Search found 15 matches

by wiredaces80
Fri Mar 27, 2020 10:07 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4028
Views: 312798

Re: Coronavirus and the market

Coronavirus will be discussed for many, many years in statistics classes as an example of how sample bias can mislead and distort truth.

There are lies, damn lies, and statistics.
by wiredaces80
Fri Dec 06, 2019 2:15 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says 30 years Roth IRA to 1.3 million?
Replies: 239
Views: 22027

Re: Dave Ramsey says 30 years Roth IRA to 1.3 million?

What am I missing? inflation for your date range (after 91 we get more or less "modern era"-type inflation) 1991 5.65% 1990 5.20% 1989 4.67% 1988 4.05% 1987 1.46% 1986 3.89% 1985 3.53% 1984 4.19% 1983 3.71% 1982 8.39% 1981 11.83% 1980 13.91% 1979 9.28% 1978 6.84% 1977 5.22% 1976 6.72% 1975 11.80% 1...
by wiredaces80
Fri Dec 06, 2019 1:07 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says 30 years Roth IRA to 1.3 million?
Replies: 239
Views: 22027

Re: Dave Ramsey says 30 years Roth IRA to 1.3 million?

It seems that some of the issue taken with the notion that 30 years can yield a 12% return is the time period that investing begins for any given individual. I really wish PortfolioVisualizer went back further than 1972, but for what it's worth, here are the annual returns (CAGR) from each 30 year p...
by wiredaces80
Fri Dec 06, 2019 12:19 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says 30 years Roth IRA to 1.3 million?
Replies: 239
Views: 22027

Re: Dave Ramsey says 30 years Roth IRA to 1.3 million?

A couple points: 1) That we've been in a bull market for 10 years might explain some of Ramsey's popularity. Had returns been lower, his sales pitch on mutual funds would not be going over as well. You may well be right, though that isn't the case for me. I had started listening to Dave back in ~20...
by wiredaces80
Sun Dec 01, 2019 8:22 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says 30 years Roth IRA to 1.3 million?
Replies: 239
Views: 22027

Re: Dave Ramsey says 30 years Roth IRA to 1.3 million?

Let me start by saying that if it wasn't for Dave Ramsey, I would be in a far worse position financially than I am now. So for those of you saying he gives bad advice...well, I'd suggest that you might be a reductionist - maybe you are basing your "he gives bad advice" label on just 1 or 2 factors, ...
by wiredaces80
Mon Nov 25, 2019 7:09 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 230051

Re: Small Cap Value heads Rejoice !!!

I just posted this in another thread, but it's relevant to this one as well: https://paulmerriman.com/wp-content/uploads/2018/06/Asset-Class-Comparisons.pdf I think it's important to note that over the last 90-100 years, SCV has not always performed better than everything else, in any conceivable pe...
by wiredaces80
Mon Nov 25, 2019 7:02 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value Investors: Time to Back Up the Truck?
Replies: 94
Views: 8919

Re: Small Cap Value Investors: Time to Back Up the Truck?

Small Cap value ain't what it used to be. Many small companies over the past decade or so have stayed private until the venture capitalists who own big chunks of them could make huge amounts taking them public. This often means investors only get to invest in them after the excitement has been work...
by wiredaces80
Tue Nov 12, 2019 6:28 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 16588

Re: Spend It All vs. Leave $$ for the Kids

Some believe "teaching a man to fish" and leaving nothing is best. In my opinion, this seems like a bit of a contradictory idea. Seems to me that if you spend everything, that isn't really teaching responsibility (at least not by example). It is very possible to spend most or even all of one's reso...
by wiredaces80
Tue Nov 12, 2019 4:15 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 3011
Views: 1917701

Re: The Three-Fund Portfolio

* Lousy returns. Small Cap Value Funds now have the worst performance of all Morningstar styles: http://news.morningstar.com/index/indexReturn.html Isn't this short term thinking though? Isn't it better to look at the long term and also consider reversion to the mean? If so, it would seem to me a g...
by wiredaces80
Tue Nov 12, 2019 2:26 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 3011
Views: 1917701

Re: The Three-Fund Portfolio

* Lousy returns. Small Cap Value Funds now have the worst performance of all Morningstar styles: http://news.morningstar.com/index/indexReturn.html Isn't this short term thinking though? Isn't it better to look at the long term and also consider reversion to the mean? If so, it would seem to me a g...
by wiredaces80
Tue Nov 12, 2019 2:00 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 16588

Re: Spend It All vs. Leave $$ for the Kids

MaryO wrote: Sat Nov 09, 2019 12:13 pm Some believe "teaching a man to fish" and leaving nothing is best.
In my opinion, this seems like a bit of a contradictory idea. Seems to me that if you spend everything, that isn't really teaching responsibility (at least not by example).
by wiredaces80
Sun Mar 10, 2019 12:46 am
Forum: Personal Investments
Topic: Thinking of switching taxable acct to Fidelity but confused about short term redemption/trading fees
Replies: 18
Views: 1586

Re: Thinking of switching taxable acct to Fidelity but confused about short term redemption/trading fees for ETFs

https://clearingcustody.fidelity.com/app/proxy/content?literatureURL=/890595.PDF Fidelity Clearing and Custody is not Fidelity Brokerage Services. "Fidelity Clearing and Custody" provides, well, clearing and custody services to registered investment advisors, banks & broker-dealers. Assuming you're...
by wiredaces80
Sat Mar 09, 2019 11:41 pm
Forum: Personal Investments
Topic: Thinking of switching taxable acct to Fidelity but confused about short term redemption/trading fees
Replies: 18
Views: 1586

Re: Thinking of switching taxable acct to Fidelity but confused about short term redemption/trading fees

OTOH, it is fairly easy to avoid the 30-day trading fees at TDAmeritrade because one can stagger purchases and sells of similar ETFs by more than 30 days if one wants to. But I admit that I have done some "day trading" a couple of times and paid the $13.90 fee when the gain was in the 4-figure rang...
by wiredaces80
Sat Mar 09, 2019 1:36 pm
Forum: Personal Investments
Topic: Thinking of switching taxable acct to Fidelity but confused about short term redemption/trading fees
Replies: 18
Views: 1586

Re: Thinking of switching taxable acct to Fidelity but confused about short term redemption/trading fees for ETFs

Thanks all, yeah - I guess this is something they would understandably want hidden (not even their rep was aware) :) I got the sense the uncertainty from the rep was due to the fact they are undergoing a lot of changes. Fidelity does not advertise "no early redemption fees" the way that Schwab does;...
by wiredaces80
Sat Mar 09, 2019 11:36 am
Forum: Personal Investments
Topic: Thinking of switching taxable acct to Fidelity but confused about short term redemption/trading fees
Replies: 18
Views: 1586

Thinking of switching taxable acct to Fidelity but confused about short term redemption/trading fees

Hi Everyone, Long time lurker (at least long enough to know to start my first post that way), first time poster. Wondering if someone can give me some insight on this: I'm thinking of moving a taxable account over from TD Ameritrade because I find the short term redemption fees to be quite annoying....