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Re: Bernstein: "If you've won the game, stop playing."

If you've won the game... by definition it's over. How can you keep playing? I equate "winning the game" to having secured a reliable (i.e. not risky) source of "enough" income, or at least having a large enough portfolio to do so. I equate "playing the game" to having...
by bertilak
Sat Apr 18, 2015 10:39 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 78
Views: 7470

Re: What Book Are You Currently Reading? Part VI

The Wonderful Wizard of Oz , L. Frank Baum, 1900. Saw the movie (who hasn't?) several times but never read the book. Turns out the book is quite charming. Only about quarter of the way through it so far. The book reads smoothly and naturally without the language seeming to be an artifact of the tim...
by bertilak
Sat Apr 18, 2015 2:56 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 635
Views: 88726

Re: Favorite Boglehead Avatar?

"You're looking hale and hearty, little buddy!" I played the original Sam and Max - fun game :D For a short time I used Sam as an avatar. Not sure if that was here. I like the hat. Compare to my present avatar! I never noticed that before. I loved the game too. Went to the trouble of inst...
by bertilak
Sat Apr 18, 2015 7:33 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4549

Re: Abbreviation: "OP"[? = "Original Poster"]

nisiprius wrote:FUNEM? VFM. FUNEX? VFX. OKMNX.

IDK
by bertilak
Fri Apr 17, 2015 7:17 pm
 
Forum: Forum Issues and Administration
Topic: Abbreviation: "OP"[? = "Original Poster"]
Replies: 14
Views: 1124

Re: Home stereo system conversion to digital

Ah. I thought you were gonna give up your tube equipment! In that sense I "went digital" a long time ago.
by bertilak
Fri Apr 17, 2015 6:32 pm
 
Forum: Personal Consumer Issues
Topic: Home stereo system conversion to digital
Replies: 26
Views: 1607

Re: My job says I can't work for anyone else...

In my non-medical profession I had a similar situation. I was allowed, almost encouraged, to take a part-time, after-hours, teaching position in the same field at a local community college. I think the company was happy to add to their positive image in the community.
by bertilak
Fri Apr 17, 2015 6:28 pm
 
Forum: Personal Consumer Issues
Topic: My job says I can't work for anyone else...
Replies: 44
Views: 4158

Re: Wellington/Wellesley in early retirement?

I held everything in W and W until I got an inheritance that needed to go into a taxable account. I didn't want a balanced fund in taxable (taxes) so now use index funds to put all equities in the taxable account and a mix of fixed income and equities in IRAs, also all in index funds. I also want Ro...
by bertilak
Fri Apr 17, 2015 10:04 am
 
Forum: Investing - Theory, News & General
Topic: Wellington/Wellesley in early retirement?
Replies: 7
Views: 1236

Re: Bernstein: "If you've won the game, stop playing."

Perhaps this is the naivete of youth, but couldn't it be argued that if you've accumulated enough that you don't need the growth of stocks that you actually played the game too long? Why not say "once the game has been won by accumulating enough safe assets, put it all in FDIC insured bank acc...
by bertilak
Fri Apr 17, 2015 9:37 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 78
Views: 7470

Re: Do growth of 10k charts include fees? Found conflicting

Growth charts can't account for fees that are different for different people. Anyway, those are fees you have control over. You can chose TO or NOT to use a 2% AUM investment advisor. The growth chart can't account for that, but you can. There are some fuzzy areas -- for example a fund may have a lo...
by bertilak
Fri Apr 17, 2015 9:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Do growth of 10k charts include fees? Found conflicting info
Replies: 12
Views: 806

Re: Favorite Boglehead Avatar?

I found bertilak's previous avatar with the Rabbit like creature very fascinating. Like it was calling me. http://i57.tinypic.com/2mw55pi.jpg That's Max from the Sam & Max comics , excuse me, make that "graphic novels!". They're "Freelance Police." Credit to Steve Purcell. H...
by bertilak
Thu Apr 16, 2015 10:37 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4549

Re: Favorite Boglehead Avatar?

Lets be friends!
Image
by bertilak
Thu Apr 16, 2015 3:26 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4549

Re: Favorite Boglehead Avatar?

