Search found 2313 matches

by AlohaJoe
Fri Sep 22, 2017 3:27 am
Forum: Personal Finance (Not Investing)
Topic: Tax on joint brokerage accounts?
Replies: 13
Views: 796

Re: Tax on joint brokerage accounts?

Question --- how can we allocate the capital gains on form 1099 at the end of the year? https://www.irs.gov/publications/p550/ch01.html#en_US_2016_publink10009846 Joint accounts. If two or more persons hold property (such as a savings account, bond, or stock) as joint tenants, tenants by the entire...
by AlohaJoe
Fri Sep 22, 2017 3:23 am
Forum: Personal Consumer Issues
Topic: Foreign Currency Conversion Accepted, then Rejected
Replies: 14
Views: 704

Re: Foreign Currency Conversion Accepted, then Rejected

General Disarray wrote:
Thu Sep 21, 2017 1:07 pm
What would you do in this situation?
I would go collect my money.
by AlohaJoe
Fri Sep 22, 2017 3:08 am
Forum: Investing - Theory, News & General
Topic: What happens if... [trying to understand public debt in the age of fiat currency]
Replies: 6
Views: 618

Re: What happens if... [trying to understand public debt in the age of fiat currency]

the government in turns calls back all its bonds and pays off its creditors They aren't callable. Why would you think they are? The Treasury hasn't issued callable bonds in over 3 decades. I think discussions about US government debt -- especially when prefaced with phrases like "age of fiat curren...
by AlohaJoe
Thu Sep 21, 2017 11:05 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Please Offer a Gold ETF
Replies: 76
Views: 2905

Re: Vanguard: Please Offer a Gold ETF

I want Vanguard to create ultra low cost competition where it doesn't currently exist. [...] High yield bonds are another. Vanguard has a high-yield corporate bond fund[1]. It's been around since 1978, so if there's still no competition on high-yield bonds...I'm not sure what else can really be don...
by AlohaJoe
Thu Sep 21, 2017 8:53 pm
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 96
Views: 4465

Re: No More Saving???

Just wondering how many BH out there got to a point [in one's working years] where the need to save for retirement stopped? For example, has anyone stopped the accumulation phase before retiring? If so, please describe your situation. I do not save for my own retirement anymore. I am able to save f...
by AlohaJoe
Thu Sep 21, 2017 8:47 pm
Forum: Personal Consumer Issues
Topic: Luxury Car Purchase
Replies: 27
Views: 1616

Re: Luxury Car Purchase

I am new to this forum. I have a net worth around 3M. I am a real car guy, with a passion for Rolls Royce, having owned one previously. I am 66 and am lusting for a used RR Ghost in the price range of 130k. I am wondering if I should follow my passion or follow the conservative route and keep savin...
by AlohaJoe
Thu Sep 21, 2017 8:37 pm
Forum: Personal Consumer Issues
Topic: The money trail...import vehicle vs domestic.
Replies: 15
Views: 924

Re: The money trail...import vehicle vs domestic.

- American Owned, American made: US gets the taxes, US gets the jobs Ford just said that its corporate tax rate as of July was only 10% due to using foreign tax credits. That is, some other country got the taxes and the US didn't. I would have thought that with all the constant news over the past d...
by AlohaJoe
Thu Sep 21, 2017 7:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Please Offer a Gold ETF
Replies: 76
Views: 2905

Re: Vanguard: Please Offer a Gold ETF

If anyone high up at Vanguard reads this, could you please consider launching a gold ETF similar to GLD and IAU? The fees in this space are relatively high at (.4% and .25% for the prior two mentioned funds) and could greatly use Vanguard's razor thin fee competition. So use BAR. There's already co...
by AlohaJoe
Wed Sep 20, 2017 11:04 pm
Forum: Investing - Theory, News & General
Topic: Factors are not characteristics but correlations
Replies: 11
Views: 710

