Search found 3824 matches

by longinvest
Tue Oct 15, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 96
Views: 11273

Re: The One-Fund Portfolio as a default suggestion

The fund has some information on this. Assuming the highest federal tax bracket and no state/local tax, it seems to lose around 1% returns due to distributions: https://investor.vanguard.com/mutual-funds/profile/performance/vsmgx For comparison, the VOO loses about 0.5% from taxable distributions. ...
by longinvest
Tue Oct 15, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 96
Views: 11273

Re: The One-Fund Portfolio as a default suggestion

Longinvest, Have you quantified the additional tax cost of having a lifestrategy fund in your taxable account? (as compared to using the 3 fund portolio with equities only in taxable). 1210, the One-Fund Portfolio is primarily about simplicity and holding a good enough portfolio. Your question is a...
by longinvest
Tue Oct 15, 2019 7:29 am
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 96
Views: 11273

Re: The One-Fund Portfolio as a default suggestion

I think that the quest for an optimal portfolio is a futile one. There are just too many aspects one could try to optimize. Our brain tends to push us to optimize aspects we've aware of, but in doing so we often worsen other aspects we're not aware of. And so goes the continuous tinkering with one's...
by longinvest
Mon Oct 14, 2019 4:43 pm
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 96
Views: 11273

Re: The One-Fund Portfolio as a default suggestion

Question: What are your thoughts on how to handle a severe stock market downturn when you have a single balanced fund? Is it something to worry about? I always assume that stocks can crash at any time and incorporate this assumption into my financial plan. I've explained my approach in three posts ...
by longinvest
Mon Oct 14, 2019 3:36 pm
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 96
Views: 11273

Re: The One-Fund Portfolio as a default suggestion

I am using a combination of a target date fund (2025), balanced fund (tax-managed in taxable)...but also separate stock and bond funds. The reason is that when the stock market crashes (and it will), I don't want to have to sell stocks, even in a target date or balanced fund. So I combined the two ...
by longinvest
Mon Oct 14, 2019 3:31 pm
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 96
Views: 11273

Re: The One-Fund Portfolio as a default suggestion

However, the supposed superiority, or equality of a life cycle to a target date fund completely ignores our increasing level of risk aversion for shorter time periods. I keep hearing about "back testing" but back testing does not take into account the undesirable risk most feel in the later years. ...
by longinvest
Mon Oct 14, 2019 3:02 pm
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 96
Views: 11273

Re: The One-Fund Portfolio as a default suggestion

I really enjoy the simplicity of having a globally-diversified balanced portfolio using a single exchange-traded fund. What about you? I do also. I have VT in my taxable account and SPGM in our tax advantaged account. I'll add BNDW later. Lostdog, this thread is about all-in-one globally-diversifie...
by longinvest
Mon Oct 14, 2019 12:17 pm
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 122
Views: 17563

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

The annual percentage yield (APY) of the Ally savings account holding the withdrawal cushion has dropped to 1.80% as of October 10, 2019. This was first reported on this thread.
by longinvest
Mon Oct 14, 2019 11:21 am
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 96
Views: 11273

Re: The One-Fund Portfolio as a default suggestion

I really enjoy the simplicity of having a globally-diversified balanced portfolio using a single exchange-traded fund.

What about you?
by longinvest
Sun Oct 13, 2019 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 58
Views: 7755

Re: Downloadable Social Security Benefit Estimator (2019 Update)

Neurosphere, do you plan a "v4" soon, with data valid until in Oct 2020? Working on it at this very moment. :) Great! Might be a couple of weeks before it's final, not sure. That's fine. I'll need it in early November to update the Social Security numbers of the VPW forward test . I'm working on a ...
by longinvest
Sun Oct 13, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 58
Views: 7755

Re: Downloadable Social Security Benefit Estimator (2019 Update)

neurosphere wrote:
Wed Oct 31, 2018 11:48 am
[Edit: This is the latest version "v3" as of May 30 2019, with data valid until Oct 2019 -- https://1drv.ms/x/s!Atj-cegEXidXzTjrqDs9nT62XEWh
Neurosphere, do you plan a "v4" soon, with data valid until in Oct 2020?
by longinvest
Sat Oct 12, 2019 2:35 pm
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 122
Views: 17563

