Search found 36239 matches

by Valuethinker
Tue Dec 18, 2018 6:57 am
Forum: Personal Consumer Issues
Topic: Vancouver BC/Vancouver Island Trip Summer 2019
Replies: 8
Views: 502

Re: Vancouver BC/Vancouver Island Trip Summer 2019

Hi all, Just starting to think about summer 2019. Every year while our kids are at summer camp, hubbie and I take a weeklong trip sans children. Last year we went to London, the year before New Mexico and Colorado, you get the idea. Anyway, we are looking at Vancouver/Victoria/Torfino for this summ...
by Valuethinker
Tue Dec 18, 2018 6:09 am
Forum: Investing - Help with Personal Investments
Topic: ESGV and VSGX [Vanguard Environmental, Social, and corporate Governance]
Replies: 5
Views: 353

Re: ESGV and VSGX [Vanguard Environmental, Social, and corporate Governance]

I have been curious about these funds as well. Long ago, when I was new to investing, I tried to go the SRI route but bailed due to high expenses and poor performance. ESGV and VSGX are priced at 0.12 and 0.15 respectively. Much more reasonable than other ESG/SRI options. The ex-Fossil Fuel part is...
by Valuethinker
Tue Dec 18, 2018 6:03 am
Forum: Investing - Theory, News & General
Topic: Bill Sharpe's preferred portfolio
Replies: 136
Views: 28892

Re: Bill Sharpe's preferred portfolio

November 30, 2018 FTSE numbers (in millions of USD): 27,519,857 - U.S. stocks - FTSE Global All-Cap index, U.S. breakdown 22,250,385 - ex U.S. stocks - FTSE Global All-Cap index minus U.S. 19,633,480 - U.S. bonds - FTSE US Broad Investment-Grade index 17,823,240 - ex U.S. bonds - FTSE World Broad I...
by Valuethinker
Tue Dec 18, 2018 6:00 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 231
Views: 17737

Re: What Happened to you during the Financial crisis of 2007–2008

Nothing at all happened to us. I kept my job. I did not change my investments or my asset allocation. My payroll deductions to the 401k continued. Did not appreciate the government meddling in the financial markets though. Deposit insurance? Bank runs? One of the world's top 5 financial institution...
by Valuethinker
Tue Dec 18, 2018 5:44 am
Forum: Investing - Help with Personal Investments
Topic: Long term investment - please, critisize my portfolio. [Russia]
Replies: 3
Views: 259

Re: Long term investment - please, critisize my portfolio. [Russia]

Hello everyone. One year ago, I decided to start long term investment. I did some researches and would like to show it someone who has more experience then me. I'm 28 years old, living in post-USSR, and going to invest through American broker. I have some emergency funds (cash, short term bonds), c...
by Valuethinker
Mon Dec 17, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: Not Fed's job to fix irrational market
Replies: 18
Views: 2094

Re: Not Fed's job to fix irrational market

rich126 wrote:
Mon Dec 17, 2018 8:10 am
I think we could easily debate the "incredibly solid US economy backdrop" comment but I'll leave that alone.
The Fed targets its measure of full employment (log normal of trend GDP growth). It then watches alertly for signs of inflationary pressures building.

That is what it is seeing, now.
by Valuethinker
Mon Dec 17, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: AGGG vs AGGU? (French, 30, living in Singapore)
Replies: 40
Views: 1882

Re: AGGG vs AGGU? (French, 30, living in Singapore)

I have always believed (but maybe am wrong) that the published ER (of UCITS funds) a reflection is of the cost of managing and operating the fund: consisting of the management fee and other expenses such as trustee, custody, registration fees and other operating expenses. In my idea the following a...
by Valuethinker
Mon Dec 17, 2018 10:24 am
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 136
Views: 10841

Re: Can I buy a Tesla?

I know this is an old thread. I was just reading some recent threads by valuethinker and they’re brilliant. I appreciate his/her ability to so clear articulate interesting insights. What is most impressive is that ValueThinker's comments are made from thousands of miles away and without having the ...
by Valuethinker
Mon Dec 17, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 136
Views: 10841

Re: Can I buy a Tesla?

