Search found 2101 matches

by triceratop
Wed Jun 21, 2017 6:20 pm
Forum: Investing - Theory, News & General
Topic: Closet Index fund?
Replies: 31
Views: 1409

Re: Closet Index fund?

You have to admire the audacity of the people who skim 1% off a stock index fund. I am thinking it would be good business to get into. Can't be too difficult. Most people don't know,. Myself included, until about a few months ago. You really have to look to find out. When I got roped into this, it ...
by triceratop
Wed Jun 21, 2017 12:19 pm
Forum: Investing - Theory, News & General
Topic: Argentina issuing 100-year bond.
Replies: 39
Views: 3137

Re: Argentina issuing 100-year bond.

Long-maturity bonds are not so abnormal. It wasn't so long ago I heard about the possibility in the US, and according to this article many countries have issued 50 or 100-year bonds. There is a delightful note over on the NY Fed site by Ken Garbade about the history of long bonds in the U.S. As I re...
by triceratop
Wed Jun 21, 2017 11:23 am
Forum: Investing - Theory, News & General
Topic: "Home Bias Blues: Investors really should get out more. The reasons for sticking to local stocks are fewer by the day."
Replies: 9
Views: 781

Re: "Home Bias Blues: Investors really should get out more. The reasons for sticking to local stocks are fewer by the da

And yet... Ben Johnson, CFA does not own shares in any of the securities mentioned above. Why not? Because the only actual securities mentioned are VEIEX/VWO [Vanguard Emerging Markets Index] and NASH [LocalShares Nashville index, not recommended! ], and a well-diversified global investor only need...
by triceratop
Wed Jun 21, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Bond Funds To Use in Taxable Portfolio
Replies: 28
Views: 2813

Re: Bond Funds To Use in Taxable Portfolio

Ok fair enough. I have historically shyed away from US Govt Bonds because I felt they were overvalued, and the Vanguard fund has a 6 yr duration and almost half its exposure to US govies, so not my favorite. That said, I may be accused of market timing by taking views about things like US govies be...
by triceratop
Tue Jun 20, 2017 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Next step [Individual stocks & transition to Three-Fund Portfolio]
Replies: 9
Views: 579

Re: Next step [Individual stocks & transition to Three-Fund Portfolio]

I retitled the thread to be a bit more descriptive that you're asking about individual stocks and moving to a three-fund portfolio.

For others, the TFP being referred to is the Three Fund Portfolio
by triceratop
Tue Jun 20, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting and Betterment
Replies: 18
Views: 1312

Re: Tax loss harvesting and Betterment

I find the total betterment fees since inception of "$213" to be suspect, even given the previous lower rate of 0.15%. Anyway your yearly rate is now (at minimum) $442.50 compared to however much TLH saves you. That is my point.
by triceratop
Tue Jun 20, 2017 5:11 pm
Forum: Investing - Theory, News & General
Topic: Reporter doing story on delaying sales of assets because of possible lower tax rates
Replies: 8
Views: 671

Re: Reporter doing story on delaying sales of assets because of possible lower tax rates

I'm guessing the reporter doesn't want to hear from me, since being at a 0% LTCG rate that would mean...
by triceratop
Tue Jun 20, 2017 4:29 pm
Forum: Investing - Theory, News & General
Topic: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index
Replies: 29
Views: 3525

Re: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index

Update: Bloomberg reporting that MSCI will include 222 Chinese A shares starting in May 2018. So not the full boat. Not sure what this means for VEMAX/VWO, but I'm not going to speculate. Vanguard's EM fund doesn't track the MSCI index so my speculation is.....not much. It also already includes Chi...
by triceratop
Tue Jun 20, 2017 3:54 pm
Forum: Investing - Theory, News & General
Topic: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index
Replies: 29
Views: 3525

Re: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index

Update: Bloomberg reporting that MSCI will include 222 Chinese A shares starting in May 2018.
by triceratop
Tue Jun 20, 2017 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Do you think other investment firms are better for taxable investments?
Replies: 15
Views: 882

Re: Do you think other investment firms are better for taxable investments?

