Search found 37603 matches

by Valuethinker
Tue Jun 25, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Help choose COLA Pension or Not
Replies: 9
Views: 305

Re: Help choose COLA Pension or Not

My father is 64 soon to be 65. He will be eligible for his pension at age 65 beginning Sept. 1, 2019. He has two Options: a) $2650 per month beginning Sept. 1, 2019. No cost of living adjustment. b) $1946 per month beginning Sept. 1, 2019 with Cost of living adjustment. The COLA is this.. It is tie...
by Valuethinker
Tue Jun 25, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 22
Views: 2596

Re: Should I buy a condo in Chicago?

I have lost who is replying to who in the above, so have anonymized. The rule for cold weather cities is that they decline in population and economic importance*. Detroit is the poster child. But Buffalo, Cleveland, Akron, Cincinnati (to a lesser extent) etc. New York was once in that death spiral,...
by Valuethinker
Tue Jun 25, 2019 11:06 am
Forum: Personal Investments
Topic: Corporate Bond Fund Advice? STTPRC
Replies: 4
Views: 151

Re: Corporate Bond Fund Advice? STTPRC

These are not corporate bonds. They’re not ‘extremely safe’ either in the sense the advisor sold them to you when he made you believe they were bonds. They’re equity but are bond like in some ways. They are preferred shares in state street. The original yield was 5.25%, they yield 5.1% at current p...
by Valuethinker
Tue Jun 25, 2019 11:05 am
Forum: Investing - Theory, News & General
Topic: I'm still young but...
Replies: 31
Views: 4106

Re: I'm still young but...

Anyone who has lived through previous bill runs, were people pessimistic about them? Yes for sure. My late parents were always pessimistic but they didn't talk too much about it. They were always talking to me about how I should never trust the financial markets and banks. Both families lived throu...
by Valuethinker
Tue Jun 25, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 22
Views: 2596

Re: Should I buy a condo in Chicago?

The statements above, "The possibility of a death spiral of higher taxes leading to businesses relocating, taking higher paid executives who pay those taxes with them is very real. Then a death spiral of worse public services and higher taxes leading to more cuts." made me laugh out loud. Sure, som...
by Valuethinker
Tue Jun 25, 2019 8:30 am
Forum: Personal Consumer Issues
Topic: British Columbia summer vacation
Replies: 11
Views: 583

Re: British Columbia summer vacation

Good evening BH friends. Looking for advice for those who either live or have taken vacations to British Columbia. We will definitely visit Vancouver via car rental but from there our plans are open on where to drive to. Options include but are not limited to Whistler and Kamloops. Please give my f...
by Valuethinker
Tue Jun 25, 2019 8:28 am
Forum: Personal Consumer Issues
Topic: British Columbia summer vacation
Replies: 11
Views: 583

Re: British Columbia summer vacation

Another vote for Victoria, truly one of the most beautiful places in the world. I would say the city itself is a bit cute, a bit post-colonial. It looks what you would expect an ex British colony, first world modern, would look like - things like the Empire Hotel & the Legislature which hearken bac...
by Valuethinker
Tue Jun 25, 2019 8:22 am
Forum: Investing - Theory, News & General
Topic: Vanguard Research Paper on Inflation
Replies: 7
Views: 1008

Re: Vanguard Research Paper on Inflation

In the day, ibonds had a fierce following here. In fact they still do. If a couple can buy the maximum ibonds for say 15 years, that's $300k. That's significant. If they have surplus assets can do so in retirement as well. You will find lots of ibond fans here. Back "in the day" you could get iBond...
by Valuethinker
Tue Jun 25, 2019 7:43 am
Forum: Investing - Theory, News & General
Topic: Defined Contribution Pension vs 401K?
Replies: 6
Views: 523

Re: Defined Contribution Pension vs 401K?

