Search found 421 matches

by gtwhitegold
Sun Jun 16, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 2022
Views: 148598

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Coming back to this thread, I think a similar bandwagon effect is happening due to the long rally in long term bonds and negative correlation with equities. What might cause the strategy to lag? Nobody thinks of inflation as a threat today, but this is the one thing that will really set back the le...
by gtwhitegold
Thu Jun 13, 2019 5:31 am
Forum: Investing - Theory, News & General
Topic: Best Vanguard value factor exposure?
Replies: 42
Views: 2634

Re: Best Vanguard value factor exposure?

OP my suggestion would be to pick a single fund that has positive exposure to both value and momentum, do not pick two funds, one with + value and - momentum, then another fund with - value and + momentum. The reason being, the net exposure of your portfolio will be diluted to almost zero, and 1/2 ...
by gtwhitegold
Tue Jun 11, 2019 8:45 pm
Forum: Investing - Theory, News & General
Topic: Excellent Larry Swedroe Podcast Interview: Factors For The Long Run
Replies: 337
Views: 17076

Re: Excellent Larry Swedroe Podcast Interview: Factors For The Long Run

First re factors and calculating, market beta is ALSO a long short and it's ANNUAL AVERAGE return of market MINUS ANNUAL AVERAGE return on one month bills. Second, early books talked about asset classes, as only talked about stocks and bonds and did not begin to discuss MOM until later and other fa...
by gtwhitegold
Tue Jun 11, 2019 8:32 pm
Forum: Investing - Theory, News & General
Topic: Best Vanguard value factor exposure?
Replies: 42
Views: 2634

Re: Best Vanguard value factor exposure?

If you are targeting positive momentum in the whole portfolio VFVA is likely not a good choice. So far it has very negative momentum. VFMF (the multifactor fund) might be more what you are looking for. VBR or VIOV have much closer to zero momentum so could be combined with a specific momentum fund ...
by gtwhitegold
Tue Jun 04, 2019 10:55 am
Forum: Investing - Theory, News & General
Topic: Inverting yield curve impact on the federal G fund
Replies: 4
Views: 519

Re: Inverting yield curve impact on the federal G fund

The reason that it doesn't exactly match up is that it relies on the yield to maturity (YTM) of all issued treasuries still in curculation that are older than 4 years, so it is slower to react to changes in interest rates because it relies on new bonds being issued and old bonds being taken out of t...
by gtwhitegold
Sun Jun 02, 2019 7:57 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 2022
Views: 148598

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Intriguing indeed! Kudos to all the people putting in a lot of work to have these caclulations as ironed out as can be for the back tests. Is there anyway to calculate TQQQ (Proshares 3X QQQ), URTY (Proshares 3X Russell2000), and UST (ProShares 2X 7-10 Year Treasury) and have the SIM for portfoliov...
by gtwhitegold
Sat May 25, 2019 9:28 am
Forum: Investing - Theory, News & General
Topic: International Small-cap Value Funds ??
Replies: 96
Views: 14495

Re: International Small-cap Value Funds ??

Yeah I don't even understand "multifactor" where the multi includes both Value and momentum. ISCF actually tilts growth, using morningstar's box. Morningstar's style boxes aren't constructed using factor exposure, and their definitions position "value" and "growth" as a continuum instead of the mat...
by gtwhitegold
Thu May 23, 2019 7:40 pm
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 60
Views: 9613

Re: New era for TSP "I" Fund?

Yes, given the info we have to date that sounds like a plan if you can unwind EM and small cap ex-US without tax consequences. I have about half of those positions in taxable so my plan is to spend from those when spending from taxable (am retired and withdrawing), do not reinvest their dividends, ...
by gtwhitegold
Thu May 23, 2019 6:32 pm
Forum: Investing - Theory, News & General
Topic: Valuations of International Equities vs. US Equities
Replies: 31
Views: 2880

Re: Valuations of International Equities vs. US Equities

I'm currently overweight EM and Developed International, but if I do start to volatility weight my portfolio, that will inherently reduce my International allocation.
by gtwhitegold
Thu May 23, 2019 6:56 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 2022
Views: 148598

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Returning to the original thread topic, why don't you use the idea of equal risk allocation to have 40% VTI, 60% TLT and then buy long term calls in this 4-6 ratio: 40% VTI long term calls, 60% TLT long term calls? This avoids the risks of leveraged ETFs, but provides better returns that holding 40...
by gtwhitegold
Tue May 21, 2019 8:07 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 2022
Views: 148598

