Search found 35753 matches

by nisiprius
Mon Sep 24, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: squeaky lock and hard to turn key
Replies: 18
Views: 934

Re: squeaky lock and hard to turn key

I had tried the rubbing the key with a pencil trick and it hadn't made much difference. But when I tried it again later, so far it seems to now work normally. Thanks everyone. Pencil lead is a mixture of graphite and clay. The soft pencils used to mark answers on mark-sense test sheets, that make m...
by nisiprius
Mon Sep 24, 2018 3:48 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Factors Persist In Emerging Markets
Replies: 26
Views: 1605

Re: Larry Swedroe: Factors Persist In Emerging Markets

In 1998 and 2005, Larry Swedroe published a set of model portfolios in The Only Guide to a Winning Investment Strategy You'll Ever Need: The Way Smart Money Invests Today . They show international allocations to "large," "large value," "small," and "emerging markets." If, instead of "emerging market...
by nisiprius
Mon Sep 24, 2018 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap tilt
Replies: 86
Views: 5432

Re: Small cap tilt

I see many convincing graphs telling that SCV is drastically outperforming the S&P/TSM since the dawn of man, but I'm having trouble seeing past SCV underperforming TSM in 1-year, 3-year, 5-year returns. SVC is beating TSM in 10-year performance by ~18 bps. Not convincing in my mind. I'll be over h...
by nisiprius
Mon Sep 24, 2018 2:04 pm
Forum: Investing - Theory, News & General
Topic: Are Government Back Bonds or FDIC Insured accounts more at risk of Default?
Replies: 23
Views: 1006

Re: Are Government Back Bonds or FDIC Insured accounts more at risk of Default?

I don't think it's possible to make any sensible assessment of this. For either one to happen, the United States would have to be in a financial crisis worse than any yet experienced. The chances of this happening might not be all that small, but since it would be unprecedented there is no experienc...
by nisiprius
Mon Sep 24, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Small cap tilt
Replies: 86
Views: 5432

Re: Small cap tilt

...On the topic of the pre-1981 returns, I'm curious about the use of the NYSE fifth quintile... I'm not sure how it bears on the question, but the CRSP "deciles" are weird . They are not at all what I might have and they have an involved definitions that has always sounded arbitrary to me. Oddly e...
by nisiprius
Mon Sep 24, 2018 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Preparing for My First Recession?
Replies: 39
Views: 3073

Re: Preparing for My First Recession?

You should always be prepared for a recession. And you should always be prepared for stock market crash (they are not really the same thing.) I believe that the equity risk premium only exists because there really is a risk. If there were a simple way to avoid the risk, everyone would use it, there ...
by nisiprius
Mon Sep 24, 2018 8:55 am
Forum: Investing - Theory, News & General
Topic: Are target funds off-target?
Replies: 22
Views: 1517

Re: Are target funds off-target?

...1) First, target-date funds make it difficult to know what you own... First, that's not a bug, that's a feature. That is to say, people using all-in-one funds are more likely to be looking at the performance of their portfolio as a whole, and not overreacting to recency (e.g. not piling into eme...
by nisiprius
Mon Sep 24, 2018 8:44 am
Forum: Investing - Theory, News & General
Topic: Siegel: 'stocks are overvalued on a long-term basis, but bonds are enormously overvalued on a long-term basis'
Replies: 36
Views: 3267

Re: Siegel: 'stocks are overvalued on a long-term basis, but bonds are enormously overvalued on a long-term basis'

In 2017, according to ICI, only 13% of U.S. stocks were held in index funds. Even if you assume that all of those used to have 1% expense ratios and now they all have 0% expense ratios, then that would only represent an 0.13% difference in costs, and only offset an 0.13%/year effect on CAPE. but th...
by nisiprius
Mon Sep 24, 2018 8:37 am
Forum: Investing - Theory, News & General
Topic: Siegel: 'stocks are overvalued on a long-term basis, but bonds are enormously overvalued on a long-term basis'
Replies: 36
Views: 3267

