Search found 567 matches

by VaR
Tue Aug 14, 2018 4:47 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 355
Views: 20159

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Another interesting tidbit about the tear that U.S. markets have been on in the past decade: 1. Total market capitalization of the S&P 500 in 2008 - about $11 trillion. 2. Total market capitalization of the S&P 500 on 3/31/2018 - about $23.6 trillion 3. Market cap of Apple: 3/31/2008 =$123 billion ;...
by VaR
Tue Aug 14, 2018 3:56 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 355
Views: 20159

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

The inception date of Vanguard Total Stock U.S. Stock Market Index Fund ( VTSMX ) was 4/27/1992. The inception date of Vanguard Total International Stock Index Fund ( VGTSX ) was 4/29/1996. Per Morningstar , as of 8/13/2018, if you had invested $10,000 in both funds on 4/30/1996, you would currentl...
by VaR
Thu Aug 09, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: Illiquidiity scenarios for Mutual Funds/ETFs
Replies: 21
Views: 1144

Re: Illiquidiity scenarios for Mutual Funds/ETFs

Vanguard has previously said they were uncomfortable with offering an ETF on potentially illiquid junk bonds because: 1. ETFs on junk bonds tend to trade at a premium to NAV when money is flowing into the asset class and at a discount to NAV when money is flowing out of the asset class. “Those swing...
by VaR
Sat Jul 21, 2018 10:42 pm
Forum: Personal Consumer Issues
Topic: Rain shower
Replies: 25
Views: 2590

Re: Rain shower

I concur with those saying that it's a personal preference whether a rain shower head is enjoyable or annoying. I got one that I never use. I wish I had spent the money instead on a combination regular shower head and slide mounted hand shower that would double-up as a second shower head at a differ...
by VaR
Sat Jul 21, 2018 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Structured Note
Replies: 19
Views: 1497

Re: Structured Note

I think it's also worth noting that these products are designed to play to people's cognitive biases - particularly loss aversion. That combined with the fact that they are designed to make money for the issuer means that you are getting the short end of the stick. As an alternative it's financially...
by VaR
Sat Jul 21, 2018 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Sub-Asset Allocation Model, Personal Advisor Service
Replies: 26
Views: 2434

Re: Vanguard Sub-Asset Allocation Model, Personal Advisor Service

VaR ...... I should have been a little more specific regarding my PAS's discussion of factor tilting. I took some liberties with terms. He said there is a bit of market segment chasing in these funds. IOW, the holdings in a particular factor fund might be trending upward in value but by the time th...
by VaR
Sat Jul 21, 2018 2:41 am
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 8794

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

Unless, of course, your net worth is $10 million from before. In that case, you can keep it. Well, at $10 MM the $1 million position would be 10% of assets and likely more than 10% of investable assets and so it would still be a concentrated position. As a result any advisor would recommend that yo...
by VaR
Sat Jul 21, 2018 2:33 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Sub-Asset Allocation Model, Personal Advisor Service
Replies: 26
Views: 2434

Re: Vanguard Sub-Asset Allocation Model, Personal Advisor Service

Here is what my PAS said about factor tilting: we can do this by adding funds to you portfolio that accomplish factor tilting if you want to do that. The up-side is that factor tilting funds have the potential for better performance over time than an Index fund. It requires some element of market t...
by VaR
Sat Jul 21, 2018 2:13 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 13276

Re: Should I Dump a Pile of Money on Young Son?

Here's some information that might provide some context that everyone might not have calculated out. If that $1 million is invested for 30 years, it could end up as $6-8 million, or even more. Possibly less as well, but $6-8 is a good expected value for 6-7% compound annual returns. Note that by the...
by VaR
Sat Jul 21, 2018 1:46 am
Forum: Investing - Help with Personal Investments
Topic: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction
Replies: 40
Views: 6296

Re: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction

@VaR: Re: #2, where do you suggest I find fee-only advisors? AFAICT Vanguard advisors charge 30 bps in AUM, so aren't fee-only, right? As per this thread , the top recommendations seem to be finding one through http://www.napfa.org/ or https://www.garrettplanningnetwork.com// Re #4, I did set aside...
by VaR
Fri Jul 20, 2018 3:55 am
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 8794

