Search found 6565 matches

by baw703916
Mon Jan 22, 2018 1:32 am
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 74
Views: 15351

Re: anguard opens special offices for $1 million clients

Interesting... Although personally, I've never even called Vanguard on the phone. Everything has been accomplished online or in the mail. Unless they're going to offer a place where I can make cash deposits, medallion signature guarantees on securities, or free coffee/pastries while I chat with a r...
by baw703916
Sun Jan 21, 2018 4:54 pm
Forum: Investing - Theory, News & General
Topic: "Why You Should Probably Just Give Up Trying To Beat The Stock Market"
Replies: 19
Views: 2787

Re: "Why You Should Probably Just Give Up Trying To Beat The Stock Market"

Dottie57 wrote:
Sun Jan 21, 2018 10:43 am
Me too. It was a family ritual to watch the show. I never really understood what he said and the market remained magical.
Where are the elves' yachts? :twisted:
by baw703916
Sun Jan 21, 2018 3:20 am
Forum: Investing - Theory, News & General
Topic: "The Pain of Discipline or the Pain of Regret?"
Replies: 10
Views: 1408

Re: "The Pain of Discipline or the Pain of Regret?"

2008 was a financial panic, but not an unprecedented one, and putting things in perspective a little bit made things pretty easy to deal with. Better man then me. I found it extremely stressful, but since I was young (still think I am) I knew it didn't matter in the long run. I would say those that...
by baw703916
Sat Jan 20, 2018 10:49 pm
Forum: Investing - Theory, News & General
Topic: "Why You Should Probably Just Give Up Trying To Beat The Stock Market"
Replies: 19
Views: 2787

Re: "Why You Should Probably Just Give Up Trying To Beat The Stock Market"

My problem with this article is it doesn't differentiate between active and passive strategies--it just says "mutual funds". I mean, Vanguard's TSM is a mutual fund. And, because it should closely mirror the performance of the market every year, while most funds will lag due to expenses, I'd expect ...
by baw703916
Sat Jan 20, 2018 8:34 pm
Forum: Investing - Theory, News & General
Topic: "The Pain of Discipline or the Pain of Regret?"
Replies: 10
Views: 1408

Re: "The Pain of Discipline or the Pain of Regret?"

Sometimes I wonder if these people are living on a different planet. 2008-09, 2011, and 15-16 weren't that emotionally stressful. Bogleheads and EMH provided me with a framework for putting things in context. 2008 was a financial panic, but not an unprecedented one, and putting things in perspective...
by baw703916
Tue Dec 12, 2017 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice: Total market vs Larry Portfolio
Replies: 44
Views: 4065

Re: Oldest Multi-Factor Fund

The oldest multi-factor fund of which I am aware is PNC Multi-Factor Small-Cap Value C (PSVCX). According to Morningstar, its annualized 15-year return was 7.32%. During the same period, The S&P 500 Index return was 9.72% (with lower Standard Deviation). Taylor, I really don't think that's a fair c...
by baw703916
Sat Dec 02, 2017 7:38 pm
Forum: Investing - Theory, News & General
Topic: What did you do right?
Replies: 96
Views: 9746

Re: What did you do right?

I never bought a $5000 watch, in spite of the extreme peer pressure. ;)
by baw703916
Thu Nov 30, 2017 10:27 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 207
Views: 22822

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

VictoriaF wrote:
Thu Nov 30, 2017 10:15 pm
Bitcoin is a ledger that contains a record of all transactions since its inception.

Victoria
Which makes it a little puzzling why hackers would demand payment for ransomeware in bitcoins. It's kind of like bank robbers stealing a bunch of marked bills.
by baw703916
Thu Nov 30, 2017 12:15 am
Forum: Investing - Theory, News & General
Topic: What did you do right?
Replies: 96
Views: 9746

Re: What did you do right?

