Search found 551 matches

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: 43805

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...
by GreatOdinsRaven
Sun Jan 08, 2017 6:42 am
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 54709

Re: "Why 97% of People Don't Use 529 College Savings Plans."

This resurrected thread made me look at my Vanguard 529 plans. My current ROI is 45%; it's not bad at all. Hmmm....2007 to present my XIRR for my eldest is 5.34% per year. Might be 45% cumulative though. 2008 was pretty rough. That's comparable to both of our Vanguard 529 Nevada plan returns since ...
by GreatOdinsRaven
Sat Jan 07, 2017 1:54 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 54709

Re: "Why 97% of People Don't Use 529 College Savings Plans."

But a Roth IRA is a pretty decent way to save for college expenses. Why wouldn't one do that before putting money in a 529 plan? That was my original plan. But I found out I made too much money to contribute to a Roth. Now if I were smarter and harder working I might be able to find a backdoor way ...
by GreatOdinsRaven
Tue Jan 03, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 165
Views: 20010

Re: Max It Out Tomorrow

That time of year again. If you have already maxed out your 2016 IRA, Max Out 2017 Tomorrow, If able. "Time,Not Timing" :mrgreen: I wouldn't suggest investing all in a single day. Would look to spread it around over several weeks or months. I'm understand the sentiment. But this has a 30% chance of...
by GreatOdinsRaven
Tue Jan 03, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 165
Views: 20010

Re: Max It Out Tomorrow

Can someone explain this to me? The market is fairly "high" right now....why would dumping $5500 into it today be better than breaking it up into 12-monthly installments for example? (which I have to do, no choice) Just curious. Thanks. JD2775, Check this out: https://advisors.vanguard.com/VGApp/ii...
by GreatOdinsRaven
Tue Jan 03, 2017 1:31 pm
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 10567

Re: Are Younger people funding 529 Plans?

If you're already a high earner or will be soon (as at least one post implies) a 529 is a viable option once you have max'd out 401(k)/403(b) and IRA contributions and addressed short term savings needs/debt. The children of high earners are not going to qualify for significant need-based aid. So fo...
by GreatOdinsRaven
Sun Jan 01, 2017 9:08 pm
Forum: Investing - Theory, News & General
Topic: Diversifying SCV with MTUM: yea or nay?
Replies: 29
Views: 3481

Re: Diversifying SCV with MTUM: yea or nay?

I do. Sure there are probably better ways to do it. This seemed good enough to me.
by GreatOdinsRaven
Fri Dec 23, 2016 3:27 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's New Book is Available Now!
Replies: 164
Views: 26530

Re: Larry Swedroe's New Book is Available Now!

Daffy And the print version with the corrections now all made is also again available, hope you enjoy Larry Hi Larry, A lot of us purchased early print copies when they came out. I've tried to follow the threads and update any misprints in my copy. I've only seen two mentioned: 1. Table 3.1 should ...
by GreatOdinsRaven
Fri Dec 23, 2016 12:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Sector Bond Funds - Lowered Costs
Replies: 21
Views: 2741

Re: Vanguard Sector Bond Funds - Lowered Costs

I don't hard-code it into my spreadsheet, though apparently jhfenton does. I use the following code in my sheet for ETFs (A1 is a cell containing the Ticker): =INDEX(SPLIT(INDEX(importHTML(CONCATENATE("http://etfs.morningstar.com/quote-banner?&t=", A1), "table", 1),1,13), " "), 1, 2)*100 Mutual fun...
by GreatOdinsRaven
Fri Dec 23, 2016 1:51 am
Forum: Investing - Theory, News & General
Topic: Vanguard Sector Bond Funds - Lowered Costs
Replies: 21
Views: 2741

Re: Vanguard Sector Bond Funds - Lowered Costs

All expense ratios are now 0.07% . Of course, this is backward-looking; it is possible that lower costs are ahead of us. I saw the press release this morning, checked my spreadsheet, and saw that I had already changed my ERs for VSIGX (Int Govt) and VSCSX (Short Corp) some weeks ago. That inspired ...
by GreatOdinsRaven
Thu Dec 22, 2016 11:57 am
Forum: Investing - Theory, News & General
Topic: ??? about Larry's book - Beta for value & growth
Replies: 2
Views: 527

Re: ??? about Larry's book - Beta for value & growth

davidkw wrote: David | | From Jack Brennan's "Straight Talk on Investing", page 23 "Living below your means is the ultimate financial strategy"
Great signature line. So true.
by GreatOdinsRaven
Wed Dec 21, 2016 11:48 pm
Forum: Investing - Theory, News & General
Topic: Are Bond ETFs okay to use?
Replies: 6
Views: 965

Re: Are Bond ETFs okay to use?

