Search found 10990 matches

by pkcrafter
Fri Feb 24, 2017 10:10 pm
Forum: Investing - Theory, News & General
Topic: "The Impending Fiduciary Armageddon Of (Most) Mutual Fund Share Classes" by Michael Kitces
Replies: 7
Views: 1095

Re: "The Impending Fiduciary Armageddon Of (Most) Mutual Fund Share Classes" by Michael Kitces

The new fiduciary rule doesn't even have to get enacted now--the cat is out of the bag. Which is why this week's news that the American Funds are making all of their funds available without loads via Schwab and Fidelity is such big news. :shock: https://www.soundmindinvesting.com/articles/view/the-e...
by pkcrafter
Fri Feb 24, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Allocation Help
Replies: 1
Views: 92

Re: 401K Allocation Advice

I don't know if it's intentional, but you are overweight in small and somewhat underweight in mid.

Approximating total stock market

https://www.bogleheads.org/wiki/Approxi ... ock_market

Paul
by pkcrafter
Fri Feb 24, 2017 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup/Critique me and Questions
Replies: 6
Views: 543

Re: Portfolio Checkup/Critique me and Questions

Davidscubadiver wrote: Currently, my portfolio as a whole is invested in 16% mid caps, 12% Small and 32% Large caps. I do not have a target for these. I can see myself losing patience with long periods of time when they underperform, but I don't look at the 401(k) individual investment performance a...
by pkcrafter
Fri Feb 24, 2017 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Low Income 29yr old
Replies: 31
Views: 3211

Re: Low Income 29yr old

Welcome chevchase, Your 401k plan is probably around average in expense. You have the TAP index fund (S&P500) with an ER of O.65%, which is high , but with the match it becomes much more attractive. We like to suggest a person invest up to the match and then if there is any money left, use a Rot...
by pkcrafter
Fri Feb 24, 2017 1:41 pm
Forum: Investing - Theory, News & General
Topic: new study on Investor behavior being disconnected from financial theory and reality
Replies: 36
Views: 1869

Re: new study on Investor behavior being disconnected from financial theory and reality

Thanks Larry. As noted above, you hit this one out of the park. I have not seen an article on dividends that covers it as well has you have here. I think part of the explanation for wanting/taking dividends comes from 3 generations back, and the idea was passed down. Back when people received divide...
by pkcrafter
Fri Feb 24, 2017 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Talking with parents' financial advisor
Replies: 39
Views: 2510

Re: Talking with parents' financial advisor

Your parents are probably paying at least 2.5% in fees/commissions and they should get out, but that is a decision they need to make. Even another advisory service with a fiduciary would be better. If you want to make an impression, use a fee calculator to show them how much of their savings they ar...
by pkcrafter
Fri Feb 24, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: US Small Value - Did i just luck out big time?!
Replies: 18
Views: 828

Re: US Small Value - Did i just luck out big time?!

The company offering is a hybrid using 50% DFA and 50% of other small stocks--149 "other" in total. DFA holds 1489 stocks. It is not a DFA fund because the top ten holdings in DFA are not the same as those listed. Here's' DFA Targeted Value top 10 1. AVNET INC COMMON STOCK USD1.0 0.741% 0....
by pkcrafter
Fri Feb 24, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1104

Re: ETFs vs mutual funds and expense ratios

We are in the process of revamping our retirement plan through work and had a question come up. One of the brokers we spoke with stated that it would be cheaper for us to purchase ETFs instead of the coresponding mutual funds within our plan as the ETFs have no expenses. Whoops, stop! I don't even ...
by pkcrafter
Thu Feb 23, 2017 11:57 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup/Critique me and Questions
Replies: 6
Views: 543

Re: Portfolio Checkup/Critique me and Questions

David, your AA is 70/30, all accounts except 529, or are you including those too? You seem to be a bit unsure about small and mid. Do you have a target allocation for those? What does the AA look like when broken down into U.S. large, mid, small. I know you want 30% international, but lets leave tha...
by pkcrafter
Thu Feb 23, 2017 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with decision [leaving Edward Jones]
Replies: 11
Views: 796

Re: Need help with decision [leaving Edward Jones]

Call Vanguard, they will initiate the transfer (do a custodian to custodian transfer) and you won't have to interact with EJ. There will be acc. closing fees and maybe fees to sell the funds you have. You could have everything transferred to Vanguard, but they will also charge you to sell the funds,...
by pkcrafter
Thu Feb 23, 2017 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Review My New Asset Allocation
Replies: 5
Views: 446

Re: Review My New Asset Allocation

Since REITs are stocks, your AA is 85/15. OK?

