Search found 1607 matches

by Angst
Fri Jun 23, 2017 5:24 am
Forum: Investing - Theory, News & General
Topic: Why bonds when one's investment horizon is long?
Replies: 59
Views: 3682

Re: Why bonds when one's investment horizon is long?

... Thus even after 50 years stocks might plausibly return a negative real return! You might not want to take that risk. Fortunately, long-term inflation indexed bonds currently pay a guaranteed 0.9% real with very little risk. Thank you gordoni2 for the great post and the simple but clear graphic....
by Angst
Thu Jun 22, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Allocation Decisions: LENDX, SRRIX and QSPIX
Replies: 45
Views: 3254

Re: Allocation Decisions: LENDX, SRRIX and QSPIX

I'm happy that I'm able to own QSPIX and QSMLX (SC multi-style). BOTSX too (tax mgd. version of BOSVX). If I had access to Stoneridge's products I'd be thinking about them as well. I do respect and value Larry's insight, and of course I miss his posts. I also remember the days when recommendations ...
by Angst
Thu Jun 22, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Allocation Decisions: LENDX, SRRIX and QSPIX
Replies: 45
Views: 3254

Re: Allocation Decisions: LENDX, SRRIX and QSPIX

I'm happy that I'm able to own QSPIX and QSMLX (SC multi-style). BOTSX too (tax mgd. version of BOSVX). If I had access to Stoneridge's products I'd be thinking about them as well. I do respect and value Larry's insight, and of course I miss his posts. I also remember the days when recommendations a...
by Angst
Wed Jun 21, 2017 9:30 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPS auction 6/22: yield 1.0%?
Replies: 37
Views: 3493

Re: 30 yr TIPS auction 6/22: yield 1.0%?

I've never been too concerned that I might not live long enough to take full advantage of a TIPS portfolio that takes me to year 100, but I would be concerned that I might outlive my TIPS if they only went to age 90. And if I (or my trusty nurses) begin to believe that I'm circling the drain sooner ...
by Angst
Fri Jun 16, 2017 4:29 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPS auction 6/22: yield 1.0%?
Replies: 37
Views: 3493

Re: 30 yr TIPS auction 6/22: yield 1.0%?

Count me in, as usual. Probably for about ten more years.
And thank you #Cruncher, as always.
by Angst
Wed Jun 14, 2017 11:41 am
Forum: Investing - Theory, News & General
Topic: A Current Perspective on Global Growth
Replies: 24
Views: 1802

Re: A Current Perspective on Global Growth

Great charts Todd, thank you for posting! It's amazing not only how high GDP growth is in both India and China but to see graphically how their value stacks up vs the rest of the world's economies. I can't help but wonder if there is any skepticism about those numbers coming out of China? Whatever, ...
by Angst
Tue Jun 13, 2017 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: Returning to Vanguard (from Ameriprise)
Replies: 8
Views: 887

Re: Returning to Vanguard (from Ameriprise)

Wow... Well, first of all, congratulations on the improvement in your health situation. That's surely a big deal. As far as your portfolio of mutual funds is concerned though, it's enough to make anyone sick; I'm feeling kinda queasy myself right now. I'll try not to focus too closely on it. But ser...
by Angst
Tue Jun 13, 2017 11:34 am
Forum: Investing - Theory, News & General
Topic: Bogle Doubles Down on US Index Funds
Replies: 118
Views: 11904

Re: Bogle Doubles Down on US Index Funds

[snip...] At present, U.S. multinational companies do not appear to be winning the competition for sales in the developing world. Yes, yes... but that notwithstanding, participating in US companies' sales in foreign countries has so much less to do with participating in the foreign innovation, thin...
by Angst
Tue Jun 13, 2017 11:14 am
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: 5291

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

stemikger wrote:John Bogle recently said. "Half the time I wonder why I have so much in stocks and half the time I wonder why I have so little". John Bogle's retirement account is currently 50/50

Priceless! Bogle's the best.
by Angst
Tue Jun 13, 2017 10:54 am
Forum: Investing - Theory, News & General
Topic: Bogle Doubles Down on US Index Funds
Replies: 118
Views: 11904

Re: Bogle Doubles Down on US Index Funds

uhh.... so from my read of that above chart, it would seem to confirm direct investment in the Chinese market was actually a poor decision relative to gaining the exposure through other markets with exposure http://ei.marketwatch.com//Multimedia/2015/08/19/Photos/ZH/MW-DS526_sp_reg_20150819104334_Z...
by Angst
Mon Jun 12, 2017 10:41 pm
Forum: Investing - Theory, News & General
Topic: Favorite Feature of Vanguard Website?
Replies: 64
Views: 4665

Re: Favorite Feature of Vanguard Website?

