Search found 307 matches

by Always passive
Wed Nov 07, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: Actively Managed Bond Funds
Replies: 24
Views: 1611

Re: Actively Managed Bond Funds

I own all my short term bonds through Pimco Enhanced Short Term Bond (LDUR) and I have been very happy with it. Some may say that Pimco takes more risk, but the statistics (Morningstar) do not confirm that.
by Always passive
Tue Oct 23, 2018 12:04 pm
Forum: Investing - Theory, News & General
Topic: What's Your Fixed Income Strategy?
Replies: 89
Views: 8589

Re: What's Your Fixed Income Strategy?

Retired
70% Fixed Income
30% Equities
Fixed Income Allocation: 10 year TIPS ladder; rest in short term (2 years duration) bond ETF.
Once the FED stabilized rates (2019,2020), I will increase the bond duration to intermediate (5-7 years)
by Always passive
Mon Oct 15, 2018 2:24 pm
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1743

Re: Does anyone invest in commodities through an index?

Ok, I get it. I have (I think) a prudent portfolio for a retiree, 30% in globally diversified equities with a tilt toward emerging markets (my crystal ball hunch), the other 70% in a 10 year TIPs ladder to cover expenses (in addition to my SS) and the rest in a short term bond fund. So my next ques...
by Always passive
Mon Oct 15, 2018 6:17 am
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1743

Re: Does anyone invest in commodities through an index?

Ok, I get it. I have (I think) a prudent portfolio for a retiree, 30% in globally diversified equities with a tilt toward emerging markets (my crystal ball hunch), the other 70% in a 10 year TIPs ladder to cover expenses (in addition to my SS) and the rest in a short term bond fund. So my next quest...
by Always passive
Sun Oct 14, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1743

Re: Does anyone invest in commodities through an index?

Swedroe in his books about alternative investments, chapter 3, he says the following... “COMMODITIES, WHICH FALL within the broad category of hard assets, are an interesting class from a portfolio perspective. Since 1970, they have provided relatively high returns, exhibited negative correlations wi...
by Always passive
Sun Oct 14, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1743

Re: Does anyone invest in commodities through an index?

Do you invest in commodities? And if yes, why? No matter when I look at commodities as a passive investment I come up with the same impression, not worth it. I caution you to specify your concern more directly: the problem with "investing" in commodities has little to do with whether it is done act...
by Always passive
Sun Oct 14, 2018 8:17 am
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1743

Does anyone invest in commodities through an index?

Do you invest in commodities? And if yes, why? No matter when I look at commodities as a passive investment I come up with the same impression, not worth it. While reading the WSJ, the following article showed up which seems to say it all... Why Commodity-Index Investing May Be Futile It’s harder to...
by Always passive
Fri Oct 12, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Can a US citizen be a resident of NO state?
Replies: 61
Views: 18112

Re: Can a US citizen be a resident of NO state?

Situation: I, a US citizen was a resident of one state in the US, but live overseas now (Job related). I sold my residence in that state in 2010 but, have rental property. This rental property was not my residence ever. Until 2010 State Income tax was filed as a resident. Should I file state income...
by Always passive
Sat Sep 29, 2018 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Managed Future funds
Replies: 11
Views: 1072

Re: Managed Future funds

I understand your point. However, I ask myself, what amount of managed futures do I need to hold to protect myself from tail risk (black swans)? I assume that it would be a very expensive insurance. I took a look at hedge funds that use mainly long/short strategies to try to achieve market neutral ...
by Always passive
Sat Sep 29, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Managed Future funds
Replies: 11
Views: 1072

Re: Managed Future funds

Won’t claim to have more knowledge, but had a few points for you to consider. It sounded to me that you are more comfortable understanding the strategy – whodidntante covered that well, but I’ll be a bit more explicit – than you are comfortable with recent implementations thru ETFs. You didn’t spec...
by Always passive
Sat Sep 29, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Managed Future funds
Replies: 11
Views: 1072

Re: Managed Future funds

Bravo!
by Always passive
Fri Sep 28, 2018 6:56 am
Forum: Investing - Help with Personal Investments
Topic: Managed Future funds
Replies: 11
Views: 1072

Managed Future funds

I just finished Swedroe’s Reducing the Risk of a Black Swans. He dedicates a full chapter to Time Serie Momentum, or what is also referred as Managed Futures. The book discusses this asset class very positively. Well, I do not understand his point in practice. The few ETFs that operate in this space...
by Always passive
Wed Aug 29, 2018 3:20 am
Forum: Investing - Theory, News & General
Topic: Pimco’s comments on fixed income
Replies: 1
Views: 554

