Search found 1171 matches

by Whakamole
Tue Aug 06, 2019 11:49 am
Forum: Investing - Theory, News & General
Topic: "4 Financial Worries to Cross Off Your List"
Replies: 21
Views: 4718

Re: "4 Financial Worries to Cross Off Your List"

Whenever Roth taxation gets mentioned, I just roll my eyes. It would essentially break a huge part of the retirement system and result in a net reduction of revenue over decades after it was introduced. People would adapt and put more money into 401k's, tIRA's, and HSA's and suck up near and interm...
by Whakamole
Mon Aug 05, 2019 1:33 pm
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 152
Views: 23058

Re: International stocks in free fall

Not again :oops:

On the plus side, TLH earlier this year moving from VTIAX to VFWAX - and now another TLH trade, moving back to VTIAX. :sharebeer
by Whakamole
Mon Aug 05, 2019 1:30 pm
Forum: Investing - Theory, News & General
Topic: Clements, HumbleDollar, viewing Vanguard with unease: "Whither Vanguard?"
Replies: 54
Views: 8089

Re: Clements, HumbleDollar, viewing Vanguard with unease: "Whither Vanguard?"

I'm only using Vanguard for access to the active funds such as Wellington/Wellesley and the moderate growth fund (VSGMX?). I gave up on mutual funds in taxable accounts many, many years ago when I would get hit with a lot of capital gains even in down years. With stocks and ETFs I can manage things...
by Whakamole
Fri Aug 02, 2019 4:12 pm
Forum: Personal Consumer Issues
Topic: "Earth First" Brand Toilet Paper @ Costco
Replies: 24
Views: 2443

Re: "Earth First" Brand Toilet Paper @ Costco

Doing my part to sequester carbon :sharebeer
by Whakamole
Mon Jul 29, 2019 1:02 pm
Forum: Investing - Theory, News & General
Topic: "Three Proofs That TSM Is Efficient"
Replies: 43
Views: 4776

Re: "Three Proofs That TSM Is Efficient"

We give three proofs that, under three different assumptions, TSM is efficient, in the sense that no other US stock portfolio can be more efficient than TSM (have lower risk and higher expected return).
I thought Fama said that the outperformance he observed was due to added risk.
by Whakamole
Sun Jul 28, 2019 9:06 pm
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 20997

Re: Why Mr. Bogle prefers U.S stocks

I'm waiting for the post on how we'll become millionaires by buying a cheaper car.
by Whakamole
Fri Jul 26, 2019 9:21 pm
Forum: Personal Consumer Issues
Topic: Uber Without Smartphone
Replies: 103
Views: 8590

Re: Uber Without Smartphone

FYI, once I was in a foreign country without a cell data plan. I was able to use Uber because I had Wifi where I was staying. There was also Wifi at the destination (airport) but I don't think that made a difference.
by Whakamole
Tue Jul 23, 2019 6:27 am
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 217
Views: 22874

Re: Has anyone seen the documentary "Playing with FIRE?"

(Biking to the store out of necessity for lack of gas money and having to work on someone's house to take my kids to Hawaii is cetainly not how I would define success nor happiness. Different strokes for different folks.). Trading labor for a vacation trip is no different than what those of us who ...
by Whakamole
Fri Jul 19, 2019 9:32 am
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 217
Views: 22874

Re: Has anyone seen the documentary "Playing with FIRE?"

The other main thing I want to call attention to, to people considering "FIRE", is don't be duped. Maybe of the top advocates (an arguably the most popular one of them), aren't even close to retired, and one has "earned" income that absolutely dwarfs my own. I actually can only think of 1 popular F...
by Whakamole
Fri Jul 19, 2019 8:43 am
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 217
Views: 22874

Re: Has anyone seen the documentary "Playing with FIRE?"

