Of course as US/ UK government backed securities are acceptable, they are more than safe enough for the enterprising investor. In His book, he also opened up the field of junk bonds to the enterprising investor, but only on the condition that they could be bought at bargain prices.
Personally, I would prefer not to invest in low grade issues, and perhaps a method of capturing their perfomance while retaining some safety would be to invest in a fund that specialises in junk bonds.
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