Search found 2105 matches

by saltycaper
Sun Nov 19, 2017 1:20 am
Forum: Personal Consumer Issues
Topic: Best albums of 2017
Replies: 8
Views: 855

Re: Best albums of 2017

Roger Waters - Is This The Life We Really Want?

David Gilmour - Live At Pompeii
by saltycaper
Fri Nov 17, 2017 12:01 pm
Forum: Investing - Theory, News & General
Topic: Yet another TIPS thread
Replies: 3
Views: 542

Re: Yet another TIPS thread

The use of auction dates as markers seems arbitrary. The 10-year TIPS frequently has poked its head through the 0.5% level over the past couple of years. As for buying decisions, there are no hard and fast rules. Some people refer to the chart in the back of Larry Swedroe's bond book. It's likely da...
by saltycaper
Thu Nov 16, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 90
Views: 3296

Re: Where did you first learn about investing?

Started trading stocks just before the summit of the 90s bull market, having gotten caught up in the interplay between the spread of online stock trading for the masses and the excitement over the Internet itself. Made a lot of money. Lost a lot of money. Had a lot of fun. I happened to pick up a co...
by saltycaper
Wed Nov 15, 2017 11:19 pm
Forum: Personal Consumer Issues
Topic: Pennsylvania Vehicle Registration Renewal - 2 year option
Replies: 24
Views: 2257

Re: Pennsylvania Vehicle Registration Renewal - 2 year option

So perhaps we go by MassD2OT. The acceleration of Mass, as in the change of DOT with respect to time. (non engineers are now rolling their eyes) Non-engineer here. Not rolling eyes, just squinting. Why is there an 'O' in the differential? Is this an engineering thing, an advanced topic, or just a l...
by saltycaper
Tue Nov 14, 2017 11:14 pm
Forum: Personal Consumer Issues
Topic: Michelin or Bridgestone?
Replies: 53
Views: 2457

Re: Michelin or Bridgestone?

I've bought a couple sets of Michelin tires at Costco. Seemed fine. Not sure how long they lasted, as I got rid of the cars while the mileage was still pretty low. Not long ago, I was going to get another set, the Defender. I'm looking up reviews for the tire, and I came across some claims that the ...
by saltycaper
Tue Nov 14, 2017 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Brokered CDs - often better return secondary market
Replies: 16
Views: 1604

Re: Brokered CDs - often better return secondary market

At Fidelity, it's just $1 per $1,000 no matter your balance, though I imagine yields differ by broker, possibly in part due to fees you may not see.
by saltycaper
Tue Nov 14, 2017 3:38 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 7164

Re: GE and the myth of "safe blue-chip stocks"

Lots of anchoring going on in this thread. Careful out there. GE's stock price in 2008, 2016, or whenever is totally irrelevant when considering whether you should buy the stock today.
by saltycaper
Tue Nov 14, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Brokered CDs - often better return secondary market
Replies: 16
Views: 1604

Re: Brokered CDs - often better return secondary market

Is it possible they are so illiquid that their illiquidity cannot be accurately priced by the retail investors who buy them at auction? If $X million is available at auction, but when sold, a much smaller amount, say, 5K-50K is available at any one time, does this help explain the difference? In oth...
by saltycaper
Tue Nov 14, 2017 7:58 am
Forum: Investing - Help with Personal Investments
Topic: problem new Vanguard Global Wellington fund
Replies: 29
Views: 1879

Re: problem new Vanguard Global Wellington fund

If this fund was launched last month, I would guess it will be until the end of the quarter before info is posted. That seems to be when those pages get updated.
by saltycaper
Tue Nov 14, 2017 7:53 am
Forum: Investing - Help with Personal Investments
Topic: problem new Vanguard Global Wellington fund
Replies: 29
Views: 1879

Re: problem new Vanguard Global Wellington fund

My question asking if this is normal is not about how the market goes up and down :!: - but about the display of activity without the back-up info causing that activity. Well, even info on the Vanguard website for well-established funds doesn't indicate what caused the performance. If you just mean...
by saltycaper
Tue Nov 14, 2017 12:35 am
Forum: Personal Consumer Issues
Topic: Keurig died...what now?
Replies: 73
Views: 5121

Re: Keurig died...what now?

Bit the dust "recently," eh?

You know there are other options, eh?

Wondering if you should switch brands, eh?

