Search found 34817 matches

by Valuethinker
Wed Aug 15, 2018 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Investment Advice Sought
Replies: 11
Views: 865

Re: Investment Advice Sought

Hello Everyone, I wanted to first say that I appreciate the forum and the time more seasoned investors dedicate to helping younger investors. Emergency funds: 3 Mos Debt:0 Tax Filing Status: Single Tax Rate: xx% Federal, xx% State (Unsure) State of Residence:VA Age: 30 Desired Asset allocation: xx%...
by Valuethinker
Wed Aug 15, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 254
Views: 14860

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Depends on your dating of the Fall of Rome ;-). Note that the Roman Republic lasted a lot shorter time. The Roman Empire was very different - it was deliberately multicultural (making citizens of prominent members of *all* the subject peoples) and latterly Rome was capital in name only - the real c...
by Valuethinker
Wed Aug 15, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Housing affordability - what is your take?
Replies: 65
Views: 5336

Re: Housing affordability - what is your take?

Couple things. Seems like you are buying a family house as a single person. You are buying in a ritzy area. $500/sqft is ritzy. ;-). The poorest, cheapest area of London (London Borough of Barking and Dagenham) is c. £500 psf (say USD 650-700). I could show you what USD 500 would buy you here, thin...
by Valuethinker
Wed Aug 15, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance tax on UK assets owned by non-UK residents?
Replies: 11
Views: 466

Re: Inheritance tax on UK assets owned by non-UK residents?

More generally, even for UK-domiciled assets, I can't believe that the British happily fork over 40% of everything above GBP 325,000 to the government when they pop off. Happily? No, not at all. It's a ridiculously low exemption, and hasn't been uprated for inflation in decades. The major assets of...
by Valuethinker
Wed Aug 15, 2018 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Why bonds when they return nothing over inflation?
Replies: 17
Views: 2554

Re: Why bonds when they return nothing over inflation?

"Bonds are not in my portfolio to make money, they are to provide downside support against volatility in my portfolio." This is paraphrased from Paul Merriman and the actual quote is in my IPS. Again, personal finance is personal. As long as one can sleep well at night with their allocation AND not...
by Valuethinker
Wed Aug 15, 2018 7:47 am
Forum: Investing - Theory, News & General
Topic: Anyone see any benifit to CEFs (close end funds)?
Replies: 17
Views: 745

Re: Anyone see any benifit to CEFs (close end funds)?

I use XMPT which is a muni bond ETF that follows the S-Network Municipal Bond Closed-End Fund Index. I wanted the leverage and didn't want to have to choose a single CEF. I read everything I could about how such funds performed in previous rising rate environments and was confident I could hold to ...
by Valuethinker
Wed Aug 15, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: Are merchants more (too) careless these days?
Replies: 24
Views: 1741

Re: Are merchants more (too) careless these days?

An interesting reply to my self is that companies are seeking to drive up productivity to reduce labour costs. Amazon is famous for this.

That pushes workers to work harder, and they make more mistakes. The equivalent of speeding up a car production line, where quality control is not measured.
by Valuethinker
Wed Aug 15, 2018 7:27 am
Forum: Personal Consumer Issues
Topic: Are merchants more (too) careless these days?
Replies: 24
Views: 1741

Re: Are merchants more (too) careless these days?

The solution, of course, is for companies to pay more highly and get better people. They fiercely resist this. Wage growth stays stuck at c. 2.5% and does not comfortably beat inflation. Real wages, especially at the bottom of the employment pyramid, are not rising - from memory they are just about...
by Valuethinker
Wed Aug 15, 2018 6:48 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 254
Views: 14860

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Seriously though, I wouldn't bet against the US. Yes, every party comes to an end, but parties can go on much longer than you can imagine. Even if the US lasts half as long as the Roman empire, it would sill have a good 200 years ahead of it. Depends on your dating of the Fall of Rome ;-). Note tha...
by Valuethinker
Wed Aug 15, 2018 5:40 am
Forum: Investing - Theory, News & General
Topic: Anyone see any benifit to CEFs (close end funds)?
Replies: 17
Views: 745

Re: Anyone see any benifit to CEFs (close end funds)?

I’m suspicious of any bond fund or cef that doesn’t disclose the sec yield and many of these do not. It is very easy to make the distribution yield look good through leverage, inverse floaters, etc. all smoke and mirrors. One way to think about the discount is as a function of the expense ratio and...
by Valuethinker
Wed Aug 15, 2018 4:31 am
Forum: Investing - Help with Personal Investments
Topic: Why bonds when they return nothing over inflation?
Replies: 17
Views: 2554

Re: Why bonds when they return nothing over inflation?

