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rjb112
Well thanks for all your great instruction and telling me about it.
Schwab has some ETFs with very low ERs.
Yes, SCHB, the Schwab US Broad Market ETF has an expense ratio of .04%
I believe this is the lowest expense total market vehicle out there, period.
SCHH, the Schwab US REIT ETF has an expense ratio of .07%, w…
It does not follow that because most individuals won't beat a market that all will not -- or should even feel they need to measure their returns against that market.
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Certainly so mrdarcy.
And Bogle knows this. His son is an active…
Amazing 15, 10, 5, 3 year performance record.
The 5 year return has to be some sort of record for the record books.......
Who are these people?
Will need to look into this a bit
"So there is a large umiverse of stocks that are not in the index."
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I'd like to understand this better.
The Vanguard Total Stock Market Index Fund has 3,684 stocks in it.
By my estimation, it should contain the full universe of U.S. Meg…
There's a stock market out there that we all own together and it’s worth, say, $17 trillion today. About 30 percent of it is owned by people who have figured it all out and they own the total stock market by owning everything in it and never trading…
To Mr. Winter's credit, he's in at over $1M:
He does not publish an absolute amount however.
Anxious to see also how Wintergreen responses to the recent queries from heezsafe and rjb112.
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Charles: I'd like to see the "skin in the g…
Thanks rbj112
Yep - I'm aware of Bogle's latest "edition" (Bogle 2.0?). However, not too sure that was his position 20 years ago when his bond/equity/age formula was widely discussed by him and garnered considerable public attention.
Yes - he woul…
Hi hank,
Not Cman ... but, I look forward to be reading what he has to say.
For my base line equity allocation I use 110 minus my age. For me this results in a base line for equities at about 45%. Anything above this would be overweighting and a…
cman: You said : "On close examination, some of these rules contradict each other or contradict other wise views say from John Bogle."
I get the feeling you are a big fan of Bogle. Just wondering how you feel about his widely cited recommendation t…
"some of my better investing decisions have come to me while I sat in church. One Sundy, the minister directed a comment to me. He said ... "I can see, xxxxx, you are in deep thought about something and not listening to my sermon! Would you care to …
"Book Excerpt
All you need to know about business in China
Six big trends are shaping the country’s future, as investor Jeffrey Towson and McKinsey’s Jonathan Woetzel explain in this excerpt from The One Hour China Book.
April 2014 | by Jeffrey Tows…
@MJG: Glad that your eye surgeries were successful.
thanks for that write-up.
I registered online for the Las Vegas MoneyShow weeks ago, and viewed a few presentations. Unfortunately, they had quite a bit of technical difficulties, so was unable to…
@heezsafe
Well, I didn't get very high up. Definitely not one of the portfolio managers or analysts. But further up the mountain than shareholder services, who I believe is in Boston. At least I got to speak with someone in the Dodge and Cox buil…
Yeah, Morningstar lists a full 2013 year return. The fund website lists May 1, 2014 as the inception date. I'm on the phone with Dodge and Cox shareholder services trying to get an answer. They are Not having an easy time answering the question! …
Roger Ibbotson wrote an annual investing classic, that all the pros would read. Per M*, below:
"He has written numerous books and articles including Stocks, Bonds, Bills, and Inflation with Rex Sinquefield (updated annually) which serves as a stand…
. Ibbotson and Andrew Lo are both brilliant, but both should probably keep their day jobs at Yale and MIT, respectively.
Kevin
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Speaking of Andrew Lo, he was just on WealthTrack (May 2, 2014). He said that almost everyone should have 5-20%…
There is a related exchange traded note, symbol CAPE.
Not a Doubleline product, but deserves comparison to the DSENX.
Both deserve study, as the Shiller CAPE ratio is being talked about more and more each day.
Rjb112 -- Bruce was ALWAYS on the money shows or in the trade press chatting himself up and taking a victory lap. When shareholders called him on it, especially since AUM were ballooning. Bruce's retort was that all of this made for an extremely eff…
What shim my faith in FAIRX more than his portfolio moves was: (a) the number of really odd personnel issues he has had over the past 10 years, his judgement in this regard has been spotty if not poor at times; (b) his traveling road show schtick at…
"A new study finds that the average investor in all U.S. stock funds earned 3.7% annually over the past 30 years—a period in which the S&P 500 stock index returned 11.1% annually."
I find that very hard to believe. You'd have to work very hard …
John Templeton was just great. And very practical. He used to be interviewed by Louis Rukeyser every January, and lay out a simple investing roadmap for the non-professional investor to follow for that specific year. I subscribed to Rukeyser's in…
@Maurice. Regarding what you said, "When I first was looking at FAIRX more than 10 years ago, Berkowitz had at least a third of the fund invested in Berkshire Hathaway. So if this style of investment makes you queasy, I can understand that. But Ber…
Anyone who likes this kind of strongly opinionated and focused play should, I'd suggest, take a position in CGMFX, and FLVCX too, though Soviero does diversify significantly compared with Berk and Heebner.
@davidmoran: Interesting comment. I would …
Bruce once stated he managed his portfolio as if his clients had all of their money invested with him (Wealthtrack interview). In late 2010, I noticed he changed the portfolio drastically; I sold. Fortunately, I did not get hurt by the big drop th…
Just looked at it. It gives CGM Focus an A+ down market rating and B up market rating.
As Charles said, hard to follow in the Scribd format.
IIRC, Heebner did very well in 2000 and 2001, which might have gone into their down market performance rat…
@cman:
1. What are some of the "sky is falling fund" choices out there? I'm not familiar with these. Can you name a handful of them?
2. What is your assessment of the valuation of REIT funds now, with respect to a value investor proposition of, …
OK, the 2% is very good for a safe fixed income investment right now. Better than CDs and Treasuries. But.....they lock you in for some years into the future, and you have to pay surrender charges to get out. So if you don't like the interest rat…
However, this doesn't account for the fact that there was already some drawdown that took place in stock markets from October 2007 to May 1, 2008 when the fund opened, which makes the case just a bit worse for DODWX. Incidentally, I'm a big fan of …
A 62.5% drop! Wow......surprising for a global stock fund run by value investors with a stellar reputation. I would not have guessed that. Of course this speaks much more to the devastating drawdown experienced by global stock markets themselves.…
@Charles: They replied to my email request for a point of contact and email address, and even upped the ante and provided the point of contact's phone number. My point of contact works with David Winters at the adviser. I just sent them a letter …