I like that the "Account overview" page has a different number for "Total assets" than the "Balances & Holdings" page even though they are the identical set of investments and if I use the "Portfolio Watch" page there is even a third number for the total ...
by Angst
Sun Jun 11, 2017 4:07 pm
Forum: Investing - Theory, News & General
Topic: Bogle Doubles Down on US Index Funds
Replies: 118
Views: 11904

Re: Bogle Doubles Down on US Index Funds

“Every single person I think I have ever talked to tells me I am wrong in this,” Bogle said. “If you believe in the majority, you can just throw my opinion in the waste basket. But on the other hand, I was brought up in this business and I am saying ‘the crowd is always wrong.’” There are different...
by Angst
Wed Jun 07, 2017 8:24 pm
Forum: Investing - Theory, News & General
Topic: 100% Stock Portfolio?
Replies: 138
Views: 6693

Re: 100% Stock Portfolio?

Sure, if you're really able to ride out all of the inevitable ups and downs, but if it were me, I'd feel a helluva lot better being diversified into international. Anyone who can justify 100% equity ought to be able to justify 100% of the equity market.
by Angst
Wed Jun 07, 2017 4:21 pm
Forum: Investing - Theory, News & General
Topic: Has Forbes really discovered the next Warren Buffett? I'm skeptical.
Replies: 20
Views: 2749

Re: Has Forbes really discovered the next Warren Buffett? I'm skeptical.

I do own these shares, and it's a play on prime world office real estate. If there's another major financial crash, they will get hammered-- really hammered. Ditto a recession focused on financial services. With greater correlation of world financial markets, if you own bank headquarters in Toronto...
by Angst
Tue Jun 06, 2017 8:55 pm
Forum: Investing - Theory, News & General
Topic: Mr. Bogle Values the Market, 1928-2016
Replies: 29
Views: 2489

Re: Mr. Bogle Values the Market, 1928-2016

One of the typically propitious indicators I always keep an eye for is a new thread started by Simplegift. Thank you for your post! :happy
by Angst
Mon Jun 05, 2017 4:46 pm
Forum: Investing - Theory, News & General
Topic: Has Forbes really discovered the next Warren Buffett? I'm skeptical.
Replies: 20
Views: 2749

Re: Has Forbes really discovered the next Warren Buffett? I'm skeptical.

"If ever there were a collection of sleep well at night investments that might one day rival the safe haven status of US Treasury bonds or gold, you could argue that it is the well diversified trove of real estate assets in Brookfield's $250 billion portfolio". Aside from the obvious ques...
by Angst
Sat Jun 03, 2017 4:05 am
Forum: Investing - Theory, News & General
Topic: BBC: Fifty Things That Made the Modern Economy
Replies: 3
Views: 752

Re: BBC: Fifty Things That Made the Modern Economy

They have a nice podcast on the history of the index fund... Yes I listened to it on the radio about an hour ago. It was nicely done and can be downloaded here: http://www.bbc.co.uk/programmes/p054414c Bogle and Samuelson figure prominently, with a bit of Buffett in there too. The main page for BBC...
by Angst
Thu Jun 01, 2017 11:08 pm
Forum: Personal Consumer Issues
Topic: How best to care for someone who frequently falls
Replies: 32
Views: 2580

Re: How best to care for someone who frequently falls

I don't think this has been mentioned yet... get a bedside commode and a urinal. One's more vulnerable at night when sleepy and it's dark. Already mentioned but worth repeating, over and over again, the obvious things: throw rugs, cords, "stuff" in the middle of halls and walkways. And &qu...
by Angst
Thu Jun 01, 2017 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Global ex-U.S. Real Estate ETF
Replies: 5
Views: 661

Re: Vanguard Global ex-U.S. Real Estate ETF

I vote for the ETF version. I prefer to avoid the mutual fund's 0.25% purchase and sale fees and have not experienced problems with the spread. Actually I've found all of the Vanguard ETFs I've used (incl. VNQI, VSS, VBR, BSV and EDV) to be remarkably liquid, often easily getting the low side of the...
by Angst
Fri May 26, 2017 7:48 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on REITs
Replies: 66
Views: 7151

Re: Larry Swedroe on REITs

Gee, it seems like Larry sure has become prolific of late. It's as if he suddenly came upon a whole lot of extra free time to devote to writing...
:oops:
by Angst
Fri May 26, 2017 7:34 am
Forum: Investing - Theory, News & General
Topic: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index
Replies: 29
Views: 3684

Re: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index

Thanks for posting triceratop. The discussion has been interesting although I see nothing particularly actionable for me here. I've no interest in trying to play this market situation, though I do already invest in it through Vanguard's emerging markets fund. I also invest in total international and...
by Angst
Wed May 24, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Intermediate vs Short Term TIPS Fund
Replies: 45
Views: 3911

Re: Intermediate vs Short Term TIPS Fund

^ Understood. One more thought. I was reading your response re: the LTPZ plus I Bonds suggestion for reducing duration of the LTPZ and I just wanted to be sure you recognize that the same goal could be accomplished by adding Vanguard's ST TIPS fund to your LTPZ holdings. Or just use Vanguard's TIPS ...
by Angst
Wed May 24, 2017 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Intermediate vs Short Term TIPS Fund
Replies: 45
Views: 3911

Re: Intermediate vs Short Term TIPS Fund

My SWR is below 3%. Overall I don't worry much about outlasting my money... [snip] Hi BigJohn, Below 3% sounds fairly safe given your AA and I'm sure that's a comfort to you. Since you've already been in retirement for about 2 years now, how much of those "below 3%" annual withdrawals hav...
by Angst
Sun May 21, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: Yield Curve and the Next Stock Market Correction
Replies: 36
Views: 3363

Re: Yield Curve and the Next Stock Market Correction

Chan_va wrote:I see - you are asking if a bond barbell or bullet is better in a flattening yield curve world. The answer would be a barbell. So, adjust your mix to a barbell with the same duration.

Doc, if this is the case, wouldn't the next question be: Which can move faster - a bear or a yield curve?
by Angst
Thu May 18, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: REITs: Count as Stocks or Bonds?
Replies: 49
Views: 3135

Re: REITs: Count as Stocks or Bonds?

If I had to pick one, REITs behave more like equity than bonds, but I really don't care. I've chosen to look at REITs as something different in my AA, so I don't think of them as equity or bonds, I think of them as REITs.
by Angst
Thu May 18, 2017 9:08 am
Forum: Investing - Theory, News & General
Topic: LMP-1: P&I article on corporate & public pension plans
Replies: 60
Views: 4645

Re: LMP-1: P&I article on corporate & public pension plans

Thank you Bob for the follow-up. Maybe the problem is tied up in the word "portfolio"? I use the LMP term to refer to my growing collection of TIPS that is expected to cover a small portion of my anticipated baseline retirement expenses from age 70-100 (might even push that out a little fa...
by Angst
Wed May 17, 2017 11:24 pm
Forum: Investing - Theory, News & General
Topic: LMP-1: P&I article on corporate & public pension plans
Replies: 60
Views: 4645

Re: LMP-1: P&I article on corporate & public pension plans

Once you are putting in a TIPS floor you have have left the world of conventional or, benchmark-driven, investing strategies and entered the world of LDI or, dedicated portfolio, strategies. Any investment strategy that matches some assets to liabilities is an LDI strategy. That includes LMP, which...
by Angst
Tue May 09, 2017 8:47 am
Forum: Investing - Help with Personal Investments
Topic: International REIT
Replies: 31
Views: 2513

Re: International REIT

While I like VNQI and own some of it, one thing that worried me about it in the past was that some of the countries had not legislated a distinct REIT structure like the US. In the US, one of the main differentiations of REIT stocks is that they have distinct tax treatment and regulations, they are...
by Angst
Mon May 08, 2017 10:18 pm
Forum: Investing - Theory, News & General
Topic: Buffet and Bogle on bonds
Replies: 24
Views: 3018

Re: Buffet and Bogle on bonds

The best predictor of future rates is the yield curve, not the news media and pundits, not the Fed's aspirations and certainly not threads like this. Rates continue to be low. They've been there a long time now. Deal with it. err, I mean, stay the course. :)
by Angst
Mon May 08, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: LMP-2: Should you take the lump sum?
Replies: 26
Views: 2844

Re: LMP-2: Should you take the lump sum?

3) mortality: people are living longer which makes pensions and annuities more valuable but pension plans have been using outdated mortality tables. That's about to maybe change: http://m.pionline.com/article/20170501/PRINT/305019980/updated-mortality-tables-are-raising-concerns ... "[for pens...
by Angst
Sun May 07, 2017 8:34 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early
Replies: 68
Views: 3430

Re: For Mr. Bogle: Let's Get The Party Started One Day Early

Jack Bogle, You're the best! If not for you, the world of consumer investing would still be dominated by the powers of marketing and advertising. The worst risks of investing wouldn't be beta and the pursuit of the perfect plan, but the lack of information, transparency and simple index-based invest...
by Angst
Sun May 07, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: DGSIX: Any other small-cap & value tilted 60/40 funds?
Replies: 10
Views: 886

Re: DGSIX: Any other small-cap & value tilted 60/40 funds?

https://s15.postimg.org/imrm4ywi3/Captura_de_pantalla_2017-05-07_a_las_7.49.54_AM.png Portfolio 1: 100% DGSIX; 2: 100% VWELX; 3: 100% FPURX. DGSIX had the most risk, the least return, and therefore the lowest Sharpe ratio. It also had the worst "worst year" and the worst "max drawdow...
by Angst
Sat May 06, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap value tilt portfolio review
Replies: 25
Views: 2108

Re: Small cap value tilt portfolio review

Your portfolio seems fine to me - there are so many ways to skin a cat. Sticking to it and not modifying it frequently is a bigger deal as is rebalancing when appropriate, and contributing and increasing contributions as income rises are also bigger deals. - Some people might want to split US REIT w...
by Angst
Sat May 06, 2017 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Small cap value tilt portfolio review
Replies: 25
Views: 2108

Re: Small cap tilt portfolio review

my 2¢...

1- edit post to include descriptive fund names so more people know what funds you're talking about
2- edit subject to include "value" to more accurately reflect how you're tilting
by Angst
Fri May 05, 2017 4:28 pm
Forum: Investing - Theory, News & General
Topic: Could someone briefly explain confusing expense ratio fees to me?
Replies: 14
Views: 1342

Re: Could someone briefly explain confusing expense ratio fees to me?

Perhaps you could get your bond exposure elsewhere, e.g. in an IRA? Or your spouse's 401k? The DFA TIPS fund is the only bond choice that looks like it has a reasonable ER. As far as variable annuities and wrappers go, I haven't a clue! I'm glad I was never put in a situation where I needed to educa...
by Angst
Fri May 05, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Convince me that I'm holding too much cash
Replies: 62
Views: 8007

Re: Convince me that I'm holding too much cash

DW and I are in our mid sixties and have been retired about 6 years. Both are collecting SS and have no pensions. As a result of a recent downsizing, we find ourselves holding about 15% of our investable assets in cash with no major purchases on the horizon. In the past I've comfortably held roughl...
by Angst
Fri May 05, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Help a beginner with Charles Schwab Roth IRA
Replies: 10
Views: 652

Re: Help a beginner with Charles Schwab Roth IRA

Personally, again, I would not use a combination of a large cap and a small cap funds when I could instead combine a Total stock market fund with a small cap fund (or preferably a small cap/value fund). Just to make sure I'm understanding things right, you would prefer a SCHB (US broad market) + SC...
by Angst
Thu May 04, 2017 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help a beginner with Charles Schwab Roth IRA
Replies: 10
Views: 652

Re: Help a beginner with Charles Schwab Roth IRA

Hi k, I totally agree with your notion of moving the 5% cash to equity - if stocks plummet in a crash (i.e., when stocks inevitably plummet in a crash), you can rebalance out of bonds into stocks. The cash is not going to contribute much. Personally, I am 50/50 US/Intl... there's no "right"...
by Angst
Thu May 04, 2017 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs 401k
Replies: 33
Views: 2382

Re: Pension vs 401k

The pension sounds generous, and if it's still intact 32 years from now and you're still at the same place of work, it could work out well for you. And someone above stated how much easier it is for companies to mess with the 401k vs the pension... if that's true, I guess that's an argument for the ...
by Angst
Wed May 03, 2017 12:41 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe Article On Enhancing Momentum Strategies
Replies: 60
Views: 5735

Re: Larry Swedroe Article On Enhancing Momentum Strategies

I haven't carefully read through Random Walker's thread yet but here's an old post that might help someone: just to straighten it out Cross Sectional MOM is RELATIVE momentum, going long the best performing (typically top 30%) and short the worst performing 30% in the asset class. If all going down,...
by Angst
Thu Apr 27, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: Vanguard New Lower ER .04%
Replies: 56
Views: 5790

Re: Vanguard New Lower ER .04%

Hey, what about TSM Institutional?! It's still at .04%
That's my 401k.
TSM Institutional Plus is at .02
by Angst
Wed Apr 26, 2017 1:26 pm
Forum: Investing - Theory, News & General
Topic: Retired, but postponing Social Security.
Replies: 17
Views: 1567

Re: Retired, but postponing Social Security.

