Search found 319 matches

Return to advanced search

Re: Looking at top 1% for actionable insight

(Offering up "insights" from the 1%, hope they're helpful...) - Own. The money goes to the owners. Entrepreneurs, farmers, partnerships, etc -- all have that in common. When the final decision comes down, and the pie is split, the owners decide. -- When things are sold, and capital gains a...
by longview
Mon Apr 14, 2014 5:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking at top 1% for actionable insight
Replies: 72
Views: 6978

Re: How has a Taleb-esque portolfio done recently?

It's funny, I came to post that same quote, but a different part that I think sums him up better... "... that’s the trade.” Taleb also recommends betting on hyperinflation using options to buy gold and silver and sell Treasuries. “You have a very small probability of making money ,” he said. “B...
by longview
Sun Apr 06, 2014 6:52 pm
 
Forum: Investing - Theory, News & General
Topic: How has a Taleb-esque portolfio done recently?
Replies: 34
Views: 3547

Re: How has a Taleb-esque portolfio done recently?

Here is Taleb's investment advice given at a conference in 2013. The 20% zero-risk, 80% high-risk portfolio: Noting that advisors will find this principal the most applicable to their field, Taleb detailed his strategy for robust portfolio construction. Rather than selecting an array of medium-risk...
by longview
Sun Apr 06, 2014 4:57 pm
 
Forum: Investing - Theory, News & General
Topic: How has a Taleb-esque portolfio done recently?
Replies: 34
Views: 3547

Re: Wiki expansion of TIPS funds and holding in taxable... Q

...Investors would panic buy, driving up the price... I think we're agreeing. Inflation spikes - real rates go down - prices go up. That's the lead wave. Then real rates go up (to combat inflation, theoretically), and prices drop for a bit. Then reversion to the mean. I'm not sure I agree with that...
by longview
Sun Apr 06, 2014 2:00 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki expansion of TIPS funds and holding in taxable... Qs...
Replies: 26
Views: 1023

Re: How has a Taleb-esque portolfio done recently?

A little defense of Taleb, or at least explanation as I understand it... - The main rejection, or reality he is trying to avoid, is that in stock market investing you are putting all the money at risk in order to get a small expected return. It's not roulette, where you might lose everything and you...
by longview
Sun Apr 06, 2014 12:16 pm
 
Forum: Investing - Theory, News & General
Topic: How has a Taleb-esque portolfio done recently?
Replies: 34
Views: 3547

Re: How are you preparing for the coming bear market

60% fixed income here, should let me rebalance into the bear market.

30% Equities foreign, so they've been on sale a bit during this bull market -- maybe they'll bull while the other bears.

Some real estate (out of equities), hopefully less correlated when the bear hits.
by longview
Sun Apr 06, 2014 12:02 pm
 
Forum: Investing - Theory, News & General
Topic: How are you preparing for the coming bear market
Replies: 104
Views: 7805

Re: Liability Matching Portfoloio

I wrote "Ages of the Investor" as a way to think about the retirement investing process, not as a normative prescription. Bobcat's posts on the subject, and the links he provides, are also quite helpful. In a perfect world, the TIPS yield curve is positive at all maturites, which are avai...
by longview
Fri Apr 04, 2014 12:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Liability Matching Portfoloio
Replies: 15
Views: 862

Re: Help me understand

My question is why have we had all these posts and several threads about one of these two economic best sellers and yet this is the first post to even mention the second book, which appears to be by far the more important of the two books? Perhaps because the Piketty book makes a certain political ...
by longview
Fri Apr 04, 2014 12:52 pm
 
Forum: Investing - Theory, News & General
Topic: Help me understand Michael Lewis' "Flash Boys"
Replies: 164
Views: 8451

Re: Wiki expansion of TIPS funds and holding in taxable... Q

What I struggle with is if there is runaway inflation, the Federal Reserve will raise interest rates to combat it. An increase in real interest rates will send the Intermediate Term TIPS fund NAV lower due to the high duration of 8.5+-. Would this not offset the increase in income due to the inflat...
by longview
Fri Apr 04, 2014 12:42 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki expansion of TIPS funds and holding in taxable... Qs...
Replies: 26
Views: 1023

Re: Wiki expansion of TIPS funds and holding in taxable... Q

Does that help? PJW It does, thankyou. My final specific question is how much do you fall behind inflation if you use the TIPS fund distribution to pay the taxes? Is it as simple as inflation_adjustment * tax_rate is how much you fall behind? Or is it some more complicated math? Assume compounding ...
by longview
Fri Apr 04, 2014 12:23 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki expansion of TIPS funds and holding in taxable... Qs...
Replies: 26
Views: 1023

