Search found 1134 matches

by asset_chaos
Sun Feb 19, 2017 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: 100% Stock Portfolio? - 20s Military Investor
Replies: 12
Views: 930

Re: 100% Stock Portfolio? - 20s Military Investor

While all stock for someone in their 20s is not entirely unreasonable, I suggest taking the opportunity to acquire experience may be advisable. One day, probably sooner than you expect, you'll want or need a significant amount of bonds. It is, I believe, worth while to experience firsthand---viscera...
by asset_chaos
Sun Feb 19, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Australia - Please help me with my first portfolio
Replies: 10
Views: 491

Re: Australia - Please help me with my first portfolio

What would be a good ETF portfolio to setup from Australia? I am mindful that our market is quite small and it is also dominated by the financial sector, so what would be a smart way of doing a 3 to 4 eft portfolio to be well diversify, have stable growth and be tax efficient? Note that it could be...
by asset_chaos
Fri Feb 10, 2017 4:06 pm
Forum: Investing - Theory, News & General
Topic: Diversification Benefit of a specific asset class
Replies: 10
Views: 799

Re: Diversification Benefit of a specific asset class

I think looking at correlations to other individual funds isn't the right approach. What you want is to calculate a Sharpe ratio for your entire portfolio with and without the asset class in question and see if it's improving the portfolio level risk-return characteristics. Sharpe ratio over what h...
by asset_chaos
Mon Feb 06, 2017 3:28 pm
Forum: Investing - Theory, News & General
Topic: Diversification Benefit of a specific asset class
Replies: 10
Views: 799

Re: Diversification Benefit of a specific asset class

I think looking at correlations to other individual funds isn't the right approach. What you want is to calculate a Sharpe ratio for your entire portfolio with and without the asset class in question and see if it's improving the portfolio level risk-return characteristics. I don't know if portfolio...
by asset_chaos
Sat Jan 21, 2017 4:29 pm
Forum: Investing - Theory, News & General
Topic: What are the global market cap weights today?
Replies: 10
Views: 722

Re: What are the global market cap weights today?

Does the argument that "Emerging Markets are underweight" hold any merit? Something about floated shares and government controlled shares. Burton Malkiel says EM ought to be closer to 10-15% of a portfolio. The way Vanguard (or FTSE) defines emerging market puts its global weight at 8-9 p...
by asset_chaos
Sat Jan 21, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: What are the global market cap weights today?
Replies: 10
Views: 722

Re: What are the global market cap weights today?

I would like to follow the market weightings so I don't make any biases or bets. However, I know Bogle and others say to overweight the US if you live here. Does that hold merits? My stock investments are close to global market weight, but my total portfolio is still tilted to the US because all my...
by asset_chaos
Wed Jan 18, 2017 4:19 pm
Forum: Personal Consumer Issues
Topic: Anyone rent toys?
Replies: 27
Views: 2808

Re: Anyone rent toys?

I've never tried toy rental, but for many years we used a toy library cooperative in our area. Pay an annual fee, work a Saturday morning shift now and again in exchange for borrowing plenty of toys. (And yes, a lot of the work was cleaning and sanitizing returns.) It worked well for us. Does a toy ...
by asset_chaos
Fri Jan 13, 2017 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Quandry: Rebalance or Avoid Taxes
Replies: 4
Views: 379

Re: Quandry: Rebalance or Avoid Taxes

Yes, it is a quandary: incur certain cost today in order to save an unknown amount of investment loss at an uncertain time in the future. But how much difference can it make? Sell $1000 worth of stocks today with 100% gain implies $500 long cap gain, taxed at say 15% (or put in your own tax info) eq...
by asset_chaos
Sat Jan 07, 2017 9:53 pm
Forum: Investing - Theory, News & General
Topic: Discussion about securities lending and how it affects performance
Replies: 21
Views: 1430

Re: Discussion about securities lending and how it affects performance

I've seen securities lending discussed on here a few threads but I don't see a topic that has discussed it in detail. I want to take a closer look on how it affects performance and reduces the actual fees of the fund. As I'm guilty of starting one of those threads https://www.bogleheads.org/forum/v...
by asset_chaos
Sat Jan 07, 2017 9:03 pm
Forum: Investing - Theory, News & General
Topic: Emergency fund of a different kind [funds held outside of US]
Replies: 53
Views: 2298

Re: Emergency fund of a different kind [funds held outside of US]

I want the freedom to get on a plane, leave the country, and have access to this money and start over. How would you do this? Forget access to the bolt-hole money, how will you ensure visa/citizenship entry to these other countries during the time of hypothetical social collapse of such magnitude t...
by asset_chaos
Sat Jan 07, 2017 1:11 am
Forum: Investing - Theory, News & General
Topic: Can someone explain Vanguard's higher turnover rates vs Index Funds?
Replies: 22
Views: 2002

Re: Can someone explain Vanguard's higher turnover rates vs Index Funds?

