Search found 1522 matches

by mpt follower
Sat Feb 06, 2016 3:35 am
Forum: Investing - Help with Personal Investments
Topic: Bond Investing in a 2%World
Replies: 4
Views: 591

Re: Bond Investing in a 2%World

Faber email me that he will soon have an ETF on his bond research.
by mpt follower
Sat Feb 06, 2016 2:15 am
Forum: Investing - Help with Personal Investments
Topic: Bond Investing in a 2%World
Replies: 4
Views: 591

Re: Bond Investing in a 2%World

Avo wrote:If there isn't a fund or ETF implementing the strategy, I don't see how it's useful to the vast majority of us.


Right on. I emailed Faber asking whether he has in mind offering his ideas in an ETF. He has typically followed up with an ETF. Let you know
by mpt follower
Sat Feb 06, 2016 1:35 am
Forum: Investing - Help with Personal Investments
Topic: Bond Investing in a 2%World
Replies: 4
Views: 591

Bond Investing in a 2%World

A recent paper by Mebane Faber highlights the benefits of investing in a) sovereign bonds, b) globally, and c) using a value approach (sorting bonds based on yield). Faber claims that in the long term, by partially investing in foreign bonds, the investor can get higher Sharpe ratios (slightly highe...
by mpt follower
Fri Feb 05, 2016 8:06 am
Forum: Investing - Help with Personal Investments
Topic: Tilting towards oil
Replies: 18
Views: 1113

Tilting towards oil

I am retired but spent most of my working life In the Oil business (Shell, ConocoPhillips, etc.), and have a decent understanding of the dynamics of crude prices (if that is possible). My thoughts along with comments I heard in Bloomberg by T. Boone Pickens led me to believe that it is not a matter ...
by mpt follower
Wed Feb 03, 2016 11:04 am
Forum: Investing - Help with Personal Investments
Topic: My portfolio
Replies: 9
Views: 538

Re: My portfolio

Snowjob wrote:Any desire to leave money to kids / charities?


I have only one child. I gave her free education, bought her an apartment when she married and we enjoy spoiling the grand children. Although at a minimum she will inherit some real estate, to me what we have already done is enough.
by mpt follower
Wed Feb 03, 2016 10:58 am
Forum: Investing - Help with Personal Investments
Topic: My portfolio
Replies: 9
Views: 538

Re: My portfolio

Are the ratios within each bucket going to stay roughly the same? Which would mean over time that your total stock allocation will decrease since your value of bucket 1 will stay roughly the same? Your plan looks good to me. My goal is to not rebalance, let bucket 2 move as needed to assure wife an...
by mpt follower
Wed Feb 03, 2016 9:12 am
Forum: Investing - Help with Personal Investments
Topic: My portfolio
Replies: 9
Views: 538

My portfolio

At this time every year I review my portfolio. This year I have decided to ask your help. Please comment Age 67, married Retired Receiving SS and private pensions Zero liabilities Average Annual withdrawal from Portfolio 3.4% since retiring 11 years ago Portfolio: Bucket 1: living expenses for 13 ye...
by mpt follower
Mon Feb 01, 2016 9:59 am
Forum: Investing - Help with Personal Investments
Topic: which ETF or ISHARE are the best performing for oil
Replies: 12
Views: 709

Re: which ETF or ISHARE are the best performing for oil

First Ishares ARE ETFs. Then, what do you mean "best performing for oil"?? There are two ways to invest in oil via ETFs: either you invest in the commodity itself or in the O&G companies associated with oil. The top ETFs for each (in terms of $ invested through ETFs in Oil) are USO and...
by mpt follower
Sat Jan 23, 2016 11:39 pm
Forum: Investing - Theory, News & General
Topic: The last 15 years
Replies: 100
Views: 10370

Re: The last 15 years

In general the numbers look fine, but it all has depended on the entry point. Had I invested $10k in 2001, today I do not think that I would happy. Would you? So much volatility for 5%. I have not figured out what the total bond market would have done, but I suspect not much difference and with litt...
by mpt follower
Sat Jan 23, 2016 12:37 am
Forum: Investing - Theory, News & General
Topic: Rebalancing during retirement
Replies: 15
Views: 1287

