Search found 138 matches

by jbranx
Fri Oct 27, 2017 11:27 pm
Forum: Personal Consumer Issues
Topic: Need a good cover crop recommendation for home garden
Replies: 20
Views: 1530

Re: Need a good cover crop recommendation for home garden

Rye grass varieties work well usually. I've planted it both in TN and CO and got good garden results. Crown Vetch is another option if you have lots of water and want a great nitrogen depositor with deep roots. It blooms in the summer and looks pretty nice, easily chokes weeds, and isn't too difficu...
by jbranx
Fri Oct 27, 2017 2:31 pm
Forum: Investing - Theory, News & General
Topic: Has Anyone Read The Fama Portfolio: Selected Papers of Eugene F. Fama?
Replies: 3
Views: 519

Re: Has Anyone Read The Fama Portfolio: Selected Papers of Eugene F. Fama?

I just ordered a copy from Amazon after reading the contents from the U. of Chicago book site. They say an electronic edition will be published.

http://press.uchicago.edu/ucp/books/boo ... 25408.html
by jbranx
Thu Oct 26, 2017 3:11 am
Forum: Investing - Theory, News & General
Topic: AIEQ AI Powered Equity ETF
Replies: 9
Views: 661

Re: AIEQ AI Powered Equity ETF

---Given the sales pitch, I was surprised the ER was only 75 basis points. ---I know Watson can play Jeopardy well, but the stock market is a super complex adaptive mechanism with millions of people's inputs--some with true inside information--so I wonder if AI is yet up to this game. ---The expecta...
by jbranx
Thu Oct 26, 2017 2:31 am
Forum: Investing - Help with Personal Investments
Topic: How Well Do You Know About Retirement Income?
Replies: 40
Views: 4541

Re: How Well Do You Know About Retirement Income?

34 of 38. I'm old enough to have a "pre-TEFRA" annuity but I've never looked at them since the good old days when you could get a double-digit return and take the original principal out before any interest was considered distributed. That ended in 1982. Actually, another reason is that I read a Cana...
by jbranx
Wed Oct 25, 2017 11:58 pm
Forum: Investing - Theory, News & General
Topic: iShares REIT ETF
Replies: 4
Views: 593

Re: iShares REIT ETF

Very helpful. So it seems comparable to VNQ (despite different underlying indices). If it's been around for a while, it probably has high volume and low spreads, unlike some of the other commission free index funds that TDA just launched. That's a good observation. Fidelity has lots of free trades ...
by jbranx
Wed Oct 25, 2017 11:19 pm
Forum: Investing - Theory, News & General
Topic: iShares REIT ETF
Replies: 4
Views: 593

Re: iShares REIT ETF

The eye-catching difference is that USRT has an expense ratio of 8 bp vs 44 for IYR. USRT was part of the Ishares' attempt to counter Vanguard's lower ETF expense ratios with the "Core" series. IYR is the older fund that launched with the old Dow Jones Reit Index before the S&P acquisition of the in...
by jbranx
Wed Oct 25, 2017 2:18 am
Forum: Investing - Help with Personal Investments
Topic: How to generally tell how much your mutual fund investments grew in value excluding direct contribution?
Replies: 8
Views: 987

Re: How to generally tell how much your mutual fund investments grew in value excluding direct contribution?

Fidelity's "Performance" tab calculates time-weighted returns similar to the formula on the BH wiki. No additional inputs are needed from the investor. The XIRR function in Excel also does the calculation but you must provide all the inputs. Money managers are required by regulation to use the same ...
by jbranx
Tue Oct 24, 2017 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in muni index funds- what to look for
Replies: 4
Views: 511

Re: Investing in muni index funds- what to look for

VTEB's expense ratio at 9 bp is cheaper than Ishares MUB at 25 bp. Both follow the same index, the S&P National AMT Free. At your federal rate the VTEB yield of 1.94% is equivalent to 3.21%. In bond funds the lower expense is generally the best to go with. Vanguard's Intermediate Muni mutual fund is...
by jbranx
Mon Oct 23, 2017 9:16 pm
Forum: Investing - Theory, News & General
Topic: What does a bond crash look like?
Replies: 20
Views: 1612

Re: What does a bond crash look like?

