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Re: Repeat: PBS Frontline The Retirement Gamble

Here's the forum thread on the program from last year:

viewtopic.php?f=10&t=115019
by Fallible
Tue Aug 19, 2014 9:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Repeat: PBS Frontline The Retirement Gamble
Replies: 4
Views: 877

Re: Bogleheads Featured in Money Article

I know this is totally beside the point, but that author (Penny) needs to learn how to proofread. A number of grammatical errors in a short article - sloppy! A bit sloppy, I agree in part. Based on personal experience, I would venture that these blogs are given a quick "second pair of eyes&quo...
by Fallible
Tue Aug 19, 2014 6:48 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads Featured in Money Article
Replies: 21
Views: 2767

Re: Retirement Party [Investment] Discussions

The dipping into principal topic is almost deserving of a separate thread. ... The discussion here on principal has been good, but I agree it could stand a separate thread. One reason is the issue gets into many areas and goes deep, such as the cognitive biases VictoriaF has written about here and ...
by Fallible
Tue Aug 19, 2014 4:22 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 3669

Re: Explaining irrelevant "investing news" articles to relat

Maybe the more important question is whether she is taking your advice and not acting on the "noise" - is she? I can't be certain because I don't have any means of checking on her investments other than just asking her. I try to respect her independence by only offering my opinion when sh...
by Fallible
Tue Aug 19, 2014 3:25 pm
 
Forum: Investing - Theory, News & General
Topic: Explaining irrelevant "investing news" articles to relatives
Replies: 6
Views: 476

Re: Explaining irrelevant "investing news" articles to relat

I could have titled this thread "How my mother tells me she is worried about her retirement." My mother periodically will send me links to various news articles that often highlight trading or investing topics. These articles frequently do not provide context to help the reader identify w...
by Fallible
Tue Aug 19, 2014 2:36 pm
 
Forum: Investing - Theory, News & General
Topic: Explaining irrelevant "investing news" articles to relatives
Replies: 6
Views: 476

Re: Defining "Stay the Course"

I think you stayed the course in the sense of investing based on your risk tolerance. It has changed and you've responded to it. Whether it was the correct response I don't know, but it appears there you also have stayed a course you felt was right for you and your goals. Possibly more important to ...
by Fallible
Tue Aug 19, 2014 1:58 pm
 
Forum: Investing - Theory, News & General
Topic: Defining "Stay the Course"
Replies: 13
Views: 949

Re: HUFF POST: How Financially Literate Is the Investing Pub

It's hard to say what should be first and what should follow . If both illiteracy and innumeracy are equally damaging, flipping a coin is better than being paralyzed by indecision. ... Agree they are equally damaging. But if they can't read the instructions in the first place...? Illiteracy and inn...
by Fallible
Tue Aug 19, 2014 1:05 pm
 
Forum: Investing - Theory, News & General
Topic: Huff Post: How Financially Literate Is the Investing Public?
Replies: 52
Views: 4499

Re: HUFF POST: How Financially Literate Is the Investing Pub



Illiteracy is the first problem to tackle. If one doesn’t know what “fees” mean, let alone “compounding,” or if one doesn’t know what “math” means, let alone “reading,” if one can’t read math instructions...and on and on. ... It's hard to say what should be first and what should follow . If both ...
by Fallible
Mon Aug 18, 2014 5:05 pm
 
Forum: Investing - Theory, News & General
Topic: Huff Post: How Financially Literate Is the Investing Public?
Replies: 52
Views: 4499

Re: Spouse not ready to cut ties with financial advisers

Could you get your husband to read one of the recommended books on the wiki? The basics of investing are not difficult. Learning about and managing your own assets, even a large amount, is much easier than starting up, running, and selling a business. He also could start by reading this thread to s...
by Fallible
Mon Aug 18, 2014 3:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 94
Views: 5766

Re: HUFF POST: How Financially Literate Is the Investing Pub

Thanks for the article. Financial literacy also was taken up in a WSJ column last year by Jason Zweig and most surprising to me, though it probably should not have been, was this: "Before we invest in the luxury of making people financially literate, shouldn’t we first take care of the vastly ...
by Fallible
Mon Aug 18, 2014 3:22 pm
 
Forum: Investing - Theory, News & General
Topic: Huff Post: How Financially Literate Is the Investing Public?
Replies: 52
Views: 4499

Re: Retirement Party Discussions

I generally don't discuss my finances outside my family and this Forum, but recently I had a conversation with a woman who has retired from a New York City job. She was surprised by the following aspects of my plan: 1. Wait to collect the Social Security at the age of 70. 2. Make Roth conversions d...
by Fallible
Mon Aug 18, 2014 2:14 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 3669

Re: Is buying two SUVs a sane/good financial move?

