Search found 72 matches

by Girya
Sun Dec 01, 2019 3:32 pm
Forum: Personal Investments
Topic: Recommended tools to track AA and performance across multiple investments?
Replies: 12
Views: 786

Re: Recommended tools to track AA and performance across multiple investments?

A few suggestions: 1-The spreadsheet really is the way to do this. You can make you own and as you update from your own accounts you can truly keep a very good track of your investments and get more “intimate” with them; ie understand them better over time. I update mine monthly and save it under th...
by Girya
Sun Dec 01, 2019 3:06 pm
Forum: Investing - Theory, News & General
Topic: Dividend Investing?
Replies: 52
Views: 4849

Re: Dividend Investing?

Ok just a quick question because I too have contemplated dividends. I understand well that high dividend producing stocks, bonds, REIT’s etc are very tax inefficient and should be kept out of taxable and 401k spaces. Dividend-producing stocks are just fine in a 401K. With a 401, all income taxes, h...
by Girya
Sun Dec 01, 2019 2:36 pm
Forum: Investing - Theory, News & General
Topic: Dividend Investing?
Replies: 52
Views: 4849

Re: Dividend Investing?

Ok just a quick question because I too have contemplated dividends. I understand well that high dividend producing stocks, bonds, REIT’s etc are very tax inefficient and should be kept out of taxable and 401k spaces. But what about putting dividend producing products into tax protected spaces such a...
by Girya
Sun Dec 01, 2019 12:15 pm
Forum: Investing - Theory, News & General
Topic: Purchase of Re-insurance risk outside of re-insurance funds
Replies: 30
Views: 1759

Re: Purchase of Re-insurance risk outside of re-insurance funds

Larry I remain unconvinced, but always open minded. Investing is always mysterious in this way, and I will remain curious. I have not heard an argument where the reward is appropriately compensated by the risk premium (or even what that premium may be). What I do see is an illiquid asset down 12%; I...
by Girya
Sun Dec 01, 2019 7:48 am
Forum: Investing - Theory, News & General
Topic: Purchase of Re-insurance risk outside of re-insurance funds
Replies: 30
Views: 1759

Re: Purchase of Re-insurance risk outside of re-insurance funds

As someone who owns a small position in SRRIX (which I have been attempting to liquidate) I can give some thoughts on this product from the perspective of a retail investor. 1-If one so chooses to invest this is the ultimate buy and hold strategy, due to the high illiquidity. In periods of stress an...
by Girya
Fri Nov 29, 2019 9:41 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 462
Views: 53771

Re: Small Cap Value heads Rejoice !!!

As always Dave I appreciate that. I suppose I was sort of putting the numerical cart before the philosophical horse. I was just looking to quantify things....now I ha e to qualify things.

I’ll run through the exercise you suggest; it’s a good one.
by Girya
Fri Nov 29, 2019 8:32 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 462
Views: 53771

Re: Small Cap Value heads Rejoice !!!

Haha. Fair enough. I don’t understand value and small cap. Ok I understand what they are, but I don’t understand how to appropriately weight a portfolio towards them. What are factor loads? How much does one need to introduce to a TSM portfolio to tilt for beta without ignoring market returns? You'...
by Girya
Thu Nov 28, 2019 11:50 pm
Forum: Investing - Theory, News & General
Topic: Stay away from Stoneridge Funds....
Replies: 158
Views: 8339

Re: Stay away from Stoneridge Funds....

Everyone I am genuinely sorry I started this discussion. I did not realize what I was uncapping. I have tried several times to redirect it. Mr. Swedroe has written me a polite PM. I reciprocated. While I am displeased with the advice I bear him and his firm no ill will. I’m not suing anyone....geez....
by Girya
Thu Nov 28, 2019 3:49 pm
Forum: Investing - Theory, News & General
Topic: Stay away from Stoneridge Funds....
Replies: 158
Views: 8339

Re: Stay away from Stoneridge Funds....

