Search found 4673 matches

by Noobvestor
Tue Aug 21, 2018 6:54 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

I've been watching your Matter/Scatter series with interest, but: have you run it for ex-US countries against other national markets? I'm constrained by availability of mutual funds and ETFs that PortfolioVisualizer knows about. And I'm not going to do a whole bunch of them. Suggest a couple you th...
by Noobvestor
Mon Aug 20, 2018 11:15 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

Yep! 0% International works for me! :beer I guess all we have to do is look at one isolated period of past returns. And all this time I thought there was more to investing! :oops: Simplicity. Yup. When in doubt, diversify and own the whole market. I can't think of anything simpler than that (see al...
by Noobvestor
Mon Aug 20, 2018 10:39 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

oldzey wrote:
Mon Aug 20, 2018 9:55 pm
Yep! 0% International works for me! :beer
I guess all we have to do is look at one isolated period of past returns. And all this time I thought there was more to investing! :oops:
by Noobvestor
Mon Aug 20, 2018 9:40 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

Hey Nis - always good to bump into you in the forums - it's been a while! You do not automatically get a diversification benefit just because a correlation isn't 1.00 . This is, of course true, but you're arguing from the wrong starting point IMHO. If you get better correlation benefits from being m...
by Noobvestor
Mon Aug 20, 2018 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 10
Views: 1674

Re: Bay Area housing frenzy cooling

My philosophy is pretty simple: if houses become affordable, I'll buy one. If they don't, I won't, and will eventually leave the Bay. It's not exactly conducive to building long-term friendships out here, but there's no other option, really. I'm rich in the Midwest, poor in California.
by Noobvestor
Mon Aug 20, 2018 8:08 pm
Forum: Investing - Theory, News & General
Topic: Treasury Bonds are the Only Bonds You Need
Replies: 168
Views: 15694

Re: Treasury Bonds are the Only Bonds You Need

Whenever Treasury duration comes up, I like to link Robert T's classic thread on the 'Diversifying Power of Longer Term US Treasuries' https://www.bogleheads.org/forum/viewtopic.php?t=2409 Notably, long-term Treasuries do well in most crises. However, intermediate is arguably the best balance for wh...
by Noobvestor
Mon Aug 20, 2018 7:45 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

Suddenly, tilting from ~50/50 to 100% US seems like an extreme position , requiring a robust rational that encompasses market theory and data. I'm not against tilting for good reasons, but the argument needs to come from the right starting point. I suppose it all depends on how you define "extreme....
by Noobvestor
Mon Aug 20, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

I wonder whether some of the vigorous argument over this stems from people confusing two questions: Will international over the next decade do as well as the US did over the last decade? Will US over the next decade do as well as than the US did over the last decade? It seems like a lot of the smar...
by Noobvestor
Mon Aug 20, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

I think that I have obviously failed to adequately explain myself. Assuming this addresses what you meant: Vanguard Total World is more expensive than holding Total (US) Stock and Total International individually. It also has no Admiral share class. Otherwise I would regularly recommend it as a one...
by Noobvestor
Mon Aug 20, 2018 11:29 am
Forum: Investing - Theory, News & General
Topic: Emerging Markets in Bear Territory
Replies: 65
Views: 8454

Re: Emerging Markets in Bear Territory

I agree about EM risk. There is a great degree of variability of governance from very good (S.Korea & S.Africa) to downright scary (Russia, Turkey & China). When you see the indexes having heavy weightings in the later where the aim of corporations is not shareholder value but government policy, yo...
by Noobvestor
Mon Aug 20, 2018 10:40 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

I confess not having read the entire thread, so perhaps this has been asked and answered: If diversification is so BH, why is there a three-fund portfolio recommendation? Why not just have everything in Total International Equities and cash/International Bonds? What? You are saying two funds includ...
by Noobvestor
Mon Aug 20, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

