Eventually unless your contributions continue to be a meaningful portion of AUM, your cost basis gets pushed too low to do any new TLHing, and you are just left with a complicated high fee portfolio.
Wouldn't bother myself...
If you really want something like this go talk to AQR and they can do it with a long/short portfolio; the ability to short allows it to generate losses for a much longer runway, even without new capital.
Relevant piece here: https://www.aqr.com/Insights/Research/J ... -Investing
Search found 11200 matches
- Fri Oct 27, 2023 8:39 pm
- Forum: Investing - Theory, News & General
- Topic: Frec - Low Cost (0.10%) S&P500 Direct Indexing Startup
- Replies: 30
- Views: 5424
- Fri Oct 27, 2023 5:07 pm
- Forum: Personal Investments
- Topic: VBTLX 5 Year Performance vs My Cost Basis
- Replies: 22
- Views: 2116
- Fri Oct 27, 2023 4:58 pm
- Forum: Personal Investments
- Topic: VBTLX 5 Year Performance vs My Cost Basis
- Replies: 22
- Views: 2116
Re: VBTLX 5 Year Performance vs My Cost Basis
nvm just muddied the waters
- Fri Oct 27, 2023 3:08 pm
- Forum: Personal Investments
- Topic: VBTLX 5 Year Performance vs My Cost Basis
- Replies: 22
- Views: 2116
Re: VBTLX 5 Year Performance vs My Cost Basis
From the point of view of "total return," those interest payments should be reinvested, and they do not count toward "the total cost of all your purchases." If dividends are reinvested to purchase additional shares, then I would argue that they are indeed included in my basis. Vanguard agrees: "Cost basis refers to the price you paid for your shares. That figure is adjusted upward for reinvested dividends and capital gains and any commissions or transaction fees you paid." This is an IRA account so I'm not worried about it from a taxation POV. I was using that number trying to reconcile the -19.2% with what the fund profile itself says it has returned. They are saying they take the cost basis and adjust it upw...
- Mon Feb 20, 2023 1:55 pm
- Forum: Personal Investments
- Topic: Advisor to review (not take over) accounts
- Replies: 47
- Views: 4283
Re: Advisor to review (not take over) accounts
Interesting... wonder who he is right for...TheQuestionGuy wrote: ↑Sat Feb 18, 2023 6:56 amNope. Here is his reply....Freeadvice wrote: ↑Sat Feb 18, 2023 6:49 amDid he say why?TheQuestionGuy wrote: ↑Sat Feb 18, 2023 3:30 amHe replied to my e-mail that he isn't the right person.MotoTrojan wrote: ↑Fri Feb 17, 2023 4:09 pm $995 for Rick Ferri. You can find lots of podcasts and posts by him and see if his style fits you.
https://rickferri.com/investors/
I'm not the right person for this job. Good luck.
- Fri Feb 17, 2023 4:09 pm
- Forum: Personal Investments
- Topic: Advisor to review (not take over) accounts
- Replies: 47
- Views: 4283
Re: Advisor to review (not take over) accounts
$995 for Rick Ferri. You can find lots of podcasts and posts by him and see if his style fits you.
https://rickferri.com/investors/
https://rickferri.com/investors/
- Mon Feb 13, 2023 2:14 pm
- Forum: Personal Consumer Issues
- Topic: 2 weeks in Italy this summer
- Replies: 30
- Views: 2222
Re: 2 weeks in Italy this summer
Sorrento, Positano, and/or Ischia worth considering.
- Mon Jan 30, 2023 5:37 pm
- Forum: Personal Finance (Not Investing)
- Topic: Am I wrong to keep telling my 80 year old parents to sell their rental townhouse?
- Replies: 50
- Views: 5395
Re: Am I wrong to keep telling my 80 year old parents to sell their rental townhouse?
Agree with others to let it rest. If you really just want to stick to the numbers too, I would run them to see how much the value would have to decline before selling now would offset the stepped-up basis... I bet the prudent decision is to hold it.
I feel you on the frustration with them having not just put it in the market decades ago, but the past is the past.
I feel you on the frustration with them having not just put it in the market decades ago, but the past is the past.
- Thu Jan 19, 2023 4:28 pm
- Forum: Non-US Investing
- Topic: Investing in ETFs on margin?
- Replies: 49
- Views: 4268
Re: Investing in ETFs on margin?
