Search found 295 matches
- Sun Aug 07, 2016 9:06 pm
- Forum: Investing - Theory, News & General
- Topic: Global value funds?
- Replies: 21
- Views: 4058
Re: Global value funds?
I used to think about all these different options, strategies, theories, tactics, etc. But then I settled on the Total World Index and sleep better thanks to the simplicity of not overthinking. I'd also wager that it outperforms all these strategies over the long run, not necessarily because it will have a higher return, but because I doubt that folks who think so hard about something now will be able to stay the course without thinking so hard about something else later and modifying their allocation. Just my two cents. :beer ^ You may wanna listen to him. Evidence he may be correct: See my post above his where I'm wondering if I should alter my allocation by the end of the post :) Lol, I have actually been thinking about this! :sharebeer...
- Fri Aug 05, 2016 11:50 am
- Forum: Investing - Theory, News & General
- Topic: Global value funds?
- Replies: 21
- Views: 4058
Re: Thoughts on this Global value fund?
Hi: As of August 5, 2016 Meb Faber has the current top downloaded paper on the SSRN Financial Economics Network. Faber, Meb, The Trinity Portfolio: A Long-Term Investing Framework Engineered for Simplicity, Safety, and Outperformance (July 2, 2016). CQR, Issue 9, June 2016. Available at SSRN: http://ssrn.com/abstract=2801856 Abstract: Let’s say one sets out to design a portfolio, knowing everything we know today about investing. Where would a logical, evidence-based investor even start? Investors today have access to more market data and strategic information than at any other time in history. While beneficial in some ways, this huge volume of fragmented information presents a challenge — how should one actually implement everything? This ...
- Fri Aug 05, 2016 11:41 am
- Forum: Investing - Theory, News & General
- Topic: Global value funds?
- Replies: 21
- Views: 4058
Re: Thoughts on this Global value fund?
This seems like a less palatable option with 133 stocks, ER 0.69, 15% turnoverwhodidntante wrote:Cambria global value is worth considering. The ticker is GVAL. I'm considering buying it myself, about 20k worth. First I need to decide what I think about Meb Faber.
- Thu Aug 04, 2016 5:22 pm
- Forum: Investing - Theory, News & General
- Topic: Global value funds?
- Replies: 21
- Views: 4058
Re: Thoughts on this Global value fund?
I am more interested in value rather than the specific approach. I suspect global rather than the component funds may be useful in avoiding behavioral mistakes.lack_ey wrote:Right, do you really need a global value stock fund or are separate (and cheaper) US and ex-US funds acceptable?
Also, are you just targeting value or specifically seeking a fundamental-weighted approach, Research Affiliates/Rob Arnott style?
- Thu Aug 04, 2016 3:30 pm
- Forum: Investing - Theory, News & General
- Topic: Global value funds?
- Replies: 21
- Views: 4058
Global value funds?
PIMCO RAE Fundamental Global Instl PFQIX
25k minimum investment at vanguard... otherwise 1,000,000!
ER 0.5
2% Turnover
Anyone aware of any better / cheaper global value fund?
25k minimum investment at vanguard... otherwise 1,000,000!
ER 0.5
2% Turnover
Anyone aware of any better / cheaper global value fund?
- Tue Jun 18, 2013 6:52 pm
- Forum: Investing - Theory, News & General
- Topic: Do you overweight emerging markets?
- Replies: 83
- Views: 11387
Re: Do you overweight emerging markets?
This thread appears to be heavy with rationalization to chase performance. Common knowledge espoused by 'experts' everywhere is that US returns will not meet previous expectations, and one might look to EM for returns....
- Wed Jun 12, 2013 5:16 pm
- Forum: Investing - Theory, News & General
- Topic: Sub-emerging Markets: All that's left is the crying
- Replies: 62
- Views: 8553
Re: Sub-emerging Markets: All that's left is the crying
Not yet, wait for panic.brianbooth wrote:So what you're saying is, with prices down and sentiment is negative, now is the time to buy?
