Search found 723 matches

by RaleighStClaire
Mon Aug 23, 2010 11:56 am
Forum: Investing - Theory, News & General
Topic: Midcap not good?
Replies: 7
Views: 1729

I'm not sure if we've seen factor loads (thus, expected returns) for mid-cap blend indexes posted here. However, I would guess that it's roughly the same as VTSMX. In other words, a full dose of Beta, relatively neutral size exposure and negligible value exposure. Anybody know? Here's some MCV: htt...
by RaleighStClaire
Mon Aug 23, 2010 10:18 am
Forum: Investing - Theory, News & General
Topic: Forego bonds to pay down student debt?
Replies: 16
Views: 1839

Any way you can consolidate those 8% loans with a lower rate? At 5-6% we could have a reasonable debate on what to do but at 8% I think it's clearly one-sided: pay it down.
by RaleighStClaire
Mon Aug 23, 2010 8:53 am
Forum: Investing - Theory, News & General
Topic: chasing the value premium
Replies: 16
Views: 3059

Re: Schwab vs. Vanguard

Observations: The domestic Schwab RAFI funds outperform the Vanguard funds. On the other hand, Vanguard international funds outperform the Schwab RAFI funds. The Schwab funds have much higher turnover than the Vanguard funds. The fact that some expenses have been waived for the Schwab funds may be ...
by RaleighStClaire
Mon Aug 23, 2010 8:38 am
Forum: Investing - Theory, News & General
Topic: How Much Small-Value Tilt should I add?
Replies: 128
Views: 23552

Sigh...logging on late Sunday night for a quick scan of threads, and this particular thread makes me miss this place a lot. Have been consumed with various projects and health issues the past few weeks (everything fine now healthwise), and haven't been able to participate. I hope to be back in acti...
by RaleighStClaire
Mon Aug 23, 2010 8:29 am
Forum: Investing - Theory, News & General
Topic: Small-Cap & Risk of correlated bankruptcies
Replies: 2
Views: 684

Re: Small-Cap & Risk of correlated bankruptcies

Valuethinker wrote:Larry S points out small cap value, international, is more diversifying than anything else. But you really need access to DFA to acccess that-- the ETFs out there are not totally adequate.


If one doesn't have DFA access, what do you suggest? Do you like RAFI?
by RaleighStClaire
Thu Aug 19, 2010 9:43 am
Forum: Investing - Theory, News & General
Topic: How Much Small-Value Tilt should I add?
Replies: 128
Views: 23552

Re: A dubious endeavor

Multifactor Advisor writes. looking at returns since 1930, we see that the correlations between size, value, and the market factor... blah blah blah Comparing returns on US value stocks vs other stocks back to 1930 is a dubious endeavor at best. While we have excellent stock market data going back ...
by RaleighStClaire
Wed Aug 18, 2010 11:41 am
Forum: Investing - Theory, News & General
Topic: How Much Small-Value Tilt should I add?
Replies: 128
Views: 23552

Well said, Rod.
by RaleighStClaire
Wed Aug 18, 2010 10:23 am
Forum: Investing - Theory, News & General
Topic: How Much Small-Value Tilt should I add?
Replies: 128
Views: 23552

DaveS wrote:I think the people who tilted did about the same as those who did not.


This is most certainly incorrect. It's not always going to be the case, but over the last 10 years those that tilted to small and value definitely won the battle over TSMers.
by RaleighStClaire
Wed Aug 18, 2010 9:30 am
Forum: Investing - Theory, News & General
Topic: How Much Small-Value Tilt should I add?
Replies: 128
Views: 23552

For reference, a 50/50 VTI/VBR split yields this Morningstar stylebox:

Code: Select all

12 12 12
09 10 05
20 15 05


And 100% DFVEX:

Code: Select all

12 09 04
14 11 07
16 15 13
by RaleighStClaire
Wed Aug 18, 2010 9:27 am
Forum: Investing - Theory, News & General
Topic: How Much Small-Value Tilt should I add?
Replies: 128
Views: 23552

