Search found 360 matches

by Kalo
Sun Jul 24, 2016 4:10 pm
Forum: Investing - Theory, News & General
Topic: King Solomon was the original Boglehead - historically speaking
Replies: 28
Views: 1899

Re: King Solomon was the original Boglehead - historically speaking

daviddo wrote:
...
"Whoever watches the wind will not plant; whoever looks at the clouds will not reap." (Don't time the market)
...


This one also makes me think of paralysis by analysis.

Kalo
by Kalo
Sat Jul 23, 2016 12:21 pm
Forum: Investing - Theory, News & General
Topic: LCG vs LCV over the last 23 years
Replies: 32
Views: 1984

Re: LCG vs LCV over the last 23 years

I think you got one of your tickers wrong in the original post. VGRIX = JPMorgan Growth And Income Fund Class A (the ticker in the original post) VIGRX = Vanguard Growth Index Fund Investor Shares (presumably the fund you meant to refer to) Anyway, aren't both of the funds you refer to Large Cap? I ...
by Kalo
Tue Jun 28, 2016 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Betting on the next industrial revolution?
Replies: 7
Views: 829

Re: Betting on the next industrial revolution?

I already lived through an attempt to do something like this. In the late 1990's I was heavily tilted toward the tech sector. I took a lot of losses for that mistake. Now I'm broadly diversified across sectors, countries, sizes and styles. And I also have a healthy percentage of my portfolio in bond...
by Kalo
Sat Jun 18, 2016 12:45 pm
Forum: Investing - Theory, News & General
Topic: Overcoming the Urge to Beat the Market.
Replies: 56
Views: 4995

Re: Overcoming the Urge to Beat the Market.

I have several reasons for why I gave up on trying to beat the market. Many were listed by others in posts above. But my main reason is that I do not have any extra money to lose at this point. I'm just on track for retirement. I may do better or worse, have to tighten my belt or be able to loosen i...
by Kalo
Sun May 29, 2016 6:39 pm
Forum: Investing - Theory, News & General
Topic: Books on Options
Replies: 57
Views: 2500

Re: Books on Options

I have a copy of The Rookie's Guide to Options: The Beginner's Handbook of Trading Equity Options, by Mark D Wolfinger. I recommend it as it is written in an easy-to-read style, yet has a great deal of detailed information. My reason for not trading options is because the one big variable seems to b...
by Kalo
Sat May 14, 2016 5:01 pm
Forum: Investing - Theory, News & General
Topic: NY Times article on the "tip of the iceberg" that is Puerto Rico
Replies: 76
Views: 11860

Re: NY Times article on the "tip of the iceberg" that is Puerto Rico

Even if this is true, it's only anecdotal evidence that muni bonds are a good idea. I don't think muni bonds are safe, just my opinion. But I also believe that the safety of Treasuries is generally overestimated. Treasuries are great for shallow risk, but I don't see how one is compensated for the ...
by Kalo
Sat May 14, 2016 4:51 pm
Forum: Investing - Theory, News & General
Topic: NY Times article on the "tip of the iceberg" that is Puerto Rico
Replies: 76
Views: 11860

Re: NY Times article on the "tip of the iceberg" that is Puerto Rico

http://www.nytimes.com/2016/05/11/business/dealbook/puerto-ricos-fiscal-fiasco-is-harbinger-of-mainland-woes.html?ref=business&_r=0 This isn't a Black Swan that you cannot see coming. Larry I have to comment on your phrasing Larry. My initial mental translation was: This is a Black Swan that yo...
by Kalo
Sat May 14, 2016 4:15 pm
Forum: Investing - Theory, News & General
Topic: NY Times article on the "tip of the iceberg" that is Puerto Rico
Replies: 76
Views: 11860

Re: NY Times article on the "tip of the iceberg" that is Puerto Rico

... Somewhere in my foggy memory banks, I faintly recall somewhere that Joe Kennedy parked the family fortune in muni bonds during the Great Depression and fared very well. I can't image any better test for muni bonds than the Great Depression. Even if this is true, it's only anecdotal evidence tha...
by Kalo
Sat May 14, 2016 3:21 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads® Wiki 2016 annual report
Replies: 21
Views: 2052

Re: Bogleheads® Wiki 2016 annual report

A sincere thank you to all who make this site possible and to all who contribute.

I have learned more from Bogleheads.org than from any other resource. I am forever grateful.

Kalo
by Kalo
Fri Apr 29, 2016 11:19 pm
Forum: Personal Consumer Issues
Topic: So, are Bogleheads Bourbon or Scotch drinkers?
Replies: 115
Views: 7840

Re: So, are Bogleheads Bourbon or Scotch drinkers?

