{"product_id":"bonds-the-unbeaten-path-to-secure-investment-growth-hardback-9781118004463","title":"Bonds; The Unbeaten Path to Secure Investment Growth (Hardback) 9781118004463","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eBonds\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eThe Unbeaten Path to Secure Investment Growth\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eHildy Richelson (Author), Stan Richelson (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781118004463, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 7 October 2011\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e560 pages\u003cbr\u003e23.1 x 15.2 x 4.6 cm, 0.771 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e“There’s no such thing as risk-free investing, but \u003ci\u003eBonds, Second Edition\u003c\/i\u003e gives investors practical advice on ways to minimize risk while growing their assets.”\u003cbr\u003e —\u003ci\u003e\u003cb\u003eBill D’Alonzo\u003c\/b\u003e\u003c\/i\u003e, Chief Executive Officer of Friess Associates, manager of the Brandywine Funds family of growth-stock mutual funds  \u003cp\u003e“Over the past decade the “truth” that investment in equities is a sound and perhaps \u003cb\u003ethe\u003c\/b\u003e surest path to long term portfolio success has been severely tested. The Richelsons make a persuasive case for taking a path less travelled – that of investing in individual bonds. With historical examples comparing the stock and bond markets, risk-reward analyses and exploring the “magic” of compounding, the book is at a minimum a fascinating read and for many will be a blue-print for a revolutionary new portfolio design.”\u003cbr\u003e —\u003ci\u003e\u003cb\u003eVictor Keen\u003c\/b\u003e\u003c\/i\u003e, Of Counsel, Duane Morris LLP\u003c\/p\u003e \u003cp\u003e“Hildy and Stan have written the ‘Everything You Always Wanted to Know About Bonds But Were Afraid to Ask’ book. This book provides clear and concise insights into bond investing.”\u003cbr\u003e —\u003ci\u003e\u003cb\u003eAlan Schapire\u003c\/b\u003e\u003c\/i\u003e, CFP®, CPA\/PFS, Principal, Libra Financial Planning\u003c\/p\u003e \u003cp\u003e“Stocks are always risky, no matter the long-run. Bonds should always have a place in investment portfolios. Stan and Hildy have been saying this correctly for years. Bonds: The Unbeaten Path to Secure Investment Growth, now in its second edition, is one of the best in-depth reviews of wisely navigating the bond markets and how to practically implement thoughtful strategies for financial advisors and advisor-clients alike. Fellow colleagues, this is a must read.”\u003cbr\u003e —\u003ci\u003e\u003cb\u003eMichael Dubis\u003c\/b\u003e\u003c\/i\u003e, CFP®, President, Michael A. Dubis Financial Planning; Adjunct Lecturer, University of Wisconsin Graaskamp Center for Real Estate; past NAPFA National Conference Chair\u003c\/p\u003e \u003cp\u003e“Bonds still aren't part of the nation's financial culture, years after this book's first edition and through the stock market's ups and downs. Don't blame the Richelsons. Better yet, leaf through their book for a detailed examination of the only investment where income is king.”\u003cbr\u003e —\u003ci\u003e\u003cb\u003eJoe Mysak\u003c\/b\u003e\u003c\/i\u003e, editor of Bloomberg Brief's daily Municipal Market\u003c\/p\u003e \u003cp\u003e“\u003ci\u003eBonds, Second Edition\u003c\/i\u003e explains the reality of today’s complex world of investing. It shows how bonds can be more predictable and more profitable for somebody’s financial future. The Richelsons take the facts of investing and they explain how to make it safe. What could be better than that?”\u003cbr\u003e —\u003ci\u003e\u003cb\u003ePaul H. Frankel\u003c\/b\u003e\u003c\/i\u003e, Partner, Morrison \u0026amp; Foerster\u003c\/p\u003e \u003cp\u003e“The Richelsons have advocated the virtue of bonds long before they became in vogue when the stock market tsunami hit every American in 2008\/2009. The second edition of their book about bonds is a must read for anyone who hasn’t invested in bonds because they don’t understand them, or, who wants to understand what they already own. Stan and Hildy’s passion for bond investing is contagious.”\u003cbr\u003e —\u003ci\u003e\u003cb\u003eKent R. Addis, Jr.\u003c\/b\u003e\u003c\/i\u003e, President, Addis \u0026amp; Hill, Inc.