Search found 418 matches

by Whakamole
Thu Sep 21, 2017 9:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Please Offer a Gold ETF
Replies: 95
Views: 4299

Re: Vanguard: Please Offer a Gold ETF

patrick wrote:
Thu Sep 21, 2017 9:55 pm
Why not jump ahead of the competition by opening the first uranium ETF?
Ahem: http://etfdb.com/etf/URA/
by Whakamole
Thu Sep 21, 2017 4:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Please Offer a Gold ETF
Replies: 95
Views: 4299

Re: Vanguard: Please Offer a Gold ETF

Well, Gold has a zero real rate of return over very long periods of time so I don't regard it as an investment as such. It does have very low correlation with the stock market so it should reduce the long term volatility of a portfolio at the price of performance drag. So I would view it as portfol...
by Whakamole
Thu Sep 21, 2017 2:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Please Offer a Gold ETF
Replies: 95
Views: 4299

Re: Vanguard: Please Offer a Gold ETF

The issue with gold ETFs that hold the physical metal (like GLD) is that they have to hold the commodity. That means you need bank vaults, storage, auditing, assaying, etc. It's an expensive endeavor. There's also a issue depending on the popularity of gold as an investment - if gold takes off, you ...
by Whakamole
Thu Sep 21, 2017 1:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Please Offer a Gold ETF
Replies: 95
Views: 4299

Re: Vanguard: Please Offer a Gold ETF

I understand the sentiment: I want to invest in x . x would be cheaper if Vanguard offered a fund in x . Please, Vanguard, offer a fund in x . I just have many values of x that would come before x . A few off the top of my head: 1. EM ex-China 2. International Value Index 3. International Small Val...
by Whakamole
Thu Sep 21, 2017 1:20 am
Forum: Personal Consumer Issues
Topic: Should I even bother with buying a school picture?
Replies: 39
Views: 2689

Re: Should I even bother with buying a school picture?

I believe they distribute your child's pictures in class. Your child will probably be heartbroken if all of his classmates get pictures but he gets none. If nothing else, for the sake of your child's ego, buy a small package. The joy it will bring to your child is worth the small cost. Is this new?...
by Whakamole
Mon Sep 18, 2017 6:59 pm
Forum: Personal Consumer Issues
Topic: Audio books
Replies: 28
Views: 1643

Re: Audio books

Not to change the subject, but some may be interested to find out that the Library of Congress offers a free audio book program to those who are unable to read due to blindness or disability. After I found this out I signed up my 94 year old MIL, who is blind and in a care home. They sent her a dev...
by Whakamole
Fri Sep 15, 2017 4:18 pm
Forum: Personal Consumer Issues
Topic: Equifax security manager had a music degree -- what?
Replies: 10
Views: 846

Re: Equifax security manager had a music degree -- what?

You would be surprised at the crossover between music people and computer people at universities.
by Whakamole
Fri Sep 15, 2017 10:11 am
Forum: Investing - Theory, News & General
Topic: "Find out if your fund is declaring a quarterly dividend this month."
Replies: 17
Views: 3154

Re: "Find out if your fund is declaring a quarterly dividend this month."

Why do so many of the active funds pay annually when index funds pay quarterly? Not even all index funds pay quarterly. SWPPX (Schwab's S&P 500 fund) pays once per year. Also an FYI for those clicking on the links - it doesn't look like Vanguard has added the distribution amount yet, at least to a ...
by Whakamole
Tue Sep 12, 2017 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Brother in College Co-Signing w/ Buddy for Duplex
Replies: 41
Views: 2803

Re: Brother in College Co-Signing w/ Buddy for Duplex

He wants to partner with me because he wants to partner with a lot of recently married reps that sell under him and only pay 5% down for owner occupied payment. Otherwise he'd have to pay 20% down. I don't see why someone who claims to be making $300K/year needs a junior investor who will be cosign...
by Whakamole
Tue Sep 12, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Brother in College Co-Signing w/ Buddy for Duplex
Replies: 41
Views: 2803

