Search found 162 matches

by BabaWawa
Thu Jan 21, 2021 10:25 am
Forum: Investing - Theory, News & General
Topic: How to evaluate tax efficiency - VTI vs AVUS
Replies: 3
Views: 255

Re: How to evaluate tax efficiency - VTI vs AVUS

I believe nearly everyone here will recommend VTI for taxable. It's extremely tax efficient, has lower fees, trades with little buy/sell spreads with high volume. This is a no brainer.
by BabaWawa
Wed Jan 20, 2021 9:43 pm
Forum: Investing - Theory, News & General
Topic: Is anyone else pretty lax with their AA?
Replies: 53
Views: 4169

Re: Is anyone else pretty lax with their AA?

I have a feeling that your attitude may be influenced by how well the market has been doing recently reaching all time highs. This euphoria can lead to poor decisions, IMO. If your investment policy statement calls for you to rebalance, then I would do it. You are now taking on more risk than you or...
by BabaWawa
Tue Jan 19, 2021 8:35 pm
Forum: Personal Consumer Issues
Topic: Amazon Firestick vs. Roku
Replies: 44
Views: 2222

Re: Amazon Firestick vs. Roku

For me, hands down Firestick is best. I really don't understand the comments about it pushing Amazon content out front. The apps I use it for (youtube tv, hbo max, prime, netflix) are all there up front for me to select as I wish. Works great.
by BabaWawa
Tue Jan 19, 2021 1:32 pm
Forum: Personal Investments
Topic: Whats the most gross expense ratio you would consider when buying a mutual fund?
Replies: 73
Views: 6298

Re: Whats the most gross expense ratio you would consider when buying a mutual fund?

The most I have had in past 10 years was my SCV fund, IJS, with a 0.25 ER. I hated it because most everything else I own was single digits. When IJS dropped it's ER to 0.18 recently, I opened a bottle of champagne. 😀. Obviously I wouldn't buy anything higher.
by BabaWawa
Mon Jan 18, 2021 1:19 pm
Forum: Investing - Theory, News & General
Topic: "Value vs. Growth: Widest Performance Gap on Record"
Replies: 42
Views: 4226

Re: "Value vs. Growth: Widest Performance Gap on Record"

I've tilted towards value for a long time. Wondering if it's time to throw in the towel but I feel that I'd be chasing performance... Surprising that now is the time that you capitulate. You've been doing it long time and you probably realize its a long term decision. Stay the course would be my re...
by BabaWawa
Mon Jan 18, 2021 10:54 am
Forum: Investing - Theory, News & General
Topic: Buy and sell bond fund to double dip yield
Replies: 32
Views: 1339

Re: Buy and sell bond fund to double dip yield

Ah, but the price of the fund will drop by the amount of the dividend (+/- market moves) that day Not for a fund like the Vanguard Total Bond Market Index fund. Read the prospectus. Livesoft, could you elaborate? I have always thought that fund prices drop to compensate for any dividend or cap gain...
by BabaWawa
Sun Jan 17, 2021 11:33 pm
Forum: Personal Investments
Topic: Throw rocks at my experimental portfolio (tilt-o-rama)
Replies: 10
Views: 2955

Re: Throw rocks at my experimental portfolio (tilt-o-rama)

Test???? You won't know for 30 years.
by BabaWawa
Sun Jan 17, 2021 10:31 pm
Forum: Investing - Theory, News & General
Topic: "Value vs. Growth: Widest Performance Gap on Record"
Replies: 42
Views: 4226

Re: "Value vs. Growth: Widest Performance Gap on Record"

000 wrote: Sun Jan 17, 2021 6:39 pm So what you're saying Taylor is that the time for Value is finally here! :twisted:
It was actually 9 months ago but better late than never😉.
by BabaWawa
Sun Jan 17, 2021 1:10 pm
Forum: Investing - Theory, News & General
Topic: Asset allocation over time
Replies: 100
Views: 3742

Re: Asset allocation over time

This is/was my ideal allocation. Age 30-50: 80/20 (equities/fixed income) Age 50-60: 60/40 (retired age 60) Age 60-?: Static 60/40 for now, but will allow rising glide path in equities over time. This rising glide path is inevitable since I currently have 100% equities in taxable and Roth IRA and 10...
by BabaWawa
Sun Jan 17, 2021 8:49 am
Forum: Investing - Theory, News & General
Topic: Sequence Risk: is it really a big deal?
Replies: 125
Views: 16189

Re: Sequence Risk: is it really a big deal?

