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by Rick Ferri
Sun Aug 21, 2016 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Rick Ferri Portfolio Review
Replies: 34
Views: 3976

Re: Rick Ferri Portfolio Review

I'd like to add some clarity behind this conversation as my Core-4 portfolio has become quite popular over the years. There is a difference between investment philosophy and portfolio strategy. We're all Bogleheads', which means we all believe in low-cost passive investing. This is our "philoso...
by Rick Ferri
Thu Jul 21, 2016 6:09 pm
Forum: Investing - Theory, News & General
Topic: Great Rick Ferri Interview
Replies: 12
Views: 4524

Re: Great Rick Ferri Interview

Thanks!

Rick Ferri
by Rick Ferri
Thu Jul 21, 2016 6:04 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri on "Swim with Jim" to discuss robo advisers
Replies: 2
Views: 1046

Rick Ferri on "Swim with Jim" to discuss robo advisers

Interested in robo advisers? Here are some of my perspectives on this fledgling industry:

Swim With Jim Video Episode 1 "Rick Ferri on Robo Advisers"

Enjoy!

Rick Ferri
by Rick Ferri
Tue Jul 12, 2016 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Ideal allocation for someone who has reached their "number"
Replies: 32
Views: 3398

Re: Ideal allocation for someone who has reached their "number"

How would you invest money for the next generation? That's who you're investing for. Divide you money between what you need and what you'll be passing on. Come up with two allocations, combine the two using a weighted average and you'll find your overall allocation. For example, if you need $2 milli...
by Rick Ferri
Tue Jul 12, 2016 5:48 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri looking to internationalize his portfolio
Replies: 500
Views: 114148

Re: Rick Ferri looking to internationalize his portfolio

I'm still "looking" to increase my international exposure a year and a half after writing the original post. Maybe this is the time? :happy Rick Ferri Hi Rick, Could you please explain why you favor Emerging Market Bonds and not Total International Bond Index? Will you be adding Emerging ...
by Rick Ferri
Tue Jul 12, 2016 5:42 pm
Forum: Personal Consumer Issues
Topic: How much cash to give when invited to a wedding?
Replies: 81
Views: 5912

Re: How much cash to give when invited to a wedding?

I concur. We give $50 per person attending for a distant friend or family member, $100 per person attending for a close friend or family member.

Rick Ferri
by Rick Ferri
Tue Jul 12, 2016 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidate?
Replies: 12
Views: 689

Re: Consolidate?

Mr Ferri, I recall you had issues with being locked out of your gmail account. Do you think it could happen that you would be locked out of your accounts at your large and reputable firm? I do, so I have redundancy as a contingency for that. The good news is my G-mail is back up. The bad news is I ...
by Rick Ferri
Tue Jul 12, 2016 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidate?
Replies: 12
Views: 689

Re: Consolidate?

Keep It Simple. One "house" is sufficient I find it interesting the younger Bogleheads' talk about adding more funds and adding more custodians while we baby boomers talk about reducing funds and reducing custodians. At age 58, my attitude now is why bother with complication. More stuff h...
by Rick Ferri
Tue Jul 12, 2016 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidate?
Replies: 12
Views: 689

Re: Consolidate?

I no longer worry about having all funds at one large and reputable firm. Custody in an account is different than an investment in a company or product sold by that company. Even during the financial crisis, people who invested with Lehman Brothers and Bear Sterns has access to the money in their ac...
by Rick Ferri
Fri Jul 01, 2016 7:47 am
Forum: Personal Consumer Issues
Topic: Need help getting Gmail back
Replies: 31
Views: 2553

Re: Need help getting Gmail back

HueyLD wrote:
Rick Ferri wrote:This is probably just short of a miracle - Google looked at my issue, reset my password and I was able recovered all my lost email!

Did the "account recovery form" finally get Google's attention? It's a good thing then.


Yes. Im now convinced there is a Google God.

Rick
by Rick Ferri
Thu Jun 30, 2016 10:27 am
Forum: Personal Consumer Issues
Topic: Need help getting Gmail back
Replies: 31
Views: 2553

Re: Need help getting Gmail back

This is probably just short of a miracle - Google looked at my issue, reset my password and I was able recovered all my lost email!

