Search found 1587 matches

by Angst
Fri May 26, 2017 7:34 am
Forum: Investing - Theory, News & General
Topic: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index
Replies: 11
Views: 2044

Re: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index

Thanks for posting triceratop. The discussion has been interesting although I see nothing particularly actionable for me here. I've no interest in trying to play this market situation, though I do already invest in it through Vanguard's emerging markets fund. I also invest in total international and...
by Angst
Wed May 24, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Intermediate vs Short Term TIPS Fund
Replies: 22
Views: 1904

Re: Intermediate vs Short Term TIPS Fund

^ Understood. One more thought. I was reading your response re: the LTPZ plus I Bonds suggestion for reducing duration of the LTPZ and I just wanted to be sure you recognize that the same goal could be accomplished by adding Vanguard's ST TIPS fund to your LTPZ holdings. Or just use Vanguard's TIPS ...
by Angst
Wed May 24, 2017 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Intermediate vs Short Term TIPS Fund
Replies: 22
Views: 1904

Re: Intermediate vs Short Term TIPS Fund

My SWR is below 3%. Overall I don't worry much about outlasting my money... [snip] Hi BigJohn, Below 3% sounds fairly safe given your AA and I'm sure that's a comfort to you. Since you've already been in retirement for about 2 years now, how much of those "below 3%" annual withdrawals hav...
by Angst
Sun May 21, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: Yield Curve and the Next Stock Market Correction
Replies: 36
Views: 3108

Re: Yield Curve and the Next Stock Market Correction

Chan_va wrote:I see - you are asking if a bond barbell or bullet is better in a flattening yield curve world. The answer would be a barbell. So, adjust your mix to a barbell with the same duration.

Doc, if this is the case, wouldn't the next question be: Which can move faster - a bear or a yield curve?
by Angst
Thu May 18, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: REITs: Count as Stocks or Bonds?
Replies: 49
Views: 2880

Re: REITs: Count as Stocks or Bonds?

If I had to pick one, REITs behave more like equity than bonds, but I really don't care. I've chosen to look at REITs as something different in my AA, so I don't think of them as equity or bonds, I think of them as REITs.
by Angst
Thu May 18, 2017 9:08 am
Forum: Investing - Theory, News & General
Topic: LMP-1: P&I article on corporate & public pension plans
Replies: 60
Views: 4307

Re: LMP-1: P&I article on corporate & public pension plans

Thank you Bob for the follow-up. Maybe the problem is tied up in the word "portfolio"? I use the LMP term to refer to my growing collection of TIPS that is expected to cover a small portion of my anticipated baseline retirement expenses from age 70-100 (might even push that out a little fa...
by Angst
Wed May 17, 2017 11:24 pm
Forum: Investing - Theory, News & General
Topic: LMP-1: P&I article on corporate & public pension plans
Replies: 60
Views: 4307

Re: LMP-1: P&I article on corporate & public pension plans

Once you are putting in a TIPS floor you have have left the world of conventional or, benchmark-driven, investing strategies and entered the world of LDI or, dedicated portfolio, strategies. Any investment strategy that matches some assets to liabilities is an LDI strategy. That includes LMP, which...
by Angst
Tue May 09, 2017 8:47 am
Forum: Investing - Help with Personal Investments
Topic: International REIT
Replies: 31
Views: 2292

Re: International REIT

While I like VNQI and own some of it, one thing that worried me about it in the past was that some of the countries had not legislated a distinct REIT structure like the US. In the US, one of the main differentiations of REIT stocks is that they have distinct tax treatment and regulations, they are...
by Angst
Mon May 08, 2017 10:18 pm
Forum: Investing - Theory, News & General
Topic: Buffet and Bogle on bonds
Replies: 24
Views: 2886

Re: Buffet and Bogle on bonds

The best predictor of future rates is the yield curve, not the news media and pundits, not the Fed's aspirations and certainly not threads like this. Rates continue to be low. They've been there a long time now. Deal with it. err, I mean, stay the course. :)
by Angst
Mon May 08, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: LMP-2: Should you take the lump sum?
Replies: 26
Views: 2666

Re: LMP-2: Should you take the lump sum?

