Search found 8359 matches

by grok87
Tue Oct 16, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: The Section 199A Tax Benefits Of REITs Over Direct Real Estate Investments at Kitces.com by Jeffrey Levine
Replies: 8
Views: 955

Re: The Section 199A Tax Benefits Of REITs Over Direct Real Estate Investments at Kitces.com by Jeffrey Levine

Have you ever had to file amended tax returns because of mis-reporting by the reits before? I haven't, but for many, yes, that used to be quite common many years ago. My brokerage (Fidelity) would send out the 1099-DIV summary in late February, and then send out one, two or even three amended 1099-...
by grok87
Tue Oct 16, 2018 7:12 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 24
Views: 1976

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

tomorrow (wednesday) is the last day to place auction orders (there may be a short window thursday morning. the 30 year tips bonds are trading on the secondary at 95.30. if the auction price is the same (could be higher or lower) you will need roughly $976.58 for each bond, since the index factor is...
by grok87
Tue Oct 16, 2018 6:10 am
Forum: Investing - Theory, News & General
Topic: The Section 199A Tax Benefits Of REITs Over Direct Real Estate Investments at Kitces.com by Jeffrey Levine
Replies: 8
Views: 955

Re: The Section 199A Tax Benefits Of REITs Over Direct Real Estate Investments at Kitces.com by Jeffrey Levine

Since the late 90's I created my own REIT mutual fund, currently holding 21 Equity REITs, including preferred stock, in a taxable account. This provides a large part of our required household income. Needless to say, Sec. 199A will be a windfall to those who do what I do. But the challenge here is ...
by grok87
Mon Oct 15, 2018 4:03 pm
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1563

Re: Does anyone invest in commodities through an index?

Ok, I get it. I have (I think) a prudent portfolio for a retiree, 30% in globally diversified equities with a tilt toward emerging markets (my crystal ball hunch), the other 70% in a 10 year TIPs ladder to cover expenses (in addition to my SS) and the rest in a short term bond fund. So my next ques...
by grok87
Mon Oct 15, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 24
Views: 1976

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

To be fair, it’s not as if bond yields have no natural level. But the natural level is I think roughly related to gdp growth. Ie I think long term real rates might be some function of long term real gdp growth. And I don’t think that level is lower than it used to be. I respectfully disagree. Aging...
by grok87
Mon Oct 15, 2018 7:05 am
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1563

Re: Does anyone invest in commodities through an index?

Ok, I get it. I have (I think) a prudent portfolio for a retiree, 30% in globally diversified equities with a tilt toward emerging markets (my crystal ball hunch), the other 70% in a 10 year TIPs ladder to cover expenses (in addition to my SS) and the rest in a short term bond fund. So my next ques...
by grok87
Mon Oct 15, 2018 6:54 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 24
Views: 1976

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

1.5% I start buying, 2%, I'm all in. I don't expect to see the latter for a long time, if ever. yep i also think the days of 2% yield are gone. but never say never i suppose. It's possible. The yields on Japanese 10 year bonds fell below 2% in 1998 and haven't breached that level since. They've bee...
by grok87
Sun Oct 14, 2018 7:43 pm
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1563

Re: Does anyone invest in commodities through an index?

bebgsurg wrote:
Sun Oct 14, 2018 5:19 pm
People are using the abbreviation CCF. What does it stand for?
Hi bebgsurg and welcome to the forum,
CCF = Collateralized Commodity Futures fund.

this post upthread discusses them
viewtopic.php?f=10&t=261374&p=4166214#p4165226

cheers,
grok
by grok87
Sun Oct 14, 2018 7:42 pm
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1563

Re: Does anyone invest in commodities through an index?

bebgsurg wrote:
Sun Oct 14, 2018 5:19 pm
People are using the abbreviation CCF. What does it stand for?
Hi bebgsurg and welcome to the forum,
CCF = Collateralized Commodity Futures fund.
cheers,
grok
by grok87
Sun Oct 14, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 24
Views: 1976