It was a big deal to some who retired in 2000 or 2007 and had to go back to work. For me, retired in 2015, it has worked out pretty well. SORR needs to be kept in mind for all retirees.
by BabaWawa
Sun Jan 17, 2021 8:43 am
Forum: Investing - Theory, News & General
Topic: Sequence Risk: is it really a big deal?
Replies: 125
Views: 16189

Re: Sequence Risk: is it really a big deal?

It was a big deal to some who retired in 2000 or 2007 and had to go back to work. For me, retired in 2015, it has worked out pretty well. SORR needs to be kept in mind for all retirees.
by BabaWawa
Sun Jan 17, 2021 8:31 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3671
Views: 279738

Re: Small Cap Value heads Rejoice !!!

Curious, what percentage is everyone’s tilts? :beer 60% equities which are 35% VTI, 10% IJS (SCV), 10% VEA (total international), and 5% VWO (emerging market). I don't tilt in international space. Feel OK with that since Rick Ferri has recently said the international market makeup is smaller and mo...
by BabaWawa
Sun Jan 17, 2021 7:56 am
Forum: Personal Investments
Topic: How do you maintain discipline during Volatility?
Replies: 52
Views: 2599

Re: How do you maintain discipline during Volatility?

Hello I am a DIY investor and frequently sell at the worst time when the market declines. How do you maintain discipline? Also is there any research on if re-balancing versus buy and hold from an investment returns point of view? I maintain discipline by having a well written Investment Policy Stat...
by BabaWawa
Sat Jan 16, 2021 3:56 pm
Forum: Investing - Theory, News & General
Topic: Young investors: don’t take unnecessary risk with aggressive and concentrated allocations
Replies: 205
Views: 13531

Re: Young investors: don’t damage long term returns with aggressive and concentrated allocations

Enjoy11, OK Boomer.... Just kidding, I'm a Boomer too. Your advice to the younger generations is very good, but I'm not sure at their age that I would follow it. Investing for 35 years, I started out aggressively with 100% equities, rather large tilts to small cap and international. Regret that I di...
by BabaWawa
Sat Jan 16, 2021 11:16 am
Forum: Investing - Theory, News & General
Topic: Guess what beat Bogle and Buffet since 2001? SCV and International
Replies: 119
Views: 9029

Re: "Lies, Damn Lies and Statistics"

Bogleheads: This thread is a reminder of this quote popularized by Mark Twain: There are three kinds of lies: Lies, damned lies, and statistics. Past performance does not forecast future performance. Best wishes. Taylor Jack Bogle's Words of Wisdom: "The biggest mistake investors make is looki...
by BabaWawa
Sat Jan 16, 2021 10:25 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3671
Views: 279738

Re: Small Cap Value heads Rejoice !!!

Curious, what percentage is everyone’s tilts? :beer Prior to last spring, in my 70/30 portfolio I held 7% in each of S&P Small Cap 600 (VTMSX), US REITs, and international REITs. They all dropped a lot in February and March, so as part of my April rebalance I upped each of those categories to 1...
by BabaWawa
Fri Jan 15, 2021 11:10 pm
Forum: Investing - Theory, News & General
Topic: On what are you most bullish?
Replies: 194
Views: 9916

Re: "When performance changes, I change my mind."

Years ago bond allocation recommended by Taylor and others included 50% allocation to TIPS. BabaWawa: To my knowledge I have never recommended a "50% allocation to TIPS." At one time I thought a small allocation of TIPS for old investors (like myself) was necessary. However, studying the ...
by BabaWawa
Fri Jan 15, 2021 11:00 pm
Forum: Investing - Theory, News & General
Topic: On what are you most bullish?
Replies: 194
Views: 9916

Re: "When performance changes, I change my mind."

