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Re: 401k rollover screw up, what to do

It's always good to read up on your legal rights: http://www.dol.gov/ebsa/publications/wyskapr.html For example, if an employer did not forward participants’ 401(k) contributions to the plan, they would have to pay back the contributions to the plan as well as any lost earnings, and return any profi...
by dodonnell
Fri Jul 25, 2014 4:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k rollover screw up, what to do
Replies: 10
Views: 643

Re: Cambria Global Value - Value Tilt

The composition reported in the last semiannual report doesn't look too much like the reference portfolio to me. ..snip.. Vanguard Mid-Cap ETF 1,799 197,926 WisdomTree Emerging Markets Equity Income Fund 1,739 88,741 WisdomTree International SmallCap Dividend Fund(a) 7,854 494,252 Total Equity Fund...
by dodonnell
Mon Apr 14, 2014 11:33 am
 
Forum: Investing - Theory, News & General
Topic: Cambria Global Value - Value Tilt
Replies: 36
Views: 3391

GTAA performance

Mebane Faber updated his paper in 2013: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=962461 to include 2012 performance. The 5 asset class portfolio used to construct the benchmark for GTAA he calls the "Buy & Hold" (B&H) portfolio and would likely be considered un convention...
by dodonnell
Sat Apr 12, 2014 5:10 pm
 
Forum: Investing - Theory, News & General
Topic: Cambria Global Value - Value Tilt
Replies: 36
Views: 3391

Re: Yahoo changes are awful - what homepage do you like?

so much for using ca.my.yahoo.com or au.my.yahoo.com ... they must have detected my USA ip address and are giving me notice on both sites that i will redirected to my.yahoo.com after March 24th. :( http://i62.tinypic.com/2cnwqqb.png http://i58.tinypic.com/4h4844.png
by dodonnell
Fri Mar 21, 2014 2:29 pm
 
Forum: Personal Consumer Issues
Topic: Yahoo changes are awful - what homepage do you like?
Replies: 66
Views: 5562

Re: Yahoo forcing switch off ca.my.yahoo.com

I switched from my.yahoo.com to ca.my.yahoo.com 2 months ago due to "portfolios" (i track several portfolios). ca.my.yahoo.com just informed me the are forcing me to my.yahoo.com on March 24th. I am now on the hunt for a long term solution for a new home page. ... after 18 years :( I'm al...
by dodonnell
Mon Mar 17, 2014 3:42 pm
 
Forum: Personal Consumer Issues
Topic: Yahoo changes are awful - what homepage do you like?
Replies: 66
Views: 5562

Yahoo forcing switch off ca.my.yahoo.com

I switched from my.yahoo.com to ca.my.yahoo.com 2 months ago due to "portfolios" (i track several portfolios).

ca.my.yahoo.com just informed me the are forcing me to my.yahoo.com on March 24th.

I am now on the hunt for a long term solution for a new home page.
... after 18 years :(
by dodonnell
Thu Mar 06, 2014 12:48 pm
 
Forum: Personal Consumer Issues
Topic: Yahoo changes are awful - what homepage do you like?
Replies: 66
Views: 5562

Re: CFP BoD Chair, Ethics Commission Members Resign Amid All

CFP Board Chair, Ethics Commission Members Resign Amid Allegations - Nov 2012 It's been over a year ... and CFP has disclosed little to the public about this, except that Goldfarb's characterization of his violations are not correct. I believe they have yet to disclose the names of the other member...
by dodonnell
Thu Jan 02, 2014 11:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Becoming a CFP . . .
Replies: 28
Views: 2228

CFP BoD Chair, Ethics Commission Members Resign Amid Allegat

CFP Board Chair, Ethics Commission Members Resign Amid Allegations - Nov 2012 It's been over a year ... and CFP has disclosed little to the public about this, except that Goldfarb's characterization of his violations are not correct. I believe they have yet to disclose the names of the other member...
by dodonnell
Wed Jan 01, 2014 8:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Becoming a CFP . . .
Replies: 28
Views: 2228

Re: Just returned new laptop with Window 8.1

So what can you do with Windows 8, that you can't do with Windows 7, or for that matter Windows XP ? We have a "business rule" at my company that requires a significant increase in capability to justify the cost and risk of a software upgrade. ... it's amazing how few upgrades can be justi...
by dodonnell
Fri Dec 27, 2013 6:45 pm
 
Forum: Personal Consumer Issues
Topic: Just returned new laptop with Window 8.1
Replies: 104
Views: 8614

