Search found 181 matches

by Fundhunter
Wed Jan 18, 2017 9:01 pm
Forum: Investing - Theory, News & General
Topic: Short Term TIPS in retirement portfolio
Replies: 23
Views: 3526

Re: Short Term TIPS in retirement portfolio

I don't think duration of assets is a helpful guideline for a person withdrawing from a balanced portfolio of stocks and bonds over the long duration of a retirement. If holding a balanced portfolio of stocks and bonds, one should have a sufficient allocation to short duration fixed income investme...
by Fundhunter
Tue Jan 17, 2017 8:00 pm
Forum: Investing - Theory, News & General
Topic: Short Term TIPS in retirement portfolio
Replies: 23
Views: 3526

Re: Short Term TIPS in retirement portfolio

A longer duration is usually good to match the duration of liabilities, but if using a mutual fund, you can't just withdraw the part of the portfolio aligned with short-term liabilities. If inflation accelerates, the volatility in intermediate bonds (TIPs or nominal) and equities would introduce a ...
by Fundhunter
Tue Jan 17, 2017 6:12 pm
Forum: Investing - Theory, News & General
Topic: Short Term TIPS in retirement portfolio
Replies: 23
Views: 3526

Re: Short Term TIPS in retirement portfolio

OK, so I looked on the T. Rowe Price website. They also offer Target Retirement funds of various dates like Vanguard. Theirs are also "funds of funds" although they add a few more ingredients in very small quantities to the mix (like convertible bonds). They also do not include TIPS on dat...
by Fundhunter
Tue Jan 17, 2017 5:04 pm
Forum: Investing - Theory, News & General
Topic: Short Term TIPS in retirement portfolio
Replies: 23
Views: 3526

Re: Short Term TIPS in retirement portfolio

Yes, excellent article, although it does not give specific advice about allocation between short and longer TIPS for a retirement portfolio close to withdrawal. But Vanguard seems to have made its position clear by replacing the intermediate-term TIPS fund with the short-term TIPS fund in its Targe...
by Fundhunter
Tue Jan 17, 2017 1:28 pm
Forum: Investing - Theory, News & General
Topic: Short Term TIPS in retirement portfolio
Replies: 23
Views: 3526

Re: Short Term TIPS in retirement portfolio

. Fundhunter, Perhaps this Vanguard paper comparing long and short TIPS might be of value to you: https://institutional.vanguard.com/iam/pdf/ICRLSTPS.pdf Yes, excellent article, although it does not give specific advice about allocation between short and longer TIPS for a retirement portfolio close...
by Fundhunter
Tue Jan 17, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: Short Term TIPS in retirement portfolio
Replies: 23
Views: 3526

Re: Short Term TIPS in retirement portfolio

I doubt that for a retiree withdrawing from a balanced portfolio of stocks and bonds that trying to find some mix for part of that portfolio between short and intermediate TIPS is going to make any difference at all. I am convinced that for holding for the long run, meaning retirement, intermediate...
by Fundhunter
Mon Jan 16, 2017 11:06 pm
Forum: Investing - Theory, News & General
Topic: Short Term TIPS in retirement portfolio
Replies: 23
Views: 3526

Short Term TIPS in retirement portfolio

I have had a good chunk of TIPS in the fixed income portion of my retirement accounts for a number of years, but my position is in VAIPX (listed by Vanguard as an intermediate term bond fund), but not the short term TIPS fund VTAPX. The issue is whether a short TIPS fund should be included with the ...
by Fundhunter
Mon Jan 16, 2017 11:15 am
Forum: Investing - Theory, News & General
Topic: 3 Vanguard Funds That Are Taking on Water
Replies: 29
Views: 6512

Re: 3 Vanguard Funds That Are Taking on Water

Never owned any of those funds and I shy away from long bonds completely anyhow.
But you should stop reading this article as soon as you see this: "A secular bear market for bonds is upon us..."
Where does he get his crystal ball???
by Fundhunter
Fri Jan 13, 2017 7:56 pm
Forum: Investing - Theory, News & General
Topic: 100% equities in Roth part of portfolio?
Replies: 19
Views: 2886

Re: 100% equities in Roth part of portfolio?

