Search found 4601 matches

by triceratop
Wed Aug 08, 2018 5:46 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 327
Views: 20623

Re: TSLA privatization

Here is the most informed analysis of the recent TSLA drama: Elon Musk Has Some Fun With Tesla by Matt Levine in Bloomberg
by triceratop
Wed Aug 08, 2018 5:31 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 327
Views: 20623

Re: Invest in Tesla?

Shouldn't a CEO be more focused on building a viable long-term business than going after short sellers? Short sellers distract the business from its long-term mission with attacks that try to push the stock price down. This could be misinformation or fake news to confuse potential buyers or sabotag...
by triceratop
Wed Aug 08, 2018 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Total Market Index Fund on Taxable Account
Replies: 19
Views: 1488

Re: Fidelity Total Market Index Fund on Taxable Account

So far I have USD 5,700 in Fidelity Total Market Index Fund (taxable account). I don't really have any complaints about it. My current plan is to invest USD 2500-USD 5,000 to this same fund in taxable account. I do have Roth-IRA and current 401K plan with Vanguard though. I have no personal prefere...
by triceratop
Wed Aug 08, 2018 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: University of California Retirement Plan Proprietary Funds
Replies: 19
Views: 2236

Re: University of California Retirement Plan Proprietary Funds

Perhaps this is worth a new thread, but I wanted to share that this week I attempted to purchase FZROX and FZILX through brokeragelink in by UCRP accounts, but Fidelity is not allowing them to be purchased any any of my three brokeragelink accounts (403b, 457b, or DCP). I contacted the UCRP office ...
by triceratop
Wed Aug 08, 2018 1:47 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

It's interesting that passiveTiger is opposed to bulk discounts as a matter of principle! Why do so many merchants offer them, but for market demand? Totally incorrect. I am definitely in favor of the share class with the greatest amount of assets (i.e., VTSAX Admiral Shares with $199.0 billion in ...
by triceratop
Wed Aug 08, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I'm not saying there aren't better options than VTSMX! You won't find me stating that. There of course are, for tax-advantaged investors. I would choose Schwab/Fidelity/iShares products over VTSMX. This all started because you claimed: But I do believe that Vanguard can lower its share class ERs and...
by triceratop
Wed Aug 08, 2018 12:55 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

It's interesting that passiveTiger is opposed to bulk discounts as a matter of principle! Why do so many merchants offer them, but for market demand? The Stacking Benjamin team also poked a few jokes at the people on the web/forums who are up in arms to support Vanguard when Fidelity is the cost lea...
by triceratop
Wed Aug 08, 2018 12:15 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

How do you know the Investor shares shareholders are subsidizing the Admiral shares investors, if you don’t know how many of each there are and the typical costs associated with each type of account? The overall ER of the Vanguard Total Stock Market Index Fund for all classes is 0.053%. Investors i...
by triceratop
Wed Aug 08, 2018 1:01 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

How do you know the Investor shares shareholders are subsidizing the Admiral shares investors, if you don’t know how many of each there are and the typical costs associated with each type of account?
by triceratop
Tue Aug 07, 2018 4:51 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 18890

Re: "Don't Obsess About Expense Ratios"

I’m afraid not. Do you have evidence for your assertion? By the way I never said they weren’t tax efficient — they are! But the question is tax efficiency relative to Vanguard. Fidelity Spartan funds regularly pay out capital gains distributions. To confirm this go to the fund page and look at the ...
by triceratop
Tue Aug 07, 2018 1:44 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Right, I saw that too but thanks for explaining it all for others. On some level we knew they were eating the costs, but it's unknown how large those costs are (except for the one listed). No fund actually costs zero, so this was never going to be at-cost. Apart from the unlikelihood that Vanguard w...
by triceratop
Tue Aug 07, 2018 1:05 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I was looking at the SEC filing on Edgar and saw how much it actually costs Fidelity for the investment advisor to run the funds. Under the terms of the sub-advisory agreements, for providing investment management services to Fidelity ZERO℠ International Index Fund and Fidelity ZERO℠ Total Market In...
by triceratop
Tue Aug 07, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: "What Fidelity's No-Cost Index Funds Mean for Investors"

What I hope it means for Vanguard...I hope they will respond by removing share classes. I have an account at Fidelity that has more than a million in it. I would love to move it to Vanguard but can’t stomach paying 14 basis points just for a total US index fund (VTSMX). Regards, John What kind of a...
by triceratop
Tue Aug 07, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: Vanguard Long-Term Treasury (VUSUX) beta = 3.20?
Replies: 15
Views: 1232

Re: Vanguard Long-Term Treasury (VUSUX) beta = 3.20?

