Search found 1863 matches

by grap0013
Tue Nov 07, 2017 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Allocation Decisions: LENDX, SRRIX and QSPIX
Replies: 51
Views: 5611

Re: Allocation Decisions: LENDX, SRRIX and QSPIX

I've been lazy about these ALTS. Illiquid ones might still be worth it. Hassle factor must be taken into consideration. Probably worth it if portfolio is 1 million+.

On another thought, look at QSPIX making a charge! Even QMHIX is coming back from the dead!
by grap0013
Mon Nov 06, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 4
Views: 425

Re: HSA question

Shoot, one more question, is the limit for 2018 based on the above $6900 or $3450? I assume the former since she can use it for the entire family?
by grap0013
Mon Nov 06, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 4
Views: 425

Re: HSA question

runner3081 wrote:
Mon Nov 06, 2017 3:34 pm
grap0013 wrote:
Mon Nov 06, 2017 2:52 pm
Spouse can use her HSA dollars to pay for myself and kids copays even though we are not on her plan correct?
Yes, correct.
Thank you!
by grap0013
Mon Nov 06, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 4
Views: 425

HSA question

Open enrollment! :-)

Just want to double check my understanding:

Spouse HSA plan (self only)

HMO plan (kids + me)

Spouse can use her HSA dollars to pay for myself and kids copays even though we are not on her plan correct?

Thank you!

grap
by grap0013
Wed Oct 25, 2017 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Why [was] QSPIX steadily declining?
Replies: 66
Views: 8564

Re: Why is QSPIX steadily declining?

ER of 1.48% :shock: How does anyone who calls themselves a Boglehead get interested in such a fund? Because according to Larry Swedroe, you should divide the expense ratio by two for a long-short fund Priceless :!: And as of today, QSPIX ER now seems to be-- drum roll... Net Expenses - 2.35 %. But ...
by grap0013
Wed Oct 25, 2017 7:23 am
Forum: Investing - Help with Personal Investments
Topic: Why [was] QSPIX steadily declining?
Replies: 66
Views: 8564

Re: Why is QSPIX steadily declining?

^^^That's exactly what I'm wondering.

I think I'm too lazy to do anything and I don't want to pay the $49.95 fee to purchase it. Think I'll just stick with my 15% QSPIX and 5% QMHIX. Might add some volatility scaling at some point eg AVRPX. It basically gets you to the same place.
by grap0013
Mon Sep 11, 2017 7:03 am
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

Re: My Favorite Alternative Funds

midwayboomer wrote:
Sun Sep 10, 2017 5:56 pm
Our TD Ameritrade holds individual stocks and mutual funds and returns in excess of 3 % in dividends yearly.
Individual stocks are waaaaayyyy more risky than anything listed in this thread. Not even close. You are entitled to your opinion of course.
by grap0013
Sat Sep 09, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2300

Re: Thinking about accepting new job that pays a bit less

OP, you are in great financial shape. Slam dunk. Go for it if it improves your family life. You might find yourself even happier at work and your output will reflect that and you end up making more at some point.
by grap0013
Fri Sep 08, 2017 12:58 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

Re: My Favorite Alternative Funds

It looks like SRRIX is sure taking a hit due to these Hurricanes....Not sure if I would want to be in this fund if I was a believer in climate change. All strategies have risks! It's still positive something like ~85% of months. Much better than equities ~60%. Plus the reinsurance industry would ch...
by grap0013
Mon Aug 21, 2017 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Why [was] QSPIX steadily declining?
Replies: 66
Views: 8564

Re: Why is QSPIX steadily declining?