Your username is "Howie," eh?

"What now?" indeed.

I would look for something more automated, compact, and easier to use. I'd prefer if it just drank the coffee for me.
by saltycaper
Mon Nov 13, 2017 2:49 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman: The One Fund Every Investor Should Own
Replies: 122
Views: 18256

Re: Paul Merriman: The One Fund Every Investor Should Own

Mel Lindauer wrote:
Sun Nov 12, 2017 8:38 pm

Ahh, yes, here's to Mel's Unloved Mid-Caps. :sharebeer
One of the "every funds" Merriman mentions is Vanguard Small Cap Value, but 40% of the fund is mid-cap. If someone forced me to hold just one domestic stock fund, it would be Vanguard Small Cap Value.
by saltycaper
Mon Nov 13, 2017 2:46 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 12934

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

I will give you all a great and very simple example of why people get confused about investing. As I mentioned earlier I own some Wellesley. According to Swedroe,I am committing 3 mortal sins.Dividend stocks,corporate bonds and managed fund. According to Bogle,I am just fine. That’s all. Larry take...
by saltycaper
Sat Nov 11, 2017 6:46 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman: The One Fund Every Investor Should Own
Replies: 122
Views: 18256

Re: Paul Merriman: The One Fund Every Investor Should Own

Perhaps those who think small caps are a slam dunk should take a look at this thread: https://www.bogleheads.org/forum/viewtopic.php?p=3609736#p3609736 YMMV. Good thread to link to; however, it should be noted the "one fund" and primary discussion in this thread is small-cap value, not small-cap.
by saltycaper
Sat Nov 11, 2017 3:08 pm
Forum: Investing - Theory, News & General
Topic: David Blanchett: Liability Driven Investing Misapplied
Replies: 16
Views: 1227

Re: David Blanchett: Liability Driven Investing Misapplied

David Blanchett, who co-wrote the article, is head of Morningstar Investment Management LLC which is launching new funds for the exclusive use of Financial Advisors to sell their clients. What better "sales pitch" than "Liability Driven Investing" (also called "Cash Matching" and "Dedicated Portfol...
by saltycaper
Sat Nov 11, 2017 12:23 pm
Forum: Investing - Theory, News & General
Topic: Split the Equity allocation 50% US / 50% International
Replies: 40
Views: 5095

Re: Split the Equity allocation 50% US / 50% International

The issue is not intellectual (which would default to 45/55 US/Foreign) but psychological: tracking error tolerance. My clients read the Wall Street Journal. When International stocks outperform domestic, they say, "Great job, Phil, really love those international stocks." When international stocks...
by saltycaper
Sat Nov 11, 2017 12:41 am
Forum: Investing - Theory, News & General
Topic: New CEO Tim Buckley: To run Vanguard, 'you have to be willing not to be a billionaire'
Replies: 24
Views: 4099

Re: New CEO Tim Buckley: To run Vanguard, 'you have to be willing not to be a billionaire'

Note that while it's acceptable to split an infinitive with an adverb, "not" is not an adverb. Also, The Chicago Manual of Style defaults to not splitting infinitives and allows to split them only when it's needed for emphasis or clarity. I share your love for the CMS, but "not" is an adverb. I app...
by saltycaper
Fri Nov 10, 2017 11:41 pm
Forum: Investing - Theory, News & General
Topic: David Blanchett: Liability Driven Investing Misapplied
Replies: 16
Views: 1227

Re: "Smart investing is non-mathematical and accessible to everyone"

Bogleheads: Consider the words of Michael Edesess, author of The Big Investment Lie: "As a mathematician I know when mathematical-sounding analyses are little more than elaborate sales pitches, designed to thoroughly obscure the simple fact that smart investing is non-mathematical and accessible to...
by saltycaper
Thu Nov 09, 2017 1:17 pm
Forum: Investing - Theory, News & General
Topic: "The small-cap effect really has failed to materialize"
Replies: 37
Views: 5062

Re: "The small-cap effect really has failed to materialize"

The use of small-value for higher expected return and risk than 100% equities idea is something I've heard a bit about. I have a relatively high-equity portfolio and a relatively high risk tolerance. The concept of having a portfolio of 85 - 90% equities, with equities tilted to S-V and EM, and bon...
by saltycaper
Wed Nov 08, 2017 6:10 pm
Forum: Investing - Theory, News & General
Topic: New CEO Tim Buckley: To run Vanguard, 'you have to be willing not to be a billionaire'
Replies: 24
Views: 4099