I have been reading a lot about pensions. A percentage of my friends have worked less time and retiring early and they all claim it's because of their pension. To me a pension and 401K are very similar. You and your employer contribute a certain amount to the pension/401K over a period of time. I d...
by Valuethinker
Tue Jun 25, 2019 5:05 am
Forum: Non-US Investing
Topic: Australian citizen investing in Australian property from the USA
Replies: 13
Views: 620

Re: Australian citizen investing in Australian property from the USA

Very similar to Toronto/ Vancouver. Interesting how closely you describe it. In the 1990s Canada had the worst recession of the postwar years. Property prices plunged. One government initiative to fight this was an "entrepreneurs" immigration scheme where you invested ?CAD 500k? in a government spo...
by Valuethinker
Tue Jun 25, 2019 4:46 am
Forum: Non-US Investing
Topic: Australian citizen investing in Australian property from the USA
Replies: 13
Views: 620

Re: Australian citizen investing in Australian property from the USA

I certainly don't disagree with you on the incentives of real estate agents. As I said, I have no direct experience. I have only heard other people say they've used buyers agents to do the local leg work for them and to bid at auction for them. Caveat emptor. I sometimes come off as blunt or overly...
by Valuethinker
Tue Jun 25, 2019 4:43 am
Forum: Personal Consumer Issues
Topic: British Columbia summer vacation
Replies: 11
Views: 583

Re: British Columbia summer vacation

Good evening BH friends. Looking for advice for those who either live or have taken vacations to British Columbia. We will definitely visit Vancouver via car rental but from there our plans are open on where to drive to. Options include but are not limited to Whistler and Kamloops. Please give my f...
by Valuethinker
Tue Jun 25, 2019 4:23 am
Forum: Personal Consumer Issues
Topic: hybrid or plug-in electric car
Replies: 95
Views: 6484

Re: hybrid or plug-in electric car

With budget in mind, and assuming that consuming new products has a negative carbon effect, I used a carbon calculator to see what the cost is at your $5/Ton offset. A 2014 Honda Pilot driven in the city for 12000/year produces less than 6 tons of emissions. Annual rain forest investment for an ind...
by Valuethinker
Tue Jun 25, 2019 4:13 am
Forum: Investing - Theory, News & General
Topic: Vanguard Research Paper on Inflation
Replies: 7
Views: 1008

Re: Vanguard Research Paper on Inflation

Everyone knows inflation won't be a big problem in the near future. The contrarian in me wants to be fearful when others are greedy and buy inflation protection now. I Bonds yield 0.5% real right now which makes them attractive compared to TIPS. Unfortunately the $10k/year per person limit is the r...
by Valuethinker
Tue Jun 25, 2019 2:49 am
Forum: Personal Consumer Issues
Topic: hybrid or plug-in electric car
Replies: 95
Views: 6484

Re: hybrid or plug-in electric car

Somewhat negatively, I am also increasingly convinced this sucker is going to blow, it's going to be very bad, and survival of western civilisation is not certain. Human extinction is not likely (bar a nuclear war & associated nuclear winter) but it's indeed possible. Recent events have convinced m...
by Valuethinker
Tue Jun 25, 2019 2:19 am
Forum: Personal Consumer Issues
Topic: hybrid or plug-in electric car
Replies: 95
Views: 6484

Re: hybrid or plug-in electric car

Somewhat negatively, I am also increasingly convinced this sucker is going to blow, it's going to be very bad, and survival of western civilisation is not certain. Human extinction is not likely (bar a nuclear war & associated nuclear winter) but it's indeed possible. Recent events have convinced m...
by Valuethinker
Mon Jun 24, 2019 3:54 pm
Forum: Personal Investments
Topic: Non traded BDC help
Replies: 6
Views: 310

Re: Non traded BDC help

http://mediacenter.toppanmerrill.com/interface/viewer.asp?LocationID=8996353&ClientID=63&Purpose=HUMAN_VIEW&Caller=RETRIEVE_FILE I looked at the presentation. FWIW I don't understand the Preference - common stock split, and I suspect the tax filing will be a real pain Nonetheless it is KKR (the worl...
by Valuethinker
Mon Jun 24, 2019 3:50 pm
Forum: Personal Investments
Topic: Non traded BDC help
Replies: 6
Views: 310