Re: Wiki expansion of TIPS funds and holding in taxable... Q

(haven't read responses yet... wanted to share some outside reading from Vanguard...) From "interview with John Hollyer of Vanguard" (http://mutualfunds.about.com/od/managingyourportfolio/a/interview_with_vanguard_tips.htm) Bolding mine. What are the advantages of investing in TIPS mutual ...
by longview
Thu Apr 03, 2014 6:43 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki expansion of TIPS funds and holding in taxable... Qs...
Replies: 26
Views: 1023

Re: Wiki expansion of TIPS funds and holding in taxable... Q

Here's the wiki article: Treasury Inflation Protected Security (Tax considerations) I'm not sure that this discussion would fit into the wiki article (as the title implies). If it does, please post what should be updated. That WIKI article is very helpful... it's just that the WIKI doesn't have muc...
by longview
Thu Apr 03, 2014 3:43 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki expansion of TIPS funds and holding in taxable... Qs...
Replies: 26
Views: 1023

Re: Wiki expansion of TIPS funds and holding in taxable... Q

Thanks for the feedback. Regarding just not worrying about it... I feel the need to understand it since TIPS funds are relatively new, and I took the time to understand all the (mis)information on bond funds and how they won't be sent into a downward spiral... but I'm not exactly sure how TIPS funds...
by longview
Thu Apr 03, 2014 3:23 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki expansion of TIPS funds and holding in taxable... Qs...
Replies: 26
Views: 1023

Re: Wiki expansion of TIPS funds and holding in taxable... Q

And one more TIPS fund tax related question...

When you sell fund shares when there has been NAV appreciation, is that capital gains rate or marginal rate?


Thanks.
by longview
Tue Apr 01, 2014 6:25 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki expansion of TIPS funds and holding in taxable... Qs...
Replies: 26
Views: 1023

Re: Really confused by Bernstein

Thanks for the article. :happy
by longview
Tue Apr 01, 2014 6:02 pm
 
Forum: Investing - Theory, News & General
Topic: Really confused by Bernstein
Replies: 168
Views: 12875

Wiki expansion of TIPS funds and holding in taxable... Qs...

(I've read through the WIKI and the threads I could find, here is what I think I read and would love expansion and/or correction. Best forum ever.) From the Wiki: (Question - how does VG accomplish this?) (...after talking about phantom income on individual TIPS in taxable...) If you hold TIPS throu...
by longview
Tue Apr 01, 2014 6:00 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki expansion of TIPS funds and holding in taxable... Qs...
Replies: 26
Views: 1023

Re: Really confused by Bernstein

2. You can buy an SPIA which will pay you $7,000 per year for life, no matter how long you live. With 1., the risk you will run out of money in less than 20 or 25 years is very real. Maybe 20%. With 2., you will never run out of income, no matter how long you live. Yes, there is a tiny risk your in...
by longview
Tue Apr 01, 2014 2:48 pm
 
Forum: Investing - Theory, News & General
Topic: Really confused by Bernstein
Replies: 168
Views: 12875

Re: Really confused by Bernstein

I agree with the logic of taking your absolute minimum retirement needs and locking it in to safety. Unfortunately: - SPIAs have company risk, correct? You are putting all your risk into an insurance company... and in the worst case scenario where bonds and stocks have massively fallen I don't feel ...
by longview
Mon Mar 31, 2014 11:50 pm
 
Forum: Investing - Theory, News & General
Topic: Really confused by Bernstein
Replies: 168
Views: 12875

Re: Wisdom on Rebalancing/Selling-Winners from mostly taxabl

Thanks for the replies. I would restate that sentiment as "if you have enough then AA doesn't matter anymore." But the whole idea of AA (or at least a big part of it) is to force you to buy low and sell high, rather than to let massive volatility enter your portfolio over time. For the sak...
by longview
Wed Mar 26, 2014 12:56 pm
 
Forum: Investing - Theory, News & General
Topic: Wisdom on Rebalancing/Selling-Winners from mostly taxable??
Replies: 8
Views: 432

Wisdom on Rebalancing/Selling-Winners from mostly taxable??

