Search found 670 matches

by digarei
Fri Nov 24, 2017 11:01 am
Forum: Investing - Theory, News & General
Topic: Bonfire of the Opinions of Experts
Replies: 3
Views: 651

Re: Bonfire of the Opinions of Experts

Upton Sinclair and Fr. Savonarola come to mind. The former, for his oft-repeated quote: “It is difficult to get a man to understand something, when his salary depends upon his not understanding it.” The latter, for his bonfire of the vanities in 15th century Florence. The objects tossed into the Fl...
by digarei
Thu Nov 23, 2017 11:26 pm
Forum: Investing - Theory, News & General
Topic: Why does everyone keep increasing their international stock %?
Replies: 74
Views: 4469

Re: Why does everyone keep increasing their international stock %?

cfs wrote:
Thu Nov 23, 2017 10:42 pm
Good sell signal!
How much will you be selling?
by digarei
Thu Nov 23, 2017 9:55 pm
Forum: Investing - Theory, News & General
Topic: Why does everyone keep increasing their international stock %?
Replies: 74
Views: 4469

Re: Why does everyone keep increasing their international stock %?

Sell international and buy small-cap value or bonds. Be sure to check your market timing bands beforehand though. I can’t tell if you’re serious or just ...? As for me, I have enough small cap value, thank you very much! And my fixed income allocation is right where I want it. I’ve been cautious in...
by digarei
Thu Nov 23, 2017 9:36 pm
Forum: Investing - Theory, News & General
Topic: Why does everyone keep increasing their international stock %?
Replies: 74
Views: 4469

Re: Why does everyone keep increasing their international stock %?

I think the main reason for recent increases is chasing performance . After all, international funds have finally outperformed US funds in 2017. What do you mean by recent ? It may be time to start rebalancing out of international funds for that reason. Into U.S. equities? As in ‘Buy high, Sell low...
by digarei
Thu Nov 23, 2017 9:24 pm
Forum: Investing - Theory, News & General
Topic: Why does everyone keep increasing their international stock %?
Replies: 74
Views: 4469

Re: Why does everyone keep increasing their international stock %?

Hi all. I would like to know why many finance authors and investing resources continue to increase their recommended equity allocation to international stocks year after year. Is this starting to get out of control? Is it justified? For example, Burton Malkiel has continued to increase his percenta...
by digarei
Wed Nov 22, 2017 4:09 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Managing Risk With Factors
Replies: 92
Views: 5544

Re: Larry Swedroe: Managing Risk With Factors

Checking your assets' performance once a month for a few minutes at most isn't a major time commitment. But well into retirement, you might want someone else to do this for you. Paul Merriman has used market timing successfully (he uses it primarily to minimize downside risk, not as an attempt to o...
by digarei
Wed Nov 22, 2017 12:13 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Managing Risk With Factors
Replies: 92
Views: 5544

Re: Larry Swedroe: Managing Risk With Factors

Dead Man Walking, Like all the factors, Cross Sectional Momentum is defined as a long-short portfolio to isolate the factor and exclude the market factor. CS Momentum is RELATIVE momentum. Within an asset class, at defined time intervals, one could simply look back at the last time period and buy t...
by digarei
Tue Nov 21, 2017 4:18 am
Forum: Investing - Theory, News & General
Topic: "Got $1 million to retire? Here’s how long it will last, by U.S. state"
Replies: 49
Views: 9041

Re: "Got $1 million to retire? Here’s how long it will last, by U.S. state"

Bogleheads: MarketWatch has an interesting article showing how long $1 million will last depending on the state you live in. At the end of the article is a Retirement Income Calculator. Got $1 million to retire? Here’s how long it will last, by U.S. state Best wishes. Taylor Interesting, yes. I lik...
by digarei
Tue Nov 21, 2017 3:26 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Managing Risk With Factors
Replies: 92
Views: 5544

Re: Larry Swedroe: Managing Risk With Factors

Dead Man Walking, Like all the factors, Cross Sectional Momentum is defined as a long-short portfolio to isolate the factor and exclude the market factor. CS Momentum is RELATIVE momentum. Within an asset class, at defined time intervals, one could simply look back at the last time period and buy t...
by digarei
Mon Nov 20, 2017 2:15 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Managing Risk With Factors
Replies: 92
Views: 5544

Re: Larry Swedroe: Managing Risk With Factors

Magneto, I disagree. I think value and momentum can both be applied in a completely passive formulaic manner. For value, it can be as simple as only buying stocks with a certain BtM and holding within a range . For CS Momentum, simply buy the recent past best performers and sell the recent past wor...
by digarei
Fri Nov 17, 2017 8:13 pm
Forum: Investing - Theory, News & General
Topic: As we gear up for the predictions season, a look back on how they fared for 2017 so far
Replies: 19
Views: 2203

Re: As we gear up for the predictions season, a look back on how they fared for 2017 so far

Why blame the forecaster? They are doing it to make a buck. If they are right folks think they have some knowledge that no one else has and thus the inflow of money increases. If they are wrong no one cares. The real issue is WHY do investors care. An educated investor knows no one can predict the ...
by digarei
Fri Nov 17, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at FRA of 66, or delay for one year?
Replies: 10
Views: 863

Re: Retire at FRA of 66, or delay for one year?

