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You're simply not marking your losses to market - not having a loss here is an accounting fiction, not a real financial difference. In both situations, you have less money than if you'd bought the bonds at a later time instead.


> In both situations, you have less money than if you'd bought the bonds at a later time instead.

But this is not the situation I described. My point is that buying the bonds in January would have been better than buying the bond fund in January.

If you look at mvilim's response to my comment you will see that the fund underperformed bonds between January and today.




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