Search found 1527 matches

by Angst
Tue Mar 21, 2017 4:18 pm
Forum: Investing - Theory, News & General
Topic: Why do people invest in Long Term Bonds now?
Replies: 51
Views: 7185

Re: Why do people invest in Long Term Bonds now?

I'm interested to know what people think now that we're officially in an interest rate rising (slowly) environment again. Five years ago it appeared as if everyone was assuming that rates were inevitably going up, and really soon. Four years ago the "taper tantrum" seemed at least momenta...
by Angst
Mon Mar 20, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 79
Views: 3235

Re: Best way to expand my vocabulary?

Far be it from me to criteak. :happy
by Angst
Mon Mar 20, 2017 1:30 pm
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 79
Views: 3235

Re: Best way to expand my vocabulary?

As many have already suggested: read. And with each new book, start a new note card/bookmark and write down the definition for any word you need to look up. I still do this on occasion, and I include the typically Latin or Greek derivation of the word. And then every time you pick up the book to con...
by Angst
Thu Mar 16, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Bought my first individual TIPS, now I am in love!
Replies: 34
Views: 3945

Re: Bought my first individual TIPS, now I am in love!

Original issue, or did you pick her up in the secondary market?
by Angst
Wed Mar 15, 2017 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds - now or later in the year?
Replies: 8
Views: 973

Re: I Bonds - now or later in the year?

It all depends on what you want out of your I-Bonds. If you're going to cash them in in just a couple years or so, do it now and catch the current 2.76% composite rate. However, if you're more likely to hold on to your I-Bonds indefinitely as an emergency fund of sorts, perhaps for years indefinitel...
by Angst
Wed Mar 15, 2017 6:46 pm
Forum: Investing - Theory, News & General
Topic: Problem with Vanguard's CD-Bond Search Page [TIPS]
Replies: 3
Views: 384

Re: Problem with Vanguard's CD-Bond Search Page [TIPS]

Update: Two weeks later, nothing's changed so far. It must be a pretty complicated fix. :shock:

xenial identified the problem: Vanguard's bond desk misclassified the 2045 TIPS as a nominal treasury bond. It still will not show up in any bond search you do at Vanguard specifically for TIPS.
by Angst
Wed Mar 15, 2017 4:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 31
Views: 2756

Re: Vanguard: "Important: We've been unable to reach you by email"

I wonder if these letters date back to the recent day(s) when folks couldn't login to their Vanguard accounts. Probably Vanguard couldn't send out e-mails those days either, so many outbound e-mails got bounced. It's a thought... it does make sense, even though I wasn't caught up in that particular...
by Angst
Wed Mar 15, 2017 3:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 31
Views: 2756

Re: Vanguard: "Important: We've been unable to reach you by email"

This discussion has just now reminded me of a post I made on March 2nd about Vanguard's bond purchase webpage and a problem they were having. If you were searching for TIPS under certain criteria, the 30-yr 2045 issue was not coming up. I contacted Vanguard support twice and ultimately pointed out t...
by Angst
Wed Mar 15, 2017 3:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 31
Views: 2756

Re: Vanguard: "Important: We've been unable to reach you by email"

I contacted VG about it the other day and they basically wrote back that they were aware they were having issues with sending false warnings and they were working to address it. That doesn't mean I would ignore it in the future, but I have been getting VG emails just fine both before and after rece...
by Angst
Wed Mar 15, 2017 3:14 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 31
Views: 2756

Re: Vanguard: "Important: We've been unable to reach you by email"

Those emails generally just tell you that a confirmation is available on the web site. There should also be a message there. Your main page should have a link to new messages. The message should direct you to the actual confirmation, a PDF. See if there is one there that you did NOT get an email no...
by Angst
Wed Mar 15, 2017 2:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 31
Views: 2756

Re: Vanguard: "Important: We've been unable to reach you by email"

BackOfTheNet wrote:
Jack FFR1846 wrote:
BackOfTheNet wrote:Sounds like a phishing email. Are there links in the email that it is asking you to click? I'd be careful.

It wasn't an email. I'm not sure how to click a link on a piece of paper that came out of an envelope.

Doh! :oops: Bad reading on my part sorry.

