Search found 126 matches

by bogledogle87
Mon Nov 11, 2019 7:27 am
Forum: Investing - Theory, News & General
Topic: VTWAX/VTWSX availability at Fidelity
Replies: 16
Views: 1598

Re: VTWAX/VTWSX availability at Fidelity

And it wouldn't surprise me if Vanguard were to migrate existing VTWSX holders to VTWAX shares. I believe that is exactly what they will do at some point for all the closed investor shares. As I recall, you could manually convert the day they all closed, and there was a message about a scheduled tr...
by bogledogle87
Mon Nov 11, 2019 7:25 am
Forum: Investing - Theory, News & General
Topic: VTWAX/VTWSX availability at Fidelity
Replies: 16
Views: 1598

Re: VTWAX/VTWSX availability at Fidelity

Cash wrote:
Mon Nov 11, 2019 6:33 am
bogledogle87 wrote:
Sun Nov 10, 2019 1:52 pm
You can probably buy the admiral fund for a fee at fidelity, which I’m sure you want to avoid.
You can’t even do that.
Wow, you're right! Available with advisory services only. I did not realize this. VT it is guess
by bogledogle87
Sun Nov 10, 2019 1:52 pm
Forum: Investing - Theory, News & General
Topic: VTWAX/VTWSX availability at Fidelity
Replies: 16
Views: 1598

Re: VTWAX/VTWSX availability at Fidelity

So no one grandfathered VTWSX? I guess I am left with VT It’s closed to new investors in favor of the admiral shares. You can still hold it and maybe still buy it? No benefit over admiral at this point. You can probably buy the admiral fund for a fee at fidelity, which I’m sure you want to avoid. I...
by bogledogle87
Sun Nov 10, 2019 7:24 am
Forum: Investing - Theory, News & General
Topic: VTWAX/VTWSX availability at Fidelity
Replies: 16
Views: 1598

Re: VTWAX/VTWSX availability at Fidelity

Anyone here with VTWSX or VTWAX holding at Fidelity? One taxable account popped up and we prefer mutual funds over ETFs and I was looking for a broad diversified world index fund at Fidelity. Unfortunately no free option for the mutual fund. I have my HSA at fidelity and just replicate VTWAX with F...
by bogledogle87
Sun Oct 06, 2019 9:31 pm
Forum: Personal Investments
Topic: All in on VT?
Replies: 30
Views: 4667

Re: All in on VT?

For simplicity, you can’t beat it. I would do it myself in taxable if not for wanting some flexibility with tax gain / loss harvesting, and a slight edge in qualified dividend tax efficiency with VTI + IXUS. It does require a bit more work to track the up-to-date market cap at the correct weights wi...
by bogledogle87
Fri Oct 04, 2019 9:12 pm
Forum: Investing - Theory, News & General
Topic: Know when to hold them and when to fold them......
Replies: 148
Views: 13781

Re: Know when to hold them and when to fold them......

International has been a drag on my portfolio, and no amount of theoretical discussions of "buying the haystack" can change that fact. I (reluctantly) hold 20% international, but I consider it the ugly stepchild of my portfolio. Out of curiosity, Do you similarly consider a sector such as US Energy...
by bogledogle87
Fri Oct 04, 2019 10:17 am
Forum: Investing - Theory, News & General
Topic: Know when to hold them and when to fold them......
Replies: 148
Views: 13781

Re: Know when to hold them and when to fold them......

Still holding global weighting here with no plans to change, should the cap weightings change due to international under performance, my portfolio will automatically drift accordingly and visa versa. If the all in U.S. crowd is correct, over half of my portfolio will over perform, if we experience ...
by bogledogle87
Tue Oct 01, 2019 10:15 am
Forum: Personal Investments
Topic: VTIAX International fund - should I give up on it?
Replies: 297
Views: 27064

Re: VTIAX International fund - should I give up on it?

I'm curious if anyone here is brave enough to not only give up on (or continue to avoid) international, but take their convictions a step further and to buy RWUI - Direxion FTSE Russell US Over International ? At 150% Long US / 50% Short International, it's not your traditional leveraged ETF. You st...
by bogledogle87
Tue Sep 24, 2019 10:53 am
Forum: Personal Investments
Topic: VTIAX International fund - should I give up on it?
Replies: 297
Views: 27064

Re: VTIAX International fund - should I give up on it?

