Search found 1045 matches

by MIretired
Fri Mar 01, 2024 12:08 am
Forum: Investing - Theory, News & General
Topic: Vanguard Announces CEO Retirement and Appointment of President
Replies: 371
Views: 34801

Re: Vanguard Announces CEO Retirement and Appointment of President

placeholder wrote: Thu Feb 29, 2024 11:04 pm
whodidntante wrote: Thu Feb 29, 2024 7:22 pm I speculate that Vanguard IT has their eye on a 386 they found on Ebay. No more pressing play on tape!
The first software I wrote for megacorp was for the 386 which was hot stuff at the time.
386?
What is that?
I recall an Intell 386 from the early '80's.
What are you talking about, Mr. Hardware?

What??
by MIretired
Thu Feb 29, 2024 8:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces CEO Retirement and Appointment of President
Replies: 371
Views: 34801

Re: Vanguard Announces CEO Retirement and Appointment of President

I just spent 2days trying to transfer funds between VG and my local checking account.
Got the busy spinning wheel forever both days.
Finally re-downloaded the phone app and it worked - but only at the settlement fund level.

I've been having similar problems with Wendy's fast food app for credit purchases. Almost exactly the same experience.
I never!! -- for MY money!!.
Once before, but what if it's urgent?

I suppose whoever is responsible, they can replace them for a price-- if that's the goal.
Sheesh!
by MIretired
Wed Feb 28, 2024 3:19 pm
Forum: Investing - Theory, News & General
Topic: Can you do better than BND?
Replies: 278
Views: 35086

Re: Can you do better than BND?

Not sure if this makes sense. I'm not versed in stats.
But couldn't I say that independent 30 yr yields , and averaging the sums, would give me an arithmetic average.
And using rolling 30 yr yields, with 1 yr steps, and then regressing the slope, would give me both an arithmetic average with the added 1/30th exponential average, regressed for each, arithmetic and exponential?
by MIretired
Wed Dec 20, 2023 9:21 pm
Forum: Investing - Theory, News & General
Topic: Bonds vs bond funds
Replies: 27
Views: 3289

Re: Bonds vs bond funds

Ahem! XONE (and Bondblock's others) started around 09/2022!
by MIretired
Wed Nov 08, 2023 5:39 pm
Forum: Investing - Theory, News & General
Topic: Now that long TIPS yields are 60 bp off their highs I will…
Replies: 2937
Views: 611956

Re: Now that long TIPS have backed off 2.50% I will…

McQ wrote:
3. Oops, my bad: that inflationary panic sets in before the year is out, and new highs are reached on long TIPS yields as 2023 ends. I’ll be a buyer.
My comment:
Not a different scenario; but a question of strategy.
I know that you stated that your goal was to accumulate $400,000. in long TIPs.

What if you don't have the funds to continually add if there's a late '70's scenario? How do you know there won't be?
It doesn't have to be panic induced inflation; it could just be pricing power. Edit: I suppose they're quite the same thing except panic may be a faster process.
by MIretired
Sun May 21, 2023 10:17 am
Forum: Investing - Theory, News & General
Topic: why is cash not includes as part of Buffet's AA?
Replies: 11
Views: 860

Re: why is cash not includes as part of Buffet's AA?

idk. Maybe his cash is 100 different treasury contracts?
by MIretired
Tue Feb 14, 2023 8:06 pm
Forum: Investing - Theory, News & General
Topic: Diversification a la Markowitz
Replies: 140
Views: 14582

Re: Diversification a la Markowitz

^
Just want to learn.
by MIretired
Tue Feb 14, 2023 7:58 pm
Forum: Investing - Theory, News & General
Topic: Diversification a la Markowitz
Replies: 140
Views: 14582

Re: Diversification a la Markowitz

^
Probably I should say variance rather than SD.
Variance seems to be measured arithmetically, and SD seems to be measured over time by you people.
Which becomes me people. Lol.
by MIretired
Tue Feb 14, 2023 7:41 pm
Forum: Investing - Theory, News & General
Topic: Diversification a la Markowitz
Replies: 140
Views: 14582

