Search found 9460 matches

by Kevin M
Thu Jun 21, 2018 9:23 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 242
Views: 33504

Re: 2-year CDs at Vanguard and Fidelity Today

As I mentioned there, it should be pretty easy to find a 3-year CD at 3.1% on the secondary market, even after commission. As another example, about a week ago, I bought some of a 31-month CD at a net yield of about 3.05%, so five month less maturity and higher yield than a new-issue 3-year CD. Alt...
by Kevin M
Thu Jun 21, 2018 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term Treasury ETF vs just buying Treasuries
Replies: 32
Views: 1712

Re: Short-term Treasury ETF vs just buying Treasuries

I'm just trying to get a handle on whether holding money I don't need right away in Vanguard's Prime Money Market, VMMXX, would bring more income in some form of Treasury investment: always, sometimes, 50/50, rarely, etc. For example, I found this link https://thefinancebuff.com/treasury-bills-cd-m...
by Kevin M
Thu Jun 21, 2018 6:28 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 242
Views: 33504

Re: 2-year CDs at Vanguard and Fidelity Today

Any reason not to buy a new issue callable CD? If they call it for some reason, I just can just buy another most likely with a higher yield. Just when I was about to order one I had been looking at was gone, but a new one that seems interesting has appeared. It is a 3 year at 3.1%, callable in 6 mo...
by Kevin M
Thu Jun 21, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 242
Views: 33504

Re: 2-year CDs at Vanguard and Fidelity Today

I am curious though- since the CDs are issued by actual banks, are they covered by FDIC insurance when purchased through Fidelity via the secondary market, just as if you bought them directly through the bank in question? In your search results screen, look at the far-right column, Attributes and I...
by Kevin M
Thu Jun 21, 2018 5:45 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 242
Views: 33504

Re: 2-year CDs at Vanguard and Fidelity Today

Today at Fidelity, the yield on new-issue 3-year CD increased from 3.00% to 3.10%, yield on the 1-year increased to 2.40% (was at 2.30% yesterday I think, but it hit 2.35% a few times recently), and yield on 5-year increased to 3.40%. Yield on new-issue 2-year unchanged at 2.80%. The 3.10% is offere...
by Kevin M
Thu Jun 21, 2018 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term Treasury ETF vs just buying Treasuries
Replies: 32
Views: 1712

Re: Short-term Treasury ETF vs just buying Treasuries

In the case of Treasuries bought and sold on the secondary market, comparision with a bond ETF seems fair. OTOH, with short term Treasuries bought at auction and held to maturity, there is no issue of price fluctuation, so a comparison with money market rates might be more appropriate. I am not com...
by Kevin M
Thu Jun 21, 2018 4:48 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 242
Views: 33504

Re: 2-year CDs at Vanguard and Fidelity Today

jeffyscott wrote:
Thu Jun 21, 2018 2:09 pm
One more beginner's question...

The order options were "fill or kill" or "market", does this choice even matter for a new issue CD? I just left it on the one it had defaulted to, "fill or kill".
Shouldn't matter for new issue. I always leave it at the default of fill or kill.

Kevin
by Kevin M
Thu Jun 21, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating After Tax yield on CD
Replies: 7
Views: 846

Re: Calculating After Tax yield on CD

As for the ex-pat taxes, in my case it is all hypo tax. I pay my home state income tax. I should have moved my domicile to Texas before all this... With hypo tax do you get the state tax exemption on US Treasury interest? If so, you should factor your state income tax into your taxable-equivalent y...
by Kevin M
Thu Jun 21, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term Treasury ETF vs just buying Treasuries
Replies: 32
Views: 1712

Re: Short-term Treasury ETF vs just buying Treasuries

It is a taxable account. My marginal federal rate is 22% and state is 3%. OK, so since you don't pay state income tax on Treasuries, they are taxed at 22%, while savings accounts, money market funds, CDs, etc. are taxed at 25% (assuming you don't itemized and get a federal deduction for state incom...
by Kevin M
Wed Jun 20, 2018 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term Treasury ETF vs just buying Treasuries
Replies: 32
Views: 1712

Re: Short-term Treasury ETF vs just buying Treasuries

- If I buy at an auction I just get the same price as everyone else, right? Yes. The idea is to avoid the bid/ask spread? No. to avoid the large-quantity / small-quantity spread. - Am I likely to get a yield similar to what's currently advertised on the Fidelity web page for a similar maturity? Fid...
by Kevin M
Wed Jun 20, 2018 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term Treasury ETF vs just buying Treasuries
Replies: 32
Views: 1712

Re: Short-term Treasury ETF vs just buying Treasuries

But apparently I can get a 3-month Treasury with an SEC yield of 1.97%.-term savings? One thing to be aware of is that the yield you see on the Fidelity yields summary page could be for a maturity of up to a month more than indicated. For example, the 1.97% is for a Treasury maturing 10/18/2018, so...
by Kevin M
Wed Jun 20, 2018 4:35 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 242
Views: 33504

Re: 2-year CDs at Vanguard and Fidelity Today

Kevin, we’re using fidelity, so it’s $1 for a 1,000 cd secondary purchase. So I guess instead of it yielding 3.111% it yields 3.101. It was also bought yesterday so 6-15-2021 is just under 3 years. Yes, slightly less than 3-year maturity, so better to compare to 3-year than 2-year. Soonest settleme...
by Kevin M
Wed Jun 20, 2018 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 157
Views: 15773

Re: Vanguard Municipal Money Market VMSXX 1.39%

Here's a source which explains the seasonal variability in money market funds: https://www.gsam.com/content/dam/gsam/pdfs/us/en/fund-literature/investment-solution/ps-tax-free.pdf?sa=n&rd=n This seems to kind of explain some of it, but some of the explanations do not match what we've seen over the ...
by Kevin M
Wed Jun 20, 2018 2:35 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 242
Views: 33504

Re: 2-year CDs at Vanguard and Fidelity Today

I purchased a 1 lot cd maturing 6-15-2021 from some small bank like St. Cloud or something at 3.111 yesterday for my parents ira. Was this a decent yield compared to the market? Most two years were about 2.86% at the time so I figured the extra 0.25% yield was worth it. I believe it compounds month...
by Kevin M
Wed Jun 20, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating After Tax yield on CD
Replies: 7
Views: 846

Re: Calculating After Tax yield on CD

You need to factor in the EWP of 12 months of interest on your existing CD. Using this calculator, https://www.depositaccounts.com/tools/break-cd-calculator.aspx, you will find that you must earn a taxable-equivalent yield (TEY) of about 3.15% on a 32-month security to make breaking the CD barely wo...
by Kevin M
Wed Jun 20, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 242
Views: 33504

Re: 2-year CDs at Vanguard and Fidelity Today

Bought 18 mo. maturity at Fido on secondary market today- yield 2.79% lowered to about 2.73% after commission. Bought 24 mo. maturity at Fido on secondary market today- yield about 2.92% after commission. Nice. What quantities? Typically see the best deals on small quantities, like 5 or less. Kevin
by Kevin M
Tue Jun 19, 2018 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 157
Views: 15773

Re: Vanguard Municipal Money Market VMSXX 1.39%

The downswing in the muni MM funds was deeper relative to Prime MM this cycle than last cycle. However, the upswing so far is steeper than the last upswing (as always, the TEYs are for my marginal tax rates of 27% and 8%, no itemizing). https://s26.postimg.cc/87tikxg95/Money_Market_TEYs20180619.png ...
by Kevin M
Tue Jun 19, 2018 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Advice - Parking cash before it gets paid in taxes
Replies: 8
Views: 1039

Re: Advice - Parking cash before it gets paid in taxes

I think you'll jump to the highest tax bracket and not the 24% fed / 9% state. Since this transaction is done, there's no point going back and debate whether you should defer your gain. It's a long-term capital gain, so it will put you into the highest state tax bracket. The federal marginal tax ra...
by Kevin M
Tue Jun 19, 2018 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: 5 yr cd at 3%
Replies: 12
Views: 1736

Re: 5 yr cd at 3%

PenFed is offering 5 yr CDs at 3%. I guess I'll wait until we get back to 4%. But seems good. RbH Not really good in current environment. Can get new-issue 3-year brokered CD at 3%, and I've gotten more than 3% even for 31-month CD on secondary market. You can get new-issue 2-year brokered CD at 2....
by Kevin M
Tue Jun 19, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Northern Bank Direct MM - 2.26% APY
Replies: 14
Views: 2115

Re: Northern Bank Direct MM - 2.26% APY

Trial deposits/withdrawals hit my Ally checking account today, so I was able to complete the account setup with no glitches. Next step is for them to pull the initial $5K deposit from my Ally checking account. Since the trial deposits took one business day, I assume that will happen tomorrow. Note t...
by Kevin M
Mon Jun 18, 2018 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating After Tax yield on CD
Replies: 7
Views: 846

