Search found 5504 matches

by JoMoney
Fri Sep 14, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Any issue with overpaying taxes?
Replies: 23
Views: 1619

Re: Any issue with overpaying taxes?

Thesaints wrote:
Fri Sep 14, 2018 6:29 pm
...
I don't think the OP is planning to ask for a refund.
Ahh.. :oops: that's what I get for responding to the title without delving into the context.
by JoMoney
Fri Sep 14, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Any issue with overpaying taxes?
Replies: 23
Views: 1619

Re: Any issue with overpaying taxes?

One of the issues with overpaying taxes, is fraudulent tax filings claiming refunds have become a real problem. If you become a victim of this, it means the extra money you let the government hold onto could be locked up even longer as you dispute the fraudulent claim and try to fight and get your m...
by JoMoney
Fri Sep 14, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: Podcast Now Available - Bogleheads On Investing: Episode #1 with John C. Bogle
Replies: 58
Views: 5694

Re: Podcast Now Available - Bogleheads On Investing: Episode #1 with John C. Bogle

I for one am glad it's on podbean. I like being able to download the file directly without having to go through an app like some of the others out there do.
by JoMoney
Fri Sep 14, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone using VanguardAdvantage with free checking, Visa Gold Debit/ATM, electronic bill pay, direct deposit, plus more?
Replies: 22
Views: 3077

Re: Anyone using VanguardAdvantage with free checking, Visa Gold Debit/ATM, electronic bill pay, direct deposit, plus mo

do they change ATM card fees Vanguard doesn't charge ATM fees, but most ATM operators will charge a fee if you use a card outside of their network. Vanguard's ATM uses PNC Bank and is free on PNC ATM's, which is limited and not available out west / left coast. You can often bypass ATM fees by getti...
by JoMoney
Thu Sep 13, 2018 6:41 pm
Forum: Investing - Theory, News & General
Topic: Isn't cap weighting less diversified than equal weighting?
Replies: 72
Views: 2976

Re: Isn't cap weighting less diversified than equal weighting?

KyleAAA wrote:
Thu Sep 13, 2018 6:13 pm
Maybe in the sense that it would tend to have small and value factor tilts. But it would probably have negative quality factor exposure.
In a "factor" paradigm, equal weighting would likely have negative momentum as well.
by JoMoney
Thu Sep 13, 2018 5:54 pm
Forum: Investing - Theory, News & General
Topic: Isn't cap weighting less diversified than equal weighting?
Replies: 72
Views: 2976

Re: Isn't cap weighting less diversified than equal weighting?

"Diversification" is subjective. Ultimately the debate is semantic. I am not sure there is an argument on either side. Setting aside the diversification question, market cap is consistent with efficient markets. You are weighting shares of companies according to their market value. Equal weighting ...
by JoMoney
Thu Sep 13, 2018 2:33 am
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Assets Held In Street Name
Replies: 52
Views: 1390

Re: Vanguard Brokerage Assets Held In Street Name

Not clear what you're looking for, but I thought I should point out that while you may own a mutual fund held with VBS The stocks within the mutual fund are not held by VBS but with third-party custodians as listed in the funds SAI For example: https://personal.vanguard.com/pub/Pdf/sai040.pdf?221014...
by JoMoney
Wed Sep 12, 2018 4:05 pm
Forum: Investing - Theory, News & General
Topic: Mother, can I trust the stock market?
Replies: 19
Views: 2271

Re: Mother, can I trust the stock market?

Mistakes happen, but tracking of securities like stocks is pretty darn good. We don't have bearer bonds anymore. If you want some gruesome stories look into title disputes on land.
by JoMoney
Wed Sep 12, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: 401k "advice" to my associates
Replies: 51
Views: 2084

Re: 401k "advice" to my associates

To each there own. If a majority viewed common consumption habits as grossly as I do, we would probably be in a economic depression.
by JoMoney
Wed Sep 12, 2018 3:15 pm
Forum: Investing - Theory, News & General
Topic: Isn't cap weighting less diversified than equal weighting?
Replies: 72
Views: 2976

Re: Isn't cap weighting less diversified than equal weighting?

Cap weighting weights the stronger less risky stocks heavier than riskier stocks. In aggregate a broad market cap-weighted index holds the markets aggregate level of "risk". Weighting in another fashion would change the level of risk, equal weighting would hold more of the smaller riskier stocks, th...
by JoMoney
Wed Sep 12, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes in retirement too good to be true?
Replies: 23
Views: 4352

Re: Taxes in retirement too good to be true?

