Search found 66 matches

by LibertyLover
Wed Jan 18, 2017 3:33 pm
Forum: Investing - Theory, News & General
Topic: Factor-Diversified Portfolio
Replies: 116
Views: 7279

Re: Factor-Diversified Portfolio

Thanks Larry.
I hold a bit of BRSIX and wanted to make sure it didn't have any problems in the way it was constructed as you had mentioned the issues with some micro-cap funds and their factor breakdowns. It will be a keeper for me.
by LibertyLover
Tue Jan 17, 2017 5:55 am
Forum: Investing - Theory, News & General
Topic: Factor-Diversified Portfolio
Replies: 116
Views: 7279

Re: Factor-Diversified Portfolio

Your percentages are within reason. Now, come on, how do you know that? First, you haven't computed anything. Second, you don't know selters' utility functions or risk aversion or whatever. Perhaps I could have been more clear. What I was saying was that the allocation was reasonable, not out to le...
by LibertyLover
Mon Jan 16, 2017 9:04 pm
Forum: Investing - Theory, News & General
Topic: The gulf between MOM fund returns and MOM factor returns
Replies: 30
Views: 1627

Re: The gulf between MOM fund returns and MOM factor returns

One of the authors’ more interesting discoveries is that “the lethal combination for microcaps is low profitability and high investment; low profitability alone doesn’t appear to be a problem.” However, Fama and French found that this problem does not hold for large stocks with low profitability an...
by LibertyLover
Mon Jan 16, 2017 8:44 pm
Forum: Investing - Theory, News & General
Topic: Factor-Diversified Portfolio
Replies: 116
Views: 7279

Re: Factor-Diversified Portfolio

For adherents of a factor diversified portfolio, would something like 50% US Large Cap 20% US Mid Cap 30% US Small Cap be considered better diversified than TSM? Your percentages are within reason but you've only addressed the size factor. At the very least, to address multiple factors (in your wor...
by LibertyLover
Sat Jan 14, 2017 8:21 am
Forum: Investing - Theory, News & General
Topic: Factor-Diversified Portfolio
Replies: 116
Views: 7279

Re: Factor-Diversified Portfolio

triceratop wrote:What was your vector in obtaining access to DFA funds? If not a 401k what was the fee you paid to get access, even sans an advisor?


It happens to be the only emerging market fund in my 401k. I got lucky, hopefully they never switch funds.
by LibertyLover
Fri Jan 13, 2017 8:16 pm
Forum: Investing - Theory, News & General
Topic: Factor-Diversified Portfolio
Replies: 116
Views: 7279

Re: Factor-Diversified Portfolio

I do what would be a very aggressive tilt: 50% small cap value 35% emerging markets value (I don't see a compelling small cap option and have access to DFA Emerging Market Value without an advisor). 15% International Small Cap Value A REIT allocation is taken care of with my small cap fund. Funds us...
by LibertyLover
Thu Jan 12, 2017 5:15 am
Forum: Investing - Theory, News & General
Topic: 2016 Callan Periodic Table of Investment Returns
Replies: 27
Views: 2848

Re: 2016 Callan Periodic Table of Investment Returns

Bobinbrea,

I wasn't sure how to upload a PDF so I loaded it onto my Google drive to share.
https://drive.google.com/file/d/0B8JsbZRe5NOURVdyNHBlWTZ0RHM/view?usp=drivesdk
by LibertyLover
Wed Jan 11, 2017 6:35 pm
Forum: Investing - Theory, News & General
Topic: 2016 Callan Periodic Table of Investment Returns
Replies: 27
Views: 2848

Re: 2016 Callan Periodic Table of Investment Returns

jrbdmb wrote:Link to the table, please?

PDF will download from this link: https://www.callan.com/research/files/1309.pdf

They may have you register..... it's free.
by LibertyLover
Tue Jan 10, 2017 11:39 pm
Forum: Investing - Theory, News & General
Topic: 2016 Callan Periodic Table of Investment Returns
Replies: 27
Views: 2848

2016 Callan Periodic Table of Investment Returns

https://s27.postimg.org/ay5nf9ec3/Capture.png Here is the updated Callan Periodic Table of Returns updated through the end of 2016. 2016 was a great year for Small Cap Value and Small Cap Blend. both were in the bottom half the last two years. Rather than chasing returns in the top asset classes, t...
by LibertyLover
Sat Jan 07, 2017 7:54 am
Forum: Investing - Help with Personal Investments
Topic: 8.5% for 2016. Can I do better????
Replies: 27
Views: 4580

Re: 8.5% for 2016. Can I do better????

