Search found 1138 matches

by Angst
Fri Sep 04, 2015 9:18 am
Forum: Investing - Theory, News & General
Topic: No three-month penalty on I-Bond redemptions right now?
Replies: 2
Views: 150

Re: No three-month penalty on I-Bond redemptions right now?

If you go and find your I Bond on #cruncher's website you can easily figure out its most recent as well as upcoming interest payments.
by Angst
Thu Sep 03, 2015 11:05 am
Forum: Investing - Theory, News & General
Topic: Bill Gross: cash is your best investment right now
Replies: 41
Views: 5053

Re: Bill Gross: cash/ST bonds are your best investment right now

Just what the heck do you think he said? Not "cash", but this: Cash or better yet “near cash” such as 1-2 year corporate bonds are my best idea of appropriate risks/reward investments. Aw heck, so it's a subtle point, but I simply agreed that the subject heading could easily (and therefor...
by Angst
Thu Sep 03, 2015 10:00 am
Forum: Investing - Theory, News & General
Topic: Bill Gross: cash is your best investment right now
Replies: 41
Views: 5053

Re: Bill Gross: cash/ST bonds are your best investment right now

Grt2bOutdoors wrote:The title of the thread should be changed, that's not what Gross said.

Agreed.
by Angst
Wed Sep 02, 2015 12:20 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 968
Views: 191635

Re: What Book Are You Currently Reading? Part VI

Just finished The Martian. Despite the hype, it was pretty disappointing. The science was pretty interesting, but the author spent basically zero time on character development. The genre of castaway fiction begs for some introspection by the protagonist and there was basically none in this book. It...
by Angst
Wed Sep 02, 2015 11:43 am
Forum: Investing - Theory, News & General
Topic: Really nice piece on benefits of active management by Ellis
Replies: 1
Views: 371

Re: Really nice piece on benefits of active management by Ellis

Larry, thank you for posting the link to Charlie Ellis's Financial Analysts Journal article, including his amusing high-altitude prose, as well as his down-to-earth conclusions:

Image

- Angie
by Angst
Thu Aug 27, 2015 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Was about to change from 100% equity to 80%. Now what?
Replies: 71
Views: 7346

Re: Was about to change from 100% equity to 80%. Now what?

If you haven't already come across this aphorism, it's apropos: "The enemy of a good plan is the pursuit of a perfect plan." It's something like that - close enough, you get the point, I hope! [snip...] Econ grad student here. It is in my nature to ruthlessly optimize everything. Stock in...
by Angst
Thu Aug 27, 2015 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Was about to change from 100% equity to 80%. Now what?
Replies: 71
Views: 7346

Re: Was about to change from 100% equity to 80%. Now what?

If you haven't already come across this aphorism, it's apropos: "The enemy of a good plan is the pursuit of a perfect plan." It's something like that - close enough, you get the point, I hope! Your interest and research in investing theory is admirable, but at your age, you likely would be...
by Angst
Wed Aug 26, 2015 4:52 pm
Forum: Personal Consumer Issues
Topic: Has anyone actually used gold or silver coins for a purchase?
Replies: 57
Views: 4422

Re: Has anyone actually used gold or silver coins for a purchase?

When I was a kid it was commonplace to use a silver dime or quarter. I'd find a Mercury dime or Buffalo Head nickel every now then too. Sure was fun as a kid. I wonder what's fun for them these days... Pre-presidential quarters? The earlier Jefferson nickels? Wheatstraw pennies still? But there's n...
by Angst
Wed Aug 26, 2015 4:01 pm
Forum: Investing - Theory, News & General
Topic: S & P 500's Global Sales
Replies: 13
Views: 1149

Re: S & P 500's Global Sales

Wow! That's the most spectacular example of what Edward Tufte calls "chartjunk" that I've seen in years! Chartjunk {snip...] Besides, the Australia pie wedge is actually showing the flag of Denmark, not Australia. :twisted: About way you could "improve" it would be to add a soun...
by Angst
Wed Aug 19, 2015 10:28 pm
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 181
Views: 23941

Re: Bernstein: "If you've won the game, stop playing."

