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Re: POLL: Attitude Towards Risk

That was really meant to be $240 and not $250? Yes. Ordinary respondents in more controlled environments go for A and D. The idea being that they avoid risk when it comes to gains and seek risk when it comes to avoiding losses. So it was not a typo? B is clearly superior to A. C and D are equivalen...
by Aptenodytes
Wed Nov 26, 2014 5:06 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Attitude Towards Risk
Replies: 44
Views: 1219

Re: How did you handle the 2008 bear market ?

The 2008 bear market came at an unusual time for me. My father died that year, leaving me an inherited IRA that was 100% invested in individual stocks. It wasn't huge, but it was big enough so that how I dealt with it would make a lasting difference on my wellbeing. I was watching the market crash a...
by Aptenodytes
Tue Nov 25, 2014 6:11 pm
 
Forum: Investing - Theory, News & General
Topic: How did you handle the 2008 bear market ?
Replies: 58
Views: 2628

Re: Investing in 100 Words

Some of the points use more words than necessary. If I were doing my own version I'd leave room for this: "Most investment advice is wrong and self-serving. Seek out proven, objective guides, which do exist." I find that lots of people don't know the first point. And some who accept the fi...
by Aptenodytes
Tue Nov 25, 2014 8:03 am
 
Forum: Investing - Theory, News & General
Topic: Investing in 100 Words
Replies: 19
Views: 1704

Re: Dubai trip

Thanks all - how much should a cab ride cost from the airport to the palm/atlantis? Is it worth booking transfers in advance? They seem expensive at $100 each way.. The term of art in requesting a taxi is to ask for a "Dubai metered taxi." The airport trip should be closer to $25. If you ...
by Aptenodytes
Tue Nov 25, 2014 6:27 am
 
Forum: Personal Consumer Issues
Topic: Dubai trip
Replies: 11
Views: 1392

Re: article in todays WSJ--stocks are risky even for millenn

Kind of an odd angle into the question -- asking whether what non-millennials think about what millennials should be doing is accurate or not, and never inquiring what millennials think. I would have rewritten the lead -- How much should millennials invest in stocks? A lot less than you might think....
by Aptenodytes
Mon Nov 24, 2014 12:53 pm
 
Forum: Investing - Theory, News & General
Topic: article in todays WSJ--stocks are risky even for millennials
Replies: 18
Views: 3439

Re: order of investing?

I read but I don't understand. Are they not only for Healthcare expenses? You can withdraw for any reason you wish. Withdrawals for qualified healthcare expenses are tax-free. For other purposes withdrawals are taxed. If you were 100% certain that you would never have any medical expenses in retire...
by Aptenodytes
Sun Nov 23, 2014 10:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: order of investing?
Replies: 19
Views: 1305

Re: order of investing?

1. Why is HSA number 2? Is that really necessary if you have good insurance and are young and healthy? Seems like a waste. If you have an HSA available, your contributions receive a "triple tax advantage": 1. Employee contributions to a 401k don't avoid payroll taxes, but HSA contribution...
by Aptenodytes
Sun Nov 23, 2014 9:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: order of investing?
Replies: 19
Views: 1305

Re: order of investing?

HSA is ranked 2nd as an investment priority, not as a health insurance strategy. Make whatever health insurance choice makes sense for you; if it includes an HSA, then max it out before investing in other non-matched vehicles in order to reap the unique tax benefits -- pre-tax contributions; tax-fre...
by Aptenodytes
Sun Nov 23, 2014 9:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: order of investing?
Replies: 19
Views: 1305

Re: Freakonomics approach to 401(k) choices

You are making a category mistake. Your disappointment in your returns has nothing to do with the principal-agent problem, which is what is going on with real estate agents. With your investment advisor, you are just straight-out buying advice. A fee-based advisor has no incentive to steer you to su...
by Aptenodytes
Sun Nov 23, 2014 4:34 pm
 
Forum: Investing - Theory, News & General
Topic: Freakonomics approach to 401(k) choices
Replies: 27
Views: 2629

Re: 23 year old... Can I afford a Rolex?

There's a rule of thumb you can follow, similar to the rule that tells you how much to spend on an engagement ring.

Take your current annual salary and divide it by three; then buy a watch under $50.
by Aptenodytes
Sun Nov 23, 2014 10:10 am
 
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 162
Views: 10339

Re: What percent "Boglehead" are you?

