Search found 2502 matches

by jhfenton
Tue Jan 23, 2018 6:13 am
Forum: Investing - Help with Personal Investments
Topic: VSFVX Admiral Shares
Replies: 7
Views: 464

Re: VSFVX Admiral Shares

I have no idea either. I would love Vanguard to add Admiral shares, as VSS/VFSVX is our largest position (mostly VSS). The good news is that the expense ratio on VFSVX has come down and narrowed the gap. The ER for VFSVX in the recent annual report was 25 bp. I seem to remember the gap being 40 vs 2...
by jhfenton
Mon Jan 22, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 169
Views: 20405

Re: New HSA provider Lively offers investments for $30/yr fee

Hmm. I haven't attempted an ACH to Lively, so I can't say whether the delay on an ACH pull was normal. But I haven't seen more than an overnight delay on the transfers to TD Ameritrade. I would call or email them and see what's up. In both of my transfers, it's gone like this: Day x: Lively Submits...
by jhfenton
Mon Jan 22, 2018 3:53 pm
Forum: Investing - Theory, News & General
Topic: Small Value Premium - How Do You View It?
Replies: 31
Views: 1322

Re: Small Value Premium - How Do You View It?

Neutral. It satisfies my need to tinker. Hold 27% of US in SP600 Value, with rest in Total US. Idea of putting all my ex-US into small or small value is intriguing due to potentially lower correlation but currently only hold Total Int. That's what we did on the international side. We dropped large ...
by jhfenton
Mon Jan 22, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 95
Views: 19847

Re: anguard opens special offices for $1 million clients

baw703916 wrote:
Mon Jan 22, 2018 1:32 am
I want a Vanguard coffee mug, and a Bogle bobblehead! And a real ISV index fund... :D
+3 And until we get an ISV fund, I'll take Admiral Shares for VSS/VFSVX (Vanguard FTSE All-World ex-US Small Cap).
by jhfenton
Mon Jan 22, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 169
Views: 20405

Re: New HSA provider Lively offers investments for $30/yr fee

Could you try a "push" from your bank account and see if it shortens or eliminates the effective hold time at Lively? This is one interesting suggestion. I did notice the Choice Financial ABA/Account numbers on the Lively website. If I push in the money, it might shorten the time it takes for the m...
by jhfenton
Mon Jan 22, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 169
Views: 20405

Re: New HSA provider Lively offers investments for $30/yr fee

That looks like 5 days to me. I don't think you get to count the initiating day. :beer

It's still longer than I consider reasonable.

Could you try a "push" from your bank account and see if it shortens or eliminates the effective hold time at Lively?
by jhfenton
Mon Jan 22, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: "Why Simple Beats Complex"
Replies: 13
Views: 1917

Re: "Why Simple Beats Complex"

Got it. So if you had no account constraints or tax considerations it would look something like this (allocated accordingly): U.S. Stock funds : Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX/VTI) Vanguard Small-Cap Value Index Fund Admiral (VSIAX/VBR) International funds : Vanguard D...
by jhfenton
Mon Jan 22, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: "Why Simple Beats Complex"
Replies: 13
Views: 1917

Re: "Why Simple Beats Complex"

Thank you for your detailed response. Maybe just adding Vanguard small cap value index to the three-fund portfolio would be the simplest version of your strategy. A tilt to small cap value, but only 4 index funds total. If I had no account constraints or tax considerations, I could live with four e...
by jhfenton
Sun Jan 21, 2018 5:13 pm
Forum: Personal Consumer Issues
Topic: 4k UHD TVs worth it?
Replies: 58
Views: 3862

Re: 4k UHD TVs worth it?

When the av1 codec is finalized, you'll be wasting even more bandwidth since 4k will be smaller. That depends on whether a video streamer decreases the bandwidth requirements or increases the quality of the video. Besides, the main advantage of av1 over HEVC will be that it is royalty-free. It rema...
by jhfenton
Sun Jan 21, 2018 4:55 pm
Forum: Investing - Theory, News & General
Topic: VCLT: slight performance difference in fund vs ETF?
Replies: 9
Views: 440

Re: VCLT: slight performance difference in fund vs ETF?

(3)...ETF dividends are reinvested with a market-on-open order a few days later. In my experience, you don't get good pricing on those. Hmm, I didn't know that. As far as I am aware, this is only at Vanguard Brokerage Services and not for Fidelity, TDAmeritrade, et al. I would believe that performa...
by jhfenton
Sun Jan 21, 2018 4:54 pm
Forum: Investing - Theory, News & General
Topic: VCLT: slight performance difference in fund vs ETF?
Replies: 9
Views: 440

Re: VCLT: slight performance difference in fund vs ETF?

