Search found 494 matches

by Jeff Albertson
Thu Jul 19, 2018 4:21 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 73
Views: 4751

Re: Invest in Tesla?

WSJ (Dan Neil) has glowing review of the 450 hp performance version of the Model 3. The article is unlocked, at least I didn't need a password. "First Test Drive of the Tesla Model 3 Performance: A Thrilling, Modern Marvel" https://www.wsj.com/articles/first-ever-review-of-the-tesla-model-3-performa...
by Jeff Albertson
Thu Jul 12, 2018 8:07 am
Forum: Investing - Theory, News & General
Topic: Advocating to not index
Replies: 28
Views: 3396

Re: Advocating to not index

Larry Swedroe adds - The basic argument of these and other critiques is that the popularity of indexing (and the broader category of passive investing) is distorting prices as fewer shares are traded by investors performing the act of “price discovery.” Let’s examine the validity of such claims. htt...
by Jeff Albertson
Wed Jul 11, 2018 7:03 am
Forum: Investing - Theory, News & General
Topic: Advocating to not index
Replies: 28
Views: 3396

Re: Advocating to not index

If those non-indexers don't have special information, they might be making things less efficient. The Buttonwood columnist seems to agree. Yet if more people are buying the index, might the market become less efficient? And might that, in turn, create opportunities for the very stockpickers who Sam...
by Jeff Albertson
Mon Jul 09, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: Opticians: is there any difference in quality of Costco glasses?
Replies: 70
Views: 84350

Re: Opticians: is there any difference in quality of Costco glasses?

check the interview at time 13:45 minutes:
https://www.bbc.co.uk/programmes/w3cswgkn
says Dean Butler:
- profit margins are huge, that why I got into the business
- cost of lenses is only about 8% of what is charged at retail,
- cost to manufacture is about 20 U.S. cents per lens.
by Jeff Albertson
Mon Jul 09, 2018 4:40 pm
Forum: Personal Consumer Issues
Topic: Opticians: is there any difference in quality of Costco glasses?
Replies: 70
Views: 84350

Re: Opticians: is there any difference in quality of Costco glasses?

The primary reason eyeglasses cost so much in the U.S. is because one company dominates the entire industry. https://en.wikipedia.org/wiki/Luxottica and you thought Luxottica had too much of the market, wait, it does get worse A Spectacular Merger Business Daily Two companies dominate the global ey...
by Jeff Albertson
Fri Jul 06, 2018 12:11 pm
Forum: Personal Consumer Issues
Topic: Coffee Grinder recommendations
Replies: 56
Views: 2925

Re: Coffee Grinder recommendations

from thewirecutter review site: After more than 65 hours of research and hands-on grinding over the past two years, we think the uber-consistent, no-frills Baratza Encore is the best grinder for most people. It reliably delivers the high-quality grind needed to make a great cup of coffee at a practi...
by Jeff Albertson
Thu Jul 05, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: History of U.S. Dividends & Share Buybacks, 1871-2017
Replies: 32
Views: 2104

Re: History of U.S. Dividends & Share Buybacks, 1871-2017

Buybacks defer taxes as compared to dividends. Maybe a more important reason buybacks are so popular is that CEO pay is frequently tied to stock price. It's an easy choice for a CEO to make, higher bonus or not?
by Jeff Albertson
Tue Jun 26, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: IRS publishes draft 2018 1040 - Huge changes made
Replies: 156
Views: 16504

Re: IRS publishes draft 2018 1040 - Huge changes made

Glockenspiel wrote:
Tue Jun 26, 2018 2:29 pm
Such a PR stunt. There's no reason to truly try to fit it on a postcard-sized sheet of paper. "Look! We made taxes far more simple!" In reality, taxes are still just as complicated as they were before.
Exactly, lipstick on a pig. An attempt to reduce the unpopularity of recent changes.
by Jeff Albertson
Tue Jun 26, 2018 9:39 am
Forum: Investing - Theory, News & General
Topic: Is there a way to avoid bad companies in S&P 500?
Replies: 92
Views: 4582

Re: Is there a way to avoid bad companies in S&P 500?