That's what I was hoping - that the decrease was mostly due to the half year of income last year, and that things would stabilize this year when there would be a full year with no income. Just to be clear, if I've understood everything you've said correctly, next year (2018) when you're able to vie...
by Angst
Wed Apr 26, 2017 12:25 pm
Forum: Investing - Theory, News & General
Topic: Retired, but postponing Social Security.
Replies: 17
Views: 1567

Re: Retired, but postponing Social Security.

I retired last year at 62, but thought I'd hold off on claiming SSI until FRA, thinking I'd wait for the higher payout. My wife is 56 and still working (approx $55k/yr), I'm getting a pension (1229/month) and a small IRA distribution (750/month), so we're fine. I noticed on my December, 2016 SS sta...
by Angst
Sat Apr 22, 2017 8:56 am
Forum: Investing - Theory, News & General
Topic: LMP-1: P&I article on corporate & public pension plans
Replies: 60
Views: 4645

Re: LMP-1: P&I article on corporate & public pension plans

^Thank you grok. I appreciate your insight very much as the extent of my SCV tilt is still a work in progress, especially given that I have the luxury of still being in the workforce and adding to savings and steering contributions here or there. I'm trying to settle in on the right balance btw TSM ...
by Angst
Sat Apr 22, 2017 7:37 am
Forum: Investing - Theory, News & General
Topic: LMP-1: P&I article on corporate & public pension plans
Replies: 60
Views: 4645

Re: LMP-1: P&I article on corporate & public pension plans

You're lucky to have a pension. I'm basically trying to recreate that with my liability matching portfolio strategy (LMP). It's small - SS is more significant for me, but I'll take what I can get. And between the two of them, and my small (but still growing) LMP built mostly with 30 year TIPS, my e...
by Angst
Sat Apr 22, 2017 7:16 am
Forum: Investing - Help with Personal Investments
Topic: What bond index recommendations for $10K in Roth IRA?
Replies: 11
Views: 1120

Re: What bond index recommendations for $10K in Roth IRA?

I know this isn't quite what you're asking for, but if you're ready to commit to 10 years at 2.75%, maybe consider buying $10K of 20 yr 3.53% EE Bonds in taxable (they're tax deferred) and invest that $10k in your Roth in the TSM?
by Angst
Sat Apr 22, 2017 6:58 am
Forum: Investing - Theory, News & General
Topic: What's Wrong With AQR? (Managed Futures)
Replies: 66
Views: 5521

Re: What's Wrong With AQR? (Managed Futures)

It would be nice to stay in touch with Barry and keep up on the growth of his garden...
by Angst
Sat Apr 22, 2017 6:06 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 37668

Re: Larry Swedroe says "Goodby."

Doc wrote:
leftcoaster wrote:On his guidance - I always found that Larry's approach to bond investing was waaaay too complicated. I wonder how many non-clients actually implemented it.

At least one.

Make that two.
by Angst
Fri Apr 21, 2017 12:07 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 321
Views: 18684

Re: I don't understand the case for EE bonds

My marginal tax rate will be higher in 20 years than it is now, so the tax deferral has no value to me, and the state taxes aren't enough to justify the huge term risk with an EE bond. However, tax-deferral and state-tax exemption are considerations to factor in. How can you know this? It's not unr...
by Angst
Thu Apr 20, 2017 9:33 pm
Forum: Investing - Theory, News & General
Topic: LMP-1: P&I article on corporate & public pension plans
Replies: 60
Views: 4645

Re: LMP-1: P&I article on corporate & public pension plans

Gee... well, bonds are generally for safety, and equity is for risk, and hopefully return. One is safe and conservative, and one is risky and aggressive. Personally, I go for 15% of this, and 85% of that, thank you... but as far as my pension goes, I just want the result, i.e. the guarantee. I'd pre...

Go to advanced search