Search found 306 matches

by BogleAlltheWay
Wed Sep 20, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Where do mid-caps fit it?
Replies: 13
Views: 1058

Re: Where do mid-caps fit it?

You guess. That's actually the best answer, because no one knows which segment of the market is going to perform better over the next 5, 10, or 20 years. It's expected that, because small stocks tend to be more volatile than large stocks, they will, over the long haul, out-perform large stocks. Not...
by BogleAlltheWay
Wed Sep 20, 2017 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Where do mid-caps fit it?
Replies: 13
Views: 1058

Re: Where do mid-caps fit it?

large/mid/small cap labels are arbitrary and used differently by different index and fund providers - so I don't see any reason to target set percentages of them for their own sake. What are you looking to accomplish in your portfolio strategy? Once you know that you don't need recommended targets ...
by BogleAlltheWay
Wed Sep 20, 2017 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Where do mid-caps fit it?
Replies: 13
Views: 1058

Re: Where do mid-caps fit it?

large/mid/small cap labels are arbitrary and used differently by different index and fund providers - so I don't see any reason to target set percentages of them for their own sake. What are you looking to accomplish in your portfolio strategy? Once you know that you don't need recommended targets ...
by BogleAlltheWay
Tue Sep 19, 2017 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Where do mid-caps fit it?
Replies: 13
Views: 1058

Re: Where do mid-caps fit it?

From what I have read on here, it seems the majority of posters are at market weight or 50% large and 50% small.
by BogleAlltheWay
Tue Sep 19, 2017 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Where do mid-caps fit it?
Replies: 13
Views: 1058

Where do mid-caps fit it?

Hi all, I have read many past posts that describe sample portfolios. For example, the Coffee House portfolio calls for the equity portion to be 25% large cap 25% large value 25% small cap 25% small value Large cap and small cap funds have mid caps mixed in but how I do I tell how much of each large,...
by BogleAlltheWay
Thu Sep 14, 2017 11:23 am
Forum: Investing - Theory, News & General
Topic: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg
Replies: 94
Views: 11673

Re: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg

The fact fund managers did not line up to take the bet tells me all I need to know.
by BogleAlltheWay
Sat Sep 02, 2017 1:00 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 15868

Re: [Are the Bogleheads] getting less interesting?

There is only so much you need to know to follow the Boglehead philosophy and only so many financial questions that can be asked. Things don't change much as compared to other topics. For example , if you trade stocks often, there is always new information and new stocks to research. other popular d...
by BogleAlltheWay
Fri Aug 11, 2017 1:23 pm
Forum: Investing - Theory, News & General
Topic: "Honesty like that is rare!"
Replies: 47
Views: 7226

Re: "Honesty like that is rare!"

I am surprised that they did not tilt. That gives the look of sophistication and there are many supporters of tilting.
by BogleAlltheWay
Fri Aug 11, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Bonds and Interest rates increase
Replies: 34
Views: 2623

Re: Bonds and Interest rates increase

Mutual funds are priced at "net asset value"; this means that the price is determined by the current value of the assets. If you withdraw $884 from the mutual fund (which is the correct value of this bond if its yield is 2.5%), then the mutual fund must sell assets for $884 to pay you. With the fun...
by BogleAlltheWay
Fri Aug 11, 2017 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Individual stocks for fun
Replies: 24
Views: 1716

Re: Individual stocks for fun

I honestly don't get the concept of "fun" money. Disclosure: I'll buy lottery tickets, because winning $300M would be life changing; I know the odds, but I can't fantasize if I don't own at least one ticket, which is cheaper than a movie ticket. Doubling $500, or even going 10x on $500 doesn't remi...
by BogleAlltheWay
Fri Aug 11, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Bonds and Interest rates increase
Replies: 34
Views: 2623

