Search found 8965 matches

by Rick Ferri
Mon May 25, 2020 8:37 am
Forum: US Chapters
Topic: MEMORIAL DAY
Replies: 29
Views: 2031

Re: MEMORIAL DAY

Thank you, Taylor.
by Rick Ferri
Sun May 24, 2020 9:45 am
Forum: Investing - Theory, News & General
Topic: S&P500 vs World Performance
Replies: 145
Views: 8716

Re: S&P500 vs World Performance

International vs. US is mostly about industry weights. You've heard for years that the US is "outsourcing manufacturing jobs overseas." Well, that shows up in industry weights. The US is heavy in the "gig" economy and health care. The rest of the world is heavy in manufacturing, energy, and material...
by Rick Ferri
Tue May 19, 2020 2:20 pm
Forum: Investing - Theory, News & General
Topic: Investing is like a birthday cake
Replies: 6
Views: 923

Investing is like a birthday cake

Most birthday cakes are unique, fun, and interesting on the outside, and similar on the inside. What attracts people isn't the cake, it's the candles and the decorations. This same is true for most investment portfolios. Are you paying to much for the image of a great portfolio, or are you focused o...
by Rick Ferri
Mon May 18, 2020 4:51 pm
Forum: Investing - Theory, News & General
Topic: Rethinking Fees and Challenging the Status Quo with Rick Ferri
Replies: 4
Views: 781

Rethinking Fees and Challenging the Status Quo with Rick Ferri

I was happy to be a guest on Jamie Hopkins podcast about rethinking the way advisers charge clients and how we provide service as financial professionals.

Rethinking Fees and Challenging the Status Quo with Rick Ferri

Enjoy!

Rick
by Rick Ferri
Mon May 18, 2020 8:37 am
Forum: Investing - Theory, News & General
Topic: S&P500 vs World Performance
Replies: 145
Views: 8716

Re: S&P500 vs World Performance

If you want to know why international has underperformed in the past decade, just do a comparison of funds on the Vanguard website using VTSAX and VTIAX. The reason will be clear when you get to industries. International stock indices have heavier weighting to materials, energy, consumer defensive, ...
by Rick Ferri
Mon May 18, 2020 8:20 am
Forum: Investing - Theory, News & General
Topic: Larry Siegel, CFA Institute Research Foundation director and author is my guest on "Bolgeheads on Investing" podcast
Replies: 8
Views: 1111

Re: Larry Siegel, CFA Institute Research Foundation director and author is my guest on "Bolgeheads on Investing" podcast

If you prefer audio, please visit the link above. If you’d rather read a transcript, click the link below – edited by Larry Siegal for readability and with some new material and neat illustrations added. Fewer, Richer, Greener in the Year of Living Uncomfortably LAURENCE MAY 15, 2020 ARTICLES Bogleh...
by Rick Ferri
Thu May 14, 2020 8:52 am
Forum: Forum Issues and Administration
Topic: New bogleheads induction [Request for new subforum]
Replies: 55
Views: 3051

Re: New bogleheads induction

Wondering if we should have a sub forum where newbies can hang out for a while until they learn the ropes rather than trying to convince the rest of us we should cash out and wait for a crash or get into bitcoin / oil futures? The forum could be called "Non-Boglehead Investing Strategies." That's t...
by Rick Ferri
Tue May 12, 2020 8:53 am
Forum: Personal Finance (Not Investing)
Topic: E*TRADE Solo 401K contribution limit issue
Replies: 2
Views: 164

Re: E*TRADE Solo 401K contribution limit issue

In 2019, you can contribute $19,000 as an employee, and up to 25% of company earnings as an employer, with a cap of $56,000. You can add $6,000 more as an employee if you're over age 50. In 2020, you can contribute $19,500 as an employee, and up to 25% of company earnings as an employer, with a cap ...
by Rick Ferri
Wed May 06, 2020 9:42 pm
Forum: Investing - Theory, News & General
Topic: June "Bogleheads on Investing" guest will be Dr. Ed Yardeni
Replies: 9
Views: 927

June "Bogleheads on Investing" guest will be Dr. Ed Yardeni

Please post your questions here for Dr. Ed Yardeni . I will be interviewing him later this month and posting a Bogleheads on Investing podcast the beginning of June. Dr. Yardine is a legendary Wall Street economist and investment strategist. We will be discussing his new book, Fed Watching for Fun &...
by Rick Ferri
Wed May 06, 2020 8:55 am
Forum: Investing - Theory, News & General
Topic: Trying to understand Merriman portfolio options
Replies: 32
Views: 1768

Re: Trying to understand Merriman portfolio options

My "Bogleheads on Investing" podcast with Paul Merriman:

Episode 018: Paul Merriman, host Rick Ferri

Rick Ferri
by Rick Ferri
Fri May 01, 2020 8:01 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri: "You have to stick with that plan for the rest of your life."
Replies: 61
Views: 8648

Re: Rick Ferri: "You have to stick with that plan for the rest of your life."