I don't know how to run a bond index fund and personally wouldn't be inclined to second guess the professionals that do. But if I wanted to check on the results, the ultimate test is, how well is the fund tracking the index it's supposed to? If a fund has high turnover that costs the fund a lot, tha...
by asset_chaos
Thu Jan 05, 2017 11:36 pm
Forum: Personal Consumer Issues
Topic: Is Iphone/Ipad fingerprint signin reasonably secure?
Replies: 57
Views: 4131

Re: Is Iphone/Ipad fingerprint signin reasonably secure?

I'm not a fan of the fingerprint id for logins. I can change passwords, but, if for any reason now or in the future, my fingerprint is compromised, I can't change it ever.
by asset_chaos
Fri Dec 30, 2016 9:27 pm
Forum: Investing - Theory, News & General
Topic: "Stock Returns May Not Be What They Seem"
Replies: 5
Views: 1325

Re: "Stock Returns May Not Be What They Seem"

Yes, I noticed this fine article earlier today. I'll repeat the comment I left below the article because Rekenthaler makes an excellent and generally unobserved point, about which M* itself could show more leadership: "I agree about the oddity of using price only indices, but um, what do the ma...
by asset_chaos
Wed Dec 28, 2016 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Annual Shareholder Reports
Replies: 3
Views: 503

Re: Vanguard Annual Shareholder Reports

Most of the pages are a listing of the fund's individual security holdings. I download reports as pdfs; if I'm unusually curious about a particular holding, I search for the name. I read the CEO's commentary, but as it's nearly the same for all the reports, I only read it once. Other things I glance...
by asset_chaos
Wed Dec 28, 2016 5:03 pm
Forum: Investing - Theory, News & General
Topic: ETFs a double edged sword, a review of a new paper on them
Replies: 6
Views: 1132

Re: ETFs a double edged sword, a review of a new paper on them

But a fund can't do the impossible, regulations or no, so presumably for big liquidity problems the fund reaches a breaking point ... Isn't this when a fund could or would use redemption in kind provisions to transfer these liquidity problems to the fund holder(s) wanting to redeem? I suspect that ...
by asset_chaos
Tue Dec 27, 2016 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from VTI+VXUS to VT (super lazy portfolio)
Replies: 8
Views: 1167

Re: Moving from VTI+VXUS to VT (super lazy portfolio)

What's the best way to switch an entire portfolio? If I sell all of my VTI/VXUS now and buy VT, I get hit with capital gains tax now ... An option---no guarantee that it's best---is to not switch all right away. Leave the VTI/VSUS as is. Direct fresh savings and all stock dividends to VT. In other ...
by asset_chaos
Sun Dec 25, 2016 4:12 pm
Forum: Investing - Theory, News & General
Topic: Is Vanguard World Stock Fund the best representation?
Replies: 7
Views: 1103

Re: Is Vanguard World Stock Fund the best representation?

As far as weighting developed and emerging markets properly, VT does a good job? Some on the forum at EM should have a larger share in the world markets, but do not because of floated shares. I guess that would be my only question about underweighting. The governments of emerging markets countries ...
by asset_chaos
Thu Dec 22, 2016 4:36 pm
Forum: Investing - Theory, News & General
Topic: Is rebalacing only about risk?
Replies: 60
Views: 3141

Re: Is rebalacing only about risk?

While I think it is possible for rebalancing to result in higher personal returns (buy low, sell high), I also think the only thing one can definitely count on from rebalancing is the maintenance of a reasonably constant portfolio risk profile. If higher returns eventuate, great; if not, still a goo...
by asset_chaos
Tue Dec 13, 2016 11:15 pm
Forum: Investing - Theory, News & General
Topic: Why not own every stock sector & rebalance?
Replies: 26
Views: 1988

Re: Why not own every stock sector & rebalance?

asset_chaos wrote:In principle I suppose there could be, but several factors militate against this approach. First, ...

Clearly I really like this statement. Sorry for the many duplicate posts. I don't know what happened.
by asset_chaos
Mon Dec 12, 2016 3:44 pm
Forum: Investing - Theory, News & General
Topic: Why not own every stock sector & rebalance?
Replies: 26
Views: 1988

Re: Why not own every stock sector & rebalance?

