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Re: Northwestern Mutual Life - Whole Life Policy Review

Thank you for the additional info/links LadyGeek. I will take a look...as much as I hate math. Meph thanks for the clarification...makes sense to me now. Homer, I can't argue with your basic numbers I suppose but you are ignoring the "value" of the life insurance component it seems to me. ...
by matjen
Wed Apr 23, 2014 7:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1822

Re: Northwestern Mutual Life - Whole Life Policy Review

Keep in mind Hunt's analysis assumes you would buy term insurance to replace the insurance provided by the WL you're basically using just as an investment. Sure, that insurance has some value, but given that you have no need for insurance, the value to you probably isn't what it actually costs. Can...
by matjen
Tue Apr 22, 2014 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1822

Re: Northwestern Mutual Life - Whole Life Policy Review

Is the renewal commission in that letter meaning 5% of yearly, or $335.75? So with the return being quoted, that's removed, right? I think he is accounting for that and giving it as the reason the return is lower until year 11. I figure I might as well show his tables. This is from a little over a ...
by matjen
Tue Apr 22, 2014 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1822

Re: Northwestern Mutual Life - Whole Life Policy Review

...Your only question to answer now is do you want this as an investment? It's less than 1% of your portfolio at this point, and hardly worth the hassle, so I'd cash it out for simplicity's sake. But it really doesn't matter what you do with 1% of your portfolio. Buy bitcoins or beanie babies if yo...
by matjen
Tue Apr 22, 2014 4:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1822

Re: Northwestern Mutual Life - Whole Life Policy Review

Keep in mind that if u do purchase disability that nwm is not true own occupation. If u are only planning on working a few years then get graded instead of level coverage. Also keep in mind that if one were disabled there might be additional costs besides just lost earnings. Thank you. Yes, I actua...
by matjen
Tue Apr 22, 2014 4:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1822

Re: Northwestern Mutual Life - Whole Life Policy Review

Thank you dhodson, homerj,and mathkid for your replies.

All very good. Mathkid I had not noticed that recent WCI post and will look at it more carefully.
by matjen
Mon Apr 21, 2014 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1822

Re: Northwestern Mutual Life - Whole Life Policy Review

Hello Everyone, I guess it is my turn to have the Bogleheads give me a hand with a Northwestern Mutual Whole Life policy. The policy is owned by my wife who is an ER Doc that never heard of White Coat Investor. ;-) Thoughts? Thanks for your PM. Based on your situation I would recommend the followin...
by matjen
Mon Apr 21, 2014 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1822

Re: Northwestern Mutual Life - Whole Life Policy Review

You seem to have the outline of all the relevant issues, so I don't think there is much more to think about than how you view the "benefit" of having a stable bond fund for a very small amount of money. Given the size of your portfolio, I'm not sure it makes much of a difference and the h...
by matjen
Mon Apr 21, 2014 10:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1822

Re: Northwestern Mutual Life - Whole Life Policy Review

Paying monthly has a huge fee associated with it. You posted statement numbers and not illustration. You have to request an in force illustration. Keep in mind they invest primarily in treasuries and bonds but have huge costs associated with it. The cash value may or may not be bond like after a fe...
by matjen
Mon Apr 21, 2014 9:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1822

Northwestern Mutual Life - Whole Life Policy Review

Hello Everyone, I guess it is my turn to have the Bogleheads give me a hand with a Northwestern Mutual Whole Life policy. The policy is owned by my wife who is an ER Doc that never heard of White Coat Investor. ;-) My wife and I married a bit later in life (me late 40s, her early 40s). Her main fina...
by matjen
Mon Apr 21, 2014 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1822

Re: First of two parter on what is risk

I feel like my parents are bickering when Larry and BobK are a bit at odds. :wink: Great additions BobK. Although I am always active in the factor discussions and lately have been pushing the Asness Bloomberg videos, I must say that your LiveCycle posts and Merton are also weighing more and more on ...
by matjen
Thu Apr 17, 2014 6:39 pm
 
Forum: Investing - Theory, News & General
Topic: First of two parter on what is risk
Replies: 26
Views: 1673

Re: Bogle, Fama, Shiller & Asness Videos from Bloomberg

I agree--I caught it in the other thread. Really enjoyed it, although maybe it was because it contained a Mount Everest's worth of confirmation bias (diversification, low cost, small/value premiums, valuations matter, etc.). With the exception of Bogle's skepticism regarding value vs. growth, affir...
by matjen
Thu Apr 17, 2014 6:31 pm
 
