Search found 5232 matches

by bertilak
Tue May 23, 2017 12:09 pm
Forum: Investing - Theory, News & General
Topic: "The Problem With Factor Investing Research"
Replies: 29
Views: 935

Re: "The Problem With Factor Investing Research"

I will indulge my weakness for confirmation bias and take this as confirmation that I'm doing the right thing with a 60/40 portfolio of index funds.

Actually, I think it confirms that even if I am wrong, I am not far enough wrong to worry about it.
by bertilak
Mon May 22, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Hmm. DCA or Lump sum or hold RE investment
Replies: 2
Views: 176

Re: Hmm. DCA or Lump sum or hold RE investment

A long time tenant has asked to purchase the home they are in. I'll walk away with about $300k net if I sell. While I like the investment return and risk profile of actual real estate (and I have zero interest in Reits - expenses are *way* too high vs owning it myself since there is an extra layer ...
by bertilak
Sun May 21, 2017 10:41 am
Forum: Personal Consumer Issues
Topic: Where do you get your tea ?
Replies: 23
Views: 1962

Re: Where do you get your tea ?

I think you should ad Upton Tea to your list of places to check out. They have a LOT of tea choices. Here is a PDF of their latest catalog . It is quite comprehensive. Here is a 40 page list of teas from the table of contents: Current Tea Offerings Teas of India . . . . . . . . . . . . . . . . . . ....
by bertilak
Sun May 21, 2017 9:42 am
Forum: Investing - Theory, News & General
Topic: This is how many fund managers actually beat index funds
Replies: 9
Views: 2983

Re: This is how many fund managers actually beat index funds

What a fascinating example of ambiguous English. (I'm not being snarky, I don't think whoever wrote the headline was trying to spin anything). "This is how many fund managers actually beat index funds" can, and in this case does, mean the same thing as "This is how few fund managers ...
by bertilak
Sun May 21, 2017 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Where to open taxable account?
Replies: 9
Views: 1017

Re: Where to open taxable account?

I've been pondering the best place to open a taxable either with Vanguard or with my bank (Bank of America), Merrill Edge. Here are a couple of points that I have been considering in favor for one or the other. I usually perfer not purchasing ETFs due to needing to purchase whole shares. Hopefully ...
by bertilak
Sat May 20, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: One time chance to reselect Defined Benefits or Defined Contribution
Replies: 27
Views: 1922

Re: One time chance to reselect Defined Benefits or Defined Contribution

Does the company provide a counselor/advisor to help make this decision?
by bertilak
Thu May 18, 2017 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Convince me to get back into stocks!
Replies: 83
Views: 5477

Re: Convince me to get back into stocks!

Stay OUT of the market - read - build a plan - invest as per that plan - go on with something interesting. +1 I was just about to post that the question isn't "should one get back into the stock market ," but "should one follow one's investment plan ," specifically one's target ...
by bertilak
Wed May 17, 2017 10:43 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2675
Views: 730862

Re: What Movie Have You Recently Watched?

Just finished Season 1 of The Brokenwood Mysteries . This is a TV series filmed in New Zealand. There are currently two more seasons available. Each episode is 80 to 90 minutes which is, I think, a good length for a mystery story: time for interesting plots and character development. Brokenwood is a...
by bertilak
Tue May 16, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Funny Letter [Canceling Escrow Account]
Replies: 34
Views: 3935

Re: Funny Letter [Canceling Escrow Account]

Why can't you know the exact dollar/penny amount? I believe our monthly mortgage statement would always have the exact outstanding balance of the loan on it. The "exact outstanding balance" changes every day as interest is accumulated. If you pay whatever was the balance shown on your las...
by bertilak
Tue May 16, 2017 5:00 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on the price paid for Socially Responsible Investing
Replies: 10
Views: 1140

Re: Larry Swedroe on the price paid for Socially Responsible Investing

Socially Responsible Investing always seemed like shallow virtue-signalling to me. ... 4. My ideas of sin and virtue do not necessarily align with that of others. See my sig below: "I have a strong moral sense - by my standards" (as of this posting). The trouble is, only I know what those...
by bertilak
Tue May 16, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Funny Letter [Canceling Escrow Account]
Replies: 34
Views: 3935

Re: Funny Letter [Canceling Escrow Account]

Why can't you know the exact dollar/penny amount? I believe our monthly mortgage statement would always have the exact outstanding balance of the loan on it. The "exact outstanding balance" changes every day as interest is accumulated. If you pay whatever was the balance shown on your las...
by bertilak
Tue May 16, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 2354

Re: Retirees afraid to spend? (Bloomberg)

As a retiree I think I am affected by a similar condition. I keep waiting for things to "settle down" before making any expensive plans. After 6+ years things have just not settled down! I'm not sure what you mean by expensive plans... ⋅ Travel ⋅ Home Improvements &sdo...
by bertilak
Tue May 16, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 2354

Re: Retirees afraid to spend? (Bloomberg)

As a retiree I think I am affected by a similar condition.

