Search found 729 matches

by anil686
Sun Jun 17, 2018 6:09 pm
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 153
Views: 7124

Re: Which Supermarket are you?

mish mash - kroger, target, costco, sams club and tom thumb in general...
by anil686
Tue Jun 12, 2018 8:07 am
Forum: Investing - Theory, News & General
Topic: Do Small Caps Outperform?
Replies: 61
Views: 3858

Re: Do Small Caps Outperform?

https://www.bloomberg.com/view/articles/2015-02-23/masters-in-business-cliff-asness Cliff Asness believes there is a lot of junk in small cap. I think, personally, the SP construction of the small cap space is much better due to a quasi quality metric with balance sheets and cash flow and hence some...
by anil686
Sun Jun 10, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy into this medical practice?
Replies: 24
Views: 2505

Re: Should I buy into this medical practice?

1. Independent evaluation should not be that expensive. Most can be done for about $5-10K depending on how accurate you want it (projections/detailed analysis). That is in a different area of medicine but I can't imagine the price would differ dramatically. Typically imaging centers have a good amou...
by anil686
Sun Jun 10, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Buying CPO Lexus - any advice appreciated
Replies: 22
Views: 1743

Re: Buying CPO Lexus - any advice appreciated

I would cross shop with an Avalon - practically identical car without the L on the front. Probably half the price. +1 Also, you do not need to get service done at the Lexus dealer. I asked a question on this forum a year ago about finding a good mechanic. One of the responses was the npr website fo...
by anil686
Sat Jun 02, 2018 5:39 pm
Forum: Investing - Theory, News & General
Topic: What's wrong with this critique of indexing?
Replies: 124
Views: 8654

Re: What's wrong with this critique of indexing?

I have read most of the three pages but to go to the OP original questions 1). The market is not efficient- at least not perfectly especially in small cap where there is traditionally less liquidity, less analyst coverage and possibly more mispricing. Indexing, btw, works best in inefficient markets...
by anil686
Fri Jun 01, 2018 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Tech Sector Funds?
Replies: 14
Views: 1077

Re: Fidelity Tech Sector Funds?

I understand the tilting but sector funds too mean revert. I guess if you are committed to it - it may work out well for you. Have you looked at the Nasdaq index fund through Fidelity? It only has a 0.20% ER or QQQ ETF? Both are heavily slanted to tech and biotech, have a lower ER and are relatively...
by anil686
Thu May 31, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: Affresh or Clorox?
Replies: 10
Views: 1030

Re: Affresh or Clorox?

I use Clorox too for my stinky LG front loader. Do you empty the reservoir in the front lower left? I do that once per month and use bleach in a load of exercise clothes/whites and it seems to keep the smell down. Just my experience...
by anil686
Sun May 20, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: Three-fund portfolio returns and variance drain
Replies: 106
Views: 9481

Re: Three-fund portfolio returns and variance drain

As the original poster of this topic, let me try to summarize what I've learned, so far: One should never think in terms of average arithmetic returns. One should think in terms of compound returns (CAGR) instead when looking at past returns. Future returns are unknown . The total bond market is le...
by anil686
Sat May 19, 2018 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Young Doctor Couple - Starting Work, Starting to Invest
Replies: 31
Views: 2895

Re: Young Doctor Couple - Starting Work, Starting to Invest

Try to live as frugally as possible as residents and read White Coat Investor’s book. My spouse and I are physicians - we have always tried to live on one salary and save the other. That has helped us a lot (we are about 15 years ahead of you guys). You don’t want to to invest more than you can affo...
by anil686
Sat May 19, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: Curiosity - Kaiser docs compensation
Replies: 19
Views: 2788

Re: Curiosity - Kaiser docs compensation

You likely will not find it. Most employed physicians receive a salary but their "compensation" is significantly different. Many of them may have profit sharing plans built in, bonus schedules, pension plans and access to 457 plans (sure the 457 is from their own pocket but at a substantial tax brea...
by anil686
Mon May 14, 2018 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Are bonds really needed - why not 100% stocks?
Replies: 71
Views: 5622

Re: Are bonds really needed - why not 100% stocks?

