The lessons
- 6.1
What a bond actually is
You're the lender, not the owner. Everything else follows from that.
- 6.2
Why bond prices fall when rates rise
The one relationship that explains most bond news.
- 6.3
Government, corporate, high yield
Same instrument, three very different questions about getting paid back.
- 6.4
Bond funds vs individual bonds
A bond matures. A bond fund never does.
- 6.5
Cash, and the real return after inflation
The safest holding still has a way of losing.
- 6.6
REITs: property income without a mortgage
What a REIT must pay out, and why its dividend is taxed differently.
- 6.7
Gold and commodities
No earnings, no dividend, no cash flow. What they're actually there for.
- 6.8
Infrastructure, renewables and other income trusts
Long contracts, inflation linkage, and where the income comes from.
- 6.9
Private assets, VCTs and EIS — the illiquid end
Tax reliefs attached to holdings you may not be able to sell.
- 6.10
How asset classes have behaved differently
What the record shows about them moving together — and not.
Educational content only. It is not personal financial advice.