Search found 118 matches

by mwgr5
Fri Jan 06, 2017 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: What To Do With Large Bonus
Replies: 16
Views: 2605

Re: What To Do With Large Bonus

Yes run the math on how much college will cost for 2 children... you will want to start investing a large chunk of that bonus now for that if you plan on paying for it...
by mwgr5
Sun Apr 05, 2015 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage to Save for Bigger House
Replies: 10
Views: 2102

Re: Pay Off Mortgage to Save for Bigger House

Thanks for all he replies. I ran the math on this and if you compare the two choices of saving in a tax exempt intermediate term bond fund vs. Paying off the mortgage they are about equal financially. Even though my mortgage rate is higher than the rate I would get on the bond fund, when you factor ...
by mwgr5
Sat Apr 04, 2015 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage to Save for Bigger House
Replies: 10
Views: 2102

Pay Off Mortgage to Save for Bigger House

I live in a condo but am planning on moving to a larger house in the next 3-4 years. Houses cost about three times the value of my current condo. To save for this house I was planning on just making additional principal payments on my condo mortgage and eventually paying it off. Is there any reason,...
by mwgr5
Sat Feb 09, 2013 9:04 am
Forum: Investing - Theory, News & General
Topic: investing with style
Replies: 18
Views: 3656

Re: investing with style

Larry

Have you looked at the tax efficiency of momentum funds. I'm assuming it is higher turnover and would need to not be held in a taxable account ideally.

Also, for your clients that incorporate momentum what percent of their equities allocation does it typically represent?

Thank you
by mwgr5
Sun Dec 30, 2012 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Just Deleted Our Mint Account
Replies: 73
Views: 11514

Re: Just Deleted Our Mint Account

I don't understand the security concern here. Even if you gave a stranger your mint login information they could see your accounts but not actually access any of the accounts. Isn't the only risk that someone hacks the mint database that stores all the account infor, but that has the same level of s...
by mwgr5
Fri Jul 20, 2012 8:55 am
Forum: Investing - Help with Personal Investments
Topic: 27 Year Old Disabled Veteran, Investment Rookie
Replies: 24
Views: 2654

Re: 27 Year Old Disabled Veteran, Investment Rookie

Just wanted to thank you for your service and good to hear you are doing well now.
by mwgr5
Fri May 11, 2012 7:34 am
Forum: Investing - Theory, News & General
Topic: JPMorgan Chase loses $2 Billion
Replies: 34
Views: 3099

Re: JPMorgan Chase loses $2 Billion

Although I think this was a significant mistake and an example of the downside risk of investing in a complicated derivative, I think the media is blowing this out of proportion. $2 billion is a large headline number but remember JPM has over $2.3 TRILLION in assets, and of that JPM has $380 billio...
by mwgr5
Fri May 11, 2012 6:39 am
Forum: Investing - Theory, News & General
Topic: 12yo son's investing class at school driving me nuts
Replies: 46
Views: 9504

Re: 12yo son's investing class at school driving me nuts

Great lesson here. I remember having a similar class when I was that age. I believe it was focused on the classic stock market game that basically incentives maximum risk taking since 1st place wins and everyone else loses. In retrospect though I'm really glad I had that class because it made me int...
by mwgr5
Fri May 11, 2012 6:20 am
Forum: Investing - Theory, News & General
Topic: JPMorgan Chase loses $2 Billion
Replies: 34
Views: 3099

Re: JPMorgan Chase loses $2 Billion

Although I think this was a significant mistake and an example of the downside risk of investing in a complicated derivative, I think the media is blowing this out of proportion. $2 billion is a large headline number but remember JPM has over $2.3 TRILLION in assets, and of that JPM has $380 billion...
by mwgr5
Sun May 06, 2012 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Rent or Buy? 23, Secure Job, Single
Replies: 55
Views: 3664

Re: Should I Rent or Buy? 23, Secure Job, Single

This question is discussed somewhat frequently on this forum. I would recommend doing a search and reading responses from some of the recent posts. The general consensus is that this is a riskier move than it appears on the surface. 1. There are many expenses outside the mortgage including HOA fees ...
by mwgr5
Sun May 06, 2012 5:40 pm
Forum: Investing - Theory, News & General
Topic: Are safe withdrawal studies modeled on preserving capital?
Replies: 66
Views: 5188

Re: Are safe withdrawal studies modeled on preserving capita

Another important assumption of the safe withdrawal equation is that your spending in retirement remains constant in real dollars. I would argue that this assumption is conservative as spending tends to decrease as people age and become less active. See the wiki on retirement spending below. Total s...
by mwgr5
Sun May 06, 2012 5:08 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway Annual Meeting Open Thread
Replies: 7
Views: 794

Re: Berkshire Hathaway Annual Meeting Open Thread

Here were some other interesting comments: - At the low current rates, "I would totally avoid buying" government bonds other than short-term bills, Mr. Buffett says. (I believe this has been discussed before on this forum) - Mr. Buffett's bet that an index fund tracking the S&P 500 cou...
by mwgr5
Mon Apr 30, 2012 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: contribute to a not so good 401k?
Replies: 6
Views: 623

Re: contribute to a not so good 401k?

