Search found 663 matches

by jhogue
Fri Jan 14, 2022 4:23 pm
Forum: Cash
Topic: Bank Bonuses
Replies: 5
Views: 106

Re: I Bonds vs Bank Bonuses

There are a lot of good bank deals out there but the deal breaker is direct deposit …I am not shifting our social security or pension around for just a few months . But if people don’t mind doing it there are deals worth hundreds of dollars around . Citi bank is great because they don’t require dir...
by jhogue
Fri Jan 14, 2022 8:53 am
Forum: Bonds
Topic: I Bonds for Permanent Portfolio
Replies: 40
Views: 1034

Re: I Bonds for Permanent Portfolio

FINALLY asking an at about six month old question regarding iBonds. I filed my 2020 tax return on May 15, 2021. I realized the mistake(s) I'd made on my 2019 so that instead of my $5,000 refund going toward purchasing iBonds it was sent to me as a refund. I thought that I had done all correctly on ...
by jhogue
Thu Jan 13, 2022 9:53 am
Forum: Bonds
Topic: I Bonds for Permanent Portfolio
Replies: 40
Views: 1034

Re: I Bonds for Permanent Portfolio

Sorry, Xan, but we will have to agree to disagree. I personally re-use tea bags. I also clip coupons for my local carwash. I also labor under the assumption that everyone reading the forum personally knows that you can't invest in something unless you save something. As you suggest, the imperative t...
by jhogue
Thu Jan 13, 2022 9:27 am
Forum: Bonds
Topic: I Bonds for Permanent Portfolio
Replies: 40
Views: 1034

Re: I Bonds for Permanent Portfolio

Some spend their lives clipping coupons too or reusing tea bags so everything is relative mathjak, Shame on you! There is absolutely nothing wrong with teaching thrift to our children and grandchildren. One of the giants of the American Revolution, Benjamin Franklin, expressed it best: A PENNY SAVE...
by jhogue
Thu Jan 13, 2022 9:20 am
Forum: Bonds
Topic: I Bonds for Permanent Portfolio
Replies: 40
Views: 1034

Re: I Bonds for Permanent Portfolio

The 10k would be more an inconvenience opening the accounts with treasury direct and moving money and would be peeing in the ocean for us so I look for bigger deals with more money all the time. One man's peeing in the ocean is another man's partial solution for becoming semi wealthy! Seriously, th...
by jhogue
Thu Jan 13, 2022 9:03 am
Forum: Bonds
Topic: I Bonds for Permanent Portfolio
Replies: 40
Views: 1034

Re: I Bonds for Permanent Portfolio

The only issue I could see with I-bonds is that they're issued directly to you buy the Treasury, unlike bills/bill MFs that you buy at your broker. It's conceivable that in a big SHTF event, the Treasury would refuse to cash your I-bonds. I still think it's a good risk to take for deep cash. Kriegs...
by jhogue
Wed Jan 05, 2022 9:10 am
Forum: Cash
Topic: Highest I bond rate ever: 7.12%
Replies: 35
Views: 3771

Re: Highest I bond rate ever: 7.12%

A couple of recent posts by forum members remind us that you can boost your I bond holdings significantly by treating this side of the New Year as another buying opportunity. This is a good way to deal with Treasury’s I bond purchase limitation of $10,000 per SSN per year (a common complaint among i...
by jhogue
Wed Dec 22, 2021 2:20 pm
Forum: Permanent Portfolio Discussion
Topic: Yay PP!
Replies: 106
Views: 2987

Re: Yay PP!

You seem more interested in our portfolios than yours.
by jhogue
Wed Dec 22, 2021 2:17 pm
Forum: Permanent Portfolio Discussion
Topic: Yay PP!
Replies: 106
Views: 2987

Re: Yay PP!

That makes mathjak our resident guru in "deep bitching." budd seems preoccupied with normal everyday bitching.
by jhogue
Tue Dec 21, 2021 1:46 pm
Forum: Permanent Portfolio Discussion
Topic: Yay PP!
Replies: 106
Views: 2987

Re: Yay PP!

The question that mathjak has to answer is whether equity-heavy portfolios like his will experience regression to the mean.
by jhogue
Tue Dec 21, 2021 9:36 am
Forum: Permanent Portfolio Discussion
Topic: Yay PP!
Replies: 106
Views: 2987

Re: Yay PP!

Anyone who actually holds 25% in Cash knows that it is not moving in tandem with the other PP assets. In fact, real returns on Cash have been zero or negative. Thus the recency bias that characterizes mathjak's posts.
by jhogue
Thu Dec 16, 2021 8:46 am
Forum: Cash
Topic: Highest I bond rate ever: 7.12%
Replies: 35
Views: 3771

Re: Highest I bond rate ever: 7.12%

Thanks.

I guess a record high yield is the best sales campaign for I bonds .
by jhogue
Wed Dec 15, 2021 12:11 pm
Forum: Cash
Topic: Highest I bond rate ever: 7.12%
Replies: 35
Views: 3771

Re: Highest I bond rate ever: 7.12%

Kriegs,

Nice chart. Where did you find it?

