Search found 3104 matches

by CyberBob
Mon Dec 03, 2018 3:46 pm
Forum: Investing - Theory, News & General
Topic: Rules of thumb for allocation/exposure
Replies: 29
Views: 2182

Re: Rules of thumb for allocation/exposure

‘Age in bonds’ seems to imply a precision in asset allocation that doesn’t actually exist.

I’ve always preferred Bogle’s more general allocation advice:

Image
by CyberBob
Mon Dec 03, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: Big endowments don't beat simple 60/40 over 10 yrs.
Replies: 25
Views: 3178

Re: Big endowments don't beat simple 60/40 over 10 yrs.

The performance of Ivy League endowments has trailed a passive portfolio of 60 percent U.S. stocks and 40 percent bonds over the past ten years — and has been more volatile to boot, according to a new report from research and analytics provider Markov Processes International. Evelyn How useful is t...
by CyberBob
Sun Dec 02, 2018 8:32 am
Forum: Investing - Theory, News & General
Topic: foreign tax credit
Replies: 12
Views: 936

Re: foreign tax credit

From IRS Publication 514: Your foreign tax credit cannot be more than your total U.S. tax liability (Form 1040, line 44) multiplied by a fraction. The numerator of the fraction is your taxable income from sources outside the United States. The denominator is your total taxable income from U.S. and f...
by CyberBob
Mon Nov 12, 2018 9:35 am
Forum: Personal Consumer Issues
Topic: How long have you had, or did you have, your HP-12C calculator?
Replies: 72
Views: 2784

Re: How long have you had, or did you have, your HP-12C calculator?

I've had an HP-11C since 1983, so 35 years.
Still works like it did day one. Built like a tank.
RPN FTW!
by CyberBob
Thu Nov 08, 2018 9:43 am
Forum: Investing - Theory, News & General
Topic: Bill Sharpe's preferred portfolio
Replies: 133
Views: 28521

Re: Bill Sharpe's preferred portfolio

October 31st FTSE numbers (in millions of USD): 27,114,191 - U.S. stocks - FTSE Global All-Cap index, U.S. breakdown 22,090,263 - ex U.S. stocks - FTSE Global All-Cap index minus U.S. 19,567,750 - U.S. bonds - FTSE US Broad Investment-Grade index 17,781,160 - ex U.S. bonds - FTSE World Broad Investm...
by CyberBob
Thu Nov 01, 2018 10:02 am
Forum: Local Chapters and Bogleheads Community
Topic: NE Ohio (Cleveland Area) Master Thread
Replies: 153
Views: 36423

Re: NE Ohio (Cleveland Area) Master Thread

Unfortunately, I also had to miss October's meeting.
When is the next December meeting? December 8th?
by CyberBob
Thu Nov 01, 2018 9:59 am
Forum: Investing - Theory, News & General
Topic: David Swensen Unconventional Success
Replies: 99
Views: 8865

Re: David Swensen Unconventional Success

...What about other asset classes that may not have been as accessible in a low cost format when the book was published such as International REITs (i.e. Swensen recommend a large allocation to REITs in general and a larger (at the time) international allocation), International Bonds, etc. As far a...
by CyberBob
Wed Oct 31, 2018 9:54 am
Forum: Personal Consumer Issues
Topic: USPS - Informed delivery - complain on missing items?
Replies: 53
Views: 3320

Re: USPS - Informed delivery - complain on missing items?

Yes, I file a missing item report if something doesn’t show up. Has anything ever come of it? I clicked the report missing mail link once but never got any follow-up. Same here, except I heard back a few months later stating they couldn't find it and were closing the case. My fault for wasting my t...
by CyberBob
Thu Sep 27, 2018 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffet Portfolio Critique
Replies: 56
Views: 4606

Re: Warren Buffet Portfolio Critique

The size of a portfolio matters. In this case, I don’t think it does. During the CNBC interviews with Becky Quick, she asked about this recommendation and Buffett explained further. He said the ‘short-term governments’ were so she could withdraw from those in years the market was down. He also talk...
by CyberBob
Fri Sep 14, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 12059

Re: Age in Bonds - Still Recommended?

