Search found 556 matches

by columbia
Fri Feb 02, 2018 10:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1265856

Re: U.S. stocks in freefall

Note that I own ~ 25% international:

International plunged just as much today. That global diversification thing doesn’t always play out in the way some want it to.
by columbia
Sun Jan 28, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: Dalio says bonds have entered a bear market
Replies: 96
Views: 9407

Re: Dalio says bonds have entered a bear market

TBM has a current one year return of 3.56% (per their website). That doesn’t seem like a bear market to me.
by columbia
Tue Jan 23, 2018 7:15 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 171
Views: 17434

Re: How does everyone keep track of your portfolio?

I like Personal Capital, but is there a similar app which doesn’t lump REITs into “alternatives?”
by columbia
Sun Jan 21, 2018 10:58 am
Forum: Investing - Theory, News & General
Topic: Vanguard will use blockchain to share index data
Replies: 56
Views: 5787

Re: Vanguard will use blockchain to share index data

Taylor Larimore wrote:
Wed Dec 13, 2017 10:48 am
Bogleheads:

There is lots I don't know (and don't need to know) about investing. This is one of them.

Best wishes.
Taylor
This is on point. :)
by columbia
Sat Jan 20, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: What's your U.S. : International ratio?
Replies: 169
Views: 31602

Re: What's your U.S. : International ratio?

Around 25% right now. I plan to let that float where it goes and not worry about rebalancing within us vs intl.
by columbia
Fri Jan 19, 2018 7:15 pm
Forum: Investing - Theory, News & General
Topic: Nice write up in the NY Times about the transformative powers of blockchain on societal interactions
Replies: 24
Views: 2663

Re: Nice write up in the NY Times about the transformative powers of blockchain on societal interactions

Makes for a good read, also may help keep the bubble investors "first" impulses in check. https://www.nytimes.com/2018/01/16/magazine/beyond-the-bitcoin-bubble.html There's a lot of good behind Bitcoin and other cryptos that will remain once the dust has settled but it maybe something completely di...
by columbia
Thu Jan 18, 2018 6:59 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 123
Views: 15421

Re: GE and the myth of "safe blue-chip stocks"

Setting aside individual stocks, while I don’t own it, I think that an ETF with blue chip stocks meets any reasonable standard of diversification. For example, MGC: https://personal.vanguard.com/us/FundsAllHoldings?FundId=3137&FundIntExt=INT&tableName=Equity&tableIndex=0&sort=marketValue&sortOrder=d...
by columbia
Wed Jan 17, 2018 11:30 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle says Fidelity will be sold in 5 years...
Replies: 37
Views: 8664

Re: Jack Bogle says Fidelity will be sold in 5 years...

And?

Is the supposition that using Fidelity will be a worse choice, as a result?
by columbia
Wed Jan 17, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: 70% chance of correction in 2018 according to Vanguard - Highest in 15 years
Replies: 96
Views: 10977

Re: 70% chance of correction in 2018 according to Vanguard - Highest in 15 years

It’s certainly possible, but I need to check on dinner, so will not provide a prediction...
by columbia
Wed Jan 17, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: The Free market Takes care of itself. EJ loses
Replies: 14
Views: 1552

Re: The Free market Takes care of itself. EJ loses

I’m quite thankful that my early employers (and father) steered me into working only with Vanguard and TIAA.
by columbia
Wed Jan 17, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: Emerging Markets equities went sideways for 50 years 1920-70
Replies: 24
Views: 2166

Re: Emerging Markets equities went sideways for 50 years 1920-70

I wonder how folks will feel about owning a dedicated EM fund, if China eventually moves to a DMs status.
by columbia
Tue Jan 16, 2018 12:46 am
Forum: Investing - Theory, News & General
Topic: [Mark Cuban -] "Diversification is for idiots..."
Replies: 26
Views: 3818

Re: Diversification is for idiots...

He operates in a specific world and - like Buffett - his views on the stock are of limited use for the average Joe.
by columbia
Mon Jan 15, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: International stocks underperformed for the last 20 years.
Replies: 148
Views: 15719

Re: International stocks underperformed for the last 20 years.

re:plot above of 0, 25 and 50 international:

Lower returns and higher standard deviation isn’t exactly a strong selling point (if the intention is to say that US investors *need* international exposure).

