Search found 936 matches

by Silence Dogood
Sat Jul 20, 2019 9:40 pm
Forum: Personal Consumer Issues
Topic: Apollo 11 (In Real Time)
Replies: 41
Views: 3186

Re: Apollo 11 (In Real Time)

Thank you for posting this!
by Silence Dogood
Sat Jul 20, 2019 7:38 pm
Forum: Personal Investments
Topic: Gold?
Replies: 94
Views: 4418

Re: Gold?

The problem with that Buffett article is that, in my opinion, Buffett's logic is fatally flawed. He's committing the logical fallacy of the false dichotomy. He's presenting two choices as mutually exclusive when they are not mutually exclusive: "Would you rather have Pile A or Pile B?" Obviously, i...
by Silence Dogood
Sat Jul 20, 2019 7:33 pm
Forum: Personal Investments
Topic: Gold?
Replies: 94
Views: 4418

Re: Gold?

I, like many of BHers, am anti-gold, I don’t understand how it is an investment, seems like pure speculation. To many people, speculation and investment are one and the same. That misunderstanding is quite useful to the sales staff! Gold as a store of value is another issue. My belief is that in ou...
by Silence Dogood
Sat Jul 20, 2019 7:14 pm
Forum: Personal Investments
Topic: Gold?
Replies: 94
Views: 4418

Re: Gold?

By the way, no one here is being "stuck up." You are free to invest however you want, but let's be honest about what Bogle's opinion was. You've never seen people on the Bogleheads forum being stuck up about gold? You must be new here. :wink: Not particularly, and I've been visiting this forum for ...
by Silence Dogood
Sat Jul 20, 2019 3:59 pm
Forum: Personal Investments
Topic: Gold?
Replies: 94
Views: 4418

Re: Gold?

It's hard to reconcile Bogle stating that he does not recommend commodities with the video where he did just that. As I noted above, the man seemingly contradicted himself with some regularity. And no, I don't believe that his recommendation for the endowment to be wholly inapplicable to an individ...
by Silence Dogood
Sat Jul 20, 2019 3:47 pm
Forum: Personal Investments
Topic: Gold?
Replies: 94
Views: 4418

Re: Gold?

Bogle himself explicitly recommended a 5% allocation to gold, so it can't be argued that doing so isn't Bogle-approved, even if it isn't Boglehead-approved. This is incredibly disingenuous. See my post above. An off-the-cuff remark about a small (5%) allocation in an endowment fund (which, to be cl...
by Silence Dogood
Sat Jul 20, 2019 3:14 pm
Forum: Personal Investments
Topic: Gold?
Replies: 94
Views: 4418

Re: Gold?

Bogle himself explicitly recommended a 5% allocation to gold, so it can't be argued that doing so isn't Bogle-approved, even if it isn't Boglehead-approved. This is incredibly disingenuous. See my post above. An off-the-cuff remark about a small (5%) allocation in an endowment fund (which, to be cl...
by Silence Dogood
Sat Jul 20, 2019 3:11 pm
Forum: Personal Investments
Topic: Gold?
Replies: 94
Views: 4418

Re: Gold?

Like really, if even Bogle (one of the most anti-gold people out there) conceded 5% to gold, the average person shouldn't have a problem with a 10% diversifier. Let's stop being so stuck up about this. Watch this video . I for one--I hope it's all right for me to say this--have no conviction that c...
by Silence Dogood
Fri Jul 19, 2019 4:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard says VTI is more tax-efficient than VTSAX
Replies: 32
Views: 3040

Re: Vanguard says VTI is more tax-efficient than VTSAX

retiringwhen wrote:
Fri Jul 19, 2019 4:48 pm
Bottom line from my perspective, I have to believe that the Vanguard person talking mis-spoke. There is no practical way the two can have different efficiency at the fund level that is meaningful.
I agree. Here is your answer, OP.
by Silence Dogood
Fri Jul 19, 2019 4:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard says VTI is more tax-efficient than VTSAX
Replies: 32
Views: 3040

