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by Fallible
Thu May 21, 2015 5:46 pm
Forum: Investing - Theory, News & General
Topic: Teaching 8 year old about stock market...
Replies: 22
Views: 1298

Re: Teaching 8 year old about stock market...

The book How a Second Grader Beats Wall Street may be of interest. I have not read the book myself, but, have heard good reports about this book by Allan Roth, a frequent poster to this forum. I read the book and thought it was, as our Taylor Larimore put it first, "a gem": https://www.bo...
by Fallible
Wed May 20, 2015 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: WP: Five big banks agree to pay more than $5 billion to settle regulatory charges
Replies: 6
Views: 787

Re: WP: Five big banks agree to pay more than $5 billion to settle regulatory charges

There's a bit more on the trader collusion in "The New York Times": http://www.nytimes.com/2015/05/21/business/dealbook/5-big-banks-to-pay-billions-and-plead-guilty-in-currency-and-interest-rate-cases.html?_r=0 "To carry out the scheme, which went on nearly every day for five years th...
by Fallible
Wed May 20, 2015 6:52 pm
Forum: Personal Consumer Issues
Topic: Questioning a Dentist?
Replies: 43
Views: 3727

Re: Questioning a Dentist?

Been reading Bogleheads for a couple months, but this will be my first post as it seemed appropriate. I'm a dentist...and there is a large variance in treatment planning philosophies. Some, like myself, are very conservative. I don't like to treat a tooth unless there is a high likelihood that thin...
by Fallible
Wed May 20, 2015 7:11 am
Forum: Personal Consumer Issues
Topic: How should drivers react to bicycle riders on one lane roads?
Replies: 68
Views: 2647

Re: How should drivers react to bicycle riders on one lane roads?

Check your state driver's manual, which should include passing bicyclists, or your city's laws. Also, there are several websites on the subject.
by Fallible
Tue May 19, 2015 11:42 pm
Forum: Investing - Theory, News & General
Topic: "Years of Overlooked Red Flags Catch Up to Stockbroker"
Replies: 12
Views: 2196

Re: "Years of Overlooked Red Flags Catch Up to Stockbroker"

... Quote of the day Clients of Merrill Lynch, where Mr. Cicolani worked from 1991 to 2010 in Akron, Ohio, had named him in more than 60 complaints by the time he left the firm. Merrill paid $12 million in settlements to his customers and kept him on for years after the complaints began to roll in....
by Fallible
Tue May 19, 2015 11:31 pm
Forum: Personal Consumer Issues
Topic: Questioning a Dentist?
Replies: 43
Views: 3727

Re: Questioning a Dentist?

Been reading Bogleheads for a couple months, but this will be my first post as it seemed appropriate. I'm a dentist...and there is a large variance in treatment planning philosophies. Some, like myself, are very conservative. I don't like to treat a tooth unless there is a high likelihood that thin...
by Fallible
Tue May 19, 2015 9:50 pm
Forum: Personal Consumer Issues
Topic: Questioning a Dentist?
Replies: 43
Views: 3727

Re: Questioning a Dentist?

Been reading Bogleheads for a couple months, but this will be my first post as it seemed appropriate. I'm a dentist...and there is a large variance in treatment planning philosophies. Some, like myself, are very conservative. I don't like to treat a tooth unless there is a high likelihood that thin...
by Fallible
Tue May 19, 2015 3:44 pm
Forum: Investing - Theory, News & General
Topic: "Years of Overlooked Red Flags Catch Up to Stockbroker"
Replies: 12
Views: 2196

Re: "Years of Overlooked Red Flags Catch Up to Stockbroker"

This guy had to break the law before anything happened. Of course in an industry where you constantly shake-and-bake a portfolio and call clients with great stock tips (and you're getting kickbacks or sales incentives) it's hard to know right from wrong! ... It's hard to know right from wrong until...
by Fallible
Tue May 19, 2015 2:29 pm
Forum: Personal Consumer Issues
Topic: Questioning a Dentist?
Replies: 43
Views: 3727

Re: Questioning a Dentist?

