Search found 106 matches

by johnnywitt
Tue Jan 11, 2022 3:29 pm
Forum: Permanent Portfolio Discussion
Topic: The PP, marginal utility, and investment "faith"
Replies: 91
Views: 3019

Re: The PP, marginal utility, and investment "faith"

To be honest I am not really interested in past articles or charts . I am no longer a fan of driving and looking at what was . I am interested in where we have been heading and what my best guess of the future looks like and it looks like this inflation will be not so transitory and it will stubbor...
by johnnywitt
Tue Jan 11, 2022 3:24 pm
Forum: Permanent Portfolio Discussion
Topic: The PP, marginal utility, and investment "faith"
Replies: 91
Views: 3019

Re: The PP, marginal utility, and investment "faith"

Charts. I love charts. Here is one from ray dalio’s new book. It really speaks for itself. Hard money portfolios. Hell yeah. 3F358F6D-A1A3-4A89-9CEA-79BC7FBA9C1D.jpeg First all FUCK Ray Dalio! Ray is, and has, been talking up China for years now. Why, because Chine is about 65% of his Fund. Secondl...
by johnnywitt
Tue Jan 11, 2022 3:14 pm
Forum: Permanent Portfolio Discussion
Topic: The PP, marginal utility, and investment "faith"
Replies: 91
Views: 3019

Re: The PP, marginal utility, and investment "faith"

Just another point to add :) On listening to HB's radio show yesterday, he advised that he wanted the most volatile assets in the four asset classes. So..... 1/ Did SCV ETF's exist back in 2004? 2/ Substituting SCV for the TSM provides a return improvement and 3/ 40% SCV in the Golden Butterfly act...
by johnnywitt
Tue Jan 11, 2022 2:45 pm
Forum: Bonds
Topic: I Bonds for Permanent Portfolio
Replies: 40
Views: 1249

Re: I Bonds for Permanent Portfolio

I-Bonds have no place in a HBPP. They really aren't suitable for a VP either. Something needs to have an upside potential of at least 5X to satisfy HB criteria for a good risk/reward speculation in a VP. YMMV.
by johnnywitt
Tue Jan 11, 2022 2:41 pm
Forum: Bonds
Topic: Very good Cullen Roche post on the current bond situation
Replies: 2
Views: 186

Re: Very good Cullen Roche post on the current bond situation

If one wants to hold a PP or PP variant, then they have to believe in the basic philosophy behind holding such a portfolio. Holding Bonds that aren't Sovereign & aren't Long Duration is antithetical to the basic philosophy. Most Folks aren't suited to holding a PP or variant thereof IMHO. Most "inve...
by johnnywitt
Tue Jan 11, 2022 2:32 pm
Forum: Bonds
Topic: Math for LTT purchase.
Replies: 14
Views: 661

Re: Math for LTT purchase.

So, HB says when buying similar duration bonds on the secondary market that you should counter-intuitively buy the bond with the lower coupon because it's more volatile & you will get the difference back in Capital Gains. Additionally, the Bond, if held in a taxable acct., will cause a lessor tax i...
by johnnywitt
Fri Jan 07, 2022 4:47 pm
Forum: Gold
Topic: Blockchain Gold
Replies: 2
Views: 381

Re: Blockchain Gold

One of the main points of GOLD ownership is no counter party risk. I feel stupid enough holding regular paper gold ETF's.
by johnnywitt
Fri Jan 07, 2022 4:44 pm
Forum: Gold
Topic: Gold ETFs old and new
Replies: 24
Views: 1337

Re: Gold ETFs old and new

Don wrote:
Fri Jan 07, 2022 4:39 pm
Yeah, I know. I've owned it for years.
Yeah, in a taxable acct. it still might be the best choice & offer some useful utility.
by johnnywitt
Fri Jan 07, 2022 4:39 pm
Forum: Gold
Topic: What explains the disconnect between gold and Fed balance sheets since about 2013?
Replies: 11
Views: 861

Re: What explains the disconnect between gold and Fed balance sheets since about 2013?