Ipse dixit. The default, null position is to hold market weight. To speculate against that places the burden of proof on YOU. The issue here is that you have a lot of people who speculate into heavily or fully weighting US for two reasons: (1) performance chasing (2) American exceptionalism bias. Y...
by bogledogle87
Wed Sep 04, 2019 7:48 am
Forum: Personal Investments
Topic: Opinion on VTWAX [Vanguard Total World Stock]
Replies: 117
Views: 17629

Re: Opinion on VTWAX [Vanguard Total World Stock]

I am sure that in time VTWAX will prove to be a great fund. Right now there is simply not enough of a track record to suit me. The Investor Shares (VTWSX) has been around since 06/26/2008 and has tracked it's targeted index very well. But beyond that, it's not the age of ticker symbol VTWAX that sh...
by bogledogle87
Wed Aug 28, 2019 8:14 am
Forum: Personal Investments
Topic: VTIAX International fund - should I give up on it?
Replies: 297
Views: 27064

Re: VTIAX International fund - should I give up on it?

I find it perplexing how valuations are so frequently and shamelessly overlooked in these discussions. It is not enough to say "Look at the US - It's awesome and always will be!" and "Look everywhere else - It's terrible and always will be!" with no acknowledgement to how such observations may be al...
by bogledogle87
Tue Aug 27, 2019 7:11 am
Forum: Personal Investments
Topic: VTIAX International fund - should I give up on it?
Replies: 297
Views: 27064

Re: VTIAX International fund - should I give up on it?

...it seems like it's going to be continually hit in this climate. I just don't see how it's got any chance at sustained momentum. Would you say your foresight this based on recent performance, price, earnings, or something else? I don't know if they will be proved right, but many financial experts...
by bogledogle87
Tue Aug 27, 2019 5:23 am
Forum: Personal Investments
Topic: VTIAX International fund - should I give up on it?
Replies: 297
Views: 27064

Re: VTIAX International fund - should I give up on it?

Like many, I have an international fund in my portfolio for diversification. Unfortunately, it seems like this play does nothing but consistently bring the rest of my portfolio down. If you were seeking diversification, I would argue that you absolutely have got what you paid for. VTIAX has perform...
by bogledogle87
Sun Jul 28, 2019 7:30 am
Forum: Personal Investments
Topic: The new 1 fund portfolio
Replies: 57
Views: 8540

Re: The new 1 fund portfolio

I am a fellow 100% VTWAX one-funder in my early 30's. It fascinates me that most investors are in favor of passive equity indexing in the form of the S&P 500 or the Total US Market, many support the same approach to a fixed international exposure, but for some reason can't get on board with passivel...
by bogledogle87
Thu Jul 11, 2019 2:27 pm
Forum: Investing - Theory, News & General
Topic: VFMF (Vanguard Multifactor) == Closet Value Index Fund
Replies: 70
Views: 7453

Re: VFMF (Vanguard Multifactor) == Closet Value Index Fund

Investing without following an index seems to offer significant benefits for a fund like this. Of course, the downside is that when the fund does poorly, it can be hard to know why. And if the fund isn’t index hugging, then there should be times where it underperforms. I definitely agree. I now rea...
by bogledogle87
Thu Jul 11, 2019 2:22 pm
Forum: Investing - Theory, News & General
Topic: VFMF (Vanguard Multifactor) == Closet Value Index Fund
Replies: 70
Views: 7453

Re: VFMF (Vanguard Multifactor) == Closet Value Index Fund

I'm curious if this is just a feeling or do you have data to back up this argument? ~60% turnover isn't very high for a multifactor fund, it's an unfortunate reality of maintaining a factor exposure. Historically Vanguard has done a good job of controlling trading cost, and I'd expect them to conti...
by bogledogle87
Thu Jul 11, 2019 10:56 am
Forum: Investing - Theory, News & General
Topic: VFMF (Vanguard Multifactor) == Closet Value Index Fund
Replies: 70
Views: 7453

Re: VFMF (Vanguard Multifactor) == Closet Value Index Fund

I was lured into this the mutual fund version (VFMFX) shortly after it's hot start during the first few months of it's existence. I spent countless hours researching factors and multi-factor approaches and became convinced it would be a suitable replacement for my VTSAX position. Recognizing the ris...
by bogledogle87
Mon Jun 17, 2019 6:53 am
Forum: Personal Investments
Topic: Relative tax efficiency of total international funds
Replies: 16
Views: 3015

Re: Relative tax efficiency of total international funds

Does anyone know if the relative tax efficiencies have been posted for 2018? Specifically, I’m interested in the head-to-head comparison of IXUS to VXUS for a taxable account. I’ll be between the 32-35% tax brackets for the next few years. The best way to find this information is to search for QDI ...
by bogledogle87
Wed Jun 12, 2019 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvest & Roth Conversion
Replies: 8
Views: 651

