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Re: Vanguard Reaches $3 Trillion In Assets, matching Hedge F

At a .05% ER, that's 1.5 billion in fees a year.
by jdilla1107
Fri Sep 19, 2014 8:47 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Reaches $3 Trillion In Assets, matching Hedge Funds
Replies: 12
Views: 1429

Re: Why Invest in Bonds in your early 30s?

The absolute amounts matter here. Let's say in your early 30s you have <=10% of what you will need to retire. Going 100% equities seems fine to me. At this low level, having bonds is pretty much just for discipline. If you lose 50% of your portfolio, you have only lost 5% of what you will need event...
by jdilla1107
Wed Sep 17, 2014 12:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why Invest in Bonds in your early 30s?
Replies: 43
Views: 3536

Re: IEX and Flash Boys

Most firms like Vanguard do not connect directly to exchanges. They use some sort of aggregation service and algorithmic routing to perform trades. There are like 40+ dark pools plus 12 stock exchanges so it can be really expensive to manage all of this themselves. So, these firms use some sort of t...
by jdilla1107
Sat Sep 06, 2014 1:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: IEX and Flash Boys
Replies: 1
Views: 198

Re: So, when does a market timer get back in?

Market timers don't track this and don't expect others to. Market timers usually lie to themselves through bad accounting. It's like the people I know who always make money when they go to Vegas. It's bad accounting and self-delusion. You remember the winners more than the losers and one big win can...
by jdilla1107
Fri Sep 05, 2014 4:28 pm
 
Forum: Investing - Theory, News & General
Topic: So, when does a market timer get back in?
Replies: 54
Views: 5522

Re: struggling to understand "bond crash"

I continue to read about an impending "bond crash" . The articles are never ending. This is your problem. Stop reading the financial press and read something that is not trash. When you see at the grocery store that lizard people are taking over the US government, do you "struggle to...
by jdilla1107
Mon Sep 01, 2014 1:58 pm
 
Forum: Investing - Theory, News & General
Topic: struggling to understand "bond crash"
Replies: 13
Views: 2035

Re: Financial Advisor Compensation

I will give you an example of what I feel is poor execution. I was selling 9 shares of VCSH in my HSA/TDAmeritrade this past week. I submitted a limit order and saw shares trade afterwards at that limit price, but my shares were not sold and my limit order expired unfilled. I submitted another limi...
by jdilla1107
Fri Aug 29, 2014 3:33 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Advisor Compensation
Replies: 36
Views: 2931

Re: Financial Advisor Compensation

But they can sell their order flow, including yours, to market makers who profit from your poor execution. Basically all the brokers do this these days. I think this area is one in which the system works pretty well . NO ONE can execute an order that is not a the National Best Bid or Offer (NBBO). ...
by jdilla1107
Sat Aug 23, 2014 8:52 am
 
Forum: Investing - Theory, News & General
Topic: Financial Advisor Compensation
Replies: 36
Views: 2931

Changing user name

When I joined here, I picked a goofy username to post a single question. I got hooked and now I am staying. I wanted to change my forum name, but it doesn't appear to be an option. Is this possible?
by jdilla1107
Fri Aug 22, 2014 4:44 pm
 
Forum: Forum Issues and Administration
Topic: Changing user name
Replies: 2
Views: 352

Re: Financial Advisor Compensation

If you place trades through your broker, they may skim some of the bid/ask spread or give you a poor execution. This is not legal. Reg NMS states that an order must execute at the price of a displayed market. http://en.wikipedia.org/wiki/Regulation_NMS What this means is that a broker can internall...
by jdilla1107
Fri Aug 22, 2014 4:36 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Advisor Compensation
Replies: 36
Views: 2931

Re: Has indexing gotten too big?

