Search found 146 matches

by Always passive
Thu Dec 14, 2017 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: 2018 or 2008 redux
Replies: 6
Views: 603

Re: 2018 or 2008 redux

When I look at the Bitcoin euphoria, I wonder if the prediction of the NYT article is not correct.
by Always passive
Sun Dec 10, 2017 1:07 am
Forum: Personal Finance (Not Investing)
Topic: Experiences with Quicken to GNUCash Conversion.
Replies: 18
Views: 1521

Re: Experiences with Quicken to GNUCash Conversion.

I use Quicken only to keep my investments up to day and have 4 large files that holds 4 independent accounts since I manage moneys of other family members. I have been happy with Quicken for many years, but since it was sold to this new company, it has become a pain to the point that I cannot run th...
by Always passive
Sat Dec 09, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired at least 10 years, what about the money?
Replies: 43
Views: 5899

Re: For those retired at least 10 years, what about the money?

I retired late 2003 and even with the crisis of 2008 and never more than 40% in equity, I have been able to help my daughter buy a nice place after she got married, and although both, she and her husband make decent money, I often spoil them and the grand children. This winter I am taking my son in ...
by Always passive
Thu Dec 07, 2017 1:41 pm
Forum: Investing - Theory, News & General
Topic: There Are No Good Reasons to Buy Stock
Replies: 5
Views: 1626

There Are No Good Reasons to Buy Stock

Extracted from the article in today's WSJ "There Are No Good Reasons to Buy Stocks If the market is to keep on rising, there will need to be new answers about why to buy Why buy stocks? For the past year, investors have had ready answers to that question. Because a tax cut might be coming. Because t...
by Always passive
Wed Dec 06, 2017 2:33 am
Forum: Investing - Help with Personal Investments
Topic: Non-US resident portfolio with an emerging market ETF
Replies: 10
Views: 952

Re: Non-US resident portfolio with an emerging market ETF

Hi everybody, I finally got my account on Interactive Brokers and starting a Bogleheads-based three-fund portfolio for, hopefully, early retirement. About me: 30y.o., resident of Chile. The country is waiting for the tax treaty with the US for many years, so I avoid US domesticated ETFs because of ...
by Always passive
Wed Dec 06, 2017 1:39 am
Forum: Investing - Theory, News & General
Topic: "Diversification: A Reason to Stay the Course With Your High-Quality Bond Fund."
Replies: 21
Views: 3577

Re: "Diversification: A Reason to Stay the Course With Your High-Quality Bond Fund."

The first order effect of bonds in a portfolio is to dilute the volatility contributed by stocks. This has nothing to do with diversification, which is the relative reduction of risk for the same expected return as correlation between asset returns falls from fully correlated to fully anti-correlat...
by Always passive
Wed Nov 29, 2017 3:14 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 190
Views: 18008

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

I am 69 and would never consider investing in bitcoins. But my daughter thinks that I do not understand and my granddaughter thinks that neither my daughter nor I can understand. The world keeps changing so fast that neither I nor Bogle are qualify to comment on the subject.
by Always passive
Wed Nov 29, 2017 12:21 pm
Forum: Investing - Theory, News & General
Topic: Fido broken?
Replies: 20
Views: 1189

Re: Fido broken?

I just logged in successfully
by Always passive
Wed Nov 29, 2017 11:05 am
Forum: Investing - Theory, News & General
Topic: Fido broken?
Replies: 20
Views: 1189

Re: Fido broken?

