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by typical.investor
Sat Jul 04, 2020 10:40 pm
Forum: Personal Investments
Topic: Why [was] QSPIX steadily declining?
Replies: 87
Views: 14884

Re: Why [was] QSPIX steadily declining?

Not sure why that is but all (or most) AQR Funds have subpar performance dating back early 2018. Does not reflect well on Cliff Asness who's otherwise a very sensible guy. I heard Cliff in an interview saying the past couple of years in particular have seen pricing deviate from fundamentals. Resear...
by typical.investor
Sat Jul 04, 2020 10:32 am
Forum: Investing - Theory, News & General
Topic: Living abroad: Schwab or IBRK?
Replies: 2
Views: 242

Re: Living abroad: Schwab or IBRK?

USp moving abroad for good, which one of these accounts to open? I know that both don't charge any fees. What's your experience? Schwab is easier to use. IB has better currency conversion rates. Schwab is cheaper if you don’t have $100k I think it is. IB lite is only available for US residents. IB ...
by typical.investor
Sat Jul 04, 2020 4:58 am
Forum: Personal Investments
Topic: Have muni bonds become too dangerous?
Replies: 52
Views: 4851

Re: Have muni bonds become too dangerous?

Any views on Vanguard Tax Exempt High Yield Bond fund? When the muni bond crash occurred in March I lost $50k in this fund in just one day. I always thought muni bonds were "safe" now we know they aren't. I have used this fund for years. I always knew there was risk because it was "high yield" but ...
by typical.investor
Fri Jul 03, 2020 7:29 pm
Forum: Investing - Theory, News & General
Topic: A Must Listen! Dr. Burton Malkiel is my guest on the "Bogleheads on Investing" podcast.
Replies: 49
Views: 3660

Re: A Must Listen! Dr. Burton Malkiel is my guest on the "Bogleheads on Investing" podcast.

Best interview I have heard! ETFs Thank you Dr. Malkiel for advocating that long term mutual fund investors would be hurt by traders trading index mutual funds, and that having ETFs would help avoid that. And also, the ability of the ETF dual share class at Vanguard has reduced the tax risk if there...
by typical.investor
Thu Jul 02, 2020 4:19 pm
Forum: Personal Investments
Topic: Allan Roth: Muni bond default risk
Replies: 33
Views: 2101

Re: Allan Roth: Muni bond default risk

At the risk of this thread being locked, he is stating that municipal finances are a mess and that Municipal Bonds, even very highly rated bonds may not be the safe haven that they have been. There have been liquidity shocks to the muni market in the last decade. Most notably in mid March and a dec...
by typical.investor
Wed Jul 01, 2020 6:18 pm
Forum: Investing - Theory, News & General
Topic: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?
Replies: 314
Views: 14883

Re: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?

abuss368 wrote:
Wed Jul 01, 2020 6:16 pm
Jack Bogle has often said that perhaps there is a reason international is so cheap.
Of course there is.

There are reasons why value is cheap too.

Did Bogle suggest we stick to growth stocks?
by typical.investor
Wed Jul 01, 2020 6:15 pm
Forum: Investing - Theory, News & General
Topic: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?
Replies: 314
Views: 14883

Re: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?

Those who are US only now made a nice call, but starting to build a portfolio on only the most expensive assets because they have done well isn't something that I'd do. Your logic is sound. But just to be a friendly 'devil's advocate', there's a reason that yesterday's bread is priced 50% off. :win...
by typical.investor
Wed Jul 01, 2020 5:36 pm
Forum: Investing - Theory, News & General
Topic: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?
Replies: 314
Views: 14883

Re: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?

