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Re: bogus schwab email

By the way, an almost certain way of detecting such frauds is to proofread the notice. A real one will almost never have typos or bad grammar, and a fake one will almost always have one or more such errors. Of course if one just goes directly to the real web site by typing in the URL, then one does...
by Fallible
Tue Sep 30, 2014 1:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: bogus schwab email
Replies: 10
Views: 242

Re: what is risk?

...What I want to ask now is do you also think that some other definition might be developed that would relate to average investors in a more meaningful way? It's pretty clear that even with academic definitions, individual investors see risk very differently. Paul I, like many of my friends and re...
by Fallible
Tue Sep 30, 2014 1:22 pm
 
Forum: Investing - Theory, News & General
Topic: what is risk?
Replies: 90
Views: 2959

Re: bogus schwab email

Did anyone else just get a bogus email purporting to be from "Charles Schwab?" Subject line: "Important Notice from SEC" It says: "You need to login to online access by the link bellow to avoid your account be halted by the SEC" ... First clues that it's bogus are in t...
by Fallible
Tue Sep 30, 2014 12:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: bogus schwab email
Replies: 10
Views: 242

Re: How can I stop feeling depressed about my finances?

OP, by now you have such excellent advice (some of the most thoughtful and learned advice I've ever seen on the forum) that I doubt I could offer anything more useful. The answer to your topic question seems simple - stop focusing on money, try to understand why you do, and begin focusing on the res...
by Fallible
Tue Sep 30, 2014 12:42 pm
 
Forum: Personal Consumer Issues
Topic: How can I stop feeling depressed about my finances?
Replies: 87
Views: 5240

Re: favorite brand name products

Johm221122 wrote:What specific favorite brand name productsucts do you absolutely use with never considering change ?
...


None that I use with no consideration to change. If something better or just as good but less expensive than a brand name is available, I'd go with that.
by Fallible
Sun Sep 28, 2014 7:29 pm
 
Forum: Personal Consumer Issues
Topic: favorite brand name products
Replies: 58
Views: 2628

Re: "How Retirement Fees Cost You"

Comments are very interesting. It makes me think that as wonderful as this forum is, we are mostly preaching to the converted. It would be great to organize efforts through this group to focus energy aimed at public investing education, especially for the young. Have any local BH groups done outrea...
by Fallible
Sun Sep 28, 2014 7:21 pm
 
Forum: Investing - Theory, News & General
Topic: "How Retirement Fees Cost You"
Replies: 23
Views: 2138

Re: "Market timing is for the birds"

I would be much happier knowing the slabsided goatknocker often winters south of Chicago than I would knowing the Dow dropped a couple hundred points that day, or even 400 points (though at that number I'd probably make a brief check to see why, then return to the birds). Good article and you've not...
by Fallible
Fri Sep 26, 2014 9:15 pm
 
Forum: Investing - Theory, News & General
Topic: "Market timing is for the birds"
Replies: 2
Views: 738

Re: Disappointed in Vanguard customer service

Over many years, I've had nothing but very good to excellent service with Vanguard, most recently when they had to correct a mistake I made (sent check to the wrong account). They called to let me know, explained what would be done and then they did it. CS doesn't get any better...
by Fallible
Fri Sep 26, 2014 5:49 pm
 
Forum: Investing - Theory, News & General
Topic: Disappointed in Vanguard customer service
Replies: 32
Views: 3425

Re: The Paradox of Skill: Greater skill leads to more luck

I think the takeaway is that with a narrow dispersion of skill, random fluctuations will have more effect on the outcome, because the skill differences are small enough not to determine the results. By "random fluctuations" you mean luck? I think this basically is what he's saying, but it...
by Fallible
Thu Sep 25, 2014 2:52 pm
 
Forum: Investing - Theory, News & General
Topic: The Paradox of Skill: Greater skill leads to more luck
Replies: 11
Views: 1226

Re: The Paradox of Skill: Greater skill leads to more luck

Thanks for the video and link, which I watched and read. I enjoyed both, but while I'm probably missing something here, I still can't see greater skill leading - necessarily, inevitably - to more luck. For one thing, there is the trick of properly defining luck and definitions I've read vary. Maubou...
by Fallible
Thu Sep 25, 2014 1:49 pm
 
Forum: Investing - Theory, News & General
Topic: The Paradox of Skill: Greater skill leads to more luck
Replies: 11
Views: 1226

Re: What did you always wish for but never got?

