Search found 564 matches

by VennData
Mon Jan 29, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Wall Street to Vanguard: We’re Not Your Doormat [Fidelity charging some plans to hold Vanguard funds]
Replies: 63
Views: 11069

Re: Wall Street to Vanguard: We’re Not Your Doormat

nisiprius wrote:
Mon Jan 29, 2018 1:01 pm
Yay Wall Street! Go Wall Street!
I almost hit the :!: button thinking Nusiprius's account had been compromised. <jk>
by VennData
Mon Jan 29, 2018 2:58 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Wall Street to Vanguard: We’re Not Your Doormat [Fidelity charging some plans to hold Vanguard funds]
Replies: 63
Views: 11069

Re: Wall Street to Vanguard: We’re Not Your Doormat

Paul Romano wrote:
Sun Jan 28, 2018 3:05 pm
As a long time Vanguard investor and supporter I can understand Fidelitys point of view... This is certainly an advantage to Vanguard in that they do not have to provide any customer support for all of these assets.
Vanguard's customer support is excellent
by VennData
Sat Jul 29, 2017 1:40 am
Forum: Investing - Theory, News & General
Topic: Treasury ends myRA program
Replies: 32
Views: 4283

Why demolish Myra?

[Thread merged into here, see below. --admin LadyGeek]

Here's a great idea for a way for the most vulnerable savers to start out and they're getting rid of it? Why?

https://www.nytimes.com/2017/07/28/busi ... obama.html
by VennData
Sat Feb 04, 2017 9:24 am
Forum: Investing - Theory, News & General
Topic: It appears Fiduciary changes may not happen after all.
Replies: 84
Views: 8116

Re: It appears Fiduciary changes may not happen after all.

Brokers cannot be responsible for their client's post-existing conditions.​

http://www.npr.org/2017/02/03/513224023 ... ive-action
by VennData
Sun Mar 08, 2015 8:18 am
Forum: Investing - Theory, News & General
Topic: SIGN PETITION for Jack Bogle's Presidential Medal of Freedon
Replies: 55
Views: 7416

Re: SIGN PETITION for Jack Bogle's Presidential Medal of Fre

TwoByFour wrote:The medal is largely political.
Doesn't have to be. I am sending out links to the site to everyone I know.
by VennData
Thu Feb 05, 2015 10:18 am
Forum: Investing - Theory, News & General
Topic: Bill Gross has a financial adviser.
Replies: 7
Views: 1255

Re: Bill Gross has a financial adviser.

nisiprius wrote:a divorced woman, receiving alimony, with a net worth of $3 million and an income of $300,000 a year...
Off hand do you recall if they had her phone number, or her Tinder handle?
by VennData
Thu Feb 05, 2015 9:45 am
Forum: Investing - Theory, News & General
Topic: 2015 Update on Buffett's Hedge Fund Bet
Replies: 18
Views: 2679

Re: Tortoise is winning - Buffett Bet against hedge funds

It makes you wonder why institutions invest in Hedge Funds? The highly paid people running the institutions would be quick to have drastic pay cuts, no trips to London, Hawaii, NYC if they did a 70/30 TSM/TBM. It's about job security in the sense of conning the fiduciary board oversight, who are re...
by VennData
Thu Feb 05, 2015 8:43 am
Forum: Investing - Theory, News & General
Topic: Bill Gross has a financial adviser.
Replies: 7
Views: 1255

Bill Gross has a financial adviser.

Bill Gross has a financial adviser. http://awealthofcommonsense.com/bill-gross-financial-advisor/ Is this good? That steeped in active management all his life, he's so confused that he's unable to manage his own money after a while? Is it bad? A guy who has certainly seen all the data on indexing in...
by VennData
Wed Dec 10, 2014 10:12 am
Forum: Investing - Theory, News & General
Topic: Harvey paper says re-balancing adds risk
Replies: 73
Views: 6965

Re: Harvey paper says re-balancing adds risk

Livesoft sums it up nicely; So I will change my IPS re-balance rule from: Sell in May and stay that way. To: Buy when things are here to stay. in_reality, any thoughts on this subject? I'm trying to get the whole IPS into the form of an easy-to-remember Haiku Work hard, save today Buy when things ar...
by VennData
Tue Dec 09, 2014 9:07 am
Forum: Investing - Theory, News & General
Topic: Harvey paper says re-balancing adds risk
Replies: 73
Views: 6965

Harvey paper says re-balancing adds risk

I was led to this by another anti-rebalancing article on Marketwatch http://www.marketwatch.com/story/the-hidden-truth-about-rebalancing-your-portfolio-2014-12-09 While a routinely rebalanced portfolio such as a 60-40 equity-bond mix is commonly employed by many investors, most do not understand tha...
by VennData
Sat May 03, 2014 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: An easy way to save money: Avoid the $300,000 car.
Replies: 152
Views: 25439

Re: An easy way to save money: Avoid the $300,000 car.