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

Here's how the VPW Accumulation And Retirement Worksheet calculated its suggested $5,335 portfolio withdrawal at the end of September 2019 . The retiree will get $2,000/month Social Security payments in 5 years. That's $24,000/year. The percentage for a 5-year withdrawal schedule with a 60/40 stocks...
by longinvest
Thu Oct 10, 2019 11:11 am
Forum: Investing - Theory, News & General
Topic: Rebalancing: adaptive bands (a new approach)
Replies: 27
Views: 5872

Re: Rebalancing: adaptive bands (a new approach)

I am sorry for bringing back an old discussion but I need help understanding how to use this adaptive Band. I have a cryptocurrency portfolio ... Bogleheads invest into stock and bond portfolios. So, here are the rebalancing triggers for an internationally-diversified balanced portfolio using the a...
by longinvest
Mon Oct 07, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 77
Views: 7056

Re: Psychologically adverse to start drawing down in retirement

For folks planning a conservative WD rate, the odds are very good that on average their portfolio will increase over time, despite taking withdrawals. People need to stop worrying so much. Now if some want to pull 6%-7%+ per year, that is a different story. But you don't see many people around here...
by longinvest
Mon Oct 07, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 77
Views: 7056

Re: Psychologically averse to start drawing down in retirement

Great topic, thanks for starting. As a 37 year old net-saver, I've already started thinking about this. The idea that one day the balance of my portfolio/net worth go down is a terrible thought to me. I intellectually understand the idea that the point of saving up money now is so that I have indep...
by longinvest
Sun Oct 06, 2019 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 77
Views: 7056

Re: Psychologically adverse to start drawing down in retirement

The purpose of saving the money was to spend it in retirement. If you don't start spending it you wasted your life accumulating it. But you can fix that problem starting now. If you are worried about spending it too fast you can baseline a simple estimate such as spending 4% of the initial retireme...
by longinvest
Sat Oct 05, 2019 2:01 pm
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 122
Views: 17563

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

Forward test as of September 30, 2019 We continue our forward test . Here's a link to the previous entry . As of September 30, 2019, the retiree's portfolio is composed of: Vanguard LifeStrategy Moderate Growth Fund (VSMGX): $968,039.48 Withdrawal cushion (at Ally Bank): $26,849.59 Total Portfolio ...
by longinvest
Sat Oct 05, 2019 1:40 pm
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 122
Views: 17563

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

Portfolio balance as of September 30, 2019 The September 2019 return of the Vanguard LifeStrategy Moderate Growth Fund (VSMGX) was 1.05% and the annual percentage yield (APY) of the Ally savings account was 1.90% . We use account balances as of August 31, 2019 and apply September 2019 growth on inv...
by longinvest
Fri Oct 04, 2019 6:29 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - [Simulating Total Bond Market]
Replies: 26
Views: 659

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

Not sure if helpful for your specific application, but FRED has a corporate bond series starting from 1919: Moody's Seasoned Aaa Corporate Bond Yield This data is monthly, yield only, and for bonds with maturities of 20 years and above. This might work! One could construct a simulated Long term cor...
by longinvest
Fri Oct 04, 2019 6:13 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 305
Views: 49488

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

How do I create a daily or monthly synthetic STRIPS dataset that I can use for monte carlo and/or backtesting simulations? One could imitate the annual model in the bond fund simulator's EqPar Zero Fund (30 to 21-year) using available monthly yields. One would first need to calculate approximate yi...
by longinvest
Thu Oct 03, 2019 8:41 pm
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - [Simulating Total Bond Market]
Replies: 26
Views: 659

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

Longinvest, I have an inkling that discussions based on jmk's idea of using PV regression math to try to find a refined model for TBM are going to keep going for a while. And this is side-tracking a tad from the original intent of this thread. Are you ok with that or would you prefer that we ask mo...
by longinvest
Sat Sep 28, 2019 4:34 pm
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 122
Views: 17563

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

Using average CPI-U calculated in this and previous posts, here's an inflation-adjusted chart of this forward test expressed in August 2019 dollars:

