Search found 6952 matches

by grok87
Wed Aug 17, 2016 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Core Account (Money Market)
Replies: 3
Views: 505

Re: Fidelity Core Account (Money Market)

datamonkee wrote:Thanks for the info. That does clear things up.

you're welcome.
by grok87
Tue Aug 16, 2016 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Core Account (Money Market)
Replies: 3
Views: 505

Re: Fidelity Core Account (Money Market)

Between me and some family members Fidelity accounts, I am seeing some weird (to me) stuff going on with the money market core funds (funds used as liquid cash for transactions): 1. A new core account (CORE**) is added. The old core account is still present, but it looks like every other mutual fun...
by grok87
Sat Aug 13, 2016 8:29 pm
Forum: Investing - Theory, News & General
Topic: Convexity and concavity with bonds and interest rates
Replies: 7
Views: 703

Re: Convexity and concavity with bonds and interest rates

It's really difficult to judge bond funds without understanding what the real duration is. If I were to hold, say, total BND instead of intermediate treasuries, I'd need to know what the 20% MBS really is. well this link may be helpful: https://www.tcw.com/~/media/Downloads/TCW_Funds/Monthly_Charac...
by grok87
Sat Aug 13, 2016 8:20 am
Forum: Investing - Theory, News & General
Topic: Convexity and concavity with bonds and interest rates
Replies: 7
Views: 703

Re: Convexity and concavity with bonds and interest rates

Cool, thanks. Is there any way to roughly estimate convexity when it's not listed? you're welcome. the simplest example is for non-callable zero coupon bonds. See page 8 of this: http://pages.stern.nyu.edu/~jcarpen0/courses/b403333/07convexh.pdf they state that for a zero coupon bond, duration~matu...
by grok87
Fri Aug 12, 2016 11:39 pm
Forum: Investing - Theory, News & General
Topic: Convexity and concavity with bonds and interest rates
Replies: 7
Views: 703

Re: Convexity and concavity with bonds and interest rates

As I understand it, certain bonds (or bond funds) tend to move towards longer or shorter duration in the face of changing interest rates or inflation. Mortgage-backed securities, for example, extend in effective duration when interest rates rise, whereas I've read that treasuries may have a slight ...
by grok87
Fri Aug 12, 2016 8:47 pm
Forum: Investing - Theory, News & General
Topic: How Fama, Shiller, Taleb, Kahneman, Thaler ... compare?
Replies: 42
Views: 3074

Re: How Fama, Shiller, Taleb, Kahneman, Thaler ... compare?

I think there is a case for starting a couple of books. Say maybe Kahneman's "thinking fast and slow" and something by Taleb and/or Thaler. Kahneman's "thinking fast and slow" is great but very dense and academic IMHO. I think it could be easy to "give up". I would lea...
by grok87
Fri Aug 12, 2016 3:03 pm
Forum: Investing - Theory, News & General
Topic: How Fama, Shiller, Taleb, Kahneman, Thaler ... compare?
Replies: 42
Views: 3074

Re: How Fama, Shiller, Taleb, Kahneman, Thaler ... compare?

The one quibble is that Taleb is in fact an academic! :) Another quibble: He is not an engaging writer. i find him engaging but also think he would not be to everyone's taste. back to the mission of giving some helpful advice to OP. I have read books by Shiller (Irrational exbuerance), Taleb (vario...
by grok87
Fri Aug 12, 2016 12:44 pm
Forum: Investing - Theory, News & General
Topic: How Fama, Shiller, Taleb, Kahneman, Thaler ... compare?
Replies: 42
Views: 3074

Re: How Fama, Shiller, Taleb, Kahneman, Thaler ... compare?

I'll bite. Anyone feel free to correct me where I'm wrong. I put the writers you've listed into three groups: Fama Kahneman, Thaler, Shiller Taleb Fama is a believer in efficient markets. Not that there's not error, it's just that the error is not systematic, and when it exists, it gets quickly cor...
by grok87
Fri Aug 12, 2016 9:49 am
Forum: Investing - Theory, News & General
Topic: How Fama, Shiller, Taleb, Kahneman, Thaler ... compare?
Replies: 42
Views: 3074

Re: How Fama, Taleb, Kahneman ... compare?