Re: Vanguard says VTI is more tax-efficient than VTSAX

MittensMoney wrote:
Fri Jul 19, 2019 11:51 am
The point is that ETF's are ALWAYS more tax efficient than their mutual fund counterpart. The tax efficiency cannot be exactly the same, but in the case of VTI/VTSAX the difference is entirely negligible.
Are you taking into account Vanguard's patented dual-share fund structure?
by Silence Dogood
Fri Jul 19, 2019 11:34 am
Forum: Investing - Theory, News & General
Topic: Vanguard says VTI is more tax-efficient than VTSAX
Replies: 32
Views: 3040

Re: Vanguard says VTI is more tax-efficient than VTSAX

Well, it's an accurate statement. It will mainly apply to & effect mutual funds with high-turnover (actively managed funds) so people on this forum don't really need to worry about it. For some reading: A 2010 study by Lipper (Taxes in the Mutual Funds Industry – 2010; Assessing the Impact of Taxes...
by Silence Dogood
Tue Jul 16, 2019 11:04 am
Forum: Personal Investments
Topic: Vanguard TD funds
Replies: 35
Views: 1999

Re: Vanguard TD funds

The answer to this is that one thing that is definitely wrong with TD funds is marketing them to age of retirement rather than the investor selecting a fund of an appropriate asset allocation. This calculation is made more complex and less transparent by the construction of the glidepath. I would s...
by Silence Dogood
Tue Jul 16, 2019 10:31 am
Forum: Personal Investments
Topic: Vanguard TD funds
Replies: 35
Views: 1999

Re: Vanguard TD funds

Be aware, however, that Vanguard's target date funds are riskier in allocation than I've seen for other target date funds of the same retirement year. When I checked a few years ago, Blackrock was the riskiest followed by Vanguard. The TSP was the least risky. Which target retirement funds are less...
by Silence Dogood
Sun Jul 14, 2019 5:03 pm
Forum: Personal Investments
Topic: Vanguard TD funds
Replies: 35
Views: 1999

Re: Vanguard TD funds

1) higher expense ratios that, even though the amount is probably insignificant, still bugs me 2) the fact that bonds are split between US and International. I am happy to have exposure to international stocks, but do not understand or feel comfortable with the notion of holding even hedged interna...
by Silence Dogood
Sun Jul 14, 2019 4:44 pm
Forum: Personal Investments
Topic: Vanguard TD funds
Replies: 35
Views: 1999

Re: Vanguard TD funds

If you're having a difficult time making this decision, then I would definitely recommend a Target Retirement or LifeStrategy fund (if you're having a difficult time making this decision you are likely to have a difficult time making decisions regarding rebalancing). Personally, I am very happy with...
by Silence Dogood
Sat Jul 13, 2019 10:56 am
Forum: Personal Consumer Issues
Topic: Alternatives to car rental for three months?
Replies: 57
Views: 3883

Re: Alternatives to car rental for three months?

You might try turo, where you rent from individuals. https://turo.com/?utm_source=bing&utm_medium=cpc&utm_campaign=bs:br:brand:root::usa:d+42503967&utm_term=root::exact+kwd-19597392188:loc-190+77172001409722+3783984601&msclkid=2557c871ac681b9d97f79572b2fbb311 Uber or lyft . Zipcar? I've used Turo t...
by Silence Dogood
Thu Jul 11, 2019 7:29 pm
Forum: Personal Investments
Topic: Anyone else have VG phone reps push toward PAS?
Replies: 27
Views: 1972

Re: Anyone else have VG phone reps push toward PAS?

Vanguard is definitely trying to push their PAS. I now see a pop-up ad when I log on, along with a large banner on the "my accounts" page. I'm 100% invested in a Target Retirement fund. Why would I want to pay 0.3% more? I've read that the Vanguard employee compensation bonus is partially based off ...
by Silence Dogood
Thu Jul 11, 2019 5:58 pm
Forum: Investing - Theory, News & General
Topic: Three most important elements of investment success
Replies: 67
Views: 5569

Re: Three most important elements of investment success

Excellent post, OP!

Maybe we should start a Boglehead haiku thread?
by Silence Dogood
Wed Jul 10, 2019 5:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer private equity investments? Thoughts?
Replies: 69
Views: 6646

Re: Vanguard to offer private equity investments? Thoughts?

