Search found 516 matches

by SpaceCommander
Sat Feb 09, 2019 1:36 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 364052

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

It's easy to be a critic when someone tries something innovative.

If it works, the reply is either: 1. He took too much risk, or 2. He got lucky.
If it fails, the reply is: See. We told you so.

Either way, the critic is justified and the innovator can't win. :oops:
by SpaceCommander
Wed Jan 30, 2019 6:32 am
Forum: Personal Investments
Topic: Finally thinking about making the switch from Vanguard to Fidelity
Replies: 50
Views: 8299

Re: Finally thinking about making the switch from Vanguard to Fidelity

Funny you should mention it: I have an appointment today at my local Fidelity office. After 20 years at Vanguard, I'm moving everything to Fidelity. A couple of reasons: 1. Vanguard is no longer the low cost leader. 2. Customer service has been disappointing in recent years 3. The straw that broke t...
by SpaceCommander
Thu Nov 15, 2018 9:37 pm
Forum: Personal Investments
Topic: Muscular Portfolios Questions
Replies: 20
Views: 5046

Re: Muscular Portfolios Questions

So I read the book. Basically it's tactical asset allocation based on relative strength. Hold top three out of thirteen etfs. Rebalance monthly. This kind of approach has been discussed on this forum before. If it's such a simple method, then why 400+ pages? There's actually a lot more to the book t...
by SpaceCommander
Sun Oct 21, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Put more than 20% down on a house?
Replies: 33
Views: 3973

Re: Put more than 20% down on a house?

Personally, I'm a big fan of the 100% down plan. If you have the means, I highly recommended it.
by SpaceCommander
Wed Jul 04, 2018 9:03 pm
Forum: Personal Consumer Issues
Topic: Keto Diet
Replies: 16
Views: 2106

Re: Keto Diet

I've been on the keto diet for a month and I've lost ten pounds and feel great. The people who say keto is "dangerous" have usually confused the ketogenic diet with ketoacidosis, which can only occur if your blood ketone levels go above 7mmol/l while having very high blood sugar (i.e., you would ne...
by SpaceCommander
Wed Jul 04, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: Keto Diet
Replies: 16
Views: 2106

Re: Keto Diet

I would recommend checking out Nutritionfacts.org for guidance on the latest diet trends. There's a good deal of unbiased info there on keto. Search "low carb". Also check out the physician's committee for responsible medicine, pcrm.org. Search "low carb". Peer reviewed scientific studies not funded...
by SpaceCommander
Mon May 08, 2017 4:52 pm
Forum: Personal Investments
Topic: Does Magic Formula works or ever worked for you?
Replies: 39
Views: 15581

Re: Does Magic Formula works or ever worked for you?

Marsh Gerda has been applying the Magic Formula in real time and posting his results in public for years. His MFI Select portfolios have shown strong outperformance. His strict Magic Formula "buy 50 and hold for a year" portfolios have consistently trailed. http://justadrone.blogspot.com/ Which Mag...
by SpaceCommander
Sun May 07, 2017 4:17 pm
Forum: Personal Investments
Topic: Does Magic Formula works or ever worked for you?
Replies: 39
Views: 15581

Re: Does Magic Formula works or ever worked for you?

Marsh Gerda has been applying the Magic Formula in real time and posting his results in public for years. His MFI Select portfolios have shown strong outperformance. His strict Magic Formula "buy 50 and hold for a year" portfolios have consistently trailed. http://justadrone.blogspot.com/ Which Mag...
by SpaceCommander
Sun May 07, 2017 7:37 am
Forum: Personal Investments
Topic: Does Magic Formula works or ever worked for you?
Replies: 39
Views: 15581

Re: Does Magic Formula works or ever worked for you?

Marsh Gerda has been applying the Magic Formula in real time and posting his results in public for years. His MFI Select portfolios have shown strong outperformance. His strict Magic Formula "buy 50 and hold for a year" portfolios have consistently trailed.

http://justadrone.blogspot.com/
by SpaceCommander
Tue Aug 23, 2016 7:44 am
Forum: Personal Finance (Not Investing)
Topic: What's worth more?
Replies: 28
Views: 3935

Re: What's worth more?

JoMoney wrote:In this hypothetical, how old am I, and how soon can I start withdrawing the Federal pension?
To keep it apples to apples, say you're beginning retirement and can start drawing the pension immediately.
by SpaceCommander
Mon Aug 22, 2016 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: What's worth more?
Replies: 28
Views: 3935

Re: What's worth more?

