Search found 2686 matches

by triceratop
Sat Sep 23, 2017 7:18 pm
Forum: Investing - Theory, News & General
Topic: "My Favorite Mutual Fund"
Replies: 6
Views: 632

"If I could own only one mutual fund or ETF it would be a low-cost Total U.S. Market Index Fund."

"If I could own only one mutual fund or ETF it would be a low-cost Total U.S. Market Index Fund." Reasons #4 and #5 are a little incorrect for me: if I had to choose I would go with Vanguard Total World Stock Index Fund (VTWSX / ETF: VT). #4: No Tracking Error No tracking error relative to what ? Ce...
by triceratop
Sat Sep 23, 2017 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: grad student - how much to contrib to IRA
Replies: 10
Views: 476

Re: grad student - how much to contrib to IRA

By the way, for the answer to the original question: I have saved at least $15,000/yr every year that I have been a graduate student. None of that has been in IRAs. There is no reason to limit spending to IRA contribution limits, nor conversely to limit your savings rate to 10% as a grad student. Of...
by triceratop
Sat Sep 23, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: grad student - how much to contrib to IRA
Replies: 10
Views: 476

Re: grad student - how much to contrib to IRA

It was a simple question over in the "theory" sub-forum, and was about how to think about contributing to an IRA when you have earned income, but not a great amount to put into the IRA using the prescribed savings rated of 10% Then the posting got moved over to here - the Personal Investment sub-se...
by triceratop
Sat Sep 23, 2017 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: grad student - how much to contrib to IRA
Replies: 10
Views: 476

Re: grad student - how much to contrib to IRA

Our son is a grad student - and gets a stipend... Q - Is your son's stipend "earned income" for purposes of contributing to an IRA? See these prior threads: Graduate Students, Roth IRAs, Traditional IRAs Caduceus wrote : The confusion arises because of the popular but mistaken assumption that any i...
by triceratop
Sat Sep 23, 2017 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing into U.S.Stocks
Replies: 16
Views: 1006

Re: Rebalancing into U.S.Stocks

Emerging Markets Value (FNDE) has underperformed Emerging Markets (IEMG) by a bit more than 9% YTD. I tilt towards value and quality only in the U.S. Outside U.S. I own passive index funds, with a slight tilt towards China tech companies. There are passive index funds internationally which target v...
by triceratop
Sat Sep 23, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing into U.S.Stocks
Replies: 16
Views: 1006

Re: Rebalancing into U.S.Stocks

Emerging Markets Value (FNDE) has underperformed Emerging Markets (IEMG) by a bit more than 9% YTD.
by triceratop
Fri Sep 22, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: where to put $60,000 for three months...
Replies: 14
Views: 1126

Re: where to put $60,000 for three months...

goingup wrote:
Fri Sep 22, 2017 2:51 pm
It's would not be enough to mess with. 1% on 60K is $150. 1.5% is $225. I doubt you could get any better without using bonds.
A 3-month treasury bill yields 1.02%-1.04% as of a few days ago.
by triceratop
Fri Sep 22, 2017 3:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Please Offer a Gold ETF
Replies: 95
Views: 4299

Re: Vanguard: Please Offer a Gold ETF

On further review this topic has been unlocked. However please stay on topic to disagreement about ideas. From the forum policies : "We expect this forum to be a place where people can feel comfortable asking questions and where debates and discussions are conducted in civil tones. Discussions are ...
by triceratop
Fri Sep 22, 2017 1:26 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Vanguard Debunks Dividend Myth
Replies: 113
Views: 10848

Re: Larry Swedroe: Vanguard Debunks Dividend Myth

I did learn this lesson myself, I bought an active fund that has a fair amount of turnover. I learned about unwanted capital gains distributions. Still own the fund but haven't contributed to it for over 20 years, indeed I take the distributions and use them to help fund my IRA contribution. The ef...
by triceratop
Fri Sep 22, 2017 4:11 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Vanguard Debunks Dividend Myth
Replies: 113
Views: 10848

