Search found 361 matches

Go to advanced search

by M_to_the_G
Mon May 25, 2015 1:58 am
Forum: Investing - Help with Personal Investments
Topic: Do I really need International equities in my portfolio ?
Replies: 45
Views: 3283

Re: Do I really need International equities in my portfolio ?

I follow the advice of Jack Bogle, not that of the current Brahmins at Vanguard. You are already exposed to the international economy by holding U.S. stocks and yes, probably don't need it, per se. That said, there are reasons to invest internationally, as mentioned by above posters, and Bogle hims...
by M_to_the_G
Sun May 24, 2015 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 158
Views: 18666

Re: much ado about coasting (through life)

Or use a road, or a library, or go to an emergency room. This post is hippie talk plain and simple. At the very least you need to find something you like and do it part time. Sitting on the couch for a lifetime isn't really doing anything for society. It's not hippie talk, it's early retirement. An...
by M_to_the_G
Sun May 24, 2015 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: Do I really need International equities in my portfolio ?
Replies: 45
Views: 3283

Re: Do I really need International equities in my portfolio ?

I follow the advice of Jack Bogle, not that of the current Brahmins at Vanguard. You are already exposed to the international economy by holding U.S. stocks and yes, probably don't need it, per se. That said, there are reasons to invest internationally, as mentioned by above posters, and Bogle himse...
by M_to_the_G
Sun May 24, 2015 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Taking out a TSP loan to fund Roth IRA
Replies: 14
Views: 846

Re: Taking out a TSP loan to fund Roth IRA

It's probably not a good idea to come up with a risky scheme to try to maximize accounts... if one simply doesn't have the money for it. A better solution might be to try budgeting to see where one can save a few more thousands of dollars that could be put toward a Roth IRA.
by M_to_the_G
Sun May 24, 2015 10:11 pm
Forum: Personal Consumer Issues
Topic: Any solo retired RVer's out there?
Replies: 27
Views: 2462

Re: Any solo retired RVer's out there?

I voraciously watch YouTube videos of people living the RV lifestyle (both older, traditional "retired" folks and younger folks doing it for the lifestyle). There is certainly something very appealing about a minimalist lifestyle in a small RV, such as: visiting friends and not being a bur...
by M_to_the_G
Sun May 24, 2015 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 158
Views: 18666

Re: much ado about coasting (through life)

Or use a road, or a library, or go to an emergency room. This post is hippie talk plain and simple. At the very least you need to find something you like and do it part time. Sitting on the couch for a lifetime isn't really doing anything for society. It's not hippie talk, it's early retirement. An...
by M_to_the_G
Sun May 24, 2015 3:00 am
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Follow "Passion" or Follow the Money?
Replies: 73
Views: 4177

Re: Career Advice: Follow "Passion" or Follow the Money?

Before I joined the Foreign Service, I was "recruited" by Booz Allen Hamilton for a management consultant job, I guess you could say. This was seven years ago. The truth is that I had no idea what it was about. I had met someone from Booz Allen at a social function, and we hit it off. All ...
by M_to_the_G
Fri May 22, 2015 11:15 pm
Forum: Investing - Theory, News & General
Topic: Any Good Investing Publications or Newsletters?
Replies: 13
Views: 1369

Re: Any Good Investing Publications or Newsletters?

I have no interest in "noise," except for entertainment purposes. My favorite is "Mad Money" with Jim Cramer. It is incredibly cynical, from the slick production values, to the clearly deliberate choice to have only "hometownsy" folks call in (whom viewers at home can i...
by M_to_the_G
Fri May 22, 2015 11:11 pm
Forum: Investing - Theory, News & General
Topic: Improving the TSP [for current participants]
Replies: 72
Views: 9920

Re: Improving the TSP [for current participants]

Frankly, the TSP is already too complex for most feds, sadly.
by M_to_the_G
Fri May 22, 2015 11:09 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 117
Views: 8511

Re: What's so great about simplicity?

babington wrote:What's so great about simplicity?



