Search found 1384 matches

by Elysium
Mon Oct 08, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Raiding 401k/IRA - How much is peace of mind worth?
Replies: 13
Views: 1161

Re: Raiding 401k/IRA - How much is peace of mind worth?

Not at all worth it. Don't do it unless you are struggling to put food on the table.

Instead, try to pay off debts by attacking them as suggested by Dave Ramsey, and to reduce rates look around for ZERO interest balance transfer CC offers. Build some cash on the side, even using small amounts.
by Elysium
Sun Oct 07, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Examining Bond Premiums
Replies: 7
Views: 908

Re: Larry Swedroe: Examining Bond Premiums

Another thing to note is that high yield bonds do not always move in lock step with equities during downturns, on the contrary they actually do tend to stay positive most of the time. If you inspect the last 30 years, there has been just two instances when HY went down along with equities, one of th...
by Elysium
Sun Oct 07, 2018 7:56 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Examining Bond Premiums
Replies: 7
Views: 908

Re: Larry Swedroe: Examining Bond Premiums

A 50/50 bond allocation that paired High Yield Corp Bonds with high quality bonds is likely to have better risk adjusted returns than a 100% high quality bond allocation. While it may have higher drawdown chances, it isn't large enough to forgo the extra returns to be had from their inclusion. An e...
by Elysium
Sun Oct 07, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Examining Bond Premiums
Replies: 7
Views: 908

Re: Larry Swedroe: Examining Bond Premiums

A 50/50 bond allocation that paired High Yield Corp Bonds with high quality bonds is likely to have better risk adjusted returns than a 100% high quality bond allocation. While it may have higher drawdown chances, it isn't large enough to forgo the extra returns to be had from their inclusion. An ex...
by Elysium
Sun Oct 07, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: What part of your investment philosophy was "Inspired by Jack Bogle"?
Replies: 27
Views: 1197

Re: What part of your investment philosophy was "Inspired by Jack Bogle"?

Just two things: 1. Costs Matter 2. Stay the course That is all there is to investing. Not many others are able to distill it down to this important message, as they go all over the place with EMH, MPT, Factors, Noncorrelation, Beta, this and that, and in the end they have no message at all worth fo...
by Elysium
Sat Oct 06, 2018 8:12 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!
Replies: 18
Views: 1223

Re: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!

Never thought I would see the day when there is a serious debate on which one of the loser funds earning 2% annualized over 3 yeard period is better, that too at a time a straight S&P 500 fund would have earned 15% annualized. I think the point of investing in alternatives is that there may be peri...
by Elysium
Sat Oct 06, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: Where is that value premium?
Replies: 57
Views: 4240

Re: Where is that value premium?

So explain again why there is so much emphasis put to tilting to small cap value instead of small cap growth? I can easily imagine someone reasonable owning a blend fund. I must admit that I'm curious who owns growth funds and why? Hmm.. may be someone who owns a value fund and a growth fund instea...
by Elysium
Sat Oct 06, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: 20 countries where 200K in retirement savings will last you decades
Replies: 75
Views: 9259

Re: 20 countries where 200K in retirement savings will last you decades

Very nice summary! This is what I would have written myself if I had to. I have long held the view that Spain and Portugal are two of the best options of US citizens to live abroad reasonably, and much of elsewhere are not good options. Although I am not sure how the language will play out in eithe...
by Elysium
Sat Oct 06, 2018 5:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!
Replies: 18
Views: 1223

Re: Vanguard's Shtekman and Xu beat Asness: Alt. Strategies (VASFX) vs. AQR (QSPIX)!

Never thought I would see the day when there is a serious debate on which one of the loser funds earning 2% annualized over 3 yeard period is better, that too at a time a straight S&P 500 fund would have earned 15% annualized.
by Elysium
Sat Oct 06, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: 20 countries where 200K in retirement savings will last you decades
Replies: 75
Views: 9259

Re: 20 countries where 200K in retirement savings will last you decades

One of the major considerations I have in moving to another country, or even within the US, is family / friends and the ability for children / grandchildren to visit. I just don't know how I will feel in a place that I have no connection of either growing up or having worked / lived to establish som...
by Elysium
Sat Oct 06, 2018 4:41 pm
Forum: Personal Consumer Issues
Topic: pre med then med school factors
Replies: 18
Views: 888