Forum: Investing - Theory, News & General
Topic: Bogle, Fama, Shiller & Asness Videos from Bloomberg
Replies: 5
Views: 444

Re: AMH - Interested in Larry Swedroe's Thoughts

Lo has an agreement with Natixis Global Asset Management. From his hedge fund's site: Please note that AlphaSimplex also advises mutual funds distributed through Natixis Global Asset Management: ASG Diversifying Strategies Fund ASG Global Alternatives Fund ASG Managed Futures Strategy Fund ASG Tacti...
by matjen
Thu Apr 17, 2014 6:29 pm
 
Forum: Investing - Theory, News & General
Topic: AMH - Interested in Larry Swedroe's Thoughts
Replies: 4
Views: 617

Bogle, Fama, Shiller & Asness Videos from Bloomberg

I thought I would start a new thread with links to the collection of videos from the recent hour that Cliff Asness hosted on Bloomberg. This was perhaps the best hour of live financial television I have ever seen. Plenty of great Boglehead topics discussed by giants in the field. http://www.bloomber...
by matjen
Thu Apr 17, 2014 1:23 pm
 
Forum: Investing - Theory, News & General
Topic: Bogle, Fama, Shiller & Asness Videos from Bloomberg
Replies: 5
Views: 444

Re: Asness & Fama on Bloomberg TV NOW

No problem. I may just start a new thread with the collected links so people can easily find them rather than scroll down on this thread which isn't even titled in a manner to suggest there are video links worth watching.
by matjen
Thu Apr 17, 2014 1:13 pm
 
Forum: Investing - Theory, News & General
Topic: Asness & Fama on Bloomberg TV NOW
Replies: 23
Views: 1153

Re: You don't want to be member of the hedge fund club

Consider yourself warned when the founder of a hedge fund advises the public to "go with Jack Bogle" rather than his own hedge fund. (AQR managed more than $98.8 billion as of Dec. 31) However, he very clearly said that if you had to choose between a strategy of stock picking, timing and ...
by matjen
Wed Apr 16, 2014 11:37 am
 
Forum: Investing - Theory, News & General
Topic: You don't want to be member of the hedge fund club
Replies: 13
Views: 2296

Re: You don't want to be member of the hedge fund club

Consider yourself warned when the founder of a hedge fund advises the public to "go with Jack Bogle" rather than his own hedge fund. (AQR managed more than $98.8 billion as of Dec. 31) That isn't what Asness said. I also don't think AQR is a hedge fund. They are a quant mutual fund compan...
by matjen
Wed Apr 16, 2014 9:39 am
 
Forum: Investing - Theory, News & General
Topic: You don't want to be member of the hedge fund club
Replies: 13
Views: 2296

Re: Asness & Fama on Bloomberg TV NOW

I didn't know at the time or watch. I am interested always in academic discussions for the sake of education. Is this not, though, financial porn? Did anybody who watch this today change anything they did one iota? It seems either one buys into the DFA approach or believes in the Total stock market...
by matjen
Tue Apr 15, 2014 11:16 pm
 
Forum: Investing - Theory, News & General
Topic: Asness & Fama on Bloomberg TV NOW
Replies: 23
Views: 1153

Re: Asness & Fama on Bloomberg TV NOW

That was awesome. Just as the debate heats up around here on SCV vs. total market approach we get to hear from the giants of both sides. I am firmly convinced that Jack's approach is the best. Buy the market at the lowest cost possible and hold it forever. Beat that! I don't know about that Quincy ...
by matjen
Tue Apr 15, 2014 12:04 pm
 
Forum: Investing - Theory, News & General
Topic: Asness & Fama on Bloomberg TV NOW
Replies: 23
Views: 1153

Re: Asness & Fama on Bloomberg TV NOW

Bogle: Quite clear that SCV has performed better over 80+ years (using CRSP data) but there have been long periods of under-performance. Also, (although only a few funds back then) the fund data not as impressive. Moreover, Jack doesn't know but thinks that this SCV advantage will be arbitraged away.
by matjen
Tue Apr 15, 2014 11:49 am
 
Forum: Investing - Theory, News & General
Topic: Asness & Fama on Bloomberg TV NOW
Replies: 23
Views: 1153

Re: Asness & Fama on Bloomberg TV NOW

Bogle makes a great backhanded compliment of Blackston'e balanced hedge fund. He defends them and giggles when he says "they have done almost as well as our Wellington."
by matjen
Tue Apr 15, 2014 11:41 am
 
Forum: Investing - Theory, News & General
Topic: Asness & Fama on Bloomberg TV NOW
Replies: 23
Views: 1153

Re: Jack on Bloomberg Today...

