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Re: Minnesota mtg | sat Nov-1 | 10:00am | agenda attached

Looking forward to attending my first event and meeting some folks in the BH community! hey, savvy... welcome to the group! see you saturday. Just a quick reminder of our meeting tomorrow... Weather should be cold and precip free. ... Jeff, Hey, this weather is NOT "cold"! At our MNBH mee...
by Fallible
Fri Oct 31, 2014 4:35 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota mtg | sat Nov-1 | 10:00am | agenda attached
Replies: 6
Views: 688

Re: That stress-relieving thing you do at work

I usually was able to find ways to exercise at work as often as I could, including taking stairs and long walks outside over the lunch hour. One job required frequent visits to various areas of my department that were spread out in a large building. One area was at the opposite end of the building f...
by Fallible
Fri Oct 31, 2014 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: That stress-relieving thing you do at work
Replies: 45
Views: 2557

Re: Oatmeal suggestions

This is an old thread, but I want to report that oatmeal has given me awesome abs. The trick is not to use a rice cooker, but to cook oatmeal in a microwave using the following procedure: 1. Measure 1/2 c oatmeal, 1/2 c Dr Pepper, 1/2 c water into a large glass microwave-proof bowl and set aside. 2...
by Fallible
Thu Oct 30, 2014 11:21 pm
 
Forum: Personal Consumer Issues
Topic: Oatmeal suggestions
Replies: 129
Views: 6928

Re: fleeced by an adviser, is there a recourse?

As an advisor, I can tell you the odds are stacked against the consumer. Everything is disclosed but it's disclosed in such a way that the "so what" is buried deep in a thick document and in such a technical way that the consumer has virtually no chance of understanding. Advisors attend t...
by Fallible
Wed Oct 29, 2014 9:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: fleeced by an adviser, is there a recourse?
Replies: 104
Views: 7973

Re: who decides the stock price?

This may help, from "The Oblivious Investor" via Taylor Larrimore:

viewtopic.php?f=10&t=149653&p=2238355#p2238355
by Fallible
Tue Oct 28, 2014 7:39 pm
 
Forum: Investing - Theory, News & General
Topic: who decides the stock price?
Replies: 18
Views: 1494

Re: your advisor should act like a good doctor

Thought piece hope you find of interest http://www.etf.com/sections/index-investor-corner/23630-your-advisor-should-be-like-a-top-doctor.html Best wishes Larry Thanks for the article. Is there a complete transcript of Statman's comments at NAPFA? I could find only an "Investment News" art...
by Fallible
Tue Oct 28, 2014 7:23 pm
 
Forum: Investing - Theory, News & General
Topic: your advisor should act like a good doctor
Replies: 44
Views: 2921

Re: your advisor should act like a good doctor

Thought piece hope you find of interest http://www.etf.com/sections/index-investor-corner/23630-your-advisor-should-be-like-a-top-doctor.html Best wishes Larry Thanks for the article. Is there a complete transcript of Statman's comments at NAPFA? I could find only an "Investment News" art...
by Fallible
Tue Oct 28, 2014 2:31 pm
 
Forum: Investing - Theory, News & General
Topic: your advisor should act like a good doctor
Replies: 44
Views: 2921

Re: THANK YOU!!! Bogleheads Conference #13 (2014)

Gus Sauter's presentation "The Evolution of Indexing" is now available for download in the wiki: Bogleheads® convention meetings Direct link: The Evolution of Indexing Thanks! And who better to describe that evolution than Gus Sauter - except maybe Jack, of course. Sorry to miss the confe...
by Fallible
Mon Oct 27, 2014 7:32 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: THANK YOU!!! Bogleheads Conference #13 (2014)
Replies: 48
Views: 4362

Re: So you think you're a Risk-taker?

If you can't remember 2008-2009, then do your best to remember 2011, the year behavioral finance expert Cass Sunstein "seeing a decline in [my] fund’s value, decided to sell a significant chunk," and did so, despite talking to his co-author who told him "Reread our book!" I'm al...
by Fallible
Mon Oct 27, 2014 12:51 pm
 
Forum: Investing - Theory, News & General
Topic: So you think you're a Risk-taker?
Replies: 36
Views: 3797

Re: Minnesota mtg | sat Nov-1 | 10:00am | agenda attached

Thanks for posting, Jeff. Hope the important topics on the 15% taxable income tax bracket and how to find and use the growing resources on our wiki will bring another good turnout.

