Search found 2042 matches

by Munir
Wed May 04, 2016 11:56 pm
Forum: Investing - Theory, News & General
Topic: Classic Bernstein 2 — Choosing Portfolio Bond Duration
Replies: 13
Views: 1161

Re: Classic Bernstein 2 — Choosing Portfolio Bond Duration

diyfp wrote:Based on this, why are most Bogleheads in the Total Bond Index instead of the Intermediate Bond Index?


In addition to the reasons listed by others, could another reason be that the Intermediate Bond Index has a longer duration (6.5 vs. 5.7) which may be worrisome if rates go up?
by Munir
Fri Apr 29, 2016 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: Core Bond Fund Corporate Holdings
Replies: 7
Views: 588

Re: Core Bond Fund Corporate Holdings

So 211 bonds - seems like the answer reflected the number of bonds in the portfolio rather then the percent of assets held in corporates. Dale Agreed. And that wouldn't be surprising. I would expect fewer different treasury issues than corporate issues, even if a majority of the assets were in trea...
by Munir
Fri Apr 29, 2016 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: Core Bond Fund Corporate Holdings
Replies: 7
Views: 588

Re: Core Bond Fund Corporate Holdings

The Core Bond Fund is supposed to generally track the Barclays US Agg Float Adj Index with a fair amount of discretion allowed to the managers. This index includes US government bonds, MBS, and corporate bonds among others and is not predominantly corporate bonds. I was under the impression the Core...
by Munir
Fri Apr 29, 2016 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Core Bond Fund Corporate Holdings
Replies: 7
Views: 588

Core Bond Fund Corporate Holdings

In response to my question as to what % of the Core Bond Fund's holdings are corporate bonds, I received this answer from my Flagship rep: "Of the 307 bonds in the Vanguard Core Bond Fund, 211 of them are corporate bonds. That is effectively 69% of the bonds in the fund." Could this be acc...
by Munir
Sun Apr 24, 2016 10:29 am
Forum: Investing - Theory, News & General
Topic: Allan Roth on why bond funds are better than individual bonds
Replies: 63
Views: 4903

Re: Alan Roth on why bond funds are better than individual bonds

smartinwate wrote:Unfortunately one can't read the entire article unless one is a subscriber.


I was able to access the whole article thru entering the title of the article on Google.
by Munir
Sun Apr 24, 2016 10:27 am
Forum: Investing - Theory, News & General
Topic: Allan Roth on why bond funds are better than individual bonds
Replies: 63
Views: 4903

Re: Alan Roth on why bond funds are better than individual bonds

smartinwate wrote:Unfortunately one can't read the entire article unless one is a subscriber.


See post below.
by Munir
Wed Apr 20, 2016 11:57 am
Forum: Investing - Theory, News & General
Topic: Vanguard Publishes Duration and Holdings Of Core Bond Fund
Replies: 14
Views: 1844

Re: Vanguard Publishes Duration and Holdings Of Core Bond Fund

What is the % of corporate bonds in this fund's portfolio? Other than being a managed fund, having a medium quality credit instead of highest quality of its holdings, and having the possibility of acquiring up to 5% of junk bonds, how is this fund different from the Total Bond Market fund? This fun...
by Munir
Wed Apr 20, 2016 9:26 am
Forum: Investing - Help with Personal Investments
Topic: One bond fund, two, or three?
Replies: 33
Views: 3184

Re: One bond fund, two, or three?

Alphonse, You may want to consider waiting a couple of months and checking out the duration and holdings of the new Core Bond Fund (VCOBX). It is similar to VFIDX with probably more US treasuries/govt.securities but not as much as TBM. It's duration will be shorter than the Intermediate Bond Index F...
by Munir
Tue Apr 19, 2016 1:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Publishes Duration and Holdings Of Core Bond Fund
Replies: 14
Views: 1844

Re: Vanguard Publishes Duration and Holdings Of Core Bond Fund

When asking earlier about corporate vs. government bond holdings in this fund on the Vanguard blog, I just noticed Vanguard's reply below: "Vanguard | April 11, 2016 1:44 pm The Core Bond Fund’s profile on vanguard.com will include the portfolio composition and distribution of credit quality.. ...
by Munir
Tue Apr 19, 2016 12:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Publishes Duration and Holdings Of Core Bond Fund
Replies: 14
Views: 1844

Re: Vanguard Publishes Duration and Holdings Of Core Bond Fund

lack_ey wrote:All TBD I would say. This is an old snapshot from very early on, not very indicative.