Do you believe that the rate of inflation will exceed 3.53% is the right question. How could you possibly guess? Why would your "belief" be relevant? Do you even have a vague notion of what the geopolitical situation of the world or its economy will be like in 2035? I got my first mortgag...
by Angst
Wed Aug 19, 2015 4:55 pm
Forum: Investing - Theory, News & General
Topic: Bogle: retirees should focus on dividends
Replies: 157
Views: 15593

Re: Bogle: retirees should focus on dividends

The savings math is identical for the guy making $30,000 and the guy making $300,000. Both save a certain percentage of their income. Both target a goal of 25x their annual spending at retirement. Both use the 4% rule in retirement. Yes, I know these people also. And some manage to live this way ye...
by Angst
Wed Aug 19, 2015 1:41 pm
Forum: Investing - Theory, News & General
Topic: Greenspan: we've got a bond bubble, Houston
Replies: 71
Views: 6214

Re: Greenspan: we've got a bond bubble, Houston

Nisiprius, let me say aloud what I have thought so very many times: thank you for being such a calming voice amidst the hysterical noise. I have saved several of your posts to refer back to, to keep me from going over the edge. Sometimes a picture really is worth a thousand words. Well, this pic do...
by Angst
Wed Aug 19, 2015 8:31 am
Forum: Investing - Help with Personal Investments
Topic: VWO - Emerging Markets
Replies: 27
Views: 2817

Re: VWO - Emerging Markets

*Let's assume you buy VWO at 35, after a RBD. It goes up roughly 3% in a week, to 36. Granted, if you bought a couple of thousand shares at 35, you'd have a nice trade. I, for one, don't have that kind of money to throw around in my trading account. I haven't been doing this, but i've watched it sw...
by Angst
Mon Aug 17, 2015 1:01 pm
Forum: Investing - Theory, News & General
Topic: Do you believe in the Shamita?
Replies: 20
Views: 798

Re: Do you believe in the Shamita?

If there was a clever song to go along with it, like Shapoopie, then I might be more interested.
by Angst
Sat Aug 15, 2015 12:36 pm
Forum: Investing - Theory, News & General
Topic: "Weighing the concerns about bond market liquidity."
Replies: 22
Views: 1621

Re: "Weighing the concerns about bond market liquidity."

To me, it's all pretty much just a big yawn. Most of my fixed income is in US govt back securities and I am unconcerned about liquidity and the long impending Fed rate hike. We survived 2008 and we survived the Taper Tantrum. Nothing in the Vanguard article gave me any reason to think it might be di...
by Angst
Sat Aug 15, 2015 11:49 am
Forum: Investing - Theory, News & General
Topic: the 12 commandments of gold bugs
Replies: 62
Views: 4388

Re: the 12 commandments of gold bugs

i do enjoy listening to ritholtz's interviews, and worth posting his bloomberg masters in business link here: http://www.bloombergview.com/topics/masters-in-business or if you're like me, you can peruse the mp3 downloads through the rss xml version: http://www.bloomberg.com/feed/podcast/masters-in-b...
by Angst
Fri Aug 14, 2015 9:08 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 626
Views: 70397

Re: QSPIX - thoughts on interesting fund

I'm in packer16 's camp here: my "Show Me" sensibilities have yet to be sated and my "too good to be true" radar flickers... I can't help having the impression that many AQR boosters posting here (save Larry, perhaps) have not fully bought into their future with QSPIX - i.e. I s...
by Angst
Thu Aug 13, 2015 8:18 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 626
Views: 70397

Re: QSPIX - thoughts on interesting fund

I would say that the composite backtest numbers (17.4% annualized excess return above risk-free rate with 10.3% standard deviation, -0.09/0.09/0.13 correlation to equities/bonds/commodities), even after discounting for transaction costs or lost opportunities from real-world implementation that is c...
by Angst
Thu Aug 13, 2015 12:22 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 626
Views: 70397

Re: QSPIX - thoughts on interesting fund

I'm in packer16 's camp here: my "Show Me" sensibilities have yet to be sated and my "too good to be true" radar flickers... I can't help having the impression that many AQR boosters posting here (save Larry, perhaps) have not fully bought into their future with QSPIX - i.e. I se...
by Angst
Fri Aug 07, 2015 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: TIPS fund losing value
Replies: 6
Views: 1135

Re: TIPS fund losing value

Welcome to the forum! So the first thing I'd do is contact your administrator, or whatever entity it is that runs this "proprietary" TIPS fund. You say it claims to track the Barclays US TIPS Index, so present your questions to them and see what they say. There might be a good reason to ex...
by Angst
Thu Aug 06, 2015 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Individual Insured Puerto Rico Bonds- Hold or try to sell?
Replies: 17
Views: 1612

Re: Individual Insured Puerto Rico Bonds- Hold or try to sell?