Why not buy funds/etfs which cover all the sectors of the US stock market and rebalance as needed, as opposed to just buying the total market? Aren't there benefits of being able to rebalance sectors? In principle I suppose there could be, but several factors militate against this approach. First, ...
by asset_chaos
Mon Dec 12, 2016 3:43 pm
Forum: Investing - Theory, News & General
Topic: Why not own every stock sector & rebalance?
Replies: 26
Views: 1988

Re: Why not own every stock sector & rebalance?

I assume there are good reasons most everyone on this forum suggests the US total stock market over all the sectors, but I'd appreciate hearing those reasons if anyone would share. Why not buy funds/etfs which cover all the sectors of the US stock market and rebalance as needed, as opposed to just ...
by asset_chaos
Mon Dec 12, 2016 3:43 pm
Forum: Investing - Theory, News & General
Topic: Why not own every stock sector & rebalance?
Replies: 26
Views: 1988

Re: Why not own every stock sector & rebalance?

Why not buy funds/etfs which cover all the sectors of the US stock market and rebalance as needed, as opposed to just buying the total market? Aren't there benefits of being able to rebalance sectors? In principle I suppose there could be, but several factors militate against this approach. First, ...
by asset_chaos
Mon Dec 12, 2016 3:40 pm
Forum: Investing - Theory, News & General
Topic: Why not own every stock sector & rebalance?
Replies: 26
Views: 1988

Re: Why not own every stock sector & rebalance?

Why not buy funds/etfs which cover all the sectors of the US stock market and rebalance as needed, as opposed to just buying the total market? Aren't there benefits of being able to rebalance sectors? In principle I suppose there could be, but several factors militate against this approach. First, ...
by asset_chaos
Tue Dec 06, 2016 4:40 am
Forum: Investing - Theory, News & General
Topic: What does Dave Ramsey mean by "ride the wave"
Replies: 29
Views: 5389

Re: What does Dave Ramsey mean by "ride the wave"

There is a tide in the affairs of men. Which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life Is bound in shallows and in miseries. says Brutus in Julius Ceasar, urging bold action, when Cassius wants to be more cautious. However, if memory serves, Brutus and Cassius ...
by asset_chaos
Thu Nov 24, 2016 4:25 am
Forum: Investing - Theory, News & General
Topic: How often do you hit your rebalancing bands?
Replies: 31
Views: 2460

Re: How often do you hit your rebalancing bands?

Hard rebalances at 1999, 2003, 2009, 2016. I have two rebalancing points, a soft one and a hard one. At the soft point I turn on the auto dividend direction from what's high to what's low; the soft band is breached reasonably often, almost every year. At the hard point, it's gotten so far off that I...
by asset_chaos
Thu Nov 24, 2016 3:59 am
Forum: Personal Consumer Issues
Topic: Do you use quick wash when using your dishwasher?
Replies: 29
Views: 3328

Re: Do you use quick wash when using your dishwasher?

We typically use the energy/water saver setting that takes about 15 minutes longer than the standard cycle; it produces clean dishes to my eye. But, since our dishwasher is full every day after dinner, as long as the cycle finishes before breakfast the next morning, I don't care how long it takes. T...
by asset_chaos
Sun Nov 13, 2016 2:44 pm
Forum: Investing - Theory, News & General
Topic: Invesco Ad in This Weekend's WSJ
Replies: 10
Views: 1398

Re: Invesco Ad in This Weekend's WSJ

I think it's evidence that makes for "high conviction" investing. That's why my high conviction investing is done through low cost, highly diversified index funds.

PS---Did anyone else read "high conviction investing" and think of Bernie Madoff?
by asset_chaos
Sat Nov 12, 2016 3:16 am
Forum: Personal Finance (Not Investing)
Topic: Monthly grocery costs? How do you keep it low?
Replies: 155
Views: 15638

Re: Monthly grocery costs? How do you keep it low?

$650 divided by 30 days divided by 4 people is $5.42 per person per day. That doesn't sound like too much to me. For what it's worth our family is closer to $8 per person per day for everything, not just food, that comes from a grocery store. I'm not aware of data on the distribution of per person d...
by asset_chaos
Sun Nov 06, 2016 3:34 pm
Forum: Investing - Theory, News & General
Topic: VT (Total World Stock) vs VTI/VEA/VWO
Replies: 7
Views: 909

Re: VT (Total World Stock) vs VTI/VEA/VWO

Total world also benefits when emerging markets soar because it holds them at market weight. Likewise total world fully participates when emerging markets tank. That's just a feature of total market type simplicity: you don't see the waxing and waning of the individual market sectors (however you ca...
by asset_chaos
Thu Nov 03, 2016 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Simple Stock Allocation for European investor
Replies: 5
Views: 521

Re: Simple Stock Allocation for European investor

Perfectly reasonable for stocks. Emerging markets is only about 10% of global market cap if approximating global market is your aim. Any bonds?
by asset_chaos
Sun Oct 30, 2016 7:01 pm
Forum: Investing - Theory, News & General
Topic: How much international?
Replies: 80
Views: 7554

Re: How much international?

