Search found 146 matches

by anthau
Sun Jan 11, 2009 11:40 am
Forum: Personal Investments
Topic: Closest Fund to Dividend Growth
Replies: 5
Views: 1257

I'd say it's a toss-up between the 500 and Windsor II, though both are a bit of a fudge. Dividend Growth's objective, iirc, is to select companies not based on current dividend size, but rather on the belief that the companies will maintain or increase their dividends (including investing in MSFT wh...
by anthau
Sun Jan 11, 2009 11:33 am
Forum: Investing - Theory, News & General
Topic: What would Jonathan Clements say NOW?
Replies: 2
Views: 1270

Thanks for the link!
by anthau
Sun Jan 11, 2009 11:28 am
Forum: Personal Investments
Topic: CGMFX vs PRPFX in a Roth IRA
Replies: 4
Views: 2009

CGMFX=CGM Focus; PRPFX=Permanent Portfolio

Morningstar has data on the tax-efficiency of both these funds: CGM Focus ; Permanent Portfolio . Of course, there's the point that will doubtless be made that CGMFX, with an expense ratio of 1.27%, and PRPFX, 0.95%, charge too much for their respective asset classes (large blend and "conservative a...
by anthau
Sun Jan 11, 2009 11:14 am
Forum: Investing - Theory, News & General
Topic: BRLIX - Bridgeway 35 Blue Chip
Replies: 14
Views: 3610

Re: BRLIX - Bridgeway 35 Blue Chip

How is [BRLIX] the most tax efficient way to get a large cap blend fund? John Montgomery and his team at Bridgeway manage the fund to be tax efficient (tax-loss harvesting, etc.). Why bother with this fund. A non-exhaustive reply: Bridgeway is a very shareholder-friendly company (to the smaller inv...
by anthau
Fri Jan 09, 2009 8:58 pm
Forum: Investing - Theory, News & General
Topic: Am I a Market Timer?
Replies: 23
Views: 3143

Of course, any of us who rebalance is timing the market (it's just a [usually] benign form of it). :D
by anthau
Wed Jan 07, 2009 1:26 pm
Forum: Investing - Theory, News & General
Topic: Why isnt everyone indexing at Vanguard?
Replies: 41
Views: 7997

This may be a silly question, but suppose everyone actually did invest all of the stock portion of their portfolio in total stock market index funds. Aside from putting a lot of brokers and pundits out of work, how would that affect the markets? -------------------- This won't happen because most p...
by anthau
Wed Jan 07, 2009 11:43 am
Forum: Investing - Theory, News & General
Topic: Hussman: Use "Duration" to Manage Allocations
Replies: 33
Views: 5028

I don't really get Hussman's duration calculation for stocks. He is trying to calculate a duration of stocks like calculating duration of bonds. But since stocks don't ever officially pay you back your "principal", he is using a zero as the payback and so making stocks have a really long duration. ...
by anthau
Wed Jan 07, 2009 12:00 am
Forum: Investing - Theory, News & General
Topic: The Boglehead Hedge Fund Contest
Replies: 114
Views: 22344

Where There's Smoke, There's the Paper It's Printed On should get honorable mention (It made me snort).
by anthau
Tue Jan 06, 2009 12:06 pm
Forum: Investing - Theory, News & General
Topic: Why isnt everyone indexing at Vanguard?
Replies: 41
Views: 7997

Take your own situation as an example, eurowizard: You've opened (or your 401k uses) an account at Schwab. You have the choice between: (1) paying their $13 commission each time you buy VTI (Vanguard Total Market ETF), which has an ER of 0.07%, ditto VV (Large-cap index), or MGC (mega-cap), ER 0.13%...
by anthau
Tue Jan 06, 2009 11:47 am
Forum: Personal Investments
Topic: Question on dollar cost averaging and rebalancing
Replies: 2
Views: 1139

I took a large tax hit to do this. I wince a little about this, but what's done is done. In the future, feel free to ask the forum about whether the tax-cost outstrips the benefit. Going forward I plan to add small amounts of money in on a regular basis (which I believe is dollar cost averaging). F...
by anthau
Tue Jan 06, 2009 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Emergency fund size when starting a business?
Replies: 10
Views: 2000

I can't add much, but concur on the conservative side (12 months living expenses, above start-up costs). I base this on opening my own law practice two years ago (best and scariest thing I've ever done).

Lesonsky's Start Your Own Business is a good read, for what it's worth.

