Search found 6798 matches

by Call_Me_Op
Tue Jul 17, 2018 11:38 am
Forum: Investing - Theory, News & General
Topic: 1-year Treasury Bill auction
Replies: 47
Views: 3408

Re: 1-year Treasury Bill auction

Kevin M wrote:
Fri Jul 13, 2018 1:49 pm
IUsing the higher expected yield of 2.38% would provide a taxable-equivalent yield (TEY) of 2.673% for me at 28% federal and 8% state marginal tax rates = 2.38% * (1-27%)/ (1 - 27% - 8%).
Where does the 27% come from?
by Call_Me_Op
Tue Jul 17, 2018 11:29 am
Forum: Investing - Theory, News & General
Topic: Why age is not how to determine risk tolerance
Replies: 13
Views: 1255

Re: Why age is not how to determine risk tolerance

What does your salary have to do with it? Your salary may have nothing to do with your expenses. It is the expenses - specifically expenses once you retire - that count.
by Call_Me_Op
Tue Jul 17, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Why is my bond fund going up with interest rates?
Replies: 16
Views: 1481

Re: Why is my bond fund going up with interest rates?

I am invested in municipal bond fund fmotx. In the last few months the Fed has raised interest rates, yet the bond fund is on a slow increase in value. I am prepared for bond funds to drop for a while, and have delayed investing more capital for this reason. I know some of the bonds are corporate, ...
by Call_Me_Op
Mon Jul 16, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 137
Views: 8472

Re: Why own a bed?

A bed

1.) Looks better

2.) Keeps you away from dust, bugs, and other critters

3.) Is easier to get into and out of (when you get older and stiff)

5.) Is probably more comfortable due to the compliance of the box spring
by Call_Me_Op
Sat Jul 14, 2018 7:05 am
Forum: Investing - Theory, News & General
Topic: Historical U.S. Portfolio Disasters — Wrapping It All Up
Replies: 32
Views: 2376

Re: Historical U.S. Portfolio Disasters — Wrapping It All Up

Very nice Todd. Always enjoy and appreciate your posts.
by Call_Me_Op
Sat Jul 14, 2018 6:47 am
Forum: Investing - Theory, News & General
Topic: Bucket Portfolio article by Christine Benz
Replies: 85
Views: 6284

Re: Bucket Portfolio article by Christine Benz

If one thinks about it, what Christine is describing is essentially the same as the balanced bogleheads portfolios we discuss regularly here. I see no fundamental differences. This is not a criticism in any way. But the one potentially misleading aspect is that she describes the buckets with a time ...
by Call_Me_Op
Fri Jul 13, 2018 8:33 am
Forum: Investing - Theory, News & General
Topic: Saving 20% of paycheck isn't enough
Replies: 91
Views: 10727

Re: Saving 20% of paycheck isn't enough

A guideline such as "save 10% -20% of your paycheck for retirement" is meaningless. What you need to save is an amount of money that is a certain multiple of your initial annual living expenses. This could translate to savings of less than 10% of your salary or greater than 100%.
by Call_Me_Op
Thu Jul 12, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Tick Tubes and boxes. Permethrin Fipronil
Replies: 22
Views: 1766

Re: Tick Tubes and boxes. Permethrin Fipronil

Hello people. I just bought a property out in the country I plan on retiring on in 10 years. My GF is currently renting it from me and we have noticed allot of ticks since she moved in probably because there are allot of field mice and deer in the area. Just to be clear, are you noticing them insid...
by Call_Me_Op
Tue Jul 10, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 169
Views: 12065

Re: Expected returns for 80/20 stock bond for next 10 years.

