Search found 550 matches

by GreatOdinsRaven
Sat Mar 11, 2017 7:22 pm
Forum: Investing - Theory, News & General
Topic: A Returns Spreadsheet for Bogleheads
Replies: 263
Views: 70490

Re: A Returns Spreadsheet for Bogleheads

Basically, added a column to the 'Portfolio' tab called 'Enabled', in which a value of 1 means enabled, and 0 means disabled. ... That makes it easy to turn on and off individual accounts. This is INCREDIBLY useful. Perhaps the site administrators would consider adding this functionality to the dow...
by GreatOdinsRaven
Fri Mar 10, 2017 11:27 pm
Forum: Investing - Theory, News & General
Topic: Rekenthaler: My Asset Allocation
Replies: 21
Views: 3140

Re: Rekenthaler: My Asset Allocation

The essence of his position is that he is wealthy enough that he doesn't really need to worry about it no matter what his asset allocation. The article is devoid of sufficient specifics to draw useful implications for anyone else. There exists a plethora of analysis regarding what does and doesn't ...
by GreatOdinsRaven
Fri Mar 10, 2017 11:20 pm
Forum: Investing - Theory, News & General
Topic: A Returns Spreadsheet for Bogleheads
Replies: 263
Views: 70490

Re: A Returns Spreadsheet for Bogleheads

@nakatomi, could you share how you customize it. Hi Peculiar_Investor - Sorry didn't see this earlier as I was traveling. Basically, added a column to the 'Portfolio' tab called 'Enabled', in which a value of 1 means enabled, and 0 means disabled. Next, I modified the Balance column for each accoun...
by GreatOdinsRaven
Tue Mar 07, 2017 12:04 am
Forum: Investing - Theory, News & General
Topic: Is tilting with small cap and REIT still recommended if they are not available as index-funds?
Replies: 20
Views: 3003

Re: Is tilting with small cap and REIT still recommended if they are not available as index-funds?

Just to echo the general sentiment…I wouldn't pay anywhere 1.25% extra to tilt. I slice and dice and tilt, but it's with Vanguard funds at ERs ranging from 4 bp to 14 bp. At this point, I haven't seen any third-party ETFs (or accessible mutual funds) with tilts/factor exposures attractive enough to...
by GreatOdinsRaven
Thu Mar 02, 2017 4:14 pm
Forum: Personal Investments
Topic: Vanguard Lousy Customer Service
Replies: 86
Views: 10815

Re: Vanguard Lousy Customer Service

A couple of years ago, there was a wave of posts on the problem of SpecID sales being mis-executed as FIFO. My speculation is that it is limited to the "upgraded" brokerage platform; not sure if the scope is even narrower than that. Somehow I think the forum would be overrun with posts on this issu...
by GreatOdinsRaven
Thu Mar 02, 2017 3:52 pm
Forum: Personal Investments
Topic: Vanguard Lousy Customer Service
Replies: 86
Views: 10815

Re: Vanguard Lousy Customer Service

A couple of years ago, there was a wave of posts on the problem of SpecID sales being mis-executed as FIFO. My speculation is that it is limited to the "upgraded" brokerage platform; not sure if the scope is even narrower than that. Somehow I think the forum would be overrun with posts on this issu...
by GreatOdinsRaven
Thu Mar 02, 2017 2:41 pm
Forum: Personal Investments
Topic: Vanguard Lousy Customer Service
Replies: 86
Views: 10815

Re: Vanguard: THE WORST BROKERAGE. Stay away

I held accounts at Fidelity and Vanguard for many years. Last year in a simplification effort I consolidated all into Vanguard. My experience over the years is that Fidelity clearly provides better service and has a better website. However, Vanguard is "good enough" to use Bill Gates saying. I have...
by GreatOdinsRaven
Thu Mar 02, 2017 9:46 am
Forum: Personal Investments
Topic: Vanguard Lousy Customer Service
Replies: 86
Views: 10815

