A listener asked Marcelo d'Agosto about the best way to invest in Treasury IPCA to generate recurring income. Her suggestion was to invest half the amount in bonds maturing in even years and half in odd years, so instead of receiving interest every six months, she would receive it every three months.
Marcelo d'Agosto confirmed that the strategy works. Treasury IPCA bonds with semi-annual interest can mature on May 15 or August 15. Bonds maturing on May 15 pay interest in May and November, while those maturing on August 15 pay in February and August.
By investing half the amount in each maturity date, the investor receives interest every three months: February, May, August, and November, providing greater frequency to the receipts.
The specialist warned about two precautions. The first is not extending the portfolio too much to avoid major exposure to mark-to-market price fluctuations, since those who need the funds may be harmed by changes in bond prices.
