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Re: Convincing older relative to open online savings account

My mother, now 90, has for several years been uncomfortable with new or complex financial arrangements. While she can send email and order things from Amazon, anything else on the computer is really beyond her capabilities. Thus, I have refrained from suggesting online bank accounts or CD's that wo...
by Fallible
Thu Feb 26, 2015 12:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Convincing older relative to open online savings account
Replies: 34
Views: 1375

Re: Is it actually impossible to time market crashes?

Alan Greenspan has famously called the dot-com bubble crash in December 1996. The most useful outcome of his warning was that the expression "irrational exuberance" has entered the lexicon of people who otherwise limit themselves to two-syllable words. Victoria And it is a perfect example...
by Fallible
Thu Feb 26, 2015 12:11 pm
 
Forum: Investing - Theory, News & General
Topic: Is it actually impossible to time market crashes?
Replies: 56
Views: 2731

Re: Is it actually impossible to time market crashes?

I don't think one needs to time things perfectly. Getting it half right is not failure. For instance, loading up on equities in March 2009 by rebalancing is not failure. Nor is loading up in May 2009. But if one was asked in 2003 whether there would be Great Recession due subprime loans later in th...
by Fallible
Wed Feb 25, 2015 4:40 pm
 
Forum: Investing - Theory, News & General
Topic: Is it actually impossible to time market crashes?
Replies: 56
Views: 2731

Re: Help! Ive been put on a performance improvement plan!

You could use the improvement plan as incentive to pull together thoughts of your past year as objectively as possible (no mention of specific instances or employees or management as it's beyond that now). Write down what you did wrong, what you did right, what you liked and were good at, what you d...
by Fallible
Wed Feb 25, 2015 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help! Ive been put on a performance improvement plan!
Replies: 61
Views: 6380

Re: Value investing doesn't even beat the S&P 500

... Fallible, I think we are saying the same thing, but I would like to clarify it with an example: - If one has a weakness for ice cream and is not aware of this weakness, he will continue buying and consuming prodigious amounts of ice cream. - If one has a weakness for ice cream, is aware of this...
by Fallible
Wed Feb 25, 2015 1:34 pm
 
Forum: Investing - Theory, News & General
Topic: Value investing doesn't even beat the S&P 500
Replies: 45
Views: 4194

Re: Value investing doesn't even beat the S&P 500

The interesting question is whether we are behaviorally capable of staying the course through simple will power. The willpower research has shown that a concept of people having or not having will power is a wrong model. Willpower is a finite resource that is depleted with use. Not only willpower i...
by Fallible
Tue Feb 24, 2015 8:52 pm
 
Forum: Investing - Theory, News & General
Topic: Value investing doesn't even beat the S&P 500
Replies: 45
Views: 4194

Re: Value investing doesn't even beat the S&P 500

The interesting question is whether we are behaviorally capable of staying the course through simple will power. The willpower research has shown that a concept of people having or not having will power is a wrong model. Willpower is a finite resource that is depleted with use. Not only willpower i...
by Fallible
Tue Feb 24, 2015 6:33 pm
 
Forum: Investing - Theory, News & General
Topic: Value investing doesn't even beat the S&P 500
Replies: 45
Views: 4194

Re: Do you watch commercials?

The reason I've tried to find so hard to find Tversky's comment is because if I've remembered it correctly, it could also apply to how some financial advisers have learned to turn BE into behavioral finance for their own benefit and not always their clients. In other words, what you have written ab...
by Fallible
Tue Feb 24, 2015 12:36 pm
 
Forum: Personal Consumer Issues
Topic: Do you watch commercials?
Replies: 42
Views: 1786

Re: What Movie Have You Recently Watched?

retiredbuthappy wrote:The Ladykillers with Alec Guinness on TCM - clever pot twists, fine casting!, color even, laughed and laughed.
RbH


Agree, beautifully and hilariously underplayed by some of the best (Guinness, Sellers, etc.). The characters of Guinness and Katie Johnson are a great comic contrast. Fun.
by Fallible
Tue Feb 24, 2015 12:14 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 561
Views: 68402

Re: Do you watch commercials?

... Everyone is influenced by commercials. However, most people don't realize it or won't admit it. Victoria No doubt true and it may just be a matter of how consciously people are affected and in what way. In other words, much of the influence may be subconsciously - you don't realize it though it...
by Fallible
Mon Feb 23, 2015 10:33 pm
 
Forum: Personal Consumer Issues
Topic: Do you watch commercials?
Replies: 42
Views: 1786

Re: Do you watch commercials?

