Search found 3815 matches

by JoMoney
Sun Mar 26, 2017 9:52 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz's Three Bucket System
Replies: 24
Views: 1743

Re: Christine Benz's Three Bucket System

MIchael Kitces has posted on 'Bucket' strategies several times, such as this one: https://www.kitces.com/blog/are-retirement-bucket-strategies-an-asset-allocation-mirage/ ... two portfolio-based strategies are increasingly popular to generate retirement income: the systematic withdrawal strategy, an...
by JoMoney
Sun Mar 26, 2017 7:54 pm
Forum: Personal Consumer Issues
Topic: In-N-Out Burger - Best Chain Fast Food Burger Joint?
Replies: 132
Views: 17655

Re: In-N-Out Burger - Best Chain Fast Food Burger Joint?

and yet In-N-Out fries are simply whole potatoes cut and fried to order... I'm with you that they're not good, I'd rather have textured frozen McD fries, it's just odd that they're probably the most unadulterated french-fry being served at a fast food place these days Same thought I had. Must be so...
by JoMoney
Sun Mar 26, 2017 4:38 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz's Three Bucket System
Replies: 24
Views: 1743

Re: Christine Benz's Three Bucket System

The idea of mental 'buckets' appeals to me, but in practice I believe the mechanics of refilling the buckets winds up quite similar to a constant mix/re-balanced allocation.
by JoMoney
Sun Mar 26, 2017 3:27 pm
Forum: Personal Consumer Issues
Topic: Does living at the beach reduce it's appeal?
Replies: 23
Views: 2300

Re: Does living at the beach reduce it's appeal?

It did for me... I made more of an effort to 'visit the beach' (and I think appreciated it more) when I lived a 30 minute drive away then when I lived within walking distance. I currently live hundreds of miles away from the nearest beach, and have fond nostalgic memories of casual drives out for a ...
by JoMoney
Sun Mar 26, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: Virtual Private Networks (VPNs)
Replies: 59
Views: 3306

Re: Virtual Private Networks (VPNs)

... Please explain how a VPN provider can read my email that is not hosted by them and is transmitted via HTTPS from my mail provider to my browser. Logjam ... or even easier, with the VPN being a man-in-the-middle they could simply act as a web proxy where (if you don't know what you're looking fo...
by JoMoney
Sat Mar 25, 2017 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Merriman Expense Ratios: .65% and .58% too high?
Replies: 13
Views: 889

Re: Merriman Expense Ratios: .65% and .58% too high?

http://berkshirehathaway.com/letters/2016ltr.pdf ...Can you imagine an investment consultant telling clients, year after year, to keep adding to an index fund replicating the S&P 500? That would be career suicide. Large fees flow to these hyper-helpers, however, if they recommend small manageri...
by JoMoney
Sat Mar 25, 2017 3:16 pm
Forum: Investing - Theory, News & General
Topic: S&P Index Funds at Vanguard
Replies: 8
Views: 1049

Re: S&P Index Funds at Vanguard

Technically they do, but they're of the "Institutional Shares" class, and only available to people with 401k plans (and similar) that work with Vanguard to offer them.... such as VSMSX is the fund for Vanguard S&P Small-Cap 600 Index I (which is the VIOO ETF) https://institutional.vang...
by JoMoney
Sat Mar 25, 2017 2:47 pm
Forum: Personal Consumer Issues
Topic: Virtual Private Networks (VPNs)
Replies: 59
Views: 3306

Re: Virtual Private Networks (VPNs)

Someone above mentioned setting up your own VPN via a hosted cloud computer (AWS or the like), rather than bother with the VPN system though, if you just used the hosted cloud computer as your primary desktop it would have the same effect of masking your home IP if all your web browsing etc.. was do...
by JoMoney
Fri Mar 24, 2017 10:32 pm
Forum: Personal Consumer Issues
Topic: In-N-Out Burger - Best Chain Fast Food Burger Joint?
Replies: 132
Views: 17655

Re: In-N-Out Burger - Best Chain Fast Food Burger Joint?

