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Re: Dave Ramsey still defending 12% and still angry at "nerd

We all are, avalpert. If you want to look at it that way. Or you could be understanding. The proper response to Helicopter Father is "[cheek smooch] You don't have to worry about me, Dad, I love that you care so much, but you taught me everything I know. That means you can trust me, right? I h...
by avalpert
Sun Aug 10, 2014 7:14 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: Dave Ramsey still defending 12% and still angry at "nerd

You see through a very dark lens, sir. If you didn't laugh at Sergeant Ramsey bellowing, "When I get finished with you, you're going to snort lightning and poop thunder!", then you might be humorless. The human condition is hopeless... but not serious. Mr. Ramsey frees the slaves. That's ...
by avalpert
Sun Aug 10, 2014 5:52 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: Dave Ramsey still defending 12% and still angry at "nerd

You won't consider my alternate hypothesis? After all, it does fit the observed facts better than yours. Your alternative hypothesis doesn't describe a very good person - my response accepted your description of why he chooses to double down on a lie, attack those who point out the truth to him and...
by avalpert
Sun Aug 10, 2014 5:29 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: Dave Ramsey still defending 12% and still angry at "nerd

Some posters seem to think that Ramsey is a very bad person. Very Bad People damage the people around them. Ramsey helps the people around him. The Very Bad Person hypothesis is weak. Consider an alternate: Dave Ramsey as Helicopter Father. Helicopter Father sowed lots of wild oats in the past and ...
by avalpert
Sun Aug 10, 2014 4:47 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: Dave Ramsey still defending 12% and still angry at "nerd

IMO, without the DR, SO, EdJones, AGEdwards,W&R, AL Williams, in this world, a lot of people middle income and low income would never get financial literacy. Given what they are being told from Ramsey it is certainly arguable that they will still never attain financial literacy. You would think...
by avalpert
Sun Aug 10, 2014 2:54 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: Tropical vacation next winter with infant-where?

If you want to go a bit further afield I would suggest South Africa - plenty of options there, lots of family-friendly accommodations including many self-catering places which give you more flexibility on meal times. South Africa is a great suggestion, I have actually lived there for a summer. My w...
by avalpert
Sun Aug 10, 2014 11:44 am
 
Forum: Personal Consumer Issues
Topic: Tropical vacation next winter with infant-where?
Replies: 40
Views: 2754

Re: Dave Ramsey still defending 12% and still angry at "nerd

Nope. Being risk manager at a bank is a numbers game. Nerds rule. Changing a person from a failure into a success ain't no numbers game. Sergeant Ramsey rules. Nope, investment advice is a numbers game. Sergeant Ramsey is happy to send others on a suicide mission so long as he profits in the proces...
by avalpert
Sun Aug 10, 2014 11:38 am
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: Dave Ramsey still defending 12% and still angry at "nerd

Nope. Being risk manager at a bank is a numbers game. Nerds rule. Changing a person from a failure into a success ain't no numbers game. Sergeant Ramsey rules. Nope, investment advice is a numbers game. Sergeant Ramsey is happy to send others on a suicide mission so long as he profits in the process.
by avalpert
Sun Aug 10, 2014 12:59 am
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: Dave Ramsey still defending 12% and still angry at "nerd

Thanks Crimsontide. :D I can add to it. Consider this imaginary exchange: SERGEANT: Never have I seen such a sorry recruit. You're a loser and a maggot. NERD: He's wrong and I can prove it. A maggot is an immature form of the insect known as - RECRUIT: Shut up! I am too a maggot! Go on, Sarge, tell...
by avalpert
Sun Aug 10, 2014 12:30 am
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: Dave Ramsey still defending 12% and still angry at "nerd

Yeah, we all know how lovely it would be to have a "happy team" full of nice people who don't have agendas or personal flaws. Maybe I'll be on one of those teams in heaven or something. "High school drama" was good preparation for life. I've worked on many 'happy team's nobody e...
by avalpert
Sat Aug 09, 2014 8:49 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: Tropical vacation next winter with infant-where?

