Search found 5280 matches

by AlohaJoe
Wed May 27, 2020 4:19 am
Forum: Personal Investments
Topic: Any retirees get through Covid crisis without large cash reserve?
Replies: 45
Views: 2372

Re: Any retirees get through Covid crisis without large cash reserve?

I've been retired a few years and don't have a large cash reserve. I didn't really feel the need to make one in February/March either. I took a withdrawal from my portfolio in February and didn't lose any sleep over it.
by AlohaJoe
Tue May 26, 2020 9:16 pm
Forum: Investing - Theory, News & General
Topic: Is Vanguard's money where its mouth is?
Replies: 21
Views: 1660

Re: Is Vanguard's money where its mouth is?

No, I find that absurd. Vanguard is an index fund management company. Do you really want them to run your company? One way they could really cut costs is to cut the pay across the board at all the top companies in the S&P500. Would that be ok? Vanguard already does exactly this. How do you not know...
by AlohaJoe
Tue May 26, 2020 9:06 pm
Forum: Investing - Theory, News & General
Topic: Is Vanguard's money where its mouth is?
Replies: 21
Views: 1660

Re: Is Vanguard's money where its mouth is?

After reading portions of Bogle's Don't Count On It! and as well as the constant discussion of all things Boglehead here, it seems difficult to reconcile Vanguard's proxy voting policy on executive pay within their investments. First, I think you are confusing Jack Bogle with Vanguard. They aren't ...
by AlohaJoe
Tue May 26, 2020 8:40 pm
Forum: Personal Investments
Topic: Too many tax lots to keep up with? Efficiency?
Replies: 10
Views: 807

Re: Too many tax lots to keep up with? Efficiency?

What is there to keep up with? What efficiency are you talking about? Your broker keeps track of everything nowadays. Even if they didn't, computers can track tens of thousands of lots easily. And that's without using any fancy financial software, which makes it even easier. Is there any way to sel...
by AlohaJoe
Tue May 26, 2020 7:21 am
Forum: Investing - Theory, News & General
Topic: How can I do the calculations?
Replies: 11
Views: 534

Re: How can I do the calculations?

OneToughPuppy wrote:
Tue May 26, 2020 6:59 am
I would like to speak with a tax pro but I will be overseas for a few months.
Every tax pro I've ever met has a phone, Skype, email, Zoom, etc, etc. I have rarely been in the same country or time zone as the people that handled my taxes in the past.
by AlohaJoe
Tue May 26, 2020 12:08 am
Forum: Personal Investments
Topic: Too many tax lots to keep up with? Efficiency?
Replies: 10
Views: 807

Re: Too many tax lots to keep up with? Efficiency?

What is there to keep up with? What efficiency are you talking about?

Your broker keeps track of everything nowadays. Even if they didn't, computers can track tens of thousands of lots easily. And that's without using any fancy financial software, which makes it even easier.
by AlohaJoe
Mon May 25, 2020 2:56 am
Forum: Investing - Theory, News & General
Topic: Minimum Safe ETF Size?
Replies: 8
Views: 709

Re: Minimum Safe ETF Size?

Yeah, in my experience, you're better off investigating the history of issuers than you are just betting on the size of a fund. If a given issuer closes funds with greater frequency than others, I try to stay away from them. Yep. You can look at a fund company like VanEck and they have tons of fund...
by AlohaJoe
Sat May 23, 2020 8:51 am
Forum: Personal Investments
Topic: Does any brokerage offer automated ETF investments?
Replies: 4
Views: 280

Re: Does any brokerage offer automated ETF investments?

sp226 wrote:
Sat May 23, 2020 8:35 am
I understand that ETFs cannot be purchased in fractional shares
ETFs can definitely be purchased in fractional shares.

M1Finance offers automated ETF investing. Probably a few others (Motif? if they're still around) but M1 is the most popular at the moment.
by AlohaJoe
Thu May 21, 2020 8:34 pm
Forum: Personal Investments
Topic: Assuming we start paying banks to hold our money (in the US)
Replies: 50
Views: 4059

Re: Assuming we start paying banks to hold our money (in the US)

This means you have to pay banks to store your cash for you. Up until, I dunno 2000 or so?, basically every bank in America charged you money just to "store your cash for you". Then came a big wave of "free checking if you direct deposit your paycheck" and most Bogleheads don't think about it anymo...
by AlohaJoe
Thu May 21, 2020 8:55 am
Forum: Personal Finance (Not Investing)
Topic: HELOC prime minus margin rate ?
Replies: 11
Views: 698

Re: HELOC prime minus margin rate ?

