Search found 12562 matches

by nedsaid
Wed Nov 13, 2019 7:51 pm
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 97
Views: 5492

Re: If you were forced to pick an alternative asset...

Buy Property Tax lien certificates. Easy way to start accumulating property. About as risky as it can get. Small chance at making a billion dollars though. :D Thank you. I was thinking of this and you beat me to it. Very foggy memory recalls that my Great Great Grandfather John purchased farms by p...
by nedsaid
Wed Nov 13, 2019 1:50 pm
Forum: Personal Investments
Topic: Buy some VYM [Vanguard High Dividend Yield]?
Replies: 24
Views: 1671

Re: Buy some VYM [Vanguard High Dividend Yield]?

Jack Bogle discussed the issue of income, it seemed important to him. He advised reaching for yield a bit but not by too much. You could take a slice of your Total Stock Market Index holdings and exchange it for some Vanguard High Dividend Index to stretch dividend yields from stocks a bit. In a sim...
by nedsaid
Wed Nov 13, 2019 1:43 pm
Forum: Personal Investments
Topic: alternative investments
Replies: 32
Views: 1484

Re: alternative investments

He is bored. this is part of it. but i also don't like that i'm so heavy in the stock market. i'm not looking for diversification within the stock market, i'm looking for places to park my money outside the stock market. for REIT's i'm with fundrise, rich uncles, and reality mogul. my international...
by nedsaid
Wed Nov 13, 2019 12:25 pm
Forum: Investing - Theory, News & General
Topic: MOM is real, too bad it doesn't work
Replies: 19
Views: 3665

Re: MOM is real, too bad it doesn't work

...Funds that don't follow an index do seem to have the disadvantage that it's difficult to evaluate them. I believe that some funds manage costs better than others, but without an index, how can we tell? However, I think avoiding an index isn't just about hiding your costs.... Agree to both. But, ...
by nedsaid
Wed Nov 13, 2019 12:21 pm
Forum: Personal Investments
Topic: alternative investments
Replies: 32
Views: 1484

Re: alternative investments

He is bored. I think early stage venture investing might offer an adequate degree of excitement. Maybe a lot of what passes for diversification around here comes from just sheer boredom. Perhaps I can adapt a well known saying around here to make a point: More money has been lost from the chase for...
by nedsaid
Wed Nov 13, 2019 12:49 am
Forum: Investing - Theory, News & General
Topic: optimal strategy for exploiting robo-advisors
Replies: 28
Views: 2011

Re: optimal strategy for exploiting robo-advisors

The thing is, if you are maintaining an index and selling the losers within that index for tax loss harvesting, it seems that you have to replace the losers with SOMETHING. The algorithms can work around the wash sale rules no problem, you can sell the losers and buy them back in 30 days. But what ...
by nedsaid
Wed Nov 13, 2019 12:33 am
Forum: Personal Investments
Topic: International Small Cap Value?
Replies: 32
Views: 4607

Re: International Small Cap Value?

Any updates on Int SCV and EMerging Markets? I have some cash sitting in a Fido 401K and want to put into above - note sure what funds to use. Avantis has new ETF products for both International Small/Value and Emerging Markets though you need a Brokerage Window in your 401(k) plan to access. I am ...
by nedsaid
Tue Nov 12, 2019 11:59 pm
Forum: Personal Investments
Topic: International Small Cap Value?
Replies: 32
Views: 4607

Re: International Small Cap Value?

Any updates on Int SCV and EMerging Markets? I have some cash sitting in a Fido 401K and want to put into above - note sure what funds to use. Avantis has new ETF products for both International Small/Value and Emerging Markets though you need a Brokerage Window in your 401(k) plan to access. I am ...
by nedsaid
Tue Nov 12, 2019 11:44 pm
Forum: Personal Investments
Topic: alternative investments
Replies: 32
Views: 1484

Re: alternative investments

There is the old joke that the best way to make a million in (fill in the blank) is to start with two million.

Just keep in mind the risks you are taking.
by nedsaid
Tue Nov 12, 2019 11:42 pm
Forum: Personal Investments
Topic: International Small Cap Value?
Replies: 32
Views: 4607

Re: International Small Cap Value?

