Search found 166 matches

by BetaTracker
Thu Mar 08, 2018 11:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard New Factor Funds Portfolio Statistics
Replies: 152
Views: 16392

Re: Vanguard New Factor Funds Portfolio Statistics

Wait, aren't these ETFs still building their portfolios? I read somewhere that most of these funds are nowhere near where their portfolio managers expect them to be at a more mature stage? If you're trying to measure degrees of tilts on actively managed funds, aren't things like trade execution and ...
by BetaTracker
Sun Mar 04, 2018 1:50 pm
Forum: Investing - Theory, News & General
Topic: Is Now the Time to Reduce Bond Duration?
Replies: 41
Views: 4442

Re: Is Now the Time to Reduce Bond Duration?

Doesn't this whole discussion raise a more basic issue: Too much worry about risks in bonds? If you're thinking about this so early in an expected cycle of higher rates, why not just keep duration low (short-term bond index fund) on a permanent basis, and instead put more of your risk exposure into ...
by BetaTracker
Sat Feb 10, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: No DFA Forums?
Replies: 8
Views: 981

No DFA Forums?

Didn't Morningstar used to have a discussion forum just for DFA funds? I can't find one now -- anyone know of any good discussion groups/forums about DFA funds?
by BetaTracker
Wed Feb 07, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Diversification Value of Int'l Bonds In Shaky Markets?
Replies: 2
Views: 160

Diversification Value of Int'l Bonds In Shaky Markets?

A friend who is invested heavily in a Vanguard LifeStrategy fund with both Total Bond Market and Total International Bond told me that over the past three months as fear in bond markets has spread, the international bond fund has held up better. He showed me a Morningstar tool where he tracks all of...
by BetaTracker
Mon Feb 05, 2018 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Flat Rate Advisors
Replies: 1
Views: 204

Flat Rate Advisors

Last year when I was investigating flat rate advisors as opposed to listing Vanguard PAS as the place to go for my wife in case something happened to me, a firm quoted a price that equates to about 0.15% of our current portfolio. But his fee was stated as a set amount per quarter. I'm wondering if a...
by BetaTracker
Sat Feb 03, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Overall Portfolio Plan Critique
Replies: 5
Views: 450

Re: Overall Portfolio Plan Critique

Sorry to hear about your job loss. It looks like you've got a lot in cash. Does it fit into some sort of target range for emergency funds, or have you gotten that far yet? A few quick questions: How much are you paying on your mortgage? Also, does your rental property generate any income stream?
by BetaTracker
Mon Jan 29, 2018 8:46 pm
Forum: Personal Consumer Issues
Topic: San Diego for 3-4 Days for a Couple
Replies: 25
Views: 1640

Re: San Diego for 3-4 Days for a Couple

If you like jazz, Humphreys Backstage Live is a great music venue with good food.
http://www.humphreysbackstagelive.com/
by BetaTracker
Sun Jan 28, 2018 3:27 am
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds - 100% When All You Need is the Income
Replies: 55
Views: 5463

Re: Municipal Bonds - 100% When All You Need is the Income

You say you're in the 37% tax bracket. Marginal rates might not be the best way to analyze how great of a need you have to hold so much in munis. When I had a similar discussion with my accountant, he told me to look at average tax rates. His reasoning was that rates are applied in a stacked manner ...
by BetaTracker
Fri Jan 26, 2018 11:57 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds - 100% When All You Need is the Income
Replies: 55
Views: 5463

Re: Municipal Bonds - 100% When All You Need is the Income

How will the new cap on local and state tax deductions impact your holding of so many national munis?
by BetaTracker
Tue Jan 02, 2018 5:10 am
Forum: Investing - Theory, News & General
Topic: Active Core Bond Beats Total Index in 2017
Replies: 12
Views: 2526

Re: Active Core Bond Beats Total Index in 2017

Checking Vanguard's site, the sector and credit quality figures seem to be fairly similar to Morningstar's numbers. But even with slightly more lower-rated bonds, the active fund still has almost the same SEC yield as Total Bond. Taking extra credit risks in bonds in exchange for just 0.28% more in ...
by BetaTracker
Mon Jan 01, 2018 7:37 pm
Forum: Investing - Theory, News & General
Topic: Active Core Bond Beats Total Index in 2017
Replies: 12
Views: 2526

Active Core Bond Beats Total Index in 2017

It looks like from Morningstar's performance page, the new actively managed Vanguard Core Bond Fund (admiral shares) beat Vanguard Total Bond Market (admiral shares) in 2017, 3.89% vs. 3.57%. If I'm reading it right, the numbers are through Friday, Dec. 29. So maybe these returns should be considere...
by BetaTracker
Thu Jun 22, 2017 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Do Indexers Need 401(k) Plans?
Replies: 15
Views: 2255

Re: Do Indexers Need 401(k) Plans?

