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by CyberBob
Tue May 26, 2015 3:09 pm
Forum: Investing - Theory, News & General
Topic: Wellington & Wellesley
Replies: 30
Views: 2990

Re: Wellington & Wellesley

Why do we give a "free pass" to these two particular funds? It seems that even Jack Bogle isn't giving them a free pass. His quote from an April 2, 2014 Investor's Business Daily interview seems to let all the air out of Wellington's balloon: In Wellington Fund's case, in the last decade ...
by CyberBob
Fri May 22, 2015 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Basic Financial Advice for College Student with Inheritance
Replies: 22
Views: 2163

Re: Basic Financial Advice for College Student with Inherita

...Also here is a little booklet with a lot of good advice for new investors: http://www.etf.com/docs/IfYouCan.pdf ... If You Can , the best short investing book for millennials, is also available for free in Nook and Kindle formats, as well as PDF, from Bill Bernstein's website: http://efficientfr...
by CyberBob
Mon May 18, 2015 9:53 am
Forum: Investing - Theory, News & General
Topic: Target Allocations between equities and bonds - Is the reasoning sound?
Replies: 49
Views: 3420

Re: Target Allocations between equities and bonds - Is the reasoning sound?

Well Warren Buffett's recommended asset allocation - 90% S&P 500 tracker and 10% short-dated bonds - obviously follows the OP's logic .. and there aren't many better investors than him .. In that case the bonds achieve virtually nothing as far as cushioning downturns or providing diversificatio...
by CyberBob
Mon May 18, 2015 9:31 am
Forum: Personal Consumer Issues
Topic: 2 different Cree LED Daylight 60W equivelent bulb options
Replies: 25
Views: 1891

Re: 2 different Cree LED Daylight 60W equivelent bulb options

The 4flow is the newest generation of Cree bulbs. The improvements include no big heatsink, which makes it drastically lighter. New design eliminates LED tower, which eliminates dark spot at the top of the bulb - important in downward-facing bathroom vanity fixtures. It's made of unbreakable plastic...
by CyberBob
Sun May 17, 2015 4:11 pm
Forum: Investing - Theory, News & General
Topic: Paying zero fees on a hand picked stock portfolio
Replies: 66
Views: 4078

Re: Paying zero fees on a hand picked stock portfolio

WolfpackFan wrote:I do wish there were a dividend aristocrats index fund... I'll have to poke around to see if such a thing exists.

S&P 500 Dividend Aristocrats ETF (NOBL)
by CyberBob
Sun May 17, 2015 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Which online banks accept incoming wires (and are generally good).
Replies: 19
Views: 1217

Re: Which online banks accept incoming wires (and are generally good).

Ally has been a great bank for me. No fees, great rates, no hassle.
And they receive wires free from both other U.S. banks and even international banks.
http://www.ally.com/help/bank/transfers ... e-transfer
by CyberBob
Mon May 11, 2015 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody 50/50?
Replies: 78
Views: 6176

Re: Anybody 50/50?

Harry Markowitz, best known for his pioneering work in modern portfolio theory, is famous for once saying “I visualized my grief if the stock market went way up and I wasn’t in it — or if it went way down and I was completely in it. So I split my contributions 50/50 between stocks and bonds.” But mo...
by CyberBob
Fri May 08, 2015 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Want to invest in VWELX but costly - Mimic using two ETFs?
Replies: 16
Views: 1777

Re: Want to invest in VWELX but costly - Mimic using two ETFs?

