Search found 7535 matches

by midareff
Sun May 16, 2021 8:21 am
Forum: Investing - Theory, News & General
Topic: Globally Diversified or Worsified?
Replies: 160
Views: 7842

Re: Globally Diversified or Worsified?

U.S. TSM holds small growth stocks, which have underperformed all other styles. Why do you hold them? I think the smartest investor holds equities of all styles sizes, sectors, and countries. That's the great thing about opinions Triple Digit, we are all issued one at birth. I hold TSM because I co...
by midareff
Sat May 15, 2021 5:38 pm
Forum: Investing - Theory, News & General
Topic: Globally Diversified or Worsified?
Replies: 160
Views: 7842

Re: Globally Diversified or Worsified?

One benefit of diversifying within an asset class (equities in this case) is to decrease volatility. Comparing the purpose bonds in an asset allocation to any subset of equities is wrong. In my opinion. Though occasionally people do attempt to do so in the case of high dividend stocks. All the majo...
by midareff
Sat May 15, 2021 3:15 pm
Forum: Investing - Theory, News & General
Topic: Globally Diversified or Worsified?
Replies: 160
Views: 7842

Re: Globally Diversified or Worsified?

I suppose when you are unable to relate to a statement you have to twist it so you can mock it.. is that you? The purpose of bonds is to tamp down volatility in a portfolio. That's been repeated endlessly on this forum. Did you miss it? To infer or imply that's the purpose of an equity asset class,...
by midareff
Sat May 15, 2021 3:11 pm
Forum: Investing - Theory, News & General
Topic: Globally Diversified or Worsified?
Replies: 160
Views: 7842

Re: Globally Diversified or Worsified?

I ask you again.... Do you think owning historically under-performing equity asset classes makes you a smarter investor? Potentially yes. For example, Small Cap Value premium relies upon owning an asset that doesn't consistently show an outperforming return and may underperform the market for long ...
by midareff
Sat May 15, 2021 3:07 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1910
Views: 183815

Re: Jack Bogle - Two Fund Portfolio

I'd buy all the cups and not chase which cup has done well in the past. You're speaking as if international has not had periods of outperformance. It most certainly has. I don't buy the hottest stock. I buy them all. You are buying the hottest group of stocks, which is lazy logic. I specifically ac...
by midareff
Sat May 15, 2021 2:40 pm
Forum: Investing - Theory, News & General
Topic: Globally Diversified or Worsified?
Replies: 160
Views: 7842

Re: Globally Diversified or Worsified?

I suppose when you are unable to relate to a statement you have to twist it so you can mock it.. is that you? The purpose of bonds is to tamp down volatility in a portfolio. That's been repeated endlessly on this forum. Did you miss it? To infer or imply that's the purpose of an equity asset class,...
by midareff
Sat May 15, 2021 1:39 pm
Forum: Investing - Theory, News & General
Topic: Globally Diversified or Worsified?
Replies: 160
Views: 7842

Re: Globally Diversified or Worsified?

Why not say the same for U.S. tech stocks vs. the rest of the U.S. market? How undiversified do you want to get to chase performance? LOL, so you are saying owning 3781 stocks whose business is 40% or better from international sources is not diversified based on legal country of domicile? Is that w...
by midareff
Sat May 15, 2021 1:36 pm
Forum: Investing - Theory, News & General
Topic: Globally Diversified or Worsified?
Replies: 160
Views: 7842

Re: Globally Diversified or Worsified?

Most important thing is to be able to stay the course. If you are confident that you will stay the course with your only US portfolio (even when international outperform US) then go ahead and get rid of international. I don’t have international fund. Excellent advice and investors would be wise to ...
by midareff
Sat May 15, 2021 1:35 pm
Forum: Investing - Theory, News & General
Topic: Globally Diversified or Worsified?
Replies: 160
Views: 7842

Re: Globally Diversified or Worsified?

Most important thing is to be able to stay the course. If you are confident that you will stay the course with your only US portfolio (even when international outperform US) then go ahead and get rid of international. I don’t have international fund. Excellent advice and investors would be wise to ...
by midareff
Sat May 15, 2021 1:31 pm
Forum: Investing - Theory, News & General
Topic: Globally Diversified or Worsified?
Replies: 160
Views: 7842

Re: Globally Diversified or Worsified?

