Search found 97 matches

by AgnosticInvestor
Sat Jan 04, 2014 10:57 pm
Forum: Personal Consumer Issues
Topic: What treats do you deserve as a Boglehead?
Replies: 25
Views: 1924

Re: What treats do you deserve as a Boglehead?

"Money is fungible." Exactly. It has no purpose, on an individual level, other than that which we imagine for it. (It is likely less interested in us than we are in it.)
by AgnosticInvestor
Sat Jan 04, 2014 10:25 pm
Forum: Personal Consumer Issues
Topic: What treats do you deserve as a Boglehead?
Replies: 25
Views: 1924

Re: What treats do you deserve as a Boglehead?

Frugality for me is largely confined to investing. Active investing, and the concomitant fees, I find to be an affront. The brilliance that is on display here, day after day, has allowed me to get my ER down to 9 bps. I splurge on everything else. It's weakness of mine.
by AgnosticInvestor
Sat Jan 04, 2014 8:52 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on books a year?
Replies: 47
Views: 3145

Re: How much do you spend on books a year?

At least $1,000. I love them. I've been blessed with the ability to read quickly. I cannot imagine reading a book on an e-reader, though. Then again, I didn't own a cellphone until 2007, so I may have to adjust to the new reality!
by AgnosticInvestor
Sat Jan 04, 2014 6:54 pm
Forum: Personal Consumer Issues
Topic: The Funniest Movie Ever
Replies: 227
Views: 22854

Re: The Funniest Movie Ever

I once saw "Trading Places" dubbed in German. I was so captivated by it, I watched the whole thing. It was pretty well done, a perfect blend of "Prussian" and Bavarian dialects, based on the characters. "Why are you watching this?" my girlfriend at the time asked. "I don't know," was my response.
by AgnosticInvestor
Sat Jan 21, 2012 8:01 pm
Forum: Investing - Theory, News & General
Topic: Why is Wellesley doing so well??
Replies: 34
Views: 5812

Re: Why is Wellesley doing so well??

According to M* analysis, Wellington has been the Wellington of today since 1978: In 1978, Vanguard took the fund back to the future by restructuring it into a disciplined, value-oriented hybrid fund that would keep asset allocation between 60% and 70% stocks and 30% and 40% bonds and refocus on th...
by AgnosticInvestor
Sat Jan 21, 2012 7:49 am
Forum: Investing - Theory, News & General
Topic: Why is Wellesley doing so well??
Replies: 34
Views: 5812

Re: Why is Wellesley doing so well??

Fair enough! Let me look into it. Love being proved wrong (not kidding). Being 'assured' is the death of any executive. Wellington wasn't always the Wellington we know today. It didn't always have the advantage of VG's unique corporate structure, and extraordinarily low expenses. Wellington went th...
by AgnosticInvestor
Fri Jan 20, 2012 10:58 pm
Forum: Investing - Theory, News & General
Topic: Why is Wellesley doing so well??
Replies: 34
Views: 5812

Re: Why is Wellesley doing so well??

Being in the right place at the right time, plus...superior security selection (issue selection for bonds, and stock selection for equities). Sometimes active managers get it right. The active managers of Wellington and Wellesley have been getting it right for a long time ... There are some active ...
by AgnosticInvestor
Fri Jan 20, 2012 9:33 pm
Forum: Personal Consumer Issues
Topic: "Blade Runner" Asking your Opinion
Replies: 104
Views: 6765

Re: "Blade Runner" Asking your Opinion

I haven't had time to read the entire thread, but my thought was that Deckard as a replicant was a given. I'd have to watch the film through a different lens if the idea that he isn't one is a possibility.
by AgnosticInvestor
Fri Jan 20, 2012 9:21 pm
Forum: Investing - Theory, News & General
Topic: What is risk? Define risk in your own words?
Replies: 52
Views: 5075

Re: What is risk? Define risk in your own words?

That and standard deviation of excess return (tracking error). The best single metric.
by AgnosticInvestor
Fri Jan 20, 2012 9:14 pm
Forum: Investing - Theory, News & General
Topic: What is risk? Define risk in your own words?
Replies: 52
Views: 5075

Re: What is risk? Define risk in your own words?