Correct. Thank you!
by Angst
Wed Mar 15, 2017 2:44 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 31
Views: 2756

Re: Vanguard: "Important: We've been unable to reach you by email"

I have had this happen twice. I think what happens is Vanguard receives a bounceback on an email they tried to send you, and it triggers this letter. I think it is good thing that they monitor for bouncebacks... I choose to be annoyed by my email provider which obviously isn't 100% reliable. I vagu...
by Angst
Wed Mar 15, 2017 2:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 31
Views: 2756

Vanguard: "Important: We've been unable to reach you by email"

For better or worse, I hold large portions of both my taxable and IRA savings at Vanguard, as well as my 401k. Yesterday I received a first-class letter from Vanguard stating in bold face: Important: We've been unable to reach you by email , followed by: Because you signed up for electronic delivery...
by Angst
Wed Mar 15, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Father is 90, taking over his investments
Replies: 23
Views: 2534

Re: Father is 90, taking over his investments

The financial advisor I met with suggested that the entire 1million be invested in a balanced portfolio geared toward moderate growth. The rationale is this: as his remaining time window is most probably under two years, it makes sense to invest the money as would his heirs if they were inheriting ...
by Angst
Mon Mar 06, 2017 4:46 pm
Forum: Investing - Theory, News & General
Topic: Forecasting inflation
Replies: 6
Views: 465

Re: Forecasting inflation

I couldn't access the WSJ article either but thought that the research paper was interesting. Here is the final sentence of its conclusion: As the contrast with the 1970s makes abundantly clear, it is appropriate to emphasize that our discussions are in the spirit of trying to build on the triumph o...
by Angst
Thu Mar 02, 2017 12:48 pm
Forum: Investing - Theory, News & General
Topic: Problem with Vanguard's CD-Bond Search Page [TIPS]
Replies: 3
Views: 384

Re: Problem with Vanguard's CD-Bond Search Page

xenial wrote:It looks like Vanguard misclassified the issue as a nominal treasury bond.

You're right, xenial. So I just sent them the info - maybe that will help them fix it quickly. Thank you for figuring this out.
by Angst
Thu Mar 02, 2017 12:12 pm
Forum: Investing - Theory, News & General
Topic: Problem with Vanguard's CD-Bond Search Page [TIPS]
Replies: 3
Views: 384

Problem with Vanguard's CD-Bond Search Page [TIPS]

FYI - If you search at Vanguard's FI "Find CD's and Bonds" page for TIPS with the criteria of a maturity of 20 - 30 years, for example, the 2045 TIPS issue (CUSIP 912810RL4) does not show up in the list. I haven't carefully looked throughout the maturities to see if this is happening with ...
by Angst
Wed Mar 01, 2017 2:43 pm
Forum: Investing - Theory, News & General
Topic: Treating I-Bonds as Long-term Bond Holdings
Replies: 19
Views: 2037

Re: Treating I-Bonds as Long-term Bond Holdings

To me, they're "Bonds" in name only. As Nisi said above , they're unique. The closest thing that I'd try to say they are like is a passbook savings account that is inflation protected, with both a 1-year lockout (no sell) on new contributions and a 3-month interest rate penalty for any wit...
by Angst
Tue Feb 28, 2017 2:49 pm
Forum: Investing - Theory, News & General
Topic: "2016 Brings Perfect Weather for [Liability Matching Portfolio]
Replies: 10
Views: 1169

Re: "2016 Brings Perfect Weather for [Liability Matching Portfolio]

The stock market is up. Long term interest rates are up. Time to sell some stocks and start building that 30 year tips ladder? Inflation protection for 30 years with a real fully taxable yield of less than 1%? Unless you are both extremely risk averse and very wealthy, the answer to this question i...
by Angst
Sun Feb 19, 2017 5:22 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPS Auction Feb 16: real yield 1.1%?
Replies: 40
Views: 4066

Re: 30 yr TIPS Auction Feb 16: real yield 1.1%?

Yes, the yield came in at 0.923% as shown on the auction results PDF file . [1] Thanks #Cruncher, ... Which have you found to be the best predictor for the February new issue: last year's 30-yr TIPS secondary market yield or the real CMT rate? To paraphrase the Dos Equis spokesman , "I don't a...
by Angst
Fri Feb 17, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 98
Views: 3954

Re: Vanguard Web Site Down?