Re: For munis, bond fund or ladder

Make sure you can calculate YTW, not YTM, as the most frequent error i see is neophytes buying premium bonds with a high YTM, but a short/low, zero, or negative YTW. MSRB does not calculate YTW for you ... you need to look up the Call, or use a site like Fidelity, etc. to calculate it for you. Most ...
by dodonnell
Fri Dec 13, 2013 10:49 pm
 
Forum: Investing - Theory, News & General
Topic: For munis, bond fund or ladder
Replies: 116
Views: 10495

Re: For munis, bond fund or ladder

Met with Vanguard's Muni Bond Management team at the Bogleheads reception this past October.

They manage roughly $280,000,000,000 in municipal bonds.

They get roughly half their bonds in the secondary market.

... and it sounded like they have one hell of a pretty good radar screen

good luck.
by dodonnell
Thu Dec 12, 2013 6:19 pm
 
Forum: Investing - Theory, News & General
Topic: For munis, bond fund or ladder
Replies: 116
Views: 10495

Re: For munis, bond fund or ladder

3easypayments beat me to it ! (nice post 3easy) Markups can be estimated ex post by examining the trades of the CUSIP municipal bond under consideration. For example: http://emma.msrb.org/SecurityView/SecurityDetailsTrades.aspx?cusip=59333AGK1 <--replace 59333AGK1 with your CUSIP in URL) Match &quo...
by dodonnell
Thu Dec 12, 2013 5:19 pm
 
Forum: Investing - Theory, News & General
Topic: For munis, bond fund or ladder
Replies: 116
Views: 10495

Re: For munis, bond fund or ladder

bondsr4me: ...snip... I did some diligence in comparing FIDO, Vanguard, Schwab and Wells Fargo Advisor's bond markups and selection before selecting Schwab. I compared the selection and markup for muni bonds by sampling the same maturities, quality and states among these four brokerage houses for t...
by dodonnell
Thu Dec 12, 2013 3:34 pm
 
Forum: Investing - Theory, News & General
Topic: For munis, bond fund or ladder
Replies: 116
Views: 10495

Re: For munis, bond fund or ladder

Here is some interesting reading on a broker 's view of his markups, FINRA's view of his markups, and a firm's policy on markups. ... apparently, a 3% markup is fine, but a 19.12% markup is excessive. http://www.finra.org/web/groups/industry/documents/ohodecisions/p307477.pdf ... of course, accordin...
by dodonnell
Thu Dec 12, 2013 11:18 am
 
Forum: Investing - Theory, News & General
Topic: For munis, bond fund or ladder
Replies: 116
Views: 10495

Re: Water Purification

Get your water tested first. Are you on a well, or on city water? There are various different types of filters and water treatment methods. The Brita is a compromise filter, with long-term filter replacement costs that may not be acceptable to you. We use a basic 4-stage undersink unit with a 5-mic...
by dodonnell
Sat Nov 23, 2013 7:03 pm
 
Forum: Personal Consumer Issues
Topic: Water Purification
Replies: 12
Views: 657

Re: It's not different for me. Is it for you?

Who was the Boglehead who "backed up the truck" and went to 100% equities in late 2008? I sort of recall it was Adrian Nemu but could easily be wrong and he is gone from here. The searches don't go back beyond 2011 threads now. I wonder if he is still at 100%. JW Adrian Ne n u, bogleheads...
by dodonnell
Fri Nov 08, 2013 7:33 pm
 
Forum: Investing - Theory, News & General
Topic: It's not different for me. Is it for you?
Replies: 54
Views: 5341

Re: Life Annuity instead of Bond/Cash allocation

... $600,000 giving 5.38%. Wouldn’t most of us be happy with 5.38% for life? Why isn’t everyone doing this with the bond/cash portion of their asset allocation? Why isn't every one doing it ? Because just 5 or so years ago that was probably 10.38%. Rates are so low on SPIA that Warren Buffett shut ...
by dodonnell
Fri Nov 01, 2013 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Life Annuity instead of Bond/Cash allocation
Replies: 6
Views: 801

Re: LinkedIn strategy?

...snip... ...but it routinely asks if I want to connect with someone I sent a single e-mail to four years ago or something, so I'm pretty confident that it ignored my instructions not to scan my contacts ...snip... More likely scenario is that that "someone" who you sent a single e-mail ...
by dodonnell
Sat Sep 21, 2013 12:42 pm
 
Forum: Personal Consumer Issues
Topic: LinkedIn strategy?
Replies: 51
Views: 5669

Re: Twenty year anniversary - Fama-French paper

Robert, being the cynic that I am... I know that a great deal of money has been made by DFA and the advisers that work with it as a result of the FF work. Did this paper happen to precede or closely follow the launch of the DFA funds??? David Booth founded DFA in 1981 ... I believe originally in an...
by dodonnell
Sun Aug 18, 2013 1:10 pm
 
Forum: Investing - Theory, News & General
Topic: Twenty year anniversary - Fama-French paper
Replies: 18
Views: 1809

Re: My Personal Experience With VG and DFA Expense Ratios

dodonnell While your point on bond spreads in munis might be correct if you were talking about a retail buyer, that is not true for a wholesale buyer like my firm, which buys billions each year. We not only get the same pricing that Vanguard and other institutional buyers get but we can often by ch...
by dodonnell
Sun Aug 04, 2013 1:27 pm
 
Forum: Investing - Theory, News & General
Topic: My Personal Experience With VG and DFA Expense Ratios
Replies: 27
Views: 2850

Re: My Personal Experience With VG and DFA Expense Ratios

Mhc, Yes there are costs to the bonds, but I don't know them. What I will say is that my understanding is that the bond market can be very opaque with lots of hidden costs. Need to have an advisor that you trust who has access to big time institutional pricing. I believe in that setting, the costs ...
by dodonnell
Sat Aug 03, 2013 11:59 am
 
Forum: Investing - Theory, News & General
Topic: My Personal Experience With VG and DFA Expense Ratios
Replies: 27
Views: 2850

Re: Anyone own "Triple Net" properties?

I'm a banker, and I can chime in and say that loan terms will vary from bank to bank ... Currently, for example, if you had no other business with me I could do a commercial RE loan at 70% of the value, on a 5 year term with a 25 year amortization at a 5.5% interest rate with a half a point origina...
by dodonnell
Sat Aug 03, 2013 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone own "Triple Net" properties?
Replies: 24
Views: 2649

Re: Anyone own "Triple Net" properties?

You can be well assured those terms are not non-recourse. The terms given above are about right.. you won't find anything over a 5 year term on commercial. It isn't like residential real estate. Banks nowadays will rarely allow a non-recourse arrangement on anything commercial. I was under the impr...
by dodonnell
Mon Jul 29, 2013 9:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone own "Triple Net" properties?
Replies: 24
Views: 2649

Re: Anyone own "Triple Net" properties?

I'm a banker, and I can chime in and say that loan terms will vary from bank to bank ... Currently, for example, if you had no other business with me I could do a commercial RE loan at 70% of the value, on a 5 year term with a 25 year amortization at a 5.5% interest rate with a half a point origina...
by dodonnell
Fri Jul 26, 2013 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone own "Triple Net" properties?
Replies: 24
Views: 2649

Re: Anyone own "Triple Net" properties?

That is pretty interesting on Rite Aid. I looked up a few others, like CVS and Walgreens, and they seem to pay a little less. (I assume because their credit rating is higher.) I agree. If I had an 8-9 figure portfolio, this might make sense. I'm surprised their aren't low cost funds that focus on t...
by dodonnell
Fri Jul 26, 2013 3:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone own "Triple Net" properties?
Replies: 24
Views: 2649

Re: Anyone own "Triple Net" properties?

Rite Aid Corporate debt appears to be priced like "Junk".

It reads like it has a higher YTM than your IRR.

http://quicktake.morningstar.com/stocknet/bonds.aspx?symbol=rad
by dodonnell
Fri Jul 26, 2013 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone own "Triple Net" properties?
Replies: 24
Views: 2649

Re: CFA Results

Just passed Level II. Registered for Level III for June 2014. ... passed Level I this past December 2012. Just reading the CFA CBOK so far. Don't tell anybody, but I love this stuff. :wink: I concur. Did this about a decade ago, the first time Level I was offered in December (huge snow storm). Leve...
by dodonnell
Fri Jul 26, 2013 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: CFA Results
Replies: 27
Views: 2785

Re: CFA Results

magician wrote:..snip.. Are you on AnalystForum? Lots of people there are posting their results today: Levels I and II.


magician, site looks great! Just signed up.
thank you, dan
by dodonnell
Wed Jul 24, 2013 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: CFA Results
Replies: 27
Views: 2785

Re: CFA Results

Just passed Level II. Registered for Level III for June 2014.
... passed Level I this past December 2012.