Been reading Bogleheads for a couple months, but this will be my first post as it seemed appropriate. I'm a dentist...and there is a large variance in treatment planning philosophies. Some, like myself, are very conservative. I don't like to treat a tooth unless there is a high likelihood that thin...
by Fallible
Tue May 19, 2015 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: How to Change Jobs or How to Stay?
Replies: 5
Views: 691

Re: How to Change Jobs or How to Stay?

whatusername? wrote:...
So what suggestions does anyone have? Stay? Go? And either way, suggestions on how to overcome the current limitations?


Have you tried talking to your boss about this? Have you tried looking around at other companies?
by Fallible
Mon May 18, 2015 11:45 pm
Forum: Investing - Theory, News & General
Topic: "Years of Overlooked Red Flags Catch Up to Stockbroker"
Replies: 12
Views: 2196

Re: "Years of Overlooked Red Flags Catch Up to Stockbroker"

Cases like these leave me with the same frustratation and anger I had when reading about the Wall Street bankers and subprime lenders escaping punishment for their roles in the '08 crisis. And just as dismaying as this broker's case are the comments from two of his victims, neither of whom seemed to...
by Fallible
Mon May 18, 2015 9:17 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 103
Views: 6985

Re: What's so great about simplicity?

How are we defining complexity in this thread? ... I don't think we have defined it outright, but I'll answer your question with a question: is anything truly complex once it's truly understood? Absolutely. Advanced math or statistics is complex even if you understand it. That's the example that im...
by Fallible
Mon May 18, 2015 8:57 pm
Forum: Personal Consumer Issues
Topic: How fast should I ride my bicycle?
Replies: 64
Views: 4222

Re: How fast should I ride my bicycle?

Get off the greenway and get on the road. You have a road bike not a sidewalk bike. I kind of understand what you are saying. I bought a true road bike and I don't like riding on the road and I know that sounds somewhat silly. However, I just don't like dealing with cars when biking - I just don't ...
by Fallible
Mon May 18, 2015 3:12 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 103
Views: 6985

Re: What's so great about simplicity?

The Planner wrote:How are we defining complexity in this thread? ...


I don't think we have defined it outright, but I'll answer your question with a question: is anything truly complex once it's truly understood?
by Fallible
Mon May 18, 2015 1:02 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 103
Views: 6985

Re: What's so great about simplicity?

"Investing is simple. To be sure, you can make it ludicrously complicated." ... "Best of all, a simple portfolio allows the investor to spend more time with family and friends." ~Jonathan Clements. Not sure I quite agree. A more complex portfolio of index funds can easily be man...
by Fallible
Sun May 17, 2015 10:37 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 828
Views: 116139

Re: What Movie Have You Recently Watched?

Here is a funny story about Wes Anderson screening his movie Rushmore for the great film critic Pauline Kael. She was not impressed. http://www.nytimes.com/1999/01/31/movies/film-my-private-screening-with-pauline-kael.html Thanks for posting. It's funnier ('Did the people who gave you the money rea...
by Fallible
Sun May 17, 2015 9:07 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 828
Views: 116139

Re: What Movie Have You Recently Watched?

Rushmore. This movie got quite a number of good reviews, including a nomination for Bill Murray as the best supporting actor. OK, I can see how BIll Murray got the supporting actor award, but I walked away from that movie with mixed feelings. This is one of those movies that critics love, yet may n...
by Fallible
Sun May 17, 2015 8:59 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 103
Views: 6985

Re: What's so great about simplicity?

"Investing is simple. To be sure, you can make it ludicrously complicated." ... "Best of all, a simple portfolio allows the investor to spend more time with family and friends." ~Jonathan Clements.
by Fallible
Sun May 17, 2015 5:29 pm
Forum: Investing - Theory, News & General
Topic: The upside of living longer
Replies: 11
Views: 2211

Re: The upside of living longer

tennisplyr wrote:... So, instead of looking at it as will my money last, maybe we should relax and hope we live a long, long time. ...


Make that living a long, long time well. It's reasonably good health enabling a quality life in our later years that we hope for, not just years.
by Fallible
Sat May 16, 2015 11:36 pm
Forum: Personal Consumer Issues
Topic: Richard Thaler coming to Town Hall in Seattle
Replies: 5
Views: 463

Re: Richard Thaler coming to Town Hall in Seattle

jginseattle wrote:Richard Thaler with Nathan Myhrvold.
Human Error, Redefining Behavioral Economics. ...


