Search found 76 matches
- Sun Jan 21, 2018 3:27 pm
- Forum: Investing - Theory, News & General
- Topic: Automated Tax Loss Harvesting by Robo Advisor - Anyone with real results?
- Replies: 40
- Views: 5884
Re: Automated Tax Loss Harvesting by Robo Advisor - Anyone with real results?
Hi, How do you know that your WF account did ? I cant tell from my Schwab Robo and one one in Schwab can explain how much (IF ANY) was harvested last year or this year. Looks like I am impacted by Schwab's marketing gimic of Auto TLH and paying high Robo ER with REITS/Commodities in Taxable. Sad. U...
- Sun Jan 21, 2018 1:51 pm
- Forum: Investing - Theory, News & General
- Topic: Automated Tax Loss Harvesting by Robo Advisor - Anyone with real results?
- Replies: 40
- Views: 5884
Re: Automated Tax Loss Harvesting by Robo Advisor - Anyone with real results?
The $3K is net (capital losses - capital gains), so it can be worth more to you, and you can also carry it forward [in unlimited amounts and use it to offset realized capital gains in any amount, and use that to offset ordinary income each year] at $3K a year. [...] When I read that statement, it l...
- Sat Jan 20, 2018 10:46 pm
- Forum: Investing - Theory, News & General
- Topic: Automated Tax Loss Harvesting by Robo Advisor - Anyone with real results?
- Replies: 40
- Views: 5884
Re: Automated Tax Loss Harvesting by Robo Advisor - Anyone with real results?
Hi Narullah, Can you advise what did your CPA said about 'reality' of TLH for Robo? My Wealthfront account and TLH has generated losses for me over the past couple of years. I was more excited about it until filing taxes and my CPA explained the reality to me. I bought into the marketing of by the ...
- Sat Jan 20, 2018 6:05 pm
- Forum: Investing - Theory, News & General
- Topic: Automated Tax Loss Harvesting by Robo Advisor - Anyone with real results?
- Replies: 40
- Views: 5884
Re: Automated Tax Loss Harvesting by Robo Advisor - Anyone with real results?
Are you happy with SIP and it's under performance vs 3 Fund ? How do anyone know that SIP actually saved you on Taxes via it's Auto TLH ? Underperformance over what period? I think it's a bit early to tell whether it will underperform long-term, but we will see. Its use of non-cap weighted funds is...
- Sat Jan 20, 2018 4:47 pm
- Forum: Investing - Theory, News & General
- Topic: Automated Tax Loss Harvesting by Robo Advisor - Anyone with real results?
- Replies: 40
- Views: 5884
Re: Automated Tax Loss Harvesting by Robo Advisor - Anyone with real results?
I use SIP, but I had no losses to harvest. Nor did I on the funds I invest myself. It's a tough problem 

- Thu Dec 07, 2017 9:02 am
- Forum: Personal Investments
- Topic: Just downsized at age 60...input appreciated
- Replies: 56
- Views: 6318
Re: Just downsized at age 60...input appreciated
One solution that might give you the best of both worlds would be to take a portion of your portfolio and have it managed through a trusted advisor. That way you can leverage his knowledge and yet do so with only a portion of your money under management ($$). The challenge is finding someone you tr...
- Fri Aug 25, 2017 12:00 pm
- Forum: Investing - Theory, News & General
- Topic: Passive investing is a Ponzi scheme
- Replies: 77
- Views: 8807
Re: Passive investing is a Ponzi scheme
It does seem very plausible that a lot of the money flowing into index funds is not truly following a passive strategy, but rather is chasing returns in the current bull market. When there starts to be a correction, I would expect there to be a pullback on indexed money, which could drive the whole...
- Fri Aug 25, 2017 9:51 am
- Forum: Investing - Theory, News & General
- Topic: Passive investing is a Ponzi scheme
- Replies: 77
- Views: 8807
Re: Active investing is a Ponzi scheme
In the interview she did mention specific examples of where she felt the risk in indexing were particularly acute with the FANG stocks vs. stocks like Microsoft where you get the same growth at more reasonable valuations. Why doesn't she invest in FANG stocks, stay away from Microsoft, and enjoy he...
