Search found 514 matches

by Longtermgrowth
Wed Apr 18, 2018 3:59 pm
Forum: Investing - Theory, News & General
Topic: Capital Efficiency Trumps Fees In Search For Portfolio Diversifiers
Replies: 9
Views: 839

Re: Capital Efficiency Trumps Fees In Search For Portfolio Diversifiers

For example, a more expensive small value equity fund may be a better option than a cheaper one. If the more expensive fund has deeper exposure to the size and value factors, less of it will be necessary to achieve the same factor exposure. That means using less of the more expensive SV fund and ad...
by Longtermgrowth
Tue Apr 17, 2018 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: ETF equivalents of Wellesley/Wellington equity portfolio?
Replies: 1
Views: 366

Re: ETF equivalents of Wellesley/Wellington equity portfolio?

Looking at the funds page on Vanguard's site, under "Portfolio and Management", "Equity characteristics", Wellesley compares itself to the FTSE High Dividend Yield Index. VYM tracks that index, but doesn't have the 6% foreign stocks. Wellington compares its equity holdings to the S&P 500, but still ...
by Longtermgrowth
Sat Apr 14, 2018 5:50 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3491
Views: 985352

Re: What Movie Have You Recently Watched?

Molly's Game. Great movie. Jessica Chastain is perfect, as usual. Just took the time to watch the preview for that movie. Think I'll rent it this weekend. The last one I watched was All The Money In The World. It was alright, nothing great. I felt like the older and younger characters were a cross ...
by Longtermgrowth
Thu Apr 12, 2018 5:28 am
Forum: Investing - Theory, News & General
Topic: Why not annuitize most of portfolio?
Replies: 104
Views: 7916

Re: Why not annuitize most of portfolio?

Most have already mentioned the concern of inflation. I like the idea of annuitizing a large chunk of bonds for monthly basic expenses, while keeping a good chunk in stocks to hopefully outpace inflation. My state guarantee limit is 250k, so I'm my case, I'd probably split between a few insurers whi...
by Longtermgrowth
Thu Apr 12, 2018 2:15 am
Forum: Investing - Help with Personal Investments
Topic: Any aggressive index funds in your portfolio?
Replies: 35
Views: 3030

Re: Any aggressive index funds in your portfolio?

I wouldn't buy a growth stock fund. Look at what the definition of a growth stock is. It doesn't mean your investments are going to grow faster. This! If you really want returns, and can tolerate the various years of underperformance vs a total market index (tracking error), look into small cap val...
by Longtermgrowth
Thu Apr 12, 2018 2:01 am
Forum: Investing - Theory, News & General
Topic: SCV: Buy & Hold, or Trade Trade Trade?!
Replies: 5
Views: 1006

Re: SCV: Buy & Hold, or Trade Trade Trade?!

Looked at small cap value on portfolio visualizer when building my portfolio among various ETFs, and found that simply letting everything ride, ie not even reinvesting dividends, SCV comes out ahead (historically). I have a higher percentage in domestic SCV than you, and about half of international ...
by Longtermgrowth
Mon Apr 09, 2018 5:30 am
Forum: Investing - Theory, News & General
Topic: Value premium harvestable?
Replies: 39
Views: 2272

Re: Value premium harvestable?

Is this really a huge issue with small/mid cap value? The dividend payments for most of these funds (VBR, VOE, IJS, ect) are only a bit higher than the S+P 500. Ishares and vanguard etfs don't really distribute capital gains either. Shoot, just look at triceratop's tax efficiency thread. IJS and Va...
by Longtermgrowth
Mon Apr 09, 2018 4:30 am
Forum: Investing - Theory, News & General
Topic: Value premium harvestable?
Replies: 39
Views: 2272

Re: Value premium harvestable?