Just interested in the prevailing opinion among the Personal Finance wizards on this board: What's more valuable? 1. $1,000,000.00 in a retirement account? or 2. A joint life 2-person inflation-adjusted Federal pension paying $40,000.00/year Which would you prefer? SpaceCommander: You can get a qui...
by SpaceCommander
Mon Aug 22, 2016 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: What's worth more?
Replies: 28
Views: 3935

What's worth more?

Just interested in the prevailing opinion among the Personal Finance wizards on this board:

What's more valuable?

1. $1,000,000.00 in a retirement account?

or

2. A joint life 2-person inflation-adjusted Federal pension paying $40,000.00/year

Which would you prefer?
by SpaceCommander
Sun Jul 03, 2016 5:32 pm
Forum: Personal Investments
Topic: Living off dividends/interest in retiremeht
Replies: 60
Views: 11790

Re: Living off dividends/interest in retiremeht

A wise man once said, "In theory there's no difference between theory and practice, but in practice there is." IMHO, what many are missing here is the most important aspect of investing: the behavioral piece. What's it worth to know that know matter what, come hell or high water, you never have to s...
by SpaceCommander
Fri Mar 18, 2016 9:36 pm
Forum: Personal Investments
Topic: Living off dividend income
Replies: 44
Views: 14629

Re: Living off dividend income

I'm not sure this is the best forum to discuss income investing. I think Bogleheads often have one tool in their toolbox. It's a hammer. It doesn't matter what the individual circumstances are: the solution is to use the hammer. When used appropriately a hammer is an excellent tool. But sometimes th...
by SpaceCommander
Mon Jan 04, 2016 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Job Prospects for English Majors?
Replies: 73
Views: 11694

Re: Job Prospects for English Majors?

She might qualify for an officer's commission in the military. If she's even remotely interested, she can take a military science course or two as an elective and see if she wants to apply for Officer Candidate School upon graduation. With any luck, an English major could even become a real Major! :D
by SpaceCommander
Wed Nov 11, 2015 9:11 am
Forum: Personal Consumer Issues
Topic: Cord cutters: Sling TV vs USTV
Replies: 7
Views: 2010

Re: Cord cutters: Sling TV vs USTV

We have Sling with a 100/100 internet connection and we have a running joke about not switching to it until 15 minutes before the show we want to watch starts. Reason 1 - it sometimes takes 10 or so minutes from start to finish to actually get it up and running on the correct channel. For ex., swit...
by SpaceCommander
Wed Oct 14, 2015 3:33 pm
Forum: Investing - Theory, News & General
Topic: We miss Larry Swedroe
Replies: 38
Views: 13033

Re: We miss Larry Swedroe

I'll be the outlier here: Larry is a big part of the reason I don't visit this board so much anymore. Frankly, his style isn't endearing to some. FWIW.
by SpaceCommander
Fri Oct 09, 2015 8:03 pm
Forum: Personal Investments
Topic: Warren Buffett 90/10 Portfolio
Replies: 69
Views: 15902

Re: Warren Buffett 90/10 Portfolio

I would add that Buffett recommends index funds for "those who don't know what they're doing." The reason he thinks most people should index is because most people (99%) don't know what they're doing . This is the same guy who has said that someone who does indeed know what he/she is doing could be ...
by SpaceCommander
Wed Aug 05, 2015 9:48 pm
Forum: Investing - Theory, News & General
Topic: The folly of the dividend yield
Replies: 73
Views: 8121

Re: The folly of the dividend yield

I agree with someone above who laments the "anti-dividend" rhetoric is wearisome. I don't hear Bogle trashing dividends. Somehow the "Boglehead" board morphed into the "Swedroe et. al." board at some point. I think that's why I don't visit here as often as I used to. Reasoning with those types is li...
by SpaceCommander
Mon Jun 15, 2015 6:38 am
Forum: Personal Investments
Topic: Clean investing in a single stock
Replies: 66
Views: 11079

Re: Clean investing in a single stock

This kind of foolhardy speculation is like running through a dynamite factory with a burning match; you might live, but you're still an idiot. (memorable quip by Joel Greenblatt). :mrgreen:
by SpaceCommander
Mon Jun 08, 2015 10:06 am
Forum: Personal Investments
Topic: Do dividends keep up with inflation?
Replies: 6
Views: 1695

Re: Do dividends keep up with inflation?

