Search found 89 matches

by mrwheelerdealer
Sun Jun 18, 2017 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Historical and Current Corporate Bonds Risk Premium
Replies: 4
Views: 347

Re: Historical and Current Corporate Bonds Risk Premium

Thank you for the links. I'll will do my readerch and post back with any insights. Thank you all
by mrwheelerdealer
Sun Jun 18, 2017 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Historical and Current Corporate Bonds Risk Premium
Replies: 4
Views: 347

Historical and Current Corporate Bonds Risk Premium

Hello Bogleheads, I have been looking all over for reliable data about the historical average risk premium that corporate bonds have experienced over the years. I have not had any success. Specifically, I wanted to compare the current Risk Premium (difference in yield between, say greater than and i...
by mrwheelerdealer
Fri Mar 10, 2017 7:54 am
Forum: Investing - Theory, News & General
Topic: Alternative Strategy for Returns with S&P 500 P/E High
Replies: 23
Views: 2381

Re: Alternative Strategy for Returns with S&P 500 P/E High

That's not my experience with options. What I mean is that the bid will drop so low that you will not want to sell at that price. Or if you will, the spread will be so high that a sane person would not make the trade. Ok I understand what you are saying - but take a look at an option chain for Dec....
by mrwheelerdealer
Fri Mar 10, 2017 7:37 am
Forum: Investing - Theory, News & General
Topic: Alternative Strategy for Returns with S&P 500 P/E High
Replies: 23
Views: 2381

Re: Alternative Strategy for Returns with S&P 500 P/E High

livesoft wrote:Nobody has to buy the put that you might offer to sell, so good luck with that.


Livesoft, that's not how it works - if there is nobody on the other side of the trade, the brokerage itself takes it. That's their reward for cashing in on all those bid/ask spreads.
by mrwheelerdealer
Fri Mar 10, 2017 7:36 am
Forum: Investing - Theory, News & General
Topic: Alternative Strategy for Returns with S&P 500 P/E High
Replies: 23
Views: 2381

Re: Alternative Strategy for Returns with S&P 500 P/E High

Does anybody know where to find the most reliable trailing P/E numbers?
by mrwheelerdealer
Fri Mar 10, 2017 7:28 am
Forum: Investing - Theory, News & General
Topic: Alternative Strategy for Returns with S&P 500 P/E High
Replies: 23
Views: 2381

Re: Alternative Strategy for Returns with S&P 500 P/E High

There's no particular reason the market should somehow mean revert to some cherry-picked past valuation multiple. There's also no particular reason that the market won't blow past a P/E of 20 and keep falling, if it does. In general there can be some merit to selling volatility or insurance but I d...
by mrwheelerdealer
Wed Mar 08, 2017 7:07 pm
Forum: Investing - Theory, News & General
Topic: Alternative Strategy for Returns with S&P 500 P/E High
Replies: 23
Views: 2381

Re: Alternative Strategy for Returns with S&P 500 P/E High

How do you sell S&P500 puts at a specific p/e ratio? It seems you have forgotten that p/e has more than just price as an input variable. To be clear I would never do this. Triceratop, It's not an exact price - obviously, we don't know what earnings on the S&P 500 will be 2 years from now. F...
by mrwheelerdealer
Wed Mar 08, 2017 6:55 pm
Forum: Investing - Theory, News & General
Topic: Alternative Strategy for Returns with S&P 500 P/E High
Replies: 23
Views: 2381

Alternative Strategy for Returns with S&P 500 P/E High

Greetings Bogleheads, Just to be clear, the vast majority of my money is invested in index funds. I am thinking about setting apart a small percentage of my portfolio for an alternative investing strategy. I would like to hear the respected opinions of the other forum members about my idea. Here goe...
by mrwheelerdealer
Wed Nov 23, 2016 9:32 am
Forum: Investing - Theory, News & General
Topic: Approaching the S&P 500 like Benjamin Graham
Replies: 13
Views: 2662

Approaching the S&P 500 like Benjamin Graham

I am an avid reader of The Intelligent Investor. I really think that everything Graham writes in that book is sensible and can easily be applied to today's markets (if the fundamental data if updated of course). In fact, one of the main reasons I index is because Graham pretty much suggests it in Ch...
by mrwheelerdealer
Thu Aug 18, 2016 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: Mid-Cap Value vs. Large Value with Ishares
Replies: 2
Views: 550

