Search found 8470 matches

by Rick Ferri
Fri Nov 16, 2018 9:11 am
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 61
Views: 4083

Re: If riskier than US, why doesn't international outperform?

There isn't always a clear relationship between risk & return ex-post. The clear relationship is between expected risk and expected return ex-ante. We judge risk, estimate a payoff for taking that risk, then either walk away or dive in. There are no guarantees.
by Rick Ferri
Thu Nov 15, 2018 4:13 pm
Forum: Investing - Theory, News & General
Topic: "Bogleheads On Investing" podcast stats and more
Replies: 21
Views: 1448

Re: "Bogleheads On Investing" podcast stats and more

cheezit wrote:
Thu Nov 15, 2018 4:05 pm
Any chance there's a transcript somewhere, even a robo-transcript?
I agree it would be helpful. I have not done that. Perhaps you will pitch in and take care of that part.

Rick Ferri
by Rick Ferri
Thu Nov 15, 2018 4:07 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

ESG bond funds are few and far between. There is one decent one and I identify it. The alternative is to use Treasury bonds, GNMAs, and taxable municipal bonds including BAB or some combination of these.

Rick Ferri
by Rick Ferri
Wed Nov 14, 2018 9:54 pm
Forum: Investing - Theory, News & General
Topic: "Bogleheads On Investing" podcast stats and more
Replies: 21
Views: 1448

Re: "Bogleheads On Investing" podcast stats and more

that's great Rick! Thanks for sharing the stats. Unfortunately it looks like you lost half your audience after your first interview! No doubt he was a great first guest. However, the newer podcasts help Jack's numbers. Every time I post a new interview, the older podcasts get new listeners also. It...
by Rick Ferri
Wed Nov 14, 2018 9:36 pm
Forum: Investing - Theory, News & General
Topic: "Bogleheads On Investing" podcast stats and more
Replies: 21
Views: 1448

"Bogleheads On Investing" podcast stats and more

The Bogleheads on Investing podcast is to gaining traction thanks to you. Each episode increases in the number of new and repeat listeners. Here are our stats to date: Episode Released Total Downloads Episode 001: Bogleheads On Investing - guest John C. Bogle , host Rick Ferri, released 09/14/2018, ...
by Rick Ferri
Wed Nov 14, 2018 9:09 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

A couple of new upgrades to Core-4.com this week: Core-4 Investing is now now linked to Portfolio Visualizer . The Backtest Portfolio tool allows you to observe prior Core-4 results on one or more portfolios based on the selected mutual funds, ETFs and stocks to analyze and backtest portfolio return...
by Rick Ferri
Wed Nov 14, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 1929

Re: Investment advisors- is regulatory burden higher on fiduciaries?

If the adviser is charging a 1%, they may be using F-shares from American funds. This class of shares does not carry a load or charge a 12b-1 fee. From the American Funds site : Class F-1, F-2, F-3 and 529-F-1 shares: You pay an asset-based fee for F-1, F-2, F-3 or 529-F-1 shares based on your fina...
by Rick Ferri
Wed Nov 14, 2018 9:24 am
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 1929

Re: Investment advisors- is regulatory burden higher on fiduciaries?

If the adviser is charging a 1%, they may be using F-shares from American funds. This class of shares does not carry a load or charge a 12b-1 fee. From the American Funds site : Class F-1, F-2, F-3 and 529-F-1 shares: You pay an asset-based fee for F-1, F-2, F-3 or 529-F-1 shares based on your finan...
by Rick Ferri
Mon Nov 12, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: The Perfect Portfolio for You
Replies: 27
Views: 4218

Re: The Perfect Portfolio for You

Rick, Given your latest research, are there any of your former strategies that you'd repudiate or de-emphasize at this point in your personal financial education? I've got several of your books on my shelf, and was thinking of picking one of them up again since it's been a while since I last read i...
by Rick Ferri
Sat Nov 10, 2018 10:47 pm
Forum: Investing - Theory, News & General
Topic: The Perfect Portfolio for You
Replies: 27
Views: 4218

Re: The Perfect Portfolio for You

One Ping

Great post!

:D
by Rick Ferri
Sat Nov 10, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: The Perfect Portfolio for You
Replies: 27
Views: 4218

Re: The Perfect Portfolio for You

galeno wrote:
Fri Nov 09, 2018 1:34 pm
What about the "Core-2"?

