Search found 125 matches

by wije
Mon Jun 19, 2017 7:15 pm
Forum: Investing - Theory, News & General
Topic: Opinions on this new fund: suitability for EM small and value
Replies: 20
Views: 2819

Re: Opinions on this new fund: suitability for EM small and value

Ok, aside from the small value benefit of EYLD, what about the buyback aspect? By buying back shares, the companies in the fund are reducing EPS dilution:

http://www.businessinsider.com/chart-of ... rns-2012-8
by wije
Sun Jun 18, 2017 1:57 pm
Forum: Investing - Theory, News & General
Topic: A Current Perspective on Global Growth
Replies: 24
Views: 1801

Re: A Current Perspective on Global Growth

This is line with the standard definition of the P/E ratio, which uses earnings-per-share in the denominator — as best I know. This makes it all the more frustrating how Morningstar and others provide "Long-Term Earnings %" but not on a per-share basis. Using the information you gave and ...
by wije
Thu Jun 15, 2017 8:58 pm
Forum: Investing - Theory, News & General
Topic: A Current Perspective on Global Growth
Replies: 24
Views: 1801

Re: A Current Perspective on Global Growth

Simplegift wrote:Not earnings-per-share alone, but price/earnings-per-share (P/E):

Ok I feel a bit dumb now, I had thought the E in P/E was total corporate earnings, not per share.
by wije
Thu Jun 15, 2017 4:34 pm
Forum: Investing - Theory, News & General
Topic: A Current Perspective on Global Growth
Replies: 24
Views: 1801

Re: A Current Perspective on Global Growth

This suggests that investing in growth countries is not necessarily the best way to success. Note that small growth is known as a "black hole". I've always seen EM as "value" investments given their low CAPE 10s, PEGYs and P/Bs compared to most developed markets and believed the...
by wije
Thu Jun 15, 2017 4:30 pm
Forum: Investing - Theory, News & General
Topic: A Current Perspective on Global Growth
Replies: 24
Views: 1801

Re: A Current Perspective on Global Growth

Not all emerging markets have share dilution of 15%-30% per year — but it's a hazard of investing in fast-growing emerging economies, where the interests of existing shareholders are not necessarily paramount. Investors prosper not on earnings growth, but on growth in earnings per share. Sigh, so i...
by wije
Wed Jun 14, 2017 4:49 pm
Forum: Investing - Theory, News & General
Topic: A Current Perspective on Global Growth
Replies: 24
Views: 1801

Re: A Current Perspective on Global Growth

if china and india are so large, why isn’t this translating into a larger allocation to those countries in Vanguard Total Int'l? The difference is that most developed countries are much more highly “equitized” than emerging countries. Their equity markets have been around longer, and have played a ...
by wije
Wed Jun 07, 2017 5:40 am
Forum: Investing - Theory, News & General
Topic: E*Trade Account Closure fees
Replies: 17
Views: 1582

Re: E*Trade Account Closure fees

Noob question, but why close an IRA account? The closure fees are always higher than a simple transfer fee.
by wije
Sun Jun 04, 2017 10:18 pm
Forum: Investing - Theory, News & General
Topic: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index
Replies: 29
Views: 3676

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

You are right, of course: I know I don't know. And surely know very little about China. In this case though I don't intend it as a market timing move but as an attempt to give a more correct evaluation of A-share real market capitalization: the MSCI current proposal (0.5% of the EM Index) is clearl...
by wije
Tue May 30, 2017 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Entry onto Robotic Investing
Replies: 2
Views: 506

Re: Entry onto Robotic Investing

If I had to pick a robotics ETF, I'd go with BOTZ- one of the rare times I'd pick market cap over equal weighting. BOTZ allocates more to the big players that are generally outside the US: https://www.theverge.com/2017/3/15/14935360/automation-robots-ai-manufacturing-future-sxsw-2017 The problem wit...
by wije
Mon May 29, 2017 7:42 pm
Forum: Personal Consumer Issues
Topic: Freezer not freezing
Replies: 6
Views: 511

Freezer not freezing

I've had a fridge which came with our house for over 7 years. Recently I've noticed some items aren't freezing completely. The ice box has frozen water on the bottom, indicating ice cubes would melt and then refreeze.

