Search found 4595 matches

by Fallible
Fri Jul 31, 2015 9:14 pm
Forum: Personal Consumer Issues
Topic: Amazon reviews
Replies: 21
Views: 1856

Re: Amazon reviews

I rarely read the Amazon reviews because I don't think the expertise or quality is always there and I'm not willing to spend time looking for what I would consider the better ones. I also don't quite trust some reviewers' motives (vested interests?). I'd rather stick with reviewers in the NYT, New Y...
by Fallible
Thu Jul 30, 2015 4:12 pm
Forum: Investing - Theory, News & General
Topic: "Pants on Fire: 10 Big Lies in the Financial Services Industry" by Bob Seawright/Above the Market Blog
Replies: 5
Views: 1454

Re: "Pants on Fire: 10 Big Lies in the Financial Services Industry" by Bob Seawright/Above the Market Blog

Another gem by Bob Seawright, author of the "Above the Market" blog. I like his style, especially on this one. "Pants on Fire: 10 Big Lies in the Financial Services Industry" (Above the Market/Bob Seawright, June 7, 2015)": https://rpseawright.wordpress.com/2015/06/07/pants...
by Fallible
Wed Jul 29, 2015 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Slate Article: Dream on Babyboomers-Semiretirement is a Myth
Replies: 51
Views: 7614

Re: Slate Article: Dream on Babyboomers-Semiretirement is a

The definition of a job needs to be expanded. If you drive for Uber, you set your own hours, full time or part time, weekdays or weekends, days or evenings. If you write books or create YouTube videos as Rick Van Ness does, nobody cares whether you are in your 60s or 70s. New York Times often run a...
by Fallible
Wed Jul 29, 2015 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: when the rubber hits the road [updated]
Replies: 33
Views: 2730

Re: When the rubber his the road - an update

I'm very sorry to learn of your condition. Your acceptance of the diagnosis and understanding of the disease, along with the preparation and other steps you've taken thus far to deal with it, will greatly ease things for you and your family. And now enjoy those vacation trips!
by Fallible
Wed Jul 29, 2015 5:26 pm
Forum: Investing - Theory, News & General
Topic: "The Maleficent 7" by Bob Seawright/Above the Market Blog
Replies: 4
Views: 725

Re: "The Maleficent 7" by Bob Seawright/Above the Market Blog

I like a lot of what Bob Seawright writes on his Above the Market Blog. I thought this article, which is focused on the psychological/behavioral dimensions of investing, was especially good. Mr. Seawright may be a little on the "Wall Streety" side (he owns Madison Avenue Securities, a bro...
by Fallible
Wed Jul 29, 2015 1:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: MN Bogleheads Mtg. Sat. August 1, 10:00 am
Replies: 5
Views: 449

Re: MN Bogleheads Mtg. Sat. August 1, 10:00 am

Great agenda. Lots of informative discussion planned on helping folks find an investment that is right for them, especially one within their tolerance for risk. See you Saturday.
by Fallible
Tue Jul 28, 2015 6:05 pm
Forum: Investing - Theory, News & General
Topic: Why is stock market so reactionary to news on daily basis?
Replies: 46
Views: 2779

Re: "Investment Pornography"

Roterhead: Thank you for your appropriate cartoon. I no longer subscribe to business magazines, investment newsletters or watch business news on TV. I have learned it is a complete waste of time for stay-the-course investors like myself. Watching this stuff takes away from more important endeavors ...
by Fallible
Tue Jul 28, 2015 4:53 pm
Forum: Investing - Theory, News & General
Topic: The forgotten inaccuracies of our small predictions
Replies: 18
Views: 1858

Re: The forgotten inaccuracies of our small predictions

This is apparently also how memory works, to some extent--a recollection of the memory isn't just an opening of the mental file but an overwriting of it. Memory does seem to be part of what Nisiprius describes and this from psychologist Daniel Kahneman on the "remembering self" may apply,...
by Fallible
Tue Jul 28, 2015 3:20 pm
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 113
Views: 6144

Re: wife got in wreck with Honda CRV - no collison coverage

... I got the estimate from the body shop of $8500.00 and that is a quick estimate. If broken down, and a few more things discovered it could be $9500.00. The engine is still good and running. The frame was not bent. The suspension did get messed up as well as the hood, quarter panel on one side, r...
by Fallible
Tue Jul 28, 2015 12:32 pm
Forum: Investing - Theory, News & General
Topic: Why is stock market so reactionary to news on daily basis?
Replies: 46
Views: 2779

Re: Why is stock market so reactionary to news on daily basis?

