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01-26-2023, 09:05 AM
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#1281
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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Quote:
Originally Posted by lawman
With each side having their heels dug in deeper than ever before I think we are likely to go places we have never been..How long has it been since we voted so many times before electing a House Speaker?
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Risk of nuclear war is higher....building a fallout shelter?
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01-26-2023, 06:50 PM
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#1282
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Full time employment: Posting here.
Join Date: Aug 2018
Posts: 597
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Orman was on CNBC on Wednesday IIRC and was all in on 13 and 26 week T bills not just 13 week.
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01-26-2023, 07:45 PM
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#1283
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,139
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This week’s T-bill auction results:
Bills | CMB | CUSIP | Issue Date | High Rate | Investment Rate | Price per $100 | 4-Week | No | 912796Y78 | 01/31/2023 | 4.500% | 4.579% | $99.650000 | 8-Week | No | 912796Z85 | 01/31/2023 | 4.525% | 4.620% | $99.296111 | 13-Week | No | 912796YV5 | 01/26/2023 | 4.575% | 4.693% | $98.843542 | 17-Week | No | 912797FG7 | 01/31/2023 | 4.620% | 4.757% | $98.472833 | 26-Week | No | 912796Y29 | 01/26/2023 | 4.685% | 4.865% | $97.631472 | 52-Week | No | 912796ZY8 | 01/26/2023 | 4.470% | 4.692% | $95.480333 |
Link to last weeks results: https://www.early-retirement.org/for...ml#post2884258
__________________
Retired since summer 1999.
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01-27-2023, 05:28 AM
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#1284
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 11,702
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Quote:
Originally Posted by audreyh1
I think there are some situations in which there is “imputed interest” that hasn’t actually been paid, but fortunately not with your regular T-bills or CDs.
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That would be TIPs.
__________________
Retired Class of 2018
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01-27-2023, 05:30 AM
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#1285
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 11,702
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Quote:
Originally Posted by lawman
With each side having their heels dug in deeper than ever before I think we are likely to go places we have never been..How long has it been since we voted so many times before electing a House Speaker?
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Let's leave that discussion to the other gloom and doom thread, please.
__________________
Retired Class of 2018
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01-27-2023, 09:12 PM
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#1286
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Thinks s/he gets paid by the post
Join Date: Jul 2008
Location: Weatherford, Texas
Posts: 1,213
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I have now purchased 20 - 25 Broker C. D's , corporate bonds, treasuries and FHLB notes..I have printed all my confirmations from Schwab..Although those have most of the information I need they do not tell me what the payment schedule is. I've gone back through my Schwab account history and I can see the interest payments I have received so far but based on the payment dates I cannot determine when or how often each security should pay. I would expect it would be monthy, quarterly, semi annually or at maturity but nothing tells me when each one pays..What am I missing?
__________________
Life is good. Then you die.
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01-27-2023, 09:40 PM
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#1287
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Full time employment: Posting here.
Join Date: Dec 2006
Posts: 881
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Quote:
Originally Posted by Happyras
I keep looking at those new issue Agency bonds, llke;
FEDERAL FARM CR BKS BOND
5.65000% 01/24/2031
Sure it is callable on the first coupon of July this year, but the coupon is 5.65%, maybe you get lucky and goes longer term, but why would one not buy these and consider it as a 6 month bond? I did buy some a bit ago at 6.5% coupon, but callable in May.
I do not see why these would not be as safe as a t-bill, but with much higher yield. Help me understand why this would not be a short term play?
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Interesting. As one poster mentioned. Down side, if rates go "above" the "5.65%" rate. I think, I may, "play" the game with a small portion of my
fixed investment funds. Or not. Will have to sleep on it.
But sounds reasonable to me.
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01-27-2023, 11:28 PM
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#1288
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Full time employment: Posting here.
Join Date: Sep 2016
Posts: 527
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Quote:
Originally Posted by lawman
I have now purchased 20 - 25 Broker C. D's , corporate bonds, treasuries and FHLB notes..I have printed all my confirmations from Schwab..Although those have most of the information I need they do not tell me what the payment schedule is. I've gone back through my Schwab account history and I can see the interest payments I have received so far but based on the payment dates I cannot determine when or how often each security should pay. I would expect it would be monthy, quarterly, semi annually or at maturity but nothing tells me when each one pays..What am I missing?