Following Nisiprius and Aptenodytes, here's our list: 1 - Plan: 9 2 - Invest early and often: 5 (long years in grad school) 3 - Just enough risk: 7 (started off too conservatively) 4 - Diversify: 10 5 - Don't time the market: 7 (haven't been tested yet) 6 - Index: 9 7 - Keep costs low: 9 8 - Minimi...
by Aptenodytes
Sat Nov 22, 2014 6:24 pm
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 119
Views: 6198

Re: POLL: Do you personally own a cell phone?

I think my cell phone would not count as a "smart phone" (too elderly, early dementia may even be setting in). And it's definitely not a flip phone. But I personally own it. What category should I select? RM "Flip phone" = a phone that has no touch screen. The word "own&quo...
by Aptenodytes
Sat Nov 22, 2014 2:41 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Do you personally own a cell phone?
Replies: 52
Views: 2758

Re: POLL: Do you personally own a cell phone?

I think my cell phone would not count as a "smart phone" (too elderly, early dementia may even be setting in). And it's definitely not a flip phone. But I personally own it. What category should I select? RM "Flip phone" = a phone that has no touch screen. The word "own&quo...
by Aptenodytes
Sat Nov 22, 2014 2:18 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Do you personally own a cell phone?
Replies: 52
Views: 2758

Re: New Refrig with Icemaker. Filter?

I re-read your post and see you did what I suggested. Therefore your fridge does not have a water filter. If for some reason you really want one you can insert one in-line with the water supply. Did you filter the water you used to make ice before you bought this fridge? Maybe you don't need a filter.
by Aptenodytes
Sat Nov 22, 2014 2:10 pm
 
Forum: Personal Consumer Issues
Topic: New Refrig with Icemaker. Filter?
Replies: 7
Views: 734

Re: New Refrig with Icemaker. Filter?

My 18-month old fridge has an icemaker with no water dispenser, largely chosen for the same reason as yours. It has a filter, in a quite prominent hard-to-miss location. If I were I'd load a PDF of the owner's manual and search for the word "filter" or do a Google search with the model num...
by Aptenodytes
Sat Nov 22, 2014 2:08 pm
 
Forum: Personal Consumer Issues
Topic: New Refrig with Icemaker. Filter?
Replies: 7
Views: 734

Re: What percent "Boglehead" are you?

This should be reposted as a poll, using Nisi's response as a template. Multiple options allowed, one item for each of the 10 principles. Let people add to the ten in their responses. 1 - Plan: 9 2 - Invest early and often: 8 3 - Just enough risk: 8 4 - Diversify: 10 5 - Don't time the market: 10 6 ...
by Aptenodytes
Sat Nov 22, 2014 1:30 pm
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 119
Views: 6198

Re: Why I will fund retirement with TIPs ladder no matter wh

I'm curious how you found this article? Did you go looking for it? Do you subscribe to investment newsletters? Do you have a financial advisor feeding you articles? Something your broker had on its home page? Something your buddy at the coffee shop gave you? Although not relevant to the point, sinc...
by Aptenodytes
Sat Nov 22, 2014 1:16 pm
 
Forum: Investing - Theory, News & General
Topic: Why I will fund retirement with TIPs ladder no matter what
Replies: 55
Views: 4289

Re: Why I will fund retirement with TIPs ladder no matter wh

I only read the first few paragraphs before having to put it down. To say that uncertainty matters more than volatility is nuts. Do I care about how uncertain my long-term returns are? Not in the slightest. Also, their effort to portray time-to-recovery trajectories I thought argued against their po...
by Aptenodytes
Sat Nov 22, 2014 6:37 am
 
Forum: Investing - Theory, News & General
Topic: Why I will fund retirement with TIPs ladder no matter what
Replies: 55
Views: 4289

Re: TSM vs S&P500

I've always assumed that Buffett's reference to the S&P500 benchmark was just shorthand for "the stock market." I doubt that if he spent 3 minutes thinking about it he'd have any problem with someone benchmarking the total stock market instead of the S&P500. I also don't think he w...
by Aptenodytes
Fri Nov 21, 2014 7:40 am
 
Forum: Investing - Theory, News & General
Topic: TSM vs S&P500
Replies: 19
Views: 1993

Re: smartphone over wifi - still possible?