Snarlyjack, the one misconception I keep seeing you talk about is the snowball effect: when a stock fund pays out a dividend, the NAV (net asset value) of the fund drops by the amount of the dividend! In essence the dividend distribution is no different than selling a few shares of a total stock ind...
by Longtermgrowth
Tue Apr 03, 2018 2:01 am
Forum: Personal Finance (Not Investing)
Topic: Sad because I did not know what I was doing with inheritance
Replies: 31
Views: 5425

Re: Sad because I did not know what I was doing with inheritance

I would just consider it a learning experience. Buy low, sell high, they say. If an asset allocation is already established, that would simply be rebalancing between stocks and bonds. If it makes you feel any better, I lost much more in possible gains while taking my time reading, tying to understan...
by Longtermgrowth
Mon Apr 02, 2018 7:28 pm
Forum: Investing - Theory, News & General
Topic: Primerica - a formative experience on the way to being a Boglehead
Replies: 8
Views: 1531

Re: Primerica - a formative experience on the way to being a Boglehead

A MLM (multi level marketing) company. They have to recruit many, to get a cut of their commissions, to really make much. So: pay for initial training, recruit everyone you know (while being as vague as possible so they don't google it before you can pitch them in person), and try to sell a few poli...
by Longtermgrowth
Sat Mar 31, 2018 3:56 am
Forum: Investing - Theory, News & General
Topic: % Portfolio Wieght Concerns?
Replies: 23
Views: 1243

Re: % Portfolio Wieght Concerns?

If concentration in a few large cap stocks is a concern, maybe looking up the small cap value premium would be of interest. Could go with VBR (Vanguard Small Cap Value ETF) for a domestic tilt, though it also includes some mid caps. For international, if allocating a percentage of portfolio to it, c...
by Longtermgrowth
Sat Mar 31, 2018 2:50 am
Forum: Investing - Help with Personal Investments
Topic: Total return vs dividends
Replies: 54
Views: 4451

Re: Total return vs dividends

Reading back through this, no one asked the OP what their current or proposed portfolio is! I automatically assumed the OP was looking at individual stocks, or high dividend stock funds along with possibly some risky bond funds. Maybe the OP is holding a Boglehead three fund portfolio and taking the...
by Longtermgrowth
Sat Mar 31, 2018 2:42 am
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 785
Views: 143823

Re: Boglehead Beer

I always like porters. Got a 4 pack of some expensive stuff recently ($8.99) that tasted terrible compared to Yuengling black n tan. Haven't seen it in ages, but Michelob porter was pretty good as well. I'm a true Boglehead with my recent beer selection price: 24 pack Budweiser select on sale for $1...
by Longtermgrowth
Wed Mar 28, 2018 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Total return vs dividends
Replies: 54
Views: 4451

Re: Total return vs dividends

I think the easiest and most logical way to view dividends is that they are part of the total return. Compare Vanguards S&P 500 ETF, VOO, with a dividend yield of around 2%, to Vanguards High Dividend Yield ETF, VYM, yielding around 3%. If future returns remain close for both funds, then not reinves...
by Longtermgrowth
Tue Mar 27, 2018 3:15 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3491
Views: 985352

Re: What Movie Have You Recently Watched?

I watched Atomic Blonde, Charlize Theron is the main actress. I think I enjoyed it, especially when I get to watch it free in business/first class on Hawaiian Airlines. Atomic Blonde is a great action film of the international intrigue genre. I have to admit that I have a crush on Charlize Theron, ...
by Longtermgrowth
Sat Mar 24, 2018 3:37 am
Forum: Investing - Theory, News & General
Topic: Grok's Tip #8:Retire Worry-Free with TIPs as a foundation
Replies: 172
Views: 47011

Re: Grok's Tip #8:Retire Worry-Free with TIPs as a foundation

Would advice change if everything is in taxable? I always thought that a SPIA (single premium immediate annuity) to cover base expenses, along with the rest in stocks (besides emergency fund) to cover whatever inflation erodes from the SPIA, would be decent if SPIA didn't make up a huge portion of p...
by Longtermgrowth
Thu Mar 22, 2018 1:36 am
Forum: Investing - Theory, News & General
Topic: Bought myself a private island
Replies: 44
Views: 8384