Re: Rebalancing during retirement

I do not rebalance in the traditional manner. My IPS (developed in 2015) calls for 40% in equities and 60% in fixed income and the following strategy: In IRA: Bucket 1 (to live from): 13 year TIPS ladder (now until age 80) that along SS/pensions meets my annual expenses. Bucket 2 (bonds): Vanguard ...
by mpt follower
Fri Jan 22, 2016 2:40 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing during retirement
Replies: 15
Views: 1287

Re: Rebalancing during retirement

I do not rebalance in the traditional manner. My IPS (developed in 2015) calls for 40% in equities and 60% in fixed income and the following strategy: In IRA: Bucket 1 (to live from): 13 year TIPS ladder (now until age 80) that along SS/pensions meets my annual expenses. Bucket 2 (bonds): Vanguard I...
by mpt follower
Mon Jan 18, 2016 2:18 pm
Forum: Investing - Theory, News & General
Topic: Tomorrows Market Open?
Replies: 37
Views: 4765

Re: Tomorrows Market Open?

The direction of futures in the morning is not a good predictor of the direction of the market later in the trading day. Performance of other markets today is likely an even worse predictor of this market tomorrow. I wonder how do you come to this conclusion? In the past weeks the leading driver of...
by mpt follower
Mon Jan 18, 2016 2:07 pm
Forum: Investing - Theory, News & General
Topic: Tomorrows Market Open?
Replies: 37
Views: 4765

Re: Tomorrows Market Open?

Foreign markets have been down today but lightly. US market futures show tomorrow opening slightly down (<0.5%).
by mpt follower
Mon Jan 18, 2016 12:47 am
Forum: Investing - Help with Personal Investments
Topic: Buckets for a retiree?
Replies: 55
Views: 4700

Re: Buckets for a retiree?

Why do I sleep so very well.... My bucket portfolio: Bucket 1: 13 years (until age 80) - combination of CDs and TIPS (45% of portfolio). This ladder plus pensions and SS fully cover our annual expenses. Bucket 2: Vanguard intermediate corporate bond fund (15% of portfolio) Bucket 3: 4 equity funds d...
by mpt follower
Sun Jan 17, 2016 1:34 am
Forum: Personal Consumer Issues
Topic: how long can a car last?
Replies: 26
Views: 2044

how long can a car last?

We just gave our daughter my wife's 7 year old Toyota Corolla. The car was driven little (30,000 miles) and seems in perfect conditions (have changed tires and battery and done a brake job, but nothing else).
How many years (since it will continue to not be driven much) can it last?
by mpt follower
Sat Jan 16, 2016 1:49 am
Forum: Investing - Theory, News & General
Topic: I'm sitting here watching FOX Business...14200??
Replies: 92
Views: 7527

Re: I'm sitting here watching FOX Business...14200??

I'm newly retired, too (less than a year) but I'm not losing any sleep. I like my 3-fund IRA, I like my allocations (45 B/45 S/10 I), and I have two year's living expenses in cash, so right now there's nothing to do but sit back and relax. 2 years seems to me a bit too little. Looking back at previ...
by mpt follower
Fri Jan 15, 2016 9:09 am
Forum: Investing - Theory, News & General
Topic: Much better approach than traditional AA ratios if you have enough?
Replies: 39
Views: 3845

Re: Much better approach than traditional AA ratios if you have enough?

A problem I see with using actual buckets is that it would seem you would have to move money from longer range buckets into mid or shorter range buckets periodically. People sometimes slap their head with the idea of just rebalancing a handful of funds -- I would imagine they would tend to have a s...
by mpt follower
Fri Jan 15, 2016 9:04 am
Forum: Personal Finance (Not Investing)
Topic: 29 and quitting job for long honeymoon. Is it a bad idea? Talk me out of it
Replies: 70
Views: 5798

Re: 29 and quitting job for long honeymoon. Is it a bad idea? Talk me out of it

Hello all, I am asking advice on the idea me and my fiance have come up with for this once in a lifetime opportunity. We are set to get married on May 21st and want to take an extended honeymoon. We would like to backpack across Europe for ~50 days (possibly do a Contiki travel tour for part of the...
by mpt follower
Wed Jan 13, 2016 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with VGPMX (Vanguard Precious Metals and Mining)?
Replies: 85
Views: 9907

Re: What to do with VGPMX (Vanguard Precious Metals and Mining)?

