Search found 1896 matches

by jhfenton
Thu Jul 06, 2017 8:05 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value v. Growth Investor Characteristics
Replies: 25
Views: 1820

Re: Larry Swedroe: Value v. Growth Investor Characteristics

I guess I don't fit the norm: male, Ivy league grad, attorney, value investor. And I've always been an aggressive value investor: 100% equities until age 45, tilted to small value (and EM) since I started investing in my mid-to-late 20's. In my case, it's probably the combination of a contrarian ben...
by jhfenton
Wed Jul 05, 2017 12:07 pm
Forum: Personal Consumer Issues
Topic: UberX or UberXL??
Replies: 15
Views: 1467

Re: UberX or UberXL??

Uber's pricing protocol depends on where you are. A year ago, my daughter and I were in Atlanta, and we noticed that all Uber pricing was fixed. (There's a disclaimer, but generally, the quoted price was the price.) We came back to Cincinnati, and they were still giving estimates. Now Uber in Cincin...
by jhfenton
Tue Jul 04, 2017 5:16 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman: The One Fund Every Investor Should Own
Replies: 89
Views: 11814

Re: Paul Merriman: The One Fund Every Investor Should Own

I don't think every investor should own a SCV fund, but I do know that if I could own nothing but a single fund, it would be a SCV fund. This is where I am. [To be fair, VSIAX is my second largest holding, behind VSS (Vanguard FTSE All-World ex-US Small Cap).] The very first non-401(k) investment I...
by jhfenton
Thu Jun 29, 2017 6:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 146
Views: 15971

Re: Vanguard upgraded my accounts - angry

What is disadvantage if they convert to brokerage account? In my case, I would have to re-do all my Agent Authorizations and links to our checking accounts. That requires notary signatures and in California, they charge a $10 state fee for each signature being notarized. For me, that would cost ove...
by jhfenton
Thu Jun 29, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Familiar w/ DocuSign? Secure?
Replies: 13
Views: 963

Re: Familiar w/ DocuSign? Secure?

As 2retire said, I would verify that you're on a secure connection to an actual DocuSign server, but once you are sure of that, I would readily trust DocuSign with a document containing confidential information. We use it for highly confidential and multi-million dollar contracts. I can see your con...
by jhfenton
Wed Jun 28, 2017 7:51 pm
Forum: Personal Consumer Issues
Topic: Etiquette regarding fence on my property (adverse possession)
Replies: 23
Views: 3033

Re: Etiquette regarding fence on my property (adverse possession)

Talk to your neighbor. If you don't want to make him move the fence, you should--if NJ is typical--be able to avoid adverse possession by something as simple as signing a rental agreement (for say $1/yr) allowing him to fence in those 8'. (I don't know how long the property line is and how expensive...
by jhfenton
Wed Jun 28, 2017 1:52 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 12466

Re: How did you handle the costs of your child's wedding?

We will probably offer our kids a lump sum gift to spend on their wedding, honeymoon, or early nest egg as they see fit. (They're 13 and 14 now, so we have a while.) The amount will be whatever we can afford at the time.
by jhfenton
Sat Jun 24, 2017 7:48 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Vanguard Fund
Replies: 56
Views: 6769

Re: Your Favorite Vanguard Fund

VSS: Vanguard FTSE All-World ex-US Small Cap. It's basically "Total International Small Cap" (and I think that would be a better name). If you made me put everything in one equity fund, that would be it. As it is, it is still my largest holding. I do, though, wish it came with Admiral Shar...
by jhfenton
Sat Jun 24, 2017 4:53 am
Forum: Investing - Theory, News & General
Topic: Anything wrong with 100% US Stocks?
Replies: 35
Views: 2761

Re: Anything wrong with 100% US Stocks?

Yes. 100% U.S. stocks is a terrible idea.

