Bonds 2e - The Unbeaten Path to Secure Investment Growth - The Unbeaten Path to Secure Investment Growth

Informationen zum Autor The advice of HILDY RICHELSON, PHD, and STAN RICHELSON, JD, LLM, on bond investing is sought across the United States by individuals, financial advisors, and the media. As nationally recognized bond advisors and financial authors of five bond books, they have translated the complex world of bond investing into diagrams and layman's language, enabling motivated investors to take control of their financial lives. Scarsdale Investment Group, Ltd. restricts its practice to the design and implementation of bond portfolios for high-net-worth individuals. Visit their website at www.allbondportfolios.com and sign up for a free newsletter to receive updates on bond market trends. Klappentext Updated edition of the established classic on investing in bondsIn Bonds: The Unbeaten Path to Secure Investment Growth, Second Edition, 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.Presenting 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.* New edition includes information on corporate bonds, emerging market bonds, municipal bonds, the new global ratings, and how to protect against municipal defaults* Looks at how bond portfolios protected against market volatility in the 2007-2008 crash and how they can do the same in the future* Includes information on how the bond market has changed* The wealthiest investors and financial advisers use the bond strategies outlined in this book to maximize the return on their portfolios while providing security of principalWith more bond options available than ever before, Bonds continues to be a must-have for anyone looking to understand the investment opportunities available to them. Zusammenfassung Updated edition of the established classic on investing in bondsIn Bonds: The Unbeaten Path to Secure Investment Growth, Second Edition, 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.Presenting 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.* New edition includes information on corporate bonds, emerging market bonds, municipal bonds, the new global ratings, and how to protect against municipal defaults* Looks at how bond portfolios protected against market volatility in the 2007-2008 crash and how they can do the same in the future* Includes information on how the bond market has changed* The wealthiest inve...

List of contents

Foreword xxiii
 
Preface xxvii
 
Acknowledgments xxxvii
 
Introduction xxxix
 
PART I Clearing the Cobwebs 1
 
Chapter 1 Bonds: The Better Investment 3
 
Chapter 2 The All-Bond Portfolio 29
 
Chapter 3 Adopting the All-Bond Portfolio: A Case Study 39
 
PART II Bond Basics 49
 
Chapter 4 The Evolution of a Bond: From Verbal IOU to Electronic Entry 51
 
Chapter 5 The Life of a Bond: How it's Created, Issued, Priced, and Traded 75
 
PART III Bond Categories 103
 
Chapter 6 U.S. Treasury Securities 105
 
Chapter 7 U.S. Savings Bonds 121
 
Chapter 8 U.S. Agency Debt 137
 
Chapter 9 U.S. Agency Mortgage-Backed Securities and Collateralized Mortgage Obligations 151
 
Chapter 10 Municipal Bonds: Overview 167
 
Chapter 11 Municipal Bonds: Types 191
 
Chapter 12 U.S. Corporate Bonds 225
 
Chapter 13 International Bond Markets: Foreign and Offshore 255
 
Chapter 14 Bond Look-Alikes 273
 
PART IV Options for Purchasing Bonds 301
 
Chapter 15 How to Buy Individual Bonds: A Tool Kit 303
 
Chapter 16 Bond Funds: The Good, the Bad, and the Worst 325
 
Chapter 17 Bond Funds: A Taxing Matter 349
 
Chapter 18 Choosing a Bond Mutual Fund or ETF 369
 
PART V Bond Investment Strategies and Richelson Investment Rules 383
 
Chapter 19 Financial Planning Framework for Bond Investing 387
 
Chapter 20 Financial Planning with Bonds: Case Studies 411
 
Chapter 21 How to Make the Most Money from Bonds 441
 
Appendix: Useful Web Sites 479
 
About the Authors 483
 
Index 485

Report

"There's no such thing as risk-free investing, but Bonds, Second Edition gives investors practical advice on ways to minimize risk while growing their assets."
--Bill D'Alonzo, Chief Executive Officer of Friess Associates, manager of the Brandywine Funds family of growth-stock mutual funds
 
"Over the past decade the "truth" that investment in equities is a sound and perhaps the 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."
--Victor Keen, Of Counsel, Duane Morris LLP
 
"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."
--Alan Schapire, CFP(r), CPA/PFS, Principal, Libra Financial Planning
 
"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."
--Michael Dubis, CFP(r), President, Michael A. Dubis Financial Planning; Adjunct Lecturer, University of Wisconsin Graaskamp Center for Real Estate; past NAPFA National Conference Chair
 
"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."
--Joe Mysak, editor of Bloomberg Brief's daily Municipal Market
 
"Bonds, Second Edition 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?"
--Paul H. Frankel, Partner, Morrison & Foerster
 
"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."
--Kent R. Addis, Jr., President, Addis & Hill, Inc.
 
"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."
--Jeffery B. Broadhurst, MBA, CFA, CFP, President of Broadhurst Financial Advisors, Inc.
 
"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."
--Harry Scheyer, CPA/PFS, CFP, Pinnacle Financial Advisors
 
"A great insight on understanding bond portfolios. It is an area of investing that is often overlooked and not understood."
--Fred Amrein, Founder & Principal, Amrein Financial

Product details

• Authors: H Richelson, Hildy Richelson, Hildy Richelson Richelson, Stan Richelson
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 01.11.2011
• EAN: 9781118004463
• ISBN: 978-1-118-00446-3
• No. of pages: 560
• Series: Bloomberg; Bloomberg
• Subjects: Social sciences, law, business > Business > Business administration; Kapitalanlage, Finance & Investments, Finanz- u. Anlagewesen, Kapitalanlagen u. Wertpapiere, Investments & Securities