Search found 179 matches

by sabhen
Wed Sep 11, 2019 8:39 pm
Forum: Investing - Theory, News & General
Topic: Schwab cutting 600 jobs - announced today
Replies: 28
Views: 5410

Re: Schwab cutting 600 jobs - announced today

In my area, the local Schwab office used to open on Saturday until few months ago. They seem to have many advisors with VP titles at the office. Recently, I have been invited to a (free) lunch at the local fancy restaurant. It was a pitch for their advisory services. But in general, Schwab has been ...
by sabhen
Fri Sep 06, 2019 7:38 pm
Forum: Investing - Theory, News & General
Topic: Explaining the Demise of Value Investing
Replies: 240
Views: 13925

Re: Explaining the Demise of Value Investing

Warren Buffett stopped using Book Value as a metric for Berkshire H. of this year after many many years arguing it has lost its relevance. The champion of value investing is now buying Amazon and Apple after saying he did not understand Tech. Charlie Munger expressed some regret not buying Google. I...
by sabhen
Thu Aug 29, 2019 11:39 pm
Forum: Investing - Theory, News & General
Topic: Dr. Bill Bernstein: Next "Bogleheads on Investing" podcast guest
Replies: 56
Views: 4752

Re: Dr. Bill Bernstein: Next "Bogleheads on Investing" podcast guest

Any thoughts he may have on risk parity and leverage in general to achieve better returns?
by sabhen
Mon Aug 26, 2019 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13661

Re: Anyone retire in their 30s?

OP, I can relate to your predicaments. I was in a similar role as you and hated the "always-on, always-connected culture". I am much older than you. I am very happy I left Megacorp. I think you feel trapped. My advice is to look for other options. You need to change your environment, not just your m...
by sabhen
Mon Aug 12, 2019 8:08 pm
Forum: Personal Consumer Issues
Topic: Anyone been to a Kevin O'Leary event???
Replies: 22
Views: 3261

Re: Anyone been to a Kevin O'Leary event???

No reason to go unless I get paid to attend.
by sabhen
Sat Aug 10, 2019 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: No pay increase but increase in responsibility
Replies: 110
Views: 8030

Re: No pay increase but increase in responsibility

Just Don't Do It. The company does not value its people. Seek another job.
by sabhen
Sun Aug 04, 2019 1:06 pm
Forum: Personal Consumer Issues
Topic: "Duty Free" shops at Airports
Replies: 44
Views: 3992

"Duty Free" shops at Airports

I occasionally buy perfumes at the Airport for the wife when I travel internationally.

The stuff sold at airports is clearly overpriced. Companies that sell these type of goods have done extremely well in the stockmarket LVMH, Dior etc...

Do Bogleheads buy gifts at these "Duty-Free" shops and why.
by sabhen
Sat Aug 03, 2019 11:19 pm
Forum: Investing - Theory, News & General
Topic: Meb Faber/Cambria/Trinity Funds
Replies: 66
Views: 10651

Re: Meb Faber/Cambria/Trinity Funds

I get the feeling that he uses his funds to support his podcast platform rather than vice versa.
+1

I agree podcast is good. But it's subtle marketing for his funds like all the other similar podcasts. I see no compelling reason to invest in his funds.
by sabhen
Thu Jul 25, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Way out of financial catastrophe?
Replies: 80
Views: 10855

Re: Way out of financial catastrophe?

Sorry for your predicaments.

Don't let sunk costs determine your future investment decisions.
by sabhen
Wed Jul 17, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 72
Views: 6256

Re: Take the cash or the free dinner?

Free dinner = lower cash value usually eat more unhealthy stuff and extra calories to burn ==> prefer cash.
by sabhen
Mon Jul 15, 2019 1:05 am
Forum: Personal Consumer Issues
Topic: Got robbed in London...Phone stolen...what else do I need to do?
Replies: 56
Views: 7956

Re: Got robbed in London...Phone stolen...what else do I need to do?

