Search found 1585 matches

by jhfenton
Tue Jul 28, 2015 7:43 am
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting VDE for VGENX
Replies: 1
Views: 374

Re: Tax loss harvesting VDE for VGENX

The process you describe should work fine. VDE is an index fund. VGENX is an actively-managed fund. I believe that it would be safe to conclude that they are not "substantially identical," despite both being Vanguard energy funds.
by jhfenton
Mon Jul 27, 2015 8:45 pm
Forum: Personal Consumer Issues
Topic: Apple Music
Replies: 9
Views: 1091

Re: Apple Music

4. But when I discovered that iPods don't support Apple Music, I reverted to my skeptic mode and deleted the albums. You cannot sync Apple Music files to any iPod. You can download Apple Music tracks to an iPod Touch over wifi, just as you can with an iPhone, but you can't sync Apple Music files to...
by jhfenton
Mon Jul 27, 2015 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: How long until a $10,000 loss matters?
Replies: 39
Views: 3874

Re: How long until a $10,000 loss matters?

I'm well north of $20,000 down, but I haven't done the exact math. I don't consider market fluctuations to be losses. I still have the same number of shares (or more) of all my funds as I did a month ago. Now if I owned individual stocks, with the idiosyncratic risks inherent in individual stocks, I...
by jhfenton
Mon Jul 27, 2015 9:57 am
Forum: Personal Consumer Issues
Topic: Apple Music
Replies: 9
Views: 1091

Re: Apple Music

Some quick thoughts: 1. There were a few initial bugs related to non-DRM'd iTunes Match tracks being turned into DRM'd Apple Music tracks, but those were fixed with a quick 12.2.1 release of iTunes on Windows and Mac. 2. The curated playlists based on themes and bands were cool. I discovered Airborn...
by jhfenton
Sun Jul 26, 2015 7:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Developed & Emerging Markets Indexes — Transition Details
Replies: 50
Views: 4853

Re: Vanguard Developed & Emerging Markets Indexes — Transition Details

So far, I like both changes. I like all cap funds, and I like that VEA will include Canada. And I don't mind what is, at the moment, a net 3.9% increase in China. I would prefer for it to stop there, but I don't have any desire to "dilute" VWO's China exposure at this level. It will leave ...
by jhfenton
Sat Jul 25, 2015 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Regarding expense ratios
Replies: 4
Views: 505

Re: Regarding expense ratios

It wouldn't make a difference unless pooling the money makes a difference as to whether or not you can buy cheaper Admiral shares. I will say, however, that I manage my wife's and my accounts, and I pool our 7 (8 again once my wife finds another job) accounts for purposes of determining asset alloca...
by jhfenton
Fri Jul 24, 2015 12:41 pm
Forum: Investing - Theory, News & General
Topic: Apple individual stock, what am I missing here?
Replies: 55
Views: 5226

Re: Apple individual stock, what am I missing here?

I seem to recall seeing that a very large portion of their profit comes from iPhones. That is a lot of concentrated risk. To me, this is the answer. I agree that Apple looks unbelievably cheap by any normal measure. Ridiculous past growth with apparently clear sailing for the near term, consistentl...
by jhfenton
Fri Jul 24, 2015 12:30 pm
Forum: Investing - Theory, News & General
Topic: Why I Said "No" to Peer-to-Peer Lending
Replies: 66
Views: 7975

Re: Why I Said "No" to Peer-to-Peer Lending

I live in Ohio, so P2P lending is not an option. (Ohioans can P2P borrow, but not lend.)

But I did note with interest yesterday that the estimate from the oral surgeon for my daughter listed Lending Club as one of the accepted payment methods, along with the usual credit cards.
by jhfenton
Fri Jul 24, 2015 12:25 pm
Forum: Personal Consumer Issues
Topic: Asking for separate checks?
Replies: 88
Views: 8877

Re: Asking for separate checks?

Separate checks. Unless it's an occasion where one person or couple is specifically being feted, it would never occur to me to do anything else.
by jhfenton
Thu Jul 23, 2015 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Huge Mistake, Bought PBYI, Now What?
Replies: 26
Views: 3962

Re: Huge Mistake, Bought PBYI, Now What?

