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Re: Small Cap Tilting

pingo wrote:Isn't value cheaper than growth by definition?

I had the same thought, although I confess I had a hard time following all of Montieth's article "No Silver Bullets in Investing."
by G-Money
Wed Mar 05, 2014 1:00 am
 
Forum: Investing - Theory, News & General
Topic: Small Cap Tilting
Replies: 84
Views: 6087

Re: Can Vanguard Become Too Big?

Disappointed that the article parrots the misconception of Vanguard being a not-for-profit. This has been discussed before, and it's just not so. It has a unique corporate structure, but it is not a not-for-profit. I believe VG is considered to be " Client Owned " The two concepts are not...
by G-Money
Tue Mar 04, 2014 10:26 pm
 
Forum: Investing - Theory, News & General
Topic: Can Vanguard Become Too Big?
Replies: 24
Views: 3630

Re: international piece of asset allocation

I was never persuaded by the argument that the fact US companies do business overseas eliminates the need for international equities. Foreign companies do business in the US, too. So would international equities alone suffice? Here's Vanguard's research paper on the matter: https://personal.vanguard...
by G-Money
Tue Mar 04, 2014 9:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: international piece of asset allocation
Replies: 6
Views: 403

Re: Will global diversification improve SWR in the U.S.?

Over the longest time horizon, there isn't any return advantage to U.S. investors being globally diversified. Not "isn't." "Hasn't been." Verb tense matters, unless you can buy past performance. You simply can't expect there to be any advantage over any given time horizon, so wh...
by G-Money
Tue Mar 04, 2014 6:21 pm
 
Forum: Investing - Theory, News & General
Topic: Will global diversification improve SWR in the U.S.?
Replies: 12
Views: 486

Re: Will global diversification improve SWR in the U.S.?

So, like I said, it's period dependent. That's how diversification works. Again, isn't this obvious? Which period are you expecting to be in for the next 30 years? Over the longest time horizon, there isn't any return advantage to U.S. investors being globally diversified. You simply can't expect t...
by G-Money
Tue Mar 04, 2014 6:16 pm
 
Forum: Investing - Theory, News & General
Topic: Will global diversification improve SWR in the U.S.?
Replies: 12
Views: 486

Re: Can Vanguard Become Too Big?

Disappointed that the article parrots the misconception of Vanguard being a not-for-profit. This has been discussed before, and it's just not so. It has a unique corporate structure, but it is not a not-for-profit. Would have liked to see a specific example of a "normal accident" that coul...
by G-Money
Tue Mar 04, 2014 6:04 pm
 
Forum: Investing - Theory, News & General
Topic: Can Vanguard Become Too Big?
Replies: 24
Views: 3630

Re: Will global diversification improve SWR in the U.S.?

Seems obvious to me. The whole idea behind diversification is that you won't have the best outcome, but you'll also avoid the worst. I think that's the only reason it makes sense to globally diversify. But we keep getting poured on with misleading information that global diversification improves re...
by G-Money
Tue Mar 04, 2014 5:54 pm
 
Forum: Investing - Theory, News & General
Topic: Will global diversification improve SWR in the U.S.?
Replies: 12
Views: 486

Re: Banning +1 in Boglehead forums

VictoriaF wrote:
G-Money wrote:
LAlearning wrote:Also did you know you can only post 20 smilies? I propose increasing this to at least 200!

Hadn't known about that. Just tested it out. Interesting!


If :sharebeer counts as one smile, you can use twenty of them to double the impact.

Victoria

:sharebeer
by G-Money
Tue Mar 04, 2014 4:48 pm
 
Forum: Forum Issues and Administration
Topic: Banning +1 in Boglehead forums
Replies: 53
Views: 2146

Re: Will global diversification improve SWR in the U.S.?

Seems obvious to me. The whole idea behind diversification is that you won't have the best outcome, but you'll also avoid the worst. I think that's the only reason it makes sense to globally diversify. But we keep getting poured on with misleading information that global diversification improves re...
by G-Money
Tue Mar 04, 2014 4:45 pm
 
Forum: Investing - Theory, News & General
Topic: Will global diversification improve SWR in the U.S.?
Replies: 12
Views: 486

Re: Banning +1 in Boglehead forums

LAlearning wrote:Also did you know you can only post 20 smilies? I propose increasing this to at least 200!