Half of your equities should be in small cap value. Please read the works of Fama & French, Bernstein, Ferri, Swedroe, Merriman, Armstrong, et al. although the latter probably base their opinions on Fama & French. Your int'l equities also should be split half large cap and half small-cap va...
by RaleighStClaire
Wed Aug 18, 2010 9:22 am
Forum: Investing - Theory, News & General
Topic: How Much Small-Value Tilt should I add?
Replies: 128
Views: 23552

^I meant to say that half of your equities should be in small cap value funds if the other half is total stock market index funds. There is no pure small cap value fund. Every SCV fund that I am aware of has significant percentages of non-SCV. Thus, I think 50% in SCV funds is just fine. That's wha...
by RaleighStClaire
Tue Aug 17, 2010 1:20 pm
Forum: Investing - Theory, News & General
Topic: Barrons article of DFA EM
Replies: 17
Views: 3453

No mention in the article how one needs an advisor to gain access to DFA funds. Oh well. Still a really good article -- I even learned a fair amount!
by RaleighStClaire
Tue Aug 17, 2010 9:12 am
Forum: Investing - Theory, News & General
Topic: DFA Funds For "Free" — which are good?
Replies: 22
Views: 4877

If I still had DFA access, I would definitely buy some more international small value and emerging value . They have some great valuey foreign funds that are tougher to replicate with other funds than their domestic funds (which are great too). I'm jealous of your free DFA access! Those are the fun...
by RaleighStClaire
Sat Aug 14, 2010 9:56 am
Forum: Investing - Theory, News & General
Topic: Japan: Pension Survivorship Bias
Replies: 7
Views: 1665

stratton wrote:I wonder how much this will effect Japanese life expectancy?

Paul


Yeah, I wonder if this has been a hoax all along and their actual life expectancy is in the 60s!
by RaleighStClaire
Fri Aug 13, 2010 5:55 pm
Forum: Investing - Theory, News & General
Topic: A spot check on food prices vs the CPI, 1979 to now.
Replies: 16
Views: 2461

$2.50 for a gallon of millk today? Where I am that buys half a gallon. That's a lot of regional variation, probably having to do with transport cost. If you lived near the source of food, agricultural innovation probably reduced food cost in real terms. If not, then embedded fuel cost may end up do...
by RaleighStClaire
Fri Aug 13, 2010 5:51 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri's Portfolio
Replies: 197
Views: 72307

15.8 vs 16.0 is irrelevant noise. 8.3% returns vs 9.1% is not just noise and that's his point. AMV, Rick may have large gains in the funds he holds and maybe that's why his portfolio is structured the way that it is. Just trying to rationalize it but overall I agree completely with your analysis on ...
by RaleighStClaire
Tue Aug 10, 2010 12:56 pm
Forum: Investing - Theory, News & General
Topic: A Smart Phone ETF
Replies: 13
Views: 1781

What % would Google make up??? Sure, they canned their phone but their operating system is the most popular among all smart phones now. I have suspicions it's going to end up as essentially a global technology fund with most of the usual companies in it. If they actually weight it by cell phone bus...
by RaleighStClaire
Tue Aug 10, 2010 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: The Munchkin Man Portfolio
Replies: 72
Views: 20995

I don't like your convoluted investing style Munchkin Man. I like your posts but not your overly complicated portfolio -- way too much redundancy going on. There is way too much cash in those actively managed funds that you are paying an arm and a leg for. By the time I'm 60 I imagine my portfolio w...
by RaleighStClaire
Tue Aug 10, 2010 10:44 am
Forum: Investing - Theory, News & General
Topic: A Smart Phone ETF
Replies: 13
Views: 1781

What % would Google make up??? Sure, they canned their phone but their operating system is the most popular among all smart phones now.
by RaleighStClaire
Tue Aug 10, 2010 8:10 am
Forum: Investing - Theory, News & General
Topic: A Smart Phone ETF
Replies: 13
Views: 1781

