Search found 1836 matches

by jhfenton
Mon May 22, 2017 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Zacks says sell Wellesley!?
Replies: 76
Views: 8303

Re: Zacks says sell Wellesley!?

Zack's ratings are complete and utter nonsense. You would be better served by forgetting that they exist.
by jhfenton
Sun May 21, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Why ETF settlement happens on T+3?
Replies: 22
Views: 1984

Re: Why ETF settlement happens on T+3?

Why ETF (at least in my broker) settles on T+3 days? Also, in general, do brokers allow you to sell your ETF before the settlement of the purchase of that same ETF? I mean, for instance suppose I buy some ETF of 5/10 and it is supposed to settle on 5/13 but I want to sell it on 5/11 (for a profit),...
by jhfenton
Fri May 19, 2017 6:26 pm
Forum: Personal Consumer Issues
Topic: iPhone GPS apps
Replies: 15
Views: 1083

Re: iPhone GPS apps

I use Waze. It's the best I've found for real-time traffic and rerouting, real-time police alerts, etc.
by jhfenton
Fri May 19, 2017 6:24 pm
Forum: Investing - Theory, News & General
Topic: Milestone and not peeking. . .
Replies: 66
Views: 7778

Re: Milestone and not peeking. . .

Congratulations!

I am definitely a peeker…if by peeking you mean updating and reconciling my spreadsheets every day.
by jhfenton
Thu May 18, 2017 11:51 am
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 12913

Re: For those with $500k-$1m in investments...

We're 47. Not counting checking and savings accounts, our "retirement portfolio" is 1.7% taxable, 25.7% Roth IRA, 66.6% traditional IRA/401(k), 5.9% HSA. By the time we max out Roths and 401(k)s and family HSA, we're saving a third of our gross income. Any additional savings gets split bet...
by jhfenton
Thu May 18, 2017 10:29 am
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX need advice [Vanguard Total Stock Market]
Replies: 65
Views: 7260

Re: 100% VTSAX need advice

... There is no net factor small cap factor or value factor in the total market portfolio, by definition. There are, of course, individual stocks that would be classified as small and value. Which if you are a believer in those " risk factors" means you're not taking an inordinate amount ...
by jhfenton
Wed May 17, 2017 8:46 am
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX need advice [Vanguard Total Stock Market]
Replies: 65
Views: 7260

Re: 100% VTSAX need advice

I still wouldn't be able to sleep well if I own just VTSAX and nothing else. No small cap value. No international. No emerging markets. No fixed income. I find that scary. :shock: :sharebeer In that case you have to examine the likely behavior of a portfolio that does hold more concentration in SCV...
by jhfenton
Wed May 17, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX need advice [Vanguard Total Stock Market]
Replies: 65
Views: 7260

Re: 100% VTSAX need advice

...But I would never in a million years be comfortable with 100% VTSAX. That's way too much concentration in U.S. large cap stocks for my taste. (We barely own any U.S. large cap stocks.) This would not be standard Bogleheads advice either. Barely owning any large cap US does not seem logical to me...
by jhfenton
Wed May 17, 2017 7:56 am
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX need advice [Vanguard Total Stock Market]
Replies: 65
Views: 7260

Re: 100% VTSAX need advice

...But I would never in a million years be comfortable with 100% VTSAX. That's way too much concentration in U.S. large cap stocks for my taste. (We barely own any U.S. large cap stocks.) This would not be standard Bogleheads advice either. Barely owning any large cap US does not seem logical to me...
by jhfenton
Tue May 16, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX need advice [Vanguard Total Stock Market]
Replies: 65
Views: 7260

Re: 100% VTSAX need advice

My wife and I are 47, have a portfolio just slightly smaller than yours, and plan to work 10-15 more years. We are 85.6% equities, 14.4% fixed income, 50/50 US/Intl on the equities side, heavily tilted to small value in the U.S., and heavily tilted to small and emerging markets on the international ...
by jhfenton
Mon May 15, 2017 6:41 pm
Forum: Investing - Theory, News & General
Topic: Scolded by my adviser at F******* ! [Fidelity]
Replies: 23
Views: 3933

Re: Scolded by my adviser at F******* !