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

Unless, of course, your net worth is $10 million from before. In that case, you can keep it. Well, at $10 MM the $1 million position would be 10% of assets and likely more than 10% of investable assets and so it would still be a concentrated position. As a result any advisor would recommend that yo...
by VaR
Thu Jul 19, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 8794

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

I may have. I see giving up the $35,000 annually as a potential mistake. I don't disagree in being diversified but if this is a solid asset and the OP is comfortable owing an individual stock then he should run with it. If not, then go with index funds. Giving up the free lunch of diversification i...
by VaR
Thu Jul 19, 2018 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Sub-Asset Allocation Model, Personal Advisor Service
Replies: 26
Views: 2434

Re: Vanguard Sub-Asset Allocation Model, Personal Advisor Service

Thanks, VaR ....... appropriate, detailed and very useful in my circumstance. Just printed out the IPS page you linked to. I'll be working on that. I will read the threads you suggested. You're very welcome. Let me know if you want some help in finding the threads. I don't know them offhand but I'v...
by VaR
Thu Jul 19, 2018 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 8794

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

Besides agreeing with everyone else advising to sell and diversify now when there are no capital gains due to step-up basis, I'd like to observe that we get a fair number of people coming to the forum asking for advice on what to do when they have a concentrated position (usually with AAPL) with a f...
by VaR
Wed Jul 18, 2018 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Why Does Vanguard Emerging Markets not Tie to Market Caps?
Replies: 7
Views: 874

Re: Why Does Vanguard Emerging Markets not Tie to Market Caps?

You're not looking at free float, are you? Most stock indexes intended for investment adjust weights for float. I wasn't aware of that. So when we say market cap weighted which we do on here constantly, that is a misnomer. It should be free float market cap weighted as there are some rather large d...
by VaR
Wed Jul 18, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Sub-Asset Allocation Model, Personal Advisor Service
Replies: 26
Views: 2434

Re: Vanguard Sub-Asset Allocation Model, Personal Advisor Service

There's nothing to complain about with the Vanguard PAS recommendation. It's a textbook portfolio for your age and risk tolerance. Here are some highlights on what I think are its worthwhile corrections to the original portfolio allocations, IMHO: 1. It eliminates a moderate tilt towards "small vs l...
by VaR
Tue Jul 17, 2018 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: How to reinvest previous years gains to facilitate compounding effect.
Replies: 6
Views: 787

Re: How to reinvest previous years gains to facilitate compounding effect.

I do the following: 1. Set all tax-advantaged accounts (IRA, Roth, 401k, etc) to "reinvest" so that distributions are plowed back into the an approximation of my original asset allocations. 2. Set my taxable accounts to "cash". I do this because I want to avoid small tax lots. Strictly speaking, thi...
by VaR
Tue Jul 17, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: When to invest 100000?
Replies: 36
Views: 2663

Re: When to invest 100000?

First, read the following two articles from the wiki: https://www.bogleheads.org/wiki/Managing_a_windfall - in case this $100k is a windfall to you https://www.bogleheads.org/wiki/Dollar_cost_averaging#Dollar_cost_averaging_versus_lump_sum - summarizes the tradeoffs between lump sum investment of a ...
by VaR
Tue Jul 17, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Where to get a $100 bill?
Replies: 49
Views: 5113

Re: Where to get a $100 bill?

Giving a $100 bill as a gift is not necessarily a good idea. I know it is legal tender, but most merchants are reluctant to accept it unless the purchase is greater than $50. Why not just give two $50 bills or five $20 bills? I'm not sure why, but giving a crisp new Benjamin as a cash gift in an en...
by VaR
Tue Jul 17, 2018 4:46 pm
Forum: Personal Consumer Issues
Topic: Excel Spread sheets -mac or. Windows?
Replies: 21
Views: 1090

Re: Excel Spread sheets -mac or. Windows?

Another possible solution is to use the online version of Excel at https://office.live.com/start/Excel.aspx As someone said above, my preferred choice is to import the Excel sheet into Google Sheets, but if there are compatibility issues I will sometimes just use it in Excel online instead of fixing...
by VaR
Tue Jul 17, 2018 4:20 pm
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 5936

Re: Going solar?

