Search found 190 matches

by wintermute
Sat Nov 17, 2018 6:14 pm
Forum: Investing - Theory, News & General
Topic: TIPS yield curve oddity
Replies: 22
Views: 1381

Re: TIPS yield curve oddity

grok87 wrote:
Sat Nov 17, 2018 1:32 pm
tips use raw or not seasonally adjusted CPI which can be a little noisy. TIPS yields for maturites < 1 year often display this kind of behavior.
Thanks. I found a thread that goes into the details of seasonal yield error:
viewtopic.php?t=150300
by wintermute
Sat Nov 17, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: TIPS yield curve oddity
Replies: 22
Views: 1381

TIPS yield curve oddity

2019-Apr-15 has a much higher yield than others maturities. This bond showed up on Vanguard and Fidelity (after market close), and WSJ. Why would a TIPS with less accrued principal, with less than a year left (so short-term gain and interest are taxed the same), pay 2.5 times as much as 2019-Jul-15?...
by wintermute
Thu Aug 30, 2018 10:47 pm
Forum: Investing - Theory, News & General
Topic: Sneaky ways to get into closed funds (e.g. POAGX in TN 529)
Replies: 32
Views: 2997

Re: Sneaky ways to get into closed funds (e.g. POAGX in TN 529)

HEDGEFUNDIE wrote:
Thu Aug 23, 2018 4:54 pm
This is exactly the kind of info I was looking for. Thanks! Do they offer access to the PRIMECAP funds?
I tried Primecap admiral and investor shares, both returned "not available for purchase online", from an IRA in Wellstrade.
by wintermute
Thu Aug 23, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: Sneaky ways to get into closed funds (e.g. POAGX in TN 529)
Replies: 32
Views: 2997

Re: Sneaky ways to get into closed funds (e.g. POAGX in TN 529)

Slightly off-topic, but you can get admiral shares of most Vanguard funds, and PTTRX, at Wellstrade, at least in IRAs, with no minimum.
by wintermute
Tue May 29, 2018 10:06 pm
Forum: Investing - Theory, News & General
Topic: FZDXX- 1.81%. Security? [Fidelity Treasury Money Market]
Replies: 11
Views: 3286

Re: FZDXX- 1.81%. Security?

indexfundfan wrote:
Sun May 27, 2018 12:45 pm
Where can you buy GABXX?
Wellstrade, at least. I don't know about other brokerages.
by wintermute
Sun May 27, 2018 12:24 pm
Forum: Investing - Theory, News & General
Topic: FZDXX- 1.81%. Security? [Fidelity Treasury Money Market]
Replies: 11
Views: 3286

Re: FZDXX- 1.81%. Security?

+1 on buying Tbills at auction, but GABXX is also an option. It's useful if you can't trade bonds or buy Vanguard's VUSXX treasury MM fund (like at Wellstrade). Current 7-day for GABXX is 1.69%, ER is 0.08%, vs 1.74% and 0.09% for VUSXX.
by wintermute
Wed Apr 04, 2018 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Results after investing my Emergency Fund for 3yrs
Replies: 20
Views: 4080

Re: Results after investing my Emergency Fund for 3yrs

It isn't mental accounting it's actual accounting, for a 50% drop. Even 100% drop of 20% of my efund would be fine. If I put the extra 10% into my portfolio it would be at a lower stock allocation and likely lower my lifetime returns. The small stock allocation helps ensure the efund keeps up with i...
by wintermute
Sun Apr 01, 2018 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Results after investing my Emergency Fund for 3yrs
Replies: 20
Views: 4080

Re: Results after investing my Emergency Fund for 3yrs

+1 I'm doing something similar: increased efund by 10%, and putting 20% in stocks.
by wintermute
Sat Mar 31, 2018 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 14166

Re: What age is the best to give a child control of an inheritance?

