Search found 4792 matches

by triceratop
Thu Oct 18, 2018 6:52 pm
Forum: Investing - Theory, News & General
Topic: So...what’s Plan B [for your retirement security]?
Replies: 20
Views: 2171

Re: So...what’s Plan B [for your retirement security]?

^^To clarify the question, I edited the thread title.
by triceratop
Thu Oct 18, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: What do index funds do when firm's market cap drops?
Replies: 17
Views: 1348

Re: What do index funds do when firm's market cap drops?

Not that anyone is keeping score, but that was my point. It's a good point that this discussion of reinvestment of dividends by mutual funds/ETFs is tied directly back to the OP's question since otherwise market cap would drift during the year, before distributions by the mutual funds/ETFs would be ...
by triceratop
Thu Oct 18, 2018 5:46 pm
Forum: Investing - Theory, News & General
Topic: What do index funds do when firm's market cap drops?
Replies: 17
Views: 1348

Re: What do index funds do when firm's market cap drops?

Regarding the S&P 500 index Total Return, an interesting factoid is that there are a couple different S&P 500 Total Return indexes that represent different periods where the 'Total Return' index followed a different scheme reinvesting dividends http://www.cftech.com/index.php/the-brainbank-archive/...
by triceratop
Thu Oct 18, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: What do index funds do when firm's market cap drops?
Replies: 17
Views: 1348

Re: What do index funds do when firm's market cap drops?

If a company pays dividends, and those dividends must be reinvested in weighted portfolio, would the top performers receive a benefit from the dividend payers? Dividends are not reinvested in typical mutual funds or ETFs. They are distributed to the shareholders. This is not exactly true. Dividends...
by triceratop
Wed Oct 17, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Finally ready to start investing in RothIRA (23yrs old)
Replies: 27
Views: 1380

Re: Finally ready to start investing in RothIRA (23yrs old)

Hello from another graduate research assistant. Sounds like you're set for earned income for 2018. For 2019, your stipend may represent earned income, especially if it is W-2 income. However if you have a fellowship of any kind things can get complicated (still worth having the fellowship, of cours...
by triceratop
Wed Oct 17, 2018 12:05 am
Forum: Investing - Theory, News & General
Topic: Dividend withholding makes actual ER of Total International 0.32%?
Replies: 7
Views: 1030

Re: Dividend withholding makes actual ER of Total International 0.32%?

I've frequently made that argument. One of the retorts, is if you hold international in a taxable account, you can claim a credit for much of the foreign withholding on your income taxes. I think if you're going to make this retort (not saying you are, but the people making the retort to you), you ...
by triceratop
Tue Oct 16, 2018 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?
Replies: 55
Views: 2716

Re: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?

Unfortunately thanks to bogleheads.org I learned that it is not allowed to buy a lottery ticket as an asset in a self-directed Roth IRA. So, I will not be buying a ticket. If I had been able to buy inside a Roth IRA, I would play the lottery simply because of the satisfaction it would give me for pl...
by triceratop
Tue Oct 16, 2018 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: 6 month Treasury Note: "Bond" or "Cash"?
Replies: 47
Views: 3561

Re: 6 month Treasury Note: "Bond" or "Cash"?

Given the certainty with which you've asserted your viewpoints I would like to see a reference. You stated that all deposits are cash and that it is synonymous with FDIC insurance, but I don't see the equivalence as at all true since there are two dimensions to fixed income and FDIC insurance only ...
by triceratop
Tue Oct 16, 2018 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Finally ready to start investing in RothIRA (23yrs old)
Replies: 27
Views: 1380

Re: Finally ready to start investing in RothIRA (23yrs old)

Hello from another graduate research assistant. Sounds like you're set for earned income for 2018. For 2019, your stipend may represent earned income, especially if it is W-2 income. However if you have a fellowship of any kind things can get complicated (still worth having the fellowship, of course...
by triceratop
Mon Oct 15, 2018 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: 6 month Treasury Note: "Bond" or "Cash"?
Replies: 47
Views: 3561

Re: 6 month Treasury Note: "Bond" or "Cash"?

This definition of money markets vs. capital markets, which I've previously described briefly , is consistent with my investment textbooks. I would prefer to cite those as references, but everyone doesn't have access to them. Given the stubborn unteachability with which you seem to be approaching t...
by triceratop
Mon Oct 15, 2018 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Exchanging VT total world stock for VTI & VXUS
Replies: 14
Views: 796

Re: Exchanging VT total world stock for VTI & VXUS

IMO, the biggest reason to split VT is to reduced the expense ratio. You can adjust the drift over long periods if you choose, but I think it will take a decade for that effect to exceed the few basis points in fees. There's also foreign tax, but that's another small factor. Enjoy simplicity or enj...
by triceratop
Mon Oct 15, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Exchanging VT total world stock for VTI & VXUS
Replies: 14
Views: 796

