Search found 6152 matches

by Call_Me_Op
Sun Sep 25, 2016 7:43 am
Forum: Investing - Theory, News & General
Topic: Should synthetic ETFs be avoided?
Replies: 11
Views: 650

Re: Should synthetic ETFs be avoided?

I would avoid them. I mush prefer owning the underlying assets. Sounds too risky.
by Call_Me_Op
Sun Sep 25, 2016 7:40 am
Forum: Investing - Theory, News & General
Topic: Merriman knocks TSM
Replies: 17
Views: 1870

Re: Merriman knocks TSM

Aptenodytes wrote:Merriman's portfolio is hard to square with Swedroe's advice. Merriman has 9 equity funds; there are not 9 factors.


Merriman diversifies across factors and regions (and throws-in REITs) - hence the 9 funds.
by Call_Me_Op
Sun Sep 25, 2016 7:39 am
Forum: Investing - Theory, News & General
Topic: Merriman knocks TSM
Replies: 17
Views: 1870

Re: Merriman knocks TSM

It is well known that Paul advocates diversification across multiple "asset classes." He considers total market in the large-cap blend category, which is quite correct. This boils down to the old tilting debate.
by Call_Me_Op
Sat Sep 24, 2016 2:17 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 73
Views: 5316

Re: Do Bogleheads Bucket?

Like mickeyd I always thought that bucketing was a way to complicate a relatively simple process. So I have avoided it. It can be, but does not have to be. As I stated, it boils-down to nothing more than segregating investments based upon risk level. Most of us do this anyway. I actually think that...
by Call_Me_Op
Sat Sep 24, 2016 12:46 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 73
Views: 5316

Re: Do Bogleheads Bucket?

I had a consultation with a financial advisor recently (totally free through my credit union, and she didn't try to sell me anything... :happy ). One of the things she did at one point was draw three circles on a piece of paper. One of them was "cash", about 1 years worth of expenses, one...
by Call_Me_Op
Sat Sep 24, 2016 7:25 am
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 73
Views: 5316

Re: Do Bogleheads Bucket?

There seem to be several variations of the so-called bucket approaches out there. I think before people shoot it down (or defend it) it should be defined. One could view a split between stocks and bonds as two buckets, and those buckets could be rebalanced periodically - making the standard Boglehe...
by Call_Me_Op
Fri Sep 23, 2016 5:03 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 73
Views: 5316

Re: Do Bogleheads Bucket?

There seem to be several variations of the so-called bucket approaches out there. I think before people shoot it down (or defend it) it should be defined. One could view a split between stocks and bonds as two buckets, and those buckets could be rebalanced periodically - making the standard Boglehea...
by Call_Me_Op
Fri Sep 23, 2016 11:49 am
Forum: Investing - Theory, News & General
Topic: Harvard Endowment Losses Tied to Value Stocks
Replies: 44
Views: 3304

Re: Harvard Endowment Losses Tied to Value Stocks

Not to stir up more noise, but does Harvard endowment's performance last year (worst fiscal year since 2009) raise any red flags about taking bets against the market by tilting portfolios? The under-performance was more about active management than value investing. That said, the general answer to ...
by Call_Me_Op
Sun Sep 18, 2016 7:08 am
Forum: Investing - Theory, News & General
Topic: The Enterprising Investor
Replies: 1
Views: 228

Re: The Enterprising Investor

packer16 wrote:I think factor investing is a good idea but I see it subject to the same forces as active management. The fee savings will saving a little on the edge but if you want low fees just invest in index funds.


You can pursue factor investing using only index funds.
by Call_Me_Op
Sun Sep 18, 2016 7:04 am
Forum: Investing - Theory, News & General
Topic: "Factor investing"
Replies: 192
Views: 12149

Re: The Value Premium?

