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Re: IPhone 6 and AT&T Contract Extension

I am in a similar situation. I did the math and found that it is a better deal to do the "AT&T NEXT" or just buy the phone outright. With the 2 year commitment they get you by increasing the monthly fee on the family plan from $15 to $40. Plus the $40 activation fee (which is waved fo...
by vesalius
Wed Sep 17, 2014 9:26 am
 
Forum: Personal Consumer Issues
Topic: IPhone 6 and AT&T Contract Extension
Replies: 14
Views: 988

Re: How much value can an advisor add for the average invest

Now a key here is that I'm referring to the AVERAGE investor. Not the average Boglehead. An advisor provides very little for a Boglehead. But for someone who knows literally nothing about investment, about stocks, bonds etc except what they read in the headlines, what value can an advisor provide? ...
by vesalius
Wed Sep 17, 2014 9:21 am
 
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 71
Views: 4211

Re: IPhone 6 and AT&T Contract Extension

I think you might have changed data plans. I went in there and asked them about buying the phone on the two year contract and you can't do that and get the family shared data plan for $130, that also comes with unlimited talk and text. That $130 plan is for people that buy the phone on the next/ste...
by vesalius
Wed Sep 17, 2014 8:43 am
 
Forum: Personal Consumer Issues
Topic: IPhone 6 and AT&T Contract Extension
Replies: 14
Views: 988

Re: IPhone 6 and AT&T Contract Extension

If this family plan was established more than a year ago you may want to compare to the newest mobile share plans from ATT that are cheaper, particularly with multiple smart phones. It is really easy to switch to the newer plans.
by vesalius
Tue Sep 16, 2014 7:58 pm
 
Forum: Personal Consumer Issues
Topic: IPhone 6 and AT&T Contract Extension
Replies: 14
Views: 988

Re: Macbook Air; how much RAM?

Go with 8. 4 is more than sufficient for now, but the Macbook Air you purchase today can easily last you 4-5 years or even more. Future operating systems and software are not going to get appreciably less memory intensive and there is every reason to believe that they will progressively require more...
by vesalius
Tue Sep 16, 2014 12:33 pm
 
Forum: Personal Consumer Issues
Topic: Macbook Air; how much RAM?
Replies: 38
Views: 1787

Re: 100% Small and Value Tilting

Serious question, what cheaper funds are you referring to? VSS would be my pick. PDN's 0.15 value factor loading, or w/e it is, isn't worth the 0.3% extra ER. Well I just disagree, as I find the multifactor sort, and smaller company focus of PDN worth it over VSS. Neither are bad choices though. VS...
by vesalius
Mon Sep 15, 2014 10:10 am
 
Forum: Investing - Theory, News & General
Topic: 100% Small and Value Tilting
Replies: 70
Views: 3858

Re: Due diligence on RAFI Pure Small Value

A few smaller brokerages offer cheaper trades. OptionsHouse and TradeKing offer etfs and stock trades for $4.75 and $4.95 respectively. Interactive Brokers has $1 commissions. They charge a $10 monthly minimum, but the minimum is waved if you have more than $100,000 invested. Given that I only make...
by vesalius
Mon Sep 15, 2014 9:39 am
 
Forum: Investing - Theory, News & General
Topic: Due diligence on RAFI Pure Small Value
Replies: 125
Views: 11532

Re: 100% Small and Value Tilting

Hallman wrote:
vesalius wrote:
Serious question, what cheaper funds are you referring to?


VSS would be my pick. PDN's 0.15 value factor loading, or w/e it is, isn't worth the 0.3% extra ER.

Well I just disagree, as I find the multifactor sort, and smaller company focus of PDN worth it over VSS. Neither are bad choices though.
by vesalius
Fri Sep 12, 2014 10:02 pm
 
Forum: Investing - Theory, News & General
Topic: 100% Small and Value Tilting
Replies: 70
Views: 3858

Re: 100% Small and Value Tilting

I would look at PXSV on the SV side, PDN on the ISV side and also consider having a emerging markets fund, DGS would fill the bill there. PDN doesn't seem valuey. Why wouldn't I just go with a cheaper fund here? Here is a recent thread on the ISV options: International Small Cap Value Serious quest...
by vesalius
Fri Sep 12, 2014 7:53 pm
 
Forum: Investing - Theory, News & General
Topic: 100% Small and Value Tilting
Replies: 70
Views: 3858

Re: 100% Small and Value Tilting

I would look at PXSV on the SV side, PDN on the ISV side and also consider having a emerging markets fund, DGS would fill the bill there.
by vesalius
Fri Sep 12, 2014 6:08 pm
 
