Search found 1344 matches

by matjen
Fri Feb 05, 2016 6:22 pm
Forum: Investing - Theory, News & General
Topic: AQR's Asness on Fama on Momentum
Replies: 4
Views: 481

AQR's Asness on Fama on Momentum

This is like having your parents argue in front of you. ;-) Fama on Momentum https://www.aqr.com/cliffs-perspective/fama-on-momentum "Risk isn’t just the chance of losing money, it’s about when you lose, and losing after the worst is over and during the rebound is not as “risky” as losing in th...
by matjen
Wed Jan 27, 2016 4:52 pm
Forum: Investing - Theory, News & General
Topic: DFA Has Introduced Target Date Funds - LifeCycle Based?
Replies: 60
Views: 5593

Re: DFA Has Introduced Target Date Funds - LifeCycle Based?

These DFA funds are now available via your Health Savings Account at HSA Administrators. Seems to me this could greatly increase the access to them for many though you are limited to just 6K or so a year for a family plan. Thread here: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=183173...
by matjen
Wed Jan 27, 2016 4:49 pm
Forum: Investing - Theory, News & General
Topic: HSA Administrators Adds DFA/Dimensional Funds
Replies: 4
Views: 538

Re: HSA Administrators Adds DFA/Dimensional Funds

Thank you for the heads up. I use HSA Administrators for my HSA and gave them a call today. Currently I only see my various Vanguard Fund options only. They told me that for now only new clients get the DFA options but that they are working on rolling them out to everyone. This is pretty big news fo...
by matjen
Wed Jan 27, 2016 9:18 am
Forum: Investing - Theory, News & General
Topic: Gene Fama Video from Fiduciary Investors Symposium
Replies: 7
Views: 845

Re: Gene Fama Video from Fiduciary Investors Symposium

I also liked that he addressed a common argument here regarding certain factors (like value) going away because everyone now knows about them. He disagrees and says the industry is biased toward finding profitable/successful companies as are our psyches in general.
by matjen
Tue Jan 26, 2016 5:25 pm
Forum: Investing - Theory, News & General
Topic: Gene Fama Video from Fiduciary Investors Symposium
Replies: 7
Views: 845

Gene Fama Video from Fiduciary Investors Symposium

This is one of my favorite Gene Fama videos. It is from last month and there is plenty of good stuff in it for Bogleheads of all stripes. Factor tilts, Cap Weighted Three-Funders, AQR Momentum dabblers, and public pension fund folly folks. My fave part though is when he calls all the attention paid ...
by matjen
Sun Jan 24, 2016 8:30 am
Forum: Investing - Theory, News & General
Topic: The last 15 years
Replies: 100
Views: 10377

Re: The last 15 years

Just thought I'd point out that you can get a lot of series like this for various stop and end points using data in the "DFA "Matrix Book" The most recent one seems to come out in Spring each year https://www.ifa.com/book-library/?q=DFA%20Matrix%20Book# It has data for the U.S. CRSP ...
by matjen
Fri Jan 22, 2016 7:54 am
Forum: Investing - Theory, News & General
Topic: The Confounding Bias for Investment Complexity
Replies: 22
Views: 1979

Re: Simplicity

Matjen: I have added this quote by professor Edsger W Dijkestra to my list of What Experts Say About Simplicity ." “Simplicity is a great virtue but it requires hard work to achieve it and education to appreciate it. And to make matters worse: complexity sells better.” Thank you and best wishe...
by matjen
Thu Jan 21, 2016 7:52 am
Forum: Investing - Theory, News & General
Topic: The Confounding Bias for Investment Complexity
Replies: 22
Views: 1979

The Confounding Bias for Investment Complexity

Research Affiliates has a nice note up as a reminder to keep it simple where possible. On this board what "simple" means is the usual disagreement. Three Cap Weighted Funds or five or six funds with some factor tilts. Regardless, the principle is important for all of us. The Confounding Bi...
by matjen
Wed Jan 20, 2016 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds
Replies: 6
Views: 565

Re: Muni Bonds

Larry Swedroe likes large portfolios of individually screened munis, which is mostly just to reduce risk on the bond side, taking the safest issues. Rick Ferri said he used to do muni bonds but prefers the Vanguard funds now, I believe. I would add to this part of Lack_ey's post that if you are con...
by matjen
Wed Jan 20, 2016 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: What is your action plan?
Replies: 43
Views: 2465

Re: What is your action plan?

