Search found 1331 matches

by Karamatsu
Fri Nov 09, 2018 3:21 am
Forum: Investing - Theory, News & General
Topic: Do you prefer etfs or mutual funds?
Replies: 52
Views: 4636

Re: Do you prefer etfs or mutual funds?

I don't have a choice because of residency rules, but if I could use either one, I'd compare the costs. I'm not sure about now, but for a while, at least, Vanguard's mutual funds had higher fees than the ETF share class of exactly the same fund. The ETF might trade at a premium or a discount to the ...
by Karamatsu
Sat Aug 25, 2018 6:17 am
Forum: Investing - Theory, News & General
Topic: Mistake done [Europe - Have you ever regretted a trade that you made?]
Replies: 13
Views: 1550

Re: Mistake done [Europe - Have you ever regretted a trade that you made?]

I know this loss is not the end of the world, especially with a buy and hold strategy but I would like to hear your comments if you have ever made such a mistake in a day and how you react about it. Sure, I've made mistakes like that lots of times, as well as typographical errors, errors in judgmen...
by Karamatsu
Mon Jun 25, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Starting out, in Japan
Replies: 34
Views: 3701

Re: Starting out, in Japan

Thanks for that link to the Vanguard funds. I had not seen them before, but at first glance they look good. What do people think about the .1696% ER? It's a little over 4X what the actual Vanguard fund costs, but maybe still reasonable for Japan. I'm not sure... but if so, it would be tempting just ...
by Karamatsu
Mon Jun 25, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Starting out, in Japan
Replies: 34
Views: 3701

Re: Starting out, in Japan

For example, it is perfectly reasonable (and this is exactly how infants learn Japanese and any language) to learn Japanese sentences and grammar without learning any grammar. Just keep in mind that in order for that to work it can't just be passive. There needs to be constant positive feedback and...
by Karamatsu
Sun Jun 24, 2018 3:28 am
Forum: Investing - Help with Personal Investments
Topic: Starting out, in Japan
Replies: 34
Views: 3701

Re: Starting out, in Japan

The main difficulties with investing in US assets in the short term come from the brokers. Many US brokers don't want to deal with expatriates, so you'd want to check with your broker(s) and make sure they are OK with you continuing to invest while in Japan. Be sure to phrase it as a hypothetical so...
by Karamatsu
Wed Jun 06, 2018 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Starting out, in Japan
Replies: 34
Views: 3701

Re: Starting out, in Japan

ようこそ! Since our situations are a bit different (I'm a US citizen) a lot of the craziness won't apply, so it just comes down to the choices that work best for you. I would, however, recommend something less aggressive than 100% stocks. I know all the arguments (been there, done that), but would serio...
by Karamatsu
Wed Jun 06, 2018 9:03 pm
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 5349

Re: Best case to convert a Bogle skeptic?

This is probably a fool’s errand, but have others had success convincing highly skeptical family members that the legacy advising model is a waste of significant money? Are there compelling reads to give him, airtight arguments to make? My husband and I know we’re not idiots and hate that he thinks...
by Karamatsu
Wed Jun 06, 2018 8:30 pm
Forum: Investing - Theory, News & General
Topic: At what point do you lose your privilege to invest (in the U.S.)?
Replies: 24
Views: 2899

Re: At what point do you lose your privilege to invest (in the U.S.)?

Generally speaking (unless you live in one of the no-no countries), you never lose your option to invest in US equities, etc. Like many countries, the US goes to great lengths to invite foreign investment... not turn it away. What can be a problem is taxes and tax-related regulations (in both countr...
by Karamatsu
Sat Apr 14, 2018 4:34 am
Forum: Investing - Theory, News & General
Topic: Any value investor buying a Russia fund?
Replies: 92
Views: 7258

Re: Any value investor buying a Russia fund?

I think the idea that national markets can be evaluated by the same metrics as US companies is likely to be fundamentally flawed. There are far more variables, far more unknowns, countries are so different, and their equity markets used for such different purposes that except in very stable, cultura...
by Karamatsu
Thu Mar 29, 2018 8:35 am
Forum: Investing - Theory, News & General
Topic: Is technical analysis all smoke and mirrors?
Replies: 62
Views: 6395

Re: Is technical analysis all smoke and mirrors?

There is a definition problem but I think of "pure" technical analysis as being analysis of patterns in price action totally irrespective of what the underlying issue is (though of course, the analysis parameters differ depending on what type of asset you're talking about) or any other outside data....
by Karamatsu
Tue Mar 06, 2018 8:36 pm
Forum: Investing - Theory, News & General
Topic: Are Japanese Stocks Cheap?
Replies: 30
Views: 3581

Re: Are Japanese Stocks Cheap?

