Search found 289 matches

by tarheel
Sat Apr 22, 2017 5:57 am
Forum: Investing - Theory, News & General
Topic: What's Wrong With AQR? (Managed Futures)
Replies: 66
Views: 5311

Re: What's Wrong With AQR? (Managed Futures)

Random Walker - Good questions. 1. I also thought in general it was because of the investability of the futures contracts. But keep in mind that there are other types of TS Momentum funds - I look at Managed Futures as one approach of many. Other TS Momentum finds may indeed buy investments themselv...
by tarheel
Fri Apr 21, 2017 5:35 am
Forum: Investing - Help with Personal Investments
Topic: Differential aggressiveness for ROTH vs 401K
Replies: 31
Views: 2447

Re: Differential aggressiveness for ROTH vs 401K

Don't lose sleep over it.

Ideally, assets with larger expected return in Roth - in my Roth I only have small-cap international.

But I don't overthink it.
by tarheel
Thu Apr 20, 2017 4:59 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 36634

Re: Larry Swedroe says "Goodby."

Your true fans know that you are a 100% class act Larry. You're on my Mount Rushmore of investing gurus and your advice has simply been invaluable to me and my family. Your ability to take complicated topics and distill them down to the essentials for the average investor is simply unmatched. I will...
by tarheel
Wed Apr 19, 2017 1:25 pm
Forum: Investing - Theory, News & General
Topic: What's Wrong With AQR? (Managed Futures)
Replies: 66
Views: 5311

Re: What's Wrong With AQR? (Managed Futures)

From the article: "In the end, we don’t believe there’s anything wrong with AQR’s managed futures offering. It’s doing what it was designed to do, keeping its powder dry and suffering consistent losses in exchange for future outlier-type gains." People investing in these strategies need t...
by tarheel
Wed Apr 19, 2017 5:33 am
Forum: Investing - Theory, News & General
Topic: What's Wrong With AQR? (Managed Futures)
Replies: 66
Views: 5311

Re: What's Wrong With AQR? (Managed Futures)

From the article: "In the end, we don’t believe there’s anything wrong with AQR’s managed futures offering. It’s doing what it was designed to do, keeping its powder dry and suffering consistent losses in exchange for future outlier-type gains." People investing in these strategies need to...
by tarheel
Sat Mar 11, 2017 6:00 am
Forum: Investing - Help with Personal Investments
Topic: AQR in 401k
Replies: 4
Views: 376

Re: AQR in 401k

There are many of us who invest heavily with AQR. It all comes down to whether you understand the value they provide.
by tarheel
Fri Feb 17, 2017 6:21 am
Forum: Investing - Help with Personal Investments
Topic: 529 Asset Allocation - is this valid thinking?
Replies: 54
Views: 2583

Re: 529 Asset Allocation - is this valid thinking?

We follow Robert T's suggested allocation model.....it's on one of his "sticky" posts......It goes 100% stocks from 1-3 yo and then moves into bonds little by little until college hits. 529 investing is in a weird medium term time frame - I think this fast glide path approach is one that m...
by tarheel
Mon Feb 13, 2017 6:05 am
Forum: Investing - Theory, News & General
Topic: AQR Relaxed Constraint Funds Available at Fidelity
Replies: 8
Views: 1297

Re: AQR Relaxed Constraint Funds Available at Fidelity

Very helpful Larry....what do you think about substituting the Relaxed Constraint funds for the long-only multifactor indexes? Are you suggesting that to any of your clients? Or are you waiting a while for some more real-time results and data on factor loadings?
by tarheel
Mon Feb 13, 2017 5:50 am
Forum: Personal Finance (Not Investing)
Topic: paying points for refinancing a mortgage and tax implications
Replies: 5
Views: 527

Re: paying points for refinancing a mortgage and tax implications

Strange. I had my points listed on my refi and I deducted them - a pretty big tax savings. Don't know what's going on with your situation......
by tarheel
Sat Feb 11, 2017 5:45 am
Forum: Investing - Theory, News & General
Topic: AQR Relaxed Constraint Funds Available at Fidelity
Replies: 8
Views: 1297

Re: AQR Relaxed Constraint Funds Available at Fidelity

Previous discussion: https://www.bogleheads.org/forum/viewtopic.php?t=200767 At those ERs I would give a pass until more info is available (and if it is encouraging, suggests a significant benefit over the long-only multifactor funds, explains the performance of their own multifactor funds since in...
by tarheel
Wed Feb 08, 2017 6:39 am
Forum: Investing - Theory, News & General
Topic: AQR Relaxed Constraint Funds Available at Fidelity
Replies: 8
Views: 1297

