Search found 1385 matches

by Thesaints
Sat Apr 28, 2018 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: 26 Year Old Asking For Advice
Replies: 14
Views: 2032

Re: 26 Year Old Asking For Advice

Calculate how much you are making from bonds after taxes, and how much that mortgage is costing you, again after taxes.
Chances are you don't want to be investing in bonds.
Stocks are another thing.
by Thesaints
Sat Apr 28, 2018 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: More aggressive portfolio with a pension?
Replies: 42
Views: 4017

Re: More aggressive portfolio with a pension?

What do you mean by "capacity to absorb risk"? How is that calculated? The same way you calculate your asset allocation without the pension. If you have 1 million (and no pension) and decide that your capacity to absorb risk requires a 50/50 asset allocation, it means that if you instead had 500k p...
by Thesaints
Sat Apr 28, 2018 4:04 pm
Forum: Investing - Theory, News & General
Topic: What's wrong with this critique of indexing?
Replies: 124
Views: 9235

Re: What's wrong with this critique of indexing?

quantAndHold wrote:
Sat Apr 28, 2018 2:19 pm
random selection of stocks works better,
That's kind of hard to believe: "random selection of stocks" would replicate the cap weighted index.
by Thesaints
Sat Apr 28, 2018 3:58 pm
Forum: Personal Consumer Issues
Topic: How can I get a passport?
Replies: 64
Views: 6209

Re: How can I get a passport?

Why can't the OP just send one of his servants to take care of this passport business ?
by Thesaints
Sat Apr 28, 2018 3:55 pm
Forum: Investing - Theory, News & General
Topic: What's wrong with this critique of indexing?
Replies: 124
Views: 9235

Re: What's wrong with this critique of indexing?

3) If both stocks (Apple and News Corporation) have all information baked into their price, and have the same risk adjusted returns, the rational thing for me to do is to make the same bet on each of them. Why ? The only reason why I should bet more on one stock than on the other, is if I had reaso...
by Thesaints
Sat Apr 28, 2018 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: More aggressive portfolio with a pension?
Replies: 42
Views: 4017

Re: More aggressive portfolio with a pension?

I would calculate the present value of those pension payments, using your life expectancy.
Then treat that amount as a bond with a credit quality equal to the pension issuer credit rating.
Your increased capacity to absorb risk will come out automatically.
by Thesaints
Thu Apr 26, 2018 1:31 am
Forum: Personal Finance (Not Investing)
Topic: Chase $300 bonus for a new saving account
Replies: 23
Views: 3038

Re: Chase $300 bonus for a new saving account

I opened checking + savings with Chase about 18 months ago to get the $300+$200 offer. The agent was supernice; everything was taken care of in minutes and I never had a problem with depositing, nor withdrawing. I took back the 15k in savings after the promotion required 6 months and forgot about it...
by Thesaints
Thu Apr 26, 2018 1:24 am
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund in VCTXX
Replies: 12
Views: 1560

Re: Emergency Fund in VCTXX

if VCTXX goes under, probably having your EF in another vehicle won't help much either.
by Thesaints
Wed Apr 25, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 73
Views: 5878

Re: [Vanguard account locked out due to deceased owner]

If you access a deceased person's account and a heir, or a creditor, determines that they were damaged by it , at a minimum you'll be liable in civil court. A rarer event is for the deceased people's accounts police to start an investigation and do forensics to determine when exactly the accounts we...
by Thesaints
Wed Apr 25, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 6580

Re: Bloomberg article on lump sum vs dollar cost averaging

JustinR wrote:
Wed Apr 25, 2018 7:19 pm
Since you're investing what you can as soon as it's feasible to, it's lump sum.
But if I make exactly the same purchases, except that I do it by choice, it is "cost averaging" ?
The two returns would be identical, so after all costa averaging and lump sum are the same...
by Thesaints
Wed Apr 25, 2018 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Any Vanguard Global Min Vol Fans? (VMVFX)?
Replies: 13
Views: 1451

Re: Any Vanguard Global Min Vol Fans? (VMVFX)?

My Roth was 100% in VGHAC. Starting a few years ago I'm contributing to VMVFX and redirecting distributions there. I don't see it as "slow & steady". In fact, it has outperformed the standard global index fund thanks to favorable currency movements. It eventually will be less volatile, but still a 1...
by Thesaints
Wed Apr 25, 2018 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Partial Tax Loss Harvesting
Replies: 6
Views: 462

Re: Partial Tax Loss Harvesting

The problem is that you loss is smaller. Shares sold at a gain will compensate part of the losses. You want to use SpecID, unless all shares are in the red.
by Thesaints
Wed Apr 25, 2018 5:10 pm
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 10156

Re: How did you tell the boss you're leaving/retiring?