Re: Brother in College Co-Signing w/ Buddy for Duplex

clarkrl wrote:
Tue Sep 12, 2017 3:40 pm
$600 a month and $1400 a month are worst case scenarios where if we couldn't get them rented out we'd drop it down to get it filled.
I do not think you quite understand the meaning of the term "worst case scenario."
by Whakamole
Tue Sep 12, 2017 3:14 pm
Forum: Personal Consumer Issues
Topic: Best Lower Cost USA Cities to Live
Replies: 102
Views: 7083

Re: Best Lower Cost USA Cities to Live

I don't think Austin has been low cost in a while.
by Whakamole
Mon Sep 11, 2017 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total International (VTSAX) - Taxable Account
Replies: 31
Views: 6866

Re: Vanguard Total International (VTSAX) - Taxable Account

Yeah, I know. But my personality seems to be more comfortable with 'ownership' style investments over 'lending' style investments. I was ~100% stocks through the 2008/9 crisis and it didn't bother me. I actually thought it was rather exciting! So the big risk of being without bonds (panick selling ...
by Whakamole
Mon Sep 11, 2017 4:09 pm
Forum: Personal Consumer Issues
Topic: Equifax - credit freeze is now free?
Replies: 51
Views: 5662

Re: Equifax - credit freeze is now free?

I live in Washington State and was also able to get it frozen for free.
by Whakamole
Mon Sep 11, 2017 1:58 pm
Forum: Investing - Theory, News & General
Topic: What If U.S. Stocks Stay Expensive For Years?
Replies: 50
Views: 6866

Re: What If U.S. Stocks Stay Expensive For Years?

alex_686 wrote:
Mon Sep 11, 2017 11:18 am
lostdog wrote:
Mon Sep 11, 2017 11:15 am
Not worried. Total World Stock Index for life.
That too is running at high multiples. I can't think of an asset class that is not near its high intrinsic valuation. So save more or chase risky yield.
Cash may be the only undervalued asset. But you can't make any money with cash.
by Whakamole
Sat Sep 09, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Security
Replies: 43
Views: 3791

Re: Fidelity Security

Does Fidelity 2 factor authentification disrupt quickens one step update? Yes. Some companies are solving this problem by giving out a special account/password combination that allows for "read only" access to your account, so Mint/Personal Capital/etc. can get updates but a hacker could only get y...
by Whakamole
Fri Sep 08, 2017 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 628
Views: 36989

Re: Equifax customer information leak

At worst new Social Security numbers (probably with more digits) will need to be issued. Increasing the length of SS numbers would require roughly Y2K level work, just to increase the column size for the number. But then we probably shouldn't be using SS numbers everywhere. I am sending a registere...
by Whakamole
Fri Sep 08, 2017 3:54 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 165
Views: 9700

Re: Bitcoin in 3-fund indexed portfolio?

I think a small position can make sense if you are interested in the technology. I would make it no more than 10% of my portfolio and I would take it out of the stocks portion. It has low correlation which technically has risk reduction properties for portfolios, but it's SO volatile. I have 5% in ...
by Whakamole
Fri Sep 08, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 628
Views: 36989

Re: Equifax customer information leak

There has been some suspicious activity on the options front too - someone bought puts at $135 a few weeks ago: https://www.cnbc.com/2017/09/08/suspect ... rofit.html
by Whakamole
Thu Sep 07, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 628
Views: 36989

Re: Equifax customer information leak

Darkweb knows more about you then your probably know about yourself. I believe right now we're just operating on security through obscurity based on the law or large numbers. The problem is that the Dark Web also has large numbers of criminals willing and able to defraud Westerners with assets. Vic...
by Whakamole
Thu Sep 07, 2017 8:20 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 165
Views: 9700

Re: Bitcoin in 3-fund indexed portfolio?