For a US investor it's not that hard. Any non-US stock investment weighting between greater than zero and less or equal to global market weight will be fine, provided you can stick to your plan. (Disclosure: I have global market weight.)
by asset_chaos
Sun Oct 30, 2016 6:44 pm
Forum: Investing - Theory, News & General
Topic: Are there any Australian based investors out there ?
Replies: 2
Views: 222

Re: Are there any Australian based investors out there ?

Welcome. Type Australia into the search box in the upper right of this page and the first result is the wiki page for Boglehead investing in Australia. It's a good start point, but the wiki is still a work in progress. Since they are unpredictable, try not to worry too much about market gyrations. M...
by asset_chaos
Fri Oct 28, 2016 7:23 pm
Forum: Investing - Theory, News & General
Topic: Part one of two parter on dividend strategies via active funds
Replies: 5
Views: 715

Re: Part one of two parter on dividend strategies via active funds

While not changing any conclusions, in the table I think average expense ratio should be closer to 0.75 than 0.65.
by asset_chaos
Thu Oct 27, 2016 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Holding Individual Corporate Bonds - What should I do with them?
Replies: 9
Views: 776

Re: Holding Individual Corporate Bonds - What should I do with them?

Can these bonds default? These are big companies that are not going to disappear, does that mean that their bonds can't default? No, it does not mean that. Any corporate bond can default. Remember, not too many years ago, Lehman Brothers bonds went from AA rated to default in days. Do you know what...
by asset_chaos
Sun Oct 23, 2016 8:37 pm
Forum: Investing - Theory, News & General
Topic: Who disagrees with Jack. . .
Replies: 73
Views: 5920

Re: Who disagrees with Jack. . .

Bogle has proven himself a great man and both deeply knowledgeable and wise in his field. I respect and am willing to consider everything he says about investing, but I don't have any qualms about rejecting any argument of his as unpersuasive if I don't find it so. His status as "Saint Jack&quo...
by asset_chaos
Sun Oct 16, 2016 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Best World Equity ETF ( Not RA Investment )
Replies: 7
Views: 558

Re: Best World Equity ETF ( Not RA Investment )

I wanted to focus solely on equities from all around the world but obviously with a split towards towards " stabler economies " I was thinking about just going all in on the first [Total World] but then I am heavy on US Stocks so a split between the 2 [Total World and World ex-US] might b...
by asset_chaos
Thu Oct 13, 2016 2:43 am
Forum: Investing - Theory, News & General
Topic: Cliff Asness - Turning Over Accepted Wisdom with Turnover
Replies: 29
Views: 2838

Re: Cliff Asness - Turning Over Accepted Wisdom with Turnover

If the insight is meaningful or in any way important, then it should already be observable in the mean of active managers' returns lagging the index fund's return by noticably less than their cost differences. AQR probably has access to data to estimate that. Does it? If not, then it's a minor theor...
by asset_chaos
Mon Oct 10, 2016 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total World Stock Index Fund Review
Replies: 49
Views: 8459

Re: Vanguard Total World Stock Index Fund Review

Any thoughts on using the Vanguard Total World Stock Index Fund (VTWSX) as your sole stock fund? Lets say you wanted to do simple two fund portfolio of 60% Vanguard Total World Stock Index Fund (VTWSX) 40% Vanguard Total Bond Market (VBMFX) Are there any concern one might have with having both U.S ...
by asset_chaos
Sat Oct 08, 2016 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Why is Vanguard Total World Stock More Expensive Than Total US and Total International?
Replies: 14
Views: 2458

Re: Why is Vanguard Total World Stock More Expensive Than Total US and Total International?