In a 2014 interview, John Bogle said: In Wellington Fund's case, in the last decade 97% of its return has been determined by the return of the index I put together for them in 1978. So based on that, it seems you definitely could replicate Wellington with a few index funds. Vanguard shows the Wellin...
by CyberBob
Fri May 08, 2015 12:26 am
Forum: Investing - Theory, News & General
Topic: A Yale Portfolio Slice 'n Dice Question
Replies: 34
Views: 2195

Re: A Yale Portfolio Slice 'n Dice Question

The MarketWatch page shows long-term Treasuries for the Yale Unconventional nominal-bonds. Swensen does not recommend them for small investors. He replied to a question from the old Vanguard Diehards forum, recommending you hold Treasuries matching the market duration. The Vanguard Intermediate-Ter...
by CyberBob
Thu May 07, 2015 7:19 pm
Forum: Investing - Theory, News & General
Topic: A Yale Portfolio Slice 'n Dice Question
Replies: 34
Views: 2195

Re: A Yale Portfolio Slice 'n Dice Question

The John Wasik Nano Portfolio always seemed interesting to me. It's very Swensen-esque, but the even weighting seems to psychologically make one want to tinker less :D

20% Total U.S. Stock
20% Total International stock
20% REIT
20% Total Bond
20% TIPS
by CyberBob
Sat May 02, 2015 10:13 am
Forum: Investing - Theory, News & General
Topic: How to advise clients
Replies: 18
Views: 1762

Re: How to advise clients

A complicated portfolio is generally touted by the adviser as necessary to 'beat the market'. Your value as an adviser shouldn't be advertised like that because you've then painted yourself into a corner from day one. When it turns out that you can't beat the market, your client will want to leave. ...
by CyberBob
Fri May 01, 2015 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Value of personal time
Replies: 24
Views: 1999

Re: Value of personal time

From the Can I Retire Yet blog: Financial Simplicity: What is Your Time Worth?.
by CyberBob
Mon Apr 27, 2015 11:46 am
Forum: Investing - Theory, News & General
Topic: Vanguard Balanced Index from Cradle to Grave
Replies: 32
Views: 3330

Re: Vanguard Balanced Index from Cradle to Grave

I think the Balanced Fund from cradle to grave is a good thing. I'd prefer LifeStrategy Moderate Growth for the greater diversification, but both would be a good 60/40 portfolio. Once upon a time a 60/40 portfolio was seen as a standard asset allocation for investors (Peter Bernstein was a champion...
by CyberBob
Thu Apr 23, 2015 3:20 pm
Forum: Investing - Theory, News & General
Topic: Do you Bogleheads really follow the 3-4% SWR rule?
Replies: 48
Views: 4718

Re: Do you Bogleheads really follow the 3-4% SWR rule?

I have said before, I know a lot of retirees and not one of them uses a mathematical method to draw from assets. i find exotic withdrawal methods endlessly fascinating, but don't actually use any of them. Srince my fixed costs in retirement are low and my spending flexible, I tend to default to Tay...
by CyberBob
Wed Apr 22, 2015 7:12 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett on equties, treasuries, and "risk"
Replies: 46
Views: 4460

Re: Warren Buffett on equties, treasuries, and "risk"

To all you risk deniers -- the biggest problem with the view that volatility doesn't matter is this: nothing in the market makes sense once you take that view because all pricing is based on risk, from bonds to various kinds of stocks, to the most optional of options. I don't think even Warren is s...
by CyberBob
Wed Apr 22, 2015 5:40 pm
Forum: Personal Consumer Issues
Topic: Google Launches New MVNO – Project Fi
Replies: 6
Views: 783

Re: Google Launches New MVNO – Project Fi

I'm on the Republic Wireless $10 a month plan. This new plan doesn't look particularly appealing to me. Extending on the Republic idea of wi-fi, if you could go wi-fi only, Scratch Wireless will charge you zero a month. These seem more interesting than Google's just-another-phone-company offering.
by CyberBob
Tue Apr 21, 2015 1:25 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett on equties, treasuries, and "risk"
Replies: 46
Views: 4460

Re: Warren Buffett on equties, treasuries, and "risk"

But capital preservation is paramount to me... Buffett is just saying that capital preservation still requires growth since you've got to overcome both inflation and taxes to just stay even. "The riskiness of an investment is not measured by beta (a Wall Street term encompassing volatility and...
by CyberBob
Tue Apr 21, 2015 9:30 am
Forum: Investing - Theory, News & General
Topic: Great little interview with John Bogle
Replies: 23
Views: 2281