Bill Bernstein goes as far as saying he doesn't recommend bond ETFs because in times of liquidity crisis they may trade below net asset value (Rational Expectations). Mutual funds, however, would still continue to trade at 4p NAV. If you never plan on selling and rebalancing during a liquidity crunc...
by GreatOdinsRaven
Sun Dec 18, 2016 3:34 pm
Forum: Investing - Theory, News & General
Topic: 100% Stocks, Huh? May I Suggest You Read This Thread
Replies: 55
Views: 9195

Re: 100% Stocks, Huh? May I Suggest You Read This Thread

You need to add one more 100% US total stock market. That one crushes the other three. No joke. https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=2&startYear=1982&endYear=2016&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage...
by GreatOdinsRaven
Sat Dec 17, 2016 6:25 pm
Forum: Investing - Theory, News & General
Topic: Stable Value Funds in Portfolio
Replies: 45
Views: 8414

Re: Stable Value Funds in Portfolio

Stable Value funds are typically bonds with an insurance wrapper, and act like cash with a near 3% return (in my plan). I'm actually blown away that you're getting "near 3% returns" with your stable value fund. We recently solicited offers for stable value funds for our DC plan and they best we cou...
by GreatOdinsRaven
Thu Dec 15, 2016 11:03 pm
Forum: Investing - Theory, News & General
Topic: I thought Swedroe was a fan of REITs?
Replies: 127
Views: 12815

Re: I thought Swedroe was a fan of REITs?

Short answer is that one should look at spending needs and marginal utility of wealth, also look at ability, willingness and need to take risks, use estimates of returns as i have discussed, run various allocations and spending through MCS to determine estimated odds of success and then choose AA a...
by GreatOdinsRaven
Sun Dec 11, 2016 10:07 am
Forum: Investing - Theory, News & General
Topic: Why is the turnover of Vanguard Total World Stock Market Index fund so high?
Replies: 9
Views: 2334

Re: Why is the turnover of Vanguard Total World Stock Market Index fund so high?

Actually, the turnover now is a good thing, assuming the gift was not enormous or the child has no other income. Turnover creates taxable capital gains. The child likely will not reach the threshold where she will have to pay capital gains taxes for some time. The reinvested dividends will automati...
by GreatOdinsRaven
Sat Dec 10, 2016 11:05 pm
Forum: Investing - Theory, News & General
Topic: Why is the turnover of Vanguard Total World Stock Market Index fund so high?
Replies: 9
Views: 2334

Why is the turnover of Vanguard Total World Stock Market Index fund so high?

I recently gifted Vanguard Total World Stock Market Index Fund (VT) ETF shares to a child thinking it would be a simple way to give her a nice globally diversified gift that she can ignore for 20-60 years. I didn't want her to have to think about rebalancing etc (as a very young child...). I didn't ...
by GreatOdinsRaven
Sat Dec 10, 2016 10:45 pm
Forum: Investing - Theory, News & General
Topic: VT expense ratio dropped?
Replies: 22
Views: 3829

Re: VT expense ratio dropped?

# of stocks in VTI = 3630 # of stocks in VXUS = 6129 # of stocks in VT = 7627 What are the 2132 missing stocks from VT? Even better question: Why is the turnover of a total world stock index fund 14.8% when VTI is 3.5% and VXUS is 3.1%? *feeling a little dumb that I invested in this fund*. Thought ...
by GreatOdinsRaven
Sat Dec 10, 2016 12:24 pm
Forum: Investing - Theory, News & General
Topic: VT expense ratio dropped?
Replies: 22
Views: 3829

Re: VT expense ratio dropped?

"So why do VT owners actually pay 14 bps (that's even more than the most expensive component, TISM...)? Doesn't make sense to me. Does anyone have a reasonable explanation?" 1. Simplicity. 2. Automatic real time rebalancing between USA, non-USA developed, and EM equities. 3. Never worrying about th...
by GreatOdinsRaven
Sat Dec 10, 2016 12:21 pm
Forum: Investing - Theory, News & General
Topic: VT expense ratio dropped?
Replies: 22
Views: 3829

Re: VT expense ratio dropped?

