Search found 35477 matches

by Valuethinker
Wed Oct 17, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 154
Views: 7207

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

As a US citizen born abroad who spent well over a half of his life in Europe, I find the general attitude in this thread somewhat disturbing. Perhaps I shouldn't be surprised given that 64% of the US population doesn't own a passport... Read about what's happening in the US Foreign Service. This is...
by Valuethinker
Wed Oct 17, 2018 9:50 am
Forum: Personal Consumer Issues
Topic: Maserati Experiences
Replies: 34
Views: 3071

Re: Maserati Experiences

munemaker wrote:
Wed Oct 17, 2018 8:39 am
watchnerd wrote:
Tue Oct 16, 2018 11:14 pm

What are Bogleheads collective experiences with Maserati cars?
Bogleheads would buy a Toyota Camry and invest the rest.
And buy a $100k watch with the proceeds ;-).
by Valuethinker
Wed Oct 17, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Cross-country trip via Amtrak
Replies: 30
Views: 2015

Re: Cross-country trip via Amtrak

Banff is supposed to be spectacular. Can't get there on VIA Rail, the Canadian equivalent of Amtrak. You have to use the Rocky Mountaineer, a luxury land-cruise operation run by a private company. I've ridden VIA Rail's Canadian between Edmonton and Vancouver via Jasper (sitting up overnight in coa...
by Valuethinker
Wed Oct 17, 2018 8:04 am
Forum: Personal Consumer Issues
Topic: Maserati Experiences
Replies: 34
Views: 3071

Re: Maserati Experiences

wrongfunds wrote:
Wed Oct 17, 2018 7:47 am
Completely wrong forum to ask advice on purchasing Maserati! On the other hand, if you are asking about buying a $100K watch, feel free!
;-).

That is only because Toyota and Honda are not in the watch business? ;-)
by Valuethinker
Wed Oct 17, 2018 8:01 am
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 154
Views: 7207

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

In an Efficient Market, all the (factual & anecdotal) evidence presented here is known. It is the marginal buyer and seller who set the price in the market. At the margin, informed buyers and sellers know these factors US vs. international etc. What do we, here, know that the informed buyer and sell...
by Valuethinker
Wed Oct 17, 2018 7:32 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Prepare For The Bear
Replies: 63
Views: 7262

Re: Larry Swedroe: Prepare For The Bear

So after this 10 year bull (and 10 years aging for all of us too), what sorts of steps, if any, have some people taken to prepare for a potential bear? 10 years is a substantial portion of both one’s accumulation phase and of one’s investing lifetime. Dave This is the real question, what can / shou...
by Valuethinker
Wed Oct 17, 2018 4:46 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Prepare For The Bear
Replies: 63
Views: 7262

Re: Larry Swedroe: Prepare For The Bear

If you are thinking about selling, you might ask yourself what you know that Buffett doesn’t. Why is Buffett sitting on ~$110B in cash? In insurance you get premiums from policy holders, and then you don't pay out for years. But you have to set aside reserves for each $1 of policy that is written, ...
by Valuethinker
Wed Oct 17, 2018 4:14 am
Forum: Personal Consumer Issues
Topic: Cross-country trip via Amtrak
Replies: 30
Views: 2015

Re: Cross-country trip via Amtrak

Hi Bogleheads - For the past year or so I've been thinking of taking a trip to the East Coast (Boston, New York, etc.) to visit friends and family. I'm pretty sure now that I'm gonna do it next spring. I've flown across the country many times (I live in Oregon). Now I'm toying with the idea of maki...
by Valuethinker
Tue Oct 16, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: Corporate politics/culture
Replies: 31
Views: 2619

Re: Corporate politics/culture

The 80-20 is standard McKinsey analysis and I wouldn't be surprised if they paid $1m+ to McKinsey for a consulting assignment with that particular insight. You know whats funny... Right around the time that I hit my final straw and gave my notice, my old company brought in McKinsey. I even got inte...
by Valuethinker
Tue Oct 16, 2018 7:00 pm
Forum: Investing - Theory, News & General
Topic: Sears, a 125 year old company is now a penny stock.
Replies: 119
Views: 13783

Re: Sears, a 125 year old company is now a penny stock.

