Search found 983 matches

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: 1352

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: 1352

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: 1352

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: 6056

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: 6950

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: 3799
Views: 996605

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: 1031

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: 1031

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: 7628

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: 9041

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: 9041

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: 2626

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: 2626

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: 3345

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: A poll: How much money do you want to retire?
Replies: 270
Views: 21204

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: 9041

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: 2645

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: 28928

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: 1994

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: 1994

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: 1994

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 &q...
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: 1994

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

afan, how would someone who understood the implications 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. I will...
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: 1994

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 decid...
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: 1994

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

...improved portfolio efficiency by the addition of C because it's own SD is less than stocks and its expected return is stock like [...] But If expected return of the two portfolios is held constant, the SD of ABC will be less than AB and less than the simple mean of the individual ABC SD's... Dav...
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: 1994

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: 1994

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: 174360

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: 13603

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: 13603

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: 12484

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...
by Lieutenant.Columbo
Thu Jul 13, 2017 8:04 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 119
Views: 9528

Re: My Favorite Alternative Funds

...One could do (of total portfolio): 5% LENDX 5% SRRIX 5% QSPIX 5% AVRPX 5% QMHIX Or even: 9% LENDX 9% SRRIX 5% QSPIX 5% AVRPX 5% QMHIX The latter allocation gives more weighting to LENDX and SRRIX due to more persistent positive returns and return per unit of risk ie risk/reward trade off looks m...
by Lieutenant.Columbo
Tue Jul 11, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Wife Hired By My Single-Member LLC?
Replies: 16
Views: 1867

Re: Wife Hired By My Single-Member LLC?

1. These are close occupations, so that it shouldn't be any problem running her revenue through the LLC and paying her a reasonable salary. Note: If she is not also a shareholder-employee, the distribution goes only to you. Say: A. my wife would like to practice at Hospital A 2 days a week. B. my w...
by Lieutenant.Columbo
Sun Jul 09, 2017 8:43 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 208
Views: 26127

Re: Roll Call for the Retirement Class of 2017!

So I am struggling to push myself off the edge and diving into the swimming pool of 2017 retirement. Wife and I are both 59. My non-COLA annual pension income will be $73K. We have stashed away $2.2 million in savings and investments (conservatively allocated). We have enough in cash to not be forc...
by Lieutenant.Columbo
Sat Jul 08, 2017 9:35 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 208
Views: 26127

Re: Roll Call for the Retirement Class of 2017!

3) focus on what you really really want to do once retired and realize that each month you delay retiring is one month less you'll be able to do what you really really want to do [b] . . . On the other hand I realize I can't just do trips 24x7x365 in retirement either physically or financially so t...
by Lieutenant.Columbo
Sat Jul 08, 2017 8:43 am
Forum: Investing - Theory, News & General
Topic: Five Very Basic Questions About Mutual/Index Funds
Replies: 16
Views: 1606

Re: Five Very Basic Questions About Mutual/Index Funds

if assets stay with a custodian, does this mean companies never see the money investors used to purchase said companies' shares? This question confuses me. When a company goes public (IPO), it exchanges its shares for cash. Mutual Funds don't do many IPOs. After that, all trading is done in the sec...
by Lieutenant.Columbo
Sat Jul 08, 2017 7:42 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 208
Views: 26127

Re: Roll Call for the Retirement Class of 2017!

There's no way to escape this cycle, you're doomed. Actually, there is a way; two parts to it: 1) arrange for net retirement income slightly higher than your present net income while working; 2) do preliminary planning for at least a dozen weeks of adventuring away from home the first year of retir...
by Lieutenant.Columbo
Sat Jul 08, 2017 7:08 am
Forum: Investing - Theory, News & General
Topic: Five Very Basic Questions About Mutual/Index Funds
Replies: 16
Views: 1606

Re: Five Very Basic Questions About Mutual/Index Funds

3. if the fund I hold is shut down (say it wasn't run well and goes bankrupt), but the companies the fund holds still trade in the Market, have I lost or maintained my investment? You've maintained it. The assets the fund is holding are kept by an independent custodian such as JPMorgan Chase. if as...
by Lieutenant.Columbo
Fri Jul 07, 2017 11:15 pm
Forum: Investing - Theory, News & General
Topic: Five Very Basic Questions About Mutual/Index Funds
Replies: 16
Views: 1606

Re: Five Very Basic Questions About Mutual/Index Funds

3. if the fund I hold is shut down (say it wasn't run well and goes bankrupt), but the companies the fund holds still trade in the Market, have I lost or maintained my investment? You've maintained it. The assets the fund is holding are kept by an independent custodian such as JPMorgan Chase. if as...
by Lieutenant.Columbo
Wed Jul 05, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Paying estimated taxes
Replies: 31
Views: 3889

