Search found 26 matches

by StoneFeeler
Mon Mar 25, 2019 12:23 am
Forum: Investing - Theory, News & General
Topic: Book on financial market history
Replies: 11
Views: 1080

Re: Book on financial market history

Thank you very much, everyone. Much appreciated.

I am still just surprised that this is not easily compiled and published by any author. I would have thought this is a oft-encountered need.

Cheers!
StoneFeeler (OP)
by StoneFeeler
Sun Mar 24, 2019 12:26 am
Forum: Non-US Investing
Topic: Non-resident Indian deposits
Replies: 17
Views: 1738

Re: Non-resident Indian deposits

Is this offer only for non resident indians, or can anyone take advantage of it? Yes, only for Non-resident Indians (with an Indian passport or Overseas Indian Citizenship). I am not sure about the physical certificate. Depends on the bank, I think ... State Bank of India issues a physical certific...
by StoneFeeler
Fri Mar 22, 2019 1:20 am
Forum: Investing - Theory, News & General
Topic: Book on financial market history
Replies: 11
Views: 1080

Book on financial market history

I have seen the book recommendations on the Boggleheads page on financial history. I have no doubt they are all good books, but I am looking for something more direct on the different episodes of the US economic and financial market history, illustrating what happened to the equity and bond investor...
by StoneFeeler
Thu Mar 21, 2019 1:52 am
Forum: Non-US Investing
Topic: US estate tax for joint accounts - how to manage?
Replies: 2
Views: 350

US estate tax for joint accounts - how to manage?

I live in Hong Kong and not a US resident. I was thinking that I would create a joint account with my spouse with a brokerage here (such as Interactive or TD Ameritrade), buy US stocks/ETFs. If either of us dies, then the other person can quickly sell the assets and take out the money before we are ...
by StoneFeeler
Thu Mar 21, 2019 12:22 am
Forum: Non-US Investing
Topic: Anyone has experience with Vanguard Hong Kong ETFs?
Replies: 11
Views: 1566

Re: Anyone has experience with Vanguard Hong Kong ETFs?

If you use Vanguard HK ETF to invest in S&P 500, you lose 30% withholding tax on dividends. If you want to get S&P 500, better to invest in Vanguard or Ishares Ireland ETFs.
by StoneFeeler
Wed Mar 20, 2019 10:23 pm
Forum: Non-US Investing
Topic: Non-resident Indian deposits
Replies: 17
Views: 1738

Re: Non-resident Indian deposits

I forgot to add one more point: The interest on the FCNR deposits is free of withholding or any other tax in India. Of course, you will need to pay tax in your own country (USA or any other).
by StoneFeeler
Wed Mar 20, 2019 9:35 pm
Forum: Non-US Investing
Topic: Non-resident Indian deposits
Replies: 17
Views: 1738

Re: Non-resident Indian deposits

Thanks for the various points raised. 1. Here is the webpage of SBI where you can find a link to the deposit rates. It pops up in a table. These kinds of deposits are called FCNR (Foreign Currency Non-Resident) deposits and every bank offers them. https://www.sbi.co.in/portal/web/interest-rates/fore...
by StoneFeeler
Wed Mar 20, 2019 5:33 am
Forum: Non-US Investing
Topic: Non-resident Indian deposits
Replies: 17
Views: 1738

Non-resident Indian deposits

I'm sorry for posting on a topic that is relevant only to Non-resident Indians, but I hope there are a number of such people here. Indian banks offer USD deposits for non-resident Indians at attractive rates. For example, State Bank of India's rate is currently 3.69% for a one-year deposit. That see...
by StoneFeeler
Tue Mar 19, 2019 11:25 pm
Forum: Personal Investments
Topic: Retirement Calculators: variances in output
Replies: 13
Views: 1457

Re: Retirement Calculators: variances in output

The other issue is: all these calculators talk about a constant withdrawal rate of 4% or whatever. How to think about sudden lump-sum expenses (particularly medical)?
by StoneFeeler
Tue Mar 19, 2019 11:24 pm
Forum: Personal Investments
Topic: Retirement Calculators: variances in output
Replies: 13
Views: 1457

Re: Retirement Calculators: variances in output

Admiral wrote:
Mon Mar 18, 2019 9:29 am
To answer your questions about FRP: I have used it for years and find it robust.
I am newbie here, so please excuse my question: Which one is FRP? Can you give a link? Thanks
by StoneFeeler
Tue Mar 19, 2019 6:11 am
Forum: Personal Investments
Topic: AQR report on expected returns in 5-10 years
Replies: 10
Views: 938

Re: AQR report on expected returns in 5-10 years

Their biggest mis-forecast was the UK, where they predicted 5.8% real returns and instead the UK saw -1.9% real returns.
[/quote]

Nobody could have foreseen the shock Brexit vote. Also, when they say 5 years, it is still just 5y and 1m, and so maybe we must give them more time.
by StoneFeeler
Mon Mar 18, 2019 11:48 pm
Forum: Personal Investments
Topic: AQR report on expected returns in 5-10 years
Replies: 10
Views: 938

AQR report on expected returns in 5-10 years

Has anyone read this report? Seems interesting. Sobering conclusions on equity, bond returns.

https://www.aqr.com/Insights/Research/A ... et-Classes
by StoneFeeler
Fri Mar 15, 2019 11:56 pm
Forum: Personal Investments
Topic: Risk averse portfolio for an early retiree?
Replies: 45
Views: 5074

Re: Risk averse portfolio for an early retiree?