Capitalism saves us here because as soon as indexing becomes too big the likes of hedge funds, prop trading firms, Carl Icahn, and Warren Buffet will profit big time by making the needed corrections. However, it will never reach the point of being obvious because these groups make CONSTANT correctio...
by jdilla1107
Mon Aug 18, 2014 8:50 pm
 
Forum: Investing - Theory, News & General
Topic: Has indexing gotten too big?
Replies: 10
Views: 1731

Re: Advice to move from Wells Fargo advisor

For ETFs the TDA commission free list covers most of the popular ones: http://research.tdameritrade.com/grid/public/etfs/commissionfree/commissionfree.asp I consider that to be a list of ETFs than need more assets under management and probably have some marketing arrangement with TD. That is certai...
by jdilla1107
Sun Aug 17, 2014 1:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice to move from Wells Fargo advisor
Replies: 25
Views: 2178

Re: Advice to move from Wells Fargo advisor

That is great info. I haven't closed accounts before. Unbelievable that they even charge to leave them... I think that proves that I don't want the advisor anymore.. Is there someone that doesn't charge? And I wasn't thinking of leaving TD... I was going to switch to Vanguard products through TD? A...
by jdilla1107
Sun Aug 17, 2014 9:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice to move from Wells Fargo advisor
Replies: 25
Views: 2178

Re: Advice to move from Wells Fargo advisor

I use wells fargo and pay nothing in fees to them, so you wouldn't have to leave wells fargo, just get out of the managed relationship. I think wells fargo is one of the better brokerages I have used, as long as you go the self managed route. Just a thought. I might have done that but it is looking...
by jdilla1107
Sat Aug 16, 2014 10:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice to move from Wells Fargo advisor
Replies: 25
Views: 2178

Re: Savings Percentage [rules of thumb]

You can drive yourself crazy trying to define what this means exactly. (Like what do you count as savings? what counts as income?) It's better to just either: 1) save as much as you can until it hurts a bit. or 2) Map out exactly how much you want to have in the future, and then glide path backwards...
by jdilla1107
Sat Aug 16, 2014 5:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings Percentage [rules of thumb]
Replies: 49
Views: 5504

Re: Advice to move from Wells Fargo advisor

I use wells fargo and pay nothing in fees to them, so you wouldn't have to leave wells fargo, just get out of the managed relationship. I think wells fargo is one of the better brokerages I have used, as long as you go the self managed route. Just a thought.
by jdilla1107
Sat Aug 16, 2014 4:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice to move from Wells Fargo advisor
Replies: 25
Views: 2178

Re: Admiral Shares

Many Admiral shares are available at Wells Fargo. I currently own VFIDX in an IRA, for example.
by jdilla1107
Mon Aug 11, 2014 10:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Admiral Shares
Replies: 8
Views: 1247

Admiral Shares

Say the admiral amount for a fund I am interested in is 50k. Say I have 20k in Trad Ira, 20k in roth, and 20k in taxable. With a wells fargo brokerage, if I invest 60k across these three accounts, should I be able to convince someone I should be able to get admiral shares?
by jdilla1107
Sun Aug 10, 2014 11:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Admiral Shares
Replies: 8
Views: 1247

Re: Moving Average Backtest destroys Buy/Hold. Try for yours

Given that the market is a zero-sum game, shouldn't we be applauding posts like the OP's? :beer I know that you are joking, but the stock market is no where near a zero sum game. 1) Billions in dividends and earnings are constantly being pumped into the stock market. But, even without this... 2) Le...
by jdilla1107
Sun Aug 10, 2014 1:01 pm
 
Forum: Investing - Theory, News & General
Topic: Moving Average Backtest destroys Buy/Hold. Try for yourself.
Replies: 59
Views: 4456

Re: Moving Average Backtest destroys Buy/Hold. Try for yours

Two samples is not proof of anything. You cherry picked two etfs and two dates. You can demonstrate almost anything in the world by taking billions of data points and doing this. It is a common trick that has been used for 1000s of years to get people convinced of something that is statistically ins...
by jdilla1107
Fri Aug 08, 2014 8:41 am
 
Forum: Investing - Theory, News & General
Topic: Moving Average Backtest destroys Buy/Hold. Try for yourself.
Replies: 59
Views: 4456

Re: HSA Strategy for high income earners

That's what I do. If you can afford it, there is no downside that I am aware of. This strategy is discussed on the wiki:

http://www.bogleheads.org/wiki/Health_s ... _of_pocket
by jdilla1107
Fri Aug 01, 2014 10:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA Strategy for high income earners
Replies: 79
Views: 5720

Re: Realize gains?