I really am not motivated to spend time (much less money) to watch someone who is just starting to learn about FIRE describe how excited they are by the concept or expound on a lot of their ideas for how to achieve it without any real experience doing so. It seems like everyone who thinks they migh...
by Whakamole
Wed Jul 17, 2019 12:36 am
Forum: Personal Consumer Issues
Topic: Email from LastPass
Replies: 4
Views: 1417

Re: Email from LastPass

1Password has a write-up: https://support.1password.com/pbkdf2/

Short version: it's to improve security. Taking a bit longer is a feature in this case.
by Whakamole
Tue Jul 16, 2019 8:27 am
Forum: Investing - Theory, News & General
Topic: Fidelity Expands Their Index Fund Lineup
Replies: 70
Views: 11584

Re: Fidelity Expands Their Index Fund Lineup

Hurray! Small Cap Value Index (FISVX) looks promising from the name. It could be a good alternative to IJS for those who tilt but don't want to use ETFs in their accounts. Why are some people afraid to use ETFs? This thread is on the main page, and has a lot of discussion about ETFs vs. mutual fund...
by Whakamole
Mon Jul 15, 2019 10:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard: Exploring falling ETF costs
Replies: 1
Views: 765

Vanguard: Exploring falling ETF costs

This article was just published on Vanguard's Advisors site: https://advisors.vanguard.com/VGApp/iip/site/advisor/researchcommentary/article/IWE_InvComExplngFllngETFSCsts The summary says it best: The ETF vehicle, and its powerful role in democratizing indexing as a strategy, has chipped away at cos...
by Whakamole
Mon Jul 15, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 85
Views: 8764

Re: Tenant turned off all utilities advice please!!

He should probably consult a local landlord/tenant attorney to discuss his options.
by Whakamole
Sat Jul 13, 2019 2:48 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 32401

Re: Americans believe they need $1.7 million, on average, to retire

As I noted above, half of the households in the U.S. are already earning under $60k annually right now, so $60k would likely be enough for many. That includes homeless, people who are on government support like WIC and section 8 housing, etc. True, but there are still tens of millions of households...
by Whakamole
Sat Jul 13, 2019 12:06 pm
Forum: Investing - Theory, News & General
Topic: Index Fund Creator Jack Bogle Didn't Like ETFs Being Used For Speculation
Replies: 84
Views: 4660

Re: Index Fund Creator Jack Bogle Didn't Like ETFs Being Used For Speculation

Institutions do trade ETFs, I remember Bob Brinker's comments on MoneyTalk that the S&P 500 SPDRs traded like water. Which they have to. When an individual investor buys/sells an ETF, they're not getting NAV direct from the company that runs the ETF. They're buying and selling shares on the open ma...
by Whakamole
Sat Jul 13, 2019 11:57 am
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 32401

Re: Americans believe they need $1.7 million, on average, to retire

willthrill81 wrote: Sat Jul 13, 2019 10:17 am As I noted above, half of the households in the U.S. are already earning under $60k annually right now, so $60k would likely be enough for many.
That includes homeless, people who are on government support like WIC and section 8 housing, etc.
by Whakamole
Sat Jul 13, 2019 10:04 am
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 32401

Re: Americans believe they need $1.7 million, on average, to retire

“Two Million Dollars is Nothing. It’s Pennies,” says Suze Orman. context is the fire community. I'm looking for the loco emoji https://affordanything.com/two-million-dollars-is-nothing-its-pennies-says-suze-orman/ “But if you only have a few hundred thousand dollars, or a million, or $2 million, I’...
by Whakamole
Sat Jul 13, 2019 9:23 am
Forum: Investing - Theory, News & General
Topic: Vanguard account “Your mutual funds are eligible for tax-free conversion to ETFs”
Replies: 21
Views: 3046

Re: Vanguard account “Your mutual funds are eligible for tax-free conversion to ETFs”

There have been a few times when there is an intraday RBD that would have netted me some juicy TLH - if I held the ETF. I didn't, the market recovered by EOD, and that was that.
by Whakamole
Sat Jul 13, 2019 9:21 am
Forum: Investing - Theory, News & General
Topic: Five Nobel Laureates Recommend The Market Portfolio
Replies: 58
Views: 7511

Re: Five Nobel Laureates Recommend The Market Portfolio

There are more than enough genuine (i.e. actually true) reasons to justify a suggestion that virtually all investors would be well served by a 3-fund or 4-fund portfolio. That is a suggestion that no one here, AFAIK, would dispute. I definitely don't. I don't think that is true, judging from the nu...
by Whakamole
Fri Jul 12, 2019 8:40 pm
Forum: Investing - Theory, News & General
Topic: Index Fund Creator Jack Bogle Didn't Like ETFs Being Used For Speculation
Replies: 84
Views: 4660

Re: "ETFs are a loser’s game. Let me be very clear about that."