Re: Bought myself a private island

Livesoft is certainly an OG of Bogleheads, and a successful market timer deserves some respect, aside from the many invaluable contributions to the forum. Many gansters would be crying like a baby attempting to execute trades as proficient as him, if even hoping to beat the market by a tenth of a pe...
by Longtermgrowth
Sun Mar 18, 2018 11:25 pm
Forum: Personal Consumer Issues
Topic: Tires on a 15 year old car....Replace or not?
Replies: 79
Views: 5111

Re: Tires on a 15 year old car....Replace or not?

OP, here's a practical idea that's backed by data if you're going to age out a tire instead of wear it out, buy a higher speed rating! Usually price difference is minimal. I remember reading a while back how much better the construction of even an H speed rated vs a T speed rated tire is (130mph vs...
by Longtermgrowth
Thu Mar 15, 2018 1:56 am
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 75
Views: 11178

Re: Geico insurance rate increase: 26.24% APY?

I may have glanced over this if it is already brought up in the thread, but I have seen anecdotal evidence of GEICO raising premiums after a credit freeze has been initiated. OP, did you happen to have put credit freeze recently? Interesting. That, however, was not the case. Amica is charging me ro...
by Longtermgrowth
Sun Mar 11, 2018 5:33 am
Forum: Investing - Help with Personal Investments
Topic: 25YR old with considerable amount of cash
Replies: 48
Views: 6620

Re: 25YR old with considerable amount of cash

Something posted this already, but I cannot over-state... Make sure no one except your immediate family knows about this. If people find out, they will try to snuggle up to get their share. People will start asking for loans. People will start asking you to pay for things. Life will be far easier i...
by Longtermgrowth
Sat Mar 10, 2018 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 249
Views: 33941

Re: Does anyone here with net worths north of $1 mil use financial advisors?

No, thanks mainly to this site. I actually found this site when researching variable annuities, having a bad feeling in my gut about putting a good chunk of what I wanted in stocks into one, which is what the family advisor *cough* salesman *cough* was pushing. I listened to a pitch from another ban...
by Longtermgrowth
Sat Mar 03, 2018 1:21 am
Forum: Investing - Theory, News & General
Topic: International value etf in taxable account
Replies: 4
Views: 792

Re: International value etf in taxable account

Regarding VYMI, Paul Merriman lists it as large value proxy if sticking with Vanguard funds. If not, he lists EFV as the best for international large value: https://paulmerriman.com/best-in-class-etfs-for-ultimate-buy-hold-portfolio/ He doesn't discuss the reasons for his choices. I would prefer IV...
by Longtermgrowth
Sat Mar 03, 2018 1:06 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard High Dividend Yield Index Funds vs ETF
Replies: 12
Views: 1304

Re: Vanguard High Dividend Yield Index Funds vs ETF

I have both. It is a non-taxable event to convert from mutual fund to ETF (note cannot go the other way around). I moved to ETF most of my holdings because of lower expense ratio. I keep the mutual fund (I converted all but $1) for automatic investing which you can't do with ETF. Each quarter I cal...
by Longtermgrowth
Fri Mar 02, 2018 3:23 am
Forum: Investing - Theory, News & General
Topic: International value etf in taxable account
Replies: 4
Views: 792

Re: International value etf in taxable account

I hold some DLS and DGS in taxable. triceratop's 2017 Relative Tax Efficiency spreadsheet shows that they are more efficient than VSS in taxable: https://docs.google.com/spreadsheets/d/19LQeE1RL3jstbgcIp1avZpez-WMNCetuufdqpKTB_tQ/ Regarding VYMI, Paul Merriman lists it as large value proxy if sticki...
by Longtermgrowth
Thu Mar 01, 2018 6:53 am
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 33
Views: 4425