Is this a problem worth fixing, or should I get into the market for a new fridge?
by wije
Wed May 24, 2017 6:08 am
Forum: Investing - Theory, News & General
Topic: Moody's cuts China's credit rating
Replies: 7
Views: 1158

Re: Moody's cuts China's credit rating

And how did Moody's rate our banks prior to the 2008 subprime collapse?
by wije
Sun May 21, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Insurance for visiting the US
Replies: 5
Views: 680

Medical Insurance for visiting the US

My 69 year-old mother-in-law is visiting the US from another country for about four months, and I don't think my plan will cover her because it's "Self Plus One." Has anyone here had experience getting travel medical insurance for visiting relatives or friends?
by wije
Tue May 16, 2017 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: Artificial Intelligence ETF
Replies: 12
Views: 1585

Re: Artificial Intelligence ETF

Leo, I basically agree with nisiprius, especially the parts where he argued whatever future premium will be already baked into the price (ie tons of other people also had the great idea to invest in AI). Nanalyze.com is a decent website that discusses future trends. I don't agree with all their inve...
by wije
Sat May 13, 2017 10:59 am
Forum: Investing - Theory, News & General
Topic: Case against long-term TIPS
Replies: 47
Views: 7677

Re: Case against long-term TIPS

I'd like to revive this thread because I'm considering adding LTPZ to diversify my portfolio (NOT as a standalone investment). I see that LTPZ has a high correlation with nominal bonds which leads me to question the benefit of choosing this over EDV or ZROZ. Thoughts?
by wije
Wed May 03, 2017 12:52 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe Article On Enhancing Momentum Strategies
Replies: 60
Views: 5731

Re: Larry Swedroe Article On Enhancing Momentum Strategies

The evidence supporting the existence of an equity risk factor is persistent across time, pervasive around the globe and across asset classes, robust to various definitions, and implementable. One of the critiques of this factor is that it has a dark side, being subject to crashes such as the one t...
by wije
Fri Apr 21, 2017 9:13 pm
Forum: Personal Consumer Issues
Topic: Improving my Math Skills
Replies: 27
Views: 3197

Re: Improving my Math Skills

What sort of math skills would help the most in investing?
by wije
Sat Apr 15, 2017 7:53 am
Forum: Investing - Theory, News & General
Topic: Merrill Lynch advisory fees
Replies: 22
Views: 1893

Re: Merrill Lynch advisory fees

BogleFanGal wrote:Guess what? We were just hit with a $50 "account closing" fee when we transferred to Vanguard this year and they're refusing to refund it, claiming that's their standard policy.

I think that fee is pretty standard for many retirement account brokerages.
by wije
Sat Apr 15, 2017 6:57 am
Forum: Investing - Help with Personal Investments
Topic: Allocation Decisions: LENDX, SRRIX and QSPIX
Replies: 45
Views: 3243

Re: Allocation Decisions: LENDX, SRRIX and QSPIX

Our advisor is one of the low cost advisors. They offer various levels of service. We go with their bare bones service which is low cost but it doesn't provide a lot of extra hand holding. It's probably not for everyone but it works for us. Actually that sounds right up my alley. If you don't mind ...
by wije
Fri Apr 14, 2017 6:32 am
Forum: Investing - Help with Personal Investments
Topic: Alternative sources of return
Replies: 11
Views: 1043

Re: Alternative sources of return

I'm not seeing SCIX's low correlation to the market. It seems to track with AAXJ which is a cap weighted (beta) fund from a similar list of countries. Actually, SCIX mostly covers developed countries like Australia and Singapore, so it would make more sense to compare with PAF or VPL. On portfoliov...
by wije
Thu Apr 13, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Alternative sources of return
Replies: 11
Views: 1043

Re: Alternative sources of return

SCIX has a remarkably low correlation with the market. Also there's GHS and GHE for a gold overlay over equity. Their liquidity isn't great, though.
by wije
Mon Apr 10, 2017 5:55 pm
Forum: Investing - Theory, News & General
Topic: Vanguard VWO - no Samsung or South Korea
Replies: 17
Views: 1529

Re: Vanguard VWO - no Samsung or South Korea

retiredjg wrote:I think my guess was right. The FTSE Developed Markets ETF VEA contains Samsung/Korea.