A short box spread will alleviate this risk and give you lower borrowing costs as well, but with some more complexity.
https://thefinancebuff.com/short-box-sp ... elity.html
I have never heard of margin rates for ETFs going to 100%, that is wild. I know they raised them across the board for Reg T from 25% to 37.5% during 2020 election in US.
I use margin to generate collateral for a futures overlay but have portfolio margin.
https://thefinancebuff.com/short-box-sp ... elity.html
I have never heard of margin rates for ETFs going to 100%, that is wild. I know they raised them across the board for Reg T from 25% to 37.5% during 2020 election in US.
I use margin to generate collateral for a futures overlay but have portfolio margin.
- Thu Jan 19, 2023 3:47 pm
- Forum: Personal Investments
- Topic: Dividend Calculator for Vanguard money market funds like VMSXX, VUSXX
- Replies: 15
- Views: 2801
Re: Dividend Calculator for Vanguard money market funds like VMSXX, VUSXX
You may not get dividend until the funds are settled? Could shave a day off here and there?
- Thu Jan 19, 2023 2:17 pm
- Forum: Investing - Theory, News & General
- Topic: Small Cap Value heads Rejoice !!!
- Replies: 5577
- Views: 619357
Re: Small Cap Value heads Rejoice !!!
Totally with you there!
- Wed Jan 18, 2023 4:49 pm
- Forum: Investing - Theory, News & General
- Topic: Small Cap Value heads Rejoice !!!
- Replies: 5577
- Views: 619357
Re: Small Cap Value heads Rejoice !!!
WOW that is some serious conviction. What is the story here? Highly tactical? Would you reduce if XYZ happens? I like ex-US value for the same reasons described in recent posts so I've been putting most new contributions there (some in US small value, but I've been a little hesitant since this has gained a lot in the last few years). Plenty of posters are proudly US-only or far overweight US, so I don't think my portfolio is especially extreme by that standard. I also have significant real estate holdings which are entirely in the US. That said, I'm looking to add a bit more US exposure to my stock portfolio for diversification and tax-efficiency. Tax-efficiency is a big one. Especially in factor products, huge differential today in yields.
- Wed Jan 18, 2023 12:19 pm
- Forum: Investing - Theory, News & General
- Topic: Small Cap Value heads Rejoice !!!
- Replies: 5577
- Views: 619357
Re: Small Cap Value heads Rejoice !!!
I've been away from this forum lately, but I came back to rejoice my small cap value tilt! Lost money last year just like most people did, but perhaps not as much. Still behind though since I started this tilt thing but I have faith that there is a pot of gold at the end of the rainbow.Now if only International stocks will finally pay off so I won't feel so stupid about my investing decisions. 68% ex-US today. In due time my friend... Ha! There's very few on here that have as much exUS as I do at roughly 60%. Most people can't fathom having that much international but think 100% US is just fine. It felt pretty good allocating most of 2022's funds to AVDV/AVES last year while they both corrected sharply and the USD soared....any meaningful ...
- Fri Jan 13, 2023 10:53 am
- Forum: Investing - Theory, News & General
- Topic: Small Cap Value heads Rejoice !!!
- Replies: 5577
- Views: 619357
Re: Small Cap Value heads Rejoice !!!
68% ex-US today. In due time my friend...averagedude wrote: ↑Fri Jan 13, 2023 12:34 am I've been away from this forum lately, but I came back to rejoice my small cap value tilt! Lost money last year just like most people did, but perhaps not as much. Still behind though since I started this tilt thing but I have faith that there is a pot of gold at the end of the rainbow.Now if only International stocks will finally pay off so I won't feel so stupid about my investing decisions.
- Tue Jan 10, 2023 5:08 pm
- Forum: Personal Investments
- Topic: Lost money in Betterment hsa investing, any way to recover?
- Replies: 15
- Views: 2286
Re: Lost money in Betterment hsa investing, any way to recover?
I originally opened the account at Betterment with around $500, lost a little money, hated the options and user interface and so I closed it down. Is this not what explains the loss? Maybe a ~$20 transfer fee? I don't think trying to recover it is going to work and given the relatively small sum of $ your time is probably spent better elsewhere, I would just let it go. Fidelity has a great HSA by the way which allows you to invest in stocks/ETFs/funds for free. With fractional shares you could build a very nice diverse HSA with $480. Sorry if I wasn't being clear, I'm not trying to recover the $20 I lost in actual investing, I'm trying to get back the $480 that i had left over when i closed the account. Nope that is on me. Wow that is pret...
