Reddit reviews The Bond Book, Third Edition: Everything Investors Need to Know About Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and More
We found 4 Reddit comments about The Bond Book, Third Edition: Everything Investors Need to Know About Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and More. Here are the top ones, ranked by their Reddit score.
This is what I consider the Fixed Income Bible. It's literally written so anyone from professionals to newcomers can understand. I've also seen professionals use it as reference guide.
After reading that, move to this one. FI is all about rates and understanding rate derivs is an important aspect for trading them. This book'll show you how IRS are priced, swaptions, etc. Good one too and high recommend.
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If you're looking for more esoteric material, that's only published by the big banks like JPM, DB, BofAML, etc.. Hard to find it on Amazon.
TDAmeritrade or TDA ThinkorSwim?
When you learn a little more you just go to the SEC EDGAR and type in the company ticker and then find filing 424B2. That will give you the CUSIP and you can then get the bid/ask from TD Ameritrade.
for example, your coke bonds:
http://www.sec.gov/Archives/edgar/data/21344/000104746915008023/a2226325z424b2.htm
Edit: I would start here:
http://finra-markets.morningstar.com/BondCenter/
to learn more about bonds:
http://www.investinginbonds.com/
http://www.amazon.com/The-Bond-Book-Third-Edition/dp/007166470X
I won't buy individual bonds (aside from Treasuries) at this point. It'll take way too much money to build a diversified portfolio of them. And as we see from running through the numbers, there's just not much opportunity in that space. Leave it to the pros to pick bonds. If a bond gets issued today with an 8% coupon, best to just run away from it.
Right now, I'm primarily in Treasuries in the forms of VGLT and VCLT. Corporate exposure through VCLT and VCIT. Real exposure with VTIP. I shrinking pile of of SHV too, but I hold that as an alternate to cash.
And i own a growing pile of DHY (High Yield), but I don't even consider it "bonds" in my mind - just a alternate type of equity exposure, as that's what high yield is most correlated to.
Oh, and /u/juanlee337 - if you want to learn more about bonds before sinking $100,000 into them, I'd suggest getting The Bond Book from Amazon. It's $22.56, far cheaper to learn the basics that way.
> A banker once told me the bond yield curve has way more impact on the economy than the latest sexy stock tip.
It does. Bonds can also be exceedingly complex and murky.
Here's a pretty comprehensive book: https://www.amazon.com/Bond-Book-Third-Everything-Professional/dp/007166470X/ref=sr_1_1?s=books&ie=UTF8&qid=1501083708&sr=1-1&keywords=bonds