Search found 390 matches

by Archie Sinclair
Mon Jul 06, 2015 6:21 pm
Forum: Investing - Theory, News & General
Topic: VTIAX price drop discrepency
Replies: 20
Views: 1564

Re: VTIAX anomaly on Vanguard's website

The Investor class is down 1.60%, while the Admiral class is down $1.58. One possibility is that someone at Vanguard got confused between the % and the $.
by Archie Sinclair
Wed Jul 01, 2015 9:03 pm
Forum: Investing - Theory, News & General
Topic: The Fund Name is Not Enough
Replies: 24
Views: 2455

Re: The Fund Name is Not Enough

If you're dealing with a company that can't produce an adequate Summary Prospectus, that provides very valuable information in itself about the company. Yep And what would that information be? Producing it would be an extra layer of costs. I can see why marketing would want it, but that is about it...
by Archie Sinclair
Wed Jul 01, 2015 7:58 pm
Forum: Investing - Theory, News & General
Topic: The Fund Name is Not Enough
Replies: 24
Views: 2455

Re: The Fund Name is Not Enough

It doesn't take long to read a prospectus. I guess a lot of people don't bother. blink. blink. What prospectus are you reading? Most prospectus that I read and long, dense, and are written by lawyers to conform to SEC regulations and prevent lawsuits - not to inform the average investor. I have see...
by Archie Sinclair
Tue Jun 30, 2015 7:03 pm
Forum: Investing - Theory, News & General
Topic: Being Mr. Bogle's Company has 3 Trillion Dollars
Replies: 15
Views: 2186

Re: Being Mr. Bogle's Company has 3 Trillion Dollars

Although I have tremendous admiration for Mr. Bogle, I don't think this is completely accurate. Mr. Bogle didn't have a completely free hand in Vanguard's structure. Mr. Bogle was fired from Wellington Management Company by his business partners, who controlled a majority on its board of directors....
by Archie Sinclair
Mon Jun 29, 2015 6:54 pm
Forum: Investing - Theory, News & General
Topic: Being Mr. Bogle's Company has 3 Trillion Dollars
Replies: 15
Views: 2186

Re: Being Mr. Bogle's Company has 3 Trillion Dollars

Although I have tremendous admiration for Mr. Bogle, I don't think this is completely accurate. Mr. Bogle didn't have a completely free hand in Vanguard's structure. Mr. Bogle was fired from Wellington Management Company by his business partners, who controlled a majority on its board of directors. ...
by Archie Sinclair
Mon Jun 15, 2015 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Unwise to keep funds at one bank?
Replies: 32
Views: 4035

Re: Unwise to keep funds at one bank?

I was told, but did not verify, that the FDIC insurance has 99 years (fine print) to make good on the money. If that is the case, you may want to have diversity. It just ain't so. 5 Common Misconceptions About FDIC Insurance ... and the Real Facts .... MISCONCEPTION 5: The FDIC can take up to 99 ye...
by Archie Sinclair
Fri Jun 12, 2015 9:30 pm
Forum: Investing - Theory, News & General
Topic: VT the most diversified equity ETF?
Replies: 12
Views: 2361

Re: VT the most diversified equity ETF?

Also, the overhead of rebalancing between VTI + VXUS yourself to follow world market cap weighting could be significant over a period of decades. If you want to hold the market cap weighting, VTI and VXUS will actually automatically adjust, just because of math. For example, if the market cap of US...
by Archie Sinclair
Sat Jun 06, 2015 4:46 pm
Forum: Investing - Theory, News & General
Topic: FDIC CD rate caps?
Replies: 9
Views: 1451

Re: FDIC CD rate caps?

I'm not making anything complicated, I simply asked a question about FDIC caps, which I had never come across before. I found the answer on how the cap is defined and the extent of applicability. You both read things into my question that weren't there, about some complicated scheme I was going to ...
by Archie Sinclair
Wed May 27, 2015 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Dollar ETF
Replies: 6
Views: 393

Re: Investing in Dollar ETF

Hi everyone, I have been on this forum for a long time but this is my first time posting. I am thinking about putting some money in a dollar ETF (Most likely WisdomTree Dollar Bullish Fund) because I think the dollar will keep on rising and the WisdomTree ETF is commission free for me. What do the ...
by Archie Sinclair
Wed May 27, 2015 7:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard looking to license its ETF patent
Replies: 9
Views: 1527

