Search found 3781 matches

by in_reality
Sun Apr 02, 2017 9:23 pm
Forum: Investing - Theory, News & General
Topic: Do Any Factor Investors Worry About Skating Where The Puck Was?
Replies: 19
Views: 1424

Re: Do Any Factor Investors Worry About Skating Where The Puck Was?

You can see the valuations of different factors relative to their historical norm at https://interactive.researchaffiliates.com/smart-beta.html#!/strategies It shows for instance, low volatility, minimum volatility and size as being expensive in the US, developed and emerging markets, but that quali...
by in_reality
Sun Apr 02, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Finally 'Asking Portfolio Questions' - Not Feeling Good
Replies: 35
Views: 3706

Re: Finally 'Asking Portfolio Questions' - Not Feeling Good

Hi, Why not put bonds in the 401k (instead of taxable)? You have a good choices there. If stocks tank by 50% and you need to use the emergency fund, sell stocks in taxable (say $20k US), sell bonds in the 401k ($20k) and buy stocks in the 401k (again US $20k). This way you can keep bond dividends ou...
by in_reality
Sun Apr 02, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Beginning Portfolio Review
Replies: 6
Views: 350

Re: Resident Portfolio Review

Just curious why SCHC (small international) instead of FNDC (small international value)? Is that just to have US large cap weighting + Int small cap weighting AND Int large value + US small value? Also, it's not only SCHH that's coming out of taxable but DGS too right? If you don't have enough shel...
by in_reality
Sun Apr 02, 2017 9:09 am
Forum: Investing - Theory, News & General
Topic: Personal experience over time? [How far from retirement, time spent investing]
Replies: 31
Views: 3058

Re: Personal experience over time? [How far from retirement, time spent investing]

Finally, has anyone had any experience with the index funds Schwab is currently offering as "even lower fee" index funds? Schwab mutual funds will have yearly capital gains distributions. Index funds are pretty tax efficient, but ETFs and Vanguard mutual funds that have an ETF share class...
by in_reality
Sun Apr 02, 2017 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Beginning Portfolio Review
Replies: 6
Views: 350

Re: Resident Portfolio Review

Just curious why SCHC (small international) instead of FNDC (small international value)? Is that just to have US large cap weighting + Int small cap weighting AND Int large value + US small value? Also, it's not only SCHH that's coming out of taxable but DGS too right? If you don't have enough shelt...
by in_reality
Sun Apr 02, 2017 3:11 am
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10159

Re: nice short piece on the math of factor investing

The TSM investor may have 5000 stocks, but net exposure to only one factor, market beta. The SV investor may have exposure to 1000 stocks, but he is exposed to 3 separate and independent drivers of returns: market beta, size, value. The TSM holds the same exact stocks that are giving the SV market ...
by in_reality
Sun Apr 02, 2017 12:55 am
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on my Investment
Replies: 2
Views: 361

Re: Seeking advice on my Investment

Hi and welcome. First and foremost, I would think of things as one portfolio. Ok you aren't married yet, so maybe hold that part off but try to think as one portfolio. You have some expensive funds in your 401k: Janus Triton Fund - Class A (1.10%) - small cap American Beacon Bridgeway Large Cap Valu...
by in_reality
Fri Mar 31, 2017 11:21 pm
Forum: Investing - Theory, News & General
Topic: Article--Vanguard's customer service takes a hit as it receives epic inflows of cash
Replies: 33
Views: 4154

Re: Article--Vanguard's customer service takes a hit as it receives epic inflows of cash

Bogleheads: I wonder why Vanguard keeps advertising for new customers. When Mr. Bogle was CEO he emphasized low-cost and quality above getting bigger. Best wishes. Taylor Likely because the compensation scheme rewards the execs for certain targets. A key element of Vanguard’s executive pay is a def...
by in_reality
Fri Mar 31, 2017 8:49 pm
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10159

Re: nice short piece on the math of factor investing

In_reality, If a factor diversified portfolio has say 500-1500 stocks in each of its individual asset classes, isn't that enough to diversify away the idiosyncratic single stock risk? Do you really need to add on the extra couple or few thousand stocks of the Wiltshire 5000 to adequately diversify ...
by in_reality
Fri Mar 31, 2017 7:42 pm
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10159

Re: nice short piece on the math of factor investing

Owning the total stock market does not mean you "own all of the factors". I'm not sure why the folks that do not understand diversifying a portfolio using factors have such a vociferous opinion about it. It is not a question of not understanding, but in the continued use of a well establi...
by in_reality
Fri Mar 31, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity advisor said I invested in too much S&P 500 at once for my portfolio; DCA it?
Replies: 75
Views: 3935

Re: Fidelity advisor said I invested in too much S&P 500 at once for my portfolio; DCA it?