Mid-Cap Value vs. Large Value with Ishares

In a previous post I mentioned that I am in the middle of constructing a portfolio at fidelity with Ishares. In my Vanguard account, I substituted VOE ( Mid-Cap Value) for VTV ( Vanguard (Large) Value ), as recommended by Bill Bernstein in Rational Expectations. He mentioned in a post on the forum t...
by mrwheelerdealer
Tue Aug 02, 2016 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Corporate Bonds vs. Treasury Bonds in Current Rate Environment
Replies: 6
Views: 1135

Re: Corporate Bonds vs. Treasury Bonds in Current Rate Environment

Based on some of your other posts to this forum, it appears you are in the early accumulation stage of your investing career and have about a 65/35 equity / fixed income asset allocation. At this stage of your investing career, a 1 - 1.5% difference in the yield for your fixed income investments ho...
by mrwheelerdealer
Tue Aug 02, 2016 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Corporate Bonds vs. Treasury Bonds in Current Rate Environment
Replies: 6
Views: 1135

Corporate Bonds vs. Treasury Bonds in Current Rate Environment

Bogleheads, Since I began investing ( in 2014 ) I have held my entire bond portfolio in VFITX ( Intermediate term Treasury Fund). When I began to invest, rates were at 1.5% ( for VFITX). Currently, the rate is 0.93%. I am starting to rethink my bond portfolio. Part of the reason is because after rev...
by mrwheelerdealer
Wed Jul 27, 2016 6:20 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads approach explained in one paragraph
Replies: 13
Views: 1666

Bogleheads approach explained in one paragraph

Bogleheads, I have an upcoming assignment in college to speak about a business topic for 5-7 minutes. Because I am very passionate ( and, I guess, somewhat knowledgeable in the Boglehead theories) I figured this would be a good topic. I would like to briefly elaborate on what we do and why, and beca...
by mrwheelerdealer
Thu Jul 14, 2016 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Optimal Bond Fund in Taxable Account
Replies: 12
Views: 1228

Re: Optimal Bond Fund in Taxable Account

A little backwards in terms of taxes. Muni's are exempt from Federal tax. Treasuries are exempt from state and local taxes. If you like treasuries, there is no problem. They certainly do well in a crisis or downturn and do not follow stocks. If that is the cas, why not Total Bond which is 2/3 Treas...
by mrwheelerdealer
Wed Jul 13, 2016 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Optimal Bond Fund in Taxable Account
Replies: 12
Views: 1228

Re: Optimal Bond Fund in Taxable Account

A little backwards in terms of taxes. Muni's are exempt from Federal tax. Treasuries are exempt from state and local taxes. If you like treasuries, there is no problem. They certainly do well in a crisis or downturn and do not follow stocks. If that is the cas, why not Total Bond which is 2/3 Treas...
by mrwheelerdealer
Wed Jul 13, 2016 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Optimal Bond Fund in Taxable Account
Replies: 12
Views: 1228

Optimal Bond Fund in Taxable Account

Bogleheads, I am currently reviewing my portfolio and after doing some poking around on the forum it seems that the consensus is that VWIUX (Vanguard Intermediate Term Tax-Exempt Bond Fund ) is the way to go for the bond choice for taxable accounts. I don't understand why it's better than what I cur...
by mrwheelerdealer
Sun Jul 03, 2016 3:07 pm
Forum: Investing - Theory, News & General
Topic: Devil's Advocate for not significantly changing my International Allocation
Replies: 39
Views: 3783

Re: Devil's Advocate for not significantly changing my International Allocation

Mr wheelerdealer, All your concerns regarding international exposure are already priced into the values of the equities. The market prices risk. For all the reasons you describe, valuations may be lower and thus expected returns higher than in the US. Currently the P/E ratio of US market substantia...
by mrwheelerdealer
Sun Jul 03, 2016 10:30 am
Forum: Investing - Theory, News & General
Topic: Devil's Advocate for not significantly changing my International Allocation
Replies: 39
Views: 3783

Re: Devil's Advocate for not significantly changing my International Allocation

I started buying VXUS in April 2014. It has been nothing but losses since I started. It is in a taxable account. Nonetheless, I took it upon myself when I began investing never to sell to discourage speculative behavior. So, yes, my plan was to simply add to my US investments and automatically my I...
by mrwheelerdealer
Sun Jul 03, 2016 8:25 am
Forum: Investing - Theory, News & General
Topic: Devil's Advocate for not significantly changing my International Allocation
Replies: 39
Views: 3783

Re: Devil's Advocate for not significantly changing my International Allocation

Is this taxable and retirement accounts? What is the value of your VXUS now versus when you bought it ? Has there been a loss or a gain? If it were me, I might simply stop adding to VXUS and add all new monies to US stock and bonds. It pains me to sell low, is it? And the reasons you bought in the ...
by mrwheelerdealer
Sat Jul 02, 2016 10:51 pm
Forum: Investing - Theory, News & General
Topic: Devil's Advocate for not significantly changing my International Allocation
Replies: 39
Views: 3783

