Search found 2043 matches

by Barry Barnitz
Wed Apr 27, 2016 4:48 pm
Forum: Investing - Theory, News & General
Topic: Wiki: Walter L. Morgan
Replies: 1
Views: 272

Wiki: Walter L. Morgan

Hi: As many of you know, Walter L. Morgan founded the first open-end balanced mutual fund in the United States, and was the founder of Wellington Management Company. In 1951 he hired a recent Princeton graduate, John Bogle, to Wellington and in 1965 handed over the management of the company to him. ...
by Barry Barnitz
Tue Apr 19, 2016 11:44 am
Forum: Investing - Theory, News & General
Topic: Fund groups fed up with last-look currency traders
Replies: 1
Views: 287

Fund groups fed up with last-look currency traders

Hi: In the news: Vanguard fed up with last-look practice , April 19 , 2016, Bloomberg 'Last look,” the bygone-era practice that allows dealers in the $5.3 trillion-a-day currency market to back out of losing trades, is on its last legs, according to the world’s largest mutual fund company. Vanguard ...
by Barry Barnitz
Mon Apr 11, 2016 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: When will Vanguard publish holdings, duration, and yield of Core Bond Fund?
Replies: 5
Views: 522

Re: When will Vanguard publish holdings, duration, and yield of Core Bond Fund?

Hi Nisi: For future reference, here is the page for accessing and perusing EDGAR: Vanguard SEC listings - Bogleheads . Quarterly reports are known as N-Q reports in EDGAR parlance. If the new fund is included in the Fixed Income Securities trust, clicking the N-Q report link from the report box brin...
by Barry Barnitz
Fri Apr 08, 2016 11:43 am
Forum: Forum Issues and Administration
Topic: Origin of Bogleheads?
Replies: 1
Views: 399

Re: Origin of Bogleheads?

Hi;

See ---> The Bogleheads® - Bogleheads

regards,
by Barry Barnitz
Fri Feb 12, 2016 2:34 pm
Forum: Investing - Theory, News & General
Topic: iShares bond funds changing index
Replies: 5
Views: 518

Re: iShares bond funds changing index

Hi: Here is the methodology statement for the Intercontinental Exchange (ICE) indexes: ICE U.S. Treasury Bond Index Series Methodology . The ICE U.S. Treasury Index Series was developed as a broad representation of the U.S. Treasury market and includes a number of maturity sub-Indices ranging from o...
by Barry Barnitz
Wed Feb 10, 2016 6:24 pm
Forum: Investing - Theory, News & General
Topic: Excellent Article Explaining Ridiculous Vanguard Lawsuit
Replies: 5
Views: 863

Re: Excellent Article Explaining Ridiculous Vanguard Lawsuit

Hi: Here is an additional recent media blog post examining the suit---> Billions and basis points: Vanguard vs. IRS? If the IRS agrees with David Danon, the former Vanguard Group tax lawyer who says the company sets aside billions in a "contingency reserve" that ought to be taxed (or credi...
by Barry Barnitz
Thu Feb 04, 2016 2:30 pm
Forum: Investing - Theory, News & General
Topic: SEC proposed regulations can affect index funds
Replies: 21
Views: 1274

Re: "Mutual Funds Are Risky"

> "Regulators (SEC) are demanding that funds report which of their assets can be sold quickly without materially affecting their price." I can't see the objection to requiring this sort of disclosure. The proposed rules (415 pages) have many potential consequences, affecting large funds, ...
by Barry Barnitz
Sat Jan 30, 2016 1:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Target Retirement Fund ER drop
Replies: 5
Views: 958

Re: Vanguard Target Retirement Fund ER drop

ER reductions are always nice, but one of my little annoyances is that (for example) a TR2050 built with the underlying 4 Admiral funds is going to have a weighted ER of about 0.09%. Basically, Vanguard is charging us 0.07% for the simplicity of a TR2050 (I have a hard time believing there's much i...
by Barry Barnitz
Fri Jan 29, 2016 4:06 am
Forum: Investing - Theory, News & General
Topic: "Vanguard Reports Lower Expense Ratios"
Replies: 11
Views: 1080

