Search found 5980 matches

by AlohaJoe
Wed Aug 04, 2021 8:46 pm
Forum: Personal Consumer Issues
Topic: Fidelity: Symantec VIP Access ?
Replies: 7
Views: 403

Re: Fidelity: Symantec VIP Access ?

What did Fidelity say when you called and asked them about this?
by AlohaJoe
Mon Aug 02, 2021 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Automated Periodic International Money Transfer
Replies: 2
Views: 197

Re: Automated Periodic International Money Transfer

I have an automated transfer like this using Interactive Brokers.
by AlohaJoe
Sat Jul 31, 2021 1:26 pm
Forum: Investing - Theory, News & General
Topic: Index of Active Funds?
Replies: 7
Views: 713

Re: Index of Active Funds?

No. It’s not possible by definition. An index fund is a portfolio of stocks or bonds designed to mimic the composition and performance of a financial market index. There is no financial market index of active funds. HFRI makes lots of financial indexes of hedge funds. They licence their indexes. AS...
by AlohaJoe
Sat Jul 31, 2021 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Best option for receiving international wire transfer from European bank
Replies: 7
Views: 658

Re: Best option for receiving international wire transfer from European bank

I’ve looked on a number of bank websites and they all basically say that they make money on the foreign exchange and that the rate they charge is at their discretion and depends on market conditions, their relationship with you etc etc. So it’s pretty opaque what the rate will actually be. Whicheve...
by AlohaJoe
Sat Jul 31, 2021 3:49 am
Forum: Non-US Investing
Topic: Minimize brokerage fees for Ireland domiciled ETFs
Replies: 10
Views: 1177

Re: Minimize brokerage fees for Ireland domiciled ETFs

Interesting point raised by helloyou. Can Degiro considered a safe broker? IIRC, Degiro reserves the right to loan out all client securities, making you subject to rehypothecation risk. I think trade execution quality is as important as the fee when we're talking about fees this low. How much price...
by AlohaJoe
Fri Jul 30, 2021 4:26 am
Forum: Personal Investments
Topic: Auto-buy mutual funds in existing TD acct or open new account to manually buy Fidelity fractional shares VTI/VXUS 150$
Replies: 9
Views: 596

Re: Auto-buy mutual funds in existing TD acct or open new account to manually buy Fidelity fractional shares VTI/VXUS 15

I don't see a compelling reason to ever buy mutual funds in a taxable account again, when ETFs are superior in every way. Just see the threads about how people are stuck at a brokerage for life because they can't move the mutual funds somewhere else. I think you should skip TD and Fidelity and just ...
by AlohaJoe
Fri Jul 30, 2021 12:52 am
Forum: Personal Investments
Topic: Schwab question - MF, same-day exchanges?
Replies: 37
Views: 2258

Re: Schwab question - MF, same-day exchanges?

Over the last year there were plenty of 10% up/down days Schwab's S&P 500 fund hasn't had a single day since January 1, 2020, when it was up +10%. And there was only a single day (March 16, 2020) when it was down -10%. There were only 10 days since January 1, 2020, when it was even up/down 5%. ...
by AlohaJoe
Thu Jul 29, 2021 9:25 pm
Forum: Personal Investments
Topic: Schwab question - MF, same-day exchanges?
Replies: 37
Views: 2258

Re: Schwab question - MF, same-day exchanges?

Over the last year there were plenty of 10% up/down days Schwab's S&P 500 fund hasn't had a single day since January 1, 2020, when it was up +10%. And there was only a single day (March 16, 2020) when it was down -10%. There were only 10 days since January 1, 2020, when it was even up/down 5%.
by AlohaJoe
Thu Jul 29, 2021 7:51 pm
Forum: Investing - Theory, News & General
Topic: Historical asset returns before 1970: Where to find
Replies: 83
Views: 7040

