Search found 635 matches

by Dead Man Walking
Wed Jul 18, 2018 12:41 am
Forum: Investing - Theory, News & General
Topic: Is Tax-Managed Small Cap (VTMSX) an underrated fund?
Replies: 35
Views: 3663

Re: Is Tax-Managed Small Cap (VTMSX) an underrated fund?

software wrote:
Tue Jul 17, 2018 11:32 pm
Dead Man Walking wrote:
Tue Jul 17, 2018 11:20 pm
I'm surprised that no one posted performance statistics for small cap value vs this fund.

DMW
This isn’t a small cap value fund, so why would that be meaningful?
It may show that small is more significant than value.

DMW
by Dead Man Walking
Tue Jul 17, 2018 11:38 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Know Your Investor Personality
Replies: 26
Views: 2495

Re: Larry Swedroe: Know Your Investor Personality

To put a positive spin on this missive from Swedroe, I think he should write about the "perfect" investor in each category and how that investor behaves and avoids the biases Swedroe listed. :twisted: A written investment policy statement that the investor adheres to is a strong start towards avoid...
by Dead Man Walking
Tue Jul 17, 2018 11:20 pm
Forum: Investing - Theory, News & General
Topic: Is Tax-Managed Small Cap (VTMSX) an underrated fund?
Replies: 35
Views: 3663

Re: Is Tax-Managed Small Cap (VTMSX) an underrated fund?

I'm surprised that no one posted performance statistics for small cap value vs this fund.

DMW
by Dead Man Walking
Sat Jul 14, 2018 12:08 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Know Your Investor Personality
Replies: 26
Views: 2495

Re: Larry Swedroe: Know Your Investor Personality

An important aspect of determining which type of investor one is is the time period one lived through when he/she became an investor. I began investing during the 1970's. Inflation, astronomical interest rates, poor equity returns, and stagflation have greatly influenced my investment behavior. An i...
by Dead Man Walking
Fri Jul 13, 2018 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Shifting from Intermediate to Short-term Bonds
Replies: 11
Views: 1590

Re: Shifting from Intermediate to Short-term Bonds

I've used short-term bonds in my bond allocation because I don't have to take risk. Bonds are for safety, and I choose to take risk on the equity allocation of my portfolio.

DMW
by Dead Man Walking
Fri Jul 13, 2018 1:28 am
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9431

Re: When does frugal cross the line to cheapskate?

When you use cottage cheese rather than ricotta cheese in the lasagna for a family dinner, you are a cheapskate!

DMW
by Dead Man Walking
Wed Jul 11, 2018 12:20 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Diversifying Through Reinsurance And Marketplace Lending Interval Funds
Replies: 50
Views: 3346

Re: Larry Swedroe: Diversifying Through Reinsurance And Marketplace Lending Interval Funds

On another front we spent over three years doing due diligence on SR before approving them. So we could understand all the issues and learn their culture. We are almost done with our due diligence on River North and Pioneer which are possible alternatives. But we take our time. I have invested in s...
by Dead Man Walking
Tue Jul 10, 2018 12:41 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Diversifying Through Reinsurance And Marketplace Lending Interval Funds
Replies: 50
Views: 3346

Re: Larry Swedroe: Diversifying Through Reinsurance And Marketplace Lending Interval Funds

The returns for the two reinsurance funds mentioned in the article were significantly different in the three years that were cited. Pioneer fund (XISLX) 2015: 9.90% 2016: 8.00% 2017: -6.30% Stone Ridge fund (SRRIX) 2015: 7.90% 2016: 6.40% 2017: -11.40% These returns suggest that Pioneer was better t...
by Dead Man Walking
Sun Jul 08, 2018 8:46 pm
Forum: Investing - Theory, News & General
Topic: Morningstar: What to Consider When Picking Multifactor ETFs
Replies: 83
Views: 4970

Re: Morningstar: What to Consider When Picking Multifactor ETFs

My understanding of factor-based investing is that it is a strategy for lowering risk with the possibility of increasing returns. Many investors may be interested in risk adjusted returns. The problem with most multifactor funds is that they have a brief history. Many investors have a "don't tell me...
by Dead Man Walking
Wed Jul 04, 2018 1:58 am
Forum: Investing - Theory, News & General
Topic: Lump Sum Investing Put Simply
Replies: 16
Views: 1075

Re: Lump Sum Investing Put Simply

I've never had a significant lump sum to invest. Many investors never have a significant lump sum to invest; consequently, they are DCA investors due to their investment situation. The best strategy is to invest regularly based on their asset allocation. The minority who have a significant sum to in...
by Dead Man Walking
Mon Jul 02, 2018 8:11 pm
Forum: Investing - Theory, News & General
Topic: Do Advisers Add $$$ Value?
Replies: 71
Views: 5467

Re: Do Advisers Add $$$ Value?