Luckily no one will invest in this terrible idea and the ETF will close within a few years of opening. The fact that people could actually think this is a good idea is mind-boggling. It's like the producers of Pluto Nash giving the go-ahead to start filming.
by RaleighStClaire
Tue Aug 10, 2010 8:06 am
Forum: Investing - Theory, News & General
Topic: ETF Price $1,000,000 100 ???
Replies: 8
Views: 1286

ZOMG I just bought 500 shares at $1,000,000!!! At least I can afford it.... oh well. Better use limit orders next time.
by RaleighStClaire
Tue Aug 10, 2010 8:03 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri's Portfolio
Replies: 197
Views: 72307

Pacific wrote:Now, if we can only get The Munchkin Man to reveal his portfolio . . .


:thumbsup
by RaleighStClaire
Mon Aug 09, 2010 11:02 am
Forum: Investing - Theory, News & General
Topic: Market Breadth
Replies: 4
Views: 679

I don't understand how a statement like "When declines outnumber advances by a large amount, the market is bearish even if it closed higher" could be the sort of simple statement of fact that could be a legitimate examination question. In fact I can't even see how you could translate that...
by RaleighStClaire
Mon Aug 09, 2010 10:12 am
Forum: Investing - Theory, News & General
Topic: Market Breadth
Replies: 4
Views: 679

Re: Market Breadth

I'm studying for my Series 7 and the book says "When declines outnumber advances by a large amount, the market is bearish even if it closed higher". I don't understand how the market could close higher if the down volume exceeds up volume. Can anyone explain? Thank you. Consider a simple ...
by RaleighStClaire
Fri Aug 06, 2010 8:16 am
Forum: Personal Finance (Not Investing)
Topic: 6 Money Habits That Are Illegal
Replies: 45
Views: 7642

Tsk, tsk, nisiprius. Adobe knows you were really going to try to print your own currency. Good thing they stopped you -- counterfeiting is illegal, don't you know? I read that on de internets.
by RaleighStClaire
Thu Aug 05, 2010 8:44 am
Forum: Investing - Theory, News & General
Topic: Schwab planning new bond ETFs
Replies: 34
Views: 5586

I am not a fan of all these Schwab ETFs starting with SCH. Couldn't they have picked a better naming comvention? S _ _ _ for instance. STIP,SSTT,SITT >>> SCHP,SCHO,SCHR SCH(A-Z) is going to make it really hard for people to remember. Anyways, good for Schwab for coming out with these and undercuttin...
by RaleighStClaire
Wed Aug 04, 2010 8:41 pm
Forum: Investing - Theory, News & General
Topic: Russell Broadens Push Into ETFs
Replies: 61
Views: 11078

stratton wrote:
Les wrote:For 2004-2009 Vanguard International Explorer VINEX returned about 9.3%. Of course, it's actively managed and is a mid to small blend international. Just thought it should be mentioned.

VINEX also contains EM stock and the others don't

Paul


And it's small-growth whereas the others aren't.
by RaleighStClaire
Wed Aug 04, 2010 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: 6 Money Habits That Are Illegal
Replies: 45
Views: 7642

... but this is one bad money habit I'm going to quit pronto. Color printers, scanners and copiers make it surprisingly easy for just about anyone to replicate U.S. or foreign currency. But it is, in fact, illegal to print your own money and try to spend it to buy goods or services. Haha this crack...
by RaleighStClaire
Wed Aug 04, 2010 12:30 pm
Forum: Personal Consumer Issues
Topic: Does VG Short term treasuries add much diversity?
Replies: 9
Views: 1415

a) Why is this in C & R?
b) Bogleheads do not have a consensus on fixed income
c) What are you really trying to ask? What should your fixed income allocation be?
by RaleighStClaire
Wed Aug 04, 2010 12:02 pm
Forum: Personal Consumer Issues
Topic: What's your extravagance?
Replies: 98
Views: 12413

<3 The Munchkin Man. Always puts a smile on my face whenever I read his posts.
by RaleighStClaire
Wed Aug 04, 2010 11:53 am
Forum: Investing - Theory, News & General
Topic: Buy stock in Amazon dot Com
Replies: 60
Views: 5812

tc101 wrote:I sold my amazon stock this morning for a big profit of over $12.


