Search found 628 matches

by MIpreRetirey
Wed Nov 01, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: Expanding on The Rewards Of Multiple Asset Class Investing
Replies: 38
Views: 2642

Re: Expanding on The Rewards Of Multiple Asset Class Investing

I imagine the chart changes yearly just as the efficient frontier graph does. As Taylor said, maybe more-so using many volatile asset classes. I just imagine it would.
by MIpreRetirey
Wed Nov 01, 2017 3:36 pm
Forum: Investing - Theory, News & General
Topic: Bogle on Vanguard's Asset Level
Replies: 5
Views: 673

Re: Bogle on Vanguard's Asset Level

I bet VG has a marketing department, and there are marketing analysis enterprises that will survey people to find out how they found out about vanguard, and what they think of them. But i thought that a certain amount of advertising is necessary to maintain new business? --The name must be in peopl...
by MIpreRetirey
Wed Nov 01, 2017 3:28 pm
Forum: Investing - Theory, News & General
Topic: Matching bond duration to....?
Replies: 17
Views: 1101

Re: Matching bond duration to....?

After reading the more posts, using funds for LMP is a compromise. And that I mention holding for 2X duration is too conservative an approach IMO. After all, some of these just don't go down that much--but it's a compromise tradeoff? I won't use (yet) a LT bnd fund. Possibly for the non-correlation ...
by MIpreRetirey
Wed Nov 01, 2017 2:01 pm
Forum: Investing - Theory, News & General
Topic: Bogle on Vanguard's Asset Level
Replies: 5
Views: 673

Re: Bogle on Vanguard's Asset Level

I bet VG has a marketing department, and there are marketing analysis enterprises that will survey people to find out how they found out about vanguard, and what they think of them. But i thought that a certain amount of advertising is necessary to maintain new business? --The name must be in people...
by MIpreRetirey
Wed Nov 01, 2017 1:26 pm
Forum: Investing - Theory, News & General
Topic: Matching bond duration to....?
Replies: 17
Views: 1101

Re: Matching bond duration to....?

I think there's another adjustment that can be made. The OP seems to be confronting this dilemma. Your bond fund has a duration of 15 yrs. You need the money in 20. When do you start to reduce your bond duration? In 5 years you will be 15 years out from needing the money, but that time is only 5 yea...
by MIpreRetirey
Sun Oct 22, 2017 4:29 pm
Forum: Investing - Theory, News & General
Topic: Mutual Fund "share price"
Replies: 22
Views: 1020

Re: Mutual Fund "share price"

I think glossary is a good note for it's function. But then I started thinking that would end up being more like a dictionary. So then I, personally, would go to googleing the web for mutual fund share price.
by MIpreRetirey
Sun Oct 22, 2017 3:59 pm
Forum: Forum Issues and Administration
Topic: Please Try Out Test Posts Here
Replies: 200
Views: 164065

Re: Please Try Out Test Posts Here

Ease of simba spreadsht graphs posting: No. Still need tinypic or photobucket. Edit: 10/24 googledrive -that works. 10/25-MSonedrive-embedimage: resizesmall https://v6jpfq.bn1303.livefilestore.com/y4mlhe-0r71v_m59mozSK0vsv3-vpite3eDtEMbru-_udimKmC1-wJBq5-S4tmiVypuxjgVpQvIbGyJXivB33r3-QfJdF9F7uIliBvS...
by MIpreRetirey
Sun Oct 22, 2017 2:31 pm
Forum: Investing - Theory, News & General
Topic: Mutual Fund "share price"
Replies: 22
Views: 1020

Re: Mutual Fund "share price"

I'm surprised this isn't explained somewhere in the wiki; like under mutual funds, what are they. There is some. Here's one of a few categories from searching the wiki for "mutual", https://www.bogleheads.org/wiki/Mutual_fund which explains that pooling many owners together, there is no problem of h...
by MIpreRetirey
Sun Sep 03, 2017 12:14 am
Forum: Investing - Theory, News & General
Topic: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?
Replies: 23
Views: 1891

Re: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?

