Search found 549 matches

by Dead Man Walking
Thu Jan 18, 2018 5:03 am
Forum: Investing - Theory, News & General
Topic: Was 2017 a unique year for the stock market?
Replies: 11
Views: 1921

Re: Was 2017 a unique year for the stock market?

Yes, it was a unique year. There's been a total lack of volatility in the market since Nov. 2016. We haven't had even a 3% drop in the S&P 500 since Nov. 2016, 13.5 months now. The previous record for "no 3% drop" was Jan. 1995-Jan. 1996, 12 months, which of course was followed by several strong ye...
by Dead Man Walking
Tue Jan 16, 2018 11:28 pm
Forum: Investing - Theory, News & General
Topic: Was 2017 a unique year for the stock market?
Replies: 11
Views: 1921

Re: Was 2017 a unique year for the stock market?

No, 10% intrayear declines are common but don't happen every year. IIRC maybe there was some kind of statistic such as there being about X 10%+ drawdowns in the last X years for the US market, or some other figure where the two are similar, coming around to about 1 on average a year. But that's bec...
by Dead Man Walking
Tue Jan 16, 2018 11:24 pm
Forum: Investing - Theory, News & General
Topic: Was 2017 a unique year for the stock market?
Replies: 11
Views: 1921

Re: Was 2017 a unique year for the stock market?

Peculiar_Investor wrote:
Tue Jan 16, 2018 7:38 pm
Which stock market? There are Bogleheads here from many different countries.
How about Canada? Israel? Great Britain? Vietnam?
by Dead Man Walking
Tue Jan 16, 2018 7:29 pm
Forum: Investing - Theory, News & General
Topic: Was 2017 a unique year for the stock market?
Replies: 11
Views: 1921

Was 2017 a unique year for the stock market?

On the local news, a finance professor stated that 2017 was the first year that the stock market did not experience a 10% correction. Is that correct?

DMW
by Dead Man Walking
Tue Jan 16, 2018 2:09 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting Vs Savings Rate
Replies: 65
Views: 4324

Re: Budgeting Vs Savings Rate

We've never had a budget other than knowing when things like taxes and insurance premiums would be due. I think an important aspect of budgeting is smart spending. An intelligent consumer buys things when they can get the best deal. Consumer Reports and others publish the best times to purchase most...
by Dead Man Walking
Sun Jan 14, 2018 11:56 pm
Forum: Personal Consumer Issues
Topic: Are land line phones still being supported?
Replies: 60
Views: 3621

Re: Are land line phones still being supported?

I live in a rural area that has poor cellphone service. Consequently, I kept my land line telephone until last year. Verizon sold their land lines to Frontier Communications in my area. Frontier Communications is the worst service company that I have ever dealt with. My service had so much static th...
by Dead Man Walking
Sun Jan 14, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: How long do you save tax returns?
Replies: 39
Views: 3158

Re: How long do you save tax returns?

Check out the requirements at irs.gov and your state's tax site.
by Dead Man Walking
Sat Jan 13, 2018 5:10 am
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 103
Views: 10219

Re: Small cap value vs. total market?

Saltycaper, Thanks for responding. I've compared the performance of small cap funds using 15 year returns provided by Morningstar for several years. The difference between value, growth, and blend funds is usually around 1%. The difference usually depends on what segment of the market has been in fa...
by Dead Man Walking
Sat Jan 13, 2018 3:33 am
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4684

Re: why do banks bother offering lousy CD rates?

We bank at Chase. My wife doesn't do internet banking; consequently, we don't have internet banking accounts. However, we have accounts with local b & m banks that offer rates slightly lower than internet banks. When I write checks for deposits in these banks that are $10,000 or over, we receive a c...
by Dead Man Walking
Sat Jan 13, 2018 3:00 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 88
Views: 10829

Re: IRS announces new withholding tables for 2018

I plan to use the new charts to calculate my taxes for 2018 after I receive my February pension check. I plan to calculate my taxes so that I owe a small amount. If someone files a fraudulent tax return and receives a refund using my identity, that would be an IRS problem. This scenario would probab...
by Dead Man Walking
Sat Jan 13, 2018 2:34 am
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 103
Views: 10219

Re: Small cap value vs. total market?

