Search found 98 matches

by simplesauce
Sun Nov 12, 2017 10:47 pm
Forum: Investing - Theory, News & General
Topic: My favorite bond portfolio
Replies: 19
Views: 2583

Re: My favorite bond portfolio

"Added complexity"? Most people can deal with two additional bond funds by setting aside about 15 minutes a year. I didn't say it was a lot of added complexity. :happy But on the flip side, how much more yield are you going to get for that extra 15 minutes? Again, it is not about yield for me. It i...
by simplesauce
Sun Nov 12, 2017 6:19 pm
Forum: Investing - Theory, News & General
Topic: “Flight to Quality:” the old way of thinking?
Replies: 16
Views: 1464

“Flight to Quality:” the old way of thinking?

Hi all. I was speaking with some people about the market today. I mentioned that I have plenty of money in US Treasuries, just in case of a market crash. I would expect a flight to safety, and an opportunity to rebalance into stocks. However, it was said that Flight to Quality is an old way of think...
by simplesauce
Sun Nov 12, 2017 10:07 am
Forum: Investing - Theory, News & General
Topic: My favorite bond portfolio
Replies: 19
Views: 2583

Re: My favorite bond portfolio

MnD wrote:
Sun Nov 12, 2017 9:21 am
50% TSP G fund
50% Dodge and Cox Global Bond Fund

Blended yield and effective duration:
2.92%, 1.75 years
I like the idea here, but I don’t invest in any fund that charges more than 0.10% or 0.20% ER.
by simplesauce
Sat Nov 11, 2017 8:19 pm
Forum: Investing - Theory, News & General
Topic: My favorite bond portfolio
Replies: 19
Views: 2583

Re: My favorite bond portfolio

...but i'm not sure how he is running his backtest starting in 1970 as he claims. tips didn't exist then... ...and I don't know of any short-term TIPS fund before 2009. Indeed, this article says: Pimco To Launch First Short-Term TIPS ETF August 24, 2009 Pimco is ready to launch the first short-term...
by simplesauce
Sat Nov 11, 2017 6:47 pm
Forum: Investing - Theory, News & General
Topic: My favorite bond portfolio
Replies: 19
Views: 2583

Re: My favorite bond portfolio

i like the emphasis on treasuries and tips. same approach as swensen. but i'm not sure how he is running his backtest starting in 1970 as he claims. tips didn't exist then. my own view is that it is hard to be too scientific about this. in certain periods like recently, long term treasuries have be...
by simplesauce
Sat Nov 11, 2017 3:27 pm
Forum: Investing - Theory, News & General
Topic: My favorite bond portfolio
Replies: 19
Views: 2583

My favorite bond portfolio

Reading Paul Merriman’s “Ultimate Buy and Hold Portfolio,” he makes a strong case for only using US Govt bonds. Furthermore, he makes the case to mix short and intermediate term bonds. This way, the bonds will do exactly what you need them to do in the event of a crisis. He suggests: 50% Intermediat...
by simplesauce
Fri Nov 10, 2017 11:55 pm
Forum: Investing - Theory, News & General
Topic: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 189
Views: 27430

Re: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT

LadyGeek wrote:
Fri Nov 10, 2017 11:16 pm
You must have missed this: Re: BOGLEHEADS 2017 VIDEOS

It's in the wiki: Bogleheads® 16 - Philadelphia
Thanks!
by simplesauce
Fri Nov 10, 2017 11:03 pm
Forum: Investing - Theory, News & General
Topic: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 189
Views: 27430

Re: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT

Mel Lindauer wrote:
Fri Nov 03, 2017 7:18 pm
simplesauce wrote:
Fri Nov 03, 2017 7:08 pm
Will the Bogle Q&A video from the last day be posted soon?
Yes. It should be available in the next few days.
Hi, any update?
by simplesauce
Thu Nov 09, 2017 9:21 am
Forum: Investing - Theory, News & General
Topic: TIPS at a young age?
Replies: 23
Views: 1078

Re: TIPS at a young age?

Thank you for the great replies. Can you also address the portion of the question about how appropriate this bond allocation is for a young person? Did David Swensen mean for this recommendation to be for all ages?
by simplesauce
Thu Nov 09, 2017 7:53 am
Forum: Investing - Theory, News & General
Topic: TIPS at a young age?
Replies: 23
Views: 1078

TIPS at a young age?

