Search found 621 matches

by muffins14
Tue Jul 27, 2021 7:07 am
Forum: Personal Investments
Topic: New Investor Returns
Replies: 4
Views: 304

Re: New Investor Returns

It’s important to be patient. Those returns happen over decades, not a couple months. Many indices are up +40-50% since 2020 because of the 2020 low point, for example, and we won’t get +50% each year either ;)
by muffins14
Mon Jul 26, 2021 11:34 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4730
Views: 392232

Re: Small Cap Value heads Rejoice !!!

Zero is not 0.36. Would you rather pay zero in expenses or 0.36? 0.36 compounded over a lifetime is higher than 0 compounded
by muffins14
Mon Jul 26, 2021 7:48 am
Forum: Personal Investments
Topic: 35% cash, nearly 40
Replies: 19
Views: 2509

Re: 35% cash, nearly 40

Best to not try to time the market anymore.

150k tomorrow
10k per week after

Finished in 15 weeks

2k per week would take you almost 3 years to get fully invested. That’s a high expected opportunity cost
by muffins14
Sun Jul 25, 2021 10:35 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4730
Views: 392232

Re: Small Cap Value heads Rejoice !!!

. Unpacking the Fama-French HML factor over the 05/1986 - 05/2021 timeframe gives the following: FF-HML = 1.13% annualized, as per the Portfolio Visualizer link FF Small Value component of FF-HML = 12.9% annualized FF Market = 11.0% annualized Difference = 1.9% Implied growth of $1 from start of 05...
by muffins14
Sun Jul 25, 2021 10:26 am
Forum: Personal Investments
Topic: [Buying S&P 500 Index Fund - Fidelity or Vanguard?]
Replies: 60
Views: 5477

Re: [Buying S&P 500 Index Fund - Fidelity or Vanguard?]

Mutual fund vs ETF: ETF: in general the ETF is likely more tax efficient by a hair. Mutual fund: far far simpler - you can can sell dollars where ETF is only whole shares, you can do automatic investing where ETF must be manual purchases, and so on. So if you value simplicity more than a slight edg...
by muffins14
Thu Jul 22, 2021 7:57 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4730
Views: 392232

Re: Small Cap Value heads Rejoice !!!

I'm going back to 1986 using the factor statistics tool in PV. It goes back to 1960-something (where the premium used to be). It's useful to look back as far as we can. When you do, it's clear that a premium used to exist. Then, for whatever combination of reasons, it stopped working. This is a non...
by muffins14
Wed Jul 21, 2021 5:57 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4730
Views: 392232

Re: Small Cap Value heads Rejoice !!!

I'm going back to 1986 using the factor statistics tool in PV. It goes back to 1960-something (where the premium used to be). It's useful to look back as far as we can. When you do, it's clear that a premium used to exist. Then, for whatever combination of reasons, it stopped working. This is a non...
by muffins14
Tue Jul 20, 2021 7:45 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4730
Views: 392232

Re: Small Cap Value heads Rejoice !!!

I'm going back to 1986 using the factor statistics tool in PV. It goes back to 1960-something (where the premium used to be). It's useful to look back as far as we can. When you do, it's clear that a premium used to exist. Then, for whatever combination of reasons, it stopped working. This is a non...
by muffins14
Fri Jul 16, 2021 7:00 am
Forum: Non-US Investing
Topic: My Portfolio: seeking advice.
Replies: 18
Views: 2138

Re: My Portfolio: seeking advice.

I’m surprised so many readers find a portfolio with 37% in employer stock to be well diversified. Typically most recommend no more than 10%, so the advice would be to sell your shares down to that level over a reasonable time frame
by muffins14
Tue Jul 13, 2021 4:43 pm
Forum: Investing - Theory, News & General
Topic: Inflation for the month and year at highest rate in 13 years
Replies: 129
Views: 12664

Re: Inflation for the month and year at highest rate in 13 years

Seems like the solution is to not buy a used car, or lumber
by muffins14
Sun Jul 11, 2021 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to evaluate credit score impact before canceling a card?
Replies: 15
Views: 1268

Re: How to evaluate credit score impact before canceling a card?