- Tue Jan 10, 2023 3:54 pm
- Forum: Personal Investments
- Topic: Lost money in Betterment hsa investing, any way to recover?
- Replies: 15
- Views: 2286
Re: Lost money in Betterment hsa investing, any way to recover?
Is this not what explains the loss? Maybe a ~$20 transfer fee? I don't think trying to recover it is going to work and given the relatively small sum of $ your time is probably spent better elsewhere, I would just let it go.
Fidelity has a great HSA by the way which allows you to invest in stocks/ETFs/funds for free. With fractional shares you could build a very nice diverse HSA with $480.
- Tue Jan 10, 2023 3:52 pm
- Forum: Investing - Theory, News & General
- Topic: Small Cap Value heads Rejoice !!!
- Replies: 5577
- Views: 619357
Re: Small Cap Value heads Rejoice !!!
Looking at recent posts, it seems you had a nice call with the RBD on AVUV!livesoft wrote: ↑Tue Jan 10, 2023 3:35 pmHi! Right back at ya! I think SCV investing is supposed to be quiet --- except for those few days around RBDs.MotoTrojan wrote: ↑Tue Jan 10, 2023 3:25 pm Sad to see this thread has been so quiet... haven't posted on Bogleheads in ages, but wanted to say hi to everyone and rejoice for another great year of SCV investing!
- Tue Jan 10, 2023 3:25 pm
- Forum: Investing - Theory, News & General
- Topic: Small Cap Value heads Rejoice !!!
- Replies: 5577
- Views: 619357
Re: Small Cap Value heads Rejoice !!!
Sad to see this thread has been so quiet... haven't posted on Bogleheads in ages, but wanted to say hi to everyone and rejoice for another great year of SCV investing!
- Tue Jan 10, 2023 3:24 pm
- Forum: Personal Investments
- Topic: Fidelity HSA? Thinking of switching.
- Replies: 57
- Views: 8680
Re: Fidelity HSA? Thinking of switching.
Only applies to the managed account. Regular Fidelity HSA is free.fizxman wrote: ↑Tue Jan 10, 2023 8:29 am
I did see the following on the Fidelity website under Minimums and Fees https://www.fidelity.com/go/hsa/investing-hsa-your-way:
"$0 for under $25,000 and 0.35% per year for $25,000 and above"
- Mon Oct 24, 2022 7:47 pm
- Forum: Investing - Theory, News & General
- Topic: Standpoint (BLNDX, REMIX)
- Replies: 18
- Views: 4049
Re: Standpoint (BLNDX, REMIX)
Sorry for bringing this thread back up, but I have been researching BLNDX recently and you claim it is not 50% global equities and 50% managed futures, but rather 50% global equities and 100% managed futures? The Standpoint website compares BLNDX performance to "50% MSCI World Index & 50% SG Trend Index" which would suggest BLNDX is indeed 50/50 and not 50/100? Reply from a Standpoint employee via e-mail when I asked for confirmation: You have it right. 100% of typical futures program, 50% equities, 20%-40% bonds/cash management. The reason this is possible is because when an investors gives us $100 we only need $10-$20 (depending on what futures contracts are active) to implement a 100% futures program. Then $33-$66 is deplo...
- Wed Aug 24, 2022 4:06 pm
- Forum: Investing - Theory, News & General
- Topic: tax deferred vs Capital Gains
- Replies: 20
- Views: 1451
Re: tax deferred vs Capital Gains
You're looking at it wrong. Let's assume 25% short/income tax rate and 10% cap-gains.
You make $1 pre-tax.
Option 1:
Put that $1 into an IRA, it grows 5x to $5, pay 25% tax upon withdrawal and you have $3.75 left to spend.
Option 2:
Pay 25% tax on the income, put $0.75 into taxable. It grows 5x to $3.75. Now you withdraw it and pay 10% on the $3 gain, and have $3.45 to spend (if it had been a Roth IRA instead, you'd still have the same $3.75).
And this ignores the fact that option 2 will also have a tax-drag associated with dividends which will be taxed annually, making the final spendable number even smaller.