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Is there a 2x leveraged version with less volatility and volatility drag? Yes, however, unless you are targeting small caps using SAA - S&P 600 2x ETF, you are better off splitting the difference between difference between a 1x ETF and a 3x ETF. There is more tracking error due to higher effective ...
by gtwhitegold
Mon May 20, 2019 7:13 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Public Vs. Private Hedge Funds
Replies: 13
Views: 1052

Re: Larry Swedroe: Public Vs. Private Hedge Funds

nisiprius, Many of those characteristics you listed as being favorable for mutual funds, as compared to hedge funds, have the potential to be value destructive. Specifically, the idea that it's a positive that mutual funds must mass redeem even when invested in markets that are anything less than h...
by gtwhitegold
Mon May 13, 2019 2:28 pm
Forum: Investing - Theory, News & General
Topic: Understanding using treasury futures for leverage to implement risk parity
Replies: 120
Views: 7591

Re: Understanding using treasury futures for leverage to implement risk parity

Today at intra days lows my portfolio P/L day was down 1% (insignificant in $ amount) With 14x leverage and larger drawdowns it is very difficult to stick with this strategy. At what point your $100k with 14x leverage will be wiped out? You have 140% exposure to the S&P 500, including 140% of its v...
by gtwhitegold
Mon May 13, 2019 7:17 am
Forum: Investing - Theory, News & General
Topic: Bonds for growth Vs Bonds for rebalancing
Replies: 7
Views: 572

Re: Bonds for growth Vs Bonds for rebalancing

For rebalancing and without taking on leverage, long-term treasuries are generally the best diversifier for equities. For total return within a portfolio, including long-term investment grade credit has improved returns, but I'm not sure what the ideal ratio between credit and treasuries is. I perso...
by gtwhitegold
Mon May 13, 2019 7:00 am
Forum: Investing - Theory, News & General
Topic: Where to invest when there isn't a 401k available
Replies: 4
Views: 333

Re: Where to invest when there isn't a 401k available

I agree with the posts above. If you are likely to be an independent contractor for the remainder of the year, definitely consider opening an employer style account such as a Solo 401k, SEP IRA, or SIMPLE IRA. Each one has their plusses and minuses, so review the options carefully. Are you receiving...
by gtwhitegold
Wed May 01, 2019 7:03 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Variance Risk Premium Evidence
Replies: 84
Views: 3860

Re: Larry Swedroe: Variance Risk Premium Evidence

Does anyone know how to find the volatility metrics of the Stone Ridge and other interval funds? I would like to have that information in order to do some portfolio optimization.
by gtwhitegold
Wed May 01, 2019 6:25 pm
Forum: Investing - Theory, News & General
Topic: Do I live in a HCOL area?
Replies: 56
Views: 3249

Re: Do I live in a HCOL area?

I see the terms HCOL and LCOL (high, low cost-of-living) used frequently on this forum. Is there a commonly used definition of these terms? I get the feeling that one man’s HCOL may be another man’s LCOL. My initial research (google) yields mostly links that define COL in urban areas. Is there any ...
by gtwhitegold
Wed May 01, 2019 3:50 pm
Forum: Investing - Theory, News & General
Topic: Do I live in a HCOL area?
Replies: 56
Views: 3249

Re: Do I live in a HCOL area?

I see the terms HCOL and LCOL (high, low cost-of-living) used frequently on this forum. Is there a commonly used definition of these terms? I get the feeling that one man’s HCOL may be another man’s LCOL. My initial research (google) yields mostly links that define COL in urban areas. Is there any ...
by gtwhitegold
Wed May 01, 2019 7:15 am
Forum: Investing - Theory, News & General
Topic: Is factor-based small-value/Fama-French tilting worth it?
Replies: 101
Views: 5889

Re: Is factor-based small-value/Fama-French tilting worth it?

And I could keep total international (VTSAX or FZROX) along with Vanguard Total International Stock Index Fund Admiral Shares (VTIAX or FZILX) in my taxable accounts for tax loss harvesting to their respective ETFs... Not so fast. Vanguard mutual funds and their respective ETFs are the same stuff i...
by gtwhitegold
Wed May 01, 2019 6:21 am
Forum: Investing - Theory, News & General
Topic: Is factor-based small-value/Fama-French tilting worth it?
Replies: 101
Views: 5889

Re: Is factor-based small-value/Fama-French tilting worth it?

