Search found 117 matches

by fwellimort
Wed Feb 27, 2019 7:03 am
Forum: Investing - Theory, News & General
Topic: Fidelity’s Fees on Low-Cost Funds Eyed in Government Probe - oops...
Replies: 43
Views: 5323

Re: Fidelity’s Fees on Low-Cost Funds Eyed in Government Probe - oops...

Moral of story: Buy Fidelity funds at Fidelity. Buy Vanguard funds at Vanguard. Buy Schwab funds at Schwab. Don't buy Vanguard funds from Fidelity. There will be extra fees (but I thought this was well known? Fidelity's UI is pretty upfront with that). I don't think this really means much for Fideli...
by fwellimort
Tue Feb 26, 2019 9:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Ups the Ante in an ETF Race to Zero - Fees are coming down on seven ETFs
Replies: 97
Views: 10017

Re: Vanguard Ups the Ante in an ETF Race to Zero Fees are coming down on seven ETFs, with combined assets of more t

Now: what is in it for Fidelity, if you park $5MM in their brokerage, all invested in buy-and-hold ETF strategies? Security lending. Convincing the average Joe to their more expensive products (though to be quite frank, Fidelity's actively managed funds are also getting quite low in fees now and te...
by fwellimort
Tue Feb 26, 2019 7:37 pm
Forum: Investing - Theory, News & General
Topic: Buffett's Shareholder Letter for 2018
Replies: 43
Views: 5010

Re: Buffett's Shareholder Letter for 2018

Yes. No one can ever know for sure on anyone. But scientifically, the chance of him "not" having alpha at this point is incredibly low. https://www.nber.org/papers/w19681 Even the National Bureau of Economic Research admits such rarity. And Buffett's mentor, Graham, was also a stupidly phenomenal in...
by fwellimort
Tue Feb 26, 2019 7:12 pm
Forum: Investing - Theory, News & General
Topic: Buffett's Shareholder Letter for 2018
Replies: 43
Views: 5010

Re: Buffett's Shareholder Letter for 2018

I don't understand why people are so quick to criticize Buffett. Buffett has proven himself over time to be a phenomenal investor. Overall Gain – 1964-2018: Berkshire: 2,472,627% S&P500: 15,019% "The S&P 500 numbers are pre-tax whereas the Berkshire numbers are after-tax" Honestly, in a taxable acco...
by fwellimort
Mon Feb 25, 2019 10:55 pm
Forum: Personal Investments
Topic: Theory: NOW is the Best Time for Total World Stock
Replies: 145
Views: 19668

Re: Theory: NOW is the Best Time for Total World Stock

Does the OP recommend this strategy for older US investors with a shorter a time frame? I'm almost 66 and have no legacy motive. If I'm lucky, I'll have 20 good years left. How far, in your imagination, will the US decline in 20 years? The British Empire pretty much ended around 1900 and the remnan...
by fwellimort
Mon Feb 25, 2019 9:29 pm
Forum: Personal Investments
Topic: Theory: NOW is the Best Time for Total World Stock
Replies: 145
Views: 19668

Re: Theory: NOW is the Best Time for Total World Stock

I do wonder though, with the recent generation pouring more and more to international unlike the previous generations, how much of an impact that would have in the growth in the international market relative to the US market. It might sound "un-patriotic" but as more people are opting target date fu...
by fwellimort
Mon Feb 25, 2019 12:23 pm
Forum: Investing - Theory, News & General
Topic: "You're More Internationally Diversified Than You (Probably) Realize"
Replies: 139
Views: 10962

Re: "You're More Internationally Diversified Than You (Probably) Realize"

It's hardly a free lunch if you may have to wait decades for the benefit to manifest itself, if it ever does. From 1986-2018, the U.S. had real annual returns of 7.42% vs. 4.18% for international. International would have to have returns of 174% to bring returns back to equal, which is possible but...
by fwellimort
Mon Feb 25, 2019 11:25 am
Forum: Personal Consumer Issues
Topic: Which Free Antivirus for Macs?
Replies: 26
Views: 1779

Re: Which Free Antivirus for Macs?