Re: Historical asset returns before 1970: Where to find

McQ wrote: Thu Jul 29, 2021 12:54 pm Last, I'm guessing that it was a decrease in rate of 0.17%?
That is correct. It went from something like (numbers approximate because I'm too lazy to look them up again) 5.3% to 5.15% when switching from GDP weights to market-cap weights.
by AlohaJoe
Thu Jul 29, 2021 3:11 am
Forum: Investing - Theory, News & General
Topic: Historical asset returns before 1970: Where to find
Replies: 83
Views: 7040

Re: Historical asset returns before 1970: Where to find

More importantly here, although the Dimson team formerly used GDP weights, on or about the 2017 yearbook they were able--by their own lights--to claim capitalization weighting. Yeah, looks like I misrembered. (Or mixed it up with the bond returns, which does still use GDP weighting.) You got me cur...
by AlohaJoe
Wed Jul 28, 2021 9:47 pm
Forum: Investing - Theory, News & General
Topic: Historical asset returns before 1970: Where to find
Replies: 83
Views: 7040

Re: Historical asset returns before 1970: Where to find

However, it will be more difficult to produce a properly weighted simulacrum of the World ex-USA index, since the capitalization weights aren’t published. FWIW, I believe the Dimson-Marsh-Staunton research uses GDP-weighting and not market capitalization weighting but it has been a while since I lo...
by AlohaJoe
Wed Jul 28, 2021 10:23 am
Forum: Personal Investments
Topic: Can an American purchases stocks on FTSE?
Replies: 4
Views: 710

Re: Can an American purchases stocks on FTSE?

Yes, there are many brokerages that allow it.

I typed "best brokerages for international trading" into Google and got many pages listing options like Fidelity, Charles Schwab, and Interactive Brokers.
by AlohaJoe
Sun Jul 25, 2021 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Have you ever taken a huge salary cut to live somewhere you wanted to be?
Replies: 35
Views: 4556

Re: Have you ever taken a huge salary cut to live somewhere you wanted to be?

Anyone have a similar decision to make, made it, and can provide lessons learned? Sure, I went from $250,000 to $90,000 to be in a location I preferred. I'm not sure there's anything more to it than deciding when you have "enough" and additional money is just ego stroking that no one in t...
by AlohaJoe
Sat Jul 24, 2021 9:17 pm
Forum: Investing - Theory, News & General
Topic: GMO 7 year forecast for Asset classes
Replies: 40
Views: 6328

Re: GMO 7 year forecast for Asset classes

The range of the narrowest estimate is 11% (1%-12% for global equity). Even worse, you'll notice Vanguard says there's a 50% chance it is outside those bounds (25% chance higher, 25% chance lower). No, for the "range" I'm using the 5% and 95% "whiskers." To my mind, if someone s...
by AlohaJoe
Sat Jul 24, 2021 7:35 pm
Forum: Investing - Theory, News & General
Topic: GMO 7 year forecast for Asset classes
Replies: 40
Views: 6328

Re: GMO 7 year forecast for Asset classes

nisiprius wrote: Sat Jul 24, 2021 11:04 am

The range of the narrowest estimate is 11% (1%-12% for global equity).
Even worse, you'll notice Vanguard says there's a 50% chance it is outside those bounds (25% chance higher, 25% chance lower).
by AlohaJoe
Sat Jul 24, 2021 12:01 am
Forum: Investing - Theory, News & General
Topic: Historical asset returns before 1970: Where to find
Replies: 83
Views: 7040

Re: Historical asset returns before 1970: Where to find

The general point, which I am still struggling with different ways of expressing, is that finance theory may or may not be correct that investors demand compensation for risk; but to assign "stocks" to the risk category, and "government bonds" to the no / less risk category, is ...
by AlohaJoe
Wed Jul 21, 2021 10:34 am
Forum: Investing - Theory, News & General
Topic: For Young Investors, Why Not Long Term Bonds?
Replies: 15
Views: 1564

Re: For Young Investors, Why Not Long Term Bonds?

Here's a thread with over 1,000 posts discussing your question:

viewtopic.php?t=287627

By the time you've read all 1,143 posts you'll have reached enlightenment.

