Search found 1636 matches

by asset_chaos
Wed Nov 13, 2019 5:11 am
Forum: Investing - Theory, News & General
Topic: Vanguard and basketball
Replies: 12
Views: 1151

Vanguard and basketball

I'm watching the Oregon-Memphis college basketball game, and just after halftime it happens that the first half stats are brought to me by Vanguard---and the logo is definitely that of the Vanguard mutual fund company. I watch a lot of college hoops, and this is the first time I've ever seen Vanguar...
by asset_chaos
Mon Nov 11, 2019 4:43 pm
Forum: Investing - Theory, News & General
Topic: Morningstar's active bond ratings article
Replies: 17
Views: 1212

Re: Academics accuse Morningstar of misclassifying bond funds

From the paper: One might think that Morningstar uses these Summary Reports data to augment the detailed holdings it acquires from the SEC filings on the firm. However, Morningstar makes its risk classifications, fund style categorizations, and even fund ratings, solely based on this self-reported ...
by asset_chaos
Fri Nov 08, 2019 6:23 am
Forum: Investing - Theory, News & General
Topic: Boglehead Podcasts: Volunteers needed to convert the audio into text
Replies: 14
Views: 1284

Re: Boglehead Podcasts: Volunteers needed to convert the audio into text

The machine transcription of November's episode 15 is now in the shared drive. I did the human editing of the beginning and ending boilerplate and Rick's introduction of the guest.
by asset_chaos
Wed Nov 06, 2019 8:40 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Podcasts: Volunteers needed to convert the audio into text
Replies: 14
Views: 1284

Re: Boglehead Podcasts: Volunteers needed to convert the audio into text

Thanks to a suggestion from Pondering about the otter transcription site, a pretty good machine transcription of episode 9 is also now in the shared drive. I did the human editing for the introduction and closing segments (first couple of minutes and last minute).
by asset_chaos
Wed Nov 06, 2019 8:36 pm
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2344

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

I've now put episode 9 into the raw transcriptions folder with the others still needing human editing. I did the human editing for the introductory section. So you the one who keeps putting two spaces after each period, which I then remove. :D btw, I think we should move this discussion to here: ht...
by asset_chaos
Wed Nov 06, 2019 6:58 pm
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2344

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

Has anyone tried otter.ai to do this? To my knowledge, no one. As I see there's a free 600 minutes of transcription per month, and since the podcasts are all around 60 minutes, otter may be a viable option, particularly if it does better than google/youtube. Pondering, do you have an otter.ai accou...
by asset_chaos
Wed Nov 06, 2019 2:53 pm
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2344

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

Hi: A dedicated thread is probably a good idea, or a moderator/administrator might revise the title of this thread. I think I have the first couple of minutes of Episode 2 transcribed accurately. If you all will check this out, I can go ahead and copy this into the Bogle Center page (all fourteen o...
by asset_chaos
Wed Nov 06, 2019 1:44 am
Forum: Investing - Theory, News & General
Topic: Saudi Aramco, a microcosm of International Equities issues.
Replies: 26
Views: 1449

Re: Saudi Aramco, a microcosm of International Equities issues.

How does the market *accurately* price in that their extraction, processing or distribution facilities might (as happened in the last six weeks) or might not be militarily attacked? Intellectually honest people know that the answer to the above is “It can’t.” If accurate price discovery isn’t a con...
by asset_chaos
Wed Nov 06, 2019 1:26 am
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2344

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

Has anyone tried otter.ai to do this? To my knowledge, no one. As I see there's a free 600 minutes of transcription per month, and since the podcasts are all around 60 minutes, otter may be a viable option, particularly if it does better than google/youtube. Pondering, do you have an otter.ai accou...
by asset_chaos
Wed Nov 06, 2019 1:18 am
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2344

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

Hi: I do not have audio. Thus I need written text. wondering what you think the most efficient approach is. E.g. 1) machine translation, then 2) clean up and format by a human without audio based on machine text (which it seems you are willing to do), followed by 3) human with audio for final edit?...
by asset_chaos
Tue Nov 05, 2019 5:57 pm
Forum: Investing - Theory, News & General
Topic: Ex DFA CIO launches competitor which will also have ETFs
Replies: 157
Views: 16279

