Search found 33294 matches

by Valuethinker
Sun Jan 21, 2018 7:04 am
Forum: Investing - Theory, News & General
Topic: Currency risk for non-US residents
Replies: 6
Views: 345

Re: Currency risk for non-US residents

Hi Bogleheads, I invest in the US due to tax restrictions (PFIC laws), but my future spending is not going to be in USD, as I live overseas and plan to stay here. I currently have a 3-fund portfolio, with a reasonably high allocation to Intl (37%). I am becoming more concerned with the currency ris...
by Valuethinker
Sat Jan 20, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 91
Views: 6178

Re: Lost money through Bitconnect scam - learned my lesson

I’ve been living the Boglehead life for the past 6-7 years. Three fund portfolio and have stuck to the plan. I’ve also made a lot of money so my net worth has risen substantially from income and investments. More money just meant more savings and I’ve also been paying down my mortgage. Until Januar...
by Valuethinker
Sat Jan 20, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 91
Views: 6178

Re: Lost money through Bitconnect scam - learned my lesson

Everyone knows something is a scam in hindsight. Quite frankly it doesn't really matter if the outcome is the same. In 1998 you might have admitted putting money into Enron was speculating (though people thought they were "investing" in Enron). By 2002 everyone knows Enron was a criminal scam. Sema...
by Valuethinker
Sat Jan 20, 2018 9:38 am
Forum: Investing - Theory, News & General
Topic: How do Bogleheads reconcile efficient markets theory with Bitcoin?
Replies: 45
Views: 2073

Re: How do Bogleheads reconcile efficient markets theory with Bitcoin?

Most Economic theories, to be tractable, assume that there's no transaction costs and that there's complete/perfect information in the market. That is the case with EMT. Most versions of EMT will make an exception for inside information precisely because of the information asymmetry that insiders h...
by Valuethinker
Sat Jan 20, 2018 4:09 am
Forum: Investing - Help with Personal Investments
Topic: Ireland domiciled ETF vs Unit Trust [Non-US]
Replies: 4
Views: 299

Re: Ireland domiciled ETF vs Unit Trust [Non-US]

A Unit Trust represent a fixed pool investment offered for sale on the open market. I don't believe that is the case here. A UIT (unit investment trust) is a closed ended fund in the US. In Ireland and the UK a Unit Trust can be an open ended investment vehicle that operates similarly to the open-e...
by Valuethinker
Sat Jan 20, 2018 4:06 am
Forum: Investing - Help with Personal Investments
Topic: Investing in Indian Stock Market - Fund selection
Replies: 14
Views: 1078

Re: Investing in Indian Stock Market - Fund selection

Investing in Indian Stock Market is great but don't you need to have an ADAR card and bank account associated with it? I am not sure if it is open to international investors. The returns on Indian stock index funds are in the 25-33% vicinity easily/year. I know all bogleheads including me should ne...
by Valuethinker
Sat Jan 20, 2018 4:04 am
Forum: Investing - Help with Personal Investments
Topic: Investing in Indian Stock Market - Fund selection
Replies: 14
Views: 1078

Re: Investing in Indian Stock Market - Fund selection

I would highly recommend the emerging markets ETF by Vanguard. There might be great returns in the Indian stock market, but you might find those returns being eaten up by currency fluctuations... The conventional problem with the ETFs is a heavy weighting towards China. Diluting any exposure to Ind...
by Valuethinker
Fri Jan 19, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Investing in Indian Stock Market - Fund selection
Replies: 14
Views: 1078

Re: Investing in Indian Stock Market - Fund selection

I would highly recommend the emerging markets ETF by Vanguard. There might be great returns in the Indian stock market, but you might find those returns being eaten up by currency fluctuations... The conventional problem with the ETFs is a heavy weighting towards China. Diluting any exposure to Ind...
by Valuethinker
Fri Jan 19, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: High Dividend Stocks as bond substitute?
Replies: 30
Views: 1619

Re: High Dividend Stocks as bond substitute?

First, I find this forum very useful, lots of good information here. I feel like I am ready to drink the proverbial coolaid and commit to an asset allocation model portfolio. In principal I would like to go 70/30 stocks bonds, but I am really concerned about macro issues that surround bonds. 1. Fro...
by Valuethinker
Fri Jan 19, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: High Dividend Stocks as bond substitute?
Replies: 30
Views: 1619

Re: High dividend stocks as bond substitute?

I think the key thing would be to buy companies which have a very good chance of surviving the coming years of disruption. A lot of high dividend king stocks have been a sensible investment for the past 100 years. But that doesn't mean they will be safe for the next hundred... There are actually ve...
by Valuethinker
Fri Jan 19, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: High Dividend Stocks as bond substitute?
Replies: 30
Views: 1619

Re: High Dividend Stocks as bond substitute?

