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Re: Time For Me to Kick Wellington Through The Goalpost of L

I'm 72 and retired 15 years ago. I was with Fidelity back then and very poorly advised. On paper I lost about 1/3 of my $2.2M nest egg in pretty short order. Bill Bernstein turned me around; I fired Fidelity and moved to Vanguard. For the first 10 years I had a blend of Index funds and then I discov...
by BHChinook
Sat Oct 25, 2014 2:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time For Me to Kick Wellington Through The Goalpost of Life?
Replies: 43
Views: 4853

Re: Time For Me to Kick Wellington Through The Goalpost of L

and and in the VSMGX ticker symbol to compare the total returns. Thanks Brad. I use this tool frequently. I put VTINX into the comparison and, of course, it underperformed Wellington. Wellington has more equity so over the short 5-year period that VTINX can be examined, it did better. Wellington al...
by BHChinook
Sat Oct 25, 2014 11:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Time For Me to Kick Wellington Through The Goalpost of Life?
Replies: 43
Views: 4853

Re: Time For Me to Kick Wellington Through The Goalpost of L

No, adding an active fund to a passive portfolio does not add "another type of diversification", it adds another type of risk. Possibly, if Bernstein were reading this thread, he might take me aside and ask me why I had forgotten the rule about index funds (higher component diversificatio...
by BHChinook
Sat Oct 25, 2014 10:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Time For Me to Kick Wellington Through The Goalpost of Life?
Replies: 43
Views: 4853

Re: Time For Me to Kick Wellington Through The Goalpost of L

BHChinook, you've said a number of times that you hold actively manages funds in order to get increased diversification, but if you already own broad market index funds then purchasing active funds does not give you increased diversification. That's true... but doesn't it add another type of divers...
by BHChinook
Sat Oct 25, 2014 1:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Time For Me to Kick Wellington Through The Goalpost of Life?
Replies: 43
Views: 4853

Re: Time For Me to Kick Wellington Through The Goalpost of L

This thread has about run its course but I have found some gems in it that to me are worthy of being mined. First, I need to confess to yet another blunder and then each poster can decide whether to take an oath to never in their lifetime reply to another of my threads (I hope that won’t happen). Re...
by BHChinook
Sat Oct 25, 2014 12:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Time For Me to Kick Wellington Through The Goalpost of Life?
Replies: 43
Views: 4853

Re: Time For Me to Kick Wellington Through The Goalpost of L

Rats!! I hate it when I have to eat crow... I re-checked and found I'd omitted a couple of transactions from my XIRR calculation and the more-sharp-eyed Bogleheaders (than me) are correct. Wellington has done better... my experiment will have to continue for awhile longer... :oops:
by BHChinook
Fri Oct 24, 2014 12:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Time For Me to Kick Wellington Through The Goalpost of Life?
Replies: 43
Views: 4853

Time For Me to Kick Wellington Through The Goalpost of Life?

About 5 years ago, I made the incredibly wise decision (for me) to move nearly all my assets into VTINX (Vanguard's Target Retirement Fund). It had (and still has) almost exactly the AA wanted and that I held in individual funds. In the past few years, it has evolved nicely by adding foreign bonds a...
by BHChinook
Thu Oct 23, 2014 11:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time For Me to Kick Wellington Through The Goalpost of Life?
Replies: 43
Views: 4853

Re: Is Total Bond Market Performance Compromised By The Zero

There are good arguments for staying with VTINX, particularly in a retirement account with reinvested dividends. It's also a good way to get a generous TIPS coverage and some inflation protection. Personally, I'd be against any balanced fund now for the distribution phase of retirement, since coupl...
by BHChinook
Wed Jul 17, 2013 4:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is Total Bond Market Performance Compromised By The Zero Int
Replies: 43
Views: 2650

Re: Is Total Bond Market Performance Compromised By The Zero

Hi PJW... thanks for adding your voice... True, but again, the retail investor has alternatives, which is my main point. For example, to get a higher yield and hedge against interest-rate declines, yet retain immediate access to your money, you can earn 0.85% on an Ally 11-month no-penalty CD. You c...
by BHChinook
Wed Jul 17, 2013 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is Total Bond Market Performance Compromised By The Zero Int
Replies: 43
Views: 2650

Re: Is Total Bond Market Performance Compromised By The Zero

I echo Taylor's "Thanks" to G-Money and all the other responders. As usual, the Bogleheaders have greatly helped!
by BHChinook
Tue Jul 16, 2013 12:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is Total Bond Market Performance Compromised By The Zero Int
Replies: 43
Views: 2650

Re: Is Total Bond Market Performance Compromised By The Zero

You do realize that the bonds in Wellesley have longer average duration than Total Bond Market, right? Right, but they're pretty close. Big difference, of course, is Wellesley is investment grade corporate whilst TBM is everything. What kind of magic are you expecting from Wellesley's manager? No m...
by BHChinook
Tue Jul 16, 2013 11:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Is Total Bond Market Performance Compromised By The Zero Int
Replies: 43
Views: 2650

Re: Is Total Bond Market Performance Compromised By The Zero

- eventually, rates going up will pay you back. I agree with this. My point was to question whether the zero interest floor has an impact on the "pay back relationship". If you are concerned about interest rate risk, you can buy a short-term index fund yourself. No need to hire a manager ...
by BHChinook
Tue Jul 16, 2013 10:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Is Total Bond Market Performance Compromised By The Zero Int
Replies: 43
Views: 2650

Is Total Bond Market Performance Compromised By The Zero Int

... or the title, "It Time For More Managed Funds"? It seems like only a few years (but it's been over a decade) since Bill Bernstein's book, "The Intelligent Asset Allocator" came out and convinced many of us to convert from actively managed funds to index funds. Gone were the d...
by BHChinook
Tue Jul 16, 2013 9:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Is Total Bond Market Performance Compromised By The Zero Int
Replies: 43
Views: 2650

Re: Whats The Story With VTBIX???

Are you asking why vanguard doesn't just tweak this fund (with 60 billion in it), the clone of a massively successful mutual fund, on a whim to try and time bond interest rates, instead of sticking with the index upon which this fund is based? Or why they are not so quick to change the duration of ...
by BHChinook
Sun Jun 30, 2013 11:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whats The Story With VTBIX???
Replies: 11
Views: 1318

Re: Whats The Story With VTBIX???

I understand that Total Bond Market is roughly equivalent. My question is, since they are making a change, why not choose a shorter duration fund like they did with TIPS.
by BHChinook
Sun Jun 30, 2013 7:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whats The Story With VTBIX???
Replies: 11
Views: 1318

Re: Whats The Story With VTBIX???

One more quickie; M* lists the average duration/maturity for bonds in VTBIX as 5 and 7 years. Since this fund is exclusively for use bu their target funds, I wonder why they don't have shoter terms? VTINX recently changed their TIPS from intermediate term to short term..
by BHChinook
Sun Jun 30, 2013 2:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whats The Story With VTBIX???
Replies: 11
Views: 1318

Re: Whats The Story With VTBIX???

Thank you so much for the previous thread links... Question asked; question answered! This forum is the best :happy
by BHChinook
Sun Jun 30, 2013 2:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whats The Story With VTBIX???
Replies: 11
Views: 1318

Whats The Story With VTBIX???

I understand the symbol for Vanguard Total Bond Market II is VTBIX. M* lists this fund and only gives it 2 stars with average risk and below average return. Yahoo doesn't even list the symbol. Total Bond Market, on the other hand, gets 3 stars from M* and below average risk and average return. Here'...
by BHChinook
Sun Jun 30, 2013 2:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whats The Story With VTBIX???
Replies: 11
Views: 1318

Re: Is It Finally Time For A Bond Ladder?

Also, I think some of the replies touting the value of fund managers need to factor in the costs of active management. If these managers are really improving your net returns by actively buying and selling bonds for you Are you referring to the management costs of the bond funds we are comparing he...
by BHChinook
Fri Jun 28, 2013 4:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is It Finally Time For A Bond Ladder?
Replies: 44
Views: 3112

Re: Is It Finally Time For A Bond Ladder?

But to me a bit of an investment hobby. Most hobbies have a cost but I like a hobby for which the cost can be known and/or controlled :happy I consider my self-management of my families portfolio as a hobby too but I've kept it very simple and basically let Vanguard managers do the heavy lifting. T...
by BHChinook
Thu Jun 27, 2013 3:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is It Finally Time For A Bond Ladder?
Replies: 44
Views: 3112

Re: Is It Finally Time For A Bond Ladder?

