Search found 33 matches

by AlwaysLearningMore
Fri Oct 16, 2020 11:02 am
Forum: Investing - Theory, News & General
Topic: Seriously, what is going on with international?
Replies: 216
Views: 19641

Re: Seriously, what is going on with international?

I'm just going to leave this here. Again. https://www.mymoneyblog.com/wordpress/wp-content/uploads/2017/11/us_intl_cycle-720x268.gif 2010-2019 https://i.postimg.cc/DzPWdBgj/2010-2019-comparison.jpg 2000-2009 comparison https://i.postimg.cc/d0y6sPJ7/2000-2009-comparison.jpg 1990's comparison https:/...
by AlwaysLearningMore
Tue Oct 13, 2020 12:45 pm
Forum: Personal Investments
Topic: Silly questions about Vanguard's "tiers"
Replies: 39
Views: 5531

Re: Silly questions about Vanguard's "tiers"

When Vanguard relinquishes administrative control of the Vanguard Variable Annuity, those assets will no longer be included in Vanguard AUM in calculating tier status.
by AlwaysLearningMore
Tue Oct 13, 2020 11:59 am
Forum: Investing - Theory, News & General
Topic: "Uneasy Lies The Head That Wears The Crown" by Jack Bogle
Replies: 13
Views: 2386

Re: "Uneasy Lies The Head That Wears The Crown" by Jack Bogle

absolute zero wrote: Tue Oct 13, 2020 11:34 am Too bad they couldn't pick a better title for the interview. The title they chose just seems a bit creepy to me.
It's actually a phrase that Mr. Bogle himself uses multiple times in Stay the Course.
by AlwaysLearningMore
Sun Oct 11, 2020 4:48 pm
Forum: Investing - Theory, News & General
Topic: Multiple advisers to Vanguard funds
Replies: 3
Views: 318

Re: Multiple advisers to Vanguard funds

Can you give an example of one fund? I'm curious. Vanguard Windsor II Fund https://tinyurl.com/y3lbj8nj Management Vanguard Windsor™ II Fund seeks long-term capital appreciation and income by investing in a broadly diversified portfolio of large- and mid-capitalization value stocks. The fund achiev...
by AlwaysLearningMore
Sun Oct 11, 2020 2:17 pm
Forum: Investing - Theory, News & General
Topic: "Uneasy Lies The Head That Wears The Crown" by Jack Bogle
Replies: 13
Views: 2386

Re: "Uneasy Lies The Head That Wears The Crown" by Jack Bogle

Mr. Larimore, I'm currently reading through Mr. Bogle's Stay the Course: The Story of Vanguard and the Index Revolution, and find it a fascinating historical recollection of his amazing financial career.
by AlwaysLearningMore
Sat Oct 10, 2020 4:25 pm
Forum: Investing - Theory, News & General
Topic: "Bonds as a way to generate cash if the stock market is in the toilet"
Replies: 93
Views: 5332

Re: "Bonds as a way to generate cash if the stock market is in the toilet"

2. Losing money I bonds: Can't lose money to inflation because it tracks inflation. It also can't go lower than what you initially paid. If they track inflation perfectly, then unless you are in a zero percent tax bracket when you cash in the bond, taxes will eat up a portion of the return. In an i...
by AlwaysLearningMore
Fri Oct 09, 2020 1:31 pm
Forum: Investing - Theory, News & General
Topic: Whence inflation?
Replies: 127
Views: 6811

Re: Whence inflation?

"The understatements in the consumer price index (CPI) are even more egregious. Years ago, the cost of living was changed to include "owner-equivalent rent," which sharply reduced the reported inflation rate during the recent housing boom. The concept of product substitution was also incorporated, m...
by AlwaysLearningMore
Fri Sep 25, 2020 2:36 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (July 2020)
Replies: 11
Views: 1484

Re: madsinger monthly report (July 2020)

Thank you very much for continuing this tracking. It takes time and skill, and your efforts are much appreciated.
by AlwaysLearningMore
Fri Sep 25, 2020 9:45 am
Forum: Investing - Theory, News & General
Topic: Myths of international investing - Fidelity
Replies: 202
Views: 12879