Edit: Triple Digit Golfer beat me by 45 seconds!!
by AlohaJoe
Tue Jul 20, 2021 10:28 am
Forum: Personal Consumer Issues
Topic: Bed Linens for Warmer Climates?
Replies: 5
Views: 538

Re: Bed Linens for Warmer Climates?

I live in Vietnam, which probably qualifies as a "warmer climate". My wife and I like tencel. It has been around for years but used to be ridiculously priced (like as expensive as luxury European linen sheets) but prices have come down over the years and they are finally not stupidly expen...
by AlohaJoe
Mon Jul 19, 2021 9:11 am
Forum: Investing - Theory, News & General
Topic: PBS FRONTLINE: The Power of the Fed
Replies: 48
Views: 5543

Re: Stocks as Safe Haven

If the market starts going down the fed will print more money so that dollar becomes devalued and stock market not fall in dollar terms. Thus we need not worry about a 1930 or 2008 like scenario ever again. The Fed has done this since 1987 with the "Greenspan put" but we still had 2000 an...
by AlohaJoe
Mon Jul 19, 2021 3:48 am
Forum: Personal Consumer Issues
Topic: What are new job/career options with lots of income variance after FI
Replies: 23
Views: 1949

Re: What are new job/career options with lots of income variance after FI

Lynx310650 wrote: Mon Jul 19, 2021 2:56 am Probably not the right term. More like something with a lot of income potential but also comes with the risk of not making much money.
Actor, musician, author, angel investor, TikTok personality.
by AlohaJoe
Sun Jul 18, 2021 8:00 pm
Forum: Investing - Theory, News & General
Topic: PBS FRONTLINE: The Power of the Fed
Replies: 48
Views: 5543

Re: Stocks as Safe Haven

If the market starts going down the fed will print more money so that dollar becomes devalued and stock market not fall in dollar terms. Thus we need not worry about a 1930 or 2008 like scenario ever again. The Fed has done this since 1987 with the "Greenspan put" but we still had 2000 an...
by AlohaJoe
Sat Jul 17, 2021 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Lost Wire Transfer [Money has been returned]
Replies: 64
Views: 6144

Re: Lost Wire Transfer

samsoes wrote: Wed Jul 14, 2021 12:29 pm

Alexander Hamilton did not create the Secret Service. He was long dead by 1865. I suggest that hip musicals not be used as a source of history.
Hamilton doesn't mention the Secret Service, so no need to keep disparaging the musical.
by AlohaJoe
Thu Jul 15, 2021 11:23 pm
Forum: Investing - Theory, News & General
Topic: Historical asset returns before 1970: Where to find
Replies: 83
Views: 7040

Re: Historical asset returns before 1970: Where to find

It may not be terribly useful because, while the book itself is available at no cost on line, I don't know of a no-cost source for the data in machine-readable (i.e. spreadsheet) form. I don't want to suggest it is super-easy but a technically-inclined person can use things like https://camelot-py....
by AlohaJoe
Thu Jul 15, 2021 8:08 pm
Forum: Investing - Theory, News & General
Topic: Fractional Shares of STOCKS at Vanguard?
Replies: 27
Views: 1810

Re: Fractional Shares of STOCKS at Vanguard?

Does anyone know how orders for fractional shares are actually handled by the brokerages? Where do the shares come from and go to? What happens if somebdy want to buy $100 of BRK-A? The broker buys whole shares for itself and then divides them up among its customers. Early versions (like at M1) had...
by AlohaJoe
Thu Jul 15, 2021 1:58 pm
Forum: Investing - Theory, News & General
Topic: Fractional Shares of STOCKS at Vanguard?
Replies: 27
Views: 1810

Re: Fractional Shares of STOCKS at Vanguard?

