Search found 193 matches

by vencat
Wed May 17, 2017 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: REITs: Count as Stocks or Bonds?
Replies: 49
Views: 3118

Re: REITs: Count as Stocks or Bonds?

1. Definitely stocks. 2. The total stock market index already holds REITs so many Bogleheads would not recommend adding a REIT fund. 3. Many experts including Swensen, Ferri and Swedroe (at least before) recommend holding them. 4. I have about 5% which may not really be meaningful. 10% would probabl...
by vencat
Thu Apr 27, 2017 6:37 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 37524

Re: Larry Swedroe says "Goodby."

By the way, guys, Larry is not retiring. He just got tired of what he considered personal attacks. So he's only 'retiring' from this site.
by vencat
Sat Feb 25, 2017 2:51 pm
Forum: Investing - Theory, News & General
Topic: Buffett Annual Letter 2016 [Jack Bogle is a hero]
Replies: 69
Views: 6097

Re: The Oracle of Omaha's Hero

If a statue is ever erected to honor the person who has done the most for American investors, the handsdown choice should be Jack Bogle. For decades, Jack has urged investors to invest in ultra-low-cost index funds. In his crusade, he amassed only a tiny percentage of the wealth that has typically ...
by vencat
Thu Feb 23, 2017 7:04 pm
Forum: Investing - Theory, News & General
Topic: RFC - Case for Index Investing in India
Replies: 1
Views: 250

Re: RFC - Case for Index Investing in India

A few years ago I was looking for index options in India.
These were the articles I came upon.

http://www.onemint.com/2012/03/13/why-i ... -in-india/

http://www.safalniveshak.com/do-not-inv ... dex-funds/
by vencat
Sun Jan 29, 2017 11:50 am
Forum: Investing - Help with Personal Investments
Topic: VEMAX vs DFEVX [Vanguard Emerging Mkt vs. DFA Emerging Mkt Value]
Replies: 9
Views: 921

Re: VEMAX vs DFEVX

I own DFEVX through wife's 401K.
DFEVX seems to have slight advantage despite higher expense ratio. If you are in the small value camp, would definitely go for it.
by vencat
Sat Jan 28, 2017 6:11 pm
Forum: Investing - Theory, News & General
Topic: International small cap value ETF
Replies: 50
Views: 17120

Re: International small cap value ETF

Both DLS and DGS have performed well but with regard to DLS: But its dividend focus does create significant concentration in countries such as Japan, the United Kingdom, and Australia since a higher proportion of companies in these countries tend to pay dividends. Its 15% exposure to the United King...
by vencat
Fri Jan 27, 2017 6:21 pm
Forum: Personal Consumer Issues
Topic: Anyone use Sam's Club Travel?
Replies: 4
Views: 2438

Re: Anyone use Sam's Club Travel?

I have not personaly used their service . http://www.fool.com/investing/general/2014/06/27/how-does-sams-club-travel-compare-to-its-rivals.aspx https://www.nytimes.com/2014/10/26/travel/your-big-box-vacation.html?_r=0 http://www.disboards.com/threads/which-has-better-travel-deals-costco-or-sams-club...
by vencat
Thu Jan 26, 2017 7:57 pm
Forum: Investing - Theory, News & General
Topic: "Don't Overcomplicate Your Portfolio"
Replies: 27
Views: 4821

Re: "Don't Overcomplicate Your Portfolio"

There is also the Einstein quote which I believe Larry Swedroe mentions as well
Make things as simple as possible, but not simpler.
by vencat
Thu Jan 26, 2017 7:54 pm
Forum: Investing - Theory, News & General
Topic: International small cap value ETF
Replies: 50
Views: 17120

Re: International small cap value ETF

Doubt you'll be hearing from SmallHi.
He was last active on Sun Nov 14, 2010 6:35 pm.!!!
As I recall he was a strong believer in small value investing/DFA funds and had great discussions with Robert T. I wonder about his take on the 'new' factors.
by vencat
Tue Jan 24, 2017 10:03 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (December 2016)
Replies: 13
Views: 2301

Re: madsinger monthly report (December 2016)

Hi Brad, Thanks for all the great work! Any chance you'll be adding the Larry portfolio, Robert T portfolio or any factor portfolio such as: Larry Portfolio: -70% Intermediate Treasuries or CDs -10% each of DFA SCV (now BOSVX), ISV, and EMV Modified Larry Portfolio (I'm making up the percentages for...
by vencat
Mon Jan 16, 2017 12:21 pm
Forum: Investing - Theory, News & General
Topic: The gulf between MOM fund returns and MOM factor returns
Replies: 30
Views: 1882