The problem with this scenario is you are assuming a taxable account. Most people will have the majority of funds in an IRA ir 401k. Then you have to think about rmds, Roth conversions, etc This scenario is why, in my opinion, the USA should increase taxes on capital gains and decrease taxes on mid...
by JoMoney
Wed Sep 12, 2018 4:11 am
Forum: Personal Consumer Issues
Topic: Vanguard electronic bank transfers
Replies: 22
Views: 2052

Re: Vanguard electronic bank transfers

A long time back, in my Pre-Vanguard Brokerage Upgrade, Mutual Fund Only account, I used to have check writing enabled on my short-term bond fund. I used it a couple times, it was a seemingly nice convenience that wasn't that useful (and could make for some tax complications if you violated a wash s...
by JoMoney
Wed Sep 12, 2018 2:27 am
Forum: Investing - Theory, News & General
Topic: russell2000,1000 and S&P 500
Replies: 4
Views: 530

Re: russell2000,1000 and S&P 500

The Russell 3000 is the "FTSE Russell" family of indexes version of the "US Total Market". It can be split into the Russell 1000 (Large and Mid-Cap) and the Russell 2000 (Small-Caps). The Russell 1000 makes up about 90% of the "US Total market", and the Russell 2000 about 10%. The S&P 500 is an inde...
by JoMoney
Wed Sep 12, 2018 2:09 am
Forum: Personal Finance (Not Investing)
Topic: Taxes in retirement too good to be true?
Replies: 23
Views: 4352

Re: Taxes in retirement too good to be true?

I think a muni-bond fund is the wrong choice in that scenario. Tax bracket is so low that you may not be getting compensated for the lower yield + with the $12,000 standard deduction you could be using for income that is less tax efficient than qualified dividends and LTCG. What does your planned sp...
by JoMoney
Tue Sep 11, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: Avoiding creeping complexity
Replies: 14
Views: 1424

Re: Avoiding creeping complexity

I used to have a portfolio of individual stocks. The "rebalancing" or deciding when to buy/sell was definitely a confounding situation prone to behavioral issues, tax issues, performance issues, risk... I ultra-simplified to a single broad market equity fund seasoned with enough cash and short-term ...
by JoMoney
Tue Sep 11, 2018 3:37 pm
Forum: Investing - Theory, News & General
Topic: Expanded versions of Balanced Index Fund?
Replies: 5
Views: 388

Re: Expanded versions of Balanced Index Fund?

MJW wrote:
Tue Sep 11, 2018 3:17 pm
I would imagine the OP was thinking of a US-only option with those allocations available.

"But why would anyone want that?" :P
I do... but I also prefer to manage by stock/bond allocation myself rather than an all-in-one balanced fund.
by JoMoney
Tue Sep 11, 2018 2:58 pm
Forum: Investing - Theory, News & General
Topic: Expanded versions of Balanced Index Fund?
Replies: 5
Views: 388

Re: Expanded versions of Balanced Index Fund?

Does anyone, besides me, desire to have additional Balanced Index Fund allocations, in addition to the current 60% Total USA Stock Market and 40% Total USA Bond Market? For example, 80-20 60-40 current single allocation 40-60 20-80 peace People who desire that, probably use something like the Vangu...
by JoMoney
Tue Sep 11, 2018 6:02 am
Forum: Investing - Theory, News & General
Topic: Value of Vanguard's Allocation Chart? Putting the present in a larger context? Or ???
Replies: 12
Views: 1363

Re: How close are your 12 month earnings compared to Vanguard's Allocation Chart?

I've been gradually reducing me near 100% equity exposure, currently around 95/5, aiming to get to 90/10. Pretty much entirely in equities, S&P 500 index fund... my past 12 month return exceeded the 'average return' suggested by the chart. I think a more useful comparison would be Sandtrap's return...
by JoMoney
Tue Sep 11, 2018 5:04 am
Forum: Investing - Theory, News & General
Topic: Value of Vanguard's Allocation Chart? Putting the present in a larger context? Or ???
Replies: 12
Views: 1363

Re: How close are your 12 month earnings compared to Vanguard's Allocation Chart?

I've been gradually reducing me near 100% equity exposure, currently around 95/5, aiming to get to 90/10.
Pretty much entirely in equities, S&P 500 index fund... my past 12 month return exceeded the 'average return' suggested by the chart.
by JoMoney
Mon Sep 10, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: One bond fund is enough?
Replies: 16
Views: 1687

Re: One bond fund is enough?

