Search found 685 matches

by YRT70
Sun Aug 30, 2020 6:14 am
Forum: Non-US Investing
Topic: Long term currency risk
Replies: 13
Views: 1075

Re: Long term currency risk

If we are talking strictly long term (i.e. ignoring all the speculative froth), the theoeretical (and market actual) answer is based on relative long term interest rates between the two currencies. A currency with a higher interest rate set by that government will, all else being equal, have a curr...
by YRT70
Sun Aug 30, 2020 5:34 am
Forum: Non-US Investing
Topic: Long term currency risk
Replies: 13
Views: 1075

Re: Long term currency risk

If we are talking strictly long term (i.e. ignoring all the speculative froth), the theoeretical (and market actual) answer is based on relative long term interest rates between the two currencies. A currency with a higher interest rate set by that government will, all else being equal, have a curr...
by YRT70
Sun Aug 30, 2020 2:32 am
Forum: Non-US Investing
Topic: Long term currency risk
Replies: 13
Views: 1075

Re: Long term currency risk

If we are talking strictly long term (i.e. ignoring all the speculative froth), the theoeretical (and market actual) answer is based on relative long term interest rates between the two currencies. A currency with a higher interest rate set by that government will, all else being equal, have a curr...
by YRT70
Fri Aug 28, 2020 7:14 am
Forum: Investing - Theory, News & General
Topic: If International, what specifically?
Replies: 88
Views: 7241

Re: If International, what specifically?

I've been wanting to add international small-cap value but I can't find any decent fund to do this. Good luck. I've been looking for years and there all medium/large-cap masquerading as small-cap except for the DFA funds. DFA International Small Cap Value I DISVX would be the one I'd take if I coul...
by YRT70
Thu Aug 27, 2020 8:39 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229737

Re: Small Cap Value heads Rejoice !!!

In January, 1997 Bernstein developed the Academic Cowards Portfolio - http://www.efficientfrontier.com/ef/197/cowar197.htm 25% DFA US Large Cap Value 25% DFA US Small Cap Value 25% DFA Int'l Value 25% DFA Int'l Small Cap Value 1997-2019 performance: https://www.portfoliovisualizer.com/backtest-port...
by YRT70
Thu Aug 27, 2020 1:09 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229737

Re: Small Cap Value heads Rejoice !!!

What are thoughts on diversifying small cap value beyond a single fund? Mine is all VBR but when I compare it to IJS, only 18% of companies are shared among those two funds. Also there was mention of IJS having more of an unintentional profitability tilt in addition to being more value-y. You could...
by YRT70
Wed Aug 26, 2020 9:29 am
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate for someone retiring at 35? Would real estate help or hurt?
Replies: 59
Views: 7489

Re: Safe withdrawal rate for someone retiring at 35? Would real estate help or hurt?

https://cashflowcop.com/wp-content/uploads/2019/03/Big-Ern-SWR.png Historic safe withdrawal rates from ERN. Do today’s low yields invalidate that table? It's a good question. There have been many threads that have discussed it in depth. Here's one I suggest reading: https://www.bogleheads.org/forum...
by YRT70
Wed Aug 26, 2020 6:50 am
Forum: Investing - Theory, News & General
Topic: Looking for great interviews, podcasts, blogs
Replies: 14
Views: 1087

Re: Looking for great interviews, podcasts, blogs

I like the Rational Reminder podcast with Ben Felix.

He has done interviews with William Bernstein, Ken French, Eugene Fama, Michael Kitces and many others. Well worth the listen in my opinion.
by YRT70
Tue Aug 25, 2020 6:44 am
Forum: Personal Investments
Topic: Tax consequences of IB Stock Yield Enhancement program?
Replies: 57
Views: 3801

Re: Tax consequences of IB Stock Yield Enhancement program?

