Correct. The total market value has historically been about 10% over the free-float CRSP total market.Gaston wrote: ↑Tue Mar 26, 2024 9:46 pmInteresting. Thx. So in dollar terms, non-free-float shares are about 9% of the total market.retiringwhen wrote: ↑Tue Mar 26, 2024 8:32 pm A pretty good proxy is the Market Cap of the CRSP Total Stock Market Index. It was $46.3T on 12/29/23
Search found 9574 matches
- Thu Mar 28, 2024 8:39 am
- Forum: Investing - Theory, News & General
- Topic: The Evolutions of Indexes, new "Bogleheads on Investing" podcast with guest Rolf Agather
- Replies: 13
- Views: 1747
Re: The Evolutions of Indexes, new "Bogleheads on Investing" podcast with guest Rolf Agather
- Tue Mar 26, 2024 3:59 pm
- Forum: Investing - Theory, News & General
- Topic: The Evolutions of Indexes, new "Bogleheads on Investing" podcast with guest Rolf Agather
- Replies: 13
- Views: 1747
Re: The Evolutions of Indexes, new "Bogleheads on Investing" podcast with guest Rolf Agather
It's been this way for a long time. Vanguard helped CRSP tailor their style indices to Vanguard's satisfaction before licensing them.
Rick
Rick
- Tue Mar 26, 2024 10:59 am
- Forum: Investing - Theory, News & General
- Topic: The Evolutions of Indexes, new "Bogleheads on Investing" podcast with guest Rolf Agather
- Replies: 13
- Views: 1747
Re: The Evolutions of Indexes, new "Bogleheads on Investing" podcast with guest Rolf Agather
For more information on fixed-income indexes, see
Episode 045: Nick Gendron and Josh Barrickman on Total Bond Market Index Funds
Rick Ferri
Episode 045: Nick Gendron and Josh Barrickman on Total Bond Market Index Funds
Rick Ferri
- Mon Mar 25, 2024 9:14 am
- Forum: Investing - Theory, News & General
- Topic: The Evolutions of Indexes, new "Bogleheads on Investing" podcast with guest Rolf Agather
- Replies: 13
- Views: 1747
Re: The Evolutions of Indexes, new "Bogleheads on Investing" podcast with guest Rolf Agather
When indexes are created for the sole purpose of launching a new product, the backtest performance is always good, proving every time that hindsight is 20/20.The illustration regulations have allowed the results of the backtested index to be used in making illustrated projections of future results on the life insurance and annuity products, giving them a perceived advantage over more traditional indices and products.
Rich Ferri
- Sat Mar 23, 2024 5:22 pm
- Forum: Investing - Theory, News & General
- Topic: The Evolutions of Indexes, new "Bogleheads on Investing" podcast with guest Rolf Agather
- Replies: 13
- Views: 1747
The Evolutions of Indexes, new "Bogleheads on Investing" podcast with guest Rolf Agather
Over 50% of mutual fund and ETF assets follow passive indices, which makes index methodology important. Rolf Agather, CFA, has been in the index industry for 40 years and played a major role in the revolution. He is my guest on "Bogleheads on Investing." LINK> Episode 68: Rolf Agather, CFA, the evolution of indexes Rolf Agather has been in the indexing industry since the 1980s. He started Russell, moved around the industry a bit, then went back to Russell Investments and in 2002 became the Managing Director, Research and Innovation, Russell Indexes. He remained there after a merger with FTSE and became the FTSE Russell Managing Director, Research, North America. Rolf moved to Morningstar in 2020 as Morningstar’s Head of Research a...
- Thu Feb 29, 2024 6:35 pm
- Forum: Investing - Theory, News & General
- Topic: Vanguard Announces CEO Retirement and Appointment of President
- Replies: 372
- Views: 36450
Re: Vanguard Announces CEO Retirement and Appointment of President
No love lost here.
