Search found 5529 matches

by siamond
Sun Sep 20, 2020 4:14 am
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 1049
Views: 348097

Re: Variable Percentage Withdrawal (VPW)

Many times I have read your description of the growth trends and the concept of the WAG, and it makes sense. I have also read this thread starting from your post on page 17. So, there is no need to reexplain that. My questions about the growth trends and WAG are mainly HOW it is used in the calcula...
by siamond
Sat Sep 19, 2020 9:38 pm
Forum: Investing - Theory, News & General
Topic: Reasons to invest internationally, or not.
Replies: 190
Views: 10239

Re: Reasons to invest internationally, or not.

Edit: According to a poster in this thread https://www.bogleheads.org/forum/viewtopic.php?t=299607 the average amount withheld in VTIAX by foreign governments is about 7%. If the average dividend yield over the past decade is about 3.2% and that approximate 7% figure is correct, then the drag from ...
by siamond
Sat Sep 19, 2020 2:35 pm
Forum: Investing - Theory, News & General
Topic: Reasons to invest internationally, or not.
Replies: 190
Views: 10239

Re: Reasons to invest internationally, or not.

The academic literature suggests dividend withholding taxes are a real drain on foreign equity investments. Generally, foreign countries withhold more than 15% of the dividends, the U.S. allows a foreign tax credit claim of 15%, and the investor then has to make a claim in the foreign county for a ...
by siamond
Thu Sep 17, 2020 10:14 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

I updated again the reference post for the new historical data sources, adding the following: I also created a Yields Curve spreadsheet , where I tallied the 1941+ monthly series from the 'Yield Curves' book and added some simple logic to fill a few gaps. Those numbers (Estimated Par Bond Yields) ar...
by siamond
Mon Sep 14, 2020 8:56 am
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

dcabler wrote: Mon Sep 14, 2020 6:10 amSiamond - "historical spreadsheet" above is a dead link....
Hm, sorry about that, was a copy and paste mistake. Here is a working link. I fixed the post. Tx.
by siamond
Sun Sep 13, 2020 12:42 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

So, I'll give myself until the early 2021 annual update to implement this new model using the new yields. Seems like a great goal to aim at. Cool. For simplicity (and for reference), it would be nice if you wrote a new post similar to your previous post about selected yields, but also include FRED ...
by siamond
Sun Sep 13, 2020 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Help create a Financial Presentation: Calling all Bogleheads
Replies: 130
Views: 28978

Re: Help create a Financial Presentation: Calling all Bogleheads

Here is a presentation that was assembled for our local Metro-Boston chapter, which can be useful for other chapters and various educational opportunities. I can share by private message a link to the corresponding Zoom talk (with my heavy accent and all). This is an introduction to Rebalancing conc...
by siamond
Sun Sep 13, 2020 11:08 am
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

I'd like to keep it on an annual model because I view the spreadsheet as an educational tool in addition to being useful to derive synthetic bond returns from historical rates. Well, given that US bonds are typically biannual (and that BEY/APY math is rather confusing), it seems to me that an educa...
by siamond
Sun Sep 13, 2020 10:20 am
Forum: Investing - Theory, News & General
Topic: Role of bonds in a portfolio - Wiki issue
Replies: 13
Views: 1447

Re: Role of bonds in a portfolio - Wiki issue

Has that passage been deleted? I don't see it. It appears that we have reasonable consensus to remove the faulty sentence about correlations, so I proceeded. Here is the sentence I deleted: << Longer-term bonds have higher correlation with equities; shorter-term bonds provide more diversification b...
by siamond
Sat Sep 12, 2020 10:59 pm
Forum: US Chapters
Topic: Master Thread for Metro Boston's Chapter
Replies: 446
Views: 146804

Re: Master Thread for Metro Boston's Chapter

One more meeting completed... Onto the next one, which is scheduled for Dec 12th, starting around 1pm. Mark your calendars!
by siamond
Sat Sep 12, 2020 10:38 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

I think that the bond simulator should use APYs. I was actually going to raise a similar issue after finishing to sort out the updated historical data sources, but here we are, the two themes inter-twined earlier than I thought... Where I was coming from is that the simulator today doesn't take in ...
by siamond
Sat Sep 12, 2020 12:57 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

Ok, I went for ((1 + D/2) x (1 + J/2) - 1) for now. Seemed more logical. I updated my historical spreadsheet accordingly. PS. this is an NBER series, it's just that FRED made it available on its Web site, so we probably shouldn't assume this is the same logic as FRED CMT series. The best description...
by siamond
Sat Sep 12, 2020 12:05 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