Paul
by pkcrafter
Thu Feb 23, 2017 3:09 pm
Forum: Investing - Theory, News & General
Topic: Extreme Valuations, and why you should reconsider
Replies: 170
Views: 9267

Re: Extreme Valuations, and why you should reconsider

I think there is significant difference between pure market timing and comparing where one is financially, where they want to be down the road, current valuations, future expected returns, and possibly adjusting AA on that basis. These are once every 5-10 adjustments perhaps. Dave Makes sense and r...
by pkcrafter
Thu Feb 23, 2017 1:23 pm
Forum: Investing - Theory, News & General
Topic: Extreme Valuations, and why you should reconsider
Replies: 170
Views: 9267

Re: Extreme Valuations, and why you should reconsider

decarste: The whole point of the thread was to rethink your risk profile, and just double check - based on your probably much larger portfolio balance - whether you can stomach a 30% drawdown - which came with an allocation of 60% stocks and 40% bonds Getting one's risk profile correct is of major i...
by pkcrafter
Thu Feb 23, 2017 9:46 am
Forum: Investing - Help with Personal Investments
Topic: How is my Boglehead Progress going??
Replies: 6
Views: 858

Re: How is my Boglehead Progress going??

Hello! I spend way too much time on this site but I have learned so much over the past 6 months. I would love it if people could look over the progress I am making and see if there is anything I am overlooking, mistakes I am potentially making or something that could be improved. I am also interest...
by pkcrafter
Thu Feb 23, 2017 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Where to put bonds with only a Taxable Account & IRAs?
Replies: 9
Views: 834

Re: Where to put bonds with only a Taxable Account & IRAs?

I don't know if Vanguard's tax-manged balanced fund (49/51) would help you out, but it may be a considered option in taxable.

http://portfolios.morningstar.com/fund/ ... ture=en-US

https://personal.vanguard.com/us/funds/ ... undId=0103


Paul
by pkcrafter
Wed Feb 22, 2017 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Churchill Management
Replies: 7
Views: 624

Re: Churchill Management

Milosax, how are they protecting the downside? By going to cash at the right time?

What is your asset allocation?

Do they have you in ETFs, funds, or individual stocks?

Can list your holdings?

Paul
by pkcrafter
Wed Feb 22, 2017 9:52 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads work BECAUSE its hard
Replies: 22
Views: 2443

Re: Bogleheads work BECAUSE its hard

So many posts either terrified of valuation or asking permission to ramp up equity exposure. Folks, being a boglehead is simple, but its REALLY REALLY hard. It is BECAUSE tuning out the noise and doing nothing is so hard that it is so effective. Stay the course. The first type of posts you mention ...
by pkcrafter
Wed Feb 22, 2017 8:08 pm
Forum: Investing - Theory, News & General
Topic: The 100 year flood and stock market statistics
Replies: 21
Views: 1815

Re: The 100 year flood and stock market statistics

... And before you correct me again :happy I will add that there is no clear evidence that Disraeli said it. But it does appear that Mark Twain (Samuel Langhorne Clemens) did say it. ... And that he attributed it to the good Prime Minister. And he never lied exaggerated. :happy Nonetheless, my poin...
by pkcrafter
Wed Feb 22, 2017 7:34 pm
Forum: Investing - Theory, News & General
Topic: The 100 year flood and stock market statistics
Replies: 21
Views: 1815

Re: The 100 year flood and stock market statistics

Questionable quotes from PM D'israeli and dubious assertions by Taleb aside, there are correct assumptions of normal distributions, and incorrect assumptions of normal distributions. That's all there is to see here. PJW Thanks, you are right about the quote. The term was popularized in United State...
by pkcrafter
Wed Feb 22, 2017 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: What are they trying to sell me here?
Replies: 27
Views: 2694

Re: What are they trying to sell me here?

They are also probably taking you to a place for the presentation where you cannot easily walk out. Are they offering transportation, or are you driving yourself?

Paul
by pkcrafter
Wed Feb 22, 2017 6:43 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads work BECAUSE its hard
Replies: 22
Views: 2443

Re: Bogleheads work BECAUSE its hard

It works because of the cost advantage. It doesn't work because of behavioral mistakes. Three simple words, "stay the course," but following those words is not easy.

