Search found 2936 matches

by jhfenton
Sun Jun 17, 2018 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: 100% of international developed to small/mid?
Replies: 11
Views: 1002

Re: 100% of international developed to small/mid?

I essentially eliminated all of my large cap developed (VTMGX) a couple of years ago, splitting our 50% international stake between VSS (Vanguard FTSE All-World ex-US Small Cap) (30%) and emerging markets (20%), mostly in VEMAX (Vanguard Emerging Markets Index Admiral). It wasn't so much that I expe...
by jhfenton
Sat Jun 16, 2018 7:24 am
Forum: Investing - Theory, News & General
Topic: iShares lowers expense ratios on bond ETFs
Replies: 6
Views: 454

Re: iShares lowers expense ratios on bond ETFs

Yes. The reductions were discussed on here a couple of weeks ago. They were some very nice reductions. I prefer bond mutual funds, so I don't actually own any bond ETFs. But it is nice to have competitive prices if I ever need to hold any bond funds away from Vanguard. You can thank Vanguard's VTEB ...
by jhfenton
Sat Jun 16, 2018 7:09 am
Forum: Investing - Help with Personal Investments
Topic: VEVFX
Replies: 6
Views: 600

Re: VEVFX

I am considering VEVFX to add to my portfolio. I believe value will prevail over growth in the next several months. I like the blend of small and mid caps. Any opinions. I know a fair number of tickers, but I had to look that one up. To be frank, I've never given Vanguard Explorer Value a second lo...
by jhfenton
Fri Jun 15, 2018 9:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard email about transition fund accounts to new brokerage platform
Replies: 17
Views: 1175

Re: Vanguard email about transition fund accounts to new brokerage platform

On the other hand, I make extensive use of dividend redirection, which is not mentioned in this note but which other Vanguard literature indicates is a flexible feature that disappears under the new brokerage only platform. From all the discussions, this strikes me as the one meaningful missing fea...
by jhfenton
Fri Jun 15, 2018 9:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard New Factor Funds Portfolio Statistics
Replies: 163
Views: 18872

Re: Vanguard New Factor Funds Portfolio Statistics

If the $50,000 minimum for the fund isn't a barrier, and an investor has no preference for mutual fund vs. ETF, how is one to choose between VFMFX and VFMF? I opted for VFMFX in my retirement accounts for simplicity and in order to avoid the spreads and light trading on a new ETF. But if I ever buy...
by jhfenton
Fri Jun 15, 2018 9:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard New Factor Funds Portfolio Statistics
Replies: 163
Views: 18872

Re: Vanguard New Factor Funds Portfolio Statistics

I'm finding alpha consistently with VFMF and VFMFX. So, both appear to have been a wise switch from VOO. Indeed. So far, my VFMFX has been great. It is up 6.04% from 2/16/18 through yesterday compared to 2.43% for VFIAX (Vanguard 500 Index). Not too surprisingly, given its holdings, it has tracked ...
by jhfenton
Fri Jun 15, 2018 7:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard New Factor Funds Portfolio Statistics
Replies: 163
Views: 18872

Re: Vanguard New Factor Funds Portfolio Statistics

Sounds like a lot of turnover there. I'm not sure exactly how FactSet defines it, though. Thanks for sharing the article. It's a worthwhile discussion. I'm also not sure how they calculate turnover on a new fund, and I'm a bit skeptical of the number. I did notice the realized/unrealized gains numb...
by jhfenton
Thu Jun 14, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Sell T & buy VZ to realize a $10,000 loss?
Replies: 14
Views: 962

Re: Sell T & buy VZ to realize a $10,000 loss?

You could buy IXP, which is a telecom sector ETF. ER is a little high at .48, but you can hold a bunch of telecom instead of 1 which would give you the most exposure to this sector. I would buy VOX (Vanguard Telecom ETF) at 10 bp rather than IXP. In addition to being more expensive, IXP is global r...
by jhfenton
Thu Jun 14, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: Target date funds offered to Vanguard crew
Replies: 6
Views: 852

Re: Target date funds offered to Vanguard crew

As bloom2708 said, it is quite common for large plans. They are Collective Investment Trusts (Boglehead wiki). They are basically non-public mutual funds managed for group retirement plans. They don't have to distribute dividends and capital gains. They don't have to publish a prospectus and jump th...
by jhfenton
Thu Jun 14, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Russell 2000 Opinions
Replies: 8
Views: 628

Re: Russell 2000 Opinions

I would like to be enlightened so I can make a decision to stay put or move to the DFSTX at the higher ER. My preference would be an SCV fund but it's not available within my 401K. Thanks for your thoughts! Short answer: the difference is probably so small you'd never notice the effect on your over...
by jhfenton
Wed Jun 13, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: Diversified portfolio but still too much Apple, Microsoft, etc.
Replies: 13
Views: 1409

Re: Diversified portfolio but still too much Apple, Microsoft, etc.

