Search found 5401 matches

by stlutz
Thu Nov 21, 2019 3:03 am
Forum: Personal Finance (Not Investing)
Topic: Auto insurance company pays less than 1/3rd of windshield damage
Replies: 18
Views: 991

Re: Auto insurance company pays less than 1/3rd of windshield damage

I would call a couple of glass places to get quotes on the cost to replace your windshield with OEM glass. Confirm at least that you were charged fairly by the dealer (who very well may have called a glass ship to do the work).
by stlutz
Wed Nov 20, 2019 11:38 pm
Forum: Personal Investments
Topic: Individual bond/ladder vs. bond fund/duration question
Replies: 19
Views: 597

Re: Individual bond/ladder vs. bond fund/duration question

Suppose you invested in the Stlutz Treasury Bond fund, which buys a 6 year treasury every year, holds for one year, and then sells. Rinse and repeat. Because a first-grader can manage the portfolio, the expense ratio is 0%. Suppose rates start at 2% and increase by 1% every year for 10 years. These ...
by stlutz
Sun Nov 17, 2019 12:26 am
Forum: Investing - Theory, News & General
Topic: Vanguard ETF EDV
Replies: 24
Views: 1595

Re: Vanguard ETF EDV

Can you please explain why it only has a duration of 20 years if it is a 30 year bond. Also what is a Strip? The most intuitive understanding of duration is that it is the average amount of time until cash flows from the bond are received (interest and principal). So, a 30 year bond will pay you th...
by stlutz
Sat Nov 16, 2019 1:51 am
Forum: Personal Investments
Topic: Ultra Short Term Treasury ETFs
Replies: 36
Views: 2663

Re: Ultra Short Term Treasury ETFs

How much in dollars does the 12 or 15 bps from the ETF cost you? If it matters you probably have too much in money market equivalents. Buy BIL or SHV and do something else with your weekend unless messing with individual bonds is something you want to do for entertainment. Disclosure:. I mess with i...
by stlutz
Fri Nov 15, 2019 9:30 pm
Forum: Personal Investments
Topic: If one is pessimistic about both stocks and bonds, does a SPIA make sense?
Replies: 64
Views: 3202

Re: If one is pessimistic about both stocks and bonds, does a SPIA make sense?

I'm not going to comment if it makes sense, but the gloomers and doomers over the last 10 years have missed out on the best bull market in their investment lifetime. I do notice on this forum that "gloom and doom" does tend to eminate most of those who have enough to worry mostly about return of ca...
by stlutz
Fri Nov 15, 2019 3:29 am
Forum: Personal Investments
Topic: If one is pessimistic about both stocks and bonds, does a SPIA make sense?
Replies: 64
Views: 3202

Re: If one is pessimistic about both stocks and bonds, does a SPIA make sense?

In the situation you are contemplating, *long-term* TIPS make the most sense. If you are looking to generate income to last you for the next 50 years, the duration of your TIPS holding should be 25 years. Remember that you have to worry more about real rates going down, not up. In a 1970s type scena...
by stlutz
Thu Nov 14, 2019 1:15 am
Forum: Personal Finance (Not Investing)
Topic: Buyer's agent commission refunds: Hungry Agents, Redfin, others?
Replies: 8
Views: 982

Re: Buyer's agent commission refunds: Hungry Agents, Redfin, others?

What do you need a buyer's agent for? Do you need advice when looking at a home? When you use Redfin, your agent doesn't actually look at the home with you. Another person will show up for the house tour. When I was searching for my home, my agent would let me decide whether I liked the floor plan w...
by stlutz
Wed Nov 13, 2019 1:38 am
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 174
Views: 11816

Re: Investing $140k in cash at 1k per week

We could have saved the OP a lot of time by pointing him to the "Final, Definitive" thread on this topic: viewtopic.php?t=132098 :D

(Note: the linked post was tongue in cheek, but note how much of it does get repeated, LOL!)
by stlutz
Mon Nov 11, 2019 1:37 am
Forum: Personal Investments
Topic: Questions about Fidelity Charitable DAF
Replies: 34
Views: 1914

