Search found 3076 matches

by kenner
Mon Mar 24, 2008 6:48 pm
Forum: Personal Investments
Topic: Can one TLH in DFA funds?
Replies: 13
Views: 2182

Seems to me that TLH strategy in DFA funds would be a matter of you working out an acceptable arrangement with whichever adviser you decide to work with (assuming you don't have direct access to DFA funds). Why not call a few potential advisers and discuss the subject? Based on DFA's business model,...
by kenner
Mon Mar 24, 2008 4:27 pm
Forum: Personal Investments
Topic: KSODAPOP - Help disabled investor sort out advisor mess
Replies: 44
Views: 8980

First and foremost, I would strongly suggest that you do nothing until you know a lot more about what this "adviser" has gotten you into. Although he may not have revealed the whole truth when he got you into those "investments", he may be telling you the truth now when he states...
by kenner
Fri Mar 21, 2008 10:19 am
Forum: Personal Investments
Topic: FundAdvice Portfolios
Replies: 31
Views: 5429

Ted, I share your views on many of the aspects of the FA recommended portfolios. I do find it impressive that Merriman seemingly offers "free samples" of his recommended diversified portfolios for Vanguard, Fidelity, Schwab, T. Rowe Price, all-ETF, etc. I personally look only at the Vangua...
by kenner
Fri Mar 21, 2008 1:51 am
Forum: Personal Investments
Topic: Prime MM vs. Federal MM vs. Tax-Exempt MM
Replies: 10
Views: 2020

Thank you. It always amazes me, but I learn new stuff every time I read these postings. Even though I majored in Banking and Finance, graduating with honors from a major U.S. university, and have invested in Vanguard funds (including Prime Money Market Fund) for over 20 years, it floors me that ther...
by kenner
Fri Mar 21, 2008 12:53 am
Forum: Personal Investments
Topic: FundAdvice Portfolios
Replies: 31
Views: 5429

DFA's website has a search feature that allows individual investors to find advisers with access to DFA funds. Read all you can on DFA vs. Vanguard and see if the added cost of an adviser is worthwhile to you based on your knowledge and comfort level and the possibility of a DFA portfolio outperform...
by kenner
Thu Mar 20, 2008 11:44 pm
Forum: Personal Investments
Topic: Prime MM vs. Federal MM vs. Tax-Exempt MM
Replies: 10
Views: 2020

Are the officers and directors of Vanguard allowed to decrease their compensation in order to restore this hypothetical loss in $1.00 per share value? Could they take out a loan based on personal guarantees? Is there truly no other "bailout" scenario other than raiding shareholders' accoun...
by kenner
Thu Mar 20, 2008 11:02 pm
Forum: Personal Investments
Topic: Prime MM vs. Federal MM vs. Tax-Exempt MM
Replies: 10
Views: 2020

I seriously doubt that Vanguard would take money from any shareholder's account to shore up a money market fund. If a "bailout" was required, the funds would come from Vanguard's operating revenues or some other source, not from shareholders' investments. Right?
by kenner
Thu Mar 20, 2008 10:51 pm
Forum: Personal Investments
Topic: FundAdvice Portfolios
Replies: 31
Views: 5429

Peanut, although Evanson Asset Management has a high ($1,000,000) minimum account size, I would recommend that you read Dr. Evanson's article titled "Portfolio Design" on the EAM website. It provides a sample DFA portfolio and a lot of other useful information. Dr. Evanson is very highly r...
by kenner
Thu Mar 20, 2008 10:24 pm
Forum: Personal Investments
Topic: New Asset Allocation
Replies: 6
Views: 1850

Your AA seems very well thought out and effective. At your very young age, you might want to consider adding a larger percentage of value stocks and small caps, both of which have added substantial total returns to portfolios over long historical periods. I don't recall off-hand how much small cap e...
by kenner
Wed Mar 19, 2008 7:03 pm
Forum: Personal Investments
Topic: KSODAPOP - Help disabled investor sort out advisor mess
Replies: 44
Views: 8980

Just a quick follow-up. Federated Investors, Inc., has a general money market fund named "Federated Capital Reserve Fund". It is also called "Capital Fund" in Federated's prospectus, which is available online at federatedinvestors.com. The cusip is apparently 608919304 and (Pop, ...
by kenner
Wed Mar 19, 2008 1:13 pm
Forum: Personal Investments
Topic: KSODAPOP - Help disabled investor sort out advisor mess
Replies: 44
Views: 8980

Your topic is so broad and covers so much territory (financial, political, legal, etc.) it's difficult to know where to begin. Everyone who responds to your post would love to help you in some way. For starters, it seems obvious that you put your trust in advisers who had their own financial interes...
by kenner
Tue Mar 18, 2008 9:43 pm
Forum: Personal Investments
Topic: Monthly DCA versus quarterly DCA?
Replies: 10
Views: 2710

Not sure if there are definitive studies that determine an absolute best DCA strategy that maximizes total returns. A very large number of investors believe that lump sum is the best way to go. As a newbie to this forum, I surely can't say whether there is a Boglehead consensus on this subject. One ...
by kenner
Sat Mar 15, 2008 8:58 am
Forum: Personal Investments
Topic: Critique My Portfolio
Replies: 11
Views: 1530

