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🏦 Money systems · Lesson 48
📜

Bonds — the safer cousin

Why grown-ups slowly add bonds with age.

The idea

A stock makes you a part-owner of a company. A bond is different — it's a loan you make to a company or government, and they pay you interest for borrowing it. Bonds grow slower than stocks but bounce around a lot less, so people add more of them as they get older and want steadier money. 📜

Words to know

Bond
A loan you make to a company or government that pays you interest, then returns your money later.
Face value
The amount a bond pays back to you when it ends (often $1,000).
Coupon
The yearly interest a bond pays, like 4% = $40 a year.
Maturity
The date a bond ends and you get your original money back.
Yield
The actual return on a bond based on the price you paid for it.
Principal
The original amount of money you lent or invested.
BND
A fund that holds the whole US bond market — a basket of many loans in one ticker.

Try it — no account needed

Your grandma is 70 and asks if she should put all her retirement savings in stocks. What do you say?

In the full lesson

  1. 1Make the call

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