Not sure what your problem is. If you retire what do you care about what your ex-boss thinks ?
by Thesaints
Wed Apr 25, 2018 5:08 pm
Forum: Investing - Theory, News & General
Topic: What happened to the Dow Jones between 1966-1982?
Replies: 72
Views: 4921

Re: What happened to the Dow Jones between 1966-1982?

Jags4186 wrote:
Wed Apr 25, 2018 4:45 pm

Every day you choose to own your portfolio at it’s current price. How you got to where you are has no bearing with where you presently are and going forward. Therefore every single day you choose to lump sum your portfolio at it’s present allocation.
So, how do you measure your performance ?
by Thesaints
Wed Apr 25, 2018 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Partial Tax Loss Harvesting
Replies: 6
Views: 462

Re: Partial Tax Loss Harvesting

You only want to sell those shares that have depreciated. If you accumulated over a long time, likely your older shares are still gaining.
by Thesaints
Wed Apr 25, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 73
Views: 5878

Re: [Vanguard account locked out due to deceased owner]

Yeah! Always follow the Law; do not rush it.
by Thesaints
Wed Apr 25, 2018 4:44 pm
Forum: Investing - Theory, News & General
Topic: Balanced Funds Capturing Large Percentage of Stock Market Return
Replies: 15
Views: 1883

Re: Balanced Funds Capturing Large Percentage of Stock Market Return

The OP comment is based on insufficient information.

If I have a 50/50 fund which yielded 6% annually while the stock market yielded 7%, can I say that I captured most of the market gains ?
It depends:
If bonds yielded 9%, for instance, I did not capture most of them and that fund is a piece of crap.
by Thesaints
Wed Apr 25, 2018 4:40 pm
Forum: Investing - Theory, News & General
Topic: What happened to the Dow Jones between 1966-1982?
Replies: 72
Views: 4921

Re: What happened to the Dow Jones between 1966-1982?

Jags4186 wrote:
Wed Apr 25, 2018 4:36 pm
Most of us who have a decent sized portfolio are constantly in a state of “lump sum” investing.
No. Unless you invested all your money at a single price.
by Thesaints
Wed Apr 25, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: What happened to the Dow Jones between 1966-1982?
Replies: 72
Views: 4921

Re: What happened to the Dow Jones between 1966-1982?

Dollar cost averaging to me implies you have money on the sidelines to invest. I don’t have money on the sidelines to invest. When new money is introduced to me I lump sum it. I would refer to this as periodic investing. The dollars don't know if you are investing them periodically out of necessity...
by Thesaints
Wed Apr 25, 2018 4:26 pm
Forum: Investing - Theory, News & General
Topic: Balanced Funds Capturing Large Percentage of Stock Market Return
Replies: 15
Views: 1883

Re: Balanced Funds Capturing Large Percentage of Stock Market Return

I just compared the ten year returns on Morningstar for Vanguard Total Stock Market, Vanguard Balanced Index, Vanguard Wellington, Vanguard Wellesley, and Vanguard Tax-Managed Balanced. The balanced funds have captured large percentages of the ten year stock market return as represented by VTSAX (9...
by Thesaints
Wed Apr 25, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 73
Views: 5878

Re: [Vanguard account locked out due to deceased owner]

I think we can safely state that: - Accounts custodians must be notified as soon as possible of the owner death, although the law does not quantify a time term, nor specifies who has to communicate the news. - Accessing the deceased's account, in good or in bad faith, could create problems at a late...
by Thesaints
Wed Apr 25, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: What happened to the Dow Jones between 1966-1982?
Replies: 72
Views: 4921

Re: What happened to the Dow Jones between 1966-1982?

There are extremely few people who have no money, Why do you mention this condition of having no money previously ? ...acquire a large amount of money, lump sum it all on 1 day, and never invest again. and that's quite good. It's disingenuous to say that dollar cost averagers "made out like bandits...
by Thesaints
Wed Apr 25, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: “Gradually simplify” your portfolio, or all at once?
Replies: 17
Views: 1791

Re: “Gradually simplify” your portfolio, or all at once?

