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Re: is a target date fund considered indexed

most of the posts seem to agree with me that i am not indexed-thanks Looking at the T. Rowe Price holdings page for the fund you mentioned, TRRBX , I'd agree. An S&P 500 index fund is one of the 18 it's invested in, but everything else in the top ten looks actively managed. Check under the hood...
by Phineas J. Whoopee
Fri Aug 29, 2014 5:04 pm
 
Forum: Investing - Theory, News & General
Topic: is a target date fund considered indexed
Replies: 11
Views: 593

Re: Bond Bubble?

There's a published claim that there's a bubble bubble, because of recency bias. Nobody knows, but saying I don't know doesn't sell many Ford F-150s. *
PJW

* Just as the pay of most working musicians is based on their proven ability to sell beer.
by Phineas J. Whoopee
Fri Aug 29, 2014 3:57 pm
 
Forum: Investing - Theory, News & General
Topic: Bond Bubble?
Replies: 10
Views: 847

Re: is a target date fund considered indexed

On another thread someone questioned my comment about having no index funds -just target date funds. I have 2 TRRBX and a proprietary date fund. should i consider this or these indexed or not. just wondering. The good ol' passive voice. Is it considered? By whom using which criteria for what purpos...
by Phineas J. Whoopee
Fri Aug 29, 2014 3:30 pm
 
Forum: Investing - Theory, News & General
Topic: is a target date fund considered indexed
Replies: 11
Views: 593

Re: How low can Vanguard Fees Go?

... Could you give an example of one of the "rare" securities? It might be possible to find examples in SEC filings or SAIs, but in answer to your question I'll just quote Vanguard's own words : Value-oriented lending. Vanguard generates revenue by lending a smaller number of thinly trade...
by Phineas J. Whoopee
Fri Aug 29, 2014 3:14 pm
 
Forum: Investing - Theory, News & General
Topic: How low can Vanguard Fees Go?
Replies: 32
Views: 2061

Re: How low can Vanguard Fees Go?

... yes, because of increasing AUM the apparent ER can continue to fall. I suppose it's an asymptote: at some point the ER could conceivably so close to zero that it actually is zero. I'd go further and lose the word "apparent." It's a ratio, a comparison of one quantity to another. If th...
by Phineas J. Whoopee
Fri Aug 29, 2014 3:10 pm
 
Forum: Investing - Theory, News & General
Topic: How low can Vanguard Fees Go?
Replies: 32
Views: 2061

Re: How low can Vanguard Fees Go?

If I understand Vanguard's Expense Ratio reporting correctly, they neither raise nor lower fees, not to compete with anybody, and not for any other reasons. Vanguard reports expense ratios on a backward-looking basis. It's telling us what it did spend, not what it's going to spend. If spending goes ...
by Phineas J. Whoopee
Fri Aug 29, 2014 2:50 pm
 
Forum: Investing - Theory, News & General
Topic: How low can Vanguard Fees Go?
Replies: 32
Views: 2061

Re: New 2% cash back Visa card from Citi

May this be the harbinger of the return of low- or no-restriction 2% non-Fidelity-non-AmEx cards! Schwab Visa, how I miss you! (But NASA FCU ain't bad either, if you're spendy enough).
PJW
by Phineas J. Whoopee
Thu Aug 28, 2014 9:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 54
Views: 5138

Re: A Low-Return Future? Are We Prepared?

Global diversification - I personally use international stocks but not bonds - helps with that part. There can't be any net immigration or emigration, globally. In this case I was speaking about the US stock markets, but you're right that global issues have a growing impact. The global population g...
by Phineas J. Whoopee
Thu Aug 28, 2014 7:27 pm
 
Forum: Investing - Theory, News & General
Topic: A Low-Return Future? Are We Prepared?
Replies: 134
Views: 6680

Re: Do Bogleheads worry about institutional risk?

