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Re: What Movie Have You Recently Watched?

Hobbit Part 3. I really have severe reservations about the whole trilogy. It should never have been a trilogy in the first place. It's difficult to swallow the changes from the book for someone who owns a copy of the 2nd ed. of the original. Nonetheless the visuals based on the work of Alan Lee mad...
by matjen
Sun Jan 25, 2015 12:03 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 462
Views: 54198

Re: GAA ETF - a Global Asset Allocation

Here is a brief write up on GAA. Cambria Global Asset Allocation ETF http://www.thinkadvisor.com/2015/01/22/fabers-no-fee-etf-and-why-asset-allocation-doesnt "That is to say, the fund, per its name, invests in a wide gamut of assets including domestic and foreign stocks, bonds, real estate, com...
by matjen
Sun Jan 25, 2015 11:54 am
 
Forum: Investing - Theory, News & General
Topic: GAA ETF - a Global Asset Allocation
Replies: 17
Views: 1229

Asness - The Small-Firm Effect Is Real, and It’s Spectacular

Another Cliff's Perspective for the forum to digest. https://www.aqr.com/cliffs-perspective/the-small-firm-effect-is-real-and-its-spectacular "Does size matter? Certainly in financial markets, many researchers have questioned whether it does. In a new paper, we resurrect the size premium and re...
by matjen
Fri Jan 23, 2015 12:57 pm
 
Forum: Investing - Theory, News & General
Topic: Asness - The Small-Firm Effect Is Real, and It’s Spectacular
Replies: 41
Views: 3922

Re: An alternative to alternative investments [QSPIX]

Any idea if fees were accounted for in that backrest? Directly from the second link: "The returns are then discounted by conservative estimates of transaction costs and the fund’s expense ratio. This adjusted data, in my opinion, gives us the best insight about what to expect going forward.&qu...
by matjen
Wed Jan 21, 2015 10:11 am
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 257
Views: 29836

Re: An alternative to alternative investments [QSPIX]

I have read this thread with some interest since it seems to represent a paradigm shift from normal BH thinking. I have looked at the advisor website and the fund information. Is it correct to somewhat simply state that this fund purports to hedge risk and try to maximize return across a broad swat...
by matjen
Mon Jan 19, 2015 1:02 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 257
Views: 29836

Re: An alternative to alternative investments [QSPIX]

I agree with gw's comment above. Moreover, folks probably ought to be thinking in terms of an ER of 2.11%, not 1.5%. In just over 3 months, ie. this April 30th, the 1.50% "Expense Cap" expires and net expenses, currently calculated at 2.11%, should prevail, assuming I'm interpreting the f...
by matjen
Mon Jan 19, 2015 12:56 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 257
Views: 29836

Re: Larry's New Book On Sale

I just ordered it and looking forward to reading it soon.
by matjen
Sat Jan 17, 2015 10:04 am
 
Forum: Investing - Theory, News & General
Topic: Larry's New Book On Sale
Replies: 10
Views: 1748

Re: Tobias Moskowitz on value and momentum

Thank you for posting the video Robert. I had not seen it before. Good stuff.
by matjen
Sat Jan 17, 2015 9:32 am
 
Forum: Investing - Theory, News & General
Topic: Tobias Moskowitz on value and momentum
Replies: 19
Views: 2078

DFA's David Booth on Bloomberg - Video

I recently stumbled upon this brief interview of David Booth from December. Pretty good stuff on indexing, efficient markets, liability matching, investing philosophy, etc.

http://www.bloomberg.com/video/index-in ... UEoaQ.html
by matjen
Fri Jan 16, 2015 12:10 pm
 
Forum: Investing - Theory, News & General
Topic: DFA's David Booth on Bloomberg - Video
Replies: 0
Views: 182

Re: An alternative to alternative investments [QSPIX]

^Good points Robert. It is better to have negative correlation than 0 correlation. However, being a 100% equity guy I have not added any bonds as they lower expected return as one incrementally adds them to a portfolio. That is, one pays the price for safety. QSPIX is interesting because it looks l...
by matjen
Thu Jan 15, 2015 6:53 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 257
Views: 29836

Re: An alternative to alternative investments [QSPIX]

Another interesting point to consider when comparing QSPIX to a large beta fund like VTI is that VTI has sort of killed it since QSPIX started (though not as much as QSPIX :D ) I took gold off and added Total World Stock VT to the list rather than just US Total...now take a look at that comparison. ...
by matjen
Wed Jan 14, 2015 3:04 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 257
Views: 29836