Just reading the CFA CBOK so far.
Don't tell anybody, but I love this stuff. :wink:
by dodonnell
Wed Jul 24, 2013 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: CFA Results
Replies: 27
Views: 2785

Re: FOUNDED January 1974 ?

The fact sheet also states that the fund was "founded" January 1, 1974 . This date is just before Jack Bogle founded Vanguard and made available the first retail S&P 500 index fund in 1975. Wells Fargo created the first index fund in 1973 but it was not available to retail investors. ...
by dodonnell
Sun Jul 21, 2013 5:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can't find a prospectus? WF/BlackRock S&P 500
Replies: 9
Views: 1335

Re: Can't find a prospectus? WF/BlackRock S&P 500

My WF 401k has the WF/ BlackRock S & P 500 Index CIT N fund. They had changed/added share classes back in the 1st quarter of this year, IIRC and renamed the fund from Wells Fargo S&P 500 Index Fund N. When I was trying to look up info on this fund, I found this link: http://www.wellsfargoad...
by dodonnell
Sun Jul 21, 2013 10:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Can't find a prospectus? WF/BlackRock S&P 500
Replies: 9
Views: 1335

FOUNDED January 1974 ?

Very disturbing fact sheet.

The fact sheet also states that the fund was "founded" January 1, 1974.
This date is just before Jack Bogle founded Vanguard and made available the first retail S&P 500 index fund in 1975.

Peppers, may I also see the fact sheet for your Blackrock CIT ?
by dodonnell
Sun Jul 21, 2013 10:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Can't find a prospectus? WF/BlackRock S&P 500
Replies: 9
Views: 1335

28% Turnover !

Something is fishy here on that "Fact Sheet"

Subject fund (or CIT) appears to be an SP500 index fund, but it has a turnover of 28% !

... what am i missing?
by dodonnell
Sun Jul 21, 2013 9:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Can't find a prospectus? WF/BlackRock S&P 500
Replies: 9
Views: 1335

Re: Does EMH hold water?

Theoretically, for EMH to hold, does it require the participation of at least some active investors ?
by dodonnell
Thu Jul 11, 2013 11:33 am
 
Forum: Investing - Theory, News & General
Topic: Does EMH hold water?
Replies: 28
Views: 2666

Re: Help with investment lingo on a prospectus

Red Flags all over prospectus language.

Did this private entity file a Form Reg D with SEC for this offering to obtain exemption from public securities filing requirements (assuming a US entity)?

http://edgar.sec.gov/edgar/searchedgar/webusers.htm
by dodonnell
Mon Jul 08, 2013 9:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with investment lingo on a prospectus
Replies: 8
Views: 557

Re: Historical Returns - online reference?

Bob Shiller has monthly returns (averaged per month), back to the civil war.
http://www.econ.yale.edu/~shiller/data.htm

ps. thanx for your links, i didn't have one of them
by dodonnell
Mon Jul 08, 2013 9:15 pm
 
Forum: Investing - Theory, News & General
Topic: Historical Returns - online reference?
Replies: 7
Views: 848

Re: If ratings are puffery then how to rate bonds?

Note to moderator: I'm not trying to start a topic on news or politics - this is a question about the best way to assess bond risk. ... snip ... So how should a reasonable investor evaluate bond default risk now that the ratings agencies themselves admit that they can't be trusted? Easy. Use compar...
by dodonnell
Mon Jul 08, 2013 9:10 pm
 
Forum: Investing - Theory, News & General
Topic: If ratings are puffery then how to rate bonds?
Replies: 13
Views: 981

Re: SIPC $500K Coverage

Three recent cases of custodian risk are: Lehman Brothers bankruptcy - no SIPC needed Madoff Ponzi - SIPC paid 500k for fake statements MF Global - SIPC only covers brokerage accounts, not commodity accounts, customers lost 1.2B of "cash" in their commodity accounts SIPC covers up to $500k...
by dodonnell
Sat Jun 29, 2013 9:30 am
 
Forum: Investing - Help with Personal Investments
Topic: SIPC $500K Coverage
Replies: 9
Views: 757

Re: Wealthfront Investment Methodology + Modern portfolio th

In this short paper Robert Litterman gives a straightforward example of applying the Black-Litterman AA model. The Intuition Behind Black-Litterman Model Portfolios Link - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=334304&download=yes BobK BobK, thank you for posting. ... appreciate th...
by dodonnell
Thu Jun 27, 2013 2:12 pm
 
Forum: Investing - Theory, News & General
Topic: Wealthfront Investment Methodology + Modern portfolio theory
Replies: 39
Views: 4004

Re: Rollover low expense index fund 403(b) to IRA?

