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Re: Bonds - Are they essential in a new portfolio?

There are certain things that cannot be explained to a virgin either by words or pictures. Nor can any description that I might offer here even approximate what it feels like to lose a real chunk of money that you used to own. Psychologically, if you're new to investing and your all-stock portfolio...
by Whiggish Boffin
Thu Apr 24, 2014 12:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Bonds - Are they essential in a new portfolio?
Replies: 8
Views: 1333

Re: Is it a bad move to buy a home now?

John94549 --
If that's Sunnyvale, CA, the heart of Silicon Valley, then $40k in 1973 was four years' salary for a new-minted BSEE, and the mortgage rate was 7.5%. Still, rates would double by 1980.
by Whiggish Boffin
Wed Apr 23, 2014 11:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is it a bad move to buy a home now?
Replies: 24
Views: 1996

Re: Baby Boomers: Top 10 Movies

Li'l Abner cartoonist Al Capp, a man of the Right, did a college lecture tour in the late '60s. A student asked his opinion of Easy Rider. He said "I liked it. It had a happy ending."
by Whiggish Boffin
Thu Apr 17, 2014 10:47 pm
 
Forum: Personal Consumer Issues
Topic: Baby Boomers: Top 10 Movies
Replies: 44
Views: 2749

Re: Use brokerage window for REITS and TIPS?

That's what I've done and it's worked out fine. I'm holding a Swensen lazy portfolio in my 401(k). (Yale's endowment manager David Swensen wrote Unconventional Success for individual investors. Taylor Larimore includes it among the Gems . Swensen recommended a default portfolio of 30% US stock index...
by Whiggish Boffin
Sun Apr 13, 2014 8:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Use brokerage window for REITS and TIPS?
Replies: 7
Views: 479

Re: Getting over huge mistakes

This older (62) Boglehead can tell you that it's not bad at all, and you can likely retire at not too great an age, sit beneath your own vine and fig tree, and delight in the wife of your youth, and your children, and perhaps theirs. Net worth over half a mil, about $366k socked away, a house you lo...
by Whiggish Boffin
Wed Apr 09, 2014 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting over huge mistakes
Replies: 30
Views: 3313

Re: Please help identify quote: I'm richer than he because..

VictoriaF wrote:I am richer than he because I will die with more toys.

The one who dies with the most toys, dies.
(Those who say "wins" have yet to show experimental verification.)
by Whiggish Boffin
Thu Apr 03, 2014 7:15 pm
 
Forum: Investing - Theory, News & General
Topic: Please help identify quote: I'm richer than he because...
Replies: 28
Views: 2782

Re: Has anyone purchased an inflation adjusted SPIA?

asterix0 said: When I bought real dollar annuities in 2008, the payout for a real dollar annuity was only two-thirds of that I would have received (in year 1) for constant dollar annuities. My breakeven point was 17 years. If your house doesn't catch fire, fire insurance doesn't protect you. If infl...
by Whiggish Boffin
Sat Mar 15, 2014 11:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Has anyone purchased an inflation adjusted SPIA?
Replies: 24
Views: 2273

Re: Has anyone purchased an inflation adjusted SPIA?

I won't be buying one for several years but I have looked for who sells them. Elm / The Principal used to post typical payout rates on this page: http://www.principal.com/retirement/incomeannuity/elm/income.htm but they haven't updated it since July 2013. I called in February, and the salesman said ...
by Whiggish Boffin
Thu Mar 13, 2014 11:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Has anyone purchased an inflation adjusted SPIA?
Replies: 24
Views: 2273

Re: How Much of Tax Refund Do You Save/Spend..??

About $4k of mine went to paper-format Series I savings bonds. The rest went to the Sports Illustrated swimsuit issue. This is the third year in a row I've put that much tax refund into Series I savings bonds. I've gone the limit ($10k/year) buying the electronic format Series I bonds, too. I now ha...
by Whiggish Boffin
Mon Mar 03, 2014 1:22 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much of Tax Refund Do You Save/Spend..??
Replies: 68
Views: 2428

Re: Are TIPS right for retired investors?

Bustoff -- Up-thread, the Bobcat pointed to my step-by-step walk-through: I bought a ladder using #Cruncher's spreadsheet 1) Yes, there are instructions. The tabs at the bottom take you to different worksheet pages. Click the tab labeled "Instructions". 2) Copy and paste from the WSJ data ...
by Whiggish Boffin
Thu Feb 13, 2014 8:14 pm
 
Forum: Investing - Theory, News & General
Topic: Are TIPS right for retired investors?
Replies: 64
Views: 4093

Re: Are TIPS right for retired investors?