Re: Myth's of international investing - Fidelity

...Myth 2.... ... the absolute return of the globally balanced portfolio is almost level with that of the all-US portfolio, despite the recent multiyear rally in US stocks. And given the cyclicality of US and foreign stock returns, history suggests their relationship could revert to its historical ...
by AlwaysLearningMore
Fri Sep 25, 2020 8:54 am
Forum: Investing - Theory, News & General
Topic: Myths of international investing - Fidelity
Replies: 202
Views: 12879

Re: Myth's of international investing - Fidelity

Both Vanguard and Fidelity recommend international asset allocations, up to 50%. So who are you going to believe, them or some anonymous US only posters in this forum? Sorry, but this is a horrible argument. If you're going to argue from authority (which I'm not fond of), you should know that Bogle...
by AlwaysLearningMore
Thu Sep 24, 2020 2:59 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1230
Views: 131282

Re: Jack Bogle - Two Fund Portfolio

Bogleheads: When I was writing The Bogleheads' Guide to the Three-Fund Portfolio, I asked Mr. Bogle if he would write the Forward. He immediately replied "of course." I was thrilled. I sent Jack an advance copy of the book which included my recommendation for an international fund. He called me bac...
by AlwaysLearningMore
Thu Sep 24, 2020 2:40 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1230
Views: 131282

Re: Jack Bogle - Two Fund Portfolio

...I've never held Emerging Markets (they would never pass the sleep well at night test for me). I think we have just identified a new sleep disorder. :D I'd say get a sleeping pill and invest in the entire world. Taking drugs to sleep would bother me even more than buying whatever it is people thi...
by AlwaysLearningMore
Sat Sep 19, 2020 3:53 pm
Forum: Investing - Theory, News & General
Topic: Reasons to invest internationally, or not.
Replies: 191
Views: 10971

Re: Reasons to invest internationally, or not.

burritoLover wrote: Sat Sep 19, 2020 3:46 pm
AlwaysLearningMore wrote: Sat Sep 19, 2020 3:37 pm Some haystacks are better, more stable and safer to be around than others. Ask any farmer.

Image
They probably aren't very stable when they are abnormally large.
Something tells me you haven't lived on many farms.
by AlwaysLearningMore
Sat Sep 19, 2020 3:37 pm
Forum: Investing - Theory, News & General
Topic: Reasons to invest internationally, or not.
Replies: 191
Views: 10971

Re: Reasons to invest internationally, or not.

I sleep well at night holding world market cap. I never have to worry about US vs International. I have both and will ride both up and down. If I was all US, I sure as hell would worry. I can't imagine how I would have handled the lost decade for the US index. We get it. Your portfolio is superior....
by AlwaysLearningMore
Thu Sep 17, 2020 1:24 pm
Forum: Investing - Theory, News & General
Topic: EE Bonds and Sequence of Returns Risk
Replies: 56
Views: 4176

Re: EE Bonds and Sequence of Returns Risk

This is nothing new. Build Your Own Annuity And what if people were doing this way before that article came out? Hmm? The first post in this thread https://tinyurl.com/y2cy8ylr has the link to the 1984 New York Times article YOUR MONEY; SAVING BONDS AS AN ANNUITY which describes this approach. (For...
by AlwaysLearningMore
Mon Sep 14, 2020 7:34 pm
Forum: Investing - Theory, News & General
Topic: For those concerned about International Stocks...
Replies: 168
Views: 15851

Re: For those concerned about International Stocks...

If you truely believe in index investing, there is no way around VT. But if you base your SAA on past performance, why not just be 100% QQQ? Some haystacks are better, more stable and safer to be around than others. Ask any farmer. https://i.postimg.cc/Y0JJxG7d/Screen-Hunter-01-Sep-14-20-31.jpg
by AlwaysLearningMore
Mon Sep 14, 2020 7:08 pm
Forum: Investing - Theory, News & General
Topic: John C. Bogle exposed? No way! [Investing paper retracted]
Replies: 27
Views: 5852

Re: John C. Bogle exposed? No way!

