Search found 1171 matches

by asset_chaos
Fri Jul 21, 2017 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Debt: pay down student loan or car loan
Replies: 11
Views: 642

Re: Debt: pay down student loan or car loan

I think the general reasoning is to pay off the highest cost loan first. 3% of 7000 is 210; 1% of 11000 is 110. You'd have to be around a 50% tax bracket to make the after tax cost of the student loan less than that of the car loan. Since the highest federal tax bracket is less than that, if it were...
by asset_chaos
Mon Jul 17, 2017 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Accumulating Bonds During Record Stocks
Replies: 5
Views: 834

Re: Accumulating Bonds During Record Stocks

I don't know about the waiting to pounce in a bear market part of it, but for the past few years all of my new investment, all stock dividends, and almost all stock rebalancing sales have gone to bonds. This is because stock markets have been going well, much higher returns than bonds, and it's all ...
by asset_chaos
Sat Jul 15, 2017 8:16 pm
Forum: Investing - Theory, News & General
Topic: Is now time to move into international stocks?
Replies: 47
Views: 4600

Re: Is now time to move into international stocks?

I think the "is now time to move" question should be answered by the rebalancing policy that hopefully you've written down prior to this time. I understand domestic stocks have done really well versus foreign for 5 years or so. That's what accounts for the difference in valuation metrics y...
by asset_chaos
Fri Jul 14, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: 20 Year old Australian Needing help with Investments
Replies: 3
Views: 248

Re: 20 Year old Australian Needing help with Investments

Congratulations. It sounds like you've made a really good financial start in life. After investing will you still have some cash for emergencies? If not, I suggest keeping several of those thousands in the bank as a buffer against unforeseen circumstances. Have you investigated if you're eligible fo...
by asset_chaos
Sat Jul 08, 2017 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Physically present in the US for VG advice
Replies: 4
Views: 466

Re: Physically present in the US for VG advice

I wonder what they do for someone who's already a client and who calls during their overseas business trip with a question? More seriously, is this a new requirement? In the mid-2000s I spoke with a Vanguard financial planner on the phone from my overseas residence without any issue raised. Vanguard...
by asset_chaos
Fri Jul 07, 2017 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Choice for Taxable Trust
Replies: 2
Views: 256

Re: Bond Choice for Taxable Trust

Yes, municipals are an option. They are possibly the only option if you want to accumulate income inside the trust without tax. You can also distribute taxable income to the beneficiaries, who, if children, can receive around $2000 in unearned income without owing tax, if such a distribution is an a...
by asset_chaos
Tue Jul 04, 2017 3:10 am
Forum: Investing - Help with Personal Investments
Topic: Easy world portfolio for long term investment
Replies: 9
Views: 762

Re: Easy world portfolio for long term investment

- I believe in GDP allocation, not market size allocation If really true, where is your 15% or so allocation to a China etf? The China etf that you're willing to invest more and more in to bring it up to the same size as your US investment over the next decade? According to the IMF ( https://www.we...
by asset_chaos
Sun Jul 02, 2017 8:14 pm
Forum: Investing - Theory, News & General
Topic: World AAA/AA Short+Intermediate Bond Index: Is There?
Replies: 1
Views: 309

Re: World AAA/AA Short+Intermediate Bond Index: Is There?

Citibank has global bond indices. See https://www.yieldbook.com/m/indices/browse.shtml , in particular their World Broad Investment-Grade Bond Index (WorldBIG) or one of its subsets ( https://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ve...
by asset_chaos
Sun Jul 02, 2017 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard recommended Retirement allocation too simple?
Replies: 70
Views: 6264

Re: Vanguard recommended Retirement allocation too simple?