I'm a longtime Thaler fan. Hope you can report back on some of what he says.
by Fallible
Thu May 14, 2015 11:32 am
Forum: Investing - Theory, News & General
Topic: Working Age population vs. stock purchases
Replies: 6
Views: 775

Re: Working Age population vs. stock purchases

"The age structure has an impact on savings. Over an individual’s lifetime, savings tend to be low when people are young and have relatively low incomes. Savings accumulate in the peak earning years, typically when people are in their 40s and 50s. Then, during retirement in their 60s and 70s, ...
by Fallible
Wed May 13, 2015 6:54 pm
Forum: Personal Consumer Issues
Topic: Time Management
Replies: 4
Views: 605

Re: Time Management

Someone who has issues with daily time management is seeking advice, they have ADD but are against using prescription drugs and really want to handle the issue naturally. What would you offer to this someone who procrastinates, and has poor time management? (i.e tips on micromanaging your own time,...
by Fallible
Wed May 13, 2015 2:12 pm
Forum: Investing - Theory, News & General
Topic: [Teens and Investing]
Replies: 17
Views: 917

Re: TEENS AND INVESTING

Thanks for all the good information. I want them to learn about personal finance- low cost Index funds, etc. Maybe I can bribe them to read it. LOL. Thank you for the book suggestions and article on compounding. If they were just introduced to the Boglehead principles, starting with saving early an...
by Fallible
Sun May 10, 2015 8:02 pm
Forum: Personal Consumer Issues
Topic: Unsolicited Advice for Everyone About to Graduate College
Replies: 2
Views: 592

Re: Unsolicited Advice for Everyone About to Graduate College

This is another great column from Morgan Housel. Just about all of us know someone who is graduating this month or in the near future. You may want to pass this along to them: http://www.fool.com/investing/general/2015/05/06/unsolicited-advice-for-everyone-about-to-graduate.aspx?source=iaasitlnk000...
by Fallible
Sun May 10, 2015 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Jack Bogle hates ETFs?
Replies: 22
Views: 2324

Re: Jack Bogle hates ETFs?

If you mean Jack Bogle hates what frequent trading will likely lead to and the fact that ETFs could be used for that purpose, then yes I'd say he does. If you mean a no-commission low ER broad based ETF that you buy and hold, then hate may be too strong of a word. @ in_reality, That I agree with, I...
by Fallible
Sun May 10, 2015 2:46 pm
Forum: Investing - Theory, News & General
Topic: "Should We Teach Teenagers to Trade?"
Replies: 30
Views: 2123

Re: "Should We Teach Teenagers to Trade?"

I wouldn't particularly worry about it one way or the other. For most kids it will be in one ear and out the other and will be about as relevant as playing fantasy football. We frankly overestimate our ability to influence HS students for good or bad and I say that as a HS teacher. The typical HS s...
by Fallible
Sun May 10, 2015 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Jack Bogle hates ETFs?
Replies: 22
Views: 2324

Re: Jack Bogle hates ETFs?

I saw this article and was wondering what other bogleheads thought of this. Does this mean in actuality that we should be choosing index mutual funds rather than ETFs or is this not a consideration? ... Bogle quite clearly states three main objections and he has done this in other interviews. What ...
by Fallible
Sat May 09, 2015 11:44 pm
Forum: Investing - Theory, News & General
Topic: "Should We Teach Teenagers to Trade?"
Replies: 30
Views: 2123

Re: "Should We Teach Teenagers to Trade?"

If all or most of what students learn about the stock market is the short-term speculating or trading side, that's obviously wrong. They need also to learn about the long-term investing side, about setting goals, saving regularly, compounding, diversifying, asset allocation, risk tolerance, keeping ...
by Fallible
Sat May 09, 2015 7:23 pm
Forum: Investing - Theory, News & General
Topic: "Should We Teach Teenagers to Trade?"
Replies: 30
Views: 2123

Re: "Should We Teach Teenagers to Trade?"