If you wish to use factor investing such as small-value in a portfolio, or you decide to tilt a portfolio away from the total market for any reason, then the portfolio will no longer track the market. Sometimes that will work in your favor and sometimes it will not. When it doesn't, if you abandon t...
by Rick Ferri
Fri May 01, 2020 3:51 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri: "You have to stick with that plan for the rest of your life."
Replies: 61
Views: 8648

Re: Rick Ferri: "You have to stick with that plan for the rest of your life."

I disagree with his philosophy. What he is saying is that if you selected an investment that performs poorly you must stick with the investment otherwise you are admitting you lost. That’s a false choice. There aren't only 2 options. Here is a perfect example of a person who should only buy total m...
by Rick Ferri
Fri May 01, 2020 7:34 am
Forum: Investing - Theory, News & General
Topic: Larry Siegel, CFA Institute Research Foundation director and author is my guest on "Bolgeheads on Investing" podcast
Replies: 8
Views: 1111

Larry Siegel, CFA Institute Research Foundation director and author is my guest on "Bolgeheads on Investing" podcast

Laurence B. Siegel (Larry) is the director of research at the CFA Institute Research Foundation , former director of research at The Ford Foundation, former Ibbotson Associates, Inc. managing director, senior advisor to OCP Capital LLC, and an independent consultant, writer, and speaker specializin...
by Rick Ferri
Thu Apr 30, 2020 7:33 am
Forum: Investing - Theory, News & General
Topic: Everything you wanted to know about fixing an unwanted RMD in 2020
Replies: 3
Views: 305

Everything you wanted to know about fixing an unwanted RMD in 2020

Jeffrey Levine, CPA/PFS, CFP®, CWS®, MSA is the Director of Advisor Education for Kitces.com, the Director of Advanced Planning at Buckingham Wealth Partners and my April guest on Bogleheads on Investing provides this great summary of: Fixing Unwanted RMDs Taken Before The CARES Act Waiver Of 2020 R...
by Rick Ferri
Wed Apr 22, 2020 10:56 am
Forum: Personal Investments
Topic: Indexing fail?
Replies: 33
Views: 2987

Re: Indexing fail?

Thinking about adjusting the indexes in my portfolio. Why would I want any index that has cruise lines or airlines in it at this point going forward ? Just can’t see that this won’t change the way folks travel for business and leisure . Thoughts ? Hindsight is always 20/20. You may correctly guess ...
by Rick Ferri
Fri Apr 17, 2020 5:53 pm
Forum: Personal Consumer Issues
Topic: Travel Trailer..Bigfoot, Oliver, Escape
Replies: 18
Views: 1382

Re: Travel Trailer..Bigfoot, Oliver, Escape

My wife and I traveled the country and lived in a small pull trailer for two years. We'll be buying a Grand Design in the next year. Probably the Imagine 2600RB, UVW: 5,795 lbs, Length: 29' 8"

https://www.granddesignrv.com/showroom/ ... ans/2600rb

Rick Ferri
by Rick Ferri
Sun Apr 12, 2020 8:19 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Munis Increasingly Risky
Replies: 205
Views: 19621

Re: Larry Swedroe: Munis Increasingly Risky

I'd also love to hear from Mr. Swedroe or others at BAM concerning their current views on muni's. Can someone who knows his email or contact info have him comment here about current views? I believe I’ve seen him comment recently on other issues. Thanks. He is no longer contributing on Bogleheads, ...
by Rick Ferri
Wed Apr 08, 2020 4:21 pm
Forum: Investing - Theory, News & General
Topic: Your Investment Adviser’s Dirty Secret
Replies: 77
Views: 9596

Re: Your Investment Adviser’s Dirty Secret

Here is the republished edited article. Thanks all!

Your Investment Adviser's Dirty Secret


Rick Ferri
by Rick Ferri
Sun Apr 05, 2020 3:17 pm
Forum: Investing - Theory, News & General
Topic: Your Investment Adviser’s Dirty Secret
Replies: 77
Views: 9596

Re: Your Investment Adviser’s Dirty Secret

Gill wrote:
Sun Apr 05, 2020 1:47 pm
The article might have had a greater impact if it didn't have a grammatical error in the third sentence. :oops:
Gill
Noted. “your” should be “you’re”

An edit was requested.

