Top positive review
One person found this helpful
This book is your fixed income GPS System!
on October 28, 2013
I like this book for it is easy to read and understand. It disciplines me into thinking I just cannot buy bond positions then ignore them. Even though written in 2010, Bonds Now! shows the reader the new post-credit crisis way of smart bond investing. The principles explained and the examples reveal the costly errors of many investors, and how to make corrections so not to happen again. This book is the next tier to the basic primer on this topic and I revert to it when I have questions as to which accounts and positions I need guidance and analysis. In fact I recently used this book to decide on developing a position of a high yield ETF bond fund in lieu of individual bonds in an IRA. .
For the bond investor desiring to profit from the new rules of engagement but does not know how, then this is the book for you. There are fourteen chapters to the book that walk you through how fixed income has changed and how you need to think to adapt in your investing. If anything else, the most important reason to have this book is so you will be able to talk intelligently to the brokers making your bond transactions.
The reader must realize a book like this can be time sensitive but most of the material is standard as on page 158 in the calculating Equivalent Yield Formula. Also it has useful web sites for bond analysis.
Fixed income investing done the right way as described in this book can provide financial safety for you.