Re: Lower expense ratios posted

Hi:

The fund of funds do not invest in the Vanguard Total Bond Market Index Fund, they use the Vanguard - Product overview - Tot Bond Mkt II Indx Inv Fund, which according to the latest report (semi-annual) has an 0.09% expense ratio for investor shares.

regards,
by Barry Barnitz
Thu Jan 28, 2016 8:00 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Reports Lower Expense Ratios"
Replies: 11
Views: 1080

Re: Lower expense ratios posted

I don't understand why the Target Retirement fund expenses declined. None of the underlying funds changed expenses, and the Lifestrategy funds, with the same holdings, did not change expenses. Hi David: I have not checked to see if this surmise is factual, but keep in mind that TRF's may have shift...
by Barry Barnitz
Thu Jan 21, 2016 3:25 pm
Forum: Investing - Theory, News & General
Topic: The Risks of Historical Backtests
Replies: 2
Views: 492

Re: The Risks of Historical Backtests

Hi: Here are two recent Campbell Harvey et al papers: Baz, Jamil and Granger, Nicolas M. and Harvey, Campbell R. and Le Roux, Nicolas and Rattray, Sandy, Dissecting Investment Strategies in the Cross Section and Time Series (December 4, 2015). Available at SSRN: http://ssrn.com/abstract=2695101 or h...
by Barry Barnitz
Tue Jan 19, 2016 4:38 pm
Forum: Investing - Theory, News & General
Topic: "Do You Need to Diversify by Fund Company?"
Replies: 51
Views: 3937

Re: "Do You Need to Diversify by Fund Company?"

Hi:
Background available in the wiki, please see The 2008 money market crisis - Bogleheads

regards,
by Barry Barnitz
Tue Jan 19, 2016 1:45 pm
Forum: Investing - Theory, News & General
Topic: Vanguard advisory changes: Explorer and Morgan Growth
Replies: 0
Views: 305

Vanguard advisory changes: Explorer and Morgan Growth

Hi: News release: Advisory changes for two Vanguard active equity funds Vanguard today announced two investment advisor changes affecting the $11.7 billion Vanguard Morgan™ Growth Fund (VMRGX) and the $11 billion Vanguard Explorer™ Fund (VEXPX). The changes are effective immediately. Kalmar Investme...
by Barry Barnitz
Mon Jan 18, 2016 3:09 am
Forum: Investing - Theory, News & General
Topic: Mount Rushmore of Investing
Replies: 31
Views: 3801

Re: Mount Rushmore of Investing

The practitioner's Rushmore quartet (in historical order, name, innovation, instrument) Abraham van Ketwich: the negotiatie, Eendragt Maakt Magt and Concordia Res Parvae Crescunt Robert Fleming: the unit investment trust, First Scottish American Investment Trust John Bogle: the index fund, First Ind...
by Barry Barnitz
Thu Jan 14, 2016 6:20 am
Forum: Local Chapters and Bogleheads Community
Topic: Suggestions for the Wiki
Replies: 341
Views: 164996

Re: Suggestions for the Wiki

archbish99 wrote:https://www.bogleheads.org/wiki/Purchase_fee lists four funds as charging a purchase fee, but Vanguard lists five. The wiki is missing Tax-Exempt Bond Index Admiral Shares (VTEAX).