Re: Bonds and Interest rates increase

Mutual funds are priced at "net asset value"; this means that the price is determined by the current value of the assets. If you withdraw $884 from the mutual fund (which is the correct value of this bond if its yield is 2.5%), then the mutual fund must sell assets for $884 to pay you. With the fun...
by BogleAlltheWay
Fri Aug 11, 2017 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Bonds and Interest rates increase
Replies: 34
Views: 2623

Re: Bonds and Interest rates increase

For the simplest example, consider a zero-coupon bond. If a five-year zero-coupon bond will pay you $1000 at maturity, and the bond is currently worth $906, then the bond yield is 2%, because $906 invested for five years at 2% interest would become $1000. If the bond price drops to $863, then the b...
by BogleAlltheWay
Thu Aug 10, 2017 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds and Interest rates increase
Replies: 34
Views: 2623

Re: Bonds and Interest rates increase

Why do bonds funds go down when interest rates rise? Why isn't the expected interest rate already priced into the fund? When the price of a bond falls, the yield on that bond rises; this is determined by a mathematical formula. If a bond with a 5-year duration and a 2% yield is worth $1000, then wh...
by BogleAlltheWay
Thu Aug 10, 2017 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds and Interest rates increase
Replies: 34
Views: 2623

Re: Bonds and Interest rates increase

"Open end" Fund-price should mostly/only reflect the market value of the underlying assets? "Closed end" Fund-price can trend well above or well below the market value of the underlying assets? If lots of sales of mutual fund shares drive down the prices of the underlying assets(funds having to sel...
by BogleAlltheWay
Wed Aug 09, 2017 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds and Interest rates increase
Replies: 34
Views: 2623

Re: Bonds and Interest rates increase

livesoft wrote:
BogleAlltheWay wrote:..., but are those same "expectations" priced anywhere into a bond fund?
So the charts I posted were not convincing enough?
I am not disagreeing. Are the expectations priced into the individual bonds or the the price people are willing to pay for the fund?
by BogleAlltheWay
Wed Aug 09, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds and Interest rates increase
Replies: 34
Views: 2623

Re: Bonds and Interest rates increase

Hi all, Why do bonds funds go down when interest rates rise? Why isn't the expected interest rate already priced into the fund? For example, Amazon has growth priced into its stock. "Expectations" are not directly priced into a mutual fund. The price (NAV) of a mutual fund is the composite prices o...
by BogleAlltheWay
Wed Aug 09, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds and Interest rates increase
Replies: 34
Views: 2623

Re: Bonds and Interest rates increase

The expected interest rate rise is ALREADY priced into bond funds. I have been reading about the "bond bubble" and moving asset allocation into short term bonds or cds. One example: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=224687 If I had done that when I first started hearing about a ...
by BogleAlltheWay
Wed Aug 09, 2017 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds and Interest rates increase
Replies: 34
Views: 2623

Re: Bonds and Interest rates increase

livesoft wrote:The expected interest rate rise is ALREADY priced into bond funds.
I have been reading about the "bond bubble" and moving asset allocation into short term bonds or cds.
One example: viewtopic.php?f=10&t=224687
by BogleAlltheWay
Wed Aug 09, 2017 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Bonds and Interest rates increase
Replies: 34
Views: 2623

Bonds and Interest rates increase

Hi all,

Why do bonds funds go down when interest rates rise? Why isn't the expected interest rate already priced into the fund?
For example, Amazon has growth priced into its stock.
by BogleAlltheWay
Tue Aug 08, 2017 12:52 pm
Forum: Personal Consumer Issues
Topic: Computer hacked - What to do?
Replies: 16
Views: 1942

Re: Computer hacked - What to do?

Like the comment posted above: Has anyone called and said someone from Microsoft, Dell, HP, etc... telling you there's something wrong with your computer and they can help you fix it? If so this is how they got in. I know how they got it. A number popped up on a browser window(either from an email ...
by BogleAlltheWay
Tue Aug 08, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: Computer hacked - What to do?
Replies: 16
Views: 1942

Re: Computer hacked - What to do?