Re: Larry Swedroe: Vanguard Debunks Dividend Myth

Snarlyjack was quite clear he planned to hold until death, not sure how much clearer I can be that dividends are clearly the incorrect strategy there. And as I mentioned even if you sell before death the dividends still lose due to taxes on dividends not being reinvested. Not sure how much clearer ...
by triceratop
Thu Sep 21, 2017 9:16 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Vanguard Debunks Dividend Myth
Replies: 113
Views: 10848

Re: Larry Swedroe: Vanguard Debunks Dividend Myth

Snarlyjack was quite clear he planned to hold until death, not sure how much clearer I can be that dividends are clearly the incorrect strategy there. And as I mentioned even if you sell before death the dividends still lose due to taxes on dividends not being reinvested. Not sure how much clearer i...
by triceratop
Thu Sep 21, 2017 8:37 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Vanguard Debunks Dividend Myth
Replies: 113
Views: 10848

Re: Larry Swedroe: Vanguard Debunks Dividend Myth

As avalpert mentioned previously the fact you get money back in a refund has nothing to do with your tax situation. It just means your withholding was too high. If you invest more efficiently you will receive a higher refund. You really should try to find out what your tax rates are: state and feder...
by triceratop
Thu Sep 21, 2017 8:25 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Vanguard Debunks Dividend Myth
Replies: 113
Views: 10848

Re: Larry Swedroe: Vanguard Debunks Dividend Myth

It is very likely that snarlyjack should be disappointed. However, whether or not he will be disappointed depends on whether he realizes how much return he is giving up in tax for no discernible reason. I haven't seen anyone engage with the raw numbers I posted earlier, they appear to have been ign...
by triceratop
Thu Sep 21, 2017 8:15 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Vanguard Debunks Dividend Myth
Replies: 113
Views: 10848

Re: Larry Swedroe: Vanguard Debunks Dividend Myth

Triceratop, I' am not sure where your numbers came from? I understand the ER numbers. I' am not sure where your market tax numbers came from? I understand that you added the ER and market tax cost together. There is a difference in yield that must be accounted for. (3% vs. 1.8% = 1.2% difference, 6...
by triceratop
Thu Sep 21, 2017 7:12 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Vanguard Debunks Dividend Myth
Replies: 113
Views: 10848

Re: Larry Swedroe: Vanguard Debunks Dividend Myth

Triceratop, Thank you...that is good advice. I found a on-line tax/investment calculator. How does this calculator look to you? https://www.mycalculators.com/ca/inftaxm.html I don't find that useful in the present discussion. Tax equivalent yield is useful for bonds not stocks, and calculating a br...
by triceratop
Thu Sep 21, 2017 4:57 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Vanguard Debunks Dividend Myth
Replies: 113
Views: 10848

Re: Larry Swedroe: Vanguard Debunks Dividend Myth

Nedsaid, Here is the YCharts fundamental information on the Vanguard Dividend Appreciation Index Fund ETF. If you scroll through the page it gives the breakdown of the sector holdings & stock "style exposure". It is also available in "admiral shares" where the High Dividend Yield Index is only avai...
by triceratop
Thu Sep 21, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 195
Views: 16570

Re: I won the Lottery. Need sound advice.

I removed several off-topic posts and personal attacks. In particular, please do not "bite the newcomers". If you see something that violates forum policy simply click on the large "!" button at the top right of the post to report it to moderators. A reminder on Forum Policies : This is a moderated...
by triceratop
Wed Sep 20, 2017 6:08 pm
Forum: Investing - Theory, News & General
Topic: Factors are not characteristics but correlations
Replies: 11
Views: 742

Re: Factors are not characteristics but correlations

In today's society with access to so much data it can be mined & in this case it has been mined for factors. By today's society are you referring to the society of the past 26 years, since the small and value premia were published? I don't want people to get the incorrect impression you're referrin...
by triceratop
Wed Sep 20, 2017 1:08 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Vanguard Debunks Dividend Myth
Replies: 113
Views: 10848

