Search found 979 matches

by fortyofforty
Wed Jun 20, 2018 7:35 pm
Forum: Investing - Theory, News & General
Topic: Effect of Index funds on Market Efficiency
Replies: 17
Views: 905

Re: Effect of Index funds on Market Efficiency

If everyone indexed, the prices would essentially be "set" on the very last trade. Then, prices of all stocks would move up in proportion to the overall inflow of new cash, minus the outflow of cash as people needed the money. However, there will always be people who try to outguess the market, or g...
by fortyofforty
Wed Jun 20, 2018 5:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Surveys
Replies: 47
Views: 2862

Re: Vanguard Surveys

I responded to the first one, before I discovered that all the questions revolved around an investor's views on where interest rates are headed, or what future stock market returns will be, and things like that. It's a bit silly from a company founded by a man who oft-repeated a story whose tenet is...
by fortyofforty
Mon Jun 18, 2018 2:46 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Surveys
Replies: 47
Views: 2862

Re: Vanguard Surveys

Another request came today. Here is the body of the request, sent from vanguard@eonline.e-vanguard.com: Vanguard would like your input Dear [FortyofForty]: As you may recall from a previous email, Vanguard is conducting a study to understand how investors are thinking about the future of the stock m...
by fortyofforty
Sun Jun 17, 2018 9:58 pm
Forum: Investing - Theory, News & General
Topic: "Money Talk" Radio Program with Bob Brinker
Replies: 15
Views: 1687

Re: "Money Talk" Radio Program with Bob Brinker

I don't so much mind the commercials. One way or the other, things are paid for, even "commercial free" radio. Like everything else, when I do listen to Brinker, or Ramsey, or Watchdog on Wall Street, or Suze Orman, or Motley Fool, or Cramer, or any other program, I try to weed out the bad or questi...
by fortyofforty
Sun Jun 17, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: how can i determine if Wellington only takes long stock positions?
Replies: 9
Views: 412

Re: how can i determine if Wellington only takes long stock positions?

Often, funds will allow themselves to do things like short stocks, or use leverage, but choose not to use such methods. You might request the SAR, to see exactly what's allowed. At a certain point, you are entrusting your money to fund managers to do with it what they deem appropriate. That's anothe...
by fortyofforty
Fri Jun 15, 2018 6:20 am
Forum: Investing - Theory, News & General
Topic: Diversified portfolio but still too much Apple, Microsoft, etc.
Replies: 13
Views: 1433

Re: Diversified portfolio but still too much Apple, Microsoft, etc.

You could always add a portion of your portfolio to an additional small capitalization fund, or SCV. You are, by definition, overweighting those other stocks, based on a "market neutral" approach. That doesn't say it's wrong, just that you are trying to outguess "the market" and its free-float marke...
by fortyofforty
Sun Jun 10, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5433

Re: Jack Bogle on Fox Business Channel Friday June 8

Another interesting tidbit. At one point, Jack cites the Balanced Index Fund as one investment a person could buy and hold forever, without worrying about the percentage of stocks and bonds. Just buy and forget. He said only time will tell if it's a winning investment strategy. Many here would stron...
by fortyofforty
Sun Jun 10, 2018 9:15 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5433

Re: Jack Bogle on Fox Business Channel Friday June 8

Monkeyboy wrote:
Sun Jun 10, 2018 8:34 am
Did some of the people on this thread watch a different show? I never saw Maria interupt Jack Bogle once! I thought it was a good interview!
Some people see what they expect to see.
by fortyofforty
Sun Jun 10, 2018 8:18 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5433

Re: Jack Bogle on Fox Business Channel Friday June 8

Getting to watch the interview again this morning. Still going on as I write. Jack said something like, "A lot of trading goes on in ETF-land. That's not such a good thing." There are a lot of nuggets in Jack Bogle's interview. Maria Bartiromo so far has let Jack Bogle speak for quite a while, and w...
by fortyofforty
Sat Jun 09, 2018 9:09 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5433