Re: Great little interview with John Bogle

He said in the interview that he prefers the static allocation of a balanced fund rather than a target-date fund.
Me too, but 'static allocation' seems to be a different recommendation than age in bonds. What's up with that? Or is a balanced fund recommendation simply a case of 'simple is better'?
by CyberBob
Sat Apr 18, 2015 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Schwab Bank Investor Checking down to 0.06% APY
Replies: 9
Views: 1267

Re: Schwab Bank Investor Checking down to 0.06% APY

E*Trade bank is 0.05%, and Fidelity's cash management account is 0.07%, so it looks like they're all in the same neighborhood.
Hopefully, the Fed's Zero Interest Rate Policy will end eventually :annoyed
by CyberBob
Wed Apr 15, 2015 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Legal Group Invitation?
Replies: 8
Views: 946

Re: Vanguard Legal Group Invitation?

There are many companies using the name Vanguard. This legal firm doesn't appear to have any more of a link to the Vanguard mutual fund company than Vanguard airlines does.
by CyberBob
Mon Mar 23, 2015 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Best Bank for Checking Account
Replies: 29
Views: 2966

Re: Best Bank for Checking Account

Ally
No fees, great rates, all the newfangled features like mobile check deposit and Popmoney payments.
by CyberBob
Wed Mar 18, 2015 1:41 pm
Forum: Investing - Theory, News & General
Topic: Robinhood Investing App
Replies: 13
Views: 1609

Re: Robinhood Investing App

There also aren't any transaction fees for mutual funds at the major players (Fidelity, T. Rowe Price, Vanguard). And there aren't any transaction fees for Vanguard ETF's at Vanguard or for many iShares ETF's at Fidelity and other brokerages. And free may not stay around forever anyway. Remember Zec...
by CyberBob
Tue Mar 17, 2015 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: US/International stock split vs Total World Index?
Replies: 11
Views: 1238

Re: US/International stock split vs Total World Index?

asif408 wrote:Loss of foreign tax credit if fund held in taxable account

What makes you say that? Total World is perfectly eligible for the foreign tax credit. Here's the Vanguard page showing the particulars: https://advisors.vanguard.com/VGApp/iip ... ntaxcredit
by CyberBob
Mon Mar 16, 2015 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Secure a foreign tax credit carry forward?
Replies: 19
Views: 1418

Re: Secure a foreign tax credit carry forward?

TaxAct's workaround generated a 1116. And it reduced the available foreign tax credit from $242 to $3. I'm hoping to understand why... From IRS Publication 514, Foreign Tax Credit for Individuals : Limit on the Credit Your foreign tax credit cannot be more than your total U.S. tax liability (Form 1...
by CyberBob
Fri Mar 13, 2015 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: buffets portfolio advice
Replies: 11
Views: 1550

Re: buffets portfolio advice

Something like the VFSTX? :thumbsup My choice :thumbsup :thumbsup That's a popular fund, but if you're looking for a fund to cover Buffett's recommendation, that is not the best choice. That's a corporate bond fund, and Buffett specifically said 'short-term governments'. And by 'governments' he pro...
by CyberBob
Thu Mar 12, 2015 12:43 pm
Forum: Investing - Theory, News & General
Topic: 100% Stocks Long Term Pro/Con
Replies: 51
Views: 3874

Re: 100% Stocks Long Term Pro/Con

flatfoot wrote:Does anyone have a link to a calculator or chart where I can play around with past/future results with bond vs stock AA?

https://www.portfoliovisualizer.com
by CyberBob
Wed Mar 11, 2015 10:14 am
Forum: Personal Consumer Issues
Topic: Securing home network with pFsense or Sophos Home
Replies: 6
Views: 704

Re: Securing home network with pFsense or Sophos Home

Have you considered just using OpenDNS numbers on your router connected to the Internet?
Cheap, easy, no new hardware required or software to install.
https://www.opendns.com/home-internet-s ... ilyshield/
by CyberBob
Tue Mar 03, 2015 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Yale U Unconventional -----question on intl. stock holdings
Replies: 5
Views: 756

