Search found 264 matches

by steve
Wed Apr 22, 2015 6:01 am
Forum: Gold
Topic: Shareholder activists are trying to unlock the NAV discount on GTU
Replies: 53
Views: 31580

Re: Shareholder activists are trying to unlock the NAV discount on GTU

my email question tor polar contact@shorecrestgroup.com I am a holder of gtu units, when I purchased units I did it with the full knowledge that it trades at a premium or discount depending on market sentiment  . This has always worked very well for me, I purchase at discount when gold is out of fav...
by steve
Tue Apr 21, 2015 3:26 pm
Forum: Gold
Topic: Shareholder activists are trying to unlock the NAV discount on GTU
Replies: 53
Views: 31580

Re: Shareholder activists are trying to unlock the NAV discount on GTU

This article makes some very good points. Long-Term Central GoldTrust Investor Joins Mounting Support Opposing Polar Proposal well stated objection to Polar Our primary objection however is to opportunistic shareholders who buy shares in vehicles with stated objectives, knowing full well the objecti...
by steve
Tue Apr 21, 2015 6:59 am
Forum: Gold
Topic: Shareholder activists are trying to unlock the NAV discount on GTU
Replies: 53
Views: 31580

Re: Shareholder activists are trying to unlock the NAV discount on GTU

As a GTU unit holder for a long time. I am 100% against polar.  My opinion is that will ruin all that is good about central gold trust.  Without going into a lot of detail premiums and discounts are controlled by the unit holders, no one is forced to sell at a discount. If you adhere to the PP philo...
by steve
Fri Nov 21, 2014 12:05 pm
Forum: Bonds
Topic: Using Vanguard's VBLTX for bond portion?
Replies: 4
Views: 4135

Re: Using Vanguard's VBLTX for bond portion?

vglt/edv even split is about the same as tlt, Back a few years ago I took tax loss harvest on tlt and bought vglt/edv , I never got the chance to re buy tlt as long term bond just went up from the point I sold tlt. If the commentators where correct in their prediction that Long term bonds were going...
by steve
Thu Nov 20, 2014 7:06 am
Forum: Gold
Topic: Losses and Form 8621 for PFIC
Replies: 5
Views: 3700

Re: Losses and Form 8621 for PFIC

First off let me make it clear that I am not a tax professional. I think what would I do if I were you. I do not think you have to file anything if you sell everything at a loss, however it only take a minute to fill out and file form 8621 so that is not a big deal either way. Now what I would be ex...
by steve
Tue Jun 10, 2014 10:14 am
Forum: Gold
Topic: Tax loss harvest GLD and buy half as much UGL?
Replies: 21
Views: 17714

Re: Tax loss harvest GLD and buy half as much UGL?

taken from  http://www.tradersgame.com/articles/taxing-gold.html Gold, silver and other metals in physical form As mentioned above, gold, silver and other physical metals (along with vintage wines, stamps, artworks and antiques) are classified by the IRS as “collectibles”?. If you held the investmen...
by steve
Wed Apr 09, 2014 8:38 pm
Forum: Gold
Topic: GTU Vastly Underperforming IAU and GLD
Replies: 26
Views: 12039

Re: GTU Vastly Underperforming IAU and GLD

Besides holding Physical gold in your own possession, I see GTU as a great way to invest in gold. I have been a holder of GTU for a long time, The premium and discount have always worked to my advantage, A person who follows the Permanent Portfolio will be the person who buys at a discount,(when an ...
by steve
Mon Jan 06, 2014 3:06 pm
Forum: Gold
Topic: GTU and Taxes reconsidered
Replies: 13
Views: 8680

Re: GTU and Taxes reconsidered

I never did revisit this thread in 2013 but I should have. My accountant said that I have to make an election stating that I am going to sell in the following year (when I finally decide to sell. Not anytime soon). And that is a hassle. I wish he had just listened to me quoting Steve. Instead he to...
by steve
Sat Sep 14, 2013 11:13 am
Forum: Bonds
Topic: Buy Price of TLT?
Replies: 12
Views: 7402

Re: Buy Price of TLT?

The beauty of the Perm Portfolio is you do not have to market time, you just buy when a re balance band is hit.  I am not going to make any predictions but a while back when everyone was talking about interest rates rising and long bonds should be sold, anyone who sold regretted it. There was a radi...
by steve
Wed Aug 28, 2013 8:56 am
Forum: Gold
Topic: GTU
Replies: 19
Views: 12601

Re: GTU

GTU has been selling at a discount ever since the big gold drop in April.  The discount doesn't seem to be getting any less even with the price increase over the last two months. I've been waiting for the discount to decrease, or go back to a premium, so I can sell and buy some physical gold. Does ...
by steve
Thu Jul 18, 2013 3:10 pm
Forum: Permanent Portfolio Discussion
Topic: Tax loss harvesting
Replies: 8
Views: 4755

Re: Tax loss harvesting

Hi everyone, I want to tax-harvest both my gold and treasury losses.  My gold allocation is 80% GTU and 20% IAU, and I own actual treasuries.  I do not want to own TLT due to third party risk.  I am also reluctant to sell any GTU right now due to the huge discount it is selling at, 5.8% as of yeste...
by steve
Thu Jul 11, 2013 2:50 pm
Forum: Bonds
Topic: Why such a big difference in daily performance between EDV and VGLT?
Replies: 4
Views: 3763

Re: Why such a big difference in daily performance between EDV and VGLT?