What happens when the rate resets, either up or down, while you are drawing on HELOC and making minimum (interest-only) payments? Do the payments change with the rate change, or are they locked into the rate when the line was originally drawn? Yes they change with the rate. If rates went down, woul...
by AlohaJoe
Wed May 20, 2020 8:30 am
Forum: Investing - Theory, News & General
Topic: FAMag: Interactive Brokers Launches Massive Mutual Fund Marketplace
Replies: 5
Views: 540

Re: FAMag: Interactive Brokers Launches Massive Mutual Fund Marketplace

Unfortunately it doesn't appear that any Vanguard or Schwab funds are available commission-free so this is probably of limited value to Bogleheads.
by AlohaJoe
Mon May 18, 2020 10:20 pm
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15434

Re: Ben Felix - How to Retire Early (The 4% Rule)

And how did they do from, say, 1930-1959? I agree with HomerJ that the question doesn't tell us anything useful. But since you asked, from 1930-1959: Finland: 7.4% SWR Australia: 7.2% SWR Germany: 6.8% SWR Norway: 6.7% SWR UK: 5.5% SWR Denmark: 5.3% SWR Portugal: 4.8% SWR US: 4.3% SWR Sweden: 4.1% ...
by AlohaJoe
Mon May 18, 2020 10:19 pm
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15434

Re: Ben Felix - How to Retire Early (The 4% Rule)

Your conclusions about the international SWR sound a lot different than Wade Pfau's. Do you know what caused the difference? "In eleven of twenty countries, the SAFEMAX fell below 3%." https://retirementresearcher.com/4-rule-work-around-world/ He includes WW1 and WW2. Unsurprisingly, having million...
by AlohaJoe
Mon May 18, 2020 9:48 pm
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15434

Re: Ben Felix - How to Retire Early (The 4% Rule)

And how did they do from, say, 1930-1959? I agree with HomerJ that the question doesn't tell us anything useful. But since you asked, from 1930-1959: Finland: 7.4% SWR Australia: 7.2% SWR Germany: 6.8% SWR Norway: 6.7% SWR UK: 5.5% SWR Denmark: 5.3% SWR Portugal: 4.8% SWR US: 4.3% SWR Sweden: 4.1% ...
by AlohaJoe
Mon May 18, 2020 8:37 pm
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15434

Re: Ben Felix - How to Retire Early (The 4% Rule)

(a) Same period, other countries aren’t independent, and (b) What I remember reading (but haven’t checked myself) is that the 4% rule failed when extended to other countries. Have you checked those? Or picked carefully :-) Of course other countries are independent; that's why they have wildly diffe...
by AlohaJoe
Mon May 18, 2020 8:16 pm
Forum: Investing - Theory, News & General
Topic: Social Security is an asset....yet again
Replies: 129
Views: 5696

Re: Social Security is an asset....yet again

To me an asset means that you must be the owner of the entire pool of cash and must be able to use it in rebalancing That's clearly not the definition of an asset. Look at Berkshire Hathaway's balance sheet. "Goodwill and other intangibles" are an asset worth $113 billion. How does Warren Buffet us...
by AlohaJoe
Mon May 18, 2020 8:08 pm
Forum: Investing - Theory, News & General
Topic: Social Security is an asset....yet again
Replies: 129
Views: 5696

Re: Social Security is an asset....yet again

Well, a guaranteed income stream is certainly not a liability. Yeah, I'm always curious what the "it's not an asset" people think it is. If it isn't an asset, then you wouldn't mind if someone takes it away from you, right? "Asset" in accounting almost always means "something that has the potential...
by AlohaJoe
Mon May 18, 2020 8:05 pm
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15434

Re: Ben Felix - How to Retire Early (The 4% Rule)

So 810 years (27 periods) sounds about right. We aren't going to get that data in time to make a decision Then we already have the data we need. 27 periods. 1950-2020 is 70 years; call that 2 periods (1950-1979 and 1980-2009). We only need data from 14 countries and as we all know, the world is big...
by AlohaJoe
Mon May 18, 2020 6:56 am
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15434

Re: Ben Felix - How to Retire Early (The 4% Rule)

MarkRoulo wrote:
Sat May 16, 2020 10:36 am
The fundamental problem is that with only three independent data points you simply can’t have 95% confidence.
How many data points are required to have 95% confidence?
by AlohaJoe
Sun May 17, 2020 8:39 pm
Forum: Personal Investments
Topic: Vanguard Capital Markets Model / VCMM
Replies: 25
Views: 790

