Search found 1594 matches

by jhfenton
Mon Feb 27, 2017 10:42 am
Forum: Investing - Theory, News & General
Topic: Buffett interview Monday 2/27
Replies: 30
Views: 2838

Re: Buffett interview Monday 2/27

I heard he is heavily invested in Apple Either he is very smart or I am really stupid From Annual Report Shares 61,242,652 Apple Inc. :mrgreen: Early in the show this morning, he revealed that number more than doubled in January. He said that it's more like 140 million shares, all purchased prior t...
by jhfenton
Sun Feb 26, 2017 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: VKQ Invesco Municipal Trust
Replies: 7
Views: 386

Re: VKQ Invesco Municipal Trust

It could literally be a long-term investment. The fund has been in existence since 1991. But to me, the long-term return isn't justified by the risk. It seems rather tame for its category, but I haven't seen a leveraged muni CEF that I find compelling. If you compare it to the muni I have a little m...
by jhfenton
Sun Feb 26, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: VKQ Invesco Municipal Trust
Replies: 7
Views: 386

Re: VKQ Invesco Municipal Trust

You won't find many closed-end fund fans on here. They are not low-cost, long-term investment vehicles (i.e. not very Bogleheady). I did take a quick look at VKQ on M*, and VKQ is indeed currently trading at a lower discount than it had for most of the last three years, but slightly higher than it h...
by jhfenton
Sun Feb 26, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs Schwab vs Zacks? Any experiences?
Replies: 39
Views: 1745

Re: Vanguard vs Schwab vs Zacks? Any experiences?

I have certainly heard of Zacks. They are a well-known investment research firm founded by Ben Zacks, a frequently flyer in the media. I've always considered them low-rent investment pornographers offering useless stock and mutual fund ratings. I am instantly doubtful with regard to any endeavor to ...
by jhfenton
Sun Feb 26, 2017 4:25 pm
Forum: Investing - Theory, News & General
Topic: Buffett interview Monday 2/27
Replies: 30
Views: 2838

Re: Buffett interview Monday 2/27

knpstr wrote:Post your questions to Facebook or Twitter using #AskWarren

I don't have Facebook or Twitter :annoyed

I'm sure one of us can loan you a Twitter if you want to ask a question. :beer

Or you can create a dummy Twitter account just for the purpose. They need not be personal like Facebook.
by jhfenton
Sun Feb 26, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs Schwab vs Zacks? Any experiences?
Replies: 39
Views: 1745

Re: Vanguard vs Schwab vs Zacks? Any experiences?

The original post strikes me as a commercial for Zacks with references to Schwab and Vanguard thrown in for plausibility.

And Vanguard PAS charges 0.30%, not 0.40%. Not all of other other numbers are accurate either.
by jhfenton
Sun Feb 26, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Please critique my bonds ratio
Replies: 9
Views: 526

Re: Please critique my bonds ratio

I would have zero bonds in your situation, so 15% is more than reasonable. Your future savings should dwarf your current portfolio. As your current assets become a significant portion of your total expected lifetime savings, then it's time to start dialing back. You'll get there, but you're not ther...
by jhfenton
Sun Feb 26, 2017 10:21 am
Forum: Investing - Theory, News & General
Topic: Technical Analysis
Replies: 36
Views: 1513

Re: Technical Analysis

I'm watching for the inverse baby camel head and shoulders pattern accompanied by a cross above the 200-day moving average, and then I'm going to cash. It's a foolproof signal.
by jhfenton
Sat Feb 25, 2017 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Cost of bad ETF purchase fills: Betterment vs Vanguard ETF Portfolio
Replies: 2
Views: 4279

Re: Cost of bad ETF purchase fills: Betterment vs Vanguard ETF Portfolio

Possible counters to my argument: 1. I recall seeing recent research that suggests fills on odd/small are not bad. 2. In liquid markets, like that for VWO, this effect should be negligible. 3. My assumption of $8K being a small lot is wrong. 4. If there is an effect, the full bid-ask spread is too ...
by jhfenton
Fri Feb 24, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Emerging Market Bonds: Is there any reason to choose VGAVX over VWOB?
Replies: 1
Views: 87

Re: Emerging Market Bonds: Is there any reason to choose VGAVX over VWOB?