Thanks for taking the time to write such a long post. It looks like your argument is towards the chance of a major economic crisis in Australia, and yes I do agree there are some shaky bridges. I am mitigating that particular risk by having a large diverse international equities base. But point tak...
by Valuethinker
Wed Aug 15, 2018 4:18 am
Forum: Personal Finance (Not Investing)
Topic: Residential vs Commercial Property Landlord
Replies: 5
Views: 490

Re: Residential vs Commercial Property Landlord

Hoping someone with commercial landlord experience can chime in. Currently I'm renting out a condo that's helping me pay off the mortgage and the tenant so far has been pretty good. I've read and heard many horror residential landlord stories so thinking ahead if my current tenant's move out I migh...
by Valuethinker
Wed Aug 15, 2018 3:51 am
Forum: Investing - Theory, News & General
Topic: Chinese ETF or Gold or something else?
Replies: 12
Views: 727

Re: Chinese ETF or Gold or something else?

Thank you for your ideas. I'm fairly certain that the Gold ETF does what it says so it tracks the Gold prices accurately. There are ways to buy physical gold coins/bullion but obviously those have higher mark-up and are harder to liquidate or to take out of China. It is hard to avoid linking our in...
by Valuethinker
Wed Aug 15, 2018 3:46 am
Forum: Personal Consumer Issues
Topic: Are merchants more (too) careless these days?
Replies: 24
Views: 1741

Re: Are merchants more (too) careless these days?

The solution, of course, is for companies to pay more highly and get better people. They fiercely resist this. Wage growth stays stuck at c. 2.5% and does not comfortably beat inflation. Real wages, especially at the bottom of the employment pyramid, are not rising - from memory they are just about ...
by Valuethinker
Wed Aug 15, 2018 3:41 am
Forum: Investing - Theory, News & General
Topic: Anyone see any benifit to CEFs (close end funds)?
Replies: 17
Views: 745

Re: Anyone see any benifit to CEFs (close end funds)?

Just wondering if anyone holds any CEFs and if so, why? Could there be any advantage in some asset classes like bonds to holding these actively managed funds with higher ERs than any index fund? A lot of them trade at a big discount to NAV at times. Most pay a much higher yield than any MF or ETF. ...
by Valuethinker
Wed Aug 15, 2018 3:38 am
Forum: Investing - Theory, News & General
Topic: Chinese ETF or Gold or something else?
Replies: 12
Views: 727

Re: Chinese ETF or Gold or something else?

The problem with Gold is there are a lot of investment experts that recommend a position and a lot that do not. Gold is essentially a rock that does not provide any earnings growth or dividends. I would avoid this asset class. The situation for someone in a country with exchange controls is rather ...
by Valuethinker
Tue Aug 14, 2018 8:56 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 254
Views: 14860

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

I never invested in international, but not because it is not doing well it is because years ago I read Common Sense on Mutual Funds and John Bogle's chapter on that subject resonated with me so much that I felt it wasn't necessary. Having said that, just when you stop investing in it, it will do be...
by Valuethinker
Tue Aug 14, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Why bonds when they return nothing over inflation?
Replies: 17
Views: 2554

Re: Why bonds when they return nothing over inflation?

I'm from Australia, and high interest cash accounts return the same as bonds there, so bonds makes no sense to me in this situation. Also it is at the end of a multi-decade bull run in bonds as interest rates went from 17% in the late 80's steadily down to a point where it can't go much/any lower. ...
by Valuethinker
Tue Aug 14, 2018 4:27 am
Forum: Investing - Theory, News & General
Topic: Chinese ETF or Gold or something else?
Replies: 12
Views: 727

Re: Chinese ETF or Gold or something else?

Hello fellow bogleheads, My parents are expecting to receive a large lump sum of money in China in the next few months. Our plan is to convert most of these money to USD and purchase stocks and rental properties in the United States in the future. Because of the annual limit on how much USD we can ...
by Valuethinker
Tue Aug 14, 2018 3:37 am
Forum: Investing - Theory, News & General
Topic: Valuation US vs EM vs EU
Replies: 3
Views: 506

Re: Valuation US vs EM vs EU

Fellow Bogleheads, I found this article comparing valuation by adjusting for differences in sector composition between the US, EM and EU. Conclusion is that the US due to the higher exposure to tech and healthcare, which historically have higher valuation, seems expensive compare to other markets. ...
by Valuethinker
Tue Aug 14, 2018 3:15 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 254
Views: 14860

