brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
Do NOT buy GNMAs.
Do NOT buy GNMAs.
Do you mean short/intermediate term or just don't buy, period? I ask because I've been averaging into a GNMA fund with the intent to hold for at least 10 years. This is in a tax-deferred account.
I should clarify, I think. I don't mean short/intermediate in terms of bond duration, but holding period for fund shares, with reinvestment.
Quoted durations are meaningless for these funds. Google "negative convexity" and I will try to answer questions.