The pop-ups and banner ads plugging PAS bug me more than this. I just noticed this today when I logged on to download my quarterly statement. It's one thing to have an appropriately sized banner ad on the side of the website informing clients about this option, it's another thing to have a large po...
by Silence Dogood
Mon Jul 08, 2019 4:06 pm
Forum: Investing - Theory, News & General
Topic: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE
Replies: 38
Views: 3081

Re: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE

Do you think that the Vanguard Target Retirement funds have an appropriate glide path? If not, why not?

Which would you recommend for most investors, a glide path or a fixed allocation?

What is your opinion of all-in-one funds like Vanguard's Target Retirement and LifeStrategy funds?
by Silence Dogood
Sun Jul 07, 2019 1:51 pm
Forum: Investing - Theory, News & General
Topic: Why do Vanguard Target Retirement and LifeStrategy hold "Investor" rather than "Admiral" shares?
Replies: 7
Views: 907

Re: Why do Vanguard Target Retirement and LifeStrategy hold "Investor" rather than "Admiral" shares?

FYI, there are now rumors that, within the next couple of years, Vanguard will lower the cost of their Target Retirement funds and LifeStrategy funds by using the equivalent ETF share classes for the underlying funds. The target date funds have billions in assets. They should be holding those insti...
by Silence Dogood
Sun Jul 07, 2019 1:35 pm
Forum: Investing - Theory, News & General
Topic: Why do Vanguard Target Retirement and LifeStrategy hold "Investor" rather than "Admiral" shares?
Replies: 7
Views: 907

Re: Why do Vanguard Target Retirement and LifeStrategy hold "Investor" rather than "Admiral" shares?

FYI, there are now rumors that, within the next couple of years, Vanguard will lower the cost of their Target Retirement funds and LifeStrategy funds by using the equivalent ETF share classes for the underlying funds.
by Silence Dogood
Sat Jul 06, 2019 11:46 am
Forum: Personal Investments
Topic: Transition from Target date to 3 fund portfolio
Replies: 16
Views: 1731

Re: Transition from Target date to 3 fund portfolio

OP, I think you should stick with the Target Retirement fund. International stocks/bonds help to diversify your portfolio. Also, regarding your third reason (lower expense ratio), there are rumors that Vanguard is planning to replace, within the next couple of years, the underlying investor class sh...
by Silence Dogood
Sat Jun 29, 2019 9:05 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 8733

Re: Vanguard Advertising Mutual Fund to ETF Conversion

Now, will Vanguard continue to allow you to buy fractional shares (aside from reinvestment of dividends) or is that a one-off event? The Admiral-to-ETF conversion is the ability to buy fractional shares. Keep automatically investing into the mutual fund. Once a week/month/quarter/year, log on and c...
by Silence Dogood
Sat Jun 29, 2019 8:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 8733

Re: Vanguard Advertising Mutual Fund to ETF Conversion

I was curious about the conversion process, so I experimented with my Roth IRA (located at Vanguard) on Friday. My Roth IRA solely contained VTSAX (Vanguard Total Stock Market Index Fund Admiral Shares). After logging in, I responded to the welcome screen prompting me to convert my mutual funds to ...
by Silence Dogood
Sat Jun 29, 2019 6:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 187
Views: 19028

Re: Vanguard Announces Plans to Launch Commodities Fund

Stocks and bonds are investments.

Commodities are not.
by Silence Dogood
Sat Jun 29, 2019 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of NSF REU undergraduate research stipend
Replies: 49
Views: 12661

Re: Taxation of NSF REU undergraduate research stipend

Final update: My wife received a letter in the mail today from the IRS stating: Dear Taxpayer: Thank you for the inquiry dated Apr. 29, 2019. We have adjusted your account as requested. ... There is no mention of a payment due, so I assume this matter is resolved. Thanks to everyone here for your he...
by Silence Dogood
Sat Jun 29, 2019 9:49 am
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 8733

Re: Vanguard Advertising Mutual Fund to ETF Conversion

ETFs and automatics are the future. For cars, automatic transmissions are more complex, more expensive to produce, more prone to breakdown, and more expensive to repair, and have lower gas millage. There is a fair amount of nuance that can be brought in. Automatics have made vast strides in 50 year...
by Silence Dogood
Sat Jun 29, 2019 8:12 am
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 8733