If you had the cash in hand today, would you buy this stock at it's current price? If so, hold. If not then you should sell and get the cash back. This would be my advice as well. Divorce the decision from the emotion of "locking in the loss" and make an independent decision on ownership ...
by jhfenton
Thu Jul 23, 2015 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Emerging / Frontier Markets: Allocation & ETF Recomendations
Replies: 10
Views: 1291

Re: Emerging / Frontier Markets: Allocation & ETF Recomendations

(1) I've looked recently for an EM/FM alternative to VWO. I want to dilute my VWO as it becomes too (for my tastes) heavily China-weighted over the next year. I haven't been satisfied. What about SCHE? It tracks the same FTSE index that VWO did at a .14% ER (0.01% lower ER, volume is lower, spreads...
by jhfenton
Wed Jul 22, 2015 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Huge Mistake, Bought PBYI, Now What?
Replies: 26
Views: 3962

Re: Huge Mistake, Bought PBYI, Now What?

If you had the cash in hand today, would you buy this stock at it's current price? If so, hold. If not then you should sell and get the cash back. This would be my advice as well. Divorce the decision from the emotion of "locking in the loss" and make an independent decision on ownership ...
by jhfenton
Wed Jul 22, 2015 1:20 pm
Forum: Investing - Theory, News & General
Topic: Does how often you check your portfolio correlate with returns
Replies: 35
Views: 3273

Re: Does how often you check your portfolio correlate with returns

I watch my portfolio almost daily, and I manually make and invest my monthly Roth IRA (x2) and taxable account contributions. I used to have things more automated with mutual fund investments, but with a shift toward lower-cost commission-free (mostly Vanguard) index ETFs, I have to manually make th...
by jhfenton
Wed Jul 22, 2015 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: asset allocation: based on pure or real investment?
Replies: 9
Views: 884

Re: asset allocation: based on pure or real investment?

I think I have learned that precision is not really going to help. I think that just having a ballpark AA is just as good as having a precise AA. :beer I think that this is the key point and is well-stated. Because the uncertainties around any AA are so high, a ballpark AA is as good as a precise AA.
by jhfenton
Wed Jul 22, 2015 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Emerging / Frontier Markets: Allocation & ETF Recomendations
Replies: 10
Views: 1291

Re: Emerging / Frontier Markets: Allocation & ETF Recomendations

- For EM/FM, I'm worried that VWO is very BRIC-centric (~53%). I have looked at EMFM (Global X) and FM (iShares) ETFs, but both have their issues and have high fees (0.6-0.8%). Therefore I have 2 questions for you if anyone is kind enough to opine: (1) Are there any ETFs out there which you can rec...
by jhfenton
Wed Jul 22, 2015 8:56 am
Forum: Investing - Help with Personal Investments
Topic: asset allocation: based on pure or real investment?
Replies: 9
Views: 884

Re: asset allocation: based on pure or real investment?

It's a good question, and I do a bit of both. For simplicity, my asset allocation decisions are made at the fund level. I then reality check that using Morningstar's portfolio X-ray to see what I actually own. I wish Morningstar's portfolio X-ray would generate separate style boxes for domestic and ...
by jhfenton
Tue Jul 21, 2015 11:59 am
Forum: Investing - Theory, News & General
Topic: How do you pick TLH partners? [Tax Loss Harvesting]
Replies: 27
Views: 3303

Re: How do you pick TLH partners?

Typically I just park the money in cash and eat the 60 days (at Vanguard). It's cleanest that way, as I don't think "substantially equal" has ever been specifically defined by the IRS. I should note that my TLH usually is not a lot of money relative to the whole, so missing 30 or even 60 ...
by jhfenton
Mon Jul 20, 2015 8:14 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman Small Cap Value "Free Lunch"
Replies: 47
Views: 5545

Re: Paul Merriman Small Cap Value "Free Lunch"

Maynard F. Speer wrote:But if in doubt, equal weighting large, mid and small-cap value tends to work well in any market I've backtested it, and over most periods

That's my strategy. I figure it can't be too wrong.
by jhfenton
Sun Jul 19, 2015 8:08 pm
Forum: Investing - Theory, News & General
Topic: "Behind Vanguard's Surprising China Decision"
Replies: 22
Views: 4586

Re: "Behind Vanguard's Surprising China Decision"

I'm concerned too, but I'm going to keep my eyes on VWO to see how the transition goes. Rather than dump VWO, I'll probably dilute it with another EM fund or a regional EM fund. IEMG (or EEM or EEMV) are options, but if you hold a developed markets index fund tracking the FTSE index, and an EM fund...
by jhfenton
Sun Jul 19, 2015 5:01 pm
Forum: Investing - Theory, News & General
Topic: "Behind Vanguard's Surprising China Decision"
Replies: 22
Views: 4586

Re: "Behind Vanguard's Surprising China Decision"

Thanks for the info. I have 3 issues with China A shares and won't currently consider investing in any fund that has current plans to own them. 1. The overwhelming majority of shares are still owned by the govt, which can thus easily manipulate prices for political ends. There really isn't a deep, ...
by jhfenton
Sun Jul 19, 2015 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: TLH from VWO into EEM?
Replies: 4
Views: 351

Re: TLH from VWO into EEM?