I recently canceled my oldest card (about 15 years history) to get down to fewer accounts(now the average is about 3.5 years). I think the hit to my score was around 10-12 points, and it’s been recovering since then such that it’s currently just a couple points below my old score
by muffins14
Sat Jul 10, 2021 4:35 pm
Forum: Investing - Theory, News & General
Topic: WisdomTree NTSX now has siblings NTSI and NTSE launched today
Replies: 64
Views: 6816

Re: WisdomTree NTSX now has siblings NTSI and NTSE launched today

DMoogle wrote: Wed Jun 16, 2021 12:10 pm Today's the second time I've put in an order for 1k shares of NTSI using IB's MidPrice methodology and haven't been able to fill any. :?
Why not just place market orders for groups of 100 or 200?
by muffins14
Sat Jul 10, 2021 9:58 am
Forum: Investing - Theory, News & General
Topic: Question about 3 factor market loading
Replies: 5
Views: 362

Re: Question about 3 factor market loading

1) it is not a US-only fund and you may be using US returns for your factor regression

2) it may hold Bitcoin via an ETF per the prospectus
by muffins14
Sat Jul 10, 2021 8:55 am
Forum: Personal Investments
Topic: Asset Mix Question: Bogle Vs. Merriman
Replies: 31
Views: 2445

Re: Asset Mix Question: Bogle Vs. Merriman

The Merriman portfolio is overly complex, but you can achieve a similar goal of a factor-diversified portfolio with just 3-4 funds: total world market, international small or small value, and domestic small cap value. The diversified portfolio doesn’t need to have 10+ funds
by muffins14
Sat Jul 10, 2021 8:02 am
Forum: Personal Investments
Topic: Recommended starter articles for investing today--for tomorrow
Replies: 20
Views: 1822

Re: Recommended starter articles for investing today--for tomorrow

If you think bonds are not risky enough or have too low returns, and stocks are too risky, then you should invest in -some- stocks and -some- bonds such that you can meet your required portfolio goals. The details about the current market don’t matter.
by muffins14
Thu Jul 08, 2021 3:40 pm
Forum: Personal Investments
Topic: Emerging Markets ETF - sell or hold?
Replies: 32
Views: 2850

Re: Emerging Markets ETF - sell or hold?

renegade06 wrote: Thu Jul 08, 2021 2:16 pm . I’m not really a market timer since this is in my long term account, but
I wish I had a nickel for every time I heard that.

Stay the course, just buy more developed markets if you want to remove a tilt to EM
by muffins14
Wed Jul 07, 2021 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: What's Simpler: Fidelity Credit Card vs 4 Store/Specific Cards
Replies: 33
Views: 2264

Re: What's Simpler: Fidelity Credit Card vs 4 Store/Specific Cards

Of course it is simpler to have one card instead of 4. Personally I use fidelity visa plus the Amazon card from chase. I just use auto pay for the amazon card so it’s really not a burden to check. I closed my oldest card this year (15 year history) and the remaining caress have about 3. It was aroun...
by muffins14
Wed Jul 07, 2021 6:56 am
Forum: Investing - Theory, News & General
Topic: "No need for market-cap weighted funds like VTI, factor investing is more efficient"
Replies: 75
Views: 5383

Re: "No need for market-cap weighted funds like VTI, factor investing is more efficient"

I think one can be a “true believer” and decide that the costs and return distribution shape of beta, size, and value is sufficient and decide not to also load on momentum. As a contrived example, If someone works for a high-momentum company, why then allocate even more to company stock rather than ...
by muffins14
Wed Jul 07, 2021 6:47 am
Forum: Investing - Theory, News & General
Topic: "No need for market-cap weighted funds like VTI, factor investing is more efficient"
Replies: 75
Views: 5383

Re: "No need for market-cap weighted funds like VTI, factor investing is more efficient"

No where does the author being quoted ever state that “factor investing is more efficient”. I haven’t seen any argument that tries to make that point. The market portfolio is by definition the most efficient portfolio - it has to be. Now a factor weighted portfolio might have better returns (or wor...
by muffins14
Wed Jul 07, 2021 6:32 am
Forum: Personal Finance (Not Investing)
Topic: How do you ban someone from paying your tuition?
Replies: 65
Views: 5380

Re: How do you ban someone from paying your tuition?