I keep waiting for things to "settle down" before making any expensive plans. After 6+ years things have just not settled down!
by bertilak
Sun May 14, 2017 3:17 pm
Forum: Investing - Theory, News & General
Topic: Excel Macro using Yahoo Finance- not working
Replies: 19
Views: 1613

Re: Excel Macro using Yahoo Finance- not working

As it seems to be affecting many, suspect yahoo has done something on their end. Why? What they have done on their end is change the URL. Use the one I intended to post just above. I made a mistake and posted an old one which stopped working. Try http://download.finance.yahoo.com/d/quotes?s=. I cor...
by bertilak
Sat May 13, 2017 12:40 pm
Forum: Investing - Theory, News & General
Topic: Excel Macro using Yahoo Finance- not working
Replies: 19
Views: 1613

Re: Excel Macro using Yahoo Finance- not working

The macro in the first spreadsheet on this gummy-stuff page still works. http://www.financialwisdomforum.org/gummy-stuff/Yahoo-data.htm Ron I use Yahoo as well but recently found that the link given in the above-referenced URL no longer works. I now use http://download.finance.yahoo.com/d/quotes?s=...
by bertilak
Thu May 11, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Are bank test deposits taxable?
Replies: 22
Views: 2263

Re: Are bank test deposits taxable?

Amounts on tax forms are rounded to the nearest dollar so these few pennies can be ignored. If you try to enter them into a tax program (I never have) I suspect they will show up as zero.

It could also be considered a gift well under the tax-free amount but I don't think even that comes into play.
by bertilak
Thu May 11, 2017 2:37 pm
Forum: Investing - Theory, News & General
Topic: Why Does The 60/40 Work So Well?
Replies: 72
Views: 9085

Re: Why Does The 60/40 Work So Well?

I always liked 50/50 because I could think of it as TWO independent portfolios: 100/0 and 0/100. ONE of those HAS to turn out to be the best and the other is unlikely to lose much, so try them both. A 50/50 fund is equivalent to two portfolios, one 100/0 and the other 0/100, only if there is rebala...
by bertilak
Thu May 11, 2017 8:23 am
Forum: Investing - Theory, News & General
Topic: Why Does The 60/40 Work So Well?
Replies: 72
Views: 9085

Re: Why Does The 60/40 Work So Well?

I think 60/40 "works" because it is close to 50/50. I always liked 50/50 because I could think of it as TWO independent portfolios: 100/0 and 0/100. ONE of those HAS to turn out to be the best and the other is unlikely to lose much, so try them both. But, I did recently move to 60/40 when ...
by bertilak
Sat May 06, 2017 1:20 pm
Forum: Investing - Theory, News & General
Topic: Are indexed funds overblown?
Replies: 89
Views: 6540

Re: Are indexed funds overblown?

... so what specifically about index-based investing is so dangerous compared to the alternatives? I think the unstated assumption is that an active advisor (or fund) is smart enough to avoid the losers. Those who buy that assumption will find find all the anti-indexing arguments quite lucid, sound...
by bertilak
Sat May 06, 2017 11:17 am
Forum: Investing - Theory, News & General
Topic: Are indexed funds overblown?
Replies: 89
Views: 6540

Re: Are indexed funds overblown?

We're not going to wake up one day and discover that indexing all of a sudden blew up the markets. Agreed. Even if that came to pass, how would you be better off in an expensive active fund? Will it be one of the few that actually DO recognize and take advantages of mis-pricings. After all, in the ...
by bertilak
Sat May 06, 2017 11:08 am
Forum: Investing - Theory, News & General
Topic: Are indexed funds overblown?
Replies: 89
Views: 6540

Re: Are indexed funds overblown?

