Comments on: Is there something better than Vanguard? http://blogs.reuters.com/felix-salmon/2012/11/12/is-there-something-better-than-vanguard/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Jamey Mangubat http://blogs.reuters.com/felix-salmon/2012/11/12/is-there-something-better-than-vanguard/comment-page-1/#comment-55597 Sun, 19 Oct 2014 15:51:29 +0000 https://blogs.reuters.com/felix-salmon/?p=19412#comment-55597 One thing is the fact that one of the most common incentives for using your credit card is a cash-back or maybe rebate present. Generally, you will get 1-5% back with various acquisitions. Depending on the credit cards, you may get 1% in return on most acquisitions, and 5% in return on acquisitions made using convenience stores, filling stations, grocery stores plus member merchants’.

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By: Rudy200 http://blogs.reuters.com/felix-salmon/2012/11/12/is-there-something-better-than-vanguard/comment-page-1/#comment-44644 Thu, 15 Nov 2012 06:28:37 +0000 https://blogs.reuters.com/felix-salmon/?p=19412#comment-44644 I checked the WealthFront site, and in 2008, 5 of their investment categories sank in tandem with the market. Only one of the six, the bond fund, increased in value. So I don’t understand the value of diversification in preventing investor panic when there is a market crash.

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By: sipples http://blogs.reuters.com/felix-salmon/2012/11/12/is-there-something-better-than-vanguard/comment-page-1/#comment-44605 Wed, 14 Nov 2012 10:18:21 +0000 https://blogs.reuters.com/felix-salmon/?p=19412#comment-44605 You don’t need a tax loss harvesting strategy in a 401(k) (or other tax-advantaged account) if you make qualified withdrawals.

However, 401(k) contributions are ordinarily capped at $17,000 (tax year 2012) for those under age 50. You may or may not be able to contribute an additional $5,000 to an IRA (Roth IRA, for example) — somewhat more if you’re older — depending on your income. Some people are able to save more than these limits, in which case they could benefit from tax loss harvesting. And many people save for reasons other than retirement. So while tax loss harvesting isn’t useful for everyone it is useful for many.

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By: f.fursty http://blogs.reuters.com/felix-salmon/2012/11/12/is-there-something-better-than-vanguard/comment-page-1/#comment-44594 Wed, 14 Nov 2012 06:11:29 +0000 https://blogs.reuters.com/felix-salmon/?p=19412#comment-44594 But why would you need a tax loss harvesting strategy for a retirement fund that is, presumably, in a 401K?

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By: mfw13 http://blogs.reuters.com/felix-salmon/2012/11/12/is-there-something-better-than-vanguard/comment-page-1/#comment-44588 Wed, 14 Nov 2012 02:52:11 +0000 https://blogs.reuters.com/felix-salmon/?p=19412#comment-44588 The real questions that nobody is discussing are the following:

1) How can you target a specific date when nobody knows when they will retire or how long the will live?

2) Is diversification (both of risk and asset classes) still truly possible when the entire world economy is becoming more and more linked as each day passes?

Also, have to second (and third) TFF’s comment….too many people manage for return without managing for risk.

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By: dsquared http://blogs.reuters.com/felix-salmon/2012/11/12/is-there-something-better-than-vanguard/comment-page-1/#comment-44550 Tue, 13 Nov 2012 07:08:08 +0000 https://blogs.reuters.com/felix-salmon/?p=19412#comment-44550 “when Wealthfront CEO Andy Rachleff launched into his spiel by telling me how deeply his firm’s philosophy was rooted in Modern Portfolio Theory, I didn’t exactly light up with enthusiasm”

“Modern Portfolio Theory” is about as modern these days as Art Nouveau is new. Ask Taleb what he thinks about it – it’s a theory of portfolio diversification based on the existence of stable correlations and beta factors, which is why I would be very, very very suspicious of those drawdown charts and claims to have carried out tail hedging.

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By: qianliu http://blogs.reuters.com/felix-salmon/2012/11/12/is-there-something-better-than-vanguard/comment-page-1/#comment-44549 Tue, 13 Nov 2012 07:00:42 +0000 https://blogs.reuters.com/felix-salmon/?p=19412#comment-44549 Hi I lead the development of the tax-loss harvesting strategy at Wealthfront. Just want to clarify how we swap ETFs — When we detect a harvesting opportunity, we sell the ETF at loss and buy another ETF that tracks a different but highly correlated index. The consensus among the tax experts we consulted is that ETFs tracking different indices are not “substantially identical” as far as IRS wash-sales rule concerns. For example, for US equity, one can swap between Russell 3000, MSCI US Broad, FTSE US and others. These indices are different but highly correlated with correlation approaching 1.0. The diverse indices as well as the ETFs tracking them in the market made this strategy possible. For more details please refer to our white paper: https://www.wealthfront.com/whitepapers/ tax-loss-harvesting

Best,
Qian Liu, PhD, CFA
Wealthfront

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By: TFF http://blogs.reuters.com/felix-salmon/2012/11/12/is-there-something-better-than-vanguard/comment-page-1/#comment-44546 Tue, 13 Nov 2012 02:08:55 +0000 https://blogs.reuters.com/felix-salmon/?p=19412#comment-44546 Heh… There really wasn’t any place to hide in 2008! Looking at those dates, my own stock investments fell nearly 50% along with the market.

Guess I was too busy buying more to take notice at the time. :) Not nearly as much fun if one is near retirement when it happens.

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