Search found 8113 matches

by JoMoney
Thu Jan 02, 2020 10:37 am
Forum: Investing - Theory, News & General
Topic: Free trades and Flagship status
Replies: 21
Views: 1536

Re: Free trades and Flagship status

I'm amazed at the great interest in "free trades" for Boglehead's and Vanguard customers.
Might as well be offering "free" poke in the eye with a sharp stick.
I would have thought trading antithetical to the whole ethos :confused thought wrong :?
by JoMoney
Thu Jan 02, 2020 10:02 am
Forum: Investing - Theory, News & General
Topic: Vanguard Continues to Lower the Cost of Investing with Expansion of Commission-Free Platform Beyond ETF
Replies: 71
Views: 4774

Re: Vanguard Continues to Lower the Cost of Investing with Expansion of Commission-Free Platform Beyond ETF

While electronic trading should be extremely cheap at a large scale, the infrastructure, administrative requirements, and customer service/support is not "free". This new era of "free" trading raises questions for me. Who is bearing the costs? (I think the answer has to be the people with the money....
by JoMoney
Wed Jan 01, 2020 11:58 pm
Forum: Investing - Theory, News & General
Topic: MarketWatch Three-Fund Portfolio Wins Again!
Replies: 73
Views: 5010

Re: MARKETWATCH Three-Fund Portfolio Wins Again!

... Of course, that would mislead too since one should not cherry pick 10 years where the S&P500 leads over solely a US Bull Market. It's highly unlikely to repeat over the next 10. Back in 2008, Warren Buffet picked the S&P 500 (Vanguard's VFIAX fund specifically) in his bet against the hedge fund...
by JoMoney
Wed Jan 01, 2020 11:49 pm
Forum: Investing - Theory, News & General
Topic: MarketWatch Three-Fund Portfolio Wins Again!
Replies: 73
Views: 5010

Re: MARKETWATCH Three-Fund Portfolio Wins Again!

... Of course, that would mislead too since one should not cherry pick 10 years where the S&P500 leads over solely a US Bull Market. It's highly unlikely to repeat over the next 10. Back in 2008, Warren Buffet picked the S&P 500 (Vanguard's VFIAX fund specifically) in his bet against the hedge fund...
by JoMoney
Wed Jan 01, 2020 11:11 pm
Forum: Investing - Theory, News & General
Topic: MarketWatch Three-Fund Portfolio Wins Again!
Replies: 73
Views: 5010

Re: MARKETWATCH Three-Fund Portfolio Wins Again!

Not on the list, the classic 60/40 U.S. stocks/Bonds
Mr.Bogle's 1 fund portfolio "Vanguard Balanced Index Fund" VBIAX 9.68% annualized over the past 10 years, and that's with a 40% bond allocation (compared to the 2nd grader portfolios 10% bond allocation)
by JoMoney
Wed Jan 01, 2020 10:51 pm
Forum: Investing - Theory, News & General
Topic: Where will the Dow, NASDAQ, S&P 500 end the decade at?
Replies: 5
Views: 475

Re: Where will the Dow, NASDAQ, S&P 500 end the decade at?

*shrug* very wide range of possibilities. Fortunately, my investment results are depending on the returns of 2020 through 2029. While it isn't meaningless, it's just one of a series of numbers that will be averaged in with my returns from other periods like 2010-2020 and 2015-2025. S&P 500 returns f...
by JoMoney
Wed Jan 01, 2020 10:33 pm
Forum: Investing - Theory, News & General
Topic: Can we time the market on housing price?
Replies: 30
Views: 2128

Re: Can we time the market on housing price?

Real estate is a specialized field, and the market can be very unique in specific areas. Like in other fields, there are some 'experts' that have better information and experience. While I'm hesitant to say they can "time the market" knowing where the short-term prices are headed, they may have a be...
by JoMoney
Wed Jan 01, 2020 9:51 pm
Forum: Personal Investments
Topic: What funds beat their benchmarks?
Replies: 18
Views: 1623

Re: What funds beat their benchmarks?