I enjoyed the discussion about Amazon and I like that you stated your reasons for buying it ahead of time and the fact that you disclosed selling it as well.

What stock is next??? :twisted:
by RaleighStClaire
Wed Aug 04, 2010 11:45 am
Forum: Investing - Theory, News & General
Topic: IWC MicrocapIndx ER increase/how many micros does it hold
Replies: 10
Views: 2449

Re: IWC MicrocapIndx ER increase/how many micros does it hol

According to the iShares web site, IWC has 1364 holdings. Does anyone know how many of these holdings are actually microcaps, as opposed to members of the Russell 1000? I would like to know whether this ETF actually gives shareholders any meaningful exposure to microcaps. Also, according to the iSh...
by RaleighStClaire
Tue Aug 03, 2010 12:23 pm
Forum: Investing - Theory, News & General
Topic: Buy stock in Amazon dot Com
Replies: 60
Views: 5812

Maybe it's a good idea to buy stock in companies you hate. Seems like win/win!

brb buying Vonage stock.
by RaleighStClaire
Tue Aug 03, 2010 12:20 pm
Forum: Investing - Theory, News & General
Topic: Buy stock in Amazon dot Com
Replies: 60
Views: 5812

You bought some today? I've always thought that adage about buying a company you use and like was rather silly. It bases nothing on the operations of the company. Amazon may be a great place we all use but perhaps that's already built into the price. Perhaps they have a bunch of baboons running the ...
by RaleighStClaire
Mon Aug 02, 2010 10:24 am
Forum: Investing - Theory, News & General
Topic: TIPS fund with ca. 20 year average maturity?
Replies: 10
Views: 2148

How many TIPS are there in the 20-year space? Aren't there just a few issues total? Why not just buy individual TIPS?
by RaleighStClaire
Tue Jul 27, 2010 10:23 am
Forum: Investing - Theory, News & General
Topic: Poll: What equity allocation strategy do you use?
Replies: 73
Views: 11587

Intending no disrespect, how about LSD = Larry Swedroe's Diced portfolio I am not familiar with this, where can I find this described or discussed? No time to find it now, but essentially he's posted before about his personal portfolio being heavily in AAA munis and the rest in US SCV, Intl SCV and...
by RaleighStClaire
Tue Jul 27, 2010 10:20 am
Forum: Personal Finance (Not Investing)
Topic: M.B.A. or masters in finance
Replies: 30
Views: 4060

Best bet - try to get an entry level job in a wealth management firm, even if it is a small company. Focus on the type of investment management you like - ie, value shop vs. growth shop, endowment shop vs. individual shop, etc. I second this. For now, though, I would pursue going down the CFA path ...
by RaleighStClaire
Mon Jul 26, 2010 2:56 pm
Forum: Investing - Theory, News & General
Topic: I passed CFA (Chartered Financial Analyst) Level 1!
Replies: 5
Views: 2082

Congrats on passing! Unlike ddb I actually studied a fair amount a couple years ago for level 1 and still failed. "Top 10% of all failing candidates" -- uh, thanks. Not sure when or if I will retake it but it's a mean exam for those who don't know. Good work and enjoy your break before stu...
by RaleighStClaire
Thu Jul 22, 2010 2:20 pm
Forum: Investing - Theory, News & General
Topic: Target Funds
Replies: 4
Views: 1524

Many here use them, but many slice and dice themselves to lower costs, improve tax efficiency across accounts, and to create the exact portfolio they wish to have.