Will someone please show me performance statistics that show that retail small cap value mutual funds have outperformed retail small cap blend mutual funds over periods of time more than 15 years. I tilt toward small caps, but don't buy the small cap value argument. I think that the key is small ca...
by Dead Man Walking
Sat Jan 13, 2018 1:26 am
Forum: Investing - Theory, News & General
Topic: Skating where the puck was; e.g., commodities. Factors next?
Replies: 35
Views: 2436

Re: Skating where the puck was; e.g., commodities. Factors next?

It's been my experience that academics provide entertaining research and theories about many aspects of the human condition; however, some of their work doesn't really apply to the real world human experience. Investing is not an exception to this observation.

DMW
by Dead Man Walking
Thu Jan 11, 2018 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: An economist dismisses the idea of dollar cost averaging
Replies: 71
Views: 5330

Re: An economist dismisses the idea of dollar cost averaging

When I quoted Thesaints, I may have misunderstood the phrase "cost averaging." My interpretation is probably closer to periodic investing than the dollar cost averaging many have defined in this thread. When I rebalance, I have often done it by gradually selling one asset class to buy another. In th...
by Dead Man Walking
Tue Jan 09, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: An economist dismisses the idea of dollar cost averaging
Replies: 71
Views: 5330

Re: An economist dismisses the idea of dollar cost averaging

The one true, incontrovertible, fact is that cost averaging reduces the volatility of returns, and in particular eliminates extreme tails of the distribution. This at the price of a reduction in the expected return. Many detractors focus only on the second aspect and in doing that they are wrong. +1
by Dead Man Walking
Sat Jan 06, 2018 2:50 am
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 103
Views: 10219

Re: Small cap value vs. total market?

Will someone please show me performance statistics that show that retail small cap value mutual funds have outperformed retail small cap blend mutual funds over periods of time more than 15 years. I tilt toward small caps, but don't buy the small cap value argument. I think that the key is small ca...
by Dead Man Walking
Sat Jan 06, 2018 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Downsizing to one car in retirement...
Replies: 68
Views: 3985

Re: Downsizing to one car in retirement...

Wife and I are both retired. We downsized from 3 cars to 2 cars this year. We live in a rural area; consequently, one of us would be trapped at home if the other had the car. The disadvantage of downsizing from 3 to 2 cars is that when one car is in the shop for service, we have to plan for having o...
by Dead Man Walking
Fri Jan 05, 2018 10:49 pm
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 103
Views: 10219

Re: Small cap value vs. total market?

Will someone please show me performance statistics that show that retail small cap value mutual funds have outperformed retail small cap blend mutual funds over periods of time more than 15 years. I tilt toward small caps, but don't buy the small cap value argument. I think that the key is small cap...
by Dead Man Walking
Thu Jan 04, 2018 11:14 pm
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 25
Views: 3361

Re: Why Edward Jones?

After reading this thread, I googled to locate investment advisors in my area. I was amazed by the number of Edward Jones advisors that were available in the rural area in which I live. Nearly every small town has one, and a city of 16,000 nearby has 3 of them. There is a Raymond James advisor and a...
by Dead Man Walking
Thu Jan 04, 2018 6:50 pm
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 25
Views: 3361

Re: Why Edward Jones?

I looked for a fee only advisor using the DFA website. Most had minimum requirements between $250,000 and $1,000,000. EJ will get an account started with $250. That's one reason why EJ is popular. The EJ advisor that I know steers clients to American Funds. There are worse funds.

DMW
by Dead Man Walking
Thu Jan 04, 2018 6:12 pm
Forum: Investing - Theory, News & General
Topic: "VB Account Agreement"--Checkwriting? No written orders? What IS this really about?
Replies: 16
Views: 1370

Re: "VB Account Agreement"--is checkwriting on death row? What IS this really about?

I have not changed from a mutual fund account to a brokerage account; however, I have had problems with the checking account for my Vanguard Prime Money Market Fund. Last year, I received a message from Vanguard stating that my checking account would be closed by the end of October unless I complete...
by Dead Man Walking
Mon Jan 01, 2018 12:48 am
Forum: Investing - Theory, News & General
Topic: Savings Bond Wizard to be eliminated 5/18
Replies: 42
Views: 4132

Savings Bond Wizard to be eliminated 5/18

I calculated the value of my savings bonds 12/31/17 and noticed that Treasury Direct is eliminating the Savings Bond Wizard as of 5/18. The savings bond calculator will have to be used after that date. I have always used the calculator, so it didn't affect me. This is just a heads up to wizard users...
by Dead Man Walking
Mon Jan 01, 2018 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Is it true index funds are over-weighted in tech?
Replies: 15
Views: 1097

Re: Is it true index funds are over-weighted in tech?