Fallible
by Fallible
Sun Oct 26, 2014 8:54 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota mtg | sat Nov-1 | 10:00am | agenda attached
Replies: 6
Views: 688

Re: So you think you're a Risk-taker?

People who have a larger chunk of gray matter in this area will, on average, have a greater tolerance for financial risk risk tolerance varies across activities and contexts and isn’t “a fundamental trait.” Glad to see this because I've been interested in investing risk behavior compared to risk in...
by Fallible
Sun Oct 26, 2014 3:09 pm
 
Forum: Investing - Theory, News & General
Topic: So you think you're a Risk-taker?
Replies: 36
Views: 3797

Re: So you think you're a Risk-taker?

A timely article on risk tolerance by Zweig that serves as a kind of warning to investors that the recent market drop was not deep enough or long enough to truly test their tolerance (as Nisiprius also emphasizes in his post here). Especially interesting, IMO, was the study Zweig linked to in "...
by Fallible
Sat Oct 25, 2014 8:43 pm
 
Forum: Investing - Theory, News & General
Topic: So you think you're a Risk-taker?
Replies: 36
Views: 3797

Re: Yes, 100% of economists were dead wrong about yields

... Now that's comedy! :D PJW But borrowed comedy. Not sure who coined it first - maybe you? If I had a nickle for every good joke I've coined I'd be five cents in debt. If I had one for every good joke I've stolen I'd be in prison. PJW We're headed OT way, so I'll just say you're being modest abou...
by Fallible
Fri Oct 24, 2014 4:40 pm
 
Forum: Investing - Theory, News & General
Topic: 100% of [surveyed] economists were dead wrong about yields
Replies: 33
Views: 3950

Re: "Jack Bogle on Warren Buffett, Bill Gross and How to Inv

Hot off the press: "Warren Buffett has become Vanguard's best salesman, Bogle said. Buffett, of Berkshire Hathaway (BRK.A) , (BRK.B) recently announced that his wife will inherit money to be allocated 90% to the Vanguard 500 Index Fund (VFINX) (VFIAX) (VOO). After the announcement, searches on...
by Fallible
Fri Oct 24, 2014 3:35 pm
 
Forum: Investing - Theory, News & General
Topic: "Jack Bogle on Warren Buffett, Bill Gross and How to Invest"
Replies: 17
Views: 2922

Re: Yes, 100% of economists were dead wrong about yields

... Had the headline writer included the word "surveyed" - and I think he/she should have - so that the headline read: "Yes, 100% of economists surveyed were dead wrong about yields," I'd guess the number of clicks would be the same. I'd prefer to read an article titled "Ye...
by Fallible
Thu Oct 23, 2014 9:49 pm
 
Forum: Investing - Theory, News & General
Topic: 100% of [surveyed] economists were dead wrong about yields
Replies: 33
Views: 3950

Re: The 1 Thing Successful Investors Never Do

Came across this article on the Motley Fool which I thought was good http://www.fool.com/investing/general/2014/10/22/the-1-thing-successful-investors-never-do.aspx Really? From the article: "...never give up... Whether your strategy is index investing or a more active form of investing, those...
by Fallible
Thu Oct 23, 2014 6:26 pm
 
Forum: Investing - Theory, News & General
Topic: The 1 Thing Successful Investors Never Do
Replies: 12
Views: 4809

Re: Yes, 100% of economists were dead wrong about yields

I suppose Well, 67 economists predicted the wrong direction, without counting magnitude, for bond yields over six months wouldn't garner nearly as many clicks, and might not even have shown up here, so good job, headline writer * ! PJW ... Had the headline writer included the word "surveyed&qu...
by Fallible
Thu Oct 23, 2014 5:55 pm
 
Forum: Investing - Theory, News & General
Topic: 100% of [surveyed] economists were dead wrong about yields
Replies: 33
Views: 3950

Re: "How to Win the Loser's Game -- Part 9"

These have been great to watch, the industry legends all investors need to hear. Looking forward to the next part and thanks Taylor.
by Fallible
Wed Oct 22, 2014 3:02 pm
 
Forum: Investing - Theory, News & General
Topic: "How to Win the Loser's Game -- Part 9"
Replies: 6
Views: 1515