Excellent question. I have no answer other than that I have to invest in the capital markets (stocks and bonds) because not doing so will result in poverty. A large chunk of cash, uninvested, will lead me to the poor house...eventually.
by AgnosticInvestor
Fri Jan 20, 2012 8:48 pm
Forum: Investing - Theory, News & General
Topic: Why is Wellesley doing so well??
Replies: 34
Views: 5812

Re: Why is Wellesley doing so well??

Being in the right place at the right time, plus...superior security selection (issue selection for bonds, and stock selection for equities). Sometimes active managers get it right. The active managers of Wellington and Wellesley have been getting it right for a long time ... There are some active ...
by AgnosticInvestor
Sat Jan 14, 2012 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Wellington vs. Total Stk./Total Bond Idx. mix ?
Replies: 27
Views: 4902

Re: Wellington vs. Total Stk./Total Bond Idx. mix ?

One small comment: I'm an indexer (and a total market one at that) because I like the 'cleanness' of it. However, having a substantial investment in Wellington or Wellesley is fine, and is perhaps a superior approach. The combination of dividend-paying stocks and high-grade corporate bonds has a lot...
by AgnosticInvestor
Sat Jan 14, 2012 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Wellington vs. Total Stk./Total Bond Idx. mix ?
Replies: 27
Views: 4902

Re: Wellington vs. Total Stk./Total Bond Idx. mix ?

Sorry, I again misplaced my comment on nisiprius's orginal comment. This was my comment:

What a response! This is why I keep coming back to this site. Measured, reasonable, spot on. Very good. Thanks.
by AgnosticInvestor
Sat Jan 14, 2012 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Wellington vs. Total Stk./Total Bond Idx. mix ?
Replies: 27
Views: 4902

Re: Wellington vs. Total Stk./Total Bond Idx. mix ?

I don't know a quick-and-easy way to test a 65/35 portfolio, but, rather conveniently, Vanguard Balanced Index Fund (VBINX) is a constantly-rebalanced 60/40 mix of Total Stock and Total Bond. To see what happened in the past, go to Morningstar.com, type VBINX into the Quote box, wait for drop-down,...
by AgnosticInvestor
Fri Jan 13, 2012 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Found $100 Bill at Walmart
Replies: 161
Views: 15062

Re: Found $100 Bill at Walmart

I'll assume that this is an exercise in ethics, as the original story is fantastic (the manager reviewed the videotape while you were standing there?!). OK, anyway, I would give it to the cashier as I would anything more than a quarter. Not because I'm overly ethical, but simply because it's right.
by AgnosticInvestor
Fri Jan 13, 2012 9:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Windsor II vs Large Cap Value Index Fund
Replies: 7
Views: 1438

Re: Vanguard Windsor II vs Large Cap Value Index Fund

Sorry, I must have replied in the wrong place. This was my response:

Yes. It's a large cap value fund with a low ER and it's non-concentrated. A fine proxy.
by AgnosticInvestor
Fri Jan 13, 2012 9:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Windsor II vs Large Cap Value Index Fund
Replies: 7
Views: 1438

Re: Vanguard Windsor II vs Large Cap Value Index Fund

Hi all. It's time for me to rebalance, and my plan call for purchasing more Large Cap Value Index. But the way our accounts are arranged between employers, I don't have enough access to the Index in existing accounts to rebalance adequately. My new employer plan does have the Windsor II fund, which...
by AgnosticInvestor
Fri Jan 13, 2012 9:18 pm
Forum: Investing - Theory, News & General
Topic: Why is Wellesley doing so well??
Replies: 34
Views: 5812

Re: Why is Wellesley doing so well??

Being in the right place at the right time, plus...superior security selection (issue selection for bonds, and stock selection for equities). Sometimes active managers get it right. To clarify, issue selection may have outweighed stock selection or vice versa. In other words, the equity managers ma...
by AgnosticInvestor
Fri Jan 13, 2012 9:05 pm
Forum: Investing - Theory, News & General
Topic: Why is Wellesley doing so well??
Replies: 34
Views: 5812

Re: Why is Wellesley doing so well??

Being in the right place at the right time, plus...superior security selection (issue selection for bonds, and stock selection for equities). Sometimes active managers get it right.
by AgnosticInvestor
Fri Jan 13, 2012 8:39 pm
Forum: Investing - Theory, News & General
Topic: The Bottom Line: Just sit there.
Replies: 31
Views: 4852

Re: The Bottom Line: Just sit there.

