Search found 708 matches

by magneto
Wed Jul 27, 2016 5:55 am
Forum: Personal Consumer Issues
Topic: Buying a used DSLR Suggestion
Replies: 25
Views: 1264

Re: Buying a used DSLR Suggestion

Am like OP looking for a used DSLR. Would like to add a supplementary question. Are there any DSLR cameras that are not bulky? I.E. that could fit in pocket? by definition an SLR camera is going to be big. if convenience is key, go with point & shoot. Can't see the display on screen in strong s...
by magneto
Wed Jul 27, 2016 5:53 am
Forum: Investing - Theory, News & General
Topic: Observation :Will the market go a lot higher ? Most probably
Replies: 13
Views: 2492

Re: Observation :Will the market go a lot higher ? Most probably

At this point in time the interest rates in some countries are negative on bonds newly issued. Just what happens if the rates go below zero here in the U.S. ? ........ My conclusion is that the U.S. market will most probably continue to rise as investors and financial institutions chase these yield...
by magneto
Wed Jul 27, 2016 5:30 am
Forum: Personal Consumer Issues
Topic: Buying a used DSLR Suggestion
Replies: 25
Views: 1264

Re: Buying a used DSLR Suggestion

Am like OP looking for a used DSLR.

Would like to add a supplementary question.
Are there any DSLR cameras that are not bulky?
I.E. that could fit in pocket?
by magneto
Wed Jul 27, 2016 5:21 am
Forum: Investing - Help with Personal Investments
Topic: Sell individual corporate bonds to pay off mortgage?
Replies: 25
Views: 958

Re: Sell individual corporate bonds to pay off mortgage?

Not entirely sure of the numbers here. Please ignore if below getting this hopelessly wrong! If the Corps are trading well above par as seems likely in today's environment, then yield to maturity will be significantly less than coupon figure quoted? I.E. Yield spreads (gap) between Mortgage and Corp...
by magneto
Mon Jul 25, 2016 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Feelings changing about AA as annual savings amount increases?
Replies: 28
Views: 2255

Re: Feelings changing about AA as annual savings amount increases?

Much of the thinking thus far seems inclined to the vague and abstract. Rather than perhaps looking at what the individual positions are throwing off in terms of yield, versus historic ranges. May have missed the reference, but did valuations get much of a mention? Unless we are all momentum investo...
by magneto
Sat Jul 23, 2016 1:56 am
Forum: Personal Consumer Issues
Topic: World VCR production is ending next month. What to do with my old VHS tapes?
Replies: 57
Views: 4364

Re: World VCR production is ending next month. What to do with my old VHS tapes?

...Alert to all good frugal BHs - Used DVDs are now incredibly cheap! We are progressively buying used DVD copies of our favourite movies, TV series, etc and chucking out the VHS tapes. DVD seems a far more robust and hence longer-lasting medium. Thank you for that. I never even thought about that....
by magneto
Fri Jul 22, 2016 4:06 am
Forum: Personal Consumer Issues
Topic: World VCR production is ending next month. What to do with my old VHS tapes?
Replies: 57
Views: 4364

Re: World VCR production is ending next month. What to do with my old VHS tapes?

Last time I checked a combination VCR/DVD/HD recorder was still in production. This situation seems then about to change? Perhaps buy one or two spare machines for future use before production ceases? However when a fault arises it is usually on the VCR side of the machine! Good point from Nisi abou...
by magneto
Thu Jul 21, 2016 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Just got back from Europe...ready to sell my International...
Replies: 82
Views: 9387

Re: Just got back from Europe...ready to sell my International...

