Search found 160 matches

by likashing
Fri Jun 28, 2019 5:56 pm
Forum: Investing - Theory, News & General
Topic: 10 Year Treasury Under 2%
Replies: 45
Views: 5819

Re: 10 Year Treasury Under 2%

Kevin, I have so much IRA CD maturing lately and soon. What have you been doing in the current environment, if you don't mind sharing? The brokered CDs do not look as attractive as last year. Thanks in advance! Right, brokered CD yields have dropped a lot just in the last few weeks. It depends on t...
by likashing
Fri Jun 28, 2019 5:31 am
Forum: Investing - Theory, News & General
Topic: 10 Year Treasury Under 2%
Replies: 45
Views: 5819

Re: 10 Year Treasury Under 2%

10 yr minus 3 month has been negative for over a month now. What does that indicate? I'm not gonna speculate... It seems to indicate the market is expecting a rate cut. The drop in the short-term Treasury yields indicates market's expectation of a cut in the fed funds rate (FFR). We've seen how clo...
by likashing
Tue Apr 23, 2019 4:09 pm
Forum: Personal Consumer Issues
Topic: Who is buying 1-3 year old used Toyotas and Hondas?
Replies: 114
Views: 12960

Re: Who is buying 1-3 year old used Toyotas and Hondas?

My theory is: 1) people buying 1-3 year old Toyotas and Hondas from dealerships are being ripped off. 2) new car dealers make more money from used cars than new cars - especially new Toyota/Honda vs 1-3 yo Toyota/Honda Many people buying 1-3 year old Toyota/Honda do not even consider new because: 1)...
by likashing
Wed Mar 20, 2019 1:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market yield over 2.5%
Replies: 232
Views: 52128

Re: Vanguard Prime Money Market yield over 2.5%

Any MM fund in Fidelity with comparable yield to Vanguard Prime?
by likashing
Mon Mar 11, 2019 5:56 pm
Forum: Personal Consumer Issues
Topic: 5 days in Hong Kong - Seeking travel tips
Replies: 23
Views: 1955

Re: 5 days in Hong Kong - Seeking travel tips

Most restaurants take credit cards - Visa or Master. Amex is hit or miss and don't bother with Discover. Local eateries and street food is 100% cash. ATMs are everywhere (literally every 100 steps) including HSBC, Hang Seng, Bank of China, Citi, etc etc. You can use any one of them. If you really ca...
by likashing
Mon Feb 04, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: CA homes and new SALT limits
Replies: 48
Views: 5905

Re: CA homes and new SALT limits

yes, SALT is capped at 10k now, but the AMT threshold also increased to 500k/1M (single/married). in the previous law, if you're able to pay so much in SALT (more than the new 24k standard deduction), it also likely means you're paying extra taxes via AMT; not so anymore. for the most part everyone...
by likashing
Mon Feb 04, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: CA homes and new SALT limits
Replies: 48
Views: 5905

Re: CA homes and new SALT limits

Depends on where you are in CA. If you are in the SF Bay Area, having the income to afford those million dollar houses, you probably have been in AMT already. For those in AMT, property tax has pretty much been un-deductible since even before the 2018 new tax plan.
by likashing
Wed Jan 30, 2019 4:21 pm
Forum: Investing - Theory, News & General
Topic: TIPS yield curve inverted at short end
Replies: 164
Views: 14772

Re: TIPS yield curve inverted at short end

Not quite. The seasonal adjustment doesn't become smaller for longer term TIPS. Rather, its effect on yield becomes smaller -- for the same reason that an additional $1 in ten years causes a smaller increase in annual return than would $1 in one year. Thanks. You are right that the "effect" on the ...
by likashing
Mon Jan 28, 2019 3:57 pm
Forum: Investing - Theory, News & General
Topic: TIPS yield curve inverted at short end
Replies: 164
Views: 14772

Re: TIPS yield curve inverted at short end

Reading through the thread and have 2 questions... 1) The quoted "yield" i.e. ~1.4% for Jan/20 and Apr/20 maturing issues, is the real yield (without inflation) not nominal (w/ inflation), correct? 2) I understand about the seasonal adjustment, but don't get all the details on how to *calculate* the...
by likashing
Fri Jan 18, 2019 4:29 pm
Forum: Investing - Theory, News & General
Topic: TIPS yield curve inverted at short end
Replies: 164
Views: 14772

Re: TIPS yield curve inverted at short end

I've just noticed the Vanguard short-term TIPS now has a 30-day SEC yield of 1.51%... came here to find more info and unsurprisingly, you guys have been talking about it for a month. :D http://i63.tinypic.com/2u4lzr9.jpg What does "effective yield" in Fidelity mean for this TIPS maturing in April? D...
by likashing
Fri Jan 11, 2019 5:20 pm
Forum: Personal Investments
Topic: CD at 2.70 APR - 1, 2 or 3 years?
Replies: 20
Views: 3047

Re: CD at 2.70 APR - 1, 2 or 3 years?