I too agree with JD, JW et al but I think smitcat has hit it on the nose:

1.8 M may already be more than enough or not nearly enough. What matters is the gap (or overlap) between your anticipated income and your expenses. Draw up an annual budget and then decide.
by digarei
Fri Nov 17, 2017 12:19 pm
Forum: Investing - Theory, News & General
Topic: As we gear up for the predictions season, a look back on how they fared for 2017 so far
Replies: 19
Views: 2203

Re: As we gear up for the predictions season, a look back on how they fared for 2017 so far

... Well it would be interesting (or not ) to see how they came up with these predictions. 10 Points About Forecasting and Why We Stink at It Even though predictions are almost useless, we persist in making and listening to them. November 1, 2017 by Barry Ritholtz https://www.bloomberg.com/view/arti...
by digarei
Thu Nov 16, 2017 5:38 pm
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 9696

Re: Retirees: I got this!!

What type of pension is it? Many public pensions have a 70% purchasing power protection provision. State government employees (CalPERS) There is a provision that provides partial protection to pension recipients when inflation outruns the COLA. I don’t have the number in front of me but I think tha...
by digarei
Thu Nov 16, 2017 7:14 am
Forum: Investing - Theory, News & General
Topic: Buffett 90/10 Portfolio vs Target Retirement
Replies: 29
Views: 3242

Re: Buffett 90/10 Portfolio vs Target Retirement

This is my current portfolio if this helps any with advice. Thank you to everyone. Would S&P in taxable and Target Retirements in everything else except the HSA be a viable option? Or should I trade the S&P out for Total Stock Market Admiral? If you’re going to make a change in taxable, now is the ...
by digarei
Thu Nov 16, 2017 2:07 am
Forum: Investing - Theory, News & General
Topic: Age in bonds, tax-sheltered options
Replies: 8
Views: 936

Re: Age in bonds, tax-sheltered options

This is not necessarily a recommendation but is in reply to your simplest question about what bonds members employ in their portfolio... In taxable: VBIIX Inter-Term Bond Index Inv VFSTX S-T Investment-Grade Inv In tax-sheltered: VTABX Tot Intl Bond Ix Admiral VBTLX Total Bond Mkt Index Adm I also h...
by digarei
Tue Nov 14, 2017 7:43 am
Forum: Investing - Theory, News & General
Topic: Buffett 90/10 Portfolio vs Target Retirement
Replies: 29
Views: 3242

Re: Buffett 90/10 Portfolio vs Target Retirement

That is purely an emotional argument, and so is to my way of thinking suspect. Investing based on emotions rather than logic and common sense is dangerous. But if you feel that strongly about it, and more importantly can stay the course, I'd say stay with domestic. BUT, if that is how you feel, you...
by digarei
Tue Nov 14, 2017 7:05 am
Forum: Investing - Theory, News & General
Topic: "No Transaction Fee" (NTF) hidden fees; TDAmeritrade
Replies: 8
Views: 961

Re: "No Transaction Fee" (NTF) hidden fees; TDAmeritrade

Here is an interesting article from Morningstar, "Will the Fund Industry Ever Come Clean?"' . This is probably the best article I’ve read on the subject of transparency of fees. Sometimes our human psychology can work against our best interests—and those of companies, too. It’s why we dislike heari...
by digarei
Sun Nov 12, 2017 3:43 pm
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 9696

Re: Retirees: I got this!!

