Search found 3932 matches

by JoMoney
Wed Apr 26, 2017 2:28 am
Forum: Investing - Help with Personal Investments
Topic: Retirement income for 50+ years?
Replies: 91
Views: 5290

Re: Retirement income for 50+ years?

... I know what I'm about to say is sacrilegious on this forum but please hear me out... It is precisely my ability to stomach risk and take emotionally difficult actions that gives me confidence that I can wait till the stock market crashes before entering the market and holding forever. Look at w...
by JoMoney
Tue Apr 25, 2017 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 111
Views: 7919

Re: Why is Real-Estate so Bad?

Real estate investing can definitely "outperform" stock market averages. :beer It can but it has not done so in the past. Stocks have clearly performed much better than real estate over the longer term, at least in the U.S. and Canada, probably in other places like Europe, Japan, and Aust...
by JoMoney
Tue Apr 25, 2017 10:28 pm
Forum: Investing - Theory, News & General
Topic: Morningstar rating: S&P 5-stars, but TSM 4-stars?
Replies: 10
Views: 1118

Re: Morningstar rating: S&P 5-stars, but TSM 4-stars?

Simmilar situation with the " Lipper Ranking and Performance " shown over at MarketWatch http://www.marketwatch.com/investing/fund/vtsax http://www.marketwatch.com/investing/fund/vfiax At least there you get a little more info on where the fund placed in its category relative to others ove...
by JoMoney
Tue Apr 25, 2017 7:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 56
Views: 5003

Re: Vanguard has switched to brokerage only accounts

Last year was my first full year after having converted all my accounts to the new brokerage accounts. I like the format of the new consolidated statements. There are some minor annoyances with longer time to get tax forms, and the way direct deposits and trade settlements work now. I don't even thi...
by JoMoney
Tue Apr 25, 2017 11:50 am
Forum: Investing - Theory, News & General
Topic: Unwinding all positions and buy back after French Elections
Replies: 53
Views: 4595

Re: Unwinding all positions and buy back after French Elections

People thought the U.S. election was going to bring chaos to the markets.... stocks have gone up 10%+ since, anybody that sold around then wouldn't have had an opportunity to buy back in anywhere near those levels (yet)
by JoMoney
Tue Apr 25, 2017 12:58 am
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 111
Views: 7919

Re: Why is Real-Estate so Bad?

Investing in a low-cost index fund or group of stocks doesn't require any time or effort or impart any liability of the business on me. It's easily diversified so that my money isn't impacted by the returns from any one business or property. The assets are extremely liquid and can be exchanged for c...
by JoMoney
Mon Apr 24, 2017 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Checking Account - Fidelity CMA vs. Schwab?
Replies: 29
Views: 1475

Re: Joint Checking Account - Fidelity CMA vs. Schwab?

Fidelity sends your money to BNY Mellon. The name of the bank associated with my CMA is UMB, Missouri. Not sure how the bank is selected by Fidelity. The routing number for the account uses that bank, but somehow it can actually get swept into a variety of different FDIC banks https://accountopenin...
by JoMoney
Mon Apr 24, 2017 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Checking Account - Fidelity CMA vs. Schwab?
Replies: 29
Views: 1475

Re: Joint Checking Account - Fidelity CMA vs. Schwab?

I think you mean the Fidelity 2% credit card, and yes I believe that is correct. I did not get any additional fees on my Fidelity debit card, at least in Italy and Switzerland last summer for withdrawing cash from bank ATM machines. Nope, I mean the debit card. I don't have the credit card. I agree...
by JoMoney
Mon Apr 24, 2017 12:55 pm
Forum: Investing - Theory, News & General
Topic: Schwab False Ad (4X Cheaper than VG)
Replies: 20
Views: 1653

Re: Schwab False Ad (4X Cheaper than VG)

There are always principle-agent problems, and we don't really know what the "Vanguard Partnership Plan" is rewarding execs for completely, but from tid-bits I've found various places, it's supposed to be structured so as to reward for lowering costs. http://investorplace.com/2012/06/vangu...
by JoMoney
Mon Apr 24, 2017 4:20 am
Forum: Investing - Theory, News & General
Topic: Investing with American Funds like betting on Tiger Woods
Replies: 23
Views: 2944