I'd guess that most active funds are tech heavy, especially growth funds.

DMW
by Dead Man Walking
Sun Dec 31, 2017 10:05 pm
Forum: Investing - Theory, News & General
Topic: Alternative Investments
Replies: 29
Views: 2063

Re: Alternative Investments

No one mentioned bitcoins.
by Dead Man Walking
Sat Dec 30, 2017 12:14 am
Forum: Personal Consumer Issues
Topic: Stoics View on Debt
Replies: 33
Views: 3284

Re: Stoics View on Debt

OP, I am against anything that is dogmatic. If any debt is bad, I guess nobody should take a loan and start a business. Or, most businesses should get out of business. Debt is like any other tools. Just because some folks do not use it wisely, it does not make it a bad tool. KlangFool I had an oppo...
by Dead Man Walking
Fri Dec 29, 2017 3:33 am
Forum: Personal Finance (Not Investing)
Topic: Keeping a checkbook register
Replies: 95
Views: 5743

Re: Keeping a checkbook register

I keep the checkbook register that comes with the checks. My wife writes checks for her accounts because she isn't comfortable with internet banking. We write checks for all medical expenses (which are considerable), and I use a highlighter to distinguish them from other expenses since I itemize the...
by Dead Man Walking
Fri Dec 29, 2017 2:40 am
Forum: Personal Finance (Not Investing)
Topic: gift cards - caveats
Replies: 41
Views: 1936

Re: gift cards - caveats

My wife buys gift cards at the local grocery store when they offer double points on their rewards program. She usually buys cards for restaurants that we frequent. Sometimes they are a pita to use because the strip doesn't work or because the waitress doesn't know how to use them. She also buys them...
by Dead Man Walking
Wed Dec 27, 2017 5:38 am
Forum: Personal Consumer Issues
Topic: manual car for new teen driver
Replies: 143
Views: 6480

Re: manual car for new teen driver

When my son was 16, we owned 4 vehicles. 3 of them had manual transmissions - a 10 year-old Honda Accord, a 14 year-old Chevy S-10 pickup, and a 3 year-old Miata. Since he was not permitted to drive his mother's 4 year-old Accord automatic, he had to learn to drive a manual transmission. I forced hi...
by Dead Man Walking
Wed Dec 27, 2017 3:11 am
Forum: Personal Consumer Issues
Topic: Honda CRV All Wheel Drive VS Front Wheel, Which One?
Replies: 88
Views: 6917

Re: Honda CRV All Wheel Drive VS Front Wheel, Which One?

Automatic AWD system is the newest kid on the block. PR agency generated names like "Real Time 4WD", "intelligent AWD" or "active AWD" are hiding the fact that automatic AWD is essentially a sophisticated 2WD system. Automatic AWD is NOT powering all 4 wheels all the time. Only on rare occasions al...
by Dead Man Walking
Wed Dec 27, 2017 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 260
Views: 19996

Re: Do you see a meaningful change in your income with new Tax Bill?

Since we use the standard deduction, we should see some savings. We currently claim zero dependents and have additional money deducted for federal taxes each month in order to avoid paying taxes at the end of the year. We plan to adjust our W-4s to zero dependents and eliminate the additional paymen...
by Dead Man Walking
Wed Dec 27, 2017 12:30 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 3809

Re: Miata as second car

You should be able to find a used Miata that has low mileage and has been babied by its owner. Miatas are cult cars that are often well maintained and driven on sunny days. I have owned two of them. I drove them like a sports car, but treated them better than some folks treat their children. Be sure...
by Dead Man Walking
Tue Dec 26, 2017 10:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 153
Views: 24564

Re: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)

If you haven't looked at ally in a while, they now allow you to close a cd online before maturity, and it seems that the funds are available immediately. The 11 month has no penalty for early withdrawal. But of course you can't make autopayments from it or write checks from it, so it's not really a...
by Dead Man Walking
Tue Dec 26, 2017 10:29 pm
Forum: Investing - Theory, News & General
Topic: Any Target Date Funds better than Vanguard?
Replies: 46
Views: 4597

Re: Any Target Date Funds better than Vanguard?