...SPIX is operating as designed, a fund with positive returns with low correlation to the stock market. Again, I would view such a fund as a bond substitute. ER of 1.48% :shock: How does anyone who calls themselves a Boglehead get interested in such a fund? Because of this bwahaaahawhahwhwha!!! ht...
by grap0013
Mon Jul 17, 2017 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: [Need help to review alternative investment portfolio]
Replies: 18
Views: 1359

Re: [Need help to review alternative investment portfolio]

...SRRIX (5% of total portfolio), LENDX (10% of total portfolio)... this 2:1 is the LENDX:SRRIX ratio Larry Swedroe recommends Privately he has stated since that comment that he's moving towards something like this: 8% LENDX 8% SRRIX 8% AVRPX 8% QSPRX 2% QMHRX Alts 1/3 of portfolio, equal weighting...
by grap0013
Mon Jul 17, 2017 7:08 am
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

Re: My Favorite Alternative Funds

...Yep, Larry is getting into the land of 1/3 equities, 1/3 bonds, 1/3 Alts... The Only Guide To Winning Investment Strategy You'll Ever Need: Index Funds and Beyond--The Way Smart Money Creates Wealth Today isn't all you ever need? It's not good enough to stay the course in these model portfolios?...
by grap0013
Fri Jul 14, 2017 12:43 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

Re: My Favorite Alternative Funds

Been traveling so just catching up with this great thread now. Thanks grap! Nice to have a discussion on alternatives without the normal "don't ever buy these are you crazy" comments. 70% tilted equities/15% bonds/7.5% QSPIX/7.5% QMHIX for life. :beer How you liking QMHIX? I dislike it so far and t...
by grap0013
Fri Jul 14, 2017 12:42 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

Re: My Favorite Alternative Funds

The latter allocation gives more weighting to LENDX and SRRIX due to more persistent positive returns and return per unit of risk ie risk/reward trade off looks more favorable for these funds than the other three.... somewhere else sometime earlier this year, and speaking of LENDX and SRRIX, The tw...
by grap0013
Wed Jul 12, 2017 3:01 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

Re: My Favorite Alternative Funds

Final point, maybe I'm a little overly influenced on these funds by one expert former poster? Maybe. If I can understand the concepts of these funds and he tells me he's done due diligence I don't need to backtest for example SRRIX in 2008 or maybe try to find the last 150 years of reinsurance retur...
by grap0013
Wed Jul 12, 2017 2:59 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

Re: My Favorite Alternative Funds

Hi Grap, [As Always] I really enjoyed this thread you started and your insights on the different alternative funds. A few thoughts: 1) I can't help to draw the analogy to the complexity pension/endowment/SWF funds have layered on in an effort to produce superior risk adjusted returns than the class...
by grap0013
Tue Jul 11, 2017 7:17 am
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

Re: My Favorite Alternative Funds

The correlations are not stable. certainly not stable enough to make a leveraged bet on it like QSPIX does- the idea of making a leveraged bet on something that (unleveraged) can lose 82% in a year is insane IMHO. QSPIX is about 1/3 CS MOM and it is scaled for volatility and it has MOM outside of e...
by grap0013
Mon Jul 10, 2017 8:40 am
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

Re: My Favorite Alternative Funds

What sort of risk story could be behind Momentum though? Dave I wish there was a risk story then it'd be easier to swallow. The data is what it is however. It is as robust as value and small IMO. I cannot ignore it and have to put some :moneybag :moneybag there. I should see if I can find the month...
by grap0013
Mon Jul 10, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

Re: My Favorite Alternative Funds

Well I'm pretty disappointed with QSPNX, which has been flat for the past 1.5 years: http://i66.tinypic.com/a1sih2.jpg That's a short time frame. Patience. Equity premium can be negative for significantly long times, you have to expect the same could happen here. Although with the 4 factors I think...
by grap0013
Sun Jul 09, 2017 9:49 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

Re: My Favorite Alternative Funds

Fund Example: LENDX Purchase: Stone Ridge Did you manage to buy this fund directly from Stone Ridge? If not, how did you manage it? I'm still 15% QSPIX, 5% QMHIX for the record. I'm in the homework phase of these other funds. Plus moving money around may subject any backdoor Roths to pro rata rules...
by grap0013
Sun Jul 09, 2017 9:43 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

Re: My Favorite Alternative Funds

Thanks for laying these out in such a convenient table. We use QSPIX, LENDX and SRRIX for ~20 percent of our portfolio. The fees are very hard to swallow and something that I hope will come down with time but the diversification benefit suits us. That's why I try to look at annualized returns net o...
by grap0013
Sun Jul 09, 2017 9:29 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

