Search found 597 matches

by J G Bankerton
Sun Jan 20, 2019 7:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790188

Re: U.S. stocks in free fall

It is kind of scary that somebody could make 8% in a day if they were clever and lucky! On January 2ed I sold VTI and bought VOO to realize a huge loss. I just looked and I made back, on paper, all my realized losses plus 8%. The day I bought VOO it went up 3%, good thing I didn't wait to buy back ...
by J G Bankerton
Sun Jan 20, 2019 2:17 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790188

Re: U.S. stocks in free fall

I have been surprised at the strong market rally since Christmas. It's like Dude, what happen to the bear market? As Mr. Bogle said the market is no longer investing it is high speed traders trying to figure out what the other bots are going to do. If they beat the other bots by a few nanoseconds t...
by J G Bankerton
Sun Jan 20, 2019 2:04 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3578

Re: How much money does one need to setup a private S&P 500 fund?

If my arithmetic is OK and you want your smallest holding to be around $100, then you need $500k Smallest holding $1000? $5 million I found this S&P 500 fund, RYXYS, fund size: $202.6 million. I hurt my head trying to figure out the smallest amount of money I would need to have a private fund. The ...
by J G Bankerton
Sat Jan 19, 2019 10:49 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3578

Re: How much money does one need to setup a private S&P 500 fund?

If you have the time to invest, I think it's a cool idea (not that I would recommend it). You would have hundreds of opportunities to harvest tax losses. At that stage I become an educational non profit so taxes are not a consideration. It truly is how much you keep not how much you make. Investing...
by J G Bankerton
Sat Jan 19, 2019 10:17 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2299
Views: 400172

Re: What are you up YTD? [Year To Date]

market timer wrote:
Sat Jan 19, 2019 9:55 pm

Purchasing power at the time you plan to spend the money counts. What I'm doing is just a form of tax-adjusted asset allocation:

https://www.bogleheads.org/wiki/Tax-adj ... allocation
I am truly blessed; my plan is to never spend the money.
by J G Bankerton
Sat Jan 19, 2019 10:03 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3578

Re: How much money does one need to setup a private S&P 500 fund?

I can't tell whether you're serious or not. I stated this is most likely academic because of today's low fees. Still there must be a sum where it makes sense to setup a private index fund. I like voting my shares too; one can't do that with mutual funds. VFFSX has only 1 basis point (0.01%) expense...
by J G Bankerton
Sat Jan 19, 2019 9:44 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3578

Re: How much money does one need to setup a private S&P 500 fund?

It is however is not as good a long term investment. The "Oracle of Omaha" bet big bucks that VFIAX could beat any manager at his own game over a ten year period. The hedge fund people were 13 run ruled after 9 years. To me buy and hold S&P 500 is the prudent thing to do. My time frame is infinity ...
by J G Bankerton
Sat Jan 19, 2019 9:35 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2299
Views: 400172

Re: What are you up YTD? [Year To Date]

market timer wrote:
Sat Jan 19, 2019 11:14 am

Also use a fudge factor of 1.2 for Roth IRA performance, i.e., $1 in Roth is worth $1.20 in taxable or traditional IRA.
Using "Beardstown accounting" I'm up 22% last year. The bottom line counts. :greedy
by J G Bankerton
Sat Jan 19, 2019 9:13 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3578

Re: How much money does one need to setup a private S&P 500 fund?

You will pay your accountant more than the Vanguard ER just to track your tax lots... Turbo tax is better than any accountant. I may not have enough money at this time but with computing power costing virtually nothing who knows. Point of order; I said this is most likely academic. I have Boglehead...
by J G Bankerton
Sat Jan 19, 2019 8:25 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3578

Re: How much money does one need to setup a private S&P 500 fund?