Haven't heard anything. Way behind the times. Fractional shares are “modern” but I don’t know if they are a good thing. If I buy 1 share and someone sells 1 share, then it’s easy to match the buyer and seller. If I want to buy 0.12345678 shares, the way that is fulfilled might be complicated. . Van...
by AlohaJoe
Wed Jul 14, 2021 2:09 am
Forum: Investing - Theory, News & General
Topic: Is VPW a safer retirement strategy than SWR?
Replies: 243
Views: 13051

Re: Is VPW/ABW a frugal retirement strategy?

Anyone using SWR already has a lower spend rate than anyone using VPW and a larger portfolio because of the front loading. This is completely false. SWR doesn't take into account the current portfolio value, so there is absolutely no way you can guarantee it has a lower spending rate. Consider this...
by AlohaJoe
Tue Jul 13, 2021 11:26 pm
Forum: Investing - Theory, News & General
Topic: Is VPW a safer retirement strategy than SWR?
Replies: 243
Views: 13051

Re: Is VPW/ABW a frugal retirement strategy?

Likely someone following VPW will face even more challenging need to be “flexible” in spending than the SWR user… It is basically a complete lie that people using SWR don't need to be flexible. If you follow SWR it is frequently going to tell you "hey, go ahead and withdraw 10% of your portfol...
by AlohaJoe
Mon Jul 12, 2021 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
Replies: 170
Views: 22284

Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth

Margin interest rates aren't fixed. Doing this for short term expenses seems fine (a couple of years) before your next block of stocks is liquidated (and you pay tax then). Doing this for a lifetime is risky, since your interest rate could jump up crazy high. You realise that in basically every cou...
by AlohaJoe
Sun Jul 11, 2021 5:01 am
Forum: Non-US Investing
Topic: Australian retirement funds: general reinforcement for Bogleheads and specific thoughts for Australians [updated]
Replies: 17
Views: 2979

Re: Australian retirement funds: general reinforcement for Bogleheads and specific thoughts for Australians

I think it's a shame that none of these super fund complexes have a low-cost default fund. A low-cost default fund would truly put members' interests first. Maybe that's a challenge that someone in the superannuation industry will take up. Nice work! I've always been shocked at how terrible the Aus...
by AlohaJoe
Sat Jul 10, 2021 9:17 am
Forum: Personal Investments
Topic: 0% capital gains bracket for 2021. Making sure that's where I stay
Replies: 21
Views: 2315

Re: 0% capital gains bracket for 2021. Making sure that's where I stay

Question: To obtain that 0%, do I figure my household income (MFJ) on all, total income before the standard deduction, or after the standard deduction of $25,100? Every tax program (like TurboTax) is 100% free to try out. They only charge you money to file. So why not just type some numbers into on...
by AlohaJoe
Fri Jul 09, 2021 10:16 am
Forum: Non-US Investing
Topic: Likely expat, what to do with Vanguard? [update] [Moving from US to Canada]
Replies: 59
Views: 4608

Re: Likely expat, what to do with Vanguard?

Another technique that many people seem to use is to maintain some presence in the US. By having an actual property. Or by using the address of a relative, etc I have lived outside of the US for many years at this point. There are various workarounds like this. However, my advice is to just try to ...
by AlohaJoe
Fri Jul 09, 2021 1:52 am
Forum: Investing - Theory, News & General
Topic: Wells Fargo closing all personal lines of credit
Replies: 46
Views: 6619

Re: Wells Fargo closing all personal lines of credit

milktoast wrote: Fri Jul 09, 2021 1:47 am or move my mutual funds out of vanguard and into a margin account.
Vanguard has margin. Why wouldn't you just use that?
by AlohaJoe
Wed Jul 07, 2021 11:55 pm
Forum: Investing - Theory, News & General
Topic: Schwab Tax Lot Optimizer v. Vanguard Spec. ID.
Replies: 11
Views: 912

Re: Schwab Tax Lot Optimizer v. Vanguard Spec. ID.

