Search found 1961 matches

by Angst
Thu Jun 13, 2019 10:02 am
Forum: Investing - Theory, News & General
Topic: Best Vanguard value factor exposure?
Replies: 42
Views: 2644

Re: Best Vanguard value factor exposure?

I get to excited and often exaggerate my claims, but no one can deny that two large value funds track much closer than any two small value funds. It's fact. Track WHAT much closer? If you mean track each other more closely, the only thing that would cause that would be to use improper sampling. If ...
by Angst
Mon Jun 10, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 15349

Re: The logical fallacy behind "Bonds Are For Safety"

vineviz wrote:
Mon Jun 10, 2019 3:49 pm
Angst wrote:
Mon Jun 10, 2019 3:23 pm
I'm sorry, but you lost me with your original post.
And you lost me at this sentence ;)
Ha! It appears then we're both lost, in good company.
:sharebeer
by Angst
Mon Jun 10, 2019 3:23 pm
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 15349

Re: The logical fallacy behind "Bonds Are For Safety"

I'm sorry, but you lost me with your original post. No, I haven't read the entire thread yet, but for someone as quick to criticize others for inaccuracy or a lack of precision as you can occasionally be, you don't appear to me to have started out very strong here: Before presenting the actual defin...
by Angst
Wed May 29, 2019 3:12 pm
Forum: Investing - Theory, News & General
Topic: So I think I'm nearly sold on the S&P Low Volatility indexes for my entire retirement portfolio
Replies: 39
Views: 4807

Re: So I think I'm nearly sold on the S&P Low Volatility indexes for my entire retirement portfolio

Returns ranged from 3.7% against a 2.3% rate decrease to 12.2% against a rate increase of 2.9%. I think that's enough to convince me I don't need to worry about how today's interest rates affect long term treasuries. I'll plan on using them. I don't disagree with your decision to hedge with some LT...
by Angst
Wed May 29, 2019 2:01 pm
Forum: Investing - Theory, News & General
Topic: Global Inflation - Targeted into Submission?
Replies: 22
Views: 1826

Re: Global Inflation - Targeted into Submission?

My intuition suggests it has a lot less to do with international central bank policies than with the globalization of production and the supply chain, and with the aging populations of developed countries and generally declining birthrates worldwide.
by Angst
Wed May 29, 2019 11:35 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Home Country Bias Ubiquitous
Replies: 37
Views: 4471

Re: Larry Swedroe: Home Country Bias Ubiquitous

For those who’d like a serious overview of current home bias research: Home bias in open economy financial macroeconomics (Coeurdacier, Rey 2013) Here are a couple links - paper, slides... https://www.researchgate.net/profile/Helene_Rey/publication/228225651_Home_Bias_in_Open_Economy_Financial_Macr...
by Angst
Wed May 29, 2019 11:18 am
Forum: Personal Consumer Issues
Topic: How to affordably get rid of home pool
Replies: 35
Views: 2464

Re: How to affordably get rid of home pool

Turn it into a backyard pond. Stock a few bluegill, sunfish, some frogs, maybe a snapping turtle or two... plant some cover nearby... sit back and kick your feet up with some cheese & crackers and a G&T and cast that fly rod in there. Heck, you could even go swimming! :)
by Angst
Sat May 25, 2019 6:51 am
Forum: Personal Investments
Topic: Longevity Risk Management
Replies: 5
Views: 639

Re: Longevity Risk Management

My first thought too like stlutz was bobcat2. I think the most basic and sound strategy commonly recommended here is simply planning on delaying taking one's social security until age 70. Of course there are additional things one may consider including SPIA's in the later years.
by Angst
Thu May 23, 2019 2:08 pm
Forum: Investing - Theory, News & General
Topic: Is the housing market starting to collapse?
Replies: 122
Views: 12385

Re: Is the housing market starting to collapse?

On Long Island its a buyer's market in the $1M+ market. That cycle is coming to an end. I know of school districts on the north shore where you couldn't touch a 2 acre yard and house for under $2M. All day you see them at $1M now. And the taxes are $30K a year on those houses. That market is tankin...
by Angst
Thu May 23, 2019 8:49 am
Forum: Personal Investments
Topic: Want to add REITs to portfolio… but how much and which funds?
Replies: 16
Views: 1501

Re: Want to add REITs to portfolio… but how much and which funds?

