Search found 164 matches

by GLState
Sun Jun 23, 2019 1:53 pm
Forum: Investing - Theory, News & General
Topic: and ETF of ETFs?
Replies: 7
Views: 712

Re: and ETF of ETFs?

for bonds .... Vanguard Total World Bond ETF (BNDW) . VT (World Stock) & BNDW(World Bond)

Vanguard Life Strategy or Target Retirement funds hold indexed US and Int'l Stocks and Bonds ... though they are not available as ETFs.
by GLState
Sat Jun 22, 2019 12:05 pm
Forum: Personal Investments
Topic: understanding S&P 600 risk
Replies: 4
Views: 900

Re: understanding S&P 600 risk

If you're just using past performance to pick funds, small cap value as an asset class, since 1972, has a much greater return, along with a smaller standard deviation, than small cap blend. Also Large Value has beaten Total Market since '72. But... it would have been hard to invest in small cap valu...
by GLState
Tue Jun 18, 2019 7:31 pm
Forum: Personal Investments
Topic: Roth IRA portfolio ideas
Replies: 12
Views: 1069

Re: Dividend investing/ allocation

Only totals to 95%. SPHD only holds 50 stocks. 40 (80%) of those are also in VYM. VIG holds 184 stocks ... 61 (33%) of those are in VYM. You're looking at funds with quite a bit of overlap.
by GLState
Mon Jun 17, 2019 12:54 pm
Forum: Personal Investments
Topic: Dump FTCOX for 4-fund or just some? When is best?
Replies: 2
Views: 191

Re: Dump FTCOX for 4-fund or just some? When is best?

FTCOX A shares have a 5.5% load. Even without taking the 5.5% load into account, the A shares have not performed as well as an 80 % US / 20% International portfolio of Vanguard S&P 500 / Total International over the last 1 year, 3 years, 5 years and 10 years. Life Strategy Growth has a larger alloca...
by GLState
Sat Jun 15, 2019 10:55 am
Forum: Personal Investments
Topic: Vanguard Dividend ETF Offerings: VIG, VYM, VYMI
Replies: 7
Views: 878

Re: Vanguard Dividend ETF Offerings: VIG, VYM, VYMI

According to Morningstar, VIG (Dividend Appreciation ETF) has a 12 month yield of 1.98% vs VOO (S&P500) 2.02% and VTI (Total Market) 2.00%. Vanguard's Value ETF (VTV) has a 12 month yield of 2.69%. The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is popular among those who like Dividend strateg...
by GLState
Tue Jun 11, 2019 4:20 pm
Forum: Personal Investments
Topic: Paul Merriman UBH vs Vanguard Mkt Cap model
Replies: 22
Views: 1793

Re: Paul Merriman UBH vs Vanguard Mkt Cap model

If you click on one of the portfolios, you will be taken to a list of the portfolio's components and recent returns along with the "as of" date.
by GLState
Tue Jun 11, 2019 4:09 pm
Forum: Personal Investments
Topic: why are Small Caps falling?
Replies: 113
Views: 9390

Re: why are Small Caps falling?

Will, I understand your point of view and agree that we can learn from the past. But, I have a problem with examples that go too far ... S&P 500 since 1927, for example https://www.macrotrends.net/2324/sp-500-historical-chart-data. They seem to know that the S&P 500 would exist 50 years in the futur...
by GLState
Tue Jun 11, 2019 3:07 pm
Forum: Personal Investments
Topic: why are Small Caps falling?
Replies: 113
Views: 9390

Re: Why are Small Caps falling?

You might want to read a few authors in addition to Paul Merriman. Merriman seems to prefer portfolios with a lot funds (Ultimate Buy and Hold), and these portfolios haven't performed any better than simpler portfolios (Total Stock, Total International, and Total Bond). I don't know what measure(s)...
by GLState
Tue Jun 11, 2019 9:54 am
Forum: Personal Investments
Topic: why are Small Caps falling?
Replies: 113
Views: 9390

Re: Why are Small Caps falling?