Re: Larry Swedroe: Vanguard Debunks Dividend Myth

For an investor in the 25%/8% Federal/State bracket in 2016, such as is typical (on the low end!) in California: Vanguard Total Stock Market Expense Ratio: 0.04% Vanguard High Dividend Yield Expense Ratio: 0.08% Vanguard Total Stock Market Tax Cost: 0.49% Vanguard High Dividend Yield Tax Cost: 0.76%...
by triceratop
Wed Sep 20, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: International index fund ideas.
Replies: 7
Views: 655

Re: International index fund ideas.

If you are at Fidelity then you have commission-free access to the iShares Core MSCI Total International Stock (IXUS) ETF. This has been the most tax efficient international index fund that I have evaluated and would be a fine choice for you in a taxable account. Are you referring to this thread? h...
by triceratop
Wed Sep 20, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: How much do you spend on "entertainment"?
Replies: 50
Views: 3148

Re: How much do you spend on "entertainment"?

I am a social dancer; it's a good way to socialize for someone in my position. I don't eat out, that's much too expensive. Entertainment: (1) $2.50/mo for Spotify How is your spotify cost so low? I'm a student, so the cost is $5/mo. My friend pays me $2.50/mo to know the password to the account. Sp...
by triceratop
Wed Sep 20, 2017 3:54 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Vanguard Debunks Dividend Myth
Replies: 113
Views: 10848

Re: Larry Swedroe: Vanguard Debunks Dividend Myth

That study doesn't convince me because it effectively utilizes dividends to get exposure to value. So it's a less tax efficient way to achieve another tilt. It doesn't explain how dividends themselves are a risk factor which are rewarded. I'm not being snarky when I say I didn't miss any, I truly do...
by triceratop
Tue Sep 19, 2017 10:01 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Vanguard Debunks Dividend Myth
Replies: 113
Views: 10848

Re: Larry Swedroe: Vanguard Debunks Dividend Myth

Ah, I didn't miss any then. Got it.
by triceratop
Tue Sep 19, 2017 9:12 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Vanguard Debunks Dividend Myth
Replies: 113
Views: 10848

Re: Larry Swedroe: Vanguard Debunks Dividend Myth

Yes some look at it differently. But I missed the studies backing up that perspective. Where are they?
by triceratop
Tue Sep 19, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: New BOA Premium Rewards Card
Replies: 29
Views: 1620

Re: New BOA Premium Rewards Card

My wife and I use BOA cash rewards card for everything. Every January I go online and request the rewards in cash to be deposited into my checking Account. I get a 75% bonus. I forget exactly why I get the bonus but it is either from keeping a certain amount of money in your accounts. Not sure of t...
by triceratop
Tue Sep 19, 2017 6:38 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "entertainment"?
Replies: 50
Views: 3148

Re: How much do you spend on "entertainment"?

I am a social dancer; it's a good way to socialize for someone in my position. I don't eat out, that's much too expensive. Entertainment: (1) $2.50/mo for Spotify (2) ~$80-100/mo. dancing + lessons Bogleheads may criticize this, but I would not keep my sanity with my job if I did not have this activ...
by triceratop
Tue Sep 19, 2017 6:32 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Vanguard Debunks Dividend Myth
Replies: 113
Views: 10848

Re: Larry Swedroe: Vanguard Debunks Dividend Myth

Artsdoctor, Hello. It is interesting... I' am a young guy (age 23 - age 100 mortality age = 77 investing years). My Mom wanted me to eventually pass down the inheritance to my kids. More "inter generational" in nature. Long, long term buy & hold. In my mind it has to be more like Ronald Read (The J...
by triceratop
Tue Sep 19, 2017 6:25 pm
Forum: Investing - Theory, News & General
Topic: Data-driven individual stock approach
Replies: 28
Views: 1303

