Search found 7469 matches

by grok87
Wed Sep 20, 2017 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: How to Liquidate Individual Municipal Bonds (and get the best price)
Replies: 4
Views: 370

Re: How to Liquidate Individual Municipal Bonds (and get the best price)

That's a tough one. With an average of 10k per bond i don't think you are going to get as good pricing as if you had say 50k or 100k per bond. Couldn't hurt to try online first. Here is some advice: 1) see if the bonds have traded recently on emma. 2) be prepared to sell at a discount to prices on ...
by grok87
Wed Sep 20, 2017 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: How to Liquidate Individual Municipal Bonds (and get the best price)
Replies: 4
Views: 370

Re: How to Liquidate Individual Municipal Bonds (and get the best price)

My mom (executor) has asked me to help her liquidate over 20 individual municipal bonds (all in one state) worth ~$200K. These bonds are in an estate account, due to passing of her husband recently, and the proceeds will be split between my mom and other family members. All of the individual munici...
by grok87
Tue Sep 19, 2017 8:06 pm
Forum: Investing - Theory, News & General
Topic: A different approach to asset allocation
Replies: 1435
Views: 568587

Re: A different approach to asset allocation

market timer wrote:
Tue Sep 19, 2017 7:16 pm
Net worth: $1.2mn, not counting wife's assets
Equity exposure: $0
Children: 2
congrats!
by grok87
Sat Sep 16, 2017 5:10 am
Forum: Investing - Theory, News & General
Topic: Securities lending revenue: DFA vs vanguard.
Replies: 14
Views: 1139

Re: Securities lending revenue: DFA vs vanguard.

remember Vanguard gives all of the securities lending income to its funds. DFA like other fund shops only gives its funds the legally required 50% of the lending income. First of all, a number of fund companies return 100% to the funds. Vanguard is hardly the only one. DFA does as well. These days ...
by grok87
Sat Sep 16, 2017 4:31 am
Forum: Personal Consumer Issues
Topic: Any Ford Escape drivers in Boglehead-land?
Replies: 23
Views: 2263

Re: Any Ford Escape drivers in Boglehead-land?

jadedfalcons wrote:
Sat Sep 16, 2017 3:58 am
Just keep this in mind if you get the Escape.

https://www.youtube.com/watch?v=TxFp7atlOwI
that's pretty funny
http://arresteddevelopment.wikia.com/wiki/Ford_Escape
by grok87
Wed Sep 13, 2017 6:59 pm
Forum: Investing - Theory, News & General
Topic: Securities lending revenue: DFA vs vanguard.
Replies: 14
Views: 1139

Re: Securities lending revenue: DFA vs vanguard.

remember Vanguard gives all of the securities lending income to its funds. DFA like other fund shops only gives its funds the legally required 50% of the lending income.
[edit: corrected my error]
by grok87
Tue Sep 12, 2017 5:38 am
Forum: Investing - Help with Personal Investments
Topic: first time CD through V Brokerage: any cautions?
Replies: 9
Views: 1154

Re: first time secondary CD through V Brokerage: any cautions?

1) if you pay a premium over par, then that premium is not FDIC insured. This is just what I needed, thanks. So this is why they have higher yields. sure. there is another reason for the higher yields of brokered CDs vs say regular CDs. Regular CDs often have an early withdrawal feature. This lets ...
by grok87
Sun Sep 10, 2017 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: first time CD through V Brokerage: any cautions?
Replies: 9
Views: 1154

Re: first time CD through V Brokerage: any cautions?

I've always bought retails CDs but since I'm not considering redeeming before maturity I am considering getting non-callable 7 year CDs on the secondary market through Vanguard. It looks very straightforward but I have little experience with brokerage accounts or secondary markets. Is there anythin...
by grok87
Fri Sep 08, 2017 7:10 pm
Forum: Personal Consumer Issues
Topic: Waterproof container for documents-pending Florida hurricane
Replies: 29
Views: 2314

Re: Waterproof container for documents-pending Florida hurricane

Scan / photograph them, and store it in some cloud storage (iCloud, Box, Dropbox, etc., etc.). If you want, put the originals in your dishwasher (it is, after all, water-tight). dishwasher is a great idea I've read that but then I've also read concerns about the drain connection. Dishwashers do hav...
by grok87
Thu Sep 07, 2017 2:19 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 350
Views: 38822

