Search found 45 matches

by happenstance
Fri Jul 06, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Should you use actively managed funds outside the U.S.?
Replies: 3
Views: 288

Re: Should you use actively managed funds outside the U.S.?

When choosing active management, you have to pick the fund/manager that will outperform all the others. It is impossible to know a priori which one will beat the market, and there are far more losers in the active game than there are winners. Trying to select the outperforming fund based off histori...
by happenstance
Thu Jul 05, 2018 7:43 pm
Forum: Investing - Theory, News & General
Topic: There will be a recession and market downturn
Replies: 58
Views: 3182

Re: There will be a recession and market downturn

Any word of wisdom or guidance from prior experiences for younger folks who are in the accumulating phase on how to be prepared for the recession? Stay the course. Keep investing what you can and rebalance when your IPS dictates (e.g. either with rebalancing bands or periodic dates). And make sure ...
by happenstance
Wed Jul 04, 2018 8:07 am
Forum: Investing - Theory, News & General
Topic: Index Fund vs. ETF for Long Term Investment
Replies: 21
Views: 1683

Re: Index Fund vs. ETF for Long Term Investment

Welcome to the forum! 1. As for long term investment (10+ years) in which I would leave the fund intact, would both ETF and index fund yield the same return? Yes. They are the same fund. 2. Both VTSAX and VTI have the same expense ratio, but VTSAX has the $10,000 minimum (or $3,000 for VTSMX). What'...
by happenstance
Mon Jun 18, 2018 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for a 26 year old?
Replies: 15
Views: 1370

Re: Asset Allocation for a 26 year old?

It sounds like you're off to a great start! Just a couple of thoughts: At Schwab, you could combine the S&P500 and small/medium index into a single total stock market fund (SWTSX). This would simplify your fund selection a little. Many popular Bogleheads authors no longer recommend a dedicated REIT ...
by happenstance
Mon Apr 23, 2018 10:51 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 134
Views: 9731

Re: 2-year AA Munis at Vanguard and Fidelity Today

Another great fixed-income thread from Kevin. A couple of comments/questions: Are you screening out callable bonds in your search? Call options seem like they would create a hassle when managing an individual bond portfolio, especially at the maturities you purchase. Have you only looked on the seco...
by happenstance
Tue Apr 17, 2018 10:25 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 320
Views: 42570

Re: 2-year CDs at Vanguard and Fidelity Today

Thank you for the detailed insights in this thread, Kevin (and SpaceCowboy earlier). It's really helpful to understand your criteria (e.g. 20 bps for each year of maturity) and how you're screening for it with the yield calculations. It has been interesting to see how a brokered CD with commission c...
by happenstance
Thu Apr 12, 2018 12:32 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 320
Views: 42570

Re: 2-year CDs at Vanguard and Fidelity Today

At Vanguard there is a 3-year, SALLIE MAE BANK SALT LAKE CITY UT CD FDIC #58177 2.75% 04/12/21 04/11/18, at 99.55, which is 99.65 for yield of 2.872% at $1 commission, and 99.75 for yield of 2.837% at $2 commission, so a pretty good one if you want to go to three years (I just bought a few in sever...
by happenstance
Wed Mar 07, 2018 12:19 am
Forum: Investing - Theory, News & General
Topic: Comparing Schwab Mutual Funds & ETFs
Replies: 16
Views: 2830

Re: Comparing Schwab Mutual Funds & ETFs

I came across the Dow Jones U.S. Total Stock Market Indices Methodology , which explains the difference between the TSM and Broad indexes, tracked by SWTSX and SCHB respectively: The market representation threshold is 100% of the float-adjusted market capitalization for the U.S. indices. Thus, the D...
by happenstance
Sun Feb 04, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: Comparing Schwab Mutual Funds & ETFs
Replies: 16
Views: 2830

Re: Comparing Schwab Mutual Funds & ETFs

I didn't want to start a new thread for this. Is it possible to get up-to-date Schwab annual reports anywhere online? I can find old reports from Morningstar, but that's it. I would like to figure out what the tax efficiency for the ETF's are (including foreign tax paid). I would also like to figur...
by happenstance
Tue Dec 19, 2017 10:08 am
Forum: Investing - Theory, News & General
Topic: Comparing Schwab Mutual Funds & ETFs
Replies: 16
Views: 2830

