Chip,
Most of my adult life I've traded and invested in stocks, but never bonds.
Recently I've become quite interested in purchasing bonds. What with inflation, rising energy costs, deficit spending, the middle east conflicts, terrorist threats, rising gold prices and the bond price inversion. Also, of considerable importance is the increasing liklihood that the Democrats will win the next election and the possibility that they will bring with them new governmental spending, social programs, and increased taxation.
For many of us who are turning increasingly pessimistic It occurs to me that a hedge for these events might be in order.
I was wondering if any posters here could recommend a link or a book which explains bond purchasing in some detail, and also covers what one might expect of bonds during bear markets, bull markets, inflation, deflation, rising and falling interest rates, corporate securities vs government securities; and pretty much all the things that one would want to know about fixed income securities.
Thanks & best regards |
