Search found 6113 matches

by baw703916
Tue Jun 30, 2015 8:13 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 22
Views: 1135

Re: TIPS - Did you give up?

abuss368 wrote:
I should have worded differently: I was referring to discussion and advice Vanguard publishes.


OK, I wondered about if that was what you meant.

My solution is to just ignore advice, even from Vanguard.:)
by baw703916
Tue Jun 30, 2015 5:07 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 22
Views: 1135

Re: TIPS - Did you give up?

Vanguard has removed the Intermediate TIPS fund and does not really address this asset class any longer. Did VIPSX go away? I see it listed in Vanguard's fund lineup and don't see any announcement of it being liquidated. I own LTPZ. I'm not sure why I would give up on TIPS. They're doing their job ...
by baw703916
Mon Jun 29, 2015 10:00 pm
Forum: Investing - Theory, News & General
Topic: Does your state muni bond fund hold PR debt? My MN fund does
Replies: 5
Views: 638

Re: Does your state muni bond fund hold PR debt? My MN fund does

Here's the portion of interest from Puerto Rico for Vanguard's Tax exempt bond funds and tax-managed balanced fund: 2014 TE money market 0.04% short term TE 0.15% limited term TE 0.13% intermediate term TE 0.66% long term TE 1.43% high yield TE 2.81% TE balanced 0.50% 2013 TE money market 0.02% shor...
by baw703916
Sun Jun 28, 2015 2:33 pm
Forum: Forum Issues and Administration
Topic: Forum Software Upgrade at 4 PM Eastern TODAY [Complete]
Replies: 9
Views: 652

Re: Forum Software Upgrade at 4 PM Eastern TODAY

Hope the upgrade goes smoothly, thanks for all you do!
by baw703916
Sun Jun 28, 2015 12:57 pm
Forum: Investing - Theory, News & General
Topic: The next Lehman - this week? [Greek default]
Replies: 150
Views: 12980

Re: The next Lehman - this week? [Greek default]

livesoft wrote:Here is a fun read from today on hedge funds invested in Greek debt: http://www.nytimes.com/2015/06/29/busin ... reece.html


I plan to stick to my course of not investing in hedge funds. :)
by baw703916
Sun Jun 28, 2015 12:21 pm
Forum: Investing - Theory, News & General
Topic: An Argument for Long Term Treasury Bonds
Replies: 61
Views: 4543

Re: An Argument for Long Term Treasury Bonds

watchnerd wrote:Is there a good fund/ETF for 10-year Treasuries?


TENZ (PIMCO) is one possibility. There may be an iShares offering also.
by baw703916
Sun Jun 28, 2015 12:15 pm
Forum: Investing - Theory, News & General
Topic: The next Lehman - this week? [Greek default]
Replies: 150
Views: 12980

Re: The next Lehman - this week? [Greek default]

In reference to Taylor Larimore's previous post: Bogleheads: I wonder how many of us realize that the Gross Domestic Product of Greece is less than the State of Washington and its population is less than the State of Florida?... This forum reaches a world-wide audience. For balance, the Economy of ...
by baw703916
Sun Jun 28, 2015 11:46 am
Forum: Investing - Theory, News & General
Topic: Why long term treasury bonds?
Replies: 20
Views: 3284

Re: Why long term treasury bonds?

That's correct, there is only the ETF and institutional share classes.
by baw703916
Sun Jun 28, 2015 11:34 am
Forum: Investing - Theory, News & General
Topic: The next Lehman - this week? [Greek default]
Replies: 150
Views: 12980

Re: The next Lehman - this week? [Greek default]

One thing that a lot of people seem to have missed is that apart from Greece, the peripheral countries in Europe have gotten their finances in order pretty significantly over the past few years. Here's 10 year bond yields as of 6/26/2015 for sovereign debt of some countries. A higher yield indicates...
by baw703916
Sat Jun 27, 2015 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Where to Begin [Tax Efficient Mutual Funds for Some Inheritance]
Replies: 15
Views: 1301

Re: Tax Efficient Mutual Funds for Some Inheritance

Total bond isn't very tax efficient, so you would want to put this in the IRA. To the extent you will buy bonds in taxable, either a purely Treasury fund (if your state has income tax, the interest on Treasuries is exempt from state tax) or Intermediate term Tax-exempt Bond is preferable. These two ...
by baw703916
Mon Jun 22, 2015 10:05 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 143
Views: 18923