Image
by longinvest
Sat Sep 28, 2019 4:14 pm
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 122
Views: 17563

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

The Bureau of Labor Statistics has published the consumer price index for all urban consumers (CPI-U) for August 2019. We're interested to calculate an average CPI-U to associate with our forward test at the end of August 2019. Here were the last 12 CPI-U values as of August 2019: Month CPI-U 09/201...
by longinvest
Mon Sep 23, 2019 10:10 am
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 305
Views: 49488

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

EDV pays a quarterly dividend. Would that make a difference in the model's historical approximation? Strips don't pay coupons, that's why they have a very long duration. It's easy for a real-life zero-coupon bond fund to create synthetic dividends from cash flows due to internal rebalancing and ext...
by longinvest
Mon Sep 23, 2019 6:51 am
Forum: Investing - Theory, News & General
Topic: Historical Bond Returns - From Rates to Returns [Bond Fund Simulator]
Replies: 305
Views: 49488

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

A question that was asked on an unrelated thread of mine, but which should really be discussed here. It did seem to be odd how much lower it was (drawdown worse than 60% compared to something in the 20’s ic I recall right), but it should certainly be lower by some amount due to higher duration. It ...
by longinvest
Sat Sep 21, 2019 7:54 pm
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 122
Views: 17563

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

Seems complicated. How about taking what you have, dividing by, say, 30 (years), and taking that out each year (If you retire at say, 65 or later). With earlier retirements, the number of years you divide by will have to be higher. Do the math each year, minus a year. Bck63, if I understand you cor...
by longinvest
Sat Sep 21, 2019 8:07 am
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 122
Views: 17563

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

Here's a growth chart of the Vanguard LifeStrategy Moderate Growth Fund and of the four markets it invests into since the start of this forward test : http://drive.google.com/uc?export=download&id=1pe6dnlC8L3lhylySNyThN6zS7lsuRta7 Here's a comparative chart of the growth of the four markets relative...
by longinvest
Thu Sep 19, 2019 8:08 am
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 893
Views: 300339

Re: Variable Percentage Withdrawal (VPW)

am I correct that the backtesting worksheet does not have the same functionality as the retirement worksheet in that the backtesting has no field to input a delayed date to start SS nor allow COLA vs non-COLA for the pension? Monel, welcome to the forum! The older Backtesting Spreadsheet was built ...
by longinvest
Mon Sep 16, 2019 12:07 pm
Forum: Personal Investments
Topic: Rebalancing to Oblivion
Replies: 50
Views: 4568

Re: Rebalancing to Oblivion

Is monthly re-balancing advisable or practical? No, it's not practical for a personal portfolio. I’m trying to write my IPS and figure out how/when to rebalance. I’m considering going with the 5/25 rule based on semi-annual check-ups, meaning: (1) I’d only check twice a year, (2) and I’d only act t...
by longinvest
Mon Sep 16, 2019 11:05 am
Forum: Personal Investments
Topic: Rebalancing to Oblivion
Replies: 50
Views: 4568

Re: Rebalancing to Oblivion

Dear typical.investor, 1- Your comparison table is guilty of comparing portfolios with a distinct effective average allocation to stocks. You should do a proper comparison of portfolios with equal effective average allocation to stocks. 2- Here's one of the posts I linked to that shows that keeping...
by longinvest
Sat Sep 14, 2019 9:04 am
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 122
Views: 17563

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

Here's how the VPW Accumulation And Retirement Worksheet calculated its suggested $5,315 portfolio withdrawal at the end of August 2019 . The retiree will get $2,000/month Social Security payments in 5 years. That's $24,000/year. The percentage for a 5-year withdrawal schedule with a 60/40 stocks/bo...
by longinvest
Tue Sep 10, 2019 7:15 am
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 893
Views: 300339

Re: Variable Percentage Withdrawal (VPW)

Why not lock the cells that say "YES" or "NO" to the "pension started?" question, and have it return a "YES" or "NO" automatically based on the start age and current age entries? Thanks for the suggestion. I had initially considered automatically detecting whether the pension is delayed or not, but...
by longinvest
Mon Sep 09, 2019 11:18 pm
Forum: Personal Investments
Topic: Trying to wrap my head around VPW
Replies: 28
Views: 3234