Re: Vanguard looking to license its ETF patent

Recent court cases have cast doubt on the validity of many "business-method" patents: http://www.abajournal.com/magazine/article/business_method_and_software_patents_may_go_through_the_looking_glass_after . The key principle in these cases is that only inventions, not "abstract ideas,...
by Archie Sinclair
Tue May 26, 2015 9:06 pm
Forum: Personal Consumer Issues
Topic: 5000 btu open window air conditioner
Replies: 13
Views: 1443

Re: 5000 btu open window air conditioner

I recommend the Commando 8. Why settle for 5,000 BTUs when you can have 12,000 BTUs? :)

https://www.youtube.com/watch?v=LJLvqdum6-E
by Archie Sinclair
Tue May 26, 2015 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: American Express sneakery
Replies: 37
Views: 5108

Re: American Express sneakery

I don't understand your point. According to your screenshot, your billing cycle doesn't end until May 28. That is why you have no payment due. How can they calculate your minimum payment until your billing cycle ends? Maybe you will charge a Rolex on May 27. Yeah, I don't get it either. Showing zer...
by Archie Sinclair
Mon May 25, 2015 3:22 pm
Forum: Personal Consumer Issues
Topic: Essential Security Computer Programs
Replies: 12
Views: 1484

Re: Essential Security Computer Programs

Separate from my antivirus, I use the free version of a program called Secunia Personal Software Inspector. Secunia PSI regularly checks to see whether there are updates available for the programs on my computer. While some programs have their own update mechanisms, others do not, so this helps to e...
by Archie Sinclair
Sun May 24, 2015 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Taking out a TSP loan to fund Roth IRA
Replies: 14
Views: 1149

Re: Taking out a TSP loan to fund Roth IRA

Instead of a Roth IRA, why not make a Roth TSP contribution?
by Archie Sinclair
Sat May 23, 2015 12:30 pm
Forum: Investing - Theory, News & General
Topic: Why government bonds at all?
Replies: 55
Views: 4561

Re: Why government bonds at all?

These are financial obligations of the United States . The government is an intermediary between you and the American people. The bonds are backed not only by the government, but (through the government's taxing authority) by the entire national economy. The national economy obviously includes the k...
by Archie Sinclair
Thu May 21, 2015 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: OTC market mystery
Replies: 3
Views: 336

Re: OTC market mystery

I was curious, so I looked at the history of the price of CLLY. http://www.morningstar.com/stocks/PINX/CLLY/quote.html

It looks like it only trades once every few days, usually for about $4. $9.40 was unusual, and there's no guarantee that you would receive that.
by Archie Sinclair
Thu May 21, 2015 4:42 pm
Forum: Investing - Theory, News & General
Topic: Missing Bonds data in Balances & Holdings
Replies: 8
Views: 716

Re: Missing Bonds data in Balances & Holdings

I don't hold any bonds at Vanguard. But I do sometimes use the Fixed Income Trading page to find out the prices of bonds. If you want up-to-date information, you could try that (unless it has also been affected).
by Archie Sinclair
Thu May 21, 2015 4:36 pm
Forum: Investing - Theory, News & General
Topic: The BIG problem with the S&P 500 index?
Replies: 37
Views: 6342

Re: The BIG problem with the S&P 500 index?

... I don't see why I need to put up with its eccentricities, when there are better options that are easily available. What you do is of course your business. There's no reason anyone has to invest in anything they don't want to, but if you're going to say some other choice is "better" yo...
by Archie Sinclair
Tue May 19, 2015 10:42 pm
Forum: Investing - Theory, News & General
Topic: The BIG problem with the S&P 500 index?
Replies: 37
Views: 6342

Re: The BIG problem with the S&P 500 index?

This is a ridiculous example.... I'm sensing some hostility here. I was just trying to respond to the earlier argument that the S&P 500 is a statistically good sample because it has 500 data points, by providing another example from statistics to think about. If you are a member of the Poors fa...
by Archie Sinclair
Tue May 19, 2015 10:06 pm
Forum: Investing - Theory, News & General
Topic: Money Market Expense Ratios
Replies: 8
Views: 860

Re: Money Market Expense Ratios

Does anyone have any experience with Treasury direct? Yes, and from this experience I want to keep the interactions to a minimum. Exhibit A: Error processing your request. Please submit requests only once and use the buttons and links we've provided on each page. Double clicking on a button or usin...
by Archie Sinclair
Tue May 19, 2015 7:48 pm
Forum: Investing - Theory, News & General
Topic: The BIG problem with the S&P 500 index?
Replies: 37
Views: 6342

Re: The BIG problem with the S&P 500 index?

