Search found 1019 matches

by magneto
Thu May 28, 2020 1:00 pm
Forum: Non-US Investing
Topic: 20-year-old, Investment advice [UK]
Replies: 36
Views: 1463

Re: 20-year-old, Investment advice [UK]

Fellow UK investor here. Concur with VWRL for Stocks core, or if concerned about heavy US weighting then VHYL or something other, to get that weighting down. The standard advice to hedge Bonds back to domestic currency is IMHO debatable for a UK investor. Personally noting long-term trend of GBP v U...
by magneto
Sun May 10, 2020 10:45 am
Forum: Personal Investments
Topic: Why no love for REITs?
Replies: 102
Views: 8753

Re: Why no love for REITs?

Post CV tenant demand seems likely to decline, as may the navs and yields.
As part of a balanced portfolio we grin and bear it.
by magneto
Sun May 10, 2020 10:42 am
Forum: Personal Investments
Topic: Investment Property
Replies: 3
Views: 429

Re: Investment Property

Would it not depend on what rest of investment portfolio looks like ?

While keen on Residential RE as an asset class, the property mentioned does not inspire undue confidence in buyer value analysis.
by magneto
Sat Apr 18, 2020 9:34 am
Forum: Personal Investments
Topic: Is it a good idea to dollar cost average $1,000,000 into stocks and bonds over the next 2 years?
Replies: 26
Views: 2194

Re: Is it a good idea to dollar cost average $1,000,000 into stocks and bonds over the next 2 years?

Assuming there is a written Investment Plan, which outlines a Stocks Target, whether Constant Ratio or Variable (valuation driven) Ratio, then this investor moves steadily towards that target at circa 10% of deviation from target per month. This helps to maintain psychological and system balance thr...
by magneto
Mon Apr 13, 2020 8:51 am
Forum: Personal Investments
Topic: Unhedged Foreign Bond Funds
Replies: 22
Views: 936

Re: Unhedged Foreign Bond Funds

deleted
by magneto
Mon Apr 13, 2020 5:47 am
Forum: Personal Investments
Topic: Unhedged Foreign Bond Funds
Replies: 22
Views: 936

Re: Unhedged Foreign Bond Funds

As a UK investor hold USD denominated Treasuries from time to time, in varying proportions. The GBP/USD currency fluctuations tend to dominate the performance. However quite useful to dip in and out opportunely, as one or the other currencies gets seemingly oversold/overbought. Useful asset class fo...
by magneto
Mon Apr 13, 2020 5:40 am
Forum: Non-US Investing
Topic: UK investor plans to retire in euro zone
Replies: 4
Views: 363

Re: UK investor plans to retire in euro zone

Perhaps try looking thru the extensive iShares Bond ETFs for a Euro or Euro hedged fund that suits.
by magneto
Sun Apr 12, 2020 10:55 am
Forum: Investing - Theory, News & General
Topic: Stock and bond diversification - Swensen quote on "Investment Principles in Practice"
Replies: 18
Views: 1033

Re: Stock and bond diversification - Swensen quote on "Investment Principles in Practice"

From a simplistic view :- Bonds tend to show a -ve correlation (flight to safety) in the short term (cyclical) But tend to show a +ve correlation (inflation/interest rate driven) longer term (secular) This investor is troubled by :- https://www.multpl.com/10-year-treasury-rate and holding ample cash...
by magneto
Thu Apr 09, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: Black (White) Swan Portfolio Insurance ?
Replies: 33
Views: 1796

Re: Black Swan Portfolio Insurance ?

whodidntante wrote:
Thu Apr 02, 2020 11:23 pm
All asset classes with a long history have had 50%+ real drawdowns at some point. I'm more leaning towards a cash volatility buffer and the rest in stocks, bonds not really being worth the extra volatility anymore since the term premium got crushed.
+1
by magneto
Thu Apr 02, 2020 9:25 am
Forum: Investing - Theory, News & General
Topic: Investing in stocks in the current market conditions: how and when would you do it?
Replies: 83
Views: 5805

Re: Investing in stocks in the current market conditions: how and when would you do it?

Assuming there is a written Investment Plan, which outlines a Stocks Target, whether Constant Ratio or (valuation driven) Variable Ratio, then this investor moves steadily towards that target at circa 10% of deviation from target per month. This helps to maintain psychological and system balance thr...
by magneto
Mon Dec 16, 2019 1:40 pm
Forum: Investing - Theory, News & General
Topic: Enhanced AA
Replies: 33
Views: 1995

Re: Assets at risk information?

