Search found 969 matches

by czeckers
Thu Jan 03, 2008 3:55 pm
Forum: Investing - Theory, News & General
Topic: 10 landmark [easy read] short articles
Replies: 8
Views: 4255

Great post, very useful articles. Is there a way to save or mark threads on this forum?

-K
by czeckers
Tue Jan 01, 2008 8:34 pm
Forum: Investing - Theory, News & General
Topic: 2008 BOGLEHEAD CONTEST REGISTRATION
Replies: 317
Views: 77660

1352
by czeckers
Tue Jan 01, 2008 5:13 pm
Forum: Investing - Theory, News & General
Topic: [poll] your 2007 rate of return
Replies: 76
Views: 19396

My 403b has had about $600 on average since my poor student days when I worked for two years as a lab tech in 1998-2000. I remember being absolutely overwhelmed by the fund selections which included Vanguard, TIAA-CREF, T. Rowe Price, and Fidelity. Though I didn't know anything about investing, I re...
by czeckers
Sat Dec 29, 2007 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: AMT BILL SIGNED BY PRES
Replies: 17
Views: 3384

I must admit that I have a very difficult wrapping my head around the AMT. I understand its history, but how does one figure out whether or not one will be subject to it in the first place? Clearly its not just a function of income.

-K
by czeckers
Thu Dec 27, 2007 12:11 pm
Forum: Investing - Theory, News & General
Topic: 4% safe withdrawal rule: does it work for other countries?
Replies: 61
Views: 16547

This is a good discussion, thanks! The question of whether or not having a surplus is an interesting one. On one hand, LH is correct in that having more than expected obviously is not a bad thing in the sense that it either allows one to reduce the portfolio risk to maintain the same SWR or to incre...
by czeckers
Sun Dec 23, 2007 10:40 pm
Forum: Investing - Theory, News & General
Topic: Best financial decision in 2007?
Replies: 43
Views: 10354

Thanks! The biggest variable affecting my savings rate going forward(barring personal/family tragedy) will be how many more children we have. The 529 contributions represent a substantial sum as it is.

-K
by czeckers
Sun Dec 23, 2007 8:59 pm
Forum: Investing - Theory, News & General
Topic: Best financial decision in 2007?
Replies: 43
Views: 10354

Finally able to pay off credit cards and start saving aggressively. Beardstown portfolio growth near infinity at this point (happens if you start near zero). Able to put away 40% of my gross income, not counting company match... definitely proud of that.

-K
by czeckers
Wed Dec 19, 2007 10:02 pm
Forum: Investing - Theory, News & General
Topic: How many S&D international?
Replies: 16
Views: 2779

I struggled with the same question for a bit, because there are 2 ways to look at it. One can slice by region (i.e. europe, pacific, EM) or by style (i.e. large v. small, blend v. value). The key I think is trying to find slices with the least amount of correlation. As such, regardless of how you go...
by czeckers
Fri Nov 30, 2007 10:46 am
Forum: Investing - Theory, News & General
Topic: Large Growth
Replies: 30
Views: 5874

I think we will naturally see more talk about whatever asset is outperforming at the time. In recent times it has been small and value tilting, REITs, and EM. In the future... who knows. In the relatively short time I've been following this forum, I've noticed two main diehard phylosophies here: 1) ...
by czeckers
Mon Nov 26, 2007 3:41 pm
Forum: Investing - Theory, News & General
Topic: Value Averaging - Profiting from Overreaction
Replies: 5
Views: 1780

I read the same passage in the newer book (don't remember which data set was used), but the conclusion was the same as you mentioned. Quarterly was best, but monthly wasn't too much behind. Given the caveats that go with making future projections based on past data, and the relatively small differen...
by czeckers
Mon Nov 12, 2007 7:43 am
Forum: Personal Finance (Not Investing)
Topic: "Value" Cities:Most Affordable Places to Live Well
Replies: 29
Views: 6536

Daisy Dog...

I always suspected I would like Colorado. Now if only I could convince all of my family to move.

-K
by czeckers
Mon Nov 12, 2007 7:23 am
Forum: Personal Finance (Not Investing)
Topic: I'm Writing a Story About the Bogleheads
Replies: 18
Views: 5094

That is a GREAT poster! Would love to have that hanging up.

-K
by czeckers
Mon Nov 12, 2007 7:12 am
Forum: Personal Finance (Not Investing)
Topic: The Munch Fund
Replies: 18
Views: 4909

I second LH's comments. It takes courage to make such predictions ex-ante, and demonstrates that MM is taking it seriously. Whether he is successful or not... time will tell, certainly the odds are against him. I'm curious as to what benchmark we would use to compare against. TSM? Good luck MM. -K P...
by czeckers
Mon Nov 12, 2007 6:52 am
Forum: Personal Finance (Not Investing)
Topic: "Value" Cities:Most Affordable Places to Live Well
Replies: 29
Views: 6536

I just left Pittsburgh for family reasons after having lived there for 9 years. I think of it a lot like value investing. It got beat up pretty bad in the late 80's-early 90's with most of the steel mills closing down. However it has since seen an amazing transformation with a lot of tech firms bein...
by czeckers
Sat Nov 10, 2007 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Larry: Question for you, related to the idea...
Replies: 13
Views: 3365

Thank you Larry. I and I'm sure a lot of other members on this forum truly appreciate your willingness to educate.
by czeckers
Fri Nov 09, 2007 2:38 pm
Forum: Investing - Theory, News & General
Topic: An idea for visualizing the impact of rebalancing
Replies: 12
Views: 2367

One problem with EF calculations is that they are backward looking and are very dependent on the time period looked at. An investor calculating the EF today based on data going back to 1929 will get very different results than someone doing the same calculation in 1998, or 1970, etc. It tells you wh...
by czeckers
Fri Nov 09, 2007 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Larry: Question for you, related to the idea...
Replies: 13
Views: 3365

I have followed your many posts regarding this strategy and I think it is finally beginning to sink in. Your % split between ST/TIPS is based on real yields. When Vanguard reports its yield on their TIPS bond fund (VIPSX), currently at 1.94%, does that represent real yield or nominal yield? They off...
by czeckers
Sun Nov 04, 2007 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice regarding will
Replies: 22
Views: 5438

Since we are looking to have someone manage the assets on behalf of the children and their caretakers, it seems that we are in fact looking to establish a trust... unless there are other options.

I see that Vanguard does offer trust management services. Does anyone have experience with them?

-K
by czeckers
Sun Nov 04, 2007 6:57 am
Forum: Investing - Help with Personal Investments
Topic: Need advice regarding will
Replies: 22
Views: 5438

Thank you so much for all your helpful replies. One common thread is that an estate planning attorney is required. If for no other reason, I'm glad I posted this link as I would have just gone to a general attorney. As far as having substantial assets... well not quite yet. I'm still negative becaus...
by czeckers
Fri Nov 02, 2007 10:55 am
Forum: Investing - Theory, News & General
Topic: Foreclosures double in 3d quarter
Replies: 11
Views: 2002

ElJay... there is generally a time lag between listing prices and actual market prices in a market with decreasing values. Homeowners hoping to sell at their 200% increased assessed values have to suffer through the house sitting on the market for a while before reducing prices to the new market lev...
by czeckers
Fri Nov 02, 2007 10:22 am
Forum: Investing - Theory, News & General
Topic: Risk premium going forward
Replies: 3
Views: 889

Risk premium going forward

I'm trying to make some rough calculations regarding expected future returns, and have come to realize that there is a wide variety of opinions on the expected risk premioum of stocks over bonds. On one hand is the historical spread of about 5% (if memory serves correctly). On the other hand, there ...
by czeckers
Tue Oct 30, 2007 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Results
Replies: 46
Views: 12945

I casually compare my portfolio to the various lazy portfolios whenever Scott Burns posts an update. That's about it... and it's primarily for entertainment value. The problem with benchamarking is that if you have an all index fund portfolio, your portfolio is its own benchmark for your particular ...
by czeckers
Fri Oct 26, 2007 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice regarding will
Replies: 22
Views: 5438

Thanks for the replies... I see I have much to learn in this area. How does one find a trustee to manage the trust. I've been with VG for 10+ years now, is that something they could provide?

-CZ
by czeckers
Thu Oct 25, 2007 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice regarding will
Replies: 22
Views: 5438

Need advice regarding will

We are in the early stages or drafting a will, and are wondering about the kinds of provisions that could be used to look after our children in the event that both my wife and I die. We currently have 4 young children. My in-laws have agreed to raise them if something were to happen to us. In the ev...
by czeckers
Thu Oct 25, 2007 3:14 pm
Forum: Investing - Theory, News & General
Topic: VALUE
Replies: 13
Views: 2398

Growth may have beat value, but my globally diversified portfolio with a strong small and value tilt has still done very well. Diversification does its thing and makes it easier to stay the course IMO> Thanks for the post SH.
by czeckers
Sat Oct 20, 2007 10:47 pm
Forum: Investing - Theory, News & General
Topic: Looking for Simba's backtest spreadsheet
Replies: 3
Views: 959

Thank you very much for the quick replies.

-K
by czeckers
Sat Oct 20, 2007 4:33 pm
Forum: Investing - Theory, News & General
Topic: Looking for Simba's backtest spreadsheet
Replies: 3
Views: 959

Looking for Simba's backtest spreadsheet

Several months ago someone posted a link to Simba's latest backtest spreadsheet, which alas I am now unable to locate. Can anyone please direct me in the right direction?

-K
by czeckers
Thu Oct 11, 2007 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone planning to split their large cap index holdings?
Replies: 0
Views: 661

Anyone planning to split their large cap index holdings?

If I understand correctly, VG will be rolling out a new mega-cap index based on the MSCI 300 index. This will effectively allow one to split the existing MSCI 750-based large-cap index into the mega-cap 300 + mid-cap 450 -- if one so desired, without any overlap. For the splitters here, one can also...
by czeckers
Thu Oct 11, 2007 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic rebalancing at Vanguard?
Replies: 1
Views: 1059

Automatic rebalancing at Vanguard?

I was performing my routine rebalancing of my 403b at Vanguard when I noticed on the right side a button that said "rebalance." It didn't hit me until after I left the page, but when I came back it was gone. Is there some way to have VG automatically rebalance your account to a pre-determined AA at ...
by czeckers
Thu Oct 11, 2007 10:27 am
Forum: Investing - Theory, News & General
Topic: Recent Papers: Vanguard IC&R
Replies: 4
Views: 1199

Thanks for the articles. I found the first one to be of particular interest as it shed some light on a question which has been nagging me for a while now: TSM vs. tax-managed growth for taxable.

-K
by czeckers
Tue Oct 02, 2007 3:37 pm
Forum: Investing - Theory, News & General
Topic: Weak dollar and international investing
Replies: 5
Views: 1519

Thanks for the insighful response. My monthly investments are still considerably large relative to portfolio size so I am still buying into all asset classes every month. I know that once the portfolio grows a bit more, I will only be buying into the relative underperfomers. Just getting antsy. That...
by czeckers
Mon Oct 01, 2007 11:27 pm
Forum: Investing - Theory, News & General
Topic: Weak dollar and international investing
Replies: 5
Views: 1519

Weak dollar and international investing

Given the weak dollar, seems it would make sense to put new money only into domestic funds, especially given recent international overperformance and increased valuations.

Thoughts?

-K
by czeckers
Thu Sep 27, 2007 10:49 pm
Forum: Investing - Theory, News & General
Topic: Larry, Taylor et al Total portfolio return?
Replies: 15
Views: 3288

Vanguard will calculate 1,3, and 5 yr rates or return for my accounts.
by czeckers
Thu Sep 27, 2007 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: where are the dogs
Replies: 19
Views: 3654

I often see folks here quoting average historical values for things like P/E ratios. Where would be a good place to find such data along the lines of this conversation?

-K
by czeckers
Tue Sep 25, 2007 1:57 pm
Forum: Investing - Theory, News & General
Topic: Why is everyone showing up with an aggressive AA?
Replies: 130
Views: 33625

I'm 34 and have just begun my earning/saving phase in life. I'm 90% equities right now and generally agree it's worthwhile to take the risk while my portfolio value is dwarfed by my annual salary. But... I can't help wonder if all this talk about stocks always outperforming bonds, especially in ligh...
by czeckers
Fri Sep 21, 2007 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Reinvesting dividends... automatic or not?
Replies: 4
Views: 1371

Gekko... the question is not whether or not to reinvest dividends. It's a question if there is advantage in using them to rebalance the portfolio by buying funds that have been underperforming and are thus more "cheap".
by czeckers
Fri Sep 21, 2007 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Reinvesting dividends... automatic or not?
Replies: 4
Views: 1371

Reinvesting dividends... automatic or not?

A quick question that came up... if you reinvest your dividends automatically, the dividends generated by each fund are obviously reinvested in that fund. That means that dividends generated by overpriced funds (REITS at p/e 50 earlier this year for example) are still re-invested in those funds. If ...
by czeckers
Sun Sep 16, 2007 4:57 pm
Forum: Investing - Theory, News & General
Topic: Shifting bond maturities (NOT TIPS)
Replies: 11
Views: 2109

Want to become a Bond Fund Manager at home? lol, no, not really. I'm just trying to better understand the performance of this asset class under various conditions. I've read, and I think understand the arguments for, and risks/benefits of holding a percentage of your portfolio in bonds. Larry's arg...
by czeckers
Sat Sep 15, 2007 3:15 pm
Forum: Investing - Theory, News & General
Topic: Shifting bond maturities (NOT TIPS)
Replies: 11
Views: 2109