SoCalGal: ... The Mini is a very safe car and it's stable and maneuverable which could help you avoid an accident entirely. ... I don't know much about the Mini, but I've driven mostly small cars all my life and think your comment on maneuverability is an important one. Many times I've been able to...
by Fallible
Mon Aug 18, 2014 12:20 am
 
Forum: Personal Consumer Issues
Topic: Is buying two SUVs a sane/good financial move?
Replies: 63
Views: 3592

Re: The Funniest Movie Ever

I just saw “City Lights” (1931) written, directed, and staring Sir Charles Spencer “Charlie” Chaplin, KBE. I highly recommend it. Words truly are inadequate … Agree. A favorite scene of mine is when he begins to realize she is blind and she throws the water in his face. The comedy evolves perfectly...
by Fallible
Sun Aug 17, 2014 10:04 pm
 
Forum: Personal Consumer Issues
Topic: The Funniest Movie Ever
Replies: 227
Views: 14553

Re: Retirement Party Discussions

I generally don't discuss my finances outside my family and this Forum, but recently I had a conversation with a woman who has retired from a New York City job. She was surprised by the following aspects of my plan: 1. Wait to collect the Social Security at the age of 70. 2. Make Roth conversions d...
by Fallible
Sun Aug 17, 2014 9:32 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 3669

Re: Convincing fears on investing for now?

Does anyone think this market is too frothy? I'm looking at charts of various mutual funds and the inflated net asset value price (just on a 5-10 year outlook) makes me very nervous and uncomfortable. I'm a Boglehead, you can even call me a "Boglehead purist" and I could care less on list...
by Fallible
Sun Aug 17, 2014 9:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convincing fears on investing for now?
Replies: 29
Views: 2352

Re: Is buying two SUVs a sane/good financial move?

... Some years ago I was driving a heavy load (over 100,000 lbs) over the coast highway. It was a very narrow highway with lots of switchbacks and curves. The guy in front of me was hauling the same thing. Shortly before our destination a small car was passing in a blind corner and hit the truck in...
by Fallible
Sun Aug 17, 2014 6:14 pm
 
Forum: Personal Consumer Issues
Topic: Is buying two SUVs a sane/good financial move?
Replies: 63
Views: 3592

Re: Help with Risky Allocation for 33 year-old

... [i]Questions: 1. Is 93% equity / 7% fixed income reasonable for someone recently completing graduate school and with a high risk tolerance (ie bought stock during GFC rather than selling) ? ... If you bought more stock based on guessing the market would come back up, especially back up fairly s...
by Fallible
Sun Aug 17, 2014 11:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with Risky Allocation for 33 year-old
Replies: 13
Views: 1379

Re: Spouse not ready to cut ties with financial advisers

... When I brought this up to my husband and started talking about expense ratios and indexes, he basically just panicked and said it all stressed him out too much and it was worth it to him to pay fees so that he didn't have to think about it. He said he didn't think we had the financial savvy to ...
by Fallible
Sat Aug 16, 2014 9:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 94
Views: 5766

Re: Is buying two SUVs a sane/good financial move?

It seems to me that your post is not directly addressing your worries. You seem to be assuming that two SUVs would reduce the severity of your accidents. That might be true, but you would have to check that out. More directly, 1. How about getting more driver education and training in order to lear...
by Fallible
Sat Aug 16, 2014 9:07 pm
 
Forum: Personal Consumer Issues
Topic: Is buying two SUVs a sane/good financial move?
Replies: 63
Views: 3592

Re: Business Insider: The Stock Market Could Drop 50% Tomor

I think the point he's trying to get across is a good one (risk tolerance). But he uses very vague wording and examples. And he also doesn't offer any practical examples of how to implement your risk tolerance into your investments. And he seems to think investments = stocks. Yes, he does sort of a...
by Fallible
Sat Aug 16, 2014 8:30 pm
 
Forum: Investing - Theory, News & General
Topic: Business Insider: The Stock Market Could Drop 50% Tomorrow
Replies: 14
Views: 2168

Re: Business Insider: The Stock Market Could Drop 50% Tomor

Interesting points within this article... http://www.businessinsider.com/the-stock-market-could-drop-50-tomorrow-and-i-wouldnt-care-2014-8 I would personally see this as an opportunity to purchase more. 8-) The entire headline reads, "The Stock Market Could Drop 50% Tomorrow and I wouldn't Car...
by Fallible
Sat Aug 16, 2014 7:19 pm
 
Forum: Investing - Theory, News & General
Topic: Business Insider: The Stock Market Could Drop 50% Tomorrow
Replies: 14
Views: 2168

Re: Paperback of The Bogleheads' Guide to Investing, 2nd Ed.