Mr. Bogle, who knows much much more than I do, doesn't own the haystack. He owns part of it because he thinks that part will have better returns. Well, if that part is to have better returns than it should also have more risk, right? If the claim is that US equities will have higher returns because...
by Call_Me_Op
Sun Sep 18, 2016 7:00 am
Forum: Investing - Theory, News & General
Topic: Those with negative yields on international bonds take heart
Replies: 69
Views: 5016

Re: Those with negative yields on international bonds take heart

I do not follow this argument. The currency conversion works both ways. Negative yield is still negative expected return. No it's not (Vanguard says). A US investor purchasing (negative) German bonds can (Vanguard says) expect a return similar to if they had purchased US bonds. Bond investors shoul...
by Call_Me_Op
Sun Sep 18, 2016 6:49 am
Forum: Investing - Theory, News & General
Topic: The coming municipal bond crisis
Replies: 49
Views: 6222

Re: The coming municipal bond crisis

If you shift your investing strategy every time someone comes along with a forecast, you are in for a rough ride indeed.
by Call_Me_Op
Sun Sep 18, 2016 6:46 am
Forum: Investing - Theory, News & General
Topic: "Factor investing"
Replies: 192
Views: 12149

Re: The Value Premium?

Mr. Bogle, who knows much much more than I do, doesn't own the haystack. He owns part of it because he thinks that part will have better returns. Well, if that part is to have better returns than it should also have more risk, right? If the claim is that US equities will have higher returns because...
by Call_Me_Op
Sun Sep 18, 2016 6:18 am
Forum: Investing - Theory, News & General
Topic: Never invest in ....... ?
Replies: 53
Views: 5034

Re: Never invest in ....... ?

The thought occurs that if everyone is carefully avoiding these areas, then there must arrive some price (low) level at which these spurned unloved assets become worth holding? First, Bogleheads do not comprise the entire universe of investors - only a small fraction. So the idea that "everyon...
by Call_Me_Op
Fri Sep 16, 2016 11:31 am
Forum: Local Chapters and Bogleheads Community
Topic: I think I found Rick Ferri
Replies: 53
Views: 9658

Re: The Second Time Around

I am a cancer survivor having battled four types of cancer. My first cancer in 2005 took away my natural voice (I now use an electronic voice). Taffy founded a medical school and is helping me with any medical problems. Taffy is also my talented crew during sailing regattas. Taylor Taylor, wow so b...
by Call_Me_Op
Tue Sep 13, 2016 11:36 am
Forum: Investing - Theory, News & General
Topic: Why does hint of Fed interest rate hike trigger sell-off?
Replies: 34
Views: 4027

Re: Why does hint of Fed interest rate hike trigger sell-off?

Anyone concerned about rising rates must have a short-term view, because in the long term the rising rates will benefit both stocks and bonds.
by Call_Me_Op
Sat Sep 10, 2016 8:30 am
Forum: Investing - Theory, News & General
Topic: Those with negative yields on international bonds take heart
Replies: 69
Views: 5016

Re: Those with negative yields on international bonds take heart

I do not follow this argument. The currency conversion works both ways. Negative yield is still negative expected return.
by Call_Me_Op
Sat Sep 10, 2016 8:21 am
Forum: Investing - Theory, News & General
Topic: "Factor investing"
Replies: 192
Views: 12149

Re: "Factor investing"

I think one thing that Nisi missed in his fine post above is that asset class returns are not Gaussian. That is, you can have higher return with higher risk but have similar (or at least proportionally-smaller) maximum draw-down. This, I believe, is the key appeal to factor investing. You can place ...
by Call_Me_Op
Fri Sep 09, 2016 9:43 am
Forum: Investing - Theory, News & General
Topic: "Factor investing"
Replies: 192
Views: 12149

Re: "Factor investing"

Beware of "factors" that claim they will beat the market. There is a lot of hand-waving on both sides of this issue. What is meant by "beat the market?' Does this mean beat it in absolute terms or on a risk adjusted basis? I think it is quite reasonable to expect various asset sub-cl...
by Call_Me_Op
Mon Sep 05, 2016 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Consolidating accounts
Replies: 3
Views: 423

Re: Consolidating accounts

Rolling a 401k over to an IRA will reduce asset protection. The extent of this reduction is state-specific.
by Call_Me_Op
Sat Sep 03, 2016 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Is there an investment with a FIXED rate of 3.5% or higher?
Replies: 32
Views: 4274

Re: Is there an investment with a FIXED rate of 3.5% or higher?

