
Bonds
Description
Alles über E-Books | Antworten auf Fragen rund um E-Books, Kopierschutz und Dateiformate finden Sie in unserem Info- & Hilfebereich.
More details
Other editions
Additional editions

Previous edition

Persons
Content
- Cover
- Title Page
- Copyright Page
- Contents
- Foreword
- Preface
- Acknowledgments
- Introduction
- Part I: Clearing the Cobwebs
- Chapter 1: Bonds: The Better Investment
- Examining the Myths
- Historical Annual Return
- Unhappy Returns: Uncovering the True Returns on Stock Investments
- Taxes, Costs, and Risks of Investing in Bonds
- Past Performance
- Risk
- Growth and Income
- A Second Look at Risks and Returns
- Stock Market Volatility: The Impact on Retirement Planning
- Why Bonds Are a Better Investment than Stocks
- Individual and Institutional Investors: How They Differ
- Institutional Bond Investors
- Key Questions to Ask about Whether You Should Invest in Stocks rather than Bonds
- Notes
- Chapter 2: The All-Bond Portfolio
- Advantages of the All-Bond Portfolio
- Financial Planning
- Designing the All-Bond Portfolio
- Plain Vanilla Bonds
- Plain Vanilla Exclusions
- A Word about Other Bonds
- High-Yield Debt
- The All-Bond Antidote to Greed and Fear
- Notes
- Chapter 3: Adopting the All-Bond Portfolio: A Case Study
- A Poor-Fitting Portfolio
- Peter's Financial Objectives
- Peter's Concerns about His Portfolio
- A Consultation with Stan Richelson
- A Financial Plan Aligned with Objectives
- Step 1: Peter's Objectives and Financial Needs
- Step 2: Allocation Between Safe Bonds and All Other Assets
- Step 3: Tax Review
- Step 4: A Goal-Directed Portfolio
- Reaching a Comfort Level
- Note
- Part II: Bond Basics
- Chapter 4: The Evolution of a Bond: From Verbal IOU to Electronic Entry
- Learning the Language
- The Early Years
- A Colonial Debut
- After the American Revolution
- Entering the Twentieth Century
- Changes in the Twentieth Century
- A Modern Metamorphosis
- Great Recession of 2007-2009
- Basel III-International Securities Standards
- Derivative Regulation
- The Internet's Impact on Bond Buying
- Notes
- Chapter 5: The Life of a Bond: How it's Created, Issued, Priced, and Traded
- By Way of Background
- Preparing a Bond Issue
- Rating a Bond
- Setting a Coupon Rate
- Launching a Bond
- Understanding Risk
- A Bond's Cost and Yield
- Determining a Bond's Yield
- Current Yield
- Simple and Compound Interest
- Yield-to-Maturity
- Yield-to-Call and Yield-to-Worst
- Yield-to-Average Life
- After-Tax Yield
- The Call Option
- Duration
- Total Return
- Cash Flow upon Death: The Estate Feature
- Mind Mr. Market
- Pricing a Secondary Market Bond
- Key Questions to Ask When Purchasing a Bond
- Notes
- Part III: Bond Categories
- Chapter 6: U.S. Treasury Securities
- The Big Picture
- U.S. Treasury Notes and Bonds
- Advantages
- Risks
- Tax Implications
- Pricing Information
- Special Features and Tips
- U.S. Treasury Bills
- Advantages
- Risks
- Tax Implications
- Pricing Information
- STRIPS
- Advantages
- Risks
- Tax Implications
- Pricing Information
- TIPS
- Advantages
- Risks
- Tax Implications
- Special Features and Tips
- Key Questions to Ask about All Treasury Securities
- Notes
- Chapter 7: U.S. Savings Bonds
- Simple Investments with a Few Complexities
- Purchasing a Savings Bond
- Series EE Savings Bonds
- EE Bond Purchases on or after May 1, 2005
- Special Rules for Old EE Bonds
- Advantages
- Risks
- Tax Implications
- Special Features
- Recommendations and Tips
- Series HH Savings Bonds
- Advantages
- Risks
- Tax Implications
- Series I Savings Bonds
- Advantages
- Risks