Good luck!
by anthau
Tue Jan 06, 2009 10:35 am
Forum: Investing - Theory, News & General
Topic: How does VIPSX lose money?
Replies: 24
Views: 6288

Does TBM also own a percentage of Tips, making a separate tips investment redundant? Or, would owning both be a good idea? TBM doesn't include TIPS. I know history cant be used to predict, but since vipsx inception, when the bond market is down, vipsx loses more than total bond market, and when mar...
by anthau
Tue Jan 06, 2009 10:21 am
Forum: Investing - Theory, News & General
Topic: How does VIPSX lose money?
Replies: 24
Views: 6288

Over the past 10 years, returns on long-term bonds have exceeded returns on intermediate-term bonds by a fair amount. Given the recent "flight to quality" (i.e., Treasury bubble), I'd say the results will mean-revert in a year or two (It's also said that predicting interest rate movements makes for...
by anthau
Tue Jan 06, 2009 9:57 am
Forum: Investing - Theory, News & General
Topic: How does VIPSX lose money?
Replies: 24
Views: 6288

Re: TIPS

Tramper Al wrote:Anthau, didn't you write that (fine) book?
LOL. Alas, no: I'm Anthony Gold. (Anth [a high school nickname--too nerdy for Tony]+ AU).
by anthau
Tue Jan 06, 2009 9:47 am
Forum: Investing - Theory, News & General
Topic: How does VIPSX lose money?
Replies: 24
Views: 6288

Re: TIPS

Is anyone aware of a concise but thorough explanation of TIPS? I've read a lot of posts here and I'm learning but I feel like I need to read something that summarizes how they work, their value and how they compare to I Bonds, CDs and funds like vipsx. Have you checked out the Bogleheads' Wiki ? (W...
by anthau
Mon Jan 05, 2009 12:34 am
Forum: Investing - Theory, News & General
Topic: The Boglehead Hedge Fund Contest
Replies: 114
Views: 22344

Sailor's Holiday

Long: Sears (SHLD)
Short: AIG (AIG)

Thanks. Should be fun.
by anthau
Thu Jan 01, 2009 11:38 am
Forum: Personal Investments
Topic: BRSIX worth the $35 VG transaction fee?
Replies: 7
Views: 1774

Why don't you invest in the fund directly? Indeed. (Bridgeway also pays the custodial fee on retirement accounts). In the alternative, one could consolidate one's accounts to Firstrade or Wellstrade, e.g. (don't know about Wells, but Firstrade only charges $10/TF fund; $7/ETF). As an aside, I found...
by anthau
Thu Dec 18, 2008 11:01 am
Forum: Personal Investments
Topic: Is BRSIX (Bridgeway Ult-Sm Co Mkt) still good for taxable?
Replies: 13
Views: 3094

I would continue to hold BRSIX in taxable and put the new Vanguard fund in sheltered. BRSIX is managed to be tax-efficient; the new fund is not. Distributions sometimes just have to happen. Also, if you have BRSIX at a gain, you'll incur taxes when you sell. Finally, when a stock migrates out of the...
by anthau
Sun Dec 14, 2008 2:09 pm
Forum: Personal Investments
Topic: average or acceptable expense ratios for managed funds
Replies: 13
Views: 2159

Morningstar's fund screener lets one set "category average" as the screening criteria for expenses (and I think the screener will show category average ER regardless of the criteria one sets). Of course, Malkiel, Bogle, et al. point out that the surest way to maximize returns is to pick funds with b...
by anthau
Sun Nov 23, 2008 10:36 am
Forum: Personal Investments
Topic: TIPS in 403b?
Replies: 1
Views: 864

TIPS in 403b?

I'm having a disagreement with my dad: I say it's generally preferable to put TIPS in tax-advantaged accounts; he says that putting TIPS in a 403b plan is almost as silly as putting munis there, because when one puts TIPS in the 403, one loses the sheltering from state and local taxes. Has he found ...
by anthau
Sat Sep 29, 2007 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Your favorite non-investing, non-financial websites?
Replies: 47
Views: 17811

For humorous agregation of (non-) news, fark;

for an interesting community art project, postsecret.
by anthau
Thu Aug 16, 2007 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Free StarOffice upgrade for Openoffice users....
Replies: 2
Views: 1641

Good looking out!

It's a slooow download and install, but the improved WordPerfect compatability already appears to be worth it. Thanks for the heads up! As an aside, I installed SO and then uninstalled OO, which has caused enough headaches that I'm deleting and reinstalling SO, so I'd recommend uninstalling OO befor...
by anthau
Wed Aug 15, 2007 1:04 am
Forum: US Chapters
Topic: Colorado
Replies: 40
Views: 15487

Laramie, WY here (nm)

by anthau
Sun Aug 12, 2007 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Favorite Scotch?
Replies: 62
Views: 22802

The Balvenie Doublewood 12 Year Old

But I hate peat.