When I started this thread, I was very much hoping the majority of advice would be to stay with my funds. On paper, the concept of bond/CD ladders is pretty simple but in practice, there are enormous complexities if the execution is to be effective. So herein lies the dilemma: Meanwhile, what the fu...
by BHChinook
Thu Jun 27, 2013 12:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is It Finally Time For A Bond Ladder?
Replies: 44
Views: 3112

Is It Finally Time For A Bond Ladder?

When I first retired (13 years ago), I put most of my bonds in a bond ladder. About seven years ago, I decided to simplify, simplify, simplify and I switched nearly all my assists into three funds that gave me very close to the asset allocation I was (and am) comfortable with. That was VTINX (Target...
by BHChinook
Thu Jun 27, 2013 10:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Is It Finally Time For A Bond Ladder?
Replies: 44
Views: 3112

Re: VTINX (Target Retirement) Allocations

Thanks, Sheepdog. I knew that thread was out there; they're excellent.

I have a tenacious respect for Vanguard's analyses even though the Bogleheaders don't always agree with every Vanguard conclusion (for example, the proper ratio of TIPS).
by BHChinook
Thu Apr 11, 2013 10:35 am
 
Forum: Investing - Help with Personal Investments
Topic: VTINX (Target Retirement) Allocations
Replies: 7
Views: 1001

Re: VTINX (Target Retirement) Allocations

Thanks very much. Is there a thread on the +/-'s of this proposed change? Would you summarize whether the Bogleheaders like or dislike the proposed change?
by BHChinook
Thu Apr 11, 2013 9:23 am
 
Forum: Investing - Help with Personal Investments
Topic: VTINX (Target Retirement) Allocations
Replies: 7
Views: 1001

VTINX (Target Retirement) Allocations

I saw an announcement several months ago that Vanguard was planning to modify the fund allocations in VTINX; I believe to include some foreign bonds. I just checked and their allocations are almost exactly what they were a year ago (OK, I don't check these things very often - I just have total trust...
by BHChinook
Thu Apr 11, 2013 12:54 am
 
Forum: Investing - Help with Personal Investments
Topic: VTINX (Target Retirement) Allocations
Replies: 7
Views: 1001

Re: Calculation for value of Fund of Funds (VTINX)

Ah, I love it when math works! It looks like #Cruncher has fleshed out the answer. My mistake was working with the published change percentages instead of with the actual changes in value. I did not get the answer when I used maximum possible changes to the percentages but using maximum possible cha...
by BHChinook
Sat Jun 09, 2012 9:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Calculation for value of Fund of Funds (VTINX)
Replies: 4
Views: 319

Calculation for value of Fund of Funds (VTINX)

This seems trivial, but baring a distribution, shouldn't the change in asset value for VTINX (a fund of funds) change exactly in proportion to the changes in it's components? Yesterday, the changes (and current percentages in the fund) were: Total Stock Market 0.85% (21.1%) TIPS 0.03% (20.0%) Total ...
by BHChinook
Sat Jun 09, 2012 12:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Calculation for value of Fund of Funds (VTINX)
Replies: 4
Views: 319

Re: "The One Fund I Use to Invest for Retirement"

It seems to me that this thread has lost its way. Perhaps a new thread titled as Beagler titled his comment "Vanguard Target Funds" would be appropriate.

On the positive, this thread started off in a very useful way and I learned a lot from it. Thanks
by BHChinook
Tue Feb 21, 2012 5:35 pm
 
Forum: Investing - Theory, News & General
Topic: "The One Fund I Use to Invest for Retirement"
Replies: 69
Views: 7752

Re: Wellesley or Target Retirement? Similar AA; Different St

I propose a new strategy for "age in bonds". Although not accepted by many Bogleheaders, I now believe that equities get more risky with longer time horizons. If so, then the "average" investor should follow the new ebchinook rule: Follow the standard rule until about age 65 and ...
by BHChinook
Mon Feb 20, 2012 1:16 pm
 
Forum: Investing - Theory, News & General
Topic: Wellesley or Target Retirement? Similar AA; Different Styles
Replies: 40
Views: 4522

Re: I'm Saying Good Bye to Michael Price's Great Little Fund

As a final closure to this thread, I started this IRA 9/1993 with $1.8k and closed it yesterday with $13.7k. The IRR for the total period is 11.6%. Of course, the IRR would have been higher if I had closed the fund earlier but when one is afflicted with my disease (veryslowtoactonanythingitis), this...
by BHChinook
Sat Feb 18, 2012 2:34 pm
 