Re: Calculating After Tax yield on CD

A CDs after tax yield is calculated on paid interest per year but the CD compounds without the taxes. So calculating the ATY is not so straight forward. I calculate ATY on this CD to be 1.51% First, can you please explain this part a bit more? If in the US, you would pay taxes when the interest is ...
by Kevin M
Mon Jun 18, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 157
Views: 15773

Re: Vanguard Municipal Money Market VMSXX 1.39%

Similarly, I wonder if you wait for the SEC yield to peak and surpass the Prime, you may have already missed the higher rates and will just collect the decreasing rates (which may not be enough TEY to beat Prime yield)? It's true that your actual TEY will rise above Prime yield before TEY based on ...
by Kevin M
Mon Jun 18, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 157
Views: 15773

Re: Vanguard Municipal Money Market VMSXX 1.39%

The above discussion uses SEC yield rather than the distribution yield in making a judgement as to whether the state MM is better or worse than Prime. Maybe over the "long" term the SEC yield and distribution yields may converge (in theory), but in the short term it is the distribution yield that o...
by Kevin M
Mon Jun 18, 2018 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Northern Bank Direct MM - 2.26% APY
Replies: 14
Views: 2115

Re: Northern Bank Direct MM - 2.26% APY

First time through online application, it failed, and said to call. Called, and was told it was because of security questions, which I had suspected. Only thing to do is try again (they can't do anything by phone), so I did, and it worked second time through. Now waiting for the trial deposits to ve...
by Kevin M
Sun Jun 17, 2018 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Northern Bank Direct MM - 2.26% APY
Replies: 14
Views: 2115

Re: Northern Bank Direct MM - 2.26% APY

Be sure you can initiate transfers from another bank, the daily/monthly limits on external transfers from NBD out are $K/$25K. If you initiate the electronic transfer from your Northern Bank Direct account, there is a maximum daily limit of $5,000.00 (or the available balance in your account, which...
by Kevin M
Sun Jun 17, 2018 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Northern Bank Direct MM - 2.26% APY
Replies: 14
Views: 2115

Re: Northern Bank Direct MM - 2.26% APY

I was wondering if this account could be set up as payable on death (POD), as I want most financial assets either owned by my trust or using POD. I found this in their FAQ: Can I designate a beneficiary? Beneficiaries may not be added to the account during the account opening process. Once the accou...
by Kevin M
Sun Jun 17, 2018 12:56 pm
Forum: Investing - Theory, News & General
Topic: Flaw in Logic? CD ladder instead of bond funds
Replies: 63
Views: 4488

Re: Flaw in Logic? CD ladder instead of bond funds

You can buy an additional $10K/year of I Bonds at TD for your living trust using an entity account. You could make your own living trust using the NOLO press book and template, if for no other reason than to get an additional $10K/year of I Bonds. When I was buying I bonds, I was buying $20K/year--...
by Kevin M
Sun Jun 17, 2018 11:20 am
Forum: Investing - Help with Personal Investments
Topic: When to "raise my rate" (Ally bank CD)
Replies: 19
Views: 2438

Re: When to "raise my rate" (Ally bank CD)

Since it's my thread and I will hijack it if I want to, for a while now I have been wondering how I can buy CD-type fixed income investments (not bond funds) in my IRA accounts. Of course. You can hold IRA CDs at a bank (like Ally), credit union, or a brokerage. If at a brokerage, they are "brokere...
by Kevin M
Sat Jun 16, 2018 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 157
Views: 15773

Re: Vanguard Municipal Money Market VMSXX 1.39%

Thanks Kevin for your answer. Your 27% federal marginal rate is confusing to me. So you pay 12% in your tax bracket and in addition 15% for LT capital gains. Even if your marginal $ is from interest or wages and not LTCG? I did not realize LTCG generates a separate and additive tax to your tax brac...
by Kevin M
Sat Jun 16, 2018 10:43 pm
Forum: Investing - Theory, News & General
Topic: Flaw in Logic? CD ladder instead of bond funds
Replies: 63
Views: 4488

Re: Flaw in Logic? CD ladder instead of bond funds

You can buy an additional $10K/year of I Bonds at TD for your living trust using an entity account. You could make your own living trust using the NOLO press book and template, if for no other reason than to get an additional $10K/year of I Bonds. When I was buying I bonds, I was buying $20K/year--$...
by Kevin M
Sat Jun 16, 2018 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: When to "raise my rate" (Ally bank CD)
Replies: 19
Views: 2438

Re: When to "raise my rate" (Ally bank CD)