The duration of Vanguard's bond index fund is currently 6.1%, so a one percent increase in interest rates would result in approximately a 6% reduction in the value of the fund. Like with stocks, knowing what one owns and why it is owned is the key to being comfortable with bonds. Bonds are frequent...
by jbranx
Mon Oct 23, 2017 6:50 pm
Forum: Investing - Theory, News & General
Topic: What does a bond crash look like?
Replies: 20
Views: 1612

Re: What does a bond crash look like?

The 1970's thru the early 80's was the last time we had a good bond crash. During that era, when inflation roared, bonds were deemed "certificates of confiscation." The amount of loss can be roughly calculated by finding the bond's duration, frequently defined as "time to even" given the coupon paym...
by jbranx
Sun Oct 22, 2017 7:03 pm
Forum: Personal Consumer Issues
Topic: New York restaurants suggestions?
Replies: 18
Views: 1553

Re: New York restaurants suggestions?

Just look at the major restaurant review sites for the neighborhood (s) you will be in. NYC reviewers are the toughest anywhere. If in Midtown, you can stroll down 8th or 9th Ave. and pretty much pick any restaurant (espc. Italian) and do fine; just make sure you've checked the online reviews. Same ...
by jbranx
Thu Oct 19, 2017 2:33 am
Forum: Personal Consumer Issues
Topic: Business Laptop Suggestions Request
Replies: 36
Views: 2969

Re: Business Laptop Suggestions Request

I've pretty much used all the brands over the years with MC or my own home use. Lenovo Thinkpads have consistently since IBM days been the most reliable for long-term use. I currently have the T470 with SSD 14in and find it super in all respects. Their website and other support is very good. This la...
by jbranx
Thu Oct 19, 2017 2:00 am
Forum: Personal Finance (Not Investing)
Topic: medicare supplement
Replies: 29
Views: 2069

Re: medicare supplment

We've been very happy with AARP's deal with United Health Care Plan F for several years. I understand that Plan F will go away soon for new applicants, and it appears most folks are recommending Plan G as the best remaining one. We went with F because it paid for overseas relocation. Admittedly the ...
by jbranx
Thu Sep 28, 2017 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Stockpile Website
Replies: 8
Views: 1757

Re: Stockpile Website

Today's WSJ says Fidelity has invested in Stockpile's latest funding round. As a Fido customer, I notice a couple features that are better than what we currently have: the ability to auto-invest in ETF's and stocks. So, it would be easy to do a monthly or so VT or VTI, VXUS or BND or 3Fund (also Ish...
by jbranx
Sun Sep 24, 2017 1:58 am
Forum: Investing - Theory, News & General
Topic: Warren Buffett Books
Replies: 22
Views: 2154

Re: Warren Buffett Books

The Making of An American Capitalist is best for understanding his approach to business and investing. Snowball is pretty exhausting and goes into great detail on his personality characteristics. It's also fun to read the collection of annual letters to shareholders that are free online at the BRKA ...
by jbranx
Sun Sep 24, 2017 1:51 am
Forum: Personal Consumer Issues
Topic: Favorite small Colorado towns near great fishing?
Replies: 10
Views: 1376

Re: Favorite small Colorado towns near great fishing?