Hadn't known about that. Just tested it out. Interesting!
by G-Money
Tue Mar 04, 2014 4:40 pm
 
Forum: Forum Issues and Administration
Topic: Banning +1 in Boglehead forums
Replies: 53
Views: 2146

Re: 25 YR Old Just Starting Out-Help with 401K/Investing

Watch the fixed income allocation. You could easily live to 100. I strongly encourage you to move to 100% equity allocation ASAP. You will certainly--certainly--thank me in 50 years. Look at any DJIA chart for the last 100 years if you doubt me. And research the number of ten year periods in which ...
by G-Money
Tue Mar 04, 2014 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: 25 YR Old Just Starting Out-Help with 401K/Investing
Replies: 11
Views: 1544

Re: Banning +1 in Boglehead forums

1. I have seen emoticons (lowest intellectual, not actual, life forms in posts. Unfamiliar with "intellectual life forms." 2. Yes, others have brought this issue up. I find it interesting that some posters with thousands of posts indicated tend to use the +1. Perhaps +1 responses should n...
by G-Money
Tue Mar 04, 2014 2:42 pm
 
Forum: Forum Issues and Administration
Topic: Banning +1 in Boglehead forums
Replies: 53
Views: 2146

Re: Equity line of credit

Yes, you should shop around. You could get a HELOC at Prime - .5% (currently 2.75%) with no closing costs or annual fee from Hanscom Federal Credit Union. Similar standards to join as PenFed.
by G-Money
Tue Mar 04, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Equity line of credit
Replies: 2
Views: 192

Re: Get ready for the Dow at 6,000 by 2016: Pro

In his 2006 work, Dent predicted, “The Dow hitting 40,000 by the end of the decade, the NASDAQ['s] advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009 … The Great Boom['s] resurging into its final and strongest stage in 2007, and even ...
by G-Money
Tue Mar 04, 2014 2:36 pm
 
Forum: Investing - Theory, News & General
Topic: Get ready for the Dow at 6,000 by 2016: Pro
Replies: 46
Views: 4492

Re: Feedback on this Emergency Fund AA I'm thinking of

Not a fan of money market funds. They all yield essentially 0%. For less risk, you can invest in an FDIC-insured online savings account and get closer to 1%. I don't personally have a problem with having stocks as part of your emergency fund. I don't really have an emergency fund anymore, having dec...
by G-Money
Tue Mar 04, 2014 2:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Feedback on this Emergency Fund AA I'm thinking of
Replies: 4
Views: 448

Re: My Company's Retirement Seminar. . . What a sham!

It's at least possible that some of your colleagues were feigning interest so it didn't seem rude that they were collecting all the freebies for their kids to play with. I've definitely been guilty of that.
by G-Money
Tue Mar 04, 2014 2:21 pm
 
Forum: Investing - Theory, News & General
Topic: My Company's Retirement Seminar. . . What a sham!
Replies: 15
Views: 2498

Re: Banning +1 in Boglehead forums

Peebs wrote:Emoticons are the lowest intellectual life form in any forum and the +1s are just one level up.

Didn't think that emoticons or +1s were actual life forms.
by G-Money
Tue Mar 04, 2014 2:17 pm
 
Forum: Forum Issues and Administration
Topic: Banning +1 in Boglehead forums
Replies: 53
Views: 2146

Re: Banning +1 in Boglehead forums

We've been down this road before: viewtopic.php?t=37150
by G-Money
Tue Mar 04, 2014 2:13 pm
 
Forum: Forum Issues and Administration
Topic: Banning +1 in Boglehead forums
Replies: 53
Views: 2146

Re: Small Cap Tilting

Small Growth gets very little love on this forum. In fact, Larry Swedroe calls it the "black hole of investing." So I'm curious why you haven't been able to write off that one.
by G-Money
Tue Mar 04, 2014 2:11 pm
 
Forum: Investing - Theory, News & General
Topic: Small Cap Tilting
Replies: 84
Views: 6087

Re: Will global diversification improve SWR in the U.S.?