3) mortality: people are living longer which makes pensions and annuities more valuable but pension plans have been using outdated mortality tables. That's about to maybe change: http://m.pionline.com/article/20170501/PRINT/305019980/updated-mortality-tables-are-raising-concerns ... "[for pens...
by Angst
Sun May 07, 2017 8:34 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early
Replies: 68
Views: 2854

Re: For Mr. Bogle: Let's Get The Party Started One Day Early

Jack Bogle, You're the best! If not for you, the world of consumer investing would still be dominated by the powers of marketing and advertising. The worst risks of investing wouldn't be beta and the pursuit of the perfect plan, but the lack of information, transparency and simple index-based invest...
by Angst
Sun May 07, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: DGSIX: Any other small-cap & value tilted 60/40 funds?
Replies: 10
Views: 823

Re: DGSIX: Any other small-cap & value tilted 60/40 funds?

https://s15.postimg.org/imrm4ywi3/Captura_de_pantalla_2017-05-07_a_las_7.49.54_AM.png Portfolio 1: 100% DGSIX; 2: 100% VWELX; 3: 100% FPURX. DGSIX had the most risk, the least return, and therefore the lowest Sharpe ratio. It also had the worst "worst year" and the worst "max drawdow...
by Angst
Sat May 06, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap value tilt portfolio review
Replies: 25
Views: 1949

Re: Small cap value tilt portfolio review

Your portfolio seems fine to me - there are so many ways to skin a cat. Sticking to it and not modifying it frequently is a bigger deal as is rebalancing when appropriate, and contributing and increasing contributions as income rises are also bigger deals. - Some people might want to split US REIT w...
by Angst
Sat May 06, 2017 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Small cap value tilt portfolio review
Replies: 25
Views: 1949

Re: Small cap tilt portfolio review

my 2¢...

1- edit post to include descriptive fund names so more people know what funds you're talking about
2- edit subject to include "value" to more accurately reflect how you're tilting
by Angst
Fri May 05, 2017 4:28 pm
Forum: Investing - Theory, News & General
Topic: Could someone briefly explain confusing expense ratio fees to me?
Replies: 14
Views: 1282

Re: Could someone briefly explain confusing expense ratio fees to me?

Perhaps you could get your bond exposure elsewhere, e.g. in an IRA? Or your spouse's 401k? The DFA TIPS fund is the only bond choice that looks like it has a reasonable ER. As far as variable annuities and wrappers go, I haven't a clue! I'm glad I was never put in a situation where I needed to educa...
by Angst
Fri May 05, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Convince me that I'm holding too much cash
Replies: 62
Views: 7741

Re: Convince me that I'm holding too much cash

DW and I are in our mid sixties and have been retired about 6 years. Both are collecting SS and have no pensions. As a result of a recent downsizing, we find ourselves holding about 15% of our investable assets in cash with no major purchases on the horizon. In the past I've comfortably held roughl...
by Angst
Fri May 05, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Help a beginner with Charles Schwab Roth IRA
Replies: 10
Views: 573

Re: Help a beginner with Charles Schwab Roth IRA

Personally, again, I would not use a combination of a large cap and a small cap funds when I could instead combine a Total stock market fund with a small cap fund (or preferably a small cap/value fund). Just to make sure I'm understanding things right, you would prefer a SCHB (US broad market) + SC...
by Angst
Thu May 04, 2017 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help a beginner with Charles Schwab Roth IRA
Replies: 10
Views: 573

Re: Help a beginner with Charles Schwab Roth IRA

Hi k, I totally agree with your notion of moving the 5% cash to equity - if stocks plummet in a crash (i.e., when stocks inevitably plummet in a crash), you can rebalance out of bonds into stocks. The cash is not going to contribute much. Personally, I am 50/50 US/Intl... there's no "right"...
by Angst
Thu May 04, 2017 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs 401k
Replies: 33
Views: 2207

Re: Pension vs 401k

The pension sounds generous, and if it's still intact 32 years from now and you're still at the same place of work, it could work out well for you. And someone above stated how much easier it is for companies to mess with the 401k vs the pension... if that's true, I guess that's an argument for the ...
by Angst
Wed May 03, 2017 12:41 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe Article On Enhancing Momentum Strategies
Replies: 60
Views: 5517

