Dear Eric,

Post #45 of #54 was very helpful. I just reread it, again, and I now understand the difference between rate and yield.
I definitely needed to buy these things before the words, rate and yield, revealed their properties to me. If someone said, use cinnamon for a particular taste, I could do it in the abstract but it helps to know what cinnamon "tastes" like. Well, anyway, now that I may have paid too much for something, or understand how I could have, it has a lot more relevance to me. :)

So, thanks. Your explanation does a great job of summing up what I experienced. I understand more what calculations i need to do beforehand.

Also, practicing with paper trades now makes sense to me so i can practice with the variables. So, thanks, again, to you (or possibly, to Charlie Bonds, for suggesting the concept of paper-trading. I need to go back to see who said that.)


Best wishes,
Elizabeth