Re: Yale U Unconventional -----question on intl. stock holdi

15% in Vanguard Long Term Treasury Index (VUSTX) Swensen doesn't recommend long-term treasuries. This seems to be an issue with articles about his allocations. Some state that he recommends long-term, others state that he recommends short-term. His books aren't terribly specific, but the last time ...
by CyberBob
Mon Mar 02, 2015 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: More intl exposure in Life Strategy Growth - drop out of it?
Replies: 17
Views: 1830

Re: More intl exposure in Life Strategy Growth - drop out of

As Peter Bernstein often emphasized, if you're comfortable with all your investments, then you're not diversified enough.
by CyberBob
Sun Mar 01, 2015 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Fund Performance Link
Replies: 2
Views: 354

Re: Vanguard Fund Performance Link

Here's performance data for all Vanguard funds. Sort at the top by average, cumulative, quarterly, and yearly.
https://investor.vanguard.com/mutual-fu ... funds-list
by CyberBob
Sat Feb 28, 2015 11:52 am
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 233
Views: 22879

Re: International increase in Target Retirement & LifeStrate

Is anyone planning on leaving these funds due to this? Hell no. In fact, I have just the opposite view and think that every change Vanguard has made has brought these funds closer and closer to perfection for the average investor. And if they would come out with Admiral shares (even at the older $1...
by CyberBob
Wed Feb 25, 2015 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Why there is no Target Date and Balanced ETF?
Replies: 8
Views: 1011

Re: Why there is no Target Date and Balanced ETF?

iShares used to have target-date ETF's but recently closed them. Apparently because most people buy target-date investments through their 401(k) or work retirement plan, but few plans offer access to ETF's. http://www.investmentnews.com/article/20140902/FREE/140909991/blackrocks-ishares-steps-back-f...
by CyberBob
Wed Feb 25, 2015 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Form 1116 country of origin
Replies: 11
Views: 489

Re: Form 1116 country of origin

I'm thinking of just picking a country at random from the available list and e-filing anyway. That's what I was thinking too. Although the IRS hasn't required individual country names since 2008, Vanguard does still provide the information on their advisors site. Perhaps pick the country that paid ...
by CyberBob
Tue Feb 24, 2015 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Someone Else Filed My Tax Return
Replies: 29
Views: 3242

Re: Someone Else Filed My Tax Return

...You will need to file an amended return if in fact a return was filed under your name... ...Apparently, this request only spits out the original return that was filed, not the subsequent amendments... Is it standard IRS procedure to do an actual amended return (1040X)? An amended return would se...
by CyberBob
Tue Feb 24, 2015 3:32 pm
Forum: Personal Consumer Issues
Topic: iPad users: what browser are you using?
Replies: 28
Views: 2082

Re: iPad users: what browser are you using?

Safari: Offline reading. I like this functionality for train rides where the connection may not exist. Chrome: Find in page (for when I need to search). Safari for IOS has 'Find On This Page' capability built in. With the page you want to search loaded, type what you want to find in the address bar...
by CyberBob
Fri Feb 20, 2015 12:42 am
Forum: Investing - Theory, News & General
Topic: What is Risk?
Replies: 27
Views: 1563

Re: What is Risk?

The riskiness of an investment is not measured by beta (a Wall Street term encompassing volatility and often used in measuring risk) but rather by the probability – the reasoned probability – of that investment causing its owner a loss of purchasing-power over his contemplated holding period. Asset...
by CyberBob
Thu Feb 19, 2015 7:55 am
Forum: Local Chapters and Bogleheads Community
Topic: NE Ohio (Cleveland Area) Master Thread
Replies: 44
Views: 6155

Re: NE Ohio (Cleveland Area) Master Thread

April 11, 2015, 10:00 am
North Royalton Branch of Cuyahoga County Public Library
5071 Wallings Rd
North Royalton, OH 44133
by CyberBob
Tue Feb 17, 2015 12:02 pm
Forum: Local Chapters and Bogleheads Community
Topic: NE Ohio (Cleveland Area) Master Thread
Replies: 44
Views: 6155

Re: NE Ohio (Cleveland Area) Master Thread

Jpg wrote:Will there be a Cleveland meeting in Spring 2015 ?