If Stocks were not hitting all-time highs; would this measure be contemplated?
by magneto
Sun Oct 20, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord Question
Replies: 16
Views: 2426

Re: Landlord Question

A good tenant is golden. I typically do not raise rents for good tenants. The frictional costs of finding a good new tenant are usually at least one months vacancy plus redecorating costs such as paint and possibly new carpet if the old one has been there five or more years, plus real estate agent ...
by magneto
Thu Oct 10, 2019 5:19 am
Forum: Non-US Investing
Topic: New to bonds - trying to understand [UK]
Replies: 13
Views: 1387

Re: New to bonds - trying to understand [UK]

Now my next question: Why invest in bonds in these times of record low interest rates? This is a question that have been grappling with of late. Why buy sub-inflation yields, to guarantee a loss of purchasing power over time ? Is the bond market, esp UK, an accident waiting to happen ? Just because...
by magneto
Thu Sep 26, 2019 10:21 am
Forum: Investing - Theory, News & General
Topic: Buy Low, Sell High... Define High
Replies: 10
Views: 1226

Re: Buy Low, Sell High... Define High

So I am a buy and hold index fund kind of guy. Now I am ready to retire and pretty soon I need to liquidate something in order to support myself. So theoretically what do I do, Sell from the asset that has appreciated the most dollars, Sell from the asset that has appreciated the most percent, Sell...
by magneto
Sun Aug 18, 2019 1:26 pm
Forum: Personal Investments
Topic: Don’t put new money in market right now??
Replies: 59
Views: 8063

Re: Don’t put new money in market right now??

Not to confuse Timing with Pricing. How does CAPE look to the individual investor? www.multpl.com/shiller-pe Is the market demonstrably good value? Does price matter to the individual investor? We are told that "Stocks always go up in the long run"? and "Invest we must"? but "you pays your money and...
by magneto
Thu Jul 25, 2019 2:41 pm
Forum: Investing - Theory, News & General
Topic: Why do people believe stocks / bonds are not correlated?
Replies: 33
Views: 2683

Re: Why do people believe stocks / bonds are not correlated?

There is a school of thought that expects that in a secular bull Stocks and Bonds will tend to rise together (+ve correlation), while in a secular bear Stocks and Bonds will tend to fall together (+ve correlation). This is not what we have come to expect as since 1982 we have witnessed the safety of...
by magneto
Sun Jul 14, 2019 4:29 pm
Forum: Non-US Investing
Topic: UK bias in VG LifeStrategy and Retirement funds (UK)
Replies: 13
Views: 1189

Re: UK bias in LifeStrategy and Retirement funds

For the UK investor - looking at the make up of the various VG LifeStrategy and Retirement funds, the equity proportion of these funds is approx 20% UK. VG FTSE global all cap fund has approx 5% UK, which seems more sensible. Also the VG FTSE all World and Developed world ETF have 5 or 6 % UK. So t...
by magneto
Sun Jul 14, 2019 1:22 pm
Forum: Investing - Theory, News & General
Topic: Timing the market
Replies: 28
Views: 2429

Re: Timing the market

Ben Graham has this to say in The Intelligent Investor. "Since common stocks, even of investment grade, are subject to recurrent and wide fluctuations in their prices, the intelligent investor should be interested in the possibilities of profiting from these pendulum swings. There are two possible w...
by magneto
Sun Jul 07, 2019 4:52 am
Forum: Investing - Theory, News & General
Topic: Was the great bond bull market just plain bull?
Replies: 47
Views: 5995

Re: Was the great bond bull market just plain bull?

US Bond Investors - rejoice. You may not have seen anything yet - Bond yields across the pond it will be noted are far more dismal. Some investors here in the UK are turning away from domestic to US Bonds, currency hedged or unhedged, to eke out a +ve real yield. This investor not knowing any better...
by magneto
Sun Jun 23, 2019 10:52 am
Forum: Personal Investments
Topic: Rebalancing to Oblivion
Replies: 50
Views: 5053

Re: Rebalancing to Oblivion

Perhaps give more thought to rebalancing technique. Maybe take advantage of TIME as another variable. Some suggest moving only 10% of deviation from target per month. This tends to limit the sucking effect into Stocks in a declining market and is a way of taking note of momentum when it is having an...
by magneto
Tue Jun 18, 2019 8:27 am
Forum: Investing - Theory, News & General
Topic: Stocks/Bond Allocation Based on Buffet Indicator?
Replies: 18
Views: 2038

Re: Stocks/Bond Allocation Based on Buffet Indicator?

