Search found 771 matches

by gasman
Tue Aug 04, 2020 1:06 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on bonds from Fed decision...
Replies: 48
Views: 2571

Re: Thoughts on bonds from Fed decision...

Hector wrote:
Tue Aug 04, 2020 1:02 pm
I think we have no choice, but to take more risk by increasing bond duration and/or reducing bond quality and/or increasing equity portion of portfolio eventually.
Or expect less from one's portfolio or delay retirement. :(
by gasman
Sat Jul 25, 2020 11:03 am
Forum: Investing - Theory, News & General
Topic: Financial Times article on Jim Chanos, renowned short: "We are in the golden age of fraud"
Replies: 27
Views: 1833

Re: Financial Times article on Jim Chanos, renowned short: "We are in the golden age of fraud"

Articulate writers (and speakers) who make a well reasoned and thoughtful argument often cause people to reevaluate their investment philosophy and discipline.
by gasman
Sat Jul 18, 2020 5:42 pm
Forum: Investing - Theory, News & General
Topic: 0.00% Yield on the Vanguard Short-Term Treasury Fund
Replies: 196
Views: 13417

Re: 0.00% Yield on the Vanguard Short-Term Treasury Fund

Here is where things are, folks. The Vanguard Short-Term Treasury Fund Investor Shares (VFISX) had a 30-day SEC yield of 0.00% as of 7/16/20. A security's income, for the purposes of this calculation, is based on the current market yield to maturity (for bonds) or projected dividend yield (for stoc...
by gasman
Tue Jul 07, 2020 8:06 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 477
Views: 61469

Re: What lifestyle creep made you happier?

Better quality food and wine Household help cleaning and yard work outsourced staying at nicer hotels when traveling international travel flying business class for longer flights covering my kids private school all the way through college good cooking equipment top quality mattress having FU money i...
by gasman
Sat Jul 04, 2020 4:08 pm
Forum: Investing - Theory, News & General
Topic: Have Bogleheads soured on TIPS due to performance or structure?
Replies: 41
Views: 2545

Re: Have Bogleheads soured on TIPS due to performance or structure?

I think of TIPs underperformance to nominal Treasurys as an insurance policy that I haven't collected on. I don't mind this. Same way I am glad that I haven't collected on my disability insurance or my wife on my Life Insurance policy.
by gasman
Sat Jul 04, 2020 3:43 pm
Forum: Investing - Theory, News & General
Topic: A Must Listen! Dr. Burton Malkiel is my guest on the "Bogleheads on Investing" podcast.
Replies: 94
Views: 8564

Re: A Must Listen! Dr. Burton Malkiel is my guest on the "Bogleheads on Investing" podcast.

Just finished listening, thank you for creating and sharing this excellent podcast. I'm curious to hear what others think about the EMQQ fund mentioned by Malkiel at the end. A quick search on the forums turns up a couple threads from years ago where the opinions voiced were not too favorable. The ...
by gasman
Sat Jul 04, 2020 3:36 pm
Forum: Investing - Theory, News & General
Topic: Is investment a competition?
Replies: 43
Views: 2419

Re: Is investment a competition?

Yes it is. If everyone saved well and invested wisely it would make it harder because there is a finite amount of goods and services. The more poor savers and unwise investors there are the better it is for the minority who actually are. written by the good Dr. Bernstein in 2003: http://www.efficien...
by gasman
Sat Jul 04, 2020 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 151
Views: 10268

Re: Manager vs. Direct report salary issues

Physicians routinely answer to administrators who make FAR less than they do.
by gasman
Fri Jul 03, 2020 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: considering paying cash for house- What would you do?
Replies: 54
Views: 3711

Re: considering paying cash for house- What would you do?

Pay cash. You will save the appraisal fees and all the additional fees that the lender tacks on. I would guess that total savings will be about $1,500. You can take a home equity line of credit or cash out refi in the future if needed.
by gasman
Thu Jul 02, 2020 4:22 pm
Forum: Personal Investments
Topic: Allan Roth: Muni bond default risk
Replies: 33
Views: 2210

Re: Allan Roth: Muni bond default risk

At the risk of this thread being locked, he is stating that municipal finances are a mess and that Municipal Bonds, even very highly rated bonds may not be the safe haven that they have been. There have been liquidity shocks to the muni market in the last decade. Most notably in mid March and a dec...
by gasman
Thu Jul 02, 2020 3:52 pm
Forum: Personal Investments
Topic: Allan Roth: Muni bond default risk
Replies: 33
Views: 2210

Re: Allan Roth: Muni bond default risk

At the risk of this thread being locked, he is stating that municipal finances are a mess and that Municipal Bonds, even very highly rated bonds may not be the safe haven that they have been. There have been liquidity shocks to the muni market in the last decade. Most notably in mid March and a deca...
by gasman
Wed Jul 01, 2020 8:59 pm
Forum: Personal Investments
Topic: SPAXX about to go negative [what are good cash funds?]
Replies: 12
Views: 1539

Re: SPAXX about to go negative [what are good cash funds?]