Yes, I understand the company stock is a significant risk. I will be selling much of it in the coming few years. But -- setting that aside -- what are your thoughts on folding in REITs into the portfolio generally? As I mentioned, I'm interested in doing so for diversification. And also to reduce r...
by Angst
Tue May 21, 2019 5:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs, ranked by diversification benefit
Replies: 66
Views: 4491

Re: Vanguard ETFs, ranked by diversification benefit

Vineviz, I'm disappointed you haven't commented yet on my post (below) from last night. Perhaps it just got past you in the course of things. Sorry, I did indeed overlook this post. So when the market crashes, would I really prefer to have VTI paired 50:50 with one of these equity ETF's having corr...
by Angst
Tue May 21, 2019 1:01 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs, ranked by diversification benefit
Replies: 66
Views: 4491

Re: Vanguard ETFs, ranked by diversification benefit

Bump... Vineviz, I'm disappointed you haven't commented yet on my post (below) from last night. Perhaps it just got past you in the course of things. This really is interesting. I'm not too surprised with the rankings but the utilities and a few others jumped out. I do have some difficulty though un...
by Angst
Tue May 21, 2019 9:37 am
Forum: Personal Investments
Topic: Should I rollover my 401k from old megacorp to new megacorp?
Replies: 36
Views: 1947

Re: Should I rollover my 401k from old megacorp to new megacorp?

Unless either the old or the new 401k accounts offered funds and/or expense ratios that were clearly superior, I would simply roll over the old 401k into a personal, rollover IRA at Fidelity. I prefer to manage my funds myself and not be limited by what is offered through my employer.
by Angst
Tue May 21, 2019 9:01 am
Forum: Investing - Theory, News & General
Topic: ETFs: exact dollar amount
Replies: 12
Views: 973

Re: ETFs: exact dollar amount

I know that some people do their regular, dollar-denominated purchases with Vanguard mutual funds and then periodically convert the balances of those mutual funds to their ETF equivalents.
by Angst
Mon May 20, 2019 7:16 pm
Forum: Investing - Theory, News & General
Topic: Lively HSA: "no activity... acct will be closed..."
Replies: 8
Views: 1004

Re: Lively HSA: "no activity... acct will be closed..."

So it looks like maintaining a positive (pennies) balance in cash would have been enough, although their reply suggests you'd still be OK with a zero balance in fact: Thank you for confirming, this message was sent out to all individuals with no cash balance and no transactions on their HSA. Since y...
by Angst
Mon May 20, 2019 7:07 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs, ranked by diversification benefit
Replies: 66
Views: 4491

Re: Vanguard ETFs, ranked by diversification benefit

This really is interesting. I'm not too surprised with the rankings but the utilities and a few others jumped out. I do have some difficulty though understanding your interpretation of the significance of the graphed results vs. VTI By definition, you've already incorporated both the correlations an...
by Angst
Mon May 20, 2019 4:54 pm
Forum: Investing - Theory, News & General
Topic: Lively HSA: "no activity... acct will be closed..."
Replies: 8
Views: 1004

Re: Lively HSA: "no activity... acct will be closed..."

Is it possible you opened more than one Lively account, somehow? That sounds like a message that would be sent only for zero balance accounts. What the above poster said... or another thought, do you possibly have $0.00 in your cash account? I've had $0.08 in my account for the longest time, with t...
by Angst
Mon May 20, 2019 4:33 pm
Forum: Personal Investments
Topic: International REIT
Replies: 41
Views: 8188

Re: International REIT

Curious as to others' thoughts on international REIT / real estate since we last discussed in this thread. It looks like Vanguard has not dropped the expense ratio of the ETF share class of Vanguard Global ex-U.S. Real Estate Index Fund (VNQI) as compared to the Admiral share class (VGRLX), and the...
by Angst
Mon May 20, 2019 3:58 pm
Forum: Investing - Theory, News & General
Topic: Lively HSA: "no activity... acct will be closed..."
Replies: 8
Views: 1004

Lively HSA: "no activity... acct will be closed..."