I think it's important to be aware that those cultural differences apply to investment as well. Rules of thumb (often just a mixture of superstition and data fitting) used for investing in the US (such as levels for cheap/dear metrics) don't necessarily apply in other markets, which sometimes have d...
by Karamatsu
Mon Feb 05, 2018 2:04 am
Forum: Investing - Help with Personal Investments
Topic: American Expats and FEIE: no tax advantaged accounts?
Replies: 21
Views: 1806

Re: American Expats and FEIE: no tax advantaged accounts?

The IRS is made aware of your contributions to a Roth IRA by the custodian (Vanguard, for example) on form 5498, box 10. In that case what I think we can say is that although they have sufficient data to do so, they have not, at least in the past, pro-actively notified taxpayers of a potential prob...
by Karamatsu
Sun Feb 04, 2018 6:26 am
Forum: Investing - Help with Personal Investments
Topic: American Expats and FEIE: no tax advantaged accounts?
Replies: 21
Views: 1806

Re: American Expats and FEIE: no tax advantaged accounts?

If it's a Roth IRA then the IRS probably doesn't know about your contributions and they'd only become aware of them when you make withdrawals. So... decades go by... you're retired... start looking at your IRA... and then they tell you you're liable not only for the excess contributions (and any inc...
by Karamatsu
Wed Jan 03, 2018 12:33 am
Forum: Investing - Help with Personal Investments
Topic: Age In Bonds after 65 with 25X, 35X, 50X ??? Your Approach?
Replies: 35
Views: 3522

Re: Age In Bonds after 65 with 25X, 35X, 50X ??? Your Approach?

I'm fairly conservative these days and adhere to a rough age-in-bonds approach (actually it's age+5), but my plan is to set a floor where the minimum equity allocation is 20%, in part just because and in part because the MV curve has a kink in it at about that level, indicating that a small-ish allo...
by Karamatsu
Tue Jan 02, 2018 2:10 am
Forum: Investing - Theory, News & General
Topic: Preferreds
Replies: 13
Views: 1615

Re: Preferreds

All in all I think trying to diversify across types of investment product structures is not, in and of itself, a high priority. If you look carefully, for example, there are many different types of preferreds and structured products. Some offer meaningful benefits to certain classes of investors, bu...
by Karamatsu
Sun Dec 31, 2017 4:49 am
Forum: Investing - Theory, News & General
Topic: Japanese Investments (Expat using Yen)
Replies: 2
Views: 399

Re: Japanese Investments (Expat using Yen)

I'm not clear on what the scenario is. Are you a resident of Japan? What is your country of citizenship? It matters because most brokers are unlikely to open an account for a non-(Japan)-resident unless they're Japanese citizens. In addition, if you are a US citizen, then owning shares of most (if n...
by Karamatsu
Thu Nov 23, 2017 2:27 am
Forum: Investing - Help with Personal Investments
Topic: Slanting International geographically or regionally
Replies: 25
Views: 1623

Re: Slanting International geographically or regionally

I am sure many BH slant their International toward or away from Emerging Markets but do any BH slant them geographically or regionally? At one point I considered separating, say, Europe from Asia-Pacific, but it was more for rebalancing than because I had premonitions about which region might be go...
by Karamatsu
Wed Nov 22, 2017 5:10 am
Forum: Investing - Help with Personal Investments
Topic: First time investor looking to jump in market but apprehensive with record highs
Replies: 23
Views: 3587

Re: First time investor looking to jump in market but apprehensive with record highs

Whether you DCA or go all-in at once, what you want is an asset allocation that you can be comfortable with no matter what the market does. This is because, over the next 30-40 years, it will probably do just about everything. We all know that, but nobody knows when. So treat your uneasiness about i...
by Karamatsu
Tue Nov 21, 2017 7:02 pm
Forum: Investing - Theory, News & General
Topic: Dormant Bank Accounts
Replies: 4
Views: 1177

Re: Dormant Bank Accounts

I don't see any advantage to keeping an account that has no balance. There is some value in dividing your cash, in case one bank runs into trouble (financial or operational/technical) and becomes inaccessible for a time. Just make sure that any bank where you intend to "park" cash doesn't have an in...
by Karamatsu
Sun Oct 15, 2017 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: The theory seems irrelevant. How does one execute?
Replies: 23
Views: 2321

Re: The theory seems irrelevant. How does one execute?