I am continuing to hold my intermediate-term bond funds and CDs for now, which hedges the reinvestment risk somewhat. Which bond fund do you use Kevin? I have some IRA CD maturing and will re-invest some in bond fund. I also want to avoid mortgage backed bonds in TBM. I am not Kevin. I use Vanguard...
by likashing
Fri Jan 11, 2019 2:46 pm
Forum: Personal Investments
Topic: CD at 2.70 APR - 1, 2 or 3 years?
Replies: 20
Views: 3047

Re: CD at 2.70 APR - 1, 2 or 3 years?

Kevin M wrote:
Thu Jan 10, 2019 11:29 pm
I am continuing to hold my intermediate-term bond funds and CDs for now, which hedges the reinvestment risk somewhat.
Which bond fund do you use Kevin? I have some IRA CD maturing and will re-invest some in bond fund. I also want to avoid mortgage backed bonds in TBM.
by likashing
Wed Oct 17, 2018 6:13 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Yes, CD/bond market hours are until 5. I learned this after my CD purchase. I was actually surprised when I noticed the time...almost as surprised as I was a to see a 4 month CD with YTM of 3.15% :) . After re-reading the email, that listed conditions for trading without settled funds, it seems the...
by likashing
Tue Oct 16, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

... in any case. So, I certainly have no intention to ever sell CDs in order to rebalance into stocks (or for any purpose). Any purpose? Don't disagree with the CD price aspects, but would you sell Treasuries that were up 10% to buy corporates that were down 10%. That's a 20% freebee. If it happens...
by likashing
Tue Oct 16, 2018 3:48 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

My issue is not with the yield difference but with the Treasury price increase (think capital gain) in a "flight to quality" situation like the fall of '08. Right, and I understand that way of looking at it. While I would assume CDs would not decline in that scenario since interest rates would fall...
by likashing
Wed Oct 10, 2018 5:17 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

For taxable it is true. I don't hold brokered CDs in taxable either. I just got some Wellsfargo CD in secondary market for ~3.13% which is maturing in ~2.6 years, in tax-advantaged accounts, of course. As a Boglehead, ~20 basis points are quite a bit to me. Was it CUSIP 949763GQ3, by chance? That's...
by likashing
Wed Oct 10, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

That's why we look at SEC yields. Also, if you look at FDIC CDs current yield vs current treasury yield, CD will still beat it for the same terms. There are reasons discussed by Kevin which I am not going to re-iterate here. So there, it is likely the next 2-3 years a CD portfolio of the same term,...
by likashing
Wed Oct 10, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Doc wrote:
Wed Oct 10, 2018 11:41 am
I'm not very familiar with brokered CDs
Maybe you can read this thread and understand before commenting whether brokered CDs are better or worse than bond funds?

It is obvious you like keeping your bond funds which is totally fine.
by likashing
Wed Oct 10, 2018 11:19 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Vanguard short-term bond admiral index's SEC yield is 2.98%, and Vanguard short-term treasury admiral's SEC yield is only 2.72%. Both have negative return YTD with and short term bond has 40% of its holdings in 3-5 years. This means if one has CDs vs these bond funds you have already been out-perfo...
by likashing
Tue Oct 09, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Personally, I prefer MMF and ST bonds and am willing to accept their lower initial yields. Vanguard short-term bond admiral index's SEC yield is 2.98%, and Vanguard short-term treasury admiral's SEC yield is only 2.72%. Both have negative return YTD with and short term bond has 40% of its holdings ...
by likashing
Wed Sep 12, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 19620

Re: Bay Area housing frenzy cooling

I've been in the market in the Bay Area for the last 9 months. I've noticed a slow down as well. Hoping there will be a sweet spot soon where houses decline somewhat but interest rates haven't increased to make it a wash. Why would you want to buy a house that is dropping in value? Sure it is bette...
by likashing
Sun Sep 09, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 19620

Re: Bay Area housing frenzy cooling

We have personal experience that buyers have not realized the tide is turning yet. Guys, wisen up! As buyers, we don’t need to be killing each other anymore for these houses. Stop overpaying. If Bay Area house price drops 20% from now, people who bought pre-2017 are still ahead/not lost any money. ...
by likashing
Wed Aug 29, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 23733

Re: Decent compensation to move to Bay Area CA?

