Search found 10604 matches

by MotoTrojan
Tue Sep 15, 2020 9:13 pm
Forum: Investing - Theory, News & General
Topic: Can VTSAX accidentally sell all its stock holdings?
Replies: 47
Views: 3875

Re: Can VTSAX accidentally sell all its stock holdings?

Is this possible at all? I have read of various traders making mistakes elsewhere. Was just wondering if it is possible for a fund management trader to accidentally sell all stocks in say the Vanguard Total Stock Market Index fund. Is this a reason to diversify between different fund providers? It'...
by MotoTrojan
Tue Sep 15, 2020 8:52 pm
Forum: Investing - Theory, News & General
Topic: AQR still singing the same song
Replies: 121
Views: 9963

Re: AQR still singing the same song

Question for factorheads: has any well publicized factor strategy offered non-trivial outperformance after publication so far? Edit: in a real factor fund suggested by the publicizer relative to a real index fund. Ex-US yes. In the US, DFSVX enjoyed a decade+ long run WELL ahead of the S&P500, only...
by MotoTrojan
Tue Sep 15, 2020 5:38 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Did anyone else replace their SLYV/DGS holdings with AVUV/AVDV? Just curious. And if so, did you dump your entire SLYV/DGS? During the sell off, I sold 2/3 of my VSS position for AVDV. I sold VBR and bought SLYV for my SCV domestic (I used to have VBR+IJS for commission free reasons), but wish I wo...
by MotoTrojan
Tue Sep 15, 2020 4:46 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Having a tough time figuring out what SCV fund to pick for the US and now I am wondering if I should have SCV for International or if it gets too complicated/not worth it DFA is not available to me easily. I do have access to Avantis though I think it’s reasonable to just start with US-only. Most o...
by MotoTrojan
Tue Sep 15, 2020 4:38 pm
Forum: Investing - Theory, News & General
Topic: Ex DFA CIO launches competitor which will also have ETFs
Replies: 272
Views: 35080

Re: Ex DFA CIO launches competitor which will also have ETFs

Moved all of my international small cap into AVDV this morning. Tax loss harvested out of FNDC, VSS, and ISCF and moved my entire ISCF in our IRAs over as well. Just checked and its looks like my international is now roughly 50% All Cap World Index (Large International with a .04% ER in my 401k) 37...
by MotoTrojan
Tue Sep 15, 2020 4:24 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Did anyone else replace their SLYV/DGS holdings with AVUV/AVDV? Just curious. And if so, did you dump your entire SLYV/DGS? I think you mean DLS instead of DGS (developed not EM). I moved from SLYV to AVUV where I could (SLYV is tax loss harvest parter now and have a bunch with gain so not moving t...
by MotoTrojan
Tue Sep 15, 2020 4:20 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Did anyone else replace their SLYV/DGS holdings with AVUV/AVDV? Just curious. And if so, did you dump your entire SLYV/DGS? During the sell off, I sold 2/3 of my VSS position for AVDV. I sold VBR and bought SLYV for my SCV domestic (I used to have VBR+IJS for commission free reasons), but wish I wo...
by MotoTrojan
Tue Sep 15, 2020 4:07 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Would anybody advocate investing in the broader s&p 600 (as opposed to specifically s&p 600 value) as a sufficient value position at this point in time? I was looking at morningstar metrics and s&p 600 average p/s is .78 and price to cash flow is about 6, for example. That to me seems to have a val...
by MotoTrojan
Tue Sep 15, 2020 4:03 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Research Affiliates published an article on book value and composite measures of value. Book Value Is an Incomplete Measure of Firm Size https://www.researchaffiliates.com/en_us/publications/articles/814-book-value-is-an-incomplete-measure-of-firm-size.html For their value metric the Avantis funds ...
by MotoTrojan
Tue Sep 15, 2020 11:50 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

That's helpful, thanks! Any thoughts on investing in small cap value with mutual funds such as Vanguard (VEVFX) as opposed to (or in addition to) etfs? Mutual fund vs. ETF is a whole different story and not really applicable to small-value specifically (for example VBR and VSIAX are both fine ways ...
by MotoTrojan
Tue Sep 15, 2020 9:03 am
Forum: Personal Investments
Topic: Best way to build an emergency fund?
Replies: 95
Views: 6505

Re: Best way to build an emergency fund?

