E234 - Mind Your Step: Before You Build a Bond Ladder

Bond ladders are a great way to feel in control of your money. A neat row of gilts maturing year after year, each one handing back its capital right on schedule. But before you buy your first rung, it's worth asking what the ladder is for, what you’re giving up for that certainty, and whether something simpler would do.

And in today’s Dumb Question of the Week: Has a developed market ever defaulted on its debt?

---

Thank you to Lightyear for sponsoring this episode.

I opened my 2025/2026 ISA with...