"I have no idea what you/that means! --But I did start reading the Bond book, again."


Liz,

Wright's intro to bonds isn't a book that you read. It's a book that you study, pencil in hand, making notes, underlining key points, with a calculator at hand, checking every example she gives. Than, having gotten though the book once, you go back and go through it again.

For sure, such prep isn't necessary if you don't mind losing money or, at least, not making effective use of the obvious fixed-income opportunities there currently are. What's the alternative? Letting someone else make your investing decisions for you. But you already know how well that works. Don't try to work your way through the book in one sitting. Study it one chapter at time, and don't skip a day of study.

Right now, due to the usual stupidity and arrogance of banksters, SVB is blowing up markets, and it's doubtful the Fed/Treasury cartel will offer an effective solution Monday morning, because they are the prime cause of the structural problems. But that doesn't mean that we ants should let ourselves be trampled by the elephants. It does mean we gotta understand how what they've done will impact us, and that means understanding how markets work, which means understanding its basic terms and concepts, which means study, study, study and then a lotta practice.

Charlie