Thank you all for your valuable input! Let's say I want to balance factor-investing with simplicity by only tilting toward 2 factors: size and emerging markets. Is this an inherently bad idea, assuming that I have a 20+ year time horizon and am risk tolerant? If it isn't a bad idea, how does this m...
by gtwhitegold
Sun Apr 28, 2019 8:02 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 2022
Views: 148598

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

OP - great effort documenting your strategy logically in a way that is easy for the average investor to understand. Your logic seems sound in the sense that is diversified, realizing the high return advantage of the 3x leveraged ETF on the upside and minimizing the risk of downside by using treasur...
by gtwhitegold
Wed Apr 24, 2019 12:09 pm
Forum: Investing - Theory, News & General
Topic: Google sheets not pulling stock prices
Replies: 112
Views: 13723

Re: google finance no longer able to query some tickers in Google Sheets

I've been using Google Sheets for some time to monitor my portfolio. Approximately two days ago, it stopped being able to query a few of the tickers that I own (a minority of them). The vast majority of my tickers are still working. This is what used to work in google sheets: =(Googlefinance("VOO",...
by gtwhitegold
Wed Apr 24, 2019 12:05 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Using Valuation Metrics
Replies: 106
Views: 5249

Re: Larry Swedroe: Using Valuation Metrics

Larry's article wrote: The bottom line is that 40% explanatory power provides significant information that investors can use to build plans. However, you must not make the mistake of overestimating the forecasting power of the CAPE 10 metric and treat that forecast as what will happen. Instead, it ...
by gtwhitegold
Tue Apr 23, 2019 7:04 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Variance Risk Premium Evidence
Replies: 84
Views: 3860

Re: Larry Swedroe: Variance Risk Premium Evidence

I'm still wondering how you do it (rebalancing), given that your non-stock portfolio is largely illiquid holdings plus a bond ladder. Rebalancing inside the stock portion seems easy enough; rebalancing between stocks and everything else seems difficult. You certainly shouldn't feel the need to "def...
by gtwhitegold
Mon Apr 22, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 148
Views: 13380

Re: Vanguard Announces Plans to Launch Commodities Fund

CCF funds can be viewed as insurance. If one views it in this perspective, then the slightly negative returns and slightly higher volatility compared to intermediate term treasuries is justifiable. For a portfolio using VT as the only equity allocation and a fixed income portfolio balanced in term r...
by gtwhitegold
Wed Apr 17, 2019 5:57 am
Forum: Investing - Theory, News & General
Topic: Understanding using treasury futures for leverage to implement risk parity
Replies: 120
Views: 7591

Re: Understanding using treasury futures for leverage to implement risk parity

ZROZ is longer term, but has more negative alpha. I would still pick EDV even if I was targeting a longer duration. Can you explain what you mean? I don't see any difference in performance that would suggest a more negative alpha? https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePerio...
by gtwhitegold
Tue Apr 16, 2019 9:49 pm
Forum: Investing - Theory, News & General
Topic: Understanding using treasury futures for leverage to implement risk parity
Replies: 120
Views: 7591

Re: Understanding using treasury futures for leverage to implement risk parity

If you want to maintain a continuous roll on your futures and not try to time the market, I recommend that you look at how the futures are implemented in this thread. Having a lot of low duration contracts and either a long-term bond ETF like EDV or long term futures at a lower concentration create...
by gtwhitegold
Tue Apr 16, 2019 8:05 am
Forum: Investing - Theory, News & General
Topic: Understanding using treasury futures for leverage to implement risk parity
Replies: 120
Views: 7591

Re: Understanding using treasury futures for leverage to implement risk parity

This thread is more relevant than HEDGEFUNDIE's because user Rob Bertram uses treasury futures whereas HEDGEFUNDIE uses leveraged ETFs. A lot of good info in here. Should I use margin to buy a balanced fund? If you want to maintain a continuous roll on your futures and not try to time the market, I...
by gtwhitegold
Tue Apr 16, 2019 6:30 am
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 60
Views: 9613

Re: New era for TSP "I" Fund?

I just got asked today! 2 Factor Authentication is supposed to be available now. I can try to validate and report back later. Got an email this morning saying 2FA was available (by email or text message). Tonight the TSP website is down for maintenance. I'll try again in a bit. Ten minutes later an...
by gtwhitegold
Mon Apr 15, 2019 4:14 pm
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 60
Views: 9613

Re: New era for TSP "I" Fund?

