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Bonds, Second Edition by Stan Richelson, Hildy Richelson

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CHAPTER 15

How to Buy Individual Bonds

A TOOL KIT

The most compelling reason to buy individual bonds is that bonds come due at a defined time. Unlike bond mutual funds of any kind, individual bonds pay their face value in cash at maturity. This distinguishing characteristic is a key ingredient in many aspects of financial planning. Need a large chunk of cash for a tuition payment on December 15, 2021? Buy a bond that matures on December 1, 2021. Planning to retire? Buy a continuing series of bonds so you may have principal available when needed. Looking for portfolio growth? Reinvest the interest payments. The reasons to buy individual bonds are compelling.

A frequent question investors ask is, how do you choose between buying bonds and bond ...

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