Re: Factors are not characteristics but correlations

I'm currently reading A Practitioner's Guide to Asset Allocation and they seem to be pro-asset class and anti-factor from what I can tell. In the beginning of the book they try to define what is an asset class and these are the criteria they use An asset class is a stable aggregation of investable u...
by AlohaJoe
Wed Sep 20, 2017 7:39 pm
Forum: Investing - Theory, News & General
Topic: Factors are not characteristics but correlations
Replies: 11
Views: 710

Re: Factors are not characteristics but correlations

An asset class has a different fundamental characteristics (bonds are senior to stocks in the capital stack thus are a different asset class), factors do not, they are invented constructs Term, credit, and size are all factors. I'm surprised that you think the term of a bond is an invented construc...
by AlohaJoe
Wed Sep 20, 2017 12:01 am
Forum: Investing - Theory, News & General
Topic: S&P fund Classification
Replies: 1
Views: 259

Re: S&P fund Classification

Nope.
by AlohaJoe
Tue Sep 19, 2017 9:38 pm
Forum: Investing - Theory, News & General
Topic: best practices when buying a large amount of stock
Replies: 10
Views: 1239

Re: best practices when buying a large amount of stock

livesoft is WellsFargo's #1 online evangelist so they give him one million free trades a year ;) (More seriously: WellsFargo used to have a program where you got 50 or 100 free trades a year. Some of us are still grandfathered into it.) ok, so a good target amount to buy at 1 time is around 20k for ...
by AlohaJoe
Mon Sep 18, 2017 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 165
Views: 16884

Re: Calling out the not so rich bogleheads

of course lots of wealth here - isnt that how BH end up? We are at the top of a bull market, and people want to be wealthy. If I go to the gym, i see a lot of people who are very muscular and in shape. [...] There is a lot of truth to this. If you want similar advice but a very different demographi...
by AlohaJoe
Mon Sep 18, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Sending USD between banks
Replies: 2
Views: 220

Re: Sending USD between banks

travesty wrote:
Mon Sep 18, 2017 10:14 pm
The two banks I bank with in the US:, RBC Bank and TD Bank appear to have essentially zero support for sending cash to other US banks.
TD Bank is part of Zelle: https://www.zellepay.com/go/td-bank

As is Bank of America. So you should be able to use that.
by AlohaJoe
Mon Sep 18, 2017 9:06 pm
Forum: Investing - Theory, News & General
Topic: Hello and a Question ["The Little Book That (Still) Beats the Market"]
Replies: 11
Views: 1397

Re: Hello and a Question ["The Little Book That (Still) Beats the Market"]

It is called The Little Book That (Still) Beats the Market, and its focus is on what the author refers to as the "Magic Formula". Has anyone ever read this and if so, what are your impressions? The single biggest flaw of the Magic Formula is that....it doesn't work? By which I mean, when Wes Gray a...
by AlohaJoe
Mon Sep 18, 2017 7:31 pm
Forum: Investing - Theory, News & General
Topic: What am I missing, Bogle/Buffet investment philosophy
Replies: 19
Views: 1849

Re: What am I missing, Bogle/Buffet investment philosophy

I don't think you've accurately distilled either one. Buffett's opinions on bonds are well known. Bogle's statements on "invest we must" and corporate bonds belie your "however much it takes to sleep well at night" characterization. That you think the two have the same investment philosophy is.... I...
by AlohaJoe
Mon Sep 18, 2017 7:23 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "entertainment"?
Replies: 50
Views: 3078

Re: How much do you spend on "entertainment"?

I'm not really sure what the benefit is of asking such an open ended question. Instead of relying on self-reporting among a niche internet forum, why not look at actual rigorous numbers? The Bureau of Labor Statistics is one source: https://www.bls.gov/opub/btn/volume-4/mobile/movies-music-sports-en...
by AlohaJoe
Mon Sep 18, 2017 6:27 pm
Forum: Personal Consumer Issues
Topic: What is a decent financial book that everyone should buy?
Replies: 20
Views: 1428

Re: What is a decent financial book that everyone should buy?

