Search found 7809 matches

by jeffyscott
Fri May 24, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: making the leap to online only banking-- updated reviews on Fidelity CMA or Schwab High Yield?
Replies: 25
Views: 1993

Re: making the leap to online only banking-- updated reviews on Fidelity CMA or Schwab High Yield?

We keep a bricks and mortar bank for things like notary and cashier's checks. At times when we had other needs- set up a bank account for an estate, cash in savings bonds and so forth, online banks could not help us. These things do not come up every day. On the other hand, we visit a physical bank...
by jeffyscott
Fri May 24, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: VTWAX vs VTSAX in my taxable account
Replies: 4
Views: 508

Re: VTWAX vs VTSAX in my taxable account

If you would prefer to hold just VTWAX and will be in the 0% LTCG tax bracket, you could stop adding to VTSAX and then after 12 months or more switch that to VTWAX, without paying any tax on the gains.
by jeffyscott
Fri May 24, 2019 7:21 am
Forum: Investing - Theory, News & General
Topic: Switching from Vanguard to Schwab
Replies: 19
Views: 2507

Re: Switching from Vanguard to Schwab

After encountering many problems with Vanguard over the years I finally gave up and transferred most of my assets to Schwab. Before the transfer I asked Schwab to allow me to buy Vanguard funds with no Schwab transaction fee. They agreed. Not sure if such an agreement is available to everyone. Is t...
by jeffyscott
Thu May 23, 2019 3:56 pm
Forum: Investing - Theory, News & General
Topic: Switching from Vanguard to Schwab
Replies: 19
Views: 2507

Re: Switching from Vanguard to Schwab

Vanguard has a patent on the structure of VTSAX which results in deferral of taxes on capital gains for the fund's investors (this may apply to other Vanguard funds, I'm not sure). Yes, it applies to all their index funds that also have an ETF share class. This would be a reason for the OP to stay ...
by jeffyscott
Thu May 23, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: I evaluated taking SS at age 62 versus age 70
Replies: 67
Views: 4849

Re: I evaluated taking SS at age 62 versus age 70

Another option frequently used is that the lower earner takes the spousal benefit at age 62 while the higher earner waits until 70. This often can result in maximizing your combined benefit. If you are referring to using a "restricted application" to game the system, that will not be available to t...
by jeffyscott
Thu May 23, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: I evaluated taking SS at age 62 versus age 70
Replies: 67
Views: 4849

Re: I evaluated taking SS at age 62 versus age 70

Another option frequently used is that the lower earner takes the spousal benefit at age 62 while the higher earner waits until 70. This often can result in maximizing your combined benefit. If you are referring to using a "restricted application" to game the system, that will not be available to t...
by jeffyscott
Thu May 23, 2019 7:55 am
Forum: Personal Finance (Not Investing)
Topic: I evaluated taking SS at age 62 versus age 70
Replies: 67
Views: 4849

Re: I evaluated taking SS at age 62 versus age 70

Another option frequently used is that the lower earner takes the spousal benefit at age 62 while the higher earner waits until 70. This often can result in maximizing your combined benefit. If you are referring to using a "restricted application" to game the system, that will not be available to t...
by jeffyscott
Thu May 23, 2019 7:22 am
Forum: Investing - Theory, News & General
Topic: Fund Characteristics in Annual Reports Gone
Replies: 2
Views: 230

Re: Fund Characteristics in Annual Reports Gone

You can get the data on their website, from the portfolio page, where it appears it is updated monthly: https://investor.vanguard.com/mutual-fu ... olio/vfiax
by jeffyscott
Thu May 23, 2019 6:45 am
Forum: Personal Finance (Not Investing)
Topic: I evaluated taking SS at age 62 versus age 70
Replies: 67
Views: 4849

Re: I evaluated taking SS at age 62 versus age 70

Some starting data: - I'm 45 - will stop working at 54 - same for my wife - assumed a 50 year timeframe - our combined monthly benefit is 3850 if we take it at 62 - combined benefit jumps to 6780 if we wait to 70 Without sharing all the other details, I concluded that for us, there is a very slight...
by jeffyscott
Wed May 22, 2019 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: I evaluated taking SS at age 62 versus age 70
Replies: 67
Views: 4849

