Search found 3405 matches

by triceratop
Tue Jan 23, 2018 1:24 am
Forum: Investing - Help with Personal Investments
Topic: VSFVX Admiral Shares
Replies: 3
Views: 166

Re: VSFVX Admiral Shares

When will Vanguard make Admiral Shares available for VFSVX? They have a lower cost ETF, so I cannot understand why they don't offer Admiral Shares. You will only get an answer from Vanguard about this. I asked them in 2015 about this and their answer was, if I recall correctly, that it will not be ...
by triceratop
Mon Jan 22, 2018 9:52 pm
Forum: Investing - Theory, News & General
Topic: How can I quantify the impact of bid-ask spreads, frictional costs, and market-impact costs on ex-U.S. market returns?
Replies: 8
Views: 320

Re: "The Arithmetic of "All-In" Investment Expenses" by Jack Bogle

How can I quantify the impact of bid-ask spreads, frictional costs, and market-impact costs on ex-U.S. market return stlutz: This article written for The Financial Analysts Journal by Jack Bogle should answer your question: The Arithmetic of "All-In" Investment Expenses by John Bogle Best wishes Ta...
by triceratop
Mon Jan 22, 2018 8:43 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 109
Views: 8525

Re: Post your Financial Milestone Announcements Here

livesoft wrote:
Mon Jan 22, 2018 8:39 pm
A livesoft milestone: Our portfolio is up 7-figures since the low of 2 years ago. Yes, we did not make a million dollars in one year, but it took 2 years. And we paid less than about $7,000 in income taxes for those 2 years.
2 years? This is why market timing doesn't work.
by triceratop
Mon Jan 22, 2018 8:07 pm
Forum: Investing - Theory, News & General
Topic: Vanguard chief says "You will never see a bitcoin fund from us"
Replies: 14
Views: 831

Re: Vanguard chief says "You will never see a bitcoin fund from us"

Bogle initially rejected ETFs. Now Vanguard is playing catch up to Blackrock. Hmmm. I thought they were ahead of the game by patenting the use of ETFs as a share class of mutual funds. In some sense, sure. I think the meaning intended was being behind on AUM, which they are. It's something like $1....
by triceratop
Mon Jan 22, 2018 7:57 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth / step-transaction doctrine news: [Congress recognizes process]
Replies: 16
Views: 1020

Re: Backdoor Roth / step-transaction doctrine news: [Congress recognizes process]

I merged bigjoec's duplicate thread into this one, and also expanded on the title a bit to clarify.
by triceratop
Mon Jan 22, 2018 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: “Better Buy” Total US or International ?
Replies: 36
Views: 3747

Re: “Better Buy” Total US or International ?

Rather than rely on rules of thumb, one can compute the relevant numbers for Emerging Markets vs Total Intl. See: https://www.bogleheads.org/forum/viewtopic.php?t=208818. By the way, if you own Total Intl you already own EM so there is no need for a separate fund unless you want to deviate from mark...
by triceratop
Mon Jan 22, 2018 4:22 pm
Forum: Investing - Theory, News & General
Topic: The regular investor can now trade the stock market 24 hours a day with TD Ameritrade
Replies: 38
Views: 1941

Re: The regular investor can now trade the stock market 24 hours a day with TD Ameritrade

and why would I want to do that? Contrary to some of the shoot-from-the-hip, Boglehead-bot auto-responses you see regarding day-traders, the ability to place an ETF order 24 hours a day would be helpful to those stay-the-course investors who simply are not able to place an order between the hours o...
by triceratop
Mon Jan 22, 2018 4:14 pm
Forum: Investing - Theory, News & General
Topic: The regular investor can now trade the stock market 24 hours a day with TD Ameritrade
Replies: 38
Views: 1941

Re: The regular investor can now trade the stock market 24 hours a day with TD Ameritrade

and why would I want to do that? Contrary to some of the shoot-from-the-hip, Boglehead-bot auto-responses you see regarding day-traders, the ability to place an ETF order 24 hours a day would be helpful to those stay-the-course investors who simply are not able to place an order between the hours o...
by triceratop
Mon Jan 22, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: The regular investor can now trade the stock market 24 hours a day with TD Ameritrade
Replies: 38
Views: 1941

