Search found 245 matches

by Vulcan
Tue Dec 11, 2018 6:25 pm
Forum: Personal Consumer Issues
Topic: Fax without a telephone line
Replies: 13
Views: 1261

Re: Fax without a telephone line

You can get a phone number from callcentric for $1/mo and receive unlimited faxes that will be e-mailed to you as PDFs.
by Vulcan
Sun Nov 25, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: A few questions on VTWSX [Vanguard Total World Stock]
Replies: 13
Views: 1633

Re: A few questions on VTWSX

oldcomputerguy wrote:
Fri Nov 23, 2018 12:02 pm
arcticpineapplecorp. wrote:
Thu Nov 22, 2018 9:33 pm
if it's tax deferred or Roth it's fine. But if it's taxable wouldn't you lose out on the foreign tax credit with total world because you don't know how much of the dividends were from foreign sources?
Isn’t that broken out on the 1099-DIV?
It is, in box 6.
by Vulcan
Thu Nov 22, 2018 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: HSBC online savings; comments?
Replies: 14
Views: 1442

Re: HSBC online savings; comments?

HSBC is easily the worst big bank I've ever dealt with. Today, most people have no reason to look past Ally. Great free interest-paying checking account (next day ACH transfers, excellent interface, free checks, and domestic 3rd party ATM fee rebates) and very competitive savings rates (2.0% APR cur...
by Vulcan
Thu Nov 22, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 650
Views: 45650

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

For those transferring from Saturna with Vanguard admiral shares to this new Fidelity option, what is the fastest way to accomplish this? I was told by Fidelity that an in-kind transfer of VTSAX is not possible. I don’t want to lose $500 in market value while waiting for cash to transfer to save $2...
by Vulcan
Wed Nov 21, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: [The Economist: Should investors diversify away from America?]
Replies: 24
Views: 3835

Re: Thoughts on this article from The Economist?

So I believe you picked those dates 1986-2012 because they look like both US and Europe ended up at the same place but there would have been some diversification benefit (from rebalancing) clearly when one did better or worse than the other. But when I can I like to use ALL data, not just some. And...
by Vulcan
Tue Nov 20, 2018 10:43 pm
Forum: Investing - Theory, News & General
Topic: [The Economist: Should investors diversify away from America?]
Replies: 24
Views: 3835

Re: [The Economist: Should investors diversify away from America?]

You can’t - or better put, shouldn’t - have a conversation about global investing, without factoring the REAL effect of currency risk.....some choose not to. I wish them luck (and will leave it at that). Currency risk is overblown. When a currency inflates, assets denominated in that currency get m...
by Vulcan
Tue Nov 20, 2018 10:41 pm
Forum: Investing - Theory, News & General
Topic: [The Economist: Should investors diversify away from America?]
Replies: 24
Views: 3835

Re: Thoughts on this article from The Economist?

[quoted post removed by admin LadyGeek]

It's all priced in

US vs Europe
Image
by Vulcan
Mon Nov 19, 2018 2:02 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

Vulcan wrote: If you torture the data long enough, it will confess to anything. 1+ Well put. Apparently, Ronald Coase, a Nobel Prize winning economist, knew what he was talking about;-) I'll go ahead and make it my signature. It looks like this truth bears more repeating on this forum than one woul...
by Vulcan
Mon Nov 19, 2018 9:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard lowering Admiral level to $3,000?
Replies: 224
Views: 17143

Re: Vanguard lowering Admiral level to $3,000?

Still no admiral shares for VTWSX (Total World Stock).
I'd love to get out of the ETF business and back to the mutual funds.
by Vulcan
Mon Nov 19, 2018 8:11 am
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

If you torture the data long enough, it will confess to anything.