Re: Diversification a la Markowitz

An issue with Markowitz diversification is that what you want to know is the mean, standard deviation, and correlations going forward , and what you have is what they have been in the past . We all know that past performance (i.e. the mean) may not be indicative of future results. But it is also true that past standard deviation may not be indicative of future standard deviation. (Rolling 60-month values of standard deviation of monthly return of the SBBI "large-company stocks" series, annualized by multiplying by √12) https://imgur.com/kygbQru.png Here's one from a Seeking Alpha article, based on daily values: Are stock markets becoming more volatile? , https://static.seekingalpha.com/uploads/2018/12/26/1112099-15458431268797243...
by MIretired
Sat Jan 14, 2023 7:58 am
Forum: Investing - Theory, News & General
Topic: WSJ: The Case Against Frequent Rebalancing of Portfolios
Replies: 177
Views: 16997

Re: WSJ: The Case Against Frequent Rebalancing of Portfolios

If you're measuring growth/decline- correct- vs dollar value/arithmetic gain/decline.
My problem, I'm sure.
by MIretired
Sat Jan 14, 2023 6:22 am
Forum: Investing - Theory, News & General
Topic: WSJ: The Case Against Frequent Rebalancing of Portfolios
Replies: 177
Views: 16997

Re: WSJ: The Case Against Frequent Rebalancing of Portfolios

Also, funny thing. I just noticed that if all these conditions hold, this also just describes rebalancing to control risk only. Even though in the conditions, you're already assured the risk is mitigated at the same time you take the rebalancing bonus.
If assets could act like this, and if I had confidence they would in general.
by MIretired
Sat Jan 14, 2023 6:15 am
Forum: Investing - Theory, News & General
Topic: WSJ: The Case Against Frequent Rebalancing of Portfolios
Replies: 177
Views: 16997

Re: WSJ: The Case Against Frequent Rebalancing of Portfolios

^^ Yeah. You can substitute SWR or an accumulators monthly contributions for the same thing as both P & Q assets declining or growing and if they're not correlated, there's a rebalancing bonus. Look at this. If the two assets, over a theoretical cycle, are not perfectly correlated and neither has a gain or loss over the cycle - 0% TR- and, I believe, even if they are weighted to risk parity, there can be no rebalance bonus. At least if you are only allowed to add or subtract assets at regular intervals over the cycle- no timing allowed. So, I see if two assets have 0% growth, by adding or subtracting from the portfolio in a manner that rebalances, or with additional rebalancing, you have created two assets that both either grow or decli...
by MIretired
Wed Dec 14, 2022 9:06 pm
Forum: Personal Investments
Topic: Sold my long term tres.-- too risky!
Replies: 69
Views: 8444

Re: Sold my long term tres.-- too risky!

White Coat Investor wrote: Wed Dec 14, 2022 6:58 pm
MIretired wrote: Tue Dec 13, 2022 4:10 pm Too risky-- outta here!
Nice timing. They were far more risky a year ago than they are today. Why didn't you sell then?
I did. I sold all my total bond and LTT funds except what was in my target date funds and Well./Wellesly.
And started buying short and ultra-short treas funds. So my duration went from about 6 to about 4 in all including cash as 60 day duration.

I do plan to move out the curve. I just think it might be early.
Besides the fact that when I bought VGLT 3 weeks ago, it was a timing speculation. But this post was much ado about nothing, as I only committed a small(< 5%) amount before this now reversal of the trade.
Just a blind rant about still not liking LTT yet.
by MIretired
Wed Dec 14, 2022 12:06 am
Forum: Personal Investments
Topic: Sold my long term tres.-- too risky!
Replies: 69
Views: 8444

Re: Sold my long term tres.-- too risky!

Bought VGLT about 3weeks ago; small %.
So, sold at a small gain.
But, own a bunch of target retirement fund, anyway.
by MIretired
Tue Dec 13, 2022 4:10 pm
Forum: Personal Investments
Topic: Sold my long term tres.-- too risky!
Replies: 69
Views: 8444

Sold my long term tres.-- too risky!