Why not say the same for U.S. tech stocks vs. the rest of the U.S. market? How undiversified do you want to get to chase performance? LOL, so you are saying owning 3781 stocks whose business is 40% or better from international sources is not diversified based on legal country of domicile? Is that w...
by midareff
Sat May 15, 2021 1:05 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1910
Views: 183815

Re: Jack Bogle - Two Fund Portfolio

We're buying future performance. Big difference. Your post almost literally says to buy the best past performers. Do you not see a problem with that? If I was buying past performance, I wouldn't touch a mutual fund. I'd just pick the single best performing stock and put 100% in it and borrow to put...
by midareff
Sat May 15, 2021 12:40 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1910
Views: 183815

Re: Jack Bogle - Two Fund Portfolio

Agreed, and if U.S. provides international diversification due to overseas revenue, why wouldn't the same logic apply to holding international stocks with U.S. revenue? It does, but at the end of the day aren't we buying market performance with our dollars? If you prefer to buy diversification over...
by midareff
Sat May 15, 2021 10:27 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1910
Views: 183815

Re: Jack Bogle - Two Fund Portfolio

It does, but at the end of the day aren't we buying market performance with our dollars? If you prefer to buy diversification over long term market performance please continue to do so. If you are buying performance (and all you can really buy is past performance, mind you), you presumably are also...
by midareff
Sat May 15, 2021 10:25 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1910
Views: 183815

Re: Jack Bogle - Two Fund Portfolio

"So if you own a U.S. stock fund, you already own an international fund." I greatly respect and admire Jack Bogle. He's a personal hero of mine. But he's wrong here. Same. This strikes me as intellectually rather lazy. Whatever amount of int'l exposure you get from overseas sales by US co...
by midareff
Sat May 15, 2021 10:05 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1910
Views: 183815

Re: Jack Bogle - Two Fund Portfolio

"So if you own a U.S. stock fund, you already own an international fund." I greatly respect and admire Jack Bogle. He's a personal hero of mine. But he's wrong here. What you own is a percentage of internationally created sales. The better off a country is the more money it's people have ...
by midareff
Sat May 15, 2021 8:59 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1910
Views: 183815

Re: Jack Bogle - Two Fund Portfolio

"So if you own a U.S. stock fund, you already own an international fund." I greatly respect and admire Jack Bogle. He's a personal hero of mine. But he's wrong here. Same. This strikes me as intellectually rather lazy. Whatever amount of int'l exposure you get from overseas sales by US co...
by midareff
Sat May 15, 2021 8:55 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1910
Views: 183815

Re: Jack Bogle - Two Fund Portfolio

"So if you own a U.S. stock fund, you already own an international fund." I greatly respect and admire Jack Bogle. He's a personal hero of mine. But he's wrong here. What you own is a percentage of internationally created sales. The better off a country is the more money it's people have ...
by midareff
Sat May 15, 2021 8:52 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1910
Views: 183815

Re: Jack Bogle - Two Fund Portfolio

Please advise what Vanguard of other International Fund (ticker) you were in at that time as I'd like to check your recollection of the happenings 20 + years ago. VGTSX only goes back to 6/26/1996, and VTIAX goes back even less. Using VGTSX and Morningstars proxy for International equity the perfor...
by midareff
Fri May 14, 2021 7:18 pm
Forum: Investing - Theory, News & General
Topic: ex-US Stocks Continue to Soar!
Replies: 162
Views: 15603

Re: Foreign Stocks Continue to Soar!

VXUS went up 0.55% today, while VOO went up only 0.13%. I think reversion to the mean is afoot! :D I think that's terrific.... so as of today the last ten years are US 272.49% gain and International 70.01% gain per Morningstar. If the catch up rate is 5% a year, even 10% a year, I can't live long e...
by midareff
Fri May 14, 2021 6:27 pm
Forum: Investing - Theory, News & General
Topic: ex-US Stocks Continue to Soar!
Replies: 162
Views: 15603

Re: Foreign Stocks Continue to Soar!