Re: pre med then med school factors

I am asking this question to learn about this topic. Is pre med then med school a good option? factors: 4 years of college, 4 of medical school, 3-5 of internship/residency, 3-5 of fellowship lots of competitive exams stress sleepless nights student loans enter the workforce late long job hours on ...
by Elysium
Sat Oct 06, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: 20 countries where 200K in retirement savings will last you decades
Replies: 75
Views: 9259

Re: 20 countries where 200K in retirement savings will last you decades

Here's my geopolitical/quality of life take on the countries on the list. Mind you, I lived in Colombia during the heyday of the drug cartels, so I can tolerate quite a bit of violence before things get to me (so long as I have electricity, good food, and functional plumbing). Ecuador High crime, o...
by Elysium
Sat Oct 06, 2018 1:20 pm
Forum: Investing - Theory, News & General
Topic: Doubling down on EM [Emerging Market]
Replies: 55
Views: 5988

Re: Doubling down on EM

I have held EM / value for long period and continue to hold, and agree the volatility during last few years hasn't been rewarded with higher returns. One day it will come back with high returns, just don't know when and if ever. That said, I have decided not to add anymore to it during the latest de...
by Elysium
Fri Oct 05, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: Where is that value premium?
Replies: 57
Views: 4240

Re: Where is that value premium?

I have a simple rule. Never complain when an asset I hold has returned 9% over 20 years! Even if that means other assets may have gained more. I have held a SV fund (combination of Vanguard and DFA overlapping years) for close to 15 years and it (they) has made over 9% I think. I also hold large gro...
by Elysium
Fri Oct 05, 2018 11:19 am
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8173

Re: Key differences between investing philosophies: Swedroe vs. Bogle

Well, I’m the guy who posts his articles. Just to be clear, I’m not promoting him or his business. I’m promoting the education he provides. I disagree. By posting his work, repeatedly, you are, in effect, promoting and endorsing it. Bogleheads memebership has increaed many folds over the years, and...
by Elysium
Fri Oct 05, 2018 8:26 am
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8173

Re: Key differences between investing philosophies: Swedroe vs. Bogle

My point is, do not think about Bogle as one dimensional, after all he managed the original Wellington fund, another widely successful fund over long periods. He is far more nuanced when it comes to investment principles and he understands all the factor matters more than anyone else I suspect. It's...
by Elysium
Fri Oct 05, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8173

Re: Key differences between investing philosophies: Swedroe vs. Bogle

When comparing performance results, let's not forget that Bogle also created the Windsor funds and the Primecap funds, even though they are managed by outside firms he selected those management teams, brought them in, instituted low fees unheard of for active management, and gave them a chance to su...
by Elysium
Thu Oct 04, 2018 9:54 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8173

Re: Key differences between investing philosophies: Swedroe vs. Bogle

Wow, some pretty deep thought out responses in this thread. Several way past me. My view is simple. Larry is trying to sell people something to make money, period. Jack hasn't had to sell anything in a long time, and simply preaches philosophy. Larry=salesman, selfish (though does share a lot of th...
by Elysium
Thu Oct 04, 2018 9:16 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8173

Re: Key differences between investing philosophies: Swedroe vs. Bogle

Jack believes in portfolio simplicity. Larry believes in portfolio complexity. I believe in Jack. Rick Ferri Bogleheads: I believe in Jack and Rick Ferri. Best wishes. Taylor Taylor, I am sooooo old, that I remember when Rick Ferri believed in factor tilting. Somewhere, I have his book on "All Abou...
by Elysium
Thu Oct 04, 2018 8:20 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8173

Re: Key differences between investing philosophies: Swedroe vs. Bogle

Difference between Jack's advice and Larry's, I will put it this way: Bogle's advice is timeless and it will stand the test of time. Swedroe's advice is flavor of the decade, it may not stand the test of time. Question one need to ask, do I feel lucky? Full disclosure: I do not own a 3-fund portfol...
by Elysium
Thu Oct 04, 2018 7:22 am
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8173

Re: Key differences between investing philosophies: Swedroe vs. Bogle

Just wanted to point out the obvious, before this gets out of hand. This comparison is a farce, as they are not equals. Bogle is a titan of the industry who started a revolution and built the most successful and largest investment company in the world. He has made it possible for millions of ordina...
by Elysium
Thu Oct 04, 2018 7:21 am
Forum: Investing - Theory, News & General
Topic: Fidelity to Vanguard in-kind rollover
Replies: 1
Views: 216