Any updates on Int SCV and EMerging Markets? I have some cash sitting in a Fido 401K and want to put into above - note sure what funds to use. Avantis has new ETF products for both International Small/Value and Emerging Markets though you need a Brokerage Window in your 401(k) plan to access. I am ...
by nedsaid
Tue Nov 12, 2019 11:37 pm
Forum: Investing - Theory, News & General
Topic: MOM is real, too bad it doesn't work
Replies: 19
Views: 3665

Re: MOM is real, too bad it doesn't work

Forester wrote:
Tue Nov 12, 2019 3:20 pm
Methodology may be why iShares MTUM beats PDP & QMOM, naive academic approach (high turnover, less liquid stocks, stale momentum) vs pragmatic approach (liquid megacap bluechips with some amount of momentum).
Another example of a "bad" factor product beating a "good" factor product.
by nedsaid
Sun Nov 10, 2019 12:48 pm
Forum: Investing - Theory, News & General
Topic: optimal strategy for exploiting robo-advisors
Replies: 28
Views: 2011

Re: optimal strategy for exploiting robo-advisors

I want to make it clear that I am in favor of tax loss harvesting as a tool though not as an investment strategy. By all means, if you have a big realized capital gain in one place sell another investment with a big unrealized loss to offset it. That is good tax management. I just wonder about letti...
by nedsaid
Sun Nov 10, 2019 12:25 pm
Forum: Personal Investments
Topic: Small value in 50-50 retirement portfolio
Replies: 11
Views: 956

Re: Small value in 50-50 retirement portfolio

I’m investing my parents retirement funds in 50:50 portfolio. I am doing a three fund and considering 5% REIT and 5% small value (vanguard small value index fund). Is small value even at 5% too aggressive for a retiree? Thank you! I'd say the opposite, which is that 5% slices really aren't enough t...
by nedsaid
Sat Nov 09, 2019 5:34 pm
Forum: Investing - Theory, News & General
Topic: optimal strategy for exploiting robo-advisors
Replies: 28
Views: 2011

Re: optimal strategy for exploiting robo-advisors

The question I have really boils down to this: 1) How much performance drag is there on a portfolio from the management fees and from the trading? 2) How much per year in basis points are the tax savings? If 2 is bigger than 1, you have a winning strategy. Pretty simple question. Not sure there is a...
by nedsaid
Sat Nov 09, 2019 4:48 pm
Forum: Investing - Theory, News & General
Topic: optimal strategy for exploiting robo-advisors
Replies: 28
Views: 2011

Re: optimal strategy for exploiting robo-advisors

I wonder if there are any academic studies regarding aggressive tax loss harvesting and investment returns. This strategy involves lots of turnover to generate the tax losses and I am wondering if this is creating a friction with bid/ask spreads and incorrect sell/buy decisions. This strategy shoul...
by nedsaid
Sat Nov 09, 2019 11:06 am
Forum: Investing - Theory, News & General
Topic: optimal strategy for exploiting robo-advisors
Replies: 28
Views: 2011

Re: optimal strategy for exploiting robo-advisors

I fail to see what the robo would do that 15 minutes of my time & a calendar reminder would not be able to do. Automated software can do it much more aggresively and thoroughly. I opened an account at Wealthfront in July 2018 with $5k, and contributed $1k weekly since. Just in 2018 they harvested $...
by nedsaid
Sat Nov 09, 2019 10:54 am
Forum: Personal Investments
Topic: Customer Service with Vanguard
Replies: 264
Views: 16465

Re: Customer Service with Vanguard

I'm glad for those folks who have not experienced these problems; I wish I could be part of that group. :beer My thoughts exactly. The non-profit status and Jack Bogle philosophy sound great. The low expense ratio and no sales pressure seem amazing. The people complaining on forums seem like isolat...
by nedsaid
Sat Nov 09, 2019 10:37 am
Forum: Investing - Theory, News & General
Topic: Why no one created a etf of dividend free stocks
Replies: 35
Views: 3316

Re: Why no one created a etf of dividend free stocks

This is an interesting thread after being bashed so hard in the dividend wars. It seems like I have expressed a preference for dividends to then be met with insinuations that I didn't quite have it all together upstairs. Dividends don't matter, I have been told. For the record, I don't see dividends...
by nedsaid
Sat Nov 09, 2019 12:34 am
Forum: Personal Investments
Topic: Talk Me Off the Active Investing Ledge!
Replies: 34
Views: 2041

Re: Ticker Symbol?

mbenoit116: What is the ticker symbol of this wonderful fund and it's cost? I cannot find a "BCG fund" on Morningstar? Thank you. Taylor Jack Bogle's Words of Wisdom: "There remains no evidence--none--that superior past performance is predictive of future success." I found BCG Securities: https://w...
by nedsaid
Sat Nov 09, 2019 12:27 am
Forum: Personal Investments
Topic: Talk Me Off the Active Investing Ledge!
Replies: 34
Views: 2041

Re: Talk Me Off the Active Investing Ledge!

