Search found 1019 matches

Return to advanced search

Re: Why You Shouldn't Fear Japan

That's very interesting and new, or certainly new to me. What was your data source, was it no-cost or do you have access to some subscription service? I looked around and only found one affordable institution that delivers this data, The Idea Farm (http://www.theideafarm.com/subscriber-archives/). ...
by mpt follower
Wed Apr 16, 2014 12:09 am
 
Forum: Investing - Theory, News & General
Topic: Japan Does not Show That Stocks are Dangerous
Replies: 19
Views: 871

Re: A portfolio with a 7% yield? Your thoughts?

If you read carefully, the portfolio was constructed using a tool (actually a software using Montecarlo simulation) to estimate future returns. In the Internet, you can find an endless number of articles using any number on tools that will promise any return you want. My recommendation is for you to...
by mpt follower
Tue Apr 15, 2014 2:11 pm
 
Forum: Investing - Theory, News & General
Topic: A portfolio with a 7% yield? Your thoughts?
Replies: 9
Views: 865

Re: Random individual stocks as supplement to indexing

Situation: I have approximately $500,000 invested primarily in Vanguard S&P 500 index fund admiral shares and a bit in other similar investments (100% stock, low-cost Vanguard index funds), but now live in a foreign country with tax advantaged account options that allow for individual stocks, w...
by mpt follower
Tue Apr 15, 2014 8:33 am
 
Forum: Investing - Theory, News & General
Topic: Random individual stocks as supplement to indexing
Replies: 13
Views: 906

Re: Cambria Global Value - Value Tilt

GTAA is not that complex. Faber has a paper on the strategy. It uses the standard 200 moving average to be in or out of an asset class. Simple tech analysis, which we all know is highly time depended.
by mpt follower
Sat Apr 12, 2014 4:13 pm
 
Forum: Investing - Theory, News & General
Topic: Cambria Global Value - Value Tilt
Replies: 20
Views: 820

Re: Cambria Global Value - Value Tilt

One comment: when I heard that Faber came out with this new ETF (GVAL), I immediately thought about the fiasco with GTAA. However, one has to recognize that while GTAA uses technical analysis (which some, including myself, considered non sense) to manage the fund, GVAL is based on solid fundamental...
by mpt follower
Fri Apr 11, 2014 4:29 pm
 
Forum: Investing - Theory, News & General
Topic: Cambria Global Value - Value Tilt
Replies: 20
Views: 820

Re: Cambria Global Value - Value Tilt

One comment: when I heard that Faber came out with this new ETF (GVAL), I immediately thought about the fiasco with GTAA. However, one has to recognize that while GTAA uses technical analysis (which some, including myself, considered non sense) to manage the fund, GVAL is based on solid fundamental ...
by mpt follower
Fri Apr 11, 2014 3:39 pm
 
Forum: Investing - Theory, News & General
Topic: Cambria Global Value - Value Tilt
Replies: 20
Views: 820

Re: Passport validity: Do I need at least 6 months?

Last year, in a flight from Tel Aviv to Los Angeles, I was not allowed to board because my passport expired in less than 6 months. I rushed to the consulate in the center of the city, and a considerate cost, I was able to have it renewed over night. Luckily Air France has daily flights, but if I rem...
by mpt follower
Thu Apr 10, 2014 10:27 pm
 
Forum: Personal Consumer Issues
Topic: Passport validity: Do I need at least 6 months?
Replies: 40
Views: 1391

Re: Investing in foreign government bonds - theory and pract

Then the issue is that foreign bonds are not in much better position than US, and possibly worse. Other than the dollar, the world has three reserve currencies: the euro, the pound, and the yen. Of the euro countries, maybe three have a AAA credit rating. Japan has far larger demographic problems t...
by mpt follower
Thu Apr 10, 2014 12:58 am
 
Forum: Investing - Theory, News & General
Topic: Investing in foreign government bonds - theory and practice
Replies: 19
Views: 1124

Re: Investing in foreign government bonds - theory and pract

Funny that you say "Living in a small (and economically insignificant) country, I don't have the luxury of thinking of my government treasuries as a riskless investment. For that reason I've decided to allocate at least 33% of my bond portion to US treasuries." That insignificant country ...
by mpt follower
Thu Apr 10, 2014 12:03 am
 
Forum: Investing - Theory, News & General
Topic: Investing in foreign government bonds - theory and practice
Replies: 19
Views: 1124

Re: Vanguard All world ETF or Vanguard region ETFs?

