Bonds: The Unbeaten Path to Secure Investment Growth (Bloomberg)
by Hildy Richelson, Stan Richelson
List Price:
Our Price: $14.29
You Save: $10.66 (43%)
Availability: Usually ships in 1-2 business days
Buy Used: from $2.04 (click here)
Category: Book
See more book details and other editions
Book Summary Information
Author: Hildy Richelson, Stan RichelsonForeword: John Brynjolfsson
Edition: Hardcover
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2007-08-15
ISBN: 1576602435
Number of pages: 352
Publisher: Bloomberg Press
Book Reviews of Bonds: The Unbeaten Path to Secure Investment Growth (Bloomberg)
Book Review: Protecting Your $$$$
Summary: 5 Stars
We expect more return from our personal investing than can be delivered. Because of this disconnect between expectations and reality, we are vulnerable to buying a bill of goods. We reject reality because reality is not to our liking.(Don't we listen to Warren Buffet?)
This book is about more than bonds. It is about reality.
It is about you and me and how we want to get by on the cheap. We want the good deal. We want the free lunch. We want the bargain. We want to get 2 and pay for 1. We want the out-sized return with no downside risk.
What Stan and Hildy Richelson are saying is what we do not want to hear: There are limits to what investing in any financial instrument can deliver. And, at the end of the day, bonds are not only cleaner than stocks but produce a more reliable, competitive return.
Look, what this book tells us is that some investments present a more honest picture of their upside and downside than others. Stan and Hildy believe bonds are safer, more transparent and compete favorably with other investments which are less transparent and reliable. That's all they're saying (which is a lot!). And I agree.
They are not saying bonds transcend the limits and inherent risks of investing. No. They are saying we have become conditioned to the lunacy of talk show pundits who dummy-down the complexities of navigating the treacherous waters of financial investing.
As much as broadening access to investment markets has been a boon to capitalists, it has not been a commensurate boon to naive 401(k) participants required to become sophisticated investors overnight in order to retire. Basically, broadening access has been a sham. It has been sold as a blessing to the producers of real value but really it has simply been a gimmick to substitute investing for saving. Popularizing stock investing and promoting individually directed investment choices (instead of offering guaranteed income from a pension) exploits workers. Freedom does not equal making your own investment choices when you are unsophisticated in sophisticated investments. Freedom does not equal transferring a known income in retirement to an unknown investment return.
Given the structural dysfunction in our system, this book adds a modicum of sanity. True, it does not relieve all the financial woe facing us today. However, it is a step in the right direction, it demythologizes investing. It presents a sane alternative for the few willing to transcend the noise and panic of the moment. I recommend it.
Summary of Bonds: The Unbeaten Path to Secure Investment Growth (Bloomberg)
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.
Investing Books
Book Subjects
- Arts & Photography
- Biographies & Memoirs
- Business & Investing
- Children's Books
- Comics & Graphic Novels
- Computers & Internet
- Cooking, Food & Wine
- Entertainment
- Gay & Lesbian
- Health, Mind & Body
- History
- Home & Garden
- Horror
- Law
- Literature & Fiction
- Mystery & Thrillers
- Nonfiction
- Outdoors & Nature
- Parenting & Families
- Professional & Technical
- Reference
- Religion & Spirituality
- Romance
- Science
- Science Fiction & Fantasy
- Sports
- Teens
- Travel
Most talked about in Investing Books
Fixed Income Securities: Tools for Today's Markets, Second Editionby Bruce Tuckman
