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Re: Creative Planning Inc?

Mike, I'd love to know the investment company that charges .37?? Would you feel ok sharing? thank you ORatz, there are several extremely good financial planners/investment professionals who frequent this board and provide great value for the money if it is a service you need or feel comfortable wit...
by matjen
Fri May 24, 2013 9:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Creative Planning Inc?
Replies: 26
Views: 912

Re: Creative Planning Inc?

ORatz wrote:Not sure how you get 20% but I believe you. I imagine it includes underlying fund fees too.


The trick is to not look at 1% of your total but what is the 1% removed from the actual return you make moving forward. Realistically you may make 5% let's say. Now take 20% of that away for fees, etc.
by matjen
Thu May 23, 2013 8:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Creative Planning Inc?
Replies: 26
Views: 912

Re: Need opinions about my broker's strategy

His expertise is supposedly in options strategies - he claims that the goal isn't to make the portfolio last, but to generate more than enough income from the nest egg to live on. He claims that he uses the same strategies for both his own and his children's portfolios, and I have no reason to doub...
by matjen
Thu May 23, 2013 8:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Need opinions about my broker's strategy
Replies: 44
Views: 1880

Re: Alternatives to DFA funds

DISVX - WisdomTree International SmallCap Div (DLS)
DFCEX - Vanguard FTSE Emerging Markets ETF (VWO) or Wisdom Tree Emerging Markets Small Cap Div (DGS)

Or perhaps Vanguard VSS for a rough approximation of both
by matjen
Thu May 23, 2013 7:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Alternatives to DFA funds
Replies: 5
Views: 503

Re: Bad day for REITs

This morning I decided to dump all my REITs which is held in a 401(k). Based decision on it being a fairly small position (roughly 2-3%) and on really feeling like I just didn't have enough bonds/fixed income (10-11%). William Bernstein's (Wbern)recent post certainly gave me food for thought as well...
by matjen
Wed May 22, 2013 4:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bad day for REITs
Replies: 15
Views: 2226

Re: Should I just fire this Advisor?

Yes. Do it on your own or hire one of the many more reasonable financial advisers out there that will use low cost funds and would never think of a loaded fund.
by matjen
Wed May 22, 2013 2:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I just fire this Advisor?
Replies: 35
Views: 2042

Re: Spotify Mobile: A great deal!

I recently got my first smartphone. I decide to try the Spotify Mobile app. After 2 days, I am hooked. For $10 a month you get access to millions of songs. I highly recommend it for music lovers. $10 a month! Holy moses, I got in pissing matches with people on this forum about the worth of a smartp...
by matjen
Sat May 18, 2013 8:56 am
 
Forum: Personal Consumer Issues
Topic: Spotify Mobile: A great deal!
Replies: 17
Views: 1426

Retiring Wall Street Strategist...Indexing

Preaching to the choir but a fun read regardless: http://www.businessinsider.com/best-investment-advice-2013-5 I think there is some blurring going on where S&P500 = market and all funds compared to that...that aside it is still good when the message gets out and Blodget (yes, that one) details ...
by matjen
Fri May 17, 2013 3:46 pm
 
Forum: Investing - Theory, News & General
Topic: Retiring Wall Street Strategist...Indexing
Replies: 2
Views: 615

Re: The new profitability factor, US and int'l evidence

Thanks, Matjen (I like your Billy Jack avatar). Thank you for giving my Billy Jack Avatar some props. I imagine it as Billy Jack giving some round house kicks to loaded mutual funds. :D I will admit that after trying the AQR fund I thought what the heck, let's see if I can actually place an order f...
by matjen
Thu May 16, 2013 7:57 am
 
Forum: Investing - Theory, News & General
Topic: The new profitability factor, US and int'l evidence
Replies: 167
Views: 7380

Re: The new profitability factor, US and int'l evidence

Thanks, RNJ. Unless I'm missing something, the Fees and Minimums are $1,000,000 for QCENX for initial investment. The top holdings do appear to be many of the usual "quality" suspects in a GMO (and others) sense. How they use Momentum to guide them is another thing. FWIW, Fidelity appears...
by matjen
Wed May 15, 2013 3:28 pm
 