Makes sense. Thanks. (I assume TBD means "to be decided").
by Munir
Tue Apr 19, 2016 12:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Publishes Duration and Holdings Of Core Bond Fund
Replies: 14
Views: 1844

Re: Vanguard Publishes Duration and Holdings Of Core Bond Fund

What is the % of corporate bonds in this fund's portfolio?

Other than being a managed fund, having a medium quality credit instead of highest quality of its holdings, and having the possibility of acquiring up to 5% of junk bonds, how is this fund different from the Total Bond Market fund?
by Munir
Tue Apr 19, 2016 3:02 am
Forum: Investing - Theory, News & General
Topic: Vanguard Publishes Duration and Holdings Of Core Bond Fund
Replies: 14
Views: 1844

Vanguard Publishes Duration and Holdings Of Core Bond Fund

https://personal.vanguard.com/us/funds/snapshot?FundId=1520&FundIntExt=INT#tab=2 The holdings include 31% Treasury/Agency and a duration of 5.6 years. I couldn't find an SEC yield. As far as credit quality, 24% are US government and 38% are not rated. Total number of bonds is 307. Will these num...
by Munir
Tue Apr 12, 2016 4:28 pm
Forum: Investing - Theory, News & General
Topic: Annuities and longevity risk, analyzing the problem
Replies: 45
Views: 3732

Re: Annuities and longevity risk, analyzing the problem

Larry,

Am I understanding you correctly that for an anuuitant who is 78 (spouse 75) who are applying for a joint & survivor contract, it is preferrable to use the SPIA and not the longevity annuity?
by Munir
Tue Apr 12, 2016 4:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Target Funds Rank #1
Replies: 7
Views: 1189

Re: Vanguard Target Funds Rank #1

Let's be accurate. The number 1 applies to assets. Morningstar has performed a spectacular service with this comprehensive and nuanced report. Let's not simplify the depth and complexity of the analysis. Lev In a table near the end of the report, Vanguard and Black Rock were the only two organizati...
by Munir
Mon Apr 11, 2016 10:40 am
Forum: Investing - Help with Personal Investments
Topic: When will Vanguard publish holdings, duration, and yield of Core Bond Fund?
Replies: 5
Views: 531

When will Vanguard publish holdings, duration, and yield of Core Bond Fund?

Vanguard has yet too publish the duration, yield, and holdings (such as % of corporate holdings) of the new Core Bond fund (VCOBX) even though the initial subscription period has been long completed. My Flagship rep says it will be "some time in the future". I am surprised that so many ind...
by Munir
Tue Apr 05, 2016 4:10 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads too conservative?
Replies: 135
Views: 13126

Re: Are Bogleheads too conservative?

Sticking to the long-term plan, our basic portfolio is -- Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) Vanguard Intermediate-Term Bond Index Fund Admiral Shares (VBILX) Vanguard Intermediate-Term Investment-Grade ...
by Munir
Tue Apr 05, 2016 12:43 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads too conservative?
Replies: 135
Views: 13126

Re: Are Bogleheads too conservative?

Sticking to the long-term plan, our basic portfolio is -- Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) Vanguard Intermediate-Term Bond Index Fund Admiral Shares (VBILX) Vanguard Intermediate-Term Investment-Grade ...
by Munir
Sat Apr 02, 2016 1:26 am
Forum: Investing - Theory, News & General
Topic: Listen to Jack on this one [prefer Intermediate-term bond index]
Replies: 48
Views: 5827

Re: Listen to Jack on this one [prefer Intermediate-term bond index]

One potential drawback of the Intermediate Bond Index is the duration of 6.5 years which is longer than TBM's 5.6 years duration. Is this difference not considered significant anymore in a time of possible rising rates in the future? Another not-mentioned fund is the new Core Bond Fund whose duratio...
by Munir
Mon Mar 28, 2016 11:11 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Core Bond Fund opens to investors]
Replies: 107
Views: 13076