"So why do VT owners actually pay 14 bps (that's even more than the most expensive component, TISM...)? Doesn't make sense to me. Does anyone have a reasonable explanation?" 1. Simplicity. 2. Automatic real time rebalancing between USA, non-USA developed, and EM equities. 3. Never worrying about th...
by GreatOdinsRaven
Fri Dec 09, 2016 11:44 pm
Forum: Investing - Theory, News & General
Topic: VT expense ratio dropped?
Replies: 22
Views: 3829

Re: VT expense ratio dropped?

Recently, I bought VT (ER 14 bps) as a gift to a minor. Simple product. Diversified. Self rebalancing. Buy and literally forget about it for 20-60+ years. However, its current ER (even for the ETF) is larger than the weighted ER of buying TSM (VTI 5bps) and TISM (VXUS 13 bps). Currently ~52.6% of th...
by GreatOdinsRaven
Sun Dec 04, 2016 7:47 pm
Forum: Investing - Theory, News & General
Topic: P2P Lending Dead
Replies: 54
Views: 9863

Re: P2P Lending Dead

larryswedroe wrote:Hope this is helpful

Very much so. Thank you.
by GreatOdinsRaven
Sun Dec 04, 2016 6:47 pm
Forum: Investing - Theory, News & General
Topic: P2P Lending Dead
Replies: 54
Views: 9863

Re: P2P Lending Dead

Packer Without going through all the math, you have average YIELD of about 14% on the portfolio of PRIME loans, less the servicing fee. So let's call it 13%. Take off 4% for expected losses that's about 9%. Then 2% for management fees and get about 7%. Then add bit back due to the benefit of the sm...
by GreatOdinsRaven
Sun Dec 04, 2016 11:41 am
Forum: Investing - Theory, News & General
Topic: Nice short Vanguard videos on factor based investing
Replies: 31
Views: 4360

Re: Nice short Vanguard videos on factor based investing

I'd like to raise an important point: "Low cost" does not necessarily mean "passive investing", nor does it imply "index fund". Vanguard's low overhead and use of index funds have historically been the best way to maximize your total return. Going forward, are there other ways to maximize your retu...
by GreatOdinsRaven
Sun Dec 04, 2016 1:13 am
Forum: Investing - Theory, News & General
Topic: Nice short Vanguard videos on factor based investing
Replies: 31
Views: 4360

Re: Nice short Vanguard videos on factor based investing

At Bogleheads 2016 John Ameriks, PhD Principal and Head of Quantitative Equity at Vanguard https://institutional.vanguard.com/VGApp/iip/site/institutional/researchcommentary/expert/JohnAmeriks told us that Vanguard is working on releasing factor based funds for the US. He went out of his way several...
by GreatOdinsRaven
Fri Dec 02, 2016 3:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs Less Tax Efficient Than Other ETFs?
Replies: 37
Views: 5308

Re: Vanguard ETFs Less Tax Efficient Than Other ETFs?

Lack_ey, Good point at SPY. I assumed incorrectly the person was saying it applied to both State Street and Blackrock. As for the potential capital gains exposures of IVV and VOO- Is the difference meaningful? Quite honestly if no one ever sold I'd be happy to plug along buying Vanguard ETFs. But if...
by GreatOdinsRaven
Fri Dec 02, 2016 2:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs Less Tax Efficient Than Other ETFs?
Replies: 37
Views: 5308

Re: Vanguard ETFs Less Tax Efficient Than Other ETFs?

I don't believe Vanguard ETFs are a hybrid, their ETFs are a class of the underlying fund. And Vanguard has a patent on this structure, so others can't use it. Marketing departments at other companies could reasonably be expected to detail any perceived flaws in the Vanguard structure. Whether Vang...
by GreatOdinsRaven
Fri Dec 02, 2016 2:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs Less Tax Efficient Than Other ETFs?
Replies: 37
Views: 5308

Re: Vanguard ETFs Less Tax Efficient Than Other ETFs?

Also, taxes are not the only consideration. For example, iShares SPDRs are the largest S&P 500 ETF. However, SPDRs are actually structured as a Unit Investment Trust. UITs are not allowed to reinvest dividends, so there is a cash drag between the time the company pays dividends and the time the ETF...
by GreatOdinsRaven
Fri Dec 02, 2016 1:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs Less Tax Efficient Than Other ETFs?
Replies: 37
Views: 5308

Re: Vanguard ETFs Less Tax Efficient Than Other ETFs?

I don't believe Vanguard ETFs are a hybrid, their ETFs are a class of the underlying fund. And Vanguard has a patent on this structure, so others can't use it. Marketing departments at other companies could reasonably be expected to detail any perceived flaws in the Vanguard structure. Others can l...
by GreatOdinsRaven
Fri Dec 02, 2016 1:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs Less Tax Efficient Than Other ETFs?
Replies: 37
Views: 5308

Re: Vanguard ETFs Less Tax Efficient Than Other ETFs?