I’ve always preferred Bogle’s more general allocation advice from his first book:

Image
by CyberBob
Thu Sep 13, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard is requiring cell phone security codes - problem for international travel (UPDATE)
Replies: 65
Views: 4180

Re: Vanguard is requiring cell phone security codes - problem for international travel

Dottie57 wrote:
Wed Sep 12, 2018 8:48 pm
Unbelievable as it may be to some, not everyone has a cell phone.
You don’t need a cell phone, as there is also a voice-recording option to your home landline.
by CyberBob
Wed Sep 12, 2018 9:02 am
Forum: Investing - Theory, News & General
Topic: Bill Sharpe's preferred portfolio
Replies: 133
Views: 28521

Re: Bill Sharpe's preferred portfolio

asset_chaos wrote:
Tue Sep 11, 2018 3:40 pm
CyberBob wrote:
Tue Sep 11, 2018 10:19 am
19,509,800 - U.S. bonds - FTSE US Broad Investment-Grade index
Why the par amount instead of market value? Not that they are very different now. Aug 31 factsheet says 19,619.75 for market value.
Oops, typo. Fixed it in the original post. Thanks for catching it. :thumbsup
by CyberBob
Tue Sep 11, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: Bill Sharpe's preferred portfolio
Replies: 133
Views: 28521

Re: Bill Sharpe's preferred portfolio

There has been an interesting development regarding the indexes that Sharpe has been using for this portfolio. The Citi bond indexes are now FTSE Russell indexes. This means that it is now possible to get numbers for all four portfolio components from FTSE. This would presumably give a bit more cons...
by CyberBob
Thu Sep 06, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: September 6,2018-Vanguard Introduces Low-Cost Total World Bond ETF
Replies: 48
Views: 5749

Re: September 6,2018-Vanguard Introduces Low-Cost Total World Bond ETF

Volume so far, in the first hour of existence, about $11,000.
Come on, William Sharpe, buy! :D
by CyberBob
Sun Sep 02, 2018 7:01 pm
Forum: Investing - Theory, News & General
Topic: What constitutes a haystack? (for stocks)
Replies: 32
Views: 2569

Re: What constitutes a haystack? (for stocks)

William Sharpe prefers what he calls the “World Bond Stock” portfolio, which he constructs using Vanguard’s big-four total market funds. Current composition:

31.29% US stocks
26.62% ex US stocks
21.38% US bonds
20.71% ex US bonds

viewtopic.php?f=10&t=207804
by CyberBob
Wed Aug 22, 2018 10:09 am
Forum: Investing - Theory, News & General
Topic: Launch date for Vanguard Total World Bond ETF?
Replies: 4
Views: 1154

Re: Launch date for Vanguard Total World Bond ETF?

Apparently there is another global bond fund coming out as well. Vanguard Global Credit Bond Fund, coming out in November.
https://pressroom.vanguard.com/news/Pre ... 92018.html
by CyberBob
Tue Aug 21, 2018 11:17 pm
Forum: Investing - Theory, News & General
Topic: Launch date for Vanguard Total World Bond ETF?
Replies: 4
Views: 1154

Re: Launch date for Vanguard Total World Bond ETF?

Maybe pretty soon. It has been approved for listing on the NASDAQ exchange

https://www.sec.gov/Archives/edgar/data ... t_BNDW.pdf
by CyberBob
Tue Aug 21, 2018 9:05 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 245
Views: 24066

Re: Vanguard to offer non-Vanguard ETFs commission-free

They're here!
Tuesday August 21st.
Big announcement on the homepage.
Although, the website seems to be swamped, as I've been trying for 15 minutes to get the trading page to come up.
Here is the full list of commission-free (and not commission-free) ETF's: https://personal.vanguard.com/pdf/etfcfl.pdf
by CyberBob
Sun Aug 12, 2018 7:56 pm
Forum: Investing - Theory, News & General
Topic: Press Release--Vanguard Continues To Expand Active Fixed Income Offerings With Proposed Global Credit Bond Fund
Replies: 19
Views: 2282

Re: Press Release--Vanguard Continues To Expand Active Fixed Income Offerings With Proposed Global Credit Bond Fund

spdoublebass wrote:
Thu Aug 09, 2018 9:19 pm
I thought this new fund was going to be a compliment to Total World stock fund.
That’s another fund that’s global credit and government.
viewtopic.php?t=249955
by CyberBob
Tue Aug 07, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 245
Views: 24066