Re: Non traded BDC help

I inherited a small position (10k) in a non traded BDC. As you can imagine this investment has lost half its value since it was bought and, being non liquid, has been near impossible to cash out. I learned today this company is merging with another and is essentially frozen for an indefinite period...
by Valuethinker
Mon Jun 24, 2019 3:44 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer private equity investments? Thoughts?
Replies: 66
Views: 5459

Re: Vanguard to offer private equity investments? Thoughts?

I'm am starting to question Vanguard's business plan. I learned on this forum that the ownership structure of Vanguard is better and the Johnson family et al might trick us out of our money. Try calling in like you own the place. :happy But wouldn't it be wonderful if Vanguard actually communicated...
by Valuethinker
Mon Jun 24, 2019 9:49 am
Forum: Personal Consumer Issues
Topic: hybrid or plug-in electric car
Replies: 95
Views: 6484

Re: hybrid or plug-in electric car

A contrarian idea: keep your current depreciated car and buy carbon credits to offset the carbon you produce. Invest the rest. You’ll be carbon neutral and significantly ahead monetarily. Not to mention having less carbon impact by reducing new consumption. I am not at all convinced the Carbon Cred...
by Valuethinker
Mon Jun 24, 2019 9:25 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer private equity investments? Thoughts?
Replies: 66
Views: 5459

Re: Vanguard to offer private equity investments? Thoughts?

This news item is reported in the online edition of today's Wall Street Journal It’s about time. This is a win for the little guy :greedy When the little guy gets in, the smart money gets out. Guess who’s going to be left holding the bag? I tend to agree. We are surely near the end of a bull cycle ...
by Valuethinker
Mon Jun 24, 2019 8:56 am
Forum: Non-US Investing
Topic: Young Aussie - Anxious but Ambitious Planning
Replies: 24
Views: 1161

Re: Young Aussie - Anxious but Ambitious Planning

Hi all I'm a native Australian who intends to stay in Australia, no plans of moving. I live in a low cost of living city (not Sydney or Melbourne). I'm about to wrap up at university and have secured an investment banking type job (just not at a large public bank). My pre-tax salary is $70,000 - ho...
by Valuethinker
Mon Jun 24, 2019 8:36 am
Forum: Non-US Investing
Topic: UK Investors - What is your portfolio
Replies: 33
Views: 1954

Re: UK Investors - What is your portfolio

My Fund based investments (e.g ISA) are going towards Vanguard LifeStrategy 80% For ETF based investments, I do 80% VWRL 20% AGBP (Global aggregate bonds, hedged to GBP) Investment is simple Perfectly simple. Investment is hard because sticking to plan and holding your nerve is hard, there's a tend...
by Valuethinker
Mon Jun 24, 2019 8:35 am
Forum: Non-US Investing
Topic: Australian citizen investing in Australian property from the USA
Replies: 13
Views: 620

Re: Australian citizen investing in Australian property from the USA

Some considerations As a non-resident • You don't get the tax free threshold, so you pay income tax on net rental income from the first dollar at 32% • You don't get the 50% CGT discount when you sell • If you invest in Queensland, they don't even care if you're a citizen, you will pay absentee lan...
by Valuethinker
Mon Jun 24, 2019 8:18 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer private equity investments? Thoughts?
Replies: 66
Views: 5459

Re: Vanguard to offer private equity investments? Thoughts?

I'm baffled by the interest some have in "Private Equity". If it was available for you to buy, it would no longer be "Private Equity", it would just be publicly owned equity with poor liquidity, poor disclosures, and un-audited balance sheets. It's almost like the SEC regulations that restrict how/...
by Valuethinker
Sun Jun 23, 2019 10:26 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer private equity investments? Thoughts?
Replies: 66
Views: 5459

Re: Vanguard to offer private equity investments? Thoughts?