Re: When saving money becomes an irrational obsession

Here's a challenge for everyone: what advice would you give to a young person if you knew their tendency was to oversave, rather than spend? The first question is why a person oversaves: 1) If it's to provide more money for heirs and charity, then I wouldn't consider that irrational. 2) At least on...
by baw703916
Mon Jun 22, 2015 8:34 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 143
Views: 18923

Re: When saving money becomes an irrational obsession

EmergDoc wrote:I wrote a post on that a few years ago:

http://whitecoatinvestor.com/enough-is-enough/


Emerdoc,

That was insightful and apropos. Thanks for reposting those excerpts! (The rest of the column is well worth reading, I encourage others to take a look).
by baw703916
Mon Jun 22, 2015 4:26 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 143
Views: 18923

Re: When saving money becomes an irrational obsession

Here's a challenge for everyone: what advice would you give to a young person if you knew their tendency was to oversave, rather than spend? Marry someone who can teach them how to spend :) Seriously - this is what happened to me. After I got married I used to joke that I put all the money into our...
by baw703916
Mon Jun 22, 2015 4:00 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 143
Views: 18923

Re: When saving money becomes an irrational obsession

So here's something interesting. When I went to the article, there were links to three other articles on the G&M website, all of which had a common theme: stop spending so much and save more! Serious question: if your most likely failure mode (in personal finance or some other area) is in the op...
by baw703916
Fri Jun 19, 2015 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why Bay Area real estate is so expensive
Replies: 12
Views: 2006

Re: Why Bay Area real estate is so expensive

All of the new houses and other new bldgs. built in the last 10 or 15 years have to be built at much higher cost than other areas of the U.S. due to meeting earthquake standards. Add to that a faster appreciation rate due to demand, well, it's no wonder, is it If that were really the driving factor...
by baw703916
Wed Jun 17, 2015 6:10 pm
Forum: Investing - Theory, News & General
Topic: Fizzy swans: decompression sickness as an analogy for investing risk?
Replies: 15
Views: 1813

Re: Fizzy swans: decompression sickness as an analogy for investing risk?

Maybe I'll just replace the nitrogen in my portfolio with helium. That will make the risk go away! :idea:
by baw703916
Tue Jun 16, 2015 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Call from debt collector, should I follow up
Replies: 19
Views: 2519

Re: Call from debt collector, should I follow up

I googled the number, the results were...interesting. If it were me I wouldn't call them back. I think that any legitimate debt collection has to involve written notification. Has any been received?
by baw703916
Mon Jun 15, 2015 3:46 pm
Forum: Investing - Theory, News & General
Topic: Today wasn't a RBD (Really Bad Day)!
Replies: 28
Views: 5005

Today wasn't a RBD (Really Bad Day)!

So over the weekend there were a couple of threads (which I think got locked) about how markets might be in for a wild ride due to the possibility of Greece leaving the Euro. That's not what I want to talk about here, so hopefully the mods won't see the need to lock this thread. Rather, I want to di...
by baw703916
Sun Jun 14, 2015 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - Less than meets the eye
Replies: 56
Views: 6114

Re: Long term care insurance - Less than meets the eye

Actually, you don't win if you need LTC at a fairly young age--unless you happen to have a policy with unlimited benefits. You may receive more in benefits than you paid in, but this is the wrong way to look at insurance. You should look at it in terms of mitigating the risks to a point that they'r...
by baw703916
Sun Jun 14, 2015 3:09 pm
Forum: Investing - Theory, News & General
Topic: Will Saudi Arabia be added into Total International Stock?
Replies: 19
Views: 3088

Re: Will Saudi Arabia be added into Total International Stock?

Apparently MSCI is considering adding SA to Emerging markets, but not moving yet: MSCI said that it will seek feedback from international institutional investors on the accessibility of the Saudi Arabia equity market following its opening on June 1, 2015 before considering adding the MSCI Saudi Arab...
by baw703916
Sun Jun 14, 2015 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - Less than meets the eye
Replies: 56
Views: 6114

Re: Long term care insurance - Less than meets the eye

There are plenty of problems with LTC insurance, but this isn't one of them: Require long-term care when you are relatively young, and you win, financially. Require it much later, or not at all, and the insurance company wins. LTCI can be a screaming good deal, if you’re afflicted early. But, at th...
by baw703916
Sat Jun 13, 2015 9:36 pm
Forum: Investing - Theory, News & General
Topic: Aren't bogleheads predicting the long term?
Replies: 84
Views: 8365

Re: Aren't bogleheads predicting the long term?

