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Re: Wiki comments requested: The importance of asset allocat

Based on the responses, let me propose another option: Should the notice be removed? We can certainly do that. ... After having earlier overstated my case on writing for the new investor, I'll just suggest that our choices be to either remove the notice or go with richard's suggestion (which I pref...
by Fallible
Fri Jan 30, 2015 8:46 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki comments requested: The importance of asset allocation
Replies: 73
Views: 2395

Re: Wiki comments requested: The importance of asset allocat

Hmmm. A few months ago, I printed an asset allocation chart from Vanguard that showed simple pie charts for each 10% band of stocks vs. bonds for various AAs. Next to each pie chart were some numbers about best returns in a year, worst returns in a year, and I think number of years with a loss for ...
by Fallible
Fri Jan 30, 2015 4:35 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki comments requested: The importance of asset allocation
Replies: 73
Views: 2395

Re: Wiki comments requested: The importance of asset allocat

So here's a shorter, simpler, crisper version: "Asset allocation is one of the more important decisions investors make. Selection of individual securities is less significant than the overall allocation to stocks, bonds, and cash." Ok, but from the second part of LadyGeek's original query...
by Fallible
Fri Jan 30, 2015 11:47 am
 
Forum: Investing - Theory, News & General
Topic: Wiki comments requested: The importance of asset allocation
Replies: 73
Views: 2395

Re: Wiki comments requested: The importance of asset allocat

^^^ Yes, it does. Taylor Larimore has more quotes in: What Experts Say About "Asset-Allocation & Diversification" For a new investor, I would think that easy-to-understand phrases (not too "technical") that make a strong point work best. Doing this in one or two sentences sh...
by Fallible
Fri Jan 30, 2015 12:12 am
 
Forum: Investing - Theory, News & General
Topic: Wiki comments requested: The importance of asset allocation
Replies: 73
Views: 2395

Re: Help - DH's bank wants to switch his RMD to VALIC

Please take the excellent advice here to put the money in savings, then take the time you need to review your options. The bank is pushing you, a classic sales tactic to win over a customer before they can think about and understand the product.
by Fallible
Thu Jan 29, 2015 6:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help - DH's bank wants to switch his RMD to VALIC
Replies: 12
Views: 662

Re: Assisted Living Facilities... Weird 'Atmosphere...'

I've seen this also, in facilities about the same size. But I've also seen talkers in small settings (6-8 per house) although not everyone would/could talk. Neither way bothered me as there were optional activities that some residents participated in and some did not. In all places, the caregivers ...
by Fallible
Thu Jan 29, 2015 1:51 pm
 
Forum: Personal Consumer Issues
Topic: Assisted Living Facilities... Weird 'Atmosphere...'
Replies: 31
Views: 3154

Re: What is your BMI?

My BMI could be better and I do work to keep my weight down. But here's a link to a New York Times article by Jane Brody on how the BMI "doesn't tell the whole truth" and what it can and can't show. “The B.M.I. tables are excellent for identifying obesity and body fat in large populations,...
by Fallible
Thu Jan 29, 2015 1:27 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: What is your BMI?
Replies: 28
Views: 1875

Re: Assisted Living Facilities... Weird 'Atmosphere...'

Some years ago, when two of my relatives were in assisted living in different states, I ate with them in the dining rooms and it was never completely quiet. Residents at some tables were more talkative than others, but I'm sure it depended on their conditions. Also, new residents are coming in all t...
by Fallible
Thu Jan 29, 2015 1:05 pm
 
Forum: Personal Consumer Issues
Topic: Assisted Living Facilities... Weird 'Atmosphere...'
Replies: 31
Views: 3154

Re: What I Learned About Investing

It's great that you've prepared this summary for your sons and the follow-up discussions with them may be even more important. A suggestion: I don't know what ages the boys will be when you plan to present this and that could make a difference in how you begin the summary. The younger they are, the ...
by Fallible
Wed Jan 28, 2015 2:18 pm
 
Forum: Investing - Theory, News & General
Topic: What I Learned About Investing
Replies: 5
Views: 917

Re: Workplace net worth conversations you'd like to avoid?

