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Re: Tim Horton shareholder - what to do about Burger King Me

You can take cash, a combination of cash and shares, or shares. I dealt with this over the weekend as I am a Tim Horton's shareholder. I took the shares. I started a Wendy's DRIP plan in the early 1990's and later on Wendy's decided to buy Tim Horton's. A few years after that they spun Tim Horton's ...
by nedsaid
Tue Nov 25, 2014 10:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tim Horton shareholder - what to do about Burger King Merger
Replies: 5
Views: 743

Re: A Good Trip Overseas

A great trip I took in 2012 was London, Paris, and Rome. From London, I took a Windsor, Bath, and Stonehenge tour. From Paris, a tour of the Normandy beaches. From Rome, a trip to Florence and a trip to Pompeii and Mt. Vesuvius. Of course, I did lots of things in London, Paris, and Rome also. A trip...
by nedsaid
Mon Nov 24, 2014 10:03 pm
 
Forum: Personal Consumer Issues
Topic: A Good Trip Overseas
Replies: 17
Views: 1396

Re: An alternative to alternative investments [QSPIX]

Yes, yes, the continuing search for portfolio diversifiers. I have come to the conclusion that as investors we have to tolerate market volatility and sometimes more than we expect or like. We have to allow enough time for our portfolios to recover. We all want the higher returns of equities but we d...
by nedsaid
Sun Nov 23, 2014 6:09 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 107
Views: 6722

Re: Small cap value premium

Is "factor crowding" a looming issue for smart beta investors? Bruce Jacobs and Kenneth Levy of Jacobs Levy Equity Management believe so: "Smart beta strategies are often based on common, generic factors used by many managers. This approach leaves their performance susceptible to fac...
by nedsaid
Sun Nov 23, 2014 10:52 am
 
Forum: Investing - Theory, News & General
Topic: Small cap value premium
Replies: 125
Views: 7618

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

I am a big Paul Merriman fan and have made changes to my portfolio based on his suggestions. I listened to part of the podcast and found myself a bit annoyed too. In the past, he said that DFA products better captured the small and value premiums than similar Vanguard products. I believe that to be ...
by nedsaid
Sun Nov 23, 2014 10:28 am
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 88
Views: 8165

Re: Why Alpha is getting more elusive

Thanks Larry. This was an excellent article. I liked that you mentioned Peter Lynch and confirmed something that I believed for a long time, that is his outperformance over the market averages dropped over time due to more and better competition. I believe Lynch was skilled and not lucky but he bene...
by nedsaid
Sat Nov 22, 2014 11:05 am
 
Forum: Investing - Theory, News & General
Topic: Why Alpha is getting more elusive
Replies: 28
Views: 3244

Re: "Are You an Irrational Investor? Here’s How to Tell"

Investor psychology is a vital topic to be studied by all investors. We are all emotional creatures and are subject to fits of irrationality, we have to discipline ourselves to not follow our worst impulses. I call it reaching a compromise between my rational self and my emotional self. I wish I cou...
by nedsaid
Sat Nov 22, 2014 9:38 am
 
Forum: Investing - Theory, News & General
Topic: "Are You an Irrational Investor? Here’s How to Tell"
Replies: 13
Views: 1805

Re: Jim Cramer dad & LTCI

I watched Jim Cramer's tribute to his father last night. It was very touching and it confirms what I like about Jim Cramer. Underneath all the brashness and all the antics is a very decent human being. It would have been good to hear Jim name the Long Term Care company, as they say take names and ki...
by nedsaid
Sat Nov 22, 2014 9:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Jim Cramer Dad & LTCI
Replies: 30
Views: 3363

Re: Active or Not, I Love Wellington

Well it is another great year for Wellington (up 8.98% YTD ER 0.18% Admiral). To me this fund continues to demonstrate active management with low fees can work. Seriously is there any legit reason to avoid this fund with its very long history of success? No. It is the classic low-cost boring invest...
by nedsaid
Sun Nov 16, 2014 10:18 am
 
Forum: Investing - Theory, News & General
Topic: Active or Not, I Love Wellington
Replies: 53
Views: 5076

Re: New Tony Robbins Book on Financial Freedom

Thanks Howard, I really enjoyed the Tony Robbins interview. He is a bright guy. I bought a set of his tapes years ago and one of his books and enjoyed both. Somehow I didn't get transformed myself but I enjoyed the material. We all need that extra motivation, that kick in the pants, and Tony is good...
by nedsaid
Sun Nov 16, 2014 10:13 am
 
Forum: Investing - Theory, News & General
Topic: New Tony Robbins Book on Financial Freedom
Replies: 66
Views: 11411

Re: How to buy "junk" bonds as an individual investor?