For globalists: VT + BNDW

For US-centric: VTI + BND
Fine if that's the portfolio that works for you.

Rick Ferri
by Rick Ferri
Sat Nov 10, 2018 8:56 am
Forum: Local Chapters and Bogleheads Community
Topic: U. S. Marine Corps Birthday
Replies: 31
Views: 2282

Re: U. S. Marine Corps Birthday

Thank you all past and present Jarheads and families for your sacrifices to our great nation.

Semper Fi!

Rick Ferri
USMC Retired
1980-2000
by Rick Ferri
Sat Nov 10, 2018 7:10 am
Forum: Investing - Theory, News & General
Topic: SWAN ETF - 10% Leaps / 90% Treasuries
Replies: 24
Views: 1903

Re: SWAN ETF - 10% Leaps / 90% Treasuries

This is an old and common strategy. You buy a zero coupon bond with a percentage of your investment and buy a long-term call option on a risky asset with the rest. Assume you invest $10,000. Assume the maturity of a 3 year $10,000 face value zero coupon T-bond is $9,000. You buy $9,000 of the 3 year...
by Rick Ferri
Fri Nov 09, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: The Perfect Portfolio for You
Replies: 27
Views: 4218

Re: The Perfect Portfolio for You

Well said Rick. Sometimes folks equate the Three-fund portfolio with Boglehead-ness because it has been rightfully so successful as a strategy from a mind-share perspective. The 3-fund portfolio is kind of the Ford Model A (at least you can get it in white :happy ) and works for such a large percen...
by Rick Ferri
Fri Nov 09, 2018 11:04 am
Forum: Investing - Theory, News & General
Topic: November "Bogleheads On Investing" podcast with guest Jonathan Clements
Replies: 18
Views: 2353

Re: November "Bogleheads On Investing" podcast with guest Jonathan Clements

iamblessed wrote:
Fri Nov 09, 2018 8:15 am
I noticed he likes one brokerage and one bank/credit union idea.

Yes. I like that also. Keep it simple. Sometimes it's not possible because of circumstances, but it should be what we work toward.

Rick Ferri
by Rick Ferri
Fri Nov 09, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: The Perfect Portfolio for You
Replies: 27
Views: 4218

The Perfect Portfolio for You

Let's step back for a minute and look at the three elements of successful Boglehead investing: 1. Philosophy 2. Strategy 3. Discipline Philosophy: We all have the same beliefs - fees matter, don't try to time market, etc. The list is on the Bogleheads Wiki Strategy: This is personal. Unique to you. ...
by Rick Ferri
Fri Nov 09, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

Let's step back for a minute and look at the three elements of successful Boglehead investing: 1. Philosophy 2. Strategy 3. Discipline Philosophy: We all have the same beliefs - fees matter, don't try to time market, etc. The list is on the Bogleheads Wiki Strategy: This is personal. Unique to you. ...
by Rick Ferri
Fri Nov 09, 2018 10:38 am
Forum: Local Chapters and Bogleheads Community
Topic: Special DC Bogleheads Meeting with Steve Goss, Chief Actuary of Soc Security
Replies: 8
Views: 751

Re: Special DC Bogleheads Meeting with Steve Goss, Chief Actuary of Soc Security

Excellent! Wish I were there.

Can you put it out on the web live or record for a video?

Rick Ferri
by Rick Ferri
Thu Nov 08, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: November "Bogleheads On Investing" podcast with guest Jonathan Clements
Replies: 18
Views: 2353

Re: November "Bogleheads On Investing" podcast with guest Jonathan Clements

I've always used 30% international equity and 70% US equity as my middle-of-the-road allocation (for US investors). That split has historically worked well in the long-term.

Rick Ferri
by Rick Ferri
Thu Nov 08, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: November "Bogleheads On Investing" podcast with guest Jonathan Clements
Replies: 18
Views: 2353

Re: November "Bogleheads On Investing" podcast with guest Jonathan Clements

abuss368 wrote:
Thu Nov 08, 2018 4:38 pm
Rick Ferri wrote:
Thu Nov 08, 2018 1:31 pm
Jonathan said he personally has 50% of his equity allocation in international and it has been this way for a long time.

