Search found 99 matches

by ribonucleic
Thu Jul 25, 2019 5:51 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Expands Their Index Fund Lineup
Replies: 70
Views: 9472

Re: Fidelity Expands Their Index Fund Lineup

I can find no indication of how many different bonds are held by FMBIX.

I was hoping it would rival the 8,621 held by Vanguard Intermediate-Term Tax-Exempt (VWIUX).
by ribonucleic
Wed Jul 10, 2019 3:25 pm
Forum: Personal Investments
Topic: paper gold or physical gold?
Replies: 37
Views: 2421

Re: paper gold or physical gold?

There is no substitute for personal physical custodianship of gold.

The Wikipedia article on Executive Order 6102 should make interesting reading.

https://en.wikipedia.org/wiki/Executive_Order_6102
by ribonucleic
Wed Jul 10, 2019 11:17 am
Forum: Investing - Theory, News & General
Topic: ITOT distribution yield 16bp higher than VTI?
Replies: 5
Views: 534

Re: ITOT distribution yield 16bp higher than VTI?

Quarterly data can fluctuate due to different dividend dates of underlying stocks. I would not waste my time looking at a single quarter distribution but look at the full year. Hmm... If I'm adding this up correctly, total distributions for the last 12 months add up to: ITOT: $1.3041 VTI: $2.7543 A...
by ribonucleic
Wed Jul 10, 2019 11:07 am
Forum: Investing - Theory, News & General
Topic: ITOT distribution yield 16bp higher than VTI?
Replies: 5
Views: 534

ITOT distribution yield 16bp higher than VTI?

There was a similar thread 3 years ago... https://www.bogleheads.org/forum/viewtopic.php?f=10&t=201786 ... but I couldn't derive a clear answer from it. Let's keep it simple. Investor A has $1,000,000 invested in Vanguard Total Stock Market ETF (VTI). Investor B has $1,000,000 invested in iShares Co...
by ribonucleic
Tue Jul 09, 2019 2:58 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Freedom Index Funds Increase International Exposure
Replies: 15
Views: 1855

Re: Fidelity Freedom Index Funds Increases International Exposure

In my perfect hypothetical world, Vanguard would offer both Total World Stock Index and Total World Bond Index in Admiral shares, and I would have a 2-fund portfolio. A spectre is haunting Europe... The spectre of negative-yield bonds! https://www.ft.com/content/09360f2e-98b4-11e9-9573-ee5cbb98ed36
by ribonucleic
Tue Jul 09, 2019 2:28 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Expands Their Index Fund Lineup
Replies: 70
Views: 9472

Re: Fidelity Expands Their Index Fund Lineup

Municipal Bond Index Fund is no-load with 0.07% ER?

I want to go to there.
by ribonucleic
Tue Jul 09, 2019 2:07 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard hits back at Fidelity's loss-leader strategy by courting higher-margin businesses, like China and private equi
Replies: 19
Views: 1995

Re: "Vanguard hits back at Fidelity's loss-leader strategy by courting higher-margin businesses, like China and private

Nothing wrong with marketing gimmicks. I look for good cash back credit cards but I don't expect those to persist forever. If they go away I'll figure out what the next best alternative is. Isn't the catch here that Fidelity doesn't allow the ZERO funds to be held anywhere else? When they "go away"...
by ribonucleic
Mon Jul 08, 2019 10:25 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 19785

Container shipping as an argument for international stocks

Whenever someone in one of the “how much international stock?” threads says “zero”, I think of the colossal container ships that carried 95% of everything I (and probably you) own. [There are documentaries about them on YouTube that convey what a marvel of engineering and logistics they are.] That i...
by ribonucleic
Sun Jul 07, 2019 10:30 am
Forum: Investing - Theory, News & General
Topic: Deutsche Bank expected to announce massive restructuring
Replies: 1
Views: 452

Deutsche Bank expected to announce massive restructuring

[The CEO’s] restructuring plan is expected to be the largest in the bank's history. It will reportedly focus on deep cuts to its US operations, which employ more than 9,000 people. The job losses are likely to be concentrated in the equities and derivatives trading units. US boss Tom Patrick and ot...
by ribonucleic
Tue Jul 02, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: Special ordering books through local bookstore to support local business?
Replies: 8
Views: 673

Special ordering books through local bookstore to support local business?

