Reducing transaction costs: cross trading and in-kind redemption

One of the main arguments for investing in passive index funds is the relative assurance of reaping a fair share of market returns. But as market benchmarks bear no costs, an index fund manager needs to reduce frictional costs in

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Posted in Market statistics, Vanguard

Telling Tales – 2017 update

This article provides updated Telltale charts, including 2017 returns. It focuses on the relative past performance of value and size factors compared to the total US market, as well as studying international and real estate funds. 
Using Telltale charts can be very informative, truly ‘telling the tale’ of what happened over time to portfolio trajectories, illustrating return to the mean properties, or lack thereof.

Posted in Asset allocation, international stocks, Market history, Market statistics, Portfolios, REITS, Value premium

Sacramento Area Bogleheads Meeting Summary (February 10, 2018)

This article is composed by Bogleheads® forum member digarei   Our penchant for greed, even if unconscious, can impact our thinking during periods of low volatility in the markets. The frenetic reporting of last week has dissipated as quickly as

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Posted in Boglehead local chapters

Under the hood – Vanguard international index funds in 2017

Vanguard issues annual reports for the firm’s international and global index funds on October 31 of each year. The reports provide information that can highlight some of the underlying conditions affecting a fund’s future capital gains distribution outlook; an indication

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Posted in international stocks, Market statistics, Vanguard

Simba backtesting spreadsheet: miscellaneous topics

This blog article is the fourth of a series intended to document the inner workings of the Simba backtesting spreadsheet. […]
The intent of this fourth article is to address a few miscellaneous topics (e.g. end label on charts, compatibility issues, spreadsheet analytics).

Posted in Asset allocation, Market history, Market statistics, Portfolios

Simba backtesting spreadsheet: advanced topics

This blog article is the third of a series intended to document the inner workings of the Simba backtesting spreadsheet. […]
The intent of this third article is to elaborate on more advanced topics (e.g. unbalancing, safe withdrawal rate, etc). We’ll notably discover that a Safe Withdrawal Rate is just a simple harmonic mean.

Posted in Asset allocation, Market history, Market statistics, Portfolios

Simba backtesting spreadsheet: risk metrics, risk ratios

This blog article is the second of a series intended to document the inner workings of the Simba backtesting spreadsheet. […]
The intent of this second article is to elaborate on how risk metrics (e.g. volatility, drawdowns, etc) and risk ratios (e.g. Sharpe, Sortino, etc) are computed.

Posted in Asset allocation, Market history, Market statistics, Portfolios

Simba backtesting spreadsheet: a layered structure

This blog article is the first of a series intended to document the inner workings of the Simba backtesting spreadsheet. […]
The intent of this introductory article is to elaborate on how the spreadsheet is constructed, and provide an overview of its layered structure.

Posted in Asset allocation, Market history, Market statistics, Portfolios

2018 South Florida Local Chapter Meeting

The following guest post is courtesy of South Florida Local Chapter members Lazy Nihilist and Miriam2.   We had our 2018 South Florida Bogleheads Chapter meeting on Sunday from Noon to 2pm. It was great to meet fellow Bogleheads with

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Posted in Boglehead local chapters

Vanguard stock index fund turnover in 2017

  Vanguard’s suite of U.S. stock index funds are benchmarked to CRSP indexes. In addition, Vanguard offers sets of U.S. exchange-traded funds benchmarked to Russell and S&P indexes. In 2015 the CRSP index funds had lower turnover rates  in most style categories when compared to the Russell and S&P funds. This continues a trend established […]

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Posted in indexing
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