Re: Paying estimated taxes

I determined at the beginning of 2017 my four quarterly 2017 Estimated Tax payments (ETn) so that: ET1+ET2+ET3+ET4+W2withholging= 110% of 2016 Tax (I picked 110% of 2016 Tax to avoid penalty) My plan was that ET1=ET2=ET3=ET4 (equal ET payments), and I made 2017 ET1 and ET2 payments on time. Because ...
by Lieutenant.Columbo
Tue Jul 04, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Go part time number
Replies: 73
Views: 10104

Re: Go part time number

We are a 2 physician family. We have >15x of annual spending at this time. My wife declined a higher paying promotion last year. I will be giving up my position as dept chair from Jan 1. My wife may go part time in the next few years. The general idea is to slow down rather than collect 35x or 40x ...
by Lieutenant.Columbo
Tue Jul 04, 2017 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: how do you invest your HSA
Replies: 47
Views: 4547

Re: how do you invest your HSA

so, tax-wise, when cashed for medical expenses, the HSA is like a Roth, and if cashed for any other purpose after age 65 it is income Tax Deferred with no RMD, correct? Really better than a Roth for medical, since it went in pre-tax too. But yes, that is how the withdrawal side works. clarification...
by Lieutenant.Columbo
Tue Jul 04, 2017 12:08 pm
Forum: Investing - Theory, News & General
Topic: 529 Non-Qualified Earning Distribution: Why Income Tax And Not Capital Gains Tax?
Replies: 7
Views: 610

Re: 529 Non-Qualified Earning Distribution: Why Income Tax And Not Capital Gains Tax?

529s promise tax free on qualified withdrawals much like a Roth. In exchange for this 529 tax benefit you give up the privilege of tax loss harvesting and long term capital gains and dividend treatments. Plus there is the personal exemption of ~$1050/yr which allows a basis stepup. Any non qualifie...
by Lieutenant.Columbo
Mon Jul 03, 2017 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Suggesting to a parent to leave Edward Jones
Replies: 23
Views: 2463

Re: Suggesting to a parent to leave Edward Jones

If your Mom is really happy with the EJ advisor and he is doing a good job (despite being somewhat expensive) then I agree it's OK to leave it be. But if the advisor is ripping your Mom off then I think you should try to convince her to let you manage her portfolio or go with Vanguard PAS. I hate t...
by Lieutenant.Columbo
Mon Jul 03, 2017 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Suggesting to a parent to leave Edward Jones
Replies: 23
Views: 2463

Re: Suggesting to a parent to leave Edward Jones

...Edward Jones [...] trying to move all my accounts out they will charge $90 fee for every account I move out. have you considered moving out all moneys except, say, $1? Or cashing the funds while still at EJ and then transferring the proceeds out without closing accounts? That's what I did at E-T...
by Lieutenant.Columbo
Mon Jul 03, 2017 10:30 am
Forum: Investing - Theory, News & General
Topic: J. Clements' Perspective: Past Perfect, Future Tense
Replies: 21
Views: 2737

Re: J. Clements' Perspective: Past Perfect, Future Tense

Jonathan Clements wrote:Past Perfect, Future Tense
this reminded me of Bukowski's excellent piece
GRAMMAR OF LIFE
the past is imperfect
the present is tense
the future is malign
and immortality lacks evidence
lay down and eat roses
by Lieutenant.Columbo
Mon Jul 03, 2017 5:47 am
Forum: Investing - Theory, News & General
Topic: Case Study: Broker speed of dividend payments
Replies: 81
Views: 13922

Re: Case Study: Broker speed of dividend payments

I wanted to point out that my TD Ameritrade account has not posted this latest IJS distributions yet (number of shares hasn't increased [we have it on auto-reinvest] and the transaction history does not show dividends entry for IJS). Oh, since you have auto-reinvest set, TDAm will not give you the ...
by Lieutenant.Columbo
Sun Jul 02, 2017 5:14 pm
Forum: Investing - Theory, News & General
Topic: World AAA/AA Short+Intermediate Bond Index: Is There?
Replies: 1
Views: 322

World AAA/AA Short+Intermediate Bond Index: Is There?

I'd be interested in looking at Indices tracking (or at data showing) the WORLD's capitalization of Short & Intermediate-Term Highly Rated (only AAA and AA) Bonds. I mean: is there such a thing as a Global (World) Index with similar investing objectives to USA funds like these below? DFMPX DFA M...
by Lieutenant.Columbo
Sun Jul 02, 2017 2:41 pm
Forum: Investing - Theory, News & General
Topic: Replicating a true Market Portfolio
Replies: 43
Views: 4143

Re: Replicating a true Market Portfolio

FRANK2009 wrote:This ETF may be what you're looking for. If I understand correctly, the ETF holds assets in direct proportion to its global allocation.

http://cambriafunds.com/gaa.aspx
thank you, if that reply was addressed to my latest post, I am interested in quality bonds-only World index/indices. Any suggestion?