There are "problems" with the S&P 500 Index but they are so minor that they don't affect an investor in the real world. The index represents about 75% of the market capitalization of the US Total Stock Market and is a sample of 500 against maybe 3,300 investable stocks in the US Stock...
by Archie Sinclair
Tue May 19, 2015 7:25 pm
Forum: Investing - Theory, News & General
Topic: Silver lining for bond fund NAV declines?
Replies: 33
Views: 3156

Re: Silver lining for bond fund NAV declines?

Perhaps I should have been clearer that I'm less concerned with what happens when rates rise than I am with what's happening now: rates still very low but bond NAVs declining. A decline in NAV is essentially the same thing as a rise in yield. Here is an example: If I buy a bond for $100 that pays $...
by Archie Sinclair
Thu May 14, 2015 9:24 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard's Web Site So Bad?
Replies: 64
Views: 5725

Re: Why is Vanguard's Web Site So Bad?

Maybe that lack of usefulness is why they don't get much attention -- perhaps VG does just the minimum to meet regulations. I think that they are, in fact, just trying to comply with their legal obligation to notify you of revisions to the prospectus. For better or worse, they probably consider it ...
by Archie Sinclair
Thu May 14, 2015 7:26 pm
Forum: Investing - Theory, News & General
Topic: Why is the nasdaq higher than the S&P500 index?
Replies: 8
Views: 1100

Re: Why is the nasdaq higher than the S&P500 index?

Why is a mile longer than a kilometer?
by Archie Sinclair
Wed May 13, 2015 6:53 pm
Forum: Investing - Theory, News & General
Topic: The BIG problem with the S&P 500 index?
Replies: 37
Views: 6342

Re: The BIG problem with the S&P 500 index?

It's not a big deal in the grand scheme of things. But it's frustrating that all major indicators of "The Market" that are quoted in the media--the Dow, the NASDAQ, the NYSE, and the S&P 500--all have arbitrary and irrational characteristics. The S&P 500 is just the least flawed. M...
by Archie Sinclair
Mon May 11, 2015 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: When does Vanguard take their cut?
Replies: 7
Views: 1361

Re: When does Vanguard take their cut?

I wouldn't describe it as "their cut." Vanguard is ultimately owned by its investors and so it only pays expenses, it doesn't take profits. It has to pay these expenses on a daily basis.
by Archie Sinclair
Sun May 10, 2015 12:26 am
Forum: Personal Consumer Issues
Topic: Brand Loyalty
Replies: 60
Views: 4629

Re: Brand Loyalty

Impressive. Not only an expert in brand loyalty - but you know other forum members minds better than they do. Nonsense in one case. And, you understand another mind better than they do and deem their opinion "untrue"? Do you not feel you are crossing a line here? My mistake - I should hav...
by Archie Sinclair
Sat May 09, 2015 11:43 pm
Forum: Investing - Theory, News & General
Topic: Ang's Book Helped Me Understand Beta Better
Replies: 13
Views: 1179

Re: Ang's Book Helped Me Understand Beta Better

Economics is not a science and there should be no Noble prize in it, especially since there is not one in Math. While EMH and CAPM etc are all nice economic models there are many anomalies and other inefficiencies in real life. Some would say that there is no Nobel Prize in Economics. The Economics...
by Archie Sinclair
Thu May 07, 2015 7:52 pm
Forum: Investing - Theory, News & General
Topic: Fed Chair Yellen Warns on Stock Valuations
Replies: 22
Views: 4135

Re: Fed Chair Yellen Warns on Stock Valuations

I just watched "Mad Money" Cramer's take on it: http://finance.yahoo.com/video/cramer-thanks-nothing-janet-yellen-220000039.html As typical, just more noise, but I did like one comment/question he made: Is the Fed going to tell you when stocks are cheap? Janet won't tell you...but this gu...
by Archie Sinclair
Thu May 07, 2015 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Diversifying beyond Vanguard Target Date Fund
Replies: 45
Views: 4843

Re: Diversifying beyond Vanguard Target Date Fund

netrammgc wrote:Well, in my mid 30s, I'm getting an itch to do something.

