Search found 4878 matches

by triceratop
Thu Nov 01, 2018 9:19 pm
Forum: Investing - Theory, News & General
Topic: New Factor Funds vs Regular SCV tilting
Replies: 10
Views: 1183

Re: New Factor Funds vs Regular SCV tilting

1) Why is this described as "active," rather than saying "we calculate our own in-house index daily, so that we can track it daily, rather than following an index provider's index that is reconstituted quarterly?" If they said that, someone would probably ask: 1) Why is this described as "we calcul...
by triceratop
Wed Oct 31, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating ROI for PhD
Replies: 86
Views: 4847

Re: Calculating ROI for PhD

For others seeking ROI calculation (Not the OP): If you are single and looking for an interesting future spouse with high earning potential, you are likely to meet another Ph.D. with these qualities in a Ph.D. program. Again, the ROI is incalculable. :) Note: if one pursues this strategy, then ther...
by triceratop
Wed Oct 31, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: Market Performance
Replies: 9
Views: 794

Re: Market Performance

This is well understood: Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? -- Robert Shiller [1980] The mistake is in thinking you need to care about short-term market movement as a long-term investor hoping to capture earnings growth and shareholder return. I didn't ...
by triceratop
Wed Oct 31, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Is it okay to use backdoor Roth if ultimately below income limits?
Replies: 20
Views: 1139

Re: Is it okay to use backdoor ROTH if ultimately below income limits?

Let's focus on helping the OP understand better the strategy s/he is considering rather than critique how we each are helping them. And please, avoid personal attacks per the forum rules
by triceratop
Wed Oct 31, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating ROI for PhD
Replies: 86
Views: 4847

Re: Calculating ROI for PhD

Great thread; youve gotten a lot of useful comments here. I was very naive in my 20s and never considered ROI when pursuing a PhD. I was a dreamer, an idealist, not at all pragmatic. I ended up spending way too much time in grad school, and now looking back in the rearview mirror, I incontrovertibl...
by triceratop
Wed Oct 31, 2018 9:57 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting from ETF to Mutual Fund
Replies: 18
Views: 1279

Re: Tax Loss Harvesting from ETF to Mutual Fund

Or one could have a preference against high-variance outcomes and choose markets where the spread is tighter, so one ensures that one is not the one who is ripped off.
by triceratop
Tue Oct 30, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: Who has gotten the most value out of a car?
Replies: 48
Views: 3280

Re: Who has gotten the most value out of a car?

Bought a 2001 Honda Civic with ~280k miles for $500... Insurance has averaged ~$650/yr... That insurance rate is steep for what I trust is just liability. I'm guessing you live in Michigan. I used to live in Ann Arbor and the insurance was awful. I'm in California. Perhaps my low age has something ...
by triceratop
Tue Oct 30, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: Is the growing national debt a reason to diversify with international?
Replies: 33
Views: 3425

Re: Is the growing national debt a reason to diversify with international?

... - there are recurrent debt ceiling crises between the Legislative and the Executive - this can lead to "technical defaults" (but has not, yet) ... If I may, there was nothing technical about the threatened default. Any failure to pay in full on time is a full-fledged default, and doesn't take a...
by triceratop
Tue Oct 30, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: ETF provider State Street unintentionally promotes traditional index funds
Replies: 38
Views: 2770

Re: ETF provider State Street unintentionally promotes traditional index funds

ETF's are much more portable then Mutual Funds, which is why I went with them. I can trade my Ishares ETF portfolio for free at Vanguard, Merrill Edge, Fidelity, M1 Finance. If I have Vanguard Admiral Shares..my only real option is the Vanguard platform. If I ever want to leave them, I am kinda out...
by triceratop
Tue Oct 30, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: ETF provider State Street unintentionally promotes traditional index funds
Replies: 38
Views: 2770

Re: ETF provider State Street unintentionally promotes traditional index funds

It's going to put a major cramp in ETF-basher's style if ETFs ever only refers to mostly vanilla stock/bond investment company funds rather than all the crazy ETPs that critics like to lump in with ETFs.
by triceratop
Tue Oct 30, 2018 2:21 pm
Forum: Personal Consumer Issues
Topic: Who has gotten the most value out of a car?
Replies: 48
Views: 3280

Re: Who has gotten the most value out of a car?