What type of pension is it? Many public pensions have a 70% purchasing power protection provision. State government employees (CalPERS) There is a provision that provides partial protection to pension recipients when inflation outruns the COLA. I don’t have the number in front of me but I think tha...
by digarei
Sun Nov 12, 2017 11:16 am
Forum: Investing - Theory, News & General
Topic: Vanguard Reduces 529 Fees
Replies: 10
Views: 1320

Re: Vanguard Reduces 529 Fees

Yup, the State of Nevada has their grubby little hands in the 529 cookie jar. Pretty much every state gets a portion of the aggregate 529 fund expense ratio. I have not been able to find out how much that is, because they do not disclose it. Do the states exercise an oversight function with regard ...
by digarei
Sun Nov 12, 2017 10:57 am
Forum: Investing - Theory, News & General
Topic: Yay, my question was answered by Jack
Replies: 40
Views: 3706

Re: Yay, my question was answered by Jack

stemikger wrote:
Sun Nov 12, 2017 8:26 am

I really don't look at the LS funds as fund of fund funds. They simply hold the index funds. That is great, but the Star Fund is a true fund of funds approach. I'm not all that crazy about that idea.
Sorry, I’m not sure I follow. What’s the distinction?
by digarei
Sun Nov 12, 2017 10:54 am
Forum: Investing - Theory, News & General
Topic: Yay, my question was answered by Jack
Replies: 40
Views: 3706

Re: Yay, my question was answered by Jack

Another problem here is the Tower of Babel we’ve knowingly created by labeling the place Bogleheads while establishing a different norm for calculating AA than Bogle himself. Bogle says investors “absolutely must” include the capitalized value of their SS as bonds and we say leave it out. The avera...
by digarei
Sat Nov 11, 2017 1:07 pm
Forum: Investing - Theory, News & General
Topic: The Emotions of Investing
Replies: 9
Views: 654

Re: The Emotions of Investing

Like This? :happy https://www.bogleheads.org/forum/viewtopic.php?f=2&t=159795&p=3259919&hilit=cycle#p3259919 Exactly. Do you recall where you found this chart? Side note: I thought nisiprius was being creative when he foisted several words I’d never seen in that thread. But evidently the word ‘floc...
by digarei
Sat Nov 11, 2017 12:49 pm
Forum: Investing - Theory, News & General
Topic: The Emotions of Investing
Replies: 9
Views: 654

Re: The Emotions of Investing

^^^ I thought as much!

—and ditto for my reply.

:happy
by digarei
Sat Nov 11, 2017 12:46 pm
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 9696

Re: Retirees: I got this!!

I retired 2 years ago at 59. I was comfortable from Day 1... mostly attributable to having learned to reduce my expenses for a dozen years prior to retirement in order to pay off consumer debt. I learned that I can live on much less. And lots of planning. Of three actual and potential income streams...
by digarei
Sat Nov 11, 2017 12:24 pm
Forum: Investing - Theory, News & General
Topic: The Emotions of Investing
Replies: 9
Views: 654

Re: The Emotions of Investing

I’ve seen several lectures that employ the “Cycle Of Stock Market Emotions” illustrated by Michelle Higgins in this article. Earliest was by Barry Ritholtz in 2012. Anyone know the original source for this? I wept this morning because of this week's loses in my portfolio. Dollars, oh dollars where d...
by digarei
Sat Nov 11, 2017 11:59 am
Forum: Investing - Theory, News & General
Topic: Yay, my question was answered by Jack
Replies: 40
Views: 3706

Re: Yay, my question was answered by Jack

Bogleheads....I am a little dense. How exactly do you count SS as part of your bond portfolio? I don’t but as you’ve indicated (and stemikger explained, above), counting anticipated Social Security benefits (and other annuity-type income) can impact how much risk you elect to take in or near retire...
by digarei
Sat Nov 11, 2017 11:42 am
Forum: Investing - Theory, News & General
Topic: Yay, my question was answered by Jack
Replies: 40
Views: 3706

Re: Yay, my question was answered by Jack

And there are several alternatives to the Balanced Index Fund that would also work for those who wish to maintain a 60/40 portfolio at Vanguard: VGSTX STAR Fund VSMGX LifeStrtgy Mod Growth Fund Yes, however you want to roll. I like the plain vanilla simplicity of the balanced, but if I were to go w...
by digarei
Sat Nov 11, 2017 4:21 am
Forum: Investing - Theory, News & General
Topic: Yay, my question was answered by Jack
Replies: 40
Views: 3706

Re: Yay, my question was answered by Jack

The question I asked was: If one were to look at social security as part of their fixed income, what will be wrong with holding the balanced index for life and never look back. Jack's quick answer was: Nothing would be wrong. And there are several alternatives to the Balanced Index Fund that would ...
by digarei
Thu Nov 09, 2017 6:16 pm
Forum: Investing - Theory, News & General
Topic: When is a good time to rebalance?
Replies: 30
Views: 2282

Re: When is a good time to rebalance?