Re: Exchanging VT total world stock for VTI & VXUS

Why do you believe the following? As I've learned more, I realize that I may want the flexibility to selectively sell US or International when I'm in retirement. I'm not the OP, but I believe this year provides a good example. If I were in retirement, would I prefer to sell US or sell ex-US this ye...
by triceratop
Mon Oct 15, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Exchanging VT total world stock for VTI & VXUS
Replies: 14
Views: 796

Re: Exchanging VT total world stock for VTI & VXUS

fsh71 wrote:
Mon Oct 15, 2018 12:06 pm
Are there any other considerations I need to be aware?
Why do you believe the following?
As I've learned more, I realize that I may want the flexibility to selectively sell US or International when I'm in retirement.
by triceratop
Mon Oct 15, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Can't immediately exchange ETF for another? (Merrill Edge)
Replies: 10
Views: 500

Re: Can't immediately exchange ETF for another? (Merrill Edge)

rgs92 wrote:
Mon Oct 15, 2018 11:37 am
Why do you want to switch these ETFs? They are about equivalent.
In a taxable account, the fact they are similar (note: not about equivalent -- IEFA is missing emerging markets) can be helpful for tax reasons, especially given recent price declines. There are fine reasons for doing this switch.
by triceratop
Mon Oct 15, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Can't immediately exchange ETF for another? (Merrill Edge)
Replies: 10
Views: 500

Re: Can't immediately exchange ETF for another? (Merrill Edge)

I can do this at Merrill Edge. I do not know why you cannot (no, I do not have a margin account). Could you try calling and asking again -- maybe the rep was wrong? Otherwise, their understanding of the word "settlement" reminds me of a certain Seinfeld sketch on the meaning of a "car reservation": ...
by triceratop
Sun Oct 14, 2018 6:28 pm
Forum: Personal Consumer Issues
Topic: Maui - Ka'anapali Beach Hotel
Replies: 15
Views: 1974

Re: Maui - Ka'anapali Beach Hotel

My impression of the Ka'anapali Beach Hotel is that if I were a local I would be very upset at its existence. As a tourist I stayed in much more modest lodging, also on the west side of the island, and even I was offended by the existence of the monstrosity that is this hotel. However, by all appear...
by triceratop
Sun Oct 14, 2018 5:40 pm
Forum: Forum Issues and Administration
Topic: would someone explain to me
Replies: 8
Views: 813

Re: would someone explain to me

Please note that discussions related to global warming / climate policy are off-topic. From experience, and as pointed out by quantAndHold, these threads devolve into controversial arguments which are a distraction for the community. From the forum policies: Non-actionable (Trolling) Topics If reade...
by triceratop
Sun Oct 14, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4629

Re: Is EMH a tautology?

^ Yes to be clear I was not referring to Momentum for one of Thaler's counterexamples. His are far more amusing, involving Cuba!
by triceratop
Sun Oct 14, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: Do recessions follow tax cuts?
Replies: 2
Views: 414

Re: Do recessions follow tax cuts?

Unfortunately, past experience has shown that these topics cannot be discussed in this forum and the forum policies prohibit discussion of "US or world economic, political, tax, health care and climate policies". Therefore, this topic is locked.
by triceratop
Sun Oct 14, 2018 2:39 pm
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4629

Re: Is EMH a tautology?

The primary implication of the EMH that people focus on is that it is impossible to beat the market on a consistent basis. People were diversifying before the advent of these funds and EMH theory to gain enough exposure to the broader market and rise with it. Again, your first sentence (even if it ...
by triceratop
Sun Oct 14, 2018 2:12 pm
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4629

Re: Is EMH a tautology?

There is a good discussion between Thaler and Fama with Andrew Lo on Youtube, here . Thanks for sharing the video--I enjoyed listening to it! Thank you for saying so! I find it more informative of what these academics think than many comments which purport to describe their beliefs, which coinciden...
by triceratop
Sat Oct 13, 2018 5:50 pm
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4629

Re: Is EMH a tautology?

Dottie57 wrote:
Sat Oct 13, 2018 5:48 pm
If the U.S. market is efficient, what caused it to go down much of last week?
Do not confuse efficiency with explainability.
by triceratop
Sat Oct 13, 2018 5:47 pm
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4629

Re: Is EMH a tautology?