Here's a direct link to the most recent "2019 US Mid-Year SPIVA Scorecard"
https://us.spindices.com/documents/spiv ... r-2019.pdf
by JoMoney
Wed Jan 01, 2020 9:41 pm
Forum: Investing - Theory, News & General
Topic: So now stocks only return 3% over time?
Replies: 95
Views: 11158

Re: So now stocks only return 3% over time?

Investopedia states that the real historical real total return of the stock market has been about 7% . You have to make sure that you are looking at total return , dividends matter a lot. 7% seems about right, though looking ahead, I only expect about 4% real total return. Total stock market divide...
by JoMoney
Wed Jan 01, 2020 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Anything I should know regarding Fidelity CMA vs typical checking account before I jump in?
Replies: 13
Views: 1201

Re: Anything I should know regarding Fidelity CMA vs typical checking account before I jump in?

When possible, you'll want to push funds to the CMA account instead of pulling funds via ACH or doing a mobile check deposit, which will be subject to a 4 day wait for funds availability. You'll need a local bank account for cash deposits. I guess you could go buy a money order with the cash and pa...
by JoMoney
Wed Jan 01, 2020 9:08 pm
Forum: Investing - Theory, News & General
Topic: Its all growth until it isn't.
Replies: 23
Views: 1570

Re: Its all growth until it isn't.

Not planning on trying to predict the future, or trying to beat everyone else out before a dip, or back in before a rise. I plan to keep averaging in (or out if in a withdrawal stage) with regular periodic amounts. This will get me closer to the average return available over my investing horizon. 'A...
by JoMoney
Wed Jan 01, 2020 7:24 pm
Forum: Investing - Theory, News & General
Topic: Theoretically, which will fair better in recessions? Value or growth stocks?
Replies: 57
Views: 2886

Re: Theoretically, which will fair better in recessions? Value or growth stocks?

Something else to add, in a very low interest rate environment, there may be more businesses that are only viable because they can leverage up a relatively thin profit margin at a very low interest rate. If interest rates rise to a point higher than their thin profits, it may not be a viable busines...
by JoMoney
Wed Jan 01, 2020 7:17 pm
Forum: Investing - Theory, News & General
Topic: Theoretically, which will fair better in recessions? Value or growth stocks?
Replies: 57
Views: 2886

Re: Theoretically, which will fair better in recessions? Value or growth stocks?

If the company can't reinvest it's cash flows for (relatively) higher growth, it's not a "growth" stock.
by JoMoney
Wed Jan 01, 2020 7:04 pm
Forum: Investing - Theory, News & General
Topic: Theoretically, which will fair better in recessions? Value or growth stocks?
Replies: 57
Views: 2886

Re: Theoretically, which will fair better in recessions? Value or growth stocks?

I know that technically, by definition, the U.S. is not in a recession... but it's hard to look at all the (global) low/negative interest rates, sub-par growth, and believe we're in a normal or booming economic period. ... but that wasn't the question... In a recession, I would expect interest rate...
by JoMoney
Wed Jan 01, 2020 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Anything I should know regarding Fidelity CMA vs typical checking account before I jump in?
Replies: 13
Views: 1201

Re: Anything I should know regarding Fidelity CMA vs typical checking account before I jump in?

FWIW, I have only the CMA account, which is itself a brokerage account but with the default sweep set as a FDIC bank account. You can buy/trade assets in it just like their standard brokerage account. I'm not familiar enough with the setup you're proposing, with a separate brokerage being used as ov...
by JoMoney
Wed Jan 01, 2020 6:47 pm
Forum: Investing - Theory, News & General
Topic: Theoretically, which will fair better in recessions? Value or growth stocks?
Replies: 57
Views: 2886

Re: Theoretically, which will fair better in recessions? Value or growth stocks?

I know that technically, by definition, the U.S. is not in a recession... but it's hard to look at all the (global) low/negative interest rates, sub-par growth, and believe we're in a normal or booming economic period. ... but that wasn't the question... In a recession, I would expect interest rates...
by JoMoney
Wed Jan 01, 2020 6:01 pm
Forum: Investing - Theory, News & General
Topic: Equity/Bond ratio in retirement
Replies: 20
Views: 1866

Re: Equity/Bond ratio in retirement

Most of the research on withdrawal from portfolios against risk of running out of money would show the optimum asset allocation at 4% withdrawal rate at somewhere around 50%-70% stocks. But that optimum is not well defined. The asset allocation does not matter very much across 30%-80% stocks. If yo...
by JoMoney
Wed Jan 01, 2020 12:20 pm
Forum: Personal Investments
Topic: Does my home's equity replace bond investing?
Replies: 50
Views: 2473

Re: Does my home's equity replace bond investing?

It's up to the borrower and lender to stipulate what is paid. Here's an example/template mortgage note https://images.template.net/wp-content/uploads/2015/12/21053825/Allonge-Mortgage-Note-Sample-PDF-Free-Download2.pdf The example suggests a borrower will pay the lender on the first of each month o...
by JoMoney
Wed Jan 01, 2020 12:01 pm
Forum: Investing - Theory, News & General
Topic: Equity/Bond ratio in retirement
Replies: 20
Views: 1866

Re: Equity/Bond ratio in retirement

Most of the research on withdrawal from portfolios against risk of running out of money would show the optimum asset allocation at 4% withdrawal rate at somewhere around 50%-70% stocks. But that optimum is not well defined. The asset allocation does not matter very much across 30%-80% stocks. If yo...
by JoMoney
Wed Jan 01, 2020 11:42 am
Forum: Personal Finance (Not Investing)
Topic: IRS Drops Agreement Not to Compete With TurboTax
Replies: 82
Views: 9495

Re: IRS Drops Agreement Not to Compete With TurboTax

Do we know if the free version is a downloadable version that won’t be stored on another computer outside of our homes? Will we be able to store our completed forms from prior years indefinitely on our home computers, accessible only to us and to nobody else? No idea if the software will work that ...
by JoMoney
Wed Jan 01, 2020 11:34 am
Forum: Personal Investments
Topic: Well.... Its about time for international for me
Replies: 26
Views: 3489

Re: Well.... Its about time for international for me

It's not for me, and generally making allocation changes rub me the wrong way - especially if moving from a position I view as less risky to more risky. There might be a story one could make with valuations regarding US/ex-US regarding pointing to ex-US being less risky, but that's reliant on some m...
by JoMoney
Wed Jan 01, 2020 10:58 am
Forum: Investing - Theory, News & General
Topic: Equity/Bond ratio in retirement
Replies: 20
Views: 1866

Re: Equity/Bond ratio in retirement

Hard to tell you how much stock risk you'll be comfortable with. I'm generally against the idea of making big changes to ones portfolio, especially if it's going from a less risky to a more risky one. If your current portfolio has served you well, and you were comfortable with it while you were work...
by JoMoney
Wed Jan 01, 2020 10:36 am
Forum: Investing - Theory, News & General
Topic: So now stocks only return 3% over time?
Replies: 95
Views: 11158

Re: So now stocks only return 3% over time?

They're all right but you have to understand the specifics of the terms they're using. Since 1925 the U.S. stock market has averaged roughly 12% returns. That's an arithmetic average, like ( +54% , -24%, +6% ) are 3 numbers that "average" to a 12, but does not necessarily equate to a total return of...
by JoMoney
Wed Jan 01, 2020 10:06 am
Forum: Personal Investments
Topic: Does my home's equity replace bond investing?
Replies: 50
Views: 2473

Re: Does my home's equity replace bond investing?