AQR Relaxed Constraint Funds Available at Fidelity

It appears that the AQR relaxed constraint multi-style funds are now available at Fidelity for all us factor geeks. Now that they are available, are any AQR-heads thinking about making the switch over from the standard multi-style funds? It would take a lot of buying and selling on my part since I o...
by tarheel
Tue Jan 31, 2017 6:07 am
Forum: Investing - Theory, News & General
Topic: 4-Factor Regression of an AQR fund
Replies: 4
Views: 809

Re: 4-Factor Regression of an AQR fund

I generally use FF Research Factors, 4-factor model (to get momentum loading). I figure those should be just fine. Why they are better or worse than the others, no idea.
by tarheel
Mon Jan 30, 2017 6:27 am
Forum: Investing - Theory, News & General
Topic: 4-Factor Regression of an AQR fund
Replies: 4
Views: 809

Re: 4-Factor Regression of an AQR fund

portfoliovisualizer.com

Remember that it is much harder to get int'l factor data correct. US is pretty easy.
by tarheel
Mon Jan 30, 2017 6:18 am
Forum: Investing - Help with Personal Investments
Topic: Do I use Effective or Marginal Tax Rate to Decide on tIRA vs Roth?
Replies: 26
Views: 2049

Re: Do I use Effective or Marginal Tax Rate to Decide on tIRA vs Roth?

Sophia, You're in the grey zone (25% marginal). If I were you, since there are no clear crystal balls, I would be tax diversifying by doing a little of both. It seems that you understand that based on your post. FWIW, I am 15% marginal, and I go 2:1 traditional:Roth across all of our investment acco...
by tarheel
Fri Jan 27, 2017 7:03 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1182
Views: 168340

Re: QSPIX - thoughts on interesting fund

Hope this is helpful Having sat in on the quarterly call on QSPRX, I thought a short summary might be helpful. Keep in mind the fund has many positions. Basically the fund had a small loss because MOM was -11%, offsetting the large gain from value which was +8%, Carry was positive I think about 3% ...
by tarheel
Fri Jan 27, 2017 6:52 am
Forum: Investing - Help with Personal Investments
Topic: How much would you pay for trend following portfolio?
Replies: 4
Views: 478

Re: How much would you pay for trend following portfolio?

See the threads on QMHIX. A number of us have moderate allocations to it.
by tarheel
Thu Jan 26, 2017 5:19 am
Forum: Personal Consumer Issues
Topic: Best Places to Live in US?
Replies: 123
Views: 11789

Re: Best Places to Live in US?

I would choose a college town of a top private or flagship state school. Sports, arts, often hospitals, good food, often public transit to nearby cities and airports. Just don't live near student housing! Chapel Hill, NC or just north in Hillsborough. You get all the benefits of a major university ...
by tarheel
Wed Jan 25, 2017 6:46 am
Forum: Personal Consumer Issues
Topic: Visiting Princeton/Philadelphia, where to stay
Replies: 24
Views: 1513

Re: Visiting Princeton/Philadelphia, where to stay

Depends what you want. If you want the Princeton small town experience stay at the Nassau Inn. It's not cheap, but worth it. I bet Philly hotels are a bit pricey, and, well, it's Philly.
by tarheel
Tue Jan 24, 2017 6:12 am
Forum: Investing - Theory, News & General
Topic: Why is Slicing/Dicing not Working?
Replies: 37
Views: 3852

Re: Why is Slicing/Dicing not Working?

Chill out. Your portfolio is basically a less tilted version of mine. You are right that Int'l has hurt and lately REITs have pulled back a bit too. If you are truly diversified you will always feel like you are underperforming because someone is less diversified and outperforming you. It just happe...
by tarheel
Fri Jan 20, 2017 6:31 am
Forum: Investing - Theory, News & General
Topic: "The Year in Alternative Funds: A Bumpy Road With Some Bright Spots"
Replies: 21
Views: 2414

Re: "The Year in Alternative Funds: A Bumpy Road With Some Bright Spots"

Hey, wait a minute I invest in AQR HV Managed Futures and it was down like -12% not -2%..... I'm thinking about adding more. On the bright side, QMHIX's correlation to other assets has decreased......because it went down while everything else went up or stayed flat. 8-) Gosh, it's hard for me not t...
by tarheel
Fri Jan 20, 2017 5:56 am
Forum: Investing - Theory, News & General
Topic: Comparing EM value options [Emerging Market]
Replies: 35
Views: 3222

Re: Comparing EM value options [Emerging Market]

What about multistyle AQR fund QEELX?

