Search found 2465 matches

by jhfenton
Tue Jun 21, 2016 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Eletronic Delivery vs Mail [fund statements, tax forms]
Replies: 46
Views: 3370

Re: Eletronic Delivery vs Mail

The paperless is set up for the convenience of the mutual fund companies and the brokers, not the consumer I agree it is a convenience for the companies and organizations, and, often it is also a convenience for consumers who prefer to get their correspondence this way. Agreed. It works both ways. ...
by jhfenton
Fri Jun 17, 2016 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation within Tax Exempt Bond Funds
Replies: 11
Views: 1309

Re: Allocation within Tax Exempt Bond Funds

I've simplified. I was splitting money between Vanguard Limited Term Tax Exempt (1/3) and Vanguard Ohio Long-Term Tax Exempt (VOHIX) (2/3) while my wife was unemployed. But now that she's working again, I moved everything to VOHIX. Why only the long-term? 1. With the expected calls on the bonds and ...
by jhfenton
Fri Jun 17, 2016 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage - Newly Eligible to Upgrade
Replies: 19
Views: 3844

Re: Vanguard Brokerage - Newly Eligible to Upgrade

darkhorse346 wrote:BTW, VG did tell me that the automatic investing feature is working now with brokerage accounts, which is a good thing. :sharebeer

Automatic investing works. But automatic exchanges are not supported.
by jhfenton
Thu Jun 16, 2016 9:09 pm
Forum: Investing - Theory, News & General
Topic: frequent-trading policy guidelines
Replies: 8
Views: 848

Re: frequent-trading policy guidelines

You will get that message every single time you sell or exchange from a Vanguard mutual fund. It's simply advising you that you can't buy or exchange back into the fund via normal online or phone orders. Because of rebalancing, I currently have several mutual fund positions highlighted in red in my ...
by jhfenton
Wed Jun 15, 2016 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help me tilt towards small-cap value
Replies: 13
Views: 1018

Re: Help me tilt towards small-cap value

Unless I'm mistaken, isn't VBR just the ETF version of VISVX? So if VBR is acceptable, then I take it VISVX is likewise acceptable? Yes, though the ETF has a lower expense than the investor shares of the mutual fund. If you will qualify for admiral shares they are identical. Yes. I use VSIAX (the A...
by jhfenton
Wed Jun 15, 2016 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Help me tilt towards small-cap value
Replies: 13
Views: 1018

Re: Help me tilt towards small-cap value

Unless I'm mistaken, isn't VBR just the ETF version of VISVX? So if VBR is acceptable, then I take it VISVX is likewise acceptable? Yes, though the ETF has a lower expense than the investor shares of the mutual fund. If you will qualify for admiral shares they are identical. Yes. I use VSIAX (the A...
by jhfenton
Wed Jun 15, 2016 10:03 am
Forum: Investing - Theory, News & General
Topic: How do we know that some with 100% stocks will act differently than someone with 50% stocks in a bear market?
Replies: 41
Views: 2854

Re: How do we know that some with 100% stocks will act differently than someone with 50% stocks in a bear market?

You don't. Some folks do. Some folks don't. We were 100% stocks for more than 20 years, until last year at age 45. We barely noticed 2000 because we were heavily tilted to value and small value (in fact, I think we were slightly up in 2000 and 2001, finally down in 2002) and because our balances wer...
by jhfenton
Sat Jun 11, 2016 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: 20 year U.S. Treasuries, who's in?
Replies: 34
Views: 3893

Re: 20 year U.S. Treasuries, who's in?

supernova wrote:I would ladder EE Bonds before laddering 20-year treasuries.

