Search found 9122 matches

by JoMoney
Tue May 26, 2020 11:19 pm
Forum: Investing - Theory, News & General
Topic: 40m Unemployment Claims - I Don’t Understand Why Markets Seem To Not Care
Replies: 26
Views: 2418

Re: 40m Unemployment Claims - I Don’t Understand Why Markets Seem To Not Care

Stranger to me than the market not being relatively lower, is how many people seem upset that it's not.
by JoMoney
Tue May 26, 2020 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Amica Dividend - what's the catch?
Replies: 5
Views: 558

Re: Amica Dividend - what's the catch?

Amica is a mutual insurance company, if you're a policy holder you're an owner.
The "catch", for me, is my insurance has been cheaper elsewhere even after potential rebate/dividend.
by JoMoney
Tue May 26, 2020 6:45 pm
Forum: Investing - Theory, News & General
Topic: STT+LTT vs Intermediate Treasuries?
Replies: 4
Views: 338

Re: STT+LTT vs Intermediate Treasuries?

FWIW, a 50/50 mix of STT & LTT likely creates a portfolio with higher 'duration' than a ITT portfolio. Looking at some Vanguard funds VUSTX (Long-term Treasury) duration: 18.5 years VFISX (Short-term treasury) duration: 2.2 years VFITX (Intermediate treasury): 5.1 years Going back to your PV link, a...
by JoMoney
Tue May 26, 2020 3:10 pm
Forum: Personal Investments
Topic: Should I lump sum some money today?
Replies: 12
Views: 1200

Re: Should I lump sum some money today?

If you're going to be an active investor, I don't think asking the Internet is a good way to go about that.
If you're going to be a passive investor, I think you need to come up with a plan and stick with it.
by JoMoney
Tue May 26, 2020 9:28 am
Forum: Investing - Theory, News & General
Topic: [implications of] Delisting Chinese stocks?
Replies: 18
Views: 776

Re: Delisting Chinese stocks

I think the reason for delisting would be the failure to comply with the Sarbanes-Oxley Act. The problem with hypothetical situations, is we can create an infinite amount of scenarios. As a group of stocks, I don't know that any of them let alone all of them aren't complying. One of the big issues ...
by JoMoney
Tue May 26, 2020 9:10 am
Forum: Investing - Theory, News & General
Topic: [implications of] Delisting Chinese stocks?
Replies: 18
Views: 776

Re: Delisting Chinese stocks

Thanks @JoMoney for the responses. If a stock gets moved to some other exchange, would this exchange be accessible to Main Street investors for buying / selling through traditional brokerage like Fido, TD etc. ? It would depend on specifics like which exchange and which broker. Interactive Brokers ...
by JoMoney
Tue May 26, 2020 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Worst House on the best block?
Replies: 48
Views: 3548

Re: Worst House on the best block?

Yes, worst house in the best neighborhood is preferable to the opposite.
The three most important things in real estate "location, location, location" ...
by JoMoney
Tue May 26, 2020 8:54 am
Forum: Investing - Theory, News & General
Topic: [implications of] Delisting Chinese stocks?
Replies: 18
Views: 776

Re: Delisting Chinese stocks

Thanks @JoMoney for the responses. If a stock gets moved to some other exchange, would this exchange be accessible to Main Street investors for buying / selling through traditional brokerage like Fido, TD etc. ? It would depend on specifics like which exchange and which broker. Interactive Brokers ...
by JoMoney
Tue May 26, 2020 8:40 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5641
Views: 483032

Re: U.S. stocks continue to soar!

dziuniek wrote:
Tue May 26, 2020 8:38 am
I watch the market daily, why the heck not? Especially now, working form home and all.

Watching and commenting on it are not the same as trading on this thread daily :)

Go stonks* !
I enjoy watching CNBC... I don't act on any of it.

:sharebeer Go "stonks" ! :confused :mrgreen:
by JoMoney
Tue May 26, 2020 8:39 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5641
Views: 483032

Re: U.S. stocks continue to soar!