Re: Questions about Fidelity Charitable DAF

One of the cool little things that FIdelity has is that when you are donating from shares held in our account, they will actually show you the holdings that have the lowest cost basis thus making it easy to maximize your tax benefit.
by stlutz
Mon Nov 11, 2019 1:28 am
Forum: Personal Investments
Topic: Is it a good time to transfer my inflation protected securities balance to the S&P 500
Replies: 20
Views: 1579

Re: Is it a good time to transfer my inflation protected securities balance to the S&P 500

First, just a suggested phrasing change: I have only 30k saved for retirement at age 51. House is only half paid for. You have what you have--sounds like you are moving forward in a very productive direction. I would propose a bit of a compromise with what the other posters have suggested: a) Arrive...
by stlutz
Sun Nov 10, 2019 9:08 pm
Forum: Personal Investments
Topic: What should the AA of a young retiree be?
Replies: 20
Views: 1591

Re: What should the AA of a young retiree be?

At that age with that relative lack of assets you need decent equity returns for it to work out. I'd say 75% stocks.

Spend some time over at the early retirement now blog.
by stlutz
Sun Nov 10, 2019 7:08 pm
Forum: Personal Investments
Topic: commodities
Replies: 4
Views: 354

Re: commodities

Just use gold. Super cheap ETFs are available and it's not subject to issues if contango in the futures market.
by stlutz
Sun Nov 10, 2019 1:08 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11246

Re: Saving seats on Southwest

This is one of those classic topics that generates a lot of anger on the internet that doesn't translate to real life. I fly SW a fair amount and I can't say that I've ever seen visible seat saving. SW has "family boarding" between the A&B boarding groups. Seems like the logical time for families to...
by stlutz
Thu Nov 07, 2019 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Free Turbotax 2019
Replies: 19
Views: 2945

Re: Fidelity Free Turbotax 2019

That is always one of the more entertaining threads of the year--everybody trying to figure out the formula for who gets free Turbotax from Fidelity.
by stlutz
Sat Nov 02, 2019 12:10 pm
Forum: Personal Investments
Topic: Did Short-Term Treasury Index Fund (VSBSX) issue a dividend Oct 2019?
Replies: 26
Views: 1766

Re: Did Short-Term Treasury Index Fund (VSBSX) issue a dividend Oct 2019?

Maybe I can redirect all distributions in the future to my money market at Vanguard and avoid this issue? It's not an "issue" per se. It's just the way their accounting system presents things. It will not have any tax impact because nothing was "sold". I think the way they handle it within their co...
by stlutz
Thu Oct 31, 2019 11:48 pm
Forum: Investing - Theory, News & General
Topic: 50 Year US Treasury Bond - who is taker?
Replies: 29
Views: 2681

Re: 50 Year US Treasury Bond - who is taker?

MotoTrojan wrote:
Thu Oct 31, 2019 11:13 pm

What would the duration of a 50 year nominal bond be? Would it not be quite similar to that of EDV? Maybe even less?
A 50 year bond yielding 3% would have a duration of about 26. So yeah, pretty much equal to EDV.
by stlutz
Wed Oct 30, 2019 8:22 pm
Forum: Personal Investments
Topic: How to keep Cost Basis on ETF swap?
Replies: 7
Views: 656

Re: How to keep Cost Basis on ETF swap?

And just to be clear, you can "convert" VG mutual funds shares to ETF shares with no tax impact. If you sold the mutual fund shares and bought the ETF, then you would owe tax on the sale now.
by stlutz
Tue Oct 29, 2019 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4136

Re: California Fires: Landlord/Tenant Question

I think the responses on this thread are somewhat reflective of the fact that people on BH are more likely to be landlords than renters. Is there a difference between: --There is a problem with a buried line entering the house that takes 10 days to fix. --There is a problem that causes the power to ...
by stlutz
Mon Oct 28, 2019 11:31 pm
Forum: Investing - Theory, News & General
Topic: The Gap Between Large and Small Companies Is Growing. Why?
Replies: 21
Views: 1950

Re: The Gap Between Large and Small Companies Is Growing. Why?

