Search found 87 matches

by Jiu Jitsu Fighter
Fri Apr 13, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: Can Big Tech Stocks Grow Without Limits?
Replies: 38
Views: 2989

Re: Can Big Tech Stocks Grow Without Limits?

It reminds me of the talk of the "new economy" in the 90's. You could walk through the cube farm and invariably find someone who would be looking at a stock chart. And then, we realized we couldn't get rich by selling our tech stocks to each other. Also, what boom? The NASDAQ recovered only recentl...
by Jiu Jitsu Fighter
Wed Apr 11, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: The Two Fund Portfolio
Replies: 34
Views: 4550

Re: The Two Fund Portfolio

(1.a.) Do you think a factor-tilted portfolio should have any exposure to market beta? Just curious, how would one be able to have an allocation to equity that did not have any exposure to beta? Is that even possible? Yes, long/short funds. Probably, the most efficient way to achieve factor exposur...
by Jiu Jitsu Fighter
Wed Apr 11, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: The Two Fund Portfolio
Replies: 34
Views: 4550

Re: The Two Fund Portfolio

(1.a.) Do you think a factor-tilted portfolio should have any exposure to market beta? Just curious, how would one be able to have an allocation to equity that did not have any exposure to beta? Is that even possible? Yes, long/short funds. Probably, the most efficient way to achieve factor exposur...
by Jiu Jitsu Fighter
Wed Apr 11, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: The Two Fund Portfolio
Replies: 34
Views: 4550

Re: The Two Fund Portfolio

This was more of a theoretical exercise to challenge the notion of the three fund portfolio as being the ultimate buy-and-hold pirtfolio for those that want to receive maximum diversification while keeping it as simple as possible (or for some, the only portfolio anyone should consider). My argument...
by Jiu Jitsu Fighter
Mon Apr 09, 2018 10:59 pm
Forum: Investing - Theory, News & General
Topic: The Two Fund Portfolio
Replies: 34
Views: 4550

Re: The Two Fund Portfolio

If I were buying a 2 fund portfolio, I'd use the Vanguard Global Equity fund (Ticker VHGEX or the EFT: VT) and an intermediate-term US bond fund (there are several to choose from). All else adds too much cost and complexity that I do not want or need. Rick, I understand your argument about just usi...
by Jiu Jitsu Fighter
Mon Apr 09, 2018 3:47 pm
Forum: Investing - Theory, News & General
Topic: The Two Fund Portfolio
Replies: 34
Views: 4550

Re: The Two Fund Portfolio

If I were buying a 2 fund portfolio, I'd use the Vanguard Global Equity fund (Ticker VHGEX or the EFT: VT) and an intermediate-term US bond fund (there are several to choose from). All else adds too much cost and complexity that I do not want or need. Rick, I understand your argument about just usi...
by Jiu Jitsu Fighter
Mon Apr 09, 2018 3:38 pm
Forum: Investing - Theory, News & General
Topic: The Two Fund Portfolio
Replies: 34
Views: 4550

Re: The Two Fund Portfolio

Factors are a type of selection algorithm. Why do these selections exist? An obvious answer is that they are based on historical performance. That runs up against the investing principle that says historical result does not indicate future performance. World stock index ETFs are already available f...
by Jiu Jitsu Fighter
Mon Apr 09, 2018 3:32 pm
Forum: Investing - Theory, News & General
Topic: The Two Fund Portfolio
Replies: 34
Views: 4550

Re: The Two Fund Portfolio

OP has proposed using a multifactor global fund as the entire equity portion of a person’s portfolio. I have a few questions to help evaluate the proposal: (1.a.) Do you think a factor-tilted portfolio should have any exposure to market beta? Depends. If the factor-tilted portfolio comprises one's ...
by Jiu Jitsu Fighter
Mon Apr 09, 2018 2:21 pm
Forum: Investing - Theory, News & General
Topic: The Two Fund Portfolio
Replies: 34
Views: 4550

The Two Fund Portfolio

I realize that some have suggested that the 3-fund portfolio could be simplified by using a total world index fund along with a bond fund which I would prefer over the 3-funder if I didn't tilt and use factors (I know the expense ratio is slightly higher than the three fund portfolio, but isn't the ...
by Jiu Jitsu Fighter
Wed Mar 21, 2018 12:52 am
Forum: Investing - Theory, News & General
Topic: Got a Question for the Experts Panel at the Bogleheads Conference?
Replies: 11
Views: 3392

Re: Got a Question for the Experts Panel at the Bogleheads Conference?

