Search found 5067 matches

by JoMoney
Mon Jun 11, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9355

Re: Yes, you can diversify a market portfolio

columbia wrote:
Mon Jun 11, 2018 2:43 pm
My understanding is that time travel is likely only possible for moving forward in time. :)
But you can re-write history, as long as nobody observed it.
https://youtu.be/8ORLN_KwAgs
by JoMoney
Mon Jun 11, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: WSJ-- Next Stop for Mutual-Fund Fees: Zero
Replies: 40
Views: 4175

Re: WSJ-- Next Stop for Mutual-Fund Fees: Zero

From OP's original link: ......Third, mutual funds are increasingly finding that they can generate income from nonfee sources. In fiscal 2017, the Vanguard Total Stock Market Index Fund earned more than 63% of its expenses by lending securities.... [/b] That is pretty darn amazing to read, at least...
by JoMoney
Mon Jun 11, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Judgement Proof and in your 20's (Massachusetts)
Replies: 11
Views: 1671

Re: Judgement Proof and in your 20's (Massachusetts)

It's about $50k in credit card debt in Massachusetts. Can a negative judgment be overcome by later filing bankruptcy (always, sometimes, never)? How much can a negative judgment cost the debtor? I think garnishment is limited to 15% of wages? Can they take everything in a person's checking and savi...
by JoMoney
Mon Jun 11, 2018 1:40 pm
Forum: Investing - Theory, News & General
Topic: WSJ-- Next Stop for Mutual-Fund Fees: Zero
Replies: 40
Views: 4175

Re: WSJ-- Next Stop for Mutual-Fund Fees: Zero

...One can buy a cheap automated trading system to lower expenses in exchange for poorer execution. The first shows up as a expense, the second does not. Yes, and there are indications/suspicions that some mutual funds might actually do something like that, or make arrangements with brokers to sell...
by JoMoney
Mon Jun 11, 2018 1:30 pm
Forum: Investing - Theory, News & General
Topic: WSJ-- Next Stop for Mutual-Fund Fees: Zero
Replies: 40
Views: 4175

Re: WSJ-- Next Stop for Mutual-Fund Fees: Zero

From what this article claims "reportedly", Vanguard might have negotiated a fixed price fee way way back for their use of the S&P 500 https://www.fool.com/investing/2017/06/06/forget-blackrock-and-state-street-sp-global-is-mak.aspx ...But then Vanguard overstepped the boundaries of its agreement. T...
by JoMoney
Mon Jun 11, 2018 1:17 pm
Forum: Investing - Theory, News & General
Topic: WSJ-- Next Stop for Mutual-Fund Fees: Zero
Replies: 40
Views: 4175

Re: WSJ-- Next Stop for Mutual-Fund Fees: Zero

One mans "diversification" is anothers risky junk they don't want to own. Maybe they should lower the cost of the S&P fund by tossing out the TSM, and let those who want the "diversification" buy a completion index. But....the S&P index is more expensive than the CRSP index..? I don't see how your ...
by JoMoney
Mon Jun 11, 2018 12:39 pm
Forum: Investing - Theory, News & General
Topic: WSJ-- Next Stop for Mutual-Fund Fees: Zero
Replies: 40
Views: 4175

Re: WSJ-- Next Stop for Mutual-Fund Fees: Zero

... It's encouraging to see Vanguard preferring its CRSP-funds (e.g. phasing out SP500 funds in its own retirement plans); it's likely that Vanguard is looking ahead. Why is lack of choice "encouraging" ? I didn't say lack of choice is what makes it encouraging, I think you can recognize that. Rath...
by JoMoney
Mon Jun 11, 2018 12:33 pm
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9355

Re: Yes, you can diversify a market portfolio

^ While the math involved with MPT is sound, we have lots of empirical evidence in the real world (ala "Efficient Frontier" charts and there changes over different time periods), that neither projected guesstimates of analysts nor historical data can reliably provide the necessary inputs to make MPT...
by JoMoney
Mon Jun 11, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9355

