Search found 1516 matches

by Ferdinand2014
Wed Jul 08, 2020 7:36 pm
Forum: Personal Investments
Topic: First time investor- Index Funds, Roth IRA
Replies: 6
Views: 236

Re: First time investor- Index Funds, Roth IRA

Sounds like a solid plan. I put my money where my mouth is and invest 100% with FXAIX (Fidelity S&P 500 index fund) 0.015 expense ratio. Consider an emergency fund with cash and some may suggest an international index fund as well.
by Ferdinand2014
Wed Jul 08, 2020 6:33 pm
Forum: Personal Investments
Topic: Verifying Gold Coins are not counterfeit
Replies: 25
Views: 1461

Re: Verifying Gold Coins are not counterfeit

Headlines regarding Chinese counterfeit gold have me concerned whether the gold coins I have purchased are legit. I have purchased an American Eagle and Canadian Maple leaf from Apmex.com Is it reasonable to be concerned over counterfeit coins from this site? Should I check these coins with a third...
by Ferdinand2014
Wed Jul 08, 2020 6:14 pm
Forum: Personal Investments
Topic: Treasury Bill Noob Question
Replies: 8
Views: 541

Re: Treasury Bill Noob Question

Thanks everyone! Interesting to see how this "actually" works (first individual bond I've purchased [other than I/EE - which aren't marketable - so different...). My journey begins in earnest tomorrow. Maybe more complicated than needed, but tomorrow I plan on participating in the auction towards 3...
by Ferdinand2014
Wed Jul 08, 2020 1:38 pm
Forum: Personal Investments
Topic: Fidelity zero-expense international index fund (FZILX) a good bargain?
Replies: 13
Views: 1208

Re: Fidelity zero-expense international index fund (FZILX) a good bargain?

FWIW, Fidelity’s Total International Index (FTIHX) has an ER of .06% and does not track a proprietary index. FSGXX 0.056 tracks MSCI ACWI ex-USA FTIHX 0.06 tracks MSCI ACWI IMI ex USA FSPSX 0.035 tracks MSCI EAFE Fascinating. Thanks. What is the difference between all these indexes? I didn't realiz...
by Ferdinand2014
Wed Jul 08, 2020 12:09 pm
Forum: Personal Investments
Topic: Fidelity zero-expense international index fund (FZILX) a good bargain?
Replies: 13
Views: 1208

Re: Fidelity zero-expense international index fund (FZILX) a good bargain?

OhioGozaimas wrote:
Wed Jul 08, 2020 9:38 am
FWIW, Fidelity’s Total International Index (FTIHX) has an ER of .06% and does not track a proprietary index.
FSGXX 0.056 tracks MSCI ACWI ex-USA
FTIHX 0.06 tracks MSCI ACWI IMI ex USA
FSPSX 0.035 tracks MSCI EAFE
by Ferdinand2014
Wed Jul 08, 2020 10:59 am
Forum: Personal Investments
Topic: Treasury Bill Noob Question
Replies: 8
Views: 541

Re: Treasury Bill Noob Question

So I bought my first Treasury Bill - 1 Month Zero Coupon yesterday (through Fidelity as a new issue), mainly to learn more about how these work. I wasn't expecting the "value" to adjust daily. I "lost" 7 cents yesterday, gained 5 cents of that back today. Is this just reflecting the secondary marke...
by Ferdinand2014
Tue Jul 07, 2020 8:33 pm
Forum: Investing - Theory, News & General
Topic: Almost Half of BRK is AAPL
Replies: 7
Views: 1643

Re: Almost Half of BRK is AAPL

According to this article, BRK owns $91B of AAPL which is 43% of its portfolio. https://www.marketwatch.com/story/diversify-almost-half-of-warren-buffetts-berkshire-hathaway-portfolio-is-comprised-of-a-single-stock-2020-07-07 A provocative quote attributed to Buffett in the article: Warren Buffett ...
by Ferdinand2014
Tue Jul 07, 2020 7:21 pm
Forum: Investing - Theory, News & General
Topic: Does Rebalancing Payoff?
Replies: 11
Views: 1073

Re: Does Rebalancing Payoff?

No. It has a tendency to reduce total return. It may reduce volatility. It is time dependent and benefit is only known in hindsight. I do not rebalance nor keep an asset allocation.
by Ferdinand2014
Tue Jul 07, 2020 11:28 am
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund
Replies: 74
Views: 5038

Re: Vanguard Prime Money Market Fund

Bogleheads - With the unprecedented stimulus, the Federal Reserve stepped in to support and backstop Prime Money Market funds during Corona. As a result, is the Federal Money Market with Vanguard (which is Vanguard's default money market fund for their brokerage offering) a better alternative as it...
by Ferdinand2014
Tue Jul 07, 2020 10:21 am
Forum: Personal Investments
Topic: How to invest 6,000 in a 3 fund portfolio when admiral shares have a minimal balance of 3,000?
Replies: 27
Views: 2161

Re: How to invest 6,000 in a 3 fund portfolio when admiral shares have a minimal balance of 3,000?

Hey all, First time investor here, so please don't roast me too horribly :) I want to start a roth IRA and max it out for the year before the July 15th deadline. I was curious about what would be the best way to invest in a traditional 3 fund portfolio when admiral shares have a minimal balance of ...
by Ferdinand2014
Tue Jul 07, 2020 10:10 am
Forum: Personal Investments
Topic: PRILX vs FXAIX
Replies: 5
Views: 278

Re: PRILX vs FXAIX

I don't have a whole lot of investing knowledge, but within my 401k I am considering replacing PRILX with FXAIX. They seem to have nearly the same exposure and are more or less the same thing. The difference being the expense ratios - .63 vs .0015. Would this move make sense? Am i reading things co...
by Ferdinand2014
Mon Jul 06, 2020 5:03 pm
Forum: Personal Investments
Topic: 51 year old physician
Replies: 25
Views: 4475

Re: 51 year old physician

If you are serious about financial independence, I would look at jobs in low-cost areas that pay a premium. There are jobs in places that people may not want to live, and are low cost of living. Therefore, there is opportunity for higher pay and lower cost. It is referred to as geographic arbitrage...
by Ferdinand2014
Fri Jul 03, 2020 7:35 pm
Forum: Investing - Theory, News & General
Topic: Which is better for a recession - S&P 500 or Total Stock Market indexes?
Replies: 11
Views: 1385

Re: Which is better for a recession - S&P 500 or Total Stock Market indexes?

Historically they have been almost identical. It will make essentially zero difference. I chose an S&P 500 index initially because it was in wifes 403b.
by Ferdinand2014
Fri Jul 03, 2020 1:32 pm
Forum: Investing - Theory, News & General
Topic: 2 and 3 fund funders - sticking soley with Total Bond?
Replies: 49
Views: 4299

Re: 2 and 3 fund funders - sticking soley with Total Bond?

DW and I are both retired, we have everything except for our taxable account at Fidelity. We're holding FXNAX (Fidelity's total bond index fund) there. The only exception is that I have about three years' worth of expense draw in FUMBX (short-term Treasury index fund) as a liability-matching move (...
by Ferdinand2014
Thu Jul 02, 2020 9:08 pm
Forum: Personal Investments
Topic: Vanguard Target Retirement Fund Vs. 3 fund portfolio
Replies: 44
Views: 4086

Re: Vanguard Target Retirement Fund Vs. 3 fund portfolio

Hi, New to investing. Age 45 Only has VG Roth IRA ( VG target retirement fund 2035) account with around 45K+ Atleast from past 6 years maxing out the Roth IRA contribution. Wouldn't even worry about how this fund is performing because I'm not retiring now. Vanguard Target Retirement 2035 Fund (VTTH...
by Ferdinand2014
Thu Jul 02, 2020 8:54 pm
Forum: Personal Investments
Topic: Hi. I'm Mike, and I'm a Jonesoholic
Replies: 23
Views: 3370

Re: Hi. I'm Mike, and I'm a Jonesoholic

I'm currently in the process of moving an inherited taxable account and two IRAs from EJ to a cheaper brokerage. Just the known expenses of the EJ taxable account is 5.46%, and the two traditional IRAs are at 1.5% and 5.51%. That doesn't begin to include the other fees, commissions,and kickbacks to...
by Ferdinand2014
Wed Jul 01, 2020 5:17 am
Forum: Personal Investments
Topic: Do Not Go Gentle On Us!!! Personal Portfolio Suggestions Needed!!
Replies: 67
Views: 5985

Re: Do Not Go Gentle On Us!!! Personal Portfolio Suggestions Needed!!

