Bonds Explained Simply | Presentation and Q&A with Michael Lebowitz 

This is the best explanation I’ve ever heard. Passed finance classes and CPCU tests without true understating. It all comes together now.

Been trying to understand bonds for awhile and this was an excellent explanation. Thank you Adam! Always look forward to your interviews

Wow, my basic knowledge of bonds just exploded with this explanation and analogies. Thank you to both Adam and Michael for bringing this to the masses. I feel much better equipped to talk about this subject now.

Really love the deep dives like this. This really helped me understand bonds for the first time. Thank you!

Lebowitz was outstanding. Not many can articulate this complex subject so clearly.

Thank you Adam, Michael and everyone on and involved in producing this amazing content! Love the deep dives. Now I feel I'm actually starting to understand bonds! I found your channel a few weeks back and watch every video now. Fantastic content, superb guests, really useful and helpful. Thank you :-)

This was a great stream. Wish I could have watched it live. Got a lot of good information on bonds through this such as what does "Yield to Worst" mean. Also, it was nice when Michael went over the possible downside and upside of buying long bonds. Wonderful job overall. Hope to see more videos like this in the future.

I loved watching this video. Thank you Michael for your expertise. I want to invest in bonds so I think I now have a better understanding as to which direction I am comfortable with.

Thank you, Adam and Michael. Wonderful presentation with clear explanation. Please consider more presentations like this.

Michael did a superb job educating us about bonds, probably one of the best I've ever heard or read. And Adam was equally superb in the questions he posed.

You are absolutely correct. I look with a skeptical eye on advisors who did not live through the period around 1980. I had a 12.5% mortgage and I knew people with over 18% mortgages (ARMS). At the grocery store you saw generic label food as far as you could see. Black lettering on a white label. Beans, cigarettes, soup, you name it. I never thought we'd see home loans below 10%. The mortgage rates that people are whining about today seem like an incredible bargain to me. And the so-called 2008 "great recession" seemed very minimal compared to the late 70s malaise. Maybe due to change in the way the numbers are calculated? Who knows what the fed will do, but it seems unlikely they'll be able to follow through with the necessary tightening. The screaming will become unbearable. But let's face it. The real life inflation rate is about 17% and with the Taylor rule rates would need to be about 2% more than that to squash inflation. Seems unlikely that we'll make it to that point.

Part of the risk as well is inflation - yields. If inflation stays high and yields don't change, you're losing $ when waiting. Love this type of deep dive, keep them coming!

Awesome guest. I love the fact he's not trying to sell me anything, he's just an honest man.

Fantastic Adam. Mr. Lebowitz really explains things well; he would make a great teacher. And your timing is perfect Adam, as I have been delving into the world of bonds for the first time recently. thank you so much. Happy Thanksgiving : )

I love Mr. Leobowitz honesty. He admitted (as many of us should) that trading stocks and bonds during a high inflation environment is new to all of us (or at least those 60 and under)! Thank you sir! That has been a big component missing in all these financial conversations. The amount of inflation we are all experiencing is at 40 year highs.

This is really the best 101 course in bonds that I have watched in the RU-vid universe. There is so much opportunity in the bonds market now. Can you do a part 2?

Thank you for the channel and the great guests. Much appreciated.

This was a great presentation. My one comment is the treasury bond ETF’s like TLT and EDV already reflect the anticipated interest rate hikes in 2022 and 2023. The current price of a long term bond does not bake in these anticipated Fed rate hikes.

I am heavily into bonds, so this is the most interesting and informative interview. Bonds have been good for me for the last 20 years. Hope they hold up.

Fantastic. Love what you are putting out Adam. Incredibly smart and helpful.

Adam, you are doing A plus work lately. Really impressed by the quality of your videos and guests. I listen to Michael very closely so would recommend him as a future guest, very informative guy. As for other future programs, not sure if it's really specific to your channel theme, but would be very interested to see you interview some great technical traders - like in the Market Wizards books. Even if their particular styles of trading are not easily duplicated or transferable, I think their different approaches would make for some great interviews. Keep up the good work.

Thank You…. Really enjoyed the session! This helped bring more clarity to my understanding of bonds.

Thanks Adam and Michael....an outstanding primer!

What a great deep dive. Would love more from Michael!

This is one of my favorite videos you've done. Extremely useful content.

Bravo as usual for a calm, well balanced discussion about the current theme topic BONDS! This time, an accurate fundamental explanation about the inherent risks (interest/default) of ALL bonds (Treasuries, Corporate, Municipal). My question is...how can The Fed sustain 3.9% interest payments on reserves when the US Central Bank is technically insolvent? Is this the Black Swan that nobody currently sees including RIA? Printing base currency to cover independent agency operational payroll is not addressed in the Federal Reserve Act. Does the Federal Reserve Act need to be amended for these unconstitutional expenditures? I believe RIA'S US "Flight to Safety Textbook " might also need to be amended? Yes beyond simple, the but might be a serious real focus of another interview? How does a bankrupt buyer of last resort get capitalized? I opine it's Member Banks buy more shares?

Great breakdown! Thank you Michael and Adam.

Adam, you lead the best show of it's kind, hands down. Michael was so clear and relevant to what is ripening for the picking pretty soon. Thanks so much.

Great idea Adam and nicely explained by the guest!

Adam - excellent guest, topic and discussion. There are a lot of us that have not had a good understanding of bonds, this really helped to demystify the nuances of how bonds work. Thank you, and yes, similar topics are highly desired.

I finally understand bonds better. I've been confused about how they work for years. This was great! Thanks!

This is just what I've been waiting for! Thank you

Love it and I very much appreciate how Michael seems to know the limits of his own knowledge very well... if he'd write a book, I'd get it in a heartbeat.