Aren't commodities "not an investment" since they have no intrinsic value? Commodities Income While fretting about elevated valuations, not to forget that the Constant Ratio Asset Allocation favoured by most here, would mean holding a lesser number of shares at higher valuations, and the converse. ...
by magneto
Tue Jun 18, 2019 3:27 am
Forum: Investing - Theory, News & General
Topic: Stocks/Bond Allocation Based on Buffet Indicator?
Replies: 18
Views: 2038

Re: Stocks/Bond Allocation Based on Buffet Indicator?

What are these 55% Income generating Alternatives if I may ask? Real Estate (mostly REITs) Commodities Income Renewables Infrastructure This investor being based in UK, choices may differ from those under review. N.B. some regard these Asset Classes as sub-sectors of Stocks, rather than separate As...
by magneto
Tue Jun 18, 2019 3:01 am
Forum: Investing - Theory, News & General
Topic: Stocks/Bond Allocation Based on Buffet Indicator?
Replies: 18
Views: 2038

Re: Stocks/Bond Allocation Based on Buffet Indicator?

Sadly Bonds are equally expensive, so the two falling together as in the last secular bear market pre 82, remains a possibility. Quite how all this might come to pass remains a puzzle. 2. Liquid Portfolio :- 25% Stocks/20% Bonds/55% Income generating Alternatives and Cash The problem I have with yo...
by magneto
Mon Jun 17, 2019 3:21 am
Forum: Investing - Theory, News & General
Topic: Stocks/Bond Allocation Based on Buffet Indicator?
Replies: 18
Views: 2038

Re: Stocks/Bond Allocation Based on Buffet Indicator?

I have two questions regarding all the data I bring here: 1. Is a Stocks/Bonds evaluation based on Buffet indicator logical? 2. What percentage would you currently own of stocks and bonds at the moment?? "Shiller P/E: 29.8 ( %) Shiller P/E is 75.3% higher than the historical mean of 17 1. Probably,...
by magneto
Sun Jun 16, 2019 1:21 pm
Forum: Non-US Investing
Topic: non-equity investing in the UK
Replies: 2
Views: 326

Re: non-equity investing in the UK

I'm putting together an investment portfolio and very comfortable with the equity allocation portion (circa 60%). However, I'm looking for ideas about how to allocate the other 40%. It's quite a large fund and I don't want to pay the % fees HL charge when investing in funds, so a bond-based ETF or ...
by magneto
Sat Jun 15, 2019 3:48 am
Forum: Non-US Investing
Topic: Late developer ..... (UK)
Replies: 37
Views: 3339

Re: Late developer ..... (UK)

Thanks Magneto, Very much so but remember the BH philosophy is essentially based around :- Stocks + Bonds (maybe a touch of Cash) So In your view how could the cash element of the portfolio be allocated? Regards Plantagenet Whichever most convenient locations to safely spread around in, as already ...
by magneto
Fri Jun 14, 2019 2:20 pm
Forum: Investing - Theory, News & General
Topic: Correlation vs. Differential of Asset Returns
Replies: 4
Views: 396

Re: Correlation vs. Differential of Asset Returns

Looks like currency interplays excluded - which the investor will realise
Nevertheless informative.
by magneto
Wed May 29, 2019 10:41 am
Forum: Non-US Investing
Topic: Late developer ..... (UK)
Replies: 37
Views: 3339

Re: Late developer ..... (UK)

Also I’m curious, does anyone else hold any ‘alternative ‘ Investments? Very much so but remember the BH philosophy is essentially based around :- Stocks + Bonds (maybe a touch of Cash) which has proven very successful since the secular bull market (wild cyclical rampages excluded) started 1982. Wh...
by magneto
Fri May 24, 2019 2:26 pm
Forum: Non-US Investing
Topic: UK: VanguardInvestor's F/X margin rate
Replies: 4
Views: 380

Re: UK: VanguardInvestor's F/X margin rate

If so focused on fx charges, maybe look at accumulating funds in the iShares range, such as SWDA.
Tail could be wagging the dog here?
by magneto
Wed May 08, 2019 3:32 pm
Forum: Investing - Theory, News & General
Topic: Is volatility good or bad?
Replies: 45
Views: 2785

Re: Is volatility good or bad?

