Search found 139 matches

by edgeagg
Fri Sep 13, 2019 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 85
Views: 4279

Re: Managing joint finances when one is a perfectionist

Going on 30 years married. We do division of labor: (1) Wife pays the bills since I can't be trusted to get it done on time. Since women generally outlive men, I should be all set. (2) I do the investing - which given that I am BH ain't much. We do a quarterly review of finances and spending pattern...
by edgeagg
Fri Sep 13, 2019 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Move up in house?
Replies: 22
Views: 1836

Re: Move up in house?

Given what we know, I know what I'd do: (1) I view a house as a totally illiquid investment - after all, I have to live somewhere. Tying up NW in an illiquid investment doesn't seem like an optimal path. (2) Isn't there a less dreamy house that is more affordable in the area? Frankly, my son's views...
by edgeagg
Thu Sep 05, 2019 3:16 pm
Forum: Investing - Theory, News & General
Topic: The S&P 500 Goes Supernova
Replies: 117
Views: 17761

Re: The S&P 500 Goes Supernova

Look at those beautiful normal distributions! I think Mandelbrot would write a chapter about the flaws in that piece. Well there is a very good reason why they look Gaussian. It is an artifact of bootstrapping since after all bootstrapping is independently resampling from the original data. Long ta...
by edgeagg
Thu Aug 22, 2019 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: White collars- How much is your work downtime?
Replies: 203
Views: 16265

Re: White collars- How much is your work downtime?

It was a phenomenon in factories too. (If the machines weren't breaking, the maintenance crews were still paid.) Actually, if machines aren't breaking it is in large part due to them being properly maintained by the hard working maintenance crews! :beer Very true! And tech is quite similar. :shareb...
by edgeagg
Thu Aug 22, 2019 6:49 pm
Forum: Investing - Theory, News & General
Topic: [Larry Swedroe: Small Value Stocks are Cheap, Factor Investing Works]
Replies: 673
Views: 25248

Re: Larry Swedroe: Factor Investing Works (Despite What Some May Say)

Well, here is the data from Portfolio Visualizer - the great clarifier: (1) For the entire period the DFA fund does come out slightly ahead as compared to VTSAX. The ending portfolio values/Sharpe ratios were $35550/0.43 (VTSAX) vs $43644/0.47 (DFA). So yes, during that period DFA does appear to hav...
by edgeagg
Tue Aug 20, 2019 10:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's "Bogle Site" gone? Hopefully just a glitch.
Replies: 52
Views: 9644

Re: Vanguard's "Bogle Site" gone? Hopefully just a glitch.

I'll speak for myself - and yes, I'm a bit more concerned than upset. Here is why: (1) Bogle felt drawn to a higher calling - namely shielding individual investors from the rapacity of the broker class. This comes across pretty clearly in his actions and books. (2) Vanguard was supposed to be a refl...
by edgeagg
Sat Aug 17, 2019 9:55 am
Forum: Personal Investments
Topic: Paging Taylor Larimore one last time!
Replies: 21
Views: 6722

Re: Paging Taylor Larimore one last time!

* Vanguard has a very useful Asset-Allocation Tool. This is the link: Investor Questionnaire Best wishes. Taylor Jack Bogle's Words of Wisdom: "Asset allocation is critically important; but cost is critically important, too -- All other factors pale into insignificance." Jack Bogle Taylor, Thanks f...
by edgeagg
Sat Aug 17, 2019 8:48 am
Forum: Personal Investments
Topic: Paging Taylor Larimore one last time!
Replies: 21
Views: 6722

Re: Paging Taylor Larimore one last time!

* Vanguard has a very useful Asset-Allocation Tool. This is the link: Investor Questionnaire Best wishes. Taylor Jack Bogle's Words of Wisdom: "Asset allocation is critically important; but cost is critically important, too -- All other factors pale into insignificance." Jack Bogle Taylor, Thanks f...
by edgeagg
Fri Aug 16, 2019 9:59 pm
Forum: US Chapters
Topic: Seattle Area Chapter Meetings - Master Thread
Replies: 137
Views: 32656

Re: Seattle Area Chapter Meetings - Master Thread

+1. Vote for the Eastside though :-).
by edgeagg
Fri Aug 16, 2019 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a break in your 50s: Is it the kiss of death?
Replies: 86
Views: 8336

Re: Taking a break in your 50s: Is it the kiss of death?

