Search found 1001 matches

by Lieutenant.Columbo
Sun Oct 01, 2017 9:49 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 192
Views: 12795

Re: Why do you LBYM? Why do you save and invest?

FlyingMoose wrote:
Thu Sep 28, 2017 3:58 am
...the way I broke myself of the hoarding habit was to go through all my stuff and ask 3 questions about each item:

1. Does it have sentimental value?
2. Is it worth money?
3. Will I need it in the future?

If the answer to all three is no, then I get rid of that item
The Joy Of Less, I presume?
by Lieutenant.Columbo
Sat Sep 23, 2017 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay ZERO taxes in retirement with 6-figure expenses
Replies: 174
Views: 89286

Re: How to pay ZERO taxes in retirement with 6-figure expens

paying zero taxes isnt the most important part. too many people use the tax scare to sucker people into poor investments such as permanent life insurance. thus one should only care about paying zero taxes if it really provides you with the most money. thus the title should be providing the most inc...
by Lieutenant.Columbo
Tue Sep 19, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Use HSA for previously incurred medical expenses, and full-year HSA contribution limits?
Replies: 21
Views: 1938

Re: Use HSA for previously incurred medical expenses, and full-year HSA contribution limits?

Actually, there is no difference between Pub 502 and Pub 969. They both are really saying the same thing. Pub 502, just uses imprecise language, especially the example which is misleading. The fact that aspirin doesn't require a prescription for over the counter sales has no bearing on the fact tha...
by Lieutenant.Columbo
Mon Sep 18, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Use HSA for previously incurred medical expenses, and full-year HSA contribution limits?
Replies: 21
Views: 1938

Re: Use HSA for previously incurred medical expenses, and full-year HSA contribution limits?

1. HSA funds can always be used for a spouse and/or dependent for un-reimbursed qualified medical expenses . what are common examples of un-reimbursed qualified medical expenses ? copays for doctor visists? copays for medication)? amounts paid as deductible in the HDHP? Anything that is out-of-pock...
by Lieutenant.Columbo
Fri Sep 15, 2017 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning advice for young parents in Massachusetts
Replies: 33
Views: 2676

Re: Estate planning advice for young parents in Massachusetts

...a trust you would set up for your kids. They can be trustee and they can manage the assets. Their trusts would have their own tax ID numbers and need to file tax returns. afan, I understand that as long as both spouses are alive, their revocable living trust doesn't have a tax ID and no trust ta...
by Lieutenant.Columbo
Fri Sep 15, 2017 10:06 pm
Forum: Investing - Theory, News & General
Topic: Distressing news -> Flight to Safety ?
Replies: 75
Views: 6969

Re: Distressing news -> Flight to Safety ?

In times that stock markets crash, Treasury prices generally rise steeply tremendous amount of recency bias ? :wink: Since 1929 there have been 14 recessions in the US. In 7 of them Treasuries had a positive correlation with stocks. In 7 of them Treasuries had a negative correlation with stocks. It...
by Lieutenant.Columbo
Sun Sep 10, 2017 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security bend points/early retirement estimates
Replies: 17
Views: 2751

Re: Social Security bend points/early retirement estimates

...at age 67. I plan on working 10 more years at the least Not trying derail your topic, but may I ask the reason you plan to work until age 77 or beyond? Thanks Every so often, I go back to the SSA website to obtain an updated set of wage indexing factors and replace the ones I have in the spreads...
by Lieutenant.Columbo
Sun Sep 10, 2017 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Galapagos Trip, Suggestions
Replies: 23
Views: 2488

Re: Galapagos Trip, Suggestions

read Weiner's The Beak Of The Finch from 1994 prior to departure

(if you decide to do so, and have to buy it, use the BHs Amazon link)
by Lieutenant.Columbo
Sat Sep 09, 2017 1:32 pm
Forum: Personal Consumer Issues
Topic: Non-fiction bucket list
Replies: 110
Views: 9522

Re: Non-fiction bucket list

True potentially life-changing books: A Guide for the Perplexed , by E.F. Schumacher Lost in the Cosmos: The Last Self-Help Book , by Walker Percy Both are of course listed in James V. Schall's great Another Sort of Learning . is Schall's also potentially life-changing? or only the first two?
by Lieutenant.Columbo
Sat Sep 09, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 172
Views: 18092

Re: My Favorite Alternative Funds

I have a 2% position in SRRIX. I too have been surprised at the ~10% drop, like 8% in a single day. I don't know what % of the fund is invested in types of insurance related to hurricane risk. I invested thinking that while each individual insurance has a big left tail risk, the diversification of ...
by Lieutenant.Columbo
Wed Sep 06, 2017 10:52 pm
Forum: Investing - Theory, News & General
Topic: Fixed Income: Percentage Of Portfolio Or Specific $ Amount?
Replies: 19
Views: 2013

Re: Fixed Income: Percentage Of Portfolio Or Specific $ Amount?