Years ago bond allocation recommended by Taylor and others included 50% allocation to TIPS. BabaWawa: To my knowledge I have never recommended a "50% allocation to TIPS." At one time I thought a small allocation of TIPS for old investors (like myself) was necessary. However, studying the ...
by BabaWawa
Fri Jan 15, 2021 10:54 pm
Forum: Investing - Theory, News & General
Topic: On what are you most bullish?
Replies: 194
Views: 9916

Re: "When the fact change, I change my mind."

Years ago bond allocation recommended by Taylor and others included 50% allocation to TIPS. BabaWawa: To my knowledge I have never recommended a "50% allocation to TIPS." At one time I thought a small allocation of TIPS for old investors (like myself) was necessary. However, studying the ...
by BabaWawa
Fri Jan 15, 2021 10:24 pm
Forum: Personal Investments
Topic: Has Anybody Used Fidelity's Symantec VIP 2-Factor Authentication?
Replies: 60
Views: 4299

Re: Has Anybody Used Fidelity's Symantec VIP 2-Factor Authentication?

I use it for E*Trade 2FA. Great on cell phone. Won't work on my chromebook however. I am able to use Symatec VIP with E*Trade on my Chromebook. But it is different compared to Fidelity or Schwab. I have to enter the code at the end of the password field. And so the maximum length of the password ha...
by BabaWawa
Fri Jan 15, 2021 5:09 pm
Forum: Personal Investments
Topic: VTI vs. FSKAX for Taxable Account
Replies: 41
Views: 6249

Re: VTI vs. FSKAX for Taxable Account

"ETFs, taxes" . Thanks, but not sure I understand this line from the Wiki. Specifically what does it mean to "give away the shares"? When an institutional investor converts shares of an ETF to stock, the ETF provider can give away the shares of stock with the lowest purchase pri...
by BabaWawa
Fri Jan 15, 2021 4:53 pm
Forum: Investing - Theory, News & General
Topic: Why isn't every indexer investing in small cap value index funds?
Replies: 288
Views: 21254

Re: Why isn't every indexer investing in small cap value index funds?

I don't see any reason to believe Regional Banks and a bunch of the other junk in SCV indices is anything other than Fairly Valued. If I'm going to tilt, it will be to assets I think are Under Valued. That's what I'm curious about All the Small Cap Value funds are dominated by financial services st...
by BabaWawa
Fri Jan 15, 2021 4:44 pm
Forum: Investing - Theory, News & General
Topic: Why isn't every indexer investing in small cap value index funds?
Replies: 288
Views: 21254

Re: Why isn't every indexer investing in small cap value index funds?

Forester wrote: Fri Jan 08, 2021 3:14 am I predict many Bogleheads will allocate to Small Cap Value after the turn in performance is apparent. They'll miss a good part of the move.
Not sure Bogleheads name is appropriate for performance chasers anyway. Either tilt or not, but don't blow with the wind.
by BabaWawa
Fri Jan 15, 2021 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's access to things after my death
Replies: 74
Views: 6220

Re: Wife's access to things after my death

I am in the process of putting together a list of instructions for my wife in the event of my death. I am 63, she is 57. We have been married for over 30 years and she basically has NO accounts or anything financial in her name. Even my credit union account is just in my name (I sent them a request...
by BabaWawa
Fri Jan 15, 2021 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's access to things after my death
Replies: 74
Views: 6220

Re: Wife's access to things after my death

I am in the process of putting together a list of instructions for my wife in the event of my death. I am 63, she is 57. We have been married for over 30 years and she basically has NO accounts or anything financial in her name. Even my credit union account is just in my name (I sent them a request...
by BabaWawa
Fri Jan 15, 2021 3:46 pm
Forum: Personal Investments
Topic: Has Anybody Used Fidelity's Symantec VIP 2-Factor Authentication?
Replies: 60
Views: 4299

Re: Has Anybody Used Fidelity's Symantec VIP 2-Factor Authentication?