Re: New CEO Tim Buckley: To run Vanguard, 'you have to be willing not to be a billionaire'

greg24 wrote:
Wed Nov 08, 2017 5:20 pm
I'd be willing to not be a billionaire.
I'm sorry, but you must not split the infinitive in order not to be a billionaire.
by saltycaper
Wed Nov 08, 2017 4:31 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 12934

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

Can we have some balance here? ... So it doesn't have to be High Yield or No Yield, there is a middle course! At first I was going to say, "Oh, no! Not another instance where people disagree, so it is therefore assumed that the truth must lie in the middle." But, then I saw you set the two sides as...
by saltycaper
Wed Nov 08, 2017 4:26 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 12934

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

Last point,if Joe had invested 100,000 in a tax deferred account in the dividend 100 Swedroe listed and Bob invested 100,000 in the total market,Joe would have a lot more money than Bob.Do you think Joe cares that according to many academics,it was not because of the dividends?This is never ending ...
by saltycaper
Tue Nov 07, 2017 6:22 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 12934

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

In the end,this argument is pointless.People who like like dividend stocks will continue to do do and the technocrats will continue to feel satisfied that they are correct in their facts.It is very much like the national political debate which is banned on this forum.Both sides are satisfied with t...
by saltycaper
Tue Nov 07, 2017 4:22 pm
Forum: Investing - Theory, News & General
Topic: U.S. & International Allocation
Replies: 36
Views: 3290

Re: U.S. & International Allocation

Time will tell. So far it 's been ttelling us that Bogle is right. I don't feel great about going against Vanguard's advice; it's hard to imagine they could be so wrong. If you use performance figures to determine which investment was "right" and which investment was "wrong", you always will be wro...
by saltycaper
Mon Nov 06, 2017 11:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. & International Allocation
Replies: 36
Views: 3290

Re: U.S. & International Allocation

I don't think I'll ever recover what I lost by going 30% international. I shouldn't have listened to people who think they're smarter than John Bogle. If you mean you don't think your returns on your international stocks ever will be greater than 0%, that's unlikely. Unless you sold them at a loss,...
by saltycaper
Mon Nov 06, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7660

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

I think having two or three funds instead of five or seven or however many is unlikely to be helpful in the event of severe cognitive decline. If you can manage three funds, you can manage five. If you can't manage five, you probably can't manage three. Maybe one fund would be okay, but more likely,...
by saltycaper
Mon Nov 06, 2017 2:38 pm
Forum: Personal Consumer Issues
Topic: Climate controlled cars - Useful or Useless?
Replies: 49
Views: 2097

Re: Climate controlled cars - Useful or Useless?

Also when I set it to defog the front windshield, it does it with the AC which freezes me. I used to be able to defog with warm air I think... If you're just hitting defrost, instead, try manually changing the blower mode to defrost and manually turning up the temperature. Works on my climate contr...
by saltycaper
Sun Nov 05, 2017 1:52 pm
Forum: Investing - Theory, News & General
Topic: "Why You Should Choose Vanguard"
Replies: 4
Views: 805

Re: "Why You Should Choose Vanguard"

Without Jack Bogle, there would be no index funds.
I stopped reading after this silly assertion.
by saltycaper
Sat Nov 04, 2017 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Is putting money in a 401k a bad idea?
Replies: 25
Views: 2415

Re: Is putting money in a 401k a bad idea?

Every dollar contributed to a 401(k) is a dollar taxed at your top marginal rate. The same dollars coming out will first fill up the 0%, 10%, and 15% tax brackets, even if your last dollar is ultimately taxed at 25% or 28%. I see this posted often, and I do not think it's always correctly interpret...
by saltycaper
Fri Nov 03, 2017 2:01 pm
Forum: Local Chapters and Bogleheads Community
Topic: To Avatar or not to Avatar . . how did you choose or not choose?
Replies: 115
Views: 5173

Re: To Avatar or not to Avatar . . how did you choose or not choose?

F150HD wrote:
Thu Nov 02, 2017 7:27 pm

The password for my Vanguard account is the last 8 digits of PI.
Stop being irrational.