Could not agree more. I struggle, mightily, against the urge to fashion a 'perfect' portfolio. Posts like this keep me from acting on those urges. Many of us do, but we've learned to refrain and sleep well every night. An essential part of Boglehead investing includes having the discipline to under...
by AgnosticInvestor
Fri Jan 13, 2012 8:34 pm
Forum: Investing - Theory, News & General
Topic: The Bottom Line: Just sit there.
Replies: 31
Views: 4852

Re: The Bottom Line: Just sit there.

Could not agree more. I struggle, mightily, against the urge to fashion a 'perfect' portfolio. Posts like this keep me from acting on those urges. I am struggling with exactly this urge right now. I'm thinking about a small change to our portfolio and can't make up my mind whether I should "do some...
by AgnosticInvestor
Sun Jan 08, 2012 6:09 pm
Forum: Investing - Theory, News & General
Topic: The Bottom Line: Just sit there.
Replies: 31
Views: 4852

Re: The Bottom Line: Just sit there.

Could not agree more. I struggle, mightily, against the urge to fashion a 'perfect' portfolio. Posts like this keep me from acting on those urges.
by AgnosticInvestor
Sun Jan 08, 2012 6:01 pm
Forum: Personal Consumer Issues
Topic: Top 10 websites you view daily/semi-daily
Replies: 53
Views: 6998

Re: Top 10 websites you view daily/semi-daily

Google
NYTimes
Bloomberg
HuffPo
Yahoo
MarketWatch
The Onion
Bogleheads
Slate
New Yorker
by AgnosticInvestor
Sun Jan 08, 2012 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Wellington or Vanguard 2020?
Replies: 8
Views: 1934

Re: Wellington or Vanguard 2020?

Although the Wellington Management Co. is an outstanding organization, I'd go with the index fund. Then again, VWELX has its charm in the form of superior risk-adjusted returns versus a combination of similarly-tilted index funds. At least in the past.
by AgnosticInvestor
Sun Jan 08, 2012 5:42 pm
Forum: Personal Consumer Issues
Topic: David Bowie is turning 65......
Replies: 12
Views: 1244

Re: David Bowie is turning 65......

Leesbro63 wrote:Ground control to major Tom....
Ha,ha, very good! Back when the space race infused popular culture. No longer. 'Houston, we've had a problem.' A shame.
by AgnosticInvestor
Sun Jan 08, 2012 5:30 pm
Forum: Investing - Theory, News & General
Topic: Junk Bonds have outperformed Stocks
Replies: 155
Views: 10828

Re: Junk Bonds have outperformed Stocks

Is the high-yield bond market a U.S. phenomenon? How many companies in Europe rely on the provision of credit through securities markets rather than through bank loans? I agree that it's a separate asset class, but what is its utility for an investor? It's its interaction with the other parts of a p...
by AgnosticInvestor
Sun Jan 08, 2012 3:02 pm
Forum: Investing - Theory, News & General
Topic: What is the single most important investing belief?
Replies: 128
Views: 10869

Re: What is the single most important investing belief?

To me it's this: shovel as much money as you possibly can into tax-advantaged accounts. I'd rather oversave and retire early than deal with the alternative. In terms of what to invest in, I use low-cost index funds simply because I know what to expect: the market return for a particular asset class...
by AgnosticInvestor
Sun Jan 08, 2012 2:54 pm
Forum: Investing - Theory, News & General
Topic: Junk Bonds have outperformed Stocks
Replies: 155
Views: 10828

Re: Junk Bonds have outperformed Stocks

It is pretty clear to me that many people who have decided on an asset allocation of stocks:bonds will always include junk bonds as part of their bond allocation. That is, they will equate the junk bond in their 401(k) with the same risk characteristics of all the other bond funds in their 401(k) p...
by AgnosticInvestor
Sat Jan 07, 2012 8:52 pm
Forum: Investing - Theory, News & General
Topic: Junk Bonds have outperformed Stocks
Replies: 155
Views: 10828

