Search found 634 matches

by Longtermgrowth
Fri Oct 11, 2019 6:11 pm
Forum: Personal Investments
Topic: Small Value Tax Efficient Placement
Replies: 25
Views: 1477

Re: Small Value Tax Efficient Placement

Is there any income tax bracket when holding vanguard total international in the taxable is a bad idea? VSS in taxable bad idea? Have you seen the relative tax efficiency thread with the nice charts from Triceratop? One wasn't done for 2018 (that I know of), but it is still very useful: https://www...
by Longtermgrowth
Thu Oct 10, 2019 8:05 pm
Forum: Personal Investments
Topic: Preferred Stock Index Fund
Replies: 49
Views: 4798

Re: Preferred Stock Index Fund

I think if I held a decent chunk of PFFD, and happened to want to reduce financial exposure, I might pair it with PFXF (VanEck Vectors Preferred Securities ex Financials ETF) if the current 23% REITs in the fund didn't bother me: https://www.etf.com/PFXF#overview
by Longtermgrowth
Sun Oct 06, 2019 6:52 pm
Forum: Personal Investments
Topic: Small Value Tax Efficient Placement
Replies: 25
Views: 1477

Re: Small Value Tax Efficient Placement

Small value funds like VIOV have a lower dividend yield than total stock market funds, making them more tax efficient even with a slightly lower QDI (qualified dividend income) percentage. Vanguard Small Value: SEC yield= 2.25%, QDI= 76% VIOV (Vanguard S&P Small Cap 600 Value): SEC yield= 1.70%, QD...
by Longtermgrowth
Sun Oct 06, 2019 6:21 am
Forum: Personal Investments
Topic: Small Value Tax Efficient Placement
Replies: 25
Views: 1477

Re: Small Value Tax Efficient Placement

Small value funds like VIOV have a lower dividend yield than total stock market funds, making them more tax efficient even with a slightly lower QDI (qualified dividend income) percentage.
by Longtermgrowth
Sat Oct 05, 2019 5:39 am
Forum: Personal Investments
Topic: Preferred Stock Index Fund
Replies: 49
Views: 4798

Re: Preferred Stock Index Fund

Unless trading frequently, seems PFFD would be the better deal when looking at expense ratios and average spread. Even paying your broker for a block trade, if dealing with a larger amount, would be better than holding the higher expense ratio fund for many years... Just my opinion on the two funds.
by Longtermgrowth
Mon Sep 30, 2019 7:26 pm
Forum: Investing - Theory, News & General
Topic: Why does dividend investing not work?
Replies: 174
Views: 21968

Re: Why does dividend investing not work?

The title of this thread is "Why does dividend investing now work?" Who said dividend investing does not work, where is that coming from? Haha, how about: "Why does dividend investing not work on Bogleheads forum, but everywhere else?". I can answer that though: most Bogleheads want to simply own t...
by Longtermgrowth
Sat Sep 21, 2019 6:14 am
Forum: US Chapters
Topic: Where Bogleheads Live
Replies: 31
Views: 4625

Re: Where Bogleheads Live

I don't ever download these. It would be interesting if you could figure the percentage of listeners that download.

Edit: Ah, skimmed over too fast. How about those using a VPN? :D
by Longtermgrowth
Fri Sep 20, 2019 6:27 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Individual Stock Investing Increases Risk
Replies: 105
Views: 5810

Re: Larry Swedroe: Individual Stock Investing Increases Risk

Out of curiosity, willthrill81, have you assumed the role of randomwalker? Don't misinterpret. Just want to make sure we Bogleheads stay informed and that we understand the rules. I think it's great Larry's articles are posted here for comment and debate. I just remember rw being told he couldn't d...
by Longtermgrowth
Sat Sep 14, 2019 7:04 pm
Forum: Investing - Theory, News & General
Topic: Ex DFA CIO launches competitor which will also have ETFs
Replies: 118
Views: 10538