Your portfolio is decent. If you wanted to, you could increase risk to potentially increase returns by increasing your allocation to emerging markets (maybe 5-10%). Please be aware of the volitility and potential down years that could occur with this approach. You have to be willing to stock with it...
by LibertyLover
Sat Jan 07, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 5296

Re: What monetary value has your education provided you?

Your earnings compared to what you paid for school and lost in income during college years does not bring you to an accurate eturn on investment calculation. What about what your returns without the investment? A very simplified example: You paid $100,000 for schooling. You made $80,000/yr for 20 ye...
by LibertyLover
Fri Jan 06, 2017 2:22 pm
Forum: Investing - Theory, News & General
Topic: Timing small caps vs. large caps using valuation
Replies: 5
Views: 515

Re: Timing small caps vs. large caps using valuation

Two follow ups to the small cap valuation discussion.. 1. Small cap valuation should be considered against the valuation of large caps. I've had trouble finding the historical ratio of the two asset classes. Dating small caps p/e ratio is high is somewhat irrelevant of large call is also high. 2. Du...
by LibertyLover
Thu Jan 05, 2017 3:47 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Purchase
Replies: 38
Views: 3583

Re: Bitcoin Purchase

I have a few friends who did extremely well by buying Bitcoin near the beginning. One family I know paid for the house off the money they made off Bitcoin. The time to invest was when it had value. Putting money in when it was at single or double digits/Bitcoin was a lower risk higher reward proposi...
by LibertyLover
Wed Jan 04, 2017 8:25 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1275
Views: 205491

Re: What are you up YTD? [Year To Date]

For 2016: +11.7% 100% stocks Over the average with small cap and emerging market allocations. Under the average with international developed and a few US funds I got rid off earlier in the year from pre-bogleheads. Current portfolio: SC (will bring up to 50%) 16% BRSIX 22% VSCIX iSCV 15% FSIVX Movin...
by LibertyLover
Sat Dec 31, 2016 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: International Small Cap Value?
Replies: 23
Views: 1859

Re: International Small Cap Value?

I was searching for the same type of fund not too long back and got some help here: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=201941&p=3094259#p3094259 To me it came down to two mutual funds (I don't have access to ETFS...But there are equivalents): SFILX Schwab Fundamental Int Sm...
by LibertyLover
Sat Dec 24, 2016 9:42 am
Forum: Investing - Theory, News & General
Topic: 1 to 2 year periods of value or growth dominance
Replies: 26
Views: 1666

Re: 1 to 2 year periods of value or growth dominance

Having a value tilt has been nice this year. But it probably won't last more then a year or so out i.e. growth will have it's turn. Perhaps the short cycle may have a year or so left but keep in mind, growth outperformed value for a 6 year period. It is likely that value will outperform growth for ...
by LibertyLover
Wed Dec 21, 2016 5:55 am
Forum: Investing - Theory, News & General
Topic: frustrating to keep investing in international/EM
Replies: 179
Views: 17469

Re: frustrating to keep investing in international/EM

Reviving this. Going to be 6 years now for International/EM to underperform. Reversion to mean is getting more and more frustrating but hopefully likely. How is EM getting lumped in without mentioning the great year it has had. My EM fund is up 19.29% YTD and that is after an almost 3% drop last we...
by LibertyLover
Wed Dec 14, 2016 6:36 am
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 223
Views: 34281

Re: I'm Calling an Emerging Markets Bottom

This thread is now so last year. Tell us when the Top happens, preferably the day before. :) I get the sentiment. In comparison to other assets it still seems that emerging markets is the most undervalued. Developed international may be a bit cheaper but US markets I would place higher. Small caps,...
by LibertyLover
Tue Dec 13, 2016 6:24 pm
Forum: Personal Consumer Issues
Topic: How old is your vehicle?
Replies: 200
Views: 13465

Re: How old is your vehicle?

Wife's: 2006 with 150,000 miles
Mine: 2006 with 190,000 miles (only drive a few times a week as I use my company car for business commute).
by LibertyLover
Fri Dec 09, 2016 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Value / Small Tilters, please weigh in....
Replies: 4
Views: 725

Re: Value / Small Tilters, please weigh in....