JoMoney wrote:
Mon Oct 28, 2019 9:49 pm
These things wax and wane over time.
Always amazing on this board the extent to which intermediate term trends are projected into the long term future.
by stlutz
Sat Oct 26, 2019 5:24 pm
Forum: Investing - Theory, News & General
Topic: BOSVX vs IJS for SCV Loading?
Replies: 55
Views: 1948

Re: BOSVX vs IJS for SCV Loading?

The trouble with taxable investing before you have a plan you can really stick with is that you get tax-trapped (via cap gains) into funds you wish you didn't have. This isn't always a bad thing. I'm not sure it's automatically true that my 40 year old self was less smart than my 50 year old self. ...
by stlutz
Fri Oct 25, 2019 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1210
Views: 150237

Re: Fidelity as a one stop shop

Just thought I would post what happened to me today. At about 8:30am this morning (MST) I put in a request at Fidelity to transfer $10K to my checking account at Ally. Based on previous experience, I figured I would see the money in my Ally account Monday, or Tuesday morning at the latest. I logged...
by stlutz
Fri Oct 25, 2019 8:07 pm
Forum: Investing - Theory, News & General
Topic: BOSVX vs IJS for SCV Loading?
Replies: 55
Views: 1948

Re: BOSVX vs IJS for SCV Loading?

If one is committed to the SCV strategy, then I would own both.

Both funds have quirks in terms of how they are managed that can impact their performance (+ or -) beyond ust how SCV performs. By owning both you basically average the other stuff out.
by stlutz
Wed Oct 23, 2019 1:16 am
Forum: Investing - Theory, News & General
Topic: "Dogs of the Dow" in a Roth IRA with Zero Commissions
Replies: 52
Views: 3374

Re: "Dogs of the Dow" in a Roth IRA with Zero Commissions

I don't agree with putting all my net worth into total market index funds. This prevents me from having the opportunity to outperform. I don't like to preclude myself of any opportunities to do better than the average. I reach for high performance. Do you think this strategy in particular has a hig...
by stlutz
Mon Oct 21, 2019 12:01 pm
Forum: Investing - Theory, News & General
Topic: Merrill Edge Unlimited $0 Trades
Replies: 13
Views: 1346

Re: Merrill Edge Unlimited $0 Trades

I just saw that my Merrill Edge account was "upgraded" to unlimited $0 trades. Anyone noticed that too? indxfundfan: I have not made a trade in the past 10 years (probably 20 years). Just because something is free does not mean it is worthwhile. Best wishes. Taylor Jack Bogle's Words of wisdom: "Do...
by stlutz
Sun Oct 20, 2019 6:47 pm
Forum: Personal Investments
Topic: Factor Portfolio Check
Replies: 30
Views: 2162

Re: Factor Portfolio Check

I think most people here prefer IJR as a straight small cap fund over the VG one. It has smaller companies on average and the fact that companies actually have to have turned a profit at some point has been helpful historically.
by stlutz
Sat Oct 19, 2019 11:03 pm
Forum: Investing - Theory, News & General
Topic: what was vanguard like before the internet?
Replies: 74
Views: 7343

Re: what was vanguard like before the internet?

I remember when I started with VG in the late 90s that you could only an exchange between index funds only by US Mail.
by stlutz
Sat Oct 19, 2019 6:17 pm
Forum: Investing - Theory, News & General
Topic: Is Low Volatility the best factor?
Replies: 14
Views: 1635

Re: Is Low Volatility the best factor?

