Search found 86 matches

by PeteyDink
Wed Feb 01, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: Investment Apps? Acorns, Robinhood Etc....
Replies: 27
Views: 5200

Re: Investment Apps? Acorns, Robinhood Etc....

It's obvious to anyone that my original post was meant to get across the idea that RH should be considered if they have a taxable account that is charging them commission and trading fees. It goes without saying on every post in this forum that people need to do their own due diligence, every financ...
by PeteyDink
Tue Jan 31, 2017 2:44 pm
Forum: Investing - Theory, News & General
Topic: Investment Apps? Acorns, Robinhood Etc....
Replies: 27
Views: 5200

Re: Investment Apps? Acorns, Robinhood Etc....

This thread is a discussion about the basic use and understanding of Robinhood, not the definition of free or the utility and viability of federally mandated brokerage coverage. Robinhood provides just as much protection as any other brokerage, including Vanguard, at least up to $500k (Vanguard has ...
by PeteyDink
Mon Jan 30, 2017 11:34 am
Forum: Investing - Theory, News & General
Topic: Investment Apps? Acorns, Robinhood Etc....
Replies: 27
Views: 5200

Re: Investment Apps? Acorns, Robinhood Etc....

Edit: redacted


Edit: Have you even used the app? There are no advertisements. The revenue model has nothing to do with ads or generating data off users. I don't know what you mean in this situation by "revenue is not billed by a separate line item."
by PeteyDink
Fri Jan 27, 2017 2:34 pm
Forum: Investing - Theory, News & General
Topic: Bid-ask Spread tips for a first time EFT buyer?
Replies: 27
Views: 3170

Re: Bid-ask Spread tips for a first time EFT buyer?

So, the real lesson here is that for most ETFs that people buy for investment, the spread is simply not big enough to worry about. Place a limit order at at the ask price, or maybe a cent or two lower if you're feeling spicy. Don't over think it. Many responses on this forum overly complicate the si...
by PeteyDink
Fri Jan 27, 2017 1:06 pm
Forum: Investing - Theory, News & General
Topic: Investment Apps? Acorns, Robinhood Etc....
Replies: 27
Views: 5200

Re: Investment Apps? Acorns, Robinhood Etc....

There is a lot of confusion in this thread, some from novices, so let me clear the air. Robinhood is a complete 100% free (no trading commission) brokerage. They accomplish this by simplifying the platform such as mobile app only, limited research capability, no OTC or options or mutual funds, no IR...
by PeteyDink
Mon Jan 23, 2017 3:36 pm
Forum: Investing - Theory, News & General
Topic: Comparing EM value options [Emerging Market]
Replies: 35
Views: 6120

Re: Comparing EM value options [Emerging Market]

If you are 23 with a disciplined mind and can handle docking away money for the long term and not trying to manage it based on emotions etc. then I suggest you lean towards riskier asset allocations. Take the risks now that you can't afford after on.
by PeteyDink
Mon Jan 23, 2017 3:28 pm
Forum: Investing - Theory, News & General
Topic: Managed fund alternative to Total International?
Replies: 7
Views: 1105

Re: Managed fund alternative to Total International?

This Morning star article is exactly what you are looking for, the 2016 nominees for best international stock fund.

http://news.morningstar.com/articlenet/ ... ?id=788118
by PeteyDink
Sun Jan 22, 2017 11:24 am
Forum: Investing - Theory, News & General
Topic: 1 year total bond results--ignorant
Replies: 4
Views: 1147

Re: 1 year total bond results--ignorant

Total return is change in price plus dividends. The dividendsmusr have been more than the loss in price.
by PeteyDink
Tue Dec 27, 2016 4:35 pm
Forum: Investing - Theory, News & General
Topic: O`Shares and John Bogle
Replies: 9
Views: 1730

Re: O`Shares and John Bogle

Ok folks. I`m sticking with my VTI. Thanks for all your responses. As of this posting, the Morningstar chart shows the following since the inception of OUSA in 2015 (keep in mind inexact dates will change values): OUSA:+16.36% VTI:+13.05% VOO:+13.39% An ER of 0.48 was not more than the increased re...
by PeteyDink
Fri Dec 23, 2016 4:53 pm
Forum: Investing - Theory, News & General
Topic: Health Equity - new fund lineup, all vanguard - Still .4% AUM fee
Replies: 8
Views: 2576

Re: Health Equity - new fund lineup, all vanguard - Still .4% AUM fee

Thanks for posting. Researching HSAs over the past week and HealthEquity seemed to have a great deal for Vanguard institutional shares, but at 40 basis points there's no point.
by PeteyDink
Fri Dec 23, 2016 3:54 pm
Forum: Investing - Theory, News & General
Topic: Opinions on this new fund: suitability for EM small and value
Replies: 22
Views: 4618