Rick Ferri
Wow! Rick do you allocate 50% to international?
No. But to each is own. No way to tell if this is safer or better than 30% international or 0% international.
by Rick Ferri
Thu Nov 08, 2018 3:07 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

I don't "recommend" any particular portfolio for anyone until I've spoken with them. Many investors can figure this out by themselves. Some cannot. For those people, I'm trying to create a place where you can find a trusted adviser. Not much more to it than that. Rick Ferri So the new site is not r...
by Rick Ferri
Thu Nov 08, 2018 2:58 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

I don't "recommend" any particular portfolio for anyone until I've spoken with them. Many investors can figure this out by themselves. Some cannot. For those people, I'm trying to create a place where you can find a trusted adviser. Not much more to it than that.

Rick Ferri
by Rick Ferri
Thu Nov 08, 2018 2:49 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

I don't do what you're asking me to do - make a hypothetical public investment recommendation based on a few fictitious facts with ambiguous terms like the hypothetical client has "risk tolerance about typical". My conversations with people about their actual lives and financial situation go much de...
by Rick Ferri
Thu Nov 08, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

I think Ferri has the wrong approach, or at least a muddled one. Simplicity can be good, especially for addressing some of the behavioral aspects of investing. But to take a basic idea of simplicity, then muddle it like this defeats the purpose. Don't read so much into it and you'll see what Core-4...
by Rick Ferri
Thu Nov 08, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

What I would like to know is the broad description of three types of people: one who should choose classic, one who should choose total economy, and one who should choose global markets. What are the differences of these people that would make them select different portfolios? I don't know what mak...
by Rick Ferri
Thu Nov 08, 2018 1:31 pm
Forum: Investing - Theory, News & General
Topic: November "Bogleheads On Investing" podcast with guest Jonathan Clements
Replies: 18
Views: 2353

Re: November "Bogleheads On Investing" podcast with guest Jonathan Clements

Jonathan said he personally has 50% of his equity allocation in international and it has been this way for a long time.

Rick Ferri
by Rick Ferri
Thu Nov 08, 2018 1:28 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

As long as the advisers "primarily" do low-fee investing or do it by default. I won't preclude a manager if they'll manage a client account that has low-cost basis stocks or the clients wants a few individual names.

Rick Ferri
by Rick Ferri
Wed Nov 07, 2018 8:14 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 366
Views: 19894

Re: COMING SOON: BOGLEHEADS PODCASTS

There are two more now:

Dr. David Blitzer, head of the S&P Dow Jones Index Committee

Jonathan Clements, founder of Humble Dollar, author and former Wall Street Journal columnist.

Click HERE
by Rick Ferri
Wed Nov 07, 2018 4:34 am
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14564

Re: How much money are you leaving your kids after you die?

They already have their inheritance - a fully-paid college education.

It was up to them to do something useful with it, and they have.

Rick Ferri
by Rick Ferri
Tue Nov 06, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: November "Bogleheads On Investing" podcast with guest Jonathan Clements
Replies: 18
Views: 2353

November "Bogleheads On Investing" podcast with guest Jonathan Clements

Episode #3: Bogleheads On Investing" with guest Jonathan Clements is now available. Check with iTunes or other podcast providers, or click below: Episode 003: Bogleheads On Investing with Jonathan Clements, hosted by Rick Ferri Jonathan Clements is the founder and editor of HumbleDollar . During Jon...
by Rick Ferri
Mon Nov 05, 2018 6:57 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri interview on the "Big Picture Retirement Show"
Replies: 2
Views: 1104

Rick Ferri interview on the "Big Picture Retirement Show"

I was honored to be interviewed by Devin Carroll on the Big Picture Retirement Show . Lot's of interesting stuff from my early years in the investment industry.

This is Part 1 of 2. The second part will be posted next week.

