by jhogue » Today, 3:26 pm \ I am alternately fascinated and perplexed by the endless hunt for yield in Cash that populates this thread and others like it. I'm too lazy to chase yield, but I do enjoy reading the threads of those who chase it. Setting aside the long bonds I bought for the vp, I have...

A 3 month T bill sold for 1.56% on 11/21/19 at Fidelity. I think the 4 week was about the same.

With yields this low and the Treasury curve this flat, isn’t it pointless (and unnecessarily risky) to buy one year bank CDs instead of T-bills on auto-roll?

I am alternately fascinated and perplexed by the endless hunt for yield in Cash that populates this thread and others like it. The Fed, which exerts enormous power over short-term interest rates, has repeatedly set its target for future inflation at 2%. Therefore, if you buy a CD that yields 2.06%, ...

Read the introduction in Harry Browne's Guide to Swiss Banks, first published back in 1976. Uncle Harry starts with a story about a Jewish family in Germany that prepared for the worst in the early 1930s by transferring their assets into gold and making deposits into then-secret Swiss bank accounts....

ochotona wrote: ↑Fri Nov 15, 2019 12:59 pm BondtholeMEOW is frightened.

I don't see the point of owning something with a duration longer than your lifetime. I guess if you're young it's okay. In 30 or 35 years I'm gone anyway.

Think again. How long do you think a $20 gold coin will last?

There is nothing magical about a 30 year maturity for Treasury bonds. Some municipalities and institutions (and countries) already sell 50 or 100 year bonds. Trump wants to introduce the sale of 50 year T-bonds to reduce financing costs for the federal government, especially for long term infrastruc...

Senators Warren and Sanders cannot wait for Mayor Bloomberg to jump into the 2020 race for president. They relish the chance to face off against a flesh-and-blood billionaire who has refused to endorse a wealth tax. They will proclaim that his position is simply a product of his personal greed and r...

Senators Warren and Sanders cannot wait for Mayor Bloomberg to jump into the 2020 race for president. They relish the chance to face off against a flesh-and-blood billionaire who has refused to endorse a wealth tax. They will proclaim that his position is simply a product of his personal greed and r...

The inversion of the Treasury yield curve disappeared today. The entire curve is now positive from the 3 month T bill to the 30 year T bond. I first noticed the present inversion between the 2 and 3 year T bill in Dec. 2018. Hard to say whether this development portends an end to lower interest rate...

Senator Warren has already made it clear that her wealth tax will only affect the richest 0.1% (or those with more than $50 million net worth). She claims it will have no effect on those who are merely affluent-- like you and me. Her press release is found here: https://www.warren.senate.gov/newsroo...

Senator Warren's wealth tax proposal is the most menacing development of this electoral season for two reasons:

1. Her proposal would in many cases amount to double taxation.

2. Her rationale for this tax incites a dangerous hatred of the rich.

Do you know of any plans for Texas to strike their own gold coins?

I think I read somewhere that Teddy Roosevelt wanted the high relief coin for general circulation but the Treasury told him that it was impractical because it would not stack properly.

Have you tried stacking your 2008 restrike?

A win for "Don't Mess With Texas" attitude.

BTW, Libertarian666, I love your new avatar. The Saint Gaudens $20 double eagle is my favorite coin design of all time.

How well do you think the Obama Administration dealt with Chinese trade issues and theft of American intellectual property?

Please cite specific examples and establish a comparative context.

If the Treasury yield curve holds steady, I expect to buy my 2020 I bonds on 1 January or immediately thereafter. The sag in the middle of the yield curve has been warning of lower interest rates since Dec. 2018, so I see no compelling reason to wait for the May 1 2020 reset. While the 11/01/19 redu...

Hmmm… I tried (unsuccessfully) to run a comparison between the Desert and HBPP portfolios for longer periods (5 or 10 years) ending in 1981. Portfolio Visualizer shortened the period to Jan. 1978 – Dec 1981, with a note that: “The time period was constrained by the available data for Long Term Treas...

I personally have a strong preference for the cash & long term treasury (barbell) combination, over the 10 year ladder or intermediate fund, because it's so much more flexible, and there are many good things about having a big chunk of cash. Assuming the barbell really is equivalent to the 10 y...

Stocks 27% (mostly ITOT)
Bonds 23% (all 30 year T-bonds)
Gold 23% (mostly SGOL and IAU)
Cash 27% (divided between FDLXX /STTs/US savings bonds)

-No VP
-Annual Roth IRA conversions.

Your query reminds me of the time that an American reporter asked Chinese premier Chou Enlai what he thought about the French Revolution. He pondered that matter for a moment, and then replied “Too soon to tell.”

Exactly. Just as in the Lehman Brothers bankruptcy in 2008, it will be impossible in advance to predict where, when, and how the next liquidity crisis will strike. The point of holding T-bills in a brokerage, I bonds in a safe deposit box or TreasuryDirect account, and a stash of greenbacks somewher...

I doubt that it matters whether most people think that Trump is doing a good job or not. Consider the following: Elizabeth Warren supporters are congenitally incapable of accepting that Donald Trump was elected President in 2016. Bernie Sanders supporters insist that they do not know anyone who vote...

What makes you think that Fidelity and Vanguard are somehow safer than the U.S. Treasury?

From Tipswatch on seeking alpha I-Bond Investors: Act Now, Don't Delay Oct. 12, 2019 7:02 PM I Bonds issued before November 1 will carry a permanent fixed rate of 0.50%, creating a real return higher than that of a 5-, 10- or 20-year TIPS. The Treasury will reset this fixed rate on November 1, and ...

My wife bought a Rolex for me more than 30 years ago as a wedding present. I wear it almost every day. She also bought a Rolex for herself at the same time. Hers is solid gold; mine is mostly stainless steel. She rarely wears hers. It mostly sits in the safe deposit box next to our stack of I-bonds ...