Re: Ex DFA CIO launches competitor which will also have ETFs

This is the frustration of trying to implement factor investing, there is some variability in the definitions and also differences in the screening methods. Yes, indeed. It probably wouldn't help their general marketing, but I don't understand why Avantis or other factor fund makers couldn't just s...
by asset_chaos
Tue Oct 29, 2019 11:29 pm
Forum: Non-US Investing
Topic: Rebalancing in taxable accounts with capital gains liabilities
Replies: 4
Views: 535

Re: Rebalancing in taxable accounts with capital gains liabilities

I was wondering if there would be a way to assess a trade off between incurring capital gains to adjust risk according to the investor's profile vs. letting the portfolio drift. It's a difficult question because it's a balance of a certain, known loss (the tax due upon selling) versus a benefit of ...
by asset_chaos
Tue Oct 29, 2019 1:43 am
Forum: Personal Finance (Not Investing)
Topic: Best option for transferring +/- 100k Euro to US$ account
Replies: 11
Views: 739

Re: Best option for transferring +/- 100k Euro to US$ account

I've used transferwise, not for euros and not for that large an amount, but I expect that, of the three options, the transferwise option will be by far the least costly. It has been for the exchanges I have made and compared prices on. Can you call the Irish bank and BoA and ask what their exchange ...
by asset_chaos
Sun Oct 27, 2019 2:45 am
Forum: Non-US Investing
Topic: Vanguard FTSE Global All Cap tracking error
Replies: 8
Views: 860

Re: Vanguard FTSE Global All Cap tracking error

I understand that 0.23% is quite high for US standards but I have personally decided I can live with it. There is a cheaper alternative - FTSE Developed World ex-U.K. Equity Index Fund (0.14%) + the one you mentioned for UK exposure (0.06%) (and then a bit more if you want EM and/or small caps). Th...
by asset_chaos
Fri Oct 25, 2019 9:56 pm
Forum: Investing - Theory, News & General
Topic: Tax Efficiency of VTWAX
Replies: 4
Views: 540

Re: Tax Efficiency of VTWAX

The Bogleheads wiki has a page on tax efficiency of total world. Bottom line conclusion is "The Vanguard Total World Index Fund is a very suitable candidate for placement in taxable accounts."
by asset_chaos
Fri Oct 25, 2019 6:23 pm
Forum: Non-US Investing
Topic: Vanguard FTSE Global All Cap tracking error
Replies: 8
Views: 860

Re: Vanguard FTSE Global All Cap tracking error

The older fund/etf VT that follows the same index reports 4 basis point tracking error since inception (mid 2008). VT has about 50x the assets and about 2000 more stocks, surely all of which are added at the mid-, small-cap end. Since inception VT started with a higher cost and currently has a lower...
by asset_chaos
Mon Oct 21, 2019 9:55 pm
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2344

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

I uploaded all 14 episodes as youtube videos and overnight the AI extracted the transcripts (except for episode 9; something happened and it's done nothing so far). I've saved those off as text files. I'm busy the rest of today, so won't be able to do any more till tomorrow. The question is where to...
by asset_chaos
Sun Oct 20, 2019 6:53 pm
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2344

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

The private youtube video I made for the test is here . Click on the cc symbol at the bottom of the frame to turn on captions. Click on the three horizontal dots below the video next to the word save and choose open transcript to see the transcript. I uploaded podcast #1 to youtube (privately, only...
by asset_chaos
Sun Oct 20, 2019 6:39 pm
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2344

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

And in paragraph form: [Music] Hello everyone and welcome to Bogleheads on Investing, episode number five. Today we have a special guest Gus Sauter former chief investment officer of the Vanguard group of mutual funds [Music] My name is Rick Ferri and I'm the host of Bogleheads on Investing. This po...
by asset_chaos
Sun Oct 20, 2019 6:37 pm
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2344

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

I went over the first 20 minutes or so of the episode 5 transcript. It took me about 30 minutes or so, mostly to check the video time marks to separate the speakers. I also fixed errors (but don't guarantee that I found and fixed all) in that time. Below is the 20 minutes with the time marks still i...
by asset_chaos
Sun Oct 20, 2019 1:48 am
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2344