Thanks everyone -- sure saves me money asking ya'll rather than going to a CPA's office! Since everything's now at Vanguard, both our personal taxable accounts, IRAs and now the 401k), think it's best to max out the 401(k).
by BetaTracker
Thu Jun 22, 2017 12:45 am
Forum: Investing - Help with Personal Investments
Topic: Do Indexers Need 401(k) Plans?
Replies: 15
Views: 2255

Do Indexers Need 401(k) Plans?

After years of terrible 401(k) options, my employer finally switched to Vanguard. Now I can invest in the same index funds as in our brokerage account at Vanguard. My question is: Since we use a basic three-fund index portfolio, which is already very tax efficient, is there any real upside to contri...
by BetaTracker
Sat Jun 03, 2017 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Time to Move Away from 3-Fund Portfolio?
Replies: 36
Views: 5161

Re: Time to Move Away from 3-Fund Portfolio?

I hear everyone about going with Balanced Fund or something similar with taxable bonds in a taxable account as opposed to paying up for Vanguard's PAS service. The problem is that I really don't feel like gambling on tax rates over the next 30-40 years, which is what we're ultimately looking at for ...
by BetaTracker
Fri Jun 02, 2017 11:59 pm
Forum: Investing - Help with Personal Investments
Topic: Time to Move Away from 3-Fund Portfolio?
Replies: 36
Views: 5161

Re: Time to Move Away from 3-Fund Portfolio?

Thanks for all of the great input. We've sat down and talked about our options and decided to stick with our three fund portfolio. My wife brought up a lot of things that could go wrong and didn't express a lot of confidence in managing everything on her own. We went over costs of hiring another adv...
by BetaTracker
Fri Jun 02, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Time to Move Away from 3-Fund Portfolio?
Replies: 36
Views: 5161

Re: Time to Move Away from 3-Fund Portfolio?

Oh, thanks. The problem comes from the fact that we've both got traditional IRAs and Roths. So in total there are five different accounts with varying mixes of Total Stock, Total International and in the IRAs, Total Bond. My wife just gets dizzy looking at it all! It's easy for me to juggle but she'...
by BetaTracker
Fri Jun 02, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Time to Move Away from 3-Fund Portfolio?
Replies: 36
Views: 5161

Time to Move Away from 3-Fund Portfolio?

Taylor recommends the three-fund portfolio for those without taxable accounts. We've been following that advice since about 20% of our portfolio is in a taxable account. I'm just trying to plan ahead for a time when my wife, who has no interest in handling our portfolio, might have to take over. Our...
by BetaTracker
Wed May 31, 2017 12:28 am
Forum: Investing - Theory, News & General
Topic: Emerging Markets Index Missing Big Names
Replies: 31
Views: 4920

Re: Emerging Markets Index Missing Big Names

Since it has been around (iShares only offered EEM at 0.7% for years -- nice!), the new IEMG and VWO so far have nearly identical three year price returns, according to Morningstar.
by BetaTracker
Tue May 30, 2017 6:55 pm
Forum: Investing - Theory, News & General
Topic: Emerging Markets Index Missing Big Names
Replies: 31
Views: 4920

Re: Emerging Markets Index Missing Big Names

Wow, pretty self-serving. Thanks for the education nisiprius, Dominic and lazyday! Even more reason to stay away from individual stocks.
by BetaTracker
Tue May 30, 2017 6:41 pm
Forum: Investing - Theory, News & General
Topic: Emerging Markets Index Missing Big Names
Replies: 31
Views: 4920

