Search found 1457 matches

by pascalwager
Thu May 30, 2019 3:07 pm
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 276
Views: 48115

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

Retiree, age 76, one dependent, pension with 2% max COLA and 80% floor, no SS, mainly use my portfolio for taxes and medical/dental 1) List the bond funds, individual bonds, CD's, etc. that you invest in: -Vg Total Bond Market fund -Vg Inflation Protected Securities fund 2) In which account what fix...
by pascalwager
Fri May 24, 2019 11:21 pm
Forum: Personal Consumer Issues
Topic: This rake is the best tool I've bought this week
Replies: 35
Views: 5368

Re: This rake is the best tool I've bought this week

I have a hose reel bought several years ago at either Lowes or Home Depot like this one: https://www.lowes.com/pd/suncast-plastic-175-ft-cart-hose-reel/3058155?cm_mmc=shp-_-c-_-prd-_-sol-_-bing-_-pla-_-242-_-watering-_-3058155-_-0&kpid&k_clickID=bi_272560541_1305120489754729_81570068521287_pla-4585...
by pascalwager
Fri May 24, 2019 10:55 pm
Forum: Personal Consumer Issues
Topic: This rake is the best tool I've bought this week
Replies: 35
Views: 5368

Re: This rake is the best tool I've bought this week

I bought the Eley hose reel last year and their hose. All I can say it is worth every penny. What a game changer compared to those crappy reels I was dealing with at the big box stores. Plus no leaking either. I've got four plastic hose reels at four different locations. They're a struggle and frus...
by pascalwager
Wed May 22, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 126
Views: 17570

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

I'm retired and have about $236k in cash, separate from my portfolio. It amounts to a few years living expenses, I guess, but that's what most advisors/authors seem to recommend for retirees. For example, Rick Ferri recommends 24 months cash expense coverage and Jonathan Clements recommends five ye...
by pascalwager
Tue May 21, 2019 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 126
Views: 17570

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

I'm retired and have about $236k in cash, separate from my portfolio. It amounts to a few years living expenses, I guess, but that's what most advisors/authors seem to recommend for retirees. For example, Rick Ferri recommends 24 months cash expense coverage and Jonathan Clements recommends five yea...
by pascalwager
Mon May 20, 2019 7:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs, ranked by diversification benefit
Replies: 66
Views: 4492

Re: Vanguard ETFs, ranked by diversification benefit

If an investor’s horizon is long enough for 20-30 year bond funds, why would you suggest holding any bond at all? I certainly agree that asset allocation, especially during accumulation, should primarily be driven by risk tolerance. That said, the joint life expectancy of a married couple at age 63...
by pascalwager
Mon May 20, 2019 5:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs, ranked by diversification benefit
Replies: 66
Views: 4492

Re: Vanguard ETFs, ranked by diversification benefit

If an investor’s horizon is long enough for 20-30 year bond funds, why would you suggest holding any bond at all? I certainly agree that asset allocation, especially during accumulation, should primarily be driven by risk tolerance. That said, the joint life expectancy of a married couple at age 63...
by pascalwager
Fri May 17, 2019 10:43 pm
Forum: Investing - Theory, News & General
Topic: Bonds beyond Total Bond Market - Anyone ?
Replies: 47
Views: 3488

Re: Bonds beyond Total Bond Market - Anyone ?

I haven't pulled the trigger yet, but I'm considering the following fixed income AA for a 54/46 portfolio: -Vg Variable Annuity acct: Total Bond Market fund* -Vg IRA acct: Inflation Protected Securities fund -Vg Individual acct: CA IT Tax-Exempt fund & IT Tax-Exempt fund (50/50) *I don't particularl...
by pascalwager
Fri May 17, 2019 10:29 pm
Forum: Investing - Theory, News & General
Topic: Bonds beyond Total Bond Market - Anyone ?
Replies: 47
Views: 3488

Re: Bonds beyond Total Bond Market - Anyone ?