US vs Europe
Image
by Vulcan
Sun Nov 18, 2018 11:25 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

Pick different end date. You don't buy and sell all at once, do you? Already back-tested contributions and withdrawals over time using portfolio visualizer - ex-US still performed badly and hurt the portfolio. Yeah... Well... There was about a 50 percent chance it would do that;) What sucks about d...
by Vulcan
Sun Nov 18, 2018 11:23 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

Anything outside world market cap is a bet. Anything outside of this you're essentially saying you know more than anyone else on this matter. Once you accept that you cannot beat the market, you realize world market cap weight is the only logical solution. No emotions involved. Only logic. “May I s...
by Vulcan
Sun Nov 18, 2018 11:20 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

In short, most arguments I hear justifying US home bias rest to some degree on the idea of American exceptionalism. Even those that do not explicitly declare it (such as the "currency risk" argument). Vulcan, what do you think of my posts in this thread justifying a home bias? The ones where you in...
by Vulcan
Sun Nov 18, 2018 11:12 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

Not if you died in 2008;) Yes - if you died in October 2007, and your heirs sold it and invested in something decent, then they did well :wink: The ex-US index never reached that level again. But we aren't dead yet;) They point is, there is nothing special about today. So why focus on the decade to...
by Vulcan
Sun Nov 18, 2018 11:09 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

Anything outside world market cap is a bet. Anything outside of this you're essentially saying you know more than anyone else on this matter. Once you accept that you cannot beat the market, you realize world market cap weight is the only logical solution. No emotions involved. Only logic. “May I s...
by Vulcan
Sun Nov 18, 2018 10:50 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

Not if you died in 2008;) Yes - if you died in October 2007, and your heirs sold it and invested in something decent, then they did well :wink: The ex-US index never reached that level again. But we aren't dead yet;) They point is, there is nothing special about today. So why focus on the decade to...
by Vulcan
Sun Nov 18, 2018 10:37 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

That said, during the last 18 years, vanguard's Emerging Markets mutual fund outperformed US stock market about as often as it didn't. https://i.imgur.com/1ok083v.png Right, but the bottom line is that you still got under-performance with ex-US indexing in general, and with indexing emerging market...
by Vulcan
Sun Nov 18, 2018 10:36 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

Expected returns. Expected risk levels.... These are all based on backtesting, model portfolios, past performance, Efficient Frontier charts, and the like, as I said. Obviously they do have value, even for you. Not really, no. Expected returns not in terms of past returns as predicted by backtestin...
by Vulcan
Sun Nov 18, 2018 10:06 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

I guess some of that probably has to do with Rupee depreciation. Not sure where the rest of that went, and what the performance of the Indian market within VXUS (and later VT) was during that period, but since it's only about 1% of VT's global portfolio, and all EMs are currently only 10% combined,...
by Vulcan
Sun Nov 18, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

So you invest in commodities, currencies, and bonds, in proportion to their market capitalization, or do you choose to be less than perfectly diversified? Stones and glass houses, you know? I do invest in bonds, including international bonds, though because of certain portfolio construction limitat...
by Vulcan
Sun Nov 18, 2018 8:11 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

My 25% allocation to ex-US very well might be a mistake, but that is what allows me to sleep well. At 25%, it can't be a huge mistake... If ex-US continues to perform poorly (which is my expectation), it won't be devastating to you, and if it miraculously performs amazingly well, you will at least ...
by Vulcan
Sun Nov 18, 2018 6:51 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

Importantly, I do not think the onus is on the proponents of global cap weight to justify their choice, as far as "nobody knows nuthin' " orthodoxy is concerned. The onus is on those who think they know something that justifies deviating from marker cap in an easily investable stock continuum. Not ...
by Vulcan
Sun Nov 18, 2018 6:22 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

That didn't translate to good returns from investing in India index ETFs, unfortunately... The growth in the Indian economy isn't reflected in the returns of index investments that I have available to me. For example, there has been tremendous growth in the Indian economy over the last 9 years, but...
by Vulcan
Sun Nov 18, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

The problem is, the world is changing whether you wait for it or not. It is changing, but not in a way that I can profit from by index investing in foreign countries. The significant changes are in China and India, of course, but those haven't led to changes in the structure of their economies and ...
by Vulcan
Sun Nov 18, 2018 4:44 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