Re: Vanguard: THE WORST BROKERAGE. Stay away

Okay, Now I am getting really frustrated. Vanguard is averaging 1 major error every 3 months in my taxable account. Over the past 2 years, they have used the wrong cost basis, created an erroneous wash sale due to unauthorized transaction, sent wrong information and tax forms for a 401k rollover ge...
by GreatOdinsRaven
Wed Mar 01, 2017 8:45 am
Forum: Personal Investments
Topic: Vanguard Lousy Customer Service
Replies: 86
Views: 10815

Re: Vanguard: THE WORST BROKERAGE. Stay away

If you want to do unusual stuff like specific lots, not the best platform. You shouldn't use them. SpecID isn't something unusual- at all. It's literally a box that you select on the Vanguard webpage on how you'd like them to track you costs basis- just like you'd select FIFO or avg cost. To be cle...
by GreatOdinsRaven
Wed Mar 01, 2017 8:21 am
Forum: Personal Investments
Topic: Vanguard Lousy Customer Service
Replies: 86
Views: 10815

Re: Vanguard: THE WORST BROKERAGE. Stay away

Okay, Now I am getting really frustrated. Vanguard is averaging 1 major error every 3 months in my taxable account. Over the past 2 years, they have used the wrong cost basis, created an erroneous wash sale due to unauthorized transaction, sent wrong information and tax forms for a 401k rollover ge...
by GreatOdinsRaven
Sun Feb 26, 2017 3:11 am
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 265
Views: 30200

Re: What is your overall portfolio weighted expense ratio

Posted last year- new update. Since last summer I moved all of my foreign equity holdings held in tax-advantaged accounts from a low cost provider to DFA (International Small-cap Index ---> DFA International Small-cap Value, TISM ---> DFA International Core Equity 1 and Emerging Markets Index ----> ...
by GreatOdinsRaven
Thu Feb 16, 2017 5:36 pm
Forum: Personal Investments
Topic: Can we automate Vanguard brokerage ETF purchases?
Replies: 22
Views: 4194

Re: Can we automate Vanguard brokerage ETF purchases?

livesoft wrote:I don't get it. What's to stop you from buying periodically? Do you not have a computer or a smart phone?

Livesoft,
You know that set-and-forget automated investing removes the temptation to make changes/market time. Not helpful.
by GreatOdinsRaven
Thu Feb 16, 2017 5:27 pm
Forum: Personal Investments
Topic: Can we automate Vanguard brokerage ETF purchases?
Replies: 22
Views: 4194

Re: Can we automate Vanguard brokerage ETF purchases?

So possible workaround: Step 1: Set up Automatic Investment Plan to go into Mutual Fund. Step 2: Every few months or so call Vanguard and ask to convert 90% of your shares in that mutual fund to ETF shares. They can do a conversion in the back end system that is not a taxable event even for non-ret...
by GreatOdinsRaven
Thu Feb 16, 2017 5:27 pm
Forum: Personal Investments
Topic: Can we automate Vanguard brokerage ETF purchases?
Replies: 22
Views: 4194

Re: Can we automate Vanguard brokerage ETF purchases?

Why would you even want such a feature? Why not just do it with mutual funds instead? It makes much more sense doing this with MFs than ETFs. That's a great question. MTUM is an ETF with no MF equivalent. VSS (Intl small-cap) has a lower expense ratio than the Vanguard MF equivalent that only has i...
by GreatOdinsRaven
Thu Feb 16, 2017 3:53 pm
Forum: Personal Investments
Topic: Can we automate Vanguard brokerage ETF purchases?
Replies: 22
Views: 4194

Re: Can we automate Vanguard brokerage ETF purchases?

I just checked my account and the Vanguard automatic investment option (My Account->Account Maintenance->Automatic Investment) will not let you choose any ETFs you own, only mutual funds. I've had the same experience. However, a previous poster seemed adamant that I could automate ETF purchases eve...
by GreatOdinsRaven
Thu Feb 16, 2017 3:34 pm
Forum: Personal Investments
Topic: Can we automate Vanguard brokerage ETF purchases?
Replies: 22
Views: 4194

Can we automate Vanguard brokerage ETF purchases?