HI ALL DO NOT GO GENTLE ON US (like others state) Please be as blunt as possible. Overall goal is to have our house paid off in 15 years right when our kids go to college…. Which then frees up $3K a month to help cash flow a portion of college. Also have 529 plans which we are contributing to and w...
by Ferdinand2014
Tue Jun 30, 2020 8:34 pm
Forum: Investing - Theory, News & General
Topic: Rekenthaler (Morningstar): Jack Bogle was Wrong about ETFs
Replies: 46
Views: 2884

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

Morningstar published an article written by John Rekenthaler yesterday titled "Jack Bogle Was Wrong About ETFs." Below is an excerpt from the intro. Vanguard founder Jack Bogle rarely erred. He was spot-on when popularizing indexing; bringing institutional pricing to retail investments; avoiding tr...
by Ferdinand2014
Tue Jun 30, 2020 10:14 am
Forum: Personal Investments
Topic: Do Not Go Gentle On Us!!! Personal Portfolio Suggestions Needed!!
Replies: 67
Views: 5985

Re: Do Not Go Gentle On Us!!! Personal Portfolio Suggestions Needed!!

HI ALL DO NOT GO GENTLE ON US (like others state) Please be as blunt as possible. Overall goal is to have our house paid off in 15 years right when our kids go to college…. Which then frees up $3K a month to help cash flow a portion of college. Also have 529 plans which we are contributing to and w...
by Ferdinand2014
Tue Jun 30, 2020 5:42 am
Forum: Investing - Theory, News & General
Topic: Mutual Fund Returns
Replies: 9
Views: 710

Re: Mutual Fund Returns

25,500 turned into 90,967 from 8/2010 to 6/2020 dividends and capital gains reinvested.

https://www.portfoliovisualizer.com/bac ... sisResults
by Ferdinand2014
Sun Jun 28, 2020 3:39 pm
Forum: Investing - Theory, News & General
Topic: How do you avoid being lazy with 3-fund portfolio?
Replies: 36
Views: 3688

Re: How do you avoid being lazy with 3-fund portfolio?

“Lethargy bordering on sloth should remain the cornerstone of investment style.“

Warren Buffett

You are in good company.
by Ferdinand2014
Sun Jun 28, 2020 11:08 am
Forum: Investing - Theory, News & General
Topic: Warren Buffet Recommends S & P 500?
Replies: 34
Views: 3234

Re: Warren Buffet Recommends S & P 500?

All the conversation about asset allocation and risk in stocks demonstrates that following the advice 90% in stocks would be terrible for many investors. Absolutely. I like to think of myself as an investor (I've learned so much here thanks to all you bogleheads), but in reality I'm primarily a sav...
by Ferdinand2014
Sun Jun 28, 2020 5:47 am
Forum: Investing - Theory, News & General
Topic: Warren Buffet Recommends S & P 500?
Replies: 34
Views: 3234

Re: Warren Buffet Recommends S & P 500?