FIREchief wrote:
Tue Jul 03, 2018 11:48 pm
[Exactly. A: stay the course, B: nobody knows nothing
That would mean that everybody knows something.
by Call_Me_Op
Tue Jul 10, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 169
Views: 12065

Re: Expected returns for 80/20 stock bond for next 10 years.

averagedude wrote:
Tue Jul 03, 2018 1:16 pm
I can't believe Rick Ferri and all of you bogleheads saying to expect 5% nominal returns in the future. I guess i will have to sell my holdings and contact a SmartVestor Pro. Dave Ramsey says i should get 12%.
Not only that, but you'll get to work with someone who has the heart of a teacher.
by Call_Me_Op
Tue Jul 10, 2018 7:38 am
Forum: Investing - Theory, News & General
Topic: Street Smart bonds
Replies: 9
Views: 793

Re: Street Smart bonds

I hear warning bells going off (in addition to my usual tinnitus).
by Call_Me_Op
Mon Jul 09, 2018 6:42 am
Forum: Investing - Theory, News & General
Topic: Is it contradictory to be a Boglehead and have substantial allocation towards SCV?
Replies: 30
Views: 2224

Re: Is it contradictory to be a Boglehead and have substantial allocation towards SCV?

Thrifty, Let me repeat my original words, and then explain them - since you are not representing them accurately. "First, the assertion that SCV has under-performed the S&P500 over long time periods is flat-out wrong. There is a small cap premium and a value premium, and these are persistent and per...
by Call_Me_Op
Mon Jul 09, 2018 6:08 am
Forum: Investing - Theory, News & General
Topic: Is it contradictory to be a Boglehead and have substantial allocation towards SCV?
Replies: 30
Views: 2224

Re: Is it contradictory to be a Boglehead and have substantial allocation towards SCV?

ThriftyPhD wrote:
Sun Jul 08, 2018 6:18 pm
Call_Me_Op wrote:
Sun Jul 08, 2018 5:38 pm
Nobody has ever claimed that SCV will beat S&P 500 over every time period.
Well, you did.
Untrue. Please identify where I said that.
by Call_Me_Op
Sun Jul 08, 2018 5:38 pm
Forum: Investing - Theory, News & General
Topic: Is it contradictory to be a Boglehead and have substantial allocation towards SCV?
Replies: 30
Views: 2224

Re: Is it contradictory to be a Boglehead and have substantial allocation towards SCV?

First, the assertion that SCV has under-performed the S&P500 over long time periods is flat-out wrong. There is a small cap premium and a value premium, and these are persistent and pervasive (over long time periods). Look at the data yourself. Not that I'm against SCV, but there are some examples ...
by Call_Me_Op
Sun Jul 08, 2018 4:35 pm
Forum: Investing - Theory, News & General
Topic: Is it contradictory to be a Boglehead and have substantial allocation towards SCV?
Replies: 30
Views: 2224

Re: Is it contradictory to be a Boglehead and have substantial allocation towards SCV?

It seems to me that investing in SCV is completely contradictory for Bogleheads, particularly having a substantial allocation towards SCV. Aren't we Bogleheads supposed to believe in reversion to the mean, and that the past is not prologue? How do those who invest in SCV reconcile with those founda...
by Call_Me_Op
Fri Jul 06, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: Treasury Auction - Nobody Came: "Great T-Bill Massacre"
Replies: 145
Views: 11848

Re: Treasury Auction - Nobody Came: "Great T-Bill Massacre"

Another way to describe that is to say "The Market" wanted to buy $85 billion worth of notes. The Government only wanted to sell $35 Billion. It's a little more complicated than that, in that weaker demand can drive up rates. But in other fields, anything over 2.0 is considered a successful auction...
by Call_Me_Op
Fri Jul 06, 2018 6:37 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation once you reach your target
Replies: 42
Views: 3003

Re: Asset Allocation once you reach your target

I don't like the idea of "X years in expenses in bonds" (without some equities) because I would not want to be in my rocking chair watching my portfolio deplete toward zero. I would always keep some money in equities and view the portfolio as a whole, with the goal that the overall portfolio increas...
by Call_Me_Op
Fri Jul 06, 2018 6:25 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation once you reach your target
Replies: 42
Views: 3003

