Search found 113 matches

by gtwhitegold
Fri Feb 05, 2016 8:15 pm
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 129
Views: 14410

Re: QSPIX Nightmare - Closed Off to Retail Investors

Scottrade has almost completely locked out AQR funds for retail investors. I recently created positions in QSPNX at Fidelity. Here is an example of the message that I'm now seeing in my Scottrade account for AQR funds: QSPIX is an Advisor Class fund, which is available to investors who are working w...
by gtwhitegold
Sun Jan 31, 2016 8:56 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1078
Views: 117935

Re: QSPIX - thoughts on interesting fund

Upon review of the proposal, it would greatly depend upon how the rule was written whether or not it would actually require AQR to reduce leverage of their hedge fund style funds. I have not read the SEC proposal, but I believe that one possible solution is to do something similar to what PIMCO is d...
by gtwhitegold
Sun Jan 31, 2016 8:25 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1078
Views: 117935

Re: QSPIX - thoughts on interesting fund

I have not read the SEC proposal, but I believe that one possible solution is to do something similar to what PIMCO is doing with the PLUS series of funds which have half of their portfolio implemented using total return swaps. If that's the case, AQR may not have any actual transactions aside from ...
by gtwhitegold
Fri Jan 29, 2016 9:22 pm
Forum: Investing - Theory, News & General
Topic: "Are You Holding Your Assets in the Right Types of Accounts?"
Replies: 5
Views: 1533

Re: "Are You Holding Your Assets in the Right Types of Accounts?"

I agree, but I don't implement it like that because my traditional TSP doesn't have the fixed income funds that I want. All of my IRAs and a growing part of my TSP are Roth contributions. I'm hoping for TSP in plan conversions in the future. It also makes sense to adjust between Traditional/Roth IRA...
by gtwhitegold
Fri Jan 29, 2016 9:12 pm
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 129
Views: 14410

Re: QSPIX Nightmare - Closed Off to Retail Investors

Hopefully Fidelity will keep all of the currently available AQR funds open. I still want to start a position in QMHNX, QEENX, and QCENX, and their institutional counterparts.
by gtwhitegold
Fri Jan 29, 2016 4:08 pm
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 129
Views: 14410

Re: QSPIX Nightmare - Closed Off to Retail Investors

I have thought about moving all of my shares to Fidelity as well. I just don't want to eat the $75 transfer fee. I sent Scottrade a message in my account for them to waive the transfer fee since the only reason I set up a Scottrade account was access to AQR funds. Below is proof that I can't persona...
by gtwhitegold
Fri Jan 29, 2016 11:21 am
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 129
Views: 14410

Re: QSPIX Nightmare - Closed Off to Retail Investors

I don't see any purpose in using the LV version. I was trying to move all of my AQR funds over to Scottrade and rebalance over there, but I don't see a point if they have ceased operations in those funds. Looks like I have wasted time trying to do it and if I try to move the funds back to Fidelity, ...
by gtwhitegold
Fri Jan 29, 2016 10:57 am
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 129
Views: 14410

Re: QSPIX Nightmare - Closed Off to Retail Investors

I only show it as open when I am not logged in. When I do a search while I am logged in for AQR funds that are open to new investors, it shows 2 I funds and the rest are R6 funds. The only thing I can guess is that your computer is caching the old information. Below is a link to the list. https://dr...
by gtwhitegold
Fri Jan 29, 2016 7:50 am
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 74
Views: 7066

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

I wish that I had known about them pushing the date back. I rushed to open a position in QSPNX at Fidelity.
by gtwhitegold
Fri Jan 29, 2016 7:45 am
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 129
Views: 14410

Re: QSPIX Nightmare - Closed Off to Retail Investors

I think that AQR has completely cut ties with Scottrade. All of their funds are showing as closed on the Scottrade website. I just created a new position at Fidelity in QSPNX and my wife did likewise with our 2016 Roth IRA contributions.
by gtwhitegold
Thu Jan 28, 2016 7:06 am
Forum: Investing - Theory, News & General
Topic: 30Yr Mortgage or Sell Mutual Funds and Purchase House
Replies: 27
Views: 2222