I just looked at a few of the thousands of posts here. Is this the BH day trading thread? No. No such thing. .... The "free fall" thread sometimes looks that way. In this thread I think most of the posts are tongue-in-cheek, and mostly buy and holders. There is one regular poster in here does seem ...
by JoMoney
Tue May 26, 2020 8:32 am
Forum: Investing - Theory, News & General
Topic: [implications of] Delisting Chinese stocks?
Replies: 18
Views: 776

Re: Delisting Chinese stocks

Yes, hypothetical question. Normally an unhealthy stock gets delisted. But what if a healthy stock gets delisted from an US exchange, what happens to the stocks / money ? Yes, in my mind, BABA is a Chinese stock. If it's de-listed, you would still own the "stock" (or whatever it is). It just wouldn...
by JoMoney
Tue May 26, 2020 8:26 am
Forum: Investing - Theory, News & General
Topic: [implications of] Delisting Chinese stocks?
Replies: 18
Views: 776

Re: Delisting Chinese stocks

Is this hypothetical? [OT comment removed by moderator prudent] There are some interesting questions as it is, with regard to what qualifies as a "Chinese stock". Is Alibaba a Chinese stock? The stock that trades in the U.S. market is incorporated in the Cayman Islands... and doesn't really represen...
by JoMoney
Tue May 26, 2020 8:23 am
Forum: Personal Investments
Topic: How do you retire early if your money is tied up in tax deferred?
Replies: 26
Views: 3499

Re: How do you retire early if your money is tied up in tax deferred?

^ FWIW, if allowed in your 401k plan, making after-tax (non roth) contributions that can be rolled over to a roth IRA i.e. "Mega backdoor roth", can be a way to beef up roth funds available for withdrawal to kick-start an early withdrawal ladder.
by JoMoney
Tue May 26, 2020 7:31 am
Forum: Personal Investments
Topic: How do you retire early if your money is tied up in tax deferred?
Replies: 26
Views: 3499

Re: How do you retire early if your money is tied up in tax deferred?

Along with the other methods mentioned, if the money is in a 401k specifically, if you reach age 55 and retire you can usually withdraw early (the age 55 rule is unique specifically to 401ks). Although other methods to avoid the penalty are preferable, you could simply just withdraw the money knowin...
by JoMoney
Mon May 25, 2020 11:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5641
Views: 483032

Re: U.S. stocks continue to soar!

... well, S&P futures broke 3,000...
by JoMoney
Mon May 25, 2020 9:04 pm
Forum: Investing - Theory, News & General
Topic: Fractional Investing
Replies: 18
Views: 1066

Re: Fractional Investing

For Bogleheads, it allows ETFs to function more like mutual funds, so one does not have to wait to purchase full shares. The old "ShareBuilder" brokerage was much better at doing that. It did fractional shares, and allowed someone to create a 'portfolio' of stocks or ETFs too be purchased on the re...
by JoMoney
Mon May 25, 2020 8:34 pm
Forum: Investing - Theory, News & General
Topic: Fractional Investing
Replies: 18
Views: 1066

Re: Fractional Investing

is there a reason you want to buy individual stocks (albeit, fractional shares of individual stocks) instead of more diversified no-load index mutual funds? Are they going to have Fractional Shares of Index Funds? Yes, and that's not new. It's always been the case that you buy open-end mutual funds...
by JoMoney
Mon May 25, 2020 8:28 pm
Forum: Non-US Investing
Topic: ESG Investing Possible Downside?
Replies: 7
Views: 484

Re: ESG Investing Possible Downside?

You should expect "tracking error" relative to the indices the fund isn't supposed to track. Undoubtedly there will be times to the "downside", and sometimes to the upside. Since there are fewer stocks it can invest in, it will be a more narrow range of holdings, and if that particular style gets po...
by JoMoney
Mon May 25, 2020 6:33 pm
Forum: Investing - Theory, News & General
Topic: "The stocks are up but the economy's down"--good "Indicator" podcast episode
Replies: 14
Views: 2088

Re: "The stocks are up but the economy's down"--good "Indicator" podcast episode

I like it, a good visual analogy.

