Search found 1843 matches

by Angst
Fri Nov 09, 2018 5:14 am
Forum: Investing - Theory, News & General
Topic: China Still An Emerging Market?
Replies: 24
Views: 2002

Re: China Still An Emerging Market?

Excellent document! Thank you lack_ey, this pdf provides a nice graphical perspective for understanding what's going on in categorizing markets. China remains a long way off from becoming a "Developed Market". (I found zooming in 200% was best way to view it.) Some of the MSCI docs were posted above...
by Angst
Mon Nov 05, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: Duration matching with TIPS funds instead of buying individual TIPs
Replies: 16
Views: 1238

Re: Duration matching with TIPS funds instead of buying individual TIPs

My objective is to use TIPS in order to provide a given dollar amount in real (inflation adjusted) dollars in 10 years. I could simply purchase a TIP in that amount maturing in 10 years but the problem with that is that the return from TIP assumes that the interest thrown off is re-invested in the ...
by Angst
Thu Oct 25, 2018 5:10 pm
Forum: Investing - Theory, News & General
Topic: Is VTIAX/FTIPX now catching a falling knife?
Replies: 14
Views: 1639

Re: Is VTIAX/FTIPX now catching a falling knife?

And how do the smug "I max 401k by April, because I just can't wait another 8 months to dca" types feel, now that Total US stock is flat for 2018, and Total Intl stock (VTIAX/FTIPX) has lost over 3% ytd 2018? (And one would be better off dca-ing over 2018). I see it as a chance to keep slipping $1k...
by Angst
Fri Oct 19, 2018 8:25 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 3990

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

Indeed! According to yesterday's auction results PDF file , buyers paid $94.24 to have 100 of today's (actually 10/31/2018) dollars at maturity in 29+1/3 years. If the TIPS had a 0% coupon instead of 1%, at the same 1.235% yield to maturity, the price would have been only $69.76 (100 / 1.01235 ^ 29...
by Angst
Thu Oct 18, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 3990

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

Auction yield was 1.235% which I think is about 2.5 bps higher than where the secondary was trading just before auction. I.e. the auction”tailed” massively I.e. the market hates long term tips right now. I deployed all the spare cash I could. Wish I had bought more. grok, always interested to read ...
by Angst
Wed Oct 17, 2018 7:04 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 3990

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

It's looking like you might get you wish grok. The Treasury yield curve for today ended up at 1.21%
I'm pleased. :happy
by Angst
Wed Oct 17, 2018 11:27 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Prepare For The Bear
Replies: 74
Views: 9985

Re: Larry Swedroe: Prepare For The Bear

I don't get this criticism. Those of us raised in a religious environment are pretty familiar with the Bible and there are many common expressions in our language that come from the Bible, particularly the King James Version. The Bible gets quoted or at least alluded to quite often in spoken or wri...
by Angst
Tue Oct 16, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: 8-week t-bill debuts tomorrow 10/16
Replies: 6
Views: 1669

Re: 8-week t-bill debuts tomorrow 10/16

Well, what do you know. I just noticed this while looking at today's yield curve. It shouldn't affect me, but for anyone who's taken up rolling their own personal Treasury MM Fund I suppose things just got a bit easier.
by Angst
Mon Oct 15, 2018 6:15 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 3990

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

I’m being tempted by the 5 year at 1%. Inflation protection for the final years of self-funding all living expenses. Buy @ 62, 63 and 64 for spending at ages 67, 68 and 69. Makes sense to me. :) I'm also thinking that the fixed rate on I Bonds will likely move up in November from the 0.3% it's at p...
by Angst
Mon Oct 15, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 319
Views: 47627

Re: New HSA provider Lively offers investments for $30/yr fee

Here is a good site to compare HSA's: https://thehsareportcard.com . I'll be rolling over my wife and my HSA's to Avidia Bank. They waive the $2.50/Mo investment fee if the avg monthly balance is greater than $3,000, so I should have no fees at all. A bit weak on investment options, but having VFIA...
by Angst
Mon Oct 15, 2018 2:19 pm
Forum: Personal Consumer Issues
Topic: Cancun?
Replies: 1
Views: 294

Re: Cancun?