You make $1 pre-tax.
Option 1:
Put that $1 into an IRA, it grows 5x to $5, pay 25% tax upon withdrawal and you have $3.75 left to spend.
Option 2:
Pay 25% tax on the income, put $0.75 into taxable. It grows 5x to $3.75. Now you withdraw it and pay 10% on the $3 gain, and have $3.45 to spend (if it had been a Roth IRA instead, you'd still have the same $3.75).
And this ignores the fact that option 2 will also have a tax-drag associated with dividends which will be taxed annually, making the final spendable number even smaller.
- Tue Aug 09, 2022 2:46 pm
- Forum: Investing - Theory, News & General
- Topic: Emerging markets have failed to live up (says M* article)
- Replies: 156
- Views: 19353
Re: Emerging markets have failed to live up (says M* article)
Not risk-adjusted, it hasn't. The return hasn't been commensurate with the extra risk. They aren't anything special, they're just yet another category of stocks with a risk-adjusted return in the same ballpark as other categories. And they wouldn't have helped in any of the three big downturns in that time period: 2000-2003, 2008-2009, or 2020. Holding DFA's US SCV, Dev SCV, and EM Val in 40/40/20 ratio had a higher CAGR and Sharpe than any of the 3 alone, and close to the lowest drawdown (only beat by DISVX, which was the worst overall performer). Sure seemed to add something special to me. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&...
- Tue Aug 09, 2022 2:44 pm
- Forum: Investing - Theory, News & General
- Topic: Emerging markets have failed to live up (says M* article)
- Replies: 156
- Views: 19353
Re: Rebalancing US/INTL/EM
If somebody invests now in "total world" for the rest of his life, this is nothing else but "letting it go", i.e. there will never be any rebalancing between geographies or any other criteria. Yes the country percentages will change over time, but it's neither market timing, nor factor investing: The asset allocation methodology is consistent, the algo is defined ahead of time, and will require no action ever. This is not totally true as a total world approach on market-cap weighting would adjust for new issues or companies removed from the index. If you just buy VTI and VXUS at the current weighting within VT, you will track closely for some time but eventually will drift if one region has more/less new-issues (IPOs).
- Thu Aug 04, 2022 7:50 am
- Forum: Personal Finance (Not Investing)
- Topic: 3% cash back CC offer, am I missing something?
- Replies: 35
- Views: 4753
Re: 3% cash back CC offer, am I missing something?
Wells Fargo Propel (Amex) is a free card and is also 3% back on dining, gas, but also travel (super helpful for me). Plus if you also get a Visa Signature card (also free) you can transfer your points and turn that 3% cash-back into 4.5% off on travel booked through their portal.
- Thu Aug 04, 2022 6:27 am
- Forum: Investing - Theory, News & General
- Topic: Emerging markets have failed to live up (says M* article)
- Replies: 156
- Views: 19353
Re: Rebalancing US/INTL/EM
Not risk-adjusted, it hasn't. The return hasn't been commensurate with the extra risk. They aren't anything special, they're just yet another category of stocks with a risk-adjusted return in the same ballpark as other categories. And they wouldn't have helped in any of the three big downturns in that time period: 2000-2003, 2008-2009, or 2020. Holding DFA's US SCV, Dev SCV, and EM Val in 40/40/20 ratio had a higher CAGR and Sharpe than any of the 3 alone, and close to the lowest drawdown (only beat by DISVX, which was the worst overall performer). Sure seemed to add something special to me. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&...
- Sat May 14, 2022 8:19 am
- Forum: Investing - Theory, News & General
- Topic: Is selling QQQ and buying TQQQ considered a wash sale?
- Replies: 14
- Views: 4005
Re: Is selling QQQ and buying TQQQ considered a wash sale?
No, but that doesn't change the fact that this is a terrible idea.
- Thu May 12, 2022 6:35 am
- Forum: Investing - Theory, News & General
- Topic: Commodities and ETNs
- Replies: 4
- Views: 644
Re: Commodities and ETNs
If you want commodity exposure then COM is the best product out there. ETF so safer than ETN, and it uses trend signals to decide whether to go long or flat (cash) each commodity separately.
That ER isn't bad for a futures product.
I prefer long/short and more assets, something like KMLM or DBMF, personally. Both are having great performance this year and beyond (DBMF just hit 3 years, believe 15% CAGR last I looked).
