Search found 27768 matches

by abuss368
Sun Dec 31, 2023 5:01 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 11037
Views: 2066385

Re: What Movie Have You Recently Watched?

“The Godfather II”

Priceless.

https://en.wikipedia.org/wiki/The_Godfather_Part_II

Best.
Tony
by abuss368
Sun Dec 31, 2023 5:01 pm
Forum: Personal Investments
Topic: Annual Rebalancing
Replies: 30
Views: 3339

Re: Annual Rebalancing

Hi Taylor - Respectfully, I am not so sure the quote by Jack Bogle provides the complete picture. Mr. Bogle often said international “was not needed”. He would elaborate by stating in books and interviews, “that for those so inclined (paraphrase) he recommends no more than 20% of stocks to international”. In my opinion, this changes the message. I am interested in your thoughts too. Happy Holidays! Tony Tony: When I was writing my book, "B ogleheads' Guide to The Three Fund Portfolio" Mr. Bogle wrote a 5-page " Forward ." Jack and I had a discussion about whether the portfolio should be two or three funds. He suggested that 2 funds are probably better and simpler. I respectfully disagreed because I believed (and still d...
by abuss368
Sun Dec 31, 2023 3:10 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 High Dividend ETF - SPYD
Replies: 100
Views: 15896

Re: S&P 500 High Dividend ETF - SPYD

Bogleheads -

This fund is now close to $7 BILLION

https://www.ssga.com/us/en/intermediary ... lsrc=3p.ds

I am curious how many Bogleheads invest in this fund and your experiences.

Best.
Tony
by abuss368
Sun Dec 31, 2023 3:09 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 High Dividend ETF - SPYD
Replies: 100
Views: 15896

Re: S&P 500 High Dividend ETF - SPYD

Bogleheads -

I am please that SPYD paid an excellent 4th quarter dividend.

4th Quarter 2022 - $0.50 a share

4th Quarter 2023 - $0.53 a share

https://www.ssga.com/us/en/intermediary ... d-etf-spyd

Best.
Tony
by abuss368
Sun Dec 31, 2023 3:06 pm
Forum: Personal Investments
Topic: How important are TIPS?
Replies: 27
Views: 3209

Re: How important are TIPS?

Bogleheads: I am not a records keeper, but I remember this: When Vanguard introduced their first TIPS fund we bought it. Several years later Vanguard introduced a shorter-term TIPS fund and we bought it. Several years after that we sold both funds because of their underperformance. Best wishes. Taylor Jack Bogle's Words of Wisdom: “For those that want to keep things simple, total bond is a great option.” Hi Taylor - Excellent thoughts. We followed the same path by investing in Vanguard Intermediate Term TIPS Fund. It was all the rage on the forum. After a short period of time, we questioned this investment and wanted to continue down the path of simplicity. We combined with Vanguard Total Bond and never looked back. Total Bond allows us to...
by abuss368
Sun Dec 31, 2023 3:03 pm
Forum: Personal Investments
Topic: Annual Rebalancing
Replies: 30
Views: 3339

Re: Annual Rebalancing

abracadabra11, I am torn between Jack Bogle's opinion and Taylor's opinion concerning international investing. Jack said no international and Taylor said 20% international. Vanguard thinks we should have at least 40% international. My decision on international is that I will wait until the end of 2024 before I invest more into international. If my percentage in international increases by that time, (and only then) I will consider adding to VXUS. Cubs Fan: See below. Best wishes. Taylor Jack Bogle's Words of Wisdom: "I'd still limit the international component of the portfolio to no more than 20 percent of the equity position." Common Sense on Mutual Funds page 138 Hi Taylor - Respectfully, I am not so sure the quote by Jack Bogle...
by abuss368
Sun Dec 31, 2023 2:37 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 2645
Views: 320016

Re: Jack Bogle - Two Fund Portfolio

Bogleheads -

I am pleased that Total Stock Market, which is included in the Jack Bogle Two Fund Portfolio, distributed a higher dividend than 4th quarter 2022.

4th Quarter 2022 - $0.93 a share

4th Quarter 2023 - $1.00 a share

https://investor.vanguard.com/investmen ... tributions

Thank you Mr. Bogle!