What does this refer to? Oh! An equal # of baby boomers still under age 65 when Gen Xers reach avg. age 65. They are never the majority working population? Yep. It tweaks me to no end that the general population has been led to believe that Gen X is irrelevant, when they are nearly as large a group...
by MIpreRetirey
Sat Sep 02, 2017 8:37 pm
Forum: Investing - Theory, News & General
Topic: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?
Replies: 23
Views: 1891

Re: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?

No glut that I can see: http://www.pewresearch.org/fact-tank/2016/04/25/millennials-overtake-baby-boomers/ft_16_04-25_generations2050/ What's sad is that at no time will Gen X rule. What's never reported is that they will be a significant influence for the foreseeable future. Ignore at your peril. ...
by MIpreRetirey
Sat Sep 02, 2017 8:28 pm
Forum: Investing - Theory, News & General
Topic: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?
Replies: 23
Views: 1891

Re: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?

Personally OP, I have no idea what will happen. I have some inkling, in I bought and sold a major player in the SPIA market. Made some nice profits. Want to buy back in but our Discretionary is depleted due to a recent rental purchase. The rentals will substitute for deferred annuities and have gre...
by MIpreRetirey
Sat Sep 02, 2017 7:18 pm
Forum: Investing - Theory, News & General
Topic: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?
Replies: 23
Views: 1891

Re: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?

^ Well it's true that most of BB retirees may not have enough retirement investments to BUY an SPIA. However, it is just the 2-10% of the population who has the Nation's wealth and who will consider the SPIA route. The top end, or the 2% will have sufficient wealth to Not Buy an SPIA because it is ...
by MIpreRetirey
Sat Sep 02, 2017 7:14 pm
Forum: Investing - Theory, News & General
Topic: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?
Replies: 23
Views: 1891

Re: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?

Most Baby Boomers don't even delay taking Social Security. I highly doubt they will start buying SPIAs. Those who don't have money will not have a lump sum to get an SPIA; those who have assets hate to see their "number" getting smaller; all are worrying that after they die the annuity will be "was...
by MIpreRetirey
Sat Sep 02, 2017 5:49 pm
Forum: Investing - Theory, News & General
Topic: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?
Replies: 23
Views: 1891

Re: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?

The more people that buy annuities the better it is for the insurance companies. A larger population of purchasers make their financial results likely closer to their actuarial models. Yes, but: the age of death distribution is skewed. If the age of owners is skewed, too, to older people. They woul...
by MIpreRetirey
Sat Sep 02, 2017 5:38 pm
Forum: Investing - Theory, News & General
Topic: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?
Replies: 23
Views: 1891

Re: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?

The Wizard wrote:
Sat Sep 02, 2017 5:36 pm
I don't think so.
I have a large annuity income which varies from year to year.
I think we're good...
I didn't consider existing annuity holders, which I think you imply.
How about new purchasers at age 75-85? Skew their pricing?
by MIpreRetirey
Sat Sep 02, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?
Replies: 23
Views: 1891

What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?

As the title-- would this change the annuities industry and pricing? Seems like it must, at first glance. Producing a concentration of the age of annuity buyers? A huge change in the probabilities of outcomes for the insurers? Thoughts. Edit: Actually, on 2nd or 3rd thought: this wouldn't change the...
by MIpreRetirey
Sat Sep 02, 2017 5:05 pm
Forum: Investing - Theory, News & General
Topic: Riskier Bonds vis a vis AA
Replies: 33
Views: 2492

Re: Riskier Bonds vis a vis AA

I'm guessing the .3 correlation of HYLD Corp to Stocks comes from this: portvisualizer comparison of VWEHX vs S&P500/IT.Treas (and Tot.Bnd.) comparisons with the same long term( or just last 25 yrs.) total returns. 100% VWEHX (VG HYLD Corp) vs combo of S&P500 and treas/safer bonds. They had about 30...
by MIpreRetirey
Sat Sep 02, 2017 3:44 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 37530

