Search found 3557 matches

by Levett
Sat Aug 29, 2015 9:57 am
Forum: Investing - Theory, News & General
Topic: part two on the crisis, part 3 on Monday
Replies: 20
Views: 2277

Re: part two on the crisis, part 3 on Monday

I'm sorry. What is the latest "crisis?"

Have I missed a war?

Has the global financial system collapsed?

Maybe Jim Cramer is off the air? :wink:

Lev
by Levett
Sat Aug 29, 2015 5:55 am
Forum: Investing - Help with Personal Investments
Topic: Mom and Pop and the Pros
Replies: 2
Views: 565

Mom and Pop and the Pros

http://www.bloombergview.com/articles/2015-08-28/mom-and-pop-outsmart-wall-street-pros Apparently, it's many pros who are having a RBW-- Really Bad Week! . ;-) To borrow one of Taylor's favorite words, I consider the follow quote from the above link an absolute gem: " They [Mom and Pop] have fi...
by Levett
Thu Aug 27, 2015 9:06 am
Forum: Investing - Theory, News & General
Topic: BNY Mellon's "glitch," sounds very serious to me
Replies: 38
Views: 4555

Re: BNY Mellon's "glitch," sounds very serious to me

So far, this is my favorite usage (used by T D Ameritrade). "Glitch" and "snag" just won't do.

Behold: "industry-wide latency issues." No kidding. :oops:

Lev
by Levett
Mon Aug 24, 2015 6:16 am
Forum: Investing - Theory, News & General
Topic: Fidelity is offering Qualified Longevity Annuity Contracts (QLAC)s
Replies: 19
Views: 3387

Re: Fidelity is offering Qualified Longevity Annuity Contracts (QLAC)s

jalbert wrote: "I think Tiaa-Cref lost the top rating." Nope. Our Company Moody’s; S&P; Fitch; A.M. Best TIAA is one of only three insurance groups in the United States to hold the highest ratings currently awarded from all four leading independent insurance industry ratings agencies.1...
by Levett
Sun Aug 23, 2015 11:41 am
Forum: Investing - Theory, News & General
Topic: Where are you in the cycle of market emotions?
Replies: 63
Views: 5521

Re: Where are you in the cycle of market emotions?

gkaplan asks: "Is "meh" an emotion?"

I don't think so.

But it sure is an appropriate response! ;-)

Lev
by Levett
Sat Aug 22, 2015 4:52 pm
Forum: Investing - Theory, News & General
Topic: Where are you in the cycle of market emotions?
Replies: 63
Views: 5521

Re: Where are you in the cycle of market emotions?

" It's interesting how this was triggered to a great extent by what could (?) be a recession in China." Was it the "trigger?" How can we know? As Robert Rubin used to say: " Markets go up. Markets go down ." Finding single causes for human behavior doesn't do much for m...
by Levett
Fri Aug 21, 2015 12:55 pm
Forum: Investing - Theory, News & General
Topic: "Stocks for the Long Run? Really?
Replies: 29
Views: 4689

Re: "Stocks for the Long Run? Really?

The "long run" depends on which data-mining exercise you are engaged in at the time. ;-)

Now is a good time to "backtest your proprietary indicators." :happy

Lev
by Levett
Thu Aug 20, 2015 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Cancer (and expensive medical expenses) during early retirement
Replies: 29
Views: 3170

Re: Cancer (and expensive medical expenses) during early retirement

Madbrain has asserted as fact something the evidence (according to the American Cancer Society) doesn't support. Madbrain wrote: "What this means is that cancer is usually [ my emph asis] of a relatively short, catastrophic illness, as opposed to a long chronic illness." Here is a link to ...
by Levett
Wed Aug 19, 2015 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Cancer (and expensive medical expenses) during early retirement
Replies: 29
Views: 3170

