Search found 1070 matches

by pascalwager
Sat May 26, 2018 1:09 am
Forum: Investing - Theory, News & General
Topic: Theory: Total World Index a Sure Fire Win [VT/VTWSX]
Replies: 121
Views: 8631

Re: Theory: Total World Index a Sure Fire Win [VT/VTWSX]

Sector Weightings of VTSAX and VTWSX: VTSAX VTWSX Basic Materials 3.19 5.88 Consumer Cyclical 12.35 12.27 Financial Services 16.72 18.42 Real Estate 3.56 3.73 Communication 2.81 3.39 Energy 5.96 6.36 Industrials 11.10 11.35 Technology 21.07 16.91 Consumer Defensive 6.77 8.02 Healthcare 13.55 10.66 ...
by pascalwager
Fri May 25, 2018 11:24 pm
Forum: Investing - Theory, News & General
Topic: Theory: Total World Index a Sure Fire Win [VT/VTWSX]
Replies: 121
Views: 8631

Re: Theory: Total World Index a Sure Fire Win [VT/VTWSX]

I was just taking a look at Vanguard's active alternative to VT, the Global Equity Fund, and it is just outright trouncing VT, or any two index fund mix (if you wanted to go back further than VT) over very long periods despite the extra 30bp or so cost. It's occasions like that that also cause me t...
by pascalwager
Fri May 25, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 71
Views: 4862

Re: US T bills - first time user

Thanks Livesoft. Why did they return 8% back in the day that Your Money or Your Life was written? What happened to them? The rate of inflation was crushed since then. In her updated version of Your Life or Your Money, Robin recommends Index funds instead of t-bills. Will index funds go the way of t...
by pascalwager
Wed May 23, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: Edelman & Financial Engines merging
Replies: 36
Views: 3550

Re: Edelman & Financial Engines merging

I hope Financial Engines was telling the truth, when they said they would delete all my data when I closed the free account I had with them. Some may recall that they were originally a completely free-as-in-beer website, and I opened an account with them in the year 2000 and gave them all my financ...
by pascalwager
Fri May 11, 2018 8:41 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 2961

Re: Muni bondholders vs. pensions

I recall Larry advising using the Baird muni fund instead of Vanguard. Higher quality bonds.
by pascalwager
Thu May 10, 2018 8:17 pm
Forum: Investing - Theory, News & General
Topic: Bond Fund Point of Indifference vs. Principle Recovery
Replies: 56
Views: 4487

Re: Bond Fund Point of Indifference vs. Principle Recovery

Seems to me that a retiree should not own bond funds--at least in a rising market. He/she may "need" to take redemptions prior to the point of indifference and thereby realize losses. But, if he/she only holds individual bonds he/she has a clear choice to delay redemptions until maturity and avoid l...
by pascalwager
Wed May 09, 2018 12:57 am
Forum: Investing - Theory, News & General
Topic: Vanguard - Newsletters
Replies: 8
Views: 1568

Re: Vanguard - Newsletters

My question is how many folks read these newsletters? If you read them, do you save them or ever refer to them again? I am subscribed to In the Vanguard and receive it every two weeks via email. I read the articles but don't save them. Thank you for that update. I was not aware that one could subsc...
by pascalwager
Tue May 08, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: Concerned about Total Bond Mkt duration increase?
Replies: 23
Views: 2386

Re: Concerned about Total Bond Mkt duration increase?

I know from painful experience that I don't handle duration risk well, so I keep my bonds duration between 2 and 3 years. For me, the basic Vanguard bond fund investment is the Short-Term Bond Index Fund (2.7 years). In my DFA accounts, I combine a 3.8 year duration fund with 0.9 year duration fund ...
by pascalwager
Mon May 07, 2018 12:27 am
Forum: Investing - Theory, News & General
Topic: NAME for the MPT or CAPM-based diagram with the hyperbola and tangent line?
Replies: 114
Views: 6224

Re: NAME for the MPT or CAPM-based diagram with the hyperbola and tangent line?

A risk-free (riskless) asset is a security that offers a perfectly predictable rate of return over the investment horizon. If the investment horizon is 6 months, a 6 month T-bill does that. If the investment horizon is twenty years, a zero coupon 20 year Treasury does that. There is no investing ho...
by pascalwager
Mon May 07, 2018 12:17 am
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 16914

Re: What Percentage CASH are you?

I'm retired, 52/37/11. The cash is bank HY savings (1.65% APY), but thinking about branching out into some higher duration cash.

