Why Are You Pissed Off Today?

Really peeved at my high yields, bond ETFs and bond funds. Yields are higher, but I'm giving up 4 points because it's tanking. Eat your veggies...buy your bonds.
 
Fwiffo said:
Really peeved at my high yields, bond ETFs and bond funds. Yields are higher, but I'm giving up 4 points because it's tanking. Eat your veggies...buy your bonds.
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I take it you’re holding those for the interest income?
 
Fwiffo said:
Yes. Because of my old age.
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So why do you care if they tank? The interest income remains (somewhat) constant regardless of price, no?
I’ve never looked at bond etf but I assume they have the same math as hond math?
 
belinmad said:
So why do you care if they tank? The interest income remains (somewhat) constant regardless of price, no?
I’ve never looked at bond etf but I assume they have the same math as hond math?
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The bond funds and ETF reiterated their yields per share and are paying what I expected them to generate. They are also not ones that have been around for less than a year or two and using covered calls and other mechanisms to juice up the yield.

If the Trump administration screw up in 9 months I wanted to reserve the right to move to a more conservative bond mix because one pick is currently 20% US Treasury, some investment grade and the rest high yield (junk) bonds. If the economy tanks the 20% doesn't protect me much.

I have some preferred shares of local banks, insurers and utilities (gas) that my father picked that have been paying for years. I held on to them for the same reason it will eventually get back to the principal. In the meantime I "rented" them for the dividend income that has paid for the loss over a few times over.

Just makes me feel less antsy if I have to rebalance. But they are USD so converting back to me to spend gives me a foreign exchange boost too.
 
Fwiffo said:
The bond funds and ETF reiterated their yields per share and are paying what I expected them to generate. They are also not ones that have been around for less than a year or two and using covered calls and other mechanisms to juice up the yield.

If the Trump administration screw up in 9 months I wanted to reserve the right to move to a more conservative bond mix because one pick is currently 20% US Treasury, some investment grade and the rest high yield (junk) bonds. If the economy tanks the 20% doesn't protect me much.

I have some preferred shares of local banks, insurers and utilities (gas) that my father picked that have been paying for years. I held on to them for the same reason it will eventually get back to the principal. In the meantime I "rented" them for the dividend income that has paid for the loss over a few times over.

Just makes me feel less antsy if I have to rebalance. But they are USD so converting back to me to spend gives me a foreign exchange boost too.
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So you’re not losing any 4 points.
You might have to realize losses im a certain very specific scenario.
Chill and enjoy your coupons
 
belinmad said:
So you’re not losing any 4 points.
You might have to realize losses im a certain very specific scenario.
Chill and enjoy your coupons
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I stare at it every business day or so - not good for chilling.

If I choose to rebalance and shift when it's down....6.5% now. So I need 8 1/2 months more monthly pay outs to erase that. There was a more risky one that paid 9% from my old workplace but it held Ukrainian, Romanian, Venezuelan (not even sure how that's possible given sanctions) sovereign bonds in addition to other crazy assets.

Or I could move to Puglia and live on €24.000/year
 
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Fwiffo said:
I stare at it every business day or so - not good for chilling.

If I choose to rebalance and shift when it's down....6.5% now. So I need 8 1/2 months more monthly pay outs to erase that. There was a more risky one that paid 9% from my old workplace but it held Ukrainian, Romanian, Venezuelan (not even sure how that's possible given sanctions) sovereign bonds in addition to other crazy assets.

Or I could move to Puglia and live on €24.000/year
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The only good reason I can think of to rebalance a fixed income portfolio which for practical purposes js being held to maturity is if you have a strong belief one of the assets will default. Do you?
 
belinmad said:
The only good reason I can think of to rebalance a fixed income portfolio which for practical purposes js being held to maturity is if you have a strong belief one of the assets will default. Do you?
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No. It's 70% investment grade including 18% US treasuries and been around since 2001 always paying out 5-8%.