Re: Yes, you can diversify a market portfolio

Putting all your eggs in market beta alone with TSM with current P/E ratio S&P 500 something like 26-30 sounds risky to me. Dave What is it that you think the P/E tells you? Look like small-caps like Russell 2000 PE is at almost 90... so ... higher anticipated growth ... ? ... https://wsj.com/mdc/p...
by JoMoney
Mon Jun 11, 2018 12:10 pm
Forum: Investing - Theory, News & General
Topic: WSJ-- Next Stop for Mutual-Fund Fees: Zero
Replies: 40
Views: 4175

Re: WSJ-- Next Stop for Mutual-Fund Fees: Zero

triceratop wrote:
Mon Jun 11, 2018 11:56 am
...
It's encouraging to see Vanguard preferring its CRSP-funds (e.g. phasing out SP500 funds in its own retirement plans); it's likely that Vanguard is looking ahead.
Why is lack of choice "encouraging" ?
by JoMoney
Mon Jun 11, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9355

Re: Yes, you can diversify a market portfolio

Disagreed. Unless you have better information than other market participants, deviating from the market consensus is just exposing yourself to idiosyncratic risk. Regardless if it's picking individual stocks, sectors, or styles. You're not bringing anything to the table, or doing anything deserving ...
by JoMoney
Mon Jun 11, 2018 2:45 am
Forum: Investing - Help with Personal Investments
Topic: rolling 10yr period returns for different stock/bond mixes
Replies: 5
Views: 516

Re: rolling 10yr period returns for different stock/bond mixes

If a rolling 5yr period is acceptable, you can use Morningstar.com and their charts, change they chart type to "Rolling Returns" (usually defaults to "Growth") and the period to 60 months. Vanguard Wellington Fund has a long long history and has been a roughly 65/35 stock/bond fund, but is an active...
by JoMoney
Mon Jun 11, 2018 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10002

Re: Why do we work?

I am surprised that most people who responded to this replied that they work to provide and purchase things. I work because I absolutely love my job and consider myself very fortunate everyday to do the type of work that I do. I grew up in a very blue-collar, economically depressed area, and living...
by JoMoney
Sun Jun 10, 2018 8:20 am
Forum: Investing - Theory, News & General
Topic: Portfolio analyzer that shows underlying stocks
Replies: 5
Views: 244

Re: Portfolio analyzer that shows underlying stocks

If it is a proper mutual fund, a.k.a "Regulated Investment Company" registered with the SEC, then they are likely required to file a Quarterly Schedule of holdings, search for the fund in the SEC EDGAR database https://www.sec.gov/edgar/searchedgar/mutualsearch.html look for filing "N-Q" such as: ht...
by JoMoney
Sat Jun 09, 2018 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads' College Philosophy question
Replies: 68
Views: 3562

Re: Bogleheads' College Philosophy question

chipperd wrote:
Sat Jun 09, 2018 8:13 pm
Best borrowing is no borrowing. Save and have the kid work and pay as you go.
:thumbsup seek out scholarships, and/or maybe an employer that has a tuition reimbursement program, G.I. bill
by JoMoney
Sat Jun 09, 2018 7:24 pm
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9355

Re: Yes, you can diversify a market portfolio

Even outside the premises of CAPM, or other pricing models, if you believe that markets work, the market-weighted portfolio will always be the center of gravity. If there is some advantage discovered in one segment or another, the market will move to price accordingly. Despite the belief of some, th...
by JoMoney
Sat Jun 09, 2018 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: V-ETF strategic model portfolio S&P
Replies: 5
Views: 269

Re: V-ETF strategic model portfolio S&P

aspirit wrote:
Sat Jun 09, 2018 6:08 pm
...but there is not a SP500 fund beginning w/V . ...
VOO is the ticker for Vanguards S&P 500 ETF
by JoMoney
Sat Jun 09, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9355