Hilariously, I seem to be the only one in this thread who actually followed Vanguard advice to the letter and held 40% ex-US. Maybe that's why I'm pissed off: 40% of my portfolio is not even beating inflation! At 45% International equities, I share your concern. That said, I am staying the course. ...
by typical.investor
Wed Jul 01, 2020 3:37 am
Forum: Investing - Theory, News & General
Topic: Rekenthaler (Morningstar): Jack Bogle was Wrong about ETFs
Replies: 46
Views: 2863

Re: Rekenthaler (Morningstar): Jack Bogle was Wrong about ETFs

Was he? Tell that to the poor ETF bond holders who were at the mercy of the market during mid-March . And yes, yes I know the argument that the ETFs were pricing the assets correctly, but that doesn't put the $10k back in my account when I rebalanced vs. had I simply held the MF version of the same...
by typical.investor
Tue Jun 30, 2020 6:51 pm
Forum: Investing - Theory, News & General
Topic: Rekenthaler (Morningstar): Jack Bogle was Wrong about ETFs
Replies: 46
Views: 2863

Re: Rekenthaler (Morningstar): Jack Bogle was Wrong about ETFs

I know this topic has been beaten to death already, but I thought that this was an interesting article anyway. Thoughts? Bogle simply never lived overseas for an extended period of time in today's regulatory environment. Had he, the conclusion would have been "ETFs are the cats meow" as they allow ...
by typical.investor
Tue Jun 30, 2020 6:08 pm
Forum: Investing - Theory, News & General
Topic: My next move: 1 M in gold and 1 M in Zoom
Replies: 75
Views: 3841

Re: My next move: 1 M in gold and 1 M in Zoom

My last post on this group was in Dec. 2013. I logged on just to post this - In my humble opinion, this thread is WAY off topic for the entire forum, not just for the "Investing - Theory, News & General" sub-forum Why ? - Pretty much because of every line in the book "Common Sense on Mutual Funds: ...
by typical.investor
Tue Jun 30, 2020 5:56 pm
Forum: Personal Investments
Topic: ETF Novice
Replies: 42
Views: 2250

Re: ETF Novice

I completed the five ETF purchases today and everything worked out to perfection. I used market orders and the shares calculator and ended up with $34 remaining in cash. I may whittle that down by buying one more share of something. After every purchase, the cash updated immediately and so did my p...
by typical.investor
Tue Jun 30, 2020 5:45 pm
Forum: Investing - Theory, News & General
Topic: My next move: 1 M in gold and 1 M in Zoom
Replies: 75
Views: 3841

Re: My next move: 1 M in gold and 1 M in Zoom

Have you any experience with Amazon? Have you been dissatisfied with them? Many times when I went out shopping I felt dissatisfied for one reason or another, and I often thought 'this company will not prosper in the log term, because you get a much better experience at Amazon'. These days I buy bas...
by typical.investor
Tue Jun 30, 2020 5:42 pm
Forum: Investing - Theory, News & General
Topic: My next move: 1 M in gold and 1 M in Zoom
Replies: 75
Views: 3841

Re: My next move: 1 M in gold and 1 M in Zoom

Lmao at this thread. Thanks OP, I needed a pick-me-up today. why are you laughing, if I may ask? I am the one who's laughing, since my Amazon stock in particular has done quite a lot better than the market thank you very much. Can you expound on what paradigm shift you’re expecting? https://www.lin...
by typical.investor
Tue Jun 30, 2020 4:18 pm
Forum: Investing - Theory, News & General
Topic: My next move: 1 M in gold and 1 M in Zoom
Replies: 75
Views: 3841

Re: My next move: 1 M in gold and 1 M in Zoom

It seems like you understand that this type of speculation is antithetical to the purpose and underlying philosophy of the bogleheads forum. My question is, why are you posting this here? For 2 reasons. First, to instill an ounce of doubt in open minded Bogleheads. If, as I documented above, I was ...
by typical.investor
Fri Jun 26, 2020 4:44 pm
Forum: Personal Investments
Topic: ETF Novice
Replies: 42
Views: 2250

Re: ETF Novice

I'm probably going to forever avoid ETFs after what I learned today from Schwab, and I definitely would never have gotten into investing if ETFs had been the only investment vehicle in 1995. I talked with three licensed brokers today and they told me that trades settle whether or not there's suffic...
by typical.investor
Fri Jun 26, 2020 8:00 am
Forum: Investing - Theory, News & General
Topic: Outlook on Muni Funds
Replies: 14
Views: 1557

