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by Noobvestor
Fri May 15, 2015 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Total World Stock Index
Replies: 44
Views: 3715

Re: Total World Stock Index

I can't claim to know for certain, but I can see a lot of explanations, including the aforementioned research regarding the benefits of international investing. Certainly a question you could ask, though, at their live webinar later this month: https://www.bogleheads.org/forum/viewtopic.php?f=10&...
by Noobvestor
Fri May 15, 2015 8:31 pm
Forum: Investing - Theory, News & General
Topic: International - Who really is at 40%
Replies: 93
Views: 6613

Re: International - Who really is at 40%

(Well... I haven't been, either. This is not any kind of advice or recommendation, and people shouldn't pay attention to me merely because I post a lot. I did decide to nudge my personal allocation up to 25%, a) because I wanted Vanguard's portfolio tool to quit nagging at me, b) I don't like to be...
by Noobvestor
Fri May 15, 2015 8:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard live video webcast: the case for a global portfolio
Replies: 3
Views: 487

Re: Vanguard live video webcast: the case for a global portfolio

I will be watching with great interest . As your signature suggests, Noobvestor, I've gone with diversification, but if there is any clarity to be had…I'll take that as well. :mrgreen: Definitely - even though my allocation is set at this point, I still like to read/listen/see other perspectives :b...
by Noobvestor
Thu May 14, 2015 1:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard live video webcast: the case for a global portfolio
Replies: 3
Views: 487

Vanguard live video webcast: the case for a global portfolio

You have a broadly diversified mix of U.S.-based stocks and bonds in your portfolio. So you're fully diversified, right? Maybe not. Vanguard researchers have found that investing in companies outside of the United States can offer exposure to a wider array of economic and market forces and can prov...
by Noobvestor
Wed May 13, 2015 1:52 am
Forum: Investing - Help with Personal Investments
Topic: Total World Stock Index
Replies: 44
Views: 3715

Re: Total World Stock Index

Also, increasing international exposure seems a bit trendy Funny, I've noticed the opposite the last few years - people saying they don't need international after US outperforms for a bit. where have all these people been the last 50 years? What has fundamentally changed? Pretty obvious, no? The in...
by Noobvestor
Thu May 07, 2015 11:08 pm
Forum: Investing - Theory, News & General
Topic: Who's Buying I Bonds Now?
Replies: 39
Views: 2862

Re: Who's Buying I Bonds Now?

Re: I Bonds vs. EE Bonds - I do expect EE bonds will beat I Bonds over 20 years, but one other advantage of I Bond is that they aren't effectively 20-year bonds - unlike EE Bonds, which only make sense to sell after exactly 20 years, I Bonds are much more flexible could be sold sooner or later. Not ...
by Noobvestor
Thu May 07, 2015 12:03 pm
Forum: Investing - Theory, News & General
Topic: The Case for NOT Currency Hedging Foreign Equity Investments | GMO White Paper
Replies: 2
Views: 353

The Case for NOT Currency Hedging Foreign Equity Investments | GMO White Paper

I'm afraid you'll need to log in to read the PDF, but part of the executive summary is below: https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/cl_currrencyhedging_4-153cd2212e8b9d64339213ff0000a1a898.pdf?sfvrsn=6 Many investors cite volatility reduction as ...
by Noobvestor
Sun May 03, 2015 10:50 pm
Forum: Investing - Theory, News & General
Topic: Who's Buying I Bonds Now?
Replies: 39
Views: 2862

Re: New I bond rates out - not good news

I still love and will continue to buy I Bonds every year at the beginning of the year. Beats TIPS, and may yet beat nominals. Only time will tell.
by Noobvestor
Sun May 03, 2015 10:45 pm
Forum: Personal Consumer Issues
Topic: Vanguard Login Character Limit
Replies: 2
Views: 589

Vanguard Login Character Limit

[Called Vanguard, sorted out -thanks!]
by Noobvestor
Thu Apr 30, 2015 8:53 pm
Forum: Investing - Theory, News & General
Topic: Do REITs really offer effective portfolio diversification?
Replies: 108
Views: 9133

Re: Do REITs really offer effective portfolio diversificatio

Pop Quiz, everyone put away your textbooks! Below are four funds tracked over the last 10 years. One is Vanguard Total Stock (the blue line), and the others are Vanguard funds for REITs, Healthcare, Precious Metals & Mining. Which ones seem to diversify the total-market approach best, and which ...
by Noobvestor
Wed Apr 29, 2015 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity rollover to Vanguard
Replies: 25
Views: 1834

