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

Does a stable value fund count? Vanguard's TIPS fund? That's it. Otherwise 100% indexed. I would never even think about going back to actively managed funds by choice. It may seem counter-intuitive to some, but there was nothing more reassuring during the depths of the great recession than knowing I...
by petrico
Sun Dec 21, 2014 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: What "actively" managed funds do you own?
Replies: 68
Views: 2627

Re: How do you define "being rich"?

Monetarily rich is not having to even think about money.

I'm sure that happens at different levels of wealth for different people.

--Peter
by petrico
Sat Dec 20, 2014 8:21 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 114
Views: 5681

Re: Why Vanguard Pacific fund tanks when Pacific markets soa

This has happened before, but I can't swear it wasn't around the time of a quarterly distribution. I would expect both the time lag between market closes and currency fluctuations to effect the relative (daily) performance of the pacific stock markets and the US Mutual funds that track them, but I ...
by petrico
Sat Dec 20, 2014 8:11 pm
 
Forum: Investing - Theory, News & General
Topic: Why Vanguard Pacific fund tanks when Pacific markets soar?
Replies: 7
Views: 1135

Re: MM expense Ratio [Money Market]

I'm surprised you haven't seen this before. I've noticed that whenever ERs drop, Vanguard posts the banner notification for the first page load (or is it the first login?) after the change. After that, I suppose you are considered notified. I can't say I recall the same banner notification when ERs ...
by petrico
Sat Dec 20, 2014 11:49 am
 
Forum: Investing - Theory, News & General
Topic: MM expense Ratio [Money Market]
Replies: 15
Views: 1470

Re: Bogle: How Bond Indexing Could Be Better

bertilak, I've just skimmed the interview text so far, but my take is that you are reading far too much into the details. Jack Bogle begins the discussion citing higher yield as the rationale for adding corporates. And he ends the interview referring again to yields as the motivation for the change....
by petrico
Wed Dec 17, 2014 7:21 pm
 
Forum: Investing - Theory, News & General
Topic: Bogle: How Bond Indexing Could Be Better
Replies: 14
Views: 1275

Re: Better Costs: ETFs or Admiral Shares?

Tangentially related to costs, but curious about people's error rate when exchanging funds vs. trading ETFs. I once made a mistake with an exchange (moved into the wrong "Intermediate Term... " fund) but I've never made a mistake with an ETF trade. My error rate is identical for both mutu...
by petrico
Wed Dec 17, 2014 6:17 am
 
Forum: Investing - Theory, News & General
Topic: Better Costs: ETFs or Admiral Shares?
Replies: 53
Views: 3778

Re: Better Costs: ETFs or Admiral Shares?

I'm glad to see the OP thinking about re-balancing. If you factor in the cost of your time, Admiral shares win hands down. Just think through the process of re-balancing with ETFs: every overweight position needs to be first sold, then each underweight position needs to be bought. There's no "...
by petrico
Tue Dec 16, 2014 11:31 pm
 
Forum: Investing - Theory, News & General
Topic: Better Costs: ETFs or Admiral Shares?
Replies: 53
Views: 3778

Re: Better Costs: ETFs or Admiral Shares?

I agree it is a losing proposition. However, familiarity helps quite a bit. The forum does get questions from folks who have never exchanged mutual funds before and are quite intimidated by that. Once they do it a few times, it turns out to be no big deal. Right. And yet, the fact remains that no m...
by petrico
Tue Dec 16, 2014 11:20 pm
 
Forum: Investing - Theory, News & General
Topic: Better Costs: ETFs or Admiral Shares?
Replies: 53
Views: 3778

Re: Better Costs: ETFs or Admiral Shares?

You guys crack me up. With a good broker, one can enter a conditional order for ETFs which could be an exchange order. Consider this mutual fund order: Buy $2,000 of VTIAX at the end of the day, but only after selling $2,000 of VTSAX at the end of the same day. See? That's a conditional order. Also...
by petrico
Mon Dec 15, 2014 8:08 am
 
Forum: Investing - Theory, News & General
Topic: Better Costs: ETFs or Admiral Shares?
Replies: 53
Views: 3778

Re: Better Costs: ETFs or Admiral Shares?

The difference is small, but the wiki gives the admiral shares a slight edge: http://www.bogleheads.org/wiki/ETFs_vs_mutual_funds#Trading_costs Without trading though, it's the same. without trading? So if someone needed to rebalance at the end of the year and additional money would not cover all t...
by petrico
Mon Dec 15, 2014 7:22 am
 
Forum: Investing - Theory, News & General
Topic: Better Costs: ETFs or Admiral Shares?
Replies: 53
Views: 3778

Re: International Vanguard Index Funds which ones?