Thanks for all the replies. I will wipe the computer clean to be safe. From what I gathered, it seems they were only trying to get money as opposed to information on the computer.
by BogleAlltheWay
Mon Aug 07, 2017 8:14 pm
Forum: Personal Consumer Issues
Topic: Computer hacked - What to do?
Replies: 16
Views: 1942

Re: Computer hacked - What to do?

I hope by clean, you mean obliterated the whole disk and started from scratch. With how complex these issues are nowadays, sometimes you won't know what happened until months later. Be safe and just wipe/reinstall. I'd freeze all credit reports and put an identity theft monitor on the accounts. Cha...
by BogleAlltheWay
Mon Aug 07, 2017 7:50 pm
Forum: Personal Consumer Issues
Topic: Computer hacked - What to do?
Replies: 16
Views: 1942

Computer hacked - What to do?

Hi all, Someone I know called one of those numbers that pop up on a website saying you have a virus. The person was able to get control of the computer via LogMeIn. I know for sure their was a photo a drivers licence and luckily no banking is done on that computer. I cleaned the computer, but what o...
by BogleAlltheWay
Mon Jul 24, 2017 9:04 am
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 32783

Re: John Bogle Has Been Right About Investing In International Stocks

I don't see how Bogle being right means we should not invest much internationally. Just look at what happen to Japan, where the stock market was higher in 1989 than today. How do we know what the future holds?
by BogleAlltheWay
Mon Jul 24, 2017 8:38 am
Forum: Personal Consumer Issues
Topic: Italy in August Trip (Rome, Florence, Venice)
Replies: 43
Views: 2763

Re: Italy in August Trip (Rome, Florence, Venice)

There is also the Leaning Tower of Pisa.
In Venice they have glass blowing and several mask shops.
by BogleAlltheWay
Thu Jul 20, 2017 6:16 pm
Forum: Investing - Theory, News & General
Topic: new Bogle written interview on marketwatch.com today 7/20/17
Replies: 17
Views: 1820

Re: new Bogle written interview on marketwatch.com today 7/20/17

In this interview today on marketwatch.com by Paul Merriman he writes that Mr. Bogle advocates the major indices like the S&P 500 for people because people get very disappointed when their investments do not track the market in general. He wrote that Bogle said people are more concerned with tracki...
by BogleAlltheWay
Mon Jul 17, 2017 11:46 am
Forum: Investing - Theory, News & General
Topic: "The Worst ETFs You Can Own"
Replies: 38
Views: 3302

Re: "The Worst ETFs You Can Own"

See also Inverse and leveraged ETFs which includes an illustration of how a 2X leveraged ETF not only failed to earn double the returns of a plain S&P 500 fund, it actually earned less than the unleveraged fund. https://www.bogleheads.org/w/images/5/55/Vfinx-beats-sso.png Looking at the chart, it a...
by BogleAlltheWay
Mon Jul 17, 2017 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Working in New York City and living in NJ: Taxes
Replies: 26
Views: 2156

Re: Working in New York City and living in NJ: Taxes

The only tax deductions in NJ are medical expenses and NJ property taxes (or a prorated share of the rent if you rent in NJ); NY has essentially the same deductions as federal tax except for state tax. NY also has larger exemptions and standard deductions. Thus, if you live in NJ, you will pay tax ...
by BogleAlltheWay
Sun Jul 16, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Working in New York City and living in NJ: Taxes
Replies: 26
Views: 2156

Re: Working in New York City and living in NJ: Taxes

Do your taxes both ways using online tax prep software. If you don't file the forms, you shouldn't have to pay for doing so. The software alone will not suffice; you need to read the instructions for the tax forms. In particular, the software will allow you to enter the wrong number for your salary...
by BogleAlltheWay
Sun Jul 16, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Working in New York City and living in NJ: Taxes
Replies: 26
Views: 2156