I'm in now.
by Angst
Fri Feb 17, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 98
Views: 3954

Re: Vanguard Web Site Down?

Vanguard wrote:"Your account information is temporarily unavailable..."

I'm glad it's not just my account.
by Angst
Tue Feb 14, 2017 4:04 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPS Auction Feb 16: real yield 1.1%?
Replies: 40
Views: 4066

Re: 30 yr TIPS Auction Feb 16: real yield 1.1%?

... But as far as the Bloomberg page you refer to, Angst, it does not show a CMT rate. It is for a specific TIPS, the 1% coupon maturing February 2046. I think the rate of the 2046 TIPS is a good predictor of what the rate will be on the 2047 TIPS to be auctioned. I say this because the yields of t...
by Angst
Tue Feb 14, 2017 2:22 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPS Auction Feb 16: real yield 1.1%?
Replies: 40
Views: 4066

Re: 30 yr TIPS Auction Feb 16: real yield 1.1%?

Secondary yield is now down to 0.95% so i'm hoping for 1.05% now at auction... Hi grok, I too am in for a 1/3 of my annual purchase. Rates appear to be climbing back up a bit today, which is promising. Where exactly were you looking last week for that 0.95% secondary yield? Angie Bloomberg Ok. Humo...
by Angst
Tue Feb 14, 2017 1:30 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPS Auction Feb 16: real yield 1.1%?
Replies: 40
Views: 4066

Re: 30 yr TIPS Auction Feb 16: real yield 1.1%?

grok87 wrote:Secondary yield is now down to 0.95% so i'm hoping for 1.05% now at auction...

Hi grok,
I too am in for a 1/3 of my annual purchase. Rates appear to be climbing back up a bit today, which is promising. Where exactly were you looking last week for that 0.95% secondary yield?
Angie
by Angst
Mon Feb 13, 2017 5:18 pm
Forum: Personal Consumer Issues
Topic: 2 Days in Nashville - What to see
Replies: 16
Views: 1067

Re: 2 Days in Nashville - What to see

Roberts on lower Broadway. If you want to hear session players covering old country, alt-country, etc. classics from as far back as the 50's to more recent times, you can't beat Roberts. No cover, great house bands, cheap food/beer... and the area is one of the most walkable for looking around at ni...
by Angst
Thu Feb 09, 2017 4:02 pm
Forum: Investing - Theory, News & General
Topic: Is it wise to buy I bonds yielding lower than TIPS?
Replies: 18
Views: 1581

Re: Is it wise to buy I bonds yielding lower than TIPS?

Given the purchase limits on I bonds it is a necessity that I bond purchases occur over an extended period of time. Given that, I doubt there is a meaningful concept of when to buy I bonds. A possible good idea is to buy the max every year, if I bonds are an asset you want in your portfolio. A &quo...
by Angst
Thu Feb 09, 2017 3:54 pm
Forum: Investing - Theory, News & General
Topic: Is it wise to buy I bonds yielding lower than TIPS?
Replies: 18
Views: 1581

Re: Is it wise to buy I bonds yielding lower than TIPS?

I'd at least suggest waiting until April when the new (effective in May) I bond fixed [emphasis added] rate will be announced. In mid-April, after the announcement of the Consumer Price Index figures for March, it will be possible to compute the inflation component for new I Bonds to be issued duri...
by Angst
Thu Feb 09, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Larry Swedroe on James Lange's podcast Retire Secure
Replies: 8
Views: 2089

Re: Larry Swedroe on James Lange's podcast Retire Secure

Also there is an interview with The Evidence Based Investor which you can read about here, including the foreward to Your Complete Guide to Factor Based Investing by Cliff Asness http://www.evidenceinvestor.co.uk/navigating-the-factor-zoo/ Hope you find them both helpful Larry [Snip...] and it feat...
by Angst
Thu Feb 09, 2017 9:45 am
Forum: Investing - Theory, News & General
Topic: Is it wise to buy I bonds yielding lower than TIPS?
Replies: 18
Views: 1581

Re: Is it wise to buy I bonds yielding lower than TIPS?

I'd at least suggest waiting until April when the new (effective in May) I bond fixed rate will be announced. And definitely think about what Nisi points out about the absence of volatility in the value of I bonds. If you're buying a 5-year TIPS for a liability 5 years out, no issue really, but if y...
by Angst
Wed Feb 08, 2017 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for a soon-to-be MLB draftee
Replies: 68
Views: 9753

Re: Advice for a soon-to-be MLB draftee

Revisiting this thread..... [Snip...] My proposed recommendation: $40,000: cash savings / high-yield savings account, which gives him some room for some splurge purchases. $55,000 each in FUSVX, FSTVX, FSIVX, FSITX . Leave it there and forget about. What are the deficiencies in that approach? Any o...
by Angst
Mon Jan 30, 2017 9:39 pm
Forum: Investing - Theory, News & General
Topic: PXSV is now super valuey (even more than RZV)
Replies: 31
Views: 4273

Re: PXSV is now super valuey (even more than RZV)

^ You're an honest man Nisi. Nothing hypothetical about that!
by Angst
Mon Jan 30, 2017 12:55 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Watch Concerns
Replies: 2
Views: 397

Re: Portfolio Watch Concerns

^ +1 Watch out! I do not rely on Vanguard's portfolio analysis tools. Certain funds are poorly matched to their actual international holdings. I've read a variety other complaints as well. I believe M* is a better place to go.
by Angst
Sun Jan 29, 2017 8:09 pm
Forum: Investing - Theory, News & General
Topic: BRK - thoughts on interesting stock
Replies: 66
Views: 6296

Re: BRK - thoughts on interesting stock

Here's the assertion: Most posters here do not consider BRK a no cost , tax-efficient, simple way to gain diversified factor exposure. No cost, seriously? Berkshire employees work for free, and Berkshire pays nothing for office space, network connections, photocopiers, etc. etc.? Expense ratio is j...
by Angst
Fri Jan 27, 2017 8:37 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1182
Views: 164973

Re: QSPIX - thoughts on interesting fund

Hope this is helpful Having sat in on the quarterly call on QSPRX, I thought a short summary might be helpful. Keep in mind the fund has many positions. Basically the fund had a small loss because MOM was -11%, offsetting the large gain from value which was +8%, Carry was positive I think about 3% ...
by Angst
Thu Jan 19, 2017 10:20 pm
Forum: Investing - Theory, News & General
Topic: Factor-Diversified Portfolio
Replies: 175
Views: 14564

Re: Factor-Diversified Portfolio


Robert,
if you would ever decide to expand upon your thoughts to the extent of writing a book, I think you'd have a lot of fans here who would look forward to reading it. You write quite well.
by Angst
Thu Jan 19, 2017 9:55 pm
Forum: Investing - Theory, News & General
Topic: TIPS are great in "theory." But real world...
Replies: 34
Views: 3655

Re: TIPS are great in "theory." But real world...

I know what my term life insurance will pay out if I die. What will TIPS pay if there is unexpected inflation? I'd call them a loose proxy for insurance but not call them insurance directly. It's not that clear cut IMO. And your replacement cost insurance will pay to rebuild your house after that f...
by Angst
Wed Jan 18, 2017 10:30 pm
Forum: Investing - Theory, News & General
Topic: TIPS are great in "theory." But real world...
Replies: 34
Views: 3655

Re: TIPS are great in "theory." But real world...

Sometimes I feel like BH posters are shoulders ahead of me when it comes to the underpinnings of the points being made in the threads stitched hereabouts in the fabric of our wonderful BH's domain, and I too struggle with this...

I'm sorry, I'm drinking coffee way too late into the night.
by Angst
Wed Jan 18, 2017 10:18 pm
Forum: Investing - Theory, News & General
Topic: Short Term TIPS in retirement portfolio
Replies: 23
Views: 2073

Re: Short Term TIPS in retirement portfolio

[snip...]although I am intrigued by the poster who said to liquidate the most overweighted positions (kind of rebalancing as you withdraw). Some might think that is too much in equities for a retiree in the withdrawal stage, but I am aggressive and sleep OK in bear markets. Vanguard's Target Retire...
by Angst
Wed Jan 18, 2017 2:06 pm
Forum: Investing - Theory, News & General
Topic: TIPS are great in "theory." But real world...
Replies: 34
Views: 3655

Re: TIPS are great in "theory." But real world...