I know this has been mentioned so I want to be clear on one part. Does the wash sale rule apply to selling in one account (taxable) and buying in another (Roth IRA)? If so that's easy to avoid I guess by waiting a month. If I had a taxable loss I’d sell and immediately buy a similar but not identic...
by MotoTrojan
Tue Sep 15, 2020 8:55 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Absolutely, the ratio needs to be consistent. You should really use sales along with EV. But dml130 mentioned "other popular ratios" are useless too, which I disagree with. P/B and P/E are consistent in both numerator and denominator, so they are reasonable. And I personally agree with Prof. Damoda...
by MotoTrojan
Tue Sep 15, 2020 8:55 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Would anybody advocate investing in the broader s&p 600 (as opposed to specifically s&p 600 value) as a sufficient value position at this point in time? I was looking at morningstar metrics and s&p 600 average p/s is .78 and price to cash flow is about 6, for example. That to me seems to have a val...
by MotoTrojan
Mon Sep 14, 2020 11:26 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

I just wanted to give you folks a heads up: DFA is doing a webinar on September 18 at 1:00 PM Central time. It's called Value vs. Growth: Past, Present, and Future. The past 3-4 years have been especially tough for value and I'm interested to see what insights they will have. I know there are some ...
by MotoTrojan
Mon Sep 14, 2020 10:10 pm
Forum: Personal Investments
Topic: Using after tax investment to purchase Roth IRA.
Replies: 5
Views: 357

Re: Using after tax investment to purchase Roth IRA.

What are the pros and cons of DW and I using after tax investments to purchase our Roth IRAs the next couple of years? They've been invested for over 1 year (minus the dividends, tot us and tot int). Are you saying you want to sell from your brokerage account, then put those funds in the Roth IRA? ...
by MotoTrojan
Mon Sep 14, 2020 4:47 pm
Forum: Personal Investments
Topic: Deciding between QQQ & VGT?
Replies: 23
Views: 2005

Re: Deciding between QQQ & VGT?

Good luck. These funds have idiosyncratic risk, which is uncompensated risk. Just because they have done well the last 10 years doesn't mean it will continue. Investing in what has done best recently is a good way to lose, but maybe I am just a contrarian. Personally if you like these types of compa...
by MotoTrojan
Mon Sep 14, 2020 2:40 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

I would be careful about using P/S to compare value as it is highly susceptible to leverage (leverage makes companies look cheaper on this metric). See #1 here for how to correct this by using EV/S: https://www.oldschoolvalue.com/investing-strategy/useless-stock-metrics/ I took a look at that link,...
by MotoTrojan
Mon Sep 14, 2020 1:46 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Funny note while looking at FNDA... it's 2nd largest holding at 0.47% is TSLA! Funny quirk with these fundamental small-cap funds, the small comes from the economic scale and not the market-cap :). Yeah you have to be careful when tilting to SCV with RAFI for that discontinuity. As long as you pair...
by MotoTrojan
Mon Sep 14, 2020 1:44 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

I would be careful about using P/S to compare value as it is highly susceptible to leverage (leverage makes companies look cheaper on this metric). See #1 here for how to correct this by using EV/S: https://www.oldschoolvalue.com/investing-strategy/useless-stock-metrics/ I took a look at that link,...
by MotoTrojan
Mon Sep 14, 2020 1:16 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Thanks for that, I think what you say is often correct about the riskiest looking equities being the most profitable long term. I think your numbers might be off though with regards to the sector breakdown, VIOV (sp 600 value) shows 21% financials while VIOO shows 15%. I guess it's still roughly th...
by MotoTrojan
Mon Sep 14, 2020 12:50 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Thank you for the reply, I'll take a closer look at that. I guess my only aversion is that my thinking is influenced (maybe incorrectly, let me know what you think) by the idea that smaller financials (which compose a larger portion of SCV) as a whole are going to struggle and in many cases fail ov...
by MotoTrojan
Mon Sep 14, 2020 9:54 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Would anybody advocate investing in the broader s&p 600 (as opposed to specifically s&p 600 value) as a sufficient value position at this point in time? I was looking at morningstar metrics and s&p 600 average p/s is .78 and price to cash flow is about 6, for example. That to me seems to have a val...
by MotoTrojan
Mon Sep 14, 2020 7:08 am
Forum: Personal Investments
Topic: Thoughts on VTWAX Rebalancing
Replies: 19
Views: 1258