At about age 4, I lusted after a doll which was displayed for a couple months in a storefront downtown. It was about 2 feet tall and had the most delicious wardrobe ...beautiful dresses and coats, even underwear! It was raffled off to benefit some charity. We didn't win. However, my mother, the mos...
by Fallible
Wed Sep 24, 2014 2:32 pm
 
Forum: Personal Consumer Issues
Topic: What did you always wish for but never got?
Replies: 87
Views: 5052

Re: What did you always wish for but never got?

A piano, but no complaints since we really didn't have room for one when I was growing up and I had other instruments. Plus I played pianos at the homes of my cousins and friends, at school, anywhere there was one. I was never going to be technically great on it, or even very good. But how I loved t...
by Fallible
Wed Sep 24, 2014 12:41 am
 
Forum: Personal Consumer Issues
Topic: What did you always wish for but never got?
Replies: 87
Views: 5052

Re: Need advice helping my father (phone scammer)

My father was getting a chase credit card. Around this time a scammer called and said she was from chase. She asked for his name and birth date. She also asked what other credit cards he had. He gave all this information. She did not get his socail security or card numbers Thank God. The minute I f...
by Fallible
Wed Sep 24, 2014 12:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Need advice helping my father (phone scammer)
Replies: 17
Views: 1717

Re: Personal finance book for young adults?

A college kid graduated and started working this year. Any recommendation on a personal finance book, not only about investment but also about 401K, credit card, and etc.? Thanks. For just about everything financial and then some, a must read is Jane Bryant Quinn's Making the Most of Your Money Now...
by Fallible
Wed Sep 24, 2014 12:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Personal finance book for young adults?
Replies: 7
Views: 495

Re: What Book Are You Currently Reading? Part VI

Reading at the library. I drop by my local library on a daily basis, less than 2 miles from my home, currently re-reading about pre-Columbian America and conquistadores, a lot of books including [re-reading] the classic from Doctor Jared Diamond (Guns, Germs, and Steel: The Fates of Human Societies...
by Fallible
Tue Sep 23, 2014 1:09 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 47
Views: 2337

Re: What Book Are You Currently Reading? Part VI

Reading at the library. I drop by my local library on a daily basis, less than 2 miles from my home, currently re-reading about pre-Columbian America and conquistadores, a lot of books including [re-reading] the classic from Doctor Jared Diamond (Guns, Germs, and Steel: The Fates of Human Societies...
by Fallible
Mon Sep 22, 2014 5:07 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 47
Views: 2337

Re: What Book Are You Currently Reading? Part V

I've begun reading: "Feynman Lectures on Physics" Could take me a while. For a lighter read, try Surely You're Joking Mr. Feynman! (Adventures of a Curious Character) And a bit lighter than that but just as fun and fascinating (consider the source), is What Do You Care What Other People T...
by Fallible
Sat Sep 20, 2014 1:48 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1167903

Re: What books next?

I'd suggest a book with a behavioral finance slant next. Why Smart People Make Big Money Mistakes, Gilovich & Belsky or Swedroe's Investment Mistakes Even Smart Investors Make …. Or a mix: Swedroe's The Only Guide You'll Ever Need for the Right Financial Plan: Some of the fun and lively books o...
by Fallible
Thu Sep 18, 2014 6:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: What books next?
Replies: 12
Views: 912

Re: Jason's Zweig's new dictionary ---enjoy

Impressive! This represent a tremendous amount of work. +1 Clever and entertaining, but a lot of thought went into it. Yes, Fallible, we are counting on you. :happy Risk Premium? volatility? Load? Paul A couple and then it's your turn. :) MARKET TIMING n. - A popular forum topic where we ask if a s...
by Fallible
Thu Sep 18, 2014 6:00 pm
 
Forum: Investing - Theory, News & General
Topic: Jason's Zweig's new dictionary ---enjoy
Replies: 27
Views: 2489