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

gmaynardkrebs wrote:
Sun Oct 14, 2018 4:47 pm
1.5% I start buying, 2%, I'm all in. I don't expect to see the latter for a long time, if ever.
yep i also think the days of 2% yield are gone. but never say never i suppose.
by grok87
Sun Oct 14, 2018 5:32 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 24
Views: 1976

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

Nope, bond yields still not that attractive to me. If i'm reading this right: Daily Treasury Real Yield Curve Rates even 5 year TIPS appear to be yielding over 1% , so unless I was planning on building a very long-term ladder, and had especially dismal outlook on the future, locking in for 30 years...
by grok87
Sun Oct 14, 2018 5:32 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 24
Views: 1976

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

jebmke wrote:
Sun Oct 14, 2018 2:30 pm
Still got a ways to go for me. When 10-15 years get north of 1.5% I might take a look.
the last time 10 year tips yield was at 1.5% was 2010
https://fred.stlouisfed.org/series/DFII10
by grok87
Sun Oct 14, 2018 5:30 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 24
Views: 1976

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

IIRC, the '4% rule' can be guaranteed with a 1.2% real yield. So TIPS are getting closer to offering this (although it's not possible to set up a 30 year TIPS ladder at one point in time, to my knowledge). Of course, that would be locking in some of the lowest historic rates for a balanced portfoli...
by grok87
Sun Oct 14, 2018 5:29 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 24
Views: 1976

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

garlandwhizzer wrote:
Sun Oct 14, 2018 1:49 pm
Not yet. When it gets to 2%, I'll consider it seriously.

Garland Whizzer
2% would be nice. reminds me of this post back in 2011
viewtopic.php?t=64679&start=50
"30 year TIPs yield at 1.98%- back up the truck, beep, beep.."
by grok87
Sun Oct 14, 2018 5:27 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 24
Views: 1976

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

Hi grok, I'm in too, as usual. Just filling out this year's rung on the ladder, building my little LMP. It's been entertaining to follow rates over the last few weeks; especially the slope. And that little equity burp last week wasn't too much of a surprise in that context, seems to me. I suppose r...
by grok87
Sun Oct 14, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1563

Re: Does anyone invest in commodities through an index?

Swedroe in his books about alternative investments, chapter 3, he says the following... “COMMODITIES, WHICH FALL within the broad category of hard assets, are an interesting class from a portfolio perspective. Since 1970, they have provided relatively high returns, exhibited negative correlations w...
by grok87
Sun Oct 14, 2018 12:01 pm
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1563

Re: Does anyone invest in commodities through an index?

Do you invest in commodities? And if yes, why? No matter when I look at commodities as a passive investment I come up with the same impression, not worth it. While reading the WSJ, the following article showed up which seems to say it all... Why Commodity-Index Investing May Be Futile It’s harder t...
by grok87
Sun Oct 14, 2018 10:06 am
Forum: Investing - Theory, News & General
Topic: The Section 199A Tax Benefits Of REITs Over Direct Real Estate Investments at Kitces.com by Jeffrey Levine
Replies: 8
Views: 955

Re: The Section 199A Tax Benefits Of REITs Over Direct Real Estate Investments at Kitces.com by Jeffrey Levine

Was there ever resolution to the question of whether REIT mutual funds/ETFs qualified for the favorable tax treatment? My understanding is that the 199A 20% tax deduction benefit will only apply for individual REITs and will not apply for the funds (REIT mutual funds or ETFs). yep, that is my under...
by grok87
Sun Oct 14, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1563

Re: Does anyone invest in commodities through an index?

Do you invest in commodities? And if yes, why? No matter when I look at commodities as a passive investment I come up with the same impression, not worth it. While reading the WSJ, the following article showed up which seems to say it all... Why Commodity-Index Investing May Be Futile It’s harder t...
by grok87
Sun Oct 14, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: Bloomberg commodities index still in contango
Replies: 88
Views: 8093

Re: Bloomberg commodities index still in contango

latest data out, october report, data as of end of september
https://data.bloomberglp.com/promo/site ... utlook.pdf

bloomberg commodity index still shows material contango at -3.1%. so not time to buy collateralized commodity futures (CCF) yet.
see page 21
cheers,
grok
by grok87
Sun Oct 14, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: Does anyone invest in commodities through an index?
Replies: 27
Views: 1563

Re: Does anyone invest in commodities through an index?