- Tue Aug 08, 2017 9:59 pm
- Forum: Investing - Theory, News & General
- Topic: Are Index Funds Evil?
- Replies: 30
- Views: 5620
Re: Are Index Funds Evil?
The underlying academic theory is far more interesting than the typical index-fund bashing in financial press and really isn't about index funds at all - whether the shared ownership was via passive or active stock picking is wholly irrelevant to the arguments. It tees up an interesting philosophic...
- Tue Aug 08, 2017 9:24 pm
- Forum: Investing - Theory, News & General
- Topic: Are Index Funds Evil?
- Replies: 30
- Views: 5620
Re: Are Index Funds Evil?
He's writing about research by economists and he's not exactly sensationalizing it.Taylor Larimore wrote:JFP_SF:JFP_SF wrote:New article in the Atlantic argues that researchers are now claiming that Index Funds are bad for the economy:
The article is a reminder that writers need something to write about.
Best wishes.
Taylor
- Tue Aug 08, 2017 8:26 pm
- Forum: Investing - Theory, News & General
- Topic: Are Index Funds Evil?
- Replies: 30
- Views: 5620
Are Index Funds Evil?
New article in the Atlantic argues that researchers are now claiming that Index Funds are bad for the economy:
https://www.theatlantic.com/magazine/ar ... ource=feed
Interestingly enough, the author is a fan of index funds
https://www.theatlantic.com/magazine/ar ... ource=feed
Interestingly enough, the author is a fan of index funds
- Sun Jul 30, 2017 10:58 am
- Forum: Investing - Theory, News & General
- Topic: NYT Carl Richards "You’re No Coward if You’re Keeping Some Money Out of Stocks"
- Replies: 42
- Views: 6736
Re: NYT Carl Richards "You’re No Coward if You’re Keeping Some Money Out of Stocks"
I'm not a fan of this piece. "Why are they scared? Many of them cite the fact that markets are at record highs and the endless stream of uncertainty in the news. Feel that way yourself? Well guess what: You don’t have to invest the money." If you're basing your willingness to invest on su...
- Fri Jul 28, 2017 6:27 pm
- Forum: Investing - Theory, News & General
- Topic: NYT Carl Richards "You’re No Coward if You’re Keeping Some Money Out of Stocks"
- Replies: 42
- Views: 6736
Re: NYT Carl Richards "You’re No Coward if You’re Keeping Some Money Out of Stocks"
He says he is reducing risk yet he invested in 3 different businesses. What is the failure rate of new businesses? I guess maybe they aren't new. Seems he traded one risk for another. cd :O) Or perhaps he looks at it as offsetting that risk. I keep a lot more cash around than I should, but I work f...
- Sat Jul 22, 2017 5:24 pm
- Forum: Investing - Theory, News & General
- Topic: Dividend Misunderstandings & Only Spend Return
- Replies: 282
- Views: 24905
Re: Dividend Misunderstandings & Only Spend Return
In your example both A and B trade at intrinsic value the entire time. In which case, yes the return is equal. Other tangential topics may deserve consideration, but the main point of this thread was conceded here. Yeah, seriously. If only we knew which companies would pay a 10% dividend in perpetu...
- Sat Jul 22, 2017 3:08 pm
- Forum: Investing - Theory, News & General
- Topic: Dividend Misunderstandings & Only Spend Return
- Replies: 282
- Views: 24905
Re: Dividend Misunderstandings & Only Spend Return
Like I said, I don't have a dog in this fight. I was simply asking a question. I just picked that article because it was the first one of many that came up in Google. Whether dividend paying stocks are less volatile seems like a simple empirical question, but I couldn't easily find research to answ...
- Sat Jul 22, 2017 2:39 pm
- Forum: Investing - Theory, News & General
- Topic: Dividend Misunderstandings & Only Spend Return
- Replies: 282
- Views: 24905
Re: Dividend Misunderstandings & Only Spend Return
Like I said, I don't have a dog in this fight. I was simply asking a question. I just picked that article because it was the first one of many that came up in Google. Whether dividend paying stocks are less volatile seems like a simple empirical question, but I couldn't easily find research to answ...
