Search found 1358 matches

by Elysium
Mon Dec 10, 2018 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: HAINX - Harbor International
Replies: 5
Views: 316

Re: HAINX - Harbor International

Regarding VINEX, the word is that it isn't the same fund it used to be a few years back when many here have owned it, before the introduction of Intl SC Index fund. In the last few years, there are some management changes to VINEX that is causing problems. That being said, I am also not a big fan of...
by Elysium
Mon Dec 10, 2018 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: HAINX - Harbor International
Replies: 5
Views: 316

Re: HAINX - Harbor International

Distributions shouldn't matter since this is in IRA. You can take your gains while you are still lucky, and move into something like Total Intl. Other options are Global Minimum Volatility or Global Wellington as one stop set it and forget it options.
by Elysium
Mon Dec 10, 2018 6:16 pm
Forum: Investing - Theory, News & General
Topic: Do long-term bonds belong in one's portfolio?
Replies: 140
Views: 6037

Re: Do long-term bonds belong in one's portfolio?

Ideally I would like to have LT because the lowest correlation with stocks and higher return. Never mind they are more volatile, they historically better with stocks. But at the moment I have IT because the little extra benefit of LT. How will I know to switch from IT to LT? I would like to own LT ...
by Elysium
Mon Dec 10, 2018 4:35 pm
Forum: Investing - Theory, News & General
Topic: Do long-term bonds belong in one's portfolio?
Replies: 140
Views: 6037

Re: Do long-term bonds belong in one's portfolio?

Yield spreads do matter, that is the bottomline. When yield curve is indicating narrow spreads between LT and IT, it doesn't pay to go long, and in fact the spread between ST and IT makes IT at the sweetspot of the yield curve. Back in the days Larry Swedroe used to advocate this point, and I agree...
by Elysium
Mon Dec 10, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Great Personal Loss – Guidance and Financial Questions
Replies: 21
Views: 2669

Re: Great Personal Loss – Guidance and Financial Questions

OP, sorry to hear about your loss. You'll get plenty of guidance here on the financial front, and that will be needed, but I am going to point at another type of professional guidance you will need to get through this. Get some counseling and therapy going to get you through this period, even though...
by Elysium
Mon Dec 10, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: Do long-term bonds belong in one's portfolio?
Replies: 140
Views: 6037

Re: Do long-term bonds belong in one's portfolio?

Yield spreads do matter, that is the bottomline. When yield curve is indicating narrow spreads between LT and IT, it doesn't pay to go long, and in fact the spread between ST and IT makes IT at the sweetspot of the yield curve. Back in the days Larry Swedroe used to advocate this point, and I agree ...
by Elysium
Mon Dec 10, 2018 12:47 am
Forum: Investing - Theory, News & General
Topic: Vanguard Individual 401K now offering Admiral funds
Replies: 39
Views: 2773

Re: Vanguard Individual 401K now offering Admiral funds

Unfortunately, we have four funds in our two i401(k)s. Mine was all TIPS. Hers was TIPS, small value, and international small. The SV was converted. The TIPS cannot (even if you have $50K in it in the i401(k)). And there still aren't admiral shares for International small. As I recall, that's actua...
by Elysium
Mon Dec 10, 2018 12:39 am
Forum: Investing - Theory, News & General
Topic: Who is buying SCV, EM, Intl SC
Replies: 38
Views: 2136

Who is buying SCV, EM, Intl SC

Where are the rebalancing robots when you need them. Who is brave enough to buy SCV, EM, INTL, and INTL SC, all down double digits or nearly there for the year. What about REIT and CCF? any takers. Is everyone busy buying bonds? all talk of factors but no action :shock: (Take it with a bit of humor ...
by Elysium
Sun Dec 09, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Individual 401K now offering Admiral funds
Replies: 39
Views: 2773

Re: Vanguard Individual 401K now offering Admiral funds

Unfortunately, we have four funds in our two i401(k)s. Mine was all TIPS. Hers was TIPS, small value, and international small. The SV was converted. The TIPS cannot (even if you have $50K in it in the i401(k)). And there still aren't admiral shares for International small. As I recall, that's actua...
by Elysium
Sun Dec 09, 2018 12:42 pm
Forum: Investing - Theory, News & General
Topic: International underperformance - how to break it down
Replies: 52
Views: 3826

Re: International underperformance - how to break it down

Hi all, There have been a number of threads about the underperformance of international finds. My question is whether we can fairly definitively break down reasons for past underperformance, i.e. what % can be explained by... 1. Currency exchange rates 2. mix of factors (int’l has less tech, more c...
by Elysium
Sun Dec 09, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: Do long-term bonds belong in one's portfolio?
Replies: 140
Views: 6037

Re: Do long-term bonds belong in one's portfolio?

