Search found 4717 matches

by Noobvestor
Sun Oct 21, 2018 9:36 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5 year TIPS bonds?
Replies: 42
Views: 3662

Re: Thoughts on 5 year TIPS bonds?

The improvement in short term TIPS yields has me thinking of redeeming my 0% real I-Bonds (2011, 2012 and 2016) and investing the proceeds into Vanguard Short-Term Inflation-Protected Securities Index Fund. How would one properly evaluate that decision? I know there is a near-term tax bill and you ...
by Noobvestor
Sat Oct 13, 2018 1:55 am
Forum: Investing - Help with Personal Investments
Topic: Buying opportunity? Invest my emergency fund??
Replies: 13
Views: 2700

Re: Buying opportunity? Invest my emergency fund??

Alex GR wrote:
Fri Oct 12, 2018 4:11 pm
So given the recent mini-crash we've had, is this a buying opportunity to invest at least a part of the way-too-high emergency fund? For example, invest $80k and keep $40k as reserve.

*Squints* - ummmm, buying opportunity, or blip on the radar?!

Image
by Noobvestor
Fri Oct 12, 2018 8:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8615
Views: 1680444

Re: U.S. stocks in freefall

I'm a relatively young investor here in the beginning years of my retirement portfolio accumulation phase. Been with Vanguard for about 5 years now since I started my career. Currently in 100% equities. And I am EAGERLY awaiting a huge bear market...because it simply means stocks are at a discount....
by Noobvestor
Wed Sep 26, 2018 12:48 am
Forum: Investing - Help with Personal Investments
Topic: CA Resident - What Vanguard Bonds in Taxable Account?
Replies: 7
Views: 1044

Re: CA Resident - What Vanguard Bonds in Taxable Account?

Given how high CA tax rates are, treasuries might actually be a good bet there. You save the 9%+ CA tax. I would very much second this. I recently ran the math and came up with the following for someone earning $100,000/year tax bracket-wise. These calculations took into account both federal and st...
by Noobvestor
Sat Sep 22, 2018 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on track for retirement? Also: Simplify? Optimize?
Replies: 7
Views: 1434

Re: Am I on track for retirement? Also: Simplify? Optimize?

Just some simplification potential first: Taxable: Sell: 0.8% Vanguard Limited Term Tax Exempt (probably just roll into savings or w/e) Rollover IRA: Combine everything into Total Bond up to whatever percent you need, rest in Total Stock and/or Total International Roth IRA: Put everything in Total S...
by Noobvestor
Sun Sep 16, 2018 10:55 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Hedging international equities’ currency risk would have reduced portfolio volatility for US investors
Replies: 17
Views: 1914

Re: Vanguard: Hedging international equities’ currency risk would have reduced portfolio volatility for US investors

In pushing the question to a logically possible (but not actually implemented) extreme, I see your point entirely - if Vanguard advised 100% FI portfolios, and they stuck to their 100% hedged position, then there would be currency concentration risk. I agree. But the first of those premises is fals...
by Noobvestor
Sun Sep 16, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard: Hedging international equities’ currency risk would have reduced portfolio volatility for US investors
Replies: 17
Views: 1914

Re: Vanguard: Hedging international equities’ currency risk would have reduced portfolio volatility for US investors

Concentration Risk: Vanguard’s FI hedging implies this risk is very small Thanks for your thoughtful response, Noobvestor. Even if you and I have different perspectives on the same information, it was instructive to see your reasoning. Same! In responding to my earlier post on concentration risk, y...
by Noobvestor
Sun Sep 16, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 18396

Re: Bay Area housing frenzy cooling

Two cents: if you make this "joke" when you meet folks who live in other parts of the Bay, it might rub some the wrong way. Anyway, going by prices, here's Trulia's heat map - the red (1.5MM+ median) spots wrap the Bay, east and west on all sides, with a few patchy exceptions: Are you kidding? It i...
by Noobvestor
Sun Sep 16, 2018 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 18396

Re: Bay Area housing frenzy cooling

Official government definition of “Bay Area” for planning purposes: https://mtc.ca.gov/about-mtc/what-mtc/nine-bay-area-counties Yup! That sums it up well: https://upload.wikimedia.org/wikipedia/commons/thumb/d/d8/California_Bay_Area_county_map_%28zoom%26color%29.svg/250px-California_Bay_Area_count...
by Noobvestor
Sun Sep 16, 2018 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 18396

Re: Bay Area housing frenzy cooling

First off Oakland isn't real bay area You lost me in your first line. It's not 'real' Bay Area? It's literally on the Bay, and just across it from SF. What could be more 'Bay Area'? :shock: :) https://upload.wikimedia.org/wikipedia/commons/b/bc/Bayarea_map.png Yes, it's geographically part of the B...
by Noobvestor
Fri Sep 14, 2018 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 18396

Re: Bay Area housing frenzy cooling

randomguy wrote:
Fri Sep 14, 2018 1:50 pm
First off Oakland isn't real bay area
You lost me in your first line. It's not 'real' Bay Area? It's literally on the Bay, and just across it from SF. What could be more 'Bay Area'?