Paul
by pkcrafter
Wed Feb 22, 2017 5:17 pm
Forum: Investing - Theory, News & General
Topic: The 100 year flood and stock market statistics
Replies: 21
Views: 1815

The 100 year flood and stock market statistics

The 100 year flood that isn't. I'm putting this post in theory because it's not so much about a flood as it is about statistics. San Jose, CA is dealing with a serious flood that reflects the results of a 100 year flood, but the conditions that lead to these results were not considered a 100 year fl...
by pkcrafter
Wed Feb 22, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: "High conviction investing"
Replies: 26
Views: 1338

Re: "High conviction investing"

Thanks Nisiprius, good bit of detective work. I noticed all four of the funds have an ER above 0.8% with Gabelli topping out at 1.42%. The Invesco fund has actually done quite well and has slightly outperformed the S&P500 over a 10 year period, but not over the last 3 years as you show. The Inve...
by pkcrafter
Tue Feb 21, 2017 9:57 pm
Forum: Investing - Theory, News & General
Topic: Extreme Valuations, and why you should reconsider
Replies: 170
Views: 9267

Re: Extreme Valuations, and why you should reconsider

Freyj6: Until very recently, I had about 15% VBR and 15% VOE allocation. Over the past month, I've slowly overbalanced completely out of VBR and into short term bonds, along with slight overbalancing out of other funds. Overall, I've reduced my stock allocation by about 20%. Overbalancing? That's di...
by pkcrafter
Tue Feb 21, 2017 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Just turned 30, want to make a lazy investment folio via Charles Schwab. Advice needed...
Replies: 4
Views: 574

Re: Just turned 30, want to make a lazy investment folio via Charles Schwab. Advice needed...

My suggestion would be one of Schwab's new target date index funds, which have a low expense ratio of 0.13% and a minimum purchase of $100. These are a good way to start because they have ETFs in U.S., International, Emerging Markets and Bonds. Decide on the asset allocation you want and then pick t...
by pkcrafter
Tue Feb 21, 2017 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: "High conviction investing"
Replies: 26
Views: 1338

Re: "High conviction investing"

I think Nisiprius has it right, but here's an explanation. I think it means managers with high conviction actually have faith in what they are buying and they hold on. The other 80% don't do anything except act like an index fund. Sounds like the high active share idea that didn't fly. This data sug...
by pkcrafter
Tue Feb 21, 2017 1:13 pm
Forum: Investing - Theory, News & General
Topic: Extreme Valuations, and why you should reconsider
Replies: 170
Views: 9267

Re: Extreme Valuations, and why you should reconsider

dcarste wrote: I do know it goes against almost all people here on their investment philosophy. I just don't want people who are close to or in retirement to get hurt and panic - just as I saw so many of my older friends get screwed in 2000 and 2008. It just seems so many people over-estimate their ...
by pkcrafter
Tue Feb 21, 2017 11:38 am
Forum: Investing - Theory, News & General
Topic: New Market Surveillance System
Replies: 3
Views: 484

Re: New Market Surveillance System

I guess one question I have is does this do anything for available information and market efficiency?

This explanation of the EMH by Aswath Damodaran is one of the best I've seen.

http://pages.stern.nyu.edu/~adamodar/Ne ... ffdefn.htm

Paul
by pkcrafter
Tue Feb 21, 2017 10:54 am
Forum: Investing - Theory, News & General
Topic: Investing biases and genetics
Replies: 2
Views: 221

Re: Investing biases and genetics

Larry, link goes to pg 2.

Thanks for posting the article. Anything on behavior is always interesting.

Paul
by pkcrafter
Mon Feb 20, 2017 1:00 pm
Forum: Investing - Theory, News & General
Topic: New Market Surveillance System
Replies: 3
Views: 484

New Market Surveillance System

Nov. 15, 2016 The Securities and Exchange Commission today voted to approve a national market system (NMS) plan to create a single, comprehensive database known as the consolidated audit trail (CAT) that will enable regulators to more efficiently and thoroughly track all trading activity in the U.S....
by pkcrafter
Mon Feb 20, 2017 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Lifestrategy VS IRA
Replies: 12
Views: 1050

Re: Vanguard Lifestrategy VS IRA

talibear, the Bogleheads strategy is pretty straight forward, but can seem overwhelming when first starting. Here are some references from you. Tax efficient fund placement. Link already provided by mhalley. Investment Policy Statement https://www.bogleheads.org/wiki/Investment_policy_statement 3/4 ...
by pkcrafter
Mon Feb 20, 2017 9:26 am
Forum: Investing - Theory, News & General
Topic: Flagship? [T. Rowe Price retirement funds]
Replies: 20
Views: 2168

Re: Flagship?