Many people here agree that inflation is not a near-term concern. They do not expect any unexpected inflation. They could well be right. From 1971 to 1986, inflation as shown by CPI-U growth and by CPI-U excluding energy, did this: http://i.bnet.com/blogs/cpi-energy.bmp In 1971-72, inflation trended...
by Whiggish Boffin
Thu Feb 13, 2014 12:55 pm
 
Forum: Investing - Theory, News & General
Topic: Are TIPS right for retired investors?
Replies: 64
Views: 4093

Re: REITs or Individual Real estate investments?

A REIT fund is a passive investment. Individual real estate is a job, with irregular working hours and unstructured problem-solving required. Long ago (15 July 2008), craigr and ValueThinker discussed the issue: craigr said: Reasons to own index funds for real estate exposure vs. direct ownership: 1...
by Whiggish Boffin
Thu Feb 13, 2014 1:20 am
 
Forum: Investing - Theory, News & General
Topic: REITs or Individual Real estate investments?
Replies: 14
Views: 1312

Re: Pet peeve: When people refer to this forum as "Bogglehea

And another thing: there's no "o" in "David Swensen".
by Whiggish Boffin
Thu Feb 13, 2014 12:51 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Pet peeve: When people refer to this forum as "Boggleheads."
Replies: 36
Views: 2448

Re: Are TIPS right for retired investors?

Doc said: For you Vanguard clients there is a bond ladder function in the Research funds and stocks " Stocks, bonds & CDs Bonds & CDs Find bonds and CDs " https://personal.vanguard.com/us/FixedIncomeTrading that does all the work for you and gives you nice pretty charts of the resu...
by Whiggish Boffin
Thu Feb 13, 2014 12:07 am
 
Forum: Investing - Theory, News & General
Topic: Are TIPS right for retired investors?
Replies: 64
Views: 4093

Re: What percentage should be in High Yield AKA "Junk" bonds

David Swensen says 0%. In Unconventional Success , he lists junk bonds in the chapter "Non-Core Asset Classes" aka "stuff not to own". Summarizing on pg. 110, he says: Magnified credit risk, greater illiquidity, and more valuable call options pose a triple threat to bondholders [...
by Whiggish Boffin
Tue Feb 11, 2014 8:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: What percentage should be in High Yield AKA "Junk" bonds
Replies: 32
Views: 2105

Re: How do I find the next Berkshire Hathaway?

How did the Beatles find America? IMDB quotes from the movie A Hard Day's Night , the scene of the Beatles' cocktail party with the press: Reporter: How did you find America? John: Turned left at Greenland. Reporter: Are you a mod or a rocker? Ringo: Um, no. I'm a mocker. Reporter: What would you c...
by Whiggish Boffin
Mon Jan 27, 2014 12:36 am
 
Forum: Investing - Help with Personal Investments
Topic: How do I find the next Berkshire Hathaway?
Replies: 37
Views: 2219

Re: High Earners - What's Your Profession?

I'm an almost-retired engineer earning a smidge over $100k. ("Boffin" is a WWII-era Britishism for a tech geek.)
by Whiggish Boffin
Tue Jan 14, 2014 1:14 am
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 334
Views: 22782

Re: Cost of inflation indexed SPIA

This web page from Elm/The Principal gives their SPIA payout rates online: Examples of Retirement Income Payouts It gives payout rates for men, women, and couples, at ages 55, 60, 65, 70, and 75, for straight-life constant-dollar payouts, constant-dollar payout with guaranteed return of principal, a...
by Whiggish Boffin
Thu Oct 31, 2013 12:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cost of inflation indexed SPIA
Replies: 8
Views: 1227

Re: New construction Vs older home buy?

From The Dirty Dozen for Black-Swan Avoidance , by Doug McGuff, a wise and world-weary emergency-medical man. It's a 12-item list of How Not To Die: 9. If you are retirement age and plan on moving to a new home…think twice. The stress pushes many seniors over the edge. If you do, buy an existing hou...
by Whiggish Boffin
Mon Oct 07, 2013 1:24 am
 
Forum: Personal Consumer Issues
Topic: New construction Vs older home buy?
Replies: 22
Views: 2166

Re: How should I build a TIPS income ladder?

LH-- I edited my last post, to show the yield-to-maturity (ytm) of the TIPS when I bought them. The #Cruncher spreadsheet and the Vanguard "My Ladders" page show the ytm of each bond and of the whole ladder. I took their word for it and didn't calculate ytm for myself. Yes, every last one ...
by Whiggish Boffin
Sun Oct 06, 2013 9:27 pm
 
Forum: Investing - Theory, News & General
Topic: How should I build a TIPS income ladder?
Replies: 30
Views: 3261

LH wants to see our ladders. Here's mine.