I would go with the ETF (VWOB) over the Admiral Shares (VGAVX). VWOB typically trades with a premium, but it's usually less than 75 bp, and since it's fairly consistent, you should get it back if/when you sell. Once you pay the 75 bp purchase fee, it's gone forever. And given the underlying assets, ...
by jhfenton
Fri Feb 24, 2017 1:58 pm
Forum: Investing - Theory, News & General
Topic: VTIAX now has 0.11% ER [Vanguard Total Int'l Stock, Admiral Class]
Replies: 43
Views: 4422

Re: VTIAX now has 0.11% ER [Vanguard Total Int'l Stock, Admiral Class]

jrbdmb wrote:Alas, I'm still patiently waiting for an Admiral Shares class of this fund to open ...

Me too.
by jhfenton
Fri Feb 24, 2017 1:42 pm
Forum: Investing - Theory, News & General
Topic: VTIAX now has 0.11% ER [Vanguard Total Int'l Stock, Admiral Class]
Replies: 43
Views: 4422

Re: VTIAX now has 0.11% ER [Vanguard Total Int'l Stock, Admiral Class]

As of today, VWO/VEMAX is officially at 0.14%, and VSS/VFSVX is @ 0.13%/0.27%.

VEA/VTMGX is at 0.07% according to the annual report, but it won't be official until the April prospectus comes out.
by jhfenton
Thu Feb 23, 2017 2:15 pm
Forum: Investing - Theory, News & General
Topic: VTIAX now has 0.11% ER [Vanguard Total Int'l Stock, Admiral Class]
Replies: 43
Views: 4422

Re: VTIAX now has 0.11% ER

The ER for VTIAX (and I think all Vanguard funds) does not include transaction costs so the actual expense is higher than the ER. Not sure about funds from Fido and iShares. None of them include trading costs in the expense ratio. That's not part of the definition. Neither do they get to include se...
by jhfenton
Thu Feb 23, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard versus Dimensional
Replies: 22
Views: 2059

Re: Vanguard versus Dimensional

I don't want an advisor. I don't need an advisor. Therefore DFA doesn't want my money. That's fine. That's their business. I'm not their target customer. (Though I should be.) When DFA makes their funds available without an advisor (or they show up in my 401(k)), then I'll consider them. Until that...
by jhfenton
Thu Feb 23, 2017 8:24 am
Forum: Investing - Theory, News & General
Topic: VTIAX now has 0.11% ER [Vanguard Total Int'l Stock, Admiral Class]
Replies: 43
Views: 4422

Re: VTIAX now has 0.11% ER

Blueskies123 wrote:IXUS has had .11% for a while, they are late to the game.

Well, since Vanguard reports expense ratios in arrears, this means that VTIAX was actually at 0.11% ER last year.
by jhfenton
Wed Feb 22, 2017 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: Open vanguard CD Order
Replies: 29
Views: 1558

Re: Open vanguard CD Order

I was not aware that "brokered" CD's did not compound interest. Is this true whether new issue or secondary also through the brokerages? Brokered CDs pay interest out in cash, usually semi-annually, but sometimes quarterly or monthly. They are essentially just bonds, issued by banks, with...
by jhfenton
Wed Feb 22, 2017 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard versus Dimensional
Replies: 22
Views: 2059

Re: Vanguard versus Dimensional

I don't want an advisor. I don't need an advisor. Therefore DFA doesn't want my money. That's fine. That's their business. I'm not their target customer. (Though I should be.) When DFA makes their funds available without an advisor (or they show up in my 401(k)), then I'll consider them. Until that ...
by jhfenton
Wed Feb 22, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: VBILX vs VBTLX [Vanguard Intermediate-Term vs. Total Bond]
Replies: 48
Views: 4399

Re: VBILX vs VBTLX [Vanguard Intermediate-Term vs. Total Bond]

And the last three posts touch on the reasons I own Intermediate Government Bond Index and Short-Term Corporate Bond Index. I'm just not a fan of the higgledy-piggledy commingled bond funds. From 6/1/08 to 11/1/08, Vanguard Intermediate Treasury was up 1.7%. That's good for rebalancing. (Intermediat...
by jhfenton
Wed Feb 22, 2017 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Open vanguard CD Order
Replies: 29
Views: 1558

Re: Open vanguard CD Order

Sometimes there are better deals in the secondary market and sometimes not. I usually buy new issues. A common problem with secondary market CDs is that they are often sold above "par" and only the "par" is FDIC insured. In my experience there are always better deals in the seco...
by jhfenton
Wed Feb 22, 2017 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Multiple Bond Funds?
Replies: 8
Views: 425

Re: Multiple Bond Funds?