Sears Holdings is up 50% today at 45.4 cents, why? It's bankrupt soon and the shares will be delisted and worthless so why does anyone buy? Sometimes debt holders also buy the equity. If the business avoids actual Chapter 7, the equity can still have negotiating rights, even though its value is zero.
by Valuethinker
Tue Oct 16, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Corporate politics/culture
Replies: 31
Views: 2619

Re: Corporate politics/culture

I worked for one particular MegaTechCorp where the executive VP of sales rotated in/out on about an 18 month basis. Every one of them seemed to feel that they needed to make a major change to show how great they were. I'm attached to sales so saw the result of their ego driven stupidity. One VP say...
by Valuethinker
Tue Oct 16, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: 6 month Treasury Note: "Bond" or "Cash"?
Replies: 47
Views: 3522

Re: 6 month Treasury Note: "Bond" or "Cash"?

As an accountant, I would define cash and cash equivalents as short-term, highly liquid investments with a maturity of three months or less at the time of purchase. The items included as cash and cash equivalents must also be unrestricted, i.e. you cannot pledge such money as collateral for loans. ...
by Valuethinker
Tue Oct 16, 2018 8:15 am
Forum: Investing - Theory, News & General
Topic: Huge drops in VTXVX and VTHRX [Vanguard Target Date Funds]
Replies: 51
Views: 4093

Re: Huge drops in VTXVX and VTHRX

I hardly ever check my accounts,but I signed in tonight,to transfer some money out of my money marked account.I almost fainted when I saw the 18.47 drop! I live in a one story house,so I couldn't even jump off my roof. :oops: Why can't you jump off the roof of a one story house? :confused It was a ...
by Valuethinker
Tue Oct 16, 2018 7:44 am
Forum: Investing - Theory, News & General
Topic: Should I sell Microsoft Bond
Replies: 19
Views: 1335

Re: Should I sell Microsoft Bond

columbia wrote:
Mon Oct 15, 2018 8:50 pm
RIP Paul Allen:
https://www.cnbc.com/2018/10/15/microso ... ge-65.html
Sad.

He seemed to do quite a bit of good with his money.
by Valuethinker
Tue Oct 16, 2018 7:43 am
Forum: Investing - Theory, News & General
Topic: Should I sell Microsoft Bond
Replies: 19
Views: 1335

Re: Should I sell Microsoft Bond

I have a Microsoft Bond,50,000 dollars yielding 3.15 that matures in 7 years.I t looks like if I sell it I will get back 49,000.If I sell I will buy a 2 year cd yielding almost the same.I have owned the bond for 3 years.Thoughts? When will you need the money? How big a percentage is it of your tota...
by Valuethinker
Tue Oct 16, 2018 7:37 am
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4587

Re: Is EMH a tautology?

Is it a joke if it has come to pass? I have read a few academic articles showing that the momentum anomaly is no more. Let me extend a bit. First, I do find the statistics fascinating. Trying to prove these things one way or the other is hard. If we measure risk as the standard deviation we can get...
by Valuethinker
Tue Oct 16, 2018 7:06 am
Forum: Investing - Help with Personal Investments
Topic: Lazy Portfolio with Ireland Domiciled Funds
Replies: 8
Views: 424

Re: Lazy Portfolio with Ireland Domiciled Funds

Hi, I'm looking to mimic a simple lazy protfolio with 3 etfs. US Stocks, International Stocks and Worldwide Bond funds. Has anyone done this using ireland domiciled funds? I was looking at iShares but they don't have US & International total market stock funds. SWDA : iShares Core MSCI World UCITS ...
by Valuethinker
Tue Oct 16, 2018 5:48 am
Forum: Investing - Help with Personal Investments
Topic: Europe Domiciled REIT ETFs?
Replies: 8
Views: 545

Re: Europe Domiciled REIT ETFs?

In 'A Random Walk on Wall Street' REIT investments are described as good sources of diversification and protection against inflation. I've come to the conclusion that European investors barely have access to ETFs in this sector. Among iShares, Vanguard and Wisdomtree's European website's I did not ...
by Valuethinker
Tue Oct 16, 2018 4:53 am
Forum: Investing - Help with Personal Investments
Topic: Europe Domiciled REIT ETFs?
Replies: 8
Views: 545

Re: Europe Domiciled REIT ETFs?

Was just reading about bubbles, most of them I heard before. (They still sell tulips here in the Netherlands.) Regarding REITs I took a look at the Case-Shiller Inflation adjusted housing prices in the USA: they seem to be at the levels of 2006: https://fred.stlouisfed.org/series/SPCS20RSA However:...
by Valuethinker
Mon Oct 15, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: Sears, a 125 year old company is now a penny stock.
Replies: 119
Views: 13783

Re: Sears, a 125 year old company is now a penny stock.