VTSAX (Vanguard Total Stock Market) HAS captured the market value of Small and Mid cap returns. Actually it hasn't. If you backtest VTSMX vs VFINX starting from 1993 the ending balance is within a hair of each other as well as Annual Standard deviation. That isn't what I call capturing returns of S...
by GLState
Mon Jun 10, 2019 9:45 am
Forum: Personal Investments
Topic: ETF expense ratio vs performance
Replies: 6
Views: 612

Re: ETF expense ratio vs performance

According to Morningstar's Style Map, IHI contains much larger companies than XHE. IHI has 50% of its holdings in the top 5 companies. The difference in the components seems more important than the slight difference in expenses. XHE is likely more "different" than investing in a more general Health ...
by GLState
Thu Jun 06, 2019 6:29 am
Forum: Investing - Theory, News & General
Topic: Large cap tilt?
Replies: 9
Views: 573

Re: Large cap tilt?

yes. people investing in sp500 funds are basically large cap tilting. sp500 only covers 80% of total market. there is significant performance difference between the two. If you use VTSMX (the investor shares of Total Market) instead of VTSAX, you'll see that there is little difference between S&P 5...
by GLState
Tue May 28, 2019 6:44 am
Forum: Personal Investments
Topic: Has anyone done well with value investing?
Replies: 11
Views: 1352

Re: Has anyone done well with value investing?

Value investing has done "well", just not as well as Blend or Growth over the past 10 years. Use PortfolioVisualizer's Backtest Portfolio Asset Class Allocation to compare the returns of Growth, Blend, and Value Portfolios beginning 1972. Spoiler: a 1/3 allocation to LV, MV, SV handily beats Blend o...
by GLState
Sun May 26, 2019 10:58 am
Forum: Personal Investments
Topic: VTSAX CAGR vs Weight portfolios (VFIAX:VIMAX:VTMSX) returns & volatility
Replies: 2
Views: 236

Re: VTSAX CAGR vs Weight portfolios (VFIAX:VIMAX:VTMSX) returns & volatility

1: All three of your portfolios had drawdowns greater than 50% during 2008. If you held these portfolios during the Great Depression, you likely would have experienced drawdowns of 80-90%. It is impossible to know which assets and allocations will provide "every ounce of gain" in the future. It is n...
by GLState
Sun May 26, 2019 8:28 am
Forum: Personal Investments
Topic: Dividend Growth Fund VDIGX
Replies: 14
Views: 1980

Re: Dividend Growth Fund VDIGX

The OP mentioned that VDIGX returned about 14%. They weren't considering Drawdowns, Sharpe, or Sortino ratios. If we only wanted high Sharpe ratios, we'd be in savings accounts. Since 2009, VDIGX had "good" years (beat the S&P500 and Total Market returns) in 2011, 2015, and 2018. VDIGX owns 41 stock...
by GLState
Sat May 25, 2019 8:05 am
Forum: Personal Investments
Topic: Portfolio Modeling Software
Replies: 8
Views: 782

Re: Portfolio Modeling Software

That makes total sense! A follow up to this: I've run my current actively managed portfolio through PortfolioVisualer.com and compared it to a handful of the pre-loaded portfolio allocations and looked at the 20 year historically. What I found: My current portfolio seems to have mostly performed sl...
by GLState
Wed May 22, 2019 7:35 am
Forum: Investing - Theory, News & General
Topic: Regression to the Mean - and our money
Replies: 16
Views: 1600

Re: Regression to the Mean - and our money

Yes, by investing in index funds, we get the market return less low expenses. The average active investor gets the market return less higher expenses. Active investors pay more to attempt to "beat the market".
by GLState
Wed May 22, 2019 7:06 am
Forum: Investing - Theory, News & General
Topic: Regression to the Mean - and our money
Replies: 16
Views: 1600

