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Re: Jack Bogle: Ignore market headlines

^-- Some great headlines to practice "ignoring" :D Personally, I like staying tuned in to the "noise" I just don't act on it :beer
by JoMoney
Thu Oct 30, 2014 8:13 am
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle: Ignore market headlines
Replies: 2
Views: 346

Jack Bogle: Ignore market headlines

Chuck Jaffe interviews Mr.Bogle: http://www.marketwatch.com/story/jack-bogle-ignore-market-headlines-2014-10-30?link=MW_home_latest_news Not much new here, but always good to hear Mr.Bogle go over his view on various topics -Bonds and interest rates -Tuning out "the noise" -Source of retur...
by JoMoney
Thu Oct 30, 2014 7:26 am
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle: Ignore market headlines
Replies: 2
Views: 346

Re: IRS Announces new 401(k) contribution max for 2015 ($18,

Question: the IRS says that defined contribution plans has a hard limit of $53,000. (the 415 limit) Employee-only part we can only contribute $18,000. So my question is...how the heck can I max out the "real" max of 53000? You can only contribute $18,000 pre-tax. Some plans allow for post...
by JoMoney
Thu Oct 30, 2014 6:30 am
 
Forum: Investing - Theory, News & General
Topic: IRS Announces new 401(k) contribution max for 2015 ($18,000)
Replies: 47
Views: 6439

Re: How are you supposed to move a 401k

This scenario is something I've thought about alot, since I know someday I'm going to be faced with the same problem but with a very large amount. So far, I've only come up with a couple possible options, I would be interested in anyone has ideas or experience with implementing them: 1) I have a Van...
by JoMoney
Thu Oct 30, 2014 5:11 am
 
Forum: Investing - Help with Personal Investments
Topic: How are you supposed to move a 401k
Replies: 17
Views: 781

Re: A Challenge for Bogleheads - the market has changed

It doesn't have to be an all or nothing proposition. If you really believe you can out-guess the market and earn something extra beyond the markets return, then maybe that is what you should do. I might doubt your ability to do so, and it should be clear that it would be impossible for even most peo...
by JoMoney
Wed Oct 29, 2014 8:12 am
 
Forum: Investing - Theory, News & General
Topic: A Challenge for Bogleheads - the market has changed
Replies: 43
Views: 3516

Re: Individual investors behaving badly

Not good, but at least the individual investor isn't paying a mutual fund manager for their poor performance.
by JoMoney
Wed Oct 29, 2014 3:31 am
 
Forum: Investing - Theory, News & General
Topic: Individual investors behaving badly
Replies: 11
Views: 1838

Re: who decides the stock price?

In real estate, they usually look at values as the price where a willing buyer and a willing seller meet, and ignore sales that occur from foreclosures and the like. In the stock market, (unless the transaction is occurring outside of the major exchanges) it doesn't seem to matter whether the sale w...
by JoMoney
Wed Oct 29, 2014 3:26 am
 
Forum: Investing - Theory, News & General
Topic: who decides the stock price?
Replies: 17
Views: 1276

Re: Checking monthly - may not even notice the October "cras

John3754 wrote:Bogleheads say they ignore the noise, but many don't actually seem to.

Bogleheads say lots of things that they don't all mutually agree on.
by JoMoney
Tue Oct 28, 2014 4:47 pm
 
Forum: Investing - Theory, News & General
Topic: Checking monthly - may not even notice the October "crash"
Replies: 41
Views: 2657

Re: Checking monthly - may not even notice the October "cras

As someone still accumulating, it's upsetting that I only got one paycheck in time to purchase during those levels.
by JoMoney
Tue Oct 28, 2014 4:30 pm
 
Forum: Investing - Theory, News & General
Topic: Checking monthly - may not even notice the October "crash"
Replies: 41
Views: 2657

Re: Do stocks have an intrinsic fundamental value?

Is common stock ownership the same as ownership in the entity that issued that stock? Typically, a retail shareholder: 1) has no say in how the entity is run; that is, no meaningful way to participate in corporate governance; 2) marginally participates in profits, by way of a dividend, if one is av...
by JoMoney
Tue Oct 28, 2014 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: Do stocks have an intrinsic fundamental value?
Replies: 31
Views: 1908

Re: Who says a stock is either "value" or "growth"?

http://www.berkshirehathaway.com/letters/1992.html ... But how, you will ask, does one decide what's "attractive"? In answering this question, most analysts feel they must choose between two approaches customarily thought to be in opposition: "value" and "growth." Inde...
by JoMoney
Tue Oct 28, 2014 5:48 am
 
Forum: Investing - Theory, News & General
Topic: Who says a stock is either "value" or "growth"?
Replies: 25
Views: 1974

Re: Who says a stock is either "value" or "growth"?

