Understand Bonds & Gilts in a Day
Author: Ian Bruce
Format : 198 x 127 mm
Pages : 96
Price : Save 25% - normally £6.95
Second edition
Gilts, so called because of the gilt edged paper they were originally printed on, are issued by Government and Local authorities to finance the building of roads, schools, utilities, authority buildings, leisure facilities, etc. and to cover the national debt. Similarly, in private enterprise, companies often fund expansion or capital purchases through the issuing of corporate bonds.
In both cases the individuals or institutions who invest in the bonds are lending money to the government or company. In return they expect interest payments and a repayment of the principle loan. It sounds simple, but there are many elements of risk.
This handy title shows potential investors, and those with an interest in the bond markets, how to assess the potential risks and rewards, giving a simple to follow set of criteria on which to base investment decisions. Having shown the inexperienced investor how to go about buying bonds, it also teaches even the most arithmetically shy how to calculate the yield on a bond and plan an income based portfolio. The confusing terminology used in the bond market is clearly explained with working definitions of many terms and a comprehensive glossary.
For the more seasoned bond and gilt investor there are sets of bond strategies laid out so the reader can evaluate their holdings and pick a course of investment which best suits their needs. Using illustrations and examples Understand Bonds and Gilts in a Day shows how investors can guard against default by the issuer, diversify a portfolio to smooth delayed payments of interest, determine which bonds and gilts are carrying a premium and which a discount, avoid the liquidity risk of rising interest rates
Includes: · Simple Savings Bonds · Government or Gilt Edged Bonds · Shorts, mediums, longs and yearlings · Indexed Linked Bonds · Zeros · Undated stocks like War Loans · Corporate Bonds · Euro-Bonds · High-risk Junk Bonds · Bond Funds
Price: £5.21
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