Schwab's tax lot optimizer seems to do everything I could want with less effort Yes, Schwab has figured out that computers can easily calculate the most commonly desired ways to sell specific lots. Fidelity and Interactive Brokers have also figured out that computers can do things. Maybe Vanguard w...
by AlohaJoe
Wed Jul 07, 2021 8:46 pm
Forum: Personal Consumer Issues
Topic: "Auto-Investing" at Vanguard - is this possible? (See post.)
Replies: 2
Views: 418

Re: "Auto-Investing" at Vanguard - is this possible? (See post.)

Finridge wrote: Wed Jul 07, 2021 8:44 pm Is there any way to automate this? Is there any way to have a "standing" order that states "Check if any money is in the Federal Money Market account, and if there is anything there, invest it into the Vanguard Total International Fund?
No, there isn't.
by AlohaJoe
Wed Jul 07, 2021 4:18 am
Forum: Personal Finance (Not Investing)
Topic: How do you ban someone from paying your tuition?
Replies: 65
Views: 5451

Re: How do you ban someone from paying your tuition?

My youngest cousin is attending university and his father is trying to use 529 funds to pay his tuition but my cousin does not want his father to pay the school (he wanted the money directly). His father nevertheless paid the tuition to the school instead of my cousin. How do you unwind a transacti...
by AlohaJoe
Tue Jul 06, 2021 4:39 am
Forum: Non-US Investing
Topic: Australian retirement funds: general reinforcement for Bogleheads and specific thoughts for Australians [updated]
Replies: 17
Views: 2979

Re: Australian retirement funds: general reinforcement for Bogleheads and specific thoughts for Australians

60% Vanguard International Shares Index Fund, 5 year return 12.88% 10% Vanguard Australian Shares Index Fund, 5 year return 10.11% 20% Vanguard International Fixed Interest Index Fund (Hedged), 5 year return 2.52% 10% Vanguard Australian Fixed Interest Index Fund, 5 year return 3.10% 5 year returns...
by AlohaJoe
Tue Jul 06, 2021 1:11 am
Forum: Investing - Theory, News & General
Topic: Withdrawal rate for an early retirement
Replies: 474
Views: 33091

Re: Withdrawal rate for an early retirement

My question is, what are some good ways to evaluate various constant-percentage withdrawal rates? Obviously the lower the WR, the more initial cost to generate the same amount of expense but safer (for example, if you need 100K/year then 4% needs 2.5M, 2% needs 5M, 1% needs 10M etc etc). But unlike...
by AlohaJoe
Sun Jul 04, 2021 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Temporary receiving of relative's money
Replies: 51
Views: 4216

Re: Temporary receiving of relative's money

coldnose wrote: Sun Jul 04, 2021 10:28 pm However, I'm concerned that the IRS may see the payments back to her as gifts and subject to gift taxes, etc..
They are gifts. So no wonder the IRS would see them that way.
by AlohaJoe
Sun Jul 04, 2021 8:53 pm
Forum: Investing - Theory, News & General
Topic: Yet another look at CAPE
Replies: 41
Views: 3456

Re: Yet another look at CAPE

The CAPE ratio currently stands at 38, and stocks continue to make new highs. Detractors of CAPE will point to it as being an obsolete indicator due to effect of low interest rates. I found this interesting article of using CAPE as an effective measure for valuation and market timing. First: the po...
by AlohaJoe
Sun Jul 04, 2021 3:47 pm
Forum: Investing - Theory, News & General
Topic: Total portfolio allocation and withdrawal (TPAW)
Replies: 89
Views: 12687

Re: Total portfolio allocation and withdrawal (TPAW)

ASSET ALLOCATION ON THE SAVINGS PORTFOLIO TPAW continually adjusts the asset allocation on the savings portfolio to maintain a fixed allocation on the total portfolio. This keeps risk constant, resulting in time diversification and risk reduction. Let's look at the asset allocation on the savings p...
by AlohaJoe
Sun Jul 04, 2021 12:01 am
Forum: Investing - Theory, News & General
Topic: Total portfolio allocation and withdrawal (TPAW)
Replies: 89
Views: 12687

Re: Total portfolio allocation and withdrawal (TPAW)