Re: 30Yr Mortgage or Sell Mutual Funds and Purchase House

I haven't tried to take on any debt here in Japan, but how hard is it for a foreigner to get a loan? I agree. Debt free, no payments. Max out your savings rate. This is exactly what I do with everything. My wife and I pay cash for everything and major our retirement accounts, bought a business for c...
by gtwhitegold
Thu Jan 28, 2016 6:34 am
Forum: Investing - Theory, News & General
Topic: ETF.COM article critical of VWO & EEM
Replies: 25
Views: 1509

Re: "Top Emerging Market ETFs Are Flawed"

I mostly agree with you. I personally would prefer a fund that didn't specify exclude SOE, but required a higher threshold to include them. Granted, I do believe in factor investing, and I believe that the SOE factor should be treated the same as value and and momentum, but instead of trying to over...
by gtwhitegold
Tue Jan 26, 2016 3:17 am
Forum: Investing - Theory, News & General
Topic: Jeff Gundlach: How to Get a 12% Yield
Replies: 5
Views: 2385

Re: Jeff Gundlach: How to Get a 12% Yield

If I was going to have an active bond fund, Doubleline would probably be on the short list, but I'm not going to rely on his macro calls. I think that he is going out on a limb saying that EMs are likely to fall an additional 40%. http://www.etf.com/sections/features-and-news/gundlach-emerging-marke...
by gtwhitegold
Sat Jan 23, 2016 9:44 pm
Forum: Investing - Theory, News & General
Topic: Ranking List of Asset Classes by Valuation (like Callan Table)
Replies: 9
Views: 1015

Re: Ranking List of Asset Classes by Valuation (like Callan Table)

I think that nothing is certain. You are taking various levels of risk no matter what you invest in. I personally invest to allow for more travel and other activities when I retire from the workforce entirely, not just the military. As long as I complete the last few years of service required I will...
by gtwhitegold
Sat Jan 23, 2016 10:04 am
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 127
Views: 12452

Re: I'm Calling an Emerging Markets Bottom

I agree. Grap is very motivated when QSPIX becomes the topic. Hopefully I can move some money around next week to start a position in QSPIX vice having it all in QSPNX. Liquid Alternatives and EMV/EMSCV are going to be my focal point this year. Ha! I have to mix it up a little bit instead of always ...
by gtwhitegold
Fri Jan 22, 2016 7:03 am
Forum: Investing - Theory, News & General
Topic: Ranking List of Asset Classes by Valuation (like Callan Table)
Replies: 9
Views: 1015

Re: Ranking List of Asset Classes by Valuation (like Callan Table)

That's why you should maintain a set allocation and rebalance. However, I disagree with the degree of performance difference between US and EM stocks over the period of the next few years. The value differential is too great. Every blogger and new letter writer seems to do this. Search the site for ...
by gtwhitegold
Thu Jan 21, 2016 5:27 pm
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 127
Views: 12452

Re: I'm Calling an Emerging Markets Bottom

And EM as a whole, especially EM value is priced for the apocalypse. I'm not one to make calls on the market, but now seems like as good a time as any to rebalance into EM. I'm significantly below my target weight in EM, so I intend to invest most of my 2016 Roth IRA contributions into it. Too bad t...
by gtwhitegold
Thu Jan 14, 2016 6:02 am
Forum: Investing - Theory, News & General
Topic: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]
Replies: 73
Views: 7234

Re: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]

I personally tell my co-workers to us the TSP lifecycle funds that are closest to their prospective retirement date of a similar Vanguard fund if investing in an IRA before they do research and to be sure that they know what they are doing if they deviate from that. It's easier to stay the course if...
by gtwhitegold
Thu Jan 14, 2016 5:02 am
Forum: Investing - Theory, News & General
Topic: I'm curious if over-weighting equity investors still ok?
Replies: 92
Views: 6573

Re: I'm curious if over-weighting equity investors still ok?

