A quick recap on a bond ladder - It is an investment strategy to generate passive income at regular intervals. Passive income - who doesn't love them? Using Singapore Savings Bonds (SSB) as an example, each SSB pays out interests every 6 months. So if one were to purchase 6 consecutive months of SSB, they will be getting interests every month for the next 10 years until the bond matures. Theoretically, the bond will then mature at a different time and one just got to repurchase the new bond again to repeat it infinitely...
One day,
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