Search found 336 matches

by Ethelred
Sat Apr 14, 2018 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice [Do I need an MBA to change career from geology to finance?]
Replies: 8
Views: 1182

Re: Petroleum Geologist needing advice

I think you might want to change your thread title. I just read through thinking I could help you with some aspect of geology, then at the end realized your question is actually "Do I need an MBA to change to a finance career, or is my current experience enough?" And I don't know the answer to that ...
by Ethelred
Thu Apr 12, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: WSJ--Fidelity Is Revamping How It Charges You for Financial Advice
Replies: 14
Views: 2219

Re: WSJ--Fidelity Is Revamping How It Charges You for Financial Advice

Wow! I have almost everything at Fidelity. IRA, Roth, Taxable. If they start charging fees like that, I will be gone like the wind. This article isn't relevant for most Bogleheads. It's not for DIY investors, it's for people who use their "wealth management services". And it looks like they're clai...
by Ethelred
Thu Apr 12, 2018 8:30 am
Forum: Investing - Theory, News & General
Topic: Emerging markets tilt
Replies: 37
Views: 3717

Re: Emerging markets tilt

I did a very weak and crude backtest (only a few years) to compare: 100% Vanguard Total World Stock ETF (VT) — this is supposed to represent an untilted global portfolio. 90% iShares MSCI World ETF (URTH) + 10% Vanguard FTSE Emerging Markets ETF (VWO) — this is an attempt to replicate VT by blendin...
by Ethelred
Thu Mar 29, 2018 11:03 am
Forum: Investing - Theory, News & General
Topic: Are we missing recession /bear market beginning
Replies: 174
Views: 18872

Re: Are we missing recession /bear market beginning

willthrill81 wrote:
Thu Mar 29, 2018 10:57 am
Timing the market perfectly is entirely impossible, and I've never heard anyone claim that they could do it.
Re-read md&pharmacist's post. Unless I misunderstand, it looks like he (or she) thinks he can.
by Ethelred
Thu Mar 29, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: Are we missing recession /bear market beginning
Replies: 174
Views: 18872

Re: Are we missing recession /bear market beginning

Just do yourself a favor and don't buy high and sell low. Sounds counter-intuitive but that's what everyone does because they trade based on emotion, not discipline. Hope this helps somebody...somewhere. I think your post and your background is basically a good example of how income and saving are ...
by Ethelred
Tue Mar 27, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: Seasoned bogleheads repressing the thought of lower expected returns
Replies: 178
Views: 13135

Re: Seasoned bogleheads repressing the thought of lower expected returns

Well, here we are, deep into the 4 page of replies and the OP dropped out a long time ago. So what's driving the discussion? People have different opinions, even when all are Bogleheads. What this means is we don't fully understand other investors' personal view, monetary backgrounds, and current c...
by Ethelred
Thu Mar 22, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: Are we missing recession /bear market beginning
Replies: 174
Views: 18872

Re: Are we missing recession /bear market beginning

Like I said..nearly every single day, it's a new excuse / reason. I don't watch a single second of CNBC or any other financial coverage. I do, however, watch the DJIA, NASDAQ and S&P and as we speak, the Dow futures are down 300+. That's not "typical" and is happening with some regularity. Hence, m...
by Ethelred
Sat Mar 03, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: New guy with a "scheme"... [transfer earned income to kids]
Replies: 33
Views: 3970

Re: New guy with a "scheme"... [transfer earned income to kids]

I'm struggling to work out why you would want to do this, even ignoring the legality of the payments themselves: 1. These ideas are usually used to reduce business taxes. Except you state that your business doesn't make a profit, so you have no business taxes to reduce. Why would you bother? 2. You ...
by Ethelred
Thu Mar 01, 2018 8:36 am
Forum: Investing - Theory, News & General
Topic: Lipper awards: Vanguard the new victor
Replies: 7
Views: 901

Re: Lipper awards: Vanguard the new victor

Costs DO matter. :D Well, yes they do, but this is basically just a list of active funds. The ERs for PRIMECAP Admiral and Vanguard International Growth Admiral, two of the Vanguard winners, are both 0.32%. Probably cheaper than most of their direct competitors, but still not the sort of funds that...
by Ethelred
Thu Mar 01, 2018 8:28 am
Forum: Investing - Theory, News & General
Topic: Lipper awards: Vanguard the new victor
Replies: 7
Views: 901