Some of it is animal spirits. But a lot of it is that the market goes up and down, and we humans try to find a reason why it moved. When a reason doesn't really exist. Yes, and we look for reasons because even with meaningless short-term events, the brain is wired to look for meaning or patterns. A...
by Fallible
Tue Jul 28, 2015 11:30 am
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 113
Views: 6144

Re: wife got in wreck with Honda CRV - no collison coverage

You haven't said who caused the other wrecks your wife was in, but "several" would be enough for the two of you to have some serious talks to determine if there are similarities in each accident. Even if they were not her fault, you need to know whether they might have been avoided with be...
by Fallible
Mon Jul 27, 2015 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to Simplify Portfolio
Replies: 41
Views: 2010

Re: Looking to Simplify Portfolio

Hi. 3. I am unsure what my allocations *should* be. A question like this turns into a long, drawn-out answer from my FA at UBS. I am a small-business owner and do not necessarily have as much time as I would like to educate myself which is why I have been using the FA for the past decade. I have co...
by Fallible
Mon Jul 27, 2015 3:20 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 999
Views: 160531

Re: What Movie Have You Recently Watched?

Yes, hindsight is just that. And once the grenade was spotted, he was justified - and trained - to shoot. People go through training of all kinds, but when you have to do something the first time for real who knows how you will act. Who is to say if he had shot the mom earlier, that the son wouldn'...
by Fallible
Mon Jul 27, 2015 3:01 pm
Forum: Investing - Theory, News & General
Topic: The forgotten inaccuracies of our small predictions
Replies: 18
Views: 1858

Re: The forgotten inaccuracies of our small predictions

The same thing happens to me with books. I read the book, and form a mental image of the characters and the settings. Of course, if this is a series of books, my mental image gets stronger and stronger with each book. And then the movie or TV series comes out and I'm completely disgruntled that MY ...
by Fallible
Mon Jul 27, 2015 1:54 pm
Forum: Investing - Theory, News & General
Topic: The forgotten inaccuracies of our small predictions
Replies: 18
Views: 1858

Re: The forgotten inaccuracies of our small predictions

I would say the mental images you describe are the imagination at work and it's a beautiful thing, the imaginative mind. Losing what is imagined seems more a matter of memory, though I couldn't explain it and it's less important anyway. Being able to imagine is most important. “Imagination is more i...
by Fallible
Mon Jul 27, 2015 12:05 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 999
Views: 160531

Re: What Movie Have You Recently Watched?

American Sniper . It was better than I expected, I liked it. Acting was very good, but by the time the movie ended, it seemed the sniper angle was almost incidental to the psychological impact of war. Also, I was puzzled by some of the early sniper scenes, in particular the woman and young boy. Why...
by Fallible
Mon Jul 27, 2015 10:26 am
Forum: Investing - Theory, News & General
Topic: Motley Fool - Good Enough Why rules of thumb beat precision
Replies: 30
Views: 2996

Re: Motley Fool - Good Enough Why rules of thumb beat precision

Rules of thumb may not always or necessarily beat precision, but as Housel says, "In a messy world of emotions and misinformation, broad rules of thumb can be an excellent strategy. Rules of thumb aren't perfect, of course. But that's their advantage. By starting with a strategy you know isn't ...
by Fallible
Mon Jul 27, 2015 10:00 am
Forum: Investing - Theory, News & General
Topic: Book Recommendation for New Investor
Replies: 10
Views: 599

Re: Book Recommendation for New Investor

Hello. My 24 year old daughter has set-up her first investment account using Vanguard funds recommended by my financial planner. She's asked me for some book and/or blog recommendations to learn the basics of investing. Forum member recommendations are valued and appreciated. Another vote for John ...
by Fallible
Mon Jul 27, 2015 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Need a Piece of Evidence on the Boglehead Strategy
Replies: 34
Views: 2852

Re: Need a Piece of Evidence on the Boglehead Strategy

Hey Everyone, I received some very thoughtful responses to a question I asked last time about moving mine and my wife's portfolio from an adviser that charges a 1% fee to Vanguard. This person also I'm just finding out has us invested in funds with a load of 5.75% on average, which I'm assuming we ...
by Fallible
Sun Jul 26, 2015 10:24 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 999
Views: 160531

Re: What Movie Have You Recently Watched?