Best.
Tony
by abuss368
Sat Dec 30, 2023 9:40 pm
Forum: Investing - Theory, News & General
Topic: Fundrise - Real Estate
Replies: 161
Views: 26293

Re: Fundrise - Real Estate

Bogleheads -

How did Fundrise’s funds finish 2023?

What funds are you invested in?

Did the passive income increase?

Any changes in your Fundrise strategy for 2024?

Best.
Tony
by abuss368
Sat Dec 30, 2023 9:38 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 5973
Views: 689814

Re: [What TV Show Have You Recently Watched?]

“Monarch Legacy of Monsters” on Apple TV.

Kurt Russell.

Godzilla!


https://en.wikipedia.org/wiki/Monarch:_ ... f_Monsters


Love it.

Best.
Tony
by abuss368
Sat Dec 30, 2023 9:35 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 3606
Views: 562217

Re: Post your Financial Milestone Announcements Here

retire2022 wrote: Tue Dec 19, 2023 5:40 pm New All Time High 2.833 million since retired, at 63 with pension.

YTD 32.71%, 12 months 31.38%, AA 87/13
Hi retire2022 -

Incredible return and you should be proud you have “enough” as Jack Bogle would say.

A simple portfolio of S&P 500, Vanguard Technology, and Apple stock did the job.

Others can learn much from this.

Best.
Tony
by abuss368
Sat Dec 30, 2023 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken 2019 and forward
Replies: 1061
Views: 114266

Re: Quicken 2019 and forward

Bogleheads -

I was surprised that Mint is now being discontinued.

* Mint
* Microsoft Money
* Quicken sold multiple times and still without a cloud version.

Is the personal finance software market this unattractive from a business perspective?

In some respects, with information now in the cloud, real time, instant notification, combined with many web and analysis tools offered at most financial institutions, the demand and need for personal finance software has declined.

Best.
Tony
by abuss368
Sat Dec 30, 2023 3:43 pm
Forum: Investing - Theory, News & General
Topic: Am I the only investor allocating more towards Bonds in 2024?
Replies: 149
Views: 30572

Re: Am I the only investor allocating more towards Bonds in 2024?

carminered2019 wrote: Thu Dec 28, 2023 5:48 pm
I am up little over 850K YTD with no new contribution and my spending is 65K a year.
That is an incredible return for one year.

A game changer.

Best.
Tony
by abuss368
Sat Dec 30, 2023 1:19 pm
Forum: Personal Consumer Issues
Topic: How much to spend on single vacation?
Replies: 108
Views: 24879

Re: How much to spend on single vacation?

ge1 wrote: Thu Dec 28, 2023 6:44 pm We spent more than this for a family of 3 this summer for a 7 day vacation and it never occurred to me to ask for permission here… :wink:
Hi ge1 -

Priceless!

Best.
Tony
by abuss368
Sat Dec 30, 2023 1:18 pm
Forum: Investing - Theory, News & General
Topic: A Christmas Message
Replies: 140
Views: 14242

Re: A Christmas Message

Bogleheads: On Christmas Eve 1944, I was a 20 year old American paratrooper in a snow-covered foxhole outside the Belgian town of Bastogne. The Germans had launched a night attack thinking we would be less alert. They were wrong. We were soon surrounded by several German Divisions who demanded our surrender. Our commander replied "Nuts." You can read about it here: https://www.archivesfoundation.org/documents/surrender-nuts-gen-anthony-mcauliffes-1944-christmas-message-troops/ Merry Christmas! Taylor Jack Bogle's Words of Wisdom: "I’ve known many people in the financial business who’ve said, ‘I’m really proud because I did it all myself.’ And when someone has the temerity to say that to me, and a lot of people do, the first ...
by abuss368
Sat Dec 30, 2023 1:14 pm
Forum: Personal Consumer Issues
Topic: Apple Watch Questions
Replies: 42
Views: 6249

Re: Apple Watch Questions

retire2022 wrote: Fri Dec 22, 2023 10:49 pm op

I use Resmed CPAP Airsense 11 and their software app links up with Iphone Health app and copies the data from CPAP sleep to awake times daily.

I am not using an Apple watch for these sleep records.
Hi retire2022 -

An interesting technology for sure. I was not aware that this existed.