Re: Lipper awards: Vanguard the new victor

You have just totally missed a fundamental tenant of the Boglehead philosophy. "Past Performance Is Not Indicative Of Future Performance." Lipper, Morningstar, etc... are measures of past performance. It does not matter if Vanguard is up one year or down another. It should be totally irrelevant to ...
by Ethelred
Mon Feb 26, 2018 2:55 pm
Forum: Investing - Theory, News & General
Topic: www.portfoliocharts.com ... "The Coolest Portfolio Tool on the Web"?
Replies: 197
Views: 42885

Re: www.portfoliocharts.com ... "The Coolest Portfolio Tool on the Web"?

Thanks for pointing this out, Siamond, it looks very useful.

I wonder if Tyler could do the same sort of thing with the long-term returns display? The advantage with comparing on that display is the linear vertical axis would become less of a problem.
by Ethelred
Mon Feb 26, 2018 2:22 pm
Forum: Investing - Theory, News & General
Topic: Why I left Wealthfront
Replies: 31
Views: 8696

Re: Why I left Wealthfront

I think this is interesting, and well done, as well as being a discussion worth having, but a few possible objections for you: - I'm guessing part of the reason venture capitalists expect that large a multiple, is that start-ups like this are high risk, and perhaps with a skewed distribution of retu...
by Ethelred
Sun Feb 25, 2018 10:21 pm
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 75
Views: 12813

Re: 2017 Relative Tax Efficiency

Thanks for posting this, it's always helpful.
by Ethelred
Fri Feb 23, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: Which value funds do you use?
Replies: 6
Views: 797

Re: Which value funds do you use?

Discussion of value funds happens here every few weeks, though it normally concentrates on small-cap value. It sounds like you'd prefer to stick with Vanguard, so the usual recommendation would be either VBR or VIOV for small-cap value, or their mutual fund equivalents. Having multiple funds of the ...
by Ethelred
Thu Feb 22, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: How To "Create" VTSAX in 401k When It's Not Available
Replies: 12
Views: 1074

Re: How To "Create" VTSAX in 401k When It's Not Available

Thanks for the replies on this, all. A related question - what are the fundamental reasons why fund shares of VFIAX are so much more expensive than fund shares of VTSAX? Is it a premium because VFIAX holds only large cap dividend paying stocks? On Bogleheads, "expensive" normally refers to the expe...
by Ethelred
Wed Feb 21, 2018 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: 403b plan forcing me from Vanguard to Fidelity!!
Replies: 9
Views: 815

Re: Oh no! 403b plan forcing me from Vanguard to Fidelity!!

You actually have better choices with the new provider, since you're going from investor funds to institutional funds. There is no direct replacement for your total US fund. However, VIIIX is the institutional S&P500 fund, and you can replace total US stock with VIIIX plus the extended market fund, ...
by Ethelred
Thu Feb 15, 2018 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Tax doubts for retirement and moving to the US from Brazil
Replies: 28
Views: 2123

Re: Tax doubts for retirement and moving to the US

gforeign wrote:
Thu Feb 15, 2018 10:33 am
The visa would be the investor visa eb5.
OK. I don't have personal experience of this, but my understanding is that the investments available for EB-5 visas are usually not great, and they are things you probably wouldn't choose to invest in otherwise, I think because they are high risk.
by Ethelred
Wed Feb 14, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Tax doubts for retirement and moving to the US from Brazil
Replies: 28
Views: 2123

Re: Tax doubts for retirement and moving to the US

Lots of US citizens don't realize, but for most people it's very hard or impossible to move to the US. What visa were you expecting to use?

Immigrating to the US in retirement is also very expensive for most, because you have to cover all of your healthcare and elder care costs.
by Ethelred
Mon Feb 12, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: How does it make sense to buy a condo/house in Texas?
Replies: 97
Views: 7588

Re: Should I buy a house, duplex/multiplex, or condo in Houston, TX? Any advice?

