Wealthy Habitat

Learning paths

The other half of a portfolio

For someone who owns stock funds and is unsure what bonds are for.

0 of 3 read

  1. Step 1
    Inflation: the quiet subtraction

    A number that grows can still buy less. Real return is what you earned minus what prices did, and the arithmetic is slightly less obvious than subtraction.

    6 min
  2. Step 2
    Bonds and Treasuries: lending money, with a price that moves

    A bond is a loan you make. The interest is fixed, the price is not, and the relationship between the two confuses nearly everyone the first time.

    11 min
  3. Step 3
    Spreading it out and betting big: what each one protects you from

    Owning many things removes one kind of risk and leaves another one completely untouched. Knowing which is which keeps the word from turning into a slogan.

    8 min

Progress is kept with the rest of your place. A path is a suggested order, not a curriculum you must finish.