On now
by matjen
Tue Apr 15, 2014 11:33 am
 
Forum: Investing - Theory, News & General
Topic: Jack on Bloomberg Today...
Replies: 12
Views: 1643

Re: Asness & Fama on Bloomberg TV NOW

Shiller & Asness: Recommends DFA and their general strategy as long as ER not too high. Agrees that investors should be mostly be passive, diversified, and tilt toward anomalies including value*.

*This is mostly Asness summarizing and giving Shiller the opportunity to edit.
by matjen
Tue Apr 15, 2014 11:14 am
 
Forum: Investing - Theory, News & General
Topic: Asness & Fama on Bloomberg TV NOW
Replies: 23
Views: 1153

Re: SCV premium is a history/math story, its not scientific

However, how much is their opinion on the small and value story tainted by the fact that they get paid a lot of money to construct complicated slice and dice portfolios for clients that provide higher returns for less risk? If you were a wealthy client and walked into their firms and were told to p...
by matjen
Tue Apr 15, 2014 11:01 am
 
Forum: Investing - Theory, News & General
Topic: SCV premium is a history/math story, its not scientific
Replies: 46
Views: 2272

Re: Asness & Fama on Bloomberg TV NOW

Bogle on next.
by matjen
Tue Apr 15, 2014 10:54 am
 
Forum: Investing - Theory, News & General
Topic: Asness & Fama on Bloomberg TV NOW
Replies: 23
Views: 1153

Re: Asness & Fama on Bloomberg TV NOW

Asness: On the Academic/Quantitative side of investing value investing and momentum investing have worked the best. Combining them even better.
by matjen
Tue Apr 15, 2014 10:52 am
 
Forum: Investing - Theory, News & General
Topic: Asness & Fama on Bloomberg TV NOW
Replies: 23
Views: 1153

Re: Asness & Fama on Bloomberg TV NOW

Yeah this is great stuff. I love Asness because he can go into the weeds with anyone intellectually in finance and he is able to communicate the basic principles to retail investors. While typing this they both just flat out said no one can time the market. The word "baloney" was used. Als...
by matjen
Tue Apr 15, 2014 10:43 am
 
Forum: Investing - Theory, News & General
Topic: Asness & Fama on Bloomberg TV NOW
Replies: 23
Views: 1153

Asness & Fama on Bloomberg TV NOW

http://www.bloomberg.com/tv/

I hear Shiller and Bogle will be or were on as well. Hope to have video.
by matjen
Tue Apr 15, 2014 10:32 am
 
Forum: Investing - Theory, News & General
Topic: Asness & Fama on Bloomberg TV NOW
Replies: 23
Views: 1153

Re: DIY Heavy P/B SV Tilting - When to Abandon?

Hi Cruick, Although I can't answer your direct question, I want to make sure you are aware of Robert T's contributions to the forum. He has put together factor-loaded portfolios using DFA and available ETF alternatives and they track very, very closely. If you are stuck with only the offerings of a ...
by matjen
Mon Apr 14, 2014 9:25 am
 
Forum: Investing - Theory, News & General
Topic: DIY Heavy P/B SV Tilting - When to Abandon?
Replies: 2
Views: 277

Re: How can "value beats growth" be a rule?

Steve you just can't take what Bill wrote in a 99 cent ebook aimed at 22 year old beginners and claim that there isn't a value premium. Not true at all. Bernstein's last book, "An Investor's Manifesto", covered some advanced topics and recommended a three fund portfolio. The paperback is ...
by matjen
Mon Apr 14, 2014 8:20 am
 
Forum: Investing - Theory, News & General
Topic: How can "value beats growth" be a rule?
Replies: 21
Views: 1357

Re: SCV premium is a history/math story, its not scientific

I don't think there is any expectant harm with SCV tilt to some extent, but if you put all your eggs in the SCV basket, say I dunno 30 TIP 70 SCV, or whatever, you are more likely to lose out I posit, versus someone who is traditionally diversified. Phew! I was getting worried there for a minute. G...
by matjen
Mon Apr 14, 2014 8:12 am
 
Forum: Investing - Theory, News & General
Topic: SCV premium is a history/math story, its not scientific
Replies: 46
Views: 2272

Re: How can "value beats growth" be a rule?

