Search found 39 matches

by drk
Wed Aug 23, 2017 12:25 am
Forum: Investing - Theory, News & General
Topic: Vanguard marked down their Uber investment. Which fund holds it?
Replies: 2
Views: 565

Vanguard marked down their Uber investment. Which fund holds it?

I saw this story in the WSJ about mark-downs on Uber investments . I never knew that Vanguard had invested in Uber. Does anyone know if any of its funds include Uber, or is this solely an investment by Vanguard Group itself? A cursory search on my phone didn't turn up anything, then I realized that ...
by drk
Sun Aug 20, 2017 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to Undo Backdoor Roth Completely
Replies: 10
Views: 1119

Re: How to Undo Backdoor Roth Completely

Thanks for your replies. I want to roll my 401k to tIRA because the investment options in the 401k are so limited that I expect to lose a lot compared to a tIRA even in the remaining months of this year. That is why I do not want to wait until the next year. They're really so bad that four-and-a-ha...
by drk
Sun Aug 20, 2017 7:52 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 12085

Re: I own no international stocks. Can you guess why?

I forgot to drop my guess: you were convinced by Bill Ackman's slide deck and went all in on ADP.
by drk
Sun Aug 20, 2017 4:16 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 12085

Re: I own no international stocks. Can you guess why?

Nate79 wrote:
Sun Aug 20, 2017 4:15 pm
You exchanged it for bitcoin.
This would be the only way to redeem this thread.
by drk
Sun Aug 20, 2017 3:57 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 12085

Re: I own no international stocks. Can you guess why?

Because Taylor is old That's my guess right there. He may dress it up in other outfits but the core of it is likely this. I object. How old does one have to be to be considered "old"? What is "old" anyway? Answer: it is as old as one feels "old". Taylor is NOT old. Not that is matters, but I would ...
by drk
Sun Aug 20, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Optimizing Roth/Traditional in mixed account
Replies: 12
Views: 944

Re: Optimizing Roth/Traditional in mixed account

My 401k at Vanguard similarly presents a combined view of all of my investments, but I'm able to change my allocation and paycheck mix by contribution source (traditional, Roth, employer match). Presumably Schwab should offer the same functionality if you dig for it.
by drk
Sun Aug 20, 2017 1:20 pm
Forum: Investing - Theory, News & General
Topic: Irrational Despair?
Replies: 39
Views: 5481

Re: Irrational Despair?

I don't know, the market is down maybe 2% from all-time highs and people seem to be in utter despair. Normally, bull markets end with excessive optimism and not with excessive pessimism. Think of the roaring twenties, the go-go years of the 1960's, the internet and high tech bubble of the late 1990...
by drk
Sun Aug 20, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: What it means to be acquired by a holding company?
Replies: 1
Views: 280

Re: What it means to be acquired by a holding company?

The unsatisfactory answer is "it depends." You'll have to wait until the announcement.
by drk
Sun Aug 20, 2017 12:12 pm
Forum: Investing - Theory, News & General
Topic: Boston Globe: Smart Investors May be Killing Capitalism
Replies: 44
Views: 3937

Re: Boston Globe: Smart Investors May be Killing Capitalism

The fault with all of these articles (that bash index funds) is that they fail to recognize that you need only a very small proportion of investors to be active in order to have reasonable price discovery. In other words, there is no problem unless almost everyone in an indexer, which will never ha...
by drk
Sun Aug 20, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Be careful with Passive Index ETFs
Replies: 14
Views: 2130

Re: Be careful with Passive Index ETFs

Buy-and-hold investors don't use stop-loss orders.
by drk
Fri Aug 18, 2017 9:56 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3816
Views: 1000917

Re: U.S. stocks in freefall

I'll bite because I admit I'm still learning--and I am genuinely interested. How exactly do we lose money if we don't sell the shares and actually realize the loss? If I have a wallet with $100 in it, and someone steals $10 out of it, is it a real loss then, or when I open the wallet and take the m...
by drk
Fri Aug 18, 2017 9:54 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3816
Views: 1000917

