Search found 421 matches

by Yesterdaysnews
Mon May 15, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 21903

Re: Buying a luxury car (how dumb would it be to do this?)

Personally, I am building up my courage (and *the* permission :-) to obtain a massively depreciated S-class and to get it out of my system. The way I look at it is that if the vehicle is going to put me emotionally in the poor house, why settle for a mediocre one? Sort of like why settle for an ave...
by Yesterdaysnews
Sun May 14, 2017 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 278
Views: 48853

Re: Physician Retirement Savings

I am interventional radiologist in private going on almost 10 yrs now, currently age 40. I actually enjoy my work a lot at the moment so not really thinking about part-time. NW is prob about $4m between paid off primary house and investment accounts. Debt free. Recently decided to loosen the purse s...
by Yesterdaysnews
Sat Apr 15, 2017 2:09 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Is Growing Faster Than Everybody Else Combined]
Replies: 34
Views: 2858

Re: NYT article on Vanguard

People are finally waking up to see the investment / mutual industry for what it really is, and are beginning to understand how few organization out there really are structured to help the "little people". Perhaps it took a very serious financial crisis to wake people up to the fraud and greed rampa...
by Yesterdaysnews
Mon Mar 27, 2017 9:25 pm
Forum: Investing - Theory, News & General
Topic: Bogle Interview CNN - Sat.
Replies: 71
Views: 6154

Re: John Bogle interview: is "deep risk" growing?

What a great person. Go Bogle!
by Yesterdaysnews
Mon Mar 20, 2017 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity vs. Vangard?
Replies: 57
Views: 5796

Re: Fidelity vs. Vangard?

I have both, but prefer Vanguard. Fidelity does a lot of shady things through their private investment arm F-Prime for the family and friends who own the company. While I grant you this behavior doesn't really effect me personally much but I simply don't like it, and thus tend to lean towards suppor...
by Yesterdaysnews
Wed Feb 01, 2017 11:50 pm
Forum: Investing - Theory, News & General
Topic: Just watched Warren Buffett's new HBO Documentary
Replies: 50
Views: 7663

Re: Just watched Warren Buffett's new HBO Documentary

It was very good. There is no doubt that Buffett is unique in his abilities. I got the feeling he may have a high functioning form of autism / Asperger's based on the discussion with his kids and more in depth look into his personality and behavior.
by Yesterdaysnews
Wed Nov 23, 2016 11:25 pm
Forum: Investing - Theory, News & General
Topic: Renaissance Technologies - Inside a Moneymaking Machine Like No Other
Replies: 54
Views: 6528

Re: Renaissance Technologies - Inside a Moneymaking Machine Like No Other

These guys used "basket options" and other similar shady methods to avoid taxes and boost returns. These are not legit returns in the way individual investors think of things fiddling around on their fidelity account online. Us average folk individual investors have no hope as it is far fr...
by Yesterdaysnews
Fri Nov 11, 2016 4:33 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 331
Views: 61971

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

I think you misjudge modern day physicians. The physicians who build the rep of being poor with money and extravagant lifestyles are from the golden era of medicine decades ago, when it was really a good time to be in medicine. Those guys could blow threw cash and didn't care cause they had extremel...
by Yesterdaysnews
Fri Nov 11, 2016 11:12 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 331
Views: 61971

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

I also am having a tough time understanding that blog -- seems like someone trying hard to project this regular guy persona. Why not just be true to yourself regardless of how much money one has? There is tremendous happiness and peace to be found in being true to yourself and not letting things lik...
by Yesterdaysnews
Fri Sep 30, 2016 9:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs vs. Index Funds
Replies: 20
Views: 3318

Re: Vanguard ETFs vs. Index Funds

...EFT...tax efficient...you can buy Vanguard ETFs at any broker...but use a superior brokerage platform such as Fidelity or Schwab So, are EFTs That Much More tax efficient than comparable index finds? Also, what makes Fid or Sch better platforms compared to Vang in your opinion? Thank you. Not a ...
by Yesterdaysnews
Sun Sep 18, 2016 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: A car nicer than the boss?
Replies: 257
Views: 29014

Re: A car nicer than the boss?