I'm also using the SYEP. I read in another thread that there can be problems with dividend pay outs. Anyone experience that? https://www.bogleheads.org/forum/viewtopic.php?p=2330599&sid=2fa77a1732b01d95553ebf274e17e24f#p2330599 Hi YRT, that was the original point of this post. It seems they can't g...
by YRT70
Tue Aug 25, 2020 6:30 am
Forum: Investing - Theory, News & General
Topic: Best ETFs for shorting: IB Stock yield enhancement
Replies: 41
Views: 2657

Re: Best ETFs for shorting: IB Stock yield enhancement

Sorry, I didn't know you guys were still looking for this. Here's a list of all shortable US stocks at IB, along with the current fee rate. ftp://shortstock@ftp3.interactivebrokers.com/usa.txt Interesting. Is there a different list for IB UK? (I'm with IB UK) #SYM|CUR|NAME|CON|ISIN|REBATERATE|FEERA...
by YRT70
Mon Aug 24, 2020 1:38 pm
Forum: Investing - Theory, News & General
Topic: Best ETFs for shorting: IB Stock yield enhancement
Replies: 41
Views: 2657

Re: Best ETFs for shorting: IB Stock yield enhancement

Sorry, I didn't know you guys were still looking for this. Here's a list of all shortable US stocks at IB, along with the current fee rate. ftp://shortstock@ftp3.interactivebrokers.com/usa.txt Interesting. Is there a different list for IB UK? (I'm with IB UK) #SYM|CUR|NAME|CON|ISIN|REBATERATE|FEERA...
by YRT70
Mon Aug 24, 2020 1:23 pm
Forum: Investing - Theory, News & General
Topic: Best ETFs for shorting: IB Stock yield enhancement
Replies: 41
Views: 2657

Re: Best ETFs for shorting: IB Stock yield enhancement

sean.mcgrath wrote: Mon Jan 13, 2020 1:15 pm
whodidntante wrote: Mon Jan 13, 2020 12:37 pm I believe IB has a page where you can check the borrow rates.

Thanks, I'll have a look -- although the rates vary daily. Will see whether it gives a hint as to which are most popular.
Did you happen to find this out?

From what I recall my VXUS and DLS get lend out quite often.
by YRT70
Mon Aug 24, 2020 1:21 pm
Forum: Personal Investments
Topic: Tax consequences of IB Stock Yield Enhancement program?
Replies: 57
Views: 3801

Re: Tax consequences of IB Stock Yield Enhancement program?

I'm also using the SYEP. I read in another thread that there can be problems with dividend pay outs. Anyone experience that?

viewtopic.php?p=2330599&sid=2fa77a1732b ... f#p2330599
by YRT70
Sun Aug 23, 2020 1:55 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229737

Re: Small Cap Value heads Rejoice !!!

MotoTrojan wrote: Sun Aug 23, 2020 10:29 am Nice that sounds neat. I think it is a good move, even though I opted for FNDC as a core ex-US holding (softer tilts) along with IVAL.
FNDC could be interesting for me too. I see the 5 year performance is a bit better than DLS. Could be due to the TER I guess.
by YRT70
Sun Aug 23, 2020 10:25 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229737

Re: Small Cap Value heads Rejoice !!!

Curious, anyone holding SLYV (or IJS) *and* AVUV? Yep. AVUV has deeper value exposure. VIOV (tracks same index as SLYV/IJS) has a cheaper ER. So rather than choosing one or the other for my SCV allocation I split the difference and hold both. That is what I’ve been doing! I am 25% AVUV, SLYV, AVDV,...
by YRT70
Sun Aug 23, 2020 10:14 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229737

Re: Small Cap Value heads Rejoice !!!

Curious, anyone holding SLYV (or IJS) *and* AVUV? Yep. AVUV has deeper value exposure. VIOV (tracks same index as SLYV/IJS) has a cheaper ER. So rather than choosing one or the other for my SCV allocation I split the difference and hold both. That is what I’ve been doing! I am 25% AVUV, SLYV, AVDV,...
by YRT70
Sun Aug 23, 2020 10:06 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229737

Re: Small Cap Value heads Rejoice !!!

Anyone done much research on XSVM, the S&P600 Small Value w/ Momentum ETF? https://www.invesco.com/us-rest/contentdetail?contentId=118407c649400410VgnVCM10000046f1bf0aRCRD&dnsName=us I did look at this recently. Unfortunately I only have access to the past 10 years of data from the S&P website - ne...
by YRT70
Sun Aug 23, 2020 10:00 am
Forum: Investing - Theory, News & General
Topic: Are these forecasts based on valuations reliable at all?
Replies: 29
Views: 1664

Re: Are these forecasts based on valuations reliable at all?

I was surprised to see in a different forum that most BH expect very low or 0% real returns yet they invest rather heavily in stocks, taking up a lot of risk. Where did you read that? This is what Vanguard expects for the next decade (nominal): U.S. equities 4.0%-6.0% (16.4% median volatility) Glob...
by YRT70
Sun Aug 23, 2020 9:20 am
Forum: Investing - Theory, News & General
Topic: Are these forecasts based on valuations reliable at all?
Replies: 29
Views: 1664

Re: Are these forecasts based on valuations reliable at all?

