Getting Started in Bonds, Second Edition

Description

I have a great deal of experience in financial markets now. After the mandatory stints with stocks, futures and options, I became interested in bonds. They are a great investment for the middle-class joe with security and low-maintenance appeal. I have read many of the basic and intermediate bond books out there. This little guide is probably one of the best in this class out there! Many of the points made by other bond books: re-investment risk, buy-ask spreads and liquidity issues, the yield curve, the bipolar dynamic etc are made in this book more clearly and more memorably. If I had read about buy-ask spreads, premium bonds and liquidity in this book before I started trading bonds, I probably would have saved myself about 5-10 thousand dollars. Her husband peppers the book with little cartoons, and she peppers the book with a fun, light-hearted attitude. The author seems very knowledgable but very human and approachable (like when she explains trying to fudge her understanding of the yield-price relationship on a new job. :) There is nothing remarkable here, just brief, basic, clear and expeditious. But in a world of get-rich-quick schemes and Nostradamus-like financial prophesies, this book stands as a refreshing guide to bond basics.