Search found 87 matches

by Always passive
Wed Aug 23, 2017 8:25 am
Forum: Investing - Theory, News & General
Topic: Vanguard Reveals Plans for New, Low-Cost Bond ETF
Replies: 0
Views: 57

Vanguard Reveals Plans for New, Low-Cost Bond ETF

News from Vanguard..... "Total market corporate bond ETF to be structured as a fund of funds Vanguard’s new ETF will be comprised of three existing Vanguard ETFs – the Vanguard Short-Term Corporate Bond ETF, Vanguard Intermediate-Term Corporate Bond ETF and the Vanguard Long-Term Corporate Bond ETF....
by Always passive
Mon Aug 21, 2017 12:32 am
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 11976

Re: I own no international stocks. Can you guess why?

You do not believe in Modern Portfolio Theory, the cornerstone of modern investing, and the basis for much of what we do in this forum.
by Always passive
Fri Aug 18, 2017 11:53 am
Forum: Investing - Theory, News & General
Topic: The Phillips Curve is not working!
Replies: 26
Views: 2521

Re: The Phillips Curve is not working!

I don't think you can forecast interest rates with any precision-- certainly not enough to call bond markets. You have to look at the employment rate of men and women 25-55 to get a real picture of what is going on. In the U.S. at least, the growth in the effective working age population — that is,...
by Always passive
Fri Aug 18, 2017 8:14 am
Forum: Investing - Theory, News & General
Topic: The Phillips Curve is not working!
Replies: 26
Views: 2521

Re: The Phillips Curve is not working!

Why is this important? Because the notion (and my fear) that intermediate term (5 to 7 year duration) bond funds will suffer due to the Fed's actions has not happened. In fact, bonds fund are doing rather well. What does that have to do with the Phillips Curve? You lost me. The Phillips Curve is a ...
by Always passive
Fri Aug 18, 2017 12:46 am
Forum: Investing - Theory, News & General
Topic: The Phillips Curve is not working!
Replies: 26
Views: 2521

The Phillips Curve is not working!

I just received what i think is a monthly email from Blackrock (iShares). What caught my attention is the concise explanation of why the historical relationship between low levels of unemployment and increase rates inflation (the famous Phillips curve) has been rather weak in this economy. The text....
by Always passive
Thu Aug 17, 2017 7:21 am
Forum: Investing - Help with Personal Investments
Topic: Buy a put option for insurance
Replies: 0
Views: 144

Buy a put option for insurance

Has anyone used a put option to cover a significant drop in the market? I read recently that some investment companies buy long term put options (2-3 years) to manage risk. Although I do understand the concept, is there someone that has done it or is currently doing it? I would be interested in lear...
by Always passive
Mon Aug 14, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: ETF liquidity for long term investors
Replies: 2
Views: 352

ETF liquidity for long term investors

I hear that corporate bonds are not very liquid, thus in times of crisis the spread between bid and ask could become excessive. I wonder if this issue should be a concern for long term investors of corporate bond ETFs, such as VCIT or LQD. Can someone explain that to me.
by Always passive
Sun Aug 13, 2017 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Why Worry About US Estate Tax for Non-Resident Aliens
Replies: 24
Views: 1595

Re: Why Worry About US Estate Tax for Non-Resident Aliens

It's not the 0.07% vs 0.04% expense ratio that is the problem. The problem is the double taxation of dividends in accumulating mutual funds traded in Europe. Before dividends from S&P 500 companies are reinvested into the S&P 500 index fund, at least 15% of the dividends are withheld by the US gove...
by Always passive
Fri Aug 11, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Accumulation versus income Irish domiciled ETFs
Replies: 0
Views: 122

Accumulation versus income Irish domiciled ETFs

A question to those non US residents that invest in Irish domiciled ETFs: 1. Do Irish Domiciled ETFs that invest in US bonds pay withholding taxes (I am referring to the 15% on dividends) 2. When Accumulation ETFs reinvest back income/dividends, does the number of shares grow, or the value of each s...
by Always passive
Tue Aug 08, 2017 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Pimco Bond
Replies: 7
Views: 747