In your opinion, have I overweighted my portfolio too far toward small? The value tilt with 46% in its column looks about right to me. The reason that I'm concerned is that other, much more knowledgeable members here have advocated tilting only 20% to small. What would the M* style box look like fo...
by LibertyLover
Thu Nov 17, 2016 7:06 am
Forum: Personal Finance (Not Investing)
Topic: [Spouses with no interest in investing]
Replies: 62
Views: 6055

Re: [Spouses with no interest in investing]

It's not essential that he learns about investing. But he should hand over the reigns so you can take care of it. In that case he should just give you the password to his 401k and you should take care of it (set it up... determine contribution rates etc). It sounds like your finances are not combine...
by LibertyLover
Mon Nov 14, 2016 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Bonds suck
Replies: 46
Views: 6537

Re: Bonds suck

Bonds prices go up when interest rates go down and vice versa. The best time for bond performance is before a crash when the Fed lowers rates. The higher interest bond is worth more than bonds at the current rate. When rates go up, investors won't pay full price for a bond with a lower interest rate...
by LibertyLover
Sat Nov 12, 2016 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: EM buying opportunity? [Emerging Markets]
Replies: 35
Views: 4078

Re: EM buying opportunity?

jalbert wrote:I think the market is pricing in greater risk in EM after the US election and with inflation data increasing the odds of Fed tightening.


I'm not an expert but isn't the drop in EM more related to currency fluctuations?
by LibertyLover
Wed Nov 09, 2016 5:28 am
Forum: Investing - Theory, News & General
Topic: Just don't panic
Replies: 61
Views: 8893

Re: Just don't panic

International allocation is in play I believe. At least short term.
by LibertyLover
Sun Nov 06, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Help comparing job opportunity pension vs 401k
Replies: 13
Views: 1118

Re: Help comparing job opportunity pension vs 401k

In evaluating you should consider both the risk and reward sides. Risk of the public position: Leaving the job before 5 year vesting period for pension would leave you with no pension (laidoff, dissatisfied, better opportunity etc.). No social security contributions: Less ability to change jobs due ...
by LibertyLover
Thu Nov 03, 2016 8:43 pm
Forum: Investing - Theory, News & General
Topic: Doubting Your Portfolio Tilts
Replies: 51
Views: 4781

Re: Doubting Your Portfolio Tilts

I think there is no reason to tilt unless you are going to buy things when they perform worse than the total market funds and sell things when they perform better than the total market funds. That is, one must rebalance when these things happen. I see that many people want to practice "buy-and...
by LibertyLover
Sun Oct 30, 2016 9:46 am
Forum: Investing - Theory, News & General
Topic: Cap Weighted Index vs Equal Weighted Index
Replies: 14
Views: 1067

Re: Cap Weighted Index vs Equal Weighted Index

There is also fundimentaly weighted indexes. Many different options for indexers now.
by LibertyLover
Tue Oct 25, 2016 5:31 am
Forum: Investing - Help with Personal Investments
Topic: Tilters: Help choose an international small cap fund
Replies: 17
Views: 1827

Re: Tilters: Help choose an international small cap fund

....the more important difference between the two funds is that Schwab's fund is all developed, while Vanguard's includes emerging markets. (This is the main reason for the outperformance; developed markets have outperformed emerging markets recently.) Interestingly EM has over performed YTD, but t...
by LibertyLover
Mon Oct 24, 2016 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Tilters: Help choose an international small cap fund
Replies: 17
Views: 1827

Tilters: Help choose an international small cap fund

I am looking for a small cap international fund to tilt my international with in a 401k. My options are any mutual fund available through Fidelity (I'm using brokerlink) which does not have the Wisdom Tree or DFA Funds. I can not invest in ETFs on this plan. It appears the top funds available would ...
by LibertyLover
Thu Sep 15, 2016 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Is anyone else feeling courageous enough to buy today?
Replies: 90
Views: 7056

Re: Is anyone else feeling courageous enough to buy today?

No I'm just a new investor that is tentative about investing, Not sure what I'm doing, I don't have any confidence. Shakenbake, everyone's been trying to get you to just put your cash into the market as far back as May. In that time the market is up about 4% (total market or SP500) or as much as 5....
by LibertyLover
Mon Aug 29, 2016 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Good School District or Private School?
Replies: 77
Views: 4931

Re: Good School District or Private School?

