Search found 1068 matches

by qwertyjazz
Thu Oct 18, 2018 1:47 pm
Forum: Investing - Theory, News & General
Topic: Sears, a 125 year old company is now a penny stock.
Replies: 123
Views: 14541

Re: Sears, a 125 year old company is now a penny stock.

You're saying that Blockbuster shareholders would not have wanted Blockbuster to retool itself to be where Netflix, one of the largest companies in the world, is today? :shock: Wanting and doing are not the same thing. What you often or usually get in 'disrupted' industries are managements skilled ...
by qwertyjazz
Wed Oct 17, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: Sears, a 125 year old company is now a penny stock.
Replies: 123
Views: 14541

Re: Sears, a 125 year old company is now a penny stock.

Trying to totally reinvent the way Kodak or Blockbuster would have had to isn't necessarily in shareholder interest. It's not always bad from investor POV if managements accept the doom of their company. The problem is often IMO value destruction that occurs while the managements seek implausible r...
by qwertyjazz
Tue Sep 25, 2018 8:49 pm
Forum: Investing - Theory, News & General
Topic: My CAPE10 based IPS
Replies: 103
Views: 6157

Re: My CAPE10 based IPS

I am pretty sure about a future including death and taxes
http://freakonomics.com/2011/02/17/quot ... and-taxes/
by qwertyjazz
Thu Sep 06, 2018 5:11 am
Forum: Personal Finance (Not Investing)
Topic: Help make me more employable
Replies: 18
Views: 2588

Re: Help make me more employable

Patent law - market research —- both at a level to at least be able to identify who is giving you good advice and who is BS
by qwertyjazz
Thu Aug 16, 2018 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Enough. How do I invest in Australia. [as a US investor]
Replies: 63
Views: 5536

Re: Enough. How do I invest in Australia.

I repeat. I want to use the data on the exact index used to achieve the performance for the claim that Australia has outperformed the US for the past 118 years. My goal is not to pick a general Australian index fund and invest in that. That's not the basis for the claim. I want to crack open the my...
by qwertyjazz
Thu Aug 16, 2018 12:08 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1194
Views: 99353

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

That's very true of most world markets. Australia, for instance, has a market capitalization of about $1.5 trillion. But the U.S. is roughly 50% of the world's market capitalization, over $30 trillion. The U.S. only investor is buying a stake in 50% of the world's stock; no other home-country-only ...
by qwertyjazz
Wed Aug 15, 2018 4:19 pm
Forum: Investing - Theory, News & General
Topic: Is short-term dollar-cost averaging (e.g. across 1 week) beneficial?
Replies: 21
Views: 1281

Re: Is short-term dollar-cost averaging (e.g. across 1 week) beneficial?

Most of the wins and losses of the stock market are over a few days. On average stocks go up, but they can go down a lot on a day. Momentum shows some linkage between adjacent days. Thems the trade offs of DCA vs lump sum over a short time period if you ignore psychology (which is also important). R...
by qwertyjazz
Sun Aug 12, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 7311

Re: Private Banking is a trap. Don't do it!

You can be direct without being rude. Just let them know that based on your needs and what you've learned since becoming a private banking client that you'd like to revert back to your 'regular' status. Of course they'll likely continue to push until you have to be rude but you can at least start o...
by qwertyjazz
Thu Aug 09, 2018 9:02 am
Forum: Investing - Theory, News & General
Topic: (NEW) WisdomTree 90/60 U.S. Balanced Fund
Replies: 141
Views: 9284

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

How many funds/ETFs disappeared after the last crash? This is a fairly exotic idea and could certainly see it being abandoned in the afternath if some ugly market times. Excellent point - liquidation risk with time money tied up working through it and capital gains - as well as downmarket contracti...
by qwertyjazz
Thu Aug 09, 2018 8:37 am
Forum: Investing - Theory, News & General
Topic: (NEW) WisdomTree 90/60 U.S. Balanced Fund
Replies: 141
Views: 9284