Re: Investing with American Funds like betting on Tiger Woods

If you compare their "Growth Fund of America" to a mixture of S&P500 + enough of the Mid-Cap index to have the same standard deviation as the active fund, it also doesn't hold up, even when ignoring the American Funds sales load.
PV Link
by JoMoney
Mon Apr 24, 2017 12:36 am
Forum: Investing - Theory, News & General
Topic: Schwab False Ad (4X Cheaper than VG)
Replies: 20
Views: 1653

Re: Schwab False Ad (4X Cheaper than VG)

Just saw an ad by Schwab on TV that their S&P 500 Fund (ER .03) was 4x cheaper than Vanguards (.14). Don't know where they got that (maybe investor shares? which is .16). Vanguard's ETF/Admiral is .05. They are really hurting since Vanguard has been dominating lately. https://www.nytimes.com/20...
by JoMoney
Sun Apr 23, 2017 11:51 am
Forum: Local Chapters and Bogleheads Community
Topic: The next generation of Boglehead authors
Replies: 37
Views: 2436

Re: The next generation of Boglehead authors

...You don't need another Moses. There were only Ten Commandments; we're still waiting for the eleventh... ... Just pick a broad index like the S&P 500. Don't put your money in all at once; do it over a period of time. I recommend John Bogle's books -- any investor in funds should read them. Th...
by JoMoney
Sun Apr 23, 2017 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 149
Views: 15227

Re: Any regrets living a frugal life for high income/high networth individuals?

I wasn't really sure how this measured, but I used this https://dqydj.com/net-worth-by-age-calculator-for-the-united-states/ Which is using data from the 2013 Federal Survey of Consumer Finances (2016 survey data doesn't appear to be out yet) :thumbsup to what WolfgangPauli said.... I can't think of...
by JoMoney
Sat Apr 22, 2017 12:07 pm
Forum: Investing - Theory, News & General
Topic: Index investing question
Replies: 22
Views: 1548

Re: Index investing question

With regard to liquidity, and at least broad market index funds, Charlie Munger had some comments after being asked a similar question... commented about over here:
viewtopic.php?f=10&t=211323#p3242998
by JoMoney
Sat Apr 22, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap fund index question
Replies: 57
Views: 4096

Re: Small cap fund index question

... Sears is clearly a value stock, probably a deep value stock. I do not see how one could possibly label it a growth stock. It clearly has positive value attributes. It is, clearly... CRSP (and most other indexes) just set the negative attributes to zero, and failing to have any growth attributes...
by JoMoney
Sat Apr 22, 2017 11:46 am
Forum: Investing - Theory, News & General
Topic: Index investing question
Replies: 22
Views: 1548

Re: Index investing question

If you're worried about the risk, and that you're over exposed to stocks, move some to bonds or cash to the point you're comfortable. If you think the pricing of stocks is out of whack, the option is there for you to try your hand at it... but it doesn't change the aggregate results of the market if...
by JoMoney
Sat Apr 22, 2017 11:15 am
Forum: Investing - Theory, News & General
Topic: Index investing question
Replies: 22
Views: 1548

Re: Index investing question

Nobody claims that using index funds will somehow prevent stocks from getting ran up, I fail to see how having people hold different weightings and then actively trading would somehow change it. As far as Wealthfront, Betterment, Robo advisors etc.. etc... Are they suggesting people hold their equit...
by JoMoney
Sat Apr 22, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Understanding iShares initial investment index differences
Replies: 12
Views: 585

Re: Understanding iShares initial investment index differences

According to your screenshots, the first one says you're leaving the money invested for 11-20 years, in the second it says you're leaving it invested for 21-30 years.
by JoMoney
Sat Apr 22, 2017 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Small cap fund index question
Replies: 57
Views: 4096

Re: Small cap fund index question

I'd wager it's on it's way out, but not because it's going to suddenly become a growth stock.
by JoMoney
Sat Apr 22, 2017 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Small cap fund index question
Replies: 57
Views: 4096