Tame rant. Just wanted people to realize this. Some of you who are experienced investors perhaps don’t realize that people come to this with different levels of experience, and different abilities to parse and understand different products. In this circumstance the process went like this: 1-Upside e...
by Girya
Thu Nov 28, 2019 3:33 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 462
Views: 53771

Re: Small Cap Value heads Rejoice !!!

Haha. Fair enough. I don’t understand value and small cap.

Ok I understand what they are, but I don’t understand how to appropriately weight a portfolio towards them. What are factor loads? How much does one need to introduce to a TSM portfolio to tilt for beta without ignoring market returns?
by Girya
Thu Nov 28, 2019 12:22 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 462
Views: 53771

Re: Small Cap Value heads Rejoice !!!

I want to believe in this approach but wonder if I have the mathematic and investment skills to truly do so, not to mention the stomach , and if I don't understand it, can it ever be right for me? Being able to handle tracking error regret is an important thing when it comes to a tilted portfolio. ...
by Girya
Thu Nov 28, 2019 12:15 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 462
Views: 53771

Re: Small Cap Value heads Rejoice !!!

The above conversation is interesting but perhaps a touch over my head. I want to believe in this approach but wonder if I have the mathematic and investment skills to truly do so, not to mention the stomach, and if I don't understand it, can it ever be right for me? If the above is too complex and...
by Girya
Thu Nov 28, 2019 12:09 pm
Forum: Investing - Theory, News & General
Topic: Stay away from Stoneridge Funds....
Replies: 158
Views: 8339

Re: Stay away from Stoneridge Funds....

These are within Roths. So nothing to harvest. No upside. Just going to end up being about a $20k loss.

:sharebeer

Happy Thanksgiving Boglers! Y’all are a good group of people and I’m thankful for you.
by Girya
Thu Nov 28, 2019 11:48 am
Forum: Investing - Theory, News & General
Topic: Stay away from Stoneridge Funds....
Replies: 158
Views: 8339

Re: Stay away from Stoneridge Funds....

Too often people hear what they want to hear. I remember a tax client wanted me to project their next year's refund. What I told them was that if everything stayed about the same that their refund would be about a thousand dollars. The message sent and the message received were two different things...
by Girya
Thu Nov 28, 2019 11:03 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 462
Views: 53771

Re: Small Cap Value heads Rejoice !!!

Hey everyone I've been reading this thread with great interest. I have a portfolio which is tilted small, value and most interestingly small international value. It was developed following a Swedroe model before I left my advisor, and frankly I haven't touched much. Indeed I opened up another taxabl...
by Girya
Thu Nov 28, 2019 10:26 am
Forum: Investing - Theory, News & General
Topic: Stay away from Stoneridge Funds....
Replies: 158
Views: 8339

Re: Stay away from Stoneridge Funds....

goingup wrote:
Thu Nov 28, 2019 9:57 am
The OP's experience is a cautionary tale, and I'm grateful he posted it.

The underperformance of these expensive funds is not particularly surprising. Not being able to get out of them, except slowly over time, would rankle me to no end.
Exactly :oops:
by Girya
Thu Nov 28, 2019 10:25 am
Forum: Investing - Theory, News & General
Topic: Stay away from Stoneridge Funds....
Replies: 158
Views: 8339

Re: Stay away from Stoneridge Funds....

Most fascinating and educational thread in months! Yep, I’ve learned so much watching doctors go back and forth on what libel is and isn’t. A doctor and a lawyer were talking at a party. Their conversation was constantly interrupted by people describing their ailments and asking the doctor for free...
by Girya
Thu Nov 28, 2019 5:58 am
Forum: Personal Consumer Issues
Topic: Moving to Schenectady/Albany NY
Replies: 10
Views: 1221

Re: Moving to Schenectady/Albany NY

Yeah when I went to grad school in Albany no one really lived in Schenectady. Had a reputation for having an abnormally high amount of crime and drug use. If you wanted to live in Colonie (by the malls and restaurants) or out the eastern edge of Western Avenue there’s nice areas. Now apparently down...
by Girya
Thu Nov 28, 2019 5:42 am
Forum: Investing - Theory, News & General
Topic: Amazon dumps Vanguard for Fidelity for it 401K plan
Replies: 22
Views: 4230