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

In theory this fund is tailor made for me which paradoxically worries me. How could it blow up? What is its real risk of not minor under-performance but rather truly awful returns or even being wiped out? Too good to be true worries me. The comparison is 100% SP or it’s ilk in mind. So I am not tal...
by qwertyjazz
Thu Aug 09, 2018 7:53 am
Forum: Investing - Theory, News & General
Topic: (NEW) WisdomTree 90/60 U.S. Balanced Fund
Replies: 141
Views: 9284

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

In theory this fund is tailor made for me which paradoxically worries me. How could it blow up? What is its real risk of not minor under-performance but rather truly awful returns or even being wiped out? Too good to be true worries me. The comparison is 100% SP or it’s ilk in mind. So I am not talk...
by qwertyjazz
Tue Aug 07, 2018 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawal rate with option to go back to work
Replies: 9
Views: 782

Re: Withdrawal rate with option to go back to work

I think you need to start with what do you mean by a SWR and what do you mean by an option to return to work. That is, what percent chance of having trouble are you willing to accept and how much income could you reasonably reproduce and for how long? Check out ERN article and you might find it coul...
by qwertyjazz
Tue Aug 07, 2018 9:25 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21689

Re: "Don't Obsess About Expense Ratios"

Pre-Fidelity announcement: "Lowest expense ratio possible is essential!" Post-Fidelity announcement: "Actually, don't worry about them! Stay with Vanguard!" People have been using this strawman a lot, but they never cite who in the present discussions actually said it. I at least have pointed out o...
by qwertyjazz
Sat Aug 04, 2018 6:57 am
Forum: Investing - Theory, News & General
Topic: At what point in history, would I recognize low cost modern index funds?
Replies: 5
Views: 822

At what point in history, would I recognize low cost modern index funds?

Ben Carlson, as usual, wrote one of the most fascinating analyses of Fidelity zero costs funds. http://awealthofcommonsense.com/2018/08/the-gradual-explosion-of-index-funds/ I have about a 2-3 year history of actively investing. To me, costs between Boglehead type portfolios do not matter given the ...
by qwertyjazz
Fri Aug 03, 2018 6:50 pm
Forum: Investing - Theory, News & General
Topic: How much do costs matter?
Replies: 25
Views: 2846

Re: How much do costs matter?

Reading through the announcements and debate on Fidelity creating 0 ER funds made me think about all I have learned on this site. Some of it is by agreeing with others and some was by seeing differences. I wanted to say thank you all. I also wanted to say thank you to Triceratops analysis in that ot...
by qwertyjazz
Thu Aug 02, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Interesting TSP question
Replies: 17
Views: 1155

Re: Interesting TSP question

What is EBIS? Update: it also says on the bottom of my LES "IF TSP ELECTION AMT EXCEEDS NET AMT DUE, TSP WILL NOT BE DEDUCTED" You are in the military. I am in the military too. A lot of the responses you have read are from civilians employed in federal service. Their TSP has different rules. Set y...
by qwertyjazz
Thu Aug 02, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Interesting TSP question
Replies: 17
Views: 1155

Re: Interesting TSP question

What is EBIS? Update: it also says on the bottom of my LES "IF TSP ELECTION AMT EXCEEDS NET AMT DUE, TSP WILL NOT BE DEDUCTED" You are in the military. I am in the military too. A lot of the responses you have read are from civilians employed in federal service. Their TSP has different rules. Set y...
by qwertyjazz
Wed Aug 01, 2018 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Unexpected early retirement - requesting advice
Replies: 56
Views: 6929

Re: Unexpected early retirement - requesting advice

If you are leaving for medical reasons are you sure your medical costs will not dramatically go up? Indeed I do expect it go up, but I do not know how to model that. I suppose in a case like that I would have to cut my expenses accordingly in other areas I think the question is how close are you to...
by qwertyjazz
Wed Aug 01, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Unexpected early retirement - requesting advice
Replies: 56
Views: 6929

Re: Unexpected early retirement - requesting advice

If you are leaving for medical reasons are you sure your medical costs will not dramatically go up?
by qwertyjazz
Wed Aug 01, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7096

Re: DW job in dangerous area

Does your wife not feel safe in that area or do you not feel safe thinking about your wife in that area? It is not a question of just money. It is a question also of your wife being able to do something she has invested a lot of time and energy in training to be able to make a difference. So start w...
by qwertyjazz
Wed Aug 01, 2018 6:24 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 753
Views: 73994

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

It doesn't read like Vanguard is doing anything different than Fidelity given they acknowledge paying for lending program costs, agent fees and brokerage rebates out of gross security lending revenue with only the remainder going back to the funds. You seem to try to be making the case that Fidelit...
by qwertyjazz
Mon Jul 30, 2018 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: 7-8% SWR/year for first 7 years of Retirement...am I good?
Replies: 22
Views: 2714

Re: 7-8% SWR/year for first 7 years of Retirement...am I good?