I use it for E*Trade 2FA. Great on cell phone. Won't work on my chromebook however. I am able to use Symatec VIP with E*Trade on my Chromebook. But it is different compared to Fidelity or Schwab. I have to enter the code at the end of the password field. And so the maximum length of the password ha...
by BabaWawa
Fri Jan 15, 2021 1:24 pm
Forum: Personal Investments
Topic: VTI vs. FSKAX for Taxable Account
Replies: 41
Views: 6249

Re: VTI vs. FSKAX for Taxable Account

You want ITOT at Fidelity in taxable. Not FSKAX. Only Vanguard mutual funds can be held in taxable accounts with the tax efficiency of an ETF. I hold some FSKAX, but only in a 401k. Curious what the reasoning behind this is? I just invested $300k in FSKAK at Fidelity in a taxable account. Wondering...
by BabaWawa
Fri Jan 15, 2021 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: IRS delays start of tax filing season to Friday, February 12, 2021
Replies: 74
Views: 6730

Re: IRS delays start of tax filing season to Feb. 12

Hopefully will allow time for some to get their late stimulus checks. They likely want to avoid overlap of people getting stimulus checks and folks applying the credit instead on their return when they didn't receive a check.
by BabaWawa
Fri Jan 15, 2021 1:05 pm
Forum: Investing - Theory, News & General
Topic: On what are you most bullish?
Replies: 194
Views: 9916

Re: On what are you most bullish?

I imagine you have an issue about Vanguard's recent statement: "Our research indicates that a value premium does exist and that the recent outperformance of growth stocks can be partially explained by downward-trending long-term inflation levels and the lack of material acceleration in earning...
by BabaWawa
Fri Jan 15, 2021 12:41 pm
Forum: Personal Investments
Topic: Is small cap necessary for retirees?
Replies: 44
Views: 1956

Re: Do retirees need Small Cap?

I like Larry Swedroe's argument that holding some SCV allows you to settle on a portfolio with more bonds, achieving a similar return with overall reduced risk through greater bond allocation. I didn't change because of retirement. It's my story and I'm sticking to it, I don't care how many people h...
by BabaWawa
Fri Jan 15, 2021 12:23 pm
Forum: Investing - Theory, News & General
Topic: On what are you most bullish?
Replies: 194
Views: 9916

Re: On what are you most bullish?

I would advice you to read Howard Marks letter " Something Of Value ". The data-mined results that Fama-French came up with were when the Internet was not widespread and it was very hard to get good data on securities. There is no guarantee that SCV will persist in the future. Those looki...
by BabaWawa
Fri Jan 15, 2021 12:03 pm
Forum: Investing - Theory, News & General
Topic: On what are you most bullish?
Replies: 194
Views: 9916

Re: On what are you most bullish?

Regardless of market direction, I remain bullish with my 60/40 portfolio. Feel comfortable with that allocation in up and down markets.
by BabaWawa
Fri Jan 15, 2021 12:00 pm
Forum: Investing - Theory, News & General
Topic: Is the portability of ETFs worth much?
Replies: 42
Views: 2241

Re: Is the portability of ETFs worth much?

:arrow: You much prefer mutual funds.....why? It feels like the bid/ask spread introduces another element of avoidable risk - especially with munis. Bid/ask spreads are negligible for most of ETFs that Bogleheads use like VTI, VXUS, and BND. Being stuck with the closing price at day end for mutual f...
by BabaWawa
Fri Jan 15, 2021 9:31 am
Forum: Investing - Theory, News & General
Topic: On what are you most bullish?
Replies: 194
Views: 9916

Re: On what are you most bullish?

SCV. Here's why. 1. SCV has outperformed the S&P 500 in every 20 year period on record save one. 2. The concentration of stocks in the S&P 500 seems to be strongly suggestive that SCV is about to outperform significantly, as in potentially 9-13% annualized over the next five years. 3. After...
by BabaWawa
Fri Jan 15, 2021 7:44 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3671
Views: 279738

Re: Small Cap Value heads Rejoice !!!

