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I bought TIPS in December 2008 when the TIPS yield was higher than the Treasury yield (as if deflation would stick around for 10 years!). The TIPS I bought in December 2008 yield 6.3% (plus inflation). Talk about a panic!

These are moments where I tend to push a lot of my chips into the center of the table because they don't come around very often. I might have to deal with a reinvestment issue 10 years later but that seems a small risk to manage in order to capture momentary market stupidity. This is why I'm not an orderly patterned buyer. I can garner average returns in many easy ways capitalizing on market farts is easy money.

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