This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 edition. Excerpt: ...of results may as well leave these bonds which have an extra high current income to other investors who place exceptional weight on that point. The bonds having a low current annual income but a higher yield according to the bond tables are more to his advantage in the end. Or, to come at the matter from the opposite direction, bonds paying a low rate of interest are likely to be a better bargain than bonds paying a high rate of interest but showing the same yield. A 4% bond yielding 6% is likely, other things being equal, to be a better bond than a bond yielding 6%. A 4% bond yielding 6% is probably entitled to as good an investment rating as a 6% bond yielding 5.75% or even less. The investor will of course bear in mind that this is only one element in bond values. I have discussed it rather fully because it has heretofore been neglected. Especially, the reluctance of many investors to buy bonds selling considerably above par sometimes has an influence directly opposite to that here discussed. Effect of Taxation on Bond Values The state of affairs in regard to the taxation of bonds, considering the country as a whole, can only be described as a disgraceful mess. In nearly all states bonds are considered as intangible personal property and as such are subject to_ the regular personal property tax, which is sometimes so high that it becomes an important factor. But many owners of bonds have a way of forgetting that bonds are personal property when the tax assessor comes around--in fact, there are very few subjects in regard to which memory is more treacherous. It is also to be borne in mind that the rate per cent. of the personal property tax in any locality, when taken alone, does not tell what the taxes are. The rate of assessment is...

Excerpt from The A B C of Bond Buying: How the Ordinary Judge Bond Values The principal object of these chapters is to aid the average investor in getting a working knowledge of the principles of bond buying which will be a practical help to him in making his investments. At the same time a number of points are brought out which are not without an element of novelty. They have occurred to other students of the subject but have not been emphasized and in some instances have not previously found their way into print. In order to make the book as comprehensive as possible some chapters have been very much condensed but it is believed that they will be easily intelligible to the careful reader. Generally speaking, the book is based more on the writer's actual experience in dealing with investors than upon the researches of other students of the subject. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Everything on Treasuries, munis,bond funds, and more! The bond buyer’s answer book—updated for the new economy “As in the first two editions, this third edition of The Bond Book continues to be the idealreference for the individual investor. It has all the necessary details, well explained andillustrated without excessive mathematics. In addition to providing this essential content, itis extremely well written.” —James B. Cloonan, Chairman, American Association of Individual Investors “Annette Thau makes the bond market interesting, approachable, and clear. As much asinvestors will continue to depend on fixed-income securities during their retirement years,they’ll need an insightful guide that ensures they’re appropriately educated and served.The Bond Book does just that.” —Jeff Tjornejoh, Research Director, U.S. and Canada, Lipper, Thomson Reuters “Not only a practical and easy-to-understand guide for the novice, but also a comprehensivereference for professionals. Annette Thau provides the steps to climb to the top of the bondinvestment ladder. The Bond Book should be a permanent fixture in any investment library!” —Thomas J. Herzfeld, President, Thomas Herzfeld Advisors, Inc. “If the financial crisis of recent years has taught us anything, it’s buyer beware. Fact is, bondscan be just as risky as stocks. That’s why Annette Thau’s new edition of The Bond Book isessential reading for investors who want to know exactly what’s in their portfolios. It alsoserves as an excellent guide for those of us who are getting older and need to diversify intofixed income.” —Jean Gruss, Southwest Florida Editor, Gulf Coast Business Review, andformer Managing Editor, Kiplinger’s Retirement Report About the Book The financial crisis of 2008 causedmajor disruptions to every sector ofthe bond market and left even the savviestinvestors confused about the safety oftheir investments. To serve these investors andanyone looking to explore opportunities infixed-income investing, former bond analystAnnette Thau builds on the features and authoritythat made the first two editions bestsellersin the thoroughly revised, updated, andexpanded third edition of The Bond Book. This is a one-stop resource for both seasonedbond investors looking for the latest informationon the fixed-income market and equitiesinvestors planning to diversify their holdings.Writing in plain English, Thau presentscutting-edge strategies for making the bestbond-investing decisions, while explaininghow to assess risks and opportunities. She alsoincludes up-to-date listings of online resourceswith bond prices and other information.Look to this all-in-one guide for information onsuch critical topics as: Buying individual bonds or bond funds The ins and outs of open-end funds,closed-end funds, and exchangetradedfunds (ETFs) The new landscape for municipal bonds:the changed rating scales, the neardemise of bond insurance, andBuild America Bonds (BABs) The safest bond funds Junk bonds (and emerging market bonds) Buying Treasuries without payinga commission From how bonds work to how to buy and sellthem to what to expect from them, The BondBook, third edition, is a must-read for individualinvestors and financial advisers who wantto enhance the fixed-income allocation of theirportfolios.

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