Search found 770 matches

by empb
Sun Dec 11, 2016 6:46 am
Forum: Investing - Theory, News & General
Topic: How to start a hedge fund
Replies: 23
Views: 2388

Re: How to start a hedge fund

:shock:

At the risk of sounding harsh... I've been reading posts on this forum for the better part of 8 years and this might be the most naive of them all.
by empb
Mon Nov 14, 2016 7:30 am
Forum: Personal Consumer Issues
Topic: How to give a young traveller in France some "walking-around money?"
Replies: 25
Views: 2703

Re: How to give a young traveller in France some "walking-around money?"

I've started using a new app/service called Revolut. Highly highly recommend it. m If you both have accounts, you can send her the funds, then she can swap for EUR at the Interbank rate via the app. They'll even send her a debit card if she asks for one. I believe there are some additional costs if ...
by empb
Fri Nov 04, 2016 10:14 am
Forum: Investing - Theory, News & General
Topic: Doubting Your Portfolio Tilts
Replies: 51
Views: 5551

Re: Doubting Your Portfolio Tilts

I think the OP presents a very good argument against tilting if you're not convinced. You'll be more likely to change your portfolio when small or value underperforms for a period of time. Rephrased that for you. Have you ever seen someone on this forum advocate tilting to an investor at risk of ca...
by empb
Fri Oct 21, 2016 11:06 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's New Book is Available Now!
Replies: 164
Views: 20969

Re: "Total Stock Market Is The Ultimate Multifactor Portfolio"

Taylor,

Is it your position that whether or not a fund has factor exposure is a matter of opinion?
by empb
Wed Oct 19, 2016 1:35 am
Forum: Personal Finance (Not Investing)
Topic: Kahneman's "Thinking, Fast and Slow" Is Out!
Replies: 23
Views: 4991

Re: Kahneman's "Thinking, Fast and Slow" Is Out!

I've just finished this and so will give this thread a well-deserved bump. My advice to anyone on the verge of starting this book: use a highlighter as a bookmark... Time very well spent. A Kahneman quote I read elsewhere that I didn't come across in the book: "We'd all be better investors if w...
by empb
Mon Jul 25, 2016 1:30 pm
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 82
Views: 11505

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

I bought QSPIX to the top end of my rebalancing band late last year but due to new contributions elsewhere, returns to the equity market etc., I'm basically at my target again.

Keen for a top-up, has anyone successfully bought QSPNX at Fidelity lately? I hold a micro-position in it at the moment.
by empb
Sun May 29, 2016 4:46 am
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this
Replies: 211
Views: 57030

Re: Re:

I hear it's amazing how much a small part-time job will do for you in situations like yours. Even $5000 a year is the equivalent of having an extra $125,000 in your portfolio, cash-flow-wise. Not talking CEO here, maybe small retail store, greeter, light maintenance, whatever. That is an amazing st...
by empb
Sat May 28, 2016 8:13 am
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this
Replies: 211
Views: 57030

Re:

I hear it's amazing how much a small part-time job will do for you in situations like yours. Even $5000 a year is the equivalent of having an extra $125,000 in your portfolio, cash-flow-wise. Not talking CEO here, maybe small retail store, greeter, light maintenance, whatever. That is an amazing st...
by empb
Sat May 21, 2016 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Glide Path: Do you have set allocation percentages planned out by year?
Replies: 23
Views: 1699

Re: Glide Path: Do you have set allocation percentages planned out by year?

I can understand your approach, but I haven't the slightest clue what our expenses will be in retirement 20 years hence, when we will probably not live within 1,000 miles of Ohio. (I want to move west, not to the coast, but somewhere in the inland west.) And our expenditures will depend greatly on ...
by empb
Sat May 21, 2016 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Glide Path: Do you have set allocation percentages planned out by year?
Replies: 23
Views: 1699

Re: Glide Path: Do you have set allocation percentages planned out by year?