Re: Pimco Bond

Which Pimco Total Return ticker(s) are you referring to? PTTRX, PTTAX, PTTPX, PRFAX, PMBIX, ....... Comparing to Vanguard Total Bond Index (VBMFX)? Why do you prefer it? Historical returns? Historical risk? Expense Ratio?, Bond quality? Other? It seems to me that from my text you can easily determi...
by Always passive
Mon Aug 07, 2017 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Pimco Bond
Replies: 7
Views: 747

Re: Pimco Bond

Which Pimco Total Return ticker(s) are you referring to? PTTRX, PTTAX, PTTPX, PRFAX, PMBIX, ....... Comparing to Vanguard Total Bond Index (VBMFX)? Why do you prefer it? Historical returns? Historical risk? Expense Ratio?, Bond quality? Other? It seems to me that from my text you can easily determi...
by Always passive
Mon Aug 07, 2017 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Pimco Bond
Replies: 7
Views: 747

Pimco Bond

As you can see my username is "always passive" and i have been investing passively for a very long time. However, I have to admit that I like the PIMCO Total Return ETF or fund. And I like it much more than the Vanguard Total Bond Market ETF or fund.

Does anyone have the same opinion.
by Always passive
Sun Aug 06, 2017 11:20 pm
Forum: Personal Consumer Issues
Topic: Drinking water price craziness
Replies: 80
Views: 7196

Re: Drinking water price craziness

Just get a quality filter and filter tap water at home. You can accomplish the same for less money. A reverse osmosis (RO) filter combined with a carbon (or other type) filter are nowadays standard. I installed the system in my kitchen under the sink and have a company come and change it annual for ...
by Always passive
Fri Aug 04, 2017 11:33 pm
Forum: Investing - Theory, News & General
Topic: Time Horizon Impact on Bond Selection
Replies: 10
Views: 871

Re: Time Horizon Impact on Bond Selection

For retirees with sometimes 70% of assets in fixed income, bond funds are a needed source of income in addition to being a ballast and providing poor correlation (not always) with equities. I hope not everyone buys the mantra of bonds are for stability exclusively for all investors. I get tired of ...
by Always passive
Thu Aug 03, 2017 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Tax complication
Replies: 1
Views: 352

Tax complication

I have a big dilemma related to taxes on private pension (pensions provided by US companies when I lived in the US and US IRA withholdings). Let me explain, I am retired and since 2003 have live overseas and pay taxes in the US (since I am a US citizen) and in my new country of residence. Unfortunat...
by Always passive
Mon Jul 31, 2017 11:14 am
Forum: Investing - Theory, News & General
Topic: If You're Uncomfortable With Your AA, Maybe You're In The Right Place
Replies: 26
Views: 2646

Re: If You're Uncomfortable With Your AA, Maybe You're In The Right Place

Random Walker wrote:Bertilak,
I'm making this post with an AA that is 47% equities/33% bonds/20% alternatives :-). I basically agree with your 50/50 call, and still can't help the AA thoughts :-)

Dave
If I may ask, what is your definition of alternatives, commodities, gold?
by Always passive
Sat Jul 29, 2017 4:12 am
Forum: Personal Finance (Not Investing)
Topic: Excess Rental Car Insurance in Europe
Replies: 16
Views: 1240

Re: Excess Rental Car Insurance in Europe

Thank you. I misunderstood you.
by Always passive
Fri Jul 28, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Excess Rental Car Insurance in Europe
Replies: 16
Views: 1240

Re: Excess Rental Car Insurance in Europe

American Express sells primary car rental insurance for $15-$20 per rental (per car, not per day) and Chase offers it for free on some of their premium cards. This is usually superior coverage to the secondary car rental insurance offered by many other CC's. +1 I pay that small fee just to simplify...
by Always passive
Fri Jul 28, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Excess Rental Car Insurance in Europe
Replies: 16
Views: 1240

Re: Excess Rental Car Insurance in Europe

Thank you all. I just read very carefully the card benefits of my PenFed American Express card and noticed that the card does cover excess insurance. I would hate to figure out the amount of money that I have wasted getting the rental car company insurance!
by Always passive
Thu Jul 27, 2017 9:22 am
Forum: Personal Consumer Issues
Topic: Rental car using travel rewards?
Replies: 5
Views: 455

Re: Rental car using travel rewards?

