Search found 324 matches

by Kevin K.
Thu May 06, 2021 9:00 am
Forum: Permanent Portfolio Discussion
Topic: Institutional diversification (Fidelity worries)
Replies: 26
Views: 754

Re: Institutional diversification (Fidelity worries)

There's nothing special about my local Tucson AZ credit union in terms of cash access. I could go in and get the daily ATM limit (2K?) every day if need be but considering that that's most of a month's living expenses for me as a frugal retiree it's plenty. You're talking about access to far larger ...
by Kevin K.
Wed May 05, 2021 10:54 am
Forum: Permanent Portfolio Discussion
Topic: Permanent Portfolio concept continues to live on
Replies: 71
Views: 1593

Re: Permanent Portfolio concept continues to live on

Screen Shot 2021-05-05 at 11.02.12 AM.png Actually, since I'm well into the drawdown phase, a portfolio of about 10% cash and 90% VTINX would seem to meet my needs and comfort level. Very possibly, but VTINX along with all of the other Vanguard Target Retirement and LifeStrategy funds has significa...
by Kevin K.
Tue May 04, 2021 11:54 am
Forum: Permanent Portfolio Discussion
Topic: Permanent Portfolio concept continues to live on
Replies: 71
Views: 1593

Re: Permanent Portfolio concept continues to live on

Good discussion. I don't think it's at all sacrilegeous to suggest that some things about the Permanent Portfolio may not in fact be permanent, while respecting Harry Browne's genius and applying some of his insights. Obviously a contrarian portfolio with such massive tracking error relative to the ...
by Kevin K.
Thu Apr 29, 2021 9:26 am
Forum: Permanent Portfolio Discussion
Topic: Institutional diversification (Fidelity worries)
Replies: 26
Views: 754

Re: Institutional diversification (Fidelity worries)

So the question was about the institutional risk. I’m going to say that VG and Fido are too big to fail. If something takes one out, you will be relying on physical gold, silver, and crypto. I'd add Schwab to that list. It is indeed pretty much down to these three giant brokerages at this point, an...
by Kevin K.
Wed Apr 28, 2021 6:46 pm
Forum: Permanent Portfolio Discussion
Topic: Institutional diversification (Fidelity worries)
Replies: 26
Views: 754

Re: Institutional diversification (Fidelity worries)

Just adding my two cents here. No experience with Fidelity but decades with both Schwab and Vanguard. One does have to bear in mind that it's tax season (delayed, obviously, this year thanks to the filing date being pushed back) so all brokerages are very busy. In my view the main reason to have som...
by Kevin K.
Mon Apr 26, 2021 10:49 am
Forum: Permanent Portfolio Discussion
Topic: Mathjak! Do Safe Haven Investments Really Exist?
Replies: 32
Views: 968

Re: Mathjak! Do Safe Haven Investments Really Exist?

I think a lot of us are trying to get a sense of what the current "new normal" of massive QE, unprecedented low interest rates and sky-high U.S. stock market valuations means for the PP and other defensive allocations going forward. Going back to the original post, what do we mean by "safe haven"? F...
by Kevin K.
Sat Apr 17, 2021 6:05 pm
Forum: Cash
Topic: Best Low Cost ETF for Cash
Replies: 33
Views: 1178

Re: Best Low Cost ETF for Cash

If you believe FDIC insurance is as good as treasuries (I do), T-Mobile Money is offering an online savings account that pays 1.0%. The only drawback is there is a $3000/day electronic transfer limit, but you can avoid that by initiating the transfers at the other institution. I set it up with Fide...
by Kevin K.
Sat Apr 17, 2021 2:53 pm
Forum: Cash
Topic: Best Low Cost ETF for Cash
Replies: 33
Views: 1178

Re: Best Low Cost ETF for Cash

SCHO's YTD return is -.05%. BIL is -.02%. I can get +.05% just stashing cash in savings at Schwab Bank, .35% in an NCUA-insured savings account at my local credit union or (best of all - by far - 3.54% on iBonds (albeit with a paltry 10K purchase limit). In short it seems to me the days of substitut...
by Kevin K.
Thu Apr 15, 2021 10:41 pm
Forum: Gold
Topic: Why isn't gold moving?
Replies: 34
Views: 1738

Re: Why isn't gold moving?

Tyler's article on Portfolio Charts does indeed explain gold's role better than anything else I've read - by far. Here's one key quote: "If you’re only focusing on the superficial inflation claim, then the CPI data clearly suggests that gold is not a reliable inflation hedge. But [Ray] Dalio is no ...
by Kevin K.
Thu Apr 15, 2021 2:53 pm
Forum: Gold
Topic: Why isn't gold moving?
Replies: 34
Views: 1738

Re: Why isn't gold moving?

Tyler's article on Portfolio Charts does indeed explain gold's role better than anything else I've read - by far. Here's one key quote: "If you’re only focusing on the superficial inflation claim, then the CPI data clearly suggests that gold is not a reliable inflation hedge. But [Ray] Dalio is no f...
by Kevin K.
Sat Apr 10, 2021 12:28 pm
Forum: Other Discussions
Topic: Hello old friends
Replies: 17
Views: 773

Re: Hello old friends

Just wanted to make sure Desert that you saw this thread I started awhile back, with an especially brilliant contribution from Tyler: https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=10&t=11196#p206084 Historically anyway, Wellesley with 20% gold ("Golden Wellesley" - the old fogy's Golden ...
by Kevin K.
Tue Apr 06, 2021 7:58 pm
Forum: Stocks
Topic: Dimensional Funds
Replies: 6
Views: 451