I've created by Investment plan and it calls for a 50/50 split between Domestic and international stocks. The international portion has a 3-way split between International small cap, large cap and emerging markets. A couple of Q; What is the fundamental difference between 'small cap/large cap' and ...
by petrico
Sun Dec 14, 2014 10:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: International Vanguard Index Funds which ones?
Replies: 7
Views: 1165

Re: Vanguard's International Small Cap Fund -ETF vs Mutual F

mpw219, Yes, unfortunately the ETF is definitely cheaper. I say "unfortunately" because I really dislike having to trade those filthy ETFs. Oh sure, I can do it, but it's a time-consuming hassle, and the markets are only open when I'm at work. ETFs also make annual re-balancing a royal pai...
by petrico
Sun Dec 14, 2014 10:26 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard's International Small Cap Fund -ETF vs Mutual Fund
Replies: 17
Views: 1939

Re: Where to place International REIT?

^ Thanks grabiner. Another way to put it is that between taxes and fees, VNQI in tax advantaged is at a disadvantage of about 35 basis points. I guess I'm skeptical that the diversification benefits are worth giving up that much in returns right off the top. Larry Swedroe implies it's worth it in t...
by petrico
Sat Dec 13, 2014 7:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to place International REIT?
Replies: 9
Views: 946

Re: How long do grilles last?

I remember my dad grilling and I thought it lasted forever (without cleaning ) :D Time accelerates as you get older. :wink: When you were a kid, 8 years pretty much was forever! My Weber 3-burner gas grill is ~13 years old, but it sees only light use now, and gets brought under cover for the winter...
by petrico
Mon Dec 08, 2014 12:08 am
 
Forum: Personal Consumer Issues
Topic: How long do grilles last?
Replies: 26
Views: 2465

Re: Muliple Vanguard "Total Stock Market Index" funds questi

But, at least in this case, why have two of them? RM See this post for the explanation of the creation of the Total Bond Market II: Vanguard Introduces Total Bond Market II Fund It's possible that there was a similar reason for creating a second total stock market index fund. Or there was some othe...
by petrico
Sun Dec 07, 2014 1:25 pm
 
Forum: Investing - Theory, News & General
Topic: Muliple Vanguard "Total Stock Market Index" funds question
Replies: 17
Views: 1056

Re: Muliple Vanguard "Total Stock Market Index" funds questi

You got me curious, so I looked at the statutory prospectuses. (You can find them from the page you linked by clicking the respective funds, and clicking the "more" link in the "Literature" section on the right margin.) They both track the same index (the CRSP US Total Market Ind...
by petrico
Sun Dec 07, 2014 1:03 pm
 
Forum: Investing - Theory, News & General
Topic: Muliple Vanguard "Total Stock Market Index" funds question
Replies: 17
Views: 1056

Re: 4% Rule Article on Vanguard Site

This is very interesting. I especially found the impact of high cost to be enlightening. Thanks for sharing. Laura Yes, the effects of high fees are significant. The FIRECalc website is a great place to get a more first-hand feel for the effects of fees on sustainable withdrawal rates. Not only can...
by petrico
Thu Dec 04, 2014 9:54 pm
 
Forum: Investing - Theory, News & General
Topic: 4% Rule Article on Vanguard Site
Replies: 4
Views: 988

Re: 457 Plan (Gov.) - Traditional or Roth?

Good question, TXAGBH. I was hoping for a long and vigorous debate on this very question, as I also participate in a governmental 457(b) plan that now offers both "traditional" pre-tax contributions and after-tax Roth contributions. In my situation, I believe the pre-tax contributions are ...
by petrico
Mon Dec 01, 2014 7:22 am
 
Forum: Investing - Help with Personal Investments
Topic: 457 Plan (Gov.) - Traditional or Roth?
Replies: 5
Views: 590

Re: Opinions Please - REIT's vs. EM

As for REITs vs EM, I think the decision should be REITs vs TSM or EM vs TISM and not REITs vs EM. I agree. And the proposed EM overweight is pretty hefty. (I overweight EM, but only marginally.) With REIT's at 50 + as a PE and EM at 14, I am considering swapping this 7.5% position. International i...
by petrico
Thu Nov 27, 2014 10:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Opinions Please - REIT's vs. EM
Replies: 21
Views: 1774