Hope you are well.
Tony
by abuss368
Thu Nov 30, 2023 7:27 pm
Forum: Personal Investments
Topic: US-Only Target Date Funds
Replies: 5
Views: 810

Re: US-Only Target Date Funds

So I have been using a one-fund strategy with my 401k accounts with 2050 target date funds and most of them have 35% international stocks. The risk adjusted return for the international stocks have been abysmal over the last 10 years. Moreover drawdowns during the periods of uncertainty (covid, inflation) have been just as bad as US stocks if not worse. So I can longer justify allocating 35% of my retirement portfolio in them. Are there any target date funds with US-only stocks and bonds and low expense ratio? * S&P 500 Fund * Total Stock Market Fund * Balanced Index Fund However, one will never know whether the US or International markets will outperform in the future. My grandmother always said there is more than one road to Rome! Be...
by abuss368
Thu Nov 30, 2023 7:20 pm
Forum: Investing - Theory, News & General
Topic: New Bogleheads podcast. Episode 64: Victor Haghani and James White, ”The Missing Billionaires”
Replies: 51
Views: 14762

Re: New Bogleheads podcast. Episode 64: Victor Haghani and James White, ”The Missing Billionaires”

+1. Simplicity and planning as we age combined with spouses with little financial interest becomes more and more important and is so often overlooked. As a physician I see this issue everyday. Cognitive decline is way under appreciated in most financial planning from my point of view. The book was certainly thoughtful and interesting. If nothing else, it reconfirmed my belief in the enemy of a good plan is the perfect plan concept. I will stick with my good plan. Hi Jon - I could not agree more! In my profession, I have seen individuals start with complexity in terms of their financial lives, only to be challenged by this complexity as the years went on. Then, there is often the spouse challenge. Certainly not discussed enough in the finan...
by abuss368
Thu Nov 23, 2023 10:20 am
Forum: Personal Investments
Topic: What is the best fund or ETF for taxable total world stock market?
Replies: 20
Views: 2907

Re: What is the best fund or ETF for taxable total world stock market?

nps wrote: Thu Nov 23, 2023 9:51 am
abuss368 wrote: Thu Nov 23, 2023 9:44 am
DPEMD wrote: Tue Nov 21, 2023 10:49 am
Thanks for the reply. Do you know how much the foreign tax credit is worth as a percentage of the investment?
Hi DPEMD -

I use a back of the napkin 8.00% - 10.00% as a rough estimate.

Hope this helps.

Tony
Yes but as a percentage of the dividends, not as a percentage of the investment
Correct.

Best.
Tony
by abuss368
Thu Nov 23, 2023 9:45 am
Forum: Investing - Theory, News & General
Topic: What is the role of fixed income to you?
Replies: 118
Views: 15981

Re: What is the role of fixed income to you?

ge1 wrote: Tue Nov 07, 2023 4:23 pm At current rates and for the foreseeable future, it is the primary mechanism how I'll achieve my target return. Equity returns are just gravy on top.
Hi ge1 -

It certainly is nice having higher rates provide higher expected returns for bonds moving forward after many years of near zero rates.

Happy Thanksgiving!
Tony
by abuss368
Thu Nov 23, 2023 9:44 am
Forum: Personal Investments
Topic: What is the best fund or ETF for taxable total world stock market?
Replies: 20
Views: 2907

Re: What is the best fund or ETF for taxable total world stock market?

DPEMD wrote: Tue Nov 21, 2023 10:49 am
Thanks for the reply. Do you know how much the foreign tax credit is worth as a percentage of the investment?
Hi DPEMD -

I use a back of the napkin 8.00% - 10.00% as a rough estimate.

Hope this helps.

Tony
by abuss368
Thu Nov 23, 2023 9:39 am
Forum: Personal Investments
Topic: What is the best fund or ETF for taxable total world stock market?
Replies: 20
Views: 2907

Re: What is the best fund or ETF for taxable total world stock market?

