Search found 2547 matches

by triceratop
Tue Aug 22, 2017 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Years Old: Am I Too Conservative
Replies: 15
Views: 1135

Re: 29 Years Old: Am I Too Conservative

I moved this topic to the Investing - Help with Personal Investments forum; it is not a Theory problem or News.
by triceratop
Mon Aug 21, 2017 2:55 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 11881

Re: "Why" -- The Answer

this is known as "letting the tax tail wag the asset allocation dog". This implies that asset allocation is more important than taxes. It would obviously be better to be able to maintain your asset allocation and pay low taxes, but if prior decisions do not allow that, it is not clear to me that US...
by triceratop
Mon Aug 21, 2017 12:10 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 11881

Re: "Why" -- The Answer

Bogleheads: I could not believe my eyes when I sat down at my computer this morning to learn that my opening post (OP), made yesterday, had received 125 replies. This old teacher is grateful for each and every one. My question contained a clue " gradually reduced ": I have gradually reduced my inte...
by triceratop
Mon Aug 21, 2017 12:37 am
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 11881

Re: I own no international stocks. Can you guess why?

I wish I had followed that path many years ago. It always seems a little strange to me why so many people who seem to think Jack Bogle and Taylor Larimore are wrong, or not that smart, insist on posting on this website called Bogleheads. But it does stimulate lively discussion, which is a good thin...
by triceratop
Mon Aug 21, 2017 12:34 am
Forum: Investing - Help with Personal Investments
Topic: Be careful with Passive Index ETFs
Replies: 14
Views: 2108

Re: Be careful with Passive Index ETFs

Bogle not a big fan of ETF's https://www.thestreet.com/story/13326091/1/jack-bogle-trump-is-wrong-etfs-are-bogus-and-foreign-investing-is-useless.html Pretty unconvincing reasoning: Bogle vigorously defended the index fund, which was designed to buy stocks in proportion to their market capitalizati...
by triceratop
Sun Aug 20, 2017 4:41 pm
Forum: Investing - Theory, News & General
Topic: Boston Globe: Smart Investors May be Killing Capitalism
Replies: 44
Views: 3906

Re: Boston Globe: Smart Investors May be Killing Capitalism

I want guaranteed growth. Index funds are it and at a low cost to boot. I'm not putting my retirement in the hands of active managers aka stock pickers, who will lose against the market and eat my retirement money with high expense ratios. I think bogle said this issue with everyone owning passive ...
by triceratop
Sun Aug 20, 2017 4:10 pm
Forum: Investing - Theory, News & General
Topic: Boston Globe: Smart Investors May be Killing Capitalism
Replies: 44
Views: 3906

Re: Boston Globe: Smart Investors May be Killing Capitalism

I want guaranteed growth. Index funds are it and at a low cost to boot. I'm not putting my retirement in the hands of active managers aka stock pickers, who will lose against the market and eat my retirement money with high expense ratios. I think bogle said this issue with everyone owning passive ...
by triceratop
Sun Aug 20, 2017 3:53 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 11881

Re: I own no international stocks. Can you guess why?

Because Taylor is old That's my guess right there. He may dress it up in other outfits but the core of it is likely this. I object. How old does one have to be to be considered "old"? What is "old" anyway? Answer: it is as old as one feels "old". Taylor is NOT old. Not that is matters, but I would ...
by triceratop
Sun Aug 20, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Be careful with Passive Index ETFs
Replies: 14
Views: 2108

Re: Be careful with Passive Index ETFs

This wouldn't be a problem if the person passively held passive index ETFs, rather than putting in stop loss orders which are almost never what you want. I'm also pretty sure Vanguard target date funds aren't baskets of ETFs; and, even if they were, if you're not trading them as ETFs at market price...
by triceratop
Sun Aug 20, 2017 11:21 am
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 11881

Re: I own no international stocks. Can you guess why?

Because you retired and decided to travel the world, so you have no country to call international. Or, you know, home and recency bias. Shall I predict another 10+ page thread? But why did you sell your international? Last time you said you held significantly more than 20% due to locked in gains and...
by triceratop
Sun Aug 20, 2017 8:31 am
Forum: Forum Issues and Administration
Topic: BH.org frontpage: view first unread post in topic ?
Replies: 10
Views: 3076

Re: BH.org frontpage: view first unread post in topic ?