A dollar allocation makes sense if you have some fixed dollar (or inflation-adjusted dollar, if you use TIPS) amount to spend. Several possible examples: Matching a known dollar liability. [...] Ensuring a spending floor. [...] Maintaining a portfolio with a fixed spending level. [...] Thank you fo...
by Lieutenant.Columbo
Mon Sep 04, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: Fixed Income: Percentage Of Portfolio Or Specific $ Amount?
Replies: 19
Views: 2013

Re: Fixed Income: Percentage Of Portfolio Or Specific $ Amount?

2. A completely different basic idea is to mentally separate the portfolio into two parts. One part is low risk and aligned with certainty of meeting certain objectives, such as withdrawal for spending. The other part is high risk and aligned with speculative objectives such as discretionary spendi...
by Lieutenant.Columbo
Mon Sep 04, 2017 8:58 am
Forum: Investing - Theory, News & General
Topic: Fixed Income: Percentage Of Portfolio Or Specific $ Amount?
Replies: 19
Views: 2013

Fixed Income: Percentage Of Portfolio Or Specific $ Amount?

When I looked at this question before, I thought I had understood it then, but now I am not sure I did. Why would one have a target % instead of a set dollar amount in fixed income? Say an investor has $1MM with 50% in fixed income, that is $500K in fixed income. When portfolio is $2MM, fixed income...
by Lieutenant.Columbo
Fri Sep 01, 2017 1:46 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Carry Factor Spans Assets
Replies: 14
Views: 1900

Re: Larry Swedroe: Carry Factor Spans Assets

nedsaid wrote:
Thu Aug 31, 2017 11:43 pm
...others will have to carry on in these discussions until I decide to wade back in.
I wonder what factors will play a role in whether others carry on these discussions until nedsaid wades back in...
by Lieutenant.Columbo
Sun Aug 27, 2017 3:16 pm
Forum: Investing - Theory, News & General
Topic: Cant get my head around this..All Bonds in non-taxable OR...
Replies: 23
Views: 3459

Re: Cant get my head around this..All Bonds in non-taxable OR...

We are in the same tax bracket as you are, and my understanding is that: 1. if your plan calls for investing in assets that are less tax efficient than taxable bonds (say QSPIX, RMPLX, SRRIX, etc), then these assets take priority in your tax-deferred space over taxable bonds 2. bonds should preferab...
by Lieutenant.Columbo
Fri Aug 25, 2017 6:19 am
Forum: Personal Consumer Issues
Topic: Non-fiction bucket list
Replies: 110
Views: 9522

Re: Non-fiction bucket list

* Decline and Fall of the Roman Empire by Edward Gibbon. I'm curious though if anyone has actually read Gibbon's book. Yes. It's of course interesting. Yet its fundamental premise was preemptively refuted, in devastating fashion, in Augustine's The City of God . DomDangelina, Unlike Augustine, I th...
by Lieutenant.Columbo
Thu Aug 24, 2017 7:27 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Virtual online chapter - Master thread]
Replies: 57
Views: 6658

Re: [Virtual online chapter - Master thread]

are the sessions being archived so that we could play them after the fact?
by Lieutenant.Columbo
Mon Aug 14, 2017 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: US Social Security Income Benefit For Non-Citizen?
Replies: 11
Views: 1458

Re: US Social Security Income Benefit For Non-Citizen?

OP here. Great information and links. I thank everyone for all this helpful input.
by Lieutenant.Columbo
Mon Aug 14, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: US Social Security Income Benefit For Non-Citizen?
Replies: 11
Views: 1458

Re: US Social Security Income Benefit For Non-Citizen?

David Jay wrote:
Mon Aug 14, 2017 11:53 am
Lieutenant.Columbo wrote:
Sun Aug 13, 2017 9:04 pm
Citizen of Spain.
Interesting. I remembered that you're an ex-pat, but for some reason I thought you were Australian.
I guess my English accent is better than I thought :wink:
by Lieutenant.Columbo
Sun Aug 13, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: US Social Security Income Benefit For Non-Citizen?
Replies: 11
Views: 1458

US Social Security Income Benefit For Non-Citizen?