Note: I own some to own some...
by columbia
Mon Jan 08, 2018 7:22 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 210
Views: 23920

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

What’s the end game of agitating for Bitcoin? If you think it will make you rich or is the future of...something, go for it, but let’s not pretend that it’s a rational investment.
by columbia
Sun Jan 07, 2018 2:45 pm
Forum: Investing - Theory, News & General
Topic: Does the 3 fund portfolio seem somewhat flawed?
Replies: 79
Views: 6179

Re: Does the 3 fund portfolio seem somewhat flawed?

I think this boils down to whether one can accurately forecast the optimal portfolio going forward.

I know that I cannot do that and don’t try to.
by columbia
Thu Jan 04, 2018 11:32 pm
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 25
Views: 3517

Re: Why Edward Jones?

My otherwise intelligent boss at work uses an Edward Jones advisor. I’m s nit my place to comment on the matter.

:confused
by columbia
Wed Jan 03, 2018 9:50 pm
Forum: Investing - Theory, News & General
Topic: A Case for Bonds in Taxable?
Replies: 24
Views: 2750

Re: A Case for Bonds in Taxable?

To me, the most obviously reason to have some bonds in taxable is related to personal liquidity: if you need some cash, you can’t win withdraw it from your IRA below a certain age. The standard response would be having an emergency fund (in cash), but that’s a personal choice. I have no interest in ...
by columbia
Tue Jan 02, 2018 7:12 pm
Forum: Investing - Theory, News & General
Topic: Becoming comfortable with International Stocks
Replies: 15
Views: 1809

Re: Becoming comfortable with International Stocks

One way to feel safer is to stick to a developed markets fund like VEA from Vanguard.

Personally, I have no interest in places like Russia and Brazil and they can be avoided.
by columbia
Mon Jan 01, 2018 3:55 pm
Forum: Investing - Theory, News & General
Topic: Target Date Funds & sustainable retirement income and spending
Replies: 11
Views: 1035

Re: Target Date Funds & sustainable retirement income and spending

You don't need to use DFA to implement this strategy. I use 3 TIPS funds to approximate the DFA strategy: a long term TIPS fund (LTPZ, duration of 22.5 years), an intermediate term TIPS fund (VAIPX, duration of 8 years) and a short term TIPS fund (VTAPX, duration of 3 years) I agree and I do someth...
by columbia
Mon Jan 01, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: Buffett wins his bet: S&P500 beats selected hedge funds over last 10 years
Replies: 45
Views: 6263

Re: Buffett wins his bet: S&P500 beats selected hedge funds over last 10 years

In any event, hedge fund strategies are designed to be lower risk, and generally acknowledged lower return as well, than the S&P 500 index. So what happened was what was expected, just like stocks are expected to beat 3-month treasuries in return . This is true, regardless of the # of people in the...
by columbia
Mon Jan 01, 2018 1:01 pm
Forum: Investing - Theory, News & General
Topic: Buffett wins his bet: S&P500 beats selected hedge funds over last 10 years
Replies: 45
Views: 6263

Re: Buffett wins his bet: S&P500 beats selected hedge funds over last 10 years

Heck, the typical benchmark of a hedge fund is the 3-month treasury index!
Yet another reason to wonder why anyone would pay for the “privilege” of investing in one.
by columbia
Mon Jan 01, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: Target Date Funds & sustainable retirement income and spending
Replies: 11
Views: 1035

Re: Target Date Funds & sustainable retirement income and spending

Are these target date funds restricted to those using a DFA approved broker?
by columbia
Sat Dec 30, 2017 10:18 pm
Forum: Investing - Theory, News & General
Topic: How to setup a crypto-currency "index fund" (Bitcoin, etc.)
Replies: 77
Views: 6062

Re: How to setup a crypto-currency "index fund" (Bitcoin, etc.)

Perhaps the board could have a crypto currency sub-forum. ;) Not sure if this was meant tongue-in-cheek, but if this helps people who don't want to think about crypto-currencies avoid popping into threads to mutter "ponzi" or "tulip" repeatedly, rather than contributing to the topic at hand, that w...
by columbia
Sat Dec 30, 2017 12:06 pm
Forum: Investing - Theory, News & General
Topic: How did you guys do in 1966 - 1980?
Replies: 34
Views: 3264

Re: How did you guys do in 1966 - 1980?