Re: Amazon dumps Vanguard for Fidelity for it 401K plan

I personally use Fidelity and think it’s grand. I’ve pushed my employer to switch our 401k over to them (so far no dice). I don’t think, however, that this will matter to the bulk of Amazon employees. With a median salary of $28k/year, most of these folks are scraping by and I doubt diverting $19/k ...
by Girya
Thu Nov 28, 2019 5:05 am
Forum: Investing - Theory, News & General
Topic: Stay away from Stoneridge Funds....
Replies: 158
Views: 8339

Re: Stay away from Stoneridge Funds....

The point here is that I didn’t know, and it certainly wasn’t proactively explained to me. There was lots of marketing double talk. I actually feel bad for my guy because I think that he was selling a corporate policy (“push these investments”) and it ended what was otherwise a positive and mutually...
by Girya
Thu Nov 28, 2019 4:17 am
Forum: Investing - Theory, News & General
Topic: Stay away from Stoneridge Funds....
Replies: 158
Views: 8339

Re: Stay away from Stoneridge Funds....

> "Don't believe Larry Swedroe" An opinion. And even if it implies that the OP thinks Swedroe promotes Stoneridge funds, due to the earlier context, it still wouldn't be even close to libel. Googling it, that implication seems true. And Swedroe is a public figure, so that is enough, unless if it can...
by Girya
Thu Nov 28, 2019 3:54 am
Forum: Investing - Theory, News & General
Topic: Stay away from Stoneridge Funds....
Replies: 158
Views: 8339

Re: Stay away from Stoneridge Funds....

This is going to come across as a vent, and rightfully so. I also want this to come up whenever someone Googles this, to perhaps help prevent people from making the same mistakes I have. The short point is to not, NOT, buy Stoneridge funds. Don't let our advisor talk you into this. And don't believ...
by Girya
Wed Nov 27, 2019 9:30 pm
Forum: Investing - Theory, News & General
Topic: Stay away from Stoneridge Funds....
Replies: 158
Views: 8339

Re: Stay away from Stoneridge Funds....

Appreciate everyone’s sympathetic comments. Yes, I should have been smarter. Yes, I got sold “bond like volatility but equity like returns”. I got sold a story. Now first I do not wish to besmirch my advisor. He is a good man, an honorable guy, a veteran, and if I saw him in public I’d shake his han...
by Girya
Wed Nov 27, 2019 4:42 pm
Forum: Investing - Theory, News & General
Topic: Stay away from Stoneridge Funds....
Replies: 158
Views: 8339

Re: Stay away from Stoneridge Funds....

Yes I've left the advisor; this was sort of the thing that broke it for me. They even set up a phone call and tried to talk me into keeping these, sent me Swedroe's "Factor Based Investing" book (which I did read all the way through). The thing is, perhaps I'm too dumb to understand these things, I ...
by Girya
Wed Nov 27, 2019 4:19 pm
Forum: Investing - Theory, News & General
Topic: Stay away from Stoneridge Funds....
Replies: 158
Views: 8339

Stay away from Stoneridge Funds....

This is going to come across as a vent, and rightfully so. I also want this to come up whenever someone Googles this, to perhaps help prevent people from making the same mistakes I have. The short point is to not, NOT, buy Stoneridge funds. Don't let our advisor talk you into this. And don't believe...
by Girya
Fri Nov 01, 2019 1:00 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2670
Views: 493070

Re: What are you up YTD? [Year To Date]

My investment advisor had me at 75/25 (trying to get closer to 80/20), and for this I am at 13.8% YTD (1 year 13.5%). Little Girya #1's IPS for her 529 fund is at 87.5/12.5%, and she is at 18.9% (1 year 12.6%) Little Girya #2's IPS for her 529 fund is at 100%, and she is at 22.1% (1 year 19.3%)! Sma...
by Girya
Tue Oct 29, 2019 7:10 am
Forum: Investing - Theory, News & General
Topic: "Learning"
Replies: 15
Views: 2781