Take a look at public charter schools as well. If they are set up like where I am your tax dollars follow you to the school so tuition is paid. They often have smaller class size and less restrictive more innovative teaching methods. https://en.m.wikipedia.org/wiki/List_of_state-operated_charter_sch...
by LibertyLover
Mon Aug 15, 2016 5:41 am
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 223
Views: 34281

Re: I'm Calling an Emerging Markets Bottom

We still don't appear to be overvalued. EM is up in 2016 almost at the level of what it lost in 2015, so there should still be plenty of room for growth.

Vanguard Emerging Markets Stock Index Fund Admiral Shares VEMAX
2015 -15.35%
2016 +12. 82%

1 year return of +5.83%
by LibertyLover
Wed Aug 03, 2016 6:48 am
Forum: Personal Consumer Issues
Topic: Should I flip my neighbor's house to save the neighborhood?
Replies: 72
Views: 7291

Re: Should I flip my neighbor's house to save the neighborhood?

Consider this: If owned less than a year you will pay short-term capital gains tax (taxed at your ordinary tax rate... cost basis is the original sales price plus cost of remodel). If owned more than two years you can either: Qualify for a capital gains exemption of you've lived in the house 2 of th...
by LibertyLover
Fri Jul 22, 2016 7:49 am
Forum: Investing - Theory, News & General
Topic: I'm down 44.22% YTD, 48.93% in 52 weeks
Replies: 51
Views: 12419

Re: I'm down 44.22% YTD, 48.93% in 52 weeks

I'd be intrigued to hear some follow up on those that took a 40% and kept adding money throughout. Seems like they would recover very well.
by LibertyLover
Fri Jul 15, 2016 7:01 am
Forum: Investing - Theory, News & General
Topic: Just as hard to lose to the market as to beat it?
Replies: 53
Views: 4223

Re: Just as hard to lose to the market as to beat it?

SP500 without the largest 10% would out perform the full SP500 (as the top companies have already grown to their peak and have nowhere to go but down.... see Microsoft, GE, Wal-mart which have fallen when the top).
by LibertyLover
Thu Jul 07, 2016 6:39 am
Forum: Investing - Help with Personal Investments
Topic: Slice-n-Dice 401K Contributions: What's you method for hitting asset class allocation % targets w/out fractional shares?
Replies: 22
Views: 1533

Re: Slice-n-Dice 401K Contributions: What's you method for hitting asset class allocation % targets w/out fractional sha

LetsQuitTheGrind wrote:-I could just buy the loser asset classes to constantly rebalance (what I've done in the past) but Merriman believes this costs you returns in excess of 1%.


Is there a link to an explanation of this? I'm not following the reasoning on why it would lower returns.
by LibertyLover
Wed Jul 06, 2016 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: What is turnover and how does it impact investments?
Replies: 13
Views: 1005

Re: What is turnover and how does it impact investments?

It is important to know these costs are not reported in the ER but might be extracted from annual reports. Vanguard generally does a pretty good job keeping such costs very low. Some actively managed funds are terrible in this regard. How could the expenses due to turnover already not be accounted ...
by LibertyLover
Sat Jul 02, 2016 11:53 pm
Forum: Investing - Theory, News & General
Topic: The G.I. Joe Fallacy
Replies: 29
Views: 5144

Re: The G.I. Joe Fallacy

You all may diss it, but I have put into my IPS that I MUST buy when the markets go down in certain ways. I find it amusing to read all the media articles about not selling when the markets go down, but the articles about buying are pretty much non-existent at those times. That is, the way to not s...
by LibertyLover
Thu Jun 30, 2016 9:32 pm
Forum: Investing - Theory, News & General
Topic: At what point do we market time?
Replies: 87
Views: 6701

Re: At what point do we market time?

Edit - I'm not content letting this rest, so I used the data on multipl.com, PE10 values reported January 1. http://i.imgur.com/TAs7i6c.png When PE10 was 40+ on 1/1/1999, was that an abnormal event? When it hit 25 in 1996-1997, how many std deviations was it? We are currently at 26.11 PE10. If your...
by LibertyLover
Thu Jun 30, 2016 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Do I worry about turnover rate in RothIRA?
Replies: 6
Views: 502

Re: Do I worry about turnover rate in RothIRA?

In the sense that a higher turnover is a sign of an actively managed fund. My (passive) funds range from 1 to 11%. I don't get overly concerned at the differences once they get that low.