Tomorrow 4 week T Bill auction. Should yield about 0.12%. 100K for 4weeks should yield about $10. Pre-tax.
by gasman
Tue Jun 30, 2020 4:57 pm
Forum: Personal Consumer Issues
Topic: At what point can you justify a $10k+ flight?
Replies: 75
Views: 4632

Re: At what point can you justify a $10k+ flight?

If you are tall or wide the appeal of business class changes radically.
by gasman
Thu Jun 04, 2020 12:54 pm
Forum: Personal Investments
Topic: G.O. Bonds / Funds
Replies: 8
Views: 480

Re: G.O. Bonds / Funds

[/quote] I know Larry Swedroe - the advisory firm he is associated with - make a lot of effort to only put clients into the lowest risk municipal bonds. I was trying to make an appropriate Patrick O'Brien joke, but find myself unable to ;-). Something about setting sail for uncharted waters. [/quote...
by gasman
Fri May 22, 2020 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance question
Replies: 4
Views: 381

Auto Insurance question

Adult child who lives out of state and maintains and will continue to maintain apartment out of state. Out of state driver's license. Doesn't own a vehicle. Has moved back for several months due to Corona virus concerns. Expect her to stay till fall maybe longer. We occasionally let her use our vehi...
by gasman
Mon May 18, 2020 9:10 am
Forum: Personal Investments
Topic: Moving from Treasuries to CDs
Replies: 19
Views: 1221

Re: Moving from Treasuries to CDs

Liquidity. Interest on Treasurys is state tax free. Interest on CDs is not. Be mindful of FDIC limits.

All that I can think of.
by gasman
Fri May 15, 2020 9:20 pm
Forum: Investing - Theory, News & General
Topic: TIPS Yield Curve & Changing Inflation Expectations
Replies: 61
Views: 5092

Re: TIPS Yield Curve & Changing Inflation Expectations

#cruncher,

Thanks for the work. For those of us sitting on a pile of cash, What are your thoughts on deploying Short TIPS fund vs short treasury vs best online CDs vs short treasury vs fund AT THIS TIME?
by gasman
Sat May 09, 2020 8:14 am
Forum: Investing - Theory, News & General
Topic: Why are the yields on brokered CDs so much less than those available directly
Replies: 14
Views: 1353

Why are the yields on brokered CDs so much less than those available directly

The title says it all. Would like to keep the number of open accounts as small as possible. Just curious why the yields on brokered CDs are so much lower than those available directly from banks and credit unions.
by gasman
Thu May 07, 2020 8:19 pm
Forum: Investing - Theory, News & General
Topic: Finding Bond muni covenants non profit hospital
Replies: 4
Views: 213

Re: Finding Bond muni covenants non profit hospital

I am an employed physician of a non-profit healthcare system that is in danger of having its bond rating downgraded to junk. They have issued lots of municipal bonds. Is there a way to find out what specifically the bond covenants would require would this to happen? Willing to pay a fee. Even willi...
by gasman
Thu May 07, 2020 7:39 pm
Forum: Investing - Theory, News & General
Topic: Finding Bond muni covenants non profit hospital
Replies: 4
Views: 213

Finding Bond muni covenants non profit hospital

I am an employed physician of a non-profit healthcare system that is in danger of having its bond rating downgraded to junk. They have issued lots of municipal bonds. Is there a way to find out what specifically the bond covenants would require would this to happen? Willing to pay a fee. Even willin...
by gasman
Sat Apr 25, 2020 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Tax return lost in mail (during weird pandemic times...)
Replies: 20
Views: 1427

Re: Tax return lost in mail (during weird pandemic times...)