Re: "You're invited to...." (nonsense talk and dinner)

I work for one of these places. DO NOT GO. You'll be given a free dinner, sure, but after that the annoyance begins. You'll be asked to set up an appointment with the speaker to learn more about the material. Perhaps they'll call you several times, send you email, or more letters to get you to come...
by Fallible
Wed Oct 22, 2014 2:58 pm
 
Forum: Personal Consumer Issues
Topic: "You're invited to...." (nonsense talk and dinner)
Replies: 68
Views: 4185

Re: What Book Are You Currently Reading? Part VI

Curiosity got the better of me - plus I found a free Kindle download :) - and I re-read some of it and it was deja vu all over again - it's good but I couldn't finish it. I agree about sacrificing wit while unloading feelings and think this may explain the difficulty in finding a place on the "...
by Fallible
Tue Oct 21, 2014 9:01 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 136
Views: 9835

Re: What Book Are You Currently Reading? Part VI

...Do you think they are being intentionally insulting by referring to Woodrow Wilson as "Dr. Wilson" rather than "President Wilson?" Or do they think "Dr." trumps "President" as an honorific? Unless this is a trick question (re Mencken's The American Credo )...
by Fallible
Tue Oct 21, 2014 8:56 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 136
Views: 9835

Re: What Book Are You Currently Reading? Part VI

... Finished the preface to The American Credo , by H. L. Mencken and George Jean Nathan, online at http://www.gutenberg.org/files/23858/23858-h/23858-h.htm , and have read about 200 of the articles of the "Credo" itself. I am completely baffled as to what to make of it. I just can't tell...
by Fallible
Tue Oct 21, 2014 6:14 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 136
Views: 9835

Re: 12 Worst financal Advisors

I'm surprised anyone uses an individual financial adviser after Bernie Madoff.... In one of the early and best books on Madoff, The Wizard of Lies by Diana Henriques, she writes of many more Ponzi schemes likely underway and not yet having been discovered, not to mention potential Ponzi's that will...
by Fallible
Tue Oct 21, 2014 3:10 pm
 
Forum: Investing - Theory, News & General
Topic: 12 Worst financal Advisors
Replies: 4
Views: 1450

Re: What Book Are You Currently Reading? Part VI

... Finished the preface to The American Credo , by H. L. Mencken and George Jean Nathan, online at http://www.gutenberg.org/files/23858/23858-h/23858-h.htm , and have read about 200 of the articles of the "Credo" itself. I am completely baffled as to what to make of it. I just can't tell...
by Fallible
Tue Oct 21, 2014 2:46 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 136
Views: 9835

Re: Owning property jointly with family member

If a verbal agreement doesn't work , A verbal agreement will most likely never work. Are you ok with the ownership being transferred to your nephew? You quoted only the first few words of my post. Here is all of it: "If a verbal agreement doesn't work, you could have an attorney work up a cont...
by Fallible
Mon Oct 20, 2014 12:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Owning property jointly with family member
Replies: 15
Views: 1245

Re: DOW Watchers Stomach Syndrome

Just noise. Agreed but really LOUD noise. I never thought of market "noise" as having categories, but I suppose there could be just noise, soft noise, regular noise, the usual noise, louder noise, loud noise, blaring, thundering, ear-splitting and so on. Then there's the question: at whic...
by Fallible
Mon Oct 20, 2014 11:25 am
 
Forum: Investing - Theory, News & General
Topic: DOW Watchers Stomach Syndrome
Replies: 25
Views: 2093

Re: Is it possible to have a favorite movie

Like others here, I didn't think it was possible to have a favorite, but if there was one, it would have to be a Chaplin film, one combining humor and pathos which I love best and he did best; a silent film where I think those qualities are best expressed and appreciated; probably a feature length f...
by Fallible
Sat Oct 18, 2014 8:45 pm
 
Forum: Personal Consumer Issues
Topic: Is it possible to have a favorite movie
Replies: 82
Views: 3194

Re: What Book Are You Currently Reading? Part VI

I am reading So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work You Love by Cal Newport. The book starts out by dispelling the Passion Hypothesis , i.e., a common advice to follow one's passion in selecting career. Newport's alternative to starting with a passion and then...
by Fallible
Sat Oct 18, 2014 4:06 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 136
Views: 9835