Because in the end, the term premium generally wins out. Just as how over time, the equity risk premium generally wins out over bonds. That depends on where the term premiums are. As of now: 30 YR: 3.14 10 YR: 2.88 5 YR: 2.75 Take your pick. 26 bps to 39 bps premium for lending out 20-25 years extr...
by Elysium
Sun Dec 09, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: Do long-term bonds belong in one's portfolio?
Replies: 140
Views: 6037

Re: Do long-term bonds belong in one's portfolio?

Because in the end, the term premium generally wins out. Just as how over time, the equity risk premium generally wins out over bonds. That depends on where the term premiums are. As of now: 30 YR: 3.14 10 YR: 2.88 5 YR: 2.75 Take your pick. 26 bps to 39 bps premium for lending out 20-25 years extr...
by Elysium
Sun Dec 09, 2018 10:33 am
Forum: Investing - Theory, News & General
Topic: Do long-term bonds belong in one's portfolio?
Replies: 140
Views: 6037

Re: Do long-term bonds belong in one's portfolio?

Because in the end, the term premium generally wins out. Just as how over time, the equity risk premium generally wins out over bonds. That depends on where the term premiums are. As of now: 30 YR: 3.14 10 YR: 2.88 5 YR: 2.75 Take your pick. 26 bps to 39 bps premium for lending out 20-25 years extr...
by Elysium
Fri Dec 07, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: Ignored Risks of Factor Investing
Replies: 104
Views: 5048

Re: Ignored Risks of Factor Investing

First, conviction about factor based investing and conviction about MPT aren't same. One can implement an MPT based portfolio with or without the factors. Stocks, Bonds, Cash is enough at a basic level, and within that Domestic and Intl, Short term and Long Term, that's enough. Some may say Real Es...
by Elysium
Fri Dec 07, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: Ignored Risks of Factor Investing
Replies: 104
Views: 5048

Re: Ignored Risks of Factor Investing

First, conviction about factor based investing and conviction about MPT aren't same. One can implement an MPT based portfolio with or without the factors. Stocks, Bonds, Cash is enough at a basic level, and within that Domestic and Intl, Short term and Long Term, that's enough. Some may say Real Est...
by Elysium
Wed Dec 05, 2018 10:14 am
Forum: Investing - Theory, News & General
Topic: Today was a good day to be diversified
Replies: 21
Views: 4284

Re: Today was a good day to be diversified

When the market value gets cut in half, as it did from Oct 2007 to Feb 2009, that is when you know whether you still feel good about what you hold. Notice I said value not percentage, when you are down hundreds of thousands of dollars you will not be coming up and talking about diversification benef...
by Elysium
Tue Dec 04, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Decision Advice: Contract Employee Stemming out..
Replies: 3
Views: 443

Re: Decision Advice: Contract Employee Stemming out..

Your best option, keep great relation with Company B, leave the contract and go work elsewhere for a year, come back under your own company contract or through another supplier who is better to deal with after a year. This sort of thing is very common in contracting, why bother? there are many emplo...
by Elysium
Mon Dec 03, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Can a three fund portfolio beat a fool?
Replies: 47
Views: 2875

Re: Can a three fund portfolio beat a fool?

He will likely win. I have a co-worker who similarly has been investing in FAANG stocks and QQQ for a long time, and he claims to be far ahead of indexes. Some of them don't calculate their returns properly, so that's a problem in assessing their claims. Regardless, sometimes knowing less could prod...
by Elysium
Mon Dec 03, 2018 8:36 pm
Forum: Investing - Theory, News & General
Topic: Money Weighted returns better for lower volatility assets
Replies: 2
Views: 273

Money Weighted returns better for lower volatility assets

As I was looking through my historic data, I noticed that many higher volatility investments such as SCV, EM, Intl are having lower money weighted returns compared to their time weighted returns. This piqued my interest further to look up other investments that are lower volatility, and I found that...
by Elysium
Mon Dec 03, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move to a more conservative AA? 80/20 to 60/40?
Replies: 67
Views: 4439

Re: Should I move to a more conservative AA? 80/20 to 60/40?

