Search found 1774 matches

by bpp
Sat Aug 29, 2015 9:53 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks Does it Ever Make Sense?
Replies: 81
Views: 7342

Re: Individual Stocks Does it Ever Make Sense?

I have a basket of individual stocks, for the reasons baw703916 mentioned up-thread, but I manage it passively, along the lines discussed in the wiki: Passively managing individual stocks . On the other hand, doing it in the manner and for the reasons given in the original post in this thread would ...
by bpp
Thu Aug 27, 2015 6:34 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks Does it Ever Make Sense?
Replies: 81
Views: 7342

Re: Individual Stocks Does it Ever Make Sense?

Additionally, is the performance tracking error worth the savings in fees? Where do they get 1.5% in annual costs for index funds when the amount Vanguard charges investors is 0.05%? The answer, according to the article: Bogle says even the worst case scenario of losing a fraction of a point of ret...
by bpp
Mon Aug 24, 2015 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Filing Japanese tax returns (確定申告)
Replies: 31
Views: 3955

Re: Filing Japanese tax returns (確定申告)

LadyGeek wrote:Does the wiki need to be updated? Investing in Japan


Yes, it does. Will work on it.
by bpp
Mon Aug 24, 2015 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Filing Japanese tax returns (確定申告)
Replies: 31
Views: 3955

Re: Filing Japanese tax returns (確定申告)

Got a message from SMBC Nikko that the withholding tax treatment of certain JDRs will be changing from September. (JDRs are foreign securities that trade on the Tokyo Stock Exchange. Think ADRs on the US exchanges by way of analogy.) The JDRs in question are US-based ETFs. Until now, apparently 30% ...
by bpp
Mon Aug 24, 2015 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: British Citizen living in Japan for unknown term
Replies: 7
Views: 622

Re: British Citizen living in Japan for unknown term

While it is true that you will probably have to close any accounts if you leave Japan, the main reason that would ordinarily be bad is that it might force you to recognize capital gains at an inopportune time. On the other hand, if you are investing through a NISA, then it would be tax-free for the ...
by bpp
Sun Aug 23, 2015 8:50 am
Forum: Personal Consumer Issues
Topic: What should we do in South Korea?
Replies: 16
Views: 1829

Re: What should we do in South Korea?

If you don't know or plan to learn any Korean, at least learn the "alphabet," Hangul. It is really easy to learn (you can learn it on the plane ride over), and it will make getting around much more easy and enjoyable. And yes, even if you don't know any Korean besides the names of some foo...
by bpp
Sat Aug 22, 2015 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Expat purchasing Rental Car Insurance / Umbrella Policy (?)
Replies: 4
Views: 420

Re: Expat purchasing Rental Car Insurance / Umbrella Policy (?)

I would think that a non-US license plus IDP should be sufficient in any state. Some states will not require an IDP for licenses from certain countries (California allows Japanese licenses without IDP, for example), but with an IDP you should be fine anywhere. Be careful of credit card limitations o...
by bpp
Fri Aug 21, 2015 8:43 am
Forum: Personal Consumer Issues
Topic: Does anyone here collect currency?
Replies: 38
Views: 2804

Re: Does anyone here collect currency?

I have a small stack of $1 silver certificates. I also have a 100 Japanese Peso bill. I had more when I was a kid, but I thought it was play money and lost it. The Japanese Peso was issued during WWII, and my uncle brought some back. I feel bad that I lost several of them. Japanese peso? You mean y...
by bpp
Tue Aug 18, 2015 4:51 am
Forum: Personal Consumer Issues
Topic: What's a Bug Out Bag and who uses them?
Replies: 67
Views: 7765

Re: What's a Bug Out Bag and who uses them?

Some natural disasters involve mandatory evacuations. Sheltering in place is not always wise or even possible. [...] I would be interested in knowing whether some of the more dismissive posts in this thread come from people who have actually survived a natural disaster. Those with hands-on experien...
by bpp
Mon Aug 17, 2015 8:10 am
Forum: Personal Consumer Issues
Topic: What's a Bug Out Bag and who uses them?
Replies: 67
Views: 7765

Re: What's a Bug Out Bag and who uses them?