Re: Regression to the Mean - and our money

Regression to the mean doesn't imply that someday hamburger will cost more than prime rib. However, if hamburger is extremely expensive this week (compared to its average price), it is likely to be cheaper the following week. Index investors enjoy a near market return, not an extreme return. Index f...
by GLState
Wed May 15, 2019 11:28 am
Forum: Personal Investments
Topic: Help my broker is trying to freak me out
Replies: 94
Views: 13932

Re: Help my broker is trying to freak me out

[/quote] Thank you for this. I plan to sell international funds, did not list them here, into international such as VUSTX, and us funds into voo or similar. I agree about not selling all at once but some funds have fees close to or at 1% which will hurt over time. [/quote] VUSTX is Vanguard Long-Ter...
by GLState
Thu May 02, 2019 9:42 am
Forum: Personal Investments
Topic: 3 Fund Vs. Target Date 401K Dilemma
Replies: 21
Views: 2224

Re: 3 Fund Vs. Target Date 401K Dilemma

A tinkerer is just as apt to tinker with All-In-One funds (Target Date, Life Strategy, Balanced) as they are with a 3 fund portfolio. A tinkerer may decide they want a Target Date 2040 fund rather the a 2030 to get a higher allocation to stocks when times are good and go to a nearer target date with...
by GLState
Wed Feb 20, 2019 8:57 am
Forum: Personal Investments
Topic: How do you handle Three-Fund Purchases without Partial Shares?
Replies: 17
Views: 921

Re: How do you handle Three-Fund Purchases without Partial Shares?

As an additional point for me to research, if I do decide to switch to mutual funds - I'd probably opt for Vanguard's. I noticed that some of the optimal three fund choices are discontinued to new investors. What are the new optimal offerings? The optimal three fund choices that you see as disconti...
by GLState
Tue Feb 19, 2019 8:22 am
Forum: Personal Investments
Topic: How do you handle Three-Fund Purchases without Partial Shares?
Replies: 17
Views: 921

Re: How do you handle Three-Fund Purchases without Partial Shares?

With a mutual fund, we can buy partial shares. Mutual funds are easy to automate... contribute 101.35 each week, month, or whatever. Before retirement, I was at busy at work when the market was open. Automating mutual fund purchases was ... and still is ... a great option. I didn't know or care what...
by GLState
Sat Dec 22, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: Does anyone remember window/DOS batch file scripts?
Replies: 24
Views: 2429

Re: Does anyone remember window/DOS batch file scripts?

Thanks for the effort but, I need to ask, what benefit will the ecobee community get by having this script? The vast majority of users, I am one, just need the basic info provided by using the online data. In the Home IQ System Monitor the info here is more than enough to tweak the system to our li...
by GLState
Sat Dec 22, 2018 9:54 am
Forum: Personal Consumer Issues
Topic: Does anyone remember window/DOS batch file scripts?
Replies: 24
Views: 2429

Re: Does anyone remember window/DOS batch file scripts?

If your data is in a csv file (comma separated values), it should be easy to read into Excel. Your data is a time series, so you probably don't want to throw out adjacent data simply because it hasn't changed ... your data points and graphs will have varying amounts of time from one data point to th...
by GLState
Fri Sep 14, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: Simba Backtesting Healthcare fund
Replies: 3
Views: 331

Re: Simba Backtesting Healthcare fund

Using Portfolio Visualizer:

Vanguard Health Care Inv (VGHCX)
$10,000 Initial Amt.

Jan 1986 - Dec 2017
Final Balance $1,573,378
Inflation Adjusted $670,323
CAGR 16.57%
Stdev 14.12%
Best Year 60.56%
Worst Year -18.45%
Max Drawdown -33.17%
Sharpe Ratio 0.93
by GLState
Mon Aug 27, 2018 11:53 am
Forum: Personal Investments
Topic: Little love for Small and Mid Cap ETFs in a "minimalist" portfolio?
Replies: 18
Views: 1005

Re: Little love for Small and Mid Cap ETFs in a "minimalist" portfolio?