New S-class coupe looks like a Honda Accord so probably works out for the best.
by Yesterdaysnews
Sun Sep 18, 2016 12:37 pm
Forum: Investing - Theory, News & General
Topic: Paying off mortgage versus investing with a twist
Replies: 22
Views: 3199

Re: Paying off mortgage versus investing with a twist

I can give you my real world example -- I generally regret paying off my mortgage quickly in retrospect. I bought a suburban McMansion in a nice neighborhood in July 2010. The price was $1.2 M and I put $500k down. I had $700k jumbo loan at 4.5% for 15 years. I had been approved for $1M loan and cou...
by Yesterdaysnews
Sun Sep 18, 2016 12:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs vs. Index Funds
Replies: 20
Views: 3318

Re: Vanguard ETFs vs. Index Funds

I prefer ETFs. Mutual funds are great but seem to becoming the "old" way of doing things. ETFs are cheap (Vanguard and iShares is what I prefer), tax efficient, diversified, and liquid. I also like that they price in real-time during the day and not just at the end of the day. Another nice...
by Yesterdaysnews
Sun Sep 18, 2016 12:23 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Bank Balance better predictor of happiness than Total Wealth
Replies: 43
Views: 7588

Re: WSJ: Bank Balance better predictor of happiness than Total Wealth

Interesting perspective. I would agree having a lot of cash in the bank feels good, but not too much either. When you have too much sitting in the bank and you see the market go up steadily, you start to feel like you are missing out on all those gains.
by Yesterdaysnews
Thu Sep 15, 2016 8:29 pm
Forum: Investing - Theory, News & General
Topic: Is Warren Buffett the ultimate free rider?
Replies: 23
Views: 4632

Re: Is Warren Buffett the ultimate free rider?

He is a free rider in that he figures out ways to avoid paying capital gains tax on his holding. When he exits a position that usually has billions in unrealized capital gains he will avoid paying it by swapping the shares for something else or forming new holding companies etc. Unfortunately, it is...
by Yesterdaysnews
Tue Sep 13, 2016 11:53 am
Forum: Investing - Theory, News & General
Topic: Why does hint of Fed interest rate hike trigger sell-off?
Replies: 34
Views: 4751

Re: Why does hint of Fed interest rate hike trigger sell-off?

The market imo is a fundamentally different animal today with super-fast computers, fiber connections, HFT and algorithmic trading than it was 10 or 15 years ago. I always buy on large sell-off days and so far that has worked well for me (ie Brexit). Keep some dry powder, buy index ETFs on large dow...
by Yesterdaysnews
Sat Sep 10, 2016 2:59 pm
Forum: Investing - Theory, News & General
Topic: Why Your Portfolio Needs Plenty of Stocks, Whatever Your Age (NY Times)
Replies: 25
Views: 5246

Re: Why Your Portfolio Needs Plenty of Stocks, Whatever Your Age (NY Times)

Correct me if I'm wrong, but stocks/ETFs get step-up basis when inherited by ones kids right? This seems like it would make them the best vehicle to create generational wealth, if that is one's goals.
by Yesterdaysnews
Tue Aug 16, 2016 10:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Customer Service Issues
Replies: 102
Views: 11556

Re: Vanguard Customer Service Issues

Why not use only Vanguard ETFs exclusively but hold them at Fido or Schwab? You can buy them for $7 or $8. I understand prior to the creation of ETFs holding mutual funds at Vanguard made sense to access Admiral shares, however, I don't see the advantage anymore. I love Vanguard products, especially...
by Yesterdaysnews
Wed Aug 03, 2016 5:10 pm
Forum: Investing - Theory, News & General
Topic: Margin investing - how risky is it really?
Replies: 33
Views: 3214

Re: Margin investing - how risky is it really?

Have you read market timer's thread? What about that didn't convince you it can be risky? Certainly, it is risky. However, most people get approved for 50% initial margin which means you can double your purchasing power. I can see how it would not be that difficult to go broke with 1:1 equity to de...
by Yesterdaysnews
Wed Aug 03, 2016 5:05 pm
Forum: Investing - Theory, News & General
Topic: Margin investing - how risky is it really?
Replies: 33
Views: 3214

Re: Margin investing - how risky is it really?

livesoft wrote:I'm laughing about the dividend because you don't get the dividend, but have to pay them to the people you borrowed the stock(s) from. That's another cost above the interest for borrowing.