Malkiel and Ellis wrote in the “Elements of Investing” a pretty accurate analogy regarding investment risk and skiing. They wrote that every year, many people go skiing and have a great time on the slopes appropriate for their skill level. Many things in life are more enjoyable when you do them with...
by anil686
Mon May 14, 2018 6:35 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Digging Into 'Deep Value'
Replies: 42
Views: 6160

Re: Larry Swedroe: Digging Into 'Deep Value'

Going back to the OP’s post - I agree there is a difference between value factor investing and value investing. Value investing with CRSP, Russell or SP indices shows a mish mash wrt growth - companies like Johnson and Johnson appear in the top 20 (I believe) of both lists. Value factor investing sh...
by anil686
Mon May 14, 2018 3:31 pm
Forum: Investing - Theory, News & General
Topic: VYMI Vanguard International High Yield ETF Good way to get International Value tilt?
Replies: 11
Views: 1137

Re: VYMI Vanguard International High Yield ETF Good way to get International Value tilt?

It really just looks at dividend yield excluding utilities and cuts it at 50% - the highest 50% are kept and the cut off to keep in the index is a buffer to like top 55%. If you want different value characteristics like P:B or PE ratios - you may want to seek a different methodology. Maybe the Schwa...
by anil686
Thu May 10, 2018 9:29 pm
Forum: Personal Consumer Issues
Topic: Picking up New Subaru-Worth buying extended warranty?
Replies: 33
Views: 2144

Re: Picking up New Subaru-Worth buying extended warranty?

You can often find factory extended service plans (I think that is the term for warranties) much cheaper at certain dealers who do high volume sales of them. They can be purchased separately from the car - often you can find pricing information on the Edmunds.com forums under your make/model as well...
by anil686
Thu May 10, 2018 7:45 am
Forum: Investing - Theory, News & General
Topic: GINDX Index Plus Fund -- An Index Hedge Fund
Replies: 19
Views: 1548

Re: GINDX Index Plus Fund -- An Index Hedge Fund

To the OP - have you read any of his books? His last book is pretty Bogleheadish in nature but he readily admits that when he was studying finance - the pendulum had swung from beating the market at the time Charley Ellis wrote “The Losers Game” to indexing only in the early 1980s and he still felt ...
by anil686
Mon May 07, 2018 9:57 am
Forum: Investing - Theory, News & General
Topic: Which brokerage has the lowest ER on SP500 index fund?
Replies: 29
Views: 1423

Re: Which brokerage has the lowest ER on SP500 index fund?

Once the expense ratio is in a sub-0.05% range, then other factors are more important, aren't they? Would you rather have a 0.03% e.r. and 9.97% average annual performance over the next 10 years or 0.05% e.r. and a 10.0% average annual performance over the next 10 years? They are all SP 500 index f...
by anil686
Mon May 07, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: Which brokerage has the lowest ER on SP500 index fund?
Replies: 29
Views: 1423

Re: Which brokerage has the lowest ER on SP500 index fund?

You should read the annual report from both funds. I think you would find it interesting because it is not exactly the listed expense ratio that’s most important but rather how closely the index fund tracks it’s target index. The Vanguard 500 index fund averages about 0.03 % behind the SP 500 Probab...
by anil686
Sun May 06, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual funds - Large CAP Funds
Replies: 4
Views: 379

Re: Mutual funds - Large CAP Funds

Thanks lack_ey, Really appreciated for the detailed response. So to answer your question "What I am looking for" - I am looking for to invest money into mutual funds to get moderate returns; I have some savings and looking to put some money into Risk portfolio since I dont have much in there; so I ...
by anil686
Sun May 06, 2018 11:00 am
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4589

Re: AMC Movie Theaters -- typical OR not?

Sure, if you're happy with your price, that's what it buys. On Tightwad Tuesday at the local second run theater here it's like 75 cents a ticket (regularly $1.50) So I guess if I'm going to spend >10 times as much, I would expect some of the niceties you mention. In big cities, a movie ticket may b...
by anil686
Sun May 06, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 6135

Re: Comparing 2 physician jobs

Just my 2cents as a fellow physician - I have seen some of my friends who are in very specialized areas of medicine take an employed job with a hospital system in the middle of nowhere with a high income guarantee out of a job in a few years. That is because if you cannot generate anywhere close to ...
by anil686
Sun May 06, 2018 8:46 am
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4589

Re: AMC Movie Theaters -- typical OR not?