\u003c\/p\u003e \u003cp\u003e“With every conceivable bond topic discussed in plain English, this book is the most useful and practical guide to bond investing. If you're looking for the \"how to\" and \"why\" of prudent bond investing, this book is for you. In thoughtful reflection, the 2nd Edition will enhance your understanding of the 2009 credit crisis, and will help you steer clear of bond investing mistakes.”\u003cbr\u003e —\u003cb\u003e\u003ci\u003eJeffery B. Broadhurst\u003c\/i\u003e\u003c\/b\u003e, MBA, CFA, CFP, President of Broadhurst Financial Advisors, Inc.\u003c\/p\u003e \u003cp\u003e“Finally an up-to-date practical book on fixed income vehicles as well as strategy in using them. A must-have resource for all levels of investors as well as advisors interested in growing their assets as securely as possible.  Readers will truly benefit from Hildy and Stan Richelson's independent thinking and experience on effectively using this major asset class.”\u003cbr\u003e —\u003cb\u003e\u003ci\u003eHarry Scheyer\u003c\/i\u003e\u003c\/b\u003e, CPA\/PFS, CFP, Pinnacle Financial Advisors\u003c\/p\u003e \u003cp\u003e“A great insight on understanding bond portfolios. It is an area of investing that is often overlooked and not understood.”\u003cbr\u003e —\u003cb\u003e\u003ci\u003eFred Amrein\u003c\/i\u003e\u003c\/b\u003e, Founder \u0026amp; Principal, Amrein Financial\u003c\/p\u003e\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003eUpdated edition of the established classic on investing in bonds\u003c\/b\u003e  \u003cp\u003eIn \u003ci\u003eBonds: The Unbeaten Path to Secure Investment Growth, Second Edition,\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003ePresenting 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eNew edition includes information on corporate bonds, emerging market bonds, municipal bonds, the new global ratings, and how to protect against municipal defaults\u003c\/li\u003e \u003cli\u003eLooks at how bond portfolios protected against market volatility in the 2007-2008 crash and how they can do the same in the future\u003c\/li\u003e \u003cli\u003eIncludes information on how the bond market has changed\u003c\/li\u003e \u003cli\u003eThe 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\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWith more bond options available than ever before, \u003ci\u003eBonds\u003c\/i\u003e continues to be a must-have for anyone looking to understand the investment opportunities available to them.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eForeword xxiii\u003c\/p\u003e \u003cp\u003ePreface xxvii\u003c\/p\u003e \u003cp\u003eAcknowledgments xxxvii\u003c\/p\u003e \u003cp\u003eIntroduction xxxix\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART I Clearing the Cobwebs 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Bonds: The Better Investment 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExamining the Myths 5\u003c\/p\u003e \u003cp\u003eHistorical Annual Return 5\u003c\/p\u003e \u003cp\u003eUnhappy Returns: Uncovering the True Returns on Stock Investments 6\u003c\/p\u003e \u003cp\u003eTaxes, Costs, and Risks of Investing in Bonds 9\u003c\/p\u003e \u003cp\u003ePast Performance 10\u003c\/p\u003e \u003cp\u003eRisk 14\u003c\/p\u003e \u003cp\u003eGrowth and Income 18\u003c\/p\u003e \u003cp\u003eA Second Look at Risks and Returns 19\u003c\/p\u003e \u003cp\u003eStock Market Volatility: The Impact on Retirement Planning 21\u003c\/p\u003e \u003cp\u003eWhy Bonds Are a Better Investment than Stocks 23\u003c\/p\u003e \u003cp\u003eIndividual and Institutional Investors: How They Differ 24\u003c\/p\u003e \u003cp\u003eInstitutional Bond Investors 25\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about Whether You Should\u003c\/p\u003e \u003cp\u003eInvest in Stocks rather than Bonds 27\u003c\/p\u003e \u003cp\u003eNotes 27\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The All-Bond Portfolio 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAdvantages of the All-Bond Portfolio 30\u003c\/p\u003e \u003cp\u003eFinancial Planning 31\u003c\/p\u003e \u003cp\u003eDesigning the All-Bond Portfolio 33\u003c\/p\u003e \u003cp\u003ePlain Vanilla Bonds 33\u003c\/p\u003e \u003cp\u003ePlain Vanilla Exclusions 34\u003c\/p\u003e \u003cp\u003eA Word about Other Bonds 