As I was looking at my portfolio as a whole, I was reminded to expect equities to generate more income than bonds over the long haul. Then I noticed much of the Roth part of the portfolio was in bonds. The regular IRA part, from which I have to draw out RMDs, also has a combination of bonds and sto...
by Fundhunter
Sun Jan 08, 2017 5:03 pm
Forum: Investing - Theory, News & General
Topic: Are Commodities Still a Good Portfolio Diversifier?
Replies: 51
Views: 4471

Re: Are Commodities Still a Good Portfolio Diversifier?

OK, I don't own any commodities and never have. I don't claim to have analyzed all the technical stuff posted in this thread, nor to be any expert on commodities, but skimming what is posted here, I haven't seen anything that would convince me that this type of investment needs to be part of anythin...
by Fundhunter
Sun Jan 08, 2017 4:06 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on a Bogle quote
Replies: 29
Views: 3498

Re: Thoughts on a Bogle quote

This doesn't make me feel good about my target date fund having 35% Int'l stock. Well they don't know what a "correct" % of international equities should be either. I think pick a number and rebalance to that number when your rebalance date comes up. Going to less equities generally (like...
by Fundhunter
Sun Jan 08, 2017 3:30 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on a Bogle quote
Replies: 29
Views: 3498

Re: Thoughts on a Bogle quote

This has been discussed in the past here more than once. Bogle said this in his 1994 book "Bogle on Mutual Funds" (see page 74, second paragraph). He generally describes it as "unnecessary", rather than a bad idea. A lot of investment experts disagree. I have 25% of equities in i...
by Fundhunter
Mon Jan 02, 2017 11:44 am
Forum: Personal Investments
Topic: Vanguard Total Bond Market v. Inter-Term Bond Index v. I-T Investment Grade Inv
Replies: 19
Views: 3880

Re: Vanguard Total Bond Market v. Inter-Term Bond Index v. I-T Investment Grade Inv

mongstradamus wrote:I don't have a huge bond allocation but i do split up VCIT, the etf version of the intermediate corp bond, with 5 year laddered cds for my bond portfolio, and so far have been happy with that.
So you do not hold government bonds at all?
by Fundhunter
Mon Jan 02, 2017 11:15 am
Forum: Personal Investments
Topic: Vanguard Total Bond Market v. Inter-Term Bond Index v. I-T Investment Grade Inv
Replies: 19
Views: 3880

Re: Vanguard Total Bond Market v. Inter-Term Bond Index v. I-T Investment Grade Inv

This thread got me looking on the VG website at the list of funds. There is also a VG Intermediate Corporate Bond Index (VICSX) that was not offered when I first bought my intermediate shares. Rock bottom expenses of .07 %, but there is a 0.25% purchase fee for the mutual fund- also offered as an ET...
by Fundhunter
Wed Dec 28, 2016 11:53 am
Forum: Personal Investments
Topic: Vanguard Total Bond Market v. Inter-Term Bond Index v. I-T Investment Grade Inv
Replies: 19
Views: 3880

Re: Vanguard Total Bond Market v. Inter-Term Bond Index v. I-T Investment Grade Inv

The only issue I have with the Bond Index Fund (VBILX) is the longer duration as compared to the other two especially that the Feds have promised a continuation of rising rates. I have substituted the Core Bond Fund (VCOBX) for the Bond Index Fund (VBILX) and thus ending up with Inter. Inv. Gr. (VF...
by Fundhunter
Wed Dec 28, 2016 12:00 am
Forum: Investing - Theory, News & General
Topic: Picking Individual Stocks Is Dangerous
Replies: 62
Views: 8580