I have receive conflicting information. I've moved over to a Vanguard brokerage account for some of my taxable investments. I'd like to purchase Vanguard and iShares ETFs and I'd like to initiate automatic purchases every two weeks. (Set and forget). Vanguard told me that I can't do this with ETFs, ...
by GreatOdinsRaven
Sat Feb 11, 2017 7:15 am
Forum: Investing - Theory, News & General
Topic: RAFI Multi-Factor Indexes
Replies: 23
Views: 4419

Re: RAFI Multi-Factor Indexes

A Smoother Path to Outperformance with Multi-Factor Smart Beta Investing . Key Points Researchers have identified hundreds of factors that purport to predict equity returns; we find a half dozen that provide an opportunity to outperform the market. To maximize risk-adjusted returns, diversify acros...
by GreatOdinsRaven
Tue Feb 07, 2017 11:31 pm
Forum: Investing - Theory, News & General
Topic: Is a total market fund the most diversified
Replies: 157
Views: 18280

Re: Larry Swedroe

Investing is a tough business made even tougher because of the emotional component.Your contributions here have been way beyond what anyone should expect in my humble opinion and I would imagine the majority feel that way. Hoops777: My memory may be hazy, but I remember inviting Larry to be on our ...
by GreatOdinsRaven
Sat Feb 04, 2017 5:39 pm
Forum: Investing - Theory, News & General
Topic: Is a total market fund the most diversified
Replies: 157
Views: 18280

Re: Is a total market fund the most diversified

pascalwager wrote:
Yes, great tool, to be sure. But it won't convince me. I'll just assume that the software treats the growth exposure as negative compared to positive value exposure, and I can't accept that.
I see.

And with that I'm going to step out of this discussion.

Really enjoyed the points of view.
by GreatOdinsRaven
Sat Feb 04, 2017 4:55 pm
Forum: Investing - Theory, News & General
Topic: Is a total market fund the most diversified
Replies: 157
Views: 18280

Re: Is a total market fund the most diversified

Just a few comments First, for in reality, the fact is that while your small stocks and value stocks provide POSITIVE exposure the large and growth stocks give you NEGATIVE exposure to the same factors. So the NET exposure is zero. That is just fact, it's not opinion. It says nothing about being go...
by GreatOdinsRaven
Sat Feb 04, 2017 3:02 pm
Forum: Investing - Theory, News & General
Topic: Is a total market fund the most diversified
Replies: 157
Views: 18280

Re: Is a total market fund the most diversified

Nobody does or ever had made an argument on this board that value stocks are riskier than growth stocks and therefore earn a risk premium. e opportunity for growth vs. value. Many think this will continue That's exactly the argument I'm making. Value stocks are riskier than growth stocks. That's wh...
by GreatOdinsRaven
Sat Feb 04, 2017 2:03 pm
Forum: Investing - Theory, News & General
Topic: Is a total market fund the most diversified
Replies: 157
Views: 18280

Re: Is a total market fund the most diversified

A more straightforward way to say this is, "If you own only the best stocks, then you need to own fewer of them." Aside from being patently obvious, the real question is the degree to which you are confident Larry knows which will be the best in the future. Larry is highly confident--after all he s...
by GreatOdinsRaven
Sat Feb 04, 2017 1:50 pm
Forum: Investing - Theory, News & General
Topic: Is a total market fund the most diversified
Replies: 157
Views: 18280

Re: Is a total market fund the most diversified

Why would you do that? HML is by definition long/short and (I believe, but I'm not sure) zero market beta. So depends on what you mean by "50% growth". Could be small growth or large growth or midcap growth. Certainly not zero beta, unless you go short. Don't know any long equity portfolio with zer...
by GreatOdinsRaven
Sat Feb 04, 2017 1:47 pm
Forum: Investing - Theory, News & General
Topic: Is a total market fund the most diversified
Replies: 157
Views: 18280

Re: Is a total market fund the most diversified

Look at the M* style box for Vanguard Total Stock Market Index fund . No doubt market cap weighting is simple. Tax efficient. A great tool for an investor. I LOVE it. I own a lot of it. But because it's a market cap weighted index it's obvious that you hold a relatively small percentage of small cap...
by GreatOdinsRaven
Sat Feb 04, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: Is a total market fund the most diversified
Replies: 157
Views: 18280