I don't think anyone can make a smartphone not be able to access the internet over wifi. They can require that you purchase a data plan if you have a smart phone. That may be what you are thinking of, and it is annoying. You may need to carry a cheap voice-only phone, linked to a cell carrier, and a...
by Aptenodytes
Thu Nov 20, 2014 9:36 pm
 
Forum: Personal Consumer Issues
Topic: smartphone over wifi - still possible?
Replies: 31
Views: 2383

Re: Fitbit, Vivofit, or other?

i have the Jawbone Up, a freebie from a conference. I don't think it is considered a leading choice, but I can say that I like the battery life (about a week), which seems to be its main competitive advantage. If I were buying one, I think I'd want one that captures heart rate; the Up only covers mo...
by Aptenodytes
Thu Nov 20, 2014 9:31 pm
 
Forum: Personal Consumer Issues
Topic: Fitbit, Vivofit, or other?
Replies: 55
Views: 2028

Re: One Source to follow world markets ?

I can understand your wanting to be exposed to such information in order to deepen your understanding of markets; you seem to acknowledge that doing so will not help your investment prowess one bit. Therefore asking for advice on how to proceed in this forum is a bit like asking for advice on how to...
by Aptenodytes
Tue Nov 18, 2014 1:56 pm
 
Forum: Investing - Theory, News & General
Topic: One Source to follow world markets ?
Replies: 26
Views: 1812

Re: Waitress giving me discount - ethical question

I get it, what is bothering you is that this waitress may be stealing from her boss my giving you a discount. In the past I bartender and waitressed and never was allowed to discount food for "regulars," unless there was a problem - the food was late, didn't taste right, whatever. If it i...
by Aptenodytes
Mon Nov 17, 2014 10:21 pm
 
Forum: Personal Consumer Issues
Topic: Waitress giving me discount - ethical question
Replies: 62
Views: 6688

Re: Explain purpose of bonds in low yields

... In any event, you have no ability to predict the price swings so even if you thought such swings mattered there's nothing you could do about it anyway. 1) There's no free lunch 2) Markets are volatile 3) Markets are unpredictable .... But holding cash makes less sense because of (3). Aptenodyte...
by Aptenodytes
Mon Nov 17, 2014 1:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Explain purpose of bonds in low yields
Replies: 10
Views: 818

Re: Explain purpose of bonds in low yields

Same as it ever was. Bonds provide ballast against wild swings in your portfolio. This benefit comes with a cost -- lower expected returns. How much lower varies over time, because markets vary over time. In your retirement portfolio you are investing for the long term, so it doesn't matter what hap...
by Aptenodytes
Sun Nov 16, 2014 11:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Explain purpose of bonds in low yields
Replies: 10
Views: 818

Re: Need Help with an Xbox purchase ...

Back to the OP, a key thing to consider is the on-line capability. If you new to X-Box and trying to economize, you won't be inclined to spring for the X-Box Live. But young people consider it essential. The X-Boxes all come with the wifi built in, but you have to pay for access through a separate s...
by Aptenodytes
Sat Nov 15, 2014 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need Help with an Xbox purchase ...
Replies: 10
Views: 824

Re: Need Help with an Xbox purchase ...

This may be a little picky, but the abbreviation of your username on the front page is unintentionally offensive. Is there any way to fix that? 1) I'm not familiar with the term so I looked it up in Urban Dictionary, which tells me it is an offensive term in North Wales. Not even Wales, just north ...
by Aptenodytes
Sat Nov 15, 2014 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need Help with an Xbox purchase ...
Replies: 10
Views: 824

Re: Why Not 100% Treasuries if your Risk is on the Equity Si

In general, your instincts are right. If you want to set-and-forget, then there's no role for corporates (unless you bring them in via Total Bond Fund which I think most people would be harmless). i'm one who doesn't set-and-forget; there are shifts in the bond market that make sense to respond to. ...
by Aptenodytes
Sat Nov 15, 2014 8:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why Not 100% Treasuries if your Risk is on the Equity Side?
Replies: 40
Views: 3690

Re: Your car(s) are equal to how many months income

The tails aren't quite right. Left tail should be 0 and right should be 8+. I answered but am not sure why. The first answer is < 1 month which includes 0 and the last answer is 7+ i.e. > 7 which includes 8+ Yes, but the problem isn't that the tails don't go far enough away from the middle, it is t...
by Aptenodytes
Wed Nov 12, 2014 7:38 am
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 6048