Bought a 2001 Honda Civic with ~280k miles for $500. I have driven it for 4 years. Insurance has averaged ~$650/yr and my gas mileage has been ~32mpg.

Tough to beat. Of course, it has no AC.
by triceratop
Tue Oct 30, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Calculating ROI for PhD
Replies: 86
Views: 4847

Re: Calculating ROI for PhD

Don't get a PhD for the ROI. Do it so you can study what you want and never have a boss. Yep. I could make multiples what I do currently in grad school, but I wouldn't be able to work on nearly the kinds of interesting algorithms, math, or science that I can as a grad student. I spent 2 weeks almos...
by triceratop
Tue Oct 30, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: ETF provider State Street unintentionally promotes traditional index funds
Replies: 38
Views: 2770

Re: ETF provider State Street unintentionally promotes traditional index funds

One more problem with ETFs is their pricing relative to NAV. I am not sure whether as an individual investor I can buy/sell them to my advantage. What if I buy at a premium and sell at a discount to NAV, that adds to the cost? I was trying to convert my VNQI to Admiral shares and found that Vanguar...
by triceratop
Tue Oct 30, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Calculating ROI for PhD
Replies: 86
Views: 4847

Re: Calculating ROI for PhD

Don't get a PhD for the ROI. Do it so you can study what you want and never have a boss. Yep. I could make multiples what I do currently in grad school, but I wouldn't be able to work on nearly the kinds of interesting algorithms, math, or science that I can as a grad student. I spent 2 weeks almos...
by triceratop
Tue Oct 30, 2018 10:15 am
Forum: Investing - Theory, News & General
Topic: ETF provider State Street unintentionally promotes traditional index funds
Replies: 38
Views: 2770

Re: ETF provider State Street unintentionally promotes traditional index funds

There are costs to buy and hold ETFs that go beyond expense ratios and commissions. These include bid-ask spreads, execution cost, creation and redemption fees, etc. You would think an ETF provider wouldn't advertise those costs, but that's exactly what State Street Global is doing in their new ETF...
by triceratop
Tue Oct 30, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: ETF provider State Street unintentionally promotes traditional index funds
Replies: 38
Views: 2770

Re: ETF provider State Street unintentionally promotes traditional index funds

Using Vanguard ETF's also allows for easier tax loss harvesting in my taxable account. I can sell VTI and immediately see how much I money to have to buy ITOT. I actually don't see an advantage there. If I'm TLH'ing, and care about the exact dollar amount I'm working with, that is much simpler with...
by triceratop
Mon Oct 29, 2018 7:34 pm
Forum: Personal Consumer Issues
Topic: Ancestry DNA changed my background
Replies: 32
Views: 4431

Re: Ancestry DNA changed my background

I removed some off-topic comments. Please remember, even as you hang out near the water cooler, to keep the forum family-friendly.
by triceratop
Sun Oct 28, 2018 2:25 pm
Forum: Personal Consumer Issues
Topic: Honda Odyssey which trim level
Replies: 9
Views: 1033

Re: Honda Odyssey which trim level

This topic is now moved to the Personal Consumer Issues forum.
by triceratop
Sat Oct 27, 2018 9:18 pm
Forum: Personal Consumer Issues
Topic: How many miles (total) on car before buying another car ?
Replies: 114
Views: 7222

Re: How many miles (total) on car before buying another car ?

I own a Honda Civic with over 300k miles on it. I do not worry about it being stolen -- who steals such an obviously old (18 years) car? If it is stolen, I also have not lost much money. In my friend group it also yields a car which can travel to less nice parts of the city with my friends who own a...
by triceratop
Sat Oct 27, 2018 8:32 pm
Forum: Investing - Theory, News & General
Topic: Evaluating Tax Efficiency of Index Funds and ETFs
Replies: 7
Views: 601

Re: Evaluating Tax Efficiency of Index Funds and ETFs

Triceratop, Is there a publicly available number (perhaps morningstar’s tax cost ratio?) that’s an approximation of tax efficiency? Is there a sample calculation for how you calculated tax efficiency? Thanks in advance. scrp21: I use Morningstar to get a rough idea of a fund's tax-efficiency. If yo...
by triceratop
Sat Oct 27, 2018 8:07 pm
Forum: Investing - Theory, News & General
Topic: Evaluating Tax Efficiency of Index Funds and ETFs
Replies: 7
Views: 601