- Thu Apr 25, 2013 5:41 am
- Forum: Personal Investments
- Topic: Moving AA from 80/20 to 85/15 (new title)
- Replies: 44
- Views: 5546
Re: Moving AA from 80/20 to 85/15 (new title)
When the market is performing poorly there tend to be more "switching to more conservative AA" posts.letsgobobby wrote:Not much expected diffrerence between 80/20 and 85/15. My concern is more about the lack of discipline that it shows. Why now? The stock market is up 150% in the last four years.
- Wed Apr 24, 2013 7:11 pm
- Forum: Investing - Theory, News & General
- Topic: Charlie Ellis & Burton Malkiel say 0% bonds OK under 50
- Replies: 155
- Views: 29899
Re: Charlie Ellis & Burton Malkiel say 0% bonds OK under 50
Seems to me people would be far better off if they actually realized how their "life savings" compared to the paper value of their investments in a downturn.Call_Me_Op wrote:I think people tend to forget that there really is a chance that things can get really bad like 1929 again at some point in the future. I would be an emotional wreck if I lost 90% of my life savings and didn't know whether I was going to lose even more - or if it would ever come back. I'll keep by bonds and cash, thank you.
- Wed Apr 24, 2013 6:16 pm
- Forum: Personal Investments
- Topic: European stocks on sale
- Replies: 15
- Views: 1573
Re: European stocks on sale
I hate the "stocks on sale" meme. Even when it's Warren Buffett using it. It is an inaccurate analogy even on its own ground. In the consumer world, I am pretty darn sure that the can of Progresso Traditional Chicken & Wild Rice I bought today for $2/3 is the same item that was selling last week for $2.99.* When stocks drop in price, for whatever reason, it is because investors believe it is not the same thing as it was before. They believe it is going to earn less than before. It is not "stocks on sale." It is "hurt stocks" or "day-old stocks" or "factory seconds stocks." "Stocks on sale" is pure manipulation. Someone says that in order to convince you to buy them, not to giv...
- Thu Jan 10, 2013 8:30 pm
- Forum: Personal Finance (Not Investing)
- Topic: Financing medical school. Age 34, some savings.
- Replies: 63
- Views: 9347
Re: Financing medical school. Age 34, some savings.
This is at worst pejorative and at best circular. This is turning into a decidedly unfruitful discussion, there will be nothing more from me, I wish the original poster the best with his career.dhodson wrote:The only physicians i know who are unhappy with medicine have unrealistic ideas or are unhappy people.
- Thu Jan 10, 2013 7:07 pm
- Forum: Personal Investments
- Topic: Is there such thing as too young for IBonds
- Replies: 21
- Views: 2499
Re: Is there such thing as too young for IBonds
Taxable stocks should provide considerably higher returns than ibonds over a long investing career. Only you can decide how much you value safety of your initial (small) contributions vs growth of said contributions.
- Thu Jan 10, 2013 6:59 pm
- Forum: Personal Finance (Not Investing)
- Topic: Financing medical school. Age 34, some savings.
- Replies: 63
- Views: 9347
Re: Financing medical school. Age 34, some savings.
Step 1: Ask yourself if you really, really, REALLY, want to become a physician. Note approximately 50% of physicians are dissatisfied with their career, and there are further headwinds ahead... If health care is a must for you I would seriously consider becoming a NP or PA (similar day to day practice, lop off nearly a decade of training (and lost saving), and end up with similar salary depending on field). Speaking as an MD myself-- I would not listen to this advice. I think most individuals who have made the commitment to applying and getting into medical school have already decided that the MD track is the proper course for them. Someone once said to a nurse who didn't like taking orders from MDs-- If you wanted to fly the plane, why di...
- Wed Jan 09, 2013 5:22 pm
- Forum: Personal Finance (Not Investing)
- Topic: Financing medical school. Age 34, some savings.
- Replies: 63
- Views: 9347
Re: Financing medical school. Age 34, some savings.
Step 1: Ask yourself if you really, really, REALLY, want to become a physician. Note approximately 50% of physicians are dissatisfied with their career, and there are further headwinds ahead... If health care is a must for you I would seriously consider becoming a NP or PA (similar day to day practice, lop off nearly a decade of training (and lost saving), and end up with similar salary depending on field).
Step 2: Consider a state school.