Re: Opinions on this new fund: suitability for EM small and value

I think you are looking at present day style box numbers without realizing that my original reply to the OP was written in August. The holdings have changed since then. Even today, I'm not sure where you are getting your data, because I'm looking at the Morningstar site right now and here is what I...
by PeteyDink
Sat Dec 17, 2016 5:08 pm
Forum: Investing - Theory, News & General
Topic: Opinions on this new fund: suitability for EM small and value
Replies: 22
Views: 4618

Re: Opinions on this new fund: suitability for EM small and value

I think you are looking at present day style box numbers without realizing that my original reply to the OP was written in August. The holdings have changed since then. Even today, I'm not sure where you are getting your data, because I'm looking at the Morningstar site right now and here is what I ...
by PeteyDink
Sat Nov 12, 2016 10:48 pm
Forum: Investing - Theory, News & General
Topic: Shark Tank's Kevin O'Leary creates ETF
Replies: 45
Views: 11917

Re: Shark Tank's Kevin O'Leary creates ETF

But the ETF is built primarily from the S&P 500. http://i.imgur.com/HahZQQP.png Have been looking for a tool/site to show fund overlap. Where did you create or get this at? Thanks. Here you go: http://www.etfresearchcenter.com/tools/overlap.php It only works for ETFs, not mutual funds. This was...
by PeteyDink
Fri Oct 21, 2016 11:28 am
Forum: Investing - Theory, News & General
Topic: Opinions on this new fund: suitability for EM small and value
Replies: 22
Views: 4618

Re: Opinions on this new fund: suitability for EM small and value

If you wamt EM Small+Value for the factor exposure go with EWX (SPDR S&P Emerging Markets Small Cap). The Morningstar box for value from small to large is: 27-26-1. Compare this to EYLD 16-25-23 and EEMS 20-27-1. EWX has zero value tilt by definition, and has therefore nothing to do with the OP...
by PeteyDink
Fri Sep 30, 2016 3:35 pm
Forum: Investing - Theory, News & General
Topic: Lower risk, higher returns?
Replies: 18
Views: 2931

Re: Lower risk, higher returns?

The author needs to release the R value for his plot--value for how well the data fit the line. Visually it looks decent, but upon closer inspection, the values don't follow the line very close, for example the large center cluster. 5% volatility separates the highest and second highest return secto...
by PeteyDink
Mon Sep 26, 2016 7:24 pm
Forum: Investing - Theory, News & General
Topic: 401(k) to Simple
Replies: 3
Views: 547

Re: 401(k) to Simple

As you can see from the table, the Roth can't be rolled over to any other plan, I assume because it's post-tax dollars.

If you don't like your 401k Roth, transfer it over to a different investing institution, like Vanguard or Ameritrade. You will have more options with cheaper fees, presumably.
by PeteyDink
Mon Sep 19, 2016 3:24 am
Forum: Investing - Theory, News & General
Topic: Vanguard Emerging Markets Stock Index Fund completes transition to new index
Replies: 19
Views: 3776

Re: Vanguard Emerging Markets Stock Index Fund completes transition to new index

Chinese government control of the market might suppress free enterprise, increasing tail risk and the possibility of lower returns, but in the long run (decades) I'd rather be exposed to the risk. The emergence of this developing nation is too much of an opportunity to ignore. If I was in retirement...
by PeteyDink
Sat Sep 17, 2016 8:24 pm
Forum: Investing - Theory, News & General
Topic: A look at the research and evidence on time-series MOM
Replies: 140
Views: 22058

Re: A look at the research and evidence on time-series MOM

Which is different than cross-sectional momentum. TS MOM is what you can think of as ABSOLUTE momentum while CS is RELATIVE. Hope you find it helpful http://www.etf.com/sections/index-investor-corner/swedroe-persistent-kind-momentum Best wishes Larry In general, how does a momentum premium exist si...
by PeteyDink
Sat Sep 17, 2016 3:22 pm
Forum: Investing - Theory, News & General
Topic: A look at the research and evidence on time-series MOM
Replies: 140
Views: 22058

Re: A look at the research and evidence on time-series MOM

Which ETFs use time series momentum?