And VPL I believe, if you just want non-EM Asia/Pacific.
by wije
Sun Apr 09, 2017 4:48 pm
Forum: Investing - Theory, News & General
Topic: Part 2 of the series on alternative sources, this one on alternative lending
Replies: 16
Views: 1740

Re: Part 2 of the series on alternative sources, this one on alternative lending

larryswedroe wrote:There is no minimum

Larry, thanks for answering but let me change my wording: What minimum do most RIAs require to invest with them?
by wije
Sat Apr 08, 2017 7:27 am
Forum: Investing - Theory, News & General
Topic: Part 2 of the series on alternative sources, this one on alternative lending
Replies: 16
Views: 1740

Re: Part 2 of the series on alternative sources, this one on alternative lending

First, either Stone Ridge product must be purchased by an advisor approved by Stone Ridge through them on behalf of the investor, and they can only be bought on certain dates. LENDX is once a month with advance notice (think several weeks) and SRRIX just three times per year (Jan, March and May if ...
by wije
Thu Apr 06, 2017 9:23 pm
Forum: Investing - Theory, News & General
Topic: Alts:new sources of risk/return improve portfolio efficiency
Replies: 119
Views: 8376

Re: Alts:new sources of risk/return improve portfolio efficiency

Larry, how would you rank-order SRRIX, LENDX, and QSPIX, and why? Any other good alt-funds I missed?
by wije
Thu Apr 06, 2017 5:08 pm
Forum: Investing - Theory, News & General
Topic: PurePoint 1.25% online savings $10K min
Replies: 54
Views: 9188

Re: PurePoint 1.25% online savings $10K min

Gamma Ray wrote:How about Memory Bank with 1.5% up to $250k?

http://www.mymemorybank.com/home/earnmore-account
Forget it, it says 1st year..

Also you have to do monthly direct deposits and debit transactions. No thanks!
by wije
Mon Mar 27, 2017 5:51 am
Forum: Investing - Theory, News & General
Topic: Blog on emerging Markets, and investors underweighting them
Replies: 103
Views: 7156

Re: Blog on emerging Markets, and investors underweighting them

I don't understand why people TRUST emerging markets so strongly with many run by dictators, where corruption is rife. Why do you people trust the accounting books in Russia or China? Everyone should invest U.S.-only because there is zero corruption and fraud here. The 2008 financial crash was a gr...
by wije
Mon Mar 27, 2017 5:42 am
Forum: Investing - Theory, News & General
Topic: Blog on emerging Markets, and investors underweighting them
Replies: 103
Views: 7156

Re: Blog on emerging Markets, and investors underweighting them

A survey by EY (Ernst & Young) last year found that 56 percent of Chinese executives polled said unethical behavior could be justified to help a company survive a downturn, compared with 36 percent globally. http://www.bloomberg.com/amp/news/articles/2017-01-27/china-s-bond-market-has-a-forgery...
by wije
Tue Mar 21, 2017 7:42 pm
Forum: Investing - Theory, News & General
Topic: Why do people invest in Long Term Bonds now?
Replies: 51
Views: 7748

Re: Why do people invest in Long Term Bonds now?

integrity wrote:I'm interested to know what people think now that we're officially in an interest rate rising (slowly) environment again.

How did EDV or ZROZ do for about six months after the rate increased in Dec 2015?
by wije
Tue Mar 14, 2017 9:10 pm
Forum: Investing - Theory, News & General
Topic: Merriman article: 12 things every investor should know...
Replies: 43
Views: 5530

Re: Merriman article: 12 things every investor should know...

So if you decide to go this route you probably need to put your money into a new, small fund that can buy the really tiny/value companies but then somehow know when they've grown too big and move your money out... sounds like timing to me. We also know that if you look over the last 100 or so years...
by wije
Mon Feb 06, 2017 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Why Wouldn't You Want International Stocks?
Replies: 96
Views: 8063

Re: Do You Really Need International Stocks?

^^ That Japan argument never made sense to me for two reasons: The Japan argument doesn't apply so much to the US because of globalism. If the US falls, most of the rest of the world will fall as well. On portfoliovisualizer.com, SPY has .92 correlation with VEU so there isn't fantastic diversifica...
by wije
Fri Feb 03, 2017 11:30 pm
Forum: Investing - Theory, News & General
Topic: STAR Fund
Replies: 11
Views: 2314

Re: STAR Fund

I love STAR fund because it covers so much ground with 11 underlying active funds and the ER is still low compared to any other option. See that's my problem with STAR, there are so many funds why not just go with TSM? I wish I could get access to Primecap, but not if I was forced to put more money...
by wije
Sun Jan 29, 2017 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: switching HSBC accounts
Replies: 1
Views: 336

switching HSBC accounts

If I set up a HSBC Advance Checking account, could I switch to Choice Checking, which has only a $1,500 minimum balance, without paying the early account closure fee?
by wije
Mon Jan 02, 2017 11:44 am
Forum: Investing - Theory, News & General
Topic: Diversifying SCV with MTUM: yea or nay?
Replies: 29
Views: 1952

Re: Diversifying SCV with MTUM: yea or nay?

