Search found 589 matches

by pascalwager
Wed Sep 02, 2015 2:47 am
Forum: Investing - Theory, News & General
Topic: Excel function to return latest price
Replies: 13
Views: 1042

Re: Excel function to return latest price

aznkaz wrote:As an alternative you can use Google sheets and the function googlefinance.


Terrific, I wasn't even aware of this function. Now my GoogleDrive sheet updates daily. Thanks for the tip.
by pascalwager
Sun Aug 30, 2015 12:11 am
Forum: Investing - Theory, News & General
Topic: Aug 2015 correction: what Bogleheads did...
Replies: 116
Views: 6071

Re: Aug 2015 correction: what Bogleheads did...

I don't need to rebalance. My stocks are the VG TWS fund and I just keep about $50k in Treasury funds and a slug of "cash". If I did rebalance, it would be every few years with no influence by market events.
by pascalwager
Wed Aug 19, 2015 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Money Movement into Escrow
Replies: 8
Views: 684

Re: Money Movement into Escrow

I think I now have a reasonable solution, although it will require making two separate transfers into the escrow account. It turns out that the online bank makes direct wire transfers, which I hadn't expected. You just fill out two forms off their website and mail them in to the online bank, specify...
by pascalwager
Tue Aug 18, 2015 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Money Movement into Escrow
Replies: 8
Views: 684

Re: Money Movement into Escrow

Go to Wells Fargo and talk to the senior banker in detail about your plans. He/she can advise you on exactly what can be done and the schedule. I suspect there are other rules besides the FICA ones about "money ageing" and "money sources" if the amount is over $100K. I had to wa...
by pascalwager
Tue Aug 18, 2015 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Money Movement into Escrow
Replies: 8
Views: 684

Re: Money Movement into Escrow

In a few weeks I'm going to need to move a sum of about $420k into an escrow account. I'll probably use a wire transfer from my Wells Fargo checking account although I have no experience using a wire. Meanwhile I'll be moving money from Vanguard and an online bank into the WF checking account. The ...
by pascalwager
Tue Aug 18, 2015 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Money Movement into Escrow
Replies: 8
Views: 684

Money Movement into Escrow

In a few weeks I'm going to need to move a sum of about $420k into an escrow account. I'll probably use a wire transfer from my Wells Fargo checking account although I have no experience using a wire. Meanwhile I'll be moving money from Vanguard and an online bank into the WF checking account. The o...
by pascalwager
Sun Aug 16, 2015 7:13 pm
Forum: Investing - Theory, News & General
Topic: Short-Term Investment Grade Corporate Bond Funds
Replies: 12
Views: 1773

Re: Short-Term Investment Grade Corporate Bond Funds

The problems I see would be if you don't plan on holding them to maturity (or slowly bring your duration down over time) and liquidity problems hit when you need the money. In the midst of the 2008-2009 crisis people didn't want to lend to anybody, and selling even high quality short-term bonds mig...
by pascalwager
Sat Aug 08, 2015 10:47 pm
Forum: Personal Consumer Issues
Topic: iPad - usefulness?
Replies: 53
Views: 3976

Re: iPad - usefulness?

My basic device is my all-in-one, touch-screen, 23" desktop PC. It's installed in a PC desk with shelves and drawers and I use it for any serious work. I find it to be ideal and optimal, but it is expensive. I bought the iPad to use laying down on the bed or on a lounge chair in the patio--and...
by pascalwager
Fri Aug 07, 2015 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: $200k to invest in a taxable account
Replies: 18
Views: 2494

Re: $200k to invest in a taxable account

I wrote this blog post to help address questions like this: One Goal, One Portfolio . You've done the right thing by sharing all of your other investments, but I would think of the $200K as part of the portfolio, currently invested in safe, short-term fixed income, not as a separate thing. How did ...
by pascalwager
Fri Aug 07, 2015 3:19 pm
Forum: Personal Consumer Issues
Topic: Hike the Pacific Crest Trail/JMT
Replies: 59
Views: 6719

Re: Hike the Pacific Crest Trail/JMT

I hiked the JMT from Tuolumne Meadows to Whitney Portal (the JMT actually begins 3500' lower in Yosemite Valley) over a period of 24 days. I've backpacked widely in the western US, but the extensive, highly glaciated valleys in the High Sierras make this trip uniquely appealing! My advice would be t...
by pascalwager
Fri Aug 07, 2015 2:22 pm
Forum: Personal Consumer Issues
Topic: iPad - usefulness?
Replies: 53
Views: 3976

Re: iPad - usefulness?