When I started the “Bogleheads On Investing” podcast, I interviewed Jack Bogle as my first guest. I wanted to interview Tim Buckley shortly thereafter. He told me to my face that he would LOVE to be a podcast guest. But when Jack Bogle died, I couldn’t get a response from his office. When I finally did, I was told “not interested.”
Hopefully the new CEO will be more open.
When I started the “Bogleheads On Investing” podcast, I interviewed Jack Bogle as my first guest. I wanted to interview Tim Buckley shortly thereafter. He told me to my face that he would LOVE to be a podcast guest. But when Jack Bogle died, I couldn’t get a response from his office. When I finally did, I was told “not interested.”
Hopefully the new CEO will be more open.
- Thu Feb 22, 2024 7:26 pm
- Forum: Investing - Theory, News & General
- Topic: If you hate paying taxes, you'll love learning about them. Episode 67, "Bogleheads on Investing" guest, Kaye Thomas.
- Replies: 26
- Views: 5231
Re: If you hate paying taxes, you'll love learning about them. Episode 67, "Bogleheads on Investing" guest, Kaye Thomas.
From Kaye Thomas…
“Twice I’ve had to reconstruct the website because of spam and/or malware that came in as a result of offering a forum. I don’t have staff to monitor the situation, so in the most recent reconstruction of the website I eliminated the forum, at least for the time being. I’ll bring it back if I can identify a way to do it that doesn’t expose the website to these kinds of problems.”
“Twice I’ve had to reconstruct the website because of spam and/or malware that came in as a result of offering a forum. I don’t have staff to monitor the situation, so in the most recent reconstruction of the website I eliminated the forum, at least for the time being. I’ll bring it back if I can identify a way to do it that doesn’t expose the website to these kinds of problems.”
- Mon Feb 19, 2024 9:54 am
- Forum: Investing - Theory, News & General
- Topic: If you hate paying taxes, you'll love learning about them. Episode 67, "Bogleheads on Investing" guest, Kaye Thomas.
- Replies: 26
- Views: 5231
If you hate paying taxes, you'll love learning about them. Episode 67, "Bogleheads on Investing" guest, Kaye Thomas.
LINK> Episode 67: Kaye Thomas on income taxes and how to lower them If you hate paying taxes, then you should love learning about taxes because that’s the way to reduce them. My guest, Kaye Thomas, received his law degree from Harvard Law School in 1980 and then began his career as a tax attorney, dealing with complex tax matters related to business transactions, finance, and compensation. Kaye now spends his time as a writer, publisher, public speaker, and consultant on topics relating to taxation and investments. He has written several books, including Capital Gains…Minimum Taxes, Go Roth! A guide to the Roth IRA and other Roth accounts, and Consider Your Options, a plain language guide to company stock and stock option compensation plans...
- Sat Feb 10, 2024 9:20 pm
- Forum: Investing - Theory, News & General
- Topic: What's in Rick Ferri's portfolio?
- Replies: 132
- Views: 34632
Re: What's in Rick Ferri's portfolio?
All US is not what I own or recommend.
If that's what you choose to do, fine.
Rick Ferri
- Fri Feb 09, 2024 3:12 pm
- Forum: Investing - Theory, News & General
- Topic: What's in Rick Ferri's portfolio?
- Replies: 132
- Views: 34632
Re: What's in Rick Ferri's portfolio?
The past data said it might be a good strategy. Turns out, splitting Euro / Pacific 50-50 didn't add any value. So, why get complicated?
- Thu Feb 08, 2024 11:13 am
- Forum: Investing - Theory, News & General
- Topic: Shiller PE seems mostly useless
- Replies: 208
- Views: 12514
Re: Shiller PE seems mostly useless
The price of bubblegum does an equally good job predicting long-term market returns!
You may enjoy my parody on CAPE:
The Bubblegum Ratio And Future Stock Returns
Rick Ferri
You may enjoy my parody on CAPE:
The Bubblegum Ratio And Future Stock Returns
Rick Ferri
- Thu Feb 08, 2024 9:45 am
- Forum: Investing - Theory, News & General
- Topic: What's in Rick Ferri's portfolio?