Haha... ok, so yes, her name is englishgirl, since she posted just above my post. Englishgirl's avatar http://i62.tinypic.com/2sage3a.jpg always reminds me of http://static.tvtropes.org/pmwiki/pub/images/Hello_Kitty_Pink_2981.jpg and that's why I like it! It also makes me think Englishgirl must be ...
by bertilak
Thu Apr 16, 2015 12:33 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4549

Re: Favorite Boglehead Avatar?

Haha... ok, so yes, her name is englishgirl, since she posted just above my post. Englishgirl's avatar http://i62.tinypic.com/2sage3a.jpg always reminds me of http://static.tvtropes.org/pmwiki/pub/images/Hello_Kitty_Pink_2981.jpg and that's why I like it! It also makes me think Englishgirl must be ...
by bertilak
Thu Apr 16, 2015 12:25 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4549

Re: Favorite Boglehead Avatar?

Sorry to be late with an answer about my avatar, but wabisabi provided the answer.

About that mobster guess -- I think HL would have liked that guess.
by bertilak
Wed Apr 15, 2015 7:15 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Favorite Boglehead Avatar?
Replies: 87
Views: 4549

Re: Count Pension + SS as part of the Bond portion of AA?

No, because they are not bonds. "Income" and "assets" are not the same thing. I agree they are not the same thing. A globe and a map are not the same thing however they are simply different projections of the same object. A lake behind a dam can be viewed as an "asset"...
by bertilak
Wed Apr 15, 2015 7:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Count Pension + SS as part of the Bond portion of AA?
Replies: 31
Views: 2083

Re: Why not rebalance with reinvested dividends?

I'm not sure you can do that. Normally dividends/CG are reinvested in the same fund or goes to cash. In a Vanguard mutual fund account you can certainly direct dividends to be invested in another fund. I don't think it makes much sense to send fund A dividends to fund B and vice-versa though. A bet...
by bertilak
Wed Apr 15, 2015 6:37 pm
 
Forum: Investing - Theory, News & General
Topic: Why not rebalance with reinvested dividends?
Replies: 11
Views: 1683

Re: Count Pension + SS as part of the Bond portion of AA?

I agree with those who say "don't do it." Next you will be tempted to count expenses as negative bonds! Sure, using some form of NPV calculation will get you numbers, positive and/or negative, but but to the extent you disguise one thing (cash flow) as another (value) you make your plannin...
by bertilak
Wed Apr 15, 2015 6:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Count Pension + SS as part of the Bond portion of AA?
Replies: 31
Views: 2083

Re: AA beyond achievement of your "number"

:?: Except, maybe not. We have one child went to college, one did not. So, there is a special account with the non-graduate as sole beneficiary that contains what we might have spent had he gone to college. Seems there is always one deeper level of complexity! :happy In this case you could probably...
by bertilak
Sun Apr 12, 2015 10:46 am
 
Forum: Investing - Theory, News & General
Topic: AA beyond achievement of your "number"
Replies: 22
Views: 2207

Re: AA beyond achievement of your "number"

I used the term "liability matching" rather loosely because for a lot of people that means covering your expected needs in the safest/most conservative way possible, and investing the excess potentially in a more aggressive manner. I don't see any looseness or contradiction of terminology...
by bertilak
Sun Apr 12, 2015 10:00 am
 
Forum: Investing - Theory, News & General
Topic: AA beyond achievement of your "number"
Replies: 22
Views: 2207

Re: Jane Bryant Quinn: Prepay your mortgage

Towards the end of the article is the following paragraph: Before you start a prepayment plan, however, consider what else you might do with that money. Top of my list would be paying off consumer debt and raising your contributions to a tax-deferred retirement plan. Both actions bolster your financ...
by bertilak
Sun Apr 12, 2015 9:35 am
 
Forum: Investing - Theory, News & General
Topic: Jane Bryant Quinn: Prepay your mortgage
Replies: 31
Views: 3662

Re: Indicator of a bad advisor?

My first hint that my 1.25% AUM advisor was doing a bad job was that he had me in a hodgepodge mix of various funds, etfs, stocks, an annuity (market indexed with about three riders added on) and could not tell me what the overall strategy was, despite asking several times. The most he could say was...
by bertilak
Sun Apr 12, 2015 9:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Indicator of a bad advisor?
Replies: 13
Views: 1649

Re: Would you use your neighbor's son for yard service?

