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Thanks @Ted...perfect article for my friend's 30 year old. I might even learn something.
Hope the next 46 years are as generous. What am I saying, I won't be around for it to matter.
oh, clearly this has often been a fantasy-fund site
I tend to relate John Bogle's concepts of Indexing to that of Henry Ford and the automobile.
"You can have it (a Ford Model T) in any color you want, so long as that color is black"
and,
"I will…
I invited him to read the thread (we welcome newbies)...I'll see if there are any follow up questions. Thanks again...I continue to follow @Ted's advice.
Thanks so far...
A REIT investment seems like a reasonable substitute for the MLP option. I have also wondered if funds like GASFX, GLFOX or a equal split of Vanguard etfs: (VPU/VNQ/VDE/VIS) would offer more diversification than an MLP investment.
…
POAGX, though presently - limited access.
BCSIX, Sml/Mid Cap Growth - also limited access.
Maybe others have idea on getting into one or both. Possibly directly through Fund company.
Primecap Odyssey Funds:
odysseyfunds.com/index.html
Brown Capi…
I despise "Bank of 34 States" (You can't call yourself "Bank of America" until you are located in all 50 states).
The last thing anyone should strive for is maintaining various account balances with "Bof34" as a strategy to multiply credit car…
I get the sense that Index funds will have a difficult time in the next bear market.
Index funds tend to fuel markets higher as the are forced to buy "the index" regardless of its valuation. Most investors are willing to ride the rising tide, but …
Recent Bond Commentary from USAA's John Spear:
Source:
https://communities.usaa.com/t5/blogs/blogarticleprintpage/blog-id/market-commentary/article-id/227
Thanks @Ted,
The state map (highlighted below) is an interesting topic of discussion.
I see CT has a strong trade relationship with France. I will assume UTC (Pratt & Whitney, Sykorsky, Hamilton Standard, Otis) has strong ties to the Aeros…
@VintageFreak said,
Besides VFINX + EDV probably equals Vanguard Balanced Index right?
PS - Is there a tool that can take ying-yang chart above, combine and draw a zen line showing how the portfolio value moved? I think that would be really useful,…
I started a separate thread asking David about MaxDD as well.
I'll link it here as these often get buried by the daily "Ted"al wave of other discussion topics.
mutualfundobserver.com/discuss/discussion/32809/mutual-fund-maxdd-calculations-how-to-…
Congrats!
From an investment stand point it's not the principal that you should be so happy to pay back, but the 20 years of interest that you are avoiding. In a sense this mortgage principal has now been re-positioned in your portfolio as home ow…
Worth a Watch...CSPAN episode which highlights the work of Philadelphia Inquirer, James B. Steele and Donald L. Barlett won the Pulitzer Prize for their reporting on the Tax Reform Act of 1986 (referenced by the Ritholz article above). (Gets interes…
she's on a roll
http://news.morningstar.com/articlenet/article.aspx?id=804419
I read your fatherly advice (M* comment) and also read this other M* comment added below. There's something about home ownership that goes far beyond the numbers, but it'…
Great Interview...thanks @Ted.
Many investment quotes...here are a couple:
"Losing half your money today requires you to double your money in the future (just to get back to even.)"
"I credit my incredible success in the market to selling too so…
I'm gonna approach this value play a little differently.
Fossil fuels, as a raw material (input cost), is necessary for many outputs. From the production of fertilizers to the making of plastics and paints...think Chemical products, instead of mer…
Thanks Ted,
The chart seems to be worth posting as a point of conversation so I took the liberty of adding it below.
Dodge & Cox seems to be in an enviable position of size (slightly smaller and possibly more nimble), lower fees, and number o…
Since I am mentioned in the thread title I wanted to first thank @Mark for following up on a question I had posted to him. Here's that thread for those scoring at home (Ted may need a second glass of wine). Here's my previous question to Mark and hi…
China now has its sites set on Robotics:
To get there, China has a two-pronged strategy. President Xi Jinping’s government wants local industrial robotics makers like E-Deodar Robot Equipment Co., Anhui Efort Intelligent Equipment Co., and Siasun Ro…
Thanks @Ted,
Some additional notes I have been accumulating regarding Roth IRA's mostly from Ed Slott"s Discussion Forum here:
Discussion Forum:
Understanding Roth IRA Inheritance:
Q: If my spouse passed away and I transfer his ROTH IRA into my ow…
Also...have your kid:
- Open an interest bearing bank account - fund it weekly or monthly
- Use this personal account to explain the 8th wonder of the world - compound interest
- Help your kid run a business - by cutting lawns, shoveling snow, babys…
Thanks for the post. Through your link was this link with lots of interesting S&P 500 data:
https://advisorperspectives.com/dshort/updates/2017/04/14/s-p-500-snapshot-down-1-13-from-last-week
Thanks @Ted,
I also like BCSIX. Presently closed, but I'm outside waiting for it to reopen. Concentrated in Tech and HC.
Anyone else have a favorite concentrated small cap?
Here's a 10 yr comparison between PXSGX and BCSIX:
A good thing to know about a 529 plan owned by a grandparent:
If a 529 plan is owned by a grandparent, a noncustodial parent or anybody else other than the student or a dependent student’s custodial parent, it is not reported as an asset on the FAFS…
@Old_Joe,
Thanks for commenting.
I added a note to my 1st post and it got me thinking about you out in SF...remember the movie Duel? I think it's time for a remake of this classic with an autonomous truck.
Thanks @LewisBraham,
Just some comments on your article:
The process of digitization does not create information, it codes information. You have to first have information to code it.
Information is digitized by first using analog input devices (k…
Weirdest interview ever:
Of (writer meant "If") you talk to advisors in the field or experts in technology, experts in the field, they're talking about the latest financial planning software, or the hot new rebalancing product. They're not talking a…
@Old_Skeet said,
Over the past couple of weeks I have watched the yield on the US 10 Year move from about 2.5% to 2.25%.
Isn't this the very dynamic that causes capital appreciation in Bond Funds that you may already own? This change in rate is abou…
Are the side effects to smoking still the same? If so, maybe instead of investing in the mine one might invest in the mine supplies...Oreos, Doritos, Subway meatball subs with extra veggies, oil and vinegar.
@Old_Joe said,
Because of that, our retirement asset allocation can be much more conservative than that of someone who needs a steady and predictable income stream
My interpretation of @MikeM2 comment was just the opposite of yours.
Since you don…
Understanding deep value stocks (picking out of favor stocks and, in BB case, under par bonds) and then executing deep value management (making buy/sell decisions as well as managing the turmoil that surrounds these out of favor securities) has been…
Nice summary of highlights @MikeM. Others that caught my eye:
Markets aren’t logical, they are psychological. That is why investing is so difficult and requires a great deal of planning and discipline to execute successfully.
Don’t let fear keep …
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