Devil's Advocate for not significantly changing my International Allocation

Bogleheads, I currently have 35% of the stock portion of my portfolio invested in VXUS/VSS. I am strongly considering doing two things. First of all, when I originally invested in VXUS, I was new to the forum, so I didn't understand all the opinions regarding VXUS, but it seemed the consensus on the...
by mrwheelerdealer
Wed Jun 01, 2016 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead Investing with Fidelity/ishares
Replies: 22
Views: 2407

Re: Boglehead Investing with Fidelity/ishares

stlutz wrote:Is this in a retirement account or a taxable account? That could influence some of your decisions.

Taxable
by mrwheelerdealer
Wed Jun 01, 2016 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead Investing with Fidelity/ishares
Replies: 22
Views: 2407

Re: Boglehead Investing with Fidelity/ishares

The reason I don't want to buy VNQ with Fidelity is because it's not commission free That's fine but to me it's one of the best REITs index Funds or ETFs out there. The $8 in commission is practically negligible to me. What I can do is reduce the frequency I invest in it and invest in larger chunks...
by mrwheelerdealer
Wed Jun 01, 2016 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead Investing with Fidelity/ishares
Replies: 22
Views: 2407

Re: Boglehead Investing with Fidelity/ishares

To give you an example - the Vanguard S&P 500 Index Fund (VFINX) cost is 0.16% ER. The Fidelity (Spartan) S&P 500 Index Fund (FUSEX) cost is 0.10% ER. The Fidelity Fund is also quite huge with over $95B in assets. VFINX returns: 5-yrs: 11.50% ... 10-yrs: 7.29% FUSEX returns: 5-yrs: 11.57% ....
by mrwheelerdealer
Wed Jun 01, 2016 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead Investing with Fidelity/ishares
Replies: 22
Views: 2407

Re: Boglehead Investing with Fidelity/ishares

Fidelity's Spartan Index mutual funds are equivalent to Vanguards Total Market Index funds. ETF, exchange traded funds, are index funds that are traded on the stock market. The difference between an ETF and a corresponding mutual fund is not great, and which you choose is more a matter of convenien...
by mrwheelerdealer
Wed Jun 01, 2016 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead Investing with Fidelity/ishares
Replies: 22
Views: 2407

Re: Boglehead Investing with Fidelity/ishares

livesoft wrote:I love ETFs, but do you even need to use them? Fidelity has index funds of its own. Why not use them?


Really? Are they as reliable/cost efficient as Vanguards index funds? If you like ETFs, why should I use index funds?
by mrwheelerdealer
Wed Jun 01, 2016 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead Investing with Fidelity/ishares
Replies: 22
Views: 2407

Boglehead Investing with Fidelity/ishares

Hey Bogleheads, I have had a brokerage account at Vanguard for years. I recently opened a brokerage account at Fidelity ( long story - for practical reason). I could technically transfer the money over to Vanguard, but it would be a hassle for a number of reasons. My question is this: I noticed that...
by mrwheelerdealer
Wed Jun 01, 2016 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Investing with Canadian Dollars in the US
Replies: 5
Views: 608

Re: Investing with Canadian Dollars in the US

Greetings Bogleheads! When I first joined the forum a couple years ago, I spent a lot of time researching the best way to build my portfolio. I know there are a lot of hot debates about that very topic around here, but that's not what I want to get into. I used to live in Canada so I have CAD dolla...
by mrwheelerdealer
Tue May 31, 2016 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Investing with Canadian Dollars in the US
Replies: 5
Views: 608

Investing with Canadian Dollars in the US

Greetings Bogleheads! When I first joined the forum a couple years ago, I spent a lot of time researching the best way to build my portfolio. I know there are a lot of hot debates about that very topic around here, but that's not what I want to get into. I used to live in Canada so I have CAD dollar...
by mrwheelerdealer
Tue May 10, 2016 10:25 am
Forum: Investing - Theory, News & General
Topic: WSJ Article Dividends Aren't the Answer, They're the Problem
Replies: 57
Views: 10111

Re: WSJ Article Dividends Aren't the Answer, They're the Problem

Da5id wrote:
coachz wrote:Reading that requires a subscription


As with most WSJ articles, googling it with exact name gets you the article without a sub...


Correct
by mrwheelerdealer
Tue May 10, 2016 9:27 am
Forum: Investing - Theory, News & General
Topic: WSJ Article Dividends Aren't the Answer, They're the Problem
Replies: 57
Views: 10111

Re: WSJ Article Dividends Aren't the Answer, They're the Problem

abuss368 wrote:I agree with Jack Bogle in terms of dividends and enjoy receiving them.


