Many of my friends tell me that when I tell them stories about work they just hear noise. I think this is due to 2 reasons (neither of which are that I’m a poor story-teller). The first being that there are so many different facets of the finance world that have their own specific language that people think the concepts are too difficult to understand simply because they don’t speak the language. The second is that finance-talk is all around us everyday, especially with the tumultuous market we’re dealing with, and everyone claims to be an expert. I’m no expert, just a specialist.
This blog is here to shed some light on one of the many fields in finance: fixed income. If you’re looking for stock advice, you’re in the wrong place because I don’t have it to give. I’m not Suzy Orman, I simply deal with fixed income all day long everyday and feel that more people would take advantage of the benefits if they understood bonds better. Bonds are not nearly as confusing as everyone thinks they are. The main problem is that most people think in dollar price instead of yield. Once the idea of securities being bought and sold on a yield basis sinks in, everything else comes along a bit easier. So we’ll see how it goes.
1 comment:
I love the idea of being a specialist not an expert. By being around the environment you are every day you get an understanding that others simply cannot replicate. Thanks for sharing your stories - I will definitely follow along.
Post a Comment