Re: Your car(s) are equal to how many months income

Undefined, $0 / $0 No that would be one month's income. 0=0 it's not 0/0 :happy I had a car and income like that myself once :happy In my mathematics I was taught that market timer is right -- 0/0 is undefined. However, I find it hard to understand how a car can be worth $0. Every car has some valu...
by Aptenodytes
Wed Nov 12, 2014 7:31 am
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 6048

Re: Your car(s) are equal to how many months income

The tails aren't quite right. Left tail should be 0 and right should be 8+.

I answered but am not sure why.
by Aptenodytes
Wed Nov 12, 2014 6:05 am
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 6048

Re: How do you track the value of your illiquid assets ?

I don't need precision to a tenth degree. I would be happy to have some number I can update once a year within, say, $50-80k. Er, +-$50-80k precision for a ~$1m house is exactly what I meant by the 1/10th degree oven analogy. You can't possibly act on information with greater than +-$300K precision...
by Aptenodytes
Wed Nov 12, 2014 5:18 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2588

Re: How do you track the value of your illiquid assets ?

If you want to estimate net worth I think Zillow is more representative than an insurance company's replacement cost estimate. If you wanted to you could sell your house at market value, but there's no mechanism for cashing in the house in exchange for insurance-based replacement cost. I have found...
by Aptenodytes
Wed Nov 12, 2014 2:19 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2588

Re: How do you track the value of your illiquid assets ?

How do you value this type of illiquid assets ? I don't. I might estimate replacement cost for insurance purposes, but that's about it. That's about if for me too with the exception that I would want a more specific number of an asset's value if I want to sell it. But as far as worrying about month...
by Aptenodytes
Wed Nov 12, 2014 1:05 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2588

Re: How do you track the value of your illiquid assets ?

The first observation is that if you are finding it a struggle, just stop. There's no conceivable value that could justify a struggle. To answer your question directly, though, I just use Zillow and I update the number once a year, typically on New Year's Day. I suppose the reason I do it is similar...
by Aptenodytes
Wed Nov 12, 2014 1:01 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2588

Re: HSA reimbursement of non-dollar expenses

I'm sure an accountant can look up the specific rules for you. You might be able to look them up yourself. But if I faced this situation I would simply follow basic due diligence analogous to what the US government considers satisfactory for travel reimbursement. e.g. print out an exchange rate quot...
by Aptenodytes
Tue Nov 11, 2014 10:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA reimbursement of non-dollar expenses
Replies: 3
Views: 380

Re: Amazon store card - change of terms?

If you want to micro-manage your credit cards, you should be reading the credit card sites such as nerdwallet. I decided a while ago not to sweat it on a regular basis, and just do a review every couple of years to make sure I'm not missing out on something significant. The 3% card you already have ...
by Aptenodytes
Tue Nov 11, 2014 10:27 pm
 
Forum: Personal Consumer Issues
Topic: Amazon store card - change of terms?
Replies: 7
Views: 1338

Re: letting profits run or sell...

So you are buying more and also thinking of selling? That's weird.
by Aptenodytes
Thu Nov 06, 2014 7:36 pm
 
Forum: Investing - Theory, News & General
Topic: letting profits run or sell...
Replies: 34
Views: 2628

Re: PenFed Visa card for Gas program changing, now with a fe

I am a little confused as to why everyone is referring to the Penfed rewards gas program as 5%. I receive 5 "points" on my gas purchases. Unlike my chase card, 5 "points' does not equal $0.05. The rebate is less than 5% of my gas purchases. You must have a different card. Mine gives ...
by Aptenodytes
Thu Nov 06, 2014 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa card for Gas program changing, now with a fee.
Replies: 132
Views: 30383

Re: Tough spot, decided to lease a car

You fear about car repairs I think is traceable to the lack of an emergency fund. Without an emergency fund, any irregular expense adds to your debt, and you correctly want to get out of debt. That's one reason you need a big-picture solution, not a car-lease solution. With an emergency fund, you ca...
by Aptenodytes
Tue Nov 04, 2014 1:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tough spot, decided to lease a car
Replies: 209
Views: 13999

Re: Tough spot, decided to lease a car

Spending more than you earn is not a question of different priorities, it is a question of being out of touch with reality. Saying you can't save because your expenses are too high is a sign of highly delusional thinking. The logical approach is exactly the opposite (it is the highly frugal people w...
by Aptenodytes
Tue Nov 04, 2014 1:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tough spot, decided to lease a car
Replies: 209
Views: 13999

Re: Should I stop tracking past performance?