If you want high yield bonds, go to Vanguard and buy its High Yield Bond Fund. It has very low expenses and you will get the diversification you need. Do you really want to buy "junk" bonds individually? I think this is a bad idea for several reasons. First, the transaction costs could be ...
by nedsaid
Sun Nov 16, 2014 10:00 am
 
Forum: Investing - Help with Personal Investments
Topic: How to buy "junk" bonds as an individual investor?
Replies: 24
Views: 1231

Re: NYT: Falling commodity prices signal warning

My feeling is that the economies of Europe, Japan and the U.S. are treading water at best and the respective governments are and will continue to devalue their currencies to enhance their export business. It is a real race to the bottom in these currency wars and sooner rather than later inflation ...
by nedsaid
Sun Nov 16, 2014 9:47 am
 
Forum: Investing - Theory, News & General
Topic: NYT: Falling commodity prices signal warning
Replies: 12
Views: 1226

Re: NYT: Falling commodity prices signal warning

A couple thoughts on this. First, the Chinese economic juggernaut is slowing. China is experiencing what Japan experienced in the late 1980's, that is overinvestment and bad loans. The world's capacity to absorb Chinese products is limited. As Japan found out many years ago, you can't just keep expa...
by nedsaid
Sun Nov 16, 2014 9:34 am
 
Forum: Investing - Theory, News & General
Topic: NYT: Falling commodity prices signal warning
Replies: 12
Views: 1226

Re: British Expat in US - portfolio help please!

Mostly, I am bumping the thread. I wish I could advise you but I am ignorant what UK tax laws have to say about US Retirement Accounts such as 401k and IRA plans. What happens to these when you move to back to the UK? My guess is that there is a tax treaty between the two nations regarding retiremen...
by nedsaid
Sun Nov 16, 2014 12:31 am
 
Forum: Investing - Help with Personal Investments
Topic: British Expat in US - portfolio help please!
Replies: 5
Views: 691

Re: Warren Buffett:Stocks Are In a Zone of Reasonable

JoMoney, thanks for this post. It is a good antidote for the threads that claim we are in a new stock market bubble. I think the bubble talk is nonsense. Current valuations are justified by fantastic corporate earnings and very low interest rates. Investor sentiment is a long way from the euphoria o...
by nedsaid
Sun Nov 16, 2014 12:20 am
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett:Stocks Are In a Zone of Reasonable
Replies: 5
Views: 1248

Re: IRA with $0.17 balance

I had almost the exact thing happen with a workplace 401k. I got a small dividend that hit right after I moved the money to an IRA. Eventually they tired of me, closed the account, and sent me a check.
by nedsaid
Sat Nov 15, 2014 4:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA with $0.17 balance
Replies: 16
Views: 1786

Re: Bogleheads, tell me about your 40's?

I want to echo the comments about eyeglasses. At about age 41, I started noticing difficulty in reading in low light situations. About age 45, I had to use reading glasses all the time. What a bummer, I always had good eyesight. In fact I was a bit farsighted. Financially the 40's were good financia...
by nedsaid
Sat Nov 15, 2014 3:52 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 100
Views: 13130

Re: "Folklore of Finance" article and indices

Yes, the financial industry is becoming painfully aware that the investing public is wising up. Fees are just too darned high for what the individual investor is getting. You can see why as Livesoft said that the industry is focusing more on investor goals and less on beating the market. Beating the...
by nedsaid
Sat Nov 15, 2014 3:34 pm
 
Forum: Investing - Theory, News & General
Topic: "Folklore of Finance" article and indices
Replies: 4
Views: 893

Re: New Tony Robbins Book on Financial Freedom

Leveraged bonds? Doesn't that defeat the purpose of owning bonds in the first place? I look at bonds as an asset class one puts into a portfolio to produce income and reduce volatility. To me this is just asking for trouble, in a crisis asset classes will often act in ways you don't expect. I rememb...
by nedsaid
Sat Nov 15, 2014 2:44 pm
 
Forum: Investing - Theory, News & General
Topic: New Tony Robbins Book on Financial Freedom
Replies: 66
Views: 11411

Re: a look at gold and its hedging value

One characteristic of most "risk parity", or all-weather, type portfolios - be it Ray Dalio or Larry Swedroe - is a rather high bond or even leveraged bond allocation. That makes them rather sensitive to interest rate/inflation risk. The argument for the PP is that gold can offset the inf...
by nedsaid
Sat Nov 15, 2014 11:50 am
 
Forum: Investing - Theory, News & General
Topic: a look at gold and its hedging value
Replies: 48
Views: 3233

Re: Does anyone here make "fun" purchases.