There's no book that everyone should buy. The vast majority of people can read something like The Index Card: Why Personal Finance Doesn't Have to Be Complicated a single time, put the plan into motion, and then go live their lives. The basic principles don't need to be referred to constantly. One y...
by AlohaJoe
Mon Sep 18, 2017 6:24 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Return and Investing Ideas
Replies: 36
Views: 2373

Re: Bitcoin Return and Investing Ideas

I hope Satoshi Nakamoto is fabulously rich, enjoying his wealth, and has invested it in something like municipals or Treasuries. Satoshi Nakamoto hasn't spent any of his bitcoin earnings since January 2009. It is all still in bitcoin. Due to how bitcoin works, everyone would know if he spent it. It...
by AlohaJoe
Mon Sep 18, 2017 2:15 am
Forum: Investing - Theory, News & General
Topic: Good books for bond investing?
Replies: 16
Views: 1142

Re: Good books for bond investing?

Well, there is Larry Swedroe's own The Only Guide to a Winning Bond Strategy You'll Ever Need . I don't recommend this book. If you read it, you'll find only a cursory examination of CDs. No one who reads the book is likely come away thinking "this author will soon recommending that many people hol...
by AlohaJoe
Sun Sep 17, 2017 11:22 pm
Forum: Investing - Theory, News & General
Topic: What will happen to a USD Hedged fund if the USD Declines, VTABX
Replies: 9
Views: 1102

Re: What will happen to a USD Hedged fund if the USD Declines, VTABX

It would be better to just plot the spot price of USD vs. the basket of currencies used by VTABX over time but that's not conveniently available. At least that I know of. It isn't exactly the same as what you're looking for but the Federal Reserve maintains an index that is probably "close enough"....
by AlohaJoe
Sun Sep 17, 2017 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: What is FI if you love your job? [Financial Independence]
Replies: 64
Views: 4557

Re: What is FI if you love your job?

A lot of the FIRE blogs out there stress what many would consider extreme frugality I don't think has anything to do with FIRE per se...it just reflects demographics. 83% of people make under $80,000 a year. So I'd expect that (roughly) 83% of FIRE blogs are about people retiring on under $60,000 (...
by AlohaJoe
Sun Sep 17, 2017 1:43 am
Forum: Personal Finance (Not Investing)
Topic: Potential changes to 401k plans
Replies: 2
Views: 640

Re: Potential changes to 401k plans

Bigbonds wrote:
Sat Sep 16, 2017 11:38 pm
I'm curious to get opinions on potential changes to 401k plans, specifically the proposed ROTHing of half of even all of future 401k contributions?
From the Forum policies

Note that discussions of proposed laws or regulations are prohibited.
by AlohaJoe
Sat Sep 16, 2017 7:59 pm
Forum: Investing - Theory, News & General
Topic: Stockcharts.com has an S&P 500 Daily chart going back to 1925
Replies: 29
Views: 1461

Re: Stockcharts.com has an S&P 500 Daily chart going back to 1925

This of course instantly prompts the question: why do all the "classic" sources use a 90-stock index before 1957, if a 480-stock index was available? My understanding (which is entirely based on Wilson & Jones' paper "An Analysis of the S&P 500 Index and Cowles's Extension" is that "everyone forgot...
by AlohaJoe
Sat Sep 16, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Correlation between USD strength and Tot. US stock MINUS Tot. intl. stock returns
Replies: 11
Views: 845

Re: Correlation between USD strength and Tot. US stock MINUS Tot. intl. stock returns

Well, I am not sure where to get the data for the first item and quantify all of that, but I think the answer to your question is simply mechanical. You of all people should know the answer to this! It, like everything else, is on FRED :D Trade Weighted U.S. Dollar Index: Major Currencies 1973-pres...
by AlohaJoe
Sat Sep 16, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: Stockcharts.com has an S&P 500 Daily chart going back to 1925
Replies: 29
Views: 1461

