TLT vs Buy Your own

Discussion of the Bond portion of the Permanent Portfolio

Moderator: Global Moderator

User avatar
dualstow
Executive Member
Executive Member
Posts: 10443
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: TLT vs Buy Your own

Post by dualstow » Mon Mar 20, 2017 11:02 am

Lang wrote:
dualstow wrote:Assuming you get your money back, you buy this instead of a Vanguard corp bond fund like VCIT when you have a time-related goal?
Pretty much.
Supposedly, we small-fry retailer investors get screwed over when we try to buy corp bonds directly.
In my vp, I have experimented with;
A) zero-coupon treasury bonds
B) Google and GE Bonds
and
C) VCIT (mentioned above).

This is all in tax-sheltered accounts, which are kind of small and (A) and (B) are mere nibbles.

This guggenheim product line is not cheap, but I suppose it's a nice way to replace (B) above without getting screwed on the price.
RIP Charlie Daniels
User avatar
vnatale
Executive Member
Executive Member
Posts: 2859
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Re: TLT vs Buy Your own

Post by vnatale » Fri Jan 24, 2020 10:29 pm

dualstow wrote:
Wed Mar 15, 2017 7:33 pm
Having to sell the bonds when ~20 years are left is the part I like the least.
I still prefer indy bonds, though.
If you bought bonds at 30 years how many times have you actually had to have done this? You'd have had to have owned the bonds for 10 years? For how long have you been in the Permanent Portfolio? Or, were you speaking prospectively?

Vinny
"I only regret that I have but one lap to give to my cats."
User avatar
dualstow
Executive Member
Executive Member
Posts: 10443
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: TLT vs Buy Your own

Post by dualstow » Fri Jan 24, 2020 10:41 pm

vnatale wrote:
Fri Jan 24, 2020 10:29 pm
dualstow wrote:
Wed Mar 15, 2017 7:33 pm
Having to sell the bonds when ~20 years are left is the part I like the least.
I still prefer indy bonds, though.
If you bought bonds at 30 years how many times have you actually had to have done this? You'd have had to have owned the bonds for 10 years? For how long have you been in the Permanent Portfolio? Or, were you speaking prospectively?
How come you sign your name after every post?
I think I started in 2010. My earliest bought long bond is due November 2040 so this is the first year that I’m facing the prospect of selling.
RIP Charlie Daniels
User avatar
sophie
Executive Member
Executive Member
Posts: 3624
Joined: Mon Apr 23, 2012 7:15 pm

Re: TLT vs Buy Your own

Post by sophie » Sat Jan 25, 2020 9:13 am

I get to sell some bonds in taxable next year (2041 vintage), which I'm not looking forward to because they're about 20% up on the buy price.

I figure I'm not likely to avoid most capital gains taxes in the future though, so in a way I'm not avoiding pain, just taking it a bit early. Thinking to use Fidelity's new long term treasury mutual fund instead though. It's so much easier than buying and selling bonds - I've found that selling can get pretty tricky.

I even have a bond in a tax-advantaged account that I've tried several times to sell (just to consolidate) and have been unable to because the trade order keeps coming up with errors. When I've sold in the past I can get around the errors by selling at market price while the bond markets are open. This I can't even do with this particular bond for some strange reason.
User avatar
dualstow
Executive Member
Executive Member
Posts: 10443
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: TLT vs Buy Your own

Post by dualstow » Sat Jan 25, 2020 9:32 am

sophie wrote:
Sat Jan 25, 2020 9:13 am
I get to sell some bonds in taxable next year (2041 vintage), which I'm not looking forward to because they're about 20% up on the buy price.
...
How much interest are they paying, Sophie? Like 3⅛%?
RIP Charlie Daniels
flyingpylon
Executive Member
Executive Member
Posts: 512
Joined: Fri Jan 06, 2012 9:04 am

Re: TLT vs Buy Your own

Post by flyingpylon » Sat Jan 25, 2020 10:12 am

dualstow wrote:
Sat Jan 25, 2020 9:32 am
sophie wrote:
Sat Jan 25, 2020 9:13 am
I get to sell some bonds in taxable next year (2041 vintage), which I'm not looking forward to because they're about 20% up on the buy price.
...
How much interest are they paying, Sophie? Like 3⅛%?
I have some 2041 bonds and that’s what they are paying, 3.125%.
User avatar
dualstow
Executive Member
Executive Member
Posts: 10443
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: TLT vs Buy Your own

Post by dualstow » Sat Jan 25, 2020 10:20 am

Not too shabby.
RIP Charlie Daniels
User avatar
vnatale
Executive Member
Executive Member
Posts: 2859
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Re: TLT vs Buy Your own

Post by vnatale » Sat Jan 25, 2020 12:21 pm

dualstow wrote:
Fri Jan 24, 2020 10:41 pm

How come you sign your name after every post?
Because that is what I do in every email I send. And, any private messages I send here. Otherwise my real name is not showing.