In Missouri, all St. Louis County government websites were taken down for an entire week by the hacker group Anonymous. These types of incidents seem to be happening more frequently and on a larger scale. I'm worried that Vanguard, being the world's largest mutual fund company, could become a targe...
by Phineas J. Whoopee
Thu Aug 28, 2014 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do Bogleheads worry about institutional risk?
Replies: 31
Views: 1259

Re: A Low-Return Future? Are We Prepared?

... Population growth rates are low and will likely stay that way, they'd be negative if it wasn't for immigration. ... Global diversification - I personally use international stocks but not bonds - helps with that part. There can't be any net immigration or emigration, globally. Except for our rep...
by Phineas J. Whoopee
Thu Aug 28, 2014 6:59 pm
 
Forum: Investing - Theory, News & General
Topic: A Low-Return Future? Are We Prepared?
Replies: 134
Views: 6680

Re: Do Bogleheads worry about institutional risk?

... Lest any of us get onto the same old merry-go-round again, I am not here to defend all the moral choices of JP Morgan Chase. PJW Or, as in the case of the GLD ETF, the custodian can appoint sub-custodians which it disclaims responsibility for monitoring. At least, that the way it was when I rea...
by Phineas J. Whoopee
Thu Aug 28, 2014 6:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do Bogleheads worry about institutional risk?
Replies: 31
Views: 1259

Re: Do Bogleheads worry about institutional risk?

Apparently Vanguard's custodian for its funds' investment holdings are at JP Morgan Chase. Yes, that's right (except to the extent Nisi said it's wrong while I was typing, but the rest of this post is not about that custodian in particular). Ironically, I'd bet anything the odds of something catast...
by Phineas J. Whoopee
Thu Aug 28, 2014 6:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do Bogleheads worry about institutional risk?
Replies: 31
Views: 1259

Re: Trying to understand the 1040 Tax Table

... There is a dichotomy in my head on this issue. On one hand, I see that reducing taxable income by one dollar, you will save tax equal to the marginal rate on that dollar. On the other hand, if my marginal rate is 25%, and my effective rate is 17%, couldn't I correctly say that every dollar is t...
by Phineas J. Whoopee
Thu Aug 28, 2014 12:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to understand the 1040 Tax Table
Replies: 36
Views: 2223

Re: .com rather than .gov, lesson learned

OP, if you provided your SS#, I would freeze your credit. If you didn't provide your SS#, I would still freeze your credit. Prevention is better than detection. Yes, that might well be warranted. I still say monitor carefully as well, but you may be right about the additional preventative measure. ...
by Phineas J. Whoopee
Wed Aug 27, 2014 7:24 pm
 
Forum: Personal Consumer Issues
Topic: .com rather than .gov, lesson learned
Replies: 18
Views: 2425

Re: Can/do you sell bonds to purchase stocks?

Haha. I get your point and understand the math, but thats why its goals, right? If i go back and live with mom for 7 years its probably doable :D Thanks for the help guys. You're welcome, to the extent it was helpful. I took goals to be what you honestly meant to achieve and by when, not as a deman...
by Phineas J. Whoopee
Wed Aug 27, 2014 6:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can/do you sell bonds to purchase stocks?
Replies: 19
Views: 916

Re: Can/do you sell bonds to purchase stocks?

Come on Phineas. Lighten up. He is 32. Did you know much about investing at his age? He is asking questions and telling us what he is thinking -- those are big steps toward learning to become a successful investor. There are much nicer and more effective ways of saying what you just said...and I th...
by Phineas J. Whoopee
Wed Aug 27, 2014 6:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can/do you sell bonds to purchase stocks?
Replies: 19
Views: 916

Re: Warren Buffet and the S&P index fund

selftalk wrote:If slicing and dicing works so well ...

If that's the characterization of the questionee's position no response is called for.
PJW
by Phineas J. Whoopee
Wed Aug 27, 2014 5:57 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffet and the S&P index fund
Replies: 23
Views: 1716

Re: New home worth the extra $$?

Here's my take. For how long is the new home you're thinking of paying the extra $$ for going to stay new? For example, I bought my home not new, but newly-renovated. That was seven years ago. Nobody would mistake it for newly-renovated today. Now it's clearly usedly-renovated. I want to stay at lea...
by Phineas J. Whoopee
Wed Aug 27, 2014 5:42 pm
 
Forum: Personal Consumer Issues
Topic: New home worth the extra $$?
Replies: 17
Views: 1736

Re: Can/do you sell bonds to purchase stocks?

$155k account total & I should contribute AT LEAST $17k this year (~20% of salary), all with no debt. I think thats decent shape at 32. Goal is 500k by 35, 1 mil by 40 :sharebeer Then I take it all back. Successful market timing is your only legal avenue. If failure is acceptable, then by all m...
by Phineas J. Whoopee
Wed Aug 27, 2014 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can/do you sell bonds to purchase stocks?
Replies: 19
Views: 916

Re: .com rather than .gov, lesson learned

If you're not already doing so on a regular basis, given what you said was included it would be worth waiting say two or three months, then pulling your three free annual credit reports from http://www.annualcreditreport.com. The reason to wait is so anything untoward that happens has long enough to...
by Phineas J. Whoopee
Wed Aug 27, 2014 2:57 pm
 
Forum: Personal Consumer Issues
Topic: .com rather than .gov, lesson learned
Replies: 18
Views: 2425

Re: Can/do you sell bonds to purchase stocks?

Thanks for the replies. Makes total sense. And WOW. It actually never occurred to me that I was playing the "market timing" game - definetly not something I'd want to do. Always just associated that with guys buying stocks, not bonds. ... That can be quite a slap in the face when it first...
by Phineas J. Whoopee
Wed Aug 27, 2014 2:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can/do you sell bonds to purchase stocks?
Replies: 19
Views: 916

Re: How sustainable if the inflation adjusted income of VTSM

I have been considering investing in a total stock market index fund, with plans to distribute rather than reinvest any interest and dividends (without planning to meet any fixed income needs.) Is it fair to assume that the inflation adjusted income/dividend potential for the index would be (on ave...
by Phineas J. Whoopee
Wed Aug 27, 2014 2:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: How sustainable if the inflation adjusted income of VTSMX?
Replies: 6
Views: 790

Re: .com rather than .gov, lesson learned

The fear is completely reasonable, but probably nothing to panic over. It is thoroughly possible for websites to read input character-by-character, if they're designed to do it, and store it even if somebody never hit a "Yes please use this personal information of mine for legitimate purposes o...
by Phineas J. Whoopee
Wed Aug 27, 2014 1:54 pm
 
Forum: Personal Consumer Issues
Topic: .com rather than .gov, lesson learned
Replies: 18
Views: 2425

Re: Can/do you sell bonds to purchase stocks?

Stocks seem to be valued relatively high right now and that is probably 95% of my portfolio. With that said, could I buy $5-10k worth of bonds just to have a steady place to put my cash "on the sidelines", then, when/if a market drop of >10% comes , sell that bond fund and use the proceed...
by Phineas J. Whoopee
Wed Aug 27, 2014 1:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can/do you sell bonds to purchase stocks?
Replies: 19
Views: 916

Re: .com rather than .gov, lesson learned

I don't understand what your fear is - didn't you apply for .gov at the same location as well? If so, don't they already have all your information? I'm not sure I understand the question. Wasn't OP requesting an Employer Identification Number, the commercial world's equivalent of a Social Security ...
by Phineas J. Whoopee
Wed Aug 27, 2014 12:41 pm
 
Forum: Personal Consumer Issues
Topic: .com rather than .gov, lesson learned
Replies: 18
Views: 2425

Re: Life insurance with Long term care rider

technovelist wrote:...
Edited to add: "An individual's average age when he or she moves into a nursing home is 79. "
(http://www.kappadelta.org/assets/1280/L ... _facts.pdf)

