Bonds Now!: Making Money in the New Fixed Income Landscape »

Marilyn Cohen is one of the top bond managers in the country. Her thirty-year financial career has included securities analysis, bond brokerage, and, for the last fourteen years, founder and CEO of Envision Capital Management. For over fourteen years, Marilyn Cohen has written the bond column in Forbes magazine. She also publishes the monthly Forbes Tax Advantaged Investor newsletter.

Chris Malburg is a popular business and finance writer. He is a CPA, has an MBA, and is a former partner at investment banking powerhouse Global Capital. Malburg is also founder and CEO of Writers Resource Group, Inc. Bonds Now! is his tenth book.

The credit meltdown has completely re-shaped the world of bond investing—from Treasuries, T-bills, and municipal bonds to corporate bonds and high-yield bond funds. Bonds have quickly become the safe haven of choice for investors. If you want your bond portfolio to profit from the new rules of engagement since the credit meltdown, but don't know how, then you've come to the right place.

Fixed income investing will never be the same. Bonds Now! identifies the most recent changes in the bond market. It links the new rules of profiting in the bond market with new survival methods and fresh buy/sell principles. This reliable resource combines them all to show individual investors just like you how to make smart bond investments in the post–credit crisis era. Bonds Now! doesn't waste time on the elementary basics. Instead, the authors—both seasoned pros—jump right in and show you how to build a safe bond portfolio designed to weather these turbulent economic times.

Filled with in-depth insights and practical advice, this timely book:

Walks you through the changing fixed income landscape and shows you exactly how to navigate through it

Highlights how to quickly analyze a bond, then use the results to execute your trade

Examines what it takes to build an impregnable fortress around your bond portfolio—one so strong that even incompetent legislators and greedy CEOs can't make it crumble

Reveals how to develop a sixth sense for trouble and rebalance your bond positions while there's still time

And much more

There is only one way to guarantee you're getting the right information—get it yourself. Bonds Now! shows you how and where. But, more importantly, this authoritative book clearly explains what to do with the information once you have it.

Read and use Bonds Now! as your guide to create a reliable fixed income stream. But wait, there's more. Forbes magazine is offering a FREE 3-month trial subscription to the Forbes Tax Advantaged Investor newsletter—an $87 value—FREE with the purchase of Bonds Now! See the last page for details.

Foreword Steve Forbes vii

Preface ix

About the Authors xii

Chapter 1 Portfolio Survival 1

Chapter 2 New Rules of Engagement 15

Chapter 3 Fortress Investing 31

Chapter 4 Bond Execution 45

Chapter 5 Learning from Mistakes 55

Chapter 6 Egos Gone Wild 67

Chapter 7 The Bond Rating Agencies 79

Chapter 8 How to Buy and Sell Bonds: Without Being Taken to the Cleaners 91

Chapter 9 Managing Your Bond Portfolio 107

Chapter 10 Horror Stories from the Bond Trenches 127

Chapter 11 Bond Analysis-How to Analyze an Issuer's Creditworthiness 139

Chapter 12 Mission-Specific Instruments 153

Chapter 13 Developing a Sixth Sense: Bet on the Unexpected, and Anticipate Its Coming 167

Chapter 14 Lessons Learned 179

Index 191