Re: Small cap fund index question

It's not currently a "growth" stock under any style definition I'm aware of. That's the problem with the term "growth"--it means different things to different people. If you are defining it just in terms of something like high price to earnings or book value, though, then negati...
by JoMoney
Sat Apr 22, 2017 7:17 am
Forum: Investing - Help with Personal Investments
Topic: Small cap fund index question
Replies: 57
Views: 4096

Re: Small cap fund index question

Sears is a former large-cap company that's now a small-cap company. So Sears is an example of a small value stock? Looks like it's in Vanguard's Small-Value index fund, hits Morningstar's small-value style box, and from a Fama-French Factor regression on PortfolioVisualizer it has a a positive load...
by JoMoney
Sat Apr 22, 2017 6:22 am
Forum: Investing - Help with Personal Investments
Topic: Small cap fund index question
Replies: 57
Views: 4096

Re: Small cap fund index question

Sears is a former large-cap company that's now a small-cap company. So Sears is an example of a small value stock? Small extreme-growth, no? I believe it currently has negative earnings and book value. It's not currently a "growth" stock under any style definition I'm aware of. Yes, negat...
by JoMoney
Sat Apr 22, 2017 3:38 am
Forum: Investing - Theory, News & General
Topic: Index investing question
Replies: 22
Views: 1548

Re: Index investing question

So as you can see, about 1/12 of equity assets are indexed. I think this figure is off. Vanguard funds alone own close to 1/12 of AAPL. They're not quite there yet, but at the pace Vanguard is gathering assets currently, they'll be there in a couple of years. ... not disputing the amount that's ind...
by JoMoney
Sat Apr 22, 2017 2:39 am
Forum: Investing - Theory, News & General
Topic: Index investing question
Replies: 22
Views: 1548

Re: Index investing question

Hi All - Looking at the trend, lots of people have found out the secret to Index investing. I believe I read somewhere near 50% of new money being added goes to either mf or etf index funds. 2 questions - first as this percentage increases and approaches some limit and we all own the market not try...
by JoMoney
Fri Apr 21, 2017 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap fund index question
Replies: 57
Views: 4096

Re: Small cap fund index question

Sears is a former large-cap company that's now a small-cap company. So Sears is an example of a small value stock? Looks like it's in Vanguard's Small-Value index fund, hits Morningstar's small-value style box, and from a Fama-French Factor regression on PortfolioVisualizer it has a a positive load...
by JoMoney
Fri Apr 21, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: SP500, Russel 2000 and mid caps?
Replies: 24
Views: 1759

Re: SP500, Russel 2000 and mid caps?

... Any more info on front running changes? Why go to CRSP over S&P600? Would've been a less intense change (market cap wise at least). http://www.ftserussell.com/blog/russell-2000-recon-banding-results-lower-turnover ...While the Russell recon effectively keeps our indexes in line with their s...
by JoMoney
Fri Apr 21, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Small cap fund index question
Replies: 57
Views: 4096

Re: Small cap fund index question

Oh, sorry, the difference is 6.57 vs 6.59 in my particular example, that is of course assuming I did everything right (first time using portfoliovisualizer). What I was trying to say is I was guessing (incorrectly) that the difference would be much greater since you're taking on more risk with smal...
by JoMoney
Fri Apr 21, 2017 4:01 am
Forum: Investing - Help with Personal Investments
Topic: SP500, Russel 2000 and mid caps?
Replies: 24
Views: 1759

Re: SP500, Russel 2000 and mid caps?

... Interesting, consider the main difference between S&P 600 & Russell 2000 that I have heard about is the S&Ps quality/earnings-record requirement; would've assumed S&P to be smaller/more-stringent. The S&P Composite 1500 (which is made up of the S&P 500 + 400 Mid Cap + 60...
by JoMoney
Fri Apr 21, 2017 3:07 am
Forum: Investing - Help with Personal Investments
Topic: SP500, Russel 2000 and mid caps?
Replies: 24
Views: 1759

Re: SP500, Russel 2000 and mid caps?

