In 2022 I bought a 100k 5 year individual TIPS fund on Treasury Direct I paid over $102k. I understand that when it matures next year I will recover 100k and not 102k. The interest payments are great but overall it’s hard to see buying this TIPS fund was a good decision when you lose over $2k at the start.
Am I missing something here? Or what did I do wrong? Buying TIPS after pandemic? Joining an auction as a retail investor with institutional investors bidding so the price spikes?
The idea of a TIPS ladder sounds great for security, but not when you incur losses at the gate.