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Re: It seems Warren Buffett believes in DCA

“…If you like spending 6-8 hours per week working on investments, do it. If you don’t, then dollar-cost average into index funds. This accomplishes diversification across assets and time, two very important things…if you invested in a very low cost index fund — where you don’t put the money in at o...
by kenschmidt
Fri Aug 01, 2014 2:54 pm
 
Forum: Investing - Theory, News & General
Topic: It seems Warren Buffett believes in DCA
Replies: 26
Views: 1765

Re: Which is King: Income Stream or $ Invested

Clearly_Irrational wrote:Income stream up to my minimal acceptable lifestyle then dollars invested after that.


Good Answer!
by kenschmidt
Tue Jul 29, 2014 11:12 pm
 
Forum: Investing - Theory, News & General
Topic: Which is King: Income Stream or $ Invested
Replies: 51
Views: 4038

Re: Advice on getting a power adapter

6VDC and 1 AMP is a very common power output. The trickier part is getting the connector right. Radio Shack sells the power adapter with interchangeable connectors; if you take the device in, they can match it up for you. This has worked for me in the past when I needed to replace a power supply and...
by kenschmidt
Tue Jul 29, 2014 11:03 pm
 
Forum: Personal Consumer Issues
Topic: Advice on getting a power adapter
Replies: 13
Views: 686

Re: Was ready to pull plug on Janus..until

Looking at YTD performance isn't going to tell you a lot. I held Janus Fund back on the 90's when James Craig ran it. I remember it as being a decent fund - moderate expenses with low turnover (turnover = cost). Taking a few of the funds above: JANEX ER 0.86%, turnover 17% VMGMX ER 0.09%, turnover 6...
by kenschmidt
Tue Jul 29, 2014 5:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Was ready to pull plug on Janus..until
Replies: 66
Views: 3858

Re: Daily Telegraph: World War One Archive

It is interesting that there hasn't been more news about the 100th anniversary of the start of World War I. Part of that I think is because there was no defining moment such as a Sept. 1, 1939 or a Dec. 7, 1941. World War I did get it's start with the assassination of Archduke Ferdinand, but the war...
by kenschmidt
Tue Jul 29, 2014 10:45 am
 
Forum: Personal Consumer Issues
Topic: Daily Telegraph: World War One Archive
Replies: 16
Views: 1239

Re: Possibility of getting sued - what steps to take

You could also ask him for HIS insurance information has there is possible damage to your boat from his drunken fall... :D
by kenschmidt
Sun Jul 27, 2014 5:04 pm
 
Forum: Personal Consumer Issues
Topic: Possibility of getting sued - what steps to take
Replies: 25
Views: 3733

Re: Buying A New Car

Just a note about Truecar - I recently bought a 2014 Honda Odyssey and while Truecar got things started, I ended up getting an additional $1,400 off by working though email with 4 local dealers. I wouldn't print the Truecar certificate and march into the dealership with it.
by kenschmidt
Sun Jul 27, 2014 4:55 pm
 
Forum: Personal Consumer Issues
Topic: Buying A New Car
Replies: 7
Views: 669

Re: Afraid of Bonds

What if Russian tanks roll into Kiev and the Gasprom pipeline to Western Europe is turned off? Or the Gaza situation turns into a full blown mid-east conflict involving Iran, Egypt and Saudi Arabia? And you believe these events would increase interest rates? How does that work? Conflict = disruptio...
by kenschmidt
Sat Jul 26, 2014 4:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Afraid of Bonds
Replies: 28
Views: 2251

Re: Afraid of Bonds

Under what scenario do you expect the stock market to crash but interest rates to go up? When the stock market goes down, the demand for safe assets like Treasury bonds, goes up. That means that interest rates decrease, not increase. I think if interest rates went up quickly due to an unexpected sp...
by kenschmidt
Sat Jul 26, 2014 3:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Afraid of Bonds
Replies: 28
Views: 2251

Re: Afraid of Bonds

Under what scenario do you expect the stock market to crash but interest rates to go up? When the stock market goes down, the demand for safe assets like Treasury bonds, goes up. That means that interest rates decrease, not increase. I think if interest rates went up quickly due to an unexpected sp...
by kenschmidt
Sat Jul 26, 2014 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Afraid of Bonds
Replies: 28
Views: 2251

Re: Efficient frontier by decade

This is a purely anecdotal observation. I have been posting on this forum and it's predecessor on Morningstar for a long time. The 100% equity posts seem to become much more prevalent when the market is hitting new highs. They pretty much completely disappear when the market hits a correction or, ev...
by kenschmidