Search found 25 matches

by iad
Thu Jan 25, 2018 7:31 am
Forum: Investing - Theory, News & General
Topic: Puzzled by Berkin & Swedroe contradiction re term premium
Replies: 4
Views: 662

Re: Puzzled by Berkin & Swedroe contradiction re term premium

Thanks to the replying parties for their excellent, helpful answers.
by iad
Mon Jan 22, 2018 10:06 am
Forum: Investing - Theory, News & General
Topic: Puzzled by Berkin & Swedroe contradiction re term premium
Replies: 4
Views: 662

Puzzled by Berkin & Swedroe contradiction re term premium

I'm puzzled by an apparent contradiction in Berkin and Swedroe's "Your complete guide to factor-based investing." In chapter 6 ("The term factor"), it is stated that "the longer the maturity, the higher the premium." By way of example, it is noted that the term premium on 20-year US government bonds...
by iad
Sun Mar 23, 2008 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Dollar-hedged government bond fund/ETF
Replies: 0
Views: 714

Dollar-hedged government bond fund/ETF

Does anyone know of a dollar-hedged fund or ETF comprised of non-U.S. advanced-sector government bonds, other than DFA's fund?

(PIMCO has a family of dollar-hedged ex-U.S. bond funds, but it doesn't confine itself exclusively to government bonds.)
by iad
Tue Mar 18, 2008 8:39 am
Forum: Investing - Theory, News & General
Topic: What if several brokerages & SIPC became insolvent?
Replies: 8
Views: 2214

Your brokerage protection is limited

Dothemontecarlo asks: " s anybody familiar with what protections (if any) brokerage customers have if their brokerage goes out of business?" A proper answer to this question is given in the March 18, 2008 Wall Street Journal, p. D3: "To the extent that the firm doesn't have the funds and securities ...
by iad
Tue Feb 12, 2008 2:42 pm
Forum: Investing - Theory, News & General
Topic: Another Ibbotson-Opinion-For-Hire paper
Replies: 2
Views: 1061

The poster contradicts himself

David Swenson, who is hardly a hired gun on this subject and is indeed tagged approvingly by the poster, extensively uses private equity in Yale's portfolio. It's just not an appropriate asset class for the ordinary Joe Investor.
by iad
Thu Jan 31, 2008 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Good 529 Plan with Foreign Equity Options
Replies: 11
Views: 2202

Tramper Al's suggestions

Tramper Al, thanks for bringing to my attention the excellent Virginia VEST 529 plan, with its all-TIPS and all-REIT options at a low management cost. My current 529 plan, NY's 529 College Savings Plan, also has an all-TIPS option but charges 0.55% per annum, whereas the Virginia plan charges only 0...
by iad
Wed Jan 30, 2008 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Good 529 Plan with Foreign Equity Options
Replies: 11
Views: 2202

Two 529 Plans with Vanguard International Equities

Lifesoft and Kenster1, thanks for your helpful posts. The College Savings Plan of Nebraska offers the Vanguard Total International Stock Index which, with its mix of Europe, Pacific, and Emerging Markets, would be an excellent choice were it not for the excessive fees charged ($20 + 0.60% per annum ...
by iad
Wed Jan 30, 2008 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Good 529 Plan with Foreign Equity Options
Replies: 11
Views: 2202

Kenster1 and Howdy, thanks for your replies. It sounds like I'm asking for The 529 Plan That Does Not Exist! The plans you two recommend have less than total foreign exposure. My problem is a peculiar one. My son's college education is already more than covered, so the 529 investment under considera...
by iad
Wed Jan 30, 2008 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Good 529 Plan with Foreign Equity Options
Replies: 11
Views: 2202

Good 529 Plan with Foreign Equity Options

I need a low-cost, no-broker 529 fund with a good foreign index fund, or better yet, a choice of both advanced sector and emerging sector index funds. Unfortunately, most of the good state 529 plans, especially those managed by Vanguard, concentrate on U.S. equity funds. Any recommendations? State t...
by iad
Mon Dec 24, 2007 11:55 pm
Forum: Investing - Theory, News & General
Topic: Simba's backtesting spreadsheet [a Bogleheads community project]
Replies: 1122
Views: 636809

Well said, Paul

Yes, that was the problem. I had used spaces rather than backspaces. That's ok in Excel, but it wasn't here. The backspaces fixed the problem.

Thanks.
by iad
Mon Dec 24, 2007 4:33 pm
Forum: Investing - Theory, News & General
Topic: Simba's backtesting spreadsheet [a Bogleheads community project]
Replies: 1122
Views: 636809

Yes, the columns add to 100%

The problem with my getting #VALUE! errors doesn't stem from the columns not adding up to 100%. They DO add up to 100% exactly. What's weird is that the "Compare 5 Portfolios" parts of the spreadsheet work fine for both 1972-2006 and 1985-2006 scenarios. It's just the top sections that fail in the r...
by iad
Mon Dec 24, 2007 12:34 pm
Forum: Investing - Theory, News & General
Topic: Simba's backtesting spreadsheet [a Bogleheads community project]
Replies: 1122
Views: 636809

#VALUE! error

The spreadsheet looks like a terrific tool. Unfortunately, when I put my numbers in, I get nothing but #VALUE! errors at the bottom, in rows 57-58 (Portfolio Growth - Nominal and Portfolio Growth - Real).

