Search found 2278 matches

by jalbert
Thu Dec 14, 2017 5:37 pm
Forum: Investing - Theory, News & General
Topic: TLH: Would you treat these 4 international funds as virtually interchangeable
Replies: 6
Views: 478

Re: TLH: Would you treat these 4 international funds as virtually interchangeable

VTIAX (etf: VXUS) Vanguard Total International Stock Index Fund Admiral Shares IXUS iShares Core MSCI Total International Stock ETF VFWAX (etf: VEU) Vanguard FTSE All-World ex-US Index Fund Admiral VTMGX (etf: VEA) Vanguard Developed Markets Index Fund Admiral Shares Switching between any two of th...
by jalbert
Thu Dec 14, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 147
Views: 15869

Re: New HSA provider Lively offers investments for $30/yr fee

There's one more option: HSA Authority if you can live with mutual funds. The annual fee at the HSA Authority is $36 and it has a bunch of low cost Vanguard mutual funds. It supports first dollar investing too (but you do need $1000 to establish the investment account). +1 Run by Old National Bank ...
by jalbert
Thu Dec 14, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Only Wellington and Wellesley in retirement portfolio. Is that a good idea?
Replies: 15
Views: 1853

Re: Only Wellington and Wellesley in retirement portfolio. Is that a good idea?

It is a plausible idea. I don't think it rises to the level of a good idea due to lack of diversification and due to manager risk. The correct asset allocation is what meets your need/ability/willingness to take risk. You should think that through before thinking about picking funds. +1 The stock p...
by jalbert
Wed Dec 13, 2017 8:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - federal money market fund broke the buck?
Replies: 9
Views: 1428

Re: Vanguard - federal money market fund broke the buck?

The Federal MM fund is the one Vanguard has identified to use to meet newer SEC rules to maintain a $1.00 share price. I am not sure the Prime MM fund even still has a guarantee of maintaining a $1.00 share value (I think it does not fwiw).
by jalbert
Wed Dec 13, 2017 6:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 51
Views: 3805

Re: Vanguard Security Keys

There is no need for SSL certificates. The simplest thing is for the initial sync of the yubikey to establish a reliable public-private key pair with public key for the yubikey user to be stored at Vanguard site. This can be used to do challenge-based authentication and to communicate a session key...
by jalbert
Wed Dec 13, 2017 1:56 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 186
Views: 16979

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

moneywise3 wrote:
Wed Dec 13, 2017 3:46 am
Didn’t Warren Buffet say at one point the same thing about tech stocks?
Yes, it was also true of internet stocks in 1999
by jalbert
Wed Dec 13, 2017 2:38 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 186
Views: 16979

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Would you pay a 15-25% premium for an investment because of confidence in it rising even more?

http://money.cnn.com/2017/12/12/technol ... index.html

That is a classic bubble symptom.
by jalbert
Wed Dec 13, 2017 2:13 am
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 51
Views: 3805

Re: Vanguard Security Keys

If this is done properly using the yubikey is end to end. For example the yubikey should be used to sign the name of the website the browser is talking to. Vanguard should check these signatures so it will know that the browser is talking to vangaurd.com and not vanguard.com. The same thing can be ...
by jalbert
Wed Dec 13, 2017 1:32 am
Forum: Investing - Help with Personal Investments
Topic: What's the case for including foreign developed & emerging markets with a 10-12 year outlook on retirement
Replies: 60
Views: 2620

Re: What's the case for including foreign developed & emerging markets with a 10-12 year outlook on retirement

VTI and ITOT are a wash...IXUS looks a bit better to me from the recent performance numbers.. Recent performance numbers have zero predictive power for your future returns. Which one wins moving forward is a coin toss. A better way to choose is based on whether it will be held in a taxable account ...
by jalbert
Tue Dec 12, 2017 8:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 51
Views: 3805

Re: Vanguard Security Keys

This is not the "canonical" phishing attack (and I don't think your attack is as easy to execute as you imply). Here's the "canonical" attack: 1. Set up a site at, for example, vangaurd.com which looks like the real vanguard site. (You could also put a link to a fake site in an email, or use any of...
by jalbert
Tue Dec 12, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is TIAA-CREF one of the "good guys"?
Replies: 57
Views: 11622

Re: Is TIAA-CREF one of the "good guys"?

