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by fennecfoxen
1518 days ago
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Eh. Take a look at the antique bond on goatskin parchment that financed a whole dike, now paying a mere €11.35 a year, valued only as a curiosity. Value it based on the discounted future income stream like everything else. Sell if offered a price above that. Buy if offered a price below. It’s great to avoid reinvestment risk but inflation risk is real. |
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