A local bookstore's website says "Special orders welcomed by our friendly staff". Will the store make the same (or near the same) profit on such a special order as they would on a book they chose to stock themselves? If so, could one - in the interest of supporting local businesses - simply buy thro...
by ribonucleic
Sat Jun 29, 2019 11:26 am
Forum: Investing - Theory, News & General
Topic: Vanguard Institutional Shares distributing capital gains that Admiral Shares don't?
Replies: 3
Views: 671

Re: Vanguard Institutional Shares distributing capital gains that Admiral Shares don't?

In a personal, taxable account VTSAX is clearly the better choice. It is widely recommended here on BH for that application. Thank you. It seems that this dynamic does not apply for the Short-Term Treasury Index Fund - as neither the Institutional nor the Admiral shares distributed capital gains in...
by ribonucleic
Sat Jun 29, 2019 11:10 am
Forum: Investing - Theory, News & General
Topic: Vanguard Institutional Shares distributing capital gains that Admiral Shares don't?
Replies: 3
Views: 671

Vanguard Institutional Shares distributing capital gains that Admiral Shares don't?

Total Stock Market Index Fund Institutional Shares (VITNX) - expense ratio: 0.03% Total Stock Market Index Fund Admiral Shares (VTSAX) - expense ratio: 0.04% Per this thread, not worth fussing over either way: https://www.bogleheads.org/forum/viewtopic.php?t=134751 However... In 2018, VITNX distribu...
by ribonucleic
Thu Jun 27, 2019 12:39 pm
Forum: Investing - Theory, News & General
Topic: What correlation to expect between 4-Week Treasury rate and Total Bond Market yield?
Replies: 6
Views: 484

Re: What correlation to expect between 4-Week Treasury rate and Total Bond Market yield?

Why are you comparing such vastly different durations? If that makes it an apples-and-oranges situation, then I guess the answer is "there would be no correlation". But I'm assuming that if short-term Treasury yields go down, FXNAX (holding more than 40% Treasuries) would have to go down at least s...
by ribonucleic
Thu Jun 27, 2019 12:27 pm
Forum: Investing - Theory, News & General
Topic: What correlation to expect between 4-Week Treasury rate and Total Bond Market yield?
Replies: 6
Views: 484

What correlation to expect between 4-Week Treasury rate and Total Bond Market yield?

On May 31, 2019, the 4-Week Treasury Bill yielded 2.35%. On the same day, Fidelity U.S. Bond Index Fund (FXNAX) posted a 30-day yield of 2.79%. If the T-Bill yield goes down by, say, half, what corresponding change to the FXNAX yield might one expect? Also down by half? More? Less? And how long woul...
by ribonucleic
Wed Jun 26, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Ally savings acct lowers rate by 10 bps to 2.1%
Replies: 40
Views: 5956

Re: Ally savings acct lowers rate by 10bp to 2.1%

The 4 Week T-Bill is down 25bp in the last three weeks.
by ribonucleic
Wed Jun 26, 2019 11:01 am
Forum: Personal Investments
Topic: What Allocation of International for Portfolio
Replies: 9
Views: 1012

Re: What Allocation of International for Portfolio

You'll find passionate arguments for everything from 0% to 50%.

I diversify among the opinions by going with 25%.
by ribonucleic
Tue Jun 25, 2019 2:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer private equity investments? Thoughts?
Replies: 70
Views: 7696

Re: Vanguard to offer private equity investments? Thoughts?

Tycoon wrote:
Sun Jun 23, 2019 7:25 am
I'm indifferent about the offering. I'm am starting to question Vanguard's business plan.
And this isn't the first Vanguard news that suggests to me that they may be taking their eyes off their knitting.
by ribonucleic
Sat Jun 22, 2019 8:03 am
Forum: Personal Investments
Topic: Suggested instruments for ex US AAA government debt?
Replies: 0
Views: 149

Suggested instruments for ex US AAA government debt?

Despite the general coolness towards international bonds hereabouts, I still like the idea of diversifying AAA government debt beyond that managed by the wise men in Washington. Unless my search skills have deteriorated, this appears to be much more difficult than I expected. Something like XACT Swe...
by ribonucleic
Fri Jun 21, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1096
Views: 130430

Re: Fidelity as a one stop shop

2) Can the CMA be set so that any money market fund it holds is not automatically tapped to satisfy a demand on the FDIC account? 3) Is a customer-initiated transfer within the CMA from a money market fund it holds to the FDIC account completed instantly? (As it seems an overdraft would be?) The Fi...
by ribonucleic
Thu Jun 20, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1096
Views: 130430