Investing in 100 Words

Kaye Thomas at Fairmark.com has a knack for clear, concise explanations. He must have challenged himself to write this 100-word summary of investing basics. I just happened upon this article on my last visit to the Fairmark.com site. Investing in 100 Words Is it possible to say all you really need t...
by petrico
Tue Nov 25, 2014 2:13 am
 
Forum: Investing - Theory, News & General
Topic: Investing in 100 Words
Replies: 19
Views: 1942

Re: Wash sale

Hi again oasis, Just wanted to pass on a couple of other tips. If you intend to return to the VG Total International index, it might come in handy to know that you can sidestep the 60 day frequent trading limitation by making at least one of the trade requests by regular US mail. You'll still be lim...
by petrico
Tue Nov 25, 2014 1:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Wash sale
Replies: 5
Views: 654

Re: Want to Save Money: Be grateful

Very interesting and timely article. Thanks for posting. (And this is very clearly a legitimate behavioral finance topic.) But those feeling grateful showed almost double the financial patience. They required $30 in the moment to forgo the $100 reward a year from now. What’s more, the amount of pati...
by petrico
Sun Nov 23, 2014 9:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Want to Save Money: Be grateful
Replies: 11
Views: 2887

Re: Saving Strategy For a Young Person?

What is his best strategy to leverage his earned income to maximize his tax-advantaged retirement savings? Maybe he shouldn't be so concerned with maximizing his tax-advantaged retirement savings. Maybe simply maximizing savings or maximizing retirement savings is better. I guess the word "tax...
by petrico
Sun Nov 23, 2014 9:45 am
 
Forum: Investing - Theory, News & General
Topic: Saving Strategy For a Young Person?
Replies: 17
Views: 2103

Re: Wash sale

My first post. I would like to undertake some tax loss harvest. Will sell VG Total International Stock and buy VG International Growth and sell Oakmark International and buy VG International Growth. Will either trade result in a wash sale? Thanks for your help. Welcome to the forum oasis. The trade...
by petrico
Sat Nov 22, 2014 12:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wash sale
Replies: 5
Views: 654

Re: Jack Bogle says VTBMX + VICSX?

I saw an interview on the Morningstar website (see link below) where Jack Bogle was saying VTBMX should be augmented with a corporate bond fund to better represent the US bond market (VICSX). He said a 50/50 split across the two would be appropriate. Anyone else see this video? Any thoughts? Here i...
by petrico
Mon Nov 17, 2014 8:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Jack Bogle says VTBMX + VICSX?
Replies: 15
Views: 2395

Re: car sensor showing TPMS sign

My car showed TPMS sign , MIDAS just says replace the tire as valve is stuck and air cannot be filled. Firestone says replace the sensor.. Any ideas what should be done? Thanks! Replacing the tire due to a bad valve sounds very wrong, as the valve can be replaced without compromising the tire. My u...
by petrico
Sun Nov 16, 2014 11:35 am
 
Forum: Personal Consumer Issues
Topic: car sensor showing TPMS sign
Replies: 26
Views: 1878

Re: Harry's razors

gkaplan wrote:I have been using a Mach 3 razor for ages. I change blades once a year.

Wow -- that's good. :beer

--Peter
by petrico
Sun Nov 16, 2014 11:11 am
 
Forum: Personal Consumer Issues
Topic: Harry's razors
Replies: 53
Views: 5733

Re: Harry's razors

Thanks for the reference to "Kiss My Face" shaving cream. I thought I was the only guy using it. Another steady Mach3 user here, also. A blade seems to last ~2-3 months, so cost isn't a huge issue. I like the convenience of being able to shave very quickly without getting nicked. --Peter ...
by petrico
Sun Nov 16, 2014 11:10 am
 
Forum: Personal Consumer Issues
Topic: Harry's razors
Replies: 53
Views: 5733

Re: Why own International at all?

