Today, we're diving into the world of bonds! So, what exactly is a bond? Think of it as an IOU from a corporation or government.

When you buy a bond, you're lending money instead of owning a piece of the company like with stocks. Bonds can be a safer investment, especially for those looking for steady income.

However, they do come with risks, like interest rate fluctuations and the potential for the issuer to go bankrupt. If you're more conservative with your investments, bonds might be the way to go. Let's explore the advantages and disadvantages of bonds together and see if they fit your financial goals!