I like the new cover with the minimalist ("the majesty of simplicity") drawing of the crowd (I see the Bogleheads there) and the signs, "Keep Costs Low," "Keep It Simple," and "Stay the Course." Look forward to reading the updated version now. Thanks to you al...
by Fallible
Thu Aug 14, 2014 4:56 pm
 
Forum: Investing - Theory, News & General
Topic: Paperback of The Bogleheads' Guide to Investing, 2nd Ed.?
Replies: 26
Views: 2183

Re: [Poll] How I Feel When I Think about Investing, etc.

I recall articles by our Bogleheads pro bloggers (Ferri, etc.,) saying that a big reason Bogleheads are a minority in the individual investing world is their "interest" in investing, which is greater than most investors. Thus, even when we have learned to invest well and are meeting most o...
by Fallible
Wed Aug 13, 2014 1:22 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] How I Feel When I Think about Investing, etc.
Replies: 36
Views: 2317

Re: An Honest Stock Market Update - A good laugh

Asked what his clients thought of this view, Mr. McDade laughed. "Oh my God, you think I could tell my clients that? How could I justify my salary?" Clients were told Monday's gain was caused by a mix of reversing geopolitical instability, shifting uncertainty patterns, a risk-on atmosphe...
by Fallible
Wed Aug 13, 2014 9:33 am
 
Forum: Investing - Theory, News & General
Topic: An Honest Stock Market Update - A good laugh
Replies: 17
Views: 2851

Re: Robin Williams

Terribly sorry to hear of his death. I liked him in Good Will Hunting, Good Morning Vietnam, and Dead Poets Society , but also when he was interviewed. He usually started off calmly, but it was the calm before the storm when he'd get a mischievous look and then explode into another character and the...
by Fallible
Tue Aug 12, 2014 8:26 pm
 
Forum: Personal Consumer Issues
Topic: Robin Williams
Replies: 42
Views: 4611

Re: That sudden moment when Money is not a Problem

I am so sorry to hear about your friend. Anxiety is all about the past and more often, all about the future. I think we would all do well to realize after taking reasonable action to prepare for a long life, we should all prepare for the possibility of a shorter life. There will be a day for all of...
by Fallible
Sun Aug 10, 2014 9:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: That sudden moment when Money is not a Problem
Replies: 33
Views: 6645

Re: That sudden moment when Money is not a Problem

Very sorry to hear about your friend. Once again we see the uncertainty of life and why there is a constant struggle to balance our saving and spending - saving enough for a good retirement, but still spending on (and correctly identifying) the “right” pleasures, the ones that make life worth living.
by Fallible
Fri Aug 08, 2014 12:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: That sudden moment when Money is not a Problem
Replies: 33
Views: 6645

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

My late husband and his late mother. And, although my parents never had much to invest, my mother is a model of resourceful creative frugality who inculcated me with a joyful approach to living below one's means and my late father showed me how much bliss could be found for free or on a shoestring,...
by Fallible
Wed Aug 06, 2014 10:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who or what inspired you and your investing approach?
Replies: 93
Views: 4268

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

Going way back, the original inspiration probably was family frugality leading to a desire for a simple, low-cost investing approach, leading to Jack Bogle.
by Fallible
Wed Aug 06, 2014 10:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who or what inspired you and your investing approach?
Replies: 93
Views: 4268

Re: I Strayed From The Path...Forgive Me.

A lot of us dipped out toes into the water of buying individual stocks, especially during the latter 1990s when the direction of everything was up. Then 1999 came along and we that stocks drop too. There's nothing wrong with playing around a bit if you have sufficient resources, though, and even se...
by Fallible
Tue Aug 05, 2014 12:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: I Strayed From The Path...Forgive Me.
Replies: 26
Views: 3519

Re: I Strayed From The Path...Forgive Me.