I follow his advice and have been very happy. I personally believe it is plenty good enough. I keep enough cash to sleep well and the rest goes into a low cost S&P 500 index fund. Your savings rate and ability to stay the course will outweigh any decision regarding your allocation choices to stock d...
by Ferdinand2014
Fri Jun 26, 2020 6:29 am
Forum: Personal Investments
Topic: expense ratio in Vanguard
Replies: 16
Views: 1051

Re: expense ratio in Vanguard

Vanguard does provide the prospectus for SPY and the expense ratio is listed there. https://personal.vanguard.com/us/stocks/prospectus?Ticker=SPY Fidelity also shows the net ER of SPY as 0.09% https://screener.fidelity.com/ftgw/etf/goto/snapshot/snapshot.jhtml?symbols=SPY&type=sq-NavBar Paul Thanks...
by Ferdinand2014
Thu Jun 25, 2020 4:24 pm
Forum: Personal Investments
Topic: expense ratio in Vanguard
Replies: 16
Views: 1051

Re: expense ratio in Vanguard

For a vanguard ETF, like VOO for instance, I could easily find the expense ratio from the ETF profile/overview page. While for other ETFs (not tracked by vanguard), like SPY , there is no such information from that stock's profile page. But I do find the expense amount from SPY prospectus or report...
by Ferdinand2014
Sun Jun 21, 2020 3:10 pm
Forum: Investing - Theory, News & General
Topic: Volatility is NOT Risk, Bogle
Replies: 39
Views: 3530

Re: Volatility is NOT Risk, Bogle

It is why I do not try to manage volatility by picking an allocation ratio. Instead I pick X years of expenses in safe assets and let the allocation ratio be the result, not the choice. I care that I have, for example a minimum of 5 years expenses at retirement and do not worry if it is 25% or 10% o...
by Ferdinand2014
Sun Jun 21, 2020 2:47 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel on MiB Podcast: 60/40 is risky and more
Replies: 131
Views: 14493

Re: Jeremy Siegel on MiB Podcast: 60/40 is risky and more

Just listened to Jeremy Siegel (Professor of Finance at Wharton, author of “Stocks for the Long Run”) on the Masters In Business podcast ( non-Apple Link ), he makes a good case for a few things: 1. CAPE is giving off the wrong signals, far too bearish 2. Mathematically, even if we zero’d out 12 mo...
by Ferdinand2014
Sun Jun 21, 2020 1:47 pm
Forum: Investing - Theory, News & General
Topic: Bogle vs Buffett Asset Allocation
Replies: 21
Views: 1977

Re: Bogle vs Buffett Asset Allocation

Are you Buffet's wife? ...of course not. Sorry, just looking for some perspective. I apologize. I find your question a very good question. In fact a difficult question that is at the core of an investors most important decisions. Heck, just yesterday it was suggested my investing choice is for the ...
by Ferdinand2014
Sun Jun 21, 2020 1:18 pm
Forum: Investing - Theory, News & General
Topic: Bogle vs Buffett Asset Allocation
Replies: 21
Views: 1977

Re: Bogle vs Buffett Asset Allocation

Buffett has made it clear in many interviews and his shareholder letters that the amount in cash that you have should be based on your comfort level (whatever allows you to sleep well at night) which is different for every individual. He is also very clear that his recommendation for a low cost, bro...
by Ferdinand2014
Sat Jun 20, 2020 11:39 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15668

Re: Ditching International

Vanguard's default stance on international is world market cap. I believe once the older generation moves on, they'll slowly move to world market cap. What does the older generation have to do with this other than ageism? Planck's Principle: "A new scientific truth does not triumph by convincing it...
by Ferdinand2014
Sat Jun 20, 2020 9:33 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15668

Re: Ditching International

how about 1961 to now! This exactly what I want people to look at: all the evidence, not just the last handful of years. From 1961 to now, international has outperformed US about 50% of the time. It’s not the perennial loser that recent history might lead a naive observer to believe. More to the po...
by Ferdinand2014
Sat Jun 20, 2020 9:29 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15668

Re: Ditching International

What I said is precisely true and correct. You can make excuses and explanations all you want. They don't change reality. Also, all you have to do is buy Berkshire to invest exactly like Buffett. Its pretty easy to do. If you're going to appeal to authority by referencing one of the greatest invest...
by Ferdinand2014
Sat Jun 20, 2020 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Fidelity 2% Cash Back credit card
Replies: 167
Views: 10078

Re: Disappointed in Fidelity 2% Cash Back credit card

You have the choice to cancel the card or open Fidelity account.
by Ferdinand2014
Sat Jun 20, 2020 6:51 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15668