Teachers who encourage their students in these stock market games don't seem to get it: this is simply short-term speculation over carefully diversified, low-cost, long-term investing. Some say they like to see their students engaged, excited, and having "fun" playing the market. That soun...
by Fallible
Fri May 08, 2015 3:11 pm
Forum: Investing - Theory, News & General
Topic: "4 Advisor Moves That Shouldn't Be Legal"
Replies: 6
Views: 1420

Re: "4 Advisor Moves That Shouldn't Be Legal"

While reading this very important article, I felt hopeful that the average investor would be better informed and that these "common" adviser moves might be at least investigated by the various organizations and proper agencies. Then I read the last graph: "To be sure, I haven’t reveal...
by Fallible
Fri May 08, 2015 1:15 pm
Forum: Investing - Theory, News & General
Topic: If you worry about a correction, you shouldn't own stocks
Replies: 50
Views: 5589

Re: If you worry about a correction, you shouldn't own stocks

Buffett or Bogle? - "The point is to buy something that you like at a price you like and then hold it for 20 years. You should not look at it day to day. If you bought a farm or apartment house, you wouldn't get a quote on it every day or every week or every month." Of course it's Buffett ...
by Fallible
Thu May 07, 2015 6:48 pm
Forum: Investing - Theory, News & General
Topic: Should You Time the Markets When Experts Can’t?
Replies: 21
Views: 2216

Re: Should You Time the Markets When Experts Can’t?

I’m always interested in reading academic studies that measure how well professional mutual fund managers can time financial markets. Many fund companies routinely claim their experienced management and propriety research give them a leg up on knowing where the markets are headed next. But is it tr...
by Fallible
Wed May 06, 2015 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Aging parent not interested in setting up POA etc
Replies: 26
Views: 2819

Re: Aging parent not interested in setting up POA etc

Nolo.com is a good source for legal information and here is its explanation of springing POA followed by limited POA:

http://www.nolo.com/legal-encyclopedia/ ... orney.html
https://www.nolo.com/products/limited-p ... pr194.html
by Fallible
Wed May 06, 2015 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: move to cash for upcoming bear market?
Replies: 68
Views: 7945

Re: move to cash for upcoming bear market?

I'm 14 years to retirement, and don't have a huge nest egg - so can't afford to be too reckless. You have the wrong asset allocation if you are fearful. Try dialing back your AA until you are comfortable. For good advice on setting the best allocation based on your tolerance for risk, try Rick Ferr...
by Fallible
Wed May 06, 2015 4:02 pm
Forum: Forum Issues and Administration
Topic: UI issues (especially iPad)? please evaluate alternate styles
Replies: 41
Views: 2384

Re: UI issues (especially iPad)? please evaluate alternate styles

No problems I've noticed on my iMac desktop or baby (mini) iPad.

UPDATE: My desktop was fine earlier today and now clicks are really slow. Not so on the iPad.
by Fallible
Wed May 06, 2015 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Aging parent not interested in setting up POA etc
Replies: 26
Views: 2819

Re: Aging parent not interested in setting up POA etc

Thanks to all for the thoughtful replies. I went back and edited my original post --she's 88, not 78. Either I fat-fingered this, or I'm the one with cognitive decline... :oops: In many ways, she's still very sharp cognitively, but she has done a few whimsical things that I can't figure out --were ...
by Fallible
Tue May 05, 2015 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Aging parent not interested in setting up POA etc
Replies: 26
Views: 2819

Re: Aging parent not interested in setting up POA etc

20 years ago, my widowed mother (now 78) started making noises about making me, the only child, her healthcare POA plus some financial POA stuff as well (co-owner of bank accounts, etc.) Time passed, banks changed, dust settled, and she now has no memory of doing this or understanding of why it mig...
by Fallible
Tue May 05, 2015 1:10 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 713
Views: 103681

Re: What Book Are You Currently Reading? Part VI

[...With my daughter, just finished Charlie and the Chocolate Factory by Roald Dahl. A classic that is still a delight to read as an adult. Now we are currently working through Matilda. ... If you and your daughter haven't already, be sure to read Dahl's The BFG and James and The Giant Peach . &quo...
by Fallible
Mon May 04, 2015 9:21 pm
Forum: Investing - Theory, News & General
Topic: Zweig's Latest Blog Post/Column (Bogle vs. Grant Debate)
Replies: 16
Views: 3215

Re: Zweig's Latest Blog Post/Column (Bogle vs. Grant Debate)

Jason is a good friend of the Bogleheads. In fact, he was a featured speaker at our 2001 Bogleheads Conference when he was still at Money magazine. He did a nice five-page story with lots of pics in Money magazine titled "Here Come the Bogleheads". Jason has archived that story in pdf for...
by Fallible
Mon May 04, 2015 7:11 pm
Forum: Investing - Theory, News & General
Topic: Zweig's Latest Blog Post/Column (Bogle vs. Grant Debate)
Replies: 16
Views: 3215

