Search found 1380 matches

by Angst
Mon Aug 29, 2016 11:53 pm
Forum: Investing - Theory, News & General
Topic: Fidelity competing harder w/Vanguard
Replies: 74
Views: 6891

Re: Fidelity competing harder w/Vanguard

Good for Fidelity, and good for the industry. But as far as my Vanguard VTI holdings go... this new ER is pretty much a yawn. I suggest one forget the minuscule difference in ER's and consider the bottom line, i.e. the funds' performance: http://i63.tinypic.com/250ufx3.png Fidelity's ER could be 0.0...
by Angst
Sat Aug 27, 2016 11:11 am
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 291
Views: 32105

Re: TIPS - Did you give up?

None of these numbers make a whole lot of sense to me. I don't belive that the difference between the "hold to term" total return of TIPS vs. nominal Treasuries can be ascertain beforehand to any degree of reliability. My philosophy is if you want a long term low risk LMP or have a high p...
by Angst
Thu Aug 25, 2016 8:47 am
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 291
Views: 32105

Re: TIPS - Did you give up?

How great is the risk of unexpected inflation today ? I believe for the most part we are not hitting the Feds target rates correct? It feels like there are many inflation watchers and Hawks that I am not sure the risk is the same as the 70s and early 80s. Over time a large allocation to TIPS could ...
by Angst
Thu Aug 25, 2016 8:18 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value Stewardship Risk in Taxable
Replies: 17
Views: 1386

Re: Small Cap Value Stewardship Risk in Taxable

[snip...] However, one risk that is tripping me up as my taxable accounts grow is stewardship risk. As an example, I now have small positions in VWO and VSS in taxable. I've wanted to direct new money into Powershares FTSE RAFI etf's, or perhaps the Schwab equivalents, but I can't quite bring mysel...
by Angst
Wed Aug 24, 2016 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: iShares iBond Ladder to Fund Income Shortfalls in Retirement
Replies: 7
Views: 612

Re: iBond Ladder to Fund Income Shortfalls in Retirement

Hey, welcome to the website! Listen, you need to go in and edit your first post. No one at the bogleheads website is going to think your thread is about anything but building a ladder full of "I Bonds", aka "US Govt Series I Savings Bonds"! - Change the Subject heading - eliminat...
by Angst
Wed Aug 24, 2016 10:08 am
Forum: Investing - Help with Personal Investments
Topic: TIPS ladder - Have experience?
Replies: 11
Views: 876

Re: TIPS ladder - Have experience?

My experience with TIPS represents the other side of the coin bearing Nisi's image. I've been using Vanguard's brokerage ever since they cut the minimum auction purchase from $10,000 to $1,000 w/ no fee charged. I will never have to deal with any of those tax details because I own them in my IRA. Th...
by Angst
Tue Aug 23, 2016 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: TIPs, I've read the posts, still confused
Replies: 20
Views: 1050

Re: TIPs, I've read the posts, still confused

No, I don't think there's a real consensus. But I can try and give you an idea about when I feel they are appropriate for my situation. +1 Holding just the Total Bond Market (TBM) fund is convenient for re-balancing purposes. From my personal standpoint , this (re-balancing) is one of the two thing...
by Angst
Tue Aug 23, 2016 1:42 pm
Forum: Investing - Theory, News & General
Topic: Long‑Maturity TIPS in Retirement Portfolios
Replies: 3
Views: 421

Re: Long‑Maturity TIPS in Retirement Portfolios

Long maturity TIPS do eliminate inflation risk but in a rising interest rate environment where bond yields may be increasing faster than inflation their principal value declines in proportion to their duration just like nominal bonds do. If you can live off the real yields generated by TIPS [snip.....
by Angst
Tue Aug 16, 2016 2:31 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgrading to Brokerage account comes with some nuisances
Replies: 67
Views: 7077

Re: Vanguard upgrading to Brokerage account comes with some nuisances

A couple observations having just executed my first transaction in my newly upgraded Roth IRA brokerage/mutual fund account: 1) When I go to the "Order Status" tab I see a new choice I'd never been given before when either exchanging between or outright purchasing shares in Vanguard mutual...
by Angst
Sat Aug 13, 2016 8:09 am
Forum: Investing - Theory, News & General
Topic: Charles Ellis on Wealthtrack.com tonight. Link provided.
Replies: 14
Views: 1642

Re: Charles Ellis on Wealthtrack.com tonight. Link provided.

