Gyroscopic Investing

I usually buy the full 30 year bonds to get the max duration and volatility. But to do that I have to buy individual bonds. Which is kind of a hassle. I heard about these ETFs on the Meb Faber podcast recently.

https://www.fminvest.com/etfs

How about VGLT?

Average duration is 14 years.

ppnewbie wrote: ↑Sun Oct 12, 2025 2:09 pm Average duration is 14 years.

Darn. I was thinking about buying some VGLT as a bit of market timing before the next big stock crash (which I always get wrong).
Average “effective maturity” is 22 years, but the duration is no good. (EDV’s is 24 years). I will look no further.
https://investor.vanguard.com/investmen ... omposition

So you’re looking at UTHY.

Underlying Bond:
The US Treasury auctions a new 30-Year Treasury bond each quarter. The auction will determine the coupon rate of each new on-the-run' bond. Once the auction is complete and can be settled, UTHY will sell the currently held, old 30-Year US Treasury and roll into the newly issued 30-Year US Treasury.

Interesting. But the effective duration is almost the same as VGLT? 15.77

The effective duration of a new issue 30 year Treasury is in the 16-17 year range. Remember duration decreases as coupon increases.

Only way to do any better is to buy STRIPS, since their coupon is 0 (or an ETF like EDV that contains them).

TMF Leveraged long bonds. I'm too much of a coward to do it but HEFA is how OG hedge funds got rich. You count on the bailout.

https://old.reddit.com/r/LETFs/comments ... _improved/