Seems like a bad idea. Why does the cousin need like $40k cash… to speculate on Bitcoin?
by muffins14
Tue Jul 06, 2021 2:14 pm
Forum: Investing - Theory, News & General
Topic: "No need for market-cap weighted funds like VTI, factor investing is more efficient"
Replies: 75
Views: 5383

Re: "No need for market-cap weighted funds like VTI, factor investing is more efficient"

. The market portfolio is by definition the most efficient portfolio - it has to be. This also doesn’t make sense to me. What is the definition of efficient? What is the definition of risk? There is no global average human, so it’s likely that each individual has their own utility function and set ...
by muffins14
Tue Jul 06, 2021 1:28 pm
Forum: Investing - Theory, News & General
Topic: "No need for market-cap weighted funds like VTI, factor investing is more efficient"
Replies: 75
Views: 5383

Re: "No need for market-cap weighted funds like VTI, factor investing is more efficient"

That's great news for us who VTSAX and chill - we are exposed to all the factors and won't miss out on any. This is by-definition untrue. The total market has no net exposure to any factor other than market beta, so you are not exposed to the factors at all, you just happen to own all the stocks in...
by muffins14
Mon Jul 05, 2021 3:48 pm
Forum: Personal Investments
Topic: SCHX vs VOO
Replies: 15
Views: 1565

Re: SCHX vs VOO

AustinC27 wrote: Mon Jul 05, 2021 2:09 am Will I truly be getting less exposure to U.S company risk in a bear market by investing in VOO …
Why would investing in VOO reduce your risk? What kind of risk are you talking about? Variance in price? Sector risk? Inflation risk, avoidance of small caps based on a hunch?
by muffins14
Sun Jul 04, 2021 9:46 pm
Forum: Personal Investments
Topic: Why VXUS?
Replies: 12
Views: 1861

Re: Why VXUS?

Are these even real threads at this point or are these bots?
by muffins14
Sun Jul 04, 2021 6:35 am
Forum: Non-US Investing
Topic: Anyone long the S&P500 and short the Nasdaq?
Replies: 32
Views: 2798

Re: Anyone long the S&P500 and short the Nasdaq?

You would be long in the same stocks you are short, due to the very significant overlap. It doesn’t make sense. Perhaps if you really want to go a similar route, you could construct a different portfolio
by muffins14
Thu Jul 01, 2021 8:27 am
Forum: Personal Consumer Issues
Topic: I made a 100k mistake
Replies: 63
Views: 8130

Re: I made a 1.5 mm mistake

What were the factors that led to the purchase decision? I imagine you considered green space and commute times as a part of this decision, so what were your thoughts on them at the time and how/why have they changed?
by muffins14
Thu Jul 01, 2021 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Is this job offer ruined?
Replies: 134
Views: 16756

Re: Is this job offer ruined?

It's very clear some posters in this thread have never been involved in managing ongoing team comp. The manger should then raise the salary of their existing employees if they meet the same bar. Will do, as soon as I find that magic wand that lets me pull raises out of my... To be clear, I can prob...
by muffins14
Thu Jul 01, 2021 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Is this job offer ruined?
Replies: 134
Views: 16756

Re: Is this job offer ruined?

From what you say, it sounds like my company is the exception, since you say that "most companies" involve the hiring manager and some other HR person (not the recruiter). Maybe I should work for your company if you can give me a huge sign on bonus! :beer From the tone of your posts it so...
by muffins14
Thu Jul 01, 2021 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Is this job offer ruined?
Replies: 134
Views: 16756

Re: Is this job offer ruined?