Curious, what percentage is everyone’s tilts? :beer 7.5% tilt to small caps 7.5% tilt to REITs Otherwise basically a Bogleheads 3-fund for the rest How did you get to 7.5%? Nothing magical. Everyone says 5% or less of something in your portfolio doesn’t make a difference, so I upped it to 7.5% :P A...
by BabaWawa
Wed Jan 13, 2021 8:48 pm
Forum: Personal Investments
Topic: China still an emerging market?
Replies: 29
Views: 2240

Re: China still an emerging market?

Hello, My foreign equity is split between 40% VEA and 60% VWO. I'm wondering what will happen if (or when) China is no longer considered as an emerging market: does that mean that VWO will collapse because investors will massively sell VWO? Does that mean that chinese stocks will be part of VEA and...
by BabaWawa
Wed Jan 13, 2021 8:40 pm
Forum: Personal Investments
Topic: EFA and EEM vs. VTIAX
Replies: 9
Views: 644

Re: EFA and EEM vs. VTIAX

How do EFA and EEM compare to VTIAX other than the fact that they're ETFs? EFA is ex-US Developed Markets (except for Canada). EEM is ex-US Emerging Markets VTIAX is both. Also neither EFA nor EEM is designed for retail investors. IDEV and IEMG are the droids you’re looking for. Why aren’t efa and ...
by BabaWawa
Mon Jan 11, 2021 5:55 pm
Forum: Investing - Theory, News & General
Topic: Anyone have a google sheets formula to pull in VTWAX domestic vs. international splits?
Replies: 15
Views: 788

Re: Anyone have a google sheets formula to pull in VTWAX domestic vs. international splits?

I have never had the desire to match world allocation. We all know Mr. Bogle recommended no allocation to non-US equities. I've chosen years ago to split the difference and go 25% international/75% US. I'm not changing not even though many predict international outperformance given current valuations.
by BabaWawa
Sun Jan 10, 2021 8:53 pm
Forum: Investing - Theory, News & General
Topic: I wish VTWAX was no transaction fee at Schwab
Replies: 59
Views: 3964

Re: I wish VTWAX was no transaction fee at Schwab

I'm intrigued by this conversation because I would love, one day, to have the option to have free Vanguard mutual funds, not at Vanguard. Personally, their municipal bond funds exactly suit me, and all other options (other mutual funds companies, ETFs) leave me wanting. Sure, some other alternative...
by BabaWawa
Sun Jan 10, 2021 8:21 pm
Forum: Investing - Theory, News & General
Topic: I wish VTWAX was no transaction fee at Schwab
Replies: 59
Views: 3964

Re: I wish VTWAX was no transaction fee at Schwab

I'm intrigued by this conversation because I would love, one day, to have the option to have free Vanguard mutual funds, not at Vanguard. Personally, their municipal bond funds exactly suit me, and all other options (other mutual funds companies, ETFs) leave me wanting. Sure, some other alternative...
by BabaWawa
Sun Jan 10, 2021 7:51 am
Forum: Personal Investments
Topic: Vanguard Total Bond (VBTLX) at 1.11% yield seems high risk
Replies: 127
Views: 11473

Re: Vanguard Total Bond (VBTLX) at 1.11% yield seems high risk

I view it (BND) as the anchor in my 60/40 portfolio, reducing volatility. Despite stated SEC yields it still had a nice return last year and continues to sends me 2% checks every month. I'll continue to stay the course and rebalance.
by BabaWawa
Sun Jan 10, 2021 12:22 am
Forum: Investing - Theory, News & General
Topic: Which are best recommended Boglehead small-cap value indices? Is it worth to tilt to small cap value?
Replies: 80
Views: 4716

Re: More risk = Higher Return?