It seems that on this thread, something like half of the replies make reference to "marry the right person". So how is this actually implemented? Is there an equivalent of John Bogle to make everything simple, or is it just dumb luck? Seems a lot more complicated than just calling up Vanguard, takin...
by baw703916
Wed Nov 22, 2017 1:08 pm
Forum: Investing - Theory, News & General
Topic: Minimizing capital gains assuming FIFO basis
Replies: 26
Views: 2115

Re: Minimizing capital gains assuming FIFO basis

You could quickly complete your non-FIFO tax loss harvesting now, before you have to make that "assumption". Folks should complete their tax-loss harvesting each year anyways. Indeed, with prices where they are today, there should be no tax-loss harvesting opportunities at the present time. That is...
by baw703916
Wed Nov 22, 2017 12:57 pm
Forum: Investing - Theory, News & General
Topic: Minimizing capital gains assuming FIFO basis
Replies: 26
Views: 2115

Re: Minimizing capital gains assuming FIFO basis

Thanks for the link Doc. And thanks to everyone for the thoughts given so far.
by baw703916
Tue Nov 21, 2017 10:48 pm
Forum: Investing - Theory, News & General
Topic: Minimizing capital gains assuming FIFO basis
Replies: 26
Views: 2115

Re: Minimizing capital gains assuming FIFO basis

For DCA during an investors accumulation phase, what would be your fund rotation strategy? I could envision things like the following: Option #1: rotate between different similar funds for each scheduled purchase Option #2: stick to one fund for a period if time (e.g for a year), then start using t...
by baw703916
Tue Nov 21, 2017 10:26 pm
Forum: Investing - Theory, News & General
Topic: Minimizing capital gains assuming FIFO basis
Replies: 26
Views: 2115

Re: Minimizing capital gains assuming FIFO basis

One is using FIFO, not average cost. :) To me First-In, First-out identifies the shares sold and NOT the Cost Basis Method. For mutual fund (but not stocks and not ETFs), the First-In shares could have a cost basis method of Average Cost or Actual Cost. Stocks and ETFs must use Actual Cost no matte...
by baw703916
Tue Nov 21, 2017 9:42 pm
Forum: Investing - Theory, News & General
Topic: Minimizing capital gains assuming FIFO basis
Replies: 26
Views: 2115

Re: Minimizing capital gains assuming FIFO basis

livesoft wrote:
Tue Nov 21, 2017 9:36 pm
If one is using Average Cost and has purchased shares recently at a higher price than the First In shares, then that will help minimize capital gains. Otherwise, sell fewer shares which will also minimize capital gains.
One is using FIFO, not average cost. :)
by baw703916
Tue Nov 21, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 156
Views: 12357

Re: Help DW gets fired, but then next day her boss offers her job back

I'd say offer to come back but no reduction in pay.

If they can't accommodate that, too bad! :twisted:

Look for another job in any event.
by baw703916
Tue Nov 21, 2017 9:22 pm
Forum: Investing - Theory, News & General
Topic: Minimizing capital gains assuming FIFO basis
Replies: 26
Views: 2115

Minimizing capital gains assuming FIFO basis

If one is using FIFO cost basis, what is the best way to minimize capital gains in taxable accounts (e.g. if rebalancing)? Please don't ask why the question assumes FIFO. Just assume it does. It seems to me that one would want to own several similar funds (e.g. Vanguard 500 index, Vanguard Large Cap...
by baw703916
Tue Nov 21, 2017 9:10 pm
Forum: Investing - Theory, News & General
Topic: "Got $1 million to retire? Here’s how long it will last, by U.S. state"
Replies: 50
Views: 10823

Re: "Got $1 million to retire? Here’s how long it will last, by U.S. state"

VictoriaF wrote:
Tue Nov 21, 2017 9:01 pm
I like the picture of retired people in the beginning of the article!

Victoria
Will $1 million buy you a Wayback Machine to the 1950s? :D
by baw703916
Mon Nov 20, 2017 11:42 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Managing Risk With Factors
Replies: 121
Views: 10152

Re: Larry Swedroe: Managing Risk With Factors

I think the statement that factor investing is expensive is a red herring. Like everything, it depends how it's implemented. TSM has an expense ratio of 0.04% Small Value index has an ER of 0.07% Total International has an ER of 0.11%. FTSE Smallcap has an ER of 0.13% So the difference is all of 2-3...
by baw703916
Tue Nov 14, 2017 8:20 pm
Forum: Investing - Theory, News & General
Topic: Uh-oh, small passive won't work
Replies: 4
Views: 1149

Re: Uh-oh, small passive won't work

If a company isn't publicly traded then active funds can't buy it either.