I’m looking for a total world stock investment to be held long term in a Vanguard brokerage account. Thoughts? Hi DPEMD - Excellent thoughts in terms of a fund that is low cost, highly diversified, and best of simplicity. There are a few items to consider: * Would this fund be held in a taxable or tax advantaged account? * Impact and ability of the Foreign Tax Credit * Rebalancing With a Global Fund, you will typically not be able to claim the Foreign Tax Credit. That essentially increases cost. However, this may be an additional expense that the investor is fine and willing to accept for the trade off of simplicity and avoiding rebalancing separate funds. Ultimately from a BIG PICTURE perspective, you are going down a good road. One Globa...
by abuss368
Sat Nov 18, 2023 1:46 pm
Forum: Personal Investments
Topic: Experience with Fundrise
Replies: 79
Views: 17809

Re: Experience with Fundrise

Overall very positive. I have invested in Fundrise across several years. For simplicity/in summary: annualized return of 7.8% over past few years. Invested roughly $80,000, investment returns of $20,000, account balance = $100,000. Invested in a range of their funds for long-term growth. Also have invested in their "iPO" which allows investors to buy effectively common shares in the company (Fundrise) itself. Customer service has been good. CEO Ben Miller communicates very well. Data and visualizations quite effective. Liquidity is not as good as VTSAX but better than direct ownership in real estate or syndications e.g. I did trim my exposure during 2022 by a significant chunk and it was easy to do with no penalty. Hi VanguardInv...
by abuss368
Sat Nov 18, 2023 11:31 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 3895
Views: 2424315

Re: The Three-Fund Portfolio

I made a big step toward the three fund portfolio today. I exited all of my REITs, which I have used as part of my overall portfolio since the very start of investing. That came from Rick Ferri’s book, which also included tilts in different regions and in small caps. But increasingly I see wisdom in simplifying. I never did the math, anyhow, to see if all the tilting helped or not. It’s all just a little bit easier to manage across our many accounts, and that alone I can appreciate. angelescrest: Congratulations! The Three Fund Portfolio already contains the market weight in REITs and Small Cap stocks. Strive for simplicity. Best Wishes Taylor Jack Bogle's Words of Wisdom: "The beauty of owning the market is that you eliminate individ...
by abuss368
Sat Nov 18, 2023 9:20 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 5973
Views: 689814

Re: [What TV Show Have You Recently Watched?]

Bogleheads -

I have started watching season 4 of “For All Mankind” and it is excellent.

In my opinion, Apple TV knocks it out of the park with this show!

https://en.wikipedia.org/wiki/For_All_M ... TV_series)

Best.
Tony
by abuss368
Sat Nov 18, 2023 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2019 and forward
Replies: 1061
Views: 114266

Re: Quicken 2019 and forward

Bogleheads -

My understanding is that Quicken was recently sold and bought yet again by another investor. Quicken has now had a serious of different owners.

Mint is also closing down correct?

This is telling about the state of the personal software industry.

In many respects I believe this was inevitable. As the push to the cloud, real time websites, text alerts, informative statements, and other reporting and analysis tools online with banking and investments, in my opinion the value of personal financial software has declined over time.

Is Quicken even an option in the cloud and mobile? Is it still a downloaded software product (which would surprise me in the year 2023).

Best.
Tony
by abuss368
Sat Nov 18, 2023 9:04 am
Forum: Investing - Theory, News & General
Topic: What is the role of fixed income to you?
Replies: 118
Views: 15981

Re: What is the role of fixed income to you?

Of course all retirees should have 2-3 years of living expenses in cash or equivalents-in order to ride out stockmarket drops which are mostly equities but were unusually equities and bonds last year Depends on how much Social Security/pension income one has. Hi Tom_T & xxd091 - In my opinion both are excellent strategies and largely depend on the individual’s circumstances and tolerance for risk. That is, what allows one to sleep well at night. I have worked with individuals who have sufficient Social Security and Pension cash flow. However, they may still prefer to have a significant (i.e. relative) amount in cash. Other individuals may have different flows of cash. In addition, they may (or may not) prefer a significant amount of ca...
by abuss368
Sat Nov 18, 2023 8:13 am
Forum: Investing - Theory, News & General
Topic: What is the role of fixed income to you?
Replies: 118
Views: 15981

Re: What is the role of fixed income to you?

ge1 wrote: Tue Nov 07, 2023 4:23 pm At current rates and for the foreseeable future, it is the primary mechanism how I'll achieve my target return. Equity returns are just gravy on top.
Hi ge1 -

I would agree that bond returns are looking much more favorable over the next few years with rates much higher. It will take some time for the results to be positive (i.e. duration risk) but investors will get there.