If there are none yet available, is it as easy to self-implement this strategy as choosing a basket of stocks based on performance over any time interval, and then rebalancing the basket (buying or selling based on performance) for each successive interval?
by PeteyDink
Fri Sep 09, 2016 5:12 am
Forum: Investing - Theory, News & General
Topic: "Factor investing"
Replies: 236
Views: 39003

Re: "Factor investing"

It's not about trying to beat the market, but investing in an asset class that provides more return for more risk.
by PeteyDink
Fri Sep 02, 2016 1:27 am
Forum: Investing - Theory, News & General
Topic: Short term STRIPS yield less than normal bonds - why?
Replies: 7
Views: 1246

Re: Short term STRIPS yield less than normal bonds - why?

Just an idea, but I think strips are bought at a discount. So at maturity, the yield is based off a higher figure than bonds bought at par. This could explain a lower yield number.
by PeteyDink
Mon Aug 22, 2016 3:47 am
Forum: Personal Investments
Topic: Replacing equity with high-yield bonds
Replies: 2
Views: 554

Re: Replacing equity with high-yield bonds

At a 60/40 split, high yield bonds don't give enough return compared to equity. The equity risk is diversified with the stability of the bonds, so high yield bonds are stuck in the middle: middle return, middle to high risk compared to the other assets. It ends up being bad at both uses: for return ...
by PeteyDink
Sun Aug 21, 2016 7:25 pm
Forum: Investing - Theory, News & General
Topic: Opinions on this new fund: suitability for EM small and value
Replies: 22
Views: 4618

Re: Opinions on this new fund: suitability for EM small and value

If you wamt EM Small+Value for the factor exposure go with EWX (SPDR S&P Emerging Markets Small Cap). The Morningstar box for value from small to large is: 27-26-1. Compare this to EYLD 16-25-23 and EEMS 20-27-1.
by PeteyDink
Sun Aug 21, 2016 12:42 pm
Forum: Investing - Theory, News & General
Topic: Better growth? Or on how the value premium ends
Replies: 216
Views: 19052

Re: Better growth? Or on how the value premium ends

The fact that there are a multitude of mutual funds catering to people who want to follow such strategies is an indicator that it's not a contrarian strategy. Contrarian investing isn't just following an opposing strategy, it's being different than the crowd. I don't think it's even fair to call wh...
by PeteyDink
Sun Aug 21, 2016 1:18 am
Forum: Investing - Theory, News & General
Topic: Better growth? Or on how the value premium ends
Replies: 216
Views: 19052

Re: Better growth? Or on how the value premium ends

If growth stocks have a high price to earnings ratio, and a high P/E indicates positive investor sentiment, is value investing a contrarian strategy?
by PeteyDink
Sat Aug 20, 2016 12:42 am
Forum: Investing - Theory, News & General
Topic: Dividends - What's the point?
Replies: 12
Views: 3200

Re: Dividends - What's the point?

... What's the point of buying dividend funds? Metaphorically, one is eating the corn, not the acres of the farm. The metaphor takes no account of the fact future crops need new inputs, like seed and fertilizer, water, pesticides, and labor. As you observed, dividends if taken out of the portfolio ...
by PeteyDink
Thu Aug 18, 2016 9:30 pm
Forum: Investing - Theory, News & General
Topic: Shark Tank's Kevin O'Leary creates ETF
Replies: 45
Views: 11917

Re: Shark Tank's Kevin O'Leary creates ETF

Any fresh opinions on OUSA (O'Shares FTSE U.S. Quality Dividend ETF)? There's a year's worth of interesting data now: Investing for the whole year yielded a higher return that dwarfed the difference in expense ratios. http://i.imgur.com/QZQCKuF.png Compared to other equity funds, OUSA had a lower co...
by PeteyDink
Sun Aug 14, 2016 10:40 pm
Forum: Investing - Theory, News & General
Topic: Retirement savings as personal defined benefit plan with liabilities?
Replies: 2
Views: 662

Retirement savings as personal defined benefit plan with liabilities?

Traditionally, an investor’s primary concern is investment risk. In a DB pdefined benefit] Plan, a sponsor has to contend with investment risk and liability risk. http://www.fi360.com/main/pdf/12competition_submission_potter1.pdf Consider my retirement account, which I expect to use to produce mont...
by PeteyDink
Mon Aug 08, 2016 8:07 pm
Forum: Investing - Theory, News & General
Topic: College bubble - any good articles or books on this?
Replies: 57
Views: 6370

Re: College bubble - any good articles or books on this?

Where medical schools are concerned, it's important to keep in mind the AMA (American Medical Association) is artificially limiting how many medical schools there are, which limits how many graduating doctors there are. This keeps physician salaries high. Also keeps demand high for incoming student...
by PeteyDink
Mon Aug 08, 2016 4:45 pm
Forum: Investing - Theory, News & General
Topic: College bubble - any good articles or books on this?
Replies: 57
Views: 6370

Re: College bubble - any good articles or books on this?

