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Episode 150: Step-Up Bonds (notes) are a form of corporate debenture (debt instrument) that has a variable interest rate generally increasing over time. Personally I don’t like them- the notes are Callable, thus diminishing the likelihood that higher rates will be paid if lower market yield exist. To be charitable, in my opinion it’s a form of “sleight of hand.”
All this and more in this episode.
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Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.
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