Search found 6940 matches

by JoMoney
Tue Jun 25, 2019 8:27 am
Forum: Personal Consumer Issues
Topic: Facebook reading our minds?
Replies: 22
Views: 1407

Re: Facebook reading our minds?

... Yes, but think of all the good that comes from Facebook. Think of all the political opinions that have been changed and all the bad theology that has been corrected, often by just a single snarky comment someone posted. How would we know what interesting and enviable lives our friends and famil...
by JoMoney
Tue Jun 25, 2019 8:21 am
Forum: Personal Consumer Issues
Topic: Facebook reading our minds?
Replies: 22
Views: 1407

Re: Facebook reading our minds?

Assume that everything you do on Facebook is being sold to third parties. This includes your contact info, your contact list, photos, comments, articles you link to, etc.... If only it was limited to things done one Facebook, they're tracking everybody every way they can... https://www.consumerrepo...
by JoMoney
Tue Jun 25, 2019 7:48 am
Forum: Investing - Theory, News & General
Topic: SPY buyback adjusted yield
Replies: 10
Views: 676

Re: SPY buyback adjusted yield

The source where most get the "buyback yield" is from S&P Go to the S&P 500's website https://us.spindices.com/indices/equity/sp-500 and select "S&P 500 Stock Buybacks" under additional info https://us.spindices.com/documents/additional-material/sp-500-buyback.xlsx (be sure to check out the multiple...
by JoMoney
Mon Jun 24, 2019 11:30 pm
Forum: Investing - Theory, News & General
Topic: Excluding International All Together?
Replies: 39
Views: 2282

Re: Excluding International All Together?

I don't have an international allocation. Why? Simplicity/avoiding behaviorial mistakes, expenses, taxes, risks... Notice I didn't say anything about past returns, or even my expectations on future returns for some particular period. I'm really not good at predicting returns, neither are those that ...
by JoMoney
Mon Jun 24, 2019 10:39 pm
Forum: Personal Consumer Issues
Topic: Facebook reading our minds?
Replies: 22
Views: 1407

Re: Facebook reading our minds?

They didn't have to "read your mind", you said you talked about looking for a recipe. If you have a smart-phone with the Facebook app, they very well could be listening to you and offering suggestions based on that. They're still working on the mind reading functionality, which is more complicated t...
by JoMoney
Mon Jun 24, 2019 9:39 pm
Forum: Personal Investments
Topic: Index fund (voo) returns?
Replies: 19
Views: 1108

Re: Index fund (voo) returns?

No, there really isn't a way to know what future stock returns will be. We can look at the past, we can make guesses, sometimes they're way off. What you can do, is look at the potential risks (like over the 10 year period from 3/1999 - 3/2009 where stocks had a compound return that amounted to -3.5...
by JoMoney
Mon Jun 24, 2019 8:07 am
Forum: Investing - Theory, News & General
Topic: Discrepancy between Matketwatch and Fidelity
Replies: 21
Views: 1101

Re: Discrepancy between Matketwatch and Fidelity

I haven't checked yet, but likely Marketwatch is giving you an up to date daily quote, Fidelity is only updated to the last calendar month (as shown in your picture).


EDIT:
So I checked on Morningstar
see the difference between
5/31/2018 - 5/31/2019
and
06/24/2018 - 06/23/2019
by JoMoney
Mon Jun 24, 2019 7:41 am
Forum: Investing - Theory, News & General
Topic: what is N/A debt to equity ratio?
Replies: 6
Views: 456

Re: what is N/A debt to equity ratio?

Maybe it's a zero, or negative number.
Perhaps some context of where you're seeing this would be helpful.
by JoMoney
Sun Jun 23, 2019 2:32 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 103
Views: 5164

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

... As far as I know, the first SCV index we have is Russell 2000 Value, which starts in 1979. But that too is a re-created uninvestable index. Russell didn't even exist until 1984 , their style indices came much later (sometime in the 90's), and they've had to re-formulate their methodology for co...
by JoMoney
Sun Jun 23, 2019 2:23 pm
Forum: Investing - Theory, News & General
Topic: Lawton Study and Zeroes
Replies: 21
Views: 1846

Re: New studies claiming active managers beat index: true or not?

