I had investments in SPIP (TIPS ETF), SWAGX (US aggregate bond), SCHQ (long term U.S. treasury ETF) which have gotten hammered as the fed raises rates. Worse was bonds in Corning with maturity of 2067. I am thinking inflation is still ripping, and more rate hikes are imminent. It seems the smart thing to do is sell these, and role into a ladder of Treasuries paying near 5% and having a maturity date closer to my life expectancy (I’m 65, supposed to die in 2040). I also regret buying the Corning bonds that mature when I’m 110.
Submitted March 10, 2023 at 04:17AM by Salt_Finance_9852 https://ift.tt/Bomvgp8
