Search found 8403 matches

by Rick Ferri
Wed Aug 08, 2018 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Better investments than the stock market?
Replies: 13
Views: 2358

Re: Better investments than the stock market?

“We buy select stocks before they go up and sell them before they go down; and if a stock isn’t going up, we don’t buy it.” Believe it or not, this was part of a sales itch I heard an active manager give a large gathering of financial advisers. We all looked at each other and asked, “Did he say what...
by Rick Ferri
Tue Aug 07, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help with rebalancing
Replies: 10
Views: 973

Re: Help with rebalancing

Portfolio complexity is the linchpin of an investment adviser who charges high fees and delivers little value.

Stick close to a Core-4.

Rick Ferri
by Rick Ferri
Tue Jul 31, 2018 5:45 pm
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 213
Views: 22114

Re: I’m still not a fan of international bond funds

A few things about the above chart: 1) International bond PRICES have outperformed US bond PRICES as international yields fell to negatives territory while US yields did not go that low. Hence the one-time jump in returns to international bonds as depicted in the chart. 2) The US dollar had been str...
by Rick Ferri
Tue Jul 31, 2018 1:29 pm
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 213
Views: 22114

Re: I’m still not a fan of international bond funds

https://institutional.vanguard.com/iam/pdf/ISGGLBD.pdf?cbdForceDomain=true This Vanguard report states the obvious, having more bonds in a portfolio increases diversification. The report further states more diversification is gained with international bonds but only if the currency is hedged. What ...
by Rick Ferri
Tue Jul 31, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 213
Views: 22114

Re: I’m still not a fan of international bond funds

Bobcat2, You might want to modify or delete your post because nowhere does it show I recommend emerging market bonds. Also, for the record, I no longer own or manage an investment firm. Rick Ferri Rick, totally off topic, but didn't you divest your firm and hit the road for awhile? It's good to see...
by Rick Ferri
Sun Jul 29, 2018 7:26 pm
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 213
Views: 22114

Re: I’m still not a fan of international bond funds

neurosphere wrote:
Sun Jul 29, 2018 2:57 pm
My question: I'll concede that international bond funds are not necessary. But are they to be actively AVOIDED?
International bond funds are unnecessary, but I would not go as far as saying avoid them.

Rick Ferri
by Rick Ferri
Sun Jul 29, 2018 2:31 pm
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 213
Views: 22114

Re: I’m still not a fan of international bond funds

The US dollar is up 3% this year, which explains the difference in return. The excess gain was from hedging currencies, which essentially means shorting foreign currencies using futures contracts and swaps. It was not a result of interest income or capital gains. If you didn't understand until now w...
by Rick Ferri
Sat Jul 28, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

The name of the podcast was chosen a couple of weeks ago. It's simply called: Bogleheads on Investing How was this selected? 1) The name has Bogleheads in it. 2) Plural use of Boglehead means more than one person is involved. 3) Investing describes the focus of the podcast. 4) The title is only a fe...
by Rick Ferri
Sat Jul 28, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6704

Re: Retirees: how much cash?

Let’s differenciat types of “cash”. There are two, IMO. The first type is working capital. This is the cash we have on hand to pay known bills. These bills are paid weekly (food, gas), monthly (utilities, insurance, mortgage), quarterly (water, taxes) and annually (property tax). The proper investme...
by Rick Ferri
Fri Jul 27, 2018 9:59 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

The first podcast will be up mid-Sep, then every month thereafter.
by Rick Ferri
Sun Jul 22, 2018 8:50 pm
Forum: Investing - Theory, News & General
Topic: Inflation — Perspectives from Two Centuries, 1800-2016
Replies: 33
Views: 3334

Re: Inflation — Perspectives from Two Centuries, 1800-2016

Assuming inflation has become more highly correlated globally and less volatile, it follows that Central Bank policy across developed markets would also become more highly correlated and less volatile. If that’s true, then non-US interest rates will start moving higher relatively soon.