Re: Vanguard to offer non-Vanguard ETFs commission-free

Anyone know when Vanguard is going to do commission free etf trades. Just re-opened my vanguard account and was disappointed to still see $7 trades. Vanguard ETF’s are commission-free now. The rest will be in ‘August’ according to their news release. https://investornews.vanguard/coming-in-august-t...
by CyberBob
Sat Aug 04, 2018 10:25 pm
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7803

Re: The stock market is shrinking.

According to a Vanguard paper, the shrinking number of companies is due to micro-caps. And a lot of their delistings are simply mergers. Basically not a big deal. From the article: Despite the drop in the number of publicly listed companies, there appear to be few, if any, implications for investors...
by CyberBob
Wed Aug 01, 2018 2:27 pm
Forum: Investing - Theory, News & General
Topic: Forbes: Using Just 2 Inexpensive Funds To Build Your Long-Term Portfolio
Replies: 1
Views: 538

Re: Forbes: Using Just 2 Inexpensive Funds To Build Your Long-Term Portfolio

The two funds are Vanguard Total World Stock (VT) and Vanguard Total Bond (BND).

Total Bond is picked because the article mentions that there aren’t any good world bond funds available. But, the new Vanguard Total World Bond ETF may be out as early as next week.
by CyberBob
Mon Jul 30, 2018 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: 1 year treasuries @ 2.4% instead of bond funds?
Replies: 32
Views: 3968

Re: 1 year treasuries @ 2.4% instead of bond funds?

It’s interesting to note that William Bengen, who started all of the 4% safe-withdrawal research said that the safe withdrawal numbers didn't change if you replaced bonds with cash (1 year T-bills).
by CyberBob
Sun Jul 22, 2018 11:56 pm
Forum: Investing - Theory, News & General
Topic: Bill Sharpe's preferred portfolio
Replies: 133
Views: 28521

Re: Bill Sharpe's preferred portfolio

The 21 number is for the All-World ex-us index, which is large and mid-cap only. Doing the subtraction from the Global index series gets you small-cap too, and so is a more complete number. I realize I was using the wrong index. But just so I understand, why do you have to subtract it from the Glob...
by CyberBob
Sun Jul 22, 2018 10:34 pm
Forum: Investing - Theory, News & General
Topic: Bill Sharpe's preferred portfolio
Replies: 133
Views: 28521

Re: Bill Sharpe's preferred portfolio

I agree with everything above except the Global all cap ex US. I found that number to be 21,532,624 In your link it shows the global number as 51,639,835 and the US as 27,505,578 51,639,835 - 27,505,578 = 24,134,257 Where did you get the 21,532,624 number? Ok. First, you do not have to subtract any...
by CyberBob
Sun Jul 22, 2018 11:03 am
Forum: Investing - Theory, News & General
Topic: Bill Sharpe's preferred portfolio
Replies: 133
Views: 28521

Re: Bill Sharpe's preferred portfolio

The June 2018 end-of-quarter numbers are out for the indexes that Sharpe mentions in the video. So to keep the portfolio allocations up-to-date for anyone who is interested, here are the numbers (in millions of USD): 27,900,058 - US stocks - CRSP US Total Market Index 23,739,777 - ex US stocks - FTS...
by CyberBob
Tue Jul 17, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Paper tax return filed at deadline - still no refund 7 weeks later
Replies: 27
Views: 2526

Re: Paper tax return filed at deadline - still no refund 7 weeks later

jacoavlu wrote:
Thu Jun 21, 2018 7:27 am
I suppose the interest is taxable. :wink:
Yep. I got a 1099 form from them two years ago for interest. It was weird putting that on my 1040 Schedule B...Name of Payer: IRS.
by CyberBob
Mon Jul 16, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Pulling past Vanguard Annual Reports
Replies: 3
Views: 230

Re: Pulling past Vanguard Annual Reports

For easier access, the wiki has a page with links to SEC filings:
https://www.bogleheads.org/wiki/Vanguard_SEC_listings
by CyberBob
Mon Jul 16, 2018 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Pulling past Vanguard Annual Reports
Replies: 3
Views: 230