By all means, your instincts are correct: Never invest in something you don't have a good understanding of. If you want to learn more, there is a lot of information out there. I suggest you avoid what is often just simplistic fear-mongering, and I'd read something more in depth than just a thread he...
by Angst
Wed Jan 18, 2017 11:31 am
Forum: Investing - Theory, News & General
Topic: An index isn't an index isn't an index...
Replies: 23
Views: 2587

Re: An index isn't an index isn't an index...

- I don't think it's useful to focus on comparing the CRSP to the S&P indexes - it's far less meaningful as the S&P is constituted by committee. - But the Russell, MSCI and Dow indexes are each, in aggregate purportedly total market cap-weighted indexes, like CRSP, and broken out by both cap...
by Angst
Wed Jan 18, 2017 10:08 am
Forum: Investing - Theory, News & General
Topic: An index isn't an index isn't an index...
Replies: 23
Views: 2587

Re: An index isn't an index isn't an index...

Bump... I can accept, somewhat blindly albeit, that the S&P selection process makes comparison with its indexes a little problematic, but the others? I'm curious what's going on. My emphasis below. Let me advertise another blog post from Barry, a short & sweet and especially striking post, a...
by Angst
Tue Jan 17, 2017 10:24 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1182
Views: 164973

Re: QSPIX - thoughts on interesting fund

I just find it very strange how confidently some people are posting "Here's a free lunch." Please show an actual quote where someone said this about alternatives Larry This can be easily addressed, at least as far as this thread is concerned, with the "search this topic" link at...
by Angst
Sat Jan 07, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: "The 401k Problem We Refuse to Solve"
Replies: 49
Views: 4456

Re: "The 401k Problem We Refuse to Solve"

It's a good suggestion to buy tips in an ira. One problem is thAt for some people they are not tax advantaged in which cAse i struggle to recommend them. Agreed. Part of what I like about the idea of maxing the IRA annually from age 35 is how contributions will grow with inflation (roughly) as allo...
by Angst
Sat Jan 07, 2017 11:29 am
Forum: Investing - Theory, News & General
Topic: "The 401k Problem We Refuse to Solve"
Replies: 49
Views: 4456

Re: "The 401k Problem We Refuse to Solve"

Interpreted somewhat literally, this is basically an argument for the liability matching portfolio (LMP) approach advocated by Bernstein, Bodie, et al. in other words, start buying 30 year tips when you are say 35 years old and keep buying them for 30 years until you retire at age 65. Then you will...
by Angst
Sat Jan 07, 2017 10:44 am
Forum: Investing - Theory, News & General
Topic: Are Commodities Still a Good Portfolio Diversifier?
Replies: 51
Views: 2877

Re: Are Commodities Still a Good Portfolio Diversifier?

Larry,
Any chance you would want to weigh in with your current opinion on commodities? I haven't read you new book yet.
by Angst
Fri Jan 06, 2017 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Help me Choose 401k Funds
Replies: 7
Views: 490

Re: Help me Choose 401k Funds

I second what both Trev H and selters have suggested above. And not only meet your 4% match but try to maximize your 401k and then maximize your allowed IRA as well and use that as a baseline from which you can eventually begin considering investing taxable investments as well. Get used to automatic...
by Angst
Fri Jan 06, 2017 5:43 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on ishares multifactor ETFs?
Replies: 16
Views: 1977

Re: Thoughts on ishares multifactor ETFs?

My only real beef with the iShares multifactor ETFs is AUM. These are at risk of eventual closure, I would think. Also you've got to account for the probability for a switch to a different index somewhere down the line, quite possibly to one I or others might not like as much. So I would hesitate t...
by Angst
Thu Jan 05, 2017 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Choice Of Bond Funds For Retirees Late In Life
Replies: 11
Views: 1713

Re: Choice Of Bond Funds For Retirees Late In Life

Thank you for all the responses. I will be transferring some funds from intermediate bond funds and purchase the Short Term Investment Grade Fund from which I will withdraw necessary distributions such as RMDs. I'm sure you see this, but I'll point out that the duration of your entire bond portfoli...
by Angst
Tue Jan 03, 2017 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 41
Views: 5321

Re: I-bonds

By the way you do something to transfer the converted bonds over to be shown with all your other bonds so they are all in one place. I couldn't possibly tell you what the process is (it was fairly obtuse) but it is doable (google it or look at the help on the website) and definitely more convenient...

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