Consider the non-zero risk that this a scam, ponzi scheme or something similar. Those tend to be young hotshots who you hear about through affinity marketing. Make certain there are safeguards here. A mutual fund has its securities held by a custodian bank and investment advisors will have their cl...
by nedsaid
Fri Nov 08, 2019 11:23 pm
Forum: Investing - Theory, News & General
Topic: Funds Missing from Vanguard Funds List
Replies: 16
Views: 1991

Re: Funds Missing from Vanguard Funds List

Dude2 wrote:
Fri Nov 08, 2019 10:52 pm
It just makes me want to invest in these secret funds all the more.
Ah, the forbidden fruit. This might be a very clever marketing strategy. It also makes me think of the Groucho Marx quote, "I would not join a club that would have me as a member."
by nedsaid
Fri Nov 08, 2019 11:18 pm
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 71
Views: 8553

Re: Long Term Bonds getting killed today

OnTrack wrote:
Fri Nov 08, 2019 9:42 pm
nedsaid wrote:
Thu Nov 07, 2019 11:14 pm
Well, so much for that inverted yield curve. I think I am going to start a "Long Term Bonds in freefall" thread. Or is that free fall?
There is a "US Bonds in free fall" thread.
viewtopic.php?f=10&t=294453
Yep. I have amazing psychic powers. :wink:
by nedsaid
Fri Nov 08, 2019 12:22 pm
Forum: Investing - Theory, News & General
Topic: How often should someone rebalance?
Replies: 43
Views: 3065

Re: How often should someone rebalance?

Younger investors should .... Where would you roughly suggest this age to be? If people aren’t rebalancing, does that offer a chance of higher returns? And also more risk. Which is why you say it’s only for the young? One probably should be too worried about rebalancing a portfolio until age 40. A ...
by nedsaid
Fri Nov 08, 2019 6:42 am
Forum: Investing - Theory, News & General
Topic: How often should someone rebalance?
Replies: 43
Views: 3065

Re: How often should someone rebalance?

Once a year is probably plenty. My attitude on rebalancing was very relaxed for years and only started doing this in earnest starting in July 2013 with my program of mild rebalancing from stocks to bonds. Doing two things at once here, rebalancing the portfolio and also slowly de-risking over time. ...
by nedsaid
Fri Nov 08, 2019 6:35 am
Forum: Forum Issues and Administration
Topic: [Admin] tinypic (picture hosting) website is gone
Replies: 16
Views: 1602

Re: [Admin] tinypic (picture hosting) website is gone

Right now this looks like a minor disaster for the forum. As various image hosting websites have gone defunct over the years, I've also seen many of the charts in my posts disappear. At first, it used to bother me and I attempted to restore some of them from original copies that I'd retained — but ...
by nedsaid
Fri Nov 08, 2019 6:30 am
Forum: Personal Investments
Topic: Your Opinion Please [Asset Allocation]
Replies: 14
Views: 1216

Re: Your Opinion Please

im 60 and my allocation is very conservative as ive done well so im not taking much in the way of risk. im more in a cap preservation mode with clipping coupons being my excitement..but for the equities im posing the question... Last I looked at the Total Market Fund, distribution is 76% Large Caps...
by nedsaid
Fri Nov 08, 2019 6:05 am
Forum: Investing - Theory, News & General
Topic: The hidden cost of Fidelity’s ZERO funds
Replies: 66
Views: 5574

Re: The hidden cost of Fidelity’s ZERO funds

If there is a hidden cost, it'll show up in the returns. I think there may very well be one, but it's certainly less than 5 basis points. VTSAX is up 24.11% YTD. FZROX is up 24.49%. Doesn't look like much of a hidden cost to me! I actually own both, including in the same account in my HSA for histo...
by nedsaid
Fri Nov 08, 2019 5:52 am
Forum: Investing - Theory, News & General
Topic: Annuity buy out offer
Replies: 33
Views: 1563

Re: Annuity buy out offer

My instinct is that if you are offered a buyout for your annuity that you should have a high degree of skepticism. The principal and/or income guarantees issued on Variable Annuities before the 2008-2009 crash were too generous and now the insurance companies want out. The insurance company does not...
by nedsaid
Thu Nov 07, 2019 11:14 pm
Forum: Investing - Theory, News & General
Topic: Long Term Bonds getting killed today
Replies: 71
Views: 8553

