Search found 569 matches

by VennData
Sun Mar 17, 2019 2:32 am
Forum: Personal Investments
Topic: Today's 10 year Treasury movement
Replies: 18
Views: 2704

Re: Today's 10 year Treasury movement

stocknoob4111 wrote: Fri Mar 15, 2019 4:32 pm
carol-brennan wrote: Fri Mar 15, 2019 4:08 pm Interesting read:

https://www.thinkadvisor.com/2019/02/16 ... is-coming/
Gary Shilling has been saying deflation since 2012 :oops:

my guess - it's a response to slower growth and a bet that the Fed will start cutting rather than increasing which probably means recession sometime soon. Since recessions are only declared in retrospect we wouldn't know until later.
Gary Shilling has also been saying "deflation" since 1998

https://www.amazon.com/gp/product/09618 ... bl_vppi_i1

Image
by VennData
Sat Mar 16, 2019 4:04 am
Forum: Investing - Theory, News & General
Topic: Rick and Larry on Bloomberg 3/13
Replies: 12
Views: 2442

Re: Rick and Larry on Bloomberg 3/13

Of course, the episode opened with REITs, which Rick Ferri praised due to the '17 tax law, then when Larry Swedroe was interviewed remotely he never mentioned REITS

Classic Boglehead TV :sharebeer

https://www.bloomberg.com/news/videos/2 ... 2019-video
by VennData
Thu Jan 17, 2019 11:24 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 82116

Re: John Bogle has died at age 89

Giving to others. The highest calling. Thanks Jack Bogle.
by VennData
Mon Jan 29, 2018 2:01 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Wall Street to Vanguard: We’re Not Your Doormat [Fidelity charging some plans to hold Vanguard funds]
Replies: 63
Views: 20598

Re: Wall Street to Vanguard: We’re Not Your Doormat

nisiprius wrote: Mon Jan 29, 2018 12:01 pm Yay Wall Street! Go Wall Street!
I almost hit the :!: button thinking Nusiprius's account had been compromised. <jk>
by VennData
Mon Jan 29, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Wall Street to Vanguard: We’re Not Your Doormat [Fidelity charging some plans to hold Vanguard funds]
Replies: 63
Views: 20598

Re: Wall Street to Vanguard: We’re Not Your Doormat

Paul Romano wrote: Sun Jan 28, 2018 2:05 pm As a long time Vanguard investor and supporter I can understand Fidelitys point of view... This is certainly an advantage to Vanguard in that they do not have to provide any customer support for all of these assets.
Vanguard's customer support is excellent
by VennData
Sat Jul 29, 2017 1:40 am
Forum: Investing - Theory, News & General
Topic: Treasury ends myRA program
Replies: 32
Views: 5295

Why demolish Myra?

[Thread merged into here, see below. --admin LadyGeek]

Here's a great idea for a way for the most vulnerable savers to start out and they're getting rid of it? Why?

https://www.nytimes.com/2017/07/28/busi ... obama.html
by VennData
Sat Feb 04, 2017 8:24 am
Forum: Investing - Theory, News & General
Topic: It appears Fiduciary changes may not happen after all.
Replies: 84
Views: 10512

Re: It appears Fiduciary changes may not happen after all.

Brokers cannot be responsible for their client's post-existing conditions.​

http://www.npr.org/2017/02/03/513224023 ... ive-action
by VennData
Sun Mar 08, 2015 8:18 am
Forum: Investing - Theory, News & General
Topic: SIGN PETITION for Jack Bogle's Presidential Medal of Freedon
Replies: 55
Views: 8622

Re: SIGN PETITION for Jack Bogle's Presidential Medal of Fre

TwoByFour wrote:The medal is largely political.
Doesn't have to be. I am sending out links to the site to everyone I know.
by VennData
Thu Feb 05, 2015 9:18 am
Forum: Investing - Theory, News & General
Topic: Bill Gross has a financial adviser.
Replies: 7
Views: 1426

Re: Bill Gross has a financial adviser.

nisiprius wrote:a divorced woman, receiving alimony, with a net worth of $3 million and an income of $300,000 a year...
Off hand do you recall if they had her phone number, or her Tinder handle?
by VennData
Thu Feb 05, 2015 8:45 am
Forum: Investing - Theory, News & General
Topic: 2015 Update on Buffett's Hedge Fund Bet
Replies: 18
Views: 2922

Re: Tortoise is winning - Buffett Bet against hedge funds

jfn111 wrote:It makes you wonder why institutions invest in Hedge Funds?
The highly paid people running the institutions would be quick to have drastic pay cuts, no trips to London, Hawaii, NYC if they did a 70/30 TSM/TBM.