Hi friends, I'm looking to get an overview of how the works of Eugene Fama, Robet Shiller, Taleb, Kahneman, Thaler, etc., interrelate with each other, how they compare/contrast? How to mentally categorize them (like which camp they belong to). Also want to get an idea whose works are more rigorous,...
by grok87
Sun Aug 07, 2016 6:29 pm
Forum: Investing - Theory, News & General
Topic: et tu, Vanguard? Stock/Bond zig-zag myth
Replies: 58
Views: 4436

Re: et tu, Vanguard? Stock/Bond zig-zag myth

JoMoney wrote:I'm just going to leave this here for the consideration of anyone who thinks long-term bonds are a panacea
Image
Link

nice chart. point taken
by grok87
Sun Jul 31, 2016 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to Understand TIPS
Replies: 4
Views: 496

Re: Trying to Understand TIPS

I know TIPS pay a percentage rate above inflation, but I can't figure out just how much. Here's the table for 2016 TIPS auctions from this site: https://www.treasurydirect.gov/instit/annceresult/annceresult.htm Security Term CUSIP Reopening Issue Date Maturity Date High Yield Interest Rate 10-Year ...
by grok87
Thu Jul 21, 2016 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Boglehead Wisdom & Portfolio Advice
Replies: 23
Views: 1957

Re: Review with one suggestion

Re the metropolitan bond fund, not sure when you bought this, but this fund has lagged the barclays aggregate bond index in 2014, 2015 and ytd 2016. http://performance.morningstar.com/fund/performance-return.action?t=MWTRX&region=usa&culture=en_US Thanks for the link, grok. I first bought s...
by grok87
Thu Jul 21, 2016 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Boglehead Wisdom & Portfolio Advice
Replies: 23
Views: 1957

Re: Review with one suggestion

Taylor, Many thanks for your reply and your patience! Actually, the main percentage I posted is the total for the portfolio for that particular fund. The percentage in ()'s is the percentage of the fund in the particular account. Thus, Total U.S. Stock Market and Total Vanguard Bond are each 18% of...
by grok87
Thu Jul 21, 2016 1:04 am
Forum: Investing - Help with Personal Investments
Topic: Seeking Boglehead Wisdom & Portfolio Advice
Replies: 23
Views: 1957

Re: Review with one suggestion

Taylor, Many thanks for your reply and your patience! Actually, the main percentage I posted is the total for the portfolio for that particular fund. The percentage in ()'s is the percentage of the fund in the particular account. Thus, Total U.S. Stock Market and Total Vanguard Bond are each 18% of...
by grok87
Mon Jul 18, 2016 7:28 pm
Forum: Investing - Theory, News & General
Topic: Malkiel Recommends Preferred Stocks
Replies: 15
Views: 1498

Re: Malkiel Recommends Preferred Stocks

I would avoid preferred shares. They are netiher fish nor fowl, neither equity or bonds. The yield may be tempting but their is a fundamental problem of alignment. See these threads ... https://www.bogleheads.org/forum/viewtopic.php?t=67727 ... http://boards.fool.com/quotwaldenizedquot-28160296.asp...
by grok87
Mon Jul 18, 2016 3:27 pm
Forum: Investing - Theory, News & General
Topic: Malkiel Recommends Preferred Stocks
Replies: 15
Views: 1498

Re: Malkiel Recommends Preferred Stocks

I always laugh at recommendations. Malkiel has recommended a lot of things. So what? Malkiel probably isn't as astute as you and I are, but let's give him a fair hearing. After all he's a former Vanguard director and is reputed to know a thing or two about investing. Always look at motivation. Let'...
by grok87
Sun Jul 17, 2016 7:12 pm
Forum: Investing - Theory, News & General
Topic: Malkiel Recommends Preferred Stocks
Replies: 15
Views: 1498

Re: Malkiel Recommends Preferred Stocks

I would avoid preferred shares. They are netiher fish nor fowl, neither equity or bonds. The yield may be tempting but their is a fundamental problem of alignment. See these threads ... https://www.bogleheads.org/forum/viewtopic.php?t=67727 ... http://boards.fool.com/quotwaldenizedquot-28160296.aspx...
by grok87
Fri Jul 15, 2016 3:11 am
Forum: Investing - Theory, News & General
Topic: 2016 hedge fund contest
Replies: 175
Views: 12335

Re: 2016 hedge fund contest

Norbert Schlenker wrote:S'dun.

