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I backed the truck up in 2018 for Fidelity Treasury Bond Index Fund. Most of of my 401K is in it. It's up 31% in the last year. With almost no management fee.
by papito 7y ago
I backed the truck up in 2018 for Fidelity Treasury Bond Index Fund. Most of of my 401K is in it. It's up 31% in the last year. With almost no management fee. That's all.
- dcftoapv 7y agoCongrats, but you should sell out of that before prices come crashing back down to earth, which they inevitably will after the covid-19 scare passes. It might be a couple of months, but history says that you're going to lose all of that money again over the next two years.
- papito 7y agoI am well aware of the risk of rising interest rates, but those will be in the toilet due to the lasting effect on the disrupted supply chain.
- dcftoapv 7y agoYou're betting against all of documented history. Also, your concern shouldn't be interest rate risk. Your concern should be a reversal in perceived credit risk. You benefited from a flight to quality. While these can persist much longer than one would expect (see LTCM), you will eventually lose.