Re: Flaunt Your High-Mileage Car

2001 honda odyssey with 140 k miles.
I nearly threw in the towel a couple of years ago when i had to replace the transmission. So far so good.
by grok87
Wed Sep 06, 2017 8:33 pm
Forum: Personal Consumer Issues
Topic: Waterproof container for documents-pending Florida hurricane
Replies: 29
Views: 2314

Re: Waterproof container for documents-pending Florida hurricane

billthecat wrote:
Wed Sep 06, 2017 10:17 am
Scan / photograph them, and store it in some cloud storage (iCloud, Box, Dropbox, etc., etc.). If you want, put the originals in your dishwasher (it is, after all, water-tight).
dishwasher is a great idea
by grok87
Thu Aug 24, 2017 10:22 pm
Forum: Personal Consumer Issues
Topic: Dual Citizenship (USA/Portugal); Obtaining a Portuguese Passport
Replies: 10
Views: 1151

Re: Dual Citizenship (USA/Portugal); Obtaining a Portuguese Passport

not trying to discourage your wife from getting the dual citizenship, but she will need to do this carefully so as not to jeopardize her US citizenship

https://travel.state.gov/content/travel ... ality.html
by grok87
Wed Aug 23, 2017 9:33 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 7 Reasons Why Advisors Should Use Bond Ladders
Replies: 7
Views: 1896

Re: Larry Swedroe: 7 Reasons Why Advisors Should Use Bond Ladders

Interesting article. Re the credit risk point, ie the argument that there have been basically zero losses from AA/AAA GO bonds in the last x number of years... 1) it is worth thinking about the Near misses etc. orange county was AA when it defaulted in 1994. The train wreck that is the state of Illi...
by grok87
Sun Aug 20, 2017 4:23 pm
Forum: Investing - Theory, News & General
Topic: Boston Globe: Smart Investors May be Killing Capitalism
Replies: 44
Views: 4220

Re: Boston Globe: Smart Investors May be Killing Capitalism

The fault with all of these articles (that bash index funds) is that they fail to recognize that you need only a very small proportion of investors to be active in order to have reasonable price discovery. In other words, there is no problem unless almost everyone in an indexer, which will never ha...
by grok87
Fri Aug 18, 2017 11:51 am
Forum: Investing - Theory, News & General
Topic: WSJ - ... Stop Index Trackers [from] Eating the Economy
Replies: 23
Views: 3079

Re: WSJ - ... Stop Index Trackers [from] Eating the Economy

Anyone else amused by the comment that they are now putting more effort into choosing the best active managers? Now I get it. Until now no one really tried to pick good active managers. Surely anyone.who sets out to pick managers who can beat the market will succeed. All they have to do is try. goo...
by grok87
Thu Aug 17, 2017 8:58 am
Forum: Investing - Theory, News & General
Topic: WSJ - ... Stop Index Trackers [from] Eating the Economy
Replies: 23
Views: 3079

Re: WSJ - ... Stop Index Trackers [from] Eating the Economy

An interesting article in the WSJ (title: "World’s Biggest Pension Fund Wants to Stop Index Trackers Eating the Economy") https://goo.gl/8WRV2r Pay-walled. This is a non-walled version: https://goo.gl/nWRQP2 I realize the gut-response of boggleheads is to dismiss this thinking. Disclosure: I am mos...
by grok87
Thu Aug 17, 2017 5:20 am
Forum: Investing - Theory, News & General
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 85
Views: 11346

Re: Study: The Rate of Return on Everything, 1870-2015

If interested in more about this research, covering 17 advanced countries from 1870-2015, one can access for free some of the original data sets in Excel format (including housing prices, stock prices, interest rates, inflation rates, real GDP growth and more) — plus read similar papers that have b...
by grok87
Tue Aug 15, 2017 7:46 pm
Forum: Investing - Theory, News & General
Topic: Upcoming 2017 changes to Vanguard REIT fund(s)
Replies: 23
Views: 4115