It would have to be a lot worse than that! Wiki article link: Investing FAQ for the Bogleheads® forum Scroll about 2/3's down for the David Grabiner formula for bad 401k's. Also, (1) if you are getting any sort of match that should make up for the high ER and (2) given you will only be working ther...
by mwgr5
Mon Apr 23, 2012 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Buffer note
Replies: 10
Views: 1291

Re: Buffer note

Larry actually covered the downside of the product in this article:
http://www.cbsnews.com/8301-505123_162- ... investors/
by mwgr5
Sat Apr 07, 2012 9:45 am
Forum: Personal Consumer Issues
Topic: Which College? 3 years or 4 years?
Replies: 83
Views: 5808

Re: Which College? 3 years or 4 years?

1. Madison or Vanderbilt I know many people that graduated from Wisconsin undergrad and went to med school. Wisconsin is a very good platform academically and a very fun school with a great campus. Wisconsin has a great med school that places well for residency. I know people that went to Mayo and N...
by mwgr5
Tue Apr 03, 2012 12:04 pm
Forum: Investing - Theory, News & General
Topic: The first $500,000 is always the hardest
Replies: 260
Views: 43955

Re: The first $500,000 is always the hardest

This a great discussion and very helpful. As a younger saver in my 20s and not at the 500k mark, I'm wondering if you have any advice on how to think about saving for a house downpayment now vs. investing that money. I'm maxing out 401k and IRA, but beyond that I'm using savings to save for a downpa...
by mwgr5
Sat Mar 24, 2012 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: to cancel or not to cancel? (credit card)
Replies: 37
Views: 9218

Re: to cancel or not to cancel? (credit card)

Agree that you should keep the card and just not use it. Both the high credit limit and the length of time you have had the card open will increase your credit score. Another component of the credit score is your borrowing as a % of your total credit limit. Keeping the first credit card will help ke...
by mwgr5
Fri Mar 16, 2012 8:31 am
Forum: Investing - Theory, News & General
Topic: diversifying across risk factors
Replies: 41
Views: 2807

Re: diversifying across risk factors

Is there a practical way for individuals to invest in momentum funds that have low expense ratios? AQR looks good but has a $5 million minimum investment.
by mwgr5
Tue Nov 15, 2011 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you keep your emergency fund?
Replies: 67
Views: 9522

Re: Where do you keep your emergency fund?

Tier 1:
1/6 - Bank Account
1/6 - High Yield Savings
1/6 - Vanguard Limited Term Tax Exempt

Tier 2:
3/6 - IBonds
by mwgr5
Sat Oct 29, 2011 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets Allocation
Replies: 6
Views: 737

Re: Emerging Markets Allocation

There is no difference between the options for rebalancing purposes, if you still maintain a target for emerging markets under option 1. That is, you would check the composition of Vanguard Total International, and if the fraction of emerging markets slipped, you would add to your holdings of Vangu...
by mwgr5
Sat Oct 29, 2011 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets Allocation
Replies: 6
Views: 737

Re: Emerging Markets Allocation

natureexplorer wrote:What is your allocation to international equities overall? What is your allocation to equities overall?


100% equities. 60% US (10% US REIT) / 40% International
by mwgr5
Sat Oct 29, 2011 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets Allocation
Replies: 6
Views: 737

Emerging Markets Allocation

I was just reviewing the holdings of my Vanguard funds and think I might be far too overweight emerging markets because the total international funds already hold emerging markets. My international allocation is 50% Vanguard Total International Stock Index, 25% Vanguard FTSE All-World ex-US Small-Ca...
by mwgr5
Sun Oct 23, 2011 10:44 am
Forum: Investing - Help with Personal Investments
Topic: GNMA vs Intermediate Tax-Exempt in Taxable
Replies: 8
Views: 902

Re: GNMA vs Intermediate Tax-Exempt in Taxable

Thanks brad - that makes sense.
by mwgr5
Sat Oct 22, 2011 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: GNMA vs Intermediate Tax-Exempt in Taxable
Replies: 8
Views: 902

