Search found 411 matches

by tarheel
Wed Oct 28, 2020 8:24 am
Forum: Investing - Theory, News & General
Topic: Why You Shouldn't Max Out Your 401(k) Article
Replies: 106
Views: 11315

Re: Why You Shouldn't Max Out Your 401(k) Article

The author also assumes no tax code changes for 40 years, while within the same article arguing that tax rates will likely need to increase. Also, at the end of 40 years, your money would be in the Roth vs. taxable. So throughout retirement (20, 30 years?), you'll continue to pay additional tax on ...
by tarheel
Wed Oct 28, 2020 8:15 am
Forum: Investing - Theory, News & General
Topic: Why You Shouldn't Max Out Your 401(k) Article
Replies: 106
Views: 11315

Re: Why You Shouldn't Max Out Your 401(k) Article

The author also assumes no tax code changes for 40 years, while within the same article arguing that tax rates will likely need to increase. Also, at the end of 40 years, your money would be in the Roth vs. taxable. So throughout retirement (20, 30 years?), you'll continue to pay additional tax on ...
by tarheel
Wed Oct 28, 2020 7:58 am
Forum: Investing - Theory, News & General
Topic: Why You Shouldn't Max Out Your 401(k) Article
Replies: 106
Views: 11315

Why You Shouldn't Max Out Your 401(k) Article

Hi Bogleheads, There was an interesting article I found through Barry Ritholtz's blog today entitled, "Why You Shouldn't Max Out Your 401(k)". https://ofdollarsanddata.com/should-i-max-out-my-401k/ The author does the math assuming a long term capital gains rate of 15%, and finds that afte...
by tarheel
Sun Sep 20, 2020 10:09 am
Forum: Investing - Theory, News & General
Topic: AQR still singing the same song
Replies: 121
Views: 10377

Re: AQR still singing the same song

Thanks Robert T. This is actually close to how I allocate. Like Ketawa, my entire allocation is in AQR funds apart from 401k restrictions (the rest is with Vanguard). It blows my mind how people breathlessly badmouth AQR on here. I mean, what's the point? If you think you can better deploy your mon...
by tarheel
Sun Sep 20, 2020 9:18 am
Forum: Investing - Theory, News & General
Topic: AQR still singing the same song
Replies: 121
Views: 10377

Re: AQR still singing the same song

It blows my mind how people breathlessly badmouth AQR on here. I mean, what's the point? If you think you can better deploy your money elsewhere, fair enough. If you are making a data-driven argument regarding one of their funds, I'm all ears and love to learn, but posting just to insinuate that Cl...
by tarheel
Sun Sep 20, 2020 8:04 am
Forum: Investing - Theory, News & General
Topic: AQR still singing the same song
Replies: 121
Views: 10377

Re: AQR still singing the same song

Cliff Asness agreed to be my November guest on the Bogleheads on Investing podcast. Bogleheads will be able to ask him intelligent questions that would benefit the community. I will post more next month. Rick Ferri Awesome to hear Rick - and love the podcast by the way, thanks so much for doing it....
by tarheel
Sun Sep 20, 2020 8:03 am
Forum: Investing - Theory, News & General
Topic: AQR still singing the same song
Replies: 121
Views: 10377

Re: AQR still singing the same song

. If I was to invest in AQR funds it would be along the lines of the following (for the equity portion): 25% = AQR Large Cap Multi-Style [QCELX] 25% = AQR Small Cap Multi-Style [QSMLX] 37% = AQR International Multi-Style [QICLX] 13% = AQR Emerging Multi-Style [QEELX] Approximate factor loads: 1.00 ...
by tarheel
Sun Aug 16, 2020 6:47 am
Forum: Personal Consumer Issues
Topic: Chess.com, FICS or something else?
Replies: 12
Views: 1289

Re: Chess.com, FICS or something else?