Re: Thoughts on VTWAX Rebalancing

Comparing VT with a 60/40 combo of VTSMX/VGTSX using 5% rebalancing bands in PortfolioVisualizer finds that the 2-fund portfolio outperforms VT with CAGR of 11.64% vs 10.68% and STD of 15.48% vs 16.06% from Jan 2009 - Aug 2020. For Jan 2015 - Aug 2020, the results are CAGR of 8.79% vs 8.38% and STD...
by MotoTrojan
Mon Sep 14, 2020 7:06 am
Forum: Personal Investments
Topic: Thoughts on VTWAX Rebalancing
Replies: 19
Views: 1258

Re: Thoughts on VTWAX Rebalancing

Comparing VT with a 60/40 combo of VTSMX/VGTSX using 5% rebalancing bands in PortfolioVisualizer finds that the 2-fund portfolio outperforms VT with CAGR of 11.64% vs 10.68% and STD of 15.48% vs 16.06% from Jan 2009 - Aug 2020. For Jan 2015 - Aug 2020, the results are CAGR of 8.79% vs 8.38% and STD...
by MotoTrojan
Sun Sep 13, 2020 9:23 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Sorry, I don't see the merit. There is no additional information that EV contains that P/B doesn't already. EV is just = market cap - cash + debts. Since P/B already includes cash and debt (with opposing signs, now in the denominator instead), it's just as good or bad when dealing with "deep value"...
by MotoTrojan
Sun Sep 13, 2020 8:52 pm
Forum: Personal Investments
Topic: retirement/growth investment
Replies: 20
Views: 1682

Re: retirement/growth investment

Fidelity supports fractional. Don’t bother with RH. why should I not bother with RH? I know its not robust but the fractional share and automatic DRIP for stocks or etfs is a great attribute. I am still getting mixed messages online if Vanguard can actually automatically reinvest dividends in ETFs ...
by MotoTrojan
Sun Sep 13, 2020 8:49 pm
Forum: Personal Investments
Topic: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million
Replies: 76
Views: 7648

Re: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million

Maybe go to WallStreetBets. I discovered WallStreetBets about 1 year ago. I do go there from time to time to reaffirm that Boglehead way is generally the better way to "invest". But I have seen some got rich really, really quick. Many more got poor quickly. If I put $100K on a number in roulette I ...
by MotoTrojan
Sun Sep 13, 2020 8:41 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Well said, thanks for taking the time to write that up. I agree P is what you pay, but in particular there is some merit IMHO to enterprise value for deep value, particularly if there’s any chance of liquidation (P is not what is paid there, far from it often). Gray may not touch on this as much bu...
by MotoTrojan
Sun Sep 13, 2020 5:12 pm
Forum: Personal Investments
Topic: retirement/growth investment
Replies: 20
Views: 1682

Re: retirement/growth investment

Fidelity supports fractional. Don’t bother with RH. why should I not bother with RH? I know its not robust but the fractional share and automatic DRIP for stocks or etfs is a great attribute. I am still getting mixed messages online if Vanguard can actually automatically reinvest dividends in ETFs ...
by MotoTrojan
Sun Sep 13, 2020 5:09 pm
Forum: Personal Investments
Topic: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million
Replies: 76
Views: 7648

Re: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million

Not talking days, weeks, or months here fellas. Im talking basic investing in common stocks in what you might believe may be the next big winner. Is it airlines? [Political comment removed by Mod Misenplace] Is it BioTech? It's not TESLA, [Implied expletive removed by Mod Misenplace] I get you all,...
by MotoTrojan
Sun Sep 13, 2020 4:19 pm
Forum: Personal Consumer Issues
Topic: How to focus and keep focused — any recommendations?
Replies: 33
Views: 2135

Re: How to focus and keep focused — any recommendations?

