Search found 2957 matches

by Angst
Sun Oct 01, 2023 10:20 pm
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1203364

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

I haven't posted in an I Bonds thread for a long time, so scrolling down through this entire page of posts was kinda entertaining, especially how some things never change: Same questions, same arguments, same logic... and, the same absence of people mentioning the "put" value of US Govt Savings Bonds. So I'll mention it. Come November when one might decide to buy I Bonds (Don't settle for .9% when the fixed rate is almost surely going to go higher), you'll also be buying a "put" of sorts on real rates. 12 months or more after buying in November, if real rates have continued to rise, instead of the TIPS buyer who's kicking themselves for having bought too soon and losing value on their TIPS b/c of the rise in rates, your ...
by Angst
Thu Aug 03, 2023 11:14 am
Forum: Investing - Theory, News & General
Topic: Trading Treasuries (nominal and TIPS)
Replies: 4107
Views: 455588

Re: Trading Treasuries (nominal and TIPS)

Here is a chart showing the weekly Treasury Auction yields for the 4 week, 8 week, 13 week, and 26 week T-Bills. There is an interesting pattern in the spread between yields. Notice how the difference in yields has declined in recent months. Yields seem to be converging into a narrow range. If anyone has an explanation please pass it along. [SNIP]... https://i.postimg.cc/W3CTBKmd/VMSXX-44.png I think your graph is showing (nicely) the short term Treasury market's expectations in response to Fed actions and guidance over the better part of the last 2 years, and over the last 4 months or so, perhaps the market has been gaining confidence in the notion that rate increases may be nearing or at a point where a pause that will persist is taking ...
by Angst
Thu Jul 20, 2023 2:46 pm
Forum: Investing - Theory, News & General
Topic: Schwab vs. Fidelity vs. Vanguard
Replies: 111
Views: 16486

Re: Schwab vs. Fidelity vs. Vanguard

I've long held the bulk of my funds at Vanguard, but I've also long held and stuck with a relatively small mutual fund IRA account at Fidelity. But now, having transferred a fairly large (~ $100k) HSA account from Lively to Fidelity, I'm surprised to learn how good I've actually had it with Vanguard's trading platform (and w/ TD Ameritrade/Lively), at least as far as settlement fund (aka "core fund") requirements go: At Vanguard: I can place an order/trade to buy equity or fixed income or schedule a future Treasury auction purchase, all without having any money in my settlement (core) fund. I simply must be sure to arrange/remember to have the required funds in my settlement/core fund by the future settlement date(s) of any trade...
by Angst
Thu Jul 20, 2023 1:44 pm
Forum: Investing - Theory, News & General
Topic: Schwab vs. Fidelity vs. Vanguard
Replies: 111
Views: 16486

Re: Schwab vs. Fidelity vs. Vanguard

I've long held the bulk of my funds at Vanguard, but I've also long held and stuck with a relatively small mutual fund IRA account at Fidelity. But now, having transferred a fairly large (~ $100k) HSA account from Lively to Fidelity, I'm surprised to learn how good I've actually had it with Vanguard's trading platform (and w/ TD Ameritrade/Lively), at least as far as settlement fund (aka "core fund") requirements go: At Vanguard: I can place an order/trade to buy equity or fixed income or schedule a future Treasury auction purchase, all without having any money in my settlement (core) fund. I simply must be sure to arrange/remember to have the required funds in my settlement/core fund by the future settlement date(s) of any trades...
by Angst
Tue Apr 25, 2023 10:10 am
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1203364

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

I think this is different. You must complete the purchase by 4/27, so you must submit the request by 4/26. My interpretation (and experience) is that if you "complete your purchase" by entering request online on this Thur 27th, Treasury will then "complete" it on their end the next business day, i.e. very early on Friday morning, the 28th by pulling the funds from your bank account then. I think it's just semantics and nothing different from the way it's always been, at least that's what I'm assuming. I'll be logging on myself later today or tomorrow to schedule a purchase to take place this Friday, the 28th. I'll see if they give me any unexpected warning. Scheduling a purchase in advance is THE KEY CONCEPT. TD’s sched...
by Angst
Mon Apr 24, 2023 4:24 pm
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1203364

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

billthecat wrote: Mon Apr 24, 2023 4:08 pmI think this is different. You must complete the purchase by 4/27, so you must submit the request by 4/26.
My interpretation (and experience) is that if you "complete your purchase" by entering request online on this Thur 27th, Treasury will then "complete" it on their end the next business day, i.e. very early on Friday morning, the 28th by pulling the funds from your bank account then. I think it's just semantics and nothing different from the way it's always been, at least that's what I'm assuming. I'll be logging on myself later today or tomorrow to schedule a purchase to take place this Friday, the 28th. I'll see if they give me any unexpected warning.
by Angst
Mon Apr 24, 2023 3:40 pm
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1203364