Re: My Favorite Alternative Funds

Really what has fueled interest in these type of instruments is the desire for a good bond substitute. Wasn't too awful long ago that you could get 6% returns from bonds with minimal risk and minimal correlation to the stock market. Well, your bond yields are more like 2% to 3%, even a 30 year US T...
by grap0013
Sun Jul 09, 2017 9:18 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

Re: My Favorite Alternative Funds

I'd be careful with Lending Club. I own notes there and have kept up with the goings on in business there and trends with their lending. There's a big outflow from lenders (including me) and lots of former proponents have soured (and shown their monthly profits which have turned into monthly losses...
by grap0013
Sun Jul 09, 2017 9:16 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

Re: My Favorite Alternative Funds

How did you determine hypothetical 2008 performance? QSPIX - interview with AQR folks QMHIX - TS MOM index was +20%, high volatility version implies 50% higher returns, but you know how that goes. LENDX - Larry S. I was being conservative with -5%. Any estimate needs at least 5% error bars on eithe...
by grap0013
Thu Jul 06, 2017 10:27 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 184
Views: 21352

My Favorite Alternative Funds

Putting all of my favorite alternative funds in one place. If you do not like alternative funds and want to peddle total stock market please refrain from chiming in. You are not my intended audience. This is for folks interested in funds outside traditional stocks and bonds. Style Premia Alternative...
by grap0013
Mon Jun 26, 2017 7:08 am
Forum: Investing - Help with Personal Investments
Topic: Allocation Decisions: LENDX, SRRIX and QSPIX
Replies: 51
Views: 5611

Re: Allocation Decisions: LENDX, SRRIX and QSPIX

Uuuuummmmm....... this is one the most ridiculous correlation matrixes I have ever seen: https://www.portfoliovisualizer.com/asset-correlations?s=y&symbols=DFSVX%2C+DISVX%2C+DFEVX%2C+VFITX%2C+QSPIX%2C+QMHIX%2C+LENDX%2C+SRRIX&endDate=06%2F25%2F2017&timePeriod=1&numTradingDays=60 It's hard not to like...
by grap0013
Fri Jun 23, 2017 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Allocation Decisions: LENDX, SRRIX and QSPIX
Replies: 51
Views: 5611

Re: Allocation Decisions: LENDX, SRRIX and QSPIX

What's the easiest way to view the returns of LENDX and SRRIX? I'm having a hard time finding this. Bloomberg has them. Unfortunately, Morningstar doesn't. I made a request for them to be added but they have not as of yet. Would be nice to have for Portfolio X-Ray purposes more than anything. https...
by grap0013
Thu Jun 22, 2017 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation Decisions: LENDX, SRRIX and QSPIX
Replies: 51
Views: 5611

Re: Allocation Decisions: LENDX, SRRIX and QSPIX

What's the easiest way to view the returns of LENDX and SRRIX? I'm having a hard time finding this.
by grap0013
Thu Jun 22, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation Decisions: LENDX, SRRIX and QSPIX
Replies: 51
Views: 5611

Re: Allocation Decisions: LENDX, SRRIX and QSPIX

QSPIX has been essentially flat since the end of 2015. Does this worry anyone? Nope. FWIW, which is very little, it has done better than Vanguard's Market Neutral fund VMNFX since 1/1/16. Me either. Not at all. It's not much different than EM being flat the past 10 years. Although I do expect QSPIX...
by grap0013
Thu Jun 22, 2017 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Allocation Decisions: LENDX, SRRIX and QSPIX
Replies: 51
Views: 5611

Re: Allocation Decisions: LENDX, SRRIX and QSPIX

I feel like getting access to LENDX or SRRIX you need to be part of some secret society or something. What gives? If I go to my local fee based hourly financial can she get me access to these funds if I pay her $200 for 1 hour? Or do I have to do a secret knock, look to the east, cluck 3 times like ...
by grap0013
Mon Jun 19, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Considering Larry portfolio for a portion of portfolio
Replies: 5
Views: 651

Re: Considering Larry portfolio for a portion of portfolio

I suggest:

VBR
FNDC
50:50 FNDE:DGS

Tilts abound. Pretty darn liquid and fees are reasonable. Gives you a bunch of different sources of return.
by grap0013
Mon Jun 19, 2017 7:13 am
Forum: Investing - Theory, News & General
Topic: Your Favorite Portfolio Tilts
Replies: 86
Views: 7784

Re: Your Favorite Portfolio Tilts

70% total market, 20% small value and 10% REITs. There are many tilts like it, but this one is mine. I think your combination is the best one in this thread. Why? It's like saying I have return sources of: 70% A 20% B 10% C A dominates the returns. If it does poorly it hurts more. Would it not be b...
by grap0013
Sat Jun 17, 2017 4:57 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Portfolio Tilts
Replies: 86
Views: 7784

Re: Your Favorite Portfolio Tilts

I'm a tilting junkie. I have tilts to the following:

Value
Small
TS MOM
CS MOM
Carry
Defensive (similar to low volatility)
by grap0013
Wed Jun 14, 2017 12:42 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Persistence Of The Value Premium
Replies: 47
Views: 5848

Re: Larry Swedroe: Persistence Of The Value Premium

My dates were not cherry picked. They happened after the Larry's article was published and updated recently to show the same results. Also the point was to include a time period where SCV funds were getting more & more AUM which at some point (maybe it already has) will effect future returns. In lo...
by grap0013
Wed Jun 14, 2017 7:15 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Persistence Of The Value Premium
Replies: 47
Views: 5848

Re: Larry Swedroe: Persistence Of The Value Premium

You cannot except SCV to outperform every 5 year period. That's not the intention of the strategy. More so, you get solid returns with the Larry Portfolio 30:70 with some serious left tail hedging. Over longer time periods I do expect a 30:70 tilted to get similar returns of a higher equity strateg...
by grap0013
Tue Jun 13, 2017 2:23 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Persistence Of The Value Premium
Replies: 47
Views: 5848

Re: Larry Swedroe: Persistence Of The Value Premium

I'm a value investor. But a large cap value investor. I like to invest in dominate stocks/companies that throw off dividends that are extremely hard to compete with (Think Coke Cola). In my mind do I want to invest in a battleship or a little speed boat. I think their are millions of people who thi...
by grap0013
Tue Jun 13, 2017 7:20 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Persistence Of The Value Premium
Replies: 47
Views: 5848

Re: Larry Swedroe: Persistence Of The Value Premium

I think the biggest risk is a long period of underperformance like we have had since 2012. If you look at LP Underperformance vs. benchmarks presented at the time shows this: 30/70 LP (30% DFSVX, 70% VBMFX) 34.0% total / 5.5% annualized 60/40 (60% VTSMX, 40% VBMFX) 69.2% total / 10.0% annualized 50...
by grap0013
Mon Jun 12, 2017 2:59 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Persistence Of The Value Premium
Replies: 47
Views: 5848

Re: Larry Swedroe: Persistence Of The Value Premium

I have come to the conclusion that if the average investor thinks he/she can simply invest in VBR instead of VTI and make more money, he/she is likely to be disappointed. It simply cannot be that easy. Looking at the portfolio growth chart in the time frame from 2005 to end of May 2017, VBR (Vangua...
by grap0013
Fri May 26, 2017 12:37 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value Premium: Risk Or Mispricing
Replies: 42
Views: 2881

Re: Larry Swedroe: Value Premium: Risk Or Mispricing

I think fundamental indexing is mostly marketing / packaging. I don't think it offers anything beyond an intelligently run cap weighted passive fund with the same factor exposures. Dave You've got your "mostly" in the wrong sentence up there. :) It's mostly a smart way to capture premiums outside o...
by grap0013
Fri May 26, 2017 12:24 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value Premium: Risk Or Mispricing
Replies: 42
Views: 2881

Re: Larry Swedroe: Value Premium: Risk Or Mispricing

avalpert wrote: Or you can compare it to a cap-weighted small fund like SCZ and then decide if it is a gimmick or not...
I was just illustrating a multifactor to no factor comparison. You're right, one should compare small to small if wanting to secret value sauce.
by grap0013
Fri May 26, 2017 7:11 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value Premium: Risk Or Mispricing
Replies: 42
Views: 2881