I know this is an old thread. I was just reading some recent threads by valuethinker and they’re brilliant. I appreciate his/her ability to so clear articulate interesting insights. What is most impressive is that ValueThinker's comments are made from thousands of miles away and without having the ...
by Valuethinker
Mon Dec 17, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Getting your own money back: annuities vs. social security
Replies: 21
Views: 1407

Re: Getting your own money back: annuities vs. social security

One of the negatives about purchasing a lifetime annuity is that you'll just be getting paid your own money back for many years, and that may be all you get back before you croak. ? You are ignoring the importance of longevity insurance. That's what you are buying with an SPIA - freedom from the ri...
by Valuethinker
Mon Dec 17, 2018 7:45 am
Forum: Investing - Theory, News & General
Topic: What type of bond investor are you?
Replies: 30
Views: 1926

Re: What type of bond investor are you?

HEDGEFUNDIE wrote:
Mon Dec 17, 2018 3:49 am
There is a fifth category, people who know they should be more conservative in their AA but are loath to give up return. High yield corporate bonds fit the bill for them.
Make sure your credit spread is giving you adequate returns for the additional risk.
by Valuethinker
Mon Dec 17, 2018 5:31 am
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 136
Views: 10841

Re: Can I buy a Tesla?

I’m a relatively new attending (~2 years out) who cancelled my model 3 reservation when I got my invite to configure. But we have a LOT more debt than you and we’re focused on living like residents until it’s gone (never should have made the reservation in the first place - can’t afford any new car...
by Valuethinker
Mon Dec 17, 2018 5:17 am
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible Funds
Replies: 12
Views: 1211

Re: Socially Responsible Funds

Trying to compare performance of shariah-complaint actively managed funds, shariah-complaint passive funds, and vanguard sp500/total US, inclusive of fees Relevant tickets: Actively managed shariah compliant AMANX Amana Income Investor ER 1.12% AMAGX Amana Trust Growth ER 1.09% AMDWX Amana Developi...
by Valuethinker
Mon Dec 17, 2018 4:48 am
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 136
Views: 10841

Re: Can I buy a Tesla?

Just wanted to update here since I got so many useful replies. I bought the fully loaded model 3 :sharebeer Good for you. Cars are an odd mix of (1) practical necessity and (2) aesthetic consumption item - so which of the two are we after here? If (1) it's a hard "No, get (e.g.) a 5-year old Camry....
by Valuethinker
Mon Dec 17, 2018 4:05 am
Forum: Investing - Theory, News & General
Topic: Not Fed's job to fix irrational market
Replies: 18
Views: 2094

Re: Not Fed's job to fix irrational market

Tom Porcelli, chief U.S. economist at RBC Capital Markets "Last we checked, the Fed is in the business of addressing economic fundamentals, not the musings of a market that seems completely unwilling to acknowledge the incredibly solid U.S. economic backdrop,” Porcelli said. https://www.marketwatch...
by Valuethinker
Sun Dec 16, 2018 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Total US Bond Market for Europeans
Replies: 14
Views: 685

Re: Total US Bond Market for Europeans

I would go for the global aggregate bond fund hedged into Euro. No currency risk. Interest rate risk. Some credit risk. Dilutes exposure into italisn gov't debt. Probably an ok trade-off. I agree with Valuethinker for you the OP. You should use AGGH. [...] Gentlemen, thanks both for your input. I a...
by Valuethinker
Sun Dec 16, 2018 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Contra Fund
Replies: 24
Views: 2025

Re: Fidelity Contra Fund

Fidelity's Contrafund has a heavy tilt toward tech. I believe it had almost 8% in Facebook alone at one point, its largest holding at that time. Tech was certainly where it was at most of the year. However it is huge with 120 bil in assets. When Facebook book started to go south, you and I can sell...
by Valuethinker
Sun Dec 16, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: Do Factor Tilts, Such As Small Value, Increase Idiosyncratic Risk?
Replies: 48
Views: 1988

Re: Do Factor Tilts, Such As Small Value, Increase Idiosyncratic Risk?

I'm not sure what you mean by idiosyncratic risk. In the past, small-caps have consistently had more risk, by various measures, than the market as a whole; and value stocks have had more risk, by various measures than the market as a whole. I don't think that's seriously in dispute. What tilters sa...
by Valuethinker
Sun Dec 16, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: AGGG vs AGGU? (French, 30, living in Singapore)
Replies: 40
Views: 1882

Re: AGGG vs AGGU? (French, 30, living in Singapore)

Andrew, At least you have a home country and can go with Vanguard :happy I 'm an expat and have to buy bond ETFs from Blackrock :shock: What I do not get from these AGGG suite of ETFs: I am going un-hedged. Am I paying for the hedging of the other share classes? Who knows... Actually I'm an expat i...
by Valuethinker
Sun Dec 16, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Contra Fund
Replies: 24
Views: 2025