What are people's favorite places for tutorials? I was using Chessmaster 9000 but now that my Mac is upgraded I can't use the program anymore. Thanks!
by tarheel
Tue Jul 28, 2020 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8037
Views: 560590

Re: Refinance Mega Thread

I talked to Loan Depot and they are offering a competitive rate and closing costs, and 60 day lock, but just over the phone. Apparently I have to "sign some things" before getting the discount in writing (a Loan Estimate) to prevent shopping around. Has this been other people's experience...
by tarheel
Mon Jul 27, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8037
Views: 560590

Re: Refinance Mega Thread

Yeah, it's also a 30 year fixed and the Appraisal Cost ($495) is included in the section B number. Thanks for confirming that it is a strong deal. I did look at better.com and Loan Depot also which were MUCH worse. I will move forward with the lock! Thanks again Bogleheads, no way I ever would have...
by tarheel
Mon Jul 27, 2020 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1481
Views: 136724

Re: My LenderFi refinance is going well

Got a real nice estimate today (I think!) - 250K mortgage/400K value. I currently have a 3.25% FRM and LenderFi offered a 2.75% with virtually no points ($275) and total A ($275) + B ($696) + C ($1,262) = $2233. Seems like a great deal to me here in NC and will try to move on it. These numbers are ...
by tarheel
Mon Jul 27, 2020 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8037
Views: 560590

Re: Refinance Mega Thread

Yeah, it's also a 30 year fixed and the Appraisal Cost ($495) is included in the section B number. Thanks for confirming that it is a strong deal. I did look at better.com and Loan Depot also which were MUCH worse. I will move forward with the lock! Thanks again Bogleheads, no way I ever would have ...
by tarheel
Mon Jul 27, 2020 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8037
Views: 560590

Re: Refinance Mega Thread

Thank you, BrandonBogle. I wanted to post the screenshot that I have received but it has loan officer's handwriting. So I will skip that. The table is from Loan Cabin, and we know they do not charge a "lender fee." So I am really looking forward to understand what they mean by Closing Cos...
by tarheel
Mon Jul 27, 2020 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1481
Views: 136724

Re: My LenderFi refinance is going well

Got a real nice estimate today (I think!) - 250K mortgage/400K value. I currently have a 3.25% FRM and LenderFi offered a 2.75% with virtually no points ($275) and total A ($275) + B ($696) + C ($1,262) = $2233. Seems like a great deal to me here in NC and will try to move on it. These numbers are W...
by tarheel
Mon Jul 27, 2020 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8037
Views: 560590

Re: Refinance Mega Thread

Thank you, BrandonBogle. I wanted to post the screenshot that I have received but it has loan officer's handwriting. So I will skip that. The table is from Loan Cabin, and we know they do not charge a "lender fee." So I am really looking forward to understand what they mean by Closing Cos...
by tarheel
Sat Jul 18, 2020 11:16 am
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31465

Re: What surprised you the most once you retired?

I think for many professors it’s not a matter of not knowing what to do, but a matter of not knowing what would be better to do. At 69, I actually still like 85% of my job. Covid creates some problems for me, and my university’s location isn’t ideal for family connections, but I might have worked i...
by tarheel
Sat Jul 18, 2020 9:59 am
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31465

Re: What surprised you the most once you retired?

Lots of people like their work because it is multidimensional and fits their values and worldview. Working past retirement age and/or 25X isn't necessarily a pathology. I understand bad, draining, controlling jobs. In fact, I never kept a full time job for a full year until I became a professor. Wo...
by tarheel
Sat Jul 18, 2020 6:00 am
Forum: Personal Investments
Topic: Emerging Markets Allocation
Replies: 25
Views: 1796

Re: Emerging Markets Allocation

Anyone else want to chime in? I never knew that there was such a difference between EM world market cap (around 25%) and free-float shares which is much lower - somewhere in the 10-12% range (thanks Steve Reading). If you want to allocation in proportion to market cap like many of us do, shouldn't f...
by tarheel
Mon Jul 13, 2020 5:30 pm
Forum: Personal Investments
Topic: Emerging Markets Allocation
Replies: 25
Views: 1796

Re: Emerging Markets Allocation

You'll hear lots of widely-varied opinions. We do overweight emerging markets. I use nice round numbers: 50% US, 25% developed ex-US, 25% emerging. Whatever you decide, stick with it, and be disciplined about rebalancing. We've had a separate emerging markets allocation since 1998—although not at 2...
by tarheel
Sun Jul 12, 2020 9:52 am
Forum: Investing - Theory, News & General
Topic: Are Roth IRAs “Pay taxes once and never again” really best?”
Replies: 131
Views: 11104

Re: Are Roth IRAs “Pay taxes once and never again” really best?”