Montrose is a good spot. Close to the Gunnison River where Pres. Carter does his casting occasionally. Uncompahgre runs thru the town and there are lots of good spots for trout, especially for rainbows right below the Ridgway Dam. The East Portal adjacent to the Black Canyon National Park is great f...
by jbranx
Mon Sep 18, 2017 3:57 pm
Forum: Investing - Theory, News & General
Topic: Hello and a Question ["The Little Book That (Still) Beats the Market"]
Replies: 11
Views: 1564

Re: Hello and a Question ["The Little Book That (Still) Beats the Market"]

Most of these formularic schemes assume a world that does not exist: An unlimited ability to buy and sell. That's not a problem for a formula but it is for an individual. Think the Value Line system vs. the Value Line mutual funds, for ex. Inevitably, the frictional costs of bid/ask and expense rati...
by jbranx
Fri Sep 15, 2017 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 50198

Re: Equifax customer information leak

Equifax's web tool told me earlier in the week that it believed both me and my wife were impacted by the leak; a few minutes ago, the same equifaxsecurity.com said we were not leaked. I have several bridges to sell. I signed up over the weekend for the free monitoring and was told I'd receive an ema...
by jbranx
Fri Sep 01, 2017 1:36 am
Forum: Investing - Help with Personal Investments
Topic: Preferred stocks
Replies: 8
Views: 837

Re: Preferred stocks

Hi- I am a longtime Vanguard fund investor. I inherited some preferred stocks & corporate bonds, currently held at Vanguard. I want to sell them (strategically) and invest in Vanguard funds. I gather timing can affect how much of a discount (haircut) you take. Neither my CFP nor my Flagship rep can...
by jbranx
Mon Jul 24, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 34982

Re: John Bogle Has Been Right About Investing In International Stocks

After reading all the threads on this topic of domestic vs. international, it appears to me that each investor has to find their own proximate solution to an insoluble problem. I'm with Buffet, Bogle, and JP Morgan that it doesn't pay to be short America, but I think it's worth considering that it m...
by jbranx
Mon Jul 24, 2017 12:23 pm
Forum: Investing - Theory, News & General
Topic: S&P Foreign Sales Decline a Bit for 2016
Replies: 8
Views: 610

Re: S&P Foreign Sales Decline a Bit for 2016

One would expect non-US corporations can eventually capture a portion of the current US foreign sales as local products improve in quality and have a cost advantage over shipped goods from here. Right. We are already seeing this trend, I believe, especially in many emerging markets, where local com...
by jbranx
Mon Jul 24, 2017 10:42 am
Forum: Investing - Theory, News & General
Topic: S&P Foreign Sales Decline a Bit for 2016
Replies: 8
Views: 610

Re: S&P Foreign Sales Decline a Bit for 2016

S&P has a report out this weekend that foreign sales for the 500 declined slightly for 2016 to 43.2%, down from 44.3% in 2015. Not to get into the political aspects of this, but we may see this trend continuing in the years ahead. The impact of the recent “de-globalization” movement will be certain...
by jbranx
Mon Jul 24, 2017 9:08 am
Forum: Investing - Theory, News & General
Topic: S&P Foreign Sales Decline a Bit for 2016
Replies: 8
Views: 610

S&P Foreign Sales Decline a Bit for 2016

S&P has a report out this weekend that foreign sales for the 500 declined slightly for 2016 to 43.2%, down from 44.3% in 2015. The record was 2014 at 47.8%. I presume the stronger dollar was partly the explanation, and it has been falling this year. The global recovery this year in both developed an...
by jbranx
Wed Jul 19, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Exchanging FLTMX for VTEB in taxable Fidelity account
Replies: 9
Views: 440

Re: Exchanging FLTMX for VTEB in taxable Fidelity account

No real reason other than inertia. My 401k is in Fido, so have to be there no matter what for that. I don't want to have to start visiting two sites. Good a reason as any I suppose. I keep my taxable in Vanguard and my i401K at Fidelity just for this reason, but I certainly get it if someone doesn'...
by jbranx
Wed Jul 19, 2017 12:57 am
Forum: Investing - Help with Personal Investments
Topic: What has a ticker and is analogous to residential investment property for asset allocation?
Replies: 9
Views: 623

Re: What has a ticker and is analogous to residential investment property for asset allocation?