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

Voice typing only seems to work with google docs in a chrome browser. I played a podcast on one laptop and had google docs listen on a chromebook. That didn't work so well. However, a little more digging finds that it's relatively easy to make a video from a podcast and a single image to upload to y...
by asset_chaos
Sat Oct 19, 2019 5:47 pm
Forum: Investing - Theory, News & General
Topic: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle
Replies: 36
Views: 2344

Re: Boglehead on Investing Podcast, partial transcription of Episode 1 with John C. Bogle

Have you tried the voice typing tool in google docs? I haven't had occasion to use the tool myself, but it looks like a possible route to easier transcription could be to play the podcast (or listen to the podcast through headphones and repeat the words) to a google doc which would write the words f...
by asset_chaos
Fri Oct 18, 2019 8:07 pm
Forum: Investing - Theory, News & General
Topic: Investing for the "great sag" - Dalio
Replies: 65
Views: 10325

Re: Investing for the "great sag" - Dalio

I wonder how this might affect one's investment strategy if at all? These are predictions about future market returns. I don't know about you, but since I have no ability to effect market returns, predictions about them don't effect my investment strategy. At best, echoing dcmachmon, they might eff...
by asset_chaos
Thu Oct 17, 2019 6:07 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Patented a Way to Avoid Taxes on Mutual Funds"
Replies: 140
Views: 9753

Re: "Vanguard Patented a Way to Avoid Taxes on Mutual Funds"

I can't see any legitimate complaint here about Vanguard. Any complaint I see would be a vague question about why do exchange traded funds have a structural tax advantage over mutual funds in the first place. The part I don't understand, however, is what the facilitators of heartbeat trades get out ...
by asset_chaos
Wed Oct 16, 2019 4:44 am
Forum: Investing - Theory, News & General
Topic: Alibaba (BABA) is an ADR of a VIE?
Replies: 5
Views: 549

Re: Alibaba (BABA) is an ADR of a VIE?

I looked under the ‘hood’ of several global indexes that include emerging market. 1.) The question I have is the largest or nearly largest holding is consistently BABA (Alibaba). Which global indices are you looking at? The FTSE global all cap index that vanguard total world fund follows, for insta...
by asset_chaos
Mon Oct 14, 2019 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard glitch] Your brokerage Consolidated Form 1099 is now available
Replies: 40
Views: 2047

Re: Odd time to receive 1099; Vanguard glitch

Yes, about 2 hours later, Vanguard email says, oops, that was a mistake, just ignore.
by asset_chaos
Mon Oct 14, 2019 4:50 pm
Forum: Investing - Theory, News & General
Topic: All world index country weight allocations?
Replies: 5
Views: 559

Re: All world index country weight allocations?

How does vanguard decide the percentage weightings per country for all world and/ or international indexes? It doesn't seem to be by market cap? If anyone decides, it is FTSE, the index provider, and FTSE does not decide country weightings for the global all cap index that total world fund follows....
by asset_chaos
Mon Oct 14, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard glitch] Your brokerage Consolidated Form 1099 is now available
Replies: 40
Views: 2047

Odd time to receive 1099; Vanguard glitch

[Thread merged into here, see below. --admin LadyGeek] I got an email from Vanguard time stamped 5 hours ago that my "Consolidated Form 1099 is now available on vanguard.com". Log on to the Vanguard tax center. There are no tax documents for 2019, as expected, and the 2018 consolidated 1099 sent ba...
by asset_chaos
Sat Oct 12, 2019 3:02 am
Forum: Investing - Theory, News & General
Topic: Vanguard: the case for global equity investing
Replies: 160
Views: 12198

Re: Vanguard: the case for global equity investing

Had money earlier this week to go into stocks. Invested all in total world, as I've been doing for core stocks since it came out. Quite content to just have a global index of stocks. No energy expended on whether 36 or 35% in international is optimal; no interest in looking up what subsector of the ...
by asset_chaos
Thu Oct 10, 2019 7:09 pm
Forum: Investing - Theory, News & General
Topic: How does a global fund allocate stocks?
Replies: 10
Views: 896

Re: How does a global fund allocate stocks?

