Search found 581 matches

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: 3
Views: 215

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: 629

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: 1693

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: 592

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: 509
Views: 28249

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: 8772

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: 96
Views: 9750

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: 5010

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: 1032

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: 1276

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: 298

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: 841

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: 298

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: 1666

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 two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 641
Views: 54499

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: 42
Views: 4082

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: 1337

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: 8516

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: 3022

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: 470

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: 7131

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: 8827

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: 8827

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: 8827

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: 2334

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: 2334

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: 741

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: 359
Views: 15029

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: 76
Views: 10596

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: 2762

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: 19750

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.
by selters
Tue Jul 03, 2018 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 169
Views: 12650

Re: Expected returns for 80/20 stock bond for next 10 years.

wootwoot wrote:
Tue Jul 03, 2018 12:16 am
So many fortune tellers in here. What makes you think that anyone can reliably predict future returns?
These forcasts are based on back-tested models for expected returns. The models are very inaccurate, but they are the most accurate models we have.
by selters
Sat Jun 30, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Is there a way to avoid bad companies in S&P 500?
Replies: 92
Views: 4684

Re: Is there a way to avoid bad companies in S&P 500?

For small caps it seems to work if you leave out companies that are not profitable. IJR, an S&P 600 small cap fund, has returned 403% since 2000. IWM, a Russell 2000 index fund, has returned 243% since 2000. For large caps, we haven’t seen the same effect in the data. Look at the morningstar forums ...
by selters
Sat Jun 30, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: Is there a way to avoid bad companies in S&P 500?
Replies: 92
Views: 4684

Re: Why would creating an intelligent S&P 475 be so difficult to do?

The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities . There is over USD 9.9 trillion indexed or benchmarked to the index, with indexed assets comprising approximately USD 3.4 trillion of this total. The index includes 500 leading companies and captures approximately ...
by selters
Sat Jun 30, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey against index funds?
Replies: 57
Views: 5868

Re: Dave Ramsey against index funds?

Wealthy people don't (and have never) listen to Dave Ramsey. They just don't. You cannot become wealthy following his advice. You cannot shrink your way to wealth. Are you talking about Bogleheads now, or Dave Ramsay? If you listen to Dave Ramsay, one of the things he spends the most time talking a...
by selters
Fri Jun 29, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey against index funds?
Replies: 57
Views: 5868

Re: Dave Ramsey against index funds?

You can save like Dave, just don't invest like him. He's probably not lying when he says he uses active funds for tax sheltered accounts. But for his taxable mutual fund investments, he is 100% allocated to the Vanguard 500 Index Fund. He has most of his net worth in real estate, but if his net wor...
by selters
Wed Jun 27, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner Investment Questions
Replies: 22
Views: 1571

Re: Beginner Investment Questions

The $25 a month into mutual funds may be beneficial to get into the habit of saving and investing. But $25 a month will not grow into a meaningful amount of by the time you reach retirement age. But its not going to keep you from paying off your debts either. Do what you feel like. Mathematically, t...
by selters
Sun Jun 24, 2018 12:02 pm
Forum: Investing - Theory, News & General
Topic: If I had a large enough sum to move the entire market significantly in a few days, which stocks would move the most?
Replies: 2
Views: 493

If I had a large enough sum to move the entire market significantly in a few days, which stocks would move the most?

I am asking this question as a follow up to the discussion on whether market cap weighted total stock market index funds can create bubbles of any kind in the stock market. Let's assume that I have a large enough sum to move the entire market significantly in a few days. I'll define significantly as...
by selters
Sun Jun 24, 2018 11:43 am
Forum: Investing - Theory, News & General
Topic: Hidden Index Bubble - I'd love to hear some thoughts!
Replies: 27
Views: 2229

Re: Hidden Index Bubble - I'd love to hear some thoughts!

Investing in cap-weighted total-market index funds really is different from every other strategy. It is the only strategy in which investors, by investing in the fund, do not alter the composition of the remaining assets available for purchase by other investors . It is the only strategy which does...
by selters
Sat Jun 23, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: Why won't Vanguard drop VTI & VOO expense to 0.03?
Replies: 39
Views: 3705

Re: Why won't Vanguard drop VTI & VOO expense to 0.03?

My baseless prediction: Fees will go to zero and then we will be paid to invest. My son asked me to take a look at his 401k at Fidelity where his first paycheck made a contribution. The S&P fund there is 0.01283%. Yes....less than half of what SCHB charges. I'm sure the company pays some fees. But ...
by selters
Sat Jun 23, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: Why won't Vanguard drop VTI & VOO expense to 0.03?
Replies: 39
Views: 3705

Re: Why won't Vanguard drop VTI & VOO expense to 0.03?