Re: "Learning"

Taylor-I really, really appreciate this post for so many reasons. I am still a “young” investor (ie I just turned 40 :shock: ) and have been at this for about ten years. I work in a field (medicine) that requires constant learning and reassessment and a critical view of oneself. I teach even younger...
by Girya
Sun Oct 27, 2019 11:15 am
Forum: Investing - Theory, News & General
Topic: BOSVX vs IJS for SCV Loading?
Replies: 55
Views: 2300

Re: BOSVX vs IJS for SCV Loading?

Elysian I totally get that. It just makes it hard to make good decisions based on incomplete and incongruous past data.

Yes my goal is to understand this for the long term.
by Girya
Sun Oct 27, 2019 9:43 am
Forum: Investing - Theory, News & General
Topic: BOSVX vs IJS for SCV Loading?
Replies: 55
Views: 2300

Re: BOSVX vs IJS for SCV Loading?

I’m getting the sense that those on this board who have continued to post on this topic believe in the factor premium; so then the question becomes how to best implement it. ie are we doing it for diversification and market beta? Are we doing it for these brief but notable periods of outperformance?...
by Girya
Sat Oct 26, 2019 1:01 pm
Forum: Investing - Theory, News & General
Topic: ETF Education vs Marketing from Vanguard
Replies: 14
Views: 1094

Re: ETF Education vs Marketing from Vanguard

That is happening to me also... along with constant ads for PAS. Almost makes me want to change to a different company, but I assume Fidelity or Schwab would be the same or worse. I just delete the emails and toss the mailers..... I am at Fidelity and I get zero (none, never, zip, zilch) email adve...
by Girya
Sat Oct 26, 2019 12:56 pm
Forum: Investing - Theory, News & General
Topic: BOSVX vs IJS for SCV Loading?
Replies: 55
Views: 2300

Re: BOSVX vs IJS for SCV Loading?

My IPS is generally (with allowances for some overlap) Total: 75%-80% equity/20-25% fixed income with allocation bands for each market style Equity: U.S. - Large Cap/Total Market 25.68% Equity: U.S. - Total Market Value 5.01% Equity: U.S. - Small/Mid Cap 1.76% Equity: U.S. - Small Cap Value 11.511% ...
by Girya
Sat Oct 26, 2019 11:33 am
Forum: Investing - Theory, News & General
Topic: BOSVX vs IJS for SCV Loading?
Replies: 55
Views: 2300

Re: BOSVX vs IJS for SCV Loading?

The trouble with taxable investing before you have a plan you can really stick with is that you get tax-trapped (via cap gains) into funds you wish you didn't have. I bet it's really common for BHer's to have a handful of zombies in their taxable accts. Very true. You should also love whatever fund...
by Girya
Sat Oct 26, 2019 8:30 am
Forum: Investing - Theory, News & General
Topic: BOSVX vs IJS for SCV Loading?
Replies: 55
Views: 2300

Re: BOSVX vs IJS for SCV Loading?

As I am committed to this track record after eight years with an advisor, the one thing I do understand is that the worst thing to do is zig and zag between approaches. This. It is important to stay the course and not change strategies, unless of course your original approach was not correct. Girya...
by Girya
Sat Oct 26, 2019 6:14 am
Forum: Investing - Theory, News & General
Topic: BOSVX vs IJS for SCV Loading?
Replies: 55
Views: 2300

Re: BOSVX vs IJS for SCV Loading?

With regard to BOSVX versus IJS, I think a minor but significant point for tillers is the following. When one uses a fund with deeper exposures to size and value, that means he needs to take on less market beta risk (the risk he is trying to diversify away from in the first place) to get his desire...
by Girya
Sat Oct 26, 2019 6:00 am
Forum: Investing - Theory, News & General
Topic: BOSVX vs IJS for SCV Loading?
Replies: 55
Views: 2300

Re: BOSVX vs IJS for SCV Loading?

