Search found 311 matches

by Beat The Street
Sat Jun 24, 2017 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Crazy(?) Adviser Advice: "I don't believe in bonds"
Replies: 49
Views: 5652

Re: Crazy(?) Adviser Advice: "I don't believe in bonds"

"I've always had success picking individual stocks"
Great can you provide me your personal 20,10,5, and 3 year GIPS certified returns? Didn't think so.

100% equities is okay being 25 years out. An adviser "not believing in bonds" is a bit more alarming. What else may they not believe in? Index funds?
by Beat The Street
Thu Apr 20, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 41653

Re: Larry Swedroe says "Goodby."

When I was 16 years old my dad suggested I read a book he found at the library called "Wise Investing Made Simple" by Larry Swedroe. I remember the instant impact it had on me and causing me to do a 180 in my investment philosophy. Being able to meet Larry a few times since then, the last ...
by Beat The Street
Wed Apr 12, 2017 10:15 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront: Why we avoid Blackrock ETFs
Replies: 24
Views: 4135

Re: Wealthfront: Why we avoid Blackrock ETFs

I wonder if they have a blog post on why they avoid mutual funds.
by Beat The Street
Sat Dec 31, 2016 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Financial Advisor Evaluation (for Mom and Stepdad)
Replies: 12
Views: 1210

Re: Financial Advisor Evaluation (for Mom and Stepdad)

Is the advisor registered as an investment advisor still?
by Beat The Street
Sat Dec 03, 2016 10:09 am
Forum: Investing - Theory, News & General
Topic: Swedroe's book
Replies: 25
Views: 3140

Re: Swedroe's book

It was still an extremely valuable book. I was just curious. Thanks for responding.
by Beat The Street
Sat Dec 03, 2016 8:50 am
Forum: Investing - Theory, News & General
Topic: Swedroe's book
Replies: 25
Views: 3140

Swedroe's book

In Your Complete Guide to Factor-Based Investing on pages 169-170 I have the same paragraph printed 3 times in a row. Does anyone else see this?
by Beat The Street
Thu Oct 20, 2016 7:04 am
Forum: Investing - Help with Personal Investments
Topic: Letter from Broker at EJ [Edward Jones]
Replies: 40
Views: 6972

Re: Letter from Broker at EJ

You have what is called a "direct account", which is not a brokerage account. EJ and many of the other major brokers are wanting to get rid of and no longer offer direct accounts, as it is easier for their internal compliance team to oversee brokerage accounts than direct accounts. They ma...
by Beat The Street
Tue Oct 04, 2016 9:41 am
Forum: Investing - Help with Personal Investments
Topic: DIY vs. low cost DFA advisor
Replies: 8
Views: 742

Re: DIY vs. low cost DFA advisor

I doubt you could even use the advisor's recommended DFA funds in your 403b or 457 plans. DFA is a great fund family, but I wouldn't pay $1,500 a year just to access their funds. A good advisor can definitely be worth $1,500 a year, a bad one can cost you much more. As an advisor I am biased, but if...
by Beat The Street
Sat May 28, 2016 2:27 pm
Forum: Investing - Theory, News & General
Topic: Books on Options
Replies: 57
Views: 3389

Re: Books on Options

Option Volatility and Pricing by Sheldon Natenberg. This is considered the Bible of options books in the industry.
by Beat The Street
Fri Apr 15, 2016 6:06 pm
Forum: Personal Consumer Issues
Topic: Stub Hub High Fees - WOW
Replies: 29
Views: 13188

Re: Stub Hub High Fees - WOW

I use SeatGeek for this reason.
by Beat The Street
Wed Apr 06, 2016 2:48 pm
Forum: Investing - Theory, News & General
Topic: [DOL Rule on Fiduciary Standard is Released]
Replies: 105
Views: 7480

