Search found 1567 matches

by Angst
Thu Apr 27, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: Vanguard New Lower ER .04%
Replies: 56
Views: 5406

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: 1437

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: 1437

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: 25
Views: 1694

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: 25
Views: 1694

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: 1011

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: 4959

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: 35094

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: 320
Views: 16018

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: 25
Views: 1694

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: 1032

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: 35
Views: 3840

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: 35
Views: 3840

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: 997

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: 35
Views: 3840

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: 4902

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: 4902

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: 1399

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: 594

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: 1110

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: 3824

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: 2840

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: 3928

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: 953

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: 1552

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: 1404

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: 659

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: 624

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: 10406

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: 10406

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, ...
by Angst
Sun Apr 02, 2017 12:06 pm
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10406

Re: nice short piece on the math of factor investing

Notice that I did not use the teeter/totter analogy for subsets of the stock market. I just said that these subsets take turns performing better than the other. You see this with Value vs. Growth and Small vs. Large. Where the factors come in is that over longer periods of time Small outperforms La...
by Angst
Sun Apr 02, 2017 11:22 am
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10406

Re: nice short piece on the math of factor investing

Okay. Let's look at volatile asset classes or sub-classes with stock-like performance that act differently than each other. REITs are a good example, very similar returns to stocks but often uncorrelated. You see that Value and Growth outperform each other at different times. Ditto for Small and La...
by Angst
Sun Apr 02, 2017 9:31 am
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10406

Re: nice short piece on the math of factor investing

Angst, as I explained TSM by definition has no exposure to any factor other than market beta. Remember factors are DEFINED as long/short portfolios. So long value, short growth and long small and short large, and so on. TSM owns stocks with positive MOM and they exactly offset the negative MOM expo...
by Angst
Sat Apr 01, 2017 2:29 pm
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10406

Re: nice short piece on the math of factor investing

Angst, Growth certainly could be said to be a factor (though it's usually not because of the NEGATIVE expected return). But remember the TSM has no exposure to the growth factor any more than it has exposure to the value factor because the growth stocks it owns which give it positive exposure to th...
by Angst
Fri Mar 31, 2017 9:56 pm
Forum: Investing - Theory, News & General
Topic: nice short piece on the math of factor investing
Replies: 202
Views: 10406

Re: nice short piece on the math of factor investing

Abstract. There's another verb we could throw into the mix. Above and beyond the reduction of idiosyncrasy achieved by diversification through the holding of high numbers of companies in a portfolio, I prefer a well-diversified portfolio that is also abstracted towards the factors of value and small...
by Angst
Fri Mar 31, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab offering .03% ER
Replies: 75
Views: 3103

Re: Schwab offering .03% ER

I haven't read the entire thread, but 2 basis points difference btw Schwab and Vanguard (ETF/Admiral) could easily be swamped within tracking error and/or income from securities lending. Probably not a big deal either way, but I haven't looked into it so I don't know. As such, I'd lean towards Vangu...
by Angst
Fri Mar 31, 2017 11:36 am
Forum: Investing - Theory, News & General
Topic: EE bonds vs F or G Fund vs Total Bond
Replies: 57
Views: 3008

Re: EE bonds vs F or G Fund vs Total Bond

I don't have access to F or G fund. I choose not to use the TBM or any other bond fund, I manage my fixed income (FI) myself, including EE and I bonds, TIPS and various CDs. I hold only about 15% of my portfolio in FI, and safety is what it's all about. Given the spreadsheet below, it would be quite...
by Angst
Tue Mar 28, 2017 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 9971

Re: Not opting for 529... anyone else?

Thank you Spirit Rider and High Income Parent for reminding me of the 10% penalty. For someone who would be in a low tax bracket in retirement and having already gained a state tax write-off up front for the original contribution, that's not so bad I suppose, although it's not a strategy I would sug...
by Angst
Tue Mar 28, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 9971

Re: Not opting for 529... anyone else?

