Search found 7758 matches

by Doc
Sat Jan 20, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 27
Views: 1040

Re: Post Your Morningstar Box Style

jhfenton wrote:
Sat Jan 20, 2018 11:35 am
M* uses a different size scale for international.
Icky poo. :(

VBR Vg Small Cap Value" market cap 3,650 Mil

Code: Select all

 0	 0	0
14	15	8
32	26	5


Schwab International Small-Cap Equity ETF™ SCHC market cap 1,951 Mil

Code: Select all

 1	 0	 1
20	22	27
11	11	 7
by Doc
Sat Jan 20, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 27
Views: 1040

Re: Post Your Morningstar Box Style

SCV_Lawyer wrote:
Sat Jan 20, 2018 11:22 am
SCV_Lawyer wrote:
Sat Jan 20, 2018 11:21 am
17 17 17
10 09 07
12 09 03
I take some comfort in that I am very close to the styles of livesoft!
Boy are you easy to make comfortable. :wink:
by Doc
Sat Jan 20, 2018 11:04 am
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 27
Views: 1040

Re: Post Your Morningstar Box Style

^^^ I got it. See: Posting images in the Bogleheads forum For those wishing to do this in text, use periods " . " instead of spaces.* Value Blend Growth Large 7 5 3 Medium 15 9 4 Small 28 25 8 ...........Value Blend Growth Large.......7.......5.......3 Medium...15......9.......4 Small.......28........
by Doc
Sat Jan 20, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: Why can you only send dividends/capital gains from vanguard funds to your bank account at vanguard?
Replies: 8
Views: 583

Re: Why can you only send dividends/capital gains from vanguard funds to your bank account at vanguard?

You can set up an automatic withdrawal from your sweep account at monthly, quarterly, six months or annual intervals and after you set it up you can enter a "skip" for times you don't want. But I would just use dbr's plan.
by Doc
Sat Jan 20, 2018 9:54 am
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 27
Views: 1040

Re: Post Your Morningstar Box Style

Be award of Morningstar's data presentation differences between equities and bonds. Equities show the weights in each of the six bosex bout for bonds it is only the fund average. Given that here's ours: https://s10.postimg.org/urcri3tbd/Xray_2_Capture.png As you can see we overweight Small Cap Valu...
by Doc
Sat Jan 20, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 27
Views: 1040

Re: Post Your Morningstar Box Style

Be award of Morningstar's data presentation differences between equities and bonds. Equities show the weights in each of the six boxes but for bonds it is only the fund average. Here is a M* Xray for ~equal parts Vg TBM and TSM. https://s10.postimg.org/f4li57ktl/Xray_Capture.png (Edited to fix typos.)
by Doc
Wed Jan 17, 2018 6:43 pm
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 202
Views: 21288

Re: Case study Broker trade executions

1) Is the opening cross useful in tax loss harvesting when you are trying to avoid wash sales by using not substantially-identical ETF's? 2) Is it useful for buying Foreign ETF's when at least the European markets are open if not Asia? 1) I don't see why it would be useful for that. Maybe a little ...
by Doc
Wed Jan 17, 2018 6:31 pm
Forum: Investing - Theory, News & General
Topic: Sell bonds during a market correction to buy cheaper equities?
Replies: 18
Views: 1763

Re: Sell bonds during a market correction to buy cheaper equities?

And I guess my point is I don't care about corrections or anything else, except to the extent it impacts my asset allocation. A correction is a rapid drop in the stock market exceeding 10%. The OP asked whether one should sell bonds and buy equities in that sitauion. It is very likely that a 10% dr...
by Doc
Wed Jan 17, 2018 11:08 am
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 202
Views: 21288

Re: Case study Broker trade executions

1) Is the opening cross useful in tax loss harvesting when you are trying to avoid wash sales by using not substantially-identical ETF's?