Re: Picking Individual Stocks Is Dangerous

Stock picking is very "UnBoglelike". Kind of flies in the face of the whole philosophy of why you pick mutual funds and particularly index funds, doesn't it? How many stock pickers are also market timers? I'll bet a bunch!
by Fundhunter
Tue Dec 27, 2016 11:15 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads and stocks picking
Replies: 26
Views: 3305

Re: Bogleheads and stocks picking

I don't think most people on this forum do much stock picking. The general mindset and behavior of the stock picker is too close to the evil of "market timing"- when do you buy and when do you sell? Having said that, I do own one tiny stock position (ADR in an Irish company) that I bought ...
by Fundhunter
Tue Dec 27, 2016 10:50 pm
Forum: Personal Investments
Topic: Vanguard Total Bond Market v. Inter-Term Bond Index v. I-T Investment Grade Inv
Replies: 19
Views: 3880

Re: Vanguard Total Bond Market v. Inter-Term Bond Index v. I-T Investment Grade Inv

I use bonds to balance and diversify my portfolio and I am almost into the withdrawal stage. I use the Intermediate Bond Index, but I have an aversion to long term bonds of any kind right now, particularly in this low interest rate environment. And I balance my small intermediate position with a muc...
by Fundhunter
Tue Dec 27, 2016 10:27 pm
Forum: Personal Investments
Topic: Help me get back into the market
Replies: 40
Views: 7727

Re: Help me get back into the market

It sounds like to me that you have suffered a little bit from the "market timing" disease. This forum is a good vaccine against that disease, as almost everybody on this forum that I have read preaches against doing that. The real cure is to get a written assert allocation plan with % of e...
by Fundhunter
Thu Nov 05, 2015 1:23 am
Forum: Investing - Theory, News & General
Topic: "A Look at Vanguard's Robo-Advisor"
Replies: 36
Views: 8470

Re: "A Look at Vanguard's Robo-Advisor"

Might make sense for a lot of people, but it seems that most of those folks would not be people that tune in to this webpage, would they? We are generally people who like to make our own (hopefully informed) decisions. The only thing predictable about our investments is the percentage amount of expe...
by Fundhunter
Sun Sep 06, 2015 9:37 pm
Forum: Investing - Theory, News & General
Topic: Bill Gross: cash is your best investment right now
Replies: 63
Views: 10787

Re: Bill Gross: cash is your best investment right now

So it is foolish to try to use market timing for equity investing, but OK in the fixed income realm?? Doesn't sound very consistent with what I understand about the Boglehead philosophy, but of course Bill Gross probably is not of the Boglehead religion.
by Fundhunter
Sat Feb 14, 2015 11:24 am
Forum: Investing - Theory, News & General
Topic: VSS- International Small Cap
Replies: 13
Views: 3044

Re: VSS- International Small Cap

Thanks for the replies. Not sure I agree that Morningstar Star ratings are worthless, although I agree that buying a mutual fund because it is 5 star is not an intelligent choice, as it has probably recently outperformed other similar funds out of dumb luck. And of course Star ratings are a measure ...
by Fundhunter
Sat Feb 14, 2015 1:40 am
Forum: Investing - Theory, News & General
Topic: VSS- International Small Cap
Replies: 13
Views: 3044

VSS- International Small Cap

OK, I believe in diversification, including internationally where I put about 25% of my equities (despite that John Bogel thinks it is unnnecessary), but my small position in VSS- Vanguard FTSE World ex-Us Small Cap ETF is now a ONE STAR FUND, per Morningstar. I have held Vanguard funds for many yea...
by Fundhunter
Thu Nov 13, 2014 2:42 pm
Forum: Personal Investments
Topic: Money Market interest question
Replies: 1
Views: 423

Money Market interest question

My wife and I are retired and in the withdrawal stage with our portfolios and I am contemplating a new interest bearing account to put taxable money for monthly withdrawal. A majority of our investments are in Vanguard mutual funds, but I notice that the annual yield on their Prime Money Maket fund ...
by Fundhunter
Sat Dec 28, 2013 11:29 am
Forum: Investing - Theory, News & General
Topic: Putting together my annual list of sure things
Replies: 25
Views: 3112

