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Re: Advisor switching companies, self management a possibili

A bank is not a good place to invest, it is very expensive. The bank will normally use a sub-advisor who charges fees on top of the ones the bank charges for it's own profit. Raymond James does appear to be decent choice and certainly better than the bank, but your friend should look carefully at th...
by pkcrafter
Sun Sep 21, 2014 2:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advisor switching companies, self management a possibility
Replies: 6
Views: 317

Re: Trusting our advisor?

Here's the semi-annual report or the 5 year global fund, DFGBX. See pages 23-26. The fund is very diversified, and while U.S. is only 25%, it is by far the largest holding. The goal of this fund is low volatility and high quality. Again, I think it's a good choice. http://us.dimensional.com/media/do...
by pkcrafter
Sun Sep 21, 2014 1:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trusting our advisor?
Replies: 25
Views: 1677

Re: Trusting our advisor?

pattyk, I suspect your advisor used the global fund because it is one of the few--or maybe the only-- intermediate term diversified funds that is rated AA. I think it's a very reasonable choice. added: Your equity allocation is 40% international, which is also a reasonable choice. By coincidence, it...
by pkcrafter
Sun Sep 21, 2014 10:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Trusting our advisor?
Replies: 25
Views: 1677

Re: Risks associated with investing in Vanguard funds

The question has been asked many times and there is a Wiki article on it.

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

Paul
by pkcrafter
Sat Sep 20, 2014 8:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Risks associated with investing in Vanguard funds
Replies: 2
Views: 557

Re: Mechanics of paying a financial advisor

I have been wondering about a very basic issue related to financial advisors. Say that an advisor charges 1% of assets under management. Let's say that a particular client has $1 million dollars in her IRA. The fee is $10,000 for the first year. My question is how does the financial advisor get his...
by pkcrafter
Sat Sep 20, 2014 8:29 pm
 
Forum: Investing - Theory, News & General
Topic: Mechanics of paying a financial advisor?
Replies: 23
Views: 1186

Re: The Case Against Mid Caps? (Say it ain't so!)

Ain't so, but that's why Mel calls them Mel's unloved midcaps. They are the Rodney Dangerfield of asset classes. :happy


Paul
by pkcrafter
Sat Sep 20, 2014 9:57 am
 
Forum: Investing - Theory, News & General
Topic: The Case Against Mid Caps? (Say it ain't so!)
Replies: 22
Views: 2235

Re: please take a look at my 'gone fishing' portfolio and ra

VTSAX Vanguard Total Stock market Admiral, and TSP C/S funds - 36% changed to 45% VSIAX Vanguard Small Cap Value Fund Admiral - 11% changed to 10% VTIAX Vanguard Total International Stock Market Index Admiral - 12% Changed to 10% *VEMAX Vanguard Emerging Markets Index Admiral - 5% *VGSLX Vanguard R...
by pkcrafter
Sat Sep 20, 2014 9:03 am
 
Forum: Investing - Help with Personal Investments
Topic: please take a look at my 'gone fishing' portfolio and rate
Replies: 22
Views: 1599

Re: Hypothetical Question

An important piece of this puzzle is your current withdrawal rate. Second is why do you want to increase your stock allocation? If withdrawal rate is less than 3.5% you could probably go to a higher stock allocation, but I can't recommend small cap overweighting for retirees because it is temperamen...
by pkcrafter
Fri Sep 19, 2014 11:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Hypothetical Question [Portfolio help]
Replies: 10
Views: 634

Re: Shuffling between TSP, Edward Jones, and Vanguard

How much is an 8% contribution? I'm wondering why you are so eager to use a Roth in the 25% tax bracket. Using the regular tax-deferred options will cut your taxes. Not only are your EJ funds high expense, they are front-end loaded. Go to cash in the EJ account and then call Vanguard to initiate the...
by pkcrafter
Fri Sep 19, 2014 11:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Shuffling between TSP, Edward Jones, and Vanguard
Replies: 14
Views: 1316

Re: Jason's Zweig's new dictionary ---enjoy

VOLATILITY - An investor's range of emotion regarding gains vs losses. Each investor's volatility is unique. Some are high volatility :shock: and some are low volatility. 8-) Low volatility investors produce higher returns.