Re: Michael Kitces 4% rule podcast on Madfientist

The mortality is a serious problem in the graph as you can read age 80 as having ~50% chance of dying. That's only true of you retired at age 40 and looking at mortality from that date. If you are retiring at age 60, it's completely messed up. Even those who retired at age 40, as they grow older ne...
by MIpreRetirey
Sat Sep 02, 2017 12:37 am
Forum: Investing - Theory, News & General
Topic: Do you know your bond portfolio's REAL 12 month total return?
Replies: 61
Views: 4477

Re: Do you know your bond portfolio's REAL 12 month total return?

^^^ spdoublebass,

In the Summary tab, the final balance has a little "i" next to it. Mouse over it for real dollar final balance.
by MIpreRetirey
Wed Aug 30, 2017 2:26 pm
Forum: Investing - Theory, News & General
Topic: Riskier Bonds vis a vis AA
Replies: 33
Views: 2492

Re: Riskier Bonds vis a vis AA

I've looked at VWEAX some, and it does do relatively well during equity bull markets. Edit: But I'll look at it again--like from 1993 after VTSAX opened. http://quotes.morningstar.com/chart/fund/chart?t=VWEAX®ion=usa&culture=en_US&dataParams=%7B%22zoomKey%22%3A11%2C%22version%22%3A%22US%22%2C%22s...
by MIpreRetirey
Wed Aug 30, 2017 2:12 pm
Forum: Investing - Theory, News & General
Topic: Riskier Bonds vis a vis AA
Replies: 33
Views: 2492

Re: Riskier Bonds vis a vis AA

My reason for using 01/2008 to (02)/2010 is to make a point, alright. It may not matter, either. Though, if a max drawdown of a certain magnitude matters, the port could be more efficient to protect from that-- gov. bonds, or even IG bonds. The way I am seeing this is negative returns are an effecti...
by MIpreRetirey
Wed Aug 30, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: Riskier Bonds vis a vis AA
Replies: 33
Views: 2492

Re: Riskier Bonds vis a vis AA

Would it be appropriate to consider these riskier bond funds to be say half stock and half bond or some other breakdown like that? Yes. From a somewhat fuzzy memory short term corporate were calculated as .1 equity, IT was .2 and HY was .3. If my stock/bond asset allocation is 50-50, but VG HYC/EM ...
by MIpreRetirey
Fri Aug 25, 2017 10:02 am
Forum: Investing - Theory, News & General
Topic: Amazed by Vanguard Wellington's Performance
Replies: 62
Views: 9707

Re: Amazed by Vanguard Wellington's Performance

Both Well. and Welles. have high LT Cap Gains, which seem to be only in market boom years (and not in recessions.) I mean like CGs almost equivalent to total year div yield ( maybe about 3/4 of that.) The Eq.Inc Fd., managed also by Wellington Mngmnt. does the same at a lesser degree ( maybe 1/2 as ...
by MIpreRetirey
Thu Aug 17, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Considerations
Replies: 58
Views: 5033

Re: Reverse Mortgage Considerations

What happens if, for example, you use 300k of your line of credit and then the value of the property falls below the loan value when the loan is called? Does the lender simple get a haircut? I'm asking b/c I don't know. I suppose the lender does a LTV ratio and won't lend more than x percent of the...
by MIpreRetirey
Wed Aug 16, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Can Bogle's philosophy lead to alt 3-fund investment phobia, nihilism, decision paralysis, etc.
Replies: 11
Views: 1401

Re: Can Bogle's philosophy lead to alt 3-fund investment phobia, nihilism, decision paralysis, etc.