Re: Long Term Bonds getting killed today

Well, so much for that inverted yield curve. I think I am going to start a "Long Term Bonds in freefall" thread. Or is that free fall?
by nedsaid
Wed Nov 06, 2019 8:46 pm
Forum: Investing - Theory, News & General
Topic: The hidden cost of Fidelity’s ZERO funds
Replies: 66
Views: 5574

Re: The hidden cost of Fidelity’s ZERO funds

Looks to me that the ZERO Funds are the real deal, they are doing what Fidelity said they would do, tracking their indexes. These funds are ZERO enough for me, somehow I don't have the mental picture of Fidelity Executives in a secret room sitting on top of a pile of money from the "hidden fees" in ...
by nedsaid
Wed Nov 06, 2019 8:32 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1616
Views: 249050

Re: QSPIX - thoughts on interesting fund

Things aren't looking too good for the Liquid Alts. American Century Investments will be closing two of its four Liquid Alternative funds in January 2020 and an Equity 130 long/30 short fund will also close but in December 2019. Just looked at the performance numbers for AQR Style Premia I fund and...
by nedsaid
Wed Nov 06, 2019 8:26 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1616
Views: 249050

Re: QSPIX - thoughts on interesting fund

Things aren't looking too good for the Liquid Alts. American Century Investments will be closing two of its four Liquid Alternative funds in January 2020 and an Equity 130 long/30 short fund will also close but in December 2019. Just looked at the performance numbers for AQR Style Premia I fund and ...
by nedsaid
Tue Nov 05, 2019 11:37 pm
Forum: Investing - Theory, News & General
Topic: Ex DFA CIO launches competitor which will also have ETFs
Replies: 157
Views: 16279

Re: Ex DFA CIO launches competitor which will also have ETFs

This is the frustration of trying to implement factor investing, there is some variability in the definitions and also differences in the screening methods. Yes, indeed. It probably wouldn't help their general marketing, but I don't understand why Avantis or other factor fund makers couldn't just s...
by nedsaid
Tue Nov 05, 2019 12:05 am
Forum: Investing - Theory, News & General
Topic: Jim Simons and Renaissance Technologies
Replies: 9
Views: 993

Re: Jim Simons and Renaissance Technologies

I know Cliff Asness at AQR thinks very highly of Renaissance Technologies. Truly successful hedge funds are in the minority and it is an open question if hedge funds as a group are even worth consideration as an investment. Efforts at applying hedge fund techniques to retail mutual funds have met w...
by nedsaid
Mon Nov 04, 2019 11:17 pm
Forum: Personal Investments
Topic: Your Opinion Please [Asset Allocation]
Replies: 14
Views: 1216

Re: Your Opinion Please

How old are you? That is a big factor when deciding upon asset allocation.
by nedsaid
Mon Nov 04, 2019 11:13 pm
Forum: Investing - Theory, News & General
Topic: Jim Simons and Renaissance Technologies
Replies: 9
Views: 993

Re: Jim Simons and Renaissance Technologies

I know Cliff Asness at AQR thinks very highly of Renaissance Technologies. Truly successful hedge funds are in the minority and it is an open question if hedge funds as a group are even worth consideration as an investment. Efforts at applying hedge fund techniques to retail mutual funds have met wi...
by nedsaid
Mon Nov 04, 2019 11:01 pm
Forum: Personal Investments
Topic: Those who buy SOME individual stocks, where do you put them?
Replies: 12
Views: 985

Re: Those who buy SOME individual stocks, where do you put them?

I own 18 individual stocks in an IRA Brokerage Account and 4 in DRIP plans. My preferred holding period is. . .well. . .forever. I don't like to sell but will sell if future prospects for the company dim. Even for me there is a certain amount of monitoring and maintenance for a stock portfolio, hope...
by nedsaid
Mon Nov 04, 2019 10:11 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1895
Views: 196961

Re: U.S. stocks continue to soar!

I see that the markets are up again today! Recession fears are proving unfounded.
by nedsaid
Mon Nov 04, 2019 10:05 am
Forum: Investing - Theory, News & General
Topic: Article on Dividends (J Clements)
Replies: 29
Views: 3033

Re: Article on Dividends (J Clements)

"Assuming no taxes and no impact of management's decision on buyback vs dividends on the market's reading of a stock, the two are equivalent. Let's say a company has $400 in assets, $200 in liabilities, and $200 in shareholder equity. It now distributes $20 either as a dividend or a buyback. The co...
by nedsaid
Sun Nov 03, 2019 10:57 am
Forum: Investing - Theory, News & General
Topic: Article on Dividends (J Clements)
Replies: 29
Views: 3033

Re: Article on Dividends (J Clements)

I am pretty well bruised and battered after fighting the dividend wars here on Bogleheads. Larry Swedroe fought through many a thread here on Bogleheads as part of his crusade that dividends don't matter. I don't know, I have always liked dividends and have preferred stocks that pay them, of the 22 ...
by nedsaid
Sun Nov 03, 2019 10:12 am
Forum: Personal Investments
Topic: Principal fees ridiculous!
Replies: 32
Views: 3140

Re: Principal fees ridiculous!

