I had a lengthy conversation with a friend on bonds. He bought into Aspial's 5 year bond that carries a coupon of 5.25% a few months ago at the recommendation of his father. When I asked him why did his father recommend the bond to him, he said his father felt good about it. It boggles my mind, really, to be able to plonk down $XXX,XXX based on feeling good. Actually, many people in this (still) rather low interest rate environment are taking more risks to get higher returns on their money. There is nothing wrong with this but they seem to be taking risks they don't understand or they might understand but have underestimated. Well, it could be a case of ignorance is bliss if nothing goes wrong and they get their regular interest payments in the next few years and also their capital at maturity. Why AK so kaypoh? ......