Search found 233 matches

by jhogue
Tue Jan 22, 2019 1:46 pm
Forum: Cash
Topic: Increased Liquidity when buying at Treasury Direct?
Replies: 17
Views: 269

Re: Increased Liquidity when buying at Treasury Direct?

Margin loans are a form of leverage. Uncle Harry said never use leverage on PP assets. I'm with Uncle Harry on this one.

EDIT: Come to think of it, margin might be useful as a form of overdraft protection, but I still would not make a habit of it.
by jhogue
Tue Jan 22, 2019 9:12 am
Forum: Cash
Topic: Increased Liquidity when buying at Treasury Direct?
Replies: 17
Views: 269

Re: Increased Liquidity when buying at Treasury Direct?

Pugchief, I use my Fidelity brokerage account’s “available to withdraw” window much as you do, except that I replenish for major purchases from STTs I keep on auto-roll. I also like Fidelity’s no-fee credit card with the 2% rebate. It is probably the highest rate that automatically covers all purcha...
by jhogue
Sun Jan 20, 2019 9:33 am
Forum: Cash
Topic: Increased Liquidity when buying at Treasury Direct?
Replies: 17
Views: 269

Re: Increased Liquidity when buying at Treasury Direct?

#2 is incorrect. If sold in the secondary market you are paying the bid-ask spread. Correction noted. I should have said: There is no commission or management fee to buy/sell/ or hold Treasuries of any maturity in major brokerage accounts like Fidelity. Like any marketable security, there will be a...
by jhogue
Sat Jan 19, 2019 10:12 pm
Forum: Cash
Topic: Increased Liquidity when buying at Treasury Direct?
Replies: 17
Views: 269

Re: Increased Liquidity when buying at Treasury Direct?

1. There is no cost to transfer funds from maturing T bills in a TreasuryDirect account into a linked bank or brokerage account. https://www.treasurydirect.gov/indiv/products/prod_tbills_glance.htm 2. There is no cost to buy/sell/hold T bills held in major brokerage accounts like Fidelity. 3. Unlike...
by jhogue
Fri Jan 18, 2019 10:52 am
Forum: Cash
Topic: FDIC risk
Replies: 11
Views: 279

Re: FDIC risk

Speaking of Treasuries.... Vanguard's Treasury-only money market has been open for a while, with a minimum initial investment of $50K. It has an astonishingly low ER of 0.09, which is really worth it as an alternative to the T bill autoroll game or ETFs, which are kind of a pain to sell & buy. Ques...
by jhogue
Thu Jan 17, 2019 1:19 pm
Forum: Other Discussions
Topic: Jack Bogle has died
Replies: 17
Views: 333

Re: Jack Bogle has died

In an era that so often seemed to be defined by financial crooks, thieves, con men, and charlatans is it not simply amazing that one honest man could do so much good for so many?
by jhogue
Thu Jan 17, 2019 12:57 pm
Forum: Cash
Topic: FDIC risk
Replies: 11
Views: 279

Re: FDIC risk

Also note that over its two century history, the U.S. Treasury has never failed to make full and prompt payment on Treasury-issued securities. If you own Treasuries, you will never have to stand in line while the FDIC takes over your failed bank and fixes the mess. So, back to the OP's question: I w...
by jhogue
Thu Jan 10, 2019 6:52 pm
Forum: Other Discussions
Topic: Krugman on taxes
Replies: 62
Views: 937

Re: Krugman on taxes

I love tax policy when it goes religious. All kinds of tax policies work. All tax policies shape incentives. If a country’s citizens are cool with it, it funds whatever citizens want funded and doesn’t cause large elements of commerce to go black or grey market then the tax is “ok.” One of my favor...
by jhogue
Tue Jan 08, 2019 11:47 pm
Forum: Other Discussions
Topic: Limiting tax-deferred savings
Replies: 15
Views: 490

Re: Limiting tax-deferred savings

In principle, pugchief is right: you probably won’t go too far wrong by deferring as much as you can, as soon as you can, for as long as you can. That said, it also makes sense to build in tax diversification over time using Roth IRAs, Roth conversions, HSAs, savings bonds, or even variable annuitie...
by jhogue
Wed Jan 02, 2019 1:08 pm
Forum: Other Discussions
Topic: Will Trump be Re-elected?
Replies: 34
Views: 5863

Re: Will Trump be Re-elected?

I agree Warren will be interesting, but I wonder if she shot herself in the foot with the whole Native American thing. You can be sure Trump won't ever let her live that down. Cort, you may be right, but I think it is possible that the whole Pocahontas story may appeal to a certain niche of her vot...
by jhogue
Tue Jan 01, 2019 10:06 pm
Forum: Other Discussions
Topic: Will Trump be Re-elected?
Replies: 34
Views: 5863

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
Sun Dec 30, 2018 10:56 am
Forum: Permanent Portfolio Discussion
Topic: Worst investing year ever...
Replies: 59
Views: 8461

Re: Worst investing year ever...

I was surprised at how good the HBO movie from "Too Big To Fail" was. Strong performances by William Hurt as Treasury Secretary Hank Paulson and Paul Giamatti as Fed Chair Ben Bernanke. My favorite scene was Paulson (R) literally getting down on his knees and begging Nancy Pelosi (D) to support the ...