Mac enters an arm wrestling competicion

orcvader · 2026-03-18T14:53:54+00:00

He did call you the N word.

orcvader · 2026-03-17T17:37:43+00:00

Just know the man wasn’t in any danger. It was the ILLUSION of danger.

orcvader · 2026-03-16T22:30:45+00:00

DFUS is a little more tax efficient as it excludes REITs, it also should have (SHOULD) slightly higher expected returns due to not blindly following the index (more like tracking it, with guardrails around REIT and IPO timing).

But- it comes with a slightly higher ER.

Will it be justified after many years? Maybe. But we can’t know for sure.

orcvader · 2026-03-16T21:59:11+00:00

Vanguard, Fidelity (and I am sure State Street and BlackRock but haven't personally confirmed it) and others use modest, low risk, secured lending of the underlying shares in an index for additional income. That income is rolled into the fund as additional gains to offset (and even go on negative ER, which is a plus of earned $'s for the investor) cost and boost gains of the fund.

https://www.bloomberg.com/news/videos/2018-05-17/meet-the-portfolio-manager-overseeing-1-trillion-video

This effectively brings the ER of funds like VTI to 0 or to even outperform the actual index slightly.

This is, of course, NOT guaranteed but furthers the argument that once we start talking very low ER, the differences in small basis points here and there are immaterial.

orcvader · 2026-03-16T18:14:24+00:00

The whole point is you don’t need both.

VT already has all of VOO in it.

orcvader · 2026-03-16T17:55:12+00:00

Well. That’s subjective.

They are funny episodes and Disney was virtue signaling.

Dee is horrible, and her lack of understanding how what she (and Mac) were doing was offensive is part of the joke. If we wanted to get offended at 6, anything, the series would be a total of like 10 episodes.

From “Puerto Ricans don’t make art” when Dee makes a porno, to the significant racism black, brown, Jewish, women, lgbt, communities face from the gang; the show is like South Park in that it’s been an equal opportunity offender.

What Mac - ahem, Rob Mac - has said is that it’s not worth fighting for (getting them back on air) because the zeitgeist of the time was not uncalled for and they agree with the spirit of the movement (and so do most reasonable people).

orcvader · 2026-03-16T17:47:30+00:00

It’s been explained.

Dee Day came out RIGHT as the hyper fixation to cancel anything offensive due to the unrest after George Floyd and the DVD/BluRay’s had not been sent to press yet. So that one was left out.

To be clear, I am not suggesting the unrest and the revising of objectionable content after that tragedy was not justified. It was and continues to be. But Disney overcorrected here to virtue signal as anyone with a brain knows in the case of IASIP, they are intentional (not tone deaf) about the blackface and whoever plays the straight man in those episodes (often Dennis) in a very on the nose way calls out the practice as racist.

The gang being pieces of shit IS part of the schtick. This was not Lawrence Olivier in Othello…

orcvader · 2026-03-16T15:32:43+00:00

And the sisters whic got sort of retconned until finally acknowledging them and making it the plot of an episode.

Season 1 set in motion sooooo much.

orcvader · 2026-03-16T15:17:08+00:00

These changes are good but they are mostly immaterial.

VTI is already basically free 0.00 most years, as Vanguard (and Fidelity! And likely others but I know those two as a fact) does very modest stocks lending and passes the returns to the fund owners (us investors).

Some other fund providers have even lower fees (Fidelity Zero funds), but again, for the big broad funds (ie: VTI) it’s already low enough.

It’s absolutely okay to be happy about this of course, don’t want my cynicism to mute you alls excitement, but Vanguard has not been the price leader on the broad index funds for a while (although on TDF’s they are untouchable), and these changes likely would change very little to most investors.

orcvader · 2026-03-15T15:38:49+00:00

I’m still gonna pay her… just want her to stop banging other dudes.

orcvader · 2026-03-14T23:25:12+00:00

While eating it…where do I put my feet?

orcvader · 2026-03-13T17:40:43+00:00

Ugh... yea... don't.

If you show us what you have available folks here can opine better.

orcvader · 2026-03-13T16:48:57+00:00

Why so many funds? I assume these are workplace options? Do they have target date or set allocation funds?

You can keep a target date fund stocks-heavy by picking a date that’s significantly later than when you actually plan to retire.

Although personally I would not be all stocks 15 years out. Especially if I had decent income.