Re: Junk Bonds have outperformed Stocks

I've thought of this, too. It only makes sense if one's entire portfolio (in tax-advantage accounts) is solely junk bonds. It's a bit too contrarian for me, but it's interesting nonetheless!
by AgnosticInvestor
Sat Jan 07, 2012 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: New Vanguard International Bond fund
Replies: 9
Views: 1437

Re: New Vanguard International Bond fund

I think there are two (one developed, one EM). I believe both are hedged, eliminating, for the most part, currency risk. This does interest me (different interest rate environments, etc.). The cost of adding this might be a concern (canceling out any possible benefit).
by AgnosticInvestor
Sat Jan 07, 2012 8:22 pm
Forum: Personal Consumer Issues
Topic: Buying shoes
Replies: 17
Views: 1918

Re: Buying shoes

civi68 wrote:Also, an inflation hedge. With my bank account almost zero interest, it' best to buy a $200 hiking boot for $85 even if you don't need it now. I won't need another pair for many years now.
No argument here...it's actually an intriguing idea.
by AgnosticInvestor
Sat Jan 07, 2012 8:10 pm
Forum: Investing - Theory, News & General
Topic: What is the single most important investing belief?
Replies: 128
Views: 10869

Re: What is the single most important investing belief?

To me it's this: shovel as much money as you possibly can into tax-advantaged accounts. I'd rather oversave and retire early than deal with the alternative. In terms of what to invest in, I use low-cost index funds simply because I know what to expect: the market return for a particular asset class....
by AgnosticInvestor
Sat Jan 07, 2012 7:42 pm
Forum: Personal Consumer Issues
Topic: Buying shoes
Replies: 17
Views: 1918

Re: Buying shoes

Does anyone buy shoes although they don't need them and pack them away for the future? I saw some great deals on hiking boots. However, I probably won't need new ones for a few years. I wonder if shoe materials wear out over time even if you don't wear them. What a remarkably strange question, alth...
by AgnosticInvestor
Sat Jan 07, 2012 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Are you or could you be friends with another Boglehead?
Replies: 64
Views: 5202

Re: Are you or could you be friends with another Boglehead?

What a great question. As far as I know, I don't know any Bogleheads. I might have to make it to a gathering one of these days.
by AgnosticInvestor
Fri Jan 06, 2012 11:04 pm
Forum: Investing - Theory, News & General
Topic: The Easiest 50/50 Active/Index Portfolio Ever Created!
Replies: 18
Views: 2231

Re: The Easiest 50/50 Active/Index Portfolio Ever Created!

jumpin wrote:
AgnosticInvestor wrote:It reminds me of the charge leveled against French intellectuals: it works in practice, but does it work in theory?!
It works in theory, but does it work in practice?
His is a practical portfolio; the theory behind it will come later (if it needs to come at all).
by AgnosticInvestor
Fri Jan 06, 2012 8:22 pm
Forum: Investing - Theory, News & General
Topic: The Easiest 50/50 Active/Index Portfolio Ever Created!
Replies: 18
Views: 2231

Re: The Easiest 50/50 Active/Index Portfolio Ever Created!

It reminds me of the charge leveled against French intellectuals: it works in practice, but does it work in theory?!
by AgnosticInvestor
Fri Jan 06, 2012 7:55 pm
Forum: Investing - Theory, News & General
Topic: "The 'best' place to put your money NOW."
Replies: 9
Views: 1829

Re: "The 'best' place to put your money NOW."

This is great...thanks! This article will be posted on my Facebook page (or 'liked' or whatever it is), and will be summarily ignored by those having a compulsive need to 'beat the market.' And these are my (otherwise) intelligent friends! Ugh.
by AgnosticInvestor
Fri Jan 06, 2012 7:23 pm
Forum: Investing - Theory, News & General
Topic: Should investors shift from bonds?
Replies: 53
Views: 6732

Re: Should investors shift from bonds?

