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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Ken Brown who wrote (44)	8/16/1998 3:57:00 PM
From: MrGreenJeans	Read Replies (2) \| Respond to of 15132

Ken <<Using current value, his 9%+ bond portfolio is yielding more like 5.6%, so if he were so inclined, and he could find a suitable investment vehicle, he could sell and re-invest in a higher yielding manner. 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%. Hmmmm. >> A couple of thoughts. True, the bonds yield to maturity has declined but that is because the price appreciation on the bonds themselves have soared. My other thought is that a government bond yielding 9%+ or whatever is a guaranteed investment backed by Uncle Sam and that guarantee I can receive no where else. That is, no credit risk. Thanks to Bob I sleep like a baby in this portion of my account.