Note that any futures product will distribute all of its gains annually in December, so best held in an IRA.
That ER isn't bad for a futures product.
I prefer long/short and more assets, something like KMLM or DBMF, personally. Both are having great performance this year and beyond (DBMF just hit 3 years, believe 15% CAGR last I looked).
Note that any futures product will distribute all of its gains annually in December, so best held in an IRA.
- Wed May 11, 2022 7:03 am
- Forum: Investing - Theory, News & General
- Topic: Small Cap Value heads Rejoice !!!
- Replies: 5577
- Views: 619357
Re: Small Cap Value heads Rejoice !!!
Just wanted to say hello and I am glad this thread is still going strong! Haven't been on Bogleheads in ages. It is our time to shine value-heads :). https://www.aqr.com/Insights/Perspectives/Still-Crazy-After-All-This-YTD MotoTrojan / HML_Compounder Have you considered investing in AQR long-short funds? I have not. Obviously the past year or so you would've loved to have had some short-growth, but over the long-run my belief is that value-factor exposure is value-factor exposure, whether you get it on the long or short side. I also believe that beta has a positive expected return (duh, think we all agree) and that going long/short to offset beta increases costs. Going 100% long-value gives me enough value factor exposure, thus I see no ne...
- Tue May 10, 2022 9:24 pm
- Forum: Investing - Theory, News & General
- Topic: Small Cap Value heads Rejoice !!!
- Replies: 5577
- Views: 619357
Re: Small Cap Value heads Rejoice !!!
Just wanted to say hello and I am glad this thread is still going strong! Haven't been on Bogleheads in ages.
It is our time to shine value-heads .
https://www.aqr.com/Insights/Perspectiv ... l-This-YTD
MotoTrojan / HML_Compounder
It is our time to shine value-heads .
https://www.aqr.com/Insights/Perspectiv ... l-This-YTD
MotoTrojan / HML_Compounder
- Thu Mar 03, 2022 7:43 am
- Forum: Investing - Theory, News & General
- Topic: Standpoint (BLNDX, REMIX)
- Replies: 18
- Views: 4049
Re: Standpoint (BLNDX, REMIX)
Indeed. MAFIX uses futures for it's equity exposure, so I would say it really only should be used in a tax-advantaged account. I think BLNDX's developed equity which is achieved via ETFs is better but some would only want S&P500, plus MAFIX is an 11 manager product so diversified.
I personally ended up allocating to KMLM, EQCHX, and QMHIX as I wanted something with higher volatility and convexity than the underlying products within BLNDX/MAFIX.
- Thu Feb 24, 2022 7:26 am
- Forum: Investing - Theory, News & General
- Topic: What's your trigger for deciding it's time to buy more stocks during a down market?
- Replies: 88
- Views: 10971
Re: What's your trigger for deciding it's time to buy more stocks during a down market?
I invest as much as I can, as soon as I can, no matter what. Makes life so much easier, and I live without regrets.
- Thu Feb 17, 2022 7:17 pm
- Forum: Investing - Theory, News & General
- Topic: AXS Astoria Inflation Sensitive ETF & Amplify Inflation Fighter ETF
- Replies: 33
- Views: 3118
Re: AXS Astoria Inflation Sensitive ETF & Amplify Inflation Fighter ETF
I hadn't but I like the confirmation bias!Booogle wrote: ↑Wed Feb 16, 2022 5:44 amMotoTrojan wrote: ↑Sat Feb 12, 2022 5:28 pm If you are worried about inflation, but want a longterm holding, I would suggest a managed-futures product, which should have a positive expected return either way and no correlation to equities.
DBMF/KMLM are two reasonably priced ETFs in this space I'd recommend. Mutual funds can have a bit more volatility (good thing in this space) but tend to be 0.7-1% more.