Many of us factor nerds love that one.
by tarheel
Fri Jan 20, 2017 5:52 am
Forum: Investing - Help with Personal Investments
Topic: AQR's 2 managed futures funds
Replies: 3
Views: 587

Re: AQR's 2 managed futures funds

My take on these alternatives is since one's allocation is almost always relatively low, higher concentration is better because you get more diversification per percentage of portfolio. I am very stingy about my allocation percentages. I am 7.5% QMHIX and 7.5% QSPIX for the long haul. I did also not...
by tarheel
Wed Jan 18, 2017 6:05 am
Forum: Investing - Theory, News & General
Topic: "The Year in Alternative Funds: A Bumpy Road With Some Bright Spots"
Replies: 21
Views: 2414

Re: "The Year in Alternative Funds: A Bumpy Road With Some Bright Spots"

Hey, wait a minute I invest in AQR HV Managed Futures and it was down like -12% not -2%.....

I'm thinking about adding more.
by tarheel
Wed Jan 18, 2017 6:02 am
Forum: Investing - Theory, News & General
Topic: Deciding on types of bonds is harder than stocks!
Replies: 20
Views: 2659

Re: Deciding on types of bonds is harder than stocks!

Larry says TBM has too much corporates.
Bogle says TBM has too much treasuries.
I say it's close enough.
by tarheel
Tue Jan 17, 2017 5:58 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1182
Views: 168340

Re: QSPIX - thoughts on interesting fund

C'mon grap, if you want to decrease drawdowns you need some QMHIX! Come over to the dark side...... :twisted: Well I don't have much time to decide. I'm 15 basis points away from my lower rebalancing band of QSPIX. I'd have to either add 5% QSPIX to get back to 20% or now would be as good as time a...
by tarheel
Sun Jan 15, 2017 6:19 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1182
Views: 168340

Re: QSPIX - thoughts on interesting fund

Lieutenant.Columbo, Actually I've increased my QSPIX allocation to 9% of total portfolio. The market has done so well over last 7-8 years that I really have felt the need to take some risk off the table, but I think I have a bit of a gambling personality. Or perhaps I'm just an asset class junkie. ...
by tarheel
Sun Jan 15, 2017 6:05 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1182
Views: 168340

Re: QSPIX - thoughts on interesting fund

Keep in mind that this fund has NO correlation with stocks, not negative. That means there will be times when stocks do poorly and the fund doesn't do so well. Very hard to find negatively correlating assets. Larry Agreed. I have seen 3 separate periods with this fund so far. Equities up double dig...
by tarheel
Thu Jan 12, 2017 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 17643

Re: Best Financial Moves You've Made

Initial 30 year mortgage in 2009 at 5.25%, refi in 2011 or so at 4.25%, lower monthly payment by ~$200.

Refi a couple of months ago to go from 4.25% to 3.25% and lower monthly payment by ~$300. :)
by tarheel
Mon Jan 09, 2017 6:10 am
Forum: Personal Consumer Issues
Topic: The funk - gym clothes
Replies: 46
Views: 4254

Re: The funk - gym clothes

Extra hot wash with oxyclean should do the trick.
by tarheel
Fri Jan 06, 2017 6:00 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1332
Views: 225006

Re: What are you up YTD? [Year To Date]

2016: 17%+ I had to suffer some minor SCV tracking error and some major EM value tracking error to earn it. EM value has sucked relative to EM and it really has sucked compared to basically everything else for a while. SFENX +31.89% in 2016 while VWO +11.55%. Tracking error works both ways. :wink: ...
by tarheel
Fri Dec 30, 2016 8:20 am
Forum: Investing - Theory, News & General
Topic: Bond Allocation if you don't care about Volatility
Replies: 26
Views: 1614

Re: Bond Allocation if you don't care about Volatility

Here we go again with the >100% equity posts. Bear market on the way. I hope so! Because if we are 100%+ in equities that means we have a very very long horizon. So nothing would be better than a bear market, buy stocks on sale! If one does use margin one should definitely understand the risks of m...
by tarheel
Fri Dec 30, 2016 7:11 am
Forum: Investing - Theory, News & General
Topic: Bond Allocation if you don't care about Volatility
Replies: 26
Views: 1614

Re: Bond Allocation if you don't care about Volatility

Here we go again with the >100% equity posts.