Heck, when I was 15, living the "Leave it to Beaver" life in the suburbs, I don't think a "real" lawn service company could have stayed in business, there were so many teenagers looking for spending cash. Babysitting was the easy money for the younger crowd. Fifty cents an hour, ...
by bertilak
Sat Apr 11, 2015 7:04 am
 
Forum: Personal Consumer Issues
Topic: Would you use your neighbor's son for yard service?
Replies: 33
Views: 2142

Re: One percent can mean a lot... (article)

Twins Fan wrote:I like to save by keeping expense ratios low also. Why isn't that mentioned? :wink: :happy

It is: "Spend less on little things." :happy

Note that he mentions saving $600 per year on coffee. Well saving 1% on $50,000 is even littler: $500.
by bertilak
Fri Apr 10, 2015 5:40 pm
 
Forum: Investing - Theory, News & General
Topic: One percent can mean a lot... (article)
Replies: 7
Views: 1919

Re: How smart are thermostats?

I'm leaning towards this "dumb", non-wifi programmable thermostat. Does anyone own this one - http://www.amazon.com/Lux-TX9600TS-Universal-Programmable-Thermostat/dp/B0044UYVFW/ref=sr_1_1?ie=UTF8&qid=1428686533&sr=8-1&keywords=lux+tx9600ts I may even go with a basic $31 one - ...
by bertilak
Fri Apr 10, 2015 12:39 pm
 
Forum: Personal Consumer Issues
Topic: How smart are thermostats?
Replies: 43
Views: 2971

Re: Legal question[How do I file a claim in small claims cou

May I suggest getting professional legal assistance? That is unlikely to be cost effective on a $2000 claim. I sued a business in small clams court in NY State, many years ago. The court was not fussy about legalese a layman might not be expected to have a firm grasp on. That's pretty much the purp...
by bertilak
Fri Apr 10, 2015 12:28 pm
 
Forum: Personal Consumer Issues
Topic: Legal question[How do I file a claim in small claims court?]
Replies: 23
Views: 1042

Re: Poll: What is the credit limit of your credit card?

The irritating thing is that utilization ratio is not based on unpaid balance at the end of the month (which would be zero every month in my case), it's based on your balance on whatever day they choose to provide it. They don't tell you what number they use for a given month so you have no way of ...
by bertilak
Fri Apr 10, 2015 12:01 pm
 
Forum: Personal Consumer Issues
Topic: Poll: What is the credit limit of your credit card?
Replies: 56
Views: 3399

Re: How smart are thermostats?

I would never want a learning feature because I like my temp to go up 10-20 min before my alarm goes off. This means I need to program the thermostat instead of having it learn what I want. If they can sync the thermostat with my alarm clock and create a rule to turn it on early then that's somethi...
by bertilak
Thu Apr 09, 2015 6:54 pm
 
Forum: Personal Consumer Issues
Topic: How smart are thermostats?
Replies: 43
Views: 2971

Re: Mailing tax returns

So it is really not worth taking chances with an amended return unless it is filed way before the statute of limitations deadline. I had to file an amended return this year. (Stupid brokerage sent me TWO updated 1099s, one two weeks after the original 1099 and another two weeks later again.) H&...
by bertilak
Thu Apr 09, 2015 6:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mailing tax returns
Replies: 54
Views: 3359

Re: Withdrawing from balanced funds when stocks are down

Firecalc I believe assumes that you make withdrawals from your portfolio each month in the same proportion as the current stock/bond ratio in the whole portfolio at the time of withdrawal. So a regular drawdown from a balanced fund should be doing exactly the same thing. It could get a little more ...
by bertilak
Thu Apr 09, 2015 6:15 am
 
Forum: Investing - Theory, News & General
Topic: Withdrawing from balanced funds when stocks are down
Replies: 30
Views: 1632

Re: IRA or Taxable?

Do I stash the 1K into an IRA and let it sit until I pick up a part time job while in school (waiting to feel out school workload before working right now) or do I stick to a taxable and contribute monthly....and down the road once I graduate open an IRA? You can do both. First, grab $1K of IRA spa...
by bertilak
Wed Apr 08, 2015 9:52 am
 
Forum: Investing - Help with Personal Investments
Topic: IRA or Taxable?
Replies: 7
Views: 774

Re: anyone have experience with water softeners?

