Product Description”A delightful instruction to the wonderful world of bonds for the non-professional investor, written in terms that you could explain to your mother-in-law; or that she could explain to you!” –Paul McCulley Managing Director and Fund Manager PIMCO, one of the world’s leading fixed-income managers “Michael Brandes has written a thorough, useful, and highly readable treatise on bonds. Investors seeking a balanced, diversified portfolio are advised to read it. ” –Tom Gardner Co-founder, The Motley Fool “This book cuts through the jargon and gets right to the point. A bond market primer that not only teaches the basics, but also is enjoyable to read. ” –Gregory Peters Head of Credit Strategy, Morgan Stanley “The title says it all. The book is to the point and easy to understand. I wish I had Michael’s so easy-to-understand reference to bonds years ago. ” –Alan R. Shaw Managing Director, U. S. Equity Research Smith Barney (a division of Citigroup) “Fixed income can be an enormously complex and confusing asset class–even for seasoned investment professionals–with a dizzying array of instruments and strategies. Fortunately, Brandes has done a marvelous job of pulling back the proverbial curtain, to unveil and demystify the bond market by breaking a complicated topic down into simple, manageable, and understandable building blocks. ” –Philip J. Orlando, CFA Senior Vice President and Senior Portfolio Manager, Federated Investors “Everything here about bonds is bite size and easy to digest. Pleasantly so. This book marks a clear path for individual investors to follow, and will fill you with many new insights. An extremely handy guide for anyone who wants to invest in bonds for safety and income. ” –John Tracy author of the bestselling book How to Read a Financial Report
Naked Guide to Bonds: What You Need to Know–Stripped Down to the Bare Essentials
I have only read chapter 19, on muni bonds, which was of most interest to me. However, on page 119, isn’t that an error where when calculating the TEY for the Treasury bond they divide by 1-(federal + state/local) tax rate? Shouldn’t that just be 1-(state/local) tax rate since Treasuries are not exempt from federal tax? It looks like they made a cut and past error, pasting in the denominator from the muni TEY calculation of the same page. The difference is 7. 9% vs what I think is the correct 5. 2%; a big difference.
Rating: 1 / 5
[Translate]
as everyone learned when the stock market bubble burst 2 years ago, diversification in your investment portfolio is an absolute necessity. yet what do you do if you know nothing about the bond market, my advice is read this book. Michael Brandes explains how the bond market works in laymans terms and does not overwhelm you with technical financial jargon. A great book for anyone interested in the bond side of investing.
Rating: 5 / 5
[Translate]
I highly recommend this book. It gives thorough and strait-forward information on every aspect of fixed-income investment vehicles. This is a great way to learn about this market if one is new to it.
Rating: 5 / 5
[Translate]
This is definitely a serious investment book, but written with a sense of humor. I was surprised how comprehensive it is, especially since it is only 240 pages. It’s certainly smaller than most other investment books around. But I guess that’s the point of making it “stripped down. ” As advertised, it eliminates all the financial jargon that you see in textbooks and is writtenso that you don’t feel lost halfway through any of the chapters. I also like that the author takes a practical approach, explaining exactly how to invest after you’ve learned the basics. I highly recommend Naked Guide to Bonds for anyone interested in learning about bonds and how the bond market works.
Rating: 5 / 5
[Translate]
New to The Bond Market? This Book’s for You!When I was given this book as a gift, I never expected to read it since I thought it would be too difficult to understand. But, it turns out that everything is explained in a straightforward way. It’s got lots of illustrations that aren’t too complicated and the chapters are short, so they’re easy to get through. I really liked the summary points at the beginning of each chapter and the way the author explained each type of bond and what makes them unique. This is a terric book for any amateur investor who wants to learn about bonds without having to take a course on it. I just wish there was a Naked Guide to Stocks!
Rating: 5 / 5
[Translate]