Re: Fidelity rollover to Vanguard

Couldn't you just invest in Fidelity Spartan funds in this IRA? They have just as low ERs as Vanguard. +1 FSTMX .10% ER vs VTSMX .10% ER - Total Stock Market FSIIX .20% ER vs VGTSX .22% ER - Total International FBIDX .22% ER vs VBTLX .20% ER - Total Bond Vanguard has slightly lower ERs on several o...
by Noobvestor
Wed Apr 29, 2015 12:13 am
Forum: Investing - Theory, News & General
Topic: Cap Weighting for International
Replies: 22
Views: 1751

Re: Cap Weighting for International

Rebalancing Individual National Markets by Bill Bernstein http://www.efficientfrontier.com/ef/400/rebal400.htm "Bottom line; for tax-sheltered investing with the developed nations it’s best to go with Gus and his Vanguard Pacific and European portfolios. For the emerging markets rebalancing ind...
by Noobvestor
Wed Apr 29, 2015 12:09 am
Forum: Investing - Help with Personal Investments
Topic: 25 Y/O - where to put surplus money
Replies: 10
Views: 1442

Re: 25 Y/O - where to put surplus money

So the benefit of I Bonds over my taxable account is they are tax deferred? Decent amount lower returns than I could expect with 100% stocks the way it is now, right? I'm not saving for anything specific so taking a lot of risk doesn't bother me. Although, I guess at some point I'll want a house so...
by Noobvestor
Tue Apr 28, 2015 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: S&P 500 foreign revenue at 50% - advice on impact of port.
Replies: 28
Views: 2409

Re: S&P 500 foreign revenue at 50% - advice on impact of por

Here's the thing ... a lot of international businesses also get revenue from the United States, so 'source of revenue' ends up being kind of a wash in my book. You say 'at least 10%' but what difference will 10% even make? I propose coming at it with a different attitude: start with a default of tot...
by Noobvestor
Mon Apr 27, 2015 1:39 am
Forum: Investing - Help with Personal Investments
Topic: 29yrs old help with 15k long term vanguard taxable account
Replies: 1
Views: 380

Re: 29yrs old help with 15k long term vanguard taxable accou

Why the different target date funds? Pick one that reflects your goal allocation and stick to that - i.e. don't pick based on dates but on what the fund is composed of relative to what you want. You want to save for 10 years, but don't know how much beyond that, which is tricky - maybe start stockin...
by Noobvestor
Mon Apr 27, 2015 1:18 am
Forum: Investing - Help with Personal Investments
Topic: Which stock fund is the least volatile in bear market?
Replies: 13
Views: 1425

Re: Which stock fund is the least volatile in bear market?

I'm going to answer: trick question! Stocks drop together. If you want something to balance out stock volatility, hold bonds (preferably Treasuries of intermediate-to-long duration).
by Noobvestor
Mon Apr 27, 2015 1:15 am
Forum: Investing - Help with Personal Investments
Topic: 25 Y/O - where to put surplus money
Replies: 10
Views: 1442

Re: 25 Y/O - where to put surplus money

Roth would be my priority. (Series) I (Savings) Bonds are also good for keeping up with inflation and keeping relative flexibility (can be cashed in with small penalty after one year) and are tax-deferred.
by Noobvestor
Fri Apr 24, 2015 11:10 pm
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 182
Views: 12564

Re: Good Modern Science Fiction

Why would they lock a thread with ongoing discussion? :confused
by Noobvestor
Fri Apr 24, 2015 8:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1279
Views: 248880

Re: U.S. stocks in freefall

I love my allocation! I really do. I feel super agnostic despite my tilts. International up or down? Small losing to or beating large? Doesn't matter LOVE my allocation???? Wow, you need to get out more. It may not be the best approach to investing to become emotionally attached to your allocation....
by Noobvestor
Thu Apr 23, 2015 9:31 pm
Forum: Investing - Theory, News & General
Topic: What is a Boglehead?
Replies: 55
Views: 2937

Re: What is a Boglehead?