People keep suggesting that in this thread--and I agree--but for those of us with the overwhelming majority of our assets in retirement accounts, that is not an option.
by jhfenton
Thu Jun 09, 2016 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: I need some help to understand why I should invest in bonds at such a young age
Replies: 235
Views: 18131

Re: I need some help to understand why I should invest in bonds at such a young age

Other than as part of an emergency fund, based on your post, I don't think you should. We didn't add bonds until last year at age 45. We're currently at 96/4, adding 2% per year to fixed income. (That doesn't count checking and savings, so perhaps we're 94/6 overall.) We still have 2 kids in junior ...
by jhfenton
Wed Jun 08, 2016 7:46 am
Forum: Investing - Theory, News & General
Topic: "Find out if your [Vanguard] fund is declaring a quarterly dividend in June."
Replies: 28
Views: 9217

Re: "Find out if your [Vanguard] fund is declaring a quarterly dividend in June."

So the answer is yes, all 7 Vanguard equity funds that I own have June distributions. Typical. :beer
by jhfenton
Wed Jun 08, 2016 6:26 am
Forum: Investing - Help with Personal Investments
Topic: Opinion on 35% International / 65% Domestic?
Replies: 17
Views: 1706

Re: Opinion on 35% International / 65% Domestic?

That is perfectly reasonable, right in the middle of most current recommendations. (We're 50/50, so we're at the high end. If we're at 49.9% international, Vanguard's portfolio watch says that "Your investments in foreign stocks add diversification to your portfolio." At 50.1%, it says tha...
by jhfenton
Tue Jun 07, 2016 6:48 pm
Forum: Personal Consumer Issues
Topic: Suggestion For Plush Socks That Don't Bunch Under The Feet
Replies: 15
Views: 1623

Re: Suggestion For Plush Socks That Don't Bunch Under The Feet

I read the title as "Suggestions for plush STOCKS... I had to read the title 3 times before I realized it was socks, not stocks. I sure must have looked confused for a bit. Me three. Every time I've checked the forum today, I've done a quick double-take as my brain stumbled over the phrase &qu...
by jhfenton
Tue Jun 07, 2016 9:18 am
Forum: Investing - Help with Personal Investments
Topic: FUSEX & Morningstar
Replies: 9
Views: 860

Re: FUSEX & Morningstar

The M* star ratings are a purely mechanical backward-looking return-risk measure comparing a fund against its category peers. I'm guessing based on this that S&P 500 index funds are teetering on the edge of 4 and 5 stars, and FUSEX dipped to 4 stars. Vanguard's more expensive S&P 500 Investo...
by jhfenton
Tue Jun 07, 2016 9:14 am
Forum: Investing - Help with Personal Investments
Topic: VG mobile device deposits
Replies: 7
Views: 645

Re: VG mobile device deposits

Thanks for all the responses. I wasn't sure if the "mobile deposits" was functioning, but, knowing the track record of VG's technology (or lack thereof), I'm not really surprised. Thanks everyone, Don OP I feel your pain but I also still find it amusing that the US financial industry, stu...
by jhfenton
Tue Jun 07, 2016 9:13 am
Forum: Investing - Help with Personal Investments
Topic: VG mobile device deposits
Replies: 7
Views: 645

Re: VG mobile device deposits

My rep did suggest a kluge. Do the mobile deposit to my BOA checking, then do an EFT to Vanguard. It works, but adds days to the process. What were they thinking? And why so long to fix? That's what I do. My credit union has mobile deposit, so I deposit and then transfer. For the size checks we usu...
by jhfenton
Tue Jun 07, 2016 7:06 am
Forum: Investing - Help with Personal Investments
Topic: VG mobile device deposits
Replies: 7
Views: 645

Re: VG mobile device deposits

Nope. The feature is not functional with Vanguard brokerage accounts, just the traditional mutual fund accounts. It was one of the first things I noticed when we opened our accounts last October. The app gives a non-descript error, and my rep confirmed that it doesn't work with brokerage accounts. I...
by jhfenton
Mon Jun 06, 2016 2:40 pm
Forum: Investing - Theory, News & General
Topic: DFA and Vanguard Small and Mid Cap Value vs REITS-?The money illusion
Replies: 41
Views: 3847

Re: DFA and Vanguard Small and Mid Cap Value vs REITS-?The money illusion

nedsaid, Yes the NAREIT data had showed that, this data on REITs showed 0.25% nominal growth over period when inflation was 3.15% Few other things Also just checked Vanguard REIT and it's yield is what I said at 3.2% http://www.morningstar.com/funds/XNAS/VGSIX/quote.html Re international REITs,yiel...
by jhfenton
Sat Jun 04, 2016 7:52 pm
Forum: Investing - Theory, News & General
Topic: Utility Stocks - Why doing so well?
Replies: 21
Views: 3006

Re: Utility Stocks - Why doing so well?