My basic device is my all-in-one, touch-screen, 23" desktop PC. It's installed in a PC desk with shelves and drawers and I use it for any serious work. I find it to be ideal and optimal, but it is expensive. I bought the iPad to use laying down on the bed or on a lounge chair in the patio--and ...
by pascalwager
Tue Aug 04, 2015 12:53 am
Forum: Investing - Theory, News & General
Topic: rank order fixed income options
Replies: 37
Views: 3884

Re: rank order fixed income options

1) HY Savings (1.05%)
2) I Bonds
3) Treasury bond funds combined to provide 4 years duration
4) CDs

I prefer to take risks with equities rather than fixed income, so no credit risk for me (corporate or munis).
by pascalwager
Sat Aug 01, 2015 6:21 pm
Forum: Investing - Theory, News & General
Topic: Ready to Give Up on Emerging Market Stocks?
Replies: 47
Views: 4890

Re: Ready to Give Up on Emerging Market Stocks?

I have 2.8% EM overall (equities), but not by intention. Most of my VG equities are in TWS, which provides the market amount of EM (9.2%), and I'm fine with that. But my non-VG equities are largely EM-free and hard to change, thus the overall low percentage EM.
by pascalwager
Sat Aug 01, 2015 1:22 am
Forum: Investing - Theory, News & General
Topic: Fixed Assets For Long Term
Replies: 9
Views: 1758

Re: Fixed Assets For Long Term

I like Larry Swedroe's recommendation to establish a compromise between inflation risk and reinvestment risk. According to Larry, this requires a duration of about 4 years. So I go with 1/2 VG Short-Term Treasury and 1/2 VG Intermediate Treasury Funds for long-term investing.
by pascalwager
Sat Jul 25, 2015 10:45 pm
Forum: Investing - Theory, News & General
Topic: Transfer maturing Ally Bank IRA CD to new Synchrony Bank IRA CD
Replies: 5
Views: 997

Re: Transfer maturing Ally Bank IRA CD to new Synchrony Bank IRA CD

I had a minor problem at Synchrony trying to stop a CD rollover. A secure email three weeks before maturity, indicating my wishes, was evidently initially overlooked and I discovered that the CD had rolled over into a new CD. I knew I had a 10-day grace period to close the new CD so I wasn't worried...
by pascalwager
Sun Jul 19, 2015 5:12 pm
Forum: Investing - Theory, News & General
Topic: When did you start investing in the Market?
Replies: 60
Views: 3634

Re: When did you start investing in the Market?

Began buying T-Bills in 1980. Continued for next 15 years.
by pascalwager
Thu Jul 16, 2015 4:59 pm
Forum: Investing - Theory, News & General
Topic: Whatever happened to the advocates of CDs vs Bonds?
Replies: 58
Views: 5759

Re: Whatever happened to the advocates of CDs vs Bonds?

The acceptable versus optimal theme was basic to the excellent Long-Term Returns website (by "Mike")--now sadly defunct due to threatened litigation. He recommended the three-fund portfolio (or TWS plus TBM) as the basic investment, but with the option of optimizing the bonds portion--espe...
by pascalwager
Wed Jul 15, 2015 12:41 pm
Forum: Investing - Theory, News & General
Topic: Where do you put your cash?
Replies: 64
Views: 8176

Re: Where do you put your cash?

Synchrony Bank, 1.05%

Bill Bernstein: "Keep a big slug of cash."
by pascalwager
Tue Jul 14, 2015 2:27 pm
Forum: Investing - Theory, News & General
Topic: Whatever happened to the advocates of CDs vs Bonds?
Replies: 58
Views: 5759

Re: Whatever happened to the advocates of CDs vs Bonds?

Kevin, It would be interesting to see your bond fund layout, including types/percentages of intermediate- and long-term bond funds as per your comments below. "Another thing to remember is that you can mix and match CDs and bond funds. Use the higher yielding CDs instead of the short-to-interme...
by pascalwager
Mon Jul 13, 2015 3:19 pm
Forum: Investing - Theory, News & General
Topic: DFA to run ETFs for John Hancock
Replies: 29
Views: 3777

Re: DFA to run ETFs for John Hancock

Wait a minute. 1) How can DFA apply their approach to ETFs? I thought they depended on "patient trading," on being free not to track an index closely, and being able to discourage investors from performance chasing--all of which would be difficult or impossible with an ETF. 2) And, come t...
by pascalwager
Mon Jul 13, 2015 2:32 pm
Forum: Investing - Theory, News & General
Topic: The "No Bonds" portfolio
Replies: 80
Views: 11546