This thread got me exploring. Another reason for the low valuation is that the fund is 93.5% foreign. The U.S. Dollar is crazy-strong right now. So this fund has the potential for a big gain just on FOREX. I am intrigued at these prices... I am reading Bernstein's "Four Pillars" and he hi...
by mpt follower
Wed Jan 13, 2016 2:55 pm
Forum: Personal Consumer Issues
Topic: Buenos Aires trip advice
Replies: 14
Views: 887

Re: Buenos Aires trip advice

The city that used to be. Today a mess. Delapidated, full of pocket pickers. However, good food and if you are a walker, a great city to see through one of the companies that offer walking guided tours. Check at the hotel. Do not change your dollars at the bank. If you staying in a respectable hotel...
by mpt follower
Wed Jan 13, 2016 1:33 am
Forum: Investing - Theory, News & General
Topic: Much better approach than traditional AA ratios if you have enough?
Replies: 39
Views: 3845

Re: Much better approach than traditional AA ratios if you have enough?

I am retiring on 2/29/16. I have a pension and social security that cover my expenses, visiting the grandchildren, and life in general, but not a fancy European vacation or other extensive travel and exploration. An advisor has suggested to me the following: Years 1-5 Bucket 1 - 20% in CDs through ...
by mpt follower
Wed Jan 13, 2016 1:12 am
Forum: Investing - Theory, News & General
Topic: Sell everything! 2016 will be a 'cataclysmic year,' warns RBS
Replies: 78
Views: 8864

Re: Sell everything! 2016 will be a 'cataclysmic year,' warns RBS

I would not be happy if my $10,000 1/12/99 investment in VGTSX is only worth $17,538.77 today. Not only this is nominal, but also what about taxes on dividends and unrealized capital gains!!
by mpt follower
Tue Jan 12, 2016 10:03 pm
Forum: Investing - Theory, News & General
Topic: Individual bonds- How does a broker make money
Replies: 8
Views: 426

Re: Individual bonds- How does a broker make money

Their profit is the spread between buy and sell. Further, the bond market is inefficient, meaning it is not an open market like stocks, except maybe treasuries that have a huge demand and their prices are widely absilable. Each broker sets his own prices, thus, one must shop around. It is highly una...
by mpt follower
Tue Jan 12, 2016 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: IRA withdrawal question
Replies: 2
Views: 214

Re: IRA withdrawal question

Thank you Alan. I got it!
by mpt follower
Tue Jan 12, 2016 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: IRA withdrawal question
Replies: 2
Views: 214

IRA withdrawal question

I know that I must begin my RMD from my IRA no later than April 1 of the year following the year when I turn 70 1/2. My question is the following: if for some reason I make withdrawals prior to this date, in previous years, do they count towards the sum that I have to withdraw on the April 1 mention...
by mpt follower
Sun Jan 10, 2016 3:30 am
Forum: Investing - Theory, News & General
Topic: Small value underperformance, DFA
Replies: 106
Views: 7160

Re: Small value underperformance, DFA

How many years of performance are sufficient to make judgements about the returns? I suspect the academics would require a lot more than 15 years . I think it's important to understand what the academics believe about small cap value vs. S&P 500 returns. First, they make no predictions about ho...
by mpt follower
Sat Jan 09, 2016 1:27 pm
Forum: Investing - Theory, News & General
Topic: Small value underperformance, DFA
Replies: 106
Views: 7160

Re: Small value underperformance, DFA

It is not always a matter of discipline. As I stated in my earlier text, not everybody can afford to wait for SV to show fruits. What is someone in retirement, like me, with potentially another 20 years max of investing years ahead, supposed to do? Hope that the "very long term" that you ...
by mpt follower
Sat Jan 09, 2016 12:51 pm
Forum: Investing - Theory, News & General
Topic: Small value underperformance, DFA
Replies: 106
Views: 7160

Re: Small value underperformance, DFA

It is not always a matter of discipline. As I stated in my earlier text, not everybody can afford to wait for SV to show fruits. What is someone in retirement, like me, with potentially another 20 years max of investing years ahead, supposed to do? Hope that the "very long term" that you ...
by mpt follower
Sat Jan 09, 2016 12:27 pm
Forum: Investing - Theory, News & General
Topic: Small value underperformance, DFA
Replies: 106
Views: 7160