Sounds like torture to me. Nothing to add because you don't want to hear it, Godspeed! Full disclosure: We would consider leaving him with family if that were an option, but it is not. Nah, bring the kid. There's never a wrong time to travel. Just don't try to go so far if you don't have to. It's i...
by avalpert
Sat Aug 09, 2014 8:39 pm
 
Forum: Personal Consumer Issues
Topic: Tropical vacation next winter with infant-where?
Replies: 40
Views: 2754

Re: Dave Ramsey still defending 12% and still angry at "nerd

Give people credit for what they're good at. Ramsey is good at leading, and he leads people where they need to go. Will your math do that? And give the blame for what they are bad at - Ramsey is bad at correcting his mistakes even when they are obvious and pointed out to him. He would rather lead p...
by avalpert
Sat Aug 09, 2014 5:25 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: Dave Ramsey still defending 12% and still angry at "nerd

Give people credit for what they're good at. Ramsey is good at leading, and he leads people where they need to go. Will your math do that? And give the blame for what they are bad at - Ramsey is bad at correcting his mistakes even when they are obvious and pointed out to him. He would rather lead p...
by avalpert
Fri Aug 08, 2014 10:58 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: Dave Ramsey still defending 12% and still angry at "nerd

I would, however, still like to know if Dave's 12% investment promise or 8% withdrawal rate has actually resulted in real harm to any substantial number of persons. Has it? What does it matter whether it has or has not - does the fact that everyone has ignored that bit of bad advice make it ok for ...
by avalpert
Fri Aug 08, 2014 10:07 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: Dave Ramsey still defending 12% and still angry at "nerd

fourwedge wrote: Dave also teaches to understand investing before you do it.

You'd think then he would care to help you understand it instead of arrogantly doubling down on his obvious misunderstandings that he continues to trumpet as if they are true.
by avalpert
Fri Aug 08, 2014 10:01 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: Dave Ramsey still defending 12% and still angry at "nerd

This seems like a veiled attempt at targeting issues related to religion or politics...not seeing the same disdain for the dozens of other financial gurus. Please, then you aren't looking - at all. This forum is full of disdain for financial hacks (i mean gurus...) regardless of politics and religio
by avalpert
Fri Aug 08, 2014 10:00 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: U.S. stocks in freefall

Lots of Bogleheads seem to simultaneously hold the following contradictory views: (1) You can't time the market. (2) When stocks fall, it's a great time to buy. +1 I think there is a subtle difference between "time the market" phrase, which means predicting the up and down of the market, ...
by avalpert
Fri Aug 08, 2014 10:00 am
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 802
Views: 135285

Re: U.S. stocks in freefall

The news guys are falling all over themselves this AM predicting another bad day in the market, something like "all predictors this AM are pointing to another bad day in the market" They do have a 50/50 chance of being right, about as good of odds as the weather guys :wink: I'm always ama...
by avalpert
Fri Aug 08, 2014 9:58 am
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 802
Views: 135285

Re: U.S. stocks in freefall

restandinvest wrote:Some call it a freefall, others call it a sale.

Both those people are wrong and acting rashly on either sentiment is misguided
by avalpert
Fri Aug 08, 2014 9:55 am
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 802
Views: 135285

Re: Using a credit card to buy/sell bitcoin, Make $ volatili

I can't figure out which is worse that you think their is a killing to be made in speculating on a pseudo-currency or that you think cheating on your taxes is detestably legal
by avalpert
Wed Aug 06, 2014 9:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using a credit card to buy/sell bitcoin, Make $ volatility
Replies: 7
Views: 747

Re: What is your most memorable 1 week vacation?

Unless I skipped over it, I think it's fascinating that no one has picked New York City, or Washington, D.C., or Boston or Chicago. I personally voted for the Northern California coastline, but I still think it's interesting that America's major cities don't seem to make the short list here. Having...
by avalpert
Wed Aug 06, 2014 8:24 pm
 
Forum: Personal Consumer Issues
Topic: What is your most memorable 1 week vacation?
Replies: 91
Views: 7606

Re: average American eats out 203 times per year

This explains why, when house-hunting, I see so many homes with tiny (useless) kitchens! Apparently, not a turnoff for many of you... That's silly - if the average person eats out 203 times a year that means they eat in 892 times a year or so. They are using their kitchen more than four times as of...
by avalpert
Wed Aug 06, 2014 10:11 am
 
