In this chapter, we will be covering the world of bonds. And by and large, given today’s economic realities and also the situation of the typical corporate executive, I can say typical bonds should really have a relatively modest presence in your portfolio, especially in your “earning years.” But first let’s just talk about bonds in general and later about what types of bonds you should consider given risks in today’s economy and financial markets.
In the world of bonds, I can tell you what bonds are like, how they work, and so on. But that’s fine if we’re doing a textbook education. The greater value would be over the pros and cons, given today’s economic realities.
First of all, a bond is an instrument of debt. ...
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