You should definitely do #1 for two reasons: - the 3,000 per year is deducted against your marginal tax rate while using it for gains offsets against the lower long term gains rate. The losses are worth more when used against income. - You can always do 2 later. In fact, if you need to sell in the f...
by jdilla1107
Fri Aug 01, 2014 10:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Realize gains?
Replies: 2
Views: 438

Re: i bonds or EE bonds?

Since my money market account was paying 5% just a few years ago, scenario (b) isn't that crazy. And life being what it is, neither is scenario (a). You wrote a nice long post about money illusion and then ended it with strong recency bias. EE bonds yield .5% more than 20 year treasuries plus have ...
by jdilla1107
Fri Jul 25, 2014 4:34 pm
 
Forum: Investing - Theory, News & General
Topic: i bonds or EE bonds?
Replies: 46
Views: 6206

Re: The article on tax efficient placement needs to be rewri

Another thing rca1824 forgot is that there is a very big 0% tax bracket on long term gains.

Anyone that plans to retire early should take this into account as well. I have large equity gAins and think I can pay 0% on a big part of it.
by jdilla1107
Wed Jul 23, 2014 6:16 pm
 
Forum: Investing - Theory, News & General
Topic: The article on tax efficient placement needs to be rewri
Replies: 75
Views: 4530

Re: Bond strategy resilient to rate increase

The flaw is that the FOMC really only controls very short term rates and BND will behave more like an intermediate bond. They have very little to do with each other and few people understand this. The vast majority of people do not even understand what it means for "interest rates" to incr...
by jdilla1107
Mon Jul 21, 2014 7:50 pm
 
Forum: Investing - Theory, News & General
Topic: Bond strategy resilient to rate increase
Replies: 13
Views: 1558

Re: Should I use my margin to buy bonds?

I am not opposed to buying on margin.. Indeed, we took out a 401(k) loan in order to buy a bond fund in a 529 account. There was no way that that was going to do worse than not taking out the 401(k) loan. Anyways, I think you should go first with this, start a new thread to document your transactio...
by jdilla1107
Thu Jul 17, 2014 5:40 pm
 
Forum: Investing - Theory, News & General
Topic: Should I use my margin to buy bonds?
Replies: 41
Views: 3593

Re: Brokered CD's vs Bonds

The big thing the pro-CD crowd misses is riding the yield curve. A 5 year CD held for 3 years is then a 2 year CD yielding almost nothing, because you could have sold it for the majority of the remaining interest. http://www.bogleheads.org/forum/viewtopic.php?t=132601&f=10 In addition, brokered ...
by jdilla1107
Fri Jul 11, 2014 8:13 pm
 
Forum: Investing - Theory, News & General
Topic: Brokered CD's vs Bonds
Replies: 24
Views: 2727

Re: Tax Efficiency of Treasuries

Are you really going to have the same marginal tax rate 20 years in the future?
by jdilla1107
Fri Jul 11, 2014 8:54 am
 
Forum: Investing - Theory, News & General
Topic: Tax Efficiency of Treasuries
Replies: 19
Views: 1627

Re: Hidden cost of Bid-Ask spread in purchasing ETF's

I have some VSS that I want to sell/buy for some tax gain harvesting. Even though it's mathematically beneficial, psychologically, thinking about the spread kills me. :) It is easy to be penny wise and pound foolish here too - trust me, I know. :( Nothing worse than waiting for the spread to tighte...
by jdilla1107
Wed Jul 09, 2014 10:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hidden cost of Bid-Ask spread in purchasing ETF's
Replies: 27
Views: 3873

Re: In Which Theories Should I Have Confidence?

Consider going back to first principles: http://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy The fact that you are making changes based on threads on this forum means you are failing, in my opinion. This is a public forum where anyone can write almost anything. You should only be m...
by jdilla1107
Mon Jul 07, 2014 8:36 pm
 
Forum: Investing - Theory, News & General
Topic: In Which Theories Should I Have Confidence?
Replies: 43
Views: 4364

Re: P2P Lending

I have done LC for about two years. Some things to consider: - The defaults are high. A stated rate of 10-12% can easily turn into 5-6%. I have had several notes where the person takes a loan and also immediately declares bankruptcy which means people are using lending club almost like easy money fo...
by jdilla1107
Wed Jul 02, 2014 8:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: P2P Lending
Replies: 12
Views: 1032

Re: What is simple enough to understand, and therefore inves

The vast majority of what is being debated on this forum is minutia between hobbyists. It's done because people find it interesting. It's similar to a automtive forum where people debate the minutia of cars, when you could just buy a camry and never think about it again. If you don't find it interes...
by jdilla1107
Sat Jun 28, 2014 10:41 am
 
Forum: Investing - Theory, News & General
Topic: What is simple enough to understand, and therefore invest in
Replies: 27
Views: 1918

Re: What % do US public companies compound $ at?