Forum: Personal Consumer Issues
Topic: average American eats out 203 times per year
Replies: 105
Views: 6407

Re: Eating while travelling

It depends where you are - eating well (which does not need to mean eating fancy) is much cheaper in say Honduras than it is in Sweden. I figure out my estimated costs for a vacation ahead of time, including all aspects, and see how that fits within my overall budget.
by avalpert
Tue Aug 05, 2014 9:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Eating while travelling [Food Budget]
Replies: 26
Views: 2086

Re: Why should a portfolio get safer as one ages?

pascalwager wrote:I personally like Charles Ellis' idea to stay 100% stocks until age 70, then gradually add bonds if you think you need them...
I also keep three years living expenses in bank checking, savings, and CDs.

I agree, I'm also 100% stocks when I exclude my fixed income vehicles...
by avalpert
Tue Aug 05, 2014 8:29 pm
 
Forum: Investing - Theory, News & General
Topic: Why should a portfolio get safer as one ages?
Replies: 30
Views: 2795

Re: average American eats out 203 times per year

JonnyDVM wrote:And this is why the average American is so fat

No, it isn't. One can eat out healthily and cook unhealthily just as easily as the reverse. Scan the checkout lines at big supermarkets or walmarts and tell me if the food mix being bought suggests they are eating in better than they would eat out.
by avalpert
Tue Aug 05, 2014 1:07 pm
 
Forum: Personal Consumer Issues
Topic: average American eats out 203 times per year
Replies: 105
Views: 6407

Re: Footwear in Vietnam

I've done a lot of hiking in Chacos in some fairly rugged places, and the only problem I ever had was convincing skeptical leaders that I'd be OK in them. Blisters were never a problem. I prefer wearing the straps fairly loose. That way if twigs or small rocks get in you can just shake them out aga...
by avalpert
Tue Aug 05, 2014 1:02 pm
 
Forum: Personal Consumer Issues
Topic: Footwear in Vietnam
Replies: 25
Views: 2124

Re: Footwear in Vietnam

Hi everyone. Question for anyone who has spent some time in Vietnam. I'm headed there for a few weeks traveling from Saigon all the way up to Hanoi and am trying to pack as little as possible. Would I be able to get by with just a pair of sandals as my only shoes? I wear Chacos which are a heavy du...
by avalpert
Tue Aug 05, 2014 1:00 pm
 
Forum: Personal Consumer Issues
Topic: Footwear in Vietnam
Replies: 25
Views: 2124

Re: Dave Ramsey still defending 12% and still angry at "nerd

You can say this is what happened in the past, jump up and down and dance to the music of it. But when you start saying that something *should* happen a certain way in the future because of what happened and you know it *might* not...blah blah blah, so yeah perhaps do the ultimate deed to correct M...
by avalpert
Tue Aug 05, 2014 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: Dave Ramsey still defending 12% and still angry at "nerd

If Mr Ramsey brings it down from 12% to 4.5% will you be happy and non-vehement then?! Yes, that would be a more realistic rate of return to use when performing retirement planning. But it's not true, there is no reliable number, no one can know. I heard Mr Bogle hem and haw and say he expects abou...
by avalpert
Tue Aug 05, 2014 8:56 am
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22471

Re: Why should a portfolio get safer as one ages?

It's simple, for most typical people (as always, specific situations may vary) both the ability and need to take risk decrease as they age as their portfolio is closer to their goals and the impact of downward volatility is harder to recover from. As such, for them the wise course is to transition t...
by avalpert
Mon Aug 04, 2014 4:46 pm
 
Forum: Investing - Theory, News & General
Topic: Why should a portfolio get safer as one ages?
Replies: 30
Views: 2795

Re: Salary Negotiations (Base Salary vs Base + Bonus)

It doesn't seem like the highest potential for the bonus (12% on a salary 110% of current = 123%) is all that higher than a base salary of 120% current salary. In this case, unless I am missing something, I would definitely take the bird in the hand. Also, I agree with the previous poster that there...
by avalpert
Sun Aug 03, 2014 10:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiations (Base Salary vs Base + Bonus)
Replies: 7
Views: 1480

Re: Where does 4% start

...I'm using it as an example to question what is the real value of my portfolio at a market high. It's seems most people skipped what seems to be the root of your question. Well, the real value of your portfolio at any point in time is what the market says it is. A market high is only visible retr...
by avalpert
Sun Aug 03, 2014 9:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where does 4% start
Replies: 28
Views: 2920

Re: What is your most memorable 1 week vacation?