I have my 403b set to auto-rebalance me quarterly. Is this too much? I am trying to mimick the amazingly, simple and boring Vanguard Balanced Index fund allocation but I also through in a international in the 60/40. I don’t believe quarterly rebalancing is too much. Vanguard didn’t find much differ...
by digarei
Thu Nov 09, 2017 1:58 am
Forum: Investing - Theory, News & General
Topic: When is a good time to rebalance?
Replies: 30
Views: 2282

Re: When is a good time to rebalance?

Recommended reading – Vanguard research published 2015 They back tested many different approaches to rebalancing and determined that: • Periodic Rebalancing was helpful in controlling portfolio risk • In some cases, rebalancing improved returns. • Rebalancing to 5% bands was a reasonably good appro...
by digarei
Wed Nov 08, 2017 7:48 pm
Forum: Personal Consumer Issues
Topic: Coffee
Replies: 51
Views: 3870

Re: Coffee

ResearchMed wrote:
Wed Nov 08, 2017 7:28 pm
WoodSpinner wrote:
Wed Nov 08, 2017 7:05 pm

<snip>

:beer (can we get a coffee cup emoticon?)
And a wine glass or two!

RM

Here you are... take your pick:

♨️ 🍸 🍷 🍷 ☕️
by digarei
Tue Nov 07, 2017 5:54 am
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 9352

Re: "$1 Million is Closer Than You Think"

I input a 7 figure number and it told me I had a 95% chance of having $1 million in 5 years :shock: Yeah. If you input $1,000,000 Saved with a target of reaching the same amount in 10 Years ... it suggests an 85% probability. Hmmmm. This interactive ad would benefit from some data validation. :|
by digarei
Mon Nov 06, 2017 11:07 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard sending so much junk mail telling me to vote in the proxy election?
Replies: 39
Views: 3954

Re: Why is Vanguard sending so much junk mail telling me to vote in the proxy election?

Grt2bOutdoors wrote:
Mon Nov 06, 2017 8:13 pm
I voted and they are still pestering me to vote! Nuts....
You get to vote twice!
by digarei
Sat Nov 04, 2017 8:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: Interest In forming North Texas Boglehead Group
Replies: 11
Views: 1264

Re: Interest In forming North Texas Boglehead Group

I am interested in forming of a Boglehead group in the Frisco/Prosper/McKinney TX area of North Texas (this is the new Jerry Jones territory) I know that there is a DFW Diehards but they meet at a location 25-30 miles from the area that we are located. Are there any other Bogleheads in this area th...
by digarei
Fri Nov 03, 2017 11:12 am
Forum: Investing - Theory, News & General
Topic: MLB Signal?
Replies: 9
Views: 1062

Re: MLB Signal?

Raybo wrote:
Fri Nov 03, 2017 11:06 am
A team that used to be in the National League has won the world series as the American League Champion. I'm not sure what this portends, but maybe something like the old AFL team winning the Super Bowl might be in store.

Should I double down or lighten up?
Get back on the road? :wink:
by digarei
Fri Nov 03, 2017 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Does Retirement Make You Lazier?
Replies: 87
Views: 7594

Re: Does Retirement Make You Lazier?

. . . . Having abandoned or suppressed much of the idealism and drive that launched my career, I learned that habit and feigned indifference were requisite to a politically acceptable and emotionally uneventful finale. I fear the death of the person I was.  What dreams may come when we have shuffle...
by digarei
Tue Oct 31, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Wade Pfau AMA on Reddit
Replies: 3
Views: 669

Re: Wade Pfau AMA on Reddit

A very informative exchange between Wade Pfau and reddit members. Lots of good content.

Thanks for posting.
by digarei
Sun Oct 29, 2017 7:59 pm
Forum: Local Chapters and Bogleheads Community
Topic: To Avatar or not to Avatar . . how did you choose or not choose?
Replies: 116
Views: 5293

Re: To Avatar or not to Avatar . . how did you choose or not choose?

I had started looking for one a couple weeks ago but I hadn't adjusted the size. Your thread made me finish it. Nice. But where’s the beef... er, bacon ? ___ My avatar is... coffee. Whole bean preferred. Ground at the cup. Pulp Fiction condiments (“lots of cream, lots of sugar”). Pre-Starbucks conn...
by digarei
Sun Oct 29, 2017 7:36 pm
Forum: Local Chapters and Bogleheads Community
Topic: To Avatar or not to Avatar . . how did you choose or not choose?
Replies: 116
Views: 5293

Re: To Avatar or not to Avatar . . how did you choose or not choose?

triceratop wrote:
Sun Oct 29, 2017 6:41 pm
I love Lucy (in the sky with diamonds?)
I suspect that you aren’t aware of the implications of this reference...