Tilting toward small-cap value is similar to leveraging your portfolio in that you're taking on more risk for more return. [/u] Bogleheads: "Taking on more risk for more return" does not always work. For example, a $10,000 investment in the DFA Small Cap Value Fund (DFSVX) (heavily promot...
by BabaWawa
Sat Jan 09, 2021 10:34 am
Forum: Investing - Theory, News & General
Topic: I wish VTWAX was no transaction fee at Schwab
Replies: 59
Views: 3964

Re: I wish VTWAX was no transaction fee at Schwab

Not sure how an ETF vs MF will change your urge to "meddle." Sounds to me like you're a little too hands on. Rebalance no more than once a quarter. Remember rebalancing is an exercise to manage risk and not to enhance performance. Since markets move up more than they move down, chances ar...
by BabaWawa
Sat Jan 09, 2021 7:25 am
Forum: Investing - Theory, News & General
Topic: I wish VTWAX was no transaction fee at Schwab
Replies: 59
Views: 3964

Re: I wish VTWAX was no transaction fee at Schwab

I currently have most of my holdings in VT. One thing I’ve noticed over the last few months is that on large up days, I trim a little, and on down days, I buy more. It’s never more than 5% but I have trouble “not touching it” because it’s so easy to put a market order in either way. This strategy i...
by BabaWawa
Sat Jan 09, 2021 7:05 am
Forum: Investing - Theory, News & General
Topic: Small Cap Fund for Taxable Account
Replies: 11
Views: 953

Re: Small Cap Fund for Taxable Account

Good questions...☝🏻 I have 3 buckets for retirement—which btw starts the inend of this year. I’ll have a substantial pension income which obviously impacts financial planning. Bucket #1 is 401(k) and should last at least 12 years. Bucket #2 is Keogh and should last beyond our lifetimes. Bucket #3 i...
by BabaWawa
Fri Jan 08, 2021 10:02 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Fund for Taxable Account
Replies: 11
Views: 953

Re: Small Cap Fund for Taxable Account

Greetings Fellow Bogleheads, My taxable account is currently large cap weighted w Vanguard tax-managed capital appreciation. I’m looking for a small cap fund to improve diversification. VTMSX seems like a solid option. However VSGAX is also very tax efficient—although w an obvious growth tilt. I’m ...
by BabaWawa
Thu Jan 07, 2021 12:11 pm
Forum: Investing - Theory, News & General
Topic: Managing Roth conversions for future market risk
Replies: 35
Views: 1979

Re: Managing Roth conversions for future market risk

One tactic to consider is reducing or eliminating equities from the pre-tax portion of your portfolio. Completed that mission today with my Roth conversion. Now 100% equities in taxable and Roth, 100% fixed income in tIRA. Fortunately my 3 accounts support my 60/40 allocation, but I see a rising eq...
by BabaWawa
Wed Jan 06, 2021 3:08 pm
Forum: Personal Investments
Topic: RMD @ 72 seems quite high according to calculator
Replies: 182
Views: 10935

Re: RMD @ 72 seems quite high according to calculator

This is not my experience at all and goes against everything I've read on the subject. Placing high expected return equities in tIRA to be fully taxed at withdrawal makes no sense. Significantly worsens the RMD dilemma. Placing low return fixed income in Roth seems equally misguided. Except now we ...
by BabaWawa
Wed Jan 06, 2021 10:37 am
Forum: Personal Finance (Not Investing)
Topic: when to convert t-ira to roth to avoid rmd
Replies: 10
Views: 941

Re: when to convert t-ira to roth to avoid rmd

Don't know what your situation is, but a small tIRA won't kill you. Remember if MFJ at tax time you've got over $27000 standard deduction to eat up some income. Plus qualified dividends and capital gains have lots of space at 0% tax bracket. Do some tax planning to see what your RMDs do to your ove...
by BabaWawa
Wed Jan 06, 2021 10:35 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3671
Views: 279738

Re: Small Cap Value heads Rejoice !!!

Not using rolling returns? I am suprised at how the micro-cap fund outperforms on average if we consider that considering size factor is weak. Regardless would not recommend investing in the size factor only considering how weak it is outside USA. It is even negative return locally since 1994. It i...