Equities are not bonds, nor are they a substitute. Agree but the OP does have a point with being at end of a secular bond bull market. Bond rates should rise in the next few years. After all, they did so from these levels for the Eurozone and for Japan? Equities are not a bond substitute, but what ...
by Valuethinker
Fri Jan 19, 2018 6:47 am
Forum: Personal Finance (Not Investing)
Topic: The wisdom of buying a car that doesn't depreciate (much)
Replies: 36
Views: 5440

Re: The wisdom of buying a car that doesn't depreciate (much)

I am a car guy. Always have been. If you look through my previous posts, you'll see I bought a 2000 Porsche Boxster S three years ago when it was pretty much fully depreciated. Unfortunately, that blew up in my face (almost literally) when the engine was destroyed 200 miles after picking it up in S...
by Valuethinker
Fri Jan 19, 2018 6:42 am
Forum: Personal Finance (Not Investing)
Topic: The wisdom of buying a car that doesn't depreciate (much)
Replies: 36
Views: 5440

Re: The wisdom of buying a car that doesn't depreciate (much)

Here's my take on it: some people really enjoy cars. If it's something that bring them happiness/joy they should absolutely buy whatever they want... even if it is a "bad investment". But they should not seek to justify it as an "investment". Owning a car is, pure and simple, consumption. There's a...
by Valuethinker
Fri Jan 19, 2018 6:01 am
Forum: Local Chapters and Bogleheads Community
Topic: this is why I value this Forum
Replies: 2
Views: 860

this is why I value this Forum

viewtopic.php?f=1&t=238161&p=3729290#p3729290

See the post by Nords re military on disability retiring to Hawaii.

It's just full of direct and seemingly sensible advice, pointed right at the OP's concerns, and anchored in personal experience.
by Valuethinker
Fri Jan 19, 2018 5:59 am
Forum: Personal Finance (Not Investing)
Topic: Can We Retire in Hawaii? Please Critique
Replies: 143
Views: 11835

Re: Can We Retire in Hawaii? Please Critique

Good grief, folks, after reading the first dozen responses to this thread I wondered whether this is the Bogleheads forum or Mr. Money Mustache? Why so much negativity? Where’s the support on figuring out how to make it work? With a poster name like SurferLife, the question is not “if” or “when” th...
by Valuethinker
Fri Jan 19, 2018 5:54 am
Forum: Investing - Help with Personal Investments
Topic: Investing in Indian Stock Market - Fund selection
Replies: 14
Views: 1078

Re: Investing in Indian Stock Market - Fund selection

https://www.barrons.com/articles/invest ... 1400777246

looks like there are a few closed end funds investing in India. IIF in particular.
by Valuethinker
Fri Jan 19, 2018 5:51 am
Forum: Investing - Help with Personal Investments
Topic: My bond portfolio has lost 3% before I’ve even started. Thoughts?
Replies: 1
Views: 791

Re: My bond portfolio has lost 3% before I’ve even started. Thoughts?

This is a simple yet complex issue. I am British but for various reasons held a lot of my money in other currencies. I had a large amount in USD. My intention was to convert this as/when I needed it. As is typical now is the time at which I need it. I have been coming up with an investment plan and...
by Valuethinker
Fri Jan 19, 2018 5:36 am
Forum: Investing - Help with Personal Investments
Topic: Exit strategy for bitcoin
Replies: 71
Views: 4672

Re: Exit strategy for bitcoin

Lauretta BTW if you are still holding Bitcoin there is a case for still holding on. I held Nortel (down from $125, bought at $25) all the way down to 1 cent. This was, at one point, the largest telecommunications equipment company in the world-- and capitalized at something like 1/4 of the whole Can...
by Valuethinker
Fri Jan 19, 2018 5:23 am
Forum: Investing - Help with Personal Investments
Topic: Exit strategy for bitcoin
Replies: 71
Views: 4672

Re: Exit strategy for bitcoin

I wonder if there will be collectable bitcoins? Since all transactions are remembered for all time, maybe the bitcoin you bought was used to pay someone for a murder or to help fund nuclear weapons in North Korea? Will those end up being worth more? Yes I heard that argument. But perhaps my bitoins...
by Valuethinker
Fri Jan 19, 2018 4:45 am
Forum: Investing - Help with Personal Investments
Topic: Futures on inflation-linked bonds
Replies: 4
Views: 351