I've never quite liked what I've seen of the overlapping VPAS bond recommendations. I split my bonds up into VSIGX (Intermediate Government Bond Index), VSCSX (Short-Term Corporate Bond Index), and VOHIX (Vanguard Ohio Long-Term Tax Exempt), but there's a reason for doing so and there's zero overlap...
by jhfenton
Wed Feb 22, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Open vanguard CD Order
Replies: 29
Views: 1558

Re: Open vanguard CD Order

So I assume from the subsequent posts that you must be buying new issue CDs? Secondary CDs should still fill promptly, because otherwise the offer may not be there. I've never purchased a new issue CD. I'm specifically not buying large round numbers, so there are always better deals in the secondary...
by jhfenton
Wed Feb 22, 2017 11:26 am
Forum: Personal Consumer Issues
Topic: Does anyone else have (possibly too much) fun dealing with finances?
Replies: 69
Views: 4586

Re: Does anyone else have (possibly too much) fun dealing with finances?

Freshman year of college I planned out four years of classes as a math/physics major. Senior year I was even going to take a graduate course in the Philosophic Issues of Quantum Mechanics. My running and race schedule is planned out in a complicated spreadsheet up to two years into the future. And m...
by jhfenton
Wed Feb 22, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Open vanguard CD Order
Replies: 29
Views: 1558

Re: Open vanguard CD Order

Ágreed. In my experience (40+ CD orders), they've always been filled or rejected within a few minutes. (The rejected orders were ones in which the CDs on offer were bought by someone else while I was placing the order.)
by jhfenton
Tue Feb 21, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Have to hold bond fund in Taxable account-how to buy
Replies: 8
Views: 391

Re: Have to hold bond fund in Taxable account-how to buy

I would consider two strategies depending on my income and tax bracket: 1. I'd buy munis if in the 25% federal bracket or higher. Probably intermediate, unless Vanguard had a state-specific long-term muni fund, in which case I'd probably mix the state long-term and national limited-term funds. 2. I...
by jhfenton
Tue Feb 21, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Have to hold bond fund in Taxable account-how to buy
Replies: 8
Views: 391

Re: Have to hold bond fund in Taxable account-how to buy

I would consider two strategies depending on my income and tax bracket: 1. I'd buy munis if in the 25% federal bracket or higher. Probably intermediate, unless Vanguard had a state-specific long-term muni fund, in which case I'd probably mix the state long-term and national limited-term funds. 2. If...
by jhfenton
Mon Feb 20, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: More support for backdoor Roth? [Roth IRA Decision reversing Tax Court]
Replies: 22
Views: 1656

Re: Interesting Roth IRA Decision reversing Tax Court

^True, but the beneficiaries in this case were in their 20s. Point granted, though. Also, on rebuttal the plaintiffs (Summa Holdings) explicitly mentioned tIRA rollovers to IRAs (backdoors) as a way of avoiding the income maximums for contributions, so the court was aware of this when ruling. :D IA...
by jhfenton
Mon Feb 20, 2017 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: More support for backdoor Roth? [Roth IRA Decision reversing Tax Court]
Replies: 22
Views: 1656

Re: Interesting Roth IRA Decision reversing Tax Court

Well, it was nice while it lasted: http://rsmus.com/what-we-do/services/tax/lead-tax/tax-court-decision-on-abusive-disc-commissions-to-roth-ira-overt.html I'm confused by your post. The article you link to discusses Sutton's favorable opinion. The Sixth Circuit held that form mattered when the stat...
by jhfenton
Mon Feb 20, 2017 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Asset placement between different accounts
Replies: 18
Views: 837

Re: Asset placement between different accounts

Regardless, the conventional advice on asset placement is not based on someone with an annual income of $350,000 and relatively limited tax-advantaged space. Folks with limited tax-advantaged space need to focus on tax-efficient investing. They can use their limited tax-advantaged space for really ...
by jhfenton
Mon Feb 20, 2017 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: VBILX vs VBTLX [Vanguard Intermediate-Term vs. Total Bond]
Replies: 48
Views: 4399