Yes, check in the internet, you will get details
by Always passive
Sat Nov 25, 2017 8:59 am
Forum: Investing - Theory, News & General
Topic: Equity beta. What does ishares mean?
Replies: 8
Views: 749

Equity beta. What does ishares mean?

iShares reports the equity beta of LQD, the corporate bond ETF, to be 0.01. And the definition of equity beta given by iShares is: “Beta is a measure of the tendency of securities to move with the market as a whole. A beta of 1 indicates that the security's price will move with the market. A beta le...
by Always passive
Fri Nov 03, 2017 4:33 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation without the heartburn
Replies: 10
Views: 1605

Asset Allocation without the heartburn

Research Affiliates reminds us that a well diversified portfolio should include assets beyond plain vanilla US stocks and bonds. https://www.researchaffiliates.com/en_us/publications/articles/643-building-portfolios-diversification-without-the-heartburn.html?evar36=eml_Advisor3_1117_Section_1_Divers...
by Always passive
Fri Oct 27, 2017 6:16 am
Forum: Investing - Theory, News & General
Topic: Morningstar responds to Wall Street Journal article
Replies: 23
Views: 3632

Re: Morningstar responds to Wall Street Journal article

Lesson for investors: Statistics should be viewed with caution. Thank you for the information, Taylor. However, I'm unclear on your lesson. Is it a criticism of the WSJ analysis ( this is a link to the article ), the Morningstar's rating system, or both? I think Morningstar deserves every bit of cr...
by Always passive
Thu Oct 26, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: Morningstar 5 star rating not meaningful.
Replies: 26
Views: 1846

Re: Morningstar 5 star rating not meaningful.

The WSJ has an article on how Morningstar's 5 star rating isn't useful in predicting what happens to the fund. https://www.wsj.com/articles/the-morningstar-mirage-1508946687?reflink=e2twmkts Key quote: Of funds awarded a coveted five-star overall rating, only 12% did well enough over the next five ...
by Always passive
Tue Oct 24, 2017 12:58 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4184
Views: 1118636

Re: U.S. stocks in freefall

Number of replies to this topic should make it very clear that few people get what you just wrote! Since the markets go up most of the time, new highs shouldn't be all that uncommon. From July 2007 it took VTI over five years to hit a new high. That's a lifetime to younger investors. And much worse...
by Always passive
Sat Oct 14, 2017 11:54 pm
Forum: Personal Consumer Issues
Topic: Dental implants in Poland
Replies: 29
Views: 2510

Re: Dental implants in Poland

I have lived in many places in the world and been exposed to medical experiences outside the US. My view is that you can find good and bad service almost anywhere. In Israel, where I now live, medicine is extremely advanced, but again you need to know who to go to. I would only get out of my comfort...
by Always passive
Sat Oct 14, 2017 6:45 am
Forum: Investing - Help with Personal Investments
Topic: Tax implications of investing through London Stock Exchange for non-resident investors
Replies: 23
Views: 2390

Re: Tax implications of investing through London Stock Exchange for non-resident investors

Are you moving to the UK (or another country with equivalent US income tax and US estate tax treaties)? If yes, you could also use US domiciled ETFs without issues, since the UK/US tax treaties provide you with comparable US tax rates on dividends and decent insulation from US estate taxes. This is...
by Always passive
Fri Oct 13, 2017 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Tax implications of investing through London Stock Exchange for non-resident investors
Replies: 23
Views: 2390

Re: Tax implications of investing through London Stock Exchange for non-resident investors

Swiss stamp duties are levied on each purchase and sale of shares, bonds, structured products, investment funds, ETFs and other securities. ... Stamp duties on Swiss shares (Swiss ISIN): 0.075% Stamp duties on foreign shares (non-Swiss ISIN): 0.15% source: https://www.moneyland.ch/en/swiss-stamp-du...
by Always passive
Thu Oct 12, 2017 10:53 am
Forum: Investing - Theory, News & General
Topic: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston
Replies: 35
Views: 6531

Re: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston

I live in Houston and currently rent. Was previously a homeowner. I no longer view home ownership as a means to financial independence or even as a life milestone. I've seen too many people lose a lot of home equity making panic moves. There's a lot of mixed feelings on this debate, some people wan...
by Always passive
Tue Oct 10, 2017 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Tax implications of investing through London Stock Exchange for non-resident investors
Replies: 23
Views: 2390

Re: Tax implications of investing through London Stock Exchange for non-resident investors

A slightly different question: Are there any transaction taxes, like Stamp Tax, when trading ETFs (in this case Irish ones) in the Swiss or London Stock Exchanges? A family member bought IUAA, the US Aggregate Bond ETF through the Swiss Exchange and HSBC shows price = $5.0823; however the transactio...
by Always passive
Tue Oct 10, 2017 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 4286

Re: Protecting against the possibility of a correction?

But for those in retirement, like me, markets may not fully recover during our life time after a 2008 type correction. So, what is the Bogleheads strategy for us? NO equities? Perhaps you should take a look at the "liability matching portfolio". I don't know enough about it to comment, but it might...
by Always passive
Tue Oct 10, 2017 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 4286

Re: Protecting against the possibility of a correction?

Is anyone doing anything to protect against the possibility of a correction, apart, of course, from the standard Bogleheads stay the course, rebalance, etc? Meb Faber has an article out where he explains the use of a combination of monthly 5% out of the market put options on the market plus governm...
by Always passive
Tue Oct 10, 2017 1:38 am
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 4286

Re: Protecting against the possibility of a correction?

Is anyone doing anything to protect against the possibility of a correction, apart, of course, from the standard Bogleheads stay the course, rebalance, etc? No. I do the boring old "don't invest money you need anytime soon in stocks, static asset allocation I can tolerate in a market downturn rebal...
by Always passive
Tue Oct 10, 2017 1:36 am
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 4286

Re: Protecting against the possibility of a correction?

The Bogleheads® Philosophy *Develop a workable plan *Invest early and often *Never bear too much or too little risk * Never try to time the market <----------- *Use index funds when possible *Keep costs low *Diversify *Minimize taxes *Keep it simple * Stay the course <-------------- This a standard...
by Always passive
Tue Oct 10, 2017 12:37 am
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 4286

Protecting against the possibility of a correction?

Is anyone doing anything to protect against the possibility of a correction, apart, of course, from the standard Bogleheads stay the course, rebalance, etc? Meb Faber has an article out where he explains the use of a combination of monthly 5% out of the market put options on the market plus governme...
by Always passive
Mon Oct 09, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle a large ETF purchase?
Replies: 6
Views: 574

Re: How to handle a large ETF purchase?

Sorry can't help with such orders not on US exchanges. You might wish to add the exchange to your thread title. Why it would make a difference? The trade will be through the respectable London Stock Exchange. The problem is that the size of the desired purchase is about $1 m while the iShares web s...
by Always passive
Mon Oct 09, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle a large ETF purchase?
Replies: 6
Views: 574

Re: How to handle a large ETF purchase?

Name the ETF and I can tell you what I would do. There are other threads asking the same question, so let me see if I can find them. THere are so many threads, you should probably do the search yourself, I used low volume ETF orders as my search term. If trades are free, then practice with differen...
by Always passive
Mon Oct 09, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle a large ETF purchase?
Replies: 6
Views: 574

How to handle a large ETF purchase?

Can anyone help me understand how to handle a large purchase of a low volume (iShares) ETF? Is it as simple as setting the purchase order as a limit order, or it is necessary to make the purchase in multiple sessions?
by Always passive
Sun Oct 08, 2017 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Tips versus basket of corporate bonds ETF for retiree
Replies: 12
Views: 378

Re: Tips versus basket of corporate bonds ETF for retiree

Thank you for the great answers. I need reassurance once in a while.
by Always passive
Sun Oct 08, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Tips versus basket of corporate bonds ETF for retiree
Replies: 12
Views: 378

Re: Tips versus basket of corporate bonds ETF for retiree

...for sure I am losing about 1%+ annually... Can you explain what you mean here? Do your TIPS have negative yields? It sounds like the idea was/is a liability matching portfolio. Very likely the real yield is negative, but I don't understand why the ladder ends in 2026 already. Is it assumed retir...
by Always passive
Sun Oct 08, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Tips versus basket of corporate bonds ETF for retiree
Replies: 12
Views: 378

