Bonds for Canadians: how to build wealth and lower risk in your portfolio

Bonds may not be as sexy as stocks, but they cannot be ignored as an essential part of any investing portfolio. While they may not be the way to immediate riches, the ability of bonds to retain their value in periods of massive stockmarket meltdowns makes them crucial portfolio insurance for everyone, and even lifejackets for some investors. Estimated at over $30 trillion, the international bond market is now arguably the largest capital market in the world. Buoyed by a twenty-year slide in interest rates, the bond market has for a long time produced extraordinary returns for bond investors. However, those days of easy money in the bond markets appear to be over as interest rates are once again on the rise. In the coming years, investors will have to be very astute tomake money in a much tougher bond environment. Knowing one’s way around the bond market is essential for investors, but bonds remain a mystery to many. They can provide steady income and safer returns than stocks, but more exotic varieties of bonds can be extremely risky. As the bond market has grown to include bond futures, global bonds, and bond derivatives, the market has expanded and added huge amounts of risk as well as leverage. This book introduces you to all forms of bond investing, to Canadian debt markets and global bonds, the unique risks of bonds, and explains how to manage that risk successfully. Bonds do have the potential to make investors rich and the capacity to destroy thosewho do not understand the risks they take in this most mysterious of financial markets. Award-winning financial journalist Andrew Allentuck pulls back the veil on bonds and reveals them for what they truly are: stable, predictable, reliable investments that are an essential component in any well balanced portfolio. Andrew Allentuck is an award-winning financial journalist. He currently writes the "Financial Facelift" feature for The Globe and Mail and a column on fixed income investing for Investment Executive magazine. He has been covering mutual fund investing for the Globe since 1988 and contributes "Stockpickers" on mutual funds for GlobeinvestorGOLD.com. Previously, he was a financial newsreporter for the Financial Post. His monthly columns in The Financial Post Magazine won a National Business Writing Award in 1981. Allentuck has been a contributor to other periodicals, including Canadian Business, Maclean’s, Reader’s Digest, and Report on Business Magazine. As a broadcaster, he hosted a consumer affairs show on NPR. Turning to finance, he was business commentator on CKY-TV. Allentuck is author of several books on economics including Consumer Choice, Who Speaks for the Patient? and The Cost of Age. He has taught economics and economic history at several universities in the United States and Canada. Andrew lives in Winnipeg with his partner Heather and Buddy the golden retriever. INDICE: Preface. Chapter 1: Bonds: A Matter of Definition. Chapter 2: The Seduction of Risk. Chapter 3: Taking a Measure of Credit. Chapter 4: Alternative Bonds. Chapter 5: Global Bonds: A Tale of Promises and Defaults. Chapter 6:What’s a Bond Worth? Chapter 7: Bond Funds. Chapter 8: Bond Trading Tactics. Chapter 9: The Future Environment for Bonds. Chapter 10: Bond Strategies. Bibliography.

• ISBN: 978-0-470-83691-0
• Editorial: John Wiley & Sons
• Encuadernacion: Rústica
• Fecha Publicación: 09/12/2009
• Nº Volúmenes: 1
• Idioma: Inglés