My father is 81 and started investing with Vanguard in 1974. He sent 3 kids to college in the 80s from the proceeds, so I’d say he did pretty ok.
by columbia
Fri Dec 29, 2017 10:04 am
Forum: Investing - Theory, News & General
Topic: S&P500 Indexing stay away? - does article make valid points?
Replies: 18
Views: 2711

Re: S&P500 Indexing stay away? - does article make valid points?

SP500 represents 80% of the US market capitalization. To me, that would meet any reasonable standard of diversification.
by columbia
Tue Dec 26, 2017 11:58 pm
Forum: Investing - Theory, News & General
Topic: How to setup a crypto-currency "index fund" (Bitcoin, etc.)
Replies: 77
Views: 6062

Re: How to setup a crypto-currency "index fund" (Bitcoin, etc.)

Perhaps the board could have a crypto currency sub-forum. ;)
by columbia
Mon Dec 25, 2017 2:55 pm
Forum: Investing - Theory, News & General
Topic: International Investing without knowing governance/accounting details
Replies: 8
Views: 670

Re: International Investing without knowing governance/accounting details

When has the higher risk of international actually yielded higher returns over an extended period of time? Certainly not since 1986 (which is as far back as Portfolio Visualizer will let one compare them). What does “extended” mean in my question? A heck of a lot more than 10, so the 2000s run doesn...
by columbia
Tue Dec 19, 2017 6:51 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 90
Views: 8153

Re: Paul Merriman and Small Cap Value

I will weigh in more later but my quick comment is I am a huge fan of Total Market Index as a relatively small part of my portfolio. I use S&P 500, instead of the total market as the rest of the portfolio is comprised of large value (U.S. and Intl.), small blend (U.S. and intl.), small value (U.S. ...
by columbia
Tue Dec 19, 2017 7:40 am
Forum: Investing - Theory, News & General
Topic: Figuring Stock % of portfolio. Include Foreign?
Replies: 8
Views: 908

Re: Figuring Stock % of portfolio. Include Foreign?

Personal Capital can be very helpful for tracking such things.
by columbia
Mon Dec 18, 2017 6:43 pm
Forum: Investing - Theory, News & General
Topic: Investing in "Frontier" Markets
Replies: 22
Views: 1746

Re: Investing in "Frontier" Markets

Nobody ever made a lot of money by investing in frontier market stock markets. A lot of money has been lost by investing in such stock markets. To make money, you have to know the brother-in-law(s) of the power brokers in the countries you choose to invest in. And don't buy stocks in those countrie...
by columbia
Sun Dec 17, 2017 11:22 pm
Forum: Investing - Theory, News & General
Topic: Investing in "Frontier" Markets
Replies: 22
Views: 1746

Re: Investing in "Frontier" Markets

The Boglehead philosophy is to invest in global market weight. Meaning Total International Fund has enough frontier markets already. You can tilt a little if you are a gambler, but I certainly wouldn't invest completely in frontier markets. Do you have reason to believe these developing countries c...
by columbia
Sun Dec 17, 2017 3:07 pm
Forum: Investing - Theory, News & General
Topic: Diversification: Is there any way to produce the same returns with less risk?
Replies: 52
Views: 5300

Re: Diversification: Is there any way to produce the same returns with less risk?

Past performance of Wellington and Wellesley funds indicates yes; I’m not advocating for either, mind you.
by columbia
Sat Dec 16, 2017 2:45 pm
Forum: Investing - Theory, News & General
Topic: Stocks always in taxable for tax efficient investing?
Replies: 101
Views: 7251

Re: Stocks always in taxable for tax efficient investing?

I’ve decided to go with this order for stable value/bonds:

403b
Taxable
Roth

The advantage for me is being able to access low risk bonds in taxable in emergency situations (if equities have tanked).

Everyone’s situation is different, of course.
by columbia
Sun Dec 10, 2017 5:38 pm
Forum: Investing - Theory, News & General
Topic: Do DFA Funds have lower trading costs than Index Funds?
Replies: 32
Views: 1735

Re: Do DFA Funds have lower trading costs than Index Funds?

Those ETFs appear to be at least twice as expensive as the pending Vanguard factor funds.
by columbia
Sun Dec 10, 2017 5:06 pm
Forum: Investing - Theory, News & General
Topic: Do DFA Funds have lower trading costs than Index Funds?
Replies: 32
Views: 1735

Re: Do DFA Funds have lower trading costs than Index Funds?

If true, do the lower trading costs result in lower costs for their customers?
by columbia
Sun Dec 03, 2017 1:49 pm
Forum: Investing - Theory, News & General
Topic: Podcasts for Bogleheads?
Replies: 26
Views: 4322

Re: Podcasts for Bogleheads?