Why not buy a motorcycle or try rock climbing or something?
by Archie Sinclair
Thu May 07, 2015 7:04 pm
Forum: Investing - Theory, News & General
Topic: McNabb op ed - possible 8% cash requirement
Replies: 33
Views: 3263

Re: McNabb op ed - possible 8% cash requirement

The Financial Stability Board is a private association organized under the laws of Switzerland . It serves as an unofficial forum of financial regulators. It's influential, but it is a private body and it has no formal authority to regulate anyone. Designations of SIFIs in the United States are made...
by Archie Sinclair
Thu May 07, 2015 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Credit union question
Replies: 16
Views: 1822

Re: Credit union question

Credit unions come in two types: "Federal Credit Unions" and state-chartered credit unions. All federal credit unions and most state-chartered credit unions are insured and supervised by the National Credit Union Administration ("NCUA"). However, some state-chartered credit union...
by Archie Sinclair
Thu May 07, 2015 6:03 pm
Forum: Investing - Theory, News & General
Topic: McNabb op ed - possible 8% cash requirement
Replies: 33
Views: 3263

Re: McNabb op ed - possible 8% cash requirement

PS - is this a legit topic? Note that discussions of proposed laws or regulations are prohibited.... Proposed regulations that are directly related to investing may be discussed if and when they are published for public comments. I don't know. For the reference of the moderators, Mr. McNabb is disc...
by Archie Sinclair
Thu May 07, 2015 5:43 pm
Forum: Investing - Theory, News & General
Topic: McNabb op ed - possible 8% cash requirement
Replies: 33
Views: 3263

Re: McNabb op ed - possible 8% cash requirement

Y'all are thinking of this the wrong way, because (frankly) the distinguished head of our mutual fund company has stooped to scare-mongering. By statute, designation of a nonbank as a systemically-important financial institution (SIFI) is on a company-by-company basis. It's a highly individualized p...
by Archie Sinclair
Wed May 06, 2015 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: I only use a chrome browser do I need Microsoft Security Essentials?
Replies: 5
Views: 917

Re: I only use a chrome browser do I need Microsoft Security Essentials?

I'm not an expert on this stuff, but I think this is equivalent to: "I only use a blue door. Do I need a lock?"
by Archie Sinclair
Tue May 05, 2015 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Notary for 401k rollover?
Replies: 15
Views: 1364

Re: Notary for 401k rollover?

Advice that I often see on this site is that you want to work as much as possible with the firm that is receiving your assets, not the firm that you are leaving. The firm that you are leaving has no incentive to help you (and might be kind of sleazy anyway, otherwise you probably wouldn't be moving) .
by Archie Sinclair
Mon May 04, 2015 8:13 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Claims Title of World’s Largest Bond Fund
Replies: 20
Views: 2497

Re: Vanguard Claims Title of World’s Largest Bond Fund

I hope this is reporter Kirsten Grind's discovery. I hope Vanguard isn't issuing press releases about this... "Pride goeth before destruction, and an haughty spirit before a fall." I respectfully disagree. Press releases are free advertising to get more investors in the door. I think it w...
by Archie Sinclair
Sun May 03, 2015 5:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard governance and investor rights
Replies: 66
Views: 3932

Re: Vanguard governance and investor rights

If you read the annual financial statements from the funds, there is no mention of VGI assets held by the fund. The annual financial statements for the funds do say that each fund has contributed capital to Vanguard (currently at a rate of 0.01% of net assets, although the fund has committed to inv...
by Archie Sinclair
Sat May 02, 2015 11:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard governance and investor rights
Replies: 66
Views: 3932

Re: Vanguard governance and investor rights

Who owns Vanguard Brokerage Service and do the holders of Vanguard Mutual Funds have any say in the operation of VBS or do they just pay for it? You ultimately own VBS. Vanguard Brokerage Services is a division of Vanguard Marketing Corporation, which is a wholly-owned subsidiary of Vanguard Group,...
by Archie Sinclair
Thu Apr 30, 2015 10:19 pm
Forum: Investing - Theory, News & General
Topic: Anyone have an asset allocation not based on percentages?
Replies: 26
Views: 2627

Re: Anyone have an asset allocation not based on percentages

I base my asset allocation on fractions: 1/3 US stocks, 1/3 international stocks, 1/3 fixed income. Percentages are too complicated. :wink:
by Archie Sinclair
Sat Apr 04, 2015 8:11 am
Forum: Investing - Help with Personal Investments
Topic: What to do with my foreign UK stocks?
Replies: 8
Views: 800

Re: What to do with my foreign stocks?