Hi all, Citizen of Spain. I have lived lawfully (student visa, then temporary worker permit, now lawful permanent residence) in the US for 13 yrs now. Two questions, assuming... A. ...rules and laws do not change, B. ...I never become a US citizen C. ...I start claiming SS income at age 70 1. will I...
by Lieutenant.Columbo
Sun Aug 13, 2017 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Why is QSPIX steadily declining?
Replies: 42
Views: 6247

Re: Why is QSPIX steadily declining?

...SPIX is operating as designed, a fund with positive returns with low correlation to the stock market. Again, I would view such a fund as a bond substitute. ER of 1.48% :shock: How does anyone who calls themselves a Boglehead get interested in such a fund? Because of this bwahaaahawhahwhwha!!! ht...
by Lieutenant.Columbo
Sat Aug 12, 2017 5:54 am
Forum: Investing - Theory, News & General
Topic: "Honesty like that is rare!"
Replies: 47
Views: 7310

Re: "Honesty like that is rare!"

Honestly, I don't understand the whole exchange. Basically, we are giving credit for an adviser for being "honest" when he admits to deceiving the very individuals he has a fudiciary responsibility to by admitting he is making the whole investment process more complicated just to appease his invest...
by Lieutenant.Columbo
Fri Aug 11, 2017 12:10 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3959
Views: 1052561

Re: U.S. stocks in freefall

It was Oct. 19th, 1987, not Oct. 9th. I grew up near the Falls Shopping Center in Southwest Miami. The story of someone going to the Falls, killing his broker, then himself soon after the Oct. 19 drop has fascinated me. Had the client taken the Bogle view of staying the course, or don't do somethin...
by Lieutenant.Columbo
Fri Aug 11, 2017 7:55 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Diversification Benefits of Time Series Momentum
Replies: 9
Views: 1118

Re: Larry Swedroe: Diversification Benefits of Time Series Momentum

Why not move the portfolio in the right direction, even if it's a small move? Excellent (and obvious :oops:) point! A very very good portfolio is better than a very good portfolio. Unless the cult of the imperfect applies here too :wink: Give them the third best to go on with; the second best comes...
by Lieutenant.Columbo
Thu Aug 10, 2017 11:38 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Diversification Benefits of Time Series Momentum
Replies: 9
Views: 1118

Re: Larry Swedroe: Diversification Benefits of Time Series Momentum

Thank you for this article, Dave. The question I ask myself is: when is an allocation to Time Series Momentum (TSMom) too small to result in a portfolio-wise meaningful diversification benefit? Like what's the point, what's the real benefit from having, say, 4% in TSMom? Not a criticism, more of a r...
by Lieutenant.Columbo
Wed Aug 09, 2017 11:48 pm
Forum: Investing - Theory, News & General
Topic: Still Buying As planned Regardless Of The World Situation
Replies: 72
Views: 8168

Re: Still Buying As planned Regardless Of The World Situation

Darwin wrote:...Still living simply, but have a few more amenities. Never forget the wonder of piped water, heat and refrigeration!!! Perspective goes a long way toward finding happiness.
somehow this reminded me of Garfunkel, on-stage, saying:
How nice poverty looks in retrospect.
by Lieutenant.Columbo
Mon Aug 07, 2017 6:21 pm
Forum: Investing - Theory, News & General
Topic: Has the "bond bubble" caused you to change your allocation?
Replies: 90
Views: 9845

Re: Has the "bond bubble" caused you to change your allocation?

I will maintain maximum dollars of stock market exposure in good markets and bad. I harvest one dollar of market gain for every two dollars that my stocks gain for the purpose of purchasing stocks when they are again on sale. The dollar that remains in the market and is not harvested is considered ...
by Lieutenant.Columbo
Mon Aug 07, 2017 4:31 pm
Forum: Investing - Theory, News & General
Topic: Has the "bond bubble" caused you to change your allocation?
Replies: 90
Views: 9845

Re: Has the "bond bubble" caused you to change your allocation?

I will maintain maximum dollars of stock market exposure in good markets and bad. I harvest one dollar of market gain for every two dollars that my stocks gain for the purpose of purchasing stocks when they are again on sale. The dollar that remains in the market and is not harvested is considered ...
by Lieutenant.Columbo
Mon Aug 07, 2017 7:39 am
Forum: Investing - Theory, News & General
Topic: "What Is Vanguard 500 Index's Achilles Heel?"
Replies: 17
Views: 2746

Re: "What Is Vanguard 500 Index's Achilles Heel?"

