Naked Guide to Bonds: What You Need to Know -- Stripped Down to the Bare Essentials
Professional investors have long understood the importance of bonds in a successful portfolio strategy. Now you can too.
That's because Wall Street bond expert Michael Brandes takes a unique approach to this complex subject—he makes it simple. In Naked Guide to Bonds: What You Need to Know, Stripped Down to the Bare Essentials, technical jargon and complicated subject matter are translated into a straightforward, easy-to-read style with plenty of examples. What's more, rather than writing an all-inclusive book on the bond market, Brandes uses his expertise to eliminate the information that is not relevant to individual investors. The result is a practical and succinct guide that empowers you to make informed investment decisions.
Naked Guide to Bonds is written so that each chapter builds upon the information that precedes it. That way you'll never be thrown for a loop. It begins with basic questions such as: Who issues bonds, and why? And how are bonds bought and sold? Then you'll learn about the structure of these securities and the characteristics that distinguish them from stocks.
Once you're armed with the fundamentals, you'll discover how inflation, interest rates, and changes in the economy impact bond prices. Naked Guide to Bonds also provides insights about different types of bonds, including those issued by the U.S. government and its agencies, municipalities, corporations, and international issuers. Most importantly, you'll understand how to identify the bonds that are most appropriate for you.
In the final sections, you'll determine how to:
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Who Issues Bonds? And Why?
How Are Bonds Bought and Sold?
Why Buy Bonds Rather Than Stocks?
US Savings Bonds
Certificates of Deposit
Funds and Unit Investment Trusts
Money Market Funds
Putting It All Together
Have an Informed Opinion
Simplifying Key Concepts
Why Bad News Is Good News
Bond Prices and Interest Rates
Mainstays of the Market
Establish a Framework
Interpreting the Yield Curve
Getting Down to Business
Bonds Funds or Both?
Preparing for Changing Rates
Swaps and Total Return
What Not to Do