Search found 3338 matches

by Cortopassi
Tue Oct 25, 2022 5:17 pm
Forum: Bonds
Topic: A viable alternative to the PP - or any other conservative portfolio?
Replies: 8
Views: 1708

Re: A viable alternative to the PP - or any other conservative portfolio?

I am not at all saying it is a bad idea, I just read it (and downloaded and played with the spreadsheet a bit) and it is still not 100% clear to me if there is any value left after 30 years, or he will be spending down principal as well? "While this strategy isn’t perfect, it produced a safe 4.3% an...
by Cortopassi
Tue Oct 25, 2022 3:54 pm
Forum: Bonds
Topic: A viable alternative to the PP - or any other conservative portfolio?
Replies: 8
Views: 1708

Re: A viable alternative to the PP - or any other conservative portfolio?

I looked at this, excited...then I see that the 4.36% withdrawal rate includes principal, so the end result after 30 years is you have nothing left. If that's the basis, then I'd rather do an immediate annuity. For the same 100k, where he pulls out $4300 a year for 30 years, an SPIA will allow me to...
by Cortopassi
Sun Oct 23, 2022 7:44 pm
Forum: Bonds
Topic: IBonds over the limit - Gifting
Replies: 9
Views: 2077

Re: IBonds over the limit - Giting

My wife and I just gifted ourselves 20k each. No brainer, since the money will at least make 9.62 for the next few months! Technically that $40,000 doesn't make anything over the next few months because of the way the three-month "redeemed before five years" penalty comes off the beginning of the f...
by Cortopassi
Fri Oct 21, 2022 11:05 am
Forum: Cash
Topic: BondBloxx ETFs
Replies: 1
Views: 1143

Re: BondBloxx ETFs

I just opened a Fidelity account and am buying 3 month T Bills. Easy, no fee, and known maturity.

Just another option for you if you haven't considered.

Obviously you can buy any durations.
by Cortopassi
Fri Oct 21, 2022 10:00 am
Forum: Bonds
Topic: IBonds over the limit - Gifting
Replies: 9
Views: 2077

Re: IBonds over the limit - Giting

My wife and I just gifted ourselves 20k each. No brainer, since the money will at least make 9.62 for the next few months!
by Cortopassi
Mon Oct 10, 2022 2:09 pm
Forum: Other Discussions
Topic: Do you still use your library?
Replies: 20
Views: 2052

Re: Do you still use your library?

While I do a lot of reading electronically with my Kobo (used to be Kindle till it died), there's nothing like the physical library for just walking around and browsing titles you would have never considered or seen online. I do occasionally check books out electronically.
by Cortopassi
Mon Oct 10, 2022 2:06 pm
Forum: Permanent Portfolio Discussion
Topic: Are most people here sticking with Treasuries?
Replies: 341
Views: 140763

Re: Are most people here sticking with Treasuries?

The thing we all know, with a fair amount of certainty, right? Is that in the next 2-4 months, after another 1-2 more hikes, the up cycle on rates will be over, and you can probably buy TLT with abandon. I know that solves nothing if you've been in it watching it go down, but it seems like it will b...
by Cortopassi
Sat Oct 08, 2022 1:11 pm
Forum: Other Discussions
Topic: Do you still use your library?
Replies: 20
Views: 2052

Re: Do you still use your library?

At least three times a week. It is our go to place. I wish I lived within walking distance. I'd be there every night. Just to read a magazine, or find something off the shelf. I wish mine was open at night, but at least it’s walking distance. Almost the worst part of Covid for me was the library be...
by Cortopassi
Fri Oct 07, 2022 2:29 pm
Forum: Bonds
Topic: When is it time to load up on bonds.
Replies: 40
Views: 33588

Re: When is it time to load up on bonds.

I will absolutely be buying LTTs and directly holding them, now that I am with Fidelity, when I think they have peaked for this cycle, which I assume will be sometime between next month and 1st quarter 2023. If I can get 5+% on 30 years, I can sort of make my own annuity! Should I be worried about i...
by Cortopassi
Fri Oct 07, 2022 2:21 pm
Forum: Other Discussions
Topic: Do you still use your library?
Replies: 20
Views: 2052

Re: Do you still use your library?

At least three times a week. It is our go to place. I wish I lived within walking distance. I'd be there every night. Just to read a magazine, or find something off the shelf.
by Cortopassi
Thu Oct 06, 2022 12:03 pm
Forum: Other Discussions
Topic: Fidelity Questions
Replies: 0
Views: 1073

Fidelity Questions

Hey all, I searched for Fidelity related posts and didn't easily find answers to some questions I have for those of you with Fidelity accounts. Any responses are appreciated. --Fidelity Cash acct vs. Brokerage cash. Cash balances seem to sweep into a money market account (currently about 2.51% plus ...
by Cortopassi
Sat Oct 01, 2022 10:02 pm
Forum: Permanent Portfolio Discussion
Topic: Are most people here sticking with Treasuries?
Replies: 341
Views: 140763

Re: Are most people here sticking with Treasuries?

Whew, that was an interesting 10 pages! I think people are in much better moods when the markets, and treasuries, and gold are up! Not due to thinking about interest rates going up, but rather wanting to start selling puts, I sold virtually all my TLT and stock holdings in early Jan. That turned out...
by Cortopassi
Sat Oct 01, 2022 4:12 pm
Forum: Bonds
Topic: TBills as "the best horse at the glue factory?"
Replies: 93
Views: 11849

Re: TBills as "the best horse at the glue factory?"

whatchamacallit wrote:
Sat Oct 01, 2022 4:06 pm
Corto I would also say .25% of yield is worth one more month duration for me.