I like Seagram's Extra Dry Gin and Diet Vernor's with plenty of ice. Crazy sounding drink, right? Try it some time. You won't even know you're drinking liquid. It's practically like inhaling fresh air, and you won't get a bad reaction no matter what you eat with it. I never drink any dark colored al...
by Kalo
Wed Apr 27, 2016 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: if you HAD to pick 2 actively managed funds???
Replies: 45
Views: 3590

Re: if you HAD to pick 2 actively managed funds???

Vanguard Capital Opportunity? Wellington? Munder Net Net Fund? Remember that one? Sadly, I do remember the Munder Net Net fund. I can't remember all the details but I was in this fund for about a year. I think I may have invested $1,000 and cashed out about $400 or so. I was also in a fund called T...
by Kalo
Sun Apr 24, 2016 7:48 pm
Forum: Investing - Theory, News & General
Topic: dividend stocks
Replies: 175
Views: 10792

Re: dividend stocks

Larryswedroe, I appreciate your posts on this subject. This is one of many parts of investing where my intuition runs contrary to what the academic literature suggests. If it weren't for posts like yours to give me alternative points of view, backed up by logic, math and academic studies, I think I ...
by Kalo
Sun Apr 03, 2016 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: is foreign investing really worth it
Replies: 90
Views: 6215

Re: is foreign investing really worth it

Regarding the under-performance of international, consider this. There are also parts of US that have under-performed, but it's not as obvious because those segments are combined with TSM. Some are saying that high dividend yielders and utilities may be overbought now. But of course those saying it ...
by Kalo
Mon Feb 08, 2016 9:03 pm
Forum: Investing - Theory, News & General
Topic: Dividend Reliability Studies
Replies: 14
Views: 1419

Re: Dividend Reliability Studies

Thanks to larryswedroe, Clive, biscuits222 and patrick013 for your replies.

Good information and I now have some reading to do. I am getting an education as usual and I appreciate the citations for further reading. Nothing is ever as simple as it first seems.

:)

Kalo
by Kalo
Sun Feb 07, 2016 9:11 pm
Forum: Investing - Theory, News & General
Topic: Dividend Reliability Studies
Replies: 14
Views: 1419

Re: Dividend Reliability Studies

Well after reading http://www.efficientfrontier.com/ef/902/vgr.htm I am now probably more confused than before regarding the riskiness of growth vs value. Is it perhaps an unresolved issue?

Kalo
by Kalo
Sun Feb 07, 2016 7:43 pm
Forum: Investing - Theory, News & General
Topic: Dividend Reliability Studies
Replies: 14
Views: 1419

Re: Dividend Reliability Studies

Kalo Value stocks are the stocks of RISKIER COMPANIES. And in fact their SD of price is also higher both in large and in small, another measure of risk---when you use the longest data series we have. They have lower prices to book market or earnings, etc. That is what he meant by margin of safety. ...
by Kalo
Sun Feb 07, 2016 7:38 pm
Forum: Investing - Theory, News & General
Topic: Dividend Reliability Studies
Replies: 14
Views: 1419

Re: Dividend Reliability Studies

Perhaps look at the dividend indexes ? NASDAQ dividend achievers only has 50 stocks (VG Dividend Growth Fund) and the Wisdom Tree top 100 ex-financials are common. What the market index is for dividends is a good question. Thanks for the ideas patrick013. I guess I was just surprised that dividends...
by Kalo
Sun Feb 07, 2016 7:30 pm
Forum: Investing - Theory, News & General
Topic: Dividend Reliability Studies
Replies: 14
Views: 1419

Re: Dividend Reliability Studies

what I can say is that the research found that the SD of dividends of value stocks (along with the SD of earnings) is much higher for value than for growth---and that is a simple risk story for the value premium Larry Thanks Larry for the reply. I did not think that would be the case but the way yo...
by Kalo
Sun Feb 07, 2016 5:19 pm
Forum: Investing - Theory, News & General
Topic: Dividend Reliability Studies
Replies: 14
Views: 1419

Dividend Reliability Studies

I downloaded some data from Schiller showing the history of dividends of S&P 500. I was surprised at how variable dividends have been over the last century, in both real (adjusted against CPI) and nominal terms. Does anyone know of any studies of historical dividend reliability? By reliability I...
by Kalo
Wed Sep 30, 2015 10:21 am
Forum: Investing - Theory, News & General
Topic: International diversification may not be good for US retirees
Replies: 71
Views: 6002

Re: International diversification may not be good for US retirees

The way I read the title of this thread is: "International diversification may or may not be good for US retirees." I'm not joking or being sarcastic. That is literally what the title means to me. Now, here's my reason for holding 40% of my equity position in VTIAX (Vanguard Total Internat...
by Kalo
Thu Sep 24, 2015 6:53 pm
Forum: Investing - Theory, News & General
Topic: VW stock goes from 170 to almost 100 and falling, good time to buy?
Replies: 169
Views: 17171

Re: VW stock goes from 170 to almost 100 and falling, good time to buy?