Unless you are correcting a terrible mistake, then operating gradually may allow you to sample different prices and gain from the underlying asset volatility, depending on the exchange you have in mind.
by Thesaints
Wed Apr 25, 2018 3:39 pm
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 11394

Re: Wedding - financial burden on couple and attendees

over45 wrote:
Wed Apr 25, 2018 3:36 pm
150k on each of the cars - not credit cards. they will need replacement cars soon and one is ready to die.
Oh, I see ! :)

One can get a used car for cheap. That should not be a concern unless a few thou expense is a major outlay for them.
by Thesaints
Wed Apr 25, 2018 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: New to Tax Loss Harvesting
Replies: 3
Views: 453

Re: New to Tax Loss Harvesting

What's your loss harvesting move ? If you are talking from a general point of view "Since I regularly purchase every stock by way of VTSAX, any individual stock sale will be a wash", that's not how the IRS enforces it. In fact, they don't even enforce a wash sale if you transition between S&P500 and...
by Thesaints
Wed Apr 25, 2018 3:30 pm
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 11394

Re: Wedding - financial burden on couple and attendees

300k debt on credit cards ??
Reads like a (financial) horror story and perhaps the best outcome for them would be not getting married.
by Thesaints
Wed Apr 25, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: What happened to the Dow Jones between 1966-1982?
Replies: 72
Views: 4921

Re: What happened to the Dow Jones between 1966-1982?

Seems like rental property, in a college town, may be a better bet? Renters pay the mortgage, plus some, and the home value doubles in ten years (pretty reliably). How about if you bought in 2008 ? Not even counting that renting your property means work, while investing in financial markets means o...
by Thesaints
Wed Apr 25, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: What happened to the Dow Jones between 1966-1982?
Replies: 72
Views: 4921

Re: What happened to the Dow Jones between 1966-1982?

fortfun wrote:
Wed Apr 25, 2018 3:04 pm
Investing in a rental property seems prudent too.
Yep. Especially in 2008.
by Thesaints
Wed Apr 25, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Does it ever make sense to not contribute to retirement accounts?
Replies: 30
Views: 2595

Re: Does it ever make sense to not contribute to retirement accounts?

I agree with an earlier poster that .2% AUM fee is extremely low and you are fortunate to get it if the advice you are getting is good. If your advisor is simply making money other ways (loaded funds, churning accounts, etc.) that would be a different story. It takes exactly the same effort to advi...
by Thesaints
Wed Apr 25, 2018 3:03 pm
Forum: Investing - Theory, News & General
Topic: What happened to the Dow Jones between 1966-1982?
Replies: 72
Views: 4921

Re: What happened to the Dow Jones between 1966-1982?

Certainly lump sum investors in 1966 didn't fare too well. Scratch another one for cost averaging.
Same goes for lump sum investors in 1999. It took them 10 years to get even, whereas cost averagers made out like bandits.
by Thesaints
Wed Apr 25, 2018 3:00 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 6580

Re: Bloomberg article on lump sum vs dollar cost averaging

I DCA out of necessity: This isn't an issue for many of the posters here, but I'm only a few years into my career and I don't yet have a level of income above my expenses in my HCOL area that allows me the ability to comfortably lump sum each January all that I'll be investing that year. I'd certai...
by Thesaints
Wed Apr 25, 2018 2:56 pm
Forum: Personal Consumer Issues
Topic: Do you have a car w/o ABS?
Replies: 53
Views: 2602

Re: Do you have a car w/o ABS?

It is 100% true: "ABS saved my a..".
ABS and dynamic stability control are the greatest safety innovations of the last 20/30 years. Not having them is like not having safety belts and air bags: it can mean the difference between death and not even a scratch.
by Thesaints
Wed Apr 25, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Does it ever make sense to not contribute to retirement accounts?
Replies: 30
Views: 2595

Re: Does it ever make sense to not contribute to retirement accounts?

On the management fees, I have struggled with that as well. I've been paying the 0.2% for 10+ years now, but sometimes I wonder if I am getting commensurate value. Especially when I compare vs. indexing For north of 200k/year they better be giving you access to something more sophisticated than jus...
by Thesaints
Wed Apr 25, 2018 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Does it ever make sense to not contribute to retirement accounts?
Replies: 30
Views: 2595

Re: Does it ever make sense to not contribute to retirement accounts?

3.141592653589793238 wrote:
Wed Apr 25, 2018 1:52 pm
That's not really fair. Nowhere in what I posted did I say anything about wanting to pay more taxes, in fact I expressed an interest to learn how to educate myself on the subject so I'd pay only what I needed to.
OK. Than that's your motivation for investing in retirement accounts: tax deferral.
by Thesaints
Wed Apr 25, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 6580

Re: Bloomberg article on lump sum vs dollar cost averaging

Because all of your examples involve what I state. If you want to reduce risk and return, DCA is a poor way to accomplish it. You should change the asset allocation to include more low-risk investments. Cost averaging for 2 years into a 10-year long 100% stocks investment is different from investin...
by Thesaints
Wed Apr 25, 2018 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Does it ever make sense to not contribute to retirement accounts?
Replies: 30
Views: 2595

Re: Does it ever make sense to not contribute to retirement accounts?