But some Jack Russell Terriers can run far off if something catches their eye and 'prey' instincts. I want a market dog that's prone to more herding and doesn't stray too far off :mrgreen:
by JoMoney
Mon May 25, 2020 3:20 pm
Forum: Investing - Theory, News & General
Topic: Thoughts & Questions on the Vanguard Extended Duration Treasury ETF
Replies: 16
Views: 909

Re: Thoughts & Questions on the Vanguard Extended Duration Treasury ETF

The duration of EDV is something like 24.5 years If interest rates rise 2%, this fund will drop close to 50% in value. This fund invests in zero-coupon bonds, which help to give it the really high relative duration compared to a portfolio of long-term coupon paying bonds... If someone needs to creat...
by JoMoney
Mon May 25, 2020 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Re: High yield savings account (opening one for first time)
Replies: 14
Views: 952

Re: High yield savings account (opening one for first time)

If you make debit card transactions, you may want to consider a "Reward Checking" account For example, All American - RedNeck Bank offers a rewards checking account that +Pays 1.6% APR on balance up to $10,000 +Refunds up to $25 in other bank ATM fees each month - ... it does require 10 debit charge...
by JoMoney
Mon May 25, 2020 2:01 pm
Forum: Forum Issues and Administration
Topic: How search a two-word phrase?
Replies: 7
Views: 589

Re: How search a two-word phrase?

Yes, as mentioned putting a phrase in quotes when using google (or other search engine) will search for those precise words in that order. Searching for site:bogleheads.org "a two-word phrase" will result in pretty much just this thread showing up site:bogleheads.org a two-word phrase without the qu...
by JoMoney
Mon May 25, 2020 11:02 am
Forum: Personal Investments
Topic: SEPP calculation - Fixed annuitization Method - annuity factor ?
Replies: 7
Views: 342

Re: SEPP calculation - Fixed annuitization Method - annuity factor ?

OP, I know it doesn't help with the specific math/formula question for 'annuitization method', maybe one of the math wizards will chime in on that, but like I said, I just ignore that method for not being useful for any purpose to me. But if you're considering early retirement withdrawals, I would a...
by JoMoney
Mon May 25, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Worried about sibling financial future
Replies: 31
Views: 3927

Re: Worried about sibling financial future

I've known people who managed their entire life never having more than the next few days worth of expenses (or even in perpetual debt). Some of them seemed quite happy in their personal situation. They certainly never "worried" about what the stock market was doing, liability 'umbrella' insurance po...
by JoMoney
Mon May 25, 2020 10:21 am
Forum: Investing - Theory, News & General
Topic: Thoughts & Questions on the Vanguard Extended Duration Treasury ETF
Replies: 16
Views: 909

Re: Thoughts & Questions on the Vanguard Extended Duration Treasury ETF

I would not own this fund. My expectation (although I've been wrong) is for interest rates to rise, and this fund will do especially poorly if interest rates go up. It's an extremely volatile fund. It is more volatile than a stock market fund. Vanguard explicitly cautions: https://investor.vanguard....
by JoMoney
Mon May 25, 2020 10:07 am
Forum: Investing - Theory, News & General
Topic: Which investor is bullish?
Replies: 14
Views: 1386

Re: Which investor is bullish?

Warren Buffett repeated his advice to most U.S. investors just a couple weeks ago, and it hasn't changed. I don't think any investor worth listening to is talking about what the stock market is doing "today". Yes, there are headwinds, uncertainty, and a lot of risk going forward... but that's always...
by JoMoney
Mon May 25, 2020 9:52 am
Forum: Investing - Theory, News & General
Topic: Will the US become like Japan?
Replies: 68
Views: 4961

Re: Will the US become like Japan?

