Hold onto your calculators, dear readersβtoday, we’re diving into the wild world of Junk Bonds! These aren’t your grandma’s bonds stashed in the attic. Oh no, junk bonds are high-stakes, high-reward investments that can make you feel like you’ve boarded a financial roller coaster. π’
Junk Bond: What on Earth is That?
A junk bond is a bond that offers a fantastically high rate of interest. Sounds amazing, right? But there’s a catchβit has a higher probability of default. Picture it as the