Search found 642 matches

by petulant
Sat Sep 21, 2019 10:12 am
Forum: Personal Investments
Topic: Donor-Advised Funds (DAFs)
Replies: 21
Views: 1121

Re: Donor-Advised Funds (DAFs)

Consider DAF as a very useful tool for abnormally high tax years and for sustained perpetual gifting. (Tho not 'fee-free') ~1% We used our DAF for appreciated stock and Rel Estate windfalls since our 30's, and will be what our kids get instead of inheritance (manage future distributions) Due to fee...
by petulant
Fri Sep 20, 2019 7:17 am
Forum: Personal Investments
Topic: Donor-Advised Funds (DAFs)
Replies: 21
Views: 1121

Re: Donor-Advised Funds (DAFs)

DAFs only really help in the event you itemize. That means you have to evaluate in relation to the standard deduction. As a married couple, your standard deduction is $24,400. DAF thus only really helps if you already have more than $24,400 in possible itemized deductions or if your giving to a DAF...
by petulant
Thu Sep 19, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 40
Views: 1705

Re: Long Term FAFSA/College Strategy

As teen persuasion said, saving money in primary home equity and retirement plans reduces EFC and improves need-based aid the most (using FAFSA). Another point is to try to keep assets in your name rather than the child's name if at all possible, unless it's a retirement plan for the child. EFC from...
by petulant
Wed Sep 18, 2019 9:06 am
Forum: Personal Investments
Topic: Donor-Advised Funds (DAFs)
Replies: 21
Views: 1121

Re: Donor-Advised Funds (DAFs)

DAFs only really help in the event you itemize. That means you have to evaluate in relation to the standard deduction. As a married couple, your standard deduction is $24,400. DAF thus only really helps if you already have more than $24,400 in possible itemized deductions or if your giving to a DAF ...
by petulant
Wed Sep 18, 2019 6:09 am
Forum: Personal Investments
Topic: Looking for a More Tax-Efficient Intl Index Fund than Vanguard Total International (VTIAX)?
Replies: 28
Views: 2259

Re: Looking for a More Tax-Efficient Intl Index Fund than Vanguard Total International (VTIAX)?

A few points: VEA and SCHF are developed markets and include Canada and S. Korea. IDEV is developed markets and includes Canada but not S. Korea. IEFA is developed markets and excludes both Canada and S. Korea. IXUS and VXUS are total int’l, ie they include all developed and emerging markets. All o...
by petulant
Sun Sep 15, 2019 11:43 am
Forum: Personal Consumer Issues
Topic: Switched from Verizon's postpaid plan to prepaid: Saved 38%
Replies: 49
Views: 4753

Re: Switched from Verizon's postpaid plan to prepaid: Saved 38%

Great post OP. I also switched to Verizon prepaid a couple months ago. I'm on the $35 6GB plan. I have been very satisfied.
by petulant
Mon Sep 09, 2019 1:12 pm
Forum: Investing - Theory, News & General
Topic: Do passive investments match the realized returns of active investments?
Replies: 35
Views: 3723

Re: Do passive investments match the realized returns of active investments?

OP, it is a great and important insight for all investors to understand how the investment returns from a passive cap-weighted broad market index ("passive") match the aggregate return of all other investors (the "active" investors) before fees. A few points to help clear up some misconceptions. Fir...
by petulant
Sun Sep 08, 2019 2:49 pm
Forum: Investing - Theory, News & General
Topic: The smartest business owners don’t open a 529 plan — they hire their kids instead [Marketwatch article]
Replies: 10
Views: 1908

Re: The smartest business owners don’t open a 529 plan — they hire their kids instead

One thing to keep in mind with this idea is how it can affect your small business retirement plan. Solo 401(k) could get killed, SEP-IRA and all that might get a bit more complicated. Great idea overall for those that can swing it though. Except at Vanguard, you can exclude those < age 21 and/or < ...
by petulant
Sun Sep 08, 2019 10:09 am
Forum: Investing - Theory, News & General
Topic: The smartest business owners don’t open a 529 plan — they hire their kids instead [Marketwatch article]
Replies: 10
Views: 1908

Re: The smartest business owners don’t open a 529 plan — they hire their kids instead

One thing to keep in mind with this idea is how it can affect your small business retirement plan. Solo 401(k) could get killed, SEP-IRA and all that might get a bit more complicated. Great idea overall for those that can swing it though.
by petulant
Sat Sep 07, 2019 7:07 am
Forum: Investing - Theory, News & General
Topic: Explaining the Demise of Value Investing
Replies: 318
Views: 16589