^^ Great comments, as usual, dbr. The statement is often made that one should not confuse outcome with strategy, meaning that what actually happens in the short run does not establish that a strategy was/is good or bad. My only comment is to reinforce the last point. Unless the AA shift was intended...
by petrico
Sun Nov 16, 2014 11:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Why own International at all?
Replies: 45
Views: 4426

Re: Sell or repair car decision

Tough call. For me, it would depend on the overall condition of the rest of the car. Is it getting worn out in other respects? Suspension issues? Drivetrain wear? Body integrity? Corrosion? If it's holding up fine elsewhere, I'd be inclined to have the head gasket replaced and keep running it. On th...
by petrico
Sat Nov 15, 2014 11:28 pm
 
Forum: Personal Consumer Issues
Topic: Sell or repair car decision
Replies: 23
Views: 2681

Re: Value Averaging: My experience after 9 years

Does anyone know if the 2006 and 1993 editions have any differences other than forwards and prefaces? There are minor updates to incorporate the additional years of data through 2005, which span the dot-com crash years. Thanks for sharing, oneleaf. I commend you for staying the path -- as you must....
by petrico
Sat Nov 15, 2014 10:47 pm
 
Forum: Investing - Theory, News & General
Topic: Value Averaging: My experience after 9 years
Replies: 24
Views: 4275

Re: Harry's razors

A closely related topic is the use of pre-shave oils. I started using them prior to applying the lather. Makes for a much more comfortable shave. I buy the Badger brand from Whole Foods. I also stopped using aerosol foams. They felt cold on my face. I use shaving soap bars or shaving cream from a p...
by petrico
Sat Nov 15, 2014 10:15 pm
 
Forum: Personal Consumer Issues
Topic: Harry's razors
Replies: 53
Views: 5733

Re: Expenses are ??

"Expenses are the best predictor of future performance" In the past, I picked funds by past performance and did poorly investing. I'm not quite understanding the quote above. It's off the Boglehead videos. Can anyone help explain it, please? Q Q, Morningstar did a fine job of answering th...
by petrico
Sat Nov 15, 2014 7:35 am
 
Forum: Investing - Theory, News & General
Topic: Expenses are ??
Replies: 11
Views: 1694

Re: ROTH IRA Question

How i can figure out income on the contributions. (I have money from prior years invested in the same fund) Hmmm... it seems a little tedious, but not too bad. (I've never done it.) This explanation from Investopedia seems fairly complete: How To Correct Ineligible (Excess) IRA Contributions --Peter
by petrico
Tue Nov 11, 2014 10:04 pm
 
Forum: Investing - Theory, News & General
Topic: ROTH IRA Question
Replies: 7
Views: 832

Re: ROTH IRA Question

This page from Fairmark.com might answer your question: Excess Contributions to Roth IRAs.

Also, Roth eligibility phases out based on you modified adjusted gross income: Roth IRA Phase-Out Rules

Hope that helps.

--Peter
by petrico
Tue Nov 11, 2014 9:29 pm
 
Forum: Investing - Theory, News & General
Topic: ROTH IRA Question
Replies: 7
Views: 832

Re: Calculating return

I think the main reason people want to compute their returns is precisely because they want to know what they would have gotten if instead they had everything in a TR or Life Strategy fund, or if they had stayed the course instead of following the hot tips on CNBC. (Or vice-versa.) And to answer su...
by petrico
Sun Oct 26, 2014 10:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Calculating return
Replies: 35
Views: 3149

Re: "Vanguard converting mutual fund accounts to brokerage?

Does anyone know if there is a minimum balance required for the sweep account? My prior understanding (which may have been incorrect?) is that you had to maintain a $3,000 Money Market balance to have a brokerage account. You need a sweep account, but I've held less that 100 bucks in the Roth IRA m...
by petrico
Sun Oct 26, 2014 9:17 am
 
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 252
Views: 16823

Re: Barron's article: Don't Panic! (retirement news & theory

About 86% of Americans in the top quartile of pre-retirement income will have enough money to cover average daily expenses in retirement, including housing, food and transportation, as well as long-term care, according to EBRI. Clearly, the article was written for this group. What about the other t...
by petrico
Mon Sep 22, 2014 1:36 pm
 
Forum: Investing - Theory, News & General
Topic: Barron's article: Don't Panic! (retirement news & theory)
Replies: 28
Views: 3871

Re: Tax loss harvesting

livesoft wrote:It turns out that TLH is easier with Vanguard mutual funds than with ETFs.

Thank you, finally, for that concession. (Practically everything is easier with mutual funds. 8-) )

--Peter
by petrico
Thu Aug 28, 2014 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting
Replies: 33
Views: 2029

Re: invest only in vtsmx and total bond market index.

Does John Bogle still recommend investing in the total stock market index fund and the total bond market index fund only without adding any international securities? Absolutely not! (Anyone who thinks Jack's TSM/TBM recommendation hasn't changed hasn't been paying attention.) Jack now considers the...
by petrico
Tue Aug 26, 2014 6:31 pm
 
Forum: Investing - Theory, News & General
Topic: invest only in vtsmx and total bond market index.
Replies: 8
Views: 1621

Re: Why do we tip restaurant servers?