While people often "leave bad managers", the good ones also leave this stupidity. The ones that are left are the ones that are too stupid, too lazy, or too undesirable to get a job that pays them what they're worth. Congratulations on creating policy that selects for the shallow end of th...
by muffins14
Mon Jun 28, 2021 10:31 pm
Forum: Investing - Theory, News & General
Topic: What to pair with NTSX?
Replies: 254
Views: 25764

Re: What to pair with NTSX?

worthit wrote: Mon Jun 28, 2021 1:28 pm
pepys wrote: Mon Jun 28, 2021 10:07 am
willthrill81 wrote: Sat Mar 07, 2020 10:37 am After the performance of NTSX since this year, I doubt that they'll have any issues with insufficient assets.

I'm wondering which brokerages people are using to hold NTSX.
Merrill Edge mostly
Using E-Trade here.
Fidelity
by muffins14
Sat Jun 26, 2021 11:01 am
Forum: Personal Investments
Topic: Yet another Saturday AM humble Portfolio Review Request
Replies: 23
Views: 2325

Re: Yet another Saturday AM humble Portfolio Review Request

Paying 0.5% for a target date fund in an old 401k is egregious. Roll it into your new 401k where the funds are much cheaper
by muffins14
Thu Jun 24, 2021 3:37 pm
Forum: Investing - Theory, News & General
Topic: One Stock Portfolio
Replies: 106
Views: 7448

Re: One Stock Portfolio

This seems like a waste of time. Here are 3 better things to do that likely have the same if not better expected portfolio value 1) invest all in VT and invest your free time from not extensively study stocks into volunteer work 2) invest all in VT and invest your free time from not extensively stu...
by muffins14
Thu Jun 24, 2021 3:33 pm
Forum: Personal Investments
Topic: Why Don’t the Brokers like Schwab, Fidelity, etc. Offer Better Rates?
Replies: 25
Views: 2817

Re: Why Don’t the Brokers like Schwab, Fidelity, etc. Offer Better Rates?

You could invest in various treasuries or short-term bonds to get your yield while only taking on a wee bit of duration risk
by muffins14
Wed Jun 23, 2021 3:40 pm
Forum: Investing - Theory, News & General
Topic: One Stock Portfolio
Replies: 106
Views: 7448

Re: One Stock Portfolio

This seems like a waste of time. Here are 3 better things to do that likely have the same if not better expected portfolio value 1) invest all in VT and invest your free time from not extensively study stocks into volunteer work 2) invest all in VT and invest your free time from not extensively stud...
by muffins14
Mon Jun 21, 2021 7:33 am
Forum: Personal Consumer Issues
Topic: How to save on water costs?
Replies: 91
Views: 6218

Re: How to save on water costs?

Matching the landscape to the local environment seems to make sense for me. I know grass looks nice, but I don’t understand why people insist on having water collected, filtered, cleaned and chemically treated, stored, and then transported through city pipes just to dump it into the desert for a “ya...
by muffins14
Sat Jun 19, 2021 7:15 am
Forum: Personal Investments
Topic: New BH Investor After Windfall...Please Help!
Replies: 14
Views: 2243

Re: New BH Investor After Windfall...Please Help!

retiredjg wrote: Sat Jun 19, 2021 7:04 am
I don't see much point in saving $97.5k a year for retirement.
Why not? He may have a high desired expense level that requires a large portfolio, which would benefit from higher contributions.
by muffins14
Sat Jun 19, 2021 6:39 am
Forum: Personal Consumer Issues
Topic: Where to get podcasts without activity being tracked?
Replies: 34
Views: 3579

Re: Where to get podcasts without activity being tracked?

Now, the cynical amongst you might say that they are doing it as a sales tactic, Correct, because Apple has ads too in search for the App Store. They are just making it harder for their competition to use their hardware for ads, while they themselves build an ad business. And then for the privilege...
by muffins14
Sat Jun 19, 2021 6:32 am
Forum: Personal Consumer Issues
Topic: Where to get podcasts without activity being tracked?
Replies: 34
Views: 3579

Re: Where to get podcasts without activity being tracked?