Paul
by pkcrafter
Fri Sep 19, 2014 9:30 am
 
Forum: Investing - Theory, News & General
Topic: Jason's Zweig's new dictionary ---enjoy
Replies: 27
Views: 2431

Re: Proposed: 35% Maximum Bond Allocation, For Life

Landy: That ($2166/year) would last 150 years! Thanks Landy. Tis' indeed a very low withdrawal rate. :oops: Should'a been another 6 on there Apteneodytes, We see both M and MM, but I wish it were standardized. Here's where the confusion stems from. The standard financial abbreviation for million is ...
by pkcrafter
Thu Sep 18, 2014 8:48 pm
 
Forum: Investing - Theory, News & General
Topic: Proposed: 35% Maximum Bond Allocation, For Life
Replies: 37
Views: 3708

Re: Jason's Zweig's new dictionary ---enjoy

Call_Me_Op wrote:Impressive! This represent a tremendous amount of work.


+1

Clever and entertaining, but a lot of thought went into it.


Yes, Fallible, we are counting on you. :happy

Risk Premium? volatility? Load?

Paul
by pkcrafter
Thu Sep 18, 2014 4:16 pm
 
Forum: Investing - Theory, News & General
Topic: Jason's Zweig's new dictionary ---enjoy
Replies: 27
Views: 2431

Re: Financial Psychology - Mind Over Money

An excellent discussion, but I'm now hung-up on OBE, as written by postingname. Is it... OBE Overcome By Events OBE Overtaken By Events OBE Office/Officer of the Order of the British Empire OBE Order of the British Empire OBE Out of Body Experience OBE Outcome-Based Education OBE Online Booking Engi...
by pkcrafter
Thu Sep 18, 2014 2:41 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Psychology - Mind Over Money
Replies: 77
Views: 3532

Re: wine recommendations for this meal?

The answer straight from wine maker Matt Buonchristiani

fresh burrata with peaches Viognier
spicy grilled quail Pinot Noir
ricotta alta gnocchi with swiss chard Dolcetto
grilled akaushi bone-in ribeye Cab or Malbec
milk chocolate cremoso Petite Sirah or Port

enjoy. :sharebeer

Paul
by pkcrafter
Thu Sep 18, 2014 12:33 pm
 
Forum: Personal Consumer Issues
Topic: wine recommendations for this meal?
Replies: 22
Views: 1491

Re: M*'s Samuel Lee on Dividend ETF and Factor Investing

Thanks for the link(s). As noted, it's interesting reading. I noticed Sam Lee demonstrates that once a quality factor is added, HDV has zero alpha, but M* shows a very high alpha for HDV. Also interesting that HDV is a concentrated fund. Petajisto, coincidently the so-author of the study linked by j...
by pkcrafter
Thu Sep 18, 2014 11:43 am
 
Forum: Investing - Theory, News & General
Topic: M*'s Samuel Lee on Dividend ETF and Factor Investing
Replies: 5
Views: 600

Re: Convert from Investor to Admiral?

Yossarian wrote: Whatever you do, don't sell investor shares to buy admiral. It's a conversion. Not taxable if you move from investor shares to admiral shares of the same fund. Some other points to consider "Changes from Investor Shares to Admiral Shares of the same fund are tax-free" . ht...
by pkcrafter
Wed Sep 17, 2014 11:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert from Investor to Admiral?
Replies: 6
Views: 825

Re: Financial Psychology - Mind Over Money

Postingname wrote: But I don't remember seeing anything that I could specifically -- off the top of the bat -- apply to investing. A lot of it applies to investing. Have you seen Behavioral Pitfalls in the Wiki? The people over on the dark side of investing also have a blog category about it: http:...
by pkcrafter
Wed Sep 17, 2014 8:47 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Psychology - Mind Over Money
Replies: 77
Views: 3532

Re: Financial Psychology - Mind Over Money

Postingname wrote: I once glanced through the Kahneman/Ariely book since it's so often mentioned here. I recall seeing that yes, there are some biases that one can be aware of but can't really do anything about. We certainly can't do anything if we don't even know what the pitfalls are. So, No. 1 is...
by pkcrafter
Wed Sep 17, 2014 7:10 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Psychology - Mind Over Money
Replies: 77
Views: 3532

Re: Financial Psychology - Mind Over Money

berntson wrote: The beauty of buy-and-hold investing is that it avoids behavioral mistakes by avoiding behavior instead of avoiding mistakes. The less you look at your investments and the fewer choices you have to make, the fewer opportunities there are for getting things wrong. hmm, well, lets just...
by pkcrafter
Wed Sep 17, 2014 6:04 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Psychology - Mind Over Money
Replies: 77
Views: 3532