I respect your opinions, Valuethinker, but when I take them case by case I'm just not finding these to be particularly good reasons - a slight ER difference, reduced (not increased) volatility, and, as you say, the weakest of the bunch is historical performance. Because of the currency volatility I...
by Noobvestor
Mon Aug 20, 2018 12:13 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

I confess not having read the entire thread, so perhaps this has been asked and answered: If diversification is so BH, why is there a three-fund portfolio recommendation? Why not just have everything in Total International Equities and cash/International Bonds? What? You are saying two funds includ...
by Noobvestor
Sun Aug 19, 2018 11:41 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

Good to see this topic. I did see vxus, ixus, VEU etc, shows YTD loss and chart is devastating. What do we do with international asset in our portfolio? If the international asset in portfolio shows negative YTD, how do we commit new $ into this asset? What are the alternate ? Thanks for sharing. I...
by Noobvestor
Sun Aug 19, 2018 11:36 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

- lower volatility due to avoiding currency exposure also international markets have tended towards higher volatility than USA According to Vanguard's research, volatility has been reduced overall for US investors when adding anywhere between 1% and 60%+ international http://i.imgur.com/BLwuiAT.jpg...
by Noobvestor
Sat Aug 18, 2018 10:45 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

As others have pointed out: we can't conclude both that international is riskier and that it provides less return (historically and going forward) without admitting an inexplicable inefficiency. I wouldn't call home country bias an "inexplicable efficiency." It tends to be even stronger in internat...
by Noobvestor
Sat Aug 18, 2018 8:46 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

As others have pointed out: we can't conclude both that international is riskier and that it provides less return (historically and going forward) without admitting an inexplicable inefficiency. I wouldn't call home country bias an "inexplicable efficiency." It tends to be even stronger in internat...
by Noobvestor
Sat Aug 18, 2018 8:08 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

Vanguard increased the internationl percent in their Target Funds. Could they ever decrease the percent? In theory, sure. My suspicion, though, is that they are moving toward market weights - I'm mildly surprised they haven't just added a lower-cost Vanguard Total World Admiral and made that part o...
by Noobvestor
Sat Aug 18, 2018 1:02 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

One of Taylor Larimore's favorite sayings is: "When experts disagree it is often because it does not make a foreseeable difference." Steven Dunn's* remarks reinforce this observation (see #8 below), originally found at: http://socialize.morningstar.com/NewSocialize/forums/t/162377.aspx Order of imp...
by Noobvestor
Sat Aug 18, 2018 12:27 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

One of Taylor Larimore's favorite sayings is: "When experts disagree it is often because it does not make a foreseeable difference." Steven Dunn's* remarks reinforce this observation (see #8 below), originally found at: http://socialize.morningstar.com/NewSocialize/forums/t/162377.aspx Order of imp...
by Noobvestor
Sat Aug 18, 2018 12:09 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 12529

Re: Remind me (again) how real estate isn't a GREAT investment?

Two words: concentration risk. Would you consider sinking a few hundred thousand dollars into one stock? I'm guessing the answer is no. And yet, you could probably do that more safely than investing a similar amount in a house, if it's a big, wide-moat company. So the question becomes: how much retu...
by Noobvestor
Fri Aug 17, 2018 10:39 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

In the same vein that one could argue that international bonds aren't appropriate for the reasons you've outlined, they could argue that international equity's returns (in total) provide less 'upside potential' than U.S. equities. I'm not saying that's absolutely correct, but the argument is very s...
by Noobvestor
Fri Aug 17, 2018 10:31 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

In the same vein that one could argue that international bonds aren't appropriate for the reasons you've outlined, they could argue that international equity's returns (in total) provide less 'upside potential' than U.S. equities. I'm not saying that's absolutely correct, but the argument is very s...
by Noobvestor
Fri Aug 17, 2018 9:50 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