But there's a bunch of people who re-balanced into this type of asset in Q4 and are moaning on Reddit.
 
Ferritin back up to 600 levels. Which is basically my March number. Also I fell out of pre-diabetes for all countries by the summer. But now I'm back in if I use US or China standards.

Living the life of the Ayatollah..getting none of the benefits.
 
Fwiffo said:
No. It's 70% investment grade including 18% US treasuries and been around since 2001 always paying out 5-8%.

But there's a bunch of people who re-balanced into this type of asset in Q4 and are moaning on Reddit.
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What are they moaning about?
 
belinmad said:
What are they moaning about?
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Bonds Talk on Reddit

People like me who bought in, it tanked, and wondering if it was worth trying to get a more balanced portfolio in the first place. I don't hold TLT because I was more greedy to add corporate bonds to the mix.
I'm currently sitting on a 6-7% loss, but thinking about DCAing around $85, which has been long-term support line since the early 2000s.
And then there's your opinion:
Some people are in the “just collect interest monthly” phase of life and are cool with it. TLT/VGLT and chill?
 
Fwiffo said:
Bonds Talk on Reddit

People like me who bought in, it tanked, and wondering if it was worth trying to get a more balanced portfolio in the first place. I don't hold TLT because I was more greedy to add corporate bonds to the mix.
I'm currently sitting on a 6-7% loss, but thinking about DCAing around $85, which has been long-term support line since the early 2000s.
And then there's your opinion:
Some people are in the “just collect interest monthly” phase of life and are cool with it. TLT/VGLT and chill?
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Over time I created a fixed income portfolio for my mother that is now nicely paying 8-9% so she can live off of it and not worry about money ever again.
Every couple of weeks she sends me the updated portfolio highlighting the NAV and asking why she’s losing so much money.
And every time it’s the same conversation “mum, did the payments into your current account decrease? No. Then stop looking at the daily NAV and chill.”

I just don’t understand people who buy and hold fixed income to maturity for the coupons and still worry about asset value. You’re not in it for the growth, are you? Your only concern should be a default.
 
That's suprising (for me), but I don't do bonds. I just had a quick look and what I see in EUR yielding above 8%, at least the companies I've heard of I wouldn't really like to invest in. I assume building that portfolio took some time and effort, well done for your mum!
 
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güero said:
That's suprising (for me), but I don't do bonds. I just had a quick look and what I see in EUR yielding above 8%, at least the companies I've heard of I wouldn't really like to invest in. I assume building that portfolio took some time and effort, well done for your mum!
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There were a lot of bargains in the market during various points of the pandemic and immediately after.
 
belinmad said:
Every couple of weeks she sends me the updated portfolio highlighting the NAV and asking why she’s losing so much money.
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Better than my mother. We could trade. My mother doesn't even remember to pay off her credit card balance after using her card even though she has accessible funds. Trying to get her to do multi-factor authentication and log in to her various accounts is near futile. We gave her a pre-paid credit card but she has no idea how to reload it.

She wishes for the days when she was working and someone drops off a pile of cash for her to use every X weeks like a pay cheque and envies her sister in law who gave everything to an insurance company so she gets an annuity.
 
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Grand Potentate said:


Shit like this is just so aggravating to see when you realize we will NEVER have something like this here.
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Why do we need to see the first 4 or 5 seconds of her showing off God-awful tattooes in what I assume is a washroom mirror?
 
Grand Potentate said:


Shit like this is just so aggravating to see when you realize we will NEVER have something like this here.
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But - Don't you have school lunched canteens - free or subsidised?

We don't have the school lunches or breakfast
 
fxh said:
But - Don't you have school lunched canteens - free or subsidised?

We don't have the school lunches or breakfast
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Sort of and republicans are doing their best to kill that off. You people can generally afford to live.
 
10-15cm snow. Most snow in 2 years. What happened to global warming?
 
I think I buggered up my left achilles tendon jumping these 20cm snow piles.
 