Re: Trying to wrap my head around VPW

Thanks for the comments. I enter the age manually instead f the drop down. I started ver and it worked. The results are off and will try to track down the problem. It has to do with pensions and amount of the pension (SS). The difference is 30k or so for annual I’m working on trying to figure which...
by longinvest
Mon Sep 09, 2019 5:14 pm
Forum: Personal Investments
Topic: Trying to wrap my head around VPW
Replies: 28
Views: 3234

Re: Trying to wrap my head around VPW

Oops The age for SS is giving an error. I am using Excel on a MacBook. :(. There's a check for consistency for the "Start Age" of a pension. If "Already Started" is "No", the "Start Age" must be greater than the retiree's age. If "Already Started" is "Yes", the "Start Age" can be omitted or it must...
by longinvest
Mon Sep 09, 2019 4:56 pm
Forum: Personal Investments
Topic: Trying to wrap my head around VPW
Replies: 28
Views: 3234

Re: Trying to wrap my head around VPW

longinvest, This thread has me wondering. What is the proper way to input pension and SS data? Let me give an example. In a case where a husband/wife are both 60 years old, retired, and have future SS and 1 has a pension. Let’s say... 1. Spouse A has a non-COLA, no survivor benefit pension starting...
by longinvest
Sat Sep 07, 2019 7:12 pm
Forum: Personal Investments
Topic: Trying to wrap my head around VPW
Replies: 28
Views: 3234

Re: Trying to wrap my head around VPW

As I understand it, both the VPW and TRP simulations are based on history, I think that it's important not to confuse constant 4% inflation-adjusted withdrawals (SWR) which are based on historical simulations with variable percentage withdrawals (VPW) which are primarily based on mathematics. Thank...
by longinvest
Sat Sep 07, 2019 5:07 pm
Forum: Personal Investments
Topic: Trying to wrap my head around VPW
Replies: 28
Views: 3234

Re: Trying to wrap my head around VPW

zengolf2011 wrote:
Sat Sep 07, 2019 11:20 am
As I understand it, both the VPW and TRP simulations are based on history,
I think that it's important not to confuse constant 4% inflation-adjusted withdrawals (SWR) which are based on historical simulations with variable percentage withdrawals (VPW) which are primarily based on mathematics.
by longinvest
Sat Sep 07, 2019 4:56 pm
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 122
Views: 17563

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

retiringwhen wrote:
Sat Sep 07, 2019 1:43 pm
So, I am playing along at home, I think the final August Portfolio balance is off a bit. Shouldn't it be $984,882.19?
I've provided the detailed calculations in my post. Feel free to identify any specific calculation error.

I get the following total: ($957,980.68 + $26,807.51) = $984,788.19.
by longinvest
Sat Sep 07, 2019 10:48 am
Forum: Personal Investments
Topic: Trying to wrap my head around VPW
Replies: 28
Views: 3234

Re: Trying to wrap my head around VPW

BarbBrooklyn, using the information provided in your post, I've filled the Retirement sheet of the VPW Accumulation And Retirement Worksheet . I'm 66, retired last year. Portfolio of 1.1M, approx. 40/60 with 100K in EF. Pension (non COLA) of 56K per year, Currently taking 12K per year in spousal SS ...
by longinvest
Sat Sep 07, 2019 8:32 am
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 122
Views: 17563

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

Forward test as of August 31, 2019 We continue our forward test . Here's a link to the previous entry . As of August 31, 2019, the retiree's portfolio is composed of: Vanguard LifeStrategy Moderate Growth Fund (VSMGX): $963,295.68 Withdrawal Cushion (Ally savings account): $26,854.51 Total Portfoli...
by longinvest
Sat Sep 07, 2019 8:03 am
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 122
Views: 17563

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

Portfolio balance as of August 31, 2019 We use account balances as of July 31, 2019 and apply August 2019 investment growth and savings interest. Note that the annual percentage yield (APY) of the Ally savings account holding the withdrawal cushion has dropped to 1.90% during the month of August. W...
by longinvest
Tue Sep 03, 2019 9:40 pm
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 122
Views: 17563