Can you explain this further? I thought you borrow money to buy more stock than you normally could.
by Yesterdaysnews
Wed Aug 03, 2016 3:43 pm
Forum: Investing - Theory, News & General
Topic: Margin investing - how risky is it really?
Replies: 33
Views: 3214

Margin investing - how risky is it really?

Just for grins, I put into the Interactive Broker margin calculator what I would pay in interest if I had a $2 million brokerage portfolio -- it spit out approximately 1%. How risky would it really be to take out a 20 or max 25% margin position at 1% (so borrow let's say 400k or 500k against the $2 ...
by Yesterdaysnews
Mon Aug 01, 2016 11:30 pm
Forum: Investing - Theory, News & General
Topic: How the Schwab "Intelligent" Portfolio service makes money
Replies: 2
Views: 583

Re: How the Schwab "Intelligent" Portfolio service makes money

I always thought they made their money with the large cash allocation in their intelligent portfolios.
by Yesterdaysnews
Sun Jul 31, 2016 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 36
Views: 5913

Re: Vanguard Personal Advisor Services

VPAS has the potential to prevent your from making bad decisions (panic selling) when things get choppy in the market which it will. One bad panic selling decision could potentially cost you far more than the charge for VPAS, so in my estimation if using it helps you stay the course through thick a...
by Yesterdaysnews
Sat Jul 30, 2016 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 36
Views: 5913

Re: Vanguard Personal Advisor Services

VPAS has the potential to prevent your from making bad decisions (panic selling) when things get choppy in the market which it will. One bad panic selling decision could potentially cost you far more than the charge for VPAS, so in my estimation if using it helps you stay the course through thick an...
by Yesterdaysnews
Sun Jul 17, 2016 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned about a market bubble – looking for safer funds
Replies: 16
Views: 1967

Re: Concerned about a market bubble – looking for safer funds

I would go 50-50 in a balanced fund. Vanguard tax-managed balanced in a taxable account and perhaps Wellington or Weselley income in a tax deferred. These fund held up well during the 2008 crash and will give you a decent 7 or 8% over the long term while you can still sleep at night. Nothing wrong w...
by Yesterdaysnews
Tue Jul 12, 2016 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: How does VPAS work?
Replies: 3
Views: 599

How does VPAS work?

I'm curious if anyone has used VPAS and could explain more details of how it works - specifically 1. Do you have move all the assets you want them to manage to VG prior to joining the service? 2. Do they take into account assets held outside of VG such as 401k at Schwab or Fido? 3. Do you add additi...
by Yesterdaysnews
Thu Jun 30, 2016 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: VG vs. Fido - The Grass Is Not Always Greener (or Is It?)
Replies: 69
Views: 9746

Re: VG vs. Fido - The Grass Is Not Always Greener (or Is It?)

I have account at both and prefer VG overall because I like VG funds. VG index funds are slightly better imo, especially tax efficiency. Better selection of index funds as well. Customer service and technology wise Fido is ahead. However, I also think it is easier to "stay the course" at V...
by Yesterdaysnews
Thu Jun 30, 2016 2:45 pm
Forum: Investing - Theory, News & General
Topic: Fidelity lowers expense ratio of some index funds
Replies: 123
Views: 12705

Re: Fidelity lowers expense ratio of some index funds

Vanguard is a great company and I would not fault anyone for holding all their assets there out of principle / agreeing with how they run their business. That is an important part of how we as consumers can influence business behavior.
by Yesterdaysnews
Wed Jun 29, 2016 2:54 pm
Forum: Investing - Theory, News & General
Topic: Fidelity lowers expense ratio of some index funds
Replies: 123
Views: 12705

Re: Fidelity lowers expense ratio of some index funds

These are fair points however I think the cat is out of the bag with low cost investing in indexes and there is no turning back. People have finally caught on that it is the best way to invest for the average person - and any attempts to raise ERs will likely backfire.
by Yesterdaysnews
Tue Jun 28, 2016 10:36 pm
Forum: Investing - Theory, News & General
Topic: Fidelity lowers expense ratio of some index funds
Replies: 123
Views: 12705

Re: Fidelity lowers expense ratio of some index funds

I have a seven figure account with Fidelity all in index funds and they have yet try to sell me a more expensive fund even once.... in fact, they have never even called me or contacted me in any way unless I asked them to. I dumped some expensive AQR funds a while back and some guy from AQR called m...
by Yesterdaysnews
Thu Jun 16, 2016 10:40 pm
Forum: Investing - Theory, News & General
Topic: Bogle says "You don't need bonds ?"
Replies: 68
Views: 10014

Re: Bogle says "You don't need bonds ?"

