Search found 25 matches

by itsmeagain
Sat Dec 21, 2019 2:38 pm
Forum: Investing - Theory, News & General
Topic: It was the best of times, it was the worst of times
Replies: 5
Views: 730

It was the best of times, it was the worst of times

I've been keeping good records of my investments since early 1990s. Barring a complete meltdown in the market over the next 10 days, my gains this year will be the largest, in dollar terms, by quite a lot. :moneybag In terms of my portfolio underperforming the US stock market on a percentage basis, ...
by itsmeagain
Wed Feb 06, 2019 9:35 pm
Forum: Investing - Theory, News & General
Topic: Crypto Exchange goes bankrupt after owner dies with only password
Replies: 90
Views: 11899

Re: Crypto Exchange goes bankrupt after owner dies with only password

"There's No Good Reason to Trust Blockchain Technology" https://www.wired.com/story/theres-no-good-reason-to-trust-blockchain-technology/ This article in Wire was very interesting, discussing the meaning of trust and what Blockchain can, and mostly cannot, provide in regards to trust. I've read many...
by itsmeagain
Tue Feb 05, 2019 10:54 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 344129

Re: HEDGEFUNDIE's excellent adventure [3x leveraged ETF strategy]

Count me skeptical of a strategy that leverages long duration treasuries, given the current low rates and very flat yield curve from short to long duration. That said, at least the OP is restricting this experiment to only 15% of their portfolio.
by itsmeagain
Sat Feb 02, 2019 12:50 pm
Forum: Investing - Theory, News & General
Topic: [Seeking Alpha: The Dark Side Of John Bogle's Legacy]
Replies: 73
Views: 7851

Re: [Seeking Alpha: The Dark Side Of John Bogle's Legacy]

One issue that has not been mentioned is that the BND fund rarely holds anything that matures in less than one year. So that means that the managers have to sell everything before it matures. That could, in principle, add some unnecessary trading costs that an individual bond holder could avoid. In ...
by itsmeagain
Sat Feb 02, 2019 12:43 pm
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 62
Views: 7274

Re: Insights from Norway's $1 Trillion Fund Manager

Excellent interview. Great excerpts, but I recommend the whole article as well.
by itsmeagain
Wed Mar 01, 2017 6:54 pm
Forum: Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 21704

Re: Possibly Financially Independent and Feeling Miserable

To the OP: Congratulations. You're obviously successful and have done very well for yourself. How about this as a plan? Work on doubling your net worth, but -- to make the game more challenging and more deeply rewarding -- every time your net worth increases by 2%, give 1% of it to charity. Good luck!
by itsmeagain
Sun Jul 31, 2016 9:16 pm
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 178
Views: 35344

Re: What rate of return do you use when planning for retirement?

Rodc wrote:
Hawaiishrimp wrote:I am using:
4% (Worst)
7% (Best)
real or nominal?
I suspect these are nominally real, but really nominal :wink:
by itsmeagain
Wed Jul 13, 2016 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA and RMD
Replies: 10
Views: 2425

Re: Inherited IRA and RMD

I think you meant that applicable shares of the IRA were transferred directly to the individual beneficiaries, and the only actual distribution was to the estate. Yes, that is indeed what I meant to say. Based on your recent information you can use your own single life expectancy for your RMDs. ......
by itsmeagain
Mon Jul 11, 2016 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA and RMD
Replies: 10
Views: 2425

Re: Inherited IRA and RMD

Thank you all for the replies. The beneficiaries were designated (not probated), and the shares separated and distributed to the account's beneficiaries and estate prior to 9/30 of the year following the death. It seems things are a bit murky in this situation from the IRS perspective. As I wrote in...
by itsmeagain
Fri Jul 08, 2016 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA and RMD
Replies: 10
Views: 2425

Inherited IRA and RMD

I am trying to understand the required minimum distribution (RMD) for an IRA inherited from a parent. The inherited IRA was split 3 ways between two children (me and my sib) and the estate, so that the estate could pay some expenses. The original owner had begun taking distributions long before the ...
by itsmeagain
Sat May 28, 2016 2:20 pm
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this [Panic and Survival 2008-09]
Replies: 389
Views: 210804

Re: I can't believe I am thinking this

For some context, Sheepdog's opening post followed a day when the total stock market (using VTSAX) fell from 20.44 to 18.90, a stomach-churning 7.5% drop in a single day. The market had already fallen from a high of 37.80 one year earlier on October 9, 2007. So with that day's drop included, the mar...
by itsmeagain
Sat Feb 27, 2016 4:11 pm
Forum: Investing - Theory, News & General
Topic: Buffett's Annual Investor Letter is out
Replies: 87
Views: 13865

Re: tastes great and less filling?

Bingo. He uses his business skills more than his investor skills to create such a successful company in BRK. I don't think Warren would agree with you. Even when Berkshire buys an entire company, Buffett does not take over the management. His overwhelming preference is to leave a good management in...
by itsmeagain
Sat Feb 27, 2016 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: where to get 3% real with the least amount of risk?
Replies: 56
Views: 8868

Re: where to get 3% real with the least amount of risk?