I assume this is a taxable account? If so, it's not a huge cost to adjust it (if you wish). Personally I'd want some international or some total stock market to diversify a little more, but the principle of having it all in S & P is not 'wrong." This guy has no idea if we're at an all-time...
by in_reality
Fri Mar 31, 2017 11:47 am
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10159

Re: nice short piece on the math of factor investing

Some simple examples to show the power of diversification Here's a tip: Some simple examples to show the power of factor-diversification . Using "diversification" the way you do is about as good as "smart beta". That's all. Anyway, if price-to-retained earnings explains the valu...
by in_reality
Fri Mar 31, 2017 10:47 am
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10159

Re: nice short piece on the math of factor investing

I wish people would keep this discussion to just doing the math and showing the results rather than appealing to and arguing about labels, such as "diversified." I don't think the market history (retrospective and prospective) of investments knows a thing about how we are labeling those i...
by in_reality
Fri Mar 31, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Good idea to switch from Schwab ETF to new low ER mutual fund twin?
Replies: 2
Views: 199

Re: Good idea to switch from Schwab ETF to new low ER mutual fund twin?

Hi, I am new here and am grateful I came across this forum. It has totally changed how I think about investing. In my Schwab roth ira I was holding two ETFs (SCHO and SCHP). Recently Schwab reduced the ERs on a few of their mutual funds (SWSBX and SWRSX). I decided to sell my ETFs and move into the...
by in_reality
Fri Mar 31, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10159

Re: nice short piece on the math of factor investing

In_reality, Maybe remove the sarcasm from your thinking and writing, then you may learn something. Then at least, you'll have a better understanding of the tradeoffs involved in making your TSM decisions. It will add to the conviction you have in the plan you choose. Dave Just saying people who hav...
by in_reality
Fri Mar 31, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Never-Ending Foreign Tax Credit Problem
Replies: 42
Views: 3573

Re: Never-Ending Foreign Tax Credit Problem

When I was an expat, my employer prepared my US and Canadian tax returns, paid all of the foreign tax bills and any tax due to the US as a result of my expat assignment. In that respect, it was my employer--and not me--who actually paid the above-noted deemed disposition tax bill (among others), an...
by in_reality
Fri Mar 31, 2017 7:55 am
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10159

Re: nice short piece on the math of factor investing

In reality, Sorry but your view is just your view,not fact. By it's very definition TSM has all of its eggs in one factor among the number of them that explain differences in returns. And these are unique/independent factors which diversify risks as they are subject to different risks. And historic...
by in_reality
Fri Mar 31, 2017 7:16 am
Forum: Investing - Help with Personal Investments
Topic: Schwab offering .03% ER
Replies: 75
Views: 3043

Re: Schwab reduces index mutual fund ER and trade commission

As of tonight, Schwab is offering Institutional to Individual Investors...what a great news, just bought this in my taxable...cheaper the Vanguard Admiral shares with 10x better customer service with local presense... SWYHX Schwab Target 2045 Index Fund Institutional Shares 0.08 Where do you see th...
by in_reality
Fri Mar 31, 2017 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Never-Ending Foreign Tax Credit Problem
Replies: 42
Views: 3573

Re: Never-Ending Foreign Tax Credit Problem

Form 1116, who first page in essence tries to identify your foreign income and foreign tax paid, then proceeds in the second page to determine how much foreign tax credit you have available, which includes any carryforwards, on Line 14. From this the remainder of the second page is going to limit t...
by in_reality
Thu Mar 30, 2017 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab offering .03% ER
Replies: 75
Views: 3043

Re: Schwab offering .03% ER

You should spend more time on Bogleheads and less on Facebook because that was discuss here previously.

viewtopic.php?f=10&t=209925
by in_reality
Thu Mar 30, 2017 11:14 pm
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10159