TIAA-CREF lost their non-profit status for tax purposes some years ago (2010?) due to high executive compensation levels.
by jalbert
Mon Dec 11, 2017 7:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 51
Views: 3805

Re: Vanguard Security Keys

If someone gains access to your account online or over the phone, even if they try to drain the account and fail, they still easily may execute things with substantial tax consequences requiring a painful process to get things straightened out.
by jalbert
Mon Dec 11, 2017 5:40 pm
Forum: Investing - Theory, News & General
Topic: Do DFA Funds have lower trading costs than Index Funds?
Replies: 32
Views: 1417

Re: Do DFA Funds have lower trading costs than Index Funds?

It is not hard to look up the ER of DFA funds on the DFA website and compare to what is offered in a 401K. Plans I'm familiar with that include DFA funds range from 0 to 12 bp/year over DFA base cost.
by jalbert
Mon Dec 11, 2017 5:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 51
Views: 3805

Re: Vanguard Security Keys

So is my conclusion correct... a security key does not provide additional security over using security codes? It actually makes the authentication a little less secure by creating a new point of attack (yubikey protocol) without closing an existing point of attack (text code), but you are correct. ...
by jalbert
Sun Dec 10, 2017 7:47 pm
Forum: Investing - Theory, News & General
Topic: Buying index funds is just as speculative as buying Bitcoin
Replies: 64
Views: 3856

Re: Buying index funds is just as speculative as buying Bitcoin

If another index comes along that can outperform their current index on a risk adjusted basis they won’t hesitate to pull their money from the companies they previously owned a part of. This is not investing. This presents a substantive misconception about how most index fund investors operate and ...
by jalbert
Sun Dec 10, 2017 5:28 pm
Forum: Investing - Theory, News & General
Topic: Do DFA Funds have lower trading costs than Index Funds?
Replies: 32
Views: 1417

Re: Do DFA Funds have lower trading costs than Index Funds?

They stated that index funds in general rebalance once every year when the index they track rebalances. When this occurs the index funds need to shift their allocations accordingly and quickly to minimize tracking error. This applies to many value indices, and to all Russell indices. The S&P500 and...
by jalbert
Sun Dec 10, 2017 5:58 am
Forum: Investing - Theory, News & General
Topic: 30 yr tips yield: 1% to 0.83% over last 2 weeks!
Replies: 51
Views: 6076

Re: 30 yr tips yield: 1% to 0.83% over last 2 weeks!

With bonds, the inverse relationship between price and yield, means it doesn't matter whether you consider a risk premium to be a discounted price or higher yield. If, at some point in time, the expected value of the liquidity risk premium of a TIP is higher than the expected value of the inflation ...
by jalbert
Sat Dec 09, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Dash Into Cash in the WSJ
Replies: 16
Views: 3936

Re: Dash Into Cash in the WSJ

Rewards checking accounts have all the restrictions because they are basically sharing with you some fraction of the debit card transaction fees you generate and earning the other fraction as profit.
by jalbert
Sat Dec 09, 2017 3:26 pm
Forum: Personal Consumer Issues
Topic: I am buying a car: Most/Least Reliable Makes?
Replies: 64
Views: 3642

Re: I am buying a car: Most/Least Reliable Makes?

I am buying a car before the year is over. I've heard the deals are the best at the end of the year. What are the most/least reliable makes to look at and avoid? I know it depends on the model but I'm interested in overall brand quality. Longest lasting, least problems. This is my impression from r...
by jalbert
Fri Dec 08, 2017 11:49 pm
Forum: Investing - Help with Personal Investments
Topic: Bond vs Bond Fund? why funds?
Replies: 25
Views: 1634

Re: Bond vs Bond Fund? why funds?