For that matter, I wouldn't hesitate to TLH from IEMG to EEM, and they are much more alike than VWO and EEM. IEMG and EEM have the same sponsor, very similar country weightings, track similar MSCI indices, and have the same top 10 holdings (slightly different weights). But...they don't track the exa...
by jhfenton
Sun Jul 19, 2015 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: TLH from VWO into EEM?
Replies: 4
Views: 351

Re: TLH from VWO into EEM?

Yes. They are definitely not "substantially identical" within the meaning of the wash sale rule. They track different indices with substantially different countries and weights.

If you have access, though, I'd use IEMG before EEM. It's very similar, but much cheaper.
by jhfenton
Sat Jul 18, 2015 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Is now a decent time to buy gold? [Portfolio help]
Replies: 88
Views: 8982

Re: Is now a decent time to buy gold?

The times when I would consider buying gold:

1. Impending nuptials.
2. Impending anniversaries.
3. Impending birthdays.
4. Impending Christmas.

The rest of the time, not so much. And never as an investment.
by jhfenton
Sat Jul 18, 2015 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: iShares FactorSelect MSCI Intl Small-Cap (ISCF)
Replies: 11
Views: 1559

Re: iShares FactorSelect MSCI Intl Small-Cap (ISCF)

My takes: 1. I agree that the design is potentially appealing. 2. I couldn't stomach the expense ratio. I tilt, but I won't pay that much to tilt when the benefits of tilting are so ephemeral. 3. If I ignored the ER and was interested in investing, I'd keep an eye out on the ETF to see how the AUM, ...
by jhfenton
Thu Jul 16, 2015 12:23 pm
Forum: Personal Consumer Issues
Topic: Are the more expensive bikes worth paying for?
Replies: 78
Views: 7462

Re: Are the more expensive bikes worth paying for?

As for one's "speed", one does have to turn the pedals faster to go faster. On my bike, I can be in the mid-range and go over 20 mph. Let's calculate how fast I have to be pedalling. My mid-1990s DuraAce CW has 53 teeth. The FW is a straight 13,14,15,16,17…, so mid-range would be 16. Whee...
by jhfenton
Thu Jul 16, 2015 11:57 am
Forum: Investing - Theory, News & General
Topic: Vanguard ranked #1
Replies: 12
Views: 2583

Re: Vanguard ranked #1

Beyond the pointlessness of annual performance rankings, I guess they left out fund families if they didn't have a fund in each of the five categories, ignoring companies like Dodge & Cox with $200Bn in AUM because they don't do munis.
by jhfenton
Thu Jul 16, 2015 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Does Anyone Plan to Work Past 70 years of Age
Replies: 63
Views: 7198

Re: Does Anyone Plan to Work Past 70 years of Age

I think I would like to do some part-time seasonal work in my 70's. I live somewhere very seasonal, so it'd be nice to bug out of town with the crowds and go and travel every summer, and then be back in town to do a spot of work over the winter while there's lots of people wanting services and with...
by jhfenton
Thu Jul 16, 2015 9:46 am
Forum: Investing - Theory, News & General
Topic: Frontier Markets - 5% of portfolio?
Replies: 51
Views: 4526

Re: Frontier Markets - 5% of portfolio?

Thanks. Any thoughts on Frontier Markets then? Also, I have some VSS, but not nearly as much as you. Every so often, I look for an attractive investment vehicle for frontier markets. I haven't found one yet (at least not that I have access to for cost-effective dollar-cost averaging). But...when/if...
by jhfenton
Wed Jul 15, 2015 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Expensive index or active fund?
Replies: 14
Views: 1265

Re: 401k Expensive index or active fund?

Dodge and Cox Stock (0.52%) AST Black Rock Equity Index (0.45%) (this is an S&P 500 index) The other index funds are all Black Rock; emerging markets (0.62%), Developed (0.52), Mid Cap (0.52), Small cap value, blend, growth (0.52%) Those international Black Rock funds don't look bad. I wouldn't...
by jhfenton
Wed Jul 15, 2015 2:46 pm
Forum: Investing - Theory, News & General
Topic: Frontier Markets - 5% of portfolio?
Replies: 51
Views: 4526

Re: Frontier Markets - 5% of portfolio?