- Tax Implications
- Recommendations and Tips
- Key Questions to Ask about Savings Bonds
- Chapter 8: U.S. Agency Debt
- Major Debt-Issuing Agencies
- Fannie Mae and Freddie Mac
- Federal Agricultural Mortgage Corporation
- Federal Farm Credit Bank System
- Federal Home Loan Bank System
- Financing Corporation
- Resolution Funding Corporation
- Student Loan Marketing Association
- Tennessee Valley Authority
- Advantages
- Risks
- Tax Implications
- Special Features and Tips
- Key Questions to Ask about Agency Bonds
- Notes
- Chapter 9: U.S. Agency Mortgage-Backed Securities and Collateralized Mortgage Obligations
- Mortgage Securities Guaranteed by the Agencies (Agency MBSs)
- MBSs: A Complex Structure
- The Agencies
- Agency Mortgage-Backed Securities
- Advantages
- Risks
- Tax Implications
- Special Features and Tips
- Key Questions to Ask about Mortgage-Backed Securities
- Collateralized Mortgage Obligations
- CMOs: A Closer Look
- Advantages
- Risks
- Tax Implications
- Pricing Information
- Key Questions to Ask about CMOs
- Chapter 10: Municipal Bonds: Overview
- Why Buy Munis?
- Munis: The Opaque Market
- Default Risk Considered
- Risks in Common Bring about Change
- Ratings and Municipal Bond Insurance
- Downfall of the Muni Bond Insurers
- Phoenix Rising
- Purchasing New Issue Municipal Bonds
- Municipal Notes
- Prerefunded and Escrowed Bonds
- Advantages of Prerefunded Bonds
- Advantages of Escrowed Bonds
- Risks
- Tax Implications
- Protect Your Muni Bond Portfolio?
- Taxes on Municipal Bonds
- Key Questions to Ask about Muni Bonds
- Notes
- Chapter 11: Municipal Bonds: Types
- Tax-Exempt or Taxable Bonds? How to Decide
- Taxable Municipal Bonds
- Advantages
- Risks
- Tax Implications
- Special Features and Tips
- Private Activity Bonds
- Advantages
- Risks
- Tax Implications
- Tax-Exempt Municipal Bonds
- General Obligation Bonds
- Revenue Bonds
- Types of Revenue Bonds
- Checking Prices on Municipal Bonds
- Key Questions to Ask about Types of Municipal Bonds
- Notes
- Chapter 12: U.S. Corporate Bonds
- The Big Picture
- Ratings
- Types of Corporate Bond Coupons
- Taxation
- Key Categories of Corporate Bonds
- Advantages
- Risks
- Pricing Information
- Special Features and Tips
- Corporate Medium-Term Notes
- Advantages
- Risks
- Pricing Information
- Special Features and Tips
- Corporate Retail Notes
- Advantages
- Risks
- Pricing Information
- Information Sources
- Special Features and Tips
- Step-Up Bonds, Notes, and Debentures
- Advantages
- Risks
- Tax Implications
- Special Features and Tips
- Corporate High-Yield Junk Bonds
- A Rose by Any Other Name
- The Track Record
- Brave Buyers
- Advantages
- Risks
- Pricing Information
- Special Features and Tips
- Corporate Convertible Bonds
- Advantages
- Risks
- Pricing Information
- Special Features and Tips
- Price-Checking Corporate Bonds
- Key Questions to Ask about Corporate Bonds
- Notes
- Chapter 13: International Bond Markets: Foreign and Offshore
- Definition of Terms
- Types of International Bonds
- Trading Blocs
- European Bloc in the European Union
- Emerging Market Bloc
- Dollar-Denominated Foreign Debt
- Foreign Bonds
- Currency Considerations
- Tax Implications
- Advantages
- Risks
- Special Features and Tips
- Key Questions to Ask about International Bonds
- Notes
- Chapter 14: Bond Look-Alikes
- Certificates of Deposit
- Ratings
- Yields
- Bank Certificates of Deposit
- Broker-Sold Bank Certificates of Deposit
- Key Questions to Ask about Certificates of Deposit
- Single-Premium Immediate Fixed Annuities
- Advantages
- Risks
- Tax Implications
- Pricing Information