The problem with investing in commodities is that they have an expected real return of zero. Maybe true or false. CCF have 3 sources of return... collateral, spot price, and roll yield. Collateral are usually t-bills so real return of zero or worse (taxes). Spot price is real return zero as you des...
by grok87
Sun Oct 14, 2018 8:52 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 24
Views: 1976

30 yr TIPs auction: Oct. 18: 1.2% real yield?

This thursday the treasury will be auctioning 30 year tips. Since this is a re-opening, we can look to the secondary market yield of 1.19% for guidance as to what the expected auction real yield might be. I'm hoping we get to at least 1.2% at thursday's auction. I am planning to buy. Anyone else par...
by grok87
Mon Oct 08, 2018 5:52 am
Forum: Investing - Theory, News & General
Topic: "Retirement age uncertainty increases the savings needed for success"
Replies: 24
Views: 2331

Re: "Retirement age uncertainty increases the savings needed for success"

Good article. I like the idea of assuming age 61 for retirement to help in planning. Personally i am going with 62 as that makes it easy to factor in Social Security -since that is the earliest age one can draw social security benefits. Note: i think for most people starting Social Security at age 6...
by grok87
Sun Oct 07, 2018 7:02 pm
Forum: Investing - Theory, News & General
Topic: Getting the best part of the yield curve without DFA
Replies: 3
Views: 378

Re: Getting the best part of the yield curve without DFA

agree with stlutz that just used funds/etfs to target the duration you want.

the problem with the fama approach is that while it may be the best approach for bonds in isolation it's not clear it is the best approach for a stock/bond portfolio, for example 70/30 or 60/40.
by grok87
Sun Oct 07, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Can I Hold Off "Upgrading" to Vanguard Brokerage until 2019?
Replies: 45
Views: 4587

Re: Can I Hold Off "Upgrading" to Vanguard Brokerage until 2019?

Bmac wrote:
Sat Sep 29, 2018 12:27 pm
I don’t know if Vanguard can upgrade your account unilaterally. I think the account owner is required to click through the process. So maybe just keep ignoring the notifications for 3 more months.
that is my understanding as well
by grok87
Sat Oct 06, 2018 8:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!
Replies: 18
Views: 1116

Re: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!

Since QSPIX's inception (10/30/2013) ... QSPIX: +31.3% VMNFX: +11.7% I think Asness is winning. i don't think QSPIX (aqr style premia fund) and VMNFX (vanguard market neutral fund) are strictly speaking comparable. Morningstar for example puts QSPIX in the multi-alternative category and VMNFX in th...
by grok87
Sat Oct 06, 2018 8:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!
Replies: 18
Views: 1116

Re: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!

Based on all history to date, the only question I have is why one would want either one. I did get a kick out of this line from the annual report for the VG fund: "The strongest driver of performance during the period was our positioning in commodity-linked investments, which led to the fund's bigg...
by grok87
Sat Oct 06, 2018 8:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!
Replies: 18
Views: 1116

Re: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!

Based on all history to date, the only question I have is why one would want either one. Very well, QSPIX (yellow) beat the category average (orange), and VASFX (blue) beat QSPIX--but neither of them beat Morningstar's "moderate target risk" benchmark (green). To my eyeball it doesn't look as if ei...
by grok87
Sat Oct 06, 2018 7:31 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!
Replies: 18
Views: 1116

Re: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!

Never thought I would see the day when there is a serious debate on which one of the loser funds earning 2% annualized over 3 yeard period is better, that too at a time a straight S&P 500 fund would have earned 15% annualized. I think the point of investing in alternatives is that there may be peri...
by grok87
Sat Oct 06, 2018 3:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!
Replies: 18
Views: 1116

Re: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!

