bonds

Wise Words From Warren Buffett

by Michael on Mar 6, 2014

Warren Buffett’s annual letter to shareholders has always been a treasure trove of investing insight. This year’s letter, which was recently released, is no different. Among other things, Buffett urges individuals to stay within their “circle of competence,” saying that: “Most investors, of course, have not made the study of […]

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This is a bit random, but I was recently looking at our bond holdings and noticed something that I thought was worth mentioning… As it turns out, our tax-exempt municipal bonds are currently paying more than our taxable bonds. The absolute difference is slight, but it’s still somewhat unexpected. For […]

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Stock Market Holidays

by Michael on Jan 22, 2014

On Monday, I found myself wondering if the stock market was open or closed. It was MLK Day, but it’s not always closed on holidays. After a quick check, I learned that it was closed for the holiday. And that got me to wondering about stock market holidays in general. […]

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Remember what happened last time we bumped up against the debt ceiling and it looked like we might willingly default? That’s right, a major rating agency downgraded our credit rating. Indeed, back in August 2011, Standard & Poor’s dropped our rating from Aaa to Aa+. In doing so, they laid […]

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In case you missed it, Vanguard recently released data looking average portfolio size and stock allocation as a function of age. It’s an imperfect analysis in that it focuses on retirement plan participants at Vanguard. Thus, it’s a non-random sample and limited to defined contribution plan holdings. But still… Those […]

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As a followup to my Betterment review, I just wanted to highlight a recent change in their investment strategy. In short, they’ve decided to modify their bond allocation to increase diversification. They’re doing this through the inclusion of a broader selection of domestic bonds as well as the addition of […]

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Our Asset Allocation Spreadsheet

by Michael on Aug 14, 2013 · 3 comments

Okay‚Ķ As requested, I’ve pulled together a generic version of the asset allocation spreadsheet that I mentioned in my post about deciding when to rebalance. While I keep mine in Google Docs, I discovered some limitations that impacted the flexibility of the spreadsheet when I was building the generic version […]

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I’ve talked in the past about why you should rebalance your portfolio. In short, you do so to maintain your desired risk profile. But how do you decide when to rebalance? While it’s good to keep things in check, there’s no sense in going overboard. While some rebalance at set […]

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