Then I, and a whole bunch of us are morons I guess. I wonder at some level how much these threads actually just make people new to Bogleheads throw their hands up in the air and think it's too confusing and not contribute to anything. There are many reasonable ways to do this guys. For those that wo...
by tarheel
Tue Jul 07, 2020 8:02 am
Forum: Investing - Theory, News & General
Topic: Why [was] QSPIX steadily declining?
Replies: 172
Views: 19321

Re: Why [was] QSPIX steadily declining?

Not sure why this fund is even discussed. From inception 10/13/2013 a $10K investment is now worth $9088.26 vs. $20,717.34 if the same money had gone into the S&P 500 (VFIAX). It seems apparent to me some people made big money from this fund, unfortunately that did not include the investors. Th...
by tarheel
Sun Jul 05, 2020 12:38 pm
Forum: Personal Investments
Topic: Roth 401K or Trad 401K
Replies: 19
Views: 1032

Re: Roth 401K or Trad 401K

I have a somewhat similar life situation and am a fellow Tarheel. I have read most of all of the threads and information on the site regarding this issue, and have decided to target 2:1 Traditional:Roth. The reasons are: 1. I can max things out. Using Roth allows me to sock away more. 2. I want to h...
by tarheel
Sun Jul 05, 2020 12:29 pm
Forum: Investing - Theory, News & General
Topic: Why [was] QSPIX steadily declining?
Replies: 172
Views: 19321

Re: Why [was] QSPIX steadily declining?

No question the fund has hit a rough patch, but it all depends on what your timeframe is and if you understand what you're investing in. Those of us with a reasonable allocation to QSPIX (I'm at 7.5%) are usually factor investing lifers who appreciate what the fund aims to do. It is now at what must...
by tarheel
Sun Jun 14, 2020 6:19 am
Forum: Investing - Theory, News & General
Topic: The “Abandon Bonds” strategy
Replies: 259
Views: 28187

Re: The “Abandon Bonds” strategy

There are many reasons not to "abandon bonds" in a low interest rate environment that have mentioned in the thread already - the benefits of diversification, dry powder, etc. You simply can't look at your portfolio components in isolation. However the real question I have is, isn't this th...
by tarheel
Mon Mar 23, 2020 5:26 am
Forum: Personal Finance (Not Investing)
Topic: Can I contribute until July 15th too?
Replies: 9
Views: 1070

Re: Can I contribute until July 15th too?

Good question - I was wondering about this too.
by tarheel
Fri Mar 13, 2020 9:16 am
Forum: Investing - Theory, News & General
Topic: Why are bonds falling?
Replies: 236
Views: 6243

Re: Total Bond Market Down >4%

Super helpful column. Thanks.

My only question then is the ETF/fund gap typically larger in bonds than equities? It would seem so - appears this is why people are saying avoid bond ETFs.
by tarheel
Thu Mar 12, 2020 8:25 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Market Down >4%
Replies: 49
Views: 9094

Re: Total Bond Market Down >4%

I did a fairly large rebalance of VBTIX into equities today, and then quick checked the ETF during trading hours and saw that BND was down 5% and was sort of dissapointed, but wasn't going to cancel the trades. Then just like the rest of you saw that VBTIX was only down 0.96% for the day. Yay. Like ...
by tarheel
Sun Jan 19, 2020 4:37 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1753
Views: 268996

Re: QSPIX - thoughts on interesting fund

Basically we are hearing a lot of gobbledygook to explain the simple fact that when you bet against the market you get your head handed over to you. It's just that simple. Some people always think they are smarter than the market, including even those who claim to be passive, think they have a bett...
by tarheel
Sun Jan 19, 2020 6:52 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1753
Views: 268996

Re: QSPIX - thoughts on interesting fund

To try to be helpful. This action IMO is just another classic example of the mistakes of both resulting and recency, chasing performance. The fund is doing exactly what it is supposed to be doing and has done poorly recently basically because value (across all asset classes, but mostly equities) ha...
by tarheel
Sun Jan 12, 2020 8:51 pm
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 66
Views: 8259

Re: AQR Cuts Staff After a Bad Year (39 out of 41 funds down)

I'm confused. Looking at Fidelity's website, it appears more than 2 funds were up in the past 12 months. (Note: counting various share classes as one fund.) https://fundresearch.fidelity.com/fund-screener/results/table/overview/averageAnnualReturnsYear1/desc/1?fundFamily=0C000021ZL&order=fundFa...
by tarheel
Sun Jan 12, 2020 7:16 am
Forum: Personal Investments
Topic: Jettison QSPIX?
Replies: 68
Views: 5185

Re: Jettison QSPIX?