It needs to involve a promise of paying something at some specific time. Is that a rule? A mortgage is a bond, and you can be on either side of it. Does a mortgage involve a promise of paying something? What does a mortgage pay? When? What does any bond pay and when? That's up to the terms stipulat...
by JoMoney
Wed Jan 01, 2020 12:49 am
Forum: Personal Finance (Not Investing)
Topic: IRS Drops Agreement Not to Compete With TurboTax
Replies: 82
Views: 9495

Re: IRS Drops Agreement Not to Compete With TurboTax

My dream, is that the IRS would just tell me what I owe/refund, and if I disagree or plan on doing some shuffle that requires explanation - only then do I have to fill out forms and file a return.
https://www.straightdope.com/columns/re ... -tax-bill/
by JoMoney
Tue Dec 31, 2019 11:02 pm
Forum: Personal Investments
Topic: Does my home's equity replace bond investing?
Replies: 50
Views: 2473

Re: Does my home's equity replace bond investing?

It needs to involve a promise of paying something at some specific time. Is that a rule? A mortgage is a bond, and you can be on either side of it. Does a mortgage involve a promise of paying something? What does a mortgage pay? When? What does any bond pay and when? That's up to the terms stipulat...
by JoMoney
Tue Dec 31, 2019 10:45 pm
Forum: Personal Investments
Topic: Does my home's equity replace bond investing?
Replies: 50
Views: 2473

Re: Does my home's equity replace bond investing?

... I guess if you squint hard enough anything can be called a bond. ... It needs to involve a promise of paying something at some specific time. A mortgage is a bond, and you can be on either side of it. Equity in a house (or a business) has no promise or guarantee of it's value at any point in ti...
by JoMoney
Tue Dec 31, 2019 10:30 pm
Forum: Personal Investments
Topic: Does my home's equity replace bond investing?
Replies: 50
Views: 2473

Re: Does my home's equity replace bond investing?

[ Because it is being short a bond. Owning real estate is not a bond, but a mortgage is.. and if you wanted to be long mortgages, you could buys something like VMBS or even write a private mortgage Sure, if we want to geek out from a financial engineering perspective. I just don't see how in any wa...
by JoMoney
Tue Dec 31, 2019 10:17 pm
Forum: Personal Investments
Topic: Does my home's equity replace bond investing?
Replies: 50
Views: 2473

Re: Does my home's equity replace bond investing?

A mortgage is a bond, but on the negative side. You effectively short a 30 year bond for a typical mortgage. I no longer have a mortgage. Is it now a positive bond? :? ... No, and if you covered a short position in a stock to close it out, that doesn't make you "long" the stock either. So why bothe...
by JoMoney
Tue Dec 31, 2019 10:04 pm
Forum: Personal Investments
Topic: Fidelity Taxable Account - What Fund To Buy?
Replies: 10
Views: 1259

Re: Fidelity Taxable Account - What Fund To Buy?

In a taxable account, I would buy VOO (Vanguard's 500 index ETF) ... VTI (Vanguard's Total Market is also a good option) What I actually buy, is VFIAX (Vanguard's 500 index Traditional Index Fund) at Vanguard in my account there, that's free to open.... I also have a taxable account at Fidelity, a C...
by JoMoney
Tue Dec 31, 2019 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Low-interest leverage for investing
Replies: 5
Views: 394

Re: Low-interest leverage for investing

... Should I take 10k from the HELOC today, at 2.8%, and invest it lump-sum into my taxable account, then pay off the borrowed amount over the next several months with money that would normally be invested? ... No, that's not something I would do, nor recommend. I take it you don't have the $10,000...
by JoMoney
Tue Dec 31, 2019 9:09 pm
Forum: Personal Investments
Topic: Does my home's equity replace bond investing?
Replies: 50
Views: 2473

Re: Does my home's equity replace bond investing?

watchnerd wrote:
Tue Dec 31, 2019 10:04 am
JoMoney wrote:
Tue Dec 31, 2019 9:41 am
A mortgage is a bond, but on the negative side. You effectively short a 30 year bond for a typical mortgage.
I no longer have a mortgage. Is it now a positive bond? :?
...
No, and if you covered a short position in a stock to close it out, that doesn't make you "long" the stock either.
by JoMoney
Tue Dec 31, 2019 9:41 am
Forum: Personal Investments
Topic: Does my home's equity replace bond investing?
Replies: 50
Views: 2473

Re: Does my home's equity replace bond investing?

