Search found 9 matches

by Snarfanio
Sun Nov 05, 2017 8:29 pm
Forum: Investing - Theory, News & General
Topic: Does Blackrock think it's all a game?
Replies: 33
Views: 4819

Re: Does Blackrock think it's all a game?

My own answers... Is this an insult to Millennials? Perhaps unwittingly. Is this left over from April 1? Didn't think so. Did I miss a smiley? Didn't think so. Does this give you a lot of faith in Blackrock? No. Seems the Blackrock executive thinks like a carnival barker. That's not someone I want ...
by Snarfanio
Wed Nov 01, 2017 10:24 pm
Forum: Investing - Theory, News & General
Topic: Expanding on The Rewards Of Multiple Asset Class Investing
Replies: 38
Views: 2683

Re: Expanding on The Rewards Of Multiple Asset Class Investing

Sergio, Perhaps that’s the difference between expected returns and actual returns? Dave Dave, No, it's not that at all. It's Investing 101, risk-return curve basics. See the third graph here: http://www.swapmeetdave.com/Bible/USForeign.htm All portfolios with asset classes that don't have a perfect...
by Snarfanio
Wed Nov 01, 2017 7:26 pm
Forum: Investing - Theory, News & General
Topic: Expanding on The Rewards Of Multiple Asset Class Investing
Replies: 38
Views: 2683

Re: Expanding on The Rewards Of Multiple Asset Class Investing

Random Walker stated: "When one creates a portfolio of different assets, the expected return is the weighted average of the expected return of the individual assets." I know that even some of the best minds (including William Bernstein's) have made that mistake in the past, but it's simply not true....
by Snarfanio
Tue Oct 10, 2017 2:03 pm
Forum: Investing - Theory, News & General
Topic: Simba's backtesting spreadsheet [a Bogleheads community project]
Replies: 1047
Views: 582099

Re: Simba's backtesting spreadsheet [a Bogleheads community project]

Tyler and Siamond, Thanks for your replies. In my calculations I deducted ER, but when I use ER-adjusted Return = (Raw Return-ER)/(1+Raw Return), the numbers match perfectly. Problem solved. I understand why you used VTMGX Admiral for Int'l Developed EAFE. Maybe Vanguard wanted to start with larger ...
by Snarfanio
Tue Oct 10, 2017 12:39 pm
Forum: Investing - Theory, News & General
Topic: Simba's backtesting spreadsheet [a Bogleheads community project]
Replies: 1047
Views: 582099

Re: Simba's backtesting spreadsheet [a Bogleheads community project]

Siamond, CAGR and STDEV still don't match when I subtract the ER of 0.19% for the years 1927 through 1998 (1998 being the year of inception of the real world fund). So, was the ER not discontinued in the correct year? Mmmmm. To test that, I calculated myself CAGR and STDEV for the first 10 years, 19...
by Snarfanio
Mon Oct 09, 2017 1:03 pm
Forum: Investing - Theory, News & General
Topic: Simba's backtesting spreadsheet [a Bogleheads community project]
Replies: 1047
Views: 582099

Re: Simba's backtesting spreadsheet [a Bogleheads community project]

After looking more into this spreadsheet, I have a couple of questions/observations. 1) For Int'l Developed EAFE, VTMGX Admiral is used. Why not the Investor version, which is used for all other Vanguard funds in the spreadsheet? 2) When I calculate myself the CAGR and STDEV of SCV for 1927 through ...
by Snarfanio
Fri Oct 06, 2017 1:54 pm
Forum: Investing - Theory, News & General
Topic: Simba's Backtesting Spreadsheet: how useful is it?
Replies: 11
Views: 900

Re: Simba's Backtesting Spreadsheet: how useful is it?

Tyler and Siamond, Thank you much for your feedback to clarify things. I'll be studying this tool a lot more and I may have additional questions later on; I have a habit of doing that. I downloaded Rev16e, according to the Readme file, so I think I'm good there. I noticed that for SCV the Vanguard r...
by Snarfanio
Thu Oct 05, 2017 4:44 pm
Forum: Investing - Theory, News & General
Topic: Simba's Backtesting Spreadsheet: how useful is it?
Replies: 11
Views: 900

Re: Simba's backtesting spreadsheet [a Bogleheads community project]

And I would like this post to stand on its own as it may get lost in this mega-thread. Could you please reverse.
by Snarfanio
Thu Oct 05, 2017 2:41 pm
Forum: Investing - Theory, News & General
Topic: Simba's Backtesting Spreadsheet: how useful is it?
Replies: 11
Views: 900

Simba's Backtesting Spreadsheet: how useful is it?

I'm at a loss at to what data is actually used to analyze portfolios. Would greatly appreciate feedback, particularly from siamond! Let's use small cap value stock returns in 1930 and 2008 as examples. I found two data sources in the spreadsheet, portfoliocharts and DFA. portfoliocharts: 1930 -36.54...