Doesn't Vanguard just divide the S&P 500 in half by P/E and call the low P/E companies the S&P 500 Value Fund/ETF and the high P/E companies the S&P 500 Growth Fund/ETF? All you have to do is choose your metric, P/E, Book Value, Cash Flow, Yield, and what percentage of the market you wa...
by JoMoney
Tue Oct 28, 2014 5:27 am
 
Forum: Investing - Theory, News & General
Topic: Who says a stock is either "value" or "growth"?
Replies: 25
Views: 1974

Re: Do stocks have an intrinsic fundamental value?

I believe stocks have an intrinsic value. I don't believe a lot of the premises of the "Efficient Market Hypothesis". There are people out there who trade stocks on the regular basis using a variety of methodologies and earn excess returns. What's clear though, is that any excess return in...
by JoMoney
Mon Oct 27, 2014 5:52 am
 
Forum: Investing - Theory, News & General
Topic: Do stocks have an intrinsic fundamental value?
Replies: 31
Views: 1908

Re: ITOT vs. VTI [iShares Total US Stock ETF vs. Vanguard]

It's not likely to make any long-term difference, the similarities are so so close as to make any differences meaningless over the long-term. But, FWIW S&P uses slightly different criteria for constructing their indexes. Sometimes what they "filter" out is beneficial, sometimes its a d...
by JoMoney
Sun Oct 26, 2014 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: ITOT vs. VTI [iShares Total US Stock ETF vs. Vanguard]
Replies: 14
Views: 849

Re: A fund "adviser's" financial strength: important?

In an extreme case I would assume 2 things. Like hedge funds they sell their most liquid assets first and second mark to market prices would be low. I don't think I'd want to be part of a mutual-fund that does this. Seems like it could leave the long-term shareholders holding a bag of illiquid asse...
by JoMoney
Sat Oct 25, 2014 9:23 pm
 
Forum: Investing - Theory, News & General
Topic: A fund "adviser's" financial strength: important?
Replies: 6
Views: 738

Re: Done with Honda, not sure what next car should be?

countofmc wrote:... A company that may actually put quality/safety over profits, and has a company culture that may reflect these views...
This used to be Volvo, but things may have changed over the various mergers and new owners over time
Assar Gabrielsson and Gustav Larson 1927 wrote:Cars are driven by people. The guiding principle behind everything we make at Volvo, therefore, is and must remain, safety ...
http://en.wikipedia.org/wiki/Volvo_Cars#History
by JoMoney
Sat Oct 25, 2014 4:30 pm
 
Forum: Personal Consumer Issues
Topic: Done with Honda, not sure what next car should be?
Replies: 77
Views: 6874

Re: What is the recommended amount of international holdings

...why should I care if that company is headquartered in the U.S., or Europe, or Asia, or the moon?... Maybe because it poses different risks and concerns involving currency exchange rates, taxes, different accounting/auditing policies, availability of public information, less clear "ownership...
by JoMoney
Fri Oct 24, 2014 10:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is the recommended amount of international holdings?
Replies: 15
Views: 1689

Re: What is the recommended amount of international holdings

I don't have an international allocation. That being said, I'm always interested in the reasoning people have for choosing whatever allocation they choose. To me, I would think that if I chose to invest in international stocks, and didn't have any kind of preference or "view" on it, the de...
by JoMoney
Fri Oct 24, 2014 8:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is the recommended amount of international holdings?
Replies: 15
Views: 1689

Re: What kind of index funds did Vanguard have 1976-1992?

Something to keep in mind, is that in the aggregate we are all "Total Market" indexers, and always have been. Regardless of the various weightings, trading schemes, and styles we come up with individually. Even without true "index funds" being available in the past, there have be...
by JoMoney
Fri Oct 24, 2014 7:47 pm
 
Forum: Investing - Theory, News & General
Topic: What kind of index funds did Vanguard have 1976-1992?
Replies: 9
Views: 1240

Re: Reserve Primary Fund, Final Distribution

Very sad. In FDIC we trust. There have been a few threads that discussed the fact that at least in theory, treasuries have lower credit risk than an FDIC bank account, because although it's implied that the government stands behind FDIC it's somewhat left open to interpretation. This is why we are ...
by JoMoney
Fri Oct 24, 2014 7:27 pm
 
Forum: Investing - Theory, News & General
Topic: Reserve Primary Fund, Final Distribution
Replies: 9
Views: 726