It's completely true. The S&P SPIVA Scorecard confirms it. https://us.spindices.com/documents/spiva/spiva-us-year-end-2018.pdf Over the past 15 year period, the "S&P Composite 1500" (essentially Total Stock Market index), ONLY outperformed 88.97% of "All domestic equity funds" The S&P 500 only outpe...
by JoMoney
Sun Jun 23, 2019 2:12 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 103
Views: 5164

Re: The Wisdom of Jack Bogle

...wishing the next 50 years to be just like the past 50 years is a pretty big assumption I'm not comfortable making.
I'm hoping I'm not the only one who appreciates the irony of this statement, as if it was a rebuttal to anything said, let alone a defense of tilting....
by JoMoney
Sun Jun 23, 2019 2:00 pm
Forum: Personal Investments
Topic: SP500 versus EAFE
Replies: 2
Views: 322

Re: SP500 versus EAFE

If you look at the total return of the MSCI EAFE "Gross Return" (not including foreign tax withholding), and priced in US dollars, the returns from 1970 until 2011 compared to that of the S&P 500 Total Return were just about the same Morningstar Chart If you make the same comparison using the MSCI E...
by JoMoney
Sun Jun 23, 2019 1:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer private equity investments? Thoughts?
Replies: 66
Views: 5459

Re: Vanguard to offer private equity investments? Thoughts?

I'm baffled by the interest some have in "Private Equity". If it was available for you to buy, it would no longer be "Private Equity", it would just be publicly owned equity with poor liquidity, poor disclosures, and un-audited balance sheets. It's almost like the SEC regulations that restrict how/w...
by JoMoney
Sun Jun 23, 2019 1:19 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 103
Views: 5164

Re: "Reversion to the mean"

Kevin M wrote:
Sun Jun 23, 2019 1:01 pm
...
I find telltale charts to be more informative than looking at various time periods separately...
Perhaps, but it illustrates the same,
Image
by JoMoney
Sun Jun 23, 2019 12:14 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 103
Views: 5164

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

To throw SCV a bone, the performance for a long period starting in early 2000 on had several years with apparently higher returns, which in retrospect means it was a good period for those SELLING their SCV holdings... just not for those buying it... I wonder what the fund-flows would show most peopl...
by JoMoney
Sun Jun 23, 2019 11:41 am
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 103
Views: 5164

Re: "Reversion to the mean"

As we stand currently, relative to the de facto small-cap "Factor" portfolio that is DFA's DFSVX fund, any "premium" for it's 26 years of existence relative to an S&P 500 index rests on the outsized returns over a less than one year period between 2001-2002... Growth of $10,000: 03/02/1993 - 06/22/...
by JoMoney
Sun Jun 23, 2019 11:21 am
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 103
Views: 5164

Re: "Reversion to the mean"

. We can find lots of periods within that window where DFA's Small-Value fund underperformed the S&P 500 as well, but largely we can find it waxing and waning with "Reversion to the mean" that nullifies all but one brief period... Nobody knows what the future will bring, but even that gap between 2...
by JoMoney
Sun Jun 23, 2019 10:42 am
Forum: Investing - Theory, News & General
Topic: Does investing in US stocks mean investing in US Dollar?
Replies: 19
Views: 1345

Re: Does investing in US stocks mean investing in US Dollar?

... You are never going to see anything in investing clearer or more consistent than that. "US stock market investments are dollar investments" may not be the 100% whole truth, but it's most of the truth. Interesting comment from Mr.Bogle regarding international in his book "Common Sense on Mutual ...
by JoMoney
Sun Jun 23, 2019 10:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer private equity investments? Thoughts?
Replies: 66
Views: 5459

Re: Vanguard to offer private equity investments? Thoughts?

