Bogleheads.org

Morningstar's computerized analysis of fund holdings gets confused with Pimco funds. So I ignore them and look at the documents from Pimco.

Paul

Deadline for Empire State Building IPO looms Shareholders in the Empire State Building have until June to agree to a plan to include the 102-story landmark tower in a projected $5.2 billion, 19-building real estate investment trust or risk losing the value of their shares. ... The company, which is...

How to invest in a Broadway show But for every megamillion-dollar Broadway hit, like “Phantom of the Opera,” “Wicked” or “The Lion King,” there are plenty of flops. In fact, most industry insiders say that only about one in every four Broadway productions turns a profit. “If you’re looking at this ...

Putting that 1-2 percent fee in real money terms (e.g. 8000 per year for the OP) makes it hit home. Otherwise - it sounds like a small amount on the surface. Given how web driven we are nowadays - is there a site or "app" to help see the impact of these fees quickly? This free site calcul...

Pakistan?!

Next thing you know Vanguard will be offering a frontier fund.

Paul

Vanguard doesn't have a muni bond etf.

Ishares has several. MUB is intermediate and SUB is short term.

Paul

MtGox’s Dwolla Account Seized For Unlicensed Money Transmission The world’s largest Bitcoin exchange, MtGox, had its account with Dwolla closed down by the order of the Department of Homeland Security. The fact was first discovered on Monday when OKCupid cofounder Chris Coyne posted a screenshot of...

Don't assume that any individual municipal bond rated "A" that has a higher yield than the rest of the "A" credit rated bonds is really "A" rated. The higher interest rate is a signal it isn't rated "A" any more and should be compared to whatever broad credit ...

If Vanguard is putting EM bond and stock funds in the highest risk category of "5", that seems like a signal to put EM bonds in the equity, aka high volatility bin, portion of the asset allocation.

Paul

The actual Index Universe story is about an IPO ETF, but I'm ignoring that part. Red-Hot US IPO Market ... what’s turning out to be one of the busiest U.S. initial public offering seasons in the past five years thanks to upward momentum in the stock market. So far this year, 64 U.S. companies have c...

http://i44.tinypic.com/2609b45.jpg Nice! 40% drop... no, let's not exaggerate... a 39.8% drop from 7/16/1998 to 9/10/1998, less than two months. In a "bond" fund? If Vanguard has both EM stock and bonds at risk level "5" then put both of them in the high volatility (aka stock) b...

Some of them are ETFs and closed-end funds. Those shouldn't count. We should also look at the size of the companies when they come to IPO, not just the number of companies. Are they becoming larger? I agree there are ETS and CEFs. Just digging through a few I seen a couple over a $1 billion and som...

I took huge TLH losses in 2008-2009, and more on international funds in 2010-2012. This has allowed me to take $3000 off my taxable income every year, saving $750-840 in federal tax, and $238 in Maryland tax when I lived there through 2010 (7.95% tax rate). New Jersey does not allow capital loss ca...

It is very easy to create a successful active fund that beats the market. Here is how to do it: Step 1. Open a new mutual fund and randomly pick 10 stocks Step 2. Repeat Step 1 10 times Step 3. One or two years later close all underpeforming funds and keep those that have beat the market. Step 4. C...

I call [nonsense-- admin LadyGeek] . There have been ~ 52 IPOs in 2013 as of May 14 . 10 in the last week. There is a flood of them queued up to IPO that have been on hold because of market conditions as can be seen by last weeks rush. And that's just for the NYSE. The link above will show a list of...

This article is written by Jason Zweig. He shows that the rich suffer from the same foibles as the non-rich. This article was not fairly ridiculous. He showed that adding layers of advisors and managers did not give the recipients of that advice any better performance or keep them from making behav...

Bill Schultheise's The Coffeehouse Investor.

First investment book I ever read. For sheer learning about the more rounded aspects of investing, Rick Ferri's All About Asset Allocation. Best book ever about explaining correlation.

Paul

I was one of those watching the Frontline episode and I found the example of what a 2% ER is costing me quite eye-opening. You can also view the higher expense as more risky because you need a lot more returns to make up for the fees. The following portfolios have approximately the same expected re...

Reuter's financial blogger Felix Salmon has a couple of articles on Cooper Union which go into more depth. The tragedy of Cooper Union Are Cooper Union’s finances fixable? In reality, as Stewart never really explains, that “endowment performance” was entirely fictional — it was magicked out of thin ...

Not that it does your average investor any good to invest in venture capital. They can pick and choose who invests with them which means "not us." As someone in the tech industry I'm interested in which VC has invested with any company I apply to for employment. Now if I could get a job wi...

Blues wrote:There's a current discussion here:

viewtopic.php?f=1&t=116234

And probably another 50 to 100 threads.

Paul

Search on the index name limited to the web site of the company that manages the index.

Paul

What everyone is trying to say is, "Dividends are NOT forever."

Paul

Dick Couch's:

The Warrior Elite: Seal Class 228
The Finishing School
Down Range

Former Navy Seal writes about the training over the first two books and Afghanistan in the next book and Iraq in "Sheriff of Ramadi" which I haven't read yet.

