No. of Recommendations: 3
Au contraire, mon ami. Thank YOU for the link to that Investopdia article. I didn't realize what a good resource they were. Very clean explanations, nicely illustrated, with good examples.

Oh, man. My life just got more complicated if I want to try to apply those ideas to my portfolio (and its 198 bonds). Talk about having to do penance for my sins for neglecting my back-office duties. I was feeling proud of myself for just tracking what I bought, when I bought it, its CY, YTM, YTD gains, etc. ARRGH. No wonder people buy funds and then let someone else do all that stuff for them. :-)

I've got to think about whether I want to play the game at that level. Value investing I understand. You buy cheap and sell dear. With bonds, it's easy to let maturity be the sale date. So the workload of building a bond portfolio is front-loaded, and it emphasizes the shopping or, at least, that's what I emphasize. If I shop good, I consider myself 90% done. I log the bond, do a trading journal write-up, and then forget about the bond except to mark myself to market weekly.

Now I've got to run portfolio measurements, too? Oh, man. I don't know if I like this. I'm going to go for a walk.
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