Search found 3881 matches

by iceport
Mon Aug 20, 2018 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Fund placement
Replies: 10
Views: 583

Re: Fund placement

If the bonds are in tax advantaged accounts, and at some point in the future the stock funds increased in value, you would need to rebalance. At that point, would you open a bond fund in the taxable account, so you could rebalance? You could. The problem with taxable bonds in a taxable account is t...
by iceport
Mon Aug 20, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Fund placement
Replies: 10
Views: 583

Re: Fund placement

Based on our 3 accounts, we would like your opinion on how to structure the allocations among the accounts. The way I see it, there would be just about enough room in both IRA accounts to hold only the bonds, and that would put all of the SWTSX & SWISX in the joint taxable account. I’m not sure tha...
by iceport
Mon Aug 20, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7341

Re: Why the Yale Endowment Hate? [Request for portfolio help]

OP, have you read this short booklet from Bill Bernstein?

If You Can: How Millennials Can Get Rich Slowly

I highly recommend it for you, not to advocate the 3-fund portfolio it uses as an example, but because its lessons are valid no matter what portfolio you use.
by iceport
Mon Aug 20, 2018 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7341

Re: Why the Yale Endowment Hate? [Request for portfolio help]

Not to be a spoil-sport, and I'm glad to see the debate, but please help me keep this thread on track, and in response to my initial question :D . Hi mbenoit116, You've been very patient with us. We're not always so self-indulgent. But I do hope you are finding some nuggets of wisdom, even in our d...
by iceport
Mon Aug 20, 2018 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7341

Re: "Tips--Why Not?"

I know this was not your intention, but these last two charts make a good visual argument for why people need bonds. Some investors just can't seem to get the fact that bonds can outperform stocks at times - even a decade or more. These charts show that well. Right? I did a double-take on those too...
by iceport
Sun Aug 19, 2018 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7341

Re: Why the Yale Endowment Hate? [Request for portfolio help]

Thanks for the explanation! It makes more sense than the image that popped into my head, in which I take on the persona of your conscience, and you take on the persona of the devil on your shoulder, mocking all that is right and just, and egging us on to give in to all of our wanton desires. :shock:...
by iceport
Sun Aug 19, 2018 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7341

Re: Why the Yale Endowment Hate? [Request for portfolio help]

Well, thanks for the laugh, nedsaid. Honestly, though, I'm not picking up on your point.
by iceport
Sun Aug 19, 2018 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7341

Re: Why the Yale Endowment Hate?

However, for many years it was also nearly as common to see recommendations for splitting the bond allocation 50/50 with TIPS. I guess you're right, I haven't seen that recommendation for quite some time. The question is why not ? What has changed? Do we have some new information that wasn't availa...
by iceport
Sun Aug 19, 2018 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7341

Re: Why the Yale Endowment Hate?

However, for many years it was also nearly as common to see recommendations for splitting the bond allocation 50/50 with TIPS. I guess you're right, I haven't seen that recommendation for quite some time. The question is why not ? What has changed? Do we have some new information that wasn't availa...
by iceport
Sun Aug 19, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 42
Views: 3150

Re: Buy back service time on pension

Has anyone filed suit over that provision? No lawsuits in my state! The staff of the various unions were all in favor of giving up pension benefits. (There was a larger political objective for them, and offering up cuts to the benefits of those they represented was seen as necessary to achieve that...
by iceport
Sun Aug 19, 2018 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: dollar cost averaging
Replies: 14
Views: 1302

Re: dollar cost averaging

Welcome to the forum, RTL! There seems to be some analysis that we will be in for a bear market soon thus a dollar cost average may help me manage future regrets if a bull market happens. Well, I wouldn't give much credence to being able to predict a bear market. And I think you meant to say "if a b...
by iceport
Sun Aug 19, 2018 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7341

Re: "Tips--Why Not?"

