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Re: The World Top Incomes Database

I did a quick review of the web site.

Looks like you have to search by one country at a time versus being able to search all countries at once.......unless I missed something.
by DaleMaley
Thu Apr 17, 2014 6:24 am
 
Forum: Investing - Theory, News & General
Topic: The World Top Incomes Database
Replies: 5
Views: 644

Re: Looking at top 1% for actionable insight

An investment manager's viewpoint on the composition of the top 1%.............http://tinyurl.com/ceautt4
by DaleMaley
Tue Apr 15, 2014 3:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Looking at top 1% for actionable insight
Replies: 51
Views: 4625

Re: Favorite Investing Book?

The Millionaire Next Door.

Unless you can live below your means, you will never have any money to invest..........which is well illustrated in this book.

My son has read the book, and he even comments once a while...."That person is all hat and no cattle" :happy
by DaleMaley
Mon Apr 14, 2014 7:18 pm
 
Forum: Investing - Theory, News & General
Topic: Favorite Investing Book?
Replies: 42
Views: 3067

Re: Death of co-worker

Dale, people dying of heart attacks in their 40s and 50s ?? Was there a common theme for these people? Were they obese? Drug users? Heavy drinkers? Workaholics? Just how common is it to suddenly die of a heart attack in your 50s? Joe, the 48 year old guy: -high stress job -boss was SOB -overweight ...
by DaleMaley
Thu Apr 03, 2014 7:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 9255

Re: Death of co-worker

Just a few years ago, a guy who I worked with for 25 years, passed away at 48. On Friday night, after work, he went grocery shopping with the wife. When they got home, he told the wife to go to bed, and he would rest in the easy chair. Later that evening his teen-age son came home and found his dad ...
by DaleMaley
Wed Apr 02, 2014 7:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 9255

Re: Expensive hobbies and possessions? (B/c you can...)

[ If you like woodworking, check out my web site at......... http://dalemaley.webs.com/[/quote] The projects on your site are just delightful! :D I love the reproduction of the glass and wood lamp. But my favorite is the lifeguard tower for the garden. I'm going to have to get my husband to build on...
by DaleMaley
Wed Apr 02, 2014 7:43 pm
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 9140

Re: Expensive hobbies and possessions? (B/c you can...)

dgdevil wrote:
DaleMaley wrote:If you like woodworking, check out my web site at.........

http://dalemaley.webs.com/


Wow! You're a genius. Amazing ... I'll have 1 of everything, 2 of The Pulverizer ...


Thanks! Glad you enjoyed the web site :D :D
by DaleMaley
Tue Apr 01, 2014 9:12 pm
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 9140

Re: Expensive hobbies and possessions? (B/c you can...)

Woodworking is my most expensive hobby. I bought my equipment back in the early 1980s and probably spent less than $500. The only ongoing expenses I have are mostly for the wood that I use on the projects........so it is really not that expensive of a hobby. I have made everything from furniture to ...
by DaleMaley
Tue Apr 01, 2014 7:12 pm
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 9140

Edward Jones ignores do-not-call lists

http://www.investmentnews.com/article/2 ... /140229895

Edward Jones got in trouble for ignoing the do-no-call law and continuing to make "cold calls" soliciting clients.
by DaleMaley
Fri Mar 14, 2014 7:53 am
 
Forum: Investing - Theory, News & General
Topic: Edward Jones ignores do-not-call lists
Replies: 20
Views: 1546

Nice article on diversified index fund investing

Israelsen has a nice article in latest issue of the Journal of Indexes magazine..........explaining the advantages of using a diversified portfolio of index funds. He graphically shows the class Efficient Frontier, then enhances it using a diversified portfolio. Pretty much the way I invest, except ...
by DaleMaley
Fri Feb 28, 2014 9:45 am
 
Forum: Investing - Theory, News & General
Topic: Nice article on diversified index fund investing
Replies: 2
Views: 410

Re: Net Worth Survey, 2014 Edition

Interesting data. Your r^2 appear to decline in 2014. Are the asset allocations by age more spread out? Are you sampling the same folks? Is there much movement of folks in and out of the sample? Yes, R-squared went down in 2014. All 3 surveys are not statistically valid surveys........they break mo...
by DaleMaley
Sun Jan 12, 2014 4:29 pm
 
Forum: Investing - Theory, News & General
Topic: Net Worth Survey, 2014 Edition
Replies: 134
Views: 15927