Forum: Investing - Theory, News & General
Topic: 100% Small and Value Tilting
Replies: 70
Views: 3858

Re: Due diligence on RAFI Pure Small Value

Is this ETF offered commission free at any of the online brokerages? I don't have any brokerage accounts at this point. My entire portfolio is held within Vanguard's funds. I have not yet bought ETF's, however, I'm looking to buy into PXSV and given they don't have a fund equivalent, will have to o...
by vesalius
Fri Sep 12, 2014 1:33 pm
 
Forum: Investing - Theory, News & General
Topic: Due diligence on RAFI Pure Small Value
Replies: 125
Views: 11532

Re: How much value can an advisor add for the average invest

Yes people would/could be better off if they took the time to understand and do it themselves, but the facts are that most won't. That is the fundemental disagreement we are having here. Beyond that, people knowing what to do is still only a minor part of the solution. Actually following through co...
by vesalius
Thu Sep 11, 2014 5:13 pm
 
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 71
Views: 4211

Re: How much value can an advisor add for the average invest

Because the "average investor" doesn't WANT to understand even the very basics you need to know to be a Boglehead. We take for granted on this board that everyone here is very knowledgeable and even the relatively clueless people here are actually a lot more knowledgeable about investing ...
by vesalius
Thu Sep 11, 2014 4:31 pm
 
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 71
Views: 4211

Re: How much value can an advisor add for the average invest

Because the "average investor" doesn't WANT to understand even the very basics you need to know to be a Boglehead. We take for granted on this board that everyone here is very knowledgeable and even the relatively clueless people here are actually a lot more knowledgeable about investing ...
by vesalius
Thu Sep 11, 2014 3:35 pm
 
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 71
Views: 4211

Re: How much value can an advisor add for the average invest

I am looking for a fee only advisor that does hourly rates to make sure I am on target, answer a few questions I have. I went to http://www.napfa.org to get a list and emailed a few asking about hourly services. This was the response of one that on their website said specifically they have hourly r...
by vesalius
Wed Sep 10, 2014 3:31 pm
 
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 71
Views: 4211

Re: If no access to DFA, Small Value worth it?

Per http://www.bridgeway.com/strategies/mutual-funds/omni/omni-small-cap-value/fees-expenses/ Limited availability to advisors. Please contact Bridgeway at 713-661-3500, Option 1, for more information. Larry has always noted in the past that he prefers these exclusive type funds and this appears to...
by vesalius
Tue Sep 09, 2014 11:59 am
 
Forum: Investing - Theory, News & General
Topic: If no access to DFA, Small Value worth it?
Replies: 30
Views: 3960

Re: The daddy of all grill islands

I know you said NG, but my absolute favorite are pellet grills. I am partial to the Memphis pellet grills. American made, 5 year warranty that they stand behind, and outstanding construction. They can be used as a smoker, a convection oven, a pizza oven, as well as basic indirect and direct flame gr...
by vesalius
Mon Sep 08, 2014 2:15 pm
 
Forum: Personal Consumer Issues
Topic: The daddy of all grill islands
Replies: 35
Views: 2715

Re: Modulating The Larry Portfolio

Deep Thoughts, might I also suggest reading up on most if not all Robert T's post here on the bogleheads forums. A good starting point is Section 5. Policy targets and sample portfolios of his post , Collective thoughts [investing mini-reference] , pinned at the top of this forum. He also has a Rafi...
by vesalius
Wed Sep 03, 2014 3:21 pm
 
Forum: Investing - Theory, News & General
Topic: Modulating The Larry Portfolio
Replies: 34
Views: 2226

Re: The mystery of MOM

Thanks Larry. Very interesting. I suspect that another factor supporting momentum stocks are the legions of day traders, they love MOM. I think should be reserved for small allocation to individual stock speculation, at least until Vanguard comes out with a low cost MOM fund. Which is probably neve...
by vesalius
Wed Sep 03, 2014 12:08 pm
 
Forum: Investing - Theory, News & General
Topic: The mystery of MOM
Replies: 8
Views: 1024

Re: Financial Advisory Firms

A few articles from prominent writers that post here. The Average Investor Should Use An Investment Advisor: How to Find One When to Use a Financial Advisor In addition to being able to manage and execute a plan less emotionally, they also might offer better tax loss harvesting simply due to better ...
by vesalius
Wed Sep 03, 2014 12:05 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Advisory Firms
Replies: 5
Views: 350

Re: Modulating The Larry Portfolio

Deep thoughts that is certainly one way to modulate the Larry Portfolio. Altough as you stated you are really just moving toward a routine slice and dice. If you wanted to be roughly equivalent to a 3 fund 50/50, you could also just use a (35-40)/(65-60) LP. I actually started there and I am current...
by vesalius
Wed Sep 03, 2014 11:28 am
 
Forum: Investing - Theory, News & General
Topic: Modulating The Larry Portfolio
Replies: 34
Views: 2226

Re: Does anyone have 'Lazy Portfolios'?