I think the income from a basket of dividend aristocrats will handily outpace inflation over time. Another question is whether or not this is a suitable strategy for maximum total returns over time. But if your concern is simply for inflation adjusted income, then yes; a basket of aristocrats will t...
by SpaceCommander
Sun Apr 19, 2015 4:20 am
Forum: Personal Investments
Topic: Two Comma Club
Replies: 94
Views: 21153

Re: Two Comma Club

A memorable milestone. Congrats. When I crossed the 2 comma threshold, I was the middle east sitting in the desert with the Marines. I was in a place where I could get a wifi connection, so I checked my accounts to find that I was finally in 7 figures. I had to tell someone, so I told a buddy nearby...
by SpaceCommander
Wed Feb 25, 2015 3:01 am
Forum: Investing - Theory, News & General
Topic: Buy and Hold Forever Stocks
Replies: 104
Views: 16085

Re: Buy and Hold Forever Stocks

Over its three-year lifespan (so far), Morningstar's MOAT etf has fallen short of the index (VTI). I wouldn't be surprised to see MOAT outperform in bear markets but I suspect that the wide-moat argument is well-enough known that it has already been priced in. OTOH, AAPL is certainly a wide-moat st...
by SpaceCommander
Wed Feb 25, 2015 2:43 am
Forum: Investing - Theory, News & General
Topic: 10 Interesting facts about the S&P500
Replies: 28
Views: 5084

Re: 10 Interesting facts about the S&P500

I don't know much about the S&P500 other than it's cap weighted meaning that it's overweight the most expensive stocks and underweight the cheapest ones. :) I don't think cap weighted means what you think it means. If you're going to say that it's "overweight" or "underweight" at least explain what...
by SpaceCommander
Tue Feb 24, 2015 6:27 am
Forum: Investing - Theory, News & General
Topic: Value investing doesn't even beat the S&P 500
Replies: 56
Views: 9479

Re: Value investing doesn't even beat the S&P 500

It seems to me that the OP simply noted that people who invest in value mutual funds underperform the S&P500. Frankly, that's not all that surprising. Investors in growth mutual funds underperform too. The issue is not value vs. growth, it's mutual funds vs. the index. I thought Bogle made it clear ...
by SpaceCommander
Tue Feb 24, 2015 6:16 am
Forum: Investing - Theory, News & General
Topic: Buy and Hold Forever Stocks
Replies: 104
Views: 16085

Re: Buy and Hold Forever Stocks

In reply to the OP: a "hold forever" stock is tough to identify because things change. However, a "wide moat" stock is one that can be reasonably expected to earn returns in excess of its cost of capital for the next 20 years. That's "forever" enough for me. Fortunately, Morningstar makes it easy to...
by SpaceCommander
Tue Feb 24, 2015 6:02 am
Forum: Investing - Theory, News & General
Topic: 10 Interesting facts about the S&P500
Replies: 28
Views: 5084

Re: 10 Interesting facts about the S&P500

I don't know much about the S&P500 other than it's cap weighted meaning that it's overweight the most expensive stocks and underweight the cheapest ones. :)
by SpaceCommander
Tue Dec 09, 2014 9:55 pm
Forum: Personal Investments
Topic: Is There An Actively Managed Fund Cheaper Than An Index Fund
Replies: 25
Views: 3098

Re: Is There An Actively Managed Fund Cheaper Than An Index

Berkshire Hathaway is not a mutual fund of any sort. +1 Paul If you think Berkshire doesn't compare to a mutual fund, in my opinion, you are sadly mistaken. Here's a list of companies that make up Berkshire: Acme Brick Company Applied Underwriters Ben Bridge Jeweler Benjamin Moore Co Berkshire Hath...
by SpaceCommander
Tue Dec 09, 2014 12:08 pm
Forum: Personal Investments
Topic: Is There An Actively Managed Fund Cheaper Than An Index Fund
Replies: 25
Views: 3098

Re: Is There An Actively Managed Fund Cheaper Than An Index

Berkshire Hathaway is essentially a fund. It has an expense ratio of zero. (And a pretty good fund manager too, I hear).

Index funds cannot beat zero. BRK.B

:happy
by SpaceCommander
Sun Dec 07, 2014 10:06 am
Forum: Investing - Theory, News & General
Topic: Investing Magazines
Replies: 36
Views: 5016

Re: Investing Magazines

If you want specific investment advice, a magazine probably isn't what you're looking for. Perhaps a newsletter will fit the bill, but outsized returns by following advice from investment newsletters probably isn't going to happen. On the other hand, personal finance magazines often have useful info...
by SpaceCommander
Fri Dec 05, 2014 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Why is Dave Ramsey wrong?
Replies: 180
Views: 47458

Re: Why is Dave Ramsey wrong?