I agree with everyone else that the simplicity is a good thing. The allocation is probably slightly atypical in that there's more foreign than a typical retiree has. On the other hand, maybe retirees should have a portfolio more like the suggested one. What that portfolio is is very close to matchin...
by asset_chaos
Sat Jul 01, 2017 6:16 am
Forum: Investing - Theory, News & General
Topic: International allocation. (Total World)
Replies: 23
Views: 2562

Re: International allocation. (Total World)

What's the capitalization weighted share of bonds and stocks ? Also TIPS are as risky as all the other bonds, ceteris paribus, minus the inflation risk. They are not riskless by any extent. If you follow Sharpe ( https://web.stanford.edu/~wfsharpe/RISMAT/RISMAT-7.pdf ) and look up the capitalizatio...
by asset_chaos
Wed Jun 28, 2017 9:52 pm
Forum: Investing - Theory, News & General
Topic: International allocation. (Total World)
Replies: 23
Views: 2562

Re: International allocation. (Total World)

1. If you are using Total World, does anyone add a small amount of emerging markets to get the China A shares. 2. The other question I had is about bonds. Right now I have stuck to Total Bond Market (BND). ... There are not many threads though showing a way to implement (or even slightly mimic) a g...
by asset_chaos
Tue Jun 27, 2017 6:13 am
Forum: Investing - Theory, News & General
Topic: International allocation. (Total World)
Replies: 23
Views: 2562

Re: International allocation. (Total World)

I'm struggling with finding an international allocation I am comfortable with. ... I enjoy reading different theoretical ideas but I'm realizing my problem is more basic than that, just trying to find something I can stick with. I believe your struggle is because there is no obvious optimal allocat...
by asset_chaos
Sun Jun 11, 2017 6:52 pm
Forum: Investing - Theory, News & General
Topic: Bogle Doubles Down on US Index Funds
Replies: 118
Views: 12505

Re: Bogle Doubles Down on US Index Funds

This comes up now and again and has been rehashed several times on this board. Mr Bogle only occasionally qualifies this advice as being directed to a US investor, but he has done so in the past. I think that Bogle's dictum of domestic only is just within the bounds of reason for a US investor becau...
by asset_chaos
Wed May 31, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for foreigner visiting the US
Replies: 2
Views: 314

Re: Health insurance for foreigner visiting the US

Yes, for a month long visit she needs travel insurance. Whether it's cheaper to buy in her home country or from a US insurer, you'll have to check to find out. Her age and the prior condition may affect whether she can get the insurance and the cost of it. If I google the words "travel insuranc...
by asset_chaos
Wed May 24, 2017 11:37 am
Forum: Investing - Theory, News & General
Topic: Are all markets efficient?
Replies: 28
Views: 1701

Re: Are all markets efficient?

Are there markets today where alpha is still a realistic possibility? The US stock market. As Larry Swedroe used to frequently point out whenever active managers banged on about it being or not being a "stock pickers market", the dispersion of returns even in the S&P500 is huge every ...
by asset_chaos
Wed May 24, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: Are risk factors just ways to take on additional risk?
Replies: 36
Views: 2207

Re: Are risk factors just ways to take on additional risk?

Risk factors are things we generally want to avoid in life. But in the stock market we seek out risk, because risk is rewarded with higher returns. Is it fair to say that (risk) factor investing is just a way to take on more risk than market beta? I'd have said intelligent, thoughtful risk taking i...
by asset_chaos
Wed May 24, 2017 9:28 am
Forum: Investing - Theory, News & General
Topic: "The Problem With Factor Investing Research"
Replies: 58
Views: 3001

Re: "The Problem With Factor Investing Research"

duplin county wrote:Thanks for the article link. The article makes me think of the book - How to Lie with Statistics. Makes one reflect on behavioral economics.

It also makes one reflect on confirmation bias.
by asset_chaos
Wed May 24, 2017 9:26 am
Forum: Investing - Theory, News & General
Topic: Are all markets efficient?
Replies: 28
Views: 1701

Re: Are all markets efficient?

Would you want to invest in a truly inefficient market? It's one in which insiders have preferential information, preferential access. You're unlikely to be an insider, I know I am not.
by asset_chaos
Sat May 13, 2017 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: 100% Total International (0% US equity) for new investor?
Replies: 36
Views: 2727

Re: 100% Total International (0% US equity) for new investor?

I'm considering redeeming all TSM shares and exchanging them for Total International Index. Given that I've entered equity investing for the first time during all-time highs for the US Stock Market, should most if not all of my allocation be concentrated in Total International Index instead? You'll...
by asset_chaos
Fri May 12, 2017 12:01 am
Forum: Investing - Theory, News & General
Topic: What are the benefits of turning-off dividend reinvestment (and capital gains too)?
Replies: 15
Views: 2015

Re: What are the benefits of turning-off dividend reinvestment (and capital gains too)?