I'm thinking the main, #1, rule is to not put retirement savings in company stock. That's all. Keep retirement investments diversified.
by MIpreRetirey
Tue Aug 15, 2017 10:01 pm
Forum: Investing - Theory, News & General
Topic: Two nice charts on default and duration risk
Replies: 11
Views: 1231

Re: Two nice charts on default and duration risk

jbolden1517,
It makes some sense to me. I prefer to look at a bigger picture.
by MIpreRetirey
Tue Aug 15, 2017 9:07 pm
Forum: Investing - Theory, News & General
Topic: Two nice charts on default and duration risk
Replies: 11
Views: 1231

Re: Two nice charts on default and duration risk

And for Sharpe ratios: (I'm guessing VG's HYCorp - VWEHX would be the #4 fund in 2nd chart? Morn* calls the fund an avg. B rating.) --from 01/1986 per VWEHX opening.--at least for PV data-- ST.Treas. - .82 10 yr - .48 LT.treas - .49 VWEHX - .58 If SD is the 68% probability band, is SQRT(.68) = .825...
by MIpreRetirey
Tue Aug 15, 2017 9:00 pm
Forum: Investing - Theory, News & General
Topic: Two nice charts on default and duration risk
Replies: 11
Views: 1231

Re: Two nice charts on default and duration risk

jbolden1517 said: Well the entire thing would be a mix of the (1) from the second chart. All 3 types of treasuries have no credit risk, they just have varying duration risk. If you mean the first chart note the dates there are from 1928 not 1983. Your dates are wrong. Well, I did mean the 2nd chart ...
by MIpreRetirey
Tue Aug 15, 2017 8:24 pm
Forum: Investing - Theory, News & General
Topic: Two nice charts on default and duration risk
Replies: 11
Views: 1231

Re: Two nice charts on default and duration risk

And for Sharpe ratios: (I'm guessing VG's HYCorp - VWEHX would be the #4 fund in 2nd chart? Morn* calls the fund an avg. B rating.) --from 01/1986 per VWEHX opening.--at least for PV data-- ST.Treas. - .82 10 yr - .48 LT.treas - .49 VWEHX - .58 If SD is the 68% probability band, is SQRT(.68) = .825 ...
by MIpreRetirey
Tue Aug 15, 2017 8:00 pm
Forum: Investing - Theory, News & General
Topic: Two nice charts on default and duration risk
Replies: 11
Views: 1231

Re: Two nice charts on default and duration risk

This is an open topic? :) I was going to comment on my looking at HYCorp. for investing sense. But I wanted to see a correlating timeframe on these two charts. I don't know why these data don't seem to jibe! Try to visually plot my data from portfolio visualizer with your second chart. What's wrong?...
by MIpreRetirey
Sun Aug 13, 2017 2:28 pm
Forum: Investing - Theory, News & General
Topic: New Dividends Appreciation data series - backtesting
Replies: 112
Views: 10406

Re: New Dividends Appreciation data series - backtesting

It's surprising to me that DIV GR yield is very close to TSM. I would have guessed it would be higher considering it is a dividend strategy. I suspect this has to do with the fact that Dividend Growth (e.g. VDAIX) is about growing dividends, and not about High Dividend Yield (e.g. VHDYX), which doe...
by MIpreRetirey
Thu Jul 13, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security: Collecting at 70
Replies: 17
Views: 1996

Re: Social Security: Collecting at 70

I just got off the phone with my local SS office and they verified what I had stated earlier. I did a file/suspend in January 2014, when I attained FRA. I will receive a letter/notification from them this December, telling me that my claim is changing status effective January. I will start receivin...
by MIpreRetirey
Thu Jul 13, 2017 12:12 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein on Meb Faber's podcast
Replies: 54
Views: 7506

Re: William Bernstein on Meb Faber's podcast

^^ Yep. Well, technically, sure, anything that has value is technically an asset. More of a philosophy/method of whether to include it as an asset/liability instead of just a cost of living. I don't think it's really crazy to say a primary residence is not an "investment", I think is what Bill Berns...
by MIpreRetirey
Thu Jul 13, 2017 11:16 am
Forum: Investing - Theory, News & General
Topic: William Bernstein on Meb Faber's podcast
Replies: 54
Views: 7506