Re: Zweig's Latest Blog Post/Column (Bogle vs. Grant Debate)

There is an entertaining article on this topic by Jason Zweig in today's WSJ. http://www.wsj.com/articles/bogle-vs-grant-in-the-great-fund-debate-1430709409 If you hit a paywall, Google the following (with the quotes): "have index funds, the autopilot" L. Thanks for the update. I liked Ja...
by Fallible
Sat May 02, 2015 8:09 pm
Forum: Investing - Theory, News & General
Topic: "Don't invest in something you don't understand."
Replies: 55
Views: 3432

Re: "Don't invest in something you don't understand."

I don't think the saying should be taken too literally. Most of us here don't fully understand the intricacies of the stock or bond markets. The bond fund threads show that all the time, IMO. I think most of us have a basic understanding of the stock and bond markets, in that we want to own small p...
by Fallible
Fri May 01, 2015 10:23 pm
Forum: Forum Issues and Administration
Topic: Polls Disabled
Replies: 60
Views: 3546

Re: Polls Disabled

The polls might have been entertaining but I agree most were meaningless. (including one I think I started :D ) LadyGeek said it best in this recent "Household Gross Income Poll" noting that at the time she wrote the post only 324 members had voted out of over 32,300 registered members wi...
by Fallible
Fri May 01, 2015 1:12 pm
Forum: Local Chapters and Bogleheads Community
Topic: minnesota mtg | may-2 | bloomington library | awesome
Replies: 8
Views: 747

Re: minnesota mtg | may-2 | bloomington library | awesome

sdhar wrote:Hi guys i am a new member from MN, would like to come to this meeting !

Please consider this post as confirmation !

Thanks
S.Dhar


Welcome to the forum and welcome in advance to your first local chapter meeting tomorrow. Look forward to seeing you.
by Fallible
Fri Apr 24, 2015 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Approach to Second Act Career Switch
Replies: 22
Views: 2289

Re: Approach to Second Act Career Switch

Just saw this on the Oblivious Investor site that you may find helpful:
http://squaredawayblog.bc.edu/squared-a ... ce-stress/
by Fallible
Fri Apr 24, 2015 1:43 pm
Forum: Investing - Theory, News & General
Topic: A Great List of Useless Financial Porn Phrases
Replies: 30
Views: 4163

Re: A Great List of Useless Financial Porn Phrases

We turn your money and our experience into our money and your experience. Golden. I am tempted to make 1000 fancy cards showing this exact phrase, and sharing with every boglehead. ... Agree with "golden," but a true Boglehead card would be not fancy but plain, e.g., livesoft's line in si...
by Fallible
Fri Apr 24, 2015 1:10 pm
Forum: Personal Consumer Issues
Topic: Blacktop Driveway Sealing
Replies: 20
Views: 1681

Re: Blacktop Driveway Sealing

My company sold our products to professional driveway sealer companies and they were known to water them down as much as 50%. That's really distressing! How do we know if they are doing this? Is the sealer thinner - how thin would a high quality sealer be? Do we see them adding water to their bucke...
by Fallible
Fri Apr 24, 2015 12:26 pm
Forum: Investing - Theory, News & General
Topic: What is too long to stay the course?
Replies: 50
Views: 3777

Re: What is too long to stay the course?

Very few people put their life savings into the market at the high-water mark of the NASDAQ. Even fewer of those who did, then did not go on and invest more money over the years. Let's face it, if the course is stupid, then one should not even be on that course in the first place. This. Plus NASDAQ...
by Fallible
Thu Apr 23, 2015 6:55 pm
Forum: Investing - Theory, News & General
Topic: What is a Boglehead?
Replies: 55
Views: 2937

Re: What is a Boglehead?

Invests sensibly, simply.
by Fallible
Thu Apr 23, 2015 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Coming to terms with low risk tolerance
Replies: 46
Views: 3573

Re: Coming to terms with low risk tolerance

I what I find most interesting is that 2009 has changed the psychology of investors in an interesting way -- the rapid recovery from the massive loses has made people more risk tolerant with the stock market, cause they inherently believe it is guaranteed to rebound and continue upward. I think the...

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