I believe, in later years, that that's exactly what Dr. Bernstein said people did - that there was no longer a value premium. Note that his newer books recommend total market portfolios. He's a regular poster here, so perhaps he'll respond (or you can PM him). This is wrong. Although I welcome any ...
by matjen
Sun Apr 13, 2014 4:25 pm
 
Forum: Investing - Theory, News & General
Topic: How can "value beats growth" be a rule?
Replies: 21
Views: 1357

Re: Can I get some alpha? (DFA / Wealthfront)

matjen, reread your post and guilty as charged :oops: I'm in the middle of reading "Thinking Fast and Slow" so I'll use those paradigms in my defense. My System 1 (the fast one) reacted as follows. I saw Nisi's name and the fact that he is a DFA skeptic. Both of these give him instant cre...
by matjen
Sun Apr 13, 2014 9:22 am
 
Forum: Investing - Theory, News & General
Topic: Can I get some alpha? (DFA / Wealthfront)
Replies: 58
Views: 2965

Re: Bernstein "blasts financial industry, backs 3-fnd portfo

Bill Bernstein wrote:Hah! Nice try.

I try to absent myself from the DFA vs. Vanguard food fight. Both are fine companies: that's my story, and I'm stickin' to it.

Bill


Drat! You are on to me. And, of course, I agree with your "story."
by matjen
Sat Apr 12, 2014 4:16 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein "blasts financial industry, backs 3-fnd portfolio"
Replies: 15
Views: 3849

Re: Bernstein "blasts financial industry, backs 3-fnd portfo

Bill we are having a friendly discussion about this topic and your thoughts on VG and DFA in this thread if you feel like chiming in. I think some may believe that your eBook aimed at young'ins out of college with its sage advice applies to the typical DFA or VG discussion.http://www.bogleheads.org/...
by matjen
Sat Apr 12, 2014 2:14 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein "blasts financial industry, backs 3-fnd portfolio"
Replies: 15
Views: 3849

Re: Can I get some alpha? (DFA / Wealthfront)

I see how it is BigJohn. I use the church metaphor and Bill Miller as an example in this thread and you disagree with me. Nisi steals all my material ;-) and you thank him! Lol.
by matjen
Sat Apr 12, 2014 2:00 pm
 
Forum: Investing - Theory, News & General
Topic: Can I get some alpha? (DFA / Wealthfront)
Replies: 58
Views: 2965

Re: Can I get some alpha? (DFA / Wealthfront)

I must say I do not understand the persistence of comments and articles that contain the premise that investing with DFA is somehow like investing with Vanguard. Reread this thread and have read many others much the same (long time lurker) and would summarize what I've heard about DFA as follows 1)...
by matjen
Sat Apr 12, 2014 10:45 am
 
Forum: Investing - Theory, News & General
Topic: Can I get some alpha? (DFA / Wealthfront)
Replies: 58
Views: 2965

Re: Can I get some alpha? (DFA / Wealthfront)

Note that this excludes any DFA advisor fee layer. Any performance difference between these two funds over the next 10 years will, by definition, be due to the performance of the companies they're composed of. And nobody has the slightest idea which set of companies will do better. Well I can't arg...
by matjen
Fri Apr 11, 2014 5:04 pm
 
Forum: Investing - Theory, News & General
Topic: Can I get some alpha? (DFA / Wealthfront)
Replies: 58
Views: 2965

Re: Schwab Fundamental Index Funds

Sam Lee wrote an article on the Schwab Fundamental ETFs a couple weeks back. Here is a link via the Fidelity site: A Better Fundamental Index http://research2.fidelity.com/fidelity/commentary/article.asp?dockey=1514-640658-4HA6U8FID5N453JQ3NV8EGFRPF I switched from Schwab's regular market cap Total ...
by matjen
Fri Apr 11, 2014 12:17 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Fundamental Index Funds
Replies: 11
Views: 1337

Re: Can I get some alpha? (DFA / Wealthfront)

...So it's exactly like the active manager that was generating alpha with a small fund, got famous, had an explosion of cash in-flows, and suddenly found himself tracking his benchmark. DFA funds are not index funds at all - read their objectives. Note the performance of DFA vs Vanguard in my post ...
by matjen
Thu Apr 10, 2014 10:03 pm
 
Forum: Investing - Theory, News & General
Topic: Can I get some alpha? (DFA / Wealthfront)
Replies: 58
Views: 2965