Thanks, Fallible, for the book and reading suggestions. I'm sure the info will come in handy the next time I'm "being human". Being human can be both rational and irrational and I'd say you're showing much of the former by resisting the temptations posted here to keep a little of what you...
by Fallible
Mon Aug 04, 2014 10:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: I Strayed From The Path...Forgive Me.
Replies: 26
Views: 3519

Re: How Much Did You Lose Today?

grayfox wrote:...
Image
...


You do realize that this being "The Addams Family," he's probably gleeful over a stock LOSS? :shock:
by Fallible
Mon Aug 04, 2014 5:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Much Did You Lose Today?
Replies: 166
Views: 13810

Re: What actions to take in a stock market crash?

So I tried to do some research on this forum and elsewhere but I couldn't find too much info or consensus...what do you do, assuming you don't get emotional and can act "by the book" when the market crashes say 40% (like 2008) or heaven forbid, worse? ... First, in a crash you will get em...
by Fallible
Mon Aug 04, 2014 5:31 pm
 
Forum: Investing - Theory, News & General
Topic: What actions to take in a stock market crash?
Replies: 85
Views: 5369

Re: I Strayed From The Path...Forgive Me.

Longtime lurker; newer poster. Last week, I joined LOYAL3 (after hearing about it on a blog written by a regular Seeking Alpha contributor). So infatuated by getting 100% of my stock without paying ANY commission I bought a single share each of BRK.B, DIS, HSY and PEP. Yes, I strayed from the wise ...
by Fallible
Mon Aug 04, 2014 4:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: I Strayed From The Path...Forgive Me.
Replies: 26
Views: 3519

Re: What to tell friends who think "it's all a scam"

It may not be worth trying, but if you don't know what his argument is exactly it's hard to counter it. I might have paused and asked him to elaborate on how he thinks investing is a scam. My guess is he'd sputter and be at a loss or ramble about stockbrokers being greedy horrible people or Bernie ...
by Fallible
Mon Aug 04, 2014 3:59 pm
 
Forum: Investing - Theory, News & General
Topic: What to tell friends who think "it's all a scam"
Replies: 64
Views: 5669

Re: Public Speaking-help

Is there any chance that you can delegate this task to someone else? Just saw this post and can say from experience that a similar solution worked for me. I have a congenital partial hearing loss that proved a special problem when I was unable to adequately hear most audience questions after I gave...
by Fallible
Thu Jul 31, 2014 12:30 pm
 
Forum: Personal Consumer Issues
Topic: Public Speaking-help
Replies: 79
Views: 4955

Re: HUFF POST: How Financially Literate Is the Investing Pub

Weren't the leading Bogleheads going to start some sort of financial literacy project? IIRC I heard about it at a previous conference. This may be what you're looking for, an excellent Bogleheads Blog, btw. http://www.bogleheads.org/blog/bogleheads-financial-literacy-project/ and this: Bogleheads® ...
by Fallible
Thu Jul 31, 2014 12:21 pm
 
Forum: Investing - Theory, News & General
Topic: Huff Post: How Financially Literate Is the Investing Public?
Replies: 52
Views: 4499

Re: HUFF POST: How Financially Literate Is the Investing Pub

Thanks for the article. Financial literacy also was taken up in a WSJ column last year by Jason Zweig and most surprising to me, though it probably should not have been, was this: "Before we invest in the luxury of making people financially literate, shouldn’t we first take care of the vastly m...
by Fallible
Thu Jul 31, 2014 10:50 am
 
Forum: Investing - Theory, News & General
Topic: Huff Post: How Financially Literate Is the Investing Public?
Replies: 52
Views: 4499

Re: Do Bogleheads Feel Wealthier?

... To ease my wife's questions, we saw a financial planner. His suggestion was to let him manage our funds. He would put it all into American Funds and that we would not have to pay him anything. I failed to ever contact him again. ... Very nice post on how you arrived at the Bogleheads. I'm curio...
by Fallible
Mon Jul 28, 2014 4:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads Feel Wealthier?
Replies: 57
Views: 4638

Re: Do Bogleheads Feel Wealthier?