Re: Larry Swedroe Article On Enhancing Momentum Strategies

I haven't carefully read through Random Walker's thread yet but here's an old post that might help someone: just to straighten it out Cross Sectional MOM is RELATIVE momentum, going long the best performing (typically top 30%) and short the worst performing 30% in the asset class. If all going down,...
by Angst
Thu Apr 27, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: Vanguard New Lower ER .04%
Replies: 56
Views: 5633

Re: Vanguard New Lower ER .04%

Hey, what about TSM Institutional?! It's still at .04%
That's my 401k.
TSM Institutional Plus is at .02
by Angst
Wed Apr 26, 2017 1:26 pm
Forum: Investing - Theory, News & General
Topic: Retired, but postponing Social Security.
Replies: 17
Views: 1508

Re: Retired, but postponing Social Security.

That's what I was hoping - that the decrease was mostly due to the half year of income last year, and that things would stabilize this year when there would be a full year with no income. Just to be clear, if I've understood everything you've said correctly, next year (2018) when you're able to vie...
by Angst
Wed Apr 26, 2017 12:25 pm
Forum: Investing - Theory, News & General
Topic: Retired, but postponing Social Security.
Replies: 17
Views: 1508

Re: Retired, but postponing Social Security.

I retired last year at 62, but thought I'd hold off on claiming SSI until FRA, thinking I'd wait for the higher payout. My wife is 56 and still working (approx $55k/yr), I'm getting a pension (1229/month) and a small IRA distribution (750/month), so we're fine. I noticed on my December, 2016 SS sta...
by Angst
Sat Apr 22, 2017 8:56 am
Forum: Investing - Theory, News & General
Topic: LMP-1: P&I article on corporate & public pension plans
Replies: 60
Views: 4307

Re: LMP-1: P&I article on corporate & public pension plans

^Thank you grok. I appreciate your insight very much as the extent of my SCV tilt is still a work in progress, especially given that I have the luxury of still being in the workforce and adding to savings and steering contributions here or there. I'm trying to settle in on the right balance btw TSM ...
by Angst
Sat Apr 22, 2017 7:37 am
Forum: Investing - Theory, News & General
Topic: LMP-1: P&I article on corporate & public pension plans
Replies: 60
Views: 4307

Re: LMP-1: P&I article on corporate & public pension plans

You're lucky to have a pension. I'm basically trying to recreate that with my liability matching portfolio strategy (LMP). It's small - SS is more significant for me, but I'll take what I can get. And between the two of them, and my small (but still growing) LMP built mostly with 30 year TIPS, my e...
by Angst
Sat Apr 22, 2017 7:16 am
Forum: Investing - Help with Personal Investments
Topic: What bond index recommendations for $10K in Roth IRA?
Replies: 11
Views: 1082

Re: What bond index recommendations for $10K in Roth IRA?

I know this isn't quite what you're asking for, but if you're ready to commit to 10 years at 2.75%, maybe consider buying $10K of 20 yr 3.53% EE Bonds in taxable (they're tax deferred) and invest that $10k in your Roth in the TSM?
by Angst
Sat Apr 22, 2017 6:58 am
Forum: Investing - Theory, News & General
Topic: What's Wrong With AQR? (Managed Futures)
Replies: 66
Views: 5312

Re: What's Wrong With AQR? (Managed Futures)

It would be nice to stay in touch with Barry and keep up on the growth of his garden...
by Angst
Sat Apr 22, 2017 6:06 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 36665

Re: Larry Swedroe says "Goodby."

Doc wrote:
leftcoaster wrote:On his guidance - I always found that Larry's approach to bond investing was waaaay too complicated. I wonder how many non-clients actually implemented it.

At least one.

Make that two.
by Angst
Fri Apr 21, 2017 12:07 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 321
Views: 17862

Re: I don't understand the case for EE bonds

My marginal tax rate will be higher in 20 years than it is now, so the tax deferral has no value to me, and the state taxes aren't enough to justify the huge term risk with an EE bond. However, tax-deferral and state-tax exemption are considerations to factor in. How can you know this? It's not unr...
by Angst
Thu Apr 20, 2017 9:33 pm
Forum: Investing - Theory, News & General
Topic: LMP-1: P&I article on corporate & public pension plans
Replies: 60
Views: 4307

Re: LMP-1: P&I article on corporate & public pension plans

Gee... well, bonds are generally for safety, and equity is for risk, and hopefully return. One is safe and conservative, and one is risky and aggressive. Personally, I go for 15% of this, and 85% of that, thank you... but as far as my pension goes, I just want the result, i.e. the guarantee. I'd pre...
by Angst
Thu Apr 20, 2017 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: TIPS auction April 20, 2017. Anyone participating?
Replies: 7
Views: 1060

Re: TIPS auction April 20, 2017. Anyone participating?