I try reasonably hard to avoid them. By the way, it's not a new thing. It always amazes me when people wax nostalgic over "Mickey Mouse Club." That show ran for a half an hour and contained not quite but almost 15 minutes of commercial breaks. I regret to say that commercials influence me...
by Fallible
Mon Feb 23, 2015 4:46 pm
 
Forum: Personal Consumer Issues
Topic: Do you watch commercials?
Replies: 42
Views: 1786

Re: Asset Allocation me+spouse w/ different risk tolerance

I had her do the calculator at Vanguard (https://personal.vanguard.com/us/funds/tools/recommendation) and it came up with a recommendation of 60/40 Stocks/Bonds. We talked it over a little and I explained why I was at 80/20 and that we had been at a little over 90/10 for the past 6 years. I also to...
by Fallible
Mon Feb 23, 2015 12:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation me+spouse w/ different risk tolerance
Replies: 19
Views: 1292

Re: Convincing a novice index funds are superior

Good points being made on not trying to "convince" a novice. I know, however, when I advise after being asked, I'll inevitably hope that I'll be convincing. As I posted earlier, I would emphasize low costs and simplicity of indexing, describe briefly what I do to achieve those, and point n...
by Fallible
Mon Feb 23, 2015 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convincing a novice index funds are superior
Replies: 26
Views: 2293

Re: Convincing a novice index funds are superior

... So say I'm a novice, somewhat skittish investor, looking to invest $1,000 / month with a long term horizon but don't know what to do. You have 10-20 minutes of my time. I'm not good with math and I don't have time to read books on investing. What would you recommend? ... I would advise you, the...
by Fallible
Sun Feb 22, 2015 8:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convincing a novice index funds are superior
Replies: 26
Views: 2293

Re: Schwab's Risk Tolerance Advice

There was a small additional box that said, Need help with your allocations? feel free to call Schwab at 800 xxx xxxx or email xxxx@xxxxx. But otherwise, yes, this is all it says. Then it may have been used to attract callers to that number where investors could get help with their AA, including de...
by Fallible
Sun Feb 22, 2015 7:47 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab's Risk Tolerance Advice
Replies: 6
Views: 515

Re: Schwab's Risk Tolerance Advice

So I was reading my group's Schwab 401(k) plan suggested allocations summary and came across their advice on determining your risk tolerance. "How do you know your risk tolerance? If you always drive at or below the speed limit, you are CONSERVATIVE. If you like driving 80 miles per hour, you ...
by Fallible
Sun Feb 22, 2015 6:05 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab's Risk Tolerance Advice
Replies: 6
Views: 515

Re: How much has Bogleheads contributed to your net worth?

6miths wrote:It is hard to say. I think I was a Boglehead before I knew what a Boglehead was but it is certainly wonderful to have the community.


Agree, word for word. :happy
by Fallible
Sun Feb 22, 2015 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much has Bogleheads contributed to your net worth?
Replies: 58
Views: 4029

Re: Asset Allocation me+spouse w/ different risk tolerance

My wife and I both have our Roth IRA's at Vanguard. We've been in 100% VTSAX for the past 6 years and I just read the Bogleheads guide to investing and am serious about doing a proper asset allocation now (that said, not a bad 6 years to do 100% Domestic Stocks like idiots; thankfully it ended up h...
by Fallible
Sat Feb 21, 2015 9:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation me+spouse w/ different risk tolerance
Replies: 19
Views: 1292

Re: On line product reviews vs Consumers Reports

Not sure what you mean by online reviews since CR is online. What they mean is specific recent reviews of the product, down to the model #. The CR online reviews are "online" insofar as they are in the internet, but they are often outdated or only reference certain few models. I do subscr...
by Fallible
Sat Feb 21, 2015 8:50 pm
 
Forum: Personal Consumer Issues
Topic: On line product reviews vs Consumers Reports
Replies: 37
Views: 2532

Re: On line product reviews vs Consumers Reports

I read CR regularly at the library and also our local Consumers' Checkbook magazine and feel that's all I need. If there's an alternative to CR, I'd try it out, but I know of none.
by Fallible
Sat Feb 21, 2015 8:47 pm
 
Forum: Personal Consumer Issues
Topic: On line product reviews vs Consumers Reports
Replies: 37
Views: 2532

Re: On line product reviews vs Consumers Reports

I have been a longtime subscriber to Consumers Reports and have found it's recommendations to be generally good. But the last couple of years I find I use online recommendations more than Consumers. I tend to use recommendations on Amazon for most things but even Sears and other retailers have what...
by Fallible
Sat Feb 21, 2015 5:59 pm
 
Forum: Personal Consumer Issues
Topic: On line product reviews vs Consumers Reports
Replies: 37
Views: 2532

Re: Scott Burns on Factor investing

pkcrafter wrote:
For the moment just two things are clear. First, that simple is better most of the time. Second, that the odds are against complexity.