- Information Sources
- Special Features and Tips
- Key Questions to Ask about an Immediate Fixed Annuity
- Deferred Fixed Annuities
- Investment Phase
- Accumulation Phase
- Nonfixed Distribution Phase
- Fixed Distribution Phase
- Advantages
- Risks
- Tax Implications
- Pricing Information
- Special Features and Tips
- Key Questions to Ask about a Fixed Deferred Annuity
- Nonconvertible Fixed Rate Preferred Stock
- Advantages
- Risks
- Pricing
- Tax Implications
- Information Sources
- Special Features and Tips
- Key Questions to Ask about Preferred Stock
- Dividend-Paying Common Stock
- Advantages
- Risks
- Special Features and Tips
- Key Questions to Ask about Common Stock
- Notes
- Part IV: Options for Purchasing Bonds
- Chapter 15: How to Buy Individual Bonds: A Tool Kit
- Buying Online
- Pricing Information
- Pricing a New Issue
- Real-Time Prices
- Key Questions to Ask about Buying Bonds Online
- Choosing a Broker
- What's Wrong with This Ad?
- Choosing the Right Brokerage Firm
- Criteria to Consider
- Establishing a Relationship
- Using a Stockbroker
- The Managed Account
- Evaluating Bond Prices
- Nature of the Marketplace
- Wholesale versus Retail
- New-Issue Order and Confirmation Details
- Key Questions at the Point of Purchase
- Notes
- Chapter 16: Bond Funds: The Good, the Bad, and the Worst
- Common Ground
- Maturity
- Yield
- Duration
- Derivatives
- Advantages
- Disadvantages
- Checking the Costs: Hidden and Unhidden
- Load
- Other Changes
- More about Fees
- Buying for Total Return
- Fund Categories
- Unit Investment Trusts (UITs)
- Closed-End Funds
- Exchange-Traded Bond Funds
- Open-End Mutual Funds
- Key Questions to Ask about Types of Bond Funds
- Notes
- Chapter 17: Bond Funds: A Taxing Matter
- Money Market Mutual Funds: Taxable and Tax-Exempt
- Breaking the Buck
- Municipal Bond Funds: Tax-Exempt
- Municipal Bond Funds: High Yield (Junk Bonds)
- Municipal Bond Funds: National
- Municipal Bond Funds: State Specific
- Taxable Funds
- Municipal Bond Funds: Taxable
- Build America Bond (BAB) Funds
- Corporate Bond Funds
- Convertible Bond Funds
- Corporate Bond Funds: High Yield (Junk)
- Corporate Bond Funds: Investment Grade
- Floating Rate Loan Participation Funds (Bank Loan)
- International Bond Funds
- Index Funds
- Inverse Bond Funds
- Long-Short Bond Fund
- Stable-Value Funds
- Ultrashort Bond Funds
- Government Bond Funds
- GNMA Funds
- Inflation-Protected Securities Funds
- Treasury Bond Funds
- Strategic or MultiSector Bond Funds
- Target-Date Funds: Zero-Coupon
- Target Date Funds: Life Cycle/Asset-Allocation Funds
- Key Questions to Ask about Choosing a Bond Mutual Fund or ETF
- Notes
- Chapter 18: Choosing a Bond Mutual Fund or ETF
- Bond Fund Fees
- Understanding Yield
- The Search Begins
- Morningstar
- Long-Term Thinking
- Strategies for Bond Fund Buyers
- Key Questions to Ask When Exploring Bond Fund and ETF Search Engines
- Notes
- Part V: Bond Investment Strategies and Richelson Investment Rules
- Chapter 19: Financial Planning Framework for Bond Investing
- Create Cash Flow with Bonds
- Focus on Cash Flow Not Performance
- Buy Cash Flow, Not Diversification
- Get Cash Flow, Not Hoped for Returns
- Inflation and Cash Flow
- Cash Flow in Retirement
- The Basics of Creating Your Financial Plan: The Four-Step Financial Planning Process
- Step 1. Determine Your Life Objectives and Financial Needs
- Step 2. Divide Your Investment Portfolio into Two Categories
- Step 3. Plan for Taxes
- Step 4. Select Bonds to Support Your Life Objectives and Financial Needs
- Should You Add Risk to Your Portfolio?