"Employer contributions are not usually counted as total gross, it is above the employee gross and not used for employee tax calculations. The exact amount of employer contributions varies and have to be figured into total contributions without including in salary + taxes." FWIW - we consider any e...
by Elysium
Mon Dec 03, 2018 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Should I move to a more conservative AA? 80/20 to 60/40?
Replies: 67
Views: 4439

Re: Should I move to a more conservative AA? 80/20 to 60/40?

"Employer contributions are not usually counted as total gross, it is above the employee gross and not used for employee tax calculations. The exact amount of employer contributions varies and have to be figured into total contributions without including in salary + taxes." FWIW - we consider any e...
by Elysium
Mon Dec 03, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Should I move to a more conservative AA? 80/20 to 60/40?
Replies: 67
Views: 4439

Re: Should I move to a more conservative AA? 80/20 to 60/40?

"Employer contributions are not usually counted as total gross, it is above the employee gross and not used for employee tax calculations. The exact amount of employer contributions varies and have to be figured into total contributions without including in salary + taxes." FWIW - we consider any e...
by Elysium
Mon Dec 03, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Should I move to a more conservative AA? 80/20 to 60/40?
Replies: 67
Views: 4439

Re: Should I move to a more conservative AA? 80/20 to 60/40?

I'll assume that the spouse is allowed to stash $40,000 in tax-deferred accounts. How did you make that assumption, what tax deferred account(s) is allowing $40k in employee contributions per year? It could be employee and employer total contributions (counting employer contribution as part of tota...
by Elysium
Mon Dec 03, 2018 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Should I move to a more conservative AA? 80/20 to 60/40?
Replies: 67
Views: 4439

Re: Should I move to a more conservative AA? 80/20 to 60/40?

longinvest wrote:
Sun Dec 02, 2018 8:35 pm
I'll assume that the spouse is allowed to stash $40,000 in tax-deferred accounts.
How did you make that assumption, what tax deferred account(s) is allowing $40k in employee contributions per year?
by Elysium
Sun Dec 02, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move to a more conservative AA? 80/20 to 60/40?
Replies: 67
Views: 4439

Re: Should I move to a more conservative AA? 80/20 to 60/40?

Young people have a smaller portfolio. It does not take much of a recession to wipe them out and be homeless. You have to survive in order to succeed. There is at least one US recession every 10 years since 1836. The last recession was 2008/2009. KlangFool I can only base it on my experience. I hav...
by Elysium
Sun Dec 02, 2018 6:27 pm
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 117
Views: 10016

Re: Why is Costco gas so much cheaper

Filled my second tank for the week with DW's car which was running nearly empty and had to be near a Costco. Her car can only take 10 gallons and need only regular gas. Regular at Costco $2.00 and at Shell next to home $2.60. Saved another $6 for a total of $28 for the weekend, more than half of mem...
by Elysium
Sun Dec 02, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move to a more conservative AA? 80/20 to 60/40?
Replies: 67
Views: 4439

Re: Should I move to a more conservative AA? 80/20 to 60/40?

Young people have a smaller portfolio. It does not take much of a recession to wipe them out and be homeless. You have to survive in order to succeed. There is at least one US recession every 10 years since 1836. The last recession was 2008/2009. KlangFool I can only base it on my experience. I hav...
by Elysium
Sun Dec 02, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move to a more conservative AA? 80/20 to 60/40?
Replies: 67
Views: 4439

Re: Should I move to a more conservative AA? 80/20 to 60/40?

galeno wrote:
Sun Dec 02, 2018 12:57 pm
Again. Go "age in FI". Why? You want to retire in 10 years. Your savings rate is massive. Why suffer the stress of 80/20 when you don't have too?
What is so stressful in having 80% in equities that you cannot touch until you are 60 years anyway :confused
by Elysium
Sun Dec 02, 2018 2:50 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 149
Views: 15776

Re: Best values at Costco? Honestly, a little disappointed...