Comparing Schwab Mutual Funds & ETFs

In February 2017, Schwab reduced the expenses of its index mutual funds, which have inception dates ~1998, to match the fees of their newer ETF products they introduced ~2009. Unlike Vanguard funds and ETFs, which are typically just different share classes of the same underlying fund, these are two ...
by happenstance
Mon Dec 11, 2017 1:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 54
Views: 5716

Re: Vanguard Security Keys

And if you need to use a security code as an emergency backup when you've lost your security key, that is also a signal to you that you should be extra vigilant about where you're entering your credentials (i.e. make sure you really are on vanguard.com), because you know that you are more susceptib...
by happenstance
Mon Dec 11, 2017 12:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 54
Views: 5716

Re: Vanguard Security Keys

Just enabling security keys isn't enough, you need to change your behavior as well. If your personal rule is that you always log in with your security key, then if an attacker tries to phish security codes, that is a signal to you that something is not right, because you always expect to use the ke...
by happenstance
Mon Dec 11, 2017 11:33 am
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 54
Views: 5716

Re: Vanguard Security Keys

They both provide strong account security. The security key is a technically better though because it cannot be phished. With security codes, a bad actor could trick you into entering the six digits into a convincingly fake website. With a security key, the token generated by the key is cryptograph...
by happenstance
Mon Dec 11, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 54
Views: 5716

Re: Vanguard Security Keys

They both provide strong account security. The security key is a technically better though because it cannot be phished. With security codes, a bad actor could trick you into entering the six digits into a convincingly fake website. With a security key, the token generated by the key is cryptograph...
by happenstance
Mon Dec 11, 2017 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice: Total market vs Larry Portfolio
Replies: 44
Views: 4519

Re: Portfolio advice: Total market vs Larry Portfolio

I see. There's RVZ (Guggenheim S&P SmallCap 600 PureVal ETF) that is way more value loading than VISVX. According to PortfolioVisualizer: * RVZ: Rm-Rf = 1.20; SMB = 1.17; HML = 1.06 * VISVX: Rm-Rf = 0.99; SMB = 0.51; HML = 0.60 RVZ has an expense ration of 0.35% and VISVX is 0.19%. I'm not entirely...
by happenstance
Sun Dec 10, 2017 4:44 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Security Keys
Replies: 54
Views: 5716

Re: Vanguard Security Keys

So is my conclusion correct... a security key does not provide additional security over using security codes? They both provide strong account security. The security key is a technically better though because it cannot be phished. With security codes, a bad actor could trick you into entering the s...
by happenstance
Wed Dec 06, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: New Chromebook user, loving it, quick question
Replies: 14
Views: 1762

Re: New Chromebook user, loving it, quick question

inbox788 wrote:
Wed Dec 06, 2017 11:03 am
You need to be connected to the web, but I use Google Docs for things like this:

https://docs.google.com
Docs does have offline support, which works pretty well on Chromebooks. You just need to have the extension installed into Chrome.
by happenstance
Sun Dec 03, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Yubikey questions
Replies: 17
Views: 2183

Re: Fidelity Yubikey questions

Once is enough to change the email address, password, and disable 2FA. No, you have to call in (and hopefully get past voice verification) to disable 2FA. +1 pertaining to Fidelity, but I think I've seen in other threads Vanguard customers can disable 2FA online, which may be why the Fidelity scena...
by happenstance
Sun Dec 03, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Yubikey questions
Replies: 17
Views: 2183

Re: Fidelity Yubikey questions

It's unfortunately not too hard for a scammer to trick the mobile phone providers customer support people into giving them access to your account. It usually just requires "verifying" the identity with basic information (SSN, DOB, address, etc.), which is basically semi-public information now given...
by happenstance
Sat Dec 02, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Yubikey questions
Replies: 17
Views: 2183