No, I asked and they don't do leases. Maybe I will try another company Conventional wisdom says that owning your panels is better than leasing, financially speaking. https://www.energysage.com/solar/financing/should-you-buy-or-lease-your-solar-panel-system/ [With a solar loan/cash purchase] You can...
by VaR
Mon Jul 16, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Class Reunion Fund: How to Hold and Where to Invest?
Replies: 14
Views: 805

Re: Class Reunion Fund: How to Hold and Where to Invest?

I've never done this myself, but it seems to me that alumni organizations often file for an EIN as a 501(c)(7) organization - a tax-exempt social or recreational club that is organized for pleasure, recreation, and other nonprofitable purposes. That way you don't have to worry about paying income ta...
by VaR
Mon Jul 16, 2018 6:19 am
Forum: Investing - Theory, News & General
Topic: Six stocks make up 98% of S&P 500 gains in 2018
Replies: 76
Views: 10588

Re: Six stocks make up 98% of S&P 500 gains in 2018

My understanding is Netflix is basically priced as if it will account for 50% of the entire TV industry in 10 years. That just doesn't seem very likely to me. I agree that it is unlikely that Netflix will account for 50% of the entire TV industry in 10 years, but I suspect that the analysis that le...
by VaR
Sun Jul 15, 2018 6:49 pm
Forum: Personal Consumer Issues
Topic: Seeking advice about "defective" computer
Replies: 22
Views: 1545

Re: Seeking advice about "defective" computer

What's the reason everyone seems to be shy about having a tech come out and replace the motherboard? It failed once but was "flea rebooted" back into working. This seems to me to tilt the scales slightly towards a new motherboard being better than the old motherboard, since the old one got into a fa...
by VaR
Sun Jul 15, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Helping parent invest small windfall near retirement
Replies: 14
Views: 1082

Re: Helping parent invest small windfall near retirement

There is a good chance your mother could live another 30 years. So just because she has a relatively short time until she retires does not mean her investing horizon is short too. While a high stock exposure probably does not make sense given her limited assets, an investment like the Vanguard Life...
by VaR
Sun Jul 15, 2018 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Helping parent invest small windfall near retirement
Replies: 14
Views: 1082

Re: Helping parent invest small windfall near retirement

Does your mom have any idea of what her living expenses are now and what they will be in retirement? It will be good to figure out how much she will need to supplement her social security. You can use this to estimate how long she will have to work before she can retire. It also might be eye opening...
by VaR
Sat Jul 14, 2018 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction
Replies: 40
Views: 6296

Re: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction

Other responders have done a decent job of responding to most of your investment questions, but I'll respond to the few that haven't gotten great responses yet. 1. Regarding institutional diversity, remember that there's a difference between having your money deposited at a bank (even Chase), where ...
by VaR
Sat Jul 14, 2018 1:48 pm
Forum: Investing - Theory, News & General
Topic: Getting antsy with indexing? Reporter doing story.
Replies: 12
Views: 2933

Re: Getting antsy with indexing? Reporter doing story.

I'm fascinated with the idea that people actually getting antsy with indexing. Can't wait to read the article.
by VaR
Fri Jul 13, 2018 12:22 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106423

Re: To take or not to take delivery of Tesla 3

The mid for a one-year CDS on Tesla (protection for Tesla debt) is 4.5% or so. The implied default probability at 40% recovery is 7%, according to my rough calculations. So bank broker-dealers will sell you protection on Tesla defaulting on its debt in the next year for 6% upfront or a 9.5% probabi...
by VaR
Fri Jul 13, 2018 10:37 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106423

Re: To take or not to take delivery of Tesla 3

Good chance Tesla folds in a year or so. The mid for a one-year CDS on Tesla (protection for Tesla debt) is 4.5% or so. The implied default probability at 40% recovery is 7%, according to my rough calculations. So bank broker-dealers will sell you protection on Tesla defaulting on its debt in the n...
by VaR
Fri Jul 13, 2018 8:45 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106423

Re: To take or not to take delivery of Tesla 3

Back on the original topic, I do think there's a risk of the company declaring Chapter 11, but I suspect that even if it does, it'll be brought out of bankruptcy due to the strength of the brand and the product. That said, I do think there is a good chance that they get close to their production tar...
by VaR
Fri Jul 13, 2018 1:29 am
Forum: Investing - Theory, News & General
Topic: Total returns
Replies: 20
Views: 1768

