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Re: To MBA or Not to MBA

In my 37 years of industry experience, a Master's in Engineering does not give near the reward an MBA does.

A Phd in engineering automatically gets you moved up the food chain of engineering when you start work, but a MS doesn't do much for you.
by DaleMaley
Mon Mar 23, 2015 6:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: To MBA or Not to MBA
Replies: 37
Views: 4271

Re: To MBA or Not to MBA

After working for about 9 years as an engineer in a Fortune 50 cyclic company, I almost got laid off in one of the periodic down turns. Since the company paid most of the cost of a night-class MBA, I decided to pursue the MBA.......so if I did get laid off in the future, I would be better qualified ...
by DaleMaley
Mon Mar 23, 2015 6:17 am
 
Forum: Personal Finance (Not Investing)
Topic: To MBA or Not to MBA
Replies: 37
Views: 4271

Re: Is it actually impossible to time market crashes?

I don't know how to predict the next bubble, but it is fun to look back at the common themes of the last major bubbles:

Image
by DaleMaley
Thu Feb 26, 2015 7:27 am
 
Forum: Investing - Theory, News & General
Topic: Is it actually impossible to time market crashes?
Replies: 56
Views: 3128

Re: How do you plan on spending your time during retirement?

I plan on continuing my many hobbies when I retire: 1. Woodworking -continue to make new woodworking projects and give them to family members as Christmas gifts -continue to maintain or remodel houses of family members -learn a new skill each year. Last year was making ink pens and using Kokomo glas...
by DaleMaley
Tue Feb 24, 2015 7:08 am
 
Forum: Personal Consumer Issues
Topic: How do you plan on spending your time during retirement?
Replies: 43
Views: 3206

Re: How much did you have saved up for retirement at age 30?

My net worth at age 30 was $98,000 in 1985.............which is $212,000 in 2014 dollars. When I got out of college and starting working as an engineer, I saved anywhere from 15% minimum to a maximum of 25% of gross pay. When I started investing in 1979, inflation was in double-digits, the prime int...
by DaleMaley
Tue Feb 24, 2015 6:57 am
 
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 173
Views: 13242

Re: Rental Car Prices - is this the new normal ?

My company has a deal with National, and it is ok to rent cars for vacation using the same deal. I have done this many times and it is a pretty good deal. Someone dented one of my rental cars on vacation, and I did not know it even happened until I returned the car. National tried to hassle me abou...
by DaleMaley
Mon Feb 16, 2015 7:32 am
 
Forum: Personal Consumer Issues
Topic: Rental Car Prices - is this the new normal ?
Replies: 89
Views: 8129

Re: Rental Car Prices - is this the new normal ?

My company has a deal with National, and it is ok to rent cars for vacation using the same deal. I have done this many times and it is a pretty good deal. Someone dented one of my rental cars on vacation, and I did not know it even happened until I returned the car. National tried to hassle me about...
by DaleMaley
Sun Feb 15, 2015 8:48 am
 
Forum: Personal Consumer Issues
Topic: Rental Car Prices - is this the new normal ?
Replies: 89
Views: 8129

Re: Farmland investing

I grew up on a farm in Central Illinois. I have checked land prices in our area clear back to 1900. Our local weekly newspaper has a history section, and it often has a story about how much land sold for. Most of the time I plug in the historic land price, and the appreciation rate just about matche...
by DaleMaley
Tue Feb 03, 2015 6:47 am
 
Forum: Investing - Theory, News & General
Topic: Farmland investing
Replies: 30
Views: 3043

Re: Quicken 2015 for Windows - Any reviews?

I bit the bullet and upgraded to 2015 Deluxe. I got it for $37 from 50% off deal that shows up when I started Quicken 2012. Everything seems ok with 2015 Deluxe. I had to screw around and get the register font size and color set close to what I am used to. At least it is pretty easy to change these....
by DaleMaley
Sat Jan 17, 2015 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Quicken 2015 for Windows - Any reviews?
Replies: 109
Views: 19319

Re: Get ready for lower SWR

Longer life excpectancies always seems to be a popular topic. A couple years ago, to satisfy my own curiousity, I plotted the change in life expectancy over time. I got my data from several sources, I don't remember the exact sources now: http://i59.tinypic.com/nz990.jpg So yes, the advent of modern...
by DaleMaley
Tue Jan 13, 2015 6:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Get ready for lower SWR
Replies: 13
Views: 2093

Re: Is there a bias in calculating safe withdrawal rate?

