Search found 118 matches

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: 315

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: 315

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 cer...
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: 315

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 develope...
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: 302

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: 474

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: 1529

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: 861

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 a...
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: 3591

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: 861

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: 6244

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: 5553

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: 861

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: 5553

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 Be...
by jbranx
Mon Jul 17, 2017 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Why Not REIT's?
Replies: 47
Views: 4305

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: 4305

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: 4305

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 undi...
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: 2806

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: 2
Views: 420

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: 550

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: 550

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: 550

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...
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: 734

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 prett...
by jbranx
Mon Jul 10, 2017 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on individual dividend investing?
Replies: 80
Views: 5189

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: 1310

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: 11387

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: 11387

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: 11387

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...
by jbranx
Sat Jul 08, 2017 1:19 pm
Forum: Investing - Theory, News & General
Topic: New Information, New Viewpoint on Investing?
Replies: 28
Views: 2407

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: 976

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.
by jbranx
Sat Jul 08, 2017 12:37 pm
Forum: Investing - Theory, News & General
Topic: Weak Evidence for International in Vanguard Research - Am I Missing Something?
Replies: 74
Views: 5004

Re: Weak Evidence for International in Vanguard Research - Am I Missing Something?

My impression is that most of the US megacorps engage in currency hedging, so that complicates any effort to try to sort out with great precision the currency effects. Gold and metals companies hedge, airlines hedge on fuel costs, and the currency markets win the race in value traded every day. Ques...
by jbranx
Fri Jul 07, 2017 8:36 pm
Forum: Investing - Theory, News & General
Topic: Weak Evidence for International in Vanguard Research - Am I Missing Something?
Replies: 74
Views: 5004

Re: Weak Evidence for International in Vanguard Research - Am I Missing Something?

I always enjoy reading these threads on domestic vs. international vs. World, so I hope the issue doesn't get settled! Something in passive has to be fun. To my SO's great annoyance, for decades in our foreign travels I have always visited every grocery/pharmacy/retail store I can squeeze in to see ...
by jbranx
Fri Jul 07, 2017 2:51 am
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 13512

Re: Dividend Misunderstandings & Only Spend Return

Good discussion. Whoever planted this dividend seed was quite a farmer; it's a stalk that won't fall. John Burr Williams may get some of the credit/blame from his Depression-era "Theory of Investment Value." Popular book in its day and has actually been celebrated as a good read by Warren ...
by jbranx
Fri Jul 07, 2017 12:38 am
Forum: Investing - Theory, News & General
Topic: High Stock Returns in a Low-Growth World?
Replies: 63
Views: 5129

Re: High Stock Returns in a Low-Growth World?

The numbers derived from E/P, especially non-US, seem entirely reasonable for the far horizon. I haven't drilled down in the buyback data lately, but it used to be that the net buyback was not large. That has probably changed with the heavyweights like Apple, but the other thing that has characteriz...
by jbranx
Thu Jul 06, 2017 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: Where else to invest?
Replies: 13
Views: 1091

Re: Where else to invest?

Poe, I've gone through some of your posts since last September and think I better understand what you are asking. A good idea would be to use the "edit" function and supply the additional information posters have asked for. As well, many posters might feel more confident in providing sugge...
by jbranx
Thu Jul 06, 2017 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Where else to invest?
Replies: 13
Views: 1091

Re: Where else to invest?

Poe, small "infractions" like a "little dog" and a little of this and that and you'll be working when you're 70!!! I'm kidding. Yes, the Dept. of Labor claims each child costs $250K or something like that, a number I cannot believe. Enjoy the dog! If you haven't already, Taylor's...
by jbranx
Thu Jul 06, 2017 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Where else to invest?
Replies: 13
Views: 1091

Re: Where else to invest?

You might check the Classic Bernstein threads that Simplegift has compiled, link below, where I think he has discussed the amount one must save to retire early, but at the early age of 40, it's likely a very high number, even 50X living expenses since you live in a very expensive city. There is no p...
by jbranx
Thu Jul 06, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand this preferred stock
Replies: 11
Views: 939

Re: Help me understand this preferred stock

Kerplunk, looking a bit more at the co-op, here's something else re diversification you might point out to your father, though I'm certain as a long-time employee and preferred owner he knows this already. While the firm is profitable, most of the earnings are in the petroleum segment. So, given the...
by jbranx
Wed Jul 05, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand this preferred stock
Replies: 11
Views: 939

Re: Help me understand this preferred stock

Kerplunk, one clear pro might be to say, "Dad, you were right, this has been a great investment. Maybe sell it for the gains and take advantage of a great opportunity to diversify into Taylor's Three Fund Portfolio." As far as cons go, you probably know them all as a BH. He's very overweig...
by jbranx
Wed Jul 05, 2017 4:47 pm
Forum: Investing - Theory, News & General
Topic: Are risk factors just ways to take on additional risk?
Replies: 36
Views: 2212

Re: Are risk factors just ways to take on additional risk?