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

billthecat wrote: Mon Apr 24, 2023 2:23 pm Not sure if this is typical every month, but I notice that there is a notice at treasurydirect.gov that:
To receive the current 6.89% rate for I Bonds, you must complete your purchase by 11:59 p.m. Eastern Time on Thursday, April 27.
Which is a day before the last weekday of the month.
I don't know if the notice itself is something special, but the facts within it are not new. Any time one enters/completes the online paperwork for purchasing an I Bond, the purchase date will never actually be that same day. It will be the next business day, unless you scheduled it to take place even farther in the future.
by Angst
Sun Apr 23, 2023 6:43 pm
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1203364

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

Thank you for the catalog of Treasury quotes at the top of your post. Great context. [SNIP]... Treasury dept, at least from its statements, doesn't think recession in likely.. If Fed funds rate is at 5% and 10Y TIPs is at 1.3%, it seems likely fixed rate will rise. But it doesn't make me conclude that it's likely Treasury will push up the I Bonds fixed rate. Treasury's wishful/hopeful statements promote the idea that the Fed is being quite successful and perhaps doesn't need to boost the FFR further. Moreover, that as inflation (hypothetically) continues to moderate that the FFR will soon begin to be trimmed as well. That does not suggest to me that Treasury has a need nor desire to possibly communicate something different by raising the I ...
by Angst
Sun Apr 23, 2023 3:03 pm
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1203364

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

Using that formula to predict the new fixed rate results in a 1.459% average yield that discounts by 65% to 0.948%, which just barely rounds down to a predicted 0.9% fixed rate. So that is my prediction and it will be interesting to see what actually happens. In any case, the data may be useful to anyone else who wants to try reading the tea leaves, so check out the spreadsheet if you are intrigued. Based on data and tipswatch articles, I guessed 0.8%. The range is 0.6-1.0%. As there is no banking crisis/recession+ Fed plans to hold rates longer for higher - fixed rate should be at the higher end. One can't be sure, as there is no announced formula. Here's to hoping for high fixed rate. 👍🏽 I respect Tipswatcher's insight and agree it's pro...
by Angst
Fri Apr 07, 2023 10:38 pm
Forum: Investing - Theory, News & General
Topic: TIPS ladder, how to cover the black hole.
Replies: 45
Views: 5384

Re: TIPS ladder, how to cover the black hole.

IDpilot wrote: Fri Apr 07, 2023 7:02 pm
Angst wrote: Fri Apr 07, 2023 5:08 pm In addition to the options you and others have already mentioned, you could buy TIPS that mature in 2024 thru 2029 with the plan to roll them at maturity into 10-year TIPS at auction. That would cover the black hole of 2034 thru 2039.
pretty sure that was option four I mentioned
omg, I see...
No "pretty sure" about it anymore, that's EXACTLY what you said in your "fourth option"!
How could I have missed that? I only hope you can forgive me.
:oops:
by Angst
Fri Apr 07, 2023 5:43 pm
Forum: Investing - Theory, News & General
Topic: TIPS ladder, how to cover the black hole.
Replies: 45
Views: 5384

Re: TIPS ladder, how to cover the black hole.

oxothuk wrote: Fri Apr 07, 2023 5:20 pm Right now I’m leaning toward crunchers second option (extra bonds that mature after the gap). One of my concerns is that at some point the treasury might stop issuing TIPS (like Canada did last year).

[SNIP]...
I'm not trying to invalidate your concern, but it's not a big one of mine. I believe TIPS will be around for years to come. I've read papers that purport to show that Treasury actually benefits a bit more from its sale of TIPS than nominals. Here's something from Treasury itself that touches on this:

https://home.treasury.gov/system/files/221/TBACCharge1Q42021.pdf

I doubt Canada's reasons will carry over to the US Treasury.
by Angst
Fri Apr 07, 2023 5:08 pm
Forum: Investing - Theory, News & General
Topic: TIPS ladder, how to cover the black hole.
Replies: 45
Views: 5384

Re: TIPS ladder, how to cover the black hole.

