Search found 701 matches

by NoRoboGuy
Sat Apr 21, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 173
Views: 15551

Re: I’m still not a fan of international bond funds

I maintain my position of not holding any international bonds. On my website I do say that if you are planning to hold international bonds, I can only recommend the Vanguard one. I maintain that view today.
by NoRoboGuy
Sat Jan 27, 2018 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: How to determine your True AA%?
Replies: 8
Views: 828

Re: How to determine your True AA%?

btr wrote:
Sat Jan 27, 2018 2:06 pm
NoRoboGuy, looks like the Rutgers link is broken.
Thanks. Here is the current link for the Rutgers Risk Survey:

https://njaes.rutgers.edu/money/assessm ... e-quiz.pdf
by NoRoboGuy
Sat Jan 27, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: How to determine your True AA%?
Replies: 8
Views: 828

Re: How to determine your True AA%?

I wrote a blog post about those "risk surveys" that might help you...

http://noroboinvestor.com/risk/questionnaires/
by NoRoboGuy
Tue Jan 09, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: New Year new portfolio/plan and need your help
Replies: 4
Views: 565

Re: New Year new portfolio/plan and need your help

Sounds like you have a workable plan. The only suggestion I would have is to think more about whether continuing the backdoor Roth approach is a good idea going forward, versus just starting an after-tax account. The Roth approach is not "wrong" it is just an issue of tax diversification, and I do n...
by NoRoboGuy
Tue Jan 02, 2018 3:44 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to launch US 'smart beta' ETFs - Will this board burn down?
Replies: 156
Views: 19252

Re: Vanguard to launch US 'smart beta' ETFs - Will this board burn down?

In the end it is still noise even if it is Vanguard making it, and these tilts are not going to make a lot of difference. If you must, simply tilt to small and value factors.
by NoRoboGuy
Tue Jan 02, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Net Worth for Bonds
Replies: 3
Views: 445

Re: Net Worth for Bonds

Use market value for purposes of calculating net worth, because your net worth is based on disposable value. For illiquid securities, it is more complicated.
by NoRoboGuy
Fri Dec 15, 2017 7:42 pm
Forum: Personal Consumer Issues
Topic: Best albums of 2017
Replies: 15
Views: 2216

Re: Best albums of 2017

TylerS7 wrote:
Tue Nov 14, 2017 5:08 pm
The War on Drugs - A Deeper Understanding

Future Islands - The Far Field

Arcade Fire - Everything Now

Grizzly Bear - Painted Ruins

Fleet Foxes - Crack-Up

The National- Sleep Well Beast

Wolf Parade - Cry Cry Cry
YES, this: Grizzly Bear - Painted Ruins - just outstanding!
by NoRoboGuy
Fri Dec 15, 2017 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: PLEASE HELP: Setting up new individual 401k
Replies: 13
Views: 884

Re: PLEASE HELP: Setting up new individual 401k

It is hard to help without more information about your knowledge of investing. Have you read the wiki, starting with...
https://www.bogleheads.org/wiki/Getting_started

..and then the best way to ask questions on this thread...
viewtopic.php?f=1&t=6212
by NoRoboGuy
Wed Sep 27, 2017 6:18 pm
Forum: Investing - Theory, News & General
Topic: REITs as "pseudo diversification"
Replies: 44
Views: 4696

Re: REITs as "pseudo diversification"

The correlation between REITs and the TSM varies a great deal. However, over long periods of time, overweighting REITs (in tax-advantaged accounts, of course) has improved returns and reduced volatility of the portfolio. I have always argued that if you are a long-term investor willing to tilt, REIT...
by NoRoboGuy
Fri Apr 21, 2017 6:04 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 49304

Re: Larry Swedroe says "Goodby."

Larry, please remember your insight is valued by the vast majority of Bogleheads and your wisdom and perspective on this site will be sorely missed with your departure. We will continue to promote your articles and books here even if you are not directly participating. Thank you Larry for all of you...
by NoRoboGuy
Wed Dec 28, 2016 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Hedge against not owning a Home
Replies: 16
Views: 2474

Re: Hedge against not owning a Home

Agree it is a good idea to view home ownership as a place to live rather than an investment. Certainly, it is calculated in your net worth and there are tax considerations involved. Investment in REITs is unrelated to home ownership status. While I have heard suggestions that homeowners should not "...
by NoRoboGuy
Wed Dec 28, 2016 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing appropriate tax advantaged vehicles.
Replies: 3
Views: 580

Re: Choosing appropriate tax advantaged vehicles.