There is a good discussion between Thaler and Fama with Andrew Lo on Youtube, here . Thaler presents what would otherwise be considered counterexamples of EMH but Fama dismisses their importance, claiming these anomalies as a clear error of the asset pricing model. There is discussion of the joint h...
by triceratop
Sat Oct 13, 2018 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 78
Views: 14658

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

Interesting about Schwab. Because the cash from maturing T bills never seemed to “hit” my brokerage account until late late in the evening the day of maturity. But you’re saying I should be able to “match” a purchase of a new issue T bill with a maturing T bill without having to call, or use margin...
by triceratop
Sat Oct 13, 2018 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 78
Views: 14658

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

Question: I have 26-week T-bills maturing 10/11/2018. There happens to be an auction for 26-week T-bills on 10/11/2018. As previously discussed Schwab does not allow rollover of Treasuries. However, since they know it is maturing at face value, will they allow me to place an auction order, since se...
by triceratop
Fri Oct 12, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Best Roth Provider For Low $s
Replies: 8
Views: 396

Re: Best Roth Provider For Low $s

You're right, I read the wrong page.

Fidelity then.
by triceratop
Fri Oct 12, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Best Roth Provider For Low $s
Replies: 8
Views: 396

Re: Best Roth Provider For Low $s

Use Schwab. There is another exception besides the $100 automatic monthly transfer. 5. The $1,000 minimum required to open an account is waived if you set up an automatic monthly transfer of $100 through direct deposit or Schwab MoneyLink® or open a Schwab Bank High Yield Investor Checking® account ...
by triceratop
Thu Oct 11, 2018 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 108
Views: 7504

Re: What did you buy today

I bought myself a drink to make myself forget I spent all my cash, and my first Roth IRA contributions in 4 years, on VSS yesterday.
by triceratop
Thu Oct 11, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: What ETF to keep in a Merrill Edge account for Platinum Honors
Replies: 6
Views: 469

Re: What ETF to keep in a Merrill Edge account for Platinum Honors

I might have missed this but, why must you handicap yourself by forcing yourself to own a completely tax-free bond fund in ETF form? What about equities, treasuries, or national munis? How does this fit into your overall asset allocation?
by triceratop
Wed Oct 10, 2018 10:16 pm
Forum: Investing - Theory, News & General
Topic: Diversifying with a zero-correlation, zero-return volatile asset
Replies: 66
Views: 3540

Re: Diversifying with a zero-correlation, zero-return volatile asset

AlphaLess wrote:
Wed Oct 10, 2018 9:59 pm
triceratop wrote:
Wed Oct 10, 2018 12:49 am
AlphaLess wrote:
Tue Oct 09, 2018 11:16 pm
Do you play this game with Warren?
Yes: my Uncle, let's call him "Sam", told me to. Persuasive fellow.
Are you sure it is Uncle Sam, and not Uncle Harris(burg) of the Pennsylvania fame?
It's a strange abbreviation -- Uncle Sa(cre)m(ento).
by triceratop
Wed Oct 10, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: Has any economist created something you actually USE?
Replies: 3
Views: 367

Re: Has any economist created something you actually USE?

This topic is now locked: off topic (not actionable). It is not investing related.
by triceratop
Wed Oct 10, 2018 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: When stocks and bonds drop at the same time, what do you do?
Replies: 40
Views: 4435

Re: When stocks and bonds drop at the same time, what do you do?

artking99 wrote:
Wed Oct 10, 2018 3:29 pm
Last time this happens, it was around 08 financial crash.
I think it happened earlier this year too, in January/February. At the time, I did nothing special.
by triceratop
Wed Oct 10, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Taking advantage of the current correction
Replies: 28
Views: 3581

Re: Taking advantage of the current correction

"Somebody"? Robots are people, my friend. ;)
by triceratop
Wed Oct 10, 2018 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Taking advantage of the current correction
Replies: 28
Views: 3581

Re: Taking advantage of the current correction

livesoft wrote:
Wed Oct 10, 2018 3:17 pm
It is pretty far from the standard Wall Street definition of a correction.

Today's drop is not as bad as the two drops in February.
This is true, in so much as VWO was in bear market territory.
by triceratop
Wed Oct 10, 2018 3:16 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 RBD?
Replies: 28
Views: 2063

Re: S&P 500 RBD?

FIREchief wrote:
Wed Oct 10, 2018 2:28 pm
Well it is October.... :twisted:
I think the Hunt for Red October is over, we found it, it's here!
by triceratop
Wed Oct 10, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: Paul Romer & William Nordhaus share Nobel Prize in Economics
Replies: 16
Views: 1502

Re: Paul Romer & William Nordhaus share Nobel Prize in Economics

Re: Bogle, the best (which is not to say "good") argument for him might lie in his senior thesis, outlining the conflicts in fund management companies. I'm not sure how substantive it is as a matter of economic science, whatever its impact on the practice of financial capitalism has been.
by triceratop
Wed Oct 10, 2018 1:33 pm
Forum: Personal Consumer Issues
Topic: Very few junk phone calls in Spain?
Replies: 14
Views: 683

Re: Very few junk phone calls in Spain?