I think the question “Do advisors add value?” Is a near meaningless question on a population basis. It is a very important question for each individual investor. The reason is that the potential value added depends on the individual investor’s unique personal circumstance: knowledge, behavior, inte...
by Dead Man Walking
Fri Jun 22, 2018 11:57 pm
Forum: Investing - Theory, News & General
Topic: AQR throws a bit of shade at CAPE
Replies: 19
Views: 2066

Re: AQR throws a bit of shade at CAPE

I read an article in my local newspaper (probably AP sourced) about the effects of the recently proposed tariffs that stated that the tariffs would have a lesser effect on small caps than large caps because they were local businesses that predominantly did business within their home country. I don't...
by Dead Man Walking
Wed Jun 20, 2018 12:18 am
Forum: Investing - Theory, News & General
Topic: General Electric booted from Dow Jones Industrial Average
Replies: 52
Views: 6368

Re: General Electric booted from Dow Jones Industrial Average

I thought Jack Welch was a genious. What happened?

DMW
by Dead Man Walking
Wed Jun 20, 2018 12:11 am
Forum: Investing - Theory, News & General
Topic: Debt Song Not a Pretty Tune
Replies: 5
Views: 1601

Re: Debt Song Not a Pretty Tune

Garland Whizzer, Thanks for the link. Your post probably hasn't had many responses because a response may delve into the political realm forbidden by the forum. I have converted some tIRA assests to Roth IRA assets because I thought that deficits and the national debt would necessarily mean higher t...
by Dead Man Walking
Mon Jun 18, 2018 11:37 pm
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 127
Views: 10317

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

I've never listened to Ramsey's show; however, I've read his column in my local newspaper. One of our local Edward Jones agents also writes a column for the local newspaper. When it comes to investing, the Edward Jones agent offers much better information. She discusses asset allocation, time frames...
by Dead Man Walking
Sun Jun 17, 2018 2:14 am
Forum: Investing - Theory, News & General
Topic: Our interview with Taylor Larimore
Replies: 17
Views: 3801

Re: Our interview with Taylor Larimore

Although I have had minor disagreements with Taylor over the years, there is no one who posts here for whom I have more respect. He is consistent with his advice, and the vast majority of investors would benefit from following his advice. I can only hope to achieve the success that he has achieved. ...
by Dead Man Walking
Sun Jun 17, 2018 1:31 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Rediscovering The Size Effect
Replies: 36
Views: 3626

Re: Larry Swedroe: Rediscovering The Size Effect

I've followed the 15 year returns of funds at Morningstar for over a decade and most of the time small caps have outperformed mid caps and large caps. Consequently, I have tilted toward small caps. From my unscientific comparisons, the argument for value over growth depends more on which of them is ...
by Dead Man Walking
Thu Jun 14, 2018 12:31 am
Forum: Investing - Theory, News & General
Topic: Low inflation caused by e-commerce?
Replies: 15
Views: 1943

Re: Low inflation caused by e-commerce?

My purchase of a John Deere lawn tractor in April, 2004, and in again in July, 2017, is an example of a consumer purchase that reflects low inflation. In April, 2004, I purchased a John Deere L110 lawn tractor at a local John Deere dealership for $1,799. In July, 2017, I purchased a John Deere D130 ...
by Dead Man Walking
Wed Jun 13, 2018 9:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 49
Views: 8547

Re: Vaguard - You'll need to sign up for security codes soon

When I close my browser, I delete all cookies; consequently, the next time I log on to the Vanguard site, a message states that Vanguard doesn't recognize my computer and requires that I answer security questions. My bank requires that I receive a security code via email, text, or voice message. It'...
by Dead Man Walking
Tue Jun 05, 2018 9:38 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Illiteracy’s High Cost
Replies: 30
Views: 3881

Re: Larry Swedroe: Financial Illiteracy’s High Cost

The public school curriculum often offers academic options geared either toward college prep or vocational training. Neither of them actually offer courses in financial literacy. I doubt that most high school seniors would retain the information that a financial literacy course would provide; howeve...
by Dead Man Walking
Sun Jun 03, 2018 9:01 pm
Forum: Personal Consumer Issues
Topic: Interior painting - Sherwin Williams color recommendations
Replies: 28
Views: 2336

Re: Interior painting - Sherwin Williams color recommendations

Perception of color varies greatly from person to person. I did extremely well on an extensive color test given by the Navy. I can distinguish subtle differences in color much better than my wife. My solution is to go with the color she chooses!