The general benefit for using the Roth is that you can pay the taxes up front at a lower rate and you expect to take it out tax free when you will have a higher rate. Of course it helps to know what you are saving the money for in the first place...
by NoRoboGuy
Wed Dec 28, 2016 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Minor's inheritance - UGMA? UGMT?
Replies: 6
Views: 478

Re: Minor's inheritance - UGMA? UGMT?

How old are your children? How many years until the money is to be spent?
by NoRoboGuy
Mon Dec 12, 2016 10:30 am
Forum: Investing - Theory, News & General
Topic: Vanguard's 2017 Economic and Market Outlook
Replies: 12
Views: 2889

Re: Vanguard 2017 Market Outlook

Thanks Mel - interesting read. Looks like Vanguard is anticipating a continuation of "gradual" monetary tightening globally, and that, while risk premiums are not really out of line, return expectations need to be lowered.
by NoRoboGuy
Wed Jun 01, 2016 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: TSP share prices for Quicken
Replies: 87
Views: 18393

Re: TSP share prices for Quicken

For some reason my Excel will no longer open files from this site. Apparently it says the certificate expired? Excel is right, the certificate has expired. It was free with the domain name, but I don't need it myself, so I'm reluctant to renew. If you're unable (or do not want) to override Excel an...
by NoRoboGuy
Sat May 28, 2016 8:29 am
Forum: Investing - Help with Personal Investments
Topic: TSP share prices for Quicken
Replies: 87
Views: 18393

Re: TSP share prices for Quicken

For some reason my Excel will no longer open files from this site. Apparently it says the certificate expired?

https://www.likhite.net/scrape/tspQuicken.csv
by NoRoboGuy
Mon May 23, 2016 11:16 am
Forum: Investing - Theory, News & General
Topic: Investing for non profit - Making presentation what to recommend ?
Replies: 2
Views: 406

Re: Investing for non profit - Making presentation what to recommend ?

Address the low interest rate environment
Then address inflation risk
Then address the need for a low amount of equity exposure to limit the inflation risk, like 20% allocation to a low-expense total market index fund
by NoRoboGuy
Wed Feb 24, 2016 10:27 am
Forum: Investing - Theory, News & General
Topic: The impact of HFTs on the market, quality and liquidity
Replies: 5
Views: 731

Re: The impact of HFTs on the market, quality and liquidity

He is saying that HFTs benefit patient investors because they narrow bid/ask spreads, and they hurt active institutional investors who wish to move large blocks in a hurry.
by NoRoboGuy
Fri Feb 05, 2016 11:48 am
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 16915

Re: What is your favorite Financial Quote or Metaphor??

Besides my sig: ...you don’t need to hand over your financial assets to a Robo or other advisor for permanent babysitting. Yes, you need to have a plan. You might even decide to pay someone to help you build it. But, if it is actually a good one, then you should not need ongoing asset management ser...
by NoRoboGuy
Fri Jan 22, 2016 11:43 am
Forum: Investing - Theory, News & General
Topic: Why are Robo-Advisor portfolios so aggressive?
Replies: 47
Views: 5765

Re: Why are Robo-Advisor portfolios so aggressive?

The robo-advisors allow people to adjust their risk tolerances on the fly. It's well known that people become more risk tolerant five years into a bull market, and less so immediately after a major correction. To accurately determine someone risk tolerance, a lengthy conversion with a human is more...
by NoRoboGuy
Fri Jan 22, 2016 11:35 am
Forum: Investing - Help with Personal Investments
Topic: New 401k, need input on AA
Replies: 5
Views: 528

Re: New 401k, need input on AA

I don't see all of the expense ratios, but you can certainly do international with a Vanguard choice...just a matter of selecting the ratio of foreign to domestic. You also have a small cap fund, so you can replicate the total US stock market. You did not mention bonds. Do you have another tax-advan...
by NoRoboGuy
Tue Jan 05, 2016 7:10 pm
Forum: Investing - Theory, News & General
Topic: Why are Robo-Advisor portfolios so aggressive?
Replies: 47
Views: 5765

Re: Why are Robo-Advisor portfolios so aggressive?