I know that some these were put on the back burner because of blended retirement system and other efforts, but those are the two that I'm prioritizing. I can't believe (well, I can, but barely) that they still haven't implemented two-factor authentication.... That's supposed to be in the pipeline n...
by gtwhitegold
Mon Apr 15, 2019 4:13 pm
Forum: Investing - Theory, News & General
Topic: Thrift Savings Plan expenses rising
Replies: 50
Views: 4252

Re: Thrift Savings Plan expenses rising

In addition to the G fund....... - Superior protection from creditors - When reconstituted next year, the I fund ER will be 56% and 60% lower than comparable Vanguard and Blackrock offerings (VXUS, IXUS). - Retirees age 55-59.5 can withdraw funds penalty-free without setting up and being bound by a...
by gtwhitegold
Sun Apr 14, 2019 2:39 pm
Forum: Investing - Theory, News & General
Topic: Thrift Savings Plan expenses rising
Replies: 50
Views: 4252

Re: Thrift Savings Plan expenses rising

If you have followed the thread about upcoming changes to the I Fund, then you will see that the transition to the MSCI ACWI ex US IMI index will result in an increase in fees. The I Fund will likely be more expensive than VXUS or IXUS for the transition period, but will be less expensive after. It...
by gtwhitegold
Sun Apr 14, 2019 12:36 pm
Forum: Investing - Theory, News & General
Topic: Thrift Savings Plan expenses rising
Replies: 50
Views: 4252

Re: Thrift Savings Plan expenses rising

Well, yes, then we agree that I should do as planned and roll the TSP (except my G fund holdings) to one of the low cost brokerage IRAs when I retire. As the TSP's costs drift higher than them, I'm looking for a reason to stay and I'm not finding one. Many of the costs mentioned here and an in earl...
by gtwhitegold
Sun Apr 14, 2019 11:09 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 2022
Views: 148598

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

For anyone considering to implement a leveraged portfolio, but is not sure how to wind it down or consider 3x leverage too much, it's probably better to continue to use the 3x leveraged ETFs, but substitute a 1x ETF for the remainder of the allocation. This will also work if you are planning on tilt...
by gtwhitegold
Sat Apr 13, 2019 11:28 am
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 148
Views: 13380

Re: Vanguard Announces Plans to Launch Commodities Fund

I'm not saying that you are wrong, but as someone who views the purpose of fixed income differently, I would still use this, extend my fixed income duration, and if I wanted to take risk off of the table, then put some money in the G Fund. Since the G Fund and (some) stable value funds act like hig...
by gtwhitegold
Fri Apr 12, 2019 6:11 am
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 148
Views: 13380

Re: Vanguard Announces Plans to Launch Commodities Fund

As far as I know, Larry has recommended that investors who hold CCFs should also consider extending duration of safe bonds, and this has been a consistent recommendation. In the article linked from Yahoo Finance, he gives Vanguard Short-Term Treasury ETF (VGSH) and Vanguard Intermediate-Term Treasu...
by gtwhitegold
Tue Apr 09, 2019 10:29 am
Forum: Investing - Theory, News & General
Topic: Leveraged TIPS?
Replies: 15
Views: 993

Re: Leveraged TIPS?

I don't think that this will be likely in the near future. There is not a futures market for TIPS and I'm not sure how many banks want to take the counterparty risk on TIPS swaps.
by gtwhitegold
Sun Apr 07, 2019 5:37 pm
Forum: Investing - Theory, News & General
Topic: Is there a relatively stable junk bond fund?
Replies: 43
Views: 4990

Re: Is there a relatively stable junk bond fund?

I don't know if it's what you're looking for, but fallen angel bonds are one of the better options for junk bonds. Below is an old thread about them.

viewtopic.php?t=99492
by gtwhitegold
Sun Apr 07, 2019 2:10 pm
Forum: Investing - Theory, News & General
Topic: Obscure IRA Rules
Replies: 12
Views: 1503

Re: Obscure IRA Rules

I didn't know about the Military one either, but I will pass it along to my co-workers.
by gtwhitegold
Sat Apr 06, 2019 8:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 148
Views: 13380