Has anyone received an email from Lively like the one I got today? Our records indicate that your Lively account was opened more than 90 days ago but has not had any activity on it. Since there has been no activity on your Lively account, your Lively account will automatically be closed after June 3...
by Angst
Sun May 19, 2019 2:39 pm
Forum: Investing - Theory, News & General
Topic: Factor ETFs For Diversification Or “Diworsification”
Replies: 126
Views: 5983

Re: Diversification

Stock diversification cannot take the place of bond diversification. Clearly true, but also somewhat irrelevant: diversifying between equity and bond holdings isn't mutually exclusive with diversifying within equity and bond holding s. The accuracy of the highlighted portion of your above statement...
by Angst
Fri May 17, 2019 4:20 am
Forum: Personal Investments
Topic: Global vs US REITs
Replies: 4
Views: 784

Re: Global vs US REITs

I can't say what the consensus is (I doubt there is one) but I prefer to roll my own "global RE/REIT" at roughly 50% US, 50% ex-US: I use Vanguard's VNQ and VNQI
by Angst
Fri May 17, 2019 3:37 am
Forum: Personal Investments
Topic: Impact of early semi-retirement on SS when the time comes?
Replies: 15
Views: 1635

Re: Impact of early semi-retirement on SS when the time comes?

This link below is my favorite calculator. Once you've plugged in your numbers you can cook up all sorts of scenarios re your future income and when you might decide to begin collecting SS.

https://socialsecurity.tools/app.html
by Angst
Sat May 11, 2019 7:59 am
Forum: Investing - Theory, News & General
Topic: Charlie Munger_WSJ interview
Replies: 17
Views: 3745

Re: Charlie Munger_WSJ interview

Dang... I've tried all the backdoor, private browsing, cookie deleting tricks I can think of but still can't get past. Have they finally perfected the paywall? Time to go to the library perhaps.
by Angst
Fri May 10, 2019 6:02 pm
Forum: Personal Investments
Topic: Why are intermediate term bonds (VWITX) often recommended on these forums over short term bonds (VWSTX)?
Replies: 24
Views: 2476

Re: Why are intermediate term bonds (VWITX) often recommended on these forums over short term bonds (VWSTX)?

Is that additional .4% yield really worth the 5+ yr interest rate risk? Or am I thinking about this wrong? In other words, why would anyone invest in intermediate term bonds instead of short term bonds with these current yields? I think that one common misperception about bond risk might be underly...
by Angst
Fri May 10, 2019 2:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Wellington and Wellsley over the last 20 years
Replies: 60
Views: 6827

Re: Vanguard Wellington and Wellsley over the last 20 years

i can't imagine being alive at a time when I could buy US Tbonds paying nearly 20%. Absolute insanity. Far FAR crazier than the low rates we have now. I think to myself, if I were alive back then, I'd have invested everything I had in those Tbonds. But now, with government bonds globally paying nex...
by Angst
Fri May 10, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: Recycling Different Plastics
Replies: 63
Views: 3332

Re: Recycling Different Plastics

Many things "can" be recycled, but that doesn't mean they belong in "single-stream" recycling bins: Plastic bags of any kind and styrofoam are typically NOT recycled in single-stream systems because they mess up the process of separating recyclables in the single-stream. Unfortunately, people routi...
by Angst
Fri May 10, 2019 9:02 am
Forum: Personal Consumer Issues
Topic: Recycling Different Plastics
Replies: 63
Views: 3332

Re: Recycling Different Plastics

Many things "can" be recycled, but that doesn't mean they belong in "single-stream" recycling bins: Plastic bags of any kind and styrofoam are typically NOT recycled in single-stream systems because they mess up the process of separating recyclables in the single-stream. Unfortunately, people routin...
by Angst
Wed May 01, 2019 2:27 pm
Forum: Investing - Theory, News & General
Topic: Consensus on I Bonds for 2019?
Replies: 67
Views: 10942

I Bond Fixed rate still 0.50% as of May 1st, 2019

So they didn't lower the fixed rate after all. I'm a little surprised. The press release is here: https://www.treasurydirect.gov/news/pressroom/currentibondratespr.htm Here's the paragraph on I Bonds: I Bond Composite Rate of 1.90% includes a Fixed Rate of 0.50% The composite rate for Series I Savin...
by Angst
Fri Apr 26, 2019 8:34 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Using Valuation Metrics
Replies: 106
Views: 5252

Re: Larry Swedroe: Using Valuation Metrics

The point I was trying to make is that people who think valuations should drive behavior only seem to go in one direction. That is, when valuations are high, we are cautioned to plan for lower returns and save more. But, if that is true then, shouldn't the opposite be true as well? When valuations ...
by Angst
Fri Apr 19, 2019 10:10 am
Forum: Investing - Theory, News & General
Topic: Hedging against hyperinflation scenario
Replies: 47
Views: 3166