Maybe end up with:

1/2 HY savings
1/2 Ultra Short-Term Bond
by pascalwager
Sun May 06, 2018 2:31 am
Forum: Investing - Theory, News & General
Topic: NAME for the MPT or CAPM-based diagram with the hyperbola and tangent line?
Replies: 114
Views: 6224

Re: NAME for the MPT or CAPM-based diagram with the hyperbola and tangent line?

I'm trying to understand relationships between variables, and I'm using figurative language. I am saying "if you imagine a set of different assets that are relatively less and less risky... Stocks-plus-Total Bond to Stocks-plus-Short-Term Bond Index to Stocks-plus three-month Treasury bills to stoc...
by pascalwager
Fri May 04, 2018 2:37 am
Forum: Investing - Theory, News & General
Topic: Vanguard - Newsletters
Replies: 8
Views: 1568

Re: Vanguard - Newsletters

You seem to be receiving an e-version of the newsletter, but my paper copy comes in the mail. Maybe that's what I selected. I only read it in bed and with great anticipation, hoping to find something of interest. Some issues do disappoint, but the paper stock is too heavy for "alternate use". Becaus...
by pascalwager
Thu May 03, 2018 3:23 pm
Forum: Investing - Theory, News & General
Topic: NAME for the MPT or CAPM-based diagram with the hyperbola and tangent line?
Replies: 114
Views: 6224

Re: NAME for the MPT or CAPM-based diagram with the hyperbola and tangent line?

The market portfolio should be on the efficient frontier curve , but Markowitz proved that it's really not unless leveraging is employed. Help my small brain reconcile the above statement with this: " The market portfolio is always efficient . For most people, the market portfolio is the most sensi...
by pascalwager
Thu May 03, 2018 3:02 pm
Forum: Investing - Theory, News & General
Topic: NAME for the MPT or CAPM-based diagram with the hyperbola and tangent line?
Replies: 114
Views: 6224

Re: NAME for the MPT or CAPM-based diagram with the hyperbola and tangent line?

The market portfolio should be on the efficient frontier curve , but Markowitz proved that it's really not unless leveraging is employed. [/color] Help my small brain reconcile the above statement with this: " The market portfolio is always efficient . For most people, the market portfolio is the m...
by pascalwager
Thu May 03, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: NAME for the MPT or CAPM-based diagram with the hyperbola and tangent line?
Replies: 114
Views: 6224

Re: NAME for the MPT or CAPM-based diagram with the hyperbola and tangent line?

The market portfolio should be on the efficient frontier curve , but Markowitz proved that it's really not unless leveraging is employed. Help my small brain reconcile the above statement with this: " The market portfolio is always efficient . For most people, the market portfolio is the most sensi...
by pascalwager
Thu May 03, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: NAME for the MPT or CAPM-based diagram with the hyperbola and tangent line?
Replies: 114
Views: 6224

Re: NAME for the MPT or CAPM-based diagram with the hyperbola and tangent line?

Holding Sharpe's practical version of the (risky) market portfolio* isn't difficult at all. For the equity part, just use the VG Total World Stock Fund; or for lower fees, use the two VG Total U.S. and int'l stock funds, (currently) set them at 52/48, and readjust next year. Sharpe describes the ent...
by pascalwager
Wed May 02, 2018 11:20 pm
Forum: Investing - Theory, News & General
Topic: Investing in the World - Part 2 and 3 [Financial Page blog article]
Replies: 27
Views: 3288

Re: Investing in the World - Part 2 and 3 [Financial Page blog article]

Yes, thanks for posting the study, siamond.

For the time being, I plan to remain at 100% global (currently 52% U.S.) with no domestic tilt. But if U.S. went below 50%, then I might rebalance to 50/50. With current high valuations, I especially don't want to tilt to U.S. right now.
by pascalwager
Wed May 02, 2018 11:04 pm
Forum: Investing - Theory, News & General
Topic: International Stock and Currency Issues
Replies: 40
Views: 2401

Re: International Stock and Currency Issues

I personally think a lot of international advocates don't "get" it that uncompensated extra risk is bad even if it is bidirectional . My understanding is that currency risk applies in the short-term, but not the long-term. In the long-term, currency fluctuations balance out to nothing, so risk comp...
by pascalwager
Wed May 02, 2018 5:45 pm
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.60%
Replies: 175
Views: 26672

Re: Ally online savings now at 1.50%

Synchrony Bank is now at 1.65%. Slightly ahead of VG Treasury MM Fund (1.62%, $50k min.), but the Treasury fund has the state tax exemption. I consider VG Prime MM unsuitable for large sums due to lack of FDIC or implied Federal protection. Synchrony takes three days to move money, but that doesn't ...
by pascalwager
Mon Apr 30, 2018 12:34 am
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 9246

Re: How did you tell the boss you're leaving/retiring?