Re: Day Trading vs. Stay-The-Course

Bogleheads: Day trading is for losers. Stay-the-course (assuming it is the right course) is for winners. Here is good evidence: "Odean and Barber tested over 66,400 investors between 1991 and 1997. Their findings: "The most active traders earned 7% less annually than buy-and-hold investors." https:...
by triceratop
Mon Jan 22, 2018 12:03 pm
Forum: Investing - Theory, News & General
Topic: The regular investor can now trade the stock market 24 hours a day with TD Ameritrade
Replies: 38
Views: 1941

Re: The regular investor can now trade the stock market 24 hours a day with TD Ameritrade

As a contrarian I take this as excellent news. There are many reasons: one is that it gives the ETF haters more to focus on, and talk about the evils of trading (all true), while ignoring the legitimate uses of ETFs for buy-and-hold. That is, many critique products when they should critique human be...
by triceratop
Sat Jan 20, 2018 1:15 pm
Forum: Investing - Theory, News & General
Topic: What's your U.S. : International ratio?
Replies: 104
Views: 25759

Re: What's your U.S. : International ratio?

Within stocks, 76% U.S., 24% international. With bonds, 100% U.S. Years of reading the forum led me to gradually nudge my allocation within stocks from 20% international up to about 25% international, over a time period of about a decade. When I started, I had accidentally let my stock allocation b...
by triceratop
Sat Jan 20, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 212
Views: 21840

Re: Case study Broker trade executions

For the past 2 days I never got fills on some limit orders to buy set at the bid even though many orders were filled at that price. The volume was about a million shares at the end of the day, so not thinly traded. I am thinking collusion is why my orders did not execute. Were you looking at the or...
by triceratop
Fri Jan 19, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Qualified Dividends Chevron
Replies: 8
Views: 438

Re: Qualified Dividends Chevron

All qualified dividends are ordinary dividends. Not all ordinary dividends are qualified dividends.
by triceratop
Fri Jan 19, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Which tax software for 2017?
Replies: 20
Views: 1110

Re: Which tax software for 2017?

I plan to use IRS documents to prepare my taxes, in a similar situation. I think you could easily do the same.
by triceratop
Fri Jan 19, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Increasing Small Cap Value Tilt
Replies: 17
Views: 1230

Re: Increasing Small Cap Value Tilt

iShares small cap blend ETF IJR already makes up 8% of my portfolio, however in the Morningstar style box my portfolio numbers show up like this: 22, 22, 22 6, 6, 5 4, 5, 5 So doesn't look like there's much of an effect iShares IJR ETF adds in terms of SCV. Domestic to international is ~ 67:33 (ITO...
by triceratop
Fri Jan 19, 2018 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Increasing Small Cap Value Tilt
Replies: 17
Views: 1230

Re: Increasing Small Cap Value Tilt

iShares small cap blend ETF IJR already makes up 8% of my portfolio, however in the Morningstar style box my portfolio numbers show up like this: 22, 22, 22 6, 6, 5 4, 5, 5 So doesn't look like there's much of an effect iShares IJR ETF adds in terms of SCV. Domestic to international is ~ 67:33 (ITO...
by triceratop
Fri Jan 19, 2018 2:01 pm
Forum: Investing - Theory, News & General
Topic: TSP's F Fund outperforms the G Fund, so why is the G Fund favored?
Replies: 34
Views: 2250

Re: TSP's F Fund outperforms the G Fund, so why is the G Fund favored?

The G Fund is one of the only "free lunches" around. Unlike the F Fund, the G Fund has no credit risk, no duration risk, and is subject only to upward volatility. It's essentially cash with the yield of an intermediate term bond fund. Investors may hold "less" of the G Fund to achieve the same leve...
by triceratop
Fri Jan 19, 2018 2:00 pm
Forum: Investing - Theory, News & General
Topic: TSP's F Fund outperforms the G Fund, so why is the G Fund favored?
Replies: 34
Views: 2250

Re: TSP's F Fund outperforms the G Fund, so why is the G Fund favored?

I'm saying that 90/10 makes more sense with the F fund than the G fund. It actually makes more sense with a Treasury ETF like VGIT than either, but that's not available in the TSP. Actually I would need to go back and look at how the F fund performed in recent equity crises to be 100% sure about this.
by triceratop
Fri Jan 19, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: TSP's F Fund outperforms the G Fund, so why is the G Fund favored?
Replies: 34
Views: 2250

Re: TSP's F Fund outperforms the G Fund, so why is the G Fund favored?