Re: Data-driven individual stock approach

livesoft, I know you're a student of the market. if no one believes you, why don't you post your trades before you make them? I'll volunteer to setup a google doc that timestamps your entries. I do post my trades before I make them at a place where I cannot control nor fake the timestamps. I've bee...
by triceratop
Tue Sep 19, 2017 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 191
Views: 19860

Re: Calling out the not so rich bogleheads

Yes. It went sideways from the first response. Too bad: it could have been productive with a little more openness. Most of us weren't born on third base, as the saying goes. I wish the OP all the best. Lev I don't follow; my first response made clear I am nowhere being wealthy or a millionaire. I i...
by triceratop
Tue Sep 19, 2017 2:24 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 33
Views: 1972

Re: measurement of success of investment(s)

I don't think a fund's index benchmark and the market portfolio mean the same thing. But whatever... What do you mean? 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 o...
by triceratop
Tue Sep 19, 2017 1:34 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 33
Views: 1972

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. So if I wanted to compare my portfolio performance to the "Mark...
by triceratop
Tue Sep 19, 2017 1:23 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 33
Views: 1972

Re: measurement of success of investment(s)

I don't think a fund's index benchmark and the market portfolio mean the same thing. But whatever... What do you mean? 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 o...
by triceratop
Tue Sep 19, 2017 1:08 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 33
Views: 1972

Re: measurement of success of investment(s)

patrick013 wrote:
Tue Sep 19, 2017 1:00 pm
I don't think a fund's index benchmark and the market portfolio
mean the same thing. But whatever...
What do you mean?
by triceratop
Tue Sep 19, 2017 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: International index fund ideas.
Replies: 7
Views: 655

Re: International index fund ideas.

If you are at Fidelity then you have commission-free access to the iShares Core MSCI Total International Stock (IXUS) ETF. This has been the most tax efficient international index fund that I have evaluated and would be a fine choice for you in a taxable account. Are you referring to this thread? ht...
by triceratop
Tue Sep 19, 2017 12:49 pm
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 33
Views: 1972

Re: measurement of success of investment(s)

yes, I guess I will just stick with the S&P500 has the measurement to beat.. its just been so easy to outperform with VGT, VO, VBK.. I was just wondering if S&P500 was still considered the "average". Vanguard Target Retirement fund seems to really underperform but may switch to it nearing retiremen...
by triceratop
Tue Sep 19, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 191
Views: 19860

Re: Calling out the not so rich bogleheads

First of all, we are not all rich as this Net Worth survey of over 1300 Bogleheads in 2015: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=154364&start=100 shows. You may be interested in that. The original thread with comments can be found here: https://www.bogleheads.org/forum/viewtopic.php...
by triceratop
Tue Sep 19, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: New BOA Premium Rewards Card
Replies: 29
Views: 1620

Re: New BOA Premium Rewards Card

I've been waiting for this news for a while after seeing the initial WSJ article. It was finally revealed today. The card seems weak. https://www.bankofamerica.com/credit-cards/products/premium-rewards-credit-card/ http://www.mymoneyblog.com/bank-of-america-bofa-premium-rewards-card-review.html htt...
by triceratop
Mon Sep 18, 2017 11:37 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads you would most like to meet and why?
Replies: 79
Views: 4233

Re: Bogleheads you would most like to meet and why?

How has Valuethinker not been mentioned? That would be a fascinating conversation.

Anyway, livesoft still needs to buy me breakfast. And not oatmeal.
by triceratop
Mon Sep 18, 2017 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: 24F Looking to start an aggressive portfolio
Replies: 31
Views: 2246

Re: 24F Looking to start an aggressive portfolio

My two points are separate. Even if your stocks-bonds split is appropriate, the decision for how to allocate your stocks between US and international is a separate one. What would you suggest? I would suggest using VT, or mimick that asset allocation with available funds. 90% stocks 10% bonds is no...
by triceratop
Mon Sep 18, 2017 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: 24F Looking to start an aggressive portfolio
Replies: 31
Views: 2246