What I have learned is that you have to develop an understanding of the products at costco and then figure out what products are best suited for your lifestyle, then balance it out with other stores. It takes time to develop this efficiency and once you have it then it will benefit you. Otherwise yo...
by Elysium
Sun Dec 02, 2018 2:35 pm
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 117
Views: 10016

Re: Why is Costco gas so much cheaper

And it's ridiculous to say you're going to burn much gas waiting. Value of your time in waiting is the issue. And it could be a non trivial amount of gas to *get* to Costco. Ours is 11 miles one way from our house, so we only go to Costco for fairly big shopping trips and only get gas there on thos...
by Elysium
Sun Dec 02, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move to a more conservative AA? 80/20 to 60/40?
Replies: 67
Views: 4439

Re: Should I move to a more conservative AA? 80/20 to 60/40?

Young people have a smaller portfolio. It does not take much of a recession to wipe them out and be homeless. You have to survive in order to succeed. There is at least one US recession every 10 years since 1836. The last recession was 2008/2009. KlangFool I can only base it on my experience. I hav...
by Elysium
Sun Dec 02, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move to a more conservative AA? 80/20 to 60/40?
Replies: 67
Views: 4439

Re: Should I move to a more conservative AA? 80/20 to 60/40?

I keep scratching my head over why 80/20 does not produce much better returns than 60/40, and the only explanation I can come up with is that when you are plowing large sums of money in regularly, the impact of the new contributions outweigh the growth compounding on the existing money (also 10 yea...
by Elysium
Sun Dec 02, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move to a more conservative AA? 80/20 to 60/40?
Replies: 67
Views: 4439

Re: Should I move to a more conservative AA? 80/20 to 60/40?

In summary, why should OP take the extra risk and return of 80/20 when it works out, it does not matter to him? Because in the post depression period, US Market has always recovered and gone on to new heights, young people with good education and skills were able to find jobs and bounce back. You h...
by Elysium
Sun Dec 02, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move to a more conservative AA? 80/20 to 60/40?
Replies: 67
Views: 4439

Re: Should I move to a more conservative AA? 80/20 to 60/40?

Edit: I just saw Klagfool's last post, these are extreme scenarios, you are expecting OP and his wife who are both young and with upward moving careers earning high pays to be unemployed for 2 years at same time. This isn't possible, unless we are in a great depression scenario, and that will make ...
by Elysium
Sun Dec 02, 2018 12:10 pm
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 117
Views: 10016

Re: Why is Costco gas so much cheaper

Cars are rediculously expensive to own and operate. Highly prodigious accumulators of wealth know the best way to save money on transportation is to not own a car, or to own less of them. Saving pennies at the pump won't impact ones savings rate. As a 65-70% net saver I know this to be true. I have...
by Elysium
Sun Dec 02, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 117
Views: 10016

Re: Why is Costco gas so much cheaper

I am saving a dollar almost per gallon lately, up to the tune of $20 every full fill. This is such a great deal! why is that so? talk about free lunches.. I will end up saving almost $1000 a year at this rate :sharebeer Saving a dollar per gallon? That is not true (at least at my local Costco). Wel...
by Elysium
Sun Dec 02, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Should I move to a more conservative AA? 80/20 to 60/40?
Replies: 67
Views: 4439

Re: Should I move to a more conservative AA? 80/20 to 60/40?

Why not hold a conservative portfolio and "keep your age in fixed income (FI)"? You should be at 70/30 right now. When you both get to 35 to 65/35. Do it in chunks of 5% when your average ages round up or down. No. Don't do it. That is the simple answer. 80/20 isn't risky at your age and given you ...
by Elysium
Sun Dec 02, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 117
Views: 10016

Re: Why is Costco gas so much cheaper

Oh, I need to fill up on gas. Costco is nearby. They always have the lowest price. Not by much, but still, penny saved is a penny earned. [go to Costco gas, fill-up, save $1.50 on gas] Oh what’s that on the bottom of the receipt? If i show the receipt in the store, I can save $1.50? Good deal. Hmm,...
by Elysium
Sat Dec 01, 2018 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move to a more conservative AA? 80/20 to 60/40?
Replies: 67
Views: 4439

Re: Should I move to a more conservative AA? 80/20 to 60/40?

