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Author: imcharliehm Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35392  
Subject: Re: Learning attempts Date: 10/26/2002 7:02 PM
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I'l let Chris do her level-headed spiel about the consequences of buying at premium -- or just do a search of her past messages-- and, instead, comment on "yields", of which there are many: to maturity, to call, current, lowest, etc. The easiest way to sort them out is to get a good introductory bond book and read it like you would any textbook, with a high-lighter in one hand and a pencil/pen in the other for notes.

My favorite to recommend is Sharon Wright's Getting Started in Bonds. Others prefer Annette Thau. Amazon or B&N will list a half dozen more. Don't hesitate to use a book shopping bot and to search out used copies.

After you've worked your way through one intro, try Fabozzi's <Handbook of Fixed Income Securites, any edition. (The older ones can be found cheaply.) And, of course, don't hesitate to borrow through ILL when your local library, predictably, doesn't have th enext book you'll need, which is Barnhill's book on high yields, not because you want to buy them, but because -- as I keep saying in this forum-- the book does a really good job of talking about how the bond market really works and the things investors need to be aware of if they buy their own individual bonds (as opposed to throwing themselves on the mercies and vagaries of the fundies).

Charlie
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