Re: U.S. stocks in freefall

I wouldn't want a market dip at any time, even in the accumulation phase. If the market drops 10% it means the estimation of its value and future potential has gone down 10%. It's not "yay I'm buying potatoes and they're on sale" it's "oh I'm buying potatoes and they're on sale because of spoilage....
by drk
Thu Aug 17, 2017 11:16 pm
Forum: Investing - Theory, News & General
Topic: What we know about robo advisors
Replies: 135
Views: 13513

Re: What we know about robo advisors

No way to know, but in my experience VCs hate service businesses. I'd be more likely to say their socially conscious investing or just about anything but the service side. It looks like the lead investor was a repeat from Betterment's previous round . Their mission statement via Crunchbase: Kinnevi...
by drk
Thu Aug 17, 2017 10:36 pm
Forum: Investing - Theory, News & General
Topic: What we know about robo advisors
Replies: 135
Views: 13513

Re: What we know about robo advisors

Wealthfront and Betterment have become profitable without VC?!? Good for them. I was disappointed to see Betterment raise their fees though. Just to clarify: Wealthfront has raised $129.5M from VCs and Betterment $275M . Wealthfront hasn't gone to the till since 2014. Betterment though is recent. I...
by drk
Thu Aug 17, 2017 9:33 pm
Forum: Investing - Theory, News & General
Topic: What we know about robo advisors
Replies: 135
Views: 13513

Re: What we know about robo advisors

tj wrote:
Wed Aug 16, 2017 5:37 pm
Wealthfront and Betterment have become profitable without VC?!? Good for them. I was disappointed to see Betterment raise their fees though.
Just to clarify: Wealthfront has raised $129.5M from VCs and Betterment $275M.
by drk
Sun Aug 13, 2017 12:25 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront now uses VTEB (Vanguard Tax-Exempt Bond) as its default muni ETF
Replies: 3
Views: 791

Wealthfront now uses VTEB (Vanguard Tax-Exempt Bond) as its default muni ETF

I happened across this while researching Wealthfront's portfolios. For tax-loss harvesting purposes, they have a set of replacement ETFs, and it looks like they made the switch from MUB (iShares National AMT-free Muni Bond) to VTEB as their preferred ETF on Wednesday . I believe the Vanguard fund is...
by drk
Sun Aug 13, 2017 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Total Int'l Stock Index - how to track?
Replies: 15
Views: 1188

Re: Total Int'l Stock Index - how to track?

Right. VXUS is just a different share class of VTIAX, so they have the same underlying assets. Aside from their having different share prices (as you noted), keep in mind that the ETF does not necessarily start or end the day priced at its underlying NAV.
by drk
Sun Aug 13, 2017 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Total Int'l Stock Index - how to track?
Replies: 15
Views: 1188

Re: Total Int'l Stock Index - how to track?

KyleAAA wrote:
Sun Aug 13, 2017 10:43 am
The ETF version (VXUS) trades throughout the day.
Plus, Morningstar reports an Intraday Indicative Value with this description:
The intraday value is a real-time estimate of an ETF's fair value, based on the most recent prices of its underlying securities.
by drk
Sun Aug 13, 2017 1:17 am
Forum: Investing - Theory, News & General
Topic: Vanguard Target Retirement 2065
Replies: 6
Views: 1140

Re: Vanguard Target Retirement 2065

The advisors quoted in that article effectively demonstrate why normal investors cannot win with active management: if someone is any good, you can't hire them.
by drk
Sun Aug 13, 2017 1:11 am
Forum: Investing - Help with Personal Investments
Topic: Should I put 100% of 401(k) in VINIX?
Replies: 10
Views: 7158

Re: Should I put 100% of 401(k) in VINIX?