So, it would make sense to create a synthetic 1-year yield using the compound return of two half-year investments using December (D) and June (J) yields: (((1 + D) X (1 + J)) - 1) . Note that D and J must be recovered from the annualized yields: D = (((1 + annualized December yield)^(1 / 2)) - 1) ....
by siamond
Thu Sep 10, 2020 10:50 pm
Forum: Investing - Theory, News & General
Topic: Role of bonds in a portfolio - Wiki issue
Replies: 13
Views: 1447

Re: Role of bonds in a portfolio - Wiki issue

I'm a volunteer wiki editor so I can fix stuff. I'm certainly going to fix this sentence at my discretion. If there are any other technical errors particularly on the fixed income side (where I'm most educated), let me know and I'll go sort it out. I'd suggest you simply remove the faulty sentence....
by siamond
Thu Sep 10, 2020 10:32 pm
Forum: Investing - Theory, News & General
Topic: Role of bonds in a portfolio - Wiki issue
Replies: 13
Views: 1447

Re: Role of bonds in a portfolio - Wiki issue

vineviz wrote: Thu Sep 10, 2020 6:11 amLong-term bonds do NOT have higher correlation with equities than short bonds, and for some types of bonds the opposite is mildly true.

Shorter duration bonds have less diversification benefits primarily due to their lower variance and not any difference in correlation.
Yup, agreed.
by siamond
Thu Sep 10, 2020 5:18 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

Time to reach closure on those new historical data sources. Here is my complete proposal (year XXXX means beginning of year in the following, all series are monthly, either monthly average or end-of-month values): 1871 to 1940 * 1 year rate from FRED Commercial Paper 4-6m rates => see the APY/BEY di...
by siamond
Fri Sep 04, 2020 4:25 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

After reading more carefully the 1925 to 1940 commentary in the "Yield Curves" book, there is unfortunately not much we can use here, as the (estimated) par bond yield data is very discontinuous: - 1925 to 1932: partially-tax-exempt - 1930 to 1942: fully tax-exempt - 1940 to 1992: fully taxable (194...
by siamond
Fri Sep 04, 2020 3:34 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads blog - June to August 2020 postings
Replies: 2
Views: 409

Bogleheads blog - June to August 2020 postings

https://i.imgur.com/0D1VYZIl.jpg Do you know that there is a Bogleheads blog ? We could use more readers (and also more writers!)... I will issue a post like this on a regular basis to remind forum readers about it, but it is easier for interested parties to get an e-mail notification by subscribin...
by siamond
Thu Sep 03, 2020 11:19 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

[...] At any rate, I follow the Treasury's guidance, and consider the CMT yields to be par yields--at least good enough for the kinds of things we do with them. Just to clarify, the 'Yield Curves' book I just received is a mathematical model, reconstructing yields for each month and each (fixed) ma...
by siamond
Thu Sep 03, 2020 4:25 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

Finally received "The Bible". The 1993 edition of "The Historical US Treasury Yield Curve" (Coleman, Fisher, Ibbotson) . Which is probably more or less the same data as what CRSP makes available to academics and government agencies... We can notably find Table 7-2, a nice synthetic table with end of...
by siamond
Wed Sep 02, 2020 4:36 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

About the 1871-1919 period, after reading Homer's chapter on the 19th century to complement the 20th century's chapter, this was really a different time... A very hectic time with severe ups and downs and a fledgling banking system overly influenced by political battles and immature markets. By then...
by siamond
Mon Aug 31, 2020 11:51 am
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

Continuing to unravel historical rates... The US 1900-1945 and US 1946-1990 sections in Homer's book are essentially numbers from (and commentary about) a synthetic publication from the Federal Reserve, which summarizes loads of information found in the individual Fed bulletins. There are two PDF fi...
by siamond
Sun Aug 30, 2020 5:09 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

I had not realize this before, but it's logical: periods of high interest rates show up as a thicker mesh and periods of low interest rates as a thinner mesh. How to make modern art out of bond returns... I am impressed! :wink: Unrelated PS: in this very useful post , there are a few typos (e.g. 19...
by siamond
Sat Aug 29, 2020 3:11 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

My motivation is to build a bond fund, in 1871, which behaves similarly to a mature bond fund which was started many years earlier. [...] Oh, silly me... It is actually a very direct extension of my own model one row upward, just setting up the initial par values and the coupon rates as you explain...
by siamond
Sat Aug 29, 2020 12:08 am
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - Shiller: From Rates to Returns

Putting on hold the research on historical data sources for a minute, I have a question on the simulator itself. I just wanted to add that I have improved the fund simulator's bootstrap. [...] I assembled my own 'cash flow' spreadsheet from scratch, so that I can truly understand what is happening i...
by siamond
Fri Aug 28, 2020 10:14 am
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