Fidelity to Vanguard in-kind rollover

Talked to customer service reps from Fidelity and Vanguard about in-kind rollover of 401(k) assets to Vanguard IRA, including closed funds. According to what I learned this is possible as long as the initiating institution can do it. In this case Fidelity. The rep said how the process works is first...
by Elysium
Wed Oct 03, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8173

Re: Key differences between investing philosophies: Swedroe vs. Bogle

Just wanted to point out the obvious, before this gets out of hand. This comparison is a farce, as they are not equals. Bogle is a titan of the industry who started a revolution and built the most successful and largest investment company in the world. He has made it possible for millions of ordinar...
by Elysium
Wed Oct 03, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8173

Re: Key differences between investing philosophies: Swedroe vs. Bogle

Difference between Jack's advice and Larry's, I will put it this way: Bogle's advice is timeless and it will stand the test of time. Swedroe's advice is flavor of the decade, it may not stand the test of time. Question one need to ask, do I feel lucky? Full disclosure: I do not own a 3-fund portfoli...
by Elysium
Wed Oct 03, 2018 12:17 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8173

Re: Key differences between investing philosophies: Swedroe vs. Bogle

But Rick Ferri, you have written and published entire books in the past that have essentially validated a strategy similar to that espoused by Larry Swedroe. I realize that one can change, but just dropping in on this thread and not covering your past ... is that fair and honest? Should we be burni...
by Elysium
Thu Sep 27, 2018 6:49 pm
Forum: Personal Consumer Issues
Topic: Anyone ever tired of managing hair and consider shaving to go bald
Replies: 59
Views: 4439

Re: Anyone ever tired of managing hair and consider shaving to go bald

OP here. After reading all the different ideas on how to shave the head, some even mention daily, it sounds more complicated than keeping the hair! I am somewhat surprised at how popular this topic is. I guess I will try it at some point in future just to see how it looks and feels.
by Elysium
Thu Sep 27, 2018 6:44 pm
Forum: Investing - Theory, News & General
Topic: Take your canes out in Emerging Markets
Replies: 39
Views: 7537

Re: Take your canes out in Emerging Markets

Managers Positioning http://i64.tinypic.com/ay8tfp.jpg wow, really shows that for whatever reason markets participants' expectations are crashing through the basement floor with respect to emerging markets. i think those expectations are going to improve over the next few years. good luck. One reas...
by Elysium
Tue Sep 25, 2018 9:59 pm
Forum: Personal Consumer Issues
Topic: Anyone ever tired of managing hair and consider shaving to go bald
Replies: 59
Views: 4439

Re: Anyone ever tired of managing hair and consider shaving to go bald

It's not the morning routine, that's never a problem. It's just bothering me every once in a while. I also do a lot of cycling and wear a helmet, and that causes too much sweating and sticking to head and all that.
by Elysium
Tue Sep 25, 2018 9:39 pm
Forum: Personal Consumer Issues
Topic: Anyone ever tired of managing hair and consider shaving to go bald
Replies: 59
Views: 4439

Re: Anyone ever tired of managing hair and consider shaving to go bald

I didn't mean stigma in a very strong sense, just others getting used to the new look. I want to try it, but afraid to pull it off.
by Elysium
Tue Sep 25, 2018 9:24 pm
Forum: Personal Consumer Issues
Topic: Anyone ever tired of managing hair and consider shaving to go bald
Replies: 59
Views: 4439

Anyone ever tired of managing hair and consider shaving to go bald

I have been considering it now and then, but the fear or social stigma especially in the work place is keeping me away from doing it. Not to speak of unspeakable horrors at home from my spouse and kids. But, I want to feel free sometimes of the hair, and at least for once try it. Has anyone else tri...
by Elysium
Tue Sep 25, 2018 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Equity holdings heavily concentrated in Primecap funds
Replies: 6
Views: 831

Re: Equity holdings heavily concentrated in Primecap funds

Posting a small snippet from a detailed writeup found elsewhere: Of the original triumvirate who started Primecap, only the septuagenarian Theo Kolokotrones remains; yet the firm’s investment talent shows no signs of letting up, thanks to its best-in-class approach to recruiting. Kolokotrones and fi...
by Elysium
Tue Sep 25, 2018 6:29 pm
Forum: Investing - Theory, News & General
Topic: US TSM returns since 2009
Replies: 19
Views: 1993