Peru. A tour through Lima, Cuzco (Macchu Picchu), and Puno in 7 days. Exhausting and very full week but totally worth it. That's really too much for a week - particularly when you throw in the altitude changes. There is no way to give the highlights of the sacred valley justice in that time let alo...
by avalpert
Sun Aug 03, 2014 8:11 pm
 
Forum: Personal Consumer Issues
Topic: What is your most memorable 1 week vacation?
Replies: 91
Views: 7606

Re: What is your most memorable 1 week vacation?

What are you interested and where are you coming from? You could spend a great week in Honduras combining scuba diving, white water rafting and mayan ruins or one in Borneo climbing a mountain and seeing Orangutan in the Jungle or one exploring the vineyards of Tuscany or hiking and fishing remote r...
by avalpert
Sat Aug 02, 2014 6:58 pm
 
Forum: Personal Consumer Issues
Topic: What is your most memorable 1 week vacation?
Replies: 91
Views: 7606

Re: Principal Residence = Poor Investment?

As stated above by above posters, 15-30 year mortgage payments stay the same, while insurance and taxes may vary. Rent goes up. Did you know rent could also go down while mortgage payments stay the same? As always, the rent/buy decision is completely situation specific and there is no one right ans...
by avalpert
Wed Jul 30, 2014 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Principal Residence = Poor Investment?
Replies: 70
Views: 5305

Re: Stocks: losing money for 20-30 years not uncommon

Your data doesn't support your title - losing money for 20-30 years has happened is not the same thing as uncommon. Worst-case scenarios aren't particularly helpful at figuring out what is common or likely. avalpert, the chart clearly shows that the majority of counties have lost money in both 20 a...
by avalpert
Wed Jul 30, 2014 1:10 pm
 
Forum: Investing - Theory, News & General
Topic: Stocks: losing money for 20-30 years not uncommon
Replies: 43
Views: 4299

Re: Principal Residence = Poor Investment?

As stated above by above posters, 15-30 year mortgage payments stay the same, while insurance and taxes may vary. Rent goes up. Did you know rent could also go down while mortgage payments stay the same? As always, the rent/buy decision is completely situation specific and there is no one right ans...
by avalpert
Wed Jul 30, 2014 12:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Principal Residence = Poor Investment?
Replies: 70
Views: 5305

Re: Stocks: losing money for 20-30 years not uncommon

Your data doesn't support your title - losing money for 20-30 years has happened is not the same thing as uncommon. Worst-case scenarios aren't particularly helpful at figuring out what is common or likely. Seems to me if you can lose money over a 30-year period out of a 112 that qualifies as "...
by avalpert
Wed Jul 30, 2014 12:36 pm
 
Forum: Investing - Theory, News & General
Topic: Stocks: losing money for 20-30 years not uncommon
Replies: 43
Views: 4299

Re: With Rates Likes These, Why Would Anyone Go for a Mortga

One of the points made by the banker pitching the product was that the prime rate hasn't moved for several years (since 2009 from this chart: http://www.moneycafe.com/personal-finance/prime-rate-history). In other words look at how well this fund performed over the last few years - you can't afford...
by avalpert
Wed Jul 30, 2014 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: With Rates Likes These, Why Would Anyone Go for a Mortgage?
Replies: 12
Views: 2868

Re: Stocks: losing money for 20-30 years not uncommon

Your data doesn't support your title - losing money for 20-30 years has happened is not the same thing as uncommon. Worst-case scenarios aren't particularly helpful at figuring out what is common or likely.
by avalpert
Wed Jul 30, 2014 11:50 am
 
Forum: Investing - Theory, News & General
Topic: Stocks: losing money for 20-30 years not uncommon
Replies: 43
Views: 4299

Re: Principal Residence = Poor Investment?