Consider breaking the CD and buying a 3-year brokered CD at 3%. According to https://www.depositaccounts.com/tools/break-cd-calculator.aspx, if you break a 2.35% CD with an EWP of 5 months of interest and invest it in a 3-year CD at 3%, you will earn about $100 more on $10K at the end of three year...
by Kevin M
Sat Jun 16, 2018 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 157
Views: 15773

Re: Vanguard Municipal Money Market VMSXX 1.39%

And here's a more sophisticated one at Fidelity: https://gpi.fidelity.com/ftgw/interfaces/tey/ Kevin, have you tried the Fidelity calculator compared to your spreadsheet? The Fidelity calculator used the same marginal rates, but came with a different rate when compared to CDs. I was specifically lo...
by Kevin M
Sat Jun 16, 2018 8:00 pm
Forum: Investing - Theory, News & General
Topic: Flaw in Logic? CD ladder instead of bond funds
Replies: 63
Views: 4488

Re: Flaw in Logic? CD ladder instead of bond funds

Do you know if there are minimum purchase requirements? And how does one go about purchasing these products? Do I open a CD directly, or is it as part of a taxable account? Also, how easy would it be to purchase similar products from Schwab/Fidelity/Vanguard? For example, I attempted doing a CD lad...
by Kevin M
Sat Jun 16, 2018 5:12 pm
Forum: Investing - Theory, News & General
Topic: Flaw in Logic? CD ladder instead of bond funds
Replies: 63
Views: 4488

Re: Flaw in Logic? CD ladder instead of bond funds

Many banks are and have been so flush with demand deposits (those paying nothing or very little, like checking accounts) that they haven't needed to pay anything for money markets or even CDs This! Golden. So there is so much money on the sidelines, it is hard to imagine. BofA Chase Citi WellsFargo...
by Kevin M
Sat Jun 16, 2018 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: When to "raise my rate" (Ally bank CD)
Replies: 19
Views: 2438

Re: When to "raise my rate" (Ally bank CD)

I appreciate the advice but if anyone would like to answer the actual question it would be nice. The problem is that we can't answer the question, because we don't know what higher rates Ally might offer on this CD in the future. I think #Cruncher's answer is the best anyone can do. Maybe you can s...
by Kevin M
Sat Jun 16, 2018 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 157
Views: 15773

Re: Vanguard Municipal Money Market VMSXX 1.39%

Out of curiosity, why is it more common to gross up tax-advantaged funds to TEY for comparability to Prime rather than comparing after tax yields? I get that this is two sides of the same coin, but I find it more grounding to think it terms of after-tax yields. Perhaps there is a psychological boos...
by Kevin M
Fri Jun 15, 2018 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: When to "raise my rate" (Ally bank CD)
Replies: 19
Views: 2438

Re: When to "raise my rate" (Ally bank CD)

I have a 4-year "raise your rate" CD that I have 1 remaining increase option on. It matures December 2021. Current APY for the CD is 2%, and I can exercise my increase option to raise it to 2.35% immediately. Should I do it now, or wait? Consider breaking the CD and buying a 3-year brokered CD at 3...
by Kevin M
Fri Jun 15, 2018 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Back to Treasurys...
Replies: 17
Views: 1991

Re: Back to Treasurys...

Since you'll be laddering into your rotation of 4 quarterly 6-month bonds, you may want to consider 3-month T-bills (currently paying 1.9%) for the funds that are waiting to be deployed. Now THAT sounds like a plan !!! These are all great ideas...I'll also look into the Treasury MM fund, but, IMHO,...
by Kevin M
Fri Jun 15, 2018 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Back to Treasurys...
Replies: 17
Views: 1991

Re: Back to Treasurys...

<snip>the MM acct. paying 1.5%.<snip> <snip>Other than that idea, I'm also looking for OTHER suggestions<snip> Switch money market funds. Vanguard Prime MM is paying 1.97%, and increasing at about 1 basis point every two days. Depending on your state tax rate, consider Vanguard Treasury Money Marke...
by Kevin M
Fri Jun 15, 2018 8:23 pm
Forum: Investing - Theory, News & General
Topic: Flaw in Logic? CD ladder instead of bond funds
Replies: 63
Views: 4488

Re: Flaw in Logic? CD ladder instead of bond funds

I'm not going to suggest what you should do, but I want to correct some misleading information that's been shared in this thread. Look back to the summer of 2012, when Treasury yields were even lower than today. You could have purchased a five year CD then that yielded 1.1%, which might have seemed ...
by Kevin M
Fri Jun 15, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: For Those Who Purchased Ally No Penalty CD's in Dec/Jan
Replies: 57
Views: 7320