Re: Evaluating Tax Efficiency of Index Funds and ETFs

Triceratop, Is there a publicly available number (perhaps morningstar’s tax cost ratio?) that’s an approximation of tax efficiency? Is there a sample calculation for how you calculated tax efficiency? Thanks in advance. There is my number which is publicly available. Morningstar's numbers are famou...
by triceratop
Sat Oct 27, 2018 7:30 pm
Forum: Investing - Theory, News & General
Topic: Evaluating Tax Efficiency of Index Funds and ETFs
Replies: 7
Views: 601

Re: Evaluating Tax Efficiency of Index Funds and ETFs

I'm having a hard time understanding the data behind the rankings. What data is causing you trouble? Is your question the following? But I am having a hard time putting this all together so that I can quantitatively compare the tax efficiency of, for example, IXUS versus FTIPX using Fidelity's webs...
by triceratop
Sat Oct 27, 2018 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Tax Loss Harvesting for VWO
Replies: 21
Views: 1558

Re: Help with Tax Loss Harvesting for VWO

Qs 1: I am planning to sell VWO for TLH and buy some other IndexFund/MF. Please advise if it is a good idea? Will appreciate some ETF/ Vanguard MF recommendations! Is VTIAX or VXUS good option? I would not consider those appropriate. Developed and Emerging markets can behave much differently. I woul...
by triceratop
Fri Oct 26, 2018 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Best Total International Stock ETF
Replies: 16
Views: 1243

Re: Best Total International Stock ETF

We may be dancing on the head of a needle between the two funds. There are differences between the funds which consistently have yielded better after-tax returns. I see no reason to advocate ignoring that, as you appear to be doing. Hi triceratop - Not ignoring but really questioning how material t...
by triceratop
Fri Oct 26, 2018 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: For those waiting for a 'correction' ...
Replies: 88
Views: 12436

Re: For those waiting for a 'correction' ...

amateurnovice wrote:
Fri Oct 26, 2018 3:40 pm
Can talking about a "correction" be considered as taboo as talking about economic policy and politics? It's basically in the same league - conjecture, meant to rile up, etc.
No.

I myself, I will be buying on Tuesday.
by triceratop
Fri Oct 26, 2018 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Best Total International Stock ETF
Replies: 16
Views: 1243

Re: Best Total International Stock ETF

abuss368 wrote:
Fri Oct 26, 2018 1:30 pm
We may be dancing on the head of a needle between the two funds.
There are differences between the funds which consistently have yielded better after-tax returns. I see no reason to advocate ignoring that, as you appear to be doing.
by triceratop
Fri Oct 26, 2018 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Best Total International Stock ETF
Replies: 16
Views: 1243

Re: Best Total International Stock ETF

I use the same reasoning as stlutz does -- she's 100% correct.
by triceratop
Thu Oct 25, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 17390

Re: Why I'm 100% stocks

I have a 90-100% stock allocation too. My situation: 40 years from retirement, stable job for next 2 years, likely not buying a home for 5-7 years. It makes sense in that I save excess funds from my income relative to current consumption levels. "Risk" doesn't mean anything to me as I have no need f...
by triceratop
Thu Oct 25, 2018 12:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: Who/what made the helpful culture of Bogleheads?
Replies: 29
Views: 2001

Re: Who/what made the helpful culture of Bogleheads?

I have always been inquisitive, but what I found at BH is a system that works for me but is also totally transferable . That keeps me around to help others. I think all natural teachers get great joy when "the lights come on". Separately, the heavy moderation policy keeps the threads on the shared ...
by triceratop
Wed Oct 24, 2018 7:10 pm
Forum: Personal Consumer Issues
Topic: Mint Mobile feedback
Replies: 15
Views: 1160

Re: Mint Mobile feedback

I have the 2GB service and find it completely adequate. I found it marginally more expensive than Tello for my needs, but the hassle of worrying about overages with Tello was not worth the $1-2/mo. in expected savings relative to Mint.
by triceratop
Wed Oct 24, 2018 6:25 pm
Forum: Investing - Theory, News & General
Topic: Retirement bonds, aka SeLFIES
Replies: 77
Views: 9849