... It sounds like this is in response to a shrinking public stock market. What I read, seemed to imply they might just be looking to fill a gap in illiquid alts for institutional/HNW clients ... These clients pay an additional fee for the firm to assemble portfolios for them with Vanguard products...
by JoMoney
Sun Jun 23, 2019 10:20 am
Forum: Investing - Theory, News & General
Topic: Does investing in US stocks mean investing in US Dollar?
Replies: 19
Views: 1345

Re: Does investing in US stocks mean investing in US Dollar?

It's not universal, but many U.S. listed companies hedge their foreign earnings back to U.S. dollars. Their quarterly earnings reports are calculated in U.S. dollars, hedging the foreign income helps stabilize things and makes earnings less unpredictable (at least in the currency they're reporting ...
by JoMoney
Sun Jun 23, 2019 9:59 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer private equity investments? Thoughts?
Replies: 66
Views: 5459

Re: Vanguard to offer private equity investments? Thoughts?

Seeing Vanguard products that may not be appropriate investments for everyone, but that Vanguard can (or at least they believe they can) do cheaper, doesn't surprise me. I wonder if VG would offer a “warning” like they do for EDV: The fund is primarily intended for institutional investors with extr...
by JoMoney
Sun Jun 23, 2019 9:43 am
Forum: Investing - Theory, News & General
Topic: Does investing in US stocks mean investing in US Dollar?
Replies: 19
Views: 1345

Re: Does investing in US stocks mean investing in US Dollar?

It's not universal, but many U.S. listed companies hedge their foreign earnings back to U.S. dollars. Their quarterly earnings reports are calculated in U.S. dollars, hedging the foreign income helps stabilize things and makes earnings less unpredictable (at least in the currency they're reporting i...
by JoMoney
Sun Jun 23, 2019 9:16 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer private equity investments? Thoughts?
Replies: 66
Views: 5459

Re: Vanguard to offer private equity investments? Thoughts?

I'm indifferent about the offering. I'm am starting to question Vanguard's business plan. Charlie Munger's Iron rule of nature: " You get what you reward for " Vanguard employees get a bonus dividend from something called the "Vanguard Partnership Plan". Much of what's known about this plan is held...
by JoMoney
Sat Jun 22, 2019 11:49 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 103
Views: 5164

"Reversion to the mean"

As we stand currently, relative to the de facto small-cap "Factor" portfolio that is DFA's DFSVX fund, any "premium" for it's 26 years of existence relative to an S&P 500 index rests on the outsized returns over a less than one year period between 2001-2002... Growth of $10,000: 03/02/1993 - 06/22/2...
by JoMoney
Sat Jun 22, 2019 9:55 pm
Forum: Investing - Theory, News & General
Topic: Money Market Liquid Assets
Replies: 1
Views: 389

Re: Money Market Liquid Assets

Interesting. The info on Vanguard's page for Vanguard Municipal Money Market Fund (VMSXX) shows " 0% Daily Assets " going back for as long as I was willing to look. And yet when following the link they provide to the N-MFP SEC filing, the reported "Total Value of Daily Liquid Assets" is >30% Since t...
by JoMoney
Sat Jun 22, 2019 12:07 pm
Forum: Investing - Theory, News & General
Topic: Ever been a Ponzi scheme or fraud victim? Other signs?
Replies: 11
Views: 1248

Re: Ever been a Ponzi scheme or fraud victim? Other signs?

I've known several people that get wrapped up into "pyramid" or "multi-level marketing" schemes, sadly most of these people believed they were getting into a legitimate business opportunity selling some product, but the main thrust is/was to recruit new sellers of the product - which is the biggest ...
by JoMoney
Sat Jun 22, 2019 11:30 am
Forum: Investing - Theory, News & General
Topic: Facebook Libra Cryptocurrency - effect on stocks or bonds?
Replies: 42
Views: 3540

Re: Facebook Libra Cryptocurrency - effect on stocks or bonds?