Rick Ferri
by Rick Ferri
Sat Jul 21, 2018 8:41 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

It will be interesting how long this podcast goes. Maybe 1 week of going over the philosophy and discussing a 3-fund portfolio then the next 500 episodes will be: "Welcome to the podcast! Just a reminder to stay the course. Well that's all we have this week, thanks for joining us!" And yet the boar...
by Rick Ferri
Thu Jul 19, 2018 8:46 pm
Forum: Personal Consumer Issues
Topic: [A Splendid Exchange, by William Bernstein - on sale for Kindle]
Replies: 19
Views: 2093

Re: Splendid Exchange Kindle Sale

This is one of Bill’s best economic history books. I highly recommend it!

Rick Ferri
by Rick Ferri
Wed Jul 18, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 16721

Re: New book based on Millionaire Next Door

Stanley’s original work from 20 years ago confirmed what I saw every day in my business. I advised thousands of investors over the years and learned early on that wealth accumulation is mostly a result of determination to save than a determination to reach a high income level. I also learned that pr...
by Rick Ferri
Wed Jul 18, 2018 8:11 am
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 7632

Re: How do you handle the urge to DO something?

Put a small percentage of your savings in a separate account and trade it as you please. Leave the rest in a buy and hold account. After a while, compare the performance of your trading account to the market. Be honest! The result cures most people.
by Rick Ferri
Wed Jul 18, 2018 2:22 am
Forum: Investing - Theory, News & General
Topic: Exponential ETFs Podcast with Rick Ferri and Josh Brown
Replies: 4
Views: 981

Re: Exponential ETFs Podcast with Rick Ferri and Josh Brown

The idea the fund sponsor had with the S&P 500 reverse cap was to give Institutional investors a tool to lower the concentration of large cap stocks in a cap weight S&P 500 by purchasing one “reverse” fund.
by Rick Ferri
Tue Jul 17, 2018 9:10 pm
Forum: Investing - Theory, News & General
Topic: Exponential ETFs Podcast with Rick Ferri and Josh Brown
Replies: 4
Views: 981

Re: Exponential ETFs Podcast with Rick Ferri and Josh Brown

Reverse Cap Weighting is a niche strategy for a niche market. The ETF based on this strategy is designed for hedge funds and other institutional money managers. I briefly talked about the product in the podcast.

Rick Ferri
by Rick Ferri
Tue Jul 17, 2018 8:24 pm
Forum: Investing - Theory, News & General
Topic: Exponential ETFs Podcast with Rick Ferri and Josh Brown
Replies: 4
Views: 981

Exponential ETFs Podcast with Rick Ferri and Josh Brown

Exponential ETFs CEO Phil Bak is joined by Josh Brown and Rick Ferri to discuss how to be successful in the financial industry. Although this podcast was done mainly for the benefit of advisers, there is a lot of inside baseball discussed. My part starts at 17:10 minutes. Epidode #10: Making Better ...
by Rick Ferri
Tue Jul 17, 2018 8:19 am
Forum: Personal Consumer Issues
Topic: Amazon Prime Day 2018
Replies: 88
Views: 10443

Re: Amazon Prime Day 2018

Psyayeayeduck wrote:
Tue Jul 17, 2018 6:27 am
I just want to remind everyone that just because something is on "sale" doesn't mean you are obligated to buy if you never needed it in the first place. Carry on.
My wife says this doesn’t apply to shoes.

