Bond Investing Master Class - How to Invest in Fixed Income
Money For the Rest of Us
J. David Stein
4.5 • 1.4K Ratings
🗓️ 25 January 2023
⏱️ 40 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
What you need to know to confidently invest in bonds.
Topics covered include:
- Key components of bond investing include face value, coupon rates, yield-to-maturity, duration, and convexity
- How to decide between owning longer-term or short-term bonds
- How to decide whether to own individual bonds or bond funds and ETFs
- When to use active bond management versus bond indexing
- How bullet bond ETFs work and when to use them
- How to know when to invest in municipal bonds and corporate bonds
- When should you own foreign bonds
- Should you own bonds in taxable or tax-deferred accounts
- A bond case study based on current interest rates
For more information on this episode click here.
Sponsors
Money Pickle - Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation. Go here to schedule your free session.
Fundrise - The largest direct-to-investor alternative investment platform in the U.S.
Show Notes
A Complete Guide to Investing in I Bonds and TIPS—Money for the Rest of Us
Investments Mentioned
iShares 20+ Year Treasury Bond ETF (TLT)
Vanguard Short-Term Treasury ETF (VGSH)
iShares® iBonds® Dec 2025 Term Treasury ETF (IBTF)
iShares® iBonds® Dec 2025 Term Corporate ETF (IBDQ)
Vanguard Total Bond Market Index Fund ETF (BND)
Doubleline Total Return Bond Fund (DBLTX)
Related Episodes
337: Why in the World Would You Own Bonds?
378 Plus: A Frustrating Time To Invest and Did Bulletshares Underperform?
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Money for the Rest of Us. This is a personal financial on money, how it works, |
| 0:05.7 | how to invest it, and how to live without worrying about it. I'm your host David Stein |
| 0:10.6 | today's episode 418, we're having a Bond Investing Masterclass. |
| 0:17.0 | Bonds, also known as Fixed Income, are one of my favorite asset classes. As an institutional |
| 0:23.9 | investment advisor, I thoroughly enjoyed the research strips I took visiting bond managers |
| 0:29.6 | like PIMCO, Western asset management, and others. I spent over 15 years researching fixed |
| 0:35.8 | income strategies and managers, as well as explaining how bonds and bond management works |
| 0:42.4 | to my institutional clients. I managed institutional portfolios where fixed income and bonds were |
| 0:50.4 | a huge component of our decision process and the value we added. For the past nine years, |
| 0:56.7 | I've had the opportunity to teach about fixed income investing on this podcast and in our |
| 1:01.4 | membership community money for the rest of us plus. This past year, there's been a big |
| 1:06.9 | pick up in the questions we get about bonds. Now that interest rates are the highest |
| 1:12.2 | they have been in over a decade. Consequently, we thought it would be helpful to revisit |
| 1:17.6 | the principles of bond investing to help you make better, more confident decisions when |
| 1:22.9 | it comes to using bonds in your portfolio. Hopefully this will be a resource you can |
| 1:27.3 | go back to. Let's get started then. First, what are bonds? Bonds, which are also known |
| 1:34.7 | as fixed income, are debt instruments, issued by governments, corporations, and other entities |
| 1:41.4 | to raise money for new projects or ongoing operations. Bonds are essentially loans that |
| 1:47.4 | investors make to these entities. An investor can purchase newly issued bonds such as through |
| 1:54.2 | Treasury Direct, if you're a U.S. citizen, Treasury Direct Sales Government bonds at auction |
| 2:00.4 | to individual investors, and I suppose some corporations, or as an investor, you can |
| 2:06.7 | buy bonds that are already outstanding that have been issued already by them in the secondary |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from J. David Stein, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of J. David Stein and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.