Re: Fidelity Contra Fund

Fidelity's Contrafund has a heavy tilt toward tech. I believe it had almost 8% in Facebook alone at one point, its largest holding at that time. Tech was certainly where it was at most of the year. However it is huge with 120 bil in assets. When Facebook book started to go south, you and I can sell...
by Valuethinker
Sun Dec 16, 2018 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Hedging Question
Replies: 4
Views: 498

Re: Hedging Question

Not quite. The cost of the currency hedge offsets the difference in risk free rates. If the US 10 year treasury bond is paying 3.0 per cent and the German 0.5 per cent hedging the USD bond into euros will cost roughly 2.5 per cent. This is called Covered Interest Parity. Do you know if this is this...
by Valuethinker
Sun Dec 16, 2018 10:28 am
Forum: Investing - Help with Personal Investments
Topic: AGGG vs AGGU? (French, 30, living in Singapore)
Replies: 40
Views: 1882

Re: AGGG vs AGGU? (French, 30, living in Singapore)

Thanks @Valuethinker and @ICH To be honest, the lack of a way to understand this more simply makes me want to run for home country based equities just so I at least understand why I am doing what I am doing. Vanguard Australia has a set of funds that split equities into this Unlinked to home curren...
by Valuethinker
Sun Dec 16, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: AGGG vs AGGU? (French, 30, living in Singapore)
Replies: 40
Views: 1882

Re: AGGG vs AGGU? (French, 30, living in Singapore)

The funds follow the same index. Hence the bonds they contain will be the same. Where they differ is in the assets (futures, options, swaps, ....) they hold to hedge the currency volatility. The impact of the hedging is hence not visible in the ER. I suspected this was the case. There are hedged fu...
by Valuethinker
Sun Dec 16, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Law school without practicing law
Replies: 79
Views: 5410

Re: Law school without practicing law

True Story: When trying to figure out what to major in at college, I did the "What Color is Your Parachute?" exercise and interviewed people who had jobs/careers I thought I would like. Particularly I wanted to know what they all majored in to help me settle on a major. Well, their undergraduate st...
by Valuethinker
Sun Dec 16, 2018 8:10 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 231
Views: 17737

Re: What Happened to you during the Financial crisis of 2007–2008

I was in my early 60's at the time and had a secure job and an AA of Equities/Fixed Income of 70/30. I had already experienced the bear market in the 80's, which I had ridden out fine at a much higher allocation to equities. I am guessing you mean October 19, 1987? The Crash? In fact, the market en...
by Valuethinker
Sun Dec 16, 2018 8:01 am
Forum: Investing - Help with Personal Investments
Topic: AGGG vs AGGU? (French, 30, living in Singapore)
Replies: 40
Views: 1882

Re: AGGG vs AGGU? (French, 30, living in Singapore)

The funds follow the same index. Hence the bonds they contain will be the same. Where they differ is in the assets (futures, options, swaps, ....) they hold to hedge the currency volatility. The impact of the hedging is hence not visible in the ER. I suspected this was the case. There are hedged fu...
by Valuethinker
Sun Dec 16, 2018 6:04 am
Forum: Investing - Help with Personal Investments
Topic: AGGG vs AGGU? (French, 30, living in Singapore)
Replies: 40
Views: 1882

Re: AGGG vs AGGU? (French, 30, living in Singapore)

The hedging costs will not be in the Expense Ratio I don't think.

They will be very small. Probably 1 to 2 basis points.
by Valuethinker
Sun Dec 16, 2018 5:46 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Contra Fund
Replies: 24
Views: 2025

Re: Fidelity Contra Fund

Majority of the portfolio is in index funds. However, while perhaps not in keeping with BH philosophy, DW and I have a long term position in Fidelity Contra fund. Has done fairly well in the long term, and it’s held in DW’s IRA. We like it since the manager seems to understand the FANG stocks. As b...
by Valuethinker
Sat Dec 15, 2018 5:16 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 231
Views: 17737

Re: What Happened to you during the Financial crisis of 2007–2008

Advice is; diversify, diversify, diversify. What happened? Rentals stayed the same, rental income stayed the same. Alternative investment Reits stayed the same, income stayed the same. Annuities stayed the same 403b/457 stocks and bonds went down (and have now rebounded) Vanguard went down (and has...
by Valuethinker
Sat Dec 15, 2018 5:11 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 231
Views: 17737

Re: What Happened to you during the Financial crisis of 2007–2008

Retired in 2003 having read all the Boglehead info I could get I had made my pile and was in Global Index Trackers with an Asset Allocation relevant to my age ie 40% Equities/60% Bonds(thanks Jack!) Enough cash for 3-4 years fortuitously to hand due to a U.K. pension perk -25% of Pension can be tak...
by Valuethinker
Sat Dec 15, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 86
Views: 3994

Re: Should I buy a Tesla?