For many years it was also nearly as common to see recommendations for splitting the bond allocation 50/50 with TIPS. I guess you're right, I haven't seen that recommendation for quite some time. The question is why not? iceport: The answer: Whichever asset-class is doing poorly is seldom recommend...
by iceport
Sun Aug 19, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7341

Re: Why the Yale Endowment Hate?

However, for many years it was also nearly as common to see recommendations for splitting the bond allocation 50/50 with TIPS. I guess you're right, I haven't seen that recommendation for quite some time. The question is why not ? What has changed? Do we have some new information that wasn't availa...
by iceport
Sun Aug 19, 2018 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 42
Views: 3150

Re: Buy back service time on pension

TheDDC, I think we're largely in agreement. The only point I might quibble about is this one: The retirement age, again, only pertains to those of a retired status, not for those yet to be retired. That's not consistent with my understanding that normal retirement age is part of the core protected p...
by iceport
Sun Aug 19, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7341

Re: Why the Yale Endowment Hate?

20% in real estate is pretty darn high. Nobody, not even Swenson as I recall, recommends that these days. Well, yes and no. Yes, he suggested revisions in interviews and at least one presentation that would boost the published model portfolio EM allocation by 5% of the portfolio and trim the REIT a...
by iceport
Sat Aug 18, 2018 3:47 pm
Forum: Investing - Theory, News & General
Topic: Diversification
Replies: 13
Views: 733

Re: Diversification

Sounds like a butchered version of a Peter L. Bernstein quote:

"You're not truly diversified until you own something that you're really uncomfortable with."
by iceport
Sat Aug 18, 2018 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic Investment in a Taxable Account
Replies: 20
Views: 1806

Re: Automatic Investment in a Taxable Account

The commission free ETFs in my Roth IRA have been set up with three fund portfolios suggested here. It used to be Vanguard ETFs until they were not commission free at TD Ameritrade any more. If I do open a taxable account, the set up will be very similar. This is not a good idea if it will result i...
by iceport
Sat Aug 18, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 617
Views: 36935

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

No place like home? That brings me to the contention that U.S. stocks are both safer and sure to outperform over the long term. I find this bizarre. Remember, these comments are coming from folks who have drunk the Kool-Aid, accepted that markets are efficient and banked their life’s savings on ind...
by iceport
Sat Aug 18, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Automatic Investment in a Taxable Account
Replies: 20
Views: 1806

Re: Automatic Investment in a Taxable Account

1- I would not do automatic taxable investing. Otherwise how will you TLH? Right. You especially want to turn off automatic reinvestment of dividends. I don't want to derail the thread, but investing automatically, say monthly, in a taxable account is still compatible with TLH. In the worst case, t...
by iceport
Sat Aug 18, 2018 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Automatic Investment in a Taxable Account
Replies: 20
Views: 1806

Re: Automatic Investment in a Taxable Account

1- I would not do automatic taxable investing. Otherwise how will you TLH? Right. You especially want to turn off automatic reinvestment of dividends. I don't want to derail the thread, but investing automatically, say monthly, in a taxable account is still compatible with TLH. In the worst case, t...
by iceport
Sat Aug 18, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Yogi said it. It must be true.
Replies: 21
Views: 2506

Re: Yogi on Investing

FBN2014 wrote:
Sat Aug 18, 2018 8:31 am
Yogi Berra has been quoted many times in the forums but a recent article by Vanguard really highlights how wise he was.

https://investornews.vanguard/major-lea ... al-errors/
Someone beat you to the post: Yogi said it. It must be true.
by iceport
Sat Aug 18, 2018 8:39 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 617
Views: 36935

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Jonathan Clements on the Humble Dollar regarding this very subject. http://www.humbledollar.com/2018/08/newsletter-no-30/ "YOU CAN’T GET high returns without taking high risk—and yet many investors believe that U.S. stocks are not only safer than foreign shares, but also pretty much guaranteed to o...
by iceport
Sat Aug 18, 2018 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Automatic Investment in a Taxable Account
Replies: 20
Views: 1806