Re: Jason's Zweig's new dictionary ---enjoy

Jason is looking for constructive criticism, so if you have any to offer, post it here. I'll let Jason know about this thread. Mel, For fun and maybe a little humorous enlightenment of the Bogleheads and our philosophy, maybe we should start a "Devil's" dictionary on, say, passive investi...
by Fallible
Thu Sep 18, 2014 3:39 pm
 
Forum: Investing - Theory, News & General
Topic: Jason's Zweig's new dictionary ---enjoy
Replies: 27
Views: 2489

Re: Financial Psychology - Mind Over Money

... In real life, time is stretched and self-deception goes only so far. In Predictably Irrational , Ariely gives an example of his devastating indecisiveness. He had two lucrative offers for post-doc positions, I think from Princeton and Stanford, and for several months he could not decide which o...
by Fallible
Thu Sep 18, 2014 2:43 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Psychology - Mind Over Money
Replies: 77
Views: 3601

Re: Financial Psychology - Mind Over Money

One can't diagnose one's own cognitive biases at the time when these biases are active and potentially damaging. One can't say "I am in the middle of anchoring thinking, please help me get off!" Once you name it, you don't need outside help. Well, I'm not sure that's true. I think one can...
by Fallible
Wed Sep 17, 2014 10:49 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Psychology - Mind Over Money
Replies: 77
Views: 3601

Re: Financial Psychology - Mind Over Money

Postingname wrote: But I don't remember seeing anything that I could specifically -- off the top of the bat -- apply to investing. A lot of it applies to investing. Have you seen Behavioral Pitfalls in the Wiki? The people over on the dark side of investing also have a blog category about it: http:...
by Fallible
Wed Sep 17, 2014 8:26 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Psychology - Mind Over Money
Replies: 77
Views: 3601

Re: What books next?

Hi all - Thanks in advance for your input! I am familiar with the wiki page " Books: Recommendations and Reviews " but wanted to get some input from the forum on what books you recommend I read next . There are too many to choose from and several are out of date now that it makes it hard ...
by Fallible
Wed Sep 17, 2014 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: What books next?
Replies: 12
Views: 912

Re: Financial Psychology - Mind Over Money

The beauty of buy-and-hold investing is that it avoids behavioral mistakes by avoiding behavior instead of avoiding mistakes. The less you look at your investments and the fewer choices you have to make, the fewer opportunities there are for getting things wrong. So pick a simple plan and stay the ...
by Fallible
Wed Sep 17, 2014 1:52 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Psychology - Mind Over Money
Replies: 77
Views: 3601

Re: Financial Psychology - Mind Over Money

... No, there have been some real interesting experiments that look at the ability of those fully aware of specific biases to overcome them - I'll try to tack them down for you but the long and short of it was they weren't measurably more successful than those unaware of the biases and in at least ...
by Fallible
Wed Sep 17, 2014 10:13 am
 
Forum: Investing - Theory, News & General
Topic: Financial Psychology - Mind Over Money
Replies: 77
Views: 3601

Re: Jason's Zweig's new dictionary ---enjoy

http://www.jasonzweig.com/dictionary/ I'm sure Boglehead's will enjoy reading Jason's dictionary Larry Fantastic! Thanks, Larry. Bierce's dictionary was much fun and I'm glad to see a financial version, like this one, which will no doubt remind many of Bank of America's buying Merrill Lynch: "...
by Fallible
Wed Sep 17, 2014 9:15 am
 
Forum: Investing - Theory, News & General
Topic: Jason's Zweig's new dictionary ---enjoy
Replies: 27
Views: 2489

Re: Key to happiness in retirement

“I am a happy camper so I guess I’m doing something right. Happiness is like a butterfly; the more you chase it, the more it will elude you, but if you turn your attention to other things, it will come and sit softly on your shoulder.” ― Henry David Thoreau Being a great fan of serendipity, I've al...
by Fallible
Tue Sep 16, 2014 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Key to happiness in retirement
Replies: 36
Views: 3717

Re: Key to happiness in retirement

Have a Passion. Much overlooked and very necessary. Don't delay "retirement" too long. Delayed gratification can lead to No Gratification at the drop of a hat. My $.02 If you have a true passion, it couldn't be overlooked. It will be at the forefront of just about everything you do and re...
by Fallible
Tue Sep 16, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Key to happiness in retirement
Replies: 36
Views: 3717