Re: I evaluated taking SS at age 62 versus age 70

Without sharing all the other details, I concluded that for us, there is a very slight benefit to SS at age 62. How slight? With my inputs to FIREcalc, the final portfolio value has these outcomes: The reason you concluded SS at 62 is better than 70 is becuase FIRECALC assumed you would invest the ...
by jeffyscott
Wed May 22, 2019 1:53 pm
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 71
Views: 5335

Re: Delaying social security = harming nest egg?

The bump-ups definitely used to be identical from month-to-month in dollar amounts between FRA and age 70 and again, I do not know if this is still true. I believe that is still the case, they show it is a fixed percent of the PIA for that interval here: https://www.ssa.gov/planners/retire/delayret...
by jeffyscott
Wed May 22, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: I evaluated taking SS at age 62 versus age 70
Replies: 67
Views: 4849

Re: I evaluated taking SS at age 62 versus age 70

Are you able to evaluate having the low earner take it at 62 and the high earner at 70? My wife and I have very similar earnings over the years, the delta in benefits is shown to be trivial. I think there still might be a difference. Since only one benefit will continue to be paid to the sole survi...
by jeffyscott
Wed May 22, 2019 10:21 am
Forum: Investing - Theory, News & General
Topic: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion
Replies: 51
Views: 3938

Re: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion

If I'm cruising along in retirement in my late 60's with an AGI around $100k and looking for that to jump to around $150k for the year I turn 70.5 and beyond, then that's not so optimal, taxwise. There are things I can do in my 60s, Without Going Overboard, that can reduce my age 70.5 AGI down to $...
by jeffyscott
Wed May 22, 2019 9:53 am
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 71
Views: 5335

Re: Delaying social security = harming nest egg?

The conventional wisdom, often discussed among BHs as well as in the general press, is that it’s best to delay taking social security until age 70 if you can, because of the guaranteed yearly 8% increase in benefits for each year you delay. 8% per year guaranteed return is better than many/most oth...
by jeffyscott
Wed May 22, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: I evaluated taking SS at age 62 versus age 70
Replies: 67
Views: 4849

Re: I evaluated taking SS at age 62 versus age 70

Are you able to evaluate having the low earner take it at 62 and the high earner at 70?
by jeffyscott
Wed May 22, 2019 8:39 am
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 71
Views: 5335

Re: Delaying social security = harming nest egg?

Lots of insightful comments above. What I'd add is that the choice of when to take is not all or nothing (age 62 or 70) and that there are inflection points worth accounting for. The fundamentals as I understand them are that ocial Security goes up by about 6.5% per year between 62 and 66, and then...
by jeffyscott
Tue May 21, 2019 3:19 pm
Forum: Investing - Theory, News & General
Topic: Will Admiral Shares Expense Ratio match ETF in the future
Replies: 15
Views: 891

Re: Will Admiral Shares Expense Ratio match ETF in the future

Vanguard reports management fee of 0.03% for both VTI and VTSAX. The difference is the other expenses of 0.00% and 0.01%. I'm guessing the 0 other expenses for VTI, means they are less than 0.005% :?: . In any case, the difference there is the other expenses. OTOH, for VXUS/VTIAX the management fee ...
by jeffyscott
Tue May 21, 2019 10:45 am
Forum: Personal Consumer Issues
Topic: Tired of gas grills rusting out...
Replies: 120
Views: 13973

Re: Tired of gas grills rusting out...