Vanguard seems to be pushing "International Bonds" pretty heavy for some reason. I don't see anyone else in the investment punditry that I hold with any regard advising international bonds, least of all the currency hedged ones in Vanguard's fund. There is overlap between Total Bond and the other fu...
by JoMoney
Mon Sep 10, 2018 1:05 am
Forum: Investing - Theory, News & General
Topic: Question: Alternatives to Berkshire
Replies: 14
Views: 1238

Re: Question: Alternatives to Berkshire

AFLAC
ALLSTATE
AIG
CHUBB
PROGRESSIVE
by JoMoney
Mon Sep 10, 2018 12:15 am
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8069

Re: Can Sneakers go with Business Casual?

... (Personally I don't care what shoes someone is wearing, I don't see how it's related to competence). People don't know what's going on inside your head, or know your level of competence by seeing you. They will form strong initial judgments on how they see you presenting yourself. You may not g...
by JoMoney
Sun Sep 09, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: I think my father has a gambling problem
Replies: 78
Views: 6688

Re: I think my father has a gambling problem

sawhorse wrote:
Sun Sep 09, 2018 3:21 pm
...
I'll try to get him involved in other hobbies. He had to stop his previous hobbies as they were all physical in nature. ...
That sounds like a good idea. Be aware that some hobbies can also lead one to "squander" large amounts of money on gear, accessories,... green fees :mrgreen:
by JoMoney
Sun Sep 09, 2018 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: I think my father has a gambling problem
Replies: 78
Views: 6688

Re: I think my father has a gambling problem

Does he gamble money needed for bills, lie about going to the casino, miss family/friend events to go to the casino instead? Those would be problems. Doing it because he's bored and it's a convenient (maybe fun) maybe social (poker) activity doesn't necessarily make it a problem (even though it crea...
by JoMoney
Sun Sep 09, 2018 2:58 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8069

Re: Can Sneakers go with Business Casual?

As a software engineer at a fortune 50 tech company, most people show up in t-shirts, shorts, flip-flops, jeans, polos, pretty much anything really (within reason obviously, no belly shirts lol). ... While that may be acceptable in many environments, that doesn't fit a definition of " Business Casu...
by JoMoney
Sun Sep 09, 2018 4:15 am
Forum: Investing - Theory, News & General
Topic: D. E. Shaw fund prospectus - would you invest?
Replies: 35
Views: 2198

Re: D. E. Shaw fund prospectus - would you invest?

No, I wouldn't invest in it. I have no idea how to evaluate the risk and if it's "mispriced" or not. Assuming there is mis-pricing going on, the fact that I'm not sure how to evaluate the risk makes me more likely the sucker being taken advantage of in that game premised on the idea that there are s...
by JoMoney
Sat Sep 08, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8069

Re: Can Sneakers go with Business Casual?

As a software engineer at a fortune 50 tech company, most people show up in t-shirts, shorts, flip-flops, jeans, polos, pretty much anything really (within reason obviously, no belly shirts lol). ... While that may be acceptable in many environments, that doesn't fit a definition of " Business Casu...
by JoMoney
Sat Sep 08, 2018 4:05 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8069

Re: Can Sneakers go with Business Casual?

... (Personally I don't care what shoes someone is wearing, I don't see how it's related to competence). People don't know what's going on inside your head, or know your level of competence by seeing you. They will form strong initial judgments on how they see you presenting yourself. You may not g...
by JoMoney
Sat Sep 08, 2018 3:55 pm
Forum: Personal Consumer Issues
Topic: Is it sensible to buy a car from Elon Musk?
Replies: 59
Views: 3022

Re: Is it sensible to buy a car from Elon Musk?

At least Musk might be able to sleep easier knowing that there's more money now betting against Bezos
Amazon takes over as most shorted U.S. stock
https://www.reuters.com/article/us-tesl ... SKCN1LF2KL
by JoMoney
Sat Sep 08, 2018 3:43 pm
Forum: Personal Consumer Issues
Topic: Is it sensible to buy a car from Elon Musk?
Replies: 59
Views: 3022

Re: Is it sensible to buy a car from Elon Musk?