60/40 at 15X 65/35 at 20X and so on.. KlangFool My only issue with this is the 'chunkiness' of the tranches. Admittedly, it really doesn't matter much but the market could have your portfolio oscillating between 19x and 20x expenses and constant 5% changes in asset allocation. As an alternative, I ...
by empb
Sat May 21, 2016 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Glide Path: Do you have set allocation percentages planned out by year?
Replies: 23
Views: 1699

Re: Glide Path: Do you have set allocation percentages planned out by year?

RadAudit wrote:
empb wrote:Below is a snip from my IPS for illustration.


I don't know if it is me or you - but when I click on the illustration I get some interesting ads for computer games along with it.

Here's a direct link: http://postimg.org/image/s5jqv9dz5/

Any better?
by empb
Sat May 21, 2016 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Glide Path: Do you have set allocation percentages planned out by year?
Replies: 23
Views: 1699

Re: Glide Path: Do you have set allocation percentages planned out by year?

I feel like I spam every one of these glide path threads.... In any case, no, I don't understand age-based plans. They're agnostic to two crucial pieces of information: how much money you spend (or intend to spend) and how much money you already have. I prefer to have a glide path dictated by proxim...
by empb
Thu Apr 21, 2016 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard versus David Swensen
Replies: 28
Views: 4547

Re: Vanguard versus David Swenson

Why do you think they are at odds?

The issue is that your portfolio has been built with complete disregard for tax-efficiency, i.e., the way Swensen wrote the book.
by empb
Wed Apr 13, 2016 5:40 am
Forum: Investing - Theory, News & General
Topic: DCA considerations
Replies: 56
Views: 4850

Re: DCA considerations

It's difficult to take seriously the notion that DCA is a form of market timing. DCA is as much market timing as investing in an index fund is individual stock picking! The true intent of DCA is the worthy goal of reducing risk through diversification . Dollar cost averaging is purchase price diver...
by empb
Mon Apr 11, 2016 11:02 am
Forum: Personal Consumer Issues
Topic: Looking to buy a decent Windows laptop ...
Replies: 17
Views: 2541

Re: Looking to buy a decent Windows laptop ...

Have you considered Asus? I bought the 'ASUS Zenbook UX305UA 13.3-Inch Laptop' from Amazon a few months ago. Very happy with it, seems to fit your specs.
by empb
Fri Feb 05, 2016 9:51 am
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 181
Views: 28017

Re: QSPIX Nightmare - Closed Off to Retail Investors

Here is an example of the message that I'm now seeing in my Scottrade account for AQR funds: QSPIX is an Advisor Class fund, which is available to investors who are working with a Scottrade® Advisor Services Registered Investment Advisor. I also recently opened a few small positions in a few of the...
by empb
Thu Jan 28, 2016 2:36 am
Forum: Investing - Help with Personal Investments
Topic: How to implement a glide path
Replies: 38
Views: 3604

Re: How to implement a glide path

I think the idea of doing it based on assets and expenses like KlangFool says rather than a fixed target date is an interesting one, but the way it would change in response to market volatility scares me a bit. This is the most appealing feature of the asset-based approach in my opinion. The age-ba...
by empb
Wed Jan 27, 2016 10:41 am
Forum: Investing - Help with Personal Investments
Topic: How to implement a glide path
Replies: 38
Views: 3604

Re: How to implement a glide path

I think the idea of doing it based on assets and expenses like KlangFool says rather than a fixed target date is an interesting one, but the way it would change in response to market volatility scares me a bit. This is the most appealing feature of the asset-based approach in my opinion. The age-ba...
by empb
Wed Jan 27, 2016 5:42 am
Forum: Investing - Help with Personal Investments
Topic: How to implement a glide path
Replies: 38
Views: 3604

Re: How to implement a glide path

I don't like these options. They have nothing to do with how close or how far you are from your goal. What if the market gave you 34% returns for the next 10 years and you had enough to retire at 50? You'd still plod along towards 50/50 at age 65? https://www.bogleheads.org/forum/viewtopic.php?f=1&a...
by empb
Thu Jan 14, 2016 5:47 am
Forum: Investing - Theory, News & General
Topic: XIRR vs. Modified Deitz for Return Calculations
Replies: 4
Views: 2806

Re: XIRR vs. Modified Deitz for Return Calculations

Bringing this one back from the grave and looking for another set of eyes... I've calculated my XIRR and Dietz returns, annually and overall, since 2009. I'm comfortable the annual returns and the overall XIRR are calculated accurately. However, the overall Dietz return (calculated as per: m) and th...
by empb
Fri Jan 08, 2016 7:12 am
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 82
Views: 11505

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

For those of you at Scottrade who already own QSPIX, are you still planning to add a little QSPNX before the deadline? Is that just because QSPIX is more likely to be closed to additional contributions for existing participants in the future? I own QSPIX and $100 QSPNX in each of two accounts. The ...
by empb
Thu Dec 24, 2015 3:34 am
Forum: Personal Finance (Not Investing)
Topic: Selling house - am I legally or ethically obligated to disclose this?
Replies: 50
Views: 7465

Re: Selling house - am I legally or ethically obligated to disclose this?

I wouldn't disclose it. Out of interest, how did you capture the bat?
by empb
Fri Dec 11, 2015 12:29 pm
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 181
Views: 28017

Re: QSPIX Nightmare - Closed Off to Retail Investors

mickens16 wrote:For the folks who transferred their IRA's to Scottrade, how easy was the process.

Same as everywhere else. All done online. Took 4-5 business days.
by empb
Thu Dec 10, 2015 8:46 am
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 181
Views: 28017

Re: QSPIX Nightmare - Closed Off to Retail Investors

zaboomafoozarg wrote:Is the fee $17 for Scottrade or $50 for Fidelity?

Your phrasing of the question makes me think I'm misunderstanding it. However, the answer is both.
by empb
Thu Dec 10, 2015 4:25 am
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 181
Views: 28017

Re: QSPIX Nightmare - Closed Off to Retail Investors

When you all speak of picking up a token amount of the fund in a scottrade IRA-- do you mean i can buy literally as little as $100 worth of the fund and have access to investing in the future after it is closed? Does that make it a no-brainer for someone who has no IRA space at the moment but expec...
by empb
Thu Dec 10, 2015 1:39 am
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 181
Views: 28017

Re: QSPIX Nightmare - Closed Off to Retail Investors

I must apologize if I caused any anxiety! It does seem my issues were account specific. To save anyone making the mistake I did...if you're moving accounts to Scottrade, be sure to enter a valid phone number in your contact information. They'll open the account without it, but you're liquidate-only ...
by empb
Tue Dec 08, 2015 2:43 am
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 181
Views: 28017

Re: QSPIX Nightmare - Closed Off to Retail Investors

FWIW, Scottrade claims there was some restriction on my account due to contact details. Bizarre considering they happily let me sell positions. Whether this is just a customer service guy not knowing what he was taking about, I don't know. The orders were status 'received' by Scottrade and then, acc...
by empb
Fri Dec 04, 2015 1:10 pm
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 181
Views: 28017

Re: QSPIX Nightmare - Closed Off to Retail Investors

Slick8503 wrote:FWIW, I called Scottrade and they confirmed QSPIX is still available in increments of $100 for $17 per trade.

They confirmed the same to me via email recently. However, it's not true.
by empb
Fri Dec 04, 2015 11:32 am
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 82
Views: 11505

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

So if I did want to invest in QSPNX, I'd need to start a Scottrade account (probably Roth IRA) and buy some QSPNX by 2016-01-29? As I mentioned in the 'Nightmare' thread, I've just had orders for both QSPIX (I'm a shareholder) and QSPNX (I'm not a shareholder) rejected at Scottrade. Has anyone rece...
by empb
Fri Dec 04, 2015 10:14 am
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 181
Views: 28017

Re: QSPIX Nightmare - Closed Off to Retail Investors

As an update to this thread, I've just had two buy orders for QSPIX rejected by Scottrade. Has anyone bought this anywhere in the last week or so?

EDIT: QSPNX has been rejected too. Well, this is annoying!
by empb
Thu Nov 26, 2015 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Opinions on ALT portfolio
Replies: 13
Views: 1339

Re: Opinions on ALT portfolio

What happened to the $400k you put in QSPIX?
by empb
Tue Nov 10, 2015 9:13 am
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 181
Views: 28017

Re: QSPIX Nightmare - Closed Off to Retail Investors

Having not seen any posts on people actually accessing QSPIX at Scottrade, I'm moving my Roth from Fidelity to maintain access to QSPIX. I'll post if there's any problems. Why not just buy QSPNX thru Fidelity instead? A 25 bps increase in expense ratio would be significantly higher than a $17 trans...
by empb
Mon Nov 09, 2015 10:29 am
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 181
Views: 28017

Re: QSPIX Nightmare - Closed Off to Retail Investors

Having not seen any posts on people actually accessing QSPIX at Scottrade, I'm moving my Roth from Fidelity to maintain access to QSPIX. I'll post if there's any problems. Why not just buy QSPNX thru Fidelity instead? A 25 bps increase in expense ratio would be significantly higher than a $17 trans...
by empb
Mon Nov 09, 2015 7:08 am
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 181
Views: 28017

Re: QSPIX Nightmare - Closed Off to Retail Investors

Here's a message from Scottrade confirming the availability. Taking that with a grain of salt! Dear Valued Investor: Thank you for contacting us. I can confirm that this fund is available at Scottrade for all investors. Transactions fees would be applied to this account. There is a $17 transaction f...
by empb
Sun Nov 08, 2015 12:24 pm
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 181
Views: 28017

Re: QSPIX Nightmare - Closed Off to Retail Investors

Someone pointed out a while ago in the QSPIX thread that AQR funds are available at Scottrade. That appears to be true. The transaction fee is only $17 for I share classes with a $100 minimum. http://i58.tinypic.com/2r7u4d2.png Having not seen any posts on people actually accessing QSPIX at Scottra...
by empb
Thu Oct 08, 2015 3:03 am
Forum: Investing - Theory, News & General
Topic: Equity Glide Paths — Bogleheads versus Target Funds
Replies: 42
Views: 3717

Re: Equity Glide Paths — Bogleheads versus Target Funds

I believe a more useful study is equity allocation versus progress towards one's 'number'.
by empb
Sun Aug 30, 2015 12:19 pm
Forum: Investing - Theory, News & General
Topic: 100% Equities?
Replies: 86
Views: 8123

Re: 100% Equities?

Hi empb, I like your approach of taking it one step further and basing it on an adjustable target. This target could be derived from a conservative estimate of future income with a conservative estimate of market returns. (A person with only $500k future income 20 years out and $0 net worth can't r...
by empb
Sun Aug 30, 2015 6:54 am
Forum: Investing - Theory, News & General
Topic: 100% Equities?
Replies: 86
Views: 8123

Re: 100% Equities?

Does anyone here do $-based AA instead of %-based AA? I don't think basing your AA on how much of your lifetime's projected earnings you've banked so far is particularly useful. What if the money never shows up? I'd argue the relevant questions are: 1) What is my 'number'? i.e., multiply spending b...
by empb
Sun Aug 30, 2015 5:44 am
Forum: Investing - Theory, News & General
Topic: Aug 2015 correction: what Bogleheads did...
Replies: 143
Views: 12655

Re: Aug 2015 correction: what Bogleheads did...

I TLHed and added some new cash this past Friday. In other words, business as usual. On Monday, as I recall, VBR was down 7-9% while, at the same time, IJS was down 25%+. Having overlooked some shares of SHY (short-term treasuries) in my taxable account (about 5% of portfolio), I thought I'd no cash...
by empb
Mon May 18, 2015 5:00 am
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 155
Views: 40008

Re: Time to reach 1M and 2M milestones

Getting to the first million means you can live on your own terms, you are not tethered to a job. With a 4% withdrawal rate, you should be able to support a reasonable middle class life on $40K/year (maybe not in SF/NYC, but true in most of the world). Beyond that point, there are diminishing retur...
by empb
Sat Apr 25, 2015 2:00 am
Forum: Investing - Help with Personal Investments
Topic: AA when you don't know what age you'll retire?
Replies: 19
Views: 2125

Re: AA when you don't know what age you'll retire?