I bought a Charbroil 9 years ago. I removed the flavorizer bars, and installed the fake charcoal briquette rack. I find the ceramic briquettes work much better than the flavorizer bars. And they last a lot longer. The thing I found is the burners stopped rusting out with the switch from lava rock t...
by jeffyscott
Mon May 20, 2019 1:59 pm
Forum: Investing - Theory, News & General
Topic: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion
Replies: 51
Views: 3938

Re: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion

Let's take an MFJ couple with a combined $48K SS benefit (that's $2K per person per month). For them, the SS tax hump begins at $8K of "other" (non-SS) income, and ends at $60,941 of non-SS income. Perhaps I don't understand this tax hump. I thought if you had $44K of other income, this meant that ...
by jeffyscott
Mon May 20, 2019 12:20 pm
Forum: Investing - Theory, News & General
Topic: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion
Replies: 51
Views: 3938

Re: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion

Let's take an MFJ couple with a combined $48K SS benefit (that's $2K per person per month). For them, the SS tax hump begins at $8K of "other" (non-SS) income, and ends at $60,941 of non-SS income. Perhaps I don't understand this tax hump. I thought if you had $44K of other income, this meant that ...
by jeffyscott
Mon May 20, 2019 11:13 am
Forum: Investing - Theory, News & General
Topic: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion
Replies: 51
Views: 3938

Re: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion

The 12% marginal Federal income tax bracket for MFJ goes up to taxable income of $78,950 this year. I generally do not like the "convert to top of xx% bracket" concept for the following reason: A couple with Taxable Income of $77,000 would then do just under $2000 of Roth conversion this year, whic...
by jeffyscott
Mon May 20, 2019 10:59 am
Forum: Investing - Theory, News & General
Topic: Valuations of International Equities vs. US Equities
Replies: 29
Views: 2465

Re: Valuations of International Equities vs. US Equities

The divergence in valuations has not gone unnoticed, it's mentioned on this board on a daily basis, it gets mentioned on CNBC and other financial news, there are tons of blogs and articles out there suggesting such. Vanguard's "Economic Outlook" and other prognosticators forecast lower returns on U...
by jeffyscott
Mon May 20, 2019 9:13 am
Forum: Investing - Theory, News & General
Topic: How to avoid 1 week of not investing when buying treasury bills
Replies: 23
Views: 2157

Re: How to avoid 1 week of not investing when buying treasury bills

The difference in yield between 1-month T-bills and Vanguard's settlement MM fund is about 5 bps. That's an almost negligible opportunity cost. Sure, but that doesn't help if you want to hold 3 or 6 month Treasuries. Rereading my post, I see how it could come across as suggesting the OP should use ...
by jeffyscott
Mon May 20, 2019 9:06 am
Forum: Investing - Theory, News & General
Topic: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion
Replies: 51
Views: 3938

Re: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion

Age 56 onward ... We expect no real portfolio growth, tax brackets are indexed, my pension drops 50% if I croak first, one of 2 SS's goes away with demise of one of us. So we're not Roth converting to pay more taxes sooner in favor of enjoying retirement to the fullest in the best earlier years. An...
by jeffyscott
Sun May 19, 2019 10:14 pm
Forum: Investing - Theory, News & General
Topic: Constructing Tax Efficient Withdrawal Strategies for Retirees
Replies: 12
Views: 1797

Re: Constructing Tax Efficient Withdrawal Strategies for Retirees

An important implication of this article, which also agrees with the Reichenstein/Meyer, is that discovering the retiree drawdown strategy with the highest utility cannot be done by following simple rules of thumb. It involves a complicated calculation that also entails many assumptions. The odds o...
by jeffyscott
Sun May 19, 2019 5:58 pm
Forum: Investing - Theory, News & General
Topic: Wouldn't this make Traditional IRA far superior to Roth?
Replies: 82
Views: 7574

Re: Wouldn't this make Traditional IRA far superior to Roth?