There is not a problem with robo advisors per se...if you are looking for active management. The slice and dice allocations are bets based on algorithms of what the advisor believes will give investors the best risk adjusted performance. More importantly, the marketing is there to show they are "doi...
by NoRoboGuy
Thu Dec 31, 2015 4:19 pm
Forum: Investing - Theory, News & General
Topic: Teaching Family the Bogle Way
Replies: 29
Views: 3305

Re: Teaching Family the Bogle Way

I have the same problem with my wife and my siblings. Not much you can do. For my wife, I wrote a simple letter of instruction she can read when I am dead. For others, I say nothing and they already know I am an indexer. If they ask me a question, I answer it. I would suggest a 'take it slow' approa...
by NoRoboGuy
Tue Dec 29, 2015 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund or Guaranteed 3%
Replies: 20
Views: 2613

Re: Bond Fund or Guaranteed 3%

Interesting place - http://www.myconsumers.org/personal/checking/free-rewards-checking.html with several monthly reqs to receive your 3% or 5% "reward" for spending money with your Debit Card. For 3%, you need to login online once/month and use the debit card 12x/month. We split up groceries at the...
by NoRoboGuy
Tue Dec 29, 2015 11:32 am
Forum: Investing - Theory, News & General
Topic: Why Correlation Doesn’t Matter Much
Replies: 52
Views: 6228

Re: Why Correlation Doesn’t Matter Much

Another factor that affects the correlation between equities and fixed assets is their respective variations. Correlation between two variables cannot be high in one direction or the other if one of the variables does not move. In this case, equities vary much more than fixed assets. So equity sect...
by NoRoboGuy
Tue Dec 29, 2015 10:56 am
Forum: Investing - Help with Personal Investments
Topic: vwehx [Vanguard Hi-Yield Corporate Fund]
Replies: 52
Views: 5157

Re: vwehx [Vanguard Hi-Yield Corporate Fund]

How are you considering the role of that cash position in the portfolio? If you are retired, can we assume part of the cash is for current expenses or for emergencies?
by NoRoboGuy
Mon Dec 28, 2015 2:24 pm
Forum: Investing - Theory, News & General
Topic: Buy Like Bogle: 7 Essential Lessons from Jack Bogle
Replies: 12
Views: 3197

Re: Buy Like Bogle: 7 Essential Lessons from Jack Bogle

Great post. Thanks, Mel! Jack has been such a trustworthy voice for small investors. His wisdom has for decades given investors the confidence to do it on their own without needing "professional" help, against huge marketing campaigns to the contrary. For that alone, we owe Jack a great debt of grat...
by NoRoboGuy
Sun Dec 27, 2015 7:31 pm
Forum: Investing - Theory, News & General
Topic: Allocating Funds to Asset Classes based on Valuations
Replies: 8
Views: 874

Re: Allocating Funds to Asset Classes based on Valuations

Setting a fixed ratio for these slices is a step taken regardless of perceived valuation differences. Asset groups can stay over or under-valued for long periods. When setting the amounts for each slice, I know going in that some time in the future it will become evident and that some will have been...
by NoRoboGuy
Thu Dec 17, 2015 9:44 pm
Forum: Investing - Theory, News & General
Topic: Fortune article on robo advisors
Replies: 5
Views: 827

Re: Fortune article on robo advisors

If the primary attraction for millennials to start equity investing is getting a "user-friendly app" or some other instant gratification, then they have got much bigger problems than financial industry marketing...and that is all this article is really about.
by NoRoboGuy
Tue Dec 15, 2015 6:46 am
Forum: Investing - Theory, News & General
Topic: "Winning the Game"
Replies: 46
Views: 7309

Re: "Winning the Game"

To me it's when you have sufficient financial assets to meet all of your needs (as opposed to desires). Of course everyone's definition of needs are different In today's environment if you are 65 or younger and have 33x your annual spending needs (3% withdrawal rate) then you have "won the game" an...
by NoRoboGuy
Sun Dec 13, 2015 6:27 pm
Forum: Investing - Theory, News & General
Topic: Should I follow Jack Bogle in "I don't do International"
Replies: 90
Views: 10734

Re: Should I follow Jack Bogle in "I don't do International"

There are already many threads and polls here on this subject. Many, but not all Bogleheads include international within their stock allocation. Diversification is one of the few "free lunches" in investing, and international provides it.
by NoRoboGuy
Wed Dec 09, 2015 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: USAA vs Vanguard
Replies: 67
Views: 11903