Re: Stockcharts.com has an S&P 500 Daily chart going back to 1925

Prior to '57 it was a 90 stock index. Yeah, I've heard that, but I've never been able to find the 90 stock index data myself anywhere. Yahoo Finance doesn't have it, the St. Louis Fed website doesn't have it, can't find it on the S&P website, etc. Anyone have that index data? You just linked to it....
by AlohaJoe
Fri Sep 15, 2017 10:06 pm
Forum: Personal Consumer Issues
Topic: Interactive Brokers 2FA
Replies: 5
Views: 511

Re: Interactive Brokers 2FA

I don't have a "digital security card". I use the app. "IB Key". I thought you only needed the digital security card if you wanted to withdraw more than $200,000 per day?

(I've withdrawn $200,000 using the IB Key app.)
by AlohaJoe
Fri Sep 15, 2017 9:55 pm
Forum: Investing - Theory, News & General
Topic: Stockcharts.com has an S&P 500 Daily chart going back to 1925
Replies: 29
Views: 1461

Re: Stockcharts.com has an S&P 500 Daily chart going back to 1925

Prior to '57 it was a 90 stock index. Yeah, I've heard that, but I've never been able to find the 90 stock index data myself anywhere. Yahoo Finance doesn't have it, the St. Louis Fed website doesn't have it, can't find it on the S&P website, etc. Anyone have that index data? You just linked to it....
by AlohaJoe
Thu Sep 14, 2017 11:49 am
Forum: Investing - Theory, News & General
Topic: Financial Page: REITs and International/Emerging Bonds
Replies: 25
Views: 2050

Re: Financial Page: REITs and International/Emerging Bonds

Thanks for the feedback, I was wondering about that. Did you run the monthly numbers with your bond fund simulator tool to verify this assertion? I'm getting more and more wary about annual numbers... Could you provide more details? Yes, I used the monthly bond numbers using longinvest's bond simul...
by AlohaJoe
Thu Sep 14, 2017 11:28 am
Forum: Investing - Theory, News & General
Topic: Financial Page: REITs and International/Emerging Bonds
Replies: 25
Views: 2050

Re: Financial Page: REITs and International/Emerging Bonds

although treasuries have a solid track record of negative correlation with the stock market in times of crisis I think this (widespread) belief is due to a tremendous amount of recency bias. Since 1929 there have been 14 recessions in the US. In 7 of them Treasuries had a positive correlation with ...
by AlohaJoe
Thu Sep 14, 2017 6:29 am
Forum: Investing - Theory, News & General
Topic: What's likely to happen to stocks if/when interest rates rise?
Replies: 22
Views: 1341

Re: What's likely to happen to stocks if/when interest rates rise?

Growth stocks don't look as good. See W. Berstein's "Of Mines, Forests, and Impatience". http://www.efficientfrontier.com/ef/401/fisher.htm Thanks! :happy It looks very interesting and intelligently written. I came across this sentence though: 'However, money rates of interest are never negative.' ...
by AlohaJoe
Thu Sep 14, 2017 5:12 am
Forum: Investing - Theory, News & General
Topic: What's likely to happen to stocks if/when interest rates rise?
Replies: 22
Views: 1341

Re: What's likely to happen to stocks if/when interest rates rise?

Small rate increases don't seem to negatively impact stock prices much. We've had a few lately. But if rate increases continue, then bonds start looking increasingly attractive for new money. And it costs companies more to borrow. So this will tend to depress stock prices... thanks :happy so it see...
by AlohaJoe
Wed Sep 13, 2017 9:53 am
Forum: Investing - Theory, News & General
Topic: Golden Ratio (also in Bogleheads logo) Fibonacci
Replies: 27
Views: 2384

Re: Golden Ratio (also in Bogleheads logo) Fibonacci

In The Value of Debt in Building Wealth the author actually uses the Fibonacci sequence to lay out his suggested approach... The "basic unit' is 3 months of income. From that point he then says your targets for Phase 2 are: 1..."basic unit" as a cash reserve in a checking account 1...in a savings ac...
by AlohaJoe
Wed Sep 13, 2017 2:07 am
Forum: Investing - Theory, News & General
Topic: "Find out if your fund is declaring a quarterly dividend this month."
Replies: 17
Views: 3077

Re: "Find out if your fund is declaring a quarterly dividend this month."