According to Larry and others, momentum tends to be negatively correlated to value... Are you sure Larry said they are negatively correlated? I can understand low correlation, but negative correlation is a different animal. On portfoliovisualizer.com, MTUM and IJS have .72 correlation. Although tha...
by wije
Mon Dec 19, 2016 10:56 pm
Forum: Investing - Theory, News & General
Topic: leveraging equities with gold
Replies: 5
Views: 758

Re: gold hedging

Don't get me wrong: there are certain advantages to having the leverage all handled in a fund and not having to do the dirty work yourself, in addition to not having to deal with potentially unwieldy contract sizes if your total assets are lower 6 figures and under. Thanks lack_ey. My total assets ...
by wije
Sun Dec 18, 2016 3:25 pm
Forum: Investing - Theory, News & General
Topic: leveraging equities with gold
Replies: 5
Views: 758

leveraging equities with gold

I understand the general consensus here opposes precious metals (which don't give dividends and are basically speculation not investments), but what about overlaying equity investments with futures? I've never heard this idea before and would welcome everyone's thoughts: Why Gold Hedged Investing? h...
by wije
Sun Nov 13, 2016 10:18 pm
Forum: Personal Consumer Issues
Topic: Best way to visit NYC from DC
Replies: 33
Views: 2804

Re: Best way to visit NYC from DC

Everyone, thank you for your responses. I think I'll go with Amtrak regional, and Bolt Bus as my backup plan. What kind of a tourist are you? My wife is an art person (she had studied fashion design, it's a shame we don't live in NYC). However, she's pretty low-maintenance and is up for anything. In...
by wije
Tue Nov 08, 2016 6:42 am
Forum: Personal Consumer Issues
Topic: Best way to visit NYC from DC
Replies: 33
Views: 2804

Best way to visit NYC from DC

I'm planning a weekend trip with my wife; it'll be her first visit to the Big Apple. Given the difficulties in parking and tolls, I'm thinking of taking the bus to Port Authority, and from there rely on the subway to get around. Any thoughts on good places to stay or things to see? Or any other advi...
by wije
Fri Oct 21, 2016 6:08 am
Forum: Investing - Theory, News & General
Topic: africa etf's and mutual funds
Replies: 9
Views: 1041

Re: africa etf's and mutual funds

To answer your question, the thought of investing is always there. Forget ETFs/Index/Mutual/Sector funds. The money at the moment is to be made in real estate, at least in Kenya which is on a construction boom. You have to be boots on ground to do this, forget the remote control strategy. What do y...
by wije
Sun Oct 09, 2016 4:11 pm
Forum: Investing - Theory, News & General
Topic: Dilbert Sums Up Exactly How I feel at times
Replies: 34
Views: 4893

Re: Dilbert Sums Up Exactly How I feel at times

Dilbert has covered a number of funny and accurate takes on the stock market and investment professionals. You can browse many of them via Google: https://www.google.com/search?q=dilbert+stock+market&tbm=isch Thanks Tanelorn. Here are some of my favorite: http://dilbert.com/strip/2014-12-15 htt...
by wije
Wed Sep 07, 2016 7:13 pm
Forum: Investing - Theory, News & General
Topic: Diversify Internationally Using Fundamental Indexation?
Replies: 10
Views: 1268

Re: Diversify Internationally Using Fundamental Indexation?

UK Eurozone Switzerland Canada Japan Asia ex-Japan Fundamental or equal weight EM Us Small or US Small Value (since almost all of the single country or niche funds are large cap). Why parse Switzerland and Canada separately? For EM, I think E*Trade has the best commission-free ETFs. It has country ...
by wije
Tue Sep 06, 2016 5:31 pm
Forum: Personal Consumer Issues
Topic: Visiting Peru/Machu Picchu
Replies: 16
Views: 1299

Re: Visiting Peru/Macchu Picchu during Columbus Day?

mptfan wrote:Does the U.S. shut down for Columbus Day?