If the market portfolio is not diversified, then what is, and what definition are you using for the word diversified ? PJW Presumably a reasonable definition, such as the minimization of concentration in individual securities. I consider our heavily tilted portfolio to be better diversified than U....
by jhfenton
Wed Jun 13, 2018 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Any problem opening fund "Investor", then building to "Admiral"?
Replies: 25
Views: 1548

Re: Any problem opening fund "Investor", then building to "Admiral"?

Opening a fund as Investor Shares and then building to Admiral Shares is a great way to go. A conversion button will appear next to a fund on the morning after it hits the Admiral Shares threshold ($10K for most index funds and $50K for active funds). Vanguard will eventually convert a fund automati...
by jhfenton
Wed Jun 13, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 41
Views: 5783

Re: Vaguard - You'll need to sign up for security codes soon

Pancakes-Eggs-Bacon wrote:
Wed Jun 13, 2018 12:28 pm
Vanguard needs to really add TOTP software security tokens instead of just SMS.
+1 Vanguard needs to support TOTP, and they need to disallow bypassing a security key with SMS.

I already have security codes for new devices turned on for Vanguard, for what it's worth.
by jhfenton
Tue Jun 12, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard New Factor Funds Portfolio Statistics
Replies: 163
Views: 18872

Re: Vanguard New Factor Funds Portfolio Statistics

The last two weeks have seen continued steady growth in Multifactor and Value, a pickup in Momentum, and the first new shares for Min Vol. There have still been no new shares created for Quality or Liquidity. VFMF - $43.05 MM (+ $7.10 MM) (+50,000 shares) (plus $26.1 MM in VFMFX as of 4/30/18, no da...
by jhfenton
Tue Jun 12, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: Why has VGHAX expense ratio grown by 136% since 2005-6?
Replies: 6
Views: 768

Re: Why has VGHAX expense ratio grown by 136% since 2005-6?

Have you considered switching to the Vanguard Health Care Index Fund? There are Admiral Shares at $100,000 minimum (VHCIX) or ETF shares (VHT). Both cost 10 bp. I see no reason to expect active managers to add value in large, liquid health care stocks.
by jhfenton
Sun Jun 10, 2018 8:52 am
Forum: Investing - Theory, News & General
Topic: Portfolio analyzer that shows underlying stocks
Replies: 5
Views: 243

Re: Portfolio analyzer that shows underlying stocks

Is there a portfolio analysis tool anywhere that will show you the actual underlying stocks owned if you own a mutual fund? I am trying to analyze a portfolio run by a financial advisor that holds about 60 mutual funds. I'm trying to show that the funds are probably redundant and/or overlapping but...
by jhfenton
Sun Jun 10, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: Portfolio analyzer that shows underlying stocks
Replies: 5
Views: 243

Re: Portfolio analyzer that shows underlying stocks

Is there a portfolio analysis tool anywhere that will show you the actual underlying stocks owned if you own a mutual fund? I am trying to analyze a portfolio run by a financial advisor that holds about 60 mutual funds. I'm trying to show that the funds are probably redundant and/or overlapping but...
by jhfenton
Fri Jun 08, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: Factors From Scratch
Replies: 11
Views: 877

Re: Factors From Scratch

I heard about this article this morning on the Animal Spirits podcast, and I have downloaded it for reading this evening. I'm sorry I overlooked this post last week. :beer
by jhfenton
Thu Jun 07, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Suggested HSA Provider
Replies: 9
Views: 564

Re: Suggested HSA Provider

I don't believe Fidelity offers HSAs to individuals. I am pretty sure this is correct. If you do happen to have your 401K with Fidelity, it is most likely available. It is really good. It depends on your employer. My mini-megacorp (S&P 600) employer offers its 401(k) through Fidelity, but uses Fift...
by jhfenton
Thu Jun 07, 2018 8:20 am
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7445

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

The only thing that would really irritate me is that instead of transferring the S&P 500 index funds into TSM, they instead moved them into target date funds. That changes asset allocation and raises fees, neither of which I would be very happy about. :oops: I was sceptical about that statement in ...
by jhfenton
Wed Jun 06, 2018 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Suggested HSA Provider
Replies: 9
Views: 564