Re: Is a total market fund the most diversified

Larry, So diversifying means REDUCING risk? You seem to be using it in a totally arbitrary manner. This does theoretically reduce tail risk in the black swan Larry portfolio. Low allocation to SV equities (only) and larger allocation to bonds/bond equivalents. GOR, You reduce tail risk by holding m...
by GreatOdinsRaven
Sat Feb 04, 2017 1:20 pm
Forum: Investing - Theory, News & General
Topic: Is a total market fund the most diversified
Replies: 157
Views: 18280

Re: Is a total market fund the most diversified

That means you can own more safe bonds, diversifying your portfolio further Larry, So diversifying means REDUCING risk? You seem to be using it in a totally arbitrary manner. This does theoretically reduce tail risk in the black swan Larry portfolio. Low allocation to SV equities (only) and larger ...
by GreatOdinsRaven
Sat Feb 04, 2017 1:09 pm
Forum: Investing - Theory, News & General
Topic: Is a total market fund the most diversified
Replies: 157
Views: 18280

Re: Is a total market fund the most diversified

That means you can own more safe bonds, diversifying your portfolio further Larry, So diversifying means REDUCING risk? You seem to be using it in a totally arbitrary manner. This does theoretically reduce tail risk in the black swan Larry portfolio. Low allocation to SV equities (only) and larger ...
by GreatOdinsRaven
Sat Feb 04, 2017 1:06 pm
Forum: Investing - Theory, News & General
Topic: Is a total market fund the most diversified
Replies: 157
Views: 18280

Re: Is a total market fund the most diversified

stlutz wrote: If you own 25% value stocks and 75% growth stocks, then your value loading becomes something like .25.
I do not think this is correct. Wouldn't you have a negative value loading in this scenario?
by GreatOdinsRaven
Sat Feb 04, 2017 12:36 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?
Replies: 29
Views: 3085

Re: Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?

I would be cautious with TDA. There may be reasons for your friends purchase which may be only tangentially to investing. My BIL is an actuary, corporate officer, international insurance company, does not want to sell any VA product of any type because of their unseen consequences. He will sell WL ...
by GreatOdinsRaven
Sat Feb 04, 2017 11:21 am
Forum: Investing - Theory, News & General
Topic: Is a total market fund the most diversified
Replies: 157
Views: 18280

Re: Is a total market fund the most diversified

If one has a portfolio of 50% stocks (TSM) and 50% bonds (TBM), then this person has 50% net exposure to market beta, not zero as your last post asserts. In this 50/50 example the person has chosen to diversify the portfolio with an asset class (in the example Vanguard Total Bond Market Index Fund)...
by GreatOdinsRaven
Sat Feb 04, 2017 10:20 am
Forum: Investing - Theory, News & General
Topic: Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?
Replies: 29
Views: 3085

Re: Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?

Here is an old article by Jonathan Clements on when one might want to use a variable annuity https://www.wsj.com/articles/SB979392353520038995. One reason I remember it was because he is one of the few "good guys" to ever recommend them. plannerman Great (16 years old!) article. I'm a big Clements ...
by GreatOdinsRaven
Sat Feb 04, 2017 10:09 am
Forum: Investing - Theory, News & General
Topic: Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?
Replies: 29
Views: 3085

Re: Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?

To everyone who has posted, thank you. I've found each comment extremely helpful. I'm sure you've all had experiences talking to someone (as I recently did) and you hear about something that you didn't even know existed. (in this case TDA annuity investing, as a potentially viable investment scheme)...
by GreatOdinsRaven
Sat Feb 04, 2017 9:59 am
Forum: Investing - Theory, News & General
Topic: Is a total market fund the most diversified
Replies: 157
Views: 18280