( I am curious why it leaves out everything before 2013).
by jhogue
Wed Dec 01, 2021 9:14 am
Forum: Bonds
Topic: Staying the course with LTTs
Replies: 109
Views: 6586

Re: Staying the course with LTTs

Is the PP under-performing, or is the stock market over-performing?
by jhogue
Mon Nov 22, 2021 9:57 am
Forum: Bonds
Topic: i-Bonds How-to Q&A as of 2021 November
Replies: 14
Views: 1361

Re: i-Bonds How-to Q&A as of 2021 November

The only thing I would quibble about is that this thread belongs with Cash, rather than Bonds. ;) I struggled over that, JHogue. :-) You’re right. Even though i*Bonds are often used for deep cash and certainly not for what we know as the Bond portion of the pp, I figured “Bond” is right in the name...
by jhogue
Fri Nov 19, 2021 12:56 pm
Forum: Bonds
Topic: i-Bonds How-to Q&A as of 2021 November
Replies: 14
Views: 1361

Re: i-Bonds How-to Q&A as of 2021 November

The only thing I would quibble about is that this thread belongs with Cash, rather than Bonds.

;)
by jhogue
Sat Nov 13, 2021 12:35 pm
Forum: Bonds
Topic: I Bonds for Permanent Portfolio
Replies: 40
Views: 1034

Re: I Bonds for Permanent Portfolio

@ Goldismoney 23: Welcome to the forum! As an investor following Harry Browne’s Permanent Portfolio, I also use I-bonds as “deep cash,’ by which I mean cash that I do not hold for immediate liquidity. At present, I keep about half of my Cash allocation (roughly 12.5%) in I-bonds and the other half i...
by jhogue
Tue Nov 09, 2021 7:38 am
Forum: Bonds
Topic: Sucks to Be An I-Bond Hater
Replies: 33
Views: 8191

Re: Sucks to Be An I-Bond Hater

Imagine that... A doctor and a dentist find it too inconvenient to waste their precious time investing in I-bonds!

But seriously, the real question is what would they buy for guaranteed fixed income and inflation protection instead?
by jhogue
Fri Nov 05, 2021 3:10 pm
Forum: Cash
Topic: Highest I bond rate ever: 7.12%
Replies: 35
Views: 3771

Re: Highest I bond rate ever: 7.12%

Xan, Are you sure about that? Hillsdale College appears on the Dept. of Education's Database of Accredited Postsecondary Institutions and Programs. So far as I know, that qualifies students at Hillsdale to use US savings bonds to pay for qualified higher education expenses. See: https://ope.ed.gov/d...
by jhogue
Fri Nov 05, 2021 1:29 pm
Forum: Cash
Topic: Highest I bond rate ever: 7.12%
Replies: 35
Views: 3771

Re: Highest I bond rate ever: 7.12%

Corto, TIPS have two principal issues, which I think makes them unsuitable for PP investors: 1. Interest rate risk. Unlike I-bonds, where the interest rate is known and guaranteed at the time of purchase, TIPS can turn negative, wiping out your gains from interest or capital gains (or both). I take ...
by jhogue
Fri Nov 05, 2021 9:36 am
Forum: Cash
Topic: Highest I bond rate ever: 7.12%
Replies: 35
Views: 3771

Re: Highest I bond rate ever: 7.12%

1. Barrett is correct. The current composite I-bond rate of 7.12% is good for the next six months after purchase. 2. For 2022, how you time your I bond purchase should be guided by where you think the interest rate will be on 1 May 2022 and 1 November 2022. I doubt that rates will be higher than 7.1...
by jhogue
Tue Nov 02, 2021 9:43 am
Forum: Cash
Topic: Highest I bond rate ever: 7.12%
Replies: 35
Views: 3771

Re: Highest I bond rate ever: 7.12%

TreasuryDirect establishes accounts with individuals based on SSN/EIN. I have never opened or contributed to an EIN-linked account, but as long as you observe the $10,000 limit, I do not see why you should encounter any difficulties using your SSN for one account and your EIN for another.
by jhogue
Mon Nov 01, 2021 11:42 am
Forum: Cash
Topic: Highest I bond rate ever: 7.12%
Replies: 35
Views: 3771

Re: Highest I bond rate ever: 7.12%

As expected, TreasuryDirect announced this morning that the fixed rate component of I-bonds will be 0.00% for bonds purchased November 2021-April 2022. When combined with the variable rate, the new composite rate for I bonds will be 7.12% for the same period. Even if the subsequent rate falls to zer...
by jhogue
Tue Oct 19, 2021 5:08 pm
Forum: Cash
Topic: Highest I bond rate ever: 7.12%
Replies: 35
Views: 3771

Re: Highest I bond rate ever: 7.12%

It may still possible to retire on a cash-only investment portfolio, but I would not recommend it. My father-in-law never invested in anything riskier than savings bonds or 1 year bank CDs. He started buying war bonds when the Army sent him to the South Pacific in 1944. When he died in 2008, all of ...
by jhogue
Thu Oct 14, 2021 9:40 am
Forum: Cash
Topic: Highest I bond rate ever: 7.12%
Replies: 35
Views: 3771

Re: Highest I bond rate ever: 7.12%

Much as I like I-bonds, I like the freedom that comes with being debt free even more. I don't think I would be accumulating I-bonds if I had not paid off my mortgage already.