Search found 12067 matches

by TheTimeLord
Wed Mar 27, 2024 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Checking account: why?
Replies: 21
Views: 1317

Re: Checking account: why?

With many banks now offering unlimited withdrawals from savings accounts, is there any point for most people, esp with checks having become mostly obsolete? I'm not sure I agree with your premise but if someone doesn't need a checking account, don't have one Not sure I understand how a savings account replaces a checking account, maybe a money market account could for most things. I suppose someone could figure it out. I use my checking account as a transaction clearing account with low balance. Everything going in and out of the system (except DAF asset donations) goes through that account. There is no cost to hold the account. I live in a rural area and some payees will only accept a check. Not many but a few. I don't use mine a lot, cou...
by TheTimeLord
Wed Mar 27, 2024 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Checking account: why?
Replies: 21
Views: 1317

Re: Checking account: why?

jebmke wrote: Wed Mar 27, 2024 1:24 pm
gunny2 wrote: Wed Mar 27, 2024 1:10 pm With many banks now offering unlimited withdrawals from savings accounts, is there any point for most people, esp with checks having become mostly obsolete?
I'm not sure I agree with your premise but if someone doesn't need a checking account, don't have one
Not sure I understand how a savings account replaces a checking account, maybe a money market account could for most things.
by TheTimeLord
Wed Mar 27, 2024 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Checking account: why?
Replies: 21
Views: 1317

Re: Checking account: why?

Cocoa Beach Bum wrote: Wed Mar 27, 2024 1:19 pm
gunny2 wrote: Wed Mar 27, 2024 1:10 pm With many banks now offering unlimited withdrawals from savings accounts, ...
A better question might be: Who still maintains savings accounts at banks?
I believe anyone with a Credit Union account.
by TheTimeLord
Wed Mar 27, 2024 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: PSA: EFTPS is apparently down [Electronic Federal Tax Payment System]
Replies: 3
Views: 313

Re: PSA: EFTPS is apparently down [Electronic Federal Tax Payment System]

PersonalFinanceJam wrote: Wed Mar 27, 2024 11:58 am I was able to access EFTPS just fine with my ID.me access and then the secondary EFTPS login info like normal just now. I have no payment to make so I didn't try to put one in but the screen came up to do so.
It is now working for me also.
by TheTimeLord
Wed Mar 27, 2024 10:43 am
Forum: Personal Finance (Not Investing)
Topic: PSA: EFTPS is apparently down [Electronic Federal Tax Payment System]
Replies: 3
Views: 313

PSA: EFTPS is apparently down [Electronic Federal Tax Payment System]

EDIT: It is now working for me.


Apparently EFTPS is down. Depending on where you enter the site looks fine until you try to log on. I got this message when access the EFTPS Online link on Google.
Technical Difficulties

This Web site is experiencing technical difficulties. The issue is being reviewed. Your tax payment is due regardless of EFTPS® tax payment service online availability. You can make your tax payment by calling the EFTPS® tax payment service Voice Response System at 1.800.555.3453. Follow the prompts to make your payment.
by TheTimeLord
Tue Mar 26, 2024 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Re: Dedicated Financial Computer Master Thread

beyou wrote: Tue Mar 26, 2024 11:47 am Well I am missing something too.
What is the point of this thread ?
Everyone here had already made up their mind before this thread.
It me it was for people who use a dedicated machine to discuss the topic.
TheTimeLord wrote: Fri Mar 22, 2024 12:13 pm This topic occasionally comes up but is fairly hard to search on the form. So how many people are using a dedicated financial computer as their only means of online access to their accounts? Any tips or tricks you think are worth sharing?
by TheTimeLord
Tue Mar 26, 2024 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Re: Dedicated Financial Computer Master Thread