Its elegance, of course.
by M_to_the_G
Fri May 22, 2015 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 3921

Re: Not able to max out all the retirement accounts

"Behind" is relative. As others have said above, you shouldn't compare yourself to Bogleheads. There are some folks here who have ridiculously good situations: education paid for (by someone else), high income, early start in Boglehead-style investing (which they then followed through with...
by M_to_the_G
Fri May 22, 2015 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Follow "Passion" or Follow the Money?
Replies: 73
Views: 4177

Re: Career Advice: Follow "Passion" or Follow the Money?

I apologize for the length of this article, but I really hope to solicit the opinions of like-minded individuals on this board. My current dilemma if you will call it, is whether or not to follow the money or my "passion" in my career. First, a bit of a background. I have a PhD in physics...
by M_to_the_G
Fri May 22, 2015 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: The end of the nest egg
Replies: 30
Views: 6946

Re: The end of the nest egg

This has been discussed at length in other threads recently. Taylor has opined, and many others have agreed, that one shouldn't give too much thought to concrete SWR's. "Spend less of the nest egg when times are lean, and spend more of it when times are fat" seems to be the mantra. The Tri...
by M_to_the_G
Fri May 22, 2015 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 86
Views: 8101

Re: Friends/Family that don't invest!

No one in my family invests because they are poor and have the mindset of the poor, sadly. Oh, well... you don't pick 'em. I have two colleagues who come to mind, whose example might be of interest to this crowd. Both come by my office regularly to chat about finances. One reads every link I send hi...
by M_to_the_G
Fri May 22, 2015 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 158
Views: 18666

Re: much ado about coasting (through life)

Interesting perspective. What's wrong with coasting? Nothing. The thing that is wrong with coasting is when "coasting" is done out of fear, or out of a lack of self-confidence. I have met "that guy" many times -- playing it cool, pretending he just doesn't want to be "mercen...
by M_to_the_G
Fri May 22, 2015 9:18 pm
Forum: Personal Consumer Issues
Topic: Being an Uber driver
Replies: 15
Views: 2728

Re: Being an Uber driver

takethree wrote:http://citypaper.net/uberdriver/


Very good read. Well-written and enlightening. Thanks for linking.
by M_to_the_G
Wed May 20, 2015 5:58 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 8636

Re: How much can I spend on a car?

I'm not saying anything. I'm quoting the authors of "The Millionaire Next Door."
by M_to_the_G
Wed May 20, 2015 11:57 am
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 8636

Re: How much can I spend on a car?

^ There are those of us weirdos who do enjoy a good negotiation. I spent the better part of a half day haggling over the price of my car and got all kinds of perks because of it. Free lunch, free oil changes, not to mention a couple hundred off here and a couple hundred off there, which resulted in...
by M_to_the_G
Tue May 19, 2015 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Thrift Savings Plan and three-fund portfolio...
Replies: 22
Views: 1469

Re: Thrift Savings Plan and three-fund portfolio...

If you do decide to go with a G Fund heavy portfolio, just remember that the government can change the rules at any time. There has been some recent scuttlebutt that they may make the return of the G Fund more commensurate with the risk. So, while you should plan based on current rules, it is prude...
by M_to_the_G
Mon May 18, 2015 11:59 pm
Forum: Investing - Help with Personal Investments
Topic: Thrift Savings Plan and three-fund portfolio...
Replies: 22
Views: 1469

Re: Thrift Savings Plan and three-fund portfolio...

The TSP G fund is better than any bond fund Vanguard offers, either domestic or international. Comparing the G fund 10 year return of 3.19% to VBTLX at 4.72%. Every other Vanguard Index Bond fund that is 10 years old or older beats 3.19%. Why do you say the G fund is better? (Honest question) Well,...
by M_to_the_G
Sun May 17, 2015 6:12 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 8636

Re: How much can I spend on a car?

You didn't say that you wanted a luxury car to impress girls. Some other people here speculated, and others flat out recommended it. If you told us you were in an industry where you needed to "look the part," such as pharmaceutical sales, you'd probably get more sympathetic replies. Becaus...
by M_to_the_G
Sun May 17, 2015 2:48 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 8636

Re: How much can I spend on a car?