Thanks!--->Purchase fee - Bogleheads
by Barry Barnitz
Sat Jan 09, 2016 3:41 pm
Forum: Investing - Theory, News & General
Topic: why do investors prefer cash dividends
Replies: 372
Views: 29212

Re: why do investors prefer cash dividends

Arnott, Robert D. and Asness, Clifford S., Does Dividend Policy Foretell Earnings Growth? (December 2001). Available at SSRN: http://ssrn.com/abstract=295974 or http://dx.doi.org/10.2139/ssrn.295974 Abstract: Many market observers point to the very high fraction of earnings retained (or low dividend...
by Barry Barnitz
Mon Dec 28, 2015 3:56 am
Forum: Investing - Theory, News & General
Topic: A little about Larry S
Replies: 51
Views: 7332

Re: A little about Larry S

Pistachio Unfortunately I cannot figure out how to insert a picture. But here's the amazing story behind it. I'm sitting on my mother's shoulders as a 2 year old at the grand opening of the Alexander's store on the Grand Concourse and Fordham Road in the Bronx. Here's what's amazing about this. My ...
by Barry Barnitz
Wed Dec 23, 2015 6:20 pm
Forum: Local Chapters and Bogleheads Community
Topic: Suggestions for the Wiki
Replies: 341
Views: 164996

Re: Suggestions for the Wiki

Since I'm not allowed to use the private message function of the forum yet (just joined), I'll post here. The link for "How Much Can I Contribute?" in https://www.bogleheads.org/wiki/Thrift_Savings_Plan#Matching leads to a 404 error page, it should be updated to https://www.tsp.gov/Planni...
by Barry Barnitz
Sun Dec 06, 2015 12:22 am
Forum: Investing - Theory, News & General
Topic: Bogleheads Hall of Fame
Replies: 35
Views: 3842

Re: Bogleheads Hall of Fame

Article on the Bogleheads' leaders. JD Roth is mentioned in this article, but I wonder if they actually meant Allan Roth? Paul Hi: Let us not be so insular. JD Roth, when he was blogging, was one of the best financial bloggers. Will you kick him out of pantheon because you detest this? regards,
by Barry Barnitz
Fri Dec 04, 2015 12:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 777
Views: 116903

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

My earlier question: Does anyone on the site know if this issue has been addressed by Vanguard, any Vanguard alumni or Morningstar? Once a settlement is made, regardless of the dollar amount involved, I believe the situation changes dramatically. [Previously, I'd been ignoring this litigation.] I h...
by Barry Barnitz
Thu Dec 03, 2015 5:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 777
Views: 116903

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

Hi: News article and blog commentary regarding California tax probe against Vanguard: Calif. agency reviews allegations against Vanguard Joseph N. DiStefano Posted: Wednesday, December 2, 2015, 1:08 AM The criminal investigations arm of a California tax agency has been reviewing allegations that the...
by Barry Barnitz
Fri Nov 20, 2015 5:26 pm
Forum: Investing - Theory, News & General
Topic: Equal weight international and domestic equities?
Replies: 12
Views: 1054

Re: Equal weight international and domestic equities?

Hi: For a sampling of academic examinations of such "naive" portfolio allocations, termed the "1/N heuristic" by the academics, see this blog entry from our site's "unofficial" blog: Naive Asset Allocation strategy (1/N) | Financial Page Individual investors rarely empl...
by Barry Barnitz
Thu Nov 19, 2015 6:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 777
Views: 116903

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

Hi: In a somewhat related "issue", reporter Joseph N. DiStefano raises questions regarding the valuation of The Vanguard Group, in his blog posting: Vanguard investments top $3.4 trillion; What's the company worth? , Joseph N. DiStefano Posted: Friday, November 13, 2015, 12:50 PM ...Vangua...
by Barry Barnitz
Fri Nov 13, 2015 12:39 pm
Forum: Investing - Theory, News & General
Topic: Recent mutual fund papers from SSRN
Replies: 1
Views: 416