It was hard for a retailer catering to mass tastes like Sears to keep up. Agree. I've already commented, with links, elsewhere in this thread, on the fact that "changes in retailing" do not provide the whole story of what happened to Sears, and what was done to Sears, under its current management. ...
by Valuethinker
Mon Oct 15, 2018 10:32 am
Forum: Investing - Theory, News & General
Topic: Sears, a 125 year old company is now a penny stock.
Replies: 119
Views: 13783

Re: Sears, a 125 year old company is now a penny stock.

Just to add another comment...I remember the phase when Sears tried having a Stock Brokerage desk in the store. I think it was Dean Whiter (spelling?) or something close. I had left my first employer after college and had a few ESOP shares of stock. Was able to sell those shares using this service....
by Valuethinker
Mon Oct 15, 2018 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Europe Domiciled REIT ETFs?
Replies: 8
Views: 545

Re: Europe Domiciled REIT ETFs?

In 'A Random Walk on Wall Street' REIT investments are described as good sources of diversification and protection against inflation. I've come to the conclusion that European investors barely have access to ETFs in this sector. Among iShares, Vanguard and Wisdomtree's European website's I did not ...
by Valuethinker
Mon Oct 15, 2018 8:03 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3757
Views: 1067562

Re: What Movie Have You Recently Watched?

Black Panther , on Netflix. In comparison to previous Marvel movies, I thought the plot was creative and was presented from a very different perspective. Stan Lee made his expected cameo appearance. I liked it. Previously - Wonder Woman , on DVD. The first half was boring and predictable. It got mo...
by Valuethinker
Mon Oct 15, 2018 7:54 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3757
Views: 1067562

Re: What Movie Have You Recently Watched?

Columbus The real star of this film is Columbus, Indiana, which is a mecca of the Modernist period in architecture - particularly the works of Finnish architect Ero Saarinen (sp?). https://www.imdb.com/title/tt5990474/ However the 2 main actors, one Korean-American (John Cho - Mr Sulu in the new St...
by Valuethinker
Mon Oct 15, 2018 5:53 am
Forum: Investing - Theory, News & General
Topic: Sears, a 125 year old company is now a penny stock.
Replies: 119
Views: 13783

Re: Sears, a 125 year old company is now a penny stock.

Actually, you could turn your entire argument around and say that it was consumer greed that caused the decline of Sears/Kmart/et al. If Americans can get cheaper stuff from Korea/Japan/China/Vietnam, they generally will. But where would they buy it? It's not as if consumers can deal directly with ...
by Valuethinker
Mon Oct 15, 2018 5:12 am
Forum: Investing - Theory, News & General
Topic: Emerging Market Bond Funds
Replies: 46
Views: 2570

Re: Emerging Market Bond Funds

Foreign currency denominated they are more volatile. But that includes more long term upside potential if you believe in convergence to Purchasing Power Parity. Research Affiliates' projection of own currency EMB as among top expected return/top future Sharpe Ratio pick is based on that. Do you hav...
by Valuethinker
Mon Oct 15, 2018 5:03 am
Forum: Investing - Help with Personal Investments
Topic: 6 month Treasury Note: "Bond" or "Cash"?
Replies: 47
Views: 3522

Re: 6 month Treasury Note: "Bond" or "Cash"?

As an accountant, I would define cash and cash equivalents as short-term, highly liquid investments with a maturity of three months or less at the time of purchase. The items included as cash and cash equivalents must also be unrestricted, i.e. you cannot pledge such money as collateral for loans. ...
by Valuethinker
Mon Oct 15, 2018 5:01 am
Forum: Local Chapters and Bogleheads Community
Topic: michael survivors
Replies: 16
Views: 1922

Re: michael survivors

You don't need online backup if you have thumb drives in appropriate places besides your home. I can't imagine why people leave important files online, just waiting to be hacked. I accept the point about hacking in the Cloud. Conversely you can lose all access to the places you put your thumb drive...
by Valuethinker
Mon Oct 15, 2018 4:14 am
Forum: Investing - Theory, News & General
Topic: What events hurt US equity returns in the past 100 years?
Replies: 12
Views: 1061

Re: What events hurt US equity returns in the past 100 years?

Those who ask “what have we learned from the past?” have similar interests as those who believe future impactful occurrences have precedents in the past that are worth analyzing. Others argue that some of the major impactful events in the past were unprecedented and could not be considered probable...
by Valuethinker
Mon Oct 15, 2018 3:36 am
Forum: Investing - Theory, News & General
Topic: What events hurt US equity returns in the past 100 years?
Replies: 12
Views: 1061

Re: What events hurt US equity returns in the past 100 years?