Great stuff. Charlie Ellis is a good person.
by Angst
Wed Aug 03, 2016 11:53 am
Forum: Investing - Theory, News & General
Topic: What is the purpose of a Long/Short Equity Fund fund like AQR QLERX?
Replies: 49
Views: 2533

Re: What is the purpose of a Long/Short Equity Fund fund like AQR QLERX?

Like I said, a lot of alt funds benchmark against 3 month T-bills. It's a thing. Also a relatively easy target to beat... though many don't. What would a standardized index look like? How many other funds have comparable positions and strategies, all put together? I don't think a benchmark for a ca...
by Angst
Tue Aug 02, 2016 11:14 am
Forum: Investing - Theory, News & General
Topic: What is the purpose of a Long/Short Equity Fund fund like AQR QLERX?
Replies: 49
Views: 2533

Re: What is the purpose of a Long/Short Equity Fund fund like AQR QLERX?

[big snip]... Then why does VMNFX exist? My guess is that it is primarily for funds or other institutional investors, who can't really deposit a couple hundred million at their local credit union. For those investors that can't use savings accounts or CDs, VMNFX offers the potential of slightly hig...
by Angst
Tue Aug 02, 2016 10:27 am
Forum: Forum Issues and Administration
Topic: IP address change [Server may go "offline"]
Replies: 9
Views: 687

Re: IP address change

ditto!
by Angst
Mon Aug 01, 2016 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Yet another pension question...
Replies: 12
Views: 1050

Re: Yet another pension question...

If eg. your pension is simply based upon your average earnings over the last 5 years, rather than the 5 highest years (as midareff speculated about ), sometimes "the last 5 years" can actually be lower , 1 year from now: If, for example, you had one outlier, boon year, 5 years ago, that co...
by Angst
Wed Jul 27, 2016 10:48 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1796
Views: 429115

Re: What Book Are You Currently Reading? Part VI

Just finishing the duology I, Claudius and Claudius the God by Robert Graves. The first was quite good, the second a bit more meandering but I think I'm just tiring of the subject/voice after two reasonably sized books. I too read both of these a year or so ago and found them quite interesting. (I ...
by Angst
Wed Jul 27, 2016 10:33 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1796
Views: 429115

Re: What Book Are You Currently Reading? Part VI

Just finished "Classic Feynman". A collection of vignettes from a wonderful, amazing character. Nobel laureate, iconoclast, irrepressible questioner: Richard P. Feynman, an MIT/Princeton trained Los Alamos theoretical physicist, Cal Tech professor, Challenger space shuttle investigator, on...
by Angst
Wed Jul 27, 2016 9:40 pm
Forum: Investing - Theory, News & General
Topic: Revisiting Dr. Bernstein on REITs
Replies: 29
Views: 3301

Re: Revisiting Dr. Bernstein on REITs

Here's the original thread:
viewtopic.php?f=10&t=115965

I've sat tight over the last 3 years with my 6% allocation, split between US and Int'l REITs, rebalancing out mostly, a couple times fairly recently. Not a huge commitment here, admittedly. No complaints.
by Angst
Tue Jul 12, 2016 1:34 pm
Forum: Investing - Theory, News & General
Topic: Short Bond Index Funds - High Turnover.
Replies: 14
Views: 1106

Re: Short Bond Index Funds - High Turnover.

Wait a minute. Let's say that you take the 1-3 year fund. That's like a ladder-like fund with two rungs: a 3-year rung, and a 2-year rung. One year later, we end up with a 2-year rung and a 1-year rung. We sell the later and buy a new 3-year rung. Right there, we see a 50% yearly turnover. That's m...
by Angst
Thu Jul 07, 2016 7:56 am
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 10867

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

Pre-retirees are trying to look at your retirement future looking at statistics, reading theories... Will I have enough? Will I have too much? Graphs, tables, books, etc. When you are in well into retirement, today is the future. Today is my future. Future analysis "guesses" don't mean mu...
by Angst
Thu Jul 07, 2016 4:25 am
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 10867

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

Hi Sheepdog , I hope you (and everyone) have read through #Cruncher's post above . I assure you, I don't mean to presume anything about the real value of the ongoing increase you see in your portfolio - it may very well be easily outpacing the small inflation we've had recently - but be that as it m...
by Angst
Wed Jul 06, 2016 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets Small Cap Value
Replies: 27
Views: 3453

Re: Emerging Markets Small Cap Value

There is Schwab's Fundamental Emerging Mrkts Lrg. Co. Index ETF FNDE , ER .47. It's certainly not Mid or Small cap, but it does have a value tilt. From M*: V B G L 58 27 6 M 4 3 1 S 1 0 0 [Edit] Here are some previously mentioned EM ETF's, per M*: EMGF - iShares Edge MSCI Multifactor EM ETF ER .65 V...
by Angst
Mon Jul 04, 2016 5:24 pm
Forum: Investing - Theory, News & General
Topic: Deutsche Bank troubles
Replies: 10
Views: 1282

Re: Deutsche Bank troubles

I wouldn't give undue weight to a Zero Hedge article. They are a doom-and-gloom tabloid and Deutsche Bank is one of their favorite whipping boys. Must keep things in perspective... +1 Having just read the short article, I see no point in starting a thread based on it. I found nothing to recommend it.
by Angst
Mon Jul 04, 2016 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Why is everyone everywhere saying to buy gold?
Replies: 61
Views: 4962

Re: Why is everyone everywhere saying to buy gold?

http://www.bloomberg.com/news/articles/2015-03-27/here-are-the-countries-with-the-most-gold-reserves-and-the-ones-that-have-been-buying-it-the-most https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i8kksiZwxgEQ/v2/-1x-1.png That's interesting. I wonder why England/Great Britain is not a member of th...
by Angst
Mon Jul 04, 2016 12:41 pm
Forum: Investing - Theory, News & General
Topic: Your Questions for the Experts Panel Q&A @ Bogleheads Conference
Replies: 44
Views: 5581

Re: Your Questions for the Experts Panel Q&A @ Bogleheads Conference

For someone who's primary reasons for holding the fixed income portion of their asset allocation in Vanguard's Intermediate Term Govt Bond Index are: 1) protection from volatility in the equity mrkt and 2) limiting interest rate exposure, would not both of these goals be more efficiently managed (wh...
by Angst
Sat Jul 02, 2016 7:28 pm
Forum: Investing - Theory, News & General
Topic: Bond Diversification w/ Slice & Dice
Replies: 11
Views: 1275

Re: Bond Diversification w/ Slice & Dice

The two strategies I am aware of to slice and dice bonds are the barbell, which keeps long and short duration treasuries but not intermediate, and the junk/TIPS method. The first I investigated and it seemed beneficial. Apparently the high yield bonds and TIPS method comes from Rick Ferri but I hav...
by Angst
Sat Jul 02, 2016 7:09 pm
Forum: Investing - Theory, News & General
Topic: Classic Bernstein 12 — The Societal Risk Premium
Replies: 21
Views: 2087

Re: Classic Bernstein 12 — The Societal Risk Premium

Here is a CAPE Yield variation of the chart posted in the OP, extended from 1871 to 2016 (using annual numbers from mult.com). Basically the same pattern, going from 8% to 6%. https://lh3.googleusercontent.com/-Z50Lwnvwjt8/V3gwB7ZR1jI/AAAAAAAASSc/jb3EVgSiXRYAWqIlnE5pAEFeRhjGQP44ACCo/s800/CAPE%2BYie...
by Angst
Sat Jul 02, 2016 1:54 pm
Forum: Investing - Theory, News & General
Topic: Japan's stock market in 1989?
Replies: 6
Views: 917

Re: Japan's stock market in 1989?

We had a long-running series of posts last year by Forum member bpp , who examined this question in depth: Update through the end of 2014. We now have 25 years of data. Yearly portfolio values for 1 million yen invested at the end of 1989, in inflation-adjusted (using Japanese CPI) yen terms. No wi...
by Angst
Fri Jul 01, 2016 9:24 am
Forum: Investing - Theory, News & General
Topic: Classic Bernstein 12 — The Societal Risk Premium
Replies: 21
Views: 2087

Re: Classic Bernstein 12 — The Societal Risk Premium

over the past ninety years, the earnings yield (inverse of P/E ratio and a proxy for real expected return) of the U.S. stock market has generally trended downward — reflecting the higher stock prices of a more stable, secure society. In short, the societal risk premium in the U.S. has decreased sin...
by Angst
Thu Jun 30, 2016 10:57 am
Forum: Investing - Theory, News & General
Topic: Dr. Bernstein and the Buffet Premium
Replies: 18
Views: 1579

Re: Dr. Bernstein and the Buffet Premium

For all I know, as Buffet continues to age, premium might be evolving into discount, and once he has passed, a prospect of earnings reinvestment transitioning into dividends payments or share buybacks might cause BRK to rise. Who knows? I don't imagine it plummeting.
by Angst
Wed Jun 29, 2016 2:34 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 291
Views: 32105

Re: TIPS - Did you give up?

Doesn't it seem like yesterday, everyone was anticipating rampant inflation due to post-crash Fed/Treasury policies? Things sure have changed... And surely they will again! Anyhow, thank you #Cruncher for your post above explicating the "Breakeven inflation rate" and your nicely organized ...
by Angst
Mon Jun 27, 2016 5:09 pm
Forum: Investing - Theory, News & General
Topic: Developed Mkts/Emerging Mkts Relative Drops
Replies: 6
Views: 743

Re: Developed Mkts/Emerging Mkts Relative Drops

From our (US) perspective, another contributory factor is probably exchange rates. The British £ has dropped a lot relative to the US $. I'm unaware of what other currencies have been doing during the Brexit.
by Angst
Mon Jun 27, 2016 4:52 am
Forum: Investing - Theory, News & General
Topic: Return expectations for the next 10 years
Replies: 91
Views: 6170

Re: Return expectations for the next 10 years

3) Taxation higher across developed markets This is a fairly open-ended observation. "Federal" taxes? State? Property, sales, fees... Corporate vs Individual? There are lots of taxes that are at state, county and even more "local" levels, but that still doesn't preclude generali...
by Angst
Sun Jun 26, 2016 8:09 am
Forum: Investing - Theory, News & General
Topic: Plunge and Panic-Do You Get It Now?
Replies: 108
Views: 12542

Re: Plunge and Panic-Do You Get It Now?

My apologies, but with only having read the op's subject heading, I'm already transported back to maybe... 1968? when I arrived by bus, early in June at camp Miniwanca and was promptly rounded up with my cohort of 11 and 12 year-olds and instructed to jump into Crystal Lake and swim. And as I prepar...
by Angst
Sun Jun 26, 2016 7:44 am
Forum: Investing - Theory, News & General
Topic: What did you learn from the post-Brexit bloodbath?
Replies: 145
Views: 11721

Re: What did you learn from the post-Brexit bloodbath?

I didn't "learn" anything as much as I was simply reminded of what I learned long ago: Don't take polls too seriously. People seem to always think that "today", the techniques of polling have reached some state of the art such that they are generally very likely to be correct, bu...
by Angst
Sun Jun 26, 2016 6:56 am
Forum: Forum Issues and Administration
Topic: BH [Bogleheads.org forum] is back!
Replies: 51
Views: 5208

Re: BH is back!

I was off work all night and figured I'd be browsing quite a bit... not! How long have we been down?
by Angst
Thu Jun 23, 2016 1:49 pm
Forum: Investing - Theory, News & General
Topic: New AQR/Asness Paper on Factor Timing
Replies: 9
Views: 923

Re: New AQR/Asness Paper on Factor Timing

Asness seems to have presented some very specific, pointed criticisms of Arnott, et al. I'm not really qualified to comment much but I'd love to hear from someone who is; as Arnott might say, a "referee". But most of the posts above seem to skirt the content of both of their complaints. Is...
by Angst
Wed Jun 22, 2016 9:41 pm
Forum: Investing - Theory, News & General
Topic: New AQR/Asness Paper on Factor Timing
Replies: 9
Views: 923

Re: New AQR/Asness Paper on Factor Timing

Thank you matjen for the link. I do enjoy Asness' writing style and look forward to reading this latest "Philippic" on Rob Arnott sometime tomorrow. And in my book, anything that can be favorably compared to the likes of Robert T deserves my attention.
by Angst
Wed Jun 22, 2016 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Will there ever be a better time to sell off my international stake?
Replies: 35
Views: 3256

Re: Will there ever be a better time to sell off my international stake?

lgs88 wrote: :shock:

So you'd rather lose money on your investment than pay tax on your gains?!

+1

I guess if the Brexit passes on Thursday, that might present a nice opportunity for you to lock in some losses, if that's what you really want, but I don't understand your thinking.
by Angst
Wed Jun 22, 2016 11:56 am
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday, Mel! Boglehead #2.
Replies: 41
Views: 2973

Re: Happy Birthday, Mel! Boglehead #2.

Indeed, Happy Birthday, mid-cap Mel!!
There's nothing middling about all you have done for the forum,
Thank you! :happy
by Angst
Wed Jun 22, 2016 9:37 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: 6/22, 0.8% yield?
Replies: 18
Views: 2442

Re: 30 yr TIPs auction: 6/22, 0.8% yield?

It looks like it might creep up as far as 0.92%
We should know soon.
by Angst
Tue Jun 21, 2016 10:23 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 291
Views: 32105

Re: TIPS - Did you give up?

Bogleheads, Looking back at these many responses this was a very successful thread. Threads like this one make this forum the best financial website on the internet. Best. abuss, one thing I think that's even more reliable than the somewhat paltry returns provided through TIPS funds these days is t...
by Angst
Tue Jun 21, 2016 9:53 pm
Forum: Investing - Theory, News & General
Topic: NY Times Op-Ed: Pension Holders Need a New Retirement Plan, Not Stock Tips
Replies: 65
Views: 4799

Re: NY Times Op-Ed: Pension Holders Need a New Retirement Plan, Not Stock Tips

Full disclosure here: [snip...] Thank you dodecahedron for the perspective you provided regarding Alicia Munnell's own retirement planning mistakes in your above post . Given your observations, I suppose her errors should surprise me little more than our somewhat knee-jerk criticism over her failur...
by Angst
Tue Jun 21, 2016 9:33 pm
Forum: Investing - Theory, News & General
Topic: NY Times Op-Ed: Pension Holders Need a New Retirement Plan, Not Stock Tips
Replies: 65
Views: 4799

Re: NY Times Op-Ed: Pension Holders Need a New Retirement Plan, Not Stock Tips

Full disclosure here: [snip...] Thank you dodecahedron for the perspective you provided regarding Alicia Munnell's own retirement planning mistakes in your above post . Given your observations, I suppose her errors should surprise me little more than our somewhat knee-jerk criticism over her failur...
by Angst
Thu Jun 16, 2016 9:00 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: 6/22, 0.8% yield?
Replies: 18
Views: 2442

Re: 30 yr TIPs auction: 6/22, 0.8% yield?

I'm in too Grok. I have no crystal ball to assist me, so I'm just building the ladder with what the new issue market provides me over time. I can imagine that just 20 years out from now the EE bonds that I also purchased this year will in retrospect look like better investments, but who knows? I fee...
by Angst
Wed Jun 15, 2016 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Best way to keep $10,000 liquid yet still earn some interest
Replies: 23
Views: 4598

Re: Best way to keep $10,000 liquid yet still earn some interest

Ibonds. Inflation and deflation protection. Tax deferral and easy to set up. The returns on ibonds haven't been great. You are also restricted from selling for 1 year, and penalized if you sell before 5 years, IIRC. I wouldn't know, because I sold mine when the return went to zero. If the OP can to...
by Angst
Thu Jun 09, 2016 4:48 pm
Forum: Investing - Theory, News & General
Topic: 10 Year Treasury low yield
Replies: 45
Views: 4056

Re: 10 Year Treasury low yield

As others have already pointed out, on the shorter end, CD's may be the best bet. For those willing to go out to 20-yrs, it's still hard to beat series EE US Savings Bonds. Their 20-yr rate hasn't budged from 3.53%. Treasury's 20-yr yield curve today shows 2.05% https://www.treasury.gov/resource-cen...
by Angst
Wed Jun 08, 2016 9:47 pm
Forum: Investing - Theory, News & General
Topic: The Four Phases of Saving and Investing for Retirement by Michael Kitces
Replies: 6
Views: 1235

Re: The Four Phases of Saving and Investing for Retirement by Michael Kitces

NMJack wrote:My four phases:

Save
Save
Save
Quit working and spend only what you need to maintain your previous lifestyle

(Phase V, leave something behind for others)

Phase IV, that's the place to be...
(cue Zsa Zsa)
by Angst
Tue Jun 07, 2016 11:15 am
Forum: Personal Finance (Not Investing)
Topic: "Don't make this gigantic Social Security mistake"
Replies: 69
Views: 9183

Re: "Don't make this gigantic Social Security mistake"

My 81 year old mother lives off my deceased father's SS/pension of about $1000 per month. She didn't really work outside of the home other than odd part-time jobs in her 60's. Otherwise her only asset is the house. Her last remaining sister was still working part-time in a factory into her 70's to ...
by Angst
Sun Jun 05, 2016 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Joe Davis of Vanguard says bonds have never been more valuable
Replies: 12
Views: 3756

Re: Joe Davis of Vanguard says bonds have never been more valuable

Larry Swedroe talks about safe bonds being the best diversifiers to stocks. My best guess is that as you amp up the risk in your bonds that the correlation of those bonds with stocks would increase. I would further define amping up risk as increasing the average maturity of the bonds and/or decreas...
by Angst
Sat Jun 04, 2016 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Getting retirement on track
Replies: 14
Views: 1828

Re: Getting retirement on track

You mention nothing as to the relative amount of funds available to the 401k vs the Roth IRA, so there's really no way to answer your question. Neither do you say anything about any preference for factor tilts (small cap, value), so I assume you do not want to tilt at all. I've been researching and ...

Go to advanced search