Search found 37 matches

by Coyote22
Fri Jun 19, 2015 3:53 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?
Replies: 98
Views: 28494

Re: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?

No, but I would likely have benefited from spending more time. Thanks to the upbringing I was given by my depression era parents I passed the number one rule of retirement planning. I saved a lot of money. And I discovered indexing early. But in retrospect my asset allocation for most of my career w...
by Coyote22
Fri Sep 05, 2014 3:41 pm
Forum: Investing - Theory, News & General
Topic: So, when does a market timer get back in?
Replies: 54
Views: 7759

Re: So, when does a market timer get back in?

The correct answer is "nobody knows". That should be a clue.
by Coyote22
Tue Aug 05, 2014 2:43 pm
Forum: Investing - Theory, News & General
Topic: AARP: The Great Pension Sell-Off
Replies: 30
Views: 4668

Re: AARP: The Great Pension Sell-Off

Trying to plan as a recent retiree is a challenge. Pensions promised and not delivered, pensions promised but not being adequately funded (especially by governments) and the lack of retirement saving by individuals is a huge deal for the country. I have assumed in my financial plan that the governme...
by Coyote22
Mon Mar 03, 2014 4:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total International Stock vs Dodge & Cox Int'l
Replies: 23
Views: 6550

Re: Vanguard Total International Stock vs Dodge & Cox Int'l

I looked at DODFX on Morningstar public site, clicked the portfolio tab and at the bottom of the page (under Market Classification) it says EM is 7.11%. So which is it? Could be an M* gremlin at work. I went to the "Portfolio" page for DODFX, scrolled to the bottom of the page and "W...
by Coyote22
Mon Mar 03, 2014 3:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total International Stock vs Dodge & Cox Int'l
Replies: 23
Views: 6550

Re: Vanguard Total International Stock vs Dodge & Cox Int'l

I looked at DODFX on Morningstar public site, clicked the portfolio tab and at the bottom of the page (under Market Classification) it says EM is 7.11%. So which is it? Just read DODFX annual report and I stand corrected. On Dec 31, 2013, it says 17.5% of their portfolio is invested in companies dom...
by Coyote22
Mon Mar 03, 2014 2:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total International Stock vs Dodge & Cox Int'l
Replies: 23
Views: 6550

Re: Vanguard Total International Stock vs Dodge & Cox Int'l

According to Morningstar, DODFX is only 7.1% EM. That would appear to explain much of its recent over performance relative to VTIAX. That said, it is one of the few actively managed funds that I own.
by Coyote22
Fri Feb 07, 2014 6:50 am
Forum: Investing - Theory, News & General
Topic: Why are we not surprised? [Warren Buffett]
Replies: 4
Views: 1657

Why are we not surprised? [Warren Buffett]

Buffett’s good-looking bet on index funds. Six years ago, Warren Buffett bet a hedge fund firm that a low-cost S&P 500 index fund would beat a set of hand-picked hedge funds over the course of a decade. At this point it would take “unusual torpor in the stock market, and a big save by the hedge ...
by Coyote22
Sun Jan 26, 2014 12:14 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Who Follows a Different Strategy?
Replies: 132
Views: 10668

Re: Age in Bonds - Who Follows a Different Strategy?

I am in my late sixties and retired. My IPS calls for age - 10 in bonds with an equity floor of 30%. William Bernstein's advice that you should keep 20 to 25 times your residual living expenses in cash, TIPS, annuities and high-quality short-term bonds if you have reached the point where that is pos...
by Coyote22
Sat Jan 25, 2014 5:13 pm
Forum: Investing - Theory, News & General
Topic: Which bond fund is best?
Replies: 83
Views: 9441

Re: Which bond fund is best?

By the way, Intermediate-Term Bond Index does have Treasuries, 44%, about the same as Total Bond, 50% What it doesn't have is mortgage-backed government bonds. So it has less in government bonds than Total Bond. I think. Doc? Can you confirm? In observing that Vanguard Intermediate-Term Bond Index,...
by Coyote22
Sun Dec 29, 2013 8:31 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads "robots with Excel Spreadsheets?"
Replies: 74
Views: 5748

Re: Are Bogleheads "robots with Excel Spreadsheets?"

Separate from any political debate about taxation, the idea of mandatory, universal individual retirement accounts for every employee along the lines of what is being done in Australia makes incredible sense. Imagine if from your first paycheck 10% was automatically put into a tax-deferred plan con...
by Coyote22
Sat Dec 28, 2013 9:43 pm
Forum: Investing - Theory, News & General
Topic: What's wrong with VTIAX? [Vanguard Total International]
Replies: 66
Views: 16403

Re: What's wrong with VTIAX?