First, let me say I'm a relatively newbie as you can see by my count. Second I am learning a ton of stuff especially about taking charge of my retirement. But....... lol Does anyone ever make a "fun" purchase. Let me explain, maybe we simply don't mention it. Now I'm definitely the type t...
by nedsaid
Sat Nov 15, 2014 11:39 am
 
Forum: Personal Consumer Issues
Topic: Does anyone here make "fun" purchases.
Replies: 111
Views: 6557

Re: a look at gold and its hedging value

Browser said, "If those "hedges" actually helped over the long term, they might be worth the "insurance premiums". But I can't find any evidence that they do anything for you except over the very short run. What's a little short term volatility among friends? And then you pa...
by nedsaid
Sat Nov 15, 2014 11:30 am
 
Forum: Investing - Theory, News & General
Topic: a look at gold and its hedging value
Replies: 48
Views: 3233

Re: a look at gold and its hedging value

The idea of hedges in a portfolio to reduce volatility have always interested me. I have toyed mentally with the idea of owning things like gold, precious metals funds, and commodities to hedge my portfolio against certain risks. I view this as portfolio insurance and so far have elected to ride out...
by nedsaid
Sat Nov 15, 2014 10:00 am
 
Forum: Investing - Theory, News & General
Topic: a look at gold and its hedging value
Replies: 48
Views: 3233

Re: Can active funds reliably beat the index? Actually, Yes

I have strongly believed for years that financial advisors and asset managers should eat their own cooking. If someone giving you financial advice or managing assets on behalf of others don't follow their own advice, then why should you? If a fund manager doesn't have a substantial investment in his...
by nedsaid
Sat Nov 15, 2014 9:30 am
 
Forum: Investing - Theory, News & General
Topic: Can active funds reliably beat the index? Actually, Yes.
Replies: 37
Views: 4739

Re: Why Not 100% Treasuries if your Risk is on the Equity Si

You are raising a philosophical point, it is neither right or wrong, it depends on what you want as an investor. Many people including Paul Merriman echo your point, that you take risk on the equity side and that you buy bonds for stability. People with this philosophy will buy only Treasury instrum...
by nedsaid
Thu Nov 13, 2014 12:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why Not 100% Treasuries if your Risk is on the Equity Side?
Replies: 40
Views: 3642

Re: How can I convince my wife to accept investing??

There is no perfect answer to this. I see investing in the world stock markets as a proxy for participating in the world economy. Investing in stocks is a proxy for being in business for myself. I get the benefits of business ownership without the headaches. In a capitalist system, the rewards to th...
by nedsaid
Thu Nov 13, 2014 12:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: How can I convince my wife to accept investing??
Replies: 54
Views: 4444

Re: Individual stocks in retirement portfolio?

I own individual stocks as 15% of my retirement portfolio. This is how I started as an investment. I went from individual stocks to active funds to index funds and ETFs. I have de-emphasized the role of individual stocks in recent years. My strong belief is that you will not add to your returns by d...
by nedsaid
Thu Nov 13, 2014 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Individual stocks in retirement portfolio?
Replies: 14
Views: 635

Re: Vacation in Quebec City

My wife and I were in QC for a few days and loved it! Our favorite restaurant was this little crepe place. Good food that was also reasonably priced. I agree with nedsaid: When you're in the old city, you feel like you're in old Europe, not North America. We went in late spring. I've heard that QC ...
by nedsaid
Thu Nov 13, 2014 11:50 am
 
Forum: Personal Consumer Issues
Topic: Vacation in Quebec City
Replies: 18
Views: 1193

Re: Vacation in Quebec City

I was in Quebec City back in 2009. It is the only fortified city in North America, my reaction to it was that the old city seemed like a Dickens Village on steroids. It would be a beautiful place to visit in the winter with the snow. After getting off the train and checking into the hotel, I went to...
by nedsaid
Thu Nov 13, 2014 7:39 am
 
Forum: Personal Consumer Issues
Topic: Vacation in Quebec City
Replies: 18
Views: 1193

Re: Bogleheads get to hedge fund guy

This was a rant hardly worth the time to even glance at. I am not aware that hedge funds as a group have performed particularly well.
by nedsaid
Thu Nov 13, 2014 7:19 am
 
