Search found 295 matches

by Liquid
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...
by Liquid
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 ...
by Liquid
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?

whodidntante 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.
This seems like a less palatable option with 133 stocks, ER 0.69, 15% turnover
by Liquid
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?

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?
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.
by Liquid
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! :moneybag

ER 0.5

2% Turnover

Anyone aware of any better / cheaper global value fund?
by Liquid
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....
by Liquid
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

brianbooth wrote:So what you're saying is, with prices down and sentiment is negative, now is the time to buy? :D
Not yet, wait for panic. :sharebeer
by Liquid
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)

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.
When the market is performing poorly there tend to be more "switching to more conservative AA" posts.
by Liquid
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

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.
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.
by Liquid
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...
by Liquid
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.

dhodson wrote:The only physicians i know who are unhappy with medicine have unrealistic ideas or are unhappy people.
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.
by Liquid
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.
by Liquid
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...
by Liquid
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.
by Liquid
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

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.
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.
by Liquid
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

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.
There have been several studies, eg:

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."
by Liquid
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.
by Liquid
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...
by Liquid
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).
by Liquid
Wed Jan 02, 2013 4:41 pm
Forum: Personal Investments
Topic: AAPL
Replies: 232
Views: 71318

Re: AAPL

airahcaz wrote: Sell at new high?
'Bulls make money, Bears make money, Pigs get slaughtered.'
by Liquid
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.
by Liquid
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?

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).
A Honda Element can handle all of these duties.
by Liquid
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.
by Liquid
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.
by Liquid
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.
by Liquid
Tue Dec 25, 2012 10:40 am
Forum: Personal Investments
Topic: Retail fund with the highest expected return?
Replies: 30
Views: 5933

Re:

exeunt wrote:A world stock small-cap value fund.
+1 With low ER and other fees.

Sadly I do not think this fund exists yet.
by Liquid
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.
by Liquid
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

yobria wrote: a 2007 study by the Federal Reserve.
PDF?

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.
by Liquid
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...
by Liquid
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...
by Liquid
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...
by Liquid
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 ...
by Liquid
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.
by Liquid
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.

reggiesimpson wrote:Do you openly discuss Finance at parties? If so what is your feedback?
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).
by Liquid
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.
by Liquid
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

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.
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.
by Liquid
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 ...
by Liquid
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.
by Liquid
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...
by Liquid
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)

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!
3 years of higher ER is really a minor expense on such a small holding.
by Liquid
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...
by Liquid
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

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.
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.
by Liquid
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

yobria wrote:
Liquid wrote:Spam is like cash in some circles.
Honolulu circa 1943?
Yes, and well into the 1990s! I wonder how current Hawaiian Spam futures are looking.
by Liquid
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.
by Liquid
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.
by Liquid
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.
by Liquid
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.
by Liquid
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.
by Liquid
Thu Feb 09, 2012 8:31 pm
Forum: Personal Investments
Topic: 100 year investment
Replies: 38
Views: 3534

Re: 100 year investment

soccerdad12 wrote:It isn't being considered. It is already done. Also trusts in some states are valid up to 360 years.
Wow 360yrs! Surely after a quick tax break the trust can be reestablished for another 360.



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%


:beer
by Liquid
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...