Re: USAA vs Vanguard

USAA is great for insurance and checking accounts, but savings rates are better at Ally, and mutual fund investments are far better at Vanguard due to much lower costs and a larger selection. Broad based Index Funds, or an all in one combination, (Target Retirement) are the best. +1 For savings, Am...
by NoRoboGuy
Wed Dec 09, 2015 11:44 am
Forum: Investing - Theory, News & General
Topic: Wade Pfau on Reverse Mortgages
Replies: 41
Views: 5561

Re: Wade Pfau on Reverse Mortgages

I can see how a RM might be a good alternative, but for many with decent equity, it may be a better option just to view one's home as a portfolio's "insurance policy," only to be cashed in for a SPIA when necessary, and by selling the home, then renting. For some, they can rent for just what they we...
by NoRoboGuy
Tue Dec 08, 2015 4:47 pm
Forum: Investing - Theory, News & General
Topic: If you could have only one fund, what would it be?
Replies: 154
Views: 38719

Re: If you could have only one fund, what would it be?

TimeRunner wrote:I must have missed the part about why you can only have one fund.
The OP did not say, but I see a time when I am gone, and I want my wife to easily manage a tax-advantaged portfolio.
by NoRoboGuy
Tue Dec 08, 2015 9:36 am
Forum: Investing - Theory, News & General
Topic: If you could have only one fund, what would it be?
Replies: 154
Views: 38719

Re: If you could have only one fund, what would it be?

Vanguard LifeStrategy Conservative Growth Fund (VSCGX). The LifeStrategy Funds are a series of broadly diversified, low-cost funds with an all-index, fixed allocation approach that provides a complete portfolio in a single fund. Acquired fund fees and expenses as of 02/26/2015 = 0.15% The fund holds...
by NoRoboGuy
Thu Dec 03, 2015 2:08 pm
Forum: Investing - Theory, News & General
Topic: To Tilt or Not to Tilt - Rick Ferri's Latest
Replies: 88
Views: 13265

Re: To Tilt or Not to Tilt - Rick Ferri's Latest

Also, what about the bid/ask spread and discount/premium based on trading? While for major ETFs that may be small, it is non-existent with mutual funds, and for some ETFs that is a very significant concern.
by NoRoboGuy
Wed Dec 02, 2015 11:58 am
Forum: Investing - Theory, News & General
Topic: Bloomberg Article [Vanguard’s Gain Is Wall Street’s Pain]
Replies: 30
Views: 3719

Re: Vanguard's Gain_Wall Streets Pain - article

I guess the question now is how long until the following will happen, will it be in our lifetime, 10 years, 20 years etc. If the balance of power were to shift firmly in passive's favor, one might expect extra opportunities for stock- and bond-picking active managers to emerge, since there would be...
by NoRoboGuy
Tue Dec 01, 2015 1:39 pm
Forum: Investing - Theory, News & General
Topic: LT Corp Bonds as part of one's AA
Replies: 30
Views: 3856

Re: LT Corp Bonds as part of one's AA

I'm still trying to get my head around the way bond prices behave, which of them make the best diversifiers, and whether I should care about the NAV of bond funds if I'm a buy, hold, and rebalance boglehead. With that said the numbers above raise a big question: why are LT government bonds more vol...
by NoRoboGuy
Mon Nov 30, 2015 2:50 pm
Forum: Investing - Theory, News & General
Topic: What is the Impact of US Dollar No Longer Being the Standard
Replies: 33
Views: 5218

Re: What is the Impact of US Dollar No Longer Being the Standard

This just in... China’s Renminbi Is Approved by I.M.F. as a Main World Currency The International Monetary Fund on Monday designated the Chinese renminbi as one of the world’s elite currencies, a major milestone that underscores the country’s rising financial and economic heft. The decision will hel...
by NoRoboGuy
Sat Nov 28, 2015 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Following the Bogleherd … scary!
Replies: 37
Views: 5156

Re: Following the Bogleherd … scary!

No I am not "scared," if by referring to Bogleheads, you are attributing to them a "herd mentality." The group has a set of principles that are based on a sound foundation. While there are "many roads to Dublin," I find that the wonderful people who volunteer their time to help others on this forum ...
by NoRoboGuy
Tue Nov 24, 2015 12:08 pm
Forum: Investing - Theory, News & General
Topic: Slicing, Dicing, Tilting, Factoring, etc-ing -- my take
Replies: 100
Views: 11506

Re: Slicing, Dicing, Tilting, Factoring, etc-ing -- my take

Bertilak, great post and I very much appreciate the motivation to keep it simple with a 3 or 4 fund approach. While I do not advocate slice and dice, I am OK with tilting against core holdings of index funds, depending on the individual circumstances. While I agree with Larry that cost isn't everyth...
by NoRoboGuy
Thu Nov 19, 2015 3:41 pm
Forum: Investing - Theory, News & General
Topic: How Do You Ignore the Noise?
Replies: 51
Views: 5784

How Do You Ignore the Noise?

