Joey: “So, Ross. If you had a million dollars, what’s the first thing you’d buy?”
Ross: “I’d probably get some municipal bonds, and then put the rest of the money in the bank and live off the interest.”
Joey: “Well, we’ve heard from Dr. Fun.”
– From Friends, Season 3 Episode 18: “The One with the Hypnosis Tape”
A bond is an investment to receive the repayment of a “loan” at a certain interest rate. The way you invest in bonds matters now more than ever because of low interest rates.
Bond mutual funds are attractive for ease of use, …Read More