Happy tasting,

Anth
by anthau
Sat Apr 21, 2007 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Good travel sites
Replies: 5
Views: 2967

Not quite the answer to your question, but . . .

Sorry that I can't help you with personal experience from a package booking site. However, I recently discovered Trip Advisor, and found its info on Denver to be spot on. They do offer info on European vacatios and tourism, though, so it may be worth a look.
by anthau
Sat Apr 07, 2007 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: What Book Are YOU Currently Reading?
Replies: 566
Views: 236756

The Kings of New York

The Kings of New York: A Year Among the Geeks, Oddballs, and Genuises Who Make Up America's Top High School Chess Team. The Marshall Chess Club was my middle school baby sitter, so the subject is near and dear to me. The book is more about the intersection of adolescence and talent, though, so I thi...
by anthau
Wed Mar 21, 2007 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Any Boglehead Linux users?
Replies: 24
Views: 11431

Modal: What I seek

What all are you looking to gain from using Linux? A secure, stable OS that I can get under the hood of but that I don't need to, to run a decent word processor, chat client and browser on. Although I feel pretty adept at securing XP, the fact that I have to deal with an antivirus, multiple spyware...
by anthau
Wed Mar 21, 2007 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Any Boglehead Linux users?
Replies: 24
Views: 11431

Thanks all, esp. Cyberbob

I appreciate the replies, and most especially, Cyberbob, your offer for support. I remember buying my copy of Unix for Luddites back in 1990, but I've forgotten most anything I learned back then. Given that I'm comfortable in Windows' device manager and as comfortable as one can be editing the regis...
by anthau
Wed Mar 21, 2007 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Any Boglehead Linux users?
Replies: 24
Views: 11431

Any Boglehead Linux users?

Disturbed by what I've read about Vista (hardware requirements and its new security features), I'm thinking about cleaning up and re-partitioning my laptop's hard drive to dual boot XP and Linux. I'm not so interested on getting feedback on choice of distro, but I would love to get feedback from Die...
by anthau
Tue Mar 20, 2007 8:19 am
Forum: Investing - Theory, News & General
Topic: Credit Cards that pay you cash back and other rewards
Replies: 83
Views: 218751

Blue Cash from Amex

While perusing this thread, I was surprised that no one has yet mentioned Amex's Blue Cash. Blue Cash gives you up to 5% cash back with no limit to how much you can earn. Once you spend over $6500 on your Card, you can earn 5% cash back on all your everyday purchases at supermarkets, gas stations an...
by anthau
Wed Mar 14, 2007 12:28 pm
Forum: Personal Investments
Topic: Which LC fund should a socially conscious diehard use?
Replies: 14
Views: 6122

I concur with the others - if you want to make a difference with your beliefs, utilize your assets in the most efficient way and use charities to disperse your beliefs. It's a win-win. You can properly diversify your portfolio as well as direct (and quantify) the help you want to give to others. Yo...
by anthau
Tue Mar 13, 2007 8:04 pm
Forum: Personal Investments
Topic: Which LC fund should a socially conscious diehard use?
Replies: 14
Views: 6122

Which LC fund should a socially conscious diehard use?

For large-cap especially, perhaps SRI is tomfoolery, as the impact individual investors make is negligible. However, the main choice (as I see it) is between Bridgeway's Blue-Chip 35 fund ( BRLIX ) and Vanguard's FTSE Social Index fund ( VFTSX ). I eliminate TIAA-CREF's funds from consideration beca...
by anthau
Tue Mar 13, 2007 6:40 pm
Forum: Investing - Theory, News & General
Topic: Do you own any individual stocks?
Replies: 87
Views: 35888

UGTMA shares

As a minor I was gifted shares in the old AT&T. Along came the break-up, and they became many baby bell shares. Although I'm in my 30s, and my custodian is deceased, many of the baby bells' transfer agents have created enough hoops to jump through that I still don't have access to the shares. One of...
by anthau
Tue Mar 13, 2007 6:23 pm
Forum: Forum Issues and Administration
Topic: Censorship – Amazing
Replies: 80
Views: 45843

Re: Not hard here.