Re: Suggested HSA Provider

I don't believe Fidelity offers HSAs to individuals. I use Lively and a linked brokerage account at TD Ameritrade. Lively charges $2.50/month from a linked checking account (i.e., not from your HSA money) with no other fees or cash minimums. TD Ameritrade has a long-list (nearly 300) of commission-f...
by jhfenton
Wed Jun 06, 2018 9:31 am
Forum: Investing - Theory, News & General
Topic: WSJ:Social Security Expected to Dip Into Its Reserves This Year
Replies: 61
Views: 3009

Re: Social Security crossover point has arrived

smitcat wrote:
Wed Jun 06, 2018 8:40 am
Separately but related - the average US lifespan has been going down recently.
But I don't believe that life expectancy at retirement age is going down. The life expectancy drop is coming from premature deaths among young and middle-aged adults.
by jhfenton
Tue Jun 05, 2018 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard platform
Replies: 23
Views: 2174

Re: Vanguard platform

Maybe I've been blissfully ignorant. What does this mean for my surviving spouse with whom I hold my VG taxable brokerage account jointly? When I die can she still access the account? Absent TOD what hoops does she have to jump through to become the sole owner of the account? What do I need to do n...
by jhfenton
Tue Jun 05, 2018 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard platform
Replies: 23
Views: 2174

Re: Vanguard platform

So advice to Vanguard: Delay the old platform 1099s until after the brokerage 1099s are sent out and received. And allow Transfer on Death for jointt accounts on the new platform. +1 To me, this is the most inexplicable shortcoming of the new brokerage platform. At some point, when the kids are gro...
by jhfenton
Tue Jun 05, 2018 9:25 am
Forum: Investing - Theory, News & General
Topic: Thinking of a divorce - from Vanguard
Replies: 41
Views: 5397

Re: Thinking of a divorce - from Vanguard

3) Today, found out that I can't even set up an automatic "sweep" from the money in my MM fund (direct deposited from my paycheck, monthly) into a pre-selected fund. I can't say, on the 3rd of each month, move 100% of the money market fund into Total Stock Index, for example. You absolutely can do ...
by jhfenton
Mon Jun 04, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: 19 years maturity, and only a FOUR year duration?
Replies: 4
Views: 510

Re: 19 years maturity, and only a FOUR year duration?

If average coupon payments were super-high, I can see how this can MAYBE happen - but they aren't. Impending call provisions could be another reason, but these are munis, so I do not think that's it. What could it be then? Looking at the holdings, it is probably largely call provisions. Almost all ...
by jhfenton
Mon Jun 04, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: Do you think I need FIOS Quantum Gateway router with 940Mbps speed?
Replies: 29
Views: 1706

Re: Do you think I need FIOS Quantum Gateway router with 940Mbps speed?

Need to separate intra-house wifi access/strength from internet speed. My internet speed peaks at 8mbs on a good day. I can stream ROKU but I think multiple high speed activities would saturate us. +1 These are completely separate issues. 50Mbps Down/50Mbps Up speed should be fine for most people. ...
by jhfenton
Mon Jun 04, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: surprisingly higher tax cost ratio of Vanguard Admiral shares vs Vanguard ETFs for stocks
Replies: 5
Views: 583

Re: surprisingly higher tax cost ratio of Vanguard Admiral shares vs Vanguard ETFs for stocks

Thank you for this excellent reminder that Morningstar tax cost ratio information is often inaccurate and the safe strategy is to treat it as complete garbage for analysis purposes. Many similar threads can be found using these keywords and the site search. Do you know of any other source that can ...
by jhfenton
Thu May 31, 2018 7:45 am
Forum: Investing - Theory, News & General
Topic: Vanguard from a consumer standpoint. Question [as a personal investor]
Replies: 16
Views: 1473

Re: Vanguard from a consumer standpoint. Question

I only "pull" funds into Vanguard, and those are available immediately for purchases and settlement of purchases. They can't be transferred back out for a few days, but that has always been the case. They need to make sure that the inbound ACH settles before they allow it to be transferred out. Dire...
by jhfenton
Thu May 31, 2018 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Pimco total return (PTTRX) ??
Replies: 19
Views: 1564

Re: Thoughts on Pimco total return (PTTRX) ??

