Search found 19 matches

by greg9840
Tue Jul 09, 2013 11:01 pm
Forum: Gold
Topic: Goldmoney etc.
Replies: 7
Views: 5336

Re: Goldmoney etc.

I think GoldMoney is probably OK, but I have been hearing a lot lately about Singapore being the new Switzerland.  They should be more insulated from problems in the West.  A new precious metals exchange just opened in Singapore.  Jim Rogers is apparently endorsing them: http://www.economist.com/blo...
by greg9840
Thu Jul 04, 2013 11:12 pm
Forum: Gold
Topic: New Singapore Precious Metals Exchange
Replies: 4
Views: 4193

Re: New Singapore Precious Metals Exchange

It's not clear how this works regarding the 0.25% trading fee.  The website has limited information, so I am not sure if they mean 0.25% above spot price, or if they mean 0.25% above the price the mint charges. One thing I like about this exchange is that they use Certis Cisco for the vault storage....
by greg9840
Wed Jul 03, 2013 11:52 pm
Forum: Gold
Topic: physical gold
Replies: 8
Views: 5686

Re: physical gold

My understanding is that gold coins, especially Gold Eagles and American Buffalos, are the most liquid.  That means you could walk into just about any coin shop with a bag of gold coins, and the dealer will buy them.  If you walk in with some random gold bars, the dealer might not want them because ...
by greg9840
Wed Jul 03, 2013 11:40 pm
Forum: Cash
Topic: Fidelity Core Account - SPAXX versus FCASH?
Replies: 8
Views: 23649

Re: Fidelity Core Account - SPAXX versus FCASH?

I'm not sure how I feel about laddering a portfolio of T-bills up to a year because if rapid inflation were to occur, I could miss out on the higher interest for a full year.  I just moved almost all of my cash to FDLXX, just to keep it safe while I am pondering this.  I don't like the fact that the...
by greg9840
Wed Jul 03, 2013 11:17 pm
Forum: Gold
Topic: New Singapore Precious Metals Exchange
Replies: 4
Views: 4193

New Singapore Precious Metals Exchange

This appears to be brand new.  They claim to be the world's first physical precious metals exchange.  http://www.sgpmx.com/ Singapore is supposedly very insulated from the West, so this may be much safer than Gold Money and BullionVault in a SHTF scenario.  The fees are reasonable at 0.25% to buy an...
by greg9840
Mon Jul 01, 2013 11:31 pm
Forum: Cash
Topic: Fidelity Core Account - SPAXX versus FCASH?
Replies: 8
Views: 23649

Fidelity Core Account - SPAXX versus FCASH?

I'm surprised I haven't seen much talk about this on this forum, since so many people are using Fidelity.  All Fidelity accounts come with a "core account", called FCASH, which is where cash sits, by default.  Fidelity offers the option to have the cash sit in a "government" mone...
by greg9840
Fri Jun 21, 2013 11:37 am
Forum: Permanent Portfolio Discussion
Topic: Oh how it hurts to see no gains
Replies: 412
Views: 188538

Re: Oh how it hurts to see no gains

After spending many years doing a 70/30 stock/bond blend with a broker, I felt an intense sense of relief when I read Fail-safe Investing and CraigR's PP book a few weeks ago.  I have been looking for something like the PP for so long.  So, I quickly fired my broker (something I have always wanted ...
by greg9840
Thu Jun 20, 2013 11:44 pm
Forum: Permanent Portfolio Discussion
Topic: Oh how it hurts to see no gains
Replies: 412
Views: 188538

Re: Oh how it hurts to see no gains

After spending many years doing a 70/30 stock/bond blend with a broker, I felt an intense sense of relief when I read Fail-safe Investing and CraigR's PP book a few weeks ago.  I have been looking for something like the PP for so long.  So, I quickly fired my broker (something I have always wanted t...
by greg9840
Thu Jun 13, 2013 11:12 pm
Forum: Permanent Portfolio Discussion
Topic: PP After Tax Performance?
Replies: 2
Views: 2027

Re: PP After Tax Performance?

Thanks Rickb.  I checked that other thread and I saw somebody giving a rough estimate that about 10% of the net proceeds will be paid in taxes.  So, if the PP makes 9.5% in a year, after taxes, it comes out to 8.55%, which is very respectable.  Can anyone who is using the PP in a taxable account con...
by greg9840
Tue Jun 11, 2013 7:34 pm
Forum: Permanent Portfolio Discussion
Topic: PP After Tax Performance?
Replies: 2
Views: 2027

PP After Tax Performance?