Re: Ditching International

Not correct on Jack Bogle What I said is precisely true and correct. You can make excuses and explanations all you want. They don't change reality. Also, all you have to do is buy Berkshire to invest exactly like Buffett. Its pretty easy to do. If you're going to appeal to authority by referencing ...
by Ferdinand2014
Sat Jun 20, 2020 6:50 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15668

Re: Ditching International

Not correct on Jack Bogle What I said is precisely true and correct. You can make excuses and explanations all you want. They don't change reality. Also, all you have to do is buy Berkshire to invest exactly like Buffett. Its pretty easy to do. If you're going to appeal to authority by referencing ...
by Ferdinand2014
Thu Jun 18, 2020 7:54 pm
Forum: Personal Investments
Topic: Using credit cards for leverage (no, seriously)
Replies: 53
Views: 3949

Re: Using credit cards for leverage (no, seriously)

I would never, ever consider your proposal. The only one who will get rich are the banks that give you the credit card.
by Ferdinand2014
Thu Jun 18, 2020 6:22 pm
Forum: Investing - Theory, News & General
Topic: Figuring out your Asset Allocation
Replies: 28
Views: 2149

Re: Figuring out your Asset Allocation

Great comments. I am always so focused on the percentages but its interesting to hear people talk about X many years of very safe money to ride out any craziness and the rest in stocks. So if I want to live off $200k a year and know I can do that for 7 years no matter what and I have $5M in "cash" ...
by Ferdinand2014
Wed Jun 17, 2020 11:02 pm
Forum: Investing - Theory, News & General
Topic: Cash in lieu of bonds
Replies: 55
Views: 4845

Re: Cash in lieu of bonds

I listened to some guy in Omaha and keep T-bills(cash) enough to sleep well and a low cost S&P 500 fund. That’s it. Cash (t-bills) historically protects against inflation, deflation and provides safety and liquidity. I do not keep any other fixed investments and am very happy.
by Ferdinand2014
Wed Jun 17, 2020 10:14 pm
Forum: Investing - Theory, News & General
Topic: Figuring out your Asset Allocation
Replies: 28
Views: 2149

Re: Figuring out your Asset Allocation

I was looking around for tips on setting one's asset allocation because I have recently started to think about retiring a little earlier than originally planned (plus I was laid off from my job). So, I think I'm going to reduce the risk in my portfolio. But for anyone wrestling with this question, ...
by Ferdinand2014
Wed Jun 17, 2020 9:54 pm
Forum: Personal Investments
Topic: Larry beats the S&P 500.
Replies: 126
Views: 11047

Re: Larry beats the S&P 500.

Opinion: Proof that you can outperform with the right actively managed stock fund Larry Puglia, the manager of TRBCX, has out performed the S&P 500 for 27 years. If The Oracle of Omaha had bet against him instead of 20 hedge funds he would have lost. I found this fund in my son’s 401K. When we were...
by Ferdinand2014
Wed Jun 17, 2020 8:43 pm
Forum: Investing - Theory, News & General
Topic: TIPS and Munis are not as liquid as I thought
Replies: 20
Views: 2075

Re: TIPS and Munis are not as liquid as I thought

I have been using SCHP (Schwab’s TIPS ETF.) It is low cost at 0.05% ER. However I am considering moving that money to VIPSX (Vanguard Inflation-Protected Securities Fund.) It is higher cost at 0.20% ER. ... a mutual fund with TIPS is a more comfortable vehicle if you need to pull any money out. You...
by Ferdinand2014
Wed Jun 17, 2020 1:59 pm
Forum: Investing - Theory, News & General
Topic: Self-Cleansing Nature of SP 500--Underappreciated?
Replies: 19
Views: 2453

Re: Self-Cleansing Nature of SP 500--Underappreciated?