Re: Jason's Zweig's new dictionary ---enjoy

Jason at his best. THRIFT, n. The obsolete practice of spending less money than you earn; once believed to be a virtue, now regarded as a disturbing form of deviant behavior Mel, the only comment I have is Jason missed many words that could have been included. I have a feeling that before the Bogleh...
by pkcrafter
Wed Sep 17, 2014 5:22 pm
 
Forum: Investing - Theory, News & General
Topic: Jason's Zweig's new dictionary ---enjoy
Replies: 27
Views: 2431

Re: Proposed: 35% Maximum Bond Allocation, For Life

The curious thing about need and ability to take risk is this: Those who have the ability have very little need, and those that have need have very little ability. If a person retires at 60 with 1MM, 650k in equity and 350k in bonds, and the market drops by 50%, he then has 350k in bonds and 325k in...
by pkcrafter
Wed Sep 17, 2014 1:20 pm
 
Forum: Investing - Theory, News & General
Topic: Proposed: 35% Maximum Bond Allocation, For Life
Replies: 37
Views: 3708

Re: Financial Psychology - Mind Over Money

I think you're on to something. The Wiki agrees. http://www.bogleheads.org/wiki/Behavioral_pitfalls Investors do not net the returns of their funds. The difference is called the behavioral gap. I have come to the conclusion that smart investing is not about maximum returns: it's about minimizing los...
by pkcrafter
Tue Sep 16, 2014 11:22 am
 
Forum: Investing - Theory, News & General
Topic: Financial Psychology - Mind Over Money
Replies: 77
Views: 3532

Re: Recommended Risk assessment questionnaires?

Having searched this forum, I see that opinions of the value of risk assessment questionnaires' are dubious at best. That being said, our son (29) has finally begun to listen to the wisdom of his old man, and now is ready to seriously start investing. I'm looking to connect him to the best question...
by pkcrafter
Tue Sep 16, 2014 12:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Recommended Risk assessment questionnaires?
Replies: 4
Views: 442

Re: Help compare Vanguard Three Fund vs Edward Jones Am. Fun

Retire2044, is your advisor charging you a fee plus the load, or just the loads?

Paul
by pkcrafter
Mon Sep 15, 2014 8:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help compare Vanguard Three Fund vs Edward Jones Am. Fund
Replies: 25
Views: 2105

Re: Randomly-weighted stock portfolios beat the index

A pitch for equal weighting? Mel's unloved midcaps beat large? A mix of S&P500 and Mid caps will beat the S&P500? Sharpe ratio is higher for mid cap index. Mid did beat large during the time frame the study used. If equal weighing is more efficient, it will become the market index. Interesti...
by pkcrafter
Mon Sep 15, 2014 11:57 am
 
Forum: Investing - Theory, News & General
Topic: Randomly-weighted stock portfolios beat the index
Replies: 28
Views: 1990

Re: Help finding URL for PDF

Thanks. I am using Firefox and the right click copy worked just fine, and to retrieve it I just had to click paste. I was thrown-off at bit at first by the clipboard comment though, because Win 8.1 doesn't seem to have a clipboard. Here's the link I was trying to display: https://www.fidelity.com/bi...
by pkcrafter
Mon Sep 15, 2014 9:44 am
 
Forum: Personal Consumer Issues
Topic: Help finding URL for PDF
Replies: 5
Views: 309

Help finding URL for PDF

I posted this Fidelity article, but what I really wanted to show was the PDF file that is linked in the article. https://www.fidelity.com/viewpoints/market-and-economic-insights/quarterly-market-update The PDF link is shown near the top under the title Complete 3rd Quarter Report . If it's opened fr...
by pkcrafter
Sun Sep 14, 2014 7:07 pm
 
Forum: Personal Consumer Issues
Topic: Help finding URL for PDF
Replies: 5
Views: 309

Re: Index Funds Add to demand or follows ?

Do you mean the price of a stock or price of goods? I don't know, but I'd guess index funds do neither.

Paul
by pkcrafter
Sun Sep 14, 2014 6:51 pm
 
Forum: Investing - Theory, News & General
Topic: Index Funds Add to demand or follows ?
Replies: 4
Views: 589

Re: Share your Hot-Rod Portfolio

The Less is More Portfolio.
Total World Stock 75%
Extended Mkt 25%

I'm changing the name to Little Deuce Coup. :happy

Changing this one to Four on the floor

TSM 37.5%
Completion Index 12.5%
Total International 40%
REIT 10%

Paul
by pkcrafter
Sun Sep 14, 2014 3:06 pm
 
Forum: Investing - Theory, News & General
Topic: Share your Hot-Rod Portfolio
Replies: 55
Views: 4121

Re: An Interesting Correlation

I agree with all those who commented on the unreliability of correlations, but it is interesting to see how EDV has performed vs TSM by countering drops with sometimes astonishing positive returns. What caught my attention was the SD of EDV. It's 10X Barclay's agg. bond index. It's about 40-50% high...
by pkcrafter
Sun Sep 14, 2014 2:59 pm
 
Forum: Investing - Theory, News & General
Topic: An Interesting Correlation
Replies: 22
Views: 2048

Re: Do I need to hold my emergency fund in cash?