I’ll also throw in something to buffer the counterarguments already made in response to some of the views expressed in this thread: I wouldn’t advise that you buy a fancy car to impress a potential mate. Someone above said that an M4 is a babe magnet, and that girls walk up to him to talk to him be...
by M_to_the_G
Sun May 17, 2015 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: On a Scale of 1 - 10.. [Portfolio evaluation]
Replies: 34
Views: 2280

Re: On a Scale of 1 - 10.. [Portfolio evaluation]

6. You barely have 50% allocated to equities (you need to factor in your emergency funds into your investment total). I was under the impression that one should not include emergency funds in one's portfolio calculation, as it isn't for retirement or other investing goals; it's something separate, ...
by M_to_the_G
Sun May 17, 2015 2:06 am
Forum: Investing - Help with Personal Investments
Topic: On a Scale of 1 - 10.. [Portfolio evaluation]
Replies: 34
Views: 2280

Re: On a Scale of 1 - 10.. [Portfolio evaluation]

Without the emerging markets sector bet, I would give it a 9, and given your age and the elegance of the portfolio -- as intimated by Taylor above -- perhaps it would merit a 10.
by M_to_the_G
Sun May 17, 2015 1:38 am
Forum: Investing - Help with Personal Investments
Topic: Please help me with my 401k 31 year old single male
Replies: 15
Views: 1334

Re: Please help me with my 401k 31 year old single male

Here is a great little booklet just for you by William Bernstein: http://www.etf.com/docs/IfYouCan.pdf +1. This. If you read that pamphlet (and the reading assignments inside it), you will not need an advisor. As Bernstein also said: " If you know how to pick an advisor, you don’t need one. &q...
by M_to_the_G
Sun May 17, 2015 1:34 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Roth IRA
Replies: 7
Views: 876

Re: Vanguard Roth IRA

You'll get much more fulsome and concrete advice if you post in this format: viewtopic.php?f=1&t=6212 (just edit your original post above)
by M_to_the_G
Sun May 17, 2015 1:31 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio & Budget Review Requested -- Correct Format
Replies: 10
Views: 807

Re: Portfolio & Budget Review Requested -- Correct Format

Agree mostly with what others have said. Frankly, there are respected bogleheads -- and even wise men (such as Charley Ellis) -- who are fine with 100% stocks during the accumulation phase, especially in your 20's. That is not the norm on these forums, and I would advise "age in bonds" or ...
by M_to_the_G
Sun May 17, 2015 1:10 am
Forum: Investing - Help with Personal Investments
Topic: Talk me out of Timing the Market!
Replies: 30
Views: 3014

Re: Talk me out of Timing the Market!

You need to keep educating yourself. +1. This. Don't let us talk you out of timing the market. Let men wiser than any of us talk you out of timing the market, and then you will talk yourself out of it. Read "Common Sense" by Jack Bogle. Read "The Elements of Investing" by Malkie...
by M_to_the_G
Sun May 17, 2015 12:53 am
Forum: Investing - Theory, News & General
Topic: Vanguard's email "The case for a global portfolio"
Replies: 46
Views: 4079

Re: Vanguard's email "The case for a global portfolio"

Eric76 wrote:I wonder if Mr. Bogle gets irritated when he reads articles like these coming from Vanguard about increasing international exposure given his well known pov on the topic.


And he hasn't changed his mind since "Common Sense." I am at 20% of my portfolio, with no plans to increase that.
by M_to_the_G
Sun May 17, 2015 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 201
Views: 37499

Re: Share your networth progression

Interesting thread. I’ll combine some of the posting methods I’ve liked here; I think it’s worthwhile to discuss one’s background and mindset at different stages of life, and one’s epiphanies and milestones. 1979 - 1999 (age 0 - 19): Net worth: $0 1999 - 2005 (age 19 - 25): Net worth: -$15,000 Was p...
by M_to_the_G
Sat May 16, 2015 10:13 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 8636

Re: How much can I spend on a car?