It's arguably the wrong benchmark to consider, depending on what you're evaluating. If you want to look at the beta relative to the fund's benchmark, then look here: https://investor.vanguard.com/mutual-funds/profile/portfolio/vusux. It is 1.03. The aggregate bond index is different and has differen...
by triceratop
Tue Aug 07, 2018 9:03 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Lot of discussion on taxes which really impact only taxable investing. For someone investing for their IRA (which should be funded before taxable) these moves put the fidelity funds as the cheaper option. Combine that with the ability to get ITOT and IXUS (both at least as tax efficient as VTI) in ...
by triceratop
Tue Aug 07, 2018 12:43 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 18890

Re: "Don't Obsess About Expense Ratios"

I’m afraid not. Do you have evidence for your assertion? By the way I never said they weren’t tax efficient — they are! But the question is tax efficiency relative to Vanguard. Fidelity Spartan funds regularly pay out capital gains distributions. To confirm this go to the fund page and look at the “...
by triceratop
Tue Aug 07, 2018 12:23 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 18890

Re: "Don't Obsess About Expense Ratios"

Bottom line: STOP investing in vanguard going forward. Instead use the Fido funds. For those deep in accumulation phase this is god sent opportunity that you should grab with both hands. For mid age folks like me who cough up multiple thousands of dollars in fees to vanguard every year for our exis...
by triceratop
Mon Aug 06, 2018 9:31 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Hi all, I'm new here and have been reading into this thread as this topic interests me. Haven't really seen anyone focus on a nuance that for new/young investors such as myself, wouldn't being able to take advantage of the 0 minimums and exact asset allocation at Fidelity using FSTVX/FZROX, FTIPX/F...
by triceratop
Mon Aug 06, 2018 7:03 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 18890

Re: "Don't Obsess About Expense Ratios"

I like how Bogleheads philosophy has been "all things equal, keep your expense ratios as low as possible because that's the only thing you can control and best predictor of success, it's just math!" Then a non-Vanguard company comes out with lower fees and the forums are now full of "well actually ...
by triceratop
Mon Aug 06, 2018 6:48 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 18890

Re: "Don't Obsess About Expense Ratios"

He's so right. I'm almost afraid that this zero expense ratio thing might be a bait and switch. I don’t think it’s bait and switch. The funds pAy for themselves with securities lending rather than a management fee. They are very upfront about this. The downside is that the fund is taking a small am...
by triceratop
Mon Aug 06, 2018 6:47 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 18890

Re: "Don't Obsess About Expense Ratios"

Pre-Fidelity announcement: "Lowest expense ratio possible is essential!" Post-Fidelity announcement: "Actually, don't worry about them! Stay with Vanguard!" People have been using this strawman a lot, but they never cite who in the present discussions actually said it. I at least have pointed out o...
by triceratop
Mon Aug 06, 2018 6:39 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Could you please explain how the collateral return on investment can be negative if it is invested safely? I don't see it. I think you understood this but just to be clear, I was talking only about losses on the investment of collateral, not on securities lending losses due to the borrower's credit...
by triceratop
Mon Aug 06, 2018 5:00 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Hi all, I'm new here and have been reading into this thread as this topic interests me. Haven't really seen anyone focus on a nuance that for new/young investors such as myself, wouldn't being able to take advantage of the 0 minimums and exact asset allocation at Fidelity using FSTVX/FZROX, FTIPX/F...
by triceratop
Mon Aug 06, 2018 2:32 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Securities lending losses can exceed collateral even if the collateral invested safely. That’s why Vanguard is conservative with its securities lending strategy, only taking enough risk to cover ER and index tracking error that results from transaction cost. Could you please explain how the collate...
by triceratop
Mon Aug 06, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Jim Dahle, M.D. (White Coat Investor) has a great blog post today putting all this in perspective... https://www.whitecoatinvestor.com/expense-ratios/ The article is a great synthesis of this thread. Better than this thread, more facts and no vitriol. I just read that WCI post. If by "more facts" y...
by triceratop
Mon Aug 06, 2018 11:23 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Moving Fido indexes to zero expense funds