Re: ‘Customers First’ to Become the Law in Retirement Investing

Except variable annuities, indexed annuities, non-traded REITs, and huge commissions will still be allowed in retirement accounts, doesn't seem like this law changes much.
by Beat The Street
Sat Feb 13, 2016 5:07 pm
Forum: Investing - Theory, News & General
Topic: S&P500 has basically gone nowhere for 15 years
Replies: 59
Views: 8095

Re: S&P500 has basically gone nowhere for 15 years

Wow the comments on that guy's post are alarming, very uneducated people.
by Beat The Street
Tue Feb 09, 2016 10:10 am
Forum: Investing - Theory, News & General
Topic: "Politics and Investing Don't Mix"
Replies: 23
Views: 2687

Re: "Politics and Investing Don't Mix"

From my experience, clients and prospects always bring up politics. I never do and try to steer clear of the conversation. The reason brokers have these sales pitches is because the customers are begging for it. The uneducated investor doesn't like hearing "Whoever is in office does not have a...
by Beat The Street
Mon Feb 08, 2016 10:44 pm
Forum: Investing - Theory, News & General
Topic: "Politics and Investing Don't Mix"
Replies: 23
Views: 2687

Re: "Politics and Investing Don't Mix"

From my experience, clients and prospects always bring up politics. I never do and try to steer clear of the conversation. The reason brokers have these sales pitches is because the customers are begging for it. The uneducated investor doesn't like hearing "Whoever is in office does not have a ...
by Beat The Street
Fri Jan 29, 2016 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Need Advisor/Planner for 1.5M Portfolio
Replies: 29
Views: 3719

Re: Need Advisor for 1.5M Portfolio

I don't think 0.40% is too high for an advisor, depends on what you're getting I suppose. Let's call that $6,000 a year, many flat fee advisors are in that range. Maybe you should find a flat fee advisor that charges $3,000 - $6,000 annually rather than based on a percentage of assets. Some that I a...
by Beat The Street
Mon Jan 25, 2016 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: John Hancock Annuity Question
Replies: 11
Views: 1148

Re: John Hancock Annuity Question

If this is a variable annuity like you said then I believe you can use someone who just has a NY securities license, but I am not positive on that rule. I also agree with you that the agent of record they assigned to your account from NY should be licensed in OK as well since that is your state of r...
by Beat The Street
Mon Jan 25, 2016 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: John Hancock Annuity Question
Replies: 11
Views: 1148

Re: John Hancock Annuity Question

The insurance laws in New York are much different than nearly any other state and often times insurance companies such as John Hancock must design specific products just to meet the state of New York's standards. It sounds like you have a fixed annuity, see if there is a prospectus available just to...
by Beat The Street
Thu Jan 07, 2016 8:56 pm
Forum: Investing - Theory, News & General
Topic: Small value underperformance, DFA
Replies: 106
Views: 10430

Re: Small value underperformance, DFA

R What underperformance? 10.16 compared to 5.63% is frickin huge outperformance:) 5 and 10 year returns will always just tell you what was hot over the previous. Odds are you will get better results by buying the funds with the worse 10 year returns than the best ones. Small and value go back at lea...
by Beat The Street
Tue Dec 29, 2015 10:46 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Bloomberg TV (12-29-15)
Replies: 20
Views: 2125

Re: Jack Bogle on Bloomberg TV (12-29-15)

"The index had a measly 2% return..."