Re: VBILX vs VBTLX

Struggling to decide which to partner with VTSAX (60) in a 60/40 portfolio with 10-15 year investment period. Which one of the two would you choose and why? Thanks for the advice... Mr. Flish: Bonds are primarily for safety when the total stock market (VTSAX) plunges. In the last 2008 bear market, ...
by jhfenton
Mon Feb 20, 2017 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: VBILX vs VBTLX [Vanguard Intermediate-Term vs. Total Bond]
Replies: 48
Views: 4399

Re: VBILX vs VBTLX

Either fund is great for your proposed use, but if I could only own one bond fund in that situation, it would be VBILX. VBTLX has mortgage-backeds and a few too many treasuries for it to be my choice.

(Fortunately, that is not the case.)
by jhfenton
Mon Feb 20, 2017 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Asset placement between different accounts
Replies: 18
Views: 837

Re: Asset placement between different accounts

$6,750 is family HSA. I believe jhfenton means most people can't afford to max out their tax-advantaged space, not that they choose not to. In his example, filling all his tax-advantaged space takes $53,750. Median household income in the US in 2015 was $55,775. Yes, but the audience here is not me...
by jhfenton
Mon Feb 20, 2017 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Asset placement between different accounts
Replies: 18
Views: 837

Re: Asset placement between different accounts

Your protagonist should not have set up the portfolio that way. But let's say it got there by happenstance which can happen. Seems to me it's almost inevitable, though. Quick crude model says that if I start my protagonist at 60/40, TSM in taxable, TBM in tax-advantaged, apply recent trailing rates...
by jhfenton
Mon Feb 20, 2017 6:37 pm
Forum: Personal Consumer Issues
Topic: Amazon free shipment down to $35
Replies: 14
Views: 2036

Re: Amazon free shipment down to $35

Hmm. We have Prime, so I only vaguely remember when the threshold went from $25 to $35. I had no idea that it had gone to $49. $49 was definitely too high. We place a lot of orders, a few larger (a $399 TV at Christmas), but many very small. I have a $12 order coming tomorrow that I placed yesterday...
by jhfenton
Mon Feb 20, 2017 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: More support for backdoor Roth? [Roth IRA Decision reversing Tax Court]
Replies: 22
Views: 1656

Re: More support for backdoor Roth?

Yes. I read Sutton's opinion last week. It is outstanding. Beyond the holding, there is some great language--it's dicta, but it's still there--for taxpayers.

Seeing as I am in the Sixth Circuit, it's particularly good news if I ever need to tax advantage of the backdoor Roth.
by jhfenton
Mon Feb 20, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: More support for backdoor Roth? [Roth IRA Decision reversing Tax Court]
Replies: 22
Views: 1656

Re: Interesting Roth IRA Decision reversing Tax Court

Well, it was nice while it lasted: http://rsmus.com/what-we-do/services/tax/lead-tax/tax-court-decision-on-abusive-disc-commissions-to-roth-ira-overt.html I'm confused by your post. The article you link to discusses Sutton's favorable opinion. The Sixth Circuit held that form mattered when the stat...
by jhfenton
Mon Feb 20, 2017 10:15 am
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 6365

Re: 20% bonds: why bother at 48?

We're currently at 88/12. (I was going to follow a more traditional glide path to 60/40 at retirement at roughly 2% per year, but I was convinced by a couple of folks of the merit of a sliding scale based on portfolio value in relation to target portfolio value. That also has us at 88/12, but the a...
by jhfenton
Mon Feb 20, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 6365

Re: 20% bonds: why bother at 48?

I'm only 33 and have held a 80/20 allocation for many years. It all stems from a chart posted on here which showed the higher risk factor and not proportional added gains between a 100% equity portfolio and a 80/20 portfolio. Actually the gains are almost quite literally proportional, as there is a...
by jhfenton
Mon Feb 20, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 6365

Re: 20% bonds: why bother at 48?

stemikger wrote:Unfortunately, there are no right or wrong answers here, but at your age, I rather be 70/30 or even 60/40.

I agree that a lot of it boils down to personal risk tolerance. Even at 47, I'm not sure I could sleep with a 60/40 portfolio. And I'd very unhappy with a 70/30 portfolio. 88/12 feels right.
by jhfenton
Mon Feb 20, 2017 7:41 am
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 6365

Re: 20% bonds: why bother at 48?