36\u003c\/p\u003e \u003cp\u003eHigh-Yield Debt 36\u003c\/p\u003e \u003cp\u003eThe All-Bond Antidote to Greed and Fear 37\u003c\/p\u003e \u003cp\u003eNotes 38\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Adopting the All-Bond Portfolio: A Case Study 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Poor-Fitting Portfolio 39\u003c\/p\u003e \u003cp\u003ePeter’s Financial Objectives 40\u003c\/p\u003e \u003cp\u003ePeter’s Concerns about His Portfolio 41\u003c\/p\u003e \u003cp\u003eA Consultation with Stan Richelson 43\u003c\/p\u003e \u003cp\u003eA Financial Plan Aligned with Objectives 44\u003c\/p\u003e \u003cp\u003eStep 1: Peter’s Objectives and Financial Needs 45\u003c\/p\u003e \u003cp\u003eStep 2: Allocation between Safe Bonds and All Other Assets 45\u003c\/p\u003e \u003cp\u003eStep 3: Tax Review 45\u003c\/p\u003e \u003cp\u003eStep 4: A Goal-Directed Portfolio 46\u003c\/p\u003e \u003cp\u003eReaching a Comfort Level 48\u003c\/p\u003e \u003cp\u003eNote 48\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART II Bond Basics 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Evolution of a Bond: From Verbal IOU to Electronic Entry 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning the Language 51\u003c\/p\u003e \u003cp\u003eThe Early Years 52\u003c\/p\u003e \u003cp\u003eA Colonial Debut 55\u003c\/p\u003e \u003cp\u003eAfter the American Revolution 56\u003c\/p\u003e \u003cp\u003eEntering the Twentieth Century 59\u003c\/p\u003e \u003cp\u003eChanges in the Twentieth Century 62\u003c\/p\u003e \u003cp\u003eA Modern Metamorphosis 64\u003c\/p\u003e \u003cp\u003eGreat Recession of 2007–2009 67\u003c\/p\u003e \u003cp\u003eBasel III—International Securities Standards 68\u003c\/p\u003e \u003cp\u003eDerivative Regulation 70\u003c\/p\u003e \u003cp\u003eThe Internet’s Impact on Bond Buying 70\u003c\/p\u003e \u003cp\u003eNotes 71\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 The Life of a Bond: How it’s Created, Issued, Priced, and Traded 75\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBy Way of Background 76\u003c\/p\u003e \u003cp\u003ePreparing a Bond Issue 78\u003c\/p\u003e \u003cp\u003eRating a Bond 81\u003c\/p\u003e \u003cp\u003eSetting a Coupon Rate 84\u003c\/p\u003e \u003cp\u003eLaunching a Bond 85\u003c\/p\u003e \u003cp\u003eUnderstanding Risk 86\u003c\/p\u003e \u003cp\u003eA Bond’s Cost and Yield 88\u003c\/p\u003e \u003cp\u003eDetermining a Bond’s Yield 88\u003c\/p\u003e \u003cp\u003eCurrent Yield 89\u003c\/p\u003e \u003cp\u003eSimple and Compound Interest 90\u003c\/p\u003e \u003cp\u003eYield-to-Maturity 91\u003c\/p\u003e \u003cp\u003eYield-to-Call and Yield-to-Worst 92\u003c\/p\u003e \u003cp\u003eYield-to-Average Life 92\u003c\/p\u003e \u003cp\u003eAfter-Tax Yield 93\u003c\/p\u003e \u003cp\u003eThe Call Option 93\u003c\/p\u003e \u003cp\u003eDuration 94\u003c\/p\u003e \u003cp\u003eTotal Return 96\u003c\/p\u003e \u003cp\u003eCash Flow upon Death: The Estate Feature 97\u003c\/p\u003e \u003cp\u003eMind Mr. Market 98\u003c\/p\u003e \u003cp\u003ePricing a Secondary Market Bond 100\u003c\/p\u003e \u003cp\u003eKey Questions to Ask When Purchasing a Bond 101\u003c\/p\u003e \u003cp\u003eNotes 101\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART III Bond Categories 103\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 U.S. Treasury Securities 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Big Picture 105\u003c\/p\u003e \u003cp\u003eU.S. Treasury Notes and Bonds 108\u003c\/p\u003e \u003cp\u003eAdvantages 108\u003c\/p\u003e \u003cp\u003eRisks 109\u003c\/p\u003e \u003cp\u003eTax Implications 109\u003c\/p\u003e \u003cp\u003ePricing Information 110\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 110\u003c\/p\u003e \u003cp\u003eU.S. Treasury Bills 111\u003c\/p\u003e \u003cp\u003eAdvantages 111\u003c\/p\u003e \u003cp\u003eRisks 111\u003c\/p\u003e \u003cp\u003eTax Implications 112\u003c\/p\u003e \u003cp\u003ePricing Information 112\u003c\/p\u003e \u003cp\u003eSTRIPS 112\u003c\/p\u003e \u003cp\u003eAdvantages 113\u003c\/p\u003e \u003cp\u003eRisks 114\u003c\/p\u003e \u003cp\u003eTax Implications 114\u003c\/p\u003e \u003cp\u003ePricing Information 114\u003c\/p\u003e \u003cp\u003eTIPS 114\u003c\/p\u003e \u003cp\u003eAdvantages 117\u003c\/p\u003e \u003cp\u003eRisks 117\u003c\/p\u003e \u003cp\u003eTax Implications 