Thank you Norbert.
by grok87
Wed Jul 13, 2016 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Boglehead Wisdom & Portfolio Advice
Replies: 23
Views: 1957

Re: Seeking Boglehead Wisdom & Portfolio Advice

You're welcome. Yeah "stranger" is a good book. Working with vanguard planner is a good idea. But ultimately it is your decision, your risk tolerance that matters. Here's the way i currently think about it. What if the stock market crashed by 50% and stayed down for 10-20 years. This may s...
by grok87
Wed Jul 13, 2016 8:12 pm
Forum: Investing - Theory, News & General
Topic: 2016 hedge fund contest
Replies: 175
Views: 12335

Re: 2016 hedge fund contest

Norbert Schlenker wrote:A couple of inquiries by PM for a new edition of the hedge fund contest, so let's see how many of you are interested enough to enter for 2016. I'm going to stick pretty much with the 2015 rules because they seemed to work well.

As tanelorn points out there seems to be a data issue right now...
by grok87
Tue Jul 12, 2016 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Boglehead Wisdom & Portfolio Advice
Replies: 23
Views: 1957

Re: Seeking Boglehead Wisdom & Portfolio Advice

Hi psunique, Congratulations on posting your portfolio. I'm sure that took some time and effort. A couple of high level observations: 1) percentages are fine. But we need to know the various types of accounts these funds are in. Taxable? Tax deferred? Tax-free? Keeping everything to a percentage of ...
by grok87
Sun Jul 10, 2016 12:07 am
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 334
Views: 52783

Re: An alternative to alternative investments [QSPIX]

makes no sense to use the less leveraged one as more expensive, just put in less money into the more leveraged fund Well I understand the argument you are making. The one year performance figures in the links below bear out that argument. For the last 1 year, QSPIX is up 10.65% and QSLIX is up 5.33...
by grok87
Sat Jul 09, 2016 11:48 pm
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 334
Views: 52783

Re: An alternative to alternative investments [QSPIX]

makes no sense to use the less leveraged one as more expensive, just put in less money into the more leveraged fund Well I understand the argument you are making. The one year performance figures in the links below bear out that argument. For the last 1 year, QSPIX is up 10.65% and QSLIX is up 5.33...
by grok87
Sat Jul 09, 2016 2:10 pm
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 334
Views: 52783

Re: An alternative to alternative investments [QSPIX]

I had researched this fund to attempt to understand its role within a diversified portfolio, and although I am feeling more knowledgeable in general terms, I have hesitated for two reasons. First, the ER is high relative to my other holdings, and it makes me pause, being a Boglehead at heart. But, ...
by grok87
Thu Jul 07, 2016 7:35 pm
Forum: Investing - Theory, News & General
Topic: Commodities fund COMT (ishares)
Replies: 14
Views: 1237

Re: Commodities fund COMT (ishares)

Bumping this one to mention I just went with PDBC at 0.60% ER, which is a commodities broad basket fund, which only produces a 1099 (so no K-1). It's also a regular ETF (so not an ETN). Seemed like the best deal out there, for a non K-1 producing, broad basket commodities ETF. thanks. i have my eye...
by grok87
Thu Jul 07, 2016 7:07 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: 6/22, 0.8% yield?
Replies: 18
Views: 2440

Re: 30 yr TIPs auction: 6/22, 0.8% yield?

30 yr tips now at 0.53%!!!

If they go any lower i won't be able to buy then anymore (as per my IPS). Thanks David Cameron. /s
by grok87
Wed Jul 06, 2016 5:58 pm
Forum: Investing - Theory, News & General
Topic: Commodities fund COMT (ishares)
Replies: 14
Views: 1237

Re: Commodities fund COMT (ishares)

Bumping this one to mention I just went with PDBC at 0.60% ER, which is a commodities broad basket fund, which only produces a 1099 (so no K-1). It's also a regular ETF (so not an ETN). Seemed like the best deal out there, for a non K-1 producing, broad basket commodities ETF. thanks. i have my eye...
by grok87
Wed Jul 06, 2016 5:57 pm
Forum: Investing - Theory, News & General
Topic: 2016 hedge fund contest
Replies: 175
Views: 12335

Re: 2016 hedge fund contest

Ok i'll bite. How did you pick those 4 shorts? I could tell you it was deep fundamental research into flawed or fraudulent businesses, or complex quant models with robust statistical backtests, or novel alpha from underappreciated and obscure data sources, or even that I used my connections with sh...
by grok87
Sun Jul 03, 2016 12:44 pm
Forum: Investing - Theory, News & General
Topic: 2016 hedge fund contest
Replies: 175
Views: 12335