I'm following this and the other thread (39/41 funds down) from the sidelines, don't own any AQR. Hard to imagine these funds can't perform well under different circumstances. If different circumstances are around the corner, you'll be selling right before you need it? Tough spot to be in. Good luc...
by tarheel
Fri Jan 10, 2020 6:12 am
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 66
Views: 8259

Re: AQR Cuts Staff After a Bad Year (39 out of 41 funds down)

Bumping after another new round of layoffs to start 2020!

While I stick to my AQR multifactor funds (and QSPIX/QMHIX) "like grim death" as Cliff would say, I'd be lying if I said this didn't bother me some.
by tarheel
Mon Dec 16, 2019 8:51 am
Forum: Personal Investments
Topic: Jettison QSPIX?
Replies: 68
Views: 5185

Re: Jettison QSPIX?

Factor premia have been subpar for the last five or so years, so it is not surprising QSPIX has underperformed. If poor performance of QSPIX over a five year period is something that would concern you, you probably shouldn't own the fund in the first place. So if factor returns explains the perform...
by tarheel
Mon Dec 16, 2019 8:48 am
Forum: Personal Investments
Topic: Jettison QSPIX?
Replies: 68
Views: 5185

Re: Jettison QSPIX?

They claimed they would make money all the time. By investing long and short, the Fund seeks to be market neutral with low correlation to equity and bond markets, and aims to provide positive absolute returns in both rising and falling markets. Positive absolute returns in ALL markets. Key word: &q...
by tarheel
Sun Dec 15, 2019 8:33 pm
Forum: Personal Investments
Topic: Jettison QSPIX?
Replies: 68
Views: 5185

Re: Jettison QSPIX?

Factor premia have been subpar for the last five or so years, so it is not surprising QSPIX has underperformed.

If poor performance of QSPIX over a five year period is something that would concern you, you probably shouldn't own the fund in the first place.
by tarheel
Wed Nov 06, 2019 8:28 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1753
Views: 268996

Re: QSPIX - thoughts on interesting fund

Things aren't looking too good for the Liquid Alts. American Century Investments will be closing two of its four Liquid Alternative funds in January 2020 and an Equity 130 long/30 short fund will also close but in December 2019. Just looked at the performance numbers for AQR Style Premia I fund and...
by tarheel
Sun Nov 03, 2019 5:28 am
Forum: Personal Consumer Issues
Topic: Alternative to Spectrum Cable Internet
Replies: 24
Views: 1748

Re: Alternative to Spectrum Cable Internet

Whether there are reasonable alternatives vary a lot by area. Where I live Spectrum is the only provider of residential high-speed internet, so if you're in a similar situation then you don't really have a choice. However, I have gotten better pricing by simply canceling and signing up as a new cus...
by tarheel
Sat Aug 10, 2019 7:07 am
Forum: Personal Investments
Topic: Human capital and asset allocation?
Replies: 28
Views: 1192

Re: Human capital and asset allocation?

Same boat as you, I do somewhat consider human capital but also believe in diversification and swan. Thus, at age 39 I am about 75% equity 15% bonds 10% alternative. I know this will be enough to achieve my goals over the 25 years or so remaining in academia. May I ask what you mean by swan? Yes, I...
by tarheel
Sat Aug 10, 2019 6:49 am
Forum: Personal Investments
Topic: Human capital and asset allocation?
Replies: 28
Views: 1192

Re: Human capital and asset allocation?