Best.
Tony
by abuss368
Sat Nov 18, 2023 8:11 am
Forum: Personal Investments
Topic: Experience with Fundrise
Replies: 79
Views: 17809

Re: Experience with Fundrise

Overall very positive. I have invested in Fundrise across several years. For simplicity/in summary: annualized return of 7.8% over past few years. Invested roughly $80,000, investment returns of $20,000, account balance = $100,000. Invested in a range of their funds for long-term growth. Also have invested in their "iPO" which allows investors to buy effectively common shares in the company (Fundrise) itself. Customer service has been good. CEO Ben Miller communicates very well. Data and visualizations quite effective. Liquidity is not as good as VTSAX but better than direct ownership in real estate or syndications e.g. I did trim my exposure during 2022 by a significant chunk and it was easy to do with no penalty. Hi VanguardInv...
by abuss368
Thu Nov 16, 2023 8:26 pm
Forum: Investing - Theory, News & General
Topic: World ex-US returns are only 4.4% - 120 years of data
Replies: 110
Views: 11142

Re: World ex-US returns are only 4.4% - 120 years of data

Grant Cardone recently said only 500 US stocks (S&P 500) are worth anything and generate a lot of returns. Everything else 3,500 US stocks are pure garbage and don’t make serious money. He also said the best opportunities are in the US (and that is from someone who has the means and financial resources to invest anywhere).

He also recommended all investments should pay cash flows (rents, dividends, etc).

Who know what the future may bring.

Makes one pause and think!
Tony
by abuss368
Thu Nov 16, 2023 8:22 pm
Forum: Investing - Theory, News & General
Topic: World ex-US returns are only 4.4% - 120 years of data
Replies: 110
Views: 11142

Re: World ex-US returns are only 4.4% - 120 years of data

Tom_T wrote: Thu Nov 16, 2023 7:51 am Paging Nathan Drake to explain why all of this means nothing.
Hi Tom_T

Laughed out loud there!

Priceless

😂

Tony
by abuss368
Thu Nov 16, 2023 1:11 pm
Forum: US Chapters
Topic: What's changed in the last 10 years Bogleheads?
Replies: 279
Views: 57017

Re: What's changed in the last 10 years Bogleheads?

nedsaid wrote: Thu Nov 16, 2023 7:21 am
HomerJ wrote: Wed Nov 15, 2023 11:28 pm
DonIce wrote: Wed Nov 15, 2023 7:15 pm US stocks continue to soar.
Heh, nice... I miss that thread.
I loved the Free Fall thread as well. It was too much fun, which is pretty much frowned upon here. The Bogleheads have gotten to be like a Public Library, informative but not much excitement. Since Larry Swedroe left, the fun-o-meter now registers Dullsville. We used to have more lively debates here, I miss Ferri vs. Swedroe.
Hi nedsaid -

All true but we have Dave and his Cayman Islands Hedge Fund😂🤣

Hope you are well.
Tony
by abuss368
Thu Nov 16, 2023 10:43 am
Forum: US Chapters
Topic: What's changed in the last 10 years Bogleheads?
Replies: 279
Views: 57017

Re: What's changed in the last 10 years Bogleheads?

"First 20% of bonds in long-term Treasuries" Those people got slaughtered. I was tempted. (Long term listener, new caller.) But I'm glad I stayed the course with my decidedly un-"modern" Total Bond fund. Sometimes it doesn't pay to be one of the cool kids. The dweebs, the nerds, and the geeks who thought Total Bond was good enough look pretty good in comparison. Yes, Long-Term Treasuries did get slaughtered. I guess I am semi-cool, I bought a Long-Term TIPS ETF and suffered about 10% losses since January 10th. I wanted to see if I could tolerate the volatility. It was a smaller portion of my bonds, so not hurting from it. +1 Also bought TIPS funds many many years ago. Could not tolerate the volatility. Sold and vowed, n...
by abuss368
Thu Nov 16, 2023 10:41 am
Forum: US Chapters
Topic: What's changed in the last 10 years Bogleheads?
Replies: 279
Views: 57017

Re: What's changed in the last 10 years Bogleheads?