Re: Vanguard Advertising Mutual Fund to ETF Conversion

Regardless, ETFs are the future. I can talk all day on why manual transmission are best, but they are getting harder to find. Such is the tide of history. An interesting analogy. I don't know how to drive a manual. Supposedly it's more fuel efficient? At least that's what I've been told is the adva...
by Silence Dogood
Sat Jun 29, 2019 12:30 am
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 8733

Re: Vanguard Advertising Mutual Fund to ETF Conversion

Several loud media stories notwithstanding, SIM swap is a highly unlikely vector to be successfully exploited, however, I've been using GV for many years before 2FA became even a thing (since it was called Grand Central), so it's been an easy choice for me personally. Why bother offering a hardware...
by Silence Dogood
Fri Jun 28, 2019 8:04 am
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 8733

Re: Vanguard Advertising Mutual Fund to ETF Conversion

Lets not forget with ETFs, you have more control over your order if you place a limit or stop order vs a market order on the buy side. I like that flexibility. It gives you the ability to buy during a dip in the market (assuming one occurs in the near future). On the sell side, you can limit your s...
by Silence Dogood
Fri Jun 28, 2019 8:00 am
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 8733

Re: Vanguard Advertising Mutual Fund to ETF Conversion

Vanguard is absolutely involved since this entire thread is about Vanguard telling people to hold ETFs at Vanguard. Vanguard is NOT saying "go hold your ETFs at Merrill Lynch so we save money". In particular, why would Vanguard care about saving money. The funds are run at-cost. Employee compensati...
by Silence Dogood
Thu Jun 27, 2019 5:12 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 8733

Re: Vanguard Advertising Mutual Fund to ETF Conversion

Lets not forget with ETFs, you have more control over your order if you place a limit or stop order vs a market order on the buy side. I like that flexibility. It gives you the ability to buy during a dip in the market (assuming one occurs in the near future). On the sell side, you can limit your s...
by Silence Dogood
Wed Jun 26, 2019 6:45 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 8733

Re: Vanguard Advertising Mutual Fund to ETF Conversion

Vulcan wrote:
Wed Jun 26, 2019 5:41 pm
As for 2FA, I stand by my suggestion in the thread you linked: use Google Voice number for receiving authentication texts.
A good suggestion, but clients shouldn't have to come up with a work-around for bad security practices. Wouldn't you agree?
by Silence Dogood
Wed Jun 26, 2019 5:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 8733

Re: Vanguard Advertising Mutual Fund to ETF Conversion

I also think Vanguard has the best web site for what I need from it. A minority opinion, I know. I pretty much agree with this, although some basic improvements are needed (particularly with log-in/security). What's wrong with their login security? I don't want to derail this thread, but here is a ...
by Silence Dogood
Wed Jun 26, 2019 4:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 8733

Re: Vanguard Advertising Mutual Fund to ETF Conversion

Schwab charges $4.95 per ETF transaction for Vanguard funds. So, ultimately investors will pay for this. The point of my post above, is that if Vanguard would rather have their investors hold their funds in outside brokerages, then they may not be adhering to their own mission statement. I also thi...
by Silence Dogood
Wed Jun 26, 2019 4:10 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 8733

Re: Vanguard Advertising Mutual Fund to ETF Conversion

How does Schwab cover the costs to administer (let alone make a profit on) an account if their client is fully invested in low-cost Vanguard ETFs? They will make money when you sell. Each time. Can you explain to me how this works? Wouldn't there be an incentive for Schwab to encourage selling? Sch...
by Silence Dogood
Wed Jun 26, 2019 4:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 8733

Re: Vanguard Advertising Mutual Fund to ETF Conversion

As far as Vanguard goes? I think they would be quite happy if you convert your Vanguard mutual funds to Vanguard ETFs and take them to Schwab. They get the efficiencies of your AUM in their products and can offload customer support to someone else. How does Schwab cover the costs to administer (let...
by Silence Dogood
Wed Jun 26, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 8733

Re: Vanguard Advertising Mutual Fund to ETF Conversion

I think Vanguard would do itself a favor by being more transparent about what their intentions are. It seems like they try to nudge things in a not-so-subtle way that simply arouses suspicions, rather than just stating the reasons why. For example, with the switch to brokerage accounts, Vanguard was...
by Silence Dogood
Wed Jun 26, 2019 11:21 am
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 8733

Re: Vanguard Advertising Mutual Fund to ETF Conversion

I haven't logged on recently, but if Vanguard is doing this it definitely seems like they are trying to "nudge" people in that direction.
by Silence Dogood
Tue Jun 25, 2019 10:54 pm
Forum: Personal Investments
Topic: Any help for a new investor? Vanguard TDF at .15%?
Replies: 4
Views: 670

Re: Any help for a new investor? Vanguard TDF at .15%?