- Reevaluating Your Portfolio
- Key Questions to Ask about Financial Planning with Bonds
- Chapter 20: Financial Planning with Bonds: Case Studies
- Baby Boomers Design a New Financial Plan
- Every Family Has a Different View of What Lifestyle Is Appropriate for Them
- Summary of Key Takeaway Points
- You Are Rich! Why Are You Worried?
- Summary of Key Takeaway Points
- Changing Course
- Summary of Key Takeaway Points
- Meeting a Need for Safety
- Summary of Key Takeaway Points
- An Unanticipated Transition
- Summary of Key Takeaway Points
- Ownership of Stock in a Private Company
- Postscript
- Summary of Key Takeaway Points
- Stock Options Pay Off Big
- Postscript
- Summary of Key Takeaway Points
- Planning for College Expenses
- Summary of Key Takeaway Points
- Invest a Large Amount of Cash at One Time
- Summary of Key Takeaway Points
- Socially Responsible Investing
- Ill-Advised Advisers
- Mikala's Bond Portfolio
- Charitable Lending and Personal Growth
- Church Bonds
- Mikala's Life Plan
- Summary of Key Takeaway Points
- Notes
- Chapter 21: How to Make the Most Money from Bonds
- Knowing When to Buy and Sell
- The Yield Curve
- Strategies for Deciding When to Sell
- Strategies for Finding Bargain Bonds
- Strategies for Avoiding Overvalued Bonds
- Strategies for When Interest Rates Are High or Rising
- When Interest Rates Are Rising
- Strategies for When Interest Rates Are Low or Falling
- Investing for the Highest After-Tax Yield
- A Reminder about Taxes on Investments
- Strategy for Placing Bonds in Tax-Effective Accounts
- Strategies for Individuals in High Tax Brackets
- Strategies for Tax-Deferred Retirement Accounts and Individuals in Low Tax Brackets
- Investing and Risk Tolerance
- Practical Considerations for Assessing Risk Tolerance: Know Yourself
- Strategies for Reducing the Risk of Default
- Strategies for Safe Investing
- Strategies for Reducing Market Risk
- Strategies for Reducing Liquidity Risk
- Strategies for Reducing Call Risk
- Investing for Income Needs and Financial Goals
- Strategies for Short-Term Goals
- Strategies for Long-Term Goals
- Strategies for Life Events
- Strategies for Increasing Income
- Strategies for the Socially Responsible Investor
- If You Are Starting Out With Less Than $25,000 to Invest
- Obstacles to Committing to an All-Bond Portfolio
- Notes
- Appendix: Useful Web Sites
- About the Authors
- Index
- EULA
System requirements
File format: PDF
Copy-Protection: Adobe-DRM (Digital Rights Management)
System requirements:
- Computer (Windows; MacOS X; Linux): Install the free reader Adobe Digital Editions prior to download (see eBook Help).
- Tablet/smartphone (Android; iOS): Install the free app Adobe Digital Editions or the app PocketBook before downloading (see eBook Help).
- E-reader: Bookeen, Kobo, Pocketbook, Sony, Tolino and many more (only limited: Kindle).
The file format PDF always displays a book page identically on any hardware. This makes PDF suitable for complex layouts such as those used in textbooks and reference books (images, tables, columns, footnotes). Unfortunately, on the small screens of e-readers or smartphones, PDFs are rather annoying, requiring too much scrolling.
This eBook uses Adobe-DRM, a „hard” copy protection. If the necessary requirements are not met, unfortunately you will not be able to open the eBook. You will therefore need to prepare your reading hardware before downloading.
Please note: We strongly recommend that you authorise using your personal Adobe ID after installation of any reading software.
For more information, see our eBook Help page.