I avoid a car altogether. Live in a city like Chicago and don't need it, don't miss, in fact don't like them now.
by VennData
Tue Apr 29, 2014 7:11 pm
Forum: Investing - Theory, News & General
Topic: Fama/French Factors: "A Come-to-Buffet Moment" (from M*)
Replies: 74
Views: 6734

Re: Fama/French Factors: "A Come-to-Buffet Moment" (from M*)

nisiprius wrote:The point is, Roth seems to think the outperformance is real but fully explained by taking extra risk.
And extra advisor fees, since everyone is too stupid to use DFA on their own.
by VennData
Thu Apr 24, 2014 10:43 am
Forum: Investing - Theory, News & General
Topic: Lost Decades
Replies: 7
Views: 1656

Re: Lost Decades

Thanks Bob
by VennData
Thu Apr 24, 2014 9:17 am
Forum: Investing - Theory, News & General
Topic: Lost Decades
Replies: 7
Views: 1656

Lost Decades

Where did it go? The simple message here is that stock markets are volatile. Even in the long-run volatility is still important. These results emphasize that 10-year periods where an equity portfolio loses value in either real or nominal terms should be an event on which investors put some weight wh...
by VennData
Thu Apr 03, 2014 12:53 pm
Forum: Investing - Theory, News & General
Topic: [High-frequency trading hurts regular customers]
Replies: 108
Views: 9777

Re: [High-frequency trading hurts regular customers]

I just don't see what all the fuss is about (other than the Media and Michael Lewis wanting to sell stuff.) While HFT is a broad category with some definite positives, the practice of front running orders and offering immaterial price improvement is something that seems a clear negative for regular ...
by VennData
Thu Apr 03, 2014 12:36 pm
Forum: Investing - Theory, News & General
Topic: [High-frequency trading hurts regular customers]
Replies: 108
Views: 9777

Re: [High-frequency trading hurts regular customers]

VennData, IMO, HFT is designed to exploit limit orders! By reading the universe of limit orders in real time, they know exactly where to shave fractions of pennies from a trade. One fraction more, or less, and they can trip a whole lot of automatic triggers, and they can exploit that. That's why I ...
by VennData
Mon Mar 31, 2014 9:22 pm
Forum: Investing - Theory, News & General
Topic: [High-frequency trading hurts regular customers]
Replies: 108
Views: 9777

Re: [High-frequency trading hurts regular customers]

Just use limit orders.

Trading is so much cheaper thanks to SEC regs getting rid of the big spreads.

All the fuss is about market orders. Don't use them.
by VennData
Mon Mar 31, 2014 9:19 pm
Forum: Investing - Theory, News & General
Topic: Why is ordered filled at a split penny price point ?
Replies: 15
Views: 1387

Re: Why is ordered filled at a split penny price point ?

When this happens to me, the final price on my statement reverts to the limit order price. So check a couple days later, My final order has NEVER been in an amount smaller than a penny.
by VennData
Wed Mar 12, 2014 7:07 am
Forum: Investing - Theory, News & General
Topic: Blog: Vanguard Personal Advisor Services
Replies: 35
Views: 15411

Re: Blog: Vanguard Personal Advisor Services

Watch for the ad campaign.

Sarahjane, I have never had a question to Vanguard go unanswered. Probably sent over fifty emails and a couple dozen calls over the years. Communication is a Vanguard strength.
by VennData
Wed Mar 12, 2014 6:49 am
Forum: Investing - Theory, News & General
Topic: where did the dividend money go?
Replies: 8
Views: 1511

Re: where did the dividend money go?

Since a significant fraction of large companies revenues are now overseas, the resulting income and cash are held there due to the tax burden of moving them to the US. I wouldn't say burden, the money shuffled through these Dutch/Irish holding companies allow the global corporations to avoid any in...
by VennData
Thu Feb 27, 2014 7:11 pm
Forum: Investing - Theory, News & General
Topic: SEC-head? I may make a change after this...
Replies: 3
Views: 523

SEC-head? I may make a change after this...

