Search found 34847 matches

by Valuethinker
Sat Aug 18, 2018 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Cost of Living between NYC and U.K.?
Replies: 10
Views: 826

Re: Cost of Living between NYC and U.K.?

I work in Boston and earn $100k. I have a job opportunity, which would be a promotion. I'd expect at least a 25% raise which puts me at $125k. The issue is that I can either work in NYC or Oxford. What would be an equivalent salary to $125k in each city, in terms of cost of living? What might the s...
by Valuethinker
Sat Aug 18, 2018 5:25 am
Forum: Investing - Help with Personal Investments
Topic: Lending money to Goldman Sachs?
Replies: 2
Views: 600

Re: Lending money to Goldman Sachs?

Callable

In rising interest rate environment why would you do this?

Why don't you just buy a bond issued by Goldman Sachs?
by Valuethinker
Fri Aug 17, 2018 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Quant / Financial Technology Job Opportunities / companies in New York City
Replies: 20
Views: 975

Re: Quant / Financial Technology Job Opportunities / companies in New York City

Not nyc, but Long Island - renaissance technologies. Sure, will add to the list, but the primary goal is to stay and experience NYC, without much commute to work, job is to sustain the stay in NYC. A lot of the hedge funds are in Greenwich or Stamford Connecticut. Renaissance is out on its own in L...
by Valuethinker
Fri Aug 17, 2018 8:20 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 523
Views: 29660

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

Is the headline here "The Death of Foreign Equities"? (Mirroring the famous August 13, 1979 Business Week headline about US stocks.) As long as the super cap tech cos are in the ascendant (Apple, Amazon, Netflix, Google, Facebook + Microsoft) the US likely keeps outperforming. If the market falls o...
by Valuethinker
Fri Aug 17, 2018 8:05 am
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 55
Views: 3711

Re: Bullish/bearish on GE? Make your case here - new lows today

Her money, her choice (as an aside, I am all low cost index funds, save some inherited stock). But I found her rationale interesting. If you look over a century, and consider how they have overcome all of the challenges of the last 100 years, then GE is a screaming buy for the patient investor. Bog...
by Valuethinker
Fri Aug 17, 2018 7:37 am
Forum: Investing - Theory, News & General
Topic: Uk investor: saving on inheritance tax by investing in AIM shares: good or bad idea?
Replies: 15
Views: 314

Re: Uk investor: saving on inheritance tax by investing in AIM shares: good or bad idea?

The main problem is the poor performance of most EIS/ VCT type investments vs. the broader quoted market.

It makes paying the tax more worthwhile.
by Valuethinker
Fri Aug 17, 2018 7:24 am
Forum: Investing - Theory, News & General
Topic: Uk investor: saving on inheritance tax by investing in AIM shares: good or bad idea?
Replies: 15
Views: 314

Re: Uk investor: saving on inheritance tax by investing in AIM shares: good or bad idea?

I am looking at possible ways to save on UK inheritance tax when the day comes. One of these is investing in shares in the UK AIM market. Has anyone here done this? As far as I see, there seem to be two problems: a. You would probably need an active manager to invest in that market, and b. There do...
by Valuethinker
Fri Aug 17, 2018 7:14 am
Forum: Investing - Theory, News & General
Topic: Uk investor: saving on inheritance tax by investing in AIM shares: good or bad idea?
Replies: 15
Views: 314

Re: Uk investor: saving on inheritance tax by investing in AIM shares: good or bad idea?

I believe if you live 7 years past the date of gift that there is no tax payable? Yes I have seen the 7 years rule in some articles; on the other had I am wondering whether there's a limit to the amount you can give; some other articles speak of a 3000£ limit per year. So I suppose that the gift al...
by Valuethinker
Fri Aug 17, 2018 7:13 am
Forum: Investing - Theory, News & General
Topic: Uk investor: saving on inheritance tax by investing in AIM shares: good or bad idea?
Replies: 15
Views: 314

Re: Uk investor: saving on inheritance tax by investing in AIM shares: good or bad idea?

I would rather give my kids the money now so they can invest in a global index etf. Yes, I have already to some extent. Two problems with that though: there's tax on gifts too; and more specifically to our situation, my wife does not agree on giving them more at least for now. There’s not really an...
by Valuethinker
Fri Aug 17, 2018 7:12 am
Forum: Investing - Theory, News & General
Topic: Uk investor: saving on inheritance tax by investing in AIM shares: good or bad idea?
Replies: 15
Views: 314

Re: Uk investor: saving on inheritance tax by investing in AIM shares: good or bad idea?