My house is my bug-out bag. This is the place we run to when things gets hairy, not from.
by bpp
Mon Aug 17, 2015 7:25 am
Forum: Investing - Theory, News & General
Topic: Money Mag:Why Vanguard Founder Jack Bogle Doesn’t Like Investing in Foreign Markets
Replies: 64
Views: 6746

Re: Money Mag:Why Vanguard Founder Jack Bogle Doesn’t Like Investing in Foreign Markets

...The original point was "British politics make no sense" (to Jack Bogle, and the poster, I presume) and I wanted to highlight that from some objective standard, without considering the history, neither does American. ie it's a bad justification for not investing in foreign markets, that...
by bpp
Fri Jul 31, 2015 3:01 am
Forum: Personal Consumer Issues
Topic: So you think 2-factor authentication is safe? Think again.
Replies: 14
Views: 2840

Re: So you think 2-factor authentication is safe? Think again.

dognose wrote:But the best protection of all is to use long, complicated passwords. Very few people do this, of course, and most people use their birth dates or the names of their pets.


What's wrong with that? My pet's name is Q3P5bgt86sT5qr78hvw. Haven't been hacked yet.
by bpp
Fri Jul 24, 2015 3:32 pm
Forum: Investing - Theory, News & General
Topic: Mortgage as a reverse-bond technique
Replies: 36
Views: 1698

Re: Mortgage as a reverse-bond technique

Dulocracy wrote:If the total that we put in equals $40,000, then at the end, we have $40,000 to replace of fixed income.


Maybe I am misreading, but I think instead you have $40,000 of (virtual) fixed income that does not need replacing.
by bpp
Fri Jul 24, 2015 3:12 pm
Forum: Investing - Theory, News & General
Topic: Mortgage as a reverse-bond technique
Replies: 36
Views: 1698

Re: Mortgage as a reverse-bond technique

Another way to do the accounting is to simply treat your mortgage balance as a negative bond, and then calculate a glide path from your current net bond allocation (which may even be negative) to what you want it to be when you expect the mortgage to be paid off.
by bpp
Fri Jul 24, 2015 2:57 pm
Forum: Investing - Theory, News & General
Topic: Mortgage as a reverse-bond technique
Replies: 36
Views: 1698

Re: Mortgage as a reverse-bond technique

I think the idea is makes sense, but don't understand the accounting at the end of the mortgage. I think you would want to account for the accumulated mortgage prepayments by forever after pretending you had $40,000 more in fixed income assets than you actually do.
by bpp
Fri Jul 17, 2015 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Solar panel investment - financially worth it?
Replies: 39
Views: 4888

Re: Solar panel investment - financially worth it?

Hi all, Thanks everyone for all the insight and very helpful posts. We are still sitting on the fence about this, and it is getting very close to the deadline for subsidies. The truth of the matter is that we have very cheap gas and electricity bills, so buying an oversized system now is beneficial...
by bpp
Tue Jul 14, 2015 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign Earned Income Exclusion for Married Couple
Replies: 2
Views: 258

Re: Foreign Earned Income Exclusion for Married Couple

You each get an individual exclusion, and cannot lump all income and exclusions together. If we have to account separately, then we end up above the limit ($125,000 > $99,200 for mine, and $25,000 < $99,200 for hers) and have to pay taxes on $125,000 - $99,200 = $25,800. This is how it works, though...
by bpp
Tue Jul 07, 2015 5:20 pm
Forum: Investing - Theory, News & General
Topic: Everything is rolling over except U.S. stocks
Replies: 14
Views: 1814

Re: Everything is rolling over except U.S. stocks

It is surprising to see, but the only market still in an uptrend is US stocks (I’m ignoring ethanol and cattle). This assertion is untrue. The Japanese market is also still in an uptrend. I'm too lazy to look (and apparently Meb Faber is too), but I bet there are others as well. Not that worrying w...
by bpp
Tue Jul 07, 2015 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Earned Income Exclusion
Replies: 3
Views: 302

Re: Foreign Earned Income Exclusion

The instructions for the relevant line(s) on Form 2555 say to include all foreign earned income. I also asked the IRS about this years ago (way back when they used to actually answer questions about stuff like this -- early 2000s?), and they laughed (literally) at the idea that intentionally under-e...
by bpp
Sat Jul 04, 2015 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Funds that exclude one country
Replies: 27
Views: 1373

Re: Funds that exclude one country

One possibility might to buy a global fund, then short a single-country fund for that country. Though this is probably not a good psychological equivalent to simply avoiding the country altogether. If the country is Japan, a combination of TOK (developed ex-Japan) plus an emerging markets fund would...
by bpp
Fri Jul 03, 2015 10:00 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 522
Views: 75822

Re: What are you up YTD? [Year To Date]

Gattamelata wrote:Please do not read any livesoft post without first reading every other livesoft post.