Beyond rationalization... We invest in index funds because they have shown superior historically. Wouldn't be the same reason to buy PTTRX. The statistical time of proof should be lower since bonds have a shorter life than stocks. I disagree that we buy index funds because they have outperformed hi...
by jhfenton
Wed May 30, 2018 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: VINEX vs VFSVX
Replies: 15
Views: 926

Re: VINEX vs VFSVX

If I could only hold one Vanguard international stock fund, the ETF version of VFSVX, VSS, would be it (Vanguard FTSE All Wd Ex US Small Cap ETF). +1 VSS/VFSVX is our largest holding by a good margin. VSS only costs 13 bp. 1) Vanguard International Value Fund Investor Shares (VTRIX) ER 0.38%, 14% i...
by jhfenton
Wed May 30, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 11478

Re: To be or not to be complex, that is the question

A complex portfolio can also be simple like a global multifactor etf combined with a intermediate term Treasury etf but I guess that's not the point Rick is trying to make... If I had total control over all my accounts, I would move in that direction. I half-joked in one thread about having a two-f...
by jhfenton
Wed May 30, 2018 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Pimco total return (PTTRX) ??
Replies: 19
Views: 1564

Re: Thoughts on Pimco total return (PTTRX) ??

It is an over-rated, over-priced, increasingly-expensive fund living off past glory with an opaque portfolio filled with derivatives and shorts that result in an incomprehensible risk profile.

It is literally the only U.S. bond fund in my 401(k), but I avoid it.
by jhfenton
Wed May 30, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: ETF performing worse than its equivalent MF
Replies: 17
Views: 1333

Re: ETF performing worse than its equivalent MF

The difference is nearly 1%. Isn't this a huge deal? I thought that there was supposed to be no difference between owning one or the other. Is this incorrect? Don't they have to equalize at some point? How does it work? In the long run, they will equalize. On a day-to-day basis, premiums and discou...
by jhfenton
Wed May 30, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Router hack, have you acted?
Replies: 101
Views: 8642

Re: Router hack, have you acted?

All my routers have custom admin names, max-length passwords, and reboot for maintenance on a regular schedule. I've had WPS turned off on all of my routers since the day I brought my first router home with it. (It was never secure.) I'm not Unfortunately TP-Link has abandoned V1 of the Archer C7. T...
by jhfenton
Sun May 27, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: HSA limit validations
Replies: 4
Views: 468

Re: HSA limit validations

The way I read your facts, your wife currently has family HDHP coverage, but that starting July 1 and for the rest of the year you will have family HDHP coverage (self + kids), and your wife will have self HDHP coverage. Under those facts, you each effectively have family HDHP coverage the entire ye...
by jhfenton
Sun May 27, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: Vanguard New Factor Funds Portfolio Statistics
Replies: 163
Views: 18872

Re: Vanguard New Factor Funds Portfolio Statistics

According to ETF.com, the funds now have the following AUM and daily volume: VFMF - $35.95 MM ($1.03 MM daily) (plus $26.1 MM in VFMFX as of 4/30/18) VFVA - $23,62 MM ($538.62K daily) VFMO - $12.19 MM ($232.61K daily) VFMV - $8.03 MM ($287.19K daily) VFLQ - $8.05 MM ($89.01K daily) VFQY - $8.04 MM (...
by jhfenton
Sun May 27, 2018 9:24 am
Forum: Personal Consumer Issues
Topic: Near commercial level treadmill
Replies: 36
Views: 2733

Re: Near commercial level treadmill

Precor is the best brand out there. Not as fancy as some of the other brands, but that is because they put their money into better belts/ frame and motor. This isn't true in my experience. The Precor consumer level models have lesser motors and decks than some of the other premium brands, and their...
by jhfenton
Sat May 26, 2018 4:36 pm
Forum: Personal Consumer Issues
Topic: Near commercial level treadmill
Replies: 36
Views: 2733

Re: Near commercial level treadmill

I am looking for a treadmill that will receive heavy use 40-50 miles a week for an in-home gym. I have been considering the Life Fitness T3 treadmill. Budget is around $3,000. The size and fold-ability of the treadmill are not important. Any recommendations? I have a Landice L7 that I've had for ne...
by jhfenton
Fri May 25, 2018 10:44 am
Forum: Investing - Theory, News & General
Topic: Low net asset ETF — Issues?
Replies: 23
Views: 1251

Re: Low net asset ETF — Issues?

Thank you for the thoughts on how to use ETFs effectively. How do we track the AUM over time to see if increasing or decreasing for an ETF? I can see the current AUM on morningstar/etf.com/site for the etf. But have not found a graph showing the change over time. ETF.com has a fund flows tool . You...
by jhfenton
Fri May 25, 2018 10:42 am
Forum: Investing - Theory, News & General
Topic: Low net asset ETF — Issues?
Replies: 23
Views: 1251

Re: Low net asset ETF — Issues?