1. To answer the question you did ask: If I was moving to Houston as a single person who didn't know the city, I would definitely rent, at least initially. Partly because there are big variations in safety and character of different parts of the city, and partly because Houston is very different to ...
by Ethelred
Wed Feb 07, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: Are Banks Worthless [to invest equity in]?
Replies: 32
Views: 3127

Re: Are Banks Worthless?

samsoes wrote:
Wed Feb 07, 2018 1:21 pm
What's a BMO account?

Non-intuitive acronyms are ubiquitous on this forum.
BMO are a regional US bank. Not exactly sure in which states they're active.
by Ethelred
Tue Jan 23, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Ever been offered company stock at a set gross value instead of # shares at a fixed price?
Replies: 9
Views: 666

Re: Ever been offered company stock at a set gross value instead of # shares at a fixed price?

Few weird things: stock options vs rsu for a public company. It's a little weird to vest annually instead of monthly/quarterly. Why do you think that? My wife and I work for two different megacorps. Mine awards both stock options and RSU's (stock), and my wife's awards stock only. Both vest annuall...
by Ethelred
Tue Jan 23, 2018 9:03 am
Forum: Investing - Theory, News & General
Topic: Fidelity charging new fee on Vanguard funds held in 401Ks
Replies: 4
Views: 679

Re: Fidelity charging new fee on Vanguard funds held in 401Ks

From the advice threads here, a lot of employers seem to use Vanguard funds in Fidelity accounts. But given that this is only for employers new to Fidelity, this isn't going to have a significant impact for a while unless they later extend it to all clients.
by Ethelred
Tue Jan 23, 2018 7:00 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k provide options and a thank you
Replies: 4
Views: 378

Re: Solo 401k provide options and a thank you

I like Vanguard, but until they allow Admiral funds and/or ETFs in their individual 401ks, I would only use them if I really wanted to keep everything at one broker, and my other investments were already there.
by Ethelred
Tue Jan 23, 2018 6:54 am
Forum: Investing - Theory, News & General
Topic: Bond Portfolio for High Net Worth Individuals - Different Rules?
Replies: 67
Views: 8415

Re: Bond Portfolio for High Net Worth Individuals - Different Rules?

"Age in bonds" is, to be honest, out-dated advice. Most companies and experts advise keeping a portfolio with more stocks than bonds throughout retirement, even if the bond share is higher than during the accumulation phase, or at most 60% bonds / 40% stock.
by Ethelred
Mon Jan 22, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Going to one income-seeking testimonials
Replies: 101
Views: 6168

Re: Going to one income-seeking testimonials

read what Kitces has to say about a one income household. www.kitces.com/blog/dual-income-households-financial-stability-single-income-nonlinearity/ I have to agree with alot of his points as DW and I have been a 1 income for a long time. Honestly, I just read that article with bemusement. It's fra...
by Ethelred
Sun Jan 21, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: Which brokerage for individual 401k?
Replies: 19
Views: 1304

Re: Which brokerage for individual 401k?

This is the comparison link I used when I was looking into it: http://thecollegeinvestor.com/18174/comparing-the-most-popular-solo-401k-options/ That said, I think some of the representations there are a little off. For most Boglehead investors, it's likely the lowest costs will be at Fidelity and S...
by Ethelred
Fri Jan 19, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: Trying to purchase 5.5k in Vanguard Tot Int. Stock Admiral
Replies: 8
Views: 1075

Re: Trying to purchase 5.5k in Vanguard Tot Int. Stock Admiral

Yes, mostly. The exceptions are that some funds are $50k minimum.

Just buy investor shares, and then upgrade to admiral next year. Or maybe you haven't contributed for 2017, so can contribute for both 2017 and 2018, to get to $11k straight away?
by Ethelred
Fri Jan 19, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Increasing Small Cap Value Tilt
Replies: 17
Views: 1719

Re: Increasing Small Cap Value Tilt

There's a recent thread on international SCV here, and there has been more detailed discussion in the past: https://www.bogleheads.org/forum/viewtopic.php?p=3728152 Essentially, you're looking at either higher ERs, or not true SCV or both. I've compromised to use VSS (Vanguard international small bl...
by Ethelred
Fri Jan 19, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Help Me Spend $900.00 Unused FSA Dollars
Replies: 42
Views: 3347

Re: Help Me Spend $900.00 Unused FSA Dollars

Can you buy things considered preventative using the FSA, like sunscreen?
by Ethelred
Thu Jan 18, 2018 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Is This Allocation Crazy?
Replies: 10
Views: 779

Re: Is This Allocation Crazy?