Dr. Bill Bernstein: 1. You advocate for a small allocation to precious metal stocks for those who could stomach a very long time of portfolio drag. Since we saw that during the last PM bull market 2000-2011, the metals themselves greatly outperformed an indices of PM stocks due to poor management / ...
by Jiu Jitsu Fighter
Wed Mar 14, 2018 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio vs. total world stock + bond fund
Replies: 20
Views: 2399

Re: 3 fund portfolio vs. total world stock + bond fund

Has anyone given any thought to the iShares multi factor world ETF (ACWF)? I've thought about this for a replacement of the three fund portfolio (although I'm not a three-funder). You get exposure to all of the factors. It's global, so you don't have to rebalance on the stock side. I would combine ...
by Jiu Jitsu Fighter
Sun Mar 11, 2018 11:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard New Factor Funds Portfolio Statistics
Replies: 92
Views: 10809

Re: Vanguard New Factor Funds Portfolio Statistics

Vanguard U.S. Momentum Factor Pos#s VFMO P/PE P/B ROA ROE PEG Yield Avg Mkt Cap LCV LCB LCG MCV MCB MCG SCV SCB SCG 001-200 $5,740,296.71 21.13 5.57 6.28% 35.33% 15.24% 0.87% $28,812,870,000.00 11 14 37 3 5 16 1 4 9 201-400 $2,211,797.21 20.29 4.27 -4.19% 11.87% 13.71% 0.44% $3,416,090,000.00 1 2 2...
by Jiu Jitsu Fighter
Fri Mar 09, 2018 7:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard New Factor Funds Portfolio Statistics
Replies: 92
Views: 10809

Re: Vanguard New Factor Funds Portfolio Statistics

jhfenton wrote:
Thu Mar 08, 2018 1:14 pm
I'm going to do the multi-factor fund next. It's probably the only other one I care enough about.
Any chance you'd have interest in tackling the momentum one?
by Jiu Jitsu Fighter
Fri Mar 09, 2018 7:15 pm
Forum: Investing - Theory, News & General
Topic: Vanguard New Factor Funds Portfolio Statistics
Replies: 92
Views: 10809

Re: Vanguard New Factor Funds Portfolio Statistics

Very Awesome work jhfenton. Thanks for putting in the time. Let's keep these threads going until the volume improves. I imagine we'll see exponential growth in these funds, especially the multifactor fund/ETF barring a market crash. As much as I respect Larry Swedroe, he'll be saying, "for Christ's ...
by Jiu Jitsu Fighter
Mon Mar 05, 2018 8:35 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe’s New Book Available: Reducing Risk Of Black Swans
Replies: 127
Views: 12333

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

Was reading some of the comments and thought I would clarify a few things that might be helpful ... Best wishes, and always happy to answer emails or even PMs. Welcome back Larry! Can't wait to read the new book. The original was excellent. You and Robert T are my two favorite contributors. I sure ...
by Jiu Jitsu Fighter
Fri Mar 02, 2018 5:48 pm
Forum: Investing - Theory, News & General
Topic: Peter Schiff Promotes Dividends to Protect Against Speculative Market Valuations
Replies: 22
Views: 2832

Re: Peter Schiff Promotes Dividends to Protect Against Speculative Market Valuations

What is your issue with the oldest school of economic thought? I didn't hear any keynesian/neoclassical economists pounding the table about a looming housing bubble in 2006. They still think the Phillips curve is legit. The 70s, the 90s, and the 2010s have debunked the relationship of inflation and...
by Jiu Jitsu Fighter
Fri Mar 02, 2018 12:08 pm
Forum: Investing - Theory, News & General
Topic: Peter Schiff Promotes Dividends to Protect Against Speculative Market Valuations
Replies: 22
Views: 2832

Re: Peter Schiff Promotes Dividends to Protect Against Speculative Market Valuations