Re: US TSM returns since 2009

This is pretty stunning. I mean, we all know this and yet it looks so unreal it happened, and it has to revert back to the mean. What is the mean? Around 8% Nice. I'll take it. It'll take a nice hair cut from here on to reach that. But what time period was selected to derive this number? 1825-2017
by Elysium
Tue Sep 25, 2018 7:19 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Factors Persist In Emerging Markets
Replies: 31
Views: 2410

Re: Larry Swedroe: Factors Persist In Emerging Markets

Yes. To say certain factor has provided a risk premium is perfectly fine. To say this factor provides a premium is definitive meaning it ALWYS provides a premium. That cannot be known. Are there really that many people confusing that distinction? The same could be said for just stocks in general to...
by Elysium
Tue Sep 25, 2018 7:08 am
Forum: Investing - Theory, News & General
Topic: US TSM returns since 2009
Replies: 19
Views: 1993

Re: US TSM returns since 2009

MJW wrote:
Tue Sep 25, 2018 12:03 am
Elysium wrote:
Mon Sep 24, 2018 9:03 pm
This is pretty stunning. I mean, we all know this and yet it looks so unreal it happened, and it has to revert back to the mean.
What is the mean?
Around 8%
by Elysium
Mon Sep 24, 2018 9:03 pm
Forum: Investing - Theory, News & General
Topic: US TSM returns since 2009
Replies: 19
Views: 1993

US TSM returns since 2009

I was playing around with various asset mixes and even though I knew the past 10 years were really good for US Market, it didn't strike me how huge it is until I checked. Since Jan 2009 to end of Aug 2018, US TSM produced 15.41% annualized, without a single year of -ve returns. During the same perio...
by Elysium
Mon Sep 24, 2018 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason to leave the 401(k) with previous employer open
Replies: 25
Views: 2599

Re: Any reason to leave the 401(k) with previous employer open

Definitely check fees. In my last employer's crappy plan, each withdrawal was hit with a $40 fee. In some states, a 401K is better protected from lawsuits than an IRA. Right thought, but a little off. 401k's are protected under federal law, specifically ERISA. It does not matter what state you live...
by Elysium
Mon Sep 24, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Factors Persist In Emerging Markets
Replies: 31
Views: 2410

Re: Larry Swedroe: Factors Persist In Emerging Markets

Elysium, Are you sticking with EM going forward? We really can invest looking in one direction, forward. Your 15 year experience is fairly long by individual investor lifetime standards, but a pretty small sample by historical standards. I’m guessing that your answer is yes. If you’ve stuck with EM...
by Elysium
Mon Sep 24, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason to leave the 401(k) with previous employer open
Replies: 25
Views: 2599

Re: Any reason to leave the 401(k) with previous employer open

Thanks to all for chiming in. Couple of commets: There is some small admin fees for the expanded choice funds that I am using (DFA). But it is only coming to about 0.02% of total assets invested in the funds charging the admin fees. I guess this is not a deal breaker. Everything is fully vested. I d...
by Elysium
Mon Sep 24, 2018 6:38 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Factors Persist In Emerging Markets
Replies: 31
Views: 2410

Re: Larry Swedroe: Factors Persist In Emerging Markets

Here is what I know. I have been invested in Emerging Markets since 2004, in the beginning with an EM core fund and in the DFA Emerging Market Value (DFEVX) fund since mid 2005. After neary 14 years my return is 6.7% as of present. During this time frame, S&P 500 probably returned 9% or so (without ...
by Elysium
Mon Sep 24, 2018 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Any reason to leave the 401(k) with previous employer open
Replies: 25
Views: 2599

Any reason to leave the 401(k) with previous employer open

I have an account from previous open with Fidelity that I have left open for the last 2+ years. I have a rollover IRA at Vanguard and a Roth. I have kept the 401(k) open for various reasons, for one I don't have a problem with investment choices in that account. It has a wide range of funds that are...
by Elysium
Fri Sep 21, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate dropping like a rock in U.K. - can the U.S. be far behind?
Replies: 68
Views: 12424

Re: Real estate dropping like a rock in U.K. - can the U.S. be far behind?