Are you aware of this currently active thread?

viewtopic.php?f=11&t=261313

If not, you might want to post there. Buenas suerte, I know nothing about Cancun!
by Angst
Mon Oct 15, 2018 2:01 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 3990

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

I find it amusing and somewhat alarming that people think that interest rates in the U.S. are destined to rise back up to some certain rate. I'm sure that many Japanese investors felt the same way 20 years ago. Agree. I think it’s a well documented behavioral bias known as anchoring. To be fair, it...
by Angst
Sun Oct 14, 2018 5:17 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 3990

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

Hi grok, I'm in too, as usual. Just filling out this year's rung on the ladder, building my little LMP. It's been entertaining to follow rates over the last few weeks; especially the slope. And that little equity burp last week wasn't too much of a surprise in that context, seems to me. I suppose ra...
by Angst
Sat Oct 13, 2018 6:28 am
Forum: Personal Consumer Issues
Topic: Tips for staying active / injury-free into older age
Replies: 162
Views: 14555

Re: Tips for staying active / injury-free into older age

I'd guess that roughly 1/3 of the ever-changing population of orthopedic surgery patients that I interact with have had fractures related to falls. Common denominators include the following: (Note that although the following items might seem just for people who are beyond "staying active", I assure...
by Angst
Fri Oct 12, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: Does Fidelity offer the best index products for a passive investor compared to Vanguard
Replies: 61
Views: 5834

Re: Does Fidelity offer the best index products for a passive investor compared to Vanguard

I wasn't talking in terms of performance. I fully expect the two to be nearly indistinguishable. By the "clear choice" I meant from the perspective of a non-boglehead/a young person opening an IRA for the first time. The zero minimum is huge. More impactful than the zero ER to me. I will continue t...
by Angst
Fri Oct 12, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: Does Fidelity offer the best index products for a passive investor compared to Vanguard
Replies: 61
Views: 5834

Re: Does Fidelity offer the best index products for a passive investor compared to Vanguard

I've been an immense fan of Vanguard not only because of low ERs, but because of their lack of LTCG distributions. However, if I was a millennial with zero saved towards my retirement and now I have the ability to get in on the ground floor with zero minimum balance and zero fees, I think Fidelity ...
by Angst
Fri Oct 12, 2018 11:26 am
Forum: Personal Consumer Issues
Topic: Tips for staying active / injury-free into older age
Replies: 162
Views: 14555

Re: Tips for staying active / injury-free into older age

I'd guess that roughly 1/3 of the ever-changing population of orthopedic surgery patients that I interact with have had fractures related to falls. Common denominators include the following: (Note that although the following items might seem just for people who are beyond "staying active", I assure ...
by Angst
Wed Oct 10, 2018 8:55 am
Forum: Investing - Theory, News & General
Topic: Vanguard website problems [Transactions won't go through, 500 error...]
Replies: 101
Views: 4844

Re: Vanguard website today

Me too. All morning I've been unable to access "my retirement plans" to see my 401k account.
Here's the error:

Code: Select all

404 Not Found: Requested route ('pex-secure-overview.app.cf02.vanguard.com') does not exist.
by Angst
Wed Oct 10, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: HSA Bank Investment options
Replies: 4
Views: 284

Re: HSA Bank Investment options

Ignore the DEVENIR option entirely Use the brokerage option instead. You can search in the forum for something like "TD Ameritrade HSAbank" to find numerous threads discussing how people use them for their HSA accounts. As a starting point, the forum's Wiki site also covers it: https://www.boglehead...
by Angst
Tue Oct 09, 2018 6:00 pm
Forum: Investing - Theory, News & General
Topic: Emerging Market Bond Funds
Replies: 47
Views: 2901

Re: Emerging Market Bond Funds

I did open a position in VEGBX (Vanguard Emerging Market Bond Admiral Shares), Vanguard's active EM bond fund, when it went live last December. Despite the fact that emerging market equities have tanked over that period, VEGBX has not. It is actually my best-performing bond fund over that period. (...
by Angst
Tue Oct 09, 2018 1:57 pm
Forum: Investing - Theory, News & General
Topic: Emerging Market Bond Funds
Replies: 47
Views: 2901

Re: Emerging Market Bond Funds

I remember in years past when the virtues and pitfalls of investing in newly indexed EM Equity funds were first being discussed, a common complaint was how some of the equity, and some of the most desirable EM equity in particular, was often privately held or held by the governments themselves and t...
by Angst
Mon Oct 01, 2018 8:57 am
Forum: Investing - Theory, News & General
Topic: Consistent Yield & Duration to Help Choose TIPS Fund
Replies: 93
Views: 22607