In other news: Holy zombie thread, Batman! FYI - Crimsontide has resurrected a 2009 thread. Sorry, it's was the horrible tasting fries that made me do it, I mean those things are inedible...like little tofu infused cardboard crap stripes... and yet In-N-Out fries are simply whole potatoes cut and f...
by JoMoney
Fri Mar 24, 2017 9:04 pm
Forum: Personal Consumer Issues
Topic: Virtual Private Networks (VPNs)
Replies: 59
Views: 3306

Re: Virtual Private Networks (VPNs)

If the goal is to protect your traffic from sniffing when you're on untrusted networks, you can actually roll your own VPN. Lots of home routers support some VPN variant, with OpenVPN being the most common. When away from home, you would VPN back to your router and use your home internet connection...
by JoMoney
Fri Mar 24, 2017 7:58 pm
Forum: Personal Consumer Issues
Topic: Virtual Private Networks (VPNs)
Replies: 59
Views: 3306

Re: Virtual Private Networks (VPNs)

I use a VPN for work, and have used VPNs to make it look like I'm in the U.S. when I'm actually overseas. It's handy if I have to visit a website that blocks access from non-U.S. locations, other than that though... I find it hard to imagine a scenario why someone would need one for personal use acc...
by JoMoney
Fri Mar 24, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Capital One 360 Money Market account for use as checking account?
Replies: 13
Views: 706

Re: Thoughts on Capital One 360 Money Market account for use as checking account?

Why not open a free Capital One 360 checking account (maybe even get a cash bonus to open one), and a Money Market ?
Then once a month transfer any excess from the checking to the Money Market...
by JoMoney
Mon Mar 20, 2017 10:49 am
Forum: Investing - Theory, News & General
Topic: Harvard endowment beats S&P 500 by 2% a year over last 40 years
Replies: 50
Views: 5926

Re: Harvard endowment beats S&P 500 by 2% a year over last 40 years

... Probably, taking more risk than the S&P 500 and making investments that are less liquid than the S&P 500. You would expect to be compensated for both. By that logic, it would seem that non-traded REITs should have a higher return than traded REITs, but I've heard that the former are gen...
by JoMoney
Sat Mar 18, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13694

Re: "Millionaire Next Door" Net Worth Formula

It's an interesting formula, but faulty in a lot of ways. The number I like as a measure of financial independence, is (Annual Living Expenses) - (Annuity, pension, SS income) - (Net Worth / Life Expectancy) Ideally you want all the input numbers to be as high as possible, especially the "Life ...
by JoMoney
Fri Mar 17, 2017 3:28 pm
Forum: Investing - Theory, News & General
Topic: Interesting article from John P. Hussman
Replies: 8
Views: 612

Re: Interesting article from John P. Hussman

... I was not aware of his history ("doom monger"). I just felt his writing was good. Seemed well reasoned to me. The perma-bears seem to have an aura of sounding smarter and more cautious than the perma-bulls whose optimism seems oblivious to the obstacles all around. Why Does Pessimism ...
by JoMoney
Fri Mar 17, 2017 12:57 pm
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 9279

Re: Anyone else taking less risk

I have been increasing the amount of short-term savings I keep, primarily because my job is looking less stable and if I change jobs I expect to have some big expenses related to moving and buying a car. I'm still maxing out retirement contributions to equities, but outside of that my cash/bond amou...
by JoMoney
Fri Mar 17, 2017 12:28 pm
Forum: Investing - Theory, News & General
Topic: Help with rebuttal to a Facebook post
Replies: 36
Views: 3810

Re: Help with rebuttal to a Facebook post

Among the problems with active funds, is trying to quantify what additional risks the manager took to get those returns. You can take money to a casino and get a coin flip chance of winning or losing money. There's a tendency in mutual funds to try and ignore all the 'loser' funds, and try and attri...
by JoMoney
Thu Mar 16, 2017 9:41 am
Forum: Investing - Theory, News & General
Topic: "Buffett's Bet"
Replies: 18
Views: 2352

Re: "Buffett's Bet"

Really all you need is the S&P 500 fund. Then perhaps throw in a bond fund during retirement if you need that. So why not just keep it boringly simple? But, I mean even I don't follow Warren's advice. I have 100% of my investments in Total Stock Market, not the S&P 500! :beer The small cap ...
by JoMoney
Thu Mar 16, 2017 1:34 am
Forum: Investing - Theory, News & General
Topic: "Buffett's Bet"
Replies: 18
Views: 2352

Re: "Buffett's Bet"

I'm still shocked he could win with nothing but a S&P 500 index fund! After being on the bogleheads forum for a while I figured he would have need at least a third of his portfolio in international and then slice and dice in emerging markets, reits, precious metals, etc. He did it with just a S...
by JoMoney
Wed Mar 15, 2017 2:41 am
Forum: Investing - Help with Personal Investments
Topic: Do you avoid international investing like Jack Bogle?
Replies: 151
Views: 7437

Re: Do you avoid international investing like Jack Bogle?

Yes, having Jack Bogle and Warren Buffett offer the advice to follow such a portfolio has bolstered my decision to do so.
by JoMoney
Sun Mar 12, 2017 12:30 am
Forum: Investing - Theory, News & General
Topic: What do you expect to achieve with your Tilt?
Replies: 78
Views: 4806

Re: What do you expect to achieve with your Tilt?