Re: Cancer (and expensive medical expenses) during early retirement

" Without our employers health insurance I'm thinking we would budget about $1k per month on premiums (young family of 4), anticipate paying about $3k out of pocket each year, but also have a substaintial [sic] amount for a rainy/sunny day fund each year." Respectfully, you had better have...
by Levett
Wed Aug 19, 2015 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Cancer (and expensive medical expenses) during early retirement
Replies: 29
Views: 3170

Re: Cancer (and expensive medical expenses) during early retirement

Forget what illness it may be. Here's the key (as you expressed it): "I'm not as concerned about it financially if we both carry good health insurance with a manageable out of pocket maximum." As long as you can afford excellent insurance (assuming this is your only concern about early ret...
by Levett
Mon Aug 17, 2015 6:10 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Balanced or LifeStrategy Moderate?
Replies: 17
Views: 2068

Re: Vanguard Balanced or LifeStrategy Moderate?

Split the money 50/50 (Life Strategy Mod + Balanced Index) and reassess five years from now.

Since the money is in a taxable account, don't forget to weigh tax efficiency. It could make a difference.

Lev
by Levett
Fri Aug 14, 2015 1:52 pm
Forum: Investing - Theory, News & General
Topic: Some HiLites of the Retirement Research Consortium Annual Meeting
Replies: 44
Views: 5242

Re: Some HiLites of the Retirement Research Consortium Annual Meeting

Thanks, Bob.

I, too, would be interested in the rationale for the following:

"All home owners as they approach retirement should consider a reverse mortgage line of credit."

I gather "consider" may be the operative term. I am well into retirement, but willing to listen.

Lev
by Levett
Fri Aug 14, 2015 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Fees
Replies: 37
Views: 3350

Re: TIAA Traditional Fees

" Yes, it is extremely unrealistic and pure fantasy to assume that there will be no additional amounts over the lifetime of an annuitant, but if that's what happened, then according to that document, the monthly payout would be $411/mo per $100,000 annuitized. It sure is fantasy for those of us...
by Levett
Thu Aug 13, 2015 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Fees
Replies: 37
Views: 3350

Re: TIAA Traditional Fees

Azalea, If you want to know a payout ask TIAA for an illustration (this assumes you are a participant in a TIAA-CREF retirement program). I have been an annuitant for 15 years. I can assure you my payout is a multiple of 2.5% (due to vintages) and, in fact, has increased on several occasions (that's...
by Levett
Fri Aug 07, 2015 12:09 pm
Forum: Local Chapters and Bogleheads Community
Topic: Congrats to Laura Dogu
Replies: 61
Views: 5825

Re: Congrats to Laura Dogu

Absolutely wow!

Congratulations.

Lev
by Levett
Thu Aug 06, 2015 9:30 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Cref 403(b)
Replies: 26
Views: 1406

Re: TIAA Cref 403(b)

Hi md, Rather than be influenced by what one person has chosen to do, why don't you read the following link and see if you find it compelling? https://www.tiaa-cref.org/public/pdf/compliance/tiaa-traditional-white-paper.pdf I would also suggest that there are some very experienced TIAA-CREF folks wh...
by Levett
Thu Aug 06, 2015 5:49 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1049
Views: 177175

Re: What Movie Have You Recently Watched?

Hi madbrain, I mean this without offense. Yes, it is slow because it is "literary" (literally) . Holmes gets to write Holmes. It's no longer Conan Doyle writing Watson who in turn writes Holmes. This is why the focus of the movie is on the manuscript being written. We are witness to a comp...
by Levett
Tue Aug 04, 2015 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: "A different kind of retirement calculator"
Replies: 32
Views: 4604

Re: "A different kind of retirement calculator"

"So what happened " Respectfully, Taylor: We know what happened in 1982-- a massive long lasting bull market (in stocks and bonds) that made a 4% SWR a breeze. From a sequence of returns standpoint, it just could not have been better. I retired in 2000, but that massive bull market in sto...
by Levett
Tue Aug 04, 2015 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting For 2016 Medicare Part B Increase
Replies: 63
Views: 4442