Medical schools are also a part of the problem. Some med students graduate with $300k debt that doesn't really start to get repaid for at least another three years. This is one reason why new licensed physicians (post-residency) tend to become employed with a salary at a hospital or large group rath...
by PeteyDink
Sun Aug 07, 2016 2:06 pm
Forum: Investing - Theory, News & General
Topic: International Bond Debate
Replies: 16
Views: 1954

Re: International Bond Debate

I'm surprised this hasn't been mentioned already: The main point of the article is that since the return of foreign bonds is mostly based on market risk while the volatility is mostly based on currency risk, hedging the currency will reduce a large portion of the volatility and bring it down towards...
by PeteyDink
Thu Aug 04, 2016 2:26 am
Forum: Investing - Theory, News & General
Topic: Avoid International?
Replies: 103
Views: 14021

Re: Avoid International?

For another perspective not already mentioned, my portfolio has 30% of equities in international with an emphasis on slicing and dicing using index funds. I weight my total international index with international value, international small cap, emerging markets, and emerging markets small cap. It is ...
by PeteyDink
Sat Jul 23, 2016 1:13 am
Forum: Investing - Theory, News & General
Topic: U.S. Stock Market Increasingly Detached from U.S. Economy
Replies: 19
Views: 3670

Re: U.S. Stock Market Increasingly Detached from U.S. Economy

What are some implications for investors? Those wishing to increase their exposure to the U.S. economy may want to focus more on small and mid-cap stocks or REITs (with less overseas revenue exposure), rather than the broad market indexes. For all investors, it’s worth keeping in mind that changes ...
by PeteyDink
Sat Jul 16, 2016 3:50 pm
Forum: Investing - Theory, News & General
Topic: Why do people invest in Long Term Bonds now?
Replies: 51
Views: 12241

Re: Why do people invest in Long Term Bonds now?

Bond market participants are ignorant?

Cmon.
by PeteyDink
Sat Jul 09, 2016 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Due diligence before becoming a shareholder in a medical practice
Replies: 30
Views: 4076

Re: Due diligence before becoming a shareholder in a medical practice

The practice has been around many, many decades. They Have had very little turnover. A few partners retired not too long ago. Previous hire before me was a few years ago - everyone has been there at least a decade. The latest "new" partner - I spoke with him and he has the same issues as ...
by PeteyDink
Sat Jul 09, 2016 1:11 pm
Forum: Investing - Theory, News & General
Topic: Why do people invest in Long Term Bonds now?
Replies: 51
Views: 12241

Re: Why do people invest in Long Term Bonds now?

Small interest rate adjustments aren't as devastating to long bonds as are accelerating adjustments. Consider our current environment: globally low rates and the Fed has pushed back the next interest rate adjustment since Brexit. Even though the rate can (seemingly) only go up, which cautions many i...
by PeteyDink
Sat Jul 09, 2016 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Due diligence before becoming a shareholder in a medical practice
Replies: 30
Views: 4076

Re: Due diligence before becoming a shareholder in a medical practice

If you have a financial stake in the company, then you should have full access to all financial documents. There is nothing too "aggressive" or forward about this. They may, in fact, welcome additional eyes to see where more profit can be made, expenses can be trimmed, etc. As a shareholde...
by PeteyDink
Sat Jul 09, 2016 11:51 am
Forum: Investing - Theory, News & General
Topic: Long term bond funds
Replies: 26
Views: 3658

Re: Long term bond funds

If the fund doesn't sell, then it's stuck mostly with the current bonds at the current coupons, not the potentially higher rate. Because the bonds are long term, it's stuck with them a long time before they get to cycle out to newer ones. Meanwhile, inflation could be rampant. (though an income-ori...
by PeteyDink
Wed Jul 06, 2016 2:57 am
Forum: Investing - Theory, News & General
Topic: Good one-year return for REITs: time to rebalance
Replies: 17
Views: 3008

Re: Good one-year return for REITs: time to rebalance

I noticed that one of my REIT holdings has a higher day gain % than the other.... (and it's not Vanguard REIT) Does anyone else combine a broad REIT index (like Vanguard's fund VNQ) with REZ: iShares Residential Real Estate Capped ETF? REZ tilts towards the REITs that are on the shallow end of the t...
by PeteyDink
Sat Jul 02, 2016 7:18 pm
Forum: Investing - Theory, News & General
Topic: International Bonds - Update
Replies: 58
Views: 9033

Re: International Bonds - Update

My only international bond exposure right now is PCY Powershares Emerging Market Sovereign Debt Bond ETF. Perhaps not here in Bogleland, but EM bonds have slowly been increasing in popularity and it looks like 2016 has been one of the best years for inflows. PCY is the second largest EM bond ETF, be...
by PeteyDink
Fri Jul 01, 2016 9:23 pm
Forum: Investing - Theory, News & General
Topic: Bond Diversification w/ Slice & Dice
Replies: 11
Views: 1871

Re: Bond Diversification w/ Slice & Dice

Anyone have a good bookmark for an article like this?


