If you bought LTPZ near its low in October when it was yielding ~2.5% over its ~19 year duration, you were buying approximately 60% total real return over 19 years (1.025^19). Well, you already got the first 10% of that return in just the last 6 weeks. If rates keep dropping, then by the end of next year it seems plausible you may already have gotten fully half of the 60% total real return in just a single year instead of 20. Might be a good time to sell and invest in something else, if that happens.
Statistics: Posted by DonIce — Wed Dec 13, 2023 11:18 pm — Replies 2205 — Views 259793