Re: Vanguard Capital Markets Model / VCMM

Can anyone comment on the expected rate of return that the “ Vanguard Capital Markets Model” forecasts I've never seen any evidence that Vanguard's forecasts are better than Goldman Sachs or BlackRocks or BNY Mellon or..... You can look up all those others and see what their forecasts are. Almost e...
by AlohaJoe
Sun May 17, 2020 8:36 pm
Forum: Personal Investments
Topic: Vanguard Capital Markets Model / VCMM
Replies: 25
Views: 790

Re: Vanguard Capital Markets Model / VCMM

I’m unsure about the PAS. I feel pressured to follow a plan I’m not fully comfortable with. It seems that you must invest in international funds or you cannot participate in the advisory service. I need to get clear on that in my next conversation with the advisor. I’m not fully comfortable with in...
by AlohaJoe
Sun May 17, 2020 6:27 pm
Forum: Investing - Theory, News & General
Topic: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates
Replies: 79
Views: 7694

Re: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates

Paul Romano wrote:
Sun May 17, 2020 9:22 am
Which Vanguard Bond fund do you recommend to earn a modicum of interest income and at the same time protect your investment when rates change and start to rise eventually.
Why should anyone earn money if they aren't willing to take risk?
by AlohaJoe
Sun May 17, 2020 6:19 am
Forum: Investing - Theory, News & General
Topic: Big changes to S&P 500?
Replies: 24
Views: 2457

Re: Big changes to S&P 500?

I don’t understand why companies being dropped from the S&P would be considered “active.” Companies are in or out based on specific criteria met or unmet. No they aren't. This is from S&P 500 index methodology handbook: S&P Dow Jones Indices believes turnover in index membership should be avoided w...
by AlohaJoe
Fri May 15, 2020 10:55 pm
Forum: Investing - Theory, News & General
Topic: SWR Data: 6.5 Million Possibilities Considered
Replies: 152
Views: 7114

Re: SWR Data: 6.5 Million Possibilities Considered

That being said, there are definitely some diminishing returns past 75/25 even for long time horizons. I think if I were retiring at an extremely early age (let’s say age 40) I’d have a hard time holding more than 80% stocks. Sure I could go 100% stocks, but not sure the extra 1 or 2% chance of his...
by AlohaJoe
Thu May 14, 2020 9:50 pm
Forum: Investing - Theory, News & General
Topic: Should Vanguard offer a CMA/Service ?
Replies: 19
Views: 1528

Re: Should Vanguard offer a CMA/Service ?

I think Vanguard will have to offer CMA /Service to be competitive with other brokerages. So many other brokerages offer it I think they will be forced to. Vanguard has $6 trillion in AUM. The only competitor bigger is BlackRock with $7 trillion. Does BlackRock also need to offer CMA? Or are you fo...
by AlohaJoe
Thu May 14, 2020 8:00 am
Forum: Investing - Theory, News & General
Topic: Two Percent Inflation - US
Replies: 20
Views: 1911

Re: Two Percent Inflation - US

The goal is to make 25 trillion seem like not a lot of money over time so our children don't roll us off a cliff. Why would inheriting 25 trillion in treasury bonds cause children to roll us off a cliff? Not all buyers of treasury bonds are American citizens; a majority of these bonds are bought up...
by AlohaJoe
Thu May 14, 2020 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Family member returning borrowed money?
Replies: 27
Views: 3064

Re: Family member returning borrowed money?

unstoppable wrote:
Wed May 13, 2020 8:36 pm
The anount is over $10K, so I believe it will trigger the reporting flags.
Why do you care if it does?

Do you think the police are going to kick down your door if you trigger a reporting flag at your bank?

Just transfer the full amount in a single transaction online.
by AlohaJoe
Thu May 14, 2020 7:15 am
Forum: Investing - Theory, News & General
Topic: Two Percent Inflation - US
Replies: 20
Views: 1911

Re: Two Percent Inflation - US

Hi All, I was wondering if there was a sound reason why the Fed chose their target inflation to be two percent, Not really. https://www.nytimes.com/2014/12/21/upshot/of-kiwis-and-currencies-how-a-2-inflation-target-became-global-economic-gospel.html “It’s kind of a historical accident that we have ...
by AlohaJoe
Wed May 13, 2020 5:55 am
Forum: Investing - Theory, News & General
Topic: Invesco index tracking error - How does this happen?
Replies: 3
Views: 266

Re: Invesco index tracking error - How does this happen?