Re: For Those Who Purchased Ally No Penalty CD's in Dec/Jan

I'm personally working on opening a money market account with Northern Bank Direct right now... 2.26% with FDIC insurance for $5K+. But I just wanted to update the particular purpose of this thread without derailing it. <snip> That's great, and it isn't derailing the thread, since the thread is abo...
by Kevin M
Fri Jun 15, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: For Those Who Purchased Ally No Penalty CD's in Dec/Jan
Replies: 57
Views: 7320

Re: For Those Who Purchased Ally No Penalty CD's in Dec/Jan

I'm thinking of breaking my 1.75% no-penalty cd and doing 3 smaller cd's to build a 6-month ladder i.e. 6 month cd at 2%, 12 month cd at 2.3% and 18 month cd at 2.35%. It's either that, or switch to the 1.8% no-penalty. I can't decide. VG Prime MM Fund has zero term risk, current SEC yield of 1.96%...
by Kevin M
Fri Jun 15, 2018 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: For Those Who Purchased Ally No Penalty CD's in Dec/Jan
Replies: 57
Views: 7320

Re: For Those Who Purchased Ally No Penalty CD's in Dec/Jan

If you don't itemize and fully deduct state taxes, for Treasuries: TEY = Y * (1-f) / (1 - f - s) Sorry, I'm confused by this. If you don't itemize, how can you deduct state taxes? Isn't that deduction only on Schedule A? Sorry, the wording seems to have been unclear--should be read as: If you don't...
by Kevin M
Fri Jun 15, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: For Those Who Purchased Ally No Penalty CD's in Dec/Jan
Replies: 57
Views: 7320

Re: For Those Who Purchased Ally No Penalty CD's in Dec/Jan

The no penalty 11-month CD appears to have been bumped 30 basis points from 1.50% to 1.80% (for $25K+). This is slightly better than the 1.75% locked in at the start of the calendar year by some people too. Fine if you want to keep a large amount of cash at Ally, but 1.8% isn't that great these day...
by Kevin M
Fri Jun 15, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 157
Views: 15773

Re: Vangaurd Municipal Money Market VMSXX 1.39%

Ok, let's say it's not the tax law. But why are the yields so variable? And, as someone pointed out above, why is this apparently predictable yield cycle not being arbitraged away? I don't think anyone participating in this thread has definitive answers to those questions. The yield cycle definitel...
by Kevin M
Wed Jun 13, 2018 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 157
Views: 15773

Re: Vangaurd Municipal Money Market VMSXX 1.39%

The TEY calculations assume no itemized deductions, or at least that state income tax is not deductible in calculating your marginal federal tax rate. Different states tax home-state muni interest differently, depending on how much is in the fund. It looks like you are assuming all of the national ...
by Kevin M
Wed Jun 13, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 157
Views: 15773

Re: Vangaurd Municipal Money Market VMSXX 1.39%

I just ran the calculations for my case and was surprised with the results. I live in a state with a high tax rate, and my highest after-tax yield would currently be with Vanguard Treasury Money Market. Interesting. I normally don't look at this fund, because the minimum investment is $50K, but I'l...
by Kevin M
Wed Jun 13, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 157
Views: 15773

Re: Vangaurd Municipal Money Market VMSXX 1.39%

Would you be willing to share the spreadsheet you have set up? Sure. It's a Google Sheet, and here's the link to a view-only version: https://docs.google.com/spreadsheets/d/1xYVmM-a1POETySkBTtr25Ezd8_3MzKo43G_xv-CmwG8/edit?usp=sharing. With your Google account, you can make a copy to get an editabl...
by Kevin M
Wed Jun 13, 2018 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 157
Views: 15773

Re: Vangaurd Municipal Money Market VMSXX 1.39%

Why is there so much fluctuation in muni money market yields? Is it just a quick of how Vanguard reports the yield, or should we actually be moving money back and forth to exploit this? It's not a quirk in how Vanguard reports yield. I've verified it directly by calculating the yield based on the c...
by Kevin M
Tue Jun 12, 2018 8:57 pm
Forum: Investing - Theory, News & General
Topic: Why is long bonds yielding less than short bonds?
Replies: 7
Views: 1083

Re: Why is long bonds yielding less than short bonds?

Funds like BND or BIV are making substantial investments in corporate bonds. With those bonds, there is a lot more risk that you won't get all of your interest payments or all of your principal back because the company goes bankrupt. As such, such bonds have a yield premium over treasuries. If you ...