In this case, contributing to traditional until the expected taxable income in retirement exceeds the 10% bracket is a straightforward choice. Once that point is reached, and additional contributions will be withdrawn at a 25% rate, we can debate "who the tie goes to". Butting back in to note that ...
by jeffyscott
Sun May 19, 2019 8:04 am
Forum: Investing - Theory, News & General
Topic: To invest in bnd for 2.5 years?
Replies: 17
Views: 1712

Re: To invest in bnd for 2.5 years?

buy cd's This seems like the most risk free route, if there is certainty that there is no chance of needing the money sooner. It looks like you can get maybe 2.45% in a brokered CD and maybe a better deal could be found with a direct CD. If the money might be needed sooner than expected, you would ...
by jeffyscott
Sat May 18, 2019 4:42 pm
Forum: Investing - Theory, News & General
Topic: Why Are U.S. Asset Prices So High Today?
Replies: 34
Views: 3022

Re: Why Are U.S. Asset Prices So High Today?

Stock prices are high the past few years because the alternative investment, buying bonds, is rather low yielding nowadays. Simple... There is truth in this explanation. Aren't foreign, developed bond interest rates even lower, though? Yes, many developed countries have very low bond yields. That s...
by jeffyscott
Sat May 18, 2019 4:16 pm
Forum: Investing - Theory, News & General
Topic: Why Are U.S. Asset Prices So High Today?
Replies: 34
Views: 3022

Re: Why Are U.S. Asset Prices So High Today?

Tycoon wrote:
Sat May 18, 2019 4:09 pm
The Wizard wrote:
Sat May 18, 2019 3:26 pm
Stock prices are high the past few years because the alternative investment, buying bonds, is rather low yielding nowadays.
Simple...
There is truth in this explanation.
Aren't foreign, developed bond interest rates even lower, though?
by jeffyscott
Sat May 18, 2019 3:18 pm
Forum: Investing - Theory, News & General
Topic: Why Are U.S. Asset Prices So High Today?
Replies: 34
Views: 3022

Re: Why Are U.S. Asset Prices So High Today?

This post makes the case that today's high asset prices could be a result of the Great Moderation , which began in the mid-1980s and continues to the present day. The "Great Moderation" is a term used to describe the reduction in business cycle volatility observed in many advanced economies, and co...
by jeffyscott
Sat May 18, 2019 11:33 am
Forum: Investing - Theory, News & General
Topic: How to avoid 1 week of not investing when buying treasury bills
Replies: 23
Views: 2157

Re: How to avoid 1 week of not investing when buying treasury bills

The daily YC's are based on bid prices of bills, but I'm not sure on what basis they are expressed (a monthly rate for the 1 mo, a semi-annual equivalent, an APY?, oddly their methodology page doesn't say; by market convention bill yields are expressed as an actual/360 discount but the daily YC num...
by jeffyscott
Sat May 18, 2019 8:02 am
Forum: Investing - Theory, News & General
Topic: Constructing Tax Efficient Withdrawal Strategies for Retirees
Replies: 12
Views: 1797

Re: Constructing Tax Efficient Withdrawal Strategies for Retirees

The summary here oversimplifies some issues, but the article itself has the correct details. Thanks for clarifying the the part about taxable stock and dividends are better spent earlier rather than spent later but that it may be better spent not at all than spent earlier. We have only a small taxa...
by jeffyscott
Sat May 18, 2019 7:37 am
Forum: Investing - Theory, News & General
Topic: How to avoid 1 week of not investing when buying treasury bills
Replies: 23
Views: 2157

Re: How to avoid 1 week of not investing when buying treasury bills

The difference in yield between 1-month T-bills and Vanguard's settlement MM fund is about 5 bps. That's an almost negligible opportunity cost. Sure, but that doesn't help if you want to hold 3 or 6 month Treasuries. The 1-6 month treasuries are all about the same at this time, 2.40-2.43%, accordin...
by jeffyscott
Fri May 17, 2019 4:09 pm
Forum: Investing - Theory, News & General
Topic: Bonds beyond Total Bond Market - Anyone ?
Replies: 47
Views: 3434

Re: Bonds beyond Total Bond Market - Anyone ?