The longer it's in trust the more risk there is of theft by trustee. I've seen it happen.
by wintermute
Wed Mar 28, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: Vanguard to (another brokerage): admiral index funds
Replies: 17
Views: 1715

Re: Vanguard to (another brokerage): admiral index funds

Wellstrade has admiral shares, no minimum. Did you transfer the funds in or actually initiate a new position with wells trade? I originally bought signal shares at Wellstrade using a cash balance, but since conversion to admiral a while back, I've bought more admiral shares. I should add that I'm g...
by wintermute
Wed Mar 28, 2018 12:31 am
Forum: Investing - Theory, News & General
Topic: Vanguard to (another brokerage): admiral index funds
Replies: 17
Views: 1715

Re: Vanguard to (another brokerage): admiral index funds

Wellstrade has admiral shares, no minimum. I only had trouble buying VGSLX (REIT fund) recently, but I called and they offered to do a phone order for free. (I'm guessing it's related to that fund's index changing.) They used to have signal shares, a class which Vanguard discontinued and converted t...
by wintermute
Mon Mar 19, 2018 11:31 pm
Forum: Investing - Theory, News & General
Topic: The Single Greatest Predictor of Future Stock Market Returns
Replies: 40
Views: 10525

Re: The Single Greatest Predictor of Future Stock Market Returns

What has always been funny to me is that portfolios are always valued at marginal or nearly-marginal pricing. Prices aren't volume or supply/demand adjusted before multiplying by shares held.
by wintermute
Fri Mar 02, 2018 12:32 am
Forum: Investing - Theory, News & General
Topic: Treasury Money Market Funds
Replies: 12
Views: 2487

Re: Treasury Money Market Funds

GABXX The Gabelli U.S. Treasury Money Market Fund Class AAA - 1.75% 7-day yield, ER is 0.08% http://www.gabelli.com/Template/fundinfo.cfm?tid=NzYyMDk=&bid=MTc1&mid=NmQ3NzM=&num=NmFkZmU=&fid=NmJjMzY=&rid=404=edoc_dnuf http://financials.morningstar.com/money-market/quote?t=gabxx This fund can include ...
by wintermute
Sat Feb 10, 2018 11:38 pm
Forum: Personal Consumer Issues
Topic: Relearning Calculus
Replies: 81
Views: 7458

Re: Relearning Calculus

MathBFF, patrickJMT, Kahn; all on YouTube.
by wintermute
Fri Nov 03, 2017 1:03 am
Forum: Investing - Help with Personal Investments
Topic: Should I invest my emergency fund?
Replies: 29
Views: 4908

Re: Should I invest my emergency fund?

The big downside to investing your EF is - what if the day you need it is the day the market is down 15%? I personally take some credit and term risk (when it pays more than CDs) and I add 10% more money than I would otherwise keep in my EF. The most valuable thing I learned from this forum is the ...
by wintermute
Sun Apr 30, 2017 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Sleep well or not ? [Vanguard Intermediate-Term Tax-Exempt]
Replies: 45
Views: 9844

Re: Sleep well or not ? [Vanguard Intermediate-Term Tax-Exempt]

This fund has significant interest rate risk. Its duration is currently 5.2 and maturity is 8.7 years, for just 1 point more than savings accounts. And some CDs are 3%, if you are patient.
by wintermute
Wed Apr 12, 2017 11:55 pm
Forum: Investing - Theory, News & General
Topic: Value of having TIPS funds?
Replies: 35
Views: 4998

Re: Value of having TIPS funds?

The Schwab TIPS ETF, which tracks the Bloomberg Barclays U.S. TIPS Index, has an expense ratio of 0.05%. https://www.schwabfunds.com/public/csim/home/products/exchange_traded_funds/summary.html?symbol=SCHP The ER is great, but watch the premium/discount. It can get large at times. I always had to w...
by wintermute
Sat May 28, 2016 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund in Taxable Investments?
Replies: 30
Views: 3403

Re: Emergency Fund in Taxable Investments?

You have to consider your own situation. For me there are several problems with keeping efund in tax advantaged: Tax drag on dividends. Stocks are expected to grow long term, so they should especially be preferred in a Roth. (I mirror Roth and IRA+401k). That space is precious. You might pay more to...
by wintermute
Sun Nov 08, 2015 5:37 pm
Forum: Personal Consumer Issues
Topic: Password managers (eg Keepass, Lastpass, 1Password etc)- security risk
Replies: 29
Views: 4280

Re: Whatever

daveatca wrote:"KeeFarce uses DLL injection to execute code" - https://github.com/denandz/KeeFarce

So, who cares. Mac OS X does not use DLLs.
Just about all modern OSes use dynamically linked shared libraries, including OS X.
by wintermute
Sat Nov 07, 2015 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: ALLY Bank and the new tier announcement
Replies: 128
Views: 30665