Re: Budgeting For 2016 Medicare Part B Increase

My sense is that the article is likely right, not wrong. I deliberately waited to respond to read further coverage of the trustee report. Since I believe Kaiser is a responsible (non-partisan) group, I find myself increasingly persuaded by the following link. http://khn.org/news/good-news-bad-news-i...
by Levett
Mon Aug 03, 2015 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Enough is enough
Replies: 51
Views: 15326

Re: Enough is enough

Thanks for your comments, Dave.

Enjoy that cabin!

Lev
by Levett
Sun Aug 02, 2015 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Enough is enough
Replies: 51
Views: 15326

Re: Enough is enough

" Define your own expectations and live your own life. There will always be the proverbial Jones and Bogleheads who have "more". " Two succinct and wise sentences--with " more " appropriately in quotation marks! A whole lot of human beings drive themselves crazy trying ...
by Levett
Wed Jul 29, 2015 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: when the rubber hits the road [updated]
Replies: 33
Views: 2811

Re: When the rubber his the road - an update

You are an extraordinarily courageous person for laying things out so clearly and bluntly. Please don't overlook the fact that you write clearly and compellingly. A lot is still working. We can all learn a valuable lesson with your help: we are not nearly as invulnerable as we (pretend) to think. I ...
by Levett
Wed Jul 29, 2015 2:57 pm
Forum: Investing - Theory, News & General
Topic: Malkiel on Chinese Stock Markets
Replies: 18
Views: 2331

Re: Malkiel on Chinese Stock Markets

It is rather amazing to watch how former seemingly impartial financial authors/advisers have found ways to monetize themselves.

Such is the nature of our world.

Lev
by Levett
Wed Jul 29, 2015 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: Social Security and Expenses
Replies: 61
Views: 3783

Re: Retirees: Social Security and Expenses

I'm saving mine so I can buy Petrocelli's watch on an installment plan.

8-)

Lev
by Levett
Tue Jul 28, 2015 5:54 pm
Forum: Investing - Theory, News & General
Topic: Malkiel on Chinese Stock Markets
Replies: 18
Views: 2331

Re: Malkiel on Chinese Stock Markets

"But why should institutions buy when the government can control if and when they can sell?"

This was news to Burton Malkiel?!

Oh, my.

Lev
by Levett
Sun Jul 26, 2015 3:39 pm
Forum: Investing - Theory, News & General
Topic: Scott Burns – Don’t quit your day job.
Replies: 103
Views: 10880

Re: Scott Burns – Don’t quit your day job.

Bob wrote: "Two other things to be seriously considered are purchasing at retirement a real longevity annuity, aka a delayed real life annuity, that starts paying out in your early to mid 80s. Then continuing to buy more in chunks over time, if your health remains good. And, with real interest ...
by Levett
Sun Jul 26, 2015 1:23 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1049
Views: 177175

Re: What Movie Have You Recently Watched?

Mr. Holmes for the first time and The Drop for the second time. Ian McKellen's performance in Holmes has been justly celebrated, but there's far more to the film than just his performance. The Drop features fine performances throughout. It's a gritty urban drama with a pit bull that matches the cen...
by Levett
Fri Jul 24, 2015 12:07 pm
Forum: Investing - Theory, News & General
Topic: Apple individual stock, what am I missing here?
Replies: 55
Views: 4310

Re: Apple individual stock, what am I missing here?

Apropos of Apple, you might enjoy reading "The Beauty Contest" (chapter 21 of Richard Thaler's book, Misbehaving).