Rick Ferri
by Rick Ferri
Mon Jul 16, 2018 5:10 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Day 2018
Replies: 88
Views: 10443

Re: Amazon Prime Day 2018

I broke down and bought an Alexa Echo. Now I’ll know what time it is and the temperature outside 🙄. Can’t believe I’m paying to have more Amazon in my life.
by Rick Ferri
Sun Jul 15, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: Brokers sell ETF order flow used to trade against clients
Replies: 24
Views: 2036

Re: Brokers sell ETF order flow used to trade against clients

This seems to be a helpful writeup on the subject: https://www.stockbrokers.com/guides/order-execution Good article. Thanks for sharing. There is information on which brokers take payments and which do not. Using mutual funds instead of ETFs bypasses all of this. You buy and sell at NAV at the end ...
by Rick Ferri
Sun Jul 15, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: Brokers sell ETF order flow used to trade against clients
Replies: 24
Views: 2036

Re: Brokers sell ETF order flow used to trade against clients

I agree it’s not a lot of money for a buy and hold investor, but is is disconcerting nonetheless. This stuff has remained hidden for years. What else don’t we know?

I’m not familiar with a Fidelity’s trading process and can’t comment.
by Rick Ferri
Sun Jul 15, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: Brokers sell ETF order flow used to trade against clients
Replies: 24
Views: 2036

Brokers sell ETF order flow used to trade against clients

If you’re a ETF investor and want to read a book that will make your blood boil, read Flash Boys by Michael Lewis. It’s all about how HFT (high-frequency trading) is skimming money off your trades. Here is how it works. Brokerage firms sell order flow to hedge funds and proprietary trading desks who...
by Rick Ferri
Sun Jul 15, 2018 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?
Replies: 45
Views: 2538

Re: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?

Should you order vanilla ice cream with chocolate topping or chocolate chip? Should you buy a name brand bottle water or store brand? Should you purchase an LG TV or Vizio TV? Should you keep VTI and VXUS or switched to VT? There is no right answer to any of these questions. They are preferences. Re...
by Rick Ferri
Sat Jul 14, 2018 7:30 am
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

Babbling Bogleheads There’s a lot of truth in that. Here’s the unofficial leader at this point “Bogleheads on Investing” We are the Bogleheads and the show is about investing. Although I could shorten that to “Bogleheads Investing” because I do like how this sounds: Welcome to the “Bogleheads Inves...
by Rick Ferri
Fri Jul 13, 2018 9:22 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

I hope the power players heed this advice.
Got it! :wink:
by Rick Ferri
Fri Jul 13, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our business?
Replies: 61
Views: 5481

Re: Should we sell our business?

The current value according to the bean counting investment bankers is $900k. This calculation didn't include revenue from our new locations in other parts of the US....I priced in expansion and additional locations when the valuation didn't include those (yet). Unless the bean counters are working...
by Rick Ferri
Fri Jul 13, 2018 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our business?
Replies: 61
Views: 5481

Re: Should we sell our business?

I am confused. You said the current value of the business is $900k, but could be worth much more if and when the revenues increase. Then you said you’d offer to sell the business to an employee today for $2 mm, as if the growth has already occurred. Why would you expect an employee to pay you more t...
by Rick Ferri
Fri Jul 13, 2018 7:39 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

LadyGeek, Here is my thinking on the difference between “Invest Like a Boglehead” and “Investing With the Bogleheads” The first highlights “how” to invest, the second highlights “who” are a guests on the program and their thoughts about investing. If I were to choose between the two as the host, I’m...
by Rick Ferri
Fri Jul 13, 2018 4:46 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

How about

“Investing with the Bogleheads”

After all, the show is mainly about investing, and the guests are either admitted Bogleheads, closet Bogleheads, or friends of the Bogleheads.

Yes? No?
by Rick Ferri
Fri Jul 13, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

Here are names that will not win:

Any name with Bitcoin or cybercurrency in it
Any name longer than 5 words
Any name that doesn’t include Bogleheads
Any name with my name in it
by Rick Ferri
Fri Jul 13, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

The emphasis will follow this site:

Investing - theory and general
Personal Finance (not investing)

No consumer issues unless they happen to come up in conversation.
by Rick Ferri
Fri Jul 13, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

The shortest, most descriptive title would be:

Boglehead Investing
by Rick Ferri
Fri Jul 13, 2018 8:45 am
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

How about something with the word Money in it?