Paul

There is no SEC defined yield for inflation linked bonds. There is for NOMINAL bonds, but not TIPS.

It's indeterminate. Ishares includes the inflation portion of TIPS in the fund yield and Vanguard doesn't.

Paul

Lots of papers on this topic. Donovan, Colleen and Schnure, Calvin, Locked in the House: Do Underwater Mortgages Reduce Labor Market Mobility? (May 31, 2011). Available at SSRN: http://ssrn.com/abstract=1856073 or http://dx.doi.org/10.2139/ssrn.1856073 The collapse of the housing boom led to an unpr...

Happy Birthday Jack!

Paul

After looking at Merriman's Fidelity list I think I need to review their index funds again because it appears there is a bunch of new ones.

Paul

Yes, for comparison purposes ER plus SEC yield to get the "full yield" of the bonds in the fund. Of course, the underlying duration needs to be roughly the same.

Paul

Start searching on this web site.

https://news.ycombinator.com/

Paul

We can help LadyGeek get to the next 10K by posting everything in the wrong group.

Paul

Nothing is an alternative to a "stock pickers market" because under every market condition I've ever seen it's a "stock pickers market" according to the brokers and pundits.

Paul

Green Street Advisors has a chart they keep of REIT NAV premiums.

http://www.greenstreetadvisors.com/abou ... storical/n

Hit the "historical data" tab at the bottom of the page to see the chart. Currently we are at a 19.1% NAV premium. Long term average is 3.1%

Paul

It's the Stepford Bogleheads!



Paul

Treasury closer to offering floating-rate notes The government moved closer Wednesday to selling floating-rate notes for the first time. In a statement, the Treasury Department said it expects to sell its first floating-rate note sometime between October and March. The notes will have a maturity of...

List of high paying college majors.

viewtopic.php?f=2&t=115566

Petroleum engineer is the highest starting out at $93,500.

Paul

And The Highest-Paid College Majors Are… Here’s the list of top 10 majors for 2013, with starting salaries: Petroleum Engineering: $93,500 Computer Engineering: $71,700 Chemical Engineering: $67,600 Computer Science: $64,800 Aerospace/Aeronautical/Astronautical Engineering: $64,400 Mechanical Engin...

In today's section (yesterday on east coast) the Wall Street Journal ran two different articles in the same C section on the demise of a 60/40 Coffeehouse-type portfolio. Bill, You'll have to come up with a "decaf" version of the Coffehouse Portfolio. On a different note, I really enjoyed...

2. Real estate investor groups and/or hedge funds. These guys are coming into the market in highly foreclosed areas hard to scoop up discounted real estate for rental properties. Right now is probably the best investment environment for single family rentals in 20 years. Add in 10 year US Treasurie...

Expected Returns by Antti Ilmanen. Really, really good roll up on current theory with examples. Almost no math. Dense. If you've only read the Bogleheads guide this is not a good book for you. Read some of Rick and Larrys more advanced books such as All about Asset Allocation and Alternative Investm...

I'm going to laugh the day that DFA comes out with a HY bond fund. Never say never, because advisers were shocked after DFA panned commodities and mid-caps and then found a few billion rea$ons to offer funds. I figure a HY bond fund is not far off. In Expected Returns by Antti Ilmanen in chapter 10...

Vanguard's treasury, muni and investment grade bond funds are passively managed non-index funds. Yes, they have an "active" manager who tries to keep turnover and expenses down.

Paul

$4000 a year is a 16% return on $25K.

Paul

Chip and pin is coming to the US. MasterCard Pins ATM Fraud on Owners Thousands of ATM owners, from megabanks to mom-and-pop operators, could be on the hook for millions in fraud losses if they miss a deadline this month to upgrade their machines. The shift will come if the owners fail to meet an Ap...

The Sorrento Fireside Room sounds good.

Paul

A trillion atoms worth of gold = 10E+12 atoms = 10E+12/6.022E+23 = 1.66E-12 moles = 197 gm/mole * 1.66E-12 moles = 3.27e-10 grams = 0.000327 micrograms = 10.5 trillionths of a Troy ounce worth 15.613 billionths of a dollar. At current interest rates, how much would it cost for me to own a trillion ...

not any overlap of top 5 countries in (FM) versus top 5 countries in (VXUS, VWO, VSS) By definition, FM is whatever isn't DM or EM. So there shouldn't be any overlap in countries if the FM fund is truly FM, and not just duplicating the funds that are already in your EM fund. A lot of the funds that...

Just to make sure everyone sees this. Also, the link to the reading states it is on April 22nd, not the 24th. The thread date appears to be wrong. Paul Let me know the correct date, Paul or Bill, and I'll correct the thread date. Mel, It appears to be April 22nd from the sponsoring bookstore web si...

There really isn't that much difference between 0.05% and "free." Once you get that low it starts turning into a rounding error. With that ER in an ETF the premium/discount or bid/ask spread is a bigger issue.

Paul

tylerherman wrote:What size mattress do you get for that kind of money?

One that acts as a hatch to your stash.

Paul