Search found 1150 matches

by Tortoise
Fri Sep 20, 2019 1:36 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 24
Views: 373

Re: Cracks emerging in money markets?

dualstow wrote:
Fri Sep 20, 2019 1:29 pm
Going the other way, if I truly need to transfer from another MM to treasury, I think it's too late.
Why is it too late?
by Tortoise
Fri Sep 20, 2019 12:14 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 24
Views: 373

Re: Cracks emerging in money markets?

Wow, I just checked the fund description for Vanguard's Federal MM fund (VMFXX), and currently 20% of its holdings are repos! :o I have a big chunk of cash invested in VMFXX out of convenience since it's my settlement fund and Vanguard doesn't allow using their Treasury MM fund (VUSXX) as a settleme...
by Tortoise
Fri Sep 20, 2019 12:04 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 24
Views: 373

Re: Cracks emerging in money markets?

I really don't know enough about the repo market to know what would have happened if the Fed hadn't stepped in. All I know is that the Fed has injected $203 billion in the past three days, which is 48% of the size of the 2008 TARP program ($426 billion). And it may continue. Source? Source for the ...
by Tortoise
Fri Sep 20, 2019 12:21 am
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 24
Views: 373

Re: Cracks emerging in money markets?

How can this hurt Joe Average investors? I don't go around all day thinking about the repo market. Might MM funds "bust the buck"? Since the repo market is apparently the "plumbing" of the banking world, it's not very sexy and hardly anybody (including us) pays much attention to it. I really don't ...
by Tortoise
Thu Sep 19, 2019 6:07 pm
Forum: Permanent Portfolio Discussion
Topic: Gold / Stock / Bonds at highs or near highs?
Replies: 15
Views: 393

Re: Gold / Stock / Bonds at highs or near highs?

I actually have the opposite problem from you, vantage :) I'm 100% invested in the PP, and I'd like to transfer my former employer's 401(k) to my current one (at a different financial institution) to simplify things. But doing that will require me to convert the old 401(k) to cash and wait for proba...
by Tortoise
Thu Sep 19, 2019 4:02 pm
Forum: Bonds
Topic: ILT Alternatives?
Replies: 4
Views: 161

Re: ILT Alternatives?

There have almost always been long-term government bond funds other than TLT. I believe the reason Craig listed TLT as the “only” option is because he considered it mandatory for an LTT fund’s prospectus to require it to hold ONLY long-term Treasuries and nothing else. At the time, I think TLT was t...
by Tortoise
Thu Sep 19, 2019 3:28 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 24
Views: 373

Re: Cracks emerging in money markets?

Fed intervenes in money markets for the third day in a row...

https://www.bloomberg.com/news/articles ... raight-day
by Tortoise
Tue Sep 17, 2019 11:55 pm
Forum: Other Discussions
Topic: Service economy inspires crappy design
Replies: 24
Views: 430

Re: Service economy inspires crappy design

Even among modern cars, there are some big differences. Here's a rollover comparison between a Volvo XC-90 and a Ford Explorer. The first 45 seconds during the Volvo test are pretty boring (which says a lot), but things get REALLY exciting in the second half when they do the Ford... https://youtu.b...
by Tortoise
Tue Sep 17, 2019 11:40 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 24
Views: 373

Cracks emerging in money markets?

by Tortoise
Tue Sep 17, 2019 3:24 am
Forum: Other Discussions
Topic: Service economy inspires crappy design
Replies: 24
Views: 430

Re: Service economy inspires crappy design

Aerodynamics are an important part of fuel efficiency, but if you drastically reduce maintenance costs with a simplified, standardized, modular design it might be worth losing some aerodynamics. Worth it to the car companies? How would they profit from easier maintenance? The service center mechani...
by Tortoise
Mon Sep 16, 2019 3:28 pm
Forum: Other Discussions
Topic: Service economy inspires crappy design
Replies: 24
Views: 430

Re: Service economy inspires crappy design

I'm guessing that the lack of ease in home maintenance is a trade off the car companies make in order to achieve optimized aerodynamics and weight. That would help explain why back when people worked on their own cars, they were landboats. And some of those landboats looked really cool! Aerodynamic...
by Tortoise
Sat Sep 14, 2019 4:55 pm
Forum: Other Discussions
Topic: Service economy inspires crappy design
Replies: 24
Views: 430

Re: Service economy inspires crappy design

Xan wrote:
Sat Sep 14, 2019 3:15 pm
Sounds great to me. Would it be legal?
Sure, why wouldn’t it be?