Also, e > pi.
by saltycaper
Thu Nov 02, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Parked Car Hit and Need Advice
Replies: 16
Views: 2100

Re: Parked Car Hit and Need Advice

If it's on the bumper, rust shouldn't be a concern, eh? So, why bother fixing?
by saltycaper
Thu Nov 02, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Warning Buffet Indicator?!?
Replies: 31
Views: 2499

Re: Warning Buffet Indicator?!?

From time to time, I read county health inspection reports for nearby restaurants, which has resulted in my avoiding certain establishments; however, I can't think of any serious violations that were unique to buffets. I'm not sure how helpful this knowledge has been though, for whatever benefit I m...
by saltycaper
Mon Oct 30, 2017 3:27 pm
Forum: Investing - Theory, News & General
Topic: 2-fund vs. 3-fund
Replies: 26
Views: 2501

Re: 2-fund vs. 3-fund

The purpose of my original post above was simply to ask the question going back past 1993, and the question still stands: Has international US-only investing in the past 20, 30, 40 years worked out better than US only international? (edited your post to agree with mine) If by "worked out better", y...
by saltycaper
Mon Oct 30, 2017 2:16 pm
Forum: Local Chapters and Bogleheads Community
Topic: To Avatar or not to Avatar . . how did you choose or not choose?
Replies: 115
Views: 5173

Re: To Avatar or not to Avatar . . how did you choose or not choose?

Like Charlie Brown, I have been accused by the fussbudgets around here of being wishy-washy. Accused? How about "identified"? Or, "wrongly labeled"? Nevermind. You probably aren't sure. :P My avatar is The Tower, a tarot card. It may be interpreted as chaos, failed materialism, hubris, and many oth...
by saltycaper
Mon Oct 30, 2017 1:08 pm
Forum: Investing - Theory, News & General
Topic: 2-fund vs. 3-fund
Replies: 26
Views: 2501

Re: 2-fund vs. 3-fund

Ron Scott wrote:
Mon Oct 30, 2017 10:44 am

Over the past 10, 20, 30(?), 40(?) year periods, who made more money; Saver A or Saver B?
I would guess Saver A. But, what's so special about today?
by saltycaper
Fri Oct 20, 2017 2:09 pm
Forum: Investing - Theory, News & General
Topic: "Using Jack Bogle's own words against him when it comes to international investing"
Replies: 30
Views: 3852

Re: "Using Jack Bogle's own words against him when it comes to international investing"

Emerson famously wrote that a foolish consistency is the hobgoblin of small minds. Even if Bogle is being inconsistent,is he being foolish? And if he isn't being foolish, is that really an inconsistency? I do not think Emerson's oft-quoted phrase has anything to do with this sort of inconsistency. ...
by saltycaper
Thu Oct 19, 2017 3:57 pm
Forum: Investing - Theory, News & General
Topic: "Using Jack Bogle's own words against him when it comes to international investing"
Replies: 30
Views: 3852

Re: "Using Jack Bogle's own words against him when it comes to international investing"

So what if someone, a long time ago, said two plus two equals five? Does that mean that they still believe in that, or that they truly can't add? Or were they trying to make a different point entirely? It's all too easy to take things out of context. In this case, things are not being taken out of ...
by saltycaper
Fri Oct 13, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone buy long term bonds Now?
Replies: 33
Views: 3009

Re: Why would anyone buy long term bonds?

If nobody did, somebody would.
by saltycaper
Thu Sep 14, 2017 3:14 pm
Forum: Investing - Theory, News & General
Topic: Golden Ratio (also in Bogleheads logo) Fibonacci
Replies: 27
Views: 2783

Re: Golden Ratio (also in Bogleheads logo) Fibonacci

I was thinking once that maybe asset allocations should be expressed as one digit rather than percents in two digits. You could say my stocks are 3 or my stocks are 8, meaning 30% or 80%. That way going from 4 to 5 or 5 to 6 doesn't seem like a big deal and there is not this false precision of bein...
by saltycaper
Thu Sep 14, 2017 2:02 pm
Forum: Investing - Theory, News & General
Topic: "Fear of Finance?" AARP interview with Jack Bogle
Replies: 37
Views: 6151

Re: "Fear of Finance?" AARP interview with Jack Bogle

Was that possibly a typo?? Shouldn't it say " and got 67 percent of the return" I cannot read the article. I've previously seen him quote figures by comparing the compounding of return to the compounding of return - cost. (Costs compound too.) See if he's talking about investing over x years or you...
by saltycaper
Wed Sep 13, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Which Bond Fund Will Perform Best With Rising Rates?
Replies: 27
Views: 3264

Re: Which Bond Fund Will Perform Best With Rising Rates?