Re: An alternative to alternative investments [QSPIX]

matjen wrote: What exactly does QSPIX have to do to "show" you? As Robert pointed out, comparing it to VTI or VXUS is a straw man. Sure is doing well compared to what Morningstar believes are its bogeys and compared to Vanguard's Market Neutral Fund. Also, when everything else went down i...
by matjen
Wed Jan 14, 2015 9:05 am
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 257
Views: 29836

Re: We miss Larry Swedroe

I am certainly a Swedroe fan and although I can find his blog posts/articles easily and have a few of his books, I really enjoy when he engages on the forum and look forward to his return. Same goes for Rick and the others.
by matjen
Sun Jan 11, 2015 11:02 pm
 
Forum: Investing - Theory, News & General
Topic: We miss Larry Swedroe
Replies: 28
Views: 7420

Re: What Book Are You Currently Reading? Part VI

I'm reading "The Moral Case for Fossil Fuels" by Alex Epstein. A good overview: http://wmbriggs.com/blog/?p=13701

Also, listening to the first Jack Reacher book in my car. "Killing Floor" by Lee Child.
by matjen
Sat Jan 10, 2015 3:28 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 436
Views: 56491

Re: WHY is retirement enjoyable / something to look forward

I fear being massively bored, and I love solving problems, and quite frankly, the level of problems one has to solve as retiree or small company owner isn't comparable to being in charge of 100+ people and running a division of a megacorp. Fear of boredom is not an attribute of a sophisticated mind...
by matjen
Sat Jan 10, 2015 10:12 am
 
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 237
Views: 20022

Re: Vanguard and DFA #1 & #2 Fund Inflows

EmergDoc wrote:No surprise for Vanguard. But DFA # 2? I'm impressed.


I will say the spread between Vanguard and DFA in total dollars is enormous. So a distant, distant, distant second. Doesn't say much for the rest of the industry.
by matjen
Mon Jan 05, 2015 11:15 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard sets record funds inflow, has $3.1 trillion assets
Replies: 39
Views: 2845

Vanguard sets record funds inflow, has $3.1 trillion assets

[Thread merged into here, see below. --admin LadyGeek] This was just added to the WSJ web site. http://www.wsj.com/articles/vanguard-sets-record-funds-inflow-1420430643?mod=WSJ_hp_LEFTTopStories Vanguard Sets Record Funds Inflow Investors Gave Stock Pickers a Vote of No Confidence in 2014 Investors...
by matjen
Sun Jan 04, 2015 11:57 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard sets record funds inflow, has $3.1 trillion assets
Replies: 39
Views: 2845

Re: Bogleheads 2015 Hedge Fund Contest

Fund Name: Yacht Payments Partners

Long
Exxon Mobil Corporation (XOM)
Microsoft (MSFT)
Chevron Corporation (CVX)

Short:
TSLA - (TSLA)
Verizon (VZ)
by matjen
Sun Jan 04, 2015 9:20 am
 
Forum: Investing - Theory, News & General
Topic: Bogleheads 2015 Hedge Fund Contest
Replies: 112
Views: 9748

Re: What Car is Best?

I drink beer (or eat sushi) with them every few weeks. Sushi!?! Every few weeks!?! Today, in Chicago, you can get a Burger King Hamburger for $1. Or, you can go out and easily find a usually fraudulent food protein utility for 10-25 times the price. It's very hard, I believe, to go out and find a c...
by matjen
Sat Jan 03, 2015 9:06 am
 
Forum: Personal Consumer Issues
Topic: What Car is Best?
Replies: 73
Views: 6275

Re: 2015 BOGLEHEAD CONTEST REGISTRATION

I'm going with 2160. Feels about right...
by matjen
Fri Jan 02, 2015 8:50 am
 
Forum: Investing - Theory, News & General
Topic: 2015 BOGLEHEAD CONTEST REGISTRATION
Replies: 556
Views: 19735

Re: 2014 BOGLEHEAD CONTEST WINNER

congratulations FinancialDave!
by matjen
Thu Jan 01, 2015 2:39 am
 
Forum: Investing - Theory, News & General
Topic: 2014 BOGLEHEAD CONTEST WINNER
Replies: 23
Views: 2438

Re: What do you drive, and why?