Now maybe that could be an argument for investing in private equity...but that's beyond the scope of this thread.
by baw703916
Sun Nov 12, 2017 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Buying bitcoin / Cryptocurrency to market cap (.3%)
Replies: 42
Views: 3846

Re: Buying bitcoin / Cryptocurrency to market cap (.3%)

Valuethinker wrote:
Sun Nov 12, 2017 5:13 pm
The time to buy this was *not* when, on the London Tube, you see adds for Contracts for Different (CFDs) on cybercurrencies.
But it worked so well for dotcoms in 1999 and CDOs in 2007! :P
by baw703916
Mon Nov 06, 2017 11:36 pm
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 9853

Re: "$1 Million is Closer Than You Think"

I liked the descriptions of the various probabilities of getting to $1 million!

"Those are the odds that a celebrity marriage will last a lifetime" really does motivate you to boost your savings rate!

:)
by baw703916
Sat Nov 04, 2017 11:19 pm
Forum: Investing - Theory, News & General
Topic: Dividends better than buybacks in retirement accounts
Replies: 32
Views: 2575

Re: Dividends better than buybacks in retirement accounts

If Dell hadn't done the buybacks, they might have gone private at $8 a share! :)
by baw703916
Sat Nov 04, 2017 11:15 pm
Forum: Investing - Theory, News & General
Topic: "What's Your Uncertainty/Humility Score?"
Replies: 17
Views: 2626

Re: "What's Your Uncertainty/Humility Score?"

With all due respect to Ms. Benz and the other Bogleheads who have posted on this thread, I think the wording of "uncertainty/humility score" kind of misframes the question. There are some things I don't know, and that I'm 100% certain I don't know: -what the return of stock and bonds will be over t...
by baw703916
Thu Nov 02, 2017 12:40 pm
Forum: Personal Consumer Issues
Topic: Warning Buffet Indicator?!?
Replies: 31
Views: 2730

Re: Warning Buffet Indicator?!?

livesoft wrote:
Wed Nov 01, 2017 9:28 am
I know of cafeterias, Indian, Middle-eastern, Mexican, Chinese, and barbecue buffet places.
It looks like U.S. Buffets get at least 50% of their menu options from other countries. So I'm thinking I don't need international diversification in my culinary portfolio...
by baw703916
Tue Oct 31, 2017 11:31 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 9366

Re: Buffet "Key Indicator" near dangerous all-time high...

We keep hearing that we don't need no stinkin' foreign stocks because the S&P 500 companies get half of their revenue from international operations. So why not just divide by two and then the valuation is 67% of US GDP, and a bargain! :D Yeah. Exactly this. I tried to say the same (sorta) thing, bu...
by baw703916
Tue Oct 31, 2017 5:35 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 9366

Re: Buffet "Key Indicator" near dangerous all-time high...

We keep hearing that we don't need no stinkin' foreign stocks because the S&P 500 companies get half of their revenue from international operations. So why not just divide by two and then the valuation is 67% of US GDP, and a bargain! :D
by baw703916
Sun Oct 22, 2017 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: TSP advice sought
Replies: 20
Views: 1849

Re: TSP advice sought

Please transmit my thanks to your son for his service. I served from 2007 to 2014 as a Navy Surface Warfare Officer, so I'm familiar with the struggle. I agree with those above saying to go Roth for both TSP and IRA. Better to be taxed on the initial contribution than what's taken out, especially a...
by baw703916
Sat Oct 14, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 6451

Re: Help me understand what happens with the new law and ACA subsidies

I searched high and low and every media outlet is saying everyone in ACA is screwed. Seems the real news is right here at Bogleheads.org... Nobody is saying we would get a better deal with the subsidies based on Silver Plans going up, not even the politicians grasp the facts I read in the post pape...
by baw703916
Fri Oct 13, 2017 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 6451

Re: Help me understand what happen with the new law and ACA subsidies

Actionable items: Get a job with group insurance Marry someone with group insurance Houston, we may have a problem. (1) I may be too old to get a job, but too young to be on Medicare. (2) I can't find someone with group insurance to marry. Actionable alternative three: If you are too young for Medi...
by baw703916
Sat Oct 07, 2017 3:14 pm
Forum: Investing - Theory, News & General
Topic: Our most important decision in one minute
Replies: 4
Views: 1473

