Search found 600 matches

by selters
Thu Nov 08, 2018 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Mid and Small Caps?
Replies: 38
Views: 3113

Re: Mid and Small Caps?

Interestingly, there are only about five stocks that overlap if you compare the ~300 stocks in the CRSP US Mid Cap Index with the 400 stocks on the S&P Mid Cap 400 Index. The companies in the CRSP index have a much higher market cap than the companies in the S&P index. If you compare the holdings of...
by selters
Wed Nov 07, 2018 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: 32 yo - Investment Plan/Retirement Portfolio - CZECH & EUROPE
Replies: 33
Views: 2921

Re: 32 yo - Investment Plan/Retirement Portfolio - CZECH & EUROPE

I am not certain if Vanguard or ishares can do anything about that, since the funds have to follow the index; i.e. they must have the same shares as the index. What's the expense ratio of the European index fund domiciled in your home country? Is it following a broad European index or maybe somethi...
by selters
Tue Nov 06, 2018 7:15 am
Forum: Investing - Help with Personal Investments
Topic: 32 yo - Investment Plan/Retirement Portfolio - CZECH & EUROPE
Replies: 33
Views: 2921

Re: 32 yo - Investment Plan/Retirement Portfolio - CZECH & EUROPE

0.18% sounds high for Europe. But I may be wrong. I calculated the the percentage for a European index fund domiciled in my home country for 2017 and its tax costs was in the 0.07-0.08% range. The same asset manager runs an MSCI USA fund and an MSCI Emerging Markets fund. Gross of their expense rati...
by selters
Tue Nov 06, 2018 12:51 am
Forum: Investing - Help with Personal Investments
Topic: 32 yo - Investment Plan/Retirement Portfolio - CZECH & EUROPE
Replies: 33
Views: 2921

Re: 32 yo - Investment Plan/Retirement Portfolio - CZECH & EUROPE

Really? A European would overweight Europe because of the low dividend tax leakage? I think that makes sense. Not by a lot. But 5%, maybe. It's the same kind of reasoning for US investors. US stocks make up 52% of world market cap, but even if you are an efficient markets absolutist, it makes sense...
by selters
Mon Nov 05, 2018 4:53 am
Forum: Investing - Help with Personal Investments
Topic: 32 yo - Investment Plan/Retirement Portfolio - CZECH & EUROPE
Replies: 33
Views: 2921

Re: 32 yo - Investment Plan/Retirement Portfolio - CZECH & EUROPE

I posted a similar topic basically at the same time, just living in Finland :D The plan seems well-thought and reasonable. I'm doing your option B for my equities, just have EM and SC both with weight 12.5%. I too have found these to be the best choices for a balanced portfolio. Also the Europe ETF...
by selters
Sun Oct 28, 2018 5:28 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 105862

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

You're both wrong. Global ex-US has returned 91% since the beginning of 2000 (not 191%), or an annualized 3.51% compounded return. I'm pretty sure you're using returns from a net return index or returns from an actual fund, which subtracts foreign withholding taxes and the expense ratio from the fu...
by selters
Sun Oct 28, 2018 3:02 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 105862

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

It's just that comparing current price of VGTSX to the price in 2000 doesn't tell you much about compounded returns with dividends reinvested, which turns out to have been 91% which is not really "going nowhere" since 2000. Besides, it's misleading because VGTSX delivered similar returns to U.S. st...
by selters
Thu Oct 25, 2018 10:28 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 105862

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Then it's REALLY good news the entire world outside the USA has gone nowhere in 10 years. Absolute garbage :oops: Kind of like how the U.S. market went nowhere for the 10 years comprising the 2000s. Was that absolute garbage too? Actually, the ex-US index is only a little above what it reached in 2...
by selters
Sat Oct 20, 2018 3:48 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 105862

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Europe + Japan make up about 60% of ex-US. What’s the basis for expecting any kind of significant economic expansion in those areas over the next decade? The US very well may be headed for a dark period, but I wouldn’t look to those areas to save the day. Waiting around mean reversion (which might ...
by selters
Mon Oct 15, 2018 3:57 am
Forum: Personal Finance (Not Investing)
Topic: Buy car cash or take low rate loan
Replies: 33
Views: 1910

Re: Buy car cash or take low rate loan

Remember also to finance your next sofa, bed, kitchen remodel, AC, solar panels, whatever, if you can get 0% financing. It's a free loan, right, so why not invest the money now and pay monthly payments on your consumption items?
by selters
Mon Oct 01, 2018 3:02 am
Forum: Personal Consumer Issues
Topic: For real liquid cod liver oil.........?
Replies: 16
Views: 1193

Re: For real liquid cod liver oil.........?