(I did a lot of googling and searching and couldn't find info on this topic, other than reinvest with new money which is a different situation). The Situation: For simplicity, say you're 50/50 with 3 mil/3mil in bonds and equity. You're feeling good and your new money is nowhere near that level. Equ...
by longview
Wed Mar 26, 2014 11:55 am
 
Forum: Investing - Theory, News & General
Topic: Wisdom on Rebalancing/Selling-Winners from mostly taxable??
Replies: 8
Views: 432

Re: $10+ M, age 49, seeking wisdom regarding retirement

FIREd here. I was also worried about the "role model" aspect. One thing I'll add to the previous comments, is that this is part of my job now. Reading finance books, occasionally going through forums, checking up on things... when I'm in my office working on finance stuff I'm "working...
by longview
Sat Feb 08, 2014 2:22 am
 
Forum: Personal Finance (Not Investing)
Topic: $10+ M, age 49, seeking wisdom regarding retirement
Replies: 58
Views: 7100

Re: Tax Exempt or Taxable; Am I Foolish?

Check out BMBIX... lots of prerefunded munis (50%+). So the security of treasuries... the tax benefit of munis... and a return that reflects the risk (but the tax benefit helps it).

(I have both muni funds and BMBIX)
by longview
Sat Feb 08, 2014 1:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax Exempt or Taxable; Am I Foolish?
Replies: 16
Views: 1823

Re: $25K Budget for a Fun Car

- S2000 (power is in high RPM range and torque less which I don't like) Is this based on a testdrive or spec sheet? If you haven't done a test drive I recommend it -- the best transmission around... super fun to shift into those hi-rev ranges. S2000 CR more fun if you like the go-cart feel of stiff...
by longview
Sat Feb 08, 2014 1:49 am
 
Forum: Personal Consumer Issues
Topic: $25K Budget for a Fun Car
Replies: 50
Views: 4354

Re: LIFE WITHOUT XP (Part 2): Replacing Outlook Express

I used gmail for a long time. After getting a ton of email, my takeaway for you is... collecting every single email ever and always having to search through them is actually not that great. :oops: Better to use a client, delete most email, and file the few things you actually would want to keep. I'm...
by longview
Tue Jan 28, 2014 5:55 am
 
Forum: Personal Consumer Issues
Topic: LIFE WITHOUT XP (Part 2): Replacing Outlook Express
Replies: 34
Views: 1770

Re: A reasonable approach to savings with un-involved spouse

FWIW... Have your direct deposit go to Vanguard. Then setup an automatic-monthly bank ACH from Vanguard to your family bank account in the amount of what your expenses should be (ie, what salary you want to live off of). This removes a lot of temptation and makes it easy to pretend you have a smalle...
by longview
Tue Jan 28, 2014 5:40 am
 
Forum: Personal Finance (Not Investing)
Topic: A reasonable approach to savings with un-involved spouse?
Replies: 14
Views: 1660

Re: Do Bogleheads see this market dip as a buying point?

Bought. (fell roughly inline with my DCA).

Here's hoping it keeps going down for the next month, for my next and final DCA. Then it can start going up again. :beer
by longview
Mon Jan 27, 2014 11:42 am
 
Forum: Investing - Theory, News & General
Topic: Do Bogleheads see this market dip as a buying point?
Replies: 127
Views: 13424

Re: Vanguard implements 20 character passwords

Random VG security tip: you can set it to only allow access from your specific computer. (you can call with voice auth if the computer dies)

Makes PW less worrisome (even though 20 is still better than 10).
by longview
Sat Nov 09, 2013 1:58 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard implements 20 character passwords
Replies: 57
Views: 7177

Re: Have You Ever Asked for A Different Account Rep?

Same experience as Calm Man here. ;) I was going to suggest intentionally calling when your rep isn't around -- so you can find someone you like better. I'd recommend against ditching someone who is functional -- since you don't know who you will wind up with. Better to see if you ever randomly get ...
by longview
Tue Oct 29, 2013 12:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Have You Ever Asked for A Different Account Rep?
Replies: 19
Views: 1582

Re: Amazon Web Services - S3

Has anyone using crashplan or glacier done a test restore?
by longview
Sun Oct 27, 2013 4:43 am
 
Forum: Personal Consumer Issues
Topic: Amazon Web Services - S3 / Glacier
Replies: 15
Views: 1449

Re: Simple Question about rebalancing portfolio

Swensen says constant rebalancing is good for a bit over 1% yield -- but that's from the PoV of a tax-free endowment. The constant rebalancing basically lets you make a bit of money off the volatilty -- and isn't what I'd call Boglehead Rebalancing. Boglehead Rebalacing, I think in concept, is to fo...
by longview
Tue Oct 22, 2013 9:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Simple Question about rebalancing portfolio
Replies: 7
Views: 651