The vast majority of desktop hacks come from phishing emails where you click on links received. I don't see how you can NOT use email on some dedicated financial computer, you need email to communicate with all these financial firms. Of course one can use a dedicated EMAIL address for financial firms, then only use that email on your dedicated computer. Of course if your financial firm sells your email, then it will get out. If you use gmail, it will get out. I don't do segregate tasks/desktops/emails, I prefer to try and be safe on any device, any email etc. I use a bookmarks to visit the vast majority of sites, so I know I am visiting the site I intend. Never click email links. I use a pwd manager so the pwd manager will only type the pw...
by TheTimeLord
Tue Mar 26, 2024 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Re: Dedicated Financial Computer Master Thread

How do you see a phishing email that dupes someone playing out? Do you really see a dedicated financial computer as being either expensive or inconvient? I can see someone arguing it is an unnecessary expense but if someone is saying 15%-25% of their income like BH tend to do it doesn't seems expensive. What I am saying is that a dedicated computer does not mitigate phishing risks or social engineering risks. So why bother? As someone else wrote downthread: Since the vast majority of the financial hacks seem to be phishing and social engineering I don’t see how a seperate pc stops any of this. If the fbi calls and you give your social and info to them the people will just do it from their end. Doesn’t matter that you have a separate financ...
by TheTimeLord
Tue Mar 26, 2024 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Re: Dedicated Financial Computer Master Thread

I also put "smart" devices (think Alexa powered stuff) on the guest network. The concern is that hardware like smart bulbs, doorbells, etc may be more vulnerable to being hacked than a properly maintained home computer. Since the smart devices are on a different network than our computers, should those devices be hacked, they cannot access our computer. Some smart devices might even ship with malware, so that advice seems reasonable especially if your computers share files. People need a router, Thanks for the details cowdogman , hard to believe some folks dont know that yet. Smart devices on a separate network is a standard recommendation. If my router supported three networks , I'd have main, guest, and IOTs network. Curious, c...
by TheTimeLord
Tue Mar 26, 2024 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Re: Dedicated Financial Computer Master Thread

I also put "smart" devices (think Alexa powered stuff) on the guest network. The concern is that hardware like smart bulbs, doorbells, etc may be more vulnerable to being hacked than a properly maintained home computer. Since the smart devices are on a different network than our computers, should those devices be hacked, they cannot access our computer. Some smart devices might even ship with malware, so that advice seems reasonable especially if your computers share files. People need a router, Thanks for the details cowdogman , hard to believe some folks dont know that yet. Smart devices on a separate network is a standard recommendation. If my router supported three networks , I'd have main, guest, and IOTs network. Curious, c...
by TheTimeLord
Tue Mar 26, 2024 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Re: Dedicated Financial Computer Master Thread

The vast majority of desktop hacks come from phishing emails where you click on links received. I don't see how you can NOT use email on some dedicated financial computer, you need email to communicate with all these financial firms. Of course one can use a dedicated EMAIL address for financial firms, then only use that email on your dedicated computer. Of course if your financial firm sells your email, then it will get out. If you use gmail, it will get out. I don't do segregate tasks/desktops/emails, I prefer to try and be safe on any device, any email etc. I use a bookmarks to visit the vast majority of sites, so I know I am visiting the site I intend. Never click email links. I use a pwd manager so the pwd manager will only type the pw...
by TheTimeLord
Tue Mar 26, 2024 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Re: Dedicated Financial Computer Master Thread

How do you see a phishing email that dupes someone playing out? Do you really see a dedicated financial computer as being either expensive or inconvient? I can see someone arguing it is an unnecessary expense but if someone is saying 15%-25% of their income like BH tend to do it doesn't seems expensive. What I am saying is that a dedicated computer does not mitigate phishing risks or social engineering risks. So why bother? As someone else wrote downthread: Since the vast majority of the financial hacks seem to be phishing and social engineering I don’t see how a seperate pc stops any of this. If the fbi calls and you give your social and info to them the people will just do it from their end. Doesn’t matter that you have a separate financ...
by TheTimeLord
Tue Mar 26, 2024 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Re: Dedicated Financial Computer Master Thread