Does anyone have any idea what the problem is?
by iad
Thu Nov 22, 2007 12:39 am
Forum: Investing - Theory, News & General
Topic: Post date-of-death stock sales: long or short?
Replies: 4
Views: 1233

Thanks

Earlyout and Ken, thanks for the information I needed.
by iad
Thu Nov 22, 2007 12:36 am
Forum: Investing - Theory, News & General
Topic: Post date-of-death stock sales
Replies: 3
Views: 1117

livesoft

Thanks. That's the information I needed.

iad
by iad
Wed Nov 21, 2007 7:32 pm
Forum: Investing - Theory, News & General
Topic: Post date-of-death stock sales
Replies: 3
Views: 1117

Post date-of-death stock sales

I'm trying to figure out capital gains and losses for stock sales in 2007 for a trust of which I'm trustee. The grantor of the trust died in November 2006. Many of the grantor's stocks and bonds were sold four months later, in March 2007. As everyone here doubtless knows who has had experience with ...
by iad
Wed Nov 21, 2007 7:28 pm
Forum: Investing - Theory, News & General
Topic: Post date-of-death stock sales: long or short?
Replies: 4
Views: 1233

Post date-of-death stock sales: long or short?

I'm trying to figure out capital gains and losses for stock sales in 2007 for a trust of which I'm trustee. The grantor of the trust died in November 2006. Many of the grantor's stocks and bonds were sold four months later, in March 2007. As everyone here doubtless knows who has had experience with ...
by iad
Mon Aug 13, 2007 7:31 am
Forum: Investing - Theory, News & General
Topic: The Economist: Insured munis riskier than you think...
Replies: 28
Views: 7493

Still seeking pre-insured muni ratings

larryswedroe wrote: It is listed on the Bloomberg description page. riskaverse wrote: You can also find it on the Fitch/Moody's websites. If you want to buy individual muni's you can do it online via Scottrade ($10,000 min trade) amoung others. Gentlemen: I thank you for your endeavors to help me, b...
by iad
Sat Aug 11, 2007 11:33 am
Forum: Investing - Theory, News & General
Topic: The Economist: Insured munis riskier than you think...
Replies: 28
Views: 7493

For Larry Swedroe: "...and the trading desk?"

Larry Swedroe [in answer to my question as to how one gets a municipal rating independent of its insured rating]: IAD, our trading desk Larry, I apologize for chasing after you further on this, but I'm sure you can guess the inevitable follow-on question -- for Monday perhaps rather than this weeken...
by iad
Fri Aug 10, 2007 1:13 pm
Forum: Investing - Theory, News & General
Topic: The Economist: Insured munis riskier than you think...
Replies: 28
Views: 7493

Question for Larry Swedroe or other bond expert

Larry Swedroe writes: which is why it is important to NOT RELY on the insurance rating but the underlying rating. Example might be willing to buy only when underlying rating is at least AA or A (perhaps some percentage), and also to highly diversify across issuer and insurer if you buy insured bonds...
by iad
Thu Aug 09, 2007 4:14 pm
Forum: Investing - Theory, News & General
Topic: Limit orders
Replies: 0
Views: 702

Limit orders

When volatility is low, I buy and sell ETFs with market orders. Conversely, when volatility is high, I always place limit orders -- usually at the last bid or asked for sell or buys respectively. When I haven't done this, I've been burned by the transaction being closed at an adverse downtick or upt...
by iad
Thu Aug 09, 2007 9:00 am
Forum: Investing - Theory, News & General
Topic: Momentum for amateurs (att'n Larry Swedroe)
Replies: 18
Views: 4873

Are buy-sell ranges the best one can do?

Larry Swedroe: ...markets are not PERFECTLY efficient. Just highly efficient. And FAMA states that momentum is anomaly and not a risk story. Just a factor explaining returns. And even momentum tough to exploit. Trading costs too high; but you can use the information for more patient trading strategi...
by iad
Tue Aug 07, 2007 4:38 pm
Forum: Investing - Theory, News & General
Topic: Momentum for amateurs (att'n Larry Swedroe)
Replies: 18
Views: 4873

Rebalancing and momentum

Richard: Amateurs should not worry about transaction timing and should not think they can beat the market (i.e., do better than low cost index funds) using simple, easily available techniques. Duh. If you'd read my posts more carefully, you'd have realized that I was not talking about beating the ma...
by iad
Tue Aug 07, 2007 7:56 am
Forum: Investing - Theory, News & General
Topic: Momentum for amateurs (att'n Larry Swedroe)
Replies: 18
Views: 4873

Comments on Larry Swedroe's comments

[Larry Swedroe's comments are in italics] Dont know the "magic" formula but likely some type of moving average. That makes sense, but it would be difficult for an amateur to emulate without a workstation and a real-time data feed. But here is the problem. Trading costs exceed the momentum profits. S...
by iad
Mon Aug 06, 2007 3:56 pm
Forum: Investing - Theory, News & General
Topic: Momentum for amateurs (att'n Larry Swedroe)
Replies: 18
Views: 4873

Momentum for amateurs (att'n Larry Swedroe)

During the course of an interesting thread on the Morningstar forum ("DFA vs. Vanguard: Some Numbers"), Larry Swedroe -- in the course of explaining how DFA achieved excess returns -- said that one of its techniques was to not fight momentum. That is, DFA doesn't buy until downward momentum has ceas...
by iad
Mon Jul 09, 2007 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Lower utility bills: a practical concern for diehards
Replies: 34
Views: 11103

Given that the "science" behind claims that global warming is irreversible and anthropogenic is about as well founded as that of astrology, one might wish to hesitate before founding an investment strategy thereon. Admittedly, there are millions who steer their lives by tabloid astrology columns, an...