Search found 2789 matches

by triceratop
Tue Oct 17, 2017 9:47 pm
Forum: Investing - Theory, News & General
Topic: The overselling of international diversification
Replies: 45
Views: 3558

Re: The overselling of international diversification

I've read and followed with great interest the overriding question of how much to invest (from a USA prospective) in international. 0 to 10 percent sayeth Bogle and Buffett. "No, no, the US has peaked so 50 percent is the safest bet" says the maximum diversity folks. In an annual conversation with ...
by triceratop
Tue Oct 17, 2017 8:31 pm
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 276
Views: 12303

Re: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]

denovo wrote:
Tue Oct 17, 2017 8:29 pm
zeugmite wrote:
Tue Oct 17, 2017 8:10 pm
denovo wrote:
Tue Oct 17, 2017 7:54 pm
They make you wait 14 weeks after opening up the account to get cash bonuses. TD would give it to you immediately.
Why does this matter? You'll have to hold longer than that to keep it.
I don't think so.
No you're mistaken. The assets must be there for 180 days I believe.
by triceratop
Tue Oct 17, 2017 7:04 pm
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 276
Views: 12303

Re: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]

This is a giant pain my neck more than anything else. I use commission-free ETF's at TDA for my retirement and taxable accounts, mostly because my 401k provider does self-directed portfolios there, and its easy to see aggregate percentages across all accounts. (In response to some questions above, ...
by triceratop
Tue Oct 17, 2017 6:56 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

I don't consider myself ignorant "willful ignorance, is still a form of ignorance". (?) If you read what I wrote; "Investors are confused". To prove my point in addition to the numerous white papers floating around in these forums, I went online & copied another study on the dividend strategy. My p...
by triceratop
Tue Oct 17, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

Well if I pay 33% federal tax interest rec'd pays that amount. If I acquire a qualified dividend fund I would pay 15% federal tax on dividends rec'd and still have equity exposure, low beta, and a 4% income. Now that's bias towards income receipts but doesn't really affect my long stock allocation ...
by triceratop
Tue Oct 17, 2017 12:51 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

I" am not arguing one way or the other. However, For every white paper that you show me showing dividends are bad, I can show you a white paper showing dividends are good. Investors are confused... If you take taxes out of the mix they are very close to one another (think Jeremy Siegel). Dividend c...
by triceratop
Tue Oct 17, 2017 12:40 pm
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 276
Views: 12303

Re: Fellow TDA bogleheads

I doesn't just seem financially inconsistent, it seems completely reactionary. It comes across as one of those customers that thinks everything should be free for them and as soon as it isn't they blame the company as if it was a personal attack. Why shouldn't we act this way? Companies don't gener...
by triceratop
Mon Oct 16, 2017 12:13 pm
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 276
Views: 12303

Re: Fellow TDA bogleheads

I merged MFInvestor's thread "TD Ameritrade Drops Vanguard From Revamped Commission-Free ETF Lineup TD Ameritrade will nearly triple its overall" into this one (the system orders posts by time).
by triceratop
Sat Oct 14, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with current market (voo,vti)
Replies: 48
Views: 1965

Re: Need help with current market (voo,vti)

Bond yield are also still at historic lows and when yield increases, bond prices drop. However, people have been saying that for 10 years and those that put everything in cash have missed out. Try putting 50% in stocks and 50% in bonds and then move bonds to stocks over the next year or so. Yes I r...
by triceratop
Fri Oct 13, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5523

Re: Help me understand what happen with the new law and ACA subsidies

An earlier thread on this veered badly off course and appears to have been completely deleted. Just a request that everyone keep this discussion completely focused on actionable topics. With open enrollment coming up, there are definitely actionable decisions that people need to make and people do ...
by triceratop
Thu Oct 12, 2017 2:49 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Non-US Valuations Look Attractive
Replies: 73
Views: 6803

Re: Larry Swedroe: Non-US Valuations Look Attractive

lazyday wrote:
Wed Oct 11, 2017 4:20 am
Using data from AQR Capital Management, as of June 30, 2017, the CAPE 10 earnings yield for developed markets was
Is this data publicly available from AQR?
You could PM or e-mail Larry; it's possible only he knows the answer to that question.
by triceratop
Thu Oct 12, 2017 1:23 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Non-US Valuations Look Attractive
Replies: 73
Views: 6803

Re: Larry Swedroe: Non-US Valuations Look Attractive

I'm confused. Am I supposed to increase my non-us holdings based on this? Why didn't you tell me this in January before VXUS went up over 20% (vs VTI up 13) when it was 20% more attractive? If my ideal 50/50 US/Int AA goal was rebalanced in January, I'd be overweight non-US and rebalancing now woul...
by triceratop
Wed Oct 11, 2017 4:27 pm
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 80
Views: 6491