Seems obvious to me. The whole idea behind diversification is that you won't have the best outcome, but you'll also avoid the worst.
by G-Money
Tue Mar 04, 2014 2:07 pm
 
Forum: Investing - Theory, News & General
Topic: Will global diversification improve SWR in the U.S.?
Replies: 12
Views: 486

Re: Small Cap Tilting

Domestically, I tilt to SCV using Vanguard Small-Cap Value Index Fund (VSIAX). Internationally, I tilt to SCB using Vanguard FTSE All World ex-US Small Cap Index (VFSVX). I'd prefer to tilt to SCV for international, too, but haven't found any attractive options. So I voted "small value" in...
by G-Money
Tue Mar 04, 2014 1:59 pm
 
Forum: Investing - Theory, News & General
Topic: Small Cap Tilting
Replies: 84
Views: 6087

Re: Amazon 10% Fed refund bonus with TurboTax

Completely forgot about this. Too late for me now. Maybe next year.
by G-Money
Tue Mar 04, 2014 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Amazon 10% Fed refund bonus with TurboTax
Replies: 30
Views: 5196

Re: Do account transfer fees come out of account balance?

Call Fidelity. You may be able to write a separate check.

In the bad old days, I remember writing a check ($10 or so) to American Funds to cover some fee involved with my Roth IRA so it didn't come out of my annual contribution limits. Wasn't an option with the front-end load I paid. :oops:
by G-Money
Tue Mar 04, 2014 11:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Do account transfer fees come out of account balance?
Replies: 3
Views: 192

Re: New mutual funds better than older ones? - CNNMoney

Didn't bother to read the study, but what about survivorship bias? Older funds should be expected to roughly mirror their appropriate benchmark over a long enough period of time. This will be particularly true as (older) funds accumulate more assets, and effectively become closet indexes. Newer fund...
by G-Money
Tue Mar 04, 2014 10:25 am
 
Forum: Investing - Theory, News & General
Topic: New mutual funds better than older ones? - CNNMoney
Replies: 6
Views: 591

Re: SFILX-why is it largest holding SCZ?

^ There's a reason iShares put the proviso of "in the same fund family." When it's not in the same fund family, it's just part of the underlying expense of the investment, just like the rent Exxon pays for its office space isn't part of VTI's expense ratio. It's rather meaningless in this ...
by G-Money
Tue Mar 04, 2014 8:50 am
 
Forum: Investing - Help with Personal Investments
Topic: SFILX-why is it largest holding SCZ?
Replies: 9
Views: 410

Re: SFILX-why is it largest holding SCZ?

No, you almost certainly are paying twice. The ER is the calculation of the operating expenses of the mutual fund. This is the calculation of the management fees, recordkeeping fees, legal expenses, auditing expenses, etc. http://www.investopedia.com/terms/e/expenseratio.asp. The ER of an underlying...
by G-Money
Tue Mar 04, 2014 6:51 am
 
Forum: Investing - Help with Personal Investments
Topic: SFILX-why is it largest holding SCZ?
Replies: 9
Views: 410

Re: SFILX-why is it largest holding SCZ?

BTW, good on you for looking under the hood. I imagine most investors in that fund never bother.
by G-Money
Mon Mar 03, 2014 11:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: SFILX-why is it largest holding SCZ?
Replies: 9
Views: 410

Re: SFILX-why is it largest holding SCZ?

My guess would be this is used to maintain closer to 100% exposure to the market, while still maintaining liquidity to meet redemptions. SCZ is a (relatively) liquid ETF in the international small cap space. Even though the expenses are higher (you're paying ER on SCZ and SFILX for that holding), it...
by G-Money
Mon Mar 03, 2014 11:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: SFILX-why is it largest holding SCZ?
Replies: 9
Views: 410

Re: Allocation of USA/EFA/Emerging

gkaplan wrote:What's EFA?

iShares MSCI EAFE Index Fund ETF. Also perhaps a typo for EAFE itself.
by G-Money
Mon Mar 03, 2014 11:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Allocation of USA/EFA/Emerging
Replies: 5
Views: 212

Re: Used $35k Porsche on $64k income?