Logically, of course, the only way to satisfy this request is to never read a livesoft post.
by bpp
Fri Jul 03, 2015 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: US Taxes + Foreign (NZ) Investing / Is Kiwisaver a PFIC?
Replies: 11
Views: 1232

Re: US Taxes + Foreign (NZ) Investing / Is Kiwisaver a PFIC?

Is KiwiSaver taxable by the US? It looks like there is an exemption from the "savings clause" (the rule that says the US can ignore the treaty when it comes to taxing its citizens abroad) for: Pensions and other payments made under the social security legislation of a Contracting State to ...
by bpp
Thu Jul 02, 2015 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Solar panel investment - financially worth it?
Replies: 39
Views: 4888

Re: Solar panel investment - financially worth it?

hicabob and Grt2bOutdoors, thank you for the information. bpp, Actually we have only had our gas system for about 6 months! You may realise this, but I believe the EcoCute system is actually a form of heating the water cheaply using CO2 from the surrounding air. The program to buy power cheaply at ...
by bpp
Thu Jul 02, 2015 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Solar panel investment - financially worth it?
Replies: 39
Views: 4888

Re: Solar panel investment - financially worth it?

Ah, you're converting to EcoCute? Then, have you had your gas system for at least 10 years? If not, you are cutting yourself short. To be honest, EcoCute only made sense to me in a nuclear-power-dominated grid. (For those outside Japan who aren't familiar, it is a program wherein you buy power cheap...
by bpp
Thu Jul 02, 2015 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Solar panel investment - financially worth it?
Replies: 39
Views: 4888

Re: Solar panel investment - financially worth it?

twoyen, Out of curiosity, which company are you talking to? I'm in a somewhat similar situation, have looked at similar offers, and have decided they are not worth it. But I'm all ears if there is something out there I don't know about. (Anything to deny TouDen my two yen would be worth it to me.) A...
by bpp
Thu Jul 02, 2015 4:32 am
Forum: Personal Consumer Issues
Topic: Annoying problem with Lollipop (new Android 5.1 OS)
Replies: 52
Views: 5857

Re: Annoying problem with Lollipop (new Android 5.1 OS)

Thanks, that works: 4.2.2 Dumb question part deux: How do I trigger an upgrade to Lollipop? I seem to have automatic updates set, but is something more active needed to upgrade to a new major version number? It should automatically happen, but updates are not made available at the same time across ...
by bpp
Mon Jun 29, 2015 8:20 am
Forum: Personal Consumer Issues
Topic: Annoying problem with Lollipop (new Android 5.1 OS)
Replies: 52
Views: 5857

Re: Annoying problem with Lollipop (new Android 5.1 OS)

Dumb question. How does one find out what version of Android one is running? I noticed my icons changed last week. Does that mean it upgraded? Go to Settings->About Phone->Android Version. Thanks, that works: 4.2.2 Dumb question part deux: How do I trigger an upgrade to Lollipop? I seem to have aut...
by bpp
Sun Jun 28, 2015 11:19 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on Fixed-Maturity Bond Funds?
Replies: 29
Views: 2969

Re: Thoughts on Fixed-Maturity Bond Funds?

On the very specific issue of Japanese taxation, I hadn't thought of it but that's definitely worth consideration! Even though the underlying fund assets might be bonds purchased and held to maturity, I imagine that the tax agency wouldn't allow us to treat fund shares in the same way as a basket o...
by bpp
Fri Jun 26, 2015 9:09 am
Forum: Personal Consumer Issues
Topic: Annoying problem with Lollipop (new Android 5.1 OS)
Replies: 52
Views: 5857

Re: Annoying problem with Lollipop (new Android 5.1 OS)

Dumb question. How does one find out what version of Android one is running? I noticed my icons changed last week. Does that mean it upgraded?
by bpp
Fri Jun 26, 2015 3:19 am
Forum: Investing - Theory, News & General
Topic: Thoughts on Fixed-Maturity Bond Funds?
Replies: 29
Views: 2969

Re: Thoughts on Fixed-Maturity Bond Funds?