Re: 2017 Relative Tax Efficiency

This has become my favorite part of the New Year. Ball drop? Fireworks? Tax Efficiency thread? I'll gladly skip the first two, if I had to choose between them, and wait a bit for the Relative Tax Efficiency spreadsheet! Very informative and helpful :sharebeer
by Longtermgrowth
Thu Feb 22, 2018 5:14 am
Forum: Investing - Theory, News & General
Topic: Chillin' in the BH Lounge
Replies: 46
Views: 5480

Re: Chillin' in the BH Lounge

Chillin like a villain actin all cool, maxin relaxin with my dividend stocks, actin a fool. Thinkin they're a perfect proxy for value, makin me drool. Livin off that dividend income, hopin not to exceed three percent, because I just don't want to repent :sharebeer
by Longtermgrowth
Wed Feb 14, 2018 5:57 am
Forum: Investing - Help with Personal Investments
Topic: 1099-DIV does not equal income dividends?
Replies: 8
Views: 1219

Re: 1099-DIV does not equal income dividends?

and all cases involving less than $300/$600 in foreign tax (Single/MFJ) Except to the extent that there is no tax liability. FTC is a non-refundable credit. Is there not also a possible situation, where portfolio income is the main source, and foreign income amounts to a certain percentage of total...
by Longtermgrowth
Mon Feb 05, 2018 4:07 pm
Forum: Investing - Theory, News & General
Topic: RBD alert [Really Bad Day]
Replies: 86
Views: 10388

Re: RBD alert

It appears we just had a bit of a flash crash, in the DJIA at least, followed by a decent dead cat bounce. Make of that what you will... I happened to be watching my fund tickers in yahoo finance when this happened. Am I the only one that got a good laugh out of it? Dead cat bounce, hmm... If it tu...
by Longtermgrowth
Wed Jan 31, 2018 5:01 am
Forum: Investing - Help with Personal Investments
Topic: Best International Small Cap Option
Replies: 30
Views: 3007

Re: Best International Small Cap Option

Sometimes getting deeper into small value territory is worth the added expense. Of course that might come with more negative exposure to momentum and quality. And depending on the fund, perhaps you might overweight distressed "lottery tickets"--though I haven't looked for that in any fund. Haha, I ...
by Longtermgrowth
Wed Jan 31, 2018 3:15 am
Forum: Investing - Theory, News & General
Topic: Living on Dividends and Interest
Replies: 58
Views: 7692

Re: Living on Dividends and Interest

I'm curious what the stock to bond percentage is. I expect dividend income from stocks to easily drop over 30% in a depression...
by Longtermgrowth
Sat Jan 27, 2018 4:50 am
Forum: Investing - Help with Personal Investments
Topic: Best International Small Cap Option
Replies: 30
Views: 3007

Re: Best International Small Cap Option

DLS is pretty sweet for developed small value, even given the expense ratio. I hold DLS, by the way. It is currently in Paul Merriman's best in class ETF list: https://paulmerriman.com/best-in-class-etfs-for-ultimate-buy-hold-portfolio/ Sometimes getting deeper into small value territory is worth th...
by Longtermgrowth
Thu Jan 25, 2018 6:02 pm
Forum: Investing - Theory, News & General
Topic: Small Value Premium - How Do You View It?
Replies: 95
Views: 7224

Re: Small Value Premium - How Do You View It?

nisiprius, could many just by seeing the word growth in the fund name think it's the best way to grow their portfolio? The comment above about quality screens for the S&P 600 helping somewhat would be interesting to see on a chart: comparing Russell 2k value and growth to S&P 600 value and growth, i...
by Longtermgrowth
Thu Jan 25, 2018 5:27 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday, Taylor!
Replies: 84
Views: 4361

Re: Happy Birthday, Taylor!