I didn't hear any keynesian/neoclassical economists pounding the table about a looming housing bubble in 2006. Paul Krugman did articles in 2005 talking about the housing bubble: some people still deny that there's a housing bubble. Let me explain how we know that they're wrong. http://www.nytimes....
by Jiu Jitsu Fighter
Thu Mar 01, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: Peter Schiff Promotes Dividends to Protect Against Speculative Market Valuations
Replies: 22
Views: 2832

Re: Peter Schiff Promotes Dividends to Protect Against Speculative Market Valuations

Peter Schiff has a good understanding of macroeconomics. Yeah gotta love those austrian economics. What is your issue with the oldest school of economic thought? I didn't hear any keynesian/neoclassical economists pounding the table about a looming housing bubble in 2006. They still think the Phill...
by Jiu Jitsu Fighter
Tue Feb 27, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: Peter Schiff Promotes Dividends to Protect Against Speculative Market Valuations
Replies: 22
Views: 2832

Re: Peter Schiff Promotes Dividends to Protect Against Speculative Market Valuations

Peter Schiff has a good understanding of macroeconomics. However, his knowledge regarding investing and capital markets is horrific. He had his clients in foreign stocks, gold mining stocks, and oil stocks for the past ten years. So basically he runs a broker-dealer that would have had you in some o...
by Jiu Jitsu Fighter
Fri Feb 23, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Small Personal Loans for Mixed Martial Arts Training
Replies: 34
Views: 2671

Re: Small Personal Loans for Mixed Martial Arts Training

You shouldn't have to fork over $1,500 all at once. If so, check out a local collegiant wrestling team and see if you can work out with them for free or for scrubbing the mats. I beat people up for free in my basement. The whole commercialization of BJJ and the belt system is ridiculous. There is no...
by Jiu Jitsu Fighter
Thu Feb 15, 2018 4:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard US Multifactor Funds Launch
Replies: 30
Views: 4573

Re: Vanguard US Multifactor Funds Launch

FYI - You are able to look at the each of fund's holdings and expense ratios online now. Of course, keeping with Vanguard's tradition, no factor-based international funds. I tilt to SCV and plan on keeping it that way. These funds don't add anything special. With existing VMVAX/VOE, VSIAX/VBR and VI...
by Jiu Jitsu Fighter
Thu Feb 15, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value Benchmarks (related to Mid cap,too)
Replies: 13
Views: 1157

Re: Small Cap Value Benchmarks (related to Mid cap,too)

What is nice is that there is no overlap between the S&P 600 value (VIOV, IJS) and the CRSP mid-cap value (VMVAX/VOE) indicies. The mid-cap index is more valuey, but you obviously pick up more of the size factor with the small-cap value.
by Jiu Jitsu Fighter
Sat Dec 16, 2017 7:37 pm
Forum: Investing - Theory, News & General
Topic: Is anyone putting money aside into Gold?
Replies: 147
Views: 13934

Re: Is anyone putting money aside into Gold?

Gold here - target weight is 5% (roughly half physical, half in ETF - IAU for ease of rebalancing) although use wide trading bands. Not popular at all on this board as in anything that veers from the three-fund portfolio. You don't need Armageddon to benefit from ownership, but don't expect to get r...
by Jiu Jitsu Fighter
Thu Nov 02, 2017 9:56 pm
Forum: Investing - Theory, News & General
Topic: Expanding on The Rewards Of Multiple Asset Class Investing
Replies: 44
Views: 4322

Re: Expanding on The Rewards Of Multiple Asset Class Investing

Great post. The 3-fund portfolio looks great after a huge bull market. Owning a decent portion of value stocks during the 2000-2002 bear market made it way more tolerable. I thought that period was more psychologically distressful than the 2008 plummet even though my investible assets were much more...
by Jiu Jitsu Fighter
Fri Oct 27, 2017 5:05 pm
Forum: Investing - Theory, News & General
Topic: Has Anyone Read The Fama Portfolio: Selected Papers of Eugene F. Fama?
Replies: 5
Views: 1174

Re: Has Anyone Read The Fama Portfolio: Selected Papers of Eugene F. Fama?

jbranx wrote:
Fri Oct 27, 2017 2:31 pm
I just ordered a copy from Amazon after reading the contents from the U. of Chicago book site. They say an electronic edition will be published.

http://press.uchicago.edu/ucp/books/boo ... 25408.html
Nice! Please provide a review to the group if you get a chance.
by Jiu Jitsu Fighter
Fri Oct 27, 2017 2:02 pm
Forum: Investing - Theory, News & General
Topic: Has Anyone Read The Fama Portfolio: Selected Papers of Eugene F. Fama?
Replies: 5
Views: 1174

Has Anyone Read The Fama Portfolio: Selected Papers of Eugene F. Fama?