I looked back at my data and the 7year bucket is 41% of initial retirement start portfolio value. I have detailed all my current expenses for the last 2 years and added margin. I have run in multiple calculators without SS even and I am still 99-100% success rate. None the less I have the same drea...
by qwertyjazz
Tue Jul 24, 2018 3:36 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 206
Views: 15773

Re: Why is leveraging property good but leveraging stocks bad?

Bodie discusses a LEAPS ladder in a general way. https://poseidon01.ssrn.com/delivery.php?ID=13709806600708811607211900010801708900001802308600802810106809509407506803012300602406005509812106700710502911001704401709304609408609606912207208300211909306302000800610212100009607411200709007609602111100...
by qwertyjazz
Tue Jul 24, 2018 3:35 am
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 92
Views: 7237

Re: Families - What's your total annual credit card spend?

Just for reference, I'm curious what you married-with-kids bogleheads are spending on your combined total credit card expenses each year? The last couple years DW + I have been in the $40-$45K range. Seems high to me when I look at it, though we do have 3 kids and put everything we can on CCs, incl...
by qwertyjazz
Fri Jul 20, 2018 5:50 pm
Forum: Investing - Theory, News & General
Topic: Does total stock market invest in dying companies like sears?
Replies: 7
Views: 1032

Re: Does total stock market invest in dying companies like sears?

The rule is nobody knows nothing and things change. Sears might go to zero or might rebound a little. The price thoug has plummeted so it is less of a risk. You buy everything on the statistical concept that a few will improve which has historically more than made up for the losers. I thought Best B...
by qwertyjazz
Thu Jul 19, 2018 10:32 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 206
Views: 15773

Re: Why is leveraging property good but leveraging stocks bad?

... Say I want 120 percent leverage how would I create that with a series of out of money LEAPS? All I could find were either really complicated Wilmott forum type posts or statements about the general theory. I can intuit it but curious about playing with it explicitly... Why "out of money"? I wou...
by qwertyjazz
Thu Jul 19, 2018 5:25 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 206
Views: 15773

Re: Why is leveraging property good but leveraging stocks bad?

Hello fellow Bogleheads, I come in peace. I need some pointers from the wiser heads around here because I’m having some trouble internally reconciling a concept. That concept is leverage. I understand the basic concept and mechanic of leverage and how it acts as a double-edged sword, magnifying bot...
by qwertyjazz
Thu Jul 19, 2018 4:01 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17618

Re: Salary vs. Lifestyle

I've made the opposite choice, but only after reaching financial independence. I'm now working 40% less for 40% lower pay than I did as a full-timer. No regrets. :beer -PoF PoF (and anyone else with an opinion) - if you were starting over would you do it the same way with working hard until FI and ...
by qwertyjazz
Thu Jul 19, 2018 3:36 am
Forum: Investing - Theory, News & General
Topic: Market timing benefit? Or just pure luck?
Replies: 15
Views: 2203

Re: Market timing benefit? Or just pure luck?

Periods of benefit for US and for ex-US in that series but more for US - so a strategy that rebalanced but not as often could on average take advantage of that but would still have more years with the dominant returning asset (US) - the fact that it is periods make Monte Carlo more complicated - but...
by qwertyjazz
Tue Jul 17, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 92
Views: 7237

Re: Families - What's your total annual credit card spend?