My 'tilt' is owning the S&P 500 index rather than some broader 'global' market portfolio. At a <.05% ER I expect to achieve lower expenses relative to the .11% ER on 'Total International' or 'Total World' fund I expect further savings from the lack of foreign tax withholding on dividends. I expe...
by JoMoney
Fri Mar 10, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Every 40-yr returns curve of the S&P500 since 1870 graphed
Replies: 40
Views: 3947

Re: Every 40-yr returns curve of the S&P500 since 1870 graphed

The S&P 500 didn't exist before March 4, 1957; 60 years ago. That's true, but it has been artificially recreated by academics in retrospect for the purposes of historical analysis. It wasn't the 500, but S&P had an index tracking a market representative group of stocks daily going back to 1...
by JoMoney
Mon Mar 06, 2017 3:45 am
Forum: Personal Finance (Not Investing)
Topic: Net worth milestone reached: $100,000!
Replies: 52
Views: 3903

Re: Net worth milestone reached: $100,000!

Having the peace of mind offered by that cushion of savings/investments is a fantastic place to be. I know too many people that have spent the majority of their life in debt $10k+. For some of them it's like they're always grasping for air and can never get ahead, others seem to keep getting into de...
by JoMoney
Sun Mar 05, 2017 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Benchmark to SP500?
Replies: 16
Views: 922

Re: Benchmark to SP500?

If you hold a relatively passive portfolio, I don't know that what the point of benchmarking the entire portfolio is. I can understand looking at the individual pieces, and wanting to make sure the index fund is actually tracking it's index, but other than that... What's the point? For an active por...
by JoMoney
Fri Mar 03, 2017 5:19 am
Forum: Investing - Help with Personal Investments
Topic: Why not utilize leveraged ETF's?
Replies: 24
Views: 1080

Re: Why not utilize leveraged ETF's?

FWIW, Edward Thorpe wrote a paper where doing some calculations using the Kelly criterion, and a model based on historical stock market risk/returns (he also normalized the distribution removing some tails, which might make the model unrealistic) he came up with a ratio to maximize returns of having...
by JoMoney
Fri Mar 03, 2017 5:09 am
Forum: Investing - Help with Personal Investments
Topic: Why not utilize leveraged ETF's?
Replies: 24
Views: 1080

Re: Why not utilize leveraged ETF's?

RYANX: Seeks to provide investment returns that match, before fees and expenses, 150% of the daily performance of the S&P 500® Index. https://www.guggenheiminvestments.com/mf/fund/ryanx http://i65.tinypic.com/amrxns.png ...Unfortunately, Nova didn't earn anything close to 150 percent of the ret...
by JoMoney
Fri Mar 03, 2017 4:55 am
Forum: Investing - Help with Personal Investments
Topic: long term divi investment portfolio feedback
Replies: 11
Views: 668

Re: long term divi investment portfolio feedback

... Say you have $1m in a high yield dividend etf that pays say 4%..that's $40k a year and you're not touching the principle investment so you should be able to collect $40k forever, no? ... No. I mean, I would hope that most stocks with regular dividend policy will continue to pay and raise divide...
by JoMoney
Tue Feb 28, 2017 7:25 pm
Forum: Investing - Theory, News & General
Topic: Extreme Valuations, and why you should reconsider
Replies: 307
Views: 20117

Re: Extreme Valuations, and why you should reconsider

So, over longer periods, a model based on a convergence to the (already known historical) average has a higher correlation. If we estimate returns based on rolling 90 year periods since 1926 (of which we have 1), we can show that our model that expected a return to match the historical average retur...
by JoMoney
Tue Feb 28, 2017 6:10 pm
Forum: Investing - Theory, News & General
Topic: How reliable are forward PE ratios?
Replies: 20
Views: 1209

Re: How reliable are forward PE ratios?

Not good, but at the same time about on par with backward looking estimates (like 1 year P/E, or CAPE) http://i63.tinypic.com/2ymwzea.png Source: https://am.jpmorgan.com/us/en/asset-management/gim/adv/insights/guide-to-the-markets/viewer A Vanguard study somewhat related: https://personal.vanguard.c...
by JoMoney
Tue Feb 28, 2017 5:57 pm
Forum: Investing - Theory, News & General
Topic: Extreme Valuations, and why you should reconsider
Replies: 307
Views: 20117

