The pay out is nothing to sneeze at - I have some perpetual bonds that pay a coupon of 6.5%. In some rare cases they are slightly riskier than stocks (remember,

The pay out is nothing to sneeze at - I have some perpetual bonds that pay a coupon of 6.5%. In some rare cases they are slightly riskier than stocks (remember, Credit Suisse shareholders still lost 90%), but unless a major crisis occurs they are still safer than bonds. A 6-7% interest unless a major crisis occurs seems like a decent deal for a small part of my portfolio.