Search found 931 matches

by dharrythomas
Sun May 26, 2019 4:20 pm
Forum: Investing - Theory, News & General
Topic: "A Set-It-and-Forget-It Target-Date Series From Vanguard"
Replies: 120
Views: 13473

Re: "A Set-It-and-Forget-It Target-Date Series From Vanguard"

Taylor, Thank you! When I finally listened to you several others on this forum and quit meddling, I went to the LifeCycle Fund in the TSP, Target Retirement in my Traditional IRA, and LifeStrategy in our Roths (my intent is for legacy so willing to take more risk over time). The TSP is not immune to...
by dharrythomas
Sun May 26, 2019 1:54 pm
Forum: Investing - Theory, News & General
Topic: just a general comment about "too conservative" investors here
Replies: 151
Views: 14636

Re: just a general comment about "too conservative" investors here

I like Ben Graham's advice Most investors at 50/50 Aggressive up to max 75/25 Conservative down to min 25/75 Keep It Simple. +1 My guess is that that would be in Valuethinker’s sweet spot also. But then what does Ben Graham know? Clearly he overreacted to the Great Depression. If the market went do...
by dharrythomas
Sat May 25, 2019 11:38 am
Forum: Personal Investments
Topic: VASGX all in one fund for Roth IRAs + HSA?
Replies: 3
Views: 426

Re: VASGX all in one fund for Roth IRAs + HSA?

Sounds fine to me. I’m 56 with DW & my Roth IRAs in LSMG and traditional IRA and TSP in 2030 accounts. I’m less tempted to meddle.
by dharrythomas
Sat May 18, 2019 7:38 pm
Forum: Investing - Theory, News & General
Topic: "Bogleheads on Investing" podcast stats and guests
Replies: 17
Views: 2024

Re: "Bogleheads on Investing" podcast stats and guests

Rick,

The podcast is great. Thanks for all you do here and for your military service.

Harry
by dharrythomas
Fri May 17, 2019 4:14 pm
Forum: Investing - Theory, News & General
Topic: Does stock allocation truly matter?
Replies: 61
Views: 5339

Re: Does stock allocation truly matter?

AA definitely matters. We just have no idea in advance what AA will give us the best results. We can talk probability, but not everyone agrees on the rules. It's a guessing game where people either take sides based on risk vs reward, or where people simply make their pick based on what provides the...
by dharrythomas
Tue May 14, 2019 6:52 pm
Forum: Investing - Theory, News & General
Topic: Episode 009: "Bogleheads on Investing" with guest Dr. Wesley Gray, host Rick Ferri
Replies: 14
Views: 2323

Re: Episode 009: "Bogleheads on Investing" with guest Dr. Wesley Gray, host Rick Ferri

Rick,

I love the podcast. Thank you so much. Thank you for your service to the nation and continuing to give back through Bogleheads. Good luck with the new business model.

Harry
by dharrythomas
Sat Apr 13, 2019 4:53 pm
Forum: Investing - Theory, News & General
Topic: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")
Replies: 59
Views: 8492

ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")

ETFs are grape bricks. Are you seriously saying the Vanguard started providing ETFs to facillitate short-term trading? Gus Sauter says pretty much that on episode 5 of Bogleheads on Investing. He described it as a way to let the trading types trade while protecting the mutual fund share holders fro...
by dharrythomas
Mon Feb 18, 2019 6:35 pm
Forum: Investing - Theory, News & General
Topic: Buffet's Betas: What Individual Investors Can Learn From Buffett
Replies: 36
Views: 2189

Re: Buffet's Betas: What Individual Investors Can Learn From Buffett

Don’t forget that Buffett made the money to buy Berkshire Hathaway running and investment partnership. Yes, he now has structural advantages to most investors. He made a name for himself as an investor before he had foot to invest. Adam Smith in “Super Money”, early 1970s interviewed Benjamin Graham...
by dharrythomas
Sat Feb 09, 2019 11:03 am
Forum: Personal Investments
Topic: Opinion on VTWAX [Vanguard Total World Stock]
Replies: 115
Views: 13292

Re: Opinion on VTWAX [Vanguard Total World Stock]

Anything outside of world market cap is a bet and you're also saying you know more that the rest of us. I don't invest based on ideology, recency bias, political views, opinions, personal feelings, arm chair experts and hunches. World market cap is a bet that the Effecient Market Hypothesis is abso...
by dharrythomas
Sat Feb 09, 2019 10:49 am
Forum: Investing - Theory, News & General
Topic: Can you rebalance your way to $0?
Replies: 35
Views: 2824

Re: Can you rebalance your way to $0?