It's about job security in the sense of conning the fiduciary board oversight, who are responsible people who got where they are by luck and don't know the data.
by VennData
Thu Feb 05, 2015 7:43 am
Forum: Investing - Theory, News & General
Topic: Bill Gross has a financial adviser.
Replies: 7
Views: 1426

Bill Gross has a financial adviser.

Bill Gross has a financial adviser.

http://awealthofcommonsense.com/bill-gr ... l-advisor/

Is this good? That steeped in active management all his life, he's so confused that he's unable to manage his own money after a while?

Is it bad? A guy who has certainly seen all the data on indexing insists an going "active" and therefore needs help?

I accept that there are many tax angles a Morgan Stanley can offer a High Net worth Individual. We don't know the portfolio makeup of this Barron's Roundtable member. Maybe MS throws business BG's way? But at the end of the day this is the opposite of eat your own cooking and makes he shiver with delight listening to jack Bogle's advice.
by VennData
Wed Dec 10, 2014 9:12 am
Forum: Investing - Theory, News & General
Topic: Harvey paper says re-balancing adds risk
Replies: 73
Views: 8186

Re: Harvey paper says re-balancing adds risk

Livesoft sums it up nicely; So I will change my IPS re-balance rule from:
Sell in May and stay that way.
To:
Buy when things are here to stay.
in_reality, any thoughts on this subject? I'm trying to get the whole IPS into the form of an easy-to-remember Haiku
Work hard, save today
Buy when things are here to stay
Withdraw four percent
by VennData
Tue Dec 09, 2014 8:07 am
Forum: Investing - Theory, News & General
Topic: Harvey paper says re-balancing adds risk
Replies: 73
Views: 8186

Harvey paper says re-balancing adds risk

I was led to this by another anti-rebalancing article on Marketwatch http://www.marketwatch.com/story/the-hidden-truth-about-rebalancing-your-portfolio-2014-12-09 While a routinely rebalanced portfolio such as a 60-40 equity-bond mix is commonly employed by many investors, most do not understand that the rebalancing strategy adds risk. Rebalancing is similar to starting with a buy and hold portfolio and adding a short straddle (selling both a call and a put option) on the relative value of the portfolio assets. The option-like payoff to rebalancing induces negative convexity by magnifying drawdowns when there are pronounced divergences in asset returns. The expected return from rebalancing is compensation for this extra risk. We show how a ...
by VennData
Sat May 03, 2014 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: An easy way to save money: Avoid the $300,000 car.
Replies: 152
Views: 28718

Re: An easy way to save money: Avoid the $300,000 car.

I avoid a car altogether. Live in a city like Chicago and don't need it, don't miss, in fact don't like them now.
by VennData
Tue Apr 29, 2014 7:11 pm
Forum: Investing - Theory, News & General
Topic: Fama/French Factors: "A Come-to-Buffet Moment" (from M*)
Replies: 74
Views: 9424

Re: Fama/French Factors: "A Come-to-Buffet Moment" (from M*)

nisiprius wrote:The point is, Roth seems to think the outperformance is real but fully explained by taking extra risk.
And extra advisor fees, since everyone is too stupid to use DFA on their own.
by VennData
Thu Apr 24, 2014 10:43 am
Forum: Investing - Theory, News & General
Topic: Lost Decades
Replies: 7
Views: 1831

Re: Lost Decades

Thanks Bob
by VennData
Thu Apr 24, 2014 9:17 am
Forum: Investing - Theory, News & General
Topic: Lost Decades
Replies: 7
Views: 1831

Lost Decades

Where did it go?
The simple message here is that stock markets are volatile. Even in the long-run volatility is still important. These results emphasize that 10-year periods where an equity portfolio loses value in either real or nominal terms should be an event on which investors put some weight when making their investment decisions.
https://gfsi.ey.com/the-journal-of-fina ... -equity_38

The difficulty of rebalancing into a big equity market drop is compounded by the potential length of the drop.

