Search found 1635 matches

by Angst
Mon Jul 24, 2017 7:34 pm
Forum: Investing - Theory, News & General
Topic: A One World, Global Market for Stocks?
Replies: 13
Views: 1475

Re: A One World, Global Market for Stocks?

I look forward to reading the article. My initial reaction to the graphic is "Why is Japan so far off on its own?"
by Angst
Mon Jul 24, 2017 6:31 pm
Forum: Investing - Theory, News & General
Topic: Can a TIPS ladder 'fail' ?
Replies: 101
Views: 8986

Re: Can a TIPS ladder 'fail' ?

@Angst Never say never. Sith happens. It sure does! That said I don't expect that the 30 will go negative. But if I was going to create a 30 year TIPS LMP under current conditions I would use triple rungs of ten's not single rungs of thirty's. Yes, I would have gathered this would be your way of do...
by Angst
Mon Jul 24, 2017 5:54 pm
Forum: Investing - Theory, News & General
Topic: Can a TIPS ladder 'fail' ?
Replies: 101
Views: 8986

Re: Can a TIPS ladder 'fail' ?

This I find confusing. The Yield to Maturity calculation takes into account coupons. Otherwise your yield on a bond is very low. What you are really describing is a zero coupon bond. Where the discount at purchase means that the capital gain at redemption, annualized, gives you a YTM-- there's no r...
by Angst
Mon Jul 24, 2017 4:55 pm
Forum: Investing - Theory, News & General
Topic: Can a TIPS ladder 'fail' ?
Replies: 101
Views: 8986

Re: Can a TIPS ladder 'fail' ?

For me personally, all I want or "expect" in real terms from my growing LMP's 2017 purchase at auction of $X,000 TIPS is its real purchase price equivalent 30 years from now, coupons are secondary. Except at a recent TIPS auction the real yield was negative which means you would not get your princi...
by Angst
Mon Jul 24, 2017 3:47 pm
Forum: Investing - Theory, News & General
Topic: Can a TIPS ladder 'fail' ?
Replies: 101
Views: 8986

Re: Can a TIPS ladder 'fail' ?

This is a prudent approach: protect your $X from inflation for 10 or 30 years and ignore the coupons. Are you paying attention to the real rates? Or $X today = $X (real) in 2047 is enough for you? Victoria Oh I do pay attention to real rates! Like a hobby, but yes: "$X today = $X (real) in 2047" is...
by Angst
Mon Jul 24, 2017 3:12 pm
Forum: Investing - Theory, News & General
Topic: TIPS question - ytm for Jan vs. Jul issues
Replies: 8
Views: 641

Re: TIPS question - ytm for Jan vs. Jul issues

When you're in a crunch, who you gonna call? :wink:
by Angst
Mon Jul 24, 2017 3:04 pm
Forum: Investing - Theory, News & General
Topic: Can a TIPS ladder 'fail' ?
Replies: 101
Views: 8986

Re: Can a TIPS ladder 'fail' ?

So before we go off on different tangents, you might want to back up and state exactly what it is that you're expecting out of your TIPS ladder. Each rung at maturity delivers greater or equal in real terms that at which it was bought at. What else could or should one expect of it ? So from previou...
by Angst
Sun Jul 23, 2017 4:08 pm
Forum: Investing - Theory, News & General
Topic: US and International Bond Fund Allocation
Replies: 109
Views: 8555

Re: US and International Bond Fund Allocation

What I called a liability matching portfolio (Bill Bernstein), Sharpe calls a riskless portfolio (TIPS). So the the two portfolios, risk and riskless are separate. The market amount of int'l bonds is presently 21%. Any other allocation is betting, not investing. That's an interesting thought what y...
by Angst
Fri Jul 21, 2017 6:03 am
Forum: Investing - Theory, News & General
Topic: Bogle is pro-SCV!
Replies: 36
Views: 4237

Re: Bogle is pro-SCV!