Re: Automatic Investment in a Taxable Account

We would like to set up an automatic investment plan in a taxable account. I have several questions on what I should do. We prefer ETF over mutual funds since it is more tax-efficient. However, I could not find any company offering automatic investment plan of ETF without a fee. On the other hand, ...
by iceport
Fri Aug 17, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting international funds at Fidelity
Replies: 12
Views: 658

Re: Tax loss harvesting international funds at Fidelity

It is advisable to use pairs of index funds for TLH that follow different indexes. The good faith interpretation of the wash sale rules that two index funds tracking slightly different indexes are not substantially identical is a fairly mainstream view. From the Journal of Financial Planning: The la...
by iceport
Fri Aug 17, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Spreadsheet Question
Replies: 10
Views: 940

Re: Spreadsheet Question

Calculating the XIRR over the lifetime is easy in a single spreadsheet as shown above with list of dated inflows, outflows and the current balance as a negative with today's date. I haven't found a good way to arrange the data to calculate IRR for each individual calendar year, even though I have a...
by iceport
Fri Aug 17, 2018 11:53 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Betting Against Beta
Replies: 12
Views: 1424

Re: Larry Swedroe: Betting Against Beta

Thanks for your explanation, ThrustVectoring. I must admit, much of it went over my head and I don't want to spend the time to figure it out. So I guess I'll just file this ("BAB") away as a new thing that I might see again sometime. Is it just me, or do many of Larry's research reviews have the pot...
by iceport
Fri Aug 17, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Stable Value Funds vs Bond Fund
Replies: 13
Views: 882

Re: Stable Value Funds vs Bond Fund

It really depends. What is the yield of the stable value fund? Are there any other fees in the 401k? I kept a substantial portion of my portfolio in my former employer's plan to keep access to the stable value fund with a decent yield. If the yield was only 1.5% I would definitely take a pass and r...
by iceport
Fri Aug 17, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Deferred Compensation 457b FICA and Medicare Taxes
Replies: 5
Views: 245

Re: Deferred Compensation 457b FICA and Medicare Taxes

NotWhoYouThink wrote:
Fri Aug 17, 2018 8:26 am
Yes, FICA and Medicare were (or should have been) withheld at the time of deferral.
That's definitely the way it worked for me.
by iceport
Fri Aug 17, 2018 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Stable Value Funds vs Bond Fund
Replies: 13
Views: 882

Re: Stable Value Funds vs Bond Fund

It really depends. What is the yield of the stable value fund? Are there any other fees in the 401k? I kept a substantial portion of my portfolio in my former employer's plan to keep access to the stable value fund with a decent yield. If the yield was only 1.5% I would definitely take a pass and ro...
by iceport
Fri Aug 17, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 42
Views: 3150

Re: Buy back service time on pension

I know some may fantasize about breaking pension promises because of some sort of mislead beliefs. The only legal changes that have and are able to be made are for future employees who are not in the system. -TheDDC That statement seems a bit too broad. Here is a quick list of some of the promises ...
by iceport
Thu Aug 16, 2018 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting international funds at Fidelity
Replies: 12
Views: 658

Re: Tax loss harvesting international funds at Fidelity

Could purchases of shares in a 401k account trigger wash sales for funds in a taxable account or are they mutually exclusive? I say no, but others would disagree. To me since the 401k is owned by the employer, not you, it doesn't have the same "wash rule" problem. It's debatable, unlike IRAs, which...
by iceport
Thu Aug 16, 2018 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 42
Views: 3150

Re: Buy back service time on pension

Dottie57 wrote:
Thu Aug 16, 2018 5:23 pm
Cities can go bankrupt. Counties can go bankrupt. I assume that states can do so.
Not without new laws and new court decisions. A concise summary: 3 Questions on State Bankruptcy
by iceport
Thu Aug 16, 2018 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7341

Re: Why the Yale Endowment Hate?

