Search found 352 matches

by Dead Man Walking
Sun Apr 23, 2017 3:51 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 165
Views: 7202

Re: I don't understand the case for EE bonds

Due to my age and health, I don't have a dog in this fight. However, I recently read an article about the affect of rising interest rates on financing the national debt. If rates were to rise significantly, the cost of financing the national debt would be astronomical. The authors concluded that rat...
by Dead Man Walking
Wed Apr 19, 2017 8:07 pm
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 6108

Re: Is it necessary to diversify across Factors?

DFA, AQR, Powershares, iShares, Vanguard, Schwab, and Pimco RAE Fundamental funds have been mentioned as providers of factor-based funds. Assuming that an investor wanted to diversify across all factors, which funds from these providers would provide maximum diversification? What percentage of equit...
by Dead Man Walking
Mon Apr 17, 2017 10:53 pm
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 6108

Re: Is it necessary to diversify across Factors?

I just want to note that over any given time frame, we don't know which factors might underperform. Diversifying across them can be important over any timeframe, but is perhaps even more important when the timeframe is short! Dave As I understand it, factor based investing is a way to diversify ris...
by Dead Man Walking
Fri Apr 07, 2017 1:10 am
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 9948

Re: nice short piece on the math of factor investing

Larry Swedroe and others, Vanguard defines their Life Strategy Funds as target-risk funds. My limited understanding of factor investing is that it is a way to diversify risk with the possibility of increasing returns. Have any fund providers created funds that combine all factors in all-no-one funds...
by Dead Man Walking
Mon Mar 27, 2017 11:33 pm
Forum: Investing - Theory, News & General
Topic: reviewing the literature on private equity
Replies: 4
Views: 567

Re: reviewing the literature on private equity

I wish all public pension trustees were required to read Swensen and some of the stuff on the Boglehead board. I'm am shocked how little investing acumen sits on some of the largest public pension boards in this country. That being said, even private endowments with a very sophisticated wealth of i...
by Dead Man Walking
Mon Mar 27, 2017 10:35 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3401
Views: 874954

Re: U.S. stocks in freefall

Why is this noise still active! It's 100% bull!

DMW
by Dead Man Walking
Sun Mar 26, 2017 12:56 am
Forum: Investing - Theory, News & General
Topic: S&P Index Funds at Vanguard
Replies: 8
Views: 1196

Re: S&P Index Funds at Vanguard

S&P probably charges more to use their name in the name of a mutual fund. I like their use of a profitability screen in the construction of their indices.

DMW
by Dead Man Walking
Mon Mar 20, 2017 4:09 pm
Forum: Personal Consumer Issues
Topic: Spin scrubbers
Replies: 4
Views: 769

Re: Spin scrubbers

.............. considering buying one of the battery powered spin scrubbers that I have seen advertised on TV. I have seen spin scrubbers by Hurricane and Clorox advertised...... DMW Whenever anyone speaks of products advertised on TV am not sure what exactly they are referring to. Over the years I...
by Dead Man Walking
Sat Mar 18, 2017 10:06 pm
Forum: Personal Consumer Issues
Topic: Spin scrubbers
Replies: 4
Views: 769

Spin scrubbers

Due to several medical problems, I'm considering buying one of the battery powered spin scrubbers that I have seen advertised on TV. I have seen spin scrubbers by Hurricane and Clorox advertised. Has anyone purchased and used a spin scrubber? Please tell me your experience with these gadgets.

DMW
by Dead Man Walking
Mon Mar 13, 2017 6:58 pm
Forum: Investing - Theory, News & General
Topic: Don't let your political views impact your investment strategy
Replies: 28
Views: 3856

Re: Don't let your political views impact your investment strategy

Recently read that defense industry stocks have risen significantly more than the remainder of the S&P 500. May be a current example of speculation based on politics. TSM returns benefit without the risk of speculation.

DMW
by Dead Man Walking
Sat Mar 11, 2017 5:14 pm
Forum: Investing - Theory, News & General
Topic: What if my 403b provider went bankrupt?
Replies: 2
Views: 349

Re: What if my 403b provider went bankrupt?

If you want to see the details of the case, you may be able to access the information at the Court of Common Pleas Summit County Ohio ( http://www.cpclerk.co.summit.oh.us). Case No. 2004-09-5283, Judge Marvin A. Shapiro.