:shock: :)

https://upload.wikimedia.org/wikipedia/ ... ea_map.png
by Noobvestor
Fri Sep 14, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 18396

Re: Bay Area housing frenzy cooling

Realistically 40% nominal drops are really rare in established areas (i.e. we are not talking towns 90 miles away that were build on speculation) without fundamental changes in the area (i.e. major unemployment). I generally agree, though there is some variability - consider SF's direct neighbor to...
by Noobvestor
Wed Sep 12, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Hedging international equities’ currency risk would have reduced portfolio volatility for US investors
Replies: 17
Views: 1914

Re: Vanguard: Hedging international equities’ currency risk would have reduced portfolio volatility for US investors

In fact, of the 4 countries studied, the US is the only one where (1) both the equity-currency correlation and the relative historical performance consistently suggest the benefit of hedging, and (2) where this relationship is stable over time. I think we're looking at the same data and drawing opp...
by Noobvestor
Tue Sep 11, 2018 10:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Hedging international equities’ currency risk would have reduced portfolio volatility for US investors
Replies: 17
Views: 1914

Re: Vanguard: Hedging international equities’ currency risk would have reduced portfolio volatility for US investors

It shows that over the last few decades, a US investor would have reduced volatility in most 3-year rolling periods by hedging currency risk on an international equity portfolio. That's a very narrow way to look at things. Sample size: one country. Sample period: a few decades. Sample type: 3-year ...
by Noobvestor
Mon Sep 10, 2018 10:34 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107063

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

I'm amazed this hasn't yet spawned a "It's not enough to mumble "Stay the Course"... BOND Investing has been a disaster!" spinoff thread.
by Noobvestor
Fri Sep 07, 2018 11:15 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107063

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

If you tilt value in your portfolio I don’t see how you can ignore international at these valuations. They call it Home Country Bias for a reason. However, even Vanguard acknowledges that: our framework suggests that U.S. investors may have some quantitative justification for a home bias Would you ...
by Noobvestor
Tue Sep 04, 2018 10:22 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107063

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

Zonto... I'm still very interested in creating an efficient frontier analysis regarding the mix of assets for a 3 Fund Portfolio with a 60/40 stock bond split. I do understand the limitations on the data in PV. Any ideas on where to find a complete set of performance data (back to 1970 I guess) for...
by Noobvestor
Mon Sep 03, 2018 10:53 pm
Forum: Investing - Theory, News & General
Topic: Playing with Callan's periodic tables of investment returns
Replies: 81
Views: 7101

Re: Playing with Callan's periodic tables of investment returns

Why not take a look to stocks in other countries? Let's come back to the past 20 years, and compare some of the largest stock markets. Annual returns are nominal, expressed in the local currency. Data source: MSCI . http://i.imgur.com/ptasxa4h.jpg Any given country really is all over the map (yes y...
by Noobvestor
Mon Sep 03, 2018 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a better way to do International than Total Index??
Replies: 22
Views: 2978

Re: Is there a better way to do International than Total Index??

International's been discussed time and time again. I've looked at historical performance, not recent past performance, but long term historical performance, and the US domestic stock market significantly outperforms Total International over long periods of time and multiple periods of time. It's n...
by Noobvestor
Sun Sep 02, 2018 1:09 am
Forum: Investing - Help with Personal Investments
Topic: Enough. How do I invest in Australia. [as a US investor]
Replies: 63
Views: 5758

Re: Enough. How do I invest in Australia. [as a US investor]

The answer I came up with after weeks of backtesting was Record scratch - freeze frame. I bet you're wondering how I got here ... But seriously ... there are limits to backtesting, and spending weeks on it sounds like a recipe for disaster. A lot of people here have tried reinventing the wheel, but...
by Noobvestor
Sun Sep 02, 2018 12:31 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107063