I'm not sure that any target date funds are better or worse than Vanguard's. What bothers me about these funds is that whoever provides them can change the asset allocation when they determine a different allocation will be better for the investor. What would you suggest a company do when they dete...
by Dead Man Walking
Mon Dec 25, 2017 10:19 pm
Forum: Investing - Theory, News & General
Topic: What ever happened to the Larry portfolio?
Replies: 114
Views: 10505

Re: What ever happened to the Larry portfolio?

Just wondering if Larry Swedroe is still recommending the 25% SCV + 75% Bonds portfolio allocation or has moved away from it. What "bonds" fill the role best nowadays? It would seem that one of the reasons the Larry portfolio did well was the exposure to term risk with 75% in bonds. However, with i...
by Dead Man Walking
Mon Dec 25, 2017 9:35 pm
Forum: Investing - Theory, News & General
Topic: International Investing without knowing governance/accounting details
Replies: 8
Views: 645

Re: International Investing without knowing governance/accounting details

I don’t think it’s a problem at all. The market is smarter than we are, and any increased risk associated with lower accounting standards or less governance should be accounted for in prices. If foreign equities are more risky, prices should be relatively depressed and future expected returns great...
by Dead Man Walking
Sun Dec 24, 2017 4:00 am
Forum: Investing - Theory, News & General
Topic: Geometric Average vs. Arithmetic Average
Replies: 92
Views: 4836

Re: Geometric Average vs. Arithmetic Average

Call me crazy, but I think the important calculation of total return is the cumulative return. These averages may help investors choose funds or asset allocation, which may or may not be a good thing.

DMW
by Dead Man Walking
Sun Dec 24, 2017 3:37 am
Forum: Investing - Theory, News & General
Topic: Tax bill effects on investments
Replies: 11
Views: 1560

Re: Tax bill effects on investments

I've read that it will take at least 3 months for the tax lawyers at the best firms to decipher the ramifications of the tax bill. I'm waiting for their interpretation of the new law. I doubt that I will be affected in a significant way, but I can hope for the best.

DMW
by Dead Man Walking
Sun Dec 24, 2017 3:25 am
Forum: Investing - Theory, News & General
Topic: Any Target Date Funds better than Vanguard?
Replies: 46
Views: 4597

Re: Any Target Date Funds better than Vanguard?

I'm not sure that any target date funds are better or worse than Vanguard's. What bothers me about these funds is that whoever provides them can change the asset allocation when they determine a different allocation will be better for the investor. For example, are international bonds advantageous? ...
by Dead Man Walking
Tue Dec 19, 2017 5:21 pm
Forum: Personal Consumer Issues
Topic: Cheap tablet just for internet surfing
Replies: 46
Views: 4783

Re: Cheap tablet just for internet surfing

I'm in my seventies and use a Kindle Fire 8" daily to read email and surf the internet. One feature that I use with websites is the reader mode reading view which is accessed using an icon that looks like an open book in the upper right corner of the screen. Not all websites are available with this ...
by Dead Man Walking
Sun Dec 17, 2017 1:32 am
Forum: Personal Consumer Issues
Topic: Ancestry / 23andMe
Replies: 79
Views: 6207

Re: Ancestry / 23andMe

I purchased 4 kits from Ancestry DNA for Chistmas gifts for my family just for the fun of determining our ancestry. Fortunately, I have an accurate record of my ancestors in the USA. My ancestors prior to emigration to the USA are vague. I'm curious about those roots prior to the 1700's. My tests ar...
by Dead Man Walking
Sat Dec 16, 2017 11:34 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 151
Views: 8980

Re: How much do you spend on food per month, per person?

Been married for 46 years. Never have had a budget period, let alone one for food. Common sense has served us well.