The big events are in bold 1929 Great Depression 1973 Energy Crisis 1980 Farm Crisis maybe? 1979-80 was the Second Oil Crisis, associated with the Iranian Revolution. Oil went from $12 /bl to $40/ bl, as large a rise as in the first Oil Crisis of 1973 ($3 to $12)*. It also saw the beginning of the ...
by Valuethinker
Mon Oct 15, 2018 3:30 am
Forum: Investing - Theory, News & General
Topic: What events hurt US equity returns in the past 100 years?
Replies: 12
Views: 1061

Re: What events hurt US equity returns in the past 100 years?

What events hurt US equity returns in the past 100 years? WW1, WW2, Vietnam War, the First Gulf War, Arab-Israeli War, Smoot-Hawley tariffs, President Teddy Roosevelt personally threatening companies he didn't like, 9/11, the severe drought of the 1930s, the 1938 New England Hurricane, the 1944 Gre...
by Valuethinker
Mon Oct 15, 2018 3:20 am
Forum: Investing - Help with Personal Investments
Topic: 1M Portfolio - Asset allocation for mid 40's [Australia]
Replies: 13
Views: 1192

Re: 1M Portfolio - Asset allocation for mid 40's [Australia]

If you have big exposure to Australian residential real estate I would not be adding Australian commercial property. The recession that hits one would hit the other. The Australian stock index is heavily financial services and natural resources. The same factors that would hit Australian real estat...
by Valuethinker
Sun Oct 14, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Hong Kong Money Market Fund
Replies: 10
Views: 802

Re: Hong Kong Money Market Fund

I'm in a similar situation as you (western expat living in HK, although I'm not from the UK and I'm more or less planning on staying here) and I'm just starting to deal with this issue myself (in my 20s and saving up for a house in this crazy place). I'm currently putting my cash savings into FLOA ...
by Valuethinker
Sun Oct 14, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: 1M Portfolio - Asset allocation for mid 40's [Australia]
Replies: 13
Views: 1192

Re: 1M Portfolio - Asset allocation for mid 40's [Australia]

Hi Bogleheads, I'm looking for some input on the following fund portfolio and how to allocate 1M. > Australian, mid 40's > 1M already invested directly in Australian residential property > Like the idea of a simple 3 fund portfolio with rebalancing, open to only one fund or 4-6 funds also > 1M to i...
by Valuethinker
Sun Oct 14, 2018 10:43 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1154
Views: 95278

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

I don’t have the numbers in front me, but I’m pretty sure 5 years ago those P/E ratios were very similar. Looking at the below chart, over the last 5 years S&P 500 prices have increased by more than (ten year average of) earnings. It is more expensive now than it was five years ago. http://www.mult...
by Valuethinker
Sun Oct 14, 2018 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Rate of return calculation
Replies: 4
Views: 529

Re: Rate of return calculation

As per other post only excels XIRR function will give the right answer.
by Valuethinker
Sun Oct 14, 2018 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Hong Kong Money Market Fund
Replies: 10
Views: 802

Re: Hong Kong Money Market Fund

A few options on the LSE, USD below. I am a British Expat so would GBP be a better option? No inclination to head home just yet though. VUTY (Vanguard) IBTA Accumulating (Blackrock iShares) IBTS Distributing (Blackrock iShares) Currently having cash sitting wasting away to inflation is really frust...
by Valuethinker
Sun Oct 14, 2018 10:22 am
Forum: Investing - Theory, News & General
Topic: Has the US bull become addicted to corporate buybacks?
Replies: 16
Views: 1514

Re: Has the US bull become addicted to corporate buybacks?

CNN had an interesting piece on the how the markets have fared this year with the huge uptick in buyback programs. 1. Corporate buybacks now account for the largest share of trading in US stocks, surpassing individual and institutional buying. 2. This year corporations will buy back more than $1 tr...
by Valuethinker
Sun Oct 14, 2018 9:12 am
Forum: Investing - Theory, News & General
Topic: Has the US bull become addicted to corporate buybacks?
Replies: 16
Views: 1514

Re: Has the US bull become addicted to corporate buybacks?

CNN had an interesting piece on the how the markets have fared this year with the huge uptick in buyback programs. 1. Corporate buybacks now account for the largest share of trading in US stocks, surpassing individual and institutional buying. 2. This year corporations will buy back more than $1 tr...
by Valuethinker
Sun Oct 14, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Hong Kong Money Market Fund
Replies: 10
Views: 802

Re: Hong Kong Money Market Fund

Hi, I have been following the BH community forums for the past few years and appreciate all the feedback and passion the group has for finance. I am based in Hong Kong where the savings rates on accounts is minimal. A new (the only I believe) money market fund has been launched in July/August and I...
by Valuethinker
Sun Oct 14, 2018 8:07 am
Forum: Personal Consumer Issues
Topic: Anyone here major in Economics in college?
Replies: 68
Views: 3808

Re: Anyone here major in Economics in college?

