My suggestion would be for you to have [most] of your cake but eat [a bit of]it, too. Figure out how marketable each of your 8 bonds is and which one is currently offering the best opportunity for capital gains. Then figure what you would truly net (after taxes, commissions, etc.) if you sold it, and figure out what you would do with the money. E.g., pay down consumer debt or a mortage, take a trip, use it to explore an asset class that is new to you, etc.)If you're only going to gain small money that you don't know what to do with, leave things alone on the theory: "If it ain't broke, don't fix it." If you do have a worthwhile project for the money, then made the trade with whatever portion of your gains seems appropriate. One advantage of selling just one bond, even if you just break even on the deal, is that the experienced gained will sharpen your attention toward future opportunites and when they might be captured. In other words you are hugely in the money on your ladder now because your timely was fortuitous. Down the road the Fed will be raising again and the interest rate cycle will repeat itself and you'd like to be able to repeat the trade you did a second time. So selling a bit now is just practice against the time when you made the next trade.Charlie
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