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fareastwarriors

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    iSavings bonds yielding 7.12% currently

    in General Discussion

    Posted

    1 hour ago, RedLion said:

    Is there a way to sell the treasuries that you buy at treasury direct without transferring them to a brokerage account? Liquidity would be my main reason to do this in a brokerage account, but I do have a treasury direct account and did buy some $100 increments of TIPS just to see that it could be done. For me this is a cash/money market substitute that I want to be readily liquid, so I really like being able to sell them right away commission free through Schwab. 

     

     

    You could always do a ladder but yeah, you can't just sell. 

    iSavings bonds yielding 7.12% currently

    in General Discussion

    Posted · Edited by fareastwarriors

    4 minutes ago, rohitc99 said:

    agree ..just that the interface is quite bad. is there is minimum threshold or can buy smaller lots

    Yes, the interface is clunky but it gets the job done. 

     

    $100 min, with $100 increments.

     

     

    at a glance
    Original Issue Rate: The yield determined at auction.
    See rates in recent auctions
    Minimum purchase: $100
    Maximum Purchase
    (in a single auction):     		Non-competitive: $10 million
    Competitive: 35% of offering amount
    (See types of bidding in "Auctions in Depth")
    Investment Increment: Multiples of $100
    Issue Method: Electronic

    ataglance_bottom.gif

     

    https://www.treasurydirect.gov/indiv/products/prod_tips_glance.htm

    Where Does the Global Economy Go From Here?

    in General Discussion

    Posted

    2 minutes ago, changegonnacome said:

     

    HHC aren't dummies.......I'm sure they've tried it.....considered it......clearly something in the model 'breaks' if they do as you say.....perhaps they are foolish and from pure pig headedness have invested a couple of hundred million dollars that they dont care about......& are just happy to utilize this asset at 20% (32hrs) of its theoretically max capacity (24hr x 7 days = 168hrs).......I dont think so......i think the economy is overheating........the inflation figures agree with me.

     

    I hear ya. I was just ranting to rant. HHC was just in my crossfire.  LOL .

     

     

    .

    One last point to share through my past few years of Fun-FIRE-ing. I did my share of low level work like restaurants, deliveries, markets, etc. I noticed pay is often times not the main factor in good people quitting. It's often just being mismanaged or being treated like idiots or like a number on an Excel. Don't get me wrong, I've seen plenty of slackers, shitheads, and flakes too but there are many, many good people just trying to do their job, well. But I believe oftentimes companies/managers make it too hard.  Just my personal observations.

     

    Ok, I'm done. Back to football.
     

     

     

    Where Does the Global Economy Go From Here?

    in General Discussion

    Posted · Edited by fareastwarriors

    54 minutes ago, changegonnacome said:

    yet my Howard Hughes friends cant staff up a hundred million dollar food hall in lower Manhattan such that it operates 7 days a week......... even though they've been diligently trying for months & months to hire.

     

    Maybe they just need to pay a bit more and have consistent hours and schedules.. There are plenty of service workers working at other restaurants/markets clearly. HHC can't do better than some random mom-and-pop operators? Woe is me. 

     

    I've been working as a line cook for past 3 months. The place churned through dozens of dishwashers and 7/8 cooks.  I'm in Bay Area, Ca. The dishwasher base is $17/hr + 10% share of of tips. I get the bountiful $18/hr.  

     

    People were getting scheduled for 5/6 hours only when they wanted 7-8 hours or full time. Some weeks they get 30-40 hours and then next they are only scheduled for 20-30 hours. No consistency. 

     

    Then our schedules keep changing almost every week. Some weeks, I'm working Sun-Wed.  Next week, I'm scheduled for Wed-Sun. I see others with opening shifts one week and then next week, they are on closing shifts. No consistency. 

     

    With the constant changes, how can employees plan their lives? How can they work a 2nd job, go to school, or take care of their families? The hours and schedules are way too inconsistent. It's too hard. 

     

    We were maybe fully staffed for like 2 weeks but now we constant staff shortage. I went from working 2/3 days per week to 4/5 days to help cover. 


    This is not a  mom-and-pop company. The restaurant group has dozen of units and a Michelin star at one of their place. 

     

    Luckily for me, I'm basically fun-FIRE so I can be extremely flexible. But I'll probably work another few months and move on. 

    the death of the urban office building

    in General Discussion

    Posted · Edited by fareastwarriors

    3 hours ago, Gregmal said:

    Ya so is their residential markets. But don’t feel bad for them, they’ve had two decades like few will ever see. It’s a result of their wokeness. Tech, aka them, drives work from home. All the new age mantra they embrace will be their undoing. I’d be much more comfortable in Boston which is a life science and financial hub, or NY which is heavily old school financial machismo and a good mix of everything else. Chicago is dead and SF is not dead but due for a major correction.

     

    From my first to last day (2011-2018) of working in downtown SF, it was a ghost town after 7pm. Sometimes I go into the office during the weekend and the whole area was absolutely empty. Nothing was opened and nobody in the streets. They should've built ten of thousands of resi units and made it a 24/7 area. Clearly the demand was there. Now they are stuck with all these empty buildings and out of control homelessness and crime.

     

    Still way too fuking expensive for everything though. If people can get SF for half price,  homelessness and crime wouldn't be such big issues 🤣

    Lost Decade

    in General Discussion

    Posted · Edited by fareastwarriors

    14 minutes ago, Spekulatius said:

    It may not matter for him as an active investor but a lot of us have a portion of their capital in 401K's where you can only chose index funds and maybe some actively matched funds. Many hug the SP500.

     

    What Should those folks do then? Not invest in SP500 index funds? 

     

    For me, I'll recommend they should DCA into those Funds every paycheck and measure performance over decadeS and whole working life and longer.  

     

     

     

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