I'd be thrilled with 3% real returns for the next 10 years. what investment(s) do you think have the best chance of returning 3% real with the least amount of risk? With all the caveats mentioned above that there are no guarantees, etc, I would suggest that Vanguard's Wellesley fund (VWINX and, for...
by itsmeagain
Sat Feb 27, 2016 1:49 pm
Forum: Investing - Theory, News & General
Topic: Effective Charity
Replies: 25
Views: 5806

Re: Effective Charity

My bad for not reading this whole thread! Super poster psteinx beat me by several years and, moreover, actively helps GiveWell!
by itsmeagain
Sat Feb 27, 2016 1:31 pm
Forum: Investing - Theory, News & General
Topic: Effective Charity
Replies: 25
Views: 5806

Re: Effective Charity

I find the GiveWell organization very helpful in evaluating charities based on their overall effectiveness, which matches psteinx's 3rd criterion. Their focus also aligns with psteinx's first criterion, namely to alleviate suffering and promote a better future in developing parts of the word. In a n...
by itsmeagain
Sun Jan 31, 2016 2:59 pm
Forum: Investing - Theory, News & General
Topic: Hedge Funds blame Index funds: Bogleheads referenced
Replies: 80
Views: 12451

Re: Hedge Funds blame Index funds: Bogleheads reference

On George Soros, for example: "Four hundred seventy-three million to one. Those are the odds against George Soros compiling the investment record he did as manager of the Quantum Fund from 1968 through 1993 ..." - Paul Tudor Jones' intro to The Alchemy of Finance Speaking of alchemy, that calculati...
by itsmeagain
Sun Jan 24, 2016 8:38 pm
Forum: Investing - Theory, News & General
Topic: Jeff Gundlach: How to Get a 12% Yield
Replies: 5
Views: 2949

Re: Jeff Gundlach: How to Get a 12% Yield

Rx 4 investing wrote:"The CEO of Doubleline Capital and newest member of the Barron's Roundtable likes closed end funds and other ways to buy oversold assets at an even bigger discount."
Not such a surprise since he manages precisely those kinds of funds :P
by itsmeagain
Thu Jan 14, 2016 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend an estate lawyer in Michigan?
Replies: 9
Views: 1268

Re: Recommend an estate lawyer in Michigan?

Traveller wrote:What part of Michigan?
I'm mobile but would probably not travel to the UP for this :P
Feel free to PM with recommendations
by itsmeagain
Thu Jan 14, 2016 10:09 pm
Forum: Investing - Theory, News & General
Topic: Let's say you wanted to buy some investments....
Replies: 18
Views: 2112

Re: Let's say you wanted to buy some investments....

People parrot verbal statements about risk but unless they've spent some quality time on their own looking at charts and numbers, they don't get it. I'd say one has to experience these swings in individual stocks and the markets as a whole with his or her own hard-earned money on the line to really...
by itsmeagain
Thu Jan 14, 2016 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend an estate lawyer in Michigan?
Replies: 9
Views: 1268

Re: Recommend an estate lawyer in Michigan?

Thank you for these posts. I also received several private messages with promising leads that I can investigate. Bogleheads sure are great resources!
by itsmeagain
Thu Jan 14, 2016 9:55 pm
Forum: Investing - Theory, News & General
Topic: Have Vanguard's active funds added value
Replies: 32
Views: 5213

Re: Have Vanguard's active funds added value

I find it interesting how Wellesley (vwinx) and Wellington (vwelx) have both equalled or outperformed the Balanced fund (vbinx) over pretty much any time frame. Here's the M* growth chart for the Balanced fund. You can remove the extra symbols that M* includes and then add the tickers for Wellesley ...
by itsmeagain
Sat Jan 09, 2016 9:05 pm
Forum: Personal Investments
Topic: ? What fund would you use to complement VGSLX (REIT Index) in a Roth IRA
Replies: 15
Views: 2943

Re: ? What fund would you use to compliment VGSLX (REIT Index) in a ROTH IRA

Looking at other tax inefficient options for ROTH placement, high yield bonds? Maybe add a bit of stability to the account? Wellesley Income would seem to be a reasonable choice, too. About 35% stocks and 65% bonds. Excellent long-term record, especially on risk-adjusted basis. But not very tax eff...
by itsmeagain
Sat Jan 09, 2016 8:41 pm
Forum: Personal Investments
Topic: I just lost $200,000 last week. Please help me.
Replies: 82
Views: 17346

Re: I just lost $200,000 last week. Please help me.

Vanguard's Wellesley fund is a conservative fund, about 35% stocks and about 65% bonds, with an outstanding long-term record. While actively managed, it has a low expense ratio, as you'd expect for Vanguard. With Wellesley, you get enough of the upside when the market is rising to feel good, and you...
by itsmeagain
Sat Jan 09, 2016 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend an estate lawyer in Michigan?
Replies: 9
Views: 1268

Recommend an estate lawyer in Michigan?

I'm interested in referrals for quality estate-planning advice in Michigan. Probably not super complicated, but not minimal either.

Please PM with suggested names.