Very well -- I wanted $45k/year in 2012 dollars, for eight years from 2014 to 2021. I used the #Cruncher spreadsheet to make my shopping list. On 19 July, I bought 33 x 10-year 2014 TIPS (912828CP3, 2.000%) for $42,290, ytm -1.741% 34 x 10-year 2015 TIPS (912828EA4, 1.875%) for $43,571, ytm -1.603% ...
by Whiggish Boffin
Sun Oct 06, 2013 6:43 pm
 
Forum: Investing - Theory, News & General
Topic: How should I build a TIPS income ladder?
Replies: 30
Views: 3261

I bought a ladder using #Cruncher's spreadsheet

Browser -- This summer, I used #Cruncher's spreadsheet to make an 8-year TIPS ladder, and then bought the ladder through Vanguard. The spreadsheet made a daunting task doable, and I am grateful for #Cruncher's service. What Bobcat2 is saying is true, but #Cruncher's spreadsheet accounts for it. You ...
by Whiggish Boffin
Sun Oct 06, 2013 5:22 pm
 
Forum: Investing - Theory, News & General
Topic: How should I build a TIPS income ladder?
Replies: 30
Views: 3261

Re: How are you investing your tax refund?

Series I savings bonds, paper-format, almost as much as the law allows.
by Whiggish Boffin
Sat Jan 19, 2013 1:58 am
 
Forum: Investing - Theory, News & General
Topic: How are you investing your tax refund?
Replies: 51
Views: 2382

Re: Are you rebalancing now?

I haven't hit my rebalancing bands since October 2011, though I've gotten close a few times, so -- no, I'm not rebalancing now.
by Whiggish Boffin
Tue Jan 01, 2013 12:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Are you rebalancing now?
Replies: 22
Views: 1929

Re: Resume guitar

Leonard -- If you limit yourself to just one of Baker or Greene, I'd say get Greene. I got Baker's books in the early '70s, when they were all there was on jazz guitar. Baker is pretty strict with drills and reguar practice, which are good for you. What theory you get from Baker comes largely from h...
by Whiggish Boffin
Sun Dec 30, 2012 9:22 pm
 
Forum: Personal Consumer Issues
Topic: Resume guitar
Replies: 21
Views: 1940

Re: Resume guitar

If you're secure with changing chords without stopping, playing while singing, reading music a bit -- these books will stretch you some: Mickey Baker's Jazz Guitar Lesson 1 is fingerings for fifty weird altered chords that you can move up and down the neck. Then, chord progressions. Then, arpeggios ...
by Whiggish Boffin
Sat Dec 29, 2012 12:12 am
 
Forum: Personal Consumer Issues
Topic: Resume guitar
Replies: 21
Views: 1940

Re: Bonds or no Bonds?

Bonds. I-Bonds. You want to invest $30k in a 70/30 allocation. 30% of $30k is $9k, which is below the $10k annual purchase limit for Series I savings bonds. They're perfectly good bonds. They're secured by the full faith & credit of your rich uncle. Interest is better than TIPS and guaranteed to...
by Whiggish Boffin
Fri Dec 21, 2012 9:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bonds or no Bonds?
Replies: 5
Views: 663

Re: Fess up, Bogleheads - what is your portfolio?

Swensen's Unconventional Success allocation: 30% Total US Stock, 15% Total Int'l Stock, 5% Emerging Market Stock, 20% US REIT, 10% Short Treasuries, 5% Long Treasuries, 15% TIPS. I'm 60. I have ~ 8 years' pay in the nest egg. I'm almost persuaded to go Bodie (TIPS ladder, delayed Social Security, in...
by Whiggish Boffin
Sun Nov 11, 2012 10:42 am
 
Forum: Investing - Theory, News & General
Topic: Fess up, Bogleheads - what is your portfolio?
Replies: 78
Views: 6944

Re: Poll: How big is your emergency fund?

I had about six month's survival money in savings accounts, and was shifting it into Series I bonds. Then one day I turned 59-1/2, and my entire nest egg was accessible for emergencies.
by Whiggish Boffin
Wed Sep 26, 2012 1:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll: How big is your emergency fund?
Replies: 51
Views: 4791

Re: Do You Invest in Vanguard Treasury Bond Funds?