Folks, Anyone using any fixed income asset class beside Total Bond Market ? Absolutely! In fact, it is hard to understand why most would use a TBM fund. If you need money in X years, the best solution is probably getting a ZC maturing in X years, which maximizes yield. If one wanted to diversify in...
by pascalwager
Tue May 14, 2019 10:03 am
Forum: Investing - Theory, News & General
Topic: What is your U.S./ex-U.S. stock allocation?
Replies: 210
Views: 10647

Re: What is your U.S./ex-U.S. stock allocation?

In my taxable account, I mirror the Target Date Fund in my IRA to determine my mix of US/international. I figure the experts at Vanguard know more than I do, so I'll just follow along with them. If they were experts, why would they work for anyone to earn paycheck? My point is that they put a lot o...
by pascalwager
Mon May 06, 2019 4:06 pm
Forum: Investing - Theory, News & General
Topic: What worst case scenario should bonds cover?
Replies: 47
Views: 2403

Re: What worst case scenario should bonds cover?

1.) The idea that drawing from bonds during a depression is an efficient approach sounds a bit like a bucket approach, meaning only one way rebalancing. There is some data suggesting this approach may not actually be ideal despite it’s intuitive sense. In short, the article below found a simple 60/...
by pascalwager
Wed May 01, 2019 7:48 pm
Forum: Investing - Theory, News & General
Topic: Target Date Funds doing it backwards?
Replies: 44
Views: 4861

Re: Target Date Funds doing it backwards?

Yes, Vg TDF may be "doing it backwards". Based on historical studies, Arnott and Estrada believe the glidepath should be rising equity up to retirement and then declining equity during retirement. Also, Estrada showed that a fixed retirement income AA should have at least 40% stocks. Estrada also sh...
by pascalwager
Tue Apr 30, 2019 8:00 pm
Forum: Investing - Theory, News & General
Topic: Google sheets not pulling stock prices
Replies: 112
Views: 13731

Re: Google sheets not pulling stock prices

I went to Google Sheets, Help, Report a Problem and informed them that it's not working for VTIAX. This has been an intermittent issue for at least a year now. See e.g. https://issuetracker.google.com/issues/76403135. It's always been resolved within a few days. Still broken. I haven't seen any res...
by pascalwager
Mon Apr 29, 2019 2:35 pm
Forum: Investing - Theory, News & General
Topic: Back testing assets: best results with long term treasury yet common advice is aggregated bonds or global bonds. Why?
Replies: 41
Views: 2009

Re: Back testing assets: best results with long term treasury yet common advice is aggregated bonds or global bonds. Why

Some people like the bond side to be for stability. While noncorrelated with stocks, LTT are just as risky. I would want at least a few years expenses in ST/IT bonds in case interest rates go up at the same time that stocks crash. Also, from a timing standpoint, buying LTT now would be a bad move w...
by pascalwager
Mon Apr 29, 2019 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Estimated Taxes in Retirement
Replies: 31
Views: 3018

Re: Paying Estimated Taxes in Retirement

While doing my last "working year" income taxes yesterday, it occurred to me that I need to keep very careful track that we're making the correct tax payments going forward... I am very careful to never pay them a nickel before the absolute last minute it is due. The estimated tax payments they wou...
by pascalwager
Sun Apr 28, 2019 11:02 pm
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 307
Views: 38120

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

Ironically, it was the Vanguard international bonds study itself that leads me to believe that I don't need them.
by pascalwager
Fri Apr 26, 2019 6:52 pm
Forum: Personal Consumer Issues
Topic: Any affordable place for Dental Implants in the Northwest USA ?
Replies: 23
Views: 1790

Re: Any affordable place for Dental Implants in the Northwest USA ?

