Search found 63 matches

by statefan03
Thu Jan 21, 2021 1:18 pm
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 189
Views: 44264

Re: 2nd million is easier!

Munger's exact words were "the first $100,000 is a b****". LOL.
by statefan03
Tue Sep 29, 2020 1:34 pm
Forum: Investing - Theory, News & General
Topic: Why invest in CDs instead of target retirement funds?
Replies: 43
Views: 3522

Re: Why invest in CDs instead of target retirement funds?

In what situations should one keep money in CD's or high yield savings account vs. a target retirement fund? All of my 401k ($900k ) is in target retirement funds. I have around $800k in high yield savings account earning a meager 0.6%. Should I put this in a target retirement fund? Fidelity offers...
by statefan03
Thu Sep 17, 2020 3:27 pm
Forum: Investing - Theory, News & General
Topic: VTI vs VOO vs VV tax impact?
Replies: 20
Views: 2143

Re: VTI vs VOO vs VV tax impact?

I prefer Morningstar's 3-year Tax Cost Ratio. Example: https://www.morningstar.com/etfs/arcx/vti/price Morningstar doesn't always know about qualified dividends (as you can see because it often gives different tax costs for ETF and Admiral shares of the same Vanguard fund); it's better to get tax i...
by statefan03
Wed Sep 16, 2020 11:32 am
Forum: Investing - Theory, News & General
Topic: VTI vs VOO vs VV tax impact?
Replies: 20
Views: 2143

Re: VTI vs VOO vs VV tax impact?

I prefer Morningstar's 3-year Tax Cost Ratio. Example:
https://www.morningstar.com/etfs/arcx/vti/price
by statefan03
Mon Sep 14, 2020 1:54 pm
Forum: Personal Investments
Topic: Safer investments for 8m over 2-3 years?
Replies: 28
Views: 2912

Re: Safer investments for 8m over 2-3 years?

For 3-5 years, probably a 20% equity / 80% fixed income investment mix would be good. Something like
FIKFX - Fidelity Freedom Index Income Fund
https://fundresearch.fidelity.com/mutua ... /315792150

I'm sure Vanguard has an equivalent.
by statefan03
Fri Sep 11, 2020 7:43 am
Forum: Personal Investments
Topic: Is it Possible to Opt-out of Fidelity Premium Services?
Replies: 37
Views: 4141

Re: Is it Possible to Opt-out of Fidelity Premium Services?

Premium Services gives you the "Performance Tab" which others don't see. It has some useful information.
by statefan03
Tue Sep 08, 2020 12:22 pm
Forum: Personal Investments
Topic: A Low-Cost Diversified Emergency Fund Strategy
Replies: 25
Views: 2376

Re: A Low-Cost Diversified Emergency Fund Strategy

Thanks for the responses thus far. My question was more focused on given the decision to use a fund like this as the EF, what are the pros/cons to investing in the individual backing funds directly instead of the single fund provided by Fidelity. Has anyone done this? Are the tax benefits worth the ...
by statefan03
Tue Sep 08, 2020 7:35 am
Forum: Personal Investments
Topic: A Low-Cost Diversified Emergency Fund Strategy
Replies: 25
Views: 2376

A Low-Cost Diversified Emergency Fund Strategy

Hello Bogleheads, First time starting a topic and I'd like your feedback. I'm planning to move our 1-year expenses Emergency Fund from a Marcus online savings account to a new brokerage account at Fidelity. I have seen a lot of recommendations about using FIKFX (Fidelity Freedom Index Income Fund) f...
by statefan03
Thu Sep 03, 2020 1:43 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 7348
Views: 719559

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

No activity on this thread today? TQQQ is down %15. Curious how all you guys are doing today.
by statefan03
Mon Aug 31, 2020 7:42 am
Forum: Investing - Theory, News & General
Topic: To International Index Fund or Not
Replies: 19
Views: 1587

Re: To International Index Fund or Not

"Instead of trying to find the needle in the haystack, just buy the haystack". Right?

What if the needle is Nestle or Alibaba?
by statefan03
Mon Aug 31, 2020 7:39 am
Forum: Personal Investments
Topic: Way too much cash - Should it be in bond funds?
Replies: 77
Views: 9151

Re: Way too much cash - Should it be in bond funds?

What about FIKFX (Fidelity Freedom Index Income Fund)?
https://fundresearch.fidelity.com/mutua ... /315792150

20% Stocks / 80% Fixed Income (Bonds,Tips)
by statefan03
Sat Aug 29, 2020 5:58 am
Forum: Investing - Theory, News & General
Topic: Biggest regrets and advice for newbies.
Replies: 59
Views: 8218

Re: Biggest regrets and advice for newbies.

