Search found 4706 matches

by triceratop
Mon Sep 17, 2018 7:53 pm
Forum: Investing - Theory, News & General
Topic: Unchanging opinions
Replies: 25
Views: 1997

Re: Unchanging opinions

Please comment on today's WSJ Real Time Economics posting: "We find that ... individuals are reluctant to incorporate new information. ... OP, my comment is that this reveals - at long last and not a moment too soon -the source of confirmation bias. What is your comment? My comment is that it makes...
by triceratop
Mon Sep 17, 2018 7:18 pm
Forum: Investing - Theory, News & General
Topic: Unchanging opinions
Replies: 25
Views: 1997

Re: Unchanging opinions

In my field replication is not an issue. If I need to replicate a simulation, I can re-run the program or tweak some parameter to show robustness and that the idea I had is not a coincidence. Most code ends up open source, and in any case the ideas are all there to be evaluated in the paper. A lot o...
by triceratop
Mon Sep 17, 2018 2:33 pm
Forum: Investing - Theory, News & General
Topic: SLYV vs IJS [SPDR vs. iShares S&P 600 Small Cap Value]
Replies: 57
Views: 3655

Re: SLYV vs IJS [SPDR vs. iShares S&P 600 Small Cap Value]

It turned out I was trying to buy using limit orders in a period where the price was escalating, That's what I got from your experience. Not enough sellers. If I put in a limit order to buy IJS at $1/share how long will that take to execute? Is the problem that there are not enough sellers? chisey ...
by triceratop
Mon Sep 17, 2018 1:45 pm
Forum: Investing - Theory, News & General
Topic: SLYV vs IJS [SPDR vs. iShares S&P 600 Small Cap Value]
Replies: 57
Views: 3655

Re: SLYV vs IJS [SPDR vs. iShares S&P 600 Small Cap Value]

It's true that VIOV has fewer trades, but the trades it DOES have are executing very close to the IV (as you'd expect for a liquid ETF). Thanks, I just notice that the trades themselves are indeed very close to the IV. It is only the time between trades where the lines diverge. Linear interpolation...
by triceratop
Sun Sep 16, 2018 6:01 pm
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 94
Views: 15262

Re: 2017 Relative Tax Efficiency

If Morningstar was right so much about things they wouldn't be wrong so much. I enjoy the name being different than tax cost ratio (TCR), because as it is I know whenever cites something called a TCR their data is likely flawed at the source.
by triceratop
Sun Sep 16, 2018 4:03 pm
Forum: Investing - Theory, News & General
Topic: SLYV vs IJS [SPDR vs. iShares S&P 600 Small Cap Value]
Replies: 57
Views: 3655

Re: SLYV vs IJS [SPDR vs. iShares S&P 600 Small Cap Value]

My concern is with the bid/ask spread. And low volume would intend to increase that spread. I think the problem is that you have not justified why this is the case. It appears to be a tenuous case, since VIOV has spreads very cloes to IJS despite substantially lower volume. Why? This is the thesis ...
by triceratop
Sun Sep 16, 2018 11:49 am
Forum: Personal Consumer Issues
Topic: Using Lastpass as your password manager
Replies: 34
Views: 3538

Re: Using Lastpass as your password manager

I would love it if a password manager worked with Yubikey and would jump on it in a heartbeat. Until then... Shakespeare: “Striving to better, oft we mar what's well.” There is such a password manager and I use it every day (as I mentioned above, sorry to repeat myself). It’s called password-store ...
by triceratop
Sun Sep 16, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Using Lastpass as your password manager
Replies: 34
Views: 3538

Re: Using Lastpass as your password manager

I would love it if a password manager worked with Yubikey and would jump on it in a heartbeat. Until then... Shakespeare: “Striving to better, oft we mar what's well.” There is such a password manager and I use it every day (as I mentioned above, sorry to repeat myself). It’s called password-store ...
by triceratop
Sun Sep 16, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 94
Views: 15262

Re: 2017 Relative Tax Efficiency

Thanks for collecting the data. Question: Doesn't the number in the "tax efficiency" row of the spreadsheet reflect the yearly "tax cost" of holding the fund? This got me confused because normally the higher the number for efficiency, the more desirable it is. In this case, it is the opposite -- th...
by triceratop
Sun Sep 16, 2018 12:13 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 731
Views: 68887

Re: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)

What does that excerpt have to do with Fidelity being incapable of maintaining its own index?
by triceratop
Sat Sep 15, 2018 11:12 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 731
Views: 68887

Re: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)