Re: Jack Bogle on Fox Business Channel Friday June 8

(b) that Maria chose to have him as a guest. Unfortunately, most of her guests are closely associated with Wall Street. Yup. Maria is known as "Money Honey" in the Wall Street Banks. She was known as that when she worked for NBC. I haven't heard her called that in years. Try googling 'Money Honey'....
by fortyofforty
Sat Jun 09, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5433

Re: Jack Bogle on Fox Business Channel Friday June 8

I can't imagine why a show called Maria Bartiromo's Wall Street would actually cover, well, Wall Street. :wink:
by fortyofforty
Sat Jun 09, 2018 8:21 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5433

Re: Jack Bogle on Fox Business Channel Friday June 8

Frankly, I was surprised that (a) Jack agreed to be on this Fox program and, (b) that Maria chose to have him as a guest. Unfortunately, most of her guests are closely associated with Wall Street. But when she began her questions loaded with the oft-repeated criticisms of indexing, I understood. I ...
by fortyofforty
Sat Jun 09, 2018 8:16 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5433

Re: Jack Bogle on Fox Business Channel Friday June 8

AlphaLess wrote:
Sat Jun 09, 2018 3:22 am
Retired1809 wrote:
Fri Jun 08, 2018 10:09 pm
(b) that Maria chose to have him as a guest. Unfortunately, most of her guests are closely associated with Wall Street.
Yup. Maria is known as "Money Honey" in the Wall Street Banks.
She was known as that when she worked for NBC. I haven't heard her called that in years.
by fortyofforty
Sat Jun 09, 2018 8:14 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5433

Re: Jack Bogle on Fox Business Channel Friday June 8

Excuse me, how do I change my password??? I haven't found a FAQ on this. Every time I try to log on, I have to ask for a new password and this is frustrating. Help, please? Retired1809 You see your I'd on the upper right side, there you go to edit your profile, account settings, there you enter a n...
by fortyofforty
Fri Jun 08, 2018 7:30 pm
Forum: Investing - Theory, News & General
Topic: Q&A WITH JACK BOGLE - ASK YOUR QUESTIONS HERE
Replies: 46
Views: 9189

Re: Q&A WITH JACK BOGLE - ASK YOUR QUESTIONS HERE

Given your propensity to favor the simple over the complex, how would you rate the federal government's Thrift Savings Plan in terms of investment choices? Is it near to your ideal for a retirement plan?
by fortyofforty
Fri Jun 08, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5433

Re: Jack Bogle on Fox Business Channel Friday June 8

How insightful. Always amazingly clear, concise, and logical.
by fortyofforty
Fri Jun 08, 2018 6:32 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5433

Re: Jack Bogle on Fox Business Channel Friday June 8

Yes, I'm very much looking forward to it. Go, Jack, go!
by fortyofforty
Tue Jun 05, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Illiteracy’s High Cost
Replies: 30
Views: 3799

Re: Larry Swedroe: Financial Illiteracy’s High Cost

JoeRetire wrote:
Tue Jun 05, 2018 12:17 pm
fortyofforty wrote:
Tue Jun 05, 2018 9:37 am
If you haven't seen it for yourself, I can't help you.
You have to use your third eye...
Only need two. And reading comprehension. Might escape some, though.
by fortyofforty
Tue Jun 05, 2018 2:40 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Illiteracy’s High Cost
Replies: 30
Views: 3799

Re: Larry Swedroe: Financial Illiteracy’s High Cost

Forty forty, If you are talking about me, don’t understand at all how you can accuse me of being certain about something unknowable. I’ve promoted diversifying across factors and sources of return because I have no clue which factors will perform well and when. One of the reasons I use an advisor i...
by fortyofforty
Tue Jun 05, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Illiteracy’s High Cost
Replies: 30
Views: 3799

Re: Larry Swedroe: Financial Illiteracy’s High Cost

If you haven't seen it for yourself, I can't help you.
by fortyofforty
Mon Jun 04, 2018 5:49 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Illiteracy’s High Cost
Replies: 30
Views: 3799

Re: Larry Swedroe: Financial Illiteracy’s High Cost

http://www.etf.com/sections/index-investor-corner/swedroe-financial-illiteracys-high-cost Larry reviews the tragic lack of financial education and literacy in our society. He provides some statistics that support this thesis and then goes on to review a study that looked at the relationship between...
by fortyofforty
Mon Jun 04, 2018 6:27 am
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 4843

Re: Best case to convert a Bogle skeptic?

