A few weeks ago I started thinking about how to discuss investing with residents, as I have been half-invited to talk with them about financial topics.
I had planned to talk about investing, but realized there were a number of steps a person should go through first before committing money : first, making sure the investor actually has some money they can invest, and then explaining why risking their money in investments beats hiding cash under their mattress.
I have been putting off the discussion of investing–mostly talking about stocks and bonds–because the more I think about them, the more complicated they feel.
Last week I tackled an introduction to stocks, and this week I am attempting to tackle bonds.
Continue reading “Investing Step 1, Bonds”