- Sat Jul 22, 2017 1:59 pm
- Forum: Investing - Theory, News & General
- Topic: Dividend Misunderstandings & Only Spend Return
- Replies: 282
- Views: 24905
Re: Dividend Misunderstandings & Only Spend Return
The math works as long as you assume each stock will rise and fall the exact same amount. How likely is that? I don't have a dog in this fight, but there are a lot of people arguing that dividend paying stocks are less volatile. See http://www.investopedia.com/ask/answers/06/pricevolatilitydividend...
- Sat Jul 22, 2017 1:30 pm
- Forum: Investing - Theory, News & General
- Topic: Dividend Misunderstandings & Only Spend Return
- Replies: 282
- Views: 24905
Re: Dividend Misunderstandings & Only Spend Return
This is an optical illusion. Your dividends reduce the value of the stock by the exact same amount. Thus, dividend stocks are not lower risk than non-dividend stocks. In fact, dividend stocks tend to be value stocks and thus are probably marginally higher risk than Total Market stocks, though also ...
- Wed Jul 05, 2017 1:43 pm
- Forum: Investing - Theory, News & General
- Topic: Seeking new investment advisor - suggestions?
- Replies: 14
- Views: 1558
Re: Seeking new investment advisor - suggestions?
Ed Boglehead. :wink: 75 posts and reading/learning here and you do not have the confidence to run a 1 or 3 fund portfolio at Vanguard or Fidelity? Have you asked questions about the parts that are still confusing? The Boglehead rate of $0.00/hour is hard to beat. I'm sure you will get some potentia...
- Wed Jul 05, 2017 10:36 am
- Forum: Personal Consumer Issues
- Topic: Are you finding any good values at Amazon anymore?
- Replies: 169
- Views: 24241
Re: Are you finding any good values at Amazon anymore?
I work for a company that for business reasons tracks the pricing on Amazon pretty closely. Amazon only has the lowest price for an item in about 7% of cases. As long as they are pretty close in price, most people still use them for convenience.
- Wed Jun 21, 2017 12:12 pm
- Forum: Personal Investments
- Topic: Vanguard restricts my account due to mail?
- Replies: 41
- Views: 5863
Re: Vanguard restricts my account due to mail?
I received a letter to go change my address by calling or writing Vanguard because some mail was returned to them as undeliverable. I checked and the address on my account was correct. Now, they sent me an email that my accounts are restricted. I cannot sell anything or transfer money. I have it se...
- Fri Jun 16, 2017 1:02 pm
- Forum: Personal Finance (Not Investing)
- Topic: Trust Fund Hell
- Replies: 66
- Views: 11948
Re: Trust Fund Hell
I find it kind of funny that everyone just passed over this. If the trust fund out-performed the S&P, how is this "trust fund hell?" It would be interesting if there were a calculation of how much money went to the broker over this time that could have gone to the beneficiaries. I agr...
- Fri Jun 16, 2017 9:48 am
- Forum: Personal Finance (Not Investing)
- Topic: Trust Fund Hell
- Replies: 66
- Views: 11948
Re: Trust Fund Hell
Trust Fund Hell in blue. Boglehead 3-fund in red. The trust fund outperformed the S&P 500 during the time frame that matches your adopted daughter's time window… It could have been worse. http://i.imgur.com/X7aLpgT.png I find it kind of funny that everyone just passed over this. If the trust fu...
- Mon May 08, 2017 4:20 pm
- Forum: Personal Investments
- Topic: Solid justification for including all stocks & NO bonds?
- Replies: 143
- Views: 10926
Re: Solid justification for including all stocks & NO bonds?
Except the 60/40 portfolio would not drop the same amount as a 100% stock portfolio. Possibly, the bonds could rise in value at the same time the stocks were dropping. They didn't drop the same amount. One lost $15M (50% of 100% of it's balance)and one lost $6.3M (50% of 60% of it's balance) and pe...
- Mon May 08, 2017 4:02 pm
- Forum: Personal Investments
- Topic: Solid justification for including all stocks & NO bonds?