Re: Siegel: 'stocks are overvalued on a long-term basis, but bonds are enormously overvalued on a long-term basis'

I wonder if that includes ETFs? Whoops, meant to post the actual source and chart. Yes, it does. The Investment Company Institute represents all investment companies and usually does include them. (It wouldn't actually matter much anyway because contrary to popular belief ETFs still collectively ho...
by nisiprius
Mon Sep 24, 2018 7:35 am
Forum: Investing - Theory, News & General
Topic: Siegel: 'stocks are overvalued on a long-term basis, but bonds are enormously overvalued on a long-term basis'
Replies: 36
Views: 3267

Re: Siegel: 'stocks are overvalued on a long-term basis, but bonds are enormously overvalued on a long-term basis'

- The CAPE ratio might be permanently higher due to indexing lowering costs for investors (an interesting argument that I had not heard of before) ...interesting point. I thought that the potential effect of indexing on CAPE was the most interesting part of the piece because it's new for me...[/quo...
by nisiprius
Mon Sep 24, 2018 6:19 am
Forum: Investing - Theory, News & General
Topic: Siegel: 'stocks are overvalued on a long-term basis, but bonds are enormously overvalued on a long-term basis'
Replies: 36
Views: 3267

Re: Siegel: 'stocks are overvalued on a long-term basis, but bonds are enormously overvalued on a long-term basis'

Let's assume that Siegel can see the future and that it is true that "bonds are enormously overvalued on a long-term basis." "Overvalued" implies that you are buying and selling in the market. The Treasury's yield curve page is currently showing a 3.07% yield for the ten-year Treasury. If you buy a ...
by nisiprius
Sun Sep 23, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap tilt
Replies: 86
Views: 5432

Re: Small cap tilt

... I think this is quite possibly the result of data mining by Siegel. ... (From the appendix in "Stocks For the Long Run") https://i.postimg.cc/9fJTbcpT/Untitled.png Well, one problem might be using Russell 2000 instead of alternatives. The index has many critics, and doing backtesting it has zer...
by nisiprius
Sun Sep 23, 2018 2:10 pm
Forum: Personal Consumer Issues
Topic: squeaky lock and hard to turn key
Replies: 18
Views: 934

Re: squeaky lock and hard to turn key

So far, I've never had a lock that didn't respond beautifully to just squirting stuff in the keyhole and working the key a few times. And the "treatment" lasts years. As to what kind of stuff, I don't believe it matters. I've used powdered graphite (it's powdered so fine it will sort of blow in, but...
by nisiprius
Sun Sep 23, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Small cap tilt
Replies: 86
Views: 5432

Re: Small cap tilt

With regard to Siegel's small caps and 1975-1983, I've been doing some poking around in the data myself, nothing I want to show yet, and might not get it finished, but I'm now inclining to the view that vineviz is right. I think this is quite possibly the result of data mining by Siegel. The issue i...
by nisiprius
Sun Sep 23, 2018 9:42 am
Forum: Investing - Help with Personal Investments
Topic: I-savings bonds: To do or not to do
Replies: 10
Views: 1451

Re: I-savings bonds: To do or not to do

With regard to Treasury bonds or municipal bonds, you're missing the great big thing: series I savings bonds have no interest rate risk . They are not marketable, they are not sold on the market, and the prevailing interest rate does not enter into calculating their redemption value. If interest rat...
by nisiprius
Sun Sep 23, 2018 5:58 am
Forum: Investing - Help with Personal Investments
Topic: I-savings bonds: To do or not to do
Replies: 10
Views: 1451

Re: I-savings bonds: To do or not to do

The only "hard" delay is the initial year. You can redeem them as soon as one year after purchase. The penalty for redemption is only three months' interest, so even after one year you have not lost money. I almost ignore the penalty in my thinking. The tables at eyebonds.info are very useful. They ...
by nisiprius
Sat Sep 22, 2018 9:29 pm
Forum: Personal Consumer Issues
Topic: Fidelity cobrowser??
Replies: 34
Views: 2386

Re: Fidelity cobrowser??