I sense someone is afraid to "admit" they own a Lexus. Amirite? I own 2 Lexus SUVs. Many people on the forum already know that. I gave my 1998 Lexus GS400 (with 210,000 CITY miles) to my 16 year old nephew this summer. Best car I ever owned. Would have seriously considered the new NX200 (...
by matjen
Wed Dec 31, 2014 6:32 pm
 
Forum: Personal Consumer Issues
Topic: What do you drive, and why?
Replies: 190
Views: 15514

Re: What do you drive, and why?

I drive an SUV with about 50K miles. I bought it when it was 4 years old in 2014. I drive it because It was easy to buy with no hassles and no thinking. It allows me to drive on mildly flooded roads filled with debris from hurricanes. It allows me to jump curbs and go around big obstacles. It is ex...
by matjen
Wed Dec 31, 2014 6:24 pm
 
Forum: Personal Consumer Issues
Topic: What do you drive, and why?
Replies: 190
Views: 15514

Re: Best albums from 2014?

Good list. I would add: Spoon – They Want My Soul (rock/pop) FKA twigs – LP1 (trip hop modern R&B or whatever the kids call it) https://www.youtube.com/watch?v=3yDP9MKVhZc I haven't listened to the Spoon album. I will check it out. I listened to FKA Twigs for a while. I liked the "Lights O...
by matjen
Wed Dec 31, 2014 6:05 pm
 
Forum: Personal Consumer Issues
Topic: Best albums from 2014?
Replies: 61
Views: 5233

Re: What do you drive, and why?

Looks like gator15 and I have similar tastes/desires/needs. I like smaller vehicles that handle very well and have good throttle response. As I have aged I have begun to care much more about the tech in the cars so things like NAV, bluetooth, stereo, etc. 2003 Porsche Boxster S - because it is a cla...
by matjen
Wed Dec 31, 2014 6:01 pm
 
Forum: Personal Consumer Issues
Topic: What do you drive, and why?
Replies: 190
Views: 15514

Re: Best albums from 2014?

Good list. I would add:

Spoon – They Want My Soul (rock/pop)
FKA twigs – LP1 (trip hop modern R&B or whatever the kids call it) https://www.youtube.com/watch?v=3yDP9MKVhZc
by matjen
Wed Dec 31, 2014 5:02 pm
 
Forum: Personal Consumer Issues
Topic: Best albums from 2014?
Replies: 61
Views: 5233

Re: BOGLEHEAD CONTEST -- November 2014

Well, let me enjoy these few seconds 1 cfs 2076.44 0.56 In first place, at least for a couple of seconds !!! WHOOOSH! You jinxed yourself? :D Screw my portfolio, I need the S&P to drop another 3 points so I can receive my fame and glory. Those producers at CNBC and Bloomberg are going to be all...
by matjen
Wed Dec 31, 2014 4:31 pm
 
Forum: Investing - Theory, News & General
Topic: BOGLEHEAD CONTEST -- November 2014
Replies: 41
Views: 5559

Re: BOGLEHEAD CONTEST -- November 2014

Well, let me enjoy these few seconds 1 cfs 2076.44 0.56 In first place, at least for a couple of seconds !!! WHOOOSH! You jinxed yourself? :D Screw my portfolio, I need the S&P to drop another 3 points so I can receive my fame and glory. Those producers at CNBC and Bloomberg are going to be all...
by matjen
Wed Dec 31, 2014 3:17 pm
 
Forum: Investing - Theory, News & General
Topic: BOGLEHEAD CONTEST -- November 2014
Replies: 41
Views: 5559

Re: TLH vxus

I would think so. I didn't double check but if it is just the mutual fund version of the ETF then too close for comfort. Just buy VEU or iShares Core MSCI Total Intl IXUS
by matjen
Wed Dec 31, 2014 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: TLH vxus
Replies: 7
Views: 412

Re: What Car is Best?

I would vote for the Honda Accord Hybrid. Top of the Accord line, has a technology gee-whiz factor, and incredibly efficient. Only real drawback is that there isn't a rear seat pass through or fold down option because of the battery. It is still pretty spacious however. http://automobiles.honda.com...
by matjen
Tue Dec 30, 2014 5:04 pm
 
Forum: Personal Consumer Issues
Topic: What Car is Best?
Replies: 73
Views: 6275

Re: What Car is Best?