I used to hate tipping. Not because I hated parting with the money, just because it felt awkward, and even somehow a little demeaning to throw a few dollars (figuratively) at someone. Then I dated a waitress, and my perspective changed completely. They work their butts off, they depend on the income...
by petrico
Fri Aug 22, 2014 7:37 pm
 
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 2425

Re: WSJ/Zweig- The Decline and Fall of Fund Managers

"...owning index funds is neither easy nor quick: You must give up all hope of ever beating the market, resign yourself to a stupefyingly boring portfolio and wait years for the advantages of the cost savings to pile up." Beautiful line! --Peter That's why I tilt to SCV. I get that extra ...
by petrico
Fri Aug 22, 2014 7:18 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ/Zweig- The Decline and Fall of Fund Managers
Replies: 21
Views: 2662

Re: WSJ/Zweig- The Decline and Fall of Fund Managers

Jason Zweig wrote:"...owning index funds is neither easy nor quick: You must give up all hope of ever beating the market, resign yourself to a stupefyingly boring portfolio and wait years for the advantages of the cost savings to pile up."


Beautiful line!

--Peter
by petrico
Fri Aug 22, 2014 6:50 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ/Zweig- The Decline and Fall of Fund Managers
Replies: 21
Views: 2662

Re: To be truly rich, take stock of your life before investi

Food for thought. I believe this is a realistic result to expect by following boglehead principles, not to get rich but to live comfortably. So why bother to invest? Well, what investing really does is it makes your life a bit more comfortable. You’ll be able to go on a few more vacations, eat out ...
by petrico
Wed Aug 20, 2014 8:14 pm
 
Forum: Investing - Theory, News & General
Topic: To be truly rich, take stock of your life before investing
Replies: 30
Views: 4676

Re: bond duration and interest rate risk

So to summarize, if interest rates stay same: long term wins by 0.8% . If interest rates spike, intermediate may or may not win. Looking at historical performance chart, this appears to be the case( long term fund is ahead most of the time, except when they both dip, it dips more). So if I know tha...
by petrico
Sun Jul 27, 2014 12:27 pm
 
Forum: Investing - Theory, News & General
Topic: bond duration and interest rate risk
Replies: 33
Views: 3193

Re: bond duration and interest rate risk

So to summarize, if interest rates stay same: long term wins by 0.8% . If interest rates spike, intermediate may or may not win. Looking at historical performance chart, this appears to be the case( long term fund is ahead most of the time, except when they both dip, it dips more). So if I know tha...
by petrico
Sun Jul 27, 2014 12:05 pm
 
Forum: Investing - Theory, News & General
Topic: bond duration and interest rate risk
Replies: 33
Views: 3193

Re: Adding Corporates to Total Bond Market Index

What happened to the "stay the course" motto? I do hope you see the irony in your query. (A few years ago, "stay the course" had not yet become "stay the course -- after switching to corporate bonds.") --Peter Peter, I don't see the irony because I have always favored ...
by petrico
Tue Jul 22, 2014 7:24 pm
 
Forum: Investing - Theory, News & General
Topic: Adding Corporates to Total Bond Market Index
Replies: 76
Views: 7410

Re: Adding Corporates to Total Bond Market Index

Munir wrote:What happened to the "stay the course" motto?

I do hope you see the irony in your query.

(A few years ago, "stay the course" had not yet become "stay the course -- after switching to corporate bonds.")

--Peter
by petrico
Mon Jul 21, 2014 8:02 pm
 
Forum: Investing - Theory, News & General
Topic: Adding Corporates to Total Bond Market Index
Replies: 76
Views: 7410

Re: Poll: Has your AA changed in the last 18 months

@sscritic -- thanks for the explanation. Those look like relatively minor adjustments around the edges? Just out of curiosity, do you think, on average, your returns were helped or hurt by your adjustments over the years?

--Peter
by petrico
Sun Jul 20, 2014 11:02 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Has your AA changed in the last 18 months
Replies: 58
Views: 3826

Re: Poll: Has your AA changed in the last 18 months

I picked the top option, but I don't know if you really meant it the way it applies to me. I'm on a predetermined slide towards a 20% "risk-free" asset allocation as I approach retirement. Strictly speaking, it's because I consider my ability to take risk to be lower the closer I get to r...
by petrico
Sun Jul 20, 2014 10:58 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Has your AA changed in the last 18 months
Replies: 58
Views: 3826
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