GDP is certainly an approach, which by the way is advertised by some. But what I think we must object is to set allocation based on intuition.
by mpt follower
Wed Apr 09, 2014 8:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard All world ETF or Vanguard region ETFs?
Replies: 17
Views: 807

Re: Vanguard All world ETF or Vanguard region ETFs?

By deciding to reduce your presence in the US market, you are actually saying that you know something that the market does not. After all the allocation in the global index is not arbitrary. In essence you are drifting, however slightly, from the passive strategy that is the foundation of modern po...
by mpt follower
Wed Apr 09, 2014 12:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard All world ETF or Vanguard region ETFs?
Replies: 17
Views: 807

Re: Investing in foreign government bonds - theory and pract

Funny that you say "Living in a small (and economically insignificant) country, I don't have the luxury of thinking of my government treasuries as a riskless investment. For that reason I've decided to allocate at least 33% of my bond portion to US treasuries." That insignificant country ...
by mpt follower
Tue Apr 08, 2014 10:18 pm
 
Forum: Investing - Theory, News & General
Topic: Investing in foreign government bonds - theory and practice
Replies: 19
Views: 1124

Re: Vanguard All world ETF or Vanguard region ETFs?

I have opted for a global equity ETF. The global ETF, like VT or ACWI will do the rebalancing for you without you having to sell and buy to rebalance and it does it more tax efficient. It is a no hassle investment. . Yes, I just thought about that after posting, that the All World ETF also rebalanc...
by mpt follower
Tue Apr 08, 2014 11:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard All world ETF or Vanguard region ETFs?
Replies: 17
Views: 807

Re: Vanguard All world ETF or Vanguard region ETFs?

I have opted for a global equity ETF. There is a lot of discussion about regional diversification, but I am not sure if investing in a global equity ETF does not achieve similar returns, and it is certainly simpler and more tax efficient. The global ETF, like VT or ACWI will do the rebalancing for y...
by mpt follower
Tue Apr 08, 2014 8:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard All world ETF or Vanguard region ETFs?
Replies: 17
Views: 807

Re: Investing in foreign government bonds - theory and pract

Funny that you say "Living in a small (and economically insignificant) country, I don't have the luxury of thinking of my government treasuries as a riskless investment. For that reason I've decided to allocate at least 33% of my bond portion to US treasuries." That insignificant country (...
by mpt follower
Mon Apr 07, 2014 4:02 pm
 
Forum: Investing - Theory, News & General
Topic: Investing in foreign government bonds - theory and practice
Replies: 19
Views: 1124

A Rynamic Approach to a Retirement Spending

I just run into a Vanguard report published 10.13 that details one of the most logical strategy that I have encountered for spending during retirement. In case this group has not seen it, here it is:

http://vanguard.com/pdf/s823.pdf
by mpt follower
Sat Apr 05, 2014 3:50 pm
 
Forum: Investing - Theory, News & General
Topic: A Rynamic Approach to a Retirement Spending
Replies: 6
Views: 652

What about Minimum Volatility Equity ETFs??

We have all grown with the idea that future long term returns of equities are governed by CAPM, later modified by Fama: returns are a function of risk (beta), size, and value. However, in recent studies you read that there is a persistent anomaly, that long term returns seem to be higher with lower ...
by mpt follower
Sun Mar 23, 2014 1:36 am
 
Forum: Investing - Help with Personal Investments
Topic: What about Minimum Volatility Equity ETFs??
Replies: 3
Views: 304

Re: The Intelligent Investor

While I don't think I am a market timer I do think there are times when the odds favor taking more or less risk when the market has been on either a long bull run or a long bear run. I have a goal of getting my equity allocation down from the mid 40's to 40% in 4 years. I let it run up during 2013 ...
by mpt follower
Fri Mar 21, 2014 1:37 am
 
Forum: Investing - Theory, News & General
Topic: The Intelligent Investor
Replies: 27
Views: 3290

Re: The Intelligent Investor

It seems to me that the idea is equivalent to adjusting allocation based on the Shiller PE10 value. As the bull market advances, PE10 increases and the potential of lower future performance increases as well. Those using dynamic asset allocation would agree with Graham.
by mpt follower
Mon Mar 17, 2014 11:43 pm
 
Forum: Investing - Theory, News & General
Topic: The Intelligent Investor
Replies: 27
Views: 3290

Low beta etfs?

