Search found 748 matches

by cb474
Thu Jul 16, 2015 8:55 pm
Forum: Investing - Theory, News & General
Topic: Are any US-only investors having 2nd thoughts?
Replies: 55
Views: 6844

Re: Are any US-only investors having 2nd thoughts?

Your post does not sound arrogant or disrespectful, so no worries, no apology necessary. That said, although the discussion of the British Empire, the U.S., geography, and wealth is interesting, I find it to be highly speculative and not relevant, when it comes to predicting future equity market ret...
by cb474
Thu Jul 16, 2015 1:50 am
Forum: Investing - Theory, News & General
Topic: Are any US-only investors having 2nd thoughts?
Replies: 55
Views: 6844

Re: Are any US-only investors having 2nd thoughts?

But comparing a continent spanning global super power to an island nation that is a regional power is apples to oranges. ETA: The above is not meant in any kind of political context, but instead a fundamental analysis of the host countries of various stock markets. Not unlike one might look at the ...
by cb474
Wed Jul 15, 2015 6:25 pm
Forum: Investing - Theory, News & General
Topic: Are any US-only investors having 2nd thoughts?
Replies: 55
Views: 6844

Re: Are any US-only investors having 2nd thoughts?

As a US-centric investor....I am reading about currency risk. The answer to the OP question seems to come down to 'whither the dollar?' On the other hand, Larry Swedroe says that currency risk is another mode of diversification, that changes in the value of one's currency both help and hurt you so ...
by cb474
Mon Jun 29, 2015 2:39 am
Forum: Investing - Theory, News & General
Topic: dow futures down 200+ points
Replies: 84
Views: 9741

Re: dow futures down 200+ points

down 1.1%? yawn. double yawn. Good night. In principle I agree. But every month I make a contribution to my investments and this month it happened to be in an international fund. I did that at the beginning of last week. If the market was going to go down 4 or 5%, which is more what it's like inter...
by cb474
Fri Jun 05, 2015 5:25 pm
Forum: Investing - Theory, News & General
Topic: Ultimate Buy and Hold - 8 slices vs 4
Replies: 647
Views: 245152

Re: Ultimate Buy and Hold - 8 slices vs 4

This is truly an epic thread. Thanks to all who've contributed and I won't even pretend that I fully understand some of the subtleties involved. My question is this (and I hope it's the appropriate place for it): given all of the recent changes in the composition of Vanguard's international funds w...
by cb474
Thu Jan 29, 2015 4:23 am
Forum: Investing - Theory, News & General
Topic: Are any US-only investors having 2nd thoughts?
Replies: 55
Views: 6844

Re: Are any US-only investors having 2nd thoughts?

checked portfoliovisualizer for sanity check and different calculation, total US vs. EAFE, and get annual correlation of 0.91 since 2001 (earliest point it gives), monthly of 0.88. post Y2K results biased by the bear markets, but still. Or what did I miss? Serious question. Yes, I think what you're...
by cb474
Wed Jan 28, 2015 9:21 pm
Forum: Investing - Theory, News & General
Topic: Are any US-only investors having 2nd thoughts?
Replies: 55
Views: 6844

Re: Are any US-only investors having 2nd thoughts?

This is not the only reason. In John Bogle's book Common Sense on Mutual funds he goes into detail on Currency Risk and Sovereign risk. If you have not read that section in Jack's book, read The Global Portfolio Extreme, Currency Risk and Returns, The Global Efficient Frontier and International Eco...
by cb474
Wed Jan 28, 2015 1:41 am
Forum: Investing - Theory, News & General
Topic: Are any US-only investors having 2nd thoughts?
Replies: 55
Views: 6844

Re: Short-term volatility vs. long-term return?