What are the benefits of shutting-off dividend/capital gains reinvestment to [old unwanted fund]? Seems like it limits the number of shares in the undesired mutual fund ... from increasing, which would potentially pull Asset Allocation off balance ... Have you heard the old saying, "If you're ...
by asset_chaos
Sat May 06, 2017 11:07 pm
Forum: Investing - Theory, News & General
Topic: DGSIX: Any other small-cap & value tilted 60/40 funds?
Replies: 10
Views: 942

Re: DGSIX: Any other small-cap & value tilted 60/40 funds?

I'm unaware of any other small-value tilted, real life balanced fund. On the board there was at least one previous discussion on DGSIX/VSMGX, https://www.bogleheads.org/forum/viewtopic.php?f=10&t=144217&hilit=dgsix, in the context of market versus tilted balanced funds.
by asset_chaos
Sat May 06, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: trying to transfer assets from a bank to Vanguard
Replies: 5
Views: 751

Re: trying to transfer assets from a bank to Vanguard

Number of years ago I had same situation. After the split of the assets into separate trust accounts, titled in our individual names, I gave Vanguard the name and phone number of the bank trust officer, and spoke with and wrote a letter confirming with the bank trust officer what I wanted to happen,...
by asset_chaos
Mon May 01, 2017 12:18 am
Forum: Investing - Theory, News & General
Topic: Arnott tells investors: You're doing it wrong
Replies: 8
Views: 2368

Re: Arnott tells investors: You're doing it wrong

Rob Arnott, ‘Godfather of Smart Beta,’ Tells Investors: You’re Doing It Wrong In a paper published earlier this month by Research Affiliates LLC, the investing firm he founded, Mr. Arnott questioned approaches including so-called momentum strategies, which buy stocks experiencing rapid price gains....
by asset_chaos
Fri Apr 21, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Norway, Denmark and Sweden
Replies: 9
Views: 817

Re: Investing in Norway, Denmark and Sweden

What do you mean by wanting to "diversify a bit"? How are you invested now that additional investment in stock markets that are less than 2% of global market cap will bring meaningful diversification? Is it diversification you're interested in, or is a a speculative bet on markets you thin...
by asset_chaos
Fri Apr 21, 2017 12:14 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 39391

Re: Larry Swedroe says "Goodby."

I'll add my voice to those sorry to see Larry go. I almost always got something new and interesting from his posts. Thank you, good luck and God speed in future endeavors, Larry Swedroe.
by asset_chaos
Thu Apr 20, 2017 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Should I tilt to Country of Birth in asset allocation?
Replies: 11
Views: 1197

Re: Should I tilt to Country of Birth in asset allocation?

Would it make much difference to modestly overweight one's birth country stock market---or for that matter to modestly underweight it, as it appears you're doing now? The stock markets of all countries outside the US range from small (Japan, UK, circa 8% of global total) to tiny to infintesimal. So ...
by asset_chaos
Mon Apr 17, 2017 4:43 pm
Forum: Investing - Theory, News & General
Topic: Those that hold international equities at market-cap weight: what is your method?
Replies: 24
Views: 2679

Re: Those that hold international equities at market-cap weight: what is your method?

- Do you use a single index such as Vanguard Total World Stock Index (VTWSX)? - Do you hold U.S./International in separate indexes (such as VTSAX/VTIAX)? - If there is a need to rebalance, how often do you do this? What source do you use for the latest market weights? I use total world. As noted el...
by asset_chaos
Sat Apr 15, 2017 6:40 pm
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 7518

Re: Is it necessary to diversify across Factors?

If you're investing, you're investing in factors, whether you know it or not, because factors are just a decomposition of the markets into sources of return and risk. If you invest in the stock market at all, you're invested in the market factor. A boglehead 3 fund portfolio diversifies factors by g...
by asset_chaos
Tue Mar 21, 2017 5:32 am
Forum: Personal Consumer Issues
Topic: Short visit to Hong Kong - "must do/see"?
Replies: 16
Views: 1409

Re: Short visit to Hong Kong - "must do/see"?

