Search found 374 matches

by sunnywindy
Wed Apr 18, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront's Risk Parity Fund expense reduced
Replies: 5
Views: 719

Re: Wealthfront's Risk Parity Fund expense reduced

I would say their whole explanation is completely bogus: "You deserve better than that" - that's the worst kind of boilerplate insulting PR-driven slop anyone could write. "We’ve come to realize that pricing the Risk Parity fund at an expense ratio of 0.50% did not meet our clients’ expectations or ...
by sunnywindy
Tue Apr 17, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Don’t Exclude Emerging Markets
Replies: 30
Views: 3588

Re: Larry Swedroe: Don’t Exclude Emerging Markets

http://www.etf.com/sections/index-investor-corner/swedroe-dont-exclude-emerging-markets?nopaging=1 EM comprises about 1/8 of the world market cap. A 50% US / 50% Int investor might consider putting 25% of his international allocation in EM. Larry reviews some destructive investor behaviors in the p...
by sunnywindy
Tue Apr 17, 2018 1:51 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Don’t Exclude Emerging Markets
Replies: 30
Views: 3588

Re: Larry Swedroe: Don’t Exclude Emerging Markets

I think Swedroe got the 13% EM from MSCI: "The MSCI Emerging Markets Indexes represent large-, mid-small- cap across Emerging Markets (EM) countries. From just 10 countries in 1988 representing less than 1% of world market capitalization to 24 countries representing 13% of world market capitalizatio...
by sunnywindy
Sat Apr 14, 2018 9:04 pm
Forum: Investing - Theory, News & General
Topic: Unimpressive category averages of managed futures, multialternative, market neutral, etc.
Replies: 82
Views: 6194

Re: Unimpressive category averages of managed futures, multialternative, market neutral, etc.

It probably isn't too much of a mystery why the category-average returns of the four "alternative" asset classes examined by nisiprius in the OP have underperformed the more traditional stock & bond asset classes. A look at their category-average expense ratios (from Morningstar): Managed Futures S...
by sunnywindy
Sat Apr 14, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: Meb Faber/Cambria/Trinity Funds
Replies: 49
Views: 4631

Re: Meb Faber/Cambria/Trinity Funds

I wouldn't invest in anything Cambria [about 20% of me says it is a scam - 'scam' in the sense that they offer a product that nobody needs, and it's the kind of business where the owner gets to live & do what they want in life and the customers get reasonable returns without any drama]. I do think G...
by sunnywindy
Sat Apr 07, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: ETFs’ Hidden Source of Return—Securities Lending
Replies: 2
Views: 602

Re: ETFs’ Hidden Source of Return—Securities Lending

You can view any ETF's security lending policy using ETF.com's data under the "Efficiency" tab. Although it does bother me when an ETF issuer doesn't plow all the securities lending money back into the ETF, it's hard to complain when the ETF beats its own index. Also, even though I understand the in...
by sunnywindy
Wed Mar 28, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: China and EM [Emerging Market]
Replies: 30
Views: 3508

Re: China and EM

I don't fear this at all (China's increasing percentage of the EM indexes). Why? I'll take China's participation in the world markets any day over its pre-mid1970's self; China engaging with the world is a good thing for everyone. I'm hoping that Vanguard FTSE All-World ex-US Large and Small (VEU & ...
by sunnywindy
Mon Mar 26, 2018 5:25 pm
Forum: Investing - Theory, News & General
Topic: DFA Funds Direct Access w/o Advisor ? John Hancock
Replies: 16
Views: 2479

Re: DFA Funds Direct Access w/o Advisor ? John Hancock

We don't have 3 years of data yet, so the jury is still out. But, I wouldn't expect anything more than what the S&P or any other ultracheap market cap index would get you. From Portfolio Visualizer: https://tinyurl.com/ycmnhqjw I think the new actively managed Vanguard Factor Funds might shape up to...
by sunnywindy
Mon Mar 26, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: Seven-Year Investor Old Beats Harvard’s Endowment Fund
Replies: 21
Views: 3001

