S**C
发帖数: 2964 | 1 It is ironic that bogleheads brought up such cliche that 80% (or whatever
percentage) MM lose to index and at the same time use market-cap weighted
index.
What about AUM weighted active MM performance? I am sure the index will
still has tiny little edges, but the margin will be significantly smaller.
How about throw out high-fees and closet index funds? Vangaurd's active
funds anyone?
An average Joe trained tennis for a few days can say his tennis skill is
better than 80% or maybe 90% world popu... 阅读全帖 |
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B*********t
发帖数: 105 | 13 Assets
Very Efficient:
Tax-managed stock funds
Large-cap and total-market index funds
Efficient:
Small-cap or mid-cap index funds
Value index funds
Low-yielding bonds or cash
Moderately inefficient:
Balanced funds
Most bonds
Active stock funds
Very inefficient:
Real estate or REIT funds
High-turnover active funds
High-yield bonds
http://www.bogleheads.org/wiki/Principles_of_Tax-Efficient_Fund |
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S**C
发帖数: 2964 | 16 If you are a boglehead, you should do nothing;
If you are passive investors using active funds, your fund managers probably
already take necessary steps.
If you are active-active or active-passive investors, unless you have a
really good crystal ball, what you do probably will not be good for your
financial health, especially for people who is asking what should we do at
the moment of time. |
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y*******8
发帖数: 162 | 17 本人新手，在论坛潜水好些时间，有个问题向版上大牛请教：
按照boglehead的以下说法：选择rothIRA 还是traditional IRA 就是看你现在的收入
和将来的收入那个高。
“The main reason to prefer one type of account over the other is the
comparison of marginal tax rates. If your marginal tax rate now is higher
than your estimated marginal tax rate at retirement, then the traditional
account is better; if it is lower, then the Roth account is better.”
那么如果说觉得自己未来海归的可能行很大，是否说选择traditional比较好？？如果
你在回国不久或者等到60岁的时侯取出，不是美国公民，不需要报税，在美国的收入为
零。不知道我的理解对吗？
希望哪位能够指点迷津，谢谢！
Withdraw... 阅读全帖 |
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a*******t
发帖数: 867 | 18 这里有各Index 的收益表。有３个问题请教：
１。 这些年收益是否包含了Dividend，还是仅仅是Index的变化？
２。 １９９８年的经济格局是啥？Small-Cap 跟其他的 Index比较差了非常多。
３。 ２０００和２００１年有经济危机。但是Small-cap 的表现比其他Index 的都好
很多。难道这意味Small-cap 更能抗跌？当然２００７年Small-cap的表现就差很多了.
http://www.bogleheads.org/wiki/Small_Cap_Index_Returns
Thanks |
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w***n
发帖数: 1519 | 19 It's not that difficult to understand: There are always outstanding someone
who can beat index, be it stock index or bond index.
Boglehead's approach is for ordinary people. If you are extremely good and
you know what you are doing, why would you want to buy index fund and
diversify? |
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n******h
发帖数: 2544 | 20 最近在学习这本书，Common Sense on Mutual Funds Fully Updated 10th
Anniversary Edition，是Vanguard的大老板写的。
So far很多结论都有数据支持，比如timing market十分困难，成功者寥寥。Beat
index很难，例外者如巴菲特都不是time market的风格。
但是书里面隐含一个冰冷的结论：
如果是稳健的Boglehead投资风格，那么也许根本不该在有mortgage的情况下去做投资
，而是应该尽快付清贷款。
我是这么理解这本书的：
1. 长期股票基金的费用前收益在7%左右，唯一例外是1990-2000，年化达到17%。
2. 基金的费用大约在2%左右，包括管理费，基金买卖股票交易费等等。
3. 如此得到净收益也就在5%左右，假设我退休前要用钱，那么税基还是比较高。扣除
30%税收以后，税后收益也就在3.5%左右。
4. 30年房贷利率APR最低也在3.5% - 4%区间，虽然有部分退税的deduction，看来还是
只有微小的利润空间，连抵御2%通货膨胀的能力都不足了。
既然如此折腾，也不过是将... 阅读全帖 |
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w***n
发帖数: 1519 | 23 Don't take my words or anyone's words too seriously.
Do take your hard-earned money seriously. Spend some time to educate
yourself before you invest.
As a starter, here is an informative wiki page:
http://www.bogleheads.org/wiki/Main_Page |
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q****x
发帖数: 7404 | 24 有人用TurboTax吗？按TurboTax的指令，backdoor Roth会影响报税，怎么回事？详情
如下：
TurboTax -> Federal Taxes -> Deductions & Credits -> Explore All
选Retirement and Investments，再Visit All。
这时会问有没有contribute traditional IRA和Roth IRA。backdoor Roth到底算
contribute traditional，还是Roth，还是都算？
试着只选了traditional，问是不是repayment of distribution，选否。问数目，填5
千。
这时会问How much you transferred to Roth，TurboTax是这么说的：
How much of the $5000 you contributed to a traditional IRA for 2012 did you
switch, or "recharacterize"(this does not conversion o... 阅读全帖 |
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r**m
发帖数: 1825 | 25 no, it doesn't include Roth IRA
http://www.bogleheads.org/wiki/Backdoor_Roth_IRA
If you have any other (non-Roth) IRAs, the taxable portion of any conversion
you make is prorated over all your IRAs; you cannot convert just the non-
deductible amount.[2] In order to benefit from the backdoor, you must either
convert your other IRAs as well (which may not be a good idea, as you are
usually in a high tax bracket if you need to use the backdoor), or else
transfer your deductible IRA contributions to... 阅读全帖 |
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S**C
发帖数: 2964 | 27 Originally published on 05-20-2004 by Petrocelli, and it was a great read,
cannot help laughing. Love it.