A funny story is that despite being on the do not call list, this year's American winner of the Nobel prize in Economics (yeah yeah) didn't answer the phone call informing him of his win. It was only after checking caller ID that he thought he might return a call from Sweden in Nobel season. Our do ...
by triceratop
Wed Oct 10, 2018 12:49 am
Forum: Investing - Theory, News & General
Topic: Diversifying with a zero-correlation, zero-return volatile asset
Replies: 66
Views: 3540

Re: Diversifying with a zero-correlation, zero-return volatile asset

AlphaLess wrote:
Tue Oct 09, 2018 11:16 pm
Do you play this game with Warren?
Yes: my Uncle, let's call him "Sam", told me to. Persuasive fellow.
by triceratop
Tue Oct 09, 2018 10:34 pm
Forum: Investing - Theory, News & General
Topic: 2018 Bogleheads Conference Notes
Replies: 36
Views: 5078

Re: 2018 Bogleheads Conference Notes

By the way you can change the Chrome "autoplay-policy" easily, which I recommend. Here is the current link to my photos.... PS. For those of you who are curious about my photographic process, here goes!... I think there is something wrong with your "process". Everyone at the meeting looked 10 years ...
by triceratop
Tue Oct 09, 2018 9:34 pm
Forum: Investing - Theory, News & General
Topic: 1-year Treasury Bill auction
Replies: 57
Views: 5820

Re: 1-year Treasury Bill auction

The 1-year (52-week) Treasury Bill, price at auction today was 97.391333, with investment rate of 2.668%, which for me is TEY of 2.996%% and TEY-APY of 3.016%. This is about 52 basis points above my savings account at 2.50%, so a very nice yield premium for extending maturity by one year. This bill...
by triceratop
Tue Oct 09, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 78
Views: 14658

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

It appears treasury bills are available for purchase at TD Ameritrade. Is there a reason NOT to purchase there vs. Schwab/Fidelity? Are they stil charging $25 for buying treasuries at auction? That would be a good reason. Do they also still have a minimum transaction of 5 bonds for trades? I see th...
by triceratop
Tue Oct 09, 2018 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 78
Views: 14658

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

wannabebogler wrote:
Tue Oct 09, 2018 8:48 pm
It appears treasury bills are available for purchase at TD Ameritrade. Is there a reason NOT to purchase there vs. Schwab/Fidelity?
Are they stil charging $25 for buying treasuries at auction? That would be a good reason. Do they also still have a minimum transaction of 5 bonds for trades?
by triceratop
Tue Oct 09, 2018 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 78
Views: 14658

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

That's reasonable. I don't want to open a Fidelity account just for T-bills, and I already have a schwab checking account that I do my primary banking with, and which is closely integrated with the brokerage account. It takes a simple calendar entry to remind me and a few extra clicks to actually ma...
by triceratop
Tue Oct 09, 2018 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 78
Views: 14658

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

This trade executed, to settle 10/11 coinciding with my previous bill maturing. All is smooth sailing so far. Will this T-bill continue to automatically auto-roll or do you need to call Schwab each time to arrange it? I would quibble with your use of the word "continue", since even this time it was...
by triceratop
Tue Oct 09, 2018 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 78
Views: 14658

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

Question: I have 26-week T-bills maturing 10/11/2018. There happens to be an auction for 26-week T-bills on 10/11/2018. As previously discussed Schwab does not allow rollover of Treasuries. However, since they know it is maturing at face value, will they allow me to place an auction order, since se...
by triceratop
Sat Oct 06, 2018 6:49 pm
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 98
Views: 16429

Re: 2017 Relative Tax Efficiency

Thanks for the explanation. Does the Dividend Distribution / share row equal the amount of dividends paid after foreign taxes are with held? That would be the dividend distributions that actually hit your brokerage account. Yes. I am also curious if the M* 12 month yield for VXUS is before or after...
by triceratop
Sat Oct 06, 2018 3:58 pm
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 98
Views: 16429

Re: 2017 Relative Tax Efficiency

Foreign taxes paid by the fund are not distributed to you but still taxable to you as income distributed by the companies. The spreadsheet is adding those phantom dividends back in, taxing them, then assigning you the credit. That is, it is incorrect to think that your taxable income is only affecte...
by triceratop
Fri Oct 05, 2018 5:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 177
Views: 22526

Re: Vanguard - You'll need to sign up for security codes soon

I expect FIDO2 U2F-based security codes to be a brand new feature sometime next century? ;)

I trust my phone less than almost anything else.
by triceratop
Fri Oct 05, 2018 5:10 pm
Forum: Personal Consumer Issues
Topic: What purchase saved you the most money?
Replies: 136
Views: 12659

Re: What purchase saved you the most money?

I'm shocked that this has made it to 50 replies without the item which has saved me enormous amounts of money being mentioned. No, I won't be sharing what the purchase was. I am proud too of how much my clippers have saved me in haircut expenses, but the resulting haircuts have probably saved me fro...