Re: Seven-Year Investor Old Beats Harvard’s Endowment Fund

For the article to not mention any risk metrics makes this a poor comparison. Academic endowments invest for a whole host of reasons which are completely different than what an individual person would do. A better comparison would be to compare the seven-year-old's portfolio to the personal portfoli...
by sunnywindy
Fri Mar 23, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Safe SP500 index fund
Replies: 32
Views: 3615

Re: Safe SP500 index fund

I don't know if this completely gets you to where you want to go, but there are two ETFs that I know of that track the S&P 500, but have a downside hedge. DeltaShares S&P500 Managed Risk ETF (DMRL) follows an S&P index and Van Eck Vectors NDR CMG Long Flat Allocation ETF (LFEQ) follows a proprietary...
by sunnywindy
Thu Mar 22, 2018 6:20 pm
Forum: Personal Consumer Issues
Topic: Berlin - how many days and where to stay?
Replies: 33
Views: 2047

Re: Berlin - how many days and where to stay?

Three days in Berlin too much time? This confuses me; it's a city of 3.5 million and there are endless things to do. I'll just say you should stay anyplace you can afford and is near a train station if you don't like long walks. If it's a nice day, my favorite thing to do is walk up and down the Kur...
by sunnywindy
Wed Mar 07, 2018 2:34 pm
Forum: Personal Consumer Issues
Topic: Why plumbers are so expensive?
Replies: 15
Views: 1689

Re: Why plumbers are so expensive?

My example wouldn't apply to your particular situation (as it isn't dire), but it may reveal the thought process of some plumbers. A plumber friend of mine would tell 'plumber stories' and they usually revolved around weekend work where frantic people would call him up and beg him to come fix whatev...
by sunnywindy
Sat Mar 03, 2018 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Lost My Way - Advice Needed
Replies: 44
Views: 4931

Re: Lost My Way - Advice Needed

ChiefEngineer14, by the looks of it, you have lots to learn about markets and how investing works. But, don't worry as almost everyone, including the most knowledgeable people on this site, all made mistakes when they started investing and they are all going to be able to retire just fine. You are 2...
by sunnywindy
Fri Mar 02, 2018 7:59 am
Forum: Investing - Theory, News & General
Topic: Harvard blows $1Billion picking stocks, averaged 4.4% returns over last decade
Replies: 79
Views: 10689

Re: Harvard blows $1Billion picking stocks, averaged 4.4% returns over last decade

Harvard has so much money that they have become sloppy and take dumb risks.
by sunnywindy
Thu Mar 01, 2018 3:49 pm
Forum: Personal Consumer Issues
Topic: What age is too old to stop hostelling?
Replies: 54
Views: 5371

Re: What age is too old to stop hostelling?

Do you leave a gratuity? :?: Generally no, because hostels are self-service - you wash your dishes, you make your bed, you strip your bed, some don't let you inside midday, some have self-service clothes washers, etc... But, it is possible they may have a tip jar somewhere and that could be helpful...
by sunnywindy
Wed Feb 28, 2018 4:41 pm
Forum: Personal Consumer Issues
Topic: What age is too old to stop hostelling?
Replies: 54
Views: 5371

Re: What age is too old to stop hostelling?

I last used hostels in Europe when I was 47, but only during the offseason and in smaller cities. I usually had a room all to myself and could use the kitchen and everything else without fuss. I have experienced the 'drunk teenager', but they haven't acted badly, they just come in the room at 2 am. ...
by sunnywindy
Tue Feb 27, 2018 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Am I too heavy with Target Date funds? Age 38
Replies: 16
Views: 2040

Re: Am I too heavy with Target Date funds? Age 38

No, Target Date Funds are designed for exactly the way you are using them. Just keep contributing money and then enjoy your retirement.
by sunnywindy
Mon Feb 26, 2018 9:39 pm
Forum: Investing - Theory, News & General
Topic: What does "risk parity" mean, and what are Wealthfront's aims?
Replies: 10
Views: 1645

Re: What does "risk parity" mean, and what are Wealthfront's aims?