2) Is it useful for buying Foreign ETF's when at least the European markets are open if not Asia?
by Doc
Wed Jan 17, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: Morningstar Premium for $99
Replies: 33
Views: 2772

Re: Morningstar Premium for $99

westrichj312 wrote:
Wed Jan 17, 2018 9:13 am
Morningstar valueline and many others are all free at every library around my house
It's not whether or not its free. The question is how do you save a portfolio in a free version so that you don't need to enter everything each time you want to do a Portfolio Xray.
by Doc
Wed Jan 17, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: Vanguard Government Index Funds Benchmark Change - Update
Replies: 10
Views: 1141

Re: Vanguard Government Index Funds Benchmark Change - Update

Looks like they have completed the transition. As of 12/31/17 the holdings were all US Treasury at least for the short term fund. They had 91 bonds in the fund compared to 93 in the index. It looks like they made the transition on December 13. There was no cap gains distribution in December so I gue...
by Doc
Wed Jan 17, 2018 9:12 am
Forum: Investing - Theory, News & General
Topic: Morningstar Premium for $99
Replies: 33
Views: 2772

Re: Morningstar Premium for $99

I get free online access through pulic library website!! Thanks to you and MadDawg for this little tip. Investigated and discovered my library offers same. I plan to do a little experimentation with this interesting tool. Really interested in the X-Ray tool. Does the forum know if there's a method ...
by Doc
Wed Jan 17, 2018 9:00 am
Forum: Investing - Theory, News & General
Topic: Sell bonds during a market correction to buy cheaper equities?
Replies: 18
Views: 1763

Re: Sell bonds during a market correction to buy cheaper equities?

If my target is 50/50 and I'm currently at 55/45 stocks/bonds, then I'm selling stocks and buying bonds to get back to 50/50. That's what rebalancing based on 5% bands means to me, so I'm not sure why you'd be suggesting waiting for a 20% drop to buy stocks (presumably I'm buying with new money all...
by Doc
Tue Jan 16, 2018 7:35 pm
Forum: Investing - Theory, News & General
Topic: How to build a bond ladder?
Replies: 14
Views: 837

Re: How to build a bond ladder?

Not necessarily. For example I currently have a 4-8 Treasury ladder. I am buying eights and selling them when they have about four years left to maturity. Almost no mutual funds hold bonds to maturity. They usually sell at no less than one year and many at longer maturities. I'd guess they target b...
by Doc
Tue Jan 16, 2018 5:58 pm
Forum: Investing - Theory, News & General
Topic: Sell bonds during a market correction to buy cheaper equities?
Replies: 18
Views: 1763

Re: Sell bonds during a market correction to buy cheaper equities?

In that scenario, I would have presumably been rebalancing (or attempting to) with new money all along (putting new cash in the 47 part of the AA rather than continuing to split new cash 50/50 until I get back to 50/50 AA). But, to answer your question, no, I wouldn't rebalance at that scenario giv...
by Doc
Tue Jan 16, 2018 5:43 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 108
Views: 12462

Re: GE and the myth of "safe blue-chip stocks"

Mrs. Doc initiated a buy of GE on 3/10/2008. A $10k investment has has grown to over $33k in the ~ten years since. :sharebeer Pretty sweet, but surely you mean 3/10/2009. Anybody who bought 3/10/2008 has taken a bath I think. The stock was trading well over $30 then. Thanks, I fixed it. I kind of g...
by Doc
Tue Jan 16, 2018 4:51 pm
Forum: Investing - Theory, News & General
Topic: How to build a bond ladder?
Replies: 14
Views: 837

Re: How to build a bond ladder?

It may not be equal as in an exact ladder, however what happens to a bond that matures in a bond fund? Isn't it being replaced by a newly issued one? Isn't that what a ladder do/purpose i.e: to continuously replace an expired asset with another longer duration one? Not necessarily. For example I cu...
by Doc
Tue Jan 16, 2018 4:29 pm
Forum: Investing - Theory, News & General
Topic: How to build a bond ladder?
Replies: 14
Views: 837

Re: How to build a bond ladder?

Vanguard total bond index fund for example is a perfect bond ladder made of quality bonds. Vanguard total bond index is not a bond ladder at all - perfect or otherwise. A ladder holds an equal number of bonds in each maturity range - say 10% in each 1,2,3 ... 10 year maturities. A bond index fund d...
by Doc
Tue Jan 16, 2018 4:21 pm
Forum: Investing - Theory, News & General
Topic: Sell bonds during a market correction to buy cheaper equities?
Replies: 18
Views: 1763

Re: Sell bonds during a market correction to buy cheaper equities?

So after a correction, equities still might still be expensive and overvalued. No reason to rebalance here. Chadnudj has it. There is a optimal asset allocation based on expected return and a individual's risk profile. Rebalancing is about controlling risk, not maximizing expected return. Equities ...
by Doc
Tue Jan 16, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: Sell bonds during a market correction to buy cheaper equities?
Replies: 18
Views: 1763

Re: Sell bonds during a market correction to buy cheaper equities?