Re: Larry Swedroe: Value Premium: Risk Or Mispricing

Grap, out of curiosity, do you use the ftse rafi funds or the russell rafi funds? I use the russell rafi funds for intl scv and em value. I use the Russell funds. When you back test them against each other the annualized difference was minor from what I've heard ~10 basis points. Plus I cannot buy ...
by grap0013
Thu May 25, 2017 3:29 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value Premium: Risk Or Mispricing
Replies: 42
Views: 2881

Re: Larry Swedroe: Value Premium: Risk Or Mispricing

https://blog.alphaarchitect.com/2017/05/24/value-premium-risk-mispricing/#gs.z8cb1OM First, some sort of quality screen after screening for typical value metric adds lots of value. Dave Shortly after I became a member of this forum in 2010 I was saying that logic about the RAFI Fundamental Indexes....
by grap0013
Tue May 16, 2017 2:08 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe Article On Enhancing Momentum Strategies
Replies: 60
Views: 6653

Re: Larry Swedroe Article On Enhancing Momentum Strategies

Same here. I have access to all Fido funds and could probably get my ER to <0.1, but alas, I heavily tilt and my ER is something like ~0.55. No guarantees my strategy will do what I want it to for the price but I think it's the best way to invest. Whatever helps one stay the course! There are those...
by grap0013
Tue May 16, 2017 8:19 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe Article On Enhancing Momentum Strategies
Replies: 60
Views: 6653

Re: Larry Swedroe Article On Enhancing Momentum Strategies

Same here. I have access to all Fido funds and could probably get my ER to <0.1, but alas, I heavily tilt and my ER is something like ~0.55. No guarantees my strategy will do what I want it to for the price but I think it's the best way to invest. Whatever helps one stay the course! There are those...
by grap0013
Mon May 15, 2017 12:26 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe Article On Enhancing Momentum Strategies
Replies: 60
Views: 6653

Re: Larry Swedroe Article On Enhancing Momentum Strategies

Same here. Most Bogleheads would scoff at some of the expense ratios for funds that I am currently holding, but I believe that they are the least expensive funds that are available to me that meet the requirements that I have established. Should less expensive funds arise that I have access to, I w...
by grap0013
Thu May 11, 2017 11:48 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe Article On Enhancing Momentum Strategies
Replies: 60
Views: 6653

Re: Larry Swedroe Article On Enhancing Momentum Strategies

Not a factor person, but might not new factors, even if they don't improve the portfolio return, be useful to reduce variance if they are uncorrelated? ^^^Agreed. That's why people own gold even though its historic return approximates inflation. So far Larry's ALT favs QSPIX and QMHIX have displaye...
by grap0013
Tue May 09, 2017 9:19 am
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 250
Views: 43225

Re: I'm Calling an Emerging Markets Bottom

^^^ Of course! I'm a nice guy. We've got several years of EM gains before they get frothy. Don't hold your breath.
by grap0013
Mon May 08, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 250
Views: 43225

Re: I'm Calling an Emerging Markets Bottom

Great thread. I am curious if OP has any other contrarian bets for us. Energy? I haven't heard anything about energy. Good or bad. But if you get negative sentiment + ripe valuations or positive sentiment + excessive valuations that will be your signal. Remember this forum does not count as your se...
by grap0013
Mon May 08, 2017 12:12 pm
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 250
Views: 43225

Re: I'm Calling an Emerging Markets Bottom

I apologize for resurrecting a "Zombie Thread". But after a search on EM I found this and just read through the whole thread. I am impressed at the timing of OP's EM bottom call. I guess I was very curious if those who rode the wave are hanging tight or already sold to rebalance? EM still seems att...
by grap0013
Mon May 08, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Small cap value tilt portfolio review
Replies: 25
Views: 2546

Re: Small cap value tilt portfolio review

Because small cap stocks often perform quite differently than the large cap stocks. I would limit my small cap value to only 10%, did you look at the VTWV Vanguard Russell 2000 Value ETF rather than using both VIOV and VISVX? I think the tilt is too extreme, IMHO. I prefer the 3 fund portfolio. I w...