Re: Reserve Primary Fund, Final Distribution

I've used the Vanguard Short-Term bond index fund as a highly liquid short-term savings account for a long time. I really enjoy the the fact that it's been very liquid and paid interest at a more than competitive rate than some alternatives. The bulk of the fund is short-term treasuries, which are u...
by JoMoney
Fri Oct 24, 2014 5:33 pm
 
Forum: Investing - Theory, News & General
Topic: Reserve Primary Fund, Final Distribution
Replies: 9
Views: 726

Re: "Jack Bogle on Warren Buffett, Bill Gross and How to Inv

Arguing about the differences between the S&P500 and "Total Stock Market" is almost as irrelevant as arguing about differences between the Wilshire 5000, the Russell 3000, the MSCI U.S. Investable Market 2500 Index, or any of the other broad U.S. Market-Cap weighted index. There are so...
by JoMoney
Fri Oct 24, 2014 5:18 pm
 
Forum: Investing - Theory, News & General
Topic: "Jack Bogle on Warren Buffett, Bill Gross and How to Invest"
Replies: 17
Views: 2902

Re: More funds = more "efficient" rebalancing?

The logical extreme of this would be something like an "equal weight" index fund that attempts to own every stock and maintain them at equal weights by constantly rebalancing every stock. I imagine a trading strategy that follows something like that works well when there is a lot of disper...
by JoMoney
Fri Oct 24, 2014 8:22 am
 
Forum: Investing - Theory, News & General
Topic: More funds = more "efficient" rebalancing?
Replies: 27
Views: 1623

Re: Historical corp bond annual returns?

Another good source might be DFA's "The Matrix Book", google " DFA Matrix Book 2014 " and you'll find a link to a copy of the current one. They have a matrix chart that will give you the total annual returns on long-term corporate bonds between any two points from 1929 through 20...
by JoMoney
Fri Oct 24, 2014 6:50 am
 
Forum: Investing - Theory, News & General
Topic: Historical corp bond annual returns?
Replies: 7
Views: 480

Re: Hedge CDs with long-term Treasurys?

Depending on how much you're planning on buying, I would think EE Savings Bonds would look more appealing for an individual U.S. investors at today's rates. The fact that the EE Savings Bonds are guaranteed to double in 20 years means if you hold onto them for that length of time your effective rat...
by JoMoney
Thu Oct 23, 2014 4:51 pm
 
Forum: Investing - Theory, News & General
Topic: Hedge CDs with long-term Treasurys?
Replies: 8
Views: 771

Re: Bogle and dry powder

Here's another Bogle quote, which I believe indicates he doesn't look at bonds as a tool for buying stocks when they dip: http://live.wsj.com/video/jack-bogle-why-mark-cuban-is-wrong-on-investing/A12A870B-7B21-42F5-BCA6-69329DDF5CA0.html#!A12A870B-7B21-42F5-BCA6-69329DDF5CA0 ...buy and hold stocks, ...
by JoMoney
Thu Oct 23, 2014 4:41 pm
 
Forum: Investing - Theory, News & General
Topic: Bogle and dry powder
Replies: 29
Views: 4940

Re: Hedge CDs with long-term Treasurys?

Depending on how much you're planning on buying, I would think EE Savings Bonds would look more appealing for an individual U.S. investors at today's rates. The fact that the EE Savings Bonds are guaranteed to double in 20 years means if you hold onto them for that length of time your effective rate...
by JoMoney
Thu Oct 23, 2014 4:15 pm
 
Forum: Investing - Theory, News & General
Topic: Hedge CDs with long-term Treasurys?
Replies: 8
Views: 771

Re: Leon Cooperman giving the same advice as Warren

Screening for investment worthiness sounds an awful lot like active management. I see that as a downside. I guess if you believe in active management on the other hand.... I think there's been debates on here regarding the fact that anything that's not "the total market" portfolio is acti...
by JoMoney
Wed Oct 22, 2014 6:17 am
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3269

Re: DOW Watchers Stomach Syndrome

cfs wrote:From my side of the keyboard.

Just back from my lung distance workout (lung is not a typo), as per radio news all the major market indexes had an up day, time IN the market continues to be the real thing. Invest slowly and for the long run.