Step 2: Consider a state school.
- Sat Jan 05, 2013 11:53 am
- Forum: Personal Investments
- Topic: Race to 1 Million Help
- Replies: 28
- Views: 4255
Re: Race to 1 Million Help
These are the junkiest of junk bonds, I find that when things sound too good to be true they often are. Nevertheless, good luck with your investments.EmergDoc wrote: I'm not sure what kind of returns you're talking about from Lending Tree, but lots of people are making double digits returns from Lending Club. The average return is around 6%. I've only been doing it for 15 months but I'm at 13.15% annualized. I expect 8-12% returns long term.
- Sat Jan 05, 2013 11:35 am
- Forum: Personal Investments
- Topic: Race to 1 Million Help
- Replies: 28
- Views: 4255
Re: Race to 1 Million Help
There have been several studies, eg:RenoJay wrote: Could the person who made this quote please provide some links to the study(ies) referenced? My experience with LendingClub has been quite good, but I'm curious to see whatever stats were used to come to this conclusion. Thanks.
Risk and Return of Investments in Online Peer-to-Peer Lending
Harpreet Singh, Ram Gopal, Xinxin Li
School of Management, University of Texas at Dallas
School of Business, University of Connecticut
"We find that on average, loans through Prosper provide negative return compared to risk freealternatives such as Treasury Bills."
- Sat Jan 05, 2013 8:13 am
- Forum: Personal Investments
- Topic: What vehicle to use for 50 year inventment
- Replies: 16
- Views: 1523
Re: What vehicle to use for 50 year inventment
Globally diversified small-cap value.
- Sat Jan 05, 2013 8:09 am
- Forum: Personal Investments
- Topic: At What Level Does a Portfolio Take Off?
- Replies: 94
- Views: 14968
Re: At What Level Does a Portfolio Take Off?
In my experience, once the portfolio got to $10K it started to take on a life of its own. At some point, the gains and earnings get to be more than the annual contributions. At $100K, the investments seemed like a swollen creek and later like a river at $200K. You can really see the effects of compounding. This affect is not a myth. A 20% gain on a $10K portfolio is $2K. A nice gain but not much effect to a person's finances. At $200K, this is a $40K gain. $40K is substantial money to me. Of course, to the many rich Bogleheads in this forum this is chump change. In the late nineties, the annual portfolio gains were getting to be more than my salary. When the market really tanked, the unrealized losses in my retirement accounts were more th...
- Thu Jan 03, 2013 4:40 pm
- Forum: Personal Investments
- Topic: Race to 1 Million Help
- Replies: 28
- Views: 4255
Re: Race to 1 Million Help
You are young and way ahead of the curve, congrats! If you want to make a mill, ASAP, you would likely benefit from a much more equity heavy portfolio. You should know that the real returns from Lending Tree and the like have been studied and are poor, I would run not walk from these investments. It sounds like you would benefit most from further study at this point. I can recommend "the Four Pillars of Investing" as a good place to start (no disclosures necessary).
- Wed Jan 02, 2013 4:41 pm
- Forum: Personal Investments
- Topic: AAPL
- Replies: 232
- Views: 71318
Re: AAPL
'Bulls make money, Bears make money, Pigs get slaughtered.'airahcaz wrote: Sell at new high?
- Wed Jan 02, 2013 4:28 pm
- Forum: Personal Investments
- Topic: AAPL
- Replies: 232
- Views: 71318
Re: AAPL
AAPL is top of the world, where to go? Sell.
- Tue Jan 01, 2013 2:12 pm
- Forum: Personal Consumer Issues
- Topic: Which Midsize SUV should I buy?
- Replies: 67
- Views: 10768
Re: Which Midsize SUV should I buy?
A Honda Element can handle all of these duties.dratkinson wrote:
Not even a Suburban has a cargo floor long enough to sleep on with 2d row seats up and not aware that Suburban has fold-flat 2d row seats. So the best you may be able to hope for are some comfortable reclining front seats. Not aware of any vehicle that has fold-flat front seats to match up with 2d row seats (at least not since the Rambler).
- Sat Dec 29, 2012 7:39 am
- Forum: Investing - Theory, News & General
- Topic: International REITs anyone?