Why would the bonds be trading, though lightly and by traders it seems, at prices in the mid .90's on the dollar, if there was not a strong probability they would pay? If I actually could get those kind of prices would I be wise get out while the getting was good? As I mentioned earlier , only one ...
by Angst
Thu Aug 06, 2015 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Individual Insured Puerto Rico Bonds- Hold or try to sell?
Replies: 17
Views: 1612

Re: Individual Insured Puerto Rico Bonds- Hold or try to sell?

Looking at your specific bonds at Vanguard brokerage, none of them show both Bids and Asks, one of them has neither. Listing all PR bonds shows that few of any of them have both Bids and Asks, and the spreads are typically 2-4 dollars, upwards of 8 dollars on a few of them, as I recall. I don't real...
by Angst
Thu Aug 06, 2015 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Individual Insured Puerto Rico Bonds- Hold or try to sell?
Replies: 17
Views: 1612

Re: Individual Insured Puerto Rico Bonds- Hold or try to sell?

Any help?? As Valuethinker mentioned, there are some recent PR bond threads where other people have already been discussing these kind of bonds. Perhaps you'd have more luck asking for help there? https://www.bogleheads.org/forum/viewtopic.php?f=10&t=170670&newpost=2579136 https://www.bogle...
by Angst
Wed Aug 05, 2015 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA located in 401K or traditional IRA
Replies: 7
Views: 629

Re: SPIA located in 401K or traditional IRA

thanks. much mis-information about this, but these seem like a good source. -jalbert jalbert, here are two more links, ones with more comprehensive and objective docs about the law on QLACs. i don't know a lot about them but i see their appeal re: the reduction of RMDs, even though i'm not yet at t...
by Angst
Wed Aug 05, 2015 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA located in 401K or traditional IRA
Replies: 7
Views: 629

Re: SPIA located in 401K or traditional IRA

That would be a QLAC - Qualified Longevity Annuity Contract
No time right now to say much, but these links might help, or just Google for more.

http://www.marketwatch.com/story/13-rea ... 2014-11-18
http://marketing.stantheannuityman.com/ ... 009:d-0003
by Angst
Wed Aug 05, 2015 5:14 pm
Forum: Investing - Theory, News & General
Topic: The Long-Term Decline of Interest Rates
Replies: 63
Views: 6643

Re: The Long-Term Decline of Interest Rates

Todd and Kevin, I'm certainly enjoying the thread - thank you! And thankyou Todd in particular for the link to the Council of Economic Advisers executive summary. It's interesting to read and fun to think about, and I also enjoy reading Bernanke's blog postings as well as Summers' response re: rates...
by Angst
Tue Aug 04, 2015 5:56 pm
Forum: Personal Consumer Issues
Topic: Aloha Shirt: Yes or No
Replies: 78
Views: 6375

Re: Aloha Shirt: Yes or No

bertilak wrote:I have one I wear occasionally. Starting to get a bit faded. Perhaps I need another. Tommy Bahama is too much for me, though. I'll check out Costco. They must have something at Kohls.

Yes - my preferred boutiques for Tommy Bahama are the Salvation Army store and Goodwill. :wink: No shame here!
by Angst
Tue Aug 04, 2015 3:49 pm
Forum: Personal Consumer Issues
Topic: Aloha Shirt: Yes or No
Replies: 78
Views: 6375

Re: Aloha Shirt: Yes or No

Hey, there's nothing wimpy about transporting one's state of mind to the tropics with a choice Tommy Bahama! Just watch out for what's on your feet. Skip the deck shoes, wear sandals.
by Angst
Wed Jul 29, 2015 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Moving from TIPs fund to TIPs ladder???
Replies: 49
Views: 2975

Re: Moving from TIPs fund to TIPs ladder???

ughhh... while composing my reply to stlutz's post , #cruncher comes to the rescue. Well, I'll just leave my post because it's still part of the root of my perspective and logic for maintaining a small TIPS ladder. Here it is, and thanks #cruncher for your post above. Has anyone here or in print els...
by Angst
Tue Jul 28, 2015 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from TIPs fund to TIPs ladder???
Replies: 49
Views: 2975

Re: Moving from TIPs fund to TIPs ladder???