The use of the term, Flagship, by TRP had to be an intentional attempt to confuse or mislead customers as they were/are probably losing a lot of customers to Vanguard. I guess they will try anything except lowering fund expense ratios. Other than the references I've mentioned, I can't find any infor...
by pkcrafter
Sun Feb 19, 2017 11:41 pm
Forum: Investing - Theory, News & General
Topic: Flagship? [T. Rowe Price retirement funds]
Replies: 20
Views: 2168

Re: Flagship?

Another occurance, The fund is T. Rowe Price's flagship fund in the moderate allocation category. http://www.investopedia.com/articles/investing/031816/prwcx-overview-t-rowe-price-capital-appreciation-fund.asp I don't know if anything can be done, but I doubt Vanguard would be too happy with TRP usi...
by pkcrafter
Sun Feb 19, 2017 11:23 pm
Forum: Investing - Theory, News & General
Topic: Is a 4% plus CPI withdrawal rate actually aggressive?
Replies: 232
Views: 9817

Re: Is a 4% plus CPI withdrawal rate actually aggressive?

I already told you. When bond rates are low (due to lower rates), equities perform better. When bond rates go up (due to higher rates), equities tend to suffer. A balanced portfolio has both, and the historic record clearly shows that this is a good defensive mechanism for retirees. Believe what yo...
by pkcrafter
Sun Feb 19, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Is there any hope? [Portfolio help]
Replies: 4
Views: 1272

Re: Is there any hope?

Oh yeah, there's hope. :happy Greetings Kind People, Any suggestions / recommendations would be greatly appreciated. Rude comments about my investment selection processes will also be considered. >6 months Emergency Funds in USAA Savings Account 30 year mortgage at 4.25% ($235K) No other debt Marri...
by pkcrafter
Sun Feb 19, 2017 4:58 pm
Forum: Investing - Theory, News & General
Topic: Flagship? [T. Rowe Price retirement funds]
Replies: 20
Views: 2168

Flagship? [T. Rowe Price retirement funds]

Our flagship Retirement Funds are designed to provide you with an age-appropriate diversified portfolio that you can carry to and through retirement From Vanguard? No, from TRPrice! https://www3.troweprice.com/usis/personal-investing/mutual-funds/target-date-funds/retirement-date-funds.html?year=19...
by pkcrafter
Sat Feb 18, 2017 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Is Your Asset Allocation Reading Accurate?
Replies: 4
Views: 469

Re: Is Your Asset Allocation Reading Accurate?

Lots of funds are like you describe. Typically, a non-index stock fund will have some cash, and bond funds can hold cash as well. I look at this as the fund manager's money, not mine. It may be in cash and then not in cash. I basically ignore cash in a stock or bond fund and consider a bond fund as ...
by pkcrafter
Sat Feb 18, 2017 10:36 am
Forum: Investing - Theory, News & General
Topic: What's a good analogy for average returns?
Replies: 45
Views: 2694

Re: What's a good analogy for average returns?

There are average market returns and average investor returns, and they are quite different. I just finished a book by Spencer Jakab titled Heads I Win, Tails I Win, in which he talks about investors living in Lake Moneybegone, where all the women are wise, all the men are hard-working, and all the ...
by pkcrafter
Sat Feb 18, 2017 12:07 am
Forum: Personal Finance (Not Investing)
Topic: converting Vanguard Total Stock Fund to ETF
Replies: 18
Views: 1314

Re: converting Vanguard Total Stock Fund to ETF

How are multiple purchases handled when converting Vanguard Total Stock Fund Admiral to Vanguard Total Stock Fund ETF? Is each purchase converted separately or are they combined? I did try to find information on the Vanguard site about this but wasn't able to do so. I am curious as to why you want ...
by pkcrafter
Fri Feb 17, 2017 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: converting Vanguard Total Stock Fund to ETF
Replies: 18
Views: 1314

Re: converting Vanguard Total Stock Fund to ETF

Why convert from VTSAX to VTI - to move to another broker; simplify. Why combine lots - to minimize partial shares since I don't know what happens to them. I'm not sure I am going to do any of this but I want to know. You can simply transfer VTSAX to the broker you want without selling, and you can...
by pkcrafter
Fri Feb 17, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: converting Vanguard Total Stock Fund to ETF
Replies: 18
Views: 1314