Re: Emerging Markets Index Missing Big Names

So again Vanguard is watching out for us. Just goes to show ...
by BetaTracker
Tue May 30, 2017 4:34 pm
Forum: Investing - Theory, News & General
Topic: Emerging Markets Index Missing Big Names
Replies: 31
Views: 4920

Emerging Markets Index Missing Big Names

What does anyone think of this story on MarketWatch? It points out that Vanguard's emerging markets index fund and ETF doesn't include two of the biggest companies, Alibaba and Baidu. Although those are just two companies, the article points out that both have big market caps and are prominent membe...
by BetaTracker
Sat May 27, 2017 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: California municipal / VCLAX
Replies: 15
Views: 1952

Re: California municipal / VCLAX

Closed-end bond funds often are fairly leveraged. The ones you're looking at don't seem to be trading right now at great discounts, either. If you're looking at these CEFs, maybe a first question should be: Do you want an open-end fund (like Vanguard's), or do you want a closed-end fund? An even bet...
by BetaTracker
Sun Mar 26, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Tax Liabilities
Replies: 8
Views: 1084

Re: Estate Tax Liabilities

Thanks for your comments! The lawyer in question does advertise as an estate expert. My hope is that my father simply doesn't understand and what is going on is that he's being set up with an irrevocable trust. I will ask the lawyer myself.
by BetaTracker
Fri Mar 24, 2017 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Tax Liabilities
Replies: 8
Views: 1084

Estate Tax Liabilities

Does this sound right: A lawyer is telling my dad that he should split up his assets and create new accounts in order to cut any possible future inheritance tax bills. His taxable account is wrapped under a living trust. But this trust account has just two index funds, adding up to less than $500k. ...
by BetaTracker
Mon Mar 20, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Short Vs. Intermediate Corp. Bonds
Replies: 6
Views: 929

Re: Short Vs. Intermediate Corp. Bonds

Thanks -- supports my inclination to stick with TBM and not add a small overweight to corporates. I'm less concerned about trying to play yields than total return over the long turn, in any case. (For explanation about the "bigger bang"comment, I read somewhere that the risk-reward tradeoff betwen g...
by BetaTracker
Sun Mar 19, 2017 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Short Vs. Intermediate Corp. Bonds
Replies: 6
Views: 929

Short Vs. Intermediate Corp. Bonds

I've read that short-term corporate bond funds like the Vanguard Short-Term Bond Index provide more bang for your buck than something like the Intermediate-Term Corporate fund. I'm considering adding one to fill a 25% slot in our bond portfolio that recently opened due to a new one-time source of mo...
by BetaTracker
Sun Feb 26, 2017 1:57 am
Forum: Personal Finance (Not Investing)
Topic: How to Split Pension
Replies: 58
Views: 5449

Re: How to Split Pension

I'll take our low cost globally diversified three index fund folder over anything a pension plan says it can guarantee. Regardless, a funny twist has developed. I've shown my wife all of your comments and it's inspired probably the most extensive financial discussion we've ever had. She is genuinely...
by BetaTracker
Wed Feb 22, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Tell me about Raymond James?
Replies: 28
Views: 4717

Re: Tell me about Raymond James?

As an investor I definitely agree Raymond James charges too much for my tastes, barnaclebob. On the other hand, for an employee I wonder how you'd look at things. If Vanguard charges us such low fees, I'd think it certainly isn't paying the highest wages to its workers. What's the tradeoff?
by BetaTracker
Wed Feb 22, 2017 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tell me about Raymond James?
Replies: 28
Views: 4717

Re: Tell me about Raymond James?

Sounds like they've built a highly ethical culture built around letting their employees do well by their clients. Found this that might help:
http://financialadvisoriq.com/c/1290043/145903
by BetaTracker
Tue Feb 21, 2017 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to Split Pension
Replies: 58
Views: 5449

Re: How to Split Pension

Lots of good info to chew on -- we hadn't even thought about asking for relative value data. They haven't offered it to us at this point. Does anyone think that hiring an hourly planner to run the numbers for us might be a good idea? (Neither of us are good with spreadsheets!) Or is that a waste of ...
by BetaTracker
Tue Feb 21, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Moving away from Edward Jones to Vanguard
Replies: 50
Views: 9124