I am a bit younger than you, but not as young as you wish you were;). However, I hope to eventually have enough to pass some to my kids, hence my time horizon is long. Otherwise I'd be mostly in bonds anyway. I already passed to my kids because I believe the time it really makes a difference in the...
by Vulcan
Sun Nov 18, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

You might not care about the Efficient Frontier or any other model portfolios, or backtesting, or any other method used to determine possible success or failure of any investing ideas. In my opinion, that is foolish. However, based on your own reasoning, what would be the justification for owning a...
by Vulcan
Sun Nov 18, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

Regarding the developed market companies you mentioned... These are fine companies, but there are differences between countries and economies in terms of the focus on the shareholder. Share prices tend to be an extreme focus of American companies, and not quite as much for others. The priorities ar...
by Vulcan
Sun Nov 18, 2018 4:19 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

I invest globally because I do not have any reasons to believe I can pick future winners over losers, be it individual stocks, or individual countries. I just have to trust that assets that are investable to me are priced more or less fairly, and invest as broadly as possible. . . . Hey, I can't pi...
by Vulcan
Sun Nov 18, 2018 3:03 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

. . . fearmongering about how scary the world is outside the US, which is the only beacon of freedom and democracy, and shall forever reign supreme. Well, 26 of the 46 countries I counted in the VT Annual Report apparently thought the world outside the US scary enough to enter into Collective Defen...
by Vulcan
Sun Nov 18, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

You might not care about the Efficient Frontier or any other model portfolios, or backtesting, or any other method used to determine possible success or failure of any investing ideas. In my opinion, that is foolish. However, based on your own reasoning, what would be the justification for owning a...
by Vulcan
Sun Nov 18, 2018 2:41 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

And, yet, almost nobody squawking about the need to invest internationally suggests EAFE-indexed choices. Nope, all the braying is about Total International, for, you know, diversification and yada, yada, yada. What’s wrong with emerging markets? https://www.portfoliovisualizer.com/fund-performance...
by Vulcan
Sun Nov 18, 2018 2:39 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

You might not care about the Efficient Frontier or any other model portfolios, or backtesting, or any other method used to determine possible success or failure of any investing ideas. In my opinion, that is foolish. However, based on your own reasoning, what would be the justification for owning a...
by Vulcan
Sun Nov 18, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

Let's see, not including the US, this makes (41 to 46)/(195 to 196), or about 20-23% of the "total world" politically. Heck, if it weren't for South Africa's inclusion, it'd be missing a whole continent . Do you think if we included all those other countries, that the "total world" ex-US risk would...
by Vulcan
Sun Nov 18, 2018 11:50 am
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

And, yet, almost nobody squawking about the need to invest internationally suggests EAFE-indexed choices. Nope, all the braying is about Total International, for, you know, diversification and yada, yada, yada. That is a separate conversation. If we FIRST agree that a degree of international divers...
by Vulcan
Sun Nov 18, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

And, yet, almost nobody squawking about the need to invest internationally suggests EAFE-indexed choices. Nope, all the braying is about Total International, for, you know, diversification and yada, yada, yada. That is a separate conversation. If we FIRST agree that a degree of international divers...
by Vulcan
Sun Nov 18, 2018 11:18 am
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

As an American by choice, I am as appreciative of America's promise as the next guy. I too am an American by choice. I was born in a foreign country that has extremely limited human rights. My family was forced to flee that country when I was an infant. I had to choose at age 18 which country I wou...
by Vulcan
Sun Nov 18, 2018 11:02 am
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

There is risk everywhere in the world. That's why we diversify. As a strong adherent of the "nobody known nuthin' " paradigm, I believe that most people better have damn good reasons to own anything different than world cap. "America is world's special little snowflake" is not such a reason in my b...
by Vulcan
Sun Nov 18, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

Spare me all the backtesting and hairsplitting about the "currency risk". Those eschewing international diversification are essentially saying that it can't happen here . What about the expenses, the taxes, the different levels of liquidity, risks of capital controls, the lack of legal recourse, th...
by Vulcan
Sun Nov 18, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

Spare me all the backtesting and hairsplitting about the "currency risk". Those eschewing international diversification are essentially saying that it can't happen here . You mean, like what just happened there? "A reliance on the strongman model of leadership"? Yes, that, among a miriad other thin...
by Vulcan
Sun Nov 18, 2018 9:59 am
Forum: Investing - Theory, News & General
Topic: If riskier than US, why doesn't international outperform?
Replies: 171
Views: 9658

Re: If riskier than US, why doesn't international outperform?

