Aces High Bulletin Board

General Forums => The O' Club => Topic started by: davidpt40 on July 30, 2003, 09:06:20 PM

Title: Anyone know about junk bonds?
Post by: davidpt40 on July 30, 2003, 09:06:20 PM

I read a little blurb about junk bonds a few days ago so I decided to check them out.  Interest rate on some of these bonds are pretty high.  Delta Airlines is paying 11% for 3 years.

Are junk bonds worth the risk or do most of them end up not returning any money?

Title: Anyone know about junk bonds?
Post by: Habu on July 30, 2003, 09:15:25 PM

In a word No they are not worth the risk.

If you really want to invest in them try a fund like that High Yield Bond Fund (symbol HYB.TO) on the Toronto Stock Exchange. It pays about 10% and is heavily diversified so if some of the bonds default you have not lost your whole investment.

Title: Anyone know about junk bonds?
Post by: Gadfly on July 30, 2003, 09:41:25 PM

Go to Vegas-at least you will get free drinks and tits.