American Sniper . It was better than I expected, I liked it. Acting was very good, but by the time the movie ended, it seemed the sniper angle was almost incidental to the psychological impact of war. Also, I was puzzled by some of the early sniper scenes, in particular the woman and young boy. Why...
by Fallible
Sun Jul 26, 2015 10:10 pm
Forum: Investing - Theory, News & General
Topic: Scott Burns – Don’t quit your day job.
Replies: 103
Views: 10407

Re: Scott Burns – Don’t quit your day job.

... This year Scott Burns is telling us not to quit our day jobs. Last year he was telling us to be sure and get our bucket list done before age 80. http://assetbuilder.com/scott_burns/the_hedonic_clock Young Morgan Housel seems to have the correct perspective on matters involving precision vs. rul...
by Fallible
Sun Jul 26, 2015 7:16 pm
Forum: Personal Consumer Issues
Topic: Can you return food at a restaurant and not have to pay for it?
Replies: 46
Views: 4377

Re: Can you return food at a restaurant and not have to pay for it?

Last week, I had a lunch with an old friend who I haven't seen in quite a long time. We decided to eat a local restaurant that was somewhat more expensive than where I typically dine. My friend ordered a roast beef panini that cost $20. When the panini was served, my friend took one look at it and ...
by Fallible
Sun Jul 26, 2015 5:08 pm
Forum: Investing - Theory, News & General
Topic: Is the commodity implosion foretelling a stock market crash?
Replies: 28
Views: 3042

Re: Is the commodity implosion foretelling a stock market crash?

pkcrafter wrote:Nisiprius wrote:
Maybe the general rule is that whatever indicator is foretelling a stock market crash is the indicator we are apt to pay attention to.

Yes, but it's always better to choose the indicator after the event.
Paul

:)
by Fallible
Sun Jul 26, 2015 1:14 pm
Forum: Investing - Theory, News & General
Topic: Scott Burns – Don’t quit your day job.
Replies: 103
Views: 10407

Re: Scott Burns – Don’t quit your day job.

Burns isn't predicting anything; he's just sayin' based on, as he said, "simple arithmetic." And it's all good to know, even if for some it's just a reminder, for those planning for retirement and those retired. The only quibble I'd have is that he ends with the only advice to not quit a d...
by Fallible
Sun Jul 26, 2015 12:33 pm
Forum: Personal Consumer Issues
Topic: Would you look down on a co-worker for driving a beater?
Replies: 172
Views: 10607

Re: Would you look down on a co-worker for driving a beater?

OP, I'd be more concerned about what you think others think about you and your cars than what others actually think about you and your cars. Besides, we can't know what others think. Think about that.
by Fallible
Sat Jul 25, 2015 10:12 pm
Forum: Investing - Theory, News & General
Topic: Fear Not the Inevitable Stock Market Correction
Replies: 19
Views: 3540

Re: Fear Not the Inevitable Stock Market Correction

Many recent posters have expressed concerns about today's elevated stock market levels and their fear of a market correction. This post is intended to give a broader, historical perspective on yearly market drops and to show they are, 1) very common, and 2) not an impediment to strong annual gains....
by Fallible
Fri Jul 24, 2015 11:14 pm
Forum: Investing - Theory, News & General
Topic: The Psy-Fi Blog's "The Big List of Behavioral Biases"
Replies: 2
Views: 435

Re: The Psy-Fi Blog's "The Big List of Behavioral Biases"

Seems a good site, but who's behind it? Didn't see an About page. Also surprised not to see Daniel Kahneman's "Thinking, Fast and Slow" on the reading list. The BH wiki has a list of behavioral pitfalls and more on BE, plus "The Bogleheads' Guide to Investing" has a good chapter ...
by Fallible
Wed Jul 22, 2015 11:59 pm
Forum: Investing - Theory, News & General
Topic: "The Value of Financial Advice" by Wade Pfau
Replies: 13
Views: 2177

Re: "The Value of Financial Advice" by Wade Pfau

Very interesting article and thanks for posting, Taylor. I did have trouble with that part of the "Conclusion" that states: "If you have the time, interest, energy, knowledge, emotional discipline, and desire to do this on your own, then you would make an excellent advisor. If your ad...
by Fallible
Wed Jul 22, 2015 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Bogle backfire?
Replies: 66
Views: 7747

Re: Bogle backfire?

I am a follower of the boglehead tenets. While new member, I am a long time lurker and have spent tons of time reading the site and books from Bogle, Swedroe and cohorts. I have some observations and experiences that I wanted to share. This is meant more as a discussion than a critique of Boglehead...
by Fallible
Wed Jul 22, 2015 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Parent caught up in forex (vietnamese dong) scam... What should I do?
Replies: 44
Views: 5364

Re: Parent caught up in forex (vietnamese dong) scam... What should I do?

