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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: 9
Views: 969

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: 5
Views: 186

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: 6
Views: 258

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: 6
Views: 258

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: 14
Views: 1475

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: 24
Views: 1120

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: 353

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: 569

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: 25
Views: 1634

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: 569

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: 3225

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: 2085

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: 3225

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: 3273

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: 47
Views: 6148

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: 3225

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: 2085

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: 20475

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: 3225

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: 2756

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: 436

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: 436

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: 2266

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: 52
Views: 3592

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: 2266

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: 1417

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: 20475

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: 1134

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: 4049

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: 3107

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: 385

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: 301

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: 1664

Re: Gold: Is now the time?

It's about 8am Tuesday morning in Australia... Time for breakfast
Image
by JoMoney
Mon Oct 13, 2014 5:16 pm
 
Forum: Investing - Theory, News & General
Topic: Gold: Is now the time?
Replies: 36
Views: 2297

Re: Why not 100% Stocks?

I love how much belittling I get on this message board. I got a few genuine pieces of advice. Thank you for those. My post seems to be more the butt of jokes. I don't take it personally, but I wish the criticisms has more constructive input. I guess my take away from them should be its too much ris...
by JoMoney
Mon Oct 13, 2014 5:02 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20475

Re: Who should regularly contribute to taxable investments?

I'm fortunate to have a slightly above average paying job and a lifestyle that doesn't cost much. I'm able to maximize all of my tax privileged space, cover my living expenses, and still have money left over. My only choices are to either spend/give the money away, make contributions to taxable savi...
by JoMoney
Fri Oct 10, 2014 9:34 pm
 
Forum: Investing - Theory, News & General
Topic: Who should regularly contribute to taxable investments?
Replies: 34
Views: 3545

Re: Dividends from Index Funds

Not a recommendation, but there are a few "index funds" that have high yields, such as: iShares U.S. Preferred Stock ETF http://www.ishares.com/us/products/239826/ishares-us-preferred-stock-etf iShares International Select Dividend ETF http://www.ishares.com/us/products/239499/ishares-int...
by JoMoney
Fri Oct 10, 2014 8:34 pm
 
Forum: Investing - Theory, News & General
Topic: Dividends from Index Funds
Replies: 5
Views: 1073

Re: Robert Shiller on What to Watch in This Wild Market

nisiprius wrote:...How can anyone get excited enough about a silly bond to create a mania?
Image
by JoMoney
Fri Oct 10, 2014 7:39 pm
 
Forum: Investing - Theory, News & General
Topic: Robert Shiller on What to Watch in This Wild Market
Replies: 7
Views: 1901

Re: Why not 100% Stocks?

Vanguard Total Bond fund has pulled ahead of Total Stock for the year. Just sayin. YTD as of 10/09/2014 Total Bond Fund ... 5.23% Total Stock Mkt ... 3.11% .. For Year To Date ... Over the past year it paints a different picture, with Total Stock earning more than twice that of the bond fund... ......
by JoMoney
Fri Oct 10, 2014 7:30 pm
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 274
Views: 20475

Re: Is a fall in portfolio value "only on paper"?

...Precious metals have no real jurisdiction because again they are easy to hide. Rule of law and confiscation has impacted precious metals too. They may be of little use if they're no longer money and you can't exchange them for fear of of the law, or if the exchange rate is fixed at a price you w...
by JoMoney
Thu Oct 09, 2014 4:50 pm
 
Forum: Investing - Theory, News & General
Topic: Is a fall in portfolio value "only on paper"?
Replies: 86
Views: 3620

Re: Is a fall in portfolio value "only on paper"?

...Precious metals have no real jurisdiction because again they are easy to hide. Rule of law and confiscation has impacted precious metals too. They may be of little use if they're no longer money and you can't exchange them for fear of of the law, or if the exchange rate is fixed at a price you w...
by JoMoney
Thu Oct 09, 2014 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: Is a fall in portfolio value "only on paper"?
Replies: 86
Views: 3620

Re: Is a fall in portfolio value "only on paper"?

