What Is It About?
The book discusses the benefits of income investing. Looking at different income securities such as bonds, REITs, preferreds, and convertibles, the author covers various ways to invest for income. The book also does a good job of introducing the new investor to how income securities are priced and how they trade. Overall, a solid text on fixed income investing.
What Did I Get Out Of It As A New Investor?
Income investing is a lot like riding a moped. It can be a lot of fun, you just don’t want your friends to see you doing it.
The Good News
A good book which explains in an understandable manner to the new investor the various types of fixed income securities and how they operate.
The Bad News
The book states at the outset it does not endeavor to provide a comprehensive review of all things related to fixed income securities. Therefore, while this is a good book for the beginning investor in fixed income securities, at some point investors will need to seek out additional materials to further their education.
The Bottom Line
I came away more knowledgeable about fixed income securities and believe it is a good book for those looking to gain knowledge on fixed income securities.
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