Re: Fidelity Yubikey questions

a bad actor could create a convincing fake website and get you to enter your username, password, and second-factor, which they could harvest and use to compromise your account. In the 30 seconds for which the Symantec VIP code is valid (less than that, really, because it takes time to enter)? I gue...
by happenstance
Sat Dec 02, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Yubikey questions
Replies: 17
Views: 2183

Re: Fidelity Yubikey questions

I'm a bit confused on the reason to use Symantec's product as it's not that good for multi-factor. Just enabling Fidelity's two-factor authentication with your cellphone is as good as Symantec's service. Certainly not my area of expertise, but please explain/clarify why you believe Symantec VIP is ...
by happenstance
Mon Nov 20, 2017 11:47 pm
Forum: Investing - Theory, News & General
Topic: S&P Dow Jones and MSCI Shuffling Tech Stocks
Replies: 0
Views: 301

S&P Dow Jones and MSCI Shuffling Tech Stocks

According to Bloomberg and the WSJ , the two major index providers are creating a new "communications services" sector. It is replacing the existing "telecommunication services," but it may also take some FANG stocks out of the "information technology" sector and Amazon out of "consumer discretionar...
by happenstance
Sun Nov 19, 2017 6:46 pm
Forum: Investing - Theory, News & General
Topic: AI/Machine Learning/Deep Learning in Investing
Replies: 8
Views: 1299

Re: AI/Machine Learning/Deep Learning in Investing

ML trading is really just a branch of quantitative/algorithmic trading, but rather than having the trading algorithm designed by humans, the algorithm is derived by a machine learning system. A stock trading ML model is ultimately about trying to make predictions over some set of features (e.g. stoc...
by happenstance
Wed Nov 15, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab/Fidelity vs BoA Gold: Checking
Replies: 41
Views: 4204

Re: Schwab/Fidelity vs BoA Gold: Checking

My answer (with Schwab Checking as my main checking account) is to not deposit cash. Almost all my purchases, even for a single cup of coffee, are made via credit card. And because I have so few cash purchases, I only go to the ATM about once a month to get cash out. If I get cash back for whatever ...
by happenstance
Sat May 20, 2017 1:43 pm
Forum: Investing - Theory, News & General
Topic: How to Find (or Calculate) 10-Year Average P/E Ratios?
Replies: 3
Views: 536

Re: How to Find (or Calculate) 10-Year Average P/E Ratios?

If you're looking to compute this for the entire market, you can use Robert Shiller's "U.S. Stock Markets 1871-Present and CAPE Ratio" dataset , which has computed monthly P/E and CAPE going back to 1871. For individual firms, it is a bit trickier. Morningstar have the past ten years of P/E for a fi...
by happenstance
Thu May 11, 2017 10:26 am
Forum: Investing - Theory, News & General
Topic: Anyone use Python to analyze their finances?
Replies: 40
Views: 8413

Re: Anyone use Python to analyze their finances?

I'm a software developer and am surprised at the extent some of you are tracking your finances with various scripts. To me, the Boggleheads wiki google sheets spreadsheet is good enough for most everything. If I want to track anything fancier, I can just use Mint or Personal Capital. But maybe I ju...
by happenstance
Mon May 08, 2017 12:28 am
Forum: Investing - Theory, News & General
Topic: Anyone use Python to analyze their finances?
Replies: 40
Views: 8413

Re: Anyone use Python to analyze their finances?

Yes, I use Python extensively for my financial understanding. I keep my data in Google Sheets and then connect it to a Python data platform for running analysis. More detailed, I have: 1) A Google Spreadsheet that contains every transaction, with one fund per tab. I just manually enter my transactio...
by happenstance
Fri Apr 28, 2017 8:15 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Jack Bogle Warns Smart Beta May Be Over-Promising
Replies: 60
Views: 7185

Re: Vanguard's Jack Bogle Warns Smart Beta May Be Over-Promising

This article suffers from a clear lack of definition of what "smart beta" is: do they mean equal weight, low volatility, dividend, quality, multi-factor, fundamental weighting, etc., or all of the above? Arnott's Research Affiliates produces the Fundamental Index series, which can be construed as "s...
by happenstance
Mon Apr 17, 2017 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab ETF Portfolio
Replies: 8
Views: 1193