I can't access the article. Google "vanguard private equity" Okay, found the article and was able to read it. Thanks. Sounds like Vanguard is considering offering private equity through its Personal Advisory Service. Let's see, maybe Vanguard will offer Alternative Lending, Reinsurance, and Varianc...
by Valuethinker
Sun Jun 23, 2019 10:23 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer private equity investments? Thoughts?
Replies: 66
Views: 5459

Re: Vanguard to offer private equity investments? Thoughts?

Private companies are currently very highly levered, with leveraged loans (definition is something like >6x EBITDA) dominating the worry list of regulators. Obviously every fund is different but I question how much of an edge these “we target middle market firms with $10-$100 million of EBITDA and ...
by Valuethinker
Sun Jun 23, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 22
Views: 2596

Re: Should I buy a condo in Chicago?

I'm a couple of years into a biglaw job, have paid off all my student debt, and have enough saved for a down payment on a condo. I'm financially ready to buy a place, but am torn about whether it's a good decision. My primary reason for buying a place is to lock in monthly living costs. Before I li...
by Valuethinker
Sun Jun 23, 2019 6:02 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 210
Views: 16725

Re: Crypto bulls are back. Are you getting in?

Nobody—and I mean that literally—has found a viable use for blockchain technology. Turns out there's not much reason to want an extremely slow distributed database. I'm extremely skeptical of Calibra. Facebook has had a terrible track record in launching new products. They were a one-hit wonder tha...
by Valuethinker
Fri Jun 21, 2019 4:50 am
Forum: Investing - Theory, News & General
Topic: What rating bonds are considered investment grade ?
Replies: 24
Views: 1369

Re: What rating bonds are considered investment grade ?

I'm wondering how one would choose out of the following 4 funds. I have left out the corporate higher yield funds for obvious reasons. AAA AA A BBB 74.3% 19.2% 3.7% 2.8% 80.4% 19.6% 42.0% 16.3% 23.5% 17.2% 39.5% 17.7% 35.3% 7.4% 1. Stable developed country, mostly government bonds, bit of high grad...
by Valuethinker
Fri Jun 21, 2019 4:27 am
Forum: Investing - Theory, News & General
Topic: What rating bonds are considered investment grade ?
Replies: 24
Views: 1369

Re: What rating bonds are considered investment grade ?

I'm wondering how one would choose out of the following 4 funds. I have left out the corporate higher yield funds for obvious reasons. AAA AA A BBB 74.3% 19.2% 3.7% 2.8% 80.4% 19.6% 42.0% 16.3% 23.5% 17.2% 39.5% 17.7% 35.3% 7.4% 1. Stable developed country, mostly government bonds, bit of high grad...
by Valuethinker
Thu Jun 20, 2019 4:55 pm
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 168
Views: 12356

Re: Why do large personal portfolios include bonds?

Trying to work out which percentage is in which market to calculate total world return. I am pretty sure D & M do it, but I don't have a full copy available to me. Which percentage are you referring to as the antecedent here? I lost your reference on that one. These calculations always worry me, be...
by Valuethinker
Thu Jun 20, 2019 3:26 pm
Forum: Non-US Investing
Topic: Bond options
Replies: 15
Views: 1512

Re: Bond options

Ah you are right such a mine field! Really I am looking for a simple portfolio that is diverse and most likely to do well over the long term. VWRL has the diversity of stocks covered. The bond part has always vexed me in regard to what would complement it best long term?! IGLH will do you fine. Goo...
by Valuethinker
Thu Jun 20, 2019 8:50 am
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 168
Views: 12356

Re: Why do large personal portfolios include bonds?

[ Really interesting stuff Valuethinker To go back to your original question, I remember reading that very wealthy people hold: - real estate assets - equity primarily in the form of shares in family businesses - think the Thomson family (Thomson Reuters as was), or the Zuckerbergs etc. - bonds of ...
by Valuethinker
Thu Jun 20, 2019 8:46 am
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 168
Views: 12356

Re: Why do large personal portfolios include bonds?