Stick to your plan.
by jhfenton
Fri Jun 23, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - Inter. or Total Muni [VTEAX - Tax-Exempt Bond Index]
Replies: 12
Views: 1123

Re: Vanguard - Int. Muni or Total Muni

I prefer Vanguard's active muni funds. There are inefficiencies in the thinly-traded corners of the muni bond market that cannot be exploited by a muni index fund that is required to stick to the largest, most liquid issues. The real advantage of index funds is cost, and there's no difference in cos...
by jhfenton
Thu Jun 22, 2017 1:03 pm
Forum: Investing - Theory, News & General
Topic: Argentina issuing 100-year bond.
Replies: 64
Views: 6369

Re: Argentina issuing 100-year bond.

It's a very interesting question. It's clearly a risky asset, and an unusual one at that for a bond, since its duration is much longer than almost anyone's lifetime. As Benjamin Graham observed, at a high enough price, a even the highest quality security is a sell, and at a low enough price, a dodg...
by jhfenton
Wed Jun 21, 2017 2:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard invite - transition to a Brokerage Acct
Replies: 33
Views: 2151

Re: Vanguard invite - transition to a Brokerage Acct

The main advantage is the ability to seamlessly rebalance among Vanguard ETFs and mutual funds. You can sell an ETF (or any stock, really) and immediately place an order for a Vanguard mutual fund with the (unsettled) proceeds. We hold mostly Vanguard Admiral shares, but we also have Vanguard ETFs ...
by jhfenton
Wed Jun 21, 2017 2:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard invite - transition to a Brokerage Acct
Replies: 33
Views: 2151

Re: Vanguard invite - transition to a Brokerage Acct

The main advantage is the ability to seamlessly rebalance among Vanguard ETFs and mutual funds. You can sell an ETF (or any stock, really) and immediately place an order for a Vanguard mutual fund with the (unsettled) proceeds. We hold mostly Vanguard Admiral shares, but we also have Vanguard ETFs a...
by jhfenton
Wed Jun 21, 2017 11:39 am
Forum: Investing - Theory, News & General
Topic: Vanguard invite - transition to a Brokerage Acct
Replies: 33
Views: 2151

Re: Vanguard invite - transition to a Brokerage Acct

I wonder if the invite is some sort of test or pilot project, given no one else is reporting receiving this? Oh, no. Not at all. It's been a several-year process discussed in dozens of long threads on this forum (as flamesabers just pointed out). To me the advantages of the consolidated brokerage a...
by jhfenton
Tue Jun 20, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: is offering this [Vanguard] website feature feasible?
Replies: 29
Views: 2171

Re: is offering this [Vanguard] website feature feasible?

It's only actionable, .... Maybe the OP wants to say something when a friend, colleague, or acquaintance says they own AAPL, MSFT, FB, AMZN, etc.? When I look at a M* Stock Intersection, I see than my approximately 60/40 portfolio has about 2% of the portfolio in 5 stocks --- all from funds. So, wh...
by jhfenton
Tue Jun 20, 2017 10:09 am
Forum: Personal Consumer Issues
Topic: Alternatives to Amazon
Replies: 76
Views: 5607

Re: Alternatives to Amazon

Most of our Amazon packages now come through Amazon Logistics, and I've had no issues with delivery whatsoever. Over the last several years for us, Amazon has cycled through UPS, UPS->USPS, Amazon->USPS, Amazon->local courier, and now mostly Amazon->Amazon for smaller deliveries. UPS has been reliab...
by jhfenton
Tue Jun 20, 2017 8:04 am
Forum: Investing - Theory, News & General
Topic: is offering this [Vanguard] website feature feasible?
Replies: 29
Views: 2171

Re: is offering this [Vanguard] website feature feasible?

