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by DubiousPusher 2858 days ago
> bond prices fall as interest rates rise. You can avoid this by buying individual bonds and holding them until they mature (pay out their full value).

Isn't this the same fallacy as "buy and hold" stock strategies? Basically, it ignores opportunity cost? If the cost to sell the discounted bond is less than the upside of the better payout of a new bond, you should sell.