Bondage
Bonds are supposed to be the safest investment vehicle out there, right? Wrong. While bonds have proven to outperform stocks during certain cycles, they can also be money-losers. Like the long-term government bonds in the late 1970s. Bonds are, after all, IOUs that companies and governments issue when they need money for operations or projects. They pay you interest, also known as a yield, as long you own the bonds, and you get your investment back when the bonds mature. You can buy them from a broker or directly from the government. It's best to pick A-rated bonds and go tax-free if you can. GimmeCredit provides some of the best independent research out there {note: requires paid subscription to access pertinent information).
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