Re: Net Worth Survey, 2014 Edition

Based upon this latest poll, I was curious to see if Bogleheads asset allocation to stocks versus bonds has changed over the years. I have copies of asset allocation polls done in 2007 and 2011. I downloaded the 2014 poll results into Excel, plotted % stocks versus age, and got the best fit line. ht...
by DaleMaley
Sat Jan 11, 2014 10:19 am
 
Forum: Investing - Theory, News & General
Topic: Net Worth Survey, 2014 Edition
Replies: 134
Views: 15927

Re: Home Builder Experience

OP might check out this old posting about building new houses.....

viewtopic.php?f=11&t=107851
by DaleMaley
Fri Jan 10, 2014 1:23 pm
 
Forum: Personal Consumer Issues
Topic: Home Builder Experience
Replies: 36
Views: 2018

Re: Asset Allocation for Middle Age

I was 100% stocks from age 22 until age 45 in the year 2000. Each year I do a year-end financial plan review. Although I mentally did not like the idea of investing in bonds versus stocks, I had read enough information to suggest I should transition into bonds as I got older. So I went to 90:10 stoc...
by DaleMaley
Fri Jan 10, 2014 10:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for Middle Age
Replies: 32
Views: 3967

Re: Windows 8/7

Try this -- it helps windows 8 look more like the older systems. http://www.classicshell.net/ Thanks for posting this...........it saved the day for me. My wife bought herself a new laptop and it came with Windows 8.1..........she did not consult with me.....because I would have told her to buy Win...
by DaleMaley
Sun Dec 29, 2013 5:06 pm
 
Forum: Personal Consumer Issues
Topic: Windows 8/7
Replies: 69
Views: 4568

Re: Advice on complaining to securities regulators?

You might call your state's Securities Office and talk to them on the phone first. In my state, Illinois, the person there has been very helpful to me over the years. Hopefully they will point you in the best direction.
by DaleMaley
Thu Dec 19, 2013 1:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on complaining to securities regulators?
Replies: 9
Views: 833

Re: How long do you keep your cars? Why do you replace it?

Until I hit a deer. When I lived in Georgia, the score was 1983 F150 3, and deer 0. Of course the deer there are much smaller than Illinois, where they are corn fed. I hit one deer with my 1999 F150, it made a slight dent and broke the headlight. The 99 is not as sturdily constructed as the 83 mode...
by DaleMaley
Fri Dec 13, 2013 9:51 am
 
Forum: Personal Consumer Issues
Topic: How long do you keep your cars? Why do you replace it?
Replies: 72
Views: 4939

Re: How to dispose of household effects (estate sale?)

Have never dealt with a long-distance issue like this one. Here in the Midwest, we typically hire an auction house to do an estate sale. Some auctioneers have indoors facilities, so auction can be held indoors during inclimate weather. In the 3 summer months, the auction is often held at the house, ...
by DaleMaley
Thu Dec 12, 2013 11:20 am
 
Forum: Personal Finance (Not Investing)
Topic: How to dispose of household effects (estate sale?)
Replies: 10
Views: 1020

Re: How long do you keep your cars? Why do you replace it?

83 Ford F150.........sold at 16 years 99 Ford F150.........replaced at 14 years (still have it, plan to sell in Spring 2014) I would have kept the 99 for a couple more years, but no AC for 3 summers and marginal heat for 1 winter.........plus the 2015 and 2016's are supposed to be almost all plastic...
by DaleMaley
Thu Dec 12, 2013 10:05 am
 
Forum: Personal Consumer Issues
Topic: How long do you keep your cars? Why do you replace it?
Replies: 72
Views: 4939

Re: What your your favorite/recommended CLASSIC (old/free) b

I just finished reading another free kindle story, When Wilderness Was King A Tale of the Illinois Country . http://tinyurl.com/kn7gmcg This story is about Fort Dearborn (now Chicago) and the Indian massacre of the Fort's occupants in 1812. During the War of 1812, General William Hull ordered the ev...
by DaleMaley
Tue Dec 10, 2013 7:24 am
 
Forum: Personal Consumer Issues
Topic: What your your favorite/recommended CLASSIC (old/free) books
Replies: 54
Views: 2814

Re: Death Probability Calculator and "matching"