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On Fidelity there’s a fixed income tool. Look for something like that at Schwab. Google says they have an Investment Income Summary. That may tell you what you want to know.
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01-28-2023, 03:38 AM
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#1289
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Thinks s/he gets paid by the post
Join Date: Jan 2013
Location: SoCal, Lausanne
Posts: 4,408
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Quote:
Originally Posted by lawman
I have now purchased 20 - 25 Broker C. D's , corporate bonds, treasuries and FHLB notes..I have printed all my confirmations from Schwab..Although those have most of the information I need they do not tell me what the payment schedule is. I've gone back through my Schwab account history and I can see the interest payments I have received so far but based on the payment dates I cannot determine when or how often each security should pay. I would expect it would be monthy, quarterly, semi annually or at maturity but nothing tells me when each one pays..What am I missing?
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Your Schwab monthly statement will tell you the income by security and the amount of accrued income. You can also keep the info in a spreadsheet and manage it yourself.
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01-28-2023, 06:46 AM
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#1290
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Moderator
Join Date: Oct 2010
Posts: 10,723
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^ I agree that a spreadsheet is an appropriate tool, but I think the problem is reading the bond details and turning that into the set of cash flows promised.
Fidelity sends me a PDF with all of the bond specifics. Even if I just go into the buy screen and don't buy, they send it to me. Anyway, I wasn't born knowing how to translate those bond specs to a set of cash flows, but I learned how. In my case, setting up the XIRR set in Excel and fiddling with it until the rate I calculated equaled what Fidelity told me I would get if I bought the bond. It's basically the coupon rate times $1,000 on the right dates, but that's a simplification. And often it's not obvious what the dates are. And there always is a coupon payment at the end, IME. So if you have at least one coupon payment in hand, and it pays, say, every 6 months, you've got the payments known. If you just bought it, you'll need to look at the description to see the frequency and timing of the coupons. It's there, but not easy to recognize to my relativly untrained eye.
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01-28-2023, 06:51 AM
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#1291
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Recycles dryer sheets
Join Date: May 2010
Location: Knoxville
Posts: 369
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Quote:
Originally Posted by Happyras
I keep looking at those new issue Agency bonds, llke;
FEDERAL FARM CR BKS BOND
5.65000% 01/24/2031
Sure it is callable on the first coupon of July this year, but the coupon is 5.65%, maybe you get lucky and goes longer term, but why would one not buy these and consider it as a 6 month bond? I did buy some a bit ago at 6.5% coupon, but callable in May.
I do not see why these would not be as safe as a t-bill, but with much higher yield. Help me understand why this would not be a short term play?
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The link is to a good article from Investopedia titled "Agency Bonds: Limited Risk and Higher Returns" The article includes a list of which bonds are state tax exempt and which are not.
https://www.investopedia.com/article...ency_bonds.asp
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01-28-2023, 07:13 AM
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#1292
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,358
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Quote:
Originally Posted by lawman
I have now purchased 20 - 25 Broker C. D's , corporate bonds, treasuries and FHLB notes..I have printed all my confirmations from Schwab..Although those have most of the information I need they do not tell me what the payment schedule is. I've gone back through my Schwab account history and I can see the interest payments I have received so far but based on the payment dates I cannot determine when or how often each security should pay. I would expect it would be monthy, quarterly, semi annually or at maturity but nothing tells me when each one pays..What am I missing?
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Quote:
Originally Posted by Popeye
On Fidelity there’s a fixed income tool. Look for something like that at Schwab. Google says they have an Investment Income Summary. That may tell you what you want to know.
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Your Schwab broker can periodically run a "Cash Flow Summary" report for you and send you a link to it... unfortunately it isn't something that you can do yourself.
I found it of limited use because it only schedules out interest and maturity payments for 12 months and I wanted to see more than that so I ended up doing a spreadsheet. Also, the report inexplicably excluded 4 agency bonds because "Algorithim cannot coumpute a value" and 2 CDs because "Missing coupon frequency" so it was not particularly useful.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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01-28-2023, 07:55 AM
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#1293
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,326
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At Fidelity you can click on any fixed income product and the payment info pops up. If you click on an item from the ‘positions’ view you can choose from several fixed income views including cashflow analysis for all your positions. I can’t believe Schwab doesn’t have similar features.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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01-28-2023, 08:26 AM
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#1294
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Thinks s/he gets paid by the post
Join Date: Jul 2008
Location: Weatherford, Texas
Posts: 1,213
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Quote:
Originally Posted by Freedom56
Your Schwab monthly statement will tell you the income by security and the amount of accrued income. You can also keep the info in a spreadsheet and manage it yourself.