Right now I am on a visit to London. Wonderful lively city. A lot to see and do. No reason to avoid it and make a sweeping generalization about safety overall.
by sabhen
Sat Jul 06, 2019 11:34 am
Forum: Investing - Theory, News & General
Topic: It's All About the Earnings Growth
Replies: 19
Views: 2279

Re: It's All About the Earnings Growth

I remember the period of 2015 and early 2016 talk of earning recession in the financial media which impacted mostly industrial companies. My own company where I work instituted furloughs and a reduction in force.
by sabhen
Fri Jul 05, 2019 1:51 pm
Forum: Investing - Theory, News & General
Topic: Are you retirement ready?
Replies: 3
Views: 1051

Are you retirement ready?

Fisher Investments is not popular with Bogleheads. I am a DIY kind of guy. I read their weekly newsletter for a different perspective. The message seems you need to up the percentage of stocks and reduce the percentage of bonds because you or spouse may live to 100. Bonds are "safer" in the short te...
by sabhen
Thu Jul 04, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Would we regret buying a 2nd home?
Replies: 90
Views: 8512

Re: Would we regret buying a 2nd home?

I don't see the point of owning an expensive asset unless I can use it efficiently. Most of the time the second home is empty. You are also stuck with a specific location limiting your freedom. Not to mention the maintenance, upkeep costs, etc...It will own you not the other way around. What about h...
by sabhen
Sun Jun 30, 2019 4:07 pm
Forum: Investing - Theory, News & General
Topic: Is anyone else worried about tech becoming too big/overvalued?
Replies: 54
Views: 4516

Re: Is anyone else worried about tech becoming too big/overvalued?

The short answer is no.

Apple will a P/E of 17 is less than the S&P500 at 19. A lot of these companies are very profitable. It was not the case in 1999.

I expect them to grow even larger over the next 10 to 20 years.
by sabhen
Sat Jun 29, 2019 11:28 am
Forum: Personal Consumer Issues
Topic: Going to switzerland this september-advice?
Replies: 30
Views: 1992

Re: Going to switzerland this september-advice?

Loved my last trip to Switzerland. I took a train from Paris and used Railpass purchased in the US all the way to Hamburg, Germany. Along the way, I stopped in Bern and Vienna. Loved both, especially Vienna. Bern is a beautiful town with a lot to see including museums. I missed seeing the Einstein m...
by sabhen
Sun Jun 23, 2019 8:58 am
Forum: Non-US Investing
Topic: Online broker in Germany - recommendations needed!
Replies: 3
Views: 323

Re: Online broker in Germany - recommendations needed!

Flatex. Please visit their home page and follow up with questions by calling them. I have been with them for a number of years and I am pretty happy for a European broker. I am saying that because in Europe taxes and fees are still a bit higher than the US. Although, they have trended down over the ...
by sabhen
Sun Jun 16, 2019 10:06 am
Forum: Investing - Theory, News & General
Topic: good example US vs UK returns
Replies: 20
Views: 1789

Re: good example US vs UK returns

UK stocks are dominated by banks, energy, mining i.e. value stocks. Value stocks tend to surge at specific periods where there is high inflation (1970s/1980s) and/or growth stocks are too expensive (the early 2000s). I don't believe inflation is a threat in the foreseeable future because of unfavora...
by sabhen
Thu Jun 13, 2019 11:46 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9972

Re: The Case Against ETFs

Not sure I agree. I have bought and held VGT (technology sector ETF) for more than a decade and no surprise it did pretty well. I intend to keep it for another decade or more.
by sabhen
Fri Jun 07, 2019 11:36 pm
Forum: Personal Consumer Issues
Topic: Costco or Sam's Club?
Replies: 134
Views: 9017

Re: Costco or Sam's Club?

Neither.