But different strokes for different folks.
by digarei
Wed Oct 25, 2017 6:28 pm
Forum: Investing - Theory, News & General
Topic: Bogle: Vanguard's size a worry
Replies: 21
Views: 4415

Re: Bogle: Vanguard's size a worry

Well, Vanguard could break itself up. You would have Vanguard I, Vanguard II, and Vanguard III. What a nightmare for competitors. Vanguard could be the number 1, number 2, and the number 3 mutual fund company. This isn't going to happen, but it is fun to think about. Arguably, this already happened...
by digarei
Sun Oct 22, 2017 11:06 am
Forum: Local Chapters and Bogleheads Community
Topic: Sacramento, CA Area Chapter - Master Thread
Replies: 80
Views: 18110

November and December

. ... This thread has been updated with essential information about Sacramento Area Bogleheads' next meeting for the month of December 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Read the ...
by digarei
Sat Oct 21, 2017 7:49 am
Forum: Investing - Theory, News & General
Topic: TIAA Trouble [NY Times: TIAA pushes clients to high fee products]
Replies: 50
Views: 4593

TIAA Trouble [NY Times: TIAA pushes clients to high fee products]

This is a link to a New York Times article published 10-21-2017 on accusations of malfeasance from employees and other stakeholders of TIAA (formerly TIAA-CREF). The Finger-Pointing at the Finance Firm TIAA https://www.nytimes.com/2017/10/21/business/the-finger-pointing-at-the-finance-firm-tiaa.html...
by digarei
Fri Oct 20, 2017 12:42 pm
Forum: Investing - Theory, News & General
Topic: "Investment Lessons From The 21st Century"
Replies: 16
Views: 2111

Re: "Investing: What We've Learned This Century"

An arguable point. Perhaps it would be more useful; but if not lump sum, what algorithm would you use to increase utility for the “average investor” while making comparisons possible? One dollar (or a hundred euros, or whatever) invested at the end of each month during the period examined, for exam...
by digarei
Fri Oct 20, 2017 5:13 am
Forum: Investing - Theory, News & General
Topic: "Investment Lessons From The 21st Century"
Replies: 16
Views: 2111

Re: "Investing: What We've Learned This Century"

The author constructs a graph that assumes a single lump-sum investment. This is not how most investors buy stocks and bonds. It exaggerates the riskiness of stocks and thus makes a stronger case for the author's conclusions than is warranted. Most of an investor's money that was invested at the be...
by digarei
Thu Oct 19, 2017 10:00 am
Forum: Investing - Theory, News & General
Topic: "Investment Lessons From The 21st Century"
Replies: 16
Views: 2111

Re: "Investing: What We've Learned This Century"

Start measuring from the peak of one of the biggest runups of the last 100 years and just before the crash. Not very suprising that stocks don't do well. Fortunately, most investors will not suddenly invest all of their savings in a lump sum at one specific point (and even if they do, chances are s...
by digarei
Mon Oct 16, 2017 11:04 am
Forum: Personal Consumer Issues
Topic: Dental implants in Poland
Replies: 29
Views: 2405

Re: Dental implants in Poland

I just think it's too dicey to go abroad for dental implants, purely my opinion. I have a general dentist, endodontist, and oral surgeon, unfortunately. I had read that Hungary has excellent dentistry for expats, so I ran it by my dentist just out of curiousity- she said some of the worst dentistry...
by digarei
Sun Oct 15, 2017 9:41 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 107
Views: 7092

Re: How does everyone keep track of your portfolio?

I have an Excel spreadsheet that has grown in complexity and girth since its creation in 2003 but still requires less than one hour per year to update. 30 funds over three accounts, the balances of which are manually transcribed to paper, then into cells, before shredding. Updated whenever but invar...
by digarei
Sun Oct 15, 2017 5:08 pm
Forum: Investing - Theory, News & General
Topic: International [Are multinational US companies the same as international?]
Replies: 12
Views: 663

Re: International

that Japan’s tsunamis and aging economy undercuts its ability to produce profit This is interesting since Japan's stock market is currently hitting two-decade closing highs and is overall the highest its been since '96. I respect Bogle on many things, but when it comes to international, I feel his ...
by digarei
Sun Oct 15, 2017 4:28 pm
Forum: Investing - Theory, News & General
Topic: International [Are multinational US companies the same as international?]
Replies: 12
Views: 663

Re: International

I'm an all U.S. investor just like Mr. Bogle. I will post a video below for several of the reasons why. https://www.youtube.com/watch?v=hvgptl5-Kcc I don’t know but I think Mr. Bogle’s message changes according to his audience. Other equally valid takeaways from this short video are that Jack think...