Simple, effective book on bonds for beginners

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	• Bonds: The Unbeaten Path to Secure Investment Growth Hildy Richelson, Stan Richelson Bloomberg Press, 2007 - 352 pages average customer review:based on 22 reviews view larger image
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highly recommended

Simple, effective book on bonds for beginners

Overall, this is seems to be an excellent simple first primer on bonds. I have no formal background in investing or finance. With all due respect, I disagree with 'Texas Critic's' analysis of the complexity of bond trading and bond portfolios. Additionally, I think despite getting to the "meat of the matter", much of the value or meaning of book and investment style may have been lost on 'Texas Critic'. I believe portfolio appreciation is not the goal of bond portfolios. It seems that the authors have gone to great length to point that out. Certainly you may see portfolio appreciation, but at the end of the day downside risk mitigation with sustained income seems to be the underlying theme.

The material is dry, succinct and throughly approachable. Moreover, I have found bond traders (through various financial institutions and independent traders) who will buy/sell analyze bonds for you with relatively small portfolio maintenance charges (much less than seen in the leveraged bond funds or most mutual funds). I can not debate the viability of a 100% bond portfolio or any other investments. The ideas presented at worst will force you to think about alternative(s) to current mainstream "dogma" on asset diversification. Particularly useful may be the shift from asset appreciation strategies to liability coverage strategies. I highly recommend this book (and the one by annette thau) if you're interested in learning more about credit markets/bonds. I would emphasize that this is likely a book for beginners who want basics about bonds. I sincerely hope this review is useful.

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Bond Basics Primer

I purchased this book after reading an introductory article on bonds in the recent American Association of Individual Investors (AAII) article.

I was impressed with the basics of bonds presented in that article and felt this book might be worthy of reading.

My goal was to obtain a beginners view of the bond market and I'd say this book fulfilled that goal quite nicely.

I found the book easy to read and the information to be readily understandable. That's always a concern with a new subject.

I only gave the book four stars because I have no others from which to evaluate it. I guess I'm always hoping for the five star book!

In summary, this book provided the basic understanding of bonds I was looking for and presened it in a usable fashion. For that I give it an A+.

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An invaluable book for any careful investor

This is the best book on investing anywhere. For the past two years I have searched long and hard for a book that would give practical advice to a conservative investor--that is, one who does not want to lose money but rather wants to earn a predictable return on investments. Having read dozens of books on investing, including many of the most highly touted, I have concluded that Bonds: The Unbeaten Path to Secure Investment Growth is the best thing out there. Most of my savings and investments are in an employer plan, and thus are in funds of one sort or another, leaving little opportunity to invest directly in the type of bonds that the Richelsons discuss here. However, what has been invaluable to me is (1) their philosophy of investing and, having digested that, (2) their recommendations for the type of funds in which to invest, recommendations that can be found on page 315. That one page of recommendations, when supplemented by the Richelson's carefully laid out philosopy, is worth many times the price of the book. Since studying and applying the Richelsons' approach, I have had a year of strong returns and a year of sleeping well. To the critics of the book, I would respectfully recommend that you re-read it and then answer the question, over the past year have I had positive returns on my investments and have I slept well? If the answer is "no" to either of those questions, read this book again.

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Bonds: A secure investment strategy

In Hildy and Stan Richelson's opening chapter they break old financial premises and myths we had come to accept without question in "Bonds, The Unbeaten Path to Secure Investment Growth". They refute the dogma that we had to diversify and that the best returns are in the stock market, and they do it clearly and brilliantly.

Bonds were as remote to me as Sanskrit. Yet after reading their book, the veils were lifted. I caught their vision. They simplified the bond market. The book is inspiring and motivating. I learned bond calculations and was directed to many informative and revealing websites, all of which were essential to round out my bond comprehension. There is consciousness and a generosity of spirit in their writing.

Through their clear thinking they challenged me to relook at previous beliefs, and surprisingly turned around my whole way of seeing. It's quite masterful. There is no smoke and mirrors here, but real fact turned into a new vision.

They offer well thought out, safe and secure, investment solutions. In this extreme buyer beware climate I feel they are on my side, the side of the individual investor.

Thank you Hildy and Stan for your wisdom.

J. J. Tanner, Arizona

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reviews: page 1, 2, 3, 4, 5

In "Bonds: The Unbeaten Path to Secure Investment Growth", two veteran investors expose the myth of stocks' superior investment returns and propose an all-bond portfolio as a sure-footed strategy that can ensure results. The book, an expanded and updated version of "The Money-Making Guide to Bonds", is designed to educate novice and sophisticated investors alike and serve as a tool for financial advisers as well. It explains why bonds can be the right choice and how to use them to achieve financial goals. It presents a broad spectrum of bond-investment options, describes how to purchase bonds at the best price, and, most important, shows how to make money with bonds.

The wealthiest investors and financial advisers use the bond strategies outlined in this book to maximize the the return on their portfolios while providing security of principal. The strategies can help you determine how to use bonds in your portfolio and take control of your financial destiny. You'll be playing it smart while playing it safe.

Earn 15 hours of credit toward your CFP Board requirement.

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