Actually, the 'default position' is a market cap weighting of the world's stocks, bonds, real estate, cryptocurrency, etc. I doubt that anyone holds such a position. Please let's use the principle of charity here at least. Investing in real estate (outside of the REITs) and cryptocurrencies can be ...
by Noobvestor
Fri Aug 17, 2018 9:23 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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

Took a while, but I just finished reading through this ten-page thread, and have a few thoughts and responses: Concerns about currency are (predictably) overblown - setting aside all other assets (SS, pensions, houses, etc...) a typical 60/40 Boglehead that is 50/50 US/international within stocks ha...
by Noobvestor
Fri Aug 17, 2018 7:35 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 636
Views: 38693

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 Noobvestor
Thu Aug 02, 2018 4:50 pm
Forum: Investing - Theory, News & General
Topic: Treasury Bonds are the Only Bonds You Need
Replies: 168
Views: 15694

Re: Treasury Bonds are the Only Bonds You Need

Picking a duration that is significantly shorter or longer than your investment horizon is an ACTIVE decision to make a bet on the direction of future interest rates (and in a complicated way that view investors understand). I mean on this logic, any long-term investor should be entirely in long-te...
by Noobvestor
Tue Jul 31, 2018 10:59 pm
Forum: Investing - Theory, News & General
Topic: How much does it matter, considering scatter? Part 1 of many: Introduction
Replies: 38
Views: 4398

Re: How much does it matter, considering scatter? Part 1 of many: Introduction

Have you done one yet comparing various (inter)national stock markets? Could be interesting.
by Noobvestor
Tue Jul 31, 2018 10:54 pm
Forum: Investing - Theory, News & General
Topic: placement of Total International Bond in portfolio
Replies: 5
Views: 508

Re: placement of Total International Bond in portfolio

Can't see any reason to own an international bond fund when ultra-safe Treasuries of the same duration pay three times as much :shock:
by Noobvestor
Sat Jul 28, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: VWITX (Vanguard Intermediate Term Tax Exempt) Question
Replies: 9
Views: 1616

Re: VWITX (Vanguard Intermediate Term Tax Exempt) Question

It's slightly misleading to inexperienced people to post only the SEC yields of the two funds as they will be taxed quite differently. If you are making the case that the TEY isn't great enough to justify the risk (and I think you have in other threads) that's certainly reasonable. That's fair - wi...
by Noobvestor
Fri Jul 27, 2018 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: If Vanguard has 388 funds why should I stick with a 3 fund portfolio?
Replies: 15
Views: 2456

Re: If Vanguard has 388 funds why should I stick with a 3 fund portfolio?

So a three-fund portfolio gets you thousands of stocks globally, and an array of bonds. Tilting on top of that doesn't generally add more to the mix, it just concentrates you within that mix. There are a lot of reasons Vanguard offers more, but more funds rarely adds to the mix - usually it just con...
by Noobvestor
Fri Jul 27, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: VWITX (Vanguard Intermediate Term Tax Exempt) Question
Replies: 9
Views: 1616

Re: VWITX (Vanguard Intermediate Term Tax Exempt) Question

Not quite the question you asked, but since you asked about quality ... Vanguard Intermediate-Term Tax Exempt has an SEC yield of 2.38% Vanguard Intermediate-Term Treasury Fund has an SEC yield of 2.74% At this point, I see no reason to opt for tax-exempt over Treasuries personally, though individua...
by Noobvestor
Sat Jul 21, 2018 10:45 am
Forum: Investing - Theory, News & General
Topic: Index-ish fund that lacks FAANG?
Replies: 42
Views: 4106

Re: Index-ish fund that lacks FAANG?

