Bogleheads.org

CyberBob

Here are a couple of rebalancing calculators that are pretty cool:

https://www.bee-man.us/finance/portfolio_rebalance.htm
http://optimalrebalancing.tk

CyberBob

In my cash management account I use SPRXX -- Fidelity Money Market. The current yield is 0.96%. They liquidate it at the end of each day to reconcile debits in the account. Isn't the FDIC-insured deposit sweep account your core position for the cash account? How do you get an automatic draw from SP...

CyberBob

25,089,806/22,271,698 is about 53/47 US/Ex-US for the equity portion... Yep, right in-line with the Total World Stock Index fund (VTWSX/VT), which Sharpe would seem to prefer to use for simplicity and not having to rebalance, but doesn't, as he mentions in the video, because it's still a bit more e...

CyberBob

The June 30 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): 25,089,806 - US stocks - CRSP US Total Market Index 22,271,698 - ex US stocks - FTSE ...

CyberBob

W. Bernstein advocates not having money in stocks that you need for the next 10-15 years. (can't find the exact spot where he says this, but this is my memory - might have been a straight "15 years", and I am adding the "10"). Wow - this is a long time, and very few retirees can...

CyberBob

It's not possible fore every investor to own that fund. And even if they did, the price would have been bid up so far that the future returns would be extremely low. It's silly advice. If everyone tilted towards small-value, it wouldn't even be a tilt anymore, but would simply be a new current make-...

CyberBob

https://www.abebooks.com
I just bought a mint used copy of Bill Bernstein's book The Birth of Plenty in hardcover for $4.57, and that included postage.

CyberBob

Jack Bogle has mentioned Dodge & Cox and Longleaf Partners.

CyberBob

blueman457 wrote:(although cyberbob I might take you up on your offer!)

Sorry Blue Man, but the early Bogleheads got the worms...er, routers. All three Airport Expresses have now been spoken for.

CyberBob

William Jennings, a professor of finance at the Air Force Academy, along with William Reichenstein, a professor at Baylor University have written an academic paper on how to calculate the value of a military pension.

CyberBob

blueman457 wrote:(although cyberbob I might take you up on your offer!)

I've got two left now. Somebody snapped up the third one.
Although, if you've already got one, adding two more as extenders should be more than enough, unless your house is hotel-size

CyberBob

Airport Expresses work stupendously well as extenders for another Airport/Express. I had three of them in a three-story 7,000 square foot house and there wasn't a dead-spot anywhere, even in the backyard. I actually have three spare Expresses I'm not using right now and wondering what to do with the...

CyberBob

Financial guru Bill Bernstein had an interesting answer to the Social Security now/then question: There are two possible goals with SS: 1) buy the optimal amount of longevity insurance for a given input, or 2) optimize your total amount of SS benefits. Both are valid goals, but let's assume you want...

CyberBob

Lapham's Quarterly

CyberBob

When's the June meeting?
Are the meetings still on the second Saturday of every other month? In this case, June 10th?

CyberBob

Is it a certainty that Vanguard will immediately process a seven-figure purchase order - even for a money market fund? Vanguard has a list of large transaction limits by fund. For some funds it's as low as $100k, but for money markets it is $50 mil. https://advisors.vanguard.com/VGApp/iip/site/advi...

CyberBob

E-filed on March 19. A couple weeks later I got a letter instructing me to call the IRS to verify my identity. Did that within a couple days and the guy on the phone said it could take up to another nine weeks for the refund to arrive. That happened to me last year. The good news was that they said...

CyberBob

What is the reason for discrepancy between your and SIFMA source data ? Sharpe talks in the video about the indexes that the Vanguard funds follow. Essentially, they simply aren't quite as total as the SIFMA numbers. For example, the funds don't include municipal bonds or money markets. SIFMA does,...

CyberBob

Note: For the bond indexes, I used the market-value numbers rather than the par-value numbers. Hmmm, thinking about it, I wonder if Par Value wouldn't be a better number to use. Especially since the bonds aren't going to be sold now at their market values, but rather held long-term until maturity a...

CyberBob

I looked up the indexes mentioned by Sharpe in the video. CRSP US Total Market Index Market cap: $24,541,947 million FTSE Global All-Cap minus US Market cap: $21,356,625 million Note: The FTSE Global All-Cap index (the index followed by Vanguard's Total World Stock Index fund) actually shows the glo...

CyberBob

Sharpe's "World Bond/Stock Index" that he is wishing for actually exists. It's the MSCI Global Capital Markets Index. There were even rumors about ten years ago that someone might start a fund based on the index. Still waiting. Unfortunately, MSCI took the index in-house in 2006 and so the...

CyberBob

Google Finance takes the latest quarterly dividend and multiplies it by 4. The accuracy of this method assumes that each quarterly dividend will be the same. They aren't, and so the Google number isn't too accurate. In fact, if you look at the Vanguard dividend page for VT , you'll see that last yea...

CyberBob

As a general comment from a long-time Apache user (not sure about Wordpress, it's been a few years), it's a common misconception that user authentication should always be done in .htaccess files. However, in general and according to the Apache manual, you should only use .htaccess files when you don...

CyberBob

I've always been partial to the RMD method where the withdrawal percentage is essentially 1/life expectancy. It has the disadvantage that withdrawals are a lower percentage early on (especially if you retire very early), but at the same time, taking less early on is psychologically comforting that y...

CyberBob

Just for fun, I went down that rabbit hole many years ago and stayed because I liked it. That is, I have no GUI even installed on my machine. No desktop environment like GNOME or KDE, but just a window manager. Specifically, Ratpoison, which is awesome because it is keyboard only, no mouse input ava...

