Search found 1159 matches

by Tortoise
Wed Apr 20, 2011 12:00 am
Forum: Cash
Topic: Silver as part of the 25% Cash Allocation in PP
Replies: 10
Views: 3680

Re: Silver as part of the 25% Cash Allocation in PP

FWIW, Harry Browne mentioned silver a couple of times in his 1989 book The Economic Time Bomb.  I quoted the two relevant passages in the following thread:

http://gyroscopicinvesting.com/forum/in ... 91.msg3575
by Tortoise
Tue Apr 19, 2011 3:12 pm
Forum: Permanent Portfolio Discussion
Topic: How Many Of You Have Multiple Brokerage Accounts?
Replies: 12
Views: 7739

Re: How Many Of You Have Multiple Brokerage Accounts?

I have a 401(k) brokerage account through Schwab and two brokerage accounts through Vanguard--one taxable and one for my IRA.  Very pleased with Vanguard because of their rock-bottom expense ratios, low portfolio turnover, and client-owned business model.
by Tortoise
Tue Apr 19, 2011 2:50 pm
Forum: Cash
Topic: Non-Treasury MM Sweep Account
Replies: 8
Views: 3515

Re: Non-Treasury MM Sweep Account

Thanks for the info, everyone.

Sounds like I'm probably over-analyzing this particular permutation of doom.  I do keep some emergency cash at home, so hopefully that would provide a cushion against any temporary illiquidity in the money markets.
by Tortoise
Tue Apr 19, 2011 4:36 am
Forum: Cash
Topic: Non-Treasury MM Sweep Account
Replies: 8
Views: 3515

Re: Non-Treasury MM Sweep Account

The sweep account may only be holding funds for a few days, whereas the Treasury MM funds may be holding funds for years. The probability of something going wrong with the sweep accounts during the short period your funds are moving in or out of them is, IMHO, pretty low. Yes, but during that time ...
by Tortoise
Sat Apr 16, 2011 3:29 pm
Forum: Cash
Topic: Non-Treasury MM Sweep Account
Replies: 8
Views: 3515

Non-Treasury MM Sweep Account

If this question has been answered in a previous thread, then I apologize. I have seen a number of people on this forum ask where they should park their cash when no Treasury money market funds are available (e.g., because they are closed to new investors, as many of them currently are).  One of the...
by Tortoise
Fri Apr 15, 2011 6:04 pm
Forum: Permanent Portfolio Discussion
Topic: How long have you been running the PP?
Replies: 47
Views: 10834

Re: How long have you been running the PP?

The thing that is so impressive about what the U.S. has achieved in this area is that it exists in a multi-cultural society.  Japan also has a very strong social cohesion factor, but that is less surprising in a homogeneous society with a strong tradition of intrasociety trust. In the case of the U...
by Tortoise
Tue Apr 12, 2011 12:26 am
Forum: Gold
Topic: Kitco Pool Account
Replies: 8
Views: 3027

Re: Kitco Pool Account

Based on Kitco's information, their Pool Accounts charge a $15 administrative fee for all purchase and sale transactions under $2,500.  (See the last question on their FAQ at https://online.kitco.com/help/faq_bullion_pool.html .)  Then, on top of that, when you've saved up enough to take physical de...
by Tortoise
Fri Apr 08, 2011 9:58 pm
Forum: Gold
Topic: What Will You Do When Silver Hits $40 An Ounce?
Replies: 29
Views: 8450

Re: What Will You Do When Silver Hits $40 An Ounce?

I sold off a very large position in silver in early November of last year, when the spot price was around $24.  It had gone up about 35% since I bought in, but I sold it in order to convert to the PP.  Ouch. So apparently I can't time the markets worth a damn.  But really, that's why I decided to co...
by Tortoise
Sun Nov 28, 2010 3:00 am
Forum: Gold
Topic: Silver in the PP
Replies: 11
Views: 4446

Silver in the PP

In his 1989 book The Economic Time Bomb , HB advocated two seemingly contradictory approaches to silver: Page 188 - "If you believe silver belongs in your Permanent Portfolio, you'll need to carve a place for it by removing some of your stocks and some of your gold." Page 210 - "As a very small part...
by Tortoise
Wed Nov 24, 2010 1:17 am
Forum: Bonds
Topic: Why should I buy Treasuries now?
Replies: 27
Views: 9566

Re: Why should I buy Treasuries now?

As craig said, though, long term bonds are going to pay you a nice coupon yield even if rates don't fall, and if rates do begin to edge back up that will probably be a symptom of a recovering economy, as opposed to this crazy inflation that everyone seems to be expecting (though no one seems to hav...
by Tortoise
Mon Nov 15, 2010 9:55 pm
Forum: Stocks
Topic: Capitalization-Weighted Indexes
Replies: 3
Views: 2287

Re: Capitalization-Weighted Indexes

Interesting, thanks for the replies. As far as practical investing is concerned, it does seem clear that the minimal turnover of a market cap-weighted index makes it the lowest-cost choice for a stock index fund.  Other possible types of index weighting interest me for a number of reasons, but I agr...
by Tortoise
Mon Nov 15, 2010 12:01 am
Forum: Stocks
Topic: Capitalization-Weighted Indexes
Replies: 3
Views: 2287

Capitalization-Weighted Indexes

The most popular stock index funds seem to be capitalization-weighted, meaning each component stock in the index is weighted by its total market value (capitalization).  But capitalization-weighting is not the only way to create a stock index.  Indexes can also be equal-weighted/price-weighted, fund...