I am wondering if there is an instrument out there that yields 3.5% or more? I am asking about this because I can pay off my 30 mortgage which currently have a rate of 3.5% and maturity of 29 years. Instead of paying it off, is there anything that I can buy with a guaranteed rate of return of 3.5% ...
by Call_Me_Op
Thu Sep 01, 2016 11:38 am
Forum: Investing - Theory, News & General
Topic: Ric Edelman's The Truth about Retirement on PBS
Replies: 142
Views: 12003

Re: Ric Edelman's The Truth about Retirement on PBS

He runs an advisory service and has a big conflict of interest. Like Suze Orman, he says a lot of things that are not quite wrong but are subtly off . Indeed. And you need to be quite knowledgeable about investing to identify some of those subtleties. I definitely do not like the idea of always hol...
by Call_Me_Op
Tue Aug 30, 2016 3:57 pm
Forum: Local Chapters and Bogleheads Community
Topic: I think I found Rick Ferri
Replies: 53
Views: 9658

Re: I think I found Rick Ferri

Crushtheturtle wrote:Sell everything?

The plot thickens...


I hope he didn't sell his index funds.
by Call_Me_Op
Tue Aug 30, 2016 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Trident Portfolio
Replies: 25
Views: 2324

Re: Trident Portfolio

Hello fellow BHs, I was just reading about the Trident Portfolio on the Investwithstrength.com website. It entails investing in equal measure into three ETFs: US Small-Cap Value Stocks (VBR), Gold (GLD), and Long Term US Treasuries (TLT). Has anyone had any experience with this strategy or any insi...
by Call_Me_Op
Sun Aug 28, 2016 5:59 am
Forum: Investing - Theory, News & General
Topic: "How to Tell if Your Retirement Nest Egg Is Big Enough"
Replies: 61
Views: 13249

Re: "How to Tell if Your Retirement Nest Egg Is Big Enough"

with 20-25 years worth of residual expenses in "safe" fixed income In the age of no pensions having 20-25 years invested with no risk does not seem practical for middle class. I did not interpret his recommendation the same way you did. I think he is saying (in this article) that once you...
by Call_Me_Op
Sun Aug 21, 2016 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Get a mortgage even if not needed?
Replies: 41
Views: 3705

Re: Get a mortgage even if not needed?

I'm getting closer to buying my first house with cash but I wonder if it would be advantageous to finance part of the purchase even though I could afford to pay in cash. I don't have any debt. Is cash always the best way to pay if possible? It is not possible to say which is the "best" op...
by Call_Me_Op
Sat Aug 20, 2016 6:26 am
Forum: Investing - Theory, News & General
Topic: How do you approximate total stock index using S&P 500, mid, and small cap?
Replies: 6
Views: 776

Re: How do you approximate total stock index using S&P 500, mid, and small cap?

Rodc wrote:Consider that an S&P 500 fund does a remarkable job of approximating the total market all by itself.


Indeed, which explains why the total market index is considered large-cap growth.
by Call_Me_Op
Tue Aug 16, 2016 1:48 pm
Forum: Investing - Theory, News & General
Topic: Someone wants to pay me to manage their finances
Replies: 46
Views: 4230

Re: Someone wants to pay me to manage their finances

smartinwate wrote:+1. Too much liability. You'll get blamed when (not if) the next market downturn happens.