The federal government does:
http://www.officeholidays.com/countries/usa/
by wije
Tue Sep 06, 2016 5:28 pm
Forum: Personal Consumer Issues
Topic: Visiting Peru/Machu Picchu
Replies: 16
Views: 1299

Re: Visiting Peru/Macchu Picchu during Columbus Day?

It seems I looked at the wrong website for Columbus Day. Instead of the Embassy of Peru in the US, I accidentally consulted the US Embassy in Peru! Maybe it's my age, but I had thought Latin American countries took Columbus a lot more seriously than us: https://en.wikipedia.org/wiki/Columbus_Day#Lat...
by wije
Tue Sep 06, 2016 4:52 am
Forum: Personal Consumer Issues
Topic: Visiting Peru/Machu Picchu
Replies: 16
Views: 1299

Visiting Peru/Machu Picchu

Hello, I'm planning a week-long trip to see Macchu Picchu in October before it gets too rainy. My wife is a foreign national and will have to get a visa. Would it be better to reserve flights + hotel here and then set up a tour when we get to Cuzco, which I think would cut costs, or to arrange every...
by wije
Sun Aug 21, 2016 9:28 am
Forum: Investing - Help with Personal Investments
Topic: What to do with VGPMX (Vanguard Precious Metals and Mining)?
Replies: 129
Views: 20865

Re: What to do with VGPMX (Vanguard Precious Metals and Mining)?

Runalong wrote:I took my own advice and invested heavily in VGPMX at that time and it has approximately doubled since then.

How did you time it right (i.e. know that it wasn't going to drop further)?
by wije
Sat Aug 13, 2016 4:16 pm
Forum: Investing - Theory, News & General
Topic: The Mandibles: A Family, 2029-2047
Replies: 19
Views: 3452

Re: The Mandibles: A Family, 2029-2047

Are the reviews true in claiming the book focuses on the dangers of immigrants and the Spanish language (gasp!) to national security?
by wije
Fri Aug 05, 2016 10:34 pm
Forum: Investing - Theory, News & General
Topic: Global value funds?
Replies: 21
Views: 2653

Re: Global value funds?

daffyd wrote:Funnily enough Vanguard have a global value strategy but it's a ucits fund suitable for Europe/UK purchasers (tax consequences would be horrible for a US person).

I find it odd how Vanguard's VYMI is more valuey than its int'l value fund VTRIX.
by wije
Wed Aug 03, 2016 10:55 am
Forum: Personal Consumer Issues
Topic: lab fees /w HSA
Replies: 7
Views: 629

lab fees /w HSA

I had to go to the dermatologist because a lot of hair was falling out all of a sudden, and they sent me to a lab. Two weeks later GEHA told me the fees were $1,750, none of which they'd cover! I looked at the GEHA HDHP brochure and it says it only starts to cover lab fees after the deductible is me...
by wije
Thu Jul 28, 2016 4:35 pm
Forum: Investing - Theory, News & General
Topic: investing in fertilizer companies
Replies: 4
Views: 482

investing in fertilizer companies

On Morningstar I was amazed by the long-term earnings %s for fertilizer companies and ETFs like SOIL (dividend yield wasn't bad either). Any reason against tilting towards the fertilizer companies (not commodities futures!)?
by wije
Sun Jul 24, 2016 2:45 pm
Forum: Investing - Theory, News & General
Topic: King Solomon was the original Boglehead - historically speaking
Replies: 28
Views: 2355

Re: King Solomon was the original Boglehead - historically speaking

"Sow your seed in the morning, and at evening let your hands not be idle, for you do not know which will succeed, whether this or that, or whether both will do equally well." (AA, diversification) Sorry I didn't see how sowing seed in the morning is AA or diversification. Sounds like mark...
by wije
Tue Jul 19, 2016 6:04 am
Forum: Investing - Theory, News & General
Topic: Adding value by combining value and Momentum
Replies: 35
Views: 3210

Re: Adding value by combining value and Momentum

Personally I hold VBR, VOE and MTUM and the correlations do seem be relatively low in the short term. Whether they'll compliment each other in the longer term seems far less certain. On portfoliovisualizer.com, MTUM has .85 and .81 correlations with VOE and VBR, respectively (BTW the latter two are...

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