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Re: Public Heel post# 2672

Friday, 07/12/2002 10:48:13 AM

Friday, July 12, 2002 10:48:13 AM

Post# of 704041
Public Heel,

In early 2000 Brinker advised everyone to go 100% Ginnie Maes. When the yield dropped with the interest rate, there was a huge increase in the underlying bond price. Not only have those that took his advice been yielding over 5 1/2% interest, but the overall return to date exceeds 27%. Not bad when all around you are loosing their ass. Right now he still is advising GNMA's. I don't agree because when rates begin to rise, the price will fall more than the yield.

BWDIK

BT



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