The FED does NOT want the average Joe or Jane to figure out that there is in fact a relationship between the USD and Gold. They want John Q to believe that Gold is a barbarous relic, or some sort of laughable pet rock. I believe this is one reason that they have stood by and done nothing with this C...
by johnnywitt
Fri Jan 07, 2022 4:29 pm
Forum: Gold
Topic: Gold ETFs old and new
Replies: 24
Views: 1337

Re: Gold ETFs old and new

I bought PHYS years ago and dislike it but I don't want to pay taxes to switch out of it. I guess I'm stuck. PHYS is a Trust & therefore isn't taxed at the Collectibles rate: it is taxed like any other ETF. Thanks for this. The caveat is that the NAV diverges from the SPOT Price sometimes Don. At l...
by johnnywitt
Fri Jan 07, 2022 4:27 pm
Forum: Gold
Topic: Gold ETFs old and new
Replies: 24
Views: 1337

Re: Gold ETFs old and new

I bought PHYS years ago and dislike it but I don't want to pay taxes to switch out of it. I guess I'm stuck. PHYS is a Trust & therefore isn't taxed at the Collectibles rate: it is taxed like any other ETF. Thanks for this. The caveat is that it trades away from NAV and the Spot sometimes Don. At l...
by johnnywitt
Fri Jan 07, 2022 4:20 pm
Forum: Bonds
Topic: Math for LTT purchase.
Replies: 14
Views: 661

Re: Math for LTT purchase.

So, HB says when buying similar duration bonds on the secondary market that you should counter-intuitively buy the bond with the lower coupon because it's more volatile & you will get the difference back in Capital Gains. Additionally, the Bond, if held in a taxable acct., will cause a lessor tax im...
by johnnywitt
Tue Jan 04, 2022 6:33 pm
Forum: Gold
Topic: Gold ETFs old and new
Replies: 24
Views: 1337

Re: Gold ETFs old and new

Don wrote:
Wed Nov 17, 2021 8:50 am
I bought PHYS years ago and dislike it but I don't want to pay taxes to switch out of it. I guess I'm stuck.
PHYS is a Trust & therefore isn't taxed at the Collectibles rate: it is taxed like any other ETF.
by johnnywitt
Tue Jan 04, 2022 6:29 pm
Forum: Gold
Topic: Gold storage in Austria
Replies: 15
Views: 927

Re: Gold storage in Austria

Seems like Austria & Germany are returning to their Authoritarian Roots.
by johnnywitt
Tue Jan 04, 2022 6:24 pm
Forum: Bonds
Topic: Math for LTT purchase.
Replies: 14
Views: 661

Re: Math for LTT purchase.

Do you Folks mostly buy on the secondary, or at auction?
by johnnywitt
Tue Jan 04, 2022 6:02 pm
Forum: Permanent Portfolio Discussion
Topic: Customers having difficulty accessing vanguard accounts
Replies: 17
Views: 775

Re: Customers having difficulty accessing vanguard accounts

For the record , I do use their etfs , but I won’t deal with them directly or keep money at vanguard Yes, all that and the MF's don't let you buy a lot of ETF's that you might want to own. They are like the Big Brother of IRA Holders. I don't have any issues with Charles Schwab: they let me buy any...
by johnnywitt
Wed Dec 29, 2021 5:20 pm
Forum: Permanent Portfolio Discussion
Topic: PP in Company IRA m - no long term bond?
Replies: 6
Views: 500

Re: PP in Company IRA m - no long term bond?

