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Re: The Three Fund Portfolio

I have read this forum a lot and am so grateful for all the amazing advice from the people on here. I feel priveledged and super lucky to have come across such an amazing place. It has also taken me a while to understand the value of indexing. I have followed this thread closely. I know some (or ple...
by LondonJimmy
Thu Nov 28, 2013 6:56 am
 
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 908
Views: 366642

Re: Bond question

How do you know that you can take on the risk of a 100% stock portfolio? Have you ever lost a serious amount of money before? How would you feel if you lost 10 years worth of savings? No kind of questionnaire is going to tell you what your risk tolerance is. You have to live through it and see for ...
by LondonJimmy
Sat Nov 16, 2013 1:51 pm
 
Forum: Investing - Theory, News & General
Topic: Bond question
Replies: 28
Views: 1364

Re: Bond question

I have thought about this over and over again and can't get my head around it. I have never had a response yet to convince me that I should be holding bonds. My current situation is that I am 29 years old and have a decent amount. Surely 100% stocks would be the best way to go. [OT comment removed b...
by LondonJimmy
Sat Nov 16, 2013 1:48 pm
 
Forum: Investing - Theory, News & General
Topic: Bond question
Replies: 28
Views: 1364

Re: sellers remorse [Individual stocks to index funds]

Hi everybody, As a fairly recent boglehead, I've been slowly removing individual stocks from my portfolio and converting them to index funds. I sold off (admittedly a small position) in Google about a month ago, and yesterday there was a pop in the share price of about 12%. Arrrg! I'm committed to ...
by LondonJimmy
Fri Oct 18, 2013 10:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: sellers remorse [Individual stocks to index funds]
Replies: 22
Views: 2494

Re: Maximizing ROI - Three Fund Portfolio

Maximum ROI (based on past long-term trends, no guarantee that it holds in the future or even if it holds for the infinite future that it holds over your specific timeframe) would be achieved by 100% equities. To maximize ROI put 100% in the highest returning asset. Ben Graham (managed money before...
by LondonJimmy
Fri Oct 18, 2013 10:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Maximizing ROI - Three Fund Portfolio
Replies: 12
Views: 982

Re: Maximizing ROI - Three Fund Portfolio

I could be 100% stocks and simply NEVER care where the market is at, Come on, get real. I think your naivete is showing. That's just not realistic for all but the superhuman. Keep some dry powder on the side so that when the next inevitable bear market happens, you have more to do than merely watch...
by LondonJimmy
Fri Oct 18, 2013 9:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Maximizing ROI - Three Fund Portfolio
Replies: 12
Views: 982

Re: Maximizing ROI - Three Fund Portfolio

I had £250,000 held all in gold and silver. This was a GREAT percentage of my net worth. I slept like a baby at night, even when I was losing bundles. Risk is not an issue with me in the slightest. Holding stocks or indexes feels like extremely low risk compared to what I am used to - even if the ma...
by LondonJimmy
Fri Oct 18, 2013 9:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Maximizing ROI - Three Fund Portfolio
Replies: 12
Views: 982

Maximizing ROI - Three Fund Portfolio

I am wondering what my play is here. If an individual (me) is focused on investing for the long-term, say 20 years, what proportion should they invest in stocks provided they can stomach basically anything? Their goal is to maximize their ROI over the long haul. I was thinking about this and I thoug...
by LondonJimmy
Fri Oct 18, 2013 8:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Maximizing ROI - Three Fund Portfolio
Replies: 12
Views: 982

Re: I soooo want to pile in large here...

One of the real things holding me back is that long-term you can't just buy and sell and expect to make money. The real way to make a lot of money is if you really understand something and invest and hold. You have to be right about the business and the fees won't kill you. Thus it is so much easier...
by LondonJimmy
Mon Aug 19, 2013 5:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: I soooo want to pile in large here...
Replies: 53
Views: 6006

Re: I soooo want to pile in large here...

I think this really sums up the situation on investing. Nice to hear Buffett finally asked this question, however, indexing is an excellent and the best choice for the majority.

http://www.youtube.com/watch?v=NsueA-_ilxA
by LondonJimmy
Mon Aug 19, 2013 5:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: I soooo want to pile in large here...
Replies: 53
Views: 6006

Re: I soooo want to pile in large here...