Note that the MSCI factor "indices" don't allow for big sector bets.
by stlutz
Thu Oct 17, 2019 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity DAF--how to minimize fees
Replies: 27
Views: 2360

Re: Fidelity DAF--how to minimize fees

We need/desire to do annual grants at a minimum of about 2% of the target balance - but do more when the balance goes above the target. I hope that we can "educate" our son and daughter-in-law to keep this going long after DW and I are gone - funding our chosen charitable entity as long as that ent...
by stlutz
Tue Oct 15, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 404
Views: 43914

Re: Best CD rates thread

What are 3 to 5 banks and credit unions that consistently offer high CD rates and allow to move money among them relatively easily? One other criteria for me is that the CDs don't auto renew. Right now Ally and Alliant are the only ones I'm aware of that have this option. Life gets busy--when a CD ...
by stlutz
Tue Oct 15, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity DAF--how to minimize fees
Replies: 27
Views: 2360

Re: Fidelity DAF--how to minimize fees

I don't let my balance get too high simply because I don't find it difficult to find things I want to support now as opposed to waiting for 5 years.
by stlutz
Mon Oct 14, 2019 10:51 pm
Forum: Investing - Theory, News & General
Topic: Adjusting AA based on equity risk premium
Replies: 52
Views: 3760

Re: Adjusting AA based on equity risk premium

Has anybody seen an ERP calculation that isn't overly crude where 90% of the resulting figure is just making an assumption about future growth? Projecting past EPS growth into the indefinite future doesn't really have any real logic behind it aside from the fact that it's the only number available. ...
by stlutz
Mon Oct 14, 2019 10:43 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 404
Views: 43914

Re: Best CD rates thread

What are 3 to 5 banks and credit unions that consistently offer high CD rates and allow to move money among them relatively easily? One other criteria for me is that the CDs don't auto renew. Right now Ally and Alliant are the only ones I'm aware of that have this option. Life gets busy--when a CD ...
by stlutz
Mon Oct 14, 2019 10:37 pm
Forum: Investing - Theory, News & General
Topic: Asset location for commodities
Replies: 16
Views: 1149

Re: Asset location for commodities

Depending on the fund, they can be complicated to deal with in taxable.

Here is a discussion about owning gold bullion ETFs in taxable: viewtopic.php?t=250680 .

Many ETFs (e.g. GSG) will cause you to get a K-1, which I've heard is a PITA vs. a regular 1099.
by stlutz
Mon Oct 14, 2019 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard glitch] Your brokerage Consolidated Form 1099 is now available
Replies: 40
Views: 2059

Re: [Vanguard glitch] Your brokerage Consolidated Form 1099 is now available

Well now we need to figure out what made some people so special that they got the e-mail. I have a VG brokerage account (only hold mutual funds) and didn't get one. :? :D
by stlutz
Mon Oct 14, 2019 6:56 pm
Forum: Investing - Theory, News & General
Topic: "Steelmanning" the case for owning individual stocks
Replies: 137
Views: 15996

Re: "Steelmanning" the case for owning individual stocks

Hi hdas, Thanks for starting the thread--have enjoyed following it. At this point, how would you describe your approach qualitatively? It seems like it's evolved quite a bit from the original approach of focusing most on low volatility and adding a momentum kicker. Managing risk was the #1 priority....
by stlutz
Mon Oct 14, 2019 6:52 pm
Forum: Investing - Theory, News & General
Topic: If Charles Schwab et al. drop commissions to zero, can we build our own index funds?
Replies: 68
Views: 7333

Re: If Charles Schwab et al. drop commissions to zero, can we build our own index funds?

I think the more realistic scenario here is building one's own multi-factor fund. In other threads some have expressed an interest in only owning the "bestest" stocks--ones that score well on value, quality, momentum, and volatility. Once you try to filter down to, say, the top 40% of each category,...
by stlutz
Sat Oct 12, 2019 4:30 pm
Forum: Personal Investments
Topic: Municipal Bond Now vs In Retirement?
Replies: 12
Views: 1094

Re: Municipal Bond Now vs In Retirement?

What you outline is a good reason to use a muni bond fund/ETF as opposed to buying individual muni bonds. The individual bonds are hard/costly to get out of should your tax situation change for expected or unexpected reasons.
by stlutz
Sat Oct 12, 2019 4:26 pm
Forum: Non-US Investing
Topic: ETF transaction costs and tracking difference
Replies: 8
Views: 690

Re: ETF transaction costs and tracking difference

Yes, transaction costs are reflected in the tracking error. Commissions aren't the big cost as much as spreads and market impact are. To pick one popular iShares ETF: USMV. It has always had an ER of .15%. Since inception it has underperformed it's bogey by .19%. So, it loses about another .04%/yr. ...
by stlutz
Sat Oct 12, 2019 4:19 pm
Forum: Investing - Theory, News & General
Topic: Time to Barbell one's [TIPS]?
Replies: 15
Views: 1331

Re: Time to Barbell one's [TIPS]?