A couple months ago my mom called and told about an "investment opportunity" that she had already put her money in, and didn't want me to miss out (or any of my siblings, some of which had already put their money in too). A friend had told her about an imminent revaluation of the Vietname...
by Fallible
Wed Jul 22, 2015 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Bogle backfire?
Replies: 66
Views: 7747

Re: Bogle backfire?

I am a follower of the boglehead tenets. While new member, I am a long time lurker and have spent tons of time reading the site and books from Bogle, Swedroe and cohorts. I have some observations and experiences that I wanted to share. This is meant more as a discussion than a critique of Boglehead...
by Fallible
Wed Jul 22, 2015 7:48 pm
Forum: Personal Consumer Issues
Topic: Greatest money lesson movie
Replies: 63
Views: 5597

Re: Greatest money lesson movie

dumbmoney wrote:Fargo


If it's not the greatest movie about money, this surely is one of the greatest scenes.
https://m.youtube.com/watch?v=8cOlwnJ24AE
by Fallible
Wed Jul 22, 2015 10:38 am
Forum: Personal Consumer Issues
Topic: Greatest money lesson movie
Replies: 63
Views: 5597

Re: Greatest money lesson movie

Among the greatest, "The Maltese Falcon."
https://m.youtube.com/watch?v=hp7130Bjec4
by Fallible
Mon Jul 20, 2015 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for 23 year old aggressive investor
Replies: 19
Views: 1578

Re: Investing for 23 year old aggressive investor

... I currently do not have other investments besides about 15k in 30yr bonds that haven't matured yet that I inherited. This is my first job out of college that I started in january. I'd consider myself aggressive because of my long time horizon and would be ok with a 30% market drop at this point...
by Fallible
Mon Jul 20, 2015 6:08 pm
Forum: Personal Consumer Issues
Topic: Home made dog food
Replies: 7
Views: 658

Re: Home made dog food

Were you able to get a vet's diagnosis of your dog's problems? If so, was any treatment recommended and tried? Vets have many different kinds of food to recommend depending on the problem and nutrients needed.
by Fallible
Mon Jul 20, 2015 4:14 pm
Forum: Personal Consumer Issues
Topic: Recommend a magazine with good writing like the New Yorker
Replies: 53
Views: 3322

Re: Recommend a magazine with good writing like the New Yorker

While as a science person, I definitely understand all the reasons why this is a good thing, for my personal reading, I find I do prefer having personal insights, like how the issues discuss directly impact and affect individuals and their emotions, even if it's not representative of the whole. In ...
by Fallible
Mon Jul 20, 2015 1:34 pm
Forum: Personal Consumer Issues
Topic: Recommend a magazine with good writing like the New Yorker
Replies: 53
Views: 3322

Re: Recommend a magazine with good writing like the New Yorker

After The New Yorker, The Atlantic, and Harper's and after that (and also reading special interest articles from other good publications) who's got time after also reading good books? If only Saturday Review (formerly Saturday Review of Literature) under Norman Cousins were still around, I'd still p...
by Fallible
Sun Jul 19, 2015 10:32 am
Forum: Investing - Theory, News & General
Topic: A Visual History of Market Crash Predictions
Replies: 12
Views: 2355

Re: A Visual History of Market Crash Predictions

A good read and thanks for the post. I checked the website's "About" page to see who is behind it all and found this reference to the Bogleheads: Andy Hagans, Editor in Chief, and Poseidon Financial CEO: Andy is an entrepreneur with a background in marketing and finance. He is passionate a...
by Fallible
Sat Jul 18, 2015 1:26 pm
Forum: Investing - Theory, News & General
Topic: What does Jamie Dimon know? -- "Don't freak out."
Replies: 2
Views: 811

Re: What does Jamie Dimon know? -- "Don't freak out."

Dimon basically is reminding investors forever prone to get hung up on the short-term to think long-term, to keep it in perspective. The article's last graf nicely sums it up: "The mistake isn't in failing to heed the news. Instead, it lies in giving the short-term news cycle far too much weigh...
by Fallible
Fri Jul 17, 2015 6:36 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig, Behavioral Finance: What Good Is It, Anyway?
Replies: 21
Views: 2979

Re: Jason Zweig, Behavioral Finance: What Good Is It, Anyway?