Investing in too many funds and individual stocks.
by statefan03
Sat Aug 29, 2020 5:57 am
Forum: Investing - Theory, News & General
Topic: "Jack Bogle's Simple Advice for Investors"
Replies: 60
Views: 6432

Re: "Jack Bogle's Simple Advice for Investors"

abuss368 wrote: Fri Aug 28, 2020 10:58 pm Thanks Taylor. Interesting Mr. Bogle recommended 20% of portfolio to international and not 20% of stocks.
To clarify, he said 20% should be a LIMIT, not his recommendation.
by statefan03
Sat Aug 29, 2020 5:52 am
Forum: Personal Investments
Topic: What to do with $150K Bonus?
Replies: 31
Views: 3620

Re: What to do with $150K Bonus?

My question is if you have a $150K take home (after tax) bonus then what profession is this, I need to switch careers... :happy
by statefan03
Wed Aug 26, 2020 8:03 am
Forum: Investing - Theory, News & General
Topic: A Beater Truck and a FAT 401k...
Replies: 104
Views: 10558

Re: A Beater Truck and a FAT 401k...

Check out "The Millionaire Next Door"
by statefan03
Mon Aug 24, 2020 10:01 am
Forum: Personal Investments
Topic: Does Fidelity have a performance view?
Replies: 68
Views: 11221

Re: Does Fidelity have a performance view?

Just got off the phone with Fidelity.

They are only offering this if you are are a Premium Services member, or a Wealth Management member. The Premium Services $250K requirement does not include any 401K plans managed by Fidelity.
by statefan03
Sat Aug 22, 2020 6:29 am
Forum: Investing - Theory, News & General
Topic: Fidelity: Successful investors forget they have an account
Replies: 53
Views: 10079

Re: Fidelity: Successful investors forget they have an acco

Fama: "Your money is like soap - the more you handle it the less you have." Good one. A couple others from Ben Graham. A long-term investor is the only kind of investor there is. If you find yourself trading more than twice a year, or spending more than 1-2 hours per month looking at your...
by statefan03
Sat Aug 22, 2020 6:21 am
Forum: Personal Investments
Topic: Chasing Individual Stocks
Replies: 76
Views: 5962

Re: Chasing Individual Stocks

TSLA at $2048 :shock: Perhaps I should've bought TSLA instead of all the non-performing garbage I have in my portfolio (Total International, S&P 600, Total Bond etc.), frustrating. Hindsight is easy. The question is will TSLA outperform a broad market index fund over the remainder of your inves...
by statefan03
Sat Aug 08, 2020 12:43 pm
Forum: Investing - Theory, News & General
Topic: Think no one can beat the index?
Replies: 158
Views: 15585

Re: Think no one can beat the index?

The PDF is making unfair comparisons. As an example, it's comparing GFA, a growth fund, to the S&P 500. Of course it wins because Growth has dominated. If you compare it to Vanguard's or Schwab's Growth funds which track the Russell 1000 Growth index, it underperforms. https://www.portfoliovisua...
by statefan03
Mon Aug 03, 2020 6:27 am
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 279
Views: 15558

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

Rick,

thanks for doing these podcasts. One suggestion is to add a brief description of what the topics being discussed will be to the text.
by statefan03
Mon Jul 27, 2020 1:28 pm
Forum: Investing - Theory, News & General
Topic: Are you adjusting your REIT Allocation?
Replies: 69
Views: 6440

Re: Are you adjusting your REIT Allocation?

REITs should be added (if you choose) because of their non-correlation with stocks and bonds. https://www.portfoliovisualizer.com/asset-correlations?s=y&symbols=VTSMX+VBMFX+VGTSX+VGSIX&timePeriod=2&tradingDays=60&months=36 Over the last 24 years, it's correlation with US Stocks is 0....
by statefan03
Tue Jul 07, 2020 11:00 am
Forum: Personal Investments
Topic: Do you ever feel you've missed out due to the 3-fund portfolio?
Replies: 125
Views: 10083

Re: Do you ever feel you've missed out due to the 3-fund portfolio?

If you look at the financials for Tesla it doesn't look like a good investment. Negative ROIC, negative Profit Margin, and a P/E of almost 400.
by statefan03
Mon Jul 06, 2020 8:23 am
Forum: Personal Investments
Topic: Bond Alternatives in the time of Zero rates
Replies: 151
Views: 14744

Re: Bond Alternatives in the time of Zero rates

I'm looking at equity bond substitutes. Stable dividend paying stocks like Utilities, Banks, and Telecommunications are favorably priced right now.
by statefan03
Fri Jun 12, 2020 6:07 am
Forum: Investing - Theory, News & General
Topic: Fidelity lets clients now trade fractional shares of stocks and ETFs
Replies: 209
Views: 22749

Re: Fidelity lets clients now trade fractional shares of stocks and ETFs

The page https://www.fidelity.com/trading/fractional-shares now has additional information and says "Fractional share trading is available through the Fidelity mobile app, only" (the word "only" added) so they're doubling down on only making it available by mobile app (4 1/2 mon...
by statefan03
Fri Jun 12, 2020 6:04 am
Forum: Investing - Theory, News & General
Topic: Any reason for 5% cash in a long-term portfolio?
Replies: 58
Views: 5180

Re: Any reason for 5% cash in a long-term portfolio?