A mortgage is a bond, but on the negative side. You effectively short a 30 year bond for a typical mortgage. Owning real estate, even free and clear, is a liability. There are property taxes, association fees, maintenance costs. On the plus side, you have to live somewhere, and your rent/lease is a ...
by JoMoney
Mon Dec 30, 2019 8:58 pm
Forum: Personal Investments
Topic: Short term money placement
Replies: 4
Views: 254

Re: Short term money placement

Not a lot of good options for short term money these days. I've been using a government money market fund with my brokerage, because I hate opening new accounts, but I believe the best rates being offered currently are with High-Yield Bank Savings/Money Market Accounts. https://www.depositaccounts.c...
by JoMoney
Mon Dec 30, 2019 9:37 am
Forum: Personal Consumer Issues
Topic: Has anyone done Whole 30? [Diet]
Replies: 141
Views: 5489

Re: Has anyone done Whole 30? [Diet]

Diet is a funny word. Whatever you eat is your "diet", and yet we use the word as if it's only a temporary eating regimen.
by JoMoney
Mon Dec 30, 2019 9:33 am
Forum: Investing - Theory, News & General
Topic: Is total world bond safer than US treasuries?
Replies: 140
Views: 7477

Re: Is total world bond safer than US treasuries?

... Seems exactly the same as for international equities. Yet, there seems to be a much greater consensus for the "value" of adding international equities to a portfolio of domestic equities, than for adding international bonds. I don't understand fully the reason for this dichotomy. My assumption,...
by JoMoney
Mon Dec 30, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Financially Optimal Career Path: Investment Banker vs Management Consultant vs Software Engineer vs Doctor vs Lawyer
Replies: 45
Views: 3846

Re: Financially Optimal Career Path: Investment Banker vs Management Consultant vs Software Engineer vs Doctor vs Lawyer

... Please DO NOT post your comments on subjective issues like "money is not everything". Keep discussion to factual numbers. That's funny. The data and "facts" are meaningless without context, and the numbers can be 'adjusted' using other factual numbers, or even just aggregating them in a differe...
by JoMoney
Mon Dec 30, 2019 8:59 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 3151
Views: 301504

Re: U.S. stocks continue to soar!

Maybe we're in the beginning of a never-ending upward bull market :D
From some of the comments by market forecasters expecting a collapse, you'd think the last 10 years was already a non-stop up trend.
by JoMoney
Mon Dec 30, 2019 12:06 am
Forum: Investing - Theory, News & General
Topic: Is total world bond safer than US treasuries?
Replies: 140
Views: 7477

Re: Is total world bond safer than US treasuries?

... why hurt everyone through hyperinflation when you can just hurt the "wealthy" bondholders through default? ... Hyperinflation hurts the "wealthy" bondholders, indebted people benefit from it But I think the point remains that a country could choose defaulting on a debt in its own currency over ...
by JoMoney
Sun Dec 29, 2019 5:22 pm
Forum: Investing - Theory, News & General
Topic: Tipranks
Replies: 11
Views: 789

Re: Tipranks

Very disappointed. I came to this thread hoping to find some jokes I could pull using my Texas Instruments calculator. So much for TI Pranks :annoyed
by JoMoney
Sun Dec 29, 2019 3:40 pm
Forum: Investing - Theory, News & General
Topic: Investing at an early age vs late theory
Replies: 60
Views: 3362

Re: Investing at an early age vs late theory

So far, it's been better to get your money invested earlier rather than later. If that stops being true, you'd be better off not investing at all. The rate of return makes a big difference on much further behind one gets relative to starting earlier. In the past, in an era of higher interest rates a...
by JoMoney
Sun Dec 29, 2019 10:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard phasing out regular mutual fund shares?
Replies: 193
Views: 14727

Re: Vanguard phasing out regular mutual fund shares?