Fixed Income in a Rising Rate Environment by Nuveen

http://www.nuveen.com/Home/Documents/De ... leId=52960
by PeteyDink
Fri Jul 01, 2016 2:46 pm
Forum: Investing - Theory, News & General
Topic: Really bad days (RBDs) and porfolio performance
Replies: 67
Views: 12857

Re: Really bad days (RBDs) and porfolio performance

This "study" and the conclusions are trite because it's evaluating basically one strategy that enforces an arbitrary 30 day allocation plus daily rebalancing (who does that?).

Evaluate rebalancing on RBDs and then one time annually to get a better look at this question.
by PeteyDink
Fri Jul 01, 2016 1:56 pm
Forum: Investing - Theory, News & General
Topic: Another argument against "price drop means stocks are on sale"
Replies: 101
Views: 8609

Re: Another argument against "price drop means stocks are on sale"

This is true, but waiting for a "buying opportunity" can cause you to ultimately buy at a higher price than when you first had the money available and earmarked for investing in that asset. That is the actionability of the concept. If you're merely saying that today is a better opportunit...
by PeteyDink
Fri Jul 01, 2016 1:10 pm
Forum: Investing - Theory, News & General
Topic: Another argument against "price drop means stocks are on sale"
Replies: 101
Views: 8609

Re: Another argument against "price drop means stocks are on sale"

I'm telling you that I don't give one iota what the short term expected returns are after a buying opportunity. In the long term, an asset class has an expected mean return. The fund can do whatever it wants but in the end I'm going to sell it for the same price. What matters then is the price at wh...
by PeteyDink
Fri Jul 01, 2016 12:37 pm
Forum: Investing - Theory, News & General
Topic: Another argument against "price drop means stocks are on sale"
Replies: 101
Views: 8609

Re: Another argument against "price drop means stocks are on sale"

The expectation of an index fund rising or falling after a drop doesn't even matter if it's a buy and hold long term scenario. The end result is the same: reversion to the long term mean. Expecting the fund to rise in value for the short term doesn't matter because it will be held lfor this ong term...
by PeteyDink
Fri Jul 01, 2016 11:58 am
Forum: Investing - Theory, News & General
Topic: A look at REITs, and a new study
Replies: 52
Views: 6956

Re: A look at REITs, and a new study

soboggled wrote:Never understood the attraction of REITs. Just another stock category, so how is it any different from overweighing health or tech stocks?
And if you own a home, you are probably already overweighted in real estate.
The lower correlation to US stocks gives some diversification.
by PeteyDink
Thu Jun 30, 2016 3:18 pm
Forum: Investing - Theory, News & General
Topic: Yield curves favor very short term
Replies: 2
Views: 500

Re: Yield curves favor very short term

What is the 20bps/year rule of thumb?
by PeteyDink
Thu Jun 30, 2016 2:41 am
Forum: Investing - Theory, News & General
Topic: What is the Bogleheads position on Long-term successful daytraders?
Replies: 104
Views: 12429

Re: What is the Bogleheads position on Long-term successful daytraders?

The Boglehead philosophy says they don't exist. Eventually, reversion to the mean happens to everyone (sic).
by PeteyDink
Thu Jun 30, 2016 2:02 am
Forum: Investing - Theory, News & General
Topic: Another argument against "price drop means stocks are on sale"
Replies: 101
Views: 8609

Re: Another argument against "price drop means stocks are on sale"

In the long term, the only thing that determines an asset's value between two investing days is the price when invested, since the ending value is the same. Assets will and do increase in value after large market drops: look at any long-term graph (>80 years) to see the obvious. (Stocks for the Long...
by PeteyDink
Tue Jun 28, 2016 1:38 am
Forum: Investing - Theory, News & General
Topic: VEA - Will the last decade be lost?
Replies: 14
Views: 3241

Re: VEA - Will the last decade be lost?

Growth of 10k graphs can be deceiving because they only show the growth of one lump sum invested at one specific time. In reality, people dollar cost average and invest in batches, not one lump sum, through rebalancing. The slope of the graph shows the rate of growth, so the money that is invested d...