As tough as it is, I agree with the posters who suggest just living with it while your father is alive. Sure, it's worthwhile reducing the fees, if at all possible. You might also compare the days when advisers like your father provided real value to investors, and today, when advisers only have acc...
by fortyofforty
Sun Jun 03, 2018 7:34 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5433

Jack Bogle on Fox Business Channel Friday June 8

This Friday evening, June 8, 2018, on Fox Business channel, Jack Bogle is scheduled to appear on Maria Bartiromo's Wall Street. It should air at 8:00 p.m., at least on the East Coast. My DVR is set.
by fortyofforty
Fri Jun 01, 2018 8:51 pm
Forum: Investing - Theory, News & General
Topic: Really bad days (RBDs) and porfolio performance
Replies: 63
Views: 8457

Re: Really bad days (RBDs) and porfolio performance

Meh. I'll just keep DCAing my way to wealth, and play around the edges with such experiments. Bon chance! :beer
by fortyofforty
Wed May 30, 2018 8:41 pm
Forum: Investing - Theory, News & General
Topic: It's a Really Bad Day, Time to Buy
Replies: 46
Views: 4586

Re: It's a Really Bad Day, Time to Buy

Very interesting, rbaldini.
by fortyofforty
Wed May 30, 2018 5:43 pm
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 220
Views: 17665

Re: Buy on Really Bad Days, Sell on Really Good Days?

My thread is not about livesoft's criteria. It is open to all posters, who might have their own individual criteria for deciding what constitutes a Really Bad Day. I thought this was Bogleheads, not livesoftheads. I was deferring to Boglehead "fortyofforty" who said: "As the one labeled the "primar...
by fortyofforty
Wed May 30, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: It's a Really Bad Day, Time to Buy
Replies: 46
Views: 4586

Re: It's a Really Bad Day, Time to Buy

Being logged in for 6 and a half hours a day sounds like a lot of work. Fortunately I was able to rebalance yesterday; My login records show I was logged into my brokerage account for exactly 4 minutes to execute the paired sell/buy of bonds/equities. I got excellent deals. Of course, I won't stop ...
by fortyofforty
Wed May 30, 2018 5:04 pm
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 220
Views: 17665

Re: Buy on Really Bad Days, Sell on Really Good Days?

Would it be possible to .... Go ahead. You can do this yourself. Done. As the one labeled the "primary RBD advocate around here", I look to you to lead the charge! Unable to actually "sticky" a thread, though, which is quite different from simply starting a thread. Only a moderator can do that, as ...
by fortyofforty
Wed May 30, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 220
Views: 17665

Re: Buy on Really Bad Days, Sell on Really Good Days?

livesoft wrote:
Wed May 30, 2018 4:51 pm
Don't forget to announce your RBDs and describe explicitly what your criteria are for RBDs.
Or just talk about the ones past, and how we would have bought big on those days.
by fortyofforty
Wed May 30, 2018 4:59 pm
Forum: Investing - Theory, News & General
Topic: It's a Really Bad Day, Time to Buy
Replies: 46
Views: 4586

Re: When ...

I don't follow. The Dow is up 1.37% today, as of this writing. That's because the thread title should actually be: "When today is a Really Bad Day for X, post here before market closes please" (I think the requested 2 pm deadline is ridiculous.) Given that the market fluctuates sometimes many perce...
by fortyofforty
Wed May 30, 2018 4:47 pm
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 220
Views: 17665

Re: Buy on Really Bad Days, Sell on Really Good Days?

Would it be possible to .... Go ahead. You can do this yourself. Done. As the one labeled the "primary RBD advocate around here", I look to you to lead the charge! Unable to actually "sticky" a thread, though, which is quite different from simply starting a thread. Only a moderator can do that, as ...
by fortyofforty
Wed May 30, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 220
Views: 17665

Re: Buy on Really Bad Days, Sell on Really Good Days?

