This is the eBook version of the printed book.
This Element is an excerpt from Higher Returns from Safe Investments: Using Bonds, Stocks, and Options to Generate Lifetime Income (9780137003358)by Marvin Appel. Available in print and digital formats.
How to accurately evaluate the risks associated with bond investing.
Although the public considers bonds to be safe--and for the most part this reputation has been justified--in 2008 and early 2009, some areas of the bond markets experienced unprecedented losses. Your goal is to avoid the potential minefield that is today’s bond market. Drawdown is a visually intuitive way to measure risk. A drawdown is....