You probably were right to say nothing, but can you tell us what money advice they gave you?
by Fallible
Wed Jan 28, 2015 1:00 pm
 
Forum: Personal Consumer Issues
Topic: Workplace net worth conversations you'd like to avoid?
Replies: 79
Views: 7016

Re: Newer washing machine freaks out dog

Dogs can usually hear high frequency sounds that humans can't. Think dog whistles. A lot of modern electronics uses switching power supplies. Motor controllers do the same to efficiently control speed. Switching power supplies work by rapidly turning a current on and off. This causes a high frequen...
by Fallible
Tue Jan 27, 2015 10:42 pm
 
Forum: Personal Consumer Issues
Topic: Newer washing machine freaks out dog
Replies: 34
Views: 2175

Re: Newer washing machine freaks out dog

OP, if you're thinking about trying to change the dog's behavior, please talk to your vet first. As I mentioned earlier, they should have experience with this and be able to suggest solutions. Meantime, take up the good advice here to check out the washer.
by Fallible
Tue Jan 27, 2015 7:12 pm
 
Forum: Personal Consumer Issues
Topic: Newer washing machine freaks out dog
Replies: 34
Views: 2175

Re: Newer washing machine freaks out dog

I've heard many washing machines over the years and none as noisy as this seems, not to mention the vibration. I would call the company, the installers and check online (I googled and saw several sites about noise and the Cabrio). AND check with your vet. Definitely the vet because they should be fa...
by Fallible
Tue Jan 27, 2015 3:50 pm
 
Forum: Personal Consumer Issues
Topic: Newer washing machine freaks out dog
Replies: 34
Views: 2175

Re: The Biggest Risk

Perhaps the biggest investment risk for all investors is not educating themselves in money management and investment basics. Paul That would well describe my first mutual fund investment with the family stockbroker. It turned out to be the biggest risk because I had not properly educated myself on ...
by Fallible
Tue Jan 27, 2015 2:52 pm
 
Forum: Investing - Theory, News & General
Topic: The Biggest Risk
Replies: 18
Views: 1947

Re: Efficient markets: luck v. skill

Going beyond efficient markets to life itself, can luck ever be positively identified and the full extent of its impact be determined and satisfactorily explained? If that's a legitimate question, then I think the answer is no, largely because luck is too interwoven with skill and I don't know of an...
by Fallible
Mon Jan 26, 2015 8:34 pm
 
Forum: Investing - Theory, News & General
Topic: Efficient markets: luck v. skill
Replies: 37
Views: 2488

Re: OLD AGE PENNY PINCHERS

This is a solid (as usual) WSJ piece by Jonathan Clements. I don't find much to not agree with, but I do not understand #3. He refers to Prof. Munnell's research, but refers to 2 "assets" that I (we?) don't usually include when listing our retirement assets. When did the value assigned to...
by Fallible
Mon Jan 26, 2015 2:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Clements - 4 strategies for those close to retirement]
Replies: 25
Views: 3272

Re: Time to stop driving for 85 yo MIL

She may be angry for a time, but eventually it will subside and, if dementia is involved, it will likely be forgotten quickly. In any case, the family has no choice but to stop the driving or face consequences that could be far worse than an unhappy relative. ... She was indeed very angry and tearf...
by Fallible
Mon Jan 26, 2015 2:34 pm
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 69
Views: 3678

Re: Time to stop driving for 85 yo MIL

My Mom had macular and a substantial hearing deficit (deaf in one ear and major deficit in the other). Her eye doctor convinced her. Amazing how many options there are these days for non-driving seniors. In her locale it was called "catch-a-ride", staffed by other retired folks who happil...
by Fallible
Sun Jan 25, 2015 7:50 pm
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 69
Views: 3678

Re: Time to stop driving for 85 yo MIL

My 95 MIL still drives and drives well, though she voluntarily decided not to drive during the evenings unless it's an emergency, like last year when she drove herself to the hospital emergency room and then waited 6 hours before someone attended her! We worry about her on the road but the accident...
by Fallible
Sun Jan 25, 2015 7:22 pm
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 69
Views: 3678

Re: Time to stop driving for 85 yo MIL

Contact the DMV. They'll call her in for a test. She'll fail it. She'll lose her license. She may still drive. She may also hate the person who took her independence away from her for the rest of her life. She may be angry for a time, but eventually it will subside and, if dementia is involved, it ...
by Fallible
Sun Jan 25, 2015 6:55 pm
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 69
Views: 3678