The brand (Peter Möller's) that's marketed as Carlson's cod liver oil in the US has been produced for 100+ years. Look for the green translucent bottle with "Peter Möller" engraved on it. I'm sure there are other good products on the market, but this one's the original. Disclaimer: I'm from the prod...
by selters
Sat Sep 29, 2018 8:43 am
Forum: Investing - Theory, News & General
Topic: Sears, a 125 year old company is now a penny stock.
Replies: 123
Views: 14766

Re: Sears, a 125 year old company is now a penny stock.

If markets are efficient, is the expected risk adjusted return of Sears and Amazon stock the same?
by selters
Tue Sep 25, 2018 6:58 am
Forum: Investing - Theory, News & General
Topic: Why do we expect TSM to keep growing?
Replies: 77
Views: 8797

Re: Why do we expect TSM to keep growing?

Does TSM have to grow for investors to make money? As long as dividends and buybacks continue, you as an investor can own a growing slice of the no longer growing TSM pie if you reinvest your dividends. Does a brewery have to produce more and more beer every year for its owners to make a profit? It ...
by selters
Mon Sep 24, 2018 4:26 am
Forum: Investing - Theory, News & General
Topic: What are the "best" factors?
Replies: 23
Views: 2004

Re: What are the "best" factors?

Small cap minus junk seems pretty consistent, even for short time periods.
by selters
Fri Sep 14, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off 3.125% 152k mortgage early?
Replies: 37
Views: 3219

Re: Pay off 3.125% 152k mortgage early?

If keeping the mortgage for as long as possible and investing in the stock market instead is a good idea, why not refinance the mortgage up to 80% loan to value ratio every five years or so? That must be an even better idea? The more leverage you use, the higher the returns, right?
by selters
Tue Sep 11, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: What are equivalents of VTI and VXUS in Europe?
Replies: 8
Views: 747

Re: What are equivalents of VTI and VXUS in Europe?

SPY S&P 500 SPDW Ex-US Developed Also VT is Total World Fidelity and Schwab have similar offerings. Anything that is low fee, passive, with high volume is generally good. If you list all of them, we can help you more. I need VTI and VXUS equivelents. VTI - total US VXUS - total non-US There are no ...
by selters
Tue Aug 28, 2018 2:57 am
Forum: Investing - Theory, News & General
Topic: Any metrics that say US Stocks are *NOT* expensive?
Replies: 70
Views: 4818

Re: Any metrics that say US Stocks are *NOT* expensive?

Absolutely. The fwd p/e of the S&P 500, which is abou 17.5. Stocks are only expensive now if earnings are at a cyclical high. They may not revert back down as much as tvey have in the past.
by selters
Mon Aug 20, 2018 2:10 am
Forum: Investing - Help with Personal Investments
Topic: Please look at my portfolio and give me advice [Norway]
Replies: 18
Views: 1527

Re: Please look at my portfolio and give me advice [Norway]

, Norway is probably the second best country in the world for index fund investors, after the USA. And why is that? I've just been in the investing game for around a year so I'm curious. Seems like most other countries skipped the traditional index mutual fund step and jumped straight to ETFs. Yes,...
by selters
Sat Aug 18, 2018 6:19 am
Forum: Investing - Help with Personal Investments
Topic: Please look at my portfolio and give me advice [Norway]
Replies: 18
Views: 1527

Re: Please look at my portfolio and give me advice [Norway]

It's fine as it is. If you for tax reasons have to keep KLP Aksjeverden and KLP Aksjeglobal V, then that's fine, but be aware that there's a lot of overlap between these two funds and the S&P 500 fund, the Europe fund and the EM fund. So consider dropping these two KLP funds. There is no optimal sol...
by selters
Thu Aug 16, 2018 1:50 pm
Forum: Investing - Theory, News & General
Topic: US small cap ETF: MSCI US small, S&P600 or Russell 2000? (UK based investor)
Replies: 10
Views: 825

Re: US small cap ETF: MSCI US small, S&P600 or Russell 2000? (UK based investor)

Out of all active decisions a passive investor can make, choosing a "small cap minus junk" fund rather than a total small cap market fund seems to be the best documented. The tendency of stocks of profitable companies to outperform stocks of unprofitable companies among small caps seems to be very p...
by selters
Thu Aug 16, 2018 12:13 pm
Forum: Personal Consumer Issues
Topic: Time for new phone, Buy or Lease?
Replies: 30
Views: 2167

Re: Time for new phone, Buy or Lease?