dknightd wrote: Tue Mar 26, 2024 9:07 am
Svensk Anga wrote: Tue Mar 26, 2024 9:01 am
TheTimeLord wrote: Tue Mar 26, 2024 8:45 am
dknightd wrote: Tue Mar 26, 2024 8:37 am My experience has been that every thing stops working one day. So I like backups.
In that case I would suggest considering a brokerage with an 800 number.
...and sufficient staff to answer the phone in a timely manner.
I'm 90% convinced there is no right answer.
I don't think the OP implied there was.
TheTimeLord wrote: Fri Mar 22, 2024 12:13 pm This topic occasionally comes up but is fairly hard to search on the form. So how many people are using a dedicated financial computer as their only means of online access to their accounts? Any tips or tricks you think are worth sharing?
by TheTimeLord
Tue Mar 26, 2024 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Re: Dedicated Financial Computer Master Thread

It is very easy to get talked into some basically-superstitious practice under the guise of advice. Three pages into this thread, your comment appears to be a keen insight. People have described a lot of controls (some common, perhaps anachronistic, and some new to me) for unspecified risks, as far as I'm concerned. +1 to this comment and its followup. If you're going to protect against some sort of risk, then you need to think about: * What is the value of what I am protecting? * What is the risk I am concerned about? * What is the likelihood of that risk happening? * What are the mitigating controls or procedures I can use to prevent the risk? * How inconvenient (and costly) are these controls versus the above? We all take risks in our e...
by TheTimeLord
Tue Mar 26, 2024 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Re: Dedicated Financial Computer Master Thread

dknightd wrote: Tue Mar 26, 2024 8:37 am My experience has been that every thing stops working one day. So I like backups.
In that case I would suggest considering a brokerage with an 800 number.
by TheTimeLord
Tue Mar 26, 2024 8:40 am
Forum: Investing - Theory, News & General
Topic: Viewing your portfolio vs viewing them as separate components
Replies: 14
Views: 1146

Re: Viewing your portfolio vs viewing them as separate components

It depends - if you're a returns-focused investor, then it's entirely appropriate to view your entire portfolio as a whole. Very common for folks to do this during the accumulation period. On the other hand, some of us in retirement, either don't at all or do so selectively. For example, one could have a "risk portfolio" which consists of any AA that that you like and which is occasionally rebalanced. At the same time one may have a separate portfolio that has as its sole purpose to generate a known income stream, like a TIPS ladder, which is never rebalanced with the risk portfolio. Disclosure: This is what I do where my risk portfolio is a mix of US and international stocks with no bond component. And I have an income focused p...
by TheTimeLord
Tue Mar 26, 2024 8:26 am
Forum: Personal Investments
Topic: Those complimentary dinners for retirees by investment advisors
Replies: 144
Views: 10642

Re: Those complimentary dinners for retirees by investment advisors

Metsfan91 wrote: Tue Mar 26, 2024 12:43 am
TheTimeLord wrote: Mon Mar 25, 2024 9:44 am Since I know I am not interested why would I go?
So you can tell us how does it go? Share the knowledge :-)
No clue because I am not interested so I don't go.
by TheTimeLord
Tue Mar 26, 2024 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Re: Dedicated Financial Computer Master Thread

dknightd wrote: Tue Mar 26, 2024 7:45 am I would never have only one Dedicated Financial Computer.

What if that computer died when I needed it. I like to have options.
I guess the same thing that would happen if you run everything from a single computer and it dies.
by TheTimeLord
Mon Mar 25, 2024 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Annualcreditreport.com -- Legit?
Replies: 6
Views: 864

Re: Annualcreditreport.com -- Legit?

exodusNH wrote: Mon Mar 25, 2024 8:09 pm
TheTimeLord wrote: Mon Mar 25, 2024 8:06 pm Anyone here use AnnualCreditReport.com? Interested in people's experiences.Thanks.
Yes.
Do you use the weekly report feature?
by TheTimeLord
Mon Mar 25, 2024 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Annualcreditreport.com -- Legit?
Replies: 6
Views: 864

Annualcreditreport.com -- Legit?