Re: nice short piece on the math of factor investing

Not the opposite of diversification, just another way of looking at diversification: number of stocks versus sources of return Dave No it's not. It is concentration by definition. By concentrating on stocks/funds that give you value/momentum/low volatility/small exposure, you are excluding the stoc...
by in_reality
Thu Mar 30, 2017 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner advice for a Brit in Japan
Replies: 15
Views: 796

Re: Beginner advice for a Brit in Japan

The US has estate tax treaties with both Japan and the UK, so no matter which of these it considers to be the OP's domicile, there's cover. Ah yeah. Sorry for misquoting you. Just wanted to get your attention on the practice and claim. Thanks a lot in_reality, that definitely gives me some food for...
by in_reality
Thu Mar 30, 2017 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Quandary of ML Stock Picker vs. VTSMX or VFINX
Replies: 16
Views: 927

Re: Quandary of ML Stock Picker vs. VTSMX or VFINX

Protect your assets via safe asset classes. Good luck with picking stocks that won't fall in a crash. A safe withdrawal rate in retirement is generally about 4%. 25% of that going to an advisor who most likely can't do as promised makes no sense to me. The advisor gives a warm hello when they greet ...
by in_reality
Thu Mar 30, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: VXUS+VTI in taxable account?
Replies: 10
Views: 687

Re: VXUS+VTI in taxable account?

Do you guys worry that this isn't the right time to go into the market? I use etrade so I am charged 6.95 for every trade, I wonder if I should slowly buy into VTI and VXUS over the next 6-12 months? Honestly? Whether you buy at the top or the bottom, it's always better than sitting on the sideline...
by in_reality
Thu Mar 30, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: Converting All/Some of SCHZ to SWAGX (Bonds at Schwab)
Replies: 1
Views: 209

Re: Converting All/Some of SCHZ to SWAGX (Bonds at Schwab)

I am concerned that the attention required to watch ETF-bond NAV-Premium-Discounts will be overwhelming in volatile periods, making it likely that selling SCHZ ETF will suffer by selling at a discount. My thought is that it would be advantageous to have $20K or perhaps all of the bond allocation in...
by in_reality
Thu Mar 30, 2017 7:08 am
Forum: Investing - Theory, News & General
Topic: At Schwab, Dividend Reinvestment of Vanguard Mutual Funds
Replies: 5
Views: 401

Re: At Schwab, Dividend Reinvestment of Vanguard Mutual Funds

As a specific example, VBTLX, and a more general question of non-Schwab mutual funds at Schwab, how does dividend reinvestment work? A good scenario is that dividends would be converted at Vanguard at NAV when the dividend is announced and the ownership of the shares would be communicated back to S...
by in_reality
Thu Mar 30, 2017 5:53 am
Forum: Investing - Help with Personal Investments
Topic: Beginner advice for a Brit in Japan
Replies: 15
Views: 796

Re: Beginner advice for a Brit in Japan

I like 60% international stocks 0.25% ER MSCI KOKUSAI [ex-japan developed markets] (50%) 0.14% ER iShares Core MSCI Emerging Markets ETF-JDR (10%) 10% Japanese stocks 0.3% ER Russell/Nomura Fundamental Prime Index (value weighting) 20% international bonds 0.25% ER Citi Nonyen World Government Bond I...
by in_reality
Thu Mar 30, 2017 5:13 am
Forum: Investing - Theory, News & General
Topic: opinions on VNQ? [Vanguard REIT Index]
Replies: 11
Views: 943

Re: opinions on VNQ?

:thumbsup VNQI :thumbsup

Not as correlated to the US real estate market but not strictly REITs which aren't used as much everywhere overseas.
by in_reality
Thu Mar 30, 2017 5:10 am
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 186
Views: 24659

Re: John Bogle on international

stemikger wrote:P.S. I suffer from severe OCD


:thumbsup OCD :thumbsup

Our income in this house is mostly from integrating emerging markets into the global economy.

