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URL:  http://boards.fool.com/deltaone81-my-respect-for-you-is-reciprocal-you-24369830.aspx

Subject:  Re: Bond Brokers & Bond Desks Date:  7/20/2006  4:50 PM
Author:  imdajunkman Number:  17610 of 35909

DeltaOne81,

My respect for you is reciprocal. You do good, careful work. If what I said doesn't make sense to you, then it likely doesn't make sense to me, either, or anyone else. Not a problem.

A better restatement might be: Is this particular bond riskier than that particular stock? Answering that question depends on defining "risk". But I'm going to do the cowardly thing of not going there and simply report my own experience. I'm a crap stock investor, but I'm a decent bond investor. In my own life, for my own purposes, bonds provide me with rewards that aren't inferior to what the rearview-looking theorists say I could achieve for myself in stocks, which is why I made the appeal to mutual funds. Call the broad stock market “normal risk”. Back off one notch and call that ”conservative”. Compare conservative to multi-spectrum and what do you see? Equi