If the stock market in one's home country goes to zero, or there is a decades-long period of economic decline (in an absolute sense, meaning negative real GDP "growth" for decades), then no investment strategy is going to work. So while it's correct that there's a tacit assumption that's n...
by baw703916
Sat Jun 13, 2015 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - Less than meets the eye
Replies: 56
Views: 6114

Re: Long term care insurance - Less than meets the eye

Are you sure about this? Obviously an individual policy is likely not possible, but there are definitely employer group plan LTC policies that guarantee issue without proof of insurability IF you sign up at the time you are hired. For example, NY State public employees have 60 days from date of hir...
by baw703916
Sat Jun 13, 2015 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - Less than meets the eye
Replies: 56
Views: 6114

Re: Long term care insurance - Less than meets the eye

If I move to a nursing home for the rest of my life, then I will not be spending $100K a year living in my home, driving my car, going on vacations, etc. Do you think I could just shift from paying regular expenses to paying nursing home expenses and stay solvent? $100K a year is a lot more than I'...
by baw703916
Sat Jun 13, 2015 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual fund vs ETFs - tax efficiency
Replies: 6
Views: 756

Re: Mutual fund vs ETFs - tax efficiency

In 2014, the Fidelty fund FSGDX (total int'l) was more tax-efficient than VXUS (total int'l). But FSGDX had lower performance and has consistently lower performance for unknown reasons, so VXUS returned more after tax anyways. So beware of judging by tax efficiency alone, since after all the fund t...
by baw703916
Sat Jun 13, 2015 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual fund vs ETFs - tax efficiency
Replies: 6
Views: 756

Re: Mutual fund vs ETFs - tax efficiency

No. For Vanguard (and only Vanguard--patent) ETFs are a share class of the index funds. All share classes have the same tax efficiency, but the existence of ETF shares makes all share classes more tax efficient. Compare distributions between VEXMX and Fidelity's Extended Market index fund for a good...
by baw703916
Sat Jun 13, 2015 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - Less than meets the eye
Replies: 56
Views: 6114

Re: Long term care insurance - Less than meets the eye

^IMO, The issue of self investment of LTCi dollars is a false avenue. Who will save and invest for 30 years for the use of possible LTC? SWR and VWR assume that you will draw down the Retirement funds to a near zero balance at a quick death at NNN years old. I never have seen a reserve in the WR fo...
by baw703916
Fri Jun 12, 2015 9:59 pm
Forum: Investing - Theory, News & General
Topic: Here we go again or is it different this time
Replies: 18
Views: 2805

Re: Here we go again or is it different this time

Those predictions are demonstrably false. If you buy a bunch of 10 year individual TIPS in a Roth account and hold them until maturity, you are guaranteed a positive real return of a little over 0.50% per year. Not a bonanza, but a positive number, independent of what inflation does. 0% nominal retu...
by baw703916
Thu Jun 11, 2015 7:47 pm
Forum: Investing - Theory, News & General
Topic: Small Cap (Value) Tilt vs. Market Weight
Replies: 52
Views: 6054

Re: Small Cap (Value) Tilt vs. Market Weight

So, if a large corporation with 100 brands decided to split and create 100 small companies around each brand, do you think it would be a good idea to put 100x the money that was invested in the large corporation to buy equal amounts of the 100 small companies? Likewise, if a group of investors deci...
by baw703916
Thu Jun 11, 2015 5:40 pm
Forum: Investing - Theory, News & General
Topic: Momentum vs Mean Reversion
Replies: 5
Views: 707

Re: Momentum vs Mean Reversion

I'm not sure how meaningful this analysis is. The reason being that in the one non-Monte Carlo example, four individual stocks are considered. For individual stocks, things like momentum, mean reversion, valuations, etc. are going to be completely overshadowed by factors specific to that company or ...
by baw703916
Wed Jun 10, 2015 9:53 pm
Forum: Investing - Theory, News & General
Topic: Vang Total Bond Market, trailing its benchmark?
Replies: 7
Views: 1795

Re: Vang Total Bond Market, trailing its benchmark?