I'm a 40's tech worker and don't like the idea of being an "old" guy in the job market. A story that shows some of the challenges one is likely to face in tech: Am now 56 and recently left a very large social networking company (after my startup was acquired by it and I'd gone through my vesting pe...
by edgeagg
Fri Aug 16, 2019 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Why is Lisbon cheap compared to many of the cities Western Europe?
Replies: 20
Views: 3106

Re: Why is Lisbon cheap compared to many of the cities Western Europe?

Well, I spent about a month there recently and had a great time. People were genuinely warm and the $ went very far. We are thinking of moving to Europe some time in the next 10 years and are spending longish vacations in places that we may want to move to. Next up is Valencia in Spain.....
by edgeagg
Wed Aug 14, 2019 10:08 pm
Forum: Investing - Theory, News & General
Topic: "Retirement Planning Is Complicated. Your Retirement Portfolio Shouldn't Be"
Replies: 40
Views: 3787

Re: "Retirement Planning Is Complicated. Your Retirement Portfolio Shouldn't Be"

Well, Taylor. This has nothing to do with simplicity or the 3 fund portfolio, but congratulations for being just 5 years away from a centurion and having all of your faculties intact!!

All the very best, and thanks for your service to this community!
ea
by edgeagg
Wed Aug 14, 2019 10:01 pm
Forum: Investing - Theory, News & General
Topic: Lawsuit suggests MIT allowed Fidelity to pack retirement plans with high-fee funds
Replies: 54
Views: 4515

Re: Lawsuit suggests MIT allowed Fidelity to pack retirement plans with high-fee funds

https://www.courtlistener.com/recap/gov.uscourts.mad.182647.1.0.pdf The list of funds starts on page 17. The excess fees stated in percentage terms are absurdly presented; for instance, one Vanguard index fund previously offered for 2bps was upgraded to a fund offered for 1bp (100% excess cost). Wh...
by edgeagg
Wed Aug 14, 2019 11:21 am
Forum: Investing - Theory, News & General
Topic: Vanguard website fail at the propitious moment
Replies: 41
Views: 4386

Re: Vanguard website fail at the propitious moment

However it seems to me that the business models are a bit different: If you can't login to the amzn site, they lose a sale. If you can't log into VG during high traffic period, it reduces the buy/sell transactions on funds, which might be considered a feature - kind of like Odysseus being strapped ...
by edgeagg
Wed Aug 14, 2019 9:01 am
Forum: Investing - Theory, News & General
Topic: Vanguard website fail at the propitious moment
Replies: 41
Views: 4386

Re: Vanguard website fail at the propitious moment

Umm. It may not be a frontend issue. If VG uses a relational DB then that can easily be a choke point - even more so with network failures and retry logic in the frontend. Yes. Very true. Likely it is a RDB. However, the inability to have people be able to log on is an issue in front of the RDB. I ...
by edgeagg
Tue Aug 13, 2019 5:45 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website fail at the propitious moment
Replies: 41
Views: 4386

Re: Vanguard website fail at the propitious moment

Umm. It may not be a frontend issue. If VG uses a relational DB then that can easily be a choke point - even more so with network failures and retry logic in the frontend.
by edgeagg
Wed Jul 31, 2019 3:24 pm
Forum: Investing - Theory, News & General
Topic: Portfolio Visualizer help
Replies: 15
Views: 928

Re: Portfolio Visualizer help

Don't feel too bad. Many of us have made the same mistake. I invested 100K with Voya for a year and landed up paying 2% for what was a loss in a rising market! I didn't know about PV at the time....
by edgeagg
Mon Apr 29, 2019 10:58 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 324
Views: 41210

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

I've a dumb question or two: (1) Is the volatility of BC partly due to lack of vendors who accept it? If the value of a coin is highly variable - especially variable and trending down, like the bolivar, I'm not likely to accept it. A google search doesn't yield much confidence in convertibility. Con...
by edgeagg
Thu Apr 25, 2019 8:38 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 324
Views: 41210

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

As other commenters have noted, since Bitcoin is not accepted for buying stuff in the majority of cases, it has no value other than a purely random investment. In this case, I'd suggest starting an exchange where the daily price is driven by a Gaussian noise combined with purely speculative demands....
by edgeagg
Mon Apr 15, 2019 8:05 am
Forum: Investing - Theory, News & General
Topic: Home equity as % of AA
Replies: 41
Views: 3167

Re: Home equity as % of AA

Only place used by me is in umbrella insurance calculation.
by edgeagg
Thu Apr 04, 2019 3:57 pm
Forum: Investing - Theory, News & General
Topic: Why take the risk with equities?
Replies: 122
Views: 8381

Re: Why take the risk with equities?

