Search found 2336 matches

by oneleaf
Thu Mar 01, 2007 2:06 am
Forum: Investing - Theory, News & General
Topic: ETFs have few friends
Replies: 46
Views: 20637

interesting. I was reading another message board, and it seems like a lot of people that are in fee-wrapped brokerage accounts have been convinced that ETF's are not good products. I'm curious what your friend was saying about ETF's being riskier than traditional mutual funds? What was the main argu...
by oneleaf
Wed Feb 28, 2007 5:36 pm
Forum: Investing - Theory, News & General
Topic: Commodities futures versus bonds for reducing portfolio risk
Replies: 139
Views: 64775

Re: Free lunch

Is there a parallel between the "free lunch" in value stocks and the "free lunch" in CCF? One is accepted while the other is not. Could someone please explain? Should we expect both to disappear? gbs As long as people always pay less for rotten companies, there would still exist a value premium. Th...
by oneleaf
Tue Feb 27, 2007 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard REIT vs TIAA-CREF Real Estate.
Replies: 35
Views: 22833

Those that like TIAA Real Estate understand that it should have lower expected returns than REIT's, due to lack of leverage. I, too, wish that I had access to TIAA Real Estate, and would gladly use that instead of REIT's.

BTW, my father owns some and is very happy with it.
by oneleaf
Tue Feb 27, 2007 9:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Markets Its ETFs to Hedge Funds
Replies: 5
Views: 3095

Re: Capital Gains?

For other ETFs (Ishares, State Street) I would agree that this would be good. But for Vanguard, aren't their ETFs just shares of the tradiitional index fund. Doesn't all the trading create capital gains, not wash them out? :roll: No, the trading won't affect shareholders of the index funds. Actuall...
by oneleaf
Tue Feb 27, 2007 3:47 pm
Forum: Investing - Theory, News & General
Topic: Bernstein's Conservatism in "Four Pillars"
Replies: 33
Views: 17746

:o Ironically, today's market is a perfect example of what I mean! If the Sand P is down 5% just today, that would mean a loss of $1,000 on a $20,000 portfolio, but a loss of $100,000 on a $2 million portfolio. Percentages are the same, but psychologically it's hard to swallow a 6 figure loss in a ...
by oneleaf
Tue Feb 27, 2007 2:38 pm
Forum: Forum Issues and Administration
Topic: Should the forum name be changed?
Replies: 20
Views: 9012

After all of the suggestions, i think Petrocelli has the best idea. I definitely vote for Boglehead forum, and believe that we should move away from the "diehard" name. It just is confusing with the other forum.
by oneleaf
Tue Feb 27, 2007 2:14 pm
Forum: Investing - Theory, News & General
Topic: Charles Ellis: Winning The Loser's Game and Inflation
Replies: 12
Views: 5848

Is this a highly recommended book to read? (Ellis's that is) I'm always looking for books to add to my list. Thanks!
by oneleaf
Tue Feb 27, 2007 1:36 pm
Forum: Investing - Theory, News & General
Topic: Bernstein's Conservatism in "Four Pillars"
Replies: 33
Views: 17746

Yep, I definitely agree that the more "ahead" you are (in terms of reaching financial goals), the more it makes sense to be conservative. That is how I feel right now.
by oneleaf
Tue Feb 27, 2007 11:36 am
Forum: Forum Issues and Administration
Topic: Dear Phoenix, Can the number of posts from the original
Replies: 9
Views: 4364

Hi Kathleen, Welcome to the forum! Phoenix can answer for himself, but he was previously bombarded with requests to change titles for people. I would imagine adding postcount would be an administrative nightmare, since not everyone has the same name here, and he'd have to do it manually for each per...
by oneleaf
Mon Feb 26, 2007 5:53 pm
Forum: Forum Issues and Administration
Topic: Future of the Diehards?
Replies: 35
Views: 18339