Does anyone know if Pen Fed American Express covers full car insurance in Europe?
by Always passive
Thu Jul 27, 2017 6:29 am
Forum: Investing - Theory, News & General
Topic: Why are some bonds funds going up with the Stock markets?
Replies: 12
Views: 1568

Re: Why are some bonds funds going up with the Stock markets?

Yields have been coming down. The bond market is hinting no long term inflation (no increase in economic growth). The stock market is signaling just the opposite. That is the Fed's dilemma, who is right, the bond or the stock market?
by Always passive
Wed Jul 26, 2017 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Excess Rental Car Insurance in Europe
Replies: 16
Views: 1240

Excess Rental Car Insurance in Europe

I often travel to Europe and rent a car. The Rental Car Company (Avis, Heartz, etc.) typically charges between 10 to 15 euros/day for excess rental car insurance, which amounts to a few 100s euros a year. I have been afraid to rely on my credit car, the terms seem confusing, thus I pay. Now I learn ...
by Always passive
Tue Jul 25, 2017 12:12 pm
Forum: Investing - Theory, News & General
Topic: Changes in your risk profile
Replies: 13
Views: 775

Re: Changes in your risk profile

We know your asset allocation should be based on your need, willingness, and ability to take risk. If your "need" to take risk has decreased because of the recent strong market performance, and you act on that need by reducing the amount of "new" money being put into the market,...
by Always passive
Sun Jul 23, 2017 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: How do I get back to my asset allocation?
Replies: 14
Views: 1597

Re: How do I get back to my asset allocation?

I tried to market time and now regretting it. Help me get back in. At the end of last year, I rebalanced to an ultra-conservative position (35-65 stock-bond) in a simple Three-Fund portfolio. I did so because I had convinced myself that the market had peaked and so I figured I would wait it out bef...
by Always passive
Wed Jul 19, 2017 6:04 am
Forum: Investing - Help with Personal Investments
Topic: Schwab's Modern Approach to Asset Allocation - Comments
Replies: 28
Views: 2641

Re: Schwab's Modern Approach to Asset Allocation - Comments

If other assets are more correlated, that means there is less reason to hold them. Pure marketing fluff, IMO. (I like how it says "For Schwab Private Client only" at the bottom of each page, and then they make it publicly available.) With respect to your comment, the authors intended to s...
by Always passive
Wed Jul 19, 2017 1:03 am
Forum: Investing - Help with Personal Investments
Topic: Schwab's Modern Approach to Asset Allocation - Comments
Replies: 28
Views: 2641

Schwab's Modern Approach to Asset Allocation - Comments

In a paper to clients, Schawb presents what they call "A Modern Approach to Asset Allocation and Portfolio Construction". Please read m In essence, the paper makes the case for deviating from the traditional Stocks (I think US stocks only), Investment Grade Bonds (I think US bonds only), a...
by Always passive
Sat Jul 15, 2017 1:54 am
Forum: Personal Consumer Issues
Topic: Laptop CD ROM Tray Keeps Ejecting
Replies: 4
Views: 415

Re: Laptop CD ROM Tray Keeps Ejecting

buy an external one for a few dollars and forget it
by Always passive
Wed Jul 12, 2017 1:14 am
Forum: Investing - Help with Personal Investments
Topic: Can a US Citizen moving to Malaysia keep his brokerage accounts
Replies: 9
Views: 1272

Re: Can a US Citizen moving to Malaysia keep his brokerage accounts

Fidelity has let me keep my accounts (one IRA and one Taxable). They know that I live overseas since 2004 (my official and mailing address with Fidelity are overseas), and are ok with it with some limitations. I cannot open any other account and I cannot invest in mutual funds. My entire portfolio i...
by Always passive
Wed Jun 28, 2017 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Unable to Escape from Quicken Island ...
Replies: 28
Views: 2332

Re: Unable to Escape from Quicken Island ...