Dear Millennial,

Was this a text? Perhaps you eyeballed it from google glass? Here on these old school "message boards" we still try to write complete thoughts.

Let me try a differnt way.

What the what R U sayin?
by jdilla1107
Thu Jun 26, 2014 7:55 pm
 
Forum: Investing - Theory, News & General
Topic: What % do US public companies compound $ at?
Replies: 2
Views: 344

Re: Why buy a car with cash?

Hasn't been my experience. I got sub invoice on a .9% loan several years back. The financing comes from the car company not the dealer. Now if they would have offered 2k instead of the financing, I would have done that no questions asked. If you get 0% financing, it means you could have gotten a lo...
by jdilla1107
Mon Jun 23, 2014 11:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why buy a car with cash?
Replies: 83
Views: 6182

Re: Why buy a car with cash?

If you get 0% financing, it means you could have gotten a lower price on the car. 0% financing costs real money and they build that into the price. You won't be able to get close to invoice price with 0% financing, but you can with cash. This is exactly why the dealer wants to know if you are financ...
by jdilla1107
Mon Jun 23, 2014 10:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why buy a car with cash?
Replies: 83
Views: 6182

Re: Poll: Dave Ramsey - Harmful or helpful?

My parents dumped a huge position in GNMAs recently based on Ramsey's advice that they are going down. Now their money is sitting in cash while they wait. I begged them not to and now GNMAs are up about 3% from where they sold, so of course they have to keep waiting. I'm frustrated at them and the m...
by jdilla1107
Mon Jun 23, 2014 7:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Dave Ramsey - Harmful or helpful?
Replies: 65
Views: 5320

Re: CNN Money article on US Savings Bonds.

EE bonds have a guaranteed double after 20 years, so the are actually perfect for a 20 year investment, especially if you care going from high to low tax bracket over that 20 years
by jdilla1107
Sun Jun 15, 2014 9:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: CNN Money article on US Savings Bonds.
Replies: 7
Views: 1232

Re: If chasing market performance is bad...

People on this forum consistently misinterpret what reversion to the mean is. Let's take flipping a coin. Say you flip four heads in a row. What reversion to the mean says, is that if you do this 1000 more times, you will probably go from a heads flip rate of 100% to 50%. However, this does not mean...
by jdilla1107
Fri Jun 13, 2014 8:16 am
 
Forum: Investing - Theory, News & General
Topic: If chasing market performance is bad...
Replies: 85
Views: 4941

Re: How important is an ETF volume?

I would not touch an etf with that low of volume.

I don't really understand your tax situation, but can you just do a mutual fund?
by jdilla1107
Fri Jun 13, 2014 8:06 am
 
Forum: Investing - Theory, News & General
Topic: How important is an ETF volume?
Replies: 4
Views: 390

Re: Vanguard naming of bond funds

rkatz0 wrote:Why wouldn't this be basically the same? Vanguard Intermediate-Term Bond ETF (BIV)


That's a taxable fund. I was discussing muni tax-exempt funds.
by jdilla1107
Fri Jun 06, 2014 11:16 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard naming of bond funds
Replies: 18
Views: 1305

Re: Vanguard naming of bond funds

Inclusion of "average state maturity" on VG site appears to be a relatively new change (for the better). See this thread for more information. http://www.bogleheads.org/forum/viewtopic.php?f=10&t=140327 Thanks, that was helpful. So, the duration is like an expected case as opposed to ...
by jdilla1107
Fri Jun 06, 2014 11:01 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard naming of bond funds
Replies: 18
Views: 1305

Re: Vanguard naming of bond funds

Ok, so the average maturity is the difference. I have to admit to always having just looked at duration. If you look at vanguard treasury funds, the duration is very close to the maturity value. Why does the fact that the muni bonds are callable help lower the duration so much? That seems backwards ...
by jdilla1107
Fri Jun 06, 2014 10:56 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard naming of bond funds
Replies: 18
Views: 1305

Re: Changed asset allocation from 60/40 to 50/50 today

StarbuxInvestor wrote:I don't see bonds as necessarily safer than stocks at their valuations.