....I don't like the Tesla valuation and capital structure which are wrong for the risks. The CEO is out of control and senior management turnover is frightening. .... Interesting read 12.13.18 - DR. ELON & MR. MUSK: LIFE INSIDE TESLA'S PRODUCTION HELL Thank you. Musk is a genius. PayPal Space X Te...
by Valuethinker
Sat Dec 15, 2018 10:56 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 86
Views: 3994

Re: Should I buy a Tesla?

Does the bottom line ($40k) Tesla have all the Auto-drive features? From what I have read from Autonomous Vehicle blogs Musk's commentary on same is actually dangerous? Misrepresenting what the technology can do? This car is not safe in AV mode. Full driver attention is required. It will try to dri...
by Valuethinker
Sat Dec 15, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 86
Views: 3994

Re: Should I buy a Tesla?

Musk stated last Sunday on 60 minutes that the company is billions (not millions) of dollars in debt (even with tax subsidies) and that if the model 3 does not sell well then the company will go bankrupt. Tax subsidies are no longer a given. Further, Musk's responses during the interview were less ...
by Valuethinker
Sat Dec 15, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: (U.K Investor) Would you recommend this index?
Replies: 12
Views: 559

Re: (U.K Investor) Would you recommend this index?

Hi Bogleheads. Just seeking a bit of clarity. After some thought I've decided I would like to halve my equities between a global small cap index and a global large cap index. (Also hold market weighted emerging) I invest through Vanguard UK and half is in their global small cap fund. The fund I am ...
by Valuethinker
Sat Dec 15, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Total US Bond Market for Europeans
Replies: 14
Views: 685

Re: Total US Bond Market for Europeans

I agree with Valuethinker for you the OP. You should use AGGH. Two questions for Valuethinker: 1. Should we (USD zone) also use the global bonds instead of the USD TBM? No. You have Usd liabilities so USD assets. Credit risk of TBM is low. 2. 15% of our port (25% of FI) is in USD TIPS. Should we gl...
by Valuethinker
Sat Dec 15, 2018 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Hedging Question
Replies: 4
Views: 498

Re: Hedging Question

I apologise in advance if this is a silly question, I am a bit ashamed of asking it. I have always assumed that the purpose of hedging a bond fund is to ensure that the fund's performance is replicated in a different currency from the fund's base one. So that whatever performance was generated in t...
by Valuethinker
Sat Dec 15, 2018 7:04 am
Forum: Investing - Help with Personal Investments
Topic: Total US Bond Market for Europeans
Replies: 14
Views: 685

Re: Total US Bond Market for Europeans

2 From Ireland iShares: SUAG (USD distributing) or IUAE (hedged to Euros accumulating). Thanks :happy I have now narrowed it down to IUAE and AGGH PS The reason I don't want European bonds is that, as a southern European, I am concerned about the future of the EU. I already have a ton of "exposure"...
by Valuethinker
Sat Dec 15, 2018 7:01 am
Forum: Investing - Help with Personal Investments
Topic: Total US Bond Market for Europeans
Replies: 14
Views: 685

Re: Total US Bond Market for Europeans

2 From Ireland iShares: SUAG (USD distributing) or IUAE (hedged to Euros accumulating). Thanks :happy I have now narrowed it down to IUAE and AGGH PS The reason I don't want European bonds is that, as a southern European, I am concerned about the future of the EU. I already have a ton of "exposure"...
by Valuethinker
Sat Dec 15, 2018 5:41 am
Forum: Investing - Help with Personal Investments
Topic: (U.K Investor) Would you recommend this index?
Replies: 12
Views: 559

Re: (U.K Investor) Would you recommend this index?

Hi Bogleheads. Just seeking a bit of clarity. After some thought I've decided I would like to halve my equities between a global small cap index and a global large cap index. (Also hold market weighted emerging) I invest through Vanguard UK and half is in their global small cap fund. The fund I am ...
by Valuethinker
Sat Dec 15, 2018 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Law school without practicing law
Replies: 79
Views: 5410

Re: Law school without practicing law

Honestly, law school doesn’t teach you anything you can’t learn on your own. If you have no intention of practicing or using your JD, why go through the expense and work? OP stated the reason up front, which seems quite valid to me: I fully understand no one can prevent being sued, including lawyer...
by Valuethinker
Sat Dec 15, 2018 4:11 am
Forum: Investing - Help with Personal Investments
Topic: (U.K Investor) Would you recommend this index?
Replies: 12
Views: 559

Re: (U.K Investor) Would you recommend this index?