I don't think that's a de facto good reason to include it. Reasons to include bonds and international stocks are not purely based on correlation; I hold international because I believe in the "buy the haystack" approach for stocks, for instance.. I also don't think cryptocurrency has been around lo...
by Whakamole
Thu Sep 07, 2017 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 628
Views: 36989

Re: Equifax customer information leak

It didn't tell me whether or not I am impacted. Simply said to return to the site after a certain date. Was the impact statement a popup? This company should be shut down. I think that means you need to return to the site on that date to enroll in whatever plan Equifax has put together. In other wo...
by Whakamole
Thu Sep 07, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 628
Views: 36989

Re: Equifax customer information leak

It didn't tell me whether or not I am impacted. Simply said to return to the site after a certain date. Was the impact statement a popup? This company should be shut down. I think that means you need to return to the site on that date to enroll in whatever plan Equifax has put together. In other wo...
by Whakamole
Thu Sep 07, 2017 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 628
Views: 36989

Re: Equifax customer information leak

My understanding with credit freezes (which I think I am now going to do, as painful as it sounds) is that, depending on state, we need to get a police report to get a free credit freeze. Has anyone had good luck getting the police to write this up? A few years ago, someone filed tax returns as me, ...
by Whakamole
Thu Sep 07, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 628
Views: 36989

Re: Equifax customer information leak

If you have a Discover Card, their recent offer to monitor the dark web for members' social security numbers sounds good. I already had my credit frozen and recently signed up for the Discover offer. Not sure what action I'd take if Discover notifies me that my SS# is out there, but I guess it's go...
by Whakamole
Thu Sep 07, 2017 6:20 pm
Forum: Personal Consumer Issues
Topic: Wanting a Portable Auto GPS
Replies: 65
Views: 3392

Re: Wanting a Portable Auto GPS

Just out of curiosity, how often do you change your route based on traffic info? I've done it a couple times and my non-scientific conclusion is that it didn't likely improve outcomes (of course, you never know). On top of that, most of the traffic issues where I am are at bridges - there aren't an...
by Whakamole
Thu Sep 07, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting moms assets from nursing home expenses
Replies: 96
Views: 8410

Re: Protecting moms assets from nursing home expenses

The statement in bold is an assumption not based in fact, or rather, is an opinion. It's easy to assume the worst, but a bit harder to juggle the wishes of an elderly parent who has contributed their utmost to society and whose aim was to leave a legacy. I'm sure there are those who are rubbing the...
by Whakamole
Thu Sep 07, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting moms assets from nursing home expenses
Replies: 96
Views: 8410

Re: Protecting moms assets from nursing home expenses

Thank you for sharing this, I agree 100%. I'm sorry to read about what happened to your mother-in-law. While the costs of nursing home care are very high, I also believe that the public, through Medicaid or otherwise, has an obligation to provide the needed care. For some reason, it is considered "...
by Whakamole
Thu Sep 07, 2017 1:12 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 165
Views: 9700

Re: Bitcoin in 3-fund indexed portfolio?

I believe one of the reasons for including bonds and international is that they are supposed to have low correlation with each other (at least in theory). I've read that Bitcoin has low correlation with stocks and bonds. So would this be a reason to include Bitcoin in a portfolio? (To be clear, I'm...
by Whakamole
Wed Sep 06, 2017 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Bought crypto currency
Replies: 67
Views: 3406

Re: Bought crypto currency

p.s. usa taxes cryto already.. its a respected asset and prob going to grow The US also taxes penny stocks, that doesn't make them respected assets. youll have to forgive me as i am a very new researcher to cryptocurrency (less then a week ago or so?). I'm not sure you can become expert enough to i...
by Whakamole
Wed Sep 06, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Help with new employer 401K plans
Replies: 13
Views: 517

Re: Help with new employer 401K plans

gomsoon wrote:
Wed Sep 06, 2017 2:35 pm
Also does it make sense to invest in BOTH VTSNX (vanguard total international stock index) and VINIX (vanguard institutional index)? Wouldn't VTSNX cover companies in VINIX? I was just going to do 95% in VTSNX and 5% in vanguard bonds.
VINIX is just US, so you'd want both.
by Whakamole
Wed Sep 06, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab, Fidelity, or Vanguard for taxable account?
Replies: 21
Views: 2407

Re: Schwab, Fidelity, or Vanguard for taxable account?