I have followed the Fidelity Zero fund thread and concluded that there is NO reason not to move my FSTVX (total market) and FSGDX (Global ex-US) to the new equivalent, zero expense funds. I prefer to keep my funds with Fido. Am I missing anything as I am above to exchange the existing funds to the ...
by triceratop
Mon Aug 06, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Overall great post by WCI which really gets the big picture. A few quibbles. Unfortunately the tax efficiency numbers are inaccurate. Also, it doesn't make one a critic to point out you shouldn't be talking about comparing a 1-year ER versus a 15-year tracking error number, when the ER only recently...
by triceratop
Mon Aug 06, 2018 10:28 am
Forum: Investing - Theory, News & General
Topic: Jamie Dimon: Higher rates are coming
Replies: 42
Views: 6523

Re: Jamie Dimon: Higher rates are coming

TomatoTomahto wrote:
Mon Aug 06, 2018 10:26 am
Some posters on this web site like to claim that Elon Musk is a huckster and snake oil salesman. Jamie Dimon.
Both can of course be true.
by triceratop
Mon Aug 06, 2018 9:33 am
Forum: Investing - Theory, News & General
Topic: Treasury Bonds are the Only Bonds You Need
Replies: 112
Views: 11284

Re: Treasury Bonds are the Only Bonds You Need

Article argues that you should probably use Treasuries as your bond allocation and forget about aggregate bond index funds, for the two reasons below. I recall that Larry Swedroe made the same point about bonds. This has always been my approach since reading Larry, and I'm glad to see supporting ev...
by triceratop
Mon Aug 06, 2018 8:16 am
Forum: Investing - Help with Personal Investments
Topic: fidelity zero index - no accum gains - advantage?
Replies: 26
Views: 2494

Re: fidelity zero index - no accum gains - advantage?

I suspect the distribution of tax brackets of those investing in taxable accounts is different from the overall population. There are marginal cases where one does not have access to retirement programs, but the number of overall taxpayers in the 0% LTCG bracket is not really meaningful to this anal...
by triceratop
Mon Aug 06, 2018 1:15 am
Forum: Investing - Help with Personal Investments
Topic: fidelity zero index - no accum gains - advantage?
Replies: 26
Views: 2494

Re: fidelity zero index - no accum gains - advantage?

I don't know if you've ever looked at triceratop's tax-efficiency spreadsheet, but it may be useful in illustrating this point. When I plug in my numbers, the ER for VTSAX is a fraction of the total holding cost for me (4 out of 36 bps) and for FSTVX (3.5 out of 46 bps). Eliminating the ER on the l...
by triceratop
Mon Aug 06, 2018 12:26 am
Forum: Investing - Help with Personal Investments
Topic: fidelity zero index - no accum gains - advantage?
Replies: 26
Views: 2494

Re: fidelity zero index - no accum gains - advantage?

I don't know if you've ever looked at triceratop's tax-efficiency spreadsheet, but it may be useful in illustrating this point. When I plug in my numbers, the ER for VTSAX is a fraction of the total holding cost for me (4 out of 36 bps) and for FSTVX (3.5 out of 46 bps). Eliminating the ER on the l...
by triceratop
Sun Aug 05, 2018 10:13 pm
Forum: Investing - Theory, News & General
Topic: Has Vanguard fixed their cost basis issues?
Replies: 4
Views: 597

Re: Has Vanguard fixed their cost basis issues?

I was thinking the other day that it's been several months since we've had a thread with somebody complaining about a cost-basis error at Vanguard. Is that true? If so, it might be a sign of some progress on addressing the the issues that a number of people have had in this area (including me) over...
by triceratop
Sun Aug 05, 2018 6:31 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

The Vanguard CIO did respond. (see bloomberg link)

What drk is saying is that responding in-kind means slashing Vanguard expense ratios to zero. That is unlikely to happen, for now anyway.
by triceratop
Sun Aug 05, 2018 5:33 pm
Forum: Personal Consumer Issues
Topic: Maui Hawaii Trip - How to save money?
Replies: 52
Views: 4664

Re: Maui Hawaii Trip - How to save money?

Be aware that doing the circuit, the "Oheo Gulch" route, may violate your rental car agreement.

I have found that one can obtain a lot of fun for free by going to the beach.
by triceratop
Sun Aug 05, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: WSJ - How Brokers Make More On Your Cash Than You Do.
Replies: 28
Views: 3959

Re: WSJ - How Brokers Make More On Your Cash Than You Do.

There's a fintech startup that is relevant to this space: Jiko would allow you to earn treasury yields on cash savings. I guess a brokerage which cared about its customers could buy it or make something similar to provide a full integrated platform for personal finance; not sure how much money it wo...
by triceratop
Sun Aug 05, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: What prevents residential real estate buyers from colluding to bring down prices?
Replies: 32
Views: 2564

Re: What prevents residential real estate buyers from colluding to bring down prices?