The TSP F Fund (which tracks the same index) had a YTD return through May of 1.13%, and a May return of -0.26%. YTD through June 9, it's -0.307% https://www.tsp.gov/investmentfunds/monthly/monthlyReturns.shtml Could some of this be due to rounding share prices to the nearest penny? The TSP funds hav...
by baw703916
Tue Jun 09, 2015 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Latest TSP (Thrift) Contribution Date?
Replies: 29
Views: 2587

Re: Latest TSP (Thrift) Contribution Date?

It's by calendar year, so yes any 2015 contributions would have to be made by the end of December.

Have you contributed to a 401k in the first half of this year though? If so then the total TSP + 401k contributions are limited to $18K.
by baw703916
Tue Jun 09, 2015 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Letter from Vanguard increasing international
Replies: 24
Views: 2738

Re: Letter from Vanguard increasing international

The best advice is to pick a % of equities to put in international (something between 20% and market weight--60%) and just stick to that number. The number you pick is probably less important than the sticking to it. It's unfortunate that Vanguard doesn't seem to be able to do this.
by baw703916
Mon Jun 08, 2015 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me understand tax-exempt bond funds
Replies: 12
Views: 1574

Re: Please help me understand tax-exempt bond funds

Federal issues are exempt from state tax (but are subject to federal tax). Municipal bonds are exempt from federal tax. Municipal bonds in your state are exempt from state tax too. There are a few exceptions, but that's about how it is. a. 3 and 4 b. 1, 2, 4, and 5. c. Potentially all of them if yo...
by baw703916
Mon Jun 08, 2015 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Time for Inverse ETF's?
Replies: 7
Views: 807

Re: Time for Inverse ETF's?

Still, the volatility drag is working against you if you hold an inverse or leveraged fund for an appreciable length of time. If you really want to make a bet that some investment is going to go down in price over the next year or so, independent of what it does between now and then, buying a put op...
by baw703916
Mon Jun 08, 2015 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Letter from Vanguard increasing international
Replies: 24
Views: 2738

Re: Questions for georgiaproud

I just lost more on international stock at less than half of the investment value of US stock. On $99,888 US stock I lost $1084 and on $41,985 international I lost $1288. georgiaproud: It is difficult to lose money in a bull market. I'm curious. What are your "US stock" and "Internat...
by baw703916
Sun Jun 07, 2015 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Letter from Vanguard increasing international
Replies: 24
Views: 2738

Re: Letter from Vanguard increasing international

This is what I just read in regard to Vanguard's move. http://www.marketwatch.com/story/will-chinas-stock-market-explode-on-wednesday-2015-06-07?mod=MW_story_top_stories I don't see how this (MSCI's decision whether to include China in Developed) relates to Vanguard. 1) Vanguard no longer used MSCI...
by baw703916
Sun Jun 07, 2015 11:38 am
Forum: Investing - Theory, News & General
Topic: "Do You Know How Much You're Paying?"
Replies: 44
Views: 6655

Re: "Do You Know How Much You're Paying?"

abuss368 wrote: Perhaps the financial services industry will become more transparent over time.


Lol! :)
by baw703916
Mon Jun 01, 2015 7:51 pm
Forum: Investing - Theory, News & General
Topic: Paul Farrell`s 8 lazy portfolios
Replies: 16
Views: 3423

Re: Paul Farrell`s 8 lazy portfolios

Without looking at risk levels of the portfolios (for which I propose the Oct. 2007-March 2009 drop in value) comparing the period returns is pretty close to meaningless. This thread is starting to frustrate me. So you are really saying you like my re-posting of Robert T.'s post above aren't you? :...
by baw703916
Sun May 31, 2015 12:12 pm
Forum: Personal Consumer Issues
Topic: Retirement and Proximity to "Teaching Hospitals"
Replies: 44
Views: 4216

Re: Retirement and Proximity to "Teaching Hospitals"

obgraham, I agree that throwing lots of technology at a patient when it's unlikely to significantly extend their life or improve its quality may not be worth it. But I would say that in the case of a very rare condition which persists over many years and has a large impact on quality of life the cal...
by baw703916
Sun May 31, 2015 10:16 am
Forum: Investing - Theory, News & General
Topic: Paul Farrell`s 8 lazy portfolios
Replies: 16
Views: 3423