Re: Futures on inflation-linked bonds

Hi 24/7bull, and welcome to the forum. I looked it up for you: TIPS futures . PJW I think it's obvious the question was asked because simple searches don't turn up much. "Does X exist and where?" is a fairly reasonable question to ask where you're not sure if something just doesn't exist or is obsc...
by Valuethinker
Fri Jan 19, 2018 4:42 am
Forum: Investing - Theory, News & General
Topic: International Bonds
Replies: 30
Views: 3096

Re: International Bonds

If currency is unhedged then what you have is a currency speculation fund. The bond returns will be very small compared to that volatility. I would be interested in you elaborating on why you chose to use the term "speculation" Currencies should, in the long run, yield no net return*. Just volatili...
by Valuethinker
Thu Jan 18, 2018 12:59 pm
Forum: Investing - Theory, News & General
Topic: Best Index to follow Global Bond Market
Replies: 7
Views: 614

Re: Best Index to follow Global Bond Market

The difference in amounts of emerging market government debt weighting in an index like Citi WBIG and in a fund like Vanguard's global bond is probably because the WBIG index tries to be all inclusive, while the fund follows an index for investment grade bonds only. The smaller amount of emerging m...
by Valuethinker
Thu Jan 18, 2018 12:10 pm
Forum: Investing - Theory, News & General
Topic: 0% growth on stocks for the next decade?
Replies: 16
Views: 1891

Re: 0% growth on stocks for the next decade?

In an article on March 22, 2017, Bogle was quoted as saying that investors should expect a 4% annual nominal return on stocks over the next decade (2% dividend + 2% growth). https://www.cnbc.com/2017/03/22/jack-bogle-believes-the-stock-market-will-return-only-4-annually-over-the-next-decade.html I ...
by Valuethinker
Thu Jan 18, 2018 12:08 pm
Forum: Personal Consumer Issues
Topic: London/Paris Trip Questions
Replies: 41
Views: 1604

Re: London/Paris Trip Questions

I'm personally not a fan of hop on/hop off busses but some travelers are and if you are in London only for a few days that might be an option you want to consider. For a short visit I'd focus on Central London and save day trips like Stonehenge for another trip. Euro Disney is easily accessible by ...
by Valuethinker
Thu Jan 18, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Can We Retire in Hawaii? Please Critique
Replies: 143
Views: 11835

Re: Can We Retire in Hawaii? Please Critique

Looking for multiple sets of eyes to review our dream retirement plan and provide guidance on how to make it happen. We are a military family that is quickly approaching early retirement with great anticipation and trepidation. I will be retiring in 28 months, and our desire is to retire in Hawaii ...
by Valuethinker
Thu Jan 18, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Can We Retire in Hawaii? Please Critique
Replies: 143
Views: 11835

Re: Can We Retire in Hawaii? Please Critique

Sonny and Cher: Scrimp for 2-3 years to afford a vacation in Europe . Captain and Tennille: Scrimp for 2-3 years to afford a vacation to Asia and Europe . maybe i don't understand this because i've only lived here for a little under a year, but why would you save up for a vacation when you live in ...
by Valuethinker
Thu Jan 18, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: London/Paris Trip Questions
Replies: 41
Views: 1604

Re: London/Paris Trip Questions

1. Is it cheaper to purchase plane tickets and book the hotel online (e.g. Travelocity, Expedia etc.)? Or should I look for a travel agent here in the US to help. +1 to other posters, just use Google Flights for Flights, and online booking sites for hotel. I've been to London quite a few times (goi...
by Valuethinker
Thu Jan 18, 2018 7:35 am
Forum: Investing - Theory, News & General
Topic: US stock market vs USD
Replies: 9
Views: 1250

Re: US stock market vs USD

The Dow has had an amazing year: Is this a coincidence or is there a relationship? Would it be valid to say that the gains in the US market somehow aren't "real" because they're only perceived from within the US? I suspect the answer is going to be "it's complicated" or "it depends", because when I...
by Valuethinker
Thu Jan 18, 2018 7:30 am
Forum: Investing - Theory, News & General
Topic: US stock market vs USD
Replies: 9
Views: 1250

Re: US stock market vs USD

Your base currency is the currency of future spending i.e. liabilities. (note a mortgage is a liability for future housing costs, in a way - or at least one could probably look at it that way since ownership is an alternative to renting). That's not easy to work out, sometimes, but the US has a surp...
by Valuethinker
Thu Jan 18, 2018 7:24 am
Forum: Investing - Theory, News & General
Topic: 0% growth on stocks for the next decade?
Replies: 16
Views: 1891

Re: 0% growth on stocks for the next decade?

