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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: MrGreenJeans who wrote (47)8/16/1998 5:50:00 PM
From: stock bull  Read Replies (1) of 15132
 
Mr. GreenJeans, <<I, too, bought 30 yr, 9%+ bonds many years ago, thanks to Bob. I sold them after yields went so low that I felt they simply weren't worth holding. I think that was at about 7%.>>

I'm not sure that I understand why you are saying..."I sold them after the yields went so low and I felt they simply weren't worth holding." I assume this was a Treasury Bond, so backed by the US Government. Since the bond paid 9%, and this remains constant until maturity, isn't this a good deal considering that rates have dropped so low. Or, did you sell because the value of the bond has risen, and you wanted to cash in?

Stock Bull
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