Re: Tips versus basket of corporate bonds ETF for retiree

...for sure I am losing about 1%+ annually... Can you explain what you mean here? Do your TIPS have negative yields? No, they return inflation plus a modest yield (0.1 to 0.35%), but if I assume that the inflation stays around the Fed’s goal of 2%, I can lock over 1% more using the ibond (corporate...
by Always passive
Sun Oct 08, 2017 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Tips versus basket of corporate bonds ETF for retiree
Replies: 12
Views: 378

Re: Tips versus basket of corporate bonds ETF for retiree

Nothing wrong with diversification. But I would step back and ask yourself why you had TIPS in the first place. What is your overall situation and what are you seeking to get from your bond allocation. As I said, my goal has been to partially fund my retirement. This is by far not the entire bond p...
by Always passive
Sun Oct 08, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Tips versus basket of corporate bonds ETF for retiree
Replies: 12
Views: 378

Tips versus basket of corporate bonds ETF for retiree

I am retired and long ago I built a ladder of individual TIPS to fund a meaningful part of my retirement. Currently my ladder covers annual individual TIPS from 2019 to 2026, with the idea to add a new TIPS bond annually to keep the ladder length constant. Then a while back, iShares came out with th...
by Always passive
Fri Oct 06, 2017 10:38 am
Forum: Investing - Theory, News & General
Topic: Research Affiliates: Starting Yields Matter To Future Returns
Replies: 6
Views: 917

Re: Research Affiliates: Starting Yields Matter To Future Returns

http://www.etf.com/sections/features-and-news/research-affiliates-starting-yields-matter-future-returns?nopaging=1 I came across this Research Affiliates article on etf.com. I think using historical average returns to make asset allocation decisions is a mistake. But I do believe historical standar...
by Always passive
Fri Oct 06, 2017 1:01 am
Forum: Investing - Theory, News & General
Topic: Research Affiliates: Starting Yields Matter To Future Returns
Replies: 6
Views: 917

Re: Research Affiliates: Starting Yields Matter To Future Returns

http://www.etf.com/sections/features-and-news/research-affiliates-starting-yields-matter-future-returns?nopaging=1 I came across this Research Affiliates article on etf.com. I think using historical average returns to make asset allocation decisions is a mistake. But I do believe historical standar...
by Always passive
Thu Oct 05, 2017 7:06 am
Forum: Investing - Help with Personal Investments
Topic: Converting from market cap to factor investing?
Replies: 1
Views: 176

Converting from market cap to factor investing?

Has anyone decided to begin allocating by factors (beyond the standard small cap and value)?
Many here invest in a world stock index. Now iShares offers ACWF, world stock multi factor. What about this ETF instead of VT or ACWI?
by Always passive
Wed Oct 04, 2017 1:55 am
Forum: Investing - Help with Personal Investments
Topic: A continuation of the discussion on the US market high valuation
Replies: 2
Views: 473

A continuation of the discussion on the US market high valuation

I found this interesting article in Bloomberg on US market high CAPE and the reversion to the mean issue.
Any comments?

https://www.bloomberg.com/view/articles ... mal-levels
by Always passive
Thu Sep 28, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: New Quicken problems!
Replies: 1
Views: 282

New Quicken problems!

I own Quicken 2017 and a day ago after I got in, I was asked to go through the process of creating a Quicken ID and password. Since then I have had only problems. I am ask to sign in repeatedly to get in and again when I want to download new security prices. Is anyone having similar problems and if ...
by Always passive
Tue Sep 26, 2017 10:47 pm
Forum: Investing - Theory, News & General
Topic: Research Affiliated Model Portfolios: ZERO % US stocks
Replies: 46
Views: 5002