And you can have a lower bond allocation if you extend your duration, which is what I have done. It seems many Bogleheads have recently dismissed age-in-bonds as overly conservative. Some have, arguably, found inventive ways to justify over-weighting stocks, such as counting pension/social security/...
by gtwhitegold
Thu Jan 14, 2016 3:39 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1078
Views: 117935

Re: QSPIX - thoughts on interesting fund

I apologize. What I was trying to say is that an equity long/short fund is not market neutral and does carry some market beta. Market beta can be obtained less expensively elsewhere, even through other AQR funds. I intend to use style premia and managed futures because they are traditionally less co...
by gtwhitegold
Thu Jan 14, 2016 12:09 am
Forum: Investing - Theory, News & General
Topic: I'm curious if over-weighting equity investors still ok?
Replies: 92
Views: 6573

Re: I'm curious if over-weighting equity investors still ok?

I don't think that anyone thinks that this is a contest aside from you. I personally have a high equity allocation because I have a high capacity for risk due to a current guaranteed income and a guaranteed pension later. I also won't actually retire for at least another 20 years barring injury or o...
by gtwhitegold
Wed Jan 13, 2016 11:33 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1078
Views: 117935

Re: QSPIX - thoughts on interesting fund

I personally won't invest in a long/short fund, I had rather specifically choose my longs, but AQR is the fund company that I will use whenever I can. I am going to invest in QMHNX and increase my holdings in QSPIX/QSPNX over the course of the year. I'm not sure what secret sauce AQR has cooked up, ...
by gtwhitegold
Wed Jan 13, 2016 11:19 pm
Forum: Investing - Theory, News & General
Topic: Rekenthaler Report
Replies: 5
Views: 782

Re: Rekenthaler Report

These are the conclusions that I hope most people drew from the article: There is more than 1 measure of value for a stock. They include P/E, P/B, P/CF, etc. Morningstar uses multiple metrics for value vice growth and considers the top and bottom 30% valuations as growth and value respectively. Ever...
by gtwhitegold
Wed Jan 13, 2016 6:09 pm
Forum: Investing - Theory, News & General
Topic: Could ETF's really "blow up"?
Replies: 8
Views: 1680

Re: Could ETF's really "blow up"?

I think that the article was more a complaint about closet indexers and liquidity than about indices themselves. I do agree about both aspects. I agree with both. If an active manager has any hope of outperforming a similar index after costs, he will likely have to significantly deviate from said in...
by gtwhitegold
Wed Jan 13, 2016 3:39 am
Forum: Investing - Theory, News & General
Topic: Rekenthaler Report
Replies: 5
Views: 782

Re: Rekenthaler Report

Nice article. I read it earlier. It covers the value premium pretty well in laymen's terms, but the article title is a little misleading.
by gtwhitegold
Tue Jan 12, 2016 7:34 am
Forum: Investing - Theory, News & General
Topic: AQR Statement Regarding SEC Derivatives Proposal
Replies: 2
Views: 384

Re: AQR Statement Regarding SEC Derivatives Proposal

I agree with AQR. Investors should read the prospectus and other documentation for each fund that they invest in. If you can't inform yourself about what you are investing in, then you deserve whatever you get. The SEC should be more about regulating whether or not fund companies are behaving in an ...
by gtwhitegold
Sun Jan 10, 2016 11:21 am
Forum: Investing - Theory, News & General
Topic: Has Your Bond Allocation Changed Recently?
Replies: 32
Views: 3103

Re: Has Your Bond Allocation Changed Recently?

I have recently considered adding bonds to my portfolio. I have been 100% equities since 2009. I will be adding long term TIPS and zero coupon treasuries incrementally throughout the year. I also think that unless there is rapid inflation, 2 25 basis point increases per year will be the Fed standard...
by gtwhitegold
Sun Jan 10, 2016 10:52 am
Forum: Investing - Theory, News & General
Topic: I'm curious if over-weighting equity investors still ok?
Replies: 92
Views: 6573

Re: I'm curious if over-weighting equity investors still ok?