+2. You'll be surprised how fast friendship will vanish when you are blamed for losing your friend's money (even though the loss might be due to typical market fluctuations).
by Call_Me_Op
Mon Aug 15, 2016 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Time to sell VTIAX
Replies: 10
Views: 1421

Re: Time to sell VTIAX

I have been monitoring performance of VTIAX for a while, as compared to the Foreign Stock Category Average (as published by AAII). Its returns for the last yr, last 3 years and last 5 years have been consistently lower than of its peers. For the last 5 yrs the returns have been .5, 1.9 less than it...
by Call_Me_Op
Mon Aug 15, 2016 5:34 am
Forum: Investing - Theory, News & General
Topic: Charles Ellis on Wealthtrack.com tonight. Link provided.
Replies: 14
Views: 1689

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

segfault wrote:One of my pet peeves is when someone says you shouldn't use age in bonds, but doesn't say what you should use instead.


Actually, he did say; less than age in bonds.
by Call_Me_Op
Sun Aug 14, 2016 12:10 pm
Forum: Investing - Theory, News & General
Topic: Charles Ellis on Wealthtrack.com tonight. Link provided.
Replies: 14
Views: 1689

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

Thought his view on bonds to be extreme except for the very, very young. Of course there wasn't much time spent on it. One problem with his view of human capital being equivalent to a bond is that there is great uncertainty that you will able to work until your full retirement date. Thus, this bond...
by Call_Me_Op
Fri Aug 12, 2016 6:41 am
Forum: Investing - Help with Personal Investments
Topic: Bond Mutual Fund Returns So High?
Replies: 6
Views: 864

Re: Bond Mutual Fund Returns So High?

Hi Guys, I'm looking on investing around $10k for about 3 years. I took a long on Vanguard and there are a few bond funds that seem to give really great returns but it almost seems too good to be true. For ex: Vanguard Long-Term Government Bond Index Fund Admiral Shares returned 11.76% over the pas...
by Call_Me_Op
Thu Aug 11, 2016 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Life Strategy Funds
Replies: 32
Views: 3688

Re: Vanguard Life Strategy Funds

I put my mom's IRA into Life Strategy Moderate Growth. She has broad exposure to stocks and bonds across the globe (automatically rebalanced) and doesn't have to lift a finger or worry about it. She just collects her RMD checks.That's perfect for her and for me. Prior to my moving her money to Vang...
by Call_Me_Op
Thu Aug 11, 2016 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Life Strategy Funds
Replies: 32
Views: 3688

Re: Vanguard Life Strategy Funds

I put my mom's IRA into Life Strategy Moderate Growth. She has broad exposure to stocks and bonds across the globe (automatically rebalanced) and doesn't have to lift a finger or worry about it. She just collects her RMD checks.That's perfect for her and for me. Prior to my moving her money to Vangu...
by Call_Me_Op
Wed Aug 10, 2016 7:14 am
Forum: Investing - Theory, News & General
Topic: Bogle & Buffett on International Investing
Replies: 102
Views: 8791

Re: Bogle & Buffett on International Investing

I am confounded by conflicting advice from some investment legends as to whether investing in international equities makes sense. For example, I believe John Bogle and Warren Buffett have advised most people to invest in US equities only, whereas Burt Malkiel recommends a healthy allocation to inte...
by Call_Me_Op
Wed Aug 10, 2016 7:06 am
Forum: Investing - Help with Personal Investments
Topic: Are bonds necessary for young investors?
Replies: 58
Views: 3332

Re: Are bonds necessary for young investors?

RJER wrote:Are bond funds necessary to every investor's asset allocation?


"Necessary" is a strong word. Bond funds are probably not "necessary" for anyone.
by Call_Me_Op
Tue Aug 09, 2016 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Are any Bogleheads financial advisors on the side?
Replies: 21
Views: 2731

Re: Are any Bogleheads financial advisors on the side?

Only for my mom, who is in her 80's.
by Call_Me_Op
Mon Aug 08, 2016 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Are Muni Bonds right for me?
Replies: 10
Views: 957

Re: Are Muni Bonds right for me?

