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Effortlessly Invest Like Graham and Buffett

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Hi Katy,

Just to clarify, ETN's don't hold bonds. Rather, they are in themselves a form of debt by the issuer that promises to pay the return of a particular index minus management fees.

Fernando of GA 5:22PM August 21, 2008

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New Money

Katy Marquardt, a senior editor at U.S.News & World Report, takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties. Have a question? E-mail Katy at newmoney@usnews.com

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