Millionaire next door
by Noobvestor
Thu Apr 23, 2015 8:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1279
Views: 248880

Re: U.S. stocks in freefall

Well, US stocks are down relative to international now, so I guess there's that? Well, if your 50/50% in U.S. & International and 50/50% in large cap & small/medium cap why worry. Just stick with rebalanced allocations and check things once per year. Easy, squeezy. It really is easy :greedy...
by Noobvestor
Thu Apr 23, 2015 12:55 pm
Forum: Personal Consumer Issues
Topic: 1 day in San Francisco, no car
Replies: 29
Views: 1556

Re: 1 day in San Francisco, no car

Dovetailing with some advice above: on your way into town, get off at the Mission/24th street Bart station, walk 2 blocks to Valencia, walk north on Valencia to 16th, walk 2 blocks back to Mission Bart station at 16th/Mission. Plan to stop for food or coffee along the way. This will let you experien...
by Noobvestor
Wed Apr 22, 2015 3:47 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1279
Views: 248880

Re: U.S. stocks in freefall

Well, US stocks are down relative to international now, so I guess there's that?
by Noobvestor
Wed Apr 22, 2015 3:45 am
Forum: Personal Consumer Issues
Topic: New York City Tours
Replies: 11
Views: 971

Re: New York City Tours

This Audio Hop tour is unusual but amazing - he walks you through current exhibits in Chelsea at niche galleries, talks to you via an earpiece, is full of trivia and some humor about the city as well - even if you don't care about the art part it is worth doing: http://www.thetwopercent.com/
by Noobvestor
Fri Apr 17, 2015 2:19 am
Forum: Investing - Theory, News & General
Topic: I and EE Bonds - What will the new rate be?
Replies: 18
Views: 2256

Re: I and EE Bonds - What will the new rate be?

I'm not sure why anyone would buy an I bond with a 0 fixed rate and 0 inflation rate. To get the buy out of the way for the year while counting on higher variable rates later. It doesn't really matter if 10K is sitting in savings or I Bonds for 6 months if savings is yielding a few basis points. I ...
by Noobvestor
Thu Apr 16, 2015 10:22 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri looking to internationalize his portfolio
Replies: 357
Views: 49500

Re: Rick Ferri looking to internationalize his portfolio

YTD:

Vanguard Total Stock: 3.62%
Vanguard Total International: 9.53%
Vanguard Emerging Markets: 10.99%

What if the dip never comes?
by Noobvestor
Mon Apr 13, 2015 2:43 am
Forum: Investing - Help with Personal Investments
Topic: Living off investments / Early retirement
Replies: 17
Views: 3943

Re: Living off investments / Early retirement

I would suggest having at least 25% in stocks at all times - right now it sounds like you may not. Realistically, you would be pretty safe from downturns with a 40/60 portfolio of stocks/bonds too. I would do something like this: 20% Total Stock fund, 20% Total International Stock fund, 30% municipa...
by Noobvestor
Thu Apr 09, 2015 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Quick question: splitting cash transfer to 2 funds at Fido
Replies: 4
Views: 191

Re: Quick question: splitting cash transfer to 2 funds at Fi

Ah, OK, I think I get it - it's today's dollars, not at close. Makes more sense that way. Too late today indeed, but good to know for the next time this happens :)
by Noobvestor
Thu Apr 09, 2015 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Quick question: splitting cash transfer to 2 funds at Fido
Replies: 4
Views: 191

Re: Quick question: splitting cash transfer to 2 funds at Fi

Ah, OK, I think I get it - it's today's dollars, not at close. Makes more sense that way. Too late today indeed, but good to know for the next time this happens :)
by Noobvestor
Thu Apr 09, 2015 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Quick question: splitting cash transfer to 2 funds at Fido
Replies: 4
Views: 191

Quick question: splitting cash transfer to 2 funds at Fido

Seems like an easy one, but my searches haven't turned up anything obvious. I contributed to a Roth IRA and parked it for a day in cash at Fidelity via their online interface. Now I want to move $X and $Y to fund A and fund B, respectively. I started by moving $X to fund A, but realized with EOD pri...
by Noobvestor
Thu Apr 09, 2015 2:44 am
Forum: Investing - Theory, News & General
Topic: Switching 40% of my portfolio to bonds: just can't do it.
Replies: 52
Views: 7244

Re: Switching 40% of my portfolio to bonds: just can't do it

Hi, Just found Bogleheads! What a find! Looking down the 10-point Bogleheads philosophy I can tick off every one against my portfolio as done. Except for one ... I own no bonds. Having read the asset allocation theory, I can accept it, but I just can't bring myself to do it. I take the point that w...
by Noobvestor
Wed Apr 08, 2015 4:06 am
Forum: Personal Finance (Not Investing)
Topic: 2 commas and mortgage-free
Replies: 33
Views: 4639