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

The August 2019 return of the Vanguard LifeStrategy Moderate Growth Fund (VSMGX) was -0.25% . I'm also taking note of the returns of the four (US/International Stocks/Bond) markets represented by the NAV returns of VTI (-2.02%), VXUS (-2.30%), BND (2.73%), and BNDX (2.06%) for a post later this mont...
by longinvest
Tue Sep 03, 2019 6:11 pm
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 122
Views: 17563

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

Edit - oops, never mind, you are taking an average annual rate for each month over the past year, not the past year. BTW, why are you doing that? It seems to essentially make the inflation rate changes lag a bit by using a sort of 12 mos. moving average of averages. I've explained in an earlier pos...
by longinvest
Fri Aug 30, 2019 8:21 pm
Forum: Personal Investments
Topic: Protecting ourselves from sequence of returns risk
Replies: 69
Views: 4741

Re: Protecting ourselves from sequence of returns risk

Dear Vineviz, You attribute your own made-up definition to " sequence of returns risk ", a definition that differs from the widely accepted definition , and then you claim that VPW is vulnerable to it. I have never claimed that VPW withdrawal amounts weren't affected by low returns. On the contrary,...
by longinvest
Fri Aug 30, 2019 8:01 pm
Forum: Investing - Theory, News & General
Topic: Bond Investors Making A Killing
Replies: 85
Views: 9984

Re: Bond Investors Making A Killing

Dear Vineviz, Have you considered the possibility that you could be mistaken ? Have you considered the possibility that both our mentor Jack Bogle and prof. William Sharpe, Nobel laureate, actually used an accurate meaning of the word " diversification " in their writings? Of course I've considered ...
by longinvest
Fri Aug 30, 2019 7:32 pm
Forum: Personal Investments
Topic: Protecting ourselves from sequence of returns risk
Replies: 69
Views: 4741

Re: Protecting ourselves from sequence of returns risk

Dear Vineviz, I see that you haven't provided any reference for yours: The generally accepted defintion includes ANY impact on the internal rate of return for a portfolio that is attributable to the order in which a set of returns are earned. Could you provide a reference for your claim? Vanguard : ...
by longinvest
Fri Aug 30, 2019 6:56 pm
Forum: Investing - Theory, News & General
Topic: Bond Investors Making A Killing
Replies: 85
Views: 9984

Re: Bond Investors Making A Killing

Dear Vineviz, Are you claiming that Jack Bogle used words inaccurately? It would appear so, but in fairness he's far from alone. It's a common mistake. Do you also claim that prof. William Sharpe, Nobel laureate, uses the word " diversification " inaccurately? It would appear so, but in fairness he'...
by longinvest
Fri Aug 30, 2019 6:36 pm
Forum: Investing - Theory, News & General
Topic: Bond Investors Making A Killing
Replies: 85
Views: 9984

Re: Bond Investors Making A Killing

Dear Vineviz, Dear Vineviz, I think that it's fair for me to use the words diversification and concentration on the Bogle heads forum with a similar meaning that Jack Bogle attached to them. I find it preferable to use words accurately, but to each their own I suppose. Are you claiming that Jack Bog...
by longinvest
Fri Aug 30, 2019 6:00 pm
Forum: Investing - Theory, News & General
Topic: Bond Investors Making A Killing
Replies: 85
Views: 9984

Re: Bond Investors Making A Killing

Dear Vineviz, I think that it's fair for me to use the words diversification and concentration on the Bogle heads forum with a similar meaning that Jack Bogle attached to them. I find it preferable to use words accurately, but to each their own I suppose. Are you claiming that Jack Bogle used words ...
by longinvest
Fri Aug 30, 2019 5:50 pm
Forum: Investing - Theory, News & General
Topic: Bond Investors Making A Killing
Replies: 85
Views: 9984

Re: Bond Investors Making A Killing

Dear Vineviz, These securities are relatively illiquid and represent a tiny part of the long-term Treasury bond market. This is both irrelevant and untrue. It's true . Here's my reference: Treasury STRIPS: State of the Market , Owen Hawkins, CFA, May 9, 2019 Despite the recent and forecasted demand ...