Broadly any currency weighted basket you use is going to involve arbitrary assumptions (particularly given that exchange rates were fixed over much of this period. Agreed - I generally just look at numbers like GNI PPP per capita from the various international organizations and then choose which co...
by Valuethinker
Thu Jun 20, 2019 8:12 am
Forum: Investing - Theory, News & General
Topic: What rating bonds are considered investment grade ?
Replies: 24
Views: 1369

Re: What rating bonds are considered investment grade ?

I'm wondering how one would choose out of the following 4 funds. I have left out the corporate higher yield funds for obvious reasons. AAA AA A BBB 74.3% 19.2% 3.7% 2.8% 80.4% 19.6% 42.0% 16.3% 23.5% 17.2% 39.5% 17.7% 35.3% 7.4% 1. Stable developed country, mostly government bonds, bit of high grad...
by Valuethinker
Thu Jun 20, 2019 6:58 am
Forum: Investing - Theory, News & General
Topic: What rating bonds are considered investment grade ?
Replies: 24
Views: 1369

Re: What rating bonds are considered investment grade ?

I'm wondering how one would choose out of the following 4 funds. I have left out the corporate higher yield funds for obvious reasons. AAA AA A BBB 74.3% 19.2% 3.7% 2.8% 80.4% 19.6% 42.0% 16.3% 23.5% 17.2% 39.5% 17.7% 35.3% 7.4% 1. Stable developed country, mostly government bonds, bit of high grad...
by Valuethinker
Thu Jun 20, 2019 6:00 am
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 168
Views: 12356

Re: Why do large personal portfolios include bonds?

I don't know if anyone has done the work. It's a good bet you can use Wall Street as a proxy for 1929-1940. The problem is that you have all these -100% markets: Shanghai, Berlin etc. A related problem is the real return looks a lot better than the nominal return - the price level actually *fell*. ...
by Valuethinker
Thu Jun 20, 2019 5:43 am
Forum: Non-US Investing
Topic: UK resident, US and U.K. taxpayer, ETF investing
Replies: 13
Views: 549

Re: UK resident, US and U.K. taxpayer, ETF investing

Perhaps Schwab International, if you plead hard enough? They may have no problem offering US domiciled ETFs to anybody, because they are not bound by EU regulations. If you have a US address you can use, that might help. As a US citizen, you will find it hard to impossible to open accounts with man...
by Valuethinker
Thu Jun 20, 2019 5:09 am
Forum: Personal Consumer Issues
Topic: Has anyone been to Armenia or "Stans" such as Kazakhstan
Replies: 13
Views: 2168

Re: Has anyone been to Armenia or "Stans" such as Kazakhstan

I went to Uzbekistan and Tajikistan in September 2018. If you love architecture, you will love Uzbekistan. I did Bukhara, Samarkand, Tashkent and Khiva - Samarkand is famous for its palaces and mosques, but I loved Khiva, one of the "caravan stops" on the Silk Road, which was much smaller and more ...
by Valuethinker
Thu Jun 20, 2019 3:28 am
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 168
Views: 12356

Re: Why do large personal portfolios include bonds?

I never fully understood the case for a significant bond holding in either large or small portfolios. I don't quite see the need in the case of retirement savings with the typical 3%-4% WR. Seems like 100% US stock with no bonds has been safe based on all the studies and tables that I've seen. I th...
by Valuethinker
Thu Jun 20, 2019 3:13 am
Forum: Non-US Investing
Topic: Bond options
Replies: 15
Views: 1512

Re: Bond options

All this information has been great, thank you so much. I am really starting to feel like I am making a much more informed choice now as, like glorat suggested, it is hard to find good advice about bond ETFs for Brits. The talk of the risk of Italy; Aggregate bonds correlating more with equities; a...
by Valuethinker
Thu Jun 20, 2019 3:09 am
Forum: Non-US Investing
Topic: UK resident, US and U.K. taxpayer, ETF investing
Replies: 13
Views: 549