I am a big fan of David Swensen’s book Unconventional Success. In it, he describes his ideal bond portfolio being: 50% intermediate-term Treasuries (I use VGIT) 50% intermediate-term TIPS (I use VIPSX) For a younger person who has, say 25% of their portfolio in bonds, does this seem like an acceptab...
by simplesauce
Sun Nov 05, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: Have TIPS truly been tested yet?
Replies: 34
Views: 2632

Re: Have TIPS truly been tested yet?

Can somebody help me understand TIPS and taxes? I have always heard to not buy TIPS in a taxable account. However, buying a TIPS Fund in a taxable account seems perfectly fine. It is only when you buy individual TIPS that becomes an issue with taxes . Is this correct? It depends on what you're thin...
by simplesauce
Sun Nov 05, 2017 2:42 pm
Forum: Investing - Theory, News & General
Topic: Have TIPS truly been tested yet?
Replies: 34
Views: 2632

Re: Have TIPS truly been tested yet?

Can somebody help me understand TIPS and taxes? I have always heard to not buy TIPS in a taxable account.

However, buying a TIPS Fund in a taxable account seems perfectly fine. It is only when you buy individual TIPS that becomes an issue with taxes.

Is this correct?
by simplesauce
Fri Nov 03, 2017 9:23 pm
Forum: Investing - Theory, News & General
Topic: Have TIPS truly been tested yet?
Replies: 34
Views: 2632

Re: Have TIPS truly been tested yet?

There's a lot of FUD (fear, uncertainty, and doubt) spread about TIPS. "Have they been truly tested yet?" If you mean, "can we understand and predict market movements of TIPS," you can make a case that we don't. Not that we really can with anything else, but TIPS may be less liquid than nominal Tre...
by simplesauce
Fri Nov 03, 2017 7:08 pm
Forum: Investing - Theory, News & General
Topic: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 189
Views: 27430

Re: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT

Will the Bogle Q&A video from the last day be posted soon?
by simplesauce
Thu Nov 02, 2017 9:39 pm
Forum: Investing - Theory, News & General
Topic: Have TIPS truly been tested yet?
Replies: 34
Views: 2632

Have TIPS truly been tested yet?

TIPS (Treasury Inflation Protection Securities) are generally wonderful in my mind. I agree with Larry Swedroe. They are an amazing invention for investors to utilize because they protect you from Inflation, AND deflation. https://youtu.be/0OOi3XFNlA0 However, my concern is that they were only inven...
by simplesauce
Thu Nov 02, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Some investing help for my Grandmother
Replies: 7
Views: 825

Re: Some investing help for my Grandmother

The first thing to do would be to change the old funds to not automatically reinvest the dividends and capital gains distributions. After a year that will also help make all the gains long term. If any of the funds have losses she can sell them and then use those losses to offset some gains. As she...
by simplesauce
Wed Nov 01, 2017 9:04 pm
Forum: Investing - Theory, News & General
Topic: Would David Swensen's advice be different if he wrote his book in 2017?
Replies: 4
Views: 945

Would David Swensen's advice be different if he wrote his book in 2017?

I am a big fan of Unconventional Success. Great book. However, on the bond side, I would like to know if anyone thinks David Swensen's advice to hold 50% Treasuries and 50% TIPS would be different if he had written the book more recently? The interest rates when he gave this advice were quite higher...
by simplesauce
Wed Nov 01, 2017 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Some investing help for my Grandmother
Replies: 7
Views: 825

Re: Some investing help for my Grandmother

One option to consider: If your Grandmother is charitably-minded and/or regularly makes cash contributions to non-profit organizations, she could instead start gifting her highly-appreciated mutual fund shares to a donor-advised fund like Vanguard Charitable or Fidelity Charitable — and then design...
by simplesauce
Wed Nov 01, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Some investing help for my Grandmother
Replies: 7
Views: 825

Some investing help for my Grandmother

Hi all. My grandmother has been investing in index funds since the very beginning. She is the original Boglehead! I’ve been talking to her about her portfolio. And I explained to her that I have really bought into the simple 3-4 fund portfolio. Total US Stock Market fund, Total International Stock, ...
by simplesauce
Sat Oct 28, 2017 7:42 am
Forum: Investing - Theory, News & General
Topic: Cancer and Asset Allocation
Replies: 8
Views: 1184

Re: Cancer and Asset Allocation

My health status has changed. I may still have a decent life ahead, I am far more brittle than before. Where I used to have a high risk tolerance, I now worry about volatility. If I had a very limited time, such as a year or three, I may take half the portfolio and splurge. Exactly. And I think man...
by simplesauce
Fri Oct 27, 2017 10:39 pm
Forum: Investing - Theory, News & General
Topic: Cancer and Asset Allocation
Replies: 8
Views: 1184