She's right, maybe we all should invest in Third Avenue funds.
by Beat The Street
Sat Nov 21, 2015 10:46 pm
Forum: Personal Consumer Issues
Topic: Series 7 Exam and Bogleheads
Replies: 26
Views: 3415

Re: Series 7 Exam and Bogleheads

I took the 7 and 66, both are easy and can be passed with a week long study (but I was a financial planning major in college). Like someone else said, the CFA would teach you more but you'd waste a lot of time on that if you're not planning on being in the industry. I would just recommend books by W...
by Beat The Street
Wed Nov 18, 2015 9:28 pm
Forum: Investing - Theory, News & General
Topic: Cheap Factor Exposure
Replies: 9
Views: 1377

Re: Cheap Factor Exposure

One solution is to use a portfolio of 60% Ishares S&P SmallCap 600 value (IJS), 30% Powershares RAFI 1000 (PRF), and 10% Vanguard Total Stock (VTSAX): Beta: 0.98 Size: 0.52 Value: 0.28 Momentum: 0.07 Annual Alpha: 0.25% Expense Ratio: 0.27% (no advisor fee necessary but there is the cost of the...
by Beat The Street
Wed Nov 18, 2015 7:22 pm
Forum: Investing - Theory, News & General
Topic: Cheap Factor Exposure
Replies: 9
Views: 1377

Re: Cheap Factor Exposure

I understand now, thanks.

AQR's multi style funds seem to incorporate multi factor screens like DFA, but cost a little more.
by Beat The Street
Wed Nov 18, 2015 5:18 pm
Forum: Investing - Theory, News & General
Topic: Cheap Factor Exposure
Replies: 9
Views: 1377

Re: Cheap Factor Exposure

Owning more of a less valuey value fund to get a given factor tilt does expose the portfolio to greater market risk than if one has a more valuey value fund. The less valuey fund may be cheaper, but the portfolio perhaps a bit less efficient: tradeoffs. Dave I backtested using CRSP data and that wa...
by Beat The Street
Wed Nov 18, 2015 4:33 pm
Forum: Investing - Theory, News & General
Topic: Cheap Factor Exposure
Replies: 9
Views: 1377

Cheap Factor Exposure

I'm sure variations of this have been posted before but with the help of Portfolio Visualizer and Excel I wanted to post a couple findings. Let's say you wanted to match factor exposures that a portfolio of 60% Vanguard Total Stock Market Index Adm (VTSAX) and 40% DFA U.S. Small Cap Value gave you. ...
by Beat The Street
Wed Oct 07, 2015 8:54 pm
Forum: Investing - Theory, News & General
Topic: How do Fee Based Advisors and Fund Managers invest THEIR money?
Replies: 29
Views: 4153

Re: How do Fee Based Advisors and Fund Managers invest THEIR money?

I invest in the exact same funds I recommend, in different proportions.
by Beat The Street
Thu Sep 03, 2015 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Loan Officer vs. Financial Advisor
Replies: 21
Views: 3217

Re: Loan Officer vs. Financial Advisor

Convince your bank to start an investment department if they don't have one. They should hire an experienced advisor that you can work with and learn from. Most local banks already do this as a good revenue source, it's a cheap start up and usually market well at the community bank level.
by Beat The Street
Sun Aug 16, 2015 11:57 am
Forum: Investing - Help with Personal Investments
Topic: PowerShares FTSE RAF US 1000
Replies: 1
Views: 204

Re: PowerShares FTSE RAF US 1000

FNDB from Schwab is 0.32%
by Beat The Street
Tue Jul 28, 2015 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help Me Identify 5 Reasons To Get Mother-In-Law Out of A Variable Annuity
Replies: 11
Views: 1403

Re: Please Help Me Identify 5 Reasons To Get Mother-In-Law Out of A Variable Annuity

My 5 simple reasons:

1. You sold me a product that is in your best interests, not mine.
2. I am overpaying for what I am getting and I can get more value for a cheaper price.
3. You arent a real financial advisor.
4. I don't need the potential benefits of a variable annuity.
5. I'm a Boglehead now :D
by Beat The Street
Tue Jul 28, 2015 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help Me Identify 5 Reasons To Get Mother-In-Law Out of A Variable Annuity
Replies: 11
Views: 1403

Re: Please Help Me Identify 5 Reasons To Get Mother-In-Law Out of A Variable Annuity