They also may be devoting resources to the processing of stimulus payments that would otherwise go to processing returns.
by gasman
Fri Apr 24, 2020 7:15 am
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10244

Re: physician/APC pay cuts

whodidntante wrote:
Thu Apr 23, 2020 8:27 pm
Is it normal for healthcare workers to have this much distrust in the leaders of the organization they work for?
Absolutely yes.
by gasman
Thu Apr 23, 2020 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10244

Re: physician/APC pay cuts

Most other industries are taking pay cuts that they have no say in, so why shouldn't Physicians also take pay cuts? As long as the admins and executives in your organization are taking the same cuts. Many of us are contracted employees and our contracted pay is based on availability, not productivi...
by gasman
Sat Apr 18, 2020 7:17 pm
Forum: Personal Consumer Issues
Topic: Should I give blood now?
Replies: 23
Views: 1476

Re: Should I give blood now?

the risk of donating is very likely less than the risk of going to the grocery store.
Low but not zero.
by gasman
Sun Apr 05, 2020 9:24 am
Forum: Personal Investments
Topic: Any high bracket investors dumping munis?
Replies: 127
Views: 9553

Re: Any high bracket investors dumping munis?

I’ve dumped the munis. Reward not worth the risk for me at this time. Can always buy back when conditions improve. It not like stocks where you can miss a 25% rally next month. Why? I like to take risk on the stock side. Reward too little for the risk given what’s happening, Market falling apart. I...
by gasman
Sat Apr 04, 2020 10:12 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein: “Split your taxable accounts among municipal, treasury, and corporate bonds.”
Replies: 30
Views: 5950

Re: William Bernstein: “Split your taxable accounts among municipal, treasury, and corporate bonds.”

Hi all. I’m re-reading some of my favorite investment books. Among them is “ The Four Pillars of Investing ” by William Bernstein. I would like your comments on the below excerpt. Is this still prudent advice on how to diversify bonds in a taxable account? Published in 2002, Bernstein says: “If you...
by gasman
Sun Mar 29, 2020 8:57 am
Forum: Personal Investments
Topic: Any high bracket investors dumping munis?
Replies: 127
Views: 9553

Re: Any high bracket investors dumping munis?

I significantly reduced my muni holdings this past week. Decided that I want the safe portion of my portfolio to be very safe. Sitting in Treasury money market for now. I am leaning the same way right now. Why not FDIC online savings? I am getting 1.7% at Amex right now? No reason at all. will prob...
by gasman
Sun Mar 29, 2020 8:44 am
Forum: Personal Investments
Topic: Any high bracket investors dumping munis?
Replies: 127
Views: 9553

Re: Any high bracket investors dumping munis?

I significantly reduced my muni holdings this past week. Decided that I want the safe portion of my portfolio to be very safe. Sitting in Treasury money market for now.
by gasman
Wed Mar 25, 2020 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Getting rid of a defaulted bond in a trust
Replies: 6
Views: 333

Re: Getting rid of a defaulted bond in a trust

what about distributing all assets except the bond to the trustees and pretend the account no longer exists. I suspect that the brokerage will eventually close it maybe try to collect some type of fee, but by then the estate will have settled.
by gasman
Sun Mar 22, 2020 9:26 am
Forum: Personal Investments
Topic: Muni versus Treasury Question
Replies: 25
Views: 1214

Re: Muni versus Treasury Question

Hello, I know it’s kind of like apples to oranges, but I’m am rethinking my bond holdings in my taxable account. I am currently 50/50: ITOT - SP500 EDV - Long Treasuries VTEB - Intermediate Tax Exempt NYF - New York Muni I’m thinking about dumping the muni funds and just going with short, intermedi...
by gasman
Fri Mar 20, 2020 10:19 am
Forum: Investing - Theory, News & General
Topic: Munis getting slaughtered!
Replies: 194
Views: 18628

Re: Munis getting slaughtered!

justsomeguy2018 wrote:
Fri Mar 20, 2020 10:07 am
This raises a question - how is the govt going to bail out everyone? The bond market, airlines, travel, the low-income consumer, small business - what is the end result going to be of all this?
Don't forget hospital systems. Many were just treading water before the corona virus crisis.
by gasman
Wed Mar 18, 2020 10:02 pm
Forum: Investing - Theory, News & General
Topic: Treasury Auction Tomorrow Morning: 3/19/20
Replies: 20
Views: 1884

Re: Treasury Auction Tomorrow Morning: 3/19/20

That's what I thought. :beer Have an order in for tomorrow's auction.
by gasman
Fri Mar 13, 2020 10:43 am
Forum: Personal Investments
Topic: TLH past a certain level of losses
Replies: 8
Views: 496

Re: TLH past a certain level of losses

Nope. Carry forward forever.
by gasman
Wed Mar 11, 2020 9:17 pm
Forum: Investing - Theory, News & General
Topic: Short term bonds
Replies: 3
Views: 515

Re: Short term bonds

Decreased economic activity means companies might have trouble making their debt payments.
by gasman
Wed Mar 11, 2020 8:11 pm
Forum: Personal Investments
Topic: VNYTX. Unprecedented
Replies: 22
Views: 2272