Re: The "No Bonds" portfolio

I believe the article was referring only to bond funds which had a large percentage of illiquid assets, and not bond funds in general. I could only read the first part of the article because the rest required a subscription. What do you mean by bond funds that have a large percent of illiquid asset...
by pascalwager
Mon Jul 13, 2015 2:22 pm
Forum: Investing - Theory, News & General
Topic: DFA to run ETFs for John Hancock
Replies: 29
Views: 3777

Re: DFA to run ETFs for John Hancock

Are the last four ETFs legitimate asset classes based on investment theory or historical returns? This is surprising! Maybe they'll come with a Fama/French disclaimer.
by pascalwager
Mon Jul 13, 2015 1:12 am
Forum: Investing - Theory, News & General
Topic: How do you do the Larry Portfolio?
Replies: 48
Views: 3871

Re: How do you do the Larry Portfolio?

I understand the concept - but I wonder if Larry would have the same Larry allocation for a 30 year old tenured professor as a 65 year old pre-retiree. I guess he might - that's the whole purpose of LP. But I will admit, I do not have the guts to go 30-40% equities with a 30 year runway to retireme...
by pascalwager
Mon Jul 13, 2015 12:05 am
Forum: Investing - Theory, News & General
Topic: The "No Bonds" portfolio
Replies: 80
Views: 11546

Re: The "No Bonds" portfolio

Since bonds are the most common form of fixed income, people in the board, and I'm guilty of this, have sometimes used the word "bonds" when they really mean fixed income. There should be some fixed income in any portfolio (I know this isn't a view shared by all), but bonds aren't the onl...
by pascalwager
Sun Jul 12, 2015 11:19 pm
Forum: Investing - Theory, News & General
Topic: DFA Matrix Book 2015 - interesting country returns
Replies: 10
Views: 1352

Re: DFA Matrix Book 2015 - interesting country returns

Thanks Robert. I've held six of these DFA funds for 20 years--so of especial interest. Over that span I see the size and value premiums in evidence globally, but US soundly beat int'l (50% AA for me).
by pascalwager
Sun Jul 12, 2015 2:35 pm
Forum: Investing - Theory, News & General
Topic: How do you do the Larry Portfolio?
Replies: 48
Views: 3871

Re: How do you do the Larry Portfolio?

I understand the concept - but I wonder if Larry would have the same Larry allocation for a 30 year old tenured professor as a 65 year old pre-retiree. I guess he might - that's the whole purpose of LP. But I will admit, I do not have the guts to go 30-40% equities with a 30 year runway to retireme...
by pascalwager
Fri Jul 10, 2015 11:43 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard's recommended international allocation."
Replies: 63
Views: 6883

Re: "Vanguard's recommended international allocation."

InvestorNewb wrote:I remember at the start of the year, everyone was enthusiastically optimistic about international - including myself. Look how that turned out.


YTD: TSM 2.46%, TISM 4.8%
by pascalwager
Fri Jul 10, 2015 11:18 pm
Forum: Investing - Theory, News & General
Topic: How do you do the Larry Portfolio?
Replies: 48
Views: 3871

Re: How do you do the Larry Portfolio?

The LP includes the DFA Emerging Markets Value Fund which has large, mid, and about 13% small value.
by pascalwager
Tue Jul 07, 2015 8:11 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard's recommended international allocation."
Replies: 63
Views: 6883

Re: "Vanguard's recommended international allocation."

Vanguard's Portfolio Watch Tool recommends between 30 and 50 percent. I have 28% and get flagged with a "Consider" alert to add additional foreign stocks. This is fairly new in that in the more distant past I was not flagged having only 28%. I have learned to ignore Vanguard's alerts. Add...
by pascalwager
Tue Jul 07, 2015 8:16 am
Forum: Investing - Theory, News & General
Topic: "Vanguard's recommended international allocation."
Replies: 63
Views: 6883

Re: "Vanguard's recommended international allocation."

I wonder if Vanguard is headed to a 50/50 allocation over the next few years. The costs continue to decline. They're now recommending "at least" a 40% int'l allocation, so an even higher allocation may be just around the corner. Some DFA advisors were recommending 50% int'l way back in th...
by pascalwager
Tue Jul 07, 2015 8:06 am
Forum: Investing - Theory, News & General
Topic: "Vanguard's recommended international allocation."
Replies: 63
Views: 6883

Re: "Vanguard's recommended international allocation."

abuss368 wrote:I wonder if Vanguard is headed to a 50/50 allocation over the next few years. The costs continue to decline.