Re: Pulling past Vanguard Annual Reports

The SEC has them all. Annual reports are N-CSR. Semiannual are N-CSRS.
Scroll down, as the Star fund is shown first, and then Lifestrategy, and then Total International.
https://www.sec.gov/cgi-bin/browse-edga ... cd=filings
by CyberBob
Thu Jun 21, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: "Never time the market" vs. lump sum investment
Replies: 68
Views: 5778

Re: "Never time the market" vs. lump sum investment

Although it's not a black-and-white answer, I always like William Sharpe's view on the question: The equities market is around an all-time high. Should future retirees buy in now or wait for it to get cheaper? I wish I knew whether in a year, we will look back and say that the current level of the m...
by CyberBob
Sun May 27, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: Theory: Total World Index a Sure Fire Win [VT/VTWSX]
Replies: 155
Views: 15489

Re: Theory: Total World Index a Sure Fire Win [VT/VTWSX]

There isn't a single efficient frontier for the entire world. Investors seek to optimize real, after-tax returns in their home currency. Since each country has its own inflation rate, its own tax laws, and its own currency, each country also has its own efficient frontier. Perhaps instead of adopti...
by CyberBob
Mon May 21, 2018 11:02 am
Forum: Investing - Theory, News & General
Topic: Bill Sharpe's preferred portfolio
Replies: 133
Views: 28521

Re: Bill Sharpe's preferred portfolio

With the announcement from Vanguard about their new Total World Bond ETF , Sharpe's preferred portfolio should get easier to implement. So, with the two big indexes currently having these market caps: FTSE Global All-Cap stock index: $51,878,881 million USD FTSE World Broad Investment-Grade Bond Ind...
by CyberBob
Wed May 16, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE book recommendation request.
Replies: 17
Views: 1352

Re: FIRE book recommendation request.

Work Less, Live More by Bob Clyatt
by CyberBob
Mon May 14, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Military Retirement Direct Depost hijacked?
Replies: 15
Views: 2298

Re: Military Retirement Direct Depost hijacked?

Have you checked the MyPay section of the Defense Finance and Accounting Service?
https://mypay.dfas.mil
by CyberBob
Fri May 11, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: FSRPX - Fidelity Select Retailing - dropped 90% today???
Replies: 11
Views: 4582

Re: FSRPX - Fidelity Select Retailing - dropped 90% today???

Effective after the close of business on May 11th, 2018, Fidelity will execute a 10-for-1 share split on each Class of the Fund. As a result of the split, the number of outstanding shares has been multiplied by 10, with a proportionate decrease in the Net Asset Value (NAV) per share.
by CyberBob
Sat Apr 21, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Best Way to Decline an International Job Assignment
Replies: 23
Views: 2112

Re: Best Way to Decline an International Job Assignment

Any advice on how to tactfully decline an international job assignment? Consider not declining. Think of it as your employer paying for you to travel the world. Mine did, and it was a great experience. Another benefit that I found was that since I was willing to travel, I became indispensable to th...
by CyberBob
Sat Apr 21, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: Bill Sharpe's preferred portfolio
Replies: 133
Views: 28521

Re: Bill Sharpe's preferred portfolio

The March 2018 end-of-quarter numbers are out for the indexes that Sharpe mentions in the video. So to keep the portfolio allocations up-to-date for anyone who is interested, here are the numbers (in millions of USD): 27,139,040 - US stocks - CRSP US Total Market Index 24,838,130 - ex US stocks - FT...
by CyberBob
Tue Apr 10, 2018 9:31 am
Forum: Investing - Theory, News & General
Topic: Will VTWSX expense ratio go down in the future
Replies: 12
Views: 2085

Re: Will VTWSX expense ratio go down in the future

It's been in a steady downtrend.
The prospectus in 2008 lists the expense ratio as 0.45%, with a purchase fee of 0.15%.
Today the expense ratio is 0.19%.
by CyberBob
Sat Mar 31, 2018 12:18 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein: Retirement Investing and Spending in two easy steps
Replies: 77
Views: 11009