What happens to those who paid the fee just before it gets dropped? They would look back at recent purchases and swear or look forward at future purchases and smile. :beer I doubt they'd completely drop it on Long-Term Corporate, but it might come down a bit. Long-term corporate bonds are just not ...
by jhfenton
Sun Jan 21, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: "Why Simple Beats Complex"
Replies: 13
Views: 1917

Re: "Why Simple Beats Complex"

As simple as possible, but no simpler. Do you view the Three-fund portfolio which does not slice and dice as too simple? Or maybe even just Vanguard Total Stock Market Index Fund and a short-term bond fund such as Vanguard Short-Term Treasury Index Fund. For me, yes. I've been tilting to small valu...
by jhfenton
Sun Jan 21, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Greetings from the Midwest
Replies: 7
Views: 997

Re: Greetings from the Midwest

Congratulations neighbor! You are in great shape. I would pay off the mortgage. At this point, especially with the reduced or eliminated tax deduction--I don't know if you'll be able to itemize this year, we won't--the spread between the cost of the mortgage and what you can get in a bond fund is ju...
by jhfenton
Sun Jan 21, 2018 2:10 pm
Forum: Investing - Theory, News & General
Topic: VCLT: slight performance difference in fund vs ETF?
Replies: 9
Views: 440

Re: VCLT: slight performance difference in fund vs ETF?

I also prefer mutual funds, especially for bond funds. I did a similar comparison a while back and decided to pay the 25 bp purchase fee to buy VICSX (Vanguard Intermediate Term Corporate Bond Index Admiral Shares) instead of VCIT, the ETF. Why? (1) The 25 bp is a one-time fee. (2) VCIT usually trad...
by jhfenton
Sun Jan 21, 2018 1:59 pm
Forum: Investing - Theory, News & General
Topic: "Why Simple Beats Complex"
Replies: 13
Views: 1917

Re: "Why Simple Beats Complex"

As simple as possible, but no simpler.
by jhfenton
Sun Jan 21, 2018 9:29 am
Forum: Investing - Theory, News & General
Topic: Portfolio Watch still sucks, international composition edition
Replies: 12
Views: 1268

Re: Portfolio Watch still sucks, international composition edition

https://s9.postimg.org/m3od7m2u7/Snip_Image_2.jpg Portfolio Watch does suck, but M* has issues with its international comparison too, namely that it compares your Foreign Stock holding to MSCI-EAFE, a developed-only index, and then complains when your weightings are out of whack. (Mine would be any...
by jhfenton
Sun Jan 21, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Investing in Individual Corporate Bonds
Replies: 8
Views: 547

Re: Investing in Individual Corporate Bonds

If that is your strategy, I'd suggest looking at ANGL or FALN, two "Fallen Angels" bond funds that invest in bonds that have fallen from investment grade to "junk" status. They hold higher-rated junk (mostly BB, some B) and the fallen angels strategy benefits from the fact that these bonds tend to b...
by jhfenton
Sun Jan 21, 2018 9:05 am
Forum: Investing - Theory, News & General
Topic: What's your U.S. : International ratio?
Replies: 104
Views: 25771

Re: What's your U.S. : International ratio?

Large Japanese companies in the 80's and 90's made a lot of money selling to the U.S., Europe, and the rest of the world. But that didn't mean that investors in the Japanese stock market were getting meaningful international diversification from owning those companies. Japanese investors with a home...
by jhfenton
Sat Jan 20, 2018 10:44 pm
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 76
Views: 3639

Re: Post Your Morningstar Box Style

zaboomafoozarg wrote:
Sat Jan 20, 2018 10:23 pm
walletless wrote:
Sat Jan 20, 2018 3:57 pm
zaboomafoozarg wrote:
Sat Jan 20, 2018 3:05 pm
Whoever has the most in small value box wins, right?
I though who ever had the highest sum wins !!
They all add to to 100 so I guess we're all winners! :D
Mine adds up to 101. :beer
by jhfenton
Sat Jan 20, 2018 9:48 pm
Forum: Personal Consumer Issues
Topic: WSJ Digital Subscription - a bargain!
Replies: 84
Views: 22109

Re: WSJ Digital Subscription - a bargain!