Re: Hedging against hyperinflation scenario

US TIPS hedge against US inflation (in a tax exempt account). Also US ibonds. These are a hedge against inflation, but begin to fail under Venezuelan levels of inflation. Yep, TIPS don't work very well in that kind of situation. (Plus you have to wonder if an government under that kind of strain wo...
by Angst
Wed Apr 17, 2019 3:23 pm
Forum: Investing - Theory, News & General
Topic: Five Year TIPs Auction
Replies: 3
Views: 411

Re: Five Year TIPs Auction

jjunk wrote:
Wed Apr 17, 2019 1:29 pm
TIPS Watch did a good write up of the offering here: https://seekingalpha.com/article/425434 ... acceptable
↑ +1
It's a good article. I'll be buying my I Bonds at the end of April. The 5-TIPS aren't bad, but I'd take the I Bonds first.
by Angst
Fri Apr 05, 2019 8:17 pm
Forum: Investing - Theory, News & General
Topic: Why have Stoneridge Reinsurance failed to have "equity like returns"?
Replies: 37
Views: 2696

Re: Why have Stoneridge Reinsurance failed to have "equity like returns"?

I like the concept but IMO Stoneridge is an expensive way to get exposure. +1 Especially since they won't sell their funds to retail investors. I'm not going to pay an advisor just to put me in advisor-only funds. That said, I don't see any evidence that they aren't providing equity-like returns. T...
by Angst
Fri Apr 05, 2019 7:31 pm
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 8640

Re: The "dividend preference anomaly"

Article describing investor preference for dividend stocks as an "anomaly." This is also Larry Swedroe's view. A good many retirees seem to be enamored with the "Spend Interest and Dividends Only" strategy for spending down their retirement savings. The foundation of this strategy is a preference f...
by Angst
Fri Apr 05, 2019 4:56 pm
Forum: Personal Investments
Topic: How to transfer from Janus to Fidelity without paying capital gains?
Replies: 24
Views: 1495

Re: How to transfer from Janus to Fidelity without paying capital gains?

For married filing jointly income under $78,750 the tax rate on long term capital gains is zero. 0%. For income from $78,750 to a whole lot more, the rate is 15%. Suggest you do a draft of your 2019 tax return using the software of your choice (however you just did your 2018 return) and plug in the...
by Angst
Fri Apr 05, 2019 4:18 pm
Forum: Personal Investments
Topic: How to transfer from Janus to Fidelity without paying capital gains?
Replies: 24
Views: 1495

Re: How to transfer from Janus to Fidelity without paying capital gains?

Currently it is under my name with my dad as the custodian. It still states me as the minor. I am currently in the process of changing it over just to my name. I don't know tax law re this scenario, but as such, if I were in your situation I'd want to know if there's any way of taking advantage of ...
by Angst
Fri Apr 05, 2019 3:54 pm
Forum: Personal Investments
Topic: How to transfer from Janus to Fidelity without paying capital gains?
Replies: 24
Views: 1495

Re: How to transfer from Janus to Fidelity without paying capital gains?

How is it registered? Your name, your father's name? UGMA... Your post isn't explicit. Currently it is under my name with my dad as the custodian. It still states me as the minor. I am currently in the process of changing it over just to my name. I don't know tax law re this scenario, but as such, ...
by Angst
Fri Apr 05, 2019 2:52 pm
Forum: Personal Investments
Topic: How to transfer from Janus to Fidelity without paying capital gains?
Replies: 24
Views: 1495

Re: How to transfer from Janus to Fidelity without paying capital gains?

How is it registered? Your name, your father's name? UGMA...
Your post isn't explicit.
by Angst
Fri Apr 05, 2019 2:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 148
Views: 13381

Re: Vanguard Announces Plans to Launch Commodities Fund

I agree, and I note with disappointment how quickly Larry will respond in defense of Stone Ridge cat-bonds investments, but all's quiet on the commodities front.
by Angst
Fri Apr 05, 2019 11:28 am
Forum: Investing - Theory, News & General
Topic: FIDO Zero Funds losing to Vanguard?
Replies: 58
Views: 6817

Re: FIDO Zero Funds losing to Vanguard?

[Snip...] Well it really depends on how you're looking at this. Nobody last year was discussing leaving Vanguard's US or Int'l TSM funds for those superior in-house indexes they'd be getting instead at Fidelity ; it was only for for the lower ER's, plain and simple . For all intensive purposes, the...
by Angst
Fri Apr 05, 2019 10:49 am
Forum: Investing - Theory, News & General
Topic: FIDO Zero Funds losing to Vanguard?
Replies: 58
Views: 6817

Re: FIDO Zero Funds losing to Vanguard?

