Search found 1166 matches

by Tortoise
Mon Sep 23, 2019 2:07 pm
Forum: Gold
Topic: Safe Deposit Boxes Aren’t Safe
Replies: 19
Views: 2538

Re: Safe Deposit Boxes Aren’t Safe

Okay, that's what I thought. Seems completely unenforceable unless the bank breaks into your box, which they wouldn't do without a really specific reason. It's not like they'd be systematically breaking into all of the customers' boxes, or randomly breaking into certain boxes just to keep the custom...
by Tortoise
Mon Sep 23, 2019 1:37 pm
Forum: Gold
Topic: Safe Deposit Boxes Aren’t Safe
Replies: 19
Views: 2538

Re: Safe Deposit Boxes Aren’t Safe

Sorry if this question has already been discussed and I missed it: Even if certain items like gold bullion were to be prohibited from safe deposit boxes at certain banks, how would that be enforced? To my knowledge, banks still give their customers privacy when they access the contents of their boxes.
by Tortoise
Mon Sep 23, 2019 1:33 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 51
Views: 3002

Re: Cracks emerging in money markets?

Exactly. All the articles I've read state that the Fed's current intervention in the repo market is not typical and hasn't happened since 2008. That seems like cause for at least a little bit of concern and scrutiny.
by Tortoise
Sun Sep 22, 2019 3:09 pm
Forum: Variable Portfolio Discussion
Topic: Peloton
Replies: 12
Views: 696

Re: Peloton

In Bill Burr’s latest stand-up special on Netflix (a venue in London), one if his opening jokes is that he was surprised London has so many fat people living there. Not sure about other countries, but in the U.S., weight seems to be highly correlated with income and wealth. Here in California, when ...
by Tortoise
Fri Sep 20, 2019 1:36 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 51
Views: 3002

Re: Cracks emerging in money markets?

dualstow wrote:
Fri Sep 20, 2019 1:29 pm
Going the other way, if I truly need to transfer from another MM to treasury, I think it's too late.
Why is it too late?
by Tortoise
Fri Sep 20, 2019 12:14 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 51
Views: 3002

Re: Cracks emerging in money markets?

Wow, I just checked the fund description for Vanguard's Federal MM fund (VMFXX), and currently 20% of its holdings are repos! :o I have a big chunk of cash invested in VMFXX out of convenience since it's my settlement fund and Vanguard doesn't allow using their Treasury MM fund (VUSXX) as a settleme...
by Tortoise
Fri Sep 20, 2019 12:04 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 51
Views: 3002

Re: Cracks emerging in money markets?

I really don't know enough about the repo market to know what would have happened if the Fed hadn't stepped in. All I know is that the Fed has injected $203 billion in the past three days, which is 48% of the size of the 2008 TARP program ($426 billion). And it may continue. Source? Source for the ...
by Tortoise
Fri Sep 20, 2019 12:21 am
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 51
Views: 3002

Re: Cracks emerging in money markets?

How can this hurt Joe Average investors? I don't go around all day thinking about the repo market. Might MM funds "bust the buck"? Since the repo market is apparently the "plumbing" of the banking world, it's not very sexy and hardly anybody (including us) pays much attention to it. I really don't ...
by Tortoise
Thu Sep 19, 2019 6:07 pm
Forum: Permanent Portfolio Discussion
Topic: Gold / Stock / Bonds at highs or near highs?
Replies: 65
Views: 3687

Re: Gold / Stock / Bonds at highs or near highs?

I actually have the opposite problem from you, vantage :) I'm 100% invested in the PP, and I'd like to transfer my former employer's 401(k) to my current one (at a different financial institution) to simplify things. But doing that will require me to convert the old 401(k) to cash and wait for proba...
by Tortoise
Thu Sep 19, 2019 4:02 pm
Forum: Bonds
Topic: ILT Alternatives?
Replies: 4
Views: 423

Re: ILT Alternatives?

There have almost always been long-term government bond funds other than TLT. I believe the reason Craig listed TLT as the “only” option is because he considered it mandatory for an LTT fund’s prospectus to require it to hold ONLY long-term Treasuries and nothing else. At the time, I think TLT was t...
by Tortoise
Thu Sep 19, 2019 3:28 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 51
Views: 3002

Re: Cracks emerging in money markets?

Fed intervenes in money markets for the third day in a row...

https://www.bloomberg.com/news/articles ... raight-day
by Tortoise
Tue Sep 17, 2019 11:55 pm
Forum: Other Discussions
Topic: Service economy inspires crappy design
Replies: 24
Views: 940

Re: Service economy inspires crappy design

Even among modern cars, there are some big differences. Here's a rollover comparison between a Volvo XC-90 and a Ford Explorer. The first 45 seconds during the Volvo test are pretty boring (which says a lot), but things get REALLY exciting in the second half when they do the Ford... https://youtu.b...