Right, that is my point I think. If the behavior is correct for logged in users AND those not logged in, then there's no downside to adding this to the front page URLs. As I recall, such a link as you put in the code box used to prompt the user to log in. But not any longer. Of course, I could be w...
by triceratop
Sat Aug 19, 2017 4:11 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard fund shareholders encouraged to vote as proxy campaign gets under way."
Replies: 72
Views: 8776

Re: "Vanguard fund shareholders encouraged to vote as proxy campaign gets under way."

Prop 7 has nothing to do with investing. If you dont want to invest in companies that dont conform to your ideals, then sell the fund. I am voting NO to prop 7 and I am concerned it even got on the proxy. This type of question makes me question Vangaurd fund managers. Why would it make you question...
by triceratop
Fri Aug 18, 2017 7:27 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: World Isn't Flat-Invest Accordingly
Replies: 71
Views: 6289

Re: Larry Swedroe: World Isn't Flat-Invest Accordingly

I asked to see a link to Larry's results and what fees he charges, I would love to understand what separates him from the thousands of other financial advisors out there. He charges $0.00 for his advice on the forum, which has shaped many a factor-tilted portfolio, using open-access funds (with no ...
by triceratop
Fri Aug 18, 2017 6:11 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: World Isn't Flat-Invest Accordingly
Replies: 71
Views: 6289

Re: Larry Swedroe: World Isn't Flat-Invest Accordingly

I asked to see a link to Larry's results and what fees he charges, I would love to understand what separates him from the thousands of other financial advisors out there. He charges $0.00 for his advice on the forum, which has shaped many a factor-tilted portfolio, using open-access funds (with no ...
by triceratop
Fri Aug 18, 2017 4:33 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: World Isn't Flat-Invest Accordingly
Replies: 71
Views: 6289

Re: Larry Swedroe: World Isn't Flat-Invest Accordingly

Also, if you want a track record, please tell me which of the above mentioned options I gave would be used. All three would have advantages and disadvantages. None of them are particularly meaningful because you are truly asking for apples versus oranges comparison. Perhaps you would be interested ...
by triceratop
Fri Aug 18, 2017 3:19 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3804
Views: 998813

Re: U.S. stocks in freefall

It's not a matter of "feeling" a need to mark to market; it's the cold logic of what the market does for you. To behave otherwise is to try to live in an alternate reality; unfortunately, it can be a difficult realization when that imagined reality is shown to be inconsistent with true reality. Jus...
by triceratop
Fri Aug 18, 2017 2:13 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3804
Views: 998813

Re: U.S. stocks in freefall

If you can't lose, than how can you gain? What is your net-worth? Just the cash in your bank account? I'd rather lose $100K in a market fluctuation than in a robbery, as my odds of getting it back are much higher, but how can you possibly not consider it a real, material loss? Because historically ...
by triceratop
Thu Aug 17, 2017 9:36 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3804
Views: 998813

Re: U.S. stocks in freefall

You mean early in the accumulation phase? :mrgreen: Deep in the phase you have a lot of money you really don't want to lose. What's this talk about losing money? I was 100% equities for several decades and, despite two huge "crashes," I never lost a dime. :confused Not true; we buy our portfolios e...
by triceratop
Thu Aug 17, 2017 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 14886

Re: Lost $7000 today in ONE DAY!

I lost much less, a bit more than $800 today; I would wager it's in the top 10 biggest loss days for me, in absolute terms. Of course, this will repeatedly occur to all of us over the coming decades The loss didn't bother me in the least. If a 1-2% loss in a single day bothers you, your asset alloca...
by triceratop
Thu Aug 17, 2017 8:21 pm
Forum: Investing - Theory, News & General
Topic: Q&A WITH JACK BOGLE - Got a Question for Jack?
Replies: 44
Views: 7771

Re: Q&A WITH JACK BOGLE - Got a Question for Jack?