I was recently introduced to the low beta concept. There is plenty of literature in the Internet discussing the virtues of low volatile stock investing. In fact, iShares has a number of low volatility stock ETFs covering all world regions. Does any one use these instruments? What has happened with t...
by mpt follower
Fri Mar 14, 2014 2:04 pm
 
Forum: Investing - Theory, News & General
Topic: Low beta etfs?
Replies: 0
Views: 189

Re: Turning 65... Now What?

I am also 65 and have followed a very simple steategy: I do not take unnecessary risk. Given that I think that I have enough, my goal is capital preservation. If I lose a million it will really hurt me; if I make another million, my standard of living will not change. My present allocation is 30% eq...
by mpt follower
Thu Mar 13, 2014 2:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Turning 65... Now What?
Replies: 4
Views: 1019

Re: The "do not know the future" allocation

Is anyone using the stock allocation system that basically split the different geographical regions equally and rebalance annually? Take the simplest model, invest equally in US, EAFE, and emerging markets. Then annually rebalance. This system assumes that one does not know the future returns of th...
by mpt follower
Wed Mar 12, 2014 3:05 am
 
Forum: Investing - Help with Personal Investments
Topic: The "do not know the future" allocation
Replies: 37
Views: 3048

Re: The "do not know the future" allocation

Is anyone using the stock allocation system that basically split the different geographical regions equally and rebalance annually? Take the simplest model, invest equally in US, EAFE, and emerging markets. Then annually rebalance. This system assumes that one does not know the future returns of th...
by mpt follower
Mon Mar 10, 2014 2:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: The "do not know the future" allocation
Replies: 37
Views: 3048

Re: The "do not know the future" allocation

...I admit that should the goal be to cover the entire world, you have an excellent point; however, the strategy for me is to pick a reasonable number of regions that hopefully have different valuations. The reason one picks a number of equity baskets is because you do not know which ones will do w...
by mpt follower
Mon Mar 10, 2014 12:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: The "do not know the future" allocation
Replies: 37
Views: 3048

Re: The "do not know the future" allocation

Is anyone using the stock allocation system that basically split the different geographical regions equally and rebalance annually? Take the simplest model, invest equally in US, EAFE, and emerging markets. Then annually rebalance. This system assumes that one does not know the future returns of th...
by mpt follower
Mon Mar 10, 2014 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: The "do not know the future" allocation
Replies: 37
Views: 3048

The "do not know the future" allocation

Is anyone using the stock allocation system that basically split the different geographical regions equally and rebalance annually? Take the simplest model, invest equally in US, EAFE, and emerging markets. Then annually rebalance. This system assumes that one does not know the future returns of the...
by mpt follower
Mon Mar 10, 2014 6:51 am
 
Forum: Investing - Help with Personal Investments
Topic: The "do not know the future" allocation
Replies: 37
Views: 3048

Re: Don't like PE/10; How about Warren Buffet's metric

...tilt the equity portion towards those markets having a lower PE10. Just as an example, my latest PE10 values (1.1.2014) show the following: UK PE10 = 13.6; Japan PE10 = 21.05; MSCI Emerging Market = 15.1; US PE10 = 25.4. These figures would lead you to tilt towards the UK and Emerging Markets at...
by mpt follower
Sun Mar 09, 2014 12:42 pm
 
Forum: Investing - Theory, News & General
Topic: Don't like PE/10; How about Warren Buffet's metric
Replies: 24
Views: 1218

Re: Don't like PE/10; How about Warren Buffet's metric

Let me suggest a slightly different approach. Since bonds are today nothing to write home about, why not stay with a fixed equity %, say that your long term plan calls for 50% stocks/50% bonds+ cash. Then tilt the equity portion towards those markets having a lower PE10. Just as an example, my lates...
by mpt follower
Sun Mar 09, 2014 11:52 am
 
Forum: Investing - Theory, News & General
Topic: Don't like PE/10; How about Warren Buffet's metric
Replies: 24
Views: 1218

Investing in IRA in foreign assets

Question: Do I understand that if one invests in in your IRA a foreign asset, there is no way to claim the foreign tax credit. Let me explain: one buys an Israeli bond in an IRA account and pays 25% in taxes on the bond interest to the Israeli tax authorities. Can that be claimed in the US tax return?
by mpt follower
Sun Mar 09, 2014 8:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing in IRA in foreign assets
Replies: 1
Views: 129

Re: Portfolio planning, Dubai based Non-US citizen, Trading

"As a general rule, non-US persons should be very leery of directly holding US situated investments." Why is that so? ... I am not a US citizen so I avoid US taxation Not as much as you think. The US will tax your dividends from these holdings at 30%. Your $90k investment is larger than th...
by mpt follower
Fri Mar 07, 2014 5:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio planning, Dubai based Non-US citizen, Trading ETFs
Replies: 24
Views: 908

Re: Saying an asset is "undervalued" is pretty profound.