With the usual uncertainty over interest rates and difficulty comprehending what traditional open-ended bond funds will do if rates rise, I've been looking at bond funds with fixed maturity, such as the rather unfortunately named iBonds funds from iShares. These funds hold bonds that will mature on...
by bpp
Thu Jun 25, 2015 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Homemaker denied credit card despite high household income
Replies: 40
Views: 5013

Re: Homemaker denied credit card despite high household income

Just out of curiosity, but why does she want a JCB card in particular, and not, say, Visa or AmEx?
Last time I was in the market for a new card (but maybe things have changed since?), I got the impression that JCB is almost useless outside of Japan, and no better than Visa even inside Japan.
by bpp
Thu Jun 25, 2015 10:32 pm
Forum: Investing - Theory, News & General
Topic: Did 2008 change your investing strategy?
Replies: 58
Views: 5538

Re: Did 2008 change your investing strategy?

ajacobs6 wrote:QUESTION: Have you all changed your asset allocation since experiencing this crash?


No.
by bpp
Wed Jun 24, 2015 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Reducing BND before rate increases
Replies: 34
Views: 3453

Re: Reducing BND before rate increases

David Jay wrote:Do you really believe that zero percent interest rates can continue indefinitely?

"Things that can't continue indefinitely, won't"


I live in Japan. I have learned that while rates may seemingly have nowhere to go but up, that tells one exactly nothing about the timing of any rise.
by bpp
Wed Jun 24, 2015 7:29 am
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 220
Views: 25571

Re: What was the 2008 crash like in real time?

There seems to be a paucity of people who rebalanced into equities to get back to their stated asset allocation during this time. Recalling the chart I posted earlier in this thread, equities were down 20% in 2008 before the drop in October and they were down more than that in October and again fro...
by bpp
Tue Jun 23, 2015 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Domestic accounts open to expats (June 2015)
Replies: 3
Views: 495

Re: Domestic accounts open to expats (June 2015)

I think it partly depends on where you live. Schwab Global has reportedly stopped opening accounts for residents of Japan.
I think Interactive Brokers has been mooted as a possibility, but not sure I've seen any actual reports of success.
by bpp
Sun Jun 21, 2015 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Japan. The rotten apple that spoils the whole index?
Replies: 13
Views: 2717

Re: Japan. The rotten apple that spoils the whole index?

I guess the high allocation to Japan has to do with it's market cap. Yes. You'd pick a different weighting if you think you know something the rest of the market doesn't. Do you? A world fund without Japan doesn't exist Yes it does: TOK, which tracks the MSCI Kokusai index (developed world ex-Japan...
by bpp
Sun Jun 21, 2015 6:59 pm
Forum: Investing - Theory, News & General
Topic: The Other Side (proposed series)
Replies: 35
Views: 4655

Re: The Other Side (proposed series)

Wow, I should have loaded up on gold 15 years ago. Oh well, note-to-self to toss into the time machine.
by bpp
Sun Jun 21, 2015 5:06 pm
Forum: Investing - Theory, News & General
Topic: The Other Side (proposed series)
Replies: 35
Views: 4655

Re: The Other Side (proposed series)

I was looking at other possible asset classes available to Japanese investors during that time and for which I have data. The only one I could find is gold. What would be an appropriate "expense ratio" to use for some gold coins? I know Japan has a lower homicide rate than the United Stat...
by bpp
Sun Jun 21, 2015 4:57 pm
Forum: Investing - Theory, News & General
Topic: The Other Side (proposed series)
Replies: 35
Views: 4655

Re: The Other Side (proposed series)

There's an MSCI ACWI ex-Japan ETF (code 1554 on the Tokyo Stock Exchange) that seems to have started trading in March of 2011. That seems to be the oldest ETF or fund that tracks that index. There is another fund tracking the same index that started about a year later, and almost all of the other f...
by bpp
Sun Jun 21, 2015 7:04 am
Forum: Investing - Theory, News & General
Topic: The Other Side (proposed series)
Replies: 35
Views: 4655

Re: The Other Side (proposed series)

There's an MSCI ACWI ex-Japan ETF (code 1554 on the Tokyo Stock Exchange) that seems to have started trading in March of 2011. That seems to be the oldest ETF or fund that tracks that index. There is another fund tracking the same index that started about a year later, and almost all of the other fo...
by bpp
Sat Jun 20, 2015 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Investing with Vanguard, not in US?
Replies: 11
Views: 1425

Re: Investing with Vanguard, not in US?