In addition to the options you and others have already mentioned, you could buy TIPS that mature in 2024 thru 2029 with the plan to roll them at maturity into 10-year TIPS at auction. That would cover the black hole of 2034 thru 2039.
by Angst
Sat Mar 25, 2023 10:31 am
Forum: Investing - Theory, News & General
Topic: Bernstein on TIPS and T-bills
Replies: 171
Views: 26644

Re: Bernstein on TIPS and T-bills

I read the article, but I still don't know why one would buy a TIPS that matures at age 104. It frequently seems like much of this forum plans to live to that age, or at least strongly weights minimizing the risk of a lifestyle drop then. [SNIP]... These TIPS are marketable. :) If I learn in my 80's or 90's that my chances of hitting my 100's have all but evaporated, I should have no qualms about liquidating the longest dated TIPS in my portfolio. At present though, in my mid-60's, I'm quite healthy and maintain a healthful lifestyle, so I will continue buying the 30-year rungs of my TIPS ladder, perhaps into my early or mid 70's. But you might be liquidating at a steep loss. As SVB Bank recently learned. Comparing the liquidity crisis of ...
by Angst
Fri Mar 24, 2023 6:09 pm
Forum: Investing - Theory, News & General
Topic: Bernstein on TIPS and T-bills
Replies: 171
Views: 26644

Re: Bernstein on TIPS and T-bills

jackholloway wrote: Thu Mar 23, 2023 10:10 pm
Ocean77 wrote: Thu Mar 23, 2023 9:40 pm I read the article, but I still don't know why one would buy a TIPS that matures at age 104.
It frequently seems like much of this forum plans to live to that age, or at least strongly weights minimizing the risk of a lifestyle drop then.

[SNIP]...
These TIPS are marketable. :) If I learn in my 80's or 90's that my chances of hitting my 100's have all but evaporated, I should have no qualms about liquidating the longest dated TIPS in my portfolio. At present though, in my mid-60's, I'm quite healthy and maintain a healthful lifestyle, so I will continue buying the 30-year rungs of my TIPS ladder, perhaps into my early or mid 70's.
by Angst
Fri Mar 17, 2023 11:25 am
Forum: Investing - Theory, News & General
Topic: What is the benefit to the government for issuing inflation-protected securities
Replies: 75
Views: 6957

Re: What is the benefit to the government for issuing inflation-protected securities

+1 to all the posts quoted below. When I saw this thread topic, my thoughts immediately went to the singular usefulness of all the data that a real rate marketplace provides for economists and investors. Additionally to the reasons supposed above, selling TIPS provides a useful market estimate of future inflation. The expected cost to the government is the same as with nominal bonds, just as the expected return to the consumer is the same. They each protect against different risks and are exposed to different risks. I would say the benefit to both is the ability to finance debt as well as debt-diversification in case inflation is higher or lower than expectations. [SNIP]... part of the motivation was that they wanted to create a prediction ...
by Angst
Sun Mar 12, 2023 11:43 pm
Forum: Investing - Theory, News & General
Topic: Why aren't Treasury bill auction reopenings marked as reopenings on the Treasury Auction Schedule?
Replies: 6
Views: 973

Re: Why aren't Treasury bill auction reopenings marked as reopenings on the Treasury Auction Schedule?

I think it may be because it's of no consequence whether it's actually a new-issue "13wk bill" or a reissued "52wk bill" with 13 weeks left on it. It's still a Treasury Bill (with 13 weeks until maturity) so there's no accrued interest whatsoever.
by Angst
Sat Feb 11, 2023 11:20 am
Forum: Investing - Theory, News & General
Topic: Vanguard Site Change - Individual Holdings
Replies: 13
Views: 3471

Re: Vanguard Site Change - Individual Holdings

This has been discussed a lot already. There is a mega-thread on the horrible new interface. The best workaround I've seen so far is to bookmark this link: https://personal.vanguard.com/us/faces/TPView. Once logged in, click it, and you'll see the "old" (and much better) interface. Some actions will stick with the old interface (e.g., buy/sell), but some will use the new interface (e.g, transaction history). Wow! Thanks Kevin :D What a breath of fresh air after putting up with the new site for months. This old view, even with all its little shortcomings, is so much more concise. More information, better ordered, readable... My outside investments acct set up for I and EE Bonds is actually sortable by name again! This might be my ...
by Angst
Wed Feb 01, 2023 10:55 pm
Forum: Investing - Theory, News & General
Topic: Fund ETF Conversion in Employer Accounts
Replies: 5
Views: 847

