sharetrader
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  1. #11
    Member
    Join Date
    Jul 2020
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    NEW ZEALAND
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    410

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    Quote Originally Posted by GTM 3442 View Post
    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
    Well, yes, I'm not afraid to admit you probably have far more experience with bonds than me.
    Can you answer this question - when filling out form IR3K Sale or Disposal of Financial Arrangements, and one comes to step 7 where one has either a profit or loss and it says to include this figure in the other income box of your IR3 - does this really mean that the IRD will allow losses on bond transactions to be deductable for all? When in contrast losses on share transactions are only deductable for traders.

  2. #12
    Ignorant. Just ignorant.
    Join Date
    Jan 2005
    Location
    Wrong Side of the Tracks
    Posts
    1,589

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    Pass. Sorry, but I have no idea - my accountant does that for me,

  3. #13
    Member
    Join Date
    Feb 2022
    Posts
    152

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    Almost zero real income return at current inflation rates plus capital risk. No thanks.

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