Would it make sense to sell some of your bonds or bond fund holdings during a market correction to capitalize on cheaper equities? Yeh, that's what 'rebalncing is all about. The simple answer is that it makes sense to rebalance your portfolio during/after a stock market correction, in order to main...
by Doc
Tue Jan 16, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 202
Views: 21288

Re: Case study Broker trade executions

Yep. I was trying to get the opening cross. I had never tried that before, and I wanted to confirm that it worked as expected in a low-stakes experiment. It was worth the $0.01 I lost. VSS typically has a spread between 5 and 10 cents and trades sporadically, so this would be one good way to rebala...
by Doc
Tue Jan 16, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 108
Views: 12462

Re: GE and the myth of "safe blue-chip stocks"

Mrs. Doc initiated a buy of GE on 3/10/2008 3/10/2009. A $10k investment has has grown to over $33k in the ~ten years since. :sharebeer

Corrected typo. Thanks abner kravitz,
by Doc
Tue Jan 16, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 202
Views: 21288

Re: Case study Broker trade executions

jhfenton wrote:
Tue Jan 16, 2018 10:59 am
Shortly after 9:30 AM I got two texts. Both orders executed at a price of $123.80, so I'm just out the SEC fee on the sale.
I don't know all the in's and outs of premarket trading but

1) Your orders did get executed in the opening "cross" :idea:

and

2) You sold it to yourself. :D
by Doc
Tue Jan 16, 2018 11:15 am
Forum: Investing - Theory, News & General
Topic: Morningstar Premium for $99
Replies: 33
Views: 2772

Re: Morningstar Premium for $99

Hmm, I can't see how to do it and get the actual bonds incorporated in the 'portfolio analysis.' I did find this quote... I'm not sure what you are looking for. Here's a sample of the input screen: https://s10.postimg.org/zfc80axq1/Morningstar_Bonds_Capture.png And the output: https://s10.postimg.o...
by Doc
Sun Jan 14, 2018 6:12 pm
Forum: Investing - Theory, News & General
Topic: Know your Broker
Replies: 1
Views: 490

Know your Broker

If you have ever have a question about how experienced the person giving you info is you might want to take action by looking them up on https://brokercheck.finra.org
by Doc
Sun Jan 14, 2018 5:41 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 65
Views: 8950

Re: Why is Vanguard switching all accounts to brokerage accounts?

Every Saturday morning I download all my transaction data from 3 brokers and 2 banks to my financial software. I have no need for a year to date or qtr to date or even a monthly statement. I don't see an issue here.
by Doc
Sun Jan 14, 2018 5:35 pm
Forum: Investing - Theory, News & General
Topic: Say What? Morningstar Fund Spy
Replies: 3
Views: 682

Re: Say What? Morningstar Fund Spy

ResearchMed wrote:
Sun Jan 14, 2018 4:40 pm
Perhaps this is her first job, and she has little background?
Not. :annoyed
by Doc
Sun Jan 14, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Say What? Morningstar Fund Spy
Replies: 3
Views: 682

Say What? Morningstar Fund Spy

"Fund Spy The Year in Bond Funds -- 2017" 1/9/18 http://news.morningstar.com/articlenet/article.aspx?id=843114 There was only one comment on this article: "Hi, how do I sign up for Fund Spy. Can I have these articles emailed to me? Thanks so much for your help." Signed: ...@ Vanguard.com Any thought...
by Doc
Sun Jan 14, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: New TIPS vs Old TIPS
Replies: 4
Views: 526

Re: New TIPS vs Old TIPS

You've got most of the points. In the '08 crisis there was some indication that deflation fears (not actual deflation) affected the price of older TIPS compared to on the run issues. It's probably not very important. There are tax considerations for TIPS that can make a small difference for differen...
by Doc
Sun Jan 14, 2018 8:49 am
Forum: Investing - Theory, News & General
Topic: tracking funds,etfs etc
Replies: 5
Views: 331

Re: tracking funds,etfs etc

Morningstar growth-of-$10,000 charts would be the easiest way. Click the "chart" tab for any mutual fund. You can add ticker symbols in to compare. For some reason when on an ETF's page, the tab only shows you the price over time; you can access the same by just using the URL directly To get around...
by Doc
Thu Jan 11, 2018 5:16 pm
Forum: Investing - Theory, News & General
Topic: Corporate bonds vs. Treasuries
Replies: 52
Views: 4185