Pimco’s comments on fixed income

In a recent video, PIMCO discusses the yield curve and their fixed income strategy. He talks about the attractiveness of short term investing because of the flatness of the yield curve (which seems obvious just by inspection), but then later on he states their strategy of investing in the 5 to 7 yea...
by Always passive
Wed Aug 29, 2018 1:22 am
Forum: Investing - Help with Personal Investments
Topic: Capital Gain tax free
Replies: 8
Views: 1404

Re: Capital Gain tax free

I have accumulated a substantial capital gain in my equity funds (VTI and VXUS) in my after tax account. And I have an almost equal carry over capital losses that I can use. Question: Does it make sense to sell and buy comparable funds to realize the capital gain, tax free. Only if you have some ot...
by Always passive
Tue Aug 28, 2018 1:38 am
Forum: Investing - Help with Personal Investments
Topic: Capital Gain tax free
Replies: 8
Views: 1404

Capital Gain tax free

I have accumulated a substantial capital gain in my equity funds (VTI and VXUS) in my after tax account. And I have an almost equal carry over capital losses that I can use. Question: Does it make sense to sell and buy comparable funds to realize the capital gain, tax free. And then do the same when...
by Always passive
Thu Aug 09, 2018 12:16 am
Forum: Personal Consumer Issues
Topic: Croatia or Mallorca?
Replies: 7
Views: 1151

Re: Croatia or Mallorca?

apples and oranges
by Always passive
Fri Aug 03, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Non-US citizen with SSN living abroad, where to invest?
Replies: 22
Views: 1289

Re: Non-US citizen with SSN living abroad, where to invest?

Welcome to Fidelity. I doubt anyone is going to give you any specific advice about where to invest without more information. There is a possibility I will be residing overseas during my retirement years (already started) so I was interested in the statement that Fidelity said you could invest in an...
by Always passive
Wed Aug 01, 2018 11:43 am
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 176
Views: 10084

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

I have had experiences with friends skiing in Europe. One broke an arm and hurt his back, the other broke a leg, etc... In every case, without the evacuation insurance, it would have been really expensive. I always buy a $1m health insurance that covers every possible situation, including returning ...
by Always passive
Sat Jul 28, 2018 11:54 pm
Forum: Personal Consumer Issues
Topic: steel cut oats wash/rinse before cooking
Replies: 26
Views: 3517

Re: steel cut oats wash/rinse before cooking

I am the steel cut oats cooker in our house, and we buy it in bulk from Sprouts or Whole Foods. I prepare the oats in a large saucepan like this: 8 1/3 cups water (I measure it carefully) in a pot, bring to a boil. Add 2 cups steel cut oats. (I've never washed or rinsed the oats, and am still alive...
by Always passive
Sat Jul 28, 2018 11:45 pm
Forum: Personal Consumer Issues
Topic: Airbnb - cleaning fee, service fee, occupancy fee....???
Replies: 81
Views: 7171

Re: Airbnb - cleaning fee, service fee, occupancy fee....???

The family is going on vacation (we are 8) and I have rented a Villa in a Greek island for 1 week in mid August through Airbnb. An expensive proposition, 3,000 euros plus fees (they call them service fees), which amounted to 165.26 euros, or 5.2%. The fees seem to me reasonable.
by Always passive
Fri Jul 27, 2018 2:53 am
Forum: Personal Finance (Not Investing)
Topic: The stock that got away
Replies: 40
Views: 3117

Re: The stock that got away

I have done it more than once, but at 70 and retired, I sleep well. The extra money that I left on the table will have no impact on my quality of life, so I do not worry. And my family will get plenty when I am gone.
by Always passive
Tue Jul 24, 2018 12:04 pm
Forum: Investing - Theory, News & General
Topic: Turkey/Turkish Stocks down 32% - approaching 2008 levels
Replies: 106
Views: 12131

Re: Turkey/Turkish Stocks down 32% - approaching 2008 levels

I suggest you take the time to read about Turkey before getting to excited. If you follow the news, Turkey is in severe economic chaos (do not want to get into political issues since it is not allowed in this forum). The economic chaos has forced the currency to fall dramatically relative to the dol...
by Always passive
Mon Jul 23, 2018 11:20 pm
Forum: Investing - Theory, News & General
Topic: Short versus Intermediate Term Bond
Replies: 57
Views: 5626

Re: Short versus Intermediate Term Bond

The very interesting thing that I always see in all the analyses presented in this forum is that time span that is being used to prove a point/make a case. No doubt for academic work 30 years is a very adequate time frame to present ideas, but to me 30 years is a life long time frame that I am afrai...
by Always passive
Sun Jul 22, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: Robert Merton on NewRetirement Podcast
Replies: 46
Views: 5326