The new Wealthfront Risk Parity Fund definitely isn't 'a', but is likely a combination of 'b' and 'c'. The Fund is probably invested like the Salient index/AQRIX, but the marketing has to use Bridgewater's name recognition. The whole thing strikes me as: 1) a desperation move from Wealthfront - they...
by sunnywindy
Thu Feb 22, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited tIRA all in HAINX
Replies: 20
Views: 1607

Re: Inherited tIRA all in HAINX

HAINX used to be a volatile but high performing fund when Hakan Castegren ran it. But, unfortunately, he died in late 2010; his replacements, while they haven't ruined the fund, it's now just an expensive index hugger, so you'd be better off selling it for something with lower fees.
by sunnywindy
Tue Feb 20, 2018 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: <gulp> Expensive mistake
Replies: 56
Views: 10229

Re: <gulp> Expensive mistake

Well, a little bit of a bummer, but at least you weren't the guy or gal in Hawaii who sent the false nuclear attack warning message a month ago and got fired! :D I personally would just make the switch and be done with it. You could dollar cost average if it makes you feel better, but there isn't an...
by sunnywindy
Tue Feb 20, 2018 9:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard US Multifactor Funds Launch
Replies: 30
Views: 4989

Re: Larry Swedroe, Cliff Asness... Can we get a little help here?

And as long as we are on this topic, here is an interesting article in Institutional Investor about Smart Beta, i.e. Factor Funds https://www.institutionalinvestor.com/article/b16x0v5q14ky2k/smart-beta-is-making-this-strategist-sick That's one very "interesting article" there, to say the least. I'd...
by sunnywindy
Tue Feb 20, 2018 7:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard US Multifactor Funds Launch
Replies: 30
Views: 4989

Re: Vanguard US Multifactor Funds Launch

I invested in the Multifactor Admiral Shares on Day One, something I've never done before. I'm trusting the Vanguard Quantitative Equity Group to put together a good portfolio. They've done a fair job previously with funds like Vanguard U.S. Value and Vanguard Select Equity, even with narrower mand...
by sunnywindy
Thu Feb 15, 2018 8:57 am
Forum: Investing - Theory, News & General
Topic: Vanguard US Multifactor Funds Launch
Replies: 30
Views: 4989

Re: Vanguard US Multifactor Funds Launch

It is interesting that the funds are not (yet) listed on the Vanguard 'Personal Investors' website. Tim Buckley did say that these products were intended for advisors/professionals, so I wonder when or if they will be on the Personal Investors website.
by sunnywindy
Thu Feb 15, 2018 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Just added Total Int'l Stock; add Total Int'l Bond too?
Replies: 25
Views: 2317

Re: Just added Total Int'l Stock; add Total Int'l Bond too?

If you look at the correlation matrix linked below, you will see that Total US Stock Index (VTI) and Total International Stock Index (VXUS) have a yearly correlation of 0.80. If you look at Total US Bond Index (BND) and Total International Bond Index (BNDX) they have a correlation of 0.87. So, you g...
by sunnywindy
Thu Feb 15, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Friend with extremely high interest credit card debt
Replies: 20
Views: 1813

Re: Friend with extremely high interest credit card debt

I've never faced this situation myself or with friends (on a chronic level), but I doubt there's much you can do except propose outings where you don't have to spend money. Go for a walk, or get books from the library, or make dinner at someone's house, etc... Otherwise, this is something most likel...
by sunnywindy
Thu Feb 15, 2018 7:49 am
Forum: Investing - Theory, News & General
Topic: Vanguard US Multifactor Funds Launch
Replies: 30
Views: 4989

Vanguard US Multifactor Funds Launch

I wasn't searching for it, but I just noticed that the Vanguard US Multifactor fund/ETF launched today as did the Value, Momentum, Liquidity, and Quality ETFs. https://advisors.vanguard.com/web/cf/fas-investmentproducts/4421/overview And as long as we are on this topic, here is an interesting articl...
by sunnywindy
Tue Feb 13, 2018 11:04 am
Forum: Personal Consumer Issues
Topic: Start job without quote signed?
Replies: 4
Views: 480

Re: Start job without quote signed?