Someone suggested to me that my experience with cryptocurrency would give me the fortitude to invest in the stock market. I do not think that it does, but feel like I can't just sit on cash for the rest of my life. What do I do? Based on what you've said here and in other posts, I suggest dialing b...
by Karamatsu
Fri Sep 29, 2017 4:41 am
Forum: Investing - Theory, News & General
Topic: Share buybacks vs Dividends
Replies: 102
Views: 6453

Re: Share buybacks vs Dividends

There is, however, the problem that, on average (and somewhat counter-intuitively), companies doing share buybacks typically buy when their shares are high, creating a buy-high sell-low dynamic that, if nothing else, lends support to the idea that it's hard for anyone -- even insiders -- to generate...
by Karamatsu
Mon Sep 18, 2017 1:55 am
Forum: Investing - Theory, News & General
Topic: Good books for bond investing?
Replies: 16
Views: 1921

Re: Good books for bond investing?

Well, there is Larry Swedroe's own The Only Guide to a Winning Bond Strategy You'll Ever Need . It's a question that gets debated around here every now and then (the merits of individual issues versus funds). I always have the sneaking suspicion that the timing of turnover in a fund could lead to lo...
by Karamatsu
Sun Sep 03, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: GLOBAL 1M$ Conservative Growth Portfolio?
Replies: 25
Views: 2580

Re: GLOBAL 1M$ Conservative Growth Portfolio?

One concern I'd have with a large bond allocation is unexpected inflation. Over the long run and on average, I guess you'd be covered by the intermediate term, but at any given moment, markedly increased inflation would raise rates and depress the market value of the majority of your bonds, making t...
by Karamatsu
Tue Aug 22, 2017 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Investing while residing in Japan
Replies: 3
Views: 659

Re: Investing while residing in Japan

Welcome! opening a NISA is the obvious first thing to do. Does it give access to low-cost funds like Vanguard ? Which bank seems the most "gaijin" friendly ? Banks tend to be very expensive generally, so your best bet is probably to go through a real brokerage. I use SMBC because I was forced to, bu...
by Karamatsu
Sun Jul 02, 2017 7:50 am
Forum: Investing - Theory, News & General
Topic: The "angle" at Schwab
Replies: 32
Views: 5277

Re: The "angle" at Schwab

Here's my question: What "angle" should I expect... I've been at Schwab more than 25 years now and have seen the angles change now and then, but generally they are not pushy at all. At my first visit with them (also at a physical office), the representative recommended index funds with age in bonds...
by Karamatsu
Sat Jun 10, 2017 3:21 am
Forum: Investing - Theory, News & General
Topic: 100% Stock Portfolio?
Replies: 148
Views: 19444

Re: 100% Stocks For A Late Starter?

Do you think it is a bad idea?
Yes, assuming that 100% really means 100% of assets, then I think it's a bad idea.. Better to choose a more balanced portfolio.
by Karamatsu
Fri Jun 09, 2017 3:08 am
Forum: Investing - Theory, News & General
Topic: Does anyone feel they missed out on AMZN, NFLX,TSLA?
Replies: 113
Views: 14438

Re: Does anyone feel they missed out on AMZN, NFLX,TSLA?

Does anyone else feel that way? Did anyone else act on similar impulses and purchase stocks like these? No. These things are never as safe or as sure in "real time" as they are in hindsight. Consider right now. What stock seems undervalued compared to your estimate of its potential today? Is it eas...
by Karamatsu
Fri Jun 02, 2017 5:21 am
Forum: Investing - Theory, News & General
Topic: Dealing with Impatience reaching financial goals
Replies: 36
Views: 6000

Re: Dealing with Impatience reaching financial goals

How do you guys deal with it? Do you also get impatient/restless as you are approaching a major financial milestone (financial independence, retirement, a nice big round number, etc.), do you start really pinching pennies to try to get to that milestone sooner? I suppose I just try to maintain a co...
by Karamatsu
Thu May 18, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Global or Country Fund
Replies: 12
Views: 1115

Re: Global or Country Fund

If one does not a opinion on if a currency is going to strengthen or weaken - which most global bond funds don't have - then one can enter into a zero cost collar. Interesting! Clearly it's possible to hedge so that you neither benefit nor lose from exchange rate fluctuations, but how is it possibl...
by Karamatsu
Thu May 18, 2017 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Social Security Planning (Incarcerated Spouse)
Replies: 5
Views: 1879

Re: Social Security Planning (Incarcerated Spouse)

Thanks for the question and the answer. Good to know,
by Karamatsu
Thu May 18, 2017 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Choosing a foreign broker. 1099-DIV issue.
Replies: 3
Views: 553

Re: Choosing a foreign broker. 1099-DIV issue.