Bogleheads: In my opinion the Bogleheads Philosophy is as good today as when Mr. Bogle introduced it in 1994. Best wishes. Taylor Jack Bogle's Words of Wisdom: "Yes, investing is simple. But it is not easy, for it requires discipline, patience, steadfastness, and that most uncommon of all gifts, common sense." Hi Taylor - Well said sir! Let’s also thank the members of the John C. Bogle Center for Financial Literacy for their tireless efforts and hard work towards the mission of keeping “investing advice inspired by Jack Bogle” alive and growing! Hope you are well. Tony Tony, You know, I was also considering making this point…thinking about Taylor and you…that this forum was practically defined by the 3 Fund Portfolio yet it rarel...
by abuss368
Thu Nov 16, 2023 10:40 am
Forum: US Chapters
Topic: What's changed in the last 10 years Bogleheads?
Replies: 279
Views: 57017

Re: What's changed in the last 10 years Bogleheads?

rossington wrote: Wed Nov 15, 2023 10:52 pm
abuss368 wrote: Wed Nov 15, 2023 7:59 pm
rossington wrote: Wed Nov 15, 2023 7:08 pm There is still no clear winner in the divided threads.
Hi rossington -

The debate should not be focused on a “winner” but rather discussing two differing strategies each of which have merit.

* Passive Income Streams

* Total Return

Both strategies have advantages and disadvantages.

Best.
Tony
Tony,
You are 100% correct. I have attempted to explain this but it just gets lost in the back and forth.
Good job digging through the sarcasm.
Hi rossington -

All good and I am glad we connected.

Best.
Tony
by abuss368
Wed Nov 15, 2023 9:05 pm
Forum: US Chapters
Topic: What's changed in the last 10 years Bogleheads?
Replies: 279
Views: 57017

Re: What's changed in the last 10 years Bogleheads?

Taylor Larimore wrote: Wed Nov 15, 2023 5:26 pm Bogleheads:

In my opinion the Bogleheads Philosophy is as good today as when Mr. Bogle introduced it in 1994.

Best wishes.
Taylor
Jack Bogle's Words of Wisdom:"Yes, investing is simple. But it is not easy, for it requires discipline, patience, steadfastness, and that most uncommon of all gifts, common sense."
Hi Taylor -

Well said sir!

Let’s also thank the members of the John C. Bogle Center for Financial Literacy for their tireless efforts and hard work towards the mission of keeping “investing advice inspired by Jack Bogle” alive and growing!

Hope you are well.
Tony
by abuss368
Wed Nov 15, 2023 9:01 pm
Forum: US Chapters
Topic: What's changed in the last 10 years Bogleheads?
Replies: 279
Views: 57017

Re: What's changed in the last 10 years Bogleheads?

WhitePuma wrote: Wed Nov 15, 2023 8:36 pm The Vanguard got blown off course and sunk. Fidelity and Schwab came in to the rescue.
Hi WhitePuma -

I am somewhat confused by this statement!

Vanguard’s assets under management are in the TRILLIONS and leading all other firms by a wide margin.

In my personal experience I have never had any issues with the only “mutual” mutual fund firm created by Jack Bogle.

Best.
Tony
by abuss368
Wed Nov 15, 2023 8:03 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein on TIPS, asset allocation, and four deep risks
Replies: 189
Views: 30090

Re: William Bernstein on TIPS, asset allocation, and four deep risks

Rick Ferri wrote: Wed Nov 01, 2023 10:01 am Our philosophy is universal, but each strategy is personal.

VTIPS works for me. To each his or her own. :happy

Rick
Hi Rick -

Truer words could not be spoken!

The Bogleheads investment philosophy works.

Hope you are well.
Tony
by abuss368
Wed Nov 15, 2023 8:01 pm
Forum: US Chapters
Topic: What's changed in the last 10 years Bogleheads?
Replies: 279
Views: 57017

Re: What's changed in the last 10 years Bogleheads?

DonIce wrote: Wed Nov 15, 2023 7:15 pm US stocks continue to soar.
Hi DonIce -

I wrote this as well in my post.

The question becomes will US stocks continue their dominance or are International stocks a better value and will enjoy some time in the sun?


Best.
Tony
by abuss368
Wed Nov 15, 2023 7:59 pm
Forum: US Chapters
Topic: What's changed in the last 10 years Bogleheads?
Replies: 279
Views: 57017

Re: What's changed in the last 10 years Bogleheads?

rossington wrote: Wed Nov 15, 2023 7:08 pm There is still no clear winner in the divided threads.
Hi rossington -

The debate should not be focused on a “winner” but rather discussing two differing strategies each of which have merit.

* Passive Income Streams

* Total Return

Both strategies have advantages and disadvantages.