Will Rogers figured this out:
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.
by Jeff Albertson
Mon Jun 25, 2018 8:02 pm
Forum: Investing - Theory, News & General
Topic: Small company effect is overstated due to flawed dataset
Replies: 12
Views: 1671

Re: Small company effect is overstated due to flawed dataset

In a related post, The key point with this chart is that US small cap stocks are trading at the most expensive valuations on record (and materially higher vs large caps). Everyone, join the crowd & let's factor! https://static.wixstatic.com/media/542496_5555ec18c4ef424996b728ba9420cb67~mv2.png/v1/fi...
by Jeff Albertson
Mon Jun 25, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Charity giving how much? How much do other retirees give?
Replies: 44
Views: 3957

Re: Charity giving how much? How much do other retirees give?

An interesting episode of BBC Business Daily today, a discussion of 'effective altruism'. How to Give When it comes to charitable giving should we be ruled by our hearts or our minds? Is it better, for example, to give $100 to buy mosquito nets for dozens of families or should that money go towards ...
by Jeff Albertson
Fri Jun 22, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: Is technology the reason for low inflation?
Replies: 57
Views: 3322

Re: Is technology the reason for low inflation?

Not easy reading, but Larry Summers has a related article here: https://www.brookings.edu/research/why-the-fed-needs-a-new-monetary-policy-framework/amp/?__twitter_impression=true On the other hand there are compelling reasons to believe that the risks of deflation have increased. First, the world h...
by Jeff Albertson
Sun Jun 17, 2018 4:47 pm
Forum: Investing - Theory, News & General
Topic: Basic Inflation Questions
Replies: 21
Views: 1177

Re: Basic Inflation Questions

You'd probably do best by going to the source:
They have a lot of information there that answers your questions.
by Jeff Albertson
Sat Jun 16, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: Factor-based strategy is better (winer), OK. then who are the losers?
Replies: 55
Views: 2637

Re: Factor-based strategy is better (winer), OK. then who are the losers?

Those into the factor fad might enjoy this article from UChicago Booth, "The 300 secrets to high stock returns" http://review.chicagobooth.edu/finance/2018/article/300-secrets-high-stock-returns There’s a cycle in the finance world whereby good ideas become products, which sell well and spur demand ...
by Jeff Albertson
Thu Jun 14, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: Living Abroad - Who's done it?
Replies: 52
Views: 4914

Re: Living Abroad - Who's done it?

You should look for ex-pat forums for the locations you're interested in. For example, here's one for Germany -
by Jeff Albertson
Thu Jun 07, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9819

Re: Yes, you can diversify a market portfolio

Might be more important to diversify a U.S. based portfoilio, especially compared to a European one.
Image
by Jeff Albertson
Thu May 31, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: steel cut oats in bulk
Replies: 50
Views: 4195

Re: steel cut oats in bulk

I've bought 54 oz. bags at Big Lots. I'm rarely in those stores, but I'm guessing it's only periodically available.
by Jeff Albertson
Fri May 18, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Bogle featured in Barrons cover story
Replies: 38
Views: 3793

Bogle featured in Barrons cover story

This Barron's cover story wasn't locked when I accessed it.
"Jack Bogle’s Battle"
https://www.barrons.com/articles/jack-b ... 1526674385
As you would expect, a lot of really dumb questions, like "Have you created a monster with index funds?"
by Jeff Albertson
Fri May 11, 2018 2:21 pm
Forum: Personal Consumer Issues
Topic: buying new laptops
Replies: 19
Views: 2172

Re: buying new laptops

by Jeff Albertson
Thu May 10, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Experian will not lift security freeze with PIN
Replies: 15
Views: 2838

Re: Experian will not lift security freeze with PIN

Regarding credit freezes in general, you may want to look at Brian Krebs latest article: I spent a few days last week speaking at and attending a conference on responding to identity theft. The forum was held in Florida, one of the major epicenters for identity fraud complaints in United States. One...
by Jeff Albertson
Tue May 01, 2018 5:42 pm
Forum: Personal Consumer Issues
Topic: Any Instant Pot users here?
Replies: 103
Views: 12602

Re: Any Instant Pot users here?