The crafting of your asset allocation must take this eventuality into consideration.
by VennData
Thu Apr 03, 2014 12:53 pm
Forum: Investing - Theory, News & General
Topic: [High-frequency trading hurts regular customers]
Replies: 108
Views: 11626

Re: [High-frequency trading hurts regular customers]

I just don't see what all the fuss is about (other than the Media and Michael Lewis wanting to sell stuff.) While HFT is a broad category with some definite positives, the practice of front running orders and offering immaterial price improvement is something that seems a clear negative for regular customers. This is a very common practice and you see it when your order clears at some tiny fraction of a cent, like $20.0999. What happens is, let's say I enter a limit order to sell at $20.10, and you are happy with that price, and offer to buy at $20.10. Instead of trade occurring at $20.10, an HFT sees your order and slightly improves on my limit order, offering to sell at $20.0999. Essentially, my limit order was just an advertisement for t...
by VennData
Thu Apr 03, 2014 12:36 pm
Forum: Investing - Theory, News & General
Topic: [High-frequency trading hurts regular customers]
Replies: 108
Views: 11626

Re: [High-frequency trading hurts regular customers]

bhsince87 wrote:VennData,

IMO, HFT is designed to exploit limit orders!

By reading the universe of limit orders in real time, they know exactly where to shave fractions of pennies from a trade. One fraction more, or less, and they can trip a whole lot of automatic triggers, and they can exploit that.

That's why I don't use automated limits any more.
So you put in a limit order of $90.10 for a hundred shares of VTI. You get a hundred shares of VTI for 9010.00. Where is the problem again?
by VennData
Mon Mar 31, 2014 9:22 pm
Forum: Investing - Theory, News & General
Topic: [High-frequency trading hurts regular customers]
Replies: 108
Views: 11626

Re: [High-frequency trading hurts regular customers]

Just use limit orders.

Trading is so much cheaper thanks to SEC regs getting rid of the big spreads.

All the fuss is about market orders. Don't use them.
by VennData
Mon Mar 31, 2014 9:19 pm
Forum: Investing - Theory, News & General
Topic: Why is ordered filled at a split penny price point ?
Replies: 15
Views: 1991

Re: Why is ordered filled at a split penny price point ?

When this happens to me, the final price on my statement reverts to the limit order price. So check a couple days later, My final order has NEVER been in an amount smaller than a penny.
by VennData
Wed Mar 12, 2014 7:07 am
Forum: Investing - Theory, News & General
Topic: Blog: Vanguard Personal Advisor Services
Replies: 35
Views: 16438

Re: Blog: Vanguard Personal Advisor Services

Watch for the ad campaign.

Sarahjane, I have never had a question to Vanguard go unanswered. Probably sent over fifty emails and a couple dozen calls over the years. Communication is a Vanguard strength.
by VennData
Wed Mar 12, 2014 6:49 am
Forum: Investing - Theory, News & General
Topic: where did the dividend money go?
Replies: 8
Views: 1662

Re: where did the dividend money go?

TJSI wrote:Since a significant fraction of large companies revenues are now overseas, the resulting income and cash are held there due to the tax burden of moving them to the US.
I wouldn't say burden, the money shuffled through these Dutch/Irish holding companies allow the global corporations to avoid any income taxes.

The world needs to agree to get together to stop this beggar-thy-neighbor nonsense so these entities can pay at least something to contribute to paying their fair share of the gov't debts and lower the tax burden on everyone else.
by VennData
Thu Feb 27, 2014 6:11 pm
Forum: Investing - Theory, News & General
Topic: SEC-head? I may make a change after this...
Replies: 3
Views: 622

SEC-head? I may make a change after this...

We use a new data set obtained via a Freedom of Information Act request to investigate the trading strategies of the employees of the Securities and Exchange Commission (SEC). We find that a hedge portfolio that goes long on SEC employees’ buys and short on SEC employees’ sells earns positive and economically significant abnormal returns of (i) about 4% per year for all securities in general; and (ii) about 8.5% in U.S. common stocks in particular. The abnormal returns stem not from the buys but from the sale of stock ahead of a decline in stock prices. We find that at least some of these SEC employee trading profits are information based, as they tend to divest (i) in the run-up to SEC enforcement actions; and (ii) in the interim period b...
by VennData
Sun Feb 16, 2014 5:39 pm
Forum: Investing - Theory, News & General
Topic: If tax rates have gone way up for you -
Replies: 17
Views: 2482

Re: If tax rates have gone way up for you -

You're married. The thresholds START at $250,000 AFTER deductions.

http://www.irs.gov/uac/Newsroom/Net-Inv ... e-Tax-FAQs

Don't sweat it.
by VennData
Sat Dec 28, 2013 6:36 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads 2014 Hedge fund contest
Replies: 160
Views: 26667

Re: Bogleheads 2014 Hedge fund contest

FUNdamental FUNd

Longs:

LLY - Eli Lilly & Co
PFE - Pfizer

Shorts:

RICK - Rick's Caberet
FOHL - Fredrick's of Hollywood
by VennData
Thu Aug 08, 2013 6:16 pm
Forum: Investing - Theory, News & General
Topic: Article regarding DFA's addition of Profitability screen
Replies: 28
Views: 4069

Re: Article regarding DFA's addition of Profitability screen

LOL, they will use a company's past profitability to predict future profitability... and you will need a fee-based adviser to get access.