My daughter who is a newly minted registered nurse started her first job. The 403B provider is Principal. They charge a crazy .76 to administer the 403B and the default investment option for her is a target date fund that charges an unbelievable 1.0% management fee! The only non-principal funds ava...
by nedsaid
Sun Nov 03, 2019 9:40 am
Forum: Investing - Theory, News & General
Topic: Beating the market using the benchmark that works for you
Replies: 8
Views: 700

Re: Beating the market using the benchmark that works for you

Reminds me of the old joke where the Doctor tells Groucho Marx to give up wine, women, and song. When asked what he did about the Doctor's advice, Groucho quipped, "I changed Doctors." It seems that in the investment world, if you don't like your investment results, you just switch benchmarks. I am ...
by nedsaid
Sun Nov 03, 2019 9:30 am
Forum: Investing - Theory, News & General
Topic: Ex DFA CIO launches competitor which will also have ETFs
Replies: 157
Views: 16279

Re: Ex DFA CIO launches competitor which will also have ETFs

Larry told me in a personal message that Avantis screens for Profitability which is related to Quality. Avantis uses a combination of cash flow and earnings metrics and uses a modified book value. Hopefully Larry can comment. I didn't quote from his message as most all of it came directly from Avan...
by nedsaid
Sat Nov 02, 2019 10:33 pm
Forum: Investing - Theory, News & General
Topic: Ex DFA CIO launches competitor which will also have ETFs
Replies: 157
Views: 16279

Re: Ex DFA CIO launches competitor which will also have ETFs

Just looking at Stats, AVDV loads better on Value and DLS loads better on SIze. I'm too lazy to paste the mstar info, but note too that DLS seems to have a much higher quality tilt than AVDV. For better or for worse, these Avantis funds seem to either ignore quality as a factor or only consider it ...
by nedsaid
Sat Nov 02, 2019 6:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1895
Views: 196961

Re: U.S. stocks continue to soar!

Pigs get slaughtered but someone makes money on the pigs, both in real life and in the markets. :wink: In "an earlier life" I raised a few pigs every year (I quit around '90 or maybe '91). I butchered and processed everything myself. I would keep one and give one to my parents, and sell any others....
by nedsaid
Sat Nov 02, 2019 5:10 pm
Forum: Personal Investments
Topic: Portfolio Review
Replies: 12
Views: 855

Re: Portfolio Review

The healthcare is in there to give it some potential upside bling. That fund has had some historical very strong performance, with the Baby Boomers aging it just seems like healthcare is going to be pretty positive in the future. I am OK deleting it from the portfolio if that what makes the best se...
by nedsaid
Sat Nov 02, 2019 5:03 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 544
Views: 72229

Re: Flaunt Your High-Mileage Car

I am driving a 1999 Toyota Camry with about 195,000 miles on it. There are a lot of 1999 Camrys still on the road, these were very well built cars.
by nedsaid
Sat Nov 02, 2019 4:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1895
Views: 196961

Re: U.S. stocks continue to soar!

Bulls make money, Bears make money, Pigs get slaughtered. Pigs add "Diversification" :P Pork bellies! Which you use to make bacon. Like in a bacon, lettuce, and tomato sandwich. There is an epidemic going around that could kill 1/4 of the world's population of pigs. Someone floated the idea of a st...
by nedsaid
Sat Nov 02, 2019 4:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard without Jack Bogle - Allan Roth
Replies: 28
Views: 4376

Re: Vanguard without Jack Bogle - Allan Roth

Allan wrote a good article. My concern about Vanguard is with customer service, in a cost competitive environment it is always a target for cost cutters. Vanguard is owned by its clients so hard to imagine that it will lose its cost advantage. If one gets disenchanted with Vanguard, there is always ...
by nedsaid
Sat Nov 02, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: How Do You Like My New 'Doo
Replies: 220
Views: 46348

Re: How Do You Like My New 'Doo

Pretty much steady as she goes with my retirement portfolio, it has hit a new all-time high and I have been very pleased. As posted above, most of my investments at American Century are in a Private Client Group Cautious Portfolio which is managed in similar fashion to that fund group's Target Risk ...