Just for reference, I'm curious what you married-with-kids bogleheads are spending on your combined total credit card expenses each year? The last couple years DW + I have been in the $40-$45K range. Seems high to me when I look at it, though we do have 3 kids and put everything we can on CCs, incl...
by qwertyjazz
Mon Jul 16, 2018 11:04 am
Forum: Investing - Help with Personal Investments
Topic: All-In VTSAX
Replies: 37
Views: 4264

Re: All-In VTSAX

All these posts make me want to increase my international allocation to market weight instead of 30 percent. If everyone wants to market time in one direction based on recency bias, I figure the opposite is the way to go. Although I will likely just stay the course and it won't make much difference...
by qwertyjazz
Sat May 26, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: The "4% withdrawal rate"- would it apply to someone "retiring" in their 70s?
Replies: 54
Views: 4978

Re: The "4% withdrawl rate" - would it apply to someone "retiring" in their 70s?

The advice so far is for an ‘average’ 70 something. That makes no sense in an individual if life expectancy can be better estimated and choices related to having funds for later medical expenses vs earlier spending. For sake of explanation, if there is a 95% mortality in the next 5 years and no pref...
by qwertyjazz
Sat May 26, 2018 11:23 am
Forum: Investing - Theory, News & General
Topic: Misuse of the word "technology" in finance
Replies: 19
Views: 1399

Re: Misuse of the word "technology" in finance

Misuse implies a bigger and smaller issue. The terms used in classification of anything is related to those who classify them and the history of thought embedded in that decision. Misuse implies some absolute ahistorical standard which cannot exist in any human classification system.
by qwertyjazz
Mon Apr 09, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 15322

Re: Ivy school education. Is it worth it?

I live in an affluent area with many doctors, lawyers; movers and shakers. Many of their kids are going to ivy league level schools. Understandably their parents are very proud. My son on the other hand is an average student. So maybe I have an axe to grind. But regardless it is an interesting ques...
by qwertyjazz
Wed Mar 14, 2018 9:57 pm
Forum: Investing - Theory, News & General
Topic: TSP bonds?
Replies: 92
Views: 7848

Re: TSP bonds?

There is something I have not understood. If you never plan to rebalance or sell, is there an advantage of G fund vs equivalent duration government bond? Thank you QJ The G Fund provides a rock-solid, stable pool of money that never decreases. Having money in the G Fund cushions the effects of down...
by qwertyjazz
Wed Mar 14, 2018 9:06 pm
Forum: Investing - Theory, News & General
Topic: TSP bonds?
Replies: 92
Views: 7848

Re: TSP bonds?

There is something I have not understood. If you never plan to rebalance or sell, is there an advantage of G fund vs equivalent duration government bond?

Thank you
QJ
by qwertyjazz
Tue Mar 13, 2018 5:56 pm
Forum: Investing - Theory, News & General
Topic: Who's doing 100% international equity?
Replies: 79
Views: 9982

Re: Who's doing 100% international equity?

I am sorta 100% international with some creative math. If you ignore my Roth IRA and 401ks equivalents which are on autopilot and are either US total stock market, DFA value or target date funds, my taxable is 100% international. That is the only thing I am making conscious decisions on. I am buildi...
by qwertyjazz
Thu Feb 08, 2018 9:37 pm
Forum: Personal Consumer Issues
Topic: Relearning Calculus
Replies: 81
Views: 7299

Re: Relearning Calculus

Rudin Principles of Mathematical Analysis
Spivak is a great book to learn theory
Have fun
by qwertyjazz
Tue Jan 30, 2018 8:05 am
Forum: Investing - Theory, News & General
Topic: TSM believers, defend thyself! (In a good natured, friendly debate.)
Replies: 59
Views: 7304

Re: TSM believers, defend thyself! (In a good natured, friendly debate.)

Is it legitimate for such a person to somewhat substantially tilt towards small cap/value? Why or why not? It is if you believe that there is a an anomaly that grants a premium to small cap / value. That is, if there is a defect in the market that is giving away free money. This is hotly debated ar...
by qwertyjazz
Tue Jan 23, 2018 9:47 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth / step-transaction doctrine news: [Congress recognizes process]
Replies: 33
Views: 3911

Re: Backdoor Roth / step-transaction doctrine news: [Congress recognizes process]

The IRS is even more subservient to the congressional intent. In my 5 years with the National Office, technical attorney's at the Service would be more concerned with statements of Congressional intent than they would be with an adverse Circuit Court opinion. See e.g.'s Actions on Decisions by the ...
by qwertyjazz
Tue Jan 23, 2018 5:06 pm
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 105
Views: 12834