Re: Schwab ETF Portfolio

I would not hold either SHCZ or SCHH in a taxable account though, since they will yield a fair amount of dividends. The rest of the funds are suitable for either taxable or tax-advantaged accounts. I thought an IRA was considered a tax-advantaged account, since it's to my advantage to defer paying ...
by happenstance
Mon Apr 17, 2017 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab ETF Portfolio
Replies: 8
Views: 1193

Re: Schwab ETF Portfolio

Overall looks good for a Schwab ETF portfolio: Stocks/bonds: 60/40 Equity US/Intl: 75/25 Intl equity Large/Small/EM: 70/10/20 I would not hold either SHCZ or SCHH in a taxable account though, since they will yield a fair amount of dividends. The rest of the funds are suitable for either taxable or t...
by happenstance
Wed Mar 15, 2017 8:51 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 250
Views: 60179

Re: How much international stock? A suggestion.

This is a very interesting thread that has got me thinking about my own allocation. I'm currently 80% equities, and within that 80% domestic, 20% international. I didn't know a whole lot about allocation when I chose that initial 80/20 domestic/intl split, and I don't think there was a strong reason...
by happenstance
Sun Jan 15, 2017 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: SWSSX Schwab Small-Cap Index Fund®
Replies: 16
Views: 2960

Re: SWSSX Schwab Small-Cap Index Fund®

I do like the looks of SLYV the only negative would be I would have to pay a commission. And thanks for the explanation relating to the holding screening method of FNDA. If you plan on holding SLYV in taxable, be aware that it has in the past few years been throwing off a lot of distributions. I ha...
by happenstance
Wed Nov 16, 2016 7:35 pm
Forum: Investing - Theory, News & General
Topic: Mark your calendar for year-end fund distributions
Replies: 20
Views: 3706

Re: Mark your calendar for year-end fund distributions

Cool. Does anyone know where I can find comparable information for Schwab? Every year, dividends appear in my account at some point in December, but I dislike having to log in every day to see if they've arrived so I can go ahead and reinvest them (I don't like having cash sitting uninvested in my ...
by happenstance
Sun Jul 17, 2016 10:29 am
Forum: Investing - Help with Personal Investments
Topic: TLH fund/etf swap [Tax Loss Harvesting]
Replies: 4
Views: 606

Re: TLH fund/etf swap [Tax Loss Harvesting]

I am thinking of the following exchanges...mutual funds for etfs... SWISX -> SCHF SWSSX -> SCHA Questions: Is this reasonable and outside the "substantially identical" criteria that might trigger wash-sale rules? If not, what alternative funds or etf's would you suggest? As you note, a wash sale is...
by happenstance
Tue May 24, 2016 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: SLYV large distributions [SPDR S&P 600 Small Cap Value]
Replies: 8
Views: 1425

Re: SLYV large distributions [SPDR S&P 600 Small Cap Value]

I agree that the Fundamental Indexing approach is an interesting way to capture the value premium (I'm using FNDE already :happy ). But I'm not sure FNDA is the right choice compared to RZV, if one is constructing a portfolio using factor loadings and style boxes. It would take a larger position in...
by happenstance
Mon May 23, 2016 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: SLYV large distributions [SPDR S&P 600 Small Cap Value]
Replies: 8
Views: 1425

Re: SLYV large distributions [SPDR S&P 600 Small Cap Value]

Thanks all for the replies. Glad I'm not alone in my observations about SLYV. I use FNDA. I like that it's not as much of a sector bet but rather holds stocks that are a value for their industries/economic footprint. Also, it doesn't have the negative momentum of RZV I believe. Plus it's commission-...
by happenstance
Sun May 22, 2016 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: SLYV large distributions [SPDR S&P 600 Small Cap Value]
Replies: 8
Views: 1425

SLYV large distributions [SPDR S&P 600 Small Cap Value]