Do you worry about the future of BRK? It must be getting harder and harder.

By the way, I am a big fan of indexing and the Three Fund Portfolio. I do know though that now and again you can get a good idea.
by LondonJimmy
Mon Aug 19, 2013 10:36 am
 
Forum: Investing - Help with Personal Investments
Topic: I soooo want to pile in large here...
Replies: 53
Views: 6006

Re: I soooo want to pile in large here...

Thanks for the replies everyone. I realise some of the comments made here show that particular person believes that markets are 100% efficient at all times. I respectfully disagree. Regarding gold stocks, they are so cheap and with negative sentiment already priced in. When gold went down the stocks...
by LondonJimmy
Mon Aug 19, 2013 9:27 am
 
Forum: Investing - Help with Personal Investments
Topic: I soooo want to pile in large here...
Replies: 53
Views: 6006

I soooo want to pile in large here...

Not Boglehead style I know...but I have only ever picked 4 stocks in my whole life (or over the last ten years). Every stock proceeded to increase over 100% in a short-time. I mainly did this by buying when people were panicking and acting irrational. I have not really looked into this yet, but the ...
by LondonJimmy
Sun Aug 18, 2013 12:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: I soooo want to pile in large here...
Replies: 53
Views: 6006

Re: Talking With My Sister About Investing and Risk

nodenuff2 wrote:Another thought to give her. It is only truly GREAT when it is converted into real dollars and diversified. Rest is just numbers on a page.



Really? Then what do you do with the dollars? Dollars are a terrible investment and loses value.
by LondonJimmy
Fri Jul 12, 2013 6:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Talking With My Sister About Investing and Risk
Replies: 22
Views: 1711

Re: Talking With My Sister About Investing and Risk

How about pointing her to this forum and simply explaining to her the risks inherent in a single firm. Explain how so many 'professionals' underperform the market and why. Explain how the chances are that her firm will not earn above avergare returns and she will not be compensated properly for the ...
by LondonJimmy
Thu Jul 11, 2013 8:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Talking With My Sister About Investing and Risk
Replies: 22
Views: 1711

Re: Merriman - Buffett is more myth than legend

I didn't like the article. It is pretty simplistic and not accurate. It says that Buffett's speciality is value investing. It isn't. Value investing is what Warren refers to the 'cigar butt apropach'. Where you search around for cigar butts and there is one puff left in it, you have it then move on ...
by LondonJimmy
Wed Jul 03, 2013 9:48 am
 
Forum: Investing - Theory, News & General
Topic: Merriman - Buffett is more myth than legend
Replies: 21
Views: 2882

Re: My Take on Gold

Great article from 1976 when gold lost 50% from its highs. The usual sentiment in the media about gold, and then gold went to hit new highs... " Two years ago gold bugs ran wild as the price of gold rose nearly six times. But since cresting two years ago it has steadily declined, almost by half...
by LondonJimmy
Wed Jul 03, 2013 6:36 am
 
Forum: Investing - Theory, News & General
Topic: My Take on Gold
Replies: 213
Views: 17946

Re: My Take on Gold

Rick, shouldn't gold be compared to paper currency? I don't think gold should be compared to stocks. Gold was traditionally money and as such, it should be compared to your currency. Since the Fed was established hasn't paper money lost around 99% of its value, whereas gold maintains value over a lo...
by LondonJimmy
Fri Jun 28, 2013 5:41 am
 
Forum: Investing - Theory, News & General
Topic: My Take on Gold
Replies: 213
Views: 17946

Re: Buying physical gold

Ill believe that 2% claim when I see the receipt - does that include both the amount you pay over spot buying the coin (typically 3%, already larger than the number you quoted) and the ebay and paypal fees on selling? I must be crazy, but seem to remember Ebay charging a 10% flat rate on auction li...
by LondonJimmy
Wed Jun 26, 2013 4:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buying physical gold
Replies: 46
Views: 4340

Re: Do you sell gold here in my situation?