Hello everyone, The PP performance numbers since 1972 are obviously amazing, generating a return close to the stock market with far less volatility.  My PP is in a taxable account, so I was wondering, has anyone calculated the performance statistics with the assumption of being taxed, for example, i...
by greg9840
Tue Jun 11, 2013 12:26 pm
Forum: Bonds
Topic: Best way to buy long term treasuries
Replies: 21
Views: 12878

Re: Best way to buy long term treasuries

Thanks for all the great feedback.  If my 30 year treasuries have dropped in value after, say, 5 years, (when there are 25 years remaining to maturity) might it make sense to sell the treasuries at that time to lock in a tax loss (this is in a taxable account), and then use the proceeds to buy new 3...
by greg9840
Tue Jun 11, 2013 10:17 am
Forum: Bonds
Topic: Best way to buy long term treasuries
Replies: 21
Views: 12878

Re: Best way to buy long term treasuries

Does anybody on this forum ladder their long term treasuries?  I know HB said to buy 30 year treasuries and sell them 10 years later, but doesn't it make sense to build a 10 year ladder with average maturity of 25 years? Or, does it make sense to buy only 30 year treasuries and sell them all after 5...
by greg9840
Mon Jun 10, 2013 1:34 am
Forum: Cash
Topic: Laddering T-bills
Replies: 6
Views: 5408

Re: Laddering T-bills

I don't think I understand how I-bonds work.  How do I-bonds compare to T-bills?
by greg9840
Sun Jun 09, 2013 9:41 pm
Forum: Bonds
Topic: Best way to buy long term treasuries
Replies: 21
Views: 12878

Re: Best way to buy long term treasuries

I think Harry Browne thought funds such as TLT make it easier for people to use the PP strategy.  But he was always very cautious and focused a lot on all of the risks.  Funds like TLT add another layer to the risks in the event iShares makes a mistake, commits fraud, or fails completely.  There are...
by greg9840
Sun Jun 09, 2013 8:13 pm
Forum: Bonds
Topic: Risks holding bonds with a broker versus Treasury Direct
Replies: 9
Views: 7153

Re: Risks holding bonds with a broker versus Treasury Direct

Why are you confident Fidelity would cover you 100%? Well, in looking further at Fidelity's security policy at https://www.fidelity.com/security/customer-protection-guarantee The language is sort of vague, but it implies that they will cover the losses if the losses are not my fault, whatever that ...
by greg9840
Sun Jun 09, 2013 2:59 am
Forum: Cash
Topic: Laddering T-bills
Replies: 6
Views: 5408

Laddering T-bills

Hello everyone, Harry Browne consistently recommended that people use Treasury backed money markets for the cash portion of PP.  These types of accounts are hard to come by, and the fees typically exceed the interest being paid, I believe.  So, since Treasury backed money market accounts currently a...
by greg9840
Sat Jun 08, 2013 11:27 pm
Forum: Bonds
Topic: Risks holding bonds with a broker versus Treasury Direct
Replies: 9
Views: 7153

Re: Risks holding bonds with a broker versus Treasury Direct

Thanks for the info.  rickb, I set up a TD account a few days ago, and when I set up my password, originally, I typed it on my regular keyboard.  Only after I set up my account did it show the virtual keyboard when I logged in.  So, if my PC had a keyboard sniffer on it, criminals would have seen th...
by greg9840
Sat Jun 08, 2013 1:49 am
Forum: Bonds
Topic: Best way to buy long term treasuries
Replies: 21
Views: 12878

Best way to buy long term treasuries

Hello everyone, Based on everything I have read about the permanent portfolio, it seems close to unanimous that people should buy actual long term treasuries, when possible, as opposed to buying a long term treasuries fund.  But I am seeing conflicting information on how to buy treasuries.  Some peo...
by greg9840
Sat Jun 08, 2013 12:20 am
Forum: Bonds
Topic: Risks holding bonds with a broker versus Treasury Direct
Replies: 9
Views: 7153

Risks holding bonds with a broker versus Treasury Direct

Hello everyone, I am in the process of liquidating my old 60/40 portfolio and I am deploying everything into a permanent portfolio.  I am having a very hard time weighing the risks of holding my bonds in my Fidelity brokerage account versus at Treasury Direct.  With Fidelity, there is counter-party ...