Search found 8798 matches

by Rick Ferri
Sat Nov 16, 2019 1:01 pm
Forum: Investing - Theory, News & General
Topic: Debunking Bonds in Taxable
Replies: 143
Views: 15243

Re: Debunking Bonds in Taxable

I cannot say how I will advise someone on this matter until I review their goals, investment strategy, tax situation, and needs. There are times I recommend putting bonds mainly in tax-deferred accounts (asset allocation and asset location), and there are times I recommend the same allocation in all...
by Rick Ferri
Sat Nov 16, 2019 12:57 pm
Forum: Investing - Theory, News & General
Topic: December "Bogleheads on Investing" podcast guest will be Sheryl Garrett
Replies: 4
Views: 403

December "Bogleheads on Investing" podcast guest will be Sheryl Garrett

My guest in December will be Sheryl Garrett, CFP, the founder of the Garrett Planning Network , a nationwide network of more than 300 hourly based financial advisors whose mission is to help make competent, objective financial advice accessible to all people. Garrett is frequently quoted in media an...
by Rick Ferri
Wed Nov 13, 2019 1:39 pm
Forum: Investing - Theory, News & General
Topic: Eric Balchunas, Senior ETF Analyst at Bloomberg is my guest on this "Bogleheads on Investing" podcast.
Replies: 18
Views: 1623

Re: Eric Balchunas, Senior ETF Analyst at Bloomberg is my guest on this "Bogleheads on Investing" podcast.

Most telling comment was Mr Balchunas suggesting why advisors dislike all-in-one ETFs. They earn their fee by decrying active stock picking but then go to town on the "factor soup". Yes, I also thought that was interesting. I think "career preservation" is a common motivation for people in many ind...
by Rick Ferri
Sun Nov 10, 2019 1:19 pm
Forum: US Chapters
Topic: U. S. Marine Corps Birthday
Replies: 22
Views: 1468

Re: U. S. Marine Corps Birthday

USMC Retired (1980-2001)

Semper Fi!

Rick Ferri
by Rick Ferri
Fri Nov 08, 2019 2:09 pm
Forum: Investing - Theory, News & General
Topic: How often should someone rebalance?
Replies: 43
Views: 3116

Re: How often should someone rebalance?

You'll never figure out the optimal time or number of times to rebalance. So, do at a time and in a way that you'll remember. I can also make the case rebalancing isn't needed. Cash flows can be used for rebalancing and you don't need to sell anything. I can also make a tax case for only rebalancin...
by Rick Ferri
Thu Nov 07, 2019 11:02 pm
Forum: Investing - Theory, News & General
Topic: How often should someone rebalance?
Replies: 43
Views: 3116

Re: How often should someone rebalance?

You'll never figure out the optimal time or number of times to rebalance. So, do at a time and in a way that you'll remember. I can also make the case rebalancing isn't needed. Cash flows can be used for rebalancing and you don't need to sell anything. I can also make a tax case for only rebalancing...
by Rick Ferri
Thu Nov 07, 2019 10:37 pm
Forum: Investing - Theory, News & General
Topic: Eric Balchunas, Senior ETF Analyst at Bloomberg is my guest on this "Bogleheads on Investing" podcast.
Replies: 18
Views: 1623

Eric Balchunas, Senior ETF Analyst at Bloomberg is my guest on this "Bogleheads on Investing" podcast.

Eric Balchunas, Senior ETF Analyst at Bloomberg is my guest on this "Bogleheads on Investing" podcast. Episode 015: Eric Balchunas, host Rick Ferri Eric writes research reports, articles, and feature stories about ETFs for the Bloomberg terminal and Bloomberg.com. He is a frequent speaker on ETF top...
by Rick Ferri
Mon Nov 04, 2019 8:31 am
Forum: Investing - Theory, News & General
Topic: Upcoming Nov. "Bogleheads on Investing" podcast guest is Eric Balchunas
Replies: 12
Views: 1028

Upcoming Nov. "Bogleheads on Investing" podcast guest is Eric Balchunas

This episode is everything ETF. My guest this week will be Eric Balchunas , Senior ETF Analyst, Bloomberg Intelligence. In this role, he writes research, articles and feature stories about ETFs for the Bloomberg terminal and Bloomberg.com. He also appears in a weekly on-air segment for Bloomberg TV ...
by Rick Ferri
Sun Nov 03, 2019 1:55 pm
Forum: Investing - Theory, News & General
Topic: Vanguard without Jack Bogle - Allan Roth
Replies: 28
Views: 4405