118\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 118\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about All Treasury Securities 120\u003c\/p\u003e \u003cp\u003eNotes 120\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 U.S. Savings Bonds 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSimple Investments with a Few Complexities 121\u003c\/p\u003e \u003cp\u003ePurchasing a Savings Bond 122\u003c\/p\u003e \u003cp\u003eSeries EE Savings Bonds 123\u003c\/p\u003e \u003cp\u003eEE Bond Purchases on or after May 1, 2005 123\u003c\/p\u003e \u003cp\u003eSpecial Rules for Old EE Bonds 124\u003c\/p\u003e \u003cp\u003eAdvantages 125\u003c\/p\u003e \u003cp\u003eRisks 125\u003c\/p\u003e \u003cp\u003eTax Implications 125\u003c\/p\u003e \u003cp\u003eSpecial Features 127\u003c\/p\u003e \u003cp\u003eRecommendations and Tips 129\u003c\/p\u003e \u003cp\u003eSeries HH Savings Bonds 130\u003c\/p\u003e \u003cp\u003eAdvantages 130\u003c\/p\u003e \u003cp\u003eRisks 131\u003c\/p\u003e \u003cp\u003eTax Implications 131\u003c\/p\u003e \u003cp\u003eSeries I Savings Bonds 131\u003c\/p\u003e \u003cp\u003eAdvantages 133\u003c\/p\u003e \u003cp\u003eRisks 134\u003c\/p\u003e \u003cp\u003eTax Implications 134\u003c\/p\u003e \u003cp\u003eRecommendations and Tips 134\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about Savings Bonds 135\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 U.S. Agency Debt 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMajor Debt-Issuing Agencies 138\u003c\/p\u003e \u003cp\u003eFannie Mae and Freddie Mac 139\u003c\/p\u003e \u003cp\u003eFederal Agricultural Mortgage Corporation 142\u003c\/p\u003e \u003cp\u003eFederal Farm Credit Bank System 142\u003c\/p\u003e \u003cp\u003eFederal Home Loan Bank System 142\u003c\/p\u003e \u003cp\u003eFinancing Corporation 143\u003c\/p\u003e \u003cp\u003eResolution Funding Corporation 143\u003c\/p\u003e \u003cp\u003eStudent Loan Marketing Association 144\u003c\/p\u003e \u003cp\u003eTennessee Valley Authority 144\u003c\/p\u003e \u003cp\u003eAdvantages 145\u003c\/p\u003e \u003cp\u003eRisks 145\u003c\/p\u003e \u003cp\u003eTax Implications 147\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 147\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about Agency Bonds 148\u003c\/p\u003e \u003cp\u003eNotes 149\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 U.S. Agency Mortgage-Backed Securities and Collateralized Mortgage Obligations 151\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMortgage Securities Guaranteed by the Agencies (Agency MBSs) 152\u003c\/p\u003e \u003cp\u003eMBSs: A Complex Structure 153\u003c\/p\u003e \u003cp\u003eThe Agencies 155\u003c\/p\u003e \u003cp\u003eAgency Mortgage-Backed Securities 157\u003c\/p\u003e \u003cp\u003eAdvantages 158\u003c\/p\u003e \u003cp\u003eRisks 159\u003c\/p\u003e \u003cp\u003eTax Implications 160\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 160\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about Mortgage-Backed Securities 161\u003c\/p\u003e \u003cp\u003eCollateralized Mortgage Obligations 161\u003c\/p\u003e \u003cp\u003eCMOs: A Closer Look 162\u003c\/p\u003e \u003cp\u003eAdvantages 164\u003c\/p\u003e \u003cp\u003eRisks 165\u003c\/p\u003e \u003cp\u003eTax Implications 165\u003c\/p\u003e \u003cp\u003ePricing Information 166\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about CMOs 166\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Municipal Bonds: Overview 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Buy Munis? 168\u003c\/p\u003e \u003cp\u003eMunis: The Opaque Market 169\u003c\/p\u003e \u003cp\u003eDefault Risk Considered 172\u003c\/p\u003e \u003cp\u003eRisks in Common Bring about Change 174\u003c\/p\u003e \u003cp\u003eRatings and Municipal Bond Insurance 177\u003c\/p\u003e \u003cp\u003eDownfall of the Muni Bond Insurers 180\u003c\/p\u003e \u003cp\u003ePhoenix Rising 182\u003c\/p\u003e \u003cp\u003ePurchasing New Issue Municipal Bonds 182\u003c\/p\u003e \u003cp\u003eMunicipal Notes 183\u003c\/p\u003e \u003cp\u003ePrerefunded and Escrowed Bonds 184\u003c\/p\u003e \u003cp\u003eAdvantages of Prerefunded Bonds 185\u003c\/p\u003e \u003cp\u003eAdvantages of Escrowed Bonds 185\u003c\/p\u003e \u003cp\u003eRisks 185\u003c\/p\u003e \u003cp\u003eTax Implications 185\u003c\/p\u003e \u003cp\u003eProtect Your Muni Bond Portfolio? 