I have a lazy, simple to manage 4 fund portfolio. It also happens to be an extreme tilt Larry portfolio. Tilting does not automatically equate to being hard to manage.
by vesalius
Sat Aug 30, 2014 9:35 am
 
Forum: Investing - Theory, News & General
Topic: Does anyone have 'Lazy Portfolios'?
Replies: 85
Views: 6511

Re: SCHC vs. SFILX

SCHC is a ETF that follows the capitilization weighted FTSE Developed Small Cap ex U.S index. It has a low ER 0f 0.19% SFILX is a mutual fund that follows the fundmentally weighted Russell RAFI Fundamental Developed ex-U.S. Small Company Index. It has an ER 0f 0.50%. If you really want small cap val...
by vesalius
Fri Aug 29, 2014 3:26 pm
 
Forum: Investing - Theory, News & General
Topic: SCHC vs. SFILX
Replies: 4
Views: 461

Re: Bridgeway Omni SCV (BOTSX) vs PXSV

Thanks again Robert. I don't think anyone can be sure where the exact sweet spot is for reconstitution. We will have to see if the techniques Bridgeway and DFA utilize completely compensate versus only partially mitigate the value in less frequent trading and reconstitution.
by vesalius
Thu Aug 21, 2014 10:59 am
 
Forum: Investing - Theory, News & General
Topic: Bridgeway Omni SCV (BOTSX) vs PXSV
Replies: 27
Views: 2059

Re: Your biggest "Missed Money" event that still kills you?

Never really traded individual stocks for myself, but I did some for my mom. I bought her approx $48k of APPL when it was at $12 a share presplit somewhere before or after the turn of the century. Sold later for a modest profit as I started to learn and read about indexing, but well before the stock...
by vesalius
Wed Aug 20, 2014 9:40 am
 
Forum: Investing - Theory, News & General
Topic: Your biggest "Missed Money" event that still kills you?
Replies: 102
Views: 8082

Re: Starting a Lazy Portfolio Now

Two good articles on this topic are linked below: Should you invest your money all at once or spread it out? 4 Rules for Investing a Lump Sum Both of these and more can be found on Wiki page for Dollar cost averaging . Like establishing an asset allocation that you personally can stay the course wit...
by vesalius
Wed Aug 06, 2014 2:00 pm
 
Forum: Investing - Theory, News & General
Topic: Starting a Lazy Portfolio Now
Replies: 21
Views: 3569

Re: Do I need a small cap index if I already have total mark

The simple answer is no a small cap fund (VISVX or NAESX) is not required if you already have Vanguard Total Market Index VTSMX. Many people tilt to small cap value as your proposed portfolio would. Some do extreme tilts such as the Larry portfolio, which is what I have used for the last 2-3 years. ...
by vesalius
Mon Aug 04, 2014 3:58 pm
 
Forum: Investing - Theory, News & General
Topic: Do I need a small cap index if I already have total market ?
Replies: 58
Views: 5459

Re: Due diligence on RAFI Pure Small Value

Multi-factor value sort with a backdoor load on profitability thru P/CF and P/E. It even has a Price/5 year "value" component that PE10 folks can appreciate. What's not to like? Hmm, maybe the presence of lower cost, better performing alternatives? PXSV lifetime to date vs Vanguard SV (I'...
by vesalius
Thu Jul 24, 2014 7:15 am
 
Forum: Investing - Theory, News & General
Topic: Due diligence on RAFI Pure Small Value
Replies: 125
Views: 11532

Re: a close look at value and momentum

Again its a personal choice on what actions, if any, we should take. Personally, I have no problem with someone holding a (world) market index fund as their only stock holding, just as I don't have an issue with someone holding the iShares MSCI USA Momentum fund. I can see a rationale for either. T...
by vesalius
Sat Jul 19, 2014 5:10 pm
 
Forum: Investing - Theory, News & General
Topic: a close look at value and momentum
Replies: 259
Views: 18231

Re: a close look at value and momentum

The iShares fund has matched fairly closely the returns of the MSCI Momentum Index since the funds inception. If the iShares MSCI Momentum Fund has the same long-term characteristics (factor loads, including its close to zero alpha) as its underlying index had from Jan 1980 then it will capture par...
by vesalius
Sat Jul 19, 2014 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: a close look at value and momentum
Replies: 259
Views: 18231

Re: Do any bogleheads hold the "Larry Portfolio?"