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

Had I invested in Interntional, i.e. VGTSX in 1996, my CAGR is 4.84-4.94% a year. https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults A 100k investment then would be worth $284,362 today A 100k investment in VTSMX, for the same time period would be worth $604,398 today. :shock: $...
by Noobvestor
Sat Sep 01, 2018 11:21 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107063

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

I wonder whether it is less problematical to understand how investing in both types of equities mpacts individual portfolio volatility. Is understanding this as hopeless as specilatong about each asset class’s total return? After all, diversification isn’t valuable because it maximizes total return...
by Noobvestor
Sat Sep 01, 2018 11:14 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107063

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

If we regard this question of the past 30 years as significant (which I don't), then by the end of the 80s, after 30 years of underperformance, we should have inferred that the US was totally going down the drain. Which would have been plain wrong. Which definitely convinces me that the question is...
by Noobvestor
Sat Sep 01, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107063

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

For those that argue for 0% ex-U.S., would your opinion change if you knew that international would outperform the United States by 5% per annum for the next decade? Mine would. Absolutely. Let's take a look at the differences between the US and International for a moment. United States, Unified ma...
by Noobvestor
Sat Sep 01, 2018 5:07 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107063

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

I wonder whether it is less problematical to understand how investing in both types of equities mpacts individual portfolio volatility. Is understanding this as hopeless as specilatong about each asset class’s total return? After all, diversification isn’t valuable because it maximizes total return...
by Noobvestor
Sat Sep 01, 2018 12:30 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107063

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

2. Performance: International stocks as a class have underperformed the US Market over the past 20 years... 5.66% vs 7.52% using Vanguard International Stock Index fund (VTIAX) and Vanguard Total Stock Market Fund (VTSAX), 1998-2017. My bold. International stocks aren't a 'class' - they are a colle...
by Noobvestor
Thu Aug 30, 2018 1:06 am
Forum: Investing - Help with Personal Investments
Topic: Enough. How do I invest in Australia. [as a US investor]
Replies: 63
Views: 5758

Re: Enough. How do I invest in Australia.

I agree that short of using leverage you're not going to out-risk a 100% stock portfolio. Historically, an 80% stock portfolio has yielded ~9.6% annualized versus a 100% stock portfolio at ~10.3% annualized. The incremental gains at that point aren't worth it to me, but to each their own. But the pr...
by Noobvestor
Wed Aug 29, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Enough. How do I invest in Australia. [as a US investor]
Replies: 63
Views: 5758

Re: Enough. How do I invest in Australia.

So a few years back, you were virtually all-in with Treasuries. Now you're all-in with US small/mid-caps. I don't know how long you stayed with the older portfolio, but I imagine it lagged the market. Now you're all stock at even higher valuations. I really think you could benefit from picking and ...
by Noobvestor
Wed Aug 29, 2018 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Enough. How do I invest in Australia. [as a US investor]
Replies: 63
Views: 5758

Re: Enough. How do I invest in Australia.

I did a quick scan back through your posting history and found this in another thread: 34 years old and currently 90% treasuries, 10% equities. I'm just waiting to jump back in. I agree with the other side however. This drop has been nothing. It's barely a correction, and stocks are still too high h...
by Noobvestor
Wed Aug 29, 2018 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Enough. How do I invest in Australia. [as a US investor]
Replies: 63
Views: 5758

Re: Enough. How do I invest in Australia.

And before anyone accuses me of cherry picking, that point is relevant to me. Not only am I 100% US stocks at the moment, I am 100% invested in VXF, the Vanguard Extended Market. You are probably trolling us, but I have to ask, what rationale do you have to completely avoid US large-caps? Not troll...
by Noobvestor
Wed Aug 29, 2018 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Enough. How do I invest in Australia. [as a US investor]
Replies: 63
Views: 5758

Re: Enough. How do I invest in Australia.

And before anyone accuses me of cherry picking, that point is relevant to me. Not only am I 100% US stocks at the moment, I am 100% invested in VXF, the Vanguard Extended Market. You are probably trolling us, but I have to ask, what rationale do you have to completely avoid US large-caps? Not troll...
by Noobvestor
Wed Aug 29, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: Home Country Bias
Replies: 31
Views: 2884

Re: Home Country Bias

It's not that the US market does not have risks, I just feel that I am more aware of the risks compared to other countries. One of the most well documented behavioral biases is feeling the familiar is automatically safer. Just a couple of references near the top of a search https://www.psychologyto...
by Noobvestor
Tue Aug 28, 2018 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put 6 figs cash before investing (to minimize income)
Replies: 7
Views: 906

Re: Where to put 6 figs cash before investing (to minimize income)

Maybe a combination of municipal and federal money market funds. I'd be wary putting it all into a state muni fund.
by Noobvestor
Tue Aug 28, 2018 11:32 pm
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11839

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

"You should own the whole market" written by people who are only buying the US market (around half the global market). :beer
by Noobvestor
Mon Aug 27, 2018 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Is Treasury Direct worth the hassle?
Replies: 52
Views: 5371

Re: Is Treasury Direct worth the hassle?