185\u003c\/p\u003e \u003cp\u003eTaxes on Municipal Bonds 186\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about Muni Bonds 187\u003c\/p\u003e \u003cp\u003eNotes 188\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Municipal Bonds: Types 191\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTax-Exempt or Taxable Bonds? How to Decide 191\u003c\/p\u003e \u003cp\u003eTaxable Municipal Bonds 194\u003c\/p\u003e \u003cp\u003eAdvantages 195\u003c\/p\u003e \u003cp\u003eRisks 195\u003c\/p\u003e \u003cp\u003eTax Implications 196\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 196\u003c\/p\u003e \u003cp\u003ePrivate Activity Bonds 196\u003c\/p\u003e \u003cp\u003eAdvantages 197\u003c\/p\u003e \u003cp\u003eRisks 197\u003c\/p\u003e \u003cp\u003eTax Implications 198\u003c\/p\u003e \u003cp\u003eTax-Exempt Municipal Bonds 198\u003c\/p\u003e \u003cp\u003eGeneral Obligation Bonds 199\u003c\/p\u003e \u003cp\u003eRevenue Bonds 202\u003c\/p\u003e \u003cp\u003eTypes of Revenue Bonds 205\u003c\/p\u003e \u003cp\u003eChecking Prices on Municipal Bonds 220\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about Types of Municipal Bonds 222\u003c\/p\u003e \u003cp\u003eNotes 223\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 U.S. Corporate Bonds 225\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Big Picture 225\u003c\/p\u003e \u003cp\u003eRatings 225\u003c\/p\u003e \u003cp\u003eTypes of Corporate Bond Coupons 227\u003c\/p\u003e \u003cp\u003eTaxation 228\u003c\/p\u003e \u003cp\u003eKey Categories of Corporate Bonds 229\u003c\/p\u003e \u003cp\u003eAdvantages 230\u003c\/p\u003e \u003cp\u003eRisks 230\u003c\/p\u003e \u003cp\u003ePricing Information 232\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 232\u003c\/p\u003e \u003cp\u003eCorporate Medium-Term Notes 234\u003c\/p\u003e \u003cp\u003eAdvantages 235\u003c\/p\u003e \u003cp\u003eRisks 235\u003c\/p\u003e \u003cp\u003ePricing Information 236\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 236\u003c\/p\u003e \u003cp\u003eCorporate Retail Notes 236\u003c\/p\u003e \u003cp\u003eAdvantages 237\u003c\/p\u003e \u003cp\u003eRisks 238\u003c\/p\u003e \u003cp\u003ePricing Information 238\u003c\/p\u003e \u003cp\u003eInformation Sources 238\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 239\u003c\/p\u003e \u003cp\u003eStep-Up Bonds, Notes, and Debentures 239\u003c\/p\u003e \u003cp\u003eAdvantages 240\u003c\/p\u003e \u003cp\u003eRisks 240\u003c\/p\u003e \u003cp\u003eTax Implications 241\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 241\u003c\/p\u003e \u003cp\u003eCorporate High-Yield Junk Bonds 241\u003c\/p\u003e \u003cp\u003eA Rose by Any Other Name 241\u003c\/p\u003e \u003cp\u003eThe Track Record 242\u003c\/p\u003e \u003cp\u003eBrave Buyers 244\u003c\/p\u003e \u003cp\u003eAdvantages 245\u003c\/p\u003e \u003cp\u003eRisks 246\u003c\/p\u003e \u003cp\u003ePricing Information 246\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 247\u003c\/p\u003e \u003cp\u003eCorporate Convertible Bonds 247\u003c\/p\u003e \u003cp\u003eAdvantages 248\u003c\/p\u003e \u003cp\u003eRisks 248\u003c\/p\u003e \u003cp\u003ePricing Information 249\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 249\u003c\/p\u003e \u003cp\u003ePrice-Checking Corporate Bonds 250\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about Corporate Bonds 251\u003c\/p\u003e \u003cp\u003eNotes 252\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 International Bond Markets: Foreign and Offshore 255\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of Terms 256\u003c\/p\u003e \u003cp\u003eTypes of International Bonds 257\u003c\/p\u003e \u003cp\u003eTrading Blocs 260\u003c\/p\u003e \u003cp\u003eEuropean Bloc in the European Union 260\u003c\/p\u003e \u003cp\u003eEmerging Market Bloc 261\u003c\/p\u003e \u003cp\u003eDollar-Denominated Foreign Debt 263\u003c\/p\u003e \u003cp\u003eForeign Bonds 265\u003c\/p\u003e \u003cp\u003eCurrency Considerations 265\u003c\/p\u003e \u003cp\u003eTax Implications 266\u003c\/p\u003e \u003cp\u003eAdvantages 266\u003c\/p\u003e \u003cp\u003eRisks 267\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 268\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about International Bonds 269\u003c\/p\u003e \u003cp\u003eNotes 270\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Bond Look-Alikes 