I would rather give my kids the money now so they can invest in a global index etf. Yes, I have already to some extent. Two problems with that though: there's tax on gifts too; and more specifically to our situation, my wife does not agree on giving them more at least for now. There’s not really an...
by Valuethinker
Fri Aug 17, 2018 5:59 am
Forum: Investing - Theory, News & General
Topic: Uk investor: saving on inheritance tax by investing in AIM shares: good or bad idea?
Replies: 15
Views: 314

Re: Uk investor: saving on inheritance tax by investing in AIM shares: good or bad idea?

I would rather give my kids the money now so they can invest in a global index etf. Yes, I have already to some extent. Two problems with that though: there's tax on gifts too; and more specifically to our situation, my wife does not agree on giving them more at least for now. I believe if you live...
by Valuethinker
Fri Aug 17, 2018 5:57 am
Forum: Investing - Theory, News & General
Topic: Uk investor: saving on inheritance tax by investing in AIM shares: good or bad idea?
Replies: 15
Views: 314

Re: Uk investor: saving on inheritance tax by investing in AIM shares: good or bad idea?

I am looking at possible ways to save on UK inheritance tax when the day comes. One of these is investing in shares in the UK AIM market. Has anyone here done this? As far as I see, there seem to be two problems: a. You would probably need an active manager to invest in that market, and b. There do...
by Valuethinker
Fri Aug 17, 2018 5:49 am
Forum: Investing - Help with Personal Investments
Topic: Why bonds when they return nothing over inflation?
Replies: 31
Views: 4735

Re: Why bonds when they return nothing over inflation?

OP, In my opinion you are thinking about things correctly, as are other posters who point to the psychological aspect of bond holding; but yes, it is essentially taking money off the table. Those that argue for holding bonds to “buy low” when the market dips are really advocating for market timing....
by Valuethinker
Fri Aug 17, 2018 5:46 am
Forum: Investing - Help with Personal Investments
Topic: Why bonds when they return nothing over inflation?
Replies: 31
Views: 4735

Re: Why bonds when they return nothing over inflation?

Yeah I understand that a global equities portfolio is not the same as having a portion in risk free assets, and as you said when there is a global collapse it all drops. My thinking is that unlike Japan that has had a massive amount of time in the trenches after the collapse, a global collapse will...
by Valuethinker
Fri Aug 17, 2018 5:04 am
Forum: Investing - Help with Personal Investments
Topic: Why bonds when they return nothing over inflation?
Replies: 31
Views: 4735

Re: Why bonds when they return nothing over inflation?

jainn wrote:
Thu Aug 16, 2018 7:36 am
Jainn
Thank you.

I really enjoyed this piece of analysis re benefits of diversification etc.

The 2000s were not a great time for stock investors - thrilling ride but if you had retired at the beginning of that period, it would have been difficult.
by Valuethinker
Fri Aug 17, 2018 4:55 am
Forum: Investing - Help with Personal Investments
Topic: Index Fund Investing in Sweden, for Swede's
Replies: 12
Views: 597

Re: Index Fund Investing in Sweden, for Swede's

Looking specifically at the Vanguard FTSE All-World UCITS ETF (VWRL) https://www.vanguardinvestments.se/portal/instl/se/en/product.html#/fundDetail/etf/portId=9505/assetCode=equity/?overview Seems very similar to Vanguard VT, but I believe it is NOT available to a retail investor in Sweden? If not,...
by Valuethinker
Fri Aug 17, 2018 4:16 am
Forum: Investing - Help with Personal Investments
Topic: DCA investing or going into debt ?
Replies: 6
Views: 578

Re: DCA investing or going into debt ?

Hello, I got my first full-time job last week and will start working by the beginning of September. Net income will be around 3000 EUR (based in Europe). I want to save & invest 25% of the income. I have two solutions: -I invest each month 750 in the stock market -I can go easily into debt @0.90%/y...
by Valuethinker
Fri Aug 17, 2018 4:13 am
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 55
Views: 3711

Re: Bullish/bearish on GE? Make your case here - new lows today

GE is doing decade lows today. I bought $2000 worth at 12.xx today . In 2008, their low was ~$8.50. Today they're trading $12.xx. I can see it doing 8 unless it goes to zero which means I'll take heat for about 1/3 of my position size. If their old low marks the ultimate bottom. I don't really know...
by Valuethinker
Fri Aug 17, 2018 4:08 am
Forum: Investing - Help with Personal Investments
Topic: Enough. How do I invest in Australia.
Replies: 22
Views: 1462

Re: Enough. How do I invest in Australia.