Anyone here use AnnualCreditReport.com? Interested in people's experiences.Thanks.
by TheTimeLord
Mon Mar 25, 2024 9:44 am
Forum: Personal Investments
Topic: Those complimentary dinners for retirees by investment advisors
Replies: 144
Views: 10642

Re: Those complimentary dinners for retirees by investment advisors

Since I know I am not interested why would I go?
by TheTimeLord
Sat Mar 23, 2024 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: How far back can I file forms 8606 for?
Replies: 10
Views: 940

Re: How far back can I file forms 8606 for?

Only because without an 8606 to report the conversion, your tax return will just show a distribution. Your 1099R may have code 2 in Box 7 (penalty waiver), but if it has code 7 there is no penalty waiver. I wouldn't count on the IRS to pair up the 5498 showing a conversion contribution before charging the 10% penalty. Note that your initial post referred to the $50 penalty, but that is not related to lack of conversion reporting on Form 8606. Rather, that penalty is for failing to report a non deductible contribution, which I initially thought was your concern. For not properly reporting a conversion on Form 8606, the possible penalty would be 10% of the taxable portion of the conversion if under 59.5 I see what you are saying but I was lo...
by TheTimeLord
Sat Mar 23, 2024 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: How far back can I file forms 8606 for?
Replies: 10
Views: 940

Re: How far back can I file forms 8606 for?

The IRS will typically ignore old 8606 forms you send in. Therefore, you should save yourself the trouble and simply update line 2 of the next 8606 you would otherwise file to reflect the correct amount of IRA basis you have. For the last 3 years, if your 8606 included incorrect basis that affected those taxes, you should amend those returns, and update line 2 of the oldest of the amended returns to the correct basis for that time. Keep you own notes for the amounts and years for which prior basis was incorrectly reported. These were conversions from TIRAs to Roths so taxes were paid but if I am understanding correctly the the deposit into the Roth account wasn't documented because of the lack of a 8606, although the custodians issued 5498...
by TheTimeLord
Sat Mar 23, 2024 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: How far back can I file forms 8606 for?
Replies: 10
Views: 940

Re: How far back can I file forms 8606 for?

The IRS will typically ignore old 8606 forms you send in. Therefore, you should save yourself the trouble and simply update line 2 of the next 8606 you would otherwise file to reflect the correct amount of IRA basis you have. For the last 3 years, if your 8606 included incorrect basis that affected those taxes, you should amend those returns, and update line 2 of the oldest of the amended returns to the correct basis for that time. Keep you own notes for the amounts and years for which prior basis was incorrectly reported. These were conversions from TIRAs to Roths so taxes were paid but if I am understanding correctly the the deposit into the Roth account wasn't documented because of the lack of a 8606, although the custodians issued 5498s.
by TheTimeLord
Sat Mar 23, 2024 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: How far back can I file forms 8606 for?
Replies: 10
Views: 940

Re: How far back can I file forms 8606 for?

livesoft wrote: Sat Mar 23, 2024 3:49 pm You can mail in Form 8606 that go back to the beginning of time. What the IRS does with them is not your concern.

The IRS did not acknowledge us when we sent in Form 8606 from more than 10 years ago. But they also didn't charge us any penalties ever.

That doesn't mean that the IRS will like what YOU do. The IRS always likes what I do.
Thanks, much appreciated.
by TheTimeLord
Sat Mar 23, 2024 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: How far back can I file forms 8606 for?
Replies: 10
Views: 940

How far back can I file forms 8606 for?

I am getting conflicting answers of the internet on how far back I can go filing 8606. One says I can only go back 3 years, others seem to indicate as far back as I need. Also, I have seen some indication for a $50 penalty, others say the IRS is just glad to receive them.
by TheTimeLord
Sat Mar 23, 2024 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Help with possible accountant errors
Replies: 2
Views: 306

Re: Help with possible accountant errors

jebmke wrote: Sat Mar 23, 2024 12:59 pm A rollover of a 401(k) to an IRA is recorded on Form 1040. So is a non-taxable (rollover) of a pension lump sum to an IRA.