Sorry for the omission. In the brokerage portfolio 24% are bond ETF's. If you would like some more detailed advice, I recommend you post all the fund/ETF names and tickers. Bear in mind that while you will find a quite a few people here recommending very high bond allocations, recent studies have b...
by Ethelred
Thu Jan 18, 2018 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Is This Allocation Crazy?
Replies: 10
Views: 779

Re: Is This Allocation Crazy?

Without knowing what's in the ETFs or mutual funds, it's impossible to say. Mutual funds and ETFs can hold bonds or other investments, as well as stocks.
by Ethelred
Wed Jan 17, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: A question that keeps coming to my head
Replies: 13
Views: 1301

Re: A question that keeps coming to my head

Portfolio 2 - Swag forever Equities 15% US - used total US, not SP500, not sure if this is what you meant 20% Other advanced economies - assumed Europe only, so excludes Pacific developed 12% Emerging 7% Private - what is this? I substituted small cap blend Bonds 10% US 9% International - no foreig...
by Ethelred
Mon Jan 15, 2018 10:41 pm
Forum: Investing - Theory, News & General
Topic: International stocks underperformed for the last 20 years.
Replies: 148
Views: 16704

Re: International stocks underperformed for the last 20 years.

I haven't checked the numbers but it would seem to me that an all-encompassing international index would slightly underperform an index from any one country from the 'global north' most of the time. If one person doesn't get the flu, she will be healthier, on average, than the group. If she does ge...
by Ethelred
Mon Jan 15, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio design (U.K)...Please?
Replies: 9
Views: 782

Re: Help with portfolio design (U.K)...Please?

badbreath wrote:
Mon Jan 15, 2018 5:15 pm
There was a interesting article on JL Collins blog about UK investing

http://jlcollinsnh.com/2018/01/12/an-in ... pe-artist/
Looks like that's a guest post. And the portfolio recommended is odd, especially the recommendation for "25% cash / gilts".
by Ethelred
Mon Jan 15, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: Investment Grade (barely)
Replies: 9
Views: 1288

Re: Investment Grade (barely)

It's probably noting that VWITX (Vanguard Intermediate-Term Tax-Exempt Fund - Investor Class) is (one of?) the largest muni funds. As of the latest annual report in October, it contains this as the top ten: New York 16.2% California 12.3 Texas 9.4 Illinois 6.4 Florida 4.9 Pennsylvania 4.7 Maryland 3...
by Ethelred
Mon Jan 15, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: Do people in the forum hold foreign bonds?
Replies: 69
Views: 6604

Re: Do people in the forum hold foreign bonds?

No. But that's in large part because our bond holdings are in retirement accounts, and neither of our 401ks have any foreign bond choices.
by Ethelred
Sat Jan 13, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for UK equivalent of a 12-month CD
Replies: 2
Views: 231

Re: Looking for UK equivalent of a 12-month CD

Such things do exist, but they are not as popular as Fed in the USA. I just checked the Barclays website, and they have something called a savings bond, which is only available to their Premier customers. I'm sure some of the other banks may have something similar, or maybe with National Savings at ...
by Ethelred
Sat Jan 13, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Consulting side gig while at mega corp
Replies: 25
Views: 2478

Re: Consulting side gig while at mega corp

You may struggle with this. It's pretty standard to have an employee agreement where you are expected to obtain permission from the employer either to do any other work, or any other work in the same industry. Depending on the employer, I would imagine that most will give permission if all of the fo...
by Ethelred
Fri Jan 12, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?
Replies: 55
Views: 7605

Re: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?