My IPS contains a narrow provision for times when the active trading prohibition is lifted, but the current conditions don't match the requirements. At the moment I'm twiddling my fingers as usual. For anyone who cares, key indicators I'm watching: FED CHANGES - Green USSLIND - Green FRED RECESSION...
by matjen
Wed Jan 20, 2016 10:39 am
Forum: Investing - Theory, News & General
Topic: Capitulation!
Replies: 61
Views: 6989

Re: Capitulation!

Looks more like a correction to me. When we are down 25% in equities then I will start talking capitulation as possible.
by matjen
Tue Jan 19, 2016 9:15 am
Forum: Investing - Theory, News & General
Topic: Downside protection
Replies: 19
Views: 1811

Re: Downside protection

Sorry Robert T. but I can't help myself...

+2.27...AQR Style Premia Alternative Fund Class I (QSPIX)
by matjen
Sun Jan 17, 2016 1:42 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1078
Views: 116253

Re: QSPIX - thoughts on interesting fund

^ +1 But let me just thank Longinvest for repeating what he originally wrote on the first page of this very same thread. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=167241 Longinvest on Sunday, June 7th 2015 wrote: Somehow, I'm really having a difficult time to see how QSPIX fits into ...
by matjen
Sun Jan 17, 2016 8:21 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1078
Views: 116253

Re: QSPIX - thoughts on interesting fund

AQR Style Premia Alternative (QSPIX) ER=1.50% ? Actually, according to the May 1, 2015 Prospectus, total expenses for Class I (QSPIX) weighs in at 2.61% . Yikes!! Nope. Has been covered many times before (though understandably would be hard to pick up in a search). They waive the fees to bring it t...
by matjen
Fri Jan 15, 2016 2:47 pm
Forum: Investing - Theory, News & General
Topic: Who's buyin' today?
Replies: 127
Views: 10668

Re: Who's buyin' today?

Sold six figures of international yesterday (IXUS), bought it all back at 3%+ less today using Schwab's SCHF. :happy
by matjen
Fri Jan 15, 2016 2:38 pm
Forum: Investing - Theory, News & General
Topic: Cliff Asness's Alternative Funds Top Rivals With 17% Returns
Replies: 5
Views: 649

Re: Cliff Asness's Alternative Funds Top Rivals With 17% Returns

First of all, I personally take this short-term stuff as mostly meaningless (more so than matjen does), at least with respect to how well it predicts long-term performance. Although true, I'm not claiming that QSPIX's performance over 3 years is proof that the fund is guaranteed to be a great perfo...
by matjen
Fri Jan 15, 2016 9:02 am
Forum: Investing - Theory, News & General
Topic: Cliff Asness's Alternative Funds Top Rivals With 17% Returns
Replies: 5
Views: 649

Cliff Asness's Alternative Funds Top Rivals With 17% Returns

Overview of the run that AQR has been on as of late. Here are a few snippets. http://www.bloomberg.com/news/articles/2016-01-14/cliff-asness-s-alternative-funds-top-rivals-with-17-returns “AQR is the poster child for a hedge fund firm finding success in mutual funds,” said Bradley Alford, founder of...
by matjen
Tue Jan 12, 2016 10:00 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1078
Views: 116253

Re: QSPIX - thoughts on interesting fund

Piling on with another short term look at QSPIX. Although total returns are important, how it interacts with the portfolio is what is fantastic (so far). Here is what it has looked like during this recent volatility/correction. I have compared it to Total World, Total Bond, and the 60/40 LifeStrateg...
by matjen
Tue Jan 05, 2016 10:00 pm
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 137
Views: 13743

Re: Just watched "The Big Short". Clueless the investment banks

Agreed. Lots of partners in crime. It was almost criminal the way investment banks and CDO managers assembled the awful subprime mortgages into mortgage bonds to be sold to investors. Almost criminal how the pension advisers who had fiduciary responsibility to hardworking pension participants bough...
by matjen
Mon Jan 04, 2016 4:03 pm
Forum: Investing - Theory, News & General
Topic: 2016 hedge fund contest
Replies: 126
Views: 4200