I set up a pure Swensen allocation in 2007. That puts 15% of my nest egg in TIPS and 15% in nominal Treasury bonds. I'm not convinced it's best, but unless I see evidence that it's not, I'll stick with it. (I stuck through 2008-9, rebalancing into REITs and then stocks, and it was pretty scary, but ...
by Whiggish Boffin
Wed Sep 26, 2012 1:30 am
 
Forum: Investing - Theory, News & General
Topic: Do You Invest in Vanguard Treasury Bond Funds?
Replies: 29
Views: 2593

Re: Most underrated band of all time [that you listen to]?

Hippie music and power pop, from one-hit wonders that did rather more of merit than that one hit. It's a Beautiful Day [White Bird, live, 1971] (long violin jam) The Incredible String Band [A Very Cellular Song (13 min) 1969?] (two guys who wrote trippy lyrics, played 43 different obscure instrument...
by Whiggish Boffin
Thu Sep 13, 2012 11:51 pm
 
Forum: Personal Consumer Issues
Topic: Most underrated band of all time [that you listen to]?
Replies: 342
Views: 13182

Re: RIP Ray Bradbury

At 15, I was angry when the token science-fiction story in the English Lit anthology was not Heinlein, Sturgeon, or Clarke, but Bradbury's The Golden Apples of the Sun . A spaceship flies by the Sun to dip a ladle into it to find out what it's made of, and the Captain has to fix the air conditioner,...
by Whiggish Boffin
Thu Jun 07, 2012 10:23 pm
 
Forum: Personal Consumer Issues
Topic: RIP Ray Bradbury
Replies: 42
Views: 2332

Re: I had a meeting with David Swensen tonight!

Please tell him he has lots of Boglehead fans, and ask if he'd come to Bogleheads 12 in 2013? (I realize he's pretty busy, but it's not far away...)
by Whiggish Boffin
Sat May 26, 2012 1:35 pm
 
Forum: Investing - Theory, News & General
Topic: I had a meeting with David Swensen tonight!
Replies: 38
Views: 5490

Re: I had a meeting with David Swensen tonight!

Could we get him to come to Bogleheads 11? Or 12? He has lots of fans who'd love to met him.
by Whiggish Boffin
Sun Apr 22, 2012 10:46 pm
 
Forum: Investing - Theory, News & General
Topic: I had a meeting with David Swensen tonight!
Replies: 38
Views: 5490

Re: Where do we bogleheads Splurge?!

An oscilloscope, arb generator, and power supply of my very own. (Next year, maybe...)
by Whiggish Boffin
Sat Apr 14, 2012 7:40 pm
 
Forum: Personal Consumer Issues
Topic: Where do we bogleheads Splurge?!
Replies: 138
Views: 8735

Re: How to invest 1,050,000

Malkiel's A Random Walk Down Wall Street , 2007 edition, pp. 253-255, lists dividend stocks as a near-miss attempt at outguessing the market. He refers to studies by Fama & French, and by Campbell & Schiller, saying that when you purchase stocks during high-dividend periods, they return high...
by Whiggish Boffin
Mon Apr 02, 2012 1:20 am
 
Forum: Investing - Help with Personal Investments
Topic: How to invest 1,050,000
Replies: 29
Views: 3234

Re: [POLL] How many miles on your car?

1994 Miata, bought in 2001 w/ 12k miles, now 141k.
by Whiggish Boffin
Fri Mar 30, 2012 8:51 pm
 
Forum: Personal Consumer Issues
Topic: [POLL] How many miles on your car?
Replies: 141
Views: 6249

Re: Poll: Have you read the Instructions for Form 1040?

Not cover-to-cover, but the parts that apply to me (or my Dad).
by Whiggish Boffin
Sun Mar 25, 2012 7:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Have you read the Instructions for Form 1040?
Replies: 22
Views: 970

Re: Investment Planning

Prof1 -- No, the Bogleheads do not recommend any specific stocks or sectors. We think you should buy them all, in proportion to their weight in the market. That's what an index fund lets you do with a single purchase. This is because there are thousands of smart people in the market, buying and sell...
by Whiggish Boffin
Sun Mar 25, 2012 4:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment Planning
Replies: 7
Views: 477

Re: Do I have to be strict with asset allocation?

If y = f(x) is a smooth function of x, then at the maximum value of y ( ymax = f(xmax) ), the slope of f(x) will be zero. That means, you can change x (your allocation) quite a bit from xmax. and y (your risk or return) will stay pretty close to ymax. Besides, xmax and ymax are known impreciseley, a...
by Whiggish Boffin
Fri Mar 23, 2012 1:57 pm
 
Forum: Investing - Theory, News & General
Topic: Do I have to be strict with asset allocation?
Replies: 19
Views: 1268

Re: Anyone already received paper I-Bonds from Tax Refund?

