The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Bonds & Fixed Income Investments


Subject:  Smyrna GA Hosp Auth 6’s of ‘28 Date:  1/27/2013  2:16 PM
Author:  globalist2013 Number:  34728 of 35909

Back in the days when I was trying to learn my craft and had just a single account at TD Waterhouse --remember them? -- I was cold-called by a bond broker from a boutique. I don’t know how he got my name. But we got to talking, and he pitched Ultrapetrol’s bonds to me. I didn’t have any exposure. So I said I’d bite for five. So he did the trade, and I sent him the money to properly open an account. Shortly thereafter, the bonds were called, and I was out with a profit. So the next time he called, I was willing to bite again, and the account grew. Whenever he’d call, we’d chat a bit. He’d make his pitch, and I’d buy.

Predictably, pretty soon he was putting m