For some reason, the concept of life expectancy is interesting to me. Using data from a couple of sources, I constructed the historical trend in life expectancy. I wish I knew how to make the x-axis lables line up with the right tick marks, but I don't. http://i42.tinypic.com/1ftefn.jpg The interest...
by DaleMaley
Mon Dec 09, 2013 8:53 pm
 
Forum: Investing - Theory, News & General
Topic: Death Probability Calculator and "matching"
Replies: 12
Views: 1461

Re: What your your favorite/recommended CLASSIC (old/free) b

I just got a kindle a few weeks on a special promotion from Amazon for only $29. I did not think I would like it, but it is growing on me. I searched for free history books on Amazon and Project Gutenberg.........and stumbled across this great one....... The Story of a Common Soldier of Army Life in...
by DaleMaley
Mon Dec 09, 2013 7:20 am
 
Forum: Personal Consumer Issues
Topic: What your your favorite/recommended CLASSIC (old/free) books
Replies: 54
Views: 2814

Re: Learn Statistics? How?

I found it takes most people several doses of class work, plus practical applications of statistics, before it really sinks in. I had some basic statistics in engineering classes in college, then a couple of classes at work, some real-world applications, and then my MBA class research project..........
by DaleMaley
Thu Dec 05, 2013 7:54 am
 
Forum: Personal Consumer Issues
Topic: Learn Statistics? How?
Replies: 40
Views: 2290

Re: How do multimillionaires have their money insured?

I guess the short answer is that you do not have any "money" in your brokerage accounts. You hold shares of securities. If you do not have a margin account then those shares never get lent out, never leave your account. Thus there is really no need to insure them. The broker is just holdi...
by DaleMaley
Wed Dec 04, 2013 8:26 pm
 
Forum: Investing - Theory, News & General
Topic: How do multimillionaires have their money insured?
Replies: 10
Views: 2103

Re: Finishing a Basement

I live in PA too. It seems like you already got some great advice. One thing I wouldn't focus on is cost. There are just too many variables...from the person who plans to paint the walls, to the person who goes all high end. I had my basement done about 5 years ago and it cost me $40,000 for 1,000 ...
by DaleMaley
Wed Dec 04, 2013 8:22 pm
 
Forum: Personal Consumer Issues
Topic: Finishing a Basement
Replies: 30
Views: 2131

Re: Finishing a Basement

Back in the late 1970s, before college costs skyrocketed.........I paid for my college my working summers as a plumber, electrician, HVAC, and carpenter. I am finishing my 5th basement right now. I did 3 for myself and 2 for family members. Square footage from 800 to 2800 square feet. I did my own d...
by DaleMaley
Tue Dec 03, 2013 7:47 pm
 
Forum: Personal Consumer Issues
Topic: Finishing a Basement
Replies: 30
Views: 2131

Re: Why is the SS website closed?

I logged in ok at 7:35am CST today (sunday) using Google Chrome and Windows 7.

Retrieved my earnings statement ok.
by DaleMaley
Sun Dec 01, 2013 9:46 am
 
Forum: Investing - Theory, News & General
Topic: Why is the SS website closed?
Replies: 25
Views: 2046

Re: Rebalancing on Friday

I do a personal financial review each year at year-end, and I rebalance if my actual AA is more than 5% from my target 60:40 AA. At the 2012 review, I was 63:37, not at the 65:35 that would trigger rebalancing.......so I did not rebalance in Jan 2013. Now I am at 69:31, so I entered my order to sell...
by DaleMaley
Fri Nov 29, 2013 10:19 am
 
Forum: Investing - Theory, News & General
Topic: Rebalancing on Friday
Replies: 37
Views: 2887

Re: Elderly parents heavily invested with Edward Jones- help

I have helped many people move assets from Edward Jones including my mother and my mother-in-law when their husbands passed away. One of the people I helped move from Jones to Vanguard, Jones had some of the money invested in an in-house stock fund. It was mostly invested in utities, but I was unabl...
by DaleMaley
Thu Nov 28, 2013 9:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Elderly parents heavily invested with Edward Jones- help
Replies: 28
Views: 5074

Re: Average Yearly Raises?

I did corporate compensation and benefits for a number of years when I younger (I'm retired now)-----what you will find is the the single largest independent variable driving salary (and hourly pay) increases is CPI. Absent job changes (e.g., promotions, demotions, etc.) salaries tend to increase o...
by DaleMaley
Sun Nov 24, 2013 10:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Average Yearly Raises?
Replies: 97
Views: 5338

Re: Average Yearly Raises?