Re: Total returns

That's not really how you're supposed to do it either. I'm not the arbiter of what is "supposed" to be done, but it's the exact same comparison, whether you subtract ERs from the index or add them to the funds. Apologies for that, I was going to do it differently but then changed my mind and decide...
by VaR
Thu Jul 12, 2018 6:23 pm
Forum: Investing - Theory, News & General
Topic: Total returns
Replies: 20
Views: 1768

Re: Total returns

According to the links above, the benchmark returns were 21.41%. Expense ratios: .11% vtiax and .17% for vgtsx Returns: 27.55% vtiax and 27.40% vgtsx Subtracting the expense ratios off the top of these returns gives me 27.44% and 27.23% which are no where near the benchmarks. So there must be some ...
by VaR
Thu Jul 12, 2018 4:46 pm
Forum: Personal Consumer Issues
Topic: Suit Alterations - chain vs local tailor
Replies: 16
Views: 1210

Re: Suit Alterations - chain vs local tailor

ha, good catch -- I meant "worth" consulting yelp (edited to reflect). I find that reviewers who take time to write reviews of businesses like tailors and barbershops generally provide solid guidance Oh! That's even better! :) Yeah, I found my local tailor on Yelp. She reminds me of my grandmother....
by VaR
Thu Jul 12, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Sub-Asset Allocation Model, Personal Advisor Service
Replies: 26
Views: 2434

Re: Vanguard Sub-Asset Allocation Model, Personal Advisor Service

I am questioning the recommendations in a recent Vanguard Financial Plan I received. My advisor informs me that VG uses a particular methodology to determine how your portfolio should be allocated given your age. I am 70. The recommended allocation for me in this plan is 60% Stocks and 40% bonds (m...
by VaR
Thu Jul 12, 2018 4:16 pm
Forum: Personal Consumer Issues
Topic: Suit Alterations - chain vs local tailor
Replies: 16
Views: 1210

Re: Suit Alterations - chain vs local tailor

I have seldom had good luck using a store tailor (Jos A Bank, Men's Wearhouse, J Crew). I think it's worse [than] consulting Yelp and finding a local tailor with a good reputation -- you'll almost certainly get better results, and more often than not you'll save money, unless the store is offering ...
by VaR
Thu Jul 12, 2018 3:58 pm
Forum: Personal Consumer Issues
Topic: Trade War: time for Mac Upgrade?
Replies: 34
Views: 3087

Re: Trade War: time for Mac Upgrade?

Two resources for eking out additional life out of your old Mac. Low End Mac http://lowendmac.com Otherworld Computing https://www.macsales.com I think with the newer unibody laptops, upgrade paths are pretty limited (RAM is soldered on, no CPU upgrades, etc…) but upgrading to a SSD storage, and ar...
by VaR
Wed Jul 11, 2018 6:37 pm
Forum: Personal Consumer Issues
Topic: Trade War: time for Mac Upgrade?
Replies: 34
Views: 3087

Re: Trade War: time for Mac Upgrade?

I upgraded my mid 2012 MacBook recently. Doubled the RAM from 4GB to 8GB. Night and day difference. Supposedly it can be upgraded to 16GB. I’m about to upgrade to an SSD drive as well. Supposedly that will make the real difference... OP, these upgrades are another great option to stretch the life o...
by VaR
Wed Jul 11, 2018 6:10 pm
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4618

Re: Which advanced tech is necessary in cars?

Aren't the costs of an accident in terms of pain and suffering, lost wages, and medical bills a function of the severity of the injury? Shouldn't any feature that reduces the severity of injuries caused to others reduce the severity of bodily injury claims? I thought the article was saying that rep...
by VaR
Wed Jul 11, 2018 5:53 pm
Forum: Personal Consumer Issues
Topic: Trade War: time for Mac Upgrade?
Replies: 34
Views: 3087

Re: Trade War: time for Mac Upgrade?