Very nice thread, so I am posting just to follow this. I am a newbie, so apologies if this is an intrusion or if there is a better way to follow the thread.
by StoneFeeler
Thu Mar 14, 2019 7:08 am
Forum: Personal Investments
Topic: Max drawdown data for different AA
Replies: 9
Views: 964

Re: Max drawdown data for different AA

Paul, I checked out the tables. Very useful. One question - do they reflect the change in the index values only or do they include dividends? Also, are these nominal or real? Thanks They reflect nominal return and reinvested dividends. In my experience only people selling index annuities use the in...
by StoneFeeler
Wed Mar 13, 2019 8:34 pm
Forum: Personal Investments
Topic: Finding the risk tolerance for AA
Replies: 18
Views: 1094

Re: Finding the risk tolerance for AA

Hi all,

Thanks for all your ideas and links. I have already read some of them, but will go through the rest. I just wanted to say say that I appreciate all your help. I will pop back and share more of my thinking later.

Cheers
StoneFeeler (OP)
by StoneFeeler
Wed Mar 13, 2019 12:45 am
Forum: Personal Investments
Topic: Finding the risk tolerance for AA
Replies: 18
Views: 1094

Finding the risk tolerance for AA

Personal situation: Self 53 years, Wife 48 years, no other financial needs (kids provided for), trying to deploy 3 mil for 10-15 years when I expect to begin retirement and drawdown, no addition to savings expected until then. In this situation, I am trying to estimate my risk tolerance to determine...
by StoneFeeler
Mon Mar 11, 2019 8:53 am
Forum: Personal Investments
Topic: "Never time the market" vs. lump sum investment
Replies: 149
Views: 17984

Re: "Never time the market" vs. lump sum investment

In the 2012 Vanguard study, the final outperformance of lumpsum over DCA was 1.4% to 2.5% on average. But that percentage is the cumulative outperformance over 10 years, and not annualized . If one gains 2% more by at the end of 10 years, what is the big deal? One might as well be indifferent to eit...
by StoneFeeler
Tue Feb 26, 2019 4:37 am
Forum: Personal Investments
Topic: Max drawdown data for different AA
Replies: 9
Views: 964

Re: Max drawdown data for different AA

The expected drawdowns will vary with different combinations of asset classes. If you wish to compare the maximum drawdowns on combinations of S&P 500 and bonds, worldwide equity combinations with bonds, and all value equity portfolios with bonds check out https://paulmerriman.com/fine-tuning-table...
by StoneFeeler
Mon Feb 25, 2019 12:38 am
Forum: Personal Investments
Topic: Max drawdown data for different AA
Replies: 9
Views: 964

Re: Max drawdown data for different AA

Thanks for the links. I will check them out. My objective to starting this thread is as follows: I thought the most important consideration in deciding AA ought to be the percentage loss that one is willing/able to withstand if something hits the fan. That's why I was looking for some data on the ma...
by StoneFeeler
Fri Feb 22, 2019 11:08 pm
Forum: Personal Investments
Topic: Max drawdown data for different AA
Replies: 9
Views: 964

Max drawdown data for different AA

Hi, I am new to the forum and trying to learn. I wanted to understand the max drawdown for different AA and came across the below table in the Wiki (https://www.bogleheads.org/wiki/Risk_tolerance): Asset Allocation % (Stock/Bond) Exposure to Maximum Loss 20/80 5% 30/70 10% 40/60 15% 50/50 20% 60/40 ...
by StoneFeeler
Fri Feb 22, 2019 10:17 pm
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 1023
Views: 83497

Re: My trend following strategy and experience

I am sorry if this is a stupid question, but I am a newbie to the Forum. When you say you check the indices against 7MMA, do you take 7 monthly figures and average them, or daily figures for 7 months and average them? Thanks! I don't actually do any of the calculations myself. I use Portfolio Visua...
by StoneFeeler
Fri Feb 22, 2019 5:29 am
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 1023
Views: 83497

Re: My trend following strategy and experience

I am sorry if this is a stupid question, but I am a newbie to the Forum.

When you say you check the indices against 7MMA, do you take 7 monthly figures and average them, or daily figures for 7 months and average them?

Thanks!
by StoneFeeler
Thu Feb 21, 2019 7:32 pm
Forum: Non-US Investing
Topic: Tax implications for Vanguard HK ETF
Replies: 3
Views: 580

Re: Tax implications for Vanguard HK ETF

I did ask Vanguard by email. They replied very promptly - within a couple of hours! I have reproduced my questions and their replies: Question 1 - When the ETF receives dividends from US companies (such as Apple, Walmart, etc.), does it receive the full dividends or after withholding tax by the comp...
by StoneFeeler
Thu Feb 21, 2019 3:32 am
Forum: Personal Investments
Topic: Lump-sum capital - how to handle?
Replies: 7
Views: 540

Lump-sum capital - how to handle?

Hi all, As a result of the sale of real estate, I suddenly have a substantial amount of capital (over a couple of million). I am looking for thoughts on how to deploy it in financial markets - equity and fixed income. My thoughts are: Current equity market cannot be said to be cheap (See P/E, Shille...
by StoneFeeler
Thu Feb 21, 2019 1:53 am
Forum: Non-US Investing
Topic: Tax implications for Vanguard HK ETF
Replies: 3
Views: 580

Tax implications for Vanguard HK ETF

Hi all, Vanguard has an S&P 500 ETF: Stock code 3140 and ISIN HK0000248903. (https://www.vanguard.com.hk/portal/mvc/detail/etf/overview?portId=9583&assetCode=EQUITY##overview) It looks like this ETF is a Hong Kong trust and hence HK domiciled entity, as far as I can tell from the prospectus availabl...
by StoneFeeler
Wed Feb 20, 2019 4:12 am
Forum: Non-US Investing
Topic: Hong Kong Bogleheads?
Replies: 34
Views: 7427

Re: Hong Kong Bogleheads?

Hi

I live in HK, but am new to the forum here. Is the HK chapter active with meetings?