Re: Adopting

Recent thread: http://www.bogleheads.org/forum/viewtopic.php?f=11&t=149476&p=2237485 Big things to know: Cost: varies by state you live in and where you adopt from. Also age of child. An older child from state custody will be very inexpensive. An expensive state, adopting an infant can cost...
by Fallible
Sun Jan 25, 2015 4:58 pm
 
Forum: Personal Consumer Issues
Topic: Adopting
Replies: 29
Views: 2456

Re: WHAT EXPERTS SAY

Taylor,

From your link to "Simplicity" is this from Jack Bogle: "Simplicity is the master key to financial success." In a way, you and Jack are 'master keys' to the financial success of the Bogleheads.

Thank you and Happy Birthday!

Fallible
by Fallible
Sun Jan 25, 2015 3:32 pm
 
Forum: Investing - Theory, News & General
Topic: What Experts Say [about various investing topics]
Replies: 51
Views: 3259

Re: What Experts Say About "Past Performance"

... Jonathan Clements, author & Wall Street Journal columnist: "Trying to pick market-beating investments is a loser's game ." ... Bill Schultheis, adviser and author of The Coffeehouse Investor : "Using past performance numbers as a method for choosing mutual funds is [b]such a ...
by Fallible
Sun Jan 25, 2015 3:01 pm
 
Forum: Investing - Theory, News & General
Topic: What Experts Say About "Past Performance"
Replies: 3
Views: 634

Re: "Its Time To End Financial Advisers 1% Fees"

I don't buy it and I don't agree. The more I learn about human nature, the more I realize that it is pure folly to expect the average American to successfully devise and execute a 75 year plan for financial success, including education, careers, marriage/divorce, kids, college savings, medical expe...
by Fallible
Sun Jan 25, 2015 1:29 pm
 
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 102
Views: 7966

Re: Time to stop driving for 85 yo MIL

My MIL had yet another accident. She is 85, has trouble hearing and I suspect seeing (macular degeneration). She has owned a few cards in the last 10 years, due to accidents. She cracked a rib plowing into the back of another vehicle recently. She was a decent driver until 75 and downhill from that...
by Fallible
Sun Jan 25, 2015 1:11 pm
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 69
Views: 3678

Re: "Its Time To End Financial Advisers 1% Fees"

It may be time to end the 1% fees, but Clements is probably right that traditional advisers will try to offer clients more services, more handholding, rather than cut their fees. Thanks for the link, Taylor. The column is a nice update on where the active/passive battle now stands and I hadn't reali...
by Fallible
Sat Jan 24, 2015 9:21 pm
 
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 102
Views: 7966

Re: Anyone else love reading textbooks?

A delightful essay from one of my old college textbooks by Mark Van Doren, "Education by Books" ( The Nation , 1933), somewhat pertains here I think. It's about an institution, basically a university, whose sole purpose was to require students to read some of the greatest classics over fo...
by Fallible
Sat Jan 24, 2015 7:55 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2795

Re: Anyone else love reading textbooks?

... Pick your textbooks wisely: - in sciences, they go obsolete pretty quickly - not so much the basic principles, but the frontiers of discovery (even a basic physics textbook will talk about CERN and the LHC and Standard Theory). A subscription to New Scientist is helpful in this regard - in soci...
by Fallible
Sat Jan 24, 2015 5:00 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2795

Re: Anyone else love reading textbooks?

lightheir, As a professor, I could not agree more that students need to read the major/primary texts assigned at least 3 times, or they need to read *very* slowly, whichever works best for them. My specialty is Ancient Greek Philosophy, and I am so tired of students who skim, e.g. Plato's Gorgias, ...
by Fallible
Sat Jan 24, 2015 4:27 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2795

Re: Anyone else love reading textbooks?

[Re history texts: are you referring to errors of fact or just differing interpretation of events? n 1942, Columbus sailed the ocean blue. :D ;) One reputable source refers to "when the Germans bombed Pearl Harbor." Victoria I checked my quality textbook: Columbus bombed America in 1492.
by Fallible
Fri Jan 23, 2015 10:29 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2795

Re: What Experts Say About "Indexing"

Thanks for these Taylor. My favorite description of low-cost indexing is short and simple: "mathematical certainty."
by Fallible
Fri Jan 23, 2015 8:09 pm
 
Forum: Investing - Theory, News & General
Topic: What Experts Say About "Indexing"
Replies: 10
Views: 2087

Re: Anyone else love reading textbooks?