Amazon currently has a free Instant Pot cookbook, in Kindle format.

Instant Pot Cookbook: The Ultimate Guide Plus 101 Delicious Recipes
https://www.amazon.com/Instant-Pot-Cook ... net+chapin
by Jeff Albertson
Tue May 01, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: Happy #43 Birthday Vanguard!
Replies: 3
Views: 328

Happy #43 Birthday Vanguard!

A remarkable history: 1975 Vanguard begins operations on May 1 as a new kind of firm, with John C. Bogle at the helm. It opens with 11 funds (including Wellington Fund) and $1.8 billion in net assets. https://about.vanguard.com/who-we-are/a-remarkable-history/ h/t: https://twitter.com/ritholtz/statu...
by Jeff Albertson
Sun Apr 22, 2018 4:16 pm
Forum: Investing - Theory, News & General
Topic: Gotham Enhanced Value Index
Replies: 21
Views: 4133

Re: Gotham Enhanced Value Index

Not one of them is still in operation. They appear to still be open, unless the funds have closed in the last month. https://www.gothamfunds.com/performance.aspx edit: There was a merger around 2013 of ' Formula Investing' funds & Gotham. We are pleased to announce the upcoming merger of Formula In...
by Jeff Albertson
Sun Apr 22, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: Gotham Enhanced Value Index
Replies: 21
Views: 4133

Re: Gotham Enhanced Value Index

Barry Ritholtz interviewed Greenblatt on this weekend's Bloomberg Masters in Business (1h 16min). http://ritholtz.com/2018/04/transcript-joel-greenblatt/ RITHOLTZ: This week on the podcast, what can I say? Joel Greenblatt, he is Wall Street royalty, he’s a legend in the hedge fund and mutual fund wo...
by Jeff Albertson
Wed Apr 11, 2018 6:54 pm
Forum: Investing - Theory, News & General
Topic: Financial Forecast Center
Replies: 2
Views: 538

Re: Financial Forecast Center

... but can they compete with the professionals?
https://www.youtube.com/watch?v=oxopPDMq7rs
by Jeff Albertson
Wed Apr 11, 2018 8:28 am
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5992

Re: Retirees: Who's increasing their equities as they age?

William Bernstein discussed the Pfau and Kitces study in a 2014 WSJ article, "How to Think About Risk in Retirement" (available to non-subscribers). https://www.wsj.com/articles/how-to-think-about-risk-in-retirement-1417408070 People become bullish during a long bull market. You may be better off re...
by Jeff Albertson
Thu Apr 05, 2018 6:38 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein, new podcast
Replies: 56
Views: 6501

Re: Bill Bernstein, new podcast

Zvi Bodie says stocks get riskier with time, not less risky. With a PhD in Economics from MIT, i'm going to trust he's not mistaken. MIT is not a top school in economics. According this list https://www.topuniversities.com/university-rankings-articles/university-subject-rankings/top-universities-ec...
by Jeff Albertson
Wed Apr 04, 2018 8:35 am
Forum: Investing - Theory, News & General
Topic: Boglehead-approved personal finance podcasts?
Replies: 27
Views: 4052

Re: Boglehead-approved personal finance podcasts?

Agree with others, Bloomberg's 'Masters in Business'. Previous guests: John Bogle Bogleheads: Larry Swedroe & Rick Ferri Vanguard chiefs & directors: Bill McNabb, Jack Brennan, Charlie Ellis & Burton Malkiel Nobel laureates: Paul Krugman, Robert Shiller & Richard Thaler, and occasionally guests like...
by Jeff Albertson
Wed Mar 28, 2018 6:55 pm
Forum: Investing - Theory, News & General
Topic: Why is Berkshire Hathaway classified as a Growth stock?
Replies: 19
Views: 2072

Re: Why is Berkshire Hathaway classified as a Growth stock?