I will very much appreciate any recommendations on how to keep focused — books, videos, etc. With the current level of distractions all around it is quite difficult to stay focused on important tasks, so I will be grateful for any pointers. Thanks! Eliminate the distractions and you should be fine....
by MotoTrojan
Sun Sep 13, 2020 4:11 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Well said, thanks for taking the time to write that up. I agree P is what you pay, but in particular there is some merit IMHO to enterprise value for deep value, particularly if there’s any chance of liquidation (P is not what is paid there, far from it often). Gray may not touch on this as much bu...
by MotoTrojan
Sun Sep 13, 2020 2:46 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Mixed picture on value ETFs today (bank stocks the difference). IMHO either use an ETF with mediocre value measures but with sector neutrality (VLUE) which won't bottom out in a value crash; or an ETF using the best value measure (QVAL) which will overload on cyclicals at the best & worst times. A ...
by MotoTrojan
Sun Sep 13, 2020 9:21 am
Forum: Personal Investments
Topic: retirement/growth investment
Replies: 20
Views: 1682

Re: retirement/growth investment

Either fund/ETF will have the same outcome. The only difference will be the way you buy and sell. That's all. A nitpick: Dividends for these two things will be paid on slightly different days and thus reinvested at slightly different values since values change daily. But the mechanics of this are n...
by MotoTrojan
Sun Sep 13, 2020 9:03 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation-What have you learned about yourself?
Replies: 51
Views: 3595

Re: Asset Allocation-What have you learned about yourself?

I’ve learned I seek risk. The only thought in my mind in March 2020 was how much more small-value should I buy (tilted my portfolio permanently).
by MotoTrojan
Sun Sep 13, 2020 9:02 am
Forum: Personal Investments
Topic: Best way to build an emergency fund?
Replies: 95
Views: 6505

Re: Best way to build an emergency fund?

I know this has been mentioned so I want to be clear on one part. Does the wash sale rule apply to selling in one account (taxable) and buying in another (Roth IRA)? If so that's easy to avoid I guess by waiting a month. If I had a taxable loss I’d sell and immediately buy a similar but not identic...
by MotoTrojan
Sat Sep 12, 2020 6:14 pm
Forum: Personal Investments
Topic: Do growth ETFs fall victim to to buying high/selling low?
Replies: 7
Views: 746

Re: Do growth ETFs fall victim to to buying high/selling low?

Over the long term growth has underperformed the market with value outperforming. It’s not necessarily buying high and selling low that breaks it, but over extrapolation of growth rates (with value over extrapolating the downside).
by MotoTrojan
Sat Sep 12, 2020 12:54 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Mixed picture on value ETFs today (bank stocks the difference). IMHO either use an ETF with mediocre value measures but with sector neutrality (VLUE) which won't bottom out in a value crash; or an ETF using the best value measure (QVAL) which will overload on cyclicals at the best & worst times. A ...
by MotoTrojan
Fri Sep 11, 2020 3:24 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

Mixed picture on value ETFs today (bank stocks the difference). IMHO either use an ETF with mediocre value measures but with sector neutrality (VLUE) which won't bottom out in a value crash; or an ETF using the best value measure (QVAL) which will overload on cyclicals at the best & worst times. A ...
by MotoTrojan
Fri Sep 11, 2020 11:42 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3110
Views: 227912

Re: Small Cap Value heads Rejoice !!!

texasfight wrote: Fri Sep 11, 2020 10:39 am

I expect nasdaq 100 to trade at around a 150x P/E ratio in the next decade.
:shock:
by MotoTrojan
Fri Sep 11, 2020 9:28 am
Forum: Investing - Theory, News & General
Topic: Too much S&P 500 index concentration in FAAMGs?
Replies: 67
Views: 4124

Re: Too much S&P 500 index concentration in FAAMGs?