Custodian to custodian transfers of IRAs are not recorded at all
Thanks, that is immensely helpful. As far as I know everything I am concerned about should be a non-taxable event as long as it can be properly documented. I think my brain is looking for things to fixate on and repair in retirement, trying to recreate the chaotic environment I spent so much time working in over the years.
by TheTimeLord
Sat Mar 23, 2024 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Help with possible accountant errors
Replies: 2
Views: 306

Help with possible accountant errors

One of the luxuries I gave myself a few years ago was having an account prepared my taxes instead of doing it myself. I did some Roth conversions in 2022 and our discussion around form 8606 seemed odd. So for some reason this year I looked back and I believe there are missing 8606 forms in previous years. I assume not too big a deal since the taxes were paid but still seems like if they are indeed missing it is something I might want to correct. It got me thinking I really don't know what other forms to look for to see what might be missing. Which forms do you submit for a 401K to IRA rollover, an IRA to IRA rollover or a non taxable Lump Sum Pension distribution to an IRA? Everything has been pretty much Custodian to Custodian and I see 54...
by TheTimeLord
Fri Mar 22, 2024 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Re: Dedicated Financial Computer Master Thread

finfire wrote: Fri Mar 22, 2024 1:29 pm Now I'm wondering if there is a modern cloud equivalent?

say you spin up a OS (windows, linux etc) instance for the few minutes that you need to browse a financial site, then you down the instance and kill it....
I think there are people who probably have implemented virtual machines.
by TheTimeLord
Fri Mar 22, 2024 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Re: Dedicated Financial Computer Master Thread

billaster wrote: Fri Mar 22, 2024 1:19 pm Next up, how many people use a dedicated phone to access your financial accounts?
There might be a some folks with dedicated Google Voice numbers.
by TheTimeLord
Fri Mar 22, 2024 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Re: Dedicated Financial Computer Master Thread

finfire wrote: Fri Mar 22, 2024 12:52 pm
TheTimeLord wrote: Fri Mar 22, 2024 12:13 pm This topic occasionally comes up but is fairly hard to search on the form. So how many people are using a dedicated financial computer as their only means of online access to their accounts? Any tips or tricks you think are worth sharing?
Never heard of such a thing. Where is it that it "occasionally comes up"?

If it is a thing, I wonder what kind of net worth these individuals have....
Here is one of the past threads.

viewtopic.php?t=389336
by TheTimeLord
Fri Mar 22, 2024 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Re: Dedicated Financial Computer Master Thread

Oddball wrote: Fri Mar 22, 2024 12:34 pm I don't understand, are you saying some people own a computer that is only used to access their bank, investment, etc. accounts, and not used for anything else? They have a separate computer to track their March Madness brackets, look up stuff to cook, shop online?
Yes.
by TheTimeLord
Fri Mar 22, 2024 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Dedicated Financial Computer Master Thread
Replies: 209
Views: 9793

Dedicated Financial Computer Master Thread

This topic occasionally comes up but is fairly hard to search on the form. So how many people are using a dedicated financial computer as their only means of online access to their accounts? Any tips or tricks you think are worth sharing?
by TheTimeLord
Thu Mar 21, 2024 7:36 am
Forum: Personal Finance (Not Investing)
Topic: 5 and 10-yr TIPS at auction, original or reopening?
Replies: 7
Views: 1553

Re: 5 and 10-yr TIPS at auction, original or reopening?