Re: Is a total market fund the most diversified

Just a few comments First, for in reality, the fact is that while your small stocks and value stocks provide POSITIVE exposure the large and growth stocks give you NEGATIVE exposure to the same factors. So the NET exposure is zero. That is just fact, it's not opinion. It says nothing about being go...
by GreatOdinsRaven
Sat Feb 04, 2017 1:27 am
Forum: Investing - Theory, News & General
Topic: Is a total market fund the most diversified
Replies: 157
Views: 18280

Re: Is a total market fund the most diversified

Let's say that the only fund you own is TSM. Your entire factor risk is Beta. To me that's silly. Just plain silly. If I tilt small cap value then, you say I am getting "factor diversification". Yet, if I hold small cap value in TSM, somehow I don't have exposure to small and somehow I don't have e...
by GreatOdinsRaven
Sat Feb 04, 2017 12:18 am
Forum: Investing - Theory, News & General
Topic: Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?
Replies: 29
Views: 3085

Re: Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?

IMO. Yes. but YRetirementNeedsMV :mrgreen: I look at everything. But that's me. We have now have more than enough regardless of Market falls. [see signature line below] I've never spent any time researching annuities. Didn't think they applied to me at this stage of the game. I just googled GLWB ba...
by GreatOdinsRaven
Fri Feb 03, 2017 11:30 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?
Replies: 29
Views: 3085

Re: Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?

You are basically correct, even with tax inefficient assets you might need 25 years or more to break even, and likely tax rates coming down. and that ignores the higher costs typically associated with them. That is based on last time looked at this stuff which was while ago. For more tax efficient ...
by GreatOdinsRaven
Fri Feb 03, 2017 8:51 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?
Replies: 29
Views: 3085

Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?

I recently met a guy who is in the highest Federal marginal tax bracket and who has at least 15 more years of gainful employment on the horizon. He mentioned that he's plowing money into Tax deferred annuities rather than taxable index fund accounts. I was pretty to quick to dismiss the idea as some...
by GreatOdinsRaven
Tue Jan 24, 2017 4:36 pm
Forum: Investing - Theory, News & General
Topic: Upgrade button on Vanguard IRA
Replies: 74
Views: 12423

Re: Upgrade button on Vanguard IRA

I'm going to try to piece this. Something's screwy or we are talking two different things. Doc wrote: There is some confusion here. You can certainly direct deposit into your settlement money market account. We do it all the time. I cannot and Vanguard confirmed to me that I cannot. And, they have ...
by GreatOdinsRaven
Tue Jan 24, 2017 10:26 am
Forum: Investing - Theory, News & General
Topic: Upgrade button on Vanguard IRA
Replies: 74
Views: 12423

Re: Upgrade button on Vanguard IRA

There is some confusion here. You can certainly direct deposit into your settlement money market account. We do it all the time. I cannot and Vanguard confirmed to me that I cannot. And, they have no estimate on when I might be able to do so. No impending plans for "fixing" this issue for me. You c...
by GreatOdinsRaven
Mon Jan 23, 2017 10:08 pm
Forum: Investing - Theory, News & General
Topic: Upgrade button on Vanguard IRA
Replies: 74
Views: 12423

Re: Upgrade button on Vanguard IRA

So eventually there will no more mutual fund accounts? Vanguard will be brokerage only? From what I was told today yes. I heard that 2 years ago also and thought it would have been done by now. So that is the direction they are going and like he said to me it may take years but eventually there wil...
by GreatOdinsRaven
Mon Jan 23, 2017 9:58 pm
Forum: Investing - Theory, News & General
Topic: Upgrade button on Vanguard IRA
Replies: 74
Views: 12423

Re: Upgrade button on Vanguard IRA

It appears that what we are told depends upon what we are told, different reps seem to have different advice. The guy I spoke to didn't say "force" just that eventually they will be "converted". Honestly at this point I don't see what calling would accomplish cuz each rep you talk to may say yes co...
by GreatOdinsRaven
Mon Jan 23, 2017 4:19 pm
Forum: Investing - Theory, News & General
Topic: Upgrade button on Vanguard IRA
Replies: 74
Views: 12423

Re: Upgrade button on Vanguard IRA

When logging in to my Vanguard account, I see a button saying 'Upgrade' for one Rollover IRA account. Anyone else seen this and what is the meaning of it? When I click on it, I get a page that says this: "We'll open a new Vanguard Brokerage Account using the information from your mutual fund accoun...
by GreatOdinsRaven
Thu Jan 19, 2017 1:37 pm
Forum: Personal Investments
Topic: Downgrade to an old-style Vanguard mutual fund account?
Replies: 25
Views: 3721

Re: Downgrade to an old-style Vanguard mutual fund account?