Re: Upcoming 2017 changes to Vanguard REIT fund(s)

thanks for the heads up.

not a fan of this change...
by grok87
Fri Aug 11, 2017 7:45 am
Forum: Investing - Theory, News & General
Topic: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)
Replies: 56
Views: 5668

Re: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)

no they are not corporates. they would be pools of mortgages that are without any sort of backing- be it federal (GNMA) or government-sponsored-enterprise (GSE = Fannie/Freddie) My understanding or maybe misunderstanding. GNMAs are motgage pools guaranteed by US. GSE mortgage pools do not have a US...
by grok87
Thu Aug 10, 2017 6:57 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)
Replies: 56
Views: 5668

Re: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)

non-agency MBS would not be government I didn't pose the question well. Actually I messed it up completely. Let me try again. Are non-agency MBS corporates? The reason I get confused is that agency MBS is government but not agency MBS is securitized which is a different category from corporate. Or ...
by grok87
Thu Aug 10, 2017 5:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)
Replies: 56
Views: 5668

Re: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)

Good point, but the investment grade funds are only about half corporates VFIDX Intermediate IG Guv 14.5% Corp 69.6% Securitized 13.9% Source Morningstar. thanks. i was looking at the short term one... The short fund is only 22% guv (17% Treasuries) Part of the difference is in the securitized. Are...
by grok87
Thu Aug 10, 2017 8:43 am
Forum: Investing - Theory, News & General
Topic: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)
Replies: 56
Views: 5668

Re: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)

Doc wrote:
grok87 wrote:Good point, but the investment grade funds are only about half corporates
VFIDX Intermediate IG

Guv 14.5%
Corp 69.6%
Securitized 13.9%

Source Morningstar.
thanks. i was looking at the short term one...
by grok87
Wed Aug 09, 2017 10:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)
Replies: 56
Views: 5668

Re: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)

I think the end game here is they merge the active treasury funds into the new index treasury funds They may keep them seperate like they do with their investment grade and corp bond fund? They still have vfsux and vficx on the active side vs vcsh and vcit which are passive fund. Only time will tel...
by grok87
Wed Aug 09, 2017 7:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)
Replies: 56
Views: 5668

Re: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)

I think the end game here is they merge the active treasury funds into the new index treasury funds
by grok87
Wed Aug 09, 2017 6:35 pm
Forum: Investing - Theory, News & General
Topic: 40 / 30 / 30. Any good ?
Replies: 12
Views: 1801

Re: 40 / 30 / 30. Any good ?

How do you know that gold's real valuation is $500 or below? One way is to look at gold miners production cost per ounce. While it varies, this link supports the idea that the lowest cost miners are in the 500-800 range https://www.cnbc.com/2016/06/17/worlds-lowest-cost-gold-producer-eyes-even-more...
by grok87
Wed Aug 09, 2017 12:58 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Volatility As A Strategy
Replies: 56
Views: 4892

Re: Swedroe: Volatility As A Strategy

What would you be holding if you were 35 had an 8 year old. Had $85k for her education and had 10 years to make sure it got to $200? Bonds aren't going to do it. jbolden1517" First, I would recognize the fact that NO 85K investment will "make sure it got to $200 in ten years." Second, I would not p...
by grok87
Sun Aug 06, 2017 4:36 pm
Forum: Investing - Theory, News & General
Topic: Question about Vanguard Flagship Free Trades
Replies: 4
Views: 624

Re: Question about Vanguard Flagship Free Trades

I have been Flagship for many years. I have always invested with funds and never used any of the free trades. I am considering regularly investing into a non-Vanguard ETF; if I do this, I could use the free trades. The Vanguard site lists 25 free trades for Flagship. Question is whether this is 25 ...
by grok87
Sun Aug 06, 2017 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Bond Fund Piñata
Replies: 27
Views: 3095

Re: Bond Fund Piñata

Foreign bonds also don't help that much. Dollar-hedging them is cheap enough that they're basically exposed to the same risks as US bonds. If you don't dollar hedge them, you're taking on exchange-rate risk, which has zero expected return. The vanguard international bond fund uses "spot" currency h...
by grok87
Thu Aug 03, 2017 6:03 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Volatility As A Strategy
Replies: 56
Views: 4892

Re: Swedroe: Volatility As A Strategy

"The authors based their volatility returns primarily on two instruments: variance swaps and options. Their data series has an earliest start date of 1995, with starting dates varying depending on data availability."