Re: Fund (BOTSX) ETF Conversion in Employer Accounts

gtwhitegold wrote: Wed Feb 01, 2023 9:37 pm That's what I am tracking as well, but I was curious if there were any odd-ball cases where something else was possible, such as changing the investment into a separately managed account.
I have no experience with that but would guess it would have to be something that the 401k or 403b administrator offered to fund holders, and possibly at the behest of the employer involved.
by Angst
Wed Feb 01, 2023 10:08 am
Forum: Investing - Theory, News & General
Topic: Fund ETF Conversion in Employer Accounts
Replies: 5
Views: 847

Re: Fund (BOTSX) ETF Conversion in Employer Accounts

With Bridgeway likely converting BOTSX - Bridgeway Tax Managed Omni Small Cap Value Fund and DFA, JP Morgan, Fidelity and other companies either already converted funds or are in the process of doing so, how does this work for accounts that are not set up to hold ETFs like certain 401k, 403b, and similar types of accounts? Are they normally liquidated before the conversion or is the fund still held? As more fund managers convert their funds into ETFs, this definitely becomes more of an issue to investors. This is my understanding: Assuming Bridgeway's BOTSX conversion to ETF proxy vote goes for "Yes" on Feb 15th, then on Mar 10th, any shares of BOTSX held in any brokerage anywhere will either be automatically converted to a round...
by Angst
Sat Jan 21, 2023 6:57 pm
Forum: Personal Investments
Topic: Moving monies from outside accounts to my Vang Brokerage account
Replies: 30
Views: 3394

Re: Moving Bridgeway Fund BOTSX to Vanguard for ETF Conversion

Are you saying that Vanguard confirmed they will do this conversion? Vanguard doesn't "do" the mutual fund to ETF conversion itself, it just happens somehow across the board for all holders of BOTSX simultaneously, on February 15th... I think that's when. I did explain the situation to Vanguard when I discussed it on the phone prior to initiating/downloading the account transfer paperwork. What I explained in my post here is exactly what Bridgeway has stated in the proxy documentation as well - we owners of BOTSX had to approve the planned conversion. I've also spoken with Bridgeway on the phone about this. It's supposed to be fairly transparent - one day you hold shares of the mutual fund BOTSX, but the next day BOTSX no longer ...
by Angst
Sat Jan 21, 2023 6:24 pm
Forum: Investing - Theory, News & General
Topic: [Debt ceiling discussion mega-thread]
Replies: 1286
Views: 128350

Re: [Debt ceiling discussion mega-thread]

[Snip...] [Snip...] [Snip...] [Snip...] But this is again really a different subject, systemic banking system risk you perceive from the crypto industry (I won't further digress by giving my opinion on your perception). I'm talking about the subject of this thread, a debt ceiling related technical default on treasuries. In which case it is not IMO correct to immediately look at the effect on the FDIC or NCUA of a technical default on treasuries. Because the Fed would in any plausible scenario lend to banks with a liquidity problem caused by the banks' not getting timely payments on their treasuries, quite likely allowing the very same treasuries held by the banks on which payments were delayed to be used as collateral for those loans. IOW ...
by Angst
Sat Jan 21, 2023 5:51 pm
Forum: Personal Investments
Topic: Moving monies from outside accounts to my Vang Brokerage account
Replies: 30
Views: 3394

Moving Bridgeway Fund BOTSX to Vanguard for ETF Conversion

Moving Bridgeway Fund BOTSX to Vanguard for ETF Conversion I'll be calling Vanguard this Monday, 1/23 regarding the account transfer form I completed and mailed back to them, and which they received 2 weeks ago according to USPS.com delivery tracking. I'm a bit annoyed that I cannot find any indication in my Vanguard account online that they've received my paperwork, let alone have been working on it, but I'll be learning more on Monday. The main reason I'm posting here however is because I'm curious if anyone has gone through a situation similar to mine, as described below: I hold Bridgeway Funds' Omni mutual fund BOTSX directly at Bridgeway. Bridgeway will be converting BOTSX to an ETF (non-taxable event) later in February and their BOTSX...
by Angst
Fri Jan 20, 2023 11:59 am
Forum: Investing - Theory, News & General
Topic: New tool for building a TIPS ladder
Replies: 422
Views: 79548

Re: New tool for building a TIPS ladder

WoodSpinner wrote: Fri Jan 20, 2023 8:24 am I am considering a switch to a TIPs 10 year ladder as an LMP. Used to making a single withdrawal in January from my IRA to fund my expenses for the year. Might need to rethink the strategy a bit.