Re: Working in New York City and living in NJ: Taxes

Are there any other major tax deductions differences outside of the medical expenses, traditional IRA, 403b and HSA? For 100k AGI does that mean I would lose out on 2k *(6.37%nj tax rate) ~ $125 of medical tax benefits? The only tax deductions in NJ are medical expenses and NJ property taxes (or a ...
by BogleAlltheWay
Sun Jul 16, 2017 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Working in New York City and living in NJ: Taxes
Replies: 26
Views: 2156

Re: Working in New York City and living in NJ: Taxes

Does it matter in which state more of the income is earned? Are there any tax benefits for having the income in two states? For example, assuming health care plans are equal, is it better to have the health care plan in NYC due it guaranteed to be tax deductible? Or is there any tax benefit of favo...
by BogleAlltheWay
Sat Jul 15, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Working in New York City and living in NJ: Taxes
Replies: 26
Views: 2156

Re: Working in New York City and living in NJ: Taxes

Another tax issue is that you can only take a credit of your NY tax against your NJ tax for income taxed by both states. For example, if your NJ income is $100K and NY taxes $80K of that income, your credit for NY tax is the lesser of 80% of your NJ tax, or 100% of your NY tax. NJ taxes contributio...
by BogleAlltheWay
Sat Jul 15, 2017 12:54 am
Forum: Personal Finance (Not Investing)
Topic: What am I missing here? [I'm a bachelor]
Replies: 51
Views: 3528

Re: What am I missing here? [I'm a bachelor]

There are plenty of people on here who know more than I do and I have never owned a home. Here is a link to NY Times Buy or rent calculator. https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html It is a worth it money wise to buy a house in some situations. Often it is a break eve...
by BogleAlltheWay
Sat Jul 15, 2017 12:16 am
Forum: Investing - Help with Personal Investments
Topic: Working in New York City and living in NJ: Taxes
Replies: 26
Views: 2156

Re: Working in New York City and living in NJ: Taxes

Another tax issue is that you can only take a credit of your NY tax against your NJ tax for income taxed by both states. For example, if your NJ income is $100K and NY taxes $80K of that income, your credit for NY tax is the lesser of 80% of your NJ tax, or 100% of your NY tax. NJ taxes contributio...
by BogleAlltheWay
Fri Jul 14, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: International Value Tilting
Replies: 29
Views: 2122

Re: International Value Tilting

In reading the forum, one of the most debated topics is whether or not a value or small premium will continue to exists. If you believe in the premium, it is worth it to pay extra for it. For US funds, the extra expense cost is minimal, although a bit more if held in taxable. International value fun...
by BogleAlltheWay
Fri Jul 14, 2017 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Working in New York City and living in NJ: Taxes
Replies: 26
Views: 2156

Re: Working in New York City and living in NJ

Is there a website I can use to make a comparison of the taxes for living on one state and working in another? You really, really, really should look at more than current taxes. For instance, NJ is currently the State with the worst fiscal situation in the nation, followed by Illinois. What that me...
by BogleAlltheWay
Thu Jul 13, 2017 3:30 pm
Forum: Investing - Theory, News & General
Topic: % bogleheads of overall population
Replies: 82
Views: 10674

Re: % bogleheads of overall population

Here is an interesting article on how Americans spend their money:

http://www.marketwatch.com/story/low-in ... 2017-06-28
by BogleAlltheWay
Thu Jul 13, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Working in New York City and living in NJ: Taxes
Replies: 26
Views: 2156

Re: Working in New York City and living in NJ

Is there a website I can use to make a comparison of the taxes for living on one state and working in another?
by BogleAlltheWay
Thu Jul 13, 2017 11:02 am
Forum: Investing - Help with Personal Investments
Topic: New Commodities ETFs
Replies: 35
Views: 1769

Re: New Commodities ETFs

Larry Swedroe stopped recommending commodities some time ago. Since the 2008-2009 financial crisis, commodities have not done well, much of this due to the cheaper energy prices. When an asset class has been down for almost 10 years is that not the best time to move into an asset class IF you are l...
by BogleAlltheWay
Thu Jul 13, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Working in New York City and living in NJ: Taxes
Replies: 26
Views: 2156

