Search found 5859 matches

by nedsaid
Sun Sep 25, 2016 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Net Worth Milestone Today - $1.5M
Replies: 63
Views: 6135

Re: Net Worth Milestone Today - $1.5M

Meg77, Congratulations on your milestone. It takes some courage to put your personal finances out there for comment. No matter your approach, there will be disagreement. As far as leverage, the renters make your mortgage payments for you. You have the double benefit of the mortgages being paid down ...
by nedsaid
Sun Sep 25, 2016 9:18 am
Forum: Investing - Theory, News & General
Topic: Selling in October
Replies: 21
Views: 776

Re: Selling in October

Everyone has heard of sell in May and go away. What would be wrong with sitting out October? Given enough time it would seem as though this strategy would pay off. Any thoughts? I would not do this. These are silly phrases that have a small grain of truth to them but not enough to benefit a small i...
by nedsaid
Sun Sep 25, 2016 9:02 am
Forum: Investing - Theory, News & General
Topic: Merriman knocks TSM
Replies: 17
Views: 1943

Re: Merriman knocks TSM

Really, Paul is making the factors argument that Larry Swedroe makes. Larry says that proper diversification is to invest across factors. A Merriman tilted small/value portfolio diversifies you across market, size, and value factors rather than just market. Merriman's portfolio is hard to square wi...
by nedsaid
Sat Sep 24, 2016 9:36 pm
Forum: Investing - Theory, News & General
Topic: Merriman knocks TSM
Replies: 17
Views: 1943

Re: Merriman knocks TSM

Really, Paul is making the factors argument that Larry Swedroe makes. Larry says that proper diversification is to invest across factors. A Merriman tilted small/value portfolio diversifies you across market, size, and value factors rather than just market.
by nedsaid
Sat Sep 24, 2016 5:26 pm
Forum: Personal Consumer Issues
Topic: [500 million Yahoo accounts hacked, what should you do?]
Replies: 77
Views: 4016

Re: Yahoo says hackers stole info in 500 million user accounts

squirm wrote:Half a billion is a lot of accounts, didn't know they even had that many users, unless maybe wells Fargo was handling their accounts :mrgreen:


Got a good chuckle out of that one!
by nedsaid
Sat Sep 24, 2016 5:24 pm
Forum: Personal Consumer Issues
Topic: Best way to play the points in Marriott-Starwood merger
Replies: 13
Views: 981

Re: Best way to play the Marriott-Starwood merger

Reading the title of the thread, I assumed the original poster was a shareholder of one of the companies involved.

I was going to joke that you better spend your reward points while you can! Turns out when I read the original post, that was exactly what the thread was about!
by nedsaid
Sat Sep 24, 2016 5:21 pm
Forum: Investing - Theory, News & General
Topic: The coming municipal bond crisis
Replies: 49
Views: 6255

Re: The coming municipal bond crisis

I agree with virtually all the posters here when we say this is all "well known and priced in". Before the 2008-2009 financial crisis, the risks of subprime loans were well known and priced in. We all know that subprime was a very small part of the bond market. A tempest in a teapot. :wink:
by nedsaid
Sat Sep 24, 2016 5:15 pm
Forum: Investing - Theory, News & General
Topic: Harvard Endowment Losses Tied to Value Stocks
Replies: 44
Views: 3338

Re: Harvard Endowment Losses Tied to Value Stocks

Not to stir up more noise, but does Harvard endowment's performance last year (worst fiscal year since 2009) raise any red flags about taking bets against the market by tilting portfolios? In the FT, an internal report by Harvard's management is referenced. Besides laying much of the blame on the e...
by nedsaid
Sat Sep 24, 2016 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Email from Financial Advisor
Replies: 22
Views: 3275

Re: Email from Financial Advisor

Morningstar shows 1/3/5/10 year returns for AWSHX as 13.11/8.76/14.16/6.71 The same period for VFINX shows 12.26/10/30/15.44/7.22 ER for AWSHX is .58 and shows 5.25% load. Those may not be the same in your 401k as the load is often eliminated in 401K. Looks more like the American Fund is following ...
by nedsaid
Sat Sep 24, 2016 4:26 pm
Forum: Investing - Theory, News & General
Topic: Investing to Avoid the Consequences of Being Wrong
Replies: 25
Views: 2505