My entire Roth IRA is invested in Vanguard Target Retirement 2055 (VFFVX).

I think most Bogleheads like the Vanguard Target Retirement funds.

0.15% is a very low expense ratio. In a few years from now, the expense ratio will likely be even lower.
by Silence Dogood
Mon Jun 17, 2019 5:03 pm
Forum: Forum Issues and Administration
Topic: Why not add a "like" button to Boglehead posts?
Replies: 185
Views: 31094

Re: Why not add a "like" button to Boglehead posts?

I'm glad that we won't be adding a "like" button.

Why would we want to be more like Facebook/Reddit?

Bogleheads.org is better than both of those sites.

I think that "like" buttons incentivize bad behavior.
by Silence Dogood
Mon Jun 17, 2019 12:24 pm
Forum: Personal Investments
Topic: Convert my VG mutual funds to ETFs to save basis points?
Replies: 39
Views: 2654

Re: Convert my VG mutual funds to ETFs to save basis points?

Theoretically, could there ever be a zero-expense ETF? If Vanguard created a zero-expense ETF, and an investor held that ETF in their Fidelity brokerage account, how would Fidelity make any money? I believe that Vanguard could make money off of security lending, but how would this be sustainable for...
by Silence Dogood
Mon Jun 17, 2019 12:00 pm
Forum: Personal Investments
Topic: Alternative to $3,000 minimums at Vanguard
Replies: 13
Views: 868

Re: Alternative to $3,000 minimums at Vanguard

The Vanguard Target Retirement funds ($1,000 minimum) include the three funds you've listed above, along with a small amount of international bonds (30% of the bond allocation). They also automatically rebalance, so they require very little work. Just make sure that you are comfortable with the asse...
by Silence Dogood
Sun Jun 16, 2019 9:20 pm
Forum: Personal Investments
Topic: Convert my VG mutual funds to ETFs to save basis points?
Replies: 39
Views: 2654

Re: Convert my VG mutual funds to ETFs to save basis points?

You're assuming that the ERs will not change again in the near future. They've been changing a lot recently, not only at Vanguard but also at Fidelity, Schwab, and Blackrock. I agree. Going to this much trouble to maybe save a few dollars does not make sense to me. And it is entirely possible that ...
by Silence Dogood
Sun Jun 16, 2019 8:45 am
Forum: Personal Investments
Topic: Convert my VG mutual funds to ETFs to save basis points?
Replies: 39
Views: 2654

Re: Convert my VG mutual funds to ETFs to save basis points?

I did this. Vanguard screwed up the cost basis. Luckily I had a copy before asking them to convert to prove that they made a mistake. The cost of mistake if not fixed was a lot compared to potential savings. It took me many phone calls and many weeks to get it resolved. It is totally not worth it. ...
by Silence Dogood
Sun Jun 16, 2019 8:30 am
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9504

Re: The Case Against ETFs

Mutual funds and ETFs are exactly the same. There is no difference between them. Zero . It does not matter at all . It is entirely personal preference. People familiar with bank accounts often prefer mutual funds. People familiar with stock transactions often prefer ETFs. That may not be absolutely...
by Silence Dogood
Sun Jun 16, 2019 8:28 am
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9504

Re: The Case Against ETFs

Personally, I will stick with index funds over ETFs. Index funds can be explained in detail in a paragraph or two. I have read every page in the wiki that references or explains ETFs, and I've read them several times over. I've read tens or likely even 100 forum topics on ETFs as well. All this tim...
by Silence Dogood
Sun Jun 16, 2019 8:22 am
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9504

Re: The Case Against ETFs

I think that the main concern the OP had is that there is now the perception (reality?) that Vanguard is promoting ETFs over mutual funds. The OP wanted to know the rationality behind this decision. I think that his/her concerns could have been addressed more appropriately. Completely false, from t...