These Bonds Shouldn’t Be Available for “Individual Resale”

“Not for individual resale.” Ever see that label on a box of food, and scratch your head? Like who’s buying this big-mega bag of Chips Ahoy for the purpose of reselling the “individually packaged” helpings of cookies inside? While you and I have better things to do than deconstruct groceries, we also have better ways to make money than deconstructing perfectly good bond funds. My article about “preferred” shares a couple of weeks ago inspired a few questions. We’ve got a few adventurous income colleagues who are interested in unwrapping the perfectly good packaging we discussed. Let’s walk them back from this potential “Chips Ahoy moment” in a moment.… Read more