1. An emergency fund is basically needed to avoid having to sell retirement investments when they are down. 2. An EF is needed if you lose employment so you don't have to tap retirement funds. When things are bad, you may lose employment when investments are down. Tapping retirement assets when you ...
by pkcrafter
Sun Sep 14, 2014 1:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do I need to hold my emergency fund in cash?
Replies: 29
Views: 3263

An Interesting Correlation

So, you want a diversifier? Have you got the nerve? Correlation of Vanguard Extended Duration Treasury ( duration = 24.94) and VTI (total market) is -0.38. You can see the effect here. Zig-zag... http://tinyurl.com/pv295vj EDV performance http://performance.morningstar.com/funds/etf/total-returns.ac...
by pkcrafter
Sat Sep 13, 2014 11:04 pm
 
Forum: Investing - Theory, News & General
Topic: An Interesting Correlation
Replies: 22
Views: 2048

Re: Share your Hot-Rod Portfolio

Wow, very creative. I did notice that a lot of entires are non-index. :shock: Dickerson's Straight Eight is a true Hod-Rod portfolio. YDNAL, thanks for the S&P Global 1200, I've never heard of it before. The S&P Global 1200 provides efficient exposure to the global equity market. Capturing a...
by pkcrafter
Sat Sep 13, 2014 7:40 pm
 
Forum: Investing - Theory, News & General
Topic: Share your Hot-Rod Portfolio
Replies: 55
Views: 4121

Fidelity 3rd Q Economic and Market Data

Lots of data here for the data junkies.

The link leads to a Fidelity overview of the 3rd Q update. In this overview you will find links to the PDF file containing the report.

https://www.fidelity.com/viewpoints/market-and-economic-insights/quarterly-market-update

Paul
by pkcrafter
Sat Sep 13, 2014 7:00 pm
 
Forum: Investing - Theory, News & General
Topic: Fidelity 3rd Q Economic and Market Data
Replies: 1
Views: 280

Re: Experience with financial planner, Bloomington IN?

Try looking on the NAFTA and Garrett Financial Planning Sites. Hourly, fee-only.

Check them out. Here's how...

http://investingroadmap.wordpress.com/2011/02/22/chapter-10-on-your-own-or-hire-an-advisor/

Paul
by pkcrafter
Sat Sep 13, 2014 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Experience with financial planner, Bloomington IN?
Replies: 6
Views: 630

Re: Share your Hot-Rod Portfolio

The Flippin Five: 25% Total Stock Market Index 25% Total International Stock Index 15% FTSE All World Ex-US Small Cap 15% Small Cap Value Index 20% Intermediate-Term Treasury Fund In the land of S and D, I suspect this one is rather popular. Paul The Capsaicin Fund 30% Matthews Emerging Asia Fund M...
by pkcrafter
Sat Sep 13, 2014 3:16 pm
 
Forum: Investing - Theory, News & General
Topic: Share your Hot-Rod Portfolio
Replies: 55
Views: 4121

Re: 100% Small and Value Tilting

JonnyFive, in the end it comes down to this: there are smarter ways to invest. If this were really a good idea, almost all young investors would be doing it. The fact that you are asking is a sign that you don't know enough to invest in such a portfolio. Risk is even riskier when you don't understan...
by pkcrafter
Sat Sep 13, 2014 2:59 pm
 
Forum: Investing - Theory, News & General
Topic: 100% Small and Value Tilting
Replies: 72
Views: 4389

Re: Share your Hot-Rod Portfolio

Day9 wrote:Why max 8 funds? Is this a hot rod contest or a Boy Scouts Pinewood Derby?