I once received a letter from a doctor (specialist) I had visited about twice a year for a few years. He explained that his organization was forcing him to retire and he was requesting supportive letters from patients be sent to his management. I assume it was because of age, but he seemed quite com...
by pascalwager
Sun Apr 29, 2018 6:38 pm
Forum: Investing - Theory, News & General
Topic: International Stock and Currency Issues
Replies: 40
Views: 2401

Re: International Stock and Currency Issues

...I personally think that people think currency risk is high because they don't understand it and we assign higher than rational risk attributes to things that are complex... I personally think a lot of international advocates don't "get" it that uncompensated extra risk is bad even if it is bidir...
by pascalwager
Sun Apr 29, 2018 2:36 pm
Forum: Investing - Theory, News & General
Topic: International Stock and Currency Issues
Replies: 40
Views: 2401

Re: International Stock and Currency Issues

...I personally think that people think currency risk is high because they don't understand it and we assign higher than rational risk attributes to things that are complex... I personally think a lot of international advocates don't "get" it that uncompensated extra risk is bad even if it is bidir...
by pascalwager
Sat Apr 28, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: Removing Existing Satellite Systems
Replies: 16
Views: 1962

Re: Removing Existing Satellite Systems

Okay, I may leave the mounting plates. Incidentally, why would there be two dishes? Could they have been installed by two different satellite companies and the older one was abandoned? I haven't looked that closely at the cabling. Any insights on this? Also, I don't expect to move, but are existing ...
by pascalwager
Sat Apr 28, 2018 9:59 am
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 9246

Re: How did you tell the boss you're leaving/retiring?

I emailed my manager (his cubicle was about 20 strides distance) long in advance-maybe a year-I don't remember. I didn't want a party, but we had a small lunch. I was 69, but what finally motivated me to retire was the upcoming employee contract-much inferior to the existing contract. I retired, too...
by pascalwager
Fri Apr 27, 2018 10:10 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel's 1/3, 1/3, 1/3 diversification
Replies: 28
Views: 5018

Re: Jeremy Siegel's 1/3, 1/3, 1/3 diversification

... Is there evidence that investing in “higher risk” equities (as opposed to say the SP500), in fact led to higher returns over the long run? If so, what is the timeframe for the long run?... Not all risks are considered to have a "premium", but under the premises of EMH, if one earns a higher ret...
by pascalwager
Fri Apr 27, 2018 6:47 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel's 1/3, 1/3, 1/3 diversification
Replies: 28
Views: 5018

Re: Jeremy Siegel's 1/3, 1/3, 1/3 diversification

In fact, Formula 15, in his AAA paper is a tool for making proportion modifications to the WBS and numerous other portfolios. thanks for the feedback; is that on the web and if so do you have a link? The first link is his RISMAT paper. See especially Section 7 and others. The second link is his AAA...
by pascalwager
Fri Apr 27, 2018 6:25 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel's 1/3, 1/3, 1/3 diversification
Replies: 28
Views: 5018

Re: Jeremy Siegel's 1/3, 1/3, 1/3 diversification

Well William Sharpe strictly uses market cap weighing without currency hedging (he doesn't even have currency hedging for foreign bonds) https://www.youtube.com/watch?v=XsXOLZ9U7jI I personally deviate very significantly from the global portfolio, both because of currency considerations (I am in th...
by pascalwager
Thu Apr 26, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 52
Views: 6552

Re: Floating Net Worth w/ VT after 5 Years

There are three parts to that article. You can get to the other parts at the bottom. I took it to mean that (per that study) the sweet spot is 75% at Global market weight and 25% Domestic Tilt. Which would mean is US is 52% of global market weight, you'd be at around 64% US overall. I think they ar...
by pascalwager
Wed Apr 25, 2018 11:58 pm
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 52
Views: 6552

Re: Floating Net Worth w/ VT after 5 Years

I'm only posting this here because it hasn't been brought up in this thread as of yet. I found this very interesting. Siamond posted this on the Bogleheads Blog. https://finpage.blog/2017/03/25/investing-in-the-world-part-3/ Great article. So this is their conclusion: "The author believes that this...
by pascalwager
Wed Apr 25, 2018 11:22 pm
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 52
Views: 6552