FYI, I lost 10.30% of my investment.

DMW
by Dead Man Walking
Sat Mar 11, 2017 4:25 pm
Forum: Investing - Theory, News & General
Topic: What if my 403b provider went bankrupt?
Replies: 2
Views: 349

Re: What if my 403b provider went bankrupt?

I had a provider that was caught skimming dividends from 403b accounts about 15 years ago. The provider went under and was prosecuted for several violations. The court appointed a special master to sort out the assets of each client. The special master sold all of the mutual funds and placed the pro...
by Dead Man Walking
Tue Feb 28, 2017 4:43 pm
Forum: Investing - Theory, News & General
Topic: Why has growth beaten value recently?
Replies: 33
Views: 4127

Re: Why has growth beaten value recently?

I tilt my equities toward small caps; consequently, I follow the performance of several small cap funds via a model portfolio at Morningstar. The funds that I follow are limited to Vanguard funds, a Fidelity fund my wife holds, and DFA US Small Cap Value I (DFSVX). I use DFSVX as a performance bench...
by Dead Man Walking
Thu Jan 26, 2017 2:14 am
Forum: Investing - Theory, News & General
Topic: Buying CDs from Vanguard
Replies: 1
Views: 739

Buying CDs from Vanguard

Does anyone have experience buying certificates of deposit from Vanguard? If so, please tell me about your experience. What are the advantages and disadvantages? Can they be purchased for a Roth IRA? I'm interested in maturities from 6 months to 3 years. Thanks for your input.

DMW
by Dead Man Walking
Tue Jan 17, 2017 11:32 pm
Forum: Investing - Theory, News & General
Topic: An index isn't an index isn't an index...
Replies: 23
Views: 2628

Re: An index isn't an index isn't an index...

The S&P indexes have a fundamental difference from the others; they are not intended to reflect the whole market, but a subset of companies which meet S&P's criteria. In large-cap, this makes little difference, as almost all large companies are in the S&P 500. But in mid-cap and small-c...
by Dead Man Walking
Tue Jan 17, 2017 4:26 am
Forum: Personal Consumer Issues
Topic: Best DNA genealogy testing kits
Replies: 98
Views: 12759

Re: Best DNA genealogy testing kits

I give talks on genealogy research in my local area and people often ask me about the DNA tests to find out where they came from. Part of my my answer is "If you don't like the results of the test, get tested at one of the other companies that do it and you'll get a different result you might ...
by Dead Man Walking
Mon Jan 16, 2017 11:09 pm
Forum: Investing - Theory, News & General
Topic: Selling Old Coins?
Replies: 20
Views: 1732

Re: Selling Old Coins?

Taylor,

I have about a hundred coins which aren't highly collectable. I considered selling them until I discovered that grading and selling them would be a hassle. I decided to leave them to my heirs. It's my punishment for their past transgressions. Revenge from the grave!

DMW
by Dead Man Walking
Sun Jan 01, 2017 7:08 pm
Forum: Investing - Theory, News & General
Topic: The man vs. machine argument and how thinking can hurt you!
Replies: 26
Views: 2766

Re: The man vs. machine argument and how thinking can hurt you!

I was surprised to see that Vanguard Small Cap Value Index ranked in the 55th percentile. Is its ranking due to the index it tracks?

DMW
by Dead Man Walking
Thu Dec 29, 2016 2:35 am
Forum: Investing - Theory, News & General
Topic: High Dividend Yield Index Fund
Replies: 33
Views: 5121

Re:

SDY yields 3.5%, ER .34%. "This ETF is based on Standard & Poor's High Yield Dividend Aristocrats Index of the 50 highest-yielding stocks in the S&P 1500 index that have increased dividends for at least 25 consecutive years. The index is weighted by yield, which "accentuates the e...
by Dead Man Walking
Thu Dec 29, 2016 2:16 am
Forum: Investing - Theory, News & General
Topic: High Dividend Yield Index Fund
Replies: 33
Views: 5121

Re: High Dividend Yield Index Fund

I'm amazed that the revival of my original post received three times as many responses as my original post. BTW, I didn't invest in the fund.