If it doesn't affect your behavior then it does no harm and no good. So toss a coin.
by Aptenodytes
Tue Nov 04, 2014 12:36 pm
 
Forum: Investing - Theory, News & General
Topic: Should I stop tracking past performance?
Replies: 36
Views: 2187

Re: Tough spot, decided to lease a car

The car question is embedded in a bigger budgeting question. My guess is that if you want solid advice you should give a more complete picture of your budget, both what it is now and how you envision it unfolding over the next five years. Out of context it is hard to know how to respond. You are ask...
by Aptenodytes
Tue Nov 04, 2014 9:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Tough spot, decided to lease a car
Replies: 209
Views: 13999

Re: Morbid Question

It may seem obvious, but from what I can tell you need to enlist you wife in coming up with a plan. It has to work for her, so I think she has to be part of the planning. You have plenty of time, so don't rush it. I don't think it will be as hard as you fear. You have lots of resources, hopefully lo...
by Aptenodytes
Mon Nov 03, 2014 9:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Morbid Question
Replies: 28
Views: 4036

Re: What are you up YTD?

Based on what I see on this page, Bogleheads are doing fine YTD--but the year is not over--here are some of the numbers. Equity/Bond/YTD 21/79 = 05.73% 45/55 = 06.80% 48/52 = 05.95% 50/50 = 07.21% 50/50 = 07.67% 60/40 = 06.90% 60/40 = 07.26% 75/25 = 07.79% 80/20 = 06.88% 80/20 = 09.00% 80/20 = 18.0...
by Aptenodytes
Sun Nov 02, 2014 7:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 213
Views: 18621

Re: Equal weight or volume weight between world regions

... Trying to increase risk by altering your regional weights goes against the conventional wisdom, and in this case I don't see any evidence to suggest the conventional wisdom is wrong. ... I don't disagree with what you wrote, but would like to point out OP asked about decreasing risk, not increa...
by Aptenodytes
Sun Nov 02, 2014 6:41 pm
 
Forum: Investing - Theory, News & General
Topic: Equal weight vs. capitalization weight between world regions
Replies: 18
Views: 1230

Re: Only 3 factors determine stock market returns

The MarketWatch story was pretty dumb (even misspelled one of the authors' names). Here's a link to the actual paper . From the abstract: Three mutually uncorrelated economic shocks that we measure empirically explain 85% of the quarterly variation in real stock market wealth since 1952. We use a mo...
by Aptenodytes
Sun Nov 02, 2014 5:27 pm
 
Forum: Investing - Theory, News & General
Topic: Only 3 factors determine stock market returns
Replies: 9
Views: 1272

Re: Equal weight vs. capitalization weight between world reg

My advice is don't try to invent a new approach from scratch. Do something that lots of smart disinterested experts think is best.

Pick a US percentage between 50% and 70%. For the non-US portion, use market weights.
by Aptenodytes
Sun Nov 02, 2014 4:07 pm
 
Forum: Investing - Theory, News & General
Topic: Equal weight vs. capitalization weight between world regions
Replies: 18
Views: 1230

Re: How to make withdrawals during retirement

Livesoft. I have reread your post several times. I would love to "withdraw at the market high for the year". Please tell me a day or two before the high will be. Thank you LarryG You need to run his post through Google Translate. He is telling the OP it doesn't matter when he withdraws th...
by Aptenodytes
Sun Nov 02, 2014 3:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to make withdrawals during retirement
Replies: 28
Views: 2253

Re: Equal weight or volume weight between world regions

Regions make sense as a diversification strategy, not a risk strategy. If you want to take on more risk, increase your small and small-value holdings, both domestically and globally, or just increase your equity holdings across the board. Trying to increase risk by altering your regional weights goe...
by Aptenodytes
Sun Nov 02, 2014 2:07 pm
 
Forum: Investing - Theory, News & General
Topic: Equal weight vs. capitalization weight between world regions
Replies: 18
Views: 1230
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