VXUS went up 0.55% today, while VOO went up only 0.13%. I think reversion to the mean is afoot! :D I think that's terrific.... so as of today the last ten years are US 272.49% gain and International 70.01% gain per Morningstar. If the catch up rate is 5% a year, even 10% a year, I can't live long e...
by midareff
Fri May 14, 2021 6:13 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1910
Views: 183815

Re: Jack Bogle - Two Fund Portfolio

My equity percentage is 40%, but even in earlier years when it was 60% I still felt the same way as to international diversification. Each of us has their own feelings on the subject and some of us don't want to be "hounded" by others based on their personal feelings. Even Vanguard years ...
by midareff
Fri May 14, 2021 6:02 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1910
Views: 183815

Re: Jack Bogle - Two Fund Portfolio

Hi Bogleheads - An excellent article from Morningstar regarding our mentor, Jack Bogle’s view on international stocks. “Bogle had a point on International Stocks” https://www.morningstar.com/articles/977718/bogle-had-a-point-on-international-stocks Enjoy! Tony I included non-US equities in my retir...
by midareff
Fri May 14, 2021 3:29 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1710
Views: 104208

Re: What are you listening to now

The Legend of Blind Joe Death — John Fahey (1996) Nice! I like it - simple and acoustic. :happy Yes, I find it quite calming. Now I’m listening to Bukka White, the great blues man whom Fahey “rediscovered” in the early 60s by him sending a letter addressed to "Bukka White (Old Blues Singer), c...
by midareff
Fri May 14, 2021 3:23 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1710
Views: 104208

Re: What are you listening to now

Streaming Anakelly on my main system.
by midareff
Fri May 14, 2021 2:31 pm
Forum: Personal Consumer Issues
Topic: Best time to buy tires
Replies: 36
Views: 2438

Re: Best time to buy tires

Prior to the start of rainy season. It's a safety issue, not price. I agree that safety is more important than saving dollars. Since I have many months before needing to replace my tires, I have the luxury to save dollars if I can anticipate a favorable time to buy. Also, I'm opting for higher qual...
by midareff
Fri May 14, 2021 8:30 am
Forum: Personal Consumer Issues
Topic: Best time to buy tires
Replies: 36
Views: 2438

Re: Best time to buy tires

Prior to the start of rainy season. It's a safety issue, not price.
by midareff
Wed May 12, 2021 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: TransferWise versus Interactive Brokers - thread?
Replies: 72
Views: 12211

Re: TransferWise versus Interactive Brokers - thread?

We have been using TW with no issues. We have TW pull the funds from Ally into the TW Bank and then send overseas an hour later. Excellent exchange rate too.
by midareff
Wed May 12, 2021 4:48 pm
Forum: Investing - Theory, News & General
Topic: When would you buy cryptocurrency?
Replies: 199
Views: 10679

Re: When would you buy cryptocurrency?

Maybe next lifetime. I'm tied up with companies that have a product they manufacture, distribute, sell or a service they offer and sell in this lifetime.

I don't see companies accepting payment in something whose value tomorrow morning isn't known.
by midareff
Wed May 12, 2021 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Seller wants to back out contract
Replies: 46
Views: 5301

Re: Seller wants to back out contract

I had a firm contract to buy accepted, signed off and ready to close when the seller informed my realtor he would like to back out and keep the townhouse. I told the realtor to inform the seller I had given up my rental apartment date certain and would be damaged if I was not moving into the townhou...
by midareff
Wed May 12, 2021 1:33 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1910
Views: 183815

Re: Jack Bogle - Two Fund Portfolio

I see no reason to hold a dedicated REIT fund. Vince - What do you base that on? I thoughts REITs have a lot fo overlap with small cap funds? Tony The great Taylor Larimore recently provided a link to this table of investment returns by asset class . To my mind, it makes a pretty strong case for ho...
by midareff
Wed May 12, 2021 1:23 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1910
Views: 183815

Re: Jack Bogle - Two Fund Portfolio

I thus would challenge Tony's assertion that people are moving towards his line of thinking on this. Quite the opposite is what I observe to have been happening. I am not so sure about that. Over the past couple of years, there appears to be a lot of posts expressing frustration and abandoning inte...
by midareff
Wed May 12, 2021 9:43 am
Forum: Personal Consumer Issues
Topic: sony a7c full frame camera
Replies: 51
Views: 2308