2. Even if you want to be conservative, ABW can be made as conservative as you want by selecting a sufficiently high growth amortization schedule. ABW has the advantage of providing a constant growth schedule whereas SWR growth is variable. It's not clear why you would want growth to be slow betwee...
by AlohaJoe
Sat Jul 03, 2021 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Fire - ready: Finding motivation and avoiding procrastination
Replies: 15
Views: 2056

Re: Fire - ready: Finding motivation and avoiding procrastination

How do you find purpose and motivation when money isn't driving you? Most of all of what I want, can be had if I retire today. Is this some kind of burnout? There are no easy answers for this, especially when you come from a very work-focused background. Several years ago, a long-time member of thi...
by AlohaJoe
Fri Jul 02, 2021 9:12 pm
Forum: Personal Investments
Topic: Investing in Equities on Margin - Looking for Feedback
Replies: 47
Views: 2920

Re: Investing in Equities on Margin - Looking for Feedback

Goal: Double current net investable assets of $3.0MM over the next +/- 5 years and retire early. Wouldn't it require ~14% (real) returns for the next 5 years in a row to double? With your target leverage of 1.5x that means you're expecting 10% (real) returns on an unleveraged portfolio? (And then t...
by AlohaJoe
Thu Jul 01, 2021 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Transfer Larger Amount Funds Between Institutions?
Replies: 19
Views: 2630

Re: How Do You Transfer Larger Amount Funds Between Institutions?

I found out some banks when originating online electronic funds transfers - only allow $5k to/from other institutions for which have been previously 'linked' to the account. The only real option for larger amounts would be a 'wire' transfer with a fee, forms, etc. Is that actually what your bank to...
by AlohaJoe
Wed Jun 30, 2021 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of Jobs report on Bond market and mortgage rate
Replies: 2
Views: 358

Re: Impact of Jobs report on Bond market and mortgage rate

I am not an expert on any of this, but I am curious to know from knowledgeable folks here on whether I should wait until Friday to lock down the rate (hoping it may go further down based on a bad report) or if I should lock down the rate prior to the report. So you're asking whether you should wait...
by AlohaJoe
Mon Jun 28, 2021 10:27 pm
Forum: Non-US Investing
Topic: IB account interest
Replies: 7
Views: 1162

Re: IB account savings

I am in the USA as a non US citizen and want to open an IB savings account. What is the best IB account to open when not trading? Interactive Brokers isn't a bank. So it doesn't have savings accounts. It is a brokerage, so the only thing you can do there is trade. I'm not sure if Interactive Broker...
by AlohaJoe
Mon Jun 28, 2021 3:05 pm
Forum: Investing - Theory, News & General
Topic: Why isn't Spotify included in VTI?
Replies: 21
Views: 1860

Re: Why isn't Spotify included in VTI?

I was looking into VTI (and FSKAX) holdings and I noticed that Spotify is not included in either one, despite the fact that it listed on the NYSE. UiPath is included in VTI, but it's not in FSKAX. Mercado Libre is not in either one, though this makes more sense as it lists Buenos Aires as it's sole...
by AlohaJoe
Sun Jun 27, 2021 1:09 am
Forum: Investing - Theory, News & General
Topic: Hypothetical -- Selling stock to a friend
Replies: 13
Views: 1676

Re: Hypothetical -- Selling stock to a friend

Let's say I owned 5,000 shares of Random Public Company Traded On Any Of The Typical Public Exchanges, Inc. that I decided I wanted to sell. My friend decided he was interested in buying shares of stock in that company, so we decided, "Hey, why don't I just sell mine to you!" Call Random ...
by AlohaJoe
Fri Jun 25, 2021 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Housing price prediction for 2021
Replies: 55
Views: 5702

Re: Housing price prediction for 2021

What do bogleheads members think? I think house prices are local and no one can make predictions about the neighborhood you are talking about unless you tell us the neighborhood. This random article I googled[1] says house prices dropped by -2.3% in Cape Coral, Florida in 2020. In Dallas, Texas the...