UK investor here. Always find it puzzling that US investors sometimes regard International as a single category! OK some may add EM, but from UK perspective world breaks down into at least :- + US + Asia/Pacific + Europe + UK + EM One fund covering last four does not IMHO cut it! Each region dances...
by magneto
Thu Jul 21, 2016 11:10 am
Forum: Investing - Theory, News & General
Topic: NY Times article-Shiller on land and homes
Replies: 18
Views: 2675

Re: NY Times article-Shiller on land and homes

In determining the return on a house one has to add to the cost the maintenance expenses and taxes paid through the years. These can be substantial but are often overlooked. Add in the interest paid if there was a mortgage. Compare to investingl less in housing by paying rent and putting the balanc...
by magneto
Tue Jul 19, 2016 5:33 am
Forum: Investing - Theory, News & General
Topic: Adding value by combining value and Momentum
Replies: 35
Views: 2441

Re: Adding value by combining value and Momentum

Assume for a moment, that a market cycle plays out as a sine wave, whether horizontal or on an upward sloping trend, then a number of things may happen :- Stocks whether individual, or in aggregate, will move in and out of value; and in and out of momentum. Then viewed as a clock face :- 6.00 to 9.0...
by magneto
Mon Jul 18, 2016 10:08 am
Forum: Investing - Theory, News & General
Topic: Adding value by combining value and Momentum
Replies: 35
Views: 2441

Re: Adding value by combining value and Momentum

Re recent paper by Asness, Ilmanen & Maloney titled ‘Market Timing is back in the hunt for Investors’ proposes trend following (momentum) as an equal partner to contrarian timing (valuation), i.e. two arrows are better than one. "Financial Markets everywhere seem to exhibit momentum, or tre...
by magneto
Mon Jul 18, 2016 5:38 am
Forum: Investing - Help with Personal Investments
Topic: Just got back from Europe...ready to sell my International...
Replies: 82
Views: 9387

Re: Just got back from Europe...ready to sell my International...

UK investor here. Always find it puzzling that US investors sometimes regard International as a single category! OK some may add EM, but from UK perspective world breaks down into at least :- + US + Asia/Pacific + Europe + UK + EM One fund covering last four does not IMHO cut it! Each region dances ...
by magneto
Sat Jul 16, 2016 10:18 am
Forum: Investing - Theory, News & General
Topic: Are bonds as safe with these low interest rates?
Replies: 15
Views: 1191

Re: Are bonds as safe with these low interest rates?

I have a general question - does the very low interest rate environment have an effect on the safety of bonds/bond funds? Does the decreased ability of governments to lower interest rates, because they are already so low, have and effect on how bonds would react to a stock market downturn. Godzilla...
by magneto
Fri Jul 15, 2016 10:49 am
Forum: Investing - Theory, News & General
Topic: Another look at corporate bonds
Replies: 192
Views: 11059

Re: Another look at corporate bonds

If we subscribe to the "take your risk on the Stock-side not the Fixed-Income Side", then we will be looking to invest Fixed Income in :- 1. Cash (CDs etc) 2. Short-Term Treasuries 3. Short-Term IG Bonds. The snag with Short-Term Treasuries is the probable -ve real yield, dependent on the ...
by magneto
Fri Jul 15, 2016 10:24 am
Forum: Investing - Help with Personal Investments
Topic: $500,000 in cash in retirement account. Now what?
Replies: 29
Views: 4293

Re: $500,000 in cash in retirement account. Now what?

Think it is Rick Ferri who says something like how was the money invested previously, then reinstate (in terms of Stock/Bond/Cash weightings) before thinking about moving ahead ? Otherwise the portfolio has experienced a shock change to allocations. And we are all gradualists here, aren't we ? Howev...
by magneto
Wed Jul 13, 2016 10:49 am
Forum: Investing - Help with Personal Investments
Topic: UK Newbie - 23, advice please!
Replies: 3
Views: 243

Re: UK Newbie - 23, advice please!