1) I had to download it and open it in LibreOffice Calc to make sense of it. Somehow, it was difficult to view online (couldn't scroll right far enough, when not logged into Google). I probably should have mentioned that it's an Excel spreadsheet, not a Google Sheet. I didn't try to package it for ...
by siamond
Thu Aug 27, 2020 2:34 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

I received my copy of "A History of Interest Rates" (4th edition, Sidney Homer and Richard Sylla). The top-level finding is fairly easy: Prof. Shiller used for his 'RLONG' series the annual averages provided by this book for the pre-1953 values. For 1920 to 1953, Prof. Shiller used Homer's LT Govt S...
by siamond
Thu Aug 27, 2020 10:37 am
Forum: Investing - Theory, News & General
Topic: How do I know what withdrawal rate to use?
Replies: 53
Views: 4511

Re: How do I know what withdrawal rate to use?

So, I am leaning towards a modified (or at least a simplified) form of Guyton-Klinger rules as my preferred withdrawal strategy. [...] A few years before my own early retirement, I studied withdrawal methods at length, including extensive backtesting (here is one thread where I discusses some resul...
by siamond
Wed Aug 26, 2020 11:30 am
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

Let me summarize what we have from the Fed (original source: Fed's bulletins via NBER/FRED MacroHistory) in a more readable manner - all monthly average series: * Prime Commercial Paper (4-6m): 1871-1970 * US Govt Securities (9-12m): 1943-1970 * US Govt Securities (3-5y): 1945-1965 * US Govt Bonds (...
by siamond
Tue Aug 25, 2020 5:59 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

Overall, I suspect that (barring some public access to CRSP) we will have to make do with a combination of commercial paper rates and those 'long term' NBER/FRED series. Now what average maturity we should use for those LT yields, I am not sure... How about 10 years? That's probably what Prof. Shil...
by siamond
Tue Aug 25, 2020 11:42 am
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

I tried to find other sources for the pre-1953 time period, but I didn't get anything concrete for now. If anybody has another idea, speak up... - Prof. Shiller relied on interest rates from the Sidney Homer book ('A History of Interest Rates'). From a few scanned pages on Google Books, it seems tha...
by siamond
Tue Aug 25, 2020 9:22 am
Forum: US Chapters
Topic: Master Thread for Metro Boston's Chapter
Replies: 446
Views: 146804

Re: Master Thread for Metro Boston's Chapter

Folks, a quick reminder about the fall meeting: Sep 12th , 10:15-12:30. It will be an online meeting, agenda will be centered on rebalancing, specific instructions will be shared via our Metro-Boston chapter e-mail distribution list. For those of you who are not yet on the distribution list, please ...
by siamond
Mon Aug 24, 2020 10:43 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

What I had in mind was to more systematically explore the historical data series from NBER MacroHistory . Which are replicated on FRED here . So I assembled a spreadsheet with the (monthly) series which seemed of interest for our simulator project, extracted December rates and put things side to sid...
by siamond
Mon Aug 24, 2020 9:51 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads blog: a new rebalancing study
Replies: 143
Views: 10708

Re: Bogleheads blog: a new rebalancing study

How about stocks and real estate? Rebalancing between asset classes with unequal returns over the investment time period merely controls risk (and likely lowers returns). Rebalancing between asset classes with equal returns provides a bonus (and controls risk). I already ran the real estate test. T...
by siamond
Mon Aug 24, 2020 7:40 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads blog: a new rebalancing study
Replies: 143
Views: 10708

Re: Bogleheads blog: a new rebalancing study

Interestingly, if your assets all have similar high returns, there is a bonus. Consider a portfolio that is 1/3 US stocks, 1/3 intl stocks, and 1/3 real estate. It's the presence of bonds or other low return asset classes that prevent the presence of a bonus. Hm. What gave you this idea? I just ran...
by siamond
Mon Aug 24, 2020 7:23 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads blog: a new rebalancing study
Replies: 143
Views: 10708

Re: Bogleheads blog: a new rebalancing study

I agree that all those studies should be compared to a life strategy fund where the baseline is do nothing and let the institutions do it all on their own vs DIY rebalancing strategies. I understand where you're coming from, but we just don't have enough historical data from LifeStrategy funds to d...
by siamond
Mon Aug 24, 2020 12:03 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

It would definitely be better to switch to sources like FRED's commercial paper series as approximation for 1-year yields. I'd use the December (is it-end of-month?) rates (I don't like the idea of averaging December and January). But, we need December rates for 10-year yields to go along with them...
by siamond
Mon Aug 24, 2020 11:32 am
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