This thread does not strike me as a "I'm creating a portfolio" thread. It seems to be a "small caps have done well in the past, why buy anything else" thread. The OP is attracted to IJR because it is "up 25% this year". Perhaps, I've misunderstood the OP's intent. Most here have a market allocation ...
by GLState
Mon Aug 27, 2018 11:31 am
Forum: Personal Investments
Topic: Little love for Small and Mid Cap ETFs in a "minimalist" portfolio?
Replies: 18
Views: 1005

Re: Little love for Small and Mid Cap ETFs in a "minimalist" portfolio?

Portfolio Visualizer... from Jan 1972 to July 2018 ................... CAGR ..... StdDev ..... SharpeRatio Total Market.... 10.42 ...... 15.32 ........ 0.43 Small Cap....... 11.93 ...... 19.25 ........ 0.45 Small Value..... 14.33 ...... 17.70 ........ 0.59 Notice the Sharpe Ratios for Total Market a...
by GLState
Mon Aug 27, 2018 10:53 am
Forum: Personal Investments
Topic: Little love for Small and Mid Cap ETFs in a "minimalist" portfolio?
Replies: 18
Views: 1005

Re: Little love for Small and Mid Cap ETFs in a "minimalist" portfolio?

Small Caps are getting a lot of attention this year because they are doing well. Remember all of the posts last year about adding International & Emerging Markets when they were doing well. Look back in discussions and you'll see times when Gold and REITs and GNMAs were hot topics. Chasing stocks, s...
by GLState
Mon Aug 27, 2018 10:13 am
Forum: Personal Investments
Topic: Little love for Small and Mid Cap ETFs in a "minimalist" portfolio?
Replies: 18
Views: 1005

Re: Little love for Small and Mid Cap ETFs in a "minimalist" portfolio?

I like to do these asset class comparisons with actual funds or ETFs. I don't know what PortfolioVisualizer is using for asset classes, but ... we can't buy indexes. We buy funds that have expenses and taxes. Also there are many discussions here that say small cap fund X contains too many mid-caps t...
by GLState
Sat Aug 25, 2018 8:31 am
Forum: Personal Investments
Topic: Basic Question
Replies: 6
Views: 578

Re: Basic Question

Jack Vogle is at Alpha Architect...https://alphaarchitect.com/user/jack.vogel%2c.phd/ . He's been a guest on the Meb Faber podcast.

By holding Value and Growth you've created a Blend with a slight tilt to value. It likely won't perform significantly better or worse than Total Stock Market.
by GLState
Sat Aug 25, 2018 8:26 am
Forum: Personal Investments
Topic: Is Treasury Direct worth the hassle?
Replies: 52
Views: 6337

Re: Is Treasury Direct worth the hassle?

It is easy to open a Treasury Direct account, to fund it, and get your money out. Open an account to learn if it is "worth it" for you. IMO, Ibonds are a great investment, but with an limit of $10,000 / year, it is hard to make IBond's a significant factor in our total portfolio. I didn't find Treas...
by GLState
Mon Aug 20, 2018 7:59 am
Forum: Personal Investments
Topic: VTSAX minimum vs IRA maximum
Replies: 9
Views: 892

Re: VTSAX minimum vs IRA maximum

You could buy the ETF (symbol VTI) or VTSMX (Investor Share Class with a $3000 minimum)
by GLState
Fri Aug 10, 2018 9:02 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 98
Views: 11620

Re: The Bigger Story: Fidelity Expense Ratios

I always find it puzzling here there are advocates for low expenses, until someone beats vanguard. Sort of like the complaints about customer service from all sorts of places (airlines, etc.), except when it comes to vanguard. It seems strange onjectively. Kudos to fidelity for lowering expenses. P...
by GLState
Sun Jul 22, 2018 11:33 am
Forum: Personal Investments
Topic: Where to go next? 24, grad student, pepsi, roth etc
Replies: 45
Views: 3071

Re: Where to go next? 24, grad student, pepsi, roth etc

Randy ... I've noticed your posts since your first. You're up to 128 and they all are concerned with where to put your money and what to do with your Pepsi. You've had many great suggestions on investments. You don't need to invest in something different each year or each time you receive new dolla...
by GLState
Sun Jul 22, 2018 11:24 am
Forum: Personal Investments
Topic: Where to go next? 24, grad student, pepsi, roth etc
Replies: 45
Views: 3071