What are the advantages and disadvantages of buying 5 and 10- year TIPS at a reopened Treasury action versus the auction when these TIPS are originally offered by Treasury at auction? My question would be what is the advantage of buying in a reopening auction versus buying on the secondary market? You avoid the spread I would like someone to walk me through why a reopening auction would consistently price better than the secondary market. It won't, so no one can. Much more goes into "consistently price better" than just the spread. Exactly. To be honest beyond an indicator of a possible lack of liquidity putting upward pressure on a specific issue's price I am not really sure I grasp how the spread is relevant when comparing to b...
by TheTimeLord
Wed Mar 20, 2024 8:53 am
Forum: Investing - Theory, News & General
Topic: Are TIPS funds useless?
Replies: 25
Views: 4233

Re: Are TIPS funds useless?

I have a question. Would it be fair to say that if people thought of TIPS as a Real Yield investment instead of purely "inflation protection" they might understand the gyrations a little better because aren't they gyrations caused by changes in real yields not inflation? Does that make sense or am I totally off base here?
by TheTimeLord
Wed Mar 20, 2024 8:30 am
Forum: Personal Finance (Not Investing)
Topic: 5 and 10-yr TIPS at auction, original or reopening?
Replies: 7
Views: 1553

Re: 5 and 10-yr TIPS at auction, original or reopening?

IDpilot wrote: Wed Mar 20, 2024 7:27 am
TheTimeLord wrote: Mon Mar 18, 2024 4:54 pm
chemocean wrote: Wed Feb 28, 2024 1:16 pm What are the advantages and disadvantages of buying 5 and 10- year TIPS at a reopened Treasury action versus the auction when these TIPS are originally offered by Treasury at auction?
My question would be what is the advantage of buying in a reopening auction versus buying on the secondary market?
You avoid the spread
I would like someone to walk me through why a reopening auction would consistently price better than the secondary market.
by TheTimeLord
Tue Mar 19, 2024 7:42 am
Forum: Investing - Theory, News & General
Topic: Now that long TIPS yields are 60 bp off their highs I will…
Replies: 2956
Views: 623849

Re: Now that long TIPS yields are 60 bp off their highs I will…

Nice to see the 2034s over 2%, even though the stock market is also going up. I can only hope the trend continues until my April 2024s mature. Why? 1. I own stock. I always want the stock market to go up. 2. I intend to buy more 2034s with the proceeds from my April 2024's. Pretty selfish, I know. That is what I was assuming that is what you were planning to do but what I was wondering if you are happy with the current price on 2034s why you don't just sell the Apr 2024s on the secondary market and buy the 2034s instead of hoping for the trend to continue. Is it that you will lose a few bps on the Apr 2024s or just thinking you will get a better price in a month on the 2034s or something I am missing entirely? You are correct. The only rea...
by TheTimeLord
Mon Mar 18, 2024 6:38 pm
Forum: Investing - Theory, News & General
Topic: Now that long TIPS yields are 60 bp off their highs I will…
Replies: 2956
Views: 623849

Re: Now that long TIPS yields are 60 bp off their highs I will…

protagonist wrote: Mon Mar 18, 2024 6:08 pm
TheTimeLord wrote: Mon Mar 18, 2024 5:09 pm
protagonist wrote: Mon Mar 18, 2024 5:04 pm Nice to see the 2034s over 2%, even though the stock market is also going up.
I can only hope the trend continues until my April 2024s mature.
Why?
1. I own stock. I always want the stock market to go up.
2. I intend to buy more 2034s with the proceeds from my April 2024's.

Pretty selfish, I know.
That is what I was assuming that is what you were planning to do but what I was wondering if you are happy with the current price on 2034s why you don't just sell the Apr 2024s on the secondary market and buy the 2034s instead of hoping for the trend to continue. Is it that you will lose a few bps on the Apr 2024s or just thinking you will get a better price in a month on the 2034s or something I am missing entirely?
by TheTimeLord
Mon Mar 18, 2024 5:09 pm
Forum: Investing - Theory, News & General
Topic: Now that long TIPS yields are 60 bp off their highs I will…
Replies: 2956
Views: 623849

