Originally Posted by
GTM 3442
At it's simplest, I buy at time of issue and hold until maturity. A buck goes in and a buck comes out. And I get paid interest along the way. And yes, I have some unrealized/paper losses along the way - which vanish like mist on a sunny Taranaki pasture come maturity.
As for the pathetic interest rates of recent history, there was money to be made selling LGF120 (1.5%) into the 2020/21 secondary market. And by buying OCA010 at >7% for about 83 cents on the dollar more recently.
Bonds are just as complicated as shares, but in different ways
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