Search found 92 matches

by Kevin K.
Sat Jul 20, 2019 5:47 pm
Forum: Gold
Topic: Better to hold two gold funds?
Replies: 6
Views: 852

Re: Better to hold two gold funds?

Thanks!
by Kevin K.
Sat Jul 20, 2019 4:56 pm
Forum: Gold
Topic: Better to hold two gold funds?
Replies: 6
Views: 852

Better to hold two gold funds?

Does it make sense to hold both AAUF and IAU rather than having the entire paper gold position in just one of them?

I understand physical gold is preferable but it just isn’t feasible for me right now.
by Kevin K.
Fri Jul 19, 2019 8:50 am
Forum: Gold
Topic: Safe Deposit Boxes Aren’t Safe
Replies: 10
Views: 1099

Safe Deposit Boxes Aren’t Safe

I’ve often wished I could hold physical gold rather than paper but this article in the New York Times makes me glad I don’t.

https://www.nytimes.com/2019/07/19/busi ... theft.html
by Kevin K.
Thu Jul 18, 2019 7:18 pm
Forum: Gold
Topic: Ray Dalio - Paradigm Shifts article recommending gold
Replies: 15
Views: 1655

Re: Ray Dalio - Paradigm Shifts article recommending gold

Kevin K. wrote:
Thu Jul 18, 2019 7:16 pm
The Dalio article is indeed superb.

Also found this piece comparing the simplified version of Dalio’s All Weather portfolio with the Golden Butterfly to be worthwhile.

https://www.listenmoneymatters.com/ray- ... portfolio/
by Kevin K.
Thu Jul 18, 2019 7:16 pm
Forum: Gold
Topic: Ray Dalio - Paradigm Shifts article recommending gold
Replies: 15
Views: 1655

Re: Ray Dalio - Paradigm Shifts article recommending gold

The Dalio article is indeed superb.

Also found this piece comparing the simplified version of Dalio’s All Weather portfolio with the Golden Butterfly to be worthwhile.

[url]https://www.listenmoneymatters.com/ray- ... olio//[url]
by Kevin K.
Wed May 29, 2019 2:05 pm
Forum: Bonds
Topic: Bond Convexity
Replies: 10
Views: 1765

Re: Bond Convexity

First of all I want to join the chorus here in thanking Tyler for yet another brilliant and eye-opening post on his site, which continues to improve having already established itself as (in my opinion) the single most useful educational resource for investing on the web. I also feel obliged to share...
by Kevin K.
Sun May 05, 2019 9:18 am
Forum: Bonds
Topic: TLT Study - Inverting History
Replies: 28
Views: 3947

Re: TLT Study - Inverting History

Thanks for the wise perspective pmward! I really appreciate your thoughtful comments. This article from just 4 days ago from Schwab supports what you and others here are saying about the dangers of going to only short duration bonds. They're not proposing barbells or ladders that go out to 30 years ...
by Kevin K.
Sat May 04, 2019 7:48 pm
Forum: Bonds
Topic: TLT Study - Inverting History
Replies: 28
Views: 3947

Re: TLT Study - Inverting History

A couple of quotes from Jazon Zweig's synopsis of William Bernstein's "Deep Risk" (the best analysis of the PP I've read) come to mind: "Deflation, the persistent drop in the value of assets, is extremely rare in modern history, Mr. Bernstein says. It has hit Japan but almost nowhere else in the pas...
by Kevin K.
Sat May 04, 2019 9:54 am
Forum: Bonds
Topic: TLT Study - Inverting History
Replies: 28
Views: 3947

Re: TLT Study - Inverting History

Another article that I came across today looking at the issue of bond returns going forward: https://movement.capital/analyzing-bond-performance-in-stock-corrections/?mc_cid=0a5d2ad61e&mc_eid=ded4b883a5 Thanks very much for posting this article. Perhaps I'm drawing the wrong conclusion, but in read...
by Kevin K.
Mon Jan 14, 2019 10:27 am
Forum: Bonds
Topic: Bond duration compensation
Replies: 14
Views: 1841

Re: Bond duration compensation

> The chances of a 1% (or even a .25%) decrease in rates is small Predicting the future eh. How long will Japan's 10 year stay at 0 I don't have to predict the near-term future since the Fed is doing it for us. They've done exactly what they said they'd do with rate increases and while they may or ...
by Kevin K.
Sun Jan 13, 2019 5:10 pm
Forum: Bonds
Topic: Bond duration compensation
Replies: 14
Views: 1841

Re: Bond duration compensation

I may well be being obtuse here (wouldn't be the first time) but I'm not seeing any advantage in extending Treasury bond maturities at current rates. The chances of a 1% (or even a .25%) decrease in rates is small, while the odds of a .50% increase this year are high. And yeah, I do remember how LTT...
by Kevin K.
Mon Jan 07, 2019 10:01 am
Forum: Permanent Portfolio Discussion
Topic: Desert Portfolio Question
Replies: 28
Views: 6043

Re: Desert Portfolio Question

I think funds like BIL or SHY are brilliant replacements for cash. How do you feel about the safety of ETFS that hold Treasuries? I am contemplating keeping a stash of cash there and sucking up the .15 expense ratio instead of having to managing a 1-2 year treasury ladder. Vanguard Federal Money Ma...