WoodSpinner
For an LMP going out just 10 years, I think one would actually do alright limiting themself to just January maturities. Maturing 10 year TIPS always exist up to 10 years out from the present year so you can find them maturing every January through 2033. And, because those 20 year TIPS were being sold up to their discontinuation after January 2009, you have those additional January maturities to choose as alternates to the 10 year TIPS, but only through January 2029.
by Angst
Thu Jan 19, 2023 11:09 pm
Forum: Investing - Theory, News & General
Topic: New tool for building a TIPS ladder
Replies: 422
Views: 79548

Re: New tool for building a TIPS ladder

o - Specific maturity months (e.g. January) Covered somewhat already by the “earliest maturity” option ? I think there may be a fair number of folks out there who don't realize how limited is the pool of TIPS available for building ladders with very specific criteria. For example, to have all issues in a ladder mature annually in January would eliminate 5 and 30 year issue TIPS and half of the 10 year TIPS. * The following info will be enlightening to some: • New 30 year TIPS are only originally issued in February (Aug re-opening is still the February maturity) • New 05 year TIPS are only originally issued in April and October • New 10 year TIPS are only originally issued in January and July They all pay interest semi-annually based on the...
by Angst
Sat Jan 14, 2023 10:12 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2022 software offer
Replies: 281
Views: 33344

Re: H&R Block 2022 software offer

Amazon is currently offering H&R Block Deluxe + State for $22.49. Don't imagine that'll last very long... $19.99 (still available) beats that. Just be sure to use the $15 off Promo Code that appears just below the $34.99 price. Use it when you check out at Newegg. Newegg has H&R Block 2022 Deluxe ($10 off) & Deluxe+State ($15 off) on sale for $14.99 ($19.99 respectively) with promo code as of Thursday morning 1-12-2023. I pulled the trigger on Deluxe+State. Total including tax: $21.60 Deluxe+State promo code HRBL23 Download: https://www.newegg.com/h-r-block-2022-deluxe-state-win-tax-software-download/p/N82E16832732169 Deluxe+State promo code HRBL23 Physical key card (shipped to you): https://www.newegg.com/h-r-block-tax-softwar...
by Angst
Fri Jan 13, 2023 3:22 pm
Forum: Investing - Theory, News & General
Topic: New tool for building a TIPS ladder
Replies: 422
Views: 79548

Re: New tool for building a TIPS ladder

Very nice!
Thank you for creating this and for your responsiveness to fine-tuning it and so forth.
by Angst
Thu Jan 12, 2023 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2022 software offer
Replies: 281
Views: 33344

Re: H&R Block 2022 software offer

newegg
:thumbsup :D
by Angst
Wed Jan 11, 2023 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2022 software offer
Replies: 281
Views: 33344

Re: H&R Block 2022 software offer

barelybarefoot wrote: Wed Jan 11, 2023 12:27 am https://www.officedepot.com/a/products/ ... luxe-State

Office Depot has Deluxe+State for $22.45
Thanks for the link, but this morning when I tried it their website was down, and then now that I see it's up again, the price is back up too! Back at $34.99. :(

Pretty much the same thing with the camelcamelcamel link at the bottom of Northster's post. It does imply there is an offer for $22.45, but the rebate doesn't seem to be real. It still appears to me to be actually $34.99

Oh well, I'm still watching...
by Angst
Fri Jan 06, 2023 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2022 software offer
Replies: 281
Views: 33344

Re: H&R Block 2022 software offer

I'm getting a very late start this year, and presently I'm seeing $34.99 pretty much across the board for Deluxe + State. I'll wait into next week, but just wondering if anyone has seen any better pricing this first week of January?
by Angst
Thu Dec 01, 2022 10:41 am
Forum: Investing - Theory, News & General
Topic: Vanguard to Liquidate U.S. Liquidity Factor ETF (VFLQ)
Replies: 18
Views: 2172

Re: Vanguard to Liquidate U.S. Liquidity Factor ETF (VFLQ)

I wonder what this means for my favorite multifactor fund(s). US Multifactor ETF has $132.3 million in assets US minimum volatility ETF has $68.5 million (this could be up for the chopping block next as it's not far off from the liquidity etf) US Value Factor ETF has $683.3 million US momentum factor ETF has $220 million US Qualify factor ETF has $192.9 million RIP - VFLQ is now on the ETF trash heap . I too think Vanguard's Minimum Volatility Fund VFMV would be the next one on the block. Of the remaining Vanguard Factor ETFs, it has both the minimum assets and typically the minimum trading volume. I gather there's a fair number of Bogleheads who hold the Multifactor fund VFMF . I hold the Value VFVA and Momentum VFMO funds
by Angst
Mon Sep 26, 2022 2:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to Liquidate U.S. Liquidity Factor ETF (VFLQ)
Replies: 18
Views: 2172