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

^As I read that passage what came to mind was "This is Nassim Taleb describing himself to a tee." I thought the same when I read: "The Intellectual Yet Idiot is a production of modernity hence has been accelerating since the mid twentieth century, to reach its local supremum today". Why use the wor...
by triceratop
Wed Oct 11, 2017 2:39 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Non-US Valuations Look Attractive
Replies: 73
Views: 6803

Re: Larry Swedroe: Non-US Valuations Look Attractive

He lists the P/E for DFA international small/value/etc. funds. By comparison, the Vanguard small/mid cap international fund VFSVX has: P/E: 15.14 P/B: 1.49 These values are higher than the DFA international small cap value funds, but it's also better than the DFA international small cap (non-value)...
by triceratop
Wed Oct 11, 2017 12:22 pm
Forum: Investing - Theory, News & General
Topic: DFA and the additional return achieved for advisor sales pitch
Replies: 3
Views: 550

Re: DFA and the additional return achieved for advisor sales pitch

The published returns of DFUSX are not net of advisory fees, only fund expenses.
by triceratop
Wed Oct 11, 2017 10:09 am
Forum: Investing - Theory, News & General
Topic: Vanguard bond ETF/funds
Replies: 21
Views: 1172

Re: Vanguard bond ETF/funds

I use only Vanguard Intermediate-Term Treasury Government Bond ETF. It has pure term exposure and is tax efficient (indeed no state tax on interest). I do wish the ETF had more volume. Ironically despite all the "liquidity crisis in corporate issues" the intermediate term corporate bond etf from van...
by triceratop
Tue Oct 10, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Tax Question
Replies: 19
Views: 907

Re: Tax Question

And one more time: Spec ID is no longer time consuming nor complicated. Average Cost is more time consuming and complicated if one has to calculate it themselves. (we can ask Toons if they ever calculated Average Cost themselves?) In the old days, Vanguard would calculate Average Cost for you, so t...
by triceratop
Tue Oct 10, 2017 7:16 pm
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 80
Views: 6491

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

It is hush hush when they send out the consultation with experts. Those consulted are not supposed to divulge that information with others. Well, of course. People on review committees of all types are supposed to keep things confidential. Now I have some great stories that I can only tell over lun...
by triceratop
Tue Oct 10, 2017 5:53 pm
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 80
Views: 6491

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

It is extremely bad form to lobby for Nobel candidates and the committee does not accept outside nominations. I do not believe VictoriaF suggested anyone lobby for Nobel candidates. It is true that Kahneman won the Nobel Memorial Prize previously, and it is known that the committee sends nomination...
by triceratop
Tue Oct 10, 2017 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: October 9, 2017 Dow up 69 + points
Replies: 4
Views: 786

Re: October 9, 2017 Dow up 69 + points

livesoft wrote:
Tue Oct 10, 2017 4:27 pm
My Total Stock Market Index is up today (October 10, 2017). Maybe you bought yours from Ted's Discount Ripoff Brokerage?
Or he/she looked *looks at thread title* yesterday. I admit the chronology confuses me too.
by triceratop
Tue Oct 10, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: October 9, 2017 Dow up 69 + points
Replies: 4
Views: 786

Re: October 9, 2017 Dow up 69 + points

When you think about it, this shouldn't be surprising since the Dow level is quite high and so 69 points doesn't actually mean that much. You want to compare percentage changes not points or share price changes. Anyway, total stock market is much more diversified than the Dow so this also isn't surp...
by triceratop
Tue Oct 10, 2017 11:40 am
Forum: Investing - Theory, News & General
Topic: 12 things you can learn from Richard Thaler
Replies: 6
Views: 797

Re: 12 things you can learn from Richard Thaler

I learned much more from this joint interview and conversation between Richard Thaler and Eugene Fama: Are markets efficient?
by triceratop
Tue Oct 10, 2017 11:33 am
Forum: Investing - Theory, News & General
Topic: Oldest international mutual funds?
Replies: 16
Views: 1115

Re: Oldest international mutual funds?

