June 20, 2009

Future option trading - On the record, bonds are far more popular than preferred stock (which is regarded as a sort of hybrid between a bond and a common stock).

Both securities are valued primarily for safety and stability. They won't make you rich but they can keep you from getting poor. They have some first cousins, however, the convertibles, which are far more flamboyant. They'll be discussed in chapter VII. Resume 1.If you're ultra conservative and dislike wide fluc- tuation in securities”buy bonds.

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