I am familiar with buying stock, bonds, mutual funds, currencies, options and futures. But I met someone at a party who said they are a fixed income desk manager buying paper for a living.
I am just wondering what he does exactly? What is he buying? Who he buys it from? What he does with it after he buys it?
2007-11-24 10:35:21 · 4 answers · asked by The Shepherd 2 in Business & Finance ➔ Investing
"Buying paper" means he is buying a loan (the signed promissory note is the "paper".
It's the interest income he's interested in.
Promissory notes and other debts can be bought and sold like any other security.
2007-11-24 11:11:55 · answer #1 · answered by !!! 7 · 1⤊ 0⤋
I don't want to be rude but if you don't know what buying paper means than you probably don't know much about stocks, bonds, mutual funds, futures, and so on. To know about all of that stuff it is nice to have a finance degree and you would learn all about commerical paper if you did. Like I said, I am not trying to be rude but if you really want to know about this stuff, you have to get an education on it.
2007-11-25 13:04:44 · answer #2 · answered by Chris G 2 · 0⤊ 1⤋
Short-term debt
2007-11-24 10:44:23 · answer #3 · answered by wm.castor 2 · 1⤊ 0⤋
Promissary notes and other short-term debt.
2007-11-24 12:55:36 · answer #4 · answered by npk 7 · 1⤊ 0⤋