I have used Quicken since Money shutdown. Now I use the 2017 version (upgrade every 2-3 years.) And I think that I am lucky since I have never had a problem. I use it exclusively for my investments and download manually all transactions. I do not feel comfortable given Quicken my Fidelity password. ...
by Always passive
Tue Jun 27, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Is the use of hedge funds an issue for preservation of capital goal
Replies: 6
Views: 304

Re: Is the use of hedge funds an issue for preservation of capital goal

Hedge funds are more a group of investment structures (generally bad, on average much too expensive, frequently creating agency problems and poor incentives, generally having restrictions on liquidity, less transparency) rather than anything else, so it's unclear. If you told me that your friend wa...
by Always passive
Tue Jun 27, 2017 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Is the use of hedge funds an issue for preservation of capital goal
Replies: 6
Views: 304

Is the use of hedge funds an issue for preservation of capital goal

My friend who is retiring next week got a proposal from an advisor that includes about 10% in two hedge funds. My friend's goal has been capital preservation. My question is whatever the advisor would be liable for the hedge funds' performance in case they go under like some have done.
by Always passive
Tue Jun 27, 2017 6:02 am
Forum: Investing - Theory, News & General
Topic: Illinois: A slow swimming black swan?
Replies: 32
Views: 4773

Re: Illinois: A slow swimming black swan?

If by total bond fund you mean the Vanguard Total Bond Market Index, or equivalent, then this index does not include municipal bonds, so I do not see a major impact, unless the market gets scare. If you refer to a municipal bond fund index, then the value of that index most likely will fall in price...
by Always passive
Sat Jun 24, 2017 7:37 am
Forum: Investing - Theory, News & General
Topic: [NY Times: Index fund evangelist is straying From His Gospel]
Replies: 32
Views: 3683

Re: [NY Times: Index fund evangelist is straying From His Gospel]

My view, and this before reading Malkiel's article is that one day, I do not know when, diversification of equities will not be thought in terms of geography, or size (big, small caps, etc.) but rather according to factors. My problem has been that based on what I have read, research shows that fact...
by Always passive
Fri Jun 23, 2017 8:27 am
Forum: Investing - Theory, News & General
Topic: [NY Times: Index fund evangelist is straying From His Gospel]
Replies: 32
Views: 3683

Malkiel is reversing some of his views on passive investing

This article just appeared in the NYT. m Burton Malkiel, author of “A Random Walk Down Wall Street,” says looking for market inefficiencies can beat passive investing, which he long endorsed. I would love to get your input! I would also appreciate that the comments be constructive, meaning please do...
by Always passive
Wed Jun 21, 2017 1:07 am
Forum: Investing - Help with Personal Investments
Topic: Series EE US bonds of deceased
Replies: 7
Views: 603

Re: Series EE US bonds of deceased

Whose name is on the bond ? If it is your son's the fact that the friend might be alive or dead is irrelevant. Your son can cash it whenever he likes. Same applies if your son's name is the second name on rhe bond and it is preceeded by "or" If instead your son's name has "pod" ...
by Always passive
Wed Jun 21, 2017 12:37 am
Forum: Investing - Help with Personal Investments
Topic: Series EE US bonds of deceased
Replies: 7
Views: 603

Series EE US bonds of deceased

A question:
My wife just found a $100 Series EE savings bond dated 11/1996 under the name of my son (I think it was a gift from a friend of the family). who passed away in 1997 (very painful memories). What can we do with it?
by Always passive
Sun Jun 18, 2017 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Increase stocks as part of a change in strategy
Replies: 9
Views: 559

Re: Increase stocks as part of a change in strategy

As part of a change in strategy, a portion of the family portfolio is being earmarked as long term/legacy, and for that portion, the allocation of stocks is being increased from 30 to 50%. The portfolio follows a slightly modified version of Taylor's 3 fund portfolio (VTI and VXUS in about equal we...
by Always passive
Sun Jun 18, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Increase stocks as part of a change in strategy
Replies: 9
Views: 559

Re: Increase stocks as part of a change in strategy

As part of a change in strategy, a portion of the family portfolio is being earmarked as long term/legacy, and for that portion, the allocation of stocks is being increased from 30 to 50%. The portfolio follows a slightly modified version of Taylor's 3 fund portfolio (VTI and VXUS in about equal we...
by Always passive
Sun Jun 18, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Increase stocks as part of a change in strategy
Replies: 9
Views: 559