Re: Outlook on Muni Funds

Muni bond funds (e.g., VWIUX, VMLUX) took a nosedive in mid-March (presumably on fears of state/local gov’t financial strain and risk of default) but have since recovered and then some (presumably b/c the Fed entered the equation). It would seem that state/local government budget deficits will cont...
by typical.investor
Fri Jun 26, 2020 12:17 am
Forum: Investing - Theory, News & General
Topic: Outlook on Muni Funds
Replies: 14
Views: 1557

Re: Outlook on Muni Funds

Muni bond funds (e.g., VWIUX, VMLUX) took a nosedive in mid-March (presumably on fears of state/local gov’t financial strain and risk of default) but have since recovered and then some (presumably b/c the Fed entered the equation). It would seem that state/local government budget deficits will cont...
by typical.investor
Thu Jun 25, 2020 2:43 pm
Forum: Non-US Investing
Topic: Advice on my stock portfolio? [Uruguay]
Replies: 19
Views: 635

Re: Advice on my stock portfolio? [Uruguay]

By far, the easiest and surest way to increase your expected return is to increase your stock allocation and decrease your precious metals allocation. All posts about value/size/shifts in global weight/etc. are trivial in comparison. I know. However, expected return is not the only thing I'm trying...
by typical.investor
Thu Jun 25, 2020 10:37 am
Forum: Personal Investments
Topic: Susie Orman Says You are Crazy to be Investing in Bonds
Replies: 173
Views: 17309

Re: Susie Orman Says You are Crazy to be Investing in Bonds

“You have to be crazy, if you ask me, to be in bonds at this point in time.” - Susie Orman I don't really know how bonds works, I set my allocation to 60 stocks / 40% bonds based on age. Should we be all selling our bonds and holding cash instead? Or just put everything in the stock market? https:/...
by typical.investor
Thu Jun 25, 2020 9:56 am
Forum: Non-US Investing
Topic: Advice on my stock portfolio? [Uruguay]
Replies: 19
Views: 635

Re: Advice on my stock portfolio? [Uruguay]

Dev ex-US is cheap and EM is even more so. EM value just wow. Which EM value ETF are you looking at? iShares Edge MSCI EM Value Factor UCITS ETF was the first hit I got, and it's currently at the level it was about 1 year ago, which is not my definition of cheap after covid (and it's also not a fun...
by typical.investor
Wed Jun 24, 2020 10:42 pm
Forum: Non-US Investing
Topic: Advice on my stock portfolio? [Uruguay]
Replies: 19
Views: 635

Re: Advice on my stock portfolio? [Uruguay]

That said, I’d be more comfortable holding more US and EM and less developed ex-us. Why? I don’t know which will do best. Dev ex-US is cheap and EM is even more so. EM value just wow. That said, there is a reason people have invested in the US, and we don’t know when the outperformance will stop. S...
by typical.investor
Wed Jun 24, 2020 10:00 pm
Forum: Personal Consumer Issues
Topic: iPhone 7 plus to iPhone 11 Pro: Poor battery life. Time to upgrade?
Replies: 65
Views: 2456

Re: iPhone 7 plus to iPhone 11 Pro: Poor battery life. Time to upgrade?

Should I have the battery replaced at an Apple Store (local Best Buy) or should I upgrade (buy a loaded one in cash$$$) the new iPhone 11 Pro? A battery replacement is fine. I just got a XR for my son and like it much better than my 8 plus. I went with preowned which means someone tried it for 30 d...
by typical.investor
Wed Jun 24, 2020 7:04 pm
Forum: Non-US Investing
Topic: Advice on my stock portfolio? [Uruguay]
Replies: 19
Views: 635

Re: Advice on my stock portfolio? [Uruguay]

Your portfolio looks fine to me. 52% value 48% blend is a good ratio I think. I don’t agree with your Country allocation but so what. Just make a plan and stick to it. Nobody really knows what will be best in the next 10-15-25 years anyways. That said, I’d be more comfortable holding more US and EM ...
by typical.investor
Mon Jun 22, 2020 9:37 pm
Forum: Investing - Theory, News & General
Topic: Top 10 Things Bogleheads Get Wrong - White Coat Investor
Replies: 143
Views: 13582