Yup, 3 kilos which = roughly 96 troy ounces.

I made £48,500 profit on the silver and £20,000 on the gold. So I am up £68,500.

The 3 kilos I have left cost me £69,900 or £23,300 per bar. So basically I am freerolling or have these bars for nothing right now....if I look at it that way.
by LondonJimmy
Wed Jun 26, 2013 8:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you sell gold here in my situation?
Replies: 14
Views: 754

Re: Buying physical gold

I know lots of bogleheads owe precious metal and gold. Is this true? I read that commodities are more speculation than investment. Of course it is speculation. Investment is putting out money now in order to get more money back later on at an appropriate rate. However, owning a small amount of say ...
by LondonJimmy
Wed Jun 26, 2013 7:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Buying physical gold
Replies: 46
Views: 4340

Re: Do you sell gold here in my situation?

I trust that you realize that you purchased a purely speculative asset. There are various ways to attempt to place a value on gold, but there is no assurance that it will ever trade close to this estimated value. Why did you buy gold to begin with? Why aren't those reasons still valid? To be honest...
by LondonJimmy
Wed Jun 26, 2013 7:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you sell gold here in my situation?
Replies: 14
Views: 754

Re: Do you sell gold here in my situation?

You are reacting to the falling price of gold. I would hold it at 10-15% of allocation. Given what is happening in the world it is a prudent hedge. Generally doing the opposite what you are feeling is profitable in investing. This forum, however, hates gold and bashes it constantly. Personally I wo...
by LondonJimmy
Wed Jun 26, 2013 7:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you sell gold here in my situation?
Replies: 14
Views: 754

Do you sell gold here in my situation?

Hi A few years ago I invested £25,000 in silver at £10.90 per troy ounce. I then invested another £40,000 and £14.5 per troy ounce. I sold the lot when the price was £25.5. I also bought 5 kilos of gold at the same time as when I first bought the silver. I have sold two kilos of gold making roughly ...
by LondonJimmy
Wed Jun 26, 2013 6:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you sell gold here in my situation?
Replies: 14
Views: 754

Re: Buying physical gold

I know the best people here in the UK. I bought kilo bars because I wanted the most amount of gold for my money with the lowest premiums.

Are you in the US?
by LondonJimmy
Wed Jun 26, 2013 6:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Buying physical gold
Replies: 46
Views: 4340

Re: Career as a trader

I have traded for over 20 years. I began working on the floor of the CBOT in the mid 1980's. I have traded electronically from an office since 2001. I am from Chicago and I trade my own capital. The trading business has changed dramatically over the past 5 years and I guess it is always changing. I...
by LondonJimmy
Fri Jun 21, 2013 5:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Career as a trader
Replies: 32
Views: 3615

Re: Career as a trader

How long have you been trying to make it as a poker player? The landscape has changed and I am not sure it is a realistic option. Only the few sponsored pros get a stready paycheck, the rest just grind out a boring, stressful existence. I used to do it prety successfully but I keep playing too big ...
by LondonJimmy
Fri Jun 21, 2013 5:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Career as a trader
Replies: 32
Views: 3615

Re: 401k and investing in stocks is for idiots -Robert Kiyos

wastenot wrote:"'Rich Dad, Poor Dad' Author Files for Bankruptcy..."


http://abcnews.go.com/Business/rich-dad ... cMkeIzD-1s



Sound slike he is hiding his assets while getting out of the debts...
by LondonJimmy
Fri Jun 21, 2013 5:36 am
 
Forum: Investing - Theory, News & General
Topic: 401k and investing in stocks is for idiots -Robert Kiyosaki
Replies: 21
Views: 3229

Re: 401k and investing in stocks is for idiots -Robert Kiyos

Mill wrote:I had to click...


Access Denied (policy_denied)


nice. :happy


??
by LondonJimmy
Wed Jun 19, 2013 5:04 pm
 
Forum: Investing - Theory, News & General
Topic: 401k and investing in stocks is for idiots -Robert Kiyosaki
Replies: 21
Views: 3229

Re: Career as a trader

Yeah I did consider this. I was going to register on ACCA to become a chartered accountant, but to be honest, it is not me. I know it is a safe bet but I really would rather do something I enjoy in life.