Re: Asset Allocation once you reach your target

Interesting question. I think in this case, one's willingness to take risk might trump the need to take risk. For me, equities in the range of 30%-40% would be as much as I could stomach - assuming I had more than enough. The other 60%-70% wold be in high quality short-intermediate bonds. I think wh...
by Call_Me_Op
Fri Jun 29, 2018 6:10 am
Forum: Investing - Theory, News & General
Topic: Emerging Markets in Bear Territory
Replies: 52
Views: 7123

Re: Emerging Markets in Bear Territory

If you do not know why you have tilted toward EM, you will have a hard time sticking with it.
by Call_Me_Op
Thu Jun 28, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 54
Views: 6680

Re: Umbrella Policy: Right amount for $7 mil net worth?

80-90% of personal umbrella claims are for auto accidents. If you almost never drive, don't own any dangerous pets, don't have any high risk hobbies, like boating or flying a private plane, and rent an apartment or condo, I question whether you need an umbrella policy at all. All insurance applies ...
by Call_Me_Op
Thu Jun 28, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 54
Views: 6680

Re: Umbrella Policy: Right amount for $7 mil Net Worth?

dgm wrote:
Wed Jun 27, 2018 6:57 pm
How does umbrella work?

If you have a 5 mil umbrella and a 7 mil net worth, are you still bankrupt if someone successfully sues for 12 million? or are you only liable for 2m and the insurance company for 5m
In that contrived scenario, you are out of luck.
by Call_Me_Op
Wed Jun 27, 2018 11:44 am
Forum: Investing - Theory, News & General
Topic: Is there a reversion to the mean for everything?
Replies: 29
Views: 1783

Re: Is there a reversion to the mean for everything?

As the title says, is there? I mean for example treasuries were the way to go to last years but lowering of interest rates surely helped their gains. Will there be a reversion to the mean when interest rates rise again? And will an investor be better off in a diversified index like total bond? No. ...
by Call_Me_Op
Wed Jun 27, 2018 8:17 am
Forum: Investing - Theory, News & General
Topic: Keeping up with inflation
Replies: 24
Views: 1850

Re: Keeping up with inflation

Balanced portfolio
by Call_Me_Op
Wed Jun 27, 2018 6:36 am
Forum: Personal Consumer Issues
Topic: Home AC filters - does MPR matter ? [Microparticle Performance Rating]
Replies: 16
Views: 1501

Re: Home AC filters - does MPR matter ?

Most of the cheap filters will do nothing for odors and gases. Why are you getting the filters?
by Call_Me_Op
Tue Jun 26, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Pre nups.
Replies: 54
Views: 5413

Re: Pre nups.

Honestly if I felt I needed a Pre-nup, or my potential spouse did. I'd suggest we remain friends with benefits. I disagree. The pre-nup is necessary unless you both start out with zero assets and liabilities. May well be true. But every time I have broached the topic with a prospective spouse, it h...
by Call_Me_Op
Tue Jun 26, 2018 11:41 am
Forum: Investing - Help with Personal Investments
Topic: 60/40 or 40/60?
Replies: 42
Views: 4555

Re: 60/40 or 40/60?

Hello. I'm 69. Retired. Live off SS and savings. Current investment allocation is 60 equities, 40 bonds. Thinking of reversing allocation to 60 bonds/40 stocks through midterms. Objective is to buy a little insurance for portfolio if tariff trade war deepens. Thoughts, please. That may be the right...
by Call_Me_Op
Tue Jun 26, 2018 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Pre nups.
Replies: 54
Views: 5413

Re: Pre nups.