[snip]... So, for now, we're not contributing to a 529. Anyone else choosing not to contribute to a 529? If not, why not? Your concerns kinda beg the question, "So what if you do contribute to a 529 but end up not being able to use it?" Of course I could read up on the the law, etc., but ...
by Angst
Tue Mar 21, 2017 4:18 pm
Forum: Investing - Theory, News & General
Topic: Why do people invest in Long Term Bonds now?
Replies: 51
Views: 7390

Re: Why do people invest in Long Term Bonds now?

I'm interested to know what people think now that we're officially in an interest rate rising (slowly) environment again. Five years ago it appeared as if everyone was assuming that rates were inevitably going up, and really soon. Four years ago the "taper tantrum" seemed at least momenta...
by Angst
Mon Mar 20, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 102
Views: 5253

Re: Best way to expand my vocabulary?

Far be it from me to criteak. :happy
by Angst
Mon Mar 20, 2017 1:30 pm
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 102
Views: 5253

Re: Best way to expand my vocabulary?

As many have already suggested: read. And with each new book, start a new note card/bookmark and write down the definition for any word you need to look up. I still do this on occasion, and I include the typically Latin or Greek derivation of the word. And then every time you pick up the book to con...
by Angst
Thu Mar 16, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Bought my first individual TIPS, now I am in love!
Replies: 34
Views: 4110

Re: Bought my first individual TIPS, now I am in love!

Original issue, or did you pick her up in the secondary market?
by Angst
Wed Mar 15, 2017 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds - now or later in the year?
Replies: 8
Views: 1048

Re: I Bonds - now or later in the year?

It all depends on what you want out of your I-Bonds. If you're going to cash them in in just a couple years or so, do it now and catch the current 2.76% composite rate. However, if you're more likely to hold on to your I-Bonds indefinitely as an emergency fund of sorts, perhaps for years indefinitel...
by Angst
Wed Mar 15, 2017 6:46 pm
Forum: Investing - Theory, News & General
Topic: Problem with Vanguard's CD-Bond Search Page [TIPS]
Replies: 6
Views: 624

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

Update: Two weeks later, nothing's changed so far. It must be a pretty complicated fix. :shock:

xenial identified the problem: Vanguard's bond desk misclassified the 2045 TIPS as a nominal treasury bond. It still will not show up in any bond search you do at Vanguard specifically for TIPS.
by Angst
Wed Mar 15, 2017 4:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 36
Views: 3660

Re: Vanguard: "Important: We've been unable to reach you by email"

I wonder if these letters date back to the recent day(s) when folks couldn't login to their Vanguard accounts. Probably Vanguard couldn't send out e-mails those days either, so many outbound e-mails got bounced. It's a thought... it does make sense, even though I wasn't caught up in that particular...
by Angst
Wed Mar 15, 2017 3:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 36
Views: 3660

Re: Vanguard: "Important: We've been unable to reach you by email"

This discussion has just now reminded me of a post I made on March 2nd about Vanguard's bond purchase webpage and a problem they were having. If you were searching for TIPS under certain criteria, the 30-yr 2045 issue was not coming up. I contacted Vanguard support twice and ultimately pointed out t...
by Angst
Wed Mar 15, 2017 3:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 36
Views: 3660

Re: Vanguard: "Important: We've been unable to reach you by email"

I contacted VG about it the other day and they basically wrote back that they were aware they were having issues with sending false warnings and they were working to address it. That doesn't mean I would ignore it in the future, but I have been getting VG emails just fine both before and after rece...
by Angst
Wed Mar 15, 2017 3:14 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 36
Views: 3660

Re: Vanguard: "Important: We've been unable to reach you by email"

Those emails generally just tell you that a confirmation is available on the web site. There should also be a message there. Your main page should have a link to new messages. The message should direct you to the actual confirmation, a PDF. See if there is one there that you did NOT get an email no...

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