Re: Ex DFA CIO launches competitor which will also have ETFs

Wonder how many bogleheads will switch their S&P 600 value funds for this. I tilt via WisdomTree funds (domestic and international), but if these small value funds had been available at the time, no question would have gone with them. WisdomTree will have to cut their expense ratios by a good bit if...
by Longtermgrowth
Mon Sep 09, 2019 7:17 pm
Forum: Investing - Theory, News & General
Topic: Diversifying Across Factors - 2 Questions
Replies: 47
Views: 1935

Re: Diversifying Across Factors - 2 Questions

Thanks for the links! I understand your extreme example - but I don’t think it is “diversifying across factors.” Merriman’s approach has a Total Stock Market Index and 3 other US equity funds? So it must hold all US stocks. However, there must also be some of the same securities across those funds....
by Longtermgrowth
Mon Sep 09, 2019 6:11 pm
Forum: Investing - Theory, News & General
Topic: Diversifying Across Factors - 2 Questions
Replies: 47
Views: 1935

Re: Diversifying Across Factors - 2 Questions

At the extreme level, the US portion could only consist of an S&P 600 value fund like IJS: https://www.etf.com/IJS#overview I like Paul Merriman's approach of tilting to value and small, but not only holding small value: https://paulmerriman.com/best-in-class-etfs-for-the-ultimate-buy-and-hold-2019/
by Longtermgrowth
Mon Sep 09, 2019 3:01 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 662
Views: 49507

Re: Larry Swedroe: 3% is the new 4%

Hoping 3% is the perpetual withdrawal rate for a portfolio of around 50/50 stocks/fixed income, but maybe that's closer to 2%...
by Longtermgrowth
Sun Sep 08, 2019 12:11 am
Forum: Personal Consumer Issues
Topic: Does anybody replace HVAC capacitors presumptively before they fail as part of maintenance?
Replies: 44
Views: 3271

Re: Does anybody replace HVAC capacitors presumptively before they fail as part of maintenance?

I was told there's a range the system will operate in when mine quit, plus or minus some number. They may have seen that your capacitor is at the edge of that range. A note of caution for those considering testing or replacing yourself: even after cutting power to the system, the capacitor can still...
by Longtermgrowth
Wed Sep 04, 2019 5:57 pm
Forum: Investing - Theory, News & General
Topic: Should I place ETF orders when the market is closed?
Replies: 34
Views: 1833

Re: Should I place ETF orders when the market is closed?

I've placed a limit order after market close before. I wanted the low price of that day, and figured it might dip to that level the next day. It worked out well, but of course there was a good chance of the trade not executing.
by Longtermgrowth
Sun Sep 01, 2019 6:12 am
Forum: Personal Finance (Not Investing)
Topic: I have 8 checking accounts?????
Replies: 32
Views: 4415

Re: I have 8 checking accounts?????

When seeing the title of this thread, the first thought was another Wells Fargo victim!: https://en.m.wikipedia.org/wiki/Wells_Fargo_account_fraud_scandal If you can consolidate to 4, that would be a good idea. I have a few, and might close out one of them after a CD matures. The bank doesn't offer ...
by Longtermgrowth
Thu Aug 29, 2019 7:08 pm
Forum: Personal Investments
Topic: Thoughts on VIG
Replies: 15
Views: 1304

Re: Thoughts on VIG

VIG gives exposure to quality factor, but is expensive (Price/Prospective Earnings, Price/Book, Price/Cash Flow) compared to the total market (VTI). I use VYM (Vanguard High Dividend Yield ETF) for large value exposure, but if no preference for dividends, there are value focused funds that may make ...
by Longtermgrowth
Tue Aug 27, 2019 6:23 pm
Forum: Investing - Theory, News & General
Topic: Best of Bogleheads - your #1 takeaway
Replies: 151
Views: 14652

Re: Best of Bogleheads - your #1 takeaway

Hard to pick a top thing: Diversify, keep costs low, stick to your plan.