The article explains how it happened.

What's your question?
by AlohaJoe
Tue May 12, 2020 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Salary ranges, grades, and layoffs
Replies: 11
Views: 2028

Re: Salary ranges, grades, and layoffs

Can someone help break down clearly the process and math that HR and manager's go through when they decide a reduction in workforce is necessary? 1) I know performance scores factors into the first wave of cuts. 2) I know that people who've maxed out their salary band are considered vulnerable. 3) ...
by AlohaJoe
Tue May 12, 2020 7:09 pm
Forum: Investing - Theory, News & General
Topic: proportional withdrawal -> no sequence-of-returns risk
Replies: 30
Views: 1344

Re: proportional withdrawal -> no sequence-of-returns risk

So, if my objective is to not have my house burn down, or to not have my portfolio lose half It's value, how does having homeowners insurance or having a larger portfolio eliminate that risk? Most people don't have an objective of "make my portfolio big". That's a means to an end. Not an end itself...
by AlohaJoe
Tue May 12, 2020 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 7601

Re: Should you include home equity in Net Worth?

Should home equity be included in your Net Worth? Also, how would you calculate it - the amount of principal paid down from your original loan, the amount owed vs. estimated value of house, the amount owed vs. estimated value of house net selling expenses....? What's the point of your "net worth" c...
by AlohaJoe
Mon May 11, 2020 7:58 pm
Forum: Non-US Investing
Topic: [Thailand] Advice needed on my investment plan
Replies: 24
Views: 1293

Re: [Thailand] Advice needed on my investment plan

2. Will it be worth it to open an international brokerage account using interactive broker if I have less than $US 100,000 so that I can start investing in low-cost index funds like Vanguard ? No one can really answer this for you without knowing specific dollar (baht) amounts. You can easily creat...
by AlohaJoe
Sun May 10, 2020 9:15 am
Forum: Personal Investments
Topic: Why no love for REITs?
Replies: 102
Views: 8715

Re: Why no love for REITs?

I don't see a lot of investors actively pursuing them. That is entirely because REITs have underperformed recently. From 1997-2006 (i.e. a decade) REITs outperformed the broader market: 14.18% to 8.57%. They also had lower volatility: 13% vs 15%. A lower max drawdown: -22% vs -44%. A higher Sharpe ...
by AlohaJoe
Wed May 06, 2020 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: No tax return after >10 weeks?
Replies: 46
Views: 3072

Re: No tax return after >10 weeks?

I don’t know why people would file via paper. https://www.irs.gov/newsroom/six-reasons-to-e-file The OP clearly explained why they didn't efile. I also didn't efile because you can't efile in every circumstance. There's no way to efile a bad debt statement, for instance. Or if you've just married a...
by AlohaJoe
Tue May 05, 2020 11:59 pm
Forum: Investing - Theory, News & General
Topic: Looking for alternative to Vanguard
Replies: 107
Views: 7043

Re: Looking for alternative to Vanguard

I looked at some others like Fidelity and I don't really like their options. They require Symantec VIP for 2FA (much rather use traditional tokens like Authy). No financial company uses Authy, so good luck with that. Companies that use Authy can also just reset it with a phone call if they want. Ha...
by AlohaJoe
Tue May 05, 2020 10:55 pm
Forum: Investing - Theory, News & General
Topic: Looking for alternative to Vanguard
Replies: 107
Views: 7043

Re: Looking for alternative to Vanguard

Yea for sure its a separate topic, but Symantec doesn't really offer any way to protect your device in case its lost like other authenticators do. They just reset it for you if you call lol I'm not sure what "protection" you are looking for here. You can remotely wipe any phone on Earth if you lose...
by AlohaJoe
Tue May 05, 2020 9:49 pm
Forum: Investing - Theory, News & General
Topic: Looking for alternative to Vanguard
Replies: 107
Views: 7043

Re: Looking for alternative to Vanguard

I looked at some others like Fidelity and I don't really like their options. They require Symantec VIP for 2FA (much rather use traditional tokens like Authy). No financial company uses Authy, so good luck with that. Companies that use Authy can also just reset it with a phone call if they want. Ha...
by AlohaJoe
Sat May 02, 2020 8:33 pm
Forum: Personal Investments
Topic: Inspiring F.I.R.E (On track?)
Replies: 11
Views: 2217

Re: Inspiring F.I.R.E (On track?)