Too risky-- outta here!
by MIretired
Wed Nov 02, 2022 3:04 pm
Forum: Investing - Theory, News & General
Topic: Source of Dividend History
Replies: 9
Views: 1150

Re: Source of Dividend History

Del duplicate.
by MIretired
Wed Nov 02, 2022 3:04 pm
Forum: Investing - Theory, News & General
Topic: Source of Dividend History
Replies: 9
Views: 1150

Re: Source of Dividend History

retired@50 wrote: Tue Nov 01, 2022 6:53 pm The Vanguard site for advisors shows distributions for Vanguard funds for several years. Type in a ticker, then click on Prices & Distributions. The data can be paged through on the website or downloaded.

https://advisors.vanguard.com/advisors-home

Regards,
Nice! re.
by MIretired
Wed Nov 02, 2022 12:58 pm
Forum: Investing - Theory, News & General
Topic: Long Treasuries down 55%. Time to bottom fish?
Replies: 416
Views: 52066

Re: Long Treasuries down almost 50%. Time to bottom fish?

I'm going to start into VGLT/VUST(with divs & cap.gn reinvested) for my port. vs LTL, EDV, or (I have to look more at--LPTZ, or what's it's name.)
I'm a decumulator, but with part-time savings.

LTL & EDV don't work for max WR, as I see it in cyclical history.
by MIretired
Mon Oct 10, 2022 6:29 pm
Forum: Investing - Theory, News & General
Topic: "Bear Market Musings"
Replies: 19
Views: 3050

Re: "Bear Market Musings"

Thanks for the news letter forward. I enjoyed it. Spot on.
by MIretired
Mon Oct 10, 2022 2:16 pm
Forum: Investing - Theory, News & General
Topic: Mutual Fund NAVs - Chicken or Egg on purchases
Replies: 14
Views: 836

Re: Mutual Fund NAVs - Chicken or Egg on purchases

Sorry to say. But my limited understanding is that if you place a mf trade order at 3:50 EST, it will trade as soon as possible(or equitable/convenient) for VG. And you will get the end of day NAV as a trade price on the mf.
That's my understanding. Wrong or not.
(They actually trade during the day, even though that's not the trade price you get.)?
by MIretired
Mon Oct 10, 2022 1:03 pm
Forum: Investing - Theory, News & General
Topic: Happy! Columbus Day! [Bond market closed today]
Replies: 2
Views: 557

Re: Happy! Columbus Day!

billyt wrote: Mon Oct 10, 2022 12:45 pm The bond market is closed, but bond funds can still be traded.
Good.
by MIretired
Mon Oct 10, 2022 1:01 pm
Forum: Investing - Theory, News & General
Topic: Market capitalization of TIPS / Sudden Popularity
Replies: 178
Views: 15809

Re: Market capitalization of TIPS / Sudden Popularity

Not thinking my liability duration matters as much as:
The average interest rate cycle duration. The more it's telegraphed, the better.
by MIretired
Mon Oct 10, 2022 12:40 pm
Forum: Investing - Theory, News & General
Topic: Happy! Columbus Day! [Bond market closed today]
Replies: 2
Views: 557

Happy! Columbus Day! [Bond market closed today]

PSA.
Bond market. 10/10/2022. Mon.
by MIretired
Mon Oct 10, 2022 12:29 pm
Forum: Investing - Theory, News & General
Topic: TIPS- real yield of 3-4%?
Replies: 23
Views: 2972

Re: TIPS- real yield of 3-4%?

A falling of actual inflation with an expectation of continuing high inflation, c. 1941 - 1982.
by MIretired
Fri Jun 03, 2022 5:49 pm
Forum: Investing - Theory, News & General
Topic: [Bond] Fund Vs. Bond Ladder
Replies: 8
Views: 1553

Re: [Bond] Fund Vs. Bond Ladder

I think if I held a ladder in decumulating/retirement, I would consider the current profitability of each rung/lot by using the profit for how long I held it. Not by it's current price/yield or very recent performance.
This might imply buying more of the rungs that have done worst by the same measure. Thinking the yield curve will eventually normalize.
Selling the outperformers, and if buying, buying the under performers.
by MIretired
Fri Jun 03, 2022 5:26 pm
Forum: Investing - Theory, News & General
Topic: [Bond] Fund Vs. Bond Ladder
Replies: 8
Views: 1553

