---
product_id: 12459868
title: "The Only Guide to a Winning Bond Strategy You'll Ever Need: The Way Smart Money Preserves Wealth Today"
price: "€ 39.92"
currency: EUR
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reviews_count: 10
url: https://www.desertcart.it/products/12459868-the-only-guide-to-a-winning-bond-strategy-youll-ever
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region: Italy
---

# The Only Guide to a Winning Bond Strategy You'll Ever Need: The Way Smart Money Preserves Wealth Today

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## Description

The Only Guide to a Winning Bond Strategy You'll Ever Need: The Way Smart Money Preserves Wealth Today [Swedroe, Larry E., Hempen, Joseph H.] on desertcart.com. *FREE* shipping on qualifying offers. The Only Guide to a Winning Bond Strategy You'll Ever Need: The Way Smart Money Preserves Wealth Today

Review: Great Bond Book - I am a big fan of Larry Swedroe's books, and his postings on the Diehards dot Org website (desertcart does not allow links or web site addresses in these reviews). I used this book to contrast and compare Larry's asset class recommendations to Rick Ferri, and great author of many books. I was a little surprised that Larry does not like Vanguard's Total Bond fund (VBMFX) because it contains 33% Mortgage Backed Securities (MBS). Larry would recommend other Vanguard short term bond funds which do not include any MBS like the Short Term Bond Index fund (VBISX) and the Intermediate Term Bond Index fund (VBIIX). I already knew Larry was an advocate of including commodities in the form of PCRIX in your portfolio. Rick Ferri contends that commodities should not be included in your portfolio because they lower your portfolio return. Larry also disagrees with two other Ferri recommendations, high yield (junk) bonds like Vanguard's High Yield fund (VWEHX) and emerging market bonds like Payden's PYEMX. Larry contends the rewards of junk bonds are not worth the risk and emerging market bonds behave too much like stocks. Larry's book does a great job of teaching how to use bonds in a passive index approach to investing. The Richest Man in Babylon Bogle on Mutual Funds: New Perspectives for the Intelligent Investor The Millionaire Next Door The Four Pillars of Investing: Lessons for Building a Winning Portfolio A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing, Ninth Edition The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On With Your Life The Bogleheads' Guide to Investing
Review: Great overview of the bond market and investing in bonds - I bought this book because I was overwhelmed by the number of options in the bond market. Swedroe breaks down the entire fixed income market into categories and then details the advantages and disadvantages of each type of investment. He details "bond speak" so you can decipher the lingo used in the fixed income world, and shows you how to calculate and use yield to maturity, yield to worst, average duration, etc. The closing chapters show you how to use the knowledge of the different options to put together the fixed income part of your portfolio. Note that all of Swedroe's books that I have read so far advise a passive/rebalancing approach to investing. If you think you can beat the market, his books may not be for you. In addition, each of his books preach the gospel of efficient markets, so there is some repetition among them. Finally, this book was written in an era (pre QE) with higher interest rates, and some of his "rules of thumb" (e.g. require at least 20 basis points per year of duration to increase the length of your investment) will today result in very long term bond investments, which may not be ideal in this environment. For those reasons, I gave it 4 stars instead of five. But I highly recommend this book.

## Technical Specifications

| Specification | Value |
|---------------|-------|
| Best Sellers Rank | #388,185 in Books ( See Top 100 in Books ) #71 in Education Funding (Books) #853 in Introduction to Investing #1,045 in Budgeting & Money Management (Books) |
| Customer Reviews | 4.3 4.3 out of 5 stars (116) |
| Dimensions  | 6 x 0.75 x 9 inches |
| Edition  | First Edition |
| ISBN-10  | 0312353634 |
| ISBN-13  | 978-0312353636 |
| Item Weight  | 1.1 pounds |
| Language  | English |
| Print length  | 272 pages |
| Publication date  | March 7, 2006 |
| Publisher  | Truman Talley Books |

## Images

![The Only Guide to a Winning Bond Strategy You'll Ever Need: The Way Smart Money Preserves Wealth Today - Image 1](https://m.media-amazon.com/images/I/71hgicumDBL.jpg)

## Customer Reviews

### ⭐⭐⭐⭐⭐ Great Bond Book
*by A***. on March 1, 2008*

I am a big fan of Larry Swedroe's books, and his postings on the Diehards dot Org website (Amazon does not allow links or web site addresses in these reviews). I used this book to contrast and compare Larry's asset class recommendations to Rick Ferri, and great author of many books. I was a little surprised that Larry does not like Vanguard's Total Bond fund (VBMFX) because it contains 33% Mortgage Backed Securities (MBS). Larry would recommend other Vanguard short term bond funds which do not include any MBS like the Short Term Bond Index fund (VBISX) and the Intermediate Term Bond Index fund (VBIIX). I already knew Larry was an advocate of including commodities in the form of PCRIX in your portfolio. Rick Ferri contends that commodities should not be included in your portfolio because they lower your portfolio return. Larry also disagrees with two other Ferri recommendations, high yield (junk) bonds like Vanguard's High Yield fund (VWEHX) and emerging market bonds like Payden's PYEMX. Larry contends the rewards of junk bonds are not worth the risk and emerging market bonds behave too much like stocks. Larry's book does a great job of teaching how to use bonds in a passive index approach to investing. The Richest Man in Babylon Bogle on Mutual Funds: New Perspectives for the Intelligent Investor The Millionaire Next Door The Four Pillars of Investing: Lessons for Building a Winning Portfolio A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing, Ninth Edition The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On With Your Life The Bogleheads' Guide to Investing

### ⭐⭐⭐⭐ Great overview of the bond market and investing in bonds
*by H***G on January 17, 2014*

I bought this book because I was overwhelmed by the number of options in the bond market. Swedroe breaks down the entire fixed income market into categories and then details the advantages and disadvantages of each type of investment. He details "bond speak" so you can decipher the lingo used in the fixed income world, and shows you how to calculate and use yield to maturity, yield to worst, average duration, etc. The closing chapters show you how to use the knowledge of the different options to put together the fixed income part of your portfolio. Note that all of Swedroe's books that I have read so far advise a passive/rebalancing approach to investing. If you think you can beat the market, his books may not be for you. In addition, each of his books preach the gospel of efficient markets, so there is some repetition among them. Finally, this book was written in an era (pre QE) with higher interest rates, and some of his "rules of thumb" (e.g. require at least 20 basis points per year of duration to increase the length of your investment) will today result in very long term bond investments, which may not be ideal in this environment. For those reasons, I gave it 4 stars instead of five. But I highly recommend this book.

### ⭐⭐⭐⭐⭐ Bonds made clear
*by J***S on March 23, 2006*

This book strikes an unusually nice balance between comprehensive treatment of the subject and a style understandable by the average investor. Swedroe and Hempen's explanation of the pitfalls of the secondary bond market is particularly valuable, and the advice on Treasury Inflation Protected Securities more than paid for my copy. It's a great complement to Swedroe's first book ("The Only Guide to a Winning Investment Strategy You'll Ever Need"), which lays out Modern Portfolio Theory, but does not go into different types of bonds or the mechanics of the bond market in any depth. While Swedroe's advocacy of Modern Portfolio Theory comes across, I doubt that any reader would understand this theory from the book on bonds. The book ends with short, informative appendices on callable bonds and TIPS, plus a glossary that's particularly valuable because of the arcane terminology used in the bond market.

## Frequently Bought Together

- The Only Guide to a Winning Bond Strategy You'll Ever Need: The Way Smart Money Preserves Wealth Today
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*Last updated: 2026-03-05*