Re: Floating Net Worth w/ VT after 5 Years

I'm only posting this here because it hasn't been brought up in this thread as of yet. I found this very interesting. Siamond posted this on the Bogleheads Blog. https://finpage.blog/2017/03/25/investing-in-the-world-part-3/ Great article. So this is their conclusion: "The author believes that this...
by pascalwager
Wed Apr 25, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 52
Views: 6552

Re: Floating Net Worth w/ VT after 5 Years

There are three parts to that article. You can get to the other parts at the bottom. I took it to mean that (per that study) the sweet spot is 75% at Global market weight and 25% Domestic Tilt. Which would mean is US is 52% of global market weight, you'd be at around 64% US overall. I think they ar...
by pascalwager
Wed Apr 25, 2018 2:34 pm
Forum: Investing - Theory, News & General
Topic: Another Warren Buffett S&P 500 Recommendation
Replies: 76
Views: 7315

Re: Another Warren Buffett S&P 500 Recommendation

From looking at the investment options of some 401k's and HSA's, it seems like if they offer Vanguard index funds, it's usually the S&P 500 index fund and not the Total Stock Market fund. I don't know why this is, and maybe my sample size is too small. But if it's true that TSM isn't offered in man...
by pascalwager
Wed Apr 25, 2018 1:34 am
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 52
Views: 6552

Re: Floating Net Worth w/ VT after 5 Years

Sorry, I can't answer that. I'm not going to complete the article as I don't know what the author means by Global. See my post directly above yours. Global is clearly defined as the entire World. Okay, you're right. By global he means the entire world. So I'll continue reading the article. I'm inte...
by pascalwager
Tue Apr 24, 2018 10:22 pm
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 52
Views: 6552

Re: Floating Net Worth w/ VT after 5 Years

I'm considering 100% VT/VTWSX too. Right now I have it only in my SEP IRA. The tough part about 5 years stress free (which is wonderful) is that the Total US Stock Market outperformed Total World. That's short term. If your 2050 prediction is true you're on the right track. There's a good chance it...
by pascalwager
Tue Apr 24, 2018 9:42 pm
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 168
Views: 13398

Re: I’m still not a fan of international bond funds

. . . Many years ago a widely accepted norm was an allocation between Total Bond Index and TIPS . . . Concur with AB, the old recommendation by "many experts" was to have 50% in Total Bond Market Index (VBMFX) and 50% in Vanguard Inflation-Protected Securities Fund (VIPSX), other "experts" recommen...
by pascalwager
Tue Apr 24, 2018 7:57 pm
Forum: Personal Consumer Issues
Topic: Negotiating for a new Toyota.[my fault comparing apples and oranges]
Replies: 34
Views: 3030

Re: Negotiating for a new Toyota.[my fault comparing apples and oranges]

My dealer (not Toyota) didn't allow negotiating (permanent dealer policy), but gave me a $500 discount for going with a color that the manager wanted to move.
by pascalwager
Tue Apr 24, 2018 7:40 pm
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 52
Views: 6552

Re: Floating Net Worth w/ VT after 5 Years

I'm only posting this here because it hasn't been brought up in this thread as of yet. I found this very interesting. Siamond posted this on the Bogleheads Blog. https://finpage.blog/2017/03/25/investing-in-the-world-part-3/ Great article. So this is their conclusion: "The author believes that this...
by pascalwager
Tue Apr 24, 2018 7:14 pm
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 168
Views: 13398

Re: I’m still not a fan of international bond funds

. . . Many years ago a widely accepted norm was an allocation between Total Bond Index and TIPS . . . Concur with AB, the old recommendation by "many experts" was to have 50% in Total Bond Market Index (VBMFX) and 50% in Vanguard Inflation-Protected Securities Fund (VIPSX), other "experts" recommen...
by pascalwager
Tue Apr 24, 2018 3:37 pm
Forum: Personal Consumer Issues
Topic: Removing Existing Satellite Systems
Replies: 16
Views: 1962

Re: Removing Existing Satellite Systems

One (smaller) dish is installed on the chimney wooden siding (vertical plane) and the other (larger) dish is installed on the roof over the eaves. I can see two lag screws sticking through the eaves when I'm standing underneath on the ground. But I realize that sealing is still important as water ca...
by pascalwager
Tue Apr 24, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 52
Views: 6552

Re: Floating Net Worth w/ VT after 5 Years

I'm only posting this here because it hasn't been brought up in this thread as of yet. I found this very interesting. Siamond posted this on the Bogleheads Blog. https://finpage.blog/2017/03/25/investing-in-the-world-part-3/ Great article. So this is their conclusion: "The author believes that this...
by pascalwager
Mon Apr 23, 2018 10:43 pm
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 128
Views: 19277

Re: Is it time to dump high yield savings for prime money market?