Re: Vanguard without Jack Bogle - Allan Roth

Why buy directly from Vanguard if the same VG ETFs trade free at many other brokers? Seems to me that Vanguard has lost the lead in direct-to-consumer services and functions, but they are well positioned as a fund provider like Blackrock/iShares. With zero commission trades perhaps there is no mone...
by Rick Ferri
Fri Nov 01, 2019 9:53 am
Forum: Investing - Theory, News & General
Topic: 2019 Bogleheads Conference Notes
Replies: 21
Views: 3990

Re: 2019 Bogleheads Conference Notes

GerryL wrote:
Fri Nov 01, 2019 8:18 am
Any discussion about location of the 2020 conference?
Yes, but we are waiting for permission to post upcoming conference information using a "Bogle Center" name and avatar rather than using our individual names as in the past.

Rick Ferri
by Rick Ferri
Wed Oct 30, 2019 6:38 pm
Forum: Investing - Theory, News & General
Topic: 2019 Bogleheads Conference Notes
Replies: 21
Views: 3990

Re: 2019 Bogleheads Conference Notes

A question was asked about investing in commodities and included a comment that Jack Bogle did not like commodities. The presenter from Vanguard responded that the proposed Vanguard commodities fund will not be invested in physical commodities, it will be invested in commodity futures. That answer w...
by Rick Ferri
Wed Oct 23, 2019 11:29 am
Forum: Investing - Theory, News & General
Topic: "Bogleheads on Investing" podcast transcripts are becoming available
Replies: 9
Views: 1005

"Bogleheads on Investing" podcast transcripts are becoming available

I am excited to announce that Bogleheads on Investing podcast transcripts are now becoming available. Episode #1 with Mr. Bogle and Episode #12 with Larry Swedroe are finished. https://boglecenter.net/bogleheads-on-investing-transcripts/ More to come! It was a time-consuming process for the dedicate...
by Rick Ferri
Thu Oct 10, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Is Alicia Munnell Wrong About Spousal Social Security Benefits
Replies: 19
Views: 1847

Re: Is Alicia Munnell Wrong About Spousal Social Security Benefits

If the spousal benefit has been eliminated, that's news to me. The spousal benefit has not been eliminated. I'm sure she didn't actually say that it has. Indeed, she did not. Her point was that, if you have a two-spouse, two-earner household, then relative to a two-spouse, one-earner household, the...
by Rick Ferri
Thu Oct 10, 2019 7:13 am
Forum: Personal Investments
Topic: Preferred Stock Index Fund
Replies: 49
Views: 5509

Re: Preferred Stock Index Fund

Expected given that preferred is mostly financial stocks as I explained. So, in a financial crisis, it is expected to perform poorly. I'm not big on overly protecting a portfolio from the last crisis. That's like training to fight the last war. Sector concentration is a well known uncompensated ris...
by Rick Ferri
Thu Oct 10, 2019 7:08 am
Forum: Investing - Theory, News & General
Topic: Episode 014: Bogleheads on Investing - guest Chris Mamula, host Rick Ferri
Replies: 6
Views: 1542

Re: Episode 014: Bogleheads on Investing - guest Chris Mamula, host Rick Ferri

. Chris Mamula is the lead co-author of the ChooseFI book and a financial writer for Can I Retire Yet? In this in-depth interview, Chris explains how the FIRE movement developed (Financial Independence Retire Early), and how the principles of traditional retirement planning, combined with creative ...
by Rick Ferri
Wed Oct 09, 2019 8:43 pm
Forum: Personal Investments
Topic: Preferred Stock Index Fund
Replies: 49
Views: 5509

Re: Preferred Stock Index Fund

It would be similar to (if a little riskier than) BB debt but with uncompensated sector concentration risk. Diversified high yield debt fared much better in 2008/2009: https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2008&firstMonth=1&endYear=2019&lastMonth=12&calen...
by Rick Ferri
Wed Oct 09, 2019 8:22 am
Forum: Investing - Theory, News & General
Topic: Episode 014: Bogleheads on Investing - guest Chris Mamula, host Rick Ferri
Replies: 6
Views: 1542

Episode 014: Bogleheads on Investing - guest Chris Mamula, host Rick Ferri

. Chris Mamula is the lead co-author of the ChooseFI book and a financial writer for Can I Retire Yet? In this in-depth interview, Chris explains how the FIRE movement developed (Financial Independence Retire Early), and how the principles of traditional retirement planning, combined with creative l...
by Rick Ferri
Wed Oct 09, 2019 8:16 am
Forum: Investing - Theory, News & General
Topic: Chris Mamula: October Bogleheads on Investing podcast guest.
Replies: 4
Views: 1050

Re: Chris Mamula: October Bogleheads on Investing podcast guest.