- Replies: 55
- Views: 12868
Re: International REITs anyone?
There is a reason vanguard's fund is not called "international REIT fund," several posters here are doing a diservice but representing it as such.
- Thu Dec 27, 2012 6:36 pm
- Forum: Investing - Theory, News & General
- Topic: need help understanding the NIKKEI 225 (^N225)
- Replies: 10
- Views: 1591
Re: need help understanding the NIKKEI 225 (^N225)
What happened to Japan was NOT bursting of a bubble in the way we think of it (ie regular market cycle), rather it was the realization that tremendous wealth simply did not exist secondary to pervasive and systemic corruption. There was no recovery because much of the climb was a fabrication.
Common practice in Japan at that time made Gordon Gekko look like a choirboy. IMO there is very little in common with the current crisis.
Common practice in Japan at that time made Gordon Gekko look like a choirboy. IMO there is very little in common with the current crisis.
- Tue Dec 25, 2012 9:57 pm
- Forum: Personal Finance (Not Investing)
- Topic: Prepaid card with 2% rewards if balance >$5,000 - good deal?
- Replies: 6
- Views: 1534
Re: Prepaid card with 2% rewards if balance >$5,000 - good d
You may want to consider the opportunity cost of having $5000 dollars tied up on this card at all times "earning" negative interest secondary to inflation.
- Tue Dec 25, 2012 10:40 am
- Forum: Personal Investments
- Topic: Retail fund with the highest expected return?
- Replies: 30
- Views: 5933
Re:
+1 With low ER and other fees.exeunt wrote:A world stock small-cap value fund.
Sadly I do not think this fund exists yet.
- Tue Dec 25, 2012 10:27 am
- Forum: Investing - Theory, News & General
- Topic: Article: Why you should Hold Bonds in a Taxable Account
- Replies: 6
- Views: 1563
Re: Article: Why you should Hold Bonds in a Taxable Account
I think this article makes a good point. Many Bogleheads focus on tax rate rather then tax amount, which can be a (very) costly choice.
- Sat Feb 11, 2012 1:58 pm
- Forum: Investing - Theory, News & General
- Topic: Grouping Americans by saving/investing habits
- Replies: 51
- Views: 4121
Re: Grouping Americans by saving/investing habits
PDF?yobria wrote: a 2007 study by the Federal Reserve.
The statistics you mention are truly shocking 80% of the US with only 30k saved!! I hope home equity is not included. Home equity is the other, well not forced, but strongly encouraged and federally subsidized retirement vehicle.
- Sat Feb 11, 2012 1:46 pm
- Forum: Personal Finance (Not Investing)
- Topic: Relatives making snarky remarks about finances
- Replies: 49
- Views: 6027
Re: Relatives making snarky remarks about finances
The biggest issue is heading off the requests for money. Just make it a habit to never seriously discuss money with the ones who want handouts. You could take it a step further and pretend to be worst off than you actually are (e.g. complain about any tough financial spots). This might be the only way to dissuade some personality types, but you might not like having to keep up the charade. Set boundaries and enforce them, even if that enforcement just means being a silent "wall". Growing up, I watched my great grandparents play the banker to all the family members. It was a roll they played up until they died, and even a roll they kept in their trust after death. If you take on the reputation as being the family financier, it wil...
- Sat Feb 11, 2012 1:13 pm
- Forum: Personal Finance (Not Investing)
- Topic: Relatives making snarky remarks about finances
- Replies: 49
- Views: 6027
Re: Relatives making snarky remarks about finances
Some people can get annoying when it comes to discussions about money. I make enough to get by and a little left over to save for retirement, but not wealthy by any means or even anywhere close to being wealthy. Anyway I've had to deal with some snarky remarks from relatives as if I make "big money". The other day, a family member asked, are you working and making "all that money". My grandmother once told an acquaintance one time that I make "big bucks" while I was standing there. It burns me up not only because it's a backhanded insult but it's not true. The only reason I have anything at all is that I've lived under my means and worked my butt of while going to school. Those that make these comments lack di...