The way I approach this issue is not whether an asset class is or is not undervalue, but whether one has a higher potential for future growth. If one looks at a recent Shiller's PE10 number (1.1.2014) for UK versus US, 13.61 versus 25.44, it is possible to assume that in the long run, the UK stock m...
by mpt follower
Thu Mar 06, 2014 1:45 am
 
Forum: Investing - Theory, News & General
Topic: Saying an asset is "undervalued" is pretty profound.
Replies: 32
Views: 1932

Allocation of USA/EFA/Emerging

What is your equity allocation of US, EFA, and Emerging Markets? Why?
by mpt follower
Mon Mar 03, 2014 4:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Allocation of USA/EFA/Emerging
Replies: 5
Views: 210

Re: Opening a Roth IRA. Need help with strategy

Not sure if you are or have considered delaying SS for highest earner until age 70? That gives you more room for conversions and gives you a higher COLAd income for you and your survivor in the future. If you are still within the 15% bracket, you can continue to convert to Roth after first removing...
by mpt follower
Wed Feb 26, 2014 11:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Opening a Roth IRA. Need help with strategy
Replies: 6
Views: 587

Re: Opening a Roth IRA. Need help with strategy

You say your funds will cover you “well until your eighties” so I wonder how you and your wife plan to fund long-term care. If funds would need to be taken from your recently converted Roth IRA, you would already have paid the taxes and thus forfeited a Schedule A tax deduction available for this, ...
by mpt follower
Wed Feb 26, 2014 7:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Opening a Roth IRA. Need help with strategy
Replies: 6
Views: 587

Opening a Roth IRA. Need help with strategy

Dear all, Please review my tax strategy. I would appreciate your input. I am turning 66 this year and my wife and I are retired. I have a large traditional IRA as well as enough in my after tax account plus income from pensions and SS to most likely last me and my wife well until my 80s. Given this ...
by mpt follower
Tue Feb 25, 2014 12:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Opening a Roth IRA. Need help with strategy
Replies: 6
Views: 587

Re: Value: Dividend yield beats P/E and P/B considering risk

What about comparing the effectiveness of the discussed indicators to pe10?
by mpt follower
Tue Feb 18, 2014 5:31 pm
 
Forum: Investing - Theory, News & General
Topic: Value: Dividend yield beats P/E and P/B considering risk
Replies: 26
Views: 1840

Wellington in Taxable Account

I have owned Vanguard Wellington in my taxable account for many years. I am now retired and need to find a more tax efficient fund. What would be a comparable fund in terms of stock style and management approach holding 100% stocks, instead of Wellington's 60/40?
by mpt follower
Mon Feb 17, 2014 12:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wellington in Taxable Account
Replies: 5
Views: 538

Re: Timing investments and reducing risk?

Since we are talking about timing the market, let me suggest the following article by Victor Haghani on Dynamic Asset Allocation, basically taking passive investments one step further. It seems very appealing even if you do not believe in it. "The Case for Value and Momentum at the Asset Class ...
by mpt follower
Thu Feb 13, 2014 2:25 am
 
Forum: Investing - Theory, News & General
Topic: Timing investments and reducing risk?
Replies: 20
Views: 1210

Re: Emerging Markets Bonds

I think it depends on the role of bonds in your portfolio? I'm a "bonds are for safety" person. In times of crisis, it's hard to beat TBM, well, risk adjusted. 30 year bonds the best, but too much interest rate risk along the way. if bonds are a ballast, like me, it's hard to beat a treas...
by mpt follower
Thu Feb 06, 2014 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets Bonds
Replies: 20
Views: 1259

Re: Emerging Markets Bonds

ValueThinker, I appreciate your input; although if I were you I would shy away from making comments that someone does not understand something, like you stated in your respond, without really knowing that person and the reasons for his/her actions. You would be surprised how far your comments, whic...
by mpt follower
Thu Feb 06, 2014 11:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets Bonds
Replies: 20
Views: 1259