Re: Small value underperformance, DFA

Robert T has a sophisticated factor investing approach and sticks with it through thick and thin. He is very likely to be rewarded in the very long term, however long that is. Most of us have a less sophisticated approach to factor investing and lack the patience to hold on for a decade or more of ...
by mpt follower
Fri Jan 08, 2016 4:32 pm
Forum: Investing - Theory, News & General
Topic: Small value underperformance, DFA
Replies: 106
Views: 7160

Re: Small value underperformance, DFA

"In 1958, Nobel economist James Tobin discovered that while there are many portfolios out there in portfolioland, there is only one super-efficient portfolio that cannot be improved upon.  It sits on a knife edge where any change you make is a change for the worse, delivering poorer returns fo...
by mpt follower
Fri Jan 08, 2016 2:50 pm
Forum: Investing - Theory, News & General
Topic: Small value underperformance, DFA
Replies: 106
Views: 7160

Re: Small value underperformance, DFA

Larry, It is not my intention to dispute your views, I have followed your work and read some of your books, and I am fully aware of your vast knowledge, but you must agree that there are more than one opinion on the subject. Without getting into the details of the academic work of Tobin and Sharpe, ...
by mpt follower
Fri Jan 08, 2016 11:29 am
Forum: Investing - Theory, News & General
Topic: Small value underperformance, DFA
Replies: 106
Views: 7160

Re: Small value underperformance, DFA

Where am I wrong?
Is tilting not a bet against the market?
Does the global market not constitute the most efficient portfolio?
by mpt follower
Fri Jan 08, 2016 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Are REITs included in equity allocation?
Replies: 6
Views: 439

Are REITs included in equity allocation?

When determining your equity allocation, US versus Developed World ex US versus Emerging Markets, do you nclude your REIT fund?
by mpt follower
Fri Jan 08, 2016 12:49 am
Forum: Investing - Theory, News & General
Topic: Small value underperformance, DFA
Replies: 106
Views: 7160

Re: Small value underperformance, DFA

Re 10 years. What is amazing to me is that people will make statements about 10 years of SV performance (and how much it cost investors) and at same time ignore (never mention) that for example the S&P 500 underperformed Tbills by more than SV underperformed other asset classes in last 10 years...
by mpt follower
Tue Jan 05, 2016 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D
Replies: 5
Views: 418

Re: Medicare Part D

For anyone retired and living overseas: Did you opt for Medicare Part B coverage? There is monthly charge of a bit over $100 per person which you can only use if you get treatment in the states.
by mpt follower
Mon Jan 04, 2016 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: VCIT or VCSH
Replies: 4
Views: 402

VCIT or VCSH

For a corporate bond investment, I am looking at two different options, Vanguard Short Term Corporate Bond ETF (VCSH) and Vanguard Intermediate Term Corporate Bond ETF (VCIT). This is long term money, and I am not interested in the Total Bond Fund, since I already have a huge dose of government bond...
by mpt follower
Sun Jan 03, 2016 3:32 pm
Forum: Investing - Theory, News & General
Topic: Are any US-only investors having 2nd thoughts?
Replies: 123
Views: 17553

Re: Are any US-only investors having 2nd thoughts?

No matter what "only US" investors wish to believe, the fact is that current valuations point to better "out of the US" equities performance. Notwithstanding this fact (and since it is pure mathematics, we must agree that it is fact)... The valuation metrics don't "point&qu...
by mpt follower
Sun Jan 03, 2016 3:28 pm
Forum: Investing - Theory, News & General
Topic: Are any US-only investors having 2nd thoughts?
Replies: 123
Views: 17553

Re: Are any US-only investors having 2nd thoughts?

No matter what "only US" investors wish to believe, the fact is that current valuations point to better "out of the US" equities performance. Notwithstanding this fact (and since it is pure mathematics, we must agree that it is fact)... The valuation metrics don't "point&qu...
by mpt follower
Sun Jan 03, 2016 2:34 pm
Forum: Investing - Theory, News & General
Topic: Are any US-only investors having 2nd thoughts?
Replies: 123
Views: 17553

Re: Are any US-only investors having 2nd thoughts?