Re: Robert Merton on NewRetirement Podcast

Listened the entire podcast. Loved it!
We all here talk about Total Return as the yardstick to judge performance. It seems to me that Merton would disagree if in retirement. Right?
by Always passive
Sun Jul 22, 2018 7:39 am
Forum: Investing - Theory, News & General
Topic: Short versus Intermediate Term Bond
Replies: 57
Views: 5626

Re: Short versus Intermediate Term Bond

But it [Total Bond Market] is currently at 10.43 which is down more than 7% since the ~2012 high of 11.23. With dividends reinvested, it's up by 8.1% since 11/20/2012, per a Morningstar growth chart. If I thought that the past can tell something about the future, I would not have placed the questio...
by Always passive
Sun Jul 22, 2018 7:37 am
Forum: Investing - Theory, News & General
Topic: Short versus Intermediate Term Bond
Replies: 57
Views: 5626

Re: Short versus Intermediate Term Bond

But it [Total Bond Market] is currently at 10.43 which is down more than 7% since the ~2012 high of 11.23. With dividends reinvested, it's up by 8.1% since 11/20/2012, per a Morningstar growth chart. If I thought that the past can tell something about the future, I would not have placed the questio...
by Always passive
Sat Jul 21, 2018 8:17 am
Forum: Investing - Theory, News & General
Topic: Short versus Intermediate Term Bond
Replies: 57
Views: 5626

Re: Short versus Intermediate Term Bond

But it [Total Bond Market] is currently at 10.43 which is down more than 7% since the ~2012 high of 11.23. With dividends reinvested, it's up by 8.1% since 11/20/2012, per a Morningstar growth chart. If I thought that the past can tell something about the future, I would not have placed the questio...
by Always passive
Sat Jul 21, 2018 1:52 am
Forum: Investing - Theory, News & General
Topic: Rethinking bond fund
Replies: 13
Views: 1221

Re: Rethinking bond fund

I gave up and place all the money I planned to hold in bond funds in a short term fund. It is all in an IRA. I will wait as necessary and when I feel that the Fed got sick of rising rates, I may buy longer bond funds. I may be wrong, it may cost me a few bucks, but I think that the damage is not sub...
by Always passive
Sat Jul 21, 2018 12:44 am
Forum: Investing - Theory, News & General
Topic: Does "Time in the Market" Heal All Portfolio Wounds?
Replies: 57
Views: 5979

Re: Does "Time in the Market" Heal All Portfolio Wounds?

The question, of course, is who has 30 years to wait. We all use the assumption that right out of school we invest and then wait until retirement. Is that really realistic?
30 years ago a knew nothing, 20 years ago I thought I knew but was wrong, 10 years ago, I knew but it was too late! (I am 70)
by Always passive
Fri Jul 20, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 14023

Re: Should I Dump a Pile of Money on Young Son?

Things can get complicated if/when he marries, should the marriage do not work out.
by Always passive
Wed Jul 18, 2018 10:38 pm
Forum: Investing - Theory, News & General
Topic: Short versus Intermediate Term Bond
Replies: 57
Views: 5626

Re: Short versus Intermediate Term Bond

Vanguard shows that the Short Term Bond ETF (BSV) has an estimated YTM of 2.8 years and a duration of 2.7 years, while the Intermediate Term Bond ETF (BIV) has an estimated YTM of 3.4% but a duration of 6.4 years. Given thyat it is a given that the Fed will continue increasing short term rates, why...
by Always passive
Tue Jul 17, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: Short versus Intermediate Term Bond
Replies: 57
Views: 5626

Short versus Intermediate Term Bond

Vanguard shows that the Short Term Bond ETF (BSV) has an estimated YTM of 2.8 years and a duration of 2.7 years, while the Intermediate Term Bond ETF (BIV) has an estimated YTM of 3.4% but a duration of 6.4 years. Given thyat it is a given that the Fed will continue increasing short term rates, why ...
by Always passive
Fri Jul 13, 2018 6:51 am
Forum: Investing - Theory, News & General
Topic: Siegel and the business cycles
Replies: 5
Views: 491

Siegel and the business cycles

Given that currently there is concern by some that the US equity market may be at the end of a run, this article, which expands on the ideas of Jeremy Siegel on the subject, may be of interest, see below. https://www.advisorperspectives.com/articles/2018/07/10/looking-back-at-jeremy-siegel-on-the-bu...
by Always passive
Sun Jun 24, 2018 12:29 am
Forum: Investing - Theory, News & General
Topic: Portfolio Diversification, Long Before Mr. Markowitz
Replies: 37
Views: 2454

Re: Portfolio Diversification, Long Before Mr. Markowitz

From the Bible...