DMW
by Dead Man Walking
Wed Dec 21, 2016 2:21 am
Forum: Investing - Theory, News & General
Topic: Does janus add value, continuing my series on the performance of the leading active fund families
Replies: 15
Views: 2157

Re: Does janus add value, continuing my series on the performance of the leading active fund families

I always use the lowest cost versions available, so loads would not have been included. American is very disciplined in sticking with their asset classes, no style drift, and low turnover and relatively low costs. So in some ways closer to passive than many active funds. Also don't rely on "st...
by Dead Man Walking
Sat Dec 17, 2016 1:00 am
Forum: Investing - Theory, News & General
Topic: "Is a Robo-Advisor Right for You?"
Replies: 9
Views: 1588

Re: "Is a Robo-Advisor Right for You?"

Yes, there is a point where we can outsmart ourselves and be too clever for our own good. I always said that the key to investing success was buying good stuff and keeping it. The problem is that investors have difficulty determining what the good stuff is. Recent posts on this forum discuss the ad...
by Dead Man Walking
Fri Dec 16, 2016 6:26 pm
Forum: Investing - Theory, News & General
Topic: "Is a Robo-Advisor Right for You?"
Replies: 9
Views: 1588

Re: "Is a Robo-Advisor Right for You?"

Wonder when the algorithms will include factor based funds and/or ETFs. DMW Don't many of them already tilt to small value? (E.g., Betterment, Wealthfront, etc) I don't know how they determine asset allocation. I have visited the Betterment website; however, I didn't complete the registration proce...
by Dead Man Walking
Fri Dec 16, 2016 5:01 pm
Forum: Investing - Theory, News & General
Topic: "Is a Robo-Advisor Right for You?"
Replies: 9
Views: 1588

Re: "Is a Robo-Advisor Right for You?"

Wonder when the algorithms will include factor based funds and/or ETFs.

DMW
by Dead Man Walking
Sun Dec 04, 2016 7:06 pm
Forum: Investing - Theory, News & General
Topic: Nice short Vanguard videos on factor based investing
Replies: 31
Views: 3114

Re: Nice short Vanguard videos on factor based investing

My conclusion: the current offer of factor ETF's/funds for retail investors is sub-par. Factor portfolios require a high degree of customization: what factors to include, how to measure them, how to weight them, and how to avoid imbalanced factor exposure. You have described the crux of the problem...
by Dead Man Walking
Fri Nov 25, 2016 6:07 pm
Forum: Investing - Theory, News & General
Topic: Approaching the S&P 500 like Benjamin Graham
Replies: 13
Views: 2388

Re: Approaching the S&P 500 like Benjamin Graham

Ben may be analyzing factors.

DMW
by Dead Man Walking
Sat Nov 12, 2016 8:49 pm
Forum: Investing - Theory, News & General
Topic: How to model Commodities historical returns pre-2003
Replies: 8
Views: 736

Re: How to model Commodities historical returns pre-2003

CCFs were a hot topic a few years ago. I believe that factor based funds are currently the hot topic.

DMW
by Dead Man Walking
Sat Nov 12, 2016 8:40 pm
Forum: Investing - Theory, News & General
Topic: The performance of trendy mutual funds
Replies: 6
Views: 1007

Re: The performance of trendy mutual funds

Would these trendy funds include factor based funds?

DMW
by Dead Man Walking
Sat Nov 12, 2016 8:30 pm
Forum: Investing - Theory, News & General
Topic: Anybody regretting holding on to your REITS?
Replies: 97
Views: 12656

Re: Anybody regretting holding on to your REITS?

Why doesn't Vanguard include REITs in their Target Retirement Funds? The experts at Vanguard included international bonds in their Target Retirement Funds for the sake of diversification. REITs would seem to add diversification to those funds.

DMW
by Dead Man Walking
Sat Oct 29, 2016 1:27 am
Forum: Investing - Theory, News & General
Topic: Wait until after election to add to Roth IRA?
Replies: 16
Views: 2255

Re: Wait until after election to add to Roth IRA?

Is a delay of 9 days going to make that much of a difference? I'm sure someone can produce some statistics that proves that there were 9 day periods that made astronomical differences in returns. Did they occur after presidential elections since records began? Some of my greatest investment mistakes...
by Dead Man Walking
Wed Oct 19, 2016 1:02 am
Forum: Personal Finance (Not Investing)
Topic: FICO Credit Score went down 36 points because I paid off home and car??
Replies: 15
Views: 2867

Re: FICO Credit Score went down 36 points because I paid off home and car??

