Book description
Updated edition of the established classic on investing in bonds
In Bonds: The Unbeaten Path to Secure Investment Growth, Second Edition, the fully revised and updated edition of the classic guide to demystifying the bonds market, veteran investor husband and wife team Hildy and Stan Richelson expose the myth of stocks' superior investment returns and propose an all-bond portfolio as a sure-footed strategy that will ensure positive returns. Designed to educate novice and sophisticated investors alike, as well as to serve as a tool for financial advisers, the book explains why and when bonds can be the right choice. Case studies, detailed bond strategies, and a financial planning overview bring home the value of bonds in achieving financial goals.
Presenting a broad spectrum of bond-investment options, and describing how to purchase bonds at the best prices, the book shows how to make real money by investing in bonds. The strategies presented here are designed to help the reader determine how to use bonds to take control of their own financial destiny.
New edition includes information on corporate bonds, emerging market bonds, municipal bonds, the new global ratings, and how to protect against municipal defaults
Looks at how bond portfolios protected against market volatility in the 2007-2008 crash and how they can do the same in the future
Includes information on how the bond market has changed
The wealthiest investors and financial advisers use the bond strategies outlined in this book to maximize the return on their portfolios while providing security of principal
With more bond options available than ever before, Bonds continues to be a must-have for anyone looking to understand the investment opportunities available to them.
Table of contents
- Cover
- Title
- Copyright
- Dedication
- Contents
- Foreword
- Preface
- Acknowledgments
- Introduction
-
Part I: Clearing the Cobwebs
-
Chapter 1: Bonds
- Examining the Myths
- A Second Look at Risks and Returns
- Stock Market Volatility: The Impact on Retirement Planning
- Why Bonds Are a Better Investment than Stocks
- Individual and Institutional Investors: How They Differ
- Key Questions to Ask about Whether You Should Invest in Stocks rather than Bonds
- Notes
- Chapter 2: The All-Bond Portfolio
- Chapter 3: Adopting the All-Bond Portfolio
-
Chapter 1: Bonds
- Part II: Bond Basics
-
Part III: Bond Categories
- Chapter 6: U.S. Treasury Securities
- Chapter 7: U.S. Savings Bonds
- Chapter 8: U.S. Agency Debt
- Chapter 9: U.S. Agency Mortgage-Backed Securities and Collateralized Mortgage Obligations
-
Chapter 10: Municipal Bonds
- Why Buy Munis?
- Munis: The Opaque Market
- Default Risk Considered
- Risks in Common Bring about Change
- Ratings and Municipal Bond Insurance
- Purchasing New Issue Municipal Bonds
- Prerefunded and Escrowed Bonds
- Protect Your Muni Bond Portfolio?
- Taxes on Municipal Bonds
- Key Questions to Ask about Muni Bonds
- Notes
- Chapter 11: Municipal Bonds
- Chapter 12: U.S. Corporate Bonds
- Chapter 13: International Bond Markets
-
Chapter 14: Bond Look-Alikes
- Certificates of Deposit
- Key Questions to Ask about Certificates of Deposit
- Single-Premium Immediate Fixed Annuities
- Key Questions to Ask about an Immediate Fixed Annuity
- Deferred Fixed Annuities
- Key Questions to Ask about a Fixed Deferred Annuity
- Nonconvertible Fixed Rate Preferred Stock
- Key Questions to Ask about Preferred Stock
- Dividend-Paying Common Stock
- Key Questions to Ask about Common Stock
- Notes
- Part IV: Options for Purchasing Bonds
-
Part V: Bond Investment Strategies and Richelson Investment Rules
- Chapter 19: Financial Planning Framework for Bond Investing
-
Chapter 20: Financial Planning with Bonds
- Baby Boomers Design a New Financial Plan
- You Are Rich! Why Are You Worried?
- Changing Course
- Meeting a Need for Safety
- An Unanticipated Transition
- Ownership of Stock in a Private Company
- Stock Options Pay Off Big
- Planning for College Expenses
- Invest a Large Amount of Cash at One Time
- Socially Responsible Investing
- Summary of Key Takeaway Points
- Notes
-
Chapter 21: How to Make the Most Money from Bonds
- Knowing When to Buy and Sell
- Strategies for Deciding When to Sell
- Strategies for Finding Bargain Bonds
- Strategies for Avoiding Overvalued Bonds
- Strategies for When Interest Rates Are High or Rising
- Strategies for When Interest Rates Are Low or Falling
- Investing for the Highest After-Tax Yield
- Investing and Risk Tolerance
- Strategies for Safe Investing
- Investing for Income Needs and Financial Goals
- If You Are Starting out with Less than $25,000 to Invest
- Obstacles to Committing to an All-Bond Portfolio
- Notes
- Appendix: Useful Web Sites
- About the Authors
- Index
Product information
- Title: Bonds, Second Edition
- Author(s):
- Release date: September 2011
- Publisher(s): Bloomberg Press
- ISBN: 9781118004463
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