Re: [Bond] Fund Vs. Bond Ladder

I don't know.
I think it mostly only matters if you are decumulating (or within 6-7 yrs. from doing).
But then, I think it makes more sense to ladder fund durations (1 short, 1 intermediate, etc.)
I think with treasury ladders, you still have to decide if the market price is wrong for each rung; just like deciding for a one-fund investment. You can just sell the rungs that've done the best, but then you modified your avg. duration.
by MIretired
Sun May 15, 2022 8:04 pm
Forum: Investing - Theory, News & General
Topic: Assessing Recovery Time for Bond Funds
Replies: 11
Views: 2360

Re: Assessing Recovery Time for Bond Funds

Very interesting, #cruncher!
Contrary to my misguided analysis:
A 1yr bill has zero duration risk when measured in 1 yr. intervals.
But a 2 yr. bill has (2-0)/2 yrs. avg. duration risk not assuming coupons.
I think that's correct.

Edit: But in fact it's way too interesting for me to fathom at this time.

Edit: using limits, it's (1/3 2 yr + 1/3 1 yr + 1/3 0 yr) / 3 avg duration, = (2 + 1 + 0)/3 = 1 yr avg duration, correct?

Edit:And thanks dbr and nisiprius and others.
by MIretired
Mon May 09, 2022 11:29 pm
Forum: Personal Investments
Topic: VTI ex "Sin Stocks" in 2022
Replies: 33
Views: 3822

Re: VTI ex "Sin Stocks" in 2022

Hello, 1st poster.
Of course you've visited Morningstar.com on this category?
by MIretired
Sun May 08, 2022 12:47 am
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: Is compound yield the 1st geometric integral of annual yield?

Dale_G wrote: Sun May 08, 2022 12:45 am MIretired - please tell us that you are not an Engineer.

Dale
Yup. I'm not.
Seriously
by MIretired
Sat May 07, 2022 11:34 pm
Forum: Investing - Theory, News & General
Topic: Is future interest rate increase already priced into bnd price?
Replies: 9
Views: 1537

Re: Is future interest rate increase already priced into bnd price?

alex_686 wrote: Sat May 07, 2022 10:49 pm Even more so in the bond market then in the stock market. The math is so much more clear, thus the arbitrage trades much more reliable.

Here is a very simple tool.

https://www.cmegroup.com/trading/intere ... -fomc.html
Cool tool.
Where are we going.
by MIretired
Sat May 07, 2022 11:24 pm
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: Is compound yield the 1st geometric integral of annual yield?

I just changed the thread title.
Not that this thread has run it's specific course.
by MIretired
Sat May 07, 2022 8:46 pm
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: [How are yield and compound yield calculated?]

Oops.
Actually just the avg.

But it's additive over 2yrs?

Keeps working.
by MIretired
Sat May 07, 2022 8:38 pm
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: [How are yield and compound yield calculated?]

Working on my calculus;
Integral(x^2) = 2x/2 +c, I believe.
For x = 1.03,
Definite integral; never mind; it's a continuous function.
Only works that way?

Answer please.

Still a little confused why continuous has to be a limit;
but I see my errors.
by MIretired
Sat May 07, 2022 8:15 pm
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: [How are yield and compound yield calculated?]

LadyGeek wrote: Sat May 07, 2022 7:57 pm Sure, keep trying. Don't be afraid to ask simple questions. If you don't know the answer it's hard.

Can you give an example of something you've calculated? Even if you know the answer is wrong, try to explain what you did. We'll point out what's missing and go from there.
OK.
Pertaining to dbr's insinuation that calculus (I mean compounding, really; not calculus).
Is 2*2=2^2.
Is 3*3=3^2, etc.
Why is not the 1st integral of 2 yrs. not equal to 2*1yr?

If I appear incoherent, please give me leave for awhile.

I really have to think about moving average delays here, possibly.
by MIretired
Sat May 07, 2022 7:44 pm
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: [How are yield and compound yield calculated?]