For me, so far: $2,900 for imaging and bone graft. Cost has risen astronomically over the last 15 years or so. Northern CA.
by pascalwager
Thu Apr 25, 2019 10:53 pm
Forum: Investing - Theory, News & General
Topic: Google sheets not pulling stock prices
Replies: 112
Views: 13731

Re: Google sheets not pulling stock prices

It's back to normal for me. It's pulling up VTIAX again.
by pascalwager
Wed Apr 24, 2019 11:15 pm
Forum: Investing - Theory, News & General
Topic: Google sheets not pulling stock prices
Replies: 112
Views: 13731

Re: Google sheets not pulling stock prices

I went to Google Sheets, Help, Report a Problem and informed them that it's not working for VTIAX.
by pascalwager
Wed Apr 24, 2019 10:35 am
Forum: Investing - Theory, News & General
Topic: Google sheets not pulling stock prices
Replies: 112
Views: 13731

Re: google finance no longer able to query some tickers in Google Sheets

I am experiencing the same thing. Symbol VTIAX and VMFXX no longer return data in GOOGLEFINANCE functions. I don't think Google actually cares much about this. They have been letting their finance support fade for a few years. Yes, VTIAX just went bad on me yesterday; so I need to now enter the pri...
by pascalwager
Wed Apr 24, 2019 10:25 am
Forum: Investing - Theory, News & General
Topic: Vanguard variable annuity: New total international fund is cheaper than total stock?
Replies: 4
Views: 576

Re: Vanguard variable annuity: New total international fund is cheaper than total stock?

I gather this is related to the fact that the new Total International insurance fund is just a collection of regular Vanguard admiral funds with tons of assets, whereas one of the Total Stock insurance fund's underlying funds is a purebred insurance fund with far fewer assets. But that doesn't expl...
by pascalwager
Tue Apr 23, 2019 9:17 pm
Forum: Investing - Theory, News & General
Topic: AA Question: How to represent cash in allocation
Replies: 13
Views: 777

Re: AA Question: How to represent cash in allocation

If your cash is sized for ten years of spending, then it becomes a bucket, and is excluded from rebalancing into stocks when the market is down. This has been shown to be less efficient than maintaining the cash as a fixed percentage rather than a fixed dollar amount. My own AA is 54/0/46 (no bonds,...
by pascalwager
Mon Apr 22, 2019 9:32 pm
Forum: Personal Investments
Topic: Should I be in Bonds?
Replies: 20
Views: 1608

Re: Should I be in Bonds?

If you're doing a rising equity (RE) glidepath (as per Estrada studies) in the accumulation stage, then you might want to start out at 80 to 100% bonds. You would end up at the mirror-image AA at retirement and then begin a declining equity (DE) glidepath in retirement.
by pascalwager
Mon Apr 22, 2019 4:40 pm
Forum: Personal Investments
Topic: Short Term Bond Index vs. Prime Money Market
Replies: 30
Views: 3451

Re: Short Term Bond Index vs. Prime Money Market

I listed the current average maturities (years) for some of the DFA short-term bond funds (5-years maximum). The maturities are based on current yield curves under the guidance of Steven Pleshka, longtime DFA bond funds manager. I use them as a guide in selecting my Vanguard bond funds overall matur...
by pascalwager
Wed Apr 17, 2019 2:29 pm
Forum: Personal Investments
Topic: Updating Outside Investments on Web Site
Replies: 13
Views: 642

Re: Updating Outside Investments on Web Site

Vanguard Other Investments works well for me. I have some outside DFA funds in a Schwab account and only need to update the quantities after the quarterly distributions-- otherwise, no buying or selling. If it did stop working, I would just stop using it and rely solely on my Google spreadsheet.
by pascalwager
Tue Apr 16, 2019 9:34 am
Forum: Personal Investments
Topic: Short Term Bond Index vs. Prime Money Market
Replies: 30
Views: 3451

Re: Short Term Bond Index vs. Prime Money Market

The Money Market yield is likely to fall which would make the short term bond fund appreciate. Then you are stuck with a 2% yield instead of being locked into a 2.5% yield for 2-3 years. Just hold duration similar to your investment horizon. If you are saving less than year emergency fund, use mone...
by pascalwager
Mon Apr 15, 2019 11:30 pm
Forum: Investing - Theory, News & General
Topic: What is your one favorite fixed income for retirement?
Replies: 46
Views: 6096

Re: What is your one favorite fixed income for retirement?