Many more good people out there than I would have imagined, and most of them seem to be right here on this forum :sharebeer
by Longtermgrowth
Wed Aug 21, 2019 8:15 pm
Forum: Investing - Theory, News & General
Topic: Preferred Stock
Replies: 27
Views: 1670

Re: Preferred Stock

Yes, it was mentioned before here: https://www.bogleheads.org/forum/viewtopic.php?t=242438#p4581780 When searching for that post, I came across thread where Rick posted (first reply in thread) back in 2008 mentioning a few of the risks of preferred stocks: https://www.bogleheads.org/forum/viewtopic....
by Longtermgrowth
Wed Aug 21, 2019 6:05 pm
Forum: Investing - Theory, News & General
Topic: Preferred Stock
Replies: 27
Views: 1670

Re: Preferred Stock

So where to put fixed income investments today Could always go with online CD's if not comfortable with bond funds at such low yields. Can still find 5 year CD's at close to 3%. Still can't believe Rick Ferri keeps fixed income, all but two years expenses, in preferred stocks. I can see putting a p...
by Longtermgrowth
Sat Aug 10, 2019 7:18 pm
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 11962

Re: Why do dividends still exist?

With increasing use of stock options in executive pay, a share buyback when stock options can be exercised is a transfer of value from shareholders to executives with stock options. Bingo. There's an interesting recent article in the Atlantic arguing that share buybacks have become the go-to strate...
by Longtermgrowth
Thu Aug 08, 2019 6:58 pm
Forum: Investing - Theory, News & General
Topic: AGG over BND
Replies: 10
Views: 918

Re: AGG over BND

Hmm... Maybe they were comparing average daily volume? AGG's is almost twice that of BND. "AGG’s all-in cost is low and more predictable than its rivals.": https://www.etf.com/AGG#overview I prefer IUSB (iShares Core Total USD Bond Market ETF) for the broader exposure to high yield bonds. Even IUSB ...
by Longtermgrowth
Sat Aug 03, 2019 4:51 am
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 18008

Re: Why Mr. Bogle prefers U.S stocks

As far as I can tell, the arguments for higher international allocations for U.S. investors seems to be performance chasing (based on various forecasts of future returns), a believe that they can find an optimal mix with some uncorrelated "diversification benefit" (despite no way of knowing what wi...
by Longtermgrowth
Wed Jul 31, 2019 1:23 am
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 18008

Re: Why Mr. Bogle prefers U.S stocks

TropikThunder wrote:
Wed Jul 31, 2019 1:17 am
Do you not know how to account for dividends, or are you just exaggerating to make a point?
Indeed, the dividends are fairly high over there too. Shame about the foreign taxes withheld.
by Longtermgrowth
Wed Jul 31, 2019 1:10 am
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 18008

Re: Why Mr. Bogle prefers U.S stocks

It's funny that today's closing price for VTIAX ( Vanguard Total Intl) is the same as April 2011. Hasn't been a good decade for this fund, hopefully the next one will have better luck! We shall see. If one part of the portfolio isn't disappointing you, you probably aren't diversified enough! I'm ju...
by Longtermgrowth
Wed Jul 31, 2019 12:45 am
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 18008

Re: Why Mr. Bogle prefers U.S stocks

Doesn't matter how many pages this thread goes, probably not going to convince anyone to do anything different. Hopefully it doesn't get anyone to sell international when it's cheap at least. Same for the US small value bashing. These threads are a dime a dozen now, but the links above from the prof...
by Longtermgrowth
Tue Jul 30, 2019 5:45 pm
Forum: Investing - Theory, News & General
Topic: VSS (Vanguard ex-US SmallCap) holds 6.9% cash?!
Replies: 3
Views: 495

Re: VSS (Vanguard ex-US SmallCap) holds 6.9% cash?!