Re: 2016 hedge fund contest

short portfolio, which is spread across the energy, real estate, and software sectors (and The above short portfolio would have had a performance of +82.8%, which as of today would just beat the current 2nd place portfolio at +82.3% (Two Gas Wonder, by FinancialDave). Don't let an up market fool yo...
by grok87
Sat Jul 02, 2016 9:16 am
Forum: Investing - Theory, News & General
Topic: 2016 hedge fund contest
Replies: 175
Views: 12335

Re: 2016 hedge fund contest

A day late, but the mid-year standings have Tanelorn in a solid lead: Bogleheads 2016 Hedge Fund Contest :: Fund List Rolling it all on SIXD, which is in the midst of contesting a delisting due to regulatory non-compliance (SEC FORM 8-K ). It looks like trading has been suspended: Nasdaq Issues Pen...
by grok87
Tue Jun 28, 2016 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Is FALN an actively mgd ETF? [iShares U.S. Fallen Angels]
Replies: 11
Views: 728

Re: Is FALN an actively mgd ETF? [iShares U.S. Fallen Angels]

There is also the distinction between a BS passive index and a real passive index. ETF.com describes this fund thusly: The iShares Fallen Angels USD Bond ETF tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade http...
by grok87
Tue Jun 28, 2016 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Is FALN an actively mgd ETF? [iShares U.S. Fallen Angels]
Replies: 11
Views: 728

Re: Is FALN an actively mgd ETF? [iShares U.S. Fallen Angels]

Well how come ANGL has an intraday indicative value but FALN does not?
by grok87
Mon Jun 27, 2016 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Is FALN an actively mgd ETF? [iShares U.S. Fallen Angels]
Replies: 11
Views: 728

Re: Is FALN an actively mgd ETF? [iShares U.S. Fallen Angels]

thanks Paul and alpenglow. what do you make of this language from the prospectus: the Fund generally will invest at least 90% of its assets in the component securities of the Underlying Index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equival...
by grok87
Mon Jun 27, 2016 10:25 pm
Forum: Forum Issues and Administration
Topic: BH [Bogleheads.org forum] is back!
Replies: 51
Views: 5199

Re: BH [Bogleheads.org forum] is back!

FrugalInvestor wrote:Thanks for everything you and mingstar do LadyGeek!

+1
by grok87
Mon Jun 27, 2016 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Is FALN an actively mgd ETF? [iShares U.S. Fallen Angels]
Replies: 11
Views: 728

Is FALN an actively mgd ETF? [iShares U.S. Fallen Angels]

So ishares just launched a new bond etf for fallen angel high yield bonds. I'm pretty sure it is actively managed but i'm not sure. Read the prospectus you say? Well i tried to https://www.sec.gov/Archives/edgar/data/1100663/000119312516622492/d208492d497k.htm It seems to be filled with weasel words...
by grok87
Sat Jun 25, 2016 3:17 pm
Forum: Investing - Theory, News & General
Topic: Alternative Investments
Replies: 5
Views: 594

Re: Alternative Investments

Some alternatives for consideration: Direct real estate: for example tiaa real estate account Vanguard market neutral fund Commodity futures funds (?) The last one is tricky and somewhat debatable. Tricky because issues like k-1s can come up. Debatable because IMHO commodity futures may only make se...
by grok87
Wed Jun 22, 2016 12:11 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: 6/22, 0.8% yield?
Replies: 18
Views: 2440

Re: 30 yr TIPs auction: 6/22, 0.8% yield?

This thing is starting to look like a 30 year inflation zero. The coupon is just about the amount needed to cover the tax on the OID. Cool. :beer (Nevertheless I'm not going out to 30 years without real rates in the 2.5 to 3.0% range.) thanks Doc. good to hear from you! (just watched "the Mart...
by grok87
Wed Jun 22, 2016 12:10 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: 6/22, 0.8% yield?
Replies: 18
Views: 2440

Re: 30 yr TIPs auction: 6/22, 0.8% yield?

Angst wrote:It looks like it might creep up as far as 0.92%
We should know soon.

we got 0.905% yield. i'm relatively happy with a 9 handle
by grok87
Mon Jun 20, 2016 4:46 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: 6/22, 0.8% yield?
Replies: 18
Views: 2440

Re: 30 yr TIPs auction: 6/22, 0.8% yield?