Re: Retirement bonds, aka SeLFIES

Merton's talk had three components: (1) an overview of how financial engineering has benefited society (2) a proposal for a new type of retirement bond, called a SeLFIE, and (3) a discussion of models of trust in a fintech / AI future. I enjoyed all three sections of the talk immensely. Merton stres...
by triceratop
Wed Oct 24, 2018 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Fundamental indexing when prices are rich and 6 stocks generate 98% of 2018 S&P 500 gains
Replies: 4
Views: 707

Re: Fundamental indexing when prices are rich and 6 stocks generate 98% of 2018 S&P 500 gains

Here are 2018 YTD returns for VTI (Total Stock Market), SP500, and VEXMX (Vanguard Completion Index: i.e. VTI minus SP500). Yes, SP500 outperformed its set complement in the universe of all stocks, but not by a degree which you are expected to conclude by the "98% of 2018 S&P 500 gains" phrases that...
by triceratop
Wed Oct 24, 2018 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Fundamental indexing when prices are rich and 6 stocks generate 98% of 2018 S&P 500 gains
Replies: 4
Views: 707

Re: Fundamental indexing when prices are rich and 6 stocks generate 98% of 2018 S&P 500 gains

The S&P500 index is a cap-weighted index. Something like 50% of the market cap is represented by about 50 stocks. It's not surprising that a small number of stocks represent the overwhelming majority of gains in such an index. The mistake is in taking that fact and thinking it implies in any way tha...
by triceratop
Tue Oct 23, 2018 3:26 pm
Forum: Investing - Theory, News & General
Topic: Do you use mobile apps to assist with your investments?
Replies: 27
Views: 2361

Re: Do you use mobile apps to assist with your investments?

My mobile is much less secure than logging in through my desktop. I do not even know the (complex, 20+ character-length) passwords to my financial accounts, and rely on a hardware key to unlock the encrypted passwords for every use. (The one exception to this is Venmo, where I do use mobile). So no,...
by triceratop
Tue Oct 23, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: Making loose leaf tea
Replies: 32
Views: 1709

Re: Making loose leaf tea

Upton Tea has sampler kits. For robust tea, try the British Blend; for a more elegant trial, try Oolong or Darjeeling; for the most delicate, try Green. Using a french press to brew tea is like using a hammer to drive a screw: not recommended. Get a teapot. MJS, I disagreed. It depends on the space...
by triceratop
Tue Oct 23, 2018 12:38 pm
Forum: Personal Consumer Issues
Topic: Making loose leaf tea
Replies: 32
Views: 1709

Re: Making loose leaf tea

Upton Tea has sampler kits. For robust tea, try the British Blend; for a more elegant trial, try Oolong or Darjeeling; for the most delicate, try Green. Using a french press to brew tea is like using a hammer to drive a screw: not recommended. Get a teapot. MJS, I disagreed. It depends on the space...
by triceratop
Mon Oct 22, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Best broker for buying US Treasures
Replies: 10
Views: 1020

Re: Best broker for buying US Treasures

If you buy treasuries at auction at the brokerages you listed, there are no fees.
by triceratop
Thu Oct 18, 2018 6:52 pm
Forum: Investing - Theory, News & General
Topic: So...what’s Plan B [for your retirement security]?
Replies: 32
Views: 3542

Re: So...what’s Plan B [for your retirement security]?

^^To clarify the question, I edited the thread title.
by triceratop
Thu Oct 18, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: What do index funds do when firm's market cap drops?
Replies: 17
Views: 1539

Re: What do index funds do when firm's market cap drops?

Not that anyone is keeping score, but that was my point. It's a good point that this discussion of reinvestment of dividends by mutual funds/ETFs is tied directly back to the OP's question since otherwise market cap would drift during the year, before distributions by the mutual funds/ETFs would be ...
by triceratop
Thu Oct 18, 2018 5:46 pm
Forum: Investing - Theory, News & General
Topic: What do index funds do when firm's market cap drops?
Replies: 17
Views: 1539

Re: What do index funds do when firm's market cap drops?