I looked up the Vanguard fund on the Vanguard website. From the description, I have no idea what this fund does. I seriously doubt though that it’s an apples to apples comparison with QSPIX. Each fund is so unique with so many moving parts; likely different beasts. To me it looks like the AQR fund ...
by grok87
Sat Oct 06, 2018 3:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!
Replies: 18
Views: 1116

Re: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!

Since inception of Vanguard Alt Strategies, looks like AQR Style Premia is up more but with higher vol (less than 3 years history, doesn't say much)? thanks. can you post your figures please? one of the reasons for my post is that VASFX now has a 3 year history (which is what i did the comparison o...
by grok87
Sat Oct 06, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!
Replies: 18
Views: 1116

Re: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!

Haha, nicely done VG! One of these days when our portfolio is sizeable, we might throw in some ca$h at alternatives. I imagine that by then the funds will have a long track record. (not happening anytime soon for us) My target for Alternatives other than real-estate is 5% of my risk portfolio. I’m ...
by grok87
Sat Oct 06, 2018 8:39 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!
Replies: 18
Views: 1116

Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!

Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!!! ok so really more of a tie (or was it?) For the 3 year's ending 9/30/18 the annual CAGR's were: Vanguard Alternative Strategies VASFX: 2.16% AQR Style Premia QSPIX: 2.15% AQR LV Style Premia QSLIX: 1.69% now we get to...
by grok87
Fri Oct 05, 2018 11:26 am
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 7591

Re: Key differences between investing philosophies: Swedroe vs. Bogle

Jack believes in portfolio simplicity. Larry believes in portfolio complexity. I believe in Jack. Rick Ferri Why do you believe in a person rather than in the evidence? As far as I've understood, Swedroe's advice is based on the evidence provided by academic studies. Shouldn't peer reviewed studies...
by grok87
Fri Oct 05, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Cashless warrant exercise - tax consequences?
Replies: 5
Views: 787

Re: Cashless warrant exercise - tax consequences?

update: the cash-less exercise of the warrants was successful. then new shares are there and show what i was expecting. that my basis in the warrants carried over to the new shares and the unrealized gain is shown as long-term. there was a cash-in-lieu payout for a fractional share. i did not buy a ...
by grok87
Tue Oct 02, 2018 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: REIT ETFs in Taxable Account: To sell or not ?
Replies: 23
Views: 1764

Re: REIT ETFs in Taxable Account: To sell or not ?

Aside from the reasons listed by the good folks above, VNQ's were the sole reason why I had to file amended returns 4 of the past 5 years. Corrections on Return of Capital, Unrecaptured Section 1250 Gain, etc. Ditch 'em. You'll be glad you did. And good riddance. Thanks. I wonder if that problem st...
by grok87
Tue Oct 02, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: REIT ETFs in Taxable Account: To sell or not ?
Replies: 23
Views: 1764

Re: REIT ETFs in Taxable Account: To sell or not ?

Depending on your tax rate you may be able to keep REIT's in taxable, if really want to invest in real estate. New Tax Plan Is Boon for REITs But, they could have made the deduction 30% instead of 20%. Just FYI. Only applies to individual reits held In taxable accounts. Mutual funds and etfs do not...
by grok87
Mon Oct 01, 2018 6:25 pm
Forum: Investing - Theory, News & General
Topic: Will size and value factor premia still exist in 20-30 years?
Replies: 13
Views: 1138

Re: Will size and value factor premia still exist in 20-30 years?

I don't think so. Heck, I already think they are gone. A key component to this is why you think they existed in the first place. Knowledge of the value premium killed this anomaly. More efficient trading and information killed size. not only that. fama and french don't believe in value either. they...
by grok87
Mon Oct 01, 2018 4:06 pm
Forum: Investing - Theory, News & General
Topic: Will size and value factor premia still exist in 20-30 years?
Replies: 13
Views: 1138

Re: Will size and value factor premia still exist in 20-30 years?

I don't think so. Heck, I already think they are gone. A key component to this is why you think they existed in the first place. Knowledge of the value premium killed this anomaly. More efficient trading and information killed size. not only that. fama and french don't believe in value either. they...
by grok87
Mon Oct 01, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Cashless warrant exercise - tax consequences?
Replies: 5
Views: 787

Re: Cashless warrant exercise - tax consequences?

