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Re: Angry when stock market is down

EmergDoc wrote:If anything about your portfolio is making your angry you're doing it all wrong.

Agreed.

If watching the market less often works for you (i.e., helps you keep calm), great. If that doesn't work, this is a big sign that your allocation is not the best fit.
by ObliviousInvestor
Fri Sep 12, 2014 1:21 pm
 
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 3752

Re: How much value can an advisor add for the average invest

Of course we all know the advisor isn't going to "beat the market". But for the average investor who is completely clueless and has no desire to learn about it, they're a victim waiting to happen. In that case, wouldn't the services named above be worth the 1% AUM fee they may charge? Sim...
by ObliviousInvestor
Wed Sep 10, 2014 9:47 am
 
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 67
Views: 3899

Re: A 'really good book' you did NOT enjoy

My pick would be A Brief History of Time. It's probably been 20 years since I gave it a go but even though the book was meant to dumb it down for the masses it apparently wasn't dumbed down quite enough for this one. :oops: If you're interested in the topics, you may want to consider A Briefer Hist...
by ObliviousInvestor
Sun Sep 07, 2014 9:56 pm
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 195
Views: 8893

Re: Passive vs Active Investing

There was some discussion of it here a few days ago:
viewtopic.php?f=10&t=146215&p=2179580
by ObliviousInvestor
Sun Sep 07, 2014 11:04 am
 
Forum: Investing - Theory, News & General
Topic: Passive vs Active Investing
Replies: 5
Views: 854

Re: A 'really good book' you did NOT enjoy

Rich Dad Poor Dad The thread is titles "A 'really good book' you did NOT enjoy." I would guess that no one has praised Rich Dad Poor Dad for its literary merits. Fair enough. I didn't think we were talking only about literary merits. I had interpreted "reputed to be excellent" m...
by ObliviousInvestor
Sun Sep 07, 2014 2:02 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 195
Views: 8893

Re: A 'really good book' you did NOT enjoy

Off the top of my head:

The Great Gatsby
The Bible
The Catcher in the Rye
Rich Dad Poor Dad


FWIW, Dickens is probably my favorite fiction writer. I almost don't even have to care about the plot, given how much fun I have reading his sentences. :)
by ObliviousInvestor
Sun Sep 07, 2014 1:40 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 195
Views: 8893

Re: POLL: Has a financial firm made a mistake with your mone

I have twice had banks (one a mid-size regional bank, one a mega-bank) transpose digits in transactions. Both times it was fixed quickly and easily after contacting customer service. As it happens the amounts were less than $1,000, but it certainly could have been different if other digits had been ...
by ObliviousInvestor
Sat Sep 06, 2014 10:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Has a financial firm made a mistake with your money?
Replies: 52
Views: 2609

Re: Longevity Annuities?

strick: Estimated life expectancy tables are illogical and absurd? [OT comment removed by admin LadyGeek] The insurance companies seem to rely pretty heavily on actuarial studies, so I'd re-think your position on this. His point isn't that the tables are illogical and absurd. His point is that plan...
by ObliviousInvestor
Sat Sep 06, 2014 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Annuities?
Replies: 54
Views: 2303

Re: Annuity advice

Thanks for recommending the book, Leerar! I agree with the others who have said that having one spouse delay until 70 while collecting a spousal benefit (via a "restricted application) sounds like a good idea here -- and having the other spouse delay as well (via "filing and suspending&quo...
by ObliviousInvestor
Fri Sep 05, 2014 7:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annuity advice
Replies: 13
Views: 811

Re: Longevity Annuities?

Yes, you are correct. Of course past 90 the self-annutized amount would decline, but it's still a pretty hefty sum, especially in view of the aforementioned upside by not gifting your money away forever. Also, the $200,000 lump sum at 85 may provide additional income by prudent short-term investing...
by ObliviousInvestor
Fri Sep 05, 2014 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Annuities?
Replies: 54
Views: 2303

Re: Longevity Annuities?