It is important to define the parameters of the word "environment" if planning on responsive changes to an asset allocation. Is the environment in question the same as the current environment in all other ways? If not, how will it differ? In addition to the way(s) you anticipate it will differ, how ...
by saltycaper
Wed Sep 13, 2017 12:42 pm
Forum: Investing - Theory, News & General
Topic: Golden Ratio (also in Bogleheads logo) Fibonacci
Replies: 27
Views: 2783

Re: Golden Ratio (also in Bogleheads logo) Fibonacci

I find that prime numbers are a better approach to investing as in 53/47 allocations and so on. However, I give you credit for suggesting an approach that is more sensible than the appallingly stupid 1/n approaches such as 50/50, 60/40 (which is a variation on 1/10), and so on. 1/n does seem arbitr...
by saltycaper
Wed Sep 13, 2017 12:25 pm
Forum: Investing - Theory, News & General
Topic: "Fear of Finance?" AARP interview with Jack Bogle
Replies: 37
Views: 6151

Re: Nice "mistake."

Does Mr. Bogle root for the Jets? If we could find that out, we'd really be getting somewhere. I don't know, he lives in Montclair NJ near Yogi's "fork in the road" so he might be a baseball fan. Indeed, especially if one delineates the choice as America's pastime versus the latest fad. As I'm wont...
by saltycaper
Wed Sep 13, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: "Fear of Finance?" AARP interview with Jack Bogle
Replies: 37
Views: 6151

Re: Nice "mistake."

MandyT wrote:
Wed Sep 13, 2017 10:42 am
saltycaper wrote:
Mon Sep 11, 2017 1:21 pm
So the Jets aren't the latest fad? And here I've been cheering for them all these tears? I'm so out of touch. Does Mr. Bogle root for the Jets? If we could find that out, we'd really be getting somewhere.
I'm not sure if this is a typo or not. It kind of works either way.
:)
by saltycaper
Wed Sep 13, 2017 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Which Bond Fund Will Perform Best With Rising Rates?
Replies: 27
Views: 3264

Re: Which Bond Fund Will Perform Best With Rising Rates?

I guess the fund with the lowest duration and the highest percentage of corporate bonds will outperform the others, at first. Then it will underperform. In conclusion, it does not matter.
by saltycaper
Tue Sep 12, 2017 6:47 am
Forum: Investing - Theory, News & General
Topic: ownership of "small cap value" stocks
Replies: 50
Views: 3621

Re: ownership of "small cap value" stocks

I realize that this is only the top 10 funds but from this sample it's obvious that the ownership is almost exclusively factor-based funds. That's key though. You can't look at that data and conclude that "~90% of the money invested in them is from 'factor-based' funds". It's simply not true. Not e...
by saltycaper
Mon Sep 11, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: What index funds that will benefit from resent disasters
Replies: 21
Views: 1846

Re: What index funds that will benefit from resent disasters

Kingfish wrote:
Mon Sep 11, 2017 8:53 am
Looking for suggestions on index funds that will benefit from resent disasters in Texas and Florida!
Don't you mean funds that will suffer due to recent disasters?

I think the question is okay, but the exclamation point might be in poor taste. :P
by saltycaper
Mon Sep 11, 2017 1:21 pm
Forum: Investing - Theory, News & General
Topic: "Fear of Finance?" AARP interview with Jack Bogle
Replies: 37
Views: 6151

Re: Nice "mistake."

$1 invested picking the Jets to win the Super Bowl will pay $1000 in February. That's better than Bitcoin. :greedy So the Jets aren't the latest fad? And here I've been cheering for them all these tears? I'm so out of touch. Does Mr. Bogle root for the Jets? If we could find that out, we'd really b...
by saltycaper
Mon Sep 11, 2017 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: How to purchase an ETF Fido?
Replies: 12
Views: 593

Re: How to purchase an ETF Fido?

I remember reading that I should do a certain type of order for an ETF to protect against a rare major drop while I'm purchasing. I use marketable limit orders, a limit order priced at or below above the current ask. Do a search for relevant threads. Some people just use market orders. (You shouldn...