I like to read history textbooks as many contain factual errors. How do you know that many history textbooks contain factual errors? I don't doubt that many do. But how do you recognize the errors? Do you do primary historical research yourself? That must be hard to do with a full-time job as a pro...
by Fallible
Fri Jan 23, 2015 6:32 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2795

Re: Anyone else love reading textbooks?

I've saved most of my college textbooks, too, and I enjoy seeing what I highlighted back then (if the highlights aren't too faded!). If I were to read them again at length, I'd be curious to see if I would highlight the same passages. I also was a heavy highlighter of my college textbooks (plus scr...
by Fallible
Fri Jan 23, 2015 6:06 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2795

Re: Downsize, Reduce, Simplify.

I'm right on the cusp of a life changing event. One possibility will be a strong move to downsize and simplify housing and other expenditures. And, on the flip side, this change would increase physical recreational activities as well as other low cost interests such as volunteering, reading, club e...
by Fallible
Fri Jan 23, 2015 3:17 pm
 
Forum: Personal Consumer Issues
Topic: Downsize, Reduce, Simplify.
Replies: 65
Views: 7184

Re: Anyone else love reading textbooks?

I don't know about the validity of this topic, but I do too enjoy reading textbooks. I think if one has a goal that requires the knowledge, that can be the powerful stimulus.. ... Agree and re topic validity, if you mean whether it's actionable, etc., the OP could change the topic title to ask what...
by Fallible
Fri Jan 23, 2015 2:49 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 82
Views: 2795

Re: My strange little hobby [Collecting signatures]

This thread is now in the Personal Consumer Issues forum (collecting signatures). I also retitled the thread. I've got John Bogle's signature by attending the Bogleheads Conferences. I also have signatures from the Bogleheads authors who attended the conferences. Who's signature do I value the most...
by Fallible
Thu Jan 22, 2015 10:02 pm
 
Forum: Personal Consumer Issues
Topic: My strange little hobby [Collecting signatures]
Replies: 19
Views: 2417

Re: "The ABCs of Common Sense Investing"

Taylor Larimore wrote:Bogleheads:

Rick Van Ness has put Boglehead Philosophy into poetry: ...
Taylor


I think with the "ABCs" and his videos, he has also brought fun to learning, which is well known to make learning easier. Thanks Rick, and thanks Taylor.
by Fallible
Thu Jan 22, 2015 8:51 pm
 
Forum: Investing - Theory, News & General
Topic: "The ABCs of Common Sense Investing"
Replies: 11
Views: 1669

Re: Ask plumber to pay for damages?

Maybe. It just depends. Was he hired to check the flush and fill valve? Is that a part of de-winterizing? If so, he should pay. If not, you're the homeowner and the homeowner pays. JT I wondered this and also whether the OP has talked to him about it and the plumber has said he didn't check this va...
by Fallible
Thu Jan 22, 2015 7:08 pm
 
Forum: Personal Consumer Issues
Topic: Ask plumber to pay for damages?
Replies: 12
Views: 1910

Re: Gotta Be a Bear Market Coming

The economy looks strong with growth up and unemployment down. Nonetheless, I'e got to think this bull market is getting somewhat aged. While I won't resort to market-timing, I am bracing - perhaps irrationally - bracing for a major correction or bear market. Why would you resort to market timing i...
by Fallible
Thu Jan 22, 2015 6:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Gotta Be a Bear Market Coming
Replies: 64
Views: 7663

Re: My strange little hobby

My strange little hobby is finally complete. I have learned so much from three men I have never met. These three men have become mentors and people I try to emulate every day in my own personal life. Even though I was introduced to them through their writings on money, I found I learned more about ...
by Fallible
Thu Jan 22, 2015 6:43 pm
 
Forum: Personal Consumer Issues
Topic: My strange little hobby [Collecting signatures]
Replies: 19
Views: 2417

Re: How does an Efficient Market explain Buffett?

These discussions always surprise me, and confirm Bogles advice to people to invest in index funds. Most people don't understand anything about business valuation or investing, and those that do often cannot execute it. Buffett does both better than anyone else alive (or dead, for that matter). The...
by Fallible
Thu Jan 22, 2015 2:13 pm
 
Forum: Investing - Theory, News & General
Topic: How does an Efficient Market explain Buffett?
Replies: 257
Views: 12763

Re: How does an Efficient Market explain Buffett?