Do you know if the secretary(s) were there yesterday? Is the boss on vacation? Did the mailman deliver the mail? etc... There are a lot of other variables you don't know about. I would go to work and make decisions based on facts and try to not let your mind get distracted by what may go wrong based...
by sunnywindy
Tue Feb 13, 2018 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Planning portfolio - European investor
Replies: 12
Views: 1213

Re: Planning portfolio - European investor

The MSCI World Index https://www.msci.com/documents/10199/149ed7bc-316e-4b4c-8ea4-43fcb5bd6523 consists of all developed markets. That means you own the US, Europe, Australia, etc.... What you do not own are the emerging markets which consist of China, Brasil, Poland, Mexico, etc... https://www.msci...
by sunnywindy
Tue Feb 13, 2018 9:59 am
Forum: Investing - Theory, News & General
Topic: Attention Sqawk Box viewers
Replies: 16
Views: 1804

Re: Attention Sqawk Box viewers

Bloomberg TV is much better.
by sunnywindy
Tue Feb 13, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Are these fees for real?
Replies: 25
Views: 2549

Re: Are these fees for real?

Morningstar gives the fund a Bronze rating, but a Negative rating for price. To me, it seems like the fund is just one of thousands that are designed to be index huggers (low research costs for the parent company) and made just to extract maximum money out of purchasers. "Price Pillar: Negative | Al...
by sunnywindy
Tue Feb 13, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Co-investment with parents and sibling jealosy [Home construction]
Replies: 22
Views: 2480

Re: Co-investment with parents and sibling jealosy

Forget any logical or practical arguments for or against such a move. This is all about emotion. I think these siblings had a different idea about how their parent's endgame would play out. They feel like you are taking their parents away from them because you are now their 'protectors'. Again, it d...
by sunnywindy
Mon Feb 12, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: I think US interest rates could drop.
Replies: 62
Views: 7376

Re: I think US interest rates could drop.

Part of the story is that the EU is behind the US in the overall recovery from the Great Recession. The US Fed is actively reducing their QE expanded balance sheet. On the other hand, the ECB is still engaging in QE at the rate of 30 billion euros a month, so one's expanding and one's contracting. W...
by sunnywindy
Sun Feb 11, 2018 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: ETF SRI Allocation
Replies: 9
Views: 662

Re: ETF SRI Allocation

I took a quick look at the NuShares ESG literature and their index is very similar to the MSCI ESG Focus Indexes that iShares uses for their 'Optimised' suite of ETFs. The similarities are numerous: the ESG rating does about the same thing and both are sector limited meaning they won't deviate much ...
by sunnywindy
Sat Feb 10, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Hellbent on sustainability funds - which ones?
Replies: 11
Views: 1386

Re: Hellbent on sustainability funds - which ones?

The iShares suite of "Optimized" ETFs follow the MSCI ESG Focus Index and it is designed to match the market in performance and volatility, just with highly rated ESG holdings. Has US, Intl, and EM offerings for cheap!

https://www.msci.com/msci-esg-focus-indexes
by sunnywindy
Fri Feb 09, 2018 10:52 pm
Forum: Investing - Theory, News & General
Topic: % VINEX to VTIAX?
Replies: 4
Views: 657

Re: % VINEX to VTIAX?

Vanguard's active funds generally don't make any big bets, so you aren't going to hit a home run nor are you going to drink out of the gutter. That said, Vanguard International Explorer (VINEX) isn't a risky fund and your 22% allocation isn't going to set off any 'too risky to hold' alarm bells. On ...
by sunnywindy
Fri Feb 09, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: Financially secure, horrible workplace but just can't FIRE
Replies: 55
Views: 7862

Re: Financially secure, horrible workplace but just can't FIRE

So don't retire and find another job that you like. Am I missing something?
by sunnywindy
Fri Feb 09, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: For the millionth time - Should I consider an investment advisor?
Replies: 10
Views: 1508

Re: For the millionth time - Should I consider an investment advisor?