ObliviousInvestor: I think you'll still do pretty well into you 90's, no? In addition to getting your principal at maturity (unlike an annuity), the ability to cash in before maturity (unlike an annuity), no hidden fees or commissions (unlike some annuities) and, if you so choose, you may borrow ag...
by ObliviousInvestor
Fri Sep 05, 2014 2:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Annuities?
Replies: 54
Views: 2303

Re: Annuity advice

Two thoughts: 1) Generally, delaying Social Security (especially for the spouse with the higher Primary Insurance Amount) is a better deal than buying an annuity from a private insurer. 2) It is uncommon for it to make sense for both spouses to claim Social Security at the same age, given that the r...
by ObliviousInvestor
Fri Sep 05, 2014 12:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annuity advice
Replies: 13
Views: 811

Re: Social Security Delayed Retirement Credits

The shortfall is for 6 checks (months) times 6 DRCs or 36 DRC increments. So he'd be short 4% for 6 months because of the following January effective rule , how do you get a 36 month shortfall ?? Not a 36 month shortfall, but a 36 DRC shortfall -- because the 6 short payments are short by 6 DRCs ea...
by ObliviousInvestor
Fri Sep 05, 2014 12:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Delayed Retirement Credits
Replies: 43
Views: 3426

Re: Longevity Annuities?

Attention 65 year olds looking for "longevity insurance": Buy 200 TVA zero coupon bonds of 11/8/34 at $48.352 (Fidelity quote) for less than $100K and , look, you'll get $200k at 85. Annuitize that 'till 90 and you're scrafing down $40,000 a year. Here's the best part: if you change your ...
by ObliviousInvestor
Fri Sep 05, 2014 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Annuities?
Replies: 54
Views: 2303

Re: "There is no such thing as a truly passive portfolio"

There was a similar discussion a couple weeks ago along the same lines. To so narrowly define passive investing it to make the term meaningless. This one? http://www.bogleheads.org/forum/viewtopic.php?f=10&t=144608&newpost=2152454 As I stated in that thread, I don't, in most cases, see the ...
by ObliviousInvestor
Thu Sep 04, 2014 2:54 pm
 
Forum: Investing - Theory, News & General
Topic: "There is no such thing as a truly passive portfolio"
Replies: 58
Views: 2056

Re: How exactly would you define market timing?

dbr wrote:My answer to the exact title of this thread is that I wouldn't.

:sharebeer
by ObliviousInvestor
Thu Sep 04, 2014 11:43 am
 
Forum: Investing - Theory, News & General
Topic: How exactly would you define market timing?
Replies: 67
Views: 1993

Re: William Sharpe advises against rebalancing

The following paper from Sharpe may be of interest:
http://web.stanford.edu/~wfsharpe/retecon/wfsaaap.pdf

In particular, the part on page 14 where he quotes an earlier work of his.
by ObliviousInvestor
Thu Sep 04, 2014 10:21 am
 
Forum: Investing - Theory, News & General
Topic: William Sharpe advises against rebalancing
Replies: 32
Views: 2611

Re: How exactly would you define market timing?

I'm not a fan of the phrase "market timing" or the accompanying concept that "market timing is bad" because it leaves you trying to figure out, "does this count as market timing? Does that?" It's better to understand the overall idea that people are getting at when they...
by ObliviousInvestor
Thu Sep 04, 2014 10:10 am
 
Forum: Investing - Theory, News & General
Topic: How exactly would you define market timing?
Replies: 67
Views: 1993

Re: struggling to understand "bond crash"

livesoft wrote:I think we need to cue a nisiprius bond crash chart here.

I recently noticed the signature of Boglehead member sharke: "I survived the Great Bond Crash of 2013!" Hehe. Reminded me of Nisi's charts. :)
by ObliviousInvestor
Tue Sep 02, 2014 11:00 am
 
Forum: Investing - Theory, News & General
Topic: struggling to understand "bond crash"
Replies: 13
Views: 2008

Re: How do you invest in 401k?