OK, I'm finally back. I took the plunge and moved to 100% in VINIX in my 401(k). I plan to use Target Retirement 2035 Fund (VTTHX) in my new Traditional IRA. And I plan to shift my Roth from VTSAX to VTTHX also...or I may just try to mimic VTTHX in the Roth with Admiral Shares of the same funds in ...
by drk
Sat Aug 12, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: "Upper Middle" Class - ditch WLI or ride it?
Replies: 32
Views: 5560

Re: "Upper Middle" Class - ditch WLI or ride it?

TravelforFun wrote:
Thu Aug 10, 2017 6:51 pm
Stop contributing to the 401K (you still get employer's contribution) and pay off the car ASAP.
Without knowing the interest rate on the car loan, this is not good advice.
by drk
Sat Aug 12, 2017 1:38 pm
Forum: Personal Consumer Issues
Topic: Cheapest way to upgrade iPhones ?
Replies: 35
Views: 2906

Re: Cheapest way to upgrade iPhones ?

You can buy refurbished iPhones from Apple and take advantage of their installment plan with no interest.
by drk
Fri Aug 11, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: ok to switch VTIAX (international index) for VUVLX?
Replies: 18
Views: 1775

Re: ok to switch VTIAX (international index) for VUVLX?

riptide wrote:Ok, .5% to Norfolk Southern or VUVLX then!
May Mr. Market look kindly upon your purchases. :sharebeer
by drk
Fri Aug 11, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Can a salaried employee be docked pay...
Replies: 33
Views: 3278

Re: Can a salaried employee be docked pay...

When you say "salaried," I assume you mean it to mean "exempt." It looks like the DOL has weighed in on this : Deductions from pay are permissible when an exempt employee: is absent from work for one or more full days for personal reasons other than sickness or disability; for absences of one or mor...
by drk
Fri Aug 11, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Bernstein's Simpleton's Portfolio
Replies: 40
Views: 4270

Re: Bernstein's Simpleton's Portfolio

(1) Looks to me like you have no exposure to US mid-caps. I'd suggest discontinuing contributions to US small and instead, start and continue contributions to a US "completion index" or "extended" fund which has both mid- and small-cap stocks. You're right, we're missing US midcap with this allocat...
by drk
Thu Aug 10, 2017 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: ok to switch VTIAX (international index) for VUVLX?
Replies: 18
Views: 1775

Re: ok to switch VTIAX (international index) for VUVLX?

Riptide, why do you want to switch out of International Stocks? 2017 has been a very good year for International so far. If you believe in reversion to the mean, this would suggest that at some point, International will enter a period of outperforming US Stocks. Plus it is a good time to purchase I...
by drk
Thu Aug 10, 2017 9:39 pm
Forum: Investing - Theory, News & General
Topic: Alternatives to the Vanguard Total International Fund?
Replies: 33
Views: 3345

Re: Alternatives to the Vanguard Total International Fund?

You're right. I am chasing performance. And I guess this butts up against the Boglehead philosophy. But, 10 years from now, when I see that certain managed mutual funds that specialize in international stocks have continued to trounce VXUS as they have these past 10 years don't you think I'm going ...
by drk
Wed Aug 09, 2017 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: ok to switch VTIAX (international index) for VUVLX?
Replies: 18
Views: 1775

Re: ok to switch VTIAX (international index) for VUVLX?

Riptide, why do you want to switch out of International Stocks? 2017 has been a very good year for International so far. If you believe in reversion to the mean, this would suggest that at some point, International will enter a period of outperforming US Stocks. Plus it is a good time to purchase I...
by drk
Wed Aug 09, 2017 10:19 pm
Forum: Investing - Theory, News & General
Topic: Still Buying As planned Regardless Of The World Situation
Replies: 72
Views: 7671

Re: Still Buying As planned Regardless Of The World Situation

Unfortunately, that's not a great indicator of much. The markets were high in 2006 and 1999, as well, and many folks are arguing that the high markets are exactly why we should be worried. That looks like an example of the Availability bias/heuristic . Those two situations do not appear to describe...
by drk
Wed Aug 09, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: Still Buying As planned Regardless Of The World Situation
Replies: 72
Views: 7671