I'm retired and all of my fixed income (46%) is in money market funds, so my fixed income duration is zero (0). I'm thinking of raising the duration a smidgen to match the DFA short-term funds which ride the yield curve. For example, the DFA one-year govt fund is currently at 0.87 years duration. I...
by pascalwager
Mon Apr 15, 2019 11:21 pm
Forum: Investing - Theory, News & General
Topic: What is your one favorite fixed income for retirement?
Replies: 46
Views: 6096

Re: What is your one favorite fixed income for retirement?

I'm retired and all of my fixed income (46%) is in money market funds, so my fixed income duration is zero (0). I'm thinking of raising the duration a smidgen to match the DFA short-term funds which ride the yield curve. For example, the DFA one-year govt fund is currently at 0.87 years duration. I...
by pascalwager
Mon Apr 15, 2019 2:59 pm
Forum: Investing - Theory, News & General
Topic: What is your one favorite fixed income for retirement?
Replies: 46
Views: 6096

Re: What is your one favorite fixed income for retirement?

I'm retired and all of my fixed income (46%) is in money market funds, so my fixed income duration is zero (0). I'm thinking of raising the duration a smidgen to match the DFA short-term funds which ride the yield curve. For example, the DFA one-year govt fund is currently at 0.87 years duration. I ...
by pascalwager
Mon Apr 15, 2019 2:38 am
Forum: Investing - Theory, News & General
Topic: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")
Replies: 59
Views: 8495

ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")

Case59 wrote:
Sun Apr 14, 2019 9:28 pm
Do they still make grape bricks? Where can one buy them?

Asking for a friend.
After midnight, in a warehouse down by the harbor. Tell your friend to come alone, knock three times...then twice more.
by pascalwager
Mon Apr 15, 2019 1:05 am
Forum: Investing - Theory, News & General
Topic: Holding LT Treasury bonds in high equity portfolio with flat yield curve
Replies: 36
Views: 2808

Re: Holding LT Treasury bonds in high equity portfolio with flat yield curve

From what I recall, Estrada reasoned that the equity portion could grow more effectively when it was the largest portion (following decades of contributions), and Arnott, in another study, came to the same conclusion. Now the OP stated that one might be using a 90/10 or 80/20 fixed AA for accumulat...
by pascalwager
Sun Apr 14, 2019 10:23 pm
Forum: Investing - Theory, News & General
Topic: Holding LT Treasury bonds in high equity portfolio with flat yield curve
Replies: 36
Views: 2808

Re: Holding LT Treasury bonds in high equity portfolio with flat yield curve

Note: If you had a fixed AA in accumulation, the Estrada studies showed that you could maintain the same AA in retirement with good results and low failures. With a rising equity glidepath in accumulation, then, yes, the retirement glidepath should be a declining equity glidepath according to Estra...
by pascalwager
Sun Apr 14, 2019 8:03 pm
Forum: Investing - Theory, News & General
Topic: Holding LT Treasury bonds in high equity portfolio with flat yield curve
Replies: 36
Views: 2808

Re: Holding LT Treasury bonds in high equity portfolio with flat yield curve

At some point in retirement, do you begin reducing the duration of your LTT strategy? I have enjoyed reading this read. I am not as advanced as the others who have been responding to my OP, but to answer your question I'd think you'd have some options. First off, as in the OP I was talking about an...
by pascalwager
Sun Apr 14, 2019 6:56 pm
Forum: Investing - Theory, News & General
Topic: Holding LT Treasury bonds in high equity portfolio with flat yield curve
Replies: 36
Views: 2808