[snips] ...especially if you're interested in discussing something specific espoused by an author. This sounds like muzzling in the name of making sure everyone plays nice to me. Sorry if I was not clear on my own view: ...it would be simple politeness to either phrase your point in the abstract, O...
by anthau
Tue Mar 13, 2007 6:22 pm
Forum: Forum Issues and Administration
Topic: Censorship – Amazing
Replies: 80
Views: 45843

Kathy,

I wasn't criticizing you an iota. The decision to lock the earlier thread, however. . . .
by anthau
Tue Mar 13, 2007 6:01 pm
Forum: Forum Issues and Administration
Topic: Censorship – Amazing
Replies: 80
Views: 45843

Not hard here.

The rule should be simple. Personal attacks are never acceptable, but challenges on issues are always acceptable. It is not difficult to tell the difference. Yeah, sometimes it is. Really. Kathy In a vacuum, maybe. Here , John D. was clearly only discussing issues. it might not even be necessary to...
by anthau
Fri Mar 02, 2007 1:46 pm
Forum: Investing - Theory, News & General
Topic: New Arnott & Hsu Paper
Replies: 24
Views: 12006

Re: Nick, Larry & Rick

Nick, thanks for the kind response (re-reading my reply, I was being snotty). Larry, thanks for the response, and point well taken. Here is Rick Ferri's analogy to Arnott's theory: When stocks are weighted by the shoe sizes of CEOs the result is a portfolio that outperformed a cap weighted index wit...
by anthau
Thu Mar 01, 2007 12:18 pm
Forum: Investing - Theory, News & General
Topic: New Arnott & Hsu Paper
Replies: 24
Views: 12006

Yobria, I had no luck linking the image of a chart of the Vanguard Pacific Stock Index Fund (classified as a Japan stock fund, with 72.6% of its holdings in Japan as of 1/31/07), but looking at the chart, I don't see the trend. Also, if you assume a random walk, rather than momentum &/or mean revers...
by anthau
Wed Feb 28, 2007 9:45 pm
Forum: Investing - Theory, News & General
Topic: New Arnott & Hsu Paper
Replies: 24
Views: 12006

New Arnott & Hsu Paper

I stumbled across a new (at least to me) paper by Arnott & Hsu entitled Pricing Noise, Rejecting the CAPM and the Size and Value Effects . Abstract: We model a continuous time one factor economy where stock prices are noisy proxies of the informationally efficient values. The pricing error process i...
by anthau
Wed Feb 28, 2007 9:17 pm
Forum: Forum Issues and Administration
Topic: Should this be the new diehards.org?
Replies: 23
Views: 12220

Awesome, and thanks for the clarification!

And, of course, thanks to our gracious new hosts at diehards.org.
by anthau
Wed Feb 28, 2007 12:46 pm
Forum: Forum Issues and Administration
Topic: Should this be the new diehards.org?
Replies: 23
Views: 12220

Diehards.org dropping M* indexing

This morning, diehards.org had the following Announcement: On March 1, we will be discontinuing the indexing of Morningstar's Vanguard Diehard's forum and removing the list of latest posts and the search box. In a few days we will move the new forum currently located at www.diehardsforum.org to this...
by anthau
Wed Feb 28, 2007 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Calling All Attorneys
Replies: 8
Views: 4943

Slim web pickin's

Within Findlaw you may want to check out the Greedy Associates board. But the only law-related website I look at with any regularity is the WSJ's Law Blog . Alas, I think worries about malpractice liability and billable hours keep most lawyers from creating a worthwhile web community (please let us ...
by anthau
Mon Feb 26, 2007 12:04 am
Forum: Forum Issues and Administration
Topic: M* and Copyright
Replies: 3
Views: 3270

re: Nitsuj

I may very well have misunderstood the concern. I took it for granted that the authors would consent; I probably shouldn't have.

Best,

Anth
by anthau
Sat Feb 24, 2007 2:46 pm
Forum: Forum Issues and Administration
Topic: M* and Copyright
Replies: 3
Views: 3270

M* and Copyright

A number of other threads say that M* claims a copyright in posts made on the message boards they host. Finding it troubling that a corporate entity (however historically benevolent) claims through fiat that it owns e.g. , Mel's I-bond Tutorial , I decided to dig a little deeper. As far as I can tel...
by anthau
Fri Feb 23, 2007 5:53 pm
Forum: Forum Issues and Administration
Topic: Should the forum name be changed?
Replies: 20
Views: 9450

I would want to spend some time researching the issue before calling my assessment of it final, but I think the site is free to use the name Vanguard Diehards for the following reasons: This website is free and not used to sell something; and M*'s argument that they use "Vanguard Diehards" as a trad...