Re: Corporate bonds vs. Treasuries

On the rare occasions when we have rebalanced, in the traditional sense, it has been one way - selling bonds and buying equities when equities have declined in price. Actually, we have rebalanced the other way over the last few years, by taking our RMDs from the bonds in our tax deferred portfolios...
by Doc
Thu Jan 11, 2018 2:55 pm
Forum: Investing - Theory, News & General
Topic: Corporate bonds vs. Treasuries
Replies: 52
Views: 4185

Re: Corporate bonds vs. Treasuries

The Portfolio Visualizer gives you six choices for rebalancing, from monthly to no rebalancing. I ran my back tests using both annual rebalancing and 5%/25% rebalancing bands. I’m not a big believer in rebalancing because the majority of our equities are held in taxable accounts, which have quite l...
by Doc
Thu Jan 11, 2018 12:56 pm
Forum: Investing - Theory, News & General
Topic: Corporate bonds vs. Treasuries
Replies: 52
Views: 4185

Re: Corporate bonds vs. Treasuries

Familiarizing myself with Portfolio Visualizer is on my to do list so I need to ask. With a test like you performed what are the rebalancing parameters built into the analysis? The negative correlation with Treasuries and equities often occurs during "Flight to Quality" situations which revert to "...
by Doc
Thu Jan 11, 2018 11:27 am
Forum: Investing - Theory, News & General
Topic: Corporate bonds vs. Treasuries
Replies: 52
Views: 4185

Re: Corporate bonds vs. Treasuries

After doing numerous back tests on the Portfolio Visualizer it appears that, if you increase your equity exposure, a 50/50 equity/corporate bond portfolio has very similar returns, and standard deviation of those returns, to a 60/40 equity/Treasury portfolio over most periods - even for the last 10...
by Doc
Wed Jan 10, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: How diversified are you really with cap weighted foreign markets?
Replies: 37
Views: 1992

Re: How diversified are you really with cap weighted foreign markets?

We're 50% international, but none of it is large-cap developed. We own VSS/VFSVX and separate emerging markets. Both provide better diversification for U.S. equities than large-cap developed. While we don't have the same percentages we follow the same philosophy. Large cap domestic and large cap fo...
by Doc
Tue Jan 09, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: Corporate bonds vs. Treasuries
Replies: 52
Views: 4185

Re: Corporate bonds vs. Treasuries

Equity and personal finance risks are related - if your personal finance is such that you're 99.9% certain that you won't need to touch your investment portfolio for the next 30 years, you can afford to take more equity risk. If you don't need to touch your investment portfolio for the next 30 year...
by Doc
Tue Jan 09, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: Corporate bonds vs. Treasuries
Replies: 52
Views: 4185

Re: Corporate bonds vs. Treasuries

With an equity dominated portfolio relatively early in the accumulation phase, you probably want zero bonds. Cash is a cheaper way to damp equity risk. Held in a highly liquid taxable account, it does a great job of handling personal finance risk. You seem to be conflating two different things - eq...
by Doc
Sun Jan 07, 2018 9:23 pm
Forum: Investing - Theory, News & General
Topic: Morningstar Premium for $99
Replies: 33
Views: 2772

Re: Morningstar Premium for $99

Regarding individual corporate and treasury bonds, how does the M* portfolio and analysis tool handle them? Eg does it know their coupon, maturity and credit rating? Does it nicely blend and evaluate them together with bond fund like it seems to for individual stocks and stock funds? Yes. Sort of. ...
by Doc
Sun Jan 07, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 878
Views: 48730

Re: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]

So, a more general question on the nature of Roth vs Traditional investments with the new tax brackets. As it currently stands I have about $45k in Roth investments, and $65k in Traditional. My current elections will see me adding about $9k to Roth and $18k to Traditional this year. Given that my t...
by Doc
Sat Jan 06, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: Corporate bonds vs. Treasuries
Replies: 52
Views: 4185

Re: Corporate bonds vs. Treasuries

I should say that my comment was meant to be a crude way to determine the portion of corporate bond risk which is correlated with equity risk in a crisis. It was not to suggest an allocation solely to treasuries. If you don't have the emotional ability to buy stocks when the S&P 500 is tanking your...
by Doc
Sat Jan 06, 2018 5:44 pm
Forum: Investing - Theory, News & General
Topic: Corporate bonds vs. Treasuries
Replies: 52
Views: 4185