I see a lot of people on the forum trying to make behavioral mistakes and people like Taylor trying to stop them. Agnosticinvestor wrote: Thank you! Although I style myself as an 'agnostic' investor (in that I 'know nothing,' ala Sgt. Schultz), this has been a concern of mine recently. I hate the b...
by AgnosticInvestor
Mon Jan 02, 2012 12:10 am
Forum: Investing - Help with Personal Investments
Topic: International Allocation & Staying the Course
Replies: 6
Views: 1094

Re: International Allocation & Staying the Course

When the USD strengthen Intl stocks will lose ground because of currency movements. The reverse happens when the USD weakens. Foreign stocks are assumed unhedged unless the fund name mentions it. Paul "...because of currency movements." Right. Now try to figure out the global fixed income world, wh...
by AgnosticInvestor
Sun Jan 01, 2012 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Mf global
Replies: 3
Views: 532

Re: Mf global

I like the question. This case has stuck in my craw for a while. 'Asleep at the switch' is no longer a reasonable excuse by regulators.
by AgnosticInvestor
Sun Jan 01, 2012 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House ... Cash or Credit?
Replies: 33
Views: 3646

Re: Buying a House ... Cash or Credit?

Pay cash and make it a bargaining chip in the price negotiation. There are so many buyers still being turned down by the lenders that sellers with any common sense will give you a break -- just like those gas stations that have different cash and credit prices. If you want, you can "refinance" late...
by AgnosticInvestor
Sun Jan 01, 2012 10:43 pm
Forum: Personal Consumer Issues
Topic: Are you left or right handed?
Replies: 33
Views: 2059

Re: Are you left or right handed?

stratton wrote:
JeremyM wrote:Left handed and proud of it: so far it's 2-0 for southpaws!
How sinister.

Paul
I only learned of the relation between left-handedness and 'sinister' recently. Never knew it before.
by AgnosticInvestor
Sun Jan 01, 2012 10:38 pm
Forum: Forum Issues and Administration
Topic: If you can't say something nice...
Replies: 31
Views: 3049

Re: If you can't say something nice...

The phrase 'whatever' was banned in my household when growing up (1980s-ish). This was in terms of its use as a response to a declarative sentence: 'Yeah, whatever" or "OK, whatever.' My father also would admonish us if we referred to my mother, in her presence, as 'she.' "She is not 'she,' she is ...
by AgnosticInvestor
Sun Jan 01, 2012 10:30 pm
Forum: Forum Issues and Administration
Topic: If you can't say something nice...
Replies: 31
Views: 3049

Re: If you can't say something nice...

The phrase 'whatever' was banned in my household when growing up (1980s-ish). This was in terms of its use as a response to a declarative sentence: 'Yeah, whatever" or "OK, whatever.' My father also would admonish us if we referred to my mother, in her presence, as 'she.' "She is not 'she,' she is '...
by AgnosticInvestor
Sun Jan 01, 2012 10:18 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2308
Views: 1457426

Re: The Three Fund Portfolio

This is my portfiolio (TSM, TISM, TBM). That's it. [My current employer was kind enough to offer the Big 3 as investment options under my 401(k) plan]. I'm constantly thinking of ways to improve it, but I'm weary of making it worse.
by AgnosticInvestor
Sun Jan 01, 2012 10:05 pm
Forum: Investing - Theory, News & General
Topic: Should investors shift from bonds?
Replies: 53
Views: 6732

Re: Should investors shift from bonds?

Thank you! Although I style myself as an 'agnostic' investor (in that I 'know nothing,' ala Sgt. Schultz), this has been a concern of mine recently. I hate the bonds in my portfolio, but, alas, they are there for a reason.
by AgnosticInvestor
Sun Jan 01, 2012 9:59 pm
Forum: Personal Consumer Issues
Topic: Movie night in recommendations
Replies: 269
Views: 25567

Re: What is your favorite movie?

SkolVikes7 wrote:Forrest Gump
Ah, yes. When I first saw this movie, I didn't like it...way too sentimental. Today, whenever it's on TV, that's what I watch, clicker parked firmly, untouched, on the coffee table. Lt. Dan makes the movie for me.
by AgnosticInvestor
Sun Jan 01, 2012 2:23 pm
Forum: Investing - Theory, News & General
Topic: credit, debit, or cash?
Replies: 54
Views: 3577

Re: credit, debit, or cash?

I try to use cash whenever I can. I honestly don't know why.
by AgnosticInvestor
Sun Jan 01, 2012 11:49 am
Forum: Forum Issues and Administration
Topic: If you can't say something nice...
Replies: 31
Views: 3049

Re: If you can't say something nice...

sscritic wrote:What if you put a smiley after your negative comment? Doesn't that make it OK?

I hate this thread. :)

See?
Did a 'spit-take' on this post! Very funny!