With all due respect to Bogle, the idea that multinational U.S. companies provide international diversification has been pretty well debunked by Larry Swedroe. But given how often this idea rears its head in this forum, I suspect it's a truism that may never die. "Debunked" or not, invest...
by cb474
Tue Jan 27, 2015 10:27 pm
Forum: Investing - Theory, News & General
Topic: Asness - The Small-Firm Effect Is Real, and It’s Spectacular
Replies: 62
Views: 7803

Re: Asness - The Small-Firm Effect Is Real, and It’s Spectac

. Since the inception of the Bridgeway fund BRSIX 7/31/1997 - 12/31/2014 - annualized return 11.8% = CRSP10 (Benchmark for BRSIX) 11.5% = Brirdgeway Ultra-small Co. Mkt (BRSIX) 10.0% = DFA US Microcap (DFSCX) 8.6% = Vanguard Small Cap Index (NAESX) 6.4% = Vanguard 500 (VFINX) http://quotes.mornings...
by cb474
Tue Jan 27, 2015 10:11 pm
Forum: Investing - Theory, News & General
Topic: Are any US-only investors having 2nd thoughts?
Replies: 55
Views: 6844

Re: Are any US-only investors having 2nd thoughts?

I have 25% international per my IP. I agree that international looks good now, but for different reasons than you, OP. Valuation-wise, it's BEEN a good value relative to the US in my opinion over the last year or so. I think relative performance over less than 1 month is basically irrelevant. I'm s...
by cb474
Tue Jan 27, 2015 9:36 pm
Forum: Investing - Theory, News & General
Topic: Are any US-only investors having 2nd thoughts?
Replies: 55
Views: 6844

Re: Are any US-only investors having 2nd thoughts?

John Bogle still feels a U.S. investor gets plenty of international diversification by holding the S&P or the Total Market Index. With all due respect to Bogle, the idea that multinational U.S. companies provide international diversification has been pretty well debunked by Larry Swedroe. But g...
by cb474
Wed Dec 31, 2014 4:38 am
Forum: Investing - Theory, News & General
Topic: Bonds go in taxable (whitecoatinvestor aka EmergDoc article)
Replies: 154
Views: 17271

Re: Bonds go in taxable (whitecoatinvestor aka EmergDoc arti

Let's take a step back here. The essential point being made is that where one places stock changes reward and also risk, just as asset allocation changes risk and reward. Then it's true that shortfall risk is relevant, just as it is relevant to asset allocation. If you've got bonds in Roth then if ...
by cb474
Tue Dec 30, 2014 8:33 pm
Forum: Investing - Theory, News & General
Topic: Bonds go in taxable (whitecoatinvestor aka EmergDoc article)
Replies: 154
Views: 17271

Re: Bonds go in taxable (whitecoatinvestor aka EmergDoc arti

I'm not sure I buy that there is more risk by putting stocks in Roth. What risk, exactly, do you think there is more of? I would submit that for many people under assumptions reasonable in current conditions that there is higher shortfall risk by putting stocks in taxable (because your portfolio gr...
by cb474
Sun Dec 21, 2014 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Regulatory guidance - occupation information requirement
Replies: 29
Views: 3903

Re: Regulatory guidance - occupation information requirement

Agree here and with others that the bank is protecting itself so it does make sense - to the bank. The problem is that as it's written, it makes little or no sense to their customers. For the bank, it's a win-win, possibly even if they don't get the customer info sought, since the more important mo...
by cb474
Sat Dec 20, 2014 4:23 am
Forum: Personal Finance (Not Investing)
Topic: Regulatory guidance - occupation information requirement
Replies: 29
Views: 3903

Re: Regulatory guidance - occupation information requirement

This thread is specifically about the bank requesting generic occupation information. Think about it for a moment. Do you have your paychecks cashed or deposited there? Have you ever cashed or deposited a reimbursement check from your employer there? If so, they could very easily just employ data m...
by cb474
Wed Dec 17, 2014 4:12 am
Forum: Personal Finance (Not Investing)
Topic: Regulatory guidance - occupation information requirement
Replies: 29
Views: 3903

Re: Regulatory guidance - occupation information requirement

As dm200 said, this is part of stricter "Know Your Customer" requirements that are coming into place for financial institutions. You will find information by searching on that term, both here and on the Internet in general. Here's a quick list of some of the relevant past threads from her...
by cb474
Wed Dec 17, 2014 4:03 am
Forum: Personal Finance (Not Investing)
Topic: Regulatory guidance - occupation information requirement
Replies: 29
Views: 3903