I'm guessing you read this paper which recommends trend-following to fight inflation:
https://papers.ssrn.com/sol3/papers.cfm ... id=3813202
- Thu Feb 17, 2022 7:16 pm
- Forum: Investing - Theory, News & General
- Topic: Emerging markets have failed to live up (says M* article)
- Replies: 156
- Views: 19353
Re: Emerging markets have failed to live up (says M* article)
Not risk-adjusted, it hasn't. The return hasn't been commensurate with the extra risk. They aren't anything special, they're just yet another category of stocks with a risk-adjusted return in the same ballpark as other categories. And they wouldn't have helped in any of the three big downturns in that time period: 2000-2003, 2008-2009, or 2020. Holding DFA's US SCV, Dev SCV, and EM Val in 40/40/20 ratio had a higher CAGR and Sharpe than any of the 3 alone, and close to the lowest drawdown (only beat by DISVX, which was the worst overall performer). Sure seemed to add something special to me. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&...
- Sun Feb 13, 2022 11:12 am
- Forum: Investing - Theory, News & General
- Topic: AXS Astoria Inflation Sensitive ETF & Amplify Inflation Fighter ETF
- Replies: 33
- Views: 3118
Re: AXS Astoria Inflation Sensitive ETF & Amplify Inflation Fighter ETF
If you are worried about inflation, but want a longterm holding, I would suggest a managed-futures product, which should have a positive expected return either way and no correlation to equities. DBMF/KMLM are two reasonably priced ETFs in this space I'd recommend. Mutual funds can have a bit more volatility (good thing in this space) but tend to be 0.7-1% more. Do you have anything for a taxable account? Anything in particular you dislike about this for taxable? If you think of them as a bond supplement (higher risk, higher return though), they are more tax-efficient than bonds as some income is long-term cap-gains, some short, where-as bonds are typically all income (unless you sell for a long-term gain). Certainly not as efficient as eq...
- Sun Feb 13, 2022 11:10 am
- Forum: Investing - Theory, News & General
- Topic: AXS Astoria Inflation Sensitive ETF & Amplify Inflation Fighter ETF
- Replies: 33
- Views: 3118
Re: AXS Astoria Inflation Sensitive ETF & Amplify Inflation Fighter ETF
If you are worried about inflation, but want a longterm holding, I would suggest a managed-futures product, which should have a positive expected return either way and no correlation to equities. DBMF/KMLM are two reasonably priced ETFs in this space I'd recommend. Mutual funds can have a bit more volatility (good thing in this space) but tend to be 0.7-1% more. Hi MotoTrojan, I recall Larry Swedroe mentioning that he didn't think any public ETFs for managed futures were up to snuff (I don't recall his exact words) and that for managed futures an investor has to look to privately held funds. That the management team is quite important for these. Might be worth reaching out to him regarding these ETFs in particular for his thoughts on them....
- Sat Feb 12, 2022 5:28 pm
- Forum: Investing - Theory, News & General
- Topic: AXS Astoria Inflation Sensitive ETF & Amplify Inflation Fighter ETF
- Replies: 33
- Views: 3118
Re: AXS Astoria Inflation Sensitive ETF & Amplify Inflation Fighter ETF
If you are worried about inflation, but want a longterm holding, I would suggest a managed-futures product, which should have a positive expected return either way and no correlation to equities.
DBMF/KMLM are two reasonably priced ETFs in this space I'd recommend. Mutual funds can have a bit more volatility (good thing in this space) but tend to be 0.7-1% more.
DBMF/KMLM are two reasonably priced ETFs in this space I'd recommend. Mutual funds can have a bit more volatility (good thing in this space) but tend to be 0.7-1% more.
- Sat Feb 12, 2022 3:36 pm
- Forum: Investing - Theory, News & General
- Topic: Small Cap Value heads Rejoice !!!
- Replies: 5577
- Views: 619357
Re: Small Cap Value heads Rejoice !!!
Thanks for sharing. Big fan of yours on RR and Twitter. We have the exact same portfolio except I have 20% bonds (I, EE, EDV) and you are 130% stock lol. Thanks! I tend to spend most of my time on Twitter now. No lost love for you all but hard to keep up with too many sites. It is a nice equity portfolio! My portfolio has hit some milestones thus that I've started adding to some managed futures as well to diversify my risk a bit. My long-term plan is to be somewhere around 60-70/20-25/10-20 equity/managed-futures/treasuries once I hit my number, and of course no leverage... I've actually also started to wind that down (not actively paying it off just yet, but not adding to it when portfolio is positive)... But that 5-fund equity allocation...
- Fri Feb 04, 2022 7:11 pm
- Forum: Investing - Theory, News & General
- Topic: Bonds: What Are They Doing? Are They Doing Things?? Let's Find Out!