-"Water softeners can't drain into septic systems" = possibly a myth; at very least, a questionably-substantiated claim. This possible myth may be related to the fact that, ideally, there should be an air gap or some sort of backflow prevention in place on your softener drain such that, i...
by bertilak
Tue Apr 07, 2015 11:17 am
 
Forum: Personal Consumer Issues
Topic: anyone have experience with water softeners?
Replies: 41
Views: 1754

Re: anyone have experience with water softeners?

We don't need a softener where we live now but had a Kinetico system at a previous home and really liked it. It was completely water powered, no electrical hookups required. And it had two tanks so one could be softening water while the other was recharging. It was more expensive because of the dou...
by bertilak
Tue Apr 07, 2015 9:08 am
 
Forum: Personal Consumer Issues
Topic: anyone have experience with water softeners?
Replies: 41
Views: 1754

Re: anyone have experience with water softeners?

lthenderson wrote:If you have PEX or copper, you need some more specialized skill sets ...

And, with PEX, some specialized tools. For example: http://www.amazon.com/s/?field-keywords=pex+tool
by bertilak
Tue Apr 07, 2015 8:26 am
 
Forum: Personal Consumer Issues
Topic: anyone have experience with water softeners?
Replies: 41
Views: 1754

Re: anyone have experience with water softeners?

When folks have their tanks changed, they probably don't even have a Salt reservoir or charging system. The service people just bring in a freshly charged tank. Is that a common practice? I can see how it might help in cases where people have nowhere to direct the discharge from the regeneration pr...
by bertilak
Mon Apr 06, 2015 2:41 pm
 
Forum: Personal Consumer Issues
Topic: anyone have experience with water softeners?
Replies: 41
Views: 1754

Re: Tankless Hot Water Heaters

... sink water still does not heat even after several minutes of running. Does this sound like a flow rate issue since the water heater turns on for the showers? Assuming the sinks are fed from the same hot-water line there is no way it can be a problem with the heater itself. The heater doesn't kn...
by bertilak
Mon Apr 06, 2015 12:16 pm
 
Forum: Personal Consumer Issues
Topic: Tankless Hot Water Heaters
Replies: 33
Views: 3194

Re: anyone have experience with water softeners?

I went with Culligan. I had enough things to think about while having my house built so didn't want to invest much time and energy in evaluating all the various types of water softeners. I'm pretty sure some of them are over-priced (semi?) scams so considered it a risk I'd end up with something no g...
by bertilak
Mon Apr 06, 2015 12:07 pm
 
Forum: Personal Consumer Issues
Topic: anyone have experience with water softeners?
Replies: 41
Views: 1754

Re: replicating AA in each account (or not)

Yes, but if you are a smart BH, you'll notice the suit has been worn during it's lost and wandering time and you'll just take the money instead. So you are probably right that you won't win the lottery. You have reminded me of a valuable lesson: if you find a $20 bill on the ground, pick it up, but...
by bertilak
Sun Apr 05, 2015 4:51 pm
 
Forum: Investing - Theory, News & General
Topic: replicating AA in each account (or not)
Replies: 20
Views: 793

Re: replicating AA in each account (or not)

Since I don't buy lottery tickets this is not likely to be a concern. :happy It could happen. You could drop your suit off at the cleaners and it could get lost and you could go to small claims court and win a judgement and the suit could be found....with a lottery ticket in the pocket. Hadn't thou...
by bertilak
Sun Apr 05, 2015 4:33 pm
 
Forum: Investing - Theory, News & General
Topic: replicating AA in each account (or not)
Replies: 20
Views: 793

Re: replicating AA in each account (or not)

Here is my setup: Taxable Account: 100% equities because they are the most tax efficient. I have no REITs other than what's in TSM, but if I did I would not put them here but in the Roth. Roth IRA: Also 100% equities because equities have the most growth potential and because the Roth is the account...
by bertilak
Sun Apr 05, 2015 4:23 pm
 
Forum: Investing - Theory, News & General
Topic: replicating AA in each account (or not)
Replies: 20
Views: 793

Re: Why Vanguard Why?

However, a few years ago I started hitting rejections from one bureau. I can't remember which one. I called in and the phone person knew about the problem and led me through a dance to get through the system satisfactorily. I have seen reports of this problem in other contexts where credit bureaus ...
by bertilak
Sun Apr 05, 2015 7:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Why Vanguard Why? [Problems opening new account]
Replies: 85
Views: 6801

Re: Buy riding mower or hire service to cut grass?