It is computed as 100[1/((1–Rjan/200)(1–Rjul/200)) – 1]. Data starting 1938 are from the Federal Reserve Bulletin. Data before 1938 are from Macaulay [1938], Table 10, pp. A142–A160. I also found this historical FRED series which seems to hold the same monthly data. I just checked the annual return...
by siamond
Sun Aug 23, 2020 10:55 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

I revisited the 'R' series from Prof. Shiller. The chapt26 spreadsheet says: The Federal Reserve Board discontinued its 6-month commercial paper rate series August 1997. After that, the 6-month Certificate of Deposit rate, secondary market, is used, The series R is the result of converting the Janua...
by siamond
Sun Aug 23, 2020 7:57 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

If you look at the Yields sheet, you'll see that from 1871 to 1953 we use Shiller yields (from http://www.econ.yale.edu/~shiller/data/chapt26.xlsx), which are January averages. I'd prefer to continue using these averages when switching to monthly FRED data for 8 additional years from 1954 to 1961 t...
by siamond
Sun Aug 23, 2020 4:27 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

Also, I was wondering. When using monthly values (from FRED or from Prof. Shiller), the average between December and January is probably closer to the end of the year than the January average. I know, I'm splitting hairs, but this would seem more consistent to me. I'm not in favor of this. The reas...
by siamond
Sun Aug 23, 2020 1:10 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

Very cool, thank you. If this isn't asking too much, it might be worth refreshing (or at least checking) the other data sources while you're at it... Maybe the FRED GSxx series had some updates too? And Prof. Shiller does tweak old data from time to time. Also, I was wondering. When using monthly va...
by siamond
Sun Aug 23, 2020 12:43 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

I've just downloaded the entire "daily" FRED series DGS[X] (as of August 22, 2020), extracted end-of-previous-year yields and compared with the data in version 1.24 of the bond simulator spreadsheet. Here's what I found: [...] DGS20: new yields for 1962 to 1993 which were missing previously DGS30: ...
by siamond
Sun Aug 23, 2020 10:14 am
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 373
Views: 63253

Re: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]

Very incidentally, I noticed a small error in the 1.24 version (and earlier) in the FRED Daily tab, DGS5 series. The value for [beginning of] 1969 is 6.33, which is correct. The value for 1970 is identical, which is incorrect. It should be 8.22. Here is a small extract from FRED DGS5 : 1968-12-31 6....
by siamond
Sun Aug 16, 2020 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: How to get Vanguard balances as of a historical date?
Replies: 5
Views: 602

Re: How to get Vanguard balances as of a historical date?

Silk McCue wrote: Sun Aug 09, 2020 12:00 pm When you are logged in go to this link.

https://personal.vanguard.com/us/XHTML/ ... ncesbydate

Balances & Holdings -> Balance by Date

Cheers
That's cool. Never noticed this feature. Thank you for sharing.
by siamond
Sun Aug 16, 2020 1:23 pm
Forum: Investing - Theory, News & General
Topic: Episode 013: Bogleheads on Investing - guest Dr. Bill Bernstein, host Rick Ferri
Replies: 38
Views: 6254

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

For whatever reason, I totally missed reading this interview of the good Dr. (Bill!) Bernstein. Just caught up with the transcript.
https://boglecenter.net/2019/12/27/bogl ... ranscript/

It was BOTH entertaining and informative. Well done, Rick. And Bill! :wink:
by siamond
Sun Aug 16, 2020 10:41 am
Forum: Investing - Theory, News & General
Topic: Bill Bernstein: Why value is dead
Replies: 101
Views: 10791

Re: Bill Bernstein: Why value is dead

In all due respect to Dr. Bernstein... This piece was written in 2001... RIGHT BEFORE value stocks (that is, mid-cap-value and small-cap-value) displayed a large multi-year premium . Oh, and inflation didn't do anything special by then. Oh, and MCV/SCV premiums did ok in the past 25 years in a large...
by siamond
Fri Aug 14, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Historical Price of Stocks for IRS [Cost basis]
Replies: 5
Views: 390

Re: Historical Price of Stocks for IRS

Morningstar should allow you to do so. Look for the ticker, display the full chart, set a date range of relevance.
by siamond
Wed Aug 12, 2020 4:25 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads blog: a new rebalancing study
Replies: 143
Views: 10708

Re: Bogleheads blog: a new rebalancing study

Also, isn't that what you do when you are market timing rebalancing on RBD? What about over rebalancing during a recession as I described above? You get bigger drawdowns, but higher expected returns. What about allowing some portfolio drift on the way back up? In a 70/30 portfolio that overtime dri...