Also my experience is a CD wouldn't be as liquid if you did want sell early. The spread on selling CD would eat into profits.
Thanks!
by Cortopassi
Sat Oct 01, 2022 3:23 pm
Forum: Bonds
Topic: TBills as "the best horse at the glue factory?"
Replies: 93
Views: 11849

Re: TBills as "the best horse at the glue factory?"

In a tax deferred IRA account, is there any reason I would not buy a 3 month CD vs. a 3 month Treasury? See the clip of rates. The higher rate on the Treasury is because maturity date is closer to end of Jan 2023, so closer to 4 months vs. 3. If I look at Treasury maturity dates in the range of the ...
by Cortopassi
Fri Sep 30, 2022 3:28 pm
Forum: Bonds
Topic: TBills as "the best horse at the glue factory?"
Replies: 93
Views: 11849

Re: TBills as "the best horse at the glue factory?"

Well, TLT is a good example, yes. So this is where I get lost. Two scenarios: 1) I buy a 30 year bond from treasury direct. 30 years from now I get my original principal plus whatever interest along the way. 2) I buy an equivalent $ amount of TLT. What am I getting in 30 years? Since they have to co...
by Cortopassi
Fri Sep 30, 2022 1:27 pm
Forum: Bonds
Topic: TBills as "the best horse at the glue factory?"
Replies: 93
Views: 11849

Re: TBills as "the best horse at the glue factory?"

Tyler (as usual) has a thoughtful essay on the pros and cons of TIPS in Portfolio Charts. https://portfoliocharts.com/2022/09/27/all-about-tips-real-returns-and-inflated-expectations/#takeaways Perfect! Wish I was able to read that earlier this year before putting a bunch into DIPSX (inflation prot...
by Cortopassi
Fri Sep 30, 2022 9:43 am
Forum: Bonds
Topic: TBills as "the best horse at the glue factory?"
Replies: 93
Views: 11849

Re: TBills as "the best horse at the glue factory?"

God I am so waffling here! --Excited about treasury and CD returns! --But those are likely to be short lived because we are going to dump into a recession and Fed will need to ease again! --So wait for one or two more rate hikes and then put some money into an income annuity to lock it the higher pa...
by Cortopassi
Thu Sep 29, 2022 9:23 pm
Forum: Bonds
Topic: TBills as "the best horse at the glue factory?"
Replies: 93
Views: 11849

Re: TBills as "the best horse at the glue factory?"

Vinny, exactly why I am on a t bill topic!

Always thinking of safety.

Assuming social security is still good when I hit 70, we easily live on that , and it gets inflation adjustments.

so I am more focusing on the 10 years between 60 and 70 and realizing I can probably do it without an annuity.
by Cortopassi
Thu Sep 29, 2022 7:47 pm
Forum: Bonds
Topic: TBills as "the best horse at the glue factory?"
Replies: 93
Views: 11849

Re: TBills as "the best horse at the glue factory?"

That last comment by Kevin is where I am at too.

So I buy, say, 10 year Tips. With a sub 2% base rate. And inflation is non existent.

Is that not like having my money in a savings account paying 2% or so interest nowadays?
by Cortopassi
Wed Sep 28, 2022 3:52 pm
Forum: Bonds
Topic: TBills as "the best horse at the glue factory?"
Replies: 93
Views: 11849

Re: TBills as "the best horse at the glue factory?"

Corto, I buy Treasury bills, but only after I have completely maxed out my annual purchases of I-bonds. I hold short duration T-bills to maturity so I know their precise yield when I buy them. As you have discovered, investors cannot buy tax deferred T-bills through TreasuryDirect. I do not buy TIP...
by Cortopassi
Wed Sep 28, 2022 11:07 am
Forum: Bonds
Topic: TBills as "the best horse at the glue factory?"
Replies: 93
Views: 11849

Re: TBills as "the best horse at the glue factory?"

Anyway, I think you'll be happy with Fidelity. I sure am and it's only been like 12 hours. I like that they have a cash management account that I can treat like a bank too. And I am sure I will like their Full View which will let me view my other non-Fidelity accounts, vs. needing to use Mint. All ...
by Cortopassi
Wed Sep 28, 2022 7:26 am
Forum: Bonds
Topic: TBills as "the best horse at the glue factory?"
Replies: 93
Views: 11849

Re: TBills as "the best horse at the glue factory?"

dualstow wrote:
Wed Sep 28, 2022 7:20 am
And of course Fidelity has physical branches. Not that I ever go, but I have one that’s walking distance.
I just saw that. That would be excellent for my in laws!
by Cortopassi
Tue Sep 27, 2022 10:04 pm
Forum: Bonds
Topic: TBills as "the best horse at the glue factory?"
Replies: 93
Views: 11849

Re: TBills as "the best horse at the glue factory?"

Yikes. Fidelity it is! Thanks. And an FYI, I opened 3 accounts, and already am able to navigate, and was able to add beneficiaries to our joint account. And I can buy 3.45% 3 month CDs in my freaking IRA! If I was able to do that at Ally, it is completely convoluted. Glad looking at bonds forced thi...
by Cortopassi
Tue Sep 27, 2022 8:51 pm
Forum: Bonds
Topic: TBills as "the best horse at the glue factory?"
Replies: 93
Views: 11849

Re: TBills as "the best horse at the glue factory?"

What things do you not like? They have a joint account that need beneficiaries assigned, but have some rule or reason against being able to do that, or any kind of transfer on death. There doesn't seem to be any easy way around it other than making two individual accounts and splitting the money.