Re: Moving away from Edward Jones to Vanguard

Congratulations! We did the same thing about 15 years ago. Never looked back. Although it was awhile ago -- and our EJ broker was a personal family friend we trusted -- I might offer a few pointers. In our case, we had to sell all of our funds first. This was hard simply because we really liked our ...
by BetaTracker
Tue Feb 21, 2017 12:59 am
Forum: Personal Finance (Not Investing)
Topic: How to Split Pension
Replies: 58
Views: 5449

Re: How to Split Pension

Leif -- how do you get the "even" option? Not sure her employer offers such a possibility -- or am I misunderstanding?
You also suggest putting some of the higher pension into life insurance. You'd do that rather than putting it into our investment portfolio?
by BetaTracker
Mon Feb 20, 2017 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to Split Pension
Replies: 58
Views: 5449

Re: How to Split Pension

That sounds like a good idea -- take the maximum amount and put $500/month into our investment portfolio at Vanguard. We really don't need the extra money right now to live on -- we can pretty much live off her Social Security benefits and I'm planning on working for at least several more years. As ...
by BetaTracker
Mon Feb 20, 2017 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: How to Split Pension
Replies: 58
Views: 5449

How to Split Pension

My wife is planning on retiring in a few months.Her company also offers a traditional pension through an annuity. She has the option of taking 100% for herself and zero for her husband, plus various percentages the other way to an equal 50/50 split. The difference is $500 a month ($2,500 vs. $2,000)...
by BetaTracker
Sat Feb 04, 2017 8:55 pm
Forum: Local Chapters and Bogleheads Community
Topic: San Jose, CA Area Bogleheads Chapter
Replies: 95
Views: 24878

Re: San Jose, CA Area Bogleheads Chapter

Wow, if you're serious I think that would be amazing! I see light at the end if a long, long tunnel of trying to get my wife even faintly interested in our portfolio! That sounds like fun!!
by BetaTracker
Sat Feb 04, 2017 1:27 pm
Forum: Local Chapters and Bogleheads Community
Topic: San Jose, CA Area Bogleheads Chapter
Replies: 95
Views: 24878

Re: San Jose, CA Area Bogleheads Chapter

Hi, I'm trying to get my wife involved with at least learning how to rebalance our portfolio. We're not going to be available for the February meeting. But would it be possible to suggest a future meeting theme around nudging spouses who aren't into investing that it isn't all that difficult (or dul...
by BetaTracker
Sat Feb 04, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab "Consultants" Vs. Vanguard PAS
Replies: 9
Views: 1412

Re: Schwab "Consultants" Vs. Vanguard PAS

Thanks for all of the insights. We're in a little different situation because as long as I'm around, this forum provides plenty of resources for me to make sure we're staying the course. Right now, we don't anticipate needing an advisor. But my wife has zero interest in finances. I've tried to get h...
by BetaTracker
Fri Feb 03, 2017 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab "Consultants" Vs. Vanguard PAS
Replies: 9
Views: 1412

Schwab "Consultants" Vs. Vanguard PAS

Schwab is offering us free support through a local "consultant" rather than using Vanguard's PAS at 0.30% per year. For us, that would mean a savings of several thousands of dollars a year. The consultant they want us to talk to has a CFP. (Researching online, however, it doesn't appear that any of ...
by BetaTracker
Mon Jan 02, 2017 5:14 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Bond Market v. Inter-Term Bond Index v. I-T Investment Grade Inv
Replies: 19
Views: 3393

Re: Vanguard Total Bond Market v. Inter-Term Bond Index v. I-T Investment Grade Inv

The Barclays Capital U.S. MBS Index gained more than 7% in 2008. (A possible explanation: Didn't the Fed back up the truck and buy a boat load of MBS issues during the financial crisis to help prop up our decimated mortgage markets?) By the way, Vanguard's site lists the Vanguard Intermediate-Term I...
by BetaTracker
Wed Dec 14, 2016 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Advisory Hybrid Service
Replies: 8
Views: 1496

Re: Schwab Intelligent Advisory Hybrid Service

Paul, it won't launch until sometime in the first half of next year. One issue I've got with this new robo is that Schwab seems to be sticking with set model portfolios. I assume like with their free existing online service, you can tilt allocations somewhat between the same funds, adding dashes of ...
by BetaTracker
Mon Dec 05, 2016 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Is Federal Health Benefits Program A Good System?
Replies: 31
Views: 2865

Re: Is Federal Health Benefits Program A Good System?