Re: Financial Psychology - Mind Over Money

As for Kahneman and Ariely, both are quite realistic about the difficulty in dealing with our biases. I don't think they ever thought awareness would protect them from their biases, nor do I think they ever meant that awareness could not help people deal with them. I once glanced through the Kahnem...
by Fallible
Tue Sep 16, 2014 7:53 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Psychology - Mind Over Money
Replies: 77
Views: 3601

Re: Financial Psychology - Mind Over Money

Kahneman, Ariely, and other prominent BE researchers freely admit that the knowledge of cognitive biases has not protected them from making every mistake in the book. I always thought that their editors forced them to put that in their books. No, there have been some real interesting experiments th...
by Fallible
Tue Sep 16, 2014 6:49 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Psychology - Mind Over Money
Replies: 77
Views: 3601

Re: Financial Psychology - Mind Over Money

... Loss aversion (whose existence has been questioned by some recent studies) is not fear of a market crash but the asymmetrical value between losses and gains of equal value - passive indexing would do nothing to help with loss aversion per se. Handing over management of your money to someone els...
by Fallible
Tue Sep 16, 2014 1:56 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Psychology - Mind Over Money
Replies: 77
Views: 3601

Re: Key to happiness in retirement

“I am a happy camper so I guess I’m doing something right. Happiness is like a butterfly; the more you chase it, the more it will elude you, but if you turn your attention to other things, it will come and sit softly on your shoulder.” ― Henry David Thoreau Being a great fan of serendipity, I've al...
by Fallible
Tue Sep 16, 2014 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Key to happiness in retirement
Replies: 36
Views: 3717

Re: What evidence would prove the Boglehead mentality wrong?

The "Boglehead mentality" is, ultimately, common sense. What common sense is based on can change, but never the common sense about it. :happy
by Fallible
Tue Sep 16, 2014 12:44 pm
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 109
Views: 7626

Re: Key to happintess in retirement.

Have a Passion. Much overlooked and very necessary. Don't delay "retirement" too long. Delayed gratification can lead to No Gratification at the drop of a hat. My $.02 If you have a true passion, it couldn't be overlooked. It will be at the forefront of just about everything you do and re...
by Fallible
Mon Sep 15, 2014 7:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Key to happiness in retirement
Replies: 36
Views: 3717

Re: Key to happintess in retirement.

Interesting how the first article focuses on health and the second considers health so important it's not necessary to include it in the happiness list. I'm retired, full-time for several years now, so while I agree with what both articles had to say, it wasn't really new. My biggest focus is on try...
by Fallible
Mon Sep 15, 2014 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Key to happiness in retirement
Replies: 36
Views: 3717

Re: Good hobby for a bright/obsessive 9 year old?

Hoping for some advice from parents on this one. We have a bright and obsessive 9 year old boy who needs a new hobby. I'm sure he would prefer to play games on the computer but we're sure he could be doing something better with his time and energy. ... If you're looking for a true alternative to hi...
by Fallible
Mon Sep 15, 2014 3:08 pm
 
Forum: Personal Consumer Issues
Topic: Good hobby for a bright/obsessive 9 year old?
Replies: 73
Views: 3060

Re: Recommended Risk assessment questionnaires?

Having searched this forum, I see that opinions of the value of risk assessment questionnaires' are dubious at best. That being said, our son (29) has finally begun to listen to the wisdom of his old man, and now is ready to seriously start investing. I'm looking to connect him to the best question...
by Fallible
Mon Sep 15, 2014 11:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Recommended Risk assessment questionnaires?
Replies: 4
Views: 448

Re: EJ Gadflies [Edward Jones]

... My point (belabored) is that even with the low costs that Bogle brought about, people will do stupid things with their money for reasons that defy logic. Other firms sell better than Vanguard does, and as long as that happens the EJs of the world will continue to thrive. When we do stupid thing...
by Fallible
Mon Sep 15, 2014 11:08 am
 
Forum: Personal Finance (Not Investing)
Topic: EJ Gadflies [Edward Jones]
Replies: 64
Views: 6161

Re: Heads-Up New Indexers

Good to see the new blog and pkcrafter's piece on performance chasing. Look forward to more!
by Fallible
Sat Sep 13, 2014 8:54 pm
 