I'm not sure if there's a real technical difference between a "warrant" and an "option", but my understanding is that in common parlance, warrants are longer term (years instead of months), and tend to be issued directly by the companies in question (yes, some "options" are, too...). The warrants I...
by grok87
Mon Oct 01, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed rate reset?
Replies: 34
Views: 6751

Re: PenFed rate reset?

Thanks, that's probably what I will do. I would guess that if we make an extra principal payment, it means that we still would have the usual payment+ interest due at the beginning of the month? But I can make an extra principal payment at any time and it wouldn't affect the interest rate; it would...
by grok87
Mon Oct 01, 2018 7:14 am
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 137
Views: 12978

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

...Annuities are a bit different than LMP but the math there is you buy an asset that will give you a 3.5-5% (assuming age 60-70 couple) real SWR... My TIAA annuities were 6.5% to 7.0% payout for an age 63 to 67 single person. And some of them increase over time as the stock and real estate markets...
by grok87
Mon Oct 01, 2018 7:11 am
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 137
Views: 12978

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

{snip...} .... as for ST TIPS, I use G fund... effectively same return but with no duration issues i thought they were talking about changing the G fund rate to be tbills. https://www.fedweek.com/tsp/budget-proposes-trimming-g-fund-rate/ cheers, grok as that has been PROPOSED, but not approved, tha...
by grok87
Sun Sep 30, 2018 7:50 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3753
Views: 1067001

Re: What Movie Have You Recently Watched?

Tea with the dames.

I liked it. thought it was well done. I was not that familiar with Eileen Atkins.
by grok87
Sun Sep 30, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed rate reset?
Replies: 34
Views: 6751

Re: PenFed rate reset?

About to pull the trigger at last! Our reset rate is, for now, 3.9375%. The terms in their FAQ say: " 1. Member must meet eligibility requirements and account must not be paid ahead more than one (1) calendar month from the current month." Have a question about prepaying a month. Today is the last ...
by grok87
Sun Sep 30, 2018 7:42 pm
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 137
Views: 12978

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

{channeling KlangFool...} ....at 42-45, if you last that long, you get pushed out...to either be replaced by K-1 visa types (who then earn at maybe level 2-3 pay, and are therefore cheaper than you) or it gets outsourced to cheaper labor centers... housing goes through a Houston-like bust, but your...
by grok87
Sun Sep 30, 2018 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Private Client Group
Replies: 45
Views: 7571

Re: Fidelity Private Client Group

Agree with that. Also, only took a quick look, but it appears they won’t use index based funds if you have over $3 million under management. That’s annoying. I guess they figure there is more to be made in fees and charges off the larger accounts with the appearance of being more sophisticated in t...
by grok87
Sun Sep 30, 2018 6:44 am
Forum: Investing - Help with Personal Investments
Topic: David Swensen Portfolio Critique.
Replies: 28
Views: 2288

Re: David Swensen Portfolio Critique.

Yet how does one pick the right duration which eliminates most interest rate risk that comes with say long-term, but has the benefits of deflation protection like long-term and will protect you in a crash like treasuries general did during 2008? What duration is the sweet spot, which will give you ...
by grok87
Sat Sep 29, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: David Swensen Portfolio Critique.
Replies: 28
Views: 2288

Re: David Swensen Portfolio Critique.

But it still got whacked hard in 2008 like all other REITs. The comparison is interesting. My own view is that the financial crisis showed that QREARX (TIaa real estate annuity) had substantially less risk than the reits. It wasn't that they had different types of real estate or anything like that ...
by grok87
Sat Sep 29, 2018 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: David Swensen Portfolio Critique.
Replies: 28
Views: 2288

Re: David Swensen Portfolio Critique.

But it still got whacked hard in 2008 like all other REITs. The comparison is interesting. My own view is that the financial crisis showed that QREARX (TIaa real estate annuity) had substantially less risk than the reits. It wasn't that they had different types of real estate or anything like that ...