Yep. Nicely missing the 1987 crash
by grok87
Tue Aug 01, 2017 4:26 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4503

Re: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]

Once one gets down to "a few basis points" things like securities lending (SL) policies start to matter. As this article points out, vanguard gives 100% of SL income to its funds. Most others only do the legal minimum of 50%. That's a few basis points right there. http://www.barrons.com/articles/SB5...
by grok87
Thu Jul 27, 2017 6:50 am
Forum: Investing - Theory, News & General
Topic: CD Rates so much higher than bonds?
Replies: 14
Views: 2102

Re: CD Rates so much higher than bonds?

Another thing that has not been mentioned yet is state taxes. With cds you pay it with treasuries you don't. Obviously only relevant for investments in a taxable account Let's say someone pays 10% state tax and assume the OP's cd is a brokerage one. Then the 2.8% nets to 2.52% or 26 bps more than th...
by grok87
Wed Jul 26, 2017 8:43 pm
Forum: Investing - Theory, News & General
Topic: CD Rates so much higher than bonds?
Replies: 14
Views: 2102

Re: CD Rates so much higher than bonds?

On a slightly different track, I think of CDs as bonds with a put feature. this is sort of true with regular CDs. Even then i think this put feature "ain't what it used to be" as early withdrawal penalties have become more punitive. Also there is no guarantee in general of being able to withdraw ea...
by grok87
Wed Jul 26, 2017 8:39 pm
Forum: Investing - Theory, News & General
Topic: CD Rates so much higher than bonds?
Replies: 14
Views: 2102

Re: CD Rates so much higher than bonds?

agree with both badger and dandan
by grok87
Tue Jul 25, 2017 5:38 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 Dividend + Buyback Yield
Replies: 13
Views: 978

Re: S&P 500 Dividend + Buyback Yield

I think all those figures are gross buybacks. A lot of the time companies appear to be buying back a lot of stock but they are just offsetting the dilution that comes from all the stock options they issue to their execs. this is a little dated but still makes the point https://www.researchaffiliate...
by grok87
Tue Jul 25, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: S&P 500 Dividend + Buyback Yield
Replies: 13
Views: 978

Re: S&P 500 Dividend + Buyback Yield

I think all those figures are gross buybacks.

A lot of the time companies appear to be buying back a lot of stock but they are just offsetting the dilution that comes from all the stock options they issue to their execs.
by grok87
Tue Jul 25, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: Ben Carlson on Commodities
Replies: 12
Views: 1165

Re: Ben Carlson on Commodities

Does anyone know if there is a commodity fund or etf that is "backwardation" focused?

There used to be an etn by credit suisse ticker CSCR but it got called early due to lack of interest.
by grok87
Mon Jul 24, 2017 4:03 pm
Forum: Personal Consumer Issues
Topic: Best Way to Sharpen Tools
Replies: 11
Views: 1165

Re: Best Way to Sharpen Tools

I have a push mower with curved blades i think- what would woRk for that?
by grok87
Mon Jul 24, 2017 4:01 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Drives Municipal Bond Yields
Replies: 42
Views: 3439

Re: Larry Swedroe: What Drives Municipal Bond Yields

The article is silent on the big one to me, calls. Almost all munis are callable, treasuries never. So the buyer of a muni takes almost all the risk of rising interest rates and gets almost no benefit from falling interest rates. it's a great point.... Of course, those who hold munis in a rising ra...
by grok87
Mon Jul 24, 2017 6:52 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: REITs Aren't Special
Replies: 106
Views: 8668

Re: Larry Swedroe: REITs Aren't Special

All of the big finance guys like Larry make a ton of money.If they did not keep coming up with reasons for this and reasons for that and all of the technical mumbo jumbo,they would not be big rich financial guys.The truth is that a simple diversified portfolio is all anyone needs and all of the til...
by grok87
Sun Jul 23, 2017 5:21 pm
Forum: Investing - Theory, News & General
Topic: Can a TIPS ladder 'fail' ?
Replies: 101
Views: 8506

Re: Can a TIPS ladder 'fail' ?

