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t***n
发帖数: 546 | 2 参见
http://www.bogleheads.org/forum/viewtopic.php?f=10&t=98628
摘录某位网友的帖子：
Re: How to fire your adviser
by steve roy » Tue Jun 26, 2012 11:19 pm
For me, letting go of my broker/advisor of twenty-plus years wasn't a
problem.
I had been quietly seething for some time. Finally there was a meeting in
his palatial offices in Newport Beach, California. He and his sons (who
worked with him in the palatial offices) rolled out the pretty bar graphs to
show how my money had grown. When the presentation... 阅读全帖 |
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S**C
发帖数: 2964 | 3 It's satire, but IMO also a quite accurate description on what happened to a
lot of self-declared bogleheads during 2008. |
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f*******s
发帖数: 3046 | 4 有兴趣简化投资，问问高手bogleheads们
1）在vanguard还是在别的broker做？
2）全部portfolio在做还是一部分？
3）一年只rebalance一次？
4) 做几年了，效果怎么样？ |
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z********e
发帖数: 8818 | 6 (出处：wallstreetcn.com)这里follow bogleheads 的多吗？大家随便看看
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华尔街大佬Jack Bogle推荐：投资者必读的六本书
经济
市场
2012年12月27日 13:18
文 / 张澄
Vanguard基金创始人Jack Bogle是华尔街备受仰慕的大佬之一，在新年之际，他给出了
一份推荐书目清单作为献给投资者的新年礼物。
这份清单中共有6本书，都是被Jack Bogle视作投资必读的书目。
1. “The Intelligent Investor”
作者：Benjamin Graham，更新版本中有Jason Zweig的评论部分。
Jack Bogle评价：“这本书首次出版于1949年，这个经典中的经典有可能是有史以来写
得最好的投资书。Graham的文笔清晰易懂，为之后所有的投资类书籍打下了基础。”
2.“A Random Walk Down Wall Street (第10版)”
作者：Burton G. Malkiel
Jack Bogle评价：“Malkiel是一个普林斯顿经济学家，这本颇具影响力的书现在已经... 阅读全帖 |
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j****y
发帖数: 1714 | 10 I guess you miss the point and contradict yourself (emergency fund is
within
taxable account, not tax-advantage account. So foreign tax credit is
not a
problem).
Two benefits of putting stock index fund into taxable account as
emergency
money:
1) Foreign tax credit and
2) tax loss harvesting.
http://www.bogleheads.org/wiki/Foreign_Tax_Credit
http://www.bogleheads.org/wiki/Tax_Loss_Harvesting
The assumption is if the emergency money fund and international stock
fund allocation is already decided,... 阅读全帖 |
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r**m
发帖数: 1825 | 12 Mebane Faber (10 month average ~= momentum )
采用200天移动平均线作为操作标准，如果某asset class跌过平均线就卖出，持有现金
，不rebalance，直到买入信号出现，这个实际上market timing了，已经违背了
基本的index 投资的原则，但是 bogleheads 多人back test的结果都是出奇的好，
不仅可以有效避免两次大熊市，而且牛市表现也不俗。
The work of Mebane Faber demonstrates that moderately active management can
help investors avoid the worst of bear markets. Faber looked at five asset
classes - U.S. stocks, foreign stocks, real estate, commodities and the U.S.
10-year Treasury bonds. He used a simple buy rule, holdin... 阅读全帖 |
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r**m
发帖数: 1825 | 13 Mebane Faber (10 month average ~= momentum )
采用200天移动平均线作为操作标准，如果某asset class跌过平均线就卖出，持有现金
，不rebalance，直到买入信号出现，这个实际上market timing了，已经违背了
基本的index 投资的原则，但是 bogleheads 多人back test的结果都是出奇的好，
不仅可以有效避免两次大熊市，而且牛市表现也不俗。
The work of Mebane Faber demonstrates that moderately active management can
help investors avoid the worst of bear markets. Faber looked at five asset
classes - U.S. stocks, foreign stocks, real estate, commodities and the U.S.
10-year Treasury bonds. He used a simple buy rule, holdin... 阅读全帖 |
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M****e
发帖数: 73 | 15 "Bogleheads also like to use low cost index funds to hold international
stocks, so they can take advantage of economic growth in other countries.
Vanguard Total International Stock Market is one such fund that owns a
portion of most international public companies in both the developed and
developing worlds. International equity may or may not provide higher growth
than US equity over time, and it has historically been even more volatile
than domestic stocks. The amount held varies, but is normal... 阅读全帖 |
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m****a
发帖数: 2593 | 17 that is why you are supposed to increase the share of bond fund in your
portfolio when you are closer to retirement.
http://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_phil
John Bogle recommends "roughly your age in bonds"; for instance, if you are
45, 45% of your portfolio should be in high-quality bonds.
