Beware the allure of high-income bonds

Beware the allure of high-income bonds

They may seem like a tempting alternative to cash or other asset classes, but investing in corporate bonds is a complicated business

Brokers, wealth managers and, dare I say it, wide boys in the ‘wealth management’ and ‘personal financial advice’ field will never be short of a good, convincing story. But without jumping to conclusions, or putting everyone in the so-called wealth management industry in the same box, you should always be wary and questioning.

Selling equities over the past three years hasn’t been much of a problem for stockbrokers. The charts have been good and the...

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