When the stocks pay dividends, you have to figure out how to use them to buy more of the stocks in the S&P 500 (not necessarily the stocks that paid the dividends). My bots can do that without breaking a sweat. I'm amazed at the work Vanguard's bots did for me. They worked for a year at what an adv...
by J G Bankerton
Sat Jan 19, 2019 7:11 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3578

Re: How much money does one need to setup a private S&P 500 fund?

I can't tell whether you're serious or not. I stated this is most likely academic because of today's low fees. Still there must be a sum where it makes sense to setup a private index fund. I like voting my shares too; one can't do that with mutual funds. Fidelity Zero Total Market Fund has 0 ER, $0...
by J G Bankerton
Sat Jan 19, 2019 7:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790188

Re: U.S. stocks in free fall

Anyone still hold cash on the sideline? I am basically all cash. I hold 0% equities. This is far from over. On December 24, 2018 I borrowed from my "emergency" cash trying to catch the falling knife. bought VTI at 121.9, 120.94 and 120. Weeeeeee, some fun. I'm sad I can't buy any more stock until A...
by J G Bankerton
Sat Jan 19, 2019 4:48 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3578

Re: How much money does one need to setup a private S&P 500 fund?

I can't tell whether you're serious or not. I stated this is most likely academic because of today's low fees. Still there must be a sum where it makes sense to setup a private index fund. I like voting my shares too; one can't do that with mutual funds. Fidelity Zero Total Market Fund has 0 ER, $0...
by J G Bankerton
Sat Jan 19, 2019 4:47 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3578

Re: How much money does one need to setup a private S&P 500 fund?

willthrill81 wrote:
Sat Jan 19, 2019 4:39 pm
I can't tell whether you're serious or not.
I stated this is most likely academic because of today's low fees. Still there must be a sum where it makes sense to setup a private index fund. I like voting my shares too; one can't do that with mutual funds.
by J G Bankerton
Sat Jan 19, 2019 4:28 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3578

Re: How much money does one need to setup a private S&P 500 fund?

I had an account through Merrill Lynch that did something similar,.. The reason to do this is to avoid management fees. Even at .04% it adds up but not like the old days. This is a academic question because I figure it would take at least a billion to match the S&P 500. What is the smallest registe...
by J G Bankerton
Sat Jan 19, 2019 2:14 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2299
Views: 400172

Re: What are you up YTD? [Year To Date]

S&P 500 up 6.54% for the year, I am up far less than that. Fees and cash holdings eat into returns. US large stocks have outperformed international slightly and bonds significantly. That's going to be your difference for the most part. I was assuming all stock. No index fund can ever match the inde...
by J G Bankerton
Sat Jan 19, 2019 2:01 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3578

How much money does one need to setup a private S&P 500 fund?

Back in the day, before index funds and free trading, I read how to set up an S&P 500 fund using a represented number of companies, about 50 or so and dividend reinvestment. If one wanted to hold all 500 stocks in the index what is the least amount of money needed to buy the stocks, assuming one sha...
by J G Bankerton
Sat Jan 19, 2019 1:47 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2299
Views: 400172

Re: What are you up YTD? [Year To Date]

TheTimeLord wrote:
Sat Jan 19, 2019 12:31 pm
S&P 500 up 6.54% for the year, I am up far less than that.
Fees and cash holdings eat into returns. If I was a billionaire I would make my own index fund.
by J G Bankerton
Sat Jan 19, 2019 1:42 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790188

Re: U.S. stocks in free fall

Anyone still hold cash on the sideline? I am basically all cash. I hold 0% equities. This is far from over. On December 24, 2018 I borrowed from my "emergency" cash trying to catch the falling knife. bought VTI at 121.9, 120.94 and 120. Weeeeeee, some fun. I'm sad I can't buy any more stock until A...
by J G Bankerton
Sat Jan 19, 2019 12:04 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2299
Views: 400172

Re: What are you up YTD? [Year To Date]

I'm up 4.82% this year. Much better than down the 3.2% I was for 2018.
by J G Bankerton
Thu Jan 17, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Using Medicare while having employer insurance
Replies: 4
Views: 452