Increase stocks as part of a change in strategy

As part of a change in strategy, a portion of the family portfolio is being earmarked as long term/legacy, and for that portion, the allocation of stocks is being increased from 30 to 50%. The portfolio follows a slightly modified version of Taylor's 3 fund portfolio (VTI and VXUS in about equal wei...
by Always passive
Fri Jun 16, 2017 2:25 pm
Forum: Investing - Theory, News & General
Topic: Adding new money to bond funds in rising interest environment
Replies: 28
Views: 2221

Re: Adding new money to bond funds in rising interest environment

The Fed only controls short term rates by increasing the rate banks charge each other to borrow money overnight. Any longer term interest rates are a function of the market perception of inflation. On Wednesday when the Fed increased rates, the Vanguard Total Bond Market index increased. On Tuesday ...
by Always passive
Thu Jun 15, 2017 6:56 am
Forum: Investing - Help with Personal Investments
Topic: Transferring out of MS - are there fees?
Replies: 1
Views: 218

Transferring out of MS - are there fees?

I have a breakage account at Morgan Stanley. I would like to close it and move the assets to another broker. Before beginning the process I would like to know if MS charges any fees to transfer "like in kind," meaning transferring all the assets as they are. I can contact them a get the an...
by Always passive
Tue Jun 13, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!
Replies: 75
Views: 5843

Re: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!

There is another "doomsday" video floating around online. This one is by James Davidson and he says things like: "The stock market will plummet in 2017", "Our economy is past the point of no return" "The inevitable stock market wipe-out which will lead to a stock ...
by Always passive
Mon Jun 12, 2017 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Rebalance or selling stocks with capital loss
Replies: 5
Views: 444

Rebalance or selling stocks with capital loss

My mother in law has a large capital loss and she can do at least three things with it: 1. Sell stocks that she has held since 2008- 2009 (I bought them cheap) when the world was coming apart. J&J, Boeing, Nippon T&T, Disney, Mondelez, and Vodafone. Except for BP and Vodafone, they have all ...
by Always passive
Thu Jun 08, 2017 12:50 am
Forum: Investing - Theory, News & General
Topic: 100% Stock Portfolio?
Replies: 138
Views: 7898

Re: 100% Stock Portfolio?

What are your thoughts on someone having a 100% stock portfolio for the rest of their lives? Lets say you're a 40 year old single person with no children. You keep a few years worth of savings in iBonds, are unafraid of the volatility in the stock market and therefore put all of your money into sim...
by Always passive
Thu Jun 08, 2017 12:31 am
Forum: Personal Consumer Issues
Topic: Does anyone read the Wall Street Journal?
Replies: 56
Views: 5383

Re: Does anyone read the Wall Street Journal?

I subscribe to the online versions of the NYT and WSJ and read them daily on my iPhone. I find them a worth addition to my daily life.
by Always passive
Tue Jun 06, 2017 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Anti virus protection
Replies: 27
Views: 2419

Anti virus protection

I have used Mcaffe as my virus protection on Windows for many years. I am up for renewal. I have no idea if it is effective or not. At times I also run the free version of Malware.
Does anyone have a better suggestion than just renewing?
by Always passive
Wed May 31, 2017 9:39 am
Forum: Investing - Theory, News & General
Topic: What a convincing data to be passive !
Replies: 5
Views: 905

Re: What a convincing data to be passive !

I just read some interesting statistics on stock investing. Longboard Asset Management published a study called “The Capitalism Distribution” that examined stock returns from the top 3,000 US stocks. See below reference for details. They found that: 64 percent of stocks underperformed the broad sto...
by Always passive
Wed May 31, 2017 12:43 am
Forum: Investing - Theory, News & General
Topic: What a convincing data to be passive !
Replies: 5
Views: 905

What a convincing data to be passive !

I just read some interesting statistics on stock investing. Longboard Asset Management published a study called “The Capitalism Distribution” that examined stock returns from the top 3,000 US stocks. See below reference for details. They found that: 64 percent of stocks underperformed the broad stoc...
by Always passive
Tue May 30, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: European bank fees WOW
Replies: 15
Views: 2527

Re: European bank fees WOW

Maybe it means that the European banking market is ripe for disruption. I guess because they waste money on things like human tellers, benefits, and living salaries for them. Not sure how this is actionable unless you want to start a new bank in Switzerland. My question was how Fidelity makes money...