Re: Vanguard Announces Plans to Launch Commodities Fund

I don't see why there is so much hate for this fund. Personally, I'm not going to invest in it when it becomes available , but I will consider it at a later time. I also agree with Day9 in how it should be implemented in a portfolio. Too bad that it includes short term bonds and not intermediate or...
by gtwhitegold
Sat Apr 06, 2019 7:31 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 148
Views: 13380

Re: Vanguard Announces Plans to Launch Commodities Fund

Interesting. For those interested here is a link to the monthly bloomberg reports on the commodity index Vanguard will be benchmarking against https://data.bloomberglp.com/promo/sites/12/438594_BCOM-April2019Outlook.pdf from page 18 commodities are still in contango of -3.6% and that has gotten wor...
by gtwhitegold
Sat Apr 06, 2019 7:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 148
Views: 13380

Re: Vanguard Announces Plans to Launch Commodities Fund

I don't see why there is so much hate for this fund. Personally, I'm not going to invest in it when it becomes available, but I will consider it at a later time. I also agree with Day9 in how it should be implemented in a portfolio. Too bad that it includes short term bonds and not intermediate or ...
by gtwhitegold
Sat Apr 06, 2019 7:13 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 148
Views: 13380

Re: Vanguard Announces Plans to Launch Commodities Fund

I don't see why there is so much hate for this fund. Personally, I'm not going to invest in it when it becomes available , but I will consider it at a later time. I also agree with Day9 in how it should be implemented in a portfolio. Too bad that it includes short term bonds and not intermediate or...
by gtwhitegold
Fri Apr 05, 2019 2:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 148
Views: 13380

Re: Vanguard Announces Plans to Launch Commodities Fund

I don't see why there is so much hate for this fund. Personally, I'm not going to invest in it when it becomes available, but I will consider it at a later time. I also agree with Day9 in how it should be implemented in a portfolio. Too bad that it includes short term bonds and not intermediate or l...
by gtwhitegold
Fri Apr 05, 2019 12:44 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 2022
Views: 148598

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

The implicit assumption throughout this thread has been that futures are “cheaper” than using leveraged ETFs. If you subtract -50 bp in illiquidity every quarter that advantage goes away fast. But won't the leveraged ETFs be affected too? UPRO seems to hold e-minis , though not at 100% of course. I...
by gtwhitegold
Fri Apr 05, 2019 8:06 am
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 148
Views: 13380

Re: Vanguard Announces Plans to Launch Commodities Fund

Moneybags1 wrote:
Fri Apr 05, 2019 5:04 am
Am I missing something here? As I understand the OP, this fund is only available to advisors and institutional investors..
It's marketed towards them, but anyone with $50,000 to invest will be able to.
by gtwhitegold
Thu Apr 04, 2019 4:46 pm
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 185
Views: 14991

Re: All the "should I be 100% stocks" threads over the last year.

What'd you do it in, Python? I used Go. If it wasn't an exercise, Python would have been my default choice for something like this. That's interesting, I have never heard of Go. In another post, I was wondering what the Go game had to do with the topic, but it makes sense now. How intuitive is it? ...
by gtwhitegold
Wed Apr 03, 2019 7:35 pm
Forum: Investing - Theory, News & General
Topic: Make sure your retirement investment plan includes being fired from your job in your 50s
Replies: 285
Views: 16696

Re: Make sure your retirement investment plan includes being fired from your job in your 50s

For any Americans working in the tech sector who is concerned about job security, I would seriously recommend that they consider Federal employment. Your current still set may not directly translate, but there are accession options. If you are younger than 42, you can also consider the Military. Adm...
by gtwhitegold
Wed Apr 03, 2019 11:42 am
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 185
Views: 14991

Re: All the "should I be 100% stocks" threads over the last year.

What'd you do it in, Python? I used Go. If it wasn't an exercise, Python would have been my default choice for something like this. That's interesting, I have never heard of Go. In another post, I was wondering what the Go game had to do with the topic, but it makes sense now. How intuitive is it?
by gtwhitegold
Tue Apr 02, 2019 1:21 pm
Forum: Investing - Theory, News & General
Topic: Long Term expected returns of Vanguard Factor funds vs SCV
Replies: 7
Views: 686

Re: Long Term expected returns of Vanguard Factor funds vs SCV

I don't have any US based factor funds right now since most of my US exposure is via the S&P 500 and Extended Market funds in my TSP account. My wife has DFSTX (DFA Small Cap) in her 401k. I have considered adding DESC (Xtrackers Russell 2000 Comprehensive Factor ETF) to my portfolio once I start in...