Search found 336 matches

by jhogue
Mon Oct 14, 2019 8:46 am
Forum: Cash
Topic: New I bond rate, 5/1/19 to 10/30/19
Replies: 7
Views: 2033

Re: New I bond rate, 5/1/19 to 10/30/19

From Tipswatch on seeking alpha I-Bond Investors: Act Now, Don't Delay Oct. 12, 2019 7:02 PM I Bonds issued before November 1 will carry a permanent fixed rate of 0.50%, creating a real return higher than that of a 5-, 10- or 20-year TIPS. The Treasury will reset this fixed rate on November 1, and ...
by jhogue
Mon Sep 30, 2019 11:03 am
Forum: Other Discussions
Topic: Boglehead topic best watch for $5000
Replies: 25
Views: 3520

Re: Boglehead topic best watch for $5000

My wife bought a Rolex for me more than 30 years ago as a wedding present. I wear it almost every day. She also bought a Rolex for herself at the same time. Hers is solid gold; mine is mostly stainless steel. She rarely wears hers. It mostly sits in the safe deposit box next to our stack of I-bonds ...
by jhogue
Sat Sep 28, 2019 12:53 pm
Forum: Permanent Portfolio Discussion
Topic: Gold / Stock / Bonds at highs or near highs?
Replies: 65
Views: 2909

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

yep we are selling , not buying ... we were selling everything off since we don't want to be landlords in retirement . we want only liquid , passive investments that can be sold or swapped with the click of a button . the new rental laws in new york make being a landlord here not desirable as well ...
by jhogue
Tue Sep 24, 2019 1:09 pm
Forum: Other Discussions
Topic: Will Trump be Re-elected?
Replies: 628
Views: 59348

Re: Will Trump be Re-elected?

Everything will be exactly the same, except different. In 2020, Dems will nominate Elizabeth Warren who will rail against plutocrats in banks, Wall Street, and offshore tax havens; but for taxes on Roth IRAs over $1 million, tighter capital controls, and Obamacare Plus Free Everything. Ironically, ...
by jhogue
Tue Sep 24, 2019 8:37 am
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 49
Views: 1866

Re: Cracks emerging in money markets?

Its way complex...but the bottom line is it isn’t the liquidity being injected but the spread that matters. Wide spread basically means trust is breaking down. +1 For even more detail and analysis, see "Securitized Banking and the Run on the Repo," by Gary Borton and Andrew Metrick, a National Bure...
by jhogue
Mon Sep 23, 2019 11:55 am
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 49
Views: 1866

Re: Cracks emerging in money markets?

Nope..not concerned at all..repurchase agreements are standard fed action whether a fund takes part or not I think a lot of investors would have described buying and selling in the large secondary market in collaterized mortgage obligations-- the sort held by Bear Stearns prior to 2008 -- as a stan...
by jhogue
Mon Sep 23, 2019 11:39 am
Forum: Permanent Portfolio Discussion
Topic: Gold / Stock / Bonds at highs or near highs?
Replies: 65
Views: 2909

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

exactly my point ... we have little in the way of data points with all 3 moving up together when bond rates are so low . bonds at this level are the ones i worry about the most ..we saw tlt plunge 7% in a matter of days before a bounce ...at these levels i would be very careful with long term treas...
by jhogue
Fri Sep 20, 2019 1:12 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 49
Views: 1866

Re: Cracks emerging in money markets?

I owned it directly through the fund company, back in the old days and before brokerage accounts became fund supermarkets. Sorry, I was a little fuzzy (or slightly senile?) on the details. The company went defunct in 2004 after paying $80 million in restitution to their investors. The founder and C...
by jhogue
Fri Sep 20, 2019 12:53 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 49
Views: 1866

Re: Cracks emerging in money markets?

I owned it directly through the fund company, back in the old days and before brokerage accounts became fund supermarkets.
by jhogue
Fri Sep 20, 2019 12:21 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 49
Views: 1866

Re: Cracks emerging in money markets?

Thanks for the report on Schwab YieldPlus. The analogy to sausage making is apt. I owned Strong Ultra Short Bond Fund in the 1990s, with the usual dumb desire to chase yield. After I learned that the fund manager went to jail for securities fraud, I decided to get out. In addition to the obvious hea...
by jhogue
Fri Sep 20, 2019 9:58 am
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 49
Views: 1866

Re: Cracks emerging in money markets?

pugchief wrote:
Fri Sep 20, 2019 7:37 am
Fidelity MM (SPRXX) which generally yields 0.25% or so more than their Treasury MM (FZFXX) is now paying 0.1% less.

I wonder if there is more to be concerned about than we think?
Don't buy repos. Don't buy money market funds "juiced" with repos. Don't be sorry. Buy Treasurys.
by jhogue
Fri Sep 20, 2019 9:46 am
Forum: Permanent Portfolio Discussion
Topic: Gold / Stock / Bonds at highs or near highs?
Replies: 65
Views: 2909

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

vnatale, If there is any “flaw” in your thinking, it is that you have not fully considered the role that Cash plays in the HBPP. You are correct: all of the “volatile” PP assets are at/near all time highs. On the other hand, Cash is at/near an all time low. Years of ZIRP have convinced the consensus...