Rick
by Rick Ferri
Sun Apr 05, 2020 3:12 pm
Forum: Investing - Theory, News & General
Topic: Special "Bogleheads on Investing" podcast on taxes
Replies: 19
Views: 2238

Re: Special "Bogleheads on Investing" podcast on taxes

Transcripts for all podcasts are in the works. They are posted on Wiki pages as completed.

Rick
by Rick Ferri
Sun Apr 05, 2020 10:04 am
Forum: Investing - Theory, News & General
Topic: Your Investment Adviser’s Dirty Secret
Replies: 77
Views: 9596

Your Investment Adviser’s Dirty Secret

Sometimes I write stuff I shouldn’t because it makes a few people upset. This might be one of those articles:

Your Investment Adviser’s Dirty Secret

Rick Ferri
by Rick Ferri
Sat Apr 04, 2020 12:30 pm
Forum: Investing - Theory, News & General
Topic: Why Factor Investing Increases Behavioral Risk
Replies: 39
Views: 2364

Re: Why Factor Investing Increases Behavioral Risk

Seems to me that one who has bought into the SCV theories may be less likely to do bad behavioral things. It seems to me that they are more likely to have put some deep thought into their reasons for it. I'd suggest those that have put some deep thought into their decision making would be less like...
by Rick Ferri
Sat Apr 04, 2020 12:00 pm
Forum: Investing - Theory, News & General
Topic: Why Factor Investing Increases Behavioral Risk
Replies: 39
Views: 2364

Re: Why Factor Investing Increases Behavioral Risk

The return of the total U.S. index is so ingrained into your brain as what the world SHOULD BE If that's the message you took away from my post, then you didn't read it correctly. I personally own a small-value index fund. Invesco S&P SmallCap 600 Pure Value ETF (RZV). It's not a large position, bu...
by Rick Ferri
Sat Apr 04, 2020 10:21 am
Forum: Investing - Theory, News & General
Topic: Why Factor Investing Increases Behavioral Risk
Replies: 39
Views: 2364

Re: Why Factor Investing Increases Behavioral Risk

livesoft wrote:
Sat Apr 04, 2020 10:12 am
One can be a polygamist and there's always divorce, too. One might surmise that both are pretty costly though.
Exactly!

Rick
by Rick Ferri
Sat Apr 04, 2020 10:07 am
Forum: Investing - Theory, News & General
Topic: Why Factor Investing Increases Behavioral Risk
Replies: 39
Views: 2364

Why Factor Investing Increases Behavioral Risk

Small-value investors have had it particularly tough in this bear market, making it more difficult to stay the course. During this recent video blog with Brad Barrett and Jonathan Mendonsa of ChooseFI , I discuss why investing in small-value has increased the risk of bad behavior. Here is the Youtub...
by Rick Ferri
Sat Apr 04, 2020 7:40 am
Forum: Investing - Theory, News & General
Topic: Special "Bogleheads on Investing" podcast on taxes
Replies: 19
Views: 2238

Re: Special "Bogleheads on Investing" podcast on taxes

I guess it was just a case of hope springing eternal on helping to resolve long-simmering conflicts over wash sale rule interpretations. This will remain a gray area until a tax-wash case involving index funds shows up in tax court and a judge decides. In the meantime, you have to make your own cho...
by Rick Ferri
Fri Apr 03, 2020 8:18 am
Forum: Investing - Theory, News & General
Topic: Special "Bogleheads on Investing" podcast on taxes
Replies: 19
Views: 2238

Re: Special "Bogleheads on Investing" podcast on taxes

I was disappointed there wasn't enough time for questions on the involvement of 401ks in wash sales, and potential strategies to avoid wash sales in IRAs, but it was indeed an information-packed hour. It was hard to get in the information that we did cover. To answer your question, if you sell a se...
by Rick Ferri
Thu Apr 02, 2020 7:35 am
Forum: Investing - Theory, News & General
Topic: Special "Bogleheads on Investing" podcast on taxes
Replies: 19
Views: 2238

Re: Special "Bogleheads on Investing" podcast on taxes

Because of a lack of official guidance on “substantially identical,” I vote to agree with Rick’s interpretation as he is a well respected security analyst. I think the only way this is ever going to be resolved is if the IRS provides guidance or in tax court. Neither has happened in the decades sin...
by Rick Ferri
Wed Apr 01, 2020 1:57 pm
Forum: Investing - Theory, News & General
Topic: Special "Bogleheads on Investing" podcast on taxes
Replies: 19
Views: 2238

