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  1. #476
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    Feb 2005
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    Quote Originally Posted by Mazderati View Post
    Just the TIPS.
    Its just an ETF investing in inflation adjusted US Treasuries. It's not a play.

    edit. Was for CascadeLuke.

    The ETF has dividends of about 7% ie matching inflation. That's a nice buy and hold holding.

    You can treat it as a 1 year hold and buy it at 110, collect the dividend and then sell it in a year by selling calls against your ETF holdings which pays out another 4%. That's not terrible.
    Last edited by LeeLau; 01-28-2023 at 10:03 AM.

  2. #477
    Join Date
    Apr 2008
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    Treading Water
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    Quote Originally Posted by LeeLau View Post
    You can treat it as a 1 year hold and buy it at 110, collect the dividend and then sell it in a year by selling calls against your ETF holdings which pays out another 4%. That's not terrible.
    Nothing underscores my complete ignorance of financial logistics more than this.



    Sent from my iPhone using TGR Forums
    However many are in a shit ton.

  3. #478
    Join Date
    Mar 2006
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    19,469
    Quote Originally Posted by jm2e View Post
    Nothing underscores my complete ignorance of financial logistics more than this.
    Consider yourself lucky.

    You donít have to be a member of Treasury.Gov to hold your paper with the TIP etf either. With treasury.gov survivors can only access the asset through treasury.gov.

  4. #479
    Join Date
    Mar 2006
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    19,469
    Quote Originally Posted by CascadeLuke View Post
    Can you spell out the TIPS play? Iím a jong thats needs a place to go. Lately been staggering CDs at around 4.85
    Thatís pretty good return and easy. Going elsewhere requires more careful consideration and planning. The I-bond yield could fall off a cliff in the next year whereas youíre locked in on the cd. They both have some illiquidity.

  5. #480
    Join Date
    Jan 2004
    Location
    SW COLO
    Posts
    991
    Quote Originally Posted by climberevan View Post
    Do you guys have any thoughts to share about lending money to friends/family for the purpose of buying property? "Hard money loan" is the common parlance. I guess my main question would be how to secure the loan and how durable any claim one might have to the property would be with a promissory note.
    It can work.........but it can also get complicated quickly. The key is to draw up a good contract. A good friend couldn't get approved for a mortgage due to going through foreclosure back in 07/08 crisis. I bought the house he wanted then sold it to him on a 5 year term (me acting as the bank). He made all the payments plus interest for my troubles. At the end of 5 years he qualified for a mortgage and bought it for what he owed. I was protected because those 5 years I owned the house (even though he was making the payments) and if shit hit the fan I could always sell it. Even though it went okay it definitely put a strain on our relationship during that time. I'm not sure I would do it again.

  6. #481
    Join Date
    Oct 2011
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    Bend
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    762
    In Oregon a licensed mortgage broker has to write the paper for a hard money loan. Ultimately I think I would use an attorney. Most hard money lenders require substantial down payments and wonít loan on anything they donít want to take back. Rates around here are usually about 12% and are interest only with the balloon due at 3 to 5 years. So, itís kind of a bridge product to get someone to a place they can secure a better loan.

    Easyís situation was probably easier to execute but depending on tenant rights in your state could get dicey if the relationship comes off the rails.

  7. #482
    Join Date
    Feb 2014
    Posts
    1,303
    We are (slowly) getting our shit together and looking at life insurance.

    One guy is really trying to sell us on term life as a non-taxed bucket. Wants us to lock in a rate now to use in a few years when we are maxing 401/403 and IRA. Gave us the pitch tonight, sent over a ton of specifics afterwards I need to look through this weekend. Anyone use this as part of their pie?

  8. #483
    Join Date
    Oct 2018
    Posts
    491
    I just bought a bunch of term to cover the family.

    Why would shorter term CDs have better rates now?

    https://www.capitalone.com/bank/cds/online-cds/

  9. #484
    Join Date
    Oct 2002
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    my own little world
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    5,101
    The yield curve is inverted. https://www.bloomberg.com/markets/ra...nment-bonds/us

    Typically that screams recession. Right now I think it just screams that nobody really knows what the fuck is going to happen.
    focus.

  10. #485
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    Dec 2002
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    cow hampshire
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    7,578
    Quote Originally Posted by Mustonen View Post
    The yield curve is inverted. https://www.bloomberg.com/markets/ra...nment-bonds/us

    Typically that screams recession. Right now I think it just screams that nobody really knows what the fuck is going to happen.
    Not typically, every single time. Could take a year or more and we went inverted in July. But yeah, the only constant is change, so who the hell knows, we are certainly overdue for a correction based on historical trends.