Re: Putting together my annual list of sure things

Here is a part of an AP article I read in the Business section today's Atlanta paper that shows the absurdity of predictions: " Few investors expected 2013 to be as big as it was. The Standard & Poors 500 index is up 29 percent for the year, its best year since 1997. Including dividends, it...
by Fundhunter
Fri Dec 27, 2013 10:53 pm
Forum: Investing - Theory, News & General
Topic: Its Hard Being A Boglehead!!
Replies: 62
Views: 6684

Re: Its Hard Being A Boglehead!!

It's not so hard if you really believe in it. I think it helps to buy and read a Boglehead book that reinforces the beliefs. I am a believer, but I recall the feeling in my stomach when the market was tanking (and nobody knew where the bottom was) at the end of Bush's second term but I followed my p...
by Fundhunter
Fri Dec 27, 2013 9:57 pm
Forum: Investing - Theory, News & General
Topic: Putting together my annual list of sure things
Replies: 25
Views: 3112

Re: Putting together my annual list of sure things

Stated on npr's nightly business report today (December 27): "It's a stock picker's market (i.e. Cisco, Oracle, IBM)". A real gem. Just a program to sell TV advertising to me. That statement would make better sense to me if the market were where it was at the end of Bush's second term, no...
by Fundhunter
Fri Dec 27, 2013 9:47 pm
Forum: Investing - Theory, News & General
Topic: buying index puts vs dollar cost averaging
Replies: 10
Views: 1295

Re: buying index puts vs dollar cost averaging

What are the costs of "puts"? That is money lost for sure. He should learn to get less timid and do neither, but jump in with all of it. He can diversify potential downside risk by diversifying equities with fixed income and less risky assets. TIPS often perform opposite of stocks, althoug...
by Fundhunter
Fri Dec 27, 2013 9:12 pm
Forum: Investing - Theory, News & General
Topic: Putting together my annual list of sure things
Replies: 25
Views: 3112

Re: Putting together my annual list of sure things

It is a SURE THING that you will not be able to predict what that mutual fund will do in 2014 EXCEPT........ you can predict with reasonable certainty the % bite the mutual fund managers will take out next year based on what they took out this year. Expenses have to be important as they are the only...
by Fundhunter
Mon Aug 27, 2012 6:19 pm
Forum: Investing - Theory, News & General
Topic: Fox Business article: It's Not All About the Fees
Replies: 17
Views: 2477

Re: Fox Business article: It's Not All About the Fees

What a bunch of garbage! In their chart they cherry pick two actively managed small-cap funds and the VG index fund for short periods in an attempt to prove that performance matters more than fees. That chart proves absolutely nothing. What the article doesn't say is that this future performance is ...
by Fundhunter
Tue Aug 14, 2012 9:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Performance Report
Replies: 9
Views: 1707

Re: Vanguard Performance Report

"What you can control" is the annual expenses that a mutual fund takes from your earnings. You can't predict the market, but you can predict that.

I wonder if you took out the expenses, as if all funds had zero expenses, what the rankings would be.
by Fundhunter
Sat Aug 11, 2012 9:23 pm
Forum: Investing - Theory, News & General
Topic: "Index Funds are on a Roll--Will it Persist?"
Replies: 28
Views: 4102

Re: "Index Funds are on a Roll--Will it Persist?"

Maybe I should have known not to post on a Morningstar article, but I did. This article. And now I'm having a friendly discussion with a few people there about the merits of active vs. passive. Really the only reason I'm doing it is to learn more about the common objections people have to passive i...
by Fundhunter
Fri Aug 10, 2012 12:02 am
Forum: Investing - Theory, News & General
Topic: "Index Funds are on a Roll--Will it Persist?"
Replies: 28
Views: 4102

Re: Index Bond Funds ?