...One of my favorites, from way, way back in the mainframe days, involved the FORTRAN compiler provided with Scientific Data Systems' Sigma 7 mainframe. In FORTRAN, one can use a statement of the form "GO TO xxxx", where "xxxx" is a line number attached to another point in the program, to alter fl...
by nisiprius
Sat Sep 22, 2018 8:31 pm
Forum: Personal Consumer Issues
Topic: Can salt water kill weeds permanently?
Replies: 18
Views: 2775

Re: Can salt water kill weeds permanently?

Our patio is made of flat square stones on a gravel bed. Grass started to grow through the gravel and between the stones. My wife has been keeping it under control successfully by using a weed sprayer to spray vinegar on the places where the grass had been growing through. She says that boiling wate...
by nisiprius
Sat Sep 22, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap tilt
Replies: 86
Views: 5432

Re: Small cap tilt

Here's a link to the Fund Performance page, in case you want to play with different dates etc.: https://www.portfoliovisualizer.com/fund-performance?s=y&symbol=SCFUNDS&benchmark=VFINX&startDate=1%2F1%2F1992&endDate=09%2F21%2F2018 PortfolioVisualizer links don't preserve custom portfolios or assets....
by nisiprius
Sat Sep 22, 2018 12:25 pm
Forum: Investing - Theory, News & General
Topic: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?
Replies: 70
Views: 3675

Re: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?

...None of what you listed sounds that appealing. No control. No cash flow. No inflation-hedging leverage. Takes too long to achieve FI with the 4% rule. Mediocre tax treatment. I don't want liquidity - too much liquidity and people start making stupid decisions (human emotion)... Different strokes...
by nisiprius
Sat Sep 22, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: Matter-scatter sidebar: sequence of returns in accumulation
Replies: 5
Views: 596

Matter-scatter sidebar: sequence of returns in accumulation

Part 1: Introduction , Appendix: Methodology. Brief notes: 1) In these Monte Carlo simulations, the return for a given month is varied by randomly choosing the actual historical return or the actual historic return for an adjacent month. 2) They show the final value from $100 monthly contributions ...
by nisiprius
Sat Sep 22, 2018 6:51 am
Forum: Investing - Theory, News & General
Topic: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?
Replies: 70
Views: 3675

Re: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?

...The asset classes couldn't be any more different... Agreed. ...You can't do anything with stocks that you can do with real estate... Aw, c'mon. Statements that seem to assert that one investment or the other is simply "better" than the other aren't worth making or reading. But, rising to the bai...
by nisiprius
Fri Sep 21, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: SPY + VB = VTI ?
Replies: 5
Views: 263

Re: SPY + VB = VTI ?

The obvious suggestion would be an "extended market index" or "completion index" fund or ETF. The Vanguard mutual fund, VEXMX, and its ETF counterpart, VXF are examples of such funds. They invest in the total market, cap-weighted, after removing the stocks in the S&P 500. An allocation of about 80% ...
by nisiprius
Fri Sep 21, 2018 10:43 am
Forum: Investing - Theory, News & General
Topic: S&P sectors are changing
Replies: 8
Views: 651

Re: S&P sectors are changing

And yet it is a common misunderstanding. The financial press reported in 2017, when they decided to elevate REITs into their own sector, that changes in the sector percentages within in the S&P index were going to cause problems for S&P 500 index funds . The real question is why anybody would change...
by nisiprius
Fri Sep 21, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 37
Views: 7347

Re: Im going to die somewhere between Bankruptcy and $20 million

It's telling you the truth. The variability of financial asset returns is just that big. To be sure, you probably should not be looking at the actual extreme cases--you don't say if you are looking at the literal entire range shown by the simulations; usually they will show something like the 10% an...
by nisiprius
Thu Sep 20, 2018 10:16 pm
Forum: Investing - Theory, News & General
Topic: Are We Headed For A Passive Index Meltdown?
Replies: 58
Views: 8565

Re: Are We Headed For A Passive Index Meltdown?