What you're describing isn't really a problem for the most part. In most cases, after leaving the employer, you can actually leave your money in the plan. But, even when you can't (or don't want to) leave it there, you can roll it somewhere else and buy a fund in the same asset class -- or even the ...
by ObliviousInvestor
Mon Sep 01, 2014 7:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do you invest in 401k?
Replies: 8
Views: 575

Re: Financial Planners, DFA, and your opinions please!

What about one of the software "advisors" like Betterment or Wealthfront? L. I looked at these. They didn't fit what I'm looking for. And I don't want to just "fit a portfolio" I want more personalization. Thank you for your thoughts. I have looked at Betterment, Wealthfront and...
by ObliviousInvestor
Mon Sep 01, 2014 9:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Financial Planners, DFA, and your opinions please!
Replies: 28
Views: 1647

Re: Poll: How many own zero/few stocks?

Flobes wrote:I own a single share of Berkshire Hathaway B, which entitles me to an 8% discount on my auto insurance.

Ditto this. Otherwise, index funds.
by ObliviousInvestor
Fri Aug 29, 2014 10:30 am
 
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 2740

Re: Calculating MAGI for Medicare Part B.

kaneohe wrote:I sent ssa a message pointing out the oversimplification and suggested that they might want do a revision in the future.

:beer Great idea.
by ObliviousInvestor
Thu Aug 28, 2014 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculating MAGI for Medicare Part B.
Replies: 5
Views: 269

Re: If you had an extra $100,000

In most cases, it's hard to argue too much against paying off a mortgage. And deferred income annuities (aka "longevity insurance") are an idea I like overall -- though as I've mentioned elsewhere, the lack of protection against inflation makes them significantly less appealing IMO. If it...
by ObliviousInvestor
Thu Aug 28, 2014 12:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you had an extra $100,000
Replies: 68
Views: 7174

Re: Calculating MAGI for Medicare Part B.

There are different MAGIs for different purposes.............just use the one relevant to your particular subject, not ones for IRAs or other things. This is the key point here -- and a valuable lesson about taxes in general. As far as I can tell, the first three links on the following page are the...
by ObliviousInvestor
Thu Aug 28, 2014 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Calculating MAGI for Medicare Part B.
Replies: 5
Views: 269

Re: If you had an extra $100,000

In most cases, it's hard to argue too much against paying off a mortgage. And deferred income annuities (aka "longevity insurance") are an idea I like overall -- though as I've mentioned elsewhere, the lack of protection against inflation makes them significantly less appealing IMO. If it ...
by ObliviousInvestor
Thu Aug 28, 2014 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: If you had an extra $100,000
Replies: 68
Views: 7174

Re: Bad(?) advice given about Target Date Retirement funds

toto238 wrote:Although we all agree that for the average Boglehead, buying the 4 funds inside the TR funds, getting the admiral shares, rebalancing yourself, keeping the ones that create the most taxable events in your tax-advantaged accounts, is the best way to go.

I'm not sure we all agree with that.
by ObliviousInvestor
Wed Aug 27, 2014 4:49 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 103
Views: 6458

Re: POLL: Age for Collecting Social Security Benefits

I'm wondering about the rationale of the 1 person who said he waited until after age 70. Ralph +1 There are 11 that have responded that they will wait or have waited until after 70. Just curious as to the circumstances. While its not my situation, I would assume there are a lot of "professiona...
by ObliviousInvestor
Mon Aug 25, 2014 8:34 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 7479

Re: Trade short term VTIPs for regular TIPs?

#Cruncher, I always enjoy your posts on bonds. Thank you.
by ObliviousInvestor
Sat Aug 23, 2014 6:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trade short term VTIPs for regular TIPs?
Replies: 13
Views: 1074

Re: POLL: Age for Collecting Social Security Benefits

"Planning" to collect at age 70 is far different than actually having done so. When 62 rolls around and you take notice that many folks don't make it to 70, or are diagnosed with a life changing health issue, then you've got to ask yourself one question: "Do I feel lucky?" Well,...
by ObliviousInvestor
Fri Aug 22, 2014 1:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 7479

Re: Trade short term TIPs for regular TIPs?