... Incidentally, not sure how to interpret the M* chart as the Russell indices were created in 1984. That's correct, the company and indexes weren't released until 1984 but their data goes back to 1978.... Even in 1984, and for quite a long period after, Russell indexes weren't initially designed ...
by JoMoney
Thu Apr 20, 2017 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: SP500, Russel 2000 and mid caps?
Replies: 24
Views: 1759

Re: SP500, Russel 2000 and mid caps?

Thr Russell 1000 is completed by the Russell 2000 to make the Russell 3000, which is a total market index, but with more stringent liquidity/investability screens than the CRSP or S&P total market indices, hence it has only 3000 stocks in it. By replacing the Russell 1000 by the S&P500 you ...
by JoMoney
Wed Apr 19, 2017 10:52 pm
Forum: Investing - Theory, News & General
Topic: A test for when risk factors have positive expected returns
Replies: 36
Views: 2273

Re: A test for when risk factors have positive expected returns

I'm with Warren Buffett on the idea that " Risk premiums are mostly nonsense. " If you expect to earn an above average return on your money, you have to bring something else to the table beyond your supposed "willingness" to take big risks. It takes a certain amount of skill, inf...
by JoMoney
Wed Apr 19, 2017 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: CA State Tax Refund ~ 3 Month Processing Time
Replies: 19
Views: 1470

Re: CA State Tax Refund ~ 3 Month Processing Time

There was another similar thread viewtopic.php?f=2&t=215858

When I checked the California "Where's My Refund" website, the status lead me to believe it could take 12 weeks, but it did not... It took a little over 1 month after it had been filed.
by JoMoney
Wed Apr 19, 2017 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap fund index question
Replies: 57
Views: 4096

Re: Small cap fund index question

Jeremy Siegel points this out in "Stocks For the Long Run". Without the extreme performance that occurred during the 1975-1983 period the data since 1926 would not show any small-cap outperformance. http://i62.tinypic.com/bhj14n.png OP, don't forget that small-cap stocks aren't necessarily...
by JoMoney
Wed Apr 19, 2017 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Periodic Investing and Wanting the Market to Drop
Replies: 28
Views: 3112

Re: Periodic Investing and Wanting the Market to Drop

To me, the goal of periodic investing is to aquire your shares at an "average price" over the period you're able to invest. It would be nice if your dollar cost averaging lowers your average cost while accumulating, but the goal is to get an average cost. Similarly when your withdrawing sm...
by JoMoney
Wed Apr 19, 2017 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 129
Views: 11807

Re: Do you have an umbrella policy?

We have one and pay $2200 for a $10M policy. I actually just researched this and found another firm offering it at $750!!! And they only require home and not auto...their auto is much much more than my current insurance. I've seen advice that you need to have umbrella in excess of your assets. Howe...
by JoMoney
Wed Apr 19, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 129
Views: 11807

Re: Do you have an umbrella policy?

The good news is that if you're a good little boglehead and have been maxing out your retirement accounts, then even if you are successfully sued for $500 Million, in most states you get to at least keep your retirement accounts! I think that's only true for 401k or 403b accounts, not for rollover ...
by JoMoney
Wed Apr 19, 2017 3:59 am
Forum: Investing - Theory, News & General
Topic: Article-Argument against Buffet and Bogle's International Advice
Replies: 36
Views: 4016

Re: Article-Argument against Buffet and Bogle's International Advice

There all sorts of wacky investments out there people try to justify in the name of increasing "diversification". Having an international stock portfolio isn't all that 'wacky', but it is more costly, and does have risks that just aren't necessary for a U.S. investor to take. The folks tha...
by JoMoney
Tue Apr 18, 2017 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: VTSAX Versus VFIAX
Replies: 3
Views: 573

Re: VTSAX Versus VFIAX

...while VFIAX holds just the top 500.... It's slightly more nuanced than that. http://us.spindices.com/indices/equity/sp-500 "The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization." https://us.spindices.com/documents/methodolo...
by JoMoney
Tue Apr 18, 2017 11:36 pm
Forum: Personal Consumer Issues
Topic: Tips on Uber
Replies: 64
Views: 4910

Re: Tips on Uber

They say 5 for 5... meaning $5 for a 5 star review. Not sure that's true but I have heard that said. Plus, I heard some states are going to require Uber to offer tip function like Lyft does already. These people are starving with these jobs. Give them a few bucks. From what I've heard, rating someo...
by JoMoney
Tue Apr 18, 2017 3:16 pm
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 6356

Re: Is it necessary to diversify across Factors?