Does his behavior give you reason to pause when considering purchasing a Tesla? Which behavior are we giving priority to? Working long hours and sleeping on the factory floor? https://www.marketwatch.com/story/elon-musk-says-hes-back-to-sleeping-on-the-tesla-factory-floor-2018-04-11 https://www.bus...
by JoMoney
Sat Sep 08, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8069

Re: Can Sneakers go with Business Casual?

... (Personally I don't care what shoes someone is wearing, I don't see how it's related to competence). People don't know what's going on inside your head, or know your level of competence by seeing you. They will form strong initial judgments on how they see you presenting yourself. You may not g...
by JoMoney
Sat Sep 08, 2018 2:58 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8069

Re: Can Sneakers go with Business Casual?

No, but you could probably get away without anyone directly talking to you about it.
It would probably go over better if it were a flat black shoe without the white trim or logos.
by JoMoney
Fri Sep 07, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: Does market timing have to be perfect to be effective?
Replies: 35
Views: 2471

Re: Does market timing have to be perfect to be effective?

Among the problems with market timing, is it has a negative expectation from the get-go because of spreads, broker commissions, and taxes. On top of that, if we're talking about timing between stocks and cash/bonds, the trend and/or intrinsic performance advantage is with stocks and against cash. Th...
by JoMoney
Thu Sep 06, 2018 4:41 am
Forum: Investing - Theory, News & General
Topic: Are the stock market movements really random?
Replies: 37
Views: 2811

Re: Are the stock market movements really random?

Is the stock market random? Probably not. Do you have special information giving you an advantage? Probably not. Whether or not you lump-sum in now is a decision you'll have to make, but I'm effectively "lumped" in with my money at this point in time and I'm not selling. FWIW, this " longest bull ru...
by JoMoney
Wed Sep 05, 2018 3:09 am
Forum: Personal Finance (Not Investing)
Topic: Google's secret deal with MasterCard to buy all your CC transactions
Replies: 25
Views: 3101

Re: Google's secret deal with MasterCard to buy all your CC transactions

germ wrote:
Wed Sep 05, 2018 12:41 am
...
How can we pressure MasterCard to stop this?
Stop using their product. Look for an alternate product that promises the privacy you're seeking.
Cash works very well.
by JoMoney
Tue Sep 04, 2018 11:29 pm
Forum: Investing - Theory, News & General
Topic: What to look for when investing?
Replies: 12
Views: 964

Re: What to look for when investing?

The expected return for Sears and GE are exactly the same as for Netflix and Amazon. This isn't true even if you believe in EMH. The expected return will be higher for the stock with higher systematic risks. Aren't all stocks subject to the same systematic risks? Of those four, which would you say ...
by JoMoney
Tue Sep 04, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: Where can I export stock market index data in a spreadsheet format for past years?
Replies: 1
Views: 172

Re: Where can I export stock market index data in a spreadsheet format for past years?

You're going to have a hard time finding a free source for that. There's likely some pay service that offers stuff like that, maybe https://www.globalfinancialdata.com/ , or Bloomberg, or a specific Index provider like S&P, MSCI, etc.. If you're looking for free, the closest I can suggest would be t...
by JoMoney
Tue Sep 04, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18139

Re: How to Retire in Your 30's with $1 Million in the Bank

... But sure, there are lots, millions in fact, of people that live on 30k-40k, so I'm not at all saying it is impossible... To note, the median hourly wage is $18.12 an hour, assuming a 40/hr work week that's under $38k a year for half the country. https://www.bls.gov/oes/current/oes_nat.htm#00-0000
by JoMoney
Tue Sep 04, 2018 2:45 pm
Forum: Investing - Theory, News & General
Topic: Why are you not compensated for taking unsystematic risk?
Replies: 42
Views: 2331

Re: Why are you not compensated for taking unsystematic risk?

I haven't seen anyone saying low beta as a factor of outperformance. Holding all else equal, low beta stocks should have lower expected return. you can check a number of blogs and articles, such as this https://www.etf.com/sections/index-investor-corner/swedroe-explaining-low-vol-anomaly-0 or this ...
by JoMoney
Tue Sep 04, 2018 5:52 am
Forum: Investing - Theory, News & General
Topic: Why are you not compensated for taking unsystematic risk?
Replies: 42
Views: 2331

Re: Why are you not compensated for taking unsystematic risk?

steve321 wrote:
Tue Sep 04, 2018 4:59 am
... So according to this argument, they should have a lower risk-adjusted return than the whole market. Is that right?
Yes, that is the theory, and tends to be the case in practice. The academic dilemma starting with that premise though is in finding a measurement to quantify the "risk".
by JoMoney
Tue Sep 04, 2018 4:49 am
Forum: Investing - Theory, News & General
Topic: Why are you not compensated for taking unsystematic risk?
Replies: 42
Views: 2331

Re: Why are you not compensated for taking unsystematic risk?