DMW
by Dead Man Walking
Sun Jun 03, 2018 8:50 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 16795

Re: Top Shelf Liquor Overrated?

One thing that I have noticed is that the quality of the liquor can vary from one bottle of a brand to the next bottle of the same brand. I drink Irish whiskey neat and have bought Bushmills, Jameson, and Tullamore Dew to indulge my habit. I've noticed variations in the quality from bottle to bottle...
by Dead Man Walking
Fri Jun 01, 2018 12:35 am
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 16795

Re: Top Shelf Liquor Overrated?

Once a brand becomes "the latest and the greatest" the quality is sure to suffer. A recent example in my experience is Angel's Envy bourbon, which is aged in port wine barrels. I received a bottle as a gift a few years ago and found it to be a pleasant bourbon to drink neat. According to my local li...
by Dead Man Walking
Thu May 24, 2018 12:26 am
Forum: Investing - Theory, News & General
Topic: Why do "traditional slice-and-dice" portfolios split 50/50 between value and blend?
Replies: 13
Views: 1044

Re: Why do "traditional slice-and-dice" portfolios split 50/50 between value and blend?

Investor shares of Vanguard Small Cap Value Index Fund has an 8.70% average annual return and a cumulative return of 427.79% since inception on 5/21/1998; investor class shares of Vanguard Small Cap Growth Index Fund has an 8.74% average annual return and a cumulative return of 432.06% since incepti...
by Dead Man Walking
Wed May 23, 2018 10:30 pm
Forum: Investing - Theory, News & General
Topic: Morningstar's new posting rules
Replies: 16
Views: 1259

Re: Morningstar's new posting rules

I'm sure the Morningstar forum appreciates Taylor's posts as much as we do here. I have not posted there since I joined this forum. Unfortunately, Bogleheads are subjected to my meanderings!

DMW
by Dead Man Walking
Fri May 18, 2018 4:19 pm
Forum: Investing - Theory, News & General
Topic: Bank Interest Rates — when will they go up?
Replies: 27
Views: 3431

Re: Bank Interest Rates — when will they go up?

We must remember that a million minutes is about 12 days; a billion minutes is about 34 years. I assume you meant a million seconds is 12 days? Thanks for correcting my error. It's further proof that most people have difficulty conceptualizing millions and billions - which was the point I was attem...
by Dead Man Walking
Fri May 18, 2018 12:53 am
Forum: Investing - Theory, News & General
Topic: Does your value fund own the wrong value stocks?
Replies: 25
Views: 3082

Re: Does your value fund own the wrong value stocks?

None of the advocates factor-based investing responded to this thread. Since value is one of the factors that is frequently discussed by them, I decided to bump this thread in hopes of gaining their perspective on veiled value.

DMW
by Dead Man Walking
Thu May 17, 2018 11:21 pm
Forum: Investing - Theory, News & General
Topic: Bank Interest Rates — when will they go up?
Replies: 27
Views: 3431

Re: Bank Interest Rates — when will they go up?

A small local brick and mortar bank in my area is offering 1.51% on new money market accounts with a minimum deposit of $20,000. The rate is guaranteed through July, 2019. They also offer competitive rates on CDs ranging from 1-3 years with $2,500 minimum requirements. Another local bank offers CDs ...
by Dead Man Walking
Tue May 15, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: Do people in the forum hold foreign bonds?
Replies: 69
Views: 6312

Re: Do people in the forum hold foreign bonds?