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

FiveK wrote:
Tue Jan 23, 2018 4:23 pm
qwertyjazz wrote:
Tue Jan 23, 2018 3:59 pm
HENRY = High Income Not Retired Yet? Best guess
High Earning, Not Rich Yet
Thank you
by qwertyjazz
Tue Jan 23, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth / step-transaction doctrine news: [Congress recognizes process]
Replies: 33
Views: 3911

Re: Backdoor Roth / step-transaction doctrine news: [Congress recognizes process]

Fascinating - congressional comments years later - not those associated with passing of a law - are to be used for its interpretation
Not a lawyer also but ...
by qwertyjazz
Tue Jan 23, 2018 3:59 pm
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 105
Views: 12834

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

One other note, a very significant percentage of the posts are from the already affluent or HENRYs. If somebody is in the 39.6% federal bracket, I'm comfortable allowing them to do their own research and figure more out on their own. I'd feel more useful if we could get more "portfolio question" th...
by qwertyjazz
Mon Jan 22, 2018 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: 50/50 AA recommended by Benjamin Graham
Replies: 43
Views: 5918

Re: 50/50 AA recommended by Benjamin Graham

An interesting question, which I once made a shallow dig into without coming up with any satisfying answer, is how did 50/50 become 60/40? Graham suggests the nice-round-number 50/50 allocation as the neutral center (in "The Intelligent Investor," 1973). Bogle suggested 50/50 (in "Twelve Pillars," ...
by qwertyjazz
Tue Jan 16, 2018 2:58 am
Forum: Personal Finance (Not Investing)
Topic: Considering PhD...but so much to consider...
Replies: 51
Views: 4169

Re: Considering PhD...but so much to consider...

Education PhD marketability varies tremendously based on what skills you develop and the market for them. If you become a top notched psychometrician, the pay is pretty good. If you like education theories or administration stuff, it can vary. You mention that you are interested in the data analysis...
by qwertyjazz
Mon Jan 08, 2018 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: 529 asset allocation
Replies: 14
Views: 976

Re: 529 asset allocation

I seem to recall reading in the Utah 529 plan that withdrawals are made proportionally from underlying funds at the target asset allocation. Is this incorrect or do I remember incorrectly, or perhaps atypical of other plans? It seems that they really try to limit actively changing things very much ...
by qwertyjazz
Fri Jan 05, 2018 4:42 pm
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 149
Views: 11035

Re: Misuse of adverse

Maybe they are just sophisticated but cynical and view most changes in stock prices related adverse selection of offerings being manipulated in the market by traders and companies having differential knowledge - they are risk adverse? But like all gamblers being asked why they play a crooked game, t...
by qwertyjazz
Wed Dec 27, 2017 1:39 am
Forum: Investing - Theory, News & General
Topic: Just not getting it [Stock Picking versus TSM]
Replies: 99
Views: 16278

Re: Just not getting it

There are plenty of people out there that are smarter than you or I and have more information about individual stocks than we do. They do this full time and don't have a 9-5 job. They are called fund managers. Not one of them has been able to out perform the TSM over the long term. Past performance...
by qwertyjazz
Wed Dec 27, 2017 1:17 am
Forum: Personal Finance (Not Investing)
Topic: Should I continue paying off debt like I did in 2017?
Replies: 7
Views: 1818

Re: Should I continue paying off debt like I did in 2017?

The concept I have learned this year is sequence of returns risk. If the stock market had an equal return every year, then you would rather front load paying off debt to lower your personal risk from it. If you could even predict the years the stock market would have positive returns, then you could...
by qwertyjazz
Wed Dec 27, 2017 12:51 am
Forum: Investing - Help with Personal Investments
Topic: $60,000 unrealized loss in '17 that I don't need
Replies: 30
Views: 4245

Re: $60,000 unrealized loss in '17 that I don't need

Livesoft’s advice is probably correct But it assumes that the initial investment in GE was inferior to having bought an index. Of course given the forum, that is probably a safe statement. But if you in 2017 still believe in stock picking, then being out of the market for that stock for 30 days for ...