There's an awful lot of professionals making bets in the market expecting their opinion is better than someone on the other side of their trade. Unless you have unique information or a market position that is giving you a unique advantage, why would you expect the stocks you select to have higher re...
by JoMoney
Tue Sep 04, 2018 12:00 am
Forum: Investing - Help with Personal Investments
Topic: I read it wrong? VGT PE is 8.x or 25.x?
Replies: 2
Views: 318

Re: I read it wrong? VGT PE is 8.x or 25.x?

There are many different ways to calculate the P/E for a portfolio of individual stocks. Things like "reported" vs "operating" earnings, trailing vs projected earnings estimates, and what to do about companies that are earnings outliers with low, no, or negative earnings. http://archive.is/IcnyG ......
by JoMoney
Mon Sep 03, 2018 11:11 pm
Forum: Investing - Theory, News & General
Topic: 100% Bonds to boost returns?
Replies: 61
Views: 6391

Re: 100% Bonds to boost returns?

Jebediah wrote:
Mon Sep 03, 2018 10:54 pm
... There's not much debate really about the expected returns. ...
That's ridiculous. You gave three different estimates in your OP, their estimates are not the only ones out there.
by JoMoney
Mon Sep 03, 2018 10:16 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to invest in individual stocks (like Kanye West) if you stick to what you know?
Replies: 110
Views: 5563

Re: Does it make sense to invest in individual stocks (like Kanye West) if you stick to what you know?

When I peruse the major holdings in my S&P 500 index fund, it seems to me that I "know" and have some connection to the products of these companies. While that may give me some feeling as to the quality and the dominance in their market these companies have, it tells me absolutely nothing about whet...
by JoMoney
Mon Sep 03, 2018 9:47 pm
Forum: Investing - Theory, News & General
Topic: 100% Bonds to boost returns?
Replies: 61
Views: 6391

Re: 100% Bonds to boost returns?

The returns you get from bonds will be far more certain than with stocks. The 2019 forward estimates for the S&P 500 reported earnings is $163.49 At the current price of $2,901.52 the earnings yield would be about 5.6%, regardless if we hit that estimate next year or not, stocks are generally expec...
by JoMoney
Mon Sep 03, 2018 9:11 pm
Forum: Investing - Theory, News & General
Topic: 100% Bonds to boost returns?
Replies: 61
Views: 6391

Re: 100% Bonds to boost returns?

The returns you get from bonds will be far more certain than with stocks. The 2019 forward estimates for the S&P 500 reported earnings is $163.49 At the current price of $2,901.52 the earnings yield would be about 5.6%, regardless if we hit that estimate next year or not, stocks are generally expect...
by JoMoney
Mon Sep 03, 2018 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a better way to do International than Total Index??
Replies: 22
Views: 2852

Re: Is there a better way to do International than Total Index??

What constitutes "better" ?
Lower cost? Lower risk? Higher "factor" weightings? Tax treatment? Turnover? Number of holdings? Sector weightings? Better suited to some personal preference?
by JoMoney
Mon Sep 03, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: What's wrong with putting most of my money into two stocks: Alphabet and Amazon?
Replies: 79
Views: 3148

Re: What's wrong with putting most of my money into two stocks: Alphabet and Amazon?

Because despite my relatively positive outlook on Alphabet and Amazon as a company, I have no way of telling if the stock is a better value (or higher risk) at it's current price relative to the other 500+ stocks I might consider buying. Because single stocks present extreme risks, like turning a $1...
by JoMoney
Mon Sep 03, 2018 4:30 pm
Forum: Investing - Theory, News & General
Topic: Hold cash in Treasury Bills or in Money Market Fund?
Replies: 36
Views: 4561

Re: Hold cash in Treasury Bills or in Money Market Fund?

I want to hold about 10% of my retirement portfolio in a form that is close to cash. Which of the following is preferable (and why)? 1. Treasury Bills of 1 month, 3 months, or maybe 6 months? 2. The Fidelity Money Market fund FNSXX with a 7 Day Yield of 2.12% net of expenses (usually a $10,000,000 ...