To be honest, I'm still confused on how to measure one year's return, without error.
I'll keep trying.
I'll try to feedback.
by MIretired
Sat May 07, 2022 5:39 pm
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: Anyone think like yield + compound yield^(n-1)?

I'm guessing you're an engineer. Same here (but retired). :) What you're describing are basic first and second derivatives. It's not at all like that. Although the profession of "financial engineering" exists, there is no relation whatsoever between finance and engineering math. Let's start this off right. Yes, it's in the wiki. See: Comparing investments Every financial equation can be derived by describing a cash flow using 5 financial variables. Read the wiki article starting from cash flow. Got it? OK, let's work on your problem - compound interest. Here's a tutorial that starts from the very basics: Compound Interest Derivations As you read down the page, note the introduction of formulas for the financial variables mentione...
by MIretired
Sat May 07, 2022 4:43 pm
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: Anyone think like yield + compound yield^(n-1)?

I'm guessing you're an engineer. Same here (but retired). :) What you're describing are basic first and second derivatives. It's not at all like that. Although the profession of "financial engineering" exists, there is no relation whatsoever between finance and engineering math. Let's start this off right. Yes, it's in the wiki. See: Comparing investments Every financial equation can be derived by describing a cash flow using 5 financial variables. Read the wiki article starting from cash flow. Got it? OK, let's work on your problem - compound interest. Here's a tutorial that starts from the very basics: Compound Interest Derivations As you read down the page, note the introduction of formulas for the financial variables mentione...
by MIretired
Sat May 07, 2022 4:21 pm
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: Anyone think like yield + compound yield^(n-1)?

I admit that the problem is me/mine as I don't know finance.

It's just that I noticed an apparent discrepancy with the so-called 2d -1 formula for 'duration recovery?' where it apparently works whether I used/Kevin K/M? used for a 10-1 ladder and a 5-0 ladder.

I'll try to link that post if I can find it.

Thanks.

Edit. This link on 2d-1 duration recovery.
viewtopic.php?p=6586351#p6586351

Plus, read up/down from this.
by MIretired
Sat May 07, 2022 4:02 pm
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: Anyone think like yield + compound yield^(n-1)?

gobel wrote: Sat May 07, 2022 3:53 pm
MIretired wrote: Sat May 07, 2022 3:42 pm Edited title to"^".
just to be clear

r + (1+r)^(n-1)

is not the correct formula, and is not the same as

(1+r)^n - 1
Of course

Just to throw out there what I'm working off, because I start from something, is the standard distance formula with init. velocity and acceleration.
Add in in electrical theory, inductors integrate ac current, and capacitors differentiate ac current.
And these depend on if they are in the forward current path, or the negative feedback loop.
If someone knows engineering calculus or financial calculus, it would be to helpful at this point.

ETA. ac current means alternating current current; or just alternating current.
by MIretired
Sat May 07, 2022 3:52 pm
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: Anyone think like yield + compound yield*(n-1)?

Are you trying to impart a lesson on how realized compound yield will be higher than is intuitive? Since it is even when the reinvestment rate is lower than the initial coupon... If so, I don't think it's getting through. No. Just the 1st year is just a yield. YTM. 2nd year is *t (=1). So 2 years = 1yr yield *(1+yld). Not (1+yld)*2. The 1st year is current yield, not YTM. YTM assumes reinvestment of interest at initial rate throughout duration. 2 years is 1st year interest plus the 2nd year interest (at reinvestment rate) on that 1st year interest plus 2nd year interest from original investment. And so on. Sometimes, words are easier. The big mistake I've made in this thread is using (1+yld)*(n), when, for that, I should've used ^ (exponen...
by MIretired
Sat May 07, 2022 2:37 pm
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: Anyone think like yield + compound yield*(n-1)?