Re: 2016 hedge fund contest

Yacht Payment Partners

Long
cmg
swhc
xom

Short
TSLA
by matjen
Sun Jan 03, 2016 1:36 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST
Replies: 646
Views: 14431

Re: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST

2199 is my best guess.
by matjen
Sat Jan 02, 2016 7:30 pm
Forum: Personal Consumer Issues
Topic: Using a Samsung Stardust android phone to replace an iPod?
Replies: 6
Views: 460

Re: Using a Samsung Stardust android phone to replace an iPod?

For an android podcast app check out Pocket Casts. I use BeyondPod (on my Android devices) which is also on this list and it is just fine.

http://www.theverge.com/2015/6/4/872531 ... r-stitcher
by matjen
Tue Dec 29, 2015 8:30 am
Forum: Investing - Theory, News & General
Topic: Some articles by Asness et al.
Replies: 11
Views: 617

Re: Some articles by Asness et al.

nisiprius wrote:My other question: why don't investors bid up the prices of the stocks that are richest in useful factors?


Is there a mirror near your keyboard? Look at it for your answer. :wink:
by matjen
Thu Dec 24, 2015 7:53 am
Forum: Investing - Theory, News & General
Topic: Powershares FTSE RAFI US 1000 turns 10
Replies: 4
Views: 488

Re: Powershares FTSE RAFI US 1000 turns 10

mcraepat9, I'm always posting charts and data in this forum and one of the big reasons I do it is to encourage others to do likewise. All the fund companies will give you 10-year returns and growth charts on their websites, and I find Morningstar.com to be an extremely convenient source of a huge w...
by matjen
Fri Dec 18, 2015 11:10 am
Forum: Investing - Theory, News & General
Topic: Bloomberg's Matt Levine on BlueCrest Hedge Fund Closure
Replies: 5
Views: 483

Bloomberg's Matt Levine on BlueCrest Hedge Fund Closure

Well this would stick in my craw. Sorry Maynard. :wink: As an investor in an AQR mutual fund this type of behavior is a risk it seems to me, though AQR is rapidly moving away from hedge and toward mutual funds. I think James Simons' Renaissance Technologies is experiencing similar results when compa...
by matjen
Thu Dec 17, 2015 8:02 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2015!
Replies: 231
Views: 31018

Re: Roll Call for the Retirement Class of 2015!

Congratulations everyone and thank you VictoriaF for keeping track. I hope to add my name in 2016. Please join the Class of 2016 . Do you have a tentative date? This retirement thing is really exciting. Victoria No date as of yet. Playing it by ear but don't expect to last past mid-year. I'm excite...
by matjen
Wed Dec 16, 2015 6:44 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2015!
Replies: 231
Views: 31018

Re: Roll Call for the Retirement Class of 2015!

Congratulations everyone and thank you VictoriaF for keeping track. I hope to add my name in 2016.
by matjen
Wed Dec 16, 2015 6:33 pm
Forum: Investing - Theory, News & General
Topic: Words From the Wise - Jack Bogle Interview
Replies: 9
Views: 1537

Re: Words From the Wise - Jack Bogle Interview

Great stuff though I wish Ilmanen challenged him a bit more but I s'pose not the venue. I should point out that Bogle gave Cliff Asness some love back. I greatly admire Cliff Asness as well. These are guys who run large pools of capital with non-traditional investment strategies. They’re smart, savv...
by matjen
Wed Dec 16, 2015 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Help this Chicago firefighter figure out the chances I'll get killed...
Replies: 20
Views: 2100

Re: Help this Chicago firefighter figure out the chances I'll get killed...

OP, does the pension have any type of COLA adjustments once you start collecting?
by matjen
Tue Dec 15, 2015 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a BMW i8 priced at ~150k?
Replies: 64
Views: 4911

Re: Can I afford a BMW i8 priced at ~150k?