- Replies: 143
- Views: 10926
Re: Solid justification for including all stocks & NO bonds?
knpstr, <<So after a "catastrophic, risky" 50% drop at the start of retirement after 30 years >> If a person can count on that the stock market will not have any severe drop over the next 30 years, why do we need to discuss? The severe drop could happen anytime and several times over the ...
- Mon May 08, 2017 3:02 pm
- Forum: Investing - Theory, News & General
- Topic: If everybody indexed, the only word you could use is chaos, catastrophe
- Replies: 107
- Views: 19871
Re: If everybody indexed, the only word you could use is chaos, catastrophe
https://finance.yahoo.com/news/jack-bogle-envisions-chaos-catastrophe-markets-everyone-indexed-194610197.html “If everybody indexed, the only word you could use is chaos, catastrophe,” said Jack Bogle, founder of Vanguard, at the Berkshire Hathaway annual meeting on Saturday. “There would be no tra...
- Mon May 08, 2017 2:59 pm
- Forum: Personal Investments
- Topic: Solid justification for including all stocks & NO bonds?
- Replies: 143
- Views: 10926
Re: Solid justification for including all stocks & NO bonds?
This is a pretty fascinating thread. It's almost a test of how close we are to irrational exuberance.
- Mon May 08, 2017 10:42 am
- Forum: Investing - Theory, News & General
- Topic: Buffet and Bogle on bonds
- Replies: 24
- Views: 4189
Re: Buffet and Bogle on bonds
Just saw parts of clips of both Buffet and Bogle on CNBC. Bogle mentioned 3% return on bonds vs 4% on stocks. Don't know how conservative or realistic those numbers are, but (especially for stocks) those are lower than historic. Bogle does put it in context of valuation. Buffet mentioned that stock...
- Sun May 07, 2017 9:49 pm
- Forum: Personal Investments
- Topic: Solid justification for including all stocks & NO bonds?
- Replies: 143
- Views: 10926
Re: Solid justification for including all stocks & NO bonds?
And a follow-up to my initial question, about the two kinds of risk - are there any horror stories of folks out there who have invested in wise investments, e.g., VT or VTI and literally lost everything long-term? Not just being down a few years, but never came back? It seems to me that if the mark...
- Sun May 07, 2017 9:31 pm
- Forum: Personal Investments
- Topic: Solid justification for including all stocks & NO bonds?
- Replies: 143
- Views: 10926
Re: Solid justification for including all stocks & NO bonds?
And a follow-up to my initial question, about the two kinds of risk - are there any horror stories of folks out there who have invested in wise investments, e.g., VT or VTI and literally lost everything long-term? Not just being down a few years, but never came back? It seems to me that if the mark...
- Sun May 07, 2017 6:42 pm
- Forum: Personal Investments
- Topic: Solid justification for including all stocks & NO bonds?
- Replies: 143
- Views: 10926
Re: Solid justification for including all stocks & NO bonds?
OP, It is very simple. You do not have the ability to take the risk of 100/0. You cannot afford to lose the money. So, it does not matter whether you are willing to take the risk. You cannot afford to. You could neither earn or save this amount for your whole life. In order to save 1 million, you n...
- Sun May 07, 2017 4:11 pm
- Forum: Personal Investments
- Topic: Solid justification for including all stocks & NO bonds?
- Replies: 143
- Views: 10926
Re: Solid justification for including all stocks & NO bonds?
My next, with a brief background: Mid-30s, nonprofit/education with little disposable income, but likely an inheritance of around $1-2M. I'm considering how to invest that. I'd be in for the long-term - 30-50 years, though likely keeping dividends along the way (at least at first) to bolster near-t...
- Sun Apr 30, 2017 9:04 am
- Forum: Investing - Theory, News & General
- Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
- Replies: 806
- Views: 184129
Re: Harry Browne Permanent Portfolio Discussion (Cont'd)
Actually, it did. You could carry it with you as you ran away and hid. Try that with a factory or a vineyard. Scenario 1: You have one estate in Locale A, and another estate in Locale B. As some disaster sweeps through Locale A, you flee to that estate in Locale B. Scenario 2: You have an estate in...