The most important thing that one can learn from this discussion is which of the following is correct :P (I have provided some clues). For all intensive purposes... :( For all intents and purposes... :happy Hey! Thanks JS. I think I've been called out on that before - I'm an old dog and a slow lear...
by Angst
Thu Apr 04, 2019 2:44 pm
Forum: Investing - Theory, News & General
Topic: FIDO Zero Funds losing to Vanguard?
Replies: 58
Views: 6817

Re: FIDO Zero Funds losing to Vanguard?

So is it possible the Zero funds are producing inferior returns compared to Vanguard? Nope - they are not. They are following different indexes so you are going to get different returns. You have found a time frame where one index has preformed differently than another - which is not that surprisin...
by Angst
Thu Apr 04, 2019 11:08 am
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 148
Views: 13381

Re: Vanguard Announces Plans to Launch Commodities Fund

Choice is good. Diversification is even better. Low(er) cost also a good thing. Yes I think it's a good thing too, and I think that anyone who happens to still be following Larry Swedroe's advice from some 10 years ago will likely be pleased as well. Here's a bit more: Actively managed by Vanguard'...
by Angst
Thu Apr 04, 2019 9:08 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Performance Of State Pension Plans
Replies: 46
Views: 4894

Re: Larry Swedroe: Performance Of State Pension Plans

https://www.mercatus.org/statefiscalrankings This is a great resource for evaluating the fiscal health of various states. Thanks for the link. Pretty interesting. I knew Florida had started addressing pension issues, looks like my state is in decent shape. Of course all it takes is one session of t...
by Angst
Tue Apr 02, 2019 9:08 pm
Forum: Personal Investments
Topic: 2019 TIPS Auction Schedule Changes
Replies: 5
Views: 410

Re: 2019 TIPS Auction Schedule Changes

Ok, thank you #cruncher. That sounds a little more reasonable. Sensible too from my thinking. I prefer to use the auctions and re-openings, not that there's anything wrong with the secondary markets, but I just appreciate the "passiveness" of a re-opening or an auction vs. having to contest with the...
by Angst
Tue Apr 02, 2019 7:43 pm
Forum: Personal Investments
Topic: 2019 TIPS Auction Schedule Changes
Replies: 5
Views: 410

Re: 2019 TIPS Auction Schedule Changes

Wow... that got by me. Thank you for the alert. I guess I'll be looking more into the secondary market this year! And I need to read more to understand the "why" of all of this. This is a big change, eh?!
by Angst
Fri Mar 29, 2019 10:50 pm
Forum: Personal Investments
Topic: Would you keep or sell EE bonds?
Replies: 9
Views: 762

Re: Would you keep or sell EE bonds?

Before you sell anything, just be sure you understand how the value of an EE Bond increases as it ages towards maturity. At least in terms of yield to maturity, it goes up at an escalating rate. Here's a post from another thread that includes a 20-year chart of YTM for EE Bonds sold since... well, I...
by Angst
Fri Mar 29, 2019 1:24 pm
Forum: Investing - Theory, News & General
Topic: I-bond phase-out strategy
Replies: 9
Views: 1098

Re: I-bond phase-out strategy

If it's not too personal, could you please elaborate on the "various reasons" you're planning to eliminate your I-bond allocation? I'm concerned about macroeconomic changes which may make I-bonds less attractive over time as well. It's the expected low variable rate on top of low fixed rates, the f...
by Angst
Fri Mar 29, 2019 11:03 am
Forum: Investing - Theory, News & General
Topic: I-bond phase-out strategy
Replies: 9
Views: 1098

Re: I-bond phase-out strategy

If you're unaware of #Cruncher's website on I Bonds and TIPS, it's the perfect guide for tracking what combined rates your I Bonds have been (and will be) getting:

http://eyebonds.info/ibonds/home1000.html
by Angst
Thu Mar 28, 2019 2:26 pm
Forum: Personal Consumer Issues
Topic: Shingrix [Vaccine availability]
Replies: 153
Views: 13393

Re: Shingrix [Vaccine availability]

LookinAround wrote:
Thu Mar 28, 2019 1:44 pm
  • Use the Locator website. It's updated once a week. It has worked for me an others to quickly locate where it's in stock
Does anybody happen to know when during the week it's updated?