Hell no. Buy a new Mazda Miata or a used Porsche Boxster S/Cayman.
by matjen
Tue Dec 15, 2015 12:14 pm
Forum: Personal Consumer Issues
Topic: Forward text message as *email* from iPhone ?
Replies: 18
Views: 772

Re: Forward text message as *email* from iPhone ?

If you type in an e-mail address in the To: line, it will send as an email. I just sent one to my work email as a test, and I received an email message from [my_phone_number]@vzwpix.com. (I'm a Verizon customer.) I thought that may be the case so I tried the same thing before posting but to a gmail...
by matjen
Tue Dec 15, 2015 11:56 am
Forum: Personal Consumer Issues
Topic: Forward text message as *email* from iPhone ?
Replies: 18
Views: 772

Re: Forward text message as *email* from iPhone ?

Here is how you forward a text message as an e-mail on the iPhone: https://www.yahoo.com/tech/how-to-forward-a-text-message-on-an-iphone-73240843256.html 1. tap twice on the specific message bubble 2. tap on More 3. select the circles next to the specific messages you want included in your email 4....
by matjen
Tue Dec 15, 2015 8:34 am
Forum: Personal Consumer Issues
Topic: Forward text message as *email* from iPhone ?
Replies: 18
Views: 772

Re: Forward text message as *email* from iPhone ?

How to Take A Screenshot on iPhone 6 - Instructables Instructables Step 1: ​Method One: Pressing the Home and Sleep/Wake button to Snap. Display anything you want to snap on your iPhone 6 screen. Simply press and hold the “Home” button and then press the “Sleep/Wake” button. Once a screenshot is cap...
by matjen
Mon Dec 14, 2015 8:33 am
Forum: Investing - Theory, News & General
Topic: Financial Backtesting: A Cautionary Tale - Jesse Livermore
Replies: 10
Views: 1905

Financial Backtesting: A Cautionary Tale - Jesse Livermore

Well known (and regarded) blogger Jesse Livermore (obviously a pseudonym) has a nice piece out on backtesting and it's relation to data-driven investing. I thought many (especially those pure indexers out there) would enjoy it. http://www.philosophicaleconomics.com/2015/12/backtesting/ Financial Bac...
by matjen
Sun Dec 13, 2015 5:49 pm
Forum: Investing - Theory, News & General
Topic: [Third Avenue liquidates its high-yield bond fund]
Replies: 130
Views: 7976

Re: [Third Avenue liquidates its high-yield bond fund]

Third Ave CEO Barse has been fired... Third Avenue Parts Ways With CEO Barse Firm is barring investor withdrawals as it liquidates high-yield bond fund http://on.wsj.com/1lGACPf A security guard at the firm’s New York headquarters said Sunday that Mr. Barse had been let go and isn’t allowed back in ...
by matjen
Sat Dec 12, 2015 1:07 pm
Forum: Personal Consumer Issues
Topic: Computer Photo Backup
Replies: 54
Views: 2795

Re: Computer Photo Backup

Google Photos http://www.hardwaresecrets.com/google-photos-review/ This look perfect. Thanks. I'm fiddling around and starting to download photos, is there a way to download all photos from my computer at once that I'm missing, or will I need to select them by each file one at a time? It should jus...
by matjen
Sat Dec 12, 2015 9:11 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1078
Views: 116253

Re: QSPIX - thoughts on interesting fund

1) regular beta- ie total stock market index 2) apply leverage to "liquid" things other than 1) (what this fund does) 3) il-liquid stuff (what the third avenue high yield fund did) so the risks of 1) are well known. you lost potentially up to 50% in the 2008/09 crash. even more in the gre...
by matjen
Fri Dec 11, 2015 6:42 pm
Forum: Investing - Theory, News & General
Topic: [Third Avenue liquidates its high-yield bond fund]
Replies: 130
Views: 7976

Re: [Third Avenue liquidates its high-yield bond fund]

... Part of the reason the Third Avenue fund ran into deep problems, traders say: It allowed daily withdrawals but stuck with investments that have become harder to trade... ... Allowed daily withdrawals? Allowed daily withdrawals? The right to daily redemption at NAV is one of the basic things tha...
by matjen
Fri Dec 11, 2015 6:34 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1078
Views: 116253