As others have pointed out, if you hold to maturity there is no risk, assuming you are using it to fund "real" future spending needs. But personally i'm not expecting to necessarily hold my tips ladder to maturity. I plan to keep buying 30 year tips till i am say 65. Sometime in my 80s i plan to sel...
by grok87
Sun Jul 23, 2017 1:31 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Drives Municipal Bond Yields
Replies: 42
Views: 3439

Re: Larry Swedroe: What Drives Municipal Bond Yields

The article is silent on the big one to me, calls. Almost all munis are callable, treasuries never. So the buyer of a muni takes almost all the risk of rising interest rates and gets almost no benefit from falling interest rates. it's a great point. take the vanguard long term tax exempt bond fund ...
by grok87
Sat Jul 22, 2017 9:17 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Drives Municipal Bond Yields
Replies: 42
Views: 3439

Re: Larry Swedroe: What Drives Municipal Bond Yields

grabiner wrote: your expected return is still the SEC yield.
+1
by grok87
Sat Jul 22, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: REITs Aren't Special
Replies: 106
Views: 8668

Re: Larry Swedroe: REITs Aren't Special

Some folks seem to feel reits are overvalued. One metric thrown out is their dividend yield compared to the total stock market.
I'd be curious anout any others?

Here is a link arguing that reits are NOT overvalued

https://www.greenstreetadvisors.com/insights/avgpremnav
by grok87
Sat Jul 22, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: What's with the narrow spread in 1-year and 2-year Treasury yields (~14 bp)?
Replies: 11
Views: 1219

Re: What's with the narrow spread in 1-year and 2-year Treasury yields (~14 bp)?

Yesterday the 3-month was higher than the 6-month: 1.15 and 1.12, respectively. Today, a little wider with a 6 bps difference, 1.16 and 1.10. Seem inconsequential but a little odd. This inversion is being attributed to concern that the 3-month payment could be delayed due to a debt ceiling impasse:...
by grok87
Sat Jul 22, 2017 8:40 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: REITs Aren't Special
Replies: 106
Views: 8668

Re: Larry Swedroe: REITs Aren't Special

It is true that REITs provide exposure to the Size, Value, Term, and Credit factors and can be historically (mostly) replicated via a combination of small/mid-cap value + Corporate Bonds: thanks. 3 quick thoughts: 1) I wonder if there is a tax angle that is being ignored here. some of reits return ...
by grok87
Fri Jul 21, 2017 3:07 pm
Forum: Investing - Theory, News & General
Topic: Bogle is pro-SCV!
Replies: 36
Views: 4117

Re: Bogle is pro-SCV!

[Snip...] 5) so arguably one could take 2 different roads: a) treasuries and small cap value or b) tips and total stock market. With a) the treasuries should hedge the deflationary scenaRios when scv does poorly. But i prefer b) as the inflation hedge is more guaranteed and tips offer some protecti...
by grok87
Fri Jul 21, 2017 5:46 am
Forum: Investing - Theory, News & General
Topic: Bogle is pro-SCV!
Replies: 36
Views: 4117

Re: Bogle is pro-SCV!

A few thoughts. 1) fama and french have a new model that incorporates two new factors, profitability and "low investment" as well as their original small and value factors. In this model they found that value actually drops out, ie is no longer statistically significant. So f&f have no retraced the ...
by grok87
Sun Jul 16, 2017 10:13 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 143
Views: 13202

Re: My Favorite Alternative Funds

To bring it back to the thread topic, are you aware of any alternative funds focused on long short "profitability/investment". I'm aware that some of the AQR alternatives may use these factors but they don't seem focused on them. They seem more focused on momentum and value. cheers, grok No. But wo...
by grok87
Sun Jul 16, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 143
Views: 13202

Re: My Favorite Alternative Funds

I guess the question is (at least for me), is it better to invest in a Large Cap Value fund or a Large Cap "High Profitability/Low Investment" Fund (assuming you could find one). I don't know the answer to this but I suspect that the latter might better avoid value traps. Would be interested in wha...