I'm not surprised by some of the replies here. In general, Bogleheads is a fairly financially conservative forum, and many have no experience of what you're trying. In terms of your asset allocation and fund choices, I don't see a big problem with any of your proposals. Personally, if I was retiring...
by Ethelred
Thu Jan 11, 2018 5:16 pm
Forum: Investing - Theory, News & General
Topic: Individual investors, possible structural advantages
Replies: 10
Views: 897

Re: Individual investors, possible structural advantages

Not to dive too deep, but to expand a little on #2 (munis) and #9 (individual stocks). Munis: There's already a tailwind for an individual, in certain states, because they avoid even the cheap (but non-zero) ER of a Vanguard national muni fund, and they can buy issues for their specific state (savi...
by Ethelred
Thu Jan 11, 2018 4:54 pm
Forum: Investing - Theory, News & General
Topic: Individual investors, possible structural advantages
Replies: 10
Views: 897

Re: Individual investors, possible structural advantages

TLDR - I propose a list of areas (below) where individual investors may be able to outperform a 3-fund portfolio due to certain structural issues. For those who are interested in, possibly, doing a little bit better than a standard, simple portfolio (at the likely cost of extra time and effort), I ...
by Ethelred
Thu Jan 11, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 88
Views: 12592

Re: IRS announces new withholding tables for 2018

For comparison, the 2017 tables are in Publication 15, here:
https://www.irs.gov/pub/irs-pdf/p15.pdf
by Ethelred
Thu Jan 11, 2018 1:17 pm
Forum: Investing - Theory, News & General
Topic: Zimbabwe stock market acting strangely again
Replies: 15
Views: 2120

Re: Zimbabwe stock market acting strangely again

My first reaction: "What? Why? How did you even notice that?" My second reaction: "That is strange. I wonder why?" So, according to this Zimbabwe news site (not sure if local), there was a bubble from locals looking for investments that could out-pace inflation, and then it burst once Mugabe was rem...
by Ethelred
Wed Jan 10, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 29102

Re: Hitting The Sell Button

If you are interested, you can read my IPS in my "How Do You Like My New 'Doo" thread. Pretty much, I took the Morningstar worksheet and answered the questions. It is a statement of investment philosophy. I talk about a relaxed rebalancing philosophy, rebalancing bands of up to 10%, and looking for...
by Ethelred
Wed Jan 10, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Input/Thoughts Needed: Education/Career Path - Crucial Life Point
Replies: 14
Views: 1115

Re: Input/Thoughts Needed: Education/Career Path - Crucial Life Point

It's not that I disagree but I'm curious as to what components of Accounting you see as a mismatch? That's my initial reaction, I guess, though I'm not an accountant, and open to contradiction by someone who is. Some aspects are obviously similar - working with numbers, for example, but accountancy...
by Ethelred
Wed Jan 10, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Input/Thoughts Needed: Education/Career Path - Crucial Life Point
Replies: 14
Views: 1115

Re: Input/Thoughts Needed: Education/Career Path - Crucial Life Point

I don't have a lot of advice, but I figured I'd say a few things: 1. Bogleheads as a whole are a pretty financially conservative bunch. It will probably be fine, but you may need to be careful that you don't allow this thread to get derailed into a discussion of your poker playing. 2. You may be qui...
by Ethelred
Wed Jan 10, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: Why are 401k ROTH rare?
Replies: 11
Views: 1450

Re: Why are 401k ROTH rare?

Two things: 1. As mentioned earlier, Roth 401ks are newer than traditional 401ks. 2. For the great majority of people, contributing to a Roth 401k instead of a traditional 401k is a bad idea. In general terms, it is only the better choice if your current (marginal) income tax rate is less than your ...
by Ethelred
Wed Jan 10, 2018 1:28 pm
Forum: Investing - Theory, News & General
Topic: If I have a million with Edward Jones, in 10 years, how much money has my FA made off me?
Replies: 48
Views: 7151

Re: If I have a million with Edward Jones, in 10 years, how much money has my FA made off me?

I did find this https://www.edwardjones.com/images/ETY-1714E-A-MA.pdf Look what happens to the people who have less than 6 grand with them. I dont even know what that means. Is that 2.50% squared 3 times or what? Thats nuts!! You might want to read that a bit more carefully. 1. That's their commiss...
by Ethelred
Wed Jan 10, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth strategy - your thoughts
Replies: 15
Views: 2003

Re: Backdoor Roth strategy - your thoughts

Can you rollover the tIRAs into your 401ks?
by Ethelred
Wed Jan 10, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Withdrawal sequencing
Replies: 19
Views: 2183

Re: Withdrawal sequencing

I know it cost me more to get the money into the Roth and the brokerage account but that is sunk cost, right? At this point it appears to me that due to taxes the Traditional account will always be less productive going forward and should be liquidated first but all the advice I see says liquidate ...