Thank you for your comments.

I'm excited to have Chris Mamula, lead author of the new "ChooseFI" book as my guest on "Bogleheads on Investing"! This is a great interview.

Episode 014: Chris Mamula, host Rick Ferri

Rick Ferri
by Rick Ferri
Wed Oct 09, 2019 4:46 am
Forum: Personal Investments
Topic: Preferred Stock Index Fund
Replies: 49
Views: 5509

Re: Preferred Stock Index Fund

Preferred stock solves the riddle. It's high yielding equity that acts like debt. It is not 100% like debt. Debt has a contractual obligation to make repayments. The only downside of a company suspending dividends to preferred shareholders is that it cannot distribute dividends to common shareholde...
by Rick Ferri
Mon Oct 07, 2019 9:57 am
Forum: Investing - Theory, News & General
Topic: Chris Mamula: October Bogleheads on Investing podcast guest.
Replies: 4
Views: 1050

Chris Mamula: October Bogleheads on Investing podcast guest.

Chris Mamula is the co-author of a new book titled ChooseFI, Your Blueprint to Financial Independence . This is a wonderful book that pulls together the best content from the FIRE movement - Financial Independence Retire Early. The book is all about the FI side of the equation and leaves open the RE...
by Rick Ferri
Sun Oct 06, 2019 9:34 pm
Forum: Personal Investments
Topic: Preferred Stock Index Fund
Replies: 49
Views: 5509

Re: Preferred Stock Index Fund

Wonder why rick Ferri incorporates them in to his core 4 income portfolio My community invests some of their reserve fund in preferreds I personally own PFFD. But don't buy what you don't understand. This asset class is not for everyone. Preferred stocks are mainly issued by finance companies that ...
by Rick Ferri
Sun Oct 06, 2019 9:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Impersonal Advisor Service
Replies: 23
Views: 3364

Re: Vanguard's Impersonal Advisor Service

Hi Rick, I think the Robo-Advisors are a good thing but we have to realize the limitations of this approach. Pretty much, if you want to talk to a human it will cost you 0.30% a year, if you don't need a human but still want guidance, it will cost you 0.15% a year. If you do-it-yourself, it will co...
by Rick Ferri
Sun Oct 06, 2019 9:19 pm
Forum: Personal Investments
Topic: TD or Schwab?
Replies: 19
Views: 1884

Re: TD or Schwab?

It makes no difference. Both have access to the same securities. Both have free ETF trading. It's a level playing field. FWIW, I prefer Schwab statements over TD.

Rick Ferri
by Rick Ferri
Sun Oct 06, 2019 11:28 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Impersonal Advisor Service
Replies: 23
Views: 3364

Vanguard's Impersonal Advisor Service

Vanguard's forthcoming all-digital advisor program will take their current PAS one-portfolio-fits-all strategy to a more impersonal level.

Vanguard's Impersonal Advisor Service

Rick Ferri
by Rick Ferri
Thu Oct 03, 2019 7:02 am
Forum: Investing - Theory, News & General
Topic: What do you think about $0 commission free trade
Replies: 30
Views: 2216

Re: What do you think about $0 commission free trade

Free ETF trades, free advice on Bogleheads, almost free management fees, what's not to like? Vanguard's competitors are not going to roll-over and die. They're being aggressive in retaining and growing market share. That's good for us, and we can thank Jack Bogle for creating an environment that for...
by Rick Ferri
Sun Sep 29, 2019 8:19 am
Forum: Investing - Theory, News & General
Topic: Ken Fisher wants you to know that he cares...
Replies: 49
Views: 4523

Re: Ken Fisher wants you to know that he cares...

All true about marketing trumping investing skill with Fisher Investment. I have noticed Vanguard has been upping its advertising lately too, especially their PAS service which I have no interest. We're being CRUSHED with Vanguard PAS ads. Enough already! :thumbsdown :thumbsdown BTW, I thought this...
by Rick Ferri
Sun Sep 29, 2019 7:59 am
Forum: Investing - Theory, News & General
Topic: Ken Fisher wants you to know that he cares...
Replies: 49
Views: 4523

Re: Ken Fisher wants you to know that he cares...