- Replies: 132
- Views: 34632
Re: What's in Rick Ferri's portfolio?
That idea didn't turn out to be useful. I now recommend a simpler approach: a total international stock index fund.TimeIsYourFriend wrote: ↑Wed Feb 07, 2024 3:13 pm Can you comment on the passage that your book recommended splitting developed intl into Europe and Asia for a rebalancing bonus? I assume this was Rick Ferri's book (although they spelled it Rick Ferry in the other thread).
Rick
- Tue Jan 23, 2024 3:53 pm
- Forum: Investing - Theory, News & General
- Topic: More Evidence Against Factor Investing
- Replies: 650
- Views: 46399
Re: More Evidence Against Factor Investing
The link between risk and expected return is a fundamental investment principal that extends back tens of thousands of years. Ii is a market of stocks, each with different risk and thus different expected return. All Avantis does is attempt to determine which companies have the most risk and builds portfolios around that concept in an attempted to capture a higher return that is embedded in the current valuation.
Listen to my podcast:
https://bogleheads.podbean.com/e/episod ... ick-ferri/
Listen to my podcast:
https://bogleheads.podbean.com/e/episod ... ick-ferri/
- Tue Jan 23, 2024 10:26 am
- Forum: Investing - Theory, News & General
- Topic: More Evidence Against Factor Investing
- Replies: 650
- Views: 46399
Re: More Evidence Against Factor Investing
This is all quite simple. Some companies in the public markets have higher risk than others, thus investors must expect to be compensated more for investing in those riskier stocks.
- Tue Jan 23, 2024 10:21 am
- Forum: Investing - Theory, News & General
- Topic: The new "Bogleheads on Investing" podcast covers real estate and REITs
- Replies: 9
- Views: 1990
Re: The new "Bogleheads on Investing" podcast covers real estate and REITs
Lot’s of good information on REITs and real estate investing in this podcast.
- Mon Jan 22, 2024 6:41 pm
- Forum: Investing - Theory, News & General
- Topic: The new "Bogleheads on Investing" podcast covers real estate and REITs
- Replies: 9
- Views: 1990
The new "Bogleheads on Investing" podcast covers real estate and REITs
This month's podcast covers the real estate investing spectrum, from flipping homes to the largest REITs. LINK> Episode 66: Dr. Jim Dahle and John Worth, Ph.D. on real estate investing My two guests are James Dahle, MD, a practicing emergency physician, founder of The White Coat Investor, and the creator of the "No Hype Real Estate Investing" course, and John Worth, Ph.D., Executive Vice President of Research and Investor Outreach at Nareit. Our topic in the episode is real estate investing. We cover the spectrum of real estate investment opportunities, from flipping homes to listed real estate investment trusts (REITs). This podcast is supported by the John C. Bogle Center for Financial Literacy , a non-profit organization approv...
- Mon Jan 22, 2024 2:28 pm
- Forum: Investing - Theory, News & General
- Topic: More Evidence Against Factor Investing
- Replies: 650
- Views: 46399
Re: More Evidence Against Factor Investing
First, why does it exist? That's still hotly debated. I believe, as Eduardo does, that the premium exists because value companies are riskier. More risk requires a higher expected return. It's no different than investing in a B-rated corporate bond versus an A-rated corporate bond. However, I can choose the interest rate difference I require for choosing the B-rated bond vs the A-rated bond. I don’t have that luxury in choosing between seemingly safer stock X vs seemingly riskier stock Y. I have no idea which of the two stocks is going to outperform. You don't know which bond will outperform either because the B-rated bond could default. My point is that any security that has a higher perceived risk over the market would be bid down in pri...
- Sun Jan 21, 2024 10:16 am
- Forum: Investing - Theory, News & General
- Topic: More Evidence Against Factor Investing
- Replies: 650
- Views: 46399
Re: More Evidence Against Factor Investing
There is no question a value premium has existed in the global equity markets, and it really doesn't matter how you define value. Any way you measure it, there's a premium in the data. My question is twofold.
First, why does it exist? That's still hotly debated. I believe, as Eduardo does, that the premium exists because value companies are riskier. More risk requires a higher expected return. It's no different than investing in a B-rated corporate bond versus an A-rated corporate bond.
Second, will YOU capture the premium? There are many reasons you won't, as I highlighted in a recent podcast with Adviser Perspective, and at the 2023 Bogleheads Conference.
Rick Ferri
First, why does it exist? That's still hotly debated. I believe, as Eduardo does, that the premium exists because value companies are riskier. More risk requires a higher expected return. It's no different than investing in a B-rated corporate bond versus an A-rated corporate bond.
Second, will YOU capture the premium? There are many reasons you won't, as I highlighted in a recent podcast with Adviser Perspective, and at the 2023 Bogleheads Conference.
Rick Ferri
- Fri Jan 19, 2024 9:27 am
- Forum: Investing - Theory, News & General
- Topic: Investment advisors - what is the mandate
- Replies: 36
- Views: 3824
Re: Investment advisors - what is the mandate
Rick, is it possible to find an entity that simply "takes care of" everything from money management to investing to planning to taxes to estate and legal issues all in one place. That is not including ultra wealthy people who can probably maintain a personal staff to cover all of that. Many "financial planners" will say they'll do all this, but I would question their true motivation if they're paid only by AUM fees. Incentives drive advice. If they're paid solely by the amount of money they manage, their focus is on bringing in clients to manage their money, and everything else will be less important to them. You might try looking for a flat-fee adviser who doesn't have that incentive. Thanks. I was also asking about wh...
- Fri Jan 19, 2024 9:11 am
- Forum: Investing - Theory, News & General
- Topic: Investment advisors - what is the mandate
- Replies: 36
- Views: 3824
Re: Investment advisors - what is the mandate
Many "financial planners" will say they'll do all this, but I would question their true motivation if they're paid only by AUM fees. Incentives drive advice. If they're paid solely by the amount of money they manage, their focus is on bringing in clients to manage their money, and everything else will be less important to them. You might try looking for a flat-fee adviser who doesn't have that incentive.dbr wrote: ↑Fri Jan 19, 2024 8:35 am Rick, is it possible to find an entity that simply "takes care of" everything from money management to investing to planning to taxes to estate and legal issues all in one place. That is not including ultra wealthy people who can probably maintain a personal staff to cover all of that.
- Fri Jan 19, 2024 8:23 am
- Forum: Investing - Theory, News & General
- Topic: Investment advisors - what is the mandate
- Replies: 36
- Views: 3824
Re: Investment advisors - what is the mandate
It depends on the type of adviser you hire.
- If you're working with a broker from one of the brokerage firms (Merrill, Wells Fargo, Edward Jones, etc.) you probably won't get much.
- If you hire an adviser to manage your portfolio for an AUM fee, like Vanguard PAS or an independent, you might get a little more.
- If you hire an advice-only adviser who is paid to actually ADVISE you rather than sell something or manage your money, you will get tax advice.
Rick Ferri
- Thu Jan 18, 2024 7:18 am
- Forum: Investing - Theory, News & General
- Topic: What's in Rick Ferri's portfolio?
- Replies: 132
- Views: 34632
Re: What's in Rick Ferri's portfolio?
is taking risk on the fixed income side (vice US intermediates) only for those who have large portfolios that really would not need to draw down amounts of significance during a long bear? Correct. This is a long-term hold in a taxable account if it doesn't affect your tax rate or IRMAA. The dividend from PFFD is ~67% long-term capital gain and the rest is ordinary income. Here is the website https://www.globalxetfs.com/funds/pffd/ What drew you to PFFD versus other preferred etfs? It has the lowest fee. How did you arrive at your 20% allocation, within your FI, for your preferreds? I don't have 20%. The allocation is only about 3% of my portfolio. I think you could have 20% of your fixed income allocation in PFFD, but that is the maximum....