Of course. And I'm sure even you can admit that one person's Really Bad Day is not necessarily another person's RBD, or that the decision of what daily percentage drop constitutes a RBD is somewhat arbitrary. It's not something embarrassing to note this, so of course I "admit" it. Livesoft is the p...
by fortyofforty
Wed May 30, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 220
Views: 17665

Re: Buy on Really Bad Days, Sell on Really Good Days?

Why? The rules are linked just above and are prescriptive (they also do not change). Plus, some people own different assets; as we saw yesterday, a RGD for one asset (TLT - iShares Long-term Treasury) can be a RBD for another (FNDE - Schwab EM Value) or nothing at all for another (VOO - Vanguard S&...
by fortyofforty
Wed May 30, 2018 11:17 am
Forum: Investing - Theory, News & General
Topic: It's a Really Bad Day, Time to Buy
Replies: 46
Views: 4586

Re: It's a Really Bad Day, Time to Buy

livesoft wrote:
Wed May 30, 2018 11:13 am
Hmmm, this might cut into my paid newsletter subscriptions. :twisted: But that's OK.
Let's lock 'em in.
by fortyofforty
Wed May 30, 2018 11:15 am
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 220
Views: 17665

Re: Buy on Really Bad Days, Sell on Really Good Days?

Seems like waiting and only buying on RBDs is a winning long term strategy. Or is it? Are RBDs often followed by RBWs or RBMs? Is dollar cost averaging and not trying to time your purchases based on daily fluctuations better for Bogleheads seeking long term results? Seems like a pretty legitimate q...
by fortyofforty
Wed May 30, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: It's a Really Bad Day, Time to Buy
Replies: 46
Views: 4586

It's a Really Bad Day, Time to Buy

Here is the requested thread: When it's a Really Bad Day, please post your contention that it makes sense to buy stocks today as opposed to yesterday or tomorrow. And, please make sure you post before 2:00 p.m. Eastern time, so that those hypothetically purchasing mutual funds can lock in their "buy...
by fortyofforty
Wed May 30, 2018 11:03 am
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 220
Views: 17665

Re: Buy on Really Bad Days, Sell on Really Good Days?

Would it be possible to start a stickied thread in which we ask the RBD experts to declare, before 2:00 p.m., what constitutes a Really Bad Day? That way we could all see, clearly and publicly, whether they are truly able to make meaningful market calls. We could ask them to declare the Really Good...
by fortyofforty
Wed May 30, 2018 9:10 am
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 220
Views: 17665

Re: Buy on Really Bad Days, Sell on Really Good Days?

Would it be possible to start a stickied thread in which we ask the RBD experts to declare, before 2:00 p.m., what constitutes a Really Bad Day? That way we could all see, clearly and publicly, whether they are truly able to make meaningful market calls. We could ask them to declare the Really Good...
by fortyofforty
Wed May 30, 2018 8:36 am
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 220
Views: 17665

Re: Buy on Really Bad Days, Sell on Really Good Days?

Would it be possible to start a stickied thread in which we ask the RBD experts to declare, before 2:00 p.m., what constitutes a Really Bad Day? That way we could all see, clearly and publicly, whether they are truly able to make meaningful market calls. We could ask them to declare the Really Good ...
by fortyofforty
Tue May 29, 2018 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Is backdoor Roth IRA eliminated in 2018?
Replies: 19
Views: 3579

Re: Is backdoor Roth IRA eliminated in 2018?

Here's the direct text FTA and from the actual Tax Cuts and Jobs Act: At this point they might as well just allow a direct contribution. Nah, you gotta earn it. Yeah, why make something simple when you could make it complicated? :oops: That's the essence of the entire tax system. By some counts, it...
by fortyofforty
Mon May 28, 2018 9:02 am
Forum: Investing - Theory, News & General
Topic: Paul Merriman on Market Timing Discussion Thread
Replies: 22
Views: 2824