I am really pleased that these investments have risen a combined 14% but I feel I don't know where to go next! What do I do, sell and use that profit to reinvest or keep contributing towards the current portfolio that was recommended to me? 'Value Averaging' may be the answer you are looking for ? ...
by magneto
Mon Jul 11, 2016 9:08 am
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 7560

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

reinforced after reading darrow kirkpatrick's excellent new book. Looking at the major market declines of the last 10 years, it takes an average of 3 years for full recovery of the US equity market, the worst several declines taking a full 10 years to recover. If my goal in early retirement is to t...
by magneto
Sun Jul 10, 2016 10:53 am
Forum: Investing - Help with Personal Investments
Topic: First-timer Investing in Bonds and ETFs [UK]
Replies: 14
Views: 826

Re: First-timer Investing in Bonds and ETFs [UK]

I'm a first time investor, looking to invest some money in index tracking ETFs and some in Bonds. I'm based in the UK, therefore I have read the Bogleheads guide to UK investing: https://www.bogleheads.org/wiki/UK_investing At 29, I believe I would class as a young investor, therefore I am attempti...
by magneto
Sat Jul 09, 2016 5:52 am
Forum: Investing - Theory, News & General
Topic: This time it *IS* different - Treasury yields at all time lows, S&P near all time highs
Replies: 32
Views: 4671

Re: This time it *IS* different - Treasury yields at all time lows, S&P near all time highs

Market conditions maybe in which to try to avoid the investor's ailment of "Rhinophobia" (the dread of ever having any cash).
see Fred Schwed (1940)
by magneto
Sat Jul 09, 2016 5:44 am
Forum: Investing - Theory, News & General
Topic: Easy question on bond allocation at retirement..
Replies: 16
Views: 1470

Re: Easy question on bond allocation at retirement..

If you have not already done so, suggest reading Frank Armstrong's book 'The Informed Investor' chapter 18.

And don't forget Cash is Fixed Income also.

All Best
by magneto
Sat Jul 09, 2016 5:34 am
Forum: Investing - Theory, News & General
Topic: Why do people invest in Long Term Bonds now?
Replies: 44
Views: 4858

Re: Why do people invest in Long Term Bonds now?

They may be extending durations :-

+ To seek Income
+ To seek increased -ve correlation with Stocks (this is not always guaranteed)

They may also be sanguine about volatility on the Fixed Income side?
for portfolio construction reasons or other?
by magneto
Fri Jul 08, 2016 10:36 am
Forum: Investing - Theory, News & General
Topic: International Bonds - Update
Replies: 55
Views: 4078

Re: Bond Thread Time - International Bonds

I barely want bonds in the first place. I see bonds as security only, not return (except maybe marginal or inflation beating). Diversification means stocks and bonds. No bonds, no diversification. Boglephreak suspect is reflecting on two important issues here, which might be summarised/developed fu...
by magneto
Thu Jul 07, 2016 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Bond Market Bubble
Replies: 43
Views: 3596

Re: Bond Market Bubble

livesoft wrote:If you believe there is a bond bubble, then shorten durations.......

I suggest the Vanguard short-term corporate bond index for the most credit risk and highest yields.


+1 to Short Term IG Corps

And try to avoid rhinophobia !
by magneto
Thu Jul 07, 2016 5:44 am
Forum: Investing - Help with Personal Investments
Topic: Real estate vs bonds
Replies: 3
Views: 351

Re: Real estate vs bonds

From previous post(s) :- There are four main income producing Asset Classes (Stocks/Bonds/Real Estate/Cash). A 'Well Balanced Portfolio' might and perhaps should have exposure to all four of these Asset Classes? " A house is not really an investment. According to Robert Shiller, probably the pr...
by magneto
Thu Jul 07, 2016 4:37 am
Forum: Investing - Help with Personal Investments
Topic: International Stock has hurt me
Replies: 15
Views: 2446

Re: International Stock has hurt me

As a UK Investor; International has come to the rescue over the last week or so ! While in real terms we are worse off with a devalued currency, all Stock positions esp International are showing gains when expressed in £Sterling. This is something of a dilemma, forcing the reduction of some Internat...
by magneto
Tue Jul 05, 2016 5:32 am
Forum: Personal Finance (Not Investing)
Topic: Need to get over irrational fear regarding investing instilled by parents
Replies: 10
Views: 1288