... re. building a ladder within Vanguard Brokerage ... is there at least a summary page for the TIPs ladder that shows current market value etc? An IRA statement from Vanguard has a summary section like: Traditional IRA account $100,000 Vanguard funds $40,000 Brokerage assets $60,000 So if TIPS ar...
by Angst
Wed Jul 22, 2015 12:48 pm
Forum: Investing - Theory, News & General
Topic: Correlations, eh?
Replies: 18
Views: 3192

Re: Correlations, eh?

Thank you nisi for presenting Wealthfront's graphic of asset class correlations. You, as well as any Boglehead, is surely aware of the pouncing upon that can ensue when one has the temerity to make a post suggesting the existence of any negative correlations between equity and us govt bonds. :happy ...
by Angst
Sat Jul 18, 2015 8:49 am
Forum: Investing - Theory, News & General
Topic: 10-Year TIPS Auction July 23 2015
Replies: 29
Views: 2850

Re: 10-Year TIPS Auction July 23 2015

abuss368 wrote:Are TIPS popular anymore with inflation expectations so low?

Yes abuss, TIPS are popular with some people, but their popularity doesn't have a lot to do with "inflation expectations". It does however have something to do with inflation un-expectations.
by Angst
Tue Jul 14, 2015 5:39 pm
Forum: Investing - Theory, News & General
Topic: DFA to run ETFs for John Hancock
Replies: 29
Views: 3778

Re: DFA to run ETFs for John Hancock

Unless I've missed information to the contrary, DFA is just the fund adviser (the portfolio manager, who picks the securities and so on). Lots of mutual fund companies run some or all funds using in-house managers. But for some others, they may instead hire another group to be the fund adviser. The...
by Angst
Tue Jul 14, 2015 4:17 pm
Forum: Investing - Theory, News & General
Topic: DFA to run ETFs for John Hancock
Replies: 29
Views: 3778

Re: DFA to run ETFs for John Hancock

And as Rick has stated, there was a certain inevitability to this given the amount of money to be made. In my view, the issue is not the decision to move into the ETF market. Rather it is their choice of partner (JH). Yes, it sure does sound kinda sleazy up front! But for someone in a lousy (JH) 40...
by Angst
Tue Jul 14, 2015 9:02 am
Forum: Investing - Theory, News & General
Topic: DFA to run ETFs for John Hancock
Replies: 29
Views: 3778

Re: DFA to run ETFs for John Hancock

I have to say I'm a little amused by all the barbs and attitude directed at DFA. "John Hancock"... now that's always amusing! But the idea that DFA is beginning to develop its ETF expertise and put product out there on the market is nothing but good news to me. I don't care how difficult i...
by Angst
Sun Jul 12, 2015 2:37 pm
Forum: Investing - Theory, News & General
Topic: Larry Portfolio Shortfall
Replies: 37
Views: 2836

Re: Larry Portfolio Shortfall

This the LP defined in the NYT article and subsequent discussion on this board here: http://www.bogleheads.org/forum/viewtopic.php?p=1256836#p1256836 https://www.bogleheads.org/forum/viewtopic.php?t=146139 In the reference provided, I did not see a specific set of allocations to compare to a tradit...
by Angst
Sun Jul 12, 2015 1:50 pm
Forum: Investing - Theory, News & General
Topic: Larry Portfolio Shortfall
Replies: 37
Views: 2836

Re: Larry Portfolio Shortfall

packer16 wrote:30/70 LP (30% DFSVX, 70% VBMFX)

This is not the "Larry Portfolio". There is a current thread titled How do you do the Larry Portfolio?, in which the LP is discussed and defined. The returns might be better or worse than what you got, I'm not sure, but they will be different.
by Angst
Sat Jul 11, 2015 1:20 pm
Forum: Investing - Theory, News & General
Topic: How do you do the Larry Portfolio?
Replies: 48
Views: 3876

Re: How do you do the Larry Portfolio?