Index fund investors do well to be careful about falling into the mindset that if there's equity capitalization somewhere, one needs to own a cap-weighted slice of it. Index funds are a low cost way to implement an investment in an asset class for which one's asset allocation sets a non-zero alloca...
by jhfenton
Mon Jul 13, 2015 11:14 am
Forum: Investing - Theory, News & General
Topic: DFA to run ETFs for John Hancock
Replies: 38
Views: 6148

Re: DFA to run ETFs for John Hancock

In theory DFA-advised ETFs would be of interest. Those specific six ETFs...not so much. Beyond the John Hancock name and likely unreasonable expenses, four of them are sector funds. Bah. And there's no shortage of large cap and mid cap funds with various index designs.
by jhfenton
Tue Jul 07, 2015 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Vs Fidelity for Brokerage Account
Replies: 8
Views: 1606

Re: Vanguard Vs Fidelity for Brokerage Account

If you use Vanguard, then be prepared for lack of transparency, slow account updating, and not knowing exactly where your money is and which trades you have placed for hours if not days at a time. Fidelity is somewhat better, but not as real-time as some other brokers. That inspires great confidenc...
by jhfenton
Tue Jul 07, 2015 2:23 pm
Forum: Investing - Theory, News & General
Topic: Does An All ETF Portfolio Make Sense?
Replies: 40
Views: 4038

Re: Does An All ETF Portfolio Make Sense?

I'm currently all ETFs outside of 401(k)s and my HSA. But that is entirely, as nisiprius mentioned, due to the fee structure at TD Ameritrade. Once/if I start to open/move accounts at/to Vanguard, I expect I will end up with a mix of ETFs and traditional MFs. If I were starting from scratch with cas...
by jhfenton
Tue Jul 07, 2015 2:04 pm
Forum: Investing - Theory, News & General
Topic: Four Vanguard International Equity Index changing/broadening indexes
Replies: 80
Views: 11229

Re: Changes to four Vanguard international index funds

There have been half a dozen threads in the last month discussing this. I'm on my phone so can't search for them to post links, but you can find them out there.
by jhfenton
Tue Jul 07, 2015 9:13 am
Forum: Personal Finance (Not Investing)
Topic: How nuch concern is it to you when stocks
Replies: 50
Views: 4931

Re: How nuch concern is it to you when stocks

I'm moderately pleased by the recent market activity. It's just the kind of volatility I like to see 20 years away from planned retirement. We've probably lost $30K ($30,000) too. My only disappointment is my wife has been unemployed for 2 weeks, so our savings rate has plummeted until she finds ano...
by jhfenton
Wed Jul 01, 2015 5:36 pm
Forum: Investing - Theory, News & General
Topic: The Fund Name is Not Enough
Replies: 24
Views: 2910

Re: The Fund Name is Not Enough

I don't buy munis, and maybe this isn't unusual, but it doesn't seem like a "Maryland" fund. The prospectus goal was probably income not subject to federal or Maryland state tax. Puerto Rico bonds fit that bill as well as Maryland bonds, except for the nasty difference in quality. If you ...
by jhfenton
Tue Jun 30, 2015 12:54 pm
Forum: Investing - Theory, News & General
Topic: Four Vanguard International Equity Index changing/broadening indexes
Replies: 80
Views: 11229

Re: Vg Emerging Markets Index and China A-Shares

FTSE Emerging Markets Index adds China A shares
viewtopic.php?t=166549

Four Vanguard International Equity Index changing/broadening indexes
viewtopic.php?t=166948
by jhfenton
Mon Jun 29, 2015 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Any brokerage that offers commission free Vanguard mutual funds?
Replies: 21
Views: 3434

Re: Any brokerage that offers commission free Vanguard mutual funds?

Vanguard is particularly sluggish when it comes to updating anything in your account on the web site. I think you will be disappointed when you move your assets to Vanguard. See also: https://www.bogleheads.org/forum/viewtopic.php?t=87742 Thanks for that thread. I agree with you that the alacrity w...
by jhfenton
Mon Jun 29, 2015 1:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3333
Views: 839184

Re: U.S. stocks in freefall

bump :D I scratch my head every time I see someone bump this thread for a 1% - 2% drop. Is it because some people on this thread actually consider 1% a free fall? Or is it that we are making fun of the media going crazy over a 1% drop? I assume it's the latter. Neither the folks bumping it or the f...
by jhfenton
Sun Jun 28, 2015 7:43 pm
Forum: Investing - Theory, News & General
Topic: New Vanguard AMT-free National Municipal Bond Fund
Replies: 131
Views: 23186

Re: New Vanguard AMT-free National Municipal Bond Fund

Jonezez wrote:any word on when this will open?

haven't been able to find that answer on google

I would also like to know. I've been watching for news, but I can't find anything other than the stories in January and March that said "spring".
by jhfenton
Sun Jun 28, 2015 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Any brokerage that offers commission free Vanguard mutual funds?
Replies: 21
Views: 3434

Re: Any brokerage that offers commission free Vanguard mutual funds?