Claudia Sahm was on Masters in Business podcast (Barry Ritholz) talking about replication problems in Economics. https://www.bloomberg.com/news/audio/2020-08-14/claudia-sahm-on-economic-policy-podcast Do economists routinely perform double-blind experiments to test hypotheses, and are those double-...
by AlwaysLearningMore
Sat Sep 12, 2020 3:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard International Bonds
Replies: 42
Views: 3520

Re: Vanguard International Bonds

Dr. Wm. Bernstein addressed international bonds in this interview: https://tinyurl.com/y6qp4fr9 ETF.com: One thing that puzzled me is that among your recommendations, I don’t see an international bond fund as part of the allocation—even one that’s currency-hedged. Why? Bernstein: Well, first, there ...
by AlwaysLearningMore
Fri Sep 11, 2020 5:32 pm
Forum: Investing - Theory, News & General
Topic: Questions to ask a prospective financial advisor
Replies: 112
Views: 5015

Re: Questions to ask a prospective financial advisor

This was from Paula Hogan (CFP)'s website, before she joined another firm. When shopping for a financial advisor, the most differentiating question consumers can ask is "Who regulates you?" • If the answer is the FINRA, you are talking with a broker, i.e. a sales person obligated by law to make fina...
by AlwaysLearningMore
Fri Sep 11, 2020 5:13 pm
Forum: Investing - Theory, News & General
Topic: International stock investing is industry diversification and style diversification
Replies: 92
Views: 7137

Re: International stock investing is industry diversification and style diversification

Mr. Bogle's take on a simplified investing strategy at the 2017 Bogleheads Confernce. Question and response start around 59:00. Question for Mr. Bogle: If I were to include Social Security as part of my fixed income, what would be wrong with holding the Balanced Index Fund for life? My plan is to pu...
by AlwaysLearningMore
Tue Sep 01, 2020 4:10 pm
Forum: Investing - Theory, News & General
Topic: Investors Were Warned.
Replies: 171
Views: 14460

Re: Investors Were Warned.

What Is Economics? Economics is the scientific study of the ownership, use, and exchange of scarce resources – often shortened to the science of scarcity. Economics is regarded as a social science because it uses scientific methods to build theories that can help explain the behaviour of individual...
by AlwaysLearningMore
Sat Aug 29, 2020 1:46 pm
Forum: Investing - Theory, News & General
Topic: "Jack Bogle's Simple Advice for Investors"
Replies: 60
Views: 6350

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

And for a comparison of two 60/40 (equity/FI) portfolios: LifeStrategy mod. growth VSMGX (holding both domestic and int'l stocks and bonds in the ratio currently proposed by VG) and Vanguard Balanced Index VBIAX, (holding US stocks and bonds) https://i.postimg.cc/Hnt4qdbK/LS-max.jpg https://i.postim...
by AlwaysLearningMore
Sat Aug 29, 2020 1:25 pm
Forum: Investing - Theory, News & General
Topic: "Jack Bogle's Simple Advice for Investors"
Replies: 60
Views: 6350

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

I cannot but help feel a slight tinge of sadness at the thought of all the great companies you're missing out on e.g. Nestle, Total SA, Novartis, AstraZeneca. (Fun fact: I took those names from Wellington Fund's portfolio holdings.) I will console myself at the thought of all the great US companies...
by AlwaysLearningMore
Mon Aug 10, 2020 5:11 pm
Forum: Investing - Theory, News & General
Topic: "The 'Train Wreck' Awaiting American Retirement"
Replies: 9
Views: 3859

Re: "The 'Train Wreck' Awaiting American Retirement"

Bogleheads: I accidently came across this 2013 Frontline Interview with our mentor, Jack Bogle. I rank it as one of his best: The 'Train Wreck' Awaiting American Retirement Thank you very much for post this link. Some sage words from Mr. Bogle: "And what it really is — when you look at IRA and 401(...
by AlwaysLearningMore
Thu Jul 30, 2020 7:38 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3546

