In Your Best Interest : The Ultimate Guide to the Canadian Bond Market

by Cunningham, W. H.

• ISBN13: 9781550025781
• ISBN10: 1550025783
• Format: Paperback
• Copyright: 2006-01-31
• Publisher: Ingram Pub Services

Summary

With over one trillion dollars in bonds outstanding, the Canadian fixed income market is enormous. In fact, its daily trading volume is almost five times that of the equity markets. Yet investors and even many financial advisors know little about it. The book demystifies the retail fixed income market, from the basics of a bond to the various products available to a full discussion of the mathematics of bonds and the bond market. It also provides useful tips on selecting the right advisor. 'In Your Best Interest' gives you the tools to meet your income and retirement needs by making the retail fixed income market less expensive, more accessible, and more efficient.

Table of Contents

ACKNOWLEDGMENTS	9	(2)
INTRODUCTION	11	(8)
CHAPTER ONE So, What's a Bond, What's the Bond Market, and How Does It All Work?	19	(18)
CHAPTER TWO So How Do I Get Started?	37	(15)
CHAPTER THREE Basic Math	52	(28)
CHAPTER FOUR The Products	80	(23)
CHAPTER FIVE Zero Coupon Bonds	103	(16)
CHAPTER SIX Building a Ladder to Success, or Why a Portfolio of Individual Fixed-Income Securities Is In Your Best Interest	119	(13)
CHAPTER SEVEN Attention GIC Shoppers!	132	(8)
CHAPTER EIGHT Bonds for the Speculator	140	(11)
CONCLUSION	151	(5)
APPENDIX A	156	(1)
APPENDIX B	157	(2)
GLOSSARY	159	(12)
SPECIAL THANKS	171