Search found 489 matches

by Anon9001
Mon Jul 13, 2020 1:06 pm
Forum: Non-US Investing
Topic: Is home country bias justifiable in my case?
Replies: 21
Views: 982

Re: Is home country bias justifiable in my case?

I personally would keep limit assets to home country depending on how stable the country is. Is your country having lots of crime and having lots of political changes in short time? If so consider having only 20% of your assets in your home country. If your country is very stable politically and hav...
by Anon9001
Mon Jul 13, 2020 11:25 am
Forum: Investing - Theory, News & General
Topic: Why is the stock market up? [thread multi-merge]
Replies: 514
Views: 18565

Re: How is this possible -- stock market continues to soar.

It is basic really the Index Funds you are owning had high weightage in Tech which thrived in this crisis for obvious reasons. If you had invested in NASDAQ you would have thought there was no crisis. It goes to show sector weights are important. In my local country we did not have many tech stocks ...
by Anon9001
Mon Jul 13, 2020 11:15 am
Forum: Non-US Investing
Topic: portfolio construction
Replies: 15
Views: 760

Re: portfolio construction

Totally agree, but dont you think if that happens in us than same would happen in EU? And another thing - now is a very weird time in terms of valuations being high, covid, earnings down.. doesnt feel right to invest now.. Maybe. Although the companies are very different. If you are over-weighted U...
by Anon9001
Mon Jul 13, 2020 10:48 am
Forum: Non-US Investing
Topic: portfolio construction
Replies: 15
Views: 760

Re: portfolio construction

Russia has extremely high currency, political, risks and thats the last place and currency i want to hold my money. 7 years ago dollar was worth 30 rubles, now 70, two months ago 80. I am extremely happy with all my money in dollars. Me and my family owns property in russia and thats more than enou...
by Anon9001
Mon Jul 13, 2020 10:25 am
Forum: Non-US Investing
Topic: portfolio construction
Replies: 15
Views: 760

Re: portfolio construction

If you live in Russia and invest in local companies, you still have to pay dividend taxes no matter what. There's no way to avoid them. That is assuming local dividends are taxed at the same rate as DWT. If that is the case the only risk for OP is currency risk which should not be under-estimated. ...
by Anon9001
Mon Jul 13, 2020 10:10 am
Forum: Non-US Investing
Topic: portfolio construction
Replies: 15
Views: 760

Re: portfolio construction

The US is only 56% of world market cap, why do you want to have it at 90% of your stocks? Especially when you are concerned that US stocks are overvalued. Just go with VT or VWRD and chill. Maybe you are right, but ive always thought of US as a best country to invest your money, their economy is st...
by Anon9001
Sun Jul 12, 2020 1:41 pm
Forum: Investing - Theory, News & General
Topic: Gold as Part of a Portfolio?
Replies: 137
Views: 6086

Re: Gold as Part of a Portfolio?

Two important points to keep in mind. the worst period of inflation in the United States, since the inception of the CPI in 1913, occurred during a period of time when the dollar was on the gold standard. So gold does not protect purchasing power as reliably as people say. (I have heard gold advoca...
by Anon9001
Fri Jul 10, 2020 2:43 pm
Forum: Investing - Theory, News & General
Topic: Does minimum volatility give better returns?
Replies: 72
Views: 7539

Re: Does minimum volatility give better returns?

I'm having trouble figuring out what to compare VMVFX with. Its about 50/50 US/International. Weirdly, Morningstar puts it in the "World Small/Mid Stock" category, and yet says it is "Large blend" style. That seems a little troubling, by the way, as index funds aren't supposed to show style drift. ...
by Anon9001
Fri Jul 10, 2020 10:42 am
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 213
Views: 16358

Re: What is the best financial decision you ever made?

Playing video games in my spare time. The biggest problem for me was how much tinkering I done with my portfolio depending on how the market is moving. I now only look at my portfolio once every two weeks.
by Anon9001
Fri Jul 10, 2020 9:48 am
Forum: Investing - Theory, News & General
Topic: Gold as Part of a Portfolio?
Replies: 137
Views: 6086

Re: Gold as Part of a Portfolio?

It depends what country you are living in whether it is having high interest rates or low interest rates. I find it funny that most of the posters here are living in USA being so anti-Gold with the 30 year bond rates there being below 2%. In a high interest rate country like mine I find Gold to be u...
by Anon9001
Fri Jul 10, 2020 9:41 am
Forum: Investing - Theory, News & General
Topic: "Are You Questioning Your Foreign Stock Funds?"
Replies: 55
Views: 5958

Re: "Are You Questioning Your Foreign Stock Funds?"