In an article on March 22, 2017, Bogle was quoted as saying that investors should expect a 4% annual nominal return on stocks over the next decade (2% dividend + 2% growth). https://www.cnbc.com/2017/03/22/jack-bogle-believes-the-stock-market-will-return-only-4-annually-over-the-next-decade.html I ...
by Valuethinker
Thu Jan 18, 2018 6:16 am
Forum: Investing - Theory, News & General
Topic: Avoiding being priced out in Los Angeles by buying the stock market
Replies: 27
Views: 3729

Re: Returns correlated to Los Angeles real estate prices

Shiller & Weiss were trying to create property derivatives by US metropolitan housing market. I think they were launched but are not particularly liquid. But check Shiller & Weiss's web pages, and also google "property derivative US metropolitan housing" and see if you get anything (also House price...
by Valuethinker
Thu Jan 18, 2018 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing real estate in Philly
Replies: 13
Views: 1254

Re: Purchasing real estate in Philly

Hi everyone, first post here. I first became interested when I got a real job and realized I hadn't a clue about personal finance. Marketplace Weekend was a great source of information, but sadly it's no longer useful. As such, I'm glad I found this place. I'm interested in purchasing real estate i...
by Valuethinker
Thu Jan 18, 2018 5:31 am
Forum: Investing - Theory, News & General
Topic: Nostalgic about old online brokerages that no longer exist
Replies: 43
Views: 4677

Re: Nostalgic about old online brokerages that no longer exist

"Seized by the Crown" of course means by the Canadian government (whose head of state is Elizabeth of Saxe-Coborg-Gotha (Windsor) and whose representative is a governor general "appointed" (really selected on the advice of the Prime Minister) by the Queen). So it would be the Canadian government. ....
by Valuethinker
Wed Jan 17, 2018 4:51 pm
Forum: Personal Consumer Issues
Topic: London/Paris Trip Questions
Replies: 41
Views: 1604

Re: London/Paris Trip Questions

Hi there! I have a few questions that I hope you can help me with. I am planning a 10-day trip to London and Paris this June with my family (2 adults & a 6 year old). We will split the time equally between the two locations. I have never been to Europe and literally know nothing about it. I did som...
by Valuethinker
Wed Jan 17, 2018 4:50 pm
Forum: Investing - Theory, News & General
Topic: Nostalgic about old online brokerages that no longer exist
Replies: 43
Views: 4677

Re: Nostalgic about old online brokerages that no longer exist

I don’t know what this is trying to get at but TD bank, a Canadian institution, owns a large share of TD Ameritrade. Iirc 40%. I know the "TD" in TD Bank's name stands for Toronto Dominion. Does anyone know if it means the same in Ameritrade and Waterhouse? I think Toronto Dominion is origin but it...
by Valuethinker
Wed Jan 17, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Floating Rate Income Funds
Replies: 6
Views: 393

Re: Floating Rate Income Funds

There are non-leveraged, regular ETFs covering the bank loans space, though these tend to necessarily focus on the relatively more liquid parts of that market (so a little higher quality perhaps). Still, underlying liquidity is poor. You could also just look at short-term junk bonds rather than ban...
by Valuethinker
Wed Jan 17, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: Energy sector time to turn around?
Replies: 45
Views: 3900

Re: Energy sector time to turn around?

Going back to the OP, what does the renewable revolution (mostly electricity) have to do with energy companies (mostly oil)?? A lot. On electrical generation, until a few years ago, it was a LOT of coal and some (subsidized) nukes b/c gas and oil were both consistently more expensive and renewables...
by Valuethinker
Tue Jan 16, 2018 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Clarification on bond choices [UK]
Replies: 7
Views: 425

Re: Clarification on bond choices [UK]

Perfect. Based on this I have changed the Euro bond fund for a Gilt fund. Arguably direct gilts might be better for that portion but at least with ETFs it is a more explicit what you see is what you get. That leaves me: 50% 1-3 year US Treasury https://www.ishares.com/uk/individual/en/products/2517...
by Valuethinker
Tue Jan 16, 2018 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio design (U.K)...Please?
Replies: 8
Views: 420

Re: Help with portfolio design (U.K)...Please?