An important aspect of a genius is her or his impact. The people on Gelb's list have changed the direction of the humanity. Buffett's main achievement is a redistribution of assets from shareholders to his favorite charities. It's commendable but hardly revolutionary. Victoria It should be noted I ...
by Fallible
Wed Jan 21, 2015 9:52 pm
 
Forum: Investing - Theory, News & General
Topic: How does an Efficient Market explain Buffett?
Replies: 257
Views: 12763

Re: How does an Efficient Market explain Buffett?

... My authority is Michael J. Gelb, the author of How to think like Leonardo do Vinci . Gelb's list of the ten most revolutionary minds in history includes: - Plato - Brunelleschi - Columbus - Copernicus - Elizabeth I - Shakespeare - Jefferson - Darwin - Gandhi, and - Einstein. Victoria Not making...
by Fallible
Wed Jan 21, 2015 5:45 pm
 
Forum: Investing - Theory, News & General
Topic: How does an Efficient Market explain Buffett?
Replies: 257
Views: 12763

Re: How does an Efficient Market explain Buffett?

...But why isn't Buffett a genius?... Why isn't Ken Heebner a genius? http://s5.postimg.org/h2nmb7pkn/Captura_de_pantalla_2015_01_21_a_las_4_26_44_PM.png Answer: Because it's not 2006. (Blue: CGM Focus, Ken Heebner's fund; Orange, genius-free Vanguard Total Stock Market Index Fund). ... It's not so...
by Fallible
Wed Jan 21, 2015 5:25 pm
 
Forum: Investing - Theory, News & General
Topic: How does an Efficient Market explain Buffett?
Replies: 257
Views: 12763

Re: How does an Efficient Market explain Buffett?

As I said earlier, Buffett is more than the sum of his parts. That's what genius is. You can possibly explain one of his remarkable feats, but rarely all of it and even if all of it, there's the next remarkable one and the next and the next. Hi Fallible, I don't consider Warren Buffett a genius. He...
by Fallible
Wed Jan 21, 2015 5:11 pm
 
Forum: Investing - Theory, News & General
Topic: How does an Efficient Market explain Buffett?
Replies: 257
Views: 12763

Re: How does an Efficient Market explain Buffett?

As I said earlier, Buffett is more than the sum of his parts. That's what genius is. You can possibly explain one of his remarkable feats, but rarely all of it and even if all of it, there's the next remarkable one and the next and the next. Hi Fallible, I don't consider Warren Buffett a genius. He...
by Fallible
Tue Jan 20, 2015 10:33 pm
 
Forum: Investing - Theory, News & General
Topic: How does an Efficient Market explain Buffett?
Replies: 257
Views: 12763

Re: How does an Efficient Market explain Buffett?

I actually wasn't making an argument in question format. I was really asking questions! Regardless of whether the EMH is or is not theoretically sound, the question is if investors should behave as if the markets are efficient for the most part. I incline toward the view that they should. Very few ...
by Fallible
Tue Jan 20, 2015 8:23 pm
 
Forum: Investing - Theory, News & General
Topic: How does an Efficient Market explain Buffett?
Replies: 257
Views: 12763

Re: “How Does Aging Affect Financial Decision Making?”

I fear the problem is, your ability diminishes long before your confidence does, and also long before anyone would consider you not competent. ...L. Yes, I would also think this, although in early stages of some dementia, when there is initial awareness of declining ability, there is also resulting...
by Fallible
Tue Jan 20, 2015 5:20 pm
 
Forum: Investing - Theory, News & General
Topic: “How Does Aging Affect Financial Decision Making?”
Replies: 54
Views: 2763

Re: “How Does Aging Affect Financial Decision Making?”

With the average age in this study being early 80s, it’s best for us DIYs to prepare for some type of decline well beforehand. In other words, we should follow Taylor’s wise advice and fine example. :thumbsup I looked over the study and ended up, rightly or wrongly, with many questions. For good rea...
by Fallible
Tue Jan 20, 2015 4:16 pm
 
Forum: Investing - Theory, News & General
Topic: “How Does Aging Affect Financial Decision Making?”
Replies: 54
Views: 2763
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