Re: Yes, you can diversify a market portfolio

... But what matters most IMHO is that investors shake off the old-fashioned notion that spreading their portfolios more-or-less evenly across traditional asset classes is achieving anything like "safety" or "balance". likely concentrates their risk far more than they imagine. Institutional investo...
by JoMoney
Sat Jun 09, 2018 3:02 pm
Forum: Investing - Theory, News & General
Topic: Anyone else cheap like me and have to put new $s into the asset class that's down the most?
Replies: 23
Views: 2618

Re: Anyone else cheap like me and have to put new $s into the asset class that's down the most?

I'm cheap in that I make regular contributions to a very low cost S&P 500 index fund... and get back to work making more $ to buy more shares ;)
by JoMoney
Fri Jun 08, 2018 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend Buffer
Replies: 24
Views: 2238

Re: Dividend Buffer

Most bogleheads likely aren't fans of stock picking, which is what engineerartist is doing. Sure you can pick great stocks. Most people are more likely to pick bad ones.... A minor quibble, but I don't believe it's the case that " most people are more likely to pick bad ones ", I don't think they'r...
by JoMoney
Fri Jun 08, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10002

Re: Why do we work?

Many things, like housing prices, are priced by a bidding process. And the people bidding are all working too hard. So I have to work harder than I want to to afford a decent house. With all the productivity advances of the last century, we should all be working 2 hours per week by now. I wish ever...
by JoMoney
Fri Jun 08, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10002

Re: Why do we work?

golfCaddy wrote:
Fri Jun 08, 2018 5:50 pm
... If I won $2M net of taxes, in the lottery, and could find affordable health insurance...
<SIGH> That caveat, the fact that it is a serious one, juxtapose to becoming a multi-millionaire, says something about the cost of health care today (and subsequently insurance for it).
by JoMoney
Fri Jun 08, 2018 5:37 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 Compromised - Committee Chooses to Break Their Own Rules
Replies: 5
Views: 1400

Re: S&P 500 Compromised - Committee Chooses to Break Their Own Rules

I admit that I like the tighter screening of the S&P index, and that if I was stock picking Twitter probably would not make it. There are a handful of other companies I'd pass on as well, but some of those have gone on to have quite surprising performance. You have to draw a line somewhere though, y...
by JoMoney
Fri Jun 08, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10002

Re: Why do we work?

Because it feels good to have a purpose, to feel useful, needed, and see progress toward some goal. Because no matter how beautiful you make your garden, the weeds begin to grow when you stop tending to it. Because when you're unemployed, there's no vacation. ...That hour like a breathing-space whic...
by JoMoney
Thu Jun 07, 2018 11:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7466

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

How is this thread 2 pages long? Who cares if the sp500 is gone? The TSM is still there. There are about 10-100 things more important in investing success then, "Oh my god there is no SP500 and only the TSM how will I retire FI?" Good luck. Maybe Vanguard Marketing is trying a new tactic. They've s...
by JoMoney
Thu Jun 07, 2018 1:31 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7466

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

... if they don't catch this change then they will be met with a massive culling of their US stocks in return for international stocks, and bonds... Maybe another attempt by Vanguard to garner interest to their currency hedged international bond fund, which they forced on their target-date and life...
by JoMoney
Thu Jun 07, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: all RMD withholding at YearEnd
Replies: 11
Views: 592

Re: all RMD withholding at YearEnd

https://www.irs.gov/newsroom/most-retirees-need-to-take-required-retirement-plan-distributions-by-dec-31 ...The special April 1 deadline only applies to the RMD for the first year. For all subsequent years, the RMD must be made by Dec. 31... From what I've heard though, you should also consider tha...
by JoMoney
Thu Jun 07, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7466

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

This stands out to me too. SP500 vs TSM is a wash unless you really prefer avoiding small caps completely for some reason. Not at all. If you desire to overweight small value for example the "best" way may be to use S&P500 plus a small value fund. Yeah, it's counter productive to hold the small-gro...
by JoMoney
Thu Jun 07, 2018 8:12 am
Forum: Investing - Theory, News & General
Topic: Unnecessary Complexity? Your thoughts please.
Replies: 13
Views: 1199

Re: Unnecessary Complexity? Your thoughts please.