Thank you valuethinker all very helpful. My reason for weighting more towards u.s than u.k is probably a reflection of most of my reading and longer term belief in u.s market. But you have to believe that the market does not already factor that into its valuation of the US and non-US markets. That ...
by Valuethinker
Tue Jan 16, 2018 5:58 am
Forum: Investing - Help with Personal Investments
Topic: Clarification on bond choices [UK]
Replies: 7
Views: 425

Re: Clarification on bond choices [UK]

Thanks for the food for thought. Interestingly I had considered buying a couple of short date GILTs independently through my broker. You avoid the OCF but lose the diversification (within the fund). That said as you have outlined I don’t see credit risk as being an issue so I don’t see a lack of in...
by Valuethinker
Sun Jan 14, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: REIT or No REIT
Replies: 85
Views: 7735

Re: REIT or No REIT

I would not but any private reits. Don't trust them. I own AIV, MAA, EQR, IRT atm. Might consider avalon after more research. That's pretty much the BH consensus, I think. Lots of horror stories here by people who got suckered into them by financial advisers, are now trying to get out (that can tak...
by Valuethinker
Sun Jan 14, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: REIT or No REIT
Replies: 85
Views: 7735

Re: REIT or No REIT

I feel that you can get a lot of exposure to all but the residential real estate sector just through a broad market index. And if commercial REITs fall because of online shopping, stocks like Amazon will rise to compensaate for that. But I do think the residential real esate sector (especially sing...
by Valuethinker
Sun Jan 14, 2018 1:17 pm
Forum: Personal Consumer Issues
Topic: Is this solar panel bid reasonable?
Replies: 47
Views: 2425

Re: Is this solar panel bid reasonable?

Having been in the PV industry for a dozen years, owning 30% of an installation company in the South Bay Area and currently a product manager at a company that manufactures inverters for the PV industry I can't believe the misinformation and just plain wrong ideas and concepts being discussed as fa...
by Valuethinker
Sun Jan 14, 2018 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Clarification on bond choices [UK]
Replies: 7
Views: 425

Re: Clarification on bond choices [UK]

I have done my research and was hoping that some more experienced users could confirm my understanding and approach. I have chosen my AA and begun investing the equity portion. I am now looking to invest the bond portion. The intention of bonds in my portfolio is to act as a diversification tool to...
by Valuethinker
Sun Jan 14, 2018 8:56 am
Forum: Investing - Theory, News & General
Topic: Energy sector time to turn around?
Replies: 45
Views: 3900

Re: Energy sector time to turn around?

Do read Dieter Helm's Burn Out. It really does sketch out where this world is going. I do suspect he has an opinion on the matter. Here's another http://corporate.exxonmobil.com/en/energy/energy-outlook Both are biased. I suspect one is biased toward selling books , and one is biased toward long te...
by Valuethinker
Sun Jan 14, 2018 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio design (U.K)...Please?
Replies: 8
Views: 420

Re: Help with portfolio design (U.K)...Please?

Hi All I'm new to investing and after reading common sense investing and Bogleheads guide I've taken the plunge and set up a Vanguard U.K account. The problem I'm having at the moment is that Vanguard U.K offers different selection and think a more limited choice of mutual fund/ETF's this is also t...
by Valuethinker
Sun Jan 14, 2018 8:27 am
Forum: Investing - Help with Personal Investments
Topic: REIT or No REIT
Replies: 85
Views: 7735

Re: REIT or No REIT

I'm helping my brother with his long term investing. He does not have access to a tax-advantaged account at the moment. Perhaps in 2-3 years but still uncertain. The allocation I would like for him is: 80% Stocks (US, Dev-Ex US, EM) 10% Reits (US, International) 10% US long term bonds The Question ...
by Valuethinker
Sat Jan 13, 2018 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Pension service credit purchase: yes or no?
Replies: 16
Views: 914

Re: Pension service credit purchase: yes or no?

I'm currently a public school teacher in the middle of my 2nd year of teaching in WA with 9 years of additional experience teaching in TX. The WA teacher's pension program has a service credit purchase (buy-back) provision allowing me to purchase up to 7 years of experience teaching in another stat...
by Valuethinker
Sat Jan 13, 2018 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: mlp's Master Limited Partnerships
Replies: 26
Views: 1657

Re: mlp's Master Limited Partnerships

Does anyone here own any of these? i think i have watched every youtube video on these. They are very intriguing investments. I am well aware of the tax implications and the high volatility. Are these just a no no in the bogleheads community? Like some thoughts, expierences etc etc on these. If you...
by Valuethinker
Sat Jan 13, 2018 11:19 am
Forum: Investing - Theory, News & General
Topic: Energy sector time to turn around?
Replies: 45
Views: 3900

Re: Energy sector time to turn around?

I was thinking of buying an energy sector ETF with a bit of play money, for what it's worth. Seems like it may have bottomed out, but you never know. Does anyone know of an energy ETF that contains alternatives? VDE apparently only has fossil fuel stocks, as far as I can tell. The renewable energy ...