Not all mutual funds distribute dividends on a quarterly basis. Some dividends are issued monthly, semiannually, or annually. See our distributions page for a complete list of each fund's distribution frequency. I've never really thought about it before but...why would a mutual fund pay annually? L...
by AlohaJoe
Wed Sep 13, 2017 12:20 am
Forum: Personal Consumer Issues
Topic: Retirement - Living in Colorado
Replies: 33
Views: 3272

Re: Retirement - Living in Colorado

[Post removed --admin LadyGeek] Heh, me too. My brother and his family also moved away from Colorado Springs. When I lived in the Springs there was a big stir because a reporter (from the NY Times? I forget) did an article on the city about how the Springs had more domestic violence per capita (and...
by AlohaJoe
Tue Sep 12, 2017 3:20 pm
Forum: Investing - Theory, News & General
Topic: Question on bubbles, stocks, etc.
Replies: 21
Views: 1760

Re: Question on bubbles, stocks, etc.

alex_686 wrote:
Tue Sep 12, 2017 3:11 pm
Lastly, how deep is the market? How much Bitcoin trades? I suspect it is a very thin slice.
Bitcoin's market cap is $68 billion and $1.8 billion trades a day. As a point of reference, GE's market cap is $207 billion and $800 million trades a day.
by AlohaJoe
Tue Sep 12, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Will you get to see business financial data by being an accountant?
Replies: 18
Views: 1251

Re: Will you get to see business financial data by being an accountant?

What type of education do venture capitalists need? Venture capitalists don't need any education. They just need to be extremely rich. Basketball players are venture capitalists & they are generally do not have accounting degrees. Wouldn't a FP&A background be the most beneficial to being a venture...
by AlohaJoe
Tue Sep 12, 2017 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Will you get to see business financial data by being an accountant?
Replies: 18
Views: 1251

Re: Will you get to see business financial data by being an accountant?

So I think you can learn the things you want starting in accounting. You will want to eventually transition into FP&A (Financial Planning and Analysis) as that will broaden you out and give you the kind of experiences I think you are after. I agree that someone in FP&A can run their own business. I...
by AlohaJoe
Tue Sep 12, 2017 4:13 am
Forum: Personal Finance (Not Investing)
Topic: Will you get to see business financial data by being an accountant?
Replies: 18
Views: 1251

Re: Will you get to see business financial data by being an accountant?

I would eventually like to own my own business and use my accounting/financial knowledge to successfully analyze business deals and potential. I own my own business. Being an accountant will not help you own your own business. The overwhelming majority of businesses never do a "business deal" that ...
by AlohaJoe
Tue Sep 12, 2017 2:18 am
Forum: Investing - Theory, News & General
Topic: Financial Page: REITs and International/Emerging Bonds
Replies: 25
Views: 2050

Re: Financial Page: REITs and International/Emerging Bonds

My concern is that emerging markets can only emerge once. This isn't actually true. A few countries have emerged, then been downgraded, and then re-emerged, I believe. (Argentina maybe?) On the contrary, I would expect EM to be -- on average -- nothing but improving things. Everything starts life a...
by AlohaJoe
Tue Sep 12, 2017 12:52 am
Forum: Investing - Theory, News & General
Topic: Long-run Sharpe Ratios in an ideal world
Replies: 43
Views: 4220

Re: Long-run Sharpe Ratios in an ideal world

Yes, it's very hard to get a single-number handle on risk, despite a large number of risk metrics available. To expand on this point, Andrew Ang's book Asset Management (which is my overall favorite book on investing) has one of my favorite discussions of risk and the many forms it can come in. It ...
by AlohaJoe
Mon Sep 11, 2017 10:23 am
Forum: Personal Consumer Issues
Topic: What do you do in slow travels?
Replies: 55
Views: 4015

Re: What do you do in slow travels?