Good advice.. love your posts cfs !
by JoMoney
Tue Oct 21, 2014 4:50 pm
 
Forum: Investing - Theory, News & General
Topic: DOW Watchers Stomach Syndrome
Replies: 25
Views: 2093

Re: Leon Cooperman giving the same advice as Warren

... While the difference between them is admittedly not very large (and perhaps not even significant) TSM is better for several reasons: 1) More diversified 2) More small tilted 3) Higher returning historically (8.1% vs 8.61% over the last 10 years) 4) The S&P 500 index funds get front-run 5) T...
by JoMoney
Tue Oct 21, 2014 4:35 pm
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3269

Re: Debit Card was hacked. Should I just use cash from now

I refuse to use my primary bank debit card for anything but taking cash out of bank ATM machines that I feel are trustworthy. I have credit cards that offer bonus points, and have no problems paying off my monthly balance in full, so this is my preferred method of payment. I enjoy the various protec...
by JoMoney
Tue Oct 21, 2014 5:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Debit Card was hacked. Should I just use cash from now on?
Replies: 54
Views: 3367

Re: Why I won't have bond funds

...I would love to find a bond fund that could be both a safe haven and could provide steady returns, but I just don’t think that exists anymore. The other side of this though, is that there are no equity funds that are a " safe haven and provide steady returns " either. If you decide to ...
by JoMoney
Tue Oct 21, 2014 4:47 am
 
Forum: Investing - Theory, News & General
Topic: Why I won't have bond funds
Replies: 54
Views: 7925

Re: Leon Cooperman giving the same advice as Warren

I'm not going to take the advice of anyone who can't see that a TSM index fund is superior to a S&P 500 Index fund. Maybe whoever you're referring to (I'm guessing Buffett?) has different preferences than you. Not everyone believes that more is always better, that diversification means owning &...
by JoMoney
Tue Oct 21, 2014 3:07 am
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3269

Re: DOW Watchers Stomach Syndrome

Doc, you've been here for a while. I don't recall you having such a visceral reaction to market noise. There really is more to life than focusing on the DOW intraday. Sometimes I get drawn in, realize what is occurring and fight tooth and nail to ward it off. It is what it is. I don't. I just happe...
by JoMoney
Mon Oct 20, 2014 5:01 pm
 
Forum: Investing - Theory, News & General
Topic: DOW Watchers Stomach Syndrome
Replies: 25
Views: 2093

Re: Why not 100% Stocks?

I decided to go 100% stock in my portfolio after I paid off my house. Seems like a no brainer to me. House is kinda like a big bond anyways. Though in a true crisis/left tail event pretty hard to rebalance from. Are bonds only for "rebalancing" purposes? I think that raises the question o...
by JoMoney
Mon Oct 20, 2014 4:31 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20856

Re: Leon Cooperman giving the same advice as Warren

LINK: http://www.cnbc.com/id/102102682 I'm not / wasn't familiar with Leon Cooperman, I did enjoy hearing his perspective. "We feel pretty comfortable ... I've been far too cautious on bonds, but believe me they make no sense at this level of return." That quote wasn't in the video snip, b...
by JoMoney
Mon Oct 20, 2014 4:00 pm
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3269

Re: WSJ's Jon Clements: "How to Make Your Savings Outlive Yo

Seems to me it's essentially advocating using the method outlined by the IRS for "Required Minimum Distributions" on an IRA. The same method can be used as one of the options to tap an IRA for early withdrawals via 72(t) SEPP distributions. As the participant gets considerably older, they ...
by JoMoney
Sun Oct 19, 2014 4:03 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ's Jon Clements: "How to Make Your Savings Outlive You"
Replies: 14
Views: 2825

Re: How is PSPTX outperforming VFIAX?

Agreed. But it is interesting that these funds are even able to keep up - I just looked at the fund prospectus and their portfolio turnover is greater than 400% (which alone accounts for around approximately 4% in taxes). - Jack I'm sure the tax hit will take a bite for anyone who owns that fund in...
by JoMoney
Sun Oct 19, 2014 4:16 am
 
Forum: Investing - Theory, News & General
Topic: How is PSPTX outperforming VFIAX?
Replies: 4
Views: 444

Re: How is PSPTX outperforming VFIAX so consistently?

What's going on here, folks? Today is the first time I am coming across a managed fund that does better than the index ... http://stockcharts.com/freecharts/perf.php?VFIAX,PSPTX&n=2792&O=011000 If you look, I think you'll find all sorts of managed/active funds that have had higher returns t...
by JoMoney
Sun Oct 19, 2014 2:16 am
 
Forum: Investing - Theory, News & General
Topic: How is PSPTX outperforming VFIAX?
Replies: 4
Views: 444

Re: Thoughts on Paul Merriman's Portfolio

I don't see the issue as whether or not people can go through the motions of allocating and rebalancing such portfolios, it's whether or not there is any benefit for doing so. You make your bets, and you takes your chances...
by JoMoney
Sun Oct 19, 2014 1:43 am
 