- Replies: 2297
- Views: 256345
- Mon Jan 31, 2022 7:58 pm
- Forum: Investing - Theory, News & General
- Topic: Standpoint (BLNDX, REMIX)
- Replies: 18
- Views: 4049
Re: Standpoint (BLNDX, REMIX)
I am not. From what I have gathered even managed future only ETFs are typically less exposure than their MF counterparts.
KMLM and DBMF still seem like interesting ETFs in the space. CTA is coming out at some point if not already and will be worth a look.
- Sat Jan 29, 2022 3:02 pm
- Forum: Personal Investments
- Topic: International in taxable when fees are higher?
- Replies: 12
- Views: 1312
Re: International in taxable when fees are higher?
I am in this camp and hold a bit of both in taxable/advantaged.NiceUnparticularMan wrote: ↑Sat Jan 29, 2022 2:38 pm
So I am tempted to just suggest the net differences are so small it maybe isn't worth sweating too much either way.
- Sat Jan 29, 2022 2:32 pm
- Forum: Investing - Theory, News & General
- Topic: Standpoint (BLNDX, REMIX)
- Replies: 18
- Views: 4049
Re: Standpoint (BLNDX, REMIX)
You are essentially paying double the ER for the managed futures strategy because the passive portion could be achieved for free outside of this product. So are you really willing to pay ~250bps a year for this strategy? I haven't looked into this particular fund, but this was my initial reaction too. Mixing the strategies 50/50 also obfuscates the returns of the managed futures strategy, which I personally don't regard.as a plus. Pretty high ER for the actively managed share. To be clear, i haven't looked into this fund beyond skimming the fact sheet. I don't like that one is forced to buy the 50% of the fund that is VOO or whatever, it feels like a lack of confidence that the managed futures can keep pace. Most investors already own a bu...
- Sat Jan 29, 2022 1:43 pm
- Forum: Non-US Investing
- Topic: Selling RSUs at high cost?
- Replies: 9
- Views: 1119
Re: Selling RSUs at high cost?
I have never heard of an RSU being given without the income tax being due upon receipt (in some cases the company will pay the taxes for you in exchange for taking an equivalent amount of shares, if they are private and thus illiquid) so I would be curious to hear more about the actual tax situation.
In a normal RSU case, not selling them at the moment of vest is identical (taxes and all) to being given a cash bonus and immediately going out to buy the stock with it. So ask yourself, if you got cash instead, would you buy the shares?
In a normal RSU case, not selling them at the moment of vest is identical (taxes and all) to being given a cash bonus and immediately going out to buy the stock with it. So ask yourself, if you got cash instead, would you buy the shares?
- Wed Jan 26, 2022 9:04 am
- Forum: Personal Investments
- Topic: Sold actively managed sector-specific fund with large capital gains for total market index - good move?
- Replies: 5
- Views: 710
Re: Sold actively managed sector-specific fund with large capital gains for total market index - good move?
I would bet it outperformed the US total market by enough that after selling it and paying taxes, your total value is still higher than it would've been if you'd been in the total market fund and hadn't sold.
Sounds like a good outcome to me... as that means you now have even more total market fund than you would've, plus your cost basis is much higher (so less future taxes).
Well done if what I said above is true!
Sounds like a good outcome to me... as that means you now have even more total market fund than you would've, plus your cost basis is much higher (so less future taxes).
Well done if what I said above is true!
- Fri Jan 21, 2022 1:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: HSA transfer: Health Equity to Fidelity
- Replies: 127
- Views: 31883
Re: HSA transfer: Health Equity to Fidelity
My HSA also has a $1000 minimum cash balance and $2.5/month fee to invest the rest if cash is under $3K but I just do the transfer annually via indirect rollover. https://thefinancebuff.com/how-to-rollover-an-hsa-on-your-own-and-avoid-trustee-transfer-fee.html I have had some painful experiences in past trying to get a direct transfer processed so I found having control of the situation easier. I take an online distribution to my checking account, then I write Fidelity a check and mail it in (silly this can't be done online, maybe now it can be but not last year). Looks like you still cannot do a 60-day mobile deposit to HSA. Last question in FAQ. https://www.fidelity.com/go/hsa/transfer Thanks. Oh well, I still prefer it to calling my HSA...
