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- lp061574
- Rande
- Happy
- MichaelC_AU
- Happy
- Rande
- Mark_J
- Kirk
- Mark_J
- Rande
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» lp061574 - Index funds
Rande:I have a question re: owning VTSMX alone vs. owning both VFINX and Vang. Extended Market index portfolio. The thought of owning one fund (VTSMX)to care of all my domestic needs is VERY appealing, but in a few decades I'll need to adjust my portfolio (much less % in small/mid cap, a little less % in large cap). With VTSMX, I couldn't make these adjustments. Am I missing something or is VFINX combined with Vang. Extended Index Fund the way to go?
Thanks in advance!
lisa
-- posted by lp061574
» Rande - Lisa,
Lisa,I think a market weighting to both large and mid/small is suitable regardless of time horizon, so long as total equity exposure is appropriate. If you wanted to limit your mid/small cap exposure to less than a market weighting (as a percentage of total US equities), then you could use the S&P 500 and Extended Market Index funds separately. Historically at least, the Extended Market Index fund does tend to have higher annual distributions, which is something to consider in taxable accounts.
-- posted by Rande
» Happy - Lisa
I never thought about it, but I think you are right in that if you own both vfinx and vexmx, you would have flexibility in the future to alter the ratio of large to small caps.If you want strictly a market weighting in large and small caps, you could just go with vfinx. But if you want to vary the ratio in the future, owning both would give you more flexibilty. Of course, if these are tax deferred accounts you could make any changes you want without incurring tax.
-- posted by Happy
» MichaelC_AU - From INTC thread
--------------------------Author: BPyles (Betty Pyles)
Date: July 14, 2000 4:53 PM
Subject: Split question
Intc 2 for 1 stock split for shareholders of record on July 2. Split to be on
July 30 and trade on split adjusted basis on July 31. What about someone
(me) who bought in on July 5 (the day the analyst downgraded several
semiconductor stocks)? I was aware of the split but did not check the
exact dates.
Anyone know?
-- posted by MichaelC_AU
» Mark_J - Rande,
Rande,I just received one of those credit card offers with a balance transfer option. If I sign up for the no-fee, 25-day grace period card, I have the option of transfering any credit balances to that card. They are offering 2.9% interest until March 2001. This is only good for balance transfers, and not cash advances.
Now, I don't have any credit card debt. But I do have another credit card (owned by a different company) that gave me some checks. These checks also, for a limited time, have no fees but do start piling up the 9.9% interest from the date cashed.
So... I don't have any credit debt. But I'm doing the math here as always... I'm thinking why don't I write myself a check from the latter card and deposit the cash in my brokerage account. Then, fill out the form for the new credit card and transfer the balance over.
I think invest the money conservatively, you know like buying deep out of the money PUTS on the QQQ once Bob says "Sell! Sell!" (just kidding, we just re-did our backyard and it has an empty spa pad. I really mean maybe get a jacuzzi on their money for awhile - realizing that I'd be paying them off by next March). Aren't they letting me use their money for free, once you factor in inflation?
I don't do debt, so I'd be paying them off by March 2001 fer sure. It'd be like buy a jacuzzi now and pay for it later. Even though I have the cash now, making that sweet tax free interest morning, noon and night in a CA tax-free money market fund...
That's what I'm thinking anyways.
-- posted by Mark_J
» Rande - Mark,
Mark,2.9% is a great deal and if there's no extra fees, why not? That's basically free money when you factor in inflation. The only caveat is being able to repay when the teaser rate expires or finding another such offer. Be aware too that opening and closing credit cards to take advantage of these offers doesn't go over too well on the credit report if overdone.
BTW -- Just got an offer from MBNA for a card with a $250,000 credit line and no transaction fees for cash advance. Tore it up.
-- posted by Rande
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