When folks under 40 ask the question, I'm often in agreement. We were 100% equities for 20 years, until 18-24 months ago at age 45. But when it soaked it that we might consider retiring as early as 57--when our younger child should graduate from college--I decided it was time to start adding fixed i...
by jhfenton
Sun Feb 19, 2017 4:36 pm
Forum: Investing - Theory, News & General
Topic: VGK, VPL, VWO, & VSS vs VXUS?
Replies: 9
Views: 724

Re: VGK, VPL, VWO, & VSS vs VXUS?

I use VEA (Developed all-cap), VWO (Emerging all-cap), and VSS (ex-US small/mid-cap). To be accurate, I mostly use the Admiral shares of VEA (VTMGX) and VWO (VEMAX). I've considered splitting VEA into VGK and VPL. I can agree with the argument in favor of doing that. But it's one level of complexity...
by jhfenton
Sat Feb 18, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Is Your Asset Allocation Reading Accurate?
Replies: 4
Views: 471

Re: Is Your Asset Allocation Reading Accurate?

The Vanguard account overview is essentially useless in assessing overall portfolio composition. It ignores international funds in its style and size analysis. It lumps most non-Vanguard funds 100% into a single box. It lumps individual bonds and CDs into Unclassifiable. M* portfolio x-ray improves ...
by jhfenton
Sat Feb 18, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Free morningstar x-ray tool erratic . . .
Replies: 4
Views: 217

Re: Free morningstar x-ray tool erratic . . .

M* was having issues with the premium X-ray tool this week too. It seems to be working now, but there were complaints on the M* forum earlier this week. At one point it was giving all zeros. At another point, the expense ratio information was all two years' old. And the stock intersection tool was b...
by jhfenton
Fri Feb 17, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: converting Vanguard Total Stock Fund to ETF
Replies: 18
Views: 1317

Re: converting Vanguard Total Stock Fund to ETF

Can I sell the partial share back to Vanguard and if so is that a taxable event in this taxable account? I have multiple lots but I have not sold any shares since I started buying so can I change from specific id to average and have only one possibly partial share? Once you convert to ETF, you will...
by jhfenton
Fri Feb 17, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 98
Views: 3615

Re: Vanguard Web Site Down?

Hayden wrote:I can't even get to the homepage

It is fully functional for me now.
by jhfenton
Fri Feb 17, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Really Vanguard? 48 Cents?!
Replies: 40
Views: 4601

Re: Really Vanguard? 48 Cents?!

While I am happy that people are contributing to their IRAs and making sure it happens, I am actually surprised by how many posters are using periodic contributions. I always do just one contribution at the max for the year and thought the automatic contributions were the minority. I'm glad to hear...
by jhfenton
Fri Feb 17, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 98
Views: 3615

Re: Vanguard Web Site Down?

DEZ1 wrote:its you, i just got on, no problems

Now, it is working. It was down completely. And then trading was down.

But I just placed an ETF order.
by jhfenton
Fri Feb 17, 2017 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 98
Views: 3615

Re: Vanguard Web Site Down?

I am trying to buy a Vanguard ETF online and getting the following message: Frustrating. Orders can't be placed online at this time. We apologize for the inconvenience. If you'd like to place a trade during regular market hours, call us at 800-992-8327.    I am still getting that message as well, o...
by jhfenton
Fri Feb 17, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 98
Views: 3615

Re: Vanguard Web Site Down?

Personally I have no issue using Vanguard and Tsy Direct (which is also bad tech but cheap investing costs - none), for my long term investments. I don't need to check on the value of my IRA nor savings bonds daily, and even my taxable accounts, I don't use for daily spending nor would I day trade....
by jhfenton
Fri Feb 17, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 98
Views: 3615

Re: Vanguard Web Site Down?

indexfundfan wrote:Just placed a trade. It's working for me now.

Not for me. I went out and went back in, and I still can't buy an ETF.
by jhfenton
Fri Feb 17, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 98
Views: 3615

Re: Vanguard Web Site Down?

I can log in, but trying to place an ETF buy, it says that orders cannot be placed online at this time.

Edited: The app doesn't work either. Same message.

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