Happy Birthday! :sharebeer Here's to many more! :beer
by Longtermgrowth
Thu Jan 25, 2018 1:37 am
Forum: Investing - Theory, News & General
Topic: Small Value Premium - How Do You View It?
Replies: 95
Views: 7224

Re: Small Value Premium - How Do You View It?

To be fair, both of the funds in the chart above are blend funds. Didn't Larry Swedroe call small growth the black hole of investing? Lottery tickets?
by Longtermgrowth
Wed Jan 24, 2018 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA with escalator - anyone priced one?
Replies: 9
Views: 730

Re: SPIA with escalator - anyone priced one?

The guaranteed income estimator on Fidelity's site lets you see the difference in price between none and 2%. The added cost looks very steep currently: https://gpi.fidelity.com/ftgw/interfaces/gie/
by Longtermgrowth
Tue Jan 23, 2018 5:54 am
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 88
Views: 5989

Re: Post Your Morningstar Box Style

walletless wrote:
Tue Jan 23, 2018 1:53 am
aegis965 wrote:
Tue Jan 23, 2018 1:51 am
Image
#FakeNews
Haha... Nah, look at the sig! I remember a post some time back about selecting stocks within small value category that we only wish funds were available for...
by Longtermgrowth
Tue Jan 23, 2018 5:14 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Lessons From 2017
Replies: 26
Views: 5521

Re: Larry Swedroe: Lessons From 2017

Does the often stated double negative "nobody knows nothing" apply to Larry? The often stated double negative was used in this thread; consequently, I am curious if it applies to everyone. I enjoy Larry's articles and do not think that he is a know nothing. DMW Larry knows much, Paul Merriman knows...
by Longtermgrowth
Tue Jan 23, 2018 1:27 am
Forum: Investing - Theory, News & General
Topic: Small Value Premium - How Do You View It?
Replies: 95
Views: 7224

Re: Small Value Premium - How Do You View It?

I'm somewhere between neutral and positive for domestic small value. There have been some fairly low cost ways to gain access for a while now, but listening to Paul Merriman's podcasts, mentioning the future should look similar to the past for small value, has me hopeful. Definitely positive for int...
by Longtermgrowth
Sun Jan 21, 2018 4:42 am
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 88
Views: 5989

Re: Post Your Morningstar Box Style

If I want to capture as much of the small cap value experience as possible, I take it I need to be more geared toward IJS (iShares 600Value) or VIOV (vanguard's 600 value ) rather than VBR? RZV, Guggenheim S&P SmallCap 600® PureVal ETF, would be the extreme way to go for that. Paul Merriman explain...
by Longtermgrowth
Sun Jan 21, 2018 3:49 am
Forum: Investing - Help with Personal Investments
Topic: VYMI/VIGI in Taxable or Roth - is the foreign tax credit worth it?
Replies: 5
Views: 570

Re: VYMI/VIGI in Taxable or Roth - is the foreign tax credit worth it?

Calculate for yourself. Here's a discussion of how to do that: https://www.bogleheads.org/forum/viewtopic.php?t=208818 It's kind of sad that I've extensively reviewed that thread, calculated foreign tax credit for funds not listed, along with the easily listed qualified dividend income listed from ...
by Longtermgrowth
Sun Jan 21, 2018 3:41 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Lessons From 2017
Replies: 26
Views: 5521

Re: Larry Swedroe: Lessons From 2017

Does the often stated double negative "nobody knows nothing" apply to Larry? The often stated double negative was used in this thread; consequently, I am curious if it applies to everyone. I enjoy Larry's articles and do not think that he is a know nothing. DMW Larry knows much, Paul Merriman knows...
by Longtermgrowth
Sun Jan 21, 2018 2:57 am
Forum: Investing - Help with Personal Investments
Topic: Domestic SCV? [Small Cap Value]
Replies: 43
Views: 5630

Re: Domestic SCV? [Small Cap Value]