Re: Holding LT Treasury bonds in high equity portfolio with flat yield curve

At some point in retirement, do you begin reducing the duration of your LTT strategy?
by pascalwager
Tue Apr 09, 2019 2:51 am
Forum: Investing - Theory, News & General
Topic: Unconventional investment choices
Replies: 86
Views: 7171

Re: Unconventional investment choices

All of my 46% fixed income is in money market funds--mostly Treasury, also Prime. I guess that's unusual, especially considering the fact that the popular TBM fund maturity is 8.3 years.
by pascalwager
Mon Apr 08, 2019 12:11 pm
Forum: Investing - Theory, News & General
Topic: When cash is riskier than bonds
Replies: 58
Views: 6639

Re: When cash is riskier than bonds

As a retiree, I agree. Then there's Paul Merriman's approach, kind of between you and Jalbert: 50% ITT 30% STT 20% ST TIPS What is the argument for short term TIPS? There is very little risk of unexpected inflation in the short term. And TIPS in general have not performed as well as nominal Treasur...
by pascalwager
Sat Apr 06, 2019 11:28 am
Forum: Personal Investments
Topic: Retiree FI Portfolio Suggestions
Replies: 2
Views: 541

Re: Retiree FI Portfolio Suggestions

One thought is that in the 32/9.3% bracket your taxable bonds should be municipals. I think since they are only 1/4 of your total bond holdings that using only a California municipal fund would be fine. I guess the way I would approach this is how much risk do you want to take? Maybe you should jus...
by pascalwager
Sat Apr 06, 2019 11:04 am
Forum: Personal Investments
Topic: TIPS Funds Dividend.
Replies: 8
Views: 1283

Re: TIPS Funds Dividend.

I realized that the short-term fund does"nt pay out a dividend in March. The long-term one does sometimes but this year no. Still keeping them as part of my plan. Take care. I'm interested in how you're using them. Both in your IRA to get a specific duration? Are you retired? I'm considering that o...
by pascalwager
Fri Apr 05, 2019 5:40 pm
Forum: Personal Investments
Topic: Retiree FI Portfolio Suggestions
Replies: 2
Views: 541

Retiree FI Portfolio Suggestions

I'm looking for some fixed income (FI) suggestions. All opinions are welcome. Age 76, retired. Pension: 2% max COLA, 80% floor. No SS. Taxes: 32% federal, 9.3% state (CA), Head of Household. No debts. Own home. Employer health plan. Present portfolio: 54/46 stocks/FI, $2.3 million. I intend to draw ...
by pascalwager
Thu Apr 04, 2019 1:48 am
Forum: Investing - Theory, News & General
Topic: I hate bonds
Replies: 116
Views: 13115

Re: I hate bonds

I finally realized that it's not bond funds that I hate. I just don't know how to use them and I don't think writers do a good job of explaining how to use them--usually just providing unconvincing recommendations and inadequate examples. So right now, until I learn more, I'm going to stay in money ...
by pascalwager
Tue Apr 02, 2019 3:28 pm
Forum: Investing - Theory, News & General
Topic: Which Vanguard Dividend Fund to pick?
Replies: 47
Views: 3467

Re: Which Vanguard Dividend Fund to pick?

VHDYX is categorized as a large value fund by Vanguard. So, yes, it might add diversification to your existing portfolio if you accept the idea that more factors (value, small, etc.) add diversification.
by pascalwager
Tue Apr 02, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: time to move from short term bonds to longer term?
Replies: 52
Views: 4120

Re: time to move from short term bonds to longer term?

vineviz wrote; At the risk of piling on, I agree with the others that "funds ... not needed any time soon" should never be invested in money markets or short-term bonds to begin with. I believe that this overstates the case against short longer duration. Bill Bernstein, a brilliant, highly accompli...
by pascalwager
Thu Mar 28, 2019 1:15 am
Forum: Investing - Theory, News & General
Topic: What is the Duration of Your Bond Portfolio? And Why?
Replies: 71
Views: 11763

Re: What is the Duration of Your Bond Portfolio? And Why?