Re: Where to go next? 24, grad student, pepsi, roth etc

Randy ... I was 24 a long time ago.IMO, one of the beauties of mutual funds or ETFs is that we don't have to be concerned if PEP is "doing well" or not. We don't care if they bought a snack food company. We don't have to read annual reports. We don't have to search to see how our stocks are rated or...
by GLState
Sun Jul 22, 2018 11:11 am
Forum: Personal Investments
Topic: Where to go next? 24, grad student, pepsi, roth etc
Replies: 45
Views: 3071

Re: Where to go next? 24, grad student, pepsi, roth etc

If PEP had your $90 they would invest in their business, likely at a much higher return than you would get by putting in the bank or spending it. We invest in companies because they can earn a high rate of return. The dividend is pulling money out of a company. The total return charts that you see o...
by GLState
Sun Jul 22, 2018 10:57 am
Forum: Personal Investments
Topic: Where to go next? 24, grad student, pepsi, roth etc
Replies: 45
Views: 3071

Re: Where to go next? 24, grad student, pepsi, roth etc

Randy ... I've noticed your posts since your first. You're up to 128 and they all are concerned with where to put your money and what to do with your Pepsi. You've had many great suggestions on investments. You don't need to invest in something different each year or each time you receive new dollar...
by GLState
Sun Jul 22, 2018 10:21 am
Forum: Personal Investments
Topic: Where to go next? 24, grad student, pepsi, roth etc
Replies: 45
Views: 3071

Re: Where to go next? 24, grad student, pepsi, roth etc

As was posted previously ... dividends are not "free money" to you or Pepsi. Dividends subtract from the value of the company. The value of Pepsi will drop by the amount of the dividend. Pepsi will have $90 less cash because they pay you a dividend.
by GLState
Fri Jul 06, 2018 9:56 am
Forum: Investing - Theory, News & General
Topic: Active Management Justification
Replies: 33
Views: 2284

Re: Active Management Justification

MGIAX has a 5.75% load. Loads are never included in the graphs. Ask to see returns after taking the load into account ... 1, 3, 5, and 10 year total returns. Next year, your broker will have another hot pick for your investment dollars. Was you broker recommending buying this fund 10 years ago? http...
by GLState
Tue May 15, 2018 7:41 am
Forum: Personal Investments
Topic: Three fund portfolio performance
Replies: 31
Views: 6670

Re: Three fund portfolio performance

One (or two) year(s) is not enough time to evaluate a portfolio. Vanguard Advisors will provide you with a good portfolio as will a three fund, four fund, Target Date fund, Life Strategy, etc. Trying to pick "the best" based on 1 year's data will start you down the path of buying past year's "winner...
by GLState
Tue May 15, 2018 7:01 am
Forum: US Chapters
Topic: How did you fall in love with investing?
Replies: 49
Views: 3979

Re: How did you fall in love with investing?

I've never been "in love" with investing. I find the financial world interesting. You're in the puppy love stage. Investing is new and everything has gone right so far. You have to get to the point where you take investing for better, for worse, for richer, for poorer, in sickness and in health, til...
by GLState
Sun May 13, 2018 10:36 am
Forum: Personal Investments
Topic: Three fund portfolio performance
Replies: 31
Views: 6670

Re: Three fund portfolio performance

The OP would also have to consider their investment schedule. Before the runup of the past few days, it would be possible to show a portfolio loss if contributions were small for 2016 and 2017 in comparison to the 2018 contribution. But, if the OP invested a lump sum in May 2016 or an equal investme...
by GLState
Sat May 12, 2018 6:30 am
Forum: Personal Investments
Topic: Just started a summer job. Should i start using them for their 401k?
Replies: 27
Views: 2075

Re: Just started a summer job. Should i start using them for their 401k?