I don't know anything about the legality, but there's a collective action problem among the buyers you would need to solve.
by triceratop
Sun Aug 05, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: WSJ - How Brokers Make More On Your Cash Than You Do.
Replies: 28
Views: 3959

Re: WSJ - How Brokers Make More On Your Cash Than You Do.

Dottie57 wrote:
Sun Aug 05, 2018 4:11 pm
triceratop wrote:
Sun Aug 05, 2018 4:09 pm
pro-tip: you can get around the WSJ paywall with https://github.com/arthurpham/wsjUnblock
I have to join github :(
No you don't; the "Clone or Download" link still works without an account.
by triceratop
Sun Aug 05, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: WSJ - How Brokers Make More On Your Cash Than You Do.
Replies: 28
Views: 3959

Re: WSJ - How Brokers Make More On Your Cash Than You Do.

This is referring to excess cash in brokerage accounts, whether IRA or taxable account. It is not referring to cash in money market funds nor to cash in mutual fund holdings. For example I could hold $2000 in my Marcus online savings account earning 1.8% and then ACH into my brokerage account when I...
by triceratop
Sun Aug 05, 2018 3:52 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I would love to see a Boglehead with time to kill purchase an equal amount of VTSAX and the Fidelity Zero fund and track them monthly for a year or two. Come on, somebody has to do this as a public service. I would do it but I don't have a Fidelity account. I don't get it. Why not use quotes.mornin...
by triceratop
Sun Aug 05, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: How do you keep your math skills sharp?
Replies: 29
Views: 1503

Re: How do you keep your math skills sharp?

Do I really need to remember Laplace transforms in retirement? (really didn’t need them after grad school...) {Fourier transforms, yes....and statistics... but nothing now in retirement} That's funny because Fourier transforms are just (modulo the technical details needed to apply Paley-Wiener) bil...
by triceratop
Sun Aug 05, 2018 3:41 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I would love to see a Boglehead with time to kill purchase an equal amount of VTSAX and the Fidelity Zero fund and track them monthly for a year or two. Come on, somebody has to do this as a public service. I would do it but I don't have a Fidelity account. I don't get it. Why not use quotes.mornin...
by triceratop
Sun Aug 05, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 6734

Re: Best way to lose $200 in taxable income?

Lose $200 in investments. Then tax loss harvest. I think it might be easier to find ways to lose money than to make money. downside: you'll be out $200. But, you don't care about that right? What's a sure way to lose money? The only sure way I've found is to try to make money. I'm afraid if I try t...
by triceratop
Sun Aug 05, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 6734

Re: Best way to lose $200 in taxable income?

Lose $200 in investments. Then tax loss harvest. I think it might be easier to find ways to lose money than to make money.

downside: you'll be out $200. But, you don't care about that right?
by triceratop
Sun Aug 05, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: How do you keep your math skills sharp?
Replies: 29
Views: 1503

Re: How do you keep your math skills sharp?

This is a fun topic; thanks to the OP for asking. I personally am doing a Ph.D. in math to keep my skills sharp. But this isn't even enough -- my supervisor suggested the other day I TA a particular class not just for the teaching experience but to remind myself of things I may have forgotten while ...
by triceratop
Sun Aug 05, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52434

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

What caused the collapse of AIG during the global financial crisis? The company’s credit default swaps are generally cited as playing a major role in the collapse, losing AIG $30 billion. But they were not the only culprit. Securities lending, a less-discussed facet of the business, lost AIG $21 bi...
by triceratop
Sun Aug 05, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 6928

Re: "Skin in the game"

A student that is motivated for success, doen't need "skin in the game". An actionable spin on this is that if you instill in your child a love of learning, passion for knowledge and understanding, and curiosity about the world then no matter what they study they will have “skin in the game”. By th...
by triceratop
Sun Aug 05, 2018 3:27 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7191

Re: The stock market is shrinking.

2. What can/should an investor do other than diversify as widely as possible? 2. IMHO, concentrating is better than diversifying. The actionable, money quote is: "Aside from the top 200 companies, the rest of the market, as a whole, is burning, not earning, money." This tells me that the individual...
by triceratop
Fri Aug 03, 2018 11:38 pm
Forum: Investing - Theory, News & General
Topic: How does one become a financial advisor?
Replies: 34
Views: 2262

Re: How does one become a financial advisor?

Fortunately, at the lowest level, one can do such things on a site called bogleheads.org.