Re: 24F Looking to start an aggressive portfolio

My two points are separate. Even if your stocks-bonds split is appropriate, the decision for how to allocate your stocks between US and international is a separate one.
by triceratop
Mon Sep 18, 2017 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: 24F Looking to start an aggressive portfolio
Replies: 31
Views: 2246

Re: 24F Looking to start an aggressive portfolio

Howdy all, I am looking to start an aggressive portfolio (new investor). As of right now I was thinking 60% VTI 30% VXUS 5% BND 5%BND I would start with 6k and be doing 5-600 monthly investments. I plan to hold these accounts for some decades. So I'll only be investing and have no plans to withdraw...
by triceratop
Mon Sep 18, 2017 10:32 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Vanguard Debunks Dividend Myth
Replies: 113
Views: 10848

Re: Larry Swedroe: Vanguard Debunks Dividend Myth

I think many dividend-oriented stocks incorporate some interest rate term exposure into their return. If you want to offset this additional risk by reducing duration of one's bond holdings, then the lower expected return of the bond portfolio has to be factored into the overall expected return of t...
by triceratop
Mon Sep 18, 2017 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: 24F Looking to start an aggressive portfolio
Replies: 31
Views: 2246

Re: 24F Looking to start an aggressive portfolio

Howdy all, I am looking to start an aggressive portfolio (new investor). As of right now I was thinking 60% VTI 30% VXUS 5% BND 5%BND I would start with 6k and be doing 5-600 monthly investments. I plan to hold these accounts for some decades. So I'll only be investing and have no plans to withdraw...
by triceratop
Mon Sep 18, 2017 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 191
Views: 19860

Re: Calling out the not so rich bogleheads

I really wasn't trying to make this thread controversial, but now I see that I have. I will concede both that my wording was unclear and that physicians have a differing earnings trajectory which makes a snapshot of net worth not a full picture. Of course, most Americans and most Bogleheads are not ...
by triceratop
Mon Sep 18, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 191
Views: 19860

Re: Calling out the not so rich bogleheads

The vast majority of Americans do not LBYM and are not Bogleheads. Good thing, too, or corporate profits wouldn't be so high. I'm 25, never had a real job due to being in school, never made more than median American wage, and have a net worth in the 93-percentile (according to survey of consumer fi...
by triceratop
Mon Sep 18, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 191
Views: 19860

Re: Calling out the not so rich bogleheads

The vast majority of Americans do not LBYM and are not Bogleheads. Good thing, too, or corporate profits wouldn't be so high. I'm 25, never had a real job due to being in school, never made more than median American wage, and have a net worth in the 93-percentile (according to survey of consumer fi...
by triceratop
Mon Sep 18, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 191
Views: 19860

Re: Calling out the not so rich bogleheads

The vast majority of Americans do not LBYM and are not Bogleheads. Good thing, too, or corporate profits wouldn't be so high. I'm 25, never had a real job due to being in school, never made more than median American wage, and have a net worth in the 93-percentile edit: for my age (according to surve...
by triceratop
Mon Sep 18, 2017 1:42 pm
Forum: Investing - Theory, News & General
Topic: International Equity: Are managed funds better than Index funds?
Replies: 35
Views: 2146

Re: International Equity: Are managed funds better than Index funds?

So you do need to check the data. I think William Sharpe can do the math. "If "active" and "passive" management styles are defined in sensible ways, it must be the case that (1) before costs, the return on the average actively managed dollar will equal the return on the average passively managed do...
by triceratop
Mon Sep 18, 2017 1:27 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Vanguard Debunks Dividend Myth
Replies: 113
Views: 10848

Re: Larry Swedroe: Vanguard Debunks Dividend Myth

If dividends are qualified and investor is retired, aren't both qualified dividends and long term cap gains taxed at the same 0 and 15% depending on tax bracket (for most people). I can see dividends pushing a AGI to a level that is damaging tax wise for a non tired person with high income, but wha...