Last I checked, all the cities that people try to move to for work, to live, have extraordinarily expensive real estates, and is hard to make ends meet. Bay Area, New York, Syndney, Vancouver, Toronto, London, Hong Kong, and Singapore. You can't pick a random city with LOCL and try to make an argume...
by likashing
Thu Aug 23, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 23733

Re: Decent compensation to move to Bay Area CA?

A house of the size you’re looking for will run you $1.5M in most areas. Can you afford that? If you start considering houses that size with "good" schools... it gets to $2m+ quickly For "great" schools, it will get to $2.5-$3m+ at least... Could you provide names of 'good' and 'great' schools? Wan...
by likashing
Thu Aug 23, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 23733

Re: Decent compensation to move to Bay Area CA?

HEDGEFUNDIE wrote:
Thu Aug 23, 2018 5:42 pm
A house of the size you’re looking for will run you $1.5M in most areas. Can you afford that?
If you start considering houses that size with "good" schools... it gets to $2m+ quickly

For "great" schools, it will get to $2.5-$3m+ at least...
by likashing
Sat Aug 11, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to stay in HCOL area?
Replies: 92
Views: 10883

Re: Can we afford to stay in HCOL area?

So, how much can we afford in the Bay Area and still remain somewhat comfortable? I'll define comfortable as affording 1 kid, newer SFH, home upkeep, 2-3 international trips/year, college and graduate savings for private school. I do expect our income to rise here. The answer will tell us if we can...
by likashing
Sat Aug 11, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

I'd refine my answer a bit to say that if you buy at a premium, perhaps do a bit more due diligence regarding the bank's financial health. In my case, I didn't do that, and bought a CD issued by a bank that was obviously at risk. +1. And I should say that I always buy the lowest priced CD all other...
by likashing
Sat Aug 11, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to stay in HCOL area?
Replies: 92
Views: 10883

Re: Can we afford to stay in HCOL area?

Bay Area and believes we can afford it despite the expected cost of childcare at 36-48,000/year . So, how much can we afford in the Bay Area and still remain somewhat comfortable? I'll define comfortable as affording 1 kid, newer SFH , home upkeep, 2-3 international trips/year, college and graduate...
by likashing
Fri Aug 10, 2018 10:27 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Accidentally bought a 01/06/2021 maturity @ 105.042 for 3.025978% effective yield. So it matures in 2.4 years. I read that FDIC only covers up to par. It is Transportation Alliance Bank. Deposit accounts show B+... Safe and Sound shows 5 Do you guys avoid buying above par? https://www.depositaccount...
by likashing
Wed Aug 08, 2018 1:17 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

I understand the ease of brokered cds and they are often within 20 basis points of the broader cd market but in the current market, I think it pays to purchase outside of fidelity, vanguard and schwab. Do you mean direct CDs? I believe it depends on how much you need to deploy and how much trouble ...
by likashing
Wed Aug 08, 2018 10:49 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Sallie Mae has a bunch of 08/09/2021 maturity at 3.11% after fee on Fidelity - 795450U60 Unless I am misunderstanding something, it's 3.115% before the commission? The order page shows this: http://i.imgur.com/ZMziVuZ.png My understanding is that Fidelity quotes ignore the commission. So I think th...
by likashing
Wed Aug 08, 2018 1:17 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Sallie Mae has a bunch of 08/09/2021 maturity at 3.11% after fee on Fidelity - 795450U60 Out of curiosity I have just looked for the same CD on Schwab, and it is not available. In addition, best new issue on Schwab for 2/3yr is 2.80/3.00. On Fidelity it is 2.85/3.05. On Vanguard, 795450U60 is avail...
by likashing
Tue Aug 07, 2018 3:43 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Sallie Mae has a bunch of 08/09/2021 maturity at 3.11% after fee on Fidelity - 795450U60 Out of curiosity I have just looked for the same CD on Schwab, and it is not available. In addition, best new issue on Schwab for 2/3yr is 2.80/3.00. On Fidelity it is 2.85/3.05. On Vanguard, 795450U60 is avail...
by likashing
Tue Aug 07, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Sallie Mae has a bunch of 08/09/2021 maturity at 3.11% after fee on Fidelity - 795450U60
by likashing
Fri Aug 03, 2018 6:10 pm
Forum: Personal Consumer Issues
Topic: Gated communities pros and cons? (Atlanta or anywhere.)
Replies: 67
Views: 4956

Re: Gated communities pros and cons? (Atlanta or anywhere.)