Forum: Investing - Theory, News & General
Topic: Thoughts on Paul Merriman's Portfolio
Replies: 38
Views: 2287

Re: Stocks as long term investments

IBM is still rated as a strong buy but there are probably better stocks to put your money in. I think IBM is intriguing. Lots of controversy there, they seem to be either a slowly sinking ship with lots of assets or undergoing a major transformation. I would be interested in knowing what Warren Buf...
by JoMoney
Sat Oct 18, 2014 8:17 pm
 
Forum: Investing - Theory, News & General
Topic: Stocks as long term investments
Replies: 57
Views: 4797

Re: Thoughts on Paul Merriman's Portfolio

I think they are over complicating what can be achieved at lower cost with less complexity. There seems to be some incessant desire for people to create portfolios to tinker with, as if their tinkering actually creates something of value. Since more and more people are eschewing actually owning indi...
by JoMoney
Sat Oct 18, 2014 8:04 pm
 
Forum: Investing - Theory, News & General
Topic: Thoughts on Paul Merriman's Portfolio
Replies: 38
Views: 2287

Re: How does Vanguard shield ETF shareholders from turnover

Just to put some amounts in perspective, The 12/31/2013 annual report shows the Total Stock Market fund ended the year with net assets of: $307,332,121,000 The SAI shows the fund paid/incurred brokerage commissions of: $5,089,000 Which amounts to about .0017% ... You have to go out 3 decimal places ...
by JoMoney
Sat Oct 18, 2014 12:02 am
 
Forum: Investing - Theory, News & General
Topic: How does Vanguard shield ETF shareholders from turnover cost
Replies: 20
Views: 1446

Re: Why not 100% Stocks?

I consider my investment portfolio 100% stocks, despite the fact that I do own a short-term bond fund, have cash in the bank, and a bucket full of coins/loose-change sitting around. The main consideration (to me) relative to other allocations, is that I'm not following any kind of "rebalancing&...
by JoMoney
Fri Oct 17, 2014 8:39 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20856

Re: buy Ibond this month or next?

Current fixed rate is 0.10%. So it may go negative again? Hopefully someone will correct me if I'm wrong, but I don't believe the Series I Savings bond rates can go negative. It can drop to zero for the fixed rate, but not negative the way TIPS can. At least they haven't gone negative in the past, ...
by JoMoney
Fri Oct 17, 2014 5:01 pm
 
Forum: Investing - Theory, News & General
Topic: buy Ibond this month or next?
Replies: 7
Views: 1175

Re: Livesoft - Thank you

TomatoTomahto wrote:I agree with Strep. And, he is sufficiently amusing that even when I don't particularly care about the topic, I'll read his comments because, ... well, just because.

:thumbsup
I get a chuckle just from seeing his name, considering the forum started as the Diehards...
by JoMoney
Fri Oct 17, 2014 4:54 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Livesoft - Thank you
Replies: 37
Views: 4109

Re: Is it possible to have a favorite movie

It very much depends on what I'm in the mood for. I can enjoy some pretty "dumb" movies.
I do like the (true) story / movie of "Lorenzo's Oil"
by JoMoney
Fri Oct 17, 2014 5:07 am
 
Forum: Personal Consumer Issues
Topic: Is it possible to have a favorite movie
Replies: 82
Views: 3188

Re: Replacement for tinypic?

Considering it's free, and doesn't require any sort of account/registration process... I like tinypic. You could just setup (or pay for) your own webserver to host the pictures if you're not willing to deal with the ads. Maybe try imgur.com I did a google search and it seems lots of them popped up, ...
by JoMoney
Thu Oct 16, 2014 4:53 pm
 
Forum: Personal Consumer Issues
Topic: Replacement for tinypic?
Replies: 7
Views: 389

Re: Diversifying Income With International Stocks

I think Larry (and others on here) often use a similar argument for why they advocate International investing, that having so much of your economic net worth (job etc..) tied up in one country calls for broader diversification by country. I think you need to be careful with how far you take that thi...
by JoMoney
Wed Oct 15, 2014 8:19 am
 
Forum: Investing - Theory, News & General
Topic: Diversifying Income With International Stocks
Replies: 2
Views: 303

Re: Why Are Expected Investment Returns So Low?

Interesting, but I don't agree with the seemingly cop out conclusion, ...In short, our future portfolio returns appear to be squarely dependent upon the fate of the developing economies. ...as if there will be no growth or innovation from the rest of the world. It may just be the contrarian in me co...
by JoMoney
Wed Oct 15, 2014 6:24 am
 
Forum: Investing - Theory, News & General
Topic: Why Are Expected Investment Returns So Low?
Replies: 13
Views: 1683
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