Someone should tell Taylor Larimore about this. Oh, wait a minute--He's light years ahead of the researchers on this one.

Paul


+1
by Fallible
Sat Feb 21, 2015 5:48 pm
 
Forum: Investing - Theory, News & General
Topic: Scott Burns on Factor investing
Replies: 5
Views: 920

Re: Scott Burns on Factor investing

http://assetbuilder.com/scott_burns/the_new_skepticism Scott Burns - skepticism on factor investing Really almost more about healthy skepticism than just factor investing and not just Burns's skepticism but that of other researchers questioning the data. And Burns ends on the Boglehead note of simp...
by Fallible
Sat Feb 21, 2015 2:02 pm
 
Forum: Investing - Theory, News & General
Topic: Scott Burns on Factor investing
Replies: 5
Views: 920

Re: End of Life for a Friend of Mine....a couple weeks ago..

No person should have to consider suicide - assisted or otherwise - because they so fear pain and helplessness during their final days. You would think it should be so simple no? The patient does not want to suffer. The family does not want their loved one to suffer. The physicians don't want their...
by Fallible
Fri Feb 20, 2015 10:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: End of Life for a Friend of Mine....a couple weeks ago....
Replies: 41
Views: 4362

Re: electric toothbrush

I guess I must be an outlier, but I still brush the old fashion way. I decided to try timing myself and brushing two minutes. It turns out that is a lot longer than I had been brushing. So I am going to do that for awhile and see what the hygienist says at my appointment in a few weeks. Oh yeah, th...
by Fallible
Fri Feb 20, 2015 7:13 pm
 
Forum: Personal Consumer Issues
Topic: electric toothbrush
Replies: 38
Views: 2076

Re: Ignore the experts but can you invest by consensus?

If you read thousands of posts on BH, you will find that we more or less have a consensus on some things; 1) low expenses :D 2) equity index funds 3) asset allocation involving significant amounts of both equities and bonds 4) an appreciation for Vanguard, Jack Bogle, and several of the leading pos...
by Fallible
Fri Feb 20, 2015 2:03 pm
 
Forum: Investing - Theory, News & General
Topic: Ignore the experts but can you invest by consensus?
Replies: 15
Views: 953

Re: electric toothbrush

My dentist was pushing Sonicare. It turns out they make money from pushing the product. It is part of Sonicare's marketing strategy. It is interesting that non-Sonicare electric toothbrushes are rated higher, but are not recommended so much by dentists. My hygienist always asks, "Wow, do you u...
by Fallible
Fri Feb 20, 2015 1:43 pm
 
Forum: Personal Consumer Issues
Topic: electric toothbrush
Replies: 38
Views: 2076

Re: Should older workers omit graduation dates on resume?

Wouldn't omitting the years actually draw more attention, though, just like how I immediately noticed and thought, "he doesn't want to show his age"? I would say yes, but that alone doesn't necessarily mean he was wrong to omit. It depends on how the hiring manager(s) reacts and that's go...
by Fallible
Fri Feb 20, 2015 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should older workers omit graduation dates on resume?
Replies: 34
Views: 3095

Re: Ignore the experts but can you invest by consensus?

You'll see many threads here where we all say not to listen to experts, but we all will freely tell people "the forum consensus is..." That would imply that "group think" does better than individual experts. I want to test whether that is true by trying to come up with "for...
by Fallible
Fri Feb 20, 2015 1:15 pm
 
Forum: Investing - Theory, News & General
Topic: Ignore the experts but can you invest by consensus?
Replies: 15
Views: 953

Re: Two Hedge Fund Managers Walk into a Bar...