... of what benefit is it to slice and dice, adding complexity where one should seek simplicity? ... That question is the source of many disputes on this board. As far as I can tell, the point is (A) that some people believe they can actually get something extra, be it higher returns, or higher "ri...
by JoMoney
Thu Jun 07, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: How to legally avoid a bank levy?
Replies: 16
Views: 2106

Re: How to legally avoid a bank levy?

Is it legal to withdraw excess funds to physical cash and hiding/burying it somewhere for x years until the Statute of Limitations for collections is past?... Hiding/burying cash is at risk of being stolen or damaged, might be safer to get a cashiers check or money order, keep the receipts, and don...
by JoMoney
Wed Jun 06, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7466

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

Sad. This comment made me :oops: :confused : “The current problem with the Index 500 fund is over 25 percent of the fund is in technology stocks,” while Vanguard Total Stock market fund is better diversified, he said." The S&P 500 index, VFIAX, is 22% Tech The Total Stock Market, VTSAX, is 21% Tech...
by JoMoney
Wed Jun 06, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to legally avoid a bank levy?
Replies: 16
Views: 2106

Re: How to legally avoid a bank levy?

Keep moving it to new accounts, and hope they don't catch up to it in time to freeze it. How much money is this about? Is it just enough to live on for a period of time? Maybe a relative would be willing to open a Walmart Money-Card account (that can't be over-drawn) in their name and let the other...
by JoMoney
Wed Jun 06, 2018 12:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7466

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

Newcomers who never had it likely won't miss it relative to TSM... For the ones who notice that they had it and are now losing it, they're likely to now over-value what they lost.
by JoMoney
Wed Jun 06, 2018 11:53 am
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7466

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

Sad. This comment made me :oops: :confused : “The current problem with the Index 500 fund is over 25 percent of the fund is in technology stocks,” while Vanguard Total Stock market fund is better diversified, he said." The S&P 500 index, VFIAX, is 22% Tech The Total Stock Market, VTSAX, is 21% Tech ...
by JoMoney
Tue Jun 05, 2018 11:50 pm
Forum: Investing - Theory, News & General
Topic: in idea with SCV and leverage..
Replies: 23
Views: 1737

Re: in idea with SCV and leverage..

...what's wrong in this logic? I mean if you are ok with volatility, if you setup the leverage that yo can take a 50% loss on years..I honestly don't see really a better way of max return if yo can stomach the losses with such concentration and margin.. I mean to me, if you are ok with a SP500 fund...
by JoMoney
Tue Jun 05, 2018 11:05 pm
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9355

Re: Yes, you can diversify a market portfolio

Now you are heading off into uncharted territory. You are essentially saying if I buy 1 share of the Total Stock Market, I own nothing. Because there are no tilts? You have to own extra of something to own it? The market is the market. I'm definitely not saying that you own nothing. TSM has a full,...
by JoMoney
Tue Jun 05, 2018 8:04 pm
Forum: Investing - Theory, News & General
Topic: FOMO (Fear Of Missing Out) and your portfolio?
Replies: 23
Views: 2295

Re: FOMO (Fear Of Missing Out) and your portfolio?