April 11th
by CyberBob
Mon Feb 09, 2015 11:46 pm
Forum: Investing - Theory, News & General
Topic: Vanguard target date asset allocation
Replies: 23
Views: 2811

Re: Vanguard target date asset allocation

Vanguard's approach to target-date fund s goes into their reasoning for the high equity allocation in the early years. One reason being that an individual’s total net worth consists of both his or her current financial holdings and future work earnings. For younger individuals, the majority of thei...
by CyberBob
Mon Feb 09, 2015 12:55 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal strategy in retirement
Replies: 6
Views: 850

Re: Withdrawal strategy in retirement

Here's a Morningstar article discussing the mechanics of just such a strategy:
http://news.morningstar.com/articlenet/ ... 9&_QSBPA=Y
by CyberBob
Sun Feb 08, 2015 11:51 pm
Forum: Personal Consumer Issues
Topic: Which light bulbs are best bang for the buck?
Replies: 41
Views: 3787

Re: Which light bulbs are best bang for the buck?

Others have mentioned Cree, but specifically check out the newest generation of Cree bulbs, the 4Flow. The improvements include no big heatsink, which makes it drastically lighter. New design eliminates LED tower, which eliminates dark spot at the top of the bulb - important in downward-facing bathr...
by CyberBob
Fri Feb 06, 2015 11:57 am
Forum: Investing - Theory, News & General
Topic: 4% rule with % of current value ceiling
Replies: 27
Views: 2083

Re: 4% rule with % of current value ceiling

Check out Vanguard's 'Floor and Ceiling' paper A more dynamic approach to spending for investors in retirement.
Short version:
https://advisors.vanguard.com/iwe/pdf/FASDACB.pdf
Longer version:
https://pressroom.vanguard.com/content/ ... ending.pdf
by CyberBob
Thu Feb 05, 2015 8:43 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Radio Shack?
Replies: 47
Views: 3541

Re: Alternatives to Radio Shack?

Is there a Batteries Plus store near you?
http://www.batteriesplus.com
by CyberBob
Wed Feb 04, 2015 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Citibank Double Rewards %1+%1 Credit Card
Replies: 30
Views: 3449

Re: Citibank Double Rewards %1+%1 Credit Card

I balance transfer 10K from Citi double cash to lets say Chase Freedom, so I pay the entire Citi DoubleCash balance off by rolling over balance to another card, do I get 1% on that transaction? or does payment has to happen from bank account...? My purchase is clearly eligible for 1%, what is uncle...
by CyberBob
Wed Feb 04, 2015 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Citibank Double Rewards %1+%1 Credit Card
Replies: 30
Views: 3449

Re: Citibank Double Rewards %1+%1 Credit Card

The 1% when you buy and 1% when you pay is a bit gimmicky. And you don't actually get the second 1% when you pay, but rather after the end of the upcoming billing cycle.

But, that annoyance aside, I'm using it now rather than my Quicksilver (no foreign travel). Hard to ignore the cash back.
by CyberBob
Wed Feb 04, 2015 12:25 pm
Forum: Investing - Theory, News & General
Topic: "how to measure risk?"
Replies: 35
Views: 2031

Re: "how to measure risk?"

Staythecourse posted a great answer. The Roger Gibson idea that risk is a continuum with volatility at one end and shortfall risk/inflation at the other. And you can't escape risk. Moving away from one just exposes you more to the other. You've just got to get happy somewhere in the middle. Warren B...
by CyberBob
Tue Feb 03, 2015 7:56 pm
Forum: Investing - Theory, News & General
Topic: Is there a Fido equivalent of LifeStrategy Conservative Grow
Replies: 15
Views: 1159

Re: Is there a Fido equivalent of LifeStrategy Conservative

Realistically, though, I wouldn't - and don't - separate my emergency money into a separate fund. It may help you mentally to segregate it, but in reality it's all just part of one big investment pool. And I agree with the premise that I don't want to keep a large amount of cash essentially forever....

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