I wonder what my average age will be when I move into a nursing home.
PJW
by Phineas J. Whoopee
Tue Aug 26, 2014 7:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with Long term care rider
Replies: 34
Views: 1825

Re: How I look at $ in the real world vs my retirement accou

Sorry to resurrect, but thanks Don. All too often we abrogate understanding in deference to something the government defines, for example, taxable income , as if that were all there were to the concept of income . You've brilliantly illustrated the difficulty some people have with respect to thinkin...
by Phineas J. Whoopee
Mon Aug 25, 2014 5:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: How I look at $ in the real world vs my retirement accounts
Replies: 50
Views: 7050

Re: What if there were only index funds?

Thanks hftrader, that was a good analysis and explanation. I never hear indexing advocates say absolutely all individual investors and institutions should use indexing strategies exclusively. I often hear Reigstered Reps and their ilk claiming those advocates do say it, and pointing out how unfair i...
by Phineas J. Whoopee
Mon Aug 25, 2014 12:58 pm
 
Forum: Investing - Theory, News & General
Topic: What if there were only index funds?
Replies: 20
Views: 1767

Re: Juice up your cash returns (!) [What do you consider cas

Since I've no better definition, I consider my cash to be: Physical currency in my possession (M0) Checking deposits (M1) Savings deposits and small individual CDs (M2) Cash equivalents (debt instruments maturing within 90 days - GAAP - practically none outside aged CDs already included) Short-term ...
by Phineas J. Whoopee
Sun Aug 24, 2014 7:41 pm
 
Forum: Investing - Theory, News & General
Topic: Juice up your cash returns (!) [What do you consider cash?]
Replies: 11
Views: 2169

Re: Tipping the virtual waiter/waitress?

Paying service workers less than starvation wages is worse than bad enough. Now we're supposed to guess the wages of the few human beings who still work there? If there's a less-than-minimum-wage person whose pay is based on the legal presumption of tipping of course they should get something. The o...
by Phineas J. Whoopee
Sun Aug 24, 2014 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tipping the virtual waiter/waitress?
Replies: 18
Views: 1987

Re: Life insurance with Long term care rider

If the insurance company thought it would bear less risk and make more money by selling life insurance and long-term care insurance separately it would do so. I personally do carry LTCI, and though I'm disturbed by horror stories, most of the ones I read are either experiences of people who bought b...
by Phineas J. Whoopee
Sun Aug 24, 2014 6:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with Long term care rider
Replies: 34
Views: 1825

Re: Why don't utilities get any praise

Dividends are optional at the discretion of the shareholders on the recommendation of the directors. . Where did you come up with this idea? Directors declare dividends, not shareholders Gill Is US corporate governance different? ... Yes. The directors do as they please, within the law (like paying...
by Phineas J. Whoopee
Sun Aug 24, 2014 6:09 pm
 
Forum: Investing - Theory, News & General
Topic: Why don't utilities get any praise
Replies: 39
Views: 3688

Re: Defining "Stay the Course"

... You would not have stayed the course had you made a dramatic shift, such as buying a herd of llamas . :!: :!: :!: The one-L lama, he's a priest. The two-L llama, he's a beast. And I would bet a silk pyjama There isn't any three-L lllama. The author's attention has been called to a type of confl...
by Phineas J. Whoopee
Sun Aug 24, 2014 5:34 pm
 
Forum: Investing - Theory, News & General
Topic: Defining "Stay the Course"
Replies: 41
Views: 3649

Re: calculators for ARM vs fixed mortgages?