Amazon has the book for $100. Probably going to request the library to get it. Looks like to no surprise, a lot of Chicago School guys are editors/introduction writers/etc... Very interested in reading the book, but can't justify dropping $100 on it unless the reviews are stellar from finance geeks....
by Jiu Jitsu Fighter
Tue Oct 17, 2017 9:58 pm
Forum: Investing - Theory, News & General
Topic: Gold ETF
Replies: 32
Views: 3801

Re: Gold ETF

oldzey wrote:
Tue Oct 17, 2017 8:29 pm
Investment vs. speculation. Productivity vs. price.

Warren Buffett has a good story about gold: https://www.youtube.com/watch?v=YuJBMVz5DLQ
His story seems inconsistent with the fact that he bought 130 million ounces of silver in 1997.
by Jiu Jitsu Fighter
Fri Sep 22, 2017 4:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Please Offer a Gold ETF
Replies: 96
Views: 6600

Re: Vanguard: Please Offer a Gold ETF

This is why... (correlation matrix) https://www.portfoliovisualizer.com/asset-correlations?s=y&symbols=VTI%2C+IAU%2C+VGPMX&endDate=09%2F20%2F2017&timePeriod=1&numTradingDays=60 Vanguard likes to create funds for asset classes/sectors. Precious Metals are a legitimate asset class. Correlation in you...
by Jiu Jitsu Fighter
Thu Sep 21, 2017 4:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Please Offer a Gold ETF
Replies: 96
Views: 6600

Re: Vanguard: Please Offer a Gold ETF

jhfenton wrote:
Thu Sep 21, 2017 1:29 pm
1. EM ex-China
2. International Value Index
3. International Small Value
4. EM Value
5. China
1. Global Small-Value (including US) Fund
2. Gold Bullion Fund
3. Global Multi-Factor Fund

No chance at these, though.
by Jiu Jitsu Fighter
Thu Sep 21, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Please Offer a Gold ETF
Replies: 96
Views: 6600

Re: Vanguard: Please Offer a Gold ETF

This is why... (correlation matrix) https://www.portfoliovisualizer.com/asset-correlations?s=y&symbols=VTI%2C+IAU%2C+VGPMX&endDate=09%2F20%2F2017&timePeriod=1&numTradingDays=60 Vanguard likes to create funds for asset classes/sectors. Precious Metals are a legitimate asset class. Correlation in you...
by Jiu Jitsu Fighter
Fri Sep 01, 2017 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo
Replies: 108
Views: 19900

Re: Wells Fargo

I banked with Wells years ago and a close friend worked there for about 10 years. I would not bank with Fargo if they were the last bank left. Agreed. And Vanguard has an issue with them as well as was shown during the most recent proxy vote. https://www.reuters.com/article/us-wellsfargo-accounts-v...
by Jiu Jitsu Fighter
Thu Aug 31, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation account placement help
Replies: 7
Views: 697

Re: Asset allocation account placement help

I am in the process of transferring my investment accounts that were invested in America Funds Group MF's with Wells Fargo to Vanguard MF's. Probably one of the best decisions you'll make. Avoid the advisor fee, upfront sales charges on AF mutual funds, the higher expense ratios, and all of the ins...
by Jiu Jitsu Fighter
Sun Aug 27, 2017 6:05 am
Forum: Investing - Theory, News & General
Topic: Review with Me - Larry Swedroe's new book
Replies: 160
Views: 9149

Re: Two books to review

True to my word, I went to Amazon.com and bought Your Complete Guide to Factor-Based Investing by Andrew L. Berkin and Larry E. Swedroe. It arrived yesterday, and I started on it last night. So far, so good. I have been skipping around through the book. Please join me in reviewing the book. It will...
by Jiu Jitsu Fighter
Fri Jul 21, 2017 12:45 pm
Forum: Investing - Theory, News & General
Topic: Cryptocurrencies
Replies: 50
Views: 5577

