Books

The Bond's Revenge

Look at your equity portfolio. If you could just go back to 1999 or 2000 you could bail out of those hot stocks and live well for the rest of your life. However the day to sell has gone. Is it time to buy? Maybe it is the time to sell?

For Angelo there seldom is a time to sell. His investments have a little appreciation over time but every year throw off $100,000 - cash. His investments never suffer gut wrenching price drops. In fact the people who Angelo has invested with promise to give him his capital back - all of it. If only you could convince Nortel to give you back the $100 a share you invested in it. Actually Nortel did just give Angelo $30,000 when they redeemed their bonds.

This is the secret that your broker doesn't want you to know. Eighty percent of the mutual fund portfolio managers fail to beat the indices. So your probability is to do worse than the general equity market. The corporate bond market just keeps rolling along giving real returns year in year out. Don't let your broker talk to you about the government bond market. This book tells you the methods and returns available from corporate bonds. It's what the well funded pension funds are invested in so why aren't you?