Aldi for me.
by sabhen
Fri Jun 07, 2019 11:13 am
Forum: Personal Investments
Topic: How can an individual borrow money from say Germany to use in US?
Replies: 1
Views: 344

How can an individual borrow money from say Germany to use in US?

With Germany and Japan having negative interest rates, large companies seem to take advantage of this differential to use it in the US with higher interest rates for investing, etc... There is currency hedging which I like to understand. Can an individual do that say for a loan (mortgage, business e...
by sabhen
Wed Jun 05, 2019 4:24 pm
Forum: Investing - Theory, News & General
Topic: US stocks still look better than anywhere else
Replies: 100
Views: 8140

US stocks still look better than anywhere else

While American outperformance continues to defy history, the rest of the world remains trapped in a bear market. https://www.bloomberg.com/news/articles/2019-06-04/u-s-stocks-still-look-better-than-anywhere-else?srnd=premium The U.S. is about to celebrate 10 years of uninterrupted economic growth, ...
by sabhen
Thu May 23, 2019 3:15 pm
Forum: Personal Consumer Issues
Topic: Why it doesn't matter if Tesla survives
Replies: 21
Views: 1960

Re: Why it doesn't matter if Tesla survives

Dealers hate selling electric cars. Don't believe me, see how much attention you get at a Chevy dealership when you say you're only interested in an all-electric Bolt.
+1

Especially as Tesla and others move to sell their cars online.
by sabhen
Sat May 11, 2019 1:40 pm
Forum: Personal Consumer Issues
Topic: Which US city would you move to?
Replies: 74
Views: 7694

Re: Which US city would you move to?

Ann Arbor, MI for me.
by sabhen
Thu Apr 25, 2019 11:20 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 272240

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Here an interesting paper on S&P500 vs LTT. https://www.callan.com/wp-content/uploads/2018/01/Callan-Long-Term-Treasuries-Equity-Hedge.pdf Main conclusions: • First, the data clearly show that long-term Treasuries can have high returns in quarters when equity markets perform poorly. They can also ha...
by sabhen
Sun Apr 21, 2019 1:42 pm
Forum: Personal Consumer Issues
Topic: Tips for getting the most out of your cruise?
Replies: 60
Views: 4413

Re: Tips for getting the most out of your cruise?

If you like good quality coffee, you may bring with you a cafetiere and make yourself your favorite coffee.
by sabhen
Wed Apr 17, 2019 4:22 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12035
Views: 2047718

Re: U.S. stocks in free fall

Big drop in healthcare ETFs. Could be a good time to buy for the long term.
by sabhen
Tue Apr 02, 2019 9:28 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 272240

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

OP,

Did you publish an end of the quarter performance status of the strategy? My little experiment with a modest small sum came to about 6.5% at the end of the quarter (started on 22 Feb).
by sabhen
Wed Mar 27, 2019 8:58 pm
Forum: Personal Consumer Issues
Topic: Boeing 737 Max 8 Flight: Would you rebook?
Replies: 63
Views: 5339

Re: Boeing 737 Max 8 Flight: Would you rebook?

Back in 2010, Airbus launched the A320NEO by using more fuel-efficient engines. This was in part a response to the C-series from Bombardier. Boeing was at the time working on a brand new single-aisle to replace the B737. The A320 NEO proved to be a massive success with the airlines. The tipping poin...
by sabhen
Tue Mar 26, 2019 8:09 pm
Forum: Personal Consumer Issues
Topic: Boeing 737 Max 8 Flight: Would you rebook?
Replies: 63
Views: 5339

Re: Boeing 737 Max 8 Flight: Would you rebook?