I would vote for the Honda Accord Hybrid. Top of the Accord line, has a technology gee-whiz factor, and incredibly efficient. Only real drawback is that there isn't a rear seat pass through or fold down option because of the battery. It is still pretty spacious however. http://automobiles.honda.com/...
by matjen
Tue Dec 30, 2014 4:50 pm
 
Forum: Personal Consumer Issues
Topic: What Car is Best?
Replies: 73
Views: 6275

Re: BMW X3 vs Audi Q5

BMW has brought over the X1 because the X3 has gotten larger. if your current X3 suits your requirements from a size perspective then i would take a hard look at a X1. It will be the same size and 8k less. you get their new 4 cylinder turbo engine and the same 8 speed transmission they put in their ...
by matjen
Mon Dec 29, 2014 7:56 pm
 
Forum: Personal Consumer Issues
Topic: BMW X3 vs Audi Q5
Replies: 30
Views: 3491

Swedroe on Tax Loss Harvesting

There have been a few threads on end of year Tax Loss Harvesting so I thought that this recent article from Larry Swedroe would be useful to many. I don't believe it has been posted as of yet. http://www.etf.com/sections/index-investor-corner/swedroe-tax-mgmt-year-round-job "I was asked recentl...
by matjen
Mon Dec 29, 2014 5:48 pm
 
Forum: Investing - Theory, News & General
Topic: Swedroe on Tax Loss Harvesting
Replies: 6
Views: 1653

Re: Faking your way through sports small talk

I'm having a hard time believing this is such a big deal for some. Spend 5 minutes on espn.com every day if it really is. That will give you the basics of what is going on. Like others here, I too have become less interested in the day-to-day of major US sports as I have aged. But I can cover the ba...
by matjen
Mon Dec 29, 2014 5:07 pm
 
Forum: Personal Consumer Issues
Topic: Faking your way through sports small talk
Replies: 34
Views: 1851

Re: Tax Harvesting Loss

How about IXUS. http://portfolios.morningstar.com/fund/ ... ture=en-US

If you have your money at Fidelity there is no fee to buy and sell iShares ETFs
by matjen
Fri Dec 26, 2014 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Harvesting Loss
Replies: 4
Views: 292

Re: Asness response to value redundancy

In this video Fama and Asness both say that they would tilt toward value. Whole video is great but part I am referencing starts around 8 minutes. Asness: "Both the Professor and I, I believe would tilt toward value stocks." Fama "That's true." http://www.bloomberg.com/video/prof...
by matjen
Fri Dec 26, 2014 7:59 am
 
Forum: Investing - Theory, News & General
Topic: Asness response to value redundancy
Replies: 47
Views: 5218

Re: Asness response to value redundancy

In this video Fama and Asness both say that they would tilt toward value. Whole video is great but part I am referencing starts around 8 minutes. Asness: "Both the Professor and I, I believe would tilt toward value stocks." Fama "That's true." http://www.bloomberg.com/video/profe...
by matjen
Thu Dec 25, 2014 10:30 pm
 
Forum: Investing - Theory, News & General
Topic: Asness response to value redundancy
Replies: 47
Views: 5218

Re: What "actively" manged funds do you own?

Baird Intermediate Muni Bond Inst - BMBIX
by matjen
Sat Dec 20, 2014 7:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: What "actively" managed funds do you own?
Replies: 82
Views: 4796

Re: An alternative to alternative investments [QSPIX]

Phew! That makes sense. Yes, in an IRA. There was no notification in my account view which seems odd to me. Perhaps my imagination but usually the fund is highlighted when that happens. Either way, thanks for setting me straight. Edit: Now, Saturday 12/20, Fidelity actually marks the position and pr...
by matjen
Fri Dec 19, 2014 7:28 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 257
Views: 29836

Re: An alternative to alternative investments [QSPIX]

I hope someone fat fingered something but my Fidelity account is showing QSPIX down 11.04% today! Ugh, Schwab as well. :annoyed
by matjen
Fri Dec 19, 2014 7:12 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 257
Views: 29836

Re: Relocating to Florida - Need some advice

I have always enjoyed my visits to Florida but it does have a reputation...

http://floridamanandwoman.tumblr.com/
by matjen
Fri Dec 19, 2014 9:31 am
 
Forum: Personal Consumer Issues
Topic: Relocating to Florida - Need some advice
Replies: 36
Views: 2848