Enjoy this satirical column from Morgan Housel: ... Laughed all the way through and thanks for the link. Loved this exchange especially (my takeaway is that from now on when I blow up something I can just say I'm managing risk ): "I started using this line on my wife," Paul jokes. "H...
by Fallible
Fri Feb 20, 2015 10:44 am
 
Forum: Investing - Theory, News & General
Topic: Two Hedge Fund Managers Walk into a Bar...
Replies: 10
Views: 1712

Re: Time to stop driving for 85 yo MIL

At 85 years of age I took the keys from my Mother so she would not harm herself or others. Smart decision :happy And then move the car in case she has access to another set of keys. It is for her own protection. But a reminder, as I and others have mentioned here, that if you take away the keys, do...
by Fallible
Thu Feb 19, 2015 8:56 pm
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 89
Views: 5737

Re: Investing Advice to Mother/Father In Law

Thank you everyone for your thoughtful replies. I had a meeting today with the inlaws and they have decided to go with Vanguard. Even better they have started to read the wiki and are becoming more involved in the process. Thanks again. DA I'm glad this has gone well and hope the "advisor"...
by Fallible
Thu Feb 19, 2015 8:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Advice to Mother/Father In Law
Replies: 16
Views: 1187

Re: Time to stop driving for 85 yo MIL

At 85 years of age I took the keys from my Mother so she would not harm herself or others. Smart decision :happy And then move the car in case she has access to another set of keys. It is for her own protection. But a reminder, as I and others have mentioned here, that if you take away the keys, do...
by Fallible
Thu Feb 19, 2015 8:26 pm
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 89
Views: 5737

Re: First Time Dog Owners -- Any Regrets?

I'm not a dog person, so I'll give you a gentle warning. If you get a dog, make sure you train it to NOT BARK when outside if you live within city limits. Most cities have strict ordinances about this and they are all against the dog owner. A new dog owner near me is going to shortly be finding out...
by Fallible
Tue Feb 17, 2015 2:54 pm
 
Forum: Personal Consumer Issues
Topic: First Time Dog Owners -- Any Regrets?
Replies: 83
Views: 5896

Re: Recommend a movie for a lonely Boglehead on Valentine's

Shald: An Affair to Remember with Gary Grant and Debra Kerr. Best wishes Taylor When Taylor Larimore speaks, we listen. This is what I'll be watching tonight (V day is not over yet on my end of the world). I hope you had some hankies on hand :D But it also is part comedy, owing to director Leo McCa...
by Fallible
Mon Feb 16, 2015 6:33 pm
 
Forum: Personal Consumer Issues
Topic: Recommend a movie for a lonely Boglehead on Valentine's day
Replies: 87
Views: 4426

Re: Should I raise my tenants rent?

Assuming the rental is cash flow positive and you don't need the rental income now, a raise that matches inflation would not be out of order. Given the low inflation rate now, I wouldn't bother. As a former co-owner of rental property, I think these are good reasons for not raising the rent now. An...
by Fallible
Mon Feb 16, 2015 11:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I raise my tenants rent?
Replies: 35
Views: 1764

Re: What 3 MATERIAL things would you take with you?

Writing and sketching materials to record the experience.
by Fallible
Mon Feb 16, 2015 11:19 am
 
Forum: Personal Consumer Issues
Topic: What 3 MATERIAL things would you take with you?
Replies: 34
Views: 1248

Re: HAPPY BIRTHDAY TO THE BOGLEHEADS FORUM

Happy birthday to the forum and thanks to all who made it possible and keep it that way.
by Fallible
Mon Feb 16, 2015 11:09 am
 
Forum: Investing - Theory, News & General
Topic: HAPPY BIRTHDAY TO THE BOGLEHEADS FORUM
Replies: 30
Views: 2321

Re: Read WSJ every day ?

Do most Bogleheads read the Wall Street Journal every day to keep well informed concerning personal finance ? Assuming you are including investing in personal finance (investing is included in some definitions of personal finance, but they are separate categories on the forum), I skim the WSJ and s...
by Fallible
Mon Feb 16, 2015 10:03 am
 
Forum: Personal Consumer Issues
Topic: Read WSJ every day ?
Replies: 86
Views: 4947

Re: possible churning?

thank you all. this strengthens my resolve to help him get out from under. I will always be indebted to the Forum for helping me become an informed, independent index investor. (with a weakness, evidently, for alliteration) In this case, I think the alliteration is quite strong: an informed investo...
by Fallible
Sun Feb 15, 2015 3:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: possible churning?
Replies: 20
Views: 1304