Regardless of the merits of international equities one should not abandon a idea because it has poor past performance. The key word is past performance. Japan had impressive returns before going belly up in 1980s that I would be tempted if I lived there at the time to not even have any Ex-Japan inve...
by Anon9001
Wed Jul 08, 2020 3:15 pm
Forum: Investing - Theory, News & General
Topic: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?
Replies: 358
Views: 18982

Re: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?

Long term growth is not guaranteed. Not even for your local equity investments. We could have decade long stagnation event for equities. It would not even surprise me considering the huge amount of negative yielding bonds. Considering this it is prudent to diversify beyond equities to bonds and gold...
by Anon9001
Wed Jun 17, 2020 9:13 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15688

Re: Ditching International

This tracking error risk mentioned by OP should be noted for people recommending large allocations to foreign equities for Ex-US investors. Could a person really stay the course if their local index outperformed their global market cap portfolio by so much that they would be tempted to completely se...
by Anon9001
Mon Jun 15, 2020 11:47 am
Forum: Non-US Investing
Topic: 65/35 funds India. Free lunch for International Diversification.
Replies: 8
Views: 1225

Re: 65/35 funds India. Free lunch for International Diversification.

Have you looked at Vested.com? You can invest in a S&P500 ETF directly from India. There is a tax issue with that as stated before. Also currency conversion charges. Also I don't like investing in only US stocks. Sure they are multi-nationals but Indian stock market ALSO have companies with foreign...
by Anon9001
Wed Jun 10, 2020 1:56 am
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 229
Views: 12053

Re: Paul Tudor: Compelling case for bitcoin ?

The good ones should be decentralized to prevent government shutdown and also to have no counterprty risk and I found out DAI. This is a stablecoin that is built in Ethereum Blockchain. The collateral is cryptocurrencies like ETH,BAT,BTC but also some stablecoins like USDC and TUSD. The earlier ver...
by Anon9001
Tue Jun 09, 2020 9:22 am
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 229
Views: 12053

Re: Paul Tudor: Compelling case for bitcoin ?

I am coming back to this thread with new information. There is new exciting cryptos like Stablecoins which do not fluctuate in value like Bitcoins. The biggest one is Tether although that has counterparty risk (You have to trust Tether that 1 USDT=1USD) and possibly being prone to shut-down by US Go...
by Anon9001
Tue Jun 02, 2020 12:36 am
Forum: Investing - Theory, News & General
Topic: Wall Street bets international stocks will top US equities in 2020 after a decade-long slump
Replies: 189
Views: 16380

Re: Wall Street bets international stocks will top US equities in 2020 after a decade-long slump

Will certainly be funny to see all the US only performance chasers start switching to international and making threads questioning why any one would need to invest in US at all :D Maybe you'll be right. But don't hold your breath. International stock has generally lagged U.S. for more than 30 years...
by Anon9001
Sun May 31, 2020 11:41 am
Forum: Investing - Theory, News & General
Topic: Index Investing and the U.S.-China Great Power Struggle
Replies: 54
Views: 3016

Re: Index Investing and the U.S.-China Great Power Struggle

I am confused on why you should care about 13% of your Ex-US funds being in China. Most of the people here have a strong home bias to USA so that effectively means China would be 1-5% of their portfolios.
by Anon9001
Thu May 28, 2020 7:29 am
Forum: Investing - Theory, News & General
Topic: S&P500 vs World Performance
Replies: 195
Views: 13227

Re: S&P500 vs World Performance

The bigger issue is not the number of stocks or whether the stock is domiciled in Brussels or New York or Delhi but rather that the portfolio is highly concentrated in stocks itself. Most of the people here take risk in equity side only so that means the portfolio will have a 0.95 Correlation or 95%...
by Anon9001
Thu May 28, 2020 2:11 am
Forum: Investing - Theory, News & General
Topic: Goldman-Sachs Compares Bitcoin to the Tulip Bubble
Replies: 58
Views: 3871

Re: Goldman-Sachs Compares Bitcoin to the Tulip Bubble

The weird thing is why you assume Bitcoin enthusiants would care about a Bank calling their investment bad. I do go to cryptocurrencies forum from time to time and they are another universe compared to here. They share a lot in common with Gold enthusiasts in their hatred of fiat currencies and cent...
by Anon9001
Wed May 27, 2020 8:46 am
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 79
Views: 4267

Re: Bogleheads: What is your largest single stock holding? (if any)

Central Depository Services Limited. It has 7% of my total assets. This company is operating in a duopoly market and is having zero debt and good ROE. This company is a bet on the financialization of Indian savings. Most of India people is invested in Physical Gold and Real Estate and not invested i...
by Anon9001
Mon May 25, 2020 12:14 pm
Forum: Investing - Theory, News & General
Topic: Will the US become like Japan?
Replies: 68
Views: 5359

Re: Will the US become like Japan?