Re: Now that long TIPS yields are 60 bp off their highs I will…

protagonist wrote: Mon Mar 18, 2024 5:04 pm Nice to see the 2034s over 2%, even though the stock market is also going up.
I can only hope the trend continues until my April 2024s mature.
Why?
by TheTimeLord
Mon Mar 18, 2024 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: 5 and 10-yr TIPS at auction, original or reopening?
Replies: 7
Views: 1553

Re: 5 and 10-yr TIPS at auction, original or reopening?

chemocean wrote: Wed Feb 28, 2024 1:16 pm What are the advantages and disadvantages of buying 5 and 10- year TIPS at a reopened Treasury action versus the auction when these TIPS are originally offered by Treasury at auction?
My question would be what is the advantage of buying in a reopening auction versus buying on the secondary market?
by TheTimeLord
Sat Mar 16, 2024 10:39 am
Forum: Personal Investments
Topic: Bond ladder for regular fixed payment
Replies: 13
Views: 1791

Re: Bond ladder for regular fixed payment

Yes, the nominal treasury ladder is perfect for matching to a nominal expense. Thanks i know it’s rather obvious but i often need assurance that i am on the right track. Are there similar tool as tipbondladder for nominal bonds? Not my area of expertise (since I have no area of expertise) but I think I have seen laddering STRIPS mentioned for nominal expenses like this, although I would like to have someone explain how you allow for the taxes when building a STRIPS ladder. That said if want to match an annual $100 expense for 10 years and you already have the $1,000 required to meet the obligation you don't have to build a rigid ladder do you? Seems like you have multiple option here that could accomplish you goal provide I am understandin...
by TheTimeLord
Fri Mar 15, 2024 10:47 am
Forum: Investing - Theory, News & General
Topic: Now that long TIPS yields are 60 bp off their highs I will…
Replies: 2956
Views: 623849

Re: Now that long TIPS yields are 60 bp off their highs I will…

FactualFran wrote: Fri Mar 15, 2024 10:41 am
TheTimeLord wrote: Fri Mar 15, 2024 10:35 am This is wild, I pulled my numbers of eyebonds.info this morning but have no clue where I got 307.671, I don't see it on any line. :oops: :oops: :oops:
307.671 was the Reference CPI for 1/1/2024.
Thank you, at least now I know I am sloppy not crazy.
by TheTimeLord
Fri Mar 15, 2024 10:45 am
Forum: Investing - Theory, News & General
Topic: Should I exclude LMP/TIPS ladder from portfolio tracking?
Replies: 43
Views: 2644

Re: Should I exclude LMP/TIPS ladder from portfolio tracking?

I think tracking may have been the wrong term. When I wrote the OP I think my portfolio was getting close to hitting some round number and I realized the gains coming from inflation adjustments in TIPS probably weren't that relevant to my planning. So what I was thinking is my TIPS are going to do what they are designed to do in maintaining purchasing power so from an investing perspective it might be more productive to be more focused on how my Risk Portfolio is invested instead of my portfolio as a whole. Hopefully this makes more sense.
by TheTimeLord
Fri Mar 15, 2024 10:35 am
Forum: Investing - Theory, News & General
Topic: Now that long TIPS yields are 60 bp off their highs I will…
Replies: 2956
Views: 623849

Re: Now that long TIPS yields are 60 bp off their highs I will…

Lyrrad wrote: Fri Mar 15, 2024 10:20 am
TheTimeLord wrote: Fri Mar 15, 2024 6:38 am Are my calculations correct that if I had been able to buy $10,000 of a magic TIPS that was issued on 1/1/2022 (none were) and matured on 3/15/2024 (none did) that I would have received $11,123 at maturity in inflation adjusted principal ($10,000 * (307.671/276.589))?
No.