Re: Vanguard to Liquidate U.S. Liquidity Factor ETF (VFLQ)

jhfenton wrote: Mon Sep 26, 2022 2:29 pm For the first time, Vanguard is liquidating an ETF. When I saw the headline, I could immediately guess which fund it was.

https://corporate.vanguard.com/content/ ... 92622.html
In the U.S., yes it's a first, but in February, 2021 Vanguard eliminated a whole group of factor ETFs they marketed in the UK:
https://www.bogleheads.org/forum/viewtopic.php?t=331084
by Angst
Mon Sep 26, 2022 2:32 pm
Forum: Investing - Theory, News & General
Topic: Last Call for I Bonds? Anyone else planning to move to Tbills in 2023
Replies: 50
Views: 7623

Re: Last Call for I Bonds? Anyone else planning to move to Tbills in 2023

I doubt I'll be a buyer of I Bonds in January, but I'll know more once the new fixed rate is announced in November.
I think I'm more likely in January 2023 to be using my $10,000 annual allotment for the delivery of $10,000 face value of Jan 2022 gift bonds. :D
by Angst
Mon Sep 26, 2022 1:39 pm
Forum: Personal Investments
Topic: Sell EE bonds and buy 20yr treauries
Replies: 30
Views: 4732

Re: Sell EE bonds and buy 20yr treauries

I bought the max ee bonds the last 3 years (90k total) and now see that the 20yr treasury is yielding 3.7%. Should i withdrawal the ee bonds (get only the 0.1% or whatever) and just buy 20 year treasuries instead? I am 42 and was planning on buying max for the next 10+ years so it would be an annuity to allow me to defer ss until 70. Personally, I'd want the available secondary market rates for 19 and 18-yr zero coupon bonds to exceed the respective EE Bond's yield to maturity (YTM) by a steady 40+ basis points before bothering with (i.e. considering) the transactions. We're not there yet... and not saying I'd necessarily exchange them for zeros either. Just one more choice to have to spend time thinking about . Year YTM Yrs left 1 3.53% 2...
by Angst
Mon Sep 26, 2022 1:05 pm
Forum: Investing - Theory, News & General
Topic: Trading Treasuries (nominal and TIPS)
Replies: 4107
Views: 455588

Re: Trading Treasuries (nominal and TIPS)

I just bought a two year T bill at $99.92. I thought rates were over 4.1 percent? Am I missing something here? My six month T bills were at $98.25. Did a flight to safety make this a lousy two year investment? What you bought is not a zero-coupon t-bill, but probably a treasury note. In other words, it has a coupon payment which increases the yield. If you provide the CUSIP number someone can verify that for you. I bought the two year "Treasury Note" today too, and I'm pleased. 4-1/4% coupon, 4.290% yield: https://treasurydirect.gov/instit/annceresult/press/preanre/2022/R_20220926_3.pdf MisterMister - Note this next link as well. Anytime you're considering buying Treasuries at auction it's a great place for information: https://t...
by Angst
Fri Sep 23, 2022 1:05 pm
Forum: Personal Investments
Topic: Sell EE bonds and buy 20yr treauries
Replies: 30
Views: 4732

Re: Sell EE bonds and buy 20yr treauries

I bought the max ee bonds the last 3 years (90k total) and now see that the 20yr treasury is yielding 3.7%. Should i withdrawal the ee bonds (get only the 0.1% or whatever) and just buy 20 year treasuries instead? I am 42 and was planning on buying max for the next 10+ years so it would be an annuity to allow me to defer ss until 70. Personally, I'd want the available secondary market rates for 19 and 18-yr zero coupon bonds to exceed the respective EE Bond's yield to maturity (YTM) by a steady 40+ basis points before bothering with (i.e. considering) the transactions. We're not there yet... and not saying I'd necessarily exchange them for zeros either. Just one more choice to have to spend time thinking about. Year YTM Yrs left 1 3.53% 20...
by Angst
Fri Sep 23, 2022 11:26 am
Forum: Investing - Theory, News & General
Topic: Now that long TIPS yields are 60 bp off their highs I will…
Replies: 2937
Views: 611711

Re: If long TIPS hit a real yield above 2.0% I will…

I've never purchased individual treasuries and have a few questions about how to practically implement a LMP using individual TIPS. Both my spouse and myself are age 42 with plans to retire at age 55. We hold a fixed rate 30 year mortgage well below the EE bond doubling rate-we've covered that nominal liability with our yearly EE purchase. We also max I bonds yearly ($25k). Our projected fixed essential expenses (healthcare premiums, utilities, groceries, transportation, etc) are approximately equal to anticipated combined social security at age 70 of roughly $55k. Additional expenses (travel/restaurants/leisure) will be funded by equity heavy risk portfolio. If we want to set up a LMP for essential expenses to fund the gap between early r...
by Angst
Tue Sep 20, 2022 6:16 pm
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1203364