Inflation risk is always present when you start talking about investment or insurance vehicles that pay out in nominal terms, but it's very easy to exaggerate that risk. 1) Its' not reasonable to assume that retiree spending will inflate precisely along with CPI when we know that - on average - it ...
by edgeagg
Thu Apr 04, 2019 3:51 pm
Forum: Investing - Theory, News & General
Topic: Make sure your retirement investment plan includes being fired from your job in your 50s
Replies: 285
Views: 17323

Re: Make sure your retirement investment plan includes being fired from your job in your 50s

All I hear is anecdotes with nothing provable. The underpayment of H-1Bs is well-established fact, not rumor, anecdote or ideology. It has been confirmed by two congressionally-commissioned reports, and a number of academic studies, in both statistical and qualitative analyses. (1) References will ...
by edgeagg
Thu Apr 04, 2019 1:34 pm
Forum: Investing - Theory, News & General
Topic: Make sure your retirement investment plan includes being fired from your job in your 50s
Replies: 285
Views: 17323

Re: Make sure your retirement investment plan includes being fired from your job in your 50s

What is the incentive for age discrimination? The same as it's always been. Young is cheaper. And young H-1B workers are cheaper than young US citizens and permanent residents. Well, in general, younger workers are cheaper than older ones. I've done a number of startups and worked in several of the...
by edgeagg
Tue Mar 26, 2019 10:16 pm
Forum: Investing - Theory, News & General
Topic: Why take the risk with equities?
Replies: 122
Views: 8381

Re: Why take the risk with equities?

The vast majority of retirees should not be in the stock market. Just to clarify, most retirees have barely two nickels to invest in anything. I think your point is that the vast majority of retirees, including those who have significant retirement assets , should still not be in the stock market.[...
by edgeagg
Tue Mar 26, 2019 10:05 pm
Forum: Investing - Theory, News & General
Topic: I hate bonds
Replies: 116
Views: 13796

Re: I hate bonds

I did, till I read Swedroe's excellent book. But my fixed investment portfolio is still pretty simple.
by edgeagg
Fri Mar 22, 2019 11:23 am
Forum: Investing - Theory, News & General
Topic: exotic ETFs
Replies: 16
Views: 1130

Re: exotic ETFs

Well if money buys influence, then it’s possible these companies could benefit from favorable legislation. MAGA screens the components of the S&P 500 Index for companies whose political campaign contributions (from employees and political action committees) meet a minimum threshold over the previou...
by edgeagg
Fri Mar 22, 2019 10:34 am
Forum: Investing - Theory, News & General
Topic: exotic ETFs
Replies: 16
Views: 1130

Re: exotic ETFs

By far the most absurd ETF premise, in my opinion: https://www.etf.com/MAGA ROTFL. Their AUM is just 31.25 M so they must not be doing something right. Compare that with DSI, with 1.35 B AUM. Looks like they don't invest in tech stocks, instead are mostly energy and companies like autozone etc. Wha...
by edgeagg
Mon Mar 04, 2019 9:38 am
Forum: Investing - Theory, News & General
Topic: BIL, puzzling T-bill ETF: why have people put $7.9 billion into it?
Replies: 24
Views: 3774

Re: BIL, puzzling T-bill ETF: why have people put $7.9 billion into it?

I just completed a lot of research into where to keep some cash that I have in my accounts. I chose BIL for safety, liquidity, rock solid price and 100% 1-3 Month TBills in the fund. The return is lower than VMMXX but it has no stop for price redemption issues like MM funds. It is not a mutual fund...
by edgeagg
Thu Feb 21, 2019 11:07 am
Forum: Investing - Theory, News & General
Topic: NYT opinion piece calling for more investigation of index providers
Replies: 21
Views: 3750

Re: NYT opinion piece calling for more investigation of index providers

nisiprius wrote:
Thu Feb 21, 2019 10:14 am

In any case, "we're the only one" should be conspicuously disclosed.