What if the value to you isn't the offer price, but the price you're willing to sell it for? I think people are focused on equities with this question, but what about bonds with zero credit risk matched to a liability with the same term length? What about personal preference for the asset like a hou...
by JoMoney
Thu Oct 09, 2014 8:02 am
 
Forum: Investing - Theory, News & General
Topic: Is a fall in portfolio value "only on paper"?
Replies: 86
Views: 3620

Re: Why Wouldn't You Tilt To Small Value?

So you can see that tilting has had made a major real-world difference in the recent past. The idea that it's just the number 3.0 versus the number 3.15 is a bit deceptive. Of course, whether or not this attractive backtest has anything to do with the future is another matter. countmein, a couple o...
by JoMoney
Thu Oct 09, 2014 6:53 am
 
Forum: Investing - Theory, News & General
Topic: Why Wouldn't You Tilt To Small Value?
Replies: 52
Views: 2914

Re: Accuracy of Morningstar's chart?

...I have noticed that Vanguard's Mid Cap fund almost doubles the the value of their S&P 500 and Total Stock Market when the date is set around 1999. Is this correct? They all seem to have similar history performance. I'm a bit surprised by the difference between the three... Something to consi...
by JoMoney
Thu Oct 09, 2014 6:11 am
 
Forum: Investing - Theory, News & General
Topic: Accuracy of Morningstar's chart?
Replies: 4
Views: 416

Re: Flaws in This Reasoning About Retiring Off Dividends

... If anyone has any other reading recommendations or just helpful advice feel free to let me know. I really like Bogle's "Common Sense on Mutual Funds", his "The Little Book of Common Sense Investing" is also great and a little bit lighter read but covering much of the same ma...
by JoMoney
Tue Oct 07, 2014 4:05 pm
 
Forum: Investing - Theory, News & General
Topic: Flaws in This Reasoning About Retiring Off Dividends
Replies: 15
Views: 2551

Re: today's WSJ page 1...interesting

Both links worked for me, of course the first one I had to do google myself. Not sure why others aren't willing to do that themselves. It's a minimal amount of effort if you don't want to pay for a subscription but still want to read the articles. In my Chrome browser, all I have to do is highlight ...
by JoMoney
Tue Oct 07, 2014 3:56 pm
 
Forum: Investing - Theory, News & General
Topic: today's WSJ page 1...interesting
Replies: 22
Views: 3280

Re: today's WSJ page 1...interesting

Interesting, but signals and trading strategies that use things like "Relative Strength" have been around for quite a long time... Where are the mutual funds with performance to match the back tested results? It's just the same old strategies with a new story to re-package and re-sell to a...
by JoMoney
Tue Oct 07, 2014 7:42 am
 
Forum: Investing - Theory, News & General
Topic: today's WSJ page 1...interesting
Replies: 22
Views: 3280

Re: Flaws in This Reasoning About Retiring Off Dividends

One thing you're leaving out is growth. One of the primary advantages to owning stocks over bonds is the opportunity for growth. Someone could buy a bond that promises to pay that same 2-3% yield over the next 10 years, but over a 10 year period, it would not be unusual for some dividend stocks to h...
by JoMoney
Mon Oct 06, 2014 4:23 pm
 
Forum: Investing - Theory, News & General
Topic: Flaws in This Reasoning About Retiring Off Dividends
Replies: 15
Views: 2551

Re: Bogleheads, help me be less afraid of international stoc

Is there a consensus on which strategy would be the riskier choice for holding a single equity fund: TSM vs Total World No, I don't think you'll get a consensus on it. Different people are going to have different views and weigh the potential risks differently. I can't say I come at this objectivel...
by JoMoney
Sun Oct 05, 2014 4:36 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads, help me be less afraid of international stocks
Replies: 53
Views: 3706
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