Yes I do for around 2 years now and I am happy with it.
by vesalius
Fri Jul 18, 2014 2:56 pm
 
Forum: Investing - Theory, News & General
Topic: Do any bogleheads hold the "Larry Portfolio?"
Replies: 18
Views: 2568

Re: Bet it ALL on Small Cap Value when you're young

Target2030

Those 2 funds are only available through BAM affiliated advisors. Larry's group helped to devise them and they get sole access, as far as I know.
by vesalius
Thu Jul 17, 2014 4:08 pm
 
Forum: Investing - Theory, News & General
Topic: Bet it ALL on Small Cap Value when you're young
Replies: 64
Views: 6436

Re: was Bogle right about ETFs?

kenner wrote:Perhaps Mr. Bogle is more concerned about investor psychology and decision-making. Decades of real knowledge prove the importance of these factors.

Exactly. ETFs are fine and here to stay. How people use them in regards to investor psychology and decision-making can be the problem.
by vesalius
Thu Jul 17, 2014 11:34 am
 
Forum: Investing - Theory, News & General
Topic: was Bogle right about ETFs?
Replies: 26
Views: 3029

Re: was Bogle right about ETFs?

About trading ETFs - yes Bogle was right. ETFs were designed to be sold and bought, sold and bought, etc... Bogleheads don't buy products designed to be sold. For expats who can't purchase mutual funds, the creation of ETFs is quite significant. I like ETFs because I know what price I am buying at....
by vesalius
Thu Jul 17, 2014 11:32 am
 
Forum: Investing - Theory, News & General
Topic: was Bogle right about ETFs?
Replies: 26
Views: 3029

Re: Persistence of SV performance

Real funds have to deal with slippage and transaction costs, that will reduce returns even though it won't show up in an index. Large caps are generally super liquid, and small caps less so. Only looking at indexes will make small cap look better then it should. A fair response would be to find a d...
by vesalius
Wed Jul 16, 2014 6:20 am
 
Forum: Investing - Theory, News & General
Topic: Persistence of SV performance
Replies: 71
Views: 3958

Re: Bet it ALL on Small Cap Value when you're young

Browser wrote:If BETA is the enemy, why not a low-beta fund or allocating to low-beta sectors: consumer durables, heathcare, and utilities?

Did anyone call beta the enemy? It seems to me that saying that there are other factors to consider beyond beta is is far cry from saying beta is bad?
by vesalius
Tue Jul 15, 2014 7:52 pm
 
Forum: Investing - Theory, News & General
Topic: Bet it ALL on Small Cap Value when you're young
Replies: 64
Views: 6436

Re: Due diligence on RAFI Pure Small Value

I'm saying that the change of index does not change the fact that PSVX was a small-value fund since inception. And everyone else but you seems to realize that different indices can have wildly different returns even in the same asset class. 1 index is not a sufficient proxy for all the others. :?: ...
by vesalius
Tue Jul 15, 2014 7:47 pm
 
Forum: Investing - Theory, News & General
Topic: Due diligence on RAFI Pure Small Value
Replies: 125
Views: 11532

Re: a close look at value and momentum

Countmein DFA and Bridgeway use MOMENTUM screens similarly, screening out negative MOM stocks and using positive MOM signals to have preference in order of what gets sold when it reaches sell range. AQR uses both long and long short momentum. Very different DFA adds profitability screens. AQR uses ...
by vesalius
Tue Jul 15, 2014 7:42 pm
 
Forum: Investing - Theory, News & General
Topic: a close look at value and momentum
Replies: 259
Views: 18231

Re: Due diligence on RAFI Pure Small Value

If anybody is interested, here is the TellTale chart of PXSV vs VTSAX : http://i58.tinypic.com/x4rq5u.jpg :oops: From the OP by Robert T. "This is now tracked by the Powershares Fundamental Pure Value Series (PXSV) starting June 16, 2011 (note that PXSV tracked a different index before June 20...
by vesalius
Tue Jul 15, 2014 7:32 pm
 
Forum: Investing - Theory, News & General
Topic: Due diligence on RAFI Pure Small Value
Replies: 125
Views: 11532

Re: what is "at-cost investing" ?