Cancer and Asset Allocation

Hi all. I have read dozens of finance books. One of my favorite topics is asset allocation. However, I have rarely, if ever, read about how an asset allocation can change if one becomes ill. And life expectancy suddenly is cut in half or worse. I have a personal family member who has stage 4 cancer ...
by simplesauce
Fri Oct 27, 2017 12:30 am
Forum: Investing - Theory, News & General
Topic: 2017 Bogleheads Conference - John Bogle presentation
Replies: 10
Views: 1742

Re: 2017 Bogleheads Conference - John Bogle presentation

LadyGeek wrote:
Mon Oct 23, 2017 7:25 pm
Jack Bogle's presentation is now in the wiki. See: Bogleheads® 16 - Philadelphia

I have also updated the wiki with his latest 10-year forecast: Expected future returns
Very much anticipating a video of Jack’s Q&A on the 20th.
by simplesauce
Sat Oct 21, 2017 2:26 pm
Forum: Investing - Theory, News & General
Topic: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 189
Views: 27430

Re: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT

The conference was great!! It was a pleasure to be there. Will the videos be posted soon?
by simplesauce
Mon Oct 09, 2017 6:13 pm
Forum: Investing - Theory, News & General
Topic: Life-insurance for young couple. Advice?
Replies: 23
Views: 1874

Life-insurance for young couple. Advice?

Hi all. I have consulted a few different life insurance companies. And all have a different approach we should take. We are in our 30's.

What is the best solution for life insurance for young adults? We only want to pay a few dollars a month for each of us. Thank you.
by simplesauce
Sat Oct 07, 2017 1:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 7255

Re: Vanguard's long-term outlook for TIPS

I got the impression from talking with a Vanguard Personal advisory rep awhile back that they are suggesting more corporate, intermediate, and total bond funds in an allocation appropriate for you and not to include TIPS, but to let your stock portfolio be the inflation hedge. Right. Are TIPS no lo...
by simplesauce
Sat Oct 07, 2017 12:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 7255

Vanguard's long-term outlook for TIPS

I have half of my bond holdings in TIPS (as suggested by David Swensen.) However, I have read many articles questioning the usefulness and capabilities of TIPS. And I have been concerned about having such a large stake in my portfolio. Furthermore, Vanguard just sent out an email that concludes: "Wh...
by simplesauce
Thu Aug 17, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)
Replies: 56
Views: 6075

Changes coming for 3 Vanguard Bond Index funds

[merged this topic and its reply into the existing thread - moderator prudent]

Can someone explain to me what the potential impact might be?

http://www.vanguard.com/pdf/contltr.pdf
by simplesauce
Tue Aug 15, 2017 6:51 am
Forum: Investing - Theory, News & General
Topic: REITs a disappointment, yet still useful
Replies: 20
Views: 3250

REITs a disappointment, yet still useful

I would like to make sure I understand this correctly. Many portfolio architects say that a small extra stake in REITs can improve diversity for a portfolio. So when I read the columns saying that REITs are no longer useful because of low expected future returns...that seems to be the wrong focus. T...
by simplesauce
Sun Jul 16, 2017 9:09 am
Forum: Investing - Theory, News & General
Topic: Is the Total US Stock Market too concentrated?
Replies: 51
Views: 4372

Re: Is the Total US Stock Market too concentrated?

Go with Vanguard Total World Index. Simplicity and diversification all in one. I don't have to think about sectors at all. It's all there. OR Go with a Life Strategy or Target Date Fund. Yes, but I prefer to overweight the US stocks for many reasons brought forth by Jack Bogle. I just wanted to kno...
by simplesauce
Sat Jul 15, 2017 10:48 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel's Not so random walk
Replies: 17
Views: 2897

Re: Burton Malkiel's Not so random walk

Burton Malkiel spent 28 years at Vanguard; I'm not sure when he left, anybody know? Vanguard was founded in 1975, if he was there from the very beginning, 1975 + 28 = 2003. A Random Walk Down Wall Street once was my investing Bible, but I've gotten somewhat disillusioned; I started to get queasy wh...
by simplesauce
Sat Jul 15, 2017 10:45 pm
Forum: Investing - Theory, News & General
Topic: Is the Total US Stock Market too concentrated?
Replies: 51
Views: 4372

Is the Total US Stock Market too concentrated?