I agree. I would guess yield-chasing.
by jhfenton
Sat Jun 04, 2016 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in small increments
Replies: 3
Views: 659

Re: Investing in small increments

Vanguard rounds up as well as round down. In hundreds of transactions at Vanguard, I have never seen the confirmation not reflect what the =ROUND(AMOUNT/PRICE,3) formula produces in Excel. Over lots of small transactions it should eventually even out. What you could do is make lots of $0.10 investme...
by jhfenton
Fri Jun 03, 2016 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting income to CC company
Replies: 30
Views: 4257

Re: Reporting income to CC company

Amex occasionally asks me to update that information when I log onto their website, and I don't have any objection to reflecting whatever pay raises we've seen in their number. And I seem to recall one other credit card company sending out a similar email. The email is probably a bad practice on the...
by jhfenton
Fri Jun 03, 2016 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Advice - Challenge CFP Recommended Allocation?
Replies: 19
Views: 1929

Re: Asset Allocation Advice - Challenge CFP Recommended Allocation?

I would definitely avoid those PIMCO and Double Line funds. Those expense ratios are absurd for fixed income. There are reasonable low-cost alternatives from Vanguard and other fund companies. And I would not split my equities into that many slices if doing so required me to use the more expensive I...
by jhfenton
Fri Jun 03, 2016 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: vanguard 2 factor author problems?
Replies: 9
Views: 1554

Re: vanguard 2 factor author problems?

Thank you for the clarification, but no, I rather protect my information (specially my assets) than be a little convenience. Me too. My preference would be for financial institutions to provide separate read-only access credentials. Then I would trust that the aggregators with the lower stakes invo...
by jhfenton
Fri Jun 03, 2016 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Financial Engines made a big move in my investments
Replies: 23
Views: 4466

Re: Financial Engines made a big move in my investments

I don't have any idea why they would make such a move, but I would personally be averse to anyone else making those kind of changes without my approval. That is a large and sudden change. For what it's worth, I think both 30% and 17% are reasonable bond allocations for a 50-year-old, depending on ci...
by jhfenton
Fri Jun 03, 2016 8:45 am
Forum: Personal Finance (Not Investing)
Topic: vanguard 2 factor author problems?
Replies: 9
Views: 1554

Re: vanguard 2 factor author problems?

I signed up for Vanguard's 2 factor authorization when they offered it. They will text me a security code each time I want to access my account. But I've been getting a text a couple times a day even though I am not attempting to access it. I suspect this is from a service like "mint.com"...
by jhfenton
Thu Jun 02, 2016 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: International Large Value
Replies: 10
Views: 1520

Re: International Large Value

The Morningstar table is useful, but I like to look at the portfolio statistics page too. You can see how the funds compare with each other on P/E, P/B, etc. In addition to IVLU, FNDF, and EFV, you could also look at IEIL (iShares Enhanced International Large-Cap ETF) at 35 bp. It does not follow a ...
by jhfenton
Thu Jun 02, 2016 11:39 am
Forum: Investing - Theory, News & General
Topic: "Vanguard Developed Markets Index Fund now tracking new FTSE index."
Replies: 22
Views: 3532

Re: "Vanguard Developed Markets Index Fund now tracking new FTSE index."