Re: Consistent Yield & Duration to Help Choose TIPS Fund

I have been dutifully building a TIPs ladder of individual securities over the last 5 years by buying individual 10 year TIPS at auctions. Given the shape of the yield curve, I have been thinking about chucking it and putting the whole lot into VTIP. Thoughts? I guess it might depend on why you hav...
by Angst
Mon Oct 01, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Turning 70 1/2 next year 73% in US stocks in Portfolio
Replies: 25
Views: 2803

Re: Turning 70 1/2 next year 73% in US stocks in Portfolio

Invest the money according to your pre-existing IPS. IPS? Your investing plan: https://www.bogleheads.org/wiki/Investment_policy_statement Then you already know where extra money goes because you've thought about your goals and personal situation. Defining clear objectives will determine how you co...
by Angst
Sat Sep 29, 2018 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Buy I-bonds Oct 2018 for EF? If not, what else?
Replies: 7
Views: 1286

Re: Buy I-bonds Oct 2018 for EF? If not, what else?

Personally, I'd wait until the new fixed rate is announced Nov 1st. Right now it's 0.3% but it could go up in November. I'm fairly confident it won't go down and figure it would more likely go up... or stay the same. :) I'd put the $ in a MM fund and buy your I-Bonds at the end of November. It makes...
by Angst
Sat Sep 29, 2018 2:28 pm
Forum: Investing - Theory, News & General
Topic: Consistent Yield & Duration to Help Choose TIPS Fund
Replies: 93
Views: 22607

Re: Consistent Yield & Duration to Help Choose TIPS Fund

thanks i wonder if at some point the real yield of short term tips will be higher than the real yield of long term tips? THat would certainly pose a puzzle for me in terms of my retirement liability matching strategy (in which i am seeking to match retirement spending needs 15-45 years out.) If tha...
by Angst
Wed Sep 19, 2018 11:38 am
Forum: Investing - Theory, News & General
Topic: Are TIPS yields good yet?
Replies: 15
Views: 1528

Re: Are TIPS yields good yet?

5 year at 0.93%, up from 0.79% just two weeks ago. Are these numbers from the government website? Also I'm not sure how the taxes work with TIPS, did you include that? The US Treasury.gov website: https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=rea...
by Angst
Wed Sep 19, 2018 8:23 am
Forum: Investing - Theory, News & General
Topic: Matter/scatter, part 9. Small-cap value and the "ten-fund portfolio."
Replies: 10
Views: 1180

Re: Matter/scatter, part 9. Small-cap value and the "ten-fund portfolio."

International wasn’t removed from the 10 funder though. It still contains emerging. At 6% or so it shouldn’t make a huge difference, but EM is volatile! Yes, but great work Nisi. Really interesting. My wish would be to do one more comparison: Instead of removing Int'l from the 10-Fund DFA Portfolio...
by Angst
Tue Sep 18, 2018 11:51 am
Forum: Local Chapters and Bogleheads Community
Topic: Jack Bogle Bobblehead
Replies: 24
Views: 2972

Re: Jack Bogle Bobblehead

I'm not sure if this one (below) was ever snapped up... If not, some of the more eager Bobblehead Bogleheads here ought to jointly purchase it and then they could rotate custody. Personally, I'd look forward to seeing the pics of how the various owners honor their visiting hero. Santa, what I want f...
by Angst
Tue Sep 18, 2018 11:01 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Simple Factor Investing
Replies: 46
Views: 4616

Re: Larry Swedroe: Simple Factor Investing

Oh ya, I had forgotten that access to the article was lost. I think Larry contacted the ETF.com people about the issue. Dave Google has a cached version of it here: https://webcache.googleusercontent.com/search?q=cache:M5P_8yIg0m8J:https://www.etf.com/sections/index-investor-corner/swedroe-simple-f...
by Angst
Wed Sep 12, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10293

Re: Argument for taking social security before 70. Comments?