They're now recommending "at least" a 40% int'l allocation, so an even higher allocation may be just around the corner.
by pascalwager
Tue Jul 07, 2015 12:27 am
Forum: Personal Consumer Issues
Topic: Vanguard's Security image going away?
Replies: 81
Views: 8585

Re: Vanguard's Security image going away?

Let's say you type in vanguard.com, go there and click on Personal Investors and then create an icon for Personal Investors and install the icon on your Start Screen (Windows 8.1). If you always access Vanguard through that Start Screen icon, is this safe?
by pascalwager
Mon Jul 06, 2015 12:00 pm
Forum: Investing - Theory, News & General
Topic: How aggressive are you in Taxable?
Replies: 37
Views: 3221

Re: How aggressive are you in Taxable?

In investment company taxable I have VG TSM, VG TISM, and five DFA stock funds. My taxable is just as much for retirement as are my IRAs.
by pascalwager
Sat Jul 04, 2015 2:56 pm
Forum: Investing - Theory, News & General
Topic: Morningstar/Kitces -- Social Security as Part of Asset Allocation
Replies: 34
Views: 4004

Re: Morningstar/Kitces -- Social Security as Part of Asset Allocation

I'd like to see one of the advocates (Bogle, Bernstein, Kitces, Ellis) do a book/paper/pamphlet on treating SS/pension as a bond including the details of selecting/using PV formulas, or whatever.
by pascalwager
Thu Jul 02, 2015 8:22 pm
Forum: Investing - Theory, News & General
Topic: What is the Duration of Your Bond Portfolio? And Why?
Replies: 61
Views: 5864

Re: What is the Duration of Your Bond Portfolio? And Why?

I like 4.0 years duration right now. I use the following sources as a guide: -DFA 5-Year Global Bond fund duration (I check this fund periodically--currently 4.0 years) -Larry Swedroe (advises seeking a compromise between inflation risk and reinvestment risk) Larry currently recommends 4 to 5 years ...
by pascalwager
Thu Jun 25, 2015 12:54 am
Forum: Investing - Theory, News & General
Topic: What ratio are you stocks/bonds and how old are you?
Replies: 278
Views: 28726

Re: What ratio are you stocks/bonds and how old are you?

Age 72

Stocks 85%, fixed income 15%

Still living on pension income
by pascalwager
Tue Jun 16, 2015 12:06 pm
Forum: Investing - Theory, News & General
Topic: When does the long term start?
Replies: 26
Views: 3553

Re: When does the long term start?

Eugene Fama said 35 years; and even then, you're not assured of a gain.
by pascalwager
Fri Jun 12, 2015 6:21 pm
Forum: Investing - Theory, News & General
Topic: Intermediate Treasury Bond Fund
Replies: 16
Views: 2387

Re: Intermediate Treasury Bond Fund

I use the DFA 5-Year Global Bond Fund as a guide for duration, also Larry Swedroe's current duration recommendation based on a compromise between inflation risk and reinvestment risk. Currently, this is about 4 years duration for me.
by pascalwager
Thu Jun 11, 2015 6:17 pm
Forum: Investing - Theory, News & General
Topic: Intermediate Treasury Bond Fund
Replies: 16
Views: 2387

Re: Intermediate Treasury Bond Fund

I like a shorter, four-year duration, so I combine the ST and IT term Treasury funds. I stick to Treasuries for fixed income to minimize risk and mainly take my risk in stocks.

David Swensen recommends using a barbell: ST and LT Treasury funds to match the Barclays overall Treasury duration.
by pascalwager
Tue Jun 02, 2015 1:46 pm
Forum: Investing - Theory, News & General
Topic: Conventional Wisdom
Replies: 20
Views: 1738

Re: Conventional Wisdom

I started "investing" in 1980: 100% T-Bills for 15 years. I finally became aware of the deferred comp program and stock fund investing at work, but just kept buying T-Bills until 1995 when a CFP got me into MPT investing. At work (deferred comp) I began buying S&P 500, small cap, and E...
by pascalwager
Thu May 28, 2015 9:13 am
Forum: Investing - Theory, News & General
Topic: Another look at why it's important to globally diversify
Replies: 14
Views: 2498