:sharebeer

Rick Ferri
by Rick Ferri
Thu Jun 30, 2016 7:06 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri looking to internationalize his portfolio
Replies: 500
Views: 114148

Re: Rick Ferri looking to internationalize his portfolio

I'm still "looking" to increase my international exposure a year and a half after writing the original post. Maybe this is the time? :happy

Rick Ferri
by Rick Ferri
Wed Jun 29, 2016 3:20 pm
Forum: Personal Consumer Issues
Topic: Need help getting Gmail back
Replies: 31
Views: 2553

Re: Need help getting Gmail back

qwertyjazz wrote:
Rick Ferri wrote:I can't post to the help forum and ask for help signing in unless I'm signed into Gmail, and I can't sign in.

Rick Ferri

Create a new account to sign in to gmail to post


Did this. Thanks. We'll see if it helps.

Rick
by Rick Ferri
Wed Jun 29, 2016 2:50 pm
Forum: Personal Consumer Issues
Topic: Need help getting Gmail back
Replies: 31
Views: 2553

Re: Need help getting Gmail back

I can't post to the help forum and ask for help signing in unless I'm signed into Gmail, and I can't sign in.

Rick Ferri
by Rick Ferri
Wed Jun 29, 2016 2:25 pm
Forum: Personal Consumer Issues
Topic: Need help getting Gmail back
Replies: 31
Views: 2553

Re: Need help getting Gmail back

jayjayc wrote:As a last resort, you could try calling your old phone number and ask the new owner if he can read the verification code from google.


The number was a business phone, which is no longer in use by anyone.

Rick
by Rick Ferri
Wed Jun 29, 2016 2:24 pm
Forum: Personal Consumer Issues
Topic: Need help getting Gmail back
Replies: 31
Views: 2553

Re: Need help getting Gmail back

Do you know if you set up a separate recovery email address within Google? When you try to log into Google, have you tried indicating that you forgot or don't know your current password? I haven't tried this myself, but it might give you an option to have a reset email sent to your recovery email a...
by Rick Ferri
Wed Jun 29, 2016 2:12 pm
Forum: Personal Consumer Issues
Topic: Need help getting Gmail back
Replies: 31
Views: 2553

Re: Need help getting Gmail back

I do not have the codes.

Rick
by Rick Ferri
Wed Jun 29, 2016 1:52 pm
Forum: Personal Consumer Issues
Topic: Need help getting Gmail back
Replies: 31
Views: 2553

Need help getting Gmail back

I need help with Gmail. I changed my password but had forgotten to first change my phone number used in the 2-step verification process. Now I cant log on because the code is being sent to an old number. I tried everything Google suggested, including sending in an Account Recovery form 7 days ago. I...
by Rick Ferri
Fri Jun 24, 2016 4:34 am
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 118
Views: 10619

Re: International stocks in free fall

United we stand and divided we fall.
by Rick Ferri
Thu Jun 23, 2016 10:08 pm
Forum: Investing - Theory, News & General
Topic: Actionable advice in a Brexit scenario
Replies: 162
Views: 16637

Re: Actionable advice in a Brexit scenario

Actionable advice is to visit England this summer because everything just went on sale.

Rick Ferri
by Rick Ferri
Thu Jun 23, 2016 4:27 am
Forum: Investing - Theory, News & General
Topic: New AQR/Asness Paper on Factor Timing
Replies: 9
Views: 923

Re: New AQR/Asness Paper on Factor Timing

The multi-factor "smart beta" space is becoming increasing crowded as investment companies trip over each other to introduce me-too products. There are now dozens of mutual funds and ETFs following known factors of value, momentum, quality and size. Given so much competition, the next step...
by Rick Ferri
Wed Jun 22, 2016 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Maturity defined corporate bond ETF
Replies: 6
Views: 415

Re: Maturity defined corporate bond ETF

One strategy is to match the duration of a bond portfolio to the duration of your liabilities. If this money is for retirement, and you're not yet retired or plan to be retired for several years, then a longer term duration is perfectly fine. Also, hedge against unanticipated inflation with an alloc...
by Rick Ferri
Wed Jun 22, 2016 7:56 am
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday, Mel! Boglehead #2.
Replies: 41
Views: 2966

Happy Birthday, Mel! Boglehead #2.