Forum: Investing - Theory, News & General
Topic: Bogleheads get to hedge fund guy
Replies: 28
Views: 4390

Re: astonishing performance of US markets vs others

It's funny. I remember reading this board in 2010 when global stocks were moving in absolute lock-step, and people were whining about rising asset correlations and complaining that "diversification is dead." Now, international stocks and U.S. stocks are behaving differently, and people ar...
by nedsaid
Tue Nov 11, 2014 8:59 pm
 
Forum: Investing - Theory, News & General
Topic: astonishing performance of US markets vs others
Replies: 50
Views: 4963

Re: astonishing performance of US markets vs others

When I compared veu or vwo vs spy over the past 5 years I was surprised to see how much better US markets (eg spy) have done. Have been painfully re-balancing by selling spy and buying more international markets. Would like to hear others viewpoint on whether such out-performance has happened in th...
by nedsaid
Tue Nov 11, 2014 8:58 pm
 
Forum: Investing - Theory, News & General
Topic: astonishing performance of US markets vs others
Replies: 50
Views: 4963

Re: Want to move out of Ameriprise

I think you have a good plan. There is nothing wrong with the three fund portfolio of index funds, many people here highly recommend it. The biggest question you have to answer for yourselves is if you are ready to do this on your own. If you still need some help, you can buy advice ala carte withou...
by nedsaid
Sun Nov 09, 2014 6:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Want to move out of Ameriprise
Replies: 5
Views: 1037

Re: Why are people so down on bonds?

OGD raised an excellent point, what really kills bonds is higher rates of inflation not so much interest rate increases. It also depends on if you are reinvesting the dividends or drawing on them to live on. My investment "career" started in 1984, so I have been at this for 30 years. I liv...
by nedsaid
Sun Nov 09, 2014 5:48 pm
 
Forum: Investing - Theory, News & General
Topic: Why are people so down on bonds?
Replies: 39
Views: 6045

Re: Traders Millions By the minute

We know that investors as a whole will achieve market performance less expenses. The problem with active management isn't lack of skill but increased competition. Smart managers used to generate alpha at the expense of less experienced, less knowledgeable competition particularly the individual inv...
by nedsaid
Sun Nov 09, 2014 5:02 pm
 
Forum: Investing - Theory, News & General
Topic: Traders Millions By the minute
Replies: 44
Views: 5416

Re: asset allocation question - reason to go > Age in bonds

To clarify, when I say "priced to yield" of course I mean that the market and its participants set the prices of bonds. It is not that Moses came down from Mt. Sinai with 2-3% real returns for bonds as a divine commandment, but over long periods of time investors demand those returns to co...
by nedsaid
Sun Nov 09, 2014 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: asset allocation question - reason to go > Age in bonds
Replies: 22
Views: 2343

Re: I'm Scared! Vanguard Target Retirement 2015 - What to d

Hi all - I'm 61, retiring next year (yes, I should wait til FRA but can't do it anymore) and am freaking out, losing sleep, deciding what to do about my retirement investments. Here's what I'll have at retirement: 60K in an Ally Savings Account 27K per year from a company pension plan (or 370K lump...
by nedsaid
Sun Nov 09, 2014 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: I'm Scared! Vanguard Target Retirement 2015 - What to do!
Replies: 39
Views: 7259

Re: Traders Millions By the minute

This youtube video explains it all to me; http://www.youtube.com/watch?v=a41LhZE5Iec Mutual fund managers have skill but the investor does not profit from it. This is a great video! Everyone should watch it. Right now. Bogleheads tend to assume that because actively managed mutual funds are a bad d...
by nedsaid
Sun Nov 09, 2014 1:14 pm
 
Forum: Investing - Theory, News & General
Topic: Traders Millions By the minute
Replies: 44
Views: 5416

Re: Thinking about buying an individual stock NSC

This is a really interesting idea but alas, the secret that railroads are a good investment is out. Warren Buffett confirmed what many investors knew for years and certainly the cat is out of the bag. You still own this as part of your index portfolio. I still like owning individual stocks but my ra...
by nedsaid
Sun Nov 09, 2014 11:47 am
 
Forum: Investing - Theory, News & General
Topic: Thinking about buying an individual stock NSC
Replies: 55
Views: 3754

Re: Why are people so down on bonds?