This is the Net Promoter Score System it was created by Bain, and now extremely common in all customer surveys. https://en.wikipedia.org/wiki/Net_Promoter "Those who respond with a score of 9 to 10 are called Promoters, and are considered likely to exhibit value-creating behaviors, such as buy...
by jhfenton
Mon May 15, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Yikes! Thought about these 401k fees?
Replies: 11
Views: 1643

Re: Yikes! Thought about these 401k fees?

Yup. It was a typo. The ER is 0.07%. And, I assumed I couldn't roll over into an old 401ks. I'll check as that's a better plan to roll into. I'm not sure either. It's not anything I've ever had to consider. Also, I found out that my wife's plan that she'll soon be eligible for isn't a SEP IRA. It's...
by jhfenton
Mon May 15, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: S&P 500 vs Mid Cap Value
Replies: 11
Views: 1468

Re: S&P 500 vs Mid Cap Value

My entire low six-figure 401(k) is mid-cap value. My 401(k) has Vanguard Mid Cap Value Index Admiral (VMVAX) at 7 bp, but no small cap value. (There is a low-cost Fidelity S&P 500 CIT, but I'm looking to tilt toward small-cap value as much as possible.) I've looked at the comparison of mid-cap v...
by jhfenton
Mon May 15, 2017 10:21 am
Forum: Investing - Theory, News & General
Topic: NBC WB interview on Jack Bogle
Replies: 13
Views: 1560

Re: NBC WB interview on Jack Bogle

Why does it make it easier to ignore? I ignore the popular market indices because I don't own anything like them in my heavily tilted portfolio. If they widely reported a small cap value index and international indices, it would be a lot more relevant to me. Most days I couldn't tell you what the S...
by jhfenton
Mon May 15, 2017 9:02 am
Forum: Investing - Theory, News & General
Topic: NBC WB interview on Jack Bogle
Replies: 13
Views: 1560

Re: NBC WB interview on Jack Bogle

Among the two choices, the tracking error has been relatively small. But in the absolute numbers. Today 05-15-2017 Investor class Vanguard 500 (VFINX) Exprense Ratio 0.14 Vanguard Tot (VTSMX) Expense Ratio 0.15 If you throw out foreign, you have to convince yourself that 0.01 is worth the "ris...
by jhfenton
Mon May 15, 2017 8:46 am
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 49
Views: 4692

Re: Tipping for restaurants where you order at the counter

1. No.
2. No.
3. I don't believe I've ever eaten in such a place, but I would probably leave a small cash tip (if I had cash).

I do leave smaller tips (usually 10%) at buffets where they bring drinks and take away plates but do not provide full table service.
by jhfenton
Mon May 15, 2017 8:23 am
Forum: Investing - Help with Personal Investments
Topic: how do you invest your HSA
Replies: 39
Views: 3364

Re: how do you invest your HSA

My employer-sponsored HSA has a handful of Vanguard funds and expensive active junk. They take two days to exchange between funds, so I keep just one equity fund (VTMGX/Vanguard Developed Markets Index Admiral) and one bond fund (VBTLX/Vanguard Total Bond Index Admiral). If I wanted to rebalance bet...
by jhfenton
Mon May 15, 2017 8:10 am
Forum: Investing - Help with Personal Investments
Topic: 403B with high expense ratio's and insurance wrappers
Replies: 8
Views: 616

Re: 403B with high expense ratio's and insurance wrappers

I'd contribute anyway while I (1) look for other options available to me at my current employer, (2) lobby my current employer for better options, and (3) look for another job. I wouldn't be in a job for long with my only significant retirement savings options limited to 1.2-1.9% ERs, and it's worth...
by jhfenton
Mon May 15, 2017 7:38 am
Forum: Investing - Help with Personal Investments
Topic: Yikes! Thought about these 401k fees?
Replies: 11
Views: 1643

Re: Yikes! Thought about these 401k fees?

Thanks for the feedback. Looking at my situation again, I'm considering just rolling the $11,800 IRA into my current 401k (0.16% ER of current fund + 0.28% fees = 0.44%). I can lower the 0.16% ER by moving to 3 Vanguard index funds (Admiral level) in the plan. I'd leave the $283,000 in the old 401k...
by jhfenton
Sun May 14, 2017 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: How many firms do you use?
Replies: 39
Views: 2748

Re: How many firms do you use?