4) Stocks are affected by inflation, too. In fact, the full title of the famous "Death of Equities" article in Businessweek was "The Death of Equities: How Inflation is Destroying the Stock Market." Stocks aren't magically immune from inflation in some way that is any different from bonds, they sim...
by dharrythomas
Sat Feb 09, 2019 7:13 am
Forum: Personal Investments
Topic: Opinion on VTWAX [Vanguard Total World Stock]
Replies: 115
Views: 13292

Re: Opinion on VTWAX [Vanguard Total World Stock]

Anything outside of world market cap is a bet and you're also saying you know more that the rest of us. I don't invest based on ideology, recency bias, political views, opinions, personal feelings, arm chair experts and hunches. World market cap is a bet that the Effecient Market Hypothesis is abso...
by dharrythomas
Thu Feb 07, 2019 4:13 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total World Stock (VTWAX) and All-World ex-US Small Cap Admiral Shares (VFSAX) now available (February 7)
Replies: 181
Views: 21019

Re: Vanguard Total World Stock (VTWAX) and All-World ex-US Small Cap Admiral Shares (VFSAX) now available (February 7)

I got an email from Vanguard this morning. I used the exchange process this afternoon. The conformation says “conversion”. Should be tax free. Good day.
by dharrythomas
Thu Jan 31, 2019 9:10 pm
Forum: Personal Investments
Topic: Considering Switching to Index Funds
Replies: 15
Views: 1270

Re: Considering Switching to Index Funds

So, just chalk up the front load fees as a lesson in life and go Index? Forgot to add I’m 38 and my wife is 35. Absolutely. The loads are considered a “sunk cost” in economic or financial analysis. You’ve already spent them and you don’t get them back, past cost is not a valid consideration in cons...
by dharrythomas
Sat Jan 26, 2019 5:16 pm
Forum: Personal Investments
Topic: 55yrs old 50/50 or 60/40 in this environment
Replies: 19
Views: 2505

Re: 55yrs old 50/50 or 60/40 in this environment

the difference between the two is not material IMO. +1 Compare the risk and return of LifeStrategy Moderate Growth and LifeStrategy Conservative Growth. 50/50 would be in the middle. We fine tune our asset allocations, but it takes a major move to have a significant impact on either risk or return....
by dharrythomas
Sat Jan 26, 2019 5:01 pm
Forum: Investing - Theory, News & General
Topic: The Value "Premium" has been ZERO for 30 years
Replies: 198
Views: 16197

Re: The Value "Premium" has been ZERO for 30 years

but as expected US small cap value outperformed Total Stock Market, which outperformed US Small Cap Growth. Bogleheads: No one can forecast which category of stocks will outperform in the future. Last year Small-Cap Value had the WORST performance ( -17.03% ) of ALL Morningstar 14 index categories....
by dharrythomas
Mon Jan 21, 2019 10:06 pm
Forum: Investing - Theory, News & General
Topic: One Fund to Rule Them All
Replies: 52
Views: 4790

Re: One Fund to Rule Them All

I am going to just blurt it out. I hate TARGET DATE FUNDS. There is no standard definition that I know of for their composition or glide path. It is way too random for my liking. I think her plan to go with a single broad based index fund then moving into fixed income assets as she sees fit is a be...
by dharrythomas
Wed Jan 16, 2019 8:17 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 51497

Re: John Bogle is dead at 89

God bless Jack Bogle and his family. He was a true gentleman who made a great contribution to his community. He will be well and truly missed.

His family is in my thoughts and prayers.

Harry
by dharrythomas
Sat Jan 12, 2019 5:23 pm
Forum: Personal Investments
Topic: Requesting Guidance - 29 y/o military investor
Replies: 20
Views: 1739

Re: Requesting Guidance - 29 y/o military investor

I'll admit ignorance since I'm on the old system and not BRS. But are you sure that you can't max TSP and then get matching contribution above that? My wife's 401k works this way, so we're able to put ~25k/year with the company match. It's a nice expansion of tax deferred space. Abracadabra11, Usua...
by dharrythomas
Fri Jan 11, 2019 9:37 am
Forum: Personal Investments
Topic: 35...am I on the right track? Feeling overwhelmed with options
Replies: 14
Views: 2912

Re: 35...am I on the right track? Feeling overwhelmed with options

Move the 401(K) to Vanguard and use the big pay raise as an opportunity to increase your 401(K) contributions. You are doing fine. Living below your means and saving money is critical. If you max the 401(K), you’ll probably still get a bump in disposable income from your raise, do do something you e...
by dharrythomas
Fri Jan 11, 2019 9:08 am
Forum: Investing - Theory, News & General
Topic: BHers, what is your Roth IRA %?
Replies: 137
Views: 8006

Re: BHers, what is your Roth IRA %?