Honestly if I felt I needed a Pre-nup, or my potential spouse did. I'd suggest we remain friends with benefits. I disagree. The pre-nup is necessary unless you both start out with zero assets and liabilities. May well be true. But every time I have broached the topic with a prospective spouse, it h...
by Call_Me_Op
Tue Jun 26, 2018 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Excess Liability
Replies: 10
Views: 815

Re: Excess Liability

Umbrella vs excess liability. Apologies if I used the incorrect term. Thanks for the suggestion to search the forum. I had not thought to do that nor do I recall ever seeing any post in that regard... UPDATE I did find an extensive discussion in another post. As for my details, I’ve gotten a quote ...
by Call_Me_Op
Mon Jun 25, 2018 9:09 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Long Term Factors
Replies: 27
Views: 2112

Re: Larry Swedroe: Long Term Factors

I have that Bernstein quote taped to the wall by my computer - lest I start to forget.
by Call_Me_Op
Mon Jun 25, 2018 9:06 am
Forum: Investing - Theory, News & General
Topic: What Now With Down 2018 Market
Replies: 32
Views: 6250

Re: What Now With Down 2018 Market

Duffydog, I assume that you are in the three fund portfolio because you feel you need/want to risk some of your money in the hope of higher return. There is no reason why you cannot replace the bond portion with CDs, although you do lose the ability to conveniently rebalance. From your post, it soun...
by Call_Me_Op
Sun Jun 24, 2018 6:03 am
Forum: Investing - Theory, News & General
Topic: Factor Investing Makes Someone Money, But Maybe Not You
Replies: 126
Views: 9072

Re: Factor Investing Makes Someone Money, But Maybe Not You

Factor investing is complex and the “optimal” way to do it is always changing because there is no optimal way that can be known in advance. The idea that factor premiums can be predicted is a fallacy. The small cap premium was discovered in the 1970s... and has been dead ever since. Stock market re...
by Call_Me_Op
Thu Jun 21, 2018 6:44 am
Forum: Investing - Help with Personal Investments
Topic: How do you decide when to break a CD?
Replies: 7
Views: 654

Re: How do you decide when to break a CD?

Normally, one sets-up a bond (or CD) ladder with the intention of holding the securities to maturity, and rolling them over. Otherwise, it is hard to maintain the ladder. Only you can decide if the small amount of savings is worth the hassle.
by Call_Me_Op
Wed Jun 20, 2018 6:37 am
Forum: Investing - Theory, News & General
Topic: To bond barbell or not to barbell, that is the question
Replies: 6
Views: 1355

Re: To bond barbell or not to barbell, that is the question

. But if the yield curve inverts and long term bonds yield less than short term, does the bond barbell still provide any value at all? Of course it does - the long bonds increase in value. If you want, you can sell them at a profit and buy short bonds, whose yields are higher. That said, studies ha...
by Call_Me_Op
Tue Jun 19, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: Bill Bernstein's 8:4:5:3 ratio
Replies: 21
Views: 2786

Re: Bill Bernstein's 8:4:5:3 ratio

When you have been investing for a while, you realize that matching specific ratios is really not important. If I like a set of risky asset classes, I like to keep things simple and divide equally among them.
by Call_Me_Op
Tue Jun 19, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 75
Views: 6996

Re: What does it mean: Rule No. 1: Never lose money

Don't know how you can make any (real) money without risking some loss.
by Call_Me_Op
Tue Jun 19, 2018 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Shorting Amazon
Replies: 44
Views: 4357

Re: Shorting Amazon

I am getting the itch to short Amazon. I have been watching it for a while and now that it has crossed 1700, I don't really see much upside in that stock. Interesting that you think you can predict the direction of a specific stock - when nobody else seems able to do so with any degree of reliabili...
by Call_Me_Op
Sun Jun 17, 2018 5:54 am
Forum: Investing - Help with Personal Investments
Topic: CD ladders vs bond funds
Replies: 5
Views: 963

Re: CD ladders vs bond funds

Sounds like a lot of aggravation for little if any benefit - unless perhaps if you are dealing with 6+ figures.
by Call_Me_Op
Sat Jun 16, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: Are Bogleheads smarter than the bond market?
Replies: 40
Views: 4321

Re: Are Bogleheads smarter than the bond market?