:oops:

It's a never ending battle here with the bond fear, uncertainty, and doubt. With 1000+ posts are you being flippant, or do you actually believe this?
by jdilla1107
Fri Jun 06, 2014 6:27 pm
 
Forum: Investing - Theory, News & General
Topic: Changed asset allocation from 60/40 to 50/50 today
Replies: 56
Views: 5434

Vanguard naming of bond funds

Why does vanguard name their long term tax exempt fund as "long", when the other intermediate funds seem to be identical in terms of duration? (I ask because the intermediate tax exempt is closed to me and I keep acquiring the long term tax exempt fund, which doesn't appear to be long at a...
by jdilla1107
Fri Jun 06, 2014 12:50 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard naming of bond funds
Replies: 18
Views: 1305

Re: Will the new currency law impact Vanguard Int'l Value Fu

Can you explain why you think this law has anything to do with holding an international fund? The goal of the law is to find offshore accounts held by U.S. taxpayers seeking to avoid paying taxes on them.

Stay the course and do nothing.
by jdilla1107
Fri May 30, 2014 10:32 pm
 
Forum: Investing - Theory, News & General
Topic: Will the new currency law impact Vanguard Int'l Value Fund?
Replies: 6
Views: 1086

Re: Should I use my margin to buy bonds?

One year treasuries pay much less than 1.59%. If you buy longer term you have interest rate risk. You only have interest rate risk if you intend to sell instead of holding to maturity. Google fixed vs floating rate. And note that you always have interest rate risk any time you hold any fixed rate i...
by jdilla1107
Tue May 27, 2014 9:12 pm
 
Forum: Investing - Theory, News & General
Topic: Should I use my margin to buy bonds?
Replies: 41
Views: 3593

Re: Should I use my margin to buy bonds?

One year treasuries pay much less than 1.59%.

If you buy longer term you have interest rate risk.
by jdilla1107
Tue May 27, 2014 6:27 pm
 
Forum: Investing - Theory, News & General
Topic: Should I use my margin to buy bonds?
Replies: 41
Views: 3593

Re: DFA Core-- Why bother with bottom 1000 names?

JoMoney The way it works is that you can be seller if you have cash to invest and you are patient trader, price maker not taker. So say in 2008 when almost all funds were experiencing outflows DFA was experiencing inflows. So say a small stock is trading 10 bid 10.2 asked and a fund must sell to ra...
by jdilla1107
Wed May 21, 2014 6:07 pm
 
Forum: Investing - Theory, News & General
Topic: DFA Core-- Why bother with bottom 1000 names?
Replies: 19
Views: 1661

Re: Understanding HSA reimbursement

Thanks for the responses. I don't actually want to get reimbursed, so I'm not going to pursue it with them. I was really just making sure my plan of not reimbursing myself now was not going to lead to a major future headache.

Sounds like I am good.
by jdilla1107
Mon May 19, 2014 11:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Understanding HSA reimbursement
Replies: 14
Views: 1159

Re: Understanding HSA reimbursement

I am choosing not to reimburse myself from my HSA and let it grow. I save all receipts/statements and was hoping to reimburse myself in retirement. However, I noticed My HSA provider requires that people send in all of the receipts and statements to get reimbursed. I thought that HSA reimbursement ...
by jdilla1107
Sat May 17, 2014 11:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Understanding HSA reimbursement
Replies: 14
Views: 1159

Re: Why Avoid Long-Term Bonds?

Total Bond Market holds about 15%-20% long term bonds. There's nothing wrong with them in moderation. The main concern is that people over do it in their quest to stretch for yield. If you are going to hold long term bonds as part of a diversified fixed income portfolio, then great. If you are sick ...
by jdilla1107
Sat May 17, 2014 10:42 pm
 
Forum: Investing - Theory, News & General
Topic: Why Avoid Long-Term Bonds?
Replies: 67
Views: 6499
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