Originally Posted by rayvt
By holding on to a bond to maturity vs. selling at a loss brfore maturity all you are doing is changing the shape of your time-valued total return -- you are not changing the NPV at all.
Everything comes to he who waits........
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent