Search found 3592 matches

by Phineas J. Whoopee
Thu Jul 30, 2015 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: The last 18 months of work-things to think about?
Replies: 2
Views: 84

Re: The last 18 months of work-things to think about?

One common suggestion is, assuming you haven't already, lay out your retirement budget and live on it now, increased if necessary for such things as commuting expenses and business clothing maintenance. That way, if you need to make adjustments, you'll discover the fact before finalizing a decision ...
by Phineas J. Whoopee
Thu Jul 30, 2015 12:49 pm
Forum: Investing - Theory, News & General
Topic: Why is stock market so reactionary to news on daily basis?
Replies: 42
Views: 2325

Re: Why is stock market so reactionary to news on daily basis?

... I'm rather skeptical that bots are processing textual news inputs and trading on the algorithmic interpretations , but once the news is priced in, the bots may magnify the effect by executing trades that assume the effect will continue for a very short horizon. ... Good post overall, jalbert. I...
by Phineas J. Whoopee
Tue Jul 28, 2015 3:45 pm
Forum: Investing - Theory, News & General
Topic: Apple individual stock, what am I missing here?
Replies: 55
Views: 4075

Re: Apple individual stock, what am I missing here?

Hi bhsince87, I don't want to disagree with your statement, especially since you present it as your own opinion. How could I argue with you over that? It is your opinion. The EMH does not claim investors act rationally, and especially not rationally as viewed by you, or me, or any other individual. ...
by Phineas J. Whoopee
Tue Jul 28, 2015 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: today or wait a week
Replies: 14
Views: 1727

Re: today or wait a week

Toons wrote:...
Today is the day to invest :happy :happy

One great way of going about things, and with which I fully agree. For OP, who already made the decision anyway, the same idea is also expressed as "the best day to invest was yesterday. The second-best day is today." :happy
PJW
by Phineas J. Whoopee
Tue Jul 28, 2015 2:52 pm
Forum: Investing - Theory, News & General
Topic: Apple individual stock, what am I missing here?
Replies: 55
Views: 4075

Re: Apple individual stock, what am I missing here?

toto238 wrote:...
I guess EMH says the markets are never rational, but we never know except in hindsight if they are irrationally optimistic or pessimistic at any given time.

And on that point at least, the EMH making no claims or even definitions of rationality, we most certainly agree.
:sharebeer

PJW
by Phineas J. Whoopee
Tue Jul 28, 2015 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from TIPs fund to TIPs ladder???
Replies: 32
Views: 1711

Re: Moving from TIPs fund to TIPs ladder???

If one's objective is liability matching over a naturally limited lifetime (as opposed to institutions, which in the grand scheme can't last forever, but aren't limited by individual mortality), holding a non-rolling ladder of TIPS, with its steadily decreasing average duration , can be a sensible m...
by Phineas J. Whoopee
Tue Jul 28, 2015 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from TIPs fund to TIPs ladder???
Replies: 32
Views: 1711

Re: Moving from TIPs fund to TIPs ladder???

^ I'm happy you think so. In the future you may wish to refer back to it.
PJW
by Phineas J. Whoopee
Tue Jul 28, 2015 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Moving from TIPs fund to TIPs ladder???
Replies: 32
Views: 1711

Re: Moving from TIPs fund to TIPs ladder???

What is the nominal yield for the Vanguard Intermediate TIPS fund? Nobody can can calculate it, because nobody can know today's and future CPI numbers until after the fact. One can find out what it was , but that may not help. With nominal bonds you know how much money you are going to get, so you ...
by Phineas J. Whoopee
Mon Jul 27, 2015 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need Umbrella Insurance if my Assets < Liability Limits?
Replies: 14
Views: 1279

Re: Do I need Umbrella Insurance if my Assets < Liability Limits?

neurosphere wrote:...
I don't remember to be honest. ...

Good!

To paraphrase:

I will remember that any wealth or liability insurance limits I have are to be revealed strictly on a need-to-know basis. I will also remember that no one needs to know.

PJW
by Phineas J. Whoopee
Mon Jul 27, 2015 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Do I dump the Vanguard energy Fund in my 401k
Replies: 32
Views: 2850

Re: Do I dump the Vanguard energy Fund in my 401k

... I am agreeing that the total market allocation is correct. My response was to the previous posts recommending that I hold the Energy fund and use 3 fund portfolio with the remaining funds. In that scenario I felt I would be holding too much in energy stocks at approximately 26% of my total 401k...
by Phineas J. Whoopee
Mon Jul 27, 2015 8:58 pm
Forum: Investing - Theory, News & General
Topic: Bond Market’s Got It All Wrong ?
Replies: 10
Views: 1663

Re: Bond Market’s Got It All Wrong ?

Another interesting observation is, according to the article at least, participants in the US bond market have overestimated inflation for nearly a decade. That means the breakeven rate was higher than realized inflation, which is the circumstance under which nominal Treasuries should be expected to...
by Phineas J. Whoopee
Mon Jul 27, 2015 8:24 pm
Forum: Investing - Theory, News & General
Topic: I know I'm not the only one... [dividend paying stock funds]
Replies: 24
Views: 2690

Re: I know I'm not the only one...

I've read that, over the past century, 75% of market returns would have come from dividends The implication being that money companies reinvest in themselves has typically been used less efficiently Non-acrimoniously, it means 3/4 of the total return was represented by dividends, and 1/4 by price c...
by Phineas J. Whoopee
Mon Jul 27, 2015 7:54 pm
Forum: Investing - Theory, News & General
Topic: I know I'm not the only one... [dividend paying stock funds]
Replies: 24
Views: 2690

Re: I know I'm not the only one...

... So I don't understand why they say that owning dividend producing funds is good if you are looking for income, besides tax advantages. ... Which them is they, and why do they say it? At the time a company pays a dividend it reduces the amount of money it owns, because it transferred ownership t...
by Phineas J. Whoopee
Mon Jul 27, 2015 7:14 pm
Forum: Investing - Theory, News & General
Topic: Bond Market’s Got It All Wrong ?
Replies: 10
Views: 1663

Re: Bond Market’s Got It All Wrong ?

I read the Bloomberg article, thanks for the link, Rx 4 investing, and I'm pretty sure it didn't say, as you claimed in the body of your post, the breakeven rate is the Fed's favorite , although obviously they take it into account. I'm pretty sure the Fed's main benchmark is the core chained PCE , t...
by Phineas J. Whoopee
Mon Jul 27, 2015 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Do I dump the Vanguard energy Fund in my 401k
Replies: 32
Views: 2850

Re: Do I dump the Vanguard energy Fund in my 401k

Thanks you to everyone who has commented here. I would like to clarify that I am not considering selling the energy fund because it has gone down in value, I have a relatively high risk tolerance at this time since I am still in my 30's. It is more based on the fact that I am trying to achieve a pr...
by Phineas J. Whoopee
Mon Jul 27, 2015 5:13 pm
Forum: Investing - Theory, News & General
Topic: "Investing for Retirement: The Defined Contribution Challenge" by Ben Inker and Martin Tarlie
Replies: 1
Views: 605

Re: "Investing for Retirement: The Defined Contribution Challenge" by Ben Inker and Martin Tarlie

OK, I read it. They're advocating tactical allocation. Vanguard's old Asset Allocation Fund did so badly they merged it with their Balanced Index Fund, which maintains a static stock to bond ratio. Other families' tactical allocation funds achieved still worse returns, because they charged more. The...
by Phineas J. Whoopee
Mon Jul 27, 2015 4:21 pm
Forum: Personal Consumer Issues
Topic: Can you return food at a restaurant and not have to pay for it?
Replies: 46
Views: 4306

Re: Can you return food at a restaurant and not have to pay for it?

... Just as an aside, some Chinese restaurants that serve dumplings have Black Vinegar in a jar which may have been mistaken for Soy Sauce. I'd suspect that's what the "spoiled" condiment was---it will smell off and taste sour. But mixed with chili sauce it will make dumplings superb. It'...
by Phineas J. Whoopee
Mon Jul 27, 2015 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: advice for mother-in-law IRA
Replies: 3
Views: 268

Re: advice for mother-in-law IRA

Welcome to the forum, and sorry to read about your loss. Can you give us an idea of how much your mother in law will need to spend from the portfolio? That's a different question from what the RMD is. RMDs can be taken, and tax paid, and the remainder invested rather than spent. If you can tell us t...
by Phineas J. Whoopee
Mon Jul 27, 2015 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH choices to last generations
Replies: 3
Views: 432

Re: ROTH choices to last generations

Welcome to the forum! I would do my best to make sure the 40 - 100 year future generations have investment and even account-type flexibility, assuming our capital-based economy goes on so long. I'm not saying it won't, nor am I expressing any opinion about whether it should. I'm merely recognizing t...
by Phineas J. Whoopee
Sun Jul 26, 2015 9:55 pm
Forum: Investing - Theory, News & General
Topic: Slice and Dice: why not?
Replies: 84
Views: 4571

Re: Slice & Dice or Total Market?

... You can also find 15 year periods where TBM beat TSM. Does that mean you give up TSM? I don't think so. You hold TSM because you expect a portfolio of TSM + TBM to have higher expected returns and higher risk-adjusted returns than a portfolio of TBM alone. Similarly, SCV is to TSM as TSM is to ...
by Phineas J. Whoopee
Sun Jul 26, 2015 6:54 pm
Forum: Investing - Theory, News & General
Topic: Slice and Dice: why not?
Replies: 84
Views: 4571

Re: Slice and Dice: why not?

nisiprius wrote:...
You read my mind. It's creepy. I have an email I sent to some friends. It's dated 21 July, 2015. The subject line was:
...

Does this mean I play Leibniz to your Newton?
PJW
by Phineas J. Whoopee
Sun Jul 26, 2015 6:36 pm
Forum: Investing - Theory, News & General
Topic: Cap weight maximum diversification?
Replies: 46
Views: 2359

Re: Cap weight maximum diversification?

You and I most certainly do not agree.

That there is no consensus on the forum, at least in my observation, doesn't mean the forum agrees or disagrees with you. It can't, if I'm right about it, because it has no consistent view.

Please don't attribute positions or emotions to me.

PJW
by Phineas J. Whoopee
Sun Jul 26, 2015 6:32 pm
Forum: Investing - Theory, News & General
Topic: Slice and Dice: why not?
Replies: 84
Views: 4571

Re: Slice and Dice: why not?

... You are forgetting that most investors aren't active investors weighing fundamentals. They are just passive investors buying cap-weighted index funds or investing through an institution that probably has a mandate to buy cap-weighted index funds. ... I believe I have good reason to think your a...
by Phineas J. Whoopee
Sun Jul 26, 2015 6:22 pm
Forum: Investing - Theory, News & General
Topic: Slice and Dice: why not?
Replies: 84
Views: 4571

Re: Slice and Dice: why not?

^^ Lest anybody not exhibit conspiratorial thinking, let me point out nisiprius and I have never been photographed together.
PJW
by Phineas J. Whoopee
Sun Jul 26, 2015 6:12 pm
Forum: Investing - Theory, News & General
Topic: Cap weight maximum diversification?
Replies: 46
Views: 2359

Re: Cap weight maximum diversification?

^ Fair enough, and let's advance the conversation. If cap-weight isn't maximally diversified, and equal-weight also isn't, what do you think is maximally diversified? That's a trick question. Really what I'm asking is what's the definition of the investing term diversification , and for that, I thin...
by Phineas J. Whoopee
Sun Jul 26, 2015 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Stock & Corporate Bond Portfolio
Replies: 3
Views: 409

Re: Stock & Corporate Bond Portfolio

You should have some international equities in your portfolio. You can get the improved diversification without sacrificing the simplicity that you desire. ... :oops: Good point. The OP said 60/40, I assumed it meant stock:bond and skimmed over the rest, but in fact the proposed 20% international i...
by Phineas J. Whoopee
Sun Jul 26, 2015 5:45 pm
Forum: Investing - Theory, News & General
Topic: Cap weight maximum diversification?
Replies: 46
Views: 2359

Re: Cap weight maximum diversification?

If cap-weight is wrong, overemphasizing large companies, and equal-weight is also wrong, overemphasizing small companies, then one must have some other idea about the right weight. Here, those who post will be challenged to support their views. What do you feel is the correct allocation between comp...
by Phineas J. Whoopee
Sun Jul 26, 2015 5:37 pm
Forum: Personal Consumer Issues
Topic: Can you return food at a restaurant and not have to pay for it?
Replies: 46
Views: 4306

Re: Can you return food at a restaurant and not have to pay for it?

Some restaurants will go along with it, and some won't. In this case, because it wasn't charging for the first dish, it cost the restaurant nothing to provide the food as a take-out. The only alternatives were to throw it in the garbage or feed it to the staff, and I should think the latter would be...
by Phineas J. Whoopee
Sun Jul 26, 2015 4:59 pm
Forum: Investing - Theory, News & General
Topic: Slice and Dice: why not?
Replies: 84
Views: 4571

Re: Slice and Dice: why not?

Institutional investment managers are selling the small value strategy really hard to institutional investors , citing behavioral reasons to support the assertion that the historical outperformance will persist . If the small value premium is a market inefficiency , lots of people are focused on ex...
by Phineas J. Whoopee
Sun Jul 26, 2015 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Doc changing last name
Replies: 23
Views: 3582

Re: Doc changing last name

I well remember when I first became aware there existed female physicians. It happened while watching a sitcom my parents liked, and I had to ask for an explanation. They were universally called, including on the show, "lady doctors." Later on they became "woman doctors." Now the...
by Phineas J. Whoopee
Sun Jul 26, 2015 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Proportions large/mid/small cap and value v.s. growth
Replies: 4
Views: 396

Re: Proportions large/mid/small cap and value v.s. growth

I agree with David, and would like to add that Vanguard's Portfolio Watch tool, by my direct experience, doesn't even correctly classify the holdings of all of Vanguard's own mutual funds. In particular, in my 401(k) I don't have access to Vanguard Total Stock, but I do have V Institutional Index (a...
by Phineas J. Whoopee
Sun Jul 26, 2015 3:09 pm
Forum: Investing - Theory, News & General
Topic: Slice and Dice: why not?
Replies: 84
Views: 4571

Re: Slice and Dice: why not?

... You're right. Amateur mistake on my part. The point still stands that bond yields were high in the 70s which explains why stock & bond portfolios did so well since then. With bond yields in the gutter now, I wonder if we'll look back on 2015-2024 as a decade of abysmal bond returns and we'l...
by Phineas J. Whoopee
Sun Jul 26, 2015 3:05 pm
Forum: Investing - Theory, News & General
Topic: Slice and Dice: why not?
Replies: 84
Views: 4571

Re: Slice and Dice: why not?

... Let me fix that for you: In this case slice and dice has had higher risk-adjusted returns and higher returns and less risk, so it's a win on all fronts. What's the problem? ... And, getting into the spirit, let me further improve that for you : In this case slice and dice has had higher risk-ad...
by Phineas J. Whoopee
Sun Jul 26, 2015 2:38 pm
Forum: Investing - Theory, News & General
Topic: Cap weight maximum diversification?
Replies: 46
Views: 2359

Re: Cap weight maximum diversification?

Anytime somebody discusses "diversification" in the context of outperforming the market, what is actually being discussed in *concentrating* one's investments in the segments of the market that one expects to perform the best. I'm not trying to find a segment that will outperform (like ma...
by Phineas J. Whoopee
Sun Jul 26, 2015 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Stock & Corporate Bond Portfolio
Replies: 3
Views: 409

Re: Stock & Corporate Bond Portfolio

I think it should be good enough. There's way too much anxiety here, in my opinion, about very minor differences between low-cost investment-grade intermediate-term bond funds, even as we sling factor and emerging market tilt advocacy about as if it were corned beef hash.
PJW
by Phineas J. Whoopee
Sat Jul 25, 2015 7:37 pm
Forum: Investing - Theory, News & General
Topic: "Total" Stock No More So than "Total" Bond
Replies: 52
Views: 3801

Re: "Total" Stock No More So than "Total" Bond

^ Unless, of course, they're standing around under a buttonwood tree.
PJW
by Phineas J. Whoopee
Sat Jul 25, 2015 7:30 pm
Forum: Investing - Theory, News & General
Topic: "Total" Stock No More So than "Total" Bond
Replies: 52
Views: 3801

Re: "Total" Stock No More So than "Total" Bond

Aggregate is a synonym for total and visa versa. Except, with respect to Barclay's indices , the ones Vanguard uses to define their bond index funds, it isn't a synonym. Barclay's also uses the word universal , by which they mean something else yet again. My South American colleagues, whose being i...
by Phineas J. Whoopee
Sat Jul 25, 2015 7:16 pm
Forum: Investing - Theory, News & General
Topic: "Total" Stock No More So than "Total" Bond
Replies: 52
Views: 3801