Re: Need to get over irrational fear regarding investing instilled by parents

There are four main income producing Asset Classes (Stocks/Bonds/Real Estate/Cash). A 'Well Balanced Portfolio' might and perhaps should have exposure to all four of these Asset Classes? Your parents are neither right nor wrong. Just concentrating on one Asset Class from experience. "A house is...
by magneto
Sun Jul 03, 2016 11:25 am
Forum: Investing - Theory, News & General
Topic: Hedging Foreign Currency: 0%, 50% or 100%?
Replies: 26
Views: 2543

Re: Hedging Foreign Currency: 0%, 50% or 100%?

May depend on the Investor's view of Volatility and the Investor's working methods. Does Volatility = Risk, as many academics propose? or does Volatility = Opportunity? (the opportunity to rebalance to advantage) Currency Risk is another layer of Risk or Opportunity, dependent on the investor's view...
by magneto
Sat Jul 02, 2016 5:35 am
Forum: Investing - Theory, News & General
Topic: For those that "buy" during stock market downturns...
Replies: 158
Views: 10193

Re: For those that "buy" during stock market downturns...

I still think a market correction is in the future. A quote today from FactSet : For the current fiscal year, 122 companies in the S&P 500 have issued negative EPS guidance and 135 companies in the index have issued positive EPS guidance. This investor prefers to focus on today! Are any positio...
by magneto
Thu Jun 30, 2016 3:07 am
Forum: Personal Finance (Not Investing)
Topic: Rent Vs. Buy Example
Replies: 37
Views: 2991

Re: Rent Vs. Buy Example

Look at the dilemma from another viewpoint. Those here who are Landlords are not in the charity business! What you are implying here. Yes, landlords are not in the charity business. The stocks that people invested in are also not non-profit business. There is a basic concept in economics call oppor...
by magneto
Wed Jun 29, 2016 11:05 am
Forum: Investing - Theory, News & General
Topic: For those that "buy" during stock market downturns...
Replies: 158
Views: 10193

Re: For those that "buy" during stock market downturns...

At least one study has been done and while not perfect it did not show a benefit to RBD rebalancing. Now I am sure if one wants to look at all possible datasets and time periods one will find some combinations that show a benefit. But then one would need to look at how often one finds a benefit vs ...
by magneto
Wed Jun 29, 2016 10:47 am
Forum: Investing - Theory, News & General
Topic: Strategies for Refilling Cash Holdings (Bucket 1) Over Time
Replies: 25
Views: 2115

Re: Strategies for Refilling Cash Holdings (Bucket 1) Over Time

Let's assume the investor is uncertain about using valuations as a guide? Then; some have suggested that Stocks are in one of three states at any moment in time :- 1. At all-time highs. 2. Making new lows. 3. Recovering. There seems to this investor, to be one favourable choice from that list for se...
by magneto
Wed Jun 29, 2016 9:30 am
Forum: Investing - Theory, News & General
Topic: For those that "buy" during stock market downturns...
Replies: 158
Views: 10193

Re: For those that "buy" during stock market downturns...

At least one study has been done and while not perfect it did not show a benefit to RBD rebalancing. Now I am sure if one wants to look at all possible datasets and time periods one will find some combinations that show a benefit. But then one would need to look at how often one finds a benefit vs ...
by magneto
Wed Jun 29, 2016 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Rent Vs. Buy Example
Replies: 37
Views: 2991

Re: Rent Vs. Buy Example

Look at the dilemma from another viewpoint. Those here who are Landlords are not in the charity business! The Landlord looks to Residential Real Estate, as a diversifier which if her decisions are rational provide a real (rising with inflation) yield. This real yield can be compared by the investor ...
by magneto
Wed Jun 29, 2016 4:34 am
Forum: Investing - Theory, News & General
Topic: For those that "buy" during stock market downturns...
Replies: 158
Views: 10193

Re: For those that "buy" during stock market downturns...