Hi Bogleheads. Just seeking a bit of clarity. After some thought I've decided I would like to halve my equities between a global small cap index and a global large cap index. (Also hold market weighted emerging) I invest through Vanguard UK and half is in their global small cap fund. The fund I am ...
by Valuethinker
Sat Dec 15, 2018 3:30 am
Forum: Investing - Help with Personal Investments
Topic: Curious on how total market funds are constructed
Replies: 8
Views: 675

Re: Curious on how total market funds are constructed

Note that for funds investing in countries like China where a large proportion shares of major companies are not available to the public, the weighting is not by market cap but by market "float". That's one of the sometimes unstated advantages of cap-weighted index funds. They don't have to trade j...
by Valuethinker
Fri Dec 14, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: Will the 2008 recession help avoid severity of the next recession?
Replies: 39
Views: 2268

Re: Will the 2008 recession help avoid severity of the next recession?

A much larger percentage of the US population is aware of how average people felt, how we all think, and what happens during a recession due to forums. Before 08, it was essentially what you read in a book, or saw on TV from a professional. That is more hard to sympathize with and trust than forums...
by Valuethinker
Fri Dec 14, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: Is there any market that is not inflated?
Replies: 58
Views: 3618

Re: Is there any market that is not inflated?

First we need to strip out currency. To a modest extent, stronger USD probably lowers the profits of US companies (because they earn so much money abroad). But it definitely raises the relative performance of the US index. From the historical data I've seen the ratio of the Euro to the USD now is s...
by Valuethinker
Fri Dec 14, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: Will the 2008 recession help avoid severity of the next recession?
Replies: 39
Views: 2268

Re: Will the 2008 recession help avoid severity of the next recession?

Not an economist or a psychologist, but I think the severity of the 08 recession was due to the cause: a near meltdown of global financial institutions. There is a complex interaction. The MBS/ CDO boom had allowed the US housing sector to grow disproportionately relative to the economy as a whole....
by Valuethinker
Fri Dec 14, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Potential New Home - Planes and Trains Noise
Replies: 35
Views: 2520

Re: Potential New Home - Planes and Trains Noise

I used to live within a block of a train crossing. You get used to it after a few months. We would have visitors who would say: “How do you stand that noise?” I would hear it all evening because they called it to my attention. Next day I wouldn’t notice it. I have fond memories of living near the t...
by Valuethinker
Fri Dec 14, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: 20 Year Guaranteed Term Non Smoker Life Insurance
Replies: 14
Views: 664

Re: 20 Year Guaranteed Term Non Smoker Life Insurance

My father has an existing 20 Year Guaranteed Term Non Smoker life insurance policy from Brighthouse financial/life insurance. The policy is for $250,000 and he is asking me if he should keep paying it. I have no clue about these instruments... He is 70 years old and the policy cost is almost $6,000...
by Valuethinker
Fri Dec 14, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Recession Coming
Replies: 49
Views: 6084

Re: Recession Coming

https://www.cbsnews.com/news/most-cfos-see-a-u-s-recession-coming-by-2020/ We all claim nobody knows nothing about the markets but when you get stories like the one above, people start to believe it and it becomes as self fulfilling prophecy. Exactly! I for one am of the (strong) opinion that there...
by Valuethinker
Fri Dec 14, 2018 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Sell off company stock and reinvest in ETFs?
Replies: 9
Views: 705

Re: Sell off company stock and reinvest in ETFs?

Sell. Your only real consideration is whether to split this over 2 tax years - your window for this year is fast closing? You cannot time the volatility of the S&P 500. FWIW though markets often rally in January (or even late December) as the market shrugs off its fears. But you can't time the vola...
by Valuethinker
Fri Dec 14, 2018 5:55 am
Forum: Personal Finance (Not Investing)
Topic: [Germany] New to the site - something I've been looking for long time. How to proceed?
Replies: 10
Views: 831

Re: [Germany] New to the site - something I've been looking for long time. How to proceed?

Hi, I am 26 year old frugal male who just entered workforce. I work as software developer in Germany and unfortunatelly I cannot amass fortune as fast as I would be capable in US. I have zero debt, no kids and I'm not married. On average I manage to save 1.2-1.5k euro monthly (after paying rent) an...