Re: Extreme Valuations, and why you should reconsider

I got an email today with my Vanguard 500 annual report (as of 12/31/2016) The letter from McNabb to shareholders says to "prepare for muted returns" ...simulations indicate that for the decade ending in 2026, the average annualized return of a 60% stock/40% bond portfolio is likely to be ...
by JoMoney
Mon Feb 27, 2017 10:10 pm
Forum: Investing - Theory, News & General
Topic: Buffett interview Monday 2/27
Replies: 38
Views: 4116

Re: Buffett interview Monday 2/27

One point he made that really got me thinking was that 10-year bonds sell for 40 times earnings, with no potential for earnings growth. That really makes stocks seem cheap on a relative valuation basis. Yeah, but at the same time, a bond sells for 1x "Book Value" and principal is guarante...
by JoMoney
Mon Feb 27, 2017 6:32 pm
Forum: Personal Consumer Issues
Topic: Do you clear your inbox?
Replies: 49
Views: 2973

Re: Do you clear your inbox?

I keep way too much in my inbox. Being able to search on it is great, but if you're very sensitive to privacy concerns you should be aware of this:
http://www.businessinsider.com.au/your- ... ?r=US&IR=T
by JoMoney
Mon Feb 27, 2017 6:17 pm
Forum: Investing - Theory, News & General
Topic: Extreme Valuations, and why you should reconsider
Replies: 307
Views: 20117

Re: Extreme Valuations, and why you should reconsider

If the pension plans actually made the adjustments for dismal returns, which would require additional saving from earnings, and cutting benefits, maybe they would be a good role model. Seems to me there has been quite a few pensions that have been pointed at as maybe having the same "behavioral...
by JoMoney
Mon Feb 27, 2017 3:52 pm
Forum: Investing - Theory, News & General
Topic: Buffett interview Monday 2/27
Replies: 38
Views: 4116

Re: Buffett interview Monday 2/27

stemikger wrote:
jacoavlu wrote:is there anywhere to watch the full interview online?


I'm streaming it on my roku on the CNBC channel which is free. However, it's in short clips. It will probably appear on Youtube tomorrow or sometime this week.


https://www.youtube.com/user/cnbc/search?query=Buffett
by JoMoney
Mon Feb 27, 2017 1:52 am
Forum: Investing - Theory, News & General
Topic: Buffett interview Monday 2/27
Replies: 38
Views: 4116

Re: Buffett interview Monday 2/27

Thanks for the Info. I just submitted a question via Facebook. There are numerous questions about his index fund recommendations. I asked why he doesn't think it is a good idea to hold a portion in bonds to protect yourself from bad markets and behavioral mistakes. Has he said this somewhere for th...
by JoMoney
Sun Feb 26, 2017 4:55 pm
Forum: Investing - Theory, News & General
Topic: Inspired by Buffett's bet: New 20 years bets?
Replies: 2
Views: 619

Re: Inspired by Buffett's bet: New 20 years bets?

The thing about investing "bets", is we can (and many of us do) put our money where are mouth is by investing our portfolio accordingly. We don't need a side bet on the outcome. I was thinking about US Stock vs World ex US, what would the yard stick for this be? Would you use a U.S. mutual...
by JoMoney
Sun Feb 26, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: How much are independent contractors really taxed?
Replies: 44
Views: 2714

Re: How much are independent contractors really taxed?

... Several things don't add up here. First, if you were working a day job and were in the 25% bracket, and in CA, most likely, you were going to hit the FICA limit and didn't need to pay the 15%. This was several years ago, so the numbers are slightly different, but here goes with the current tax ...
by JoMoney
Sun Feb 26, 2017 1:01 am
Forum: Personal Finance (Not Investing)
Topic: How much are independent contractors really taxed?
Replies: 44
Views: 2714

Re: How much are independent contractors really taxed?

When I was living in California, I was looking at doing some part time work as an independent contractor in addition to my normal day job that already put me at the top of the 25% federal tax bracket. For each additional dollar I earned it would have been 25% Federal Tax + 15% Self Employment (FICA...
by JoMoney
Sat Feb 25, 2017 9:59 pm
Forum: Investing - Theory, News & General
Topic: Source of the Small Value Premium
Replies: 11
Views: 775

Re: Source of the Small Value Premium

...Small companies have a lot more room to grow than large companies for one... This can be misleading, as you can have a software company valued at tens of billions of dollars (by market-cap) that has huge potential to grow it's market share and profits. Compared to say, a real estate or utility c...
by JoMoney
Sat Feb 25, 2017 9:33 pm
Forum: Investing - Theory, News & General
Topic: Source of the Small Value Premium
Replies: 11
Views: 775

Re: Source of the Small Value Premium

How do you suppose that the market capitalization of a companies stock relates to them being " small enough to be truly innovative and disruptive " ? Market capitalization is tied to the value of the company, or at least the portion of the company that is floated in the stock market, not i...
by JoMoney
Sat Feb 25, 2017 8:26 pm
Forum: Investing - Theory, News & General
Topic: Buffett Annual Letter 2016 [Jack Bogle is a hero]
Replies: 69
Views: 5513

Re: Buffett Annual Letter 2016 [Jack Bogle is a hero]

I think Buffett's bet seems like almost a cinch when considering the extreme costs and expenses the hedge funds have to overcome, let alone the difficulty of finding genuine 'skill' in allocating money... I find Paul Merriman's attempt at a bet , a more challenging proposition. Primarily, because I ...
by JoMoney
Sat Feb 25, 2017 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Bogleheads' Philosophy a Generalization?
Replies: 55
Views: 3215

Re: Bogleheads' Philosophy a Generalization?

... I see funds that have been consistently beating the index. Doesn't mean they will do that tomorrow. I see funds' performance move slowly, I have a tax advantaged account. I don't think I can "beat the market" other than make adjustments as needed. Why not try with some % of the portfo...
by JoMoney
Sat Feb 25, 2017 4:04 pm
Forum: Investing - Theory, News & General
Topic: Buffett Annual Letter 2016 [Jack Bogle is a hero]
Replies: 69
Views: 5513

Re: Buffett Annual Letter 2016 [Jack Bogle is a hero]

Great stuff. I hope his accolades for Mr.Bogle leads to more interviews of Mr.Bogle, giving him the opportunity further spread the gospel of simple low-cost investing. Maybe when people stop looking at trading stocks and active management as some path to higher returns, they'll start looking behind ...
by JoMoney
Fri Feb 24, 2017 6:27 am
Forum: Personal Finance (Not Investing)
Topic: How much are independent contractors really taxed?
Replies: 44
Views: 2714

Re: How much are independent contractors really taxed?

When I was living in California, I was looking at doing some part time work as an independent contractor in addition to my normal day job that already put me at the top of the 25% federal tax bracket. For each additional dollar I earned it would have been 25% Federal Tax + 15% Self Employment (FICA/...
by JoMoney
Thu Feb 23, 2017 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: S&P at 22 times multiple
Replies: 40
Views: 4634

Re: S&P at 22 times multiple

I am firm believer in reversion to the mean. I know wall street has given stocks the trump bump in hopes of lower taxes and less regulation. Based on historical norms the market is way over valued I wonder how long it will take till market reverts back to the mean a sell off must be coming soon i s...
by JoMoney
Thu Feb 23, 2017 3:14 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffets Bet almost over
Replies: 7
Views: 2604

Re: Warren Buffets Bet almost over

Interesting that the WSJ would publish that just now. The bet is not over for another 10+ months. However, I'd like to read the article too if if it can be linked. Various news outlets usually mention it once a year or so, this time of year is popular because Buffett will soon release his letter to...
by JoMoney
Thu Feb 23, 2017 5:07 am
Forum: Investing - Theory, News & General
Topic: behavior and bogleheads wiki page on passively owning individual stocks
Replies: 10
Views: 877

Re: behavior and bogleheads wiki page on passively owning individual stocks

... My source for that would be personal experience... +2 I saw (in myself) all kinds behavioral problems while trying to maintain an individual stock portfolio, not only from the feeling the need to monitor the portfolio/companies and trading, but also in my regular day to day stuff. At one point,...
by JoMoney
Thu Feb 23, 2017 4:29 am
Forum: Investing - Theory, News & General
Topic: Why TBM (total bond market)?
Replies: 17
Views: 2361

Re: Why TBM (total bond market)?

TBM has simplicity, low cost, and broad diversification among different investment grade bonds at different maturities. But its average effective duration is about 6 years... seems to me this is closer to something comparable to a bond ladder going out about 12 years. If you're looking at a bond lad...
by JoMoney
Thu Feb 23, 2017 4:03 am
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 64
Views: 10481

Re: Vanguard opens special offices for $1 million clients

I'd like to join the club, but I'm afraid the free coffee and donuts will probably be gone by the time I get there. Remember an advertising campaign a few years ago where Vanguard was offering cups of coffee? [I don't think it was during the Bogle era] It wasn't free, but I remember reading about t...
by JoMoney
Wed Feb 22, 2017 6:10 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 64
Views: 10481

Re: anguard opens special offices for $1 million clients

Interesting... Although personally, I've never even called Vanguard on the phone. Everything has been accomplished online or in the mail. Unless they're going to offer a place where I can make cash deposits, medallion signature guarantees on securities, or free coffee/pastries while I chat with a re...

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