They work differently, and we can talk about that, but we can't directly compare costs outside of limited circumstances because in the ARM case they're unknown. With respect to your question about prepayments, assuming you qualify for and obtain a mortgage without a prepayment penalty, on a fixed lo...
by Phineas J. Whoopee
Sun Aug 24, 2014 5:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: calculators for ARM vs fixed mortgages?
Replies: 13
Views: 1218

Re: Give Your Portfolio Room To Maneuver-DFA/Bridgeway

Eric Nelson wrote a quick little post recently comparing a traditional SCV barbell tilt to a more balanced tilt . I thought it may be of interest to some. I'm guessing it was meant to be a shot across Larry Swedroe's bow given that he chose the Bridgeway funds. Perhaps just a coincidence. ... A mor...
by Phineas J. Whoopee
Sun Aug 24, 2014 4:46 pm
 
Forum: Investing - Theory, News & General
Topic: Give Your Portfolio Room To Maneuver-DFA/Bridgeway
Replies: 13
Views: 1697

Re: Need some Boglehead advice ...

Agreeing with the 401(k) lineup comments, I personally used to hold both Vanguard's S&P500 and Total Stock index funds in taxable. When I bought my first S&P 500 shares Vanguard's TSM wasn't available. When it came out I waited a few years to see if it would work. When it tracked well I redi...
by Phineas J. Whoopee
Sun Aug 24, 2014 4:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need some Boglehead advice ...
Replies: 14
Views: 1327

Re: Need Help: State-Specific Bond Funds and Moving ?

Speaking more generally, and not addressing the OP's question, the possibility of changing states is another risk investors in state-specific municipal bond funds should take into account. I hadn't thought about that explicitly before, so unhelpful as my response may be in the present case, thanks f...
by Phineas J. Whoopee
Sun Aug 24, 2014 4:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Help: State-Specific Bond Funds and Moving ?
Replies: 6
Views: 579

Re: Financial Advisor Compensation

Brokers know their product is the dream of higher returns than other investors attain, so they, as detailed in previous posts, disguise their revenue sources. To cite one example not yet mentioned: soft dollars . Nobody, but nobody, in the investment world provides free service. The CEO may contribu...
by Phineas J. Whoopee
Sun Aug 24, 2014 4:07 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Advisor Compensation
Replies: 36
Views: 2839

Re: what gender are you?

If I recall my modern criticism correctly, gender is socially constructed, while sex is bodily and biological. Either can be ambiguous, and they can be contradictory. Which are you asking about? Mine personally is not ambiguous or contradictory in either sense, which is a badge of neither shame nor ...
by Phineas J. Whoopee
Sun Aug 24, 2014 3:50 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: what gender are you?
Replies: 27
Views: 4927

Re: ACA Insurance and subsidies

Hi everyone - panicking a bit.... Don't panic. ... I know we what've gotten too much of a subsidy but I don't have enough coming in now to cover our bills so I have left everything as is. Do u know if I will have to pay back the subsidy how long will I have to pay it back etc What's called a subsid...
by Phineas J. Whoopee
Sun Aug 24, 2014 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA Insurance and subsidies
Replies: 2
Views: 628

Re: Active/Passive: Ellis's "Rise and Fall ..."

Hi Ken10014, and welcome to the forum! Charles Ellis wrote a compelling paper, "The Rise and Fall of Performance Investing" available on the Wealthtrack website, where he strongly advocates indexing. My 1st question is, how valid will the index be if most people are indexing and fewer are ...
by Phineas J. Whoopee
Sun Aug 24, 2014 1:50 pm
 
Forum: Investing - Theory, News & General
Topic: Active/Passive: Ellis's "Rise and Fall ..."
Replies: 4
Views: 625

Re: A question about Sherry

Dry Sack, in particular, is thoroughly sugar-infused. Dry means the opposite, and sec in French means the opposite, so it's sort of like Triple Sec liqueur: its name is ironic. I wouldn't trust the bottle you describe, and I wouldn't regret tossing it. At its best an old bottle of syrup will be no b...
by Phineas J. Whoopee
Sat Aug 23, 2014 12:16 am
 
Forum: Personal Consumer Issues
Topic: A question about Sherry
Replies: 13
Views: 1268