We have a couple of checking accounts and savings accounts and three credit card accounts, but we maintain the absolute minimum of investment accounts: 1 x Taxable, 2 x Roth, 2 x Rollover at Vanguard; 401(k) at Fidelity; HSA at local bank brokerage through employer. None of the investment accounts a...
by jhfenton
Sun May 14, 2017 7:45 pm
Forum: Investing - Theory, News & General
Topic: Disappointed with the Vanguard experience so far
Replies: 11
Views: 2496

Re: Disappointed with the Vanguard experience so far

It's not standard practice. You must have triggered some sort of fraud alert. Perhaps you answered some of the identity matching questions from your credit report incorrectly? (Or the reverse. I've read of multiple instances where the credit bureaus pull info from the wrong accounts for identify ver...
by jhfenton
Sat May 13, 2017 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: 100% Total International (0% US equity) for new investor?
Replies: 36
Views: 2561

Re: 100% Total International (0% US equity) for new investor?

MotoTrojan wrote:50/50 is more international than the majority of this forum. Make that your lifetime equity allocation and let it ride.

+1

I don't know which will do better over any given time period, and I don't want all of my equity investments to come with currency risk. So 50/50 is an excellent compromise.
by jhfenton
Thu May 11, 2017 12:16 pm
Forum: Investing - Theory, News & General
Topic: Buffet - The Wrath of Ebit
Replies: 32
Views: 4175

Re: Buffet - The Wrath of Ebit

Startups use this as well as large companies. I guarantee their were finance people that focused on EBITDA in your company as well. As you say, I work for a small publicly traded company, and we refer to EBITDA all the time. It's even the primary metric in our bonus program. (This year bonus payout...
by jhfenton
Mon May 08, 2017 12:47 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early
Replies: 68
Views: 3275

Re: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early

Happy Birthday, Mr. Bogle. Thank you for everything you've done for investors!
by jhfenton
Mon May 08, 2017 12:38 pm
Forum: Personal Consumer Issues
Topic: Fitbit Blaze vs Apple Watch
Replies: 24
Views: 1991

Re: Fitbit Blaze vs Apple Watch

I have had an Apple Watch Series 2 for about a month now. I like it. ⋅  I am able to go on runs without my phone and still be able to keep track of my course and have it sync up nicely. ⋅  I am able to get notifications privately through the vibration. ⋅  When using Ap...
by jhfenton
Mon May 08, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Does it make sense for a young adult to liquidate an Inherited IRA sooner than later?
Replies: 20
Views: 1310

Re: Does it make sense for a young adult to liquidate an Inherited IRA sooner than later?

Make sure to consider the impact that withdrawals will have on his income for financial aid purposes.
by jhfenton
Mon May 08, 2017 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Why is Vanguard S&P Small-Cap 600 Value ETF (VIOV) not listed in ETF lineup?
Replies: 9
Views: 771

Re: Why is Vanguard S&P Small-Cap 600 Value ETF (VIOV) not listed in ETF lineup?

Vanguard hides the Russell and S&P index ETFs. When you're looking at the complete list of ETFs, there's a checkbox on the bottom left of the filter window that you have to check to show the Russell and S&P funds. I get the sense that Vanguard only grudgingly offers these ETFs because of som...
by jhfenton
Sun May 07, 2017 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 6392

Re: Solid justification for including all stocks & NO bonds?

Although many people do it, I do not believe there is any solid justification for having 100% stocks and no bonds. By definition, that is not a diversified portfolio. Edit: Ok, I know I'll get slammed for that comment. My comment revolves around the words "solid justification" which impli...
by jhfenton
Sun May 07, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 6392

Re: Solid justification for including all stocks & NO bonds?

Although many people do it, I do not believe there is any solid justification for having 100% stocks and no bonds. By definition, that is not a diversified portfolio. Edit: Ok, I know I'll get slammed for that comment. My comment revolves around the words "solid justification" which impli...
by jhfenton
Sun May 07, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 HSA Contribution Limit Announced
Replies: 13
Views: 2975

Re: 2018 HSA Contribution Limit Announced

We'd need 5% inflation... I take it back, I want the IRA limit to stay the same. :sharebeer I'm with you. Even 5% in 17 months (3/31/17-8/31/18) is higher than I'd like (or expect) to see. It would probably take a spike in energy costs to get that. At current inflation levels (2.0-2.5%), we'd hit t...
by jhfenton
Sun May 07, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 HSA Contribution Limit Announced
Replies: 13
Views: 2975

Re: 2018 HSA Contribution Limit Announced

If my quick calculation is correct, we will not see an IRA contribution limit increase for 2018. We're not really even close. At March 31, 2017's CPI-U level, the unrounded contribution limit is $5,715.17. To hit $6,000--anything short of an even $500 is dropped--we'd need to see 5% inflation betwee...
by jhfenton
Sun May 07, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 HSA Contribution Limit Announced
Replies: 13
Views: 2975

Re: 2018 HSA Contribution Limit Announced

TX_Man wrote:I hope the IRA limit gets raised.