Re: Cryptocurrencies

I'm a big fan of cryptocurrencies and blockchain even more so. I will read any book/white paper about the subject. That said, I own none of the currencies nor have attempted to mine them. I agree with Robert T that this very similar to the Nasdaq bubble. Likewise, years after the crash, IMO, there w...
by Jiu Jitsu Fighter
Wed Jul 19, 2017 12:58 pm
Forum: Investing - Theory, News & General
Topic: Stocks just got cheaper... per Vanguard [sudden change in Vanguard fund P/Es]
Replies: 29
Views: 5022

Re: Stocks just got cheaper... per Vanguard [sudden change in Vanguard fund P/Es]

It was the huge drop in some of the funds that I found peculiar. I believe that the small-cap growth had a P/E around 121x and now has a P/E of 27.9x. It'd be difficult to explain that away by earnings growth alone. Granted P/E's of index funds went bonkers in 2008, but that was mainly driven by gi...
by Jiu Jitsu Fighter
Wed Jul 19, 2017 12:50 pm
Forum: Investing - Theory, News & General
Topic: Stocks just got cheaper... per Vanguard [sudden change in Vanguard fund P/Es]
Replies: 29
Views: 5022

Re: Stocks just got cheaper... per Vanguard [sudden change in Vanguard fund P/Es]

It was the huge drop in some of the funds that I found peculiar. I believe that the small-cap growth had a P/E around 121x and now has a P/E of 27.9x. It'd be difficult to explain that away by earnings growth alone. Granted P/E's of index funds went bonkers in 2008, but that was mainly driven by gig...
by Jiu Jitsu Fighter
Tue Jul 18, 2017 9:01 pm
Forum: Investing - Theory, News & General
Topic: Stocks just got cheaper... per Vanguard [sudden change in Vanguard fund P/Es]
Replies: 29
Views: 5022

Stocks just got cheaper... per Vanguard [sudden change in Vanguard fund P/Es]

After the wonkiness of the PE ratio small-cap index funds per Vanguard's website as of 5/31, they either changed methodology and/or corrected errors on their portfolio tab. Here are the P/E and P/B ratios of some of their index funds as of 6/30: Ticker Fund P/E P/B VTSAX Total Stock Market 21.2x 2.9...
by Jiu Jitsu Fighter
Thu Jul 06, 2017 11:17 pm
Forum: Investing - Theory, News & General
Topic: Stocks and Bonds both declining.
Replies: 60
Views: 6332

Re: Stocks and Bonds both declining.

I thought about mentioning gold and precious metals or commodities, but I think actually all of these could go down along with stocks and bonds at the same time. I was looking for something that was mathematically guaranteed to rise, even slightly, if bonds went down. (And I don't even want to get ...
by Jiu Jitsu Fighter
Thu Jul 06, 2017 10:33 pm
Forum: Investing - Theory, News & General
Topic: Stocks and Bonds both declining.
Replies: 60
Views: 6332

Re: Stocks and Bonds both declining.

This is the point that I continually make with friends, co-workers, etc... It is almost a religion, especially on this message board, that bonds are always the savior in a bear market. That said, I have nothing against bonds as they should be part of a globally diversified, multi-asset class portfol...
by Jiu Jitsu Fighter
Tue Jun 27, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: Ultimate Buy and Hold - 8 slices vs 4
Replies: 719
Views: 315085

Re: Ultimate Buy and Hold - 8 slices vs 4

How do you come to the conclusion that VIHAX is not a good international value fund? Sure, in the US stock buybacks are very common, and therefore, dividends may not be a good metric for value and you may exclude many value stocks that opt for doing buybacks. However, international stocks are much ...
by Jiu Jitsu Fighter
Mon Jun 26, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: Ultimate Buy and Hold - 8 slices vs 4
Replies: 719
Views: 315085

Re: Ultimate Buy and Hold - 8 slices vs 4

First of all, VTRIX isn't really a value fund, at least in the academic sense (although the name suggests otherwise). It is more of a international large-cap core actively managed fund. Second, I agree that there are much better metrics to use to get value exposure than dividends such as price-to-b...
by Jiu Jitsu Fighter
Fri Jun 23, 2017 1:19 pm
Forum: Investing - Theory, News & General
Topic: Ultimate Buy and Hold - 8 slices vs 4
Replies: 719
Views: 315085