Oh, OK, strap on the supercharger!
by pkcrafter
Sat Sep 13, 2014 1:08 pm
 
Forum: Investing - Theory, News & General
Topic: Share your Hot-Rod Portfolio
Replies: 55
Views: 4121

Re: "A Boring Investor's Gambling Portfolio" -Allan Roth

I said earlier that Roth's advice is good for those who have to play. However, it's clear that Allan does not need this money for retirement. I also think Nisiprius is right, for those who "must" gamble, if the 5% is lost, a new 5% will just be grabbed from the retirement portfolio, probab...
by pkcrafter
Sat Sep 13, 2014 12:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: "A Boring Investor's Gambling Portfolio" -Allan Roth
Replies: 8
Views: 1560

Re: Reconstructing Vanguard's International Fund in 401k

Questions: 1. How do I mimic the VG Total International Stock Fund in the 401k? The 401k options track different indexes than VG and VG's includes emerging markets. (I can see that it used to be the same index MSCI EAFE + emerging markets). Morningstar tells me that [url]http://portfolios.morningst...
by pkcrafter
Sat Sep 13, 2014 10:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Reconstructing Vanguard's International Fund in 401k
Replies: 12
Views: 795

Share your Hot-Rod Portfolio

I'd like to see how creative Bogleheads are, so share your ideal S/D equity portfolio (Fantasy portfolio) . Max 8 funds. Also provide an appropriate creative zinger name like Dynamic Duo, Thrifty 3, Core 4, Fab 5, Sniveling Six, :happy, etc. ..... You need to provide % for equity assets, but no need...
by pkcrafter
Fri Sep 12, 2014 9:57 pm
 
Forum: Investing - Theory, News & General
Topic: Share your Hot-Rod Portfolio
Replies: 55
Views: 4121

Re: "A Boring Investor's Gambling Portfolio" -Allan Roth

Thanks for posting the link. Good advice from Roth.


Paul
by pkcrafter
Fri Sep 12, 2014 2:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: "A Boring Investor's Gambling Portfolio" -Allan Roth
Replies: 8
Views: 1560

Re: Angry when stock market is down

Ahhh, Victoria, you are on a roll today. :happy

Investornoob, it sounds like you need some tough love. Just stand there and 100 Bogleheads will walk by and slap you. :sharebeer

Paul
by pkcrafter
Fri Sep 12, 2014 1:36 pm
 
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 3982

Re: Two Fund real Lazy Portfolio?

Is there any reason you can't do a Portfolio made up of Total Stock Market index fund and a Total Bond Market index fund? Seems to me the risk factor is reduced. Is there enough diversification in these two funds? I don't think there is enough diversification. I would simply include international t...
by pkcrafter
Fri Sep 12, 2014 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Two Fund real Lazy Portfolio?
Replies: 36
Views: 4439

Re: The interesting friendship between Gold and SCV

I strongly suspect that both gold and small are a behavioral phenomenon. But again, we run into the problem of long periods of unusual performance. In this case, the great expansion of retail investors in the markets and the tech boom. Nineteen years is a long time to hold small caps without any rew...
by pkcrafter
Fri Sep 12, 2014 11:05 am
 
Forum: Investing - Theory, News & General
Topic: The interesting friendship between Gold and SCV
Replies: 3
Views: 347

Re: Buffett: Modern investment theory is horse-pucky

Some nit-picking... OMAHA, Neb. — A theme that keeps cropping up from Warren Buffett and Charlie Munger at the Berskire Hathaway meeting is their complete disdain for modern portfolio theory and the use of higher-order mathematics in finance. There is a difference between MPT and higher-order math. ...
by pkcrafter
Fri Sep 12, 2014 10:02 am
 
Forum: Investing - Theory, News & General
Topic: Buffett: Modern investment theory is horse-pucky
Replies: 119
Views: 9524

Re: What's your take on this article about annuities vs 10/9

Very bad case of data mining. They didn't even provide the returns they were using, but '84-2000 was an extraordinary time for both bonds and stocks. Their 10/90 portfolio held 1.26M after 5 years, and after 325k in withdrawals. The retirement time frame was 17 years, not 30.

Paul
by pkcrafter
Fri Sep 12, 2014 1:05 am
 
Forum: Investing - Theory, News & General
Topic: What's your take on this article about annuities vs 10/90?
Replies: 9
Views: 914

Re: 100% Small and Value Tilting

JonnyFive wrote:
What would be wrong...

The question should be What could go wrong...

Actually, this would be similar to the Larry Portfolio, but Larry holds a big dose of bonds. Larry is a very smart investor.

Paul
by pkcrafter
Thu Sep 11, 2014 8:44 pm
 
Forum: Investing - Theory, News & General
Topic: 100% Small and Value Tilting
Replies: 72
Views: 4389
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