Bear market on the way.
by tarheel
Thu Dec 22, 2016 7:23 am
Forum: Investing - Theory, News & General
Topic: sorting through the factor zoo, which factors deliver
Replies: 4
Views: 693

Re: sorting through the factor zoo, which factors deliver

Not used to seeing studies that say the momentum factor delivers no return, net net. Did they do something wrong Larry? That's a pretty big difference from most writing which says it's the highest returning factor (over the long term).
by tarheel
Wed Dec 21, 2016 9:33 am
Forum: Investing - Theory, News & General
Topic: 100% Stocks, Huh? May I Suggest You Read This Thread
Replies: 55
Views: 7604

Re: 100% Stocks, Huh? May I Suggest You Read This Thread

Diverging from worldwide market cap weighting by overweighting US equities is called home country bias. Agreed, it worked well over the period 1982-2016. Especially given current valuations, unlikely to outperform like that in the future. It is not a good investment philosophy. Plenty of threads on ...
by tarheel
Wed Dec 21, 2016 5:58 am
Forum: Investing - Theory, News & General
Topic: The Argument for More Stocks in Retirement
Replies: 166
Views: 13593

Re: The Argument for More Stocks in Retirement

itstoomuch wrote:nedsaid,
From how older bro tells it. "2008, was worse than what was let on."


Go on to Youtube and watch the CNBC clips from the market lows. I do it every once in a while.

Then talk about increasing stock allocation in retirement.
by tarheel
Wed Dec 21, 2016 5:54 am
Forum: Investing - Theory, News & General
Topic: AQR Relaxed Constraint Equity Funds
Replies: 26
Views: 2617

Re: AQR Relaxed Constraint Equity Funds

Gonna be interesting to see how they perform versus the multi-style. Looks like they've been live for one day - so let's look at the head-to-head! :P https://funds.aqr.com/daily-prices The domestic multi-style beat the relaxed constraint, but it was the opposite abroad. For now, I'm going to stick w...
by tarheel
Tue Dec 20, 2016 6:19 am
Forum: Investing - Theory, News & General
Topic: 100% Stocks, Huh? May I Suggest You Read This Thread
Replies: 55
Views: 7604

Re: 100% Stocks, Huh? May I Suggest You Read This Thread

Some of you are overthinking it. I am not trying to tell anyone what to invest in. Sure you are, no need to be coy about it. For example, my 1 year old's 529 is 100% equities for the next 2 years :P There are specific cases when that's the right thing to do. But how well does your 1 year old sleep ...
by tarheel
Tue Dec 20, 2016 6:18 am
Forum: Investing - Theory, News & General
Topic: 100% Stocks, Huh? May I Suggest You Read This Thread
Replies: 55
Views: 7604

Re: 100% Stocks, Huh? May I Suggest You Read This Thread

I took it back 6 years prior to make it an even 40 year period and did only US stocks as opposed to a 50/50 domestic/international split. 100/0 beat 80/20 by an entire million and beat the 60/40 by almost 2 million. Back-testing gets pretty useless once you get too detailed IMO. Anyone can back-tes...
by tarheel
Mon Dec 19, 2016 6:06 am
Forum: Investing - Theory, News & General
Topic: 100% Stocks, Huh? May I Suggest You Read This Thread
Replies: 55
Views: 7604

Re: 100% Stocks, Huh? May I Suggest You Read This Thread

I'm glad some of you are enjoying the post. Some of you are overthinking it. I am not trying to tell anyone what to invest in. For example, my 1 year old's 529 is 100% equities for the next 2 years :P There are specific cases when that's the right thing to do. All I am saying is that in this particu...
by tarheel
Sun Dec 18, 2016 3:44 pm
Forum: Investing - Theory, News & General
Topic: 100% Stocks, Huh? May I Suggest You Read This Thread
Replies: 55
Views: 7604

Re: 100% Stocks, Huh? May I Suggest You Read This Thread

whodidntante wrote:Cool. Now what should I hold for the next 34 years?


The appropriate mix of stocks, bonds, and alternatives that matches your need, ability, and willingness to take risk.

