Investing in Fixed Income Securities: Understanding the Bond Market (Wiley Finance) [Hardcover]

Gary Strumeyer (Author)

Book Description

Publication Date: February 28, 2005 | ISBN-10: 0471465127 | ISBN-13: 978-0471465126 | Edition: 1

Investors who've primarily purchased equity securities in the past have been looking for more secure investment alternatives; namely, fixed income securities. This book demystifies the sometimes daunting fixed income market, through a user-friendly, sophisticated, yet not overly mathematical format. Investing in Fixed Income Securities covers a wide range of topics, including the different types of fixed income securities, their characteristics, the strategies necessary to manage a diversified portfolio, bond pricing concepts, and more, so you can make the most informed investment decisions possible.

Editorial Reviews

Review

“The book couldn’t be more timely.” (HedgeWorld.com, 30th March 2005)

From the Inside Flap

In Investing in Fixed Income Securities, financial expert Gary Strumeyer distills nearly twenty years of investment experience in the fixed income marketplace to provide you with a comprehensive—yet not overly technical—overview of this investment arena. Through a user-friendly and sophisticated style, Strumeyer covers a wide range of topics, including basic terminology and concepts; the various types of debt instruments and their characteristics; the strategies necessary to manage a diversified portfolio, both domestic and non-U.S. securities; bond pricing concepts; and yield curves.

Filled with in-depth insight and practical advice, Investing in Fixed Income Securities will help you:

• Learn essential bond market concepts and terminology
• Understand key differences among virtually all debt instruments
• Structure and manage a diversified fixed income portfolio
• Assess risks associated with each category of bond investment
• Apply appropriate valuation methods to both noncallable securities and those containing embedded options
• Navigate the money market, maximizing the return on your short-term funds

The world of fixed income securities is diverse in many respects. In order to maximize the investment value of fixed income securities in your portfolio, it's necessary to understand the characteristics of these types of investments. With Investing in Fixed Income Securities as your guide, you'll gain a firm understanding of these instruments and learn how to make more prudent investment decisions that will enable you to achieve your financial objectives—without accepting unnecessary or inordinate risks in the process.

See all Editorial Reviews

Product Details

• Hardcover: 528 pages
• Publisher: Wiley; 1 edition (February 28, 2005)
• Language: English
• ISBN-10: 0471465127
• ISBN-13: 978-0471465126
• Product Dimensions: 9.4 x 6.2 x 1.6 inches
• Shipping Weight: 1.6 pounds (View shipping rates and policies)
• Average Customer Review: 3.7 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #1,180,557 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

3.0 out of 5 stars Good, but not quite the guts., January 12, 2012

By 

miw - See all my reviews

Amazon Verified Purchase

This review is from: Investing in Fixed Income Securities: Understanding the Bond Market (Wiley Finance) (Kindle Edition)

This book started off very well. The first 5 or so chapters were comprehensive, incisive and as easy to understand as the material allows. Later on, the book seemed to lose focus. In defence of the authors, it seems that they took on a monumental project in writing this book so perhaps that was inevitable. I did find in the chapters on very complex topics such as fixed income derivatives, there was not actually enough information in the chapters themselves to fully understand them. This book is also perhaps slightly dated and specific to US investors only. (Although for non-US investors there is much information that will prove useful in their markets as well. All the same, tis is the best book on the topic I could find and I think I am far better off for having read it.

0 of 1 people found the following review helpful:

3.0 out of 5 stars good book, but only for professionals in the field, June 16, 2010

By 

TimG "TimG" (Tucson, AZ) - See all my reviews

Amazon Verified Purchase

This review is from: Investing in Fixed Income Securities: Understanding the Bond Market (Wiley Finance) (Hardcover)

I am not a professional in the financial field but was looking for help in managing the fixed income portion of my portofolio. Thought this book would help me get beyond simple mutual funds or muni bonds. Unfortunately (or fortunately, I guess?) it became clear upon reading this text that to do so, would be impractical without much more research than I was willing to put into individual bonds, not just for purchase but also their later resale, nor the equipment and programs available to professionals in the field. If you want to move beyond simple buy-and-hold in bonds, it doesn't seem very practical to do so unless you are a trained professional in the field. Hence, this book was informative to me in one sense, and I am sure that those in this field would get much more use, but I cannot recommend this to anyone but trained professionals working in this area.

0 of 12 people found the following review helpful:

5.0 out of 5 stars Best Fixed Income book ever read, November 3, 2009

By 

Christopher Jacobs (Dayton, NJ United States) - See all my reviews
(REAL NAME)   

This review is from: Investing in Fixed Income Securities: Understanding the Bond Market (Wiley Finance) (Hardcover)

This book really helped me understand the ins and outs of fixed income securities. I never knew that prices dropped when yields rose and vice versa. Gary Strumeyer is a genius, and i'm sure handsome to boot. I wish there was a picture of him on the cover.