Re: Another look at why it's important to globally diversify

Japan is a pretty unique place imo. Small island nation with declining birth rate, extremely low immigration, homogenous society, limited acceptance of outside cultures/people, deep seated and ancient cultural norms and systems which can suffocate innovation and outside the box type thinking. I don...
by pascalwager
Wed May 27, 2015 3:53 pm
Forum: Investing - Theory, News & General
Topic: Reducing the Black Swans
Replies: 69
Views: 7557

Re: Reducing the Black Swans

The large end of the barbell is Taleb's greatest concern, the 90% in inflation hedging preservation. This is the portion that may impact his sleep quality and he openly welcomes any new hedging proposals.
by pascalwager
Wed May 27, 2015 1:52 pm
Forum: Investing - Theory, News & General
Topic: Reducing the Black Swans
Replies: 69
Views: 7557

Re: Reducing the Black Swans

Spidey The "Larry Portfolio" is uses the very same principles as Taleb, with most of the investments in basically riskless (or near riskless) investments, and the rest in the highest expected returning equity asset class--small value stocks. Larry Larry, Taleb has changed his thinking on ...
by pascalwager
Tue May 26, 2015 12:24 pm
Forum: Investing - Theory, News & General
Topic: Not your father's Total Bond Market Fund anymore
Replies: 86
Views: 10053

Re: Not your father's Total Bond Market Fund anymore

This is still "your father's TBM" because it still invests in the "total bond market".

Personally, for bonds, I prefer to ignore the market makeup and barbell two funds to provide the duration that I prefer, aiming for a compromise between inflation and reinvestment risks.
by pascalwager
Sat May 23, 2015 3:49 pm
Forum: Investing - Theory, News & General
Topic: Simple (ex: DFA core) Vs Complex (S&D multiple segments)
Replies: 11
Views: 1186

Re: Simple (ex: DFA core) Vs Complex (S&D multiple segments)

I have two self-managed (no advisor) DFA multi-factor accounts (nine equity funds), but I find the DFA core approach very appealing. The core funds may be the DFA response to the Vanguard total market funds and their wonderful simplicity. The DFA growth funds allow a growth tilt for an investor who ...
by pascalwager
Sat May 23, 2015 3:19 pm
Forum: Investing - Theory, News & General
Topic: Why not overweight international?
Replies: 37
Views: 3773

Re: Why not overweight international?

I use 50% int'l as that's the long-term global average and I don't want to overweight (>50% int'l) due to higher int'l fund management transaction costs. Int'l currency fluctuations (and so-called "currency risk") do not influence my int'l AA percentage as I'm a long-term investor and the ...
by pascalwager
Thu May 21, 2015 11:07 am
Forum: Investing - Theory, News & General
Topic: How accurate is Vanguard's 'Portfolio Watch'
Replies: 12
Views: 1880

Re: How accurate is Vanguard's 'Portfolio Watch'

Portfolio Watch is quite useful for checking my portfolio total amount and percentages of US stocks, int'l stocks, bonds, and cash. But there are two defects: -If you have int'l funds without a ticker (e.g., variable annuity), the edit function doesn't include style or size. -Once you set up an acc...
by pascalwager
Thu May 21, 2015 1:59 am
Forum: Investing - Theory, News & General
Topic: Optimal Asset Allocation across Investment Horizons?
Replies: 14
Views: 1604

Re: Optimal Asset Allocation across Investment Horizons?

For inflation protection, I like an equity-heavy portfolio, value-tilted and country diverse, but with annual I Bond purchases and maybe some TIPS. This is basically the DFA portfolio set up for me by an advisor 20 years ago and it's still growing in retirement. Bill Bernstein discusses this kind of...
by pascalwager
Mon May 18, 2015 3:18 am
Forum: Investing - Theory, News & General
Topic: AQR's Cliff Asness: Guest appearance on WealthTrack
Replies: 36
Views: 3199

Re: AQR's Cliff Asness: Guest appearance on WealthTrack

Asness seemed to be saying that 40% bonds was too little to provide diversification and would only provide dilution.
by pascalwager
Sat May 16, 2015 3:08 pm
Forum: Investing - Theory, News & General
Topic: How accurate is Vanguard's 'Portfolio Watch'
Replies: 12
Views: 1880

Re: How accurate is Vanguard's 'Portfolio Watch'

Portfolio Watch is quite useful for checking my portfolio total amount and percentages of US stocks, int'l stocks, bonds, and cash. But there are two defects: -If you have int'l funds without a ticker (e.g., variable annuity), the edit function doesn't include style or size. -Once you set up an acco...

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