- Tue Jan 16, 2024 2:21 pm
- Forum: Investing - Theory, News & General
- Topic: More Evidence Against Factor Investing
- Replies: 650
- Views: 46399
Re: More Evidence Against Factor Investing
That's what some have said. I have no idea if the size premium is dead or just taking a long nap.I suppose that is one way to view it, but don't many factor proponents say size is dead? Why include a factor in a multi-factor strategy that is considered dead?Rick Ferri wrote: ↑Tue Jan 16, 2024 11:43 am This is correct. Small-value is a multi-factor strategy used to capture both the SmL and HmL factors in one fund - if they exist - net of cost.
Rick Ferri
- Tue Jan 16, 2024 11:43 am
- Forum: Investing - Theory, News & General
- Topic: More Evidence Against Factor Investing
- Replies: 650
- Views: 46399
Re: More Evidence Against Factor Investing
I came across this recently: Long-Only Value Investing: Size Doesn’t Matter! https://alphaarchitect.com/2023/06/attention-value-investors-size-doesnt-matter/ Many factor investors are familiar with “small-cap value investing,” which is a reasonable allocation for long-term investors who can tolerate a lot of volatility. Why are there so many small-cap value investors? Small-cap value investors have been told that the value premium is higher, on average, in small stocks versus larger stocks. Unfortunately, this is not true if you are a long-only value investor.(1). Our own Jack Vogel recently published a paper called “Long-Only Value Investing: Does Size Matter?” which makes this point clear This is correct. Small-value is a multi-factor st...
- Mon Jan 15, 2024 2:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: For those retired or FI, how much do you spend annually?
- Replies: 499
- Views: 80206
Re: For those retired or FI, how much do you spend annually?
$10 million perhapsdelamer wrote: ↑Mon Jan 15, 2024 11:25 amThanks.Rick Ferri wrote: ↑Mon Jan 15, 2024 11:17 am People who fall into the HNW category have at least $1 million in liquid financial assets.
Is there a NW point where you see a significant jump in spending?
- Mon Jan 15, 2024 11:17 am
- Forum: Personal Finance (Not Investing)
- Topic: For those retired or FI, how much do you spend annually?
- Replies: 499
- Views: 80206
Re: For those retired or FI, how much do you spend annually?
People who fall into the HNW category have at least $1 million in liquid financial assets.
- Mon Jan 15, 2024 10:28 am
- Forum: Personal Finance (Not Investing)
- Topic: For those retired or FI, how much do you spend annually?
- Replies: 499
- Views: 80206
Re: For those retired or FI, how much do you spend annually?
For the record, this number has increased to about $82,000 per year due to inflation since 2021.Rick Ferri wrote: ↑Mon Jan 04, 2021 9:58 amI speak with hundreds of retirees each year. Most are HNW individuals or couples. The median budget in retirement is about $70,000 - this includes travel but does not include income tax or gifts. Only about 10% of the retirees I speak with spend more than $100,000 per year, and that's usually because they have two homes or travel extensively.Does anybody spend significantly more than $90k/year in retirement?
Rick Ferri
Using this link:
US BLS CPI Inflation Calculator
$70,000 in January 2021 has the same buying power as $82,086 today.
Rick Ferri
- Sun Jan 14, 2024 11:22 am
- Forum: Investing - Theory, News & General
- Topic: MUST LISTEN "Bogleheads on Investing" podcast with financial historian Edward Chancellor
- Replies: 165
- Views: 23145
Re: MUST LISTEN "Bogleheads on Investing" podcast with financial historian Edward Chancellor
Maybe TIPs will save the day. Maybe not.
Inflation makes it tougher, even for TIPS.
Assume TIPS gives you a 2% real yield + inflation, and taxes are 32% (Fed only, no state).
If inflation is low (1%) you earn 3%, pay 1% tax, and net 2%, thus beating inflation by 1%. Great.
But what if inflation is high (5%), you earn 7%, pay 2.25% tax, and net 4.75%. You lost purchasing power.
