On 2008-06-24 13:12:11 -0400, "Wilbur Hubbard"
said:

You are not "lending" when you buy (notice the word buy!) bonds or by
shares of stock. Lending is to hand over money to a client and then
expect to have it be paid back over a period of time with interest.

Bonds or CDs are simply giving money to an entity in receipt for a
*promise* from them to pay you that value plus a bit some time in the
future.

Whether you equate that giving to 'lending' or 'buying', all you have
in return is a promise. At most, it's a piece of paper with intrinsic
value of $0.000007.

The higher the risk of your not getting the full value back, the more
they promise to give you back.

TANSTAAFL!

--
Jere Lull
Xan-à-Deux -- Tanzer 28 #4 out of Tolchester, MD
Xan's pages: http://web.mac.com/jerelull/iWeb/Xan/
Our BVI trips & tips: http://homepage.mac.com/jerelull/BVI/