I mean....don't take the above as license to start investing in just anything. But I think the risk of ETFs being shuttered is different & lower than the risk of a traditional actively managed mutual funds being shuttered. I agree with your basic point. We probably do exaggerate closure risk. On th...
by jhfenton
Thu May 24, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: Low net asset ETF — Issues?
Replies: 23
Views: 1251

Re: Low net asset ETF — Issues?

The goal of the question was not to get portfolio advice, but to understand the issues with low value ETFs. I think we've mostly covered the risk of closure. But in addition, you may have issue with low liquidity and high trading costs, both bid/ask spreads and substantial premiums or discounts to ...
by jhfenton
Thu May 24, 2018 10:06 am
Forum: Investing - Theory, News & General
Topic: Low net asset ETF — Issues?
Replies: 23
Views: 1251

Re: Low net asset ETF — Issues?

I generally wouldn't touch a non-Vanguard ETF at less than $100 MM in assets--preferably a few hundred million--and with steady asset growth. That's usually sufficient to ensure a fund's survival. In a taxable account, I would have even higher standards. I've bought two ETFs at lower assets: 1. I bo...
by jhfenton
Wed May 23, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 90
Views: 15085

Re: Why is Vanguard switching all accounts to brokerage accounts?

The last time I tried using mobile check deposit using the VG app, I got an message saying it wasn’t yet available for brokerage accounts. Has anyone been able to use it recently? Thanks Don I just tried it in the iPhone mobile app, and I still get the error "Alert: Go to vanguard.com or contact us...
by jhfenton
Mon May 21, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Savings Account emptied out!
Replies: 77
Views: 12289

Re: Chase Savings Account emptied out!

This is a good reminder for everyone to sign up for e-mail/text alerts (bank, brokerage and credit card) so you get a notification whenever there is account activity. +1 I have the threshold set at $100 for checking and $0.01 for savings for all transactions. I get a text notice for every transacti...
by jhfenton
Thu May 17, 2018 7:29 pm
Forum: Investing - Theory, News & General
Topic: more rotten service from Vanguard [ACH transfer, fund availability]
Replies: 26
Views: 3305

Re: more rotten service from Vanguard [ACH transfer, fund availability]

+1 to all the comments. In my experience, Vanguard has the most flexible and liberal policies possible on available funds. They allow you to make mutual fund purchases directly funded from a linked checking account, or you can pull in the money via ACH and immediately use it for purchases. They also...
by jhfenton
Thu May 17, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Pull money out of HSA for non-approved items?
Replies: 6
Views: 506

Re: Pull money out of HSA for non-approved items?

sunny_socal wrote:
Thu May 17, 2018 1:12 pm
MP123 wrote:
Thu May 17, 2018 12:59 pm
There's a 20% penalty plus the withdrawal is taxed as regular income. You would almost certainly be better off getting the money elsewhere.

The penalty is waived if you're over 65.
I thought it was only 10%
The penalty on HSA early withdrawals is 20%.
by jhfenton
Wed May 16, 2018 12:43 pm
Forum: Investing - Theory, News & General
Topic: Morningstar - Changes at Vanguard, but Our Confidence Remains
Replies: 4
Views: 1084

Re: Morningstar - Changes at Vanguard, but Our Confidence Remains

The thing that bothers me most was "The search is still on. Vanguard is looking to hire a portfolio manager to lead their corporate bond desk." That tells me that Vanguard doesn't have any depth in the fund's manager team unlike Pimco's PTTRX where other managers already on the team stepped up to t...
by jhfenton
Wed May 16, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Model ETF portfolios
Replies: 9
Views: 713

Re: Model ETF portfolios

Dear fellow bogleheads I see that there are articles in Kiplinger, SeekingAlpha that propose a model ETF portfolio for 2016, 2017 etc., My question is if I base on one of those reputed outlets and construct a ETF based portfolio in 2018 and then in 2019 they propose a different model, what should i...
by jhfenton
Wed May 16, 2018 8:32 am
Forum: Investing - Help with Personal Investments
Topic: TDAmeritrade - Free Trades - ?How To?
Replies: 12
Views: 716

Re: TDAmeritrade - Free Trades - ?How To?

Go sit across the desk of the person in the local TDAmeritrade office that you are supposed to deal with. Discuss your mutual future in a friendly way. Free trades flow accordingly. Most of the free trades they gave me expired unused. You might even read "How to Win Friends and Influence People" by...