Don't folks just use morningstar.com to do exactly this? How? The Portfolio X-Ray Stock Intersection tool. It is a premium feature, though. My largest overall holding is Tencent Holdings Ltd. at 0.68% of my portfolio. Tencent is currently 4% of VEMAX/VWO which is 20% of equities, which is 85.39% of...
by jhfenton
Mon Jun 19, 2017 7:00 pm
Forum: Investing - Theory, News & General
Topic: is offering this [Vanguard] website feature feasible?
Replies: 29
Views: 2171

Re: is offering this [Vanguard] website feature feasible?

Don't folks just use morningstar.com to do exactly this? How? The Portfolio X-Ray Stock Intersection tool. It is a premium feature, though. My largest overall holding is Tencent Holdings Ltd. at 0.68% of my portfolio. Tencent is currently 4% of VEMAX/VWO which is 20% of equities, which is 85.39% of...
by jhfenton
Mon Jun 19, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Scratched Bumper with Police on the Scene
Replies: 26
Views: 2573

Re: Scratched Bumper with Police on the Scene

jjface wrote:Forgive my ignorance but how would it be negative to mention it to your insurance? Everyone seems to say don't do that.

I don't understand that either. My first call after the police would be to my insurance agent, whether or not my insurance company was going to end up paying anything.
by jhfenton
Sun Jun 18, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard joint taxable account questions
Replies: 5
Views: 476

Re: Vanguard joint taxable account questions

There's no reason you can't have two joint accounts if you want ease of joint management and survivorship. Vanguard doesn't mind. One of you can primarily fund one joint account and the other can fund the other. They would be easy to combine later if you decided to do so, since they would have the s...
by jhfenton
Sun Jun 18, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes: Receiving Gofundme and Fundraising Proceeds
Replies: 1
Views: 326

Re: Taxes: Receiving Gofundme and Fundraising Proceeds

Usually proceeds of charitable-type fundraisers and GoFundMe pages are personal gifts. If the money is to defray medical expenses, funeral costs, wedding costs, etc., then it should not be taxable. If the fundraisers are related to a business or business-like hobby, it would probably be treated as b...
by jhfenton
Sat Jun 17, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Total US or Vanguard 2050?
Replies: 14
Views: 1649

Re: Total US or Vanguard 2050?

I would put it in all in Total International in my new Roth and adjust my allocation in the TSP and spouse's Roth to keep me at my 70/20/10 split. I wouldn't add a second fund in my Roth IRA until I had to, which might be never with the TSP presumably much larger and growing faster.
by jhfenton
Fri Jun 16, 2017 12:12 pm
Forum: Investing - Theory, News & General
Topic: Amazon Buys Whole Foods
Replies: 103
Views: 11228

Re: Amazon Buys Whole Foods

I'm under the impression Whole Foods is declining anyways with the growth of organic food choices everywhere else at lower prices. Seems to me Amazon just purchased a fully developed food supply chain. I wouldn't be surprised to see them use these more as local distribution centers rather than full...
by jhfenton
Thu Jun 15, 2017 7:39 am
Forum: Investing - Theory, News & General
Topic: Favorite Feature of Vanguard Website?
Replies: 67
Views: 5682

Re: Favorite Feature of Vanguard Website?

*3!4!/5! wrote:I generally like much of the website, but an un-favorite feature is that when you're logged in and you get timed out, it wipes out all your Vanguard tabs, including the public pages that didn't depend on your login.

+1 :oops: I'm glad I'm not the only one that annoys. :beer
by jhfenton
Thu Jun 15, 2017 7:36 am
Forum: Investing - Help with Personal Investments
Topic: ETF spreads
Replies: 7
Views: 595

Re: ETF spreads

Are you looking at after-hours spreads? That would be my guess. Folks make that mistake all the time. "Live" spreads after hours are meaningless placeholders. The day-time market makers are not open for business. If you're researching spreads after hours, you can get meaningful average sp...
by jhfenton
Wed Jun 14, 2017 7:36 am
Forum: Investing - Theory, News & General
Topic: International Bonds
Replies: 7
Views: 799

Re: International Bonds

I use Total Bond for all of the bond portfolio. I have avoided Total International Bond because of the higher expense, lower credit quality, lower yield, and higher duration. In reviewing the bond portfolio of Wellesley Income, Core Bond, and Intermediate Term Investment Grade funds I noticed they ...
by jhfenton
Wed Jun 14, 2017 7:28 am
Forum: Investing - Theory, News & General
Topic: How does the fiduciary rule affect Vanguard?
Replies: 4
Views: 1100

Re: How does the fiduciary rule affect Vanguard?