Personal experience, don't really think you need an antivirus for either Mac or PC (or Linux). I use Windows / Ubuntu / Mac and forever~, haven't really dealt with any virus/malware issues. As long as you don't click on the dumbest stuffs, I feel you should be fine. Get an ad blocker extension like ...
by fwellimort
Mon Feb 25, 2019 10:07 am
Forum: Personal Investments
Topic: Tax Loss VTIAX to Fidelity
Replies: 3
Views: 491

Re: Tax Loss VTIAX to Fidelity

Want to make sure this works: 2. Buy the equivalent amount that is sold above in my 401k into FSPSX which is Fidelity International Index fund. Here is a fact sheet of the holdings: https://fundresearch.fidelity.com/mutual-funds/summary/315911727 VTIAX != FSPSX VTIAX and FSPSX follow very different...
by fwellimort
Sun Feb 24, 2019 10:56 pm
Forum: Investing - Theory, News & General
Topic: "You're More Internationally Diversified Than You (Probably) Realize"
Replies: 139
Views: 10962

Re: "You're More Internationally Diversified Than You (Probably) Realize"

Have a look at the graph in this article of US vs Int'l performance history: https://www.factorinvestor.com/blog/investing-outside-the-us-purgatory-for-pessimists That's basically the results I got in my other posts too. (consistent monthly investments) 1986 to 2009 re-balancing (before this sudden...
by fwellimort
Sun Feb 24, 2019 10:04 pm
Forum: Investing - Theory, News & General
Topic: Backtest Portfolio With International Allocation
Replies: 8
Views: 792

Re: Backtest Portfolio With International Allocation

80/20 allocation with annual rebalancing: 1986 to 2019 80/20: 9.67% 100/0: 10.15% 80/20 allocation without annual rebalancing: 1986 to 2019 80/20: 9.70% 100/0: 10.15% 80/20 allocation with annual rebalancing: 1986 to 2009 (before current 10 year bull market) 80/20: 9.25% 100/0: 9.31% With the US Mar...
by fwellimort
Sun Feb 24, 2019 8:16 pm
Forum: Personal Consumer Issues
Topic: Adobe PDF issues
Replies: 11
Views: 672

Re: Adobe PDF issues

I second Foxit Reader.
So much better than Adobe. It's much lighter so it's faster for everyday usage. Opens PDF ridiculously fast in comparison to the time it takes to open PDF with Adobe.
by fwellimort
Sun Feb 24, 2019 7:52 pm
Forum: Investing - Theory, News & General
Topic: "You're More Internationally Diversified Than You (Probably) Realize"
Replies: 139
Views: 10962

Re: "You're More Internationally Diversified Than You (Probably) Realize"

So, I’d rather own the top performing market every year rather than hitch my wagon to 1 country and ignore the fact that there have been stretches where International outperforms the US. Same here. I made a post on this quite a few hours ago. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=27...
by fwellimort
Sun Feb 24, 2019 5:30 pm
Forum: Investing - Theory, News & General
Topic: Backtest Portfolio With International Allocation
Replies: 8
Views: 792

Re: Backtest Portfolio With International Allocation

Ya. But also I thought this would point out in the long run, diversifying doesn't mean "I get 0% return. International!" In fact, annual re-balancing until 2009 (the year when stock market was going back up from 2008), the returns of the 3 portfolios were vastly similar geometric mean wise. 60/40: 9...
by fwellimort
Sun Feb 24, 2019 1:01 pm
Forum: Investing - Theory, News & General
Topic: Backtest Portfolio With International Allocation
Replies: 8
Views: 792

Re: Backtest Portfolio With International Allocation

Rebalance annually results: Initial: $1000 with $500 monthly *Final: 60/40: $1,218,365 70/30: $1,325,554 100/0: $1,692,702 *Geometric mean: 60/40: 9.1% 70/30: 9.4% 100/0: 10.15% *Max. Drawdown: 60/40: -54.03% 70/30: -53.26% 100/0: -50.89% *Sharpe: 60/40: 0.45 70/30: 0.47 100/0: 0.51 *Low year: 60/4...
by fwellimort
Sun Feb 24, 2019 12:40 pm
Forum: Investing - Theory, News & General
Topic: Backtest Portfolio With International Allocation
Replies: 8
Views: 792

Backtest Portfolio With International Allocation

Found some surprising results. https://www.portfoliovisualizer.com/backtest-asset-class-allocation#analysisResults I understand International is such a drag to portfolios. So I decided to see on backtest portfolios if you regularly invested monthly. The result I found was that the results were vastl...
by fwellimort
Sat Feb 23, 2019 3:42 am
Forum: Personal Finance (Not Investing)
Topic: Help with Wash Sale
Replies: 3
Views: 130

Help with Wash Sale

Yesterday I was purchasing ITOT/IXUS. I meant to buy 60% ITOT 40% IXUS but instead purchasing 60% IXUS 40% ITOT. Being a bit order of an order freak, I quickly sold both again to redo the proportions (looking back, I should have just sold some shares of IXUS for ITOT) So I quickly bought both and th...