Enjoy,
Rick Ferri
by Rick Ferri
Sat Nov 03, 2018 12:25 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

My other question about this is, Rick has several portfolios setup and he has said that which strategy you select is unique to the individual. How is choosing some of these over others unique to the individual? For instance, what specific quality of an individual would make it such that an individu...
by Rick Ferri
Fri Nov 02, 2018 7:46 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

Rick I like your website. Do you have any recommendations or general guidelines for which portfolio to pick based on your stage in life such as someone entering early career versus recently retired? For example which of the core-4 would you use for an early retiree. Looks like a lot of cross over b...
by Rick Ferri
Fri Nov 02, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

Elysium, Philosophy is universal: Strategy is personal We all have the same investment philosophy. We believe in low fees, not timing markets, and not trying to beat the markets. We are Bogleheads That being said, you will not find two people on this forum who hold the exact same portfolio. That's b...
by Rick Ferri
Fri Nov 02, 2018 7:01 am
Forum: Investing - Theory, News & General
Topic: Another Brokerage Firm Caught Overcharging
Replies: 3
Views: 1414

Another Brokerage Firm Caught Overcharging

It was common practice for brokers to "split tickets" to increase their commission in my days working at a brokerage firm during the 1990s. If a client had $100,000 to invest in a single fund - enough to qualify for lower a commission rate - some brokers would "split the ticket" between two or three...
by Rick Ferri
Thu Nov 01, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Rick Ferri's new Core-4 (6 versions) Website

One criticism/note--he does not include any municipal bond funds in any of his allocations. I would be interested in hearing why not. I noticed that, too. My own four-fund portfolio is Total Stock, Total International, Total Bond, and Intermediate Tax Exempt. And that's perfectly fine. As I say on ...
by Rick Ferri
Thu Nov 01, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

The questions I have are: 1. Why do I need REITs beyond market weight? If I was holding them for the past 20 years, I would continue to hold them. As a new investor, I have yet to add them. I guess I am just looking for more explanation of why I need them. 2. Why are Ex US REITs avoided? Core-4 por...
by Rick Ferri
Thu Nov 01, 2018 9:03 am
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

Good point. First, adviser fees in the aggregate are stable to down a little. Michael Kitces just wrote a blog that analyzed the results of an annual study by InvestmentNews titled 2018 InvestmentNews Pricing & Profitability Study . The InvestmentNews research still shows that the average advisory f...
by Rick Ferri
Thu Nov 01, 2018 7:55 am
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

Typical.investor: The advice I put on the site is free, but the site itself is not free to me. I paid to have a web-designer make the site and will pay to maintain it. If a few like-minded advisers want to advertise on my site and help pay the cost to provide information to you for free, that's just...
by Rick Ferri
Thu Nov 01, 2018 5:19 am
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

For a retiree living off his/her portfolio, what, if any advantage would any of Rick's Core 4 portfolios with a conservative allocation to equities offer over Taylor Three Fund Portfolio with a conservative allocation. There is none. If Taylor's three-fund portfolio works for you, then that's the o...
by Rick Ferri
Thu Nov 01, 2018 5:16 am
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

After carefully reading all of the 6 portfolios. I came up with this for my Traditional IRA (old 401K rollover): ITOT (48%) VXUS (24%) PSCH (20%) FAHDX (8%) I really don't want to deviate from Rick's excellent choices but wanted to try eliminating REIT and added FAHDX for the bond. Any thoughts? Pl...
by Rick Ferri
Thu Nov 01, 2018 5:14 am
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

Miriam2 wrote:
Wed Oct 31, 2018 9:48 pm
Yes, I see a "Store!" :D Hats? Coffee mugs?
Just book for now. I like the hat and coffee mugs idea! Maybe t-shirts?
by Rick Ferri
Wed Oct 31, 2018 9:26 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

Different 4 fund portfolios with different allocations for different types of investors, with the same goal for everyone.
by Rick Ferri
Wed Oct 31, 2018 8:34 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

If inflation runs up to 10%, they should all eventually earn 12%.

:oops:
by Rick Ferri
Wed Oct 31, 2018 8:21 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

stan1 wrote:
Wed Oct 31, 2018 8:13 pm
To start we can refer the many people posting here right now looking for tax loss harvest pairs to this new site.
Great idea! Didn't think of that. But you're right.

That would be a good thing to expand in the future.

Rick Ferri
by Rick Ferri
Wed Oct 31, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE! It really is this time!

Feedback is appreciated.

The next upgrade will include analytics for each of the 24 portfolios and functionality to customize your own portfolio.

Rick Ferri
by Rick Ferri
Wed Oct 31, 2018 7:58 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE!

OK. Someone please try again and let me know. Thanks.

Rick
by Rick Ferri
Wed Oct 31, 2018 7:52 pm
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10088

Re: Core-4 Investing is LIVE!

Well, that's not good.