Re: converting Vanguard Total Stock Fund to ETF

How are multiple purchases handled when converting Vanguard Total Stock Fund Admiral to Vanguard Total Stock Fund ETF? Is each purchase converted separately or are they combined? I did try to find information on the Vanguard site about this but wasn't able to do so. I am curious as to why you want ...
by pkcrafter
Fri Feb 17, 2017 8:00 pm
Forum: Investing - Theory, News & General
Topic: Just started a Roth IRA w/ Vanguard
Replies: 7
Views: 889

Re: Just started a Roth IRA w/ Vanguard

Looks pretty good, as long as you realize you are almost 50% in U.S. small. Market weight is about 10%. The small will give you lots of tracking error and periods when small does not perform as good as large. Small value is where most of the premium is. Take a look at this table https://www.fidelity...
by pkcrafter
Fri Feb 17, 2017 5:46 pm
Forum: Investing - Theory, News & General
Topic: How to increase risk and return incrementally in a portfolio?
Replies: 31
Views: 1582

Re: How to increase risk and return incrementally in a portfolio?

groovy9, 1) I tilted 8% of my portfolio to small cap value. So, I believe in small cap value premium. 2) But, OP does not understand that there will be periods where the premium will not show up. And, that is the point that I am trying to explain. KlangFool +1. And those periods can remain longer t...
by pkcrafter
Fri Feb 17, 2017 2:21 pm
Forum: Investing - Theory, News & General
Topic: Interesting study on impact of providing investors feedback
Replies: 37
Views: 1415

Re: Interesting study on impact of providing investors feedback

The only thing I got from what the authors said about attrition--it has been a factor in previous tests, i.e. participants stopped trading all together--was there was no appreciable attrition in their study and so it was not a factor. There also was no difference considering the four different repo...
by pkcrafter
Fri Feb 17, 2017 1:31 pm
Forum: Investing - Theory, News & General
Topic: Financial Advisors and their fund picks
Replies: 10
Views: 1007

Re: Financial Advisors and their fund picks

The reason they do it is to make it look like investing is complicated, and you need someone to help you with this thing that is basically rocket science and brain surgery combined. Also, since an active fund can often underperform its benchmark, by having you in more funds there is a better chance...
by pkcrafter
Fri Feb 17, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: Interesting study on impact of providing investors feedback
Replies: 37
Views: 1415

Re: Interesting study on impact of providing investors feedback

The only thing I got from what the authors said about attrition--it has been a factor in previous tests, i.e. participants stopped trading all together--was there was no appreciable attrition in their study and so it was not a factor. There also was no difference considering the four different repor...
by pkcrafter
Thu Feb 16, 2017 8:45 pm
Forum: Investing - Theory, News & General
Topic: Why is American funds returns too good to be true?
Replies: 45
Views: 5023

Re: Why is American funds returns too good to be true?

Here's a different perspective. American funds are on my list of good fund companies. Others are Vanguard, TRPrice, and Dodge and Cox. I'm sure there are others that would make my list too, but I haven't seen them yet. What makes these actively managed funds different is they all have a long term in...
by pkcrafter
Thu Feb 16, 2017 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: portfolio review, next steps
Replies: 3
Views: 281

Re: portfolio review, next steps

Are you both working for the same company? If so, it's a huge risk. A black swan event could conceivably wipe out the 30%, plus you could be out of a job and also lose 50% of other investments. You have a lot of undiversified risk. Maybe such an event is not probable, but not impossible either.

Paul
by pkcrafter
Thu Feb 16, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Please - Am I Doing This Right or Do I Need an Advisor Like All My Friends?
Replies: 20
Views: 2427

Re: Advice Please - Am I Doing This Right or Do I Need an Advisor Like All My Friends?

sourcebp, most average retail investors (us), also called the dumb money, are grossly naive about investing and they only get information from those trying to extract money from them. Here you are getting information form the not-so-dumb retail investors. Using an advisor for 1% plus average fund co...
by pkcrafter
Thu Feb 16, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on AA and projected FI
Replies: 12
Views: 700

Re: Thoughts on AA and projected FI

OK, that's good, and it does appear that you don't have the need for higher risk, but what happens if you use 7% for return? Using what the program describes as "below average risk" which is 7.0% return and 7.1% standard deviation, the portfolio is $2.286m. The AA there is 30/60/10 stock/...

Go to advanced search