When does the surrender charge expire? She will take a $7,000+ hit for getting out now. I see she has been in for 3 years, some annuity surrender periods are only 5 years, some are 7 or 10 or even longer. Find out if it makes sense to pay that surrender charge. Another reason to get out, what's the ...
by Beat The Street
Wed Jun 24, 2015 9:27 pm
Forum: Investing - Theory, News & General
Topic: a Look at Neuberger Berman funds, comparing to passive funds
Replies: 7
Views: 1395

Re: a Look at Neuberger Berman funds, comparing to passive funds

One question on a side point in the article... Are the DFA funds really considered passive? I think most people consider them passive because they do not time the market and they follow a rules based methodology to manage their funds. My opinion, along with Cullen Roche, if you deviate from the mar...
by Beat The Street
Thu Jun 04, 2015 8:11 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about becoming a financial adviser...but I need some guidance.
Replies: 37
Views: 5412

Re: I'm thinking about becoming a financial adviser...but I need some guidance.

They get a portion of the revenue from the clients they refer to me. The client fee is the same whether or not they are referred by the bank though. Would that system prevent you from joining NAPFA if you wanted to? I don't know, not a member and not planning on joining. Unless you are really well ...
by Beat The Street
Thu Jun 04, 2015 10:35 am
Forum: Personal Consumer Issues
Topic: I'm thinking about becoming a financial adviser...but I need some guidance.
Replies: 37
Views: 5412

Re: I'm thinking about becoming a financial adviser...but I need some guidance.

Unless you are really well connected it may be of shock to you how hard it is to bring in assets. No doubt you will give better advice than most advisors, but how do you convince the client your advice is better? If you slam the competitors fees or commissions, they will think you are just bashing ...
by Beat The Street
Wed Jun 03, 2015 9:21 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about becoming a financial adviser...but I need some guidance.
Replies: 37
Views: 5412

Re: I'm thinking about becoming a financial adviser...but I need some guidance.

Unless you are really well connected it may be of shock to you how hard it is to bring in assets. No doubt you will give better advice than most advisors, but how do you convince the client your advice is better? If you slam the competitors fees or commissions, they will think you are just bashing t...
by Beat The Street
Sat May 30, 2015 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Mutual Fund Fee's- American Funds 5.75% Load
Replies: 16
Views: 3098

Re: Mutual Fund Fee's- American Funds 5.75% Load

I don't think your calculator is far off. With sales charge included the 10 year return on fundamental investors is 8.77% compared to 8.60% for VTSAX. Doing monthly contributions may show a different story. American Funds are not terrible investments, just loaded funds which is a problem. Their ongo...
by Beat The Street
Tue May 26, 2015 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Credentialed Finanancial Advisors
Replies: 6
Views: 731

Re: Credentialed Finanancial Advisors

The CFP requires a commitment, but is not incredibly difficult. After someone has that, the CLU and ChFC are fairly easy to get. An RIA is not a designation. An individual can be an IAR and it basically means nothing except that they passed the Series 65 exam which is quite easy (I studied one week)...
by Beat The Street
Sun May 24, 2015 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: My In-Laws Have a Financial Advisor
Replies: 7
Views: 2020

Re: My In-Laws Have a Financial Advisor

Do they want your advice? Just curious. Are you ready to have discussions with them if their target retirement fund goes nowhere the next 5-10 years, not predicting that'll happen but you may hurt your relationship if it does. You could help them find a better/cheaper advisor also.
by Beat The Street
Thu May 07, 2015 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Non traded REITs and indexed annuities
Replies: 49
Views: 3642

Re: Non traded REITs and indexed annuities

I don't see much benefit to take the illiquidity risk associated with a non-traded reit. They also use extensive leverage, pay HUGE commissions, are not very transparent, and have a tendency to blowup. Should I go on? A non-traded reit is not a suitable investment for anyone in my opinion. Index ann...
by Beat The Street
Tue May 05, 2015 9:01 am
Forum: Investing - Theory, News & General
Topic: Vanguard Claims Title of World’s Largest Bond Fund
Replies: 20
Views: 3040

Re: Vanguard Claims Title of World’s Largest Bond Fund

It's funny to me though that PTTRX has outperformed VBTLX the last 15 years, 10 years, 5 years, 3 years, 1 year, and YTD.
by Beat The Street
Sun Apr 26, 2015 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Is the 1% Cost of Managing Money Worth It?
Replies: 53
Views: 6931

Re: Is the 1% Cost of Managing Money Worth It?