Re: Fidelity as a one stop shop

I think I know the answers to these 3 questions, but I'd like someone to check my work. 1) According to the Wiki, a Cash Management Account alone (with no brokerage account)... "Can buy MM funds, ETF, MFs;" Does that include both Fidelity money market funds (i.e. FDLXX) and outside mutual funds (i.e...
by ribonucleic
Fri May 31, 2019 6:55 pm
Forum: Personal Investments
Topic: Adventures in Paranoia: Fidelity core positions
Replies: 3
Views: 617

Re: Adventures in Paranoia: Fidelity core positions

The funds own the Treasuries underlying the repo agreements until the seller buys them back again at the end of the term (and the market value of the collateral for a repo should be higher than the amount of cash borrowed). If the seller never comes back, the fund has gotten Treasuries out of the d...
by ribonucleic
Fri May 31, 2019 6:16 pm
Forum: Personal Investments
Topic: Adventures in Paranoia: Fidelity core positions
Replies: 3
Views: 617

Adventures in Paranoia: Fidelity core positions

Opening a Fidelity account automatically establishes a core position, used for processing cash transactions and for holding uninvested cash. ... What are the investment options for my core position? Non-retirement accounts Fidelity Government Money Market Fund (SPAXX), a taxable money market mutual...
by ribonucleic
Thu May 30, 2019 3:18 pm
Forum: Personal Investments
Topic: Multiple municipal bond funds with different terms for diversification?
Replies: 9
Views: 1013

Multiple municipal bond funds with different terms for diversification?

I would be surprised if this hasn't been discussed before. So I suspect that my not finding it is a failure of my search-fu. If so, I apologize in advance. These are Vanguard's tax-exempt US bond funds (Admiral Shares) and the number of bonds they hold. Short-Term (VWSUX) : 2,324 Limited-Term (VMLUX...
by ribonucleic
Sat Oct 20, 2018 12:18 pm
Forum: Investing - Theory, News & General
Topic: Protecting large sums of cash.
Replies: 30
Views: 4290

Re: Protecting large sums of cash.

About three weeks prior I had done a push ACH from another bank to WaMu. They would not show the funds as available and the phone rep said it was their policy to hold them for five days (even on push ACH's). I finally got exasperated and asked, "You know why your bank is paying such high interest d...
by ribonucleic
Sat Oct 20, 2018 9:11 am
Forum: Personal Investments
Topic: “The Worst Kind of Bear Market”
Replies: 23
Views: 4880

“The Worst Kind of Bear Market”

(apologies if anyone else posted this in the last 4 days) ... government bonds experienced a real bear market which lasted 5 decades, almost four times as long as the worst one in the stock market. https://awealthofcommonsense.com/2018/10/the-worst-kind-of-bear-market/ This has made me reconsider th...
by ribonucleic
Thu Mar 01, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: New Vanguard Security Code Requirement [2FA: Two-factor authentication]
Replies: 203
Views: 20500

Re: Two- Factor Authentication at Vanguard - Update

It's worth using. Just remember that it's not a panacea. In most cases, the problem isn’t two-factor itself, but everything around it. If you can break through anything next to that two-factor login — whether it’s the account-recovery process, trusted devices, or the underlying carrier account — the...
by ribonucleic
Wed Feb 28, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: Longest inflation-adjusted slump for US stocks?
Replies: 5
Views: 659

Longest inflation-adjusted slump for US stocks?

I apologize if this has been asked before. I wasn't sure how to phrase it for a forum search. What is the longest the US stock market in general (or the S&P 500 in particular) has taken to recover from a slump in inflation-adjusted terms ? For example, using completely made-up numbers: If the market...
by ribonucleic
Thu Feb 22, 2018 11:03 am
Forum: Investing - Theory, News & General
Topic: Is 0.46% more after-tax yield enough to justify muni risk?
Replies: 9
Views: 1296

Is 0.46% more after-tax yield enough to justify muni risk?

The standard advice is to choose tax-exempt bond funds for taxable accounts. I'm not convinced yet. Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) - SEC yield: 2.91% After (new) top federal tax rate of 37%: 1.83% Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) - SEC y...
by ribonucleic
Wed Feb 21, 2018 1:43 pm
Forum: Personal Investments
Topic: Current Vanguard password practices?
Replies: 39
Views: 3949

Re: Current Vanguard password practices?

From a human engineering point of view, studies have shown that that left to their own devices, people forced to make regular password changes will tend towards weaker passwords ... IF they have to create and remember these passwords in their heads. But it's the "creating and remembering in the hea...
by ribonucleic
Tue Feb 20, 2018 6:38 pm
Forum: Personal Investments
Topic: Current Vanguard password practices?
Replies: 39
Views: 3949

Re: Current Vanguard password practices?