I question the use of the word "dump" in the thread title. Yes, I know it's only an investment implementation, but it still seems unnecessarily harsh and disrespectful. I would have used, maybe, "relinquish". I suppose I should apologize to both you and high yield savings accounts across the countr...
by pascalwager
Mon Apr 23, 2018 10:29 pm
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 52
Views: 6552

Re: Floating Net Worth w/ VT after 5 Years

I'm considering 100% VT/VTWSX too. Right now I have it only in my SEP IRA. The tough part about 5 years stress free (which is wonderful) is that the Total US Stock Market outperformed Total World. That's short term. If your 2050 prediction is true you're on the right track. There's a good chance it...
by pascalwager
Mon Apr 23, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 128
Views: 19277

Re: Is it time to dump high yield savings for prime money market?

Does anyone know if there is a monthly transaction limit for PMMF? My current high yield savings account at Synchrony limits to six per month. I don't think money market funds are subject to Reg D. Appears that the Treasury is phasing them out, too. Out of curiosity, do you have a source for this s...
by pascalwager
Mon Apr 23, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 52
Views: 6552

Re: Floating Net Worth w/ VT after 5 Years

Sometimes I wish I could stop fretting over my slice & dice asset allocation and just do a simple one like 75% VT (all-world equity) + 25% VFIUX (US intermediate treasury bonds). My TWS allocation actually evolved from a longtime 50/20/30 (S&P 500/SC/EAFE) workplace portfolio. I guess I should have...
by pascalwager
Mon Apr 23, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 52
Views: 6552

Re: Floating Net Worth w/ VT after 5 Years

I wish Vanguard would open up an Admiral Shares class for Total World. That would make getting 100% on board an easier decision. Does anyone know why total world has less stocks than if you combine total us and total international? This, and the expense ratio difference is why I'm not actually in V...
by pascalwager
Mon Apr 23, 2018 10:06 am
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 52
Views: 6552

Re: Floating Net Worth w/ VT after 5 Years

I wish Vanguard would open up an Admiral Shares class for Total World. That would make getting 100% on board an easier decision. Does anyone know why total world has less stocks than if you combine total us and total international? That's just the way the FTSE index is constituted. The fund prospec...
by pascalwager
Mon Apr 23, 2018 12:09 am
Forum: Personal Consumer Issues
Topic: Removing Existing Satellite Systems
Replies: 16
Views: 1962

Re: Removing Existing Satellite Systems

Yes, I noticed water on the garage floor this winter and saw water dripping in the overhead space next to a big sheet metal air vent. Finally found a nail-hole (I guess) in a roof shingle, caulked it with roof silicon, and the leak stopped. If I have a contractor remove the dishes, I'll certainly do...
by pascalwager
Sun Apr 22, 2018 11:20 pm
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 128
Views: 19277

Re: Is it time to dump high yield savings for prime money market?

When I compare high yield saving account - max you can get is 1.8% - taxable Look at I-bonds, paying currently at 2.48%, tax deferred until you sell - no state/local tax. so why putting in a bank ? I-bond purchases are limited to $10k per year. Also, not liquid first year. Penalty to redeem for fir...
by pascalwager
Sun Apr 22, 2018 7:12 pm
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 128
Views: 19277

Re: Is it time to dump high yield savings for prime money market?

If lack of FDIC insurance is not a concern, is there any reason to not transfer my cash savings from Synchrony Bank (1.55% interest) to Vanguard Prime Money Market (1.80%)? Don't forget to subtract the fund ER (0.16%) from the yield. For Prime MM: 1.79 minus 0.16 = 1.63% interest and no FDIC. That ...
by pascalwager
Sun Apr 22, 2018 6:58 pm
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 128
Views: 19277

Re: Is it time to dump high yield savings for prime money market?

Bulgogi Head wrote:
Sat Apr 21, 2018 8:07 pm
If lack of FDIC insurance is not a concern, is there any reason to not transfer my cash savings from Synchrony Bank (1.55% interest) to Vanguard Prime Money Market (1.80%)?
Don't forget to subtract the fund ER (0.16%) from the yield. For Prime MM: 1.79 minus 0.16 = 1.63% interest and no FDIC.