Re: Investing to Avoid the Consequences of Being Wrong

Neuroeconomics is essentially Behavioral Economics where experiments are conducted with fMRI and other neuroscience equipment. As subjects are responding to experimental and control questions, the researchers are watching which brain regions become active, Visually, these experiments are very impre...
by nedsaid
Sat Sep 24, 2016 4:03 pm
Forum: Investing - Theory, News & General
Topic: "In Defense of Bonds"
Replies: 18
Views: 2100

Re: "In Defense of Bonds"

This was a very good article, a good candidate for the wiki.
by nedsaid
Sat Sep 24, 2016 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: "Women and Investing" class offered by Employer
Replies: 82
Views: 5217

Re: "Women and Investing" class offered by Employer

I'd wish DW would attend a woman's seminar. I got her financially safe products but she really doesn't understand them or what they are. Mic drop. This type of denigration by a male spouse, seen all too often on this forum, is one of the most insidious 'differences' women face and although hopefull...
by nedsaid
Sat Sep 24, 2016 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Is this asset allocation fine or am I missing something?
Replies: 17
Views: 1080

Re: Is this asset allocation fine or am I missing something?

Seekinganswers, my suggestion would be to write an Investment Policy Statement. There is a good article in the Wiki and Morningstar has a good worksheet on their website. It is an exercise in knowing yourself and writing down a coherent investment strategy. In other words, why are you doing what you...
by nedsaid
Wed Sep 21, 2016 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones exodus from American Funds?
Replies: 51
Views: 3747

Re: Edward Jones exodus from American Funds?

I'm the OP. You guys eventually figured it out through the course of conversation. I actually had a part of it wrong in my OP. Through the new fiduciary ruling, EJ is making all Retirement accounts "fee-only". All accounts will be charged 1.15 to 1.35% on the total value in that account e...
by nedsaid
Wed Sep 21, 2016 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Is this asset allocation fine or am I missing something?
Replies: 17
Views: 1080

Re: Is this asset allocation fine or am I missing something?

Hello! I've been wrestling with and wrenching on an asset allocation plan. On the one hand, I need to pick something and go with it. On the other hand, executing on a bad or poor plan can lead to poor results. Does anyone have any knee jerk reactions to the plan below? Am I missing anything? Is the...
by nedsaid
Wed Sep 21, 2016 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Why is QSPIX steadily declining?
Replies: 26
Views: 2969

Re: Why is QSPIX steadily declining?

QSPIX is up 1.31% since the post in three trading days. Two pretty big up days and one day with no change. I think OP may have called a generational low for QSPIX. ;-) Sort of like the "Stocks in Freefall" thread that pops up. When the thread reappears, a market rally is sure to follow! :...
by nedsaid
Wed Sep 21, 2016 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones exodus from American Funds?
Replies: 51
Views: 3747

Re: Edward Jones exodus from American Funds?

Chip, what funds does your advisor intend to put you in? What is the American fund replacement? edit/added: I think I've found the answer - Bridge Builder funds. Bridge Builder is a fairly new group of funds sold through the EJ brokerage network. EJ is going to recommend their own funds so they end...
by nedsaid
Wed Sep 21, 2016 3:51 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 75
Views: 5430

Re: Do Bogleheads Bucket?

...Pretty much, you want safe money to draw from when the stock market is down. In the event of a bear market, you want to allow enough time for the stocks to recover. In the Lucia and similar bucket strategies, does one rebalance into stocks when they are down significantly? So that then you have ...
by nedsaid
Wed Sep 21, 2016 2:31 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 75
Views: 5430

Re: Do Bogleheads Bucket?