Given that the fund's yield was presumably negative as of the beginning of the year, I wouldn't think that a 1.1% return would be terribly disappointing. As far as "what's going on" it's just the normal interaction between bond prices and interest rates. TIPS yields have come down since Ja...
by ObliviousInvestor
Fri Aug 22, 2014 7:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Trade short term VTIPs for regular TIPs?
Replies: 13
Views: 1074

Re: Bogleheads and Dividend Paying Stocks

It is true that dividends make up a large part of equities' growth over time. But it does not follow from that statement that dividend yield (or dividend growth, or some other dividend metric) is necessarily a way to pick stocks that will perform better than a simple index fund.
by ObliviousInvestor
Wed Aug 20, 2014 6:40 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads and Dividend Paying Stocks
Replies: 22
Views: 2092

Re: POLL: Age for Collecting Social Security Benefits

If you're concerned only about the breakeven point, you should study the second chart at the link below. A breakeven point is only a single moment in time--the time at which things start going the other way rapidly. The second chart at this link is for filing at 62 instead of 66, and it uses a PIA ...
by ObliviousInvestor
Wed Aug 20, 2014 3:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 7479

Re: POLL: Age for Collecting Social Security Benefits

If [various hypotheticals], then it makes sense to wait. But those are ifs, and the personal ones are hard to estimate until you're close to that point in life. +1. I'd guess that a fair percentage of the votes for age 70 in this poll are from people who won't live that long. My default assumption ...
by ObliviousInvestor
Wed Aug 20, 2014 11:44 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 7479

Re: 100% lifestrategy - good idea for a hands-off investor?

Does having a single fund like LifeStrategy make it difficult to do tax loss harvesting? You cannot harvest loss on the individual funds that are within the LifeStrategy fund... For a hands-off investor or someone who will not re-balance religiously, it seems like a good choice. But for someone wit...
by ObliviousInvestor
Tue Aug 19, 2014 1:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: 100% lifestrategy - good idea for a hands-off investor?
Replies: 28
Views: 3359

Re: 100% lifestrategy - good idea for a hands-off investor?

berntson wrote:Alternatively, as I suggested earlier, the investor could just keep her existing LS allocation (especially if it is in a taxable account) and gradually hold more cash.

Yep. Or TIPS, or CDs, or annuities. (For what it's worth, this is more or less my personal plan at this point.)
by ObliviousInvestor
Tue Aug 19, 2014 12:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: 100% lifestrategy - good idea for a hands-off investor?
Replies: 28
Views: 3359

Re: Bad(?) advice given about Target Date Retirement funds

Mel Lindauer wrote:Here's a column I did for M* back in 2009 on this very topic called "Fixing Target Date Funds".

http://news.morningstar.com/articlenet/ ... Id=2686718

Thanks for sharing that article, Mel. I don't remember having read it when it came out. I like your suggestions.
by ObliviousInvestor
Tue Aug 19, 2014 9:46 am
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 103
Views: 6458

Re: Bad(?) advice given about Target Date Retirement funds

My preference for the LifeStrategy funds is primarily due to the naming convention. When presented with a menu of LifeStrategy funds, an investor has no choice but to think about his/her risk tolerance. With the Target Retirement funds, there's an easy out: just pick based on the date. And even when...
by ObliviousInvestor
Mon Aug 18, 2014 10:08 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 103
Views: 6458

Re: Bad(?) advice given about Target Date Retirement funds

My counter advice is to use a Life Strategy or other balanced fund that closely matches your desired AA and stick with it for a while. Perhaps a decade or so down the line you might want to change I agree. I'm a big fan of the LS funds. Their names are more descriptive and their operation is very e...
by ObliviousInvestor
Mon Aug 18, 2014 1:06 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 103
Views: 6458