What do people think about M*'s proposal to take suggestions to improve the forum? On one hand, I think it's great that they are doing it. On the other hand, I am a bit concerned that the improvements will encourage the community to overlook some of the other unique benefits of this site. For instan...
by oneleaf
Mon Feb 26, 2007 4:47 pm
Forum: Investing - Theory, News & General
Topic: The Ninth Wonder of the World (by Larry Swedroe)
Replies: 84
Views: 46246

Larry, thank you very much for the explanation. That certainly makes sense to me.
by oneleaf
Mon Feb 26, 2007 3:32 pm
Forum: Investing - Theory, News & General
Topic: The Ninth Wonder of the World (by Larry Swedroe)
Replies: 84
Views: 46246

Brian, you make a great point. There are many ways to interpret a lower risk premium, and it seems that it is impossible to know the exact answer. And there certainly is no one right way to respond to it. Many people take such consideration in respect to bonds, requiring a certain amount of addition...
by oneleaf
Mon Feb 26, 2007 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Rick Ferri has arrived!
Replies: 29
Views: 15431

Great to see you, Rick! Thanks for joining.
by oneleaf
Mon Feb 26, 2007 1:39 pm
Forum: Investing - Theory, News & General
Topic: The Ninth Wonder of the World (by Larry Swedroe)
Replies: 84
Views: 46246

Yea, it makes sense that if there is even a tiny risk premium available for an asset class, there may be nothing to exploit. That led me to question, however, whether it's fair to look at it that way? Let's say the risk premium for small becomes very tiny, but still exists. If an investor decides to...
by oneleaf
Mon Feb 26, 2007 1:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard International Index Funds Tax Data
Replies: 12
Views: 5207

Again - if you are right and VGTSX shows $100 in box 1A, it sure appears to me that the fuss over "no FTC" at VGTSX doesn't make sense. Hmm, in that example, if VGTSX shows a lower dividend amount in 1A, it seems like it would still make a difference. $100 at 15% tax rate = $15.00 taxes owed $110 a...
by oneleaf
Sun Feb 25, 2007 7:32 pm
Forum: Investing - Theory, News & General
Topic: A question about bond funds: VFICX vs. DODIX
Replies: 3
Views: 2760

Since no one answered this, I'll at least put in my 2 cents for what it's worth. I don't think you can go wrong with either or both. VFICX appears to take slightly more duration risk and may be a little more volatile. DODIX has a little more junk, but their active management seems to have paid off q...
by oneleaf
Sun Feb 25, 2007 6:35 pm
Forum: Investing - Theory, News & General
Topic: VTMSX (TM SCap) - CG distributions to come?
Replies: 29
Views: 11822

Thanks for this thread, interesting information. I am invested in VTMSX and VTMGX (tax-managed small cap and international, respectively). Overall, I am inclined to stick with them, since I don't want to open a discount brokerage account elsewhere just to buy ETF's. The low fees and convenience stil...
by oneleaf
Sun Feb 25, 2007 2:56 pm
Forum: Investing - Theory, News & General
Topic: HSA Accounts
Replies: 24
Views: 9814

Re: lower cost option?

I haven't used them, but Shawnee looks like an interesting possibility. They are rolling out an investment option with 17 (!) different funds from DFA. Their expenses also seem unusually low. http://www.shawneehsa.com Very interesting! DFA access for $3/month? Thanks for the heads up. - Al I came v...
by oneleaf
Sun Feb 25, 2007 4:02 am
Forum: Investing - Help with Personal Investments
Topic: Father should have delayed SS - possible to change now?
Replies: 2
Views: 2258

Oicuryy wrote:Yes, he can suspend his benefit payments. See the third bullet in this SS Bulletin.
www.ssa.gov/legislation/legis_bulletin_040700.html

Ron
interesting. Thank you very much!
by oneleaf
Sat Feb 24, 2007 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Father should have delayed SS - possible to change now?
Replies: 2
Views: 2258

Father should have delayed SS - possible to change now?

After looking at some numbers, it looks like my father would have benefited from delaying social security (he started at his full retirement age).