Update for anyone considering opening up a Vanguard brokerage account. I called customer service again today to inquire as to why my faxed (manual) Roth conversion hasn't taken place and they say there's a backlog until at Feb 9th for these conversions because of their website coding problems. Mind ...
by GreatOdinsRaven
Thu Jan 19, 2017 1:47 am
Forum: Personal Investments
Topic: Downgrade to an old-style Vanguard mutual fund account?
Replies: 25
Views: 3721

Re: Downgrade to an old-style Vanguard mutual fund account?

Why would you even care about the ability to do mobile check deposits? :oops: It seems like an extremely unimportant and obscure feature, the lack of which could not be any impediment to doing anything you need to do. I find this question curious. At Bank of America, alone, 17% of all deposits are ...
by GreatOdinsRaven
Thu Jan 19, 2017 1:18 am
Forum: Personal Investments
Topic: Downgrade to an old-style Vanguard mutual fund account?
Replies: 25
Views: 3721

Re: Downgrade to an old-style Vanguard mutual fund account?

I would not upgrade to a brokerage account until you have to and if the bugs aren't worked out by that point I'd consider an in-kind transfer to another custodian if they force your hand. Seriously. When the "upgrade works it's ok, but not great. When it doesn't you'll lose the ability to buy, sell ...
by GreatOdinsRaven
Wed Jan 18, 2017 12:20 am
Forum: Investing - Theory, News & General
Topic: Investing Down Payment
Replies: 6
Views: 1120

Re: Investing Down Payment

One of my favorite Charlie Munger quotes:

“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”
by GreatOdinsRaven
Sat Jan 14, 2017 10:30 pm
Forum: Investing - Theory, News & General
Topic: How Much To Tilt To Small Value?
Replies: 227
Views: 43684

Re: How Much To Tilt To Small Value?

Just use the following script. R will download ETF returns from Yahoo, if available. All you need to do is put the correct ticker in the first line of the script, and manually download Fama/French Global 3 Factors . Save the CSV file in R's working directory, give it a name, such as "Global Factors...
by GreatOdinsRaven
Sat Jan 14, 2017 3:23 pm
Forum: Investing - Theory, News & General
Topic: An annoyance for backdoor Roths with new Vanguard brokerage
Replies: 8
Views: 2513

Re: An annoyance for backdoor Roths with new Vanguard brokerage

Grabiner, Consider yourself lucky that you were even able to complete the Roth conversion. My experience this year: Made my lump contributions to both my and my wife's traditional IRA earlier this month (went lump sum because of a Vanguard initiated problem making DCA contributions last year). My IR...
by GreatOdinsRaven
Sat Jan 14, 2017 2:54 pm
Forum: Investing - Theory, News & General
Topic: How Much To Tilt To Small Value?
Replies: 227
Views: 43684

Re: How Much To Tilt To Small Value?

Have you tried running a regression in R using data from Yahoo? DLS doesn't seem to be a problem: That's a great suggestion that's at the limit of my experience. Normally I just use PV. I do have R and I have played around with it, but my knowledge is neophytic. To run the regression would I have t...
by GreatOdinsRaven
Sat Jan 14, 2017 1:10 pm
Forum: Investing - Theory, News & General
Topic: How Much To Tilt To Small Value?
Replies: 227
Views: 43684

Re: How Much To Tilt To Small Value?

Questions for Larry based on a few posts from earlier on this thread: Hi Larry, A couple of DFA questions on the international side. For taxable accounts, do you still recommend the World Ex US Core fund for starters and then add Int LV and SV to taste? Or do you just use TM LV and ISV for most clie...