Something simple for the Fidelity account would be: 50% Fidelity Four-In-One Index Fund 50% Fidelity US Bond Index Fund 42% stock / 58% bond I would not be in favor of SPIA because the principle amount would disappear. LTC SPIAs have high payout rates so, while the SPIA principal is gone, there is ...
by jalbert
Fri Dec 08, 2017 9:11 pm
Forum: Investing - Theory, News & General
Topic: 30 yr tips yield: 1% to 0.83% over last 2 weeks!
Replies: 51
Views: 6076

Re: 30 yr tips yield: 1% to 0.83% over last 2 weeks!

TIPS should outperform conventional Treasuries when realized inflation is greater than expected inflation plus the risk premium. Note that the expected return of a TIPS should be slightly less than the expected return of a conventional U.S. Treasury of the same maturity because the investors in con...
by jalbert
Fri Dec 08, 2017 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Bond vs Bond Fund? why funds?
Replies: 25
Views: 1634

Re: Bond vs Bond Fund? why funds?

I'm new to fixed income investing. all my stuff is long term equity buy hold forget. but now I've got to manage my mother's money. she's in a nursing home that costs $5k/month. She has $550k (well tehcnically my brother, sister, and I share the $550k... but we hold it on her behalf and it needs to ...
by jalbert
Fri Dec 08, 2017 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: on keeping a tranche of active mgmt in Roth
Replies: 16
Views: 618

Re: on keeping a tranche of active mgmt in Roth

Why pay the higher expenses of active management with Roth space dollars?

Why risk negative tracking error in valuable Roth space?
by jalbert
Fri Dec 08, 2017 3:05 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate from SPIA???
Replies: 41
Views: 2456

Re: Safe Withdrawal Rate from SPIA???

Based on historical data for the last 50 years and taking part of your money and investing it in the S&P500, you can spend about 60% of your first year payout in real dollars for the time period of your retirement The extra cost for having a SPIA be COLA'd is typically 30% of the payout rate of a n...
by jalbert
Fri Dec 08, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing: Tax efficient fund placement???
Replies: 10
Views: 455

Re: New to investing: Tax efficient fund placement???

Large cap value: VTV (Efficient) Large cap growth: VUG (Efficient) Not as efficient as just holding VV the large cap index fund which seamlessly combines with VB. VB tracks the market completion index of the index tracked by VV. Also, IXUS the ishares int'l equity fund is more tax efficient than VX...
by jalbert
Thu Dec 07, 2017 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5404

Re: What do Bogleheads say when they don't want to spend money?

A simple “Thank you, but I’m not interested.” is all that is needed. Your reasons are not the vendor’s business.
by jalbert
Thu Dec 07, 2017 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should I file taxes w/o her?
Replies: 54
Views: 3494

Re: Should I file taxes w/o her?

I earn 177k and she earns 350K. I am not complaining, however I am deeply troubled by the fact that when we filed jointly last year for the first time, I was murdered in taxes. Would it make sense to file by myself? I asked my accountant and he said it was about the same. How can that be? Yes AMT g...
by jalbert
Thu Dec 07, 2017 10:24 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1929
Views: 1184073

Re: "What Is The Cheapest Way To Build A 3-Fund Portfolio In 2017?"

Bogleheads: In this article, "The Wall Street Physician" compares the cost of The Three-Fund Portfolio using Vanguard, Schwab and Fidelity funds/ETFs. His "conclusion": Schwab currently has the lowest fees on a three-fund portfolio, but Fidelity and Vanguard offer index funds that are so low in fee...
by jalbert
Thu Dec 07, 2017 8:20 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate from SPIA???
Replies: 41
Views: 2456

Re: Safe Withdrawal Rate from SPIA???