Re: 30 year TIPs auction announcement October 17

Thanks much. I just bought some -- pretty strange to buy something in an IRA and not know how much it will cost... I left some cushion.
by longview
Fri Oct 18, 2013 1:59 pm
 
Forum: Investing - Theory, News & General
Topic: 30 year TIPs auction announcement October 17
Replies: 44
Views: 3866

Re: 30 year TIPs auction announcement October 17

Vanguard auction page shows an "Indicative Yield" of 1.364.
by longview
Fri Oct 18, 2013 1:37 pm
 
Forum: Investing - Theory, News & General
Topic: 30 year TIPs auction announcement October 17
Replies: 44
Views: 3866

Re: 30 year TIPs auction announcement October 17

Thanks. Where does one find the inflation adjustment to go with that offering? ie, what's the deflation cushion?

I see "Adj price @ 1.01721" in #cruncher's post. Is that 1.7% inflation?

(although I think it's extreme doubtful we won't have net-inflation from now until now+30)
by longview
Fri Oct 18, 2013 1:14 pm
 
Forum: Investing - Theory, News & General
Topic: 30 year TIPs auction announcement October 17
Replies: 44
Views: 3866

Swedroe rule -- go long munis instead of intermediate?

Larry Swedroe mentions in his book, and online a few place, the (DFA?) rule of looking for .20% increased yield per year to go out on the yield curve. Seemed to make some sense. So, in this era of universal fear of rising rates, this rules seems to imply going long munis: Vanguard Intermediate-Term ...
by longview
Fri Oct 18, 2013 11:45 am
 
Forum: Investing - Theory, News & General
Topic: Swedroe rule -- go long munis instead of intermediate?
Replies: 3
Views: 645

Re: 30 year TIPs auction announcement October 17

So, if I spend my whole IRA on 30-year TIPS tomorrow... then I'll see what yield I wound up with next week after the auction settles? Do I have that right?

I'm ready to jump on anything positive as some inflation apocalypse insurance.
by longview
Thu Oct 17, 2013 9:13 pm
 
Forum: Investing - Theory, News & General
Topic: 30 year TIPs auction announcement October 17
Replies: 44
Views: 3866

Re: Bloomberg terminal: Does it give you dealer prices or ju

So uh, once you bought bonds on BB FIT where would they go? To my brokerage account? I still find this an interesting question. Take Fidelity, which lets you set a price for your muni purchase, say you bid for a million dollar block of munis at dealer prices -- would the dealer immediately reject i...
by longview
Thu Oct 17, 2013 12:44 pm
 
Forum: Investing - Theory, News & General
Topic: Bloomberg terminal: Does it give you dealer prices or just..
Replies: 5
Views: 870

Re: Good super-short (30-60 day) treasuries fund?

Thanks for the input everyone. I do have a HY savings account (AMEX)... here is my reason for resisting going the several accounts route: - I opening an AMEX HY Savings: . it took several weeks to fund/ACH . the website glitches when I try to open other accounts for my wife and jointly (so I can hav...
by longview
Thu Oct 17, 2013 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Good super-short (30-60 day) treasuries fund?
Replies: 15
Views: 1007

Still can't justify CDs for highest tax bracket...

(I've been going through all the Bond ladder vs bond fund vs CD threads lately, and have read Kevin and others making the point for CDs, but it just doesn't seem to make sense for high-tax bracket...) I did a search for pre-refunded munis (tax-free, but the safety of treasuries). Here's a 3-4-year w...
by longview
Thu Oct 17, 2013 11:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Still can't justify CDs for highest tax bracket...
Replies: 1
Views: 379

Good super-short (30-60 day) treasuries fund?

I'd be interested if there are any funds in this category that is Bogglehead approved. Vanguard doesn't have one. :( (rolling my own from Treasury Direct every month seems like a bit of a PITA).

Just looking for a bit more yield (like an old bad money market fund) for dry powder.

Thanks.
by longview
Wed Oct 16, 2013 11:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Good super-short (30-60 day) treasuries fund?
Replies: 15
Views: 1007

Re: Is It Finally Time For A Bond Ladder?

