CLEARING THE COBWEBS
The main purpose of this book is to debunk the many myths surrounding investing in stocks and bonds and to provide new thinking for you to consider when developing and carrying out your financial plan. In Part I, we take you on an unusual journey and encourage you to look at the financial world through our eyes and examine the proposition that, for individual investors, individual bonds are a better investment than stocks or any other asset class.
In Chapter 1, we compare stocks and bonds and describe the powerful case for investing in bonds. When we refer to “bonds,” we only mean individual bonds and not bond funds. Bond funds are quasi-equities because they do not have a due date. Our case for bonds has always existed. ...