A lot of people mention HOA. I also have been against the HOA for the last 20 years. However, with the popularity of Airbnb the last couple of years, I would really appreciate a small fee HOA which can have bylaws to not let residents Airbnb their houses to strangers. Our neighborhood is not run dow...
by likashing
Thu Jul 26, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Got some 3.141% 07/25/18 maturity from Discover through Fidelity this morning. Pretty good rate, too bad it's only for less than a day :wink: Lol sorry I meant 7/26/2021. 07/25/2018 was the purchase date obviously. Effectively 3-year 3.141%. That's a good rate, is that net of commission? The best I...
by likashing
Thu Jul 26, 2018 12:20 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

jeffyscott wrote:
Wed Jul 25, 2018 9:01 pm
likashing wrote:
Wed Jul 25, 2018 6:57 pm
Got some 3.141% 07/25/18 maturity from Discover through Fidelity this morning.
Pretty good rate, too bad it's only for less than a day :wink:
Lol sorry I meant 7/26/2021. 07/25/2018 was the purchase date obviously. Effectively 3-year 3.141%.
by likashing
Wed Jul 25, 2018 6:57 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Got some 3.141% 07/26/21 maturity from Discover through Fidelity this morning.
by likashing
Sat Jul 14, 2018 4:30 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Thanks Kevin as always.
by likashing
Sat Jul 14, 2018 4:30 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Thanks Kevin as always.
by likashing
Fri Jul 13, 2018 3:57 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

After buying, does Fidelity's "estimated yield" mean anything? It looks like it is based on the last trading price, and not the purchase price if held to maturity. Is there an easy way to get Fidelity to show the yield to maturity based on the purchase price? I don't see the term "estimated yield" ...
by likashing
Fri Jul 13, 2018 12:29 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

After buying, does Fidelity's "estimated yield" mean anything? It looks like it is based on the last trading price, and not the purchase price if held to maturity.

Is there an easy way to get Fidelity to show the yield to maturity based on the purchase price?
by likashing
Fri Jun 29, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

This market is maybe not big enough for institutions to work on, so small investors can cherry pick "deals" and end up with a portfolio of CDs that will outperform a diversified bond fund in yield, while having a risk profile close to a short term treasury bond fund. I think it is the $250,000 FDIC...
by likashing
Wed Jun 27, 2018 8:40 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Thanks Kevin! I started buying from secondary late, but I have monitored the secondary rates for around 2 months, and have pretty much the same observations. It feels like the brokered CDs are quite illiquid and is an in-efficient market. It lags and/or loosely tracks the treasuries of the same term...
by likashing
Wed Jun 27, 2018 4:05 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

I'm new at this, but have not found it difficult to just go through the CD pile on the Schawb site and find a handful to consider. Maybe partly because their fee structure makes any with much less than 10 non-competitive? I intend to buy one CD per month at most, so I think my brute force method wi...
by likashing
Tue Jun 26, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Timing exit from megacorp
Replies: 54
Views: 6823

Re: Timing exit from megacorp

If you retire during the year of your 55th birthday, the 10% penalty on 401k (only your current company's 401k) withdrawal will not apply. i.e. you don't need to wait until 59.5 for penalty free 401k withdrawal. If your 401k plan allows rollover *from* other 401ks and/or pre-tax IRA, you can rollove...
by likashing
Tue Jun 26, 2018 1:01 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Has anyone tried putting in a bid below ask price, and got filled? Seems to me it is a very illiquid market and you either buy at the ask price, or not buy at all.
by likashing
Mon Jun 25, 2018 4:14 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Finished a purchase today at Fidelity. Wells Fargo 1.60% maturity 08/03/2021 Ask was 95.134 so limit order was for 95.134 "filled" at 95.234. "amount" was $953.39. I understand the "filled" part being 0.100 more because of the $1 per bond commission. But why is the final amount $953.39 instead of $...
by likashing
Mon Jun 25, 2018 4:08 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 87332

Re: 2-year CDs at Vanguard and Fidelity Today

Finished a purchase today at Fidelity. Wells Fargo 1.60% maturity 08/03/2021 Ask was 95.134 so limit order was for 95.134 "filled" at 95.234. "amount" was $953.39. I understand the "filled" part being 0.100 more because of the $1 per bond commission. But why is the final amount $953.39 instead of $9...