Recent mutual fund papers from SSRN

Hi: The following recent papers may be of interest to mutual fund investors. (Listing order: most recent) Latzko, David A., Mutual Fund Economies of Scale: A Longitudinal Study, 1993-2011 (November 7, 2015). JAFR Vol II, 2013. Available at SSRN: http://ssrn.com/abstract=2687555 Abstract: Since some ...
by Barry Barnitz
Wed Nov 11, 2015 1:39 pm
Forum: Investing - Theory, News & General
Topic: iShares cutting core ETF expenses, launching international bond ETF
Replies: 36
Views: 3694

Re: iShares cutting core ETF expenses, launching international bond ETF

Additional news: Charles Schwab to cut fees: Charles Schwab joins iShares in slashing fees on ETFs | Reuters , November 11, 2015. BlackRock Inc, the largest manager of ETFs through its iShares brand, said it is cutting fees on seven of its over 700 exchange-traded funds. One such fund - iShares Core...
by Barry Barnitz
Wed Nov 11, 2015 11:22 am
Forum: Investing - Theory, News & General
Topic: iShares cutting core ETF expenses, launching international bond ETF
Replies: 36
Views: 3694

iShares cuts fees on "Core" offerings

[Thread merged into here, see below. --admin LadyGeek] Hi: News release: iShares Slashes ‘Core’ ETF Fees | ETF.com , By ETF.com Staff, November 10, 2015 Salient facts: iShares is cutting fees charged to six of its "Core ETFs". The most prominent being a reduction to its total stock market...
by Barry Barnitz
Mon Nov 09, 2015 6:30 pm
Forum: Investing - Theory, News & General
Topic: "The only funds you need in your portfolio now"
Replies: 31
Views: 6871

Re: "The only funds you need in your portfolio now"

Hi: Note that the theoretical notion that the risk of a basket of risky assets could be increased or decreased by either lending or borrowing at the risk free rate is promulgated in Tobin's Separation theorem (1957). An old blog post on the subject: Tobin’s Separation Theorem : The Dilution of Risk ...
by Barry Barnitz
Sun Nov 01, 2015 2:57 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 777
Views: 116903

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

Hi: Nov. 1, 2015 news article: The IRS's intensifying fight over income taxes , Joseph DiStefano, Posted: Sunday, November 1, 2015, 2:01 AM. The Internal Revenue Service says some of America's most successful companies have been shuttling money to avoid paying their share of federal income taxes (.....
by Barry Barnitz
Thu Oct 29, 2015 3:59 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Funds Sue Vereit REIT for 'Billions'
Replies: 4
Views: 1262

Vanguard Funds Sue Vereit REIT for 'Billions'

HI: In the news, Vanguard Funds Sue Vereit REIT Top executives at the giant real estate investment trust Vereit cost investors billions of dollars in a multiyear accounting fraud, the Vanguard Funds claim in court. The Vanguard Group and affiliated trusts and investment companies sued Vereit, Vereit...
by Barry Barnitz
Wed Oct 21, 2015 5:41 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth: John Bogle's 5 Rules
Replies: 9
Views: 1893

Allan Roth: John Bogle's 5 Rules

Hi: Allan Roth's blog post: Jack Bogle’s 5 Simple Rules for Investing in Stocks – AARP , October 10, 2015. Last week, 200 “Bogleheads” met for an annual gathering near Philadelphia, PA to hear the legendary founder of Vanguard, the world’s largest fund company, talk about investing. The Bogleheads i...
by Barry Barnitz
Wed Oct 21, 2015 1:31 pm
Forum: Investing - Theory, News & General
Topic: hedge funds dropping like flies
Replies: 59
Views: 6808

Re: hedge funds dropping like flies

Hi: Recent study on the SSRN Financial Economics Network: Blake, David P. and Caulfield, Tristan and Ioannidis, Christos and Tonks, Ian, New Evidence on Mutual Fund Performance: A Comparison of Alternative Bootstrap Methods (October 1, 2015). Available at SSRN: http://ssrn.com/abstract=2676619 Abstr...
by Barry Barnitz
Wed Oct 21, 2015 12:29 pm
Forum: Investing - Theory, News & General
Topic: BOGLEHEADS 14 VIDEOS
Replies: 23
Views: 4605