Re: The gulf between MOM fund returns and MOM factor returns

You'd achieve a significantly higher value load with iShares S&P SmallCap 600 Value ETF (IJS) for example than combining Guggenheim S&P Smallcap 600 Pure Value ETF (RZV) and iShares Edge MSCI USA Momentum Factor ETF (MTUM) in the right proportions to zero out the net momentum exposure. Exce...
by vencat
Mon Jan 16, 2017 11:50 am
Forum: Investing - Theory, News & General
Topic: The gulf between MOM fund returns and MOM factor returns
Replies: 30
Views: 1882

Re: The gulf between MOM fund returns and MOM factor returns

Personally, I'm more comfortable targeting positive market, size, and value exposure. But also comfortable offsetting a negative portfolio load to momentum through a direct holding of momentum (e.g. through MTUM) with the goal of achieving a zero net momentum exposure at the overall portfolio level...
by vencat
Sun Jan 08, 2017 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Disadvantage of Tax loss harvesting
Replies: 65
Views: 4036

Re: Disadvantage of Tax loss harvesting

Thanks to all for the responses.
I will continue to TLH.
by vencat
Sat Jan 07, 2017 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Disadvantage of Tax loss harvesting
Replies: 65
Views: 4036

Re: Disadvantage of Tax loss harvesting

f I had accumulated $150k tax loss credits, I would undertake a very critical analysis of my purchasing criteria.........Gordon Your point? All of my investing is in Vanguard index funds except for DFA in wife's 401K and Utah 529 Adding context to my situation...this is a post from another thread: ...
by vencat
Sat Jan 07, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Disadvantage of Tax loss harvesting
Replies: 65
Views: 4036

Disadvantage of Tax loss harvesting

I'm an aggressive tax loss harvester and have accumulated over $150,000/- in losses. This statement in a Vanguard article has me concerned. Vanguard research June 2013 Glass half full: The silver lining of capital losses Author Sarah Hammer . investor harvests losses greater than gains plus $3,000 o...
by vencat
Sat Jan 07, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Doctors and retirement
Replies: 67
Views: 7735

Re: Doctors and retirement

What's wrong with aiming for a high(er) retirement net worth? To each his own. My wife and and I are both physicians in our mid 50s with very decent incomes and I've been investing the Boglehead way for about 20 years. So, yes, the upper target is quite possible and relatively close. Main expenses h...
by vencat
Wed Jan 04, 2017 8:36 pm
Forum: Investing - Theory, News & General
Topic: "Academic Research Doesn't Always Make Grade in Real World"
Replies: 47
Views: 4100

Re: "Academic Research Doesn't Always Make Grade in Real World"

Was expecting a stronger response from Larry. Take the simple example of small cap/small cap value which the FFers were stressing for years until the world changed with the new factors. Even the 'lowly' Vanguard funds, Tax Managed small cap and small cap value have beaten Total Stock market for 1, 3...
by vencat
Mon Jan 02, 2017 5:09 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 85
Views: 6849

Re: Tax Loss Harvesting - Is it worth it?

The Vanguard article https://personal.vanguard.com/pdf/s802.pdf mentions the following: "However,since future portfolio positions and tax rates are unknown, it is generally not recommended to harvest losses in excess of current-year gains plus an amount to offset ordinary income." Can some...
by vencat
Wed Nov 23, 2016 10:29 pm
Forum: Investing - Theory, News & General
Topic: Renaissance Technologies - Inside a Moneymaking Machine Like No Other
Replies: 54
Views: 5970

Re: Renaissance Technologies - Inside a Moneymaking Machine Like No Other

'I wonder what Larry would say about this. He comes on here a lot.'

This was my first thought....hope he takes the bait.
by vencat
Sun Nov 13, 2016 9:02 pm
Forum: Investing - Theory, News & General
Topic: Why patience and discipline are key to investing, it's temperament not intellect
Replies: 38
Views: 5460

Re: Why patience and discipline are key to investing, it's temperament not intellect

Robert,
IJS YTD according to Morningstar is 47.86%!!?
Is that real?

Venkat
by vencat
Wed Sep 14, 2016 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: I am going to stop tilting. Sanity check.
Replies: 66
Views: 7054

Re: I am going to stop tilting. Sanity check.