-------------------------------------------------------------------
Last week, WL attended Diehards IV to attempt to investigate rumors that it
was a religious cult. These rumors had been circulating in the Diehard Forum
for several years, and were perpetuated by those who opposed indexing.
When I arrived at the reunion, I first spoke with Diehard Mel Lindauer. (
Notably, Mel also had interv... 阅读全帖 |
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S**C
发帖数: 2964 | 28 1 Develop a workable plan (If that plan doesn't work, be prepared to change
it when the market tanks.)
2 Invest early and often (Except during those times when you can't bear to
look at your account and you're selling)
3 Never bear too much or too little risk (If you're implementing Plan B, it
's your own fault because you took too much risk.)
4 Diversify (When exercising Plan B and selling like crazy, keep your sales
in proportion to your pre-crash allocation.)
5 Never try to time the marke... 阅读全帖 |
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n******n
发帖数: 12088 | 29 看不懂。反复提到b计划啥意思？
change
to
it
sales |
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w***n
发帖数: 1519 | 32 拿自己辛苦挣的钱不当钱？花点时间学习研究吧。
google bogleheads |
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m*****o
发帖数: 110 | 33 Common Sense on Mutual Funds, John C. Bogle
The Bogleheads' Guide to Retirement Planning, Taylor Larimore |
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f****y
发帖数: 426 | 34 lol
那我一边在退休账户里bogleheads，一边在其他账户里主动投资，一定是精分了
to
are
them?
allocation |
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S**C
发帖数: 2964 | 35 The Prophet is always more flexible than the acolytes.
And stick to the bogleheads 10 Commandments
1 Develop a workable plan (If that plan doesn't work, be prepared to change
it when the market tanks.)
2 Invest early and often (Except during those times when you can't bear to
look at your account and you're selling)
3 Never bear too much or too little risk (If you're implementing Plan B, it
's your own fault because you took too much risk.)
4 Diversify (When exercising Plan B and selling lik... 阅读全帖 |
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D*****t
发帖数: 558 | 36 :) We, the acolytes and loyal subscribers to His Prophet's general rules,
forgive his sins.
In all seriousness, advocating indexing is more constructive than simply
poking fun of it. you can be in favor of being passive aggressive, but low-
cost indexing as a simple way to execute modern portfolio theory seems a no
brainer to lots of us and has benefited the general public. The wisdoms of
Bogle apply not only to Bogleheads, but to smart passive-aggresive investors
too. |
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k*******n
发帖数: 5546 | 39 假如全都投ETFs, 我目前这个ETF Portfolio 肿么样？求意见 : )
S&P 500 ETF (VOO) 30%
Small-Cap ETF (VB) 10%
Small-Cap Growth ETF (VBK) 10%
FTSE Developed Markets ETF (VEA) 10%
FTSE Emerging Markets ETF (VWO) 10%
Consumer Staples ETF (VDC) 5%
Energy ETF (VDE) 5%
Total Bond Market ETF (BND) 20%
有个疑惑：
VOO? VTI? 还是VV?
VTI里有一点Small Cap，和后面重复了; VOO和VV看不出区别，选了个费率低的，对吗?
标普500是不是涨得慢但稳健，适合我这样的长期持有？
这里有个帖子在讨论:
http://www.bogleheads.org... 阅读全帖 |
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D*****t
发帖数: 558 | 42 http://www.bogleheads.org/wiki/Expense_ratios
Net is the one that directly affects investor. Posted fund return is after
expense. And yes, even if the return is negative, you still have to pay for
the expense.
In general, ERs of index funds are inherently lower than actively managed
funds. vanguard's ERs ( Fidelity too) are known to be significantly lower
than others. This includes its actively managed funds. |
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l***a
发帖数: 38 | 44
谢谢！boglehead听说过不过还没时间系统看。
这个spread到一年听起来不错，具体操作起来就是每个月按照比例买比如说us market,
internation market, bond三个fund? (我打算用vanguard)？有没有什么更加优化点
的策略比如说每隔30天左右找大盘调整超过一定点数那天买？还有是不是值得先把所有
钱折腾到一个有一定短期回报的账号里？（这笔钱因为买房已经在checking account里
呆了一年多了没有任何收益很郁闷）
还有这个数量的钱如果做尽量简单处理的话是自己搞定就差不多了还是最好请理财顾问
咨询一下比较好，就怕自己犯比较低级的错误。 在考虑wealthfront之类的公司。 |
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b*******d
发帖数: 353 | 45 我是觉得不到百万没必要搞理财顾问
我就拿boglehead的lazy portfolio，自己按比例买，每半年rebalance一下就好了
disclaimer：自己的钱自己拿主意 XD |
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h***n
发帖数: 1600 | 49 你那个如果是税后的，那CPA就是骗你的。你可以问一下American Funds倒底是税后还
是税前traditional IRA。而且5000IRA,乘以28%, tax也只有1400，既然要补交tax几千
，你还是要罚款的呀，只不是少罚一点而已。而且如果你只有从雇佣公司来的收入，雇
佣公司扣tax应该都是只多不少的, 不会少交的。并且,按你的28%tax工资收入，应该是
不能购买deductable traditional IRA。 自己看这儿: http://www.bogleheads.org/wiki/Non-deductible_traditional_IRA
如果是税后的traditional IRA，保留好Form 8606,你以后退休时拿钱报税时要用到的。 |
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