Basically, we’re at 30% Traditional, 30% Taxable, and 40% Roth. Now, I pull money from taxable each year for Roth IRA contributions and my IRA plus match is split 50/50 between Traditional and Roth. So taxable is declining and Roth will be growing faster. My contribution decisions are informed by an...
by dharrythomas
Sat Jan 05, 2019 10:14 pm
Forum: Personal Investments
Topic: Delaying retirement just to help adult children
Replies: 66
Views: 6287

Re: Delaying retirement just to help adult children

If your brother and SIL asked my advice , I’d tell them to sit down and talk to their kids about their impending retirement and how it would impact the kids... +1 And continuing that logic, unless Bro and SIL begged for my advice I would stay right out of that minefield. There is little upside, but...
by dharrythomas
Sat Jan 05, 2019 10:04 pm
Forum: Personal Investments
Topic: Is it a good time now to sell equities that have lost value?
Replies: 4
Views: 695

Re: Is it a good time now to sell equities that have lost value?

livesoft wrote:
Sat Jan 05, 2019 1:02 pm
Sounds good to me.
+1
by dharrythomas
Sat Jan 05, 2019 10:03 pm
Forum: Personal Investments
Topic: Target Date Fund vs. 3 Fund Portfolio
Replies: 53
Views: 18617

Re: Target Date Fund vs. 3 Fund Portfolio

I like Target Retirement and LifeStrategy Funds. For minimal cost, Vanguard handles the rebalancing.
by dharrythomas
Sat Jan 05, 2019 9:26 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on placing REITs in Roth IRA?
Replies: 16
Views: 1803

Re: Thoughts on placing REITs in Roth IRA?

Yep. Its totally reasonable to hold REITs in a Roth IRA. But is it good to? If you are going to hold REITs and you are going to be holding index or tax managed funds in taxable and all your taxable bonds in either traditional or Roth accounts, it is good to hold the REITs in the Roth or Tradtional ...
by dharrythomas
Sat Jan 05, 2019 9:18 pm
Forum: Investing - Theory, News & General
Topic: 2019 Roth all at once or over time.
Replies: 19
Views: 1518

Re: 2019 Roth all at once or over time.

No one knows what is best for in particular timeframe, but in general since markets trend upward, you’re better off investing now.
by dharrythomas
Tue Jan 01, 2019 12:47 pm
Forum: Investing - Theory, News & General
Topic: The Intelligent Investor
Replies: 16
Views: 1441

Re: The Intelligent Investor

I love this book, but livesoft is correct. Graham by the end of his life, was moving towards recommending indexing. His most famous disciple recommends it for most people.
by dharrythomas
Tue Jan 01, 2019 10:18 am
Forum: Investing - Theory, News & General
Topic: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?
Replies: 160
Views: 8529

Re: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?

No. It will be around the end of January. It used to be in June, when I received a periodic payment, but that ended. I’ll wait to sell some Total World Stock until 30 days after the dividend. Then we’ll fund LifeStrategy Moderate Growth in our Roth accounts. Currently all new investment is in the TS...
by dharrythomas
Tue Jan 01, 2019 9:58 am
Forum: Investing - Theory, News & General
Topic: Odds on next trade are 50-50 Bernstein: Against the Gods
Replies: 32
Views: 2894

Re: Odds on next trade are 50-50 Bernstein: Against the Gods

I know some finance professors personally, and none believe in the random walk hypothesis; the momentum factor is too big to ignore. And none believe that the EMH is strictly accurate in any market either for that matter. The term "professor" carries no weight at all. Most of the time someone is a ...
by dharrythomas
Mon Dec 31, 2018 2:01 pm
Forum: Personal Investments
Topic: Roth IRA suggestion for 18 year old son
Replies: 9
Views: 416