You're asking a board of DIY investors if 1% is worth it. Most here, rightfully so, cringe at an expense ratio greater than 0.10%.
by Beat The Street
Thu Apr 23, 2015 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: 2 million dollar mistake meeting with MIL's financial guy
Replies: 47
Views: 14932

Re: 2 million dollar mistake meeting with MIL's financial gu

Now you'll just have to ignore the next 500 follow up calls you get from him.
by Beat The Street
Tue Apr 14, 2015 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Regaining control of an investment from an advisor
Replies: 4
Views: 755

Re: Regaining control of an investment from an advisor

If you have a good advisor then they shouldn't be taking orders from you on how to allocate your money (what would you be paying them for then?). Obviously you do not trust this advisor and they are losing money while the market is doing well, it's time to take action. I suspect you may have trouble...
by Beat The Street
Sat Apr 11, 2015 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Indicator of a bad advisor?
Replies: 13
Views: 2111

Re: Indicator of a bad advisor?

You can't buy loaded funds (with sales charges) in a fee based account. The warning sign is she is paying 2% AUM, fire the advisor just for that reason.
by Beat The Street
Sat Apr 11, 2015 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Indicator of a bad advisor?
Replies: 13
Views: 2111

Re: Indicator of a bad advisor?

The CPAs warning may be reasonable but his argument is laughable, don't believe it. If she is paying an AUM fee it is highly unlikely she is also paying commissions for transactions.
by Beat The Street
Fri Apr 03, 2015 1:21 pm
Forum: Investing - Theory, News & General
Topic: Small/Value/Momentum Factor Tilting and Correlations
Replies: 2
Views: 534

Re: Small/Value/Momentum Factor Tilting and Correlations

A 50-50 portfolio of AMOMX and RZV had the following factor loadings from 08/03/2009 through 02/27/2015: Market = 1.10 , Size 0.67, Value 0.16, Momentum = 0.04, and annual alpha of negative 2.38%. A 100% Vanguard Small Cap Index Portfolio (VSMAX) had the following factor loadings from 08/03/2009 thr...
by Beat The Street
Tue Mar 17, 2015 6:24 pm
Forum: Investing - Theory, News & General
Topic: PXSV has changed indexes
Replies: 131
Views: 18332

Re: PXSV has changed indexes

What happened to good old iShares S&P Small-Cap 600 Value IJS? The elephant in the room is that this is another potential reason for DFA it seems to me. They don't mess about on the indexes. IJS and VIOV (same index) are great substitutes for PXSV, not quite as good on value but almost as close...
by Beat The Street
Tue Mar 17, 2015 6:09 pm
Forum: Investing - Theory, News & General
Topic: PXSV has changed indexes
Replies: 131
Views: 18332

Re: PXSV has changed indexes

Here is a cheap portfolio for U.S. allocation with good factor loadings....https://www.portfoliovisualizer.com/fac ... F01%2F2011
by Beat The Street
Sun Mar 15, 2015 9:18 pm
Forum: Investing - Theory, News & General
Topic: Wisdom International Fund with low currency risk
Replies: 2
Views: 376

Re: Wisdom International Fund with low currency risk

Well yeah since it hedges the currency risk and the currency risk showed up it outperformed. What happens if the euro strengthens? The fund will probably underperform. I personally don't hedge currency risk and do not intend to.