“Bonds: Locating and Understanding Information on Long-Term Debt.”
Document Type
Article
Keywords
bonds; CD's; muncipal bonds; securities
Publisher
Gale Academic OneFile
Publication Source
RQ
Rights Management
Copyright 1994 American Library Association
Abstract
It wasn't too long ago that many high-yielding but poorly secured bonds were tainted with the epithet "junk" and smart, safe nest-egg money went into bank-based certificates of deposit. And while it is true that even today a few CDs pay well, it is probably safe to say that, owing to low interest rates, bank-based investments seem less promising than do sound bonds. The continuing stream of bank failures, moreover, has lent some emotional impetus, despite some forms of deposit insurance, to the move of "nest egg" money out of banks toward highly rated, and seemingly safer, bonds. Added to this is the fact that interest on many municipal bonds gets favorable income tax treatment, particularly important in a time when many with enough income to invest significant sums fear added taxes. To paraphrase the ad campaign of one municipal bond fund: "It's not what you make, it's what you get to keep." To keep your clientele informed, may I suggest that you invest some time and perhaps some library capital on the recommendations of Colleen Anderson. While she does not offer guarantees of financial success to her customers, I, for one, find no "junk" and much soundness in what she has to say to reference and collection development librarians.