Re: GNMA vs Intermediate Tax-Exempt in Taxable

Thanks for the responses. I meant to say that my retirement portfolio was all equities, not this other pool of capital that will be for a down payment. Thanks for the general advice though. I will probably look into shorter duration tax exempt bonds
by mwgr5
Sat Oct 22, 2011 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: GNMA vs Intermediate Tax-Exempt in Taxable
Replies: 8
Views: 902

Re: GNMA vs Intermediate Tax-Exempt in Taxable

Thanks Taylor. I am in the 28% federal tax bracket and live in IL which has a 5% state tax (recently raised from 3% given IL's intelligent management of state budgets). I am 23 and comfortable with risk so my general portfolio is 100% equities diversified across various Vanguard funds. The only othe...
by mwgr5
Sat Oct 22, 2011 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: GNMA vs Intermediate Tax-Exempt in Taxable
Replies: 8
Views: 902

GNMA vs Intermediate Tax-Exempt in Taxable

I am trying to determine if it makes more sense to hold the Vanguard GNMA or the intermediate-tax exempt fund. This is in a taxable account. Given my tax bracket the intermediate-tax exempt fund has a tax equivalent SEC yield that is about 15 basis points higher than the GNMA (just comparing the SEC...
by mwgr5
Wed Sep 07, 2011 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund and TIPS vs. IBonds
Replies: 8
Views: 2911

Thanks for all of the responses. They cleared up my questions.
by mwgr5
Mon Sep 05, 2011 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund and TIPS vs. IBonds
Replies: 8
Views: 2911

Emergency Fund and TIPS vs. IBonds

I am revisiting the allocation of my Emergency fund (100% in taxable accounts) because I think it is inefficient. I just learned about IBonds which I think will help a great deal. My questions are directly below with more details below the questions: Questions: 1. Is there much value to having TIPS ...
by mwgr5
Fri Jan 01, 2010 11:35 pm
Forum: Investing - Theory, News & General
Topic: How much money did you make on your credit cards in 2009?
Replies: 35
Views: 4087

Credit Card Savings

I earned about $300 on in rewards from my Visa Card. I don't use that card very much though.
by mwgr5
Thu Nov 06, 2008 7:49 pm
Forum: Investing - Theory, News & General
Topic: DFA Founder Gives $300 Million to Chicago School of Business
Replies: 1
Views: 950

DFA Founder Gives $300 Million to Chicago School of Business

m The University of Chicago's business school will get a $300 million boost to its endowment -- and a new name -- from David Booth, an investor who has tried to avoid the limelight until now. Mr. Booth made his money applying concepts of "passive investing," which eschews the research-inte...
by mwgr5
Fri Oct 24, 2008 11:37 am
Forum: Investing - Theory, News & General
Topic: Tips on answering the question - What Should I Do?
Replies: 163
Views: 224140

Excellent advice. It is critical to not act emotionally during market downturns.
by mwgr5
Fri Sep 05, 2008 12:25 pm
Forum: Investing - Theory, News & General
Topic: Poll 1. How many funds are you invested in? [2008]
Replies: 28
Views: 4843

I slice and dice also with about 6 funds. I am surprised so many people have more than 12 funds.
by mwgr5
Fri Sep 05, 2008 12:22 pm
Forum: Investing - Theory, News & General
Topic: Survivorship bias in action....2.8 Billion fund closes
Replies: 8
Views: 2111

Top hedge funds have offered high returns with low correlations to general markets. These beneficial characteristics are supported by the huge flow of capital to the hedge fund space over the past 10 years. Not all hedge funds are extremely risky, many have lower standard deviations than typical mut...
by mwgr5
Fri Sep 05, 2008 12:16 pm
Forum: Investing - Theory, News & General
Topic: How much are you down?
Replies: 102
Views: 18535

My 100% equities portfolio that is overweight value and small cap stocks is down about 13% this year. (Yesterday didn't help)
by mwgr5
Sun Aug 10, 2008 8:50 am
Forum: Investing - Theory, News & General
Topic: why is the dow referred to as 'the maket'?
Replies: 19
Views: 3459

I agree it is a tradition. Many people use the S&P now as the market though.
by mwgr5
Sun Aug 10, 2008 8:48 am
Forum: Investing - Help with Personal Investments
Topic: starting a Roth IRA
Replies: 2
Views: 983

Yeah there is no problem with starting now if you will have future earned income this year.
by mwgr5
Thu Jul 17, 2008 8:14 pm
Forum: Investing - Theory, News & General
Topic: SEC to Curb Short Selling - WSJ
Replies: 35
Views: 5132