I wouldn’t advise that you buy a used luxury car in your income bracket. Even the folks above saying they were happy with that choice have hinted that they were not happy with the repair/maintenance costs. So I wonder what exactly it was that they were happy about. The feeling of owning luxury? I sa...
by M_to_the_G
Tue May 12, 2015 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Frugality Reinforced - The Millionaire Next Door
Replies: 84
Views: 12551

Re: Frugality Reinforced - The Millionaire Next Door

I also remember the book included some kind of formula that you could apply to your own circumstances to see if you were on track to becoming a MND, based on your age group. Yes, I was pleased to find that the authors consider me "wealthy," as they define it, for my age and income group. ...
by M_to_the_G
Tue May 12, 2015 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Frugality Reinforced - The Millionaire Next Door
Replies: 84
Views: 12551

Re: Frugality Reinforced - The Millionaire Next Door

M to the G, Good for you on your frugality and mission to enjoy life. I can't believe someone recommended that you rent stuff to appear more afluent. Especially on this forum. It looks like some folks thought my post was a “cry for help,” and that I was experiencing an existential crisis and was as...
by M_to_the_G
Mon May 11, 2015 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Frugality Reinforced - The Millionaire Next Door
Replies: 84
Views: 12551

Re: Frugality Reinforced - The Millionaire Next Door

Uhm, folks, I had the barbecue tonight with my friend. It was at my apartment, and I picked them up in my car, and it was great. It never even crossed my mind to buy or rent a new car or find a new apartment in the space of a few days. :confused
by M_to_the_G
Sun May 10, 2015 10:56 pm
Forum: Personal Consumer Issues
Topic: Save $$$ On Razor Blades
Replies: 29
Views: 3531

Re: Save $$$ On Razor Blades

How do you guys safely dispose of the used DE blades? I remember as a kid that our medicine cabinet had a slot in the back where you could put the used blades. I assume they just fell down into the wall cavity below the blades but I'm wondering if somewhere in America there are walls filling up wit...
by M_to_the_G
Sun May 10, 2015 1:03 am
Forum: Personal Finance (Not Investing)
Topic: Frugality Reinforced - The Millionaire Next Door
Replies: 84
Views: 12551

Frugality Reinforced - The Millionaire Next Door

I just devoured "The Millionaire Next Door" in two days at the age of 35. I have read a ton of financial and retirement-planning literature and books over the past 3 years, but this one was especially illuminating and came at exactly the right moment. I am very proud of living well below m...
by M_to_the_G
Fri May 08, 2015 4:34 pm
Forum: Personal Consumer Issues
Topic: Save $$$ On Razor Blades
Replies: 29
Views: 3531

Re: Save $$$ On Razor Blades

+1. This. The best shave you can get is a double-edge (safety) razor shave. I use those same blades (Astra Platinum). A pack lasts forever. I use Speick soap. A stick lasts forever. I face-lather and don't use a brush anymore. My razor was my one splurge, a Merkur Futur. It has long since paid for ...
by M_to_the_G
Fri May 08, 2015 12:24 am
Forum: Investing - Help with Personal Investments
Topic: New member, and way behind the 8-ball (long and boring)
Replies: 15
Views: 2094

Re: New member, and way behind the 8-ball (long and boring)

+1 to what everyone has said above. You are not behind. Don't compare yourself to some of the Bogleheads here. Some are very high income earners who also adhere to Boglehead principles (and have done so for decades). There are multimillionaires here. You shouldn't compare yourself to them, but you s...
by M_to_the_G
Thu May 07, 2015 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Retired, need help with investment
Replies: 15
Views: 1669

Re: Retired, need help with investment

You don't need an advisor, and certainly not that advisor! He is trying to fleece you. A propos, with $77k in pension and SS coming in, you can probably do whatever you like. Congrats for working hard and doing well! :sharebeer :sharebeer That said, I think you should move your money to Vanguard and...
by M_to_the_G
Thu May 07, 2015 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: move to cash for upcoming bear market?
Replies: 68
Views: 7996

Re: move to cash for upcoming bear market?

Methinks there must be some "noise" out there recommending that people cash out their investments and go to cash so they will be ready to time their way back into the market. A coworker shared a very similar idea with me yesterday. I'd like to know what he and the OP saw that led them to t...
by M_to_the_G
Thu May 07, 2015 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: emergency fund
Replies: 9
Views: 1537

Re: emergency fund

ny_rn wrote:Remember you need quick access to this money. For example - go to the bank and withdraw it. Stick with a high-yield savings account for your emergency fund.