Why not just start with the original principal and instead of using all of it to buy a SPIA, use 80% of it to buy a SPIA and put the other 20% in a stock fund? You could do that. But that isn't the point of what we're trying to get at. The point of the exercise is to determine how many real dollars...
by jalbert
Thu Dec 07, 2017 4:15 pm
Forum: Personal Consumer Issues
Topic: Okay come clean....How man people share passwords for streaming services?
Replies: 41
Views: 1569

Re: Okay come clean....How man people share passwords for streaming services?

Many people who consider themselves honest or "good Christians" have no issue with digital piracy, which is theft. Go to any "cut the cord" thread on the internet, and pretty much everyone mentions "I'll use my sister's netflix"... OK - I am against "digital piracy" -- BUT is sharing passwords for ...
by jalbert
Thu Dec 07, 2017 12:12 am
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate from SPIA???
Replies: 41
Views: 2456

Re: Safe Withdrawal Rate from SPIA???

The idea is that you purchase an SPIA that supplies you with say 1000 dollars per year. At year one, you spend an initial amount of say 800 dollars. You take the excess 200 dollars and you invest it in the S&P. This is your SPIA excess investment fund. Why not just start with the original principal...
by jalbert
Wed Dec 06, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: A " Bond Tent" During the "Retirement Red Zone?"
Replies: 52
Views: 4663

Re: A " Bond Tent" During the "Retirement Red Zone?"

My concern is I have all equity (total US/international stock) in my taxable account which is about 1/3 of total portfolio so the dilemma is if we go into a bear market at retirement, I was planning on using the taxable funds to push back SS to 70. If you hold different asset classes in different l...
by jalbert
Tue Dec 05, 2017 6:13 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19361

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Epsilon Delta wrote:
Tue Dec 05, 2017 2:45 pm
A global ledger is not scalable.
What is the theoretical basis for any claim that there cannot be any possible design for a scalable global ledger?
by jalbert
Tue Dec 05, 2017 2:20 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19361

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

If you separate blockchain as an abstract paradigm from blockchain as the implementation of that paradigm, I think the correct statement is that the current implementation of blockchain is not very scalable.
by jalbert
Tue Dec 05, 2017 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: A " Bond Tent" During the "Retirement Red Zone?"
Replies: 52
Views: 4663

Re: A " Bond Tent" During the "Retirement Red Zone?"

There is an assumption in the Kitces article that funds are withdrawn in early retirement to maintain a certain living standard. If social security and pension funds will support that standard of living in retirement, does the bond tent strategy still make sense? I would say "no". If one is not mak...
by jalbert
Mon Dec 04, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: A " Bond Tent" During the "Retirement Red Zone?"
Replies: 52
Views: 4663

Re: A " Bond Tent" During the "Retirement Red Zone?"

There is an assumption in the Kitces article that funds are withdrawn in early retirement to maintain a certain living standard. If social security and pension funds will support that standard of living in retirement, does the bond tent strategy still make sense? I would say "no". If one is not mak...
by jalbert
Mon Dec 04, 2017 4:02 pm
Forum: Personal Consumer Issues
Topic: Egregious security vulnerability in newer Intel computers -- patch immediately
Replies: 18
Views: 2209

Re: Egregious security vulnerability in newer Intel computers -- patch immediately

Meh. I haven't been able to replicate that to log in - only to authenticate to make changes in preferences. If you walk away with your screen locked, and someone tries to access your computer switching user to root, it won't work, from my testing. Same from a reboot - trying to log in as root doesn...
by jalbert
Mon Dec 04, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9368

Re: Why should I donate to my alma matter?