The sole argument against active investing is as follows: after fees, passive always beats active. It is a necessary corollary, therefore, that before fees, active investors do as well, if not better, than passive. Therefore, if you do the active investing yourself, you will do exactly the same, if...
by nisiprius
Thu Sep 20, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Android podcast app that remembers where you are in podcast?
Replies: 15
Views: 575

Re: Android podcast app that remembers where you are in podcast?

I gave up on Pocket Casts because my smartphone is borderline on storage, and there is either a bug in Pocket Casts or in Android or both. For reasons I was never able to determine, despite configuring Pocket Casts to store podcasts on my SD card, and despite my seeing all the podcast .mp3 files on ...
by nisiprius
Thu Sep 20, 2018 6:45 pm
Forum: Investing - Theory, News & General
Topic: New [Vanguard] environmental, social, governance (ESG) ETFs
Replies: 25
Views: 1714

Re: New [Vanguard] environmental, social, governance (ESG) ETFs

Only such fund I've heard of is VICEX, which of course is not a low-cost index fund or ETF. ETFdb suggests these ETF Alternatives to VICEX SPY SPDR S&P 500 ETF IVV iShares Core S&P 500 ETF VOO Vanguard S&P 500 ETF SPDN Direxion Daily S&P 500 Bear 1x Shares Those all look to me like first-rate altern...
by nisiprius
Thu Sep 20, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: Are We Headed For A Passive Index Meltdown?
Replies: 58
Views: 8565

Re: Are We Headed For A Passive Index Meltdown?

His particular example of a specific problem involving index investing is: remember what happened to small-cap gold stocks last year when the massive VanEck Vectors Junior Gold Miners ETF (GDXJ) was forced to restructure its portfolio? They were knocked down despite having incredible fundamentals. N...
by nisiprius
Thu Sep 20, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: Matter/scatter, part 9. Small-cap value and the "ten-fund portfolio."
Replies: 10
Views: 1061

Re: Matter/scatter, part 9. Small-cap value and the "ten-fund portfolio."

International wasn’t removed from the 10 funder though. It still contains emerging. At 6% or so it shouldn’t make a huge difference, but EM is volatile! :oops: That's what comes of not being familiar with DFA ticker symbols. Try this. I'm correcting my earlier post. Portfolio 1 (Green) VFINX Vangua...
by nisiprius
Thu Sep 20, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 136
Views: 7703

Re: Physical Banking - Any benefits anymore?

The medallion signature guarantee is the big one. The need for one pops up unexpectedly, and often rather urgently. ...I opened an account at local banks twice solely for Medallion service... That's interesting. How long did you have to have the account before they would give you the medallion signa...
by nisiprius
Thu Sep 20, 2018 6:03 am
Forum: Investing - Theory, News & General
Topic: Robert Shiller interview: "Market could get a lot higher"
Replies: 28
Views: 4476

Re: Robert Shiller interview: "Market could get a lot higher"

...Sounds about right... they guys that predicted 2008... also followed up and have said the DOW is going to 36,000 ... we have some room to run and a few more years so I'd say it is tracking to those predictions... See if you can find names, I'm really curious to read the actual words of someone, ...
by nisiprius
Wed Sep 19, 2018 9:04 pm
Forum: Investing - Theory, News & General
Topic: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?
Replies: 70
Views: 3675

Re: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?

Housing prices for not quite 400 years, in Herengracht, a residential district of Amsterdam. Alas, I haven't been able to find out what happened after 2008. Doubling from 1628 to 2008 = an average real return of +0.52% / year (CAGR) Incidentally, notice that money invested in 1803 suffered about a -...
by nisiprius
Wed Sep 19, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: HELOC as a bonds replacement for drawing down from in a downturn?
Replies: 36
Views: 2137

Re: HELOC as a bonds replacement for drawing down from in a downturn?