Best.
Tony
by abuss368
Wed Nov 15, 2023 6:50 pm
Forum: US Chapters
Topic: What's changed in the last 10 years Bogleheads?
Replies: 279
Views: 57017

Re: What's changed in the last 10 years Bogleheads?

I used to read this forum pretty religiously but stopped after I'd gone in fully on a Boglehead investment strategy. I just don't fiddle my investment strategy much anymore so don't spend as much time reading about investing. Anyway, my question is: What has changed in the boglehead philosophy (or implementation) in the last 5- 10 years since I stopped tracking this stuff as closely? I know there's a bunch of stuff that's timeless in the Boglehead philosophy, but things do change over time (e.g Vanguard popularizing index funds, ETFs slowly replacing mutual funds, online brokers becoming near zero fee and basically identical). At one point, I thought Robo-advisors were going to become a huge part of the market but that doesn't seem to have...
by abuss368
Fri Nov 10, 2023 5:46 pm
Forum: Investing - Theory, News & General
Topic: Is Vanguard STAR Fund still relevant in 2023?
Replies: 56
Views: 12166

Re: Is Vanguard STAR Fund still relevant in 2023?

dkturner wrote: Thu Nov 09, 2023 5:33 am
abuss368 wrote: Sat Nov 04, 2023 12:05 pm
loukycpa wrote: Sun Oct 29, 2023 8:19 am Anyone want to take a shot at explaining the outperformance of VGSTX over VSMGX since VSMGX inception 30 years ago?
Hi loukycpa -

I am unsure of these ticker symbols and I suspect other Bogleheads may be as well.

I believe ticker symbols are more likely to be memorized in the individual stock picking world! I recall those evil days before moving to Vanguard.😁

You may (or may not) wanted to edit your message as you might receive additional and higher quality responses.

Hope you are well.
Tony
I doubt that having to deal with mutual fund ticker symbols explains why nobody has bothered to explain why the actively managed STAR Fund has outperformed the indexed LifeStrategy Moderate Growth Fund for the last 29 years.
😂
by abuss368
Fri Nov 10, 2023 5:45 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 5973
Views: 689814

Re: [What TV Show Have You Recently Watched?]

“Walker Texas Ranger”

When the eyes of the Ranger are upon you……😂

I love when Dave wears his 10 Gallon hat too!

Best.
Tony
by abuss368
Wed Nov 08, 2023 8:08 pm
Forum: Investing - Theory, News & General
Topic: International Exposure without International Funds: Which Domestic Fund?
Replies: 34
Views: 3382

Re: International Exposure without International Funds: Which Domestic Fund?

Jack Bogle said you don’t need international funds and with my investing experience back to the late 80s I am becoming more and more convinced he is right. International used to be 40% of my equity exposure and over time that has become 20%. This seems to have been exacerbated since the wide adoption of ETFs. From day to day the performance of US equities seems to drive the price of US based international ETFs seemingly without great regard to what international markets did overnight. Intellectually I’m drawn to modern portfolio theory but emotionally I’m pretty disappointed with international funds. I get there is some recency bias there since US has been top dog for some time now. I guess that realization keeps the 20% in the portfolio f...
by abuss368
Tue Nov 07, 2023 8:14 pm
Forum: Investing - Theory, News & General
Topic: International Exposure without International Funds: Which Domestic Fund?
Replies: 34
Views: 3382

Re: International Exposure without International Funds: Which Domestic Fund?

anon_investor wrote: Tue Nov 07, 2023 5:20 pm Any US total stock market or S&P 500 index mutual fund or ETF should be good enough. All widely available with low expense ratios.
Hi anon_investor -

Excellent advice for most investors. I am assuming you are still US and do not invest in international?

Best.
Tony
by abuss368
Tue Nov 07, 2023 8:12 pm
Forum: Investing - Theory, News & General
Topic: International (Non-US) versus US Equities (The "Arguments")
Replies: 5214
Views: 829749

Re: International (Non-US) versus US Equities (The "Arguments")