It’s all based on location. The 1951 house next door to mine with 1500 square feet is getting its list at $770k. Granted there is this "proximity to Gray" factor which lifts housing prices ;-). But where in the USA (metropolitan area) is this? Falls Church City, Virginia Just exactly when did norma...
by Elysium
Wed Sep 19, 2018 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: any opinions of this fund? Vanguard Dividend Growth (VDIGX)
Replies: 15
Views: 1358

Re: any opinions of this fund? Vanguard Dividend Growth (VDIGX)

There is a theory that slightly less volatile equity funds are easier to hold over long periods than more volatile equity funds. This is because individuals are more emotionally affected by a loss in a bear market than earning less in a bull market. For instance, VDIGX fell less than S&P 500 Index d...
by Elysium
Sun Sep 16, 2018 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 157
Views: 13438

Re: Considering Quitting Job - Seeking Advice. Would you do it?

OP, not directly addressing your question but related: How is your health?

Are you fit, exercising regularly 4-5 hours a week at least, eating healthy, and get to breathe fresh air.
by Elysium
Fri Sep 14, 2018 9:59 pm
Forum: Investing - Theory, News & General
Topic: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy
Replies: 34
Views: 3726

Re: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy

My experience is that they are putting up an effort to not come across as clamouring for assets and new clients at any rate. I recently had a call with a rep at Fidelity about opening a Solo 401(k) and moving my current plan with Vanguard. They had me talk to a retirement specialist, who tried to un...
by Elysium
Fri Sep 14, 2018 8:49 am
Forum: Investing - Theory, News & General
Topic: Cliff Asness: Liquid Alt Ragnarok?
Replies: 80
Views: 5455

Re: Cliff Asness: Liquid Alt Ragnarok?

elysium Even if we were to consider all the evidence for the factors to be present, how do we know the screens they employ are able to accurately select those displaying positive factors while avoiding the ones with negative factors, consistently, especially given there are so many factors to scree...
by Elysium
Fri Sep 14, 2018 7:20 am
Forum: Investing - Theory, News & General
Topic: Simba Backtesting Healthcare fund
Replies: 3
Views: 297

Re: Simba Backtesting Healthcare fund

I was playing around with backtesting and backtested $10,000 in the Health care fund at 100% of portfolio starting in 1985 ending 2017. The ending balance ~$157000. I'd appreciate someone verifying that as an accurate number.I am running the sheet through OfficeLibre. Thanks Why do backtesting? the...
by Elysium
Thu Sep 13, 2018 10:10 pm
Forum: Investing - Theory, News & General
Topic: Cliff Asness: Liquid Alt Ragnarok?
Replies: 80
Views: 5455

Re: Cliff Asness: Liquid Alt Ragnarok?

It isn't fair to blame this on one Administration. The problem had been building for over 30 years. Lots of little policy errors over time that built into a crisis. We forgot that for the system to work that you grant mortgages to people who can actually pay them back. Lots of blame to go around. V...
by Elysium
Thu Sep 13, 2018 9:56 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 106994

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Being not correlated to other assets aren't enough to merit an inclusion, even for diversification purposes. A positive expected return above inflation is required. Commodities do not have a positive expected return above inflation. CCFs are different story since they promise to have double return ...
by Elysium
Thu Sep 13, 2018 9:02 pm
Forum: Investing - Theory, News & General
Topic: Cliff Asness: Liquid Alt Ragnarok?
Replies: 80
Views: 5455

Re: Cliff Asness: Liquid Alt Ragnarok?

It also was a case of privatizing the profits and socializing the risks. This was particularly true of Fannie Mae and Freddie Mac. So pretty much, for CEOs of certain companies, it was heads I win, tails the taxpayers lose. I own a few financial stocks, the damage from the financial crisis was temp...
by Elysium
Thu Sep 13, 2018 8:47 pm
Forum: Investing - Theory, News & General
Topic: Cliff Asness: Liquid Alt Ragnarok?
Replies: 80
Views: 5455

Re: Cliff Asness: Liquid Alt Ragnarok?

I have read the material quite a bit, and I do understand what they are doing failry well enough. Here is the problem though for me. Even if we were to consider all the evidence for the factors to be present, how do we know the screens they employ are able to accurately select those displaying posit...