And when they make me King of the SEC, I'll issue the edict.
100% agree to both of the sentiments above.
by edgeagg
Wed Feb 20, 2019 9:01 pm
Forum: Investing - Theory, News & General
Topic: NYT opinion piece calling for more investigation of index providers
Replies: 21
Views: 3750

Re: NYT opinion piece calling for more investigation of index providers

...An index fund such as the S&P 500 is a delegated entity driven by the composition of the underlying S&P 500 index. The constituents of the S&P 500 itself change according to the Index Committee. Consequently the Index Committee is the true manager of the fund and the fund has merely delegated ma...
by edgeagg
Tue Feb 19, 2019 12:29 pm
Forum: Investing - Theory, News & General
Topic: NYT opinion piece calling for more investigation of index providers
Replies: 21
Views: 3750

Re: NYT opinion piece calling for more investigation of index providers

The "Misuses of the S&P 500" is here in SSRN. The link for "Passive in Name Only" is correct - it makes for interesting reading as well.
by edgeagg
Tue Feb 19, 2019 11:52 am
Forum: Investing - Theory, News & General
Topic: NYT opinion piece calling for more investigation of index providers
Replies: 21
Views: 3750

Re: NYT opinion piece calling for more investigation of index providers

It might be worth reading the SSRN papers by Adriana Robertson that makes the following points: (1) An index fund such as the S&P 500 is a delegated entity driven by the composition of the underlying S&P 500 index. The constituents of the S&P 500 itself change according to the Index Committee. Conse...
by edgeagg
Wed Jan 16, 2019 10:26 am
Forum: Investing - Theory, News & General
Topic: Vanguard will use blockchain to share index data
Replies: 71
Views: 9678

Re: Vanguard will use blockchain to share index data

This is no doubt totally (and embarrassingly) naive, but... if the "benefit" is that "will be distributed on many different computers and that makes it super difficult to hack"...and there are/can be "transactions against the data by participants and these need to be timestamped and ledgerized"... ...
by edgeagg
Tue Jan 15, 2019 10:12 pm
Forum: Investing - Theory, News & General
Topic: "College Endowments Badly Trail The Market"
Replies: 29
Views: 3476

Re: "College Endowments Badly Trail The Market"

Like with state pension plan managers, they can’t make big bucks (and also ensure friends in the the financial services industry get a hefty cut), if they simply put it all in VBIAX. Columbia may be on to something. Take a look at the paper . They regress the returns against distance to major finan...
by edgeagg
Tue Jan 15, 2019 9:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard will use blockchain to share index data
Replies: 71
Views: 9678

Re: Vanguard will use blockchain to share index data

This reminds me of a Matt Levine piece at Bloomberg a while back, although I can't find the link. He basically argued that "Blockchain" is a word that people in IT can say to their bosses that gets bricks of money thrown at them. So they've used it as an excuse to upgrade their technology by saying...
by edgeagg
Tue Jan 15, 2019 9:39 pm
Forum: Investing - Theory, News & General
Topic: IOTA the new crypto?
Replies: 9
Views: 726

Re: IOTA the new crypto?

I work in this area. I'm still confused by the actual business case here. All these byzantine fault tolerance (BFT) algos are fun but I've yet to see a compelling business scenario here. Here is (partly) why: All of these algos equate the digital good with the physical good, this is fine for some cl...
by edgeagg
Fri Nov 09, 2018 8:23 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1613
Views: 240699

Re: QSPIX - thoughts on interesting fund

I think you know the answer. Those are pure equity funds, dominated by market beta. Market beta dominates virtually all of our portfolios. It is the easiest and cheapest factor to invest in. We are discussing improving portfolio efficiency by diversifying away from that single factor. QSPIX has no ...
by edgeagg
Fri Nov 09, 2018 8:14 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 301
Views: 47748

Re: Whats your number to walk away?

After reading the last few posts here, I deleted my retirement plan from my computer and started working on a new resume. Flyingaway is the man!! Yep! If I had followed that path, I would have spent the past 17 years at the "office." Ugh! I assume that flyingaway was being ironic :beer. Some of the...
by edgeagg
Fri Nov 09, 2018 7:07 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1613
Views: 240699

Re: QSPIX - thoughts on interesting fund

QSPIX has been up nicely in the last couple of days. I wonder if it will finally do what it is supposed to do? Yes, I know two days doesn't mean much of anything, but it's still nice to see after all these years of waiting. I'm not sure what you expect but the fund has matched a globally diversifie...
by edgeagg
Fri Nov 09, 2018 8:57 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Understanding Risk & Return
Replies: 19
Views: 1694

Re: Larry Swedroe: Understanding Risk & Return

I have some returns data on the alternatives. All are annualized returns SRRIX: 1 year -12.67%, since inception 12/9/13 2.98% LENDX 1 year 5.98%, since inception 6/1/16 8.61% AVRPX 1 year 0.01%, since inception 4/2/15 4.65% QSPIX 1 year -7.62%, 5 years since inception 10/31/13 4.85% Dave @Dave: Sho...
by edgeagg
Fri Nov 09, 2018 8:07 am
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 301
Views: 47748

Re: Whats your number to walk away?