Re: UK resident, US and U.K. taxpayer, ETF investing

Welcome. Thank you for the very comprehensive response. I invest through Interactive Brokers, but they don’t appear to allow me to invest in US funds (I assume for the reasons you outline above). I’m doubly hurt because my employer won’t allow me to buy single stocks, so I feel like I’m being restr...
by Valuethinker
Thu Jun 20, 2019 3:03 am
Forum: Personal Consumer Issues
Topic: Has anyone been to Armenia or "Stans" such as Kazakhstan
Replies: 13
Views: 2168

Re: Has anyone been to Armenia or "Stans" such as Kazakhstan

I went to Uzbekistan and Tajikistan in September 2018. If you love architecture, you will love Uzbekistan. I did Bukhara, Samarkand, Tashkent and Khiva - Samarkand is famous for its palaces and mosques, but I loved Khiva, one of the "caravan stops" on the Silk Road, which was much smaller and more ...
by Valuethinker
Wed Jun 19, 2019 12:10 pm
Forum: Non-US Investing
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 156
Views: 29586

Re: Study: The Rate of Return on Everything, 1870-2015

It would be interesting to see how post 1970 data compares to your findings here: https://finpage.blog/2017/03/25/investing-in-the-world-part-2 I wonder if going back as far as 1950+ could be a bit misleading as many European countries were rebuilding from the aftermath of WWII between 1950 and 197...
by Valuethinker
Wed Jun 19, 2019 11:47 am
Forum: Non-US Investing
Topic: UK resident, US and U.K. taxpayer, ETF investing
Replies: 13
Views: 549

Re: UK resident, US and U.K. taxpayer, ETF investing

Thank you for the very comprehensive response. I invest through Interactive Brokers, but they don’t appear to allow me to invest in US funds (I assume for the reasons you outline above). I’m doubly hurt because my employer won’t allow me to buy single stocks, so I feel like I’m being restricted on ...
by Valuethinker
Wed Jun 19, 2019 11:10 am
Forum: Non-US Investing
Topic: UK resident, US and U.K. taxpayer, ETF investing
Replies: 13
Views: 549

Re: UK resident, US and U.K. taxpayer, ETF investing

BTW you might get a better response if you asked on the non US investing sub forum, here.
by Valuethinker
Wed Jun 19, 2019 11:07 am
Forum: Non-US Investing
Topic: Defined benefit vs Accumulation superannuation?
Replies: 9
Views: 861

Re: Defined benefit vs Accumulation superannuation?

For example, the UK has a bonkers idea of a pension ' lifetime allowance ', currently just over £1m, such that any pension savings that rise above this are taxed punitively on withdrawal. Under this silly scheme, UK defined benefits pensions get much better treatment than defined contribution ones....
by Valuethinker
Wed Jun 19, 2019 10:51 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 321
Views: 37337

Re: How Bad was 2008, really?

Reichman has his name inscribed on the 2nd floor marble floor landing as you look upon the large palm tree foyer of World Financial Center, now known as Brookfield Place. Quirky bunch. O & Y closed early on Fridays and religious holidays. They lived near my aunt, tore down 2 houses to build one (th...
by Valuethinker
Wed Jun 19, 2019 10:47 am
Forum: Non-US Investing
Topic: UK resident, US and U.K. taxpayer, ETF investing
Replies: 13
Views: 549

Re: UK resident, US and U.K. taxpayer, ETF investing

I’m sorry, I don’t know if this is a US or U.K. forum question so I’ve gone with the US. I’m a U.K. resident who holds U.K. and US citizenship. I therefore pay U.K. tax by virtue of living in the U.K. and a US taxpayer by virtue of being a US citizen. I understand the standard US Vanguard funds are...