Does anyone with a low equity allocation utilize bond types like high yield or EM to hopefully increase returns slightly while trying to minimize the magnitude of the downside risk that equities can demonstrate during bear markets? Yes, we have 40% equities and use pretty much all the riskier bond ...
by jeffyscott
Fri May 17, 2019 11:59 am
Forum: Investing - Theory, News & General
Topic: Vanguard Long Term Bond Index to charge 0.50% fee on purchases
Replies: 64
Views: 5651

Re: Vanguard Long Term Bond Index to charge 0.50% fee on purchases

How can the 1 year return for the fund be trailing the ETF by over 1%, based on NAV, if assets are commingled? :confused Because those returns are quotes Net the Purchase fee for the Mutual Fund Shares. I believe retiringwhen is correct. You don't see a similar discrepancy in the "Recent investment...
by jeffyscott
Fri May 17, 2019 10:24 am
Forum: Investing - Theory, News & General
Topic: How to avoid 1 week of not investing when buying treasury bills
Replies: 23
Views: 2157

Re: How to avoid 1 week of not investing when buying treasury bills

The difference in yield between 1-month T-bills and Vanguard's settlement MM fund is about 5 bps. That's an almost negligible opportunity cost. Sure, but that doesn't help if you want to hold 3 or 6 month Treasuries. The 1-6 month treasuries are all about the same at this time, 2.40-2.43%, accordin...
by jeffyscott
Fri May 17, 2019 10:19 am
Forum: Investing - Theory, News & General
Topic: Vanguard Long Term Bond Index to charge 0.50% fee on purchases
Replies: 64
Views: 5651

Re: Vanguard Long Term Bond Index to charge 0.50% fee on purchases

This seems to be a pretty clear indication that the mutual shareholder purchase fees are shared with the ETF. +1 Of course they are. ETF and mutual fund assets are commingled, not segregated. When new funds flow into the mutual fund and new bonds have to be purchased, those trading costs affect bot...
by jeffyscott
Fri May 17, 2019 9:45 am
Forum: Investing - Theory, News & General
Topic: How to avoid 1 week of not investing when buying treasury bills
Replies: 23
Views: 2157

Re: How to avoid 1 week of not investing when buying treasury bills

What if I want to buy 8 weeks bills when my 4 weeks bill is being matured? Is there any option other than waiting for next issue? You can buy whatever you want on the secondary market. I recently switched to that route after having started with TD and playing with T-bills there for about 6 months. ...
by jeffyscott
Fri May 17, 2019 8:18 am
Forum: Investing - Theory, News & General
Topic: How do brokerage firms make money anymore?
Replies: 16
Views: 1732

Re: How do brokerage firms make money anymore?

(1) start using margin and paying interest? (2) maintain large cash balances on which they pay little interest? (3) participate in a stock lending program where they will pass on only half of the lending fees? (4) invest in mutual funds that pay them a fee to be on their platform? (5) trade frequen...
by jeffyscott
Thu May 16, 2019 10:42 pm
Forum: Investing - Theory, News & General
Topic: Will ETFs Replace Traditional Funds
Replies: 87
Views: 4779

Re: Will ETFs Replace Traditional Funds

Also, how do we know that mutual fund expenses won't continue to go down? They will go down, but ETFs will always be lower. It is a structural issue. You can go down the list of expenses. Some are identical because they have to do exactly the same thing. Tax prep is exactly the same, annual reporti...
by jeffyscott
Thu May 16, 2019 10:25 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Long Term Bond Index to charge 0.50% fee on purchases
Replies: 64
Views: 5651

Re: Vanguard Long Term Bond Index to charge 0.50% fee on purchases

There's no such thing as a free lunch. However, it seems those owning ETFs of these specific funds are eating lunch at subsidized prices. No one is being subsidized: everyone is paying for their own meal. As I said earlier, anything else would be illegal. Where is the money coming from that allows ...
by jeffyscott
Thu May 16, 2019 8:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Long Term Bond Index to charge 0.50% fee on purchases
Replies: 64
Views: 5651

Re: Vanguard Long Term Bond Index to charge 0.50% fee on purchases

There's no such thing as a free lunch. However, it seems those owning ETFs of these specific funds are eating lunch at subsidized prices. No one is being subsidized: everyone is paying for their own meal. As I said earlier, anything else would be illegal. Where is the money coming from that allows ...
by jeffyscott
Thu May 16, 2019 8:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Long Term Bond Index to charge 0.50% fee on purchases
Replies: 64
Views: 5651