- Sat Feb 11, 2012 1:04 pm
- Forum: Personal Investments
- Topic: Help buying VSS (FTSE Ex-US small cap ETF)
- Replies: 33
- Views: 2806
Re: Help buying VSS (FTSE Ex-US small cap ETF)
You got my hopes up, Landy, only to be dashed on the rocks! I absolutely hate ETFs and only own 2 of the lousy critters to cut costs. One of them is VSS. So based on your comment, I went running to Vanguard's website, thinking they had created Admiral shares of the FTSE All-World ex-US Small-Cap Index Fund, with the same ER as the stinking ETF. Much to my dismay, I found this fund (VFSVX) is still only offered in Investor shares, with an ER of 0.55%, a Purchase Fee of 0.75%, and a Redemption Fee of 0.75%. Even though it means getting down in the mud and getting my hands dirty with an ETF, I'll take the 0.33% ER (and no purchase and redemption fees) of VSS over the much higher costs of VFSVX any day. (And far be it for me to blame the OP fo...
- Sat Feb 11, 2012 12:52 pm
- Forum: Investing - Theory, News & General
- Topic: Value averaging and MYR -A safer approach to margin?
- Replies: 39
- Views: 5288
Re: Value averaging and MYR -A safer approach to margin?
The entire margin thing is confusing and complicated to me. It increases the expenses of your investment via the margin interest, and you are betting that the market will recover by the next time you invest. If the market continues to tank, then you would have wasted money buying at a higher price with interest. Instead of margin, why not tap your emergency fund? I am assuming that most people have at least 1-year's worth of emergency fund. If your job is stable and you want to pump more cash to keep up with your VA path, then perhaps it makes more sense to "borrow" from your emergency fund at NO interest. And honestly, I don't see how brokers would be willing to loan you money for 1%. How do they make money off that? What's the ...
- Sat Feb 11, 2012 12:35 pm
- Forum: Investing - Theory, News & General
- Topic: Would you take out a mortgage or pay cash?
- Replies: 70
- Views: 7309
Re: Would you take out a mortgage or pay cash?
For a rental property leverage is very tempting to maximize returns. However, for a home the security of debt-free does seem equally appealing, but just comes down to personal perspective and opportunity costs.
- Sat Feb 11, 2012 12:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: Finance discussion at parties.
- Replies: 40
- Views: 3764
Re: Finance discussion at parties.
Honestly I don't recall personal finance ever being discussed at parties. Personal finance seems to be even more taboo than the dreaded politics. The usual suspects are: the weather (old faithful), movies, kids/school, sports, jobs, and politics (well tolerated usually provided everyone belongs to the same party).reggiesimpson wrote:Do you openly discuss Finance at parties? If so what is your feedback?
- Fri Feb 10, 2012 11:38 am
- Forum: Personal Investments
- Topic: Where to invest excess cash?
- Replies: 10
- Views: 2689
Re: Where to invest excess cash?
You could consider high yield checking accounts, 2% on unrestricted balances should be available, but you may have to do X number of debit card purchases, or other requirements.
- Fri Feb 10, 2012 11:17 am
- Forum: Investing - Theory, News & General
- Topic: Has Buffett changed anyones mind
- Replies: 65
- Views: 6059
Re: Has Buffett changed anyones mind
People may or may not agree with Mr. Buffett's view of risk. However, a typical Boglehead's balanced allocation to stocks and bonds, does meet his criteria of both preserving and growing buying power.Buffet wrote:The riskiness of an investment is not measured by beta (a Wall Street term encompassing volatility and often used in measuring risk) but rather by the probability -- the reasoned probability -- of that investment causing its owner a loss of purchasing power over his contemplated holding period.
- Fri Feb 10, 2012 10:34 am
- Forum: Investing - Theory, News & General
- Topic: Has Buffett changed anyones mind
- Replies: 65
- Views: 6059
Re: Has Buffett changed anyones mind
Does your friends father have the following?: A pension Social Security Other cash on the side A paid off home Income producing assets If you answer yes to any of the above, your friends father is NOT totally invested in equities. Enjoy the snow. That's a good point. Although not the friend's father, I'll try standing in for him. I'm almost 70, and my portfolio is 97% stocks (and I'm very sympathetic to Buffet's views). However, I do have a pension, Social Security, and a paid off home. Looking at the proportion of my net worth in my portfolio and using the values that turned up in bubblehead's table, my portfolio is only about 12% of my net worth and stocks, then, a little less than that. Wow this puts some perspective when people report ...