If there is a US premium we should MSCI ACWI Ex USA Growth to trade at a discount to MSCI USA. It does not: MSCI USA MSCI ACWI Ex USA Growth The MSCI USA trades at premium to the MSCI ACWI Ex USA index due to the much higher Financials weightage in the later. The investors do not seem to be bidding ...
by Anon9001
Mon May 25, 2020 9:33 am
Forum: Investing - Theory, News & General
Topic: Will the US become like Japan?
Replies: 68
Views: 5359

Re: Will the US become like Japan?

The relative success of the U.S. stock market should not lead folks to believe that the U.S. economy is somehow exceptional or immune to the global demographic and secular forces impacting the rest of the world. In fact, U.S. economic growth has been decelerating for six decades, right along with t...
by Anon9001
Sun May 24, 2020 7:27 am
Forum: Investing - Theory, News & General
Topic: Do you hold commodities?
Replies: 26
Views: 1734

Re: Do you hold commodities?

I hold a Gold Bond (tracks the price of Gold) which pays interest. It is backed by Government and capital gains are tax exempt at maturity. I do not hold other commodities. I also have 1% of my assets in Physical Gold.
by Anon9001
Fri May 22, 2020 11:38 am
Forum: Non-US Investing
Topic: 65/35 funds India. Free lunch for International Diversification.
Replies: 8
Views: 1225

65/35 funds India. Free lunch for International Diversification.

These funds invest 65/35 into Domestic and Internationational Equities. They are taxed as Domestic equity funds due to Indian tax laws stating Domestic fund is one that invests 65% of the funds assets into domestic equity assets: Parag Parikh Long Term Equity Fund Axis Growth Opps Fund Aditya Birla ...
by Anon9001
Fri May 22, 2020 10:58 am
Forum: Personal Investments
Topic: Should We Our Shorten Bond Duration?
Replies: 44
Views: 2903

Re: Should We Our Shorten Bond Duration?

Bogleheads prefer to take risk on the equity side. I consider EM bonds to be very "equity-like". At 50% equities we don't want more equity-like risk. If we did we'd just hold more stocks. Our currency is tied to the USD. For us the only inflation rate that matters is the USD CPI. Right but you dokn...
by Anon9001
Fri May 22, 2020 10:43 am
Forum: Personal Investments
Topic: Should We Our Shorten Bond Duration?
Replies: 44
Views: 2903

Re: Should We Our Shorten Bond Duration?

Excellent question. We live in Costa Rica. A "dessert province " of our regional hegemon: the USA. When the USA government tells CR to jump we only ask "how high sir"? Our economy is the size of the Oklahoma City metropolitan area. Which is number 100 in the USA. Our currency is tied to the USD. Ou...
by Anon9001
Fri May 22, 2020 10:04 am
Forum: Personal Investments
Topic: Should We Our Shorten Bond Duration?
Replies: 44
Views: 2903

Re: Should We Our Shorten Bond Duration?

The inflation rate for your country is much higher than USA so the question is why are you using USA bonds in the first place?
https://fred.stlouisfed.org/series/FPCPITOTLZGCRI#0

https://fred.stlouisfed.org/series/FPCPITOTLZGUSA
by Anon9001
Fri May 22, 2020 7:25 am
Forum: Personal Investments
Topic: Chasing Individual Stocks
Replies: 60
Views: 3849

Re: Chasing Individual Stocks

The biggest bargains are in micro cap/small caps stocks where retail investors are more prominent in setting the prices of the securities. I would not waste my time on buying a large cap stock regardless of how quality it is due to the intense competition for alpha in that space among professionals....
by Anon9001
Thu May 21, 2020 2:12 am
Forum: Personal Investments
Topic: Why international?
Replies: 636
Views: 42111

Re: Why international?