Grand Potentate said:
ice and rest and stretching and massage.
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Cheers. The ice helped a bit. Walked 8-9km on it yesterday. Slept as close to 8 hours as I could and I was able to pull off all my leg exercises in the weight room. Just no sprinting or sharp cuts. But I am not a footballer.
 
fxh said:
Wasnt there only 285 or so in whole USA last year?
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We’re working with an antivaxxer Mennonite community here and it’s tearing through like wildfire. I expect we will see more outbreaks like this, given the trend away from children getting their MMR shot.
 
My left iIliotibial band started acting up yesterday evening when I was cleaning up the kitchen. I thought 8 hours sleep would solve it but it was still bothering me. 45 minutes on the elliptical made me all warm full of blood rushing and made it go away after the cold shower. But now it's bothering me again. Maybe because I was sitting for 2 hours.
 
Fwiffo said:
My left iIliotibial band started acting up yesterday evening when I was cleaning up the kitchen. I thought 8 hours sleep would solve it but it was still bothering me. 45 minutes on the elliptical made me all warm full of blood rushing and made it go away after the cold shower. But now it's bothering me again. Maybe because I was sitting for 2 hours.
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Get a foam roller.
 
Fwiffo said:
There are some downstairs in the gym. It’s getting better throughout the day so I hope one more sleep means I can do weights tomorrow. Not sure about squats or leg press right now.
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Get one for the apartment. I recommend this one:


They often go on sale. This model is more aggressive but once you get used to it you can never go back.
 
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I was trying to take advantage of retirement account contributions to offset my taxes. I started this journey in January.

I was waiting for this one mutual fund to issue me a tax slip. It's rather complex because it owns 50% CA, 25% Europe, 25% US. They told me to wait for the tax slip because it will only come by post on the last week before the contribution deadline.

Surprisingly they electronically uploaded it to the government's tax website but the field labels are incorrect. I can't see if it's foreign or domestic income. It literally says slip.17.box.53. I ring up the bank that sold me the mutual fund and they said I need to contact the asset management company but I need to do it through them. I should take a photograph of my electronic tax slip (which has my social insurance number on it) and send it through clear text e-mail to the bank. But the call centre agent warned me not to expect a reply any time soon because they are swamped and they certainly won't get back to me by the contribution deadline day.

Yesterday was the contribution deadline so I just did rough maths and contributed the maximum amount needed to reduce my tax payables to zero. But my bank's website and mobile apps died in the middle of the day.
 
90 minutes on the phone between the health insurance and the pharmacy benefit provider. Apparently, on 2/21, the health insurance approved this $10000 medication via doctor appeal. Unfortunately, they don’t seem to have notified the pharmacy benefit provider about this development and that is why the prescription keeps showing up as not being approved.

The insurance needs to talk to the one single lady in the clinical department that worked on this. Unfortunately, she is not available at the moment, so they’ll have to call me back. Also, they cannot get in contact with the pharmacy benefit provider to call them back, so I have to link them up.

I want to die.
 
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Grand Potentate said:
90 minutes on the phone between the health insurance and the pharmacy benefit provider. Apparently, on 2/21, the health insurance approved this $1000 medication via doctor appeal. Unfortunately, they don’t seem to have notified the pharmacy benefit provider about this development and that is why the prescription keeps showing up as not being approved.

The insurance needs to talk to the one single lady in the clinical department that worked on this. Unfortunately, she is not available at the moment, so they’ll have to call me back. Also, they cannot get in contact with the pharmacy benefit provider to call them back, so I have to link them up.

I want to die.
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It sounds like they want you to die as well. That is so fucked up!!
 
Dropbear said:
It sounds like they want you to die as well. That is so fucked up!!
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Updated the cost of the medication. I left off a 0 accidentally.

And in additional good news today, I just got a letter that our brand new homeowners insurance that we've only had for just over a month is cancelling our property insurance at the end of this month. They've decided now, after 30+ days, that our roof is, in fact, too old.
 
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