No, I don't think Vanguard has such expertise. And that's why Vanguard doesn't create its own indexes but relies on organizations like CRSP and FTSE that have extensive expertise. And doesn't Vanguard sell said index funds with their name on it? If so, how is that different than what Fidelity has d...
by triceratop
Sat Sep 15, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: SLYV vs IJS [SPDR vs. iShares S&P 600 Small Cap Value]
Replies: 57
Views: 3655

Re: SLYV vs IJS [SPDR vs. iShares S&P 600 Small Cap Value]

Useful information: ETF Basics: The Creation and Redemption Process and Why It Matters

A key thing to understand is that volume is not synonymous with liquidity.
by triceratop
Fri Sep 14, 2018 2:32 pm
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 94
Views: 15262

Re: 2017 Relative Tax Efficiency

I agree fully with Chip and would not have been able to say it better.
by triceratop
Fri Sep 14, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: Take your canes out in Emerging Markets
Replies: 30
Views: 4720

Re: Take your canes out in Emerging Markets

For ppl that need help with a narrative that the future might be different than present China Is Overtaking the U.S. in Scientific Research Thirty years ago in December, the modern exchange of scholars between the U.S. and China began. Since then, Chinese academics have become the most prolific glo...
by triceratop
Thu Sep 13, 2018 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Growth ETF's
Replies: 4
Views: 331

Re: Tax Efficient Growth ETF's

I would not select my equity asset allocation based on the tax cost of dividend yields. However, I would, and do, avoid VXUS in favor of IXUS for international stocks in taxable brokerage accounts.

My recommendation: VTI, ITOT, IXUS.
by triceratop
Thu Sep 13, 2018 7:05 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 731
Views: 68887

Re: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)

tj wrote:
Thu Sep 13, 2018 7:04 pm
isn't it obvious that the only difference is in the early part of the graph?
Not obvious enough. My post should clear that up for those who still don't see it.
by triceratop
Thu Sep 13, 2018 7:02 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 731
Views: 68887

Re: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)

Daitokuji wrote:
Thu Sep 13, 2018 6:58 pm
I did a comparison of the results on morning star and you can see it is the sole laggard. Should it not be appropriate to evaluate the results yet?

https://imgur.com/yETapIm
Now try a 1mo return, that is, excluding the first few days of existence.

Image
by triceratop
Wed Sep 12, 2018 5:08 pm
Forum: Investing - Theory, News & General
Topic: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy
Replies: 25
Views: 2375

Re: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy

1 billion since launch, Aug 1 So $1 billion growth in a little under six weeks is at the pace of about $9 billion annually. At that rate, it would take them 122 years to match Vanguard's current assets in these two fund types. A billion sounds like a lot to the layperson, but in the investment worl...
by triceratop
Tue Sep 11, 2018 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Working until the end of January for Roth contribution
Replies: 20
Views: 1584

Re: Working until the end of January for Roth contribution

Does it still make sense to make pre-tax contributions for a year where you will be retired? Do you expect your taxable income to be the same? It may not make sense to proceed as you otherwise would in a previous working year.
by triceratop
Tue Sep 11, 2018 12:54 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 15997

Re: Why Bull Markets Are Dangerous

I will not be changing my portfolio because my portfolio happens to hit those values.
by triceratop
Tue Sep 11, 2018 12:41 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 15997

Re: Why Bull Markets Are Dangerous

I'll take your bait. $500000 more (30 years, $1000/month investment, using a 1% larger return for 100% stock per your link). I'm sure you'll tell me I'm a fool, so I don't plan on responding any further. P.S. I'm a scientist too... :beer dogagility, It is not 500K more. It is 2.4 million versus 1.9...
by triceratop
Tue Sep 11, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: AA and Tax efficiency review
Replies: 12
Views: 650

Re: AA and Tax efficiency review

ready20 wrote:
Tue Sep 11, 2018 12:27 pm
So, if they are more tax efficient, they should be held where?
If they were held in taxable they would have cost less money in taxes.
by triceratop
Tue Sep 11, 2018 12:18 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 15997

Re: Why Bull Markets Are Dangerous

I'll take your bait. $500000 more (30 years, $1000/month investment, using a 1% larger return for 100% stock per your link). I'm sure you'll tell me I'm a fool, so I don't plan on responding any further. P.S. I'm a scientist too... :beer dogagility, It is not 500K more. It is 2.4 million versus 1.9...
by triceratop
Tue Sep 11, 2018 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: AA and Tax efficiency review
Replies: 12
Views: 650

Re: AA and Tax efficiency review

You should check out this thread: viewtopic.php?t=242137

US stocks have been more tax efficient for someone in your situation.
by triceratop
Tue Sep 11, 2018 11:08 am
Forum: Investing - Theory, News & General
Topic: Barron's--Vanguard Is Losing Battles on Two Fronts in Fee Wars
Replies: 53
Views: 4513

Re: Barron's--Vanguard Is Losing Battles on Two Fronts in Fee Wars

This is largely just a fluff piece. ....Most people just getting started with investing do so in a 401k, where minimums do not apply in the first place. Beyond that, having to sit on the sidelines until one reaches $10k to invest isn't going to move the needle for anyone. .... Don't most here (and ...
by triceratop
Tue Sep 11, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: AA and Tax efficiency review
Replies: 12
Views: 650

Re: AA and Tax efficiency review

What are your federal/state income tax rates?
by triceratop
Mon Sep 10, 2018 5:38 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 15997

Re: Why Bull Markets Are Dangerous

jadd806, Okay. You believe that 100/0 expected return is better than 70/30. So, could you please tell us what are their expected returns? 100/0 versus 70/30? KlangFool Do you not think that 100/0 has a higher expected return than 70/30? That would be quite the statement. triceratop, You are a scien...
by triceratop
Mon Sep 10, 2018 5:11 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 15997

Re: Why Bull Markets Are Dangerous

KlangFool wrote:
Mon Sep 10, 2018 3:12 pm
jadd806,

Okay. You believe that 100/0 expected return is better than 70/30. So, could you please tell us what are their expected returns? 100/0 versus 70/30?

KlangFool
Do you not think that 100/0 has a higher expected return than 70/30? That would be quite the statement.
by triceratop
Mon Sep 10, 2018 4:56 pm
Forum: Investing - Theory, News & General
Topic: Short Term Market Uncertainty - "Buy" Insurance?
Replies: 33
Views: 1993

Re: Short Term Market Uncertainty - "Buy" Insurance?

Changing one's bond suballocation is an asset allocation change, so changing this would be considered market timing. I have changed nothing about my allocation -- buying insurance is selling potential for growth. In fact I will be buying more stocks (in line with my 90%+ stock asset allocation) in ...
by triceratop
Mon Sep 10, 2018 4:24 pm
Forum: Investing - Theory, News & General
Topic: Short Term Market Uncertainty - "Buy" Insurance?
Replies: 33
Views: 1993

Re: Short Term Market Uncertainty - "Buy" Insurance?

Changing one's bond suballocation is an asset allocation change, so changing this would be considered market timing. I have changed nothing about my allocation -- buying insurance is selling potential for growth. In fact I will be buying more stocks (in line with my 90%+ stock asset allocation) in t...
by triceratop
Mon Sep 10, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 112
Views: 9500

Re: Anyone else not save for cars?

Is there a trick to getting “near zero” auto loan interest rates? I checked current rates on bankrate.com and am seeing 4-5%. My local credit union has rates on 3-5 year loans below the corresponding treasury yield. If I were in the market for a new car that would be “sub zero” from my perspective....
by triceratop
Mon Sep 10, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Simple Factor Investing
Replies: 43
Views: 3879

Re: Larry Swedroe: Simple Factor Investing

Great, now how do I implement this without paying a DFA advisor? ETFs tracking the following indices/asset classes exist: iShares S&P 600 Value, EAFE Value, International Small, EM Value. I always find it unfortunate Larry doesn't often construct portfolios with matching factor exposures using ETFs.
by triceratop
Sun Sep 09, 2018 1:06 am
Forum: Forum Issues and Administration
Topic: Posting spreadsheets?
Replies: 5
Views: 780

Re: Posting spreadsheets?

There is no rule against this.

I myself have posted spreadsheets before.

Please do take care that you don’t leak your real identity in the process of posting a link. As I recall a google spreadsheet link leaks personal info.
by triceratop
Sat Sep 08, 2018 7:15 pm
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11067

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

A lot of people don't think you have suffered losses if you do not sell (typically thought of in equities context) or hold to maturity (in bond contexts). This is untrue. One must mark losses to market. AIG didn't actually have a 'loss' on any of their mortgage insurance business, but they still wen...
by triceratop
Sat Sep 08, 2018 4:06 pm
Forum: Personal Consumer Issues
Topic: Using Lastpass as your password manager
Replies: 34
Views: 3538

Re: Using Lastpass as your password manager

Personally I prefer token based 2FA such as Yubikey, but not all sites use it and even when they do the sites often have recovery options that are much less secure. Take Vanguard for example, It allows the use of Yubikey for 2FA but the recovery option is an SMS to your phone, which is not a super ...
by triceratop
Sat Sep 08, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: Breaking down BND (and all bond funds)
Replies: 14
Views: 1693

Re: Breaking down BND (and all bond funds)

Just a note: your post assumes that the portion of BND which is invested in instruments which pay interest less frequently than monthly are not concentrated/deconcentrated (on a yield basis) in instruments which pay in a particular month relative to August.
by triceratop
Sat Sep 08, 2018 3:06 pm
Forum: Personal Consumer Issues
Topic: Using Lastpass as your password manager
Replies: 34
Views: 3538

Re: Using Lastpass as your password manager

I can raise you one further -- all of my passwords are on a public github repository. I sleep very well at night. Okay well they're PGP-encrypted and tomb 'ed, decryptable with a very strong PGP key which exists only on a hardware device. So that's why I sleep well at night. To answer your question,...
by triceratop
Sat Sep 08, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: 100% Bonds to boost returns?
Replies: 61
Views: 6352

Re: 100% Bonds to boost returns?