The WSJ educational subscription is $49.00 for the first year and $4.00 per month after that (for digital, $9.99 per month for print and digital). The rate is the same for students, professors, and anyone with an .edu email address. Unlike most educational discounts, they don't require verified stud...
by jhfenton
Sat Jan 20, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Shortchange your match -- true for all employers?
Replies: 18
Views: 1713

Re: Shortchange your match -- true for all employers?

My mini-megacorp (S&P 600 company) does not true up. My wife's new employer does not true up. Neither of us, in 20+ years of professional employment as an attorney and a CPA have had any employers that did a true up. The last few years, my employer has had a habit of prepaying most of our 4Q bonus d...
by jhfenton
Sat Jan 20, 2018 11:35 am
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 76
Views: 3639

Re: Post Your Morningstar Box Style

Value Blend Growth Large 7 5 3 Medium 15 9 4 Small 28 25 8 :beer Someone with a tilt more extreme than ours. My hat is off to you. It's hard to tilt that small with a 50% ex-US portfolio. Our largest position, VSS shows up as 01 01 02 20 21 25 13 11 07 all by itself, even though the median market c...
by jhfenton
Sat Jan 20, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 212
Views: 21847

Re: Case study Broker trade executions

livesoft wrote:
Sat Jan 20, 2018 9:06 am
I am thinking collusion is why my orders did not execute.
You've become a problem, and The Man is trying to hold you down. #StayStrong
by jhfenton
Sat Jan 20, 2018 8:30 am
Forum: Investing - Theory, News & General
Topic: What's your U.S. : International ratio?
Replies: 104
Views: 25771

Re: What's your U.S. : International ratio?

We're 50/50 U.S./ex-US with a heavy small-cap tilt on both sides and an extra tilt toward emerging markets.
by jhfenton
Fri Jan 19, 2018 10:02 pm
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 76
Views: 3639

Re: Post Your Morningstar Box Style

Equities (updated as of this evening):

Image
by jhfenton
Fri Jan 19, 2018 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 169
Views: 20405

Re: New HSA provider Lively offers investments for $30/yr fee

Hmm. I haven't attempted an ACH to Lively, so I can't say whether the delay on an ACH pull was normal. But I haven't seen more than an overnight delay on the transfers to TD Ameritrade. I would call or email them and see what's up. I'd emailed them. That's their standard / normal speed for ACH. I b...
by jhfenton
Fri Jan 19, 2018 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 169
Views: 20405

Re: New HSA provider Lively offers investments for $30/yr fee

I wanted to report on the long lag time to get money into Lively/TDAM using Lively's ACH transfer. This is not custodian rollover. The following is the timeline in business days: Day 1: Submitted transfer request. Day 2: Morning: Money was deducted from external bank, but it was not credited to Liv...
by jhfenton
Fri Jan 19, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: 4k UHD TVs worth it?
Replies: 58
Views: 3862

Re: 4k UHD TVs worth it?

Most of the available 4K content at this point is streaming, and 4K streaming is not really much better (if at all) from blu-ray 1080p. But 4K streaming looks better than 1080 streaming, so we feel like it's valuable. Agree 100% with the above. I hope they'll eventually start encoding alternate 4K ...
by jhfenton
Fri Jan 19, 2018 7:15 pm
Forum: Personal Consumer Issues
Topic: 4k UHD TVs worth it?
Replies: 58
Views: 3862

Re: 4k UHD TVs worth it?

Meh. One of the movies in my collection came with a DVD in addition to the Bluray when I bought it. That made it easy to compare, and we're not even talking about the difference between HD 1080 lines) and UHD 4K (2160 lines). We're talking SD (480 lines) vs HD (1080 lines). On my 50" plasma, I can ...
by jhfenton
Fri Jan 19, 2018 11:18 am
Forum: Investing - Theory, News & General
Topic: International Small-cap Value Funds ??
Replies: 55
Views: 5036

Re: International Small-cap Value Funds ??

