Using July 1st each year starting in 2002, TLT was 82, 92, 84.59, 93.11, 85.80, 87.66, and 91.67 ending July 1st 2008. So If you take a simple average for seven years you get $88.11. The dividends in 2007 appear to be $4.19 or a yield of 4.75%. I picked these years as they were before all the "Q" funny business and were in a period of lower inflation.
For a guy that needs to hold his nose to buy TLT, I would like to know what others think is a fair value when adding to your TLT position.
What is fair Value for TLT?
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Re: What is fair Value for TLT?
I have always thought that fair value is a term more often used when one is practicing value investing. The PP is definitely not a value strategy, so if you are actually trying to do the PP I would just follow rebalancing bands.
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Re: What is fair Value for TLT?
For me to buy TLT I would not need to rebalanced until it hit $79. Fair value for TLT probably is not the right term. Let say you have a fat VP that need to be reduced at some time. The question for the panel is what is a juicy buy for TLT with new money? Or when is TLT out of its possible bond bubble with all the "Q" buying of treasuries?melveyr wrote: I have always thought that fair value is a term more often used when one is practicing value investing. The PP is definitely not a value strategy, so if you are actually trying to do the PP I would just follow rebalancing bands.
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Re: What is fair Value for TLT?
Whatever someone is willing to pay for it.modeljc wrote: ...I would like to know what others think is a fair value when adding to your TLT position.
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