Rick
- Sat Jan 13, 2024 9:10 am
- Forum: Investing - Theory, News & General
- Topic: Investment advisors - what is the mandate
- Replies: 36
- Views: 3824
Re: Investment advisors - what is the mandate
First, what makes you think this investment adviser knows enough about taxes or estate planning to have that discussion? I think you're giving advisers far too much credit. Second, think like a 1% AUM adviser for a minute. Why would they recommend strategies that reduce their income? Even if they did know to do a large Roth conversion at a lower tax rate, taking a significant amount out of an IRA and converting to a Roth creates a large tax bill, and that would reduce AUM fees. It's the same conflict of interest when an adviser sees a high-interest loan but doesn't say that your best investment would be to take money from the investment account and pay off the loan. Sad, but true. Third, the adviser has no liability. His defense is that the...
- Fri Jan 12, 2024 10:49 am
- Forum: Investing - Theory, News & General
- Topic: New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
- Replies: 43
- Views: 7203
Re: New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
Here is the report we discussed: Vanguard Economic and Market Outlook for 2024 On page 19 are they saying in the bar chart that a 40/60 portfolio will yield the same 10-year annualized return as a previous 60/40 portfolio? As a retired couple in our early 70s I'm wondering if we should scale back from our 60/40 allocation. We have 'enough' I think; our current withdrawal rate is 1.3%. Thoughts? First, none of these forecasts are guaranteed. Second, since you have more than enough, you're no longer investing entirely for yourself. Consider a conservative allocation for what you believe you'll need during your lifetimes, and a second, probably more aggressive allocation for the money that's going to your heirs. You might find yourself correc...
- Fri Jan 05, 2024 10:24 am
- Forum: Investing - Theory, News & General
- Topic: Your age in bonds. Does it work? It depends...
- Replies: 1
- Views: 861
Your age in bonds. Does it work? It depends...
My views on the subject...
Your Age in Bonds’ a Good Investing Rule? Rick Ferri Weighs In
By John Manganaro, ThinkAdviser
Your Age in Bonds’ a Good Investing Rule? Rick Ferri Weighs In
By John Manganaro, ThinkAdviser
- Wed Jan 03, 2024 11:10 am
- Forum: Investing - Theory, News & General
- Topic: 2024 Hedge Fund contest
- Replies: 156
- Views: 28426
Re: 2024 Hedge Fund contest
East-West Fund
I'm going 100% long RIVN. Rivian Automotive Inc. Cl A
Wise investors will short this stock based on my performance in the last few years.
I'm going 100% long RIVN. Rivian Automotive Inc. Cl A
Wise investors will short this stock based on my performance in the last few years.
- Tue Jan 02, 2024 7:41 am
- Forum: Investing - Theory, News & General
- Topic: 2024 BOGLEHEAD CONTEST REGISTRATION
- Replies: 579
- Views: 40026
- Fri Dec 29, 2023 6:42 pm
- Forum: Investing - Theory, News & General
- Topic: My appearance on Ralph Nader’s podcast where we discussed Jack Bogle and the Bogleheads
- Replies: 2
- Views: 1105
My appearance on Ralph Nader’s podcast where we discussed Jack Bogle and the Bogleheads
I was a recent guest on Ralph Nader’s podcast to discuss Jack Bogle and the Bogleheads. My segment starts at 30:10 minutes and lasts for about 15 minutes.
Busboys & Bogleheads with Ralph Nader
Note that the first 30 minutes is controversial political talk and not part of my interview.
Enjoy!
Rick Ferri
Busboys & Bogleheads with Ralph Nader
Note that the first 30 minutes is controversial political talk and not part of my interview.
Enjoy!
Rick Ferri
- Thu Dec 28, 2023 11:18 am
- Forum: Investing - Theory, News & General
- Topic: Bogleheads Conference 2023 Videos Now Available!
- Replies: 26
- Views: 4736
- Fri Dec 22, 2023 6:57 pm
- Forum: Investing - Theory, News & General
- Topic: New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
- Replies: 43
- Views: 7203
Re: New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
Powell is talking about next year. Qain is talking about the next ten years.