I've yet to sell a single share of an ETF. SCHB is a Boglehead friendly investment, if I ever saw one. Zero complaints. However, I did have some issues with my last LOWC purchase that make me think that the smaller ETFs are more vulnerable to the above criticisms. I guess there was not enough trade...
by Whakamole
Thu Jul 11, 2019 3:11 pm
Forum: Investing - Theory, News & General
Topic: Retiring Early Correlates with Greater Longevity ?
Replies: 47
Views: 5509

Re: Retiring Early Correlates with Greater Longevity ?

I once asked Calstrs how long teachers lived with their retirement. I didn't exactly get that answer, but I got this: California State Teachers’ Retirement System. We don't keep statistics but in a 2002 letter drafted by the Office of the Actuary, they found the following results: 75.7% have been r...
by Whakamole
Thu Jul 11, 2019 1:50 pm
Forum: Investing - Theory, News & General
Topic: Buffet says no to bonds - recommends equities and cash
Replies: 91
Views: 14920

Re: Buffet says no to bonds - recommends equities and cash

There's also the "bonds are for safety" contingent, which tends to invest primarily in government bonds. The OP stated "Buffett Says No to Corp Bonds," So I figured VCIT, as a corporate bond fund, was a better apples to apples comparison than total bond, which is dominated by government bonds. No r...
by Whakamole
Thu Jul 11, 2019 12:25 pm
Forum: Investing - Theory, News & General
Topic: Why factor investing isn't working
Replies: 484
Views: 29299

Re: Why factor investing isn't working

Yes, I can tell you the average return of passive investors must equal the average return of active investors, before fees, in a given market. You can tell me that, but you'd be wrong. Ok, really, say the US equity market return is 10% then the average passive investor also earns 10% (putting aside...
by Whakamole
Thu Jul 11, 2019 10:24 am
Forum: Investing - Theory, News & General
Topic: Buffet says no to bonds - recommends equities and cash
Replies: 91
Views: 14920

Re: Buffet says no to bonds - recommends equities and cash

I had a comment in a different thread from relatively the same time period https://www.bogleheads.org/forum/viewtopic.php?f=10&t=129239#p1899513 ... I happen to agree with his opinion on bonds. Even today, I don't consider bond yields rewarding enough to justify a position for my money that I expec...
by Whakamole
Thu Jul 11, 2019 10:23 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?
Replies: 63
Views: 5878

Re: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?

I don't see why I'd need the asset allocation of the ultra-wealthy. I'm not ultra-wealthy. Investing like them won't necessarily make me ultra-wealthy. I suspect the numbers, since it's an average, doesn't take into account that there's a massive difference between someone who has their wealth mostl...
by Whakamole
Wed Jul 10, 2019 9:55 am
Forum: Investing - Theory, News & General
Topic: Fidelity Expands Their Index Fund Lineup
Replies: 70
Views: 11584

Re: Fidelity Expands Their Index Fund Lineup

El Greco wrote: Wed Jul 10, 2019 9:53 am I wish they would add a balanced index fund to their offerings like VBIAX or the Vanguard Lifestrategy funds.
I think that's FFNOX, though it has a high stock allocation.
by Whakamole
Wed Jul 10, 2019 9:36 am
Forum: Personal Consumer Issues
Topic: Drive to Olympic National Park from Midwest
Replies: 26
Views: 2439

Re: Drive to Olympic National Park from Midwest

What time of year?