Happy birthday, Mel! You're a great man. In unsung hero! We are all eternally thankful for everything you have done to make this forum and the Bogleheads the success it has become. Have a wonderful day!

Semper Fi
Rick Ferri
by Rick Ferri
Sat Jun 18, 2016 12:28 pm
Forum: Investing - Theory, News & General
Topic: Factor-Based Investing: Do DFA Funds Generate Risk-Adjusted "Alpha?"
Replies: 30
Views: 2120

Re: Factor-Based Investing: Do DFA Funds Generate Risk-Adjusted "Alpha?"

kolea No the alpha definition has changed as it's not a CAPM alpha when you use a 3 factor model, it's a 3 factor model alpha. And if you add momentum, it's now a 4-factor alpha, add low vol and or low beta and quality/profitability and you have a 5 or 6 factor alpha. That's important to understand...
by Rick Ferri
Sat Jun 11, 2016 11:48 am
Forum: Investing - Theory, News & General
Topic: Int'l Bonds - "A Key Asset Class Most Investors Completely Ignore"
Replies: 76
Views: 6129

Re: Int'l Bonds - "A Key Asset Class Most Investors Completely Ignore"

Here are a few tips for investors who are still trying to find the optimal asset allocation: 1) the optimal asset allocation is only known in retrospect. 2) you don't need to find the optimal asset allocation to meet you financial needs. 3) you don't need to invest in every asset class Vanguard has...
by Rick Ferri
Thu Jun 09, 2016 7:31 pm
Forum: Investing - Theory, News & General
Topic: Int'l Bonds - "A Key Asset Class Most Investors Completely Ignore"
Replies: 76
Views: 6129

Re: Int'l Bonds - "A Key Asset Class Most Investors Completely Ignore"

While I agree that the optimal asset allocation going foward is only known in retrospect, please don't use this as an excuse to not at least spend some time learning how different asset classes seem to work together, in terms of both typical correlation, as well as how asset classes tend to behave ...
by Rick Ferri
Thu Jun 09, 2016 10:16 am
Forum: Investing - Theory, News & General
Topic: Int'l Bonds - "A Key Asset Class Most Investors Completely Ignore"
Replies: 76
Views: 6129

Re: Int'l Bonds - "A Key Asset Class Most Investors Completely Ignore"

The older I get, the more I believe less is more. :D

Rick Ferri
by Rick Ferri
Thu Jun 09, 2016 10:13 am
Forum: Investing - Theory, News & General
Topic: 10 Year Treasury low yield
Replies: 45
Views: 4048

10 Year Treasury low yield

Despite all the hype and fear that higher interest rates would harm investor portfolios this year, the yield on a the benchmark 10 year Treasury hit 1.659% today, down from 2.245% at the beginning of 2016.

Rick Ferri
by Rick Ferri
Wed Jun 08, 2016 6:33 pm
Forum: Investing - Theory, News & General
Topic: Int'l Bonds - "A Key Asset Class Most Investors Completely Ignore"
Replies: 76
Views: 6129

Re: Int'l Bonds - "A Key Asset Class Most Investors Completely Ignore"

Here are a few tips for investors who are still trying to find the optimal asset allocation: 1) the optimal asset allocation is only known in retrospect. 2) you don't need to find the optimal asset allocation to meet you financial needs. 3) you don't need to invest in every asset class Vanguard has ...
by Rick Ferri
Tue Jun 07, 2016 7:47 pm
Forum: Investing - Theory, News & General
Topic: Int'l Bonds - "A Key Asset Class Most Investors Completely Ignore"
Replies: 76
Views: 6129

Re: Int'l Bonds - "A Key Asset Class Most Investors Completely Ignore"