I think there are two questions. One is whose funds you are buying, the other is where to buy them. If you are buying mutual funds in taxable, I think the only choice are Vanguard funds because they've structured their funds to reduce/eliminate capital gains ; the way they do this is patented and I ...
by Whakamole
Wed Sep 06, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: 401K - Same Fund, Same Broker, Different Employer -> Different ER?
Replies: 6
Views: 360

Re: 401K - Same Fund, Same Broker, Different Employer -> Different ER?

Some companies are generous and cover any fees that the 401(k) plan charges. Some are less generous, or aren't very good fiduciaries and just sign off on whatever the brokerage offers. CITs should be cheaper than a mutual fund, since they're exempt from certain requirements. I have a S&P 500 CIT in ...
by Whakamole
Wed Sep 06, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Protecting moms assets from nursing home expenses
Replies: 96
Views: 8410

Re: Protecting moms assets from nursing home expenses

leonidas wrote:
Wed Sep 06, 2017 8:59 am
Scheduling a consultation with an Elder Law Atty by end of September. Right now just in an info gathering stage.
You may want to talk to the lawyer first. My parents were hell-bent on something like this, and in their state of residence, it turned out not very much was needed.
by Whakamole
Tue Sep 05, 2017 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and $10,000 to invest
Replies: 5
Views: 638

Re: Portfolio Review and $10,000 to invest

Hi Cobeppo, Of the bond funds you mentioned in your 401(k) plan, I think DBIRX (Dreyfus Bond Market Index I, which tracks the US Aggregate Index) is the best choice, as it's fairly low cost and is an index fund as opposed to actively managed. Looking at the expense ratios available to you, TRSPX (TI...
by Whakamole
Tue Sep 05, 2017 11:56 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3944
Views: 1037643

Re: U.S. stocks in freefall

We need a silly panic emoticon.

At least my bond fund is up!
by Whakamole
Fri Sep 01, 2017 3:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3944
Views: 1037643

Re: U.S. stocks in freefall

My nervous friend once woke up in the morning and saw that the market had quickly dropped 5%. He placed his sell everything order and then called me to tell me how smart he was. I referred him to this thread and he wised up, taking the ACTION to cancel his sell everything order. He thanked me six m...
by Whakamole
Fri Sep 01, 2017 3:06 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3944
Views: 1037643

Re: U.S. stocks in freefall

So you're saying it is not actionable. Yes, that is precisely its purpose. It re-enforces standard Boglehead teachings to "Don't just do something, Stand there!" Correct. As the rules say for "not actionable": "If readers can't do anything with the content of a topic other than argue about it, it d...
by Whakamole
Fri Sep 01, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3944
Views: 1037643

Re: U.S. stocks in freefall

Serious question: Why is this topic still open? That is a very good question. We see other threads get shut down very quickly for being argumentative or "unactionable", but this train wreck is allowed to run for 6 years. I think it serves a valuable purpose as a way to relieve a bit of stress when ...
by Whakamole
Tue Aug 29, 2017 3:20 pm
Forum: Investing - Theory, News & General
Topic: Rob Arnott: Dump US stocks buy EM
Replies: 65
Views: 5375

Re: Rob Arnott: Dump US stocks buy EM

Well, better late than never, others have been saying for years that EM value and international small value were bargains. As for US Quality, he must have spent a day at GMO to come away with such a strong prediction. I don't think he's visited GMO, otherwise he would also be talking about timber l...
by Whakamole
Fri Aug 25, 2017 6:20 pm
Forum: Investing - Theory, News & General
Topic: Passive investing is a Ponzi scheme
Replies: 77
Views: 5710

Re: Passive investing is a Ponzi scheme

I found nothing redeemable in her comments. Her thoughts on "Exit Costs" were nonsensical IMO. Not surprisingly RUPAL's funds are are getting slaughtered by the Indexes over their lifetimes and the last 10 years...without factoring in the 1%+ ERs. She may know more finance than me, but her Funds' p...
by Whakamole
Fri Aug 25, 2017 2:56 pm
Forum: Investing - Theory, News & General
Topic: Passive investing is a Ponzi scheme
Replies: 77
Views: 5710

