Category: Uncategorized

Although I have bought Savings Bonds a few times, I have never bought Treasury Bills or Treasury Bonds before. The bills are short-term notes of 1 year or less (4, 8, 13, 17, 26, and 52 weeks being the most common). Treasury Bonds are long term: 10 or 20 years. Treasury Notes are in between (2, 3, 5, 7, or 10 years, with the 10 year note being the one that commercial mortgage rates are based on). Usually the yield on the bills has been so low it isn’t really worth bothering with. I could get about as much with a CD or money market. I have a savings account right now earning 3%. Nothing can compare to the Series I Savings bonds I have which are getting 9.6% interest at the moment, but I have maxed out my purchases for the year on those and they hold your money for at least 1 year and penalize you 3 months interest if you cash them in before 5 years, plus the rate changes every 6 months, and it will be less soon. I had a lot in some short-term corporate bund funds, but because interest rates are still going up, I have lost money on those: their share price has dropped about 4% and they still only yield about 2% in dividends. Continue reading “T Bills”

My 6 year old HP laptop that I had been using as a desktop had been getting slow lately, so I started looking for a replacement. I had gotten a Lenovo 2 years ago to use as my portable computer, but had to install bolts to hold the lid on when its hinges failed. I didn’t feel like getting another Lenovo and a lot of people with Dells had issues, so I didn’t want to go that way either. Even the HP had more problems than I would have liked, but I was running out of companies. I thought with Black Friday coming up there might be some deals. Despite inflation and chip shortages, I think a lot of people upgraded or bought laptops recently and lately demand has dropped so prices seem to have come down to more reasonable levels.
Continue reading “Acer Aspire 5 A515-56-53S3”

I’ve written about Black Friday movie shopping many times in the past. During that time Black Friday changed from Friday to Thursday night to Thursday morning and then the entire month of November. This year it is now a week before Thanksgiving and it is essentially over. What makes it more complicated is that while a few stores still create advertising circulars with all of their deals, Best Buy has completely stopped doing that and the deals just sort of show up and disappear without warning.

The entire month of November has always been when Barnes & Noble runs a 50% off sale on all Criterion movies. Criterion blu-rays in this sale are usually $20, but now they are finally also releasing 4k movies which are usually $25. I had enough points at Sony Rewards to redeem a $25 Barnes & Noble gift card, so I just had to pick what I wanted . . . and couldn’t really find anything. Wall-E, has a Criterion edition coming out on 4k at the end of the month, the first time Disney has done a Criterion release, but Disney usually includes a lot of nice extras with their movies and I already had Wall-E on blu-ray. With the gift card I could get one 4k movie for free, but it seemed like it would be better to get two movies for $25. In the end I picked a couple of older Criterion blu-ray releases, Five Easy Pieces¹ and The Uninvited² and only had to pay about $13.
Continue reading “Gray November”

I have been playing Wordle for a while, starting about 100 days after it first started. Like a lot of people I wanted to try to solve it in as few guesses as possible which meant having a good starting word. Early on, I found sources that said the best word to start with was CRATE. I put together some of my own statistics by playing older games on the Wordle archive and also seeing how I did with different starting words. The most common letters appearing in Wordle are, in order, E, A, R, O, and T (the next 5 are L, I, S, N, and C) so I decided the best starting word would be ORATE, which uses all 5 of the top letters. At some point, the New York Times bought Wordle and started running it, and since I already had a New York Times games subscription (mostly to play Spelling Bee), I was able to use their Wordlebot analyzer that analyzes how skillful and lucky your guesses are and tells you things like how many likely words are remaining. It does this after you finish the puzzle, so it isn’t cheating. Wordlebot’s current preferred starting word is LEAST which it assigns a skill level of 99. But my own statistics also look at which letters are most commonly placed where and I came up with this table, based on Wordle answers 1 through 465:
Continue reading “Wordle 505 2/6*”

Nobody has won the Powerball lottery in a while and the jackpot has now risen to $1.6 billion, the biggest jackpot in history. In 2013, I wrote about how to calculate whether the odds were in your favor to play the lottery. It almost never is, but because money from past weeks accumulates, it is possible at least. It is made especially challenging if you take into account the taxes you will pay on the winnings, which will be taxed at the maximum rate of 37% federal and 5.75% for Georgia state income tax. When I ran through the calculations last, I figured the Powerball jackpot break even jackpot would need to be $1.65 billion. That was then. The lottery really inflates the value of the jackpot by adding together all of the payments over 30 years. Using time value of money calculations, the “present value” is much less. And they skew it even further by using a graduated payment where you get paid more as time goes, putting more of your payments further into the future and making the present value even less. So for the last big jackpot in January 2016, the cash value of the jackpot was only 62% of the total jackpot. But tonight’s jackpot of $1.6 billion has a cash value of only $782 million or about 49% of the advertised jackpot. I don’t know when they went to the graduated payments, but a big difference this time around is that interest rates are higher. The lottery sets aside some amount of each ticket sale to fund the big prize. The money they collect plus whatever they got in past jackpots that went unwon is the cash value of the jackpot. Then they calculate a total jackpot by doing some time value of money calculations and figuring that money that sits in their savings account will earn a certain amount of interest until it needs to be paid to the winner. Just like a savings account with a higher interest rate will leave you with more money in the future, the higher interest rates means they can pay out a lot more in the future than they can now even if they start with the same amount of money. So tonight’s record-breaking jackpot of $1.6 billion beats out the January 2016 jackpot of $1.59 billion dollars, but back then the cash value of the jackpot was $983 million, way more than the $782 million at stake tonight.

When I run through my calculations to determine a break even jackpot, I always use the cash value, so that I can compare today’s $2 ticket price to today’s cash prize. Back in 2016, the break even advertised jackpot was just over $1.6 billion. But with higher interest rates and the graduated payout scheme, the break even jackpot today is a staggering $2.2 billion, even though the odds of winning have not changed. So I am sitting this one out.