Re: VNYTX. Unprecedented

Muni bonds may be dropping because it is anticipated that economic activity will drop off thus depressing municipal revenues... Thus making the the Bonds less credit worthy.
by gasman
Wed Mar 11, 2020 8:24 am
Forum: Personal Consumer Issues
Topic: Coronavirus Movie Suggestions
Replies: 104
Views: 7174

Re: Coronavirus Movie Suggestions

I am Legend
by gasman
Tue Mar 10, 2020 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Airfare and corona virus
Replies: 21
Views: 2121

Re: Airfare and corona virus

Does anyone know if the newly instituted more liberal cancellation/change policies include ticket paid for with miles or Basic Economy?
by gasman
Fri Mar 06, 2020 7:37 am
Forum: Personal Investments
Topic: Selling Treasuries
Replies: 6
Views: 581

Re: Selling Treasuries

If you are at all worried about your pension being defaulted upon, and your holdings are in a tax protected account, consider selling the long term nominal Treasurys and replace them with long term TIPs.
by gasman
Tue Mar 03, 2020 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Making public vs. private high school decision
Replies: 59
Views: 3497

Re: Making public vs. private high school decision

You have 27x expenses saved in your 40s. The $120K is small potatoes compared to the impact of these formative years on the person your daughter will be. I would choose the one that I felt was better for my daughter.
by gasman
Mon Feb 24, 2020 2:16 pm
Forum: Personal Consumer Issues
Topic: Do you ever use cash?
Replies: 228
Views: 13819

Re: Do you ever use cash?

purchases at small local businesses.
by gasman
Fri Feb 21, 2020 3:49 pm
Forum: Investing - Theory, News & General
Topic: Gold and long-term treasuries are highly correlated recently
Replies: 35
Views: 2536

Re: Gold and long-term treasuries are highly correlated recently

They are both "fear" assets. There seems to be a little more than usual. Coronavirus, Presidential Politics, Australia on fire, stretched equity valuations, etc., etc.
by gasman
Sun Feb 02, 2020 1:31 pm
Forum: Investing - Theory, News & General
Topic: Badger1754 goes to a state pension fund dinner
Replies: 19
Views: 1528

Re: Badger1754 goes to a state pension fund dinner

Did you really type all that based on what you remember from the meeting? Yes. It was an informative meeting, and as I mentioned, most of this wasn't "new news". Mostly the anecdotes/comments I found interesting. Was there a consensus of opinion on who gets defaulted on? Pensioners, taxpayers, bond...
by gasman
Tue Dec 03, 2019 8:57 pm
Forum: Investing - Theory, News & General
Topic: Free trading, but often a catch: NYT
Replies: 25
Views: 3114

Re: Free trading, but often a catch: NYT

I have a Schwab 401k brokerage window with my employer. It offers "free" trades. The sweep account pays about 0.5%... well below many MM rates.
Seems like the catch.
by gasman
Sat Nov 23, 2019 8:47 am
Forum: Investing - Theory, News & General
Topic: [WSJ Article (later refuted) - Ray Dalio bets on a bear market]
Replies: 54
Views: 5961

Re: [WSJ Article (later refuted) - Ray Dalio bets on a bear market]

How about calling this particular investment "insurance" or a hedge. No different than any other forms of personal insurance. Still sounds like he is net long.
by gasman
Sat Nov 16, 2019 11:09 am
Forum: Personal Consumer Issues
Topic: Best thing you have ever bought?
Replies: 151
Views: 14335

Re: Best thing you have ever bought?

labrador puppy
by gasman
Tue Nov 05, 2019 9:14 pm
Forum: Personal Consumer Issues
Topic: Can you ever find decent flight deals during peak seasons (Christmas, Spring Break, etc.)?
Replies: 10
Views: 1099

Re: Can you ever find decent flight deals during peak seasons (Christmas, Spring Break, etc.)?

I have flown Christmas day and Easter Sunday. Prices were good and airports had very light crowds. Other than that no deals to be had.
by gasman
Mon Nov 04, 2019 7:58 pm
Forum: Personal Consumer Issues
Topic: Transporting elderly parent state-to-state
Replies: 47
Views: 3694

Re: Transporting elderly parent state-to-state

https://flyingnursesintl.net The above is one of several companies that do this. Used once. Worked great. Way cheaper than air ambulance. Thank you for the link. Looks interesting. May I ask the age/condition of the patient, and the length of the flight? Late 70s. Recent stroke. The RN placed a bla...