Snoqualmie pass (I-90 just east of Seattle) can close, or be made traction tires/chains only, during the winter.
by Whakamole
Wed Jul 10, 2019 9:14 am
Forum: Investing - Theory, News & General
Topic: [2014 Interview with] Jack Bogle: Latest Investor Trends Are Just That--Trends
Replies: 20
Views: 1290

Re: Jack Bogle: Latest Investor Trends Are Just That--Trends

Bogle: Well, there is certainly an odd group of index funds out there. Most, but not all of them, are in the ETF, as they would say, space. And something like triple leverage on the S&P 500 and bet on whether you think it's going to go up or down. It's just absurd. Only a nut cake or a fruit cake w...
by Whakamole
Tue Jul 09, 2019 5:25 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard hits back at Fidelity's loss-leader strategy by courting higher-margin businesses, like China and private equi
Replies: 19
Views: 2165

Re: "Vanguard hits back at Fidelity's loss-leader strategy by courting higher-margin businesses, like China and private

I don't believe it can be a true loss-leader strategy if the ZERO funds are closed to new investors. Search: http://www.google.com/search?q=Fidelity+closed+Zero+funds+site%3Abogleheads.org%2Fforum So while I wondered about Vanguard's response when the ZERO funds were announced, it seems the situati...
by Whakamole
Tue Jul 09, 2019 3:53 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Expands Their Index Fund Lineup
Replies: 70
Views: 11584

Re: Fidelity Expands Their Index Fund Lineup

I take it that you are going to have access to BrokerageLink? We have Fidelity, and we do not have access to BrokerageLink. We have some decent fund choices, but there are gaps. And we do not have access to BrokerageLink. Yeah, the language we have seen so far confirms BrokerageLink (guessing they ...
by Whakamole
Tue Jul 09, 2019 10:20 am
Forum: Personal Consumer Issues
Topic: What backup service to use?
Replies: 94
Views: 12402

Re: What backup service to use?

I'm using BackBlaze right now after Wirecutter recommended it. Seems to run seamlessly, and needs less system resources (memory) than CrashPlan which I used to use.
by Whakamole
Tue Jul 09, 2019 10:10 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 21924

Re: Larry Swedroe: The Historical Imperative For International Diversification

Honestly, I think that anywhere from 0% ex-U.S. to 50% is within the realm of 'plausible' for a U.S. investor, although I really doubt that a 20% or smaller allocation to it is going to be very helpful. There are certainly examples of times when even a token attempt at diversification was helpful. ...
by Whakamole
Mon Jul 08, 2019 4:18 pm
Forum: Personal Consumer Issues
Topic: Dealer shows trade-in value much higher to avoid sales tax
Replies: 34
Views: 4004

Re: Dealer shows trade-in value much higher to avoid sales tax

I'm not sure I'd do business with the dealer - not just because of this issue, but because if they're fine with cheating the state taxation authority, they'll be fine with cheating you too.
by Whakamole
Mon Jul 08, 2019 11:57 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 21924

Re: Larry Swedroe: The Historical Imperative For International Diversification

At some point, the idea of naïve diversification becomes completely illogical. Consider this line of reasoning: I don't know which will do best in the future: 1) Stocks 2) Cocoa 3) Soybean oil 4) Ethanol 5) Lean hogs 6) Rough rice 7) Molybdenum 8) Linear low density polyethylene 9) Numbered limited...
by Whakamole
Mon Jul 08, 2019 11:15 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 21924

Re: Larry Swedroe: The Historical Imperative For International Diversification

However, I think the overall discussion has gone downhill. Now we have a poster in this thread calling investors who use market cap weighting for regions splits "globalists" and making incendiary comments about their motivations for their asset allocations. To me, many of the arguments for US-only ...
by Whakamole
Mon Jul 08, 2019 10:31 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 21924

Re: Larry Swedroe: The Historical Imperative For International Diversification

I don't mean to question whether this thread is actionable, not explicitly, so I'll ask this question:

Has anyone ever changed their mind from one of these threads?
by Whakamole
Mon Jul 08, 2019 8:36 am
Forum: Personal Consumer Issues
Topic: Is Grass-fed milk worth it?
Replies: 82
Views: 5427

Re: Is Grass-fed milk worth it?

It's about the treatment of cows for me, secondarily supporting the local or regional economy. https://www.cornucopia.org/scorecard/dairy/ Cornucopia.org sounds a bit sketchy, I'm not sure they're exactly unbiased considering who created and funds them: https://geneticliteracyproject.org/glp-facts/...
by Whakamole
Sun Jul 07, 2019 8:26 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 21924

Re: Larry Swedroe: The Historical Imperative For International Diversification

I've asked a similar question of others before, and the answer is usually "I'm only interested in ownership in publicly traded companies." But that seems a lot like defining the question to fit the desired answer. Me personally I am of the camp that I only am interested in assets with cash flows. N...
by Whakamole
Sun Jul 07, 2019 6:07 pm
Forum: Personal Consumer Issues
Topic: Is Grass-fed milk worth it?
Replies: 82
Views: 5427

Re: Is Grass milk worth it?

