Book Review: Explore TIPS
One of the most prominent members of the Bogleheads Investment Forum goes by the moniker "The Finance Buff" and has written an excellent manual to investing in Treasury Inflation-Protected Securities titled Explore TIPS.
The book is a practical guide for the retail investor. It's written in clear and simple terms that even a bond novice should be able to follow. The author makes an important contribution, as there are few good books on investing in bonds and none devoted solely to TIPS. Besides my book The Only Guide to a Winning Bond Strategy You'll Ever Need, I know of only two others I would recommend.
- The Bond Bible by Marilyn Cohen
- The Bond Book by Annette Thau
While the book contains less than 130 pages, don't let its short length mislead you. It demystifies the world of TIPS and provides what you need to know to make good investment decisions. Whether you're going to invest in individual TIPS or buy them through a fund, you should read this book before investing.
More on MoneyWatch:
TIPS Update for November
With TIPS, Should You Buy, Hold or Sell?
Why the Concern over Negative TIPS Yields Is Overblown
How to Build a Bond Portfolio
Who's Smarter: Active or Passive Investors?
Hear Larry Swedroe discuss current investment trends and topics every Sunday at noon on 550 AM KTRS in St. Louis or streaming via the KTRS Web site. Can't catch the show? Download the podcast via www.investmentadvisornow.com or through the Buckingham Asset Management podcast page on iTunes.