Book description
In "Bonds: The Unbeaten Path to Secure Investment Growth", two veteran investors expose the myth of stocks' superior investment returns and propose an all-bond portfolio as a sure-footed strategy that can ensure results. The book, an expanded and updated version of "The Money-Making Guide to Bonds", is designed to educate novice and sophisticated investors alike and serve as a tool for financial advisers as well. It explains why bonds can be the right choice and how to use them to achieve financial goals. It presents a broad spectrum of bond-investment options, describes how to purchase bonds at the best price, and, most important, shows how to make money with bonds.
The wealthiest investors and financial advisers use the bond strategies outlined in this book to maximize the the return on their portfolios while providing security of principal. The strategies can help you determine how to use bonds in your portfolio and take control of your financial destiny. You'll be playing it smart while playing it safe.
Earn 15 hours of credit toward your CFP Board requirement.
Table of contents
- Copyright
- Praise For Bonds: The Unbeaten Path to Secure Investment Growth by Hildy Richelson and Stan Richelson
- FOREWORD
- PREFACE
- ACKNOWLEDGMENTS
- INTRODUCTION
-
I. CLEARING THE COBWEBS
- 1. BONDS The Better Investment
- 2. THE ALL-BOND PORTFOLIO
- 3. ADOPTING THE ALL-BOND PORTFOLIO A Case Study
-
II. BOND BASICS
- 4. THE EVOLUTION OF A BOND From Verbal IOU to Electronic Entry
- 5. THE LIFE OF A BOND How It's Created, Issued, Priced, and Traded
-
III. BOND CATEGORIES
- 6. U.S. TREASURY SECURITIES
- 7. U.S. SAVINGS BONDS
-
8. U.S. AGENCY DEBT
-
8.1. Major Debt-Issuing Agencies
- 8.1.1. FANNIE MAE AND FREDDIE MAC
- 8.1.2. FEDERAL FARM CREDIT SYSTEM
- 8.1.3. FEDERAL HOME LOAN BANK SYSTEM
- 8.1.4. FINANCING CORPORATION
- 8.1.5. RESOLUTION FUNDING CORPORATION
- 8.1.6. TENNESSEE VALLEY AUTHORITY
- 8.1.7. FEDERAL AGRICULTURAL MORTGAGE CORPORATION
- 8.1.8. STUDENT LOAN MARKETING ASSOCIATION
- 8.1.9. ADVANTAGES
- 8.1.10. RISKS
- 8.1.11. TAX IMPLICATIONS
- 8.1.12. SPECIAL FEATURES AND TIPS
- 8.2. Key Questions to Ask About Agency Bonds
-
8.1. Major Debt-Issuing Agencies
- 9. U.S. AGENCY and Other MORTGAGE-BACKED SECURITIES
-
10. MUNICIPAL BONDS
- 10.1. Munis: The Opaque Market
- 10.2. Risks
- 10.3. Ratings and Other Security Enhancements
- 10.4. Purchasing Municipal Bonds
- 10.5. Taxes on Municipal Bonds
- 10.6. Tax-Exempt or Taxable Bonds: How to Decide
- 10.7. Taxable Municipal Bonds
- 10.8. Private Activity Bonds
- 10.9. Tax-Exempt Bonds
- 10.10. Checking Prices on Municipal Bonds
- 10.11. Key Questions to Ask About Municipal Bonds
-
11. CORPORATE BONDS
- 11.1. The Big Picture
- 11.2. Key Categories of Corporate Bonds
- 11.3. Corporate Medium-Term Notes
- 11.4. Corporate Retail Notes
-
11.5. Corporate High-Yield Junk Bonds
- 11.5.1. A ROSE BY ANY OTHER NAME
- 11.5.2. THE TRACK RECORD
- 11.5.3. BRAVE BUYERS
- 11.5.4. ADVANTAGES
- 11.5.5. RISKS
- 11.5.6. PRICING INFORMATION