Re: BOGLEHEADS 14 VIDEOS

Hi:

The link to the video is now documented in the wiki ===> see Bogleheads® Conferences - Bogleheads

regards,
by Barry Barnitz
Tue Oct 20, 2015 3:52 pm
Forum: Local Chapters and Bogleheads Community
Topic: 2015 Bogleheads Conference Message from Jack Bogle
Replies: 29
Views: 5238

Re: 2015 Bogleheads Conference Message from Jack Bogle

Hi:

This thread, as well as a link to the Bogle eblog entry that provides a link to the John Bogle slide presentation, are now documented in the wiki. Please see --->Bogleheads® Conferences - Bogleheads.

regards,
by Barry Barnitz
Mon Oct 19, 2015 2:46 pm
Forum: Investing - Theory, News & General
Topic: Safe Investment Options
Replies: 50
Views: 5061

Re: Safe Investment Options

Another image:

Image
by Barry Barnitz
Fri Oct 16, 2015 2:57 pm
Forum: Investing - Theory, News & General
Topic: Safe Investment Options
Replies: 50
Views: 5061

Re: Safe Investment Options

Hi:

Additional image:
Image
by Barry Barnitz
Wed Oct 14, 2015 4:57 am
Forum: Investing - Theory, News & General
Topic: 3 recent papers: [from the Social Science Research Network]
Replies: 9
Views: 1213

3 recent papers: [from the Social Science Research Network]

Three recent papers posted on SSRN, which may be of interest. Fama, Eugene F. and French, Kenneth R., Choosing Factors (September 2015). Fama-Miller Working Paper. Available at SSRN: http://ssrn.com/abstract=2668236 or http://dx.doi.org/10.2139/ssrn.2668236 Abstract: The performance of the five-fact...
by Barry Barnitz
Tue Oct 13, 2015 8:21 pm
Forum: Investing - Theory, News & General
Topic: SEC Proposes Liquidity Management Rules For Mutual Funds
Replies: 30
Views: 2624

Re: SEC Proposes Liquidity Management Rules For Mutual Funds

Is there (or should there be) a difference between the liquidity calculations for a $4 Billion total stock market index fund and a $400 Billion total stock market index fund? What about a $1 Billion total bond market index fund versus a $100 Billion total bond market index fund? Will this SEC propo...
by Barry Barnitz
Tue Oct 13, 2015 4:44 am
Forum: Forum Issues and Administration
Topic: Broken links in wiki
Replies: 1
Views: 824

Re: Broken links in wiki

The links in the wiki article on budgeting under the category of References (1) are broken: https://www.bogleheads.org/wiki/Household_budgeting "Sample Income and Expenses Worksheet, from the FDIC Money Smart Information Booth" Thanks, Links updated ---> Household budgeting - Bogleheads ....
by Barry Barnitz
Sat Oct 10, 2015 9:54 pm
Forum: Investing - Theory, News & General
Topic: SEC Proposes Liquidity Management Rules For Mutual Funds
Replies: 30
Views: 2624

Re: SEC Proposes Liquidity Management Rules For Mutual Funds

How come this is a valid discussion..... We are not allowed to discuss proposed legislation, so how is this different? from forum rules: In order to avoid the inevitable frictions that arise from these topics, political or religious posts and comments are prohibited. The only exceptions to this rul...
by Barry Barnitz
Wed Oct 07, 2015 3:56 pm
Forum: Investing - Theory, News & General
Topic: Questions for the Panel of Experts@Boglehead Conference?--Post Here Now
Replies: 39
Views: 7356

Re: Questions for the Panel of Experts@Boglehead Conference?--Post Here Now

Do buy-and-hold investors of funds like Vanguard Total Bond Market Index Fund--that is to say, investment-grade "core" bond funds--need to worry about the emerging issues of bond liquidity and possible "runs" on mutual funds? These concerns seem to be real, are leading the SEC t...
by Barry Barnitz
Wed Sep 30, 2015 11:41 am
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 777
Views: 116903