Lev
by Levett
Fri Jul 24, 2015 5:15 am
Forum: Investing - Help with Personal Investments
Topic: [Pension buyout ] Lump sum help
Replies: 18
Views: 2262

Re: [Pension buyout ] Lump sum help

Michael Kitces has recently written on precisely this matter. https://www.kitces.com/blog/how-to-evaluate-the-pension-versus-lump-sum-decision-and-strategies-for-maximization/ Please do not overlook the comments section at the end of the Kitces essay. They are exemplary in their thoughtfulness. Lev
by Levett
Mon Jul 13, 2015 6:46 pm
Forum: Investing - Theory, News & General
Topic: Tilting allocation - Energy
Replies: 20
Views: 1441

Re: Tilting allocation - Energy

"towards extreme times I feel it may be justified to tilt."

It's your money.

As long as you own your decision....

Lev
by Levett
Mon Jul 13, 2015 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Grown Children as beneficiaries
Replies: 33
Views: 3294

Re: Grown Children as beneficiaries

Hi Jerry, You asked: " Comments, Ideas, Suggestions ???" I, too, have grown children who will be beneficiaries. They are good and, at the same time, different people. I also have an estate plan and have had a number of discussions with my longtime lawyer about the grown children. What I fi...
by Levett
Fri Jul 10, 2015 6:16 pm
Forum: Investing - Theory, News & General
Topic: "Helping Your Parents Financially"
Replies: 62
Views: 7884

Re: "Helping Your Parents Financially"

" but it was not criminal as the article would imply. " That's the problem with the article. The tone is coarse and basically blows off the complications of parenting. I do not deny for one moment Ron's experience (I had a version with one parent). But it reads like a blame game essay, and...
by Levett
Fri Jul 10, 2015 2:39 pm
Forum: Investing - Theory, News & General
Topic: "Helping Your Parents Financially"
Replies: 62
Views: 7884

Re: "Helping Your Parents Financially"

I must live in a different universe (thankfully). I would never speak of my parents using this kind of grotesque and disgusting language: "The first point I want to make is that you probably don’t have to do squat. It is unfair for a parent to bring a child into the world primarily to pay their...
by Levett
Fri Jul 10, 2015 6:20 am
Forum: Investing - Theory, News & General
Topic: China stocks crash: right out of Kindleberger's playbook
Replies: 63
Views: 6605

Re: China stocks crash: right out of Kindleberger's playbook

I'm late to the party, but I just noticed this observation and agree entirely. It's just uncanny--e.g.,

"For such a smart company, their timing is almost bankable in the opposite direction."

There's always the long run. :wink:

Lev
by Levett
Fri Jul 10, 2015 6:06 am
Forum: Investing - Theory, News & General
Topic: John Bogle vs. the Bogleheads
Replies: 49
Views: 4129

Re: John Bogle vs. the Bogleheads

" This isn't a forum of little robots." But maybe this will become a site for robo-advisors! ;-) In any case, Jack Bogle is a wonderful teacher (May the Force Continue to Be With Him). But like any excellent teacher, he has prepared an intellectual foundation on which we must make our own ...
by Levett
Wed Jul 08, 2015 4:51 pm
Forum: Personal Consumer Issues
Topic: Provence Travel
Replies: 19
Views: 1457

Re: Provence Travel

My wife and I have done that trip with Road Scholar (Adventures Afloat), Gerry. We did it in reverse: Paris to Provence (with a focus on the Impressionists). In any case, it was outstanding in every respect--guides, food, wine, activities, people. We lucked out and were in Aix on Bastille Day. Enjoy...
by Levett
Wed Jul 08, 2015 10:34 am
Forum: Investing - Theory, News & General
Topic: China stocks crash: right out of Kindleberger's playbook
Replies: 63
Views: 6605

Re: China stocks crash: right out of Kindleberger's playbook

Talk about a command and control economy.

Malkiel's miracle. ;-)

Lev
by Levett
Tue Jul 07, 2015 6:35 pm
Forum: Personal Consumer Issues
Topic: Provence Travel
Replies: 19
Views: 1457

Re: Provence Travel

If you have time, head for Gordes. You won't regret it.