Re: Regulatory guidance - occupation information requirement

I agree with those who question this, especially the money-laundering reference. My question is what exactly is the occupation information requested? Also suggest you contact someone at USAA to verify they sent it and why and whether it is required or simply being requested, the latter meaning you ...
by cb474
Tue Dec 16, 2014 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Regulatory guidance - occupation information requirement
Replies: 29
Views: 3903

Re: Regulatory guidance - occupation information requirement

I get the logic of why this information might be helpful to some agenices. But it still seems intrusive to me. I'm tired of having to give more and more information about myself to every business and government agency that feels like they want it. Just because the information might be useful, doesn'...
by cb474
Tue Dec 16, 2014 1:55 am
Forum: Personal Finance (Not Investing)
Topic: Regulatory guidance - occupation information requirement
Replies: 29
Views: 3903

Re: Regulatory guidance - occupation information requirement

Is this a requirement or just a "request" as the statement says? Who is the regulator in question anyway? it's such a vague official sounding statement, with no clear details or links to what it's about. And what's the point of it anyway? Is it really about money laundering? How does it he...
by cb474
Sat Dec 13, 2014 5:13 am
Forum: Investing - Theory, News & General
Topic: Don't Peek [at Your Portfolio Balance]
Replies: 33
Views: 4043

Re: Don't Peek

There are surely tens of thousands if not hundreds of thousands of Vanguard customers (my parents and wife included) who have NEVER looked at their accounts online. They simply look at the quarterly statements sent to them by Vanguard and then file them away. Surely that doesn't violate Vanguard's ...
by cb474
Fri Dec 12, 2014 9:04 pm
Forum: Investing - Theory, News & General
Topic: Don't Peek [at Your Portfolio Balance]
Replies: 33
Views: 4043

Re: Don't Peek [at Your Portfolio Balance]

My goal is to update my spreadsheet quarterly and no more. I also save quarterly statements. But it seems this 'hands off' approach is at odds with the need to monitor accounts closely for fraud, etc. Yeah, for the impulsive, unfortunately, I think it's a real risk not to monitor your account at le...
by cb474
Fri Dec 12, 2014 8:20 pm
Forum: Investing - Theory, News & General
Topic: Don't Peek [at Your Portfolio Balance]
Replies: 33
Views: 4043

Re: Don't Peek

I think the don't peek advice is good advice for people who have trouble controlling impulses that might interfere with their investments plans. And it might save you from some sleepless nights and unnessary stress as well. But, keep in mind that part of Vanguard's terms of service, for reimbursing ...
by cb474
Fri Dec 12, 2014 8:03 pm
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4801

Re: New HTTPS security bug, Vanguard servers vulnerable

I think all of your other advice is great, except the statement that a VPN will encrypt all data could be misleading. My organization uses split tunneling so only traffic to the servers in the organization is encrypted through the VPN. After reading the OP, it could make me believe that I was fine ...
by cb474
Fri Dec 12, 2014 5:18 am
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4801

Re: New HTTPS security bug, Vanguard servers vulnerable

FYI, all servers at investor.vanguard.com and vanguard.com appear to be updated for the bug now.
by cb474
Fri Dec 12, 2014 4:46 am
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4801

Re: New HTTPS security bug, Vanguard servers vulnerable

Since the IT people who set this stuff up often do a mediocre job with security, it is also possible to remotely exploit bugs in router firmware and take them over to remotely deploy man in the middle attacks I also think that the routers in the backbone of our ISPs and the internet in general are ...
by cb474
Thu Dec 11, 2014 11:21 pm
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4801

Re: New HTTPS security bug, Vanguard servers vulnerable

It is far more difficult and requires far more knowledge to hack into the core routers and the IP subnet. There are safeguards in place to prevent routing hijacking and that part of the infrastructure gets a little more attention than your average network. Yes, it would be a remote attack and it wo...
by cb474
Thu Dec 11, 2014 10:43 pm
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4801

Re: New HTTPS security bug, Vanguard servers vulnerable

As far as I understand, the only way you can be subject to this attack is through a man in the middle attack, when you're connected to to a wifi hotspot or unsecured router. So never access your Vanguard account from a cafe or hotel or any public wifi (unless you're using a VPN) . Even if you use a...
by cb474
Thu Dec 11, 2014 9:58 pm
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4801