For me, that looks like a heavily tilted 80/20 portfolio, but that portfolio is only right for me.....
by tarheel
Sun Dec 18, 2016 3:42 pm
Forum: Investing - Theory, News & General
Topic: 100% Stocks, Huh? May I Suggest You Read This Thread
Replies: 55
Views: 7604

Re: 100% Stocks, Huh? May I Suggest You Read This Thread

My take away from this experiment was that 1982 was the best year in the history of the US to buy into stocks, so it should come as no surprise that back testing shows US stocks to be the clear winners. For that matter 1982 was the best year in history to buy into US bonds as well. In summary the e...
by tarheel
Sun Dec 18, 2016 3:41 pm
Forum: Investing - Theory, News & General
Topic: 100% Stocks, Huh? May I Suggest You Read This Thread
Replies: 55
Views: 7604

Re: 100% Stocks, Huh? May I Suggest You Read This Thread

My take away from this experiment was that 1982 was the best year in the history of the US to buy into stocks, so it should come as no surprise that back testing shows US stocks to be the clear winners. For that matter 1982 was the best year in history to buy into US bonds as well. In summary the e...
by tarheel
Sun Dec 18, 2016 10:07 am
Forum: Investing - Theory, News & General
Topic: 100% Stocks, Huh? May I Suggest You Read This Thread
Replies: 55
Views: 7604

Re: 100% Stocks, Huh? May I Suggest You Read This Thread

Packer, I'm well aware of the bond bull market over the past few decades. And I'm also aware that US has outperformed equity-wise. Of course, you would have a cloudy crystal ball predicting either in 1982. The only point I'm trying to make is that the widely held view that equities are virtually cer...
by tarheel
Sun Dec 18, 2016 8:32 am
Forum: Investing - Theory, News & General
Topic: 100% Stocks, Huh? May I Suggest You Read This Thread
Replies: 55
Views: 7604

Re: 100% Stocks, Huh? May I Suggest You Read This Thread

Here were my answers before I looked: 1. The all stock portfolio would do a fair bit better than the 80/20 (although not a huge gap), and a good deal better than 60/40. 2. The 60/40 portfolio would be the most efficient, with the best Sharpe ratio. 3. The 60/40 investor would have the fewest sleeple...
by tarheel
Sun Dec 18, 2016 8:28 am
Forum: Investing - Theory, News & General
Topic: 100% Stocks, Huh? May I Suggest You Read This Thread
Replies: 55
Views: 7604

100% Stocks, Huh? May I Suggest You Read This Thread

I would recommend that anyone considering investing 100% in equities (0% bonds) perform this very quick thought experiment. I think it's well worth it. The time period we will consider is 1982-2016 (longest period that portfoliovisualizer has data for Int'l Stock Market). My first question is, do yo...
by tarheel
Sun Dec 18, 2016 7:29 am
Forum: Investing - Theory, News & General
Topic: Swedroe: "OK to sin...but sin only a little"
Replies: 51
Views: 6823

Re: Swedroe: "OK to sin...but sin only a little"

Came across this article by Larry Swedroe. He talks about overweighting areas of the market, but not to push it. I'm curious about his comments on international investing. He said one should not exceed 60% of their equity portfolio in international. He also said one should not exceed 25% of their e...
by tarheel
Fri Dec 16, 2016 7:23 am
Forum: Investing - Theory, News & General
Topic: Ellis: "Under 40 years old - 100% in Stocks"
Replies: 54
Views: 6117

Re: Ellis: "Under 40 years old - 100% in Stocks"

I wonder if he'd say the same around 2009-2010.

I understand the rationale behind this, but IMO telling anyone but a very, very few to be 100% stocks at any point is just an awful idea.

Warren Buffett believes in 10% bonds for crying out loud.
by tarheel
Thu Dec 15, 2016 5:08 am
Forum: Investing - Theory, News & General
Topic: Swedroe: "OK to sin...but sin only a little"
Replies: 51
Views: 6823

Re: Swedroe: "OK to sin...but sin only a little"

Came across this article by Larry Swedroe. He talks about overweighting areas of the market, but not to push it. I'm curious about his comments on international investing. He said one should not exceed 60% of their equity portfolio in international. He also said one should not exceed 25% of their e...
by tarheel
Thu Dec 15, 2016 5:07 am
Forum: Investing - Theory, News & General
Topic: Swedroe: "OK to sin...but sin only a little"
Replies: 51
Views: 6823

Re: Swedroe: "OK to sin...but sin only a little"

Came across this article by Larry Swedroe. He talks about overweighting areas of the market, but not to push it. This is the guy who advocates investing only in small value stocks and short term treasuries? Seems like the classic example of someone "pushing it." If you understood why Larr...

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