Search found 947 matches

by oldzey
Sat Aug 18, 2018 12:51 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: 28256

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

One of Taylor Larimore's favorite sayings is: "When experts disagree it is often because it does not make a foreseeable difference." Steven Dunn's* remarks reinforce this observation (see #8 below), originally found at: http://socialize.morningstar.com/NewSocialize/forums/t/162377.aspx Order of imp...
by oldzey
Fri Aug 17, 2018 11:46 pm
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: 28256

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

One of Taylor Larimore's favorite sayings is: "When experts disagree it is often because it does not make a foreseeable difference." Steven Dunn's* remarks reinforce this observation (see #8 below), originally found at: http://socialize.morningstar.com/NewSocialize/forums/t/162377.aspx Order of impo...
by oldzey
Fri Aug 17, 2018 6:03 pm
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: 28256

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

Bob Dylan said it well:

Sailin’ round the world in a dirty gondola
Oh, to be back in the land of Coca-Cola!
by oldzey
Thu Aug 16, 2018 10:07 pm
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: 28256

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

9 pages in. I have to ask. Has a single person changed their position having read or participated in this thread? :shock: :oops: :sharebeer I'm with Jack Bogle (I don't use International, like him). However, Jack says that if you have to have International investments, to limit them to no more than...
by oldzey
Thu Aug 16, 2018 5:50 pm
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: 28256

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

I've been quite happy with the U.S. companies I exclusively invest in (that derive 50% of their revenues from other countries).

It works for Jack, and it works for me as well.

Cheers! :beer
by oldzey
Wed Aug 15, 2018 10:33 pm
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: 28256

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

Australian stocks have dramatically outperformed US stocks over the period from 1900 to present. That's much longer term than a mere 30 years! Since including US stocks would have dragged down returns compared to an all-Australia portfolio, why are we still considering investing in the US when the ...
by oldzey
Wed Aug 15, 2018 3:53 pm
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: 28256

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

The inception date of Vanguard Total Stock U.S. Stock Market Index Fund ( VTSMX ) was 4/27/1992. The inception date of Vanguard Total International Stock Index Fund ( VGTSX ) was 4/29/1996. Per Morningstar , as of 8/13/2018, if you had invested $10,000 in both funds on 4/30/1996, you would currentl...
by oldzey
Wed Aug 15, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6752
Views: 1468257

Re: U.S. stocks in freefall

Sell everything - the sky is falling! :P

Image
by oldzey
Tue Aug 14, 2018 4:11 pm
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: 28256

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

Returns for given US:international AA ratio Portfolio 1: 100:0 Portfolio 2: 75:25 Portfolio 3: 50:50 https://i.imgur.com/R8zbZfc.png Conclusion: Pick a #, go have a beer, and stop worrying about it. I'll pick 100:0 (which is what I actually do). :beer Cheers! :beer https://i.imgur.com/EshwGCU.jpg
by oldzey
Tue Aug 14, 2018 12:22 pm
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: 28256

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

The inception date of Vanguard Total Stock U.S. Stock Market Index Fund ( VTSMX ) was 4/27/1992. The inception date of Vanguard Total International Stock Index Fund ( VGTSX ) was 4/29/1996. Per Morningstar , as of 8/13/2018, if you had invested $10,000 in both funds on 4/30/1996, you would currentl...
by oldzey
Tue Aug 14, 2018 11:30 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: 28256

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

I never invested in international, but not because it is not doing well it is because years ago I read Common Sense on Mutual Funds and John Bogle's chapter on that subject resonated with me so much that I felt it wasn't necessary. Having said that, just when you stop investing in it, it will do be...
by oldzey
Tue Aug 14, 2018 10:17 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: 28256

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

I think that OP's mindset is an excellent example of a major problem with 'buy-and-hold': it's very difficult for many people to implement it. The urge to do something after years of underperformance compared to another strategy is just too great for many. Those folks should invest in a target date...
by oldzey
Tue Aug 14, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 509
Views: 28256

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

Oldzey - exactly, this is not just a 10 year phenomenon. I think many here don't realize the degree of underperformance of ex-US, even in the long term. If past (including long-term) performance doesn't justify investing in ex-US, then what does? John Bogle makes some good arguments about not inves...
by oldzey
Tue Aug 14, 2018 9:38 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: 28256