If you pick about 20 stocks, you are just as diversified as the index or any mutual fund. That's an urban legend. No, it's actually shown by Nobel Prize winner Malkiel in "Random Walk down Wall Street". I suggest you pick up a copy. Here's another take: http://www.efficientfrontier.com/ef...
by Kalo
Tue Sep 22, 2015 11:05 pm
Forum: Investing - Theory, News & General
Topic: VW stock goes from 170 to almost 100 and falling, good time to buy?
Replies: 169
Views: 17171

Re: VW stock goes from 170 to almost 100 and falling, good time to buy?

If you pick about 20 stocks, you are just as diversified as the index or any mutual fund. And ALL are equally exposed to black swam events like this. You seem to be saying that the impact on your portfolio of a steep decline of a single stock is the same whether that stock is one of 20 or 1 of 3814...
by Kalo
Tue Sep 22, 2015 10:51 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Unveils Two International Dividend Funds]
Replies: 26
Views: 3406

Re: [Vanguard Unveils Two International Dividend Funds]

Way too expensive for me. I own some VIG, but have often questioned the choice. But it's only about 4% of my total portfolio. Don't the international countries hold back some of the dividends that would otherwise be paid to shareholders if you are not a comrade or compatriot? So wouldn't it make mor...
by Kalo
Sun Sep 20, 2015 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Out of I-bond emergency fund and into .... what?
Replies: 22
Views: 2554

Re: Out of I-bond emergency fund and into .... what?

I bonds are a great investment?? Yes, if you purchased them 10, 12, 14 years ago. New ones now yield 0% fixed and -0.80% inflation. Why on earth would anyone buy I bonds now? I still have a bunch from the good old days yielding 4.91%, but that will drop with no inflation. I've sold all the ones I p...
by Kalo
Sat Sep 19, 2015 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Out of I-bond emergency fund and into .... what?
Replies: 22
Views: 2554

Re: Out of I-bond emergency fund and into .... what?

I don't understand why the I Bonds are not easy to access if necessary. I would hate to give up the I Bond space. I wish I could get more of it. To me, I Bonds are a great investment, and I would forego some other investment to fund my emergency fund rather than lose the space, since it can only be ...
by Kalo
Sat Sep 19, 2015 7:41 pm
Forum: Investing - Theory, News & General
Topic: Are TIPS really inflation protected, if 1% return does not make up for 1% inflation?
Replies: 25
Views: 2903

Re: Are TIPS really inflation protected, if 1% return does not make up for 1% inflation?

It is interesting that one rarely hears talk of the real taxation rate. I am quite sure that the average person on the street does not know they are paying taxes on returns that only kept them even with inflation. Twas ever thus, and also, one could make the argument that the government needs what ...
by Kalo
Sat Sep 19, 2015 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Free Kindle Downloads Today
Replies: 49
Views: 4890

Re: Free Kindles Today

I really appreciate the heads up on this. I downloaded them all and will read them soon. I had already read the short one but it's nice to have it in kindle format (just had it in a pdf somehow). I thought your Four Pillars book was so great and it has forever changed my perspective on investing. I ...
by Kalo
Sat Sep 19, 2015 2:14 pm
Forum: Investing - Theory, News & General
Topic: Schwab "Rethinking Asset Allocation"
Replies: 47
Views: 4328

Re: Schwab "Rethinking Asset Allocation"

Here's my take just using my intuition: Regarding commodities: they should just keep up with inflation, generally. They don't have a profit model. Commodities are lazy. They just sit there. If you have a pile of something and sell it, the pile is gone. So you don't sell it, you just hold it. But the...
by Kalo
Mon Sep 07, 2015 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: VNQ yields 4.1%, so does 100% VNQ makes sense [Vg REIT index]
Replies: 19
Views: 2250

Re: VNQ yields 4.1%, so does 100% VNQ makes sense

I seem to recall an additional reason that makes them even better in a Roth than in a Traditional. Something to do with taxes maybe? But not just tax deferral. I just can't remember what it was. The advantage is not specific to REITs, but to any stocks. The RMD rules make it slightly better to hold...
by Kalo
Mon Sep 07, 2015 3:28 pm
Forum: Investing - Theory, News & General
Topic: Are TIPS really inflation protected, if 1% return does not make up for 1% inflation?
Replies: 25
Views: 2903

Re: Are TIPS really inflation protected, if 1% return does not make up for 1% inflation?