I agree that age in bonds is rather arbitrary. I personally am only adding bonds and liquid alternatives to my portfolio for a rebalance bonus. I personally handled 2008 just fine being 100% stocks. Being comfortable with your allocation and knowing that it can provide when you want it to are the 2 ...
by gtwhitegold
Sun Jan 10, 2016 10:47 am
Forum: Investing - Theory, News & General
Topic: I'm curious if over-weighting equity investors still ok?
Replies: 92
Views: 6573

Re: I'm curious if over-weighting equity investors still ok?

I have 99% of my portfolio in stocks and around 20 years left until I intend to retire. I am also overweight emerging markets right now. I look at any reduction in valuation as an opportunity to invest at a lower price. I will continue to overweight EM and maintain a small cap and value tilt as much...
by gtwhitegold
Tue Jan 05, 2016 8:28 am
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 74
Views: 7066

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

Z, I have an account with Scottrade now. I was hoping to trade some shares of other AQR funds that I used to hold with Fidelity to fund this transaction, but I am having second thoughts about it now. I think that I will end up waiting until almost the last minute to initiate the transfer unless QSMN...
by gtwhitegold
Sat Jan 02, 2016 10:59 am
Forum: Investing - Theory, News & General
Topic: Best Risk/Reward Investments for 2016?
Replies: 7
Views: 936

Re: Best Risk/Reward Investments for 2016?

I would lean towards EMV, ISV, SV in that order. Note that this is a very risky contrarian play.
by gtwhitegold
Wed Dec 30, 2015 8:47 am
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 74
Views: 7066

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

Angst, I didn't check how well the funds track, and the expense ratios are definitely not that great, but could be worse. TINRX - TIAA-CREF Equity Index Fund Retail Class has an expense ratio of 0.36% and has trailed VTSMX - Vanguard Total Stock Market Index Fund Investor Shares by by 0.3% over the ...
by gtwhitegold
Tue Dec 29, 2015 9:50 am
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 74
Views: 7066

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

Z, Depending on how much you intend to invest, I would consider using a mutual fund offered commission free through Scottrade. They have several index funds that are available with no transaction fee, $100 minimums, no load, and relatively low expenses. If you tend to exchange more than $2000 at a t...
by gtwhitegold
Tue Dec 29, 2015 9:37 am
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 74
Views: 7066

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

For Everyone's Information, I have verified that QSPIX and QSPNX will both be available at Scottrade until the 29 Jan 2016 deadline. After that, only existing holders of both funds will be able to invest new money in the funds.
by gtwhitegold
Sat Dec 26, 2015 10:38 am
Forum: Investing - Theory, News & General
Topic: Part 2 of the perfect storm post, how to increase EXPECTED returns
Replies: 118
Views: 9542

Re: Part 2 of the perfect storm post, how to increase EXPECTED returns

Larry, I have thought that EM is inherently riskier than US and other DM and should provide higher returns over time. That is why I have a majority of my international holdings in EM. That being said, I haven't seen anything really marketed as EM SCV. I personally am using FEMS to fill that role rig...
by gtwhitegold
Sat Dec 19, 2015 1:07 am
Forum: Investing - Theory, News & General
Topic: Best fund or ETF for Frontier Markets?
Replies: 9
Views: 861

Re: Best fund or ETF for Frontier Markets?

I personally am dividing my contributions between FM and FRN. Slightly different exposures with different valuations. Could use them for TLH as well.
by gtwhitegold
Sat Dec 19, 2015 12:04 am
Forum: Investing - Theory, News & General
Topic: ETF or Fund - Which Do You Use?
Replies: 40
Views: 2910

Re: ETF or Fund - Which Do You Use?

I personally prefer mutual funds, but I do use ETFs for areas that I don't have good access to in mutual funds. Those being EM SCV and FM. FM mutual funds are just too expensive and there isn't much available in EM SC in general.
by gtwhitegold
Sun Dec 13, 2015 3:23 am
Forum: Investing - Theory, News & General
Topic: Check-In on Emerging Market Sentiment
Replies: 57
Views: 4797

Re: Check-In on Emerging Market Sentiment

I don't think that the justifications for keeping RoC and RoK as emerging markets are sufficient, but it is apparently due to currency exchange restrictions and a lack of modernization in their stock markets. http://www.cnbc.com/2014/06/10/korea-and-taiwan-arent-developed-enough-for-msci.html I don'...
by gtwhitegold
Sat Dec 12, 2015 7:21 am
Forum: Investing - Theory, News & General
Topic: Tilt Question: Small Caps
Replies: 52
Views: 3852

