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lehman bond, 12y (?) later

davidrmorandavidrmoran
in Off-Topic
In the mid-naughts, maybe earlier, with two kids in expensive college and trying to look ahead prudently, I bought Lehman bonds for my wife and me. Meaningful moneys were invested, by our standards.
At some point I presciently sold mine for gain to some other hapless soul. Being more prudent with her investments than with mine, we held onto my wife's.
Today I got email from Fidelity saying that its fate had finally been "settled": $130 per $10k bond.
Here endeth today's lesson.

Comments

  • TedTed
    @MFO Members: Your not an investor until you've lost money on some investments.
    Regards,
    Ted
  • davidrmorandavidrmoran
    Well, sure, that lesson I had learned decades prior, and since, but not with a high-rated bond. Was the point.
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