Re: Working in New York City and living in NJ

It depends. If living in NJ: NY State income tax should typically be credited back by NJ, thus not a factor. Besides capital gains/etc you typically won't be owing more to NJ. NY City income tax will not be owed at all (unless you work for the City of NY) If you own your home, property tax can be s...
by BogleAlltheWay
Thu Jul 13, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Working in New York City and living in NJ: Taxes
Replies: 26
Views: 2156

Re: Working in New York City and living in NJ

That all depends on whether you are renting or owning the place you live in. You will pay NYS/NYC taxes but then when filing income taxes will receive a credit from state of NJ for taxes paid to other jurisdictions. The amount of the credit will reduce the overall amount of state/local income relat...
by BogleAlltheWay
Thu Jul 13, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Working in New York City and living in NJ: Taxes
Replies: 26
Views: 2156

Re: Working in New York City and living in NJ

Will I be paying less taxes since I no longer have to pay NYC taxes?

My NJ state income tax would be less if I lived and worked in NJ, but I am unsure what tax rate I would pay if I worked in NYC.
by BogleAlltheWay
Thu Jul 13, 2017 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Working in New York City and living in NJ: Taxes
Replies: 26
Views: 2156

Working in New York City and living in NJ: Taxes

Hi all,

Would my taxes be less if I lived in NJ and worked in NYC as opposed to living and working in NYC?
by BogleAlltheWay
Thu Jul 13, 2017 9:02 am
Forum: Investing - Help with Personal Investments
Topic: International Value Tilting
Replies: 29
Views: 2122

Re: International Value Tilting

Thanks for the link, although backtesting can be dangerous. There are experts on both sides to the value/small cap premium debate. If I buy a US value fund it will only cost a couple of extra basis points. If the premiums hold then I will come out ahead. If they don't continue I will be basically eq...
by BogleAlltheWay
Thu Jul 13, 2017 8:35 am
Forum: Investing - Help with Personal Investments
Topic: New Commodities ETFs
Replies: 35
Views: 1769

Re: New Commodities ETFs

note the date. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=128797&newpost=1893183 Commodities Funds: A Decade of Disaster Postby Bill Bernstein » Sat Dec 21, 2013 1:33 pm We now have a 10-year trailing return for the flagship commodities futures fund, PCRIX: 3.26%--just barely north of in...
by BogleAlltheWay
Wed Jul 12, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: International Value Tilting
Replies: 29
Views: 2122

Re: International Value Tilting

Do the arguments about about US value apply to international funds as well ? When reading through various threads about the small value premium, I seem to remember it being mentioned it should be even more so internationally. Besides lower valuations compared to US, how much longer have small value...
by BogleAlltheWay
Wed Jul 12, 2017 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: New Commodities ETFs
Replies: 35
Views: 1769

Re: New Commodities ETFs

nisiprius wrote:
Well, for whatever fascinating reasons, the benefits that had shown up so beautifully in presentations of backtested data conspicuously failed to show up in real life going forward from 2006.
Is 10 years a long enough time to say the data is wrong?
by BogleAlltheWay
Wed Jul 12, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: New Commodities ETFs
Replies: 35
Views: 1769

Re: New Commodities ETFs

I don't know much about commodities either, but do I need to know much to buy a commodity index ? Even I just buy a gold bullion etf ? A lot of people are against commodities , but I was wondering if these newer lower costs funds are an improvement If you were interested in buying a commodity index...
by BogleAlltheWay
Wed Jul 12, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: International Value Tilting
Replies: 29
Views: 2122

Re: International Value Tilting

How much of the performance difference is due to size as opposed value?
by BogleAlltheWay
Wed Jul 12, 2017 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: New Commodities ETFs
Replies: 35
Views: 1769

Re: New Commodities ETFs

not4me wrote:
Are those your best options? I agree with above comments that these 4 are too thinly traded & have too little AUM at this point for me.
i can buy any widely available commodity ETF. I was interested in if there are any good commodity ETFs out there