Same boat as you, I do somewhat consider human capital but also believe in diversification and swan. Thus, at age 39 I am about 75% equity 15% bonds 10% alternative. I know this will be enough to achieve my goals over the 25 years or so remaining in academia.
by tarheel
Thu May 23, 2019 12:49 pm
Forum: Personal Investments
Topic: 401(k)/403(b) Distributions When You Have Both Traditional and Roth Money
Replies: 4
Views: 397

Re: 401(k)/403(b) Distributions When You Have Both Traditional and Roth Money

Right, I understand treating it separately, but my question is say I want to roll my Roth accumulations over to a Roth IRA. Do I have to pick the specific funds I bought with my Roth contributions, or do I pick whatever funds I want?
by tarheel
Thu May 23, 2019 5:40 am
Forum: Personal Investments
Topic: 401(k)/403(b) Distributions When You Have Both Traditional and Roth Money
Replies: 4
Views: 397

401(k)/403(b) Distributions When You Have Both Traditional and Roth Money

I won't be making portfolio distributions for a long time, but was curious about the mechanics of how things will work when I do. I have a 403(b) account which has a mix of both traditional and Roth contributions. It's currently about 2:1 traditional:Roth. (I believe in tax diversification). When I ...
by tarheel
Sun Jan 20, 2019 2:40 pm
Forum: Personal Investments
Topic: Jettison QSPIX?
Replies: 68
Views: 5185

Re: Jettison QSPIX?

Couple of things - with fee waivers and reimbursements the ER is 1.61% for QSPIX. I have owned QSPIX for a few years at 7.5% allocation in my portfolio. I look at it as a 3rd dimension of returns, nearly uncorrelated to stocks or bonds. I am up overall with my position, although was up significantly...
by tarheel
Sun Jan 20, 2019 9:35 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 62311

Re: John Bogle has died at age 89

The amount of good that Mr. Bogle has done for the world is staggering and hard to comprehend. His legacy will live on.

Thank you Mr. Bogle.
by tarheel
Tue Jan 08, 2019 11:54 am
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 144
Views: 14771

Re: What do you think are (some of) the best states to live in?

You don't want North Carolina. And definitely not Raleigh-Durham. Anywhere but here. Way overcrowded. And August is unbearable. I don't know how we've survived the 45 years since college. :D I'm remember my first trip to Austin. I rented a car, and driving to the hotel I saw a bumper sticker "...
by tarheel
Thu Nov 15, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Momentum Distinctions
Replies: 29
Views: 2093

Re: Larry Swedroe: Momentum Distinctions

[OT quotation and response removed -- moderator triceratop Dave, I read the ETF.com column this morning and I knew you would have started this thread and I appreciate it. I also invest in QMHIX, and while I understand the takeaway (CS and TS momentum are not as distinct as previously thought), I ha...
by tarheel
Mon Nov 12, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: AQR fund family's performance relative to its benchmarks
Replies: 36
Views: 3814

Re: AQR fund family's performance versus its benchmarks

Nisi, thanks for taking the time, very interesting. As an AQR investor, my take is that things actually look pretty good. As far as equities, I have significant allocations to QSMLX (-0.39%), QCELX (+0.07%), QICLX (-0.79%) and QEELX (-1.18%). This looks about right to me - these multistyle funds all...
by tarheel
Sat Nov 10, 2018 9:16 am
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 172
Views: 15944

Re: A reminder: Stay away from AQR

I will note that the Bloomberg article actually doesn't criticize QMHIX, but I was thinking of another article that did. The OP did post this however: "Not mentioned in the article, but they have a Managed Futures fund, god knows how many billions. It's basically where money goes to die. Down ...
by tarheel
Sat Nov 10, 2018 7:39 am
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 172
Views: 15944

Re: A reminder: Stay away from AQR

I will note that the Bloomberg article actually doesn't criticize QMHIX, but I was thinking of another article that did. The OP did post this however: "Not mentioned in the article, but they have a Managed Futures fund, god knows how many billions. It's basically where money goes to die. Down 2...
by tarheel
Sat Nov 10, 2018 7:34 am
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 172
Views: 15944

Re: A reminder: Stay away from AQR

I will chime in as someone who actually owns quite a few AQR funds, including 7.5% allocations to QSPIX and QMHIX. First of all, the initial criticisms of AQR by the OP and Bloomberg article concerned the managed futures fund (QMHIX). I will start by saying that if you don't understand how the fund ...
by tarheel
Fri Aug 10, 2018 12:02 pm
Forum: Investing - Theory, News & General
Topic: AQR Podcasts - The Curious Investor
Replies: 5
Views: 976

Re: AQR Podcasts - The Curious Investor

Also listened to the first two. I thought they were a little on the beginner side, but well put together. I'll be curious to see how things proceed. They sure do have some great guests lined up.