My undergraduate college roommate was an Econ major. After graduation, he went into the USAF and wound up as a GIB (Guy in Back....Air Force technical slang for "Electronic Warfare Officer") of an F-15 Strike Eagle during the Gulf War. Last I heard, he was a technical writer at an aerospace company...
by Valuethinker
Sun Oct 14, 2018 8:01 am
Forum: Investing - Help with Personal Investments
Topic: Investing in ETF (different currencies)
Replies: 9
Views: 510

Re: Investing in ETF (different currencies)

It also depends on changes in spot rate. I am UK investor. I buy USD 100 of stock. That does not change in value over 6 months. I sell but USD has fallen 10 per cent. Thus I have a 10 dollar USD capital gain (In pounds) To pay. But only here because in your example here you are (I think) assuming p...
by Valuethinker
Sun Oct 14, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Company Pension: Single Life Annuity vs Accelerated Income option
Replies: 3
Views: 380

Re: Company Pension: Single Life Annuity vs Accelerated Income option

After I was laid off from my former employer, I am eligible take a company pension at anytime until full retirement age of 65. I intend to take a single life annuity pension next year when I turn 60. I am single so there's no spouse or beneficiary to designated. There is the option of taking an acc...
by Valuethinker
Sun Oct 14, 2018 7:38 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for Swiss investor
Replies: 3
Views: 344

Re: Portfolio advice for Swiss investor

Hi there, I need some help choosing a portfolio. A few words about me: 37 years old Married, father of two Mechanical engineer Swiss resident and Swiss citizen My financial situation (all in CHF) - 470k invested in our house - 100k in Swiss pension system (2nd and 3rd pillar) - 100k in cash ready t...
by Valuethinker
Sun Oct 14, 2018 6:57 am
Forum: Investing - Theory, News & General
Topic: Does international really buy you diversification?
Replies: 43
Views: 4420

Re: Does international really buy you diversification?

I see this as a recurring theme over tye past 20years or so - a fall in us stocks leads to a fall in European stocks the next day.if these walk so much hand under hand, are we really getting any diversification by investubg in international stocks? If international doesn't [/i] offer diversificatio...
by Valuethinker
Sun Oct 14, 2018 6:28 am
Forum: Investing - Theory, News & General
Topic: Does international really buy you diversification?
Replies: 43
Views: 4420

Re: Does international really buy you diversification?

Say the Dollar declines against other currencies by 20%. All other things remaining equal (which they won't - but that's another discussion), would we expect to see international stocks go up by ~20%? If the international fund is unhedged, yes. And of course that gets reversed when currencies swing...
by Valuethinker
Sun Oct 14, 2018 6:21 am
Forum: Investing - Help with Personal Investments
Topic: Investing in ETF (different currencies)
Replies: 9
Views: 510

Re: Investing in ETF (different currencies)

you might have different tax treatment depending upon the currency the ETF is labelled in. Suppose you buy an ETF labelled in USD, the assets go up 10% as measured in pound sterlin, but if the USD goes up 10% too, the ETF value in USD won't have changed. So if you sell it you will have made no prof...
by Valuethinker
Sat Oct 13, 2018 5:26 pm
Forum: Investing - Theory, News & General
Topic: Savings and investments - overall household view of asset allocation
Replies: 15
Views: 862

Re: Savings and investments - overall household view of asset allocation

While I do not know this for sure, it seems the poster is from the UK. Yes, I am. I don't have a defined benefit pension, though. I'm self employed, and have a pension which only I pay into (if you don't count the tax breaks the state provides), and I can change the funds it's invested in, and inde...
by Valuethinker
Sat Oct 13, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: Savings and investments - overall household view of asset allocation
Replies: 15
Views: 862

Re: Savings and investments - overall household view of asset allocation

To Original Poster Be very careful of the £1 million lifetime annual limit on pensions. Which only buys you 25k pa of annuity income pa. That was George Osbornes stealth tax rise and it was huge. And most of its victims haven't been hit by it yet. At 6 per cent return a portfolio of 250k will hit it...
by Valuethinker
Sat Oct 13, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: Savings and investments - overall household view of asset allocation
Replies: 15
Views: 862

Re: Savings and investments - overall household view of asset allocation

While I do not know this for sure, it seems the poster is from the UK. I have limited (dare I say nonexistent understanding) of UK pensions. I do believe there is some form of National Health Insurance, but I don't know to what extent there is financial risk for those insured. So perhaps less risk ...