The history of World GDP does need to be looked at. The USA and Europe dominance are a abbreviation in World history and it does seem like we are seeing mean reversion happening with China's GDP now over-taking Eurozone's GDP and close to USA's GDP. India is going to take more time but I expect by 2...
by Anon9001
Wed May 20, 2020 2:14 pm
Forum: Personal Investments
Topic: Why international?
Replies: 636
Views: 42111

Re: Why international?

I wonder if most U.S.-only investors think that the U.S. is safer or riskier. The market seems to think as much. At the risk of having my post deleted as 'too political', I'll offer my view... I definitely think the US is safer than, say, Russia, China, India (with their caste system of society sti...
by Anon9001
Wed May 20, 2020 1:14 pm
Forum: Investing - Theory, News & General
Topic: Is Disney the most tempting value stock?
Replies: 223
Views: 13672

Re: Is Disney the most tempting value stock?

whereskyle wrote:
Wed May 20, 2020 12:57 pm
Anon9001 wrote:
Tue May 19, 2020 11:16 am
Hmm why not just buy a call option if it is going to be tiny portion of portfolio?
Where does one buy a call option?
Your broker would most likely offer it. Mine has it although I am in India so it might different for you.
by Anon9001
Wed May 20, 2020 12:32 pm
Forum: Investing - Theory, News & General
Topic: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“
Replies: 138
Views: 9241

Re: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“

Furthermore, I’m concerned about holding any China based on the share dilution concerns I learned about... Are other countries doing this as well? Do we need to research Emerging Markets more thoroughly before investing in them with index funds? A Forum discussion from a few years ago on this topic...
by Anon9001
Wed May 20, 2020 7:05 am
Forum: Personal Investments
Topic: Why international?
Replies: 636
Views: 42111

Re: Why international?

Here is a performance chart of three total market index funds since the earliest possible inception date for comparison. M* Chart Link The inception date of Vanguard Total Bond Market Index Fund (VBTLX) was 12/11/1986. The inception date of Vanguard Total Stock U.S. Stock Market Index Fund (VTSAX) ...
by Anon9001
Tue May 19, 2020 1:33 pm
Forum: Investing - Theory, News & General
Topic: First 20% of bonds in long-term Treasuries
Replies: 881
Views: 59695

Re: First 20% of bonds in long-term Treasuries

Should non-Americans have the bulk of their bonds in LT treasuries? You should IMO, at least that 20% Currency risk is small, sine LTT have high volatility and when in conjunction with stocks, volatility still gets higher In my mind, exchange beteween major currencies like EUR/DOLLAR is about 8%, s...
by Anon9001
Tue May 19, 2020 11:16 am
Forum: Investing - Theory, News & General
Topic: Is Disney the most tempting value stock?
Replies: 223
Views: 13672

Re: Is Disney the most tempting value stock?

Hmm why not just buy a call option if it is going to be tiny portion of portfolio?
by Anon9001
Tue May 19, 2020 11:06 am
Forum: Personal Investments
Topic: Why international?
Replies: 636
Views: 42111

Re: Why international?

Jack Bogle has often said maybe there is a reason international stocks are priced so low. Well thats a pretty dumb quote. If I said, "well maybe there's a REASON Microsoft is such an underperformer" back in 2011, after a 10 year CAGR of less than 4%, a lot of people would have agreed. They'd make u...
by Anon9001
Tue May 19, 2020 10:55 am
Forum: Investing - Theory, News & General
Topic: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“
Replies: 138
Views: 9241

Re: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“

I am fairly confused that Malkiel keeps recommending China yet ignores India. The ERP for India is much higher than China while being safer politically. You also have much lower amount of state owned companies in India's index compared to China's.
by Anon9001
Tue May 19, 2020 10:34 am
Forum: Investing - Theory, News & General
Topic: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“
Replies: 138
Views: 9241

Re: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“

It does make sense to look at the numbers before assuming our opinions on a given country we have never been set foot in is correct.:http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/ctryprem.html The ERP for it is 7.30% compared to 6.01% for USA. The country risk premium is 1.29% for it ...
by Anon9001
Tue May 19, 2020 10:32 am
Forum: Non-US Investing
Topic: My higher risk portfolio: seeking advice
Replies: 14
Views: 1239

Re: My higher risk portfolio: seeking advice

Emergency funds: 3 years of living expenses that covers rent, food bills the whole lot in a high interest savings account of 2.05% Debt: 0 Tax filing status: Single Tax rate: n/a currently a student for the next 3 years State: NSW, Australia Asset allocation is currently allocated as follows. I am ...
by Anon9001
Tue May 19, 2020 9:31 am
Forum: Investing - Theory, News & General
Topic: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“
Replies: 138
Views: 9241