"Age in bonds" and its variants, (age - 10) or (age - 20), are only crude
starting points to be adjusted for the investor's circumstances; a key
circumstance being the presence or abse... 阅读全帖 |
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m*********t
发帖数: 1250 | 18 也是最近几年才开始学习投资，前面的回帖已经给出了不少好的建议，我再根据你的具
体情况补充一下：
看你的描述，估计你首先应该是对理财投资不太感兴趣，再加上10万年薪的工作应该也
比较忙，况且还有小孩需要你一个照顾，所以，你可以首先排除当房东或选个股投资，
这种需要花不少时间精力的投资方法。买房投资还有个很大的risk就是流动性太差，比
如你真需要急用钱，而房价正好处于下滑通道，那你不容易脱手，而且会损失惨重。
可以考虑买low-cost的index fund（即大盘指数），然后每月定投，每3-4个月或半年通
过调整新投入的钱来控制比例。
建议你把所有的投资分成几个类别，做一个asset allocation，可以参照，每种投资类
别不要互相覆盖，越简单清晰，越分散风险越好。
http://www.bogleheads.org/wiki/Three-fund_portfolio
具体来说，你可以考虑把9万存款如下分配：
1. 紧急资金（$15K）：找个1% interest rate的online saving，比如Barclay；
养好信用记录，手上留有少量的3-5张无年费的信用卡，要他... 阅读全帖 |
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z*******i
发帖数: 2904 | 21 同意楼上说的，楼主年级估计跟我差不多，target retirement fund大概都是80%-90%
左右的stock，现在的情况下收益不好很正常。但是你要想到这些钱你大概可能30年以
后才会用到，没必要因为短期的波动就惊慌失措了。
我觉得一般人如果不是对市场特别敏感的话，就按照Bogle的思路来就好了，买index
fund，buy and hold。好像也是buffet的思路。我理解的就是一般人没办法beat the
market，那就买指数基金，长期持有，compounding，时间会beat market的。
bogle老爷爷是vanguard的创始人。具体可以看看
www.bogleheads.org/wiki/Main_Page
另外还有bogleheads网站还有论坛，bogleheads forum，挺不错的投资理财方面的信息
讨论 |
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D*****t
发帖数: 558 | 26 GNMA has been discussed quite a lot at bogleheads.org, a website for
indexers. As far as i understand, it has the same level of credit risk just
as treasury. But it carries a particular type of risk called extension risk,
which i don't fully understand. Because of this, some people don't like
GNMA and prefer straight treasury for the purpose of diversification. Some
people would go so far as to ditch Vanguard Total Bond Market Fund just
because it has ~20% GNMA in its portfolio.
larry swedroe is... 阅读全帖 |
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j****y
发帖数: 1714 | 29 This has been studied by others mostly,
just read: http://www.bogleheads.org/wiki/Emergency_fund
a multi-tiered emergency fund could consist of:
1. Three months of expenses in cash (bank account or money market fund)
2. The next three months of expenses in CDs with the option to cash them in
for three months of interest
3. The next three months of expenses in a short-term Treasury bond fund.
Selling these would risk incurring some loss of principal due to interest
rate changes, but since the odd... 阅读全帖 |
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y*******8
发帖数: 162 | 30 本人是新人一个，在这个论坛潜水有些时间，看了版上的精华区和日常帖子，一些入门
的书籍，同时还有boglehead的wiki论坛，发现相关知识浩如烟海，名词术语一大堆。
不知道自己是否已经入门，现在有些问题，希望版上的大牛不吝赐教：
根据boglehead,
The general rule of thumb for investing priority is:
1. 401k/403b up to the company match
2. Max out Roth
3. Max out 401k/403b
4. Taxable Investing
关于第一点，我的理解是401k主要就是要拿到公司的match。请问一下大家对401K里面
的钱是自己管理投资还是设定一个bond/stock的比例，交给托管公司自己不管了。
第二点，每年4月18日开始，就可以投钱到IRA里面。是不是说4月18日一次性把5000钱
投进去呢？还是选择分批投进去？
关于IRA究竟开在哪个券商，版上提及好多，如vanguard,firsttrade,fidelty.我大致
看了这些券商，对... 阅读全帖 |
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D*****t
发帖数: 558 | 32 This is a philosophical question. :)
Bogleheads are like-minded people who consider investing as a long-term
commitment just like marriage; who absolutely don't have the intelligence to
make a killing by trading stocks or flipping houses; whose expectations are
pathetically low ( in the mid single digit range); who are cheapskates and
cry foul at any form of fees and taxes; who are very likely couch potatos
and have passive or passive-aggresive personalities; whose most adventurous
activities in... 阅读全帖 |
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r****m
发帖数: 1204 | 33 I would suggest the following:
1. 退休账户里bogleheads
2. 其他账户里50% bogleheads, 50%speculate |
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m****a
发帖数: 2593 | 37 can't agree more.
