Search found 1671 matches

by jhfenton
Tue Oct 13, 2015 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move from Schwab ETFs (from portfolio builder) to Vanguard?
Replies: 10
Views: 1156

Re: Should I move from Schwab ETFs (from portfolio builder) to Vanguard?

For others who don't know all of the Schwab tickers (I didn't): SCHX = Schwab U.S. Large Cap (4 bp ER) SCHE = Schwab Emerging Markets Equity (14 bp) (I knew this one) SCHF = Schwab International (8 bp) SCHA = Schwab U.S. Small Cap (8 bp) I don't have any issues with your portfolio. All four Schwab E...
by jhfenton
Tue Oct 13, 2015 2:37 pm
Forum: Investing - Theory, News & General
Topic: SEC Proposes Liquidity Management Rules For Mutual Funds
Replies: 30
Views: 2836

Re: SEC Proposes Liquidity Management Rules For Mutual Funds

So, if the system tended to bias things in the direction of punishing sellers in turmoil it would be OK for me personally. And if the existing situation was likely to leave 'stay put' holders worse off at the expense of sellers in turmoil, that's bad for me. Of course if the rule in actual practice...
by jhfenton
Tue Oct 13, 2015 10:17 am
Forum: Investing - Theory, News & General
Topic: SEC Proposes Liquidity Management Rules For Mutual Funds
Replies: 30
Views: 2836

Re: SEC Proposes Liquidity Management Rules For Mutual Funds

I feel better after reading the relevant proposed rule (start reading at page 184 of the proposed rules and continue for 16-20 pages). Swing pricing would have to be based on a policy set out by the board in advance, not willy-nilly by the manager. A swing policy would be triggered when net in-flows...
by jhfenton
Tue Oct 13, 2015 9:56 am
Forum: Investing - Theory, News & General
Topic: Amusing coda to my interview on Bloomberg
Replies: 11
Views: 2218

Re: Amusing coda to my interview on Bloomberg

Back in the 1980's, I was attracted to Whitman and his quarterly letters and he was one of the options in my 457 plan; there was something of a Warren Buffet tone to it and I had small amounts of money invested there. I got out of it when I was simplifying things and haven't checked back to how he ...
by jhfenton
Sun Oct 11, 2015 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Did I [mess up] my wife's 401k match?
Replies: 8
Views: 915

Re: Did I screw up my wife's 401k match?

Yep. Like the others who have chimed in, my company only matches on a per paycheck basis. I have to time it so that I hit the max with my last paycheck.
by jhfenton
Sun Oct 11, 2015 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: VWO and China A Shares
Replies: 6
Views: 628

Re: VWO and China A Shares

Yes but Vanguard is aware of these kinds of discrepancies, and their traders aren't dummies. They don't completely have to follow even the transitional index to the letter and right now. And even if they somehow purchase all A shares at on average say 50% above true value or equivalent HK-traded pr...
by jhfenton
Sun Oct 11, 2015 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: VWO and China A Shares
Replies: 6
Views: 628

Re: VWO and China A Shares

I guess I'm a bit concerned in the shortish term, the next several years as this plays out, from a timing perspective. China A shares are still way up from where they were not too long ago. More than the absolute valuation, I'm concerned by the valuation gap between A-Shares and Hong Kong-traded ma...
by jhfenton
Sun Oct 11, 2015 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: VWO and China A Shares
Replies: 6
Views: 628

Re: VWO and China A Shares

We had some discussions about this during the summer after Vanguard announced the transition index for VWO/VEMAX/VEIEX (Vanguard FTSE Emerging Markets ETF/Admiral/Investor). I am also concerned that long-term (not with the initial 5% addition of A-shares) VWO will be too concentrated in China. I hav...
by jhfenton
Sun Oct 11, 2015 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: What is your favorite 60/40 balanced fund at Vanguard and why?
Replies: 32
Views: 4704

Re: What is your favorite 60/40 balanced fund at Vanguard and why?

Under ideal circumstances, I wouldn't use any balanced fund. But seeing as I wanted to start building a bond position in my 46th year of life and seeing as my 401(k), my HSA, and my wife's (former) 401(k) had no good bond funds (an American Funds bond fund and Pimco Total Return) and seeing as I did...
by jhfenton
Fri Oct 09, 2015 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone tried to buy a new VW?
Replies: 14
Views: 2395

Re: Has anyone tried to buy a new VW?