I have a couple Vanguard podcasts in my feed, but they haven't posted anything in a while. FWIW, during the recent Bogleheads Conference, Christine Benz, Allan Roth and I each recorded individual podcasts at Vanguard's studios. They will be part of a new series of podcasts that Vanguard plans to st...
by columbia
Sun Dec 03, 2017 11:22 am
Forum: Investing - Theory, News & General
Topic: Bonds Are Riskier Than People Think
Replies: 142
Views: 14093

Re: Bonds Are Riskier Than People Think

The majority of my non-equity holdings are in TIAA traditional RC, which is paying 4.25% these days. That holding addresses (for me and for that portion of my money) the concerns expressed directly above.
by columbia
Sun Dec 03, 2017 11:03 am
Forum: Investing - Theory, News & General
Topic: Bonds Are Riskier Than People Think
Replies: 142
Views: 14093

Re: Bonds Are Riskier Than People Think

Thanks to you both.

I'll continue to not worry about my intermediate term bond fund holdings (outside of inflation). :)
by columbia
Sun Dec 03, 2017 10:31 am
Forum: Investing - Theory, News & General
Topic: Bonds Are Riskier Than People Think
Replies: 142
Views: 14093

Re: Bonds Are Riskier Than People Think

I've seen the phrase bond bubble here many times, in relation to decades of declining interest rates. Pretend that I don't know anything (and that's not too much of a leap): what is the math behind rising interest rates leading to a lower total return? See "Duration" in this article: https://www.bo...
by columbia
Sun Dec 03, 2017 10:07 am
Forum: Investing - Theory, News & General
Topic: Bonds Are Riskier Than People Think
Replies: 142
Views: 14093

Re: Bonds Are Riskier Than People Think

I've seen the phrase bond bubble here many times, in relation to decades of declining interest rates.

Pretend that I don't know anything (and that's not too much of a leap): what is the math behind rising interest rates leading to a lower total return?
by columbia
Sat Dec 02, 2017 11:34 pm
Forum: Investing - Theory, News & General
Topic: Is 60/40 mix the sleep mix or 80/20 mix
Replies: 38
Views: 3858

Re: Is 60/40 mix the sleep mix or 80/20 mix

As I have learned here:

Worrying about competing with other investors is unproductive. Your task at hand is to accumulate as much as you can, but with an asset allocation that is comfortable.
by columbia
Thu Nov 30, 2017 6:21 pm
Forum: Investing - Theory, News & General
Topic: Rational Optimism for Global Stock Returns?
Replies: 21
Views: 1972

Re: Rational Optimism for Global Stock Returns?

I think that international stocks will <do something> until US stocks crash and they will then also crash.
by columbia
Tue Nov 28, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to launch US 'smart beta' ETFs - Will this board burn down?
Replies: 156
Views: 17570

Re: Vanguard to launch US 'smart beta' ETFs - Will this board burn down?

Doesn't the proliferation of such funds decrease the chances of said factors "working" (assuming they have in the past)?
by columbia
Mon Nov 27, 2017 8:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Global Wellesley Income and Global Wellington Funds in registration [now available]
Replies: 129
Views: 32988

Re: Vanguard's Global Wellesley Income and Global Wellington Funds in registration [now available]

Out of curiosity, I ran a comparison of 50/50 Wellesley/Wellington vs 70% SP500/30% total bond in portfolio visualizer. For 1987-present, the former won out.

Secret sauce at play? Who knows, but I wouldn't turn up my nose at the global offerings.
by columbia
Mon Nov 27, 2017 7:48 pm
Forum: Investing - Theory, News & General
Topic: CNBC says Vanguard says 70% Chance of "Correction"
Replies: 63
Views: 8258

Re: CNBC says Vanguard says 70% Chance of "Correction"

It could be a ploy to get people to sell VT and buy one of the new global W funds.

/kidding
by columbia
Sun Nov 26, 2017 1:25 pm
Forum: Investing - Theory, News & General
Topic: The Expanding Universe of Global Stocks, 1975-2016
Replies: 7
Views: 1068

Re: The Expanding Universe of Global Stocks, 1975-2016

It seems that one should at least be cautious about the possibility of "more of them" and/or "more heavily invested in" (both of which seem likely) leading to global stocks being more profitable. That can't be assumed, IMO.