I'm not an expert or a quant but I've favored tilting for many years. 1. Positive experience with 20 years of investing (15 years of tilting) 2. Just check Morningstar. Even the 'lowly' Vanguard small cap value and Tax Managed small cap compares favorably to Total Stock market index and I daresay, D...
by vencat
Sun Sep 11, 2016 9:16 am
Forum: Investing - Theory, News & General
Topic: "Factor investing"
Replies: 234
Views: 24682

Re: "Factor investing"

This may have been the full quote:

And let me say this about a better diversifier: "Better diversification" is the last refuge of the scoundrel. -- Anything that's done well recently is considered a great diversifier.
by vencat
Tue Jun 28, 2016 6:52 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri looking to internationalize his portfolio
Replies: 507
Views: 121748

Re: Rick Ferri looking to internationalize his portfolio

Unrelated but appears that Rick is no longer mentioned in his (former?) company web site Portfolio Solutions.
Has he sold his company?
by vencat
Fri Jan 15, 2016 4:26 pm
Forum: Investing - Theory, News & General
Topic: 2015 Callan Periodic Table of Investment Returns
Replies: 26
Views: 3966

Re: 2015 Callan Periodic Table of Investment Returns

Actually Boglehead Tamales does a better Callan chart:

viewtopic.php?t=180882
by vencat
Wed Jan 06, 2016 2:01 pm
Forum: Investing - Theory, News & General
Topic: Small Value ETF DES
Replies: 3
Views: 737

Re: Small Value ETF DES

Many choices but none as inexpensive as VBR
http://etfdb.com/etfdb-category/small-c ... -equities/
by vencat
Sun Dec 13, 2015 1:55 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1182
Views: 170081

Re: QSPIX - thoughts on interesting fund

Some interesting links regarding QSPIX for newcomers: https://grandstreetwm.wordpress.com/?s=qspix http://www.mutualfundobserver.com/2015/09/aqr-style-premia-alternative-i-qspix-aqr-style-premia-alternative-lv-i-qslix-september-2015/ Personally, I'm watching this fund with interest. Not yet easily a...
by vencat
Thu Oct 29, 2015 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: What price point makes DFA attractive
Replies: 14
Views: 2280

Re: What price point makes DFA attractive

Actual live fund returns show better results than that. The DFA Small Cap Value fund (DFSVX) has an annualized return of 11.8% since its inception in 1993, while the total US stock market (VTSMX) returned only 9.2% annualized -- a realized premium in live funds of more than 2% per year. Really? Hav...
by vencat
Wed Oct 28, 2015 7:22 pm
Forum: Investing - Theory, News & General
Topic: Tax-loss harvesting and switching to cash for 30 days
Replies: 30
Views: 3124

Re: Tax-loss harvesting and switching to cash for 30 days

What is your comment on this from Vanguard Vanguard research June 2013 Glass half full: The silver lining of capital losses Author Sarah Hammer . investor harvests losses greater than gains plus $3,000 of ordinary income, he or she may not have future capital gains to offset those losses, or future ...
by vencat
Wed Oct 28, 2015 7:14 pm
Forum: Investing - Theory, News & General
Topic: Tax-loss harvesting and switching to cash for 30 days
Replies: 30
Views: 3124

Re: Tax-loss harvesting and switching to cash for 30 days

I do practice a form of RBD rebalancing( didn't realize it was called that) and TLH with alternate funds /ETFs rather than cash. My stock allocation usually is about 1 to 5% short of my target (due to drift and paycheck). Understand that the advantages may be slim but it's psychologically satisfying...
by vencat
Wed Oct 28, 2015 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Equivalents to DFA Funds
Replies: 23
Views: 2874

Re: Vanguard Equivalents to DFA Funds

This is a classic from Robert T

viewtopic.php?t=7353

Venkat
by vencat
Sat Oct 24, 2015 7:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: The view from a quantitative perspective
Replies: 15
Views: 3147

Re: Vanguard: The view from a quantitative perspective

How about this apples to orange comparision http://quote.morningstar.com/fund/chart.aspx?t=VMNVX&region=USA&culture=en-US&statePara=%7Bsecurities%3A%5B%7Bn%3A%22Vanguard%20Global%20Minimum%20Volatility%20Admr%22%2Cids%3A%22F00000QHIN%7C0P0000ZN5Q%7CCU%24%24%24%24%24USD%7C1%7C1%7CFO%7C201...
by vencat
Sat Oct 24, 2015 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Equivalents to DFA Funds
Replies: 23
Views: 2874

Re: Vanguard Equivalents to DFA Funds

I use DFA because of my wife's 401K as well as for second 529 plan (Utah) for my kids. DFA vs Vanguard performance is a moving and changing target. Just see Morningstar performance for Large value, small value etc Difference is trivial enough that it is not statistically significant and adviser fee ...
by vencat
Fri Sep 25, 2015 12:01 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1182
Views: 170081

Re: QSPIX - thoughts on interesting fund

Larry, Sorry i got the alpha and beta mixed up. More fuel for the enthusiasts (Robert T may have referenced this earlier): https://grandstreetwm.wordpress.com/2014/01/10/is-this-new-mutual-fund-a-game-changer-part-1 https://grandstreetwm.wordpress.com/2014/01/23/is-this-mutual-fund-a-game-changer-pa...
by vencat
Thu Sep 24, 2015 5:55 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1182
Views: 170081

Re: QSPIX - thoughts on interesting fund

For most of us this is an inaccessible and arguably, unnecessary fund. High minimums, tax inefficiency, high expense ratio and very short history settle it for me. Maybe this is the holy grail of investing fund that was not available when Larry wrote his book: The Quest for Alpha: The Holy Grail of ...
by vencat
Fri Aug 21, 2015 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: With Stock Market heading south
Replies: 95
Views: 13583

Re: With Stock Market heading south

Missed yesterday because of work. Did buy some today though
by vencat
Fri Jul 31, 2015 7:50 pm
Forum: Investing - Theory, News & General
Topic: Factors or Fundamentals?
Replies: 38
Views: 2215

Re: Factors or Fundamentals?