When Fisher said, "according to everything that I see and am told, yes, it works. We’re doing fine. Thank you." he was talking about his marketing skill, not investment skill. He never said or implied that his company was any good at investing. I've heard this stated multiple times in different ways...
by Rick Ferri
Sun Sep 29, 2019 7:02 am
Forum: Investing - Theory, News & General
Topic: Ken Fisher wants you to know that he cares...
Replies: 49
Views: 4523

Ken Fisher wants you to know that he cares...

. Why Ken Fisher Advertises So Much The legendary investment manager tells ThinkAdvisor about his ubiquitous marketing strategy. LINK TO ARTICLE "Our culture says you’re supposed to [include] women [for diversity]. But in fact, the ads that work the best both among men and among women don’t have any...
by Rick Ferri
Thu Sep 19, 2019 9:23 pm
Forum: US Chapters
Topic: Local Chapter - Fees?
Replies: 12
Views: 1317

Re: Local Chapter - Fees?

I've spoken at dozens of AAII meetings (American Association of Individual Investors). They all charge about $10 per meeting per attendee to cover expenses.

Rick Ferri
by Rick Ferri
Thu Sep 19, 2019 1:45 pm
Forum: US Chapters
Topic: Where Bogleheads Live
Replies: 31
Views: 5249

Re: Where Bogleheads Live

Nowizard wrote:
Thu Sep 19, 2019 11:15 am
There are some of us who would like the information but in written form rather than a podcast, or who don't know that written form always exists in addition to a podcast.

Tim
That is in process.

Rick
by Rick Ferri
Wed Sep 18, 2019 10:55 am
Forum: US Chapters
Topic: Where Bogleheads Live
Replies: 31
Views: 5249

Re: Where Bogleheads Live

Silence Dogood wrote:
Tue Sep 17, 2019 5:42 pm
I listen but I don't download.
If you listened, then you're in the stats.

Rick Ferri
by Rick Ferri
Tue Sep 17, 2019 1:31 pm
Forum: Personal Investments
Topic: Rick Ferri Fixed Income Portfolio Funds
Replies: 48
Views: 12012

Re: Rick Ferri Fixed Income Portfolio Funds

Clearly, there is more risk with PFFD than Treasury bonds. Preferred stocks are issued mainly by banks to capitalize their operations without exceeding debt limits or creating shareholder dilution. They will have more risk than bonds issued by the federal government. About 60% of PFFD dividends qua...
by Rick Ferri
Tue Sep 17, 2019 1:28 pm
Forum: Non-US Chapters
Topic: Where in the World do Bogleheads Live?
Replies: 0
Views: 668

Where in the World do Bogleheads Live?

Based on 156,000 Bogleheads on Investing podcast downloads: Percent Country 86.42% United States 2.10% Canada 2.07% Australia 1.27% United Kingdom 0.70% Spain 0.57% United Arab Emirates 0.51% Germany 0.39% Finland 0.34% Sweden 0.32% Israel 0.30% Belgium 0.30% Japan 0.30% Singapore 0.24% Ireland 0.24...
by Rick Ferri
Tue Sep 17, 2019 1:17 pm
Forum: US Chapters
Topic: Where Bogleheads Live
Replies: 31
Views: 5249

Re: Where Bogleheads Live

Interesting numbers but in response to the subject "Where Bogleheads Live", downloads may be a misleading stat in determining where we all live. I listen every month (and BTW, really enjoy your interviews), but I do so online and don't download. Keep up the great work! The stat is based on 109,000 ...
by Rick Ferri
Tue Sep 17, 2019 3:22 am
Forum: US Chapters
Topic: Where Bogleheads Live
Replies: 31
Views: 5249

Where Bogleheads Live

What to know where other Bogleheads live? The following list is the percentage of Bogleheads on Investing podcast downloads for people living in the 50 states. It's based on 109,000 downloads within the 50 states and does not include US territories. Percent State 16.1% California 7.4% Texas 6.8% New...
by Rick Ferri
Sun Sep 08, 2019 9:53 pm
Forum: Investing - Theory, News & General
Topic: Episode 013: Bogleheads on Investing - guest Dr. Bill Bernstein, host Rick Ferri
Replies: 36
Views: 5143

Re: Episode 013: Bogleheads on Investing - guest Dr. Bill Bernstein, host Rick Ferri