Hardee haha. They'll have the suckers lining up for this one. Enjoy those fees flying out the window.
by VennData
Thu Jul 11, 2013 5:35 pm
Forum: Investing - Theory, News & General
Topic: The best investment advice you'll never get
Replies: 11
Views: 3442

The best investment advice you'll never get

Before their IPO, Google brought in Sharpe, Makiel, Bogle...

The Best Investment Advice You'll Never Get
by VennData
Sat Jul 06, 2013 12:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs - diluted tax efficiency?
Replies: 7
Views: 1454

Re: Vanguard ETFs - diluted tax efficiency?

grabiner wrote:This is a problem in theory, but Vanguard has been able to do a good enough job to avoid distributing capital gains on most ETFs.
Agree. I've been very happy with Vanguard ETF distributions. i have not received a single capital gain and I own eight separate Vanguard stock, int'l, bond and REIT ETFs.

So in practice the theoretical objection you hear is like every other one from high-fee advisors trying to compete with Vanguard: a half-baked spin job.
"In theory there is no difference between theory and practice. In practice there is."
- Yogi Berra
by VennData
Fri Jun 21, 2013 7:35 pm
Forum: Investing - Theory, News & General
Topic: Gold continues its free fall
Replies: 34
Views: 6431

Re: Gold continues its free fall

Another post on this subject that's not from a gold bug... that's a lot in a row.

The link was very telling. Look at this demographic:

http://www.gallup.com/poll/149195/ameri ... tment.aspx

Think of all the taxes they'll save.
by VennData
Thu May 30, 2013 10:59 am
Forum: Investing - Theory, News & General
Topic: CNBC ratings prove investors still just don't care.
Replies: 14
Views: 1564

CNBC ratings prove investors still just don't care.

http://slant.investorplace.com/2013/05/ ... dont-care/

Oh, they care alright. They are learning, even if it's been a trial by fire for many. It's...

"Buy, Hold and Re-balance low cost index funds" versus "Mouth breathing TV viewing leading to picking what's hot, the show's talking head's book talking, the CEO-marketed buy-our-stock"

​It looks like the trends in America h​ere are clear.
by VennData
Sat May 18, 2013 3:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Mobile "Portfolio Analysis" is awful
Replies: 6
Views: 1245

Re: Vanguard Mobile "Portfolio Analysis" is awful

Whether its one percent, five or fifty. It's not useful.

Even the bottom one percent should be able to at least see it all on one page. The idea that this will help make someone a decision by burying the Large/Mid/Small in a scond page is unfathomable.

Any level of granularity on domestic international is critical when you look at your current income streams and decide how to design an IPS for your AA won't work this way.

If you want to be provided with a easy way to re-balance which everyone wants for the spouse children etc to make it easy for them, what does this do? You have to take extra steps to solve the re-balancing riddle. This was made by IT, not users.
by VennData
Sat May 18, 2013 3:30 pm
Forum: Investing - Theory, News & General
Topic: WSJ discussion on retirement [Self-directed IRA]
Replies: 3
Views: 3641

WSJ discussion on retirement [Self-directed IRA]

Forget your 401(k) plan. The big money today is building nest eggs on everything from show horses to rock bands
http://online.wsj.com/article/SB1000142 ... 17620.html

This paper has not got its reader's best interest at heart. I just don't think they are a credible source.
by VennData
Sat May 18, 2013 9:59 am
Forum: Investing - Theory, News & General
Topic: Vanguard Mobile "Portfolio Analysis" is awful
Replies: 6
Views: 1245

Vanguard Mobile "Portfolio Analysis" is awful

You can only set some broad stocks bonds allocation. you can't see the detail on one screen, no room for REITS or any specialized allocations.

This thing is terrible.

I've got a Google docs spread sheet that gives me everything plus detailed tax situations, when sales go long term, growth of portfolio by asset type and on and on and have had this for years.