What's the major difference between a $300 phone and an $700/800 phone? Battery life? Optical or sound quality? The camera, first and foremost. If you want to buy Samsung, but still want decent performance and a good camera, the S7 is probably the best value. It costs a third of a new S9, but still...
by selters
Thu Aug 16, 2018 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Index Fund Investing in Sweden, for Swede's
Replies: 12
Views: 797

Re: Index Fund Investing in Sweden, for Swede's

Use an Internet broker, such as Nordnet, to buy index funds: https://www.nordnet.se/mux/web/fonder/sok.html?nn_kategori=104%7Cglobal&kategori=&forvaltare=&sokord=&sok=1&ppm=0&nobuy=&flik=&nm=nn_kategori%2Bglobal&typ=1 For minimum costs, but some extra work, use Ireland listed ETFs from iShares liste...
by selters
Thu Aug 16, 2018 3:30 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 105862

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Although at times it's felt like eg. European stocks have been hopeless over the last few years, in local currency terms, the MSCI Europe index have these returns since 2012: 18%, 20%, 7%, 8%, 3% 11% and 4% YTD. This is in line with, or even slightly above what one can reasonably expect from the sto...
by selters
Tue Aug 14, 2018 5:28 am
Forum: Investing - Theory, News & General
Topic: Why invest in international?
Replies: 40
Views: 9637

Re: Why invest in international?

If foreign and US markets are reasonably efficient, then not only do American companies need to continue to do better than international companies for American stocks to continue to outperform, but they need to do even better than markets are currently expecting. Said in other words,the higher earni...
by selters
Mon Aug 13, 2018 6:59 am
Forum: Investing - Theory, News & General
Topic: Turkey/Turkish Stocks down 32% - approaching 2008 levels
Replies: 106
Views: 12133

Re: Turkey/Turkish Stocks down 32% - approaching 2008 levels

Turkey's stock market had a P/E of 7 (and a forward P/E of 6) on 31 July. TUR (iShares Turkey ETF) is down 35% since then. It may be a candidate for some play money. But have an entry/exit strategy, because this may be going to 0. I don't think so, but I wouldn't be absolutely shocked to see Turkey'...
by selters
Sat Aug 11, 2018 6:00 am
Forum: Investing - Help with Personal Investments
Topic: Preparing for a bear market
Replies: 43
Views: 5388

Re: Preparing for a bear market

Nothing wrong with reducing your allocation to stocks once you've reached your goals and "won the game." But it should be a permanent change. You should not reduce your allocation to stocks with the intention of raising it again once there is a correction.
by selters
Thu Aug 09, 2018 4:07 pm
Forum: Investing - Theory, News & General
Topic: Is there such a thing as bull or bear markets?
Replies: 6
Views: 1131

Is there such a thing as bull or bear markets?

Is there really such a thing as bull or bear markets? Or are these merely labels that we in hindsight attach to time periods in the stock market that fit certain quantitative criteria? Does it mean anything for investors that this bull market has lasted for nearly ten years? Or what if we count use ...
by selters
Tue Aug 07, 2018 5:46 pm
Forum: Investing - Theory, News & General
Topic: Age Demographics of Passive Investing
Replies: 5
Views: 1343

Re: Age Demographics of Passive Investing

Returns from the stock market come from dividend yield + earnings growth + speculative return Sellers can only affect the speculative return, so if there are lots of people wanting to sell, we may get contraction of multiples. That may be painful in the short turn, but if earnings remain strong, the...
by selters
Sun Aug 05, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: iShares vs SPDR for Europe based investor
Replies: 5
Views: 357

Re: iShares vs SPDR for Europe based investor

foolserrend wrote:
Sun Aug 05, 2018 10:39 am
Thanks for the info.