Forum: Investing - Theory, News & General
Topic: The new profitability factor, US and int'l evidence
Replies: 167
Views: 7380

Re: The new profitability factor, US and int'l evidence

[Inflammatory comment removed by admin LadyGeek] Saying something is one thing OverTheHill, proving it is another. Perhaps a little more of an open mind would do you some good. This almost seems like a religious issue for you. I currently have a sliced n'diced n'tilted portfolio that utilizes only ...
by matjen
Wed May 15, 2013 9:14 am
 
Forum: Investing - Theory, News & General
Topic: The new profitability factor, US and int'l evidence
Replies: 167
Views: 7380

Re: The new profitability factor, US and int'l evidence

So Larry, what does this mean for your "Larry/Minimize Fat Tails" Portfolio? Are you going to wait for DFA to improve their funds/screens or are you adding the "growth" funds or is it too early?
by matjen
Tue May 14, 2013 6:52 pm
 
Forum: Investing - Theory, News & General
Topic: The new profitability factor, US and int'l evidence
Replies: 167
Views: 7380

Re: Just One Stock. What do you think?

retiredjg wrote:
matjen wrote:Assuming this is a lot of money it is an absolute no-brainer.

Why?


Well for the reasons you set forth in your (and others) more complete answer it seems to me. If this is a large amount of money then the risk of keeping it is too great relative to the tax pain whether it is 0%, 15%, or 20%.
by matjen
Tue May 14, 2013 11:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Just One Stock. What do you think?
Replies: 25
Views: 1522

Re: Just One Stock. What do you think?

Assuming this is a lot of money it is an absolute no-brainer. You have a concentrated position in one stock that made you a lot of wealth. Fairly lucky and fantastic for you. That is a way to get wealth (though often it doesn't work out). Since it worked out for you the strategy MUST change. The str...
by matjen
Tue May 14, 2013 9:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Just One Stock. What do you think?
Replies: 25
Views: 1522

Re: Just Sold Out. What do you think?

I am not a financial expert, but I look with great skepticism on the numerical all time highs of the markets. How does that make sense with all of the debt crises around the world? Where is this enthusiasm coming from?...Am I crazy? I would guess many had similar thoughts in the early 80s about the...
by matjen
Mon May 13, 2013 5:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just Sold Out. What do you think?
Replies: 95
Views: 6934

Re: "Minimize Fat-Tails" Portfolio Question

That is helpful Larry. Thank you for taking the time.
by matjen
Fri May 10, 2013 12:56 pm
 
Forum: Investing - Theory, News & General
Topic: "Minimize Fat-Tails" Portfolio Question
Replies: 35
Views: 2737

Re: "Minimize Fat-Tails" Portfolio Question

With that in mind investors should be interested in portfolios that cut tail risk, especially if it imposes no costs in terms of expected returns, but even if it did they should logically be willing to pay some "insurance" premium to hedge that risk. (my argument for CCF for example and T...
by matjen
Fri May 10, 2013 10:47 am
 
Forum: Investing - Theory, News & General
Topic: "Minimize Fat-Tails" Portfolio Question
Replies: 35
Views: 2737

Re: 100% equities, anyone?

89 equities/11 bonds with a scv tilt on the equities.

Me 47. Wife 41.
by matjen
Fri May 10, 2013 10:40 am
 
Forum: Investing - Theory, News & General
Topic: 100% equities, anyone?
Replies: 138
Views: 7671

Re: Medical Resident: When Should I Get Disability Insurance

I have sort of the opposite scenario that I have been struggling with. Married an ER Physician about 1.5 years ago and spent the first 6 months straightening out her finances (typical Dr. abuse from insurance salesman). Amazingly, she got the whole life and the loaded crappy mutual funds but didn't ...
by matjen
Thu May 09, 2013 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medical Resident: When Should I Get Disability Insurance
Replies: 80
Views: 2561

Re: NY FED - Are Stocks Cheap a Review of The evidence

larryswedroe wrote:Personally Wise Investing Made Simple is my favorite of my books


Larry it isn't in Kindle format yet. :( I was all ready to buy it and dig right in over lunch.
by matjen
Thu May 09, 2013 10:40 am
 
Forum: Investing - Theory, News & General
Topic: NY FED - Are Stocks Cheap a Review of The evidence
Replies: 9
Views: 795

NY FED - Are Stocks Cheap a Review of The evidence

I thought many bogleheads would enjoy this article/paper from the NY Fed. "We surveyed banks, we combed the academic literature, we asked economists at central banks. It turns out that most of their models predict that we will enjoy historically high excess returns for the S&P 500 for the n...
by matjen
Thu May 09, 2013 7:49 am
 
Forum: Investing - Theory, News & General
Topic: NY FED - Are Stocks Cheap a Review of The evidence
Replies: 9
Views: 795

Re: Managed Acct + Fidelity Porfolios

soylentgreen you are absolutely on the right track. Get out of those funds. More information here regarding simple, efficient portfolio construction and fidelity options.

http://www.bogleheads.org/wiki/Lazy_Portfolios

http://www.bogleheads.org/wiki/Fidelity
by matjen
Tue May 07, 2013 8:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Managed Acct + Fidelity Porfolios
Replies: 16
Views: 853

Re: Grabiner approaching 10,000 posts

Well played Grabiner! :sharebeer
by matjen
Thu May 02, 2013 10:33 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Grabiner approaching 10,000 posts
Replies: 32
Views: 1907

Re: wedding gift - tacky or not ....

Great and thoughtful gift. :!:
by matjen
Tue Apr 30, 2013 7:18 pm
 
Forum: Personal Consumer Issues
Topic: wedding gift - tacky or not ....
Replies: 57
Views: 2670

Re: "Minimize Fat-Tails" Portfolio Question

There is another thread going with some ideas. A few more in the past had some ideas as well.

viewtopic.php?f=1&t=115532&newpost=1682673
by matjen
Tue Apr 30, 2013 6:49 pm
 
Forum: Investing - Theory, News & General
Topic: "Minimize Fat-Tails" Portfolio Question
Replies: 35
Views: 2737

Re: "Minimize Fat-Tails" Portfolio Question

It is obvious that this portfolio is one of the more interesting ones out there and one that often brings up threads and questions. Moreover, Larry is a valued member of the community. I really think it should be in the wiki alongside 3 fund, core 4, etc. One thing I am struggling with (should be an...
by matjen
Mon Apr 29, 2013 1:07 pm
 
Forum: Investing - Theory, News & General
Topic: "Minimize Fat-Tails" Portfolio Question
Replies: 35
Views: 2737

Vanguard drops fees again...VTI, VBR, etc.

More good news. I personally mostly use IJS for small cap value but now Vanguard's VBR has cut its fees in half! IJS is about 3 times more expensive. Very compelling.

https://advisors.vanguard.com/VGApp/iip ... o042013%20
by matjen
Mon Apr 29, 2013 9:28 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard drops fees again...VTI, VBR, etc.
Replies: 1
Views: 627

Re: Meet Mr. Money Mustache, the man who retired at 30

He was an engineer...he no longer does that, has abandoned a definable career path, and is not slave to working 40 hr week to a corporate master... that's his definition of retired. I agree for many or most people, retired means not working at all. That is the rub. People that spend any time at MMM...
by matjen
Sun Apr 28, 2013 8:02 am
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 18575

Re: Can You Ace FINRA's Financial Literacy Quiz?

15 out of 15 and just about as quickly as I could read it except for the margin question. Had to think for a minute. However, I really have an unfair advantage since I passed the Series 7 back in 1990 so I am used to easy "finance" tests that are of little value. 8-)
by matjen
Fri Apr 26, 2013 2:53 pm
 
Forum: Investing - Theory, News & General
Topic: Can You Ace FINRA's Financial Literacy Quiz?
Replies: 111
Views: 4646

Re: Switching iPhone to Android...PITA?

I think ... I think ... My bet ... In my posts in this thread, I've tried to stick to facts (both current and historical) to answer questions and dispute misconceptions and FUD ("Fear, uncertainty, and doubt"). There was quite a bit of it regarding Apple products in this thread. It is ver...
by matjen
Thu Apr 25, 2013 9:24 am
 
Forum: Personal Consumer Issues
Topic: Switching iPhone to Android...PITA?
Replies: 53
Views: 2041

Re: Switching iPhone to Android...PITA?