Re: sony a7c full frame camera

The full frame Sony A7C with high end Sony "glass" is an incredible camera to own and have fun with. There are so many wonderful fun cameras available now and great pictures can be taken by many of them whether a 1 inch sensor or APS-C or Full Frame or Medium Format, . . . or a great Cell...
by midareff
Wed May 12, 2021 9:41 am
Forum: Personal Consumer Issues
Topic: sony a7c full frame camera
Replies: 51
Views: 2308

Re: sony a7c full frame camera

I like the dragonfly, excellent..... to me the flower colors are off on the bee shot or did you add saturation in PP?. As I recall the light situation was challenging (I actually remember being a bit vexed that day; I spent a couple of hours in the backyard trying to get bee pictures). In terms of ...
by midareff
Wed May 12, 2021 9:33 am
Forum: Personal Consumer Issues
Topic: sony a7c full frame camera
Replies: 51
Views: 2308

Re: sony a7c full frame camera

Wow! These are awesome macro shots. Great job! Thanks for posting them for all to enjoy. j :D Aw but they are not macro shots :-). One of the nice features of the Tamron 100-400 is that you can focus as close as 4 1/2 feet. With a 600mm equivalent on a crop sensor camera, you are thus getting 12x m...
by midareff
Wed May 12, 2021 9:15 am
Forum: Personal Consumer Issues
Topic: sony a7c full frame camera
Replies: 51
Views: 2308

Re: sony a7c full frame camera

I like the dragonfly, excellent..... to me the flower colors are off on the bee shot or did you add saturation in PP?.
by midareff
Wed May 12, 2021 9:12 am
Forum: Personal Finance (Not Investing)
Topic: What prompted you to pull the plug and retire?
Replies: 126
Views: 12736

Re: What prompted you to pull the plug and retire?

I may have seen this quote on this forum, I don’t recall… “When you have enough and you’ve had enough”. Amen brother in a nutshell this was a description for me. wife is on-board, we live in FL, finances are 'acceptable' and getting healthcare insurance is possible through the ACA now. mic drop. --...
by midareff
Wed May 12, 2021 8:03 am
Forum: Personal Consumer Issues
Topic: sony a7c full frame camera
Replies: 51
Views: 2308

Re: sony a7c full frame camera

I'm sorry to tell you that more is on the photographer than the camera and lenses. I've shot Full Frame, APS-C, m4/3, and 1" and below sensors. Let me the first to tell you, if I am, that taking a crappy photo in any of those formats has the same result, it's still a crappy photo. I could be s...
by midareff
Wed May 12, 2021 7:42 am
Forum: Personal Finance (Not Investing)
Topic: What prompted you to pull the plug and retire?
Replies: 126
Views: 12736

Re: What prompted you to pull the plug and retire?

I hardly ever see this mentioned on Bogleheads, but I retired when I did because I wasn't good enough at my job any longer and wasn't being as productive or contributing as much as I wanted to. I wasn't told that and could have kept working. I did hold out maybe a few months more than I would have ...
by midareff
Mon May 10, 2021 7:51 pm
Forum: Personal Consumer Issues
Topic: sony a7c full frame camera
Replies: 51
Views: 2308

Re: sony a7c full frame camera

I'm sorry to tell you that more is on the photographer than the camera and lenses. I've shot Full Frame, APS-C, m4/3, and 1" and below sensors. Let me the first to tell you, if I am, that taking a crappy photo in any of those formats has the same result, it's still a crappy photo. I could be sh...
by midareff
Mon May 10, 2021 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: What prompted you to pull the plug and retire?
Replies: 126
Views: 12736

Re: What prompted you to pull the plug and retire?

I hardly ever see this mentioned on Bogleheads, but I retired when I did because I wasn't good enough at my job any longer and wasn't being as productive or contributing as much as I wanted to. I wasn't told that and could have kept working. I did hold out maybe a few months more than I would have ...
by midareff
Mon May 10, 2021 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: What prompted you to pull the plug and retire?
Replies: 126
Views: 12736

Re: What prompted you to pull the plug and retire?

rick51 wrote: Mon May 10, 2021 7:34 pm I may have seen this quote on this forum, I don’t recall…

“When you have enough and you’ve had enough”.
Amen brother
by midareff
Mon May 10, 2021 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: What prompted you to pull the plug and retire?
Replies: 126
Views: 12736

Re: What prompted you to pull the plug and retire?