I don't say that you've owned Lifestrategy funds; again, I'm speaking only of VSS/VFSVX. Look at your post: viewtopic.php?f=10&t=220191&view=unread#p3425489 the quotes in your post are broken which is why my post is formatted that way...
by triceratop
Thu Aug 17, 2017 8:05 pm
Forum: Investing - Theory, News & General
Topic: Q&A WITH JACK BOGLE - Got a Question for Jack?
Replies: 44
Views: 7771

Re: Q&A WITH JACK BOGLE - Got a Question for Jack?

. . . .I'd like to second that concern as a holder of the LifeStrategy Funds. I'd like to know if any progress has been made on using Admiral shares. . . . I would like to ask a similar question: Will Admiral shares become available in Vanguard FTSE All-World ex-US Small-Cap Index Fund (VFSVX?) in ...
by triceratop
Thu Aug 17, 2017 5:43 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: World Isn't Flat-Invest Accordingly
Replies: 71
Views: 6289

Re: "The Three-Fund Portfolio"

Bogleheads: Every once in while I check the returns of 10 "Lazy Portfolios" designed by "experts" with the The Three-Fund Portfolio . More often than not, Allan Roth's Second Grader's Starter (3-fund) Portfolio leads the pack: http://www.marketwatch.com/lazyportfolio Best wishes Taylor Taylor, That...
by triceratop
Thu Aug 17, 2017 4:06 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3804
Views: 998813

Re: U.S. stocks in freefall

I wouldn't want a market dip at any time, even in the accumulation phase. If the market drops 10% it means the estimation of its value and future potential has gone down 10%. It's not "yay I'm buying potatoes and they're on sale" it's "oh I'm buying potatoes and they're on sale because of spoilage....
by triceratop
Thu Aug 17, 2017 3:54 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3804
Views: 998813

Re: U.S. stocks in freefall

Didn't we have a couple dips in 2015 and 2016? I certainly noticed it in my portfolio. No, that wasn't a bear market or even a correction, but neither has it been a steady upwards progression. As I recall, some US asset classes tipped slightly into bear market territory (>20% decline), like US Smal...
by triceratop
Thu Aug 17, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: WSJ - ... Stop Index Trackers [from] Eating the Economy
Replies: 23
Views: 2927

Re: WSJ - ... Stop Index Trackers [from] Eating the Economy

This article was delicious, as I am someone who enjoys hate-reading articles and editorials. Look at this beautiful writing (emphasis mine): Elroy Dimson, a finance professor at London Business School, said that in previous decades academics also fretted about the growth of passive management and po...
by triceratop
Thu Aug 17, 2017 1:01 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3804
Views: 998813

Re: U.S. stocks in freefall

Didn't we have a couple dips in 2015 and 2016? I certainly noticed it in my portfolio. No, that wasn't a bear market or even a correction, but neither has it been a steady upwards progression. As I recall, some US asset classes tipped slightly into bear market territory (>20% decline), like US Smal...
by triceratop
Thu Aug 17, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: what % of international stock
Replies: 31
Views: 1555

Re: what % of international stock

Vanguard is very bullish at 40% of equities in Total Intenational Stock Index in their target date funds By what definition is 40% international bullish? If they were "neutral" on a market cap weighted basis they'd have something like 47% international and 53% US stocks. I'd say "bullish" would be ...
by triceratop
Thu Aug 17, 2017 9:23 am
Forum: Investing - Theory, News & General
Topic: Q&A WITH JACK BOGLE - Got a Question for Jack?
Replies: 44
Views: 7771

Re: Q&A WITH JACK BOGLE - Got a Question for Jack?

. . . .I'd like to second that concern as a holder of the LifeStrategy Funds. I'd like to know if any progress has been made on using Admiral shares. . . . I would like to ask a similar question: Will Admiral shares become available in Vanguard FTSE All-World ex-US Small-Cap Index Fund (VFSVX?) in ...
by triceratop
Thu Aug 17, 2017 2:29 am
Forum: Investing - Theory, News & General
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 77
Views: 7975

Re: Study: The Rate of Return on Everything, 1870-2015

For those interested in loooong term returns I would heartily recommend the tome "Capital in the 21st Century" by Thomas Piketty, possibly one of the greatest new references for economists. His findings: Productive Real Estate paid 5% real terms p.a. while Trade & Industry paid a percent to two hig...
by triceratop
Thu Aug 17, 2017 2:28 am
Forum: Investing - Theory, News & General
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 77
Views: 7975