VTI is cap weighted so does adjust to failing or rising businesses. Sp500 has slightly outperformed total didn't it? I could be wrong. Over long time periods (>20) total market has tended to outperformed the S&P. Over short (<10year )periods it is a crap shoot about which is in favor at the time. I...
by Ferdinand2014
Wed Jun 17, 2020 1:52 pm
Forum: Investing - Theory, News & General
Topic: Self-Cleansing Nature of SP 500--Underappreciated?
Replies: 19
Views: 2453

Re: Self-Cleansing Nature of SP 500--Underappreciated?

There is certainly a quality effect there, as well as "survivor bias" which we'd all invest in if we could, right? I am just dreading when Telsa makes 4 quarters in the black and gets added, ha ha. That is the other side of active indexes like the S&P 500. They buy winners but only after they have ...
by Ferdinand2014
Wed Jun 17, 2020 1:49 pm
Forum: Investing - Theory, News & General
Topic: Self-Cleansing Nature of SP 500--Underappreciated?
Replies: 19
Views: 2453

Re: Self-Cleansing Nature of SP 500--Underappreciated?

Betting on VOO or VTI represents the most likely path to performance at the 90th percentile. But VOO has this "self-cleaning" feature while VTI does not. Yet they have performed remarkably similarly - the difference is tiny. So maybe the "self-cleaning" aspect really isn't that important and isn't ...
by Ferdinand2014
Wed Jun 17, 2020 8:33 am
Forum: Investing - Theory, News & General
Topic: Self-Cleansing Nature of SP 500--Underappreciated?
Replies: 19
Views: 2453

Re: Self-Cleansing Nature of SP 500--Underappreciated?

"One of the things that jumps out from this list is how high the turnover at the top can be. Every decade there were at least five to six new names at the top of the list. While technology firms dominate the top slots today, in the early-1980s it was energy companies." Do you realize that many of t...
by Ferdinand2014
Tue Jun 16, 2020 8:50 pm
Forum: Personal Investments
Topic: International stock exposure...is up to 40% necessary?
Replies: 71
Views: 4794

Re: International stock exposure...is up to 40% necessary?

In principle your concept is valid, but in this instance the chart would seem to demonstrate that there is too little effect from adding international to care one way or the other. It is certainly not a demonstration that there is hazard in not doing it. I urge you not to be too quick to dismiss th...
by Ferdinand2014
Tue Jun 16, 2020 6:02 pm
Forum: Investing - Theory, News & General
Topic: Self-Cleansing Nature of SP 500--Underappreciated?
Replies: 19
Views: 2453

Re: Self-Cleansing Nature of SP 500--Underappreciated?

A somewhat related article that shows the changes of the S&P over time and the fallacy over concerns of concentration of the top 5 stocks. https://awealthofcommonsense.com/2020/02/5-companies-make-up-18-of-the-sp-500-should-investors-care/ "When you see a handful of stocks dominate in such a way it ...
by Ferdinand2014
Tue Jun 16, 2020 5:51 pm
Forum: Investing - Theory, News & General
Topic: Self-Cleansing Nature of SP 500--Underappreciated?
Replies: 19
Views: 2453

Re: Self-Cleansing Nature of SP 500--Underappreciated?

It is a thing of beauty. Invest regularly, reinvest dividends and watch it grow. Other than 3 years cash, I invest everything into a low cost S&P 500 index (FXAIX) every week.
by Ferdinand2014
Tue Jun 16, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Buying a Certified Pre-Owned BMW
Replies: 29
Views: 2526

Re: Advice on Buying a Certified Pre-Owned BMW

I would hope you'd read what certified pre-owned means for BMW. It means 1 more year after the original warranty is gone. There is a big list of "what isn't covered". You can also purchase BMW additional warranty coverage which also has a big list of "what isn't covered". Some of the things not cov...
by Ferdinand2014
Tue Jun 16, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Buying a Certified Pre-Owned BMW
Replies: 29
Views: 2526

Re: Advice on Buying a Certified Pre-Owned BMW

I am going to buy my daughter a Certified Pre-Owned BMW 320i. It looks like I can get one with about 20,000 miles for about $20,000. I haven't bought a used car in several decades. Does anyone have any advice on things I should be looking for? Like should I buy an extended warranty? Should I have t...