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That's not an easy question - because it's partially a function of my views
on interest rates - and partially a function of the current state of my
portfolio. In general though - if I think we're at or near the end
of a rising trend in interest rates - and I find the rates attractive -
I'll lock in those rates with very long term bonds. If I'm sitting
on a pile of cash - and money market rates are unattractive compared to
3-5 years bonds - and interest rates are generally unattractive - I might
try to pick up some extra yield by going out 2-5 years. Since the
"great calls" of 1992-93 in the corporate and muni markets - I've tried
best I can to stay out of the latter situation. Mostly successfully.
Call me in 2000-2002 (when I have a lot of calls coming up) - and I'll
let you know how I'm doing <g>.
<P>FWIW - this is an income oriented portfolio. I also trade zero
coupon bonds - and that's mostly an "all or none" proposition (either I'm
in the market in long term zeros - or I'm out of the market).
Robyn
<P>Richard Parsons wrote:
<BLOCKQUOTE TYPE=CITE> <FONT SIZE=-1>Robyn, How do you decide between
5 and 30 year bonds?</FONT>
<P><FONT SIZE=-1>I think the Federal Reserve have to make the same sort
of decision at the</FONT>
<BR><FONT SIZE=-1>quarterly refunding. Will you be influenced by what the
Fed do next month?</FONT>
<P><FONT SIZE=-1>sincerely, Richard</FONT></BLOCKQUOTE>
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</x-html>From ???@??? Wed Jan 28 18:41:44 1998
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Moreover - are we such terrible consumers that we should accept buying brand new
products which need to be repaired the minute we unpack them? I wouldn't take
this kind of nonsense for 10 minutes if I were buying a toaster oven for $100 -
and I sure won't take it with a computer costing more than $1000. Maybe guys
need more experience buying things <g>. Robyn
Ron2368 wrote:
> << Geez! -- A Floppy Drive costs less than 50 bucks at your local computer
> store and most computers rarely need them these days-- Maybe principles are
> important sometimes, but was it really worth all the hassle? :)
>
> Open the brand new computer and void the warranty. Would it really be worth
> it?
>
> Ron
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