  11. #486
    Join Date
    Oct 2002
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    my own little world
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    5,101
    Quote Originally Posted by jackstraw View Post
    Not typically, every single time. Could take a year or more and we went inverted in July. But yeah, the only constant is change, so who the hell knows, we are certainly overdue for a correction based on historical trends.
    I say typical because ďevery single timeĒ feels too predictive, given whatís going on right now. But I truly donít pretend to prognosticate, Iím just here for the ride.
    focus.

  12. #487
    Join Date
    Dec 2012
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    16,496
    I think orange juice futures are ready to scream higher.

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    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  13. #488
    Join Date
    Apr 2005
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    The land of Genesee Cream Ale and homemade pierogies!
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    2,066
    Quote Originally Posted by Garbowski View Post
    I just bought a bunch of term to cover the family.

    Why would shorter term CDs have better rates now?

    https://www.capitalone.com/bank/cds/online-cds/
    5.00% APY on an 11 month CD is as good as it gets right now.
    ďThe best argument in favour of a 90% tax rate on the rich is a five-minute chat with the average rich person.Ē

    - Winston Churchill, paraphrased.

  14. #489
    Join Date
    Mar 2006
    Location
    Beaverton, OR
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    1,318
    Quote Originally Posted by Nobody Famous View Post
    5.00% APY on an 11 month CD is as good as it gets right now.
    5% on both 6 month and 1yr T-bills/bonds which are state tax free...saving you middle class 7-figure income folks up to 13% if you live in CA or perhaps certain counties in OR.

  15. #490
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    Apr 2005
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    The land of Genesee Cream Ale and homemade pierogies!
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    Quote Originally Posted by sirbumpsalot View Post
    5% on both 6 month and 1yr T-bills/bonds which are state tax free...saving you middle class 7-figure income folks up to 13% if you live in CA or perhaps certain counties in OR.
    Nice. I see the weeks upper range on 6 month is just slightly above 5.0%.

    Any insights on how to get in on this so exchange, trade and admin feeds don't eat up the slight advantage over a straight 5.000% CD from Capital One?
    ďThe best argument in favour of a 90% tax rate on the rich is a five-minute chat with the average rich person.Ē

    - Winston Churchill, paraphrased.

  16. #491
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    Mar 2006
    Location
    Beaverton, OR
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    1,318
    Quote Originally Posted by Nobody Famous View Post
    Nice. I see the weeks upper range on 6 month is just slightly above 5.0%.

    Any insights on how to get in on this so exchange, trade and admin feeds don't eat up the slight advantage over a straight 5.000% CD from Capital One?
    Do it on treasury direct or thru your broker under "CD/Bonds - New Auctions" Most of them do not charge a fee. 13 and 26 week auctions are monday morning so set up before 5:30am EST. Treasury direct pulls from your bank account and obviously brokerage pulls from cash account.

  17. #492
    Join Date
    Mar 2006
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    19,469
    Quote Originally Posted by ghosthop View Post
    We are (slowly) getting our shit together and looking at life insurance.

    One guy is really trying to sell us on term life as a non-taxed bucket. Wants us to lock in a rate now to use in a few years when we are maxing 401/403 and IRA. Gave us the pitch tonight, sent over a ton of specifics afterwards I need to look through this weekend. Anyone use this as part of their pie?
    Why do you need LI?

  18. #493
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    Apr 2005
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    Quote Originally Posted by ghosthop View Post
    We are (slowly) getting our shit together and looking at life insurance.

    One guy is really trying to sell us on term life as a non-taxed bucket. Wants us to lock in a rate now to use in a few years when we are maxing 401/403 and IRA. Gave us the pitch tonight, sent over a ton of specifics afterwards I need to look through this weekend. Anyone use this as part of their pie?
    Quote Originally Posted by 4matic View Post
    Why do you need LI?
    ^ This. There are many life insurance options and everything depends on your situation.

    Quick suggestion if you are thinking of LI. Talk to one really good financial advisor to discuss other options and to get a second opinion. "Really, very, very good" is key point here.

    Then get a third opinion if the 1st guy (who sounds like LI sales guy) and 2nd opinion leave any room for doubt. Costs you nothing except your time before you commit to something.
    ďThe best argument in favour of a 90% tax rate on the rich is a five-minute chat with the average rich person.Ē

    - Winston Churchill, paraphrased.

  19. #494
    Join Date
    Feb 2014
    Posts
    1,303
    Quote Originally Posted by 4matic View Post
    Why do you need LI?
    Immediate need is to provide for our infant son if something were to happen to one or both of us while we are building our nest egg.

    Long term, this person is trying to sell us on the idea that the policy would be used similar to a Roth, his example had us allocating ~10% of our yearly post-tax dollars earmarked for saving/investing into the policy. Again, havenít looked at the details but was told that the money could be invested in various Blackrock indexes of our choosing.