It is interesting that one rarely hears talk of the real taxation rate. I am quite sure that the average person on the street does not know they are paying taxes on returns that only kept them even with inflation. Twas ever thus, and also, one could make the argument that the government needs what i...
by Kalo
Mon Sep 07, 2015 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: VNQ yields 4.1%, so does 100% VNQ makes sense [Vg REIT index]
Replies: 19
Views: 2250

Re: VNQ yields 4.1%, so does 100% VNQ makes sense

As with any sector funds, REITs should be used to complement an already diversified portfolio. Holding 100% is quite frankly the equivalent of putting all your eggs in one basket. As for why it's recommended in tax-advantaged accounts, REIT funds/ETFs generate significant dividends that are always ...
by Kalo
Mon Sep 07, 2015 2:49 pm
Forum: Investing - Theory, News & General
Topic: The Bogleheads' Silent Majority
Replies: 255
Views: 38047

Re: The Bogleheads' Silent Majority

I keep pretty good track of my portfolio. I am mostly looking at the AA percentages, but I also notice the absolute dollar value. My recollection is that my portfolio was about 62% stocks, 38% bonds, and 40% of equities in international not too long ago. Recently it changed to 60% stocks and 40% bon...
by Kalo
Mon Sep 07, 2015 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: VNQ yields 4.1%, so does 100% VNQ makes sense [Vg REIT index]
Replies: 19
Views: 2250

Re: VNQ yields 4.1%, so does 100% VNQ makes sense

It's extremely concentrated compared to a 3-fund. Much riskier. I wouldn't do it. Old adage: don't chase yield. You could tilt toward it. I wouldn't put more than 5% of total portfolio though. There's also an international version, VNQI I think. That would help with the diversification, but not much...
by Kalo
Mon Sep 07, 2015 2:11 pm
Forum: Investing - Theory, News & General
Topic: Pascal's wager and insurance decisions
Replies: 27
Views: 3049

Re: Pascal's wager and insurance decisions

I have found that pre-paying for services is best avoided. I'm not even that comfortable with the concept of a SPIA, because I would worry about the insurance company failing. But at least with that, I know what my cost is. My problem with LTCi is that you have these unknowns (both the cost and the ...
by Kalo
Fri Aug 28, 2015 9:27 pm
Forum: Investing - Theory, News & General
Topic: Having fun on CNBC Halftime Report today
Replies: 19
Views: 3033

Re: Having fun on CNBC Halftime Report today

What about the fact that a further strengthening dollar (which we would expect from a rate increase while the rest of the world is decreasing rates) hurts US exports? Kalo Could be. It could also be that domestic demand increases more and overshadows a small drop in foreign exports. Rick Ferri Than...
by Kalo
Fri Aug 28, 2015 8:46 pm
Forum: Investing - Theory, News & General
Topic: Having fun on CNBC Halftime Report today
Replies: 19
Views: 3033

Re: Having fun on CNBC Halftime Report today

What about the fact that a further strengthening dollar (which we would expect from a rate increase while the rest of the world is decreasing rates) hurts US exports?

Kalo
by Kalo
Fri Aug 28, 2015 8:38 pm
Forum: Personal Consumer Issues
Topic: Keezel Connectivity Device
Replies: 4
Views: 1164

Re: Keezel Connectivity Device

Thanks all for your replies.
by Kalo
Tue Aug 25, 2015 3:55 pm
Forum: Personal Consumer Issues
Topic: Keezel Connectivity Device
Replies: 4
Views: 1164

Keezel Connectivity Device

Has anyone heard of the Keezel device? I just saw an ad for it and am wondering if any of the Bogleheads have any opinions on it regarding value, safety, usefulness, etc.
by Kalo
Sun Aug 16, 2015 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Re-evaluating AA and %international equity
Replies: 16
Views: 2008

Re: Re-evaluating AA and %international equity

Earlier this year I read that Vanguard was going to change the Int'l % of Equity from 30% to 40% in its Target Date funds. At the time I made the incorrect assumption that this would be an instantaneous change. Since I am replicating this in my own portfolio, I made this change at the time I read ab...
by Kalo
Sun Jun 07, 2015 8:26 pm
Forum: Investing - Theory, News & General
Topic: What is the opposite of longevity risk?
Replies: 30
Views: 2594

Re: What is the opposite of longevity risk?