Re: Tilt Question: Small Caps

I do tilt towards small and value and will likely increase my tilt if the mutual fund window is opened in the TSP. I have more in the TSP Extended Market S Fund than I do in the S&P 500 C Fund. I also have some in AQR Small Cap Multi-Style Fund. I also have some in First Trust Emerging Markets S...
by gtwhitegold
Fri Dec 11, 2015 7:41 am
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 74
Views: 7066

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

Similar changes were implemented for the risk parity funds. Commodities and interest rate futures were also removed in the risk parity II series. If this is handled anything like the risk parity funds, QSTIX will open around a week before QSPIX closes and AQR will offer a HV version of QSTIX later. ...
by gtwhitegold
Thu Dec 10, 2015 9:09 am
Forum: Personal Finance (Not Investing)
Topic: New Military Retirement System
Replies: 80
Views: 7005

Re: New Military Retirement System

I don't see why they didn't put the military into FERS rather than creating an entirely new system. It would have been easier to manage I think.

I do that that the required financial training was a good idea though.
by gtwhitegold
Wed Dec 09, 2015 9:36 pm
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 74
Views: 7066

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

Anyone care to comment on how much the changes should affect performance for the Style Premia II funds?

I would imagine that less leverage will be required and it will be overall less expensive , but that's just a guess.
by gtwhitegold
Wed Dec 09, 2015 4:18 am
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 74
Views: 7066

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

I didn't let the transaction complete, but it does look like QSPNX is still available on Fidelity. Hopefully it will remain so until 29 January. Has anyone tried calling Scottrade to initiate a QSPNX or QSPIX transaction?
by gtwhitegold
Tue Dec 08, 2015 4:39 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1078
Views: 117935

Re: QSPIX - thoughts on interesting fund

That's why my wife and I intend to establish positions in both of our Roth IRA accounts before the fund soft closes. Interesting to note that today with all equities getting hammered QSPIX was up 3/4 of one percent and now up over 10% ytd. In the almost two full years of its existence the fund has m...
by gtwhitegold
Mon Dec 07, 2015 5:12 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1078
Views: 117935

Re: QSPIX - thoughts on interesting fund

AQR has announced that they will soft close all share classes of the Style Premia Fund on 29 January 2016.

https://funds.aqr.com/news/soft-close-o ... tive-funds

That being said, if I hold QSPNX will I be able to convert it to QSPIX later?
by gtwhitegold
Thu Oct 29, 2015 7:18 am
Forum: Investing - Help with Personal Investments
Topic: What price point makes DFA attractive
Replies: 14
Views: 1929

Re: What price point makes DFA attractive

This and international SCV is hard to come by. I personally use QEELX for EMV, and I would look at GICIX at that price point for ISCV. If you have a brokerage window, IEIS is a possibility option as well. Allen I invest in dfa funds but only because there is no layer of additional fees for me. Other...
by gtwhitegold
Thu Oct 29, 2015 6:52 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1078
Views: 117935

Re: QSPIX - thoughts on interesting fund

I agree Larry, but what is possible may not be the preferred method. Current costs for leverage for me would increase costs with little if any increase in expected returns after costs.

Allen
by gtwhitegold
Wed Oct 28, 2015 5:53 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1078
Views: 117935

Re: QSPIX - thoughts on interesting fund

I personally would like a high volatility version of QSPIX. Since I am still fairly early in my investing life, I can tolerate more volatility. I am also considering QMHIX as a different alternatives fund.
by gtwhitegold
Thu Oct 15, 2015 5:54 am
Forum: Investing - Theory, News & General
Topic: The Incredible Shrinking Value Premium?
Replies: 32
Views: 2879

Re: The Incredible Shrinking Value Premium?

Well, even if valuation levels remain the same, LCV still should outperform LCG over time due to more favorable ROIC. It does look like a growth bubble right now.

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