Search found 149 matches

by jbranx
Fri Feb 16, 2018 11:00 am
Forum: Personal Consumer Issues
Topic: Scottsdale, AZ - 2 day business trip
Replies: 23
Views: 1577

Re: Scottsdale, AZ - 2 day business trip

Museum of the West downtown has been voted the best museum of the Old West. http://scottsdalemuseumwest.org/ The art walk downtown will take you to lots of galleries that have both western, native American, and modern art themes. Spring training has started, so the crowds are growing. I agree the bo...
by jbranx
Sun Feb 04, 2018 12:49 am
Forum: Investing - Help with Personal Investments
Topic: S&P 500 Growth vs Value Indexes
Replies: 3
Views: 444

Re: S&P 500 Growth vs Value Indexes

The link below to the S&P Indices site will explain how the two are derived. The link is to the Growth one but you can see the link to the Value one and the Fact Sheets for both.

http://us.spindices.com/indices/equity/sp-500-growth
by jbranx
Wed Jan 24, 2018 12:08 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 77
Views: 9090

Re: The Power of Working Longer

Thanks much 529. I missed the thread in my search.
by jbranx
Tue Jan 23, 2018 11:44 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 77
Views: 9090

The Power of Working Longer

[merged jbranx's post and its replies into this existing thread - moderator prudent] This Bloomberg article references a new NBER paper on the "power of working longer" that is available for download on SSNR for $5: https://www.bloomberg.com/view/articles/2018-01-23/the-remarkable-financial-benefit...
by jbranx
Sun Jan 14, 2018 4:41 am
Forum: Personal Finance (Not Investing)
Topic: Tax: Donating K-1 Partnership
Replies: 4
Views: 349

Re: Tax: Donating K-1 Partnership

Think you will report the price the broker reported as the value of the contribution. You will receive a K-1 from Powershares/Invesco and will need to report it on your return. They will have the calculations you need for reporting purposes. At least that is my reckoning as someone who gets K-1's th...
by jbranx
Fri Jan 12, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: mlp's Master Limited Partnerships
Replies: 26
Views: 1808

Re: mlp's Master Limited Partnerships

I have used them in my "play money" accounts for several years. The K-1's are nightmares sometimes, though TTax and other programs can handle the less complicated situations. Yields are high in those related to energy at the moment, but investment quality is highly varied. Some that were mainstays d...
by jbranx
Fri Jan 12, 2018 4:05 am
Forum: Personal Consumer Issues
Topic: Antarctica [anyone traveled there?]
Replies: 34
Views: 2899

Re: Antarctica [anyone traveled there?]

My wife refuses to vacation anywhere that has "ice" or "artic" in it's name. Is there a Four Seasons there? Some of the ships that cruise there now are much nicer than Four Seasons and she doesn't have to get close to the ice. In the old days when the Prinsendam pioneered cruising there with a Norw...
by jbranx
Fri Jan 12, 2018 1:43 am
Forum: Personal Finance (Not Investing)
Topic: Finding a preparer for complex tax returns and consultation
Replies: 7
Views: 699

Re: Finding a preparer for complex tax returns and consultation

I've had similar experiences with CPA firms, also having lost confidence in them after learning newbies do most of the work, don't know tax law in many states, etc., resulting in me having to pay penalties to states. Last dozen years I have done my own using TT, consulting some of their recommended ...
by jbranx
Fri Jan 12, 2018 1:13 am
Forum: Personal Consumer Issues
Topic: Antarctica [anyone traveled there?]
Replies: 34
Views: 2899

Re: Antarctica [anyone traveled there?]

It's a great journey for sure. DW and I were there as part of the 68-day Prinsendam (Holland America) trip around S. America in 2008. Take a good camera with a lens that will allow you to focus on icebergs and penguins at a distance. The winds can be awful for sure; the Drake Passage fully deserves ...
by jbranx
Sat Dec 02, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason not to exit muni bonds now?
Replies: 8
Views: 1175

Re: Any reason not to exit muni bonds now?

Can someone explain why munis are expected to be less valuable? I assume the lowering of the top rates would lead some to conclude that munis would be less in demand. However, other provisions would cut muni issuance by one-third, according to Joe Mysak, a Bloomberg columnist who has spent a career...
by jbranx
Wed Nov 29, 2017 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Claim S.S. and Invest it
Replies: 13
Views: 2099

Re: Claim S.S. and Invest it

Part of the answer to the question is one's tax bracket. SS is taxable by the feds and by many states, so you would have less to invest and have to have a very high total market return to come out anywhere close to even. A "guaranteed" 8% each year up to age 70 is hard to beat considering that numbe...
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: 1707

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: 638

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: 896

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: 4941

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: 752

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: 752

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: 1109

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: 613

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: 1762

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: 1762

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: 1786

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: 3299

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: 2222

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: 1943

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: 35
Views: 3790

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: 18
Views: 2542

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: 1672

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: 56036

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: 980

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: 37305

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: 699

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: 699

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: 699

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: 555

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: 706

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: 1996

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: 1343

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: 4201

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: 1343

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: 84
Views: 9625

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: 6971

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: 1343

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: 6971

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: 5622

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: 5622

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: 5622

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: 3346

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: 1200

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...