That's a lot of money for a used car. But to each his or her own.
by G-Money
Mon Mar 03, 2014 10:58 pm
 
Forum: Personal Consumer Issues
Topic: Used $35k Porsche on $64k income?
Replies: 95
Views: 6383

Re: VTI v. VTSAX: any reason to do one over the other in a R

Pretty much the same thing. If you like ETFs, use VTI. If you don't, use VTSAX.
by G-Money
Mon Mar 03, 2014 7:32 pm
 
Forum: Investing - Theory, News & General
Topic: VTI v. VTSAX: any reason to do one over the other in a Roth?
Replies: 11
Views: 633

Re: International Fund Merger Info

Why disgusted? My understanding from Vanguard's press release was that the Developed Market Index and the Tax-Managed International fund had similar holdings and used the same benchmark.
by G-Money
Mon Mar 03, 2014 6:45 pm
 
Forum: Investing - Theory, News & General
Topic: International Fund Merger Info
Replies: 16
Views: 779

Re: Is John Bogle Wrong on Retirement Asset Allocation?

If you're setting your asset allocation based upon your need, willingness, and ability to take risk, then it doesn't matter. You'll get to the same asset allocation (in terms of dollars in stocks, dollars in bonds, cash flow from pension/SS) regardless. I don't think anyone can be objectively wrong ...
by G-Money
Mon Mar 03, 2014 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is John Bogle Wrong on Retirement Asset Allocation?
Replies: 43
Views: 4817

Re: Allocation of USA/EFA/Emerging

61.8% US. 38.2% International. I use Total International and Global ex-US Small Cap. So I'm about 27.8% EAFE and 6.8% Emerging. The rest is in Canada and the developed Middle East, neither of which are in US, EAFE, or Emerging. Edit to add: Why? I think global weighting is fine, but due to the highe...
by G-Money
Mon Mar 03, 2014 4:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Allocation of USA/EFA/Emerging
Replies: 5
Views: 212

Re: Benjamin Graham thinks current S&P valuations are reason

Fat-Tailed Contagion wrote:Why do you think he used a AA bond and not a 10-year Treasury ?

Just a guess, maybe AA was the average credit rating of the stocks that Graham considered investing in? So perhaps he was essentially considering whether it would be better to own the company or loan the company money?
by G-Money
Mon Mar 03, 2014 4:28 pm
 
Forum: Investing - Theory, News & General
Topic: Benjamin Graham thinks current S&P valuations are reasonable
Replies: 54
Views: 5725

Re: REIT Magazine

Nope. Never dabbled in individual REITs, and sold off my REIT index funds.
by G-Money
Mon Mar 03, 2014 4:23 pm
 
Forum: Investing - Theory, News & General
Topic: REIT Magazine
Replies: 3
Views: 376

Re: Timing Russian stocks right now

What Russian companies do you have in mind whose stock is traded on an American stock exchange? Yandex (YNDX). Trades on the NASDAQ. Well, it's down 13% today. I have no idea if that's too much, too little, or just right. I take it for granted that the market--especially the hedge funds, endowments...
by G-Money
Mon Mar 03, 2014 4:21 pm
 
Forum: Investing - Theory, News & General
Topic: Timing Russian stocks right now
Replies: 22
Views: 1304

Re: short term investment as of today

VMLTX has an SEC yield of 0.70%. The best 3 year CD shown on depositaccounts.com is 1.60% (I searched only Nationwide banks, because I didn't feel like looking up the eligibility requirements for credit unions and I don't know what state you live in). So long as your marginal federal tax rate is low...
by G-Money
Mon Mar 03, 2014 3:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: short term investment as of today
Replies: 11
Views: 787

Re: Timing Russian stocks right now

I am by no means an expert, I am a novice. I was talking about Russian companies that are traded in the US. Are they not different from Russian companies traded in Russia? I thought regulations would be much better in the US. Not quite sure what you're asking. As I understand the term, a Russian co...
by G-Money
Mon Mar 03, 2014 3:13 pm
 
Forum: Investing - Theory, News & General
Topic: Timing Russian stocks right now
Replies: 22
Views: 1304

Re: How much is a fair hourly fee?

Wouldn't a "fair" fee simply be the fee that market will bear? In the economic sense, yes. In the Boglehead sense, "fair" is the level at which a majority of posters--most of whom would never use the service if it cost anything at all--would not complain that the fee is "to...
by G-Money
Mon Mar 03, 2014 2:50 pm
 
Forum: Investing - Theory, News & General
Topic: How much is a fair hourly fee?
Replies: 86
Views: 4832

Re: Why the love for target date funds?