I was prompted to ask because this appears to be a legitimate behavioral economist's question. If you "feel" wealthier, do you spend more? Or less, because of caution? Or the same, since it's all numbers on a page. Does the perception of wealth (aka the "wealth effect") have any...
by Fallible
Mon Jul 28, 2014 12:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads Feel Wealthier?
Replies: 57
Views: 4638

Re: Old people and financial advisors - a family tale

OP, despite much good advice here, I think you may have stated the bottom-line reality of it all in one of your replies (I quoted from a portion ot it): “...I think my great uncle might distrust me more than he distrusts the advisor. So that's what I'm working with. And I only got a quick look at hi...
by Fallible
Sun Jul 27, 2014 1:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5685

Re: favorite bogleheads posts?

When a member is worried what others think of them, Taylor Larimore puts this in the right perspective. Subject: How to get over finance envy Paddington: At age 89, I have traveled a long road and observed a few things: In general, there are two kinds of people: "Outer-directed" who spend...
by Fallible
Sat Jul 26, 2014 8:59 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: favorite bogleheads posts?
Replies: 51
Views: 4603

Re: Old people and financial advisors - a family tale

Your great-uncle's reactions are understandably upsetting, but he may be doing better than you realize. From your description, he showed concern about the advisor (which he should), considers you a knowledgeable, alternative source for financial advice (which you appear to be), and has decided to br...
by Fallible
Sat Jul 26, 2014 3:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5685

Re: "What Has Time Taught Bill Bernstein?"

Thanks, Taylor, for a very good article by Rekenthaler on Bill's book, Rational Expectations . The article is interesting on the difference between the powerful mind and the powerful mindset, and I look forward to reading the book for more on that and the "two themes of using numbers carefully,...
by Fallible
Wed Jul 23, 2014 10:31 pm
 
Forum: Investing - Theory, News & General
Topic: "What Has Time Taught Bill Bernstein?"
Replies: 19
Views: 3954

Re: Reaching Severe Burnout - Can I Scale Back Career?

Thank you all for the sincere responses and encouragement. Yes the plan is to attempt to start a family next year, something I am very much looking forward to. To answer another question, I am invested very much boglehead style albeit probably slightly conservative (60/40). Should also be noted tha...
by Fallible
Wed Jul 23, 2014 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reaching Severe Burnout - Can I Scale Back Career?
Replies: 50
Views: 6010

Re: Reaching Severe Burnout - Can I Scale Back Career?

You are not "reaching severe burnout" - you are there, you are burned out. Please take steps as soon as you can to scale back. You are risking stress that can damage your health. You also have reached your initial goals and are doing quite well financially with a promising future - person...
by Fallible
Wed Jul 23, 2014 11:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Reaching Severe Burnout - Can I Scale Back Career?
Replies: 50
Views: 6010

Re: Can it be wrong to be too risk averse?

My brother and I had a few chats over the weekend. He is very risk averse and invests only in very high rated bonds (mostly muni bonds). He knows he is leaving profits on the table, and he knows these investment choices offer higher than 0% risk. He has a good job, quite secure, and he is a decentl...
by Fallible
Tue Jul 22, 2014 6:23 pm
 
Forum: Investing - Theory, News & General
Topic: Can it be wrong to be too risk averse?
Replies: 49
Views: 2405

Re: Which kind of bike for recent retiree?

I was able to end the sore wrists and shoulders by losing weight (surprise, surprise) and working with the bike shop to adjust the handlebars to a height that finally felt right. Proper technique helps here too. Your wrists should be straight, not bent backwards . Let up the death grip on the bars....
by Fallible
Mon Jul 21, 2014 1:44 pm
 
Forum: Personal Consumer Issues
Topic: Which kind of bike for recent retiree?
Replies: 48
Views: 2761

Re: Which kind of bike for recent retiree?

... As for aching shoulders and aching numb wrists, it may be hard to avoid those, but good gloves with gel and good handlerbar tape can help. Lots of things are probably going to hurt for any age-50 person who hasn't ridden a bike in years. ... I was able to end the sore wrists and shoulders by lo...
by Fallible
Mon Jul 21, 2014 11:26 am
 
Forum: Personal Consumer Issues
Topic: Which kind of bike for recent retiree?
Replies: 48
Views: 2761

Re: What Book Are You Currently Reading? Part V

... I’ve recently been exploring graphic narratives, trying to acquaint myself with this literary format. I've also been sampling this genre, which still doesn't seem to quite know what it is or can be. I've read only two such novels, mainly because I liked the previous work of the cartoonists. The...
by Fallible
Sun Jul 20, 2014 10:12 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3190
Views: 1078788
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