- 11.5.7. SPECIAL FEATURES AND TIPS
- 11.5.8. CORPORATE CONVERTIBLE BONDS
- 11.5.9. ADVANTAGES
- 11.5.10. RISKS
- 11.5.11. PRICING INFORMATION
- 11.5.12. SPECIAL FEATURES AND TIPS
- 11.6. Price-Checking Corporate Bonds
- 11.7. Key Questions to Ask When You're Buying Corporate Bonds
-
12. BOND LOOK-ALIKES
- 12.1. Certificates of Deposit
- 12.2. Key Questions You Should Ask When Buying a Certificate of Deposit
- 12.3. Single-Premium Immediate Fixed Annuities
- 12.4. Key Questions You Should Ask About an Immediate Fixed Annuity
- 12.5. Deferred Fixed Annuities
- 12.6. Key Questions to Ask About a Deferred Annuity
- 12.7. Nonconvertible Fixed-Rate Preferred Stock
- 12.8. Key Questions to Ask About Preferred Stock
- 12.9. Dividend-Paying Common Stock
-
IV. OPTIONS FOR PURCHASING BONDS
- 13. HOW TO BUY INDIVIDUAL BONDS A Tool Kit
- 14. BOND FUNDS The Good, the Bad, and the Worst
-
15. BONDS FUNDS A Taxing Matter
- 15.1. Tax-Exempt Funds
-
15.2. Taxable Funds
- 15.2.1. BUY-WRITE FUNDS
- 15.2.2. CONVERTIBLE BOND FUNDS
- 15.2.3. CORPORATE BOND FUNDS: HIGH YIELD (JUNK)
- 15.2.4. CORPORATE BOND FUNDS: INVESTMENT GRADE
- 15.2.5. DIVIDEND-PAYING STOCK FUNDS
- 15.2.6. FOREIGN BOND FUNDS
- 15.2.7. GOVERNMENT BOND FUNDS
- 15.2.8. GNMA FUNDS
- 15.2.9. INDEX FUNDS
- 15.2.10. INFLATION-PROTECTED SECURITIES FUNDS
- 15.2.11. LOAN-PARTICIPATION FUNDS
- 15.2.12. STABLE-VALUE FUNDS
- 15.2.13. STRATEGIC OR MULTISECTOR BOND FUNDS
- 15.2.14. TARGET-DATE FUNDS: ZERO COUPON
- 15.2.15. TARGET-DATE FUNDS: LIFE CYCLE, OR ASSET-ALLOCATION, FUNDS
- 15.2.16. TREASURY BOND FUNDS
- 15.2.17. ULTRASHORT BOND FUNDS
- 16. CHOOSING A BOND FUND
-
V. BOND INVESTMENT STRATEGIES
- 17. INVESTMENT PLANNING WITH BONDS How to Design Your Bond Portfolio
- 18. FINANCIAL PLANNING WITH BONDS Case Studies
-
19. MAXIMIZING PROFITS How to Make the Most Money From Bonds
- 19.1. Knowing When to Buy and Sell
- 19.2. Strategies for Deciding When to Sell
- 19.3. Strategies for Finding Bargain Bonds
- 19.4. Strategies for Staying Away From Overvalued Bonds
- 19.5. Strategies for When Interest Rates Are High or Rising
- 19.6. Strategies for When Interest Rates Are Low or Falling
- 19.7. Investing for Tax Advantages
- 19.8. Investing and Risk Tolerance
-
19.9. Strategies for Safe Investing
- 19.9.1. STRATEGIES FOR REDUCING MARKET RISK
- 19.9.2. STRATEGIES FOR REDUCING LIQUIDITY RISK
- 19.9.3. STRATEGIES FOR REDUCING CALL RISK
- 19.9.4. Investing for Income Needs and Financial Goals
- 19.9.5. STRATEGIES FOR SHORT-TERM GOALS
- 19.9.6. STRATEGIES FOR LONG-TERM GOALS
- 19.9.7. STRATEGIES FOR INCREASING INCOME
- 19.10. If You're Starting Out With Less Than $25,000 to Invest
- A. Useful Web Sites
- Earn fifteen hours of credit toward your CFP Board CE requirement. See www.bloomberg.com/ce to find out more.
- About Bloomberg
- About the Authors
Product information
- Title: Bonds: The Unbeaten Path to Secure Investment Growth
- Author(s):
- Release date: August 2007
- Publisher(s): Wiley
- ISBN: 9781576602430
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