I am thinking about it. Probably what I will do is put five years of withdrawals into short term bond funds and money markets. That should allow me to ride out most stock market turbulence. The Buckets of Money strategy laid out by Ray Lucia was intriguing but it got to be too complicated with three...
by nedsaid
Wed Sep 21, 2016 1:03 pm
Forum: Personal Consumer Issues
Topic: Benartzi in WSJ: "How to get more out of retirement spending"
Replies: 8
Views: 1367

Re: Benartzi in WSJ: "How to get more out of retirement spending"

It is a matter of values and of trade-offs. Everybody is different and so there is no one answer for everyone. You just sort of have to take life as it comes though planning and preparation really help. A few thoughts that I have might help someone. What makes life worthwhile are relationships with ...
by nedsaid
Wed Sep 21, 2016 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: "Women and Investing" class offered by Employer
Replies: 82
Views: 5217

Re: "Women and Investing" class offered by Employer

When my wife and I were getting serious, we delved into each other's investment portfolios. We found that she had fewer holdings, less turnover over time which meant lower transaction costs, and better historical performance than this guy with a Finance MBA. I suppose the unique challenge that wome...
by nedsaid
Wed Sep 21, 2016 12:27 pm
Forum: Investing - Theory, News & General
Topic: Bogle tilts toward Value in his own portfolio
Replies: 34
Views: 3757

Re: Bogle tilts toward Value in his own portfolio

Hello all. I am a total market investor. I have decided not to tilt to certain factors like small and value largely because of the writings of Bogle, Malkiel, Ellis, Larimore, etc... Nedsaid: [lots of good stuff...] +1, hear, hear. Scroll up for the post or use this link . Thanks for your comments....
by nedsaid
Tue Sep 20, 2016 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: Strategies to reduce illogical worries?
Replies: 36
Views: 2427

Re: Strategies to reduce illogical worries?

Hi all, So I have a problem when I worry about my investments. Wondering if anybody has the same issue. Yep, I worry about my investments too. It is part of being human. I talk a lot about avoiding behavior errors, emotional control, and making compromises between the rational self and the emotiona...
by nedsaid
Tue Sep 20, 2016 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: "Women and Investing" class offered by Employer
Replies: 82
Views: 5217

Re: "Women and Investing" class offered by Employer

A "unique financial challenge" to me means that women tend to live longer and earn less over their lifetime, thus making it financially difficult to live in their nineties and hundreds. Even if they had been married, their resources may be less than a widower's resources might be since ma...
by nedsaid
Tue Sep 20, 2016 9:31 pm
Forum: Investing - Theory, News & General
Topic: The states we won't buy munis from, update
Replies: 50
Views: 5573

Re: The states we won't buy munis from, update

First, let me say of course that these are judgments on our part, judgments about which risks are worth taking and which not. With that said personally I would prefer the Baird fund as it's quality is very high. I would add this, muni funds may be subject to flights to quality and that could create...
by nedsaid
Tue Sep 20, 2016 3:31 pm
Forum: Investing - Theory, News & General
Topic: Bogle tilts toward Value in his own portfolio
Replies: 34
Views: 3757

Re: Bogle tilts toward Value in his own portfolio

Hello all. I am a total market investor. I have decided not to tilt to certain factors like small and value largely because of the writings of Bogle, Malkiel, Ellis, Larimore, etc. Nedsaid: Nothing wrong with a total market investing strategy. Beats the pants off of most active managers and gets yo...
by nedsaid
Tue Sep 20, 2016 3:12 pm
Forum: Investing - Theory, News & General
Topic: Disappointing News Wells Fargo
Replies: 111
Views: 8737

Re: Disappointing News Wells Fargo

Wells Fargo isn't the only bank with the very high sales goals. It is a big problem all across the financial industry. I have nothing against setting goals for your employees but they are set so unrealistically high that even their best people have trouble meeting them. Big financial companies are p...
by nedsaid
Tue Sep 20, 2016 3:06 pm
Forum: Personal Consumer Issues
Topic: Fun Vacations v. Time with Family
Replies: 38
Views: 3501

Re: Fun Vacations v. Time with Family

There is a happy medium in all of this. My family isn't huge and they are mostly all within 3 hours driving distance, so it isn't like I have to burn up my vacation time seeing them. As a kid, family vacations were okay. We got on each others nerves a bit being cooped up in a station wagon and I did...
by nedsaid
Tue Sep 20, 2016 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Need 5.3% nominal
Replies: 25
Views: 3287

Re: Need 5.3% nominal

Thank you, I think you are the only one that read my post and gave a logical answer. They have a goal, if they don't meet it they will adjust accordingly. Pretty much I gave you a ballpark estimate of what might happen using a pretty simple forecasting model. I also showed how to weight the forecas...
by nedsaid
Tue Sep 20, 2016 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: New to investment - age 70
Replies: 22
Views: 2404