What Is Vanguard 500 Index's Achilles Heel? 90% of its risk is concentrated in one single factor: beta :wink: But beta is the only factor to consistently produce positive value over time. All of the others are more cyclical & create as alot more volatility than return. Packer isn't one also exposed...
by Lieutenant.Columbo
Sun Aug 06, 2017 10:46 pm
Forum: Investing - Theory, News & General
Topic: "What Is Vanguard 500 Index's Achilles Heel?"
Replies: 17
Views: 2746

Re: "What Is Vanguard 500 Index's Achilles Heel?"

Taylor Larimore wrote:What Is Vanguard 500 Index's Achilles Heel?
90% of its risk is concentrated in one single factor: beta :wink:
by Lieutenant.Columbo
Sun Aug 06, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 39
Views: 3562

Re: What criteria warrants a need for Living Revocable Trust?

...Knowing what I know now, I would have done my living trust myself , since it is pretty simple, but I probably should use a good estate attorney to draft a new trust , since I probably would be well served by having one that's more complex than the one I have now. Kevin, do these two highlighted ...
by Lieutenant.Columbo
Sat Aug 05, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 24327

Re: A poll: How much money do you want to retire?

gasdoc wrote:Age 57 now. Target $5M. Plan to work to age 62, regardless of total, but I think we will make our target somewhere between age 61 and 62.
may I ask your expected average annual expenses starting at age 62? Thanks
by Lieutenant.Columbo
Sat Aug 05, 2017 12:00 am
Forum: Investing - Theory, News & General
Topic: Has the "bond bubble" caused you to change your allocation?
Replies: 90
Views: 9845

Re: Has the "bond bubble" caused you to change your allocation?

I bought AQR Equity Market Neutral and AQR Long-Short Equity to gain alternative sources of return. whodidntante, If you also looked at AQR Style Premia Alternative and/or to AQR Managed Futures Strategy HV funds, do you remember why you picked the ones you did and not these two? Thanks. EDIT : nev...
by Lieutenant.Columbo
Tue Aug 01, 2017 9:44 pm
Forum: Investing - Theory, News & General
Topic: If You're Uncomfortable With Your AA, Maybe You're In The Right Place
Replies: 26
Views: 2770

Re: If You're Uncomfortable With Your AA, Maybe You're In The Right Place

jbolden1517 wrote:...LENDX seem like great financial plays. I've seen Larry recommend them. I'm in the consideration phase.
have you looked at RMPLX RiverNorth Lending?
by Lieutenant.Columbo
Tue Aug 01, 2017 8:16 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 369
Views: 31519

Re: Your USER NAME...what does it mean?

Noobvestor wrote:It means I lack foresight.
maybe, but you're witty
by Lieutenant.Columbo
Mon Jul 31, 2017 7:20 pm
Forum: Investing - Theory, News & General
Topic: Compute standard deviation / sharpe ratio (multiple funds)
Replies: 34
Views: 2151

Re: Compute standard deviation / sharpe ratio (multiple funds)

If one really wanted a fund with near zero correlation with US stocks I would suggest the Vanguard Market Neutral Fund (VMNFX), rather than QSPIX. VMNFX is a lot cheaper than QSPIX VMNFX is not accompanied by nearly the same level of marketing blather about what it is trying to do VMNFX is a lot ch...
by Lieutenant.Columbo
Sun Jul 30, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: Compute standard deviation / sharpe ratio (multiple funds)
Replies: 34
Views: 2151

Re: Compute standard deviation / sharpe ratio (multiple funds)

For real world purposes you make dramatically simplifying assumptions while keeping in mind that you are doing this. I base my allocation on the notion that I want the benefits of diversification, that the expected return of stocks is generally higher than bonds, that the expected volatility of bon...
by Lieutenant.Columbo
Sat Jul 29, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: Compute standard deviation / sharpe ratio (multiple funds)
Replies: 34
Views: 2151

Re: Compute standard deviation / sharpe ratio (multiple funds)

Thank you, Kevin, for these two excellent posts. What thought/mathematical process will take me all the way to calculating X and Y, so that Portfolio 2 has same/similar expected risk-adjusted returns as Portfolio 1? <snip> Note: Conceptually , I'm aware of how "taking from bonds" versus "taking from...
by Lieutenant.Columbo
Sat Jul 29, 2017 12:35 pm
Forum: Investing - Theory, News & General
Topic: Compute standard deviation / sharpe ratio (multiple funds)
Replies: 34
Views: 2151