I guess you could also just use one of the res. reits that most closely matches the target asset. Sam Zell's Equity Res. Trust, EQR, has 153,000 apartment units all across the country. VNQ has so much retail (20%) that it's not a good match I guess.
by jbranx
Tue Jul 18, 2017 1:55 am
Forum: Investing - Help with Personal Investments
Topic: What Major Companies are Not Included in Standard Vanguard Index Funds?
Replies: 14
Views: 1840

Re: What Major Companies are Not Included in Standard Vanguard Index Funds?

Actually, Samsung is the second largest holding in VXUS after Nestle. Not sure about Alibaba; someone will chime in shortly I'm sure! BABA may go in when the MSCI inclusions happen to funds that follow it, if not already. I dunno. Truth be told, stratified random sampling of the available securities...
by jbranx
Tue Jul 18, 2017 1:40 am
Forum: Investing - Theory, News & General
Topic: Good Fidelity bond funds for IRA?
Replies: 11
Views: 1123

Re: Good Fidelity bond funds for IRA?

Would it be a good idea to hold multiple bond index funds in an IRA? That depends on what bond duration you want; the Fidelity Intermediate is a good one I like at about 6.5 years. The Fidelity FSITX is 5.8 years. Think of duration as "time to even." They can go down as rates rise, so I add more sh...
by jbranx
Tue Jul 18, 2017 1:21 am
Forum: Investing - Theory, News & General
Topic: Why the world's biggest investor backs the simplest investment
Replies: 25
Views: 4031

Re: Why the world's biggest investor backs the simplest investment

It's kind of fascinating to read about indexing history and who gets credit(s). Bill Fouse at Wells for sure. Univ. of KY MBA saxophone player whose first index fund was based on the NYSE list! American National Bank was doing the same about the same time. Samsonite Luggage family put up the first d...
by jbranx
Tue Jul 18, 2017 12:50 am
Forum: Investing - Theory, News & General
Topic: Good Fidelity bond funds for IRA?
Replies: 11
Views: 1123

Re: Good Fidelity bond funds for IRA?

OK. I wonder if a multi-sector bond fund would be a good choice, since it includes US government bonds but also corporate bonds. I just looked, some of these bond index funds have high expense ratios. I wonder if it's worth the cost. FSITX that I mentioned above is multi-sector, Fidelity's version ...
by jbranx
Tue Jul 18, 2017 12:34 am
Forum: Personal Consumer Issues
Topic: Is it Safe to Get Your DNA Tested?
Replies: 71
Views: 7133

Re: Is it Safe to Get Your DNA Tested?

My wife and I weighed all these issues before ultimately deciding, mainly for medical reasons, to do the tests. In my case, a GI doc who cared more than I do, shipped off a specimen to two university labs for genetic testing for my condition without my permission! So, I decided I might as well do 23...
by jbranx
Mon Jul 17, 2017 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice for $4 million - can I do all stocks?
Replies: 72
Views: 6449

Re: Investment advice for $4 million - can I do all stocks?

Celia's suggestions above re charitable giving are very good. DW and I have no kids but have selected one highly responsible niece and one equally disciplined Boglehead nephew to administer our Fidelity Charitable Gift Fund on our demise. Additionally, for the other heirs, we ask them each year to s...
by jbranx
Mon Jul 17, 2017 11:32 pm
Forum: Investing - Theory, News & General
Topic: Good Fidelity bond funds for IRA?
Replies: 11
Views: 1123

Re: Good Fidelity bond funds for IRA?

A protected bond index would be a TIPS fund that protects against inflation. The ticker for the Fidelity one is FSIYX, 10K minimum. Ditto for those below as well: Intermediate Gov. Treasury: FIBAX Short Gov. Treas: FSBAX Long Gov: FLBAX All these are gov bond indexes, competitive expense ratios. FSI...
by jbranx
Mon Jul 17, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice for $4 million - can I do all stocks?
Replies: 72
Views: 6449

Re: Investment advice for $4 million - can I do all stocks?