Some years back I was in HK for just one night (fly in after dinner, leave early next morning). I asked a long time HK ex-pat resident, given my time constraints, what was the one thing he recommend I do. His recommendation was to have a drink at the rooftop bar of the Peninsula Hotel. I did. It's e...
by asset_chaos
Tue Mar 07, 2017 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Is the Vanguard Balanced Index Fund all you need?
Replies: 58
Views: 9538

Re: Is the Vangaurd Balanced Index Fund all you need?

If 60/40 is already determined as the right split for you, then the number of ways to invest that are almost certainly worse than balanced index are essentially limitless, while the number of ways to invest that have a modest expectation of doing a little better on risk or return are limited. I'd pr...
by asset_chaos
Sat Mar 04, 2017 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Should the money earmarked for certain expenses be part of net worth?
Replies: 52
Views: 3609

Re: Should the money earmarked for certain expenses be part of net worth?

What's the problem with networth decreasing? You accumulate assets, they're part of your networth. You spend some of those assets, your networth decreases.
by asset_chaos
Thu Mar 02, 2017 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: US expats abroad: should I buy health insurance even though I'm covered by employer?
Replies: 24
Views: 1489

Re: US expats abroad: should I buy health insurance even though I'm covered by employer?

Also, he said that if you buy into a plan when you are young the premiums will go up over time but not by as much as if you had bought into the plan at an older age. Is your friend by any chance Australian? That sounds somewhat like the stick the Australian government uses to encourage taking out p...
by asset_chaos
Thu Mar 02, 2017 3:38 am
Forum: Investing - Theory, News & General
Topic: Vanguard Group to Reimburse Clients After Website Outage
Replies: 6
Views: 2057

Re: Vanguard Group to Reimburse Clients After Website Outage

Don't trade, didn't notice. But good to see that when they mess up, they try to make amends some way.
by asset_chaos
Sat Feb 25, 2017 6:43 pm
Forum: Investing - Theory, News & General
Topic: Total World expense ratio lowered
Replies: 29
Views: 4385

Re: Total World expense ratio lowered

Pranav wrote:Is it tax-efficient to use Vanguard Total World ETF (VT) in a taxable account?

Total World has been as tax-efficient as any of Vanguard's total market type stock index funds.
by asset_chaos
Sat Feb 25, 2017 6:39 pm
Forum: Investing - Theory, News & General
Topic: Total World expense ratio lowered
Replies: 29
Views: 4385

Re: Total World expense ratio lowered

Why isn't it offered with Admiral Shares? Not enough investors? Vanguard data says as of end of January, total world investor shares have $1.2 billion, institutional $1.8 billion and total assets of $9.6 b. Only speculation, but with investor shares now over a billion in assets, perhaps that's a br...
by asset_chaos
Fri Feb 24, 2017 11:46 pm
Forum: Investing - Theory, News & General
Topic: Total World expense ratio lowered
Replies: 29
Views: 4385

Re: Total World expense ratio lowered

Total World also appears to be up to full replication of its benchmark:

Code: Select all

                    VTWSX    Benchmark    +/- Weight
Number of stocks    7,697    7,695               2
by asset_chaos
Thu Feb 23, 2017 6:44 pm
Forum: Investing - Theory, News & General
Topic: Credit Suisse Yearbook 2017
Replies: 27
Views: 2621

Re: Credit Suisse Yearbook 2017

Unlike past years, the 2017 yearbook available online is just a summary. At the back of the summary under "Imprint" there is To receive a copy of the Yearbook: The Credit Suisse Global Investment Returns Yearbook 2017 is distributed to Credit Suisse clients by the publisher, and to non-cl...
by asset_chaos
Sun Feb 19, 2017 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: 100% Stock Portfolio? - 20s Military Investor
Replies: 13
Views: 1589

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: 12
Views: 1131

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: 1000

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: 1000

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: 16
Views: 2193

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: 16
Views: 2193

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: 3295

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: 453

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: 1634

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: 2899

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: 2328

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: 4722

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: 1469

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...

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