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Anthony J. Bardi
Registered Representative
Enrolled Agent, LTC# 454
Tax and Financial Solutions, Inc.
151 SE 223rd Avenue
Gresham, OR 97030
Phone: 503-666-7909
January/February 2018
What's a Convertible?
It’s a stock. It’s a bond. It’s… it’s a convertible!
Stock or Bond?
Convertibles are the chameleons of the investment world. They are debt instruments that eventually convert to stocks. And they are preferred stocks that convert into common stock. Let’s look at the bond variety.
Convertible Bonds
Companies typically issue a convertible bond or shorter-term note to raise capital. They benefit because they retain equity and can deduct the debt’s interest. Generally, investors benefit when they exercise their rights to convert the debt into stock shares as the underlying stock price rises. Or they may continue receiving interest on the debt if the stock performs poorly.
*Investing in convertibles may involve both the risk of investing in stocks and also of investing in bonds. Talk to a financial professional to learn more about this type of investment.
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Tax and Financial Solutions, Inc. and LTM Client Marketing are unrelated companies. This newsletter was created by LTM Client Marketing and was not written or created by the named financial professional and does not necessarily represent the views and opinions of Avantax Wealth Management® or its subsidiaries.
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