Lots of good arguments here. I have allocated meaningful % to INTL my entire investing career - but for me personally I just can't ignore the fact anymore that both the total return over the last 15 years has been awful AND dividend growth has been WAY behind the US. I'll use 2010 as a starting point with the logic that the GFC was sufficiently behind us then and my data source only goes back to 2007. VEU had a dividend of $1.019 in 2010 and the 2022 dividend was $1.564 for a total growth of 53% or annual growth of 3.6%. VTI had a dividend of $1.148 in 2010 and the 2022 dividend was 3.183 for a total growth of 177% or 8.9% annually. It's simply not true that the outperformance over that time period was only due "speculative" retu...
by abuss368
Mon Nov 06, 2023 7:01 pm
Forum: Personal Investments
Topic: Vanguard PAS vs VanguardRobo Advisor
Replies: 8
Views: 1494

Re: Vanguard PAS vs VanguardRobo Advisor

EMH3335 wrote: Sun Nov 05, 2023 3:25 pm I got an email from vanguard saying that in the new year those in PAS under $500k will be paying .3 of assets as well as a $75 per qtr fee. Since I have under $500k in assets and I’m in the 4-ETF’s recommended as a PAS member, do you guys recommend I go to Robo advisor until I reach $500k or more in assets? I have an IRA and a brokerage account.
Hi EMH3335 -

I would recommend you do what you feel most comfortable with and allows you to not stress and sleep well at night.

I have family who engaged Vanguard PAS a few yeas ago and could not be happier. When questions or concerns arise, Vanguard PAS has always scheduled time to review and discuss.

Everyone’s needs and concerns are different.

Best.
Tony
by abuss368
Sun Nov 05, 2023 6:19 pm
Forum: Investing - Theory, News & General
Topic: Charlie Munger vs Markowitz
Replies: 46
Views: 7500

Re: Charlie Munger vs Markowitz

Assume his comments are meant for a professional "know something" investor, with so much wealth they can afford to take a lot of concentration risk. Not for the average American, of modest means and with a day job, trying to scrape together enough assets to secure a comfortable retirement. Hi loukycpa - Excellent advice. While we often hold such investment experts in high regard, such as Warren Buffett, for example, we must realize these experts may not be well versed in individual portfolio construction. They are operating on an entirely different level. Best. Tony Tony where did you hear that from? :wink: Any moments of weakness the past few days? Dave Hi Dave - Advice and insight from the Founder and CEO of the Cayman Islands ...
by abuss368
Sun Nov 05, 2023 5:44 pm
Forum: Investing - Theory, News & General
Topic: Charlie Munger vs Markowitz
Replies: 46
Views: 7500

Re: Charlie Munger vs Markowitz

nyejos11 wrote: Sun Oct 22, 2023 8:25 am Could someone explain what Charlie Munger is talking about when he says that modern portfolio theory is nonsense? Is he saying that you are losing your opportunity cost by spreading your capital over thousands of companies and that a few winning companies will serve your investment dollars better? I’m not sure what he is saying.
Does Charlie Munger also recommend the S&P 500 only for most investors as Warren Buffett has?

Best.
Tony
by abuss368
Sun Nov 05, 2023 5:26 pm
Forum: Investing - Theory, News & General
Topic: International (Non-US) versus US Equities (The "Arguments")
Replies: 5214
Views: 829749

Re: International (Non-US) versus US Equities (The "Arguments")

I very much like your takeaway summary, as I think it's quite honest and right in line with what I've seen you post on this thread while also displaying that you have actually taken other viewpoints and information under consideration. You think what you think, but you're not a brick wall. I just want to address this bit if you don't mind: - The fact that the earnings dynamics (and btw also profitability) has been so much better in the US doens‘t seem to bother the pro ex-US crowd - which I find curious as that is something I would want to understand better before committing large %‘s to ex-US I will admit that I was a bit surprised when I did my whole "well, what about PEG, then?" thing earlier. I wasn't expecting it to come up ...
by abuss368
Sun Nov 05, 2023 5:03 pm
Forum: Investing - Theory, News & General
Topic: Charlie Munger vs Markowitz
Replies: 46
Views: 7500

Re: Charlie Munger vs Markowitz

nyejos11 wrote: Sun Oct 22, 2023 8:25 am Could someone explain what Charlie Munger is talking about when he says that modern portfolio theory is nonsense? Is he saying that you are losing your opportunity cost by spreading your capital over thousands of companies and that a few winning companies will serve your investment dollars better? I’m not sure what he is saying.
Hi nyejos11 -

I have watched clips on YouTube with Charlie Munger stating this. My takeaway is he does not beleive in diversification but rather a higher degree of portfolio concentration.

Best.
Tony