I have always been puzzled by those so called investors who think they can
beat the professionals in their own game.
We the average investor don't have the resources, time and energy (not to
mention the inside tips) the institution investors have. Most of our so
called investments are speculations at its best.
Close to 70% actively managed mutual fund can't beat the index.
So for an average investor like LZ who doesn't have time nor the discipline
for
the game, the best strate... 阅读全帖 |
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w******1
发帖数: 154 | 38 我看到了这个bogleheads principle:
http://www.bogleheads.org/wiki/Fidelity
这个里面有下面的 stocks:
US Stocks
Fidelity Spartan Total Market Index Fund (FSTVX)
Fidelity Spartan 500 Index Fund (FUSVX)
Fidelity Spartan Extended Market Index Fund (FSEVX)
Fidelity Spartan Mid Cap Index Fund (FSCKX)
Fidelity Spartan Small Cap Index Fund (FSSVX)
Fidelity Spartan Real Estate Index Fund (FSRVX)
International Stocks
Fidelity Spartan Global ex U.S. Index Fund (FSGDX)
Fidelity Spartan International Index Fund (FSIIX/FSIVX... 阅读全帖 |
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u****e
发帖数: 99 | 39 Google "boglehead forum" and "boglehead wiki". For long term investing and
retirement planning, Everything you need is there, and much more. Start with
"three fund portfolio". |
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w***n
发帖数: 1519 | 40 I don't think a boglehead investor would care about trend/momentum, or any
other particular market anomaly. It's about investing with simplicity,
diversifying, and staying with the course.
Of course, many want to tweak and add some parameters into it,
so that they feel that this becomes now their own strategy, which should
have been optimized because most people are self-considered above average
and deserve outperformance for that.
I believe you'll be fine if you just stay true to the boglehead ... 阅读全帖 |
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m*********t
发帖数: 1250 | 47 My 2 cents:
1) 根据你描述，你的房子大概价格为$280K+$260K=$540K，先把$280K的mortgage做个R
efinance，5/1 or 7/1 ARM都是可行的。
a) 比如5/1 ARM 3.25%，mortgage $280K，每月连本带利就是$1219。相比30Y Fixe
d的利率一般会低点，这样一来每月还款压力小点，而且你现在单身但5年后说不定会有
变化，房子到时候说不定会进行交易。我之前也在NoVA靠近DC短住过，单身8万多的收入
应该可以过得不错了~
http://www.mortgagenewsdaily.com/mortgage_rates/daily.aspx
b) 如果是投资小白的话，不建议cash out refinance，而是在你regular refi完后
，再找任意一家银行(比如BOA, US Bank, PenFed)开一个HELOC，相当于就是个额度很高
的“信用卡”，而且里面的钱可以任意支配。一般来说，HELOC的额度可以按照你房子8
0% 或 75%的Appraisal价格然后减去你的mortgage。... 阅读全帖 |
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发帖数: 1 | 50 我真的很好奇，你觉得我传销什么了？为什么在华人的圈子没有像bogleheads这样专业
的理财论坛，在mitbbs这样的论坛里理财板块竟然都充斥了薅羊毛的帖子。我不指望所
有人都是明白人，只要能启发一些人就够了。还有我自己的博客，写一些理财心得，算
是抛砖引玉，没有说我说的就是标准，大家有什么意见可以尽情发表，也算是互相交流
了。对那些不踏实说大话的，或者是动不动就说你是传销的人，我只有忽略不评价了。
我希望我的俱乐部可以发展成为像bogleheads这样专业的理财方面的论坛，我们只对理
财发表意见，交流想法，其余的讨论我统统会删除。
最近我们俱乐部里有一位20多年投资经验的前辈正在写一篇总结他／她这么多年投资经
验的文章，还没有写完，我现在分享给大家：
https://www.mitbbs.com/clubarticle_t/RetireASAP/31233985.html
我们在美国的华人多是聪明能干，其中不乏理财高手，只不过没有一个干净的平台给他
们发表意见。所以我真诚的邀请那些热爱投资理财的清流们加入到我们的RetireASAP理
财俱乐部。 |
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