I was surprised to see in a different forum that most BH expect very low or 0% real returns yet they invest rather heavily in stocks, taking up a lot of risk. Where did you read that? This is what Vanguard expects for the next decade (nominal): U.S. equities 4.0%-6.0% (16.4% median volatility) Glob...
by YRT70
Thu Aug 20, 2020 4:56 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229737

Re: Small Cap Value heads Rejoice !!!

Interesting write up Steve. Thanks. So what would you do? IJS, SLYV, VIOV, AVUV? Personally, just VBR or VIOV. I like that AVUV specifically targets both value and quality, but I’m not a huge fan of how they do it. And I also prefer index funds over actively-managed funds. If Avantis decides liquid...
by YRT70
Wed Aug 19, 2020 2:25 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229737

Re: Small Cap Value heads Rejoice !!!

Interesting write up Steve. Thanks. So what would you do? IJS, SLYV, VIOV, AVUV?
by YRT70
Wed Aug 19, 2020 11:07 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229737

Re: Small Cap Value heads Rejoice !!!

Due to a change in brokers I'm now able to buy VIOV or SLYV. My current SCV position is in IJS. Fund, TER, 5 year performance IJS, 0.25, 4.48% VIOV, 0.15, 4.53% SLYV, 0.15, 4.6% Do you guys think it's worthwhile to switch from IJS to SLYV or VIOV? If so, which one would you chose? I wouldn't be sur...
by YRT70
Wed Aug 19, 2020 10:50 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229737

Re: Small Cap Value heads Rejoice !!!

Due to a change in brokers I'm now able to buy VIOV or SLYV. My current SCV position is in IJS.

Fund, TER, 5 year performance
IJS, 0.25, 4.48%
VIOV, 0.15, 4.53%
SLYV, 0.15, 4.6%

Do you guys think it's worthwhile to switch from IJS to SLYV or VIOV? If so, which one would you chose?
by YRT70
Mon Aug 17, 2020 5:53 am
Forum: Investing - Theory, News & General
Topic: Designing and Optimizing a Factor Tilt/Risk Parity Portfolio
Replies: 28
Views: 2274

Re: Designing and Optimizing a Factor Tilt/Risk Parity Portfolio

And I'm also no fan of having an underweight in emerging markets. So I'd propose an alternative: 40% Vanguard US Multifactor ETF (VFMF) 15% Avantis International Small Cap Val ETF (AVDV) 15% Avantis Emerging Markets Equity ETF (AVEM) 20% Vanguard Extended Duration Trs ETF (EDV) 10% Schwab US TIPS E...
by YRT70
Sat Aug 15, 2020 11:30 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229737

Re: Small Cap Value heads Rejoice !!!

White Coat Investor did a podcast interview with Rick Ferri and Paul Merriman about factor investing. I found it interesting that both Rick and Paul expect SCV to outperform TSM over the next 10 years. I was surprised to hear that from Rick, not from Paul of course. https://www.whitecoatinvestor.co...
by YRT70
Sat Aug 15, 2020 10:59 am
Forum: Investing - Theory, News & General
Topic: Latest Thoughts from Larry Swedroe
Replies: 35
Views: 5376

Re: Latest Thoughts from Larry Swedroe

I thought his recent comments regarding concentration of the top 5 stocks by market cap Thanks for sharing. Did you mean this tweet only or was there an article about it? Thinking about diversification? As of 6/30 the top 5 companies in S&P 500 by market cap are larger than the bottom 350 companies...
by YRT70
Sat Aug 15, 2020 10:40 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229737

Re: Small Cap Value heads Rejoice !!!

White Coat Investor did a podcast interview with Rick Ferri and Paul Merriman about factor investing. I found it interesting that both Rick and Paul expect SCV to outperform TSM over the next 10 years. I was surprised to hear that from Rick, not from Paul of course. https://www.whitecoatinvestor.co...
by YRT70
Sat Aug 15, 2020 10:14 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229737

Re: Small Cap Value heads Rejoice !!!

White Coat Investor did a podcast interview with Rick Ferri and Paul Merriman about factor investing. I found it interesting that both Rick and Paul expect SCV to outperform TSM over the next 10 years. I was surprised to hear that from Rick, not from Paul of course. https://www.whitecoatinvestor.co...
by YRT70
Sat Aug 15, 2020 2:55 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229737

Re: Small Cap Value heads Rejoice !!!