Spare me all the backtesting and hairsplitting about the "currency risk".

Those eschewing international diversification are essentially saying that it can't happen here.
by Vulcan
Thu Nov 15, 2018 2:30 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 650
Views: 45650

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

You can electronically transfer cash up to the annual contribution limit. So if you transfer ftom HealthEquity to Fidelity at least annually, you will just be able to withdraw from HI and then electronically deposit with Fidelity without filling out any forms at all. Fidelity will then report it as...
by Vulcan
Thu Nov 15, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 650
Views: 45650

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Are "fees" verified online anywhere? Are these trading fees for all levels of Fidelity customers - or do certain customers with higher assets get different fees? Before I close and transfer from HSA Bank, I'd like to see all their fees in writing, online. There are no HSA-specific fees. Just wateve...
by Vulcan
Thu Nov 15, 2018 12:03 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 650
Views: 45650

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Annual contributions can be transferred electronically and treated as an indirect rollover. It's only when you try to exceed maximum annual limit that they disallow it. So yes, one-time. Could you clarify? You'd be transferring dollars. They're just "balance". Nothing identifies them as contributio...
by Vulcan
Thu Nov 15, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 650
Views: 45650

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Besides, is filling out paper form and scanning it really this much less hassle than mailing an electronically pre-filled form? Yes, it's about 98% less hassle. I've done both, and find them to take about the same amount of time. It definitely doesn't take me 50 times longer to print and lick an en...
by Vulcan
Thu Nov 15, 2018 11:47 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 650
Views: 45650

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

No it's definitely not a one-time thing. (That's only for the specific scenario of transferring an old account over and closing it.) The much more common scenario is that your payroll contributions go to your employer-sponsored HSA, (for me that's HealthEquity) and then you transfer the funds over ...
by Vulcan
Thu Nov 15, 2018 11:44 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 650
Views: 45650

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Can someone provide a link to the transfer of assets form please? I opened the account and selected electronic transfer by mistake, and when I tried to go back to the application confirmation page (that had the form link), I am unable to access the page. https://toa.fidelity.com/ftgw/toa/transfer/s...
by Vulcan
Thu Nov 15, 2018 11:43 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 650
Views: 45650

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I don’t have it in front of me right now, but I think it’s a mail-in form, without electronic options. Wow. That kind of hassle factor could be a deal breaker for me. It's a bigger issue than the fees. How so? It's a one time event, and is a common requirement with initial asset transfers. So I loo...
by Vulcan
Thu Nov 15, 2018 11:11 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 650
Views: 45650

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

So I looked at the form more closely. It seems that you need to mail it in, with a medallion signature guarantee. This could very well be a requirement of the current provider, not Fidelity. I am basically signing a form giving Fidelity the authority to secure a transfer of my funds from HSA Bank. ...
by Vulcan
Thu Nov 15, 2018 10:27 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 650
Views: 45650

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

What are the options to "return" the form? Snail mail only? Or fax? Or scan and email, or secure message? I don’t have it in front of me right now, but I think it’s a mail-in form, without electronic options. Wow. That kind of hassle factor could be a deal breaker for me. It's a bigger issue than t...
by Vulcan
Thu Nov 15, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 650
Views: 45650

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

exigent wrote:
Thu Nov 15, 2018 10:01 am
b0B wrote:
Thu Nov 15, 2018 9:35 am
What are the options to "return" the form? Snail mail only? Or fax? Or scan and email, or secure message?
I don’t have it in front of me right now, but I think it’s a mail-in form, without electronic options.
Correct