Re: Using Medicare while having employer insurance

I'm retired so this may not apply to your father. I retired before I was 65 with full employer covered health care for life, "Cadillac" insurance. When I reached retirement age it was mandatory I switch to Medicare. My employer pays 1/3 of my premium for part B and fully covers part D and any copays...
by J G Bankerton
Thu Jan 17, 2019 9:10 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 853
Views: 45078

Re: John Bogle has died at age 89

Many hedge fund types, who despised Mr. Bogle, today are calling him a saint. "Mad Money" Cramer called them out but not by name.
by J G Bankerton
Wed Jan 16, 2019 5:32 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 853
Views: 45078

Re: John Bogle is dead at 89

Sadly I never did get to meet him.
by J G Bankerton
Tue Jan 15, 2019 3:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 556
Views: 60927

Re: U.S. stocks continue to soar!

Along the lines of those numbers, the WSJ ran an article recently that examined the accuracy of the impression that stock market swings were occurring more quickly than they have in the past. Many investors (including myself) thought that the quants and algorithms made for a market that was quicker...
by J G Bankerton
Sat Jan 12, 2019 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguards recommends investors to increase international (non-US) stock holdings to 40% ?
Replies: 74
Views: 6748

Re: Vanguards recommends investors to increase international (non-US) stock holdings to 40% ?

Typ997S wrote:
Fri Jan 11, 2019 5:49 pm
At the other extreme, some argue that an international allocation is unnecessary.
Mr. Bogle was very frank in his reasoning to avoid foreign stocks.
by J G Bankerton
Sat Jan 12, 2019 7:42 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790188

Re: U.S. stocks in free fall

I don't think that federal employees comprise such a big share of the employed force, and I also don't think that they contribute as much to their savings plans as the upper rank of the private sector employees. The rank and file are represented employees.The union is pro active in getting its memb...
by J G Bankerton
Sat Jan 12, 2019 6:14 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 8430

Re: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]

Vanguard probably has a lot of exposure to leveraged and inverse ETFs because they are free to trade. They were always excluded from free trades; now they are totally excluded. I have a mid six figure Roth IRA I am about to move away from Vanguard because of this decision. That is lost AUM they wil...
by J G Bankerton
Sat Jan 12, 2019 1:30 pm
Forum: Investing - Theory, News & General
Topic: Are index fund managers forced to sell stocks when incurring greater trading?
Replies: 28
Views: 1990

Re: Are index fund managers forced to sell stocks when incurring greater trading?

I was talking to a friend and he said that ETFs are way better than mutual funds because when holders of mutual funds begin to sell their funds, this causes the mutual fund manager to have to sell stocks within the fund as well. Is this true? I think he may be thinking of actively managed funds and...
by J G Bankerton
Sat Jan 12, 2019 1:15 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 8430

Re: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]

Random Musings wrote:
Sat Jan 12, 2019 12:43 pm
Weird that you will be able to short an individual stock, ...
Does Vanguard lend stock for shorting?
by J G Bankerton
Sat Jan 12, 2019 1:10 pm
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 220
Views: 14346

Re: What is your allocation to U.S. and International?

We must not forget the currency risks of unhedged funds. Why would I buy bonds from a country whos currency is not the de facto world currency. Gold and oil are priced in US dollars. Being the world currency gives US an advantage in both bonds, stocks and real world personal buying power. I'm holdin...
by J G Bankerton
Fri Jan 11, 2019 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Securities Exchange Commishion fee queston.
Replies: 16
Views: 534

Re: Securities Exchange Commishion fee queston.

How much trading does Vanguard do internally without having to sell securities. With four trillion under management they should be able to do some. Not as much as you think. Vanguard would only have to swap stock in the mutual funds and they would have all night to do it. It doesn't make sense to b...
by J G Bankerton
Fri Jan 11, 2019 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Securities Exchange Commishion fee queston.
Replies: 16
Views: 534

Re: Securities Exchange Commishion fee queston.