I'm retired with no debt and have not opened a new credit account for more than a decade. I pay my balance monthly. My credit rating is around 800 according to my monthly rating on my Discover card statements. I recently charged much more than I usually do. My credit rating jumped 20 points. Go figu...
by Dead Man Walking
Tue Oct 18, 2016 11:18 pm
Forum: Investing - Theory, News & General
Topic: New Ibond variable rate 2.76% on November 1st. Thoughts?
Replies: 87
Views: 14292

Re: New Ibond variable rate 2.76% on November 1st. Thoughts?

Kevin - almost none of this is worth it. An optimally timed and purchased I bond might be equivalent to a 1.5% 1 year CD, say in comparison to a 1% bank CD. After the first year, inflation will likely be back down again and these will be unattractive or at least no better than other options. Given ...
by Dead Man Walking
Sat Oct 08, 2016 1:41 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2596
Views: 675995

Re: What Movie Have You Recently Watched?

Bridget Jones' Baby is an entertaining comedy with some funny dialogue.
by Dead Man Walking
Sat Oct 08, 2016 12:02 am
Forum: Investing - Theory, News & General
Topic: US Housing/mortgage market starting to bubble again?
Replies: 30
Views: 4508

Re: US Housing/mortgage market starting to bubble again?

Many lenders require a 20% down payment to get a mortgage without mortgage insurance, which can be over 10% of the monthly payment. The insurance can be eliminated after 20% equity is achieved; however, the borrower may have to keep track of their equity in order to cancel the mortgage insurance. Th...
by Dead Man Walking
Sun Sep 11, 2016 3:46 pm
Forum: Investing - Theory, News & General
Topic: Those with negative yields on international bonds take heart
Replies: 82
Views: 8523

Re: Those with negative yields on international bonds take heart

I believe that I have read that this is the first time governments have issued bonds with negative interest rates. If I am mistaken, would someone please provide historical data showing the returns from previous periods when rates were negative. Were any international bond funds available to the pub...
by Dead Man Walking
Wed Aug 31, 2016 4:33 pm
Forum: Investing - Theory, News & General
Topic: Sometimes this time really is different
Replies: 41
Views: 5576

Re: Sometimes this time really is different

Central banks are treading in uncharted waters. Sidney Homer and Richard Sylla, the authors of A History of Interest Rates, found no instance of negative rates in 5,000 years. Now there are $11.7 trillion invested in negative-yield sovereign debt, including $7.9 trillion in Japanese government bond...
by Dead Man Walking
Wed Aug 31, 2016 2:44 pm
Forum: Investing - Theory, News & General
Topic: Ric Edelman's The Truth about Retirement on PBS
Replies: 142
Views: 14167

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

Agreed. I have 25 years left on a 3.25% mortgage. It's 100% deductible for me because property and state/local taxes put us well above the standard deduction. I am in zero hurry to pay it off and will very likely hold this mortgage well into retirement. I don't believe in making blanket statements ...
by Dead Man Walking
Sat Aug 27, 2016 12:57 am
Forum: Investing - Help with Personal Investments
Topic: How much PrimeCap vs Total Stk Mkt
Replies: 25
Views: 2125

Re: How much PrimeCap vs Total Stk Mkt

I generally agree with Taylor on most of his posts; however, I don't place any more confidence in the experts at Vanguard than I do in active management. I own a few actively managed Vanguard funds. I monitor their performance as it compares to the appropriate index funds. When they underperfom over...
by Dead Man Walking
Sat Aug 27, 2016 12:01 am
Forum: Investing - Help with Personal Investments
Topic: international bond funds
Replies: 14
Views: 1173

Re: international bond funds

Vanguard Total Bond Mkt Index Adm // Vanguard Tot Intl Bond Ix Admiral YTD 5.52% / 5.91% This is a CCP from the VG site today. You decide, its certainly more diversification. Keep in mind that return comparisons will be a bit apples and oranges. This because the duration of the international bonds ...
by Dead Man Walking
Wed Aug 24, 2016 12:46 am
Forum: Investing - Help with Personal Investments
Topic: Anyone else getting nervous and converting to cash as a short-term move?
Replies: 116
Views: 12361

Re: Anyone else getting nervous and converting to cash as a short-term move?