Re: Tax Loss Harvest & Roth Conversion

I'm not sure I followed your question, but I think I recall that your banked losses will be used to offset gains even if those gains would be taxed at 0%. . In other words, your losses can be wasted. I'm thinking, if that is correct, it would upset your plan. But since I didn't understand your plan...
by bogledogle87
Wed Jun 12, 2019 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvest & Roth Conversion
Replies: 8
Views: 651

Re: Tax Loss Harvest & Roth Conversion

I too am not sure I understand what you're asking or proposing. But I think you're thinking that the carry-forward capital loss: • is limited to $3000 a year • can be applied whenever you want • to whatever income you choose. None of those are true. If you have a $15,000 carry-forward loss, and you...
by bogledogle87
Wed Jun 12, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvest & Roth Conversion
Replies: 8
Views: 651

Re: Tax Loss Harvest & Roth Conversion

The 3k limit applies to using the losses to offset ordinary income. The losses against cap gains is infinite. I think the losses must be applied to any gains first, then when you run out of gains you can use the 3k towards income. Thank you! This was a key detail I did not understand before. This d...
by bogledogle87
Tue Jun 11, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvest & Roth Conversion
Replies: 8
Views: 651

Tax Loss Harvest & Roth Conversion

I am 31, in the 12% bracket, and have been Tax Gain Harvesting for the last several years. Like many others, I expect Tax Loss Harvesting opportunities at some point. Gain Harvesting is pretty straightforward, but I am trying to wrap my mind around the proper use of Tax Loss Harvesting in this brack...
by bogledogle87
Thu May 16, 2019 3:08 pm
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 173
Views: 21893

Re: VTSAX or VTWAX over the next 35 years?

Why does this topic resurface 3-4 times per week with new threads? Why the fixation on international stock allocation? It seems we are having the same conversation over and over and over again. Yes, I prefer VTWAX. Yes, I have my reasons. But whatever, we don't need to have this conversation contin...
by bogledogle87
Thu May 16, 2019 1:35 pm
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 173
Views: 21893

Re: VTSAX or VTWAX over the next 35 years?

I have yet to be convinced that having a large international allocation is the way to go especially with the additional risks involved. It doesn't help that it's been lagging since the 90's either. Have you considered that recent US dominance might not be confirmation that it will continue on the s...
by bogledogle87
Thu May 16, 2019 6:35 am
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 173
Views: 21893

Re: VTSAX or VTWAX over the next 35 years?

If you own Total World and the US markets outpace ex-US markets, you'll catch that upside since at the moment, VTWAX is about 50% US equities. If ex-US grows faster, you'll catch that upside too. Either way you win. The same isn't true of a strategy that overweights the US—you only win if the US eq...
by bogledogle87
Thu May 16, 2019 6:27 am
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 173
Views: 21893

Re: VTSAX or VTWAX over the next 35 years?

Just a reminder that Jack Bogle did not see the point of investing in international stocks. But then again he was from another era. I think the era distinction is very important here. We all have great respect for Bogle and what he did for investors during his lifetime, but many of us have investme...
by bogledogle87
Thu May 16, 2019 6:20 am
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 173
Views: 21893

Re: VTSAX or VTWAX over the next 35 years?

Sometimes old advice is the best advice. More often, though, it is archaic and obsolete. +1. Is not this the very definition of performance chasing? Also, what is a reasonable expectation for continued US outperformance just because it has since 1994? 10 more years? 50 Years? 1000 Years? You get my...
by bogledogle87
Wed May 15, 2019 8:16 pm
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 173
Views: 21893

Re: VTSAX or VTWAX over the next 35 years?

Does anyone know why VTWAX would have higher turnover? Superficially I would've expected the opposite. I wonder this as well. Doesn’t seem to line up since it tracks well to VTSAX + VTIAX st market weights. Qualified dividends are also roughly right in the middle of those two funds as well, so the ...
by bogledogle87
Wed May 15, 2019 8:11 pm
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 173
Views: 21893

Re: VTSAX or VTWAX over the next 35 years?