Recently I was comparing DFA and Vanguard mutual funds with Vanguard and iShares ETFs using Morningstar's tax tool page and I came to a similar conclusion. I do think that unless Vanguard dramatically shifts new purchases and redemptions to the ETF share classes owners will face potentially high cap...
by GreatOdinsRaven
Sun Nov 27, 2016 11:38 am
Forum: Investing - Theory, News & General
Topic: Anybody regretting holding on to your REITS?
Replies: 97
Views: 17397

Re: Anybody regretting holding on to your REITS?

As far as over-weighting REITs is concerned, the folks at Vanguard and Rick Ferri have argued that, unlike most other market sectors, the vast majority of commercial real estate is held privately, and therefor it is under-represented in the broad publicly available market. A separate allocation to ...
by GreatOdinsRaven
Thu Nov 24, 2016 8:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has momentum and value factor ETFs. Really.
Replies: 8
Views: 4931

Re: Vanguard has momentum and value factor ETFs. Really.

I'll be particularly interested in their after tax performance. No space in retirement accounts? I am not lucky enough to have that problem. :D Momentum is pretty tax-inefficient, because of turnover. I've been very blessed in life and I am very cognizant of it. I try to live life as if my fortune ...
by GreatOdinsRaven
Thu Nov 24, 2016 7:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has momentum and value factor ETFs. Really.
Replies: 8
Views: 4931

Re: Vanguard has momentum and value factor ETFs. Really.

At Bogleheads this year their head of the quantitative equity group, John Ameriks, spoke about their active factor based funds- basically said some are in the works for the US market. Sounds like they're going to be like these European and Canadian options. Very interesting that they're not, yet, av...
by GreatOdinsRaven
Wed Nov 23, 2016 6:32 pm
Forum: Investing - Theory, News & General
Topic: How often do you hit your rebalancing bands?
Replies: 31
Views: 4400

Re: How often do you hit your rebalancing bands?

I hit a REIT band earlier this summer. First time I've hit a 5/25 rebalancing band in a while. I'm paraphrasing but Bill Bernstein said one would probably only rebalance on average every two to three years (that's a very liberal paraphrase of what I recall reading). It's been about that long since I...
by GreatOdinsRaven
Sun Nov 20, 2016 10:58 pm
Forum: Personal Investments
Topic: I market timed & learned. Any Advice?
Replies: 52
Views: 8190

Re: I market timed & learned. Any Advice?

If you are in your 30's this money should be sitting there for at least 20 years. This mistake will be a blip. I disagree. OP, I'm not going to coddle you. I do not want to lambaste you either. You should do a honest self assessment of the situation though. This will help you stay the course the ne...
by GreatOdinsRaven
Sun Nov 20, 2016 10:45 pm
Forum: Personal Investments
Topic: Is it foolish to substitute a more aggressive fund in place of Vanguard Total Stock Market Index in a 3-fund portfolio?
Replies: 31
Views: 6524

Re: Is it foolish to substitute a more aggressive fund in place of Vanguard Total Stock Market Index in a 3-fund portfol

[Thanks for clarifying, my point to the OP was "it is beneficial to use factor investing", but you have to be able to stick with it for a long period of time. Many folks think about tilting, they execute a plan but then when results fail to show up on a timely enough basis for them (like next month...
by GreatOdinsRaven
Sun Nov 20, 2016 10:18 pm
Forum: Personal Investments
Topic: Is it foolish to substitute a more aggressive fund in place of Vanguard Total Stock Market Index in a 3-fund portfolio?
Replies: 31
Views: 6524

Re: Is it foolish to substitute a more aggressive fund in place of Vanguard Total Stock Market Index in a 3-fund portfol

Thanks very much, Taylor! I'm convinced that the total stock market is the way to go. I'm curious to hear your opinion regarding tilted funds. Do you think that they could ever be beneficial under certain circumstances? Read Larry Swedroe's book on Factor Investing, then you be the judge. It's bene...
by GreatOdinsRaven
Sun Nov 20, 2016 3:25 pm
Forum: Personal Investments
Topic: Is it foolish to substitute a more aggressive fund in place of Vanguard Total Stock Market Index in a 3-fund portfolio?
Replies: 31
Views: 6524

Re: Is it foolish to substitute a more aggressive fund in place of Vanguard Total Stock Market Index in a 3-fund portfol