There is a lot of talk recently about shifting to shorter duration bonds because interest rates are going up. Do we know something that is not already known by everyone else buying and selling bonds? Do we have information not already priced into the bonds? "The market is smarter than you are" was ...
by Call_Me_Op
Thu Jun 14, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: What do brokerages get out of incentives?
Replies: 7
Views: 722

Re: What do brokerages get out of incentives?

I have accounts with two brokerages, but no real preference. About once a year, they offer me a significant incentive to transfer stock to them. So I move stocks around. It takes 10 minutes and it very profitable. (Well, the return on capital is not big, but in terms of $/hour...) As they must know...
by Call_Me_Op
Thu Jun 14, 2018 6:51 am
Forum: Investing - Help with Personal Investments
Topic: Maintaining TIAA Traditional after moving substantial holdings to Vanguard
Replies: 2
Views: 294

Re: Maintaining TIAA Traditional after moving substantial holdings to Vanguard

Retiring after years of contributions to TIAA, we’ve noticed that we’re paying a lot more in expense ratios than we would if we were invested in Vanguard. So we’re thinking about moving some of ours funds to Vanguard but retaining with TIAA, in each account, the Traditional holdings plus some cushi...
by Call_Me_Op
Wed Jun 13, 2018 7:35 am
Forum: Investing - Theory, News & General
Topic: The Deep History of Stock & Bond Returns
Replies: 75
Views: 5344

Re: The Deep History of Stock & Bond Returns

The bond returns extrapolate to about zero real in the 2000's. Maybe Buffett is right. But the point is that keeping ahold of your assets at low risk is still a necessary part of wealth management. Fortunately people get to make a choice anywhere along that continuum they want to go. Indeed. I hold...
by Call_Me_Op
Tue Jun 12, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: The Deep History of Stock & Bond Returns
Replies: 75
Views: 5344

Re: The Deep History of Stock & Bond Returns

The obvious take away is not to assume more than 2% real for bonds - which you should not be assuming anyway.
by Call_Me_Op
Tue Jun 12, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 9072

Re: The end of indexing?

I am sticking to my plan.
by Call_Me_Op
Tue Jun 12, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: When everyone invests passively...
Replies: 10
Views: 1849

Re: When everyone invests passively...

Question is irrelevant, since this will never happen. The system is self-correcting. As more people index, exploitable inefficiencies increase, which draws investors into active trading
by Call_Me_Op
Tue Jun 12, 2018 7:05 am
Forum: Investing - Theory, News & General
Topic: Do Small Caps Outperform?
Replies: 61
Views: 4089

Re: Do Small Caps Outperform?

Why do people keep saying that small cap overperforms large cap? The small cap universe has lost to the large cap universe since the establishment of the Russell 2000 index. (I understand that the S&P 500 is not exactly the large cap universe, but I tried comparing the CRSP US Large Cap index to th...
by Call_Me_Op
Mon Jun 11, 2018 7:34 am
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 150
Views: 22547

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

AlphaLess wrote:
Sat Jun 09, 2018 2:55 am
One criticism I have of Buffet is that he hoards cash.
Keeping that cash uninvested is basically a foregone opportunity.
Simply: it is a drag on performance.
Seems to have worked-out OK for him.
by Call_Me_Op
Mon Jun 11, 2018 6:43 am
Forum: Investing - Help with Personal Investments
Topic: Strategy for a prolonged bear market
Replies: 65
Views: 5603

Re: Strategy for a prolonged bear market

In the event of a prolonged bear market (define the timeframe as you will), does your Investment Policy Statement (IPS) contain a strategy beyond "stay the course" and "rebalance by directing funds to the decreased asset"? I'm just curious if other Bogleheads have adopted lesser discussed strategie...
by Call_Me_Op
Sun Jun 10, 2018 6:48 am
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 150
Views: 22547

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

Perhaps it would help if you do not consider bonds an investment, but instead, protection against catastrophic loss. If you really want to invest all of your money in vehicles having high expected return, you need to accept the possibility of catastrophic loss. I think of catastrophic loss like bro...