Check what happened to people with HELOCs during the financial crisis. Debt is not the same thing as money. Lines of credit are only available when a bank has money available that it wants to lend . And when is that? Good times, when, in your scenario, you don't need the loan. They are not guarantee...
by nisiprius
Wed Sep 19, 2018 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: What is the risk in buying Purchased Money Funds?
Replies: 4
Views: 419

Re: What is the risk in buying Purchased Money Funds?

Yes, it's interesting. To my mind, money market funds were "conceived in sin" because they were patently an attempt to provide a banking service without being subject to banking regulations. The safety of bank accounts is backed by the FDIC, and it's not an empty promise. The FDIC bales out deposito...
by nisiprius
Wed Sep 19, 2018 4:55 pm
Forum: Investing - Theory, News & General
Topic: Matter/scatter, part 9. Small-cap value and the "ten-fund portfolio."
Replies: 10
Views: 1061

Re: Matter/scatter, part 9. Small-cap value and the "ten-fund portfolio."

Perhaps the following question was answered by you in another matter scatter post, but ... It seems that there is no free lunch in that all the portfolios with a higher average performance have a higher standard deviation. If one adjusts the equity:bond asset allocation to get the same standard dev...
by nisiprius
Wed Sep 19, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: any opinions of this fund? Vanguard Dividend Growth (VDIGX)
Replies: 15
Views: 1181

Re: any opinions of this fund? Vanguard Dividend Growth (VDIGX)

...It's important to note that the Dividend Growth strategy didn't begin until some time in the early 2000's. This was the Vanguard Utilities Fund before that... :oops: Oops. Effective December 6, 2002, the fund changed its investment objective and concentration policy. Prior to making these modifi...
by nisiprius
Wed Sep 19, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3895

Re: “Majority of working-age Americans have no retirement savings”

So where do all these retired people that I see all over the US come from? I suspect people do not tell pollsters the truth about their savings. +1 Why in the world would I want to reveal my financial status to a government agency? You don't have to. Since all of your bank and investment accounts a...
by nisiprius
Wed Sep 19, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Guaranteed access for Medigap policies
Replies: 29
Views: 1699

Re: Guaranteed access for Medigap policies

...I have some experience with changing Medigap plans... [Horror story.] And, an existing plan member who is trying to make a specific change is much more likely to get correct answers than a prospective buyer, asking hypothetical questions prior to purchase. The prospective buyer hasn't got a chan...
by nisiprius
Wed Sep 19, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: Can predictions on currency depreciaction be any more accurate than those of the stock market?
Replies: 13
Views: 836

Re: Can predictions on currency depreciaction be any more accurate than those of the stock market?

...I've come across this video where Dalio speaks of the economy as of a machine, governed by law of cause and effect... I personally believe that the atmosphere, unlike the economy, really is a machine, governed by the laws of cause and effect. And yet, yesterday, Accuweather predicted "no precipi...
by nisiprius
Wed Sep 19, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: any opinions of this fund? Vanguard Dividend Growth (VDIGX)
Replies: 15
Views: 1181

Re: any opinions of this fund? Vanguard Dividend Growth (VDIGX)

Your wife (and you) need to go back to the decision to buy this fund in the first place. If she did not write down her reason for selecting it, she should remember, as best as she can, why she chose it and what she expected from it. This doesn't need to be detailed or very profound, but as best she ...
by nisiprius
Wed Sep 19, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3895

Re: “Majority of working-age Americans have no retirement savings”

I'm not going to be the one to report this, since it's a grey area and particularly since the discussion has stayed civil, but I'd like to remind everyone of forum policy , particularly the section on "unacceptable topics" that includes: discussions of the crimes, shortcomings or stupidity of other ...
by nisiprius
Wed Sep 19, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: Why should bond duration = investment horizon?
Replies: 45
Views: 2404

Re: Why should bond duration = investment horizon?