I've been a VW hater since 2003, when our 2002 VW Passat 1.8L turbo blew out its engine due to a turbo oil sludge defect. VW refused to honor the warranty because I had done some of the oil changes myself, forcing me to sue them. A few years later there was class-action lawsuit over the defect, but ...
by jhfenton
Fri Oct 09, 2015 8:48 am
Forum: Investing - Theory, News & General
Topic: can ETF and mutual be considered substantially identical in TLH?
Replies: 6
Views: 580

Re: can ETF and mutual be considered substantially identical in TLH?

They're not just substantially identical; they're identically identical, seeing as they are the same fund. Don't do it. I would tax loss harvest VWO with IEMG (iShares Core EM) or, if it has to be Vanguard, VMMSX (Vanguard Emerging Markets Select). VMMSX is actively managed and expensive at 96bp. I'...
by jhfenton
Thu Oct 08, 2015 1:05 pm
Forum: Investing - Theory, News & General
Topic: Equity Glide Paths — Bogleheads versus Target Funds
Replies: 42
Views: 3483

Re: Equity Glide Paths — Bogleheads versus Target Funds

I believe a more useful study is equity allocation versus progress towards one's 'number'. That's how I manage my asset allocation . PJW That seems like an eminently rational strategy. :beer But I have no idea what our budget is going to look like in 20 years in retirement, post kids, in another ho...
by jhfenton
Thu Oct 08, 2015 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 126
Views: 13632

Re: What do you guys do on the side?

I run. Not for money, but for health, fitness, and competition. I've won a few races, including one small marathon, but my biggest prize was $250 for 3rd Master at the St. Louis Marathon in 2012. And as of this summer, I'm biking and swimming a little, and completed my first triathlon (3rd place ove...
by jhfenton
Thu Oct 08, 2015 10:56 am
Forum: Investing - Theory, News & General
Topic: Equity Glide Paths — Bogleheads versus Target Funds
Replies: 42
Views: 3483

Re: Equity Glide Paths — Bogleheads versus Target Funds

Wildebeest wrote:I think it is sound advice and very reasonable.

I agree it is reasonable. I just think that it's on the extreme conservative end of reasonable. :wink:

Of course, I say that as someone who considers 98.5% equities at age 45 1/2 to also be reasonable. 8-)
by jhfenton
Thu Oct 08, 2015 10:52 am
Forum: Investing - Help with Personal Investments
Topic: About to pull the trigger, yea or nay?
Replies: 12
Views: 1840

Re: About to pull the trigger, yea or nay?

Given your ages and your sizeable emergency fund. I'd absolutely invest your Roth IRAs 100% in Total Stock. You're not really 100% equities when your cash emergency fund is three times the size of your retirement accounts.
by jhfenton
Thu Oct 08, 2015 9:51 am
Forum: Investing - Theory, News & General
Topic: Equity Glide Paths — Bogleheads versus Target Funds
Replies: 42
Views: 3483

Re: Equity Glide Paths — Bogleheads versus Target Funds

Interesting graph. Not surprising once one considers that age in bond is the sage advice given on this forum. Comparing the linear regression line of the average Boglehead respondent against the standard recommendation of "age in bonds," it appears that Bogleheads are quite a bit more agg...
by jhfenton
Tue Oct 06, 2015 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard delays ACH funds availability
Replies: 55
Views: 6700

Re: Vanguard delays ACH funds availability

What about purchases in an IRA? My Roth IRA is no different in this respect from my taxable account. Can you make IRA mutual fund purchases from a linked checking account via ACH? I do. How long do inbound (pulled) ACHs take to become available for ETF purchases in an IRA? I contribute from a check...
by jhfenton
Tue Oct 06, 2015 3:13 pm
Forum: Personal Consumer Issues
Topic: Kindle Unlimited
Replies: 10
Views: 1016

Re: Kindle Unlimited

1. You can only check out 10 Kindle unlimited books at a time. 2. They expire after the current billing period. You can extend it a while by cutting a device off from the Internet, but you'll be stuck with no new Kindle material on that device. I read and listen to so many books, that even if only a...
by jhfenton
Tue Oct 06, 2015 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard delays ACH funds availability
Replies: 55
Views: 6700

Re: Vanguard delays ACH funds availability

What I take so far: * I won't have any issues in a taxable account, because Vanguard MF purchases can be directly from a linked checking account via ACH and/or I will have a margin account to cover the time until settlement for ETFs. Great. What about purchases in an IRA? Right now, our 4 IRA accoun...
by jhfenton
Tue Oct 06, 2015 11:48 am
Forum: Investing - Theory, News & General
Topic: Why buy government securities at 0%?
Replies: 27
Views: 3649

Re: Why buy government securities at 0%?