With regard to BOSVX versus IJS, I think a minor but significant point for tillers is the following. When one uses a fund with deeper exposures to size and value, that means he needs to take on less market beta risk (the risk he is trying to diversify away from in the first place) to get his desire...
by Girya
Fri Oct 25, 2019 12:22 pm
Forum: Investing - Theory, News & General
Topic: BOSVX vs IJS for SCV Loading?
Replies: 55
Views: 2300

Re: BOSVX vs IJS for SCV Loading?

Thanks to all for their feedback. Elysium is not wrong that I understand less about SCV than I wish I did. I do understand it in general; I understand market beta and the theoretical reasons for allowing that in the portfolio. I also believe in the Total Market hypothesis. It’s sort of a Coke or Pep...
by Girya
Fri Oct 25, 2019 8:30 am
Forum: Investing - Theory, News & General
Topic: BOSVX vs IJS for SCV Loading?
Replies: 55
Views: 2300

BOSVX vs IJS for SCV Loading?

Writing for the forum’s perspective as I know you’ve studied this. So I did go ahead and left an investment advisor but have kept the majority of the portfolio intact, with the exception of Muni’s which I switched to MUB (better credit rating, broader, cheaper). The one I’m questioning pulling out o...
by Girya
Sat Sep 28, 2019 5:32 am
Forum: Investing - Theory, News & General
Topic: Is the Foreign Tax Credit worth it?
Replies: 16
Views: 2206

Is the Foreign Tax Credit worth it?

Boglers-Working to reallocate my portfolio after taking back control of my accounts. I was advised by a consultant to hold all foreign, developed or emerging, in taxable to capture the Foreign Tax Credit. Is there any inherent advantage to this versus just holding in my tax sheltered accounts? My CP...
by Girya
Sun Aug 18, 2019 10:13 am
Forum: Personal Investments
Topic: Don’t put new money in market right now??
Replies: 59
Views: 7976

Re: Don’t put new money in market right now??

Wiggums wrote:
Sat Aug 17, 2019 3:59 pm
Raymond wrote:
Sat Aug 17, 2019 3:56 pm
What did the Fidelity advisor suggest instead? Variable annuities? :greedy
:sharebeer
Probably recommended investing in annuities, commodities, gold, silver, Emu oil and “smart Beta”.

Also probably mentioned the “one vegetable a top gut doctor begs you not to eat!”
by Girya
Sun Aug 18, 2019 10:08 am
Forum: Personal Investments
Topic: Most Tax-Efficient Funds when in high tax bracket
Replies: 14
Views: 1570

Re: Most Tax-Efficient Funds when in high tax bracket

ETF's reconstitute less often and are generally better when held in a taxable account vs. mutual funds. My understanding this isn’t true with Vanguard due to their unique mutual fund structure which renders them as tax-efficient as their ETFs. Somewhat true.... Remember this isn’t a Vanguard forum,...
by Girya
Sat Aug 17, 2019 10:27 pm
Forum: Personal Investments
Topic: Most Tax-Efficient Funds when in high tax bracket
Replies: 14
Views: 1570

Re: Most Tax-Efficient Funds when in high tax bracket

No one right answer to this. I have the same problem and as another poster said, it's a good problem to have. Assuming you put everything into tax free/sheltered such as your 401k, backdoor Roth's, HSP's, etc? Generally things that kick off low dividends and/or generate a credit, such as Internation...
by Girya
Sat Aug 17, 2019 6:47 pm
Forum: Personal Investments
Topic: DFA (Dimensional) Portfolio Keep or Jettison?
Replies: 22
Views: 1817

Re: DFA (Dimensional) Portfolio Keep or Jettison?

Just following up on this as I am in a very similar situation. Have you decided how you are going to proceed? Not yet, but it is coming together in my mind. I'm taking this process really slow because, honestly, what's the rush? The reason I haven't done anything yet is that the market has been cra...
by Girya
Thu Aug 08, 2019 8:29 pm
Forum: Personal Investments
Topic: DFA (Dimensional) Portfolio Keep or Jettison?
Replies: 22
Views: 1817

Re: DFA (Dimensional) Portfolio Keep or Jettison?