Does anyone know whether it's possible to suspend taking social security for a couple of years? Or once you decide, is it pretty much too late to change?
by oneleaf
Sat Feb 24, 2007 9:41 pm
Forum: Wiki and Reference Library
Topic: Asset Allocation
Replies: 12
Views: 52136

The Cordon Bleu School of Portfolio Design by Paula H. Hogan, CFP, CFA
by oneleaf
Sat Feb 24, 2007 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: Question about how bond funds work.
Replies: 9
Views: 4750

There are some bond funds that accumulates interest and distribute with a drop in NAV. Dodge and Cox Income (DODIX) is an example. But you are correct that Vanguard does not do this, and that it works like a money market or savings account (prorating it for partial months). I don't know why, but sin...
by oneleaf
Sat Feb 24, 2007 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: All VG funds or just....
Replies: 11
Views: 4908

Yep, I agree that this discussion forum is far more interesting when all investment choices are discussed candidly, not only Vanguard funds.
by oneleaf
Sat Feb 24, 2007 5:04 pm
Forum: Investing - Theory, News & General
Topic: Do you have good reasons for owning active funds?
Replies: 42
Views: 22443

Re: Do you have good reasons for owning active funds?

1. You may think your belief that there can be no such exceptions is coming from your "rational brain", but in many cases I think this belief is also grounded in the "emotional brain". For example, if we believe there are no such exceptions, then this gives us an easy way to feel superior and "smar...
by oneleaf
Sat Feb 24, 2007 3:04 am
Forum: Forum Issues and Administration
Topic: Confusion Over Duplicate or Similar Member Names?
Replies: 9
Views: 4342

Re: Confusion Over Duplicate or Similar Member Names?

Nitsuj wrote: That brings up an interesting question. Asking someone to stop using their name, assuming the real name was Taylor.
How about a friendly request to a new "Taylor" to add something to the name to distinguish? I think it's a reasonable request.
by oneleaf
Sat Feb 24, 2007 3:01 am
Forum: Investing - Theory, News & General
Topic: S&P 600 or Wilshire 4500 to supplement S&P 500?
Replies: 7
Views: 4610

Re: S&P 600 or Wilshire 4500 to supplement S&P 500?

I do not have TSM available to me. I hold an S&P 500 index fund and seek advice to best supplement with mid and/or small caps. I would appreciate ideas about whether an S&P 600 index fund or Wilshire 4500 index fund would best supplement my S&P 500 index fund? Thank you Wilshire 4500 would be the s...
by oneleaf
Sat Feb 24, 2007 12:55 am
Forum: Investing - Theory, News & General
Topic: STORY: "Taxpayers Not Seeking Phone Tax Refund"
Replies: 11
Views: 5182

I would probably be one that legitimately was not allowed to take the credit. I have had strictly local service, and use phonecards for long-distance service. I would imagine that means I can't take the credit?
by oneleaf
Fri Feb 23, 2007 6:20 pm
Forum: Forum Issues and Administration
Topic: Should the forum name be changed?
Replies: 20
Views: 9012

How about Vanguard Admirals forum? edit: the more I think about it, the more I don't think there will be legal issues. For instance, a Pink Floyd forum can be called all sorts of names copied from their album names or song lyrics or even the "Pink Floyd forum". So I wouldn't see any problems using "...
by oneleaf
Fri Feb 23, 2007 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA
Replies: 3
Views: 2227

Re: Rollover IRA

I moved an old 401(k) balance to a Rollover IRA, and then converted the Rollover IRA to a Roth IRA during 2006. As such, I owed taxes on the Roth conversion for tax year 2006. I have another very small balance that I recently moved into a Rollover IRA. Can I convert this amount to a Roth IRA for 20...
by oneleaf
Fri Feb 23, 2007 3:51 pm
Forum: Investing - Theory, News & General
Topic: Importance of value tilt in foreign funds?
Replies: 8
Views: 4377

Re: Importance of value tilt in foreign funds?