I would fly on it again. Right now, there are investigations into the process of certification of new airplanes by the FAA in the US. Other civil aviation safety agencies around the world are going to demand strong assurances that the safety aspects are resolved before allowing the aircraft to fly.
by sabhen
Sun Mar 24, 2019 7:18 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 814
Views: 92418

Re: That's enough for me in 2019

OP,
I don't claim to know all the reasons behind my decisions, but I was disgusted by the Boeing fiasco.
I don't see the logic of linking a radical change of an AA to a particular event in the news. (I assume you are referring to the B737 Max on-going issue).
by sabhen
Thu Mar 21, 2019 11:00 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 12614

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

I live in Germany for a few years. I never owned a car there - even though I could afford it. I used public transport (bus, train, S-Bahn). I also walked to work, do the shopping in the nearby Aldi/Lidl. On occasion, I used a taxi. It was great. No insurance. No worry about parking or maintenance. C...
by sabhen
Thu Mar 21, 2019 9:09 pm
Forum: Personal Investments
Topic: Investing in start-ups?
Replies: 14
Views: 830

Investing in start-ups?

I have been approached by some start-ups for investing in their ventures. I am widely diversified and tends to use index funds for the vast majority of my investments. These are very risky investments. However, I am thinking a very small percentage <5%) could be used as a learning opportunity about ...
by sabhen
Sat Mar 16, 2019 11:17 pm
Forum: Investing - Theory, News & General
Topic: Favorite investment quote
Replies: 73
Views: 4281

Favorite investment quote

My favorite quote is by Sir John Templeton:

“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria".

Do you have a favorite quote?
by sabhen
Tue Mar 05, 2019 10:10 am
Forum: Investing - Theory, News & General
Topic: [Fidelity and Schwab Expand Commission Free ETF list]
Replies: 42
Views: 3377

Re: Schwab’s New Commison Free List

Can you share what did you do to save your portfolio from last fall in Q4?
by sabhen
Tue Mar 05, 2019 10:05 am
Forum: Personal Consumer Issues
Topic: Flights to Europe
Replies: 35
Views: 2493

Re: Flights to Europe

LAX to LHR (return): $460 with Virgin Atlantic economy class. Booked (Expedia) in January for mid-Feb departure and return early March. Flight mid-week. Then use cheap flights within Europe.
by sabhen
Fri Mar 01, 2019 7:42 am
Forum: Personal Consumer Issues
Topic: Retirement in Switzerland
Replies: 53
Views: 5032

Re: Retirement in Switzerland

why not Germany? similar culture to the German-speaking part but much cheaper. Switzerland, Austria are within an easy reach from Germany.
by sabhen
Fri Mar 01, 2019 6:07 am
Forum: Investing - Theory, News & General
Topic: Misuse of the word "technology" in finance
Replies: 45
Views: 3770

Re: Misuse of the word "technology" in finance

CEO's of traditional industrial companies - mainly producing hardware - are now rebranding their companies as technology or software industrial companies using various terms (IoT, cybersecurity, automation/robotics, software, ML/AI, ...). I think it is driven by the recognition that without effectiv...
by sabhen
Wed Feb 20, 2019 12:41 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 272240

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

These ETFs have to borrow funds for leverage. Who pays for the leverage? is that part of the expense ratio or are there other costs not accounted for in the ER? I admit I do not fully understand how they operate. There is more to LETF costs than just plain ER. ER is easy to figure out. Interest and...
by sabhen
Wed Feb 20, 2019 7:59 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 272240

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

These ETFs have to borrow funds for leverage. Who pays for the leverage? is that part of the expense ratio or are there other costs not accounted for in the ER? I admit I do not fully understand how they operate.
by sabhen
Mon Feb 18, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: Hostels while solo traveling in Europe?
Replies: 23
Views: 2342

Re: Hostels while solo traveling in Europe?

You may want to visit a local Toastmasters club if you speak a bit of the language. There are also English speaking ones. People there are usually very friendly and very welcoming. Afterward, people meet for drinks and chit-chat. It's a great way to meet the locals.
by sabhen
Mon Feb 18, 2019 9:52 am
Forum: Personal Investments
Topic: Vanguards recommends investors to increase international (non-US) stock holdings to 40% ?
Replies: 128
Views: 13484

Re: Vanguards recommends investors to increase international (non-US) stock holdings to 40% ?