The G Fund is one of the only "free lunches" around. Unlike the F Fund, the G Fund has no credit risk, no duration risk, and is subject only to upward volatility. It's essentially cash with the yield of an intermediate term bond fund. Investors may hold "less" of the G Fund to achieve the same leve...
by triceratop
Fri Jan 19, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 212
Views: 21840

Re: Case study Broker trade executions

I was selling a small amount of a fairly high volume ETF (around $10,000) at Etrade today, and I had set a limit order for (say) 20.50 over an hour ago. I jsut checked right now, and the ticker shows the last trade executed at (say) 20.52, but my order was not. I can understand that a limit order p...
by triceratop
Fri Jan 19, 2018 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Considering PhD...but so much to consider...
Replies: 51
Views: 3436

Re: Considering PhD...but so much to consider...

There are books for people considering a PhD program. Read them ASAP. Getting What You Came For: The Smart Student's Guide to Earning an M.A. or a Ph.D. is one. Here is a list of other such books... http://www.onlinephdprograms.com/14-books-you-need-to-read-before-pursuing-a-phd/ There's a movie, t...
by triceratop
Thu Jan 18, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Are ETFs Really That Safe?
Replies: 26
Views: 2080

Re: Are ETFs Really That Safe?

I'm not sure how everyone has this much confidence in ETFs but I think the real answer is, we don't know. EFT's haven't been tested in extreme market volatility. It's right there in the prospectus next to the flag. So until a major crash happens and some of the "Creation Unit" banks go bankrupt, we...
by triceratop
Thu Jan 18, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 402
Views: 79219

Re: Bank of America/Merrill Edge - Preferred Rewards

Unfortunately it's been a while since I went through this. I do recall being confused about the 90-day average. There are two main features Bogleheads would be interested in using, free trades and credit-card rewards. The former isn't a problem because you get 90 days of trades as a bonus with Merr...
by triceratop
Thu Jan 18, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: TSP's F Fund outperforms the G Fund, so why is the G Fund favored?
Replies: 34
Views: 2250

Re: TSP's F Fund outperforms the G Fund, so why is the G Fund favored?

The G fund is unique. Being unique doesn't, by itself, say anything about its value. G has a rate that's pretty middle-of-the-road compared to corporate stable-value funds. For instance, its current rate is 2.375%, which is a smidge less than Megacorp's 2.55%. So how does anyone value the increased...
by triceratop
Thu Jan 18, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Dividends vs Capital Gains on Total Stock Market not reinvested
Replies: 4
Views: 413

Re: Dividends vs Capital Gains on Total Stock Market not reinvested

Since this is a personally actionable question I have moved it to the Personal Investments section.
by triceratop
Thu Jan 18, 2018 3:09 pm
Forum: Investing - Theory, News & General
Topic: TSP's F Fund outperforms the G Fund, so why is the G Fund favored?
Replies: 34
Views: 2250

Re: TSP's F Fund outperforms the G Fund, so why is the G Fund favored?

Do you want to take risk on the bond side or only on the stock side? If you are willing to take a little bit more risk on the bond side to get a little bit more return then I think the OP's idea is good, especially in accumulation phase. This is no different than why is TBM recommended in the 3 fun...
by triceratop
Thu Jan 18, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor Bullied Me
Replies: 32
Views: 4747

Re: Vanguard Advisor Bullied Me

Locked: topic exhausted
by triceratop
Thu Jan 18, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?
Replies: 121
Views: 7188

Re: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?

Well, the actual subject material seems to be how to create your own financial plan. The "Fire your Financial Advisor" is just the hook. I'm reading the material correctly, this course does not include any direct human interaction; it's basically a book with online interactive worksheets and tests....
by triceratop
Thu Jan 18, 2018 10:00 am
Forum: Investing - Theory, News & General
Topic: TSP's F Fund outperforms the G Fund, so why is the G Fund favored?
Replies: 34
Views: 2250

Re: TSP's F Fund outperforms the G Fund, so why is the G Fund favored?

As others have mentioned, the F fund invests in corporate bonds (in addition to treasuries) so you are exposed to default risk and to term risk. First default risk: this is extra yield you demand for the possibility that a corporation will go bankrupt and be unable to honor the obligations of the co...
by triceratop
Thu Jan 18, 2018 3:08 am
Forum: Investing - Theory, News & General
Topic: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?
Replies: 121
Views: 7188

Re: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?