White Coat Investor did a podcast interview with Rick Ferri and Paul Merriman about factor investing. I found it interesting that both Rick and Paul expect SCV to outperform TSM over the next 10 years. I was surprised to hear that from Rick, not from Paul of course. https://www.whitecoatinvestor.com...
by YRT70
Mon Aug 03, 2020 10:48 am
Forum: Investing - Theory, News & General
Topic: What Would Be Your US/Int Equity Split If You Lived Outside US?
Replies: 58
Views: 2665

Re: What Would Be Your US/Int Equity Split If You Lived Outside US?

Market cap, so about 56/44. I live outside US btw.
by YRT70
Mon Aug 03, 2020 9:30 am
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 279
Views: 15277

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

Pfau's methodology says that a rising equity glidepath obtains 1% higher SWR's than a constant asset allocation, therefore using a rising equity glidepath is a good idea. My methodology says that there is a third asset allocation that performs 20% better (using the same utility function) and is jus...
by YRT70
Sun Aug 02, 2020 5:44 am
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 279
Views: 15277

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

Pfau's methodology says that a rising equity glidepath obtains 1% higher SWR's than a constant asset allocation, therefore using a rising equity glidepath is a good idea. My methodology says that there is a third asset allocation that performs 20% better (using the same utility function) and is jus...
by YRT70
Fri Jul 31, 2020 3:01 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9401
Views: 752196

Re: U.S. stocks continue to soar!

Agreed. But not much we can do right? There are a couple of options: 1) Move to the US. 2) Increase your home bias. 3) Hedge currency, reduce volatility and thus longterm returns. 4) Cry. I'm doing a combination of 2 and 4. Does it make sense to do 2 and 4 after the dollar took the hit? I understan...
by YRT70
Thu Jul 30, 2020 10:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9401
Views: 752196

Re: U.S. stocks continue to soar!

Stef wrote: Thu Jul 30, 2020 2:01 am
YRT70 wrote: Thu Jul 30, 2020 1:43 am Same here. About 60% of my portfolio is US. USD is taking a beating vs. Euro.
USD is down -7.4% in CHF and -6.5% in EUR since January 2.

So while SP500 is back to 0% YTD as of today, as an European investor you are still down -7% YTD. This sucks.
Agreed. But not much we can do right?
by YRT70
Thu Jul 30, 2020 1:43 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9401
Views: 752196

Re: U.S. stocks continue to soar!

USD just keeps losing value :( Why sad face? CHF is my base currency and US is making up 63% of my portfolio right now. So while it's great that US stocks are soaring, I'm still losing due to the USD. It just keeps going down lately. Same here. About 60% of my portfolio is US. USD is taking a beati...
by YRT70
Sun Jul 26, 2020 1:31 am
Forum: Investing - Theory, News & General
Topic: Everyone's a Day Trader Now (WSJ article)
Replies: 48
Views: 6389

Re: Everyone's a Day Trader Now (WSJ article)

"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett.
by YRT70
Fri Jul 24, 2020 10:25 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein interview on Rational Reminder "Praying for a bear market"
Replies: 34
Views: 6065

Re: William Bernstein interview on Rational Reminder "Praying for a bear market"

BolderBoy wrote: Fri Jul 24, 2020 5:58 pm 22 minutes into the interview, what is "value cost averaging"?
Here's an explanation: https://www.investopedia.com/articles/s ... cavsva.asp

I'm surprised it gets so little mention on these forums, given that Bernstein thinks it's superior to DCA.
by YRT70
Thu Jul 23, 2020 10:14 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein interview on Rational Reminder "Praying for a bear market"
Replies: 34
Views: 6065

William Bernstein interview on Rational Reminder "Praying for a bear market"

Thought this was a great interview with Bernstein. Nothing ground breaking, just good concise info. In keeping with our recent tide of incredible guests, today’s one is no exception. Dr. William Bernstein, a financial theorist, advisor, and neurologist, joins us to share some of his incredible insig...
by YRT70
Wed Jul 22, 2020 9:24 pm
Forum: Investing - Theory, News & General
Topic: Insiders Who Nailed Market Bottom Are Starting to Sell Stocks
Replies: 33
Views: 5068

Re: Insiders Who Nailed Market Bottom Are Starting to Sell Stocks

Every day, without fail, news outlets have to have something to publish. Oftimes it is more important that something gets written, than that something important, new, intriguing, thought-provoking, or ground-breaking gets written. Case in point: this. +1000 Also for click revenue even if the story ...
by YRT70
Tue Jul 21, 2020 9:08 pm
Forum: Investing - Theory, News & General
Topic: Are we better off now than Dec 2018?
Replies: 264
Views: 21052

Re: Are we better off now than Dec 2018?

