Search found 315 matches

by Always passive
Thu Jan 10, 2019 11:40 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Does The Bucket Approach Destroy Wealth?
Replies: 56
Views: 5773

Re: Larry Swedroe: Does The Bucket Approach Destroy Wealth?

I think that the strategy that makes the most sense to me is the one offered by Zvi Bodie some years back. Build a TIPS ladder to cover the necessary retirement expenses with the rest going to equities. I do not do that exactly, but keep a 10 year ladder. It may not be the most efficient system if p...
by Always passive
Mon Dec 31, 2018 7:58 am
Forum: Investing - Help with Personal Investments
Topic: TLH strategy for last trading day
Replies: 9
Views: 609

Re: TLH strategy for last trading day

I would not trade the last day of the year. I rebalanced last week
by Always passive
Fri Dec 14, 2018 6:46 am
Forum: Investing - Help with Personal Investments
Topic: IRA Withdrawals at age 70
Replies: 24
Views: 1504

Re: IRA Withdrawals at age 70

Thank you I got it!
by Always passive
Thu Dec 13, 2018 11:14 am
Forum: Investing - Help with Personal Investments
Topic: IRA Withdrawals at age 70
Replies: 24
Views: 1504

IRA Withdrawals at age 70

Question:
I am 70, and I will be 70 1/2 next year. If I take money from my IRA now, will it count to my first RMD? What I mean is if I can substruct what I take now from next year's RMD?
by Always passive
Tue Dec 11, 2018 5:29 am
Forum: Investing - Help with Personal Investments
Topic: Backtesting pitfalls
Replies: 4
Views: 282

Backtesting pitfalls

Although I am a passive investor, and since I am retired and have plenty time to spend on ideas, I have been working on a strategy based on factors (or what is often referred as smart beta) using Portfolio Visualizer and indexes - since ETFs do not have long enough historical return; along with Fren...
by Always passive
Sun Dec 02, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: iShares iBonds ETFs
Replies: 5
Views: 747

Re: iShares iBonds ETFs

I will say that iBond ETFs are a great way to match your investments to anticipated spending. Like a bond ladder, rolling over the ETFs continually will likely result in higher costs and lower returns than just holding a longer duration fund to begin with. Why is that? Could you please help me unde...
by Always passive
Sun Dec 02, 2018 12:53 am
Forum: Investing - Help with Personal Investments
Topic: iShares iBonds ETFs
Replies: 5
Views: 747

iShares iBonds ETFs

My fixed income portfolio is composed of a 10 year TIPS ladder, with the rest is in a short term Pimco bond fund. I am considering selling the fund and in its place building a 4-5 year ladder of corporate bonds using the iShares iBonds ETFs. Does anyone use them and if anyone think that there could ...
by Always passive
Fri Nov 16, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Bullshares ladders
Replies: 2
Views: 357

Bullshares ladders

Looking at building a ladder of corporate bonds using BUllshares ETFs, Invesco has a very nice application that helps you build the ladder. Among other things it gives you the number of bonds includes in the total portfolio that you have created. Although the size is impressive, meaning, it shows a ...
by Always passive
Wed Nov 07, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: Actively Managed Bond Funds
Replies: 24
Views: 1696

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: 8911

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: 1794

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: 1794

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: 1794

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: 1794

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: 1794

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: 18461

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: 1115

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: 1115

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: 1115

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: 1115

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: 560

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: 1420

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: 1420

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: 1166

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: 1332

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: 184
Views: 11626

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: 3944

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: 102
Views: 8616

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: 3152

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: 12313

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: 5853

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: 5385

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: 5853

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: 5853

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: 5853

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: 1235

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: 6021

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: 14113

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: 5853

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: 5853

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: 508

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: 2473

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: 1550

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: 4604

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: 2257

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: 22267

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: 22267

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,...