Good comments from all and very helpful. Thank you.
by Coyote22
Sat Dec 28, 2013 3:44 pm
Forum: Investing - Theory, News & General
Topic: What's wrong with VTIAX? [Vanguard Total International]
Replies: 66
Views: 16403

Re: What's wrong with VTIAX?

BlackRock fund has no emerging markets and DODFX about 7% vs 19% for VTIAX. That is certainly a factor. Gap is huge though.
by Coyote22
Sat Dec 28, 2013 3:24 pm
Forum: Investing - Theory, News & General
Topic: What's wrong with VTIAX? [Vanguard Total International]
Replies: 66
Views: 16403

What's wrong with VTIAX? [Vanguard Total International]

Significantly trailing the Lipper YTD average and now a Morningstar two-star. I also hold a BlackRock International Index fund in my 401K and DODFX. Both of them have YTD returns over 50% higher. What's up?
by Coyote22
Thu Nov 28, 2013 12:26 pm
Forum: Investing - Theory, News & General
Topic: intermediate corporates as bond strategy?
Replies: 25
Views: 2844

Re: intermediate corporates as bond strategy?

Isn't there also a de facto call risk in VBTLX via the 22% holding of GNMA's? How is that different than the call risk in corporates?
by Coyote22
Fri Nov 22, 2013 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard National Trust Company?
Replies: 101
Views: 34127

Re: Vanguard National Trust Company?

I currently have named my former employer, a major bank, as co-trustee. They gave me a bit of a deal on the fee but it is still high. And they would almost certainly move assets to their higher cost funds. This thread has helped me refocus on whether a move to Vanguard National Trust Company is appr...
by Coyote22
Thu Oct 24, 2013 3:54 pm
Forum: Investing - Theory, News & General
Topic: Bernstein - Investing in Retirement
Replies: 21
Views: 5894

Bernstein - Investing in Retirement

William Bernstein, the author of several excellent books, was interviewed for an article in Money magazine a year ago. The article is entitled "The Worst Retirement Investment Mistake". Key points of are quoted below: "A lot of people had won the game before the crisis happened: They ...
by Coyote22
Thu Aug 08, 2013 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Your Home is Not a Good Investment
Replies: 145
Views: 17473

Re: Your Home is Not a Good Investment

To quote William Bernstein from "The Investor's Manifesto: "A house is most certainly not an investment, for one simple reason: You have to have a place to live somewhere, and you are going to have to pay for it or rent it. Always remember, investment is the deferral of present consumptio...
by Coyote22
Sun Aug 04, 2013 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Your Home is Not a Good Investment
Replies: 145
Views: 17473

Re: Your Home is Not a Good Investment

As you can probably guess after I posted the quote above from William Bernstein, to me a house is an expense, nothing more and nothing less. You have to spend money for a place to live. There is a certain amount of ego involved in whether you rent or buy and what you rent or buy. There is also an ec...
by Coyote22
Sat Aug 03, 2013 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Your Home is Not a Good Investment
Replies: 145
Views: 17473

Re: Your Home is Not a Good Investment

To quote William Bernstein from "The Investor's Manifesto: "A house is most certainly not an investment, for one simple reason: You have to have a place to live somewhere, and you are going to have to pay for it or rent it. Always remember, investment is the deferral of present consumption...
by Coyote22
Thu May 19, 2011 9:17 am
Forum: Personal Investments
Topic: Texas Teachers Retirement
Replies: 10
Views: 6061

My daughter just left a position that required participation in TRS to go to graduate school. She was told that she has the option of (1) leaving the money in TRS (2) Receving her contributions back in a lump sum or (3) rolling here balance into an IRA.
by Coyote22
Mon Dec 06, 2010 11:16 am
Forum: Personal Investments
Topic: John Bogle on International Investing
Replies: 73
Views: 23070

Look at all of the Vanguard Target funds. They allocate 20% of their equity position to the international index and I believe they have indicated that they are taking that up to 30% over the next few years.
by Coyote22
Fri Nov 19, 2010 11:23 am
Forum: Personal Investments
Topic: Municipal funds lately
Replies: 34
Views: 6187

From Bloomberg this morning: Nov. 19 (Bloomberg) -- Open-end U.S. municipal-bond funds dropped an average 3.7 percent in the past month as investors withdrew money for the first time in seven months. Funds focused on long-term debt from California issuers fell the most, dropping an average of 5 perc...
by Coyote22
Wed Nov 17, 2010 2:13 pm
Forum: Personal Investments
Topic: Municipal funds lately
Replies: 34
Views: 6187