Re: New to investment - age 70

SeniorNovices, sound to me like you are in pretty good shape. The main reason I have concern about keeping personal and business separate is lawsuits. It sounds like the business has little in assets and only the insurance as a possible target. With an LLC, you would have in effect a corporate shell...
by nedsaid
Mon Sep 19, 2016 4:17 pm
Forum: Personal Consumer Issues
Topic: Vacation bundling sites (Expedia, Priceline, etc)
Replies: 14
Views: 1204

Re: Vacation bundling sites (Expedia, Priceline, etc)

I am looking to go on a vacation to Hawaii next year and was wondering if using an Expedia like site will save $$$ when flight/hotel/rental car is bundled together? Or is it better to try to ala carte everything? Thanks Bogleheads. DS I have used several methods in vacation planning. I have used tr...
by nedsaid
Mon Sep 19, 2016 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: 24 year old new dividend portfolio
Replies: 151
Views: 6947

Re: 24 year old new dividend portfolio

Thanks for your comments. Owning individual stocks is a good education. As you said one learns a lot about the markets, business, and the economy from owning stocks. You also gain an appreciation for what portfolio managers do. I would go as far as to say that owning investments, not just individua...
by nedsaid
Mon Sep 19, 2016 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Need 5.3% nominal
Replies: 25
Views: 3287

Re: Need 5.3% nominal

Doing some planning for my parents and they need to achieve a 5.3% nominal return over the next 7 years until beginning withdrawals from portfolio. What is the best way to decide on an asset allocation given that the future is unknown and rates are so low. A real return of 3-3.5% if you want to thi...
by nedsaid
Mon Sep 19, 2016 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: 24 year old new dividend portfolio
Replies: 151
Views: 6947

Re: 24 year old new dividend portfolio

One appeal to owning dividend stocks directly is that odds are pretty good that your payouts will grow above the rate of inflation. That mostly inflation protected income stream has a lot of appeal, one big reason I haven't sold my individual stocks. A friend of mine and his wife had a 100% stock po...
by nedsaid
Mon Sep 19, 2016 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: New to investment - age 70
Replies: 22
Views: 2404

Re: New to investment - age 70

SeniorNovices, If you business can't be sold, that is an important piece of information. I used to believe that a good businessman should invest whatever he had into his business, reinvest to make it grow. But over time, I followed the lives of successful business people and found that they would dr...
by nedsaid
Mon Sep 19, 2016 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: 24 year old new dividend portfolio
Replies: 151
Views: 6947

Re: 24 year old new dividend portfolio

Really, there are a number of investment approaches that work and work pretty well if the investor has the courage of his/her convictions and will stick with the plan. Building a portfolio of individual stocks and buying and holding for the long term, despite all the warnings issued here, can work ...
by nedsaid
Sun Sep 18, 2016 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard Invite to a] "private event"
Replies: 28
Views: 3506

Re: [Vanguard Invite to a] "private event"

I'll never be a Flagship Select client unless I happen to win the upcoming October Publisher Clearing House drawing with the current award of $7,000 per week for the rest of my life. But at my age I probably might not get to that level even with the PCH prize money, especially after federal (no sta...
by nedsaid
Sun Sep 18, 2016 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: New to investment - age 70
Replies: 22
Views: 2404

Re: New to investment - age 70

SeniorNovices: You got some really good advice here, at least you have some homework assignments and topics for study. I did a quote on the immediate annuities website that I mentioned. I put in that you and your wife both lived in California, wanted Joint Life, and invested $100,000. That would net...
by nedsaid
Sun Sep 18, 2016 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: 24 year old new dividend portfolio
Replies: 151
Views: 6947

Re: 24 year old new dividend portfolio

Really, there are a number of investment approaches that work and work pretty well if the investor has the courage of his/her convictions and will stick with the plan. Building a portfolio of individual stocks and buying and holding for the long term, despite all the warnings issued here, can work a...
by nedsaid
Sat Sep 17, 2016 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: 24 year old new dividend portfolio
Replies: 151
Views: 6947

Re: 24 year old new dividend portfolio

You could add Jeremy Siegel to the list of academics that like dividends. There is also a thread started by Taylor Larimore on factor investing. Taylor cited an MSCI paper that believes that dividends are a factor in themselves. This was a paper that I came across before and I have read it. So there...
by nedsaid
Sat Sep 17, 2016 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: 24 year old new dividend portfolio
Replies: 151
Views: 6947