I like Buffet's advice on this -- hold as much cash as you need to feel comfortable and put the rest in a US stock index fund. Odds pretty high you will do well over the long haul with even this amazingly simple strategy.
by Yesterdaysnews
Thu May 26, 2016 9:19 pm
Forum: Investing - Theory, News & General
Topic: This Bull Seems to be Getting Pretty Long In the Tooth
Replies: 76
Views: 8906

Re: This Bull Seems to be Getting Pretty Long In the Tooth

I'm not sure I understand the logic that because this bull market is fairly long, it is time to bail out. What if this is destined to be the longest bull market in history? It is impossible to predict, but I think just because it has been long really mean nothing at all. Better to just pick an AA th...
by Yesterdaysnews
Sat May 14, 2016 12:50 pm
Forum: Investing - Theory, News & General
Topic: "Can Anything Stop Vanguard?"
Replies: 50
Views: 8720

Re: "CAN ANYTHING STOP VANGUARD?"

I agree about IT and customer service.

I love indexing and Vanguard products, but one can easily use index philosophy at other places like Fido and Schwab that have better websites and service.
by Yesterdaysnews
Fri May 06, 2016 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Should I completely fill the tax deferred space with taxable bonds before buying Munis in taxable account?
Replies: 24
Views: 2819

Re: Should I completely fill the tax deferred space with taxable bonds before buying Munis in taxable account?

What is someone has a 60/40 or 50/50 portfolio and the market tanks ala 2008 and the investor wants to re-balance into a 80/20 portfolio? A bit of timing u can say, but when the market is that cheap it makes sense. If you have a lot of bonds in taxable, you will have to sell and pay taxes on the cap...
by Yesterdaysnews
Thu May 05, 2016 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity or Vanguard
Replies: 93
Views: 11250

Re: Fidelity or Vanguard

Fido has a nice new Visa card that puts 2% of all purchases back into your taxable account. Kinda a nice feature.

Fidelity also makes it easier to sell specific tax lots and other useful tax planning techniques.
by Yesterdaysnews
Thu Apr 28, 2016 3:55 pm
Forum: Investing - Theory, News & General
Topic: Almost bought an individual stock today...
Replies: 44
Views: 5196

Re: Almost bought an individual stock today...

I certainly wish I had bought AMZN but at the same time I look at a Gilead and think I could have easily bought some of that company too if I were into individual stock picking.

Index investing I find much less stressful
by Yesterdaysnews
Wed Apr 27, 2016 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Total Bond fund
Replies: 7
Views: 1459

Fidelity Total Bond fund

FTBFX

Opinions on this fund for a core bond holding in a Fido IRA?? A bit more expensive than index offerings at Fido but seems like a solid intermediate duration fund. Appreciate any thoughts or opinions.
by Yesterdaysnews
Fri Apr 22, 2016 5:29 pm
Forum: Investing - Theory, News & General
Topic: Do you think this is a bad time to enter the market? With the dow at 18,000
Replies: 89
Views: 10145

Re: Do you think this is a bad time to enter the market? With the dow at 18,000

For me personally, I would not break up a lump sum - I would just go all in at once. The market could go up significantly in between investing such "chunks" - I would prefer to just dump it all in and let it be.
by Yesterdaysnews
Fri Apr 22, 2016 5:21 pm
Forum: Investing - Theory, News & General
Topic: VBIAX or VSMGX: Is international still mandatory?
Replies: 7
Views: 1827

Re: VBIAX or VSMGX: Is international still mandatory?

Too much simplicity is not necessarily good either. I think a 20 or 25% allocation to international is reasonable and doesn't really complicate things that much. Valuations for international are more reasonable and dollar is strong right now, so while international hasn't done well over the last 10 ...
by Yesterdaysnews
Thu Apr 21, 2016 10:04 pm
Forum: Personal Consumer Issues
Topic: Any bogleheads use a "smart" sprinkler system?
Replies: 15
Views: 1717

Re: Any bogleheads use a "smart" sprinkler system?