If a person bought at today's levels and the cape dropped to 16.71 and stayed there, they'd still get a 8.7% return? That surprises me. (I don't follow your math because, er, I'm not so bright, I guess.) If stocks would return 10% if CAPE remained the same, then the impact of CAPE slowly dropping t...
by JoMoney
Mon May 25, 2020 9:33 am
Forum: Investing - Theory, News & General
Topic: Will the US become like Japan?
Replies: 68
Views: 4961

Re: Will the US become like Japan?

... When you think about a reasonable worst case scenario for the U.S., what is it? How about this scenario: The U.S. cape ratio, which is currently 27.78, reverts back to its historical mean of 16.71, and stays there for 40 years. Does this go too far? Not far enough? (I'm asking about a reasonabl...
by JoMoney
Mon May 25, 2020 9:17 am
Forum: Personal Investments
Topic: SEPP calculation - Fixed annuitization Method - annuity factor ?
Replies: 7
Views: 342

Re: SEPP calculation - Fixed annuitization Method - annuity factor ?

For what it's worth, I've always just ignored the 'fixed annuitization method'. When I've used SEPP 72t calculators like https://www.dinkytown.net/java/72t-calculator.html The 'annuitization menthod' tends to be close to, but slightly lower than, the 'fixed amortization method'. I have a formula for...
by JoMoney
Mon May 25, 2020 9:06 am
Forum: Investing - Theory, News & General
Topic: Will the US become like Japan?
Replies: 68
Views: 4961

Re: Will the US become like Japan?

... When you think about a reasonable worst case scenario for the U.S., what is it? How about this scenario: The U.S. cape ratio, which is currently 27.78, reverts back to its historical mean of 16.71, and stays there for 40 years. Does this go too far? Not far enough? (I'm asking about a reasonabl...
by JoMoney
Sun May 24, 2020 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card perks besides cash/points?
Replies: 19
Views: 1526

Re: Best credit card perks besides cash/points?

Several airline cards will get you perks like earlier boarding, and first checked bagged free.
Many retailers offer cards that discount purchases (but I suppose that's equivalent to cash/points)...
by JoMoney
Sun May 24, 2020 9:14 am
Forum: Investing - Theory, News & General
Topic: What's your take on the risk that authorities might ban private ownership of gold?
Replies: 9
Views: 968

Re: Feeling very axious after this reading a Bloomberg article: should I sell?

Copy of article: http://archive.is/6CoaE A similar thread was already locked, this type of speculating about theoretical future laws isn't really allowed. I have no idea why you bought/own gold in the first place. It's not something I would own unless I had some use for it. I don't know what you use...
by JoMoney
Sun May 24, 2020 8:10 am
Forum: Investing - Theory, News & General
Topic: The Taleb Asness 'debate' in the light of Bogleheads philosophy
Replies: 146
Views: 6967

Re: The Taleb Asness 'debate' in the light of Bogleheads philosphy

.... yes but the point is that the 3.33% to Universa has huge payoff precisely when the S&P 500 is in trouble; as such it is a hedge and mitigates the risk of the whole portfolio. https://www.bloomberg.com/news/articles/2020-04-08/taleb-advised-universa-tail-risk-fund-returned-3-600-in-march It did...
by JoMoney
Sun May 24, 2020 7:58 am
Forum: Investing - Theory, News & General
Topic: The Taleb Asness 'debate' in the light of Bogleheads philosophy
Replies: 146
Views: 6967

Re: The Taleb Asness 'debate' in the light of Bogleheads philosphy

... The Larry portfolio is probably the closest I have seen on Bogleheads to this: In The Black Swan , Taleb defines a prudent investment approach as a barbell: 90% the safest possible investments, e.g., inflation adjusted Federal bonds 10% highly speculative investments with a large upside. Intere...
by JoMoney
Sun May 24, 2020 7:54 am
Forum: Investing - Theory, News & General
Topic: Can Taleb's risk mitigation strategy be implemented by retail investors (if so how)?
Replies: 27
Views: 1944

Re: Can Taleb's risk mitigation strategy be implemented by retail investors (if so how)?