Re: Explaining the Demise of Value Investing

...QVAL is actively managed... For the record... as Forester already noted, but not explicitly... the prospectus language is The Fund employs a “passive management” (or indexing) investment approach designed to track the performance, before fees and expenses, of the Index. The Index is based on a p...
by petulant
Fri Sep 06, 2019 7:42 pm
Forum: Investing - Theory, News & General
Topic: Explaining the Demise of Value Investing
Replies: 318
Views: 16589

Re: Explaining the Demise of Value Investing

2) Can you give us the names of some passively-managed mutual funds or ETFs that invest in stocks that are value stocks, according to the 2012 metric, so that we can see how they have performed out-of-sample compared to older, passively-managed value funds? QVAL VIOV XSLV Cheers :greedy Ummm, no. Q...
by petulant
Fri Sep 06, 2019 5:40 pm
Forum: Investing - Theory, News & General
Topic: Explaining the Demise of Value Investing
Replies: 318
Views: 16589

Re: Explaining the Demise of Value Investing

2) Can you give us the names of some passively-managed mutual funds or ETFs that invest in stocks that are value stocks, according to the 2012 metric, so that we can see how they have performed out-of-sample compared to older, passively-managed value funds? QVAL VIOV XSLV Cheers :greedy Ummm, no. Q...
by petulant
Thu Sep 05, 2019 11:19 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 216
Views: 20898

Re: Everyone here has misunderstood the Michael Burry article

I thank you sincerely for the insight. But I think it's more complicated than that. He's saying something complicated, maybe several complicated things, in a muddled way. It's hard not to read his complaints about "There is all this opportunity, but so few active managers looking to take advantage,...
by petulant
Wed Sep 04, 2019 11:41 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 216
Views: 20898

Re: The Big Short’s Michael Burry Explains Why Index Funds Are Like Subprime CDOs

From the article:
"I am 100% focused on stock picking."

Hope it works out for him. I don't have time for it.
by petulant
Tue Sep 03, 2019 5:55 pm
Forum: US Chapters
Topic: Oklahoma City (OKC) Bogleheads Local Chapter
Replies: 50
Views: 5473

Re: Oklahoma City (OKC) Bogleheads Local Chapter

This afternoon a few of us had our August meeting. We met at Leaf + Bean (321 N Oklahoma Ave in Oklahoma City), introduced ourselves, discussed some issues important to us, and talked about staying the course. For some of us tinkering seemed like a danger, and we talked about simplicity and using d...
by petulant
Tue Sep 03, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage early - am I thinking about this right?
Replies: 125
Views: 10505

Re: Paying off mortgage early - am I thinking about this right?

Actually back in 2008-2010 banks closed or reduced home equity lines of credit even for people who had good incomes and did not lose their jobs. You can't rely on a HELOC being there when you really need it. Also if someone is laid off and needs to move to a new location to find a new job a paid of...
by petulant
Tue Sep 03, 2019 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage early - am I thinking about this right?
Replies: 125
Views: 10505

Re: Paying off mortgage early - am I thinking about this right?

Financial freedom is the ability to do what you want, when you want. Liquidity gives you that ability. Having a high percentage of your non-retirement net worth in illiquid home equity may seem appealing but it does not give you financial freedom. In the end it is a personal decision. I would only ...
by petulant
Tue Sep 03, 2019 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage early - am I thinking about this right?
Replies: 125
Views: 10505

Re: Paying off mortgage early - am I thinking about this right?

Another wrinkle is that, even if you could hold the mortgage and buy other assets to earn a return, there is more risk to your cash flow. The mortgage is being financed by your future cash flows, so if you lose your job, you may have to liquidate the assets at just the time they're tanking (for the ...
by petulant
Sat Aug 31, 2019 4:51 pm
Forum: Investing - Theory, News & General
Topic: Japan and PE Ratio
Replies: 45
Views: 3439

Re: Japan and PE Ratio

No need to be rude. If U.S. CAPE is not reliable, then any comparison with other countries' CAPE ratios may not be reliable. No need to even address other countries' CAPE. Beyond that, it is well known that the increasing interest in buybacks is unique to the U.S. market and may explain the differe...
by petulant
Fri Aug 30, 2019 6:17 am
Forum: Personal Consumer Issues
Topic: College age male: How much money for food?
Replies: 138
Views: 5503

Re: College age male: How much money for food?