Re: New HTTPS security bug, Vanguard servers vulnerable

Not sure what your point is. My point was that this thread is overflowing with wifi security talk, when it's much more likely the bad guys would execute such an attack at an ISP or Internet core routing point. I highly doubt a Russian cyber crime perpetrator is going to fly to your house, sit in yo...
by cb474
Wed Dec 10, 2014 3:30 am
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4801

Re: New HTTPS security bug, Vanguard servers vulnerable

Just an FYI, WEP does have encryption, it's just such poor a encryption scheme that it can be trivially broken by observing the encrypted traffic. After observing enough traffic, one can recover the key. Once the attacker has the key, everything can be decrypted. So it's the equivalent of an unencr...
by cb474
Tue Dec 09, 2014 4:46 am
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4801

Re: New HTTPS security bug, Vanguard servers vulnerable

OK I got it. I had assumed clicking on the address link would take me to the site but it goes to the report! The guide wasn't clear ... https://www.ssllabs.com/downloads/SSL_Server_Rating_Guide.pdf Ah, yes, you have to click on the address link. I understand many of the technical things in the Qual...
by cb474
Tue Dec 09, 2014 4:25 am
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4801

Re: New HTTPS security bug, Vanguard servers vulnerable

Schwab was reported as a "B" - not that I really know what that means... You can read the whole long report the site produces and see what it means. Then look up things you don't understand. As far as this bug goes, you need to scroll down to near the bottom of the report and look for a l...
by cb474
Tue Dec 09, 2014 2:38 am
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4801

New HTTPS security bug, Vanguard servers vulnerable[Patched]

There's a new version of the Poodle security bug that effects encrypted web browser connections to Vanguard's servers: http://arstechnica.com/security/2014/12/meaner-poodle-bug-that-bypasses-tls-crypto-bites-10-percent-of-websites/. I tested Vanguard's servers using Qualys SSL Labs and Vanguard got ...
by cb474
Sat Nov 15, 2014 6:24 am
Forum: Investing - Help with Personal Investments
Topic: ? "re-registrations of shares within the same fund"
Replies: 4
Views: 549

Re: ? "re-registrations of shares within the same fund"

Conversion of shares is covered in a different part of the frequent trading policy, so I don't think it has anything to do with the part I'm asking about. I'm just curious what "re-registration of shares within the same fund" means, if anyone knows. I guess it sounds like what kaneohe desc...
by cb474
Fri Nov 14, 2014 5:08 am
Forum: Investing - Help with Personal Investments
Topic: ? "re-registrations of shares within the same fund"
Replies: 4
Views: 549

? "re-registrations of shares within the same fund"

In Vanguard's frequent trading policy, one of the exceptions to the rule about trading back into a fund, before the 60 day limit, is for: "Transfers and re-registrations of shares within the same fund." (https://personal.vanguard.com/us/whatweoffer/overview/exchangepolicy) What does this m...
by cb474
Mon Sep 22, 2014 12:37 am
Forum: Investing - Theory, News & General
Topic: A look at the large value premium
Replies: 16
Views: 2315

Re: A look at the large value premium

Where does good old EFV fall, with respect to multi-metric concerns? On the MSCI website there's a pdf that says the index evaluates equities according to, "three variables: book value to price, 12-month forward earnings to price and dividend yield." How does that measure up to some of the...
by cb474
Fri Aug 08, 2014 3:51 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1397
Views: 277042

Re: U.S. stocks in freefall

I don't like knowing my portfolio has gone down in value the past week(s). However, there is some comfort that the market seems to be returning to some semblance of 'normality' by actually responding to actual conditions and events, rather than blindly climbing upward regardless. Hope I feel his wa...
by cb474
Mon May 05, 2014 10:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7649

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

You may be right that silent edits are standard practice on corporate websites. I don't know. But I really don't see anything wrong with making the edits more transparent for the sake of clarity. And I don't think it would be any more work. In the end, to me, just because everyone does something co...
by cb474
Mon May 05, 2014 3:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7649