Over the decades I've been on many email discussion lists and it was normal for people both to sign their names after each post plus use their real names. What is the reason why so many here do not use their real names in any way? It was highly irregular in all those email discussion lists to NOT use their real names.

Vinny
"I only regret that I have but one lap to give to my cats."
User avatar
pugchief
Executive Member
Executive Member
Posts: 3525
Joined: Tue Jun 26, 2012 2:41 pm
Location: suburbs of Chicago, IL

Re: TLT vs Buy Your own

Post by pugchief » Sat Jan 25, 2020 12:27 pm

vnatale wrote:
Sat Jan 25, 2020 12:21 pm
dualstow wrote:
Fri Jan 24, 2020 10:41 pm

How come you sign your name after every post?
Because that is what I do in every email I send. And, any private messages I send here. Otherwise my real name is not showing.

Over the decades I've been on many email discussion lists and it was normal for people both to sign their names after each post plus use their real names. What is the reason why so many here do not use their real names in any way? It was highly irregular in all those email discussion lists to NOT use their real names.

Vinny
Can't speak for others, but with some of the things that get posted here, financial and otherwise, I prefer my anonymity.
User avatar
vnatale
Executive Member
Executive Member
Posts: 2859
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Re: TLT vs Buy Your own

Post by vnatale » Sat Jan 25, 2020 12:31 pm

pugchief wrote:
Sat Jan 25, 2020 12:27 pm
vnatale wrote:
Sat Jan 25, 2020 12:21 pm
dualstow wrote:
Fri Jan 24, 2020 10:41 pm

How come you sign your name after every post?
Because that is what I do in every email I send. And, any private messages I send here. Otherwise my real name is not showing.

Over the decades I've been on many email discussion lists and it was normal for people both to sign their names after each post plus use their real names. What is the reason why so many here do not use their real names in any way? It was highly irregular in all those email discussion lists to NOT use their real names.

Vinny
Can't speak for others, but with some of the things that get posted here, financial and otherwise, I prefer my anonymity.
It had crossed my mind that it might be due to personal financial matters being disclosed. But, on the other hand, I'd wonder if it was a newer trend as financial matters would not be the reason why the same (not using real names) is done on a discussion forum primarily discussing one major league baseball team.

Vinny
"I only regret that I have but one lap to give to my cats."
User avatar
pugchief
Executive Member
Executive Member
Posts: 3525
Joined: Tue Jun 26, 2012 2:41 pm
Location: suburbs of Chicago, IL

Re: TLT vs Buy Your own

Post by pugchief » Sat Jan 25, 2020 12:54 pm

With the security agencies, google, and who knows who else seeing everything that is put out there, you wouldn't want something said on an internet forum in passing to come back and haunt you in real life later. I have heard of people being disqualified from jobs because of stupid shit they said on facebook or twitter. Same applies here.
User avatar
dualstow
Executive Member
Executive Member
Posts: 10443
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: TLT vs Buy Your own

Post by dualstow » Sat Jan 25, 2020 4:51 pm

vnatale wrote:
Sat Jan 25, 2020 12:21 pm
What is the reason why so many here do not use their real names in any way? It was highly irregular in all those email discussion lists to NOT use their real names.
Unfortunately, my real name is Keanu Reeves, and I don’t want to cause any trouble with that other guy. He’s so nice.
No, it’s what pug said.

• One always has the option to reveal one’s real name in a private message or at an in-person meeting, but you never know if you’re going to rub a random psycho the wrong way — especially if you occasionally spout obnoxious bombast like I do — and it’s just not worth it. You cannot undo a public name reveal. Just ask Jan Van- I still remember when his handle had the rest of his name. O0

• How do we even know when someone uses a normal-sounding name and photo (on twitter, for example), that it’s really that person? I’m not talking about celebrities or officials with blue checks, of course.
RIP Charlie Daniels
Post Reply