Thank you for all your input. Bonds are definitely a bit harder for me to wrap my brain around, and TIPs certainly are a different kind of animal altogether. On the topic of nominal bonds, David Swenson's approach with the combination short and long-term bonds funds mixed to give an average duration...
by czeckers
Fri Sep 14, 2007 8:32 pm
Forum: Investing - Theory, News & General
Topic: Shifting bond maturities (NOT TIPS)
Replies: 11
Views: 2109

I'm not really looking to shift things around regularly. More interested in recognizing the extremes of market performance. For example, if long-term bond yields reach or exceed long-term average return on stocks, then it seems a no-brainer to load up on long bonds. However, if I just set my portfol...
by czeckers
Fri Sep 14, 2007 2:01 pm
Forum: Investing - Theory, News & General
Topic: Shifting bond maturities (NOT TIPS)
Replies: 11
Views: 2109

Shifting bond maturities (NOT TIPS)

I've been following the various discussions regarding Larry Swedroe's shifting allocation between TIPS and 2-yr treasuries, and am wondering to what extent this concept relates to other portions of the bond market (namely Treasuries since no call risk if I understand this correctly). If interest rat...
by czeckers
Fri Sep 14, 2007 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: does it make sense to pay off house as my bond allocation
Replies: 53
Views: 16012

A very good discussion indeed. I think there may be another way to look at this. If you go with Larry's premise that: A mortgage, like any debt, is a negative fixed income exposure. ...and you are planning on including your mortgage/home equity into your AA as part of your global portfolio, then the...
by czeckers
Thu Sep 13, 2007 8:59 pm
Forum: Investing - Theory, News & General
Topic: Richard Ferri - Mixing International MSCI Indexes
Replies: 10
Views: 3161

I'm not sure what you mean by this statement... don't you mean a lot LESS small cap exposure? "Compared to equal parts of Europe, Pacific, and EM indeces (VEURX, VPACX, VEIEX), you will get a lot more small cap exposure. I meant that by using Int'l value and an Int'l small cap fund with EM, you wil...
by czeckers
Thu Sep 13, 2007 10:04 am
Forum: Investing - Theory, News & General
Topic: Richard Ferri - Mixing International MSCI Indexes
Replies: 10
Views: 3161

Eagle, I've struggled with the same issue as well. After playing with the M* x-ray, the best solution for a 30% allocation that I've come up with for myself was (using all Vanguard): 5% Int'l Value (VTRIX) 5% Pacific Index (VPACX) 10% Internat'l Explorer (VINEX) 10% EM (VEIEX) 23 20 17 11 10 7 4 5 2...
by czeckers
Thu Sep 13, 2007 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard FTSE or Total international SM for taxable account?
Replies: 20
Views: 6016

There's not much difference between the two intl. funds, except in the way they're taxed, which essentially means that Total Intl. is suited for tax deferred accounts, and the FTSE all-world is good for taxable. I've been following this and similar threads because I have the same question... which ...
by czeckers
Sun Sep 09, 2007 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in CCF's
Replies: 14
Views: 3140

Thanks for the link... I've been looking for a tidy comparison of the options for some time now.

-K
by czeckers
Wed Sep 05, 2007 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Multiple 529 Plans?
Replies: 14
Views: 2830

Out of curiosity...

1) If one opens a Nevada 529 plan at Vanguard, will the account balance count toward Flagship status?

2) If one has money in the same fund (i.e. TSM) in both a 403b and a 529, would they count together toward admiral shares, or is the 100K minimum on per-account basis?

-K
by czeckers
Wed Sep 05, 2007 7:41 am
Forum: Investing - Theory, News & General
Topic: Total Bond Market Index versus Intermediate-term Bond Index
Replies: 21
Views: 5563

I rembered reading a while back that the good Dr. Bernstein had something to say on the topic. Searching through the Efficient Frontier yielded this LINK . Speaking of good quotes, this is one from the linked article and is one of the best I've seen in a while: I'll make this one short and sweet. Bo...
by czeckers
Wed Sep 05, 2007 7:11 am
Forum: Investing - Theory, News & General
Topic: Whats so great about 1 million dollars?
Replies: 105
Views: 31370

a 35 year old married man with 6 young kids and a high maintenance wife living in San Francisco, CA who wants to "keep up with the Joneses" needs a lot more money hmmmm, don't know that many high-maintenance types that would have 6 kids :lol: In reply to the original post, it comes down to this. 1M...
by czeckers
Mon Sep 03, 2007 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Wal-Mart really makes me mad sometimes
Replies: 55
Views: 15968

In my field, Medicaid pays the least, followed closely by Medicare. The private payers in my area pay roughly 30-50% more than Medicare. However, since my group is contracted to provide services within a hospital, we don't have the option of choosing our patients. As mentioned before though, Medicar...