It's handy to have cash ready to go in the event a market correction happens and you want to buy something.
by statefan03
Fri Jun 12, 2020 6:01 am
Forum: Personal Investments
Topic: VTSAX or/and Dividend Stocks
Replies: 9
Views: 885

Re: VTSAX or/and Dividend Stocks

Check out VIG. (Vanguard Dividend Appreciation ETF). It's performed better than VYM (Vanguard High Dividend Yield) and has a higher Sharpe Ratio than VTSAX. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2020&lastMonth=...
by statefan03
Thu Jun 11, 2020 6:41 am
Forum: Investing - Theory, News & General
Topic: Thoughts on International Index Funds
Replies: 36
Views: 2905

Re: Thoughts on International Index Funds

Tamalak wrote: Wed Jun 10, 2020 10:48 am Bad reason to include international:
Low P/E or CAPE ratio
That's a good reason actually. Your getting more earnings for your price.
by statefan03
Wed Jun 10, 2020 10:16 am
Forum: Investing - Theory, News & General
Topic: Thoughts on International Index Funds
Replies: 36
Views: 2905

Re: Thoughts on International Index Funds

A lot of folks probably wish they had Emerging Markets from 2000 - 2010 when it returned 10.6% compared to 1.2% for the US Stock Market. https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&startYear=2000&firstMonth=1&endYear=2010&lastMo...
by statefan03
Wed Jun 10, 2020 6:25 am
Forum: Investing - Theory, News & General
Topic: In which type of account should I do my active trading?
Replies: 22
Views: 1612

Re: In which type of account should I do my active trading?

My thought is tax-free. I don't have to worry about the taxes if I want to sell and switch to another position. I've allocated a maximum of $10K to this. My rule is that of any gains I do make, 50% go into my core index fund strategy. And if I do lose, I can never buy more beyond my original $10K in...
by statefan03
Wed Jun 10, 2020 6:15 am
Forum: Investing - Theory, News & General
Topic: Sector funds that track an index
Replies: 4
Views: 416

Re: Sector funds that track an index

The recommendation is a broad, diversified, low cost index fund.

But yes, a sector fund like VITAX is an index fund. It's in the name. :happy
by statefan03
Tue Jun 09, 2020 11:03 am
Forum: Investing - Theory, News & General
Topic: First 20% of bonds in long-term Treasuries
Replies: 927
Views: 70110

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

I used to be all in on the LTT approach, because who could argue with the returns? But after doing more research, I'd rather just own a Total Bond fund which has various durations, a mix of Treasuries and Corporate Bonds, and even around 10% foreign bonds. One fund, so much easier, and helps with th...
by statefan03
Tue Jun 09, 2020 10:27 am
Forum: Personal Investments
Topic: Chasing Individual Stocks
Replies: 76
Views: 5962

Re: Chasing Individual Stocks

To the OP, I see where you are coming from. I find it 'fun' evaluating various sectors and companies, trying to find durable sustainable companies on sale or likely to go up. I also find myself becoming addicted to it and agree with the thought that it's too time consuming for what I really want to ...
by statefan03
Tue Jun 09, 2020 7:55 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle: Most People Don't Like to Buy and Hold
Replies: 5
Views: 1520

Re: Jack Bogle: Most People Don't Like to Buy and Hold

Resolution on that video really takes you back.
by statefan03
Mon Jun 08, 2020 3:37 pm
Forum: Personal Investments
Topic: VGT vs VTI
Replies: 43
Views: 5592

Re: VGT vs VTI

Back in the 90's or 2000's I enjoyed a 5+ year ride with a heavy position in the Vanguard Health Care fund. If my memory serves well, it outperformed the overall market for many years but has not over the past 10+ years. Healthcare has outperformed over the last 15 years, 10 years, and 5 years. htt...
by statefan03
Mon Jun 08, 2020 3:34 pm
Forum: Personal Investments
Topic: VGT vs VTI
Replies: 43
Views: 5592

Re: VGT vs VTI

VGT is the most expensive of the core ETFs you can invest in right now in terms of book value and cash flows. Just FYI. Symbol ETF Name P/E P/BV P/CF VFH Vanguard Financials ETF 10.06 1.03 0 VXUS Vanguard Total International Stock ETF 13.94 1.35 8 VDE Vanguard Energy ETF 14.49 1.0 4.21 VIS Vanguard ...
by statefan03
Mon Jun 08, 2020 2:19 pm
Forum: Personal Investments
Topic: Target Date worth it?
Replies: 21
Views: 2216

Re: Target Date worth it?