Re: [Vanguard Core Bond Fund opens to investors]

Now that the initial subscription period for this fund is over, when will we know the asset allocation, types of bonds, duration etc..?
by Munir
Wed Mar 23, 2016 12:03 pm
Forum: Investing - Theory, News & General
Topic: I love the Total Bond Market fund
Replies: 22
Views: 3671

Re: I love the Total Bond Market fund

I worry about someone "falling in love" with a mutual fund. Financial decisions are supposed to be made on a rational basis and not in a state of passion. A person in love will start searching for rational reasons to justify his state of love. My impression is that this love affair with TB...
by Munir
Tue Mar 22, 2016 1:34 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Core Bond Fund opens to investors]
Replies: 107
Views: 13076

Re: [Vanguard Core Bond Fund opens to investors]

Core Bond could have the shorter duration around 5.6 of TBM and the higher ratio of corporates like the Intermediate Bond Index since its M* x-ray box shows a lower quality bond holdings than TBM.
by Munir
Sat Mar 19, 2016 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: VG Core Bond Fund
Replies: 5
Views: 474

Re: VG Core Bond Fund

nisiprius wrote: the two funds have different style boxes--the core bond fund has "medium" credit quality while Total bond has "high" credit quality.


nisiprius,

Where did you find the style box for the core bond fund?
by Munir
Sat Mar 19, 2016 12:05 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Core Bond Fund opens to investors]
Replies: 107
Views: 13076

Re: [Vanguard Core Bond Fund opens to investors]

VBILX has a longer duration and lower credit rating but also has a 50:50 balance between corporates and government issues and best performance. If you change to past tense for the performance phrase, the statement is fine. We have had a long, secular period of falling interest rates, which is a str...
by Munir
Fri Mar 18, 2016 12:40 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Core Bond Fund opens to investors]
Replies: 107
Views: 13076

Re: [Vanguard Core Bond Fund opens to investors]

Vanguard's intermediate bond funds all have some drawbacks. TBM is the most encompassing and very "safe" but also has MBS (which some don't like) and is the worst performer under "normal" circumstances in this group. VBILX has a longer duration and lower credit rating but also ha...
by Munir
Mon Mar 14, 2016 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: When to simplify due to cognitive decline?
Replies: 39
Views: 4269

Re: When to simplify due to cognitive decline?

Agree. As a retiree, I wish Vanguard would create a Balanced Index with 40:60 allocation in addition to the current 60:40.... Perhaps Vanguard LifeStrategy Conservative Growth Fund (VSCGX)? I currently own the VSCGX fund. Another fund close to it is the Target Retirement 2010 with 35% equities. How...
by Munir
Mon Mar 14, 2016 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: When to simplify due to cognitive decline?
Replies: 39
Views: 4269

Re: When to simplify due to cognitive decline?

Truly a question for the ages - pun intended. I'd love to have just one fund but don't like the LS or TD offerings and the fact that they change. Balanced Index is my main TIRA fund but it is a bit more aggressive than I'd like. To soften the aggressiveness adds more funds/complexity. Wellesley see...
by Munir
Sun Mar 13, 2016 4:07 pm
Forum: Investing - Theory, News & General
Topic: Bogle - "Since 1990, US stocks grew 10%, Intl grew 6%"
Replies: 56
Views: 6210

Re: Bogle - "Since 1990, US stocks grew 10%, Intl grew 6%"

That there are experts whom I respect who have opposing views on the role of international stocks in a portfolio only confirms what I already knew to be true: this is an unsolvable problem. Although it can be fun to argue the merits of your own choice regarding international stocks, this argument i...
by Munir
Sun Mar 13, 2016 1:40 pm
Forum: Investing - Theory, News & General
Topic: Bogle - "Since 1990, US stocks grew 10%, Intl grew 6%"
Replies: 56
Views: 6210

Re: Bogle - "Since 1990, US stocks grew 10%, Intl grew 6%"