Principal residence ownership is part consumption and part poorly diversified investment in residential real estate - it might make sense as the former, it rarely makes sense apriori as the latter.
by avalpert
Tue Jul 29, 2014 9:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Principal Residence = Poor Investment?
Replies: 70
Views: 5305

Re: 529 - in-state only up to deduction amount?

Forget about the state tax deduction. You will be living with the fund you chose and its expense ratio for up to 18 years. Pick the best. A one time deduction on only the state taxes is insignificant in the big picture......Gordon I deduct the taxes from my contributions every single year in Illino...
by avalpert
Tue Jul 29, 2014 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: 529 - in-state only up to deduction amount?
Replies: 9
Views: 635

Re: Best way to reach initial allocation in a bull market?

by mhalley » Fri Jul 25, 2014 6:31 am The standard boglehead answer is that if you have a desired aa, then go ahead and jump in and buy your mutual funds/etfs. Certainly I can understand how if you have been sitting out this latest run, jumping in right now could be pretty scary. If it were me, I w...
by avalpert
Tue Jul 29, 2014 9:34 am
 
Forum: Investing - Theory, News & General
Topic: Best way to reach initial allocation in a bull market?
Replies: 28
Views: 2631

Re: "best" online booking service for hotel room?

Try skyscanner.com to search all the sites at once.
by avalpert
Sun Jul 27, 2014 9:03 pm
 
Forum: Personal Consumer Issues
Topic: "best" online booking service for hotel room?
Replies: 27
Views: 2259

Re: Calculus in determining Roth vs. Traditional?

You are making a bet on future tax rates relative to current one plain and simple. You have near perfect knowledge of your current tax rate and very little of the future tax rate - it is as good a method as any to make assumptions based on current tax law but the only thing you really know is that y...
by avalpert
Sun Jul 27, 2014 8:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Calculus in determining Roth vs. Traditional?
Replies: 8
Views: 889

Re: Factor investing - A parody

Frankly, it is the people who simultaneously can insist that Beta offers a true risk premium while also insisting none other could exist that are the silly ones. Well, I don't see you accepting the Apple risk premium. What part of the data is missing? (Before you say that small-value is a bigger co...
by avalpert
Sun Jul 27, 2014 11:36 am
 
Forum: Investing - Theory, News & General
Topic: Factor investing - A parody
Replies: 42
Views: 3178

Re: Factor investing - A parody

[Seriously - invest in what you want to, it is your own money. But don't pretend that investing in a small corner of the market is actually safer then the whole market, because the more risks that you are taking, the bigger your risk are going to be, even if they are uncorrelated. The only time whe...
by avalpert
Sun Jul 27, 2014 10:42 am
 
Forum: Investing - Theory, News & General
Topic: Factor investing - A parody
Replies: 42
Views: 3178

Re: Make Income the Outcome

Like any business decision or investment: it is all about the cash flow! Best. No, it really isn't - that is how people get duped into bad annuity type products. All investments should provide some form of cash flow. So do you exclude all stocks that don't pay dividends from your portfolio? What ab...
by avalpert
Sat Jul 26, 2014 10:57 pm
 
Forum: Investing - Theory, News & General
Topic: Make Income the Outcome
Replies: 49
Views: 3922

Re: Int'l Train Travel

You can find great train journeys all over the world so yo might want to narrow down on what else you want to do beside the train journey. Some of my favorites from my travels: The train from Winnipeg to Churchill in Manitoba - saw the Northern Lights from the train, and saw plenty of Polar Bears ne...
by avalpert
Sat Jul 26, 2014 9:30 pm
 
Forum: Personal Consumer Issues
Topic: Int'l Train Travel
Replies: 28
Views: 1591

Re: Make Income the Outcome

abuss368 wrote:Like any business decision or investment: it is all about the cash flow!

Best.

No, it really isn't - that is how people get duped into bad annuity type products.
by avalpert
Sat Jul 26, 2014 6:01 pm
 
Forum: Investing - Theory, News & General
Topic: Make Income the Outcome
Replies: 49
Views: 3922
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