The key is longer-term data. Over multiple years any first-day tracking issues or any first-year growing pains get averaged out. One thing that causes end-date problems for Vanguard and most international mutual funds is fair value pricing . Indexes don't use fair-value pricing. (snip) From a few m...
by jhfenton
Thu Jan 18, 2018 10:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard US Investment Options Minus Top 10?
Replies: 20
Views: 1323

Re: Vanguard US Investment Options Minus Top 10?

buy Mid Cap and Small cap funds +1 I own no large cap U.S. blend or growth funds, therefore I own none of those 10 stocks. Buy large value, mid value, small value, and international. Problem solved. (We don't even own any large-cap developed. Our international is all small and emerging markets.) On...
by jhfenton
Thu Jan 18, 2018 9:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard US Investment Options Minus Top 10?
Replies: 20
Views: 1323

Re: Vanguard US Investment Options Minus Top 10?

badbreath wrote:
Thu Jan 18, 2018 7:59 pm
buy Mid Cap and Small cap funds
+1 I own no large cap U.S. blend or growth funds, therefore I own none of those 10 stocks. Buy large value, mid value, small value, and international. Problem solved. (We don't even own any large-cap developed. Our international is all small and emerging markets.)
by jhfenton
Thu Jan 18, 2018 3:02 pm
Forum: Investing - Theory, News & General
Topic: International Small-cap Value Funds ??
Replies: 55
Views: 5036

Re: International Small-cap Value Funds ??

(The one-year numbers can jump around a bit due to end-date inconsistencies. Is there a way to deal with this? I look at NAV return vs index return, and focus on the longer term data. I guess you also look at other sources like etf.com to get slightly different date ranges. Maybe when I expect to m...
by jhfenton
Wed Jan 17, 2018 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Is a Stable Value fund just a Variable Annuity?
Replies: 25
Views: 1578

Re: Is a Stable Value fund just a Variable Annuity?

Megacorp's offering is a fairly standard stable-value fund. It consists of synthetic GICs, meaning that they hold a portfolio of bonds of various types and maturities, then purchase insurance wrappers from a pool of financial companies. These wrappers guarantee the principal and rate. It's not any ...
by jhfenton
Wed Jan 17, 2018 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: How to Analyze Sweet Spot on Insurance Deductibles - Challenging my Preconceived Notions
Replies: 25
Views: 1515

Re: How to Analyze Sweet Spot on Insurance Deductibles - Challenging my Preconceived Notions

I get that you CAN pay the deductible (so can I, at any tier) but are we making GOOD BETS? The cost savings of raising deductibles as OP shows rarely makes sense in what I have seen. +2 I understand in theory the argument that I've read on here about self-insuring as much as possible, but I've done...
by jhfenton
Wed Jan 17, 2018 8:51 am
Forum: Investing - Theory, News & General
Topic: Amount of Treasury Bonds to Double -- Does Supply/Demand Apply Here?
Replies: 4
Views: 709

Re: Amount of Treasury Bonds to Double -- Does Supply/Demand Apply Here?

The economics of government debt in the 21st century are fascinating. If you had asked me 20 years ago if a country with a debt-to-GDP ratio well over 2-to-1 could have negative nominal yields (and sub-1% nominal yields for 30-year bonds), I would have laughed. Past a certain point, Increased govern...
by jhfenton
Wed Jan 17, 2018 8:38 am
Forum: Investing - Theory, News & General
Topic: International Small-cap Value Funds ??
Replies: 55
Views: 5036

Re: International Small-cap Value Funds ??

I have my eye on ISCF (iShares EDGE MSCI Multifactor International Small Cap ETF), but at the moment it only has $29.9MM in assets. It is a bit over two years old, but it essentially attracted no assets at all until iShares cut the fee to 40 bp a year ago from 60 bp. .... I bought EMGF, ISCF's emer...
by jhfenton
Tue Jan 16, 2018 10:15 pm
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 212
Views: 21847

Re: Case study Broker trade executions

I have seen days when VSS opened with no trades, and an opening spread around $1 (which usually narrowed in a few minutes). A market-on-open on such a day would be equivalent to buying at the opening ask, or selling at the opening bid, so you would lose a large spread. 1. I'm skeptical that VSS cou...
by jhfenton
Tue Jan 16, 2018 7:13 pm
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 212
Views: 21847

Re: Case study Broker trade executions

Does it matter that jhfenton's test with VSS was for only one share? I don't want to go back and reread the thread, but I seem to remember some info that odd lot orders might receive different (and more favorable) treatment than 100+ share orders. On the flip side, I was thinking of a MOO buy order...
by jhfenton
Tue Jan 16, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 212
Views: 21847

Re: Case study Broker trade executions

Shortly after 9:30 AM I got two texts. Both orders executed at a price of $123.80, so I'm just out the SEC fee on the sale. I don't know all the in's and outs of premarket trading but 1) Your orders did get executed in the opening "cross" :idea: and 2) You sold it to yourself. :D Yep. I was trying ...
by jhfenton
Tue Jan 16, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 212
Views: 21847