Sure- many here choose to tilt toward small cap/small cap value. I wouldn't substitute your TSM fund with a SC fund though. Why not build a small cap position over time with new contributions in your 401K, Roth or Taxable account? A key error that new investors make is to performance chase--picking...
by GreatOdinsRaven
Sun Nov 20, 2016 2:03 pm
Forum: Personal Investments
Topic: Is it foolish to substitute a more aggressive fund in place of Vanguard Total Stock Market Index in a 3-fund portfolio?
Replies: 31
Views: 6524

Re: Is it foolish to substitute a more aggressive fund in place of Vanguard Total Stock Market Index in a 3-fund portfol

Sure- many here choose to tilt toward small cap/small cap value. I wouldn't substitute your TSM fund with a SC fund though. Why not build a small cap position over time with new contributions in your 401K, Roth or Taxable account? A key error that new investors make is to performance chase--picking...
by GreatOdinsRaven
Sun Nov 20, 2016 11:31 am
Forum: Personal Investments
Topic: Is it foolish to substitute a more aggressive fund in place of Vanguard Total Stock Market Index in a 3-fund portfolio?
Replies: 31
Views: 6524

Re: Is it foolish to substitute a more aggressive fund in place of Vanguard Total Stock Market Index in a 3-fund portfol

Sure- many here choose to tilt toward small cap/small cap value. I wouldn't substitute your TSM fund with a SC fund though. Why not build a small cap position over time with new contributions in your 401K, Roth or Taxable account? A key error that new investors make is to performance chase--picking...
by GreatOdinsRaven
Wed Nov 16, 2016 12:10 am
Forum: Investing - Theory, News & General
Topic: Cap Weighted vs Equally Weighted Index
Replies: 27
Views: 6459

Re: Cap Weighted vs Equally Weighted Index

Ok this is probably a dumb question for the pro investors but being a newbie I wanted to know why is the total stock market return measured by a cap weighted index and not an equally weighted index? The SP500 is cap weighted so naturally larger companies represent a higher percentage of the index. ...
by GreatOdinsRaven
Sun Nov 06, 2016 10:02 pm
Forum: Personal Investments
Topic: A taxable account at Vanguard is called a "Brokerage" account, right?
Replies: 6
Views: 2152

Re: A taxable account at Vanguard is called a "Brokerage" account, right?

We have a taxable Vanguard Mutual Fund account that only holds Vanguard mutual funds (it's a joint taxable account). I use direct deposit to prime MMF. We also have a joint Vanguard brokerage account, because we had to open it to buy Blackrock iShares ETFs. It holds Vanguard Mutual funds, Vanguard E...
by GreatOdinsRaven
Thu Nov 03, 2016 10:51 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz M* article on impending mutual fund cap gains distributions
Replies: 2
Views: 1354

Re: Christine Benz M* article on impending mutual fund cap gains distributions

1. Do the embedded unrealized gains in Vanguard mutual funds get completely or nearly completely offset by the buying and selling of same fund ETF share classes through creation units? Yes. 2. Do ETF holders of Vanguard funds "suffer" because there are mutual fund share class holders in the same fu...
by GreatOdinsRaven
Thu Nov 03, 2016 10:44 am
Forum: Investing - Theory, News & General
Topic: Christine Benz M* article on impending mutual fund cap gains distributions
Replies: 2
Views: 1354

Christine Benz M* article on impending mutual fund cap gains distributions

Another great article from Christine Benz outlining a few examples of impending mutual fund capital gains distributions. Notably, Vanguard has not released this info to the best of my knowledge. Here's a link to her article: http://beta.morningstar.com/articles/778475/a-rundown-of-impending-mutual-f...
by GreatOdinsRaven
Tue Oct 25, 2016 10:57 am
Forum: Investing - Theory, News & General
Topic: Dr. Bill Bernstein Books
Replies: 45
Views: 6745

Re: Dr. Bill Bernstein Books

Bill,
When's your next one coming out? Nudge, nudge!
GOR
by GreatOdinsRaven
Tue Oct 25, 2016 6:36 am
Forum: Investing - Theory, News & General
Topic: Dr. Bill Bernstein Books
Replies: 45
Views: 6745

Re: Dr. Bill Bernstein Books

If You Can is great for a new investor/particularly a young investor with time on her/his side/your child if you have one. I have a copy for mine. After you've read the Four Pillars and Investor's Manifesto (I definitely agree with WCI about recommending it) if you want a more in depth look check ou...