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

With a keen knowledge of the concept of "Stay the Course" and "Don't Buy High and Sell Low" and most importantly "Don't Try to Time the Market" I cannot simply put my head in the sand and pretend that the last ten years or more have been anything other then a disappointment for those of us with Int...
by Valuethinker
Mon Aug 13, 2018 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: UK asset allocation: Help & Suggestion
Replies: 6
Views: 350

Re: UK asset allocation: Help & Suggestion

Thank you noted your comments. The vanguard global bond is GBP hedged. Then I would be 70/ 30 equities/ bonds and roll with it. Making rebalancing even simpler. The impact of currency hedging is to lower the yield to the risk free rate in the hedged currency + a credit spread. So in the case of the...
by Valuethinker
Mon Aug 13, 2018 3:41 pm
Forum: Investing - Theory, News & General
Topic: Turkey/Turkish Stocks down 32% - approaching 2008 levels
Replies: 96
Views: 9661

Re: Turkey/Turkish Stocks down 32% - approaching 2008 levels

Just a quick look at both the EM total stock, and the EM total bond - Turkey - VWO - stock - 0.9% - https://investor.vanguard.com/etf/profile/portfolio/vwo VWOB - bond - 4.3% - https://investor.vanguard.com/etf/profile/portfolio/VWOB Underlining my issue with EM bonds. The weightings are driven by ...
by Valuethinker
Mon Aug 13, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Brazil
Replies: 3
Views: 303

Re: Investing in Brazil

No clue if this topic really fits here, but... My girlfriend is a Brazilian national and owns an apartment there and would therefore like to invest the savings she has in Brazil in Brazil. Because I know nothing about investing in Brazil, I have looked into Brazilian robo-advisors, of which there s...
by Valuethinker
Mon Aug 13, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Help needed understanding Global small cap risk
Replies: 6
Views: 306

Re: Help needed understanding Global small cap risk

You could mitigate this risk by splitting small caps to US and ex-US. Try this VIOO - Vanguard S&P 600 VSS - Vanguard ex-US small caps Unfortunately I'm based in u.k and vanguard u.k doesn't provide these 2 choices You just have to wear the risk. It's as bad, generally, for US stocks in the Total M...
by Valuethinker
Mon Aug 13, 2018 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Inflation adjusted annuity
Replies: 26
Views: 1483

Re: Inflation adjusted annuity

Regardless of BobK's recommendation, I would avoid true inflation adjusted annuities. An insurance company takes a LOT of risk with a product like that and the price to the annuitant will be unreasonably high. Depends on price they charge. Don't they just hold a portfolio of TIPS? US TIPS these day...
by Valuethinker
Mon Aug 13, 2018 11:11 am
Forum: Investing - Theory, News & General
Topic: Preferred stock as bond substitute: is there a thread?
Replies: 6
Views: 504

Re: Preferred stock as bond substitute: is there a thread?

In fact, I cannot think of any reason why a non financial company would issue preference shares - given that it can issue investment grade or high yield (junk) bonds instead. Except perhaps some quite speculative companies (like biotech) that just cannot afford to have more debt on their balance sh...
by Valuethinker
Mon Aug 13, 2018 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for owner of commercial real estate company
Replies: 3
Views: 342

Re: Asset allocation for owner of commercial real estate company

Hello, I wanted to run this portfolio by you. I own an ecommerce business and a commercial real estate company. I won’t be counting the value of the ecommerce business because I don’t plan on selling and the multiple is anyone’s guess. The value of the real estate, however, is easily estimated so I...
by Valuethinker
Mon Aug 13, 2018 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Currency hedging retirement savings in IRA
Replies: 3
Views: 333

Re: Currency hedging retirement savings in IRA

Next year, when I'm 59 1/2, I'm able to make an in-service distribution from my megacorp's 401k and will likely move about $500k to a Schwab roll-over IRA. When I retire a few years later (probably 2022) I'll move to the UK from Texas and live on that money until some UK pensions and Social Securit...
by Valuethinker
Mon Aug 13, 2018 7:39 am
Forum: Investing - Theory, News & General
Topic: Preferred stock as bond substitute: is there a thread?
Replies: 6
Views: 504

Re: Preferred stock as bond substitute: is there a thread?