I know. $6,000 would at least make monthly contributions come out even! :beer
by jhfenton
Sun May 07, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 6392

Re: Solid justification for including all stocks & NO bonds?

I was 100% stocks for more than 20 years, but in your case I would not be 100% stocks. My wife and I started out in our mid-20's with $0 in our portfolio and expectations of two professional salaries (attorney and CPA) for 35+ years. At that point our lifetime asset allocation was 0% equities/100% h...
by jhfenton
Sun May 07, 2017 3:46 pm
Forum: Investing - Theory, News & General
Topic: PMMF 2% FEE~Possible
Replies: 2
Views: 294

Re: PMMF 2% FEE~Possible

Pine Mountain Music Festival? :beer I assumed Prime Money Market Fund. To answer your question: the fees and gates are old news: https://personal.vanguard.com/pdf/VGMMR.pdf. That summary is from 2014. The fees and gates would only kick in an extreme situation in which the fund was running short on l...
by jhfenton
Sun May 07, 2017 10:38 am
Forum: Investing - Theory, News & General
Topic: Should I sell this fund?
Replies: 5
Views: 521

Re: Should I sell this fund?

I don't think those screening criteria have much value for index funds. I'm not going to suddenly sell or refuse to buy or suddenly Vanguard Developed Markets Index fund because they changed the index from a large-cap index that excluded Canada to an all-cap index that included Canada. The new index...
by jhfenton
Sat May 06, 2017 7:33 pm
Forum: Investing - Theory, News & General
Topic: Why do stock prices move more while the market is open?
Replies: 11
Views: 1300

Re: Why do stock prices move more while the market is open?

The index doesn't "trade" overnight but the effects of news, earnings, etc should still be reflected in the difference between the previous day's close and the current day's open. In the stock's and ETF's that pay dividends, we are not taking into account those dividends...so, that is a p...
by jhfenton
Sat May 06, 2017 6:40 pm
Forum: Investing - Theory, News & General
Topic: Why do stock prices move more while the market is open?
Replies: 11
Views: 1300

Re: Why do stock prices move more while the market is open?

I didn't realize that you were using index data in the first chart. That's the problem there. The index doesn't actually trade overnight, and many of the constituents won't trade much overnight. I wouldn't trust the opening value calculated for the index. It appears to be anchored to the previous da...
by jhfenton
Sat May 06, 2017 2:41 pm
Forum: Investing - Theory, News & General
Topic: Fuzzy size factors
Replies: 2
Views: 478

Re: Fuzzy size factors

We sometimes hear someone say that Vanguard small-cap or mid-cap funds are not tracking their index properly. This short article explains why: http://www.marketwatch.com/story/this-firm-is-a-small-mid-large-and-megacap-company-according-to-vanguard-2017-04-21 The discussion of banding and transitio...
by jhfenton
Sat May 06, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Yikes! Thought about these 401k fees?
Replies: 11
Views: 1643

Re: Yikes! Thought about these 401k fees?

Yeah, I was thinking of rolling my old 401k and reverse-rollover an IRA into my current-employer 401k in a move to do a backdoor Roth for soon and future investments. I have to check if that's allowable with my current-employer 401k. My income is too high for a standard Roth, and too high for IRA d...
by jhfenton
Sat May 06, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Yikes! Thought about these 401k fees?
Replies: 11
Views: 1643

Re: Yikes! Thought about these 401k fees?

So, I'm in the midst of investment planning, and I'm looking at my current employer 401k that I max every year. The 401k is administered by a third party company. I want to explore rolling older, higher-fee plans (401k and IRA) into my current-employer 401k. I have $76,000 in the 401k all going int...
by jhfenton
Sat May 06, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Small cap value tilt portfolio review
Replies: 25
Views: 2101

Re: Small cap tilt portfolio review

Using Portfolio Visualizer, I get your U.S. stock factor loadings at about 0.17 size and 0.12 value. If you divided up your U.S. as 65% VFIAX/35% VIOV, over the same period I get the same 0.17 size and 0.12 value. If you divided up your U.S. as 50% VFIAX/50% VISVX, over the same period I get 0.19 s...
by jhfenton
Sat May 06, 2017 10:32 am
Forum: Investing - Theory, News & General
Topic: Why do stock prices move more while the market is open?
Replies: 11
Views: 1300

Re: Why do stock prices move more while the market is open?