Bogle has said in the past that he doesn't think there is a need for any international holdings but up to 20% of equities being international is "OK". Vanguard currently has 40% international in their Target Date and Life Strategy funds' equities. Vanguard also has 30% international bonds ...
by Munir
Thu Mar 10, 2016 5:36 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Core Bond Fund opens to investors]
Replies: 107
Views: 13076

Re: [Vanguard Core Bond Fund opens to investors]

How will the portfolio of the new fund be different from Total Bond Fund? Duration? Yield? Corporate vs. government bond ratio? Are these facts not available yet? If so, any guesses?
by Munir
Thu Mar 10, 2016 2:27 pm
Forum: Investing - Theory, News & General
Topic: Where I Disagree with Vanguard - Alan Roth
Replies: 23
Views: 5938

Re: Where I Disagree with Vanguard - Alan Roth

Alan Roth invented the Roth IRA back in 1939, so I would at least consider what he has to say. I assume you are joking. The Roth IRA was named after Senator William Roth from Delaware. From Wikipedia: "William Victor "Bill" Roth, Jr. (July 22, 1921 – December 13, 2003) was an America...
by Munir
Mon Mar 07, 2016 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D
Replies: 34
Views: 2191

Re: Medicare Part D

Humana Walmart Plan. You don't have to use Walmart Pharmacy. Use their mail order pharmacy- much cheaper.
by Munir
Mon Feb 22, 2016 4:26 pm
Forum: Personal Consumer Issues
Topic: AWD or FWD? and van repair question.
Replies: 23
Views: 1633

Re: AWD or FWD? and van repair question.

AWD will affect gas mileage negatively too, maybe two or three mpg. I do believe all things being equal (tires etc) that AWD will perform better in slippery conditions so I am all in favor of that. Is all-wheel drive the same as four-wheel drive? If not, what is the difference? AWD refers to a vehi...
by Munir
Mon Feb 22, 2016 12:00 pm
Forum: Personal Consumer Issues
Topic: AWD or FWD? and van repair question.
Replies: 23
Views: 1633

Re: AWD or FWD? and van repair question.

SpringMan wrote:AWD will affect gas mileage negatively too, maybe two or three mpg. I do believe all things being equal (tires etc) that AWD will perform better in slippery conditions so I am all in favor of that.


Is all-wheel drive the same as four-wheel drive? If not, what is the difference?
by Munir
Thu Feb 18, 2016 1:03 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1559
Views: 320179

Re: What Movie Have You Recently Watched?

"The Prophet". A beautiful animated film by the same director of "The Lion King".
by Munir
Thu Feb 11, 2016 1:50 pm
Forum: Investing - Theory, News & General
Topic: Why Aren't Long Term Treasuries Recommended Instead of Total Bond Market?
Replies: 55
Views: 5995

Re: Why Aren't Long Term Treasuries Recommended Instead of Total Bond Market?

Where would the Intermediate Term Treasury fund (VFIUX) fit in this discussion? Medium duration and all treasuries. Does it have the best or the worst of two worlds? For WIW, it has the best total return of all the intermediate Vanguard bond funds over the past 5 weeks.
by Munir
Wed Feb 10, 2016 12:40 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel : I was too bullish
Replies: 20
Views: 4280

Re: Jeremy Siegel : I was too bullish

Toons wrote:Nobody Knows Nothing :happy


This means that Everybody Knows Everything :D .
by Munir
Fri Feb 05, 2016 12:36 pm
Forum: Investing - Theory, News & General
Topic: Annuities as an Alternative to Shaky Markets? Not So Fast
Replies: 3
Views: 429

Re: Annuities as an Alternative to Shaky Markets? Not So Fast

Doesn't the answer whether to annuitize into SPIAs or not depend on one's age, size of portfolio, amount of debt (or lack of debt), and the admonition to annuitize only a portion of one's assets? With all those caveats, I think one can safely use SPIAs. It's not an all or none issue. The ideal candi...
by Munir
Fri Jan 29, 2016 2:10 am
Forum: Personal Finance (Not Investing)
Topic: Immediate Fixed Annuities
Replies: 45
Views: 2914

