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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
One important difference between the two funds aside from the international exposure is credit risk. VGWAX takes on more credit risk than VWELX in its bond portfolio because it has a different benchmark for bonds that has more BBB rated debt exposur…
Let's say you have a money manager with a $100 million fund that goes up, say, 200% in one year. Say, $10 billion of new money pours into the fund as a result. The hedge fund manager charges a 2% expense ratio. The next year the fund is down 50%. By…
@Jojo26 It may be wage-related for some, but how about those living paycheck to paycheck (or close to it), but they still have iPhones, iPads, go out to eat and drink regularly, and basically just spend frivolously 100% of the time
Are you with ever…
Financial literacy... The world's most serious issue.
Not even close. See how folks in Portland are handling 115 degree weather today. Now Imagine ten or twenty degrees hotter in places that have no electricity. Imagine living for generations by a…
This is an interesting development for ESG investors. The Engine No. 1 ETF will be seeded with $100 million, has a 0.05% expense ratio, invests like the S&P 500 and will finally vote the right way on ESG issues: https://etf.engine1.com/ That mea…
The average employee has trouble often understanding how a 401k works in many cases let alone cryptocurrency. I find the "personal responsibility" argument to be a hackneyed one I often hear emerging from libertarians. One response I have to that--a…
@MSF I think it's a mistake to assume the largest holding by assets--RPIEX--in a hedged fund like TMSRX is naturally the primary driver of its performance. Hedged funds often make extensive use of derivatives and those can have a small weighting ass…
Most absolute-return hedged or hedge funds that seek to outperform in a down market and "never lose money" over an extended period of time often use T-bills as their benchmark. More interesting, I think when examining a fund like this one is how wel…
This may make more sense remaining as a private separately managed account strategy for high net worth investors than a public open-end mutual fund. Venture capital investments to any great degree inside public mutual funds have proved problematic i…
An excerpt from the above-linked Atlantic article that highlights the problems for workers and why comparisons to old institutional workers in the military and elsewhere aren't apt. And note this article was from five years ago. Things are actually …
@Old_Joe For what it's worth considering the source: https://military.com/join-armed-forces/military-vs-civilian-benefits-overview.html
Actually, here's a better article: https://theatlantic.com/business/archive/2015/12/military-versus-private-sect…
Not every one wants to move and leave their relatives, friends, favorite shops, teams, restaurants, house and language, etc. behind. But the "Oh no, the rich will flee" issue can be resolved with tax treaties with other nations like Switzerland, ins…
America has lost the sense of community it had during and shortly after the two world wars and returned to its self-interested "rugged individualist" state. During those wars and shortly-after, two important things happened--tax rates went up signif…
The opacity, high fees, and the perhaps "too-good-to-be-true" element concerns me as well. It's not enough to see a fund has performed well. One has to ask why, then ask if that performance is repeatable, which you can't know without knowing why it …
@little5bee I'm not sure if you're joking but I don't think that's the strategy and only reflective of current positioning. This fund has outperformed its peers every single calendar year since its December 2013 inception with a very high expense ra…
One of the things I find hilarious and absurd about the usual libertarian money manager rants about government waste and bureaucracy is that these managers almost never talk about corporate bureaucracy. It's as though they've never been on hold with…
@MSF Perhaps I should have said that Vanguard index ETFs because of their unique structure are no more efficient than Vanguard index mutual funds but more efficient than competing mutual funds. Yet there are unique risks to the structure and I don’t…
@Tarwheel The only advantage of ETFs in these cases would be the potential ability to get better prices for sales or buys during the day rather than end-of-day prices.
The other advantage of ETFs is portability. You can trade those ETFs cheaply or f…
Few have answered Golub1's original question, but have provided rather the exceptions such as FCNTX and FLPSX that prove the rule: Many active funds underperform their benchmarks, which ETFs can track at a much lower cost. And now active ETFs can al…
Hilarious headline: "Petrostates See Dire Consequences If World Rejects Oil Too Fast." Companies like Exxon have known about the threat anthropogenic fossil-fuel driven climate change posed for over 40 years: https://scientificamerican.com/article/e…
@Baseball_Fan You clearly don't know what Marxism is if you believe any multinational corporation like Nike could support it. Wokeness or pretending to be "woke" has benefited Nike's bottom line: https://theguardian.com/media/2019/may/23/woke-washin…
I think what the anti-woke investment crowd want most is a Time Machine Fund to return to the 1950s or a White Supremacy ETF. “Woke” has become one of those nebulous culture war terms the right uses to attack the left without actually committing to …
Are you saying you want companies that don't apply fundamental anti-discrimination laws: https://ftc.gov/site-information/no-fear-act/protections-against-discrimination What exactly are you seeking? For most companies that's all "woke" really means.
@Baseball_Fan Ever hear the saying it is better to light one candle than to curse the darkness? You can rationalize any deed with the reductive cynical specious logic you applied. If you feed one hungry person, you can say well there are a million m…
Wood may be on a mission from God to find the best tech investments, but even God can't stop China, which controls the cryptocurrency market, from regulating it out of existence if need be. If the U.S. government piles on, I would think it's done.
Haven't read this entire thread so I'm not sure if it's been mentioned yet, but one's personal life expectancy must be factored into this decision. Are you from a family where everyone has lived past 90? Then take Social Security later as you'll nee…
Although that is possible, I think what is interesting is just how angry people in general get about almost everything now and the fact that he called him at 2 AM! No sense of boundaries.
My impression is yield is 2.47%, but more important is to understand the overall strategy which you can get a glimpse of here: https://troweprice.com/literature/public/country/us/language/en/literature-type/annual-report/sub-type/mf?productCode=GUN…
