Winners and Par

art: Each of them yields 5%. Nineteen out of 20 mature at par and you get your money back, with interest, according to Market Watch. One of them defaults. Let's say you buy 20 bonds. You are back to where you started! It is said that income investing is a negative art. You want to pick winners, invest in stocks. Your goal isn't to pick the winners it's to avoid the losers. (news.financializer.com). As reported in the news.