So much depends, but he should be able to do all that for something like $150-200 per month. Really? A young moderate eating male? Perhaps if he's into eating legumes and rice every day. Well, I eat plenty of rice, legumes, chicken breast (about .7 lbs per day), eggs, vegetables, Greek yogurt, etc....
by petulant
Thu Aug 29, 2019 6:40 pm
Forum: Personal Consumer Issues
Topic: College age male: How much money for food?
Replies: 138
Views: 5503

Re: College age male: How much money for food?

So much depends, but he should be able to do all that for something like $150-200 per month.
by petulant
Thu Aug 29, 2019 10:07 am
Forum: Investing - Theory, News & General
Topic: Japan and PE Ratio
Replies: 45
Views: 3439

Re: Japan and PE Ratio

CAPE has serious issues: 1) IT will be greater when there's buybacks since it allows inflation adjusted EPS to grow faster than without buybacks So Comparing post 2000 readings to pre 1990 readings when buybacks barely existed has a bias issue. 2) CAPE relies on adjusting 10 years of EPS to present...
by petulant
Thu Aug 29, 2019 10:05 am
Forum: Investing - Theory, News & General
Topic: Japan and PE Ratio
Replies: 45
Views: 3439

Re: Japan and PE Ratio

Barclays has CAPE data for Japan and the US going back to 1981, along with about 25 other countries: https://shiller.barclays.com/SM/12/en/indices/static/historic-ratios.app Japan had two periods (late 1980s and early to mid-2000s) where their CAPE ratios were in the 70-90 range. These high reading...
by petulant
Wed Aug 28, 2019 11:26 am
Forum: Investing - Theory, News & General
Topic: (NEW) WisdomTree 90/60 U.S. Balanced Fund
Replies: 285
Views: 26893

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

So a 1.5x leveraged 60/40 balanced fund? Yeah, no thanks. Don't you love the vocabulary of these marketing techniques? I was taught that if I don't understand the investment, stay the hell away from it. You know, it works for me. I don't know if it actually works the same as a normal 1.5x leveraged...
by petulant
Sun Aug 25, 2019 10:37 am
Forum: Personal Consumer Issues
Topic: Reviewing auto insurance. Dropping comprehensive and collision. What else?
Replies: 42
Views: 2735

Re: Reviewing auto insurance. Dropping comprehensive and collision. What else?

Generally I think people should be slow to get rid of comprehensive/collision coverage, but when your car is worth about as much as the deductible, it's probably time to drop the coverage.
by petulant
Sun Aug 25, 2019 12:23 am
Forum: Personal Investments
Topic: 3 Stocks Are > 16% of Portfolio
Replies: 9
Views: 1325

Re: 3 Stocks Are > 16% of Portfolio

Also, is there a rule of thumb for how much one should have of any one equity in their portfolio? I think they are all good companies, but one never knows! Not a rule of thumb per se but in general the factors that affect this are the volatility of the stock, the volatility of the stock's sector, a...
by petulant
Fri Aug 23, 2019 7:04 pm
Forum: Investing - Theory, News & General
Topic: [Larry Swedroe: Small Value Stocks are Cheap, Factor Investing Works]
Replies: 673
Views: 26840

Re: Larry Swedroe: Factor Investing Works (Despite What Some May Say)

Really though the biggest value from Larry's articles is the debate on this forum. I don't even read the articles anymore. I read the discussion.
by petulant
Wed Aug 21, 2019 3:07 pm
Forum: Personal Consumer Issues
Topic: Best undergrad majors ahead of Law school?
Replies: 75
Views: 3645

Re: Best undergrad majors ahead of Law school?

I would like to hijack this thread a bit. A nephew is just starting college and is going in with a major of “pre-law”. This seems like a poor choice if one turns out to not go to law school. Is this also a poor choice in the law school admission process? For getting into a low-tier school it might ...
by petulant
Wed Aug 21, 2019 12:47 pm
Forum: Personal Investments
Topic: Series EE Treasury bonds for kiddie tax arbitrage
Replies: 14
Views: 983

Re: Series EE Treasury bonds for kiddie tax arbitrage

Stocks would be better. Beyond the expected numbers, stocks will be volatile. It could be a good lesson to let the child have information about the balance without being able to withdraw it (at an appropriate age). The child could get used to volatility.
by petulant
Wed Aug 21, 2019 9:39 am
Forum: Personal Consumer Issues
Topic: Best undergrad majors ahead of Law school?
Replies: 75
Views: 3645

Re: Best undergrad majors ahead of Law school?