Vanguard chose to include international bonds in their Life Strategy Funds about the time that I was considering investing in one to simplify my portfolio. I read the Vanguard paper cited above and decided further investigation was warranted before I invested. My research lead me to papers that poin...
by Dead Man Walking
Mon May 14, 2018 11:50 pm
Forum: Investing - Theory, News & General
Topic: Two- Factor Authentication at Vanguard - Update
Replies: 41
Views: 9192

Re: Two- Factor Authentication at Vanguard - Update

I'm an old school internet user. My Internet Explorer and Chrome browsers delete all cookies when I close them. Consequently, when I log on to my Vanguard account, I am prompted to receive a one time code via email, text, or voice message since my computer was not recognized. I always choose to rece...
by Dead Man Walking
Mon May 14, 2018 11:00 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe’s New Book Available: Reducing Risk Of Black Swans
Replies: 130
Views: 14398

Re: Larry Swedroe’s New Book Available: Reducing Risk Of Black Swans

Having read the posts in this thread, I am reminded of Alvin Toffler's Future Shock which was a best seller in 1970. I think investors have been overwhelmed by the proliferation of information in the 21st century. I enjoy Larry Swedroe's theories; however, I have two problems with them: One is the s...
by Dead Man Walking
Mon May 14, 2018 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Sports Betting Opportunities
Replies: 25
Views: 2120

Re: Investing in Sports Betting Opportunities

Illegal sports betting is estimated to be $150 billion per year. Unless the states permit sports betting in local communities much like they do with lotteries, I doubt that legalization will have much of an affect on sports betting. Those who frequent casinos and/or racetracks will probably bet lega...
by Dead Man Walking
Mon May 14, 2018 1:49 am
Forum: Investing - Theory, News & General
Topic: Savings Bond Wizard to be eliminated 5/18
Replies: 68
Views: 12524

Re: Savings Bond Wizard to be eliminated 5/18

And I can't see any possible reason anyone would want to have paper bonds unless they had some special very non-standard needs. Who says you need a reason. Some of us old coots prefer Savings Bonds the way they were always meant to be. We might have to hold our stocks and bonds in electronic book s...
by Dead Man Walking
Mon May 14, 2018 12:59 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market instead of bond fund
Replies: 40
Views: 5264

Re: Vanguard Prime Money Market instead of bond fund

If you trust Vanguard's website for total returns, you will notice that the total return for Prime Money Market has been higher than Total Bond Market Fund for the last year. I can't make an argument against the time in the market is better than the timing the market argument; however, the bond mark...
by Dead Man Walking
Fri May 11, 2018 1:58 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3602
Views: 1027605

Re: What Movie Have You Recently Watched?

Brimstone was good due to the way that the plot was revealed. It actually was revealed in reverse chronological order. I enjoyed the presentation more than the actual plot; however, I enjoyed Dakota Fanning's performance as the protagonist. Her character was a strong woman which seems to be a theme...
by Dead Man Walking
Mon May 07, 2018 7:42 pm
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 175
Views: 16833

Re: most compelling TV character ever

Most compelling TV character ever has to be Archie Bunker. There is no way that he could be the main character in a mainstream TV show in this century! Meathead and George Jefferson were terrific antagonists.

DMW
by Dead Man Walking
Mon May 07, 2018 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Am I the Only One That Has Trouble Reading the Vanguard Online Entries
Replies: 6
Views: 909

Re: Am I the Only One That Has Trouble Reading the Vanguard Online Entries

Good Listener wrote:
Mon May 07, 2018 6:48 pm
I feel your pain. That's why I continue to be a dinosaur and resist the Vanguard brokerage account and continue my mutual funds only account.
+1 :sharebeer
by Dead Man Walking
Mon May 07, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Small Cap Blend vs Small Cap Value
Replies: 12
Views: 1440

Re: Small Cap Blend vs Small Cap Value

In my 401k I am fortunate enough to have a few Vanguard funds on offering - enough to build a portfolio I'm happy with. Right now my equities are in VFIAX and VGTSX. I don't have Vanguard small cap value offered as an option, but I DO have Vanguard small cap blend - VSMAX. Given the fairly consiste...
by Dead Man Walking
Fri May 04, 2018 11:22 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Factors In Fixed Income
Replies: 30
Views: 2817

Re: Larry Swedroe: Factors In Fixed Income

Theoretical, The expected after expenses and after tax return on the two AQR funds mentioned in the article are quite a bit higher than CDs and savings accounts. Moreover, they are basically uncorrelated to everything. Dave Would you please document the performance of the two AQR funds. Show us the...
by Dead Man Walking
Wed May 02, 2018 11:50 pm
Forum: Investing - Theory, News & General
Topic: NAESX - is not really Small Cap?! [Vanguard Small-Cap Index]
Replies: 41
Views: 3858

Re: NAESX - is not really Small Cap?!

heyyou wrote:
Wed May 02, 2018 5:54 pm
As usual, the intersection of theory and the real world is messy and imprecise.
+1 :sharebeer

I prefer to judge every market segment by the retail mutual funds which claim to invest in them.