Money Talk with the Bogleheads
Bogleheads Talk Money
by Rick Ferri
Fri Jul 13, 2018 4:52 am
Forum: Investing - Theory, News & General
Topic: Risk Adjusted SPIVA Scorecard
Replies: 1
Views: 397

Re: Risk Adjusted SPIVA Scorecard

Until the most recent report, S&P did not adjust active fund returns for any type of risk measurement in their bi-annual SPIVA Scorecard and active funds were having a hard enough time keeping up. The numbers are even worse with the introduction of a Sharpe Ratio. S&P is working on a more advanced v...
by Rick Ferri
Fri Jul 13, 2018 4:38 am
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

This series puts the word “invest” first for the benefit of search engine:

Invest With the Bogleheads
Invest Like a Boglehead
Invest Bogleheads Style

Another idea:

Meet the Bogleheads
by Rick Ferri
Thu Jul 12, 2018 9:54 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

Can I get some comments on these simple ideas:

- The Bogleheads Show

- The Bogleheads Podcast

- Boglehead Talk
by Rick Ferri
Thu Jul 12, 2018 9:12 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

Caligal wrote:
Thu Jul 12, 2018 9:06 pm
Boglehead Blasts
Sounds like a party!
by Rick Ferri
Thu Jul 12, 2018 9:04 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

Several people like

“Talking Bogleheads” with the byline “Investment Advice Inspired by John Bogle”

Keep the ideas flowing.
by Rick Ferri
Thu Jul 12, 2018 2:01 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

“Talking Bogleheads”

has a nice ring to it.
by Rick Ferri
Thu Jul 12, 2018 1:49 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

Maybe

Boglehead Radio

Or

Boglehead Investing Show
by Rick Ferri
Thu Jul 12, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

I don't have suggestions for a title. interviewing a number of people from the world of finance and investing would be great. But I would love to hear a good amount of Rick's thoughts on investing, without the need to accommodate someone else in the podcast. We all get a lot out of Rick's posts, an...
by Rick Ferri
Thu Jul 12, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

Let’s shoot for brevity.

Titles such as “The Bogleheads Podcast for Better Investment Returns” are too long.

Three words or less would be ideal.
by Rick Ferri
Thu Jul 12, 2018 12:29 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

What do you think about calling the podcast “Bogle’s Folly” Comments? Now Rick, the rules were the name must include the word "Bogleheads" in it. Seeing you're the host, I guess we could make an exception. Right Mel? :wink: Bogleheads' Folly :beer Looking forward to this podcast. We’ve all been had...
by Rick Ferri
Thu Jul 12, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

The best Podcast name is the ones people remember. Often something with a bite, an edge.

We’re also looking across demographics to expand our reach.
by Rick Ferri
Thu Jul 12, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18365

Re: COMING SOON: BOGLEHEADS PODCASTS

What do you think about calling the podcast “Bogle’s Folly”

Comments?
by Rick Ferri
Thu Jul 12, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Preparing for military retirement
Replies: 10
Views: 1443

Re: Career Advice: Preparing for military retirement

You need professional advice. Seek out the very best military career transition experts you can find and ask them for help. Find out exactly what recruiters are looking for. Pay whatever fee for this advice is necessary.

Rick Ferri
USMC retired
by Rick Ferri
Wed Jul 11, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9932

Re: What rate of return are you using for retirement projections?

With the exception of a US zero-coupon Treasury return, which we know, every forecast has a probably distribution around the expected return, and some distributions are wider than others.
by Rick Ferri
Tue Jul 10, 2018 8:05 am
Forum: Investing - Theory, News & General
Topic: Morningstar: prepare for a lost decade for U.S. stocks
Replies: 198
Views: 19505

Re: Morningstar: prepare for a lost decade for U.S. stocks

S&P forecast earnings growth out to 2020+ are already priced into stocks. That’s why the S&P 500 is trading at a 25+ current earnings multiple. The probability of a lower long-term stock return increases as more people believe a robust scenerio for earnings growth in the short-term and push prices h...