Bloomberg has an interesting article on Todd Combs, one of the investment managers at Berkshire Hathaway. He's also leading their health care push with Amazon & JPM. https://www.bloomberg.com/news/articles/2018-03-27/what-do-bezos-buffett-and-dimon-have-in-common-meet-todd-combs In 2000, Combs start...
by Jeff Albertson
Mon Mar 26, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: Whence S&P500 Return past 10 years?
Replies: 17
Views: 2732

Re: Whence S&P500 Return past 10 years?

Excellent post, thanks!
by Jeff Albertson
Fri Mar 23, 2018 3:19 pm
Forum: Personal Consumer Issues
Topic: Coffee maker recommendations
Replies: 41
Views: 3069

Re: Coffee maker recommendations

Sounds like this is what you need, 'Coffee to the Home'
https://www.youtube.com/watch?v=U2JBFlW--UU
by Jeff Albertson
Thu Mar 22, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: CAPE in the Context of Real Rates & Inflation, 1880-2018
Replies: 37
Views: 4076

Re: CAPE in the Context of Real Rates & Inflation, 1880-2018

The current Economist Buttonwood column also references a paper from Research Affiliates, "CAPE Fear: why CAPE Naysayers are Wrong". https://www.economist.com/sites/default/files/imagecache/640-width/images/print-edition/20180324_FNC142.png America’s ratio is 32.8, whereas Canada is trading on a CAP...
by Jeff Albertson
Sun Mar 18, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block vs TurboTax (spoiler: HRB is awful)
Replies: 70
Views: 7023

Re: H&R Block vs TurboTax (spoiler: HRB is awful)

I got tired of all the games turbotax was playing. Every couple of years, additional cost for basic features. I've reluctantly used hr block the last two years. Both intuit and block have lobbied hard (spent millions) to prevent the IRS from sending taxpayers pre-filled forms. Ex-Washington Post cor...
by Jeff Albertson
Sun Mar 18, 2018 1:58 pm
Forum: Personal Consumer Issues
Topic: 2018 Forester vs CRV vs RAV4
Replies: 130
Views: 14257

Re: 2018 Forester vs CRV vs RAV4

PBS Motorweek & cars.com compared several compact suv's:
http://www.motorweek.org/reviews/compar ... -challenge
Their choice: Volkswagen Tiguan. They didn't test the Rav4 or Forester.
by Jeff Albertson
Tue Mar 13, 2018 7:33 pm
Forum: Personal Consumer Issues
Topic: Backpacking in Guatemala and El Salvador?
Replies: 31
Views: 3022

Re: Backpacking in Guatemala and El Salvador?

The State Dept. provides advice: https://travel.state.gov/content/travel/en/traveladvisories/traveladvisories/guatemala-travel-advisory.html Reconsider travel to Guatemala due to crime. Violent crime, such as sexual assault, carjacking, armed robbery, and murder, is common. Gang activity, such as ex...
by Jeff Albertson
Fri Mar 09, 2018 7:33 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 719
Views: 78246

Re: Netflix, Your Current Favorite Show

David Chang's Ugly Delicious (with guest appearances by David Choe) , 8 one-hour episodes https://www.netflix.com/title/80170368 All the flavor. None of the BS. Star chef David Chang leads friends on a mouthwatering, cross-cultural hunt for the world's most satisfying grub. Starring: David Chang, Pe...
by Jeff Albertson
Fri Mar 09, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: Vanguard New Factor Funds Portfolio Statistics
Replies: 178
Views: 21794