I don't like to do my own mowing because it is hard work, time consuming, miserable in our 100-degree summers, and boring but that is only part of it ... ... ⋅ Keeping the mower in gas and oil is a bother: trips to gas station with smelly gas can in trunk, getting oil in a re-closable cont...
by bertilak
Sat Apr 04, 2015 6:45 pm
 
Forum: Personal Consumer Issues
Topic: Buy riding mower or hire service to cut grass?
Replies: 56
Views: 3917

Re: Central Structured Wiring Cable Box Necessary?

This may be a bit irrelevant question but I'm trying to move my modem into one of the rooms in the center of my house and the modem doesn't work in there when I plug in the coax cable, only in the original room that the ISP installed it in. This current house does have structured wiring. The origin...
by bertilak
Sat Apr 04, 2015 12:16 pm
 
Forum: Personal Consumer Issues
Topic: Central Structured Wiring Cable Box Necessary?
Replies: 14
Views: 956

Re: Amazon.com Goes Retro (1999) for April Fool's

My account shows earliest order as: http://i61.tinypic.com/2wmquxd.png $24.92 - $20.97 = $3.95 shipping. No taxes then. No Prime membership either. This order was probably done with Netscape under SuSE Linux because back then that was what I was working on. At the time I ordered many Linux and progr...
by bertilak
Thu Apr 02, 2015 9:02 am
 
Forum: Personal Consumer Issues
Topic: Amazon.com Goes Retro (1999) for April Fool's
Replies: 18
Views: 2244

Re: Did you learn anything from 2008?

I learned that, in a taxable account, it is actually GOOD to buy high and sell low -- as long as you IMMEDIATELY buy back into the market at about the same AA but with different stocks and bonds. It's called Tax Loss Harvesting and I didn't even know I was doing it! I did this as trustee of my paren...
by bertilak
Tue Mar 31, 2015 7:34 pm
 
Forum: Investing - Theory, News & General
Topic: Did you learn anything from 2008?
Replies: 105
Views: 8404

Re: Recurring utility bills - How do you pay?

I use all the following: ⋅ Quicken bill pay initiated by me each billing period. Credit cards, two utilities without automated payment plans. ⋅ Credit card company automatically draws minimum payment from checking account ("Plan B" in case number 1 goes wrong somehow). ...
by bertilak
Sat Mar 28, 2015 5:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recurring utility bills - How do you pay?
Replies: 43
Views: 3064

Re: lump sum and dollar cost averaging

Clearly DCA has less risk than lump-sum so it manifests as an expected decrease in returns. Sure DCA reduces risk, but only for the period over which the DCA is active. Once you are finished with the DCA process you are right where you would be, risk wise, with a lump sum investment. You are now wa...
by bertilak
Tue Mar 24, 2015 5:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: lump sum and dollar cost averaging
Replies: 95
Views: 6778

Re: External Hard Drive?

jebmke wrote:
Postmon wrote:CP maintains old copies of your files which is a critical feature in my opinion.

Yes, very import and and highly configurable with excellent defaults as shown:
Image
by bertilak
Mon Mar 23, 2015 8:28 am
 
Forum: Personal Consumer Issues
Topic: External Hard Drive?
Replies: 44
Views: 2365

Re: External Hard Drive?

Any recommended external HD's? Would a a solid state drive be an option (sorry, don't know much about them)? Thanks again, Ryan I don't think a solid state drive (SSD) is appropriate for backup. SSDs are good for speed, not capacity. They are great for increasing system boot times and overall respo...
by bertilak
Mon Mar 23, 2015 5:40 am
 
Forum: Personal Consumer Issues
Topic: External Hard Drive?
Replies: 44
Views: 2365

Re: Opened an account Vanguard yesterday, now having cold fe

I didn't read through this whole thread so I may be repeating what's already been said. In any case here is a quote from the article and my response: Q: So what should individual investors do, as a result? A: I would advise that people look at what Warren Buffett is doing. For one of his most recent...
by bertilak
Sat Mar 21, 2015 5:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opened an account Vanguard yesterday, now having cold feet
Replies: 60
Views: 3956
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