Is value tilting as important in foreign funds as in domestic funds. What are recommended ratios of EAFE to foreign value? I believe it is the same as with domestic. Larry Swedroe mentioned Italy as being one of the few countries where the value premium did not exist, available in this thread , alt...
by oneleaf
Fri Feb 23, 2007 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Account - Intl Index Funds or TSM
Replies: 20
Views: 10274

simba wrote:
mmg wrote:- FTSE All World Ex USA Index Fund seems to have purchase fee .25% + higher expense ratio.
where did you read that there's is a purchase fee of 0.25%?
Preliminary Prospectus has some info.
by oneleaf
Fri Feb 23, 2007 2:13 pm
Forum: Forum Issues and Administration
Topic: Forum Sigs
Replies: 7
Views: 3812

zhiwiller wrote:I've always liked them because, like avatars (which no one has complained about), it adds some personality to folks' posts.
I think avatars is plenty of personality per poster. If this site grows as we all hope it does, we don't need this place overflowing with personality :D
by oneleaf
Fri Feb 23, 2007 1:54 pm
Forum: Investing - Theory, News & General
Topic: Do you have good reasons for owning active funds?
Replies: 42
Views: 22443

Not sure how this thread could be seen as insulting to proponents of active funds as the poster owns them. At any rate I do not think that was the intent. Frankly I am in the same boat. I own some active funds despite the fact that I do not think there is ample evidence that it is a good idea. Ther...
by oneleaf
Fri Feb 23, 2007 1:36 pm
Forum: Investing - Theory, News & General
Topic: Do you have good reasons for owning active funds?
Replies: 42
Views: 22443

oneleaf, Did you have any good reasons for starting this thread other than a desire to make condescending insinuations regarding proponents of active management and stir up yet another active versus passive debate? I cannot see one. Regards, Dr. Jim Sorry you see it that way. If it even comes close...
by oneleaf
Fri Feb 23, 2007 1:33 pm
Forum: Investing - Theory, News & General
Topic: Do you have good reasons for owning active funds?
Replies: 42
Views: 22443

Perhaps you like the strategy or objective of the fund which happens to be different than the traditional market cap based index fund. Actually, this is a good point, and curious to get more perspective on this. In a thread awhile ago, I remember a poster asking Larry Swedroe what he thinks of Thir...
by oneleaf
Fri Feb 23, 2007 12:59 pm
Forum: Forum Issues and Administration
Topic: Forum Sigs
Replies: 7
Views: 3812

I agree with Phoenix. I personally would like to see other people's signatures. But the existence of excessively long ones, or ones with banners, always end up making me opt out of viewing all signatures. Are there easy ways to restrict signatures such that: - graphics are not allowed - font size is...
by oneleaf
Fri Feb 23, 2007 12:54 pm
Forum: Investing - Theory, News & General
Topic: Do you have good reasons for owning active funds?
Replies: 42
Views: 22443

Do you have good reasons for owning active funds?

This is a re-post: To the active fund proponents: this post is not meant to be condescending. It's true that I cannot think of any good reasons to own active funds. However, I still own some, and there is still a part of me that believes there is something to be gained by owning a few active funds. ...
by oneleaf
Fri Feb 23, 2007 12:24 pm
Forum: Investing - Theory, News & General
Topic: The Ninth Wonder of the World (by Larry Swedroe)
Replies: 84
Views: 46246

Re: Rebalance?

It would seem to me that if you rebalance, then you are expecting RTM to benefit you. I'm not sure how one can argue that you should rebalance, but that you can't profit from RTM. Rebalancing can also be viewed solely as a risk management strategy, keeping your assets spread around. But I agree tha...
by oneleaf
Fri Feb 23, 2007 12:21 pm
Forum: Wiki and Reference Library
Topic: Suggestions for the Librarians
Replies: 255
Views: 189828

I also like AshKK's suggestion.

I think Asset LOCATION would be a good topic. Perhaps the post could start off with Taylor's basic guideline for tax location (with his permission), followed by a few articles that explains it in more detail? I would think this would be good for newbies.