I would think Vanguard Extended Market Index would do the trick (mid/small caps w/o the large)

That said: pretty dangerous to omit the stocks currently driving the market IMHO
by Noobvestor
Thu Jul 19, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Ratio of CDs to Bonds
Replies: 5
Views: 775

Re: Ratio of CDs to Bonds

As with most things, it really depends on what fixed income is designed to do in your portfolio. If you want predictable nominal cash flows, then CDs are fine. Personally, I like to have some Treasuries that might go up when stocks go down, and some TIPS, which protect against inflation. I would als...
by Noobvestor
Tue Jul 10, 2018 12:29 am
Forum: Investing - Theory, News & General
Topic: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters
Replies: 108
Views: 9086

Re: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters

I appreciate your endeavor to balance out the stock disasters, but I'm not seeing a lot of discussion of bond duration - if we're talking about intermediate, that's different than long and different than short, which could make a big impact. I don't know what data sources you have available, but rer...
by Noobvestor
Tue Jul 10, 2018 12:22 am
Forum: Personal Consumer Issues
Topic: Simple & Effective Video Camera Option - Help Buying, Please!
Replies: 3
Views: 279

Simple & Effective Video Camera Option - Help Buying, Please!

I know I can shoot video on my phone, but I want something that's a stand-alone device w/more storage to interview some older relatives about their lives. Ideally, it would be a point-and-shoot kind of affair I can prop up on a tripod and just click to start/stop, nothing fancy required. Basically j...
by Noobvestor
Fri Jul 06, 2018 10:17 pm
Forum: Investing - Theory, News & General
Topic: Bernstein watchers - where do you go to see his current writing or current allocation preferences ?
Replies: 32
Views: 3966

Re: Bernstein watchers - where do you go to see his current writing or current allocation preferences ?

Bill Bernstein wrote:
Fri Jun 29, 2018 12:46 pm
Hey Bill - just wanted to say 'hi' and 'thanks' - I still lend out your books regularly, and often link folks to (old but handy!) pages on your website.
by Noobvestor
Fri Jul 06, 2018 9:51 pm
Forum: Investing - Theory, News & General
Topic: yield curve inversion
Replies: 48
Views: 4733

Re: yield curve inversion

The definition of an inverted yield curve is and I think always has been one which credit-riskless instruments (treasury) bear yields which are not monotonically nondecreasing with respect to term. I don't know if this is true or not (can you cite a source?), but let me see if I can even parse what...
by Noobvestor
Fri Jul 06, 2018 9:17 pm
Forum: Investing - Theory, News & General
Topic: Morningstar: prepare for a lost decade for U.S. stocks
Replies: 198
Views: 18913

Re: Morningstar: prepare for a lost decade for U.S. stocks

Forecasts of low (or in this case 0%) returns for the US stocks over the next 10 years and gloomy news articles about yield curve inversion...which isn't in fact inverted seem to be popping up multiple times a day now. The yield curve is the flattest it's been (closest to inverting) since before th...
by Noobvestor
Tue Jul 03, 2018 12:29 am
Forum: Investing - Theory, News & General
Topic: Does the ROTH IRA force us to rebalance in January?
Replies: 24
Views: 1468

Re: Does the ROTH IRA force us to rebalance in January?

I don't contribute to a Roth in January. Probably a fair number of folks do it later in the year for various reasons - e.g. that's when they have money, or they're not sure if they'll be eligible. And then you have all the people contributing from paychecks, or to taxable accounts. To further compli...
by Noobvestor
Tue Jul 03, 2018 12:09 am
Forum: Investing - Help with Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 169
Views: 12682

Re: Expected returns for 80/20 stock bond for next 10 years.

However, I disagree about the real returns for bonds of 1-2%. I don't see anyone forecasting that high. RA 0.88% Robeco -3% JP Morgan 0.75% BNY Mellon 0.1% Callan 0.5% Blackrock -0.45% GMO -1% AQR 0.4% Schwab 0.9% No one is really forecasting 1% real return for bonds; everyone seems to come in quit...
by Noobvestor
Mon Jul 02, 2018 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 169
Views: 12682

Re: Expected returns for 80/20 stock bond for next 10 years.