I used to use Vanguard for taxable investments. I had few issues; some people report problems with their cost basis information being corrupted. I had this problem when I converted my Vanguard mutual funds to Vanguard ETFs. But this problem with the conversion is an evil unique to Vanguard because t...
by triceratop
Tue Jun 20, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting and Betterment
Replies: 18
Views: 1312

Re: Tax loss harvesting and Betterment

However, it's probably not worth the fee because you only get to TLH in the beginning but have to pay the fee forever. I have seen this statement made many times and its not entirely true. If you plan to invest using dollar cost averaging( e.h a little every month), every new lot you buy has the po...
by triceratop
Tue Jun 20, 2017 11:22 am
Forum: Investing - Theory, News & General
Topic: "Find out if your fund is declaring a quarterly dividend in June."
Replies: 30
Views: 3766

Re: "Find out if your fund is declaring a quarterly dividend in June."

Thank you. 1. how do you know how much VV to sell? 2. selling VV would incur capital gains tax, wouldn't it? Wouldn't that defeat the purpose of avoiding the VV distribution? 1. What? I sold whatever I felt like. I don't recall exactly, but maybe I sold all lots purchased in the past 2 years in tha...
by triceratop
Tue Jun 20, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: is offering this [Vanguard] website feature feasible?
Replies: 29
Views: 1813

Re: is offering this [Vanguard] website feature feasible?

It's only actionable, .... Maybe the OP wants to say something when a friend, colleague, or acquaintance says they own AAPL, MSFT, FB, AMZN, etc.? When I look at a M* Stock Intersection, I see than my approximately 60/40 portfolio has about 2% of the portfolio in 5 stocks --- all from funds. So, wh...
by triceratop
Tue Jun 20, 2017 12:14 am
Forum: Investing - Theory, News & General
Topic: A closer look at taxes/distributions: Fidelity vs. Vanguard
Replies: 5
Views: 872

Re: A closer look at taxes/distributions: Fidelity vs. Vanguard

What you're asking about is something called tax efficiency. Vanguard funds are often more tax efficient than other index mutual funds because Vanguard sometimes have an ETF share class which allows them to retire appreciated shares and avoid capital gains distributions. A useful link which combines...
by triceratop
Mon Jun 19, 2017 11:45 pm
Forum: Investing - Theory, News & General
Topic: "Find out if your fund is declaring a quarterly dividend in June."
Replies: 30
Views: 3766

Re: "Find out if your fund is declaring a quarterly dividend in June."

Note: as of 12:45am ET on 6/20 the Vanguard funds still haven't declared according to their own website. 8-)

dividend.com has the information for many of the funds but notably VXUS is still missing.
by triceratop
Mon Jun 19, 2017 9:50 pm
Forum: Investing - Theory, News & General
Topic: is offering this [Vanguard] website feature feasible?
Replies: 29
Views: 1813

Re: is offering this [Vanguard] website feature feasible?

I'd love if Vanguard offered a feature through the website where you could enter a ticker symbol and be provided with a dollar value of your personal holding in that stock This is fairly trivial to create. A long time back I created a simple excel based spreadsheet (took maybe 10-15 minutes) and no...
by triceratop
Mon Jun 19, 2017 8:43 pm
Forum: Investing - Theory, News & General
Topic: Where to put "leftover" money in an ETF portfolio
Replies: 13
Views: 1088

Re: Where to put "leftover" money in an ETF portfolio

I used to worry about this. Now I realize that my checking account varies from $100-$4000 over a period of months depending on investing, taxes, savings, and bills. Given that variation, anything less than $50 in money market is noise. But then, that is my taxable account so the analogy is a little ...
by triceratop
Mon Jun 19, 2017 3:40 pm
Forum: Investing - Theory, News & General
Topic: Avoid taking Dividends?
Replies: 19
Views: 1560

Re: Avoid taking Dividends?

That is a lot of words spoken against tinkering. I expect I'll read fewer about why a nearly identical fund which costs 10bp more to own is a good idea.
by triceratop
Mon Jun 19, 2017 1:40 pm
Forum: Investing - Theory, News & General
Topic: Avoid taking Dividends?
Replies: 19
Views: 1560

Re: Avoid taking Dividends?

The savings was 14bp in 2015, too; I didn't base it entirely on last year's number. It is a well-replicated feature of iShares foreign funds. I'll only note that if the expense ratio of a fund changed by 10bp, many Bogleheads' hair would surely be on fire, similar if a fund was introduced with a 10b...
by triceratop
Mon Jun 19, 2017 1:18 pm
Forum: Investing - Theory, News & General
Topic: Avoid taking Dividends?
Replies: 19
Views: 1560

Re: Avoid taking Dividends?