Hiking. Most places other than large metropolitan areas (which I personally avoid) have at least a few hiking trails that can easily kill a few days. You can do this in large metropolitan cities as well, it just isn't called "hiking". It's just called walking around :). Quite a few cities have orga...
by AlohaJoe
Mon Sep 11, 2017 10:07 am
Forum: Investing - Theory, News & General
Topic: What If U.S. Stocks Stay Expensive For Years?
Replies: 50
Views: 6844

Re: What If U.S. Stocks Stay Expensive For Years?

I'm not sure exactly how he calculated it but here's a back of the envelope comparison... If we start with Bogle's model, total return = dividends + earnings growth + P/E expansion.... Mr. Livermore's model seems to get rid of the P/E expansion (since he is assuming that stocks have always traded in...
by AlohaJoe
Mon Sep 11, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: Equal Weighting (1/N) Versus Market Cap Weighting
Replies: 22
Views: 2376

Re: Equal Weighting (1/N) Versus Market Cap Weighting

Could this thread focus on what I hoped it would, the relative merits of equal weighting vs. market cap weighting at the subasset class level? Or perhaps a discussion of diagonal strategies, which I've never heard of before? I found the merits of 1/N weighting persuasive when thinking about my own ...
by AlohaJoe
Mon Sep 11, 2017 8:23 am
Forum: Personal Consumer Issues
Topic: What do you do in slow travels?
Replies: 55
Views: 4015

Re: What do you do in slow travels?

What do you do at home?
by AlohaJoe
Mon Sep 11, 2017 4:48 am
Forum: Investing - Theory, News & General
Topic: Equal Weighting (1/N) Versus Market Cap Weighting
Replies: 22
Views: 2376

Re: Equal Weighting (1/N) Versus Market Cap Weighting

2) Unlike the implication of the thread title, the paper does not compare equal weight to market cap weighting. Market cap weighting is not one of the strategies used in the comparison. I think strategy #6 (value-weighted market portfolio) is what we here call "market cap weighting". But other than...
by AlohaJoe
Sun Sep 10, 2017 7:08 am
Forum: Investing - Theory, News & General
Topic: Equal Weighting (1/N) Versus Market Cap Weighting
Replies: 22
Views: 2376

Re: Equal Weighting (1/N) Versus Market Cap Weighting

The research's claim is that all of these "logical" concerns don't appear to actually matter in the real world that the authors can tell. Simply reiterating them seems to be talking past the authors of the paper.
by AlohaJoe
Sun Sep 10, 2017 4:19 am
Forum: Investing - Theory, News & General
Topic: Equal Weighting (1/N) Versus Market Cap Weighting
Replies: 22
Views: 2376

Re: Equal Weighting (1/N) Versus Market Cap Weighting

Equal weighting may result in a tilt to small and value, which could increase return. Equal weighting may result in a tilt relative to market capitalisation weighting [/b] but that's not what they measured against. Equal weighting almost certainly under-weighted [/i] small and value relative to mod...
by AlohaJoe
Sat Sep 09, 2017 11:46 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 22859

Re: Name something you had to have and now you regret purchasing it?

Not too long after graduating university and getting a real job I was sent on a business trip. It was my first business trip and so I needed to buy "real" luggage. There's a certain group of people who believe in buying "forever luggage". Things like Briggs & Riley premium luggage that are very expe...
by AlohaJoe
Sat Sep 09, 2017 11:41 pm
Forum: Investing - Theory, News & General
Topic: Question on bubbles, stocks, etc.
Replies: 21
Views: 1760

Re: Question on bubbles, stocks, etc.

For folks well-versed in the history of bubbles such as the tulip mania, south sea, dot com, and any others, I'd like to ask: What was the maximum return someone could get for a 100 dollars? i.e. If someone put in $100 at the beginning, how much would it have been worth at the peak? I'm not sure ab...