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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (1474)	5/20/1999 11:37:00 AM
From: jhg_in_kc	Respond to of 4690

James, I will tell you what I bought in 1982, the tail end of the 70's recessionary inflation period. THe long 30 year TReasury bond which paid 14% ; I got it when the yeild was 14.92%. I intened to buy and hold, which I surely should have. Unfortunately, I got into the interest rate futures game, and lost 50 grand and learned to never predict the future. Then the Fed eased from 14 to 10.38%. I missed the early part of the bull market, not believing it was happening. So you see I didnt chase after Kruggerands but bought a risk free secureity which paid me 14% a year. I should have quit while I was ahead. jhg