I did see something under "eligibility" i didnt quite understand and this is it "To be eligible to receive a company match, you must be employed with Darden for one year (and have worked 1,000 hours)." does this mean to even do the 401k i need to be there a year? The "eligibility" note means you wo...
by GLState
Sun Mar 18, 2018 10:30 am
Forum: Personal Investments
Topic: Morningstar Performance Data
Replies: 9
Views: 1080

Re: Morningstar Performance Data

You're selecting funds based on past performance. When we buy a fund or stock, we are buying future performance, not the past. The SEC warns us that "past performance does not necessarily predict future results". https://www.sec.gov/fast-answers/answersmperfhtm.html Morningstar has found that expens...
by GLState
Sat Mar 17, 2018 1:34 pm
Forum: Personal Investments
Topic: Helping 20yr old son set up Roth
Replies: 27
Views: 2717

Re: Helping 20yr old son set up Roth

The suggestions are "hands off" funds, but, be warned... they may not perform "how he wants them to". These funds will go up and down as the markets they track go up and down. Get the Roth IRA opened. You can put the money in a money market fund within the Roth until you have a chance to learn what ...
by GLState
Tue Mar 13, 2018 3:01 pm
Forum: Personal Investments
Topic: Selling American Funds? (help, please)
Replies: 13
Views: 1644

Re: Selling American Funds? (help, please)

You can see the long term capital gains that BALFX has paid out on this Morningstar page (near the bottom left). http://www.morningstar.com/funds/XNAS/BALFX/quote.html Vanguard's Balanced Index hasn't paid out any long term capital gains in that period. As others have said it is hard to make suggest...
by GLState
Tue Mar 13, 2018 1:54 pm
Forum: Personal Investments
Topic: Selling American Funds? (help, please)
Replies: 13
Views: 1644

Re: Selling American Funds? (help, please)

The admiral share class of the Vanguard Balanced Index fund (VBIAX, 0.07% ER) would be a better choice than the Investor class (VBINX, 0.19%ER), You'd qualify for admiral shares with $10,000 investment. Your American Funds Balanced Fund has done well for you. I would prefer the lower expenses of the...
by GLState
Tue Mar 13, 2018 8:43 am
Forum: Personal Investments
Topic: Investor vs Admiral Shares
Replies: 14
Views: 3793

Re: Investor vs Admiral Shares

Is there any reason to buy investor shares when the ETF has the same expense ratio as the Admiral plus no minimum other than the price of a whole share? This morning I could put in an order for $3000 of Vanguard S&P 500 (VFINX). If I bought the EFT (VOO) this morning, with $3000, I could only buy $...
by GLState
Sun Mar 11, 2018 7:43 am
Forum: Investing - Theory, News & General
Topic: Investing spreadsheet or software?
Replies: 17
Views: 1965

Re: Investing spreadsheet or software?

If you're happy with your decades old Quicken, why not reinstall on your new computer. You have so many don't-want requirements that it'll be hard to find an alternative. Moneydance seems to be a popular Quicken replacement. http://moneydance.com/ Some use the sunset version of Microsoft Money. http...
by GLState
Tue Mar 06, 2018 9:03 am
Forum: Personal Investments
Topic: 14yr old son wants to invest
Replies: 20
Views: 1752

Re: 14yr old son wants to invest

Vanguard's Target Retirement 2060 fund would be a good choice for a long-term investment. It is 90% stock and 10% bond. The whole $1000 could be invested. But, a 14 year old is not going to find a Target "Retirement" fund very interesting. A Total Market or S&P 500 ETF would also be good choices for...
by GLState
Thu Feb 08, 2018 12:20 pm
Forum: Personal Investments
Topic: Why does my wife have this portfolio?
Replies: 32
Views: 4534

Re: Why does my wife have this portfolio?

Look at this from her point of view. You have a few men (they call themselves bogleheads :shock: ) on an internet forum that agree with your views. She has an adviser that she know and trusts. Tell her you've seen the light and you're now a boglehead...see how that goes. And ... her portfolio might ...