In your Berlin Wall metaphor, is the US represented by West Germany, or by the old East Germany? Well, the Berlin Wall was designed primarily to prevent people from leaving East Germany, with the side-effect of discouraging people from entering, so I suppose the US would be East Germany here. Thoug...
by bpp
Sat Jun 20, 2015 8:19 pm
Forum: Investing - Theory, News & General
Topic: The Other Side (proposed series)
Replies: 35
Views: 4655

Re: The Other Side (proposed series)

I look forward to seeing your results. (I assume you have seen this thread? http://www.bogleheads.org/forum/viewtopic.php?f=10&t=23036&start=100#p2379273 ) Of course, I wouldn't title the thread series "The Other Side." Perhaps "Over On This Side"? ;) As far as expense ra...
by bpp
Fri Jun 19, 2015 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Investing with Vanguard, not in US?
Replies: 11
Views: 1425

Re: Investing with Vanguard, not in US?

I basically said that US persons should only invest in US-domiciled funds & ETFs (because of PFIC paperwork & tax treatment). And I said that NON-US persons should only invest in NON-US based accounts, and only invest in NON-US-domiciled funds & ETFs (because of the NRA estate tax issue...
by bpp
Sun Jun 14, 2015 6:14 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Can I obtain global exposure through U.S. multinationals?"
Replies: 22
Views: 3091

Re: Vanguard: "Can I obtain global exposure through U.S. multinationals?"

Seems to me this notion that multinational companies headquartered in one's home country can substitute for international diversification has been debunked at least once a month for the past 15 years (that I have been paying attention). It gets discussed a lot but I am not aware that it has been pr...
by bpp
Sun Jun 14, 2015 8:22 am
Forum: Investing - Theory, News & General
Topic: Vanguard: "Can I obtain global exposure through U.S. multinationals?"
Replies: 22
Views: 3091

Re: Vanguard: "Can I obtain global exposure through U.S. multinationals?"

Seems to me this notion that multinational companies headquartered in one's home country can substitute for international diversification has been debunked at least once a month for the past 15 years (that I have been paying attention). One might hope that this latest report from Vanguard will final...
by bpp
Sun Jun 14, 2015 8:16 am
Forum: Personal Consumer Issues
Topic: How to introduce legos to my almost 5 year old boy?
Replies: 15
Views: 1239

Re: How to introduce legos to my almost 5 year old boy?

Just give him a bag of Legos. No theme. That is how most of us learned to love them at that age.
by bpp
Sat Jun 13, 2015 1:48 am
Forum: Investing - Help with Personal Investments
Topic: Indexing don't work outside of USA? [India]
Replies: 7
Views: 1375

Re: Indexing don't work outside of USA? [India]

Are you a US taxpayer? If so, be aware that Indian mutual funds (whether managed or indexed) will be considered PFICs, with unpleasant consequences.

Might also want to have a look here: Taxation as a US person living abroad.
by bpp
Sun Jun 07, 2015 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Living Overseas, Currency Risk, and International Funds
Replies: 14
Views: 1204

Re: Living Overseas, Currency Risk, and International Funds

Hi BPP, thank you for the reply. Would you mind letting me know your portfolio? The 50/50 split between dollar and yen investments sounds like something I may have to do, but I have no idea where to start for investing in Japan. I will not be buying a house anytime soon. I am also ok to invest mone...
by bpp
Sun Jun 07, 2015 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Living Overseas, Currency Risk, and International Funds
Replies: 14
Views: 1204

Re: Living Overseas, Currency Risk, and International Funds

I live in Japan, and keep half my assets in yen, both stocks and bonds. That is, my stocks are 50/50 JP/non-JP, and my bonds are also 50/50 JP/non-JP (unhedged). Being 50/50 helps me feel neutral towards either strengthening or weakening of the yen -- to first order I'll come out the same either way...

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