Re: deciding on big ticket item - fitting it into financial

I cannot imagine that there are any objective calculators or even criteria for this. If spending makes one happy, what price are you going to put on that? Let me make it even more impossible: Suppose the big ticket item is adopting a child or having a baby? How about donating 50% of one's salary to...
by Fallible
Sun Feb 15, 2015 3:04 pm
 
Forum: Personal Consumer Issues
Topic: deciding on big ticket item - fitting it into financial plan
Replies: 19
Views: 1298

Re: Mental games

As the son of a father who was recently diagnosed with Terminal Dementia, this topic holds a special interest for me. Recent studies (not those from Lumosity) indicate such things as games and puzzles just don't do the trick. Read this: http://www.consumerreports.org/cro/news/2014/04/the-best-brain...
by Fallible
Sun Feb 15, 2015 2:58 pm
 
Forum: Personal Consumer Issues
Topic: Mental games
Replies: 32
Views: 2485

Re: Recommend a movie for a lonely Boglehead on Valentine's

DSInvestor wrote:Moonstruck

+1.
Among my favorite lines:

"Rose: Do you love him, Loretta?
Loretta Castorini: Aw, ma, I love him awful.
Rose: Oh, God, that's too bad."
by Fallible
Sat Feb 14, 2015 9:07 pm
 
Forum: Personal Consumer Issues
Topic: Recommend a movie for a lonely Boglehead on Valentine's day
Replies: 87
Views: 4426

Re: How to interact with medical establishment

Still not quite sure we are getting the whole story here. OP recently had surgery. Not done by doctor says was called. OP has an appointment scheduled with the surgeon in the future. Not sure of the time frame - next week, next month, etc. Calls another doctor for an appointment. that OP thinks is ...
by Fallible
Sat Feb 14, 2015 2:51 pm
 
Forum: Personal Consumer Issues
Topic: How to interact with medical establishment
Replies: 48
Views: 2703

Re: Food of the Fifties

We'll be eating the Swiss steak for a couple days more, but then I've decided to make one of yours, goulash. Any tips you can offer? What's the trick to making great goulash? The trick to my grandmother's great goulash went to the grave with her as she never wrote down recipes for her own dishes an...
by Fallible
Sat Feb 14, 2015 1:05 am
 
Forum: Personal Consumer Issues
Topic: Food of the Fifties
Replies: 216
Views: 11135

Re: Food of the Fifties

We'll be eating the Swiss steak for a couple days more, but then I've decided to make one of yours, goulash. Any tips you can offer? What's the trick to making great goulash? The trick to my grandmother's great goulash went to the grave with her as she never wrote down recipes for her own dishes an...
by Fallible
Sat Feb 14, 2015 12:44 am
 
Forum: Personal Consumer Issues
Topic: Food of the Fifties
Replies: 216
Views: 11135

Re: How to interact with medical establishment

I describe my afliction Seems it might depend on what affliction you described. So exactly what did you describe? We don't want to get into personal conditions here. This website is based largely on anonymity. The poster sought advice. Seems we should be allowed to provide helpful advice to anonymo...
by Fallible
Fri Feb 13, 2015 8:42 pm
 
Forum: Personal Consumer Issues
Topic: How to interact with medical establishment
Replies: 48
Views: 2703

Re: How to interact with medical establishment

kenner wrote:
Hayden wrote:
I describe my afliction


Seems it might depend on what affliction you described. So exactly what did you describe?


We don't want to get into personal conditions here.
by Fallible
Fri Feb 13, 2015 8:25 pm
 
Forum: Personal Consumer Issues
Topic: How to interact with medical establishment
Replies: 48
Views: 2703

Re: How to interact with medical establishment

What was the nurse's reason for not giving you an appointment? Did you want to speak with the doctor by phone only?
by Fallible
Fri Feb 13, 2015 8:15 pm
 
Forum: Personal Consumer Issues
Topic: How to interact with medical establishment
Replies: 48
Views: 2703

Re: Food of the Fifties

We'll be eating the Swiss steak for a couple days more, but then I've decided to make one of yours, goulash. Any tips you can offer? What's the trick to making great goulash? The trick to my grandmother's great goulash went to the grave with her as she never wrote down recipes for her own dishes an...
by Fallible
Fri Feb 13, 2015 3:18 pm
 
Forum: Personal Consumer Issues
Topic: Food of the Fifties
Replies: 216
Views: 11135
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