Typical now of almost all movie chains in major metros for sure. I am not sure about rural theaters yet. Many have reclining chairs as well (motorized recliners) and many in the DFW area are under $10 earlier in the day. The chains I am referring to are: Harkins, Cinemark, Alamo, AMC. Probably more....
by anil686
Sun May 06, 2018 8:41 am
Forum: Investing - Theory, News & General
Topic: Graham's Formula -- Still Applicable, Right?
Replies: 19
Views: 1562

Re: Graham's Formula -- Still Applicable, Right?

The valuations are what they are, what are you try to gauge about them? What are you comparing them to? Valuations are higher than they were in the past, there are easier ways to see that. Whether or not that they're "overvalued" is a bit subjective. You can create some formula to gauge what for yo...
by anil686
Sun May 06, 2018 8:15 am
Forum: Investing - Theory, News & General
Topic: Do stocks outperform Treasury Bills? Almost never.
Replies: 25
Views: 4914

Re: Do stocks outperform Treasury Bills? Almost never.

... Looking at Morningstar, its returns are pretty indistinguishable from the SP500 since 1970. You can go back even further than that . Bogle pointed this out in Common Sense on Mutual Funds - Chapter 13 on Taxes - he cited this fund as very tax efficient (obviously no turnover) and actually outpe...
by anil686
Sun May 06, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Allocation to combine Dave Ramsey and Vanguard?
Replies: 79
Views: 7088

Re: Allocation to combine Dave Ramsey and Vanguard?

Use to listen to Dave a lot 12 years ago when I got out of debt - best 2 years of personal finance I had - really developed a budget, stuck to it, paid off oodles of debt. When I listened at that time - he recommended American Funds - I know the growth one was American Funds Growth Fund of America. ...
by anil686
Sat May 05, 2018 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Basic knowledge-inexperienced and overwhelmed
Replies: 43
Views: 3467

Re: Basic knowledge-inexperienced and overwhelmed

I agree that Schwab has similar index funds to use as Vanguard - with no minimums per se and the same costs as the admiral shares. However, before you start, you probably want to read about investing in general - starting with the wiki and https://www.etf.com/docs/IfYouCan.pdf is a good place to sta...
by anil686
Sat May 05, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: How do brokerages make $s on cheap index funds?
Replies: 57
Views: 5159

Re: How do brokerages make $s on cheap index funds?

I agree with Livesoft on this. The fees generated for not having a highly skilled portfolio manager with those sums when you have a back office that can probably do everything else makes the fees nothing but profit for these companies. Sure, one can argue - how much profit - but it is a lot. I remem...
by anil686
Fri May 04, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target retirement funds
Replies: 28
Views: 3631

Re: Vanguard Target retirement funds

When Vanguard took over administration of my employer's 401(k) Plan, they migrated all participants into age-appropriate Target Retirement Funds. Five years on, 85% of participants have elected to stay in the VG Target Retirement Funds (me included). I have had no problems with performance (mine is...
by anil686
Thu May 03, 2018 5:21 am
Forum: Investing - Theory, News & General
Topic: Explaining using the new Vanguard Factor ETFs
Replies: 2
Views: 481

Explaining using the new Vanguard Factor ETFs

Hi, I am primarily a 3 fund investor but tilt mildly to small caps - about 20% rather than 10% of domestic equities and same in the international space. I am attracted to the value factor ETF by Vanguard because of the portfolio characteristics (P/E, Earnings growth, PB) but I don’t know how these f...
by anil686
Fri Apr 27, 2018 4:38 pm
Forum: Investing - Theory, News & General
Topic: International Stock and Currency Issues
Replies: 40
Views: 2538

Re: International Stock and Currency Issues

I'm trying to understand the potential downsides/upsides of international diversification as it relates to currency issues. I've read that currency fluctuations are a risk factor with international stocks, but haven't been able to gain a full understanding this issue. A specific question that comes...
by anil686
Thu Apr 26, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: Do Balanced Funds Capture Returns of Volatile Market?
Replies: 13
Views: 1148

Re: Do Balanced Funds Capture Returns of Volatile Market?