As an FYI.... Price was $1008.65 and coupon = 0.125%. By my calculation that comes out to YTM = 0%. At least it is not negative which I was worried about. Maybe buy $10k of I Bonds and risk just $6k in TIPS? If you get a negative rate at auction, the I Bonds will do better, and they get to start li...
by Angst
Thu Apr 20, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 66
Views: 7751

Re: I bonds May 2017

I just can't get past being stuck in an investment where my return would drop from 3.53% to 0.10% unless held 20 years or more. Seems like only a young person could make such a commitment but it seems and odd commitment to me for someone who is young in the accumulation phase and looking at a 20+ y...
by Angst
Thu Apr 20, 2017 10:26 am
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 66
Views: 7751

Re: I bonds May 2017

I had a hard time to understand why people buy ibond w/ 0% fixed rate (in recent years) which means when you redeem it, you will be guaranteed to lose money after paying fed tax for the interests (=inflation). :confused [snip...] (But you make a good point in comparison to EE bonds beating inflatio...
by Angst
Wed Apr 19, 2017 7:03 pm
Forum: Investing - Theory, News & General
Topic: Questions for Bridgeway Capital research team
Replies: 12
Views: 1044

Re: Questions for Bridgeway Capital research team

Please do report back. I'm sure many would be interested to hear anything you have to say about the discussion. I'd also be interested in particular to hear about anything you discover that's new or unique to BOTSX, the tax managed version of BOSVX. And if there happens to be any new funds in the pi...
by Angst
Wed Apr 19, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 66
Views: 7751

Re: I bonds May 2017

As far as I Bonds go, I have enough of them for my needs. Only if the fixed rate went positive would I buy, and I'd sell my remaining 0% I Bonds. But I expect the fixed rate to stay at zero for now, so if I wanted to buy I Bonds this year, I'd buy now to get the 2.76%, or I'd wait until November to ...
by Angst
Fri Apr 14, 2017 7:57 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on Understanding Different Types of Risk
Replies: 45
Views: 5047

Re: Larry Swedroe on Understanding Different Types of Risk

^yeah, I understand and appreciate your points. Larry would do well to carry an editor with him everywhere he goes, and sometimes it seems like we're expected to knowingly read between his lines but he doesn't have to do the same for us. But I personally have no problem with any of this - I just loo...
by Angst
Fri Apr 14, 2017 4:24 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on Understanding Different Types of Risk
Replies: 45
Views: 5047

Re: Larry Swedroe on Understanding Different Types of Risk

Alright article about fairly basic stuff. I do enjoy the variety of things Larry chooses to write about, alts and so forth in particular, and certainly his feedback and discussion. And while people are talking about it, who doesn't need a holiday from this place every now and then? After that thread...
by Angst
Fri Apr 14, 2017 3:48 am
Forum: Investing - Theory, News & General
Topic: final, last dumb question: REITS vs Equity Funds
Replies: 20
Views: 1470

Re: final, last dumb question: REITS vs Equity Funds

What! Stocks exhibiting negative correlations with bonds? Heresy I says, heresy! :shock:
by Angst
Wed Apr 12, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: quick ibonds question
Replies: 3
Views: 616

Re: quick ibonds question

Buying your maximum, e.g. $10k right now, I think gives you the most flexibility. You can sell any amount of that $10k at any point in time (after a year), $25 or more at a time. However if on the other hand you buy incrementally, at the extreme - if you had purchased originally in $25 increments, I...
by Angst
Wed Apr 12, 2017 9:15 pm
Forum: Investing - Theory, News & General
Topic: The Latest 'Managers Can't Beat The Market' Research
Replies: 5
Views: 1132

Re: The Latest 'Managers Can't Beat The Market' Research

Oh yeah, that's neat! Thank you triceratop. :D
by Angst
Wed Apr 12, 2017 8:38 pm
Forum: Investing - Theory, News & General
Topic: Value of having TIPS funds?
Replies: 35
Views: 3926

Re: Value of having TIPS funds?