That was a very interesting Atlantic article, thanks Rupert! My impression is that's what Barron's talking about -- a combination of public and private sector plans to maintain a multi-payer system that takes from the best of both sectors and forces competition to keep prices reasonable. My understa...
by BetaTracker
Mon Dec 05, 2016 1:00 pm
Forum: Investing - Theory, News & General
Topic: Israelsen's Research on International Bonds
Replies: 8
Views: 1133

Re: Israelsen's Research on International Bonds

Interesting -- this does seem a bit inconsistent and inconclusive. In reviewing our simple three-fund portfolio, a Vanguard advisor recently told me that in PAS accounts they're no longer accepting new clients who aren't open to at least a little bit of int'l fixed-income exposure. Hopefully I mishe...
by BetaTracker
Mon Dec 05, 2016 11:31 am
Forum: Investing - Theory, News & General
Topic: Isn't Vanguard misleading investors with BNDX?
Replies: 11
Views: 2631

Re: Isn't Vanguard misleading investors with BNDX?

Aren't transaction costs and these sort of added expenses typically disclosed in a fund's secondary addendum filings, available at the SEC's site?
by BetaTracker
Mon Dec 05, 2016 10:59 am
Forum: Investing - Theory, News & General
Topic: Israelsen's Research on International Bonds
Replies: 8
Views: 1133

Israelsen's Research on International Bonds

Professor Craig Israelsen is arguing in a recent paper that the way to handle a period of rising rates is to diversify your bond allocation. In particular, he's pushing the need to think globally. He presents an interesting chart comparing U.S. bond vs. international bond returns over time. (Below i...
by BetaTracker
Sun Dec 04, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is Federal Health Benefits Program A Good System?
Replies: 31
Views: 2865

Re: Is Federal Health Benefits Program A Good System?

A dumb question, but would it be possible to merge the public employees' plan with all private corporate plans to create one huge system?
by BetaTracker
Sun Dec 04, 2016 12:44 am
Forum: Personal Finance (Not Investing)
Topic: Is Federal Health Benefits Program A Good System?
Replies: 31
Views: 2865

Re: Is Federal Health Benefits Program A Good System?

So the federal system pools all its employees and sets up a huge market for insurers? I work for a big company -- they offer three different insurers but wouldn't it drive down costs to let in more insurers to compete? (Then again there's probably very few companies with a workforce the size of the ...
by BetaTracker
Sun Dec 04, 2016 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Is Federal Health Benefits Program A Good System?
Replies: 31
Views: 2865

Re: Is Federal Health Benefits Program A Good System?

When you say: Compare that to even a large private employer or certainly an individual looking for coverage -- the risk to the insurer is higher and that is reflected in the costs.
Not sure what you mean -- the risk is higher in what sense?
by BetaTracker
Sat Dec 03, 2016 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Is Federal Health Benefits Program A Good System?
Replies: 31
Views: 2865

Is Federal Health Benefits Program A Good System?

A friend of mine who's also trying to lobby his employer for better healthcare options showed me an interesting article today in Barron's. It points to the Federal Employees Health Benefits Program as a positive example of a well thought out workplace plan that does a good job of holding down costs....
by BetaTracker
Mon Nov 28, 2016 11:25 pm
Forum: Investing - Theory, News & General
Topic: Backtesting International Bonds (as an aggregate)
Replies: 44
Views: 4988

Re: Backtesting International Bonds (as an aggregate)

What about portfolio visualizer? It has a selection under the asset allocation backtesting tool for USD Hedged global bonds (and unhedged) -- goes back to 1999. It shows that in 2008 this asset class lost -2.35%. Personally, I face a quandary since talking to a Vanguard advisor recently who informed...
by BetaTracker
Mon Nov 14, 2016 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Age 92 Dad Wants to Boost stocks
Replies: 52
Views: 6466

Re: Age 92 Dad Wants to Boost stocks

I sat down with my father last night and I'm pleased to report that he's agreed to only bumping up his allocation in the Vanguard Total Stock fund by 10% to 40%. He's also going to take a small portion out of the Total Bond fund to put into the short-term corporate bond fund. He liked the idea of ad...