Re: Top 10 Things Bogleheads Get Wrong - White Coat Investor

I also never got the sense that the three fund portfolio is being placed on a pedestal here. Taylor suggests it often, but that's his view and his is one voice among many--part of the diversity of opinions being expressed. I've suggested the three fund portfolio sometimes, when I felt simplicity is...
by typical.investor
Mon Jun 22, 2020 9:34 pm
Forum: Personal Investments
Topic: BLV and VGLT [Vanguard Long-Term Bond and Long-Term Treasury]
Replies: 8
Views: 426

Re: BLV and VGLT [Vanguard Long-Term Bond and Long-Term Treasury]

I would like some help in analyzing two Bond ETFs, BLV and VGLT. Analyzing the holdings of the two ETFs, I could not understand the reason for the excellent performance over the last 5 years. I also cannot project what is the expectation of future performance. I think it is an interesting diversifi...
by typical.investor
Mon Jun 22, 2020 9:32 pm
Forum: Personal Investments
Topic: BLV and VGLT [Vanguard Long-Term Bond and Long-Term Treasury]
Replies: 8
Views: 426

Re: BLV and VGLT [Vanguard Long-Term Bond and Long-Term Treasury]

Welcome to the Forum! Long term bonds have done admirably over the last 10 years because interest rates have been falling. When interest rates fall, the existing bonds in the fund become more valuable. So the fund value increases. If interest rates begin to increase, then the opposite happens. Exis...
by typical.investor
Mon Jun 22, 2020 9:21 pm
Forum: Investing - Theory, News & General
Topic: Top 10 Things Bogleheads Get Wrong - White Coat Investor
Replies: 143
Views: 13582

Re: Top 10 Things Bogleheads Get Wrong - White Coat Investor

I disagree with Jim Dahle's assertion that Bogleheads err in optimizing investments as the key to wealth When someone comes to the forum with an income of $25,000 a year and a $1,200 portfolio they need to be told that they need to increase their income, not swap their Target Retirement 2040 for a L...
by typical.investor
Mon Jun 22, 2020 8:33 pm
Forum: Investing - Theory, News & General
Topic: Top 10 Things Bogleheads Get Wrong - White Coat Investor
Replies: 143
Views: 13582

Re: Top 10 Things Bogleheads Get Wrong - White Coat Investor

"Guess what? Doctors are expensive. If the bill is accurate and your insurance company has paid its portion, then it’s time for you to pay your portion. If you don’t like the deal you made with your insurance company or the deal the insurance company made with the doctor on your behalf, then go to ...
by typical.investor
Mon Jun 22, 2020 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Selling indexes to build cash reserve
Replies: 2
Views: 304

Re: Selling indexes to build cash reserve

I think your plan is solid.

Use taxable and sell to minimize gains.
by typical.investor
Sun Jun 21, 2020 9:22 pm
Forum: Personal Investments
Topic: ETF Novice
Replies: 42
Views: 2250

Re: ETF Novice

Keep it simple. Why 5 funds? Plus most index mutual funds are tax efficient enough to not worry about it. I estimate the tax cost to often be larger than the ER. I guess it depends on your tax position. I know there are lots of here with large taxable balances and large incomes. I don't think it wo...
by typical.investor
Sun Jun 21, 2020 4:25 pm
Forum: Personal Investments
Topic: How to hold US Dollars without any credit risk?
Replies: 30
Views: 1569

Re: How to hold US Dollars without any credit risk?

Why not just withdraw funds periodically from your bank in cash and stuff it in a safe deposit box at the bank. Unless you're talking about millions or something, $100k wouldn't really take up that much space. Think of the annual box fee as the maintenance... Regards, Yeah, that's a possibility, an...
by typical.investor
Sun Jun 21, 2020 3:58 pm
Forum: Personal Investments
Topic: ETF Novice
Replies: 42
Views: 2250

Re: ETF Novice

Keep it simple. Why 5 funds? Plus most index mutual funds are tax efficient enough to not worry about it. I estimate the tax cost to often be larger than the ER. Thus, I’d prefer ETFs in taxable. Trading ETFs isn’t difficult. If the ask (price someone is willing to sell at) is $25.50 for instance, ...
by typical.investor
Sun Jun 21, 2020 3:21 pm
Forum: Personal Investments
Topic: How to hold US Dollars without any credit risk?
Replies: 30
Views: 1569

Re: How to hold US Dollars without any credit risk?