Scooter's post should be in the Wiki. I'll post a slightly different view: I'm an immigrant and have been in the US for 30 years now. Like all immigrants, I've deep seated insecurities around money since most immigrants believe that they are one step away from the poorhouse => work is everything. Wh...
by edgeagg
Thu Nov 08, 2018 4:26 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 301
Views: 47748

Re: Whats your number to walk away?

flyingaway wrote:
Thu Nov 08, 2018 3:48 pm
After reading the last few posts here, I deleted my retirement plan from my computer and started working on a new resume.
Flyingaway is the man!!
by edgeagg
Thu Nov 08, 2018 1:25 pm
Forum: Investing - Theory, News & General
Topic: II - The Wall Street Math Hustle
Replies: 21
Views: 3367

Re: II - The Wall Street Math Hustle

Would be an idea - this "ETF fund" already has 15 million AUM, so a similar scheme with 1% ER less 0.2% ETF fees would make you 120k per year. A look at the prospectus shows 32% in S&P 500 ETFs, 14% MSCI Europe ETF, and so on ... they're fleecing investors who could just hold a total stock and tota...
by edgeagg
Thu Nov 08, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Understanding Risk & Return
Replies: 19
Views: 1694

Re: Larry Swedroe: Understanding Risk & Return

NO, NO, NO. Taleb and Larry are not remotely in agreement. Taleb believes you should buy way out of the money options. Larry believes you should sell way out of the money options to people like Taleb. They advocate taking opposite sides of the trade. OK, I'll ask a stupid question here: What differ...
by edgeagg
Wed Nov 07, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Understanding Risk & Return
Replies: 19
Views: 1694

Re: Larry Swedroe: Understanding Risk & Return

No Larry didn’t make that claim in the article. Any error is my own. And I have read that Central Limit Theorm doesn’t necessarily apply; I’ll read the wiki and certainly learn something. But intuitively, and I’m pretty sure Larry would agree, mixing assets with different uncorrelated left tail ris...
by edgeagg
Wed Nov 07, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: II - The Wall Street Math Hustle
Replies: 21
Views: 3367

Re: II - The Wall Street Math Hustle

Just saw an ad of a local bank that now provides "diversified investments via ETFs". They created a fund that holds ETFs, put the "diversification" marketing tag on it and charge 1.35% expense ratio. Buyer beware. Wow! Holy c**p! Their prospectus should make for interesting reading. You could set u...
by edgeagg
Wed Nov 07, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Understanding Risk & Return
Replies: 19
Views: 1694

Re: Larry Swedroe: Understanding Risk & Return

https://www.etf.com/sections/index-investor-corner/swedroe-understanding-risk-return?nopaging=1 By combining multiple uncorrelated assets, each with their own particular SD, negative skew, and kurtosis, the individual can actually make the behavior of his portfolio look more like a normal distribut...
by edgeagg
Wed Nov 07, 2018 3:52 pm
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 11256

Re: This man can predict when bubbles burst: time to time the market?

The difference is when somebody and encrypts something they may be able to say it was meant to be interpreted a certain way. when something's written down plain and simple you have your answer if they're right or wrong. Umm. No. The reason he encrypts stuff is to be able to claim that his predictio...
by edgeagg
Wed Nov 07, 2018 3:07 pm
Forum: Investing - Theory, News & General
Topic: II - The Wall Street Math Hustle
Replies: 21
Views: 3367

Re: II - The Wall Street Math Hustle

There is one small problem with the paper, as far as I can tell. The two curves shown in the paper in the figure entitled "Slippery Correlation Ramp"- which I recreated using R in the code below don't have a negative correlation at all. In fact they are strongly positively correlated. I am mostly in...
by edgeagg
Wed Nov 07, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 11256

Re: This man can predict when bubbles burst: time to time the market?

Thanks. It's an interesting idea. I wonder how it's held up in the past. Like most backtested theories, probably pretty well. The guy has this experiment going where he "releases" encrypted short-term predictions and reveals them 6 months later. According to the TED talk. The theory should allow sh...