It is only charged on the sale of exchange-traded securities. That is good to know. That is another reason to be an investor and not a trader. I will point out that as a mutual fund investor, you still pay this fee - just indirectly. The mutual fund needs to run its own trading desk, they have to t...
by J G Bankerton
Fri Jan 11, 2019 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Securities Exchange Commishion fee queston.
Replies: 16
Views: 534

Re: Securities Exchange Commishion fee queston.

jhfenton wrote:
Fri Jan 11, 2019 11:04 am
It is only charged on the sale of exchange-traded securities.
That is good to know. That is another reason to be an investor and not a trader.
by J G Bankerton
Fri Jan 11, 2019 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Securities Exchange Commishion fee queston.
Replies: 16
Views: 534

Re: Securities Exchange Commishion fee queston.

I notice when I sell VGSLX there is no fee and when I sell VNQ there is a fee. They are the same fund, REIT, just a different class of shares. The ETF flavor has the fee wile the mutual fund does not. Does Vanguard eat the fee or is the fee only charged for ETF sales? :confused
by J G Bankerton
Thu Jan 10, 2019 7:09 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 8430

Re: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]

The securities referred to herein are not to be offered, sold or otherwise made available to to any retail investor in the European Economic Area and any person who is a retail investor in the European Economic Area should not act or rely on this information or any of its contents.
by J G Bankerton
Thu Jan 10, 2019 6:37 pm
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 220
Views: 14346

Re: What is your allocation to U.S. and International?

fortyofforty wrote:
Thu Jan 10, 2019 6:29 pm

As for the title, it mentions neither stocks nor bonds.
Most, like I, assume stocks as foreign bonds are not in the three fund portfolio.

How many hold ANY foreign bonds?
by J G Bankerton
Thu Jan 10, 2019 6:24 pm
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 220
Views: 14346

Re: What is your allocation to U.S. and International?

fortyofforty wrote:
Thu Jan 10, 2019 12:45 pm

The OP clearly states "U.S. and International stocks and bonds."
Not in the title. No one reads the posts as is evident by no one mentioning bonds.
by J G Bankerton
Thu Jan 10, 2019 11:07 am
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 220
Views: 14346

Re: What is your allocation to U.S. and International?

I believe I saw an article regarding the fact that, due to the markets outperforming each other for different stretches, the 50/50 allocation actually had higher returns over 100% US I also don’t feel like banking on 1 country for everything, I’ll just leave it at that Do you also diversify globall...
by J G Bankerton
Thu Jan 10, 2019 10:56 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 556
Views: 60927

Re: U.S. stocks continue to soar!

We are in a "shut down" and a "trade war" and stocks are soaring. Any hint of things getting settled will cause a super soar. I went long in December so I'm good. I have been averaging in over time, and I'm also good. My balance isn't as high as it was in September, but my average cost is much much...
by J G Bankerton
Wed Jan 09, 2019 11:57 am
Forum: Investing - Theory, News & General
Topic: A Test of Warren Buffett's 90:10 Retirement Portfolio
Replies: 33
Views: 4081

Re: A Test of Warren Buffett's 90:10 Retirement Portfolio

Where did you come up with this questionable information? Did you forget that we are talking about Buffett’s second wife, who he married about 20 years ago? There is no doubt a prenup that would override any laws that would affect what a non-prenupped spouse would get. If there is a prenuptial agre...
by J G Bankerton
Wed Jan 09, 2019 10:13 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 556
Views: 60927

Re: U.S. stocks continue to soar!

We are in a "shut down" and a "trade war" and stocks are soaring. Any hint of things getting settled will cause a super soar. I went long in December so I'm good.
by J G Bankerton
Wed Jan 09, 2019 9:39 am
Forum: Investing - Theory, News & General
Topic: It was a dip. Did you notice? The December drop is over.
Replies: 51
Views: 6869

Re: It was a dip. Did you notice? The December drop is over.