About VIOV, it looks like it only comes in an ETF wrapper? I feel uncomfortable with Vanguard's combined mutual funds/ETFs, which includes VBR. What if one of those combined funds become unpopular? One must consider what happens if assets decline in a fund; it is unlikely that a fund will grow inde...
by Longtermgrowth
Thu Jan 18, 2018 4:17 am
Forum: Investing - Help with Personal Investments
Topic: Domestic SCV? [Small Cap Value]
Replies: 43
Views: 5630

Re: Domestic SCV? [Small Cap Value]

About VIOV, it looks like it only comes in an ETF wrapper? I feel uncomfortable with Vanguard's combined mutual funds/ETFs, which includes VBR. What if one of those combined funds become unpopular? One must consider what happens if assets decline in a fund; it is unlikely that a fund will grow inde...
by Longtermgrowth
Thu Jan 18, 2018 3:56 am
Forum: Investing - Theory, News & General
Topic: International Small-cap Value Funds ??
Replies: 55
Views: 5776

Re: International Small-cap Value Funds ??

EEMS: besides what Morningstar reports, to find out holding cost after securities lending revenue, read the fund prospectus and negate net securities lending revenue from operating expenses. I can look at a prospectus and figure out within a margin of error the cost to hold after securities lending ...
by Longtermgrowth
Tue Jan 16, 2018 4:03 am
Forum: Investing - Theory, News & General
Topic: International Small-cap Value Funds ??
Replies: 55
Views: 5776

Re: International Small-cap Value Funds ??

FNDC and the Powershares PDN (.50) are good options. Don't be unduly taken aback by them being "blend funds" as the RAFI methodology tends to grab a lot of deep value and cheap blend-growth. They're also the only good pair of solutions in taxable accounts. DLS is great in tax-deferred accounts but ...
by Longtermgrowth
Tue Jan 16, 2018 3:45 am
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 90
Views: 8634

Re: Paul Merriman and Small Cap Value

IJS is probably the best way to get exposure to small value. While it’s expense ratio is higher than others, they do enough share lending to make up for it. It also has the most liquidity. STAY AWAY from the Russell indices as they underperform significantly. About 95% of my domestic equity allocat...
by Longtermgrowth
Mon Jan 15, 2018 4:10 am
Forum: Investing - Theory, News & General
Topic: International Small-cap Value Funds ??
Replies: 55
Views: 5776

Re: International Small-cap Value Funds ??

I like Merriman's Ultimate-buy-and-hold approach. However, Vanguard does not seem to have any funds for the "International small cap value" asset class. Are there any alternatives that work, other than going to DFA? At one time Paul himself suggested DLS, but rather he still does or not I don't kno...
by Longtermgrowth
Sun Jan 14, 2018 4:38 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3491
Views: 985352

Re: What Movie Have You Recently Watched?

Green Street wrote:
Tue Jan 02, 2018 10:38 pm
American Made with Tom Cruise, reminds me of the cult classic Blow. Done pretty well IMO.
Ah yeah, that one was pretty good. Something about the time period of the movie kind of depressed me, but that just comes down to personal experiences...
by Longtermgrowth
Sun Jan 14, 2018 3:28 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3491
Views: 985352

Re: What Movie Have You Recently Watched?

Many of the most recent movies I've watched aren't worth mentioning. I always try to find something that will give a few laughs, or at least a decent action movie. I rented The Hitman's Bodyguard thinking it fit in the latter category, but haven't laughed as much at even a pure comedy since I can't ...
by Longtermgrowth
Fri Jan 12, 2018 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: ultimate all-value portfolio using Vanguard
Replies: 5
Views: 931

Re: ultimate all-value portfolio using Vanguard

Is this a taxable or a tax-deferred account? In a taxable account, you don't want to use Vanguard International Value, and even in a tax-deferred account, it isn't strongly biased towards value; you might use a non-Vanguard value ETF. I like Mr. Merriman's more recent recommendation for internation...