Forum: Investing - Theory, News & General
Topic: I'm Saying Good Bye to Michael Price's Great Little Fund
Replies: 9
Views: 1469

Re: "The One Fund I Use to Invest for Retirement"

MarcMyWord replied to this before I could get to it. Norstad references other publications, the sum of which, imho, should have revolutionized the makeup of target funds. It does not seem to have and I await the day when more discussions of this important concept are presented (by those more knowled...
by BHChinook
Sat Feb 18, 2012 1:21 am
 
Forum: Investing - Theory, News & General
Topic: "The One Fund I Use to Invest for Retirement"
Replies: 69
Views: 7752

Re: Wellesley or Target Retirement? Similar AA; Different St

Higher returns = Higher risks

Lots of funds have higher returns than VTINX but few can match the nice, consistent positive slope of it's curves...
by BHChinook
Fri Feb 17, 2012 7:19 pm
 
Forum: Investing - Theory, News & General
Topic: Wellesley or Target Retirement? Similar AA; Different Styles
Replies: 40
Views: 4522

Re: I'm Saying Good Bye to Michael Price's Great Little Fund

So... no yacht? I guess workaholics just can't give it up. Fortunately, I'm not one... :D
by BHChinook
Fri Feb 17, 2012 7:10 pm
 
Forum: Investing - Theory, News & General
Topic: I'm Saying Good Bye to Michael Price's Great Little Fund
Replies: 9
Views: 1469

Re: Wellesley or Target Retirement? Similar AA; Different St

More diversified and simpler... what could be better.
by BHChinook
Fri Feb 17, 2012 5:14 pm
 
Forum: Investing - Theory, News & General
Topic: Wellesley or Target Retirement? Similar AA; Different Styles
Replies: 40
Views: 4522

Re: "The One Fund I Use to Invest for Retirement"

I'm going to blow the horn again for VTINX. It has the same index fund components as VFORX but it adds TIPS. Also, I do not like funds that adjust AA with age. I understand that risks associated with equities actually increase with holding time. If this is true, the whole idea that more bonds are ne...
by BHChinook
Fri Feb 17, 2012 1:53 pm
 
Forum: Investing - Theory, News & General
Topic: "The One Fund I Use to Invest for Retirement"
Replies: 69
Views: 7752

Re: Wellesley or Target Retirement? Similar AA; Different St

Thanks Kyle,

You are quite right. It's a mistake to simply equate a percentage of equities and not consider what the equities are; but it's easily done. It's comforting to see that greater risk is producing greater gain. But we all have to decide what level of risk we can "sleep with"...
by BHChinook
Fri Feb 17, 2012 1:44 pm
 
Forum: Investing - Theory, News & General
Topic: Wellesley or Target Retirement? Similar AA; Different Styles
Replies: 40
Views: 4522

I'm Saying Good Bye to Michael Price's Great Little Fund

We bought into Mutual Shares Discovery Fund at it's inception. Michael Price was the ramrod and this quickly became my favorite fund. Then, Franklin Templeton bought the Mutual Shares family of funds, taking Michael Price with them. FT funds are all load funds and I can't imagine anyone buying one e...
by BHChinook
Fri Feb 17, 2012 1:34 pm
 
Forum: Investing - Theory, News & General
Topic: I'm Saying Good Bye to Michael Price's Great Little Fund
Replies: 9
Views: 1469

Wellesley or Target Retirement? Similar AA; Different Styles

I have most of my IRAs in Vanguards Target Retirement Fund (VTINX). I chose VTINX for simplicity; has nearly the exact asset allocation I seek; it's a fund of index funds; and the cost is only .17%. Recently, I was looking at Wellesley (VWINX). Here are roughly the differences I see: % Equity: VTINX...
by BHChinook
Fri Feb 17, 2012 1:09 pm
 
Forum: Investing - Theory, News & General
Topic: Wellesley or Target Retirement? Similar AA; Different Styles
Replies: 40
Views: 4522

Re: Total Newbie with Roth IRA Question

I agree with the advice from CallJim; especially the part about keeping it simple. I would probably be a little more adventuresome with the Roth by using Vanguard's Target Retirement (VTINX). I like its AA of US Stocks, some foreign stocks, TBM and TIPS. With $8k in taxable TSM, the equity percentag...
by BHChinook
Fri Dec 09, 2011 1:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Total Newbie with Roth IRA Question
Replies: 11
Views: 673

Re: Do you have any TIPS (e.g. VIPSX) in your portfolio?