Do you recommend iShares, even with the higher TER?
iShares has the lowest expense ratio, so I'd go with them. But if the opposite were the case, then maybe I'd probably go with SPDR.
by selters
Sun Aug 05, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: VTSAX
Replies: 5
Views: 1071

Re: VTSAX

There's nothing wrong with those funds. They are perfect if you want to tilt away from the total market and overweight mid and small caps. What I'm going to recommend here is not fully in line with Bogleheads principles. But there are quite a few Bogleheads that follow this advice with regards to sm...
by selters
Sun Aug 05, 2018 9:35 am
Forum: Investing - Help with Personal Investments
Topic: iShares vs SPDR for Europe based investor
Replies: 5
Views: 357

Re: iShares vs SPDR for Europe based investor

If you're in it for the long haul (buy and hold for 20+ years), the safest option is probably to go with iShares. SPDR is still the world's third largest asset manager, but they're losing market share pretty fast. But of course, even if their market share goes to 10% from 30%, they can still be a pe...
by selters
Thu Aug 02, 2018 6:47 am
Forum: Investing - Help with Personal Investments
Topic: Beginner investor seeking advice
Replies: 28
Views: 1804

Re: Beginner investor seeking advice

Contribute as much into your retirement account as you need to get whatever match you can get at your job. The rest should go towards your student loans. Bogleheads encourage simplicity in investing. We do not think that trying to find and edge in the market is time well spent. Just invest in low co...
by selters
Thu Aug 02, 2018 6:15 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 753
Views: 75511

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Interesting. Was this in response to Vanguard's announcement of 1,800 commission-free ETFs? Here's an article on the Fidelity zero funds. Also from the article: Significantly reduced and simplified pricing on existing Fidelity index mutual funds . . . With this action, 100 percent of Fidelity’s sto...
by selters
Wed Aug 01, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: Index-ish fund that lacks FAANG?
Replies: 45
Views: 4787

Re: Index-ish fund that lacks FAANG?

MnD wrote:
Fri Jul 20, 2018 2:30 pm
Buy the total market and short the individual FAANG stocks in proportion to their weight in total market.
Net return will track your hypothetical total market minus FAANG index fund.
Have fun with that.
But at what cost can you short FAANG?
by selters
Wed Aug 01, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: 37 years old - 401k fund and investment advice
Replies: 8
Views: 1420

Re: 37 years old - 401k fund and investment advice

For simplicity you can go 100% S&P500 index fund in the 401k and put Vanguard Extended Market Index Fund, Vanguard Total International Fund and Vanguard Total Bond Market in the IRA.
by selters
Tue Jul 31, 2018 2:35 am
Forum: Investing - Theory, News & General
Topic: Are stocks dangerously overvalued? Not according to new Vanguard yardstick
Replies: 84
Views: 9066

Re: Are stocks dangerously overvalued? Not according to new Vanguard yardstick

deltaneutral83 wrote:
Mon Jul 30, 2018 3:34 pm
5% nominal for the next ten years on the S&P would result in the worst rolling 30's for nominal (or real) since before the reliable data was available.
But rolling 35 year returns would be just fine. The late 90s had extraordinarily high returns, which ate up some future returns.
by selters
Thu Jul 26, 2018 5:34 am
Forum: Investing - Theory, News & General
Topic: If financial markets shut down, temporarily...
Replies: 42
Views: 3160

Re: If financial markets shut down, temporarily...

If this were to happen, getting money from investment accounts would probably be the least of my worries. You may be better off with cash, food rations, guns and ammo. We’re not talking nuclear winter here. We’re talking about scenarios that have actually happened in other generally peaceful and ci...
by selters
Sun Jul 22, 2018 6:44 am
Forum: Investing - Help with Personal Investments
Topic: [EU] Accumulated ETFs: Ireland vs Luxembourg
Replies: 6
Views: 628

Re: [EU] Accumulated ETFs: Ireland vs Luxembourg

Bonds are for stability. Unless your net worth is in the millions of dollars/euros, bonds are not a requirement. A regular savings account will do the trick just fine. As long as Romanian banks are safe, I would just use a savings account. The Ireland based ETFs seem to be the ones with highest asse...
by selters
Fri Jul 20, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 7848

Re: How do you handle the urge to DO something?