That’s market timing on bond side :-) I am intermediate term taxable and tax-exempt. I look at it as accepting the best offer. MM made me a better yield offer than STT after considering the interest rate risk difference. DFA basically does this in adjusting the maturity of their short-term funds. I...
by pascalwager
Wed Mar 27, 2019 11:32 pm
Forum: Investing - Theory, News & General
Topic: What is the Duration of Your Bond Portfolio? And Why?
Replies: 71
Views: 11763

Re: What is the Duration of Your Bond Portfolio? And Why?

columbia wrote:
Wed Mar 27, 2019 6:10 am
Short term treasuries.

I’ll let others take the longer duration and credit risks.
I'm similar: 100% money market. If the yield spread improves, then I'll go back to STT.

In one account I don't have access to STT, so I would barbell 30% TBM and 70% money market to simulate STT.
by pascalwager
Wed Mar 27, 2019 2:52 am
Forum: Investing - Theory, News & General
Topic: time to move from short term bonds to longer term?
Replies: 52
Views: 4120

Re: time to move from short term bonds to longer term?

Let me ask a slightly different question: if my bonds are part of my core portfolio, I.e. the bonds I will hold probably forever as my “bond” allocation in my AA, should they be long term bonds? By the “how long will I hold them” criteria the answer is yes? Question 2: If they end up dropping due t...
by pascalwager
Wed Mar 27, 2019 1:54 am
Forum: Investing - Theory, News & General
Topic: time to move from short term bonds to longer term?
Replies: 52
Views: 4120

Re: time to move from short term bonds to longer term?

I know no one can predict which way interest rates will move, but since the Fed appears to have stopped/slowed down raising rates this year and maybe next year, is it time to move a percentage of money market and some short term bonds to intermediate or even longer term bonds in anticipation of get...
by pascalwager
Sun Mar 24, 2019 1:40 am
Forum: Personal Investments
Topic: The case for 100% equities
Replies: 199
Views: 12967

Re: The case for 100% equities

Javier Estrada provides exhibit table historical summary statistics which show failure rates, mean, median, and other important percentile distributions for allocations ranging from 40% to 100% stocks. These could help an investor select a static strategy for a 30-year retirement.
by pascalwager
Sun Mar 24, 2019 1:17 am
Forum: Personal Investments
Topic: 1035 exchange
Replies: 7
Views: 749

Re: 1035 exchange

I recently completed an Advisors Edge VA 1035 exchange to Vanguard and it went smoothly and quickly. My old insurance company seemed glad to see me go, and that probably helped. I'm now saving thousands each year on fees. And I didn't have an online account before, but now I do.
by pascalwager
Fri Mar 22, 2019 11:43 pm
Forum: Investing - Theory, News & General
Topic: Retired Investors - Do You Keep Cash For Down Years
Replies: 107
Views: 8384

Re: Retired Investors - Do You Keep Cash For Down Years

I didn't change anything about my asset allocation when I retired. I'm 60/40, with 20% of fixed-income in stable value and half in bond index. Javier Estrada would seemingly highly approve of your 60/40 static AA portfolio. (He personally seems to prefer 100% stocks, but held from youth through ret...
by pascalwager
Fri Mar 22, 2019 10:09 pm
Forum: Investing - Theory, News & General
Topic: Retired Investors - Do You Keep Cash For Down Years
Replies: 107
Views: 8384

Re: Retired Investors - Do You Keep Cash For Down Years

I learned in the Great Recession that having this time buffer, 2 - 3 years of time in which you don't have sell a single share of equity, plenty of time to formulate a plan on how best to minimize your psychological pain and financial loss was a good anti-depressant. Most sharp severe market downtu...