Don’t be afraid to ask how to pronounce words from your guests! Her university in Zhejiang specifically in the intro is perhaps closer in our standard of English as “Juh Jawng”.
I wonder to what degree it is harder for DFA to implement its trading approach in the ETF versions of their strategies compared to the mutual fund versions of their strategies? How much return is an investor sacrificing by buying the ETF versions of DFA funds?
Fantastic episode. For all my fellow Canadian plebs without DFA fund access, hear me out: Equities: 25% FCUV - fidelity US large-mid cap value 25% FCCV - fidelity Canadian large-mid cap value 25% ZGQ - Global large-mid cap quality stocks following msci all country quality index. Includes emerging markets. 25% VVL - vanguard global value developed markets. Includes about 30% small cap allocation. For fixed income allocation: Throw in VGAB to your preference. Vanguard global bonds hedged to CAD scrutinize away. I might be a bit USA heavy
Does anybody get any actual actionable information from podcasts like these? Curious to hear which information you have used directly in your own portfolios.
Lots: learnt about the inefficiencies of using gold and reits as a form of diversification, learnt about the loss of diversification from 100% hedging my international allocation, of course learnt about factor investing. Had many investing misconceptions of mine broken, and have now learnt. It also makes me sound super smart at work (accounting) when I can share financial knowledge learnt here with co-workers.
I don’t get her point on not using factor funds in portfolio. So I shouldn’t use dimensional ETFs for large value, small Value, high profitability? And instead just invest in core funds? Why not use core funds, but add in the component funds for higher factor tilts? In fact dimensional core wealth plus model does this, so her points contradict that strategy
You can't see the forest for the fees! The managed fund version of DACE has beaten the ASX 300 (after fees) by 0.54% pa over the past ten years, factor in tax and it's even further ahead. DFA smashes index funds on tax efficiency.
It's really getting ridiculous with price sensitivity nowadays.... In the last we had active funds charging 1,x% or 2,x% and got index funds for 0,2% or 0,1%. Now people are complaining about those charges. Especially for multi factor ETFs 0,27% is not unusually high...
@@Martin-jm8wi Yep, and in Australia it's because clowns like betashares might be driving down fees on flagship funds, but that's only to loss lead for their high fee thematics. With DFA core, you're getting exposure to LVS for 0.28-0.36% with tax efficiency you couldn't achieve with indexes, nor three separate ETFs targeting those factors ie VGS VVLU VISM
@@sccroobyj4024 DFA etf in Aus has underperformed the benchmark in both hedged international and Australian equities looking at their website. Where did you information from?
It's absolutely magical when the guest and topic is focused on factor investing. Like a reminder of why most viewers became a part of this community!
Wow, she is really sharp! I wish I could speak so clearly and fluently and English is my first language!
Yeah. Even though she has a heavy Chinese accent, her intonation is American. So, it's easy to understand what she's saying.
This is another one of those I have to listen to a couple times. So much packed into it.
The journey is the key to success and happiness, not the destination. It was said so well, good show.
Incredible guest, excellent episode. Thank you.
What a wonderful guest!
Don’t be afraid to ask how to pronounce words from your guests! Her university in Zhejiang specifically in the intro is perhaps closer in our standard of English as “Juh Jawng”.
Impressive guest. So much good information.
Amazing guest and topics!
didn't understand anything but it was fun to listen to
I wonder to what degree it is harder for DFA to implement its trading approach in the ETF versions of their strategies compared to the mutual fund versions of their strategies? How much return is an investor sacrificing by buying the ETF versions of DFA funds?
Great episode!! Impressive guest😎😎😎😎
Last question and answer re: success is gold!
That was awesome, thanks guys and gal!!
Excellent listen. Thank you.
Incredible guest! I’m more convinced to buy DFA products - they’re miles ahead of the competition.
Fantastic episode.
For all my fellow Canadian plebs without DFA fund access, hear me out:
Equities:
25% FCUV - fidelity US large-mid cap value
25% FCCV - fidelity Canadian large-mid cap value
25% ZGQ - Global large-mid cap quality stocks following msci all country quality index. Includes emerging markets.
25% VVL - vanguard global value developed markets. Includes about 30% small cap allocation.
For fixed income allocation:
Throw in VGAB to your preference. Vanguard global bonds hedged to CAD
scrutinize away. I might be a bit USA heavy
❤❤❤ would be interested to know how the guest constructs her portfolio whether she uses the products her firm sells. Thank you
Does anybody get any actual actionable information from podcasts like these? Curious to hear which information you have used directly in your own portfolios.
Lots: learnt about the inefficiencies of using gold and reits as a form of diversification, learnt about the loss of diversification from 100% hedging my international allocation, of course learnt about factor investing. Had many investing misconceptions of mine broken, and have now learnt. It also makes me sound super smart at work (accounting) when I can share financial knowledge learnt here with co-workers.
I don’t get her point on not using factor funds in portfolio. So I shouldn’t use dimensional ETFs for large value, small Value, high profitability? And instead just invest in core funds? Why not use core funds, but add in the component funds for higher factor tilts? In fact dimensional core wealth plus model does this, so her points contradict that strategy
First ❤
And finished listening. Great episode. Hope to see more RR like these, as these are typically the ones I tune in for
DFA ETFs expense ratios are too high! 0.27% (Ticker: DACE) vs 0.07% (Ticker: VAS) for Australian Equity
You can't see the forest for the fees! The managed fund version of DACE has beaten the ASX 300 (after fees) by 0.54% pa over the past ten years, factor in tax and it's even further ahead. DFA smashes index funds on tax efficiency.
@@sccroobyj4024 Where did you source this from? DFA0003AU since inception has return 6.60% annualised where the benchmark has returned 6.69%
It's really getting ridiculous with price sensitivity nowadays.... In the last we had active funds charging 1,x% or 2,x% and got index funds for 0,2% or 0,1%. Now people are complaining about those charges. Especially for multi factor ETFs 0,27% is not unusually high...
@@Martin-jm8wi Yep, and in Australia it's because clowns like betashares might be driving down fees on flagship funds, but that's only to loss lead for their high fee thematics. With DFA core, you're getting exposure to LVS for 0.28-0.36% with tax efficiency you couldn't achieve with indexes, nor three separate ETFs targeting those factors ie VGS VVLU VISM
@@sccroobyj4024 DFA etf in Aus has underperformed the benchmark in both hedged international and Australian equities looking at their website. Where did you information from?
Bland hosting. Guest was great tho.
Just buy XEQT
💪🏻🤩 yes sir!
XWD was here first… and better…