My calculated break even at 66 vs 70 came out to 82 yrs and 68 vs 70 breakeven was 95. So I'll probably cut the difference and retire at 67 :) My suspician is that you need to check your math, unless what you're doing simply escapes me - granted, I have not crunched any of the numbers, but what you...
by Angst
Sat Sep 01, 2018 8:45 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1506
Views: 213080

Re: QSPIX - thoughts on interesting fund

I want to see good data that show what "premia" returns have been historically, and I don't recall having seen that. That is what people should be expecting from QSPIX. I can easily see what stocks have done over history, both on average and in terms of SD. Same with bonds. I supposed I could do th...
by Angst
Fri Aug 31, 2018 11:27 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1506
Views: 213080

Re: QSPIX - thoughts on interesting fund

My expectation from alternatives like QSPIX would be bond like returns [/b] with low correlation to the stock market. When I say "bond like", I remember what you used to get from bonds in the days before the 2008-2009 financial crisis and the new normal, that is 5% to 6%. [Snip...] As has been said...
by Angst
Fri Aug 31, 2018 10:20 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1506
Views: 213080

Re: QSPIX - thoughts on interesting fund

My expectation from alternatives like QSPIX would be bond like returns [/b] with low correlation to the stock market. When I say "bond like", I remember what you used to get from bonds in the days before the 2008-2009 financial crisis and the new normal, that is 5% to 6%. [Snip...] As has been said...
by Angst
Fri Aug 31, 2018 9:35 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3408
Views: 1015108

Re: What Book Are You Currently Reading? Part VI

Thank you VT and Fallible both for your observations. I believe the scope of Katherine Graham's book is huge compared to what "The Post" intended to cover, no fault of the movie, just fact. Graham's book is the movie I'd really love to see. For that matter, Eugene Meyer's life would even outdo Graha...
by Angst
Fri Aug 31, 2018 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Is it time to go shorter in bonds ?
Replies: 109
Views: 8399

Re: Is it time to go shorter in bonds ?

Admiral wrote:
Fri Aug 31, 2018 10:52 am
An IPS (Investment Policy Statement) outlines your asset allocation and your comfort with taking risk.
In the Wiki you can search for IPS and will find this link:
https://www.bogleheads.org/wiki/Investm ... _statement
by Angst
Fri Aug 31, 2018 10:04 am
Forum: Investing - Theory, News & General
Topic: Sneaky ways to get into closed funds (e.g. POAGX in TN 529)
Replies: 32
Views: 2995

Re: Sneaky ways to get into closed funds (e.g. POAGX in TN 529)

If you're looking for DFA funds, I hold the following in a Utah 529 account. They're automatically rebalanced periodically to 25% each: DGEIX DFA Global Equity Portfolio Institutional Class DFIVX DFA International Value Portfolio Institutional Class DFLVX DFA U.S. Large Cap Value Portfolio Instituti...
by Angst
Fri Aug 31, 2018 9:43 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1506
Views: 213080

Re: QSPIX - thoughts on interesting fund

QSPIX uses sophisticated strategies/leverage, both long and short positions, using multiple asset classes. Such a fund is expected to sometimes depart substantially from market beta as it has in this case. That departure can be in both directions, up or down. Taking a position in this fund implies ...
by Angst
Thu Aug 30, 2018 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: What do you know about LPL Financial?
Replies: 26
Views: 2501

Re: What do you know about LPL Financial?

pkcrafter wrote:
Thu Aug 30, 2018 7:05 pm
LPL Financial. Whoa!

https://topratedfirms.com/brokers/custo ... eview.aspx


Paul
Wow! Now that looks like consensus.
by Angst
Thu Aug 30, 2018 9:24 pm
Forum: Investing - Theory, News & General
Topic: Expense ratios and fees - Fidelity and flip flopping advice
Replies: 61
Views: 4423

Re: Expense ratios and fees - Fidelity and flip flopping advice

The truth about what one ought to be considering when weighing choices between very low ER Index funds is already out there. It was out there before the "Zero" funds even arrived, and it's been well-covered in the several different threads that have come up since the Fidelity Zero Funds' introducti...
by Angst
Thu Aug 30, 2018 10:26 am
Forum: Investing - Theory, News & General
Topic: Expense ratios and fees - Fidelity and flip flopping advice
Replies: 61
Views: 4423

Re: Expense ratios and fees - Fidelity and flip flopping advice

What I've learned from reading Bogle's book is that fees are mostly all that matters about a mutual fund (high expense ratios and load fees should always be avoided). And the following things don't matter that much: past performance of a fund (which is is no guarantee of future performance), and 2)...
by Angst
Wed Aug 29, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3408
Views: 1015108