Re: Emerging Markets Bonds

ValueThinker, I appreciate your input; although if I were you I would shy away from making comments that someone does not understand something, like you stated in your respond, without really knowing that person and the reasons for his/her actions. You would be surprised how far your comments, which...
by mpt follower
Thu Feb 06, 2014 7:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets Bonds
Replies: 20
Views: 1259

Emerging Markets Bonds

Dear All, I have been investing for a few years about 5% of my portfolio (IRA account) in emerging markets bonds through Fidelity New Markets (FNMIX). Up to early 2013, the fund was rather successful, but since then it has lost about 7%. I do intend to keep the money in bonds but I wonder if it woul...
by mpt follower
Thu Feb 06, 2014 3:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets Bonds
Replies: 20
Views: 1259

Re: The Vanguard Wellington Pull

You might find T. Rowe Price Capital Appreciation (PRWCX) as appealing. I have split my stocks betwee Wellington and this fund.
by mpt follower
Tue Feb 04, 2014 2:31 pm
 
Forum: Investing - Theory, News & General
Topic: The Vanguard Wellington Pull
Replies: 32
Views: 3894

Re: Larry Kudlow bad advice on bonds

He is not the only one. I would not discount his views without understanding his reason. May be what he meant is no bods, but yes CDs. Would that change your opinion?
by mpt follower
Thu Jan 16, 2014 2:43 am
 
Forum: Investing - Theory, News & General
Topic: Larry Kudlow bad advice on bonds
Replies: 52
Views: 4013

Re: Best Movies of 2013

I saw Gravity, one of the top movie according to the critics. I just do not understand, for sure it must be me. My take: superb photography, but silly (understatement!) plot.
by mpt follower
Fri Jan 10, 2014 12:49 am
 
Forum: Personal Consumer Issues
Topic: Best Movies of 2013
Replies: 83
Views: 5467

Re: New PenFed CD rates!

Any considerations to the following? Guggenheim BulletShares® 2019 Corporate Bond ETF. If kept for 5 years, and no defaults, the annual yield is 2.58% and there is no early withdrawal penalties. "If kept for 5 years". Um, are you comparing a bond fund that, even if ignoring default risk, ...
by mpt follower
Tue Jan 07, 2014 2:26 am
 
Forum: Investing - Theory, News & General
Topic: New PenFed CD rates!
Replies: 313
Views: 33069

Re: New PenFed CD rates!

Any considerations to the following? Guggenheim BulletShares® 2019 Corporate Bond ETF. If kept for 5 years, and no defaults, the annual yield is 2.58% and there is no early withdrawal penalties. And for a bit more risk, you can go for the Guggenheim BulletShares 2019 High Yield Corporate Bond ETF an...
by mpt follower
Tue Jan 07, 2014 1:47 am
 
Forum: Investing - Theory, News & General
Topic: New PenFed CD rates!
Replies: 313
Views: 33069

Question on Realized Capital Gain

Question on taxes: Let us say that I purchased mutual fund shares on 1/1/2013 with $100,000. On 1/1/2014 the fund grew to $120,000 due to capital appreciation (dividends were not reinvested). Let us say that I sell $20,000 worth of the fund on 1/1/2014. Question: for tax purposes, on what percent of...
by mpt follower
Sun Jan 05, 2014 3:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Question on Realized Capital Gain
Replies: 6
Views: 451

Re: Broad Diversification vs Focused Diversification

The diversification concept (as defined by Modern Portfolio Theory) states that the only "free lunch" in investing is holding assets that have a different behavior, meaning that are as uncorrelated as possible, i.e., they move differently under same market conditions. Given that, the rest ...
by mpt follower
Mon Dec 23, 2013 1:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Broad Diversification vs Focused Diversification
Replies: 7
Views: 695

Re: Corporate bonds and holding to maturity

Buying your own long term corporate bonds does not seem to me to be worth the trouble. I'd rather hire Wellington Management Company to do that for me at a cost of 0.12% per year. https://personal.vanguard.com/us/funds/snapshot?FundId=0568&FundIntExt=INT#tab=0 I think the current spread between...
by mpt follower
Wed Dec 11, 2013 4:39 pm
 
Forum: Investing - Theory, News & General
Topic: Corporate bonds and holding to maturity
Replies: 20
Views: 1100
Next

Return to advanced search