I lived overseas for many years and my experience was that the business communities and governments in the UK, Germany, Sweden, Norway, Australia, New Zealand, Canada and many others were neither unreliable nor unethical. Without getting into politics I could posit that some of these business commu...
by sabhen
Mon Feb 18, 2019 7:46 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 272240

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Post by HEDGEFUNDIE » Sun Feb 17, 2019 4:58 am sabhen wrote: ↑Sun Feb 17, 2019 12:27 am Great thread! I am thinking that a slight variation on the 60/40 (TMF/UPRO) with 20/10/10 (UPRO/TQQQ/CURE) may be a little better in the sense of more diversification and lesser risk with more ETFs. Furthermore,...
by sabhen
Mon Feb 18, 2019 7:09 am
Forum: Investing - Theory, News & General
Topic: Buffet's Betas: What Individual Investors Can Learn From Buffett
Replies: 36
Views: 2289

Re: BRK - thoughts on interesting stock

[Post moved into here, see below. --admin LadyGeek] A bit of a surprise to me that Buffett uses l everage which explains some of his outperformance according to this paper (2013). https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2360949 Abstract Berkshire Hathaway has realized a Sharpe ratio of ...
by sabhen
Sun Feb 17, 2019 11:12 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 272240

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Post by HEDGEFUNDIE » Sun Feb 17, 2019 4:58 am sabhen wrote: ↑Sun Feb 17, 2019 12:27 am Great thread! I am thinking that a slight variation on the 60/40 (TMF/UPRO) with 20/10/10 (UPRO/TQQQ/CURE) may be a little better in the sense of more diversification and lesser risk with more ETFs. Furthermore,...
by sabhen
Sun Feb 17, 2019 3:27 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 272240

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Great thread! I am thinking that a slight variation on the 60/40 (TMF/UPRO) with 20/10/10 (UPRO/TQQQ/CURE) may be a little better in the sense of more diversification and lesser risk with more ETFs. Furthermore, I am a believer in the secular growth of these two sectors in the next 20 years and ther...
by sabhen
Mon Feb 11, 2019 10:01 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 272240

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Thanks for the explanation. UPRO was not around in 2008-2009 recession. One big issue during the last recession was counterparty risk.

Great question
will there be a market for the fund managers to wind their positions down and balance the leverage on a day with 20% or 30% drop?
by sabhen
Mon Feb 11, 2019 3:18 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 272240

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

HEDGEFUNDIE wrote: ↑Sat Feb 09, 2019 1:00 pm If 2008 happened again, UPRO would get killed but TMF would skyrocket. [...] What would be the absolute downside in this scenario? If say S&P500 is down 50% (2008-2009), UPRO be down 150% (3 times) Does that mean, one of the following scenarios: 1) UPRO ...
by sabhen
Sun Feb 10, 2019 9:05 pm
Forum: Investing - Theory, News & General
Topic: Risk Parity Fund at Wealthfront
Replies: 15
Views: 1378

Re: Risk Parity Fund at Wealthfront

Agree that one year is too short to pass judgment on an investment strategy. My understanding is that risk parity strategies are designed to improve the risk-return ratio over a 100% equity or a standard 60/40 portfolio. It not designed for the "average" investor since min. investment is $5M, it see...
by sabhen
Sun Feb 10, 2019 1:03 pm
Forum: Investing - Theory, News & General
Topic: Risk Parity Fund at Wealthfront
Replies: 15
Views: 1378

Risk Parity Fund at Wealthfront

Risk Parity is an intriguing idea as evidenced by the monster thread started by HEDGEFUNDIE. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=272007 Wealthfront (with B. Malkiel as CFO) has started a Risk Parity Fund last year (WFRPX). Their advisory fees seem reasonable for a leveraged fund (0...