Re: Study: The Rate of Return on Everything, 1870-2015

There hasn't been much discussion of taxes, which is surprising to me. The authors themselves note: Next, when calculating equity and housing returns, we do not account for taxes. From an investor’s perspective accounting for taxes is clearly important. Equity capital gains and, for some countries a...
by triceratop
Wed Aug 16, 2017 8:57 pm
Forum: Investing - Theory, News & General
Topic: International equity index has a significant amount of short-term holdings. Attain global cap weight?
Replies: 7
Views: 700

Re: International equity index has a significant amount of short-term holdings. Attain global cap weight?

Index funds use short-term holdings for liquidity, but they maintain 100% exposure to the index by using futures and options. You can expect an index fund to get 100% of the gains or losses of the index. I've wondered what this means practically, at the nuts and bolts level; do you have any resourc...
by triceratop
Wed Aug 16, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: a simple world wide portfolio
Replies: 6
Views: 470

Re: a simple world wide portfolio

With global funds when foreign stocks occupy less than half the portfolio the investor can only deduct the payment of foreign taxes. If you purchase an etf that has only foreign stocks the investor can take the foreign tax as credits which is more desirable. I do not need bonds as I receive social ...
by triceratop
Wed Aug 16, 2017 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: a simple world wide portfolio
Replies: 6
Views: 470

Re: a simple world wide portfolio

I was thinking of diversifying somewhat to VTI 50%, VEA 37 1/2% and VWO 12 1/2%. What do you think of this mix ? If you're okay with holding ETFs, why not hold VT [Vanguard Total World Stock Index] which replicates essentially the same portfolio (well, less Chinese A-shares) with less emerging mark...
by triceratop
Wed Aug 16, 2017 3:03 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: World Isn't Flat-Invest Accordingly
Replies: 71
Views: 6289

Re: Larry Swedroe: World Isn't Flat-Invest Accordingly

I think what Simplegift points out is actually standard procedure. When crises hit, the correlations of risky assets head towards 1. When markets start to recover, the correlations start to decrease. The long term averages we look at incorporate both "normal" times and crises. Dave Simplegift's poi...
by triceratop
Tue Aug 15, 2017 9:59 pm
Forum: Investing - Theory, News & General
Topic: Two nice charts on default and duration risk
Replies: 11
Views: 1040

Re: Two nice charts on default and duration risk

Well the entire thing would be a mix of the (1) from the second chart. All 3 types of treasuries have no credit risk, they just have varying duration risk. If you mean the first chart note the dates there are from 1928 not 1983. Your dates are wrong. Well, I did mean the 2nd chart to compare with. ...
by triceratop
Tue Aug 15, 2017 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason I shouldn't sell USSPX for VTI instead?
Replies: 2
Views: 261

Re: Any reason I shouldn't sell USSPX for VTI instead?

If you hold uSSPX in a taxable account there may be consequences, otherwise no. If so, what is your cost basis relative to account balance? What is your tax bracket?
by triceratop
Tue Aug 15, 2017 6:22 pm
Forum: Investing - Theory, News & General
Topic: what was the actual return of BND last year?
Replies: 19
Views: 1796

Re: what was the actual return of BND last year?

Thanks, lack_y, your graph above makes my point. The money market fund beat BND last year in a climate of anticipated and actual rate hikes. Since this will likely continue, it is not clear that a total bond fund such as BND can beat a MMF in a climate of rising rates. Open to critics on this. I wo...
by triceratop
Tue Aug 15, 2017 6:19 pm
Forum: Investing - Theory, News & General
Topic: what was the actual return of BND last year?
Replies: 19
Views: 1796

Re: what was the actual return of BND last year?

Thanks for the Prime MMF calculation. So Prime earned .802% last year. I looked at Morningstar, I see the return number you found, but also I went to the price chart for the past 12 months. 12 months ago, BND was just over $84, now it is 81.94 as of today. There is a loss of NAV of 2/84, or 2.38%, ...
by triceratop
Tue Aug 15, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Value of International Stock in 401k?
Replies: 32
Views: 1638

Re: Value of International Stock in 401k?