Hi Longview. My tax deferred accounts were filled and wanted fixed income for taxable accounts. Yes, I use Vanguard bond platform but only because simpler for me as have my stock index fund investments with them and like their consumer friendly philosophy. But sure there are other equally good bond...
by longview
Thu Oct 10, 2013 12:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Is It Finally Time For A Bond Ladder?
Replies: 44
Views: 2957

Re: Is It Finally Time For A Bond Ladder?

jdb: I only dabble in muni bond ladder in taxable account, with terms of at least 4 years. Tried a corporate bond ladder some years ago but buy-sell spreads got too high. Did have a treasury bond ladder for awhile in Treasury Direct but got out of that. But in answer to your question, quite a few of...
by longview
Wed Oct 09, 2013 7:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Is It Finally Time For A Bond Ladder?
Replies: 44
Views: 2957

Re: For munis, bond fund or ladder

Bond masters... I'd love to create an intermediate level muni ladder that is 100% pre refis (works well in my IPS). My thinking is if I can just avoid being hosed by ~1.5% (secondary market) then I'm at least breaking even with the BMBIX ER of .3%. And BMBIX isn't 100% pre refi, and I don't have to ...
by longview
Wed Oct 09, 2013 3:37 am
 
Forum: Investing - Theory, News & General
Topic: For munis, bond fund or ladder
Replies: 116
Views: 10107

Re: Lets Try... Please spot check my hypothetical muni purch

Yep, thanks. Where do you see the 250 bond limit? I'm flagship, and it says 500 free trades next to my brokerage account, but it looks like it doesn't want to use those free trades on bonds. ;)

Thanks for the help.
by longview
Wed Oct 09, 2013 12:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Lets Try... Please spot check my hypothetical muni purchase.
Replies: 11
Views: 714

Re: Lets Try... Please spot check my hypothetical muni purch

Ok Mak, so I tried another one with your help and it worked (at least very close), except the "bond calculator" yield is lower than the quoted yield on the front page. So here is redux 3 ... Here is the Vanguard search page... yield 1.670%... http://i44.tinypic.com/29bnhc9.png To the bond ...
by longview
Tue Oct 08, 2013 9:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lets Try... Please spot check my hypothetical muni purchase.
Replies: 11
Views: 714

Re: Lets Try... Please spot check my hypothetical muni purch

Couple of points: 1. If you are buying today, settlement is 10/11 which is the date money moves, not today. This affects your spreadsheet date. Everything including accrued int is vs settlement date. 2. The published yields at Vanguard may include the commission, which for 1 bond would be $1.00 in ...
by longview
Tue Oct 08, 2013 9:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lets Try... Please spot check my hypothetical muni purchase.
Replies: 11
Views: 714

Re: Lets Try... Please spot check my hypothetical muni purch

Thanks everyone. I went and tried the above. Updated for today... http://i42.tinypic.com/2d01lc0.png Here is IRR and XIRR, neither which gives the "right answer" of 1.044. http://i40.tinypic.com/1y4x8i.png Adding accrued interest naively didn't get to the right number either (I don't know ...
by longview
Tue Oct 08, 2013 11:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Lets Try... Please spot check my hypothetical muni purchase.
Replies: 11
Views: 714

Bloomberg terminal: Does it give you dealer prices or just..

...dealer info? The question is the title: Does the bloomberg terminal let you get those inter-dealer muni rates, or are those rates purely a function of large trades? ie, would someone get those same rates making large trades at VBS? (The musing: While bloomberg terminals are very expensive (~20k/y...
by longview
Tue Oct 08, 2013 9:25 am
 
Forum: Investing - Theory, News & General
Topic: Bloomberg terminal: Does it give you dealer prices or just..
Replies: 5
Views: 870

Lets Try... Please spot check my hypothetical muni purchase.

(My quest to make the numbers work, using real numbers instead of the simplified round numbers from the books, continues...) http://i44.tinypic.com/1604zep.png For now I'd ignore the early call, 100% backed by treasuries, and just look at how to calculate the yield to worst (call) number. The next c...
by longview
Mon Oct 07, 2013 2:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lets Try... Please spot check my hypothetical muni purchase.
Replies: 11
Views: 714

Is there a new issue muni mailing list? Or alert system?

I'd love to be able to put in some settings (maturity range, pre-refunded, credit rating) and get alerts when a new muni is available. Does anyone offer a service like this?

Thanks.
by longview
Sun Oct 06, 2013 4:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Is there a new issue muni mailing list? Or alert system?
Replies: 1
Views: 162

Re: The Best Financial Tool

Long before the internet and even computers, I bought a financial calculator and learned how to use it. That was one of the best financial tools I ever had. I still use it to this day, although not the same one. I like the Texas Instrument BAII plus that Walmart sells for less than $30.00. I guess ...
by longview
Sat Oct 05, 2013 6:33 pm
 
Forum: Investing - Theory, News & General
Topic: The Best Financial Tool
Replies: 23
Views: 2946
Next

Return to advanced search