Re: 2 commas and mortgage-free

I just made my last mortgage payment 8 days ago. And last year we hit the 2-column club (invested assets, excluding house equity). I had a long-term goal to reach these milestones by the time I turned 50, and made it with about 6 months to spare. Feeling much, much better about financial security. ...
by Noobvestor
Sat Apr 04, 2015 3:48 am
Forum: Investing - Help with Personal Investments
Topic: Opinions on Tilting/Slice and Dice
Replies: 27
Views: 1956

Re: Opinions on Tilting/Slice and Dice

Re: high-yield - open for debate for sure - I prefer to take my risk on the stock side, but if you do add high-yield I'd suggest making sure you still hold some safe bonds (ideally TIPS or Treasuries) and consider upping your bond allocation a bit. I did my research on this a while back, but basical...
by Noobvestor
Fri Apr 03, 2015 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions on Tilting/Slice and Dice
Replies: 27
Views: 1956

Re: Opinions on Tilting/Slice and Dice

Hi Snuffy and welcome to the forum. Only you can decide what's right for you, but you might want to read some threads on tilting on the forum and see the arguments for and against- Robert T has some good thoughts in this thread under numbers 1 and 2: http://www.bogleheads.org/forum/viewtopic.php?t=7...
by Noobvestor
Fri Apr 03, 2015 5:25 am
Forum: Personal Finance (Not Investing)
Topic: To convert to Roth IRA from 401(k)
Replies: 12
Views: 1242

Re: To convert to Roth IRA from 401(k)

Taxes and brackets change over time. A lot. The idea that anyone can even guess that rates will be the same down the line seems suspect to me. http://www.efile.com/efile-images/charts/historic-lowest-and-highest-tax-rates.png If anything, we're close to history lows or lower than average anyway. Per...
by Noobvestor
Tue Mar 31, 2015 3:09 am
Forum: Investing - Help with Personal Investments
Topic: What would you do now if you were all cash?
Replies: 28
Views: 3535

Re: What would you do now if you were all cash?

Figure out an asset allocation that is sufficiently conservative and implement it. Every day you're in cash is a day you're not in that target allocation. If suddenly my allocation were liquidated to cash tomorrow, I'd turn around and reinvest it. Perhaps for you, it's something like: 25% stocks, 25...
by Noobvestor
Sun Mar 29, 2015 5:11 am
Forum: Investing - Theory, News & General
Topic: Michael Spence: Are Equities Overvalued?
Replies: 13
Views: 1686

Re: Michael Spence: Are Equities Overvalued?

How do we even know what the appropriate valuation should be? It's all supply-demand in the equities market. Demand is high right now (the average investor is holding lots of equities) and for all we know it could remain constant, or increase further. Check out this chart: http://www.philosophicale...
by Noobvestor
Sun Mar 29, 2015 4:32 am
Forum: Investing - Theory, News & General
Topic: Risk Questionnaires: How they work?
Replies: 27
Views: 1881

Re: Risk Questionnaires: How they work?

1. No. Was not-of-investing-age in '08. 2. As a percent: 25% of invested assets, retirement and taxable accounts. 3. 85/10/5 stock/bonds/REIT fund. #3 contradicts #2. If you can only stomach 25% losses, you should be no more than 50% in stocks and REITs, because they could drop 50%+ in a downturn. ...
by Noobvestor
Fri Mar 27, 2015 4:20 am
Forum: Investing - Theory, News & General
Topic: "TIPS. Love them or leave them?"
Replies: 16
Views: 2057

Re: "TIPS. Love them or leave them?"

And the very risk that they purport to defend against--an unexpected uptick in inflation--is nowhere on the horizon. Fancy that! You'd think the least an unexpected threat could do would be to let us have a bit of warning. You have to cut her a bit of a break. She had a 200-word article that an edi...
by Noobvestor
Thu Mar 26, 2015 12:55 am
Forum: Investing - Theory, News & General
Topic: How important is an international allocation?
Replies: 66
Views: 5257

Re: How important is an international allocation?

So true. I thought I tried to make that point earlier about it not mattering too much what one does if one is extremely wealthy. It is important to remember the biases , however innocuous they may seem. And the low equity allocation of older investors does give them room to be a bit more cavalier a...
by Noobvestor
Wed Mar 25, 2015 4:02 am
Forum: Investing - Theory, News & General
Topic: How important is an international allocation?
Replies: 66
Views: 5257

Re: How important is an international allocation?

