Оглавление
Russell Wild. Investing in Bonds For Dummies
Introduction
About This Book
Foolish Assumptions
Icons Used in This Book
Beyond the Book
Where to Go from Here
Part I. Bond Apetit!
Chapter 1. The Bond Fundamentals
Understanding What Makes a Bond a Bond
Why Hold Bonds? (Hint: You’ll Likely Make Money!)
Introducing the Major Players in the Bond Market
Buying Solo or Buying in Bulk
The Triumphs and Failures of Fixed-Income Investing
Realizing How Crucial Bonds Are Today
Viewing Recent Developments, Largely for the Better
Chapter 2. All about the Interest
The Tricky Business That Is Calculating Rates of Return
Measuring the Desirability of a Bond
Understanding Yield
Recognizing Total Return (This Is What Matters Most!)
Measuring the Volatility of Your Bond Holdings
Returning to the Bonds of Babylonia
Chapter 3. Types of Bonds
Exploring the Many Ways of Investing with Uncle Sam
Industrial Returns: Corporate Bonds
Lots of Protection, a Touch of Confusion: Agency Bonds
Banking Your Money on Other People’s Mortgages
(Almost) Tax-Free Havens: Municipal Bonds
Global Bonds and Other Seemingly Exotic Offerings
Bond Investing with a Conscience
Part II. Bonds Away! The Bond Marketplace
Chapter 4. Investing (Carefully!) in Individual Bonds
Navigating Today’s Individual Bond Market
Dealing with Brokers and Other Financial Professionals
Doing It Yourself Online
Perfecting the Art of Laddering
Chapter 5. Picking a Bond Fund That Will Serve You for Life
Defining the Basic Kinds of Funds
What Matters Most in Choosing a Bond Fund of Any Sort
My Picks for Some of the Best Bond Funds
Chapter 6. Fulfilling the Need for Steady, Ready, Heady Cash
Reaping the Rewards of Your Investments
Finding Interesting Sources of Interest
Recognizing that Stocks Can Be Cash Cows, Too (Moo)
A Vastly Better Way to Create Cash Flow: Portfolio Rebalancing
Chapter 7. Finding Comfort and Security in Old Age
The Risk of Being Too Conservative
Calculating How Much You Can Safely Tap
Making the Most Use of Uncle Sam’s Gifts
Part III. Customizing and Optimizing Your Bond Portfolio
Chapter 8. Developing Your Investment Game Plan
Focusing on Your Objectives
Making Your Savings and Investment Selections
Understanding Five Major Investment Principles
Chapter 9. Risk, Return, and Realistic Expectations
Searching, Searching, Searching for the Elusive Free Lunch
Appreciating Bonds’ Risk Characteristics
Reckoning on the Return You’ll Most Likely See
Finding Your Sweet Spot
Chapter 10. Balancing Your Portfolio and Choosing Bonds
Why the Bond Percentage Question Is Not As Simple As Pie
Peering into the Future
Noticing the Many Shades of Gray in Your Portfolio
Making Sure Your Portfolio Remains in Balance
Sizing Up Your Need for Fixed-Income Diversification
Weighing Diversification versus Complication
Finding the Perfect Bond Portfolio Fit
Chapter 11. Strategizing Your Bond Buys and Sells
Discovering the Brave New World of Bonds
Deciding Whether to Go with Bond Funds or Individual Bonds
Is Now the Time to Buy Bonds?
Taxable and Tax-Advantaged Retirement Accounts
Part IV. The Part of Tens
Chapter 12. The Ten Most Common Misconceptions about Bonds
A Bond “Selling for 100” Costs $100
Buying a Bond at a Discount Is Better Than Paying a Premium, Duh
A Bond Paying X % Today Will Pocket You X % Over the Life of the Bond
Rising Interest Rates Are Good (or Bad) for Bondholders
Certain Bonds (Such As Treasuries) Are Completely Safe
Bonds Are a Retiree’s Best Friend
Individual Bonds Are Usually a Better Deal than Bond Funds
Municipal Bonds Are Free of Taxation
A Discount Broker Sells Bonds Cheaper
The Biggest Risk in Bonds is the Risk of the Issuer Defaulting
Chapter 13. Ten Mistakes That Most Bond Investors Make
Allowing the Broker to Churn You
Not Taking Advantage of TRACE
Choosing a Bond Fund Based on Short-Term Performance
Not Looking Closely Enough at a Bond Fund’s Expenses
Going Through a Middleman to Buy Treasuries
Counting Too Much on High-Yield Bonds
Paying Too Much Attention to the Yield Curve
Buying Bonds That Are Too Complicated
Ignoring Inflation and Taxation
Relying Too Heavily on Bonds in Retirement
Chapter 14. Ten Q & A’s with Bond Guru Dan Fuss
Dedication
About the Author
Authors’ Acknowledgments