If I were to ask a follow-up, it would be what role do you intend these funds to play in your portfolio? Thanks for the reply. For me, these would serve as my bond holdings in taxable. They could also serve as a reserve I could sell in the event I needed cash, but get a decent (read some) return in...
by Call_Me_Op
Mon Aug 08, 2016 12:22 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 84
Views: 7599

Re: How much international stock? A suggestion.

Of course, there are other experts who disagree.
by Call_Me_Op
Mon Aug 08, 2016 12:19 pm
Forum: Personal Consumer Issues
Topic: Bug-proofing an apartment?
Replies: 17
Views: 1492

Re: Bug-proofing an apartment?

Unfortunately, if your neighbors are dirty people who leave food out, you're going to have bugs. That's one downside to living in a multi-family unit. That's unfair. The only type of neighbors that don't have bugs are the ones that liberally apply toxic substances. I'm sorry but what's unfair about...
by Call_Me_Op
Mon Aug 08, 2016 7:16 am
Forum: Investing - Help with Personal Investments
Topic: Are Muni Bonds right for me?
Replies: 10
Views: 957

Re: Are Muni Bonds right for me?

No problem. Just be aware that the expected return is close to the current SEC yield. Also, with longer-term bonds there is significant interest-rate risk. The High-Yield and Long-Term funds will not hold-up as well as the Intermediate-Term fund when the markets become unhinged. If I were to ask a f...
by Call_Me_Op
Mon Aug 08, 2016 7:08 am
Forum: Personal Consumer Issues
Topic: Bug-proofing an apartment?
Replies: 17
Views: 1492

Re: Bug-proofing an apartment?

For the ants try Terro (available at big box stores and other hardware stores). They work wonders. If you decide to use Terro liquid ant bait, be aware that at first it will increase the number of ants you see. Do not kill them yourself. These worker ants will take the bait back to the nest to feed...
by Call_Me_Op
Mon Aug 08, 2016 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Time to worry about Treasury Direct???
Replies: 31
Views: 3846

Re: Time to worry about Treasury Direct???

I see where the OP is coming from. I have never texted a message in my life. But apparently, we are being given no choice.

I have been perfectly happy with TD sending me a verification code by email. Not sure why they need to change that.
by Call_Me_Op
Mon Aug 08, 2016 5:48 am
Forum: Investing - Theory, News & General
Topic: "Yes, You Still Suck at Investing"
Replies: 33
Views: 5563

Re: "Yes, You Still Suck at Investing"

Thanks Taylor. Kind of odd that the under-performance of both the stock and bond markets were exactly the same, 3.66%.
by Call_Me_Op
Mon Aug 08, 2016 5:42 am
Forum: Personal Consumer Issues
Topic: Bug-proofing an apartment?
Replies: 17
Views: 1492

Re: Bug-proofing an apartment?

You cannot seal all openings. Certainly, you can do your best to do this. It would also help to ensure that you leave NO food remnants around. This means keeping all leftover food outside of the apartment or in the fridge. Where you want to be careful is when people start suggesting spraying poisons...
by Call_Me_Op
Sun Aug 07, 2016 6:06 am
Forum: Investing - Help with Personal Investments
Topic: Help for 60 year old
Replies: 11
Views: 1457

Re: Help for 60 year old

Reading some of the above makes me realize just how risk-averse I am. I am in my 50's and can't stomach above 40% in risky investments.
by Call_Me_Op
Fri Aug 05, 2016 8:08 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri's Bond Portfolio
Replies: 29
Views: 4103

Re: Rick Ferri's Bond Portfolio

You do not need wide diversification in bonds is you use very high quality issues. This is related to an ongoing debate between those who favor diversifying across bond risks and those who believe that risk is better rewarded on the equity side and suggest keeping bonds ultra-safe. I am in the latte...

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