Nicolas wrote:
Mon Oct 09, 2017 4:59 pm
British East India Company, 1774.
https://www.ific.ca/en/articles/who-we- ... ual-funds/
1372.
The Bazacle Company

https://www.nber.org/papers/w20199
by triceratop
Tue Oct 10, 2017 10:45 am
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

It is possible my statement was too strong, but I think there's a bit more that you're not considering. I would say that for most people it's impossible to know whether or not the dividend strategy will affect them. There is precisely one case in which the decision to use high yield funds in a taxab...
by triceratop
Tue Oct 10, 2017 9:48 am
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

I make less than the median American wage and dividends are a problem for me. Why? They are an inefficiency which costs me extra money at tax-time, because California taxes me 6% on my dividends. Another apples to oranges case i pay no state taxes where I live. It not my fault you live in Californi...
by triceratop
Tue Oct 10, 2017 12:07 am
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

Triceratop, First of all I want to thank you for your advice & being patient with me, I appreciate it. I understand exactly what you are saying. When I posted articles about the Janitor Next Door (Ronald Read) (The Millionaire Next Door). Ronald Read had accumulated $6 Million in stocks & $2 Millio...
by triceratop
Mon Oct 09, 2017 11:15 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

I love dividends! Well, not exactly, but I do tilt toward dividend paying stocks in my portfolio. I simply do so in my Roth IRA. Value stocks tend to be more likely to pay a dividend as compared to growth stocks, and I own Vanguard’s small cap and mid cap indexes in my Roth IRA. I also own the REIT...
by triceratop
Mon Oct 09, 2017 11:12 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

TropikThunder, Hello, nice meeting you. (Now were getting into the math of the strategy). Their is a difference between the accumulation stage & DE accumulation stage. I agree they are totality different. The problem as I see it: It is extremely difficult in a taxable account to shift over a large ...
by triceratop
Mon Oct 09, 2017 1:32 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

Good Morning Everyone, I' am on my way to work...but I have a special treat for you today. JLCollins first article to his daughter. It's excellent...I hope you enjoy it like I did. I also wanted to thank everyone for all your help. Bogleheads is full of excellent advise... Admiral, Montana is a rur...
by triceratop
Mon Oct 09, 2017 12:48 am
Forum: Investing - Help with Personal Investments
Topic: Help! How do I Choose an International Strategy?
Replies: 13
Views: 1282

Re: Help! How do I Choose an International Strategy?

I do not believe there is a minimum for the FTC. I think I claimed a $19 credit for 2016. When you have very large foreign-sourced income (relative to wage income i believe, but I'm fuzzy) there are complications but that's not applicable to most here.
by triceratop
Sun Oct 08, 2017 5:16 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 52
Views: 4130

Re: measurement of success of investment(s)

The market portfolio is the 500 best stocks in the country based on large cap performance. A particular fund has an index which is unique to that fund. Like a dividend fund based on a dividend index perhaps, it's benchmark. That's all. That is absolutely not the market portfolio for the US, and abs...
by triceratop
Sun Oct 08, 2017 4:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 6928

Re: Vanguard's long-term outlook for TIPS

TIPS make a ton of sense, especially for those in or near retirement. Inflation is a real risk that TIPS provide real immunization against. Don't know why anybody would bother following Vanguard's fixed income advice. Weren't they recommending an allocation to International Bonds when it was clear ...
by triceratop
Sat Oct 07, 2017 8:55 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

"If you have $1,000 worth of stock A and it pays out $30 in the dividend, stock A's price drop to $970." This is what I dont really believe. For example, ATT currently pays a dividend of $.49 per share quarterly or $1.96 per year. How can you prive ATT'a stock price would be $1.96 per share higher ...
by triceratop
Sat Oct 07, 2017 7:57 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 6928

Re: Vanguard's long-term outlook for TIPS

TIPS make a ton of sense, especially for those in or near retirement. Inflation is a real risk that TIPS provide real immunization against. Don't know why anybody would bother following Vanguard's fixed income advice. Weren't they recommending an allocation to International Bonds when it was clear ...
by triceratop
Sat Oct 07, 2017 4:14 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

KlangFool, I can give you (some) of my reasons for liking dividends. 1). Since both of are parents are gone (I' am on my own & can't borrow money from them in a emergency). In a emergency I can use my credit card & pay if off with the next dividend payment. (Financial Security). 2). Compounding, th...
by triceratop
Fri Oct 06, 2017 10:03 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

I really don't want to get into this argument again. However, I would like to point out some items to (Physician On Fire) for future reference. 1). Not everyone lives in California. 2). Not everyone is in the 25% tax bracket. 3). Not every State imposes high taxes on dividends. 4). Everyone is not ...
by triceratop
Fri Oct 06, 2017 8:59 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

I really don't want to get into this argument again. However, I would like to point out some items to (Physician On Fire) for future reference. 1). Not everyone lives in California. 2). Not everyone is in the 25% tax bracket. 3). Not every State imposes high taxes on dividends. 4). Everyone is not ...
by triceratop
Fri Oct 06, 2017 5:03 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 52
Views: 4130

Re: measurement of success of investment(s)

Yes I agree sp500 is GREAT proxy of the US equity market return as a whole Aha, then we are in complete agreement. You are not in agreement. You are pulling out one element of agreement to paper over the substantial disagreement (and the source of your error of thinking). The market portfolio for a...
by triceratop
Fri Oct 06, 2017 2:55 pm
Forum: Investing - Theory, News & General
Topic: Withdrawals: Maybe Write Capital & Cash vs. Dividends & Capital Gains?
Replies: 9
Views: 389

Re: Maybe Write Capital & Cash vs. Dividends & Capital Gains?