So, if you live in the USA, you can max out your 401k AND max out an IRA as well. Just use your IRA to hold long term treasury bond and your bullion. Since it might not balance out because you can't put as much in the IRA, you can maybe buy the EDV ETF which is 30 yr Zero's or Strips, which is what ...
by johnnywitt
Mon Dec 13, 2021 3:52 pm
Forum: Other Discussions
Topic: Reasons why I will not be getting injected for the Wuhan
Replies: 1992
Views: 127415

Re: Reasons why I will not be getting injected for the Wuhan

Correct me if I'm wrong but the United States is decidedly a more individualistic society in that people decide first what is best for themselves and not for the greater society. On the other hand Japan has a society wherein people decide first what is best for society. Yes and no. They're really b...
by johnnywitt
Mon Dec 13, 2021 3:43 pm
Forum: Other Discussions
Topic: Reasons why I will not be getting injected for the Wuhan
Replies: 1992
Views: 127415

Re: Reasons why I will not be getting injected for the Wuhan

Italy just revised its numbers from the appx. 600k that died WITH COVID, to appx. 3k that died OF COVID. The FDA now thinks it's prudent to delay release of the data from the PFE Mrna Vaccine to 75yrs because, well... nothing to hide here, eh. Follow the money Folks. Finally, and I'm the fuck outta ...
by johnnywitt
Sat Dec 11, 2021 5:07 pm
Forum: Other Discussions
Topic: Would you wear a mask?
Replies: 256
Views: 32385

Re: Would you wear a mask?

If you look at all the studies and Random Controlled Tests regarding masking to prevent viral transmission they show the utter failure of cloth masks and the relative inefficacy of even properly fitted N95 masks. What masking actually does is to virtual signal your party affiliation & fealty similar...
by johnnywitt
Sat Dec 11, 2021 4:47 pm
Forum: Other Discussions
Topic: Reasons why I will not be getting injected for the Wuhan
Replies: 1992
Views: 127415

Re: Reasons why I will not be getting injected for the Wuhan

Screw the airbags and anti lock brakes. Not worth it. Safety glass…pfffft. Low risk. That’s the argument right there. (Kinda glad I had air bags though when I was in the one and only freeway wreck of my life) I value freedom over safety. Covid is way overblown, and the vaccine is likely more danger...
by johnnywitt
Sat Dec 11, 2021 4:26 pm
Forum: Other Discussions
Topic: Still Here... By The Skin Of My Teeth
Replies: 124
Views: 6494

Re: Still Here... By The Skin Of My Teeth

This is a very dystopian time we live in now. I think that a lot of us are trying to find meaning in all this insanity. Following the Markets and Macro helps me to make some sense out of the madness. Just trying to seek knowledge can add meaning to one's life.
by johnnywitt
Wed Dec 08, 2021 5:51 pm
Forum: Permanent Portfolio Discussion
Topic: A time for thankfulness
Replies: 2
Views: 370

Re: A time for thankfulness

Yeah, I really appreciate your contributions here Hal & I'm really shocked and somewhat horrified at the direction your country has taken. Who would've thought pre 2020 that Australia AND New Zealand would both turn authoritarian??? These were places that even the Elites thought that they would flee...
by johnnywitt
Wed Dec 08, 2021 5:39 pm
Forum: Permanent Portfolio Discussion
Topic: A worthwhile read for all PP'ers
Replies: 110
Views: 10525

Re: A worthwhile read for all PP'ers

seajay wrote:
Fri Dec 03, 2021 5:59 am
ppnewbie wrote:
Fri Dec 03, 2021 2:41 am
I vote for a subsection of the Variable Portfolio.
+1

VP, Advertisements
+3
by johnnywitt
Wed Dec 08, 2021 5:10 pm
Forum: Permanent Portfolio Discussion
Topic: Does PP Only Work In Times of Declining Bond Yields?
Replies: 69
Views: 6792

Re: Does PP Only Work In Times of Declining Bond Yields?

Curious to know what other people think. If people are so convinced that declining bond yields are over, how much do you think these people should be leveraged in their short LTT positions in order to show their conviction? My 2 cents worth... The premise of the PP is that you cannot predict the fu...