You might check out the Bill Bernstein "Classics" that Simplegift has compiled. The idea of a Liability Matching Portfolio when one is approaching "enough" is pretty compelling to folks who judge they have won the game, so to speak. "Rational Expectations" is a great Bernstein read. There have been ...
by jbranx
Mon Jul 17, 2017 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Why Not REIT's?
Replies: 47
Views: 5107

Re: Why Not REIT's?

Which has serious tax consequences. Unlike most other stocks and stock funds, REIT dividends are never qualified, which means they are taxed at your higher marginal rate rather than at the long-term capital rate applied to qualified dividends. I get confused by this. I own some VNQ, but it's in my ...
by jbranx
Mon Jul 17, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Why Not REIT's?
Replies: 47
Views: 5107

Re: Why Not REIT's?

Concentrating in any sector is inherently riskier than owning the total stock market. No. The odd thing about diversification is that if one adds a risky asset class with a low correlation to the rest of your portfolio you get a less risky portfolio. REITs, unlike any other sector, has a prescient ...
by jbranx
Mon Jul 17, 2017 5:59 am
Forum: Investing - Help with Personal Investments
Topic: Why Not REIT's?
Replies: 47
Views: 5107

Re: Why Not REIT's?

Reit payouts are very low compared to historical, e-commerce is killing a lot of malls, and mall visits are down even in some of the very popular ones. Reits just became the 11th sector in the Global Industry Classification System (S&P and MSCI joint venture) testifying that they are not an undiscov...
by jbranx
Mon Jul 17, 2017 1:27 am
Forum: Personal Consumer Issues
Topic: Anyone have a second home in The NC mountains?
Replies: 25
Views: 3172

Re: Anyone have a second home in The NC mountains?

Grew up in the Blue Ridge. You'll have to get to the higher elevations at least towards 3000 ft. if you want the cooler temps. Temp. lapse rate is 2.5 degrees per thousand feet, so it's fairly easy to calculate how much cooler a spot would be above the coast. In NC something closer along the Blue Ri...
by jbranx
Mon Jul 17, 2017 12:54 am
Forum: Personal Consumer Issues
Topic: Suggestions for Month in the South Pacific?
Replies: 8
Views: 1139

Re: Suggestions for Month in the South Pacific?

Tahiti or Fiji maybe. One of the Samoas if you search carefully. New Caledonia is also a delight if you like something closer to the Aussies. Tahiti gets a lot of visitors and deserves to. Fiji not so much and cheap and friendly. Bora Bora is on a lot of hot lists, but I found it very boring spot on...
by jbranx
Wed Jul 12, 2017 1:31 am
Forum: Investing - Help with Personal Investments
Topic: Really new with investing money and need help
Replies: 13
Views: 712

Re: Really new with investing money and need help

Ascension, there are several threads on Robin Hood on this site; just go to the search box above. It would appear that while the digital advantages are high, there are inconveniences that one would want to consider for long-term investment purposes. At the moment the firm is very dependent on ventur...
by jbranx
Tue Jul 11, 2017 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Really new with investing money and need help
Replies: 13
Views: 712

Re: Really new with investing money and need help

I don't have any personal experience with Robin Hood. I know there have been questions about their viability given that they charge zero for trades. Apparently they have nice apps for the digital age. It's easy to go to Vanguard.com and set up an account, or call them. You might also look at V. Tota...
by jbranx
Tue Jul 11, 2017 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Really new with investing money and need help
Replies: 13
Views: 712

Re: Really new with investing money and need help

If your friends know the market is crashing and are investment savvy enough to take seriously, then they are all short the market and will soon be filthy rich! And you should hope they are right, since you can buy the market at some great discount. I suggest you read Dr. Wm. Bernstein's "If you Can"...
by jbranx
Tue Jul 11, 2017 12:43 am
Forum: Investing - Theory, News & General
Topic: Question about differences: Vanguard / Fidelity balanced funds.
Replies: 6
Views: 875

Re: Question about differences: Vanguard / Fidelity balanced funds.