If you're uncomfortable selling the stocks all at once and converting to US dollars, how about setting up a schedule to sell them over time?
by Archie Sinclair
Sun Mar 29, 2015 10:44 pm
Forum: Investing - Theory, News & General
Topic: [finding which mutual funds invest in a given stock]
Replies: 9
Views: 857

Re: Reverse mutual fund lookup?

In Morningstar stock quotes, there is a page listing "Concentrated Shareholders" within the "Ownership" tab. For example, T. Rowe Price Global Technology is apparently the mutual fund that is most concentrated in GOOG shares, with 12.26% of the fund's money invested in GOOG. http...
by Archie Sinclair
Wed Mar 25, 2015 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: [Poll] Would you be disappointed if VG advertised more?
Replies: 19
Views: 1540

Re: [Poll] Would you be disappointed if VG advertised more?

I think it's penny wise and pound foolish to worry about Vanguard's advertising. It probably brings a lot of expense ratio-paying investors in the door. And my recollection is that it isn't very expensive. Obviously there are some forms of advertising that involve pouring money down the drain, like ...
by Archie Sinclair
Tue Mar 24, 2015 8:15 pm
Forum: Investing - Theory, News & General
Topic: What Happens When Vanguard Owns Everything?
Replies: 19
Views: 5358

Re: What Happens When Vanguard Owns Everything?

First, it won't as the M* article makes clear. Second, beware of SIFI. I quote an excerpt about BlackRock (and Vanguard) from a Fortune article dated 7 July 2014. " So here we are, with a problem that’s playing out in the Treasury. One of its arms, the Financial Stability Oversight Council, ha...
by Archie Sinclair
Sun Mar 22, 2015 9:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Ex-US Small Cap Value Petition
Replies: 24
Views: 3701

Re: Vanguard Ex-US Small Cap Value Petition

I would support this. But I think getting an Admiral shares version of Vanguard FTSE All-World ex-US Small-Cap Index Fund (VSS / VFSVX) is more important.
by Archie Sinclair
Fri Mar 20, 2015 8:30 pm
Forum: Investing - Theory, News & General
Topic: "Assessing the Risk of Using Just One Fund Company.."
Replies: 18
Views: 3031

Re: "Assessing the Risk of Using Just One Fund Company.."

....... would require collusion between executives at Vanguard, their affiliated custodial banks i.e. JP Morgan, BBH, and BNY Mellon, the Depository Trust Company and their auditor PWC.....Madoff's case, he was used his own "auditor" who was basically his family friend. Madoff's custodial...
by Archie Sinclair
Wed Mar 18, 2015 7:22 pm
Forum: Investing - Theory, News & General
Topic: Should William McNabb III be chairman of Vanguard's board?
Replies: 8
Views: 1394

Re: Should William McNabb III be chairman of Vanguard's boar

Vanguard's recent letter to corporate directors found here - https://about.vanguard.com/who-we-are/our-leaders/ - states as #1 in a list of principals: Board should be substantially independent of management and have independent leadership (i.e., chair or lead director). What I find interesting is ...
by Archie Sinclair
Sun Feb 15, 2015 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Buying presidential dollar coins with a credit card
Replies: 11
Views: 1874

Re: Buying presidential dollar coins with a credit card

The behavior described above is why the program ended. http://www.businessinsider.com/us-mint-ends-the-dollar-coin-scam-for-airline-miles-2011-7 "It's not illegal," he said, "But it's an abuse of the system. That's not what the system was set up to do. The system was set up to promote...
by Archie Sinclair
Wed Jan 28, 2015 7:32 pm
Forum: Investing - Theory, News & General
Topic: What mutual fund companies do you use?
Replies: 63
Views: 3888

Re: What mutual fund companies do you use?

Some Bogleheads hold Baird Intermediate Municipal Bond Fund (BMBIX). Baird is an employee-owned mutual fund company in Milwaukee. The potential advantage of BMBIX is that it holds higher credit quality bonds than the Vanguard equivalent, Vanguard Intermediate-Term Tax-Exempt Fund. While I have been ...
by Archie Sinclair
Wed Jan 28, 2015 6:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's government bond index funds
Replies: 29
Views: 4333

Re: Vanguard's government bond index funds

One thing that confuses me is the MBS vs. GSE breakdown. If a fund holds Fannie and Freddie but shows 0% MBS, does this mean those holdings are not actually MBS but rather are financing for the agencies themselves? In that case, the agency bonds would not be subject to the same negative convexity o...

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