So I'm a little surprised at how little action there is in Gordon's question. +1 If the data is accurate, I'm shocked at how little net change in price there is overnight. Earnings are reported before the market opens or after it closes. Overseas economic news and market events come out while the U...
by jhfenton
Fri May 05, 2017 1:56 pm
Forum: Investing - Theory, News & General
Topic: "Wondering how to convert to Admiral Shares?"
Replies: 20
Views: 2317

Re: "Wondering how to convert to Admiral Shares?"

The Admiral Shares often have different prices than the investor shares. When one does a conversion, does anybody know if the computer recalculates the number of shares and price for each individual lot you bought in the past or just one bulk conversion? I'm thinking about tax basis and ease of thi...
by jhfenton
Thu May 04, 2017 7:38 am
Forum: Investing - Help with Personal Investments
Topic: Best SCV to choose from?
Replies: 14
Views: 1903

Re: Best SCV to choose from?

Is it better to own the etf (VBR) or the mutual fund (VSIAX)? I would be purchasing through vanguard directly (bad idea?). Roth doesn't matter, Mutual is probably easier, especially with auto purchase. Normally ETF's are slightly more tax efficient, but I recall reading something about vanguard mut...
by jhfenton
Sun Apr 30, 2017 10:28 am
Forum: Personal Consumer Issues
Topic: Wrist based heart rate monitors
Replies: 35
Views: 2333

Re: Wrist based heart rate monitors

I love the Apple Watch. I have music and podcasts on it What are you using to listen to podcasts on your watch? The only thing I found was instructions on how to convert podcasts to .mp3 (too much trouble for me) to listen with the music app, or there was a free app I found that was not to my likin...
by jhfenton
Sat Apr 29, 2017 6:16 pm
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 225
Views: 12058

Re: Will cars be autonomous in three years?

I wonder if we'll be able to get around some of the issues surrounding human drivers coexisting with driverless cars by having a switchover day. For instance, the government could mandate that all new cars sold by 2025 have driverless technology available, while still requiring humans to drive them...
by jhfenton
Sat Apr 29, 2017 6:06 pm
Forum: Personal Consumer Issues
Topic: Wrist based heart rate monitors
Replies: 35
Views: 2333

Re: Wrist based heart rate monitors

I have a couple of Garmins and a third generation Garmin HR chest strap, and I have an Apple Watch Series 2 with wrist HR monitoring. The HR strap is definitely more accurate, reliable, and responsive. I use the strap and my Garmin for speed work and tempo runs, when I want quick feedback on HR duri...
by jhfenton
Thu Apr 27, 2017 9:38 pm
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 225
Views: 12058

Re: Will cars be autonomous in three years?

Bold prediction- 15 years from now majority of cars will be autonomous. It will be safer. Significantly so. Those of you who claim "you can pull my steering wheel out of my cold dead hands"- the costs to continue to drive without automation will make that stance prohibitive. Kids being bo...
by jhfenton
Thu Apr 27, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: High operating expense for bond fund in 401K, what are the options?
Replies: 6
Views: 323

Re: High operating expense for bond fund in 401K, what are the options?

I was expecting 1.11%! Yours is very low and you are luckier than most! If I am thinking correctly, 10k at .06% = .0006 x 10k = $6/yr 10k @ .11% =.0011 x 10k = $11/yr Rather than saying cost is double, look at the dollars. I agree completely. I'd love to have a intermediate or total bond index fund...
by jhfenton
Thu Apr 27, 2017 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: VTI vs VTSAX (ETF vs Mutual Fund)
Replies: 6
Views: 846

Re: VTI vs VTSAX (ETF vs Mutual Fund)

The expense ratio of VTI will surely follow along with changes in the expense ratio of VTSAX. Or do you have inside information that it won't? I have no such info and really haven't been following this...hence my question here. The ER of both VTI and VTSAX is 0.04%. That was the ER last year for bo...

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