...By missing just two years, the small-cap premium was now negative and the small-cap value premium had shrunk ... All of the outperformance of DFSVX occurred over the three years from 2001-2004 From the funds start ( 03/02/1993 ) to ( 04/17/2001 ) a total market fund outperformed and over the las...
by JoMoney
Tue Apr 18, 2017 2:58 pm
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 6356

Re: Is it necessary to diversify across Factors?

...plus some people don't embrace the idea that returns are tied to some efficiently modeled "risk premium" The idea that it's difficult to "beat the market" (impossible in aggregate) is provable, but the idea that it's because the market is "efficient" and pricing &quo...
by JoMoney
Tue Apr 18, 2017 1:07 pm
Forum: Investing - Theory, News & General
Topic: Value/Growth indices and overlapping bands
Replies: 21
Views: 1175

Re: Value/Growth indices and overlapping bands

In VG's case might it mitigate those trading costs by reassigning stock shifts to another VG fund? So the trading costs would be overstated if linked to just turnover? For instance, VISVX has a turnover of about 18%. Some of this could be reassigned to the funds that acquire the turned over stock. ...
by JoMoney
Tue Apr 18, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: Value/Growth indices and overlapping bands
Replies: 21
Views: 1175

Re: Value/Growth indices and overlapping bands

Another good reason for having wide bands and slow transitioning is it might diminish the impact of anyone trying to front-run stocks that are anticipated to be run up by 'factor' chasers.. i.e. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2492953 ...firms which are predicted to transfer among...
by JoMoney
Tue Apr 18, 2017 10:56 am
Forum: Investing - Theory, News & General
Topic: Value/Growth indices and overlapping bands
Replies: 21
Views: 1175

Re: Value/Growth indices and overlapping bands

Aside from my belief that the factor tilts are silly, if it was something you were trying to do for whatever reason, it looks like Vanguard's Small-Value is the least small (SmB) and least valuey (HmL) compared to Russell 2000 Value and S&P 600 Small-Cap Value index funds PV Link Thanks, the fa...
by JoMoney
Tue Apr 18, 2017 3:04 am
Forum: Investing - Theory, News & General
Topic: Value/Growth indices and overlapping bands
Replies: 21
Views: 1175

Re: Value/Growth indices and overlapping bands

Aside from my belief that the factor tilts are silly, if it was something you were trying to do for whatever reason, it looks like Vanguard's Small-Value is the least small (SmB) and least valuey (HmL) compared to Russell 2000 Value and S&P 600 Small-Cap Value index funds
PV Link
by JoMoney
Mon Apr 17, 2017 11:46 pm
Forum: Investing - Theory, News & General
Topic: Is all the money flowing into index funds bad?
Replies: 21
Views: 2947

Re: Is all the money flowing into index funds bad?

The one issue I see is a bit extraneous. With index funds, who or whom exercises the voting rights of the shares of the companies owned by the index fund? I'm assuming no one. This would take time and effort on the part of someone to research and place votes. With no one exercising the voting right...
by JoMoney
Mon Apr 17, 2017 2:54 am
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 129
Views: 11807

Re: Do you have an umbrella policy?

What others are describing above sounds like an umbrella policy is a good way to bump the likely settlement value from your savings (leaving too small of a cut to be worth it for many lawyers) up to your savings + the umbrella limit. Anyways, I don't own a business, I have a clean driving record, I...
by JoMoney
Sun Apr 16, 2017 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: Conflicting Expense Ratios
Replies: 4
Views: 345

Re: Conflicting Expense Ratios

Your plan should give you documents with the actual ER. Don't just do a Google search...... :thumbsup Your plan should be providing you with the prospectus for the fund being offered. The prospectus will have the fees / expense ratio for your fund. Go with the documentation in your plan, but from t...

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