Looking at those graphs it appears perhaps all of the Australian out performance is due to the 1930s. Australia didn't take much of a hit during great depression. The US lost much more than 50% After that I suspect the returns are pretty similar. Australia is somewhat of a natural resources commodi...
by Valuethinker
Thu Aug 16, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: Chinese ETF or Gold or something else?
Replies: 17
Views: 1205

Re: Chinese ETF or Gold or something else?

Those money market funds I recommended pay 5% with minimal additional risk. 余额宝 Is already the world’s largest money market fund with almost $300B USD in assets. Not sure where you get the idea it’s not “serious”. Would you recommend Chinese corporate bonds for US investors? Like DSUM or CBON? I wo...
by Valuethinker
Thu Aug 16, 2018 6:08 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 346
Views: 22518

Re: Invest in Tesla?

Perhaps it's time for Elon to step down as CEO and put someone in charge who knows how to properly run a public company. I get that he's a "big ideas" guy who wants to change the world. That's fine. As CTO, he can do that, setting the direction of what Tesla is going to do. <snip> ha! Well said, an...
by Valuethinker
Thu Aug 16, 2018 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Enough. How do I invest in Australia.
Replies: 22
Views: 1462

Re: Enough. How do I invest in Australia.

There has been a claim, not the first I have heard on this site, that Australia securities have grown faster than US securities since 1900. I follow the data. I don't follow feelings. I don't follow schools of thought. I don't believe in International vs US. I don't care. I'm here to make money. Ho...
by Valuethinker
Thu Aug 16, 2018 11:28 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 523
Views: 29660

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

That's very true of most world markets. Australia, for instance, has a market capitalization of about $1.5 trillion. But the U.S. is roughly 50% of the world's market capitalization, over $30 trillion. The U.S. only investor is buying a stake in 50% of the world's stock; no other home-country-only ...
by Valuethinker
Thu Aug 16, 2018 9:01 am
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 107
Views: 7015

Re: Retire in Florida or Alabama?

Seawalls are obviously just one form of technology, you just listed a few others that are also effective and that can also be implemented incrementally. Well none of it is free. Expect taxes to go up. And if the OP's parents are retiring for the beaches, they will not protected with pumps. Agreed, ...
by Valuethinker
Thu Aug 16, 2018 8:42 am
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 107
Views: 7015

Re: Retire in Florida or Alabama?

My personal opinion is that due to climate change buying beach-front or beach-adjacent property anywhere in the southern half (and possibly even the northern half) of the United States is a risk not worth taking. In 20 years many of those areas will be unrecognizable. At the bare minimum the disrup...
by Valuethinker
Thu Aug 16, 2018 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Index Fund Investing in Sweden, for Swede's
Replies: 12
Views: 597

Re: Index Fund Investing in Sweden, for Swede's

A lot of folks use Investor AB as a sort of Berkshire Hathaway in Sweden. They own stakes in a wide swath of Sweden's large companies, but not quite as diversified as Berkshire. I don't own Berkshire, so don't recommend Investor AB, but people do equate the two in Sweden. Lovely company and all tha...
by Valuethinker
Thu Aug 16, 2018 7:44 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 523
Views: 29660

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
Thu Aug 16, 2018 7:08 am
Forum: Investing - Help with Personal Investments
Topic: Index Fund Investing in Sweden, for Swede's
Replies: 12
Views: 597

Re: Index Fund Investing in Sweden, for Swede's

I am trying to help a friend,who lives in Stockholm, and is trying to start investing in Sweden. She has read all the perquisite Boglehead material, but is having trouble finding access to true index funds there. I am struggling, as does google Translate it seems, and trying to decipher some of the...
by Valuethinker
Thu Aug 16, 2018 7:05 am
Forum: Investing - Theory, News & General
Topic: Chinese ETF or Gold or something else?
Replies: 17
Views: 1205

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. Theoretically we could buy Gold ETF in China using Renminbi and short Go...
by Valuethinker
Wed Aug 15, 2018 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Investment Advice Sought
Replies: 11
Views: 931

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: 523
Views: 29660

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: 73
Views: 6637

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: 14
Views: 698

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: 31
Views: 4735

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: 835

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: 2019

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: 2019

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: 523
Views: 29660

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: 835

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: 31
Views: 4735

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: 6
Views: 690

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: 17
Views: 1205

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: 2019

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: 835

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: 17
Views: 1205

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: 523
Views: 29660

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: 31
Views: 4735

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: 17
Views: 1205

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: 526

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. ...