"A strange game. The only winning move is not to play. How about a nice game of chess?" --AI in WarGames (1983) :D I want to emphasize that our wiki is very much not 'paid'. It is a volunteer effort and all information is provided freely (gratis). The same goes for all assistance on the forum. And a...
by triceratop
Thu Jan 18, 2018 2:54 am
Forum: Investing - Help with Personal Investments
Topic: FSTVX - Fidelity Total Stock Index - Tax Implications
Replies: 22
Views: 1383

Re: FSTVX - Fidelity Total Stock Index - Tax Implications

It's only an issue if your priority is maximizing post-tax wealth. If your goal is to satisfy a preference for mutual funds, more power to you: but it's an inefficiency to the typical goal above. It's also amusing to make this point on a thread explicitly about tax implications. I wonder if the vari...
by triceratop
Wed Jan 17, 2018 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA vs Taxable account international funds
Replies: 2
Views: 196

Re: Roth IRA vs Taxable account international funds

See: viewtopic.php?t=208818

The 2017 update will be available in the next few weeks.
by triceratop
Wed Jan 17, 2018 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: FSTVX - Fidelity Total Stock Index - Tax Implications
Replies: 22
Views: 1383

Re: FSTVX - Fidelity Total Stock Index - Tax Implications

If I ultimately die before selling the FSTVX, then yes, the taxes paid on capital gains distributions is all an additional cost. OTOH, if I outlive my FSTVX shares, then I look at it more as a pay me now or pay me later situation. As others have suggested, not a big deal in the grand scheme of thin...
by triceratop
Wed Jan 17, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: FSTVX - Fidelity Total Stock Index - Tax Implications
Replies: 22
Views: 1383

Re: FSTVX - Fidelity Total Stock Index - Tax Implications

If I ultimately die before selling the FSTVX, then yes, the taxes paid on capital gains distributions is all an additional cost. OTOH, if I outlive my FSTVX shares, then I look at it more as a pay me now or pay me later situation. As others have suggested, not a big deal in the grand scheme of thin...
by triceratop
Wed Jan 17, 2018 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell Ishares and invest in index funds?
Replies: 5
Views: 455

Re: Should I sell Ishares and invest in index funds?

Why do you use the word Ishares (really: iShares) in your post and title if your problem is about individual stocks and bonds? I am confused reading your OP. Please clarify.
by triceratop
Wed Jan 17, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: FSTVX - Fidelity Total Stock Index - Tax Implications
Replies: 22
Views: 1383

Re: FSTVX - Fidelity Total Stock Index - Tax Implications

I posted this about LTCG distributions in a different thread on FSTVX's tax efficiency: "[FSTVX distributed] about $0.50 per share for a fund that averaged around $70 in share price over the course of the year. Is this worth worrying about in a taxable account? My preference is for mutual funds ove...
by triceratop
Wed Jan 17, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 212
Views: 21840

Re: Case study Broker trade executions

1) Is the opening cross useful in tax loss harvesting when you are trying to avoid wash sales by using not substantially-identical ETF's? 2) Is it useful for buying Foreign ETF's when at least the European markets are open if not Asia? 1) I don't see why it would be useful for that. Maybe a little ...
by triceratop
Wed Jan 17, 2018 1:34 am
Forum: Investing - Help with Personal Investments
Topic: Help with tax efficient asset allocation for taxable account
Replies: 16
Views: 1343

Re: Help with tax efficient asset allocation for taxable account

Just to clarify: isn't having both limited-term and long-term funds redundant? I mean if minimizing risk and federal tax exemption is goal I can go with Intermediate-Term Tax-Exempt Fund, right? The idea is to use Limited-Term Tax-Exempt and NY Long-Term Tax-Exempt, so that you can get an intermedi...
by triceratop
Tue Jan 16, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Tax Forms Now Online
Replies: 39
Views: 2506

Re: Vanguard Tax Forms Now Online

Just got my 1099. Qualified dividends for Total Stock, Mid Cap and Small Cap are 94.78%, 87.18%, 65.72%, respectively. This compares to Vanguard's estimates of 94%, 89%, 71%, respectively. Wow. If they had gotten qualified dividends to 95%, they could've reported them as 100%. Big loss. The informa...
by triceratop
Tue Jan 16, 2018 7:16 pm
Forum: Investing - Theory, News & General
Topic: Amount of Treasury Bonds to Double -- Does Supply/Demand Apply Here?
Replies: 4
Views: 709

Re: Amount of Treasury Bonds to Double -- Does Supply/Demand Apply Here?