[Snip...] 5) so arguably one could take 2 different roads: a) treasuries and small cap value or b) tips and total stock market. With a) the treasuries should hedge the deflationary scenaRios when scv does poorly. But i prefer b) as the inflation hedge is more guaranteed and tips offer some protecti...
by Angst
Fri Jul 21, 2017 4:47 am
Forum: Investing - Help with Personal Investments
Topic: ibond purchases on treasurydirect
Replies: 11
Views: 1421

Re: ibond purchases on treasurydirect

Is it a direct deposit into the checking account I linked up, or do they send me a check, or does it collect virtually and I can check the amount under my account in the website? Ah, wouldn't that be nice! The Bogleheads Wiki pages on savings bonds should answer all your questions. In addition to t...
by Angst
Wed Jul 19, 2017 3:28 pm
Forum: Investing - Theory, News & General
Topic: New Swensen Op Ed "Wall Street Profits by Putting Investors in the Slow Lane"
Replies: 15
Views: 1591

Re: New Swensen Op Ed "Wall Street Profits by Putting Investors in the Slow Lane"

However I don't see how this can matter too much for Bogleheads since the most popular Boglehead ETFs have 1-2c (about 0.01%) spreads, paid once or twice over one's lifetime. It's hard for me to conceptualize the significance, but Vanguard does the actual trading on the mutual fund side (and I supp...
by Angst
Wed Jul 19, 2017 2:41 pm
Forum: Investing - Theory, News & General
Topic: New Swensen Op Ed "Wall Street Profits by Putting Investors in the Slow Lane"
Replies: 15
Views: 1591

Re: New Swensen Op Ed "Wall Street Profits by Putting Investors in the Slow Lane"

Good article. I like the last sentence - it's a good question. And btw, does anyone know what control Vanguard might have as far as how its trading is routed? [edit] Alright, here's that last sentence: Maybe it’s time for the Securities and Exchange Commission to start enforcing its own best-executi...
by Angst
Wed Jul 12, 2017 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: EE Bonds?
Replies: 44
Views: 2267

Re: EE Bonds?

Thesaints wrote:Wouldn't holding beyond the 20-year mark be a mistake for essentially anybody ?
I don't suppose so. If someone's marginal tax rate is expected to plummet in year 22, can you not imagine waiting until year 22 to cash in their Savings Bond being a cost-effective choice?
by Angst
Wed Jul 12, 2017 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: EE Bonds?
Replies: 44
Views: 2267

Re: EE Bonds?

Since about the 19 years I-Bonds have been around, there has only been two periods when the variable rate was negative: May 2009 and May 2015. Every other year the variable rate was higher then the 0.10% you get with EE-Bonds. https://www.treasurydirect.gov/indiv/research/indepth/ibonds/IBondRateCh...
by Angst
Wed Jul 12, 2017 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: EE Bonds?
Replies: 44
Views: 2267

Re: EE Bonds?

A 20-year rate of 3.50% on a Treasury issue looks like a bargain right now . Who can tell how it will look down the road, especially considering the huge early withdrawal penalty ? Yep - I am tempted to throw just 6k in this year and starting throwing 10k every year till I'm 50 years old. (I can us...
by Angst
Wed Jul 12, 2017 11:52 am
Forum: Investing - Help with Personal Investments
Topic: EE Bonds?
Replies: 44
Views: 2267

Re: EE Bonds?

A 20-year rate of 3.50% on a Treasury issue looks like a bargain right now . Who can tell how it will look down the road, especially considering the huge early withdrawal penalty ? Yep - I am tempted to throw just 6k in this year and starting throwing 10k every year till I'm 50 years old. (I can us...
by Angst
Tue Jul 11, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: EE Bonds?
Replies: 44
Views: 2267

Re: EE Bonds?

I've been buying EE Bonds since 2010 and I consider myself lucky , given where LT interest rates have been over the last 7 years. I'll continue buying them as long as the LT portion of the Treasury yield curve continues to look promising. But I'll also continue to be willing to capitulate on a few r...
by Angst
Tue Jul 11, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: EE Bonds?
Replies: 44
Views: 2267

Re: EE Bonds?

I thought of that too. But if my bonds stink, my stocks do well.. and vice versa. I just want some security when I hit late 40s, early 50s. I know "security" does not really exist BUT if my logic is correct with stocks/bonds, I'll be... ok. Haha. No - not with EE Bonds at least. To the extent this ...
by Angst
Sat Jul 08, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Should I still buy index funds now at such a high price before an impending recession?
Replies: 59
Views: 8274

Re: Should I still buy index funds now at such a high price before an impending recession?

Just a couple days ago someone PM'd me about something I posted many months ago. I too assumed she hadn't read my post at all. But she hadn't read it yet . You never know when the poster will read a response. But even if they don't, it's quite possible the information you impart might help someone ...
by Angst
Wed Jul 05, 2017 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Should I still buy index funds now at such a high price before an impending recession?
Replies: 59
Views: 8274

Re: Should I still buy index funds now at such a high price before an impending recession?

Hey everyone, I would like your advice on the following questions. I think a recession will occur in the near future. Should I still buy index funds now at such a high price before an impending recession? I have some stocks that are losing and some are gaining, but in the recession I expect it to d...
by Angst
Wed Jul 05, 2017 4:11 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value v. Growth Investor Characteristics
Replies: 25
Views: 1984

Re: Larry Swedroe: Value v. Growth Investor Characteristics

Why would growth investing be a sign of overconfidence any more than value investing is ? Both investors think they can do better than the overall market. Unless, of course, one associates value investing with lower volatility, which is not necessarily true. I think it's all in the semantics. If th...
by Angst
Thu Jun 29, 2017 11:58 am
Forum: Personal Consumer Issues
Topic: Where to View Total Eclipse? - Kansas City / Nashville et al
Replies: 98
Views: 6769

Re: Where to View Total Eclipse? - Kansas City

This is THE map you want to use - switch to "map" mode in upper right corner, and use the + button to zoom, don't dbl-click the map. Zoom in on Kansas City and pick your place, as close to the blue line as you can get. Can you get up to St. Joseph, MO? I'm just a 30 minute drive from totality. :) ht...
by Angst
Wed Jun 28, 2017 11:21 pm
Forum: Investing - Theory, News & General
Topic: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry
Replies: 142
Views: 10974

Re: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry

I apologize MindBogler - I assure you that everything I wrote in my post was done so with a smile, but perhaps with a somewhat poor choice of words. Random Walker (as well as many others here) is more capable of saying things with less clumsiness, and in proper measure: There's a difference between ...
by Angst
Wed Jun 28, 2017 8:12 pm
Forum: Investing - Theory, News & General
Topic: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry
Replies: 142
Views: 10974

Re: Yes, This Is Market Timing: If the CAPE Goes Above 30, Bring on the Larry

Do you think we should follow their advice today and go 0% stocks for the next ten years? Even though there is no way to prove or disprove their model? Changing your AA based on market conditions (valuations) is absolutely market-timing. It's the DEFINITION of market-timing. You are changing your A...
by Angst
Wed Jun 28, 2017 11:02 am
Forum: Investing - Theory, News & General
Topic: Taxes on I Series Bonds negate purchasing power protection?
Replies: 12
Views: 1810

Re: Taxes on I Series Bonds negate purchasing power protection?

Not one bit if you use them to pay for your child's education, or your own for that matter.
by Angst
Tue Jun 27, 2017 1:30 pm
Forum: Investing - Theory, News & General
Topic: Prime MMF is 25% Yankee/Foreign. What is that?
Replies: 14
Views: 2599

Re: Prime MMF is 25% Yankee/Foreign. What is that?

Looking through their holdings it appears to me that the Australian banks are paying the highest rates, consistently over 1%, many instruments around 1.4%, some over 1.5%. I think the highest I saw was about 1.7%, but I couldn't sort by coupon.
by Angst
Mon Jun 26, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: A TIPS is maturing in Fidelity. What to do?
Replies: 44
Views: 2831

Re: A TIPS is maturing in Fidelity. What to do?

Furthermore, individual investors have an advantage in being able to park money in CDs, including IRA CDs. And as Kevin has pointed out above, frequently CDs offer a clear advantage over TIPS. Yes, of course this has been fairly true at times, but it's also premised on a bet that nominal rates will...
by Angst
Mon Jun 26, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: A TIPS is maturing in Fidelity. What to do?
Replies: 44
Views: 2831

Re: A TIPS is maturing in Fidelity. What to do?

...in today's environment of low, but rising, interest rates... Victoria, people (including far too many Bogleheads) have been wringing their hands over an expected, imminent rise in interest rates for about 7 years now. Acting upon these kinds of crystal ball predictions is somewhat like market-ti...
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: 4737

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: 48
Views: 4961

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: 48
Views: 4961

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: 4121

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: 4121

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: 2939

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: 1114

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: 15367

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: 6319

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: 15367

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: 67
Views: 6188

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 even though it is still the same identical s...
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: 15367

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: 8552

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: 3171

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: 2892

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: 3171

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 question of ho...
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: 967

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: 3050

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 "educating" t...
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: 813

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: 8059

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: 4312

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: 4680

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 ...