Other than some slight overlap in your large cap funds (possibly adding to expense ratios), which Piper and Livesoft have addressed, it looks like you have a portfolio Dr. Bernstein would be proud of. Other minor considerations include perhaps adding a tad more REIT (if it fits your comfort level) a...
by kenner
Fri Mar 14, 2008 9:49 pm
Forum: Personal Investments
Topic: 2 Million Dollars - Need Short Term Investment Advice
Replies: 13
Views: 3374

How much money are you willing to risk losing? There appears to be a current global downward re-assessment of equity valuations, stemming in large part from dislocations in U. S. credit markets. If you had invested $2,000,000 in even a well-divesified, solid U. S. plus international equity portflio ...
by kenner
Fri Mar 14, 2008 6:46 am
Forum: Personal Investments
Topic: 2 Million Dollars - Need Short Term Investment Advice
Replies: 13
Views: 3374

Welcome to the Forum and congratulations on on your opportunity to create an investment portfolio that can serve you well for many years to come. You have already identified three excellent investment choices that, in appropriate percentages, have a valid place in many comprehensive portfolios. If y...
by kenner
Tue Mar 11, 2008 11:34 pm
Forum: Investing - Theory, News & General
Topic: Why would anyone here use DFA funds?
Replies: 13
Views: 3346

After a bit of research over the last couple weeks, it seems to me that the best two fund families on the planet are Vanguard and DFA. Vanguard's funds almost always have significantly lower expense ratios than DFA. Also, Vanguard's index funds are true index funds. DFA touts its strong academic and...
by kenner
Tue Mar 11, 2008 8:32 pm
Forum: Personal Investments
Topic: Asset Allocation for 2045
Replies: 13
Views: 2241

Ant, I'm with Piper. You are in great shape by putting your family in good financial condition at present and starting a solid investment plan at an early age. Target 2045 fits right in your wheelhouse. Vanguard's portfolio management team knows how to adjust the investments over time as far as shif...
by kenner
Tue Mar 11, 2008 10:15 am
Forum: Personal Investments
Topic: Asset Allocation for 2045
Replies: 13
Views: 2241

Ant,

I forgot to address your question about the cost of switching your investment from 2045 to 2025. I doubt there is a charge, but you can call Vanguard and they can probably answer your question in about one minute.
by kenner
Tue Mar 11, 2008 10:03 am
Forum: Personal Investments
Topic: Asset Allocation for 2045
Replies: 13
Views: 2241

Congratulations , Ant. Of the mutual fund families that are open to the general public, you have chosen the best one. Target 2045 is an excellent general choice for a huge percentage of investors who want to effectively grow their money based on global market performance over the next 30 - 40 years ...
by kenner
Tue Mar 11, 2008 9:21 am
Forum: Personal Investments
Topic: bond fund allocation
Replies: 19
Views: 4662

larmewar,

On a short term timing basis, your analysis re I Bonds seems right on. Since I don't know much about I Bonds, I wonder how they would fit in an otherwise well-balanced portfolio with a 20 -30 year investment horizon.

Any thoughts?
by kenner
Mon Mar 10, 2008 10:25 pm
Forum: Personal Investments
Topic: bond fund allocation
Replies: 19
Views: 4662

I'll bite: 1. TIPS fund (inflation protection), plus 2. Intermediate Term Treasuries fund (flight to quality premium, long term "sweet spot" return, safety from credit risk), plus 3. Short Term Bond Index fund (very low expense ratio, exposure to government, high-quality corporate and inte...
by kenner
Thu Mar 06, 2008 1:33 pm
Forum: Investing - Theory, News & General
Topic: 5-year TIPs yield at 0%
Replies: 48
Views: 10664

Even if the recent "flight to quality" has driven up TIPS prices (and yields down), isn't Vanguard's TIPS fund still a great way to protect purchasing power over the next 20 or 30 years?

Should long term investors really be trying to time this segment of the market?
by kenner
Tue Mar 04, 2008 1:39 pm
Forum: Personal Investments
Topic: Portfolio overhaul?
Replies: 14
Views: 2915

I think what Dr. Evanson is advocating is this: if you want to invest $10,000 of your portfolio in small cap stocks as an asset class, buy something like 70% of the total dollar amount in a small cap value index and 30% in a small cap growth index to overweight the value side. If you simply buy a sm...
by kenner
Tue Mar 04, 2008 12:40 pm
Forum: Personal Investments
Topic: Comments on My Portfolio
Replies: 5
Views: 1618

I believe you have a very well-thought-out and effective portfolio. Some might quibble with a substantial commitment to the gold mining sector (is it "stock picking"?) and the commodities index investment (some purists do not recognize commodities as an asset class because they are not inc...
by kenner
Tue Mar 04, 2008 9:12 am
Forum: Personal Investments
Topic: $600K to Invest / AA Help / Retire Advice
Replies: 6
Views: 1737

I think an allocation of 30% - 40% bonds is preferable to an 80/20 split. Over the long term, inflation can destroy an investment portfolio, so I would suggest TIPS for about 10% of your allocation. Just when we think that U.S. and international central bankers have control of inflation, they prove ...
by kenner
Sun Mar 02, 2008 6:18 am
Forum: Personal Investments
Topic: Portfolio overhaul?
Replies: 14
Views: 2915

Portfolio Overhaul

Sounds like you're on the right track and asking the important questions. Portfolio composition is crucial. This site and others have taught me to diversify across all major asset classes (fixed income, U.S. and international equity) and to allocate appropriate percentages to the various sub-categor...