I see how it "should" outperform simple buy-and-hold. However, it seems to provide approximately a return proportional to the percentage of stocks in the portfolio. Stocks up 1%, 60/40 fund up .6%, stocks down 2%, 60/40 fund down 1.2%, for example. It's good at smoothing out returns, but not captur...
by anil686
Tue Apr 24, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: If you were starting from $0
Replies: 14
Views: 1398

Re: If you were starting from $0

Another for VTI - of course depends on your tax bracket. If possible, I would keep my international in tax advantaged if I could since only 2/3rds of the dividends are qualified vs virtually all in TSM. The higher the tax bracket, the more sense it makes to me to follow that. While there is the fore...
by anil686
Tue Apr 24, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Managed Beating Index?
Replies: 35
Views: 2701

Re: Managed Beating Index?

As others have said - it is sometimes hard to compare efficiently or easily. You also want to have accurate cut off points - for example - if the five year return was calculated ending 12/31/2017 - you would have to look at the index returns of that date. For example - the Vanguard LS 60/40 fund (wi...
by anil686
Sun Apr 22, 2018 12:44 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Philosophy Open To Change?
Replies: 197
Views: 9821

Re: Boglehead Philosophy Open To Change?

I think you are very astute to note the "assumption that markets will always rise." What I think does not come through is how HUGE that assumption is. To me, anyway, it dwarfs the rest of the BH philosophy. Yet, it receives little more than lip service here. When someone brings it up, it is more of...
by anil686
Sun Apr 22, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Is mid/small cap necessary
Replies: 15
Views: 2485

Re: Is mid/small cap necessary

Nope - it is not based on the long term returns of the market. If you can stick with a plan - stick with it. I agree with others that prefer the total market index - not based on performance, risk or anything like that. It just is the essential theory of indexing - as explained by Bogle in Chapter 5...
by anil686
Sun Apr 22, 2018 9:36 am
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 173
Views: 15028

Re: I’m still not a fan of international bond funds

While I am not a fan of them, I am a fan of simplicity in a balanced fund buying low and selling high (the opposite of what would make me feel good - buying winners and selling losers). I can deal with the 25% bond allocation to international to help me stay the course and not be my worst enemy with...
by anil686
Sun Apr 22, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: Boglehead Philosophy Open To Change?
Replies: 197
Views: 9821

Re: Boglehead Philosophy Open To Change?

I have never found this forum closed minded to different investing styles than the 3 fund - in fact almost diametrically opposite to that where almost every other question is about non 3 funding it or questioning the international component of the 3 fund IMO... A few things I would add to this threa...
by anil686
Thu Apr 19, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 52
Views: 5471

Re: How good are Vanguard bond funds?

Are you reading this correctly? I am just wondering - just in Bogle's books - percentile comparisons (for example TSM) outpaces 77% of large cap blend funds - I would expect it to be in the 77 percentile. I take what you are saying backwards - that many of VG's bond funds are outpacing their competi...
by anil686
Thu Apr 19, 2018 10:51 am
Forum: Personal Consumer Issues
Topic: Another discussion about private vs public schools?
Replies: 79
Views: 4675

Re: Another discussion about private vs public schools?

Also understand private schools work for you - they are directly accountable to the parents. This sounds like a good thing. In our case - I feel it was not. Our private school gave us incredibly rosy pictures of how great our kids were doing (of course at a high cost). when we moved to an area with ...
by anil686
Wed Apr 18, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: Perks of Owning Certain Individual Stocks
Replies: 28
Views: 3411

Re: Perks of Owning Certain Individual Stocks

I think Ben Stein in his latest book (where he recommends an investor pretty much only buy the SP500) talks about his first time buying an individual stock in LA in the mid 1970s. It was a real estate/fitness club stock and he said when he went to the shareholder meeting - it was only the family who...
by anil686
Wed Apr 18, 2018 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Does low-cost active management makes sense for international?
Replies: 8
Views: 645

Re: Does low-cost active management makes sense for international?