Re: Special "Bogleheads on Investing" podcast on taxes

"It is still very gray." That's the answer to "What does the IRS mean by 'substantially identical' securities?" It comes down to your own interpretation of the tax code when there is no guidance from the IRS or tax courts. That was the essence of the conversation. We disagreed, BTW. Although I'm no...
by Rick Ferri
Wed Apr 01, 2020 12:33 pm
Forum: Investing - Theory, News & General
Topic: Promoting Jack Bogle's message in the FIRE community
Replies: 4
Views: 1053

Re: Promoting Jack Bogle's message in the FIRE community

WoodSpinner wrote:
Tue Mar 31, 2020 8:20 pm
I hope we can build a strong bridge between these movements and set us all up for much more successful financial decisions.
We are trying!

Thanks,
Rick
by Rick Ferri
Wed Apr 01, 2020 12:18 pm
Forum: Investing - Theory, News & General
Topic: Special "Bogleheads on Investing" podcast on taxes
Replies: 19
Views: 2238

Re: Special "Bogleheads on Investing" podcast on taxes

No. This is a get-your-fair-share of $2 trillion dollars podcast.

Rick Ferri
by Rick Ferri
Wed Apr 01, 2020 11:56 am
Forum: Investing - Theory, News & General
Topic: Special "Bogleheads on Investing" podcast on taxes
Replies: 19
Views: 2238

Special "Bogleheads on Investing" podcast on taxes

I rarely say something is a must-read or a must-listen , but I'm making an exception with this podcast. Jeff Levine CPA/PFS, CFP is my guest for this special Bolgleheads on Investing podcast. In this packed one-hour episode, we cover the CARES Act, SECURE Act, the new moral hazard in the rental real...
by Rick Ferri
Tue Mar 31, 2020 11:41 am
Forum: Investing - Theory, News & General
Topic: CNBC: Investors Should Be Buying Individual Stocks, Not Indexes
Replies: 84
Views: 7488

Re: CNBC: Investors Should Be Buying Individual Stocks, Not Indexes

As much as I like Mohamed El-Erian's comments about markets and the economy, he does work for an active management company and has to be a cheerleader for that strategy whenever he can.

Rick Ferri
by Rick Ferri
Tue Mar 31, 2020 10:42 am
Forum: Investing - Theory, News & General
Topic: Promoting Jack Bogle's message in the FIRE community
Replies: 4
Views: 1053

Promoting Jack Bogle's message in the FIRE community

I was pleased to be a guest this week on the ChooseFI podcast with Brad Barrett and Jonathan Mendonsa. The financial independence community is an important focus of the John J. Bogle Center for Financial Literacy and the Bogleheads. ESCAPE FROM WALL STREET This link is part 1 of 2. Part 2 will be av...
by Rick Ferri
Mon Mar 30, 2020 8:07 am
Forum: Investing - Theory, News & General
Topic: Great example of someone who should have never invested in factors
Replies: 119
Views: 8124

Great example of someone who should have never invested in factors

A Boglehead posted on Mon Mar 23, 2020 11:47 am: "I did not listen to the buy and hold don't sell low crowd at the beginning of this crisis and I am extremely happy I did not. I dumped half my small value while TLH after the first week of losses. I should have liquidated it all, but still have sign...
by Rick Ferri
Mon Mar 30, 2020 8:01 am
Forum: Personal Investments
Topic: Dumping small value?
Replies: 107
Views: 8578

Re: Dumping small value?

I did not listen to the buy and hold don't sell low crowd at the beginning of this crisis and I am extremely happy I did not. I dumped half my small value while TLH after the first week of losses. I should have liquidated it all, but still have significant holdings in DFA target value I. This is a ...
by Rick Ferri
Sat Mar 28, 2020 6:48 pm
Forum: Investing - Theory, News & General
Topic: Understanding Bond ETF Discounts
Replies: 65
Views: 4173

Re: Understanding Bond ETF Discounts

Whatever it is, I hope it doesn't lead to anymore Tim Buckley videos or pictures of him plastered across the Vanguard login page telling me "Markets are volatile." :annoyed

Rick Ferri
by Rick Ferri
Sat Mar 28, 2020 6:12 am
Forum: Investing - Theory, News & General
Topic: Understanding Bond ETF Discounts
Replies: 65
Views: 4173