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

Does anyone here maintain a list of their I Bonds (and EE Bonds) using "Outside investments" at Vanguard? It won't value them for you but in the past I've found it a nice way to view the portfolio. Nice, but only until the new website design was rolled out. If anyone knows something about dealing with it's new shortcomings that I don't, please let me know. Btw, yes I know all about TD's software and #Cruncher's website. This link is to a "how-to" post I made in the Vanguard "Fisher-Price" thread: https://www.bogleheads.org/forum/viewtopic.php?p=6879593#p6879593 Yes, I include the total value of my I Bonds in the "Outside Investments" section at Vanguard. That allows me to have all of my investments l...
by Angst
Tue Sep 20, 2022 2:09 pm
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1203364

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

Does anyone here maintain a list of their I Bonds (and EE Bonds) using "Outside investments" at Vanguard? It won't value them for you but in the past I've found it a nice way to view the portfolio. Nice, but only until the new website design was rolled out. If anyone knows something about dealing with it's new shortcomings that I don't, please let me know. Btw, yes I know all about TD's software and #Cruncher's website.

This link is to a "how-to" post I made in the Vanguard "Fisher-Price" thread:
viewtopic.php?p=6879593#p6879593
by Angst
Tue Sep 20, 2022 1:49 pm
Forum: Personal Consumer Issues
Topic: Vanguard website succumbs to "Fisher-Price" UI design
Replies: 843
Views: 112378

Re: Vanguard website succumbs to "Fisher-Price" UI design

I think the new website problems at Vanguard.com transcend the more commonly mentioned excuses I've read in this thread, including compliance with the Federal ADA, comments like "it's a design trend that many websites are now..." and "it's mostly a matter of being patient and learning the new format". Pre-internet and up through through the launching of the earlier versions of MS IE, I worked in documentation and software training, including CBT and then in original HTML design and website development and I continue to have strong opinions about user interfaces for both hardware and software, and I think Vanguard is an embarrassment. Here's an exercise for folks that nicely demonstrates some of Vanguard's incompetence wi...
by Angst
Tue Sep 20, 2022 8:52 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 5577
Views: 619174

Re: Small Cap Value heads Rejoice !!!

Regarding Bridgeway's BOTSX being converted to ETF As a mutual fund, I think it was only accessible through an advisor. As an ETF, it will be available to everyone? Does that create any capacity problems? Will it be harder to have the strong tilts to size and value if more people have access / more money to invest? Thanks, Dave ETFs are available for purchase by anyone through brokerages, so capacity is something I've wondered about too. I also wonder if BOTSX history will be incorporated into the ETF's stats. As when DFA converted some of its mutual funds to ETFs, this should be a non-taxable event. I suppose I should just go to the DFA website and figure this out for myself, but not right now. :D I do wish Larry would comment on the capac...
by Angst
Sat Sep 17, 2022 11:11 am
Forum: Personal Investments
Topic: Treasury note / bill rates in rising interest rate environment
Replies: 14
Views: 1945

Re: Treasury note / bill rates in rising interest rate environment

I'm looking to save some short term reserves in treasury notes (1, 2, 3, 6 months) soon, by creating treasury ladder, buying in every week. (I already maxing I-bonds, 10K myself + 10K in revocable trust). I'm not timing the market, but there is high likelihood of interest rates rising in the next few Fed meetings until the end of the year, possibly carrying over to early next year. Given this, is there a correlation such as, as interest rates rise, short-term treasury yields rise? I think not (because I know yield curve inversion happen with no correlation to interest rates), but I wanted to still check. Regardless of whether such correlation exists or not, does it make sense to buy into treasury ladder every week (1, 2, 3, 6 months), or w...
by Angst
Sat Sep 17, 2022 10:43 am
Forum: Personal Investments
Topic: Purpose of bond allocation (do I need I bond/TIPS)
Replies: 16
Views: 1902

Re: Purpose of bond allocation (do I need I bond/TIPS)

Is the goal of bond allocation just to keep up with inflation or is it supposed to provide a slightly higher return? Can someone help me understand what is the purpose of bond allocation and how I bond and TIPS fit? In general, the purpose of a bond allocation is to preserve your capital. As Jason Zweig said, "Bonds aren’t meant to make you rich; they keep you from becoming poor while paying you some income along the way." I disagree. The purpose of bond allocation is to produce predictable income in the future. That's why the asset class is typically called "fixed income". If the goal is literally "preserve your capital" then cash would be the instrument that does that best. From my standpoint, it's not neces...
by Angst
Sat Aug 27, 2022 10:45 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 5577
Views: 619174