Fundhunter wrote: Several of those Morningstar posts indicate that they like indexing with stock funds but think active management makes more sense with bonds. This is what Standard & Poor's Research found (Exhibit 3): WHAT ABOUT BONDS? While the active versus passive debate gets less play in t...
by Fundhunter
Thu Aug 09, 2012 3:48 pm
Forum: Investing - Theory, News & General
Topic: "Index Funds are on a Roll--Will it Persist?"
Replies: 28
Views: 4102

Re: "Index Funds are on a Roll--Will it Persist?"

I subscribe to Morningstar, but Morningstar is careful not to take sides in the index vs. actively managed debate. Interesting to read the comments below the article, from people who are Morningstar subscribers, but not necessarily Bogleheads, in which it is opined that "this article is clearly...
by Fundhunter
Mon Dec 05, 2011 10:24 pm
Forum: Investing - Theory, News & General
Topic: Could there be "Vanguard Indexes" in the future?
Replies: 32
Views: 4342

Re: Could there be "Vanguard Indexes" in the future?

The Vanguard High Dividend Yield Index Fund (VHDYX, the ETF is VYM) follows a "customized, proprietary benchmark created specifically for Vanguard: the FTSE High Dividend Yield Index." This per the most recent Morningstar report on the fund. But how many indexes do we really need that are ...
by Fundhunter
Sun Nov 27, 2011 11:50 pm
Forum: Investing - Theory, News & General
Topic: "Investment Mistakes Even Smart Investors Make" --A Gem
Replies: 50
Views: 19048

Re: "Investment Mistakes Even Smart Investors Make" --A Gem

Taylor, how long did it take to copy all those quotes?? Preaching to the choir here!

Do I need to buy the book now?

I particularly like the one about how worthless CNBC is!!
by Fundhunter
Mon Oct 24, 2011 7:23 pm
Forum: Investing - Theory, News & General
Topic: VSS best intl small fund?
Replies: 12
Views: 2968

Re: VSS best intl small fund?

Yes, I don't think there is any meaningful sense in which Vanguard's Total International Stock Index fund can be considered to be a small fund. It is completely dominated by large cap stocks and will perform like a large cap fund. The amount of exposure to small and mid cap stocks is very little an...
by Fundhunter
Mon Oct 24, 2011 12:25 am
Forum: Investing - Theory, News & General
Topic: VSS best intl small fund?
Replies: 12
Views: 2968

Re: VSS best intl small fund?

Vanguard's Total International Stock Index fund includes exposure to small and mid-cap stocks, as well as emerging markets. It's truly a fine, broadly diversified fund with a low ER, and it may be all you need for your International component. If you wish to overweight or tilt to International smal...
by Fundhunter
Sun Oct 23, 2011 10:12 pm
Forum: Investing - Theory, News & General
Topic: VSS best intl small fund?
Replies: 12
Views: 2968

VSS best intl small fund?

From what I can see, the Vanguard FTSE All-World ex-US Small Cap Index ETF (VSS) appears to be the best way to get international small company exposure. Expenses are .33% per year and no fees in or out for the ETF. My wife has had a large position in VINEX, the active international small fund that V...
by Fundhunter
Thu Aug 11, 2011 6:58 pm
Forum: Investing - Theory, News & General
Topic: What to do with $100k?
Replies: 5
Views: 1574

Neither. Invest the money in something with a better ROI or pay off your house with it. Take 5 - 10K a year and do the major repairs / renovations a bit at a time (repairs first). This assumes that there is not "value" to living in a renovated house sooner rather than later. We just did m...
by Fundhunter
Thu Aug 11, 2011 6:34 pm
Forum: Investing - Theory, News & General
Topic: Thought might be interested in my comments on yesterday
Replies: 2
Views: 1211

"GMO point" is an interesting way to describe panic selling.

The same people who now say: Look at where gold is, look what the TIPS are doing- that is where we need to invest!