Are you trying to impart a lesson on how realized compound yield will be higher than is intuitive? Since it is even when the reinvestment rate is lower than the initial coupon... If so, I don't think it's getting through. No. Just the 1st year is just a yield. YTM. 2nd year is *t (=1). So 2 years = 1yr yield *(1+yld). Not (1+yld)*2. The 1st year is current yield, not YTM. YTM assumes reinvestment of interest at initial rate throughout duration. 2 years is 1st year interest plus the 2nd year interest (at reinvestment rate) on that 1st year interest plus 2nd year interest from original investment. And so on. Sometimes, words are easier. The big mistake I've made in this thread is using (1+yld)*(n), when, for that, I should've used ^ (exponen...
by MIretired
Sat May 07, 2022 7:00 am
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: Anyone think like yield + compound yield*(n-1)?

MIretired wrote: Sat May 07, 2022 5:53 am
alex345 wrote: Sat May 07, 2022 5:40 am congrats, you've discovered series approximations for small r

(1+r)^n = 1+n*r+(higher order terms in r)
It's just this:
The growth is the 1st derivative of the yield,
Not the 2nd!
Oops.
Back to the inverse!!
by MIretired
Sat May 07, 2022 5:53 am
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: Anyone think like yield + compound yield*(n-1)?

alex345 wrote: Sat May 07, 2022 5:40 am congrats, you've discovered series approximations for small r

(1+r)^n = 1+n*r+(higher order terms in r)
It's just this:
The growth is the 1st derivative of the yield,
Not the 2nd!
by MIretired
Sat May 07, 2022 5:04 am
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: Anyone think like yield + compound yield*(n-1)?

In essence. Your bond return (Nav / at par to negate duration matching), is not (1+ yield)*n( or t yrs.). Because you cannot count the 1st yr. as part of (n), as the 1st yr. is just the yield (annually) In annual MEASUREMENT. Cum se cum sa(sp). simple interest = P*r*n compound interest = P((1+r)^n - 1) Yea, but I'm going out on a line: What is 1yr total return? And then 2,3,4 yrs? Specifically , 1 yr. Is the 1st yr just the starting ytm? TY. ....your avg guess.? Cum si cum se, nuff said. Edit: with your n-1 factor,you probably told us. What I'm getting at, in re to gobel's post is: If you correctly count the n as a multiplication of yield, rather than an exponentiation, n becomes t-1; as in how many times do you multiply the principal + yi...
by MIretired
Sat May 07, 2022 3:03 am
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: Anyone think like yield + compound yield*(n-1)?

Beensabu wrote: Fri May 06, 2022 9:30 pm Are you trying to impart a lesson on how realized compound yield will be higher than is intuitive? Since it is even when the reinvestment rate is lower than the initial coupon... If so, I don't think it's getting through.
No.
Just the 1st year is just a yield. YTM.
2nd year is *t (=1).
So 2 years = 1yr yield *(1+yld).
Not (1+yld)*2.
by MIretired
Fri May 06, 2022 7:53 pm
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: Anyone think like yield + compound yield*(n-1)?

gobel wrote: Fri May 06, 2022 7:30 pm
MIretired wrote: Fri May 06, 2022 7:03 pm In essence.
Your bond return (Nav / at par to negate duration matching), is not (1+ yield)*n( or t yrs.).
Because you cannot count the 1st yr. as part of (n), as the 1st yr. is just the yield (annually) In annual MEASUREMENT.
Cum se cum sa(sp).
simple interest = P*r*n
compound interest = P((1+r)^n - 1)
Yea, but I'm going out on a line:
What is 1yr total return?
And then 2,3,4 yrs?
Specifically , 1 yr.
Is the 1st yr just the starting ytm?
TY. ....your avg guess.?
Cum si cum se, nuff said.

Edit: with your n-1 factor,you probably told us.
by MIretired
Fri May 06, 2022 7:03 pm
Forum: Investing - Theory, News & General
Topic: Is compound yield the 1st geometric integral of annual yield?
Replies: 59
Views: 4693

Re: Anyone think like yield + compound yield*(n-1)?

In essence.
Your bond return (Nav / at par to negate duration matching), is not (1+ yield)*n( or t yrs.).
Because you cannot count the 1st yr. as part of (n), as the 1st yr. is just the yield (annually) In annual MEASUREMENT.
Cum se cum sa(sp).