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

The inception date of Vanguard Total Stock U.S. Stock Market Index Fund ( VTSMX ) was 4/27/1992. The inception date of Vanguard Total International Stock Index Fund ( VGTSX ) was 4/29/1996. Per Morningstar , as of 8/13/2018, if you had invested $10,000 in both funds on 4/30/1996, you would currently...
by oldzey
Mon Aug 13, 2018 9:57 pm
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 151
Views: 19340

Re: International stocks in free fall

ReformedSpender wrote:
Mon Aug 13, 2018 8:38 pm
Vanguard total international stock index (admiral and investor shares) just half a percent away from 52 week lows after the close today

:shock:
Well, at least they're on sale. :|
by oldzey
Mon Aug 13, 2018 9:51 pm
Forum: Investing - Theory, News & General
Topic: Is Tax-Managed Small Cap (VTMSX) an underrated fund?
Replies: 57
Views: 7163

Re: Is Tax-Managed Small Cap (VTMSX) an underrated fund?

Thank you for the explanation(s), grabiner! :thumbsup :thumbsup
by oldzey
Fri Aug 10, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 151
Views: 19340

Re: International stocks in free fall

0% International works for me!

TGIF!

:sharebeer
by oldzey
Fri Aug 10, 2018 3:28 pm
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

0% International works for me.

Stay the course! :beer
by oldzey
Tue Jul 24, 2018 3:26 am
Forum: Personal Consumer Issues
Topic: Tornadoes in Iowa,Nebraska,KC In August
Replies: 46
Views: 2491

Re: Tornadoes in Iowa,Nebraska,KC In August

I grew up in Des Moines. The first part of August is devoted to the Iowa State Fair, where you can experience Midwestern heat and humidity (along with every kind of fried food on a stick) in all of its glory. Every 4 years, you'll get the added bonus of U.S. Presidential candidates. Tornadoes (and m...
by oldzey
Sun Jul 22, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: Is Tax-Managed Small Cap (VTMSX) an underrated fund?
Replies: 57
Views: 7163

Re: Is Tax-Managed Small Cap (VTMSX) an underrated fund?

My primary concern with VTMSX is that there is no ETF class, so it might have to distribute a capital gain one day. Using IJR avoids this possibility. It should avoid the possibility. There is an element of manager risk there. Look at capital gain distributions for SLYV versus IJS or VIOV , for exa...
by oldzey
Sat Jul 21, 2018 4:51 pm
Forum: Investing - Theory, News & General
Topic: Is Tax-Managed Small Cap (VTMSX) an underrated fund?
Replies: 57
Views: 7163

Re: Is Tax-Managed Small Cap (VTMSX) an underrated fund?

Earl Lemongrab wrote:
Sat Jul 21, 2018 4:28 pm
To clarify, I was looking at the S&P 600 value fund, using IJS as a comparison.
M* Growth Chart Comparison of VTMSX and IJS from inception date of IJS (iShares S&P Small-Cap 600 Value ETF).
by oldzey
Sat Jul 21, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: Is Tax-Managed Small Cap (VTMSX) an underrated fund?
Replies: 57
Views: 7163

Re: Is Tax-Managed Small Cap (VTMSX) an underrated fund?

M* Growth Chart comparison of VTMSX, VSMAX, VSGAX, and VSIAX - from VTMSX inception date. Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) Vanguard Small-Cap Growth Index Fund Admiral (VSGAX) Vanguard Small-Cap Value Index Fund Admiral ...
by oldzey
Thu Jul 19, 2018 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: International Allocation and Underperformance vs US
Replies: 15
Views: 925

Re: International Allocation and Underperformance vs US

OldSport wrote:
Thu Jul 19, 2018 11:09 pm
What do you all think of the underperformance of International vs US?
I think it informs my decision to hold 0% International equities or fixed income in my portfolio (and stay the course). :beer
by oldzey
Thu Jul 19, 2018 10:51 pm
Forum: Investing - Theory, News & General
Topic: Is Tax-Managed Small Cap (VTMSX) an underrated fund?
Replies: 57
Views: 7163

Re: Is Tax-Managed Small Cap (VTMSX) an underrated fund?