Yeah this rule is kind of complete BS. It isn't really going to do much. It only lasts 7 days. Basically before when shorting you just needed a locate from a broker who had a reasonable assumption that you could actually borrow the shares. Now, you have to have the shares actually borrowed to short ...
by mwgr5
Sat Jul 12, 2008 9:12 pm
Forum: Investing - Theory, News & General
Topic: Hedge Fund Millions Reduced to Nothing
Replies: 30
Views: 7054

While no mutual fund lost 100%, PBHG, American Heritage and the like came pretty darn close , but even those mutual funds look respectable when compared to hedge funds. The hedge fund industry (thanks to their massive profitability) has a very formidable PR machine. Touting "absolute returns i...
by mwgr5
Fri Jul 11, 2008 8:32 pm
Forum: Investing - Theory, News & General
Topic: Wisdom of the "Experts"
Replies: 6
Views: 2018

I think this is a good contrarian indicator, but it is impossible to pick a bottom . The best idea is to keep investing for the long run and re balance your portfolio.
by mwgr5
Fri Jul 11, 2008 8:30 pm
Forum: Investing - Theory, News & General
Topic: Hedge Fund Millions Reduced to Nothing
Replies: 30
Views: 7054

I share many of the feelings echoed that some hedge funds are not wise investments and the fee structure for those funds is not reasonable. The fund featured in this article was highly concentrated, essentially betting in a high risk game. The investors should have been aware of the large potential ...
by mwgr5
Fri Jul 11, 2008 8:22 pm
Forum: Investing - Theory, News & General
Topic: career advice
Replies: 43
Views: 8035

I am currently interning at a top 40 hedge fund in terms of AUM. First, I think it is important to end up at a fund with a large amount of assets as there are definite economies of scale in this business and talent and investors have been migrating to larger funds more. Second, you have very good cr...
by mwgr5
Fri Jul 11, 2008 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: Total ETF Portfolio
Replies: 18
Views: 11874

I'm interested in Piper's question too. GWX and SCZ seem more like true indexes than WisdomTree. GWX has a volume of over 100,000 shares and an average market cap portfolio of about 950 million. SCZ has an average mkt cap of about 1,500 million and volume of about 11,000. Although GWX is 19 bps more...
by mwgr5
Fri Jul 11, 2008 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Bear Market
Replies: 24
Views: 4924

Like others have said this is a good time to test your ability to stay the course . At my firm, I hear many people saying they are allocating all of their 401k contributions to cash. By staying the course and avoiding the mistake to get out of the market, investors avoid the future mistake of taking...
by mwgr5
Sun Oct 28, 2007 10:52 am
Forum: Wiki and Reference Library
Topic: Meet the Vanguard Diehards Bloggers
Replies: 10
Views: 23186

I blog at SharpeInvesting.com ( http://www.sharpeinvesting.com/ ). I try to blog about more advanced financial concepts and also more material related to investment banking and other wall street careers. Also, I have really enjoyed reading this forum and have integrated the advice into my own invest...
by mwgr5
Sun Sep 09, 2007 9:10 am
Forum: Investing - Theory, News & General
Topic: S&P 500 now head of Berkshire for Last 5 years
Replies: 12
Views: 3116

Other posters have echoed this argument, but the 5 year time frame is data mining. If you look at longer timer frames, which yield more beneficial information, BRK has performed very well. Also, it may be inappropriate to compare BRK to the S&P in terms of risk adjusted returns.
by mwgr5
Tue Aug 28, 2007 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Widescreen 24 inch monitor with old 19 inch monitor
Replies: 19
Views: 5998

I have a 20in and 17in lcd monitors side by side. It makes doing work and almost every activity on the computer better.
by mwgr5
Fri Aug 17, 2007 1:20 pm
Forum: Investing - Theory, News & General
Topic: Buffett, Grantham, Miller, Schiller on the correction
Replies: 6
Views: 2644

The wisdom of buffet and many of these other famous investors is further highlighted by the failures of hedge funds and other advanced investment strategies.
by mwgr5
Wed Aug 15, 2007 9:07 am
Forum: Investing - Help with Personal Investments
Topic: International Taxable Account Fund Choices
Replies: 3
Views: 1458

International Taxable Account Fund Choices

I am currently determining how to slice and dice the international component of my portfolio. Currently the international segment of my portfolio is all in a taxable account invested in the vanguard total international stock market index. When I slice and dice my portfolio, I will use a seperate van...
by mwgr5
Wed Aug 15, 2007 9:01 am
Forum: Investing - Theory, News & General
Topic: Are the markets making you nervous?
Replies: 63
Views: 17613

As a young investor I am hoping for a market crash. However, as a young person seeking future employment, I am nervous that the market will impact the finance job market.