273\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCertificates of Deposit 274\u003c\/p\u003e \u003cp\u003eRatings 274\u003c\/p\u003e \u003cp\u003eYields 274\u003c\/p\u003e \u003cp\u003eBank Certificates of Deposit 275\u003c\/p\u003e \u003cp\u003eBroker-Sold Bank Certificates of Deposit 277\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about Certificates of Deposit 281\u003c\/p\u003e \u003cp\u003eSingle-Premium Immediate Fixed Annuities 281\u003c\/p\u003e \u003cp\u003eAdvantages 283\u003c\/p\u003e \u003cp\u003eRisks 284\u003c\/p\u003e \u003cp\u003eTax Implications 284\u003c\/p\u003e \u003cp\u003ePricing Information 285\u003c\/p\u003e \u003cp\u003eInformation Sources 285\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 285\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about an Immediate Fixed Annuity 287\u003c\/p\u003e \u003cp\u003eDeferred Fixed Annuities 287\u003c\/p\u003e \u003cp\u003eInvestment Phase 287\u003c\/p\u003e \u003cp\u003eAccumulation Phase 287\u003c\/p\u003e \u003cp\u003eNonfixed Distribution Phase 288\u003c\/p\u003e \u003cp\u003eFixed Distribution Phase 289\u003c\/p\u003e \u003cp\u003eAdvantages 289\u003c\/p\u003e \u003cp\u003eRisks 289\u003c\/p\u003e \u003cp\u003eTax Implications 290\u003c\/p\u003e \u003cp\u003ePricing Information 291\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 291\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about a Fixed Deferred Annuity 292\u003c\/p\u003e \u003cp\u003eNonconvertible Fixed Rate Preferred Stock 292\u003c\/p\u003e \u003cp\u003eAdvantages 295\u003c\/p\u003e \u003cp\u003eRisks 295\u003c\/p\u003e \u003cp\u003ePricing 296\u003c\/p\u003e \u003cp\u003eTax Implications 296\u003c\/p\u003e \u003cp\u003eInformation Sources 297\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 297\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about Preferred Stock 298\u003c\/p\u003e \u003cp\u003eDividend-Paying Common Stock 298\u003c\/p\u003e \u003cp\u003eAdvantages 299\u003c\/p\u003e \u003cp\u003eRisks 299\u003c\/p\u003e \u003cp\u003eSpecial Features and Tips 299\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about Common Stock 300\u003c\/p\u003e \u003cp\u003eNotes 300\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART IV Options for Purchasing Bonds 301\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 How to Buy Individual Bonds: A Tool Kit 303\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBuying Online 304\u003c\/p\u003e \u003cp\u003ePricing Information 305\u003c\/p\u003e \u003cp\u003ePricing a New Issue 308\u003c\/p\u003e \u003cp\u003eReal-Time Prices 308\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about Buying Bonds Online 310\u003c\/p\u003e \u003cp\u003eChoosing a Broker 310\u003c\/p\u003e \u003cp\u003eWhat’s wrong with This Ad? 310\u003c\/p\u003e \u003cp\u003eChoosing the Right Brokerage Firm 314\u003c\/p\u003e \u003cp\u003eCriteria to Consider 315\u003c\/p\u003e \u003cp\u003eEstablishing a Relationship 316\u003c\/p\u003e \u003cp\u003eUsing a Stockbroker 316\u003c\/p\u003e \u003cp\u003eThe Managed Account 317\u003c\/p\u003e \u003cp\u003eEvaluating Bond Prices 319\u003c\/p\u003e \u003cp\u003eNature of the Marketplace 320\u003c\/p\u003e \u003cp\u003eWholesale versus Retail 320\u003c\/p\u003e \u003cp\u003eNew-Issue Order and Confirmation Details 321\u003c\/p\u003e \u003cp\u003eKey Questions at the Point of Purchase 322\u003c\/p\u003e \u003cp\u003eNotes 324\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Bond Funds: The Good, the Bad, and the Worst 325\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCommon Ground 326\u003c\/p\u003e \u003cp\u003eMaturity 327\u003c\/p\u003e \u003cp\u003eYield 327\u003c\/p\u003e \u003cp\u003eDuration 328\u003c\/p\u003e \u003cp\u003eDerivatives 329\u003c\/p\u003e \u003cp\u003eAdvantages 330\u003c\/p\u003e \u003cp\u003eDisadvantages 330\u003c\/p\u003e \u003cp\u003eChecking the Costs: Hidden and Unhidden 331\u003c\/p\u003e \u003cp\u003eLoad 331\u003c\/p\u003e \u003cp\u003eOther Changes 332\u003c\/p\u003e \u003cp\u003eMore about Fees 335\u003c\/p\u003e \u003cp\u003eBuying for Total Return 336\u003c\/p\u003e \u003cp\u003eFund Categories 337\u003c\/p\u003e \u003cp\u003eUnit Investment Trusts (UITs) 337\u003c\/p\u003e \u003cp\u003eClosed-End Funds 338\u003c\/p\u003e \u003cp\u003eExchange-Traded Bond Funds 340\u003c\/p\u003e \u003cp\u003eOpen-End Mutual Funds 342\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about Types of Bond Funds 346\u003c\/p\u003e \u003cp\u003eNotes 347\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Bond Funds: A Taxing Matter 349\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMoney Market Mutual Funds: Taxable and Tax-Exempt 349\u003c\/p\u003e \u003cp\u003eBreaking the Buck 350\u003c\/p\u003e \u003cp\u003eMunicipal Bond Funds: Tax-Exempt 352\u003c\/p\u003e \u003cp\u003eMunicipal Bond Funds: High Yield (Junk Bonds) 352\u003c\/p\u003e \u003cp\u003eMunicipal Bond Funds: National 353\u003c\/p\u003e \u003cp\u003eMunicipal Bond Funds: State Specific 354\u003c\/p\u003e \u003cp\u003eTaxable Funds 354\u003c\/p\u003e \u003cp\u003eMunicipal Bond Funds: Taxable 355\u003c\/p\u003e \u003cp\u003eBuild America Bond (BAB) Funds 355\u003c\/p\u003e \u003cp\u003eCorporate Bond Funds 355\u003c\/p\u003e \u003cp\u003eConvertible Bond Funds 356\u003c\/p\u003e \u003cp\u003eCorporate Bond Funds: High Yield (Junk) 356\u003c\/p\u003e \u003cp\u003eCorporate Bond Funds: Investment Grade 357\u003c\/p\u003e \u003cp\u003eFloating Rate Loan Participation Funds (Bank Loan) 358\u003c\/p\u003e \u003cp\u003eInternational Bond Funds 360\u003c\/p\u003e \u003cp\u003eIndex Funds 360\u003c\/p\u003e \u003cp\u003eInverse Bond Funds 361\u003c\/p\u003e \u003cp\u003eLong-Short Bond Fund 361\u003c\/p\u003e \u003cp\u003eStable-Value Funds 361\u003c\/p\u003e \u003cp\u003eUltrashort Bond Funds 363\u003c\/p\u003e \u003cp\u003eGovernment Bond Funds 363\u003c\/p\u003e \u003cp\u003eGNMA Funds 364\u003c\/p\u003e \u003cp\u003eInflation-Protected Securities Funds 364\u003c\/p\u003e \u003cp\u003eTreasury Bond Funds 365\u003c\/p\u003e \u003cp\u003eStrategic or MultiSector Bond Funds 365\u003c\/p\u003e \u003cp\u003eTarget-Date Funds: Zero-Coupon 365\u003c\/p\u003e \u003cp\u003eTarget Date Funds: Life Cycle\/Asset-Allocation Funds 366\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about Choosing a Bond Mutual Fund or ETF 367\u003c\/p\u003e \u003cp\u003eNotes 367\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Choosing a Bond Mutual Fund or ETF 369\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBond Fund Fees 370\u003c\/p\u003e \u003cp\u003eUnderstanding Yield 370\u003c\/p\u003e \u003cp\u003eThe Search Begins 372\u003c\/p\u003e \u003cp\u003eMorningstar 375\u003c\/p\u003e \u003cp\u003eLong-Term Thinking 377\u003c\/p\u003e \u003cp\u003eStrategies for Bond Fund Buyers 377\u003c\/p\u003e \u003cp\u003eKey Questions to Ask When Exploring Bond Fund and ETF Search Engines 380\u003c\/p\u003e \u003cp\u003eNotes 381\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART V Bond Investment Strategies and Richelson Investment Rules 383\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Financial Planning Framework for Bond Investing 387\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCreate Cash Flow with Bonds 388\u003c\/p\u003e \u003cp\u003eFocus on Cash Flow Not Performance 388\u003c\/p\u003e \u003cp\u003eBuy Cash Flow, Not Diversification 389\u003c\/p\u003e \u003cp\u003eGet Cash Flow, Not Hoped for Returns 390\u003c\/p\u003e \u003cp\u003eInflation and Cash Flow 390\u003c\/p\u003e \u003cp\u003eCash Flow in Retirement 391\u003c\/p\u003e \u003cp\u003eThe Basics of Creating Your Financial Plan:\u003c\/p\u003e \u003cp\u003eThe Four-Step Financial Planning Process 393\u003c\/p\u003e \u003cp\u003eStep 1. Determine Your Life Objectives and Financial Needs 394\u003c\/p\u003e \u003cp\u003eStep 2. Divide Your Investment Portfolio into Two Categories 396\u003c\/p\u003e \u003cp\u003eStep 3. Plan for Taxes 398\u003c\/p\u003e \u003cp\u003eStep 4. Select Bonds to Support Your Life Objectives and Financial Needs 401\u003c\/p\u003e \u003cp\u003eShould You Add Risk to Your Portfolio? 406\u003c\/p\u003e \u003cp\u003eReevaluating Your Portfolio 409\u003c\/p\u003e \u003cp\u003eKey Questions to Ask about Financial Planning with Bonds 410\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20 Financial Planning with Bonds: Case Studies 411\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBaby Boomers Design a New Financial Plan 411\u003c\/p\u003e \u003cp\u003eEvery Family Has a Different View of What Lifestyle is Appropriate for Them 412\u003c\/p\u003e \u003cp\u003eSummary of Key Takeaway Points 415\u003c\/p\u003e \u003cp\u003eYou Are Rich! Why Are You Worried? 