At some level this info probably helps both the podcaster and you. Did people like my last episode? Did they all tune out when I asked an annoying question to my interviewer? It’s not just about ads. That data isn’t really tied to your personally-identifiable information for all to see, it’s just ha...
by muffins14
Fri Jun 18, 2021 5:36 pm
Forum: Investing - Theory, News & General
Topic: "Total Return Investing"
Replies: 37
Views: 4970

Re: "Total Return Investing"

“Total return” is a misnomer. If you ask anyone who invests in equities how their portfolio is performing, the response by definition includes capital gain and dividends. They both add up to the return you get on equities. What people are really talking about and what this article specifically says...
by muffins14
Fri Jun 18, 2021 5:33 pm
Forum: Personal Investments
Topic: 25 years old - Portfolio/Life checkup
Replies: 10
Views: 1695

Re: 25 years old - Portfolio/Life checkup

It depends when you want to purchase the house. If you want to purchase in 2023, but the market drops 50%, you can no longer afford the downpayment, so you have to wait for a recovery. If you had put it into cash, you would be able to buy the house because you still have the full amount. If you had ...
by muffins14
Thu Jun 17, 2021 2:47 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4730
Views: 392232

Re: Small Cap Value heads Rejoice !!!

Sold some EDV at +3% to purchase some IJS at -2.7%. What's up with EDV today? What are your rebalancing bands? Do you just 'wing it' on "RBDs"? Or was that move part of a systematic process? Lately I'm liking Swedroe's suggestion of 5/25 bands (rebalance after 5% absolute or 25% relative ...
by muffins14
Thu Jun 17, 2021 11:58 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4730
Views: 392232

Re: Small Cap Value heads Rejoice !!!

Sold some EDV at +3% to purchase some IJS at -2.7%. What's up with EDV today? What are your rebalancing bands? Do you just 'wing it' on "RBDs"? Or was that move part of a systematic process? Lately I'm liking Swedroe's suggestion of 5/25 bands (rebalance after 5% absolute or 25% relative ...
by muffins14
Thu Jun 17, 2021 10:56 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4730
Views: 392232

Re: Small Cap Value heads Rejoice !!!

Sold some EDV at +3% to purchase some IJS at -2.7%.

What's up with EDV today?
by muffins14
Thu Jun 17, 2021 7:21 am
Forum: Personal Investments
Topic: 31 yr old Portfolio/Career/Home Purchase: A Triple Checkup
Replies: 22
Views: 2425

Re: 31 yr old Portfolio/Career/Home Purchase: A Triple Checkup

Prefer not to ask GF for rent or contribution to down payment due to: a) GF is moving from lower COL (middle CT) to Boston metro to be with me. b) GF has no significant saving outside retirement account since she like nice things. OTOH, she has a nice income that can cash-flow both of us even if I ...
by muffins14
Wed Jun 16, 2021 2:30 pm
Forum: Investing - Theory, News & General
Topic: "Total Return Investing"
Replies: 37
Views: 4970

Re: "Total Return Investing"

“Total return” is a misnomer. If you ask anyone who invests in equities how their portfolio is performing, the response by definition includes capital gain and dividends. They both add up to the return you get on equities. What people are really talking about and what this article specifically says...
by muffins14
Wed Jun 16, 2021 2:24 pm
Forum: Personal Investments
Topic: Int Small Value
Replies: 9
Views: 1089

Re: Int Small Value

FNDC is also a recommendation
AUM is not a recommendation

you should be able to buy all in an IRA commission-free
by muffins14
Wed Jun 16, 2021 7:33 am
Forum: Investing - Theory, News & General
Topic: "Total Return Investing"
Replies: 37
Views: 4970

Re: "Total Return Investing"

Yes this is the problem with the Total Return strategy. One is taking a huge leap of faith that things will be OK in the long run. In my case, I told myself that if I started to deplete my principal I would just cut back on spending. Except that selling shares has exactly the same effect as non rei...
by muffins14
Sun Jun 13, 2021 9:21 pm
Forum: Personal Consumer Issues
Topic: Exercise during visit to Manhattan
Replies: 49
Views: 4184

Re: Exercise during visit to Manhattan

Thanks for sharing your experience! I’m due to check out the botanical gardens, too