Solomon in Ecclesiastes 11:2:

“Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
by Always passive
Sat Jun 23, 2018 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: How to shelter 500k
Replies: 11
Views: 1539

Re: How to shelter 500k

Do you have another 50 million to go along with that 500k? If so it’s time to get creative with offshore tax shelters.... But, otherwise you will just have to deal with the small amount of taxes you will owe and enjoy the virtually tax free gift you will be leaving for your children thanks to stepp...
by Always passive
Sat Jun 23, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Need 3% Steady Income from $1.1 Mil Nest Egg
Replies: 30
Views: 4548

Re: Need 3% Steady Income from $1.1 Mil Nest Egg

Hard to do without taking some risk. The riskless 10 year treasury note will get you almost 3% and you will get your money back at maturity. However, your money 10 years later will be worth much less than today because of inflation. With a bit of risk, you can build a ladder of corporate bond ETFs. ...
by Always passive
Sat Jun 23, 2018 12:31 am
Forum: Investing - Theory, News & General
Topic: AQR throws a bit of shade at CAPE
Replies: 19
Views: 2234

Re: AQR throws a bit of shade at CAPE

After reading the piece, I did not get the impression that the author disbelieves CAPE, just that there is a margin of error built in in the forecast that makes precision impossible. But he is clear that high CAPE equates with low long term returns, and that is about the only thing that I need to kn...
by Always passive
Fri Jun 22, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 22089

Re: Can you retire on $2M?

Just move overseas for the win The moving overseas idea to reduce costs is an illusion, Most countries are more expensive than the US. I live in Tel Aviv, a very expensive proposition, certainly much more than my original LA (and I lived in BH). Although having a national health system (by the way,...
by Always passive
Fri Jun 22, 2018 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 22089

Re: Can you retire on $2M?

Just move overseas for the win The moving overseas idea to reduce costs is an illusion, Most countries are more expensive than the US. I live in Tel Aviv, a very expensive proposition, certainly much more than my original LA (and I lived in BH). Although having a national health system (by the way,...
by Always passive
Wed Jun 20, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: How to shelter 500k
Replies: 11
Views: 1539

Re: How to shelter 500k

jacoavlu wrote:
Wed Jun 20, 2018 1:55 pm
hold the funds. When you die your children can inherit them with a step up in basis, and could liquidate with no tax liability.

(note - your location says Israel. I've ignored that in my advice)
I live in Israel but I am a US citizen, thus pay US taxes like everybody else
by Always passive
Wed Jun 20, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: How to shelter 500k
Replies: 11
Views: 1539

How to shelter 500k

I am retired and have around 500k in a regular account. The money is invested in VTI and VXUS, two stock ETFs. I doubt that I will ever need these funds; thus, they most likely end up going to my children. Although the ETFs are tax efficient, I pay taxes on the dividends, which I reinvest. Is there ...
by Always passive
Wed Jun 20, 2018 12:48 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 14722

Re: Oh my! Cardone says we need $10m net worth

Who is Cardone and why should I care what he is saying? :shock: :twisted: Forgive me for criticizing your comments, but I read this type of statements too often. My view is this approach is wrong and maybe dangerous. It is not important who the person is, Cardone or someone else, what is important ...
by Always passive
Thu Jun 07, 2018 6:29 am
Forum: Investing - Theory, News & General
Topic: International Investing - a convincing argument by Fidelity
Replies: 6
Views: 1060

International Investing - a convincing argument by Fidelity

A rather convincing argument about expanding the investment horizon to foreign lands....

https://www.fidelity.com/viewpoints/inv ... ail_weekly
by Always passive
Mon Jun 04, 2018 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 15366

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

Nothing comparable to you, but one data point. I worked in the oil business for most of my career, having a MS in Chemical Engineering and and MBA from fine schools. At age 55 a got sick of it, retired (like you, with no money issues) and went back to school and got a PhD in Economics. Truly enjoyed...
by Always passive
Sat Jun 02, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Diversifying from Amazon stock - help!
Replies: 20
Views: 2883

Re: Diversifying from Amazon stock - help!

What is wrong with Amazon? I would leave what you have in Amazon and going forward sell to diversify. Are you asking what's wrong with relying on a single company for half of a household's earning ability and net worth? Without pointing to all of the classic examples of the last two decades, I'll j...
by Always passive
Sat Jun 02, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Diversifying from Amazon stock - help!
Replies: 20
Views: 2883

Re: Diversifying from Amazon stock - help!

My husband works for Amazon, and as part of his W-2 compensation regularly gets Amazon stock (it's not a stock option, but actual compensation). He's been working there for 7 years, and we've just let the stock build up without doing anything with it. Our other investments are in our 401k and Roth ...
by Always passive
Fri Jun 01, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: Factor Friendly Four Fund portfolio
Replies: 19
Views: 2279

Re: Factor Friendly Four Fund portfolio

Can you share the historical performance of your two portfolios versus the standard 3 fund version? It's not much history, because even though I required the ETFs to be at least five years old some of them are not much older than that. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&time...