We use a new data set obtained via a Freedom of Information Act request to investigate the trading strategies of the employees of the Securities and Exchange Commission (SEC). We find that a hedge portfolio that goes long on SEC employees’ buys and short on SEC employees’ sells earns positive and e...
by VennData
Sun Feb 16, 2014 6:39 pm
Forum: Investing - Theory, News & General
Topic: If tax rates have gone way up for you -
Replies: 17
Views: 2203

Re: If tax rates have gone way up for you -

You're married. The thresholds START at $250,000 AFTER deductions.

http://www.irs.gov/uac/Newsroom/Net-Inv ... e-Tax-FAQs

Don't sweat it.
by VennData
Sat Dec 28, 2013 7:36 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads 2014 Hedge fund contest
Replies: 160
Views: 22201

Re: Bogleheads 2014 Hedge fund contest

FUNdamental FUNd

Longs:

LLY - Eli Lilly & Co
PFE - Pfizer

Shorts:

RICK - Rick's Caberet
FOHL - Fredrick's of Hollywood
by VennData
Thu Aug 08, 2013 6:16 pm
Forum: Investing - Theory, News & General
Topic: Article regarding DFA's addition of Profitability screen
Replies: 28
Views: 3242

Re: Article regarding DFA's addition of Profitability screen

LOL, they will use a company's past profitability to predict future profitability... and you will need a fee-based adviser to get access.

Hardee haha. They'll have the suckers lining up for this one. Enjoy those fees flying out the window.
by VennData
Thu Jul 11, 2013 5:35 pm
Forum: Investing - Theory, News & General
Topic: The best investment advice you'll never get
Replies: 11
Views: 3155

The best investment advice you'll never get

Before their IPO, Google brought in Sharpe, Makiel, Bogle...

The Best Investment Advice You'll Never Get
by VennData
Sat Jul 06, 2013 12:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs - diluted tax efficiency?
Replies: 7
Views: 1272

Re: Vanguard ETFs - diluted tax efficiency?

This is a problem in theory, but Vanguard has been able to do a good enough job to avoid distributing capital gains on most ETFs. Agree. I've been very happy with Vanguard ETF distributions. i have not received a single capital gain and I own eight separate Vanguard stock, int'l, bond and REIT ETFs...
by VennData
Fri Jun 21, 2013 7:35 pm
Forum: Investing - Theory, News & General
Topic: Gold continues its free fall
Replies: 34
Views: 5854

Re: Gold continues its free fall

Another post on this subject that's not from a gold bug... that's a lot in a row.

The link was very telling. Look at this demographic:

http://www.gallup.com/poll/149195/ameri ... tment.aspx

Think of all the taxes they'll save.
by VennData
Thu May 30, 2013 10:59 am
Forum: Investing - Theory, News & General
Topic: CNBC ratings prove investors still just don't care.
Replies: 14
Views: 1371

CNBC ratings prove investors still just don't care.

http://slant.investorplace.com/2013/05/cnbc-ratings-prove-investors-still-just-dont-care/ Oh, they care alright. They are learning, even if it's been a trial by fire for many. It's... "Buy, Hold and Re-balance low cost index funds" versus "Mouth breathing TV viewing leading to picking what's hot, t...
by VennData
Sat May 18, 2013 3:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Mobile "Portfolio Analysis" is awful
Replies: 6
Views: 1018

Re: Vanguard Mobile "Portfolio Analysis" is awful

Whether its one percent, five or fifty. It's not useful. Even the bottom one percent should be able to at least see it all on one page. The idea that this will help make someone a decision by burying the Large/Mid/Small in a scond page is unfathomable. Any level of granularity on domestic internatio...
by VennData
Sat May 18, 2013 3:30 pm
Forum: Investing - Theory, News & General
Topic: WSJ discussion on retirement [Self-directed IRA]
Replies: 3
Views: 3514

WSJ discussion on retirement [Self-directed IRA]

Forget your 401(k) plan. The big money today is building nest eggs on everything from show horses to rock bands http://online.wsj.com/article/SB10001424127887323372504578467133425317620.html This paper has not got its reader's best interest at heart. I just don't think they are a credible source.
by VennData
Sat May 18, 2013 9:59 am
Forum: Investing - Theory, News & General
Topic: Vanguard Mobile "Portfolio Analysis" is awful
Replies: 6
Views: 1018

Vanguard Mobile "Portfolio Analysis" is awful

You can only set some broad stocks bonds allocation. you can't see the detail on one screen, no room for REITS or any specialized allocations. This thing is terrible. I've got a Google docs spread sheet that gives me everything plus detailed tax situations, when sales go long term, growth of portfol...
by VennData
Wed May 08, 2013 8:37 am
Forum: Investing - Theory, News & General
Topic: Now's the time to buy bonds - Gundlach
Replies: 15
Views: 4110

Re: Now's the time to buy bonds - Gundlach

So this guy that sells bonds wants you to buy bonds.

And he sells actively managed bond funds so he doesn't want you in bond index funds.