Is this a strategy (avoiding dividends) for the average person or is this one of those whole other level investor kind of thing? Also, I can't imagine having 200k in losses. It's for people who have lot's of time, lot's of accumulated losses, high tax bracket and have a low threshold for what they ...
by triceratop
Mon Jun 19, 2017 10:58 am
Forum: Investing - Theory, News & General
Topic: "Find out if your [Vanguard] fund is declaring a quarterly dividend in June."
Replies: 26
Views: 6778

Re: "Find out if your [Vanguard] fund is declaring a quarterly dividend in June."

I don't want to be out of the market for more than a few seconds so I'll not try to avoid both dividends; the expected June tax on IXUS' distributions is about .005% whereas for VXUS around .04%. Obviously, market changes either way will overwhelm any savings there; not a risk that is attractive to ...
by triceratop
Mon Jun 19, 2017 10:18 am
Forum: Investing - Theory, News & General
Topic: "Find out if your [Vanguard] fund is declaring a quarterly dividend in June."
Replies: 26
Views: 6778

Re: "Find out if your [Vanguard] fund is declaring a quarterly dividend in June."

So some dividend information has been updated at vanguard.com I would like to contrast how Vanguard presents information differently for the mutual fund and the ETF with VTSAX / VTI as examples: Mutual fund http://i63.tinypic.com/25rgn74.jpg ETF http://i63.tinypic.com/2lbolcx.jpg A consequence is t...
by triceratop
Sun Jun 18, 2017 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: ETF expense ratios. do they matter in this case?
Replies: 6
Views: 565

Re: ETF expense ratios. do they matter in this case?

If we do the mental math, at a quick guessimate, if we figure the average size of the investment is $15,000 and that the difference in expenses between SPY and VOO is 0.05%, then we would the difference to be $15,000 x 0.05% x 5 years = $37.50. Shrug. I dunno why the actual difference seems to be s...
by triceratop
Sun Jun 18, 2017 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Historical and Current Corporate Bonds Risk Premium
Replies: 4
Views: 272

Re: Historical and Current Corporate Bonds Risk Premium

Corporate bond excess returns, aka `default' premia, have been discussed at length recently on Bogleheads. I recommend this thread for a good overview of where the understanding and discussion currently stand: viewtopic.php?t=209748
by triceratop
Fri Jun 16, 2017 2:48 am
Forum: Investing - Theory, News & General
Topic: Bogle Doubles Down on US Index Funds
Replies: 118
Views: 11769

Re: Bogle Doubles Down on US Index Funds

I've noticed that many American companies have been acquired by foreign companies. I just happened upon a click-bait article with a list of such companies that I'll summarize here: BUDWEISER > Anheuser-Busch InBev, Belgian brewers BEN & JERRYS > Unilever, Dutch-British consumer goods company BU...
by triceratop
Thu Jun 15, 2017 4:43 pm
Forum: Personal Consumer Issues
Topic: Free Cell Phone Plans for a Year @ Sprint
Replies: 23
Views: 2272

Re: Free Cell Phone Plans for a Year @ Sprint

edit: My Sprint-compatible iPhone 5S currently on the Tello MVNO is ineligible. They specifically state no sprint mvnos. The idea is to get ports from someone that isn't sprint to gain more customers. Someone suggested that it could be useful to boost subscriber numbers in the event of a potential ...
by triceratop
Thu Jun 15, 2017 4:11 pm
Forum: Personal Consumer Issues
Topic: Free Cell Phone Plans for a Year @ Sprint
Replies: 23
Views: 2272

Re: Free Cell Phone Plans for a Year @ Sprint

Here is my understanding of the timeline: 1) Ringplus offers $0/mo. service 2) Sprint kills RingPlus 3) Several months later Sprint offers ~$0/mo. service 4) ??? 5) Profit! You can't make this stuff up! I have a hard time believing Sprint will ever turn a profit on a large number of MVNO users who w...
by triceratop
Thu Jun 15, 2017 12:22 pm
Forum: Investing - Theory, News & General
Topic: Formulas for International Stock Allocation
Replies: 8
Views: 844

