No T-Bills, there's never action there, especially now with yields crushed because of financial system liquidity problems. I went to the long end of the curve, where you want to be in a period of declining interest rates. I bought 30 year Treasury bonds in Treasury Direct. A lot of money too - and no fees - I've saved many thousands in fees. Various rates as I DCA'd them over a year at auction, averaging almost 5%.
The difficult part was tuning out all the inflation noise the past two years. I tried to make this point in another post, for some reason people are generally married to the idea of inflation, and just don't seem to understand that inflation isn't the problem right now. What we saw the past year was speculation, not inflation. But now the tide has gone out and we're finding who has been skinny dipping.
The long bond is presently at 3.6%, I'm guessing it will bottom around 3% this cycle, offering a healthy return (even from 3.6% still)
Originally Posted by laurence
Architect, could you explain exactly what your position is? T-bill fund? If it's actual bills, what was your purchase time and rate?