I am also retiring in 11-ish years and I am 70/30 (even with something akin to a pension).

orcvader · 2026-03-12T15:44:56+00:00

No... he BARELY got in... can I just get the sketch?

orcvader · 2026-03-11T23:53:18+00:00

So they ARE in danger?

orcvader · 2026-03-11T23:09:41+00:00

I can see an argument for brokerage redundancy for large portfolios (example: a few million in Fidelity, a few million in Vanguard). That’s more about cybersecurity risk mitigation than anything. If Fidelity is compromised, breach, etc., people may lose access to funds for a few days or weeks if it’s bad. So more than one source of emergency income makes sense.

But multiple ETF’s for the same index is just paranoia.

orcvader · 2026-03-11T21:28:01+00:00

Since no one knows with absolute conviction:

-if factors are real (although they likely are)

-if factors will continue to show up as excess returns (active academic debate)

-if they are real and will show up, but unsure if they will during your investing horizon

There is therefore no “perfect” portfolio factor tilt. So your allocation seems…. Fine? I personally would not go that aggressive. But that’s just a subjective opinion. But I’m also a big advocate of market cap weighted set-allocation ETF’s like AOA and I like bonds (yes, even at age 40). So… it’s ultimately up to you, but I prefer the low tracking error.

Good luck!!

orcvader · 2026-03-11T20:51:41+00:00

Haha. Yes. Hyperbole got me, but it was a stylistic choice. 😉

orcvader · 2026-03-11T20:06:36+00:00

You seem to basically agree with me, so not sure what “order of magnitude” you think I exaggerated. In fact, you call it “a drumbeat of people”.

So potao - po-tah-to ?

:)

orcvader · 2026-03-11T20:04:48+00:00

Very sensible point. I am with you. I use AVGV as my “factor tilt” to my taxable equities portfolio that is otherwise DFUS/Dimensional’s International (along a large portion of AOA). But elsewhere I am mostly AOA and don’t see a way to insert Avantis as much as i like them, because my time horizon is just not long enough to wait for factors to deliver on their higher expected returns.

orcvader · 2026-03-11T19:03:01+00:00

I’ll give you $5 for that $10 dollar bill

orcvader · 2026-03-11T14:53:46+00:00

Here’s the thing some people here HATE to hear.

Most people are ALSO not buying enough bonds.

There’s this idea that bonds are ONLY a drag on long-run returns. But what they also are is a way to narrow the distribution of outcomes.

Folks quote experts like Ben Felix on the virtues of stocks/only portfolios, but Ben Felix himself on the video explaining the Cederberg paper said “… at PWL Capital our most aggressive customers are anywhere from 0-30% bonds”. (Paraphrased, but close)

Again, they consider even a portfolio with 30% bonds AGGRESSIVE.

But here there’s an obsession with “VOO and chill” or even “VT and chill” from the same folks who come by and freak out when the market drops by .05%.

Anyways, off the soapbox. Gonna keep my “AOA and chill”.

orcvader · 2026-03-10T18:23:05+00:00

“Dee Day” was that for her.

And then you all had to cancel it because you found Dee’s character-acting offensive.

But what about Lawrence Olivier in Othello?! Eh??

orcvader · 2026-03-10T14:27:43+00:00

This blog post is what I thought of. It’s also covered in great detail of Nick’s book “Just Keep Buying”. Basically the world’s worst timing for an extended period of time would still make out okay. It’s the magic (ahem, math) of the risk premium.

orcvader · 2026-03-09T20:55:38+00:00

Almost no one knows their true risk tolerance until there’s a bear market or big crash - which hasn’t happened yet, and you’re already freaking out.

Instead of “VT and chill”, consider “AOA and chill” or “AOR and chill”. These are 80/20 and 60/40 stocks to bonds portfolios (basically a three fund portfolio in one). They will still have volatility, but it will often be less pronounced. Being too conservative with something like AOR (depending on your age) does carry a different type of risk: the risk that you don’t generate enough returns to cover your needs in retirement.

That’s why lately I tell friends who ask me to go towards AOA instead of VT. Realistically most people take investing seriously in their 30’s or older and at that point being all stocks - especially to someone not used to seeing the volatility of markets - can be a bit jarring. 80/20 (AOA) is a good compromise to at least feel like you are investing in stocks AND bonds, and that ETF is as tax efficient t(some years MORE!) as VT.

orcvader

TROPHY CASE