How much is the 1099-DIV worth? The 1099-DIV isn't worth much at all, as long as you or your broker keep track of dividends received. There are some nuances. For example, return-of-capital often looks like a dividend but isn't. I can imagine the 1099-DIV being especially helpful when dealing with m...
by Karamatsu
Mon May 15, 2017 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Global or Country Fund
Replies: 12
Views: 1115

Re: Global or Country Fund

I want to do Global Stocks but on the bond side ( 30% ) am I best to go UK ( as i'm based here ) all Global? The usual advice is to invest in equities globally but bonds locally because exchange rate effects can easily overwhelm the yields on high-quality bonds, which in this type of portfolio (lik...
by Karamatsu
Mon May 08, 2017 6:37 am
Forum: Investing - Theory, News & General
Topic: A Boglehead Guide to Buying Individual Stocks
Replies: 85
Views: 8977

Re: A Boglehead Guide to Buying Individual Stocks

The point would be learning how to value companies rather than actually making money. In that case I found the Streetsmart Guide to Valuing a Stock to be a good practical introduction. Not too simple, not too complicated/theoretical. I recommend that you build a spreadsheet (or write custom softwar...
by Karamatsu
Thu Apr 20, 2017 6:42 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 50855

Re: Larry Swedroe says "Goodby."

Just adding my thanks. I'm know we're all better investors for your contributions here and I hope somehow we can still be alerted to your articles. Also just personal thanks for all your reasoned arguments about the good, the flawed, the bad, and the ugly, as well as the steady voice during the dark...
by Karamatsu
Wed Apr 19, 2017 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for Retirement while Claiming Foreign Earned Income Exclusion
Replies: 11
Views: 1399

Re: Planning for Retirement while Claiming Foreign Earned Income Exclusion

If my math is right that gives me 45% US Equities, 40% International Equities and 15% US Treasury Bond. Does this seem reasonable? It certainly seems in the ballpark, which is the best any of us can really do! One thing you'll want to consider when you implement this is whether to reinvest dividend...
by Karamatsu
Wed Apr 19, 2017 3:46 am
Forum: Investing - Help with Personal Investments
Topic: Planning for Retirement while Claiming Foreign Earned Income Exclusion
Replies: 11
Views: 1399

Re: Planning for Retirement while Claiming Foreign Earned Income Exclusion

I suppose I'm curious why you would want to have SCHA and SCHX at the same time? If you're ambivalent about which size you want to tilt toward, then perhaps it would be simpler just to have 50% in SCHB? Alternatively, if you want to tilt toward small, you could just eliminate SCHX. Then if you want ...
by Karamatsu
Mon Apr 17, 2017 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: I got a FACTA-related form from my home country?
Replies: 24
Views: 2050

Re: I got a FACTA-related form from my home country?

What would the possible repercussions be if I just send back the form saying I am not a US citizen/resident? I have no money in my home country also, except for $1000 in that bank. It is unlikely that anybody here can really answer that question for you, most obviously because you don't identify yo...
by Karamatsu
Sun Apr 16, 2017 6:24 pm
Forum: Investing - Theory, News & General
Topic: Investors backing off their equity AA primarily due to 8-year bull market?
Replies: 56
Views: 5978

Re: Investors backing off their equity AA primarily due to 8-year bull market?

I'm not sure how to tell if there is a trend of that kind? If so it would mean that people were too aggressive to begin with.. Personally, the only selling I've done was to rebalance.
by Karamatsu
Sun Apr 09, 2017 1:09 am
Forum: Investing - Help with Personal Investments
Topic: Planning for Retirement while Claiming Foreign Earned Income Exclusion
Replies: 11
Views: 1399

Re: Planning for Retirement while Claiming Foreign Earned Income Exclusion

I've not found any clean way to do better than what the OP has described: the usual combination of low-cost index funds, however for someone in their 20s and with plans to return to the US... depending on the amount of your total portfolio you might consider skipping bonds for now and focusing your ...
by Karamatsu
Mon Apr 03, 2017 5:15 am
Forum: Investing - Theory, News & General
Topic: Bankruptcy of Westinghouse Electric
Replies: 79
Views: 9987

Re: Bankruptcy of Westinghouse Electric

This seems like it could get messy fast. Yes, it's already messy. Toshiba is going to take a US$9B loss for the year (for most companies in Japan the fiscal year ends at the end of March, hence the timing of Westinghouse's bankruptcy filing). The other companies manufacturing nuclear reactors in Ja...
by Karamatsu
Fri Mar 31, 2017 4:56 am
Forum: Investing - Theory, News & General
Topic: structured products - Japanese investors chase yield (off a cliff?)
Replies: 3
Views: 943

Re: structured products - Japanese investors chase yield (off a cliff?)