Has anyone noticed that for the index ETF funds that Vanguard has launched after 2016, that _none_ of them have any corresponding mutual fund shares? I was told by a principal at Vanguard that all ETFs have corresponding mutual fund shares, but that some of them are institutional shares that are no...
by JoMoney
Sun Dec 29, 2019 10:32 am
Forum: Personal Consumer Issues
Topic: Has anyone done Whole 30? [Diet]
Replies: 141
Views: 5489

Re: Has anyone done Whole 30?

... Beginning countdown to thread lock now... I've noticed 'diet' and what foods are considered good/bad is a very contentious subject with very wide variance in ideas, and even widely varying studies/results. It's left me with the opinion that going to any extreme is likely wrong (the dose makes t...
by JoMoney
Sun Dec 29, 2019 10:21 am
Forum: Investing - Theory, News & General
Topic: Vanguard phasing out regular mutual fund shares?
Replies: 193
Views: 14727

Re: Vanguard phasing out regular mutual fund shares?

Part of me even wonders if Vanguard wants out of the brokerage business entirely. I’m sure they’d love for us all to hold their funds elsewhere. Gets them out of providing that pesky customer service. Exactly, when was the last time anyone called Blackrock or State Street for customer service? Vang...
by JoMoney
Sun Dec 29, 2019 10:15 am
Forum: Investing - Theory, News & General
Topic: Will RMD lower your wealth
Replies: 37
Views: 3277

Re: Will RMD lower your wealth

Yes, paying taxes lowers your wealth... but "you can't take it with you". While minimizing taxes is a goal, if/when I'm old enough RMDs will impact me being in a higher income tax bracket is the kind of "problem" I won't mind having... certainly better than the alternative.
by JoMoney
Sun Dec 29, 2019 10:05 am
Forum: Investing - Theory, News & General
Topic: Vanguard phasing out regular mutual fund shares?
Replies: 193
Views: 14727

Re: Vanguard phasing out regular mutual fund shares?

I will point out, that Vanguard has several active mutual funds, and while there's no rule against active ETF's they're not well suited to the creation/redemption process and impossible to close the fund to new investors. Since Vanguard is owned by the funds it provides services to, I think that mak...
by JoMoney
Sun Dec 29, 2019 9:52 am
Forum: Investing - Theory, News & General
Topic: Vanguard phasing out regular mutual fund shares?
Replies: 193
Views: 14727

Re: Vanguard phasing out regular mutual fund shares?

It’s only a matter of time before one of Vanguard/Fidelity/Schwab allows automatic whole-dollar purchase of ETFs with predictable (ie at or very close to NAV) execution. My money is on Schwab launching this by the end of the 2020.... There used to be a handful of brokerages that offered this. Share...
by JoMoney
Sun Dec 29, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Last will app that works with Chromebook?
Replies: 3
Views: 241

Re: Last will app that works with Chromebook?

Anything you can do online will work, I don't think you can run programs on those Chromebooks. Yes, look for an online one, or a free template like https://eforms.com/wills/ that you can edit in Google Docs FYI, there are 'offline' programs that run on a Chromebook (although I don't know of any wil...
by JoMoney
Sun Dec 29, 2019 9:22 am
Forum: Personal Consumer Issues
Topic: Has anyone done Whole 30? [Diet]
Replies: 141
Views: 5489

Re: Has anyone done Whole 30?

As far as costs go, I spend about $10 a day on food as it is. I didn't see grains on the allowed or not allowed list. Maybe they're all considered "processed" ? Oatmeal is a staple breakfast food for me, any diet that says no to that is out of the question. I would go on 'the oatmeal diet' rather on...