Sounds to me as if he's talking his book.
by VennData
Mon Apr 15, 2013 4:51 pm
Forum: Investing - Theory, News & General
Topic: timely blog post--dont' get too excited by the market
Replies: 7
Views: 1496

Re: timely blog post--dont' get too excited by the market

Some folks have been very, very excited about gold the last few years.
by VennData
Sun Mar 03, 2013 11:48 am
Forum: Investing - Theory, News & General
Topic: VG International Bond Index Fund
Replies: 24
Views: 2373

Re: VG International Bond Index Fund

I truly prefer not to hold any international funds and this is just adding more international funds to my holdings. Almost there The funds are dollar-based. They use options to not give you exposure to the foreign currencies since that is what the back testing shows is the way to add this portfolio...
by VennData
Mon Jan 21, 2013 12:31 pm
Forum: Investing - Theory, News & General
Topic: Update: The Incredible Shrinking Market
Replies: 87
Views: 11371

Re: Update: The Incredible Shrinking Market

Also, the government has not helped by significantly increasing the regulatory burden on public companies over the past decade. Quite possibly, the government has helped, since maybe those companies should not have been public in the first place. You cannot say either way. Investors are wise to hol...
by VennData
Mon Jan 21, 2013 12:23 pm
Forum: Investing - Theory, News & General
Topic: Expanded view of Asset Allocation
Replies: 47
Views: 3053

Re: Expanded view of Asset Allocation

I was a young investor, then I read your post. I finished reading your post and now I am an old investor and am glad I followed the Boglehead methodology.
by VennData
Wed Jan 02, 2013 10:39 pm
Forum: Investing - Theory, News & General
Topic: Interesting Fox Business article... [Rebalancing]
Replies: 13
Views: 2299

Re: Interesting Fox Business article... [Rebalancing]

Fox investing News. How much were they paid?

Absolutely ridiculous.
by VennData
Thu Dec 27, 2012 3:24 pm
Forum: Investing - Theory, News & General
Topic: Support Yacht
Replies: 2
Views: 627

Support Yacht

"...Sometimes even a megayacht isn't big enough... So to solve the problem of not enough space, wealthy sailors are investing in so-called support yachts to ferry around their personal helicopters, speedboats, sports cars and all the other assorted toys that go into a season in the Mediterranean's ...
by VennData
Thu Dec 27, 2012 3:17 pm
Forum: Investing - Theory, News & General
Topic: Finally, this year will be the stock picker's year
Replies: 1
Views: 457

Finally, this year will be the stock picker's year

Here's a funny one, please, lets see some more. Note that the pair-wise correlations of all S&P 500 stock combinations has fallen to 30%, down from a high of 70% in 2011. This indicates that we are close to being in a differentiated/stock picker’s market. ROFL! And then, this self-admonishing one, w...
by VennData
Fri Dec 21, 2012 11:08 am
Forum: Investing - Theory, News & General
Topic: Rich managers, poor clients - neologisms...
Replies: 1
Views: 559

Rich managers, poor clients - neologisms...

THE masters of the universe have been humbled. Over the past ten years, hedge-fund managers have underperformed not just the stockmarket, but inflation as well. http://www.economist.com/news/leaders/21568740-investors-have-paid-too-much-hedge-fund-expertise-better-focus-low-costs-star If the benefi...
by VennData
Thu Dec 20, 2012 4:24 am
Forum: Investing - Theory, News & General
Topic: DON'T PANIC! Bond Fund Corrections Shouldn't Spook You
Replies: 23
Views: 3012

Re: DON'T PANIC! Bond Fund Corrections Shouldn't Spook You

but it begs the question: what will people do when bonds (drumroll please) ... drop two percent?! If people are panicking at a slight dip that brings us back to where we were a month ago (which is still way ahead of where we were a year ago), I worry what will happen if/when rates rise in earnest. ...
by VennData
Fri Dec 14, 2012 12:31 pm
Forum: Investing - Theory, News & General
Topic: Should You Secular Market Time?
Replies: 37
Views: 3567

Re: Should You Secular Market Time?

Apostacy. The Temple Needs Cleansing. OUT! You money er... a... asset-allocation-changers.
by VennData
Thu Dec 13, 2012 12:21 am
Forum: Investing - Theory, News & General
Topic: "Skating Where the Puck Was"
Replies: 79
Views: 16853

Re: "Skating Where the Puck Was"

WJO: the best opportunities... 2) They involve real work, which is presumably what you're trying to avoid in retirement. 3) Carry with them a gargantuan amount of nonsystematic risk. And 2) and 3) are mutually exclusive. If you work on one "project" your risk is dramatic. If you work on many, you d...
by VennData
Thu Dec 13, 2012 12:06 am
Forum: Investing - Theory, News & General
Topic: Why did today's Fed announcement trash TIPS?
Replies: 37
Views: 5033

Re: Why did today's Fed announcement trash TIPS?

It really moved at 12:12:12 ... on 12/12/12.