Assuming the investor has some grasp of intrinsic value or historic valuation ranges, then volatility can be welcomed as a friend, for individual stocks, collectives or for Asset Classes as a whole. The greater difficulty that arises is finding those less volatile or -ve correlated satisfactory coun...
by magneto
Mon May 06, 2019 3:00 pm
Forum: Personal Investments
Topic: Selling in MAY and ....... ?
Replies: 18
Views: 2275

Re: Selling in MAY and ....... ?

It worked last year!
And things are shaping up similar again this year!!
All completely irrational of course !!!
by magneto
Sat Apr 20, 2019 1:31 pm
Forum: Personal Consumer Issues
Topic: Air Purifier for Bedroom?
Replies: 17
Views: 2146

Re: Air Purifier for Bedroom?

As a long-standing victim of allergens, note much of the above is very good advice. Would just add that providing all other obvious measures taken to combat allergens, then an Air Steriliser is the quietest piece of equipment for a bedroom (with no moving parts), and reasonably efficient at destroyi...
by magneto
Wed Mar 27, 2019 1:40 pm
Forum: Non-US Investing
Topic: Non-US Bogleheads who overweight US?
Replies: 23
Views: 2265

Re: Non-US Bogleheads who overweight US?

UK investor here substantially underweight US Stocks.
Seems to be better value in other regions; but of course may well be wrong, with relative earnings growth being the unknown.
by magneto
Tue Mar 26, 2019 2:02 pm
Forum: Investing - Theory, News & General
Topic: How to factor for market crashes to stay "on-track"?
Replies: 44
Views: 2304

Re: How to factor for market crashes to stay "on-track"?

For those who are in the accumulation phase and on-track with retirement savings, will you still be on track when a crash happens in terms of net worth? The net worth is just the figure buyers in the market are prepared to pay for the portfolio on a particular day. No one will rob the investor of t...
by magneto
Mon Mar 25, 2019 2:01 pm
Forum: Investing - Theory, News & General
Topic: Long term treasuries as stock insurance
Replies: 67
Views: 5622

Re: Long term treasuries as stock insurance

Seems unknowable to this investor with the two conflicting inputs :- + Flight to Safety (-ve correlation with Stocks) - Trend of Interest Rates (duration risk) The interplay of these two inputs will determine how Long Term Treasuries perform. The more conservative investor might prefer to confine ri...
by magneto
Tue Feb 19, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: cholesterol lowering butter substitute
Replies: 10
Views: 1479

Re: cholesterol lowering butter substitute

Benecol light spreads fine from fridge, and taste good IMO.
Found far better product to lower cholesterol was Fish Oil if that suits.
by magneto
Thu Feb 07, 2019 11:08 am
Forum: Investing - Theory, News & General
Topic: Rebalance Timing?
Replies: 17
Views: 1192

Re: Rebalance Timing?

A case, albeit borderline could be made for ETFs?
At least the dealing price can be established before hitting the trade confirm button.
by magneto
Tue Jan 29, 2019 5:16 am
Forum: Investing - Theory, News & General
Topic: Another market timing thread (Chart)
Replies: 38
Views: 3045

Re: Another market timing thread (Chart)

That's easy..... Get in, stay in and add as much as you can without fail every payday. As of this year I owned my first stock 50 years ago. But the investor has probably lost their job, and is forced to sell most of their Stocks, if not all, at distressed prices to pay the bills. It may fall on dea...
by magneto
Mon Jan 28, 2019 2:18 pm
Forum: Investing - Theory, News & General
Topic: Another market timing thread (Chart)
Replies: 38
Views: 3045

Re: Another market timing thread (Chart)

That's easy..... Get in, stay in and add as much as you can without fail every payday. As of this year I owned my first stock 50 years ago. But the investor has probably lost his job, and is forced to sell Stocks at distressed prices to pay the bills. What does that mean, exactly? If the investor n...
by magneto
Mon Jan 28, 2019 2:07 pm
Forum: Investing - Theory, News & General
Topic: Another market timing thread (Chart)
Replies: 38
Views: 3045

Re: Another market timing thread (Chart)

That's easy..... Get in, stay in and add as much as you can without fail every payday. As of this year I owned my first stock 50 years ago. But the investor has probably lost their job, and is forced to sell most of their Stocks, if not all, at distressed prices to pay the bills. It may fall on dea...
by magneto
Thu Jan 24, 2019 3:59 pm
Forum: Non-US Investing
Topic: UK Investors - What is your portfolio
Replies: 33
Views: 3575