The low fund expense ratio is about to expire in a few months. From the prospectus http://www1.tiaa-cref.org/public/prospectuses/LCX2040_sumpro.pdf?fundID=47&fundclass=LCIF : Under the Fund’s expense reimbursement arrangements, the Fund’s investment adviser, Teachers Advisors, Inc. (“Advisors”),...
by dodonnell
Sun Jun 16, 2013 9:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rollover low expense index fund 403(b) to IRA?
Replies: 2
Views: 173

Re: Investment property and cap rate

My previous post assumed that "Cap Rate" was short for " Market Capitalization Rate " (for comparable properties). The rate that an appraiser would use to perform a direct capitalization method for an income valuation (NOE/caprate=Value). For this purpose the growth rate is incor...
by dodonnell
Sun Jun 09, 2013 7:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Investment property and cap rate
Replies: 32
Views: 2401

Re: Investment property and cap rate

... I've been reading about the double digit cap rate on investment properties. I bought this house at the bottom of the down turn, and I still can't get a double digit cap rate on it. It's more like 5-6%. I don't understand why we can only look at the cap rate when valuing an investment ... Higher...
by dodonnell
Sun Jun 09, 2013 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Investment property and cap rate
Replies: 32
Views: 2401

Re: "The Experts: Lessons from the 2008 breakdown"

Dodonnell, Another part of this board is realizing that past performance does not predict future performance. The degree that treasuries "popped" in 2007 during the "flight to quality" cannot be replicated in 2013. Take a look at what intermediate treasuries were yielding then a...
by dodonnell
Sun Jun 09, 2013 9:33 am
 
Forum: Investing - Theory, News & General
Topic: "The Experts: Lessons from the 2008 breakdown"
Replies: 15
Views: 2761

Re: "The Experts: Lessons from the 2008 breakdown"

Keep some cash around so you can take advantage if Mr. Market institutes a 50% off sale. You don't need to keep idle cash. Here is an example: Portfolio before crash = 60% stocks + 40% bonds - stocks then lose 50% of value - bonds (Treasuries) gain 15% at the same time out of balance Portfolio duri...
by dodonnell
Sat Jun 08, 2013 10:59 am
 
Forum: Investing - Theory, News & General
Topic: "The Experts: Lessons from the 2008 breakdown"
Replies: 15
Views: 2761

Re: "The Experts: Lessons from the 2008 breakdown"

... Henry Ford once said something to effect of, "No one calls himself an expert if he really knows his job" and "If I wanted to destroy my competition, I would send them every engineer who considers himself an expert." ++ ps. my personal lesson from 2008 ... Treasuries are the ...
by dodonnell
Sat Jun 08, 2013 10:05 am
 
Forum: Investing - Theory, News & General
Topic: "The Experts: Lessons from the 2008 breakdown"
Replies: 15
Views: 2761

Re: Help w/ a $55M portfolio?

Although we have all our mutual funds at Vanguard and sleep well, at some portfolio size, and I think you are there, it would seem to make sense to put a sizable chunk of your portfolio into some of Fidelity's low cost index funds. It would cost you practically nothing and adds diversification. If ...
by dodonnell
Sun Apr 21, 2013 4:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help w/ a $55M portfolio?
Replies: 51
Views: 6934

Re: Bond quiz

moneywise3 wrote:Is there a tutorial on this somewhere?


.. here is a real quick one:
http://www.moneychimp.com/articles/finworks/fmbondytm.htm
by dodonnell
Mon Apr 15, 2013 11:18 am
 
Forum: Investing - Theory, News & General
Topic: Bond quiz
Replies: 25
Views: 1918

Re: Bond quiz

1) the interest rate paid by the fund doesn't change, 2) the interest rate paid by the fund doubles the day after your invest to 3.2%, and 3) the interest rate paid by the fund increases the day after your invest to 5%. So, do bond fund yields increase quickly to match interest rate increases, then...
by dodonnell
Mon Apr 15, 2013 10:01 am
 
Forum: Investing - Theory, News & General
Topic: Bond quiz
Replies: 25
Views: 1918
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