Monthly Archives: February 2018

CAPE and Safe Withdrawal Rates

Michael Kitces wrote an intriguing article in 2008, which notably quantified the (empirical) relationship between the Cyclically Adjusted PE ratio (aka CAPE) and safe withdrawal rates (SWR) of subsequent retirement cycles. This blog article extends this study, adding ten more years of data (i.e. up to 2017), and then ponders about the practical applicability of such findings.

Posted in Market history, Market statistics, Retirement

Interview with Taylor Larimore, author of The Bogleheads Guide to the Three-Fund Portfolio

Taylor Larimore, affectionately known as “the dean of the Bogleheads,” will soon (June 26, 2018) see the publication of the third Bogleheads Guide book, The Bogleheads Guide to the Three-Fund Portfolio. Taylor has kindly agreed to answer a few questions

Tagged with:
Posted in Bogleheads

Bogleheads® Forum turns eleven

On February 19, 2007, some fifty intrepid investors took a leap and signed up to get a new Bogleheads forum up and running. For the math challenged, that means this coming February 19, 2018, the forum will be eleven years

Posted in Bogleheads

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

Tagged with:
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

Tagged with: ,
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

Tagged with:
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
February 2018
M T W T F S S
« Jan   Mar »
 1234
567891011
12131415161718
19202122232425
262728  
Archives
Categories
Follow Financial Page on WordPress.com