I'm running out of my tax-advantaged space at Vanguard to hold US Small-Cap Value, so I'm looking to start a position in my taxable account at Schwab. Doing my own research and combing over dozens of threads here, I've narrowed it down to these funds for US-SCV at Schwab: RZV - Guggenheim S&P SmallC...
by happenstance
Sat May 14, 2016 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: The Intelligent Investor
Replies: 14
Views: 2562

Re: The Intelligent Investor

The Intelligent Investor was the first book on investing I read, and as others have noted, it does require some amount of fortitude to get through (I have 21 pages of notes/highlights from this book!). It is definitely in line with Bogleheads philosophy and I credit the book to turning me onto it. ...
by happenstance
Sun Apr 17, 2016 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Planning for 2016
Replies: 8
Views: 2018

Re: Tax Planning for 2016

thanks, if I buy a vanguard muni fund, would I get the state tax benefit too? thanks! For muni bonds, I would recommend a vanguard fund like: https://personal.vanguard.com/us/funds/snapshot?FundId=0543&FundIntExt=INT https://personal.vanguard.com/us/funds/snapshot?FundId=0042&FundIntExt=INT https:/...
by happenstance
Wed Apr 06, 2016 9:52 pm
Forum: Investing - Theory, News & General
Topic: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)
Replies: 83
Views: 13094

Re: Specific question regarding relative tax efficiency (VSS, VWO, VBR)

This looks like a really set of useful calculations to run, thank you for sharing! Can you explain where you find the breakout for the yearly dividend distribution, LTCG, and STCG? I've been trying to find this info on Vanguard's (and Schwab's for that matter) website, but haven't been able to find...
by happenstance
Tue Apr 05, 2016 7:56 am
Forum: Investing - Theory, News & General
Topic: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)
Replies: 83
Views: 13094

Re: Specific question regarding relative tax efficiency (VSS, VWO, VBR)

This looks like a really set of useful calculations to run, thank you for sharing! Can you explain where you find the breakout for the yearly dividend distribution, LTCG, and STCG? I've been trying to find this info on Vanguard's (and Schwab's for that matter) website, but haven't been able to find...
by happenstance
Mon Apr 04, 2016 8:04 am
Forum: Investing - Theory, News & General
Topic: Relative tax efficiency including Foreign Tax Credit (VSS, VWO, VBR, etc.)
Replies: 83
Views: 13094

Re: Specific question regarding relative tax efficiency (VSS, VWO, VBR)

Here are the corrected figures from above; only BND should be affected. https://i.imgur.com/yr9uhJ3.png https://i.imgur.com/IeIXXhC.png This looks like a really set of useful calculations to run, thank you for sharing! Can you explain where you find the breakout for the yearly dividend distribution...
by happenstance
Thu Nov 05, 2015 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Comparing expense ratios and ETF trade commissions
Replies: 7
Views: 876

Re: Comparing expense ratios and ETF trade commissions

1) Is my naïve analysis correct? No. What matters is your holding period and the size of each investment. Since neither appears explicitly in the above it must be wrong. Suppose you invest $1000 at a time (it does not matter if this is once a month or once a year or just once) and will hold for 5 y...
by happenstance
Thu Nov 05, 2015 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Comparing expense ratios and ETF trade commissions
Replies: 7
Views: 876

Re: Comparing expense ratios and ETF trade commissions

I just used Excel to do the brute-force method, so probably not too helpful on the "how to" portion. I did use these numbers for the calculations - $2500 (- fee if applicable) to start, then at the beginning of each subsequent period (1 period = 1 trade) added $6000/(# trades/yr) less the fee. At t...
by happenstance
Wed Nov 04, 2015 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Comparing expense ratios and ETF trade commissions
Replies: 7
Views: 876

Comparing expense ratios and ETF trade commissions

Hi, First-time poster; long-time lurker. I’m a NYC resident, in a high federal tax bracket, also subject to AMT. My primary investment strategy is pre- and after-tax paycheck contributions to 401k/Roth IRA at Vanguard. However I periodically invest excess cash in a taxable account at Schwab. I don’t...