Search found 1165 matches

by Tortoise
Tue May 03, 2011 1:46 am
Forum: Other Discussions
Topic: Index Universal Life Insurance
Replies: 3
Views: 1618

Re: Index Universal Life Insurance

You left out the last step in the process, which is where the life insurance agent takes his wife on a cruise in the Bahamas with the commissions on the policy he sold you. And here I was, thinking the life insurance agent and I were just embarking on a "mutual value discovery" journey together! Th...
by Tortoise
Tue May 03, 2011 1:29 am
Forum: Gold
Topic: Do We Really Get the Premium Back?
Replies: 24
Views: 5620

Re: Do We Really Get the Premium Back?

I purchased 40% Krugerrands (which had a much smaller premium) and 60% Gold Eagles. The Eagles are stunning, so their awe-effect is amplified. My Krugerrands don't seem to have quite the luster that the Eagles have. For an even more striking difference in appearance, buy a Canadian Maple Leaf, Aust...
by Tortoise
Mon May 02, 2011 2:56 am
Forum: Other Discussions
Topic: Index Universal Life Insurance
Replies: 3
Views: 1618

Index Universal Life Insurance

I have a question about Index Universal Life Insurance as a tax-advantaged way to save for retirement, and I'm hoping some of you might share your thoughts on it. My wife works for a small company that does not offer a 401(k) plan or any other tax-advantaged retirement savings plan.  She maxes out h...
by Tortoise
Mon May 02, 2011 1:04 am
Forum: Other Discussions
Topic: Saving money "hacks"
Replies: 64
Views: 11364

Re: Saving money "hacks"

Marry wisely and lovingly once. Absolutely! One of my best money-saving "hacks" was to marry a woman who is not a gold-digger and is relatively low-maintenance financially.  For our first four or five dates, I deliberately chose inexpensive--even cheesy--activities like bowling, miniature golf, ice...
by Tortoise
Fri Apr 29, 2011 2:14 am
Forum: Other Discussions
Topic: What If the PP Were Universally Adopted?
Replies: 9
Views: 1601

What If the PP Were Universally Adopted?

Sometimes I wonder what would happen if the PP strategy suddenly were to catch on with the general public and become the most popular investment strategy in the world.  (That will probably never happen, and yet I still like to wonder about this.) If the PP is a good investment strategy for an indivi...
by Tortoise
Wed Apr 20, 2011 10:41 pm
Forum: Gold
Topic: Gold Mutual Funds
Replies: 7
Views: 2395

Re: Gold Mutual Funds

Most (if not all) gold mutual funds invest in gold mining stocks, not gold bullion itself.  For investing in gold bullion, buy one of the gold ETFs--or, even better, the physical metal itself. There are a number of reasons why gold mining stocks should not be part of the gold portion of one's PP.  H...
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: 3574

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: 7677

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: 3444

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: 3444

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: 3444

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: 45
Views: 10103

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...