No matter what "only US" investors wish to believe, the fact is that current valuations point to better "out of the US" equities performance. Notwithstanding this fact (and since it is pure mathematics, we must agree that it is fact), many may come up with very valid reasons why ...
by mpt follower
Wed Dec 30, 2015 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Net Worth
Replies: 57
Views: 5970

Re: Net Worth

SpaNancy wrote:How many Bogleheads on this site have a net worth (minus main residence) of $2,000,000 or more?


unfortunately not much money
by mpt follower
Mon Dec 28, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: A week in Lake Como, Italy
Replies: 10
Views: 1135

Re: A week in Lake Como, Italy

Very useful. Failed to state that the trip is in May 2016 and not now. Based on your suggestions, and since we are coming from Mestre (have been to Venice more than a few times), I think that we will rent a car and stay 2-3 days in Padua/Vicenza/Verona and then 3-4 days in Menaggio/Varenna/Bellagio ...
by mpt follower
Mon Dec 28, 2015 1:54 am
Forum: Personal Finance (Not Investing)
Topic: A week in Lake Como, Italy
Replies: 10
Views: 1135

A week in Lake Como, Italy

Has anyone been in the Lake Como area, Italy?
I am going to be in the Venice area (7 day Venice, Italy-Porec, Croatia bike trip). My wife wants to join after the biking and we have about a week to spare. I know Italy well, have been there many times, but never in Lake Como. Comments?
by mpt follower
Thu Dec 24, 2015 3:07 pm
Forum: Investing - Theory, News & General
Topic: Odd Interview with Cambell Harvey
Replies: 3
Views: 666

Re: Odd Interview with Cambell Harvey

The more I read the more I like total market investing.
by mpt follower
Mon Dec 21, 2015 9:00 am
Forum: Investing - Theory, News & General
Topic: A perfect storm for investors
Replies: 90
Views: 11544

Re: A perfect storm for investors

My perspective is you've got to be objective with the numbers ... For as long as I've been investing, the next apocalyptic crash has been around the corner - and this has usually taken the form of dystopian fan fiction Today's dilemma is quite boring in comparison, and I don't think it's anything m...
by mpt follower
Sun Dec 20, 2015 10:54 am
Forum: Investing - Theory, News & General
Topic: When NOT to reinvest dividends/gains
Replies: 30
Views: 2781

Re: When NOT to reinvest dividends/gains

[quote="Artsdoctor"]Erwin, Do you still have an asset allocation of subclasses in that 30-35% bucket? If you're still using US and international funds, you take the dividends that are distributed quarterly, put them in the money market, and then add the sum back to the subclass that needs ...
by mpt follower
Sat Dec 19, 2015 11:26 pm
Forum: Investing - Theory, News & General
Topic: When NOT to reinvest dividends/gains
Replies: 30
Views: 2781

Re: When NOT to reinvest dividends/gains

Being in the distribution phase, my equity portfolio, 30-35% of the total portfolio is my growth bucket. Now, all of it is in a taxable account, thus if I do not reinvest the dividends or capital gains, and use it to live from, like some here suggest, where will the growth come from?
by mpt follower
Sat Dec 19, 2015 2:10 am
Forum: Investing - Theory, News & General
Topic: Large Energy stocks - why not?
Replies: 155
Views: 9569

Re: Large Energy stocks - why not?

In short time, no one knows what will happen. In long term there is great risk that the oil dependency will go down. I think it's very risky to buy. Oil dependency will go down, but by how much? I don't see any major structural changes with 20-30 years. 30+ years maybe. You really should travel to ...
by mpt follower
Fri Dec 18, 2015 2:53 pm
Forum: Investing - Theory, News & General
Topic: Large Energy stocks - why not?
Replies: 155
Views: 9569

Re: Large Energy stocks - why not?

btenny wrote:Best time to buy is when the is blood in the streets. Warrant Buffett..


Are we there? Did you ever expect that crude would go down to $35?
by mpt follower
Fri Dec 18, 2015 2:26 pm
Forum: Investing - Theory, News & General
Topic: Large Energy stocks - why not?
Replies: 155
Views: 9569

Re: Large Energy stocks - why not?

Um, 188 countries just voted unanimously in Paris to significantly write down the value of the assets of all these fossil energy companies. They didn't describe it that way, but that is what they did. A lot of paper assets just became buried minerals again. I think there is going to be a lot of che...

Go to advanced search