The direct financial impact on Vanguard from a compliance standpoint should be minimal. Other than through the Vanguard PAS, they are not in the business of providing financial advice. Neither the brokerage folks nor the mutual fund folks make trade recommendations or "sell" anything. They...
by jhfenton
Tue Jun 13, 2017 7:55 pm
Forum: Investing - Theory, News & General
Topic: Favorite Active Funds?
Replies: 22
Views: 2573

Re: Favorite Active Funds?

The only active funds I currently own are Vanguard Ohio Long-Term Tax Exempt (VOHIX) and a tiny bit of Vanguard Limited Term Tax Exempt Investor Shares (VMLTX). And since I own more VOHIX, I guess that makes it my favorite. I consider all of Vanguard's active bond funds to be good funds, as is Vangu...
by jhfenton
Tue Jun 13, 2017 12:47 pm
Forum: Investing - Theory, News & General
Topic: New Fidelity Offerings - Sustainability Index Funds
Replies: 2
Views: 466

Re: New Fidelity Offerings - Sustainability Index Funds

Thanks for the PSA. I'm holding out for a sin fund. If I were to invest in a themed mutual fund or ETF--I don't invest that way--a low-cost "sin" fund would be a possibility. I haven't seen a broad "sin" ETF--only "sin" sector ETFs focused on gambling or alcohol--and t...
by jhfenton
Tue Jun 13, 2017 9:17 am
Forum: Investing - Theory, News & General
Topic: Favorite Feature of Vanguard Website?
Replies: 67
Views: 5682

Re: Favorite Feature of Vanguard Website?

My favorite feature is that I can sell an ETF and immediately buy a Vanguard mutual fund with the unsettled proceeds without use of margin, even in a retirement account. (If you do it in a margin account, though, they will properly ding you for the two days margin interest.) As others have mentioned...
by jhfenton
Sat Jun 03, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead approved actively managed funds!
Replies: 28
Views: 3058

Re: Boglehead approved actively managed funds!

I would be content with pretty much any of Vanguard's active bond funds. In fact, in many areas of the bond market, I prefer active bond funds, costs being equal . In particular, I don't believe indexing is ideal for muni bonds or high yield corporate bonds. In fact, other than treasury bonds, I don...
by jhfenton
Sat Jun 03, 2017 12:20 pm
Forum: Personal Consumer Issues
Topic: car oil changes a scam maybe ?
Replies: 18
Views: 1578

Re: car oil changes a scam maybe ?

I would agree that the Every-3000-Mile spiel from JiffyLube and the like is essentially a scam, but I don't see any evidence that car manufacturers are scamming folks into changing their oil more often than necessary. We follow our 2012 Honda Odyssey's automatic oil life sensor, and it sends us in f...
by jhfenton
Fri Jun 02, 2017 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Ohio Long Term Tax Exempt in taxable
Replies: 3
Views: 322

Re: Ohio Long Term Tax Exempt in taxable

Nope. I own VOHIX myself. It's a solid fund. The duration doesn't bother me; it's not really that long. But the duration is a bit deceiving. Because of the call options on many muni bonds, the low duration is largely a product of current low rates: many of the bonds are likely to be called, and they...
by jhfenton
Fri Jun 02, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Balanced index fund holder - do I need intl?
Replies: 52
Views: 3481

Re: Balanced index fund holder - do I need intl?