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I have no clue about spreadsheets. I bought the below BoA note..Schwab screwed up my account regarding this issue. My daily change amount was off by the amount of my purchase and it did not show up on my list of securities. It took several days and several calls and no one could explain what went wrong except that it had to do with a "pricing issue". As of this morning it looks like they have the problem straightened out but I now have zero confidence in their competence..What I would like to know is when I should receive a payment from BoA for this note..
https://finra-markets.morningstar.co...bol=BAC5530521
__________________
Life is good. Then you die.
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01-28-2023, 08:49 AM
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#1295
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,358
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Quote:
Originally Posted by lawman
I have no clue about spreadsheets. I bought the below BoA note..Schwab screwed up my account regarding this issue. My daily change amount was off by the amount of my purchase and it did not show up on my list of securities. It took several days and several calls and no one could explain what went wrong except that it had to do with a "pricing issue". As of this morning it looks like they have the problem straightened out but I now have zero confidence in their competence..What I would like to know is when I should receive a payment from BoA for this note..
https://finra-markets.morningstar.co...bol=BAC5530521
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What you describe isn't unusual for new issue bonds. I put in a Fill or Kill order for a new issue bond (17290A7H7) on Wednesday and it sat in my open orders until it finally filled yesterday, but it won't actually fund until Jan 31, so I have a negative balance in my settlement account that I'll need to fill on or before Jan 31. I'll sell SWVXX on Monday to cover.
If you log onto Schwab and look up at CUSIP for the BoA issue that you purchased, you'll get the page below. Also see https://client.schwab.com/Trade/Bond...IssuesDN=false
The issue has a 5.4% coupon and pays interest semi-annually on 7/25 and 1/25 so you should receive $27/bond on 7/25/23 and every 6 months thereafter until maturity on 1/25/28 unless it is called before maturity. First call is at 100 on 1/25/24 and every six months therefter.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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01-28-2023, 08:59 AM
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#1296
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Thinks s/he gets paid by the post
Join Date: Jul 2008
Location: Weatherford, Texas
Posts: 1,213
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Quote:
Originally Posted by pb4uski
If you log onto Schwab and look up at CUSIP, you'll get the page below. Also see https://client.schwab.com/Trade/Bond...IssuesDN=false
The issue has a 5.4% coupon and pays interest semi-annually on 7/25 and 1/25 so you should receive $27/bond on 7/25/23 and every 6 months reafter until maturity on 1/25/28 unless it is called before maturity. First call is at 100 on 1/25/24 and every six months therefter.
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Thanks!
__________________
Life is good. Then you die.
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01-28-2023, 09:07 AM
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#1297
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,358
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My question is... what was you rationale for buying it if you didn't know this information?
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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01-28-2023, 09:11 AM
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#1298
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Thinks s/he gets paid by the post
Join Date: Jul 2008
Location: Weatherford, Texas
Posts: 1,213
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Quote:
Originally Posted by pb4uski
My question is... what was you rationale for buying it if you didn't know this information?
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The information I needed was pay schedule which this provides...
__________________
Life is good. Then you die.
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01-28-2023, 09:26 AM
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#1299
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Full time employment: Posting here.
Join Date: Mar 2019
Posts: 759
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Quote:
Originally Posted by lawman
I have now purchased 20 - 25 Broker C. D's , corporate bonds, treasuries and FHLB notes..I have printed all my confirmations from Schwab..Although those have most of the information I need they do not tell me what the payment schedule is. I've gone back through my Schwab account history and I can see the interest payments I have received so far but based on the payment dates I cannot determine when or how often each security should pay. I would expect it would be monthy, quarterly, semi annually or at maturity but nothing tells me when each one pays..What am I missing?
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Go on your Schwab account web page, go to Positions and click on the individual security. The popup should give you most of the details you want.
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01-28-2023, 09:32 AM
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#1300
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Thinks s/he gets paid by the post
Join Date: Jul 2008
Location: Weatherford, Texas
Posts: 1,213
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Quote:
Originally Posted by jldavid47
Go on your Schwab account web page, go to Positions and click on the individual security. The popup should give you most of the details you want.
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It does indeed...Thanks
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Life is good. Then you die.
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