- Fri Dec 22, 2023 5:37 pm
- Forum: Investing - Theory, News & General
- Topic: New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
- Replies: 43
- Views: 7203
Re: New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
I gave it an honest listen But after hearing the podcast it doesn't look like vanguard has given an honest listen to the fed Eg. Dr. Wang says that monetary policy will become increasingly restrictive but Powell suggested that fed would be proactively loosening monetary policy ahead of any severe downturn. Also with rationales like "fading of US exceptionalism" in my opinion this forecast is bound for the dustbin at higher rate of velocity than any previous vanguard forecast. Ah! You didn't listen carefully enough. :wink: Qian was talking about REAL yields, not nominal yields. If inflation is 4%, and the nominal Fed funds rate is 5%, the real yield is 1.0%. When inflation falls to 2%, and the Fed cuts to 3.5%, the real yield is 1...
- Fri Dec 22, 2023 2:08 pm
- Forum: Investing - Theory, News & General
- Topic: New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
- Replies: 43
- Views: 7203
Re: New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
This interview wasn’t to get Bogleheads to time the markets. Far from it. I enjoy listening to very smart and thoughtful people who spent their lives studying global economics talk about what might be going on out there. Whether you use that in your portfolio or not is up to you.
Rick Ferri
Rick Ferri
- Fri Dec 22, 2023 11:53 am
- Forum: Investing - Theory, News & General
- Topic: New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
- Replies: 43
- Views: 7203
Re: New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
You clearly did not listen to the interview.SevenBridgesRoad wrote: ↑Fri Dec 22, 2023 10:32 am Market predictions for an entire year? Yawn. No thanks.
Rick Ferri
- Fri Dec 22, 2023 6:13 am
- Forum: Investing - Theory, News & General
- Topic: New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
- Replies: 43
- Views: 7203
- Thu Dec 21, 2023 7:04 pm
- Forum: Investing - Theory, News & General
- Topic: New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
- Replies: 43
- Views: 7203
Re: New "Bogleheads on Investing" podcast #65: Dr. Qiun Wang, Vanguard economic and market outlook of 2024
Fixed.HenrySouthernCal wrote: ↑Thu Dec 21, 2023 6:43 pm You got her name wrong. Her name is Qian Wang, not Qiun Wang.
- Thu Dec 21, 2023 6:15 pm
- Forum: Investing - Theory, News & General
- Topic: New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
- Replies: 43
- Views: 7203
New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
My interesting interview with Dr. Qian Wang, Vanguard’s Asia-Pacific chief economist and global head of the Vanguard Capital Markets Model team in the Investment Strategy Group. We discuss their new report, "Vanguard economic and market outlook for 2024: A return to sound money." LINK TO PODCAST> Episode 65: Dr. Qian Wang, Vanguard economic and market outlook of 2024, host Rick Ferri LINK TO REPORT> Vanguard economic and market outlook for 2024: A return to sound money. Qian Wang, Ph.D., is Vanguard’s Asia-Pacific chief economist and global head of the Vanguard Capital Markets Model team in the Investment Strategy Group. She is also a member of Vanguard’s Strategic Asset Allocation Committee and its Time-Varying Asset Allocation S...
- Sat Dec 16, 2023 7:25 pm
- Forum: Investing - Theory, News & General
- Topic: My Case Against Factor Investing
- Replies: 93
- Views: 19565
Re: My Case Against Factor Investing
I found it distressing that Rick Ferri apparently is throwing in the towel on the Total Economy portfolio as enumerated in the second edition of All About Asset Allocation . I decided to reexamine my own portfolio that resembles the Total Economy portfolio light of this. I wouldn't say he has thrown in the towel. There is still a Total Economy portfolio as one of his Core-4 portfolios. https://core-4.com This isn't true. I never threw in the towel on factor investing. I was asked to give the case against factor investing, and that's what I did. Listen to the interview. For the record, I follow the Total Economy Portfolio myself, and I've owned RZV for 15 years and VBR for ten years. Rick Ferri Didn’t you drop REITS? I substituted it with a...