Rick Ferri wrote:
Mon Jul 02, 2018 8:22 pm
A realistic return number for an 80/20 allocation is 5% nominal and 3% real. Sorry I was not clear in that.
That for 100% US, 50/50 US/intl, or something in between? :|
by Noobvestor
Wed Jun 06, 2018 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Marketing [Transition to brokerage account]
Replies: 16
Views: 1256

Re: Vanguard Marketing

Someone may come along who knows better than me, but it's my understanding they consolidated everyone's accounts into the brokerage platform. If I'm right, they aren't trying to upsell you, just bringing you into their new overall system where everything's in one place. Looks like some people have f...
by Noobvestor
Wed May 16, 2018 11:20 pm
Forum: Investing - Theory, News & General
Topic: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%
Replies: 106
Views: 11104

Re: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%

If your investment horizon is over ten years, there is absolutely no reason to own bond funds right now. VBTLX has a 2.64% dividend yield, while VBILX has 2.76%. VTSAX has 1.74%. Why chase the less than 1% difference in yield, when bond funds have fallen so much harder than VTSAX? I don't even unde...
by Noobvestor
Sun Apr 22, 2018 1:33 am
Forum: Investing - Theory, News & General
Topic: The Limits of Modern Portfolio Theory - Do Investors Understand What They Own?
Replies: 16
Views: 2200

The Limits of Modern Portfolio Theory - Do Investors Understand What They Own?

The Limits of Modern Portfolio Theory by Steven D. Bleiberg in Barron's It now dominates investing—and as a result, many equity investors no longer understand the companies they own. Link: https://www.barrons.com/articles/the-limits-of-modern-portfolio-theory-1523636363 I found this to be an intere...
by Noobvestor
Sun Apr 15, 2018 7:08 pm
Forum: Investing - Theory, News & General
Topic: *A* yield curve has inverted
Replies: 3
Views: 1104

Re: *A* yield curve has inverted

Nominal curve is flattish at the long end. From 10-30 years you get just a little over 1bp per year. Even 5-10 you are getting less than 5bp. No real reason to extend beyond 2-3 years with anything right now. I'm open to being called irrational for this, but I'm holding intermediate-term Treasuries...
by Noobvestor
Fri Apr 13, 2018 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Ditched bond fund for money market. Thoughts?
Replies: 40
Views: 5129

Re: Ditched bond fund for money market. Thoughts?

Instead of money market, how about switching to international bond fund? The Vanguard international bond index seems to be holding up nicely as opposed to Total bond index which is negative YTD. Curious what the group thinks about this. Bond fund NAV is up because yield is down. I knew the yield wa...
by Noobvestor
Thu Apr 12, 2018 1:20 am
Forum: Investing - Help with Personal Investments
Topic: Ditched bond fund for money market. Thoughts?
Replies: 40
Views: 5129

Re: Ditched bond fund for money market. Thoughts?

Thanks for the replies. This move was just a very slight deviation from my IPS. (and is easily reversed) I would suggest fleshing your IPS out with details about target duration and credit quality. If you went from intermediate duration to effectively zero duration, for instance, I would call that ...
by Noobvestor
Wed Apr 11, 2018 8:22 pm
Forum: Investing - Theory, News & General
Topic: Emerging markets tilt
Replies: 37
Views: 3728

Re: Emerging markets tilt

50/50 US/international + 50/50 developed/emerging (within international) - it's static, not tactical. Reasoning: emerging markets should be riskier and thus offer more return. Also, they have historically been less correlated with developed markets like the US (so: better diversification) . https://...
by Noobvestor
Wed Apr 11, 2018 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Ditched bond fund for money market. Thoughts?
Replies: 40
Views: 5129

Re: Ditched bond fund for money market. Thoughts?

Depends on what you want out of your fixed income. I prefer intermediate duration, safe government bonds (Treasuries and TIPS) that may zig when the market zags (in flights to safety) and generally have a bit more yield than MM funds. Instead of a drastic move, consider a partial move - e.g. split c...