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How to Double your Wealth Every 10 Years (Without Really Trying) by Nick Louth

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6. Comparing Assets

OF COURSE, IF you are going to buy and hold, the importance of picking the right asset at the start is paramount. Holding a poor investment for a decade is clearly going to dent returns more than one held for a year. Once again, income often holds the key. Getting a high and reliable initial yield is important. It gets you off on the right foot. It leaves much less to chance.

It would be wonderful to be able to use rock-solid government debt or the very highest-rated company debt as the cornerstone of our strategy. If ten-year gilts yielded 5% instead of 1.3%, that would be easier.

However, typical corporate bonds are offering only one and a half percentage points more income than the equivalent US Treasury Bonds. That’s ...

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