Always great to hear from Michael, especially since he spent so many years in the belly of the beast.

Actionable info. Not too simplified or complex. I like these types of videos. How one on IPOs? Very intimidating subject.

I really enjoy your content as a student of Economics and trading. One suggestion for topic that can get confusing to just explain in words is to have motion infographics that can visualize these concepts in an easier to understand format.

Great introduction to bonds! Quality interview.

This channel is great, they don't teach anything like this in school and the way Wealthion interviews so many different people, you really gain so much more from all different perspectives.🙌

Thanks for having Mike back on Thank you for educating me on the bonds, I thought I knew what they were, but Mike just clarified things for me! Thanks Mike!!

Michael broke down the issue of bonds very well. The Fed has totally obliterated them for the past year. Great talk, gents!

Just can't thank enough these two brilliant individuals!

That was an EXCELLENT explanation on bonds. Like "bonds 101"....... for me that was perfect. Thanks.

Thanks for the great video, Adam (and Michael for breaking it down so clearly). I did notice the tip about finding a financial advisor on Wealthion, but unfortunately the service is only available in the US; that's a shame. Anyway, thanks again and keep up the great work!

Thanks bunches to Michael and to Adam. Can you do a show on BDCs (Business Development Corporations)?

Excellent breakdown of bonds in simple terms 👍

Great discussion. More 101 videos please!

Good informational session about bonds, good job! I would love to see similar videos like this

Excellent explanation. Learned a lot.

No mention of Tip 's. I find the price movement of these confusing, a talk regarding these would be very interesting please.

❤ I need you to do this bond summary again really soon!!

Fantastic interview!

Excellent 👌👍 Want to know more about the mechanics of trading EFT like TLT or similar

excellent talk. yes please do more deep dives!

I love this Channel. Constantly great! Thank you Adam and Michael !

Great video which I think answered my question, which is for a small investor with relatively limited funds, and perhaps short of time and expertise, bond funds are going to make more sense than buying the bonds directly.

More of this please. I consider the content as education better than the quality provided by the P.O.S. University System, for which the tuition I pay is simply my absolute attention.

Please do a deep dive on stock picking. As always thank you for the education

This was incredible thank you

Fantastic..Very well Explained.

Thanks again Adam and RIA!

Great info. Expand my understanding 10X.

I don't know if you mentioned Etf funds such as TLT don't mature they keep rolling over so you don't get your full principal back. If the price goes down you can't wait to maturity to get your full principal back if you need to sell you have to sell at a loss.

this is the stuff, great show thanks

Super video on bonds. Such a complicated topic but at at I got some good info to start here

Great session...thank you.

This was VERY educational. Thank you. Learned so much!

Investing for income is an under covered subject for the average investor. More info like this, especially toward safe/sustainable fixed and variable rate income is needed. I would certainly appreciate it.

Great video. Will watch a few times to take it all in. Thanks!

Great information on bonds, thanks!

A decent summary and good questions too in order to brush up on bond investing.

Great guest! Learned a lot. Thank you.

Good stuff Michael

I just watched this today, 10/26/23....roughly 11 months after video was recorded. If you had purchased a 10, 20, or 30 year back on 10/26/22 thinking rates would drop, you would be down roughly 5.9%, 9.7%, and 12.5% on each today. This is WITHOUT coupon payment, this is strictly the price based on interest rate risk that was discussed in video. Kinda interesting to see what has happened over the past year.

Thanks, Adam. Michael is a great professor

Wonderful interview Thank You I will definitely have to listen to this a couple times

This was helpful, thank you.

Wonderful video.I hope you also to a video on buying treasuries bills,notes and bonds on auction day.I don’t understand secondary market.Even selling in the secondary market and complexities which comes with it.Selling in the secondary market must need expertise.May be you need a broker?Itruely enjoyed and learned a lot.I thank you both🙏

Extremely useful podcast, thanks very much.

Wonderful show there Adam I’m definitely interested in bonds and the kicker was learning to count cards

BIG THANKS ADAM ABSOLUTELY BRILLIANT INTERVIEW. 👍👍👍👍👍👍

Great lecture. Curious on why no mention on convertible bonds. In other words option to convert the bond into stock at maturity.

You can transfer bonds from TreasuryDirect to your brokerage account but there is paperwork and effort involved. I'm just letting my bonds mature in my TreasuryDirect account and the funds will be immediately be deposited into my checking account upon maturity. Even when I'm 85.

Yes. Bonds are so challenging to understand. I know I am going to watch this video again.

Very interesting and helpful info. Thanks very much.

This video is really informative

this is really helpful. thanks!

The Information is easy to understand,,,, Thanks 😊😊😊😊😊😊😊😊😊😊

Thanks adam. I love this.

Great information Michael & Adam. Thanks for putting this together and Happy Thanksgiving 🦃

Wow. Lots of great info. Thanks.

A loan is also tradable, but of course credibility is all that matters with a bond are alone and we are running short on that

Great explanation.

Thanks for this I’d like to hear more

Hey just got here but I have high hopes from the the videos run time that this is going to be an excellent explanation of something I have always wanted to learn. 🤞👍

Appreciate the lesson immensely

Thank you!

GREAT CONVERSATION! THANK YOU! REALLY NICE JOB BY MR. LEBOWITZ! IS THAT GREEN BAY PACKER'S BOBBLE HEAD? 🦌🌲🍁

I love how well this video aged.

This guy was great! Thank you both

2:32 3:07 4:43 9:40 Types of Bonds 10:32 Corporate Bonds 14:28 Bond Investor (30 year) 23:37