Re: UK Investors - What is your portfolio

Stocks : 36% (variable ratio) Defensives/Diversifiers : 24% Cash : Balance (temporary situation) For the Stocks :- Global : 33% UK : 18% (usual target 14%, but prices seem relatively beaten down) US : 12% (temporary lowish target, hoping to raise as valuations subside) Other Regions : Balance Good L...
by magneto
Thu Jan 24, 2019 3:47 pm
Forum: Non-US Investing
Topic: Vanguard UK
Replies: 10
Views: 1175

Re: Vanguard UK

Find Vanguard UK ETF trackers useful for certain positions, e.g. :- VWRL : Global Stocks VHYL : Global Stocks Higher Yield VUKE : UK FTSE100 VUSA : S&P500 (where some interest expressed) but presently prefer DJInd (CIND from iShares) iShares ETFs provide even more choice and found particularly usefu...
by magneto
Tue Jan 22, 2019 1:54 pm
Forum: Non-US Investing
Topic: Starting investing as a 21yr student [UK]
Replies: 4
Views: 489

Re: Starting investing as a 21yr student [UK]

There is some logic in the ideas. With most good investment books being of US origin, we are unusually fortunate in having one excellent book for UK investors, Tim Hale's 'Smarter Investing' about sensible portfolio construction. Very much BH compliant. As for your last point, draw up an Investment ...
by magneto
Mon Jan 21, 2019 1:53 pm
Forum: Investing - Theory, News & General
Topic: Dow Jones Index has beaten cap weighting
Replies: 8
Views: 1021

Re: Dow Jones Index has beaten cap weighting

For those who find S&P cap-weighting currently seems to give an over-high tech content, DJI a possibility.
by magneto
Fri Jan 11, 2019 11:29 am
Forum: Investing - Theory, News & General
Topic: What are the disadvantages of taking all risk on equity side?
Replies: 63
Views: 4089

Re: What are the disadvantages of taking all risk on equity side?

One risk that Wm Bernstein talks about in later editions of The Four Pillars, is a repeat of 2008/9 where investors would have needed to take a 'haircut', on those supposedly defensive but not quite so riskless assets, to release monies for Stock purchases to rebalance at the then advantageous prices.
by magneto
Tue Jan 08, 2019 11:44 am
Forum: Investing - Theory, News & General
Topic: Using CAPE to switch between stocks and bonds
Replies: 4
Views: 622

Re: Using CAPE to switch between stocks and bonds

If one is wary of market timing one could decide on a neutral allocation of say 60/40 stocks/bonds and vary that mix between 40/60 and 80/20 depending on the level of CAPE. I wonder if there is a valuation metric for Treasury bonds that has worked. There is a case to be made for Valuation Driven (V...
by magneto
Mon Jan 07, 2019 4:43 am
Forum: Non-US Investing
Topic: UK investor advice - please help!
Replies: 17
Views: 769

Re: UK investor advice - please help!

1. Are there any good resources that explain gilts and how they work? 2. I know that they're tied to inflation, 3. but I literally know nothing else and don't want to put my money into something I don't understand! I then need to work out which ETF to pick once I understand what the underlying conc...
by magneto
Sun Jan 06, 2019 2:50 pm
Forum: Non-US Investing
Topic: UK investor advice - please help!
Replies: 17
Views: 769

Re: UK investor advice - please help!

1. Both portfolios currently are a mixture of individual stock picks and investment trusts (a la The John Baron Portfolios). 2. and boy do I wish I'd have discovered this website 5 years ago! 3. With the money I want to reserve for a house deposit or anything near term (1-5 years), should that be l...
by magneto
Wed Jan 02, 2019 1:50 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: investing Uncomfortably
Replies: 88
Views: 8670

Re: Larry Swedroe: investing Uncomfortably

"(It’s uncertainty that leads one to conclude the prudent strategy is to diversify across as many factors as we can identify that meet all the criteria established.)" Seems we might be back to total market? Although rebalancing to advantage, as with any segmented portfolio, could arise? This current...
by magneto
Wed Jan 02, 2019 5:39 am
Forum: Personal Investments
Topic: dealing with capital loss on bond fund/etf
Replies: 8
Views: 585

Re: dealing with capital loss on bond fund/etf

1. I am hesitant in buying a bond fund/etf due to the inverse relationship between yield and price. I am not happy with a capital loss. Please shed some light. 2. As I am in the UK and Government bond yields are paltry. Would a corporate bond fund be better? 1. You are prudent to be cautious. As me...