I would have to assume that demand has a huge impact on price, but I wonder, why would demand increase just because our government is spending much, much more money than it takes in? One of the more interesting stories from last week was that the most recent treasury auction was still highly oversu...
by triceratop
Tue Jan 16, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: Is lump sum or dollar cost averaging more in line with boglehead values?
Replies: 22
Views: 1538

Re: Is lump sum or dollar cost averaging more in line with boglehead values?

RRAAYY3 wrote:
Tue Jan 16, 2018 3:37 pm
we're all dollar cost averaging unless you literally lump sum every dollar ever invested at once and wait it out - which i highly doubt ever happens

do whatever keeps you investing
Periodically lump-summing newly available cash is different from DCA.
by triceratop
Tue Jan 16, 2018 3:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4244
Views: 1146186

Re: U.S. stocks in freefall

Whakamole wrote:
Tue Jan 16, 2018 2:53 pm
Is it time to panic yet?
:) Have to love the new sense of market 'volatility' when people are panicking on a day when a new all-time high is set.
by triceratop
Tue Jan 16, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Considering PhD...but so much to consider...
Replies: 51
Views: 3436

Re: Considering PhD...but so much to consider...

Perhaps your field is different, but in STEM you don't plan on walking out with your newly minted PhD and getting a $100k job. Typically the only options are PostDoc positions that pay ~$40k. This can last 3-6 years. I have many colleagues who are 5+ years out of the STEM PhD still making well belo...
by triceratop
Tue Jan 16, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Considering PhD...but so much to consider...
Replies: 51
Views: 3436

Re: Considering PhD...but so much to consider...

This whole situation is complicated by my current earnings. If I were to stay where I was vs. the PhD, it would take me about 18 years before I have made more with the PhD since I'm effectively making nothing for the 5 years I'm doing it. It might not be this bad. Don't compare your total current e...
by triceratop
Tue Jan 16, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: “Better Buy” Total US or International ?
Replies: 36
Views: 3747

Re: “Better Buy” Total US or International ?

How about the tax efficiency on the VWO (emerging market index)? Genefl: Morningstar ranks VWO somewhat less tax-efficient than Vanguard Total International (VGTSX). Personally I would not bother with VWO inasmuch as Total International already holds emerging market stocks. Strive for simplicity--n...
by triceratop
Tue Jan 16, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: “Future US Equity Returns: A Best-Case Upper Limit”
Replies: 20
Views: 1684

Re: “Future US Equity Returns: A Best-Case Upper Limit”

The 2nd figure shows that pension fund allocation to equities has been high since 1998, yet we had two great crashes after 1998. These are not incongruous in the context of the post, from my reading. There is not an attempt to explain pension fund asset allocation as the driver of multiple expansio...
by triceratop
Tue Jan 16, 2018 3:50 am
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 91
Views: 7743

Re: Paul Merriman and Small Cap Value

IJS is probably the best way to get exposure to small value. While it’s expense ratio is higher than others, they do enough share lending to make up for it. It also has the most liquidity. STAY AWAY from the Russell indices as they underperform significantly. About 95% of my domestic equity allocat...
by triceratop
Mon Jan 15, 2018 11:45 pm
Forum: Personal Consumer Issues
Topic: Besides Bogleheads, What Are Your Favorite Forums?
Replies: 92
Views: 9750

Re: Besides Bogleheads, What Are Your Favorite Forums?

Here are two suggestions: For Health, fitness, and bodybuilding: http://scoobysworkshop.com Lots of videos and interactive stuff. All n/c. Although I don’t spend much time there anymore (because I now have at least 10 correspondents around the world), I also like: http://www.fountainpennetwork.com/...
by triceratop
Mon Jan 15, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Considering PhD...but so much to consider...
Replies: 51
Views: 3436

Re: Considering PhD...but so much to consider...

BolderBoy wrote:
Mon Jan 15, 2018 9:35 pm
Would the PhD be about the money or would the PhD be about personal fulfillment?

I'm lukewarm about seeing you do it for the money.

I did mine for the personal fulfillment and the money just happened to be a secondary (BIG) side effect.
There is a lot of truth and wisdom here.