Re: Vanguard New Factor Funds Portfolio Statistics

Bloomberg does a similar comparison between Vanguard's value etf with the new factor value etf.
https://www.bloomberg.com/gadfly/articl ... ld-save-it
by Jeff Albertson
Fri Mar 09, 2018 10:24 am
Forum: Personal Consumer Issues
Topic: Flight to Paris etc
Replies: 33
Views: 3549

Re: Flight to Paris etc

If you like museums, gardens, and architecture, get the Eyewitness guide to Paris. Rick Steves doesn't talk much about cultural things. I agree: pickpockets are everywhere and the metro is very easy to use. Drop any diet: the food is fabulous! Mr Steves would agree about the pickpockets, https://bl...
by Jeff Albertson
Tue Feb 27, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: TSP fails secuity audit
Replies: 19
Views: 3135

Re: TSP fails secuity audit

This article is 10 years old, so policy may have changed since then. https://www.marketwatch.com/story/federal-savings-plan-not-responsible-for-some-online-theft Federal savings plan: not responsible for some online theft Hackers withdrew about $35,000 from 23 individual TSP accounts in late Decembe...
by Jeff Albertson
Tue Feb 27, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Euro denominated ETF portfolio
Replies: 7
Views: 439

Re: Euro denominated ETF portfolio

The duration of most government bond markets is c 9 years or less (UK is the striking exception-- more like 13 years, from memory) and so a rise in interest rates will also mean an improvement in yield, going forward, which will likely mean price fall is recouped before the money is needed. https:/...
by Jeff Albertson
Thu Feb 22, 2018 6:20 pm
Forum: Investing - Theory, News & General
Topic: I'm thinking about buying some real estate to diversify my virtual wealth - agree?
Replies: 17
Views: 1569

Re: I'm thinking about buying some real estate to diversify my virtual wealth - agree?

from the Economist - BONDS, shares and Treasury bills are all very well, but in the end they are just pieces of paper. They are not assets you can hang on the wall or display to admiring neighbours. Many rich people like to invest their wealth in more tangible form; property, of course, but also col...
by Jeff Albertson
Wed Feb 21, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: philosophicaleconomics predicts 4% real equity returns
Replies: 152
Views: 11420

Re: philosophicaleconomics predicts 4% real equity returns

FWIW, the Economist's Philip Coggan also estimates 4% real, 6% nominal, at most (assumes there is no valuation downgrade for equities). https://www.economist.com/blogs/buttonwood/2018/02/long-term-investing The current dividend yield on the global market is around 2.5%. It seems unwise to assume any...
by Jeff Albertson
Fri Feb 16, 2018 6:17 pm
Forum: Personal Consumer Issues
Topic: World Travelers: What's the local economy look like?
Replies: 12
Views: 1586

Re: World Travelers: What's the local economy look like?

For many funds, financial institutions, and wealthy individuals, the perception is that the world’s financial centers are the places to be. After all, world-class cities like New York, London, and Hong Kong will never go out of style, and their extremely robust and high-density city centers limit t...
by Jeff Albertson
Tue Feb 13, 2018 6:56 pm
Forum: Investing - Theory, News & General
Topic: In plain English, please explain what was VIX, what happened to it and why?
Replies: 68
Views: 6499

Re: In plain English, please explain what was VIX, what happened to it and why?

see 'The Indicator from Planet Money', Feb 12, 'Fear: The Index', (podcast, 7:15)
https://www.npr.org/podcasts/510325/the ... anet-money

(Wish Cardiff Garcia was still doing the FT's Alphachat podcast. His talents are way under-used at Planet Money)
by Jeff Albertson
Mon Feb 05, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: TSM believers, defend thyself! (In a good natured, friendly debate.)
Replies: 59
Views: 6929

Re: TSM believers, defend thyself! (In a good natured, friendly debate.)

Look at the evidence. Big endowments can employ the best & brightest to manage their money. The average 'factor investor' is unlikely to have even a fraction of the skills and resources available to him compared to a big endowment manager. The most recent results are through fiscal year end June 201...