I've been learning more about how in the past 20 years, the US stock market has diminished in regards to the amount of publicly traded companies. This might leave an investor who invests in 100% US stocks exposed to certain sectors and not adequately diversified. Has John Bogle commented on this phe...
by simplesauce
Wed Jul 12, 2017 1:09 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel's Not so random walk
Replies: 17
Views: 2897

Burton Malkiel's Not so random walk

http://www.barrons.com/articles/not-so- ... 1499877742

Seems he's backing a new ETF that tracks a small portion of the market. Expense ratio is over 0.60%. What is going on with this indexing legend?? I loved his original book!
by simplesauce
Sun Jul 02, 2017 7:46 am
Forum: Investing - Theory, News & General
Topic: Does Vanguard gain anything from us investing more internationally?
Replies: 28
Views: 2683

Re: Does Vanguard gain anything from us investing more internationally?

I am just curious; does Vanguard gain anything from having their investors put more money overseas? I see them promoting international stocks and international bonds more and more. Not looking to be skeptical. I just know that the US/International allocation debate is still widely debated. Anyway, ...
by simplesauce
Sat Jul 01, 2017 10:58 pm
Forum: Investing - Theory, News & General
Topic: Does Vanguard gain anything from us investing more internationally?
Replies: 28
Views: 2683

Re: Does Vanguard gain anything from us investing more internationally?

I am just curious; does Vanguard gain anything from having their investors put more money overseas? I see them promoting international stocks and international bonds more and more. Not looking to be skeptical. I just know that the US/International allocation debate is still widely debated. Anyway, ...
by simplesauce
Sat Jul 01, 2017 4:12 pm
Forum: Investing - Theory, News & General
Topic: Does Vanguard gain anything from us investing more internationally?
Replies: 28
Views: 2683

Does Vanguard gain anything from us investing more internationally?

I am just curious; does Vanguard gain anything from having their investors put more money overseas? I see them promoting international stocks and international bonds more and more. Not looking to be skeptical. I just know that the US/International allocation debate is still widely debated. Anyway, f...
by simplesauce
Thu Jun 29, 2017 9:17 pm
Forum: Investing - Theory, News & General
Topic: International Stocks - New thoughts
Replies: 83
Views: 6990

Re: International Stocks - New thoughts

India might be a better bet than China but India has its own set of problems. My guess is that China and India will be very important countries in the future and both will see growing middle class populations. Whatever their problems, they will muddle through. Again, I am not predicting the apocaly...
by simplesauce
Wed Jun 28, 2017 9:45 pm
Forum: Investing - Theory, News & General
Topic: Does Jack Bogle have a conundrum on his hands?
Replies: 63
Views: 4866

Re: Does Jack Bogle have a conflict of interest?

I'm not one of those that thinks Jack Bogle is infallible. But I just lost any respect I had for Merriman. The S&P 500 is an entirely different product. Merriman's suggestion does not deserve a response. And his refusal to release the interview is telling. If the OP's representations are true, Merr...
by simplesauce
Wed Jun 28, 2017 9:10 pm
Forum: Investing - Theory, News & General
Topic: Does Jack Bogle have a conundrum on his hands?
Replies: 63
Views: 4866

Re: Does Jack Bogle have a conflict of interest?

Thanks for the replies! Great comments. As for the title of this post, when you listen to the podcast, it is clear that Paul Merriman is making the point that because of Jack's affiliation with Vanguard, he may not be able to give investors the true advice he believes in. "Even if Jack Bogle agreed ...
by simplesauce
Wed Jun 28, 2017 7:22 pm
Forum: Investing - Theory, News & General
Topic: Got a Question for the Experts Panel at the Bogleheads Conference?
Replies: 37
Views: 10150

Re: Got a Question for the Experts Panel at the Bogleheads Conference?

A question for Jonathan Clements. Where do you stand on the "no international" vs "some international" vs "half international" debate on portfolio construction for a US investor? Should we avoid unnecessary risks like currency risk, political risk, investor protections overseas, etc.
by simplesauce
Wed Jun 28, 2017 7:19 pm
Forum: Investing - Theory, News & General
Topic: Does Jack Bogle have a conundrum on his hands?
Replies: 63
Views: 4866

Does Jack Bogle have a conundrum on his hands?