I agree with livesoft. :beer

(I would recommend some amount of international for everyone, but not having it is a venial sin. Jumping in after it has done well and abandoning it when it has not is a mortal sin. So don't do that. :twisted:)

We're 50/50 US/Intl on the equities side.
by jhfenton
Fri Jun 02, 2017 6:59 am
Forum: Investing - Theory, News & General
Topic: Differing expense ratio reports for same ETF
Replies: 2
Views: 259

Re: Differing expense ratio reports for same ETF

stlutz wrote:IB doesn't keep their info. up to date. Not much to explain.

+1. IB's numbers are just out of date.
by jhfenton
Thu Jun 01, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: "Optimized" Bond ETFs
Replies: 14
Views: 1223

Re: "Optimized" Bond ETFs

You could take a look at AGGY (WisdomTree Barclays Yield Enhanced U.S. Aggregate Bond Fund). It's 12 bp, 136.21MM in AUM, 0.11% average B/A spread, $810.11K traded per day (according to etf.com). So it's not high AUM, but it's gathered that in less than 2 years, and liquidity is not terrible. It's a...
by jhfenton
Thu Jun 01, 2017 2:46 pm
Forum: Investing - Theory, News & General
Topic: "Why Your Investment Strategy Should Fit on an Index Card"
Replies: 17
Views: 3379

Re: "Why Your Investment Strategy Should Fit on an Index Card"

In my 10th grade biology class, our teacher allowed us to use a homemade ~6"x6"x6" cube of notes on the final exam. Everyone else hand-wrote theirs. I typed up my notes and diagrams and used a dot-matrix printer to print them out very, very tiny on 6" squares. So you're the reas...
by jhfenton
Thu Jun 01, 2017 11:31 am
Forum: Investing - Theory, News & General
Topic: "Why Your Investment Strategy Should Fit on an Index Card"
Replies: 17
Views: 3379

Re: "Why Your Investment Strategy Should Fit on an Index Card"

It's good advice, but That wouldn't limit me much. In my 10th grade biology class, our teacher allowed us to use a homemade ~6"x6"x6" cube of notes on the final exam. Everyone else hand-wrote theirs. I typed up my notes and diagrams and used a dot-matrix printer to print them out very...
by jhfenton
Thu Jun 01, 2017 7:37 am
Forum: Investing - Theory, News & General
Topic: My Smart Beta ETF Premised on Cats Rang Up an 849,751% Return
Replies: 1
Views: 476

Re: My Smart Beta ETF Premised on Cats Rang Up an 849,751% Return

The article was great. Thanks for the link. Full credit to the author for explaining a serious point in a delightful way.
by jhfenton
Wed May 31, 2017 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Settlement in tax advantaged accounts (Roth/HSA)
Replies: 3
Views: 224

Re: Settlement in tax advantaged accounts (Roth/HSA)

I do what you describe all the time. Vanguard even floats the difference in settlement for Vanguard mutual funds. I can sell an ETF and immediately buy a Vanguard mutual fund with the proceeds. Not all brokers will do that, though all should let you do what describe--unless your account is on restri...
by jhfenton
Tue May 30, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Voyager Select vs Flagship
Replies: 32
Views: 5280

Re: Voyager Select vs Flagship

GMT-8 wrote:I have also used the free Financial Engines retirement estimator/advisor tool for years. It's on the Flagship page - I don't know if it is on Select.

GMT-8

It is. Even regular Voyager has it. I played with it a few times before we hit Voyager Select.
by jhfenton
Tue May 30, 2017 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Buying an ETF with VG MM funds
Replies: 2
Views: 458

Re: Buying an ETF with VG MM funds

Do you have one of the new consolidated brokerage accounts? Is your Prime MM holding inside the brokerage account or a stand-alone mutual fund account? With the consolidated brokerage account, you can buy an ETF and the money needs to be in the account in cash by the third business day (settlement d...
by jhfenton
Mon May 29, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: How to buy brk.a? [Berkshire Hathaway Inc. Class A]
Replies: 24
Views: 3364

Re: How to buy brk.a?

