With no state tax and cash being a pretty small part of my allocation, my focus is much more on accessibility vs yields. I am ok with taking the yield hit but have the flexibility of an Ally 4.15% MMA with checking options, so no T bills for me
To be honest, the 1% extra is probably only yielding me around $500/yr, but I have learned a lot more about fixed income over the last year than I’ve learned while rates were low.
I’ve never been in the position to have to decide when/if to extend the duration of my bonds, hence the original question. My gut is saying that sometime this year I should extend to around 2 years duration and that by next year rates might start going down. But of course I don’t know nothing!
With no state tax and cash being a pretty small part of my allocation, my focus is much more on accessibility vs yields. I am ok with taking the yield hit but have the flexibility of an Ally 4.15% MMA with checking options, so no T bills for me
To be honest, the 1% extra is probably only yielding me around $500/yr, but I have learned a lot more about fixed income over the last year than I’ve learned while rates were low.
I’ve never been in the position to have to decide when/if to extend the duration of my bonds, hence the original question. My gut is saying that sometime this year I should extend to around 2 years duration and that by next year rates might start going down. But of course I don’t know nothing!