Re: ALLY Bank and the new tier announcement

This really annoys me and cost me interest while waiting.
by wintermute
Sat Aug 15, 2015 5:35 pm
Forum: Investing - Theory, News & General
Topic: Short-Term Investment Grade Corporate Bond Funds
Replies: 12
Views: 2836

Re: Short-Term Investment Grade Corporate Bond Funds

I've considered short-term investment grade (VFSUX) and the higher credit-rating VBIRX. Looking at what happened to VFSUX in 2008, a nearly 2% yield does not seem adequate. Then comparing VBIRX (~1.2% SEC yield), it especially doesn't make sense when you can get close to the same yield with CDs or s...
by wintermute
Sat Mar 29, 2014 5:10 pm
Forum: Investing - Theory, News & General
Topic: Advantages in tax inefficient funds
Replies: 14
Views: 1387

Re: Advantages in tax inefficient funds

What I have read, in a few places, is that the market is efficient. One of the efficiencies of the market, includes having an accurate valuation of a fund, including tax costs. The market tends towards efficiency, it's not an absolute. It takes the work of people to make it efficient. I agree, tax ...
by wintermute
Sat Jan 04, 2014 1:47 pm
Forum: Personal Consumer Issues
Topic: Investors beware... account security IS important!
Replies: 89
Views: 12814

Re: Investors beware... account security IS important!

Two factor auth is not "bullet proof". A key logger and/or realtime MITM attack works around that. Also, RSA (the leading producer of such tokens, to my knowledge) was compromised a couple years ago. I know at least one mega corp that didn't bother to replace their tokens after the seeds were stolen...
by wintermute
Tue Dec 10, 2013 9:29 am
Forum: Personal Consumer Issues
Topic: My experience with "Big Death"
Replies: 32
Views: 4625

Re: My experience with "Big Death"

It seems like MBA's have been piling into industries where demand is relatively price inelastic and regulations have created entry barriers: healthcare, funerals. I wonder what's next.
by wintermute
Sat Dec 07, 2013 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: I just inherited $1 million
Replies: 65
Views: 13104

Re: I just inherited $1 million

First things first DON"T DO ANYTHING until your wife and you have thought everything out. 1 mill. is a lot, but is easily lost for those who don't know what they are doing. This is really important. Don't make any big purchases or life changes, for 3-6 months. I have a family member who spent a bun...
by wintermute
Sat Dec 07, 2013 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: I just inherited $1 million
Replies: 65
Views: 13104

Re: I just inherited $1 million

The last thing on earth you would want to do is give it to a "broker". Watch the movie Boiler Room.
by wintermute
Wed Nov 20, 2013 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Employers Enron-esque 401k cause for concern?
Replies: 22
Views: 2016

Re: Employers Enron-esque 401k cause for concern?

ddeigert wrote: -Company match vests 20% over a five year period
Do you mean the vesting increases by 20% per year (20, 40, 60, 80, 100), or after 5 years, you're only 20% vested?
by wintermute
Thu Nov 14, 2013 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds as part of a portfolio
Replies: 10
Views: 1265

Re: I Bonds as part of a portfolio

I use I-bonds for more tax deferred space. In other tax deferred spaces, I hold longer bonds to bring up my duration to about 5 years. The risk (duration) adjusted return of I-bonds may end up higher than say BND. Does anyone know if TD auto-redeems electronic I-bonds? If they don't, you can hold on...
by wintermute
Sat Nov 09, 2013 12:50 pm
Forum: Investing - Theory, News & General
Topic: Does an allocation less than 5% ever make sense?
Replies: 34
Views: 3939

Re: Does an allocation less than 5% ever make sense?

If you have a $2mil portfolio, 5% is $100k. That's at least couple years living expenses.
by wintermute
Wed Oct 30, 2013 11:35 am
Forum: Personal Consumer Issues
Topic: Gloves & working with food
Replies: 32
Views: 2066

Re: Gloves & working with food

I have found that food service workers are very inconsistent in terms of wearing and replacing gloves - and many appear not to understand that it is not their skin (per se) that is the concern but germs, which can live on gloves as easily as on skin. I once saw a woman wipe her nose with her gloved...
by wintermute
Mon Oct 28, 2013 11:41 pm
Forum: Investing - Help with Personal Investments
Topic: My mom has 100k in cash in an IRA.
Replies: 15
Views: 2212

Re: My mom has 100k in cash in an IRA.