You only live once right.
by LondonJimmy
Wed Jun 19, 2013 7:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Career as a trader
Replies: 32
Views: 3615

Re: Career as a trader

go back to school my friend, get a degree and then a job, rather than dreaming of making it rich as a trader. I personally am not sure how important having a degree is. It seems people graduate nowadays with not many job prospects and a lot of debt. That being said, I already have a degree in Accou...
by LondonJimmy
Wed Jun 19, 2013 6:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Career as a trader
Replies: 32
Views: 3615

Re: Career as a trader

Some what related to your background which might interest you. http://sports.espn.go.com/espn/poker/columns/story?columnist=bluff_magazine&id=4381359 Thanks a lot for that! I've played with Phil before when he came to London in the Victoria Casino. That article really relates to me because I al...
by LondonJimmy
Wed Jun 19, 2013 5:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Career as a trader
Replies: 32
Views: 3615

Re: Career as a trader

Many people have the right attributes for it. That is what can be called "necessary but far from sufficient." How old are you? What's your background? What do you bring to the table? Who do you know? I am 28 years old. My background is a long varied one. I used to box for England, hated s...
by LondonJimmy
Mon Jun 10, 2013 10:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Career as a trader
Replies: 32
Views: 3615

Re: Career as a trader

I do not know a single trader who began any later than as a 25 year-old. Many of them fizzle out before 30. Many never get past the first year. Did they basically work like a dog and not make any money? I remember speaking with my Dad, he worked for a very rich guy in the 1970's. I think this guy w...
by LondonJimmy
Mon Jun 10, 2013 10:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Career as a trader
Replies: 32
Views: 3615

Career as a trader

Hi all I was wondering if anyone knows how hard it is to berak into a career in trading? It seems very tough to get in and I was wondering the best way to go about it. Should I just contact every prop firm I can? Also, isn't it extremely tough to make money trading? Or do traders have massive advant...
by LondonJimmy
Mon Jun 10, 2013 9:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Career as a trader
Replies: 32
Views: 3615

Re: Mother found dream house - spending too much?

I would say it depends on what NHS covers, which is not something I know anything about. Will it cover assisted living and long-term care? The concern about having too little cash is that one will have unexpected expenses that exceed the cash reserves. In the US, extremely often this is health-rela...
by LondonJimmy
Mon May 13, 2013 11:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Mother found dream house - spending too much?
Replies: 15
Views: 1479

Re: Mother found dream house - spending too much?

I believe her pension is partly inflation adjusted - according to the CPI I presume. She is in good health and is fit. Obviosuly you do not know what is around the corner but she is healthy and I would guess that she will live for a long time. She turns 63 years old in July. We have the NHS here for...
by LondonJimmy
Mon May 13, 2013 10:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Mother found dream house - spending too much?
Replies: 15
Views: 1479

Re: Mother found dream house - spending too much?

What if she no longer can live independently, will her pension be able to cover several years of assisted living? I agree that buying a more expensive house is crazy considering she has no other assets. No it wouldn't. That makes me wonder what percentage of wealth people usually have in their hous...
by LondonJimmy
Mon May 13, 2013 10:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Mother found dream house - spending too much?
Replies: 15
Views: 1479

Re: Mother found dream house - spending too much?

To answer this question, it would be good to know her living expenses and total investable assets apart from her real property. Unless she has a whole lot of money somewhere, buying this new house seems like a totally crazy idea. If she has sufficient investable assets, then buying the house might ...
by LondonJimmy
Mon May 13, 2013 9:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Mother found dream house - spending too much?
Replies: 15
Views: 1479

Mother found dream house - spending too much?

Hi My mum has around 565k in cash and owns her own property which is worth around 300k. She always did want to move (my area has gone downhill) and we found a really nice place in a nice area. The house costs 600k. So she has around 865k in equity. A) Do you think she should keep her house and me an...
by LondonJimmy
Mon May 13, 2013 9:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Mother found dream house - spending too much?
Replies: 15
Views: 1479

Re: Austerity in UK - Do I try timing the market?