Re: Understanding Bond ETF Discounts

Hi Rick -- so you no longer hold the opinion in this article? https://www.forbes.com/sites/rickferri/2013/06/27/solving-the-bond-etf-discount-problem/#146252f41724 The article addressed selling bonds during an illiquid market to rebalance into stocks. In this regard, If you sold shares of the Vangu...
by Rick Ferri
Thu Mar 26, 2020 7:47 am
Forum: Investing - Theory, News & General
Topic: Unemployment numbers
Replies: 40
Views: 2959

Re: Unemployment numbers

Unemployment claims at 3.3 million. Does this get us another 20% down? https://www.businessinsider.com/us-weekly-jobless-claims-record-coronavirus-unemployment-insurance-labor-recession-2020-3 No. The estimate was well within the anticipated 2-4 mm range. Next week will be another large number. Tha...
by Rick Ferri
Tue Mar 24, 2020 10:23 am
Forum: Investing - Theory, News & General
Topic: Mohamed El-Erian interview by Jeff Ptak of Morningstar
Replies: 21
Views: 3433

Re: Mohamed El-Erian interview by Jeff Ptak of Morningstar

timboktoo wrote:
Tue Mar 24, 2020 8:07 am
I'm listening to it now. Have you written any articles recently? Your name has come up recently as someone we'd love to hear from.

- Tim
I wrote a couple for Forbes:

https://www.forbes.com/sites/rickferri
by Rick Ferri
Tue Mar 24, 2020 8:01 am
Forum: Investing - Theory, News & General
Topic: Mohamed El-Erian interview by Jeff Ptak of Morningstar
Replies: 21
Views: 3433

Mohamed El-Erian interview by Jeff Ptak of Morningstar

This is an exceptionally good and timely interview with Dr. Mohamed El-Erian, Chief Economic Advisor at Allianz, the parent of PIMCO, where he formerly served as chief executive and co-chief investment officer. Dr. El-Erian addresses economic 'sudden stops,' the correct fiscal and monetary policy re...
by Rick Ferri
Sat Mar 21, 2020 8:13 am
Forum: Investing - Theory, News & General
Topic: Understanding Bond ETF Discounts
Replies: 65
Views: 4173

Re: Understanding Bond ETF Discounts

Rick, i saw your tweet on this and jumped here to see if there was a thread. so, all the data analysts look at for bonds and bond funds over the decades is "incomplete" if based on NAV? much of those NAV numbers are just 'guesses' at values for stale bonds that didnt trade during market panics. sin...
by Rick Ferri
Sat Mar 21, 2020 7:23 am
Forum: Investing - Theory, News & General
Topic: Tax expert Jeff Levine, CPA/PFS, CFP, is my next “Bogleheads on Investing" guest
Replies: 12
Views: 828

Re: Tax expert Jeff Levine, CPA/PFS, CFP, is my next “Bogleheads on Investing" guest

I am interviewing Jeff on Monday, March 30. It will be posted here on April 1 or 2.

Rick Ferri
by Rick Ferri
Sat Mar 21, 2020 6:58 am
Forum: Investing - Theory, News & General
Topic: Tax expert Jeff Levine, CPA/PFS, CFP, is my next “Bogleheads on Investing" guest
Replies: 12
Views: 828

Tax expert Jeff Levine, CPA/PFS, CFP, is my next “Bogleheads on Investing" guest

Jeff Levine CPA/PFS, CFP, is an author and speaker, having presented hundreds of continuing education programs for CPAs, attorneys, and other financial advisors and has appeared on CNBC, Fox Business News, Public Television and CBS to promote tax and financial education. He is also frequently quoted...
by Rick Ferri
Sat Mar 21, 2020 6:41 am
Forum: Investing - Theory, News & General
Topic: Understanding Bond ETF Discounts
Replies: 65
Views: 4173

Understanding Bond ETF Discounts

Bond ETFs have been trading at discounts to net asset value (NAV) in the past few weeks, On Monday, March 16, the iShares Core U.S. Aggregate Bond ETF (AGG) and the Vanguard Total Bond Market ETF (BND) traded at discounts of 4.43% and 6.17%, respectively. Over the past year, AGG and BND usually trad...
by Rick Ferri
Mon Mar 16, 2020 6:55 pm
Forum: Personal Investments
Topic: I need some (honest) reassurance of my portfolio
Replies: 31
Views: 2511

Re: I need some (honest) reassurance of my portfolio

I started investing in 2013 when I got my first real job at age 23 You're 30 years old. I'll be 62 years old next week. You are looking at this all wrong. At 30 years old, you have only a tiny fraction of your future wealth invested. If I were 30 years old again, I would be putting every dime I cou...