Re: Can I get some alpha? (DFA / Wealthfront)

Hard to see any advantages here. If you could get DFA without extra fees, then you would have essentially the same product as Vanguard. If you paid any extra fees, then they would subtract from the DFA returns. Yes, as I mentioned in another thread, DFA may actually have been able to generate some ...
by matjen
Thu Apr 10, 2014 5:36 pm
 
Forum: Investing - Theory, News & General
Topic: Can I get some alpha? (DFA / Wealthfront)
Replies: 58
Views: 2965

Re: Rebalancing the whys and hows of it

Bobcat One year or even two of returns say 5 or 6% away from your base assumption likely would not change the outcomes of MCS very much, more noise than anything else. However a year like last year does matter. Best wishes Larry The way my mind/instinct works, much of this doesn't matter until you ...
by matjen
Thu Apr 10, 2014 9:39 am
 
Forum: Investing - Theory, News & General
Topic: Rebalancing the whys and hows of it
Replies: 25
Views: 2284

Re: emerging markets should they be in your portfolio

Thanks as always Larry. I have a nice dose of VSS and DFA WORLD EX US TARGETED VALUE PORT INS (DWUSX). Due to trading costs the ongoing contributions are to Schwab's EMG MKT ETF (SCHE). Once I have a fair amount in there I plan on converting it over to DWUSX. Perhaps once a year or so. EDIT: I shoul...
by matjen
Thu Apr 10, 2014 9:32 am
 
Forum: Investing - Theory, News & General
Topic: emerging markets should they be in your portfolio
Replies: 14
Views: 1507

Justin Fox/John Campbell Review of the 2013 Econ Nobels

I thought the Bogleheads would find this article and the referenced paper interesting. The Paper can get very technical but there is still some interesting things in there for folks like me. http://blogs.hbr.org/2014/04/why-those-guys-won-the-economics-nobels/ "It turns out, though, that there ...
by matjen
Thu Apr 10, 2014 9:25 am
 
Forum: Investing - Theory, News & General
Topic: Justin Fox/John Campbell Review of the 2013 Econ Nobels
Replies: 0
Views: 126

Re: The Quest for Alpha

In an Econtalk podcast Gene Fama claimed that you need very few active participants as I recall.
by matjen
Thu Apr 03, 2014 8:27 pm
 
Forum: Investing - Theory, News & General
Topic: The Quest for Alpha
Replies: 4
Views: 516

Robert T is MIA

I have noticed that all-star board member Robert T hasn't posted in a couple months. Hope everything is well with him and that this is just temporary. One of my favorites.
by matjen
Wed Mar 26, 2014 8:55 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Robert T is MIA
Replies: 2
Views: 961

Latest SPIVA Scorecard is now out

It can be found in its entirety here. http://us.spindices.com/resource-center ... eadership/

I am sure Rick, Larry, Vanguard, etc. will be writing up some brief reviews. As you would expect, continued bad news for active managers.
by matjen
Thu Mar 20, 2014 6:52 pm
 
Forum: Investing - Theory, News & General
Topic: Latest SPIVA Scorecard is now out
Replies: 6
Views: 906

Re: Bit of update on CCF

Thanks for the update Larry. In your books I believe you suggest 5-10% of total equity allocation for CCF. Is that what you still feel is appropriate?
by matjen
Wed Mar 19, 2014 6:43 pm
 
Forum: Investing - Theory, News & General
Topic: Bit of update on CCF [Collateralized Commodity Futures]
Replies: 10
Views: 1054

Re: Best smartphone in 2014?

They'll be a couple new iPhone models out this summer with larger screens. The current ones will be chucked by the millions, so they will be pretty cheap then. Besides, once you've used a phone with a larger screen you'll never want one sized like the iPhone again . Not saying you have to get a pha...
by matjen
Wed Mar 19, 2014 6:33 pm
 
Forum: Personal Consumer Issues
Topic: Best smartphone in 2014?
Replies: 38
Views: 2242

Re: What's your dream car?

So - thoughts on the GTI, or late-model Subarus? Other noteworthy hatches? If you are looking for hatchback functionality, sporty performance, AWD, and are willing to spend a bit more than a GTI, I would seriously consider a BMW X1. I'm looking at them closely now. They can be bought in the low 30s...
by matjen
Mon Mar 17, 2014 10:55 pm
 
Forum: Personal Consumer Issues
Topic: What's your dream car?
Replies: 177
Views: 8959
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