(Post title edited from "conflict of interest" to "conundrum") Would love reactions to this. I was listening to Paul Merriman's new podcast episode, where he discusses his recent June 2017 in-person interview with Jack Bogle. He didn't release the recording for us, but he summarized it for his liste...
by simplesauce
Tue Jun 27, 2017 6:34 pm
Forum: Investing - Theory, News & General
Topic: VXUS vs VWO + VEA [Number of Holdings]
Replies: 7
Views: 1352

Re: VXUS vs VWO + VEA [Number of Holdings]

It is not even a matter of number of holdings; the index coverage is different. VWO holds Chinese A-shares while VXUS does not. Right. So why own VXUS when it's not fully representative? Is the only reason for simplicity? Some people actively dislike China A shares. Other people (such as myself) co...
by simplesauce
Mon Jun 26, 2017 10:44 pm
Forum: Investing - Theory, News & General
Topic: VXUS vs VWO + VEA [Number of Holdings]
Replies: 7
Views: 1352

Re: VXUS vs VWO + VEA [Number of Holdings]

triceratop wrote:It is not even a matter of number of holdings; the index coverage is different. VWO holds Chinese A-shares while VXUS does not.
Right. So why own VXUS when it's not fully representative? Is the only reason for simplicity?
by simplesauce
Mon Jun 26, 2017 10:42 pm
Forum: Investing - Theory, News & General
Topic: VGK, VPL, VWO, & VSS vs VXUS?
Replies: 11
Views: 1668

Re: VGK, VPL, VWO, & VSS vs VXUS?

Is the any reason to overweight any of these segments in your portfolio--i.e. because you think one or the other will provide above market returns? If not, then VXUS is almost certainly the answer. I had thought his reason was to reduce correlation, which I had bought into. I enjoyed the book, but ...
by simplesauce
Mon Jun 26, 2017 8:39 am
Forum: Investing - Theory, News & General
Topic: Is VXUS better than VEA/VWO?
Replies: 3
Views: 674

Is VXUS better than VEA/VWO?

I'm playing with the idea of simplifying down to one fund instead of two, for my international holdings. However, I noticed that VXUS (Total International Stock ETF) includes only 6,166 stocks , as compared to holding both VEA and VWO (Developed/Emerging Markets ETFs) which would give you a combined...
by simplesauce
Sun Jun 25, 2017 8:04 am
Forum: Investing - Theory, News & General
Topic: International Stocks - New thoughts
Replies: 83
Views: 6990

Re: International Stocks - New thoughts

Here's what Schwab says after looking at data since 1969: http://www.schwab.com/public/schwab/nn/articles/Three-Reasons-Why-Now-is-Not-the-Time-to-Retreat-from-Global-Diversification?cmp=em-RBL That is a whole bunch of speculation and doesn't discuss the risks, currency, etc. That's my problem. Now...
by simplesauce
Sun Jun 25, 2017 7:31 am
Forum: Investing - Theory, News & General
Topic: International Stocks - New thoughts
Replies: 83
Views: 6990

International Stocks - New thoughts

I've posted here over the last few days, wrestling with how much international stock one should own. (I know; it may not truly matter all that much!) So I decided to re-read 2 books that inspired my portfolio originally. John Bogle's "Common Sense On Mutual Funds" and David Swensen's "Unconventional...
by simplesauce
Sat Jun 24, 2017 5:01 pm
Forum: Investing - Theory, News & General
Topic: Explaining a Bogle quote
Replies: 18
Views: 1347

Re: International stock -- A suggestion

simplesauce: This post may be helpful: How Much International Stock? A Suggestion Best wishes. Taylor Do you still adhere to the 20% international rule of thumb? Do you see any scenarios where you would increase this, as Vanguard and others have continued to do? Also, what are your thoughts on how ...
by simplesauce
Sat Jun 24, 2017 2:55 pm
Forum: Investing - Theory, News & General
Topic: Explaining a Bogle quote
Replies: 18
Views: 1347

Explaining a Bogle quote

Please explain if Bogle has a valid point here, and if it should give us pause about investing internationally: "And we (the U.S.) also have shareholder protections that can be taken for granted. Outside of the U.S., you can be very disappointed. I think it was in Malaysia a few years ago--you could...
by simplesauce
Sat Jun 24, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: Anything wrong with 100% US Stocks?
Replies: 35
Views: 3026

Re: Anything wrong with 100% US Stocks?

This is the Bogle quote that makes me hesitant: "And we also have shareholder protections that can be taken for granted. Outside of the U.S., you can be very disappointed. I think it was in Malaysia a few years ago--you couldn't get your money out. Korea is a bit fragile in that regard. Heaven know...
by simplesauce
Sat Jun 24, 2017 2:00 pm
Forum: Investing - Theory, News & General
Topic: Anything wrong with 100% US Stocks?
Replies: 35
Views: 3026

Re: Anything wrong with 100% US Stocks?

This is the Bogle quote that makes me hesitant: "And we also have shareholder protections that can be taken for granted. Outside of the U.S., you can be very disappointed. I think it was in Malaysia a few years ago--you couldn't get your money out. Korea is a bit fragile in that regard. Heaven knows...