Re: Our most important decision in one minute

Hi Taylor,

It looks like you may have accidentally started two threads with (almost) identical title. :)

Best wishes,
Brad
by baw703916
Sat Oct 07, 2017 3:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 7814

Re: Vanguard's long-term outlook for TIPS

TIPS are less risky than nominal Treasuries of the same duration: specifically, they avoid inflation risk. So according to MPT, the market should price them to have a lower expected return in the long run. So investing in TIPS, all else being equal, is likely to decrease your portfolio value down th...
by baw703916
Sat Sep 23, 2017 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Just Need Encouragement to Stick with TSP G Fund over F Fund
Replies: 14
Views: 1222

Re: Just Need Encouragement to Stick with TSP G Fund over F Fund

The reason that Bogleheads like the TBM fund is that most of them don't have TSP accounts and they can't invest in the G Fund. :) More seriously, the reason the F fund/TBM has better performance in backtesting is that interest rates have been generally falling for many years. That benefits the F fun...
by baw703916
Sat Sep 23, 2017 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Is it a good time to buy Apple Stock on 9/23?
Replies: 18
Views: 2087

Re: Is it a good time to buy Apple Stock on 9/23?

9/23 isn't a good time to buy. For one thing, the market's closed.

But if you buy TSM, you will have made a bigger investment in Apple than in any other company...
by baw703916
Sat Sep 23, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Executor died, as beneficiary can I become executor?
Replies: 9
Views: 1249

Re: Executor died, as beneficiary can I become executor?

It depends on state law, and getting an attorney to help you through the process is something I'd recommend. I ended up being the administrator of my grandmother's estate (administrator meaning I wasn't named as executor in the will). The first person named as executor predeceased my grandmother, an...
by baw703916
Sun Sep 17, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare patients pay FAR MORE at 1300 rural Critical Access Hospitals
Replies: 55
Views: 4041

Re: Medicare patients pay FAR MORE at 1300 rural Critical Access Hospitals

Why would you get a colonoscopy at a hospital? That makes it more expensive than it needs to be, so the patient should pay those excessive charges. We get colonoscopies at the clinic part of our medical group. We are in and out in about 2 hours and it doesn't cost us anything. Medicare pays for all...
by baw703916
Sat Sep 16, 2017 8:21 pm
Forum: Investing - Theory, News & General
Topic: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg
Replies: 94
Views: 13086

Re: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg

After expense performance is all that matters - I'd give my whole portfolio over to Renaissance Technologies and pay their 5% management and 44% performance fees if I could. However, you can only do so IRL if you work for them. And then, both your employment and your portfolio returns depend on RT ...
by baw703916
Fri Sep 15, 2017 10:49 pm
Forum: Investing - Theory, News & General
Topic: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg
Replies: 94
Views: 13086

Re: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg

Hedge funds might have a place in a portfolio if you could find a good one whose manager charged five basis points. Seides is right that a large factor in his loss is that the E/R's are just too darn high!
by baw703916
Thu Sep 07, 2017 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 54422

Re: Equifax customer information leak

VictoriaF wrote:
Thu Sep 07, 2017 6:29 pm
One of Brian's commenters has posted a link to a Bloomberg article Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed. This can get really ugly.

Victoria
Yeah, I noticed that article. (sigh)
by baw703916
Wed Sep 06, 2017 7:07 pm
Forum: Investing - Theory, News & General
Topic: The Emerging Markets "lost decade" is over
Replies: 52
Views: 6624

Re: The Emerging Markets "lost decade" is over

Well good, because I have been waiting... EM was a great diversifier in the early to mid-2000's and really help cushion the blow of the tech crash. And it's been a great diversifier this decade as well. Just think, if you'd been 100% invested in U.S. stocks, your portfolio value might be so inflate...
by baw703916
Sat Sep 02, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Christine Benz: "75 Must-Know Statistics About Long-Term Care"
Replies: 24
Views: 4063

Re: Christine Benz: "75 Must-Know Statistics About Long-Term Care"