Seldom does my heart, my head and my wallet all agree on anything. But they are in total agreement that being a Bogleheader is the only way to go. All my TIPS (and other bonds) are in VTINX (Target Retirement); the bond distribution there is currently 69.4% Total Bond Market and 30.6% TIPS. VTINX is...
by BHChinook
Tue Nov 29, 2011 12:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you have any TIPS (e.g. VIPSX) in your portfolio?
Replies: 79
Views: 10102

Silly question... but what is a "back door" Roth?
by BHChinook
Sat Oct 08, 2011 2:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reasons for NOT doing back door Roth IRA
Replies: 17
Views: 3175

Thanks, John. For the person that might be considering starting (or restarting) a foray into CDs; is there a single book that stands out as the best for explaining the CD options?
by BHChinook
Tue Sep 06, 2011 8:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Ally Bank CD and Early Withdrawal
Replies: 50
Views: 5653

I don't see any comments about buying CDs from Vanguard's Bond Desk. Don't they sell CDs? Are their rates not competitive?

Rates are so low that I haven't bought a CD in the past 5 years. Perhaps with the strategies given in this thread, I should revisit them.

Thanks
by BHChinook
Tue Sep 06, 2011 12:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Ally Bank CD and Early Withdrawal
Replies: 50
Views: 5653

One of the most interesting threads I've read in some time was started by John Norstad on the question of dealing with fund dividends. http://www.bogleheads.org/forum/viewtopic.php?t=64389&highlight= In the course of this thread, the issue of equity risk as a function of time was discussed and s...
by BHChinook
Sat Aug 27, 2011 9:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Target Retirement Date Fund questions
Replies: 15
Views: 3344

Houses generally sell for $/sq.ft. Amenities can make a house sell faster or slower but the unit cost per square foot (from appropriate comps) will set the selling price. We lost every penny we put into our pool. Of course, the county appraiser was out within hours of the pool being completed to mak...
by BHChinook
Tue Aug 16, 2011 11:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Boglehead thoughts on putting in a pool
Replies: 45
Views: 4749

Taylor, The question I face is whether it's worth the effort of splitting my VTINX into individual components to get the 50/50 TIPS/TBM ratio. On the plus side: 1. Get my personalized Asset Allocation. 2. Get the savings of having Admiral shares. On the negative side: 1. Go from the simplicity of on...
by BHChinook
Fri Aug 12, 2011 9:04 am
 
Forum: Investing - Help with Personal Investments
Topic: 4 Fund Portfolio
Replies: 20
Views: 3983

Has anyone done a survey to see what Bogleheads feel is the best ratio for TIPS/TBM? It is soooo convenient to just peek over my toes at the TV and check just one number. But I would prefer to have a 50/50 TIPS/TBM ratio (a ratio Vanguard doesn't seem to like) and I'd have to do my own version of VT...
by BHChinook
Thu Aug 11, 2011 3:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: 4 Fund Portfolio
Replies: 20
Views: 3983

Landy; sorry, it had to be Larry, Moe or Curly so I choose the closest :D Thanks for doing the math for me. The question remains, would I actually save $540 on a $1MM portfolio if I used the same shares and percentages as VTINX? Thanks! PS. One thing about VTINX; they do change AAs from time to time...
by BHChinook
Thu Aug 11, 2011 2:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: 4 Fund Portfolio
Replies: 20
Views: 3983

Well done, Larry,... or was it Moe? For the record, the ER for VTINX is 0.17%. The ER for VAIPX is 0.11%. Assuming I save 0.05% overall with an all-Admiral setup, the annual savings on $1MM would be $500. Hmmm. Now would I get up from the couch (actually, my recliner) to pick up 5 $100 bills? Did I ...
by BHChinook
Thu Aug 11, 2011 1:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: 4 Fund Portfolio
Replies: 20
Views: 3983

Thanks, Taylor. One of my targets is for simplicity. I currently have nearly all my IRA assets in Vanguards Target Retirement Fund (VTINX); largely because the asset allocations closely represented my personal targets and also for simplicity. VTINX currently has: Vanguard Total Bond Market II Index ...
by BHChinook
Thu Aug 11, 2011 10:42 am
 
Forum: Investing - Help with Personal Investments
Topic: 4 Fund Portfolio
Replies: 20
Views: 3983
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