Re: Dimensional Funds

John Greaney, author of that article, has an extremely (and to my taste delightfully) irreverent sense of humor that comes through loud and clear many times in his writing. He skewers financial advisors, Wall Street, the government, the insurance industry and too many other targets to name regularly...
by Kevin K.
Tue Apr 06, 2021 9:56 am
Forum: Stocks
Topic: Dimensional Funds
Replies: 6
Views: 451

Re: Dimensional Funds

I have a fair amount of experience with DFA funds. There are a ton of threads about them on Bogleheads but a good place to start is this review on the White Coat Investor site: https://www.whitecoatinvestor.com/dfa-vs-vanguard/ Cliff's notes summary: a "cult" fund family based on Nobel-prize winning...
by Kevin K.
Mon Apr 05, 2021 10:16 am
Forum: Other Discussions
Topic: Hello old friends
Replies: 17
Views: 773

Re: Hello old friends

Welcome back Desert! It's a delight to see your name pop up again. You were always one of the most thoughtful posters on these forums and I have fond memories of the way you intelligently combined insights from Larry Swedroe's "minimizing fat tails" portfolios with the PP. I kind of had the same que...
by Kevin K.
Thu Mar 18, 2021 10:34 am
Forum: Bonds
Topic: Bond scenarios
Replies: 11
Views: 664

Re: Bond scenarios

And VGIT which I prefer for ITT's because it sticks to the (historical) classic "sweet spot" of ~5 years duration is down 2.45% YTD. Of course all it'd take is one major market panic and flight to safety to make the traditional barbell look like the better choice, provided one can stay the course in...
by Kevin K.
Wed Mar 17, 2021 1:39 pm
Forum: Bonds
Topic: Why in the World Would You Own Dollar Debt? - Dalio
Replies: 21
Views: 1187

Re: Why in the World Would You Own Dollar Debt? - Dalio

Your timing is impeccable Tyler as I just read this post on Bloomberg that's so close to what you said I think you have a case for telepathic plagiarism of your intellectual property ;) . https://www.bloomberg.com/opinion/articles/2021-03-16/ray-dalio-makes-sense-on-bonds-but-he-s-talking-own-book T...
by Kevin K.
Wed Mar 17, 2021 9:52 am
Forum: Bonds
Topic: Why in the World Would You Own Dollar Debt? - Dalio
Replies: 21
Views: 1187

Re: Why in the World Would You Own Dollar Debt? - Dalio

Ray Dalio created the All Weather Portfolio. I guess he’s going to have to change the name. This comes up all the time. "All Weather" is the name of Bridgewater's hedge fund, which Dalio of course started and ran until he retired from Bridgewater in 2017. Like any hedge fund "All Weather" changes i...
by Kevin K.
Tue Mar 16, 2021 5:51 pm
Forum: Bonds
Topic: Why in the World Would You Own Dollar Debt? - Dalio
Replies: 21
Views: 1187

Why in the World Would You Own Dollar Debt? - Dalio

A good post receiving much discussion on Linkedin, Bogleheads, etc.: https://www.linkedin.com/pulse/why-world-would-you-own-bonds-when-ray-dalio/ As usual with Dalio it's debatable how much actionable info this analysis offers to a regular "retail" investor. One of the comments on Bogleheads perhaps...
by Kevin K.
Sat Mar 13, 2021 1:43 pm
Forum: Cash
Topic: Is this anything? (Vanguard Treasury Money Mkt)
Replies: 17
Views: 662

Re: Is this anything? (Vanguard Treasury Money Mkt)

Just came across this article on depositaccounts.com and the first part of it is especially good at giving a big picture overview of the unprecedented injection of money into the economy that's causing cash to just pile up. https://www.depositaccounts.com/blog/fed-deposit-interest-rate-predictions/
by Kevin K.
Sat Mar 13, 2021 10:55 am
Forum: Cash
Topic: Is this anything? (Vanguard Treasury Money Mkt)
Replies: 17
Views: 662

Re: Is this anything? (Vanguard Treasury Money Mkt)

There's a thread about this on Bogleheads and from the discussion there it seems clear that any interest (if there ever is any ;) ) paid by VUSXX won't be state tax deductible going forward. Look at the current Treasury yield curve and in particular what T-bills up to a year are yielding (and check ...
by Kevin K.
Fri Mar 12, 2021 2:35 pm
Forum: Cash
Topic: Is this anything? (Vanguard Treasury Money Mkt)
Replies: 17
Views: 662

Re: Is this anything? (Vanguard Treasury Money Mkt)

If you take the time to read the full prospectus for the Fidelity Treasury MM fund (FDLXX) they are allowed to do repos and aren't always invested only in Treasuries. And the ER is .42%, not .19%. They subsidize it and will probably continue to do so but there's no guarantee. Same thing with Schwab'...
by Kevin K.
Fri Mar 12, 2021 11:58 am
Forum: Cash
Topic: Is this anything? (Vanguard Treasury Money Mkt)
Replies: 17
Views: 662

Vanguard Treasury MM investing in repo agreements

{ merged with earlier topic - DS } - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Just received this notice: "Effective immediately, the Vanguard Treasury Money Market Fund (the Fund) may invest in repurchase agreements with the Federal Reserve Bank of New York fully collater...
by Kevin K.
Thu Mar 11, 2021 9:40 am
Forum: Politics
Topic: Is the PP Meant for Alt Right Extremists Only?
Replies: 23
Views: 1071

Re: Is the PP Meant for Alt Right Extremists Only?

"I’m no expert" I can agree with that. Note the definition and the example of an "expert"! a person who has a comprehensive and authoritative knowledge of or skill in a particular area. "a financial expert" · Personally when it comes to finance especially I've always preferred my step-dad's definit...