Re: Roth IRA suggestion for 18 year old son

Kenkat wrote:
Mon Dec 31, 2018 11:23 am
My 19 year old is using Vanguard LifeStrategy Growth as a starting fund.
+1
by dharrythomas
Wed Dec 26, 2018 2:53 pm
Forum: Personal Investments
Topic: Thoughts on my retirement plans
Replies: 13
Views: 1966

Re: Thoughts on my retirement plans

There's another reason to delay SS, beyond the immediate rate of return. SS is indexed to inflation, while investment returns are not. So, even if your investment returns were 8%, delaying SS for another 8% return per year (indexed to inflation!) would still be the better choice. Delaying SS is not...
by dharrythomas
Sat Dec 22, 2018 9:48 pm
Forum: US Chapters
Topic: My Christmas Present To You
Replies: 108
Views: 11710

Re: My Christmas Present To You

Taylor, I was thinking about your WWII service and thinking that I needed to thank you. From a second generation paratrooper to one of the first, thank you for your sacrifice. Also thank you for your dedication to spreading the word about low cost index investing. You have been a consistent voice of...
by dharrythomas
Sun Dec 16, 2018 9:32 pm
Forum: Investing - Theory, News & General
Topic: Was Eliminating Investor Class Shares a Mistake?
Replies: 16
Views: 2743

Re: Was Eliminating Investor Class Shares a Mistake?

Young investors, who are bombarded with things like Robin hood, free trading, will gravitate to ETFs anyway. They can get same free trades from Vanguard or a handful of other places, and low cost commissions elsewhere. Also for some small investors, a life strategy, target date or other balanced fu...
by dharrythomas
Sat Dec 15, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 21374

Re: What Happened to you during the Financial crisis of 2007–2008

Scared us. We'd been in value so had fallen behind in the late 90s and made it up with the Tech crash. In2008, apparently everyone was on the edge of collapse except Warren Buffett and Jamie Diamond. Fought some with DW about accounts being down $100s of K. :annoyed Of course, we'd fought before abo...
by dharrythomas
Sat Dec 15, 2018 8:58 am
Forum: Investing - Theory, News & General
Topic: Buying the dividend
Replies: 18
Views: 1688

Re: Buying the dividend

Just bought total stock market on sale and forgot about the dividend. Can I still cancel the trade? It's only on sale now if it is near the bottom :twisted: and we may not know that for a while. So far it is about where it started the year. S&P in the 600s 8-9 years ago was on sale, there were more...
by dharrythomas
Sat Dec 15, 2018 6:47 am
Forum: Investing - Theory, News & General
Topic: vanguard annual fee
Replies: 4
Views: 857

Re: vanguard annuel fee

I haven't been there is a while, but as I remember it, this wasn't a transaction fee but a fee charged to the account quarterly.
by dharrythomas
Fri Dec 14, 2018 9:39 am
Forum: Investing - Theory, News & General
Topic: MLP's [Master Limited Partnership]
Replies: 26
Views: 1716

Re: MLP's [Master Limited Partnership]

Go back and read all the posts about Kinder-Morgan MLPs and until you fully understand how the MLP holders got screwed over. Kinder-Morgan is a very well run company. This is from memory. The MLPs were paying out a great deal and there were rumblings in the market that they were too generous. So whe...
by dharrythomas
Fri Nov 23, 2018 2:51 pm
Forum: Investing - Theory, News & General
Topic: "Investing" conversations at work
Replies: 32
Views: 4451

Re: "Investing" conversations at work

I provide very little input other than they should save at least enough to get the match and should consider increasing their rate as their salary increases.
by dharrythomas
Fri Nov 23, 2018 2:28 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17742

Re: Do you need to invest mostly in stocks to get rich?

Do you need to invest mostly in stocks to get rich? No, you need to save more than you spend to get rich. +1 It doesn't matter how much you you make or what you invest in, if you can't save a significant amount of you income and control debt, you can never be rich. Savings rate is much more importa...
by dharrythomas
Thu Nov 22, 2018 11:08 pm
Forum: Investing - Theory, News & General
Topic: Black Friday Sale on VTSAX [Vanguard Total Stock Market]
Replies: 7
Views: 3276

Re: Black Friday Sale on VTSAX [Vanguard Total Stock Market]

When considering real returns for the S&P 500 with dividends reinvested: History has shown that there have been some periods (1929, 1968, 2000), where it takes a (ahem) bit of time for the market to generate positive real returns. Like at least 15 years in the first two cases. Now that we are about...
by dharrythomas
Thu Nov 22, 2018 10:49 pm
Forum: Investing - Theory, News & General
Topic: Transfers Between Vanguard Accounts?
Replies: 10
Views: 2028

Re: Transfers Between Vanguard Accounts?