A strong analytic philosophy program is the best preparation for law school you can find. Analytic philosophy teaches how to read texts critically, synthesize them with other texts, and develop strong arguments for positions. It requires significant technical writing as well. Focus on core analytic ...
by petulant
Sun Aug 18, 2019 12:28 am
Forum: Personal Investments
Topic: Company switched 401k to John Hancock - Need to pick allocation
Replies: 11
Views: 857

Re: Company switched 401k to John Hancock - Need to pick allocation

Dang you’re quick with numbers! My current estimated AA is 85% (90% US and 10% international) stocks and 15% bonds. If I were to change my 401k to a TD fund, my international AA would go up much higher from what I saw for the TD fund’s AA. I’ll be forced to rebalance my taxable account too. It seem...
by petulant
Sat Aug 17, 2019 3:11 pm
Forum: US Chapters
Topic: Oklahoma City (OKC) Bogleheads Local Chapter
Replies: 50
Views: 5473

Re: Oklahoma City (OKC) Bogleheads Local Chapter

This afternoon a few of us had our August meeting. We met at Leaf + Bean (321 N Oklahoma Ave in Oklahoma City), introduced ourselves, discussed some issues important to us, and talked about staying the course. For some of us tinkering seemed like a danger, and we talked about simplicity and using de...
by petulant
Sat Aug 17, 2019 8:04 am
Forum: Investing - Theory, News & General
Topic: Bloomberg: U.S. Weighs Selling 50- and 100-Year Bonds
Replies: 36
Views: 3677

Re: Bloomberg: U.S. Weighs Selling 50- and 100-Year Bonds

The should consider issuing perpetuals instead.
by petulant
Fri Aug 16, 2019 10:31 pm
Forum: Investing - Theory, News & General
Topic: Quick (without looking) what do you think YTD total return of US Bond Index is?
Replies: 46
Views: 4048

Re: Quick (without looking) what do you think YTD total return of US Bond Index is?

stlutz wrote:
Fri Aug 16, 2019 7:32 pm
Should also add to the quiz: What hated (on BH) investment is outperforming all of the mentioned options this year?
Gold? :P
by petulant
Thu Aug 15, 2019 6:16 pm
Forum: Investing - Theory, News & General
Topic: Lawsuit suggests MIT allowed Fidelity to pack retirement plans with high-fee funds
Replies: 54
Views: 4547

Re: Lawsuit suggests MIT allowed Fidelity to pack retirement plans with high-fee funds

I'm still mystified why there can't be a change in the laws that basically let's everyone have their own "Solo" 401k, even if they aren't self employed. It would just be like an IRA is now, but obviously with higher limits. Employers could just deposit their part of the contribution directly into t...
by petulant
Thu Aug 15, 2019 7:01 am
Forum: Personal Investments
Topic: Taxable account vs Governmental 457(b)
Replies: 9
Views: 702

Re: Taxable account vs Governmental 457(b)

Governmental 457b plans are actually superior to 401(k) and 401(a) plans, all things being equal. You can pull out contributions before 59 1/2 without penalty. So contributions should be a top priority, actually higher than any 401(a) plan that your wife might be covered by. Your portfolio selection...
by petulant
Thu Aug 15, 2019 6:57 am
Forum: Investing - Theory, News & General
Topic: Source of U.S. Stock Market Returns, 1952-2018
Replies: 11
Views: 1251

Re: Source of U.S. Stock Market Returns, 1952-2018

If pension expenses have fallen but many investors became more direct shareholders, is it possible (if unlikely) that the average worker has a similar amount of economic wealth with a completely different measure of labor vs shareholder value? Interesting question. But according to the paper, even ...
by petulant
Wed Aug 14, 2019 5:52 pm
Forum: Investing - Theory, News & General
Topic: Source of U.S. Stock Market Returns, 1952-2018
Replies: 11
Views: 1251

Re: Source of U.S. Stock Market Returns, 1952-2018

^^^ To be honest, the details of the whole "labor vs. capital" issue in how the study authors constructed their models is something I was hoping to avoid in this thread, as it's likely to quickly devolve into politics. It's certainly a legitimate question for discussion, but perhaps just not here o...
by petulant
Tue Aug 13, 2019 6:44 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio bullish on China (China market cap to overtake US in 2030?)
Replies: 47
Views: 3781

Re: Ray Dalio bullish on China (China market cap to overtake US in 2030?)