^ Nice explanation. One of my favorite things about VSS is that it more than erases it's expense ratio after securities lending revenue.
by Longtermgrowth
Tue Jul 30, 2019 2:01 pm
Forum: Investing - Theory, News & General
Topic: A low-cost 5 fund Boglehead portfolio
Replies: 108
Views: 14037

Re: A low-cost 5 fund Boglehead portfolio

Another low cost Boglehead portfolio keeps running through my mind for those that don't want to tilt to value, or extremely to size, but do want the best exposure to international economies: VOO (Vanguard S&P 500 ETF) combined with VSS (Vanguard FTSE All-World ex-US Small-Cap ETF). The idea is alloc...
by Longtermgrowth
Mon Jul 29, 2019 1:32 am
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 18008

Re: Why Mr. Bogle prefers U.S stocks

Mr. Larimore, I view Mr. Bogle as nothing less than a saint for what he did for the average investor. He gave us all a fair shake with low cost index funds. I hold you in the same regard for all you've done over the years as well. However, none of us can tell the future, and diversifying into a much...
by Longtermgrowth
Sun Jul 28, 2019 4:56 am
Forum: Personal Investments
Topic: The new 1 fund portfolio
Replies: 57
Views: 8361

Re: The new 1 fund portfolio

As a 1 fund portfolio (which has healthily outperformed both VTWAX and VTIAX since inception), VTSAX has the additional benefit of sparking joy. https://i.imgur.com/6D7txMJ.jpg LOL! While I'm all for the US continuing to dominate even in the equity markets, valuations ex-US can't be ignored. I'm pr...
by Longtermgrowth
Sat Jul 20, 2019 7:49 pm
Forum: Personal Investments
Topic: Any downside to splitting portfolio?
Replies: 25
Views: 1899

Re: Any downside to splitting portfolio?

Bump. Please help. Excluding the income fund, I think some do this in taxable to reduce dividend yield for tax efficiency. They then equally or overweight the value funds in tax advantaged accounts. If this would simply overweight growth for you, the downside I see is you would be buying growth whe...
by Longtermgrowth
Fri Jul 19, 2019 3:11 pm
Forum: Personal Investments
Topic: WisdomTree DLS has P/CF of 9.61. Is that low enough for value??
Replies: 7
Views: 660

Re: WisdomTree DLS has P/CF of 9.61. Is that low enough for value??

YRT70 wrote:
Fri Jul 19, 2019 2:20 am
Thanks. Where can I see these numbers?
This link might work: http://portfolios.morningstar.com/fund/ ... ture=en-US
by Longtermgrowth
Thu Jul 18, 2019 11:03 pm
Forum: Personal Investments
Topic: WisdomTree DLS has P/CF of 9.61. Is that low enough for value??
Replies: 7
Views: 660

Re: WisdomTree DLS has P/CF of 9.61. Is that low enough for value??

Interesting; Morningstar shows P/CF of 5.52. It looks cheap compared to developed small blend (looking at SCZ (iShares MSCI EAFE Small-Cap ETF), which also excludes Canada). Per the numbers I currently see on M*: DLS P/E 11.01, P/B 1.04, P/S 0.55, P/CF 5.52. SCZ P/E 14.14, P/B 1.31, P/S 0.83, P/CF 6...
by Longtermgrowth
Sat Jul 06, 2019 6:34 pm
Forum: Investing - Theory, News & General
Topic: No More Posts Of Larry Swedroe Essays [by Random Walker]
Replies: 64
Views: 6995

Re: No More Posts Of Larry Swedroe Essays

This is an investment forum, not the three fund forum. Larry's links fit perfectly in the "Investing - Theory, News & General" section. I urge all moderators to have a group discussion along with the site owner. This just isn't right, and some of the regular attacks on these threads by the usual sus...
by Longtermgrowth
Thu Jun 27, 2019 5:58 pm
Forum: Investing - Theory, News & General
Topic: Ex DFA CIO launches competitor which will also have ETFs
Replies: 118
Views: 10538

Re: Ex DFA CIO launches competitor which will also have ETFs

Very cool! Competitively priced DFA ETFs are what I've been wishing for :happy
by Longtermgrowth
Thu Jun 27, 2019 5:48 pm
Forum: Investing - Theory, News & General
Topic: "Alice's Adventures in Factorland"
Replies: 209
Views: 10972

Re: "Alice's Adventures in Factorland"

Maybe this is a buy signal for US small value :wink:

Can't kick international small value comparing to international large though, right? If Alice is diversified globally, she'll be just fine.
by Longtermgrowth
Fri Jun 21, 2019 6:22 pm
Forum: Personal Investments
Topic: For those of you who have a factor diversified portfolio, what is yours?
Replies: 55
Views: 4295

Re: For those of you who have a factor diversified portfolio, what is yours?