Other password testers will tell you the entropy, redundency, and general overall strength In one of his podcasts, the Steve Gibson I mentioned made an interesting point... He asserted that, once one evades a dictionary attack and the hacker has to rely on brute force, the degree of entropy in the ...
by ribonucleic
Tue Feb 20, 2018 6:02 pm
Forum: Personal Investments
Topic: Current Vanguard password practices?
Replies: 39
Views: 3949

Re: Current Vanguard password practices?

Who exactly is grc? What assurance do we have that they don't put every password they generate into the password cracking dictionary? What assurance do we have that their web site is secure, and can't be hacked to do the above? If you want secure random passwords do the random yourself, privately. ...
by ribonucleic
Tue Feb 20, 2018 4:29 pm
Forum: Personal Investments
Topic: Current Vanguard password practices?
Replies: 39
Views: 3949

Re: Current Vanguard password practices?

It seems a brute force attack would involve many attempts to log in until the correct password is found. However, Vanguard will lock an account after a small number of incorrect attempts. So, why is there concern about a brute force attack? Similarly, why is a complex password needed as long as the...
by ribonucleic
Tue Feb 20, 2018 1:43 pm
Forum: Personal Investments
Topic: Current Vanguard password practices?
Replies: 39
Views: 3949

Re: Current Vanguard password practices?

you can require security codes for both recognized and unrecognized devices if you're paranoid like me. Sophisticated dictionary attacks are now being augmented with the power of machine learning. http://www.sciencemag.org/news/2017/09/artificial-intelligence-just-made-guessing-your-password-whole-...
by ribonucleic
Tue Feb 20, 2018 12:29 pm
Forum: Personal Investments
Topic: Current Vanguard password practices?
Replies: 39
Views: 3949

Current Vanguard password practices?

The previous threads look old enough to be outdated by now. So I'm asking:

- what is the current character limit on passwords?
- which symbols can be used?
- is two-factor authentication available?
by ribonucleic
Mon Jul 03, 2017 9:40 am
Forum: Investing - Theory, News & General
Topic: China opens bond market to foreign investors
Replies: 0
Views: 580

China opens bond market to foreign investors

China will allow foreign investors direct access to its massive bond market from Monday, the Chinese central bank said. A platform allowing one-way "northbound" investments from Hong Kong into the Chinese bond market will go into "experimental operation" on July 3, the People's Bank of China and th...
by ribonucleic
Mon Apr 24, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 94
Views: 18590

Re: Ally Bank - Savings Account Rate Increased!

Fine print would have me worried a bit... Rates subject to change without notice Same as everywhere else. Ally sez: Our Annual Percentage Yield (APY) is accurate as of 04/24/2017. Keep in mind, this rate is variable and may change after the account is opened. https://www.ally.com/bank/online-saving...
by ribonucleic
Mon Apr 24, 2017 11:18 am
Forum: Personal Investments
Topic: Best Place to Park Over $1m in Cash
Replies: 28
Views: 4693

Re: Best Place to Park Over $1m in Cash

Is it a certainty that Vanguard will immediately process a seven-figure purchase order - even for a money market fund?
by ribonucleic
Wed Apr 19, 2017 3:14 pm
Forum: Investing - Theory, News & General
Topic: Ally Bank Just Raised 5yr CD to 2.25%
Replies: 28
Views: 5363

Re: Ally Bank Just Raised 5yr CD to 2.25%

Nice.

I hope they follow suit with their Online Savings account. 1.00% isn't as competitive as it used to be.
by ribonucleic
Wed Apr 12, 2017 12:40 pm
Forum: Investing - Theory, News & General
Topic: NBC News: First Pot-Focused Fund Lets Americans Legally Invest In Hot Biz
Replies: 13
Views: 2484

Re: NBC News: First Pot-Focused Fund Lets Americans Legally Invest In Hot Biz

I know a couple folks who would never invest in an "evil tobacco company" who are anxious to invest in legal pot. If they are invested in any of the major indexes, they are invested in Big Pharm - which has been instrumental in creating the opioid epidemic that killed 52,000 Americans last year - m...
by ribonucleic
Tue Apr 11, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: Vanguard leaves crumbs for active fund managers
Replies: 26
Views: 4875

Re: Vanguard leaves crumbs for active fund managers

I don't mind having a chunk at Schwab. Diversification recommended in this too? Could be. This persuaded me it would be unnecessary. https://www.bogleheads.org/wiki/Vanguard_safety Like the possibility of US Treasury bonds defaulting, if it gets to the point where the Dreaded Thing happens, you'll ...
by ribonucleic
Tue Apr 11, 2017 12:29 pm
Forum: Personal Investments
Topic: Breaking up with my Financial Advisor
Replies: 56
Views: 6920

