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iShares TIPS Bond Message Board

  • ajabraham2002 ajabraham2002 Aug 3, 2011 3:28 PM Flag

    Wish I Had Sold Yesterday!!!!!!!!!!!!!

    Oh well. We could make a new high but might not be for a while.

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    • that sounds like great advice. I'll try to figure that out one of these days. Thanks for the help.

      So glad I have TIPs and Gold and gold derivatives.

    • It makes sense to me.

      Further, once you open up a treasury direct account and buy TIPS directly from the government (in order to avoid fees charged by funds and brokerages), there's very little turning back.

    • Try buying today!

    • if banks are charging money for money markets or giving zero, doesn't it make sense that people move to TIPS? That's why I moved 6 months ago. I swept all my money markets earning 0.01% into TIP.

    • I sense that yesterday might have been the peak.

      TIP is at serious risk of being dragged down by oil (deflationary). Note that IEF (TIP's non-inflation protected counterpart) was up today.

      I'm still up 22% on the 30-year TIPS bond that I bought in February. That's most likely too far and too fast. It wouldn't surprise me if if fell all the way back down to the price I bought it at should oil continue to fall.

      I'm holding it until maturity just the same. What's my alternative? Earning 0.01% in three month treasury bills? Hindsight might show that it was a great idea, but it sure would require excellent timing.

      I'd rather own long-term TIPS to meet my long-term needs than risk owning short-term treasury bills to meet my long-term needs. That's just an opinion of course.

      • 1 Reply to markm0722
      • Yes the "what's the alternative" argument ultimately caused me to not sell yesterday. I think big gains will be made betting on commodities long term, but for income investments, what are you going to do? Selling was the hard thing to do yesterday as everything else was tanking, but it ended up, PERHAP, being the right move. I am left mainly with 5-6 years on most of mine and they are probably overbought to very overbought at this level. I think there is still a chance for further price gains down the road, but I'm not that confident personally. What is the alternative though? Hopefully paper losses will be fairly tame if it pulls back to a more attractive yield level.

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