- Sat Apr 29, 2017 3:35 pm
- Forum: Investing - Theory, News & General
- Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
- Replies: 806
- Views: 184129
Re: Harry Browne Permanent Portfolio Discussion (Cont'd)
1) Gold has lasted longer than any other entity as a monetary asset and store of value. No land title, currency, business, or bond can equate. Again, no cherry picking. Everything else has turned to ashes. When armed enemy soldiers come and murder or enslave you, plus also take your gold, your gold...
- Sat Apr 29, 2017 2:39 pm
- Forum: Investing - Theory, News & General
- Topic: So what's the theory behind this active vs Passive report
- Replies: 15
- Views: 1950
Re: So what's the theory behind this active vs Passive report
Here's Dalbar's explanation: “The explanations for why active investments caught up with the superior investment statistics of the passive funds include better investor retention during market downturns, asset allocation, and capital preservation strategies of active investments,” Dalbar said. The c...
- Thu Apr 27, 2017 4:25 pm
- Forum: Investing - Theory, News & General
- Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
- Replies: 806
- Views: 184129
Re: Harry Browne Permanent Portfolio Discussion (Cont'd)
So I just crawled through the years of the free-floating era, comparing the PP versus my two other portfolios with the same amount of stock--the 25/75, which I will call the "bonds" portfolio, and the 25/37.5/37.5, which I will call the "cash" portfolio. The PP was dominated by ...
- Thu Apr 27, 2017 4:13 pm
- Forum: Investing - Theory, News & General
- Topic: Harry Browne Permanent Portfolio Discussion (Cont'd)
- Replies: 806
- Views: 184129
Re: Harry Browne Permanent Portfolio Discussion (Cont'd)
So I just crawled through the years of the free-floating era, comparing the PP versus my two other portfolios with the same amount of stock--the 25/75, which I will call the "bonds" portfolio, and the 25/37.5/37.5, which I will call the "cash" portfolio. The PP was dominated by ...
- Sat Apr 08, 2017 12:04 pm
- Forum: Investing - Theory, News & General
- Topic: Why cheaper index funds translate into lower future returns
- Replies: 26
- Views: 5161
Re: Why cheaper index funds translate into lower future returns
If you actually dig into the article, what he is saying is: "Increased availability and popularity of vehicles that allow for cheap, convenient, well-diversified market exposure increases the pool of money inclined to bid on equities as an asset class–not only during the good times, but also w...
- Fri Apr 07, 2017 1:07 pm
- Forum: Investing - Theory, News & General
- Topic: Why cheaper index funds translate into lower future returns
- Replies: 26
- Views: 5161
Re: Why cheaper index funds translate into lower future returns
If you actually dig into the article, what he is saying is: "Increased availability and popularity of vehicles that allow for cheap, convenient, well-diversified market exposure increases the pool of money inclined to bid on equities as an asset class–not only during the good times, but also wh...
- Sun Mar 26, 2017 11:46 am
- Forum: Investing - Theory, News & General
- Topic: an in depth look at gold
- Replies: 91
- Views: 9656
Re: an in depth look at gold
I was thinking the same thing. His rigor is not equally applied across the board or he would be paralyzed by his analysis. As it turns out, I don't do any back-testing for optimization purposes at all, and yet I do in fact remain unparalyzed. Ultimately I found it quite liberating to accept that I ...
- Sat Mar 25, 2017 11:04 am
- Forum: Investing - Theory, News & General
- Topic: an in depth look at gold
- Replies: 91
- Views: 9656
Re: an in depth look at gold
Information a bit dated but does compare gold over a 40+ year period. Again, increasing the length of the sample does not necessarily help if there is a structural break during the sample period. Indeed, to the extent you are adding more data from before the structural break (in this case going all...
- Mon Mar 20, 2017 2:59 pm
- Forum: Investing - Theory, News & General
- Topic: It's worth remembering that bull markets don't last forever
- Replies: 95
- Views: 9150
Re: It's worth remembering that bull markets don't last forever
These net worth calculations take on a new light when you're near or in retirement as opposed to accumulating. I just back-tested a sample investment portfolio of 700k using the years 2006-2016 on a monthly basis (thankfully TSP gives you monthly return data for many years back) with the conservati...