I wish we still had surveys because this would be good one. What strategies do you use to ignore the noise? Here are mine: How to Tune Out the Noise of Financial Markets The fastest way to investment failure is listening to the siren song of the financial markets to “do something.” Here are four str...
by NoRoboGuy
Fri Nov 13, 2015 1:17 pm
Forum: Investing - Theory, News & General
Topic: Schwab's new REIT fund
Replies: 11
Views: 1780

Re: Schwab's new REIT fund - 0.13% ER

Why do you need REIT exposure to begin with, beyond what's included in the total stock market funds? If you want to overweight REITS, you're already deviating from cap weightings, so whether to include international or not depends on your motives. That being said, even a fundamental fund should pro...
by NoRoboGuy
Fri Oct 30, 2015 7:48 am
Forum: Investing - Theory, News & General
Topic: update on Mr. Bogle`s investment thoughts
Replies: 37
Views: 5736

Re: update on Mr. Bogle`s investment thoughts

...my question is simply whether a difference of 0.11% is not worth the additional diversification benefit from international. For me, the answer is obvious. There are costs not included in the expense ratio, the big one being foreign tax withholding - some may be able to get a tax credit for any f...
by NoRoboGuy
Fri Oct 30, 2015 6:32 am
Forum: Investing - Theory, News & General
Topic: update on Mr. Bogle`s investment thoughts
Replies: 37
Views: 5736

Re: update on Mr. Bogle`s investment thoughts

While I have the greatest respect for Mr. Bogle, I simply do not know whether US stocks are better to the exclusion of a global portfolio, particularly when the cost difference (in terms of fund expenses) is so little: Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) Expense rati...
by NoRoboGuy
Tue Oct 27, 2015 10:10 am
Forum: Investing - Theory, News & General
Topic: How much International Exposure?
Replies: 56
Views: 7638

Re: How much International Exposure?

Vanguard has in the past offered to send me a copy of their research report wherein they concluded 40% int'l equities is recommended, but I've yet to actually see it. I am interested to know what sort of data sample they used, so I can form my own opinion of the strength of their recommendation, bu...
by NoRoboGuy
Fri Oct 23, 2015 3:28 pm
Forum: Investing - Theory, News & General
Topic: Peanut returns [why not try stock picking?]
Replies: 61
Views: 8027

Re: Peanut returns

Oh. I thought this was about Charlie Brown's portfolio...good grief! :oops:
by NoRoboGuy
Fri Oct 23, 2015 3:07 pm
Forum: Investing - Theory, News & General
Topic: Visualizing TSP Returns? [Thrift Savings Plan]
Replies: 8
Views: 1347

Re: Visualizing TSP Returns? [Thrift Savings Plan]

Hi all. I'm playing around with the portfolio visualizer backtester linked in another thread and it's pretty cool. (https://www.portfoliovisualizer.com/backtest-asset-class-allocation) Anyone know of a way to visualize the returns of the TSP Funds compared to other, non-TSP mutual funds? The TSPs d...
by NoRoboGuy
Fri Oct 23, 2015 11:18 am
Forum: Investing - Theory, News & General
Topic: "Bogle: Tough Decade Ahead for Equity Investors"
Replies: 135
Views: 18027

Re: "Bogle: Tough Decade Ahead for Equity Investors"

Regarding Mr. Bogle's "prediction"... There is a big difference between speaking of the implications of stock valuations versus making a prediction on the direction of stocks. Bogle, in his book "Bogle on Mutual Funds" looked at all 10-year periods starting in 1926, and found all stock market return...
by NoRoboGuy
Tue Oct 13, 2015 1:33 pm
Forum: Investing - Theory, News & General
Topic: SEC Proposes Liquidity Management Rules For Mutual Funds
Replies: 30
Views: 3016

Re: SEC Proposes Liquidity Management Rules For Mutual Funds

I am surprised no one is talking about the elephant in the room: bond funds. By definition the securities are far more illiquid than stocks. Regarding stock pricing, what is wrong with providing more transparency on the number of illiquid holdings in the portfolio, and how do risk management practi...