It's a rough rule-of-thumb relationship. Following your comment, "If bonds are for stability, shouldn't I go for short term bonds where the NAV is stable and yields will track changing interest rates?" The NAV is only relatively stable, of course. I would ask, "according to that reasoning, why shoul...
by nisiprius
Wed Sep 19, 2018 10:25 am
Forum: Investing - Theory, News & General
Topic: Why are there so few long-term investors?
Replies: 18
Views: 2765

Re: Why are there so few long-term investors?

I don't know, but when I exchanged my holding of the Vanguard 500 Index Fund for the Vanguard Total Stock Market Index Fund, circa 2005, I created "turnover" in the 500 Index Fund without changing my opinion of myself as a long-term investor. There have been, in the past, many such exchanges of one ...
by nisiprius
Wed Sep 19, 2018 6:52 am
Forum: Investing - Help with Personal Investments
Topic: What can go wrong in shorting Tilray, and can EU investors short it (and how?)
Replies: 29
Views: 1249

Re: What can go wrong in shorting Tilray, and can EU investors short it (and how?)

... You are, in effect, short volatility. They have more capital than you do, they are long volatility in effect Volatility can go both ways, so if the stock is volatile and has a big drop in value, I win. So I am not sure what you meant by that... Probability theory, gambler's ruin, St. Petersburg...
by nisiprius
Tue Sep 18, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Guaranteed access for Medigap policies
Replies: 29
Views: 1699

Re: Guaranteed access for Medigap policies

Well, see, that's exactly the kind of thing that was driving me crazy when I was looking at Medicare Advantage plans. If you ask "can I switch back if I don't like it," things get derailed while you listen to is a series of complicated and confusing rules and options that take a while to figure out-...
by nisiprius
Tue Sep 18, 2018 8:00 pm
Forum: Investing - Theory, News & General
Topic: Matter/scatter, part 9. Small-cap value and the "ten-fund portfolio."
Replies: 10
Views: 1061

Matter/scatter, part 9. Small-cap value and the "ten-fund portfolio."

Part 1: Introduction , Part 2: Bond fund choices, , Part 3, International bonds, Part 4: Bond allocation . Part 5: International stocks Part 6: Expense ratios Part 7: Bonds during the financial crisis Part 8: Small-caps and micro-caps Appendix: Methodology Brief notes: 1) In these Monte Carlo simul...
by nisiprius
Tue Sep 18, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Guaranteed access for Medigap policies
Replies: 29
Views: 1699

Re: Guaranteed access for Medigap policies

I can't answer your question. I ended up on Traditional Medicare with Medigap (and have been very happy) because at the time, in my state, I couldn't get a straight answer to a similar question. The printed material, the insurer's website, and what the insurer's rep told me were significantly differ...
by nisiprius
Tue Sep 18, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: "Warren Buffett and Jack Bogle agree on the formula for long-term success: 'Buy and hold' "
Replies: 6
Views: 989

Re: "Warren Buffett and Jack Bogle agree on the formula for long-term success: 'Buy and hold' "

Taylor probably has a long list of "gems" on the subject, but I think I'll add what Jeremy Siegel has said in Stocks for the Long Run 5/E . The boldfacing is mine. These are from chapter 15, "Stocks and the Business Cycle." If you can predict the business cycle, you can beat the buy-and-hold strateg...
by nisiprius
Tue Sep 18, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: With expense-free funds, are other Fidelity fund obsolete?
Replies: 7
Views: 534

Re: With expense-free funds, are other Fidelity fund obsolete?

Both Fidelity and Vanguard's fund lineup has gotten cluttered up with old funds that that seem to have been superseded by new! improved! funds. A Vanguard example is the Vanguard FTSE All-World Ex-US fund, VFWIX, and the Vanguard Total International Stock Index Fund, VGTSX. I don't know the reasons ...