Re: Immediate Fixed Annuities

I have purchased three annuities thru Vanguard. Their payout was always the highest compared to other brokers but it doesn't hurt to shop.
by Munir
Wed Jan 20, 2016 12:32 pm
Forum: Investing - Theory, News & General
Topic: Capitulation!
Replies: 61
Views: 7345

Re: Capitulation!

livesoft wrote:Maybe not quite capitulation, but certainly another bona fide RBD for some things. :)


Such as?
by Munir
Tue Jan 19, 2016 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: vanguard short term bond index
Replies: 21
Views: 1841

Re: vanguard short term bond index

Being a stick-in-the-mud stay-the-courser I've just stayed in Vanguard Total Bond, following the blue line on this chart. Someone else who opted to switch to Vanguard Short-Term Intermediate Bond Index would have followed the orange line. If we each started with $10,000, I'd have $12,538 today. and...
by Munir
Sat Jan 16, 2016 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: VFIUX (Intermediate Treasury) vs. VSIGX (Intermediate Government Bond Index)
Replies: 12
Views: 681

Re: VFIUX (Intermediate Treasury) vs. VSIGX (Intermediate Government Bond Index)

If they are so similar, why did Vanguard create the Government Bond Index fund (VSIGX)? Maybe their returns are similar but Vanguard considers their holdings are different enough to warrant two funds?
by Munir
Sat Jan 16, 2016 9:39 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle: Follow these 4 Investing Rules
Replies: 14
Views: 3866

Re: Jack Bogle: Follow these 4 Investing Rules

AllenSmith wrote:Jack predicts 5% total return for next 10 years for SP500 broad index.


Did you mean 5% annual total return ......
by Munir
Fri Jan 15, 2016 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: VFIUX (Intermediate Treasury) vs. VSIGX (Intermediate Government Bond Index)
Replies: 12
Views: 681

VFIUX (Intermediate Treasury) vs. VSIGX (Intermediate Government Bond Index)

What are the differences between VFIUX (Intermediate Treasury Bond Fund) vs VSIGX (Intermediate Government Bond Index)? They are very similar in risk, duration, yield, performance, and expense ratios except that M* says the credit quality of VFIUX is AA while VSIGX is AAA. What would make one prefer...
by Munir
Tue Jan 12, 2016 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Jane B. Quinn- New retirement guide- SS suspension
Replies: 10
Views: 2093

Re: Jane B. Quinn- New retirement guide- SS suspension

cherijoh wrote:You may be interested in this book that discusses SS claiming strategies in detail. There is also this thread talking about recent changes in the rules started by the book's author.


The author is Mike Piper, who posts on this forum. Very knowledgeable person.
by Munir
Sun Jan 03, 2016 2:47 pm
Forum: Investing - Theory, News & General
Topic: The Bogleheads' Silent Majority
Replies: 255
Views: 36243

Re: The Bogleheads' Silent Majority

Interesting numbers. There is a big jump between users with 1000 and 5000 posts. How many users with 2000, 3000, and 4000 posts?
by Munir
Sat Jan 02, 2016 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Why buy Corporate Bonds?
Replies: 34
Views: 2350

Re: Why buy Corporate Bonds?

The mantra of taking one's risk in equities and not in investment grade corporate bonds may apply to some individuals but it does not make sense to me. First, equity risk is much more severe and losses more pronounced than the risk of owning investment grade corporate bonds. Second, the holding of b...
by Munir
Sat Jan 02, 2016 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Why did TBM lag behind other bond funds this year?
Replies: 19
Views: 2070

Re: Why did TBM lag behind other bond funds this year?

Hi, first time poster. Thanks for your patience with me. I have been looking over the 1 year performance for the Vanguard bond funds and noticed that Total Bond Market lagged behind all of the other intermediate and short term funds (besides TIPS). Can anyone explain why? It seems like the return f...
by Munir
Sat Jan 02, 2016 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Why buy Corporate Bonds?
Replies: 34
Views: 2350

Re: Why buy Corporate Bonds?

Income. High quality corporate bonds offer higher levels of current income. If someone was holding bonds because they expect to sell them in crisis to "rebalance" into stocks, corporate bonds may have liquidity problems or be a bit too correlated with stocks for someone that was trying to...

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