At 0.49% ER, I'd rather own individual stocks. Ironic that people are willing to pay 0.49% ER to "BUY THE CHEAPEST , HIGHEST QUALITY VALUE STOCKS" [emphasis mine]. ETF wrapper provides tax advantages you couldn’t get on your individual stocks but it is a higher ER than I’d necessarily like. So bein...
by MotoTrojan
Fri Sep 11, 2020 8:44 am
Forum: Investing - Theory, News & General
Topic: Too much S&P 500 index concentration in FAAMGs?
Replies: 67
Views: 4124

Re: Too much S&P 500 index concentration in FAAMGs?

I know you SCV guys are chomping at the bit for your day in the sun... But somehow I don't think SCV (aka Regional Banks) is the answer to too much in Big Tech. Sorry... QVAL holds no banks. At 0.49% ER, I'd rather own individual stocks. Ironic that people are willing to pay 0.49% ER to "BUY THE CH...
by MotoTrojan
Fri Sep 11, 2020 8:42 am
Forum: Personal Finance (Not Investing)
Topic: 401K vs EF
Replies: 8
Views: 591

Re: 401K vs EF

If you have a Roth IRA you could move it to money market to bulk up EF. Can withdraw contributions if the emergency actually comes.
by MotoTrojan
Fri Sep 11, 2020 6:54 am
Forum: Investing - Theory, News & General
Topic: Too much S&P 500 index concentration in FAAMGs?
Replies: 67
Views: 4124

Re: Too much S&P 500 index concentration in FAAMGs?

I know you SCV guys are chomping at the bit for your day in the sun... But somehow I don't think SCV (aka Regional Banks) is the answer to too much in Big Tech. Sorry... QVAL holds no banks. At 0.49% ER, I'd rather own individual stocks. Ironic that people are willing to pay 0.49% ER to "BUY THE CH...
by MotoTrojan
Thu Sep 10, 2020 8:57 pm
Forum: Investing - Theory, News & General
Topic: Too much S&P 500 index concentration in FAAMGs?
Replies: 67
Views: 4124

Re: Too much S&P 500 index concentration in FAAMGs?

000 wrote: Thu Sep 10, 2020 5:07 pm I know you SCV guys are chomping at the bit for your day in the sun...

But somehow I don't think SCV (aka Regional Banks) is the answer to too much in Big Tech.

Sorry...
QVAL holds no banks.
by MotoTrojan
Thu Sep 10, 2020 2:14 pm
Forum: Investing - Theory, News & General
Topic: Too much S&P 500 index concentration in FAAMGs?
Replies: 67
Views: 4124

Re: Too much S&P 500 index concentration in FAAMGs?

Own a total world portfolio with factor tilting and this will be a non-issue. Way more diversified than a U.S. only portfolio, especially one that's just the S&P 500. I don't understand how anyone could possibly have it in their minds that an all-in allocation to the S&P 500 could be considered ful...
by MotoTrojan
Thu Sep 10, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: IRA/Roth IRA Contribution Maximization feature at Vanguard
Replies: 16
Views: 667

Re: IRA/Roth IRA Contribution Maximization feature at Vanguard

It would shock me if you can't easily do this. Maybe give them a call. Well, you can't via the web portal. There is currently no option to pull from anything but an outside eft. Iirc Consider me shocked, and also glad to have moved from Vanguard to Fidelity. Actually, I'm happier with Vanguard's pu...
by MotoTrojan
Thu Sep 10, 2020 2:03 pm
Forum: Investing - Theory, News & General
Topic: Too much S&P 500 index concentration in FAAMGs?
Replies: 67
Views: 4124

Re: Too much S&P 500 index concentration in FAAMGs?

The equal weight indexes don't provide a good alternative. This might actually be a good time to do some sector fund investing as a counterweight to total market and S&P500 top heaviness. Why exactly do equal weight indexes not provide a good alternative? I don't think equal-weight is the ideal sol...