I was glad to hear Zweig does know what good behavioral finance is :) (I boldfaced some of his comments): "Whether you are able to turn the theory of behavioral finance into the practice of superior investment management does not depend on how diligently you master the research of the great min...
by Fallible
Fri Jul 17, 2015 5:27 pm
Forum: Investing - Theory, News & General
Topic: "My Too-Long Journey To Becoming An Index Fund Investor"
Replies: 12
Views: 2412

Re: "My Too-Long Journey To Becoming An Index Fund Investor"

Many of us Bogleheads took that "Too-long journey" that Rick writes about. I didn't discover Jack Bogle and indexing until the late '80s, but at least I discovered them. "Thanks to Rick for another good article and to Taylor for the link. I also liked the reference to the problem with...
by Fallible
Fri Jul 17, 2015 1:26 pm
Forum: Investing - Theory, News & General
Topic: Emergency boglehead evangelist kit?
Replies: 19
Views: 2079

Re: Emergency boglehead evangelist kit?

So a unique opportunity came up. I got to meet the individual who manages the benefits programs for our mid-sized company. This person decides which 401k vendor to use and such. This person is also fairly new to the job and not tied past decisions. As I talked with the person I learned that they we...
by Fallible
Thu Jul 16, 2015 1:37 pm
Forum: Investing - Theory, News & General
Topic: Probability/statistics thinkers: should a skilled speculator go broke?
Replies: 36
Views: 2852

Re: Probability/statistics thinkers: should a skilled speculator go broke?

Skill and behaviour aren't necessarily the same thing .. Being a Boglehead is a matter of behaviour, and requires no skill at all - yet by removing skill (a negative sum game after expenses), it ensures you do better than most ... Unless you mean only the skills of actual trading, the Bogleheads' p...
by Fallible
Thu Jul 16, 2015 1:15 pm
Forum: Investing - Theory, News & General
Topic: Probability/statistics thinkers: should a skilled speculator go broke?
Replies: 36
Views: 2852

Re: Probability/statistics thinkers: should a skilled speculator go broke?

... The question I have is this. Regarded objectively, if we look at the career of a speculator who makes and loses several fortunes-- with the starting points and ending points both being zero -- what can we say about the evidence for a role of skill? ... But, speaking objectively, and looking at ...
by Fallible
Wed Jul 15, 2015 7:23 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller's Continuing Demise
Replies: 36
Views: 5970

Re: Robert Shiller's Continuing Demise

pdriesek: I am pleased to see you are keeping an open mind. I look at my investments only a few times a year to rebalance and take RMDs. I gave up trying to "beat the market" long ago. Mr. Bogel is right. "Stop looking for the needle in the haystack. Buy the haystack." Best wish...
by Fallible
Wed Jul 15, 2015 7:03 pm
Forum: Personal Consumer Issues
Topic: Are the more expensive bikes worth paying for?
Replies: 78
Views: 3918

Re: Are the more expensive bikes worth paying for?

That said, I was thinking of getting a better/faster bike Are the more expensive bikes worth it? There's always a lot of subjective matters when it comes to worth on any topic and it's not just about the item itself. What are you expecting from a "better" bike? What are you unhappy with r...
by Fallible
Wed Jul 15, 2015 1:10 pm
Forum: Investing - Theory, News & General
Topic: Why Rational People are Risk Averse
Replies: 33
Views: 3639

Re: Why Rational People are Risk Averse

Other good books on the subject of the rational/irrational, risk-averse human:

-Thinking, Fast and Slow, by Daniel Kahneman
-Predictably Irrational, by Dan Ariely
-Your Money and Your Brain, by Jason Zweig
by Fallible
Wed Jul 15, 2015 12:48 pm
Forum: Personal Consumer Issues
Topic: Are the more expensive bikes worth paying for?
Replies: 78
Views: 3918

Re: Are the more expensive bikes worth paying for?

I'm a recreational biker. I will occasionally ride the local bike trails or the back roads. I usually ride for an hour or so and count it as part of my workout routine. The weather hasn't been cooperative so it's been one every couple of weeks. I have been riding a Huffy bike that I purchased at Wa...
by Fallible
Tue Jul 14, 2015 7:38 pm
Forum: Investing - Theory, News & General
Topic: Tilting allocation - Energy
Replies: 20
Views: 1378

Re: Tilting allocation - Energy

I have long followed the three fund portfolio, but towards extreme times I feel it may be justified to tilt. Has anyone tilted there allocation in the past in "extreme events" and have experiences to share? I am currently thinking I may tilt my three fund allocation (VTI, VXUS, BND) this ...

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