FOMO is a behavioral concern that you should try to overcome. It's a very persuasive technique frequently used in sales and marketing. When you recognize it, maybe you'll feel manipulated and turn away but you won't always see/feel it clearly. https://www.psychologytoday.com/us/blog/how-be-yourself/...
by JoMoney
Tue Jun 05, 2018 7:42 pm
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9355

Re: Yes, you can diversify a market portfolio

"diversification" and "risk" haves different meaning and intimation to different people. One could also look at your suggestion and say, "This isn't true." As far as the market portfolio goes, it is a point of diversification that everyone can hold in a way that can't make a portfolio better off wit...
by JoMoney
Tue Jun 05, 2018 7:13 pm
Forum: Investing - Theory, News & General
Topic: WSJ:Social Security Expected to Dip Into Its Reserves This Year
Replies: 61
Views: 3026

Re: WSJ:Social Security Expected to Dip Into Its Reserves This Year

What is the economic reason why Social Security would need to change/benefits would need to be reduced? Couldn’t the Federal Reserve just create the money and deposit it into recipients accounts? The Federal Reserve (or any other bank) creates money by loaning it out in response to someone borrowin...
by JoMoney
Tue Jun 05, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: Mobile Fax
Replies: 8
Views: 617

Re: Mobile Fax

There are lots of online fax services that you can use from your computer or phone as you suggested. If you don't want to go the online route, there are lots of national chains that still offer the service for a fee https://www.theupsstore.com/store-services/faxing http://www.fedex.com/us/office/fax...
by JoMoney
Tue Jun 05, 2018 2:25 am
Forum: Investing - Help with Personal Investments
Topic: Consider assets locked in foreign bank?
Replies: 1
Views: 306

Re: Consider assets locked in foreign bank?

I'm not sure if you should either... at 3% I don't think it really matters.
Some people don't even think about 'rebalancing' until it goes over 5% from a threshold.
If it was your ONLY fixed-income, I might suggest you think about keeping a little extra cash around for emergency/liquidity purposes.
by JoMoney
Mon Jun 04, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: California condo - what happens after earthquake?
Replies: 6
Views: 1019

Re: California condo - what happens after earthquake?

I'm just guessing here, but if you have individual insurance on the building it would seem to me to complicate the matter since it's usually the association that's responsible for the structure, and you can't rebuild a single piece of a multi-unit condo. It might also complicate getting FEMA assista...
by JoMoney
Mon Jun 04, 2018 6:47 pm
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 11537

Re: To be or not to be complex, that is the question

... FOMO is real, so is the risk of sticking your head out and being truly 'contrarian' to the crowd. Animals that stick out from the herd are more likely to get hen-pecked or even slaughtered by predators, on rare occasion the difference turns out to be a positive adaptation that succeeds in natur...
by JoMoney
Mon Jun 04, 2018 3:46 am
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 4838

Re: Best case to convert a Bogle skeptic?

... He says we don’t understand the value provided, access to higher returns, etc... You probably really don't understand the value he feels he's getting. I know I don't. If it's an argumentative situation, you probably won't be changing his mind. You're likely at a disadvantage in the situation re...
by JoMoney
Mon Jun 04, 2018 12:22 am
Forum: Investing - Theory, News & General
Topic: Expenses not covered in Expense ratio?
Replies: 6
Views: 786

Re: Expenses not covered in Expense ratio?

Correct, there are expenses not included in the ER. For ecample, Transaction/brokerage for the fund to turnover/trade it's holdings (although you can find that in the SAI). There is foreign tax withholding on international stocks. There's also securities lending, which earns additional money for a f...
by JoMoney
Sun Jun 03, 2018 11:50 am
Forum: Investing - Theory, News & General
Topic: Interesting New Article Taking A Fresh Look At Sharpe’s Arithmetic Of Active Management
Replies: 14
Views: 1084

Re: Interesting New Article Taking A Fresh Look At Sharpe’s Arithmetic Of Active Management

Just read in Ilmanen’s Expected Returns that the S&P 500 index loses 20-30bp each year due to market impact of concentrated buying and selling around index additions and deletions. Dave "loses" compared to what? A hypothetical nonexistent portfolio? Over the past 15 years, the average (asset-weight...