Tom, I put all the funds in Fidelity's "compare" function and it looks like all of them are close to equal in performance. Can't export it to here. Wellington usually wins when I do the compare function. V. Balanced Index will throw off far less taxable than any of them. Wellesley is pretty bond hea...
by jbranx
Mon Jul 10, 2017 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on individual dividend investing?
Replies: 80
Views: 6011

Re: Thoughts on individual dividend investing?

jb1, the suggestions/link you already have will provide you good information to answer your question. In addition, I would suggest you look at the yield of Exxon, Chevron, Total, Royal Dutch etc. to see that the market has made a judgment on which firms have the least/most risk. BP has a high yield ...
by jbranx
Sun Jul 09, 2017 12:29 am
Forum: Investing - Theory, News & General
Topic: Recent absence of advantage for the "classic factors strategy"
Replies: 17
Views: 1531

Re: Recent absence of advantage for the "classic factors strategy"

Very good information. Thanks. I've got some factor tilts/funds (MTUM and LRGF) in addition to usual suspects like small value and quality. I recall Bernstein saying somewhere that growth outperforms during low-inflation periods, so maybe that is one explanation for the near-term results for value. ...
by jbranx
Sat Jul 08, 2017 11:46 pm
Forum: Investing - Theory, News & General
Topic: "Bond wipeout has just begun"???
Replies: 84
Views: 12455

Re: "Bond wipeout has just begun"???

I assumed he meant: hold each bond fund for at least as long as the average duration of the fund. But I could be wrong. Correct. Mel is stating the conventional wisdom that applies to any bond fund holder. Umm, not sure if this apply to Bond Funds - may be only for individual bonds. Yes, we're talk...
by jbranx
Sat Jul 08, 2017 10:38 pm
Forum: Investing - Theory, News & General
Topic: "Bond wipeout has just begun"???
Replies: 84
Views: 12455

Re: "Bond wipeout has just begun"???

All the pundits were saying rates were headed much higher this year; look at EDV, Vanguard's Extended Duration Treasury ETF (duration 24.7 years!). It's up 8.7% this year. According to Vanguard it is up 6.09% YTD, as of 7/7/2017, but was up 8.74% YTD, as of 6/30/2017, WOW! Also if you look at the 1...
by jbranx
Sat Jul 08, 2017 9:46 pm
Forum: Investing - Theory, News & General
Topic: "Bond wipeout has just begun"???
Replies: 84
Views: 12455

Re: "Bond wipeout has just begun"???

Pundits may be trying to scare us about the low yields/coming bust of bonds, but to anyone else in the developed world, ours are a great buy. Think of "duration" not only as a risk measure, but as "time to even" if you reinvest the dividends. If BND (Vanguard ETF of the Bloomberg Agg.) declines, I j...
by jbranx
Sat Jul 08, 2017 1:19 pm
Forum: Investing - Theory, News & General
Topic: New Information, New Viewpoint on Investing?
Replies: 28
Views: 2703

Re: New Information, New Viewpoint on Investing?

I knew my mother was right, but that didn’t change the way I felt about things. People always think that if they can prove they’re right, you’ll change your mind. I wonder where you got that idea from? I mean, the idea that it's feeble to change your mind once it's made up. That's a wrong idea, you...
by jbranx
Sat Jul 08, 2017 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: What Vanguard International Index Fund?
Replies: 10
Views: 1192

Re: What Vanguard International Index Fund?

My preference also is VXUS, the ETF, or VGTSX, the mutual fund. Admiral shares also. On percentage, many do 20% international, following Mr. Bogle's recommendation; others do up to 40%, following the current Vanguard suggestion.