The market collectively believes that there will be lower real rates for the intermediate term but not the long term. For the short part of your barbell, it expects that you'll have to reinvest that at lower rates in the future. So, my question to you would be the same one I had for Doc in his simil...
by stlutz
Sat Oct 12, 2019 4:11 pm
Forum: Investing - Theory, News & General
Topic: Do You Think Vanguard Will Join The No Commission Party?
Replies: 40
Views: 4960

Re: Do You Think Vanguard Will Join The No Commission Party?

The next thing to come with the 0 commission thing is more consolidation in the industry. I think VG will be a part of that. I see them basically getting out of the brokerage business and just partnering with somebody else for those services. Many VG funds are already commission free at E*Trade. It ...
by stlutz
Sat Oct 12, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Seller misrepresented fulfillment of defect fixes - next steps? sue?
Replies: 55
Views: 5071

Re: Seller misrepresented fulfillment of defect fixes - next steps? sue?

Small claims court?

Although before doing anything like that have you asked the seller to pay or split the cost?

But of course I'd only do that after getting a second opinion on wherther there is a problem and the cost to fix.
by stlutz
Fri Oct 11, 2019 10:37 pm
Forum: Personal Investments
Topic: How to TLH from VTIAX to IXUS on VG website?
Replies: 13
Views: 849

Re: How to trade VTIAX to IXUS on VG website?

mhc wrote:
Fri Oct 11, 2019 12:25 pm
If you want to do an exchange to stay in the market, then use VFWAX.

If you are not selling all your VTIAX, then I would wait.
This seems to be the easiest answer!
by stlutz
Thu Oct 10, 2019 9:21 pm
Forum: Personal Investments
Topic: Allan Roth and Bill Bernstein fixed income portfolio?
Replies: 51
Views: 6069

Re: Allan Roth and Bill Bernstein fixed income portfolio?

Roth is a big fan of CDs purchased directly from the bank as they generally offer higher yields than treasury bonds.
by stlutz
Thu Oct 10, 2019 10:25 am
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 16027

Re: How many are switching from Fidelity?

This is now officially the most hilarious thread ever to occur on this forum. What does it say about people who couldn't even wait a week to see what Fidelity was going to do. I think it says that this forum is no longer just a Bogleheads forum for passive low cost buy and hold investors. Jack must...
by stlutz
Thu Oct 10, 2019 12:22 am
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 16027

Re: How many are switching from Fidelity?

So do we have to start a thread now for people switching back to Fidelity? :wink:
by stlutz
Thu Oct 10, 2019 12:17 am
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 16027

Re: How many are switching from Fidelity?

The other nice thing about Fidelity is the lack of nuisance fees.
by stlutz
Wed Oct 09, 2019 10:13 pm
Forum: Investing - Theory, News & General
Topic: Fama French: momentum lacks theoretical motivation
Replies: 27
Views: 1993

Re: Fama French: momentum lacks theoretical motivation

Momentum cannot be arbitraged, and that may be an extra reason they wish they could ignore it. Sure it can. Momentum is basically an illustration that stock prices have adjusted to fundamental and economic changes too slowly. You're creating a theory here as to why momentum exists, not describing t...
by stlutz
Wed Oct 09, 2019 7:26 pm
Forum: Personal Investments
Topic: Diversify my portfolio further with factors and sectors
Replies: 71
Views: 3760

Re: Diversify my portfolio further with factors and sectors

Define diversification. If you don’t have a definition, all you will do is make your portfolio more complicated, likely without achieving additional diversification (whatever you mean by that). To further clarify the question: Are you looking for greater portfolio efficiency from an MPT perspective...