Hello all - Looking for perspective on having at least some part of bond allocation consist of preferred stock fund ( like PGX). Is there a thread where this was discussed (did not see one, but my search could have been faulty)? Would welcome some perspective! Thanks for any guidance. For any given...
by Valuethinker
Mon Aug 13, 2018 7:39 am
Forum: Investing - Theory, News & General
Topic: Turkey/Turkish Stocks down 32% - approaching 2008 levels
Replies: 96
Views: 9661

Re: Turkey/Turkish Stocks down 32% - approaching 2008 levels

Turkey's stock market had a P/E of 7 (and a forward P/E of 6) on 31 July. TUR (iShares Turkey ETF) is down 35% since then. It may be a candidate for some play money. But have an entry/exit strategy, because this may be going to 0. I don't think so, but I wouldn't be absolutely shocked to see Turkey...
by Valuethinker
Mon Aug 13, 2018 3:19 am
Forum: Investing - Help with Personal Investments
Topic: UK asset allocation: Help & Suggestion
Replies: 6
Views: 350

Re: UK asset allocation: Help & Suggestion

Hello all I’m a UK investor. After few years educating my self and reading investment books, I’m ready to change my investment approach. What do you think of this allocation of tracker funds: 25% vanguard global bond 65% vanguard FTSE global all cap 5% vanguard global small cap 5% Ishares global pr...
by Valuethinker
Mon Aug 13, 2018 3:08 am
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 103
Views: 7102

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
Sun Aug 12, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Which is better? [Vanguard Total Stock Market (VTI) or Total World (VT)?]
Replies: 29
Views: 2332

Re: Which is better?

Is someone really a BH if they don’t know these two symbols by now? Should be a pre-requisite. I use VTI. Doesn’t mean anything in regards to what the OP may consider better though. Would this be in your RRSP or your TFSA? Or your ISA or your SIPP? Is it approved by the FCA? Is it UCITS VI complian...
by Valuethinker
Sun Aug 12, 2018 8:31 am
Forum: Personal Consumer Issues
Topic: reliable online public forum
Replies: 24
Views: 2006

Re: reliable online public forum

Liberty1100 wrote:
Sun Aug 12, 2018 7:53 am
Reddit.com and it’s variety of subReddits will cover all of those topics.
Whoosh

Don't you find the crazies there? I have dabbled a little and found the viewpoints to be ... Extreme?
by Valuethinker
Sat Aug 11, 2018 4:16 pm
Forum: Investing - Theory, News & General
Topic: Turkey/Turkish Stocks down 32% - approaching 2008 levels
Replies: 96
Views: 9661

Re: Turkey/Turkish Stocks down 32% - approaching 2008 levels

And increasingly, if the U.S. takes a dive, so does international. Seemingly all of the downside without the upside. It doesn't take much looking to find periods of significant cross sectional outperformance for foreign stocks. There are a lot of moving parts in the global economy and I would be su...
by Valuethinker
Sat Aug 11, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Financial structuring advice for US citizen in Australia
Replies: 5
Views: 517

Re: Financial structuring advice for US citizen in Australia

All, I am looking for advice on how to structure my investments in Australia in relation to US taxes. I am a US/Aus citizen who has not lived in the US for decades (adult life). There are a few local people who can prepare US taxes, but I have yet to find anyone that can advise on investments/ fami...
by Valuethinker
Sat Aug 11, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Canadian Citizen and Resident
Replies: 7
Views: 527

Re: Canadian Citizen and Resident

ETF’s are hard to dollar cost average via monthly contributions cause of commissions. Perhaps the most inexpensive way is to buy the Canadian brokerages index fund equivalent even though their MER is higher than the States? It depends. The Canadian index fund equivalents can be a *lot* higher. Thus...
by Valuethinker
Sat Aug 11, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Canadian Citizen and Resident
Replies: 7
Views: 527

Re: Canadian Citizen and Resident

ETF’s are hard to dollar cost average via monthly contributions cause of commissions. Perhaps the most inexpensive way is to buy the Canadian brokerages index fund equivalent even though their MER is higher than the States? It depends. The Canadian index fund equivalents can be a *lot* higher. Thus...
by Valuethinker
Sat Aug 11, 2018 8:13 am
Forum: Investing - Theory, News & General
Topic: Turkey/Turkish Stocks down 32% - approaching 2008 levels
Replies: 96
Views: 9661

Re: Turkey/Turkish Stocks down 32% - approaching 2008 levels

Turkey is such a small portion of the Total International Stock Index Fund, yet the fund lost nearly 2% today. I'm ready to seriously rethink the international stock portion (33%) of my equity allocation. And this isn't about market timing. It seems to be an recurring pattern. Something bad happens...
by Valuethinker
Sat Aug 11, 2018 2:08 am
Forum: Investing - Theory, News & General
Topic: Turkey/Turkish Stocks down 32% - approaching 2008 levels
Replies: 96
Views: 9661