It's pretty simple. Because at Vanguard each individual fund is operated at cost, and because the dollar costs don't go up anywhere near proportionately to the assets in the funds, the more assets in a fund, the smaller its expense percentage needs to be to bring in the total dollars that it costs t...
by asset_chaos
Sun Oct 02, 2016 6:22 pm
Forum: Investing - Theory, News & General
Topic: Three Blind Mice and Passive/Active debate
Replies: 10
Views: 1797

Re: Three Blind Mice and Passive/Active debate

Stepping back to the biggest picture, since 2008, over $1 trillion has flooded into index funds in some form, helping passively managed stock funds and ETFs swell to comprise over 40 percent of the $8-plus trillion pie, double their share from a decade ago... ...The problem is these feeding frenzie...
by asset_chaos
Sun Oct 02, 2016 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Switching from slice/dice to 2/3 fund portfolio
Replies: 3
Views: 559

Re: Switching from slice/dice to 2/3 fund portfolio

Institutional Index is the same as Total International Stock Index Fund but the other 2 we’re using don’t equate. Other options with Suggestions on what a new setup using these four accounts and a 2 fund portfolio, split 50/50 would look like would be greatly appreciated. Also, does it make sense t...
by asset_chaos
Sat Sep 24, 2016 7:08 pm
Forum: Investing - Theory, News & General
Topic: Interesting Article about Factor Premiums and Implementation Costs
Replies: 4
Views: 671

Re: Interesting Article about Factor Premiums and Implementation Costs

VBR has underperformed its index by 1 basis point, so whatever it is doing with turnover, it is actually making a net gain, either from managing turnover or from other factors such as securities lending. As I own some of the small-value fund, I read the reports. Securities lending income covers a s...
by asset_chaos
Sun Sep 18, 2016 8:11 pm
Forum: Investing - Theory, News & General
Topic: Bogle, ghost in the machine: sophisticated analysis concludes for retirement security save more, invest simply
Replies: 1
Views: 700

Bogle, ghost in the machine: sophisticated analysis concludes for retirement security save more, invest simply

Vanguard has published a highly sophisticated analysis on constructing target date fund glide paths, which are how target date funds de-risk by changing the stock:bond ratio with time ( https://institutional.vanguard.com/VGApp/iip/site/institutional/researchcommentary/article/InvResLifeCycleInvestMo...
by asset_chaos
Wed Sep 14, 2016 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Is A Two-Fund Portfolio All You Really Need?
Replies: 44
Views: 6104

Re: Is A Two-Fund Portfolio All You Really Need?

minimalistmarc wrote:I'm a one fund portfolio with Vanguard all world.

Unless you mean total world stock index fund, I'm not familiar with the all world fund. What is it?
by asset_chaos
Mon Sep 12, 2016 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Investments while living overseas
Replies: 10
Views: 996

Re: Vanguard Investments while living overseas

There seems to be contradictory stories about this, and I don't know what Vanguard's official policy is. But, I've lived abroad for 20 years and had opened my Vanguard account 10 years before that. I've never had my account frozen or restricted, I've opened new accounts for children and a trust, I;v...
by asset_chaos
Tue Aug 30, 2016 8:44 pm
Forum: Investing - Theory, News & General
Topic: Who owns the stock market & why it may matter
Replies: 10
Views: 1837

Re: Who owns the stock market & why it may matter

Who owns the missing quarter of the stock market?
by asset_chaos
Tue Aug 30, 2016 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on what to do with an inherited condo
Replies: 10
Views: 546

Re: Advice on what to do with an inherited condo

If the only issues are (1) MIL doesn't like paying the ~$3.5k per year but (2) others in the family like having a vacation house on tap, why doesn't the part of the family that uses the house just pay the $3.5k per year. Consider it rent or a usage fee. On the other hand, if MIL is uncomfortable hav...
by asset_chaos
Sat Aug 20, 2016 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Reconsidering glide path
Replies: 11
Views: 1392

Re: Reconsidering glide path

You don't just have a risk tolerance. As Larry Swedroe says, you have have need, ability and willingness to bear risk; all three are important and different. Five years ago you felt behind, a late starter with a need to catch up. You felt the need to take more risk, and your ability, being young, an...
by asset_chaos
Thu Aug 11, 2016 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Are total world funds really balanced effectively?
Replies: 2
Views: 342

Re: Are total world funds really balanced effectively?

The total world stock market is special in the usual sense that it is by definition the portfolio that all investors in aggregate hold, where all means all investors in the world. If a Turkish investor is light on the US, she must be overweight elsewhere; probably overweight in Turkish stocks becaus...
by asset_chaos
Tue Aug 09, 2016 4:38 pm
Forum: Investing - Theory, News & General
Topic: Global value funds?
Replies: 21
Views: 2388

Re: Global value funds?

Total world is my core equity investment, but I want some small-value tilt. I would prefer a global small-value fund, but clearly that's an unpopular investment: of the thousands of wacky etfs launched not one has been a global small-value factor fund. To roughly approximate global small-value, I u...

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