DMW
by Dead Man Walking
Sat Dec 16, 2017 9:36 pm
Forum: Investing - Theory, News & General
Topic: The Pros and Cons of Target-Date Funds vs 3 Fund: LifeCycle Investing
Replies: 32
Views: 3977

Re: The Pros and Cons of Target-Date Funds vs 3 Fund: LifeCycle Investing

There's nothing wrong with target date funds during accumulation. In retirement, however, when one might be drawing down accounts, I'd rather have the flexibility of separate fund accounts so that in a down market one could liquidate fixed income funds and in an up market equity funds. I agree with...
by Dead Man Walking
Wed Dec 13, 2017 9:37 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Don’t Write Off Value
Replies: 20
Views: 2776

Re: Larry Swedroe: Don’t Write Off Value

It's been a rough decade for SCV, but I agree with Larry and Random Walker that at some point, impossible to say when, it will shine again. Persistent long term underperformance makes things cheaper and therefore it may actually improve the expectation (but not guarantee) of improved long term retu...
by Dead Man Walking
Wed Dec 13, 2017 1:08 am
Forum: Investing - Theory, News & General
Topic: Vanguard Investment Advice
Replies: 34
Views: 4094

Re: Vanguard Investment Advice

I have no faith in the "experts" at Vanguard let alone any advisors they employ. I simply appreciate that they provide many low cost mutual funds. Their choice of indices and asset allocation for many of their balanced funds is suspect. Caveat emptor applies to Vanguard as well as any purchase a con...
by Dead Man Walking
Wed Dec 13, 2017 12:02 am
Forum: Investing - Theory, News & General
Topic: List of Equivalent Fidelity vs Vanguard Funds
Replies: 5
Views: 1314

Re: List of Equivalent Fidelity vs Vanguard Funds

Good question. I don't think I can answer it completely myself, here's an earlier thread: An index isn't an index isn't an index... (Jan 17, 2017) Thanks for the link. However, I am embarrassed by the fact that I actually posted a comment on that post! Senility may be setting in. The difference amo...
by Dead Man Walking
Tue Dec 12, 2017 2:28 am
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 103
Views: 10219

Re: Small cap value vs. total market?

I've posted 15 year performance statistics for small cap funds before. Larry Swedroe has responded to my posts which point out that DFSVX has been outperformed by blend funds over the 15 year periods that I have tracked at Morningstar. I've pointed out that DFSVX hasn't performed as well as VTSMX (V...
by Dead Man Walking
Mon Dec 11, 2017 10:50 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Don’t Write Off Value
Replies: 20
Views: 2776

Re: Larry Swedroe: Don’t Write Off Value

It's been a rough decade for SCV, but I agree with Larry and Random Walker that at some point, impossible to say when, it will shine again. Persistent long term underperformance makes things cheaper and therefore it may actually improve the expectation (but not guarantee) of improved long term retu...
by Dead Man Walking
Mon Dec 11, 2017 10:37 pm
Forum: Investing - Theory, News & General
Topic: List of Equivalent Fidelity vs Vanguard Funds
Replies: 5
Views: 1314

Re: List of Equivalent Fidelity vs Vanguard Funds

Are there significant differences between the indices tracked by the Vanguard funds and those tracked the Fidelity funds?

DMW
by Dead Man Walking
Mon Dec 11, 2017 12:42 am
Forum: Investing - Theory, News & General
Topic: Is Santa Claus Coming To Town?
Replies: 9
Views: 1656

Re: Is Santa Claus Coming To Town?

As long as the Congress keeps promising a tax cut, the optimism for the markets will continue. When the tax bill passes, it may take months for the tax lawyers and accountants to determine the affect it will have on businesses and individuals. Better bake some cookies for Santa. Merry Christmas!

DMW
by Dead Man Walking
Sat Dec 09, 2017 12:17 am
Forum: Investing - Theory, News & General
Topic: Vanguard's International Growth / Value / Explorer funds
Replies: 4
Views: 724

Re: Vanguard's International Growth / Value / Explorer funds

I rebalanced recently and added to my international allocation. I chose to add International Explorer Fund and FTSE All-World ex-US small cap index in equal proportion. To date Explorer has outperformed the index by a small amount. I tilt toward small caps, so my portfolio may vary from typical Bogl...
by Dead Man Walking
Fri Dec 08, 2017 12:06 am
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 242
Views: 15645

Re: Do people still use AAA?

I'm curious about the lack of spare tires in new vehicles. What do you do when a tire is shredded? Recently, my wife had a tire shredded by some debris that fell from a passing truck. If she didn't have a spare tire, she would have to be towed. We have AAA, and they changed the tire. We have a basic...