Thanks!
by oneleaf
Fri Feb 23, 2007 11:43 am
Forum: Investing - Theory, News & General
Topic: S&P Launches National Home Price Index
Replies: 20
Views: 8554

I am reading the 2nd edition of Shiller's "Irrational Exuberance" and he has some inflation-adjusted values of home prices. The upward spike of the past decade and a half is certainly scary. One of his conclusions is that prices should not rise more than inflation. Even "hot cities" should only have...
by oneleaf
Fri Feb 23, 2007 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Microcap options
Replies: 9
Views: 4005

I don't know if one can come to the conclusion that Bridgeway is dishonest about its objectives. I think it's perfectly possible that tax management is the main culprit in its huge tracking error. I would imagine that BRSIX needs a very longterm position to really benefit from its tax management. In...
by oneleaf
Fri Feb 23, 2007 11:20 am
Forum: Forum Issues and Administration
Topic: Should the forum name be changed?
Replies: 20
Views: 9012

I agree we should change it, mostly to more easily distinguish the two forums, if they both continue to exist.
by oneleaf
Thu Feb 22, 2007 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: All VG funds or just....
Replies: 11
Views: 4908

Lots of discussion on non-Vanguard funds and ETF's are also discussed.
by oneleaf
Thu Feb 22, 2007 9:51 pm
Forum: Investing - Theory, News & General
Topic: The Ninth Wonder of the World (by Larry Swedroe)
Replies: 84
Views: 46246

Dr. J, You raise some interesting points. Something that I have always thought about it is whether patience and a strong stomach is all it takes to profit from inefficiencies. For instance, if valuations can give you reasonable estimates of longterm expected returns (a major assumption, I know), obv...
by oneleaf
Thu Feb 22, 2007 9:39 pm
Forum: Investing - Theory, News & General
Topic: The Ninth Wonder of the World (by Larry Swedroe)
Replies: 84
Views: 46246

Al, thank you very much for the articles. I just read through them. The first one seems to suggest that it is survivorship bias that makes RTM so apparent (i.e. spend time in the ward, and you'll see that sick people tend to get well; spend time in the morgue, and you'll come to a different conclusi...
by oneleaf
Thu Feb 22, 2007 7:25 pm
Forum: Investing - Theory, News & General
Topic: The Ninth Wonder of the World (by Larry Swedroe)
Replies: 84
Views: 46246

Thank you very much for the paper. Always enjoy Swedroe's writings.

Has anyone read any papers or books that offered a good explanation of "reversion to the mean"? I still haven't quite figured out whether confidence in RTM is rational or not.
by oneleaf
Thu Feb 22, 2007 7:23 pm
Forum: Investing - Theory, News & General
Topic: Market Downturn Could Force Some ETFs To Liquidate
Replies: 13
Views: 4993

Actually, I think that this is the smallest risk in the list providing the index that the ETF tracks is well-established from the outset. Also, in the case of something like ETFs that track S&P500, R1k, MSCI, W5k, etc., if one of those ETFs were to die it's possible that one of the remaining ETFs m...
by oneleaf
Thu Feb 22, 2007 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: 50 in 3 Days!
Replies: 10
Views: 4673

Phoenix has done a great job... thanks for everything!

I have also been surprised at how active this forum has been, and I really hope it continues! It's a great forum, and there are already many ideas from the participants on how to make it even better.
by oneleaf
Thu Feb 22, 2007 5:55 pm
Forum: Investing - Theory, News & General
Topic: HSA Accounts
Replies: 24
Views: 9814

Re: I use hsabank.com

Anyone see major flaws in my logic? - Al Sounds good to me! If my balance was at that level, i would do the same. Since my total is still under $4K, it turns out that American Chartered, with their 5.11% CD, with no signup or annual fees ends up being the best choice. I'll simply count that as part...
by oneleaf
Thu Feb 22, 2007 5:11 pm
Forum: Investing - Theory, News & General
Topic: HSA Accounts
Replies: 24
Views: 9814

Re: I use hsabank.com

This is my third year with an HSA which I have with HSABank. The only fee I've ever paid was $20 to open the account and now with a $15k investment, I get 4.75% in a FDIC insured money account but also have the option of a low cost Ameritrade account where one could invest in Vanguard ETFs without ...