There seems to be a misconception about Apple's ecosystem and being locked into it. I don't really understand because I don't see it at all. Apple's AAC audio format is not protected and can easily be converted to mp3. Videos are protected but they are protected from any vendor. Maybe someday the D...
by matjen
Thu Apr 25, 2013 7:54 am
 
Forum: Personal Consumer Issues
Topic: Switching iPhone to Android...PITA?
Replies: 53
Views: 2041

Re: Frontline--The Retirement Gamble

My companion and I and a LAUSD teacher were interviewed last fall for this broadcast. While the focus is on 401k plans, they might report some of the 403b costs too because we used 403bs in our working careers. Nice interview Steve. You guys look super happy. Great for you. Congrats. :beer I though...
by matjen
Wed Apr 24, 2013 6:58 pm
 
Forum: Investing - Theory, News & General
Topic: Frontline--The Retirement Gamble
Replies: 291
Views: 25534

Re: Switching iPhone to Android...PITA?

If you use iTunes seriously for your music then Double-Twist is an excellent Android alternative. You can still use iTunes and this syncs it to your Android devices.

http://reviews.cnet.com/software/double ... 03363.html
by matjen
Wed Apr 24, 2013 11:32 am
 
Forum: Personal Consumer Issues
Topic: Switching iPhone to Android...PITA?
Replies: 53
Views: 2041

Re: what a physicist can teach us about markets

I absolutely loved this book. Many interesting life stories as well as finance stories are covered. What I found interesting is that a few of these quant-types were/are big believers in their ability to beat the market and provide alpha. They generally have the returns to prove it. Of course, they w...
by matjen
Thu Apr 18, 2013 9:52 pm
 
Forum: Investing - Theory, News & General
Topic: what a physicist can teach us about markets
Replies: 12
Views: 1770

Re: Help me manage a $7 million portfolio.

Thanks for the replies once again. I'll probably give Rick Ferri a call; he only charges .20% on AUM > 3 million. Do you guys think that should my family choose him (or someone like him), we should only keep the money there for the first year, so that the portfolio is set up and then I can manage t...
by matjen
Wed Apr 17, 2013 7:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me manage a $7 million portfolio.
Replies: 83
Views: 6386

Re: Any experience with Sonos sound system?

Have had Sonos for 7 years or so. Fantastic solution. There are similar things out there but none as elegantly put together from the software to the support to the hardware. If you have the budget for it then it is a no brainer.
by matjen
Wed Apr 17, 2013 11:11 am
 
Forum: Personal Consumer Issues
Topic: Any experience with Sonos sound system?
Replies: 23
Views: 2050

Re: Help me manage a $7 million portfolio.

BolderBoy beat me to the punch. There is a some great advice her so I won't go through the investing piece. It is the process and posture that I wish to comment on. 1) Get a full time adviser to START. Ferri, Swedroe, Roth, etc. Make it clear that this isn't expected to be a long term relationship. ...
by matjen
Tue Apr 16, 2013 11:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me manage a $7 million portfolio.
Replies: 83
Views: 6386

Re: harvard med school vs. penn med+full tuition scholarship

I think you should pay the $200k and go to Harvard. When I picked the doctor to do my colonoscopy I chose the Harvard man. I just spit my wine out all over my screen. I think this was meant as sarcasm. At least I took it that way and found it hilarious! OP, congratulations on the fine options you h...
by matjen
Mon Apr 15, 2013 7:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: harvard med school vs. penn med+full tuition scholarship
Replies: 107
Views: 6830

Re: Is today a RBD [Really Bad Day]

livesoft wrote:My Investment Policy Statement says I must buy on an RBD, so I did.


I bought some today as well in my mother's portfolio. A little VSS and VEU.
by matjen
Mon Apr 15, 2013 5:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is today a RBD [Really Bad Day]
Replies: 83
Views: 7341

Re: Permanenr email address

I use mostly gmail as well. Although Google isn't going anywhere, I am less confident about any of their products since they are retiring mygoogle and also google reader. Both products that sort of dominated their spaces. Reader's retirement, in particular, caused quite a stir. So I have no idea whe...
by matjen
Wed Apr 10, 2013 2:56 pm
 
Forum: Personal Consumer Issues
Topic: Permanent email address
Replies: 45
Views: 2816

Re: Those of you with alot of money, how did you do it?