I have 50% in DM, 25% in EM and 25% in some factor funds. But use a slice and dice approach so I have more funds to play around with. I rebalance with monthly inflows into whatever category that has umderperformed, but never sell anything. I maintain the 50/25/25 split, but within each category I ha...
by selters
Fri Jul 20, 2018 4:01 am
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 9314

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

Unless, of course, your net worth is $10 million from before. In that case, you can keep it. Well, at $10 MM the $1 million position would be 10% of assets and likely more than 10% of investable assets and so it would still be a concentrated position. As a result any advisor would recommend that yo...
by selters
Fri Jul 20, 2018 3:55 am
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 9314

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

I wonder how many people faced this predicament with GE stock 2-3 years ago and what they ended up doing... There was a great about this on Reddit, and maybe it was mentioned on here, too, about a guy who inherited about a million dollars worth of GE, but it was down 30%. He wanted to keep it, sinc...
by selters
Fri Jul 20, 2018 3:42 am
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 9314

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

It is an energy stock that my Dad has held as an employee and through retirement and reinvested the dividends. It generates about $35,000 per year in dividends. My brother has no interest in hanging on to his share so I will probably buy him out. Part of me wants to continue holding it to pass on t...
by selters
Mon Jul 16, 2018 5:33 am
Forum: Investing - Help with Personal Investments
Topic: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?
Replies: 45
Views: 2616

Re: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?

So right now I have about 60% VTI (US stock index) 30% VXUS (non-US stock index) 10% BND (US bond index) Why? Because American companies still have their income coming from other countries outside US. You mean because American companies have outperformed lately? Don't fool yourself. US stocks may v...
by selters
Mon Jul 16, 2018 5:05 am
Forum: Investing - Help with Personal Investments
Topic: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?
Replies: 45
Views: 2616

Re: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?

So right now I have about 60% VTI (US stock index) 30% VXUS (non-US stock index) 10% BND (US bond index) Why? Because American companies still have their income coming from other countries outside US. You mean because American companies have outperformed lately? Don't fool yourself. US stocks may v...
by selters
Fri Jul 13, 2018 1:23 pm
Forum: Investing - Theory, News & General
Topic: [EU] How to bypasses MIFID II, PRIPS and buy US ETFs
Replies: 7
Views: 876

Re: [EU] How to bypasses MIFID II, PRIPS and buy US ETFs

If I understand this correctly, this is possible, but your dividends will be taxed in the US when you receive them? And then you have to pay taxes on them again when you transfer the money back to your home country? The costs of this will be greater than if you just bought the iShares Core S&P 500 U...
by selters
Fri Jul 13, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 366
Views: 19882

Re: COMING SOON: BOGLEHEADS PODCASTS

The Bogleheads Podcast
:sharebeer
by selters
Thu Jul 12, 2018 4:41 am
Forum: Investing - Theory, News & General
Topic: Six stocks make up 98% of S&P 500 gains in 2018
Replies: 100
Views: 15786

Re: Six stocks make up 98% of S&P 500 gains in 2018

I suspect the 98% number is relatively meaningless. Based on the numbers given in the article, it looks like each company's contribution to S&P 500 returns as w * r / R, where: - w is the weight of that company in the S&P500 - r is the return of that company for the last year - R is the total retur...
by selters
Sun Jul 08, 2018 3:18 am
Forum: Investing - Theory, News & General
Topic: Vanguard Isn't Taking in as Much Money; Neither Is Anyone Else
Replies: 8
Views: 2857

Re: Vanguard Isn't Taking in as Much Money; Neither Is Anyone Else

AlwaysWannaLearn wrote:
Sat Jul 07, 2018 8:58 pm
davidkw wrote:
Sat Jul 07, 2018 6:40 am
Inflows

Bloomberg does a great job of following Vanguard. Eric Balchunas follows the inflows often.
And your point, OP, is um... What??? :confused
Sorry if I missed it. What's your question?
Are questions required?
by selters
Sat Jul 07, 2018 6:11 am
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 162
Views: 20854

Re: Replace car battery after X years or wait till it dies?

As a European, one thing that strikes me about Americans is their obsession with very frequent oil changes and religiously changing car batteries every 3-5 years.