Subject: Re: Portfolio for a 90 year old
Jeff,
Very helpful. I had forgotten that long era when inflation was greater than zero and short-term rates were being held down by the Fed. I'm bothered about being taxed on both changes in principal and coupon interest but I suspect one still wins compared to the Tbill. You mention TIPS yields being negative during the COVID era. As I read the Treasury page they say if held to maturity you never get less than your starting principal but I wonder what happens if you sell your TIPS before full maturity? Do you have the potential of losing principal?

Rgds,
HH/Sean