I really like series I savings bonds. They are a unique financial instruments with unique properties. It's not the interest rates. It's that, unlike marketable Treasury securities, they do not have interest rate risk ; and unlike bank accounts, they do not have inflation risk. No, the Treasury Dire...
by Noobvestor
Mon Aug 27, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107063

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

Investors outside the U.S. have been shown to exhibit even greater home country bias than investors within the U.S. Actually, that graph demonstrates my point very well. U.S. investors are 'overweight' in U.S. stock by about 55% (i.e. they have 55% more U.S. stock than they should if their goal was...
by Noobvestor
Mon Aug 27, 2018 12:47 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107063

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

I am not convinced that any market anywhere is 'perfectly' efficient or even very close to it, including that of the U.S. But relatively speaking, believe that the U.S. and a few other major markets are more efficient than many international markets, especially China. I really can't unpack the logi...
by Noobvestor
Mon Aug 27, 2018 12:10 am
Forum: Investing - Theory, News & General
Topic: Home Country Bias
Replies: 31
Views: 2884

Re: Home Country Bias

With bonds, hedging the currency moves the returns to approximately the risk free rate in the home currency (the one hedged into). Gains in returns above that come from credit risk, liquidity risk and (to an extent which varies over the cycle) different real interest rate cycles. With equities that...
by Noobvestor
Sun Aug 26, 2018 11:50 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107063

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

Based on credit suisse https://publications.credit-suisse.com/tasks/render/file/?fileID=B8FDD84D-A4CD-D983-12840F52F61BA0B4 From 1900-2016, world_US average return is 2.1% behind US. I think as a long-time investor, it is absolutely ok to only buy domestic market. If people think of some big risk (...
by Noobvestor
Sun Aug 26, 2018 10:51 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107063

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

6) From a valuation perspective, US ratios are at historically high levels, Internationals are at closer to historically normal levels. Nice synthesis in the above post. There is a little bit of hyperbole in this sentence though. Check the Shiller CAPE here , and you'll see that 1999, 2000, 2001 va...
by Noobvestor
Sun Aug 26, 2018 9:57 pm
Forum: Investing - Theory, News & General
Topic: Home Country Bias
Replies: 31
Views: 2884

Re: Home Country Bias

These are some research papers from Vanguard Canada: - Global equities: Balancing home bias and diversification: https://www.vanguardcanada.ca/documents/global-equities-advisor.pdf - The global case for strategic asset allocation and an examination of home bias: https://www.vanguardcanada.ca/docume...
by Noobvestor
Sun Aug 26, 2018 8:37 pm
Forum: Investing - Theory, News & General
Topic: Where's the Inflation Hedge for Short-Term TIPS?
Replies: 79
Views: 4857

Re: Where's the Inflation Hedge for Short-Term TIPS?

Negative returns are a result of negative yield. The initial yields on short-term TIPS offered a few years ago were negative, hence the negative returns down the line. This FED web page demonstrates this. Five year TIPS had negative real yields (very briefly) as recently as June, 2017. Thanks for t...
by Noobvestor
Wed Aug 22, 2018 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: To buy or hold for housing crash in Bay Area CA
Replies: 27
Views: 3179

Re: To buy or hold for housing crash in Bay Area CA

Obviously, opinions will differ. But, you can count me as a "No, No, and No!!!!" vote. I have a few reasons: 1: SALT 2: Increasing interest rates 3: Stretched price-to-income ratio makes me think that housing levels here are not sustainable. 4: I tend to avoid investments that have spiked in previo...
by Noobvestor
Wed Aug 22, 2018 3:05 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107063

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

Similarly, for my specific question, Siamonds chart is really all I need as well, albeit it led me to a somewhat different conclusion: His chart says to me that when the US goes negative, international stocks "almost always" get pulled down along with it. So if you believe the US is headed for nega...
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: 1247
Views: 107063

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: 1247
Views: 107063

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: 1247
Views: 107063

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: 1247
Views: 107063

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: 120
Views: 18396

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: 195
Views: 22580

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...