Re: What Book Are You Currently Reading? Part VI

Just started The Innovators: How a Group of Hackers, Geniuses, and Geeks Created the Digital Revolution," by Walter Isaacson and it's excellent, as is just about everything he's done (bios of Einstein and Steve Jobs, etc.). Some recent and recommended reads: __ How We Learn by Benedict Carey (e...
by Fallible
Sat Oct 18, 2014 2:59 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 136
Views: 9835

Re: "The best response to market volatility"

Thanks, Taylor. You've gleaned key parts of the article pertaining to risk tolerance - the need to know how much market volatility we can handle before it happens. Or, as Malkiel also said, "The combination of stocks and bonds in your portfolio has to be geared to your psychological makeup.&quo...
by Fallible
Fri Oct 17, 2014 7:34 pm
 
Forum: Investing - Theory, News & General
Topic: "The best response to market volatility"
Replies: 27
Views: 3350

Re: Owning property jointly with family member

If a verbal agreement doesn't work , A verbal agreement will most likely never work. Are you ok with the ownership being transferred to your nephew? You quoted only the first few words of my post. Here is all of it: "If a verbal agreement doesn't work, you could have an attorney work up a cont...
by Fallible
Thu Oct 16, 2014 6:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Owning property jointly with family member
Replies: 15
Views: 1245

Re: Relatively new here. What did you do in 2008/09

But I was active on the forum in 2007-2009, so I saw many other posters who discovered that they did not know their risk tolerance when the stock market lost more than half its value. Therefore, I do not recommend that anyone who hasn't already experienced a bear market hold more than 80% stock. Ho...
by Fallible
Thu Oct 16, 2014 1:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 7046

Re: Relatively new here. What did you do in 2008/09

I had just started working and kept putting a higher percentage into my retirement fund. It was weird because I remember my boss asking if I wanted to decrease my contribution percentage since I started making more in salary. Obviously, I told him no. I have noticed while the "stay the course,...
by Fallible
Thu Oct 16, 2014 1:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 7046

Re: Relatively new here. What did you do in 2008/09

What does "stay the course" mean?... I had wondered this in an earlier post here after noticing that so many posters considered staying the course to mean either sticking with an original allocation or simply staying in the market but changing the allocation. To me, it is maintaining the ...
by Fallible
Thu Oct 16, 2014 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 7046

Re: Relatively new here. What did you do in 2008/09

I knew my risk tolerance from previous experience. In 2000, my portfolio was 80% stock. As I lost about a quarter of my portfolio, I didn't have any problem sticking with that allocation. I went to 85% stock in 2002, 90% in 2004, and as I overweighted risky stocks (small-cap, value, and emerging ma...
by Fallible
Wed Oct 15, 2014 10:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 7046

Re: Relatively new here. What did you do in 2008/09

The more I read here, the more it seems there are two definitions of "stay the course": -Stick to one's IPS and maintain an asset allocation; -simply stay in the market, but change the AA at will (for better or worse). It reminded me of a thread from '09 on the subject: http://www.boglehea...
by Fallible
Wed Oct 15, 2014 7:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 7046

Re: Owning property jointly with family member

If a verbal agreement doesn't work, you could have an attorney work up a contract you would all agree to and sign. If your father had an estate attorney, he or she could write it up. I don't know if there is a standard form. We have attorneys on the forum so they may come forth to advise. Also, here...
by Fallible
Wed Oct 15, 2014 6:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Owning property jointly with family member
Replies: 15
Views: 1245

Re: Thoughts on getting out [of job]

I would quit and roll the dice that your finances will work out. Which is a better gamble than rolling the dice with your health, which you are doing right now. The job could quite literally kill you. I don't believe the OP would be rolling the dice with his finances if he gets out now, but it woul...
by Fallible
Wed Oct 15, 2014 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on getting out [of job]
Replies: 37
Views: 5049

Re: Relatively new here. What did you do in 2008/09

I was still with a financial adviser who I never really talked to. I just kept putting money each month into a mutual fund. I saw all the big drops on the Nightly News when I would catch it, but honestly really didn't understand how it impacted my money and didn't care. (because I didn't get it yet...
by Fallible
Tue Oct 14, 2014 10:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 7046

Re: Relatively new here. What did you do in 2008/09

BigFoot48 wrote:
Fallible wrote:Which means you discovered a new risk tolerance and went with it, a wise move.