I do own a few "bond alternatives" but they were purchased before the era of ultra-low interest rates. I have owned REITs, Timber REITs, and dividend paying individual stocks for years. The key to these alternatives is to buy them before they are cool and everybody wants them. Commodities ...
by nedsaid
Sun Nov 09, 2014 11:36 am
 
Forum: Investing - Theory, News & General
Topic: Why are people so down on bonds?
Replies: 39
Views: 6045

Re: Traders Millions By the minute

This study of day traders in Taiwan showed that the best day traders were able to consistently earn high returns of around 30 basis point a day after fees (that works out to something like returns of 80% a year). Past outperformance predicted future outperformance. This doesn't mean that day tradin...
by nedsaid
Sat Nov 08, 2014 7:49 pm
 
Forum: Investing - Theory, News & General
Topic: Traders Millions By the minute
Replies: 44
Views: 5416

Re: asset allocation question - reason to go > Age in bonds

Rules of thumb are just that, very rough guidelines for investors to consider. I don't look at these as a "one size fits all" strategy. I think age in bonds is ultra-conservative, my thinking is age in bonds minus 10 might be a better guideline. It is interesting that even ultra-conservat...
by nedsaid
Sat Nov 08, 2014 7:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: asset allocation question - reason to go > Age in bonds
Replies: 22
Views: 2343

Re: asset allocation question - reason to go > Age in bonds

... I think age in bonds is ultra-conservative, my thinking is age in bonds minus 10 might be a better guideline. It is interesting that even ultra-conservative John Bogle has talked about considering the value of a social security as a bond and to consider that in an investor's asset allocation. I...
by nedsaid
Sat Nov 08, 2014 7:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: asset allocation question - reason to go > Age in bonds
Replies: 22
Views: 2343

Re: asset allocation question - reason to go > Age in bonds

Rules of thumb are just that, very rough guidelines for investors to consider. I don't look at these as a "one size fits all" strategy. I think age in bonds is ultra-conservative, my thinking is age in bonds minus 10 might be a better guideline. It is interesting that even ultra-conservati...
by nedsaid
Sat Nov 08, 2014 1:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: asset allocation question - reason to go > Age in bonds
Replies: 22
Views: 2343

Re: MFO's David Snowball's Blunt Observation on Index Funds

InTuesday's WSJ, David Snowbal made this interesting point when asked about passive versus active managed mutual funds: "Index funds represent portfolios of stocks selected by a flawed, conflicted and occasionally dungerheaded human beings. The DOW and S&P 500 are both good examples of por...
by nedsaid
Sat Nov 08, 2014 1:30 pm
 
Forum: Investing - Theory, News & General
Topic: MFO's David Snowball's Blunt Observation on Index Funds
Replies: 17
Views: 2108

Re: The Sky is Falling

Everyone take a deep breath and relax. Repeat after me, this is not a stock market bubble. Say it again, this is not a stock market bubble. We are seeing relatively high P/E ratios in the US Stock Market, one big reason is the very low level of interest rates. All other things being equal, P/E ratio...
by nedsaid
Fri Nov 07, 2014 11:34 pm
 
Forum: Investing - Theory, News & General
Topic: The Sky is Falling
Replies: 36
Views: 5101

Re: Christine Benz Interviews Bill Bernstein

In other threads, I have posted about the possibility of using a gold mining fund or a precious metals mining fund as a form of portfolio insurance. I have thought about this because of a family member's investment in a gold mining fund and Bill Bernstein's comments about the Vanguard Precious Metal...
by nedsaid
Tue Nov 04, 2014 2:54 pm
 
Forum: Investing - Theory, News & General
Topic: Christine Benz Interviews Bill Bernstein
Replies: 33
Views: 3856

Re: "Gut Feelings," Our "Backup Brain"

I believe that "gut feelings" often reflect the subconscious mind. The brain does a lot of processing that we are not consciously aware of. For example, a business owner might pore over the financial records for his business and get a feeling that something isn't quite right. Some of this ...
by nedsaid
Tue Nov 04, 2014 2:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Gut Feelings," Our "Backup Brain"
Replies: 22
Views: 2102

Re: Jack Bogle: Shut your eyes and let the indexes work

As normal, Mr. Bogle dispenses very sensible advice.
by nedsaid
Tue Nov 04, 2014 10:08 am
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle: Shut your eyes and let the indexes work
Replies: 8
Views: 2525

Re: Need advice on Asset Allocation

I really appreciate all the great advice. I am having trouble coming to terms with the idea of subtracting >30% from my stock allocation to account for the value of the hospital investment. Reasons for this are: 1). Right or wrong, I have always considered my investments with Ameriprise separate fr...
by nedsaid
Tue Nov 04, 2014 9:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Need advice on Asset Allocation
Replies: 39
Views: 4512
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