Re: Formulas for International Stock Allocation

None of them suggest that volatility is minimized at 0% international. It seems to me you have many complex formulas which do not produce foreseeably useful results. For me, the point of using a defined formula for decreasing the International stock allocation over time isn't to minimize volatility...
by triceratop
Thu Jun 15, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Boglehead Wiki Page Question
Replies: 25
Views: 1517

Re: Tax Efficient Boglehead Wiki Page Question

The answer is put some of everything but taxable bonds in your taxable account. Then you have choices when you start selling of what to sell for the least tax consequences. Excellent point. If the annual tax cost differences are minimal, buy them all. I didn't think of that. About how many basis po...
by triceratop
Thu Jun 15, 2017 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Boglehead Wiki Page Question
Replies: 25
Views: 1517

Re: Tax Efficient Boglehead Wiki Page Question

Here is a thread and discussion that helps answer your questions: https://www.bogleheads.org/forum/viewtopic.php?t=208818 One can figure out which of those funds was the most tax efficient last year and the year before. With that information, one can expect something similar to be the case for the ...
by triceratop
Thu Jun 15, 2017 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Boglehead Wiki Page Question
Replies: 25
Views: 1517

Re: Tax Efficient Boglehead Wiki Page Question

You asked a similar question in this thread: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=220173 The tax efficiency numbers, once calculated, are precisely what you would have paid and generally should take precedence over general rules of thumb, which by necessity will never be fully ac...
by triceratop
Thu Jun 15, 2017 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account holdings?
Replies: 13
Views: 783

Re: Taxable account holdings?

Are bogleheads generally limiting taxable events in a taxable account to dividends and the gains/losses from a sale? Yes - the type of equity funds BHs hold in taxable accounts have relatively low turnover and low capital gains distributions. If they hold bond funds in taxable accounts, they are ge...
by triceratop
Wed Jun 14, 2017 11:41 pm
Forum: Investing - Theory, News & General
Topic: Market index funds are unsustainable?
Replies: 12
Views: 2291

Re: Market index funds are unsustainable?

The post claims that investing in companies which are incompatible with sustainability rewards that behavior. I don't see how selling one's shares so another market participant keeps the growth due to those companies is a disincentive at all. It only would be if Stocks ceased being an effective way ...
by triceratop
Wed Jun 14, 2017 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Future Investments-Placement for tax efficiency
Replies: 4
Views: 361

Re: Future Investments-Placement for tax efficiency

Here is my plan for my future investment contributions (they do not match my current AA which is much more conservative) to give me a rising glide path. Is this the correct placement for tax efficiency? (Yes, I decided to suck it up and invest some in Developed Markets and Emerging Markets, at leas...
by triceratop
Wed Jun 14, 2017 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable account holdings?
Replies: 13
Views: 783

Re: Taxable account holdings?

In general it's prudent to minimize the loss of your money to taxes. However, this is not necessarily the same as limiting taxable events. In some cases it is prudent to generate taxable events intentionally. This is known as Tax Gain Harvesting It's also true that one's death is a taxable event whe...
by triceratop
Wed Jun 14, 2017 9:04 pm
Forum: Personal Consumer Issues
Topic: Am I too far into the rabbit hole? (email with Gmail)
Replies: 29
Views: 3774

Re: Am I too far into the rabbit hole? (email with Gmail)

I moved on from gmail a few years ago, for similar reasons (using fastmail.com - excellent service). Will it really matter to google? Probably not, but it's one less person to mine data from. It's like voting in a landslide election, will it matter? Probably not, but you made your voice heard. Blue...
by triceratop
Wed Jun 14, 2017 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: REIT in a taxable account
Replies: 17
Views: 1757

Re: REIT in a taxable account

Why this REIT? And have you calculated the tax drag on returns in recent years?

The same reasoning for tax inefficiency of REIT index funds likely applies. One thing I might look at is how tax inefficient for you, in your tax bracket, the REIT index fund is. You may be surprised.
by triceratop
Wed Jun 14, 2017 4:30 pm
Forum: Investing - Theory, News & General
Topic: Emerging Markets Index Missing Big Names
Replies: 30
Views: 3012

Re: Emerging Markets Index Missing Big Names

@triceratop OK. You are way over weighting EM. That's exactly what you need to do if you are going to get a significant effect. Most or at least many Bogleheads won't even overweight domestic small cap value to that extent. I believe that you are taking on additional risk in doing so. Whether that ...
by triceratop
Tue Jun 13, 2017 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions Fees
Replies: 46
Views: 5884

Re: Edward Jones Guided Solutions Fees

First, welcome to the Bogleheads! I responded I hope to each of your points below. I did have to break your post up to make clear the context that I was replying to. In full disclosure, I am an EJ client who has been invested in Guided Solutions for almost 6 months now. I really like the account and...
by triceratop
Tue Jun 13, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11741

Re: Who takes financial chances and why is this forum so financially conservative?