Small retail investors wouldn't. Institutions who need someplace to park large short-term cash holdings would. They can't park millions in an FDIC insured savings account or short-term CD.

(Edited to add: mpt types faster. :))
by jhfenton
Tue Oct 06, 2015 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard delays ACH funds availability
Replies: 55
Views: 6700

Re: Vanguard delays ACH funds availability

For the next two months, I wrote a check on the Vanguard account and took it to the bank....that solved the problem and my funds were posted to my account the same day. But....that requires me to drive the bank. Can you do a mobile deposit? My credit union mobile app allows deposits using the phone...
by jhfenton
Tue Oct 06, 2015 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard delays ACH funds availability
Replies: 55
Views: 6700

Re: Vanguard delays ACH funds availability

I hope others will chime in. I'm interested in hearing about Vanguard's ACH funds availability practice in both taxable accounts (with and without margin) and in Roth and traditional IRA accounts. To be frank, it's my biggest concern in moving our accounts from TDAmeritrade to Vanguard. With TDA I p...
by jhfenton
Sun Oct 04, 2015 8:35 am
Forum: Personal Consumer Issues
Topic: It's illegal not to reply to a US Census Request? (Identity Theft Concerns...)
Replies: 27
Views: 2004

Re: It's illegal not to reply to a US Census Request? (Identity Theft Concerns...)

At the last Census, I was given the long form. I only filled in the Constitutionally valid question regarding number of residents. I sent it in. Legality satisfied. Of course, they followed up by sending a census worker to my door. I politely allowed him to ask all of his questions whether they wer...
by jhfenton
Sat Oct 03, 2015 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Good idea to payoff mortgage at age (40)?
Replies: 24
Views: 3333

Re: Good idea to payoff mortgage at age (40)?

My vote: 1. Continue maxing out 401k 2. Keep your $250,000 invested however you are comfortable (with at least a 6 month emergency fund in case you develop tenant problems) 3. Going forward, make an additional principal only payment each month equal to whatever you saved the prior month (if you rec...
by jhfenton
Sat Oct 03, 2015 8:13 am
Forum: Investing - Theory, News & General
Topic: DFA to run ETFs for John Hancock
Replies: 38
Views: 6185

Re: DFA to run ETFs for John Hancock

I don't see the attraction. Looking at JHML, I see a fund that overcharges for slightly re-weighting the largest 800 stocks in the U.S. market. I don't see how the slight re-weighting is going to add 30 or 40 bp of value. Same for JHMM with stocks 200-950 and an even higher fee.
by jhfenton
Fri Oct 02, 2015 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Should I make my AA more aggressive due to DBP?
Replies: 9
Views: 1084

Re: Should I make my AA more aggressive due to DBP?

To be honest, I'm not sure why you'd be that conservative in your 30's, especially with a DB pension. I'd be as aggressive as would allow me to sleep, which gets back to that personal psychology you mentioned. I wouldn't count my DB pension in my net worth, but I'd factor it into my retirement incom...
by jhfenton
Fri Oct 02, 2015 2:42 pm
Forum: Investing - Theory, News & General
Topic: Credit Suisse: market at panic levels. Anybody panicked?
Replies: 19
Views: 2210

Re: Credit Suisse: market at panic levels. Anybody panicked?

I'm happy to see bearish investor sentiment. I see investor sentiment as a contrary indicator.

Of course, I don't change my asset allocation regardless, but I find bearish sentiment more encouraging in the short-term than euphoria. Euphoric investors make me nervous. :)
by jhfenton
Thu Oct 01, 2015 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: What's YOUR FinaMetrica "risk score?"
Replies: 96
Views: 13125

Re: What's YOUR FinaMetrica "risk score?"

I just took it and didn't have to pay anything. I scored a 76. If you look at the breakdowns, I scored a bit lower on the risk-taking scale in borrowing and thrill investing, which makes sense. I am conservative when it comes to borrowing and gambling. Our portfolio is 100% equities (50% US, 50% int...
by jhfenton
Tue Sep 29, 2015 10:01 am
Forum: Personal Finance (Not Investing)
Topic: How Do You Track Capital Improvements on Your House?
Replies: 25
Views: 2049

Re: How Do You Track Capital Improvements on Your House?

We don't bother. Cincinnati is a LCOL area. We bought a huge 1907 three-story house in 2001 for $165K. It's appraised at just under $200K now. It's not a good candidate for turning into a rental property. For those reasons, I'm not worried about ever having to document our basis. (In a pinch, though...
by jhfenton
Mon Sep 28, 2015 8:23 pm
Forum: Personal Consumer Issues
Topic: Minivan or not?
Replies: 50
Views: 5194

Re: Minivan or not?