- Sun Mar 19, 2017 10:56 pm
- Forum: Investing - Theory, News & General
- Topic: It's worth remembering that bull markets don't last forever
- Replies: 95
- Views: 9150
Re: It's worth remembering that bull markets don't last forever
whilst the United States didn't see the same level in real terms until August 1993—over twenty years after the 1973–74 crash began.[1] https://en.wikipedia.org/wiki/1973%E2%80%9374_stock_market_crash Sorry but this is plain nonsense. Use Portfolio Visualizer or some other visualization tool. When I...
- Sun Mar 19, 2017 7:51 pm
- Forum: Investing - Theory, News & General
- Topic: It's worth remembering that bull markets don't last forever
- Replies: 95
- Views: 9150
Re: It's worth remembering that bull markets don't last forever
As always, there's a huge difference between an accumulation portfolio and a dis-accumulation portfolio. If you are accumulating, you can ride out crashes a lot easier. If you are a retiree who is drawing down their portfolio, it's can literally be impossible to ride out a crash. Not really - with ...
- Sun Mar 19, 2017 4:21 pm
- Forum: Investing - Theory, News & General
- Topic: Schwab: Is There Ever a Bad Time to Invest?
- Replies: 22
- Views: 4404
Re: Schwab: Is There Ever a Bad Time to Invest?
Never a bad time to invest. It is about the economy. It never stops running ,, neither does compounding. :happy Actually, the economy stops running all the time It's not running in Venezuela now It didn't run in Russia during the Bolshevik revolution It really didn't run in Carthage after the Roman...
- Sun Mar 19, 2017 4:02 pm
- Forum: Investing - Theory, News & General
- Topic: Schwab: Is There Ever a Bad Time to Invest?
- Replies: 22
- Views: 4404
Re: Schwab: Is There Ever a Bad Time to Invest?
There's really two contrasting issues you have to balance 1) In the long run, stocks win. 2) In the long run, we are all dead. So, if I'm in my twenties and thirties, even early forties, I'd say there's no bad time to invest in stocks. If I'm retired, or about to retire, I'd be more concerned with p...
- Sun Mar 19, 2017 3:57 pm
- Forum: Investing - Theory, News & General
- Topic: an in depth look at gold
- Replies: 91
- Views: 9656
Re: an in depth look at gold
As I suggested previously, from my perspective there is no prima facie appeal to holding non-productive assets like bricks of paper money or chunks of gold in a long-term investment portfolio. I think you've hit the nail on the head as to why so many Bogleheads are opposed to gold. It has everythin...
- Sun Mar 19, 2017 2:26 pm
- Forum: Personal Finance (Not Investing)
- Topic: Another Rent vs. Buy Thread... (General, Not Specifics)
- Replies: 4
- Views: 803
Re: Another Rent vs. Buy Thread... (General, Not Specifics)
The most important financial considerations on whether to buy a house or not are: 1) How long you are going to stay in an area? If it is more than 5-7 years, then buying is usually the best bet if condition 2 (below) is met. 2) Is the general trend of the real-estate market in your area up or is it ...
- Sun Mar 19, 2017 1:42 pm
- Forum: Investing - Theory, News & General
- Topic: It's worth remembering that bull markets don't last forever
- Replies: 95
- Views: 9150
Re: It's worth remembering that bull markets don't last forever
The lesson is that you can't really know how to call it. So the best bet is to decide how much exposure you need and want and manage (re-balance) as necessary to deal with it. I have been re-balancing periodically back to my 40% target on the way up. I do the same on the way down again. I may go cr...
- Sun Mar 19, 2017 1:37 pm
- Forum: Investing - Theory, News & General
- Topic: an in depth look at gold
- Replies: 91
- Views: 9656
Re: an in depth look at gold
I still think the argument fails. All back-tested periods have unique unrepeatable events that affected assets. Some of them are major like the Russian Revolution's effect on Russian stocks and bonds and some of them are more minor like the advent of Index funds. Prior to the first index fund, hold...