I think there are several ways to accumulating a fair amount of wealth but much like our investing philosophy, having a balanced approach is the most likely for the typical person. In my view this approach would involve checking off as many of the following as possible: 1) Have a good education and ...
by matjen
Tue Apr 09, 2013 2:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Those of you with alot of money, how did you do it?
Replies: 81
Views: 8668

Re: Do I really need a Smartphone?

Thanks, matjen. Very helpful. I'm hoping I can hold out for the Nexus 5, since it is rumored to be coming out with 32G and 64G models as well as other improvements, and the rumors are it should be released in the not-too-distant future. But I think I'm convinced. I agree that it may be a good sub f...
by matjen
Sat Apr 06, 2013 2:33 pm
 
Forum: Personal Consumer Issues
Topic: Do I really need a Smartphone?
Replies: 165
Views: 6656

Re: Do I really need a Smartphone?

Matjen, does this mean you can tether your Nexus 4 simply to your laptop via a USB (or similar) connection and get HSPA+ on your computer as well at no additional cost? And is this something built in to the Nexus 4 and thus possible regardless of what cell provider you use (assuming, of course, you...
by matjen
Sat Apr 06, 2013 12:24 pm
 
Forum: Personal Consumer Issues
Topic: Do I really need a Smartphone?
Replies: 165
Views: 6656

Re: Do I really need a Smartphone?

Not sure I follow, as I'm naive about these things. With StraightTalk you can use your own unlocked phone with a SIM card purchased from StraightTalk. You may be able to use a locked AT&T phone as well, don't know. I'm not sure what kind of SIM you get when you purchase one from StraightTalk, b...
by matjen
Thu Apr 04, 2013 7:11 pm
 
Forum: Personal Consumer Issues
Topic: Do I really need a Smartphone?
Replies: 165
Views: 6656

Re: Do I really need a Smartphone?

I wouldn't get too hung up on the 3G/4G thing.

Assuming you know when you are going to IA, I would go T-Mobile and Straight Talk with the AT&T SIM card. Just switch back and forth as you see fit. I can't comment on whether AT&T will let you use the phone as a hot spot.
by matjen
Thu Apr 04, 2013 4:55 pm
 
Forum: Personal Consumer Issues
Topic: Do I really need a Smartphone?
Replies: 165
Views: 6656

Re: Do I really need a Smartphone?

Browser you are over thinking this. I live in Chicago. The coverage in the metropolitan area is fantastic. The drive to say Indy is completely covered except for perhaps 5 minutes (and this was with a much worse phone than the Nexus 4). I just drove to Colorado and had coverage most of the way. Unle...
by matjen
Thu Apr 04, 2013 12:14 pm
 
Forum: Personal Consumer Issues
Topic: Do I really need a Smartphone?
Replies: 165
Views: 6656

Re: Whart smartphone should I get?

Browser consider this a reply to this and the other thread you have going. Assumes T-Mobile and/or AT&T are viable options for you as carriers. Step 1) Buy a Nexus 4 right from Google for $300 or $350 https://play.google.com/store/devices/details?id=nexus_4_8gb&feature=ha-text-sem_bk-n4&...
by matjen
Thu Apr 04, 2013 11:28 am
 
Forum: Personal Consumer Issues
Topic: Whart smartphone should I get?
Replies: 100
Views: 6455

Re: Do I really need a Smartphone?

Browser consider this a reply to this and the other thread you have going. Assumes T-Mobile and/or AT&T are viable options for you as carriers. Step 1) Buy a Nexus 4 right from Google for $300 or $350 https://play.google.com/store/devices/details?id=nexus_4_8gb&feature=ha-text-sem_bk-n4&...
by matjen
Thu Apr 04, 2013 11:28 am
 
Forum: Personal Consumer Issues
Topic: Do I really need a Smartphone?
Replies: 165
Views: 6656

Re: Do I really need a Smartphone?

How much are you paying for your Verizon hot spot a month?
by matjen
Thu Apr 04, 2013 10:33 am
 
Forum: Personal Consumer Issues
Topic: Do I really need a Smartphone?
Replies: 165
Views: 6656
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