"In the absence of clarity, diversification is the only logical strategy" - Larry Swedroe. So in this case, one would diversify between extreme saving and extreme spending, and instead just spend some and save some. I think part of this depends on the individual and how one feels about the...
by Kalo
Sat May 30, 2015 10:33 pm
Forum: Investing - Theory, News & General
Topic: Clements blog-dividend stocks for retirement income
Replies: 58
Views: 6501

Re: Clements blog-dividend stocks for retirement income

I see two parts to this discussion: dividend stocks Vs other stocks, and dividend stocks Vs bonds. I don't think dividend stocks are anything like bonds and I would never mix the two together for determining AA. As compared to other stocks, my problem with a concentration in dividend stocks is that ...
by Kalo
Sun Mar 08, 2015 10:04 pm
Forum: Personal Consumer Issues
Topic: Home workouts and motivation
Replies: 60
Views: 4501

Re: Home workouts and motivation

For weights, I have dumb bells and a bench in my den. You can do quite a few exercises with that, and it takes up very little space. For lower body, I just rely on walking. My knees can't take weight machines anyway. I also have an exercise bike which I should ride more but I don't seem to do it. Go...
by Kalo
Sun Mar 08, 2015 4:35 pm
Forum: Investing - Theory, News & General
Topic: Retirement Withdrawals
Replies: 16
Views: 2573

Re: Retirement Withdrawals

Since you mentioned not needing to leave a legacy, you may also want to look into funding a portion of your retirement with Single Premium Income Annuities.

Kalo
by Kalo
Sat Mar 07, 2015 6:07 pm
Forum: Investing - Theory, News & General
Topic: interest rate increase looming. what you gonna do ?
Replies: 65
Views: 7867

Re: interest rate increase looming. what you gonna do ?

My current Bond AA is: GIC (through 401-K): 17% of bond portion VBIRX (Vanguard Short-Term Bond: 70.5% of bond portion I Bonds: 12.5% of bond portion My bonds are 32.9% of total portfolio. I would like to move my VBIRX to a fund with a longer duration, but I've been waiting on interest rates to rise...
by Kalo
Tue Mar 03, 2015 2:02 am
Forum: Investing - Theory, News & General
Topic: Taylor Larimore Honored
Replies: 59
Views: 7425

Re: Taylor Larimore Honored

Congratulations, Taylor!

Kalo
by Kalo
Mon Mar 02, 2015 1:53 am
Forum: Personal Consumer Issues
Topic: How do I learn to like sushi?
Replies: 80
Views: 8671

Re: How do I learn to like sushi?

I have not read the entire thread, just the OP. Sushi is really rice, usually wrapped in seaweed I believe. It can contain raw fish, eggs, or vegetables. My problem with it is that I'm afraid of raw fish. It can potentially be poisonous. This may be a rare effect but that doesn't comfort me. I have ...
by Kalo
Sun Mar 01, 2015 1:07 pm
Forum: Investing - Theory, News & General
Topic: Recovering Your Investment after a Loss
Replies: 12
Views: 1668

Re: Recovering Your Investment after a Loss

I agree that it is good to understand this concept of how long it takes to get back to where you were prior to the loss. Not because the numbers will really play out the way they are calculated, but rather because it helps people understand how long it can take to recover from an extreme loss. Hopef...
by Kalo
Thu Feb 26, 2015 6:19 pm
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 235
Views: 31325

Re: Vanguard Strikes Back With Lower Target-Date Fees

I would like to know how they came up with the new percentages. Since these are not total world market percentages, presumably they went through an analysis to get to the new percentages. I do see that if you look at the box in figure 3 shown in the paper at https://institutional.vanguard.com/iwe/pd...
by Kalo
Thu Feb 26, 2015 5:29 pm
Forum: Personal Consumer Issues
Topic: Beepi - a new way to buy a used car?
Replies: 32
Views: 5441

Re: Beepi - a new way to buy a used car?

I actually had a pretty good experience buying new from a dealership within the last 6 months. I was somewhat surprised. I might not have got the best price, and they did initially try to tell me that I would never beat the current offer they were making, and then called me back later with a better ...
by Kalo
Tue Feb 17, 2015 6:24 pm
Forum: Personal Consumer Issues
Topic: Recommend a movie for a lonely Boglehead on Valentine's day
Replies: 87
Views: 6117

Re: Recommend a movie for a lonely Boglehead on Valentine's

The Holiday is a nice romantic movie. It's more of a Christmas/New Years film, but I could watch it any time of year.

I also recommend Napoleon Dynamite. People either love it or hate it, but it's full of romance and eccentric characters.

Kalo

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