When your 30-Year Bonds are Ten Years Old...
Posted: Tue Dec 14, 2010 5:08 pm
you are supposed to sell them and replace them with fresh 30-year bonds. Is there any special action that should be taken whether the price is up or down? I guess you should ignore the price, other than when it exceeds rebalancing bands?
Well, I don't have to worry about this for ten years, but I don't recall seeing this in the Fail-Safe Investing book* and I'd like to find out before I put too much into the pp.
*In fact, if you're thinking of buying Fail-Safe Investing for more info on how to implement the permanent portfolio, don't. Don't get me wrong - it's a gem of a book, but you can find similar wisdom and caveats in other investment books that may already be on your shelf. As for implementation, I didn't find much. I found much more here at crawlingroad and in Harry Browne's radio archives, although the latter is a lot to wade through when you want answers to a specific question.
Well, I don't have to worry about this for ten years, but I don't recall seeing this in the Fail-Safe Investing book* and I'd like to find out before I put too much into the pp.
*In fact, if you're thinking of buying Fail-Safe Investing for more info on how to implement the permanent portfolio, don't. Don't get me wrong - it's a gem of a book, but you can find similar wisdom and caveats in other investment books that may already be on your shelf. As for implementation, I didn't find much. I found much more here at crawlingroad and in Harry Browne's radio archives, although the latter is a lot to wade through when you want answers to a specific question.