Sometimes.. when I think no one is watching.... I buy lottery tickets. :moneybag Pssst.. I do too. shhhhhhh.... My late father-in-law (an engineer) used to say that lottery tickets were a tax on stupidity. The more stupid you were, the more you paid, and yet we are all a bit stupid, so we shouldn't...
by triceratop
Tue Jun 13, 2017 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11741

Re: Who takes financial chances and why is this forum so financially conservative?

Do you think mathematical software is not written in C++? Oh, I know it is. I've even written some. But I so rarely get a chance to make a joke about programming paradigms and you set me up perfectly. Thanks by the way :-) Well, in that case, you're welcome. :) Real mathematical programmers use For...
by triceratop
Tue Jun 13, 2017 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing and Taxable Account
Replies: 15
Views: 758

Re: Rebalancing and Taxable Account

If you have Vanguard international funds, I would expect more than $3500 in the next two weeks. The distributions are quite uneven throughout the year.
by triceratop
Tue Jun 13, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: If i have VTI should I also get VUG?
Replies: 19
Views: 867

Re: If i have VTI should I also get VUG?

Okay, but why do you expect the Growth style to outperform in the future? Relying on the recent past is an investment strategy fraught with difficulties. And, the market can do well with Value outperforming, too. Also, the market can do poorly. It's best to set up an asset allocation which one will ...
by triceratop
Tue Jun 13, 2017 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: If i have VTI should I also get VUG?
Replies: 19
Views: 867

Re: If i have VTI should I also get VUG?

So basically VTI is good enough. Thanks guys. CantPassAgain, thanks for the chart. I completely understand that ETFs change depending on political and economic realities. The idea of a Growth orientated ETF is to follow the bogleheads philosophy. Invest and leave alone. I am just more inclined to t...
by triceratop
Tue Jun 13, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11741

Re: Who takes financial chances and why is this forum so financially conservative?

I just wanted to say for those of you who don't know, there's a subreddit called FIRE which stands for Financially Independent, Retire Early, which is essentially the younger version of bogleheads. By definition, most are not yet retired. If you're looking for advice (and implicit higher risk toler...
by triceratop
Tue Jun 13, 2017 1:45 pm
Forum: Investing - Theory, News & General
Topic: Emerging Markets Index Missing Big Names
Replies: 30
Views: 3012

Re: Emerging Markets Index Missing Big Names

You guys have reinforced my policy of using only foreign developed funds. With 70/30 US/Foreign and (WAG) 85/15 developed/EM why bother with EM at all. Sleep is sometimes more important than the potential of a few basis points. Extra diversification, being closer to the world market portfolio, and ...
by triceratop
Tue Jun 13, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11741

Re: Who takes financial chances and why is this forum so financially conservative?

Au contraire! When I talk to friends I am by far the most financially aggressive. But I don't take unnecessary risks. Consider: 1. I use intermediate-term treasuries both as my emergency fund and as a 5-10% bond allocation. 2. I am effectively 100% equities with extra-volatile allocations to SCV, EM...
by triceratop
Tue Jun 13, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: How many tech devices do you have?
Replies: 74
Views: 2932

Re: How many tech devices do you have?

I love technology as well, but I have only three devices: 1x iPhone 5S, 1x Thinkpad x201 (release date: 2010), 1x desktop workstation (build date: 2012). Older hardware still works just fine. I also have remote access to a departmental cluster and a Top500 (TOP10, actually) cluster, but I won't coun...
by triceratop
Tue Jun 13, 2017 11:02 am
Forum: Investing - Theory, News & General
Topic: Bogle Doubles Down on US Index Funds
Replies: 118
Views: 11769

Re: Bogle Doubles Down on US Index Funds

I merged EvelynTroy's thread on the same topic ("Bogle sticks with U.S. Stock (article)")into this one.

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