Re: Vanguard Long Term Bond Index to charge 0.50% fee on purchases

Post by whodidntante » Thu May 16, 2019 6:24 pm The ETF shareholders should pay less because ETFs are structurally more efficient than mutual funds. Can you outline how ETFs are more efficient? I can think of one way in particular. If I purchase Vanguard ETFs and hold them at Schwab or Fidelity it ...
by jeffyscott
Thu May 16, 2019 2:18 pm
Forum: Investing - Theory, News & General
Topic: Small Caps vs Large Caps divergence
Replies: 23
Views: 3117

Re: Small Caps vs Large Caps divergence

From M*, YTD: Vanguard small cap (VSMAX) 20.37% Tax managed small (VTMSX) 16.04% Russel 2000 ETF (IWM) 18.54% S&P 500 18.25% So the actual divergence is between two Vanguard small cap funds, which average out to the same as R2K and S&P 500. Of course there has been some variation in the timing of th...
by jeffyscott
Thu May 16, 2019 12:17 pm
Forum: Investing - Theory, News & General
Topic: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion
Replies: 51
Views: 3938

Re: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion

I, too, see from the transcript that she did not say what the OP thought she did, here: Maria Bruno: So some of those interactions can be when to claim Social Security. If you think about this period where individuals might need to spend from their portfolio, number one, we’re talking about Roth con...
by jeffyscott
Thu May 16, 2019 12:02 pm
Forum: Investing - Theory, News & General
Topic: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion
Replies: 51
Views: 3938

Re: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion

Her comments seemed to suggest that when you are in the retirement sweet spot (favorable tax rate) years before 70 1/2 and after 59 1/2, and delaying SS to 70 and not needing RMDs for regular spending/living expenses it might make sense to not do Roth conversions but to simply draw down your IRA be...
by jeffyscott
Thu May 16, 2019 10:57 am
Forum: Investing - Theory, News & General
Topic: How much is the 401K and retirement savings propping up the market?
Replies: 26
Views: 3248

Re: How much is the 401K and retirement savings propping up the market?

It seems that the 401k money has been going to bond funds, so it would not seem to be propping up the stock market...maybe the bond market :?: :wink: . U.S. equity funds--active and passive--collected just $86 billion in net new money during a 10-year bull market. https://www.morningstar.com/article...
by jeffyscott
Thu May 16, 2019 10:35 am
Forum: Investing - Theory, News & General
Topic: Amazon....we all have seen this before :)
Replies: 62
Views: 8788

Re: Amazon....we all have seen this before :)

The grand slam has already been hit; now Amazon is trying to hold on to its lead. As a stock, it may continue to grow from here, but not nearly at the pace it has in the past. This is one big benefit of holding a total market fund or a small/mid-cap fund - you are invested in these stocks before th...
by jeffyscott
Thu May 16, 2019 9:08 am
Forum: Investing - Theory, News & General
Topic: Amazon....we all have seen this before :)
Replies: 62
Views: 8788

Re: Amazon....we all have seen this before :)

The internet tells me Amazon started in 1994, so I think comparisons to dominant retailers of the past, should go back to something like 25 years after they started, so that's Sears from 1918, Walmart from 1987. Amazon is not just a retailer, for example isn't Amazon web services the big profit cent...
by jeffyscott
Thu May 16, 2019 8:37 am
Forum: Investing - Theory, News & General
Topic: Vanguard Long Term Bond Index to charge 0.50% fee on purchases
Replies: 64
Views: 5651

Re: Vanguard Long Term Bond Index to charge 0.50 fee on purchases

Average spread of BLV and VCLT is 0.03%. Maybe recently , but it varies and has often been two or even three times that level. Hence the use of the term average . Vanguard reports the average spread at 0.03%, here: https://institutional.vanguard.com/VGApp/iip/site/institutional/investments/bidasksp...