Does anyone know why VTWAX would have higher turnover? Superficially I would've expected the opposite. I have no idea, but it's definitely interesting. 8.9% seems a bit high for an index fund. I'm also not sure why 1,775 U.S. small cap stocks are left out of VTWAX. Likely that these 1775 stocks rep...
by bogledogle87
Sat May 11, 2019 10:41 am
Forum: Investing - Theory, News & General
Topic: Why I bet on S&P500
Replies: 51
Views: 3334

Re: Why I bet on S&P500

I'm just following Bogle and Buffet on SP500 as in point 1. I firmly believe that I know nothing, but found it strange why the former are dogmatic about the choice. With all due respect to Bogle (RIP) and Buffet, and they have done great things for US investors, my investment horizon exceeds their ...
by bogledogle87
Mon May 06, 2019 8:45 am
Forum: Personal Consumer Issues
Topic: Car loan dilemma
Replies: 34
Views: 3082

Re: Car loan dilemma

I vote for Option A hands down. To me, this is a completely different conversation than low-interest mortgages for several reasons. 1. Car values plummet like a rock. I believe this hurts the leveraging argument right off the bat. Financing a depreciating asset hurts you two-fold. This makes it far ...
by bogledogle87
Mon May 06, 2019 6:41 am
Forum: Personal Investments
Topic: Boglehead investing through a major downturn
Replies: 58
Views: 6638

Re: Boglehead investing through a major downturn

This might not be an option for everyone depending on their tax brackets, but If you have any traditional IRA's or 401k's from previous employers that can be rolled into IRA's, a Roth Conversion can be a great move during a recession. This appeals mostly to those in lower tax brackets or perhaps alr...
by bogledogle87
Fri May 03, 2019 8:24 am
Forum: Personal Investments
Topic: Total World - One vs Two-Fund - ER & CASH
Replies: 5
Views: 636

Re: Total World - One vs Two-Fund - ER & CASH

that is an interesting point that i was not aware of. personally, i switched from VTI, VEA, VWO (US, International Developed, Emerging) to VT (Total World) for the 1) convenience and 2) solution to the constant issue of allocating the three ETFs. I'm happier with VT not because I expect better retu...
by bogledogle87
Fri May 03, 2019 8:20 am
Forum: Personal Investments
Topic: Total World - One vs Two-Fund - ER & CASH
Replies: 5
Views: 636

Re: Total World - One vs Two-Fund - ER & CASH

How close do each actually track to their respective indexes? That is the question. Vanguard (and other indexers) use their cash portion as part of a pretty advanced process to track their index without always having every penny invested using securities lending, derivatives, etc. That cash portion...
by bogledogle87
Fri May 03, 2019 6:59 am
Forum: Personal Investments
Topic: Total World - One vs Two-Fund - ER & CASH
Replies: 5
Views: 636

Total World - One vs Two-Fund - ER & CASH

For those who target Total World Market Cap with their equities, it has been debated whether or not VTWAX/VT (Total World Index) is worth holding by itself vs managing VTSAX/VTI (US) + VTIAX/VXUS (Int'l) separately. We've all seen discussions about the 2-3 higher basis points for the Total World Ind...
by bogledogle87
Thu May 02, 2019 9:55 am
Forum: Personal Investments
Topic: VTSAX for his and hers?
Replies: 19
Views: 2281

Re: VTSAX for his and hers?

You could use the mirror method or see all accounts as one big pot. My wife and I are mirroring the Total World allocation(VTWAX) in her 401(k) with a few index funds. The IRA's and brokerage at Vanguard are invested in VTWAX. What funds do you use the 401k to resemble Total World? Of the funds ava...
by bogledogle87
Thu May 02, 2019 6:50 am
Forum: Investing - Theory, News & General
Topic: Is factor-based small-value/Fama-French tilting worth it?
Replies: 101
Views: 7263

Re: Two-Fund or Three-Fund Portfolio?

Total World Index Fund has recent changes which should be checked before making a decision to use it. Taylor, Can you expand on this? What changes have been made to the Total World Index recently besides the introduction of Admiral Shares? My understanding is that it has tracked the FTSE Global All...
by bogledogle87
Thu May 02, 2019 6:44 am
Forum: Personal Investments
Topic: VTSAX for his and hers?
Replies: 19
Views: 2281

Re: VTSAX for his and hers?

My question: Is it best to choose these same two funds at the same asset allocation or are there any other thoughts/recommendations that may be beneficial? Keeping the same allocations across different accounts usually paints a much simpler big picture overall and is easier to maintain. After all, ...
by bogledogle87
Wed May 01, 2019 2:09 pm
Forum: Investing - Theory, News & General
Topic: Is factor-based small-value/Fama-French tilting worth it?
Replies: 101
Views: 7263

Re: Two-Fund or Three-Fund Portfolio?

Total World Index Fund has recent changes which should be checked before making a decision to use it. Taylor, Can you expand on this? What changes have been made to the Total World Index recently besides the introduction of Admiral Shares? My understanding is that it has tracked the FTSE Global All...
by bogledogle87
Wed May 01, 2019 1:54 pm
Forum: Investing - Theory, News & General
Topic: Is factor-based small-value/Fama-French tilting worth it?
Replies: 101
Views: 7263

Re: Is factor-based small-value/Fama-French tilting worth it?