That's the kind of risk ( inflation destroying long-term bond returns , the SCV premium not being there, sluggish emerging markets) that won't show up as simple volatility on the back-test ... It's more an unknown existential risk The LP is limited to 5-yr treasury notes, and I assume Larry would l...
by Angst
Fri Jul 10, 2015 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Age 30, Moving from 15% to 25% tax bracket: Should I sell all my I-Bonds and rebuy them?
Replies: 7
Views: 900

Re: Age 30, Moving from 15% to 25% tax bracket: Should I sell all my I-Bonds and rebuy them?

Makes sense to me. I'm paring back my I-Bonds too, at least those paying 0 fixed rate. Before you sell any that are less than 5 years old, be sure you've booked 3 months of zero % returns. I rely on #cruncher's website for figuring out this kind of thing. Can't recommend it enough: http://eyebonds.i...
by Angst
Thu Jul 09, 2015 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Forget about Bonds?
Replies: 41
Views: 4440

Re: Forget about Bonds?

watchnerd wrote:So bad...shameful, even.

And WTH is 'Exponential Technology'?

No, no! It'll complement your "derivative technology" allocation really well.
by Angst
Thu Jul 09, 2015 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Forget about Bonds?
Replies: 41
Views: 4440

Re: Forget about Bonds?

"Exponential Technology"
Wow! Where do I get that? :shock:
by Angst
Thu Jul 09, 2015 5:36 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg - "The Hugely Profitable, Wholly Legal Way to Game the Stock Market" (Front running index fund purchases)
Replies: 43
Views: 4652

Re: Bloomberg - "The Hugely Profitable, Wholly Legal Way to Game the Stock Market" (Front running index fund purchases)

I think this later article by Matt Levine at Bloomberg (One of my favorite financial columnists) is much better and much fairer. http://www.bloombergview.com/articles/2015-07-07/can-you-really-game-index-funds- "What should you make of this? A couple of things. First: The value of market-makin...
by Angst
Thu Jul 09, 2015 9:09 am
Forum: Investing - Theory, News & General
Topic: What Brokers Let You Sort Individual Bonds by YTW?
Replies: 2
Views: 243

Re: What Brokers Let You Sort Individual Bonds by YTW?

My experience in buying/selling individual bonds is limited to TIPS and I've done all of it through Vanguard Brokerage, but I can see that you can sort all bonds, TIPS, corporates, munis, etc. by YTW if you like.
by Angst
Wed Jul 08, 2015 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: NYSE trading halted [for more than 3 hours]
Replies: 32
Views: 3112

Re: NYSE trading halted

yes, end of days is nigh.
by Angst
Mon Jul 06, 2015 4:55 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 113
Views: 12289

Re: TIPS - Did you give up?

What is the advantage of TIPS over I bonds? Off the top of my head, better rates and no purchase limits. In terms of the 0% yield for I Bonds compared to a negative yield with TIPS? Are you serious? http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=re...
by Angst
Mon Jul 06, 2015 9:20 am
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 113
Views: 12289

Re: TIPS - Did you give up?

sawhorse wrote:What is the advantage of TIPS over I bonds?

Off the top of my head, better rates and no purchase limits.
by Angst
Sun Jul 05, 2015 9:22 am
Forum: Investing - Theory, News & General
Topic: U.S. Bond Market Bubble
Replies: 44
Views: 4600

Re: U.S. Bond Market Bubble

...I'm not sure treasuries are as safe as we all think. The govt has a massive amount of debt. Corporations aren't even close to that number. As far as I'm aware, no government has ever paid off its debt, but that may be beside the point. The federal government has methods available to it that no c...
by Angst
Sat Jul 04, 2015 9:06 am
Forum: Investing - Theory, News & General
Topic: U.S. Bond Market Bubble
Replies: 44
Views: 4600

Re: U.S. Bond Market Bubble

Current ten year treasury yield is 2.4% The last historical era where we were at that level was in 1942. Annualized returns of long-term government bonds for the 40 years 1942-1982 was 2.3% Annualized inflation over that same period was 4.6% For the period 1942-1991 an investor in long-term governm...

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