It's graphs like that that keep me from making a decision. All the [past] data (let's not forget the fact that it is in the past) shows international essentially bringing down a portfolio. But diversification should indicate that owning all the total world stock market is better than only owning th...
by Noobvestor
Wed Mar 25, 2015 3:59 am
Forum: Investing - Theory, News & General
Topic: How important is an international allocation?
Replies: 66
Views: 5257

Re: How important is an international allocation?

...When one asset class zigs a bit while the other one zags a bit, you get a bit smoother ride in your portfolio... Vanguard Total World Stock Index Fund, VTWSX, is globally cap-weighted and thus about 50/50 US/International and ought to show that "smoother ride." Since inception, has the...
by Noobvestor
Wed Mar 25, 2015 3:51 am
Forum: Investing - Theory, News & General
Topic: How important is an international allocation?
Replies: 66
Views: 5257

Re: How important is an international allocation?

A position I am [obviously?] tempted to take myself. I feel like an international allocation is essentially a bet against the US economy. I am hard pressed to find data to strongly support betting against the US economy over the long term. I think you're looking at this the wrong way. If you index ...
by Noobvestor
Wed Mar 25, 2015 3:48 am
Forum: Investing - Theory, News & General
Topic: How important is an international allocation?
Replies: 66
Views: 5257

Re: How important is an international allocation?

Just out of curiosity, would you happen to have the source for that quote? I would love to read the context. Sure thing - he said it at Bogleheads 11 (Reunion): http://www.bogleheads.org/forum/viewtopic.php?f=10&t=104781&newpost=1521456 You'll notice some of my other notes, like: ) Predicti...
by Noobvestor
Sun Mar 22, 2015 2:23 pm
Forum: Investing - Theory, News & General
Topic: How important is an international allocation?
Replies: 66
Views: 5257

Re: How important is an international allocation?

Like so many things in investing, the performance of international stocks relative to U.S. stocks has periods of outperformance and underperformance that last for periods of, let's say, a decade or so. During the "lost decade" of 2000-2009 a lot of people liked to point out that it wasn't...
by Noobvestor
Sun Mar 22, 2015 2:14 pm
Forum: Investing - Theory, News & General
Topic: How important is an international allocation?
Replies: 66
Views: 5257

Re: How important is an international allocation?

I am entirely contrarian on this topic. I have 0% international, my entire equity holding is in the U.S. total stock market. Why? Because all the advice about moving to international is based as far as I can tell, 100%, on backtesting . I wouldn't call that contratian at all. You are sticking with ...
by Noobvestor
Sun Mar 22, 2015 2:13 pm
Forum: Investing - Theory, News & General
Topic: How important is an international allocation?
Replies: 66
Views: 5257

Re: How important is an international allocation?

RevYoung wrote: " What I'm trying to figure out is whether or not to bother with an international allocation for my emergency fund." You are going to have to go a long way to find a more thoughtful response (and framework for analysis) than that provided by Nisiprius. Increasing exposure ...
by Noobvestor
Sun Mar 22, 2015 3:52 am
Forum: Investing - Theory, News & General
Topic: How important is an international allocation?
Replies: 66
Views: 5257

Re: How important is an international allocation?

Check this out: http://www.bogleheads.org/forum/viewtopic.php?f=10&t=104781&newpost=1521456 My personal favorite Jack Bogle quote out of the mix: "If there's one place I don't want people to take my advice, it's international. I want you to think it through for yourself." I am not ...
by Noobvestor
Wed Mar 18, 2015 4:10 am
Forum: Investing - Help with Personal Investments
Topic: Three fund portfolio in tax-advantaged account
Replies: 2
Views: 387

Re: Three fund portfolio in tax-advantaged account

So, in a three fund portfolio in a tax-advantaged account, which fund or combination of funds would you put in your Roth (versus traditional) IRA? Thank you. The general rule of thumb is to put highest earning potential in Roth (emerging markets and small caps for a larger tilted portfolio, or dome...
by Noobvestor
Wed Mar 18, 2015 3:34 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in Taxable when you expect tax bracket to change
Replies: 1
Views: 300

Re: Bonds in Taxable when you expect tax bracket to change

First, bond fund navs don't change that much over time since most of the gains ultimately come from payouts, so generally if you want to switch bond funds in taxable it's not a huge tax hit: http://quotes.morningstar.com/chart/fund/chart.action?t=VBMFX&region=usa&culture=en-US&dataParams...

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