If you read the risk and volatility section, the funds you mention specifically state that they are trading on the exchange rate. There is no exchange rate between USD and USD. The funds are not making use of any derivatives as far as I understand. They are holding currency in their trusts, and I d...
by typical.investor
Sat Jun 20, 2020 2:23 am
Forum: Personal Investments
Topic: Have muni bonds become too dangerous?
Replies: 52
Views: 4851

Re: Have muni bonds become too dangerous?

I have no special insight. What I hear in the news makes me prefer a national muni bond fund over a state specific fund, in particular over states that have been hard hit. I'd rather spread the muni risk around. But that's definitely from a fear of what might happen - I have no idea how likely it i...
by typical.investor
Thu Jun 18, 2020 8:52 am
Forum: Personal Investments
Topic: I am beginner, it's hard to decide when to buy.
Replies: 41
Views: 2226

Re: I am beginner, it's hard to decide when to buy.

If VTV drops, it should recover. However, I suggest holding until you need to spend for retirement. That eliminates the headache of deciding when it’s a good time to sell. And actually many spend out of bonds to abound having to sell stocks in a downturn. Anyway, it’s a great time to buy value stock...
by typical.investor
Thu Jun 18, 2020 7:11 am
Forum: Personal Investments
Topic: I am beginner, it's hard to decide when to buy.
Replies: 41
Views: 2226

Re: I am beginner, it's hard to decide when to buy.

I am 28, an investment beginner, just invested $25K into Charles Schwab. I want to invest all my money quickly. Because i realized one thing, my money save in the bank is depreciating. My target is 60% equity ETF (VOO VTI VGT ARKW) and 40% bond ETF. (is this ratio is the most efficient?) But now th...
by typical.investor
Wed Jun 17, 2020 4:00 pm
Forum: Investing - Theory, News & General
Topic: Swedroe’s Bond Advice - no total bond index
Replies: 195
Views: 16814

Re: Swedroe’s Bond Advice - no total bond index

Certainly, but the stocks that most investors have in their portfolio already carry equity risk. I see no need to add equity risk to one's fixed income holdings if one already owns stocks. It is not a matter of "need" to add risk, this is a matter of personal preference to get a little better retur...
by typical.investor
Wed Jun 17, 2020 12:02 am
Forum: Personal Investments
Topic: Exposure to US dollar crash
Replies: 9
Views: 1002

Re: Exposure to US dollar crash

Let’s say the US dollar crashed by 35% over the next year or two due to near zero consumer savings and sky high government and corporate debt. Whether you think this is possible or not, how would one avoid exposure to this? A 35% USD crash means anyone buying US goods can do so at 35% off. US goods...
by typical.investor
Tue Jun 16, 2020 10:25 pm
Forum: Investing - Theory, News & General
Topic: The “Abandon Bonds” strategy
Replies: 200
Views: 16075

Re: The “Abandon Bonds” strategy

And seven years from now my $100 invested would be worth $115 if put in bonds. That’s terrible. Keep some in cash or bonds as an emergency fund, but as a substantial component to a long term investment it is really throwing money away at these atrocious rates. But your $100 in stocks will be worth ...
by typical.investor
Tue Jun 16, 2020 9:46 pm
Forum: Investing - Theory, News & General
Topic: The “Abandon Bonds” strategy
Replies: 200
Views: 16075

Re: The “Abandon Bonds” strategy

I thought I would look at the most recent performance history for much talked about Alternative Investments as a source of return not correlated to stocks. Larry Swedroe recommended these four funds: AQR Style Premia Alternative I fund QSPIX 3 Month Return -10.80% YTD Return -16.93% 1 Year Return -...
by typical.investor
Tue Jun 16, 2020 9:09 pm
Forum: Personal Investments
Topic: Trying to move money and close Folio account
Replies: 1
Views: 152