Oh, I'm sure you're right. If you pick up an investment magazine at a Japanese bookstore it fairly oozes snake oil.
by Karamatsu
Fri Mar 31, 2017 4:40 am
Forum: Investing - Help with Personal Investments
Topic: Foreign Stock Taxation
Replies: 1
Views: 300

Re: Foreign Stock Taxation

Usually you are liable for taxes but a bilateral tax treaty governs how much each country is able to demand. If the amounts are serious you should probably ask a tax accountant familiar with the situation in those specific countries (or just the EU in general if there are unified rules). You might s...
by Karamatsu
Fri Mar 31, 2017 4:30 am
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 164
Views: 16284

Re: When do you plan to die?

For the important things in life, I usually plan as if I'll die today. For financial stuff I usually plan for 100 since it's a round number and seems several sigmas away from likely. But of course expense estimates as a person gets older are nothing but a shot in the dark. Even setting aside politic...
by Karamatsu
Sun Mar 26, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: AA after reaching your "freedom number"?
Replies: 39
Views: 5072

Re: AA after reaching your "freedom number"?

Your "end game" AA is usually what defines your "freedom number," so for most people the two can't really be separated. In my case, for example, the "number" is whatever total account balance I would need to meet the forseeable future financial needs of my family (plus, say, an extra 10% for the une...
by Karamatsu
Mon Mar 20, 2017 1:57 am
Forum: Investing - Theory, News & General
Topic: Home Country Preference vs Home Country Bias?
Replies: 3
Views: 701

Re: Home Country Preference vs Home Country Bias?

I suspect that "preference" and "bias" are just two names for the same thing, and usage just depends on which way you want to spin it.
by Karamatsu
Sat Mar 18, 2017 9:36 pm
Forum: Investing - Theory, News & General
Topic: Why don't things "feel" bubbly?
Replies: 76
Views: 10616

Re: Why don't things "feel" bubbly?

Maybe it doesn't feel "bubbly" because this time we've learned enough not to buy into the froth, and our asset allocations are balanced enough that a 50% drop in equities might sting, but still not be a threat?
by Karamatsu
Sat Mar 18, 2017 7:16 am
Forum: Investing - Help with Personal Investments
Topic: Expat-friendly Roth IRA?
Replies: 7
Views: 1050

Re: Expat-friendly Roth IRA?

I second the recommendation for Schwab. If you can open an account with them, you will be able to purchase shares of US ETFs with no problem at all (Schwab ETFs commission-free, Vanguard's for $6.95/trade). You could also open an IRA (traditional or Roth) with them, but as has been pointed out, in o...
by Karamatsu
Sat Mar 18, 2017 7:07 am
Forum: Investing - Theory, News & General
Topic: Expat Wanting to Invest in US Mutual Funds
Replies: 17
Views: 3283

Re: Expat Wanting to Invest in US Mutual Funds

To call it fraud is incredibly insulting. Sorry. It wasn't meant that way. It's a legal term. If one party misleads the other in order to convince them to contract for services, that's fraud in the inducement. When I spoke to Vanguard, they said rather forcefully that their services were only for U...
by Karamatsu
Thu Mar 16, 2017 6:30 pm
Forum: Investing - Theory, News & General
Topic: Expat Wanting to Invest in US Mutual Funds
Replies: 17
Views: 3283

Re: Expat Wanting to Invest in US Mutual Funds

So, I could probably log into Vanguard now, type in my family's American address and pay them with my American account and la di da, unless they didn't like me logging in from abroad. Do keep in mind that, if you do that, you'll technically be committing fraud. It's something that I think many brok...
by Karamatsu
Thu Mar 16, 2017 6:16 pm
Forum: Investing - Theory, News & General
Topic: tips on buying TIPS: new issue vs secondary market?
Replies: 24
Views: 3623

Re: tips on buying TIPS: new issue vs secondary market?

I buy new issues when I can because there's no cost overhead. No commission, no spread. The only down-side is that you won't know what they yield is until after the auction.