Because DFA funds are generally pretty reasonable in terms of expense ratios, I am going to take a wild guess and say I expect your final number to come out somewhere in the ballpark of 0.25% to 0.50%. If you do this exercise, I hope you'll share the results with us. Then do the same exercise for y...
by Girya
Thu Aug 08, 2019 7:44 pm
Forum: Personal Investments
Topic: DFA (Dimensional) Portfolio Keep or Jettison?
Replies: 22
Views: 1817

Re: DFA (Dimensional) Portfolio Keep or Jettison?

Like Tyler Aspect, I find that your percentages add up to 113.1%, and if I take out the Roth they only add up to 93.6%, so I'm not sure what to do about that. Hey sorry you might have missed this bit, the rest of that account is cash and some NVIDIA stock which we inherited; I'm donating that to a ...
by Girya
Thu Aug 08, 2019 2:02 pm
Forum: Personal Investments
Topic: Just Inherited First Financial Bankshares
Replies: 6
Views: 530

Re: Just Inherited First Financial Bankshares

We inherited appreciated stocks, bonds and index funds a few years ago. It can take awhile to transform those shares into your desired vehicles. This is your basic process, which you can do before probate closes: 1-Set your asset allocation (stocks and bonds) and then whether you are going to do an ...
by Girya
Thu Aug 08, 2019 1:50 pm
Forum: Personal Investments
Topic: DFA (Dimensional) Portfolio Keep or Jettison?
Replies: 22
Views: 1817

Re: DFA (Dimensional) Portfolio Keep or Jettison?

Age 39, married, live in CO, 35% bracket. Liked and respected advisors, thought they were fiduciary, but felt I could do better without the AUM fee dragging the portfolio down. Tough to figure returns when the alpha seemed to go to them. The amounts do add up to 100% in the taxable account, I just l...
by Girya
Thu Aug 08, 2019 11:07 am
Forum: Personal Investments
Topic: DFA (Dimensional) Portfolio Keep or Jettison?
Replies: 22
Views: 1817

DFA (Dimensional) Portfolio Keep or Jettison?

I hope this thread serves to assist me in this question, and also as a healthy conversation of the relative merits and drawbacks of funds by Dimensional Advisors. I recently “broke up” with my AUM advisor, leaving me with a huge basket of DFA funds in a taxable account (and some Bridgeway, and some ...
by Girya
Wed Aug 07, 2019 9:15 am
Forum: Personal Investments
Topic: I still don't understand the value of a Backdoor Roth for high income earners
Replies: 63
Views: 6483

Re: I still don't understand the value of a Backdoor Roth for high income earners

... and maybe even made significant tax-deductible contributions to your children/grandchildren's 529. Contributions to 529s are NEVER tax deductible. 529 money is after tax dollars, similiar to a Roth. I get a 10% tax deduction for the first approx. $5,000 year, notwithstanding your claim of “neve...
by Girya
Wed Aug 07, 2019 9:08 am
Forum: Personal Investments
Topic: I still don't understand the value of a Backdoor Roth for high income earners
Replies: 63
Views: 6483

Re: I still don't understand the value of a Backdoor Roth for high income earners

... and maybe even made significant tax-deductible contributions to your children/grandchildren's 529. Contributions to 529s are NEVER tax deductible. 529 money is after tax dollars, similiar to a Roth. Yes they are after tax dollars, but can be deducted against state taxes in many (but not all sta...
by Girya
Wed Aug 07, 2019 8:39 am
Forum: Personal Investments
Topic: I still don't understand the value of a Backdoor Roth for high income earners
Replies: 63
Views: 6483

Re: I still don't understand the value of a Backdoor Roth for high income earners

You should max out your solo 401k, HSA, and any other eligible tax deferred accounts. Then what ever is left over (that you can't fit into a tax deferred account) will be taxed at your high rate. Once you've paid the taxes on that income the question is what do you do with it? Your choices are stic...