The 4% SWR rule is also based on a 30 year retirement period. As that 30 year period becomes longer, the 4% rate starts to get smaller.
by DaleMaley
Fri Jan 09, 2015 7:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Is there a bias in calculating safe withdrawal rate?
Replies: 30
Views: 2315

Re: Is it speculation to use the Callan Periodic table?

As Taylor mentioned in his post, we humans love to look for visual patterns..............probably a left-over from our prehistoric days when glimpsing the outline of a lion was very critical :D A few years ago I took a printed-out Callan table to work.......100% of the guys who looked at it immediat...
by DaleMaley
Wed Jan 07, 2015 7:38 pm
 
Forum: Investing - Theory, News & General
Topic: Is it speculation to use the Callan Periodic table?
Replies: 35
Views: 3599

Re: Poll: How long have you been with your current AA?

Age 22 (1977) started investing at 100:0......kept for 23 years Age 45 (2000) changed to 90:10.......kept for 8 years. Age 53 (2008) changed to 60:40.......maintained it for 8 years....plan on staying with it during retirement. I made a shift to 10% bonds in Jan 2000, because I knew I needed to grad...
by DaleMaley
Sat Jan 03, 2015 1:40 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: How long have you been with your current AA?
Replies: 44
Views: 2523

Re: Firing a financial advisor

Since the OP is moving retirement accounts, and not taxable accounts.....the ploy that some of the large brokerage houses have tried with my family members moving to Vanguard won't apply. The ploy goes something like this, "Oh but you will have to pay capital gains taxes if you move it to Vangu...
by DaleMaley
Fri Dec 26, 2014 7:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Firing a financial advisor
Replies: 6
Views: 1189

Re: Taxes in retirement

I find it a lot quicker and easier to do these type of simulations in TurboTax versus an Excel spreadsheet. I assume the other tax preparation programs could be used as well to do these kinds of studies.
by DaleMaley
Sun Dec 07, 2014 10:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Taxes in retirement
Replies: 4
Views: 863

Re: What do you splurge on?

Woodworking tools. Although most of the items I make I give as Christmas gifts to family members. The most difficult thing I have ever made is a 1905 lamp reproduction: http://i45.tinypic.com/2w6utlg.jpg More details on the 1905 lamp project at... http://dalemaley.webs.com/1905lampreproduction.htm I...
by DaleMaley
Wed Nov 26, 2014 9:07 pm
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 237
Views: 25227

Re: Bogleheads, tell me about your 40's?

I turned 40 in 1995. My 40's were an exciting and activity filled time. In 1994, we moved from Illinois to Greenville, SC, to start up a new plant. I was consumed with the plant start-up, and my wife was busy moving the 2 kids to new schools and new activities. In 1995, we moved to Athens, Georgia, ...
by DaleMaley
Sun Nov 16, 2014 9:38 am
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 103
Views: 20256

Re: Your favorite classic toys for kids

When I was a kid in the 1960's, my favorite toy besides my Lionel train set, was Mr. Machine the robot. http://i58.tinypic.com/34gsk1x.jpg If I remember right, the first 2 years he was sold, you could completely dis-assemble the robot, and put it back together again. This is the model I had. Then th...
by DaleMaley
Thu Nov 13, 2014 7:19 pm
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 5677

Re: How do you automatically rebalance?

Each December, I review and update my own financial plan. Part of this process is to update my Excel asset allocation spreadsheet. My target is 60:40. If I get more than 5% away from the target, I rebalance. I use my 401K account to do the rebalancing, so there is no tax impact. If my AA has risen t...
by DaleMaley
Thu Nov 06, 2014 7:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do you automatically rebalance?
Replies: 38
Views: 3021

Re: Sump Pump Running Every 8 Minutes?

Our water table level is relatively high in Central Illinois. When our house was one of the few in our small subdivision of 30 homes, my sump ran every 3 minutes in February through March time-frame. It ran much less frequently the rest of the year. I only got about 5 years per sump pump back then. ...
by DaleMaley
Wed Oct 08, 2014 4:55 am
 
Forum: Personal Consumer Issues
Topic: Sump Pump Running Every 8 Minutes?
Replies: 18
Views: 2292

Re: What was your initial AA and how has that worked out?

I started investing at age 23 and stayed with 100% stocks until age 45. At 45, in Jan of 2000, I switched to 90:10 and stayed with it until age 53 in Jan of 2008, and went to 60:40. I plan on staying 60:40 through retirement as well. I switched from actively managed mutual funds to index funds in 19...
by DaleMaley
Mon Oct 06, 2014 5:38 am
 
Forum: Investing - Theory, News & General
Topic: What was your initial AA and how has that worked out?
Replies: 32
Views: 2696

Re: When to throw out childhood toys? Encourage me please.