Just a guess but part of this has to be driven by the fact that many states and municipalities are under significant financial stress. Over the last couple of years the federal government has been sending them money to help with their problems. Given the election results it is probably logical to as...
by Coyote22
Wed Feb 03, 2010 4:16 pm
Forum: Personal Investments
Topic: Sustainable Retirement Saving: "Get Real!"
Replies: 40
Views: 5841

One of the primary difficulties that I see in forecasting retirement needs today is in what to assume for social security and medicare benefits. Both of those programs are unsustainable without tax increases, benefit cuts or both. My guess is that we will get both. That has caused me to put a fairly...
by Coyote22
Sun Oct 19, 2008 8:20 pm
Forum: Investing - Theory, News & General
Topic: What is your stock allocation in terms of your age, and why?
Replies: 26
Views: 5127

100 minus my age.
by Coyote22
Sun Aug 24, 2008 8:17 am
Forum: Investing - Theory, News & General
Topic: What finance magazines do Bogleheads read?
Replies: 46
Views: 10445

The Wall Street Journal
The Financial Times
The Economist
by Coyote22
Wed Apr 02, 2008 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Buy Foreclosed Condos/Houses & rent them. Any Opinions ?
Replies: 15
Views: 4449

My limited experience as a landlord/real estate investor may not have been typical but investing in the financial markets has been a walk in the park by comparison. I bought my first house 25 years ago, and decided to keep the condo that I had been living in as a rental property. It took a surprisin...
by Coyote22
Sun Mar 30, 2008 5:56 am
Forum: Personal Finance (Not Investing)
Topic: What Book Are YOU Currently Reading?
Replies: 566
Views: 238283

Free to Chose, Milton and Rose Friedman
by Coyote22
Thu Mar 27, 2008 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Insurance - Home, Auto, Umbrella
Replies: 28
Views: 7907

I would second the favorable comments on USAA. We have had all of our policies with them for nearly forty years and have found their rates and service to be excellent. In the past, you have had to be an active or retired member of the military to qualify for membership. I believe they would now also...
by Coyote22
Mon Mar 24, 2008 6:34 pm
Forum: Investing - Theory, News & General
Topic: Article by Michael Lewis on indexing, DFA, etc.
Replies: 69
Views: 15281

Good article. Thanks for posting it.
by Coyote22
Fri Mar 21, 2008 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is $10,000,000 "rich"?
Replies: 23
Views: 5962

If you have everything you need, you are rich.
by Coyote22
Sun Mar 09, 2008 9:23 pm
Forum: Investing - Theory, News & General
Topic: Are TIPS a buy?
Replies: 7
Views: 2598

Are TIPS a buy?

The article below if from Bloomberg.com TIPS Show Fed Loses Control of Inflation as Yields Go Negative By Sandra Hernandez and Deborah Finestone March 10 (Bloomberg) -- Bond investors have never been so sure that the Federal Reserve will lose control of inflation. They're so convinced that they're g...
by Coyote22
Sun Mar 02, 2008 10:12 am
Forum: Investing - Theory, News & General
Topic: What is the next "shoe to drop"
Replies: 35
Views: 6736

Prior to retirement I worked in the risk management function of a major bank. What we worried most about were asymmetrical risks, something out of left field that was totally unanticipated. Since you never see those events coming there is no way to specifically quantify and protect against the risk....
by Coyote22
Thu Feb 28, 2008 7:22 pm
Forum: Personal Investments
Topic: Now is the best time in decades to buy munucipal bonds. Why?
Replies: 37
Views: 9301

Indexfundman I hope you are right. I have some of my short-term liquid assets parked in VMLUX and it is getting killed.
by Coyote22
Wed Feb 27, 2008 12:57 pm
Forum: Personal Investments
Topic: What’s your expected return?
Replies: 63
Views: 13881

I am in the middle of reading the "The Four Pillars of Investing" by Bernstein. It is a very sobering read relative to this subject. I find his arguments for future returns being lower than returns over the last few decades to be convincing, especially on the equity side. As a result I am ...
by Coyote22
Fri Feb 15, 2008 12:47 pm
Forum: Personal Investments
Topic: college costs
Replies: 28
Views: 6127

Our two daughters are now in college and we tracked college costs for several years prior to their enrollment. On average, they seemed to rise at about inflation plus 3%, i.e if inflation was 3% college costs went up 6%. That has also been about that rate at which the annual cost has risen since the...
by Coyote22
Sun Feb 03, 2008 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Buying a Laptop - Help!
Replies: 92
Views: 25353

Ditto the favorable comments on Dell Latitude. That is the laptop of choice for my employer and we have had minimal problems with them. I have two daughters in college, one in her fourth year and one in her second. Both have Dell Latitude models (one 610 and one 620). The only problem so far has occ...