Re: William Bernstein on Meb Faber's podcast

I listened to the podcast the day it came out but did not have a chance to listen to the last 10 minutes, which I just listened to yesterday. He had one interesting point at the end. He said your house should not be considered part of your portfolio. He said if you sell it you have to rent or buy s...
by MIpreRetirey
Thu Jul 13, 2017 10:36 am
Forum: Investing - Theory, News & General
Topic: Burton Malkiel's Not so random walk
Replies: 17
Views: 2899

Re: Burton Malkiel's Not so random walk

Anyone see him as guest on Wealthtrack-w/Consuelo Mack (replay at website). from 7/8/2017.
http://wealthtrack.com/
Explains his reasoning for using other assets as bond surrogates.
by MIpreRetirey
Wed Jul 12, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security: Collecting at 70
Replies: 17
Views: 1996

Re: Social Security: Collecting at 70

The complete sentence that is confusing is: For requests for voluntary suspension received April 30, 2016 and later, unless requested at an earlier point, we deem a beneficiary to have submitted a request for reinstatement of benefits the month before the month of attainment of age 70, with benefits...
by MIpreRetirey
Wed Jul 12, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security: Collecting at 70
Replies: 17
Views: 1996

Re: Social Security: Collecting at 70

unless requested at an earlier point, we deem a beneficiary to have submitted a request for reinstatement of benefits the month before the month of attainment of age 70 I read the' unless requested at an earlier point' as applying to requesting reinstatement (at an earlier date than)(auto one month...
by MIpreRetirey
Wed Jul 12, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security: Collecting at 70
Replies: 17
Views: 1996

Re: Social Security: Collecting at 70

It should be automatic: "The Program Service Centers (PSC) use automated systems to process voluntary delayed retirement credit (VDRC) reinstatements at age 70. For requests for voluntary suspension received April 30, 2016 and later , unless requested at an earlier point, we deem a beneficiary to h...
by MIpreRetirey
Sat Jul 08, 2017 7:39 pm
Forum: Investing - Theory, News & General
Topic: Recent absence of advantage for the "classic factors strategy"
Replies: 17
Views: 1532

Re: Recent absence of advantage for the "classic factors strategy"

I posted in the Merriman: the one fund everyone should own. thread: With Port.Vis. and SCV as an asset class back to 1972: SCV outperformed TSM in 1975-1985, 1991-1993, and (s/b) 2000-2002. But what these time periods represent are terrible times for large-cap and/or large-growth, I think. Sort of d...
by MIpreRetirey
Fri Jul 07, 2017 12:26 pm
Forum: Investing - Theory, News & General
Topic: accounting for 2% default in HYcorp -?
Replies: 10
Views: 715

Re: accounting for 2% default in HYcorp -?

OK Thanks for replies. I'll have to re-read the long post again in a few. Maybe it's in there. I still need to check wiki and google. I understand the lowering yield of all bonds of equal credit rating from 1980 to 2015. I'll re-read for the mechanics of the 2% default (and when/where is that paid b...
by MIpreRetirey
Thu Jul 06, 2017 3:06 pm
Forum: Investing - Theory, News & General
Topic: accounting for 2% default in HYcorp -?
Replies: 10
Views: 715

Re: accounting for 2% default in HYcorp -?

Wow. Thinking a little harder: If we own a bought a bond, and it defaults, what we lose is only that income, which lowers our yield, which causes the NAV to "sell off" by investors in our fund. That makes better sense? So, the whole of defaults (less recoveries) is a loss of the funds income, and th...
by MIpreRetirey
Thu Jul 06, 2017 2:59 pm
Forum: Investing - Theory, News & General
Topic: accounting for 2% default in HYcorp -?
Replies: 10
Views: 715

Re: accounting for 2% default in HYcorp -?