One of my favorite childhood toys was Mr. Machine. You could completely dis-assemble him and put him back together again. They only made the dis-assembly models a couple of years, then they switched to a model you can not dis-assemble. I don't know what happened to my original, so a few years ago I ...
by DaleMaley
Sun Sep 21, 2014 10:03 am
 
Forum: Personal Consumer Issues
Topic: When to throw out childhood toys? Encourage me please.
Replies: 34
Views: 2515

Re: When to throw out childhood toys? Encourage me please.

We had 4 kids in our family. When we all got married and were living on our own, my mother started giving us our old stuff back to us in the form of Christmas presents. Then we could decide on our own to keep it or trash it. A buddy of mine at work told his grown kids that he was getting a dumpster ...
by DaleMaley
Sun Sep 21, 2014 8:40 am
 
Forum: Personal Consumer Issues
Topic: When to throw out childhood toys? Encourage me please.
Replies: 34
Views: 2515

Re: Is it me, or are "collectibles" worthless in 2014?

As someone already posted, it is surprising to watch Road Show Antiques TV show, where they re-run a 1999 show, then show the 2012 prices. I would have expected most antiques to at least hold their value ove 13 years, but this is not the case. It seems like the majority of items go down in value, wi...
by DaleMaley
Sun Aug 24, 2014 6:25 am
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 7047

Re: Your opinion of mint.com

I tried mint.com back in 2011,, and got very frustrated with it for tracking investments. From my posting back in 2011...... See this link........http://satisfaction.mint.com/mint/topics/cannot_add_my_vanguard_account I tried Mint.com a few weeks ago, and I could not get my vanguard account to be re...
by DaleMaley
Thu Aug 07, 2014 4:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Your opinion of mint.com
Replies: 38
Views: 3487

Re: Who or what inspired you and your investing approach?

In the late 1970's, I used to go over to my friends house and I noticed a Money magazine laying out in his brother's room. I thumbed through it....it looked interesting....so I subscribed to it around 1978. In 1979, I took an adult ed class taught by an Edward Jones broker. As a text book, he used V...
by DaleMaley
Wed Aug 06, 2014 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who or what inspired you and your investing approach?
Replies: 93
Views: 4887

Re: How much do you spend on your hobby annually?

Dale:

Your woodwork is beautiful! Thank you for sharing.

Note: The first two links did not work for me?

Best wishes.
Taylor[/quote]

Oooops, I did not do the links right..........I fixed them in the original post.......thanks
by DaleMaley
Sun Jul 13, 2014 2:23 pm
 
Forum: Personal Consumer Issues
Topic: How much do you spend on your hobby annually?
Replies: 77
Views: 7749

Re: How much do you spend on your hobby annually?

My main hobby is woodworking. The good thing about woodworking, once you make the investment in the main power tools, then the on-going expenses are relatively low......wood and consumables (glue, sand-paper, varnish, stain, etc). I probably average less than $1,000 per year the last 10 years on the...
by DaleMaley
Sun Jul 13, 2014 11:57 am
 
Forum: Personal Consumer Issues
Topic: How much do you spend on your hobby annually?
Replies: 77
Views: 7749

Re: Investing is starting to get boring

It did not really click in my brain, until I read something written by William Bernstein, there is not that much to investing, compared to other fields like engineering, computer science, or medicine. After reading over 200 books on investing and writing 50+ short stories on investing, I have come t...
by DaleMaley
Sun Jul 13, 2014 11:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing is starting to get boring
Replies: 39
Views: 4426

Re: Dreman now recommending S&P 500 funds

http://www.cbsnews.com/news/dws-dreman- ... isnt-gold/

Nice article about how Dreman sold his fund and how the ER was raised significantly........
by DaleMaley
Thu Jul 10, 2014 5:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Dreman now recommending S&P 500 funds
Replies: 2
Views: 640

Re: Having Doubts About My 60/40 Allocation

I was 100:0 from age 22 until age 45, then went to 90:10 stocks:bonds. At age 53, I switched from 90:10 to 60:40, and plan to keep it at 60:40 thru retirement. I stayed-the-course through the 1987 1-day crash, the Tech Wreck of 2000, and the Sub-Prime Crash of 2008. It is tough to stay the course at...
by DaleMaley
Fri Jul 04, 2014 7:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Having Doubts About My 60/40 Allocation
Replies: 43
Views: 3254

Re: [Poll] Have you taken any Investments course?