I'm going to go out on a limb here and say I'm not completely opposed to a financial advisor receiving a commission. I don't think they're all ripoff artists. Certainly for someone willing to learn about finances and how to manage their own investments, financial salespeople are completely unnecessa...
by SpaceCommander
Mon Dec 01, 2014 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Tools for indexers
Replies: 1
Views: 803

Re: Tools for indexers

I like Eric Haas' list of best funds/etfs for each asset class. Bookmarked here: http://altruistfa.com/dfavanguard.htm
by SpaceCommander
Mon Dec 01, 2014 8:27 am
Forum: Investing - Theory, News & General
Topic: A rational allocation in individual stocks?
Replies: 20
Views: 1805

Re: A rational allocation in individual stocks?

...For what it's worth: everything bpp says here flies in the face of value investing principles.... Well, this is not a "value investing" forum. Reread the Bogleheads' investment philosophy and refresh your memory on what it has to say about value investing. Hint: it says nothing about value inves...
by SpaceCommander
Sun Nov 30, 2014 9:18 pm
Forum: Investing - Theory, News & General
Topic: Can active funds reliably beat the index? Actually, Yes.
Replies: 41
Views: 9192

Re: Can active funds reliably beat the index? Actually, Yes

If I were managing a mutual fund, I wouldn't want to own shares of my own fund. Here's the reason: the mutual fund is a deeply flawed medium. If I were a fund manager, I'd rather manage my own money privately, than pool it with 1000's of other retail investors. With my own small portfolio, I could i...
by SpaceCommander
Sun Nov 30, 2014 8:31 pm
Forum: Investing - Theory, News & General
Topic: A rational allocation in individual stocks?
Replies: 20
Views: 1805

Re: A rational allocation in individual stocks?

You need an absolute minimum of five stocks diversified across five industries but the optimal size of an individual stock portfolio is 15-25 names. 30 at the very most. I will disagree here, and say the optimal size is as many names as possible. 30 at the very least. More is better. The reason bei...
by SpaceCommander
Sat Nov 29, 2014 5:29 pm
Forum: Investing - Theory, News & General
Topic: I'm getting Slaughtered in stocks
Replies: 43
Views: 7491

Re: I'm getting Slaughtered in stocks

I too would be interested in learning which companies made up the investment. Even more specifically: why were they chosen? And what kind of due diligence was performed on them? What money management rules were in place? Did he have an exit strategy beforehand, or was this merely a "buy & hope" appr...
by SpaceCommander
Sat Nov 29, 2014 5:10 pm
Forum: Investing - Theory, News & General
Topic: Oil / Energy ETFs
Replies: 58
Views: 6717

Re: Oil / Energy ETFs

Very rarely are we able to pick up big oil at this kind of valuation. As the sector has taken its hits recently, I'm happy to add some leading majors to my income porfolios at this time. As a matter of fact, I'm selling some overvalued utilities on Monday and rolling those proceeds into some underva...
by SpaceCommander
Fri Nov 21, 2014 5:18 pm
Forum: Investing - Theory, News & General
Topic: Apple Stock - Seems great, right?
Replies: 116
Views: 15066

Re: Apple Stock - Seems great, right?

Completely insufficient amount of information necessary to make such a decision. Of course. Apparently you missed the point: It is possible to select individual stocks with better fundamentals and valuation than the broad market. I'm not saying everyone should do so. I'm simply pointing out that it...
by SpaceCommander
Thu Nov 20, 2014 7:42 pm
Forum: Investing - Theory, News & General
Topic: Apple Stock - Seems great, right?
Replies: 116
Views: 15066

Re: Apple Stock - Seems great, right?

Just for fun, I sketched out a potential investment on the back of a napkin. It came down to these two options: Company A ROE: 21.22 ROA: 8.19 Price to Forward Earnings: 17.6 Company B ROE: 32.60 ROA: 18:08 Price to Foward Earnings: 14.8 Which would you rather own? By the way: Company A is SPY, Comp...
by SpaceCommander
Fri Nov 07, 2014 11:44 am
Forum: Investing - Theory, News & General
Topic: What individual stock?
Replies: 20
Views: 2135

Re: What individual stock?

Right now you can buy IBM at a lower cost than Buffet paid when he took a large position not too long ago. I like those odds.
by SpaceCommander
Thu Nov 06, 2014 3:18 pm
Forum: Personal Investments
Topic: Good book for 13 year old?
Replies: 14
Views: 2525

Re: Good book for 13 year old?