Look folks, this is what I did. I used Yahoo finance for TIPS and Total Bond data. I used the Treasury Direct website for I bonds data. I used the US Inflation Calculator website for inflation data. Then I built a very simple table. I looked at the results. If TIPS and I bond always beat inflation,...
by Angst
Wed Apr 12, 2017 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park Emergency Fund?
Replies: 32
Views: 2935

Re: Where to park Emergency Fund?

Some of the rates I see mentioned above barely (or really, don't even) keep up with recent inflation. For the amount of money you have to deal with, you might consider throwing I Bonds into the mix as well. You can't sell them for a year, and then will incur 3 mos interest penalty for selling until ...
by Angst
Tue Apr 11, 2017 4:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard leaves crumbs for active fund managers
Replies: 26
Views: 3981

Re: Vanguard leaves crumbs for active fund managers

At the last Bogleheads conference, Jack Bogle talked about problems of Vanguard's size and growth rate. He said that Vanguard owns about 6% of every US corporation. The Investment Company Act of 1940 (subject of Jack's 1951 Princeton senior thesis) forbids a fund from owning more than 10% of any co...
by Angst
Tue Apr 11, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Ibonds and pension.
Replies: 7
Views: 988

Re: Ibonds and pension.

Do you have no kids for whom you might want to use your I Bonds proceeds to pay for tuition expenses tax free? Not sure what the income cutoff is though. Maybe a 529 plan might be your preferred place for college savings.
by Angst
Mon Apr 10, 2017 8:27 pm
Forum: Personal Consumer Issues
Topic: Viewing Northern Lights (the full colors)
Replies: 17
Views: 1622

Re: Viewing Northern Lights (the full colors)

My special personal experience with the northern lights occurred way back in the 70's while camping on sand dunes next to lake Michigan at a summer camp near Shelby, MI. I have a recollection of shimmering, metallic greens and pinks that dazzled all of us while we cooked smores over the coals of a d...
by Angst
Mon Apr 10, 2017 4:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard VWO - no Samsung or South Korea
Replies: 17
Views: 1464

Re: Vanguard VWO - no Samsung or South Korea

thanks for the info - didn't even think of checking for differences between FTSE and MSCI - Now - if I want to go with an EM fund, do I stay with the FTSE and Vanguard, or look at the iShares and the IEMG or EEM versions I think this is one of those things that people can tend to overthink. To loos...
by Angst
Tue Apr 04, 2017 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard automatic Roth investment stops pennies short of maximum yearly contribution?
Replies: 15
Views: 703

Re: Vanguard automatic Roth investment stops pennies short of maximum yearly contribution?

fxer wrote:I can't manually deposit it since a bank transfer requires a minimum of $1.00.

Do you not have a taxable account at Vanguard from which you can transfer that 3¢?
Here's my 2¢ - chalk it up to experience. :)
by Angst
Mon Apr 03, 2017 5:30 pm
Forum: Investing - Theory, News & General
Topic: Problem with Vanguard's CD-Bond Search Page [TIPS]
Replies: 6
Views: 644

Re: Problem with Vanguard's CD-Bond Search Page [TIPS]

Thanks xenial for the update. Sadly, I can't say I'm surprised. Wouldn't you think that someone from Vanguard would be a member of this forum? Someone holding even the slightest bit of pride in both themselves and their employer? Again, this reminds me of some of the fund-specific errors that the Va...
by Angst
Sun Apr 02, 2017 8:03 pm
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10744

Re: nice short piece on the math of factor investing

Thankyou Nedsaid, I really appreciate your comments. Now I don't feel so lonely, nor like such a heretic. :happy And thankyou Larry too for your comments of course. I still haven't gotten to the latest book although it's certainly on my list. I'm not really nearly as confused as I may come across. B...
by Angst
Sun Apr 02, 2017 12:54 pm
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10744

Re: nice short piece on the math of factor investing

Thankyou LadyGeek for bringing the Wiki's breakout of factors into the discussion and thankyou Larry for your most recent post. So CS Momentum (CSM) and Value/Growth both fall under the factor heading of cross-sectional characteristics. In the case of CSM, then in the crashing bear market scenario, ...

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