It means that Vanguard will and have both lowered and raised expense ratios on existing funds as the cost to run the fund dictate. Other providers may use certain ETFs and mutual funds as loss leaders or lower expense ratios below thier cost simply to undercut Vanguard. Vanguard doesn't do that. Alt...
by vesalius
Tue Jul 15, 2014 4:22 pm
 
Forum: Investing - Theory, News & General
Topic: what is "at-cost investing" ?
Replies: 8
Views: 1379

Re: Small cap valuations "appear to be stretched"

This is just as damning for Bogle's corparate bond suggestions.
by vesalius
Tue Jul 15, 2014 12:57 pm
 
Forum: Investing - Theory, News & General
Topic: Small cap valuations "appear to be stretched"
Replies: 11
Views: 1413

Re: Persistence of SV performance

So, there is a SV premium, but retail investors can't capture it through funds from Vanguard etc? Ok.. Interesting I guess, but not really actionable advice for 99% of people here. If Vanguard is any good at tracking an index, which most would agree they are, then the new CRSP indices they switched...
by vesalius
Tue Jul 15, 2014 12:31 pm
 
Forum: Investing - Theory, News & General
Topic: Persistence of SV performance
Replies: 71
Views: 3958

Re: How many veteran investor have LARGE MAJORITY in three-f

I have a large majority in a very simple 4 fund portfolio, but it is the Larry portfolio.
by vesalius
Wed Jul 09, 2014 1:59 pm
 
Forum: Investing - Theory, News & General
Topic: How many veteran investor have LARGE MAJORITY in three-fund?
Replies: 56
Views: 3964

Re: Suggestions for teaching new MDs about finance?

And to carry this a step further, you might let them know that 50% of docs will change jobs in their first 2 years out of training and 75% within 3 years. Do you have a reference for these percentages? I have seen and used them when talking to residents/fellows before, but I am not sure how or from...
by vesalius
Tue Jul 01, 2014 3:32 pm
 
Forum: Investing - Theory, News & General
Topic: Suggestions for teaching new MDs about finance?
Replies: 39
Views: 2745

Re: Suggestions for teaching new MDs about finance?

What are people's opinions on investment services like Betterment or FutureAdvisor for MDs (or non-MDs) who are totally incapable of being trusted with their own money? I wouldn't use one, but I know many MDs who THINK they are good with money (probably cocky because they're good at lots of other t...
by vesalius
Mon Jun 30, 2014 10:27 am
 
Forum: Investing - Theory, News & General
Topic: Suggestions for teaching new MDs about finance?
Replies: 39
Views: 2745

Re: Suggestions for teaching new MDs about finance?

I would have thought that MDs are trained to be skeptical of everything they are taught in med school as well as their teachers and other doctors. Does this not extend to other "experts" that they may come in contact with? It is the exact opposite in general. There is too much depth in wa...
by vesalius
Sun Jun 29, 2014 2:29 pm
 
Forum: Investing - Theory, News & General
Topic: Suggestions for teaching new MDs about finance?
Replies: 39
Views: 2745

Re: Are small and mid caps necessary?

Keep reading. You have plenty of time, years even to decide if you would like to tilt or not. Maximize your savings rate in the interim as that will vastly outweigh your asset allocation choices in regards to the total $$ invested in your account for the immediate future. Read Bogle, read Swedroe, r...
by vesalius
Tue Jun 24, 2014 3:08 pm
 
Forum: Investing - Theory, News & General
Topic: Are small and mid caps necessary?
Replies: 35
Views: 2421

Re: Betterment launches tax loss harvesting

Hi Andy - Do keep in mind that (unless you never sell the investments) saving on capital gains now means you'll have to pay them later, perhaps even at higher rates. However, in your case (using them along them way), you do get a tax deferral benefit. Merely incurring and maintaining the loss would...
by vesalius
Fri Jun 20, 2014 12:27 pm
 
Forum: Investing - Theory, News & General
Topic: Betterment launches tax loss harvesting
Replies: 28
Views: 3578

Re: Why is Tilting and Slice&Dice so popular in this forum?

I am aware that increasing risk has the potential to substantially increase returns for long term horizons. Not the potential--the near certainty. Make the horizon long enough, and the high-risk, high-return asset always dominates in all outcomes. If your horizon is 30+ years, seriously consider ti...
by vesalius
Thu Jun 12, 2014 12:34 pm
 
Forum: Investing - Theory, News & General
Topic: Why is Tilting and Slice&Dice so popular in this forum?
Replies: 110
Views: 6301

Re: Any [iPhone] "Apps" you like?

Another useful app is a flashlight app, there are many of them. They turn your camera flash into a flash light which can be helpful when caught in the dark. If you have iOS 7 or greater than a flashlight is now built into the OS under the Control Center, and unless you have an iPhone 4 or earlier I...
by vesalius
Wed Jun 11, 2014 1:14 pm
 
Forum: Personal Consumer Issues
Topic: Any [iPhone] "Apps" you like?
Replies: 50
Views: 4210
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