Forum: Investing - Theory, News & General
Topic: Heads-Up New Indexers
Replies: 2
Views: 890

Re: Introduction

Welcome "cautious" and "passive," two good investor characteristics. In addition to checking out "Getting Started" on our wiki already mentioned here, I'd recommend two books, The Little Book of Common Sense Investing by John Bogle and If You Can - How Millenials Can Ge...
by Fallible
Sat Sep 13, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Introduction from a new investor
Replies: 8
Views: 762

Re: "A Boring Investor's Gambling Portfolio" -Allan Roth

I said earlier that Roth's advice is good for those who have to play. However, it's clear that Allan does not need this money for retirement. I also think Nisiprius is right, for those who "must" gamble, if the 5% is lost, a new 5% will just be grabbed from the retirement portfolio, proba...
by Fallible
Sat Sep 13, 2014 2:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: "A Boring Investor's Gambling Portfolio" -Allan Roth
Replies: 8
Views: 1584

Re: EJ Gadflies [Edward Jones]

There was a miscommunication. You see when you said you invest through Vanguard you were saying, "there is no chance in H%ll you will get my investments." But he heard, "I have money and I'm already comfortable with risk." He talks to a lot of people who don't have money, or who...
by Fallible
Sat Sep 13, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: EJ Gadflies [Edward Jones]
Replies: 64
Views: 6161

Re: "A Boring Investor's Gambling Portfolio" -Allan Roth

I've seen this before, and I don't buy it: So if there is an inner gambler in you, go for it, but do it with preset rules that will minimize your losses. Typically, the gambling portion allocated should be no more than 5 percent of your portfolio. The question is this. Suppose you are someone who i...
by Fallible
Sat Sep 13, 2014 10:08 am
 
Forum: Investing - Help with Personal Investments
Topic: "A Boring Investor's Gambling Portfolio" -Allan Roth
Replies: 8
Views: 1584

Re: Forecasters persistently fail us, yet we keep listening

Personally I believe that people ignore the evidence because there is an all too human need to believe that there's someone who can protect us from bad things happening http://www.etf.com/sections/index-investor-corner/23253-swedroe-forecasters-persistently-fail-us.html Best wishes Larry Enjoyed th...
by Fallible
Fri Sep 12, 2014 2:55 pm
 
Forum: Investing - Theory, News & General
Topic: Forecasters persistently fail us, yet we keep listening
Replies: 6
Views: 552

"A Boring Investor's Gambling Portfolio" -Allan Roth

With all the threads on investing "play" and "fun" money and all the threads on gambling, I thought Boglehead Allan Roth's column was timely and needed to show how - if one MUST gamble - to gamble the safe way. The most important advice, IMO, he summed up last (boldface mine): &q...
by Fallible
Fri Sep 12, 2014 2:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: "A Boring Investor's Gambling Portfolio" -Allan Roth
Replies: 8
Views: 1584

Re: "5 Simple Steps to the Perfect Portfolio"

Thanks for the link, Taylor. It's more helpful advice on how to avoid having too many funds and knowing when is "too many." I liked the "diversifying or di-worse-ifying" and "prudent diversification or imprudent di-worse-ification." LarryG, I also liked Bill Bernstein's...
by Fallible
Fri Sep 12, 2014 1:44 pm
 
Forum: Investing - Theory, News & General
Topic: "5 Simple Steps to the Perfect Portfolio"
Replies: 2
Views: 880

Re: Angry when stock market is down

Does anyone else get angry/edgy/cranky on days where the stock market is down? In the last couple of days, I find little things "set me off". But maybe it could also be other factors in my life. For instance, it's annoying to see REITs down 1.8% today. I won't sell, but I'm just annoyed. ...
by Fallible
Fri Sep 12, 2014 12:57 pm
 
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 4160

Re: Jack Bogle on Diversified Portfolios vs Speculation

Nice interview by Jason Zweig with Jack Bogle Buying and holding stocks and bonds for the long term and maintaining a diversified portfolio are still the smartest strategies for the average investor, says Vanguard founder Jack Bogle in answer to Mark Cuban and other critics of these traditional app...
by Fallible
Fri Sep 12, 2014 12:00 am
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Diversified Portfolios vs Speculation
Replies: 5
Views: 810
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