I use EDV/VGLT 50/50 split.  EDV/VGLT 50/50 split works similar to TLT
by steve
Thu Jun 27, 2013 1:02 pm
Forum: Gold
Topic: Rebalanced into gold
Replies: 23
Views: 11433

Re: Rebalanced into gold

I'm questioning this statement  because: (1) GLD is treated as a collectable by the IRS and (2) its the first I've heard of this "consensus" I haven't seen this consensus either, but I guess you could argue that with premium swings around +/- 10% to gld, the investing public certainly doe...
by steve
Wed Jun 26, 2013 5:53 pm
Forum: Gold
Topic: Rebalanced into gold
Replies: 23
Views: 11433

Re: Rebalanced into gold

I rebalanced on Friday and Monday. Bought more GTU. I rebalanced today, a bit early for me as I did not hit my 15/35 band but once I am in the 20/30 band range I feel that I need to keep a closer watch and if I want to rebalance why not and have piece of mind, I do not want to spend all day watchin...
by steve
Sat Jun 22, 2013 7:00 am
Forum: Permanent Portfolio Discussion
Topic: Oh how it hurts to see no gains
Replies: 412
Views: 162404

Re: Oh how it hurts to see no gains

I follow pretty close to a traditional PP, with the exception that I try to keep gold to more like 10% of my portfolio, and cash to little-more than my emergency fund (6 months income). This doesn't skew my cash too much btw :). I tend to see gold as a leveraged asset, not just a simple store of va...
by steve
Thu Jun 20, 2013 9:39 am
Forum: Permanent Portfolio Discussion
Topic: Oh how it hurts to see no gains
Replies: 412
Views: 162404

Re: Oh how it hurts to see no gains

Maybe it is time to revisit this
This image shows what I think about Investing Psychology and Market timing
Image
by steve
Wed Jun 19, 2013 2:29 pm
Forum: Gold
Topic: GTU for a large gold position?
Replies: 19
Views: 12216

Re: GTU for a large gold position?

I like GTU for a number of reasons, most have already been mentioned. From what I have seen the premium/discount have worked to the advantage of a PP who are buyers when Gold is down and sellers when it is up.  Besides GTU I like to have some physical gold, when I am a buyer of physical gold, I go t...
by steve
Thu Jun 13, 2013 5:22 am
Forum: Other Discussions
Topic: The Gleason Report
Replies: 3
Views: 3603

Re: The Gleason Report

I have been reading The Gleason Report for many years. I used to follow his one of his safety portfolios. He was also the first person who mentioned Permanent Portfolio (PRPFX) and when I started researching PRPFX I found Harry Browne and changed my portfolio from Toms Safety portfolio to 4x4 PP.  I...
by steve
Thu Apr 18, 2013 7:26 am
Forum: Other Discussions
Topic: Meat - the ethical dilemma
Replies: 36
Views: 11246

Re: Meat - the ethical dilemma

This is really something everyone should watch, even though it is not pleasant.
Earthlings (COMPLETE MOVIE) animal cruelty treatment fur meat vivisection

http://www.youtube.com/watch?v=19eBAfUF ... verified=1
by steve
Sat Mar 09, 2013 6:14 am
Forum: Gold
Topic: How to fill out form 8621?
Replies: 12
Views: 13686

Re: How to fill out form 8621?

my preference is taxact and I have been using it for years. I like the taxact deluxe version because it imports all the information from previous year and I can do multiple returns with it. As a repeat customer it is less then $10 and well worth it. It usually costs me $14.  Maybe you don't have st...
by steve
Fri Mar 08, 2013 6:09 pm
Forum: Permanent Portfolio Discussion
Topic: Troubled Waters Ahead for the PP
Replies: 64
Views: 27018

Re: Troubled Waters Ahead for the PP

Putting things in perspective, the last time I rebalanced was more then 2 years ago and although year to date I am down just under 1%, My portfolio increased just under 21% from last re-balance. I came close to re balancing  but I never hit the 15/35 bands, I was close (33%) but I thought if I re ba...
by steve
Fri Mar 08, 2013 10:12 am
Forum: Bonds
Topic: TLT considered harmful
Replies: 46
Views: 27316

Re: TLT considered harmful

50% VFITX + 50% EDV moves lock stock with 100% TLT.  Rebalanced yearly, it was nearly identical (even had a slightly better sharpe and lower DD). Clacy, how far back did your analysis go?  Are we sure that this 50/50 split will behave like TLT, or has it happened to do so recently?  This is an intr...
by steve
Fri Mar 08, 2013 10:05 am
Forum: Gold
Topic: How to fill out form 8621?
Replies: 12
Views: 13686

Re: How to fill out form 8621?

So it's looking like Turbotax doesn't support e-filing of this? Like MangoMan I've used Turbotax for years and like it. One year I did my taxes with turbotax, taxcut, taxact just to compare. Putting in the same information I got the same results and all are very similar, my preference is taxact and...
by steve
Thu Mar 07, 2013 5:06 pm
Forum: Gold
Topic: How to fill out form 8621?
Replies: 12
Views: 13686

Re: How to fill out form 8621?

Taxact just released an update and fixed the problem on form 8621 that was mentioned. You should be able to e file without a problem.
by steve
Thu Feb 28, 2013 7:00 am
Forum: Gold
Topic: How to fill out form 8621?
Replies: 12
Views: 13686

Re: How to fill out form 8621?

I just uploaded new samples using the new 2012  form 8621 Please note: I am not an accountant or tax professional so hope I am right, or consult your own tax professional https://docs.google.com/file/d/0B8hEwPFINYSdVXdVOXZuX0xfRXc/edit?usp=sharing https://docs.google.com/document/d/1g9VtzE13BiLlFSjL...