A few thoughts: 1. Most investors don't have a taxable account, other than a checking account. Heck, I'd be surprised if most investors had Traditional/Roth IRAs. For many, many investors, their 401(k) is their only retirement savings account. 2. This board is very clear that the AA should dominate ...
by G-Money
Mon Mar 03, 2014 2:30 pm
 
Forum: Investing - Theory, News & General
Topic: Why the love for target date funds?
Replies: 71
Views: 3641

Re: Timing Russian stocks right now

Not to make this a political thread, but I think ethics can play sometimes in investing decisions. I would ask myself, why would I send my hard earned capital to Russia, while it is clearly breaking international treaties that it signed. Somehow I would feel that I am supporting them by giving them...
by G-Money
Mon Mar 03, 2014 2:23 pm
 
Forum: Investing - Theory, News & General
Topic: Timing Russian stocks right now
Replies: 22
Views: 1304

Re: How much is a fair hourly fee?

Toons wrote:Out of curiosity can someone shed light on what I would be getting for a few 300 per hour conversations with fee :happy advisor,,I truly might be missing out on something.

Probably not much that you haven't already read since you joined Bogleheads 5+ years ago.
by G-Money
Mon Mar 03, 2014 2:06 pm
 
Forum: Investing - Theory, News & General
Topic: How much is a fair hourly fee?
Replies: 86
Views: 4832

Re: How Frequently Should A CO Detector Be Replaced?

I just bought one of these: http://www.kidde.com/SafetyMadeSimple/P ... xTAE-NdWpU. It theoretically beeps once its 10 years are up. I will likely replace the others with these in the next few years.
by G-Money
Mon Mar 03, 2014 1:47 pm
 
Forum: Personal Consumer Issues
Topic: How Frequently Should A CO Detector Be Replaced?
Replies: 14
Views: 711

Re: Does Buffett disagree with 3-fund portfolio?

I think WB would almost certainly approve of 1/3 of the Three Fund Portfolio, might approve of another 1/3 of the Three Fund Portfolio, and would recommend not using 1/3 of the Three Fund Portfolio.
by G-Money
Mon Mar 03, 2014 1:42 pm
 
Forum: Investing - Theory, News & General
Topic: Does Buffett disagree with 3-fund portfolio?
Replies: 27
Views: 2147

Re: Timing Russian stocks right now

Looking at Russian companies that are traded in the US, they have plummeted due to the current situation with Ukraine. Would anyone here look at this and come to the conclusion that a certain company has become undervalued? How would one go about knowing if people were panic selling, which has brie...
by G-Money
Mon Mar 03, 2014 1:35 pm
 
Forum: Investing - Theory, News & General
Topic: Timing Russian stocks right now
Replies: 22
Views: 1304

Re: Balanced or Target Fund?

I'm not a target/balanced fund person myself, so I've not done a lot of homework on these funds. But I think all VG target date funds have a taper built into them and don't stay around 50/50 AA for very many years. Perhaps a mix of Wellington and Wellesley would provide a static AA that won't drift...
by G-Money
Mon Mar 03, 2014 1:29 pm
 
Forum: Investing - Theory, News & General
Topic: Why the love for target date funds?
Replies: 71
Views: 3641

Re: What does Vgd charge for small biz 401k?

Overview of what Vanguard offers and what they charge: https://investor.vanguard.com/what-we-offer/small-business/overview?Link=facet If none of those plans fit the bill, there are other outfits that charge modest fees and provide access to Vanguard Funds. Employee Fiduciary is one that gets recomme...
by G-Money
Mon Mar 03, 2014 12:27 pm
 
Forum: Investing - Theory, News & General
Topic: What does Vgd charge for small biz 401k?
Replies: 1
Views: 193

Re: Why the love for target date funds?

If my employer offered Vanguard Target Retirement Funds in my 401(k), I'd be very tempted to simply go 100% Target Retirement in our Roths as well and be done with it.
by G-Money
Mon Mar 03, 2014 12:23 pm
 
Forum: Investing - Theory, News & General
Topic: Why the love for target date funds?
Replies: 71
Views: 3641
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