A few observations: 1. Staying on an old version of MacOS to avoid upgrading YNAB is not the best reason. Your mid-2012 is compatible all the way up to the next version of MacOS, Mojave. I recommend upgrading to at least High Sierra. 2. You're right in thinking about upgrading. I feel like an upgrad...
by VaR
Wed Jul 11, 2018 5:33 pm
Forum: Personal Consumer Issues
Topic: Printing photos from JPG files
Replies: 30
Views: 1184

Re: Printing photos from JPG files

A friend asked me this a few months ago and after extensive research we, of course, decided there was no one right answer. :) Here are the ones that ended up on the short list: 1. mpix.com 2. AdoramaPix 3. Snapfish 4. Nations Photo Lab 5. Smugmug I suspect that all of the above are competent choices...
by VaR
Wed Jul 11, 2018 5:05 pm
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4618

Re: Which advanced tech is necessary in cars?

So is this the right way to set your mirrors? https://seniordriving.aaa.com/improve-your-driving-skills/prepare-drive/how-use-adjust-your-mirrors/ Note that they also say: Remember, even properly positioned mirrors cannot eliminate all blind spots. To reduce risk, make a final check to the sides bef...
by VaR
Wed Jul 11, 2018 3:18 pm
Forum: Personal Consumer Issues
Topic: [Small, Portable, and Ductless Air Conditioners]
Replies: 54
Views: 2799

Re: [Small, Portable, and Ductless Air Conditioners]

My error. It is an oil furnace with hydronic baseboard heat. This is a new one to me -- up to now everywhere I lived had natural gas. I'll have to go back and check what our average fuel costs are per month over the winter. I did talk last night to a HVAC contractor, who I was able to connect up wi...
by VaR
Wed Jul 11, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: [Small, Portable, and Ductless Air Conditioners]
Replies: 54
Views: 2799

Re: [Small, Portable, and Ductless Air Conditioners]

Also, with an oil furnace and baseboard heat, I fear this might also require great rework inside the house to make it functional. Wait, you have an oil furnace? In your original post you said you only had baseboard heat. Electric resistance baseboard heat would be wildly expensive to run in your cl...
by VaR
Wed Jul 11, 2018 4:20 am
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 5936

Re: Going solar?

As a first step, I’m going to install a Neurio or Sense device to see what I’m using, not net. I have SolarEdge that tells me what I’m generating. Who has installed a home energy usage meter? I've installed a Sense device. It does a great job of telling me instantaneous electricity usage and usage ...
by VaR
Wed Jul 11, 2018 3:53 am
Forum: Personal Consumer Issues
Topic: [Small, Portable, and Ductless Air Conditioners]
Replies: 54
Views: 2799

Re: [Small, Portable, and Ductless Air Conditioners]

The request for quotes has gone out, at least the first three, so I'll keep this topic posted as to what we find. Fantastic. Thanks for giving back! The choice of whether to install a mini-split system or not is challenging. We're north, but not so far north -- USDA Hardiness Zone 5a. Our house see...
by VaR
Mon Jul 09, 2018 1:29 am
Forum: Personal Consumer Issues
Topic: garden hose
Replies: 46
Views: 4752

Re: garden hose

I have this heavy rubber hose: https://www.amazon.com/gp/product/B01N4UHY6T/ref=oh_aui_search_detailpage?ie=UTF8&th=1#customerReviews Have only had it a couple of years but it appears to be very well constructed. I also have a Flexzilla water hose that I use for small jobs. It's much lighter so my ...
by VaR
Mon Jul 09, 2018 1:27 am
Forum: Personal Consumer Issues
Topic: WiFi router
Replies: 46
Views: 3967

Re: WiFi router

We got the Google mesh router for a 1600 sq ft home that had wifi problems before. Never looked back.
by VaR
Sun Jul 08, 2018 6:19 pm
Forum: Personal Consumer Issues
Topic: garden hose
Replies: 46
Views: 4752

Re: garden hose

I read somewhere that the new Craftsman rubber garden hoses isn't as good as the old one. Has anyone purchased one recently? I also read that in the old version, the rubber hose itself was hexagonal in shape and not round, so that switch might mark the demise of the classic Craftsman rubber garden h...
by VaR
Sat Jul 07, 2018 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Understanding performance of a mutual fund
Replies: 8
Views: 772

Re: Understanding performance of a mutual fund

OP, is this in a taxable account? Also, do you think you have a bias towards keeping the account and the investment choices? Do you know why? Finally, you don't have to switch to Vanguard to have a fine 3-fund portfolio. The wiki has the fund choices for Schwab. https://www.bogleheads.org/wiki/Three...