Re: Vanguard sued for charging too little

Working paper from Reuven S. Avi-Yonah Avi-Yonah, Reuven S., Too Big to Tax? Vanguard and the Arm’s Length Standard (September 28, 2015). Available at SSRN: http://ssrn.com/abstract=2666426 Abstract : Vanguard is the world’s largest complex of mutual funds, with over $3 trillion in assets under mana...
by Barry Barnitz
Sat Sep 19, 2015 6:04 pm
Forum: Investing - Theory, News & General
Topic: Errors in Wiki [CD inflation risk]
Replies: 16
Views: 1088

Re: Errors in Wiki [CD inflation risk]

Hi Nisi: In actuality, the bulk of the page test was composed by: Piper warrior (created the page) (2008) state of page after last edit: Certificate of deposit - Bogleheads tfb (major edits) (2008) state of page after last edit: Certificate of deposit - Bogleheads Dan Kohn (major edits (2009) state ...
by Barry Barnitz
Thu Sep 17, 2015 10:26 am
Forum: Investing - Theory, News & General
Topic: Vanguard updates frequent-trading policy
Replies: 60
Views: 6363

Re: Vanguard updates frequent-trading policy

Hi: Reuters has posted a news release: UPDATE 1-Vanguard relaxes trading restriction on funds to 30 days | Reuters . - Vanguard Group Inc, the No. 1 U.S. fund company, said on Wednesday its investors can now trade in the same fund within 30 days, compared to the previous policy of 60 days. Vanguard'...
by Barry Barnitz
Mon Sep 07, 2015 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: ivest fund documents...
Replies: 2
Views: 293

Re: ivest fund documents...

Hi: The Ivest fund began operations in 1959. The fund invested in a mixture of US and international stocks. In 1981 the fund was split into two separate funds. Currently these funds are called: Vanguard US Growth Fund ( Vanguard - Vanguard U.S. Growth Fund Investor Shares ) Vanguard International Gr...
by Barry Barnitz
Tue Aug 11, 2015 12:28 am
Forum: Investing - Theory, News & General
Topic: "What You Need To Know About Roboadvisors"
Replies: 5
Views: 1126

Re: "What You Need To Know About Roboadvisors"

Hi You might also like this series of blog articles (written in 2014) by Elizabeth Kashner, financial analyst at ETF.com. She examines roboadvisors for investing funds for her thirteen year old son: Which Robo Advisor For My Teen? | ETF.com Ghosts In The Robo Advisor Machine | ETF.com Inside Robo Ad...
by Barry Barnitz
Sat Jun 13, 2015 7:07 pm
Forum: Investing - Theory, News & General
Topic: SEC Proposes Rules to Modernize Reporting
Replies: 0
Views: 515

SEC Proposes Rules to Modernize Reporting

Hi: SEC Proposes Rules to Modernize and Enhance Investment Company and Investment Adviser Reporting | The National Law Review , posted on: Friday, June 12, 2015 On May 20, 2015, the SEC unanimously approved proposed rules, forms and amendments that are intended to modernize and enhance the reporting...
by Barry Barnitz
Tue Jun 02, 2015 4:45 am
Forum: Investing - Theory, News & General
Topic: Paper: Two Determinants of Lifecycle Investment Success
Replies: 12
Views: 1814

Paper: Two Determinants of Lifecycle Investment Success

Hi : 15 page paper examines target retirement fund investing: Hsu, Jason C. and Treussard, Jonathan and Viswanathan, Vivek and Wu, Lillian J., Two Determinants of Lifecycle Investment Success (May 31, 2015). Journal of Retirement, Forthcoming. Available at SSRN: http://ssrn.com/abstract=2612595. Abs...

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