I apologize but I don't understand what you are saying. Did you read the article?
by mrwheelerdealer
Tue May 10, 2016 9:19 am
Forum: Investing - Theory, News & General
Topic: WSJ Article Dividends Aren't the Answer, They're the Problem
Replies: 57
Views: 10111

WSJ Article Dividends Aren't the Answer, They're the Problem

I came across the following article this morning and I thought it would be an interesting read for the forum, being that dividends are so essential to our investment strategy. I would also like to hear the bogleheads take on the matter.

mrwheelerdealer

http://www.wsj.com/articles/dividends-a ... 1462803975
by mrwheelerdealer
Fri Feb 12, 2016 1:26 pm
Forum: Investing - Theory, News & General
Topic: Meb Faber's new book Investing With the House
Replies: 41
Views: 5262

Meb Faber's new book Investing With the House

m Hey folks, I know this is a forum geared towards advocates of diversification, indexing, etc. However, my understanding is that a lot of bogleheads believe in theory that a select few talented investors can beat the market on a consistent basis ( think Buffet, Greenblatt, Klarman, Ican, Ackman, et...
by mrwheelerdealer
Mon Feb 01, 2016 2:57 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig's WSJ article about the best stock in the last 30 years
Replies: 9
Views: 2196

Jason Zweig's WSJ article about the best stock in the last 30 years

Hey bogleheads, m I came across this article a few days ago in the WSJ. For those who do not have access to the article the basic gist of it is that besides the fact that it's almost impossible to find the stock that will be the best performer for the next number of years ( Zweig picks 30 ), even if...
by mrwheelerdealer
Tue Oct 13, 2015 5:58 pm
Forum: Investing - Theory, News & General
Topic: Are you ready to buy stocks at your grocery store?
Replies: 42
Views: 4790

Are you ready to buy stocks at your grocery store?

m Now selling at the checkout counter: breath mints, hand sanitizer and…$25 of Berkshire Hathaway stock? In a new twist on the bustling gift-card business, retailers such as Kmart and Office Depot this week are starting to roll out cards that give the recipients small amounts of stock in some of the...
by mrwheelerdealer
Mon Oct 12, 2015 8:52 pm
Forum: Investing - Theory, News & General
Topic: Overdiversifying
Replies: 13
Views: 1597

Overdiversifying

Hello Bogleheads, I am in the middle of working my way through The Intelligent Investor. As an aside, it is my second time going through it, but I am stunned by how much his strategy for the defensive investor sounds exactly like the Boglehead strategy. It makes great sense to me now the point Mr. B...
by mrwheelerdealer
Sun Sep 06, 2015 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Investing in Tax deferred
Replies: 7
Views: 470

Re: Investing in Tax deferred

Actually, I did pay income taxes, by hey we're very minimal. I happen to own my house ( real estate is cheap in my neck of the woods, a bit of taxes on my savings accounts, and a bit on my collected dividends ( no capit gain tax ). The entire amount of taxes might be around $6000-$7000, so I don't ...
by mrwheelerdealer
Sun Sep 06, 2015 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Investing in Tax deferred
Replies: 7
Views: 470

Re: Investing in Tax deferred

Since you are a student now, do you pay any income taxes now? Last year? This year? Next year? Perhaps semantically, investing in tax-deferred means investing a 401(k) plan or a 403(b) plan (both sponsored by one's employer) or in a traditional IRA or in a self-employed retirement plan like a SEP-I...
by mrwheelerdealer
Sun Sep 06, 2015 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Investing in Tax deferred
Replies: 7
Views: 470

Investing in Tax deferred

Hey Bogleheads, I've been a member of the forum for a while, and in order to get my feet wet in stocks and get a feeling for how this all works, I opened an account and put some money in. I see many people on the account talking about tax-deffered accounts, rollovers, IRA, and I honestly have no ide...
by mrwheelerdealer
Thu Sep 03, 2015 7:06 pm
Forum: Investing - Theory, News & General
Topic: Index Investing for the Future
Replies: 16
Views: 1748

Re: Index Investing for the Future

I think it's reasonable to expect stock market performance to be cyclical .. The 19th century was perhaps an era for bonds - stocks underperformed for 73 years straight .. The 20th century started with two world wars and a great depression, then followed up with the rapid global expansion of capita...
by mrwheelerdealer
Thu Sep 03, 2015 4:45 pm
Forum: Investing - Theory, News & General
Topic: Index Investing for the Future
Replies: 16
Views: 1748