10,000 * 307.50065/276.58900 = $11,117.60

https://eyebonds.info/tips/2022/tips00_2022.html
https://eyebonds.info/tips/2024/tips00_2024.html
https://www.treasurydirect.gov/auctions ... i-history/
This is wild, I pulled my numbers of eyebonds.info this morning but have no clue where I got 307.671, I don't see it on any line. :oops: :oops: :oops:

Thanks for the correction. :sharebeer
by TheTimeLord
Fri Mar 15, 2024 6:38 am
Forum: Investing - Theory, News & General
Topic: Now that long TIPS yields are 60 bp off their highs I will…
Replies: 2956
Views: 623849

Re: Now that long TIPS yields are 60 bp off their highs I will…

Are my calculations correct that if I had been able to buy $10,000 of a magic TIPS that was issued on 1/1/2022 (none were) and matured on 3/15/2024 (none did) that I would have received $11,123 at maturity in inflation adjusted principal ($10,000 * (307.671/276.589))?
by TheTimeLord
Thu Mar 14, 2024 7:50 pm
Forum: Investing - Theory, News & General
Topic: 5M, probably enough to retire to a frugal lifestyle
Replies: 180
Views: 15765

Re: 5M, probably enough to retire to a frugal lifestyle

goblue100 wrote: Thu Mar 14, 2024 7:39 pm in the words of Warren Zevon, sung by Linda Ronstadt, "poor, poor, pitiful me". I only have 1.5 million to live on. I feel like I'm a step ahead of frugal.
Also the words of Warren Zevon "There's a train leavin' nightly called "When All is Said and Done"".
by TheTimeLord
Thu Mar 14, 2024 10:09 am
Forum: Investing - Theory, News & General
Topic: Index Investing Basics - Revisited
Replies: 133
Views: 9532

Re: Index Investing Basics - Revsited

If you start reading about market predictions and adjusting your portfolio based on them, then have then become an active not a passive investor. No one knows what is going to happen. I would say if you deviate from the world market capitalization you are an active investor. In fact if you hold the SP500 index you are active because you are excluding all the other stocks in the US market arbitrarily. But historically does it really matter if you own VOO, VTI, VONE, VTHR, ITOT or SPTM? In other words are you making a distinction without a difference? Regardless of the result it is an active decision even if it makes little or no difference. Why not the SP 400 or 600? It’s an arbitrary decision but 500 is certainly more catchy. Back to my qu...
by TheTimeLord
Thu Mar 14, 2024 9:20 am
Forum: Investing - Theory, News & General
Topic: Now that long TIPS yields are 60 bp off their highs I will…
Replies: 2956
Views: 623849

Re: Now that long TIPS yields are 60 bp off their highs I will…

What makes you think these will do any better than TIPS at keeping up with inflation? The expected return of Tbills and money market funds is about the same as TIPS, but the uncertainty of those returns is much larger over longer periods due to reinvestment risk. So not only are you no more likely to keep up with inflation, but the risk of you not doing so is much higher. As I've shared, I also have lots of short-term Treasuries in taxable, but I acknowledge the long-term riskiness of them, and my longer-term TIPS contribute to my ability to take that risk. Fifty percent inflation over 5 years is about 8.5% per year. There simply is no investment with an expected return that high--certainly no safe investment. Stocks should have an expecte...
by TheTimeLord
Thu Mar 14, 2024 8:56 am
Forum: Investing - Theory, News & General
Topic: Now that long TIPS yields are 60 bp off their highs I will…
Replies: 2956
Views: 623849

Re: Now that long TIPS yields are 60 bp off their highs I will…

If you don’t use tips are you deciding no fixed income and going 100% stocks to better keep up with inflation? Or are you using tbills or savings accounts/cds? If you are going to have some fixed income, tips seem like the better deal than total bond but I’m interested in other ideas. For now just individual t-bills in taxable and money market in tax advantage account. What makes you think these will do any better than TIPS at keeping up with inflation? The expected return of Tbills and money market funds is about the same as TIPS, but the uncertainty of those returns is much larger over longer periods due to reinvestment risk. So not only are you no more likely to keep up with inflation, but the risk of you not doing so is much higher. As...