Re: Paul Farrell`s 8 lazy portfolios

Without looking at risk levels of the portfolios (for which I propose the Oct. 2007-March 2009 drop in value) comparing the period returns is pretty close to meaningless. This thread is starting to frustrate me.
by baw703916
Sat May 30, 2015 10:22 pm
Forum: Investing - Theory, News & General
Topic: Paul Farrell`s 8 lazy portfolios
Replies: 16
Views: 3423

Re: Paul Farrell`s 8 lazy portfolios

It's worth pointing out that the "Second Grader's Starter Portfolio" has 90% equities, which I think has a lot to do with it winning the beauty contest. In retrospect, every lazy portfolio underperformed the S&P 500 over 1, 3, 5, and 10 years...hindsight is 20/20. If you put everything...
by baw703916
Fri May 29, 2015 3:39 pm
Forum: Investing - Theory, News & General
Topic: To ETF or Not to ETF? That is the question.
Replies: 52
Views: 6361

Re: To ETF or Not to ETF? That is the question.

An example of ETF arbitrage breaking down happened during the financial crisis to the municipal bond ETF MUB. Investors were selling, and the seizing up of the financial system in addition to the fact that munis aren't terribly liquid to begin with, caused a mismatch between NAV and market price of ...
by baw703916
Thu May 28, 2015 9:57 pm
Forum: Personal Consumer Issues
Topic: Selected photos of 3-week bicycle ride around the Italian Lakes
Replies: 35
Views: 2848

Re: Selected photos of 3-week bicycle ride around the Italian Lakes

Beautiful pictures! Thanks for sharing them with us.
by baw703916
Thu May 28, 2015 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: VXF vs FSEMX - Tax efficiency and returns [Extended market funds]
Replies: 9
Views: 599

Re: VXF vs FSEMX - Tax efficiency and returns [Extended market funds]

This recent thread compared the two funds.

http://www.bogleheads.org/forum/viewtop ... 0&t=165411

I think the biggest difference is the ETF share class for the Vanguard fund. This make all share classes of the fund more tax efficient.
by baw703916
Thu May 28, 2015 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Buying municipal bond funds now
Replies: 9
Views: 845

Re: Buying municipal bond funds now

Also, the sign for the Eaton Vance PA Muni Bond fund is EIP. It is a closed, no-load fund. http://quotes.morningstar.com/chart/fund/chart?t=ETPAX&region=usa&culture=en_US&dataParams=%7B%22zoomKey%22%3A9%2C%22version%22%3A%22US%22%2C%22showNav%22%3Atrue%2C%22defaultShowName%22%3A%22name%...
by baw703916
Thu May 28, 2015 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Buying municipal bond funds now
Replies: 9
Views: 845

Re: Buying municipal bond funds now

Here's a comparison between the Vanguard fund (VPAIX) and the Eaton Vance fund (ETPAX). http://quotes.morningstar.com/chart/fund/chart?t=ETPAX&region=usa&culture=en_US&dataParams=%7B%22zoomKey%22%3A9%2C%22version%22%3A%22US%22%2C%22showNav%22%3Atrue%2C%22defaultShowName%22%3A%22name%22%2...
by baw703916
Thu May 28, 2015 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Buying municipal bond funds now
Replies: 9
Views: 845

Re: Buying municipal bond funds now

That's a reasonable approach in your situation, but why the Eaton Vance fund? Vanguard does have a PA muni fund, which I'm sure has much lower expenses and will give a comparable return with a lot less risk.

https://personal.vanguard.com/us/funds/ ... IntExt=INT
by baw703916
Thu May 28, 2015 1:51 pm
Forum: Investing - Theory, News & General
Topic: "Are You Devoting Too Much Time (and Money) to Niche Asset Classes?"
Replies: 61
Views: 5586

Re: "Are You Devoting Too Much Time (and Money) to Niche Asset Classes?"

Taylor Larimore wrote:When I am unsure what to do I listen to experts.


You're confident in your ability to pick the right experts to listen to? ;)
by baw703916
Thu May 28, 2015 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of a "free" PhD program is around half a million? How does anyone afford this?
Replies: 91
Views: 6686

Re: Cost of a "free" PhD program is around half a million? How does anyone afford this?

While I am in the same general field as my PhD is in (health), I haven't directly dealt with my dissertation topic since my defense. What information I learned has no direct correlation to my career now. More than anything, what I developed was an ability to comprehend, research, and write on prett...

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