I e-filed using TurboTax on 29 Feb., and got a sheaf of Series I bonds on 16 Mar. (Prevously I've bought only Einsteins. This refund included Einsteins, Marshalls, Josephs, and a whole bunch of Kellers.) I didn't use TFB's procedure involving pre-payment with Form 4868. I just had a big refund comin...
by Whiggish Boffin
Wed Mar 21, 2012 10:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anyone already received paper I-Bonds from Tax Refund?
Replies: 46
Views: 3285

Re: Want recommendations for "Options 101"

This looks kinda like Options for Smarties: Mathematics for Finance: An Introduction to Financial Engineering 2/e , Marek Capinski & Tomasz Zastawniak, Springer 2010 I've had it in my to-read-someday pile for a while. Looks like it goes bangety-bang through the mathematics (less than 300 pages, ...
by Whiggish Boffin
Sat Mar 17, 2012 2:46 am
 
Forum: Investing - Theory, News & General
Topic: Want recommendations for "Options 101"
Replies: 13
Views: 599

Re: Russel 3000 vs Vanguard Total Stock Market

The Russell 3000 index is the 3000 largest-capitalization US stocks, covering 98% of the US market. Vanguard Total Stock Market tracks the Morgan Stanley Capital Int'l (MSCI) US Broad Market index . This combines the MSCI 2500 index with the MSCI MicroCap index, covering 99.5% of the US market. The ...
by Whiggish Boffin
Fri Mar 16, 2012 8:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Russel 3000 vs Vanguard Total Stock Market
Replies: 5
Views: 703

Re: Ultra Wealthy Spending Habits

Here's the 2008 Barron's article Are You Rich? . It doesn't even consider $10M of investible assets as rich; that gives you a good working-class income (surgeon or senior law partner) without all the hours at the workshop. Beer & pretzels rich is $25-50M; wine & cheese rich is $50-500M; cham...
by Whiggish Boffin
Wed Mar 14, 2012 9:09 pm
 
Forum: Personal Consumer Issues
Topic: Ultra Wealthy Spending Habits
Replies: 9
Views: 1738

Re: No more "oops" emoticon?

First, they came for the "shame" icon, and I did not speak out -- for I have no shame. Then, they came for the :sharebeer icon, and I did not speak out -- because I am indishputably sober. Then, they came for the :confused icon, and I did not speak out -- because I know it all. Then, they ...
by Whiggish Boffin
Wed Mar 14, 2012 8:39 pm
 
Forum: Forum Issues and Administration
Topic: No more "oops" emoticon?
Replies: 31
Views: 2414

Re: The new iPad

SSSS wrote" I'm always surprised when encountering people who don't inherently understand the difference between "y'all", "all y'all", "y'all all", and "y'alls". They are very different concepts. The English language needs a good, distinct, monosyllabic s...
by Whiggish Boffin
Mon Mar 12, 2012 2:17 am
 
Forum: Personal Consumer Issues
Topic: The new iPad
Replies: 107
Views: 8968

Re: BOGLEHEADS 11 ANNUAL MEETING ANNOUNCEMENT

I'll be there. My first was #10. I had good conversations with Wm. Bernstein, Alan Roth, Mike Piper, Rick Ferri, Lauren Vignec, Alex Frakt, grabiner, bobcat2, VictoriaF, and others who've slipped my mind. It was pleasant to put faces to names. I sat at Mr. Bogle's table once, but I couldn't slip a w...
by Whiggish Boffin
Sun Mar 11, 2012 11:41 pm
 
Forum: Investing - Theory, News & General
Topic: BOGLEHEADS 11 ANNUAL MEETING ANNOUNCEMENT
Replies: 134
Views: 36801

Re: The Ivy Portfolio

Bobcat2 -- I can't be entirely an autodidact, because you've taught me a lot (for which I thank you). (I was half-expecting you to take umbrage at the appellations of heretic / reformer.) Anyway, def. 2 of acolyte is "a devoted follower", and I think it fits. You have labored seriously to ...
by Whiggish Boffin
Sun Mar 11, 2012 10:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: The Ivy Portfolio
Replies: 19
Views: 3408

Re: The Ivy Portfolio

I haven't read The Ivy Portfolio , but I took David Swensen's Unconventional Success to heart. Swensen said (paraphrasing) that he wanted to tell small investors how to invest like he invests the Yale endowment. He quickly realized that he couldn't, because we can't. Our chump change will not motiva...
by Whiggish Boffin
Sat Mar 10, 2012 3:41 am
 
Forum: Investing - Help with Personal Investments
Topic: The Ivy Portfolio
Replies: 19
Views: 3408
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