Re: Index Investing for the Future

PJW, I believe what you are saying is that nobody is really sure of anything. All they know is that stocks are a higher risk and therefore they should give you the potential for higher returns, but that is not promised by any means ( correct me if I'm wrong ). The definition of investment according ...
by mrwheelerdealer
Thu Sep 03, 2015 2:07 pm
Forum: Investing - Theory, News & General
Topic: Index Investing for the Future
Replies: 16
Views: 1748

Index Investing for the Future

Hello Bogleheads, I have read a lot of books on the theory of indexing, and I have spent a lot of time on this forum. The question I have been wondering lately that I haven't found sufficiently covered anywhere is this: When you buy an index fund, you are betting on future earnings, and thus either ...
by mrwheelerdealer
Tue Sep 01, 2015 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Finding Yield for International Funds/Real Estate
Replies: 1
Views: 183

Finding Yield for International Funds/Real Estate

Hey Bogleheads, I have searched the forum a few times about this question but I haven't found any answer yet. Knowing the dividend yield is an important part of investing, but I have no idea how to find the dividend yield on ETFs like VXUS, VSS, VNQ, etc. I see on Vangaurd's website the " SEC Y...
by mrwheelerdealer
Tue May 19, 2015 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Practical Applications for William Bernstein's Deep Risk
Replies: 10
Views: 2217

Re: Practical Applications for William Bernstein's Deep Risk

I think you might be misinterpreting Bernstein. I know he says in his retirement calculator from Hell there's a 20% chance the world, or at least the US as we know it, will end. However, in some of his posts here, he's said and I'm paraphrasing that he views most of those disaster events as largely...
by mrwheelerdealer
Tue May 19, 2015 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Practical Applications for William Bernstein's Deep Risk
Replies: 10
Views: 2217

Re: Practical Applications for William Bernstein's Deep Risk

I think you might be misinterpreting Bernstein. I know he says in his retirement calculator from Hell there's a 20% chance the world, or at least the US as we know it, will end. However, in some of his posts here, he's said and I'm paraphrasing that he views most of those disaster events as largely...
by mrwheelerdealer
Sun May 17, 2015 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Practical Applications for William Bernstein's Deep Risk
Replies: 10
Views: 2217

Re: Practical Applications for William Bernstein's Deep Risk

The "Permanent" or "All Weather" portfolio is the investor's equivalent to Ponce de Leon's Fountain of Youth. A portfolio that will do okay no matter what the markets throw at it. A portfolio that will give you a smoother ride than a standard stock and bond portfolio. Like the f...
by mrwheelerdealer
Sun May 17, 2015 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Practical Applications for William Bernstein's Deep Risk
Replies: 10
Views: 2217

Practical Applications for William Bernstein's Deep Risk

Hey Bogleheads, I'm in the middle of reading Deep Risk by Dr. Bernstein. For those who read the book, I love the way he tries to quantify the likelihood of the risks of the "four horsemen" ( inflation, deflation, confiscation, devastation), the amount each will affect your portfolio, and t...
by mrwheelerdealer
Sun May 03, 2015 7:25 am
Forum: Investing - Theory, News & General
Topic: Bill Bernstein Rational Expectations
Replies: 16
Views: 4137

Re: Bill Bernstein Rational Expectations

Very helpful response. The only question I have is let's say you decide that you want 50% of your exposure to be in US and 50% International. You are starting to invest today. There are many metrics to value a market but I think most investors would agree today that international equity seems cheap...
by mrwheelerdealer
Wed Apr 29, 2015 2:57 pm
Forum: Investing - Theory, News & General
Topic: Cheap multiples and Risk
Replies: 2
Views: 520

Cheap multiples and Risk

Hey Bogleheads, Myself being a student of Professor Aswath Damodaran, I read his musings on markets he puts up monthly. Many of the articles are not directly relevant to bogleheads, but some very much are. I found an article from 2013 in which he makes an argument that to me made a lot of logical se...
by mrwheelerdealer
Wed Apr 29, 2015 1:36 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein Rational Expectations
Replies: 16
Views: 4137

Re: Bill Bernstein Rational Expectations

What he's saying is that if asset class X (let's pretend it's Emerging Markets) goes up by X% relative to everything else, you want to decrease your AA to that class by 0.1*X% And if it drops by X%, you want to increase your AA by 0.183*X%. Say your EM AA as a proportion of equities is 15%. It goes...
by mrwheelerdealer
Wed Apr 29, 2015 1:23 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein Rational Expectations
Replies: 16
Views: 4137

Re: Bill Bernstein Rational Expectations

Thanks all for the helpful responses. Much appreciated.