:thumbsup global economy :thumbsup
by in_reality
Thu Mar 30, 2017 4:37 am
Forum: Investing - Help with Personal Investments
Topic: Beginner advice for a Brit in Japan
Replies: 15
Views: 796

Re: Beginner advice for a Brit in Japan

50% international stocks 10% Japanese stocks 20% international bonds 10% Japanese bonds (it makes me feel a little more secure) And I'll keep a little extra money back that I would have used for theo in cash. Does than mean bpp and I get to split the remaining 10%, or your are giving it to some guy...
by in_reality
Wed Mar 29, 2017 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Need a Strategy
Replies: 5
Views: 449

Re: Need a Strategy

So please think first about your AA (see previous post) Here are some random comments FFFHX (Fidelity Freedom 2050 Fund)→ 0.00% Net Great! Not sure if you need anything other than this though. Why is it so cheap? Holy cow - 95% stocks? It'll adjust as time goes by I guess. Fidelity Freedom Index fun...
by in_reality
Wed Mar 29, 2017 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Need a Strategy
Replies: 5
Views: 449

Re: Need a Strategy

Thanks for the great info. The wash sale is certainly something for me to consider. Here are the holding (except stocks) that I have in the Traditional and Roth IRAs and their expense ratios: FFFHX (Fidelity Freedom 2050 Fund)→ 0.00% Net FGMNX (Fidelity GNMA Fund) →0.45% Net FLPSX (Fidelity Low Sto...
by in_reality
Wed Mar 29, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity issued 1042-S Instead of 1099R. They Refuse to Change it
Replies: 22
Views: 2207

Re: Fidelity issued 1042-S Instead of 1099R. They Refuse to Change it

For all those suggesting to use turbo tax for 1099R substitute, it won't help, because there is still a 1024-S reported to the IRS and the computer will view it as missing from my return. So it has to be manual with a letter of explanation. I am still not sure how to actually report the 1042-S on m...
by in_reality
Wed Mar 29, 2017 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Physician-Resident looking for Portfolio Advice
Replies: 34
Views: 2567

Re: Physician-Resident looking for Portfolio Advice

Forsberg21 wrote:I know, real smart to rack up those loans


Love is a beautiful thing. What could be more romantic that agreeing on the best investments for you? You both agree medical school is a good investment. It's just too sweet!
by in_reality
Wed Mar 29, 2017 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor fee
Replies: 15
Views: 1748

Re: Advisor fee

I am looking for a financial advisor who basically uses a diversified index approach. I will likely not be able to manage this myself in the future and my wife is not able to. What is a reasonable fee for a manager to charge for a portfolio of say 1 or 5 or $10,000,000. I would assume a sliding sca...
by in_reality
Wed Mar 29, 2017 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Total Sck Mrkt Index w/ Schwab
Replies: 3
Views: 451

Re: Total Sck Mrkt Index w/ Schwab

In a ROTH, there is no real preference. In taxable, the ETF is preferred because Schwab mutual funds don't share the ETF share class (like some Vanguard mutual funds do) which lets the mutual fund take advantage of the ETF's ability to avoid yearly taxable gains. They also follow a slightly differen...
by in_reality
Wed Mar 29, 2017 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Where can I buy a non-hedged Global Index Bond Fund in the US?
Replies: 2
Views: 247

Re: Where can I buy a non-hedged Global Index Bond Fund in the US?

Hi Bogleheads, I'm a dual citizen US/Europe, currently living in the US but my plan is to retire in Europe. That creates a bunch of questions about hedging currency. Following the advice in this Vanguard Paper: https://personal.vanguard.com/pdf/ISGCMC.pdf (and other literature), I came to the follo...
by in_reality
Wed Mar 29, 2017 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner advice for a Brit in Japan
Replies: 15
Views: 796

Re: Beginner advice for a Brit in Japan

And what does Theo have you in for bonds? US exposure? Global? Japanese?
by in_reality
Wed Mar 29, 2017 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner advice for a Brit in Japan
Replies: 15
Views: 796

Re: Beginner advice for a Brit in Japan

As for theo, it does indeed charge 1% per year but the first 3 months are 0.5% (not that it makes a huge difference). I'm not sure if I trust myself to make correct investment decisions elsewhere that would outweigh that 1% fee (yet), especially in Japan. They take care of all the withholding tax i...
by in_reality
Wed Mar 29, 2017 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner advice for a Brit in Japan
Replies: 15
Views: 796

Re: Beginner advice for a Brit in Japan

THEO - This is already up and running with a portfolio for roughly 70% stocks /30% bonds with a good chunk in international investments. I'll add around 50,000 yen to this each month. If Theo charges 1% AUM, you should NOT use it. There are many calculators available which can show you the costs ov...
by in_reality
Wed Mar 29, 2017 10:46 am
Forum: Investing - Theory, News & General
Topic: The value premium, retained earnings may be the most important
Replies: 19
Views: 1676