Sell low, buy high!
by Fundhunter
Tue Aug 09, 2011 8:20 pm
Forum: Investing - Theory, News & General
Topic: Now you know why "market-timing" is foolhardy
Replies: 30
Views: 3719

No cats here, but I have two schnauzers- maybe I should cut my losses and get out of the market now. You need to rebalance and trade a schnauzer for a cat. Or at least invest in cat futures while shorting dog futures. Too much wierdness on this thread! All I need to know is whether I swap schnauzer...
by Fundhunter
Tue Aug 09, 2011 6:01 pm
Forum: Investing - Theory, News & General
Topic: Now you know why "market-timing" is foolhardy
Replies: 30
Views: 3719

Samson (our cat) just puked on the carpet again. Is that a good sign, or a bad sign? Why he insists on puking on the expensive carpet, and not on the floor, or in his litter box, is beyond me. I'll let my wife clean this one up. I think if you go on this website they can tell you some good cat puke...
by Fundhunter
Tue Aug 09, 2011 5:50 pm
Forum: Investing - Theory, News & General
Topic: Now you know why "market-timing" is foolhardy
Replies: 30
Views: 3719

You can tell you are on the Boglehead Forum when people are joking about cats when the market runs wild like this. :wink:

I wonder what they are talking about on some of the investment sites that believe you can trade your way to prosperity. Don't know any links to those sites, sorry.
by Fundhunter
Mon Jun 20, 2011 10:50 pm
Forum: Personal Investments
Topic: Help for 23 y/o just starting the investment plan
Replies: 44
Views: 3400

I say VG Total Stock Market and VG Total Intl. That is all you need at your age. Bonds and fixed inome when you are a little older, but be ready for some bumps along the road. Those have very low annual expenses which makes a big difference over decades. If you think you can't sleep through bear mar...
by Fundhunter
Mon Jun 20, 2011 10:17 pm
Forum: Investing - Theory, News & General
Topic: Anxiety Now versus Anxiety 2008
Replies: 42
Views: 5906

Perhaps some of the anxiousness is from those who didn't stay the course and keep wondering when the market will fall back down to 2008 levels for them to get back in. Those people will not get back in if the market does that, because they don't have a plan and the stock market will be "BAD&qu...
by Fundhunter
Sun Jun 19, 2011 7:44 pm
Forum: Investing - Theory, News & General
Topic: Top fund managers hit bottom.
Replies: 11
Views: 1892

Actually, if you are going to use active management, the non-diversified nature of the funds is exactly what you are counting on to beat the market. If you want diversification, you can get that almost for free from index funds. In order to outperform the market, you must hold a nondiversified port...
by Fundhunter
Sat Jun 18, 2011 11:30 pm
Forum: Personal Investments
Topic: Need to simplify portfolio... Looking for good advice.
Replies: 20
Views: 2830

Looks like you have some losses. Sell the losers with the winners so you won't have a big tax bill, or sell more losers than winners for a loss (you can take 3K a year and then carry forward other losses). Do NOT worry if you are selling a fund you really like- you can always buy it later. Like expe...
by Fundhunter
Sat Jun 18, 2011 11:10 pm
Forum: Personal Investments
Topic: One more try with full information: 403(b) Annuity rollover
Replies: 4
Views: 934

What are the annual expenses of the Metlife 403(b)?

My wife had an expensive one that we rolled over a little at a time to avoid the surreneder charges. As I recall the annual expenses were higher than where we rolled it (Vanguard) but not so high that it made sense to eat the surrender charge.
by Fundhunter
Thu Jun 16, 2011 3:46 pm
Forum: Personal Investments
Topic: at what age do you start changing your AA?
Replies: 37
Views: 4134

This thread sounds positively bubblicious! I'm thinking back to 2008, when people were talking about the collapse of civilization. Now people are talking about their plans to be 100% in stocks until they're 40. Next thing you know, Market Timer 2 will appear, leveraging to the max. Interesting stuf...