Re: Passive investing is a Ponzi scheme

Wow, the chief investment officer of Ariel investments called passive investing a Ponzi scheme on Bloomberg! https://www.bloomberg.com/news/videos/2017-08-24/making-the-case-for-active-investing-video Ariel's describing passive as "Ponzi" is effective clickbait, so it's good to note the program tit...
by Whakamole
Fri Aug 25, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: Passive investing is a Ponzi scheme
Replies: 77
Views: 5710

Re: Active investing is a Ponzi scheme

QQQ as a future and as an index was very big when I started on par with SPX among retail investors. When average people talked about "indexing" they often meant QQQ not TSM or SPX. So I've personally witnessed indexes go out of fashion with retail investors. That is because at the time, QQQ was the...
by Whakamole
Fri Aug 25, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: Roth vs Traditional
Replies: 57
Views: 5317

Re: Roth vs Traditional

Seems like what you are pointing to is there really isn't a right answer - but a 50/50 split seems reasonable. Also, if you ever have access to the "mega backdoor IRA" (after-tax 401k contributions which get rolled over into a Roth 401k/IRA), then you may be able to split 50/50 just by maxing out b...
by Whakamole
Fri Aug 25, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: Passive investing is a Ponzi scheme
Replies: 77
Views: 5710

Re: Passive investing is a Ponzi scheme

Eventually we'll all be indexing, and there'll be one guy named Ned, moving the market this way and that with his trades. It will be hilarious to watch. Jocularity aside, does anybody else think that the "smoothness" of the current bull market was in part enabled by the large number of indexers? I'...
by Whakamole
Fri Aug 25, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: Passive investing is a Ponzi scheme
Replies: 77
Views: 5710

Re: Passive investing is a Ponzi scheme

It does seem very plausible that a lot of the money flowing into index funds is not truly following a passive strategy, but rather is chasing returns in the current bull market. When there starts to be a correction, I would expect there to be a pullback on indexed money, which could drive the whole...
by Whakamole
Fri Aug 25, 2017 12:01 pm
Forum: Investing - Theory, News & General
Topic: Passive investing is a Ponzi scheme
Replies: 77
Views: 5710

Re: Active investing is a Ponzi scheme

QQQ as a future and as an index was very big when I started on par with SPX among retail investors. When average people talked about "indexing" they often meant QQQ not TSM or SPX. So I've personally witnessed indexes go out of fashion with retail investors. That is because at the time, QQQ was the...
by Whakamole
Fri Aug 25, 2017 11:36 am
Forum: Personal Consumer Issues
Topic: Trip to Banff / Lake Louise / other places
Replies: 34
Views: 3430

Re: Trip to Banff / Lake Louise / other places

You can also rent a canoe at Lake Louise. I recommend it. No shortage of photo opportunities.
by Whakamole
Thu Aug 24, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"
Replies: 119
Views: 13748

Re: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"

But in the reference article, I only find the quote: William Bengen, author of ``Conserving Client Portfolios During Retirement,'' suggests that retirees reduce the amount they withdraw from their investment portfolios by 5 percent to 10 percent. If this turns out to be a long recession, ``portfoli...
by Whakamole
Thu Aug 24, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"
Replies: 119
Views: 13748

Re: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"

Here's what's missing: behavior. There was a 2008 article, somewhere, where Mr. Bengen panic-sold his own and client portfolios, due to the fear that "this time is different". There never was a follow up article as to when he got back in, etc. He sold all stocks. The article is gone and "it's like"...
by Whakamole
Thu Aug 24, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 218
Views: 31115

Re: What to do when a parent's money runs out?

Originally it was indicated that this was a hard house to sell. It will be even harder with a $15K repair bill due for the furnace, not to mention the retaining wall and whatever else is broken - if the moldy plaster is actually mold, that could be very expensive. It seems that your mother has littl...