Re: QSPIX - thoughts on interesting fund

Up .66% today which I am sure Grap enjoyed. I am still at 5%.
by matjen
Fri Dec 11, 2015 12:24 pm
Forum: Investing - Theory, News & General
Topic: [Third Avenue liquidates its high-yield bond fund]
Replies: 130
Views: 7976

Re: [Third Avenue liquidates its high-yield bond fund]

Junk-Bond Fund’s Demise Mars Vulture Investor’s Storied Career http://on.wsj.com/1NZOxwa Part of the reason the Third Avenue fund ran into deep problems, traders say: It allowed daily withdrawals but stuck with investments that have become harder to trade and have been steadily losing value as inves...
by matjen
Fri Dec 11, 2015 7:58 am
Forum: Investing - Theory, News & General
Topic: [Third Avenue liquidates its high-yield bond fund]
Replies: 130
Views: 7976

Re: [Third Avenue liquidates its high-yield bond fund]

LadyGeek thank you for giving me creativity points. Much appreciated! The WSJ has another article on Third Ave. Pay wall shouldn't be an issue since I am providing the "share" link from WSJ. Junk Fund’s Demise Fuels Concern Over Bond Rout Third Avenue Focused Credit Fund takes rare step, s...
by matjen
Thu Dec 10, 2015 4:13 pm
Forum: Investing - Theory, News & General
Topic: [Third Avenue liquidates its high-yield bond fund]
Replies: 130
Views: 7976

Swedroe gets the last laugh...Third Ave Fund Implodes

[Thread merged into here, see below. --admin LadyGeek] Although this isn't one of Third Ave's equity funds, their active management approach was a complete failure. Larry has written a couple articles on them and actually debated the CEO David Barse on Bloomberg a couple months back. High-yield deb...
by matjen
Wed Dec 09, 2015 10:55 pm
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 74
Views: 6989

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

A correspondent sent me a paper by Jared Kizer of Buckingham Asset Management, "A Review of Equity Factor Premia." It's a short piece aimed at "practitioners" (i.e. advisors) and I found it replete with insights. I emailed Kizer to ask if I could quote it in the forum, and he sa...
by matjen
Fri Dec 04, 2015 7:01 pm
Forum: Personal Consumer Issues
Topic: Travel camera (s?)
Replies: 23
Views: 1515

Re: Travel camera (s?)

My travel camera is an older Canon S95. Livesoft and I have similar travel cameras and I, too, would suggest checking out the Sony RX100IV to fill that niche.
by matjen
Thu Dec 03, 2015 8:18 am
Forum: Investing - Theory, News & General
Topic: Hedge Fund BlueCrest Capital to Return Outside Clients’ Money
Replies: 8
Views: 1441

Re: Hedge Fund BlueCrest Capital to Return Outside Clients’ Money

Ah, that's what I was hoping to hear ... Stay the course "The Board will explore the feasibility of offering shareholders an opportunity to consider maintaining their investment in the Company or another vehicle with a different investment strategy, provided that this can be achieved in a way ...
by matjen
Wed Dec 02, 2015 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Doctor Strategies
Replies: 74
Views: 9274

Re: Doctor Strategies

EmergDoc wrote:Not going to hurt my business unless it makes anxious people less anxious or dead people less dead.


Or drug seekers less drug seeker-y...
by matjen
Wed Dec 02, 2015 9:09 am
Forum: Investing - Theory, News & General
Topic: Annual return rate :: Safe assumption?
Replies: 15
Views: 1253

Re: Annual return rate :: Safe assumption?

3% above inflation has a decent chance of not materializing in 15-20 years. The 30% bonds probably won't get much above 1% if at all. The 20-year TIPS is at 0.92%. The US stock real rate of total return over 20-year periods has been anything from about 0% to 13.6%. The range is wider in other marke...
by matjen
Wed Dec 02, 2015 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Jason Zweig & Future of Real Estate
Replies: 19
Views: 3364

Re: Jason Zweig & Future of Real Estate

New families are starting later, people having kids later, but it's still happening... certain biological imperatives kick in eventually and those families will have desires and features they look for in a home that won't be too much different than the past. Single family residences aren't going an...

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