I believe that for the vast majority of investors would be way better off with TR funds than whatever they are currently using.
by RaleighStClaire
Thu Jul 22, 2010 2:10 pm
Forum: Investing - Theory, News & General
Topic: When to change your AA in the accumulation phase
Replies: 14
Views: 2141

At only 5% to retirement, I have a long ways to go, but envision that when I am about 50% to retirement I will begin to add fixed income to my portfolio with all new money. Maybe even turn div reinvestment off and shift dividends to fixed income as well. Who knows, it's a long ways away ;)
by RaleighStClaire
Thu Jul 22, 2010 1:37 pm
Forum: Investing - Theory, News & General
Topic: Shorting leveraged ETFs as a supplement to rebalancing?
Replies: 14
Views: 1951

Not sure why you would want to rebalance every day even if you could with this strategy. It's been shown from past returns that momentum is very real and more frequent rebalancing can hurt a portfolio more than it helps.
by RaleighStClaire
Thu Jul 22, 2010 7:51 am
Forum: Investing - Theory, News & General
Topic: A different approach to asset allocation
Replies: 1435
Views: 577106

I always look forward to updates from MT. Keep at it, homeskillet.
by RaleighStClaire
Wed Jul 21, 2010 1:47 pm
Forum: Investing - Theory, News & General
Topic: Poll: What equity allocation strategy do you use?
Replies: 73
Views: 11587

I wonder how much of the the small value premium, assuming it will exist going forward (a separate debate), gets taken away by taxes vs total stock market approach. The rationale being that value stocks have a greater dividend component to their return which will be taxed every year losing an eleme...
by RaleighStClaire
Wed Jul 21, 2010 9:37 am
Forum: Investing - Theory, News & General
Topic: Poll: At what rate would you borrow to invest in the market?
Replies: 51
Views: 6675

Either we've become much more risk averse in the last couple years... This would be my guess -- recency bias Agreed. I'm seeing that behavioral explanation over and over again in another thread. Clearly people are mentally making a distinction between having a loan and investing, and borrowing to i...
by RaleighStClaire
Wed Jul 21, 2010 8:06 am
Forum: Investing - Theory, News & General
Topic: Poll: What equity allocation strategy do you use?
Replies: 73
Views: 11587

james22 wrote:I'm an advocate too. "Swedroe-like"?


I originally was thinking Swedroesque because that's where I, and I assume many on this forum, first encountered that kind of portfolio. However, it's not a very catchy name.... Maybe someone more creative can come up with a good one.
by RaleighStClaire
Tue Jul 20, 2010 2:17 pm
Forum: Personal Consumer Issues
Topic: Fuel-efficient autos: Diesel vs. Hybrid?
Replies: 58
Views: 6213

Perhaps off-topic but this thread reminded me of a question I once pondered: Why are there no diesel hybrids?

I'm sure it has something to do with the engineering of the diesel engine but I'd like to know a good reason why they don't exist.
by RaleighStClaire
Tue Jul 20, 2010 1:22 pm
Forum: Investing - Theory, News & General
Topic: Poll: What equity allocation strategy do you use?
Replies: 73
Views: 11587

40% DFA US SV 25% DFA Intl SV 10% DFA EM Value 10% TSP G Fund 5% MLP (AMJ) 5% DFA Intl REIT 5% CCF (PCRIX) I hope I have enough SV exposure in my portfolio I like it and I'm very jealous. I used to have DFA access but don't anymore. Luckily I still have my DISVX. I'm a big advocate of the X% SV, Y%...
by RaleighStClaire
Tue Jul 20, 2010 9:37 am
Forum: Investing - Theory, News & General
Topic: Poll: What equity allocation strategy do you use?
Replies: 73
Views: 11587

Rodc wrote:07.5% Emerging LV


Is that RAFI or DFA?
by RaleighStClaire
Tue Jul 20, 2010 7:58 am
Forum: Investing - Theory, News & General
Topic: Poll: What equity allocation strategy do you use?
Replies: 73
Views: 11587

100% ProShares Ultra Russell 2000 Growth
by RaleighStClaire
Sun Jul 18, 2010 7:24 am
Forum: Investing - Help with Personal Investments
Topic: Why I love Treasuries but dislike the Total Bond Index!
Replies: 137
Views: 22562

Why is the bar graph drawn in such a way to show how similar the 10 year numbers are when the 8.00 is well below where it should be? Is someone drawing these bar graphs by hand? Source: m I think maybe the 8.00 is the error, on this page it says 10 year return of index is 7.00%: m I agree, but have...