I entered results into Excel:

n=26
Pay Raise average CAGR = 8.74%
Pay Raise median CAGR = 7.1%

Average Years Worked = 16.9
Median Years Worked = 15.0

Image
by DaleMaley
Sun Nov 24, 2013 10:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Average Yearly Raises?
Replies: 97
Views: 5338

Re: Average Yearly Raises?

Since graduating college with engineering degree in 1978.....CAGR of annual raises = 5.85%

Inflation over the same time period was 3.29%.........so I have done 2.56% better than inflation.
by DaleMaley
Sun Nov 24, 2013 9:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Average Yearly Raises?
Replies: 97
Views: 5338

Re: Windows 7 stability and usability ...

I switched from XP to 7 earlier this year at work..........and it was fine. I heard so many bad things about Windows 8 for desktops.........that I upgraded my home PC from XP to 7 a couple months ago. No issues with 7 at home. At work, we are having issues with 7 replacing XP's. We have old VB softw...
by DaleMaley
Wed Nov 20, 2013 8:01 pm
 
Forum: Personal Consumer Issues
Topic: Windows 7 stability and usability ...
Replies: 40
Views: 2563

Re: Beware of Financial Planning’s Misguided Rules-of-Thumb

Maybe one of the roadblocks to people getting a better understanding of the life cycle concept is the ESPlanner software itself. I spent several hours back in 2007/2008 trying to figure it out. The terminology is written in "economist speak", not in terms an ordinary person can understand....
by DaleMaley
Tue Nov 19, 2013 7:28 am
 
Forum: Investing - Theory, News & General
Topic: Beware of Financial Planning’s Misguided Rules-of-Thumb
Replies: 51
Views: 5054

Re: Advice on what to do summer before senior year high scho

Do you know any general contractors, plumbers, electricians, carpenters, etc? What I plan to do when my child is old enough is send him off to work some of these building type jobs over the summer. EVERYBODY has to do building maintenance of some sort over their life. Usually more when they're youn...
by DaleMaley
Sat Nov 16, 2013 9:03 am
 
Forum: Personal Consumer Issues
Topic: Advice on what to do summer before senior year high school
Replies: 63
Views: 2436

Re: estate planning attorney fees

I paid $900 back in 1999 for..... 1. bypass trust for wife 2. will for wife 3. power of attorney medical forms for wife 4. bypass trust for me 5. will for me 6. power of attorney medical forms for me This included having the attorney review my beneficiary designations on the forms I sent to various ...
by DaleMaley
Wed Nov 13, 2013 7:35 am
 
Forum: Personal Finance (Not Investing)
Topic: estate planning attorney fees
Replies: 29
Views: 2732

Re: Financial failures

Never invest in anything that generates a K-1 tax form (like limited partnerships in the 1980's).
by DaleMaley
Tue Nov 12, 2013 6:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Financial failures
Replies: 55
Views: 3177

Re: Asheville NC as a final destination

We lived in Greenville from 1994-1995. We enjoyed it there. The mountains are just 1 hour north and it is only a few hours to Myrtle Beach. The climate is temperate. The few snows they get last only for a day until they melt. Local children are often shocked when it does snow, because they have neve...
by DaleMaley
Fri Nov 08, 2013 10:17 am
 
Forum: Personal Consumer Issues
Topic: Asheville NC as a final destination
Replies: 65
Views: 4806

Re: Behavioral Finance: non-typical personalities?

Michael Pompion's book, Behavioral Finance and Wealth Management: How to Build Optimal Portfolios That Account for Investor Biases , has a section of how to apply Myers-Briggs personality types to designing appropriate portfolios for investors. From my book review on Amazon: I first read this book, ...
by DaleMaley
Wed Nov 06, 2013 7:15 am
 
Forum: Investing - Theory, News & General
Topic: Behavioral Finance: non-typical personalities?
Replies: 52
Views: 4052

Re: Behavioral Finance: non-typical personalities?

