Finance & Fury Podcast

Welcome to Finance and Fury, the Say What Wednesday edition. This weeks question comes from David.   David says: We have seen some ASX fixed income Listed Investment Trust (LIT) have fallen 10-30% from their NTA. Are you able to do a series to cover those to see if it is now a good investment opportunity? My thinking is that the massive drop is a function of retail investor fear (they don’t know what they are invested in) rather than the decline in the actual value of the investment.   Great question and we will look at some of the ones David sent through - NBI, PGG or KKC   important to note – not all fixed income is made equally What is fixed income/interest? A Fixed Interest is a debt instrument - a form of lending. Financial Product designed to raise money for the entity that issues the bond I liken it to an interest only loan – You need money? You borrow morning with the mortgage as the product and pay interest back When a company or Government needs money – Someone (you) purchase that bond – Essential