Read this: http://www.bogleheads.org/wiki/Emergency_fund


+1. This.

I keep mine in a money market savings account at my credit union.
by M_to_the_G
Thu May 07, 2015 11:21 pm
Forum: Personal Consumer Issues
Topic: Save $$$ On Razor Blades
Replies: 29
Views: 3531

Re: Save $$$ On Razor Blades

About 3 years ago, I took to wet shaving with a safety razor. I shave 3 times a week. Best shave I've ever gotten: Up front costs: Safety Razor: $5 from an antique store. After cleaning and polishing, it looked like new. Badger-hair Brush: $9 from Amazon.com (SimplyBeautiful Shaving Brush) Soap: $7...
by M_to_the_G
Thu May 07, 2015 11:11 am
Forum: Personal Consumer Issues
Topic: Used vehicle purchase disaster
Replies: 37
Views: 3784

Re: Used vehicle purchase disaster

I must be frank here, so do forgive me. It sounds like you are looking for justice, but you don't have the stomach for it. So I'd say take the dealer's offer and take it quickly. You shouldn't spend any more time thinking about it if you don't want to do what you will have to do to get justice, i.e....
by M_to_the_G
Wed May 06, 2015 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Buying new car
Replies: 21
Views: 3192

Re: Buying new car

Go on the last day of the month at around 4pm. Browse around like you don't know what you want, but already know what car on their lot you want, and let them lead you to it. Make it clear to them that you are ready to buy today. Wear them down to the price you want. Politely decline all their offers...
by M_to_the_G
Wed May 06, 2015 11:56 am
Forum: Personal Consumer Issues
Topic: French press recommendation?
Replies: 32
Views: 2117

Re: French press recommendation?

Bodum
by M_to_the_G
Mon May 04, 2015 1:25 pm
Forum: Investing - Theory, News & General
Topic: "Don't invest in something you don't understand."
Replies: 55
Views: 3454

Re: "Don't invest in something you don't understand."

You're committing a basic logical fallacy. You shouldn't invest it something you don't understand, but it doesn't follow that you therefore shouldn't invest in the stock market because you don't fully understand it. That's a converse error of logic (I think). "Don't invest in something you don'...
by M_to_the_G
Mon May 04, 2015 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: new investor
Replies: 14
Views: 957

Re: new investor

+1 on all the above pieces of advice, and here's one more: I see that you are considering taking out a loan for a new car. I wouldn't do that. Not with the retirement investing you've got to do, and not with your income. You might be happy just saving $5k - $10k and paying cash for a Honda or Toyot...
by M_to_the_G
Mon May 04, 2015 11:58 am
Forum: Personal Finance (Not Investing)
Topic: [How do I lead a discussion about saving for retirement?]
Replies: 38
Views: 4135

Re: [How do I lead a discussion about saving for retirement?

College students should have no money to invest. They should be flat broke. Then when they graduate, they have other things to do with their money besides saving for retirement. They need to pay for transportation (cars), phones, health insurance, rent, save for down payments, weddings, job searche...
by M_to_the_G
Mon May 04, 2015 11:49 am
Forum: Personal Finance (Not Investing)
Topic: [How do I lead a discussion about saving for retirement?]
Replies: 38
Views: 4135

Re: 1/3 of those SAVING for retirement have less than $1000

I can remember back in the mid 80's in my early twenties and opened my first IRA, one of my buddies was befuddled on why I would worry about retirement at such a young age. He is currently a teacher with a pension that is under 70% funded currently. Ha! This reminds me of a coworker in my office. Y...
by M_to_the_G
Mon May 04, 2015 9:03 am
Forum: Personal Consumer Issues
Topic: old ways can still be the best ways [percolator]
Replies: 36
Views: 3039

Re: old ways can still be the best ways [percolator]

:happy finally an issue of fundamental importance to western civilization :happy You like your coffee boiled in the pot? Yes I know that all kinds of folks claim that modern percs do not boil the whole coffee reservoir but it is impossible to get the water to go up the tube without boiling it and i...

Go to advanced search