Qualified dividend income—2017 year-end figures: VTMSX - Vanguard Tax-Managed Small-Cap Fund Admiral Shares (ER 0.09%): 94.09% VIOO - Vanguard S&P Small-Cap 600 ETF (ER 0.15%): 79.71% IJR - iShares Core S&P Small-Cap ETF (ER 0.07%): 83.19% M* Growth Chart Comparison from inception date of VIOO. M* ...
by oldzey
Thu Jul 19, 2018 4:40 pm
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: 8828

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 oldzey
Thu Jul 19, 2018 1:56 pm
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: 8828

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

My wife’s father, his siblings, and a few other relatives inherited more than $50,000 a piece of stock in a company from a relative that worked there for 35 years. All told it was nearly $800,000.00. Everyone but his spendthrift sister held onto the stock. One brother bought her out. She almost cer...
by oldzey
Wed Jul 18, 2018 9:06 pm
Forum: Investing - Theory, News & General
Topic: Is Tax-Managed Small Cap (VTMSX) an underrated fund?
Replies: 57
Views: 7163

Re: Is Tax-Managed Small Cap (VTMSX) an underrated fund?

I hold the S&P600 Value through VIOV, but my 401k only has Vanguard Small-Value (CRSP index) and this Tax-Managed fund. For now I am using the SCV VG fund in 401k (will be putting 100% of Roth into VIOV to reduce the holding) but I have considered using this fund instead. Something feels wrong thou...
by oldzey
Wed Jul 18, 2018 1:35 pm
Forum: Personal Consumer Issues
Topic: [A Splendid Exchange, by William Bernstein - on sale for Kindle]
Replies: 19
Views: 1942

Re: Splendid Exchange Kindle Sale

Thank you for the heads-up, Dr. Bernstein - I look forward to reading it on vacation!
by oldzey
Tue Jul 17, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Where to get a $100 bill?
Replies: 49
Views: 5118

Re: Where to get a $100 bill?

Give two $50 Bills instead.
by oldzey
Tue Jul 17, 2018 4:41 pm
Forum: Investing - Theory, News & General
Topic: Is Tax-Managed Small Cap (VTMSX) an underrated fund?
Replies: 57
Views: 7163

Re: Is Tax-Managed Small Cap (VTMSX) an underrated fund?

kaeltor wrote:
Tue Jul 17, 2018 4:11 pm
VTSMX = VTSAX no?
VTSMX is the Investor Shares class of the Vanguard Total Stock Market Index Fund, and VTSAX is the Admiral Shares class.

This post is discussing VTMSX - Vanguard Tax-Managed Small-Cap Fund Admiral Shares.

The tickers look very similar (VTMSX and VTSMX).
by oldzey
Mon Jul 16, 2018 7:06 pm
Forum: Investing - Theory, News & General
Topic: Is Tax-Managed Small Cap (VTMSX) an underrated fund?
Replies: 57
Views: 7163

Re: Is Tax-Managed Small Cap (VTMSX) an underrated fund?

I actually have it in my Roth IRA. I like it.
by oldzey
Sat Jul 14, 2018 2:36 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 15029

Re: COMING SOON: BOGLEHEADS PODCASTS

Thanks to everyone who participated. We're closing the poll. Rick and I have decided that simple is better. We're going to go with: DRUMROLL PLEASE "Bogleheads on Investing" Clearly states who it is and what it's about. Now who came up with this? Will the winner step up so we can confirm that you s...
by oldzey
Fri Jul 13, 2018 8:15 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 15029

Re: COMING SOON: BOGLEHEADS PODCASTS

“Investing Intelligently With the Bogleheads”

“Investing Wisely With the Bogleheads”

“Investing Strategically With the Bogleheads”
by oldzey
Thu Jul 12, 2018 9:37 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 15029