Re: Small Cap Value heads Rejoice !!!

donaldfair71 wrote: Sat Aug 27, 2022 10:28 am Larry Swedroe said on Twitter last night that Bridgeway’s tax-managed small value fund (BOTSX) will convert from Mutual Fund to ETF some time next year.
I own BOTSX but hadn't heard that, so thanks for the heads up.
It's good news for SCV investors.
by Angst
Fri Aug 26, 2022 10:38 am
Forum: Investing - Theory, News & General
Topic: Viewing Treasury Bills-Notes-Bonds w/ new Vanguard "Holdings" Webpage
Replies: 11
Views: 973

Re: Viewing Treasury Bills-Notes-Bonds w/ new Vanguard "Holdings" Webpage

CP4641 wrote: Fri Aug 26, 2022 10:14 am Hi, You may find what you need by selecting "More account information" and then "Bond and CD cash flows".
Hey thanks! Something in the new "Holdings" page that I actually consider an improvement! I used to have to click away from the Balances and Holdings page multiple steps to finally get to that report.
by Angst
Fri Aug 26, 2022 10:31 am
Forum: Investing - Theory, News & General
Topic: Viewing Treasury Bills-Notes-Bonds w/ new Vanguard "Holdings" Webpage
Replies: 11
Views: 973

Re: Viewing Treasury Bills-Notes-Bonds w/ new Vanguard "Holdings" Webpage

jebmke wrote: Fri Aug 26, 2022 10:16 am When I look at Balances and Holdings from the drop down, I get this on the rhs [this is for the MF account, the brokerage account looks the same]. If I go to the overview I get a larger font and clicking to a specific account, it is different -- uses "transact". That's why I stick with B & H. More lines per page. I'm using Brave browser; I suppose they could use a different UI for different browsers - who knows.
Once again, your time is coming! Enjoy the old "Balances and Holdings" page while you still have it.
by Angst
Fri Aug 26, 2022 9:54 am
Forum: Investing - Theory, News & General
Topic: Viewing Treasury Bills-Notes-Bonds w/ new Vanguard "Holdings" Webpage
Replies: 11
Views: 973

Re: Viewing Treasury Bills-Notes-Bonds w/ new Vanguard "Holdings" Webpage

Enjoy the familiarity jebmke while you still have it, but it's just a matter of time of course, they're presumably rolling us into it by groups. I gather a good chunk of us got rolled into the new format yesterday.
by Angst
Fri Aug 26, 2022 9:44 am
Forum: Investing - Theory, News & General
Topic: Viewing Treasury Bills-Notes-Bonds w/ new Vanguard "Holdings" Webpage
Replies: 11
Views: 973

Viewing Treasury Bills-Notes-Bonds w/ new Vanguard "Holdings" Webpage

[Preemptive note to LG: Please do not move this into the chaos of a Vanguard Mega thread] Given the new Vanguard website changes (which I was automatically pushed into yesterday, like others apparently were): How are you viewing your Vanguard holdings of US Treasury Bills-Notes-Bonds? I used to look at the "Balances and Holdings" page which now just takes you to the new "Holdings" page. All of the following links take me to this same, new report: https://holdings.web.vanguard.com/ https://personal.vanguard.com/us/TPView https://personal.vanguard.com/us/myaccounts/balancesholdings The big problem with Treasury holdings in this new (and worsened) report is that it no longer sorts by CUSIP. CUSIP sorting was never particula...
by Angst
Tue Jun 14, 2022 7:14 pm
Forum: Investing - Theory, News & General
Topic: Trading Treasuries (nominal and TIPS)
Replies: 4107
Views: 455588

Re: Simplified Vanguard interface

Today I entered an order at Vanguard for 50 Treasury bills maturing in about 1 month. Shortly after placing the order, the order status said "Accepted". I expect to see Open or Executed, so I don't know what Accepted means. Later this order was "Rejected", so I decided it would be an opportunity to place the order using the simplified Vanguard interface, so I could share it here . [Snip...] Thanks for the tutorial Kevin. I have never even looked at the new method before and am quite comfortable with the old style but might give it a try next time. Do you have a preference? I do have a couple more questions, mostly out of curiosity than anything else: Do Treasury Notes ever show up when you're pulling up these lists that...