The problems with overweighting China have been discussed many times before. Legal/political issues, currency issues, and demographic issues abound. But there is a key fallacy behind the idea that Chinese market cap in the future overtaking US market cap makes it a good investment opportunity now. T...
by petulant
Mon Aug 12, 2019 9:50 pm
Forum: Personal Investments
Topic: Update (Single large position in a single stock - Redfin)
Replies: 4
Views: 753

Re: Update (Single large position in a single stock - Redfin)

I think zillow would be a better play on revolutionizing real estate, and it's still iffy whether it's profitable.
by petulant
Sun Aug 11, 2019 5:37 am
Forum: Personal Investments
Topic: Student loan debt vs. VTSAX
Replies: 36
Views: 2557

Re: Student loan debt vs. VTSAX

No matter what a spreadsheet might indicate, it is driven by probabilities. Do you really want to be that guy who lost his chance to get out from under his student loan because he was greedy? I wouldn't even hesitate. The interest burden of the loan is a certainly, the return from VTSAX is not. +1....
by petulant
Wed Aug 07, 2019 4:21 pm
Forum: US Chapters
Topic: Oklahoma City (OKC) Bogleheads Local Chapter
Replies: 50
Views: 5473

Re: Oklahoma City (OKC) Bogleheads Local Chapter

Thank you all to those who voted. Based on the results, we'll meet on Saturday, August 17, at 1:00pm. I propose that we meet at Leaf + Bean, 321 N Oklahoma Ave, Oklahoma City, Oklahoma. We'll talk about Boglehead principles this time, focusing mainly on staying the course. For those who like to hear...
by petulant
Tue Aug 06, 2019 10:43 pm
Forum: Personal Investments
Topic: Target date fund vs. index funds (no tickers)
Replies: 12
Views: 809

Re: Target date fund vs. index funds (no tickers)

The ER on the target date fund is too high given the other options. For the other funds, really anything is good, so long as your net stock exposure is, say, 60-100%. The Balanced Index is great, but its bond allocation is a bit high. It is well-diversified and simple. I would also consider just goi...
by petulant
Mon Aug 05, 2019 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Financial anxiety and next steps in relationship
Replies: 102
Views: 7412

Re: Financial anxiety and next steps in relationship

Does she plan to work after having children? If she wants to stop working that could cause a problem for PSLF since PSLF requires you to actually keep working.
by petulant
Sun Aug 04, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Looking to move to another state.
Replies: 11
Views: 1192

Re: Looking to move to another state.

I am concerned about whether you have enough assets to retire right now. Calculating your withdrawals based on dividends is not appropriate; you should calculate it based on your ability to safely withdraw value from the overall portfolio. I entered your information in a tool called I-ORP, and it sa...
by petulant
Sat Aug 03, 2019 2:46 pm
Forum: Personal Investments
Topic: Finish paying off home or start a IRA?
Replies: 31
Views: 2434

Re: Finish paying off home or start a IRA?

Yeah, it would help if you could just put in the ticker symbol and/or expense ratio.
by petulant
Sat Aug 03, 2019 1:48 pm
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 17646

Re: Why Mr. Bogle prefers U.S stocks

When you're talking to a new investor, can we agree that we should discuss the four broad types of assets: US equity, international equity, US fixed income, and international fixed income? The neutral starting point, if you're looking at The World, would be roughly weighting all four equally. In ge...
by petulant
Sat Aug 03, 2019 12:49 pm
Forum: Personal Investments
Topic: Finish paying off home or start a IRA?
Replies: 31
Views: 2434

Re: Finish paying off home or start a IRA?

jmac2007 wrote:
Sat Aug 03, 2019 12:45 pm
I currently have all my 401k money going into Voya target solution 2055, Is this a good choice?
What are the other options?
by petulant
Sat Aug 03, 2019 12:32 pm
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 17646

Re: Why Mr. Bogle prefers U.S stocks

I attempted to replicate vineviz's results, displayed in graphs It's just 1970-2018 He did his thing from 1961. I would also be interested in having the data. If starting from 1970, high water marks for international occurred in 1980 (US stagflation), in 1989 (Japanese bubble), and in 2007 (a big p...