Income investing : an intelligent approach to profiting from bonds, stocks and money markets Cover Image

Income investing : an intelligent approach to profiting from bonds, stocks and money markets / Jason Brady.

Summary:

Annotation GENERATE A STEADY STREAM OF INCOME--USING THE MONEY YOU ALREADY HAVEYou don't need to be ultra-rich or even moderately wealthy to look toward your nest egg for income.This step-by-step guide from leading investment manager Jason Brady will show you how to use your savings to build a steady income stream and compound returns over time. His strategies help you:Tap into the money-making potential of bondsReinforce your portfolio with income-producing assetsUnderstand how options affect your investmentsAvoid adverse outcomesPlan your retirement and reach your long-term goalsWhether you're a Baby Boomer or Gen Xer planning for the future, or a serious investor looking to learn more tricks of the trade, this detailed strategy guide will help you understand and choose the steadiest bonds, dividend-paying stocks, and low-risk securities on the market. Filled with specific examples, insider advice, and portfolio planning tips, it's your guide to today'scomplex marketplace.

Record details

ISBN: 9780071791113
ISBN: 0071791116
Physical Description: ix, 214 pages : illustrations ; 24 cm
Publisher: New York : McGraw-Hill, [2012]
Copyright: ©2012

Content descriptions

General Note:	Includes index.
Bibliography, etc. Note:	Includes bibliographical references (pages 205-208) and index.
Formatted Contents Note:	1 Investing for Income 5 -- Slow, but Steady 6 -- Yield and Investor Psychology 9 -- Introduction to Asymmetry of Returns 11 -- 2 Debt and the Cost of Money 15 -- History of Debt and Money 15 -- What Is a Bond? 18 -- Duration: A Measure of Time and Sensitivity to Change 19 -- Yield Curve: The Price of Money for Different Lengths of Time 23 -- When the Cost of Money Changes: The Basic Economics of Interest Rates 26 -- Federal Reserve 28 -- Key Economic Variables for Investors 31 -- Inflation versus Deflation, Today and Tomorrow 37 -- 3 Wide World of Bonds: Types of Markets and How to Look at Them 43 -- Amazing Variety of Fixed Income 43 -- Credit Ratings: Let's Get This Out of the Way 47 -- Trinity of Balance Sheets 52 -- Government Bonds: U.S. Treasuries, Foreign Governments, Municipal Bonds 52 -- Corporate Bonds 67 -- 4 Optionality and Selling the Upside 97 -- Yield Is a Terrible Measure of Return 98 -- Options Basics 102 -- Optionality in Fixed Income 106 -- Effects of Optionality on Investment 111 -- Yield as a Cushion 116 -- Normal Distributions and Overconfidence 117 -- Correlation and Feedback Loops 126 -- Examples of Asset Classes and Products That Illustrate Optionality 134 -- 5 Equities for Income 145 -- Upside Optionality and Volatility 148 -- Dividends versus Bond Yields 149 -- Dividend Payers Outperform 150 -- Go Global 153 -- It's Not Yield, It's Growth 155 -- Windstream versus China Mobile: High Yield versus Growing Yield 158 -- Income from Stocks...for the Long Run 160 -- 6 Banks: A Case Study 165 -- Mechanics of a Bank Balance Sheet 166 -- Banks as Investors 168 -- Liquidity and Solvency 173 -- Government Steps In 179 -- From Subprimes to Sovereigns: Banks in Europe versus Banks in the U.S. 180 -- 7 Toward a Sustainable Portfolio 185 -- Minksy's Financial Instability Hypothesis 186 -- Bottom Up: Margin of Safety 189 -- Top Down: The Market Environment 193 -- Portfolio Construction 194 -- Permanence of Capital 198 -- Reflexivity 200.