Here's a link to the latest factor report from S&P. Interesting to look at the 10 and 15 year return and volatility for some of the factors. They send this out as part of their index report feeds, though this is the first time I can recall getting it. https://pages.marketintelligence.spglobal.co...
by jbranx
Tue Jul 04, 2017 6:37 pm
Forum: Investing - Theory, News & General
Topic: High Stock Returns in a Low-Growth World?
Replies: 63
Views: 5129

Re: High Stock Returns in a Low-Growth World?

Thanks very much for the link and the discussion, Simplegift. I've been debating with myself about adding more global/and international to my weightings, and also, wondering why not reduce my fixed income holdings. Bernstein a few years back had an essay that said the very long-term risk premium was...
by jbranx
Tue Jul 04, 2017 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand this preferred stock
Replies: 11
Views: 939

Re: Help me understand this preferred stock

Ha Ha! Just did the ticker lookups on Fidelity for the preferreds and then CHS and up came Chico's. I didn't follow the original link either. The analysis of the preferreds is accurate anyway but the underlying company analysis needs a little "dressing up." Here's a long piece from Seeking...
by jbranx
Tue Jul 04, 2017 4:06 am
Forum: Investing - Help with Personal Investments
Topic: REITs in Total International Stock Index fund?
Replies: 2
Views: 516

Re: REITs in Total International Stock Index fund?

Vanguard doesn't show the breakdown, but M'star's X-Ray shows 4.01%. I presume V. must count them as financials. MSCI ACWI, which VXUS used to follow rather than the current FTSE, has 3% reits, according to M. X-Ray. IXUS, the Ishare, shows 4.35%, M. says.
by jbranx
Tue Jul 04, 2017 3:02 am
Forum: Personal Finance (Not Investing)
Topic: Sell taxable stock for 20% downpayment or HELOC
Replies: 9
Views: 644

Re: Sell taxable stock for 20% downpayment or HELOC

Congratulations on the new home, better schools, and a shorter commute! I would chat up my mortgage banker/loan officer and see what suggestions they might have. Only problem with Helocs is that they track the Fed action, but you may be intending to pay it down quickly. I've been in similar situatio...
by jbranx
Mon Jul 03, 2017 7:30 pm
Forum: Personal Consumer Issues
Topic: Hearing aid help
Replies: 15
Views: 879

Re: Hearing aid help

Hi Bob, I've been wearing aids in both ears since 1990 and have had pairs from quite a few manufacturers. My wife as well now has aids. I don't have any personal experience with Costco, except that I have heard many users say they have good luck with them and appreciate the much lower cost. My broth...
by jbranx
Mon Jul 03, 2017 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand this preferred stock
Replies: 11
Views: 939

Re: Help me understand this preferred stock

I have traded preferred stocks for a couple decades but never owned this one. The issuing company is a non-listed farm cooperative. The preferreds are callable at $25 per share in 2023 and 2025 respectively. You can find more detailed information on the links below from http://www.quantumonline.com,...
by jbranx
Mon Jul 03, 2017 4:28 am
Forum: Investing - Help with Personal Investments
Topic: Am I nuts? Buy dividend paying stocks to pay down LOC?
Replies: 13
Views: 1302

Re: Am I nuts? Buy dividend paying stocks to pay down LOC?

I'd pay down the line of credit. NLY, a mortgage reit, and TICC, a business development company, are both very volatile, and are representative of the kind of stocks one has to purchase to get more than 3.85% in dividends. While you may do well for a time in stocks like these, they have high dividen...
by jbranx
Mon Jul 03, 2017 12:47 am
Forum: Investing - Help with Personal Investments
Topic: Donate shares or cash to charity?
Replies: 19
Views: 1123

Re: Donate shares or cash to charity?

I'll second the suggestion on the Fidelity Charitable Gift Trust. I've used a variety of channels for donating stock/cash in the past and found that Fidelity's DAF is the best by far. Flawless to set up, make the donation, and then donate to the charity/charities of choice. There is a link to all 50...
by jbranx
Sun Jul 02, 2017 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Grandson's request for advice
Replies: 37
Views: 3495

Re: Grandson's request for advice

By the way, as an alternative to penny stocks I recall reading recently (not on Bogleheads, I think) of an investment platform structured for young people - allowing them to invest in any stock but at an incremental, less than full-share cost. There was a subscription cost but it was reasonable. Her...
by jbranx
Sun Jul 02, 2017 3:49 am
Forum: Investing - Help with Personal Investments
Topic: Grandson's request for advice
Replies: 37
Views: 3495

Re: Grandson's request for advice

If I recall correctly, Warren Buffet's first purchase was Citco preferred or something that he didn't make any money on. He was a chartist in his early days until he figured out it didn't work, and then only came to see the benefits of stocks besides "cigar butts" when Munger got him to re...

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