I called it on December 26, 2018 at 12:04 PM EDT.
J G Bankerton wrote:
Wed Dec 26, 2018 12:04 pm
This is it; my bots have not executed a buy order today. Not even close.

Santa has one hand on the throttle and one hand on the whistle.
Do you want to run with Santa or do you want to run from Santa?
by J G Bankerton
Wed Jan 09, 2019 7:57 am
Forum: Investing - Theory, News & General
Topic: A Test of Warren Buffett's 90:10 Retirement Portfolio
Replies: 33
Views: 4081

Re: A Test of Warren Buffett's 90:10 Retirement Portfolio

I don't know that she will have billions. All of his Berkshire stock is going to charity. She owns 1/2 of whatever her husband owns now and 100% after he dies. How much he can give away after death is a question for lawyers. His children can be cut out completely though. I find it hard to believe s...
by J G Bankerton
Wed Jan 09, 2019 7:30 am
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 220
Views: 14346

Re: What is your allocation to U.S. and International?

dozer183e wrote:
Wed Jan 09, 2019 1:52 am
I have always had a desire to have a REIT and Small Cap Tilt, but that ends up being 30% of my Equities.
I used to have 10% REITs but the taxes were too high as the dividend is taxed as income. Total stock has REITs and smaller cap stocks. Sector funds are cyclical so why chase them?
by J G Bankerton
Tue Jan 08, 2019 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 375
Views: 22367

Re: What are your property taxes?

$31,020 for tax year 2018. 5 beds 5 baths 12,561 sqft , 5.5 acers, in Mendham, NJ 07945 Guess the house, it was featured on a TV series; no not Jersey Shore. That property is taxes at 1.85% of fair market value. My, slightly more modest, home in the same county is taxed, at 2.75% of its fair value....
by J G Bankerton
Tue Jan 08, 2019 12:03 pm
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 220
Views: 14346

Re: What is your allocation to U.S. and International?

The Vanguard TR and LS funds have been 60/40, US/foreign, for years. Are you reporting that the international allocation will now be increased above 40% and that Vanguard has actually made such an announcement? I think it was April of 2017 when Vanguard increased exposure to foreign. So we had Vang...
by J G Bankerton
Mon Jan 07, 2019 11:17 pm
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 220
Views: 14346

Re: What is your allocation to U.S. and International?

Whatever the market allocation is. Increasingly I look at these questions like "what is your allocation to Consumer Discretionary, Information Technology and other market sectors?", with a lot of armchair expert opinions on how they have heavily tilted to the rear-view mirror "winners". Vanguard do...
by J G Bankerton
Mon Jan 07, 2019 5:39 pm
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 220
Views: 14346

Re: What is your allocation to U.S. and International?

Hiwatter wrote:
Mon Jan 07, 2019 2:29 pm
66% US and 12% International

I try to target 10%, but I don't feel now is a good time to rebalance down my International and move the money to my Total US Fund... opinions?
If you are in the accumulation phase just don't buy any foreign and it will rebalance on its own.
by J G Bankerton
Mon Jan 07, 2019 11:08 am
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 220
Views: 14346

Re: What is your allocation to U.S. and International?

I have empirical evidence that now is not the time to sell foreign stock. My buy of VXUS on January 3ed is up 2.39% YTD. I'm holding my target allocation at 10%.
by J G Bankerton
Sun Jan 06, 2019 9:33 pm
Forum: Personal Consumer Issues
Topic: German University Diplom transfer into a Bachelor or Master?
Replies: 6
Views: 325

Re: German University Diplom transfer into a Bachelor or Master?

If by "transfer" you mean getting a degree from a US school with attending class I doubt it. You may get some credit for a degree for the work you did in Germany.