The FAQ on Reddit's financialindependence subreddit will answer most of your questions

https://www.reddit.com/r/financialindependence/wiki/faq
by AlohaJoe
Wed Apr 29, 2020 2:32 am
Forum: Personal Finance (Not Investing)
Topic: IRS get my payment difficulties [non-residents/expats specific]
Replies: 3
Views: 274

Re: IRS get my payment difficulties [non-residents/expats specific]

It doesn't really help you but....I have the same issues. I never know what address format the IRS has put in their system for me, so I can never get past the first step. The best I get is sometimes the IRS sends me a letter in the mail and (if it arrives) I can see what they have in their systems. ...
by AlohaJoe
Tue Apr 28, 2020 9:48 pm
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13270

Re: ??? @Thomas Stanley - Stop Acting Rich book

In his research, did Stanley explicitly correct for those effects? No, he doesn't correct for it. He simply totals up the number of "high-income" people and "high-wealth" people. Also, remember the data is based on his own surveys. Only 1,594 people responded and only 944 of them were millionaires....
by AlohaJoe
Tue Apr 28, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Proof of ownership and paper statements
Replies: 25
Views: 1758

Re: Proof of ownership and paper statements

- it remains readable for many years. I recently looked at paper files from 30 years ago, no problem. Last time I tried reading a 30-year-old file format it was difficult to nearly impossible. I have tons of files over 30 years old and have never had any problem reading any of them. All the major f...
by AlohaJoe
Mon Apr 27, 2020 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2531

Re: File tax return electronically

The IRS is now offering the Identity Protection PIN to all taxpayers. As pointed out be beyou, it isn't available in all locations. Even in those locations, getting a PIN requires you have Credit card – last 8 digits (no American Express, debit or corporate cards) or Student loan or Mortgage or hom...
by AlohaJoe
Mon Apr 27, 2020 9:55 am
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2531

Re: File tax return electronically

It is the data theft most seem to fear. In my case, I am reluctant to e-file because I cannot see exactly what is being filed as I can with paper filing. Yes, I can have the program print out the forms that would be submitted to the IRS with paper filing, but I can't verify that the electronically ...
by AlohaJoe
Sun Apr 26, 2020 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2531

Re: File tax return electronically

It is the data theft most seem to fear. In my case, I am reluctant to e-file because I cannot see exactly what is being filed as I can with paper filing. Yes, I can have the program print out the forms that would be submitted to the IRS with paper filing, but I can't verify that the electronically ...
by AlohaJoe
Sun Apr 26, 2020 7:17 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19837

Re: Why am I even saving for retirement?

Just ran my wife's and my numbers through https://ssa.tools/ We are both in our mid 30s each earning way above the maximum SS taxable earnings. If we quit working today, we'll receive $45k in SS at age 70 If we work 10 more years (and retire at age 45), we'll receive $75k in SS at age 70 If we work...
by AlohaJoe
Sun Apr 26, 2020 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2531

Re: File tax return electronically

I use T-Tax Deluxe so I e-file federal, but refuse to pay their exorbitant fees for state filing so I just use snail mail. I could care less how long the return sits in a mail bag unopened (as I usually don't have much of a refund coming, so I roll it over until next year). I refuse to pay to file ...
by AlohaJoe
Thu Apr 23, 2020 10:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard factor funds performance - Q1 2020
Replies: 151
Views: 6261

Re: Vanguard factor funds performance - Q1 2020

Why is gslc Goldman Sachs large cap beta doing well compared to vfmf, mfus etc... aren’t they all multifactor ETFs? Go to https://www.portfoliovisualizer.com/factor-analysis and put them all in. Do they have exactly the same factory analysis summary? In what ways is GSLC different from the other two?
by AlohaJoe
Thu Apr 23, 2020 10:22 pm
Forum: Investing - Theory, News & General
Topic: There are only 2 U.S. Companies Rated AAA, Higher Than U.S. Government Bonds, in 1992 there were 98 AAA companies
Replies: 7
Views: 1633

Re: There are only 2 U.S. Companies Rated AAA, Higher Than U.S. Government Bonds, in 1992 there were 98 AAA companies

People have been making dire predictions about a "corporate debt bubble" for many years. 2015: https://fortune.com/2015/10/04/glencore-corporate-debt-bubble/ 2014: https://www.theguardian.com/money/2014/jun/15/us-economy-bubble-debt-financial-crisis-corporations 2013: http://blog.yardeni.com/2013/11...