:D I use the aforementioned WisdomTree funds (DLS, DGS) for international small value and VSS for international small blend. They make up over half of my international holdings, with the rest being in VXUS (total international). Domestically I tilt heavily to large value and slightly to small value ...
by Longtermgrowth
Thu Jun 20, 2019 7:48 pm
Forum: Personal Consumer Issues
Topic: What kind of Replacement A/C would you get ??
Replies: 59
Views: 6561

Re: What kind of Replacement A/C would you get ??

Surprised they didn't install a 4 ton system. Look up "ac size chart", even in zone 1 (deep south), 4 tons should be enough for up to 2400 square feet.

At least it's a two stage unit, so will hopefully remove enough humidity even though oversized.
by Longtermgrowth
Tue Jun 18, 2019 8:13 pm
Forum: Personal Investments
Topic: ETF Questions - VOE/SLYV & FNDC/DLS
Replies: 2
Views: 295

Re: ETF Questions - VOE/SLYV & FNDC/DLS

Both DLS and FNDC exclude emerging markets. Is there a reason you're excluding them? I like VSS (Vanguard FTSE All-World ex-US Small-Cap ETF) for international small blend since it includes emerging markets and holds over 3600 stocks. DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) pairs we...
by Longtermgrowth
Sat Jun 15, 2019 5:05 pm
Forum: Personal Investments
Topic: Vanguard Dividend ETF Offerings: VIG, VYM, VYMI
Replies: 7
Views: 1136

Re: Vanguard Dividend ETF Offerings: VIG, VYM, VYMI

I like the idea of evenly adding to those three if dividend funds are what you're set on. Gives decent diversification that way. Maybe consider pairing with total market funds instead if not completely set on only dividend funds. Most here will point out that selling a few shares of total market fun...
by Longtermgrowth
Fri Jun 14, 2019 6:26 am
Forum: Personal Investments
Topic: Higher dividend VG MF than VTSAX ? [Vanguard Mutual Fund]
Replies: 20
Views: 2583

Re: Higher dividend VG MF than VTSAX ?

BTW for high turnover(13%) funds like this, I read that there will be taxes due from CG and dividends within the fund itself at the end of the year. Is that true ? Do you need to file taxes including the CG and dividends just like with stocks (Even though you are still holding it and did not sell i...
by Longtermgrowth
Thu Jun 13, 2019 3:22 pm
Forum: Personal Investments
Topic: Higher dividend VG MF than VTSAX ? [Vanguard Mutual Fund]
Replies: 20
Views: 2583

Re: Higher dividend VG MF than VTSAX ?

FIREplanning wrote:
Thu Jun 13, 2019 2:35 pm
hi I know about dividend as part of the total return strategy, that's why I own VTSAX but wanna know additional choices that pays higher dividend at the same time.
Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX):

https://investor.vanguard.com/mutual-fu ... file/vhyax
by Longtermgrowth
Sun Jun 02, 2019 11:35 pm
Forum: Investing - Theory, News & General
Topic: International Small-cap Value Funds ??
Replies: 96
Views: 15927

Re: International Small-cap Value Funds ??

What made you choose this vs just a VSS with lower fees ? DLS, along with DGS, was the best way among ETFs to get an international small value tilt. They compare very closely to DFA funds on portfolio visualizer. Unfortunately DFA doesn't offer easy access to their funds or an ETF version of them =...
by Longtermgrowth
Sun Jun 02, 2019 8:10 pm
Forum: Investing - Theory, News & General
Topic: International Small-cap Value Funds ??
Replies: 96
Views: 15927

Re: International Small-cap Value Funds ??