Actually make that two caveats. The other one is that the index uses so-called free float to calculate market capitalization. Companies that have big chunks of shares not available to the general market have their market cap reduced for index inclusion by the amount of the unavailable shares. Think...
by asset_chaos
Wed Oct 09, 2019 3:36 pm
Forum: Investing - Theory, News & General
Topic: Only Good Argument Against Indexed Funds
Replies: 14
Views: 2934

Re: Only Good Argument Against Indexed Funds

Poor management, good management, is it really that easy to tell? Is there an obvious metric that classifies poorly managed (or is that manged) from well managed companies? And, if there is, does the management metric predict stock returns? Seems ripe for a new factor: GmB (good minus bad), long wel...
by asset_chaos
Tue Oct 08, 2019 3:03 am
Forum: Investing - Theory, News & General
Topic: How does a global fund allocate stocks?
Replies: 10
Views: 896

Re: How does a global fund allocate stocks?

Actually make that two caveats. The other one is that the index uses so-called free float to calculate market capitalization. Companies that have big chunks of shares not available to the general market have their market cap reduced for index inclusion by the amount of the unavailable shares. Think...
by asset_chaos
Tue Oct 08, 2019 2:53 am
Forum: Investing - Theory, News & General
Topic: How does a global fund allocate stocks?
Replies: 10
Views: 896

Re: How does a global fund allocate stocks?

Yes, with one caveat. The FTSE all-world index is developed markets only. Any company headquartered in an emerging market is excluded from FTSE all-world, no matter how large a market capitalization that company has. The Vanguard FTSE All World UCITS ETF has 10% allocated to emerging markets..... :...
by asset_chaos
Sun Oct 06, 2019 2:37 am
Forum: Personal Investments
Topic: All in on VT?
Replies: 30
Views: 4669

Re: All in on VT?

I am looking for advice on what high net worth individuals feel about putting hundreds of thousands of dollars and eventually multiple millions into one single fund. Is this something others do? This is what total market type funds are made for. My net worth is middlin for bogleheads but probably h...
by asset_chaos
Sun Oct 06, 2019 1:45 am
Forum: Investing - Theory, News & General
Topic: How does a global fund allocate stocks?
Replies: 10
Views: 896

Re: How does a global fund allocate stocks?

Actually make that two caveats. The other one is that the index uses so-called free float to calculate market capitalization. Companies that have big chunks of shares not available to the general market have their market cap reduced for index inclusion by the amount of the unavailable shares. Think ...
by asset_chaos
Sun Oct 06, 2019 1:38 am
Forum: Investing - Theory, News & General
Topic: How does a global fund allocate stocks?
Replies: 10
Views: 896

Re: How does a global fund allocate stocks?

Yes, with one caveat. The FTSE all-world index is developed markets only. Any company headquartered in an emerging market is excluded from FTSE all-world, no matter how large a market capitalization that company has.
by asset_chaos
Thu Oct 03, 2019 6:09 pm
Forum: Investing - Theory, News & General
Topic: Ex DFA CIO launches competitor which will also have ETFs
Replies: 157
Views: 16279

Re: Ex DFA CIO launches competitor which will also have ETFs

M* has filled in some portfolio numbers at least for ADVD international small value (the only Avantis fund I'm interested in right now). For what it's worth here are various size and valuation metrics compared to those for DFA World ex US Targeted Value and WisdomTree International Small Cap. Name t...
by asset_chaos
Tue Oct 01, 2019 2:59 am
Forum: Investing - Theory, News & General
Topic: Is "after tax" info available other than from Fidelity
Replies: 12
Views: 1000

Re: Is "after tax" info available other than from Fidelity

Isn't this information---and in the form of the OP's chart---a required part of every fund's prospectus? The return after tax on distributions and fund share sales chart has been in every prospectus I recall reading for many years. Or is the question about who continuously updates the tax cost info ...
by asset_chaos
Mon Sep 30, 2019 6:08 pm
Forum: Personal Investments
Topic: US Vanguard funds hedged to GBP
Replies: 7
Views: 554

Re: US Vanguard funds hedged to GBP

If Vanguard has a US bond fund hedged to GBP, it'll likely only be listed in the institutional web site, which by the way is open for anyone to view. A quick look reveals no US bond funds hedged to anything other than the US$.
by asset_chaos
Sun Sep 29, 2019 6:47 pm
Forum: Personal Investments
Topic: What is the least expensive way to get access to DFA funds?
Replies: 10
Views: 1410

Re: What is the least expensive way to get access to DFA funds?

Some DFA people left and started their own etfs that are supposed to be dfa-like, just cheaper and generally accessible. You could wait to see if these funds have the factor loadings you seek, and, if so, use them. There's another thread discussing them already.
by asset_chaos
Thu Sep 26, 2019 11:40 pm
Forum: Investing - Theory, News & General
Topic: Is a third of US equities trading volume off exchange?
Replies: 6
Views: 653

Is a third of US equities trading volume off exchange?

The graphic below appeared in an article in the Economist. If I'm reading the graph right, it says that over a third of US equities trading volume happens off exchange, which I think means through private arrangements or what is called over the counter. That's a lot more for stocks than I would have...
by asset_chaos
Wed Sep 25, 2019 5:18 pm
Forum: Investing - Theory, News & General
Topic: Expense Ratio of ETF - Increase when contractual waivers expire
Replies: 6
Views: 687

Re: Expense Ratio of ETF - Increase when contractual waivers expire

That information appears to be listed on Morningstar under the price tab for whatever fund you're interested in.
by asset_chaos
Wed Sep 25, 2019 5:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage account transition
Replies: 81
Views: 9223

Re: vanguard investment platform

I too have declined to switch to the brokerage only platform. I use dividend redirection, and the brokerage only platform does not allow that. When approached by Vanguard to switch, I've explained that when they fix the dividend redirection, I'll be ok to switch. Until then, I'm not going to volunt...
by asset_chaos
Wed Sep 25, 2019 3:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage account transition
Replies: 81
Views: 9223

Re: vanguard investment platform

I too have declined to switch to the brokerage only platform. I use dividend redirection, and the brokerage only platform does not allow that. When approached by Vanguard to switch, I've explained that when they fix the dividend redirection, I'll be ok to switch. Until then, I'm not going to volunt...
by asset_chaos
Tue Sep 24, 2019 4:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage account transition
Replies: 81
Views: 9223

Re: vanguard investment platform

Anyone else holding out on switching to Vanguard's "new" investment platform...and why. I am, and it's because in the past many times when someone tells me that a change is not going to create an additional hassle for me, that usually turns out not to be true. I too have declined to switch to the b...
by asset_chaos
Mon Sep 23, 2019 3:30 am
Forum: Non-US Investing
Topic: Investing in Australia
Replies: 21
Views: 1793

Re: Investing in Australia

There's a lot you're trying to get your head around. It's not likely you'll learn all things investing instantaneously. It's better to keep money in a safe savings account, than to make a rash and potentially costly investment before you have an investment plan that you understand and have confidenc...
by asset_chaos
Thu Sep 19, 2019 2:21 am
Forum: Non-US Investing
Topic: 3 fund portfolio for UK investor
Replies: 19
Views: 1241

Re: 3 fund portfolio for UK investor

Can you explain the rational for the selection of the funds invested in the Lifestrategy 100% equity fund please... :D Only Vanguard can properly explain their rational for the fund weightings in their lifestrategy funds, and why they are different in different countries around the world. Vanguard ...
by asset_chaos
Tue Sep 17, 2019 8:58 pm
Forum: Investing - Theory, News & General
Topic: Smallest market day portfolio change?
Replies: 13
Views: 1374

Re: Smallest market day portfolio change?

I don't know, but I expect that some day during the order 5000 market days I've been invested has had a zero portfolio change. The joint probability of me looking on that particular day is fairly small.
by asset_chaos
Mon Sep 16, 2019 2:28 am
Forum: Personal Investments
Topic: When should I rebalance?
Replies: 25
Views: 3275

Re: When should I rebalance?

While I think rebalance now is the correct default ex ante course, late enough in the year I might defer selling a gain until January, in order to defer the capital gains tax payment. Rebalancing for risk control always balances incurring certain known costs now with the potential for reducing unkno...