Re: Kimchi

The Personal Consumer Issues board is open to all sorts of different questions, so as I am staying the course on the investment side of the house, I thought I'd bring up the issue of kimchi. I've never tried it, but am interested, and considering making a batch myself. So a few questions: 1. Do you...
by Phineas J. Whoopee
Thu Aug 21, 2014 6:13 pm
 
Forum: Personal Consumer Issues
Topic: Kimchi
Replies: 40
Views: 1859

Re: Bogleheads and Dividend Paying Stocks

... Another narrow sense in which it's a good message: don't spend the dividends and still expect good returns. You'll be sorely disappointed. While dividend-less stocks do just fine, if you take away the dividends of dividend payers or the S&P at large, the returns are badly affected. And, if ...
by Phineas J. Whoopee
Thu Aug 21, 2014 5:08 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads and Dividend Paying Stocks
Replies: 22
Views: 2009

Re: Gold, Silver, Copper

... Now I want to buy more. :greedy I want a 1/10 oz, a 1/4 oz, a full oz, a Buffalo and a British sovereign and I want enough Silver eagles that I can make two small stacks of them on my kitchen table. :twisted: Please let the price go down, please let the price go down, please let the price go do...
by Phineas J. Whoopee
Thu Aug 21, 2014 5:03 pm
 
Forum: Investing - Theory, News & General
Topic: Gold, Silver, Copper
Replies: 113
Views: 6986

Re: Defining "Stay the Course"

... So, did I stay the course? ... You stayed the course if your IPS says to consider such moves should your job situation change, or if you re-evaluated your IPS in light of the new development. Staying the course is navigating efficiently between Queenstown and NYC. It is not running right into t...
by Phineas J. Whoopee
Thu Aug 21, 2014 3:45 pm
 
Forum: Investing - Theory, News & General
Topic: Defining "Stay the Course"
Replies: 41
Views: 3649

Re: Dividend income strategy: Pick the fund with highest yie

... Vanguard's highest yield ETF that isn't Bonds is Utilities (VPU) with a 3.5% yield. It had a higher yield. Nobody, including you, knows what its yield will be in the future. The next 3 highest non-Bond yield ETFs are Telecom (VOX- 3.1% yield), High Dividend Yield (VYM- 3%), and Consumer Staples...
by Phineas J. Whoopee
Thu Aug 21, 2014 3:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dividend income strategy: Pick the fund with highest yield?
Replies: 9
Views: 900

Re: Defining "Stay the Course"

... fine we do that and what happens, my husband dies at 54 before ever retiring. I'm very sorry to hear about your loss. That must be terrible. Now when it seems like I've got a halfway decent chance of retiring, oops nope can't do it because now I may get my knickers sued off because my elderly d...
by Phineas J. Whoopee
Thu Aug 21, 2014 3:07 pm
 
Forum: Investing - Theory, News & General
Topic: Defining "Stay the Course"
Replies: 41
Views: 3649

Re: Defining "Stay the Course"

[OT comments removed by admin LadyGeek] I'm merely curious why it's ok to deviate from one's IPS if there is a change which impacts only the deviatee but not ok if there is some kind of change which impacts the community in general. I've never heard it discussed. No hidden agenda with me. One's IPS...
by Phineas J. Whoopee
Thu Aug 21, 2014 3:01 pm
 
Forum: Investing - Theory, News & General
Topic: Defining "Stay the Course"
Replies: 41
Views: 3649

Re: Bogleheads and Dividend Paying Stocks

I have been reading a variety of boglehead threads for awhile and I often leave with the impression that it is near heresy to consider dividend paying stocks as a good thing or a way to generate income by individuals on these threads when talking about how to manage your assets and was curious as t...
by Phineas J. Whoopee
Wed Aug 20, 2014 8:44 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads and Dividend Paying Stocks
Replies: 22
Views: 2009
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