I like Merriman's Ultimate-buy-and-hold approach. However, Vanguard does not seem to have any funds for the "International small cap value" asset class. Are there any alternatives that work, other than going to DFA? At one time Paul himself suggested DLS, but rather he still does or not I don't kno...
by Longtermgrowth
Fri May 31, 2019 5:29 pm
Forum: Investing - Theory, News & General
Topic: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 183
Views: 13529

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

#Cruncher wrote:
Fri May 31, 2019 4:50 pm
here are the returns [2] of a nominal and real annuity for various life expectancies.


That chart is interesting, but what if inflation spikes in the first few decades of payouts?
Todays low interest rates and current low inflation may look quite different even just a decade down the road :?
by Longtermgrowth
Fri May 17, 2019 4:04 pm
Forum: Investing - Theory, News & General
Topic: Bonds beyond Total Bond Market - Anyone ?
Replies: 47
Views: 3828

Re: Bonds beyond Total Bond Market - Anyone ?

Surprised IUSB (iShares Core Total USD Bond Market ETF) hasn't been mentioned:

"Exposure to potentially higher yielding bonds not included in the Bloomberg Barclays U.S. Aggregate Bond Index"

https://www.ishares.com/us/products/264 ... market-etf
by Longtermgrowth
Thu May 16, 2019 4:02 am
Forum: Personal Investments
Topic: How invest $1.5 million to assure at least $30K income per year in 2019 dollars?
Replies: 13
Views: 3405

Re: How invest $1.5 million to assure at least $30K income per year in 2019 dollars?

Very sorry to hear the situation. Glad you can put enough away to ensure future care though. I like the idea of a CPI annuity, at least for the fixed income portion, but must take into consideration your state guaranty limit. As far as I know, there is only one annuity provider currently offering a ...
by Longtermgrowth
Thu May 16, 2019 3:25 am
Forum: Personal Investments
Topic: Using Value Averaging on Vanguard's Small Caps Growth (VBK)
Replies: 3
Views: 349

Re: Using Value Averaging on Vanguard's Small Caps Growth (VBK)

The general Boglehead view is to hold a constant allocation to stocks/bonds per ones need, willingness and ability to take risk. Just rebalance from one to the other to maintain desired allocation. Total market funds are the default holding recommendation, but many tilt their stock holdings to riski...
by Longtermgrowth
Sat May 04, 2019 4:58 pm
Forum: Personal Investments
Topic: Vanguard Free/Zero Funds
Replies: 43
Views: 4558

Re: Vanguard Free/Zero Funds

What's the general consensus if Vanguard will ever start offering 0% ER funds like Fidelity is now offering? Some of Vanguard's funds are there or past it after securities lending revenue. VSS (Vanguard FTSE All-World ex-US Small-Cap ETF) has enough securities lending revenue to more than offset it...
by Longtermgrowth
Sun Apr 07, 2019 3:43 pm
Forum: Personal Investments
Topic: Ultimate Buy and Hold...thoughts?
Replies: 38
Views: 6570

Re: Ultimate Buy and Hold...thoughts?

Rather going with the fine tuning of the extra funds or with the simpler version mentioned by livesoft, both are a good way to go if believing in the size and value premium. Paul Merriman is a stand up guy trying to help investors. He is no different than Bogle and Taylor Larimore in that regard, an...
by Longtermgrowth
Sat Mar 30, 2019 6:06 pm
Forum: Personal Consumer Issues
Topic: I drive 8000 miles a year, what car do you recommend?
Replies: 39
Views: 3494

Re: I drive 8000 miles a year, what car do you recommend?

With that low mileage, I'd look for the most power for my money. Maybe a base V6 instead of another hybrid (doubt a new V8 would be low enough in price compared to a prius). Might be able to find a good price on a Dodge Charger or Challenger depending on time of year. Those are heavier vehicles, whi...