Since I am in retirement, I have a low risk portfolio. To me, an international fund is as risky a holding as I wish to have. A small cap fund is also as risky as I wish to own. However, a fund that includes small cap international is double risky IMO, and I do not want to own such a fund. If I want...
by jhfenton
Thu Jun 02, 2016 9:26 am
Forum: Investing - Theory, News & General
Topic: New "Flagship Select" level at Vanguard
Replies: 47
Views: 14425

Re: New "Flagship Select" level at Vanguard

I don't understand all the grousing over the various service levels. On the one hand, folks complain because the service levels don't offer enough. And on the other hand, folks seem to complain because Vanguard is catering to the high net worth. I, on a third hand, would like to complain that they d...
by jhfenton
Thu Jun 02, 2016 9:12 am
Forum: Investing - Theory, News & General
Topic: "Vanguard Developed Markets Index Fund now tracking new FTSE index."
Replies: 22
Views: 3532

Re: "Vanguard Developed Markets Index Fund now tracking new FTSE index."

I wish I had never bought into this fund.... Vanguard's style drift on this one is disgraceful! +1 +2 I bought this fund when it was the tax managed version. Now they have changed it twice. However, tax managed means a taxable account and I have unrecognized gains equal to about 35% of the value. S...
by jhfenton
Wed Jun 01, 2016 8:30 pm
Forum: Investing - Theory, News & General
Topic: I like my CA long term tax exempt fund! (VCLAX)
Replies: 16
Views: 2986

Re: I like my CA long term tax exempt fund! (VCLAX)

I would have two issues with the California muni funds. 1. I have about 20% of our fixed income in Vanguard Ohio Long-Term Tax Exempt, and I plan to keep it around there as our fixed income allocation grows. I would be reluctant to let any single-state muni fund comprise more than 25% of our fixed i...
by jhfenton
Wed Jun 01, 2016 12:21 pm
Forum: Investing - Theory, News & General
Topic: Where's the ultimate index fund???
Replies: 11
Views: 2198

Re: Where's the ultimate index fund???

Target Funds do what you are looking for +1 Target funds and life strategy funds are probably the closest you can get for a reasonable fee right now. The relative weights of U.S. vs international equities are not quite market weight, but they're close enough. Strangely, GAA is a ETF of funds too, w...
by jhfenton
Wed Jun 01, 2016 8:44 am
Forum: Investing - Theory, News & General
Topic: "Wall Street Turns to ETFs to Sidestep Illiquidity in Bond Mkt"
Replies: 18
Views: 2539

Re: "Wall Street Turns to ETFs to Sidestep Illiquidity in Bond Mkt"

I don't think either wrapper (open-ended traditional MF or ETF) is immune to the problem. Each has its advantages and flaws. If you need daily liquidity and are prepared to jump at the first sign of trouble, a mutual fund might give you the advantage of a guaranteed sale at NAV before things get too...
by jhfenton
Tue May 31, 2016 6:08 pm
Forum: Investing - Theory, News & General
Topic: International stocks underperformed for the last 20 years.
Replies: 148
Views: 15438

Re: International stocks underperformed for the last 20 years.

I've seen the same facts, international underperformance, higher valuations in the U.S., and have gradually increased my international allocation to the point we're I'm at roughly market weighting in international (50/50). A decade ago I was 20% international. 5 years ago, I was 30%. For the last ye...
by jhfenton
Tue May 31, 2016 1:41 pm
Forum: Investing - Theory, News & General
Topic: ETF Ratings
Replies: 2
Views: 515

Re: ETF Ratings

I'll ask you the opposite question? Why in the world would you judge a bond ETF on short-term YTD performance? In this case, FBND has returned more in the short-term because it has a much riskier portfolio, with 47% corporates and only 19% government compared to 27% corporates and 45% government for...
by jhfenton
Tue May 31, 2016 12:34 pm
Forum: Investing - Theory, News & General
Topic: can you construct a zero DY well diversified S&P 500 portfolio?
Replies: 6
Views: 815

Re: can you construct a zero DY well diversified S&P 500 portfolio?

