Forget Treasuries -- Try These 3 Little-Known Bonds Instead Payment-In-Kind (PIK) Bond A payment-in-kind bond (PIK bond) gives the issuer the option of making interest and principal payments with either cash or additional bonds One of the most famous PIK bond issues came in 1989 when RJR Nabisco issued $1 billion of them as part of Kohlberg Kravis Roberts' well-known leveraged buyout of the company
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ETF Education Corner: Portfolio Turnover - InvestingAnswers undefinedIt's no secret that traditional mutual fund managers have a tough time sticking with a stock for any length of time They dart in and out of different holdings like an aggressive driver zipping from one lane to another on a crowded interstate Does that get these funds to their destination any faster? Usually not, judging by their mediocre long-term performance Worse still, all that