Image

Note that Financial Planner is a suggested career for INTJ's.
by DaleMaley
Wed Nov 06, 2013 7:05 am
 
Forum: Investing - Theory, News & General
Topic: Behavioral Finance: non-typical personalities?
Replies: 52
Views: 4052

Re: Brent Arends: you can beat the market with smart timing

This reminds me of people who come up with "systems" to win the lottery. They claim you can win the lottery with their system, but they've never been able to pull it off themselves. :? Back around 2006, I attended a financial planning conference in Chicago. At lunch, you got a free box lu...
by DaleMaley
Tue Nov 05, 2013 7:39 am
 
Forum: Investing - Theory, News & General
Topic: Brent Arends: you can beat the market with smart timing
Replies: 89
Views: 5427

Re: Did you wish you were more aggressive when you were youn

I was 100% stocks from age 22 until age 45...........so I could not really been more agressive in terms of stocks versus bonds or cash. Because I was in 3 actively managed mutual funds in the 1980s, I did not capture the 18% compounded returns of the 1980s :( . But I found index funds in 1989, so I ...
by DaleMaley
Sat Nov 02, 2013 6:31 pm
 
Forum: Investing - Theory, News & General
Topic: Did you wish you were more aggressive when you were younger?
Replies: 47
Views: 3947

Re: Please help: my widowed Mom confused abt RMDs

My mother and mother-in-law have both been widowed for at least 4 years now. I moved all of their investments to Vanguard. Vanguard makes it easy to do RMDs every year. You just tell them to do it, and they do it automatically. They continue to do it each successive year unless you tell them differe...
by DaleMaley
Thu Oct 31, 2013 7:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help: my widowed Mom confused abt RMDs
Replies: 43
Views: 2146

Re: Emerging market allocation

My target is 5% of total portfolio in EM.

My portfolio is at 68:32 right now, so 5% of 68% is 7.4% of my stock portfolio is EM.

As somebody previously said, having allocations less than 5% are not really worth messing with, because the impact becomes insignificant on the total portfolio performance.
by DaleMaley
Mon Oct 21, 2013 6:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Emerging market allocation
Replies: 18
Views: 1842

Re: William Bernstein: the paradox of wealth

I enjoyed Bernstein's article.

It made me think of Hans Rosling's amazing stats video on world conditions improving over time......

http://www.ted.com/talks/hans_rosling_s ... _seen.html
by DaleMaley
Sun Oct 13, 2013 7:15 am
 
Forum: Investing - Theory, News & General
Topic: William Bernstein: the paradox of wealth
Replies: 83
Views: 17504

Re: London and Paris Hotels

In mid-August, my wife and I visited London for 4 nights. I had been to London on business before, but she had not. When I stayed before, I was in a really small room with about 1 foot around the bed. This trip I wanted a nicer place, so I picked the Doubletree by Hilton Hotel London - Westminster -...
by DaleMaley
Wed Oct 02, 2013 7:33 pm
 
Forum: Personal Consumer Issues
Topic: London and Paris Hotels
Replies: 48
Views: 2934

Re: A personal story about investor behavior

umfundi wrote:
download the annual losing prices

Wonderful slip!

Keith



oooops..............I fixed the typo.........thanks
by DaleMaley
Tue Oct 01, 2013 7:44 pm
 
Forum: Investing - Theory, News & General
Topic: A personal story about investor behavior
Replies: 16
Views: 2640

Re: A personal story about investor behavior

After recently reading Roth's diary on the Great Depression, I was curious if an index fund approach would have worked for the Great Depression. I was able to go to the Dow Jones web site, DJaverages.com, and download the annual closing prices of the Dow Jones Industrial Average. Unfortunately, ther...
by DaleMaley
Tue Oct 01, 2013 7:32 pm
 
Forum: Investing - Theory, News & General
Topic: A personal story about investor behavior
Replies: 16
Views: 2640

Re: How did you/your child pay for college?

I worked summer's at my uncle's plumbing shop to pay my way through college. Back in the late 1970s, I could earn enough in one summer to pay for the upcoming year of college........but by my senior year..college costs were rising so fast, I just barely made enough to cover my senior year. It amaze...
by DaleMaley
Sun Sep 29, 2013 8:17 pm
 
Forum: Personal Consumer Issues
Topic: How did you/your child pay for college?
Replies: 151
Views: 8463

Re: How did you/your child pay for college?

I worked summer's at my uncle's plumbing shop to pay my way through college. Back in the late 1970s, I could earn enough in one summer to pay for the upcoming year of college........but by my senior year..college costs were rising so fast, I just barely made enough to cover my senior year. While in ...
by DaleMaley
Sun Sep 29, 2013 7:42 am
 
Forum: Personal Consumer Issues
Topic: How did you/your child pay for college?
Replies: 151
Views: 8463
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