Regarding the S&P 500 index Total Return, an interesting factoid is that there are a couple different S&P 500 Total Return indexes that represent different periods where the 'Total Return' index followed a different scheme reinvesting dividends http://www.cftech.com/index.php/the-brainbank-archive/...
by triceratop
Thu Oct 18, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: What do index funds do when firm's market cap drops?
Replies: 17
Views: 1539

Re: What do index funds do when firm's market cap drops?

If a company pays dividends, and those dividends must be reinvested in weighted portfolio, would the top performers receive a benefit from the dividend payers? Dividends are not reinvested in typical mutual funds or ETFs. They are distributed to the shareholders. This is not exactly true. Dividends...
by triceratop
Wed Oct 17, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Finally ready to start investing in RothIRA (23yrs old)
Replies: 34
Views: 2224

Re: Finally ready to start investing in RothIRA (23yrs old)

Hello from another graduate research assistant. Sounds like you're set for earned income for 2018. For 2019, your stipend may represent earned income, especially if it is W-2 income. However if you have a fellowship of any kind things can get complicated (still worth having the fellowship, of cours...
by triceratop
Wed Oct 17, 2018 12:05 am
Forum: Investing - Theory, News & General
Topic: Dividend withholding makes actual ER of Total International 0.32%?
Replies: 7
Views: 1089

Re: Dividend withholding makes actual ER of Total International 0.32%?

I've frequently made that argument. One of the retorts, is if you hold international in a taxable account, you can claim a credit for much of the foreign withholding on your income taxes. I think if you're going to make this retort (not saying you are, but the people making the retort to you), you ...
by triceratop
Tue Oct 16, 2018 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?
Replies: 55
Views: 2978

Re: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?

Unfortunately thanks to bogleheads.org I learned that it is not allowed to buy a lottery ticket as an asset in a self-directed Roth IRA. So, I will not be buying a ticket. If I had been able to buy inside a Roth IRA, I would play the lottery simply because of the satisfaction it would give me for pl...
by triceratop
Tue Oct 16, 2018 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: 6 month Treasury Note: "Bond" or "Cash"?
Replies: 47
Views: 3745

Re: 6 month Treasury Note: "Bond" or "Cash"?

Given the certainty with which you've asserted your viewpoints I would like to see a reference. You stated that all deposits are cash and that it is synonymous with FDIC insurance, but I don't see the equivalence as at all true since there are two dimensions to fixed income and FDIC insurance only ...
by triceratop
Tue Oct 16, 2018 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Finally ready to start investing in RothIRA (23yrs old)
Replies: 34
Views: 2224

Re: Finally ready to start investing in RothIRA (23yrs old)

Hello from another graduate research assistant. Sounds like you're set for earned income for 2018. For 2019, your stipend may represent earned income, especially if it is W-2 income. However if you have a fellowship of any kind things can get complicated (still worth having the fellowship, of course...
by triceratop
Mon Oct 15, 2018 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: 6 month Treasury Note: "Bond" or "Cash"?
Replies: 47
Views: 3745

Re: 6 month Treasury Note: "Bond" or "Cash"?

This definition of money markets vs. capital markets, which I've previously described briefly , is consistent with my investment textbooks. I would prefer to cite those as references, but everyone doesn't have access to them. Given the stubborn unteachability with which you seem to be approaching t...
by triceratop
Mon Oct 15, 2018 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Exchanging VT total world stock for VTI & VXUS
Replies: 14
Views: 858

Re: Exchanging VT total world stock for VTI & VXUS

IMO, the biggest reason to split VT is to reduced the expense ratio. You can adjust the drift over long periods if you choose, but I think it will take a decade for that effect to exceed the few basis points in fees. There's also foreign tax, but that's another small factor. Enjoy simplicity or enj...
by triceratop
Mon Oct 15, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Exchanging VT total world stock for VTI & VXUS
Replies: 14
Views: 858

Re: Exchanging VT total world stock for VTI & VXUS

Why do you believe the following? As I've learned more, I realize that I may want the flexibility to selectively sell US or International when I'm in retirement. I'm not the OP, but I believe this year provides a good example. If I were in retirement, would I prefer to sell US or sell ex-US this ye...