So it is easy to replace an existing systems control box with this new one? Sounds really interesting to me.
by Yesterdaysnews
Tue Apr 19, 2016 10:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4148
Views: 1102581

Re: U.S. stocks in freefall

By almost every metric stocks are looking a bit pricey right now. I think most expect subdued returns going forward for the next 10-12 years in equities. Just means one need to save more money during this upcoming decade rather than rely solely on portfolio growth.
by Yesterdaysnews
Mon Apr 18, 2016 9:18 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4148
Views: 1102581

Re: U.S. stocks in freefall

I think we (meaning the US) got away with one in 2007-08 with massive money printing and exporting the inflation. Was bad for many developing nations but good for us.
by Yesterdaysnews
Mon Apr 18, 2016 5:36 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4148
Views: 1102581

Re: U.S. stocks in freefall

I am thinking there are still a lot of people nervous about investing cause of 2007-2008. There is still substantial money on the sidelines imo which eventually will filter into the market slowly as the memories of those days slowly pass.
by Yesterdaysnews
Sun Apr 17, 2016 1:55 pm
Forum: Investing - Theory, News & General
Topic: dividends: what am I missing?
Replies: 16
Views: 2160

Re: dividends: what am I missing?

Mostly people see consistently increasing dividends by a company as a sign of a well run, healthy and mature company. I think you are correct that it is probably better to view things from a "total return" point of view rather than obsess over dividends. I personally am not a huge fan of d...
by Yesterdaysnews
Fri Apr 15, 2016 1:56 pm
Forum: Investing - Theory, News & General
Topic: How strong is your belief in AQR?
Replies: 47
Views: 7551

Re: How strong is your belief in AQR?

FWIW I think the weightings you talked about elsewhere were pretty extreme and wouldn't go that heavily no matter what kind of performance we've seen. Agreed -- my allocations to ALTs have been too high although have paid off extremely well, and I believe it is time to look at getting out while I a...
by Yesterdaysnews
Fri Apr 15, 2016 1:08 pm
Forum: Investing - Theory, News & General
Topic: How strong is your belief in AQR?
Replies: 47
Views: 7551

Re: How strong is your belief in AQR?

That's an interesting point and I agree that it is possible AQR has found a formula that will produce spectacular returns going forward. However, there is decent chance they won't. I am conflicted as whether I should ditch their funds for something less expensive, as that is guaranteed return in the...
by Yesterdaysnews
Fri Apr 15, 2016 12:50 pm
Forum: Investing - Theory, News & General
Topic: How strong is your belief in AQR?
Replies: 47
Views: 7551

Re: How strong is your belief in AQR?

Last few years I have held several AQR funds in my Fido IRA. They have done really, really well. To be truthful, however, that makes me nervous as I believe in mean reversion. They are also expensive. Overall, I am thinking to get out while I am way ahead and put that money in a decent intermediate ...
by Yesterdaysnews
Thu Apr 14, 2016 5:25 pm
Forum: Investing - Theory, News & General
Topic: Investing legends change their bond portfolio
Replies: 29
Views: 5153

Re: Investing legends change their bond portfolio

During large stock downturns there is usually a flight to quality, which means US treasuries. For this reason, I like FIBAX as a bond holding.
by Yesterdaysnews
Tue Apr 05, 2016 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: is foreign investing really worth it
Replies: 90
Views: 7740

Re: is foreign investing really worth it

What is the correlation of total US stock to total international?? Around .7 or .8 if I remember correctly? Do these correlations become closer to 1 during big downturns?? These are the important questions imo. I am guessing there is probably some minimal diversification benefit to holding total int...
by Yesterdaysnews
Sat Apr 02, 2016 6:01 pm
Forum: Investing - Theory, News & General
Topic: Review of AQR Equity Market Neutral & Long-Short Equity
Replies: 44
Views: 5796

Re: Review of AQR Equity Market Neutral & Long-Short Equity

AQR Long-short equity fund may be one of the rare examples of an expensive fund that is worth what they charge. It performed admirably in the recent stock market correction. Keep this fund in tax-deferred space and couple it with index funds in taxable and you have a reasonable average portfolio cos...