... 3) would you say creating a crypto currency is similar to printing money? For me, this seems like something that should be done very carefully and only by governments. Should anyone (not literally) be able to make their own crypto currency? And if it’s not like printing money, why not? Bear in ...
by JoMoney
Sat Jun 22, 2019 11:05 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Talk
Replies: 16
Views: 1435

Re: Bitcoin Talk

As for jewelry/decoration is it really inherently more aesthetically appealing than other metals Nope, gold is gaudy.... and it's yellow, ew. :P Silver, titanium, even aluminium, or stainless steel are all much better looking :D ... would you say creating a crypto currency is similar to printing mo...
by JoMoney
Sat Jun 22, 2019 9:55 am
Forum: Investing - Theory, News & General
Topic: The End of Passive Investing?
Replies: 55
Views: 4796

Re: The End of Passive Investing?

If you're not roughly 60% total world bond market and 40% total world stock market, you're an active investor who has made a conscious choice to tilt. Indexing and market-cap weighted funds are a subset of "passive investing". Passive investing was around long before index funds were even an option...
by JoMoney
Fri Jun 21, 2019 7:58 am
Forum: Investing - Theory, News & General
Topic: The problem in retirement we rarely discuss [what to do with stock funds]
Replies: 58
Views: 5657

Re: The problem in retirement we rarely discuss [what to do with stock funds]

... I get a good laugh when I read we should be happy to pay a lot of taxes because it means we have been successful... I doubt anyone said you "should be happy" to, they're just pointing out that's its a "good problem " to have. The consequences of having a lot of money with a tax liability is a c...
by JoMoney
Fri Jun 21, 2019 7:49 am
Forum: Investing - Theory, News & General
Topic: The End of Passive Investing?
Replies: 55
Views: 4796

Re: The End of Passive Investing?

I think there is a distinction between broad market indexing and passive investing. While broad market indexing is a form of passive investing, passive investing does not mean you have to market-weight using an index fund. I think of "Passive investing" as more a statement about how infrequently you...
by JoMoney
Fri Jun 21, 2019 7:32 am
Forum: Investing - Theory, News & General
Topic: The problem in retirement we rarely discuss [what to do with stock funds]
Replies: 58
Views: 5657

Re: The problem in retirement we rarely discuss [what to do with stock funds]

If the funds are lousy funds/high cost, maybe they should re-examine if it might be worth the tax hit (or at least stepping up the rate they transition the money). If they're not high cost funds, and they follow a reasonable consistent strategy that is agreeable to the purchaser, maybe there is no r...
by JoMoney
Fri Jun 21, 2019 7:07 am
Forum: Investing - Theory, News & General
Topic: Facebook Libra Cryptocurrency - effect on stocks or bonds?
Replies: 42
Views: 3540

Re: Facebook Libra Cryptocurrency - effect on stocks or bonds?

... 3) would you say creating a crypto currency is similar to printing money? For me, this seems like something that should be done very carefully and only by governments. Should anyone (not literally) be able to make their own crypto currency? And if it’s not like printing money, why not? Bear in ...
by JoMoney
Thu Jun 20, 2019 11:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 500 Index Expense Ratio History
Replies: 9
Views: 1191

Re: Vanguard 500 Index Expense Ratio History

Does anyone know the history for the various institutional share classes? You could look them up in the annual reports (Filing N-30 prior to 2003) https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000862084&type=N-30&dateb=&count=40&scd=filings (Filing N-CSR starting in 2003) https://...
by JoMoney
Thu Jun 20, 2019 9:43 pm
Forum: Personal Investments
Topic: Total World Index vs. Total U.S Index?
Replies: 4
Views: 514

Re: VGS vs. VTS?

I guess the point is Total world market vs Total u.s market, why bet on one particular market? For U.S. investors, it's a bit of a different situation than for those elsewhere. By weight, their home market already makes up more than half of the global market, is reasonably well diversified on it's ...
by JoMoney
Thu Jun 20, 2019 9:23 pm
Forum: Personal Investments
Topic: Total World Index vs. Total U.S Index?
Replies: 4
Views: 514

Re: VGS vs. VTS?