Re: COMING SOON: BOGLEHEADS PODCASTS

Keeping Up with the Bogleheads The Walking Bogleheads Bogleheads: The Simple Life Boglehead Factor Project Boglehead Say Yes to the Bogleheads Dancing with the Bogleheads Growing up Boglehead Extreme Boglehead Makeover Boglehead Fund Swap Boglehead Rehab Boglehead's Kitchen Boglehead Dynasty Boglehe...
by oldzey
Thu Jul 12, 2018 4:55 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 15029

Re: COMING SOON: BOGLEHEADS PODCASTS

oldzey wrote:
Thu Jul 12, 2018 4:32 pm
Rick-rolling with the Bogleheads.
or alternately:

Rolling with Rick Ferri and the Bogleheads
by oldzey
Thu Jul 12, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 15029

Re: COMING SOON: BOGLEHEADS PODCASTS

Rick-rolling with the Bogleheads.
by oldzey
Thu Jul 12, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 15029

Re: COMING SOON: BOGLEHEADS PODCASTS

Bogleheads: Same as it ever was...

:beer
by oldzey
Thu Jul 12, 2018 4:08 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 15029

Re: COMING SOON: BOGLEHEADS PODCASTS

The Grateful Bogleheads

Bogleheads and Company

Bogleheads: Where the returns are about average.

Bogleheads: We never promised you a rose garden.

Bogleheads: For the good times (and the bad).
by oldzey
Thu Jul 12, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 15029

Re: COMING SOON: BOGLEHEADS PODCASTS

Boglehead Banter
by oldzey
Thu Jul 12, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 15029

Re: COMING SOON: BOGLEHEADS PODCASTS

Press on Regardless: Investing Advice Inspired by Jack Bogle and the Bogleheads.
by oldzey
Thu Jul 12, 2018 12:54 am
Forum: Investing - Theory, News & General
Topic: The value of international stocks, in pictures
Replies: 62
Views: 7736

Re: The value of international stocks, in pictures

So what do all of you recommend for AA for US/international? 80/20? In my brokerage, I’m only 11.7% international. I auto invest a good chunk of money each month, which I have set to 75% VTSAX 25% VTIAX. I’m thinking of maybe doing 50/50 for a while as international is supposed to be a better value...
by oldzey
Wed Jul 11, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Asset Allocation and Market Collapse
Replies: 2
Views: 1292

Re: Jack Bogle on Asset Allocation and Market Collapse

+1

That's a great interview with Mr. Bogle, along with the other 10 parts of it: https://www.youtube.com/user/witteecon/videos
by oldzey
Tue Jul 10, 2018 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: What % of your equity is int’l?
Replies: 141
Views: 8156

Re: What % of your equity is int’l?

0% unless you count the approximation that 50% of the S&P's revenue is outside the United States. But for all intents and purposes I guess most here would consider it 0% Roger that - same here - 0% international. :sharebeer Yes, we belong to a very exclusive club!! lol. You, Me, Jack Bogle and Warr...
by oldzey
Sat Jul 07, 2018 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Annuities and FIRE
Replies: 8
Views: 774

Re: TIAA Annuities and FIRE

Yes, you're right - it can be confusing trying to understand TIAA terminology and some of their unique financial instruments. I'd recommend the M* TIAA Forum . There's lots of advice, opinions, and examples. Some of the forum regulars have been with TIAA for over 50 years. There are many posts on th...
by oldzey
Mon Jul 02, 2018 3:08 am
Forum: Investing - Help with Personal Investments
Topic: What % of your equity is int’l?
Replies: 141
Views: 8156

Re: What % of your equity is int’l?

stemikger wrote:
Sun Jul 01, 2018 8:49 am
0% unless you count the approximation that 50% of the S&P's revenue is outside the United States. But for all intents and purposes I guess most here would consider it 0%
Roger that - same here - 0% international. :sharebeer
by oldzey
Sun Jul 01, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Question on "If You Can, How Millenials Can Get Rich Slowly"
Replies: 30
Views: 3775

Re: Question on "If You Can, How Millenials Can Get Rich Slowly"

One example is your parents, in-laws, grandparents, coworkers, barista, random people off the street, and friends will tell you to buy a house because renting is "throwing money away." I bet you've already heard this common truth before, and as an adult you'll hear it 10000x more. This advice is co...