We're not going to wake up one day and discover that indexing all of a sudden blew up the markets. Agreed. Even if that came to pass, how would you be better off in an expensive active fund? Will it be one of the few that actually DO recognize and take advantages of mis-pricings. After all, in the ...
by bertilak
Fri May 05, 2017 9:29 am
Forum: Investing - Theory, News & General
Topic: Tips From Older Bogleheads?
Replies: 52
Views: 4278

Re: Tips From Older Bogleheads?

Hello Bogleheads! For those of you that are older and more experienced. What are some things you have learned from investing over the years? What are some tips for young investors that have only experienced a bull market? Anything from the past that you wish you paid closer attention to? Thank you ...
by bertilak
Fri May 05, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Car Warranty Lies
Replies: 32
Views: 3641

Re: Car Warranty Lies

Two experiences with VW extended warranty: ⋅ The latch to flip down the back seat to open it to the trunk broke. Dealer said the extended warranty didn't cover "trim." They claimed that the plastic handle (the thing that broke) was trim and I had to pay for the replacement. I rai...
by bertilak
Tue May 02, 2017 9:08 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2314
Views: 688616

Re: What Book Are You Currently Reading? Part VI

His motive for following Don Quixote was due to his greed. He'd been promised the governorship of an ínsula, as soon as DQ conquers one, that is. As Sancho says to another squire as they compare the payment expected (if not yet received) from their respective knights errant: “I,” replied Sancho, “h...
by bertilak
Tue May 02, 2017 7:09 pm
Forum: Investing - Theory, News & General
Topic: How do I leave my full service broker?
Replies: 13
Views: 1252

Re: How do I leave my full service broker?

just... "Hop on the bus, Gus. You don't need to discuss much..." https://www.youtube.com/watch?v=0H5chfbcWtY OK, you beat me! But perhaps we need consider only ONE way, not 50. Call the broker you want to transfer things TO, not the broker you want to transfer things FROM. They want your ...
by bertilak
Tue May 02, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: How often to rebalance portfolio?
Replies: 18
Views: 1575

Re: How often to rebalance portfolio?

Apparently my life is more volatile than some others'. There is enough happening with money going in or coming out that I simply put/take wherever it keeps me closest to my target AA. I never have the luxury to simply sit back and wait for the market to move. Once one starts taking RMDs from an IRA ...
by bertilak
Sun Apr 30, 2017 5:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Jack Bogle Warns Smart Beta May Be Over-Promising
Replies: 60
Views: 5331

Re: Vanguard's Jack Bogle Warns Smart Beta May Be Over-Promising

I've been a bit agnostic about the value of factor investing for the last decade. I ended up splitting the difference- tilting on the domestic side and not tilting on the international side. And a decade later...I'm still not sure what the right answer is. Not sure anyone is ever going to know. To ...
by bertilak
Sat Apr 29, 2017 2:51 pm
Forum: Personal Consumer Issues
Topic: Does a credit card authorized user get their own credit card?
Replies: 15
Views: 799

Re: Does a credit card authorized user get their own credit card?

In my experience, I have always ended up with a second card for my wife. The AMEX card has a slightly different number and when looking at the account online it is easy to see who bought what. CITI sent two cads with the same number. In both cases my wife's name was on the second card. Perhaps yours...
by bertilak
Sat Apr 29, 2017 2:39 pm
Forum: Personal Consumer Issues
Topic: Why I'm tempted to fix things myself; it's not about the money
Replies: 38
Views: 3850

Re: Why I'm tempted to fix things myself; it's not about the money

Today I finished repairing a septic system drip-line leak. This was truly a shovel-ready job! I did the job myself after a professional repair left it leaking, although not as bad as it was at first. He also left it to me to clean up a messy back-fill and re-seed the lawn. So I decided to "get ...
by bertilak
Sat Apr 29, 2017 12:31 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Jack Bogle Warns Smart Beta May Be Over-Promising
Replies: 60
Views: 5331

Re: Vanguard's Jack Bogle Warns Smart Beta May Be Over-Promising

Ever Ready wrote:William Bernstein had a pretty good take on factor investing:

http://www.etf.com/sections/index-investor-corner/21536-bernstein-bozos-make-smart-beta-work.html?nopaging=1

Favorite quote from that:
    “Bear markets are when stocks are returned to their rightful owners.”
by bertilak
Fri Apr 28, 2017 5:36 pm
Forum: Personal Consumer Issues
Topic: Which sonicare toothbrush do you recommend?
Replies: 13
Views: 808

Re: Which sonicare toothbrush do you recommend?