CyberBob

Check out the chart in this article: https://blogs.cfainstitute.org/investor/2013/09/25/u-s-capital-market-returns-during-periods-of-war/ It kind of looks like war isn't necessarily bad news for stock returns. During World War II, large-cap stocks 16.9% and small-cap 32.8%. Those are big numbers. Ko...

CyberBob

A new Vanguard message about VTWSX came out today: As of 02/24/2017, the expense ratio on Vanguard Total World Stock Index Investor Shares has changed from 0.25% to 0.21%. Not quite as good as an announcement about Admiral shares would be, but you gotta love the downward trend. Wasn't it 0.50 when i...

CyberBob

...I am upset about it is fraud in the instance of a lost or stolen card. When the charge is run as a CREDIT, and the card has been stolen, we get the funds back due to an unauthorized transaction rather easily. However, when the vendor decides to change the transaction to run as a pinless debit (a...

CyberBob

Is there an error in labeling the very first graph in this article? Under Bogle's model portfolio, the blue color is labeled as "US Treasury Bond Funds". Bogle has never advocated treasuries only in his model portfolios as far as I know. In the article, it gives an example fund as Vanguar...

CyberBob

It's on the 'Portfolio & Management' tab on the Vanguard site:
https://personal.vanguard.com/us/funds/ ... =INT#tab=2

CyberBob

They also now have Plus, Premium, and Advisor Network levels, all of which give you some contact with a Certified Financial Planner (CFP). Maybe they are thinking that people like the human touch more than they originally thought.

CyberBob

I actually use Emacs all of the time, since my entire operating system is built around it. My window manager is Ratpoison , which is all keyboard driven Emacs keystrokes. My web browser is Conkeror , which is all keyboard driven Emacs keystrokes (although, I added Vi/m J and K up/down commands to th...

CyberBob

Just buy the two funds separately. Total Stock Index Admiral (VTSAX) 40% Total Bond Index Admiral (VBTLX) 60% The advantage of a combined balanced fund is that it does the rebalancing for you, but that's not too hard to do with two funds. When you make withdrawals, just withdraw from whichever fund ...

CyberBob

You should check out the book Unconventional Success by David Swensen (who runs the endowment fund for Yale University).
He gives some reasons why Treasury bonds should be considered a 'core' asset class, while corporate bonds are 'non-core'.

CyberBob

You don't transfer it from your bank, you give Vanguard your account info and let them pull it via ACH. Thanks for the help. Are there limits to the transfer If I do it on the Vanguard site? Please explain "pull it via ACH" ?? Thanks again. Under your account online, go to the 'Account Ma...

CyberBob

You don't transfer it from your bank, you give Vanguard your account info and let them pull it via ACH.

CyberBob

So you need to use your credit cards and put that debit card away except for special emergencies. Credit cards are insured. Debit cards are not. Let's not spread disinformation here. According to the law, the Electronic Funds Transfer Act (EFTA), Electronic Fund Transfers (Regulation E) Section 100...

CyberBob

Currently, the organization is looking for volunteers. So far, there aren't any. That is a great summation of how I was able to retire at 42: I always volunteered. The results over the years were fabulous for me. I never worried about job security, as I got to be relied upon so much that layoffs ne...

CyberBob

This is a very interesting speech for anyone interested in Graham.
Unfortunately, since Jason Zweig updated his website, the link in the original post no longer works.
Here is an updated link: A REDISCOVERED MASTERPIECE BY BENJAMIN GRAHAM.

CyberBob

The ETF is 0.14 and the fund is 0.25. The fund has always been more since there aren't any Admiral shares yet.

But looking at the numbers from the semi-annual report, it looks like the expenses are soon to drop to 0.23 for the fund and 0.11 for the ETF.

CyberBob

...most brick and mortar banks I know, e.g. Wells Fargo, Chase, and Bank America, combine banking, savings, checking and credit card on the same web portal. Does anyone know why the online banks are different? Because they aren't actually the issuing Bank. For example, the Ally card, even though it...

CyberBob

Interesting that the U.S. equities are in the S&P 500, so no small-caps.
And the international equities are in the EAFE, so no emerging markets.

CyberBob

A key point is how large is the 10% allocation to short-term treasuries, and what are his wife's future spending needs? If the 10% allocation to short-term treasuries is enough to cover, say 20 or 30 years of living expenses, she will be relatively immune to the variance in returns of the 90% alloc...

CyberBob

I noticed two problems with the article: 1. Like most articles discussing this, he goes right to the "she's got a boat-load of money, so she can take more risk" conclusion. In reality, Warren Buffett has mentioned her having a 3-4% withdrawal rate, the same numbers we talk about here. So w...

CyberBob

I also hope the VT ETF ER (currently 0.14%) will continue to drop as it continues to grow. I expect to see a drop for the annual number, because according to the April 30, 2016 semiannual report: For the six months ended April 30, 2016, the fund’s annualized expense ratios were 0.23% for Investor S...

CyberBob

I've gotten new credit cards since I retired (11 years ago) without any problems. I applied for them online and got instant approval. I assume that since it happened instantly, that they were only looking at the credit score associated with my social security number. I've always just put 'retired' i...

CyberBob

Vanguard principal Joel Dickson said there were three reasons for the move to CRSP indexes: cost, cost, and cost.
http://www.morningstar.com/cover/videoc ... ?id=569429

CyberBob

Look for T. Rowe Price in the 'establishing' section:
https://www.Bogleheads.org/wiki/Three-fund_portfolio

CyberBob

Look for T. Rowe Price in the 'establishing' section:
https://www.Bogleheads.org/wiki/Three-fund_portfolio

CyberBob

It seems to be a trending topic on the net.

http://www.buymeonce.com
http://www.buythisonce.com
http://www.buy-it-once.com
http://www.boughtitonce.com

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