PS after posting the above: Out of curiosity, I looked up TD Ameritrade's fee list. They don't charge for a partial transfer of assets, but they charge $75 if you transfer out an entire account. TD Ameritrade will not charge account transfer fees if your combined account balance is over $100K. That...
by jhfenton
Wed Jun 24, 2015 12:06 pm
Forum: Investing - Theory, News & General
Topic: What ratio are you stocks/bonds and how old are you?
Replies: 278
Views: 34748

Re: What ratio are you stocks/bonds and how old are you?

Ages 45 and 45, 100% equities (excluding short-term reserves), mid-to-upper six figures, including 50/50 US/Intl and tilted toward small, value, and emerging markets. We plan to start dialing it back gradually in 5 years and accelerating the transition in 10 years (planned retirement in 20). Our AA ...
by jhfenton
Tue Jun 23, 2015 12:04 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Index - What % of equities?
Replies: 74
Views: 10677

Re: Small Cap Index - What % of equities?

Once my wife's 401(k) rollover is complete this week, our long-term allocation will look like this: 15% large value (VWNAX - Vanguard Windsor II Admiral in my 401(k) and VLUE - iShares MSCI USA Value Factor) 10% mid-cap value (VMVAX - Vanguard Mid Cap Value Index Admiral in my 401(k)) 20% small valu...
by jhfenton
Wed Jun 17, 2015 3:33 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation - Equity vs. FI for investors under 40
Replies: 29
Views: 2710

Re: Asset Allocation - Equity vs. FI for investors under 40

My wife and I are 45, probably 20 years from retirement, and we're virtually 100% equities (aside from emergency fund) with 45% of that internationa. Compared to livesoft's example, we have a bit larger portfolio and were set to contribute $52-$56K in new funds this year, not 20%, but not 1%. (My wi...
by jhfenton
Mon Jun 15, 2015 11:45 am
Forum: Investing - Theory, News & General
Topic: Why High Equity Allocation in Retirement
Replies: 86
Views: 13718

Re: Why High Equity Allocation in Retirement

Does anyone actually recommend high equity allocations in retirement? How many posts are there of people with 70%+ (anything less isn't really isn't high. ) equities without other factors (pensions and SS covering income needs) that explain it. From what I can tell the 100% equity crew all tends to...
by jhfenton
Fri Jun 12, 2015 6:36 pm
Forum: Investing - Theory, News & General
Topic: The 'Monday Effect'?
Replies: 50
Views: 8513

Re: The 'Monday Effect'?

I get pay on Friday and my 401K (Vanguard) gets its funding on Monday. 8-) I get paid every other Friday, but Fidelity always gets my 401(k) money on Thursday (the day before). My wife gets paid the last Friday of every month, but they don't usually run the 401(k) contributions until the following ...
by jhfenton
Tue Jun 09, 2015 2:55 pm
Forum: Personal Consumer Issues
Topic: Car dealer wants me to compensate for underpayment
Replies: 182
Views: 16657

Re: Car dealer wants me to compensate for underpayment

I don't believe that this is about legal nuance. dealership shenanigans, or clever negotiations. The famous free market thinker Adam Smith believed that all people want to be loved and to be lovely . This is about you being a good person. You should pay what you agreed to pay. Hermosa Surfer Of cou...
by jhfenton
Tue Jun 09, 2015 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Total:Tilt ratios for Small/Emerging/TIPS
Replies: 29
Views: 3009

Re: Total:Tilt ratios for Small/Emerging/TIPS

I like the 1:1 plan, minus the TIPS at this point. We're not far off of that, except that I add VSS (international small cap)--so that our international is 15% Dev ex-US, 15% EM, 15% Small ex-US--and I have Vanguard Mid-Cap Value Index Admiral as the best choice in my 401(k), so that gets a chunk. A...
by jhfenton
Mon Jun 08, 2015 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Recent changes in Vanguard's Int'l Funds- Diversify by Region or Market Cap?
Replies: 1
Views: 390

Re: Recent changes in Vanguard's Int'l Funds- Diversify by Region or Market Cap?

Hi everyone, this is my first post. Undoubtedly you've heard the news: Vanguard announces 4 international index funds to broaden diversification https://personal.vanguard.com/us/insights/article/fund-announcement-062015 Up to now I've sliced my international portfolio between Europe (VGK), Pacific ...

Go to advanced search