One of the things that is striking is that no one has ever produced a study or a plausible set of data that supports buying on the dips, much less that this is an important bit of strategy. Would be interesting if someone did have such a study. My guess is that if one tried hard enough they could f...
by magneto
Tue Jun 28, 2016 10:57 am
Forum: Investing - Theory, News & General
Topic: Another argument against "price drop means stocks are on sale"
Replies: 101
Views: 5369

Re: Another argument against "price drop means stocks are on sale"

Is it suggested that Valuations should never be noted?

That Expected Returns and Downside Risk are constant?

That the Gordon Equation is now suspended?

And that a 100% Stock Portfolio is the only way forward?
by magneto
Tue Jun 28, 2016 9:40 am
Forum: Investing - Theory, News & General
Topic: For those that "buy" during stock market downturns...
Replies: 158
Views: 10193

Re: For those that "buy" during stock market downturns...

"This type of behavior makes a lot of intuitive sense to me because stocks are on "sale" in comparison to recent pricing. However, I just can't wrap my head around how this could be successfully executed without an opportunity cost (such as not being fully invested at all times)"...
by magneto
Mon Jun 27, 2016 4:58 pm
Forum: Investing - Theory, News & General
Topic: Brexit - article/source request - please
Replies: 31
Views: 1767

Re: Brexit - article/source request - please

The UK media is full of unhelpful inflammatory and contradictory language about racism or xenophobia. My own personal view from here in the UK, drawing on forum discussions, etc :- Tony Benn (Labour then traditionally anti-EU) arguably expressed it best a decade or more ago. "In the UK you have...
by magneto
Mon Jun 27, 2016 10:55 am
Forum: Investing - Theory, News & General
Topic: Brexit and the role of currencies from a UK perspective
Replies: 10
Views: 750

Re: Brexit and the role of currencies from a UK perspective

As a UKian, something odd is happening to our portfolio post Brexit. Being well diversified internationally ( US only investors please note ), the value of our international holdings have increased when recorded in £Sterling. The result is apparent portfolio gains,unlike the US situation. We are th...
by magneto
Mon Jun 27, 2016 10:45 am
Forum: Investing - Theory, News & General
Topic: Brexit and the role of currencies from a UK perspective
Replies: 10
Views: 750

Brexit and the role of currencies from a UK perspective

As a UKian, something odd is happening to our portfolio post Brexit vote. Being well diversified internationally ( US only investors please note ), the value of our international holdings have increased when recorded in £Sterling. The result is apparent portfolio gains,unlike the US situation. We ar...
by magneto
Thu Jun 23, 2016 10:09 am
Forum: Investing - Theory, News & General
Topic: Are you prepared for a high-inflation environment?
Replies: 12
Views: 1295

Re: Are you prepared for a high-inflation environment?

Inflation could creep up on us unexpectedly? The much beloved (and targeted?) Core CPI excludes :- - Food - Energy - Housing Who can survive (for long) without those? Surely, all the money printing must one day result in some kind of inflation? We just don't know when or how it will come to pass. We...
by magneto
Tue Jun 21, 2016 11:11 am
Forum: Investing - Help with Personal Investments
Topic: UK investing platforms for Vanguard funds
Replies: 16
Views: 863

Re: UK investing platforms for Vanguard funds

One extra issue is the limit provided by the Investor Protection Scheme, which I think (but may be wrong) is £50k. Not to be confused with the cash Protection Scheme of £75k. If the investor is intentionally going to exceed this limit, then keeping to longer established major financially sound insti...
by magneto
Sat Jun 18, 2016 12:34 pm
Forum: Investing - Theory, News & General
Topic: private equity track record attracts inflow
Replies: 7
Views: 809

