Search found 6573 matches

by baw703916
Sat Feb 17, 2018 12:11 am
Forum: Personal Consumer Issues
Topic: Mixing fuel octanes for cars
Replies: 39
Views: 2304

Re: Mixing fuel octanes for cars

1. Going beyond the octane requirements of your engine doesn't convey any additional benefit. Going below the requirements isn't recommended! 2. The way that the octane rating is defined means that the octane value of a mixture of fuels is just the weighted average (what an octane rating of X means ...
by baw703916
Tue Feb 13, 2018 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Deciding Between Treasuries and Munis in Taxable
Replies: 15
Views: 1160

Re: Deciding Between Treasuries and Munis in Taxable

Are there any other reasons why having an increased AGI (due to the interest on the Treasuries) might be undesirable? For example, not being able to make a Roth contribution. That's one thing that isn't accounted for in the equivalent yields math.
by baw703916
Thu Feb 08, 2018 11:41 pm
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 13144

Re: "The stock market is officially in a correction... here's what usually happens next"

What usually happens next is a lot of hyperventilating. Even on this board, though to a lesser extent.
by baw703916
Thu Feb 08, 2018 8:17 pm
Forum: Investing - Theory, News & General
Topic: Thrift Savings Plan to Change I Fund Index
Replies: 14
Views: 2327

Re: Thrift Savings Plan to Change I Fund Index

I'd somehow missed this when it was first posted.

Great news! Good job, FRTIB. :happy
by baw703916
Wed Feb 07, 2018 10:57 pm
Forum: Investing - Theory, News & General
Topic: Spread between taxable and tax-exempt bond yields returning to normal
Replies: 1
Views: 339

Spread between taxable and tax-exempt bond yields returning to normal

Something interesting is happening in bond yields: after about a decade, the relative yields between tax-exempt and taxable bonds are returning to normal. Normally, one would expect that tax-exempt bonds would have lower yields than taxable ones, all else being equal, due to the tax benefit. This is...
by baw703916
Sat Jan 27, 2018 12:14 am
Forum: Investing - Theory, News & General
Topic: Do Alpha Males Deliver Alpha? Testosterone and Hedge Funds
Replies: 16
Views: 1296

Re: Do Alpha Males Deliver Alpha? Testosterone and Hedge Funds

triceratop wrote:
Fri Jan 26, 2018 6:54 pm
It seems patently crazy and absurd! But I've been lead to believe and heard many tales confirming that many humans do precisely this under a complex system known as "dating".
There hasn't been an equivalent of Bogle to offer indexing as a simpler and more profitable approach!
by baw703916
Thu Jan 25, 2018 8:43 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday, Taylor!
Replies: 84
Views: 4090

Re: Happy Birthday, Taylor!

Happy Birthday Taylor!!

Thanks for teaching many people important lessons about successful investing.
by baw703916
Wed Jan 24, 2018 11:19 pm
Forum: Investing - Theory, News & General
Topic: Any logic to picking multiple target date funds?
Replies: 16
Views: 1190

Re: Any logic to picking multiple target date funds?

I actually am using two different "L Funds" in my TSP account (L funds = TSP version of target date funds). Technically only one actually has a date: L2030 (about when I'll be retirement age). Until recently, I had much of the rest of my TSP in the G fund (I distribute assets over several types of a...
by baw703916
Mon Jan 22, 2018 1:32 am
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 108
Views: 24025

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: 3176

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: 33
Views: 3500

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: 3176

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: 33
Views: 3500

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: 4170

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: 10000

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: 210
Views: 23871

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: 10000

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: 2167

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: 2167

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: 2167

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: 2167

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: 2167

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: 13005

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: 2167

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: 11479

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: 10489

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: 1168

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: 3989

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: 9965

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: 2609

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: 2656

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: 2771

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: 9481

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: 9481

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: 1901

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: 6653

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: 6653

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: 1493

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: 7936

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: 1231

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: 2103

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: 1262

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: 4113

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: 13267

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: 13267

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: 56081

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: 65
Views: 9400

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: 4150

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: 4150

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...