Re: William Bernstein: Retirement Investing and Spending in two easy steps

...So at that point we are supposed to have no stock exposure at all? For the Liability Matching Portfolio only. Bernstein talks about two portfolios: a Liability Matching Portfolio and a Risk Portfolio. Liability Matching Portfolio usually being described as: Residual *basic* living expenses (afte...
by CyberBob
Tue Mar 27, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone list all the benefits of "FRA" ? [vs taking SS one month before FRA]
Replies: 12
Views: 1255

Re: Can someone list all the benefits of "FRA" ? [vs taking SS one month before FRA]

The magic ‘full retirement age’ is important because if you take Social Security benefits before FRA, and you earn income in excess of the annual earnings limit, your Social Security benefit will be reduced. Once you reach FRA, you can earn as much as you like and your Social Security benefit will n...
by CyberBob
Sun Mar 11, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Comparing Fidelity Investments to Index
Replies: 18
Views: 1583

Re: Comparing Fidelity Investments to Index

Along the top of the home page there should be a tab called "performance". This will allow you to compare your performance against any number of indexes of your choosing for a variety of time periods. If their account is being managed by a third-party advisor, this tab, unfortunately and ridiculous...
by CyberBob
Sun Mar 11, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: Target Date Funds Changed again?
Replies: 12
Views: 2445

Re: Target Date Funds Changed again?

I just noticed the Target Date Funds once again changed their asset allocation. I only checked because my daughter is now in one of these funds through her 403b. I was kind of shocked to see they changed the Target Date Fund 2030 Fund from 65/35 stocks bonds to 75/25 stocks bonds... Is her 403b rep...
by CyberBob
Fri Feb 16, 2018 12:56 am
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 182
Views: 30322

Re: Torn between Vanguard, Fidelity and Schwab

The $25 Vanguard fee per fund being talked about does exist for SIMPLE IRA’s. https://investor.vanguard.com/what-we-offer/small-business/simple-ira As for which brokerage, I find Fidelity attractive because you can consolidate brokerage, banking, and credit card all in one. Schwab also has nice bank...
by CyberBob
Sat Feb 03, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: brokerage sweep accounts
Replies: 18
Views: 1808

Re: brokerage sweep accounts

The default options at Fidelity and Vanguard aren’t designed to hose the individual. They are in response to the new rules regarding money-market funds. For example, a ‘prime’ money-market is subject to possible holds during times of distress, whereas a treasury fund is not, which is the reason for ...
by CyberBob
Thu Feb 01, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: Bill Sharpe's preferred portfolio
Replies: 133
Views: 28521

Re: Bill Sharpe's preferred portfolio

You'll notice that Bob's AA entries are rounded, but Sharpe carries the AA percentages out to two decimal points. So I think Sharpe leans toward precision and always doing the quarterly exchanges. Yeah, I'll have to stop rounding, because you're absolutely right about Sharpe's precision. In fact, i...
by CyberBob
Wed Jan 31, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: Bill Sharpe's preferred portfolio
Replies: 133
Views: 28521

Re: Bill Sharpe's preferred portfolio

The December 2017 end-of-year numbers are out for the indexes that Sharpe mentions in the video. So to keep the portfolio allocations up-to-date for anyone who is interested, here are the numbers (in millions of USD): 27,452,976 - US stocks - CRSP US Total Market Index 25,022,106 - ex US stocks - FT...
by CyberBob
Thu Jan 04, 2018 5:46 pm
Forum: Personal Consumer Issues
Topic: New Investing Book Recommendation
Replies: 2
Views: 474

Re: New Investing Book Recommendation

Read Bernstein’s If You Can (short, easy read, and free - but worth its weight in gold). It references several other books that are all great.

http://efficientfrontier.com/ef/0adhoc/2books.htm
by CyberBob
Sun Dec 24, 2017 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card fraudulent charge - How could this happen?
Replies: 13
Views: 2095

Re: Credit card fraudulent charge - How could this happen?

...Good things there are federal laws that protect you in the case of credit card fraud. You don't have the same protections with debit cards. According to the law, the Electronic Funds Transfer Act (EFTA), Electronic Fund Transfers (Regulation E) Section 1005.6 Liability of Consumer for Unauthoriz...