Re: Compute standard deviation / sharpe ratio (multiple funds)

afan, how would someone who understood the implications :wink: decide how much to take from Asset Classes A (50%, equities) and B (50%, fixed income) when Asset Class C (QSPIX) will be 15%? I'm Not asking what actual/specific percentages they'd arrive at for A and B, but how they 'd arrive at them....
by Lieutenant.Columbo
Sat Jul 29, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: Compute standard deviation / sharpe ratio (multiple funds)
Replies: 34
Views: 2151

Re: Compute standard deviation / sharpe ratio (multiple funds)

Playing around with the figures is entertaining but no one who understood the implications would come up with a set of projected returns and covariances, design an optimized portfolio based on those assumptions and actually invest in it. afan, how would someone who understood the implications :wink...
by Lieutenant.Columbo
Fri Jul 28, 2017 7:05 pm
Forum: Investing - Theory, News & General
Topic: Compute standard deviation / sharpe ratio (multiple funds)
Replies: 34
Views: 2151

Re: Compute standard deviation / sharpe ratio (multiple funds)

I think I get your question. Variance is the square of standard deviation... jbolden1517, thank you for pointing out Variance; I'll look into that Standard Deviations assume a normal bell curve, which is mostly true and good enough for a starting point. Alternative assets tend to be less bell curve...
by Lieutenant.Columbo
Fri Jul 28, 2017 7:39 am
Forum: Investing - Theory, News & General
Topic: Compute standard deviation / sharpe ratio (multiple funds)
Replies: 34
Views: 2151

Re: Compute standard deviation / sharpe ratio (multiple funds)

If two portfolios have had the same weighted average return of portfolio components over a given time frame, the portfolio that displayed less volatility will have had a higher compounded annualized return; YES!: two portfolios with same component returns will have different terminal values dependi...
by Lieutenant.Columbo
Thu Jul 27, 2017 10:07 pm
Forum: Investing - Theory, News & General
Topic: Compute standard deviation / sharpe ratio (multiple funds)
Replies: 34
Views: 2151

Re: Compute standard deviation / sharpe ratio (multiple funds)

bumping 2012 Topic ...how to compute the return, standard deviation and sharpe ratio for a portfolio with multiple funds (perhaps more than 2)? is it just a matter of multiplying each fund's SD (or SR) by the fund's allocation percentage in the portfolio, and then adding up the resulting amounts? Th...
by Lieutenant.Columbo
Sun Jul 16, 2017 7:18 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1186
Views: 177198

Re: QSPIX - thoughts on interesting fund

matjen wrote:
larryswedroe wrote:matjen
Let's not hope for too many more of those type days (:-))
Larry
Crud! I forgot I am 7% QSPIX and not 70% ;-)
matjen, does it seem like you'll be sticking to "7% in QSPIX" for the long run? thanks
by Lieutenant.Columbo
Sun Jul 16, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: Do you think about volatility drag on your portfolio?
Replies: 211
Views: 14611

Re: Do you think about volatility drag on your portfolio?

I can't give you a great answer to your question: at least not a quantitative one. As I've said before, when evaluating a potential new addition to a portfolio what matters is expected return, volatility, correlations, and of course costs. What I can say, is that the initial most basic portfolio de...
by Lieutenant.Columbo
Sat Jul 15, 2017 7:53 am
Forum: Investing - Theory, News & General
Topic: Do you think about volatility drag on your portfolio?
Replies: 211
Views: 14611

Re: Do you think about volatility drag on your portfolio?

...The geometric mean (annualized) return of a portfolio is always less than the average annual return. This gap is caused by volatility, and the greater the volatility the greater the gap. An extreme example is gaining 100% one year and losing 50% the next year. The average return is 25%, but the ...
by Lieutenant.Columbo
Thu Jul 13, 2017 8:33 pm
Forum: Investing - Theory, News & General
Topic: Liability Matching Portfolio? Really?
Replies: 79
Views: 12797

Re: Liability Matching Portfolio? Really?

...Payout Annuities can certainly help especially after mid 70s due to the mortality credits There are periods when bonds due poorly but stocks do well so you want to hold at least some equity, say 20-30% and that is what I recommend to HNW investors who've won the game, and then use high tilt port...