Re: Breaking up with my Financial Advisor

It will be much easier if you don't view it as a "break up." +1. To employ my favorite quote from The Godfather: Part II : This is the business he has chosen. Look at it this way. He certainly wouldn't remain in a business relationship with you if he perceived it to be detrimental to his interests....
by ribonucleic
Tue Apr 11, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 15900

Re: You can never go "home" - retirement

PoppyA wrote:Like many people, I long for the city I grew up in.
Be careful to distinguish between a longing for the place where you were young and a longing for the time when you were young.

They are easily confused. And one is recoverable while the other is not.
by ribonucleic
Mon Apr 10, 2017 5:30 pm
Forum: Personal Investments
Topic: Vanguard vs fidelity & sp500 vs total market?
Replies: 12
Views: 2147

Re: Vanguard vs fidelity & sp500 vs total market?

Also: The 500 companies included in the S&P 500 are selected by the S&P Index Committee, a team of analysts and economists at Standard & Poor's. These experts consider various factors when determining the 500 stocks that are included in the index, including market size, liquidity and industry groupi...
by ribonucleic
Mon Apr 10, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Article--Money Funds Yielding Over 1.​0 Percent Makes News; More Coming Soon
Replies: 21
Views: 3783

Re: Article--Money Funds Yielding Over 1.​0 Percent Makes News; More Coming Soon

Redneck Bank already gives me 1.25% on deposits, with two features that money funds lack -- FDIC insurance, and more importantly, a debit card with a picture of a horse on it! Looks like they cap deposits at $35,000. GS Bank [Goldman Sachs] is paying 1.05% on deposits up to $250,000. But their card...
by ribonucleic
Mon Apr 10, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term budgeting for health insurance premiums: Percentage increase?
Replies: 3
Views: 541

Long-term budgeting for health insurance premiums: Percentage increase?

Assuming that the Obamacare marketplace experiences no radical upheavals, how much would one conservatively (i.e. pessimistically) budget for future annual increases in the cost of insurance premiums?

I'm currently ballparking it at 10%.
by ribonucleic
Mon Apr 10, 2017 7:44 am
Forum: Investing - Theory, News & General
Topic: Vanguard Int'l Dividend Fund
Replies: 18
Views: 3955

Re: Vanguard Int'l Dividend Fund

dkturner wrote:International value is hardly a "niche".
Are there any meaningful differences when evaluating international value vs domestic value? Might currency risk enter into it somehow?
by ribonucleic
Wed Apr 05, 2017 7:47 am
Forum: Investing - Theory, News & General
Topic: Apple breaks its silence
Replies: 24
Views: 5200

Re: Apple breaks its silence

How is this actionable? For index investing, it isn't. But as a recent thread confirmed, a few here do experiment with individual stocks. For them, this could be a Buy or Sell signal - depending on how one interprets it. FWIW, I don't know if creative professionals, who have already been waiting fo...
by ribonucleic
Tue Apr 04, 2017 3:01 pm
Forum: Investing - Theory, News & General
Topic: Apple breaks its silence
Replies: 24
Views: 5200

Apple breaks its silence

Let’s say you’re Apple. You’re faced with the following problem. Three years ago you launched a radical new lineup of Mac Pros. For multiple reasons, you haven’t shipped an update to those machines since. At some point you came to the conclusion that the 2013 Mac Pro concept was fundamentally flawe...
by ribonucleic
Tue Apr 04, 2017 10:50 am
Forum: Investing - Theory, News & General
Topic: Foolish question about VT [Vanguard Total World Stock]
Replies: 10
Views: 1679

Re: Foolish question about VT [Vanguard Total World Stock]

I don't know the answer to your question, but I do know that Google Finance isn't the place you want to get your data (because financial advisors don't use Google Finance, you shouldn't either). Use Vanguard or Morningstar or Bloomberg. A professional chef wouldn't use my cheap kitchen knives, but ...
by ribonucleic
Mon Apr 03, 2017 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Please check my AMT understanding
Replies: 9
Views: 1520

Re: Please check my AMT understanding

For bonus points: How might this person handle their estimated tax payments without having to fire up Tax-O-Matic every three months? Are we talking about someone filing single ("this person") or MFJ ("their")? Sorry about that. I had filing single in mind. The plural possessive pronoun was in the ...