IBDU
iShares Trust - iShares iBonds Dec 2029 Term Corporate ETF
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If you have a planned purchase like a home or college fund, dated funds like IBDU can make sense. You can DRIP or take the interest and put it back to equity.
I'm not sure you understand [inflation](https://www.federalreserve.gov/faqs/economy_14419.htm). 2023 inflation was [4.5%](https://www.cbo.gov/publication/59431) [SGOV](https://www.ishares.com/us/products/314116/ishares-0-3-month-treasury-bond-etf) has a 30 day SEC yield of 5.20% 5.20% - 4.5% = .7% real return. If we did a term bond ETF that ends in 5 years(the easiest way in a single fund for the house downpayment) we would do something like [IBDU](https://www.ishares.com/us/products/310035/ishares-ibonds-dec-2029-term-corporate-etf) which has a seC 30 day yield of 4.85%: 4.85% - 4.5% = 0.35% real return. We don't know what 2024's inflation will be yet, but as it comes around we can do this same sort of math and see what our real return will actually turn out to be. Getting 2%/yr real return from bonds right now is not easy. If anything I was overly optimistic with my 2%/yr real return, but I did that on purpose. If you think I'm wrong, please explain it with some depth of reasoning.
There's target maturity date bond etfs that hold bonds in the same maturity date IBDR IBDU IBDT and so on Any reason why you'd want one of those instead?
There are also defined maturity bond ETFs. IBDU is an example.