Epic thread. And at the same time I realise that OP may still get to be right later on. I will bet you one years worth of me not mentioning VTSAX (including changing my signature) that the OP will be thoroughly dead wrong in the >10 year horizon. I hope you're right. Chances are you are. The long t...
by YRT70
Mon Jul 20, 2020 8:44 pm
Forum: Investing - Theory, News & General
Topic: Convince me not to sell all my US equities to Cash temporarily
Replies: 135
Views: 11443

Re: Convince me not to sell all my US equities to Cash temporarily

Hi Everyone. For context, I'm 36 years old, married , one child. Less than $500k invested (index funds). 80/20 portfolio. I'm having a really hard time right now, not wanting to temporarily sell all my US equities to cash. The way that US stocks have rebounded baffles me and US equities seem comple...
by YRT70
Mon Jul 20, 2020 8:42 pm
Forum: Investing - Theory, News & General
Topic: Are we better off now than Dec 2018?
Replies: 264
Views: 21052

Re: Are we better off now than Dec 2018?

Epic thread.

And at the same time I realise that OP may still get to be right later on.
by YRT70
Sun Jul 19, 2020 1:55 am
Forum: Investing - Theory, News & General
Topic: With interest rates at zero, is VBTLX still a sensible component of the Three Fund Portfolio?
Replies: 117
Views: 8367

Re: With interest rates at zero, is VBTLX still a sensible component of the Three Fund Portfolio?

OP, I found this article to be relevant for the questions you're asking. Ben Carlson: Why I’m More Worried About the Bond Market Than the Stock Market https://awealthofcommonsense.com/2020/03/why-im-more-worried-about-the-bond-market-than-the-stock-market/ Ultimately, whether you hold a US aggregate...
by YRT70
Fri Jul 17, 2020 9:42 pm
Forum: Investing - Theory, News & General
Topic: “Opinion: The hidden risk in your S&P 500 index fund“
Replies: 18
Views: 2165

Re: “Opinion: The hidden risk in your S&P 500 index fund“

Thoughts? https://www.marketwatch.com/story/the-hidden-risk-hiding-in-your-sp-500-index-fund-2020-07-17 What are your thoughts on the past threads on this same topic? I am definitely learning a lot by reading past threads on the same topic, however I am asking specifically about this article for wh...
by YRT70
Thu Jul 16, 2020 11:50 pm
Forum: Non-US Investing
Topic: Is Tastyworks a good broker? Or other US brokers for Europeans?
Replies: 2
Views: 662

Re: Is Tastyworks a good broker? Or other US brokers for Europeans?

I've opened my account with Tastyworks. Everything works well.

I'm still looking for opinions on how safe and reliable this company is.
by YRT70
Thu Jul 16, 2020 7:59 pm
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau will be my next Bogleheads podcast guest
Replies: 42
Views: 3903

Re: Dr. Wade Phau will be my next Bogleheads podcast guest

The fact that an insurance company sponsored his research is interesting. I hope you bring it up Rick. I'm curious how he responds to that.
by YRT70
Thu Jul 16, 2020 12:11 am
Forum: Investing - Theory, News & General
Topic: Forbes article: "This 5-Fund Portfolio Pays A Monthly 8.9% Dividend"
Replies: 25
Views: 3713

Forbes article: "This 5-Fund Portfolio Pays A Monthly 8.9% Dividend"

This article showed up in my news feed. I quickly looked up some stats on these "funds" and already noticed high costs and lagging performance to total market at Morningstar. Obviously I'm very skeptical of the claims made in the article. But I'm unfamiliar with these kind of funds so I was wonderin...
by YRT70
Mon Jul 13, 2020 2:12 am
Forum: Investing - Theory, News & General
Topic: DFA Small-Cap Value has now underperformed since inception
Replies: 111
Views: 6822

Re: DFA Small-Cap Value has now underperformed since inception

Uncorrelated, for that last comment: probably also important to note the expense ratio of DFSVX? Quite a bit higher than VTSMX.