Even Bogle has admitted to market timing. I don't think things are as screamingly obvious as when people were willing to pay big premiums for junk Internet stocks though. I largely agree with your post but do want to point out it can be hard to say what is and is not a bubble. Would it surprise you...
by triceratop
Fri Sep 07, 2018 6:09 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1435
Views: 205521

Re: QSPIX - thoughts on interesting fund

I am not sure there is any disagreement that the fund pages for all of these funds under discussion truly do accurately display the gross/net expense ratio for the funds. The pictures seem besides the point and don't actually prove anything under dispute.
by triceratop
Fri Sep 07, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 306
Views: 39917

Re: Low-earners- What is your profession?

That's a better reading, I retract my question.
by triceratop
Fri Sep 07, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 306
Views: 39917

Re: Low-earners- What is your profession?

I work for a university making a salary of$43,000, unfortunately not eligible for OT pay. But looking on the bright side, I have great benefits and I am pursuing a graduate degree for basically free. Would you mind stating how typical $43k is for graduate students where you are? In STEM fields at m...
by triceratop
Fri Sep 07, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 423
Views: 39826

Re: Lucrative careers?

US Senator Rand Paul graduated from the Duke allopathic program and does not have a bachelors degree. Probably doesn't hurt to have a father who is a congressman. Things have changed since but you already have the UVA program mentioned above. This virtually never happens. I don't think one celebrit...
by triceratop
Wed Sep 05, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: Buying Sushi Grade Fish
Replies: 15
Views: 1684

Re: Buying Sushi Grade Fish

I often shop at Mitsuwa (not just a Socal thing, there is one in Fort Lee, NJ that I have been to as well). Is there good fish there, on par with Marukai?
by triceratop
Tue Sep 04, 2018 5:43 pm
Forum: Personal Consumer Issues
Topic: How to "waste" money on groceries?
Replies: 109
Views: 9372

Re: How to "waste" money on groceries?

I have found that choosing not to live a sedentary lifestyle requires more caloric intake. So, you can view working out and exercising as "wasting money" on excess groceries.
by triceratop
Sun Sep 02, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 423
Views: 39826

Re: Lucrative careers?

There are no such MD programs that are accredited in the United States. Again I’m not denying that CRNAs have an RN degree in the past just as MDs who graduated from United States have obtained a bachelors degree in the past. If you think I’m wrong please give me one allopathic program in the Unite...
by triceratop
Sun Sep 02, 2018 3:02 pm
Forum: Personal Consumer Issues
Topic: Crazy Rich Asian -> Movie
Replies: 16
Views: 2334

Re: Crazy Rich Asian -> Movie

Locked: not actionable (it does not concern whether the movie itself is worth purchasing but cultural themes in the content of hte movie which are inherently contentious and have historically led to unproductive debate)
by triceratop
Sat Sep 01, 2018 10:53 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1435
Views: 205521

Re: QSPIX - thoughts on interesting fund

Nisiprius: I'm sorry but, as Angst has tried to explain, your morningstar charts are ridiculous here. This fund has absolutely *nothing* to do with long equity funds, value style or otherwise. Absolutely nothing to do with them. Charting QSPIX against long equity funds gives you zero information. N...
by triceratop
Sat Sep 01, 2018 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: What are your goals when you change your bond funds?
Replies: 36
Views: 2274

Re: What are your goals when you change your bond funds?

I dumped Intermediate-term Corporate because it wasn't worth the risk given its tax status and the fact I would have to hold it in a taxable account. My duration didn't change as I moved the funds into Intermediate-term Government (now Treasury). I may buy Corporates again when I have more account d...
by triceratop
Sat Sep 01, 2018 3:26 pm
Forum: Investing - Theory, News & General
Topic: The US debt is even larger than stated
Replies: 25
Views: 2003

Re: The US debt is even larger than stated

A reminder to readers about prohibited topics for this discussion: US or world economic, political, tax, health care and climate policies You can get mad about it, but from an investment perspective, it would be foolish to try to create a strategy around it. It's just like predicting the direction ...