    I agree that he is trying to sell us LI, he came recommended by friends. My preference would be to work with someone who we pay hourly rather than someone working on a commission basis but I donít know. We are out of our element, do not have family who have navigated a situation like ours and I am often skeptical of our friends advice based on their spending habits. How do you go about finding a very, very good financial advisor?

  20. #495
    Join Date
    Mar 2006
    Posts
    19,469

    Where to Invest Money Right Now?

    You have a child is reason enough. Iím not sure an insurance policy is a good savings vehicle unless you have a lot of extra cash with no where else to put it. A term policy with a survivor benefit and investing the rest with or without an advisor is likely best. Look into robo advisory https://www.forbes.com/advisor/inves...robo-advisors/

    Save the maximum you can in tax deferred accounts is probably your best advice. Next would be a 529 for the kid if you have the extra income.

    You are young enough that a Roth makes sense but I donít see the advantage other than liquidity if you need it.

  21. #496
    Join Date
    Sep 2001
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    Orangina
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    8,411
    Interesting article in the WSJ for those with subscriptions.

    Itís a Richcession, Not a Recession https://www.wsj.com/articles/its-a-r...aybook-ddffb60

    Sent from my SM-S918U1 using Tapatalk
    "All God does is watch us and kill us when we get boring. We must never, ever be boring."

  22. #497
    Join Date
    Apr 2005
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    The land of Genesee Cream Ale and homemade pierogies!
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    Quote Originally Posted by The Reverend Floater View Post
    Interesting article in the WSJ for those with subscriptions.

    It’s a Richcession, Not a Recession https://www.wsj.com/articles/its-a-r...aybook-ddffb60

    Sent from my SM-S918U1 using Tapatalk
    Here it is without paywall: https://archive.ph/Zauha

    Tip: archive.ph works great for this.
    ďThe best argument in favour of a 90% tax rate on the rich is a five-minute chat with the average rich person.Ē

    - Winston Churchill, paraphrased.

  23. #498
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    Apr 2005
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    The land of Genesee Cream Ale and homemade pierogies!
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    Quote Originally Posted by ghosthop View Post
    ... How do you go about finding a very, very good financial advisor?
    No short, simple answer for this.

    Maybe start a separate thread so this one stays on topic, and we might see some interesting replies.
    ďThe best argument in favour of a 90% tax rate on the rich is a five-minute chat with the average rich person.Ē

    - Winston Churchill, paraphrased.

  24. #499
    Join Date
    Sep 2009
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    N side, Terrace, BC
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    4,632
    Quote Originally Posted by jm2e View Post
    Nothing underscores my complete ignorance of financial logistics more than this.



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    My brother! I love you man.
    ďI tell you, we are here on Earth to fart around, and don't let anybody tell you different.Ē
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  25. #500
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    Apr 2006
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    Quote Originally Posted by ghosthop View Post
    Immediate need is to provide for our infant son if something were to happen to one or both of us while we are building our nest egg.

    Long term, this person is trying to sell us on the idea that the policy would be used similar to a Roth, his example had us allocating ~10% of our yearly post-tax dollars earmarked for saving/investing into the policy. Again, haven’t looked at the details but was told that the money could be invested in various Blackrock indexes of our choosing.

    I agree that he is trying to sell us LI, he came recommended by friends. My preference would be to work with someone who we pay hourly rather than someone working on a commission basis but I don’t know. We are out of our element, do not have family who have navigated a situation like ours and I am often skeptical of our friends advice based on their spending habits. How do you go about finding a very, very good financial advisor?
    I recommend reading this article about how to find a good advisor- https://www.whitecoatinvestor.com/ho...ncial-advisor/ an also this article- https://www.whitecoatinvestor.com/5-...-only-advisor/

    Also, it sounds like you are being pitched on some kind of universal or whole life insurance product. No term life insurance should cost 20% of your pre-tax income. I recommend reading this article- https://www.whitecoatinvestor.com/de...ife-insurance/

    Life insurance as an investment vehicle is almost always inappropriate. It's expensive, the fees are high, and you are almost always better off investing in retirement accounts or brokerage accounts.

    Term life insurance is appropriate for most people with dependents, but it should be cheap.

    As far as investing, general rule is to take advantage of tax advantaged accounts. For example, put in enough to get the full employer match in 401k or 403B type accounts, then move on it IRAs, then max out 401k, then 529 plans for kid's college, then invest in taxable brokerage.

    Check out this flowchart for more details.

    Beyond tax advantaged accounts, the other thing to consider is the costs associated with the funds that you invest in (expense ratios, load fees, etc). See this article about expense ratios and this article about other fees.

    Best of luck.

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