I have a plan and usually rebalance with new money. If I am in doubt, I usually do nothing. I did convert one investment to cash in late 1998. I had invested in the Janus Fund when Tom Bailey was the manager and continued when Jim Craig took over when Bailey retired. In a quarterly letter to investo...
by Dead Man Walking
Mon Aug 15, 2016 5:41 pm
Forum: Investing - Theory, News & General
Topic: Is BNDX (total international bond) and its utilization in target date funds terrible?
Replies: 85
Views: 7787

Re: Is BNDX (total international bond) and its utilization in target date funds terrible?

Does anyone have total return figures for total international bond funds during a sustained period of rising interest rates? I suspect that many posters have not experienced bond fund returns during such a period.

DMW
by Dead Man Walking
Sat Aug 13, 2016 11:03 pm
Forum: Investing - Theory, News & General
Topic: Robo-advisers
Replies: 6
Views: 945

Re: Robo-advisers

OP Just making sure you realize betterment has an ER of .15 plus whatever the ER of each ETF is. I haven't done the math but their ER is probably closer to .2 total. Not a huge difference but also not insignificant. Thanks for the information. I wasn't aware of that. I wasn't impressed with the Bet...
by Dead Man Walking
Sat Aug 13, 2016 8:55 pm
Forum: Investing - Theory, News & General
Topic: Robo-advisers
Replies: 6
Views: 945

Robo-advisers

The September issue of Consumer Reports has an article discussing new digital platforms that can manage your portfolio. Wealthfront, Betterment, and others are mentioned along with Vanguard's advisory service. Robo-advisers may be useful for investors who want a diversified portfolio that rebalances...
by Dead Man Walking
Sat Aug 13, 2016 1:43 am
Forum: Personal Finance (Not Investing)
Topic: How many credit cards are too many?
Replies: 57
Views: 4450

Re: How many credit cards are too many?

I have 3 credit cards that I use: Master Card, Visa, and Discover. My wife has cards with a few department stores. We pay the balance every month. The department store cards are for special discounts. For example, Kohl's gives special deals to card holders. I use my Visa or Discover card most of the...
by Dead Man Walking
Sat Aug 13, 2016 1:00 am
Forum: Personal Consumer Issues
Topic: Your Credit Score Doesn’t Matter Unless It’s Bad
Replies: 10
Views: 1912

Re: Your Credit Score Doesn’t Matter Unless It’s Bad

My score is over 800. Any company that doesn't give me the best deal can kiss my royal American butt!

DMW
by Dead Man Walking
Sat Aug 13, 2016 12:46 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2596
Views: 675995

Re: What Movie Have You Recently Watched?

MP173 wrote:Not exactly a movie but a series on HBO - "The Night Of". Pretty good.

ed


+1
by Dead Man Walking
Fri Aug 12, 2016 10:10 pm
Forum: Investing - Theory, News & General
Topic: The Case for Index Fund Portfolios
Replies: 39
Views: 6381

Re: The Case for Index Fund Portfolios

The best way to do this study with actual actual index fund portfolios based on index funds that were available to everyone and compare the results to thousands of portfolios composed of actual actively managed funds by using a survivorship-bias free database. We did not simulate the return of any ...
by Dead Man Walking
Mon Aug 08, 2016 11:12 pm
Forum: Personal Consumer Issues
Topic: Car for teenage son
Replies: 61
Views: 5302

Re: Car for teenage son

Whatever you decide about the car, I suggest that you force your son to drive 1,000 miles with you in the passenger seat before he can drive alone or with friends. Consider it a bonding experience. After he gets his driver's license, enroll him in a one day teenage drivers school like the Honda teen...
by Dead Man Walking
Mon Aug 08, 2016 10:08 pm
Forum: Personal Consumer Issues
Topic: Advice on purchasing a new Honda CRV
Replies: 26
Views: 2836

Re: Advice on purchasing a new Honda CRV

Checking prices paid on the websites mentioned above is an excellent starting point. You're buying at the end of the model year which should help. Buying at the end of the calendar month may also save money if the dealer is paying interest on his floor plan and you purchase one in his inventory.

DMW
by Dead Man Walking
Mon Aug 08, 2016 5:46 pm
Forum: Investing - Theory, News & General
Topic: Two types of Value?
Replies: 8
Views: 701

Re: Two types of Value?

One way to address the issue in the literature is to also screen not just for value but profitability/quality as well. That is what DFA has been doing now for a while, as does Bridgeway and AQR, among others. Also DFA has for very long time screened out those lottery tickets and penny stocks and st...

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