You have to look at all her assets. 2/3s in equity is risky. Pick an AA, then decide how best to achieve it. You could use LT treasuries to increase duration and yield, if she's fixated on having "cash" (like someone I personally know). Consider transferring some of the cash to IRA CD's.
by wintermute
Thu Sep 05, 2013 10:30 pm
Forum: Personal Consumer Issues
Topic: .....
Replies: 15
Views: 2663

Re: Alternatives to Yahoo for Throwaway e-mail Account

Slightly off-topic: If you're using it for privacy, make sure you run hushmail's encryption on the client side (your browser). They default to sending the cleartext to their server over ssl, (potentially) give the NSA a copy, then encrypt it for you. How nice of them. Use PGP or GNUPG if you really ...
by wintermute
Sun Sep 01, 2013 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Trust fund recipients, experiences?
Replies: 10
Views: 2380

Re: Trust fund recipients, experiences?

Choose trustees wisely. In at least some states, a trust lawyer is the trust ee 's lawyer, not the trust's lawyer and not the beneficiary's. This means if the lawyer catches the trustee stealing, the lawyer cannot tell anyone. Even worse, if the trustee is accused of stealing, the trust will be payi...
by wintermute
Thu Aug 29, 2013 11:12 am
Forum: Investing - Theory, News & General
Topic: Should retirement portfolios tilt toward dividend stocks?
Replies: 24
Views: 3029

Re: Should retirement portfolios tilt toward dividend stocks

This factor has been overlooked in examining the results of historical SWR studies, which are largely based on data from periods in which stock dividends were considerably higher than they are today. It seems doubtful that historical SWRs could be supported with today's dividend yields, since the r...
by wintermute
Thu Aug 29, 2013 9:58 am
Forum: Investing - Theory, News & General
Topic: Should retirement portfolios tilt toward dividend stocks?
Replies: 24
Views: 3029

Re: Should retirement portfolios tilt toward dividend stocks

Perhaps a reasonable alternative to a dividend paying stocks (given their fad-induced valuations) may be to synthesize them. Buy a long term corp bond fund and non-dividend paying low beta stocks. The LT corp fund could be one that buys-and-holds to near maturity (to sell above par, if possible). Th...
by wintermute
Sun Aug 25, 2013 1:33 pm
Forum: Investing - Theory, News & General
Topic: Forbes interview w/George Gilder on Index Funds
Replies: 9
Views: 1785

Re: Forbes interview w/George Gilder on Index Funds

The sad thing is many people read such arguments, and think "why would I deprive myself of an extra share of the pie?". Naive greed is quite costly.
by wintermute
Wed Aug 21, 2013 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Any thoughts on a "Market Neutral" bond strategy?
Replies: 29
Views: 3040

Re: Any thoughts on a "Market Neutral" bond strategy?

By buying an inverse ETF however would allow a person to reduce duration without triggering a taxable event. No it wouldn't, as others have pointed out, because short and leveraged ETF's reset their position each day. That is very different from setting it once, at a time of purchase. When you buy ...
by wintermute
Wed Aug 21, 2013 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Are these fees too high?
Replies: 65
Views: 7447

Re: Are these fees too high?

You can transfer the Roth IRA (and any other accounts, except a 401k at a current employer in most cases) to Vanguard. Then just invest it all in a Target Retirement fund. That will quickly cut out the hemorrhaging from outrageous fees while you learn more (if you desire to). You can later split int...
by wintermute
Tue Aug 20, 2013 5:46 pm
Forum: Personal Consumer Issues
Topic: Insanity in the office kitchen/break room
Replies: 32
Views: 4013

Re: Insanity in the office kitchen/break room

Tragedy of the commons.
by wintermute
Tue Aug 13, 2013 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Ugh, John Hancock 401k - is it worth it?
Replies: 11
Views: 1250

Re: Ugh, John Hancock 401k - is it worth it?