The majority of us stay away from active managed funds.
by LibertyLover
Wed Jun 29, 2016 7:53 am
Forum: Investing - Theory, News & General
Topic: Another argument against "price drop means stocks are on sale"
Replies: 101
Views: 6113

Re: Another argument against "price drop means stocks are on sale"

OP is looking at buying at the dips as a strategy that holds cash out of the market. I believe Livesoft touched on the flaw, that's not what most of us do. A couple ways I buy at the dip: 1. With new money allocated towards the asset class that dipped the most (automatic payroll deductions not holdi...
by LibertyLover
Tue Jun 28, 2016 11:55 am
Forum: Personal Consumer Issues
Topic: Alternatives to Traditional Pasta?
Replies: 52
Views: 3502

Re: Alternatives to Traditional Pasta?

dependapotamus wrote:Spaghetti squash is gluten free and can be tasty.


Spaghetti Squash will probably be tastier then any other alternative pasta or spiralized veggie.
by LibertyLover
Tue Jun 14, 2016 6:18 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity 401k through employer
Replies: 27
Views: 1812

Re: Fidelity 401k through employer

80% FXSIX, 20% VTSNX Mind a brief reason? looking to learn as well :) Very good mindset! Just following without understanding can get you in trouble. Personally, I like to slice and dice whereas many here stick to the SP500 or Total Market Funds. Depending on your risk tolerance, adding the Vanguar...
by LibertyLover
Fri Jun 10, 2016 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Fund Exchanges
Replies: 5
Views: 304

Re: Fund Exchanges

Depends if the funds do or don't have high correlation. If they are mildly uncorrelated you can try to sell when the selling fund has outperformed the buying fund.

Selling at a lower value to save capital gains tax doesn't make sense to me. You're locking in less return.
by LibertyLover
Thu Jun 09, 2016 8:32 pm
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 118
Views: 7878

Re: What is your overall portfolio weighted expense ratio

I'm surprised how low mine is. All my accounts money weighted it is .14% Only that high due to my emerging market allocation. DFA Emerging Markets Value Portfolio Institutional Class Fund 0.56% Fidelity Spartan® Extended Market Index Fund Fidelity Advantage Class 0.07% Fidelity Spartan International...
by LibertyLover
Wed Jun 08, 2016 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Company Being Acquired - Any Advice?
Replies: 51
Views: 6347

Re: Company Being Acquired - Any Advice?

Fortune 500 companies generally have good 401k programs and benefits. Having been working for a company that was acquired and having relatives at another company that was acquired, I'll suggest that if your job is needed after the acquisition you'll be fine. In our situation we were given a severanc...
by LibertyLover
Tue Jun 07, 2016 6:03 pm
Forum: Investing - Theory, News & General
Topic: At what point do we market time?
Replies: 87
Views: 6701

Re: At what point do we market time?

If the high valuation was isolated to US stocks I would feel comfortable increasing my allocation to international stocks. Not pulling 100% out of US stocks though.

I wouldn't play with the bond/equity ratio as the question becomes when to come back into stocks.
by LibertyLover
Mon Jun 06, 2016 5:15 am
Forum: Investing - Theory, News & General
Topic: Strong dollar effect and currency exposure
Replies: 12
Views: 1761

Re: Strong dollar effect and currency exposure

Stumbled upon my answer: To understand the currency piece, consider a fund that buys securities denominated in a hypothetical currency we'll call zils. If the dollar is worth five zils, a $10,000 investment buys securities worth 50,000 zils. Now, let's say the dollar weakens to four zils -- meaning ...
by LibertyLover
Mon Jun 06, 2016 5:06 am
Forum: Investing - Theory, News & General
Topic: Strong dollar effect and currency exposure
Replies: 12
Views: 1761

Re: Strong dollar effect and currency exposure

I've been considering the effect of the dollar on my unhedged international returns as well. Here is my logic I am uncertain is true: The dollar is high wouldn't that mean I get more shares of a fund for the same price? If and when the dollar goes back down (reverts close to its mean) won't the valu...
by LibertyLover
Wed Jun 01, 2016 6:11 pm
Forum: Investing - Theory, News & General
Topic: Is S&P 500 P/E ratio really at 24?
Replies: 18
Views: 3391

Re: Is S&P 500 P/E ratio really at 24?

Buying asset classes identified as at a value is not market timing. Buying assets after a large drop is part of buying low and selling high. See 2009 as an example of when to buy low. Not saying one can time the market but almost anytime in 2009 after the crash would have been a good time to throw s...

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