Re: Still Buying As planned Regardless Of The World Situation

Unfortunately, that's not a great indicator of much. The markets were high in 2006 and 1999, as well, and many folks are arguing that the high markets are exactly why we should be worried. That looks like an example of the Availability bias/heuristic . Those two situations do not appear to describe...
by drk
Sun Aug 06, 2017 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Another advantage of airline credit cards
Replies: 10
Views: 1863

Re: Another advantage of airline credit cards

Keep in mind that many of the non-airline travel cards have agreements that let you transfer points 1:1 to airlines. Chase Sapphire, for example, has this with British Airways (allied with American), Southwest, United, etc. That means you can earn a lot more quickly, transfer, and then take full adv...
by drk
Sun Aug 06, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: bearish trends beneath the surface
Replies: 13
Views: 1567

Re: bearish trends beneath the surface

bertilak wrote:Perhaps there is nothing new here.
The nice thing about technical analysis is that there's always something new, regardless of its predictive value.
by drk
Sun Aug 06, 2017 3:55 pm
Forum: Personal Consumer Issues
Topic: Question for Buick Verano (non turbo) or Mazda3 owners
Replies: 35
Views: 1718

Re: Question for Buick Verano (non turbo) or Mazda3 owners

I have a 2012 Mazda 3 iTouring hatch (another manual) with 60,000 miles and no issues. I love the car, and I have the miles behind the wheel of its twin Ford Focus to confirm that the Zoom Zoom is real. I've never driven a Buick, though, so unfortunately I can't comment on that.
by drk
Sun Aug 06, 2017 3:47 pm
Forum: Investing - Theory, News & General
Topic: trying to understand total market and value investing
Replies: 77
Views: 4860

Re: trying to understand total market and value investing

What I found was that value investing, regardless of how persuasively one presents the math is broadly rejected. The overwhelming majority of investor simply hate the idea that the long term return of their stocks is determined by dividends and dividend growth. That is a rather idiosyncratic defini...
by drk
Sun Aug 06, 2017 2:24 pm
Forum: Investing - Theory, News & General
Topic: trying to understand total market and value investing
Replies: 77
Views: 4860

Re: trying to understand total market and value investing

What I found was that value investing, regardless of how persuasively one presents the math is broadly rejected. The overwhelming majority of investor simply hate the idea that the long term return of their stocks is determined by dividends and dividend growth. That is a rather idiosyncratic defini...
by drk
Sun Aug 06, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Companies And Your Credit Report.
Replies: 13
Views: 1106

Re: Credit Card Companies And Your Credit Report.

whodidntante wrote:Your question has already been answered, but I personally like getting these offers because some of them are significantly better than public offers.
I always enjoy comparing the offers that my partner receives with what I got when signing up for the same card.
by drk
Sun Aug 06, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Should I make Roth 401k or Traditional 401k contributions?
Replies: 8
Views: 741

Re: Should I make Roth 401k or Traditional 401k contributions?

Betterment also has a calculator for deciding between traditional and Roth 401k in case you're interested in using it. As for tax brackets, keep in mind that you'll be filing as married later on, whereas now you're filing as single. If you search around on the board, you can also find plenty of post...
by drk
Fri Aug 04, 2017 9:39 am
Forum: Investing - Theory, News & General
Topic: Paul Singer Says Passive Investing Is ‘Devouring Capitalism’
Replies: 24
Views: 2680

Re: Paul Singer Says Passive Investing Is ‘Devouring Capitalism’

The most important bits: Elliott, whose main hedge funds manage $33 billion, is best known for its high-profile activist and distressed wagers, including leading a group of holdout creditors seeking repayment for positions in Argentine debt. [...] Singer’s Elliott Associates fund rose just 0.4 perce...
by drk
Mon Jul 31, 2017 11:33 pm
Forum: Investing - Theory, News & General
Topic: Greenspan: Look Out When Bonds Pop
Replies: 58
Views: 8216

Re: Greenspan: Look Out When Bonds Pop

He also says that he sees the return of stagflation. Unfortunately, he lost any credibility while inflating the last two bubbles.