Worth it in what sense? From an environmental perspective, it is part of the regenerative agriculture movement. From a health perspective, the fat content of the milk and milk products (like cheese and butter) will have increased omega-3s and decreased omega-6s. Menaquinone (vitamin K2) content may ...
by Whakamole
Sun Jul 07, 2019 3:18 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 21924

Re: Larry Swedroe: The Historical Imperative For International Diversification

More on Japanese stock bulls. This, a review of Toru Matsumoto's Japanese Stocks - A Basic Guide for the Intelligent Investor : A very convincing case is made for a continuation of the bull market into 1992. As Matsumoto points out, the stock market is the only rewarding investment alternative for m...
by Whakamole
Sun Jul 07, 2019 2:51 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 21924

Re: Larry Swedroe: The Historical Imperative For International Diversification

Like I said, if Bogle had been born in Japan I think it is safe to say that by 1990 he would have concluded that there was no need to buy US stocks or other international stocks. After all it gave currency risk (and the yen had done nothing but appreciate) and lower returns and you had these big in...
by Whakamole
Sun Jul 07, 2019 11:29 am
Forum: Investing - Theory, News & General
Topic: John Bogle says investors don't need to own international stocks​
Replies: 42
Views: 6976

Re: John Bogle says investors don't need to own international stocks​

That's not what I said. What I said was: ... Some individuals on this board attempt to ridicule U.S. investors for not having international allocation, calling it "American Exceptionalism" (... I don't think they understand that term or it's origin..), ironically though it seems they're the ones ad...
by Whakamole
Sun Jul 07, 2019 11:01 am
Forum: Investing - Theory, News & General
Topic: John Bogle says investors don't need to own international stocks​
Replies: 42
Views: 6976

Re: John Bogle says investors don't need to own international stocks​

... Believing that owning foreign stock adds fees, currency risk, taxation issues, etc. which is a reason for US investors to avoid foreign funds, but non-US investors should still invest in the US - that would seem to fit the definition of irony a bit better, IMHO. I think those are good reasons f...
by Whakamole
Sun Jul 07, 2019 10:33 am
Forum: Investing - Theory, News & General
Topic: John Bogle says investors don't need to own international stocks​
Replies: 42
Views: 6976

Re: John Bogle says investors don't need to own international stocks​

One argument that attempts to dispute the many rational reasons for having a "home country bias" (like taxes, cost, legal recourse, etc..) is explaining that portfolio theory for non-U.S. investors has worked out better. It has improved international portfolios to hold a larger allocation to U.S. s...
by Whakamole
Sun Jul 07, 2019 9:45 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 21924

Re: Larry Swedroe: The Historical Imperative For International Diversification

Like I said, if Bogle had been born in Japan I think it is safe to say that by 1990 he would have concluded that there was no need to buy US stocks or other international stocks. After all it gave currency risk (and the yen had done nothing but appreciate) and lower returns and you had these big in...
by Whakamole
Sat Jul 06, 2019 9:52 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 21924

Re: Larry Swedroe: The Historical Imperative For International Diversification

What I like about these threads is the ability for them to make you think if you dare do so, instead of following verbatim what a select few [OT comment removed - moderator oldcomputerguy] espouse. Innovation exists in many areas, and investing is no different. [OT comment removed - moderator oldco...
by Whakamole
Sat Jul 06, 2019 8:18 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 21924

Re: Larry Swedroe: The Historical Imperative For International Diversification

And of course, Vanguard itself uses close to world market cap in their Target Retirement and LifeStrategy funds.
by Whakamole
Sat Jul 06, 2019 11:12 am
Forum: Personal Consumer Issues
Topic: Time for a new car - Corolla or Civic...
Replies: 106
Views: 12406

Re: Time for a new car - Corolla or Civic...

If you get a Civic, be sure to avoid the models with the gas dilution problem: viewtopic.php?f=11&t=244271