Ending a sentence with a preposition? Damn! That is the sort of thing up with which I will not put! Not that there's anything wrong with that... https://blog.oxforddictionaries.com/2011/11/28/grammar-myths-prepositions/ https://www.merriam-webster.com/words-at-play/prepositions-ending-a-sentence-with
by iceport
Thu Aug 16, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 42
Views: 3150

Re: Buy back service time on pension

A State can’t print money like the Federal govt can. I think they can go broke. Hi Dottie57, I don't think that's correct. I'm no lawyer, but I've looked into it a little. My understanding is that there is no legal mechanism for states to declare bankruptcy. Municipalities, yes. Counties, apparentl...
by iceport
Thu Aug 16, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Wife got a new job! Please evaluate my portfolio...
Replies: 24
Views: 1928

Re: Wife got a new job! Please evaluate my portfolio...

I will keep the 4% fixed account with no fees at Voya. Although I wonder if I should have a 50/50 split of bond funds between Vanguard and Voya. When markets fall, bonds rise. Right? Would it be better to have a 50/50 split? A bond fund's response to a stock market crash depends on the bonds it hol...
by iceport
Thu Aug 16, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Betting Against Beta
Replies: 12
Views: 1424

Re: Larry Swedroe: Betting Against Beta

His findings have important implications for investors, in particular that, when past returns are high, the risks of owning high-beta stocks significantly increase. Mutual fund investors should be sure they understand their fund’s level of exposure to market beta after periods of strong performance...
by iceport
Thu Aug 16, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Wife got a new job! Please evaluate my portfolio...
Replies: 24
Views: 1928

Re: Wife got a new job! Please evaluate my portfolio...

So a final thought. How are you modeling you pension in your AA? The PV of a 70K pension is 1.37M (70K@3%@30y) about twice number you gave us for you nest egg. (and this may be low as you may qualify for a higher pension and you spouse may also get a pension) Treating your pension as a Bond in you ...
by iceport
Wed Aug 15, 2018 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation across 401k/taxable/Roth ira
Replies: 3
Views: 295

Re: Asset allocation across 401k/taxable/Roth ira

There's a lot that's missing from this picture. Are there any added fees in the 401k, or do you just pay the expense ratio of the funds you use? Do you already have, separately, an adequate emergency fund? What are your tax brackets? Yes, you have it right that once you have a new account with all s...
by iceport
Wed Aug 15, 2018 11:40 am
Forum: Personal Consumer Issues
Topic: Sidewalk repair - price in line?
Replies: 32
Views: 1954

Re: Sidewalk repair - price in line?

I am missing something here. Who owns this sidewalk? Where we are (northeast), the municipality owns sidewalks that run parallel to the street. I guess that it’s different in southern Florida. It might not be different in FL. In CT sidewalks are practically always located in the public ROW. That me...
by iceport
Tue Aug 14, 2018 8:04 pm
Forum: Personal Consumer Issues
Topic: Sidewalk repair - price in line?
Replies: 32
Views: 1954

Re: Sidewalk repair - price in line?

The quoted price does not seem too far out of whack to me. I do agree that you should seek more quotes. Also, try to aggregate as much work as possible with your neighbors to benefit from the economy of scale. A small, isolated batch of Portland cement concrete could be inconvenient for many contrac...
by iceport
Tue Aug 14, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: VTSAX, rebalancing...market crash question
Replies: 14
Views: 1780

Re: VTSAX, rebalancing...market crash question

At the risk of monopolizing the responses, I'll chime in again... What are some of your most recommended investment books/blogs? One of the very best introductory pieces — and this one's geared specifically towards younger investors — is Bill Bernstein's If You Can, available for free PDF download h...
by iceport
Tue Aug 14, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: VTSAX, rebalancing...market crash question
Replies: 14
Views: 1780