To get my first point, consider the example. If it isn't clear ask questions. The diversification benefit does require a flow of money to operate. I look at my portfolio across all accounts combined as well so I'd like to make this simpler but it can't be done. It's not really that true. You can ch...
by triceratop
Mon Aug 14, 2017 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Value of International Stock in 401k?
Replies: 32
Views: 1638

Re: Value of International Stock in 401k?

My 401k only has one index fund, an S&P 500 index fund. For international I have three choices. Two actively managed ex-US funds, and a DFA emerging market fund. I just put developed in taxable and in my Roth. That's an option for many people. It's not the end of the world if you end up buying a 1%...
by triceratop
Mon Aug 14, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Value of International Stock in 401k?
Replies: 32
Views: 1638

Re: Value of International Stock in 401k?

To get my first point, consider the example. If it isn't clear ask questions. The diversification benefit does require a flow of money to operate. I look at my portfolio across all accounts combined as well so I'd like to make this simpler but it can't be done. It's not really that true. You can ch...
by triceratop
Mon Aug 14, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Value of International Stock in 401k?
Replies: 32
Views: 1638

Re: Value of International Stock in 401k?

Lou354 & triceratop: Unfortunately there's no company match. After some googling, I think my income is currently too high to use IRAs while there's an employer-offered plan. The situation may change in a couple years, though. If you're MFJ, for 2016 the limit before the phaseout began was $98k of M...
by triceratop
Mon Aug 14, 2017 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Value of International Stock in 401k?
Replies: 32
Views: 1638

Re: Value of International Stock in 401k?

Moreover, one can treat the 401k holdings as a unified account with the IRA. One could then hold international stocks in an IRA and save 1-1.2%% in fees. This seems like a no-brainer. Why not just contribute to your 401k at a level to obtain the maximum match, if any, and then prioritize IRA contri...
by triceratop
Mon Aug 14, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 3130

Re: Public vs Private Elementary

I didn't attend a private school until my Ph.D. at MIT. The public schooling from kindergarten to bachelors degree seemed to prepare me well enough educationally for my short stint in private school. I can afford to send my kids to private school; I choose to send them to public school. I attended ...
by triceratop
Mon Aug 14, 2017 11:50 am
Forum: Investing - Help with Personal Investments
Topic: vanguard international value in a taxable account
Replies: 3
Views: 461

Re: vanguard international value in a taxable account

Why do you want an actively managed international "value" fund? Why are you willing to pay a premium for it, both in the form of extra expense and in the form of higher tax costs?

Disclosure: I own international small/value indexed funds.
by triceratop
Mon Aug 14, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Value of International Stock in 401k?
Replies: 32
Views: 1638

Re: Value of International Stock in 401k?

My wife and I are 47, and I have a 401k with few investment options. I'm currently in a target date 2030 fund (JSMIX) with a 0.89% net expense ratio. The 401k's US stock index fund options have around a 0.3% ratio, and international stock funds range from 1.01% to 1.33% ratios. I'd like to replace ...
by triceratop
Mon Aug 14, 2017 9:48 am
Forum: Investing - Theory, News & General
Topic: 'Pure' U.S. revenue ETF
Replies: 1
Views: 255

Re: 'Pure' U.S. revenue ETF

It will be interesting to see whether the anti-International crowd jumps at this ETF since it puts into conflict two (mutually exclusive, IMO) common arguments for international: (1) weak foreign countries, American dominance (2) all the diversification you need due to significant foreign sourced re...
by triceratop
Sun Aug 13, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Total Int'l Stock Index - how to track?
Replies: 15
Views: 1185

Re: Total Int'l Stock Index - how to track?

The ETF version (VXUS) trades throughout the day. Plus, Morningstar reports an Intraday Indicative Value with this description: The intraday value is a real-time estimate of an ETF's fair value, based on the most recent prices of its underlying securities. Intraday indicative value should not be re...
by triceratop
Sat Aug 12, 2017 1:35 pm
Forum: Personal Consumer Issues
Topic: Cheapest way to upgrade iPhones ?
Replies: 35
Views: 2906

Re: Cheapest way to upgrade iPhones ?

If you're okay staying a generation behind the latest, then swappa.com will allow you to purchase good-quality used phones at a fraction of list price.