02-27-2022, 12:36 AM
Bonds and Distressed Investing
<!-- SC_OFF --><div class="md"><p>Hello all!</p> <p>I would say I have a very good foundation on equity research particularly based on the basics of reading a financial statement. I have been trying to read as much about the investing side of accounting and business valuation. Besides this I have also been incorporating a value-based approach reading Graham, Buffet, Greenblatt and many other value based investors. </p> <p>Reading some of these individuals, I see that I only have a rudimentary knowledge of bond investing. I have read some basic bond books such as "The Bond Book by Thao." This book helped me to have a basic knowledge of bonds and the hierarchy of the rating by credit agencies as well as how bonds are affected by interest rates and how they have performed historically, as well as the risks and dangers of different bond types such as government, municipals, and corporate bonds, as well as junk bonds.</p> <p>However, I want to get into a much deeper understanding of how to invest in bonds. Are there any good bond screeners? I also find it difficult trying to find the CUSIP of specific bonds. I feel that finding ticker symbols has been much easier. Do you guys use any tools that help you find different individual bond CUSIPS? </p> <p>I would also like to be able to have a better knowledge of how to value specific bonds such as corporates. I have been reading <em>Security Analysis,</em> which covers this to some extent, but I feel that the language is a bit outdated and a lot of times I am finding myself trying to find out the terminology he employs. Are there any good books, videos, or resources on individual bond analysis? </p> <p>Lastly, how about distressed investing such as investing in bonds of bankrupt companies? Reading Klarman and Greenblatt's chapters on investing in bankruptcy and fallen angels and so, I also want to get familiarized with this field. Yes, I know the dangers of this, but I still at the very least want to know how people analyze investing in distressed companies. </p> <p>Are there any good places to start or resources to follow that you are aware of, such as books, videos, courses, websites, and tools that you are aware of?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Crazrwire999"> /u/Crazrwire999 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/t26ovy/bonds_and_distressed_investing/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/t26ovy/bonds_and_distressed_investing/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Hello all!</p> <p>I would say I have a very good foundation on equity research particularly based on the basics of reading a financial statement. I have been trying to read as much about the investing side of accounting and business valuation. Besides this I have also been incorporating a value-based approach reading Graham, Buffet, Greenblatt and many other value based investors. </p> <p>Reading some of these individuals, I see that I only have a rudimentary knowledge of bond investing. I have read some basic bond books such as "The Bond Book by Thao." This book helped me to have a basic knowledge of bonds and the hierarchy of the rating by credit agencies as well as how bonds are affected by interest rates and how they have performed historically, as well as the risks and dangers of different bond types such as government, municipals, and corporate bonds, as well as junk bonds.</p> <p>However, I want to get into a much deeper understanding of how to invest in bonds. Are there any good bond screeners? I also find it difficult trying to find the CUSIP of specific bonds. I feel that finding ticker symbols has been much easier. Do you guys use any tools that help you find different individual bond CUSIPS? </p> <p>I would also like to be able to have a better knowledge of how to value specific bonds such as corporates. I have been reading <em>Security Analysis,</em> which covers this to some extent, but I feel that the language is a bit outdated and a lot of times I am finding myself trying to find out the terminology he employs. Are there any good books, videos, or resources on individual bond analysis? </p> <p>Lastly, how about distressed investing such as investing in bonds of bankrupt companies? Reading Klarman and Greenblatt's chapters on investing in bankruptcy and fallen angels and so, I also want to get familiarized with this field. Yes, I know the dangers of this, but I still at the very least want to know how people analyze investing in distressed companies. </p> <p>Are there any good places to start or resources to follow that you are aware of, such as books, videos, courses, websites, and tools that you are aware of?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Crazrwire999"> /u/Crazrwire999 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/t26ovy/bonds_and_distressed_investing/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/t26ovy/bonds_and_distressed_investing/">[comments]</a></span>Kind Regards R