Re: Trying to move money and close Folio account

I tried moving my Motif IRA account to Vanguard, but there was some nontransferable asset that blocked the entire transfer. Now I'm trying to call Folio to somehow liquidate that nontransferable asset, but their phone lines are all tied up. Can I just transfer all my cash to Vanguard and let Folio ...
by typical.investor
Tue Jun 16, 2020 9:03 pm
Forum: Personal Investments
Topic: UK Accumulating ETF for US Resident
Replies: 8
Views: 372

Re: UK Accumulating ETF for US Resident

I am not against individual bonds, but when I looked into it via Schwab (a while ago) the currency exchange fees were significant. I’ll check back on that and look at bonds via Interactive Brokers. IB has very attractive rates. As you are in the US, you'll be eligible for the IBKR lite account whic...
by typical.investor
Tue Jun 16, 2020 8:46 pm
Forum: Investing - Theory, News & General
Topic: The “Abandon Bonds” strategy
Replies: 200
Views: 16075

Re: The “Abandon Bonds” strategy

I’m looking to retire in 15-17 years. I am almost all equities. Hung on tight in March and never doubted it. Will change up allocation in ten years or so. Stocks are a gamble to some degree. Bonds not so much. The bond market is telling us now what the return will be, and it’s terrible. The only wa...
by typical.investor
Tue Jun 16, 2020 8:40 pm
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 10619

Re: Retiring Abroad

Hello, Worried about health care? Look into Medicare part B too. Even though it won't cover expenses overseas, there is a penalty if you don't pay the premium and later return to the US. IMPORTANT: There is a penalty attached to late sign-up for Medicare Part B: for each 12-month period you are eli...
by typical.investor
Tue Jun 16, 2020 7:49 pm
Forum: Personal Investments
Topic: UK Accumulating ETF for US Resident
Replies: 8
Views: 372

Re: UK Accumulating ETF for US Resident

What about purchasing bonds directly? Schwab and Interactive Brokers will allow you to do that. You'd need a Schwab Global account I believe (not the international account for expats, but the global account which gives US residents access to foreign exchanges). Fund always have a duration risk. I th...
by typical.investor
Tue Jun 16, 2020 6:23 pm
Forum: Personal Investments
Topic: Emerging Markets Multifactor ETF
Replies: 14
Views: 894

Re: Emerging Markets Multifactor ETF

Steve Reading wrote:
Tue Jun 16, 2020 7:37 am
typical.investor wrote:
Tue Jun 16, 2020 3:40 am


What's your source for these comments?


My source is the regression of the index each of these funds follow back to 1997.
Wow. You really calculated them all? I just use PV which uses the life of the funds.

Would you be willing to publish or open your work?
by typical.investor
Tue Jun 16, 2020 6:22 am
Forum: Investing - Theory, News & General
Topic: Is it *really* not different this time? Or: how is The Fed not setting us up for disaster?
Replies: 6
Views: 1258

Re: Is it *really* not different this time? Or: how is The Fed not setting us up for disaster?

Iceland as a model for the US? You are joking right! Were the US to devalue it’s currency By 60% in order to be more economically competitive and fight off unemployment, I suspect the EU, Japan, China and every other major economy would retaliate in someway. I don’t want to get into the borrowing is...
by typical.investor
Tue Jun 16, 2020 3:48 am
Forum: Investing - Theory, News & General
Topic: Is it *really* not different this time? Or: how is The Fed not setting us up for disaster?
Replies: 6
Views: 1258

Re: Is it *really* not different this time? Or: how is The Fed not setting us up for disaster?

Yesterday The Fed declared that they would start the purchasing of corporate bonds for companies. This essentially means that any company is now “too big to fail.” It seems to me that we are propping up a zombie economy, where no matter how fudged your balance sheet looks, you’ll be saved from bank...
by typical.investor
Tue Jun 16, 2020 3:40 am
Forum: Personal Investments
Topic: Emerging Markets Multifactor ETF
Replies: 14
Views: 894

Re: Emerging Markets Multifactor ETF

I was looking closely at the numbers and I am down to: UEVM (Vicstory Shares USAA) and FNDE (Schwab) I actually like a combination of FNDE and EMGF. I think they’re both strong contenders but the RAFI fund tends to buy companies with negative MOM while EMGF loads positively on momentum so they’re a...