Re: Increasing TSP Fund Expense Ratios

Let's set aside Fidelity's zero expense index funds for the moment. Let's look instead at Fidelity's regular, low expense index funds and compare them to the TSP. Fidelity 500 Index Fund (FXAIX) has an expense ratio of 0.015% versus the TSP C Fund's expense ratio of 0.042%. Fidelity Small Cap Index...
by AlwaysLearningMore
Mon Jul 27, 2020 6:14 pm
Forum: Investing - Theory, News & General
Topic: EE Bonds as period certain annuity - revisited
Replies: 15
Views: 1507

Re: EE Bonds as period certain annuity - revisited

I don't really like the narrow view of comparing EE bonds to any other 20-year investment. EE bonds are specialized instruments for investors that can guarantee they will not have liquidity issues for the next 20 years. With life annuities offering significantly more lifetime utility and bonds bein...
by AlwaysLearningMore
Mon Jul 27, 2020 1:56 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3546

Re: Increasing TSP Fund Expense Ratios

Fidelity Zero Total Market Index Fund (FZROX) has an expense ratio of 0.00 percent. Fidelity Zero International Index Fund (FZILX) has an expense ratio of 0.00 percent. Fidelity US Bond Index Fund (FXNAX) has an expense ratio of 0.025 percent. Vanguard Total Stock Market EFT (VTI) has an expense ra...
by AlwaysLearningMore
Mon Jul 27, 2020 12:13 pm
Forum: Investing - Theory, News & General
Topic: Article claiming 401k no longer "makes sense"
Replies: 74
Views: 7994

Re: Article claiming 401k no longer "makes sense"

Can a family with 120% of the median family income that doesn't pay any income tax contribute 2 x $6,000 to Roth IRAs? Where would they get the money to do that? ... Give up internet, Netflix, cable TV? It looks like forgoing cable TV might make sense for those who want to save more for retirement....
by AlwaysLearningMore
Mon Jul 27, 2020 10:49 am
Forum: Investing - Theory, News & General
Topic: EE Bonds as period certain annuity - revisited
Replies: 15
Views: 1507

Re: EE Bonds as period certain annuity - revisited

Forget about the CPI over the past 20 years. An easier and more useful comparison would to use the cost of buying an annuity starting in 20 years instead of the cost if it began today . Immediate Annuities shows that $1,667 per month for 20 years beginning in 20 years would cost $183,419. This work...
by AlwaysLearningMore
Mon Jul 27, 2020 8:34 am
Forum: Investing - Theory, News & General
Topic: EE Bonds as period certain annuity - revisited
Replies: 15
Views: 1507

Re: EE Bonds as period certain annuity - revisited

The "if you had brought EE bonds for the last 20 years" argument sounds like market timing and survivorship bias to me. EE bonds are essentially long term bonds with a twist. The past 20 years, the interest rate declined steeply. In that environment, it is no surprise that EE bonds performed well. ...
by AlwaysLearningMore
Sun Jul 26, 2020 11:41 pm
Forum: Investing - Theory, News & General
Topic: EE Bonds as period certain annuity - revisited
Replies: 15
Views: 1507

Re: EE Bonds as period certain annuity - revisited

Under the EE annuity scenario, a 65 y.o. male who's purchased $10k/year in EE bonds for the past 20 years can now begin drawing $1667 monthly ($20/yr) until age 85 and paid $200k to do so. According to ImmediateAnnuities.com (generic online quote) that $20k/yr 20-year period certain income stream w...
by AlwaysLearningMore
Sun Jul 26, 2020 4:56 pm
Forum: Investing - Theory, News & General
Topic: EE Bonds as period certain annuity - revisited
Replies: 15
Views: 1507

EE Bonds as period certain annuity - revisited

In 1984 the New York Times published YOUR MONEY; SAVING BONDS AS AN ANNUITY https://tinyurl.com/yyr22npw In 2013 Mr. Lindauer published the Forbes article A Simple Way To Build Your Own Annuity https://tinyurl.com/yxbybkx5 and a Bogelheads.org post on this topic https://tinyurl.com/y5b6fsgv In the ...