Re: VTSAX, rebalancing...market crash question

I could put 20% into bonds. :thumbsup But I do have a question on that. Would the plan be to have the 20% there for when the inevitable downturn happens and then reallocate to equities after the dip (how can you call that?) or just leave it there and re-evaluate at some point down the line? The way...
by iceport
Tue Aug 14, 2018 9:12 am
Forum: Investing - Help with Personal Investments
Topic: SCZ
Replies: 8
Views: 1753

Re: SCZ

10 years in, SCV (Intl Developed Markets Small-Cap) has beaten both in absolute terms and on a risk-adjusted basis: VSS (Developed & EM Small Cap) EFA (Developed Markets Large and Mid Cap) VTIAX (Developed & EM All Cap) All this despite a high (0.4) ER. I’m gonna make this one 50% of my internation...
by iceport
Tue Aug 14, 2018 3:00 am
Forum: Investing - Help with Personal Investments
Topic: Question about tax loss harvesing
Replies: 4
Views: 304

Re: Question about tax loss harvesing

Hi, currently I have about 10,000 in unrealized short term loss with VTIAX in my brokerage account. I plan to exchange it with VFWAX in that account to harvest the loss. Would this be the right fund to substitute it with? Also in my Fidelity 401k account, I am currently contributing to FTIPX, will ...
by iceport
Tue Aug 14, 2018 1:43 am
Forum: Investing - Theory, News & General
Topic: TLH partner for IXUS
Replies: 5
Views: 429

Re: TLH partner for IXUS

It looks like VXUS is an ideal TLH replacement for IXUS. They are both all-cap international funds that include both developed and emerging markets. But while IXUS tracks the MSCI ACWI ex USA IMI Index, VXUS tracks the FTSE Global All Cap ex US Index; that plus a few thousand more stocks in VXUS sho...
by iceport
Mon Aug 13, 2018 6:58 pm
Forum: Investing - Theory, News & General
Topic: [New Vanguard website layout starting Saturday, August 11]
Replies: 115
Views: 7673

Re: [New Vanguard website layout starting Saturday, August 11]

My "Account overview" page is now showing up to the minute values, whereas I used to have to go to "balances and holdings" page to get the most recent value. YES! I just noticed this too. This was obviously more than a cosmetic change. After 6 PM ET on days the market was open, the top "Account ove...
by iceport
Mon Aug 13, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: VTI vs VTSMX
Replies: 10
Views: 805

Re: VTI vs VTSMX

I understand that VTI is an ETF and VTSMX is a index fund and their performance is identical. My question is then, why would you not choose VTI with the lower fees? Because I would hope to be eligible for VTSAX soon. If I owned VTI, instead of automatically being converted to VTSAX, I'd be stuck in...
by iceport
Mon Aug 13, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: REIT placement... Why not a Roth? Why tax-deferred?
Replies: 25
Views: 1577

Re: REIT placement... Why not a Roth? Why tax-deferred?

I still say that's the wrong answer.

"Don’t gamble"; take all your savings and buy some good REIT, and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.
by iceport
Mon Aug 13, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: VTSAX, rebalancing...market crash question
Replies: 14
Views: 1780

Re: VTSAX, rebalancing...market crash question

I don't have the ability to contribute to a workplace plan right now. The company I work for is very small. So if I've maxed out my IRA, which is only 5.5k, is it not smart to just pump money into a brokerage account with VTSAX since the tax liability isn't severe? Yup, that's OK. That's a great fu...
by iceport
Mon Aug 13, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: VTSAX, rebalancing...market crash question
Replies: 14
Views: 1780

Re: VTSAX, rebalancing...market crash question

Welcome to the forum, eriister! You came to the right place. I'll start things off... Am I making sound decisions here? Well, from just what you posted, your commitment to saving and investing is excellent. I have a few comments and questions, which I’ll throw out in no particular order. Your choice...