Re: Ultimate Buy and Hold - 8 slices vs 4

You could theoretically do this now with Vanguard index funds if you consider VIHAX (International High Yield) as a proxy for ILV. So, you could go 25 VTSAX (LC) / 25 VSIAX (SCV) / 25 VIHAX (ILV) / 25 VFSVX (IS). If they would ever get rid of that ridiculous purchase fee (load) of 25 bps for VIHAX,...
by Jiu Jitsu Fighter
Thu Jun 22, 2017 5:21 pm
Forum: Investing - Theory, News & General
Topic: Ultimate Buy and Hold - 8 slices vs 4
Replies: 719
Views: 315085

Re: Ultimate Buy and Hold - 8 slices vs 4

You could theoretically do this now with Vanguard index funds if you consider VIHAX (International High Yield) as a proxy for ILV. So, you could go 25 VTSAX (LC) / 25 VSIAX (SCV) / 25 VIHAX (ILV) / 25 VFSVX (IS). If they would ever get rid of that ridiculous purchase fee (load) of 25 bps for VIHAX, ...
by Jiu Jitsu Fighter
Tue Jun 20, 2017 4:34 pm
Forum: Investing - Theory, News & General
Topic: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index
Replies: 29
Views: 4982

Re: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index

Update: Bloomberg reporting that MSCI will include 222 Chinese A shares starting in May 2018. So not the full boat. Not sure what this means for VEMAX/VWO, but I'm not going to speculate. Vanguard's EM fund doesn't track the MSCI index so my speculation is.....not much. It also already includes Chi...
by Jiu Jitsu Fighter
Tue Jun 20, 2017 4:28 pm
Forum: Investing - Theory, News & General
Topic: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index
Replies: 29
Views: 4982

Re: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index

triceratop wrote:Update: Bloomberg reporting that MSCI will include 222 Chinese A shares starting in May 2018.
So not the full boat. Not sure what this means for VEMAX/VWO, but I'm not going to speculate.
by Jiu Jitsu Fighter
Mon Jun 05, 2017 9:34 am
Forum: Investing - Theory, News & General
Topic: Got a Question for the Experts Panel at the Bogleheads Conference?
Replies: 37
Views: 10634

Re: Got a Question for the Experts Panel at the Bogleheads Conference?

For Dr. Bernstein - he recommends precious metal mining stocks for those who can sit through long periods of time with drag on a portfolio but benefit from its non-correlation to the general stock market. Why not recommend just gold or a general commodities fund (futures)? Gold mining stocks perform...
by Jiu Jitsu Fighter
Thu Apr 20, 2017 1:24 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 46800

Re: Larry Swedroe says "Goodby."

Larry, your contributions were always thought-provoking and leading to great dialogues and discussions. I regret the personal attacks from petty-minded people. Civility, as exemplified by our founder Taylor Larimore, has always been a cornerstone of discussions in this forum. If I become hot-headed...
by Jiu Jitsu Fighter
Thu Apr 20, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 46800

Re: Larry Swedroe says "Goodby."

That is a bummer. I read Expected Returns by Antti Ilmanen because of Larry and consider it the best book on understanding the risks and returns in financial markets. I've also attended one of his seminars. He wasn't digging for clients. I think he had recently released a book, but he was more inter...
by Jiu Jitsu Fighter
Mon Apr 17, 2017 6:46 pm
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 158
Views: 12523

Re: Is there any reason a buy-and-hold investor would buy gold?

No, I don't think currency will go away. I think the government/fed will come out and say something along the lines of... "We will buy all gold offered at $25,000 and will sell all gold held at $26,000". OK, and how exactly does that help the government more easily service its debts? Currencies cou...
by Jiu Jitsu Fighter
Mon Apr 17, 2017 12:50 pm
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 158
Views: 12523

Re: Is there any reason a buy-and-hold investor would buy gold?

This forum has a general distaste for gold (You can't eat gold! - you can't eat your mutual funds or ETFs either). A small allocation does improve the Sharpe ratio of a portfolio. You don't have to have an end-of-the-world scenario to benefit from it. Unlike other commodities that cannot be easily s...