Re: Turkey/Turkish Stocks down 32% - approaching 2008 levels

Why is such a small country/market having such a disproportionate effect on the US stock market today? I’m not doing anything with my investments but it baffles me why events like this are so (temporarily) toxic at home. In this case, the big political event was a tweet by the US President announci...
by Valuethinker
Sat Aug 11, 2018 2:05 am
Forum: Investing - Theory, News & General
Topic: Turkey/Turkish Stocks down 32% - approaching 2008 levels
Replies: 96
Views: 9661

Re: Turkey/Turkish Stocks down 32% - approaching 2008 levels

Turkey is such a small portion of the Total International Stock Index Fund, yet the fund lost nearly 2% today. I'm ready to seriously rethink the international stock portion (33%) of my equity allocation. And this isn't about market timing. It seems to be an recurring pattern. Something bad happens...
by Valuethinker
Fri Aug 10, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: Turkey/Turkish Stocks down 32% - approaching 2008 levels
Replies: 96
Views: 9661

Re: Turkey/Turkish Stocks down 32% - approaching 2008 levels

Why is such a small country/market having such a disproportionate effect on the US stock market today? I’m not doing anything with my investments but it baffles me why events like this are so (temporarily) toxic at home. Sometimes big political events create emotional responses in the stock market....
by Valuethinker
Fri Aug 10, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: Turkey/Turkish Stocks down 32% - approaching 2008 levels
Replies: 96
Views: 9661

Re: Turkey/Turkish Stocks down 32% - approaching 2008 levels

Turkey Stocks and Lira taking another dive today; I am planning to buy. EDIT: Tuns out I can buy the ETF Commission Free; I wasn't placing a large order, but I won't "place all my chips on the table" either. Not like I can time the bottom.... I'm not *totally* alone, it looks like. https://www.bnnb...
by Valuethinker
Fri Aug 10, 2018 9:15 am
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 320
Views: 20052

Re: Invest in Tesla?

Shouldn't a CEO be more focused on building a viable long-term business than going after short sellers? Short sellers distract the business from its long-term mission with attacks that try to push the stock price down. This could be misinformation or fake news to confuse potential buyers or sabotag...
by Valuethinker
Fri Aug 10, 2018 9:10 am
Forum: Investing - Theory, News & General
Topic: Turkey/Turkish Stocks down 32% - approaching 2008 levels
Replies: 96
Views: 9661

Re: Turkey/Turkish Stocks down 32% - approaching 2008 levels

Turkish stock market is down almost 20% to open the day today, OP......... The interactions between factors are painful: - high current account deficit - country's investment rate exceeds its saving rate (so its net obligations to the world grow) - government, companies, individuals have borrowed i...
by Valuethinker
Fri Aug 10, 2018 7:56 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7173

Re: The stock market is shrinking.

Is QQQ the right answer? I don't know, but I don't see a S&P 100, or S&P 200 index fund. If there were such an animal I would be very interested in it. I can tell you that my QQQ shares have beaten the stuffing out of SPY or VOO over the past 5 years . Which would have been true all the way to May ...
by Valuethinker
Fri Aug 10, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Air Conditioning? [How to finance?]
Replies: 76
Views: 4878

Re: Air Conditioning? [How to finance?]

I lived in a NY home for 35 years with no central A/C...thought to be too much of a luxury. A couple of well placed right-sized window units did the job. To me, if it's only a summer issue, central air is a bit much. It'll require regular maintenance and they don't last forever. I grew up not too f...
by Valuethinker
Fri Aug 10, 2018 7:23 am
Forum: Personal Finance (Not Investing)
Topic: 1024.99 for a book. Why?
Replies: 21
Views: 3253

Re: 1024.99 for a book. Why?

I have a question which has puzzled me for years. Like a lot of people, I buy books used online. Saves money and often I cannot tell the difference between a new book and a used book. What I don't get is I click used books in Amazon and I get a list of used books. Some say good, others say like new...
by Valuethinker
Fri Aug 10, 2018 7:21 am
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 320
Views: 20052

Re: Invest in Tesla?

If one is using options, and one is bearish on Tesla, isn't the right thing to do to buy Puts? Preferrably Out of The Money Puts? Surely that’s the case if one is convinced that Tesla is going to $0 shortly. Market Timer says he is writing in of the money calls. I am not sure why? In principle that...