Re: private equity track record attracts inflow

magneto Unfortunately the evidence is truly overwhelming that the benefits of PE go to the SPONSORS not to investors, once you get beyond a small group of investors who get access to the very best deals, which you and I will never get access to, nor will the vast majority of institutional investors...
by magneto
Sat Jun 18, 2016 5:50 am
Forum: Investing - Theory, News & General
Topic: private equity track record attracts inflow
Replies: 7
Views: 809

Re: private equity track record attracts inflow

few things ......... 3) as to volatility, in addition to volatility PE has huge liquidity risk, which the market prices at roughly 30% (the haircut applied to private businesses). Thus unless PE could generate 30% above small value why invest given the other problems of very skewed distributions (v...
by magneto
Fri Jun 17, 2016 11:17 am
Forum: Investing - Theory, News & General
Topic: 50% Market Drops
Replies: 67
Views: 6352

Re: 50% Market Drops

You are not alone with these type of thoughts TP. When entering retirement some 24 years ago now, main rules were :- 1. Don't damage the valuable capital pot (irreplaceable). 2. Grow the capital steadily but conservatively, while living off the income. 3. To quote WB "don't forget Rule No 1&quo...
by magneto
Fri Jun 17, 2016 5:51 am
Forum: Investing - Theory, News & General
Topic: private equity track record attracts inflow
Replies: 7
Views: 809

Re: private equity track record attracts inflow

This was another in long history of articles claiming great records, but benchmarks are almost always wrong. Looked at in right light PE has overall had poor risk adjusted returns Thanks Larry. If we are defining Risk as Volatility, then yes PE is certainly more Volatile = Risky. Personally as an i...
by magneto
Fri Jun 17, 2016 3:46 am
Forum: Investing - Theory, News & General
Topic: At what point (if any) would you change your AA?
Replies: 23
Views: 1505

Re: At what point (if any) would you change your AA?

This summary may help to clarify thinking :- 1. Tactical Asset Allocation aka Market Timing An endeavour to seek out the most or least promising Asset going forward for short-term outperformance, using such tools as economic criteria, valuations, or plain moving averages/accel/decel chartism. Can so...
by magneto
Fri Jun 17, 2016 3:34 am
Forum: Investing - Theory, News & General
Topic: Actionable advice in a Brexit scenario
Replies: 162
Views: 16253

Re: Actionable advice in a Brexit scenario

Most in UK are assuming Remain will win, but if the final outcome is tight, vote may hinge on arguments put forward or events occuring in the last few days. A totally unexpected and sad event has now occured. The markets have drawn a conclusion and are responding accordingly. These are troubling ti...
by magneto
Thu Jun 16, 2016 6:10 am
Forum: Investing - Help with Personal Investments
Topic: Bad Time to Get Into Bonds?
Replies: 12
Views: 1869

Re: Bad Time to Get Into Bonds?

Word of Caution. We have seen a capital repeat capital gain ( not total return which increases the figure), in our UK Gov't Bond (Gilts) Fund (duration 10 years) of 25% in five years , with corresponding decrease in yield. There is no reason why that capital gain should not unwind in the years ahead...
by magneto
Thu Jun 16, 2016 2:52 am
Forum: Investing - Theory, News & General
Topic: Bogle says "You don't need bonds ?"
Replies: 68
Views: 8295

Re: Bogle says "You don't need bonds ?"

My opinion: A stock investor needs to stay the course during market down turns, including not selling stocks with depressed prices. Bonds are just a tool that serve that purpose, as does having adequate income from a job, from rentals, from SS or annuity, from dividends, or from withdrawing from CD...
by magneto
Wed Jun 15, 2016 10:01 am
Forum: Investing - Theory, News & General
Topic: Interest Rates Can Only Go Up, and Below Zero
Replies: 32
Views: 2891

Re: Interest Rates Can Only Go Up, and Below Zero

1. At these very low real interest rates, the rate of return on bonds essentially becomes inconsequential, in my view, no matter how much it fluctuates in the short term. 2. One way to avoid the confusion identified by the OP (“if rates going up is bad, and going down is bad…”) is just to forget ab...

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