> Market cap is not equally weighted between value and growth. I just did a quick check of SPY at morningstar, and the bullseye is almost on the core/core-growth line. SPY holds more of what's done best in the recent past, and right now that is growth stocks. > I can already assume that a dedicated...
by bogledogle87
Wed May 01, 2019 8:52 am
Forum: Investing - Theory, News & General
Topic: Is factor-based small-value/Fama-French tilting worth it?
Replies: 101
Views: 7263

Re: Is factor-based small-value/Fama-French tilting worth it?

There are several experts that have acknowledged that market-cap weighted strategies are momentum strategies. I might not be explaining why as eloquently as a professional could, but many acknowledge that truth. I don't think the distinction you mentioned is very comforting. If apple jumped 50% tod...
by bogledogle87
Wed May 01, 2019 8:36 am
Forum: Investing - Theory, News & General
Topic: Is factor-based small-value/Fama-French tilting worth it?
Replies: 101
Views: 7263

Re: Is factor-based small-value/Fama-French tilting worth it?

Tilting probably works over the long haul--assuming it's higher return for higher risk and not general knowledge that can arbitraged away. Maybe a more important question is age. At 72 I don't want the risk how years of underperformance could affect portfolio return. VTI will outperform the vast ma...
by bogledogle87
Wed May 01, 2019 8:25 am
Forum: Investing - Theory, News & General
Topic: Is factor-based small-value/Fama-French tilting worth it?
Replies: 101
Views: 7263

Re: Is factor-based small-value/Fama-French tilting worth it?

While a market-cap weighted approach (like the 3 fund) has its advantages and is certainly the boglehead default portfolio, at least be aware of what a market-cap weighted strategy actually does. Specifically, it constantly buys more of what has done well in the past, and liquidates in proportions ...
by bogledogle87
Wed May 01, 2019 6:50 am
Forum: Investing - Theory, News & General
Topic: Is factor-based small-value/Fama-French tilting worth it?
Replies: 101
Views: 7263

Re: Is factor-based small-value/Fama-French tilting worth it?

How much more complex should I make my portfolio to chase theoretical small-value/Fama-French return premiums? Just a heads up, the other users will not see your responses unless you quote them, using the quote icon on their post reply. This sends them a notification letting them know you have resp...
by bogledogle87
Tue Apr 30, 2019 9:05 am
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 200
Views: 17173

Re: Biggest Investment Mistake

For the first 5 years of my investment journey it was paying 5% front-load commissions to an advisor at my bank. For the next 5 years, it was paying 1.35% AUM fees to that same advisor once I had the privilege of enough assests to qualify for the exclusive program. Basically, letting someone else ma...
by bogledogle87
Mon Apr 29, 2019 10:03 am
Forum: Personal Investments
Topic: Buying a home w/cash vs taking a mortgage and investing
Replies: 39
Views: 4847

Re: Buying a home w/cash vs taking a mortgage and investing

This topic comes up a lot and the consensus generally is that you can probably make more investing, assuming your interest rate is lower than 5% and you will be patient enough to realize the delta. That said, a lot of people find tremendous value in being completely debt free, which may be hard to ...
by bogledogle87
Mon Apr 29, 2019 6:55 am
Forum: Personal Investments
Topic: Buying a home w/cash vs taking a mortgage and investing
Replies: 39
Views: 4847

Re: Buying a home w/cash vs taking a mortgage and investing

This topic comes up a lot and the consensus generally is that you can probably make more investing, assuming your interest rate is lower than 5% and you will be patient enough to realize the delta. That said, a lot of people find tremendous value in being completely debt free, which may be hard to p...
by bogledogle87
Sun Apr 28, 2019 8:40 pm
Forum: Investing - Theory, News & General
Topic: Justifying Home Bias in your Portfolio
Replies: 97
Views: 6757

Re: Justifying Home Bias in your Portfolio

And Total World bond is the ending point, too, based on your logic. It's the only reasonable starting point for unbiased passive debt investing. Or is it? According to the Vanguard target date funds, yes. BH 3-Funders, no. For me, I have no real input on international bonds since I do not plan to h...
by bogledogle87
Sun Apr 28, 2019 2:39 pm
Forum: Investing - Theory, News & General
Topic: Justifying Home Bias in your Portfolio
Replies: 97
Views: 6757

Re: Justifying Home Bias in your Portfolio

There are some reasonable discussion points for US home bias such as expense, tax, currency risk, regulations, the adequacy of indirect exposure with US multi-national companies. However, all of these points are far less appealing to me when reviewing such information as the graph below. I could not...