Re: Another Great Asness/AQR Blog Post - Perspective

The paper is back up on the AQR site. I haven't read it again but note that it said "(Corrected December 12, 2014)" so there were likely some small changes made I am guessing.

https://www.aqr.com/cliffs-perspective/ ... e-long-run
by matjen
Sat Dec 13, 2014 2:28 pm
 
Forum: Investing - Theory, News & General
Topic: Another Great Asness/AQR Blog Post - Perspective
Replies: 38
Views: 2759

Cochrane Blog - Level, Slope and Curve for Stocks-FF/Factors

I honestly don't quite follow this since it appears it is begging the question but I am sure the factor experts/junkies on the board will be interested in this Cochrane blog and the paper it is about. http://johnhcochrane.blogspot.com/2014/12/level-slope-and-curve-for-stocks.html?spref=tw "Char...
by matjen
Thu Dec 11, 2014 9:54 am
 
Forum: Investing - Theory, News & General
Topic: Cochrane Blog - Level, Slope and Curve for Stocks-FF/Factors
Replies: 1
Views: 383

Another Great Asness/AQR Blog Post - Perspective

[I merged two threads on the same article here - admin alex] This is as great blog post that gives newbie and long term investors alike some important perspective. https://www.aqr.com/cliffs-perspective/efficient-frontier-theory-for-the-long-run "Basically, we know a lot more about volatility ...
by matjen
Thu Dec 11, 2014 8:40 am
 
Forum: Investing - Theory, News & General
Topic: Another Great Asness/AQR Blog Post - Perspective
Replies: 38
Views: 2759

Re: Bogleheads.com and FPL Capital Management

We don't already own Bogleheads.com? I do know the FPL guys, and they are good guys (DFA/Vanguard portfolio management for a flat $1K a year). However, I don't think they thought this decision through very well. If administrators would like me to talk to them to assist in the transfer of the domain...
by matjen
Sun Dec 07, 2014 9:19 am
 
Forum: Forum Issues and Administration
Topic: Bogleheads.com and FPL Capital Management
Replies: 30
Views: 3540

Re: Is it safe to leave Laptop in hotel room

^+1 Having said that, I would add that much would depend on where you are going and what level of hotel. For the past 20+ years there have been millions of road warriors (various consultant types, etc.) that travel with laptops and tablets and routinely leave them in hotel rooms. For the past 5-10 a...
by matjen
Sat Dec 06, 2014 12:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is it safe to leave Laptop in hotel room
Replies: 65
Views: 13880

Re: "Small-Cap Performance Edge on the Wane"

Thanks for answering. My work doesn't have the DFA fund available. That said, having to use an advisor rules me out. A few very important things to add. 1) If you are only looking for domestic SCV then there is really no need to go with DFA. I love DFA but the factor gurus on this board (Robert T.,...
by matjen
Sat Dec 06, 2014 7:49 am
 
Forum: Investing - Theory, News & General
Topic: "Small-Cap Performance Edge on the Wane"
Replies: 99
Views: 7317

Re: "Small-Cap Performance Edge on the Wane"

This goes to what BigJohn wrote as well. "As a result, I don't think the ERP needs past data to support that it exists while tilts are totally reliant on past data for their existence." No, No they aren't as Grap easily showed with forward returns not to mention the risk and behavioral st...
by matjen
Fri Dec 05, 2014 8:00 pm
 
Forum: Investing - Theory, News & General
Topic: "Small-Cap Performance Edge on the Wane"
Replies: 99
Views: 7317

Re: Long-short funds like QSPIX and regulations?

Nisi I think you want to buy a little bit of QSPIX! All the cool kids have a taste. 8-)
by matjen
Fri Dec 05, 2014 7:15 pm
 
Forum: Investing - Theory, News & General
Topic: Long-short funds like QSPIX and regulations?
Replies: 9
Views: 710

Re: "Small-Cap Performance Edge on the Wane"

We were discussing the failure of the "small-cap" premium over the 30 years following Banz's paper. But we're reminded that like the "Dogs of the Dow", when the original strategy wasn't working, they changed the story... Now the premium is only in "small-cap value"... ...
by matjen
Fri Dec 05, 2014 9:27 am
 
Forum: Investing - Theory, News & General
Topic: "Small-Cap Performance Edge on the Wane"
Replies: 99
Views: 7317
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