To answer your original question, no. If you eliminate all dividend-paying stocks, you dramatically skew the portfolio's sector allocation and introduce tracking error. It would skew heavily toward growth stocks. For a good example of a fund with this as a goal, take a look at Vanguard Tax-Managed C...
by jhfenton
Tue May 31, 2016 10:00 am
Forum: Investing - Help with Personal Investments
Topic: What do you think about my proposed portfolio
Replies: 13
Views: 1626

Re: What do you think about my proposed portfolio

All of the proposed portfolios are fine, and I wouldn't quibble with you not having any bonds when you have such limited savings to begin with. Pick any of the allocations and stick with it. (If I had to quiblle...15% to REIT is a bit high, and if I had to keep SCV or REIT, I'd definitely go with SC...
by jhfenton
Mon May 30, 2016 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Strategy
Replies: 8
Views: 1048

Re: Asset Allocation Strategy

There are an endless variety of reasonably choices. My wife and I are 46 years old, and we're using [(Age - 44) * 2] in bonds. We were 100/0 until last year, and we're currently 97/3. We'll adjust the glide path as we get closer to retirement, but tentatively want to end up around 60/40 at the start...
by jhfenton
Sun May 29, 2016 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in Taxable if Taxable Needs the Safety?
Replies: 17
Views: 2223

Re: Bonds in Taxable if Taxable Needs the Safety?

I also see nothing wrong with keeping some of your bonds in taxable. I personally like having some bonds in taxable. We have high-quality munis. On top of that we have intermediate treasuries (and just started adding TIPs) in our largest IRA and corporates (PIMCO Total Return Inst) in my 401(k). It ...
by jhfenton
Sun May 29, 2016 7:01 am
Forum: Investing - Help with Personal Investments
Topic: Mutual Fund vs. ETF for Emergency Fund
Replies: 3
Views: 652

Re: Mutual Fund vs. ETF for Emergency Fund

Index funds consistently outperform actively managed funds. In this case, they are both the exact same index fund. Only the form is in question. Dirghatamas is right. The mutual fund is preferable. With Vanguard, you can sell a mutual fund and direct that the proceeds go to your bank. In my experie...
by jhfenton
Sat May 28, 2016 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Skip company stock purchase?
Replies: 9
Views: 995

Re: Skip stock options?

Go Steelers!! That kind of controversial statement is not appropriate for this forum. I second quantAndHold's analysis. It depends on the holding period. 15% is a no-brainer if the holding period is short or non-existent. If it's a year or less, I'd almost certainly take it (unless I had a reason t...
by jhfenton
Fri May 27, 2016 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Money transfers to Vanguard
Replies: 13
Views: 1677

Re: Money transfers to Vanguard

The problem is probably not about moving money. It's about moving a Roth IRA. People on both ends of the exchange have to have the right certifications and the right paperwork to make it happen. Sometimes it happens quickly (a couple of weeks) and sometimes it takes longer. This is not the same thi...
by jhfenton
Fri May 27, 2016 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Money transfers to Vanguard
Replies: 13
Views: 1677

Re: Money transfers to Vanguard

I opened 5 Vanguard accounts last October, moving assets in kind from 5 accounts at TD Ameritrade and moving cash from 1 account at our local credit union. It was all done online, with no direct interaction between me and TD Ameritrade or the credit union. I did everything on a Monday. The cash from...
by jhfenton
Fri May 27, 2016 5:45 am
Forum: Investing - Theory, News & General
Topic: Do you own Vanguard actively managed Equity funds?
Replies: 48
Views: 5458

Re: Do you own Vanguard actively managed Equity funds?

No. An active muni bond fund (VOHIX), yes. But no active Vanguard equity or hybrid funds. I don't find any of them compelling compared to the index funds.
by jhfenton
Thu May 26, 2016 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: For liquidity, why buy Treasuries given existence of high-yield online bank accounts?
Replies: 14
Views: 1575

Re: For liquidity, why buy Treasuries given existence of high-yield online bank accounts?