Possibly but probably only in tax advantaged - actively managed funds typically have cg (ST and LT) in addition to dividends that may be less qualified than the comparable international index fund...
by anil686
Wed Apr 18, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Bond allocation for taxable accounts
Replies: 5
Views: 713

Re: Bond allocation for taxable accounts

Can you move to Target 2020 or Target 2025 to up your bond percentage? Then keep taxable stocks (US + International)? Pick the target fund that matches your desired mix of stocks and bonds and keeps your overall/complete portfolio where you want it. This would be my suggestion too. TR funds (IMO) s...
by anil686
Tue Apr 17, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: For those that re-invest dividends automatically...
Replies: 15
Views: 2497

Re: For those that re-invest dividends automatically...

I agree with many in the thread - I don't count that as saving - I consider that part of my expected total return. It took me a while to understand that though so I get the question. The new edition of Bogle's Little Book of Common Sense Investing has a great chapter on dividends - it is pretty unre...
by anil686
Tue Apr 17, 2018 9:33 am
Forum: Investing - Theory, News & General
Topic: Tencent now largest non-US stock
Replies: 40
Views: 4970

Re: Tencent now largest non-US stock

They seem to be doing similar things to the tech companies here - getting into content and production in several Asian nations, expanding their apps and growing with increased use and advertising. Maybe it is time for VG to release global cap weighted value and growth index funds?...
by anil686
Sun Apr 15, 2018 11:43 am
Forum: Investing - Theory, News & General
Topic: Some basic questions about bond index funds
Replies: 23
Views: 2281

Re: Some basic questions about bond index funds

It's hard to see how this is different than an actively-managed fund. Doesn't this require constant action, and judgement calls, by the fund managers? Except with actively managed bond funds - they seek to outpace the index and thus may use lower quality bonds (with higher yields - more risk) or lo...
by anil686
Sat Apr 14, 2018 3:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Video Recommnding World Market Cap Weight
Replies: 4
Views: 586

Re: Vanguard Video Recommnding World Market Cap Weight

Maybe - but I think VG looks at valuations too (I know - heresy!!!!). I felt their increase in the international component was pretty much based on valuations since the white paper did not show that much more diversification benefit between 20 and 40% international in a portfolio. Of course, if inte...
by anil686
Sat Apr 14, 2018 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Reinvesting into TISM in taxable
Replies: 3
Views: 223

Re: Reinvesting into TISM in taxable

Either would be fine - you will be taxed on them either way. My choice is to re-invest but some like to rebalance with dividends - my taxable account is pretty straightforward with TSM and TISM and since I am adding - I just rebalance with new money...
by anil686
Sat Apr 14, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Which fidelity funds?
Replies: 29
Views: 1931

Re: Which fidelity funds?

If you are using automatic investments every month- mutual funds can be more useful because they can be scheduled monthly with purchases from your bank account. One piece of advice is schedule your automatic investments after the typical dividend dates so you avoid buying the dividend. Fidelity has ...
by anil686
Sat Apr 14, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: Case for Tax-Managed LifeStrategy Income, Conservative, Moderate, Growth fund of funds
Replies: 10
Views: 1182

Re: Case for Tax-Managed LifeStrategy Income, Conservative, Moderate, Growth fund of funds

The problem is not the “interest” off the bonds for accumulators (I like the idea) but rather the LT and ST cap gains from rebalancing daily. As Livesoft said above - VG could use underlying ETFs (sub VTEB for BND) but it still probably would not be tax efficient due to the LT/ST cap gain issue - JM...
by anil686
Fri Apr 13, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 10776

Re: Wanting to leave Fidelity

sport wrote:
Thu Apr 12, 2018 12:02 pm
I use a bank for banking and an investment company for investing. You may get better service by separating the two functions.
+2...
by anil686
Fri Apr 13, 2018 7:01 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401K with E-trade or Vanguard?
Replies: 13
Views: 1204

Re: Solo 401K with E-trade or Vanguard?

My spouse had a Solo 401K with VG - there was no charge for buying a LS fund (she did moderate growth) - FYI. also be careful of comparing expenses between balanced funds whose mandate is to rebalance daily (or close to daily) with a portfolio that you have to balance. Neither is better or worse tha...