Isn't buying VTS market bias/ predicting? I know the argument has been made that the u.s market is globally diversified but isn't that similar to saying stocks such as BRK or GE are diversified? VTS has a lower expense ratio however, does this in itself make it worthwhile? It's usually frowned upon...
by JoMoney
Thu Jun 20, 2019 8:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica
Replies: 42
Views: 2970

Re: Vanguard won't service the annuities in a year?

thought this part was interesting: Vanguard will continue to offer the Vanguard Variable Insurance Funds, which are the underlying investments in the Vanguard Variable Annuity. so you can create your own annuity using vanguard funds? Does anyone know which funds they are referring to? Likely: https...
by JoMoney
Thu Jun 20, 2019 8:32 am
Forum: Investing - Theory, News & General
Topic: Yes -- Another Tilting Post
Replies: 11
Views: 789

Re: Yes -- Another Tilting Post

Okay, another question from a boglehead newbie, two years into the boglehead philiosophy. Every time I look at my total stock market fund (FSKAX) I wonder why I would want to have 17.69% of my stock holdings in ten companies. Why shouldn't one diversify more? When I backtest, adding small caps, or ...
by JoMoney
Wed Jun 19, 2019 11:57 pm
Forum: Investing - Theory, News & General
Topic: Facebook Libra Cryptocurrency - effect on stocks or bonds?
Replies: 42
Views: 3540

Re: Facebook Libra Cryptocurrency - effect on stocks or bonds?

... Either way, let’s make boglecoin. What’s the downside? The JoMoney coin is available, it is available on the JoMoney exchange and can be purchased via PayPal. It will be pegged to the U.S. dollar so it's purchasing power and usefulness as a unit of account will remain stable (as money should).....
by JoMoney
Wed Jun 19, 2019 9:11 pm
Forum: Investing - Theory, News & General
Topic: Facebook Libra Cryptocurrency - effect on stocks or bonds?
Replies: 42
Views: 3540

Re: Facebook Libra Cryptocurrency - effect on stocks or bonds?

But then again, I thought Uber was a dumb idea too. You're not alone. I also think a taxi service that loses a Billion dollars per quarter is a dumb idea. :thumbsup If it was "a taxi service" I might be able to imagine there was a big investment in durable goods like cars, gasoline, etc... But Uber...
by JoMoney
Wed Jun 19, 2019 8:08 pm
Forum: Investing - Theory, News & General
Topic: Karsten (Early Retirement Now) Pens a Challenge to Merriman and the Small/Value Premium
Replies: 65
Views: 5304

Re: Karsten (Early Retirement Now) Pens a Serious Challenge to Merriman and the Small/Value Premium

..... some of it's critics (including the Nobel family) have called for it to be renamed or abolished and that the economics prize degrades and cheapens the real Nobel Prizes. Or vice-versa. Well, I suppose that's the biggest criticism, that lay-people would see the award and elevate it to the este...
by JoMoney
Wed Jun 19, 2019 7:09 pm
Forum: Investing - Theory, News & General
Topic: Karsten (Early Retirement Now) Pens a Challenge to Merriman and the Small/Value Premium
Replies: 65
Views: 5304

Re: Karsten (Early Retirement Now) Pens a Serious Challenge to Merriman and the Small/Value Premium

Fama/French won the Nobel prize for this discovery. The Nobel. Prize. Fama won a Nobel prize, French did not. The prize was not awarded for the Fama/French three-factor model, it was awarded for the efficient market hypothesis. The Royal Swedish Academy of Sciences press release: Beginning in the 1...
by JoMoney
Wed Jun 19, 2019 8:27 am
Forum: Investing - Theory, News & General
Topic: Karsten (Early Retirement Now) Pens a Challenge to Merriman and the Small/Value Premium
Replies: 65
Views: 5304

Re: Karsten (Early Retirement Now) Pens a Challenge to Merriman and the Small/Value Premium