In thinking about it a little more, I'm wondering if the median assets of $0 after 6 years is partly a consequence of the Medicaid planning industry--since the lookback period is 5 years.
by baw703916
Fri Sep 01, 2017 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Christine Benz: "75 Must-Know Statistics About Long-Term Care"
Replies: 24
Views: 4063

Re: Christine Benz: "75 Must-Know Statistics About Long-Term Care"

With statistics like this, why do so many Bogleheads frown on LTC insurance? The problem is most policies being sold today don't cover the tail risk. They only cover 5 years of LTC or so. A good Boglehead should be able to afford 5 years, if that's the worst outcome. The article says that the media...
by baw703916
Fri Aug 25, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 Tax Bill Letter - Please Help
Replies: 32
Views: 2395

Re: IRS CP2000 Tax Bill Letter - Please Help

So hypothetically, if you did have taxes withheld on the original amount when converting to a Roth, wouldn't you owe an early withdrawal penalty because you didn't roll all of it over into the Roth account (unless you were 59.5 years old)?
by baw703916
Wed Aug 09, 2017 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Can you switch to Obama care in the middle of cobra period
Replies: 11
Views: 1461

Re: Can you switch to Obama care in the middle of cobra period

I'm a little confused. The qualifying event test only applies for enrolling in an ACA plan outside of the open enrollment period. During an open enrollment period, you can sign up for an ACA plan regardless of whether a qualifying event has occurred. Exhausting one's COBRA eligibility (at the end of...
by baw703916
Mon Aug 07, 2017 8:03 pm
Forum: Investing - Theory, News & General
Topic: Switching to Fidelity's new Total International Index (includes small cap!)
Replies: 91
Views: 19024

Re: Switching to Fidelity's new Total International Index (includes small cap!)

I just decided to check how the Fidelity fund has been performing compared to Vanguard's Total International. Over the last 6 and 12 months, the two are extremely similar. One wouldn't expect them to be identical as they track different indices. While Vanguard's fund has generally done better, you c...
by baw703916
Sat Aug 05, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 225
Views: 37248

Re: What's the ideal safe retirement net worth target?

Vallejo is definitely on my radar, though most of the people I know in the Bay live much closer in and interact more because of that. What's weird is that I think everyone (friends who rent and myself as well) knows this is a temporary game - eventually, we/they will have to move out if we/they don...
by baw703916
Sat Aug 05, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Can you switch to Obama care in the middle of cobra period
Replies: 11
Views: 1461

Re: Can you swith to Obama care in the middle of cobra period

Yes, I did it. It's probably more straightforward to enroll in an ACA plan during the open enrollment period anyway. Obviously that won't necessarily coincide with the end of the 18 months of COBRA. I would advise waiting until you've heard that the ACA enrollment has been processed and received an ...
by baw703916
Fri Aug 04, 2017 1:00 am
Forum: Investing - Theory, News & General
Topic: Paul Singer Says Passive Investing Is ‘Devouring Capitalism’
Replies: 24
Views: 3121

Paul Singer Says Passive Investing Is ‘Devouring Capitalism’

Another hedge fund manager complaining about how passive investing is about to destroy everything he holds dear (his fee structure!) https://www.bloomberg.com/news/articles/2017-08-03/singer-s-elliott-hedge-fund-returns-3-5-in-the-first-half What may have been a clever idea in its infancy has grown ...
by baw703916
Sat Jul 29, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: How do you reinvest dividends in a mutual fund at E*Trade?
Replies: 19
Views: 2056

Re: How do you reinvest dividends in a mutual fund at E*Trade?

1. click "customer service" (upper right hand corner of screen). 2. on customer service screen, click on "self service" tab, second from left. 3. scroll down to "reinvest your dividends" (DRIP), and click. 4. it will prompt you for which account and holding you want to reinvest/stop reinvesting divi...
by baw703916
Thu Jul 27, 2017 7:42 pm
Forum: Investing - Theory, News & General
Topic: Int'l Small-Caps: Active VINEX vs passive VSS/VFSVX?
Replies: 29
Views: 3579

Re: Int'l Small-Caps: Active VINEX vs passive VSS/VFSVX?

I'd favor restricting the comparison to the period beginning in April 2009, when Small FTSE had live returns (and VINEX was a Vanguard fund and had a similar management approach to what it does today).