415\u003c\/p\u003e \u003cp\u003eSummary of Key Takeaway Points 418\u003c\/p\u003e \u003cp\u003eChanging Course 418\u003c\/p\u003e \u003cp\u003eSummary of Key Takeaway Points 419\u003c\/p\u003e \u003cp\u003eMeeting a Need for Safety 420\u003c\/p\u003e \u003cp\u003eSummary of Key Takeaway Points 420\u003c\/p\u003e \u003cp\u003eAn Unanticipated Transition 421\u003c\/p\u003e \u003cp\u003eSummary of Key Takeaway Points 422\u003c\/p\u003e \u003cp\u003eOwnership of Stock in a Private Company 423\u003c\/p\u003e \u003cp\u003ePostscript 424\u003c\/p\u003e \u003cp\u003eSummary of Key Takeaway Points 424\u003c\/p\u003e \u003cp\u003eStock Options Pay Off Big 424\u003c\/p\u003e \u003cp\u003ePostscript 426\u003c\/p\u003e \u003cp\u003eSummary of Key Takeaway Points 426\u003c\/p\u003e \u003cp\u003ePlanning for College Expenses 427\u003c\/p\u003e \u003cp\u003eSummary of Key Takeaway Points 428\u003c\/p\u003e \u003cp\u003eInvest a Large Amount of Cash at One Time 428\u003c\/p\u003e \u003cp\u003eSummary of Key Takeaway Points 431\u003c\/p\u003e \u003cp\u003eSocially Responsible Investing 432\u003c\/p\u003e \u003cp\u003eIll-Advised Advisers 433\u003c\/p\u003e \u003cp\u003eMikala’s Bond Portfolio 435\u003c\/p\u003e \u003cp\u003eCharitable Lending and Personal Growth 437\u003c\/p\u003e \u003cp\u003eChurch Bonds 438\u003c\/p\u003e \u003cp\u003eMikala’s Life Plan 439\u003c\/p\u003e \u003cp\u003eSummary of Key Takeaway Points 439\u003c\/p\u003e \u003cp\u003eNotes 440\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21 How to Make the Most Money from Bonds 441\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKnowing When to Buy and Sell 441\u003c\/p\u003e \u003cp\u003eThe Yield Curve 443\u003c\/p\u003e \u003cp\u003eStrategies for Deciding When to Sell 447\u003c\/p\u003e \u003cp\u003eStrategies for Finding Bargain Bonds 448\u003c\/p\u003e \u003cp\u003eStrategies for Avoiding Overvalued Bonds 450\u003c\/p\u003e \u003cp\u003eStrategies for When Interest Rates Are High or Rising 451\u003c\/p\u003e \u003cp\u003eWhen Interest Rates Are Rising 451\u003c\/p\u003e \u003cp\u003eStrategies for When Interest Rates Are Low or Falling 453\u003c\/p\u003e \u003cp\u003eInvesting for the Highest After-Tax Yield 455\u003c\/p\u003e \u003cp\u003eA Reminder about Taxes on Investments 456\u003c\/p\u003e \u003cp\u003eStrategy for Placing Bonds in Tax-Effective Accounts 457\u003c\/p\u003e \u003cp\u003eStrategies for Individuals in High Tax Brackets 458\u003c\/p\u003e \u003cp\u003eStrategies for Tax-Deferred Retirement Accounts and Individuals in Low Tax Brackets 458\u003c\/p\u003e \u003cp\u003eInvesting and Risk Tolerance 460\u003c\/p\u003e \u003cp\u003ePractical Considerations for Assessing Risk Tolerance: Know Yourself 460\u003c\/p\u003e \u003cp\u003eStrategies for Reducing the Risk of Default 462\u003c\/p\u003e \u003cp\u003eStrategies for Safe Investing 463\u003c\/p\u003e \u003cp\u003eStrategies for Reducing Market Risk 464\u003c\/p\u003e \u003cp\u003eStrategies for Reducing Liquidity Risk 469\u003c\/p\u003e \u003cp\u003eStrategies for Reducing Call Risk 469\u003c\/p\u003e \u003cp\u003eInvesting for Income Needs and Financial Goals 470\u003c\/p\u003e \u003cp\u003eStrategies for Short-Term Goals 470\u003c\/p\u003e \u003cp\u003eStrategies for Long-Term Goals 471\u003c\/p\u003e \u003cp\u003eStrategies for Life Events 473\u003c\/p\u003e \u003cp\u003eStrategies for Increasing Income 473\u003c\/p\u003e \u003cp\u003eStrategies for the Socially Responsible Investor 475\u003c\/p\u003e \u003cp\u003eIf You Are Starting Out With Less Than $25,000 to Invest 475\u003c\/p\u003e \u003cp\u003eObstacles to Committing to an All-Bond Portfolio 475\u003c\/p\u003e \u003cp\u003eNotes 477\u003c\/p\u003e \u003cp\u003eAppendix: Useful Web Sites 479\u003c\/p\u003e \u003cp\u003eAbout the Authors 483\u003c\/p\u003e \u003cp\u003eIndex 485\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Bloomberg Press","offers":[{"title":"Brand New","offer_id":52417745256728,"sku":"9781118004463","price":16.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781118004463.jpg?v=1784506171","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/bonds-the-unbeaten-path-to-secure-investment-growth-hardback-9781118004463","provider":"Freshly Printed Books","version":"1.0","type":"link"}