This is exactly the kind of thing I was looking for in this thread. Thank you for this, I love this approach. This is the only glide path policy that made sense to me. The time/age based method seemed largely arbitrary. What change has your financial picture undergone just because January 1 (or you...
by empb
Fri Apr 24, 2015 10:56 am
Forum: Investing - Help with Personal Investments
Topic: AA when you don't know what age you'll retire?
Replies: 19
Views: 2125

Re: AA when you don't know what age you'll retire?

One solution is to base your glide path not on age but on progress towards your target net worth . This should be an easier number to identify. Google the thread on 'Progressive Glide Path'. Decide: 1) your minimum bond % 2) your maximum bond % 3) the net worth level at which you'll start your glide...
by empb
Tue Mar 03, 2015 7:23 am
Forum: Investing - Theory, News & General
Topic: What's your average ER? [Expense Ratio]
Replies: 123
Views: 13703

Re: What's your average ER? [Expense Ratio]

0.43%. Extortion!
by empb
Wed Feb 25, 2015 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 77
Views: 23204

Re: Is the first 100k really the hardest?

The first $100k, through brute force savings, is obviously difficult at a time you're likely not making much money. Poking through my MoneyDance file, it seemingly took me quite a long time, even though I'd have guessed it took half that long. $100k: June 2007 (when I started working) to January 201...
by empb
Tue Feb 17, 2015 5:58 am
Forum: Investing - Theory, News & General
Topic: Best Small Cap Value Funds (Poll)
Replies: 31
Views: 6939

Re: Best Small Cap Value Funds (Poll)

Upon initial impression, IEIS looks really good. Much smaller and valuey-er than DLS or PDN. Not sure what the alpha situation is though. For a tax-advantaged account, this could be the best option. Otherwise, it's far too small (in terms of AUM) to risk in a taxable account.
by empb
Fri Feb 06, 2015 3:20 pm
Forum: Investing - Theory, News & General
Topic: Best Small Cap Value Funds
Replies: 44
Views: 7528

Re: Best Small Cap Value Funds

My portfolio would probably considered reckless by most here... so I'd take my recommendations lightly. us: PXSV/VBR eafe: DLS/PDN em: DGS/EWX PXSV is a clear preference. DLS/PDN largely a wash; Portfolio Visualizer suggests similar expected returns. I struggle with DGS/EWX a bit. EWX is much smalle...
by empb
Sun Jan 04, 2015 7:01 am
Forum: Investing - Help with Personal Investments
Topic: The riskiest (Bogleheads) portfolio you can think of
Replies: 15
Views: 2073

Re: The riskiest (Bogleheads) portfolio you can think of

Probably some combination of RZV/DLS/DGS.
by empb
Mon Dec 29, 2014 4:07 am
Forum: Investing - Theory, News & General
Topic: Vertex42 Excel Stock Quote Template stop working
Replies: 39
Views: 6336

Re: Vertex42 Excel Stock Quote Template stop working

It is on the ribbon in Office 2010 (and works great). Did have a little trouble loading the add-in. Is he Excel 32 vs 64 bit an Office 2013 "feature"? The 64 bit would not load but 32 bit is working well I'm also stuck. It worked great this morning, now I go back into Excel and there's no...
by empb
Tue Dec 23, 2014 11:45 am
Forum: Investing - Theory, News & General
Topic: Vertex42 Excel Stock Quote Template stop working
Replies: 39
Views: 6336

Re: Vertex42 Excel Stock Quote Template stop working

Also have the same problem retrieving MS Stock quotes (as of roughly 11:00 am yesterday). Does the PSQ function work in Office 2010? (or just the 2013 version per the doc) I tried it in Excel 2007 and it was able to retrieve the quotes. I am still trying to figure out how to "refresh" the...