- Sat Dec 16, 2023 7:24 pm
- Forum: Investing - Theory, News & General
- Topic: My Case Against Factor Investing
- Replies: 93
- Views: 19565
Re: My Case Against Factor Investing
I found it distressing that Rick Ferri apparently is throwing in the towel on the Total Economy portfolio as enumerated in the second edition of All About Asset Allocation . I decided to reexamine my own portfolio that resembles the Total Economy portfolio light of this. I wouldn't say he has thrown in the towel. There is still a Total Economy portfolio as one of his Core-4 portfolios. https://core-4.com This isn't true. I never threw in the towel on factor investing. I was asked to give the case against factor investing, and that's what I did. Listen to the interview. For the record, I follow the Total Economy Portfolio myself, and I've owned RZV for 15 years and VBR for ten years. Rick Ferri Didn’t you drop REITS? I substituted it with a...
- Sat Dec 16, 2023 2:07 pm
- Forum: Investing - Theory, News & General
- Topic: My Case Against Factor Investing
- Replies: 93
- Views: 19565
Re: My Case Against Factor Investing
This isn't true. I never threw in the towel on factor investing. I was asked to give the case against factor investing, and that's what I did. Listen to the interview.DaufuskieNate wrote: ↑Sat Dec 16, 2023 12:15 pmI wouldn't say he has thrown in the towel. There is still a Total Economy portfolio as one of his Core-4 portfolios. https://core-4.comKarlJ wrote: ↑Sat Dec 16, 2023 12:00 pm I found it distressing that Rick Ferri apparently is throwing in the towel on the Total Economy portfolio as enumerated in the second edition of All About Asset Allocation. I decided to reexamine my own portfolio that resembles the Total Economy portfolio light of this.
For the record, I follow the Total Economy Portfolio myself, and I've owned RZV for 15 years and VBR for ten years.
Rick Ferri
- Thu Dec 14, 2023 11:09 am
- Forum: Investing - Theory, News & General
- Topic: My Case Against Factor Investing
- Replies: 93
- Views: 19565
- Tue Dec 12, 2023 9:11 am
- Forum: Investing - Theory, News & General
- Topic: Dividend Yielding version of Rick Ferri's Core Four Portfolio
- Replies: 2
- Views: 658
- Sat Dec 09, 2023 9:21 pm
- Forum: Investing - Theory, News & General
- Topic: My Case Against Factor Investing
- Replies: 93
- Views: 19565
My Case Against Factor Investing
I'm not against factor investing per se, if you know what you're getting into, are willing to pay higher fees, and are capable of suffering through long periods of underperformance. But when asked to make a case against it, here is what I said...
The Case Against Factor Investing
A podcast from Adviser Perspectives
Rick Ferri
The Case Against Factor Investing
A podcast from Adviser Perspectives
Rick Ferri
- Thu Dec 07, 2023 11:03 am
- Forum: Investing - Theory, News & General
- Topic: William Bernstein on TIPS, asset allocation, and four deep risks
- Replies: 189
- Views: 30430
- Sat Nov 25, 2023 9:04 am
- Forum: Investing - Theory, News & General
- Topic: New Bogleheads podcast. Episode 64: Victor Haghani and James White, ”The Missing Billionaires”
- Replies: 51
- Views: 15410
Re: New Bogleheads podcast. Episode 64: Victor Haghani and James White, ”The Missing Billionaires”
Then discuss the interview topics.pizzy wrote: ↑Sat Nov 25, 2023 8:53 am We already have a thread discussing the book.
viewtopic.php?t=414623
Are the backgrounds of the guests on a podcast not fair game when discussing the podcast?
Backgrounds of podcast guests are relevant when useful to the discussion. Some of the comments in this thread are not because they express opinions on a person’s wealth that are not useful to the discussion of this thought provoking book or my interview.
Rick Ferri