Re: 24 year old new dividend portfolio

I am an accountant and I got as far as Calculus in college. A bit of statistics because auditors use sampling techniques. But I learned pretty quickly that a mathematician I am not. I worked many years as a Healthcare accountant and I am aware that the field draws a lot of very bright people. That i...
by nedsaid
Sat Sep 17, 2016 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: 24 year old new dividend portfolio
Replies: 151
Views: 6947

Re: 24 year old new dividend portfolio

I will make one more try and move on. I am very sympathetic to what the original poster is trying to do. Every so often, I will come across a story of a frugal person who dies leaves millions to charity and their friends and family very surprised. How did these people accumulate so much money? These...
by nedsaid
Sat Sep 17, 2016 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Personal advisor services
Replies: 11
Views: 1086

Re: Personal advisor services

What is your opinion of the Personal Advisor Service that Vanguard offers for .30bp per annum? My portfolio holds approximately $1.5MM, so I qualify for free investing advice, but chose to go with a dedicated advisor I read extensively about investing, but being close to retirement, I don't have a ...
by nedsaid
Sat Sep 17, 2016 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Keys to a Successful Retirement
Replies: 55
Views: 6484

Re: Keys to a Successful Retirement

I've never understood the basic logic of the advice to buy annuities. I simply don't understand the logic of taking investing risk for much or most of my investing career. Having my basic stock/bond allocation set to manage my risk to that point. Then, all the sudden, feel the need to get insurance...
by nedsaid
Sat Sep 17, 2016 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Questions for Insurance Salesman on Whole Life Policy
Replies: 59
Views: 3640

Re: Questions for Insurance Salesman on Whole Life Policy

Well, I did end up meeting with him and I didn't buy anything. It was, as expected, simply an annual check-up. I asked several questions about the universal life policies, both on the adults and the children. We also asked other generic financial issues. He actually said his group is switching over...
by nedsaid
Sat Sep 17, 2016 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard Invite to a] "private event"
Replies: 28
Views: 3506

Re: "private event"

I'll bet anything it is for their personal advisory service. They are selling that very hard lately. Pushing on anyone who asks about asset allocation. That is what I am wondering too. The only other thing I can think of is that the original poster has very large balances at Vanguard and that this ...
by nedsaid
Sat Sep 17, 2016 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffett Loves The S&P 500?
Replies: 14
Views: 2007

Re: Warren Buffett Loves The S&P 500?

When asked for investing advice, in nearly every interview Warren gives he recommends the S&P 500. In addition, he likes to point out the comparison between the S&P 500 and actively managed funds. And lastly, when covering general market topics he will usually mention the S&P. Why is th...
by nedsaid
Sat Sep 17, 2016 2:25 pm
Forum: Investing - Theory, News & General
Topic: Mistakes benchmarking to the S&P500
Replies: 7
Views: 627

Re: Mistakes benchmarking to the S&P500

I think another thing people miss when benchmarking against the S&P 500 is that few of us have 100% stock portfolios. Right now, my portfolio is about 2/3 stocks and 1/3 bonds and cash. Some of my stocks are International. So if I benchmarked against the S&P 500 index, it would be pretty mea...
by nedsaid
Sat Sep 17, 2016 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: 24 year old new dividend portfolio
Replies: 151
Views: 6947

Re: 24 year old new dividend portfolio

Dividends are a free lunch in a tax advantaged account and you're only making the assumption that a rise in the TSM would be equal. Nedsaid: Even I don't make the free lunch argument. I do have a preference for dividend stocks but I have owned non-dividend stocks as well. As has been discussed befo...
by nedsaid
Sat Sep 17, 2016 1:32 pm
Forum: Investing - Theory, News & General
Topic: Are REITs Out The Window For Us Factor Junkies?
Replies: 12
Views: 1864

Re: Are REITs Out The Window For Us Factor Junkies?

Dave, my main comment is that REITs don't represent value at this point. The yield and dividend chasers have seen to that. In recent months, I have trimmed back my REITs by maybe 20% but I have no plans to exit the asset class. As far as I know, I don't have access to AQR Funds such as QSPIX so to m...

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