Re: Research Affiliated Model Portfolios: ZERO % US stocks

Garland, FYI, in case you haven't seen it, here is an article by Michael Kitces from a few years ago looking at CAEP 10: https://www.kitces.com/blog/shiller-cape-market-valuation-terrible-for-market-timing-but-valuable-for-long-term-retirement-planning/. The correlation between CAEP 10 and real ret...
by Always passive
Tue Sep 26, 2017 3:07 pm
Forum: Investing - Theory, News & General
Topic: Research Affiliated Model Portfolios: ZERO % US stocks
Replies: 46
Views: 5002

Re: Research Affiliated Model Portfolios: ZERO % US stocks

What a coincidence, RA has issued a short document warning investors about the US equity market. Read it here...it is worth your time. https://www.researchaffiliates.com/en_us/publications/articles/634-ignoring-starting-yields-nabbing-this-usual-suspect-in-poor-investment-outcomes.html?evar36=eml_Ad...
by Always passive
Sun Sep 24, 2017 11:11 pm
Forum: Investing - Theory, News & General
Topic: Research Affiliated Model Portfolios: ZERO % US stocks
Replies: 46
Views: 5002

Re: Research Associates Model Portfolios: ZERO % US stocks

I think this is a ridiculous position, I don't get the "all or nothing" way of thinking. It would be rational to have a lighter than normal weighting of US Stocks in a portfolio because of valuations but to exclude them altogether just makes no sense to me. Arnott is essentially saying that he know...
by Always passive
Sun Sep 24, 2017 3:11 pm
Forum: Investing - Theory, News & General
Topic: Research Affiliated Model Portfolios: ZERO % US stocks
Replies: 46
Views: 5002

Research Affiliated Model Portfolios: ZERO % US stocks

Research Affiliated, the home of Rob Arnott, has a very neat website that displays asset classes' forecasts (see reference below) which I often review since much of its equity forecasting is based on Shiller's PE10 which I find one of the most reliable long term valuation tools. What has caught my a...
by Always passive
Sat Sep 23, 2017 11:51 pm
Forum: Personal Consumer Issues
Topic: Do you subscribe to digital newspapers?
Replies: 92
Views: 5472

Re: Do you subscribe to digital newspapers?

Only, and read them in my iPad no matter where I am in the world. Could anything be simpler?
by Always passive
Fri Sep 08, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Irish ETFs taxes on US equity dividends
Replies: 5
Views: 573

Re: Irish ETFs taxes on US equity dividends

My bank in Israel tells me that they DO NOT see that tax, meaning that that information is not passed to them. If that is the case, an Israeli investor could be paying double taxation. Pretty much. The 15% US dividend withholding tax is paid internally by an Ireland domiciled ETF, and so in effect ...
by Always passive
Fri Sep 08, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Irish ETFs taxes on US equity dividends
Replies: 5
Views: 573

Re: Irish ETFs taxes on US equity dividends

Assuming the discussion so far is based on Ireland domiciled ETFs with distributing dividends, wouldn't it be better for OP to choose ETFs with accumulating dividends (if Israel doesn't tax their dividends)? The US taxes 15% no matter whether they are distributing or accumulating and Israel has a 2...
by Always passive
Fri Sep 08, 2017 12:18 am
Forum: Investing - Help with Personal Investments
Topic: Irish ETFs taxes on US equity dividends
Replies: 5
Views: 573

Irish ETFs taxes on US equity dividends

For those that invest in Irish domiciled ETFs, I have a puzzling question. According to iShares and other sources, investments in US equities through Irish ETFs are subject to a 15% tax on dividends. My bank in Israel tells me that they DO NOT see that tax, meaning that that information is not passe...
by Always passive
Wed Aug 30, 2017 12:00 am
Forum: Investing - Theory, News & General
Topic: Rob Arnott: Dump US stocks buy EM
Replies: 65
Views: 6175

Re: Rob Arnott: Dump US stocks buy EM

Given that we are discussing allocation, i am curious to hear from people that are shifting away from US to EM. What is your current allocation?
To start, I am retired and mine is and has been for the past 2 years or so:
40% US
40% DW ex US
20% EM
With 30% Total Equity in portfolio.