^^ Here's one link to Damoraran defaults by ratings pdf. http://people.stern.nyu.edu/adamodar/pdfiles/cfovhds/Riskfree&spread.pdf Actually, I was only asking for the math of accounting for the -2%. (less recovery rate,as you added.) After thinking about what happens if a bond in my fund defaults , i...
by MIpreRetirey
Thu Jul 06, 2017 11:30 am
Forum: Investing - Theory, News & General
Topic: accounting for 2% default in HYcorp -?
Replies: 10
Views: 715

accounting for 2% default in HYcorp -?

How/where do we account for the (maybe)2% default rate of corp bonds in a HYcorp bond fund. Maybe particularly VG's VWEHX, if the fund makes a difference to the ?
Don't follow when it's said that the return of HYcorp bond is 2% less than it's yield. Really?
Appreciate answers.
by MIpreRetirey
Thu Jul 06, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: High Stock Returns in a Low-Growth World?
Replies: 63
Views: 5993

Re: High Stock Returns in a Low-Growth World?

Besides buybacks. But any examples of selling cash supply to buy shares of investments. Country future net worth ( next year, next decade) is sum of current cash and assets plus growth of assets. I'll have to read some on GDP, GNP. I probably forgot more than I even knew.
by MIpreRetirey
Tue Jul 04, 2017 3:27 pm
Forum: Investing - Theory, News & General
Topic: Simplest "Nobody Knows Nothing" Don't Peek Portfolio?
Replies: 20
Views: 3281

Re: Simplest "Nobody Knows Nothing" Don't Peek Portfolio?

I agree that it helps on avoiding tinkering. In fact, it makes me not want to tinker. I have a large % Target Date.
by MIpreRetirey
Tue Jul 04, 2017 12:52 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman: The One Fund Every Investor Should Own
Replies: 122
Views: 18361

Re: Paul Merriman: The One Fund Every Investor Should Own

Economic stuff happens. Looking at a comparison of TSM, SV, Mid-blend, of annual returns for the asset classes only, from 1972-present: SV did it's work in 3 periods: approx: 1975-1985, 1991-1993, & 2000-2007. All these were marked by (at least for much of these periods) troubling market/economies. ...
by MIpreRetirey
Mon Jul 03, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Unfounded Fear?
Replies: 16
Views: 1654

Re: Unfounded Fear?

Are you just worried about house value stability?
I think your local home sales temperature is partially a factor of the employment picture locally. And then the relative affordability of a home for those still employed in the area.
by MIpreRetirey
Mon Jul 03, 2017 9:42 am
Forum: Investing - Theory, News & General
Topic: What happens if the fund provider goes bankrupt?
Replies: 12
Views: 1773

Re: What happens if the fund provider goes bankrupt?

I don't get it. What does the MF (eg: VTSMX) or fund family (eg: Vanguard) have as it's own assets? Not your shares. My VG shares in all their MFs are held by a trust. I see this as like a trust that you leave as a will when you passed. The trust (fund) is managed by a trustee. The trustee then has ...
by MIpreRetirey
Sun Jul 02, 2017 12:50 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Fund in a rising rate environment
Replies: 59
Views: 5095

Re: Total Bond Fund in a rising rate environment

I'm thinking it definitely is just a matter of two things. In the short term there is always the volatility. In the short term a 15/85 AA (from avg. variance) has min. volatility. And a 30-35/70 AA has max sharp ratio, I believe. So either of these beat a IT mostly treasury bond fund as a 0/100 AA. ...
by MIpreRetirey
Sun Jul 02, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: Foretelling Global Stock Returns, 1980-2015
Replies: 18
Views: 2008

Re: Foretelling Global Stock Returns, 1980-2015

One takeaway point in the OP is that “high growth markets are not necessarily good investments — unless they can be purchased at low valuations.” Fortunately, it seems that broad emerging market index funds do regularly go on sale every few years (red arrows below), providing good buying opportunit...