No. Don't do it. That is the simple answer. 80/20 isn't risky at your age and given you have good careers and have skills to find jobs, you should just soak away as much as you can and let compounding do the work. Ignore the market movements and 15 years later you will be happy you didn't go conserv...
by Elysium
Sat Dec 01, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 117
Views: 10016

Re: Why is Costco gas so much cheaper

My calculation is not wrong, although there are gas stations that are closer in price to costco, those aren't close to my home either. I am in the DC suburbs, and can compare gas prices around the beltway since I travel for work between DC/MD/VA. I am sure there are some stations that are cheaper, b...
by Elysium
Sat Dec 01, 2018 1:33 pm
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 117
Views: 10016

Why is Costco gas so much cheaper

I am saving a dollar almost per gallon lately, up to the tune of $20 every full fill. This is such a great deal! why is that so? talk about free lunches.. I will end up saving almost $1000 a year at this rate :sharebeer
by Elysium
Fri Nov 30, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Marriott Starwood Security breach - 500 million guests
Replies: 26
Views: 3408

Re: Marriott Starwood Security breach - 500 million guests

Isn't it just more safer and better to freeze credit :?: Instead of enrolling in credit protection which requires keeping credit open. I am sure at this point my data is breached multiple times already through all these large corporations, and the OPM data breach where me and spouse were both affect...
by Elysium
Fri Nov 30, 2018 9:03 am
Forum: Investing - Help with Personal Investments
Topic: The first million?
Replies: 36
Views: 5472

Re: The first million?

Sure the last 10 years have been above average but the last 20 years have not. The sp500 has grown at CAGR (%) of 4.47% for the last 20 years. How is that a massive bull run that needs correcting? I mean dividends bumped that up into the 5-6% range but still below average. Just check the 10 years p...
by Elysium
Fri Nov 30, 2018 8:53 am
Forum: Investing - Theory, News & General
Topic: Total Stock Market and Mega Cap Risk
Replies: 15
Views: 1564

Re: Total Stock Market and Mega Cap Risk

Sure, more small companies fail, but more also grow 20x their value more quickly. Just another reason why the average investor should consider tilting to small caps rather than simply using the three fund portfolio. You don't need to overweight small caps in order to capture the gains from a small ...
by Elysium
Wed Nov 28, 2018 10:52 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Are Corp Bonds Worth Risk?
Replies: 59
Views: 4961

Re: Larry Swedroe: Are Corp Bonds Worth Risk?

I think an important point is not just the correlations, but when the correlations tend to change. While the correlation between equities and high quality fixed income is about 0 overall, the correlation tends to turn strongly negative just when it’s needed the most, in an equity bear. Likewise, it...
by Elysium
Wed Nov 28, 2018 2:26 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Are Corp Bonds Worth Risk?
Replies: 59
Views: 4961

Re: Larry Swedroe: Are Corp Bonds Worth Risk?

I think an important point is not just the correlations, but when the correlations tend to change. While the correlation between equities and high quality fixed income is about 0 overall, the correlation tends to turn strongly negative just when it’s needed the most, in an equity bear. Likewise, it...
by Elysium
Wed Nov 28, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Are Corp Bonds Worth Risk?
Replies: 59
Views: 4961

Re: Larry Swedroe: Are Corp Bonds Worth Risk?

It seems to me that High Yield Corp Bonds can be used in place of Equities to reduce the risk of overall portfolio without giving up too much in returns as if going to high quality bonds. One could also get the same result by reducing the equity allocation little less and increasing higher quality ...
by Elysium
Wed Nov 28, 2018 11:52 am
Forum: Investing - Theory, News & General
Topic: AQR/Liquid Alt Performance
Replies: 60
Views: 2801

Re: AQR/Liquid Alt Performance

The beauty of backtesting is that you can torture the data in anyway until it produces the result you want. If you wish to reduce portfolio volatility while keeping sharp ratio same, then you could add low volatility equity like a Dividend Growth (Quality) fund. See here: https://www.portfoliovisua...
by Elysium
Wed Nov 28, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Are Corp Bonds Worth Risk?
Replies: 59
Views: 4961

Re: Larry Swedroe: Are Corp Bonds Worth Risk?

It seems to me that High Yield Corp Bonds can be used in place of Equities to reduce the risk of overall portfolio without giving up too much in returns as if going to high quality bonds. One could also get the same result by reducing the equity allocation little less and increasing higher quality b...
by Elysium
Tue Nov 27, 2018 11:05 pm
Forum: Investing - Theory, News & General
Topic: AQR/Liquid Alt Performance
Replies: 60
Views: 2801

Re: AQR/Liquid Alt Performance

Does that even matter in the context it was used, 8% is still a huge hurdle, when experts are talking equities giving barely 6% annualized over next decade. Point is still same, QSPIX will have to outperform equities by a large margin to meet the modest expectations of current investors. Either tha...