Exactly right. It was a 28% drop I had from top to bottom over 15 months, and I got a clear message from that of what my risk tolerance should be going forward.

:beer
by Fallible
Tue Oct 14, 2014 10:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 7046

Re: Siren song of increased stock allocation

With the market pullback I am getting the very unBogleheaed idea of moving all the money in my Total Bond fund into my Wellington fund. Anyone else hearing the siren song of increased stock allocation? At the moment, I am thinking of stocks and bonds as more like Scylla and Charybdis. In any case, ...
by Fallible
Tue Oct 14, 2014 9:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Siren song of increased stock allocation
Replies: 38
Views: 2903

Re: Relatively new here. What did you do in 2008/09

The answers here are very interesting. Most remind me of the old Mike Tyson quote: "Everybody has a plan until they get punched in the mouth." +1 Has anyone tried to make a count of what percentage in the thread followed their personal plan of what to do? i.e., how many of us Bogleheads s...
by Fallible
Tue Oct 14, 2014 8:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 7046

Re: Relatively new here. What did you do in 2008/09

why didnt you go back to 60-40? Thats how you would have made ton of money after recovery. Preferred sleeping well in my retirement and didn't really need a ton of money - had enough. I have decided to continue at about 40% stocks for many more years, and likely will never go below 30%. Which means...
by Fallible
Tue Oct 14, 2014 8:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 7046

Re: Ebola preparation

So far, I'm just trying to keep up with latest developments and keep it all in perspective. This article by the excellent journalist James Surowiecki helps with the latter:
http://www.newyorker.com/news/news-desk ... st-popular
by Fallible
Tue Oct 14, 2014 3:24 pm
 
Forum: Personal Consumer Issues
Topic: Ebola preparation
Replies: 55
Views: 2247

Re: the importance of asset allocation

Besides "Getting Started" on the wiki, read Rick Ferri's book, 2nd edition, All About Asset Allocation, especially the foreword by Bill Bernstein (more "cat cuisine"), and Rick's Introduction, which begins: "Is asset allocation dead?"
by Fallible
Tue Oct 14, 2014 3:14 pm
 
Forum: Investing - Theory, News & General
Topic: the importance of asset allocation
Replies: 16
Views: 1495

Re: Relatively new here. What did you do in 2008/09

Hello, I've been around for about a year on this forum. I am wondering what the tone was in 2008! Was it hold hold hold or was it like crap, this isn't working! In 2008, I was retired, had been investing in the market for some 20 years and pretty much stayed the course through the '87 crash, LTCM i...
by Fallible
Tue Oct 14, 2014 2:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 7046

Re: What Do You Keep In Your Bank Safe Deposit Box?

I'm just curios as to what people keep in their Bank Safe Deposit Boxes. I keep my birth certificate, passport, additional copies of my driver's license and state ID & SS card. I keep a digital back up of of all of my scanned documents on an encrypted external hard drive. I also keep family jew...
by Fallible
Mon Oct 13, 2014 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 39
Views: 2590

Re: When people put all their eggs in the wrong basket

That's a remarkable and tragic thread. ... At some point I'd like to read the early pages of that epic thread to understand what seduced investors to put so much into a single stock. It is a most tragic thread and I'm not even halfway through. Responding to your comment on why so much into a single...
by Fallible
Mon Oct 13, 2014 1:18 pm
 
Forum: Investing - Theory, News & General
Topic: When people put all their eggs in the wrong basket
Replies: 233
Views: 26587

Re: Thoughts on getting out

All, I'd appreciate hearing from you on the following. I am unsure if I'm looking for you to reinforce my plan of shoot holes in it. Both are welcome. At 59, I absolutely hate my job. I am fraught with anxiety and dread ( most of this is in my own mind but psychological counseling has had only mini...
by Fallible
Sun Oct 12, 2014 4:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on getting out [of job]
Replies: 37
Views: 5049

Re: Investing Advice [NYT article on "buying" investment adv

Thanks for the article. It shows the confusion out there on who is a fiduciary and when and even whether those calling themselves fiduciaries really are in the correct and fullest sense of the word. And yet once again we read the words, "did not fully understand" an investment, which ultim...
by Fallible
Sun Oct 12, 2014 2:51 pm
 
Forum: Investing - Theory, News & General
Topic: Investing Advice [NYT article on "buying" investment advice]
Replies: 9
Views: 969
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