Great podcast as usual. I enjoy listening to these every month. Rick projected future returns of bonds as around 2.5% based on current yields. But I ran quick backtest and found Long term treasuries rates were approx 3% in 2009. Yet TLT returned 7%+ to investors over these 10 years. Predicting futu...
by Rick Ferri
Fri Sep 06, 2019 5:07 pm
Forum: Investing - Theory, News & General
Topic: Episode 013: Bogleheads on Investing - guest Dr. Bill Bernstein, host Rick Ferri
Replies: 36
Views: 5143

Re: Episode 013: Bogleheads on Investing - guest Dr. Bill Bernstein, host Rick Ferri

columbia wrote:
Fri Sep 06, 2019 9:44 am
re:discussion on bonds in the current environment

I’m wondering why the discussion didn’t turn to TIPS, when the topic of treasuries not beating inflation came up.
Next time.

:beer
by Rick Ferri
Fri Sep 06, 2019 5:58 am
Forum: Personal Consumer Issues
Topic: There's a Boglehead on Judge Judy today. [TV show]
Replies: 18
Views: 3901

Re: There's a Boglehead on Judge Judy today. [TV show]

Judge Judy’s response is typical of someone who has been giving unsolicited investment advise, particularly when she didn’t like the fellow to begin with. Giving unsolicited advice on how to invest often gets the same response as giving someone unsolicited advice on how to raise their children. They...
by Rick Ferri
Thu Sep 05, 2019 4:45 pm
Forum: Investing - Theory, News & General
Topic: Episode 013: Bogleheads on Investing - guest Dr. Bill Bernstein, host Rick Ferri
Replies: 36
Views: 5143

Episode 013: Bogleheads on Investing - guest Dr. Bill Bernstein, host Rick Ferri

. Dr. Bill Bernstein is my guest this month on the "Bogleheads on Investing" podcast. Episode 013: Bogleheads on Investing - guest Dr. Bill Bernstein, host Rick Ferri Dr. William (Bill) Bernstein is a medical doctor, author, investment adviser, and financial historian. His research is in the field o...
by Rick Ferri
Wed Sep 04, 2019 8:56 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 242
Views: 28065

Re: Michael Burry: Index Funds are like Subprime CDOs

The active investment industry is suffering, and that included hedge funds. Fees are drying up as money flees high-cost active management. The owners and managers of firms getting hit will say everything and anything to try and stop people from passing them by.

Rick Ferri
by Rick Ferri
Tue Sep 03, 2019 5:03 am
Forum: Investing - Theory, News & General
Topic: Portfolio Strategy
Replies: 28
Views: 4085

Re: Portfolio Strategy

Only a thought from left field -Rick Read all your books -learnt a lot but am a U.K. investor Could you bear in mind John Bogles ideas have gone worldwide A nod to the universal application of his theories would be great Obviously the US audience is paramount but bear in mind you will be read world...
by Rick Ferri
Mon Sep 02, 2019 6:56 pm
Forum: Investing - Theory, News & General
Topic: Dr. Bill Bernstein: Next "Bogleheads on Investing" podcast guest
Replies: 56
Views: 5956

Re: Dr. Bill Bernstein: Next "Bogleheads on Investing" podcast guest

Thanks for your questions.

This conversation is now closed.

Rick Ferri
by Rick Ferri
Mon Sep 02, 2019 4:13 pm
Forum: Investing - Theory, News & General
Topic: Portfolio Strategy
Replies: 28
Views: 4085

Re: Portfolio Strategy

I have observed on BH that many men are concerned that their wives will be lost financially if they die. The book suggests writing an investment policy statement as a mechanism to stay disciplined. Although, having worked with thousands of investor households over the years, and having grown up in ...
by Rick Ferri
Mon Sep 02, 2019 2:23 pm
Forum: Investing - Theory, News & General
Topic: Dr. Bill Bernstein: Next "Bogleheads on Investing" podcast guest
Replies: 56
Views: 5956

Re: Dr. Bill Bernstein: Next "Bogleheads on Investing" podcast guest

When Bill and I have lunch together, the three of us have a great conversation. :wink:

Rick Ferri
by Rick Ferri
Mon Sep 02, 2019 2:01 pm
Forum: Investing - Theory, News & General
Topic: Portfolio Strategy
Replies: 28
Views: 4085

Re: Portfolio Strategy

I also agree with Taylor that valuation based expected return forecasts sound good but have a dubious record in practice. Look at the early 2000s forecasts that overestimated bond returns & foreign stock returns significantly & underestimated US stock returns to date. One solution is to examine bot...