Re: Corporate bonds vs. Treasuries

In addition to midareff's comment, it can be helpful to evaluate the additional risk of corporates by looking at the performance mix of a portfolio of these asset classes in the last financial crisis. It's frequently and accurately stated that corporates have an element of equity risk in them. One ...
by Doc
Sat Jan 06, 2018 2:15 pm
Forum: Investing - Theory, News & General
Topic: Morningstar Premium for $99
Replies: 33
Views: 2772

Re: Morningstar Premium for $99

Yes ...
by Doc
Fri Jan 05, 2018 5:27 pm
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 103
Views: 10218

Re: Small cap value vs. total market?

But you wouldn’t sub SCV and TSM one for one, would you? Shouldn’t the comparison be between TSM and SCV diluted with fixed income/cash? Does SCV give you, if not a free lunch, the claimed free dessert? Right. Read about it in "Reducing the Risk of Black Swans: Using the Science of Investing to Cap...
by Doc
Fri Jan 05, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 65
Views: 8950

Re: Why is Vanguard switching all accounts to brokerage accounts?

Vanguard wrote: Our Federal Money Market Fund**—which also seeks to maintain a stable $1 NAV—is now the only fund that can be used to settle brokerage trades. The fund isn't subject to the liquidity fee or redemption gate requirements. https://investor.vanguard.com/mutual-fu ... et-reform/ I didn't...
by Doc
Fri Jan 05, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 65
Views: 8950

Re: Why is Vanguard switching all accounts to brokerage accounts?

Some minor annoyances, like the "settlement fund" which sometimes but not always get swept into Prime Money Mkt (which I use for my cash there). Depends what the meaning of "there" is. Our Federal Money Market Fund**—which also seeks to maintain a stable $1 NAV—is now the only fund that can be used...
by Doc
Thu Jan 04, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 25
Views: 3360

Re: Why Edward Jones?

It seems that the Full Service Broker mentioned is very often Edward Jones and I am wondering why? EJ seems to have a different business model than most other brokers. They frequently have small offices located in malls, shopping centers, etc. while the big names usually have very impressive, somew...
by Doc
Thu Jan 04, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: "VB Account Agreement"--Checkwriting? No written orders? What IS this really about?
Replies: 16
Views: 1370

Re: "VB Account Agreement"--is checkwriting on death row? What IS this really about?

It is certainly true that I was told that checks written on my mutual fund accounts would be honored for only 45 days after my transition to the brokerage account. Why don't you call Vanguard to get clarification? Since I don't invest at my bank and I don't write checks against my investments I am ...
by Doc
Thu Jan 04, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: A Case for Bonds in Taxable?
Replies: 24
Views: 2593

Re: A Case for Bonds in Taxable?

In the lowest brackets (now 10% and 12%), you pay zero tax on qualified dividends and long-term gains, so your stocks lose nothing for being in a taxable account, while your bonds lose something. Except if you are in the social security phasein range when even QD and LTCG may have a 5% or 8.5% effe...
by Doc
Thu Jan 04, 2018 11:47 am
Forum: Investing - Theory, News & General
Topic: "VB Account Agreement"--Checkwriting? No written orders? What IS this really about?
Replies: 16
Views: 1370

Re: "VB Account Agreement"--is checkwriting on death row? What IS this really about?

Now, this is just weird. My boldface: VBS will accept online or verbal orders from You. You must place all orders online at vanguard.com or verbally with one of VBS’ brokerage associates. VBS will not accept written orders for the purchase or sale of Securities or Other Property. Hoo hah? They will...
by Doc
Mon Jan 01, 2018 1:14 pm
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 222
Views: 37333

Re: Bonds - Throw it all on the table!!!

abuss368 wrote:
Mon Jan 01, 2018 12:59 pm
Doc wrote:
Mon Jan 01, 2018 12:20 pm
abuss368 wrote:
Mon Jan 01, 2018 12:07 pm
I am curious how many Bogleheads simply use only one bond fund and have no need for any additional funds or complexity.
17,429 ± :D
Ha ha! How did you calculate that number?
I just added up all the posters who never responded to any of Swedroe's bond posts.