Before teaching him about investing, I'd start with personal finance in general and specifically focus on debt free living. My vote is for something like Financial Peace Jr. by Dave Ramsey. http://www.amazon.com/Financial-Peace-Junior-Dave-Ramsey/dp/1937077055/ref=pd_sim_b_1?ie=UTF8&refRID=0RA3GXCJV...
by SpaceCommander
Mon Nov 03, 2014 6:16 pm
Forum: Investing - Theory, News & General
Topic: New Tony Robbins Book on Financial Freedom
Replies: 92
Views: 33221

Re: New Tony Robbins Book on Financial Freedom

I thought Tony Robbins was/is in prison. You're probably thinking of another famous self-help guru: James Arthur Ray. He was sentenced to prison after people died in his sweatlodge fiasco a few years back. That wasn't Tony Robbins. http://usatoday30.usatoday.com/news/nation/story/2011-11-18/sweat-l...
by SpaceCommander
Sat Nov 01, 2014 7:34 pm
Forum: Investing - Theory, News & General
Topic: "Should You Be a Dividend Stock Investor?"
Replies: 33
Views: 4567

Re: "Should You Be a Dividend Stock Investor?"

Ma Bell doesn't care so you shouldn't either. Good illustration of a behavioral finance "error" that lots and lots of people make. The behavioral aspect is indeed front and center here. When the investor's financial needs are covered by the portfolio's income, selling is unnecessary. When the bear ...
by SpaceCommander
Sun Oct 26, 2014 7:39 pm
Forum: Investing - Theory, News & General
Topic: Do stocks have an intrinsic fundamental value?
Replies: 31
Views: 3541

Re: Do stocks have an intrinsic fundamental value?

So what I hear Larry saying is, "Yes, stocks have intrinsic fundamental value, but you can't know what it is." While valuation estimates are just that: estimates, Buffet seems to think that under certain circumstances some valuation estimates are more reliable than others. If there's too much ambig...
by SpaceCommander
Sun Oct 26, 2014 5:44 pm
Forum: Investing - Theory, News & General
Topic: Do stocks have an intrinsic fundamental value?
Replies: 31
Views: 3541

Re: Do stocks have an intrinsic fundamental value?

So what I hear Larry saying is, "Yes, stocks have intrinsic fundamental value, but you can't know what it is." While valuation estimates are just that: estimates, Buffet seems to think that under certain circumstances some valuation estimates are more reliable than others. If there's too much ambigu...
by SpaceCommander
Thu Oct 23, 2014 7:20 pm
Forum: Investing - Theory, News & General
Topic: IBM: Stock Buybacks Gone Wrong?
Replies: 66
Views: 7408

Re: IBM: Stock Buybacks Gone Wrong?

Since we've been talking Buffet: here's how he would assess the propriety of stock buybacks. "We test the wisdom of retaining earnings by assessing whether retention, over time, delivers shareholders at least $1 of market value for each $1 retained... The five year test should be: (1) during the per...
by SpaceCommander
Thu Oct 23, 2014 3:30 pm
Forum: Investing - Theory, News & General
Topic: Risk in a high dividend stock portfolio
Replies: 19
Views: 3712

Re: Risk in a high dividend stock portfolio

FWIW, I think that this approach is way too risky. Investing in a company (or 50 companies) just because they have high dividends is a recipe for regret. If you're going to buy a "dividend stock", it's usually a much better bet to purchase a blue chip with solid fundamentals. And diversify widely. B...
by SpaceCommander
Thu Oct 23, 2014 3:05 pm
Forum: Investing - Theory, News & General
Topic: GT Advanced Technology Files for Chapter 11
Replies: 9
Views: 2311

Re: GT Advanced Technology Files for Chapter 11

Anyone who was closely following the company would have noticed that insiders had been dumping the stock hand over fist since July. It's usually not a good sign when top executives and directors are exercising their options and immediately liquidating 100%. A look at insider selling is breathtaking...
by SpaceCommander
Thu Oct 23, 2014 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Is investing in real estate worth it?
Replies: 28
Views: 4418

Re: Is investing in real estate worth it?

But, real estate does add an entirely different type of asset and income stream to the mix. That's one of the main reasons I like it, I consider it a form of meta-diversification. Oh and real estate is fantastic at throwing off reliable cash flows, much better than a financial portfolio in that res...
by SpaceCommander
Wed Oct 22, 2014 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Is investing in real estate worth it?
Replies: 28
Views: 4418

Re: Is investing in real estate worth it?

But, real estate does add an entirely different type of asset and income stream to the mix. That's one of the main reasons I like it, I consider it a form of meta-diversification. Oh and real estate is fantastic at throwing off reliable cash flows, much better than a financial portfolio in that res...