Be sure to save documentation of the vestment policy and her vestment %, before she leaves. I just had a former employer who told JH I was only partially vested. Once you initiate a roll-over, they disable your login. It's also best if you shift your 401k alloc to as close to cash (eg, MM, stable va...
by wintermute
Sat Jun 29, 2013 8:01 pm
Forum: Forum Issues and Administration
Topic: Forum Design - Hard to refer people
Replies: 31
Views: 4397

Re: Forum Design - Hard to refer people

Personally, I like the current main page a great deal. It's simple text with few images, displays very fast, and will load even over a 1x or a bad 3g link. I find thread display to be quick as well.
by wintermute
Wed Feb 13, 2013 9:59 am
Forum: Investing - Theory, News & General
Topic: Small/Value Tilt question
Replies: 27
Views: 3710

Re: Small/Value Tilt question

Chan_va I would say most people (including myself) think it is not a free lunch. It is simply a risk not captured by volatility (or CAPM beta). Such as exposure to unemployment risk etc. Return varience only includes risks that have occured, or those whose probability has changed. It's really about...
by wintermute
Tue Jan 22, 2013 8:37 pm
Forum: Investing - Theory, News & General
Topic: Large Value - Chasing safety, not a tilt premium
Replies: 18
Views: 1546

Re: Large Value - Chasing safety, not a tilt premium

While raising the equity amount would be one way to increase expected returns, holding greater amounts of smaller and more value oriented stocks and keeping the bond allocation the same would be another -- and in the later case, one would be able to maintain a higher amount of liquidity in bonds to...
by wintermute
Tue Jan 22, 2013 7:07 pm
Forum: Investing - Theory, News & General
Topic: Use of Risk Parity to Juice Returns in Pension Funds
Replies: 29
Views: 2899

Re: Use of Risk Parity to Juice Returns in Pension Funds

Sounds more like it's ultimately (or partially) interest rate arbitrage. They're becoming a middleman to move money from a lower interest location to one that's higher - maybe altering its credit exposure in the process. Makes me wonder why those lenders (or futures/options market participants) don'...
by wintermute
Thu Dec 27, 2012 7:51 pm
Forum: Investing - Theory, News & General
Topic: DFA Growth funds?
Replies: 47
Views: 8481

Re: DFA Growth funds?

Its funny how DFA is becoming more active (that is, selective), albeit at low costs and using defined rules. Research (from my limited, casual viewing) appears to be moving toward security selection. That's fine, as long as the fees don't consume all this alpha laying around. Or maybe there's so lit...
by wintermute
Thu May 31, 2012 1:32 am
Forum: Investing - Theory, News & General
Topic: Rebalancing theory
Replies: 82
Views: 5072

Re: Rebalancing theory

I wonder how a portfolio with that quant momo fund performs, with and without rebalancing, and vs Sharpe's new strategy. That might provide some insight.
by wintermute
Thu Apr 05, 2012 5:52 pm
Forum: Investing - Theory, News & General
Topic: investing in countries - BRIC vs new MIST
Replies: 4
Views: 849

Re: investing in countries - BRIC vs new MIST

Is there any logic to these groupings, or do they just make catchy abbreviations?
by wintermute
Fri Feb 24, 2012 2:53 am
Forum: Local Chapters and Bogleheads Community
Topic: JACK BOGLE'S MESSAGE TO BH: Two Birthdays!
Replies: 56
Views: 7482

Re: JACK BOGLE'S MESSAGE TO BH: Two Birthdays!

Happy birthday and thank you for building Vanguard. It stands above and apart from all others.
by wintermute
Wed Feb 08, 2012 11:14 pm
Forum: Investing - Theory, News & General
Topic: A Bar May Be the Place to Understand Markets
Replies: 4
Views: 791

Re: A Bar May Be the Place to Understand Markets

I'm sure the (actual) rocket scientists and physicists working on HF blackboxes have already considered this, but maybe markets are like positive and negative feedback loops fighting for domination (as in biological systems). Maybe other complex systems behave that way. Too bad I don't know enough m...
by wintermute
Thu Feb 02, 2012 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Admiral funds at Wells Trade
Replies: 117
Views: 12647

Re: Admiral funds at Wells Trade

I was able to buy VBSSX signal shares (short term bond). I purchased >$3000 (<$5000). Didn't show up until the third business day. This makes wellstrade PMA an even better deal. Don't mention this to customer service - it might be a screw up and they only meant wells fargo advisers to have access t...