Wiley; Published: 2002-08-16; Hardcover; Book
Best price: $98.69
The Warren Buffett Way: Investment Strategies of the World's Greatest Investorby Robert G. Hagstrom
Wiley; Published: 1994-10; Hardcover; Book
Best price: $0.85
Price in other shops:
Foreclosure Investing For Dummiesby Ralph R. Roberts, Joe Kraynak
For Dummies; Published: 2007-05-29; Paperback; Book
Best price: $6.08
Price in other shops:
Uncommon Grounds : The History of Coffee and How It Transformed Our Worldby Mark Pendergrast
Basic Books; Published: 1999-06-01; Hardcover; Book
Best price: $26.73
Price in other shops:
Charles Schwab's Guide to Financial Independence: Simple Solutions for Busy Peopleby Charles Schwab
Crown; Published: 1997-12-24; Hardcover; Book
Best price: $0.01
Price in other shops:
Introduction to Derivatives and Risk Management (with Stock-Trak Coupon)by Don M. Chance, Roberts Brooks
South-Western College Pub; Published: 2009-08-11; Hardcover; Book
Best price: $185.10
Price in other shops:
Common Sense Economics: What Everyone Should Know About Wealth and Prosperityby James D. Gwartney, Richard L. Stroup, Dwight R. Lee, Tawni Hunt Ferrarini
St. Martin's Press; Published: 2005-02-01; Hardcover; Book
Best price: $4.83
Price in other shops:
Fundamentals of Futures and Options Markets (4th Edition)by John C. Hull
Prentice Hall; Published: 2001-06-29; Hardcover; Book
Best price: $14.06
Price in other shops:
An Introduction to High-Frequency Financeby Michel M.; Gençay, Ramazan; Muller, Ulrich A.; Olsen, Richard B.; Pic Dacorogna
Academic Press; Published: 2001; Hardcover; Book
Best price: $80.45
24 Essential Lessons for Investment Success: Learn the Most Important Investment Techniques from the Founder of Investor's Business Dailyby William J. O'Neil
McGraw-Hill; Published: 1999-12-13; Paperback; Book
Best price: $1.73
Price in other shops:
Similar Books and other products
Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions)by Benjamin Graham, David Dodd
McGraw-Hill; Published: 2008-09-04; Hardcover; Book
Best price: $34.99
Price in other shops:
Dynamic Asset Allocation: Modern Portfolio Theory Updated for the Smart Investor (Bloomberg Financial)by James Picerno
Bloomberg Press; Published: 2010-02-17; Hardcover; Book
Best price: $14.25
Price in other shops:
Lebenthal On Munis: Straight Talk About Tax-Free Municipal Bonds for the Troubled Investor Deciding "Yes...or No!"by Jim Lebenthal
Morgan James Publishing; Published: 2009-10-01; Paperback; Book
Best price: $6.11
Price in other shops:
Naked Guide to Bonds: What You Need to Know--Stripped Down to the Bare Essentialsby Michael V. Brandes
Wiley; Published: 2003-09-19; Hardcover; Book
Best price: $1.10
Price in other shops:
The Only Guide to a Winning Bond Strategy You'll Ever Need: The Way Smart Money Preserves Wealth Todayby Larry E. Swedroe, Joseph H. Hempen
Truman Talley Books; Published: 2006-03-07; Hardcover; Book
Best price: $12.88
Price in other shops:
The Strategic Bond Investor: Strategies and Tools to Unlock the Power of the Bond Marketby Anthony Crescenzi, Mohamed El-Erian
McGraw-Hill; Published: 2010-06-21; Hardcover; Book
Best price: $22.21
Price in other shops:
Bonds Now!: Making Money in the New Fixed Income Landscapeby Marilyn Cohen, Christopher R. Malburg, Steve Forbes
Wiley; Published: 2009-12-09; Hardcover; Book
Best price: $11.10
Price in other shops:
Bond Investing For Dummiesby Russell Wild
For Dummies; Published: 2007-10-01; Paperback; Book
Best price: $12.49
Price in other shops:
The Complete Guide to Investing in Bonds and Bond Funds: How to Earn High Rates of Returns - Safelyby Martha Maeda
Atlantic Publishing Company (FL); Published: 2009-01; Paperback; Book
Best price: $14.81
Price in other shops:
The Bond Book, Third Edition: Everything Investors Need to Know About Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and Moreby Annette Thau
McGraw-Hill; Published: 2010-10-27; Hardcover; Book
Best price: $18.74
Price in other shops: