Search found 404 matches

by Archie Sinclair
Mon Apr 04, 2016 11:00 pm
Forum: Investing - Theory, News & General
Topic: Why own (non-index) mutual funds at all?
Replies: 43
Views: 3997

Re: Why own (non-index) mutual funds at all?

I often wonder why Vanguard even offers managed funds in the first place, since they seem antithetical to Bogle's own investment philosophy. (There is, of course, the whole "making more money" aspect to them :D ) Vanguard is owned by the investors in its mutual funds and operates at cost ...
by Archie Sinclair
Mon Apr 04, 2016 8:09 pm
Forum: Investing - Theory, News & General
Topic: Why own (non-index) mutual funds at all?
Replies: 43
Views: 3997

Re: Why own (non-index) mutual funds at all?

I often wonder why Vanguard even offers managed funds in the first place, since they seem antithetical to Bogle's own investment philosophy. (There is, of course, the whole "making more money" aspect to them :D ) Vanguard is owned by the investors in its mutual funds and operates at cost ...
by Archie Sinclair
Sun Mar 27, 2016 10:06 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's
Replies: 154
Views: 21209

Re: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's

After thinking more about it, I propose "Two Step Roth Contribution" as the name. No doors. No indirection. Just two steps to the final destination. As explained earlier in this thread, the name of the legal doctrine that might make it illegal is the "step transaction doctrine,"...
by Archie Sinclair
Sat Mar 19, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of Vanguard
Replies: 11
Views: 1898

Re: Bank of Vanguard

I am confused as to why Vanguard would be concerned about the government view that it is too big to fail. I can see that banks that get FDIC customer accounts insured and then invest money at high risk could go bankrupt and fail to fully pay their customers and the FDIC and taxpayers would be on th...
by Archie Sinclair
Mon Feb 01, 2016 9:33 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig's WSJ article about the best stock in the last 30 years
Replies: 9
Views: 2087

Re: Jason Zweig's WSJ article about the best stock in the last 30 years

Re Bernstein's superstocks... I hadn't thought about this, and maybe I need to think about it some more... but because the annual return of a portfolio is the (weighted) arithmetic mean of the returns of its components, it seems as the big winners matter more than the big losers. That's why the fac...
by Archie Sinclair
Mon Jan 18, 2016 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Help re: job offer British embassy
Replies: 12
Views: 1534

Re: Help re: job offer British embassy

Posting this information on a public website doesn't seem wise.
by Archie Sinclair
Fri Nov 06, 2015 10:04 pm
Forum: Investing - Theory, News & General
Topic: Genius of Vanguard's business model
Replies: 27
Views: 3524

Re: Genius of Vanguard's business model

Jack Bogle is worth a lowish multiple of $1M. Ned Johnson of Fidelity is a billionaire bases largely on active mutual funds. Now explain to me how Bogle had the better business model. Great for us, yes. But not as a business model per se. Fidelity is owned by the Johnson family. But Vanguard was ne...
by Archie Sinclair
Sat Oct 31, 2015 1:41 pm
Forum: Investing - Theory, News & General
Topic: VWITX cash flows in 2008 [Vanguard Interm. Term Tax-Exempt Fund]
Replies: 44
Views: 4032

Re: VWITX cash flows in 2008 [Vanguard Interm. Term Tax-Exempt Fund]

And the NAV has NOTHING to do with it and there is only one thing they can do to protect shareholders, though almost never happens... cut ... If you don't get that nothing more I can say to explain it. Perhaps someone else can do a better job. Indeed, I really absolutely don't get it. Larry, I real...
by Archie Sinclair
Thu Oct 22, 2015 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Tesla Motors Stock
Replies: 260
Views: 35786

Re: Tesla Motors Stock

Energy density at an acceptable price.... Really the only thing that matters. Everything else is just packaging. Which is why uranium is the preferred power source for cars. You mean dilithium? :) This is a common and understandable misconception. The power source of the warp drive is actually deut...
by Archie Sinclair
Sat Oct 17, 2015 1:20 pm
Forum: Investing - Theory, News & General
Topic: Is it risky to keep entire nest egg at a single brokerage?
Replies: 20
Views: 3140

Re: Is it risky to keep entire nest egg at a single brokerage?

Shald wrote:I understand that the government (SIPC) will reimburse you up to $500,000 per account type per firm if your brokerage company goes down, but the process could be long and stressful.

SIPC is not a government agency.
by Archie Sinclair
Wed Oct 14, 2015 7:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's new structure and direct ownership
Replies: 12
Views: 2181

Re: Vanguard's new structure and direct ownership

So right now, in Vanguard mutual funds, I am a direct owner of Vanguard, since the shareholders actually own the funds. There are no private interests or third parties. Now, when I put that fund in Vanguard Brokerage Services, I guess VBS owns it. So the only way to directly own my funds (like I do...
by Archie Sinclair
Sat Oct 10, 2015 7:24 pm
Forum: Investing - Theory, News & General
Topic: Bill Gross sues Pimco
Replies: 46
Views: 5437

Re: Bill Gross sues Pimco

I'd really like to hear more from the lawyers about "Defendants Does 1 through 100, inclusive, are sued herein under fictitious names. Their true names and capacities are unknown to Plaintiff. When their true names and capacities are ascertained, Plaintiff will amend this complaint by insertin...
by Archie Sinclair
Sun Sep 27, 2015 11:50 pm
Forum: Personal Consumer Issues
Topic: Nisiprius Investments Launches Yet Another Innovative Fund
Replies: 64
Views: 10072

Re: Nisiprius Investments Launches Yet Another Innovative Fund

EddyB wrote:Is there an institutionalized investor class?

I too would welcome a share class that is marketed exclusively to investors who reside in mental institutions.
by Archie Sinclair
Sun Sep 27, 2015 10:23 pm
Forum: Investing - Theory, News & General
Topic: Who Believes in International Bonds and Why
Replies: 44
Views: 3316

Re: Who Believes in International Bonds and Why

SpideyIndexer wrote:If you are a naysayer, you are already well represented in several threads already.

It seems like there are a number of naysayers who just couldn't control themselves. :D

I'm personally a naysayer, but I'd be curious to hear more from the supporters of international bonds.
by Archie Sinclair
Mon Jul 06, 2015 6:21 pm
Forum: Investing - Theory, News & General
Topic: VTIAX price drop discrepency
Replies: 20
Views: 1900

Re: VTIAX anomaly on Vanguard's website

The Investor class is down 1.60%, while the Admiral class is down $1.58. One possibility is that someone at Vanguard got confused between the % and the $.
by Archie Sinclair
Wed Jul 01, 2015 9:03 pm
Forum: Investing - Theory, News & General
Topic: The Fund Name is Not Enough
Replies: 24
Views: 2788

Re: The Fund Name is Not Enough

If you're dealing with a company that can't produce an adequate Summary Prospectus, that provides very valuable information in itself about the company. Yep And what would that information be? Producing it would be an extra layer of costs. I can see why marketing would want it, but that is about it...
by Archie Sinclair
Wed Jul 01, 2015 7:58 pm
Forum: Investing - Theory, News & General
Topic: The Fund Name is Not Enough
Replies: 24
Views: 2788

Re: The Fund Name is Not Enough

It doesn't take long to read a prospectus. I guess a lot of people don't bother. blink. blink. What prospectus are you reading? Most prospectus that I read and long, dense, and are written by lawyers to conform to SEC regulations and prevent lawsuits - not to inform the average investor. I have see...
by Archie Sinclair
Tue Jun 30, 2015 7:03 pm
Forum: Investing - Theory, News & General
Topic: Being Mr. Bogle's Company has 3 Trillion Dollars
Replies: 15
Views: 2460

Re: Being Mr. Bogle's Company has 3 Trillion Dollars

Although I have tremendous admiration for Mr. Bogle, I don't think this is completely accurate. Mr. Bogle didn't have a completely free hand in Vanguard's structure. Mr. Bogle was fired from Wellington Management Company by his business partners, who controlled a majority on its board of directors....
by Archie Sinclair
Mon Jun 29, 2015 6:54 pm
Forum: Investing - Theory, News & General
Topic: Being Mr. Bogle's Company has 3 Trillion Dollars
Replies: 15
Views: 2460

Re: Being Mr. Bogle's Company has 3 Trillion Dollars

Although I have tremendous admiration for Mr. Bogle, I don't think this is completely accurate. Mr. Bogle didn't have a completely free hand in Vanguard's structure. Mr. Bogle was fired from Wellington Management Company by his business partners, who controlled a majority on its board of directors. ...
by Archie Sinclair
Mon Jun 15, 2015 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Unwise to keep funds at one bank?
Replies: 32
Views: 4426

Re: Unwise to keep funds at one bank?

I was told, but did not verify, that the FDIC insurance has 99 years (fine print) to make good on the money. If that is the case, you may want to have diversity. It just ain't so. 5 Common Misconceptions About FDIC Insurance ... and the Real Facts .... MISCONCEPTION 5: The FDIC can take up to 99 ye...
by Archie Sinclair
Fri Jun 12, 2015 9:30 pm
Forum: Investing - Theory, News & General
Topic: VT the most diversified equity ETF?
Replies: 12
Views: 3165

Re: VT the most diversified equity ETF?

Also, the overhead of rebalancing between VTI + VXUS yourself to follow world market cap weighting could be significant over a period of decades. If you want to hold the market cap weighting, VTI and VXUS will actually automatically adjust, just because of math. For example, if the market cap of US...
by Archie Sinclair
Sat Jun 06, 2015 4:46 pm
Forum: Investing - Theory, News & General
Topic: FDIC CD rate caps?
Replies: 9
Views: 1684

Re: FDIC CD rate caps?

I'm not making anything complicated, I simply asked a question about FDIC caps, which I had never come across before. I found the answer on how the cap is defined and the extent of applicability. You both read things into my question that weren't there, about some complicated scheme I was going to ...
by Archie Sinclair
Wed May 27, 2015 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Dollar ETF
Replies: 6
Views: 468

Re: Investing in Dollar ETF

Hi everyone, I have been on this forum for a long time but this is my first time posting. I am thinking about putting some money in a dollar ETF (Most likely WisdomTree Dollar Bullish Fund) because I think the dollar will keep on rising and the WisdomTree ETF is commission free for me. What do the ...
by Archie Sinclair
Wed May 27, 2015 7:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard looking to license its ETF patent
Replies: 11
Views: 2134

Re: Vanguard looking to license its ETF patent

Recent court cases have cast doubt on the validity of many "business-method" patents: http://www.abajournal.com/magazine/article/business_method_and_software_patents_may_go_through_the_looking_glass_after . The key principle in these cases is that only inventions, not "abstract ideas,...
by Archie Sinclair
Tue May 26, 2015 9:06 pm
Forum: Personal Consumer Issues
Topic: 5000 btu open window air conditioner
Replies: 13
Views: 2282

Re: 5000 btu open window air conditioner

I recommend the Commando 8. Why settle for 5,000 BTUs when you can have 12,000 BTUs? :)

https://www.youtube.com/watch?v=LJLvqdum6-E
by Archie Sinclair
Tue May 26, 2015 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: American Express sneakery
Replies: 37
Views: 5901

Re: American Express sneakery

I don't understand your point. According to your screenshot, your billing cycle doesn't end until May 28. That is why you have no payment due. How can they calculate your minimum payment until your billing cycle ends? Maybe you will charge a Rolex on May 27. Yeah, I don't get it either. Showing zer...
by Archie Sinclair
Mon May 25, 2015 3:22 pm
Forum: Personal Consumer Issues
Topic: Essential Security Computer Programs
Replies: 12
Views: 1733

Re: Essential Security Computer Programs

Separate from my antivirus, I use the free version of a program called Secunia Personal Software Inspector. Secunia PSI regularly checks to see whether there are updates available for the programs on my computer. While some programs have their own update mechanisms, others do not, so this helps to e...
by Archie Sinclair
Sun May 24, 2015 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Taking out a TSP loan to fund Roth IRA
Replies: 14
Views: 1744

Re: Taking out a TSP loan to fund Roth IRA

Instead of a Roth IRA, why not make a Roth TSP contribution?
by Archie Sinclair
Sat May 23, 2015 12:30 pm
Forum: Investing - Theory, News & General
Topic: Why government bonds at all?
Replies: 55
Views: 4998

Re: Why government bonds at all?