I don't see a good reason to allocate money away from US bonds to hedged foreign bonds. The Vanguard International bond fund is yielding less than half that of a similar duration US government bond fund, the currency is hedged, so there is no benefit to investors from a rise in foreign currency agai...
by Rick Ferri
Tue Jun 07, 2016 7:39 pm
Forum: Investing - Theory, News & General
Topic: Risk Tolerance
Replies: 27
Views: 1973

Re: Risk Tolerance

When ones ability to take risk is below their need to take risk, it doesn't matter what their there willingness to take risk is, they have a problem. They're not going to have enough money. Thus, a person saving for retirement who is in this situation needs to either 1) save more each year, 2) save...
by Rick Ferri
Mon Jun 06, 2016 8:19 pm
Forum: Investing - Theory, News & General
Topic: Risk Tolerance
Replies: 27
Views: 1973

Re: Risk Tolerance

There's also the "need" to take risk, or lack of a need. If you've saved enough for retirement and don't need to take a lot of risk even though your able and willing, then you may not want to expose your portfolio extra risk. Rick Ferri, I have a follow up question on semantics. I have ne...
by Rick Ferri
Mon Jun 06, 2016 12:15 pm
Forum: Investing - Theory, News & General
Topic: The Ever More Efficient Market
Replies: 23
Views: 1789

Re: The Ever More Efficient Market

When an anomaly becomes known and an increase in market participation causes the premium to disappears, it's called something. There must be a name for this "crowding out". I just don't know what it is. Does anyone?

Rick Ferri
by Rick Ferri
Mon Jun 06, 2016 11:38 am
Forum: Investing - Theory, News & General
Topic: Risk Tolerance
Replies: 27
Views: 1973

Re: Risk Tolerance

There's also the "need" to take risk, or lack of a need. If you've saved enough for retirement and don't need to take a lot of risk even though your able and willing, then you may not want to expose your portfolio extra risk. The three legs of the stool are: "Need" to take risk i...
by Rick Ferri
Mon Jun 06, 2016 11:33 am
Forum: Investing - Theory, News & General
Topic: Opportunistic rebalancing and handling flexibility
Replies: 8
Views: 518

Re: Opportunistic rebalancing and handling flexibility

I've been on a sabbatical for several months. You'll hear from me in the future. I can't say exactly when or how.

:beer

Rick Ferri
by Rick Ferri
Mon Jun 06, 2016 11:12 am
Forum: Investing - Theory, News & General
Topic: Opportunistic rebalancing and handling flexibility
Replies: 8
Views: 518

Re: Opportunistic rebalancing and handling flexibility

My advice? Don't overthink rebalancing. Everything works as long as it's consistent, i.e. annually, bands, thresholds, etc. The less complicated the better because you'll actually get it done. Your plan sounds fine (if not too complicated). Just do it.

Rick Ferri
by Rick Ferri
Mon Jun 06, 2016 10:53 am
Forum: Investing - Theory, News & General
Topic: "Negative interest rates: What they are and what they mean."
Replies: 10
Views: 1667

Re: "Negative interest rates: What they are and what they mean."

How does this affect US investors? Vanguard Total International Bond Index Fund Admiral Shares ( VTABX ) has an SEC yield of only 0.64% and a 7.6 year duration. The Vanguard Intermediate-Term Government Bond Index Fund Admiral Shares ( VSIGX ) has an SEC yield of 1.33% and a shorter 5.2 year duratio...
by Rick Ferri
Fri Jun 03, 2016 6:20 pm
Forum: Personal Consumer Issues
Topic: How To Write A Book Proposal
Replies: 16
Views: 1272

Re: How To Write A Book Proposal

Hello. I am interested in writing an investing book. Does anybody have a good resource on how to write an enticing book proposal? Why are you writing a book proposal? Why not just write the book if that's what you want to do? Are you planning to hire a publisher or an agent or something? I'd recomm...
by Rick Ferri
Sat May 28, 2016 9:36 pm
Forum: Investing - Theory, News & General
Topic: What is evidence based investing?
Replies: 27
Views: 2230

Re: What is evidence based investing?

The phrase "evidence based investing" does have one redeeming quality, it means fewer people will call multi-factor investing "smart beta".