No, you don't need an advisor. And no, just because you are inheriting a large amount of money that understandably freaks you out, doesn't mean that you have to do anything esoteric and unusual that would require an advisor. However, even though I just wrote that you don't need an advisor, it wouldn...
by sunnywindy
Fri Feb 09, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review, Close to retirement, Help me invest $700K
Replies: 9
Views: 1743

Re: Portfolio Review, Close to retirement, Help me invest $700K

I'm not qualified to answer any of your tax questions, but you should allocate 20% of your equity portion to international (I would choose a Total International Stock Index type fund). The bond recommendation from Vanguard is wise, too. Simply put, the more diversification you can have in your portf...
by sunnywindy
Fri Feb 09, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: SAMBX ? [Virtus Seix Floating Rate High Income Fund]
Replies: 12
Views: 641

Re: SAMBX ? [Virtus Seix Floating Rate High Income Fund]

Your problem seems to be related more to your current asset allocation than what kind of bond fund you own. Seems like you would be more comfortable with a 40/60 ratio if you can't emotionally take the ups and downs of the market. My portfolio is about 55% bond/fixed income, 40 equity% - if that's ...
by sunnywindy
Fri Feb 09, 2018 12:46 pm
Forum: Forum Issues and Administration
Topic: Black Theme for Site?
Replies: 38
Views: 4280

Re: Black Theme for Site?

I use the Dark Mode on YouTube and like it, too, but this is a reading site and studies have shown that black letters on a lite background are best for a majority of people and devices.
by sunnywindy
Fri Feb 09, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: SAMBX ? [Virtus Seix Floating Rate High Income Fund]
Replies: 12
Views: 641

Re: SAMBX ? [Virtus Seix Floating Rate High Income Fund]

Your problem seems to be related more to your current asset allocation than what kind of bond fund you own. Seems like you would be more comfortable with a 40/60 ratio if you can't emotionally take the ups and downs of the market.
by sunnywindy
Fri Feb 09, 2018 12:06 pm
Forum: Investing - Theory, News & General
Topic: Active v. passive during corrections
Replies: 21
Views: 2278

Re: Active v. passive during corrections

No. Here are the cold hard facts: http://us.spindices.com/spiva/#/reports Sure, if one looks at the whole slew of fund companies. But if we narrow down the focus to VG funds only, it is different. For example, 10-year annualized return of active VGHAX is 11.79% and passive VFIAX is 9.77%, despite t...
by sunnywindy
Fri Feb 09, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Help Sell FIRE to spouse
Replies: 31
Views: 3948

Re: Help Sell FIRE to spouse

What is FIRE? ???
by sunnywindy
Thu Feb 08, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: Books/articles on life 100-120 years ago?
Replies: 19
Views: 1496

Re: Books/articles on life 100-120 years ago?

This might be the book you want (a book that captures the zeitgeist of the time), but unfortunately, it's just not the city or location you had in mind. I read Budapest 1900 in college and still think about it to this day. https://www.amazon.com/Budapest-1900-Historical-Portrait-Culture/dp/080213250...
by sunnywindy
Thu Feb 08, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: Bogleheads in an era of robots vs. robots
Replies: 18
Views: 1459

Re: Bogleheads in an era of robots vs. robots

Nisiprius is correct. Computer trading has been with us for a long time and nothing has changed vis-a-vis the recent market swoon. I remember the Micheal Lewis book 'Flash Boys' quoted or paraphrased a high-frequency trader saying they never had a 1-day loss, so you know HFT is not going anywhere. W...
by sunnywindy
Thu Feb 08, 2018 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Chase self-directed account
Replies: 12
Views: 1630

Re: Chase self-directed account

I don't believe the "little perks" are worth the extra transaction cost of the trades, and the cost of the apparent inability to use Admiral Shares. This is, of course, generally correct. The bank knows what services customers use and with what frequency they use those services. The bank takes litt...