Question for Rick. I know you endorse small and value tilt for those who have the discipline to stick to the strategy. You have been strangely silent about momentum, profitability, quality, low volatility and any other factor I may have missed out. Have you joined the factor bandwagon or are you sti...
by vencat
Sun Jul 26, 2015 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Lesson learned about RBD [Really Bad Day]
Replies: 30
Views: 3666

Re: Lesson learned about RBD [Really Bad Day]

http://home.comcast.net/~rodec/finance/papers/AnalysisRBD.pdf http://www.wsj.com/articles/SB10001424053111904563904576589134168081092 Despite the evidence, I do buy on the dips when I notice them. I'm usually close to my asset allocation and rebalance on major dips. Just a psychological thing. Makes...
by vencat
Tue Jul 07, 2015 8:54 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard's recommended international allocation."
Replies: 63
Views: 8931

Re: "Vanguard's recommended international allocation."

I've been a Boglehead of sorts for at least 19 years. I've been gradually increasing my international allocation both large and small caps especially recently. Hoping to silence the Vanguard portfolio watch caution when I hit 30 percent.
by vencat
Sat Jun 13, 2015 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Indexing don't work outside of USA? [India]
Replies: 7
Views: 1804

Re: Indexing don't work outside of USA? [India]

You could try 'core and explore' strategy. That is, use a base of index funds/ETFs and add active MF especially for mid/small cap area. The following was from a previous post: Goldman Sachs Nifty index ETF (50%), Goldman Sachs Junior BEES ETF (25%), HDFC Midcap Opportunity Growth(25%). (small/mid ca...
by vencat
Sat Apr 11, 2015 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 84
Views: 14724

Re: Two Comma Club

The problem with the 2 comma club is that you want to be in the 8 figure club!!!!
by vencat
Thu Mar 26, 2015 11:45 pm
Forum: Investing - Theory, News & General
Topic: "TIPS. Love them or leave them?"
Replies: 16
Views: 2479

Re: "TIPS. Love them or leave them?"

The usual Boglehead rule for bonds was/is:
50% Total Bond and 50% TIPS. (not getting into tax exempt bonds for high tax bracket).
Has that changed???
by vencat
Thu Feb 12, 2015 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in India
Replies: 17
Views: 4190

Re: Investing in India

MF Utility seems like the ideal platform to hold mutual funds from multiple companies.
I'm not certain you can buy ETFs, though.
by vencat
Wed Feb 11, 2015 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in India
Replies: 17
Views: 4190

Re: Investing in India

Ways to invest in India http://articles.economictimes.indiatimes.com/2011-06-20/news/29679836_1_mutual-funds-fund-companies-offer-online-trading http://profit.ndtv.com/news/cheat-sheet/article-investing-in-mutual-funds-heres-the-cheapest-easiest-way-32829 http://www.fundsindia.com/ http://www.indian...
by vencat
Wed Feb 11, 2015 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in India
Replies: 17
Views: 4190

Re: Investing in India

Please see these previous threads. I have contributed to some of them. http://www.bogleheads.org/forum/viewtopic.php?f=1&t=93075 https://www.bogleheads.org/forum/viewtopic.php?f=1&t=139590 http://www.bogleheads.org/forum/viewtopic.php?f=1&t=128887 https://www.bogleheads.org/forum/viewtop...
by vencat
Sun Feb 01, 2015 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: 2.875% mortgage pay-off financially justifiable?
Replies: 64
Views: 9929

Re: 2.875% mortgage pay-off financially justifiable?

I was in a similar situation. 2.875% for 10 years. Could have paid off long ago. Finally did last month with funds from my Limited Tax Exempt fund. Wife and I feel good about it.
by vencat
Sat Jan 31, 2015 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: What is the best free stock screener?
Replies: 7
Views: 1120

Re: What is the best free stock screener?

Petro, Do you still use the low beta approach for individual stocks? if I recall from years ago you use a mix of Vanguard active funds and a portfolio of low beta stocks. I also vaguely recall something about a tactical strategy or fund....FundX?? in the early 2000s. Were you dabbling with momentum ...

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