Unlike other funds companies, Vanguard's expense ratio is backwards looking. Last year, the cost of running VTI was 0.04%. The costs for 2018 won't be ready until 2019, but they will almost certainly be lower than the costs for 2017, but maybe not low enough to round the expense ratio down to 0.03%....
by selters
Wed Jun 20, 2018 5:28 pm
Forum: Investing - Theory, News & General
Topic: Is technology the reason for low inflation?
Replies: 57
Views: 3394

Re: Is technology the reason for low inflation?

I listened to an interview recently where the interviewee, I think it was Ed Yardeni, criticized the way the hedonic adjustment in the CPI was calculated. For example since the 15 inch $2000 laptop of today has four times as much RAM, four times the processing power and four times the number of pixe...
by selters
Sat Jun 16, 2018 6:18 am
Forum: Investing - Help with Personal Investments
Topic: I feel like selling my 3 fund
Replies: 57
Views: 7871

Re: I feel like selling my 3 fund

Including your cash, your allocation to stocks is about 40%. That's not a lot. I'm not a US resident, so take what I say regarding taxes with a grain of salt, but as far as I've understood, anyone over 21 with a taxable earned income can open an IRA, which is a tax advantaged account. You may want t...
by selters
Fri Jun 15, 2018 2:28 pm
Forum: Investing - Theory, News & General
Topic: Factor-based strategy is better (winer), OK. then who are the losers?
Replies: 55
Views: 2705

Re: Factor-based strategy is better (winer), OK. then who are the losers?

larryswedroe wrote:
Mon Sep 05, 2016 8:03 am
selters
Factors are LONG/SHORT portfolios so the factors that underperform are the SHORT side, so large, growth, low profitability, high investment, negative momentum, and so on.
Larry
by selters
Sat Jun 09, 2018 7:28 am
Forum: Investing - Theory, News & General
Topic: High priced stocks that turned out to be great investments?
Replies: 4
Views: 789

High priced stocks that turned out to be great investments?

With many stocks (Tesla, Amazon Netflix) now being priced at trailing P/Es in the hundreds, I'm wondering if these stocks will be good investments even if their businesses will do well. Cisco since 2000 and many Japanese companies since 1989 have done just fine as businesses, but have been bad inves...
by selters
Sat Jun 02, 2018 3:19 am
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 5502

Re: Have $2.5M at 30, career advice needed

You make 550k and you are (nearly) debt free. I don't think property taxes of 30k is what keeps you from retiring early. With your income, you have a lot of room for both spending and saving/investing compared to 99% of the population, even in the richest countries in the world. As long as you save ...
by selters
Wed May 30, 2018 5:16 am
Forum: Investing - Help with Personal Investments
Topic: ITOT versus VTSAX
Replies: 25
Views: 2051

Re: ITOT versus VTSAX

Is the Vanguard Total Market ETF (VTI) available in Etrade? They are both indexed funds tracking the Russel 1000 TR benchmark. The expenses for ITOT are lower than for VTI/VTSAX. I think Morningstar uses the Russell 1000 index in their charts but VTI and ITOT track total stock market indexes from C...
by selters
Wed May 30, 2018 4:51 am
Forum: Investing - Help with Personal Investments
Topic: Opened 401K - Slavic Portfolio Help Please
Replies: 6
Views: 533

Re: Opened 401K - Slavic Portfolio Help Please

10% Vanguard Total Bond Market Index Admiraldetails VBTLX 60% Vanguard Total Stock Market Index Admiradetails VTSAX 20% iShares MSCI EAFE International Index Kdetails BTMKX 10% DFA Emerging Markets Core Equitydetails DFCEX Or you can just go 100% Vanguard Target Retirement 2050 VFIFX, which does all...
by selters
Sat May 26, 2018 3:53 am
Forum: Investing - Theory, News & General
Topic: Theory: Total World Index a Sure Fire Win [VT/VTWSX]
Replies: 155
Views: 13616

Re: Theory: Total World Index a Sure Fire Win [VT/VTWSX]

Many investors I know in their 50s and 60s have been US-only. It has worked out great for them. Many McDonalds, Microsoft, Exxon Mobil, Nike, Disney, Berkshire, Amazon employees have been company stock only. It has worked out from fine to great for them, too. Not so well for Enron, Lehman Brothers ...