Yes, it is a pain but it is set up to protect from someone moving money in a joint account into an account titled in one name. It is doable but a multi-step process designed to protect the shareholder
by dharrythomas
Thu Nov 22, 2018 4:17 pm
Forum: Personal Investments
Topic: Investment strategy - timing issue
Replies: 23
Views: 1515

Re: Investment strategy - timing issue

The best time for you to have started investing was 10 years ago during the Grear Recession, when asset prices were down and no one wanted to invest because the world was coming to an end. The next best time to invest is now, even though markets feel high. There is always a reason not to invest. I g...
by dharrythomas
Thu Nov 22, 2018 4:06 pm
Forum: Personal Investments
Topic: Balancing long term vs. short horizon needs
Replies: 8
Views: 880

Re: Balancing long term vs. short horizon needs

Nobody here can really answer your question. Either of your options is reasonable. In general, time in the market is good and earlier is better because over time the matte usually goes up. So if you do it repeatedly over an extended period of time, in the past, in most cases being in the market woul...
by dharrythomas
Sat Nov 10, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: P/E Ratios - US vs International
Replies: 19
Views: 1563

Re: P/E Ratios - US vs International

What would be the purpose of such analysis? Would you attempt to determine how much to weight the two in an asset allocation? The 'problem' with using P/E ratios for this purpose, especially valuation metrics like CAPE, is that they are not reliably mean reverting. This is true of both individual s...
by dharrythomas
Fri Nov 09, 2018 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Help. They are removing index funds.
Replies: 56
Views: 4248

Re: 401k Removed Index Funds

Part of your problem is that in general, American Funds is a good fund family with a pretty good long term track record. These are not the old Fidelity Destiny Funds sold by First Command. Depending on plan expenses, this plan doesn't sound too bad. I've been in several plans where the options were ...
by dharrythomas
Fri Nov 09, 2018 4:52 pm
Forum: Personal Investments
Topic: Target Date vs 2 or 3 Fund Portfolio
Replies: 7
Views: 932

Re: Target Date vs 2 or 3 Fund Portfolio

We have nothing but Target Retirement (Lifecyle in the TSP) and LifeStrategy in our Traditional and Roth accounts. The less I do, the fewer times I'm tempted to fiddle with my account, and the better I do.
by dharrythomas
Fri Nov 09, 2018 4:36 pm
Forum: Investing - Theory, News & General
Topic: USAA getting out of mutual fund biz
Replies: 51
Views: 8464

Re: USAA getting out of mutual fund biz

We started investing with USAA years ago, but then they started market timid with their funds and raised their fees significantly so we moved to Vanguard. I think the last move was 2001. Still use them for banking and insurance. They've got the same problem with rapid expansion that Vanguard has had...
by dharrythomas
Fri Oct 19, 2018 3:15 pm
Forum: Personal Investments
Topic: What the heck to do with $2M windfall
Replies: 22
Views: 4319

Re: What the heck to do with $2M windfall

1) Pay off all your debt. 2) Double check the Insurance. 3) Put $1.5M with the $1.2 in your portfolio. If you have $2.7M and 2.5 decades, with a reasonably agressive asset allocation, you ought to be able to double the lump sum twice and have over $10M. Particularly if you plan on working for anothe...
by dharrythomas
Fri Oct 19, 2018 2:43 pm
Forum: Personal Investments
Topic: Investing in Roth IRA: Hitting mutual fund limits at the beginning
Replies: 16
Views: 1413

Re: Investing in Roth IRA: Hitting mutual fund limits at the beginning

If you don't like Target Retirement, LifeStrategy with a fixed asset allocation is a reasonable choice. If you want, you can pull it out and reconfigure in a few years. You might decide that you like the convienence of one fund. The sentiment above is right. Until you build your account balance thro...
by dharrythomas
Sun Oct 07, 2018 6:02 am
Forum: Investing - Theory, News & General
Topic: 2018 Bogleheads Conference Notes
Replies: 36
Views: 5887

Re: 2018 Bogleheads Conference Notes

Thank you for posting the presentations.