Re: SS question

So just to make sure I understand this right.... ... I took my SS at age 62. ... My wife isn't eligible for SS on her own. She took spousal benefit based on my earnings at age 62. ... We are both past FRA now. So if I die she can stop the spousal benefit and begin receiving what I currently receive...
by ObliviousInvestor
Sun Aug 17, 2014 10:16 am
 
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 14
Views: 1372

Re: SS question

How about the case of delaying to 70. At death, spouse is entitled to DRC or PIA? See paragraph (b) of the second link I provided above. DRC is the answer :happy -----------paragraph b from your reply-We may increase your monthly benefit amount if the insured person delays filing for benefits or re...
by ObliviousInvestor
Sun Aug 17, 2014 9:38 am
 
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 14
Views: 1372

Re: SS question

So just to make sure I understand this right.... ... I took my SS at age 62. ... My wife isn't eligible for SS on her own. She took spousal benefit based on my earnings at age 62. ... We are both past FRA now. So if I die she can stop the spousal benefit and begin receiving what I currently receive...
by ObliviousInvestor
Sun Aug 17, 2014 9:10 am
 
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 14
Views: 1372

Re: SS question

So just to make sure I understand this right.... ... I took my SS at age 62. ... My wife isn't eligible for SS on her own. She took spousal benefit based on my earnings at age 62. ... We are both past FRA now. So if I die she can stop the spousal benefit and begin receiving what I currently receive...
by ObliviousInvestor
Sat Aug 16, 2014 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 14
Views: 1372

Re: Vanguard:"Social Security: How to decide when it's time.

This is something I've never understood, HOW they "adjust" for the $$ benefits not paid because of "too much" in earnings. IS it a lump sum? If so, I assume that could bump someone into a higher tax bracket. (And could it end up with more of the SS benefits being subject to tax ...
by ObliviousInvestor
Wed Aug 13, 2014 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 5936

Re: Vanguard:"Social Security: How to decide when it's time.

This is something I've never understood, HOW they "adjust" for the $$ benefits not paid because of "too much" in earnings. IS it a lump sum? If so, I assume that could bump someone into a higher tax bracket. (And could it end up with more of the SS benefits being subject to tax ...
by ObliviousInvestor
Wed Aug 13, 2014 2:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 5936

Re: Vanguard:"Social Security: How to decide when it's time.

This is something I've never understood, HOW they "adjust" for the $$ benefits not paid because of "too much" in earnings. IS it a lump sum? If so, I assume that could bump someone into a higher tax bracket. (And could it end up with more of the SS benefits being subject to tax ...
by ObliviousInvestor
Wed Aug 13, 2014 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 5936

Re: Vanguard: "Social Security: How to decide when it's time

So "file and suspend" is beneficial just for married couples, right ? It's not a free pass for me to wait until 70yo** to start collecting, but then change my mind if serious longevity issues appear between FRA and 70yo. ** I'm assuming FRA = 66, because if I were that much older I'd alre...
by ObliviousInvestor
Tue Aug 12, 2014 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 5936

Re: Does domestic over weighting qualify as active managemen

I'm beginning to think part of the misunderstanding problem may be many of us using "active management" as a snarl word . PJW Agreed. Due in part to our laziness when chatting around here, and due in part to the nature of being new to something (and therefore trying to condense everything...
by ObliviousInvestor
Tue Aug 12, 2014 2:12 pm
 
Forum: Investing - Theory, News & General
Topic: Does domestic over weighting qualify as active management?
Replies: 26
Views: 1259

Re: Otar's "Gray Zone"

In his book Unveiling the Retirement Myth , Otar talks about the Green, Gray, and Red zones. 1. If your withdrawal rate (WR) is lower than the sustainable withdrawal rate (SWR), then you are in the green zone. You have abundant savings. 2. If your withdrawal rate is greater than the annuity rate (AR...
by ObliviousInvestor
Tue Aug 12, 2014 12:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Otar's "Gray Zone"
Replies: 3
Views: 515
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