Re: Case study Broker trade executions

I decided to test out a market open ETF swap this this morning with VSS. (I have VSS in multiple accounts, and I may want to move some around for rebalancing at some point.) VSS closed at $123.48 on Friday, and I guessed that it would open moderately higher (~$124) based on overseas market activity ...
by jhfenton
Tue Jan 16, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Best way to sell ETF in one account, buy it in another
Replies: 10
Views: 849

Re: Best way to sell ETF in one account, buy it in another

You can only do that if your limit prices are set right. I set my limit prices wrong in this post , but it worked out to my advantage. You can do the opening cross with market orders and have it always work. Agreed. If Vanguard's order interface were explicit that I was placing a market on open ord...
by jhfenton
Tue Jan 16, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Best way to sell ETF in one account, buy it in another
Replies: 10
Views: 849

Re: Best way to sell ETF in one account, buy it in another

Just place market orders for regular hours while the market is closed. Both orders will execute at the next opening cross for the exact same price. There will not be any spread at the opening cross, by definition. This is convenient and described in the Case study Broker trade executions thread. I ...
by jhfenton
Mon Jan 15, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: Besides Bogleheads, What Are Your Favorite Forums?
Replies: 92
Views: 9761

Re: Besides Bogleheads, What Are Your Favorite Forums?

MacRumors: help with Apple products, news on new products Let'sRun Forums: running advice/banter +2 I love letsrun.com, but it's sensibility is pretty much the exact opposite of bogleheads.org. Almost no moderation. As a San Antonio Spurs fan, I sometimes visit spurstalk.com. I used to visit a lot ...
by jhfenton
Mon Jan 15, 2018 9:31 am
Forum: Investing - Theory, News & General
Topic: Do people in the forum hold foreign bonds?
Replies: 42
Views: 2599

Re: Do people in the forum hold foreign bonds?

Developed market sovereign bonds? No. By the time you hedge them back to the dollar--which Vanguard does--you end up with something like slightly lower-yielding treasuries with a tiny bit of interest rate diversification. I will add a little bit when we get closer to retirement and have 30+% in fixe...
by jhfenton
Sun Jan 14, 2018 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 169
Views: 20405

Re: New HSA provider Lively offers investments for $30/yr fee

Also, if you are determined to use Vanguard mutual funds, you can make one initial purchase, and then set up free periodic investments on whatever schedule you want. So the mutual fund commission is only on the original purchase (and probably the eventual sale), not every year. (But I wouldn't use ...
by jhfenton
Sun Jan 14, 2018 8:19 pm
Forum: Personal Consumer Issues
Topic: Apple Mac Mini/Pro Updates? Don't Want iMac
Replies: 14
Views: 1300

Re: Apple Mac Mini/Pro Updates? Don't Want iMac

Welcome to the club of sad Mac mini enthusiasts. :beer I have a quad core 2.6 GHz i7 Mac mini (Late 2012). It still performs remarkably well for daily stuff, and it is actually nearly twice as fast than the fastest 2014 Mac mini for multicore tasks (like the h.265 video encoding that I did today). (...
by jhfenton
Sun Jan 14, 2018 7:22 pm
Forum: Investing - Theory, News & General
Topic: International Small-cap Value Funds ??
Replies: 55
Views: 5036

Re: International Small-cap Value Funds ??

At this point, I only own VSS/VFSVX for international small cap. (It is our largest equity position.) None of the international small-cap value funds that I have access to are compelling yet. I have my eye on ISCF (iShares EDGE MSCI Multifactor International Small Cap ETF), but at the moment it onl...
by jhfenton
Sun Jan 14, 2018 5:45 pm
Forum: Investing - Theory, News & General
Topic: International Small-cap Value Funds ??
Replies: 55
Views: 5036

Re: International Small-cap Value Funds ??

At this point, I only own VSS/VFSVX for international small cap. (It is our largest equity position.) None of the international small-cap value funds that I have access to are compelling yet. I have my eye on ISCF (iShares EDGE MSCI Multifactor International Small Cap ETF), but at the moment it only...
by jhfenton
Sun Jan 14, 2018 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Opening an HSA - Vanguard Admiral Shares available
Replies: 14
Views: 1161

Re: Opening an HSA - Vanguard Admiral Shares available

Lively is one of the cheapest options but they are removing all the Vanguard ETFs from the commission-free platform. The HSA Authority has a $1,000 threshold but then you can move 100% to investments. They do not have a dollar one option. They have Vanguards funds (albeit fewer options) than Health...