These are financial obligations of the United States . The government is an intermediary between you and the American people. The bonds are backed not only by the government, but (through the government's taxing authority) by the entire national economy. The national economy obviously includes the k...
by Archie Sinclair
Thu May 21, 2015 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: OTC market mystery
Replies: 3
Views: 423

Re: OTC market mystery

I was curious, so I looked at the history of the price of CLLY. http://www.morningstar.com/stocks/PINX/CLLY/quote.html

It looks like it only trades once every few days, usually for about $4. $9.40 was unusual, and there's no guarantee that you would receive that.
by Archie Sinclair
Thu May 21, 2015 4:42 pm
Forum: Investing - Theory, News & General
Topic: Missing Bonds data in Balances & Holdings
Replies: 8
Views: 855

Re: Missing Bonds data in Balances & Holdings

I don't hold any bonds at Vanguard. But I do sometimes use the Fixed Income Trading page to find out the prices of bonds. If you want up-to-date information, you could try that (unless it has also been affected).
by Archie Sinclair
Thu May 21, 2015 4:36 pm
Forum: Investing - Theory, News & General
Topic: The BIG problem with the S&P 500 index?
Replies: 37
Views: 6983

Re: The BIG problem with the S&P 500 index?

... I don't see why I need to put up with its eccentricities, when there are better options that are easily available. What you do is of course your business. There's no reason anyone has to invest in anything they don't want to, but if you're going to say some other choice is "better" yo...
by Archie Sinclair
Tue May 19, 2015 10:42 pm
Forum: Investing - Theory, News & General
Topic: The BIG problem with the S&P 500 index?
Replies: 37
Views: 6983

Re: The BIG problem with the S&P 500 index?

This is a ridiculous example.... I'm sensing some hostility here. I was just trying to respond to the earlier argument that the S&P 500 is a statistically good sample because it has 500 data points, by providing another example from statistics to think about. If you are a member of the Poors fa...
by Archie Sinclair
Tue May 19, 2015 10:06 pm
Forum: Investing - Theory, News & General
Topic: Money Market Expense Ratios
Replies: 8
Views: 973

Re: Money Market Expense Ratios

Does anyone have any experience with Treasury direct? Yes, and from this experience I want to keep the interactions to a minimum. Exhibit A: Error processing your request. Please submit requests only once and use the buttons and links we've provided on each page. Double clicking on a button or usin...
by Archie Sinclair
Tue May 19, 2015 7:48 pm
Forum: Investing - Theory, News & General
Topic: The BIG problem with the S&P 500 index?
Replies: 37
Views: 6983

Re: The BIG problem with the S&P 500 index?

There are "problems" with the S&P 500 Index but they are so minor that they don't affect an investor in the real world. The index represents about 75% of the market capitalization of the US Total Stock Market and is a sample of 500 against maybe 3,300 investable stocks in the US Stock...
by Archie Sinclair
Tue May 19, 2015 7:25 pm
Forum: Investing - Theory, News & General
Topic: Silver lining for bond fund NAV declines?
Replies: 33
Views: 3502

Re: Silver lining for bond fund NAV declines?

Perhaps I should have been clearer that I'm less concerned with what happens when rates rise than I am with what's happening now: rates still very low but bond NAVs declining. A decline in NAV is essentially the same thing as a rise in yield. Here is an example: If I buy a bond for $100 that pays $...
by Archie Sinclair
Thu May 14, 2015 9:24 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard's Web Site So Bad?
Replies: 64
Views: 6798

Re: Why is Vanguard's Web Site So Bad?

Maybe that lack of usefulness is why they don't get much attention -- perhaps VG does just the minimum to meet regulations. I think that they are, in fact, just trying to comply with their legal obligation to notify you of revisions to the prospectus. For better or worse, they probably consider it ...
by Archie Sinclair
Thu May 14, 2015 7:26 pm
Forum: Investing - Theory, News & General
Topic: Why is the nasdaq higher than the S&P500 index?
Replies: 8
Views: 1238

Re: Why is the nasdaq higher than the S&P500 index?

Why is a mile longer than a kilometer?
by Archie Sinclair
Wed May 13, 2015 6:53 pm
Forum: Investing - Theory, News & General
Topic: The BIG problem with the S&P 500 index?
Replies: 37
Views: 6983

Re: The BIG problem with the S&P 500 index?

It's not a big deal in the grand scheme of things. But it's frustrating that all major indicators of "The Market" that are quoted in the media--the Dow, the NASDAQ, the NYSE, and the S&P 500--all have arbitrary and irrational characteristics. The S&P 500 is just the least flawed. M...
by Archie Sinclair
Mon May 11, 2015 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: When does Vanguard take their cut?
Replies: 7
Views: 1477

Re: When does Vanguard take their cut?

I wouldn't describe it as "their cut." Vanguard is ultimately owned by its investors and so it only pays expenses, it doesn't take profits. It has to pay these expenses on a daily basis.
by Archie Sinclair
Sun May 10, 2015 12:26 am
Forum: Personal Consumer Issues
Topic: Brand Loyalty
Replies: 60
Views: 5315

Re: Brand Loyalty

Impressive. Not only an expert in brand loyalty - but you know other forum members minds better than they do. Nonsense in one case. And, you understand another mind better than they do and deem their opinion "untrue"? Do you not feel you are crossing a line here? My mistake - I should hav...
by Archie Sinclair
Sat May 09, 2015 11:43 pm
Forum: Investing - Theory, News & General
Topic: Ang's Book Helped Me Understand Beta Better
Replies: 13
Views: 1342

Re: Ang's Book Helped Me Understand Beta Better

Economics is not a science and there should be no Noble prize in it, especially since there is not one in Math. While EMH and CAPM etc are all nice economic models there are many anomalies and other inefficiencies in real life. Some would say that there is no Nobel Prize in Economics. The Economics...
by Archie Sinclair
Thu May 07, 2015 7:52 pm
Forum: Investing - Theory, News & General
Topic: Fed Chair Yellen Warns on Stock Valuations
Replies: 22
Views: 4414

Re: Fed Chair Yellen Warns on Stock Valuations

I just watched "Mad Money" Cramer's take on it: http://finance.yahoo.com/video/cramer-thanks-nothing-janet-yellen-220000039.html As typical, just more noise, but I did like one comment/question he made: Is the Fed going to tell you when stocks are cheap? Janet won't tell you...but this gu...
by Archie Sinclair
Thu May 07, 2015 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Diversifying beyond Vanguard Target Date Fund
Replies: 45
Views: 5541

Re: Diversifying beyond Vanguard Target Date Fund

netrammgc wrote:Well, in my mid 30s, I'm getting an itch to do something.

Why not buy a motorcycle or try rock climbing or something?
by Archie Sinclair
Thu May 07, 2015 7:04 pm
Forum: Investing - Theory, News & General
Topic: McNabb op ed - possible 8% cash requirement
Replies: 33
Views: 3737

Re: McNabb op ed - possible 8% cash requirement

The Financial Stability Board is a private association organized under the laws of Switzerland . It serves as an unofficial forum of financial regulators. It's influential, but it is a private body and it has no formal authority to regulate anyone. Designations of SIFIs in the United States are made...
by Archie Sinclair
Thu May 07, 2015 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Credit union question
Replies: 16
Views: 2039

Re: Credit union question

Credit unions come in two types: "Federal Credit Unions" and state-chartered credit unions. All federal credit unions and most state-chartered credit unions are insured and supervised by the National Credit Union Administration ("NCUA"). However, some state-chartered credit union...
by Archie Sinclair
Thu May 07, 2015 6:03 pm
Forum: Investing - Theory, News & General
Topic: McNabb op ed - possible 8% cash requirement
Replies: 33
Views: 3737

Re: McNabb op ed - possible 8% cash requirement

PS - is this a legit topic? Note that discussions of proposed laws or regulations are prohibited.... Proposed regulations that are directly related to investing may be discussed if and when they are published for public comments. I don't know. For the reference of the moderators, Mr. McNabb is disc...
by Archie Sinclair
Thu May 07, 2015 5:43 pm
Forum: Investing - Theory, News & General
Topic: McNabb op ed - possible 8% cash requirement
Replies: 33
Views: 3737

Re: McNabb op ed - possible 8% cash requirement

Y'all are thinking of this the wrong way, because (frankly) the distinguished head of our mutual fund company has stooped to scare-mongering. By statute, designation of a nonbank as a systemically-important financial institution (SIFI) is on a company-by-company basis. It's a highly individualized p...
by Archie Sinclair
Wed May 06, 2015 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: I only use a chrome browser do I need Microsoft Security Essentials?
Replies: 5
Views: 1113

Re: I only use a chrome browser do I need Microsoft Security Essentials?

I'm not an expert on this stuff, but I think this is equivalent to: "I only use a blue door. Do I need a lock?"
by Archie Sinclair
Tue May 05, 2015 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Notary for 401k rollover?
Replies: 15
Views: 1991

Re: Notary for 401k rollover?

Advice that I often see on this site is that you want to work as much as possible with the firm that is receiving your assets, not the firm that you are leaving. The firm that you are leaving has no incentive to help you (and might be kind of sleazy anyway, otherwise you probably wouldn't be moving) .

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