I got the cheapest Series 2. I think ALL the more expensive ones are the same except (I think) for two things: ⋅ More blinking lights. ⋅ Accessories that are mostly ignore-able. One useful item would be the missing travel case but a Ziploc bag can do the job. One other thing at l...
by bertilak
Fri Apr 28, 2017 4:24 pm
Forum: Investing - Theory, News & General
Topic: The Importance of “Cash on Hand” to Life Satisfaction
Replies: 29
Views: 3487

Re: The Importance of “Cash on Hand” to Life Satisfaction

I think someone has something backwards. Wealthier people tend to have more readily available cash. Are these people happier because ⋅ they have a bigger wad of bills in their pocket or because ⋅ they are wealthier? If I had to bet I would bet on number 2. Think about correlation...
by bertilak
Fri Apr 28, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: How to Capitalize Your Pension and SSA for AA Purposes?
Replies: 8
Views: 825

Re: How to Capitalize Your Pension and SSA for AA Purposes?

A lot of smart people think turning income streams into pseudo bonds is a good idea. But they are income streams. As noted they reduce the need to take more out of your investments during retirement. They are great to have and when deciding what allocation/risk is right for you -- you should keep t...
by bertilak
Thu Apr 27, 2017 6:26 pm
Forum: Personal Consumer Issues
Topic: water softener for whole house?
Replies: 28
Views: 2226

Re: water softener for whole house?

When I had my house built there were so many things to think about and make decisions I decided to make a simple decision and go with Culligan since they've been around since Adam (well, since 1936 -- just looked it up). I am not disappointed. I must admit my Culligan did have a problem a while back...
by bertilak
Thu Apr 27, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Investing cash short term set aside for roth contributions while in grad school
Replies: 15
Views: 684

Re: Investing cash short term set aside for roth contributions while in grad school

If your eventual goal is to invest that money in some asset (call it X) in your Roth IRA, I see no reason not to put it into X right now (in a taxable account). Move X over to the IRA (well, sell and re-buy) as soon as eligible. If X is where you want it, put it in X. Don't leave it in some asset le...
by bertilak
Sun Apr 23, 2017 11:12 am
Forum: Personal Consumer Issues
Topic: Encyclopedia, World Book, Complete Set, 1960 Ed.
Replies: 43
Views: 3909

Re: Encyclopedia, World Book, Complete Set, 1960 Ed.

We have a store around here that specializes in used books. When I recently brought them a big selection of books they would not even take my Encyclopædia Britannica for free. I had to cart it back home.
by bertilak
Sun Apr 23, 2017 10:59 am
Forum: Investing - Theory, News & General
Topic: Ben Carlson Drawdown Chart
Replies: 18
Views: 3908

Re: Ben Carlson Drawdown Chart

JP Morgan has a similar chart they update every year that I also like Yes, this is a much better representation. It appears that this chart is regularly updated. Mind sharing the Web page where you found it? It's not a webpage, unfortunately. Every year they publish the "J.P. Morgan Guide to M...
by bertilak
Sun Apr 23, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Just left my company and exercised my options [invest now or DCA?]
Replies: 18
Views: 1199

Re: Just left my company and exercised my options [invest now or DCA?]

Asking about DCA is a symptom that you are not comfortable with your proposed asset allocation. You should do nothing with the money, meaning keep it as cash, until you are sure what your investing plan should be. It could be that with a meaningful change in wealth your need, ability, and willingne...
by bertilak
Sat Apr 22, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Xfr from ML to Vanguard, when does cost data come over?
Replies: 4
Views: 446

Re: Xfr from ML to Vanguard, when does cost data come over?