Lev
by Levett
Tue Jul 07, 2015 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Why US market is falling due to Greece crisis?
Replies: 14
Views: 1431

Re: Why US market is falling due to Greece crisis?

Stop the blame game, please.

The naivete displayed is astounding.

Lev
by Levett
Sun Jul 05, 2015 6:11 am
Forum: Investing - Help with Personal Investments
Topic: I feel restless........not sure what to do, and which route to take!
Replies: 11
Views: 2482

Re: I feel restless........not sure what to do, and which route to take!

See if you can hire LadyGeek as your life counselor. Seriously.

Lev
by Levett
Sat Jul 04, 2015 11:44 am
Forum: Investing - Theory, News & General
Topic: Aren't we obsessing way too much about our portfolios?
Replies: 84
Views: 6897

Re: Aren't we obsessing way too much about our portfolios?

"Of course that won't stop us from doing it."

And that's where the fun of behavioral economics comes in! :wink:

Lev
by Levett
Thu Jul 02, 2015 11:40 am
Forum: Investing - Theory, News & General
Topic: Morningstar/Kitces -- Social Security as Part of Asset Allocation
Replies: 34
Views: 4003

Re: Morningstar/Kitces -- Social Security as Part of Asset Allocation

Rick wrote: " Social Security should be treated as you would a salary." I happen to agree and put that belief into practice. However, I don't agree with one half of the following sentence: " This income cannot be converted into a lump sum and it goes away when you pass away." Yes...
by Levett
Thu Jul 02, 2015 5:58 am
Forum: Investing - Help with Personal Investments
Topic: Pick One of Three! Vanguard Balanced Funds
Replies: 23
Views: 3709

Re: Pick One of Three! Vanguard Balanced Funds

"My decision will be based on your input, so thank you for taking the time." Whoa! You need to own your own decision. You say you want to set it and forget it. You say you're not fond of international investing. Just one of the three funds you've identified avoids international investing,...
by Levett
Tue Jun 30, 2015 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Wellington Fund
Replies: 26
Views: 3340

Re: Vanguard Wellington Fund

What the Vanguard Wellington summary prospectus says: Supplement to the Prospectus and Summary Prospectus Important Note Regarding Vanguard Wellington Fund Vanguard Wellington Fund will be closed to all prospective financial advisory, institutional, and intermediary clients (other than clients who i...
by Levett
Mon Jun 29, 2015 6:42 pm
Forum: Investing - Theory, News & General
Topic: Being Mr. Bogle's Company has 3 Trillion Dollars
Replies: 15
Views: 2236

Re: Being Mr. Bogle's Company has 3 Trillion Dollars

There's nothing "wrong" with Ned Johnson having done things his way and John Bogle having done things his way.

I know many a happy Fidelity investor. I once was one, but settled on TIAA and Vanguard (happy with them, too).

It's a big world.

No one has cornered the market on virtue.

Lev
by Levett
Mon Jun 29, 2015 6:29 pm
Forum: Personal Consumer Issues
Topic: The Amalfi Coast: Next April
Replies: 21
Views: 2383

Re: The Amalfi Coast: Next April

Man. How can you go wrong?! We stayed in Sorrento at the Grand Hotel Excelsior Vittoria and then fanned out from there for two weeks. The people are so hospitable, the food so fresh and scrumptious, and the red wines (in particular) are to die for. Be sure to go to Capri. If you are driving, drive c...
by Levett
Sat Jun 27, 2015 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: ? Portfolio for older couple
Replies: 22
Views: 4440

Re: ? Portfolio for older couple

Hi Tom, I think you, yourself, have made the most compelling case for why VSCGX may be ideal under the circumstances: " What comes to mind is the possible use of the Vanguard Life Strategy Conservative Growth Fund (VSCGX) as an all-in-one fund that meets the asset allocation ratio of 40/60, tha...

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