- Fri Feb 10, 2012 10:24 am
- Forum: Investing - Theory, News & General
- Topic: Stop Fleeing Bonds - Shorten Duration instead
- Replies: 26
- Views: 3735
Re: STOP FLEEING BONDS - Shorten Duration instead
Isn't this just market timing. There will always be a dog or two in the portfolio. If the portfolio cannot withstand underperformance by bonds perhaps it was an ill-conceived allocation.
- Fri Feb 10, 2012 9:49 am
- Forum: Investing - Theory, News & General
- Topic: Has Buffett changed anyones mind
- Replies: 65
- Views: 6059
Re: Has Buffett changed anyones mind
His comment is almost no different than Larry Fink - investors should allocate 100% to equities. Come on, printing this stuff in media is a disservice to the average guy who knows nothing about volatility, risk and has limited marbles to play with. We all know what happens when one loses their marbles. Buffet never said anything about individual investors and 100% equities. Nor did he say his company is 100% equities. Did anyone read the article? Lets all keep attacking the straw man. Not strong in reading comprehension? This is what I said - Buffett is ALMOST no different. What does that mean? Well, Buffett should at his age, be cognizant of how media distorts what is said and only hones in on sensationalistic publishing. Hence, we have a...
- Fri Feb 10, 2012 9:35 am
- Forum: Personal Investments
- Topic: Help buying VSS (FTSE Ex-US small cap ETF)
- Replies: 33
- Views: 2806
Re: Help buying VSS (FTSE Ex-US small cap ETF)
3 years of higher ER is really a minor expense on such a small holding.bhouse wrote:Thanks for the replies all. I am with you on the ETFs vs mutual funds. I would much prefer the funds, but the ER is much higher (especially for these two funds) until you get to admiral shares, and I am still at least 3 years away from having that much (VSS and VBR are a relatively small part of my already small portfolio). Anyway, I realized after posting this that the market hadn't opened, and yes the spreads have normalized now. Thanks!
- Fri Feb 10, 2012 9:31 am
- Forum: Personal Finance (Not Investing)
- Topic: Buffett Says Bonds Among Most Dangerous Assets on Inflation
- Replies: 94
- Views: 11738
Re: Buffett Says Bonds Among Most Dangerous Assets on Inflat
IMO, this topic would be more helpful without the attacks on the messenger, his motives, or his business acumen. Let's shift the focus to the Posters here often comment that they prefer to only take risk on the equity side and that bonds are their safe investments. IMO, this mindset represents a misunderstanding about the nature of investment risk. Nominal bonds may have relatively low volatility, but they are NOT safe investments when measured with the appropriate yardstick - their ability to reliably preserve or increase purchasing power over time. It's a plain fact that an asset class that lost a cumulative 40% of its real value from 1940 to 1980 is NOT a safe investment. Personally, I think Mr. Buffett's focus on investment as deferrin...
- Fri Feb 10, 2012 9:16 am
- Forum: Investing - Theory, News & General
- Topic: Has Buffett changed anyones mind
- Replies: 65
- Views: 6059
Re: Has Buffett changed anyones mind
Buffet never said anything about individual investors and 100% equities. Nor did he say his company is 100% equities. Did anyone read the article?GRT2BOUTDOORS wrote:FredPeterson wrote:Buffett can also afford to lose half his wealth and not even blink.
Not so for the average investor.
His comment is almost no different than Larry Fink - investors should allocate 100% to equities. Come on, printing this stuff in media is a disservice to the average guy who knows nothing about volatility, risk and has limited marbles to play with. We all know what happens when one loses their marbles.
Lets all keep attacking the straw man.