Why don't they listen to people who want the ability to set their own detailed targets, slice and dice etc and take years to come up with a sloppy version of their regular Web site's pie chart?
by VennData
Wed May 08, 2013 8:37 am
Forum: Investing - Theory, News & General
Topic: Now's the time to buy bonds - Gundlach
Replies: 15
Views: 4304

Re: Now's the time to buy bonds - Gundlach

So this guy that sells bonds wants you to buy bonds.

And he sells actively managed bond funds so he doesn't want you in bond index funds.

Sounds to me as if he's talking his book.
by VennData
Mon Apr 15, 2013 4:51 pm
Forum: Investing - Theory, News & General
Topic: timely blog post--dont' get too excited by the market
Replies: 7
Views: 1602

Re: timely blog post--dont' get too excited by the market

Some folks have been very, very excited about gold the last few years.
by VennData
Sun Mar 03, 2013 10:48 am
Forum: Investing - Theory, News & General
Topic: VG International Bond Index Fund
Replies: 24
Views: 2738

Re: VG International Bond Index Fund

Almost there wrote:I truly prefer not to hold any international funds and this is just adding more international funds to my holdings. Almost there
The funds are dollar-based. They use options to not give you exposure to the foreign currencies since that is what the back testing shows is the way to add this portfolio diversifier.

It's irrational to not want a portfolio diversifier. Why don't you want the most diversified portfolio?
by VennData
Mon Jan 21, 2013 11:31 am
Forum: Investing - Theory, News & General
Topic: Update: The Incredible Shrinking Market
Replies: 87
Views: 12950

Re: Update: The Incredible Shrinking Market

Rick Ferri wrote:Also, the government has not helped by significantly increasing the regulatory burden on public companies over the past decade.
Quite possibly, the government has helped, since maybe those companies should not have been public in the first place. You cannot say either way.
Rick Ferri wrote:Investors are wise to hold international equities just for the company diversification alone.
You should have half of your AA outside of the US.

However, those gov'ts have their own rules and regulations which are changing and will change. And instead of tossing in partisan blather, you might want to be balanced: Consider that each nation has a different collection of these laws, without having a complete analysis, you cannot comment on the subject. Period.
by VennData
Mon Jan 21, 2013 11:23 am
Forum: Investing - Theory, News & General
Topic: Expanded view of Asset Allocation
Replies: 47
Views: 3753

Re: Expanded view of Asset Allocation

I was a young investor, then I read your post. I finished reading your post and now I am an old investor and am glad I followed the Boglehead methodology.
by VennData
Wed Jan 02, 2013 9:39 pm
Forum: Investing - Theory, News & General
Topic: Interesting Fox Business article... [Rebalancing]
Replies: 13
Views: 2554

Re: Interesting Fox Business article... [Rebalancing]

Fox investing News. How much were they paid?

Absolutely ridiculous.
by VennData
Thu Dec 27, 2012 2:24 pm
Forum: Investing - Theory, News & General
Topic: Support Yacht
Replies: 2
Views: 763

Support Yacht

"...Sometimes even a megayacht isn't big enough... So to solve the problem of not enough space, wealthy sailors are investing in so-called support yachts to ferry around their personal helicopters, speedboats, sports cars and all the other assorted toys that go into a season in the Mediterranean's hottest marinas... Yacht-maker Amels has launched a new version of its support yacht -- the 220-foot-long Sea Axe...”
Wait wait don't tell me. Brokers, right? Am i right?

Anyone out there have a broker with a support yacht, too?

http://www.bankrate.com/financing/wealt ... elicopter/
by VennData
Thu Dec 27, 2012 2:17 pm
Forum: Investing - Theory, News & General
Topic: Finally, this year will be the stock picker's year
Replies: 1
Views: 560

Finally, this year will be the stock picker's year

Here's a funny one, please, lets see some more. Note that the pair-wise correlations of all S&P 500 stock combinations has fallen to 30%, down from a high of 70% in 2011. This indicates that we are close to being in a differentiated/stock picker’s market. ROFL! And then, this self-admonishing one, with the same conclusion!! ...it really is a stock-pickers’ market. It’s a phrase I don’t like because it is overused by guys on TV who want to sell you there stock-picking services. Somewhat fitting I guess that just as everyone scrambles to go macro, stock picking seems to be working. On what basis do I say this? Look at the index of implied correlation of the elements of the S&P http://www.businessinsider.com/is-the-age-of-macro-finally...