Doug Gary: ‘I’m curious whether the Vanguard TIPS fund [VIPSX] is a good way to hold some TIPS. Or do you think it is wiser to hold the individual bonds?’
The only downside to ownership through a fund is the annual expense fee it nicks you for, which is just a quarter of a percent at Vanguard. The upsides are several. Click here for the details.
John Lemon: ‘One of the stocks you mentioned a couple of months ago, NTII, is sneaking up on a 150% gain. So I have to ask, is it time to exercise the better part of valor?’
☞ Discretion/valor, birds/hands, gift-horses/mouths . . . it’s all but irresistible to take the gain, no? And if you’re desperate for Christmas-shopping liquidity, you could certainly do worse. But I’m holding mine.
Quote of the Day
It turns out that advancing equal opportunity and economic empowerment is both morally right and good economics, because discrimination, poverty and ignorance restrict growth, while investments in education, infrastructure and scientific and technological research increase it, creating more good jobs and new wealth for all of us.~Bill Clinton
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