Re: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“

It does make sense to look at the numbers before making assumptions.:http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/ctryprem.html The ERP for it is 7.30% compared to 6.01% for USA. The country risk premium is 1.29% for it compared to 0% for USA. The risks for investing in China is over-...
by Anon9001
Tue May 19, 2020 8:37 am
Forum: Investing - Theory, News & General
Topic: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“
Replies: 138
Views: 9241

Re: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“

I would be very careful of putting money into a country that both political parties in your country (am assuming USA) dislike. They could suddenly restrict inflows to that country and your investments will become a sunk cost. It is is not impossible. The rhetoric as a outsider is becoming like Sovie...
by Anon9001
Mon May 18, 2020 12:58 pm
Forum: Investing - Theory, News & General
Topic: Which one is better EM bonds or EM equities or both?
Replies: 41
Views: 1784

Re: Which one is better EM bonds or EM equities or both?

Firstly for a diversification benefit EM stocks are garbage. They have high correlation to your stocks (I am assuming you are living in USA as most of the posts here are from USA). EM bonds though have much lower correlation to your stocks in that they provide significant benefits when US markets go...
by Anon9001
Mon May 18, 2020 12:06 pm
Forum: Non-US Investing
Topic: What is the theory behind setting equity allocation to Global Cap Weight?
Replies: 9
Views: 637

Re: What is the theory behind setting equity allocation to Global Cap Weight?

In the 80s you would have had 38-45% of your equities in Japan only to see it go down the drain. The USA is 55% of cap-weight now by global cap weighting you are putting 55% of your equity exposure in one country. Who is to say it can't end up like Japan? The Japanese had multi-nationals too. That ...
by Anon9001
Mon May 18, 2020 9:53 am
Forum: Non-US Investing
Topic: What is the theory behind setting equity allocation to Global Cap Weight?
Replies: 9
Views: 637

Re: What is the theory behind setting equity allocation to Global Cap Weight?

In the 80s you would have had 38-45% of your equities in Japan only to see it go down the drain. The USA is 55% of cap-weight now by global cap weighting you are putting 55% of your equity exposure in one country. Who is to say it can't end up like Japan? The Japanese had multi-nationals too. That ...
by Anon9001
Mon May 18, 2020 9:34 am
Forum: Non-US Investing
Topic: What is the theory behind setting equity allocation to Global Cap Weight?
Replies: 9
Views: 637

What is the theory behind setting equity allocation to Global Cap Weight?

In the 80s you would have had 38-45% of your equities in Japan only to see it go down the drain. The USA is 55% of cap-weight now by global cap weighting you are putting 55% of your equity exposure in one country. Who is to say it can't end up like Japan? The Japanese had multi-nationals too. That d...
by Anon9001
Sun May 17, 2020 2:10 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 229
Views: 12053

Re: Paul Tudor: Compelling case for bitcoin ?

Which countries are not allowed to use SWIFT? Iran is one example. You can't send wire transfers to that country. So the case for Bitcoin rests on sending money to the largest state sponsor of terrorism in the world. There are other countries like North Korea too. Honestly this is very bullish for ...
by Anon9001
Sun May 17, 2020 1:55 pm
Forum: Personal Investments
Topic: Jettison QSPIX?
Replies: 64
Views: 4764

Re: Jettison QSPIX?

Honestly you people are very lucky to get hedge fund products at low expense ratios. The biggest flaw with hedge funds is their expense. With developed market bonds becoming more and more of a money sink it is wise to use it as a replacement for bond allocation. The past performance of bonds are gre...
by Anon9001
Sun May 17, 2020 1:47 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 229
Views: 12053

Re: Paul Tudor: Compelling case for bitcoin ?

After giving it more thought the SWIFT arguement is the most bullish case for Bitcoin. As long as it is not neutral system the Bitcoins value will be above 0 due to countries who are not allowed to use SWIFT using Bitcoin to move money across borders. Which countries are not allowed to use SWIFT? I...
by Anon9001
Sun May 17, 2020 1:28 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 229
Views: 12053

Re: Paul Tudor: Compelling case for bitcoin ?

After giving it more thought the SWIFT arguement is the most bullish case for Bitcoin. As long as it is not neutral system the Bitcoins value will be above 0 due to countries who are not allowed to use SWIFT using Bitcoin to move money across borders. Which countries are not allowed to use SWIFT? I...