Re: What Book Are You Currently Reading? Part VI

After watching the excellent Steven Spielberg film, The Post , some months ago, I got curious about how close it played to the real events. So I re-read Katharine Graham's book, Personal History , and then the Pentagon Papers section in the book, Ben Bradlee: A Good Life , and thought it was close ...
by Angst
Wed Aug 29, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: HSA - Vanguard Investments; Low Cost
Replies: 16
Views: 1038

Re: HSA - Vanguard Investments; Low Cost

Whichever provider my employer is using. That way I save Medicare Taxes (and social security taxes which is a plus and a minus in some cases). Fortunately, my employers have always used providers that offer low cost index funds directly or thru a self directed plan. Yes, but... this is typically a ...
by Angst
Wed Aug 29, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: HSA - Vanguard Investments; Low Cost
Replies: 16
Views: 1038

Re: HSA - Vanguard Investments; Low Cost

The only thing I would add to what jhfenton and others have already said above, is that almost every Boglehead HSA account holder who has yet to retire has very good reason to make it their goal to pay health expenses out-of-pocket and not from their HSA savings . The HSA account, from a tax standpo...
by Angst
Wed Aug 29, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: Where's the Inflation Hedge for Short-Term TIPS?
Replies: 79
Views: 4737

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

An Introduction to Inflation-Linked Bonds: http://www.lazardnet.com/docs/sp0/6034/AnIntroductionToInflation-LinkedBonds_LazardResearch.pdf This is the key quote: "The yield that is quoted for linkers in trading is not the regular yield to maturity, but instead is stated on a real basis. This real y...
by Angst
Fri Aug 24, 2018 6:10 am
Forum: Investing - Theory, News & General
Topic: Still astonished at how much securities lending covers some Vanguard fund costs
Replies: 17
Views: 1925

Re: Still astonished at how much securities lending covers some Vanguard fund costs

How can you serve up an ETF for securities lending (for example, VBR Vanguard SC Value) when Vanguard is at the same time serving up the underlying securities which comprise that same ETF for securities lending? Why wouldn't I be able to? Are you suggesting that people don't actually own their ETFs...
by Angst
Fri Aug 24, 2018 3:38 am
Forum: Investing - Theory, News & General
Topic: Still astonished at how much securities lending covers some Vanguard fund costs
Replies: 17
Views: 1925

Re: Still astonished at how much securities lending covers some Vanguard fund costs

I think it is easy to underestimate how much money there is in securities lending if you're not actively exposed to it yourself. I've already posted this before in a few threads.... At Interactive Brokers you can take part in securities lending, which means you can get a small feeling for the inter...
by Angst
Wed Aug 22, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: HSA account with the lowest cost: HSA bank or Vanguard?
Replies: 36
Views: 27805

Re: HSA account with the lowest cost: HSA bank or Vanguard?

Just shopping around for less fee'd as BOA is a $4.50 monthly fee. Vanguard is recommending below. Since this the last post was so old I'm curious what others are doing now? https://healthsavings.com/vanguard/funds/ • Administrative Fee: $45 per year. Fee deducted from the account balance. (NOTE: I...
by Angst
Tue Aug 21, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Lively HSA: Which TDA fund to invest in?
Replies: 17
Views: 1078

Re: Lively HSA: Which TDA fund to invest in?

But what if you have a $8k unexpected health expense? Liquidate $8k of equity funds in your HSA. Use this $8k to pay for your expense. In your 401k, trade $8k of bonds for equities. or #3 - Liquidate $8k of taxable and let the HSA go on growing tax free. If you have any CG losses to offset against ...
by Angst
Tue Aug 21, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Lively HSA: Which TDA fund to invest in?
Replies: 17
Views: 1078

Re: Lively HSA: Which TDA fund to invest in?

Do you think SPTM makes more sense than a S&P500 or just TSM type of fund? Personally, for just one fund in a Lively HSA, I'd probably pick SPTM, or perhaps one of these others already mentioned by Quercus earlier in the thread. It's not a big deal really, and not a tax issue if you change it somed...
by Angst
Tue Aug 21, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Lively HSA: Which TDA fund to invest in?
Replies: 17
Views: 1078

Re: Lively HSA: Which TDA fund to invest in?

Just maxed out my HSA (I'm a business owner so no worries on losing this) and am getting married in Nov. so I'll be able to add her and more funds. We're young (33, 29) and don't have many medical bills but are fortunate enough that we can pay cash for pretty much any need the HDHP. I've only used ...