I am in the midst of moving assets from ML to Vanguard, some cash and some in-kind. For the in-kind assets, how long after the funds show up at Vanguard does the cost information come over from ML? Additionally, how will I know the cost data has arrived, and is there someplace on the Vanguard websi...
by bertilak
Thu Apr 20, 2017 10:18 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2314
Views: 688616

Re: What Book Are You Currently Reading? Part VI

When younger my Spanish was good enough to read in that language, and I read parts in Spanish then. I have now read the entire novel in English. Do you remember which translation? How well does it hold up in translation. I always feel I am experiencing translated works through a gauze. That's why I...
by bertilak
Thu Apr 20, 2017 7:04 pm
Forum: Personal Consumer Issues
Topic: What To Do With My Car While in NYC
Replies: 32
Views: 2875

Re: What To Do With My Car While in NYC

So I should just sell it even if it means having to buy a new car shortly after and starting all over again on payments? If you have some equity in the car you wouldn't exactly be "starting all over again." When you sell, pay off the existing loan and use the rest (in a year) to make a bi...
by bertilak
Thu Apr 20, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 53
Views: 5310

Re: When does it make sense to start paying down (or off) a low rate mortgage?

"When does it make sense to start paying down (or off) a low rate mortgage?"

When you want to improve your cash flow.
by bertilak
Thu Apr 20, 2017 7:37 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 36612

Re: Larry Swedroe says "Goodby."

Larry,

Sorry to see you go. Your posts are always enlightening, even to those of us (well, me at least) who have been a little thick in getting the point! I think I finally understand the difference between factors and factor exposure!

Thank you for your contributions.
by bertilak
Wed Apr 19, 2017 9:04 pm
Forum: Investing - Theory, News & General
Topic: Bond fund Maturity vs Duration
Replies: 32
Views: 2289

Re: Bond fund Maturity vs Duration

While thinking about this I figured I'd look at another TBM fund beside VBTLX so I checked out Fidelity's (FTBFX). Morningstar doesn't even quote an average maturity for FTBFX. Its duration (5.63) shorter than VBTLX's (5.99). I was therefore surprised by a comparison chart between the two. FTBFX to...
by bertilak
Wed Apr 19, 2017 6:09 pm
Forum: Investing - Theory, News & General
Topic: Bond fund Maturity vs Duration
Replies: 32
Views: 2289

Re: Bond fund Maturity vs Duration

So, this reminds me of the poor Dude in The Big Lebowski: DUDE It's a complicated case. Lotta ins. Lotta outs. And a lotta strands to keep in my head, man. Lotta strands ... I think it would take much more study to understand bonds than I am ready to invest. I will simply keep in mind that it is dur...
by bertilak
Wed Apr 19, 2017 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Quick Dividend Automatic Reinvesting Question
Replies: 6
Views: 723

Re: Quick Dividend Automatic Reinvesting Question

Hi fellow BHs, Let's say I invest 25k in the S & P 500 at 2300 and over a 10 year period it goes through a huge crash (down to 700 let's say), rebounds and then ends at 2300. 1. Would my portfolio be worth 25k? 2. Would I be better off because although my portfolio is worth the same, I now own ...
by bertilak
Wed Apr 19, 2017 2:03 pm
Forum: Investing - Theory, News & General
Topic: Bond fund Maturity vs Duration
Replies: 32
Views: 2289

Re: Bond fund Maturity vs Duration

dm200 wrote:Especially with mortgage related bonds, prepayment can be a significant contributor to the lower duration vs maturity.

So that risk is already baked into the duration?
by bertilak
Wed Apr 19, 2017 1:59 pm
Forum: Investing - Theory, News & General
Topic: Bond fund Maturity vs Duration
Replies: 32
Views: 2289

Re: Bond fund Maturity vs Duration

Can I summarize things as follows? ⋅ The duration is intended to represent what maturity (if issued today) the bond in question would need to make it equivalent to other newly-issued bonds with the same coupon. ⋅ The calculation to reach that number can be made in several ways, w...
by bertilak
Wed Apr 19, 2017 11:27 am
Forum: Investing - Theory, News & General
Topic: Bond fund Maturity vs Duration
Replies: 32
Views: 2289

Re: Bond fund Maturity vs Duration

I think I know what maturity and duration are, but just to be sure: ⋅ Maturity: The time between a bond's issue date and the date its principle is paid back. ⋅ Duration: A complex calculation representing a bond's sensitivity to chnges in interest rates. I think it can be approx...
by bertilak
Wed Apr 19, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: Bond fund Maturity vs Duration
Replies: 32
Views: 2289

Bond fund Maturity vs Duration

I think I know what maturity and duration are, but just to be sure: ⋅ Maturity: The time between a bond's issue date and the date its principle is paid back. ⋅ Duration: A complex calculation representing a bond's sensitivity to chnges in interest rates. I think it can be approxi...

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