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There was a good quote in The Age Of Stagnation by Satyajit Das where a corporate CEO said something like "Money isn't the problem. I can go out tomorrow and get a billion dollars at 0% interest. The problem I have is; what am I going to do with it? What am I going to spend it on?" They don't seem ...
- Tue Jan 22, 2019 10:39 am
- Forum: Bonds
- Topic: Question on duration vs maturity
- Replies: 4
- Views: 137
They actually back-calculate the duration of a bond fund by observing market price change as a function of interest rate change. It's empirical, not bottoms up based on what they own. Complicated stuff.
- Tue Jan 22, 2019 10:15 am
- Forum: Permanent Portfolio Discussion
- Topic: There seems to be an advantage to Roth conversion now until 12/31/2025
- Replies: 95
- Views: 19177
If the Democrats take over in 2020, you'll have wished you Roth converted when you could, after they rip out the tax cuts on party line vote.
Buying back shares with covenant lite BBB corporate debt (wink) instead of property, plant, equipment, R&D?
Is the U.S. Stock Market Bubble Bursting? A New Model Suggests “Yes” GMO White Paper, Marn Tarlie, January 2019 https://drive.google.com/file/d/0Bx16Irpog1-Nc0ZWZEk4RzdkN25QZ1VkcWg5Y0ZvUTJzQ080/view?usp=sharing Key Points ■ A new model suggests that from early 2017 through much of 2018, the U.S. sto...
My understanding is that for portfolio risk, duration matters. Maturity is a calendar date, but because not all bonds are created equal (default risk, call risk), duration is related to but not equal to maturity. Only for Treasuries are they the same.
- Mon Jan 21, 2019 2:55 pm
- Forum: Permanent Portfolio Funds
- Topic: Permanent Portfolio Fund - 2018 Returns.
- Replies: 7
- Views: 190
Straight PP leveraged Something PP risk parity-ish leveraged With DualMo for the stock component leveraged A PP with no cash (e.g. 33.33% to the other three) with the assumption you have your own cash elsewhere And the above with different leverage amounts 1.25, 1.5, 2.0, 3.0 When Shiller's CAPE is...
He's an oddity, but even oddities could be right, if only purely by accident. Charles Nenner says to look for gold to make a low in mid-June 2019, then head higher. I mean, why not? I need to buy ~1% more gold, to make my pile 12.5%, which would fit into my ambition to have half-HBPP and half-VP.
- Sun Jan 20, 2019 3:07 pm
- Forum: Cash
- Topic: How to withdraw cash in retirement?
- Replies: 6
- Views: 608
"and any less frequently means more money gaining zero interest in the current account (deposit interest rates are low at present, but maybe not forever)." Jesus Mary and Joseph, get thee to an online bank which pays 2% or more in savings. We don't want to hear about how you've banked at Wells / BA ...