We've gone sedan (2008 Ford Fusion purchased from my wife's grandmother when she could no longer drive it) and minivan (2012 Honda Odyssey purchased new). We didn't see the new for minivan and mini-SUV. But by all means go minivan. They're fantastically convenient; and I think the 2012 and later Ody...
by jhfenton
Mon Sep 28, 2015 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: The Sky Is Falling, What do I do?
Replies: 69
Views: 8130

Re: The Sky Is Falling, What do I do?

Meh. We're 100% equities, and "lost" low five figures today (more than 2%). What does it matter when we're not planning to sell anything we own for 20 years?
by jhfenton
Fri Sep 25, 2015 2:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 781
Views: 133135

Re: Vanguard sued for charging too little

It is absolutely clear as a tax law matter that Vanguard should be providing services at market prices and paying significant tax. No other U.S. corporation avoids tax in this (illegal) manner. Its smaller competitors pay in the deep hundreds of millions of dollars of tax/year. With penalties and i...
by jhfenton
Fri Sep 25, 2015 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: What's the slope of your glide path? (AA variation over time)
Replies: 28
Views: 2488

Re: What's the slope of your glide path? (AA variation over time)

My wife and I are 45, roughly 20 years from retirement. We've arrived at this point with a respectable portfolio with roughly 100% equities (not counting emergency funds). Starting now, we're adjusting that by roughly 2% per year with new money. If we keep that up for 20 years, we'll arrive near ret...
by jhfenton
Fri Sep 25, 2015 9:25 am
Forum: Investing - Theory, News & General
Topic: Optimizing value strategies
Replies: 12
Views: 1478

Re: Optimizing value strategies

new paper by the Aperio group takes a look at which value metric(s) work best Hope you find it of interest http://www.etf.com/sections/index-investor-corner/swedroe-building-optimal-value-portfolios?nopaging=1 Best wishes Larry Thanks for the article. Informative as always. I found the mention of b...
by jhfenton
Tue Sep 22, 2015 6:17 pm
Forum: Investing - Theory, News & General
Topic: Why not overweight international small caps? [VSS/VFSVX fund]
Replies: 25
Views: 3229

Re: Why not overweight international small caps? [VSS/VFSVX fund]

texasdude17 wrote:Thoughts?

We do. Our targets are:

15% LCV (VLUE)
15% MCV (VMVAX)
15% SCV (VBR)
5% REIT (VNQ)
15% Dev ex-US (VEA)
15% Small ex-US (VSS)
15% Em Mkts (VWO)
5% Intl Real Estate (VNQI)
by jhfenton
Mon Sep 21, 2015 7:50 pm
Forum: Investing - Theory, News & General
Topic: in favor or not for slicing and dicing
Replies: 44
Views: 3135

Re: in favor or not for slicing and dicing

So is this slicing-and-dicing or tilting? 15% Large Value (VLUE) 15% Mid Value (VMVAX) 15% Small Value (VBR) 5% US REIT (VNQ) 15% Developed ex-US (VEA) 15% Small ex-US (VSS) 15% Emerging Markets (VWO) 5% Int'l Real Estate (VNQI) It is both, with a very heavy tilt toward small and value. Mid-cap is ...
by jhfenton
Mon Sep 21, 2015 4:05 pm
Forum: Investing - Theory, News & General
Topic: in favor or not for slicing and dicing
Replies: 44
Views: 3135

Re: in favor or not for slicing and dicing

Sure, but I wouldn't call 34/33/33 or 50/50 slicing and dicing. That's more tilting, and heavily tilting I would say. I don't think that's what the OP was asking about. I have often wondered why people don't do that if they're so confident in SCV (for example) will give a boost to their portfolio. ...
by jhfenton
Thu Sep 17, 2015 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: If You Have Savings In Your 20s, You’re Doing Something Wrong [article]
Replies: 148
Views: 14992

Re: If You Have Savings In Your 20s, You’re Doing Something Wrong [article]

For me,The most enjoyable part of life ended when I turned 30. That's really sad, and it reflects what I found most sad in the article: the assumption that your 40's suck because of kids, mortgages, and pressure. I couldn't disagree more. I have a lot more fun at 45 than I did in my 20's. I'm more ...
by jhfenton
Mon Sep 14, 2015 2:09 pm
Forum: Investing - Theory, News & General
Topic: ETF volatility; WSJ article
Replies: 5
Views: 737

Re: ETF volatility; WSJ article

I don't worry about this--other than missing the opportunity to buy at ridiculously low prices. Although this can happen and has happened on a fleeting basis, the arbitrage mechanism that's fundamental to ETFs ensures that it can't persist--there would be just too much risk-free profit available if...
by jhfenton
Fri Sep 11, 2015 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: What does an "emergency fund" mean to you?
Replies: 35
Views: 4778

Re: What does an "emergency fund" mean to you?