By the way, college admissions officers pay big fees to consultants who use econometric methods to predict which applicants will be most likely to donate generously after college graduation. I've seen evidence they do this to recruit applicants and to predict likelihood of successful graduation fro...
by jalbert
Mon Dec 04, 2017 1:50 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19361

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Just curious, why are these mutually exclusive for you? If one were to buy a currency of an emerging country, betting that they'll grow into a powerhouse, wouldn't that meet both criteria? No, explosive economic growth would not cause their currency to experience equity-like explosive growth. Rapid...
by jalbert
Mon Dec 04, 2017 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: should I use vanguard's 2 step verification sign in
Replies: 34
Views: 3568

Re: should I use vanguard's 2 step verification sign in

The short answer is yes to all three. When you enroll, you can choose to use a security code every time you log on to your account or only when Vanguard doesn’t recognize your computer or device . Green is important. Red is dubious. Security codes ensure that the same login session may not be repeat...
by jalbert
Mon Dec 04, 2017 4:28 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19361

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

BTC cannot simultaneously be a growth investment and a currency.
by jalbert
Sat Dec 02, 2017 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9368

Re: Why should I donate to my alma mater?

If you don't feel a need to help your alma mater, you can donate to a need-based scholarship fund at your alma mater (or other university) to help less fortunate students experience the same education you had.
by jalbert
Sat Dec 02, 2017 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: A " Bond Tent" During the "Retirement Red Zone?"
Replies: 52
Views: 4663

Re: A " Bond Tent" During the "Retirement Red Zone?"

The bond tent description complicates the issue to my thinking. The real point is a rising equity allocation in retirement. The tent model assumes you got to the point of retirement with a decreasing equity allocation which may or may not be true. The idea of a rising equity allocation in retirement...
by jalbert
Sat Dec 02, 2017 6:16 pm
Forum: Personal Consumer Issues
Topic: How to convince DW that high miles used car is OK
Replies: 106
Views: 6635

Re: How to convince DW that high miles used car is OK

At our stage of life, we are well served by older cars. My wife is just fine with purchase of an older car, but balks at getting one with, say, 150,000 miles on it - even though the purchase price is low and is something like a Toyota - that would likely run for many more miles. Any suggestions? Su...
by jalbert
Sat Dec 02, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: How are SPIA's taxed if taken from taxable or taxed deferred?
Replies: 31
Views: 1709

Re: How are SPIA's taxed if taken from taxable or taxed deferred?

With that amount of income and that health status, have you considered dropping Medicare part B? You could probably pay privately for doctors' visits. You would still have part A for hospitalization costs. But you would have no coverage for very expensive outpatient procedures like chemotherapy or ...
by jalbert
Fri Dec 01, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: How are SPIA's taxed if taken from taxable or taxed deferred?
Replies: 31
Views: 1709

Re: How are SPIA's taxed if taken from taxable or taxed deferred?

Thanks Alan. It is also my understanding that the payout of a SPIA may increase if the tax rate goes up. Also when I'm older the payout will will be higher so it may be worth waiting a while. How do tax rates affect the payout of an annuity? Do you mean interest rates? Gill Sorry, I meant interest ...
by jalbert
Fri Dec 01, 2017 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: I'm 100% international with VEU. Is this wise?
Replies: 57
Views: 3141

Re: I'm 100% international with VEU. Is this wise?

I don't pretend I can predict when market will turn, so I just focus on investing where i see the greatest value. Over the long run, the value will win out every time. The question to ask is why are US stocks priced at a larger PE multiple? The institutional investors who drive market values are ve...
by jalbert
Fri Dec 01, 2017 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: I'm 100% international with VEU. Is this wise?
Replies: 57
Views: 3141

Re: I'm 100% international with VEU. Is this wise?

So were US stocks cheaper in 1999 then?
by jalbert
Fri Dec 01, 2017 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: I'm 100% international with VEU. Is this wise?
Replies: 57
Views: 3141

Re: I'm 100% international with VEU. Is this wise?

I find it real funny that folks think it is perfectly OK to have 100% of your stocks in US equities but accuse someone who is 100% international of being a gambler. US stocks haven't been this expensive since 1999/2000.. Look how that turned out. How it turned out is that US stocks outperformed non...