DMW
by Dead Man Walking
Tue May 01, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Asked to be Executor - What questions to ask
Replies: 39
Views: 3626

Re: Asked to be Executor - What questions to ask

Google search the topic. I did when I served as the executor of my mother's estate. There are several sites that provide the details about serving as an executor.

DMW
by Dead Man Walking
Tue May 01, 2018 12:21 am
Forum: Investing - Theory, News & General
Topic: Mental elasticity as you age & free choice paradigm
Replies: 17
Views: 3099

Re: Mental elasticity as you age & free choice paradigm

I've dealt with the mental decline of my parents, mother-in-law, and an aunt. Dead Man Walking....sounds pretty tough. It also sounds like you have been a good son, and a good husband. Can you share some specifics on, As a septuagenarian, I have begun to foster relationships with my son and nephews...
by Dead Man Walking
Mon Apr 30, 2018 1:33 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy
Replies: 29
Views: 2858

Re: Whole Life Policy

Going back to the PAU, is there a way to decouple the two? Can you cash out just the PAU, either by taking the amounts you've already bought out, or taking the funds you'd be buying future PAUs and putting those into alternative investments? What's worth more (returnwise), the core WL policy cash v...
by Dead Man Walking
Sun Apr 29, 2018 11:05 pm
Forum: Investing - Theory, News & General
Topic: Mental elasticity as you age & free choice paradigm
Replies: 17
Views: 3099

Re: Mental elasticity as you age & free choice paradigm

I've dealt with the mental decline of my parents, mother-in-law, and an aunt. The lessons learned from these experiences have been that some elderly people refuse to admit that their faculties are in decline. My mother also learned from these experiences and turned over the management of her affairs...
by Dead Man Walking
Thu Apr 26, 2018 2:50 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy
Replies: 29
Views: 2858

Re: Whole Life Policy

I have heard of a life insurance salesperson make reference to "paid up" for a WL policy.... when in fact it would never be "paid up". A bit shady, but I suspect they like to imply that there will be a time as which the policy is self supporting... or the premiums come out of the cash value.. .but ...
by Dead Man Walking
Wed Apr 25, 2018 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy
Replies: 29
Views: 2858

Re: Whole Life Policy

Is there a good rule of thumb for the relative value of PUA's on a whole life policy which is fully paid up on a healthy insured at age 66? Does a rising interest rate environment color such a calculation? The current dividend is 2.25 percent. If the policy is paid in full at age 66, I don't believ...
by Dead Man Walking
Wed Apr 25, 2018 7:15 pm
Forum: Investing - Theory, News & General
Topic: An Article Claiming Vanguard Will Be Responsible For The Next Bear Market
Replies: 29
Views: 4831

Re: An Article Claiming Vanguard Will Be Responsible For The Next Bear Market

Most workers are dumping money into a retirement account of some sort. The ones I know wish Vanguard funds were on the list of choices for their plan. Fidelity, American, etc. should also be listed as culprits.

DMW
by Dead Man Walking
Wed Apr 25, 2018 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: What happens when you speak in TICKER language.
Replies: 139
Views: 12866

Re: A Rant about Ticker Speak

Please forgive the rant friendly reminder. :happy The amount of ticker speak has increased a lot recently. Every time tax loss harvesting threads start popping up, so do the instances of ticker speaking. Example - "I want to harvest losses in AAAAX. Can I use BBBBX as a partner?" And for some reaso...
by Dead Man Walking
Tue Apr 24, 2018 12:49 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: How Investors Undermine Returns
Replies: 8
Views: 1833

Re: Larry Swedroe: How Investors Undermine Returns

livesoft wrote:
Mon Apr 23, 2018 1:39 pm
OK, but should I sell my REIT index fund now at a loss? Or buy more? :twisted:
You should have sold slightly before it peaked and should consider buying it back now that it is on the downside. Obviously you are a poor market timer! :oops: :wink:

DMW
by Dead Man Walking
Tue Apr 24, 2018 12:34 am
Forum: Investing - Theory, News & General
Topic: Vanguard factor funds slow to catch on
Replies: 58
Views: 6242

Re: Vanguard factor funds slow to catch on

These funds will attract assets when their performance warrants it. Money talks and bs walks!

DMW