My problem with the Target Date fund is they are too heavy in International Stocks and have zero International Bonds. Overall it's a great product but I'd rather customize those ratios myself, and save a few ER points in the process. If you are in a taxable account then they make a lot of sense so ...
by statefan03
Mon Jun 08, 2020 1:44 pm
Forum: Personal Investments
Topic: Target Date worth it?
Replies: 21
Views: 2216

Re: Target Date worth it?

My problem with the Target Date fund is they are too heavy in International Stocks and have zero International Bonds. Overall it's a great product but I'd rather customize those ratios myself, and save a few ER points in the process. If you are in a taxable account then they make a lot of sense so y...
by statefan03
Tue Jun 02, 2020 3:05 pm
Forum: Investing - Theory, News & General
Topic: Suggestions for taxable (Fidelity)
Replies: 12
Views: 1046

Re: Suggestions for taxable (Fidelity)

In a taxable account, you might want to consider fund turnover. These offer the lowest turnover and expense ratios that I've been able to find at Fidelity. US FXAIX FNILX FZROX International FSPSX FZILX For Bonds you'll definitely want to pay closer attention to the taxes. International bonds are ta...
by statefan03
Tue Jun 02, 2020 1:07 pm
Forum: Investing - Theory, News & General
Topic: 60
Replies: 152
Views: 13243

Re: Investing in International Stocks

John Bogle said that total return had two parts: 1) Investment Return and 2) Speculative Return. Investment Return is dividends and earnings growth. Speculative Return is change in P/E, i.e. change in valuation. I thought I would look to see how much of TR for the various countries was due to chang...
by statefan03
Mon Jun 01, 2020 4:10 pm
Forum: Investing - Theory, News & General
Topic: 60
Replies: 152
Views: 13243

Re: Investing in International Stocks

That's what I was saying earlier. When you buy the haystack, most of the stocks are losers. But the small number of winners make up for all the losers and you come out ahead. This is like betting on every horse in a race. You are guaranteed to have a winning ticket. But it doesn't work at the race ...
by statefan03
Mon Jun 01, 2020 10:30 am
Forum: Investing - Theory, News & General
Topic: The efficient frontier and bond allocation
Replies: 9
Views: 1068

Re: The efficient frontier and bond allocation

Since 2002, a 100/0, 80/20, and 60/40 have all yielded 7.x%. The std.dev is way down with bonds and the sharpe ratio is higher. Food for thought. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2020&lastMonth=12&cale...
by statefan03
Wed May 27, 2020 8:15 am
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 79
Views: 4441

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

1. What is your largest single stock holding? 2. What % of your portfolio is in this company? 3. What is your reason for keeping this holding? (capital gain, belief in the company, etc.) Altria(MO) 0.33% of portfolio Dividends I looked at Altria due to a stellar dividend. However it looks way too r...
by statefan03
Sat May 23, 2020 10:17 am
Forum: Investing - Theory, News & General
Topic: Warren Buffett "Most People Shouldn't Pick Individual Stocks"
Replies: 36
Views: 2867

Re: Warren Buffett "Most People Shouldn't Pick Individual Stocks"

From the 1996 Shareholders meeting: Diversification is protection against ignorance because if you want to make sure that nothing bad happens to you relative to the market, you own everything. There's nothing wrong with that, and it is a perfectly sound approach for someone who does not understand h...
by statefan03
Fri May 22, 2020 4:28 pm
Forum: Investing - Theory, News & General
Topic: Where to park cash in Fidelity?
Replies: 94
Views: 11733

Re: Where to park cash in Fidelity?

To the original topic, a couple funds to consider. FIPDX - tips FUMBX - short term treasuries FUAMX - intermediate treasuries all would be state tax exempt. How does this address the original topic? Is there any place in Fidelity that would function as a high yield savings account or money market f...
by statefan03
Thu May 21, 2020 1:56 pm
Forum: Personal Investments
Topic: Bond questions: Adding foreign bonds? Bond Tax implication
Replies: 9
Views: 396

Re: Bond questions: Adding foreign bonds? Bond Tax implication

I don't understand the foreign bond hate. Higher return, lower std.dev., higher sharpe ratio. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmo...
by statefan03
Wed May 20, 2020 4:50 pm
Forum: Investing - Theory, News & General
Topic: Where to park cash in Fidelity?
Replies: 94
Views: 11733

Re: Where to park cash in Fidelity?

To the original topic, a couple funds to consider.

FIPDX - tips
FUMBX - short term treasuries
FUAMX - intermediate treasuries

all would be state tax exempt.