Probably not, at least according to them there's something proprietary going on there that did better than competing strategies: https://www.institutionalinvestor.com/article/b1l3mc0vs25szy/If-You-Used-This-Hedging-Strategy-You-d-Be-Sleeping-at-Night-Right-Now ...In March, the Standard & Poor’s 500 ...
by JoMoney
Sun May 24, 2020 7:25 am
Forum: Investing - Theory, News & General
Topic: The Taleb Asness 'debate' in the light of Bogleheads philosophy
Replies: 146
Views: 6967

Re: The Taleb Asness 'debate' in the light of Bogleheads philosphy

... The Larry portfolio is probably the closest I have seen on Bogleheads to this: In The Black Swan , Taleb defines a prudent investment approach as a barbell: 90% the safest possible investments, e.g., inflation adjusted Federal bonds 10% highly speculative investments with a large upside. Intere...
by JoMoney
Sat May 23, 2020 8:48 pm
Forum: Personal Investments
Topic: Does it make sense to exclude China from portfolio and/or EM
Replies: 18
Views: 1084

Re: Does it make sense to exclude China from portfolio and/or EM

Yes, not holding 'Emerging Markets' to avoid China is the easiest way to do that at Vanguard.
by JoMoney
Sat May 23, 2020 8:39 pm
Forum: Investing - Theory, News & General
Topic: Portfolios: 1 Fund, 2 Fund, 3 Fund or 4 Fund?
Replies: 59
Views: 2842

Re: Portfolios: 1 Fund, 2 Fund, 3 Fund or 4 Fund?

I have a couple different accounts at different places, but I just use a S&P 500 index fund in all of them. Is that a 1 Fund, or do I count each different fund company's index fund as a different fund? I also have some U.S. Savings Bonds, and high-yield savings account... but those aren't funds ... ...
by JoMoney
Sat May 23, 2020 8:01 pm
Forum: Personal Investments
Topic: Does it make sense to exclude China from portfolio and/or EM
Replies: 18
Views: 1084

Re: Does it make sense to exclude China from portfolio and/or EM

....I am certain many companies that are in the European and Pacific Stock Indexes as well as the Vanguard Developed Markets Index conduct business with China. So have I really cut China out of my portfolio or have I cut most of it out while completely cutting out EM? Not just the 'Developed Market...
by JoMoney
Sat May 23, 2020 7:27 pm
Forum: Personal Consumer Issues
Topic: Mobile scanner: Why not?
Replies: 16
Views: 1151

Re: Mobile scanner: Why not?

Why do you need a scanner? Load an app to your Android or iPhone if it's just a few pages. :thumbsup I did this for quite a while. Worked surprisingly well. If you use Google Drive, the app has a built in 'scan to pdf' function. Just snap a picture of the document and it will let you crop out anyth...
by JoMoney
Sat May 23, 2020 6:09 pm
Forum: Investing - Theory, News & General
Topic: Questions based on Graham's book
Replies: 11
Views: 701

Re: Questions based on Graham's book

Benjamin Graham would likely tell you to just buy a low cost broad market index fund:

https://jasonzweig.com/would-benjamin-g ... dex-funds/
and
https://jasonzweig.com/another-note-on- ... dex-funds/
by JoMoney
Sat May 23, 2020 10:00 am
Forum: Personal Consumer Issues
Topic: Hertz is declaring bankruptcy
Replies: 66
Views: 6482

Re: Hertz is declaring bankruptcy

Hertz is declaring bankruptcy. What does that mean if one has a rental reserved for later in the year? Will it be honored? Will a refund be given? Does anyone have experience with this? Hertz has several brands that it owns, including of course Hertz, and also Dollar, Thrifty, and others. https://w...
by JoMoney
Sat May 23, 2020 9:57 am
Forum: Personal Consumer Issues
Topic: Hertz is declaring bankruptcy
Replies: 66
Views: 6482