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

^Yes, they can post whatever nonsense they want. Who said they can't? I'm not suggesting that edits be called out. I'm suggesting a timestamp on every article they post; no need to spell out any corrections. Easy to automate. I'm also sure that Vanguard will never do this--I think at least we agree...
by cb474
Sun May 04, 2014 10:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7649

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

Something like this happening once is understandable. Twice in such a similar way really reinforces the sense, for me, that at least as far as the website goes, at Vanguard the right hand doesn't know what the left hand is doing. I'm pretty unimpressed. My bank is way better at this kind of thing. ...
by cb474
Sun May 04, 2014 10:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7649

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

Updated 5/1 to correct the effective date of the expense ratio changes for the Extended Market Index Fund (all share classes, including the ETF) to 4/28, as well as to correct that the expense ratios of the Small-Cap Value Index Fund (all share classes, including the ETF) did not increase. For Smal...
by cb474
Sun May 04, 2014 2:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7649

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

[OT comments removed by admin LadyGeek] 1) I was just curious what was going on with the expense ratio. [Response to OT comments removed by admin LadyGeek] 4) I think it matters that lately Vanguard can't seem to post accurate information on their website and has to keep revising it (while not ackn...
by cb474
Fri May 02, 2014 11:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7649

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

That's interesting because Vanguard states as of April 30, 2014 states that the increase is because of BDCs. It would be nice if someone from Vanguard explained the increase. https://advisors.vanguard.com/VGApp/iip/site/advisor/research/article/ArticleTemplate.xhtml?iigbundle=IWE_NewsExpenseRatio04...
by cb474
Fri May 02, 2014 4:12 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7649

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

That's interesting because Vanguard states as of April 30, 2014 states that the increase is because of BDCs. It would be nice if someone from Vanguard explained the increase. https://advisors.vanguard.com/VGApp/iip/site/advisor/research/article/ArticleTemplate.xhtml?iigbundle=IWE_NewsExpenseRatio04...
by cb474
Tue Apr 29, 2014 3:35 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7649

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

The ER went down to .09% for every Vanguard style fund, except Vanguard value, which went up to .12%. I can't believe that CSRP charges more for their small value index than for their small growth index. I wonder if there is an error in Vanguard's system somewhere? Especially since no one has found...
by cb474
Tue Apr 29, 2014 12:55 am
Forum: Investing - Theory, News & General
Topic: POLL: the WORST financial advice you've given/received?
Replies: 61
Views: 15606

Re: POLL: the WORST financial advice you've given/received?

But the main problem is that they are asking lots of people for advice, and then following a little of all of the advice (they can't tell the difference between good and bad advice). As a result, their financial strategy is incoherent... the proverbial "too many cooks in the kitchen" (and...
by cb474
Tue Apr 29, 2014 12:42 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7649

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

Thanks for all the responses. As others note, my attention was drawn to the change in ER on the balance and holdings page of the website, where a little note popped up indicating that the ER on VSIAX/VBR had changed (gone up), as well as on VTSAX (went down). * My colleague Kevin Grogan (and co auth...
by cb474
Mon Apr 28, 2014 3:58 am
Forum: Investing - Theory, News & General
Topic: POLL: the WORST financial advice you've given/received?
Replies: 61
Views: 15606

Re: POLL: the WORST financial advice you've given/received?

I don't think I've ever given someone financial advice that I subsequently felt was bad advice. But I do feel like it's almost always a bad idea to give people financial advice. I've found people just don't want it. It provokes a lot of anxieties and usually I get proverbially punched in the face fo...
by cb474
Mon Apr 28, 2014 3:50 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7649

Vanguard's Small Cap Value Fund Expense Ratio Goes Up

I just saw that the expense ratio on VBR/VSIAX, Vanguard's small cap value fund, has gone up from .10% to .12%. (Not sure what, if any, change there was for the investor shares.) That surprised me. I haven't seen the ER on a Vanguard fund go up before. It's not much of a difference, but still not th...
by cb474
Thu Apr 17, 2014 2:52 am
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 30586

Re: heartbleed - widespread internet security problem

If anyone tried to draw money from a mutual fund account, you'd get a confirmation of them linking a bank account to your mutual fund account before they could transfer the funds. At least I think it works that way at Vanguard. And you get a confirmation at your old address if someone tries to chan...

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