Yield on the secondary mkt now 0.89%, i'm hoping we might get to 0.90% at wednesday's auction...
by grok87
Fri Jun 17, 2016 5:23 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: 6/22, 0.8% yield?
Replies: 18
Views: 2440

Re: 30 yr TIPs auction: 6/22, 0.8% yield?

As much as I love TIPS, I've always found it tough to invest in individual long term bonds. So much can happen in 30 years. I agree that the 30 year TIPS is a good relative buy compared to nominal Treasuries, but I'm not convinced they are a great absolute value. I'd be much more interested in inve...
by grok87
Fri Jun 17, 2016 2:16 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: 6/22, 0.8% yield?
Replies: 18
Views: 2440

Re: 30 yr TIPs auction: 6/22, 0.8% yield?

As much as I love TIPS, I've always found it tough to invest in individual long term bonds. So much can happen in 30 years. I agree that the 30 year TIPS is a good relative buy compared to nominal Treasuries, but I'm not convinced they are a great absolute value. I'd be much more interested in inve...
by grok87
Fri Jun 17, 2016 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on liquidating managed covered calls account
Replies: 6
Views: 518

Re: Thoughts on liquidating managed covered calls account

That being said, my bias would be to dump the covered calls portfolio. My sense is that you may be thinking of this as some sort of bond substitute? It is not. Selling covered cAlls may not make a lot of sense to me for someone in your pre-retirement situation. They have limited upside but retain a...
by grok87
Fri Jun 17, 2016 8:58 am
Forum: Investing - Theory, News & General
Topic: new commodity ETF PDBC
Replies: 9
Views: 1238

Re: new commodity ETF PDBC

so it's a year and half later and we now have more data on PDBC. re the active management thing, yeah that concerns me. but i think it may be really passive. it seems to track its sister index fund DBC very closely http://finance.yahoo.com/echarts?s=PDBC+Interactive#{%22range%22:%222y%22,%22allowCha...
by grok87
Thu Jun 16, 2016 9:51 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: 6/22, 0.8% yield?
Replies: 18
Views: 2440

Re: 30 yr TIPs auction: 6/22, 0.8% yield?

According to the auction announcement PDF file only $5b is being offered. This compares to $7b that was sold at the reopening June of last year. (See 30-year TIPS auctions .) And note, as Grok says, that the auction is on Wednesday, not the usual Thursday. If one is building a TIPS ladder and needs...
by grok87
Thu Jun 16, 2016 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on liquidating managed covered calls account
Replies: 6
Views: 518

Re: Thoughts on liquidating managed covered calls account

I'm semi-retired now at a couple months shy of 59. Working just minimally enough to cover expenses without having to dip into any savings. I have around $250K in a managed calls account and the rest in Vanguard index funds, around $825K. Wondering if I should keep the calls account or consolidate i...
by grok87
Thu Jun 16, 2016 12:44 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: 6/22, 0.8% yield?
Replies: 18
Views: 2440

Re: 30 yr TIPs auction: 6/22, 0.8% yield?

I'm in too Grok. I have no crystal ball to assist me, so I'm just building the ladder with what the new issue market provides me over time. I can imagine that just 20 years out from now the EE bonds that I also purchased this year will in retrospect look like better investments, but who knows? I fe...
by grok87
Thu Jun 16, 2016 8:29 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: 6/22, 0.8% yield?
Replies: 18
Views: 2440

30 yr TIPs auction: 6/22, 0.8% yield?

The treasury is expected to announce later today that there will be a 30 year TIPs auction on wednesday 6/22. The bonds are currently trading on the secondary market at a real yield of 0.78%. I'm hoping we will see maybe 0.8% at the auction. You can place your orders at vanguard later today or tomor...
by grok87
Fri Apr 29, 2016 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Options
Replies: 2
Views: 349

Re: Backdoor Roth Options

2) The only other fund the Fidelity plan offers that I'd entertain is FTBFX (Fidelity Total Bond). In that case I just transfer VIPSX and VFITX in the Rollover for FTBFX in the Fidelity 401K and I'm done (but this breaks Grok's Tip #1). Thoughts? Anything I'm missing? Thanks in advance. Well i woul...
by grok87
Sat Apr 09, 2016 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 1099 R and 10% additional tax
Replies: 15
Views: 987

Re: Help with 1099 R and 10% additional tax

vlgtn2020 wrote:Great! good to hear.

Looks like I need to talk to Vanguard and get the 1099 R fixed. Probably the code is incorrect.

Thanks for your time.

yep

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