Rick Ferri
by Rick Ferri
Mon May 23, 2016 8:44 pm
Forum: Investing - Theory, News & General
Topic: Lessons from the past - digging though old work records
Replies: 27
Views: 3870

Re: Lessons from the past - digging though old work records

Hi Rick Nice to hear from you again-I thought we had lost you for a while. Your words of wisdom have been a great help to me even though I am a UK resident. Good advice is good advice anywhere! Keep up the good fight-we need you! xxd09 We need a Bogleheads.uk forum! Thanks for the kind words. I nev...
by Rick Ferri
Mon May 23, 2016 4:52 pm
Forum: Investing - Theory, News & General
Topic: Lessons from the past - digging though old work records
Replies: 27
Views: 3870

Re: Lessons from the past - digging though old work records

Interesting. Why did you stick around even a few months if you knew the rest of the company wasn't following your newly enlightened mission? I guess it took a while to get out. Career change is not always an easy decision, especially when one has a family to support. I really appreciate Rick's shar...
by Rick Ferri
Mon May 23, 2016 12:35 pm
Forum: Investing - Theory, News & General
Topic: Lessons from the past - digging though old work records
Replies: 27
Views: 3870

Re: Lessons from the past - digging though old work records

Interesting. Why did you stick around even a few months if you knew the rest of the company wasn't following your newly enlightened mission? I guess it took a while to get out. Career change is not always an easy decision, especially when one has a family to support. I really appreciate Rick's shar...
by Rick Ferri
Mon May 23, 2016 9:46 am
Forum: Investing - Theory, News & General
Topic: Lessons from the past - digging though old work records
Replies: 27
Views: 3870

Lessons from the past - digging though old work records

I thought you might enjoy this bit of personal history... I was digging through some old work records and came across my Smith Barney commission "production" report from the 1990s. It made me laugh to review how my commissions changed from 1995 to 1999. I earned $358k for the company in 19...
by Rick Ferri
Mon May 23, 2016 7:55 am
Forum: Investing - Theory, News & General
Topic: Total market/passive investing as a self-destructive paradigm
Replies: 10
Views: 1693

Re: Total market/passive investing as a self-destructive paradigm

The dispersion of annual return among individual S&P 500 stocks has not changed much in 50 years despite trillions being indexed to the S&P 500. I don't think it will change as long as one will buyer and one willing seller of an individual stock trade at a level they both believe is fair. Yo...
by Rick Ferri
Sat May 14, 2016 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: The Intelligent Investor
Replies: 12
Views: 1546

Re: The Intelligent Investor

The Intelligent Investor by Benjamin Graham is on sale for Amazon Kindle today for $2.99. Does anyone know if this is a good book that falls in line with boglehead thinking? It seems like a great deal, but I don't want to buy something if it's all about how to pick great stocks or other concepts I'...
by Rick Ferri
Sat May 14, 2016 12:36 pm
Forum: Investing - Theory, News & General
Topic: Bond Index Funds - The turning tide from active
Replies: 45
Views: 4005

Re: Bond Index Funds - The turning tide from active

The benefit of a total bond index fund is that it's diversified, simple and low cost. The disadvantage is you have no control over the allocation to sectors. If that bothers you, an alternative is to design your own fixed sector weighted index portfolio by using individual index funds from differenc...
by Rick Ferri
Sat May 14, 2016 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Question (Just starting out)
Replies: 9
Views: 667

Re: Asset Allocation Question (Just starting out)

I suggest reading my blog on Forbes:

The Flight Path Approach to Age-Based Asset Allocation

This approach starts out slow with equities and builds over time. The idea is to get you comfortable with taking more risk by living through a few downturns while you're in a lower allocation.

Rick Ferri
by Rick Ferri
Sat May 14, 2016 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Investing using Rick Ferri's 4 core. Need execution help !
Replies: 18
Views: 1818

Re: Investing using Rick Ferri's 4 core. Need execution help !

This is really cool...

PORTFOLIO CHARTS: Rick Ferri Core Four Portfolio

Rick Ferri

Note: the data used to calculate returns is as the author reported it and I have not independently verified this data.

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