Mr Bearbull 

Yield to less

Mr Bearbull

Mr Bearbull

It’s miserable, and perhaps even odd, that there are fewer types of securities on offer to private investors than was the case say 20 or 30 years ago. Miserable because such securities and their derivatives – convertibles, warrants, even plain-vanilla fixed-interest stocks – are both fun and functional since they can help a portfolio achieve its aims. Odd because today’s combination of smart technology and increasingly savvy investors – or so we are told – should drive both the supply of and demand for such instruments.

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