I would break down the recent historical return into 3 parts: 1. Dividends 2. Capital gains from decreasing interest rates 3. Capital gains from the "roll yield" captured from rolling down the yield curve (bonds bought with higher rates at 10 years sold at a premium with 3 years remaining...
by jhfenton
Thu May 26, 2016 11:43 am
Forum: Investing - Help with Personal Investments
Topic: For liquidity, why buy Treasuries given existence of high-yield online bank accounts?
Replies: 14
Views: 1575

Re: For liquidity, why buy Treasuries given existence of high-yield online bank accounts?

About VSIGX, the yield is 1.30% but the fund is also appreciating at a few percent per year. I'm still trying to get a handle on this, but the total return from that fund for one year would be the cash from the yield (total investment dollars multiplied by yield) plus the gain of the fund itself? S...
by jhfenton
Thu May 26, 2016 10:15 am
Forum: Investing - Help with Personal Investments
Topic: please advise: how to get intl value exposure at lower cost
Replies: 17
Views: 2129

Re: please advise: how to get intl value exposure at lower cost

And don't get me wrong, I certainly wouldn't pay an extra 50bp on 10% of my portfolio (or an extra 5bp on the total portfolio) if there wasn't research showing 100+bp extra for value tilting, and another 100+bp for small tilting. If my math is correct 200bp gain - 50bp loss is still 150bp gain. The...
by jhfenton
Thu May 26, 2016 9:51 am
Forum: Investing - Help with Personal Investments
Topic: One More Vanguard Upgrade Hiccup: Unwanted Reinvestment
Replies: 11
Views: 1500

Re: One More Vanguard Upgrade Hiccup: Unwanted Reinvestment

It's very possible that your defaults got changed in the conversion process. It shouldn't happen, but it's not completely unexpected. You can check your account-level defaults and holding-level elections under Account Maintenance. I set up all my accounts new under the combined brokerage format, and...
by jhfenton
Thu May 26, 2016 9:46 am
Forum: Investing - Help with Personal Investments
Topic: please advise: how to get intl value exposure at lower cost
Replies: 17
Views: 2129

Re: please advise: how to get intl value exposure at lower cost

For me, the cost does trump the exposure, or at least has to this point. Tilting to value is not an all-important portfolio allocation decision like equities vs fixed income. I tilt toward value, small, and REIT on the domestic side, because the costs to do so are minimal. 8 bp buys me a Vanguard mi...
by jhfenton
Thu May 26, 2016 8:11 am
Forum: Investing - Help with Personal Investments
Topic: For liquidity, why buy Treasuries given existence of high-yield online bank accounts?
Replies: 14
Views: 1575

Re: For liquidity, why buy Treasuries given existence of high-yield online bank accounts?

For me, high-yield bank accounts are the choice for first tier emergency funds for taxable accounts. There's nothing else that comes close in terms of safety and minimizing your loss to inflation. But in retirement accounts, as a source of stability and funds for rebalancing, I use Vanguard Intermed...
by jhfenton
Thu May 26, 2016 5:16 am
Forum: Investing - Theory, News & General
Topic: Why is Vanguard Raising Select Mutual Fund Fees
Replies: 5
Views: 1468

Re: Why is Vanguard Raising Select Mutual Fund Fees

I believe the notices are more system glitches. I saw a notice this morning that the ER on VGSLX (Vanguard REIT Index Admiral) had increased from 10 bp to 12 bp. But the fund was already at 12 bp. It was never at 10 bp. It was at 10 bp before May 2015 for some period of time. This is last year's Ma...
by jhfenton
Wed May 25, 2016 8:07 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard Raising Select Mutual Fund Fees
Replies: 5
Views: 1468

Re: Why is Vanguard Raising Select Mutual Fund Fees

I believe the notices are more system glitches. I saw a notice this morning that the ER on VGSLX (Vanguard REIT Index Admiral) had increased from 10 bp to 12 bp. But the fund was already at 12 bp. It was never at 10 bp. I've seen similar glitches before, but I think they were always in the other dir...