If the OP wants to pay more taxes than he needs to, then contributing to retirement accounts is superfluous.
by Thesaints
Wed Apr 25, 2018 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Approach to diversity out of a single stock (purchased through ESPP)
Replies: 52
Views: 3763

Re: Approach to diversity out of a single stock (purchased through ESPP)

It really doesn't matter about the existence of a treaty or not. The US is the only country in the world that taxes fully on citizenship. As long as the OP has properly broken residence with his home then treaties are irrelevant for income derived in the US. Yep. But that according to his home coun...
by Thesaints
Wed Apr 25, 2018 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Need help with Bond Funds
Replies: 6
Views: 765

Re: Need help with Bond Funds

You will certainly get the chance to appreciate how much more stressful than a 20% bonds position a 70% stocks position is. :)

Why not vanguard total international bonds, for maximum diversification ? Or half and half with the domestic version ?
by Thesaints
Tue Apr 24, 2018 11:39 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 6580

Re: Bloomberg article on lump sum vs dollar cost averaging

Then you don't want DCA. You seem to think there is some magic to it that gives you all of the return without the risk . Or something. It doesn't work that way. There is no magic, since I wrote countless times that I want to eliminate some risk by giving up some return . The real mystery is why you...
by Thesaints
Tue Apr 24, 2018 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: SpecID not yet available
Replies: 16
Views: 1500

Re: SpecID not yet available

Ugh, I should have the records but the dividends reinvestment would be a pain. It is. :( Just think that in my case I also loss harvested in 2002, so not only I have to go through all the purchases, but also figure out which ones I already sold by looking at which shares had the highest basis back ...
by Thesaints
Tue Apr 24, 2018 8:51 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 6580

Re: Bloomberg article on lump sum vs dollar cost averaging

But I want to be invested 100% stocks and enjoy the volatility of the ride ! My personal performance is present value over cost basis and I want to decrease the volatility of cost basis. Not sure why you guys insist with this story about buying, selling, and buying again. If I buy at 10 different pr...
by Thesaints
Tue Apr 24, 2018 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: SpecID not yet available
Replies: 16
Views: 1500

Re: SpecID not yet available

I think you have to go through your purchases one by one and recalculate it. If you haven't sold in the meantime, it is not too hard.
by Thesaints
Tue Apr 24, 2018 7:54 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 6580

Re: Bloomberg article on lump sum vs dollar cost averaging

dbr wrote:
Tue Apr 24, 2018 7:52 pm
As another poster is pointing out staying in the market is better than getting out and DCA back in 2/3 of the time.
But that has nothing to do with cost averaging! Maybe has something to do with people who don't understand how cost averaging works.
by Thesaints
Tue Apr 24, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: SpecID not yet available
Replies: 16
Views: 1500

Re: SpecID not yet available

I mean since Vanguard has the history, why aren't noncovered shares in the lots they were purchased in but just a lump one. Because they don't keep records that way. You are right in that you can check your history back to 1993, but they commingle all non-covered, older, purchases in their reportin...
by Thesaints
Tue Apr 24, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 6580

Re: Bloomberg article on lump sum vs dollar cost averaging

I don't think you understand how cost averaging works. Forget for a moment about the positive expected return for the market: would your basis be more or less volatile if you invested at a single price compared to investing at a number of different prices ? There can be no argument about the answer....
by Thesaints
Tue Apr 24, 2018 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: SpecID not yet available
Replies: 16
Views: 1500

Re: SpecID not yet available

aha wrote:
Tue Apr 24, 2018 7:01 pm
I mean they know I purchased how many shares on which date before 2012. Why can't they do SpecID for those shares?
But that's up to you. Since those shares are non covered, it does not matter which method Vanguard uses, but the one you use on Schedule D.
by Thesaints
Tue Apr 24, 2018 5:19 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 6580

Re: Bloomberg article on lump sum vs dollar cost averaging

Dandy wrote:
Tue Apr 24, 2018 5:12 pm
Most firms and advisers have a natural bias toward give us all the money now.
I wonder why...
by Thesaints
Tue Apr 24, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing out of the Bay Area
Replies: 84
Views: 11265

Re: Cashing out of the Bay Area

Having been born and raised in the Bay Area - and left it - at age 46 - I'd say the weather is boring. If you like every day to be pretty much the same - then that is the Bay Area. I didn't know I loved weather so much until I left - wow four seasons - monsoons - dramatic rain/thunderstorms - light...