Thanks a lot LadyGeek.

I will have a proper study.
by LondonJimmy
Fri May 10, 2013 10:45 am
 
Forum: Investing - Theory, News & General
Topic: Austerity in UK - Do I try timing the market?
Replies: 22
Views: 1335

Re: Austerity in UK - Do I try timing the market?

VWRL provides access to all stocks in developed countries, but no access to stocks in emerging countries. Is this true? From Vanguard: " This Fund seeks to provide long-term growth of capital by tracking the performance of the Index, a market-capitalisation weighted index of common stocks of l...
by LondonJimmy
Fri May 10, 2013 10:08 am
 
Forum: Investing - Theory, News & General
Topic: Austerity in UK - Do I try timing the market?
Replies: 22
Views: 1335

Re: Austerity in UK - Do I try timing the market?

With 90% in equities, you could easily lose 45% of your money in a short space of time. Happy to enjoy that level of risk? I have a very very strong stomach for risk. This is one of the things that attracted me to this forum - if I follow the advice I will control myself. I recently had 50% of my n...
by LondonJimmy
Thu May 09, 2013 11:35 am
 
Forum: Investing - Theory, News & General
Topic: Austerity in UK - Do I try timing the market?
Replies: 22
Views: 1335

Re: Austerity in UK - Do I try timing the market?

Thanks for all of the replies. I am thinking something along the lines of 10-20 % in U.K. Government Bond ETF - VGOV, 20-30% FTSE Emerging Markets ETF - VFEM and 60% in FTSE All-World ETF - VWRL. I am not really sure why people hold an Index mutual fund instead of an Exchange-traded fund. I thought ...
by LondonJimmy
Thu May 09, 2013 9:14 am
 
Forum: Investing - Theory, News & General
Topic: Austerity in UK - Do I try timing the market?
Replies: 22
Views: 1335

Re: The Three Fund Portfolio

What do people here think of the portfolio I want to have? I am 29 years old and want to invest a lump sum in 30% bonds, 70% stocks. I am from the UK and this will be from a long-term perspective. I was thinking simply 30% in U.K. Government Bond ETF - VGOV, and 70% in FTSE All-World ETF - VWRL. Cou...
by LondonJimmy
Thu May 09, 2013 5:32 am
 
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 908
Views: 366642

Re: Austerity in UK - Do I try timing the market?

Sorry to ask a silly question, but wouldn't it be a two fun portfolio if I invest in VWRL and say, VBMFX? Would anyone recommend investing another fund for stocks? VWRL looks to have it pretty covered. I just saw in another thread something about total stock market, total international, and total bo...
by LondonJimmy
Wed May 08, 2013 11:24 am
 
Forum: Investing - Theory, News & General
Topic: Austerity in UK - Do I try timing the market?
Replies: 22
Views: 1335

Re: Austerity in UK - Do I try timing the market?

Thanks for all the excellent replies everyone. I will look into exactly what is said and also post what I do. I really like the advice that you have given to me. Just to discuss the austerity (which I would usually be for) I believe all the cases where it works is with either a) we have had much hig...
by LondonJimmy
Wed May 08, 2013 9:08 am
 
Forum: Investing - Theory, News & General
Topic: Austerity in UK - Do I try timing the market?
Replies: 22
Views: 1335

Austerity in UK - Do I try timing the market?

So there is a great debate whether we need stimulus of austerity in our current climate. I am generally of the view that we need stimulus now and worry about making cuts when employment picks up. We have seen European countries facing massive trouble with austerity and the economy getting worse. I l...
by LondonJimmy
Wed May 08, 2013 5:47 am
 
Forum: Investing - Theory, News & General
Topic: Austerity in UK - Do I try timing the market?
Replies: 22
Views: 1335

Re: Friend is inheriting money and needs investing advice

I spoke to my friend. The parents will work out anything that they possibly might need. For example, I think they might move houses. If they do, they could keep their existing house and rent it out, and then basically buy another one paying the vast majority in cash and then owning a small amount. T...
by LondonJimmy
Thu Apr 25, 2013 4:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Friend is inheriting money and needs investing advice
Replies: 4
Views: 848
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