Re: Hertz is declaring bankruptcy

If you pre-paid you might have a problem. Otherwise, I've never heard of any kind of fee related to canceling a rental car reservation. Even if they go bankrupt, I would wager the company/brand and it's remaining assets will re-emerge as a functioning rental car company (just without the debt, and w...
by JoMoney
Sat May 23, 2020 9:35 am
Forum: Personal Investments
Topic: CIT and Rollover
Replies: 5
Views: 248

Re: CIT and Rollover

... Does this mean that they cannot rolled over "in kind" only? ... Yes. They can't be transferred "in kind", likely can't even be purchased outside of a workplace retirement account that is setup like a trust. You wouldn't be able to hold a CIT in a brokerage account. They're trusts, and the SEC i...
by JoMoney
Sat May 23, 2020 9:13 am
Forum: Personal Investments
Topic: Choice between two Vanguard funds for short term money
Replies: 12
Views: 1187

Re: Choice between two Vanguard funds for short term money

I don't have concerns about the Federal Money Market fund. The securities it invests in that are "NOT SUPPORTED BY THE FULL FAITH AND CREDIT OF THE U.S. GOVERNMENT" are things like repurchase agreements where the fund holds collateral that fully offsets any credit/counter-party risk, and some Govern...
by JoMoney
Sat May 23, 2020 8:51 am
Forum: Investing - Theory, News & General
Topic: TIAA warns on negative yields on money market funds
Replies: 71
Views: 4765

Re: TIAA warns on negative yields on money market funds

This is horrible for savers. Counterpoint, it is no worse than high inflation. if inflation is 8% and your MM pays 7% is that the same as inflation at 0% and MM paying -1%? at first glance it appears so, but taxes probably make the former the worse situation. I think It's a little worse, the effect...
by JoMoney
Sat May 23, 2020 8:22 am
Forum: Personal Investments
Topic: One Fidelity Fund Only - Possible?
Replies: 23
Views: 1909

Re: One Fidelity Fund Only - Possible?

Personally, I use FXAIX (Fidelity 500 index) and cash in my bank account/U.S. savings bonds. Edit to add: I don't use it, it does have "international" stock index allocation, but I do think the Fidelity® Four-in-One Index Fund (.013 ER) https://fundresearch.fidelity.com/mutual-funds/summary/31634R10...
by JoMoney
Sat May 23, 2020 7:55 am
Forum: Personal Finance (Not Investing)
Topic: best use of $0.13?
Replies: 20
Views: 3795

Re: best use of $0.13?

Are you never going to use that credit line again? You don't have to spend exactly $0.13, it will just credit towards your next larger purchase. FWIW, as others mentioned, Amazon.com is a place a lot of us spend regularly and will let you charge a small balance towards a gift-card balance with them....
by JoMoney
Sat May 23, 2020 7:46 am
Forum: Investing - Theory, News & General
Topic: TIAA warns on negative yields on money market funds
Replies: 71
Views: 4765

Re: TIAA warns on negative yields on money market funds

I have no idea if negative MM yields are coming, but that’s *not* what TIAA is discussing/acting on. It’s about yields going low enough, such that their MM fee would result in a negative return for those holding money in the account. It's interesting that they're explicitly warning : TIAA has put a...
by JoMoney
Sat May 23, 2020 7:31 am
Forum: Investing - Theory, News & General
Topic: The Taleb Asness 'debate' in the light of Bogleheads philosophy
Replies: 146
Views: 6967

Re: The Taleb Asness 'debate' in the light of Bogleheads philosophy

It wasn't Taleb telling people they could load up on small-value stocks and expect a "risk premium"... (and it certainly wasn't in Bogle's philosophy either) Hang on, what about the Larry portfolio then? Larry Swedroe is also in favor of small value, and his contributions have been highly valued on...