- Fri Jan 21, 2022 12:58 pm
- Forum: Personal Consumer Issues
- Topic: Aerospace Engineering as a college major
- Replies: 82
- Views: 7758
Re: Aerospace Engineering as a college major
A more general degree with useful preparation for AE is ME. As an EE, I would not push EE these days, if I were starting out I would consider ME. (Not that EE hasn't been good for the last 40 years...) I would not be as gloomy about AE, as I suspect it also would be attractive for those interested in rockets. My personal thinking is that we will only solve the global warming problem with geoengineering, which which is going to mean a lot of rockets and satellites. At-least for me AE and ME were quite similar, with only a few classes separating them. You can also get an ME and take AE classes for your non-core engineering ones. Rocketry was my passion so that explains it, but I am a bit perplexed at the OP saying there are limited jobs in A...
- Fri Jan 21, 2022 10:15 am
- Forum: Personal Finance (Not Investing)
- Topic: HSA transfer: Health Equity to Fidelity
- Replies: 127
- Views: 31883
Re: HSA transfer: Health Equity to Fidelity
My HSA also has a $1000 minimum cash balance and $2.5/month fee to invest the rest if cash is under $3K but I just do the transfer annually via indirect rollover. https://thefinancebuff.com/how-to-rollo ... r-fee.html
I have had some painful experiences in past trying to get a direct transfer processed so I found having control of the situation easier. I take an online distribution to my checking account, then I write Fidelity a check and mail it in (silly this can't be done online, maybe now it can be but not last year).
I have had some painful experiences in past trying to get a direct transfer processed so I found having control of the situation easier. I take an online distribution to my checking account, then I write Fidelity a check and mail it in (silly this can't be done online, maybe now it can be but not last year).
- Thu Jan 20, 2022 7:33 pm
- Forum: Investing - Theory, News & General
- Topic: Rebalance Every 8 Years?
- Replies: 85
- Views: 5300
Re: Rebalance Every 8 Years?
Data mining, nothing more.
- Thu Jan 20, 2022 4:03 pm
- Forum: Investing - Theory, News & General
- Topic: Is it foolish to go all in Small Cap Value?
- Replies: 405
- Views: 25168
Re: Is it foolish to go all in Small Cap Value?
It isn't foolish, but most choose to hedge their bets. My allocation is 50% VTI and 50% AVUV. I also own bonds and real estate, so I'm not all in on stocks generally. As bets go, yours isn't a terrible one and I think you have a reasonable expectation that you'll outperform over the long term. But the odds that you underperform aren't negligible, either. Historically, SCV has had much more upside potential than downside risk. Many have opined about U.S. SCV underperforming the S&P 500 over the last decade or so, but SCV (as measured by VISVX) still produced +10% real returns from 2010-2021, far more than anyone should have been planning for. And, more importantly, from 2000-2009, SCV returned 5% real, while TSM returned -2.7%. Indeed. ...
- Thu Jan 20, 2022 1:22 pm
- Forum: Investing - Theory, News & General
- Topic: Is it foolish to go all in Small Cap Value?
- Replies: 405
- Views: 25168
Re: Is it foolish to go all in Small Cap Value?
I don't think so. You on the Rational Reminder forum? Many folks there 100% into small-value or similar funds (if you count something like AVES), or 100% factor funds (some momentum too).
I equal-weight QVAL, AVUV, IVAL, AVDV, and AVES. Not all SCV, but similar risk-profiles.
I equal-weight QVAL, AVUV, IVAL, AVDV, and AVES. Not all SCV, but similar risk-profiles.
- Wed Jan 19, 2022 8:51 am
- Forum: Investing - Theory, News & General
- Topic: Small Cap Value heads Rejoice !!!
- Replies: 5577
- Views: 619357
Re: Small Cap Value heads Rejoice !!!
Bit of a shameless plug here... but I recently did a podcast interview and covered my philosophy with regards to systematic value investing and the current backdrop, among other things.
Thought maybe some of you would enjoy. And for those that didn't catch on already, I use the HML_Compounder handle on RR forum and Twitter.
https://podcasts.google.com/feed/aHR0cH ... AQAQ&hl=en
Thought maybe some of you would enjoy. And for those that didn't catch on already, I use the HML_Compounder handle on RR forum and Twitter.
https://podcasts.google.com/feed/aHR0cH ... AQAQ&hl=en