When I got my engineering degree.......about the only investment related classes I had were in regards to payback period for an investment, and the concept of net present value. I did take an elective class in Agricultural Economics........and did learn some basic business concepts....including an i...
by DaleMaley
Sat Jun 21, 2014 9:49 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] Have you taken any Investments course?
Replies: 60
Views: 3082

Re: Market fluctuation in late 2008

My chart of typical bubble indicators:

Image
by DaleMaley
Wed May 28, 2014 5:04 am
 
Forum: Investing - Theory, News & General
Topic: Market fluctuation in late 2008
Replies: 51
Views: 3588

Re: [favorite] Boglehead quotes

John Bogle....... Do you really want to invest in a system where you put up 100 percent of the capital, you, the mutual fund shareholder, you take 100 percent of the risk, and you get 30 percent of the return?” Talking about the American 401K system...........http://www.pbs.org/wgbh/pages/frontline/...
by DaleMaley
Tue May 27, 2014 5:36 am
 
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 42
Views: 3923

Re: The in-laws are broke!

The short-term financial health of the parents is just one consideration. There may be tougher situations coming up in the future. One of them could could have health or mental issues and require assisted living or a nursing home. The surviving spouse may also have issues. These longer-term situatio...
by DaleMaley
Mon May 26, 2014 8:02 am
 
Forum: Personal Finance (Not Investing)
Topic: The in-laws are broke!
Replies: 128
Views: 16717

Re: Market fluctuation in late 2008

Back in December of 2007, I did my annual portfolio financial review, and decided to reduce my risk level from 90:10 to 60:40. I did this based upon my age of 52 at that time. I was 100:0 from age 23 until age 45, when I switched to 90:10. My 60:40 portfolio made it a lot easier to stomach the Sub-P...
by DaleMaley
Mon May 26, 2014 7:48 am
 
Forum: Investing - Theory, News & General
Topic: Market fluctuation in late 2008
Replies: 51
Views: 3588

Re: High Net Worth Investing

I like Warren Buffett's perspective on gold investing...as a hedge for future disasters....... in his 2011 annual report........http://www.berkshirehathaway.com/letters/2011ltr.pdf The second major category of investments involves assets that will never produce anything, but that are purchased in th...
by DaleMaley
Wed May 14, 2014 7:03 pm
 
Forum: Investing - Theory, News & General
Topic: High Net Worth Investing
Replies: 84
Views: 10986

Re: what is the hardest financial decision?

For me, staying the course through the Tech Crash of 2000 and the Sub-Prime Crash of 2008 were tough. I also find it hard to annually rebalance when the stock market is really doing well. For other people, I have seen it tough to decide how to invest money received from the death of a family member....
by DaleMaley
Sun May 11, 2014 8:04 am
 
Forum: Personal Finance (Not Investing)
Topic: what is the hardest financial decision?
Replies: 55
Views: 5073

Re: IL resident, anyone have issue with state tax?

Back in 1979, I moved back to Illinois from Michigan and had income in both states. Did my returns on paper with a calculator and had no issues. Back in 1999, I moved back to Illinois from Georgia. Again had income in both states. Used Turbotax, filed by paper, and had no issues. I have probably fil...
by DaleMaley
Tue May 06, 2014 5:32 am
 
Forum: Personal Finance (Not Investing)
Topic: IL resident, anyone have issue with state tax?
Replies: 5
Views: 634

Re: Net Worth Survey, 2014 Edition

I ignored the negative net worths, and used net worth without SS or pensions (column F)........

Image

The y-axis is what percent fell into each bucket on the X-axis.
by DaleMaley
Sat Apr 19, 2014 9:13 am
 
Forum: Investing - Theory, News & General
Topic: Net Worth Survey, 2014 Edition
Replies: 149
Views: 25131

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 5:24 am
 
Forum: Investing - Theory, News & General
Topic: The World Top Incomes Database
Replies: 5
Views: 1106

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 2:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Looking at top 1% for actionable insight
Replies: 73
Views: 9272

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 6:18 pm
 
Forum: Investing - Theory, News & General
Topic: Favorite Investing Book?
Replies: 50
Views: 5426

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 6:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 10550

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 6:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 10550

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 6:43 pm
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 17086

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 8:12 pm
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 17086

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 6:12 pm
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 17086

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 6:53 am
 
Forum: Investing - Theory, News & General
Topic: Edward Jones ignores do-not-call lists
Replies: 20
Views: 1780

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 8:45 am
 
Forum: Investing - Theory, News & General
Topic: Nice article on diversified index fund investing
Replies: 2
Views: 433
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