It's a good question. I do not believe this will be effective. In principal (heh) there is not particular difficulty with the idea that dividends are forced cash distributions from your portfolio's value. The dividend proponents simply do not engage with the facts. Or worse, they position it as a be...
by triceratop
Fri Oct 06, 2017 1:54 pm
Forum: Investing - Theory, News & General
Topic: VGTSX vs VDVIX / VEIEX blend
Replies: 7
Views: 500

Re: VGTSX vs VDVIX / VEIEX blend

I could imagine the total fund being more tax-efficient, but not sure how to quantify. Not really, unless you are counting the possibility of rebalancing between developed and emerging. For lower tax brackets, splitting them has actually improved efficiency while for higher tax brackets you about b...
by triceratop
Fri Oct 06, 2017 11:03 am
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

Good morning everybody, (New day, new thoughts...I slept on this last night) The problem is: Selling off the portfolio. There are lot of people that don't want to sell off their portfolio for various reasons. 1). Psychological reasons. 2). Longevity reasons. 3). Inheritance reasons. 4). Diversify o...
by triceratop
Fri Oct 06, 2017 8:01 am
Forum: Investing - Help with Personal Investments
Topic: Where do you think the money will come from to move the overall market higher?
Replies: 31
Views: 2231

Re: Where do you think the money will come from to move the overall market higher?

Recent polls suggest the general public and professional money managers are both getting skittish about valuations. If these polls are correct, and if people slow their equity investments, where do you see the demand coming from? 3 numbers and a letter. 401k so many people are just dumping $$ in ev...
by triceratop
Thu Oct 05, 2017 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone go 100% Ally or another online bank for all banking needs?
Replies: 61
Views: 4935

Re: Anyone go 100% Ally or another online bank for all banking needs?

I use Schwab for my primary banking; they're supposed to be primarily online. The good news is their ATM card allows no-fee withdrawals anywhere in the world, on any bank's ATM. I usually use the BoA ATMs in my town. I use BoA for their credit cards, which I pay off in full every month. And I use my...
by triceratop
Thu Oct 05, 2017 9:55 pm
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 169
Views: 9141

Re: Buy on Really Bad Days, Sell on Really Good Days?

^^This also breaks the popular narrative that the once per day pricing of mutual funds is an advantage over ETFs, which I'm all for, so sounds good.
by triceratop
Thu Oct 05, 2017 6:06 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

Triceratop, I agree with you, you are very good! You must be getting a MBA or working on your CPA degree? No, I am a Ph.D. candidate in an unrelated field. Personal finance is a hobby of mine, though I can't speak for avalpert. However, that does not mean avalpert and I are incorrect about the suit...
by triceratop
Thu Oct 05, 2017 4:20 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

Since were posting articles & giving opinions. I would like to post mine. I love freedom, I love passive income, I love my time... The question is, how can I achieve my goals without selling off my portfolio? Remember I' am a young guy 23 years old. I need my portfolio to last until age 100. That's...
by triceratop
Thu Oct 05, 2017 3:38 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

By the way, snarlyjack, your tax rate in Montana is 6.9% if your taxable income for montana tax purposes is at least $15.601k. That can be quite a lot of tax drag on a dividend fund.
by triceratop
Thu Oct 05, 2017 3:30 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 192
Views: 13598

Re: Dividends vs. Capital Gains for Spending Needs?

I really don't want to get into this argument again. However, I would like to point out some items to (Physician On Fire) for future reference. 1). Not everyone lives in California. 2). Not everyone is in the 25% tax bracket. 3). Not every State imposes high taxes on dividends. 4). Everyone is not ...
by triceratop
Thu Oct 05, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: That blank stare... ?
Replies: 49
Views: 2852

Re: That blank stare... ?

This topic has been locked due to being non-actionable (an actionable example might be: "How does one usefully engage their otherwise-uninterested spouse in the finances?"). From the forum https://www.bogleheads.org/forum/rules: Non-actionable (Trolling) Topics If readers can't do anything with the...
by triceratop
Thu Oct 05, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Comments on my DFA/IFA-100 portfolio clone
Replies: 6
Views: 579

Re: Comments on my DFA/IFA-100 portfolio clone

Fair enough, benchmark of 90/10 VT/VGIT would have returned 16.00% thru 09/30, so actually doing quite well with an outperformance of 1.50%. But I attribute much of that to timing of purchases well, and EM. OP, small and value and EM haven't done that poorly that your portfolio should track this poo...