LOL.... my normally hazel eyes turned dark brown indicating they had me filled nearly to the top with their .. OK, I can't say it here. .... and I had achieved my needed to go numbers. I really, really liked my job, the folks I worked with and all of that. I had watched my parents decline from their...
by midareff
Sun May 09, 2021 8:30 am
Forum: Investing - Theory, News & General
Topic: What is your favorite portfolio management tool or calculator?
Replies: 36
Views: 3833

Re: What is your favorite portfolio management tool or calculator?

Very simple way to track many categories of data you might be interested in is the free Morningstar Portfolio. It is free and can be customized almost endlessly. From there you can export the data any time you want and have it update Excel customized and programmed to calculate or graph anything you...
by midareff
Sat May 08, 2021 8:49 am
Forum: Investing - Theory, News & General
Topic: When will asset prices come down?
Replies: 84
Views: 5607

Re: When will asset prices come down?

Any guesses on when things will stabilize? Everything is up right now. Collector cars are up 20 percent from what I know. Real estate is red hot as you guys already know. Even luxury watches are up like PP or AP and of course Rolexes. How long do you guys foresee this to continue? Will it stay the ...
by midareff
Sat May 08, 2021 8:44 am
Forum: Investing - Theory, News & General
Topic: When will asset prices come down?
Replies: 84
Views: 5607

Re: When will asset prices come down?

newyorker wrote: Sat May 08, 2021 8:25 am Im purchasing s&p via DCA but wondering if I should splurge on other luxury goods like cars or watches.
might be a better time to splurge on an asset that doesn't go down when stocks do, and then when the house of cards fall that is the time to shop.
by midareff
Sat May 08, 2021 8:42 am
Forum: Investing - Theory, News & General
Topic: When will asset prices come down?
Replies: 84
Views: 5607

Re: When will asset prices come down?

RickBoglehead wrote: Fri May 07, 2021 6:30 pm 7/23/21
You are off by 2 .... although crystal ball is not sure if that is days, months or years..... or combination thereof.
by midareff
Thu May 06, 2021 4:40 pm
Forum: Personal Investments
Topic: Retirees: Monthly vs Quarterly vs Annual Distributions
Replies: 76
Views: 4876

Re: Retirees: Monthly vs Quarterly vs Annual Distributions

I'm close to retirement and was initially planning just to do one distribution each year, in December, and perhaps modify that distribution downward if the year was particularly bad. But then I thought, well, maybe a monthly actually makes more sense, in the same way that dollar cost averaging in t...
by midareff
Wed May 05, 2021 4:29 pm
Forum: Investing - Theory, News & General
Topic: Is the potential upside in munis worth the downside?
Replies: 67
Views: 6963

Re: Is the potential upside in munis worth the downside?

Ahhh.. the great unknown and Efficient Market thrown in as well. It's all baked in as long as group think and reality collide. If not, then it isn't so baked in. I'm not clear on what reality collision you're referring to being at play here. It's a simple over / under bet. CPI-U inflation either co...
by midareff
Wed May 05, 2021 4:04 pm
Forum: Investing - Theory, News & General
Topic: Is the potential upside in munis worth the downside?
Replies: 67
Views: 6963

Re: Is the potential upside in munis worth the downside?

I understand how they are voting with their wallets... just like tech buyers voted in 1997/98, and just like market buyers voted in 2007/8. Because someone, or a group of someones, or a whole herd of them vote with their wallet it doesn't mean the desired or expected ending happens. Projections and...
by midareff
Wed May 05, 2021 4:01 pm
Forum: Investing - Theory, News & General
Topic: Why isnt everyone buying TIPS?
Replies: 107
Views: 9234

Re: Why isnt everyone buying TIPS?

Robot Monster wrote: Wed May 05, 2021 12:39 pm
DMoogle wrote: Wed May 05, 2021 12:30 pm ...bonds are typically priced to beat inflation already...
If bonds are priced to beat inflation, then why is the 10yr Treasury yielding 1.59% if the 10 year breakeven is 2.42%? Isn't that a -0.83% real yield, equivalent to the 10yr TIPS yield?
Before tax ramifications that is.....