Re: "Total" Stock No More So than "Total" Bond

... Your link is to the CRSP U.S. Total Market Index. Do you think that CRSP is misleading you by using the word Total? Thanks for asking the question, terrabiped. No, I do not think CRSP, or Barclays, or Vanguard is misleading me. I'm responding, from the beginning of this thread I started, to the...
by Phineas J. Whoopee
Sat Jul 25, 2015 6:33 pm
Forum: Investing - Theory, News & General
Topic: "Total" Stock No More So than "Total" Bond
Replies: 52
Views: 3801

Re: "Total" Stock No More So than "Total" Bond

^ Your and my opinions aren't at issue. The issue is, does Vanguard, by calling its Barclays U.S. Aggregate Float Adjusted Index fund "total," mislead us, intentionally or otherwise? Maybe it doesn't. Maybe it does. But if it does, then Vanguard misleads us by calling its Total Stock Marke...
by Phineas J. Whoopee
Sat Jul 25, 2015 5:23 pm
Forum: Investing - Theory, News & General
Topic: "Total" Stock No More So than "Total" Bond
Replies: 52
Views: 3801

Re: "Total" Stock No More So than "Total" Bond

^ :!:

My only wish is I never get any fame from it. The coiffe I'd need in order to appear on CNBC would ruin me.

PJW
by Phineas J. Whoopee
Sat Jul 25, 2015 4:14 pm
Forum: Investing - Theory, News & General
Topic: "Total" Stock No More So than "Total" Bond
Replies: 52
Views: 3801

Re: "Total" Stock No More So than "Total" Bond

^ A former colleague of mine, a rather good engineer, used to refer to the marketeers.
PJW
by Phineas J. Whoopee
Sat Jul 25, 2015 3:47 pm
Forum: Investing - Theory, News & General
Topic: "Total" Stock No More So than "Total" Bond
Replies: 52
Views: 3801

Re: "Total" Stock No More So than "Total" Bond

Absolutely, JoMoney. That's a real-world issue to be concerned about.
PJW
by Phineas J. Whoopee
Sat Jul 25, 2015 3:21 pm
Forum: Investing - Theory, News & General
Topic: "Total" Stock No More So than "Total" Bond
Replies: 52
Views: 3801

Re: "Total" Stock No More So than "Total" Bond

... B) Vanguard should not use a fund name that is inaccurate or misleading. Is it your contention that any "total" Total Bond Market Index Fund should include defaulted issues, which most certainly are part of the market, unless they're private, not sovereign, and have been dismissed by ...
by Phineas J. Whoopee
Sat Jul 25, 2015 2:20 pm
Forum: Investing - Theory, News & General
Topic: Apple individual stock, what am I missing here?
Replies: 55
Views: 4075

Re: Apple individual stock, what am I missing here?

TradingPlaces wrote:...
At the same time, real companies like AAPL have real and not paper valuations.
...

But, aren't the valuations of the real companies like AAPL that have real and not paper valuations paper in the first place?
PJW
by Phineas J. Whoopee
Sat Jul 25, 2015 12:53 pm
Forum: Investing - Theory, News & General
Topic: "Total" Stock No More So than "Total" Bond
Replies: 52
Views: 3801

Re: "Total" Stock No More So than "Total" Bond

^ May I suggest we, having recognized an unmet need, and thereby having an opportunity to make lots and lots and lots of money, create a Total Default Bond Index Fund, covering only those issues rated D ? Held in proportion to their market values, of course. I don't want to get weird here. PJW
by Phineas J. Whoopee
Fri Jul 24, 2015 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Unequal estimated tax payments
Replies: 25
Views: 1777

Re: Unequal estimated tax payments

Absolutely, and thanks for the elaboration.

I stand by both what I wrote, including the reference to the instructions, and by what you wrote.

PJW
by Phineas J. Whoopee
Fri Jul 24, 2015 9:26 pm
Forum: Investing - Theory, News & General
Topic: "Total" Stock No More So than "Total" Bond
Replies: 52
Views: 3801

Re: "Total" Stock No More So than "Total" Bond

^^^ Thank you, LadyGeek. That was my intent.
PJW
by Phineas J. Whoopee
Fri Jul 24, 2015 6:57 pm
Forum: Investing - Theory, News & General
Topic: "Total" Stock No More So than "Total" Bond
Replies: 52
Views: 3801

Re: "Total" Stock No More So than "Total" Bond

No. My argument is complaints about Total Bond not being literally "total" are no more sensible than complaints about Total Stock not being literally "total" would be. I suppose I, once again, failed to communicate clearly, and doubly so to you. I apologize to the community. I'll...

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