All About Bonds, Bond Mutual Funds, and Bond ETFs, 3rd Edition (All About...economics) Paperback – Illustrated, December 10, 2008

When it comes to economics, I loved it. Enough said.

This book covers all the basic information you need to understand almost all types of bonds. The book also gives reader charts that show the advantages and disadvantages of investing in different types of bonds directly and by using mutual funds and exchange traded funds (ETFs). The book walks you through the different characteristics of bonds, the risk different classes of bonds contain, how to figure the yield of a bond by their interest payout and price. The book examines treasury bonds, corporate bonds, municipal bonds, convertible bonds, zero coupon bonds, international and emerging market bonds. The book explains both the level of risk in each type and what influences the specific bonds value.Contrary to popular belief bonds are not risk free investments, they have inflation risk, interest rate risk, and credit risk. Although historically they are less volatile than stocks, interest rate hikes and credit downgrades from the issuer can cause bonds to lose the value of the original invested capital. By understanding the characteristics of each class of bonds you can control the risk to your invested capital to some degree.While this book is a very dry read, it does contain all the basic information to introduce readers to how bonds work and how best to invest in them."The saying on Wall Street that investors buy stocks to obtain wealth, and buy bonds to keep their wealth aptly summarizes why bonds are an important part of an investors' portfolio."

Very good for beginners

Good condition

Informational

Very easy to read and follow book on fixed income (bond) investing. I learned a lot from this book.

This is a very good introductory book on BOND investing.Very well written with a lot of good section in each chapter (advantages, disadvantages, ecc...).