Forester wrote:
Wed Jun 19, 2019 1:19 am
19 March 2009 to today

IJS small cap value +343%

SPY S&P 500 +356%

"Value is dead"
It's been "Dead" longer than that
Image
by JoMoney
Wed Jun 19, 2019 8:15 am
Forum: Investing - Theory, News & General
Topic: SCV tilt advocates, please suggest a percentage for me to use in a backtest
Replies: 31
Views: 1758

Re: SCV tilt advocates, please suggest a percentage for me to use in a backtest

The FundAdvice Ultimate Buy & Hold uses 6% SCV, but that's on top of the 6% to Large-Value and 6% to small blend https://www.marketwatch.com/lazyportfolio/portfolio/fundadvice-ultimate-buy-hold So maybe something in the 10-20% range. When Mr. Bogle wrote the Tell-Tale chart, SCV wasn't nearly as in ...
by JoMoney
Tue Jun 18, 2019 8:22 am
Forum: Investing - Theory, News & General
Topic: Should I abandon the Total International Stock Index Fund for greener pastures?
Replies: 110
Views: 9651

Re: Should I abandon the Total International Stock Index Fund for greener pastures?

yes, you should. in fact, i think everyone should. we should shut down all the other stock markets. no need for any stock market other than the exchanges here in the US. everyone else is just silly investing in all those other companies. It would certainly remove the barriers that are different exp...
by JoMoney
Tue Jun 18, 2019 12:43 am
Forum: Investing - Theory, News & General
Topic: population growth and consumption
Replies: 15
Views: 1257

Re: population growth and consumption

There are lots of other estimates, and different models that come to different conclusions as to how big and when population will peak. There have even been theories that population growth hurts the standard of living. Ever heard of a "Malthusian trap" ? https://en.wikipedia.org/wiki/Thomas_Robert_M...
by JoMoney
Mon Jun 17, 2019 11:38 pm
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why?
Replies: 161
Views: 8867

Re: What percentage of total portfolio in REIT's do you have? Why?

I don't have a specific "allocation" to REITs. The S&P 500 index (which is what I own) has a bit, enough to be a good enough proxy of the broader Total Market, but not so much that any of the dividends aren't "Qualified" :mrgreen: https://personal.vanguard.com/us/insights/taxcenter/yearend-qualified...
by JoMoney
Mon Jun 17, 2019 10:57 pm
Forum: Investing - Theory, News & General
Topic: Should I abandon the Total International Stock Index Fund for greener pastures?
Replies: 110
Views: 9651

Re: Should I abandon the Total International Stock Index Fund for greener pastures?

I don't have an international allocation. I just never thought it was necessary. I'm not comfortable with some of the risks in some Emerging Markets, I don't like the additional expenses and tax considerations with international. I was quite happy to find that Mr. Bogle and even Warren Buffet offer ...
by JoMoney
Mon Jun 17, 2019 9:17 pm
Forum: Investing - Theory, News & General
Topic: Pointless to own Emerging Markets fund if already own International?
Replies: 9
Views: 832

Re: Pointless to own Emerging Markets fund if already own International?

I am debating adding a Vanguard Emerging Markets fund because I already have the International fund. I would have about 4% of my portfolio in this. Should already owning an Intl. Fund be a factor in my decision to purchase an EM fund, or not really? I wouldn't call it "Pointless" I'm sure there are...
by JoMoney
Mon Jun 17, 2019 2:22 am
Forum: Investing - Theory, News & General
Topic: Stocks/Bond Allocation Based on Buffet Indicator?
Replies: 18
Views: 1690

Re: Stocks/Bond Allocation Based on Buffet Indicator?

It's interesting to me that Buffett himself seems to dismiss this "Buffett Indicator" when he was asked directly about it http://fortune.com/video/2014/10/07/buffett-stock-prices-are-in-the-zone-of-reasonable/ "... I did use it in a talk I gave, 15 years ago in Sun Valley, that got reprinted in Fort...