Re: The value premium, retained earnings may be the most important

Neat article. It does seem to raise some interesting questions about how to best go after a value premium when designing a portfolio or fund. Being too lazy to do much along those lines, however, my main takeaway is this does seem to provide support for the risk-based explanations of the value &quo...
by in_reality
Wed Mar 29, 2017 7:38 am
Forum: Investing - Theory, News & General
Topic: The value premium, retained earnings may be the most important
Replies: 19
Views: 1676

Re: The value premium, retained earnings may be the most important

Question Retained earnings can include amounts that are earmarked for paying down debt. Is that correct? Is that the same as retained cash flow? Does this mean that a "growth" stock (as defined by BtM) could have a value premium if that stock had sufficient retained earnings (since appare...
by in_reality
Wed Mar 29, 2017 7:08 am
Forum: Personal Consumer Issues
Topic: Get a 0% loan just to keep credit score high?
Replies: 31
Views: 1825

Re: Get a 0% loan just to keep credit score high?

I haven't had any debt for a while now. Credit score around 800. But I don't want it to dip just because I don't have a recent mix of loans, mortgage/refi, auto loan, consumer loan, and credit cards in good standing. I haven't had any debt, mortgage, auto/consumer loans for 20 years and my score is...
by in_reality
Wed Mar 29, 2017 6:36 am
Forum: Investing - Help with Personal Investments
Topic: Help with fund selection
Replies: 3
Views: 222

Re: Help with fund selection

I'm not sure why the link didn't work for you, but when I click on it I land on a page with a sortable table of funds. Sorting by expense ratio brings the Vanguard funds up top. This does happen to be for my wife who in other places prefers to use target date funds. I am trying to replicate the tot...
by in_reality
Wed Mar 29, 2017 6:14 am
Forum: Investing - Help with Personal Investments
Topic: Help with fund selection
Replies: 3
Views: 222

Re: Help with fund selection

I'm trying to pick out domestic funds for a 403(b) that does not provide a total US stock fund and am looking for a sanity check that I'm not overthinking my attempt to approximate it. Goal: Approximate a Total US fund but not over-think it I don't understand. The Plan Member Direct funds list in t...
by in_reality
Wed Mar 29, 2017 5:54 am
Forum: Investing - Help with Personal Investments
Topic: Need a Strategy
Replies: 5
Views: 449

Re: Need a Strategy

PS: I have a longtime girlfriend who I may marry one day (she makes about 70k; $0 student loans). How would that affect me? Ideally it will make you happy. She may want you to keep the place cleaner than you would otherwise though, so be prepared for that. Anyway, you should have a target AA. % US ...
by in_reality
Wed Mar 29, 2017 5:50 am
Forum: Investing - Help with Personal Investments
Topic: Difference between this two etf.
Replies: 8
Views: 516

Re: Difference between this two etf.

I totaly messed this up I am compareing SWDA and XDWD. The both track the MSCI World Index so I don't see much difference. XDWD states : "The sub-fund may be exposed to a maximum of 10% derivative counterparty risk in accordance with the UCITS IV investment restrictions". It's "direc...
by in_reality
Wed Mar 29, 2017 5:42 am
Forum: Personal Finance (Not Investing)
Topic: U.S. expat in UAE filing for first time, married filing jointly
Replies: 1
Views: 155

Re: U.S. expat in UAE filing for first time, married filing jointly

Hi and welcome, 1. I'm not sure whether to do the foreign income exclusion or foreign tax credit because of the time of year we moved out. It's very confusing because it seems optional. Any experience or insights into which one to apply for someone who's moved out mid-year? Yes, it's two different w...
by in_reality
Wed Mar 29, 2017 2:45 am
Forum: Investing - Help with Personal Investments
Topic: Difference between this two etf.
Replies: 8
Views: 516

Re: Difference between this two etf.

volimsmes wrote:I am looking into 2 europes ets. IXWD and SWDA. They both seem to be almost he same and only difference is TER is 0.19 against 0.2 and IDWD has less funds. Does it mean there is no difference what to choose?


I thought you meant IWRD.

I can't find IXWD (or IDWD).

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