Re: Paul Merriman on Market Timing Discussion Thread

Nice that when a discussion revolves around what one particular investment adviser recommends, that very adviser makes an appearance to explain and discuss. Great environment for learning, this. :sharebeer
by fortyofforty
Sun May 27, 2018 5:19 pm
Forum: Investing - Theory, News & General
Topic: Three fund portfolio - Which bond fund?
Replies: 20
Views: 2747

Re: Three fund portfolio - Which bond fund?

for those of us living in the United States, please allow us a bit of parochialism in our choice of bond funds. Parochialism? Why? Why, what? Why is it a bit parochial to look only to the United States for fixed income (or, even, equities)? Or why would a United States-based investor look to the fi...
by fortyofforty
Sat May 26, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Is backdoor Roth IRA eliminated in 2018?
Replies: 19
Views: 3579

Re: Is backdoor Roth IRA eliminated in 2018?

Quite the contrary, Congress said backdoor Roths were straight up legit. http://www.wallstreetphysician.com/backdoor-roth-ira-legal/ Here's the direct text FTA and from the actual Tax Cuts and Jobs Act: ALTHOUGH AN INDIVIDUAL WITH AGI EXCEEDING CERTAIN LIMITS IS NOT PERMITTED TO MAKE A CONTRIBUTION...
by fortyofforty
Sat May 26, 2018 7:10 pm
Forum: Investing - Theory, News & General
Topic: Three fund portfolio - Which bond fund?
Replies: 20
Views: 2747

Re: Three fund portfolio - Which bond fund?

I like the 2 ETF portfolio. FTSE all world all cap equity index + Barclay Aggregate Global Bond Index (hedged to USD). VT + New Vanguard Global Bond ETF (could not find symbol). As a non-American investor, I would understand your desire to use a bond fund that focuses on the entire world. However, ...
by fortyofforty
Sat May 26, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Is backdoor Roth IRA eliminated in 2018?
Replies: 19
Views: 3579

Re: Is backdoor Roth IRA eliminated in 2018?

Quite the contrary, Congress said backdoor Roths were straight up legit. http://www.wallstreetphysician.com/backdoor-roth-ira-legal/ Here's the direct text FTA and from the actual Tax Cuts and Jobs Act: ALTHOUGH AN INDIVIDUAL WITH AGI EXCEEDING CERTAIN LIMITS IS NOT PERMITTED TO MAKE A CONTRIBUTION...
by fortyofforty
Fri May 25, 2018 8:08 pm
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 220
Views: 17665

Re: Buy on Really Bad Days, Sell on Really Good Days?

Buy on 10% market corrections that have no good basis for the correction, like the re-tracement in January-February. Sell into market euphoria, let the dollar cost averager's buying at the top take loses into the next correction, where you would be again buying from them. Also this is a good opport...
by fortyofforty
Fri May 25, 2018 6:32 pm
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 220
Views: 17665

Re: Buy on Really Bad Days, Sell on Really Good Days?

Buy on 10% market corrections that have no good basis for the correction, like the re-tracement in January-February. Sell into market euphoria, let the dollar cost averager's buying at the top take loses into the next correction, where you would be again buying from them. Also this is a good opport...
by fortyofforty
Thu May 24, 2018 8:57 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 131
Views: 18982

Re: GE and the myth of "safe blue-chip stocks"

Well, as the last of the original Dow Jones average constituents, I suppose it might be time for GE to go. It's been a hell of a run.
by fortyofforty
Mon May 21, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans To Launch Total World Bond ETF
Replies: 30
Views: 3428

Re: Vanguard Announces Plans To Launch Total World Bond ETF

To be totally "market neutral" would one have to invest all assets as a percentage of overall global capital allocations? Would an investor match how all investable assets are allocated? I believe bonds hold much more of the overall world's assets, but I don't remember where I read that. Would world...
by fortyofforty
Sun May 20, 2018 9:54 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: No Need For Corp Bonds?
Replies: 38
Views: 3930

Re: Larry Swedroe: No Need For Corp Bonds?

Also, what are the rebalancing characteristics? Daily, monthly, annually, or based on bands (or a combination of those factors)? Are they assumed perfect rebalancing points, or based on a set schedule? Finally, this is based on a lump sum, measured over time, without regard to periodic investments s...