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Hi Ferris,
Predicting long term interest rates is notoriously difficult -- but I do think we are nearing the end of this rise in rates.
We sold our long term bond fund in May --> brinkeradvisor.com/p/mo…
I think longer-term rates are now reaching a level where they are starting to look attractive so I would not be inclined to sell them now.…
Hi Ferris,
Predicting long term interest rates is notoriously difficult -- but I do think we are nearing the end of this rise in rates.
We sold our long term bond fund in May --> https://www.brinkeradvisor.com/p/model-portfolio-update
I think longer-term rates are now reaching a level where they are starting to look attractive so I would not be inclined to sell them now. Rather, I am looking for an opportunity to add them back to the portfolio. That being said, I agree with your last statement which is ... there is absolutely nothing wrong or difficult in just sitting in cash (like VMFXX) and earning a 5.4% compound yield with daily liquidity while we wait.
good luck! bob