- Fri Feb 10, 2012 8:28 am
- Forum: Personal Finance (Not Investing)
- Topic: Amex Blue Preferred 6% back on groceries
- Replies: 21
- Views: 4519
Re: Amex Blue Preferred 6% back on groceries
Yes, and well into the 1990s! I wonder how current Hawaiian Spam futures are looking.yobria wrote:Honolulu circa 1943?Liquid wrote:Spam is like cash in some circles.
- Fri Feb 10, 2012 8:02 am
- Forum: Investing - Theory, News & General
- Topic: Has Buffett changed anyones mind
- Replies: 65
- Views: 6059
Re: Has Buffett changed anyones mind
Many of you are missing the point.
Buffett is not directing his comments at the average Boglehead holding a market portfolio, he is directing it at hot money holding 100% gold or bonds, because they overheard it at the water cooler.
Berkshire has "liquidity requirements" and therefore holds short-term securities.... guess what, individual investors have "liquidity requirements" as well.
Buffet does not "hate half your portfolio" as a recent thread claimed.
This outcry is extremely overblown.
Buffett is not directing his comments at the average Boglehead holding a market portfolio, he is directing it at hot money holding 100% gold or bonds, because they overheard it at the water cooler.
Berkshire has "liquidity requirements" and therefore holds short-term securities.... guess what, individual investors have "liquidity requirements" as well.
Buffet does not "hate half your portfolio" as a recent thread claimed.
This outcry is extremely overblown.
- Fri Feb 10, 2012 7:53 am
- Forum: Personal Investments
- Topic: Where to place International REITs?
- Replies: 4
- Views: 511
Re: Where to place International REITs?
I vote for the tax-deferred Account.
- Thu Feb 09, 2012 8:50 pm
- Forum: Personal Finance (Not Investing)
- Topic: Investing more than $50k Limit to Tax Advantaged Accounts
- Replies: 22
- Views: 2451
Re: Investing more than $50k Limit to Tax Advantaged Account
Unless you can transfer your limited partnership (at $0) from your private equity firm.
- Thu Feb 09, 2012 8:45 pm
- Forum: Investing - Theory, News & General
- Topic: Warren Buffet article in Fortune.com
- Replies: 13
- Views: 2451
Re: Warren Buffet article in Fortune.com
Buffet is spot on.
- Thu Feb 09, 2012 8:36 pm
- Forum: Personal Investments
- Topic: Thoughts on Global ex-U.S. Real Estate
- Replies: 7
- Views: 841
Re: Thoughts on Global ex-U.S. Real Estate
I wish the 90% passthrough for US REITs applied to foreign real estate. Nevertheless, it represents a large chunk of the investment universe and as such is probably attractive to those who seek a total market approach.
- Thu Feb 09, 2012 8:31 pm
- Forum: Personal Investments
- Topic: 100 year investment
- Replies: 38
- Views: 3534
Re: 100 year investment
Wow 360yrs! Surely after a quick tax break the trust can be reestablished for another 360.soccerdad12 wrote:It isn't being considered. It is already done. Also trusts in some states are valid up to 360 years.
If you would like to Yalify:
US Equity 12%
US Bonds 4%
Foreign Equity 15%
Absolut Return 25% (Eg, merger arbitrage, long / short, market mispricings generally transactions with short time horizons mo-2yrs)
Private Equity 17% (Eg, venture capital, leveraged buyout)
Real Assets 27%, (50%RE, oil, gas, timberland)
Cash 0%
- Thu Feb 09, 2012 7:26 pm
- Forum: Personal Finance (Not Investing)
- Topic: Buffett Says Bonds Among Most Dangerous Assets on Inflation
- Replies: 94
- Views: 11738
Re: Buffett Says Bonds Among Most Dangerous Assets on Inflat
I think Mr. Buffett would be the first to admit that he cannot predict the future. My sense is that his decisions are based on current valuations rather than future predictions. One of his few and most famous "predictions" from Snowball: "He put up a slide to illustrate how, for several years, the market's valuation had outstripped the economy's growth by an enormous degree. This meant, Buffett said, that the next seventeen years might not look much better than that long stretch from 1964 to 1981 when the Dow had gone exactly nowhere– that is, unless the market plummeted. "If I had to pick the most probable return over that period," he said, "it would probably be six percent." Yet a recent PaineWebber-Gall...