An emergency fund is: 1) an "unemployment fund" because it's XX months of your most necessary living expenses stocked away and very easily accessible to cover for an extended period of unemployment; 2) a "medical or car & house repairs fund" for an unexpected illness, or dam...
by jhfenton
Wed Sep 09, 2015 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Limit
Replies: 4
Views: 512

Re: Roth IRA Limit

If you're married and file jointly, you can each put up to the limit ($5500 this year) in a Roth IRA, unless your joint income is above $183,000. It doesn't matter whether the joint income is all from your paycheck, all from hers, or any combination. http://www.rothira.com/roth-ira-limits This is c...
by jhfenton
Tue Sep 08, 2015 12:24 pm
Forum: Personal Consumer Issues
Topic: Repairing cracked mini iPad screen
Replies: 8
Views: 845

Re: Repairing cracked mini iPad screen

Check youtube for a video to do the replacement yourself. Ebay for the parts. I've replaced a few iPad mini screens on my kids' two iPad minis. They don't need upgraded iPads for playing Clash of Clans or watching YouTube videos, so I've just replaced the glass digitizers. There are a lot of little...
by jhfenton
Fri Aug 28, 2015 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: If stocks dropped 30% next Monday, would you rebalance?
Replies: 103
Views: 8137

Re: If stocks dropped 30% next Monday, would you rebalance?

knpstr wrote:My 100% stocks would still be 100% :beer

Same here. Although it's conceivable with a drop that large, that it might not be uniform, and I might need to rebalance among my 8 asset classes.
by jhfenton
Fri Aug 28, 2015 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Checking if my house has any Liens on it
Replies: 31
Views: 2368

Re: Checking if my house has ant Liens on it

I would call an exterminator and have them do an inspection. :sharebeer (couldn't resist)
by jhfenton
Fri Aug 28, 2015 9:57 am
Forum: Investing - Help with Personal Investments
Topic: TLH aftermath - what to do with $170 VTSMX left in tIRA
Replies: 3
Views: 920

Re: TLH aftermath - what to do with $170 VTSMX left in tIRA

If I cannot get rid of it, does it mean my TLH is all invalid? Or just the future dividend reinvest part is a wash sale? :confused Only the number of shares purchased in the dividend investment would be washed. So if your reinvested dividends bought 0.100 shares of VTSMX, then you'd wash the loss o...
by jhfenton
Fri Aug 28, 2015 9:44 am
Forum: Investing - Theory, News & General
Topic: Do "valuations" affect your asset allocation?
Replies: 52
Views: 3376

Re: Do "valuations" affect your asset allocation?

Valuation has impacted my asset allocation quite dramatically. I was 0% equities from late 1998 through early 2000. I had just started building up by net worth, so frankly my savings rate would dwarf anything the stock market or bond market would do. Had I had a more substantial nest egg I probably...
by jhfenton
Fri Aug 28, 2015 9:33 am
Forum: Investing - Theory, News & General
Topic: What causes the price movement in INDEX ETFs?
Replies: 4
Views: 398

Re: What causes the price movement in INDEX ETFs?

SPY is not just tied to an index in some theoretical sense. SPY and other ETFs are a class of open-ended mutual funds. They are just a class that trades at market prices like an ordinary stock. And just like traditional mutual funds, a share of an ETF represents a claim to a small portion of the net...
by jhfenton
Thu Aug 27, 2015 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard limiting options for "Select a fund for your dividends"
Replies: 7
Views: 1395

Re: Vanguard limiting options for "Select a fund for your dividends"

If the fund is in a Roth then you can't "tax loss harvest" anyway - so a "wash sale" shouldn't be anything holding you back from buying or selling whatever you want in a Roth - correct? Sales in a Roth wouldn't matter, but purchases could. You can "wash" a taxable sale...
by jhfenton
Thu Aug 27, 2015 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Tax lots and TLH question
Replies: 19
Views: 1509

Re: Tax lots and TLH question

In this day and age, I'm amazed at the idea that anyone would ever choose average cost. I don't see a downside to specific identification. The broker does all of the heavy lifting. At TD Ameritrade, I don't even have to pick lots. I just have my default "Tax Lot ID Method" set to "Tax...

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