Unless you care about voting rights or the cachet of owning BRK.A, I don't know why you would care about owning BRK.A vs BRK.B. The short answer is, if you're buying in an IRA, once you get 1,500 shares of BRK.B, you can try to sell your BRK.B and buy a share of BRK.A. If you're buying in a taxable ...
by jhfenton
Mon May 29, 2017 2:59 pm
Forum: Investing - Theory, News & General
Topic: Etrade's illustrations of direct rollover and indirect rollover
Replies: 4
Views: 418

Re: Etrade's illustrations of direct rollover and indirect rollover

student wrote:
Earl Lemongrab wrote:What do you think is wrong with the graphics?

They inverted the titles of the two graphics, correct? The graphic labeled as indirect should be direct and vice versa.

Yes. You are correct.
by jhfenton
Mon May 29, 2017 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: tax exempt bond funds
Replies: 25
Views: 2327

Re: tax exempt bond funds

One possibility would be to move enough of the Vg Limited Term Tax Exempt (VLimTTE) into the Vg Long Term Tax Exempt to get the duration where you want it. Since I live in Ohio and Vanguard has an Ohio Long Term Tax Exempt fund (VOHIX), I barbell VOHIX and VLimTTE rather than use Vg Intermediate Ter...
by jhfenton
Sun May 28, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding the Hassle Factor - Vanguard, Schwab, or Fidelity?
Replies: 52
Views: 5498

Re: Avoiding the Hassle Factor - Vanguard, Schwab, or Fidelity?

A recent example of customer service at Vanguard - I sent a message on Wednesday asking a pretty simple question. No response so far. Not even a response saying they got the message. I've been very happy with customer service at Vanguard…except for their response to messages. When we transferred ou...
by jhfenton
Sat May 27, 2017 10:09 pm
Forum: Investing - Theory, News & General
Topic: Why did Vanguard's Market Capitalization in their Portfolio Analysis change?
Replies: 6
Views: 950

Re: Why did Vanguard's Market Capitalization in their Portfolio Analysis change?

That is a good question. I see what you're talking about, and you're right about the reference numbers changing. It makes my portfolio look even more skewed. (Vanguard PortfolioWatch says that my US equities are 10.1% large, 38.3% mid, 51.6% small.) It has to be a definitional change for the market....
by jhfenton
Sat May 27, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Voyager Select vs Flagship
Replies: 32
Views: 5280

Re: Voyager Select vs Flagship

Dont you need 1000K (1mil) to get flagship?? m I am now Voyager Select. I could move $100K from my Ally savings account earning 1.05% to Vanguard prime mmf earning .97% and become Flagship. The difference in interest is less than $100/year. It would be a minor inconvenience to make the move. Vangua...
by jhfenton
Sat May 27, 2017 10:54 am
Forum: Investing - Theory, News & General
Topic: Wells Fargo Introduces New Fund Class
Replies: 5
Views: 1091

Re: Wells Fargo Introduces New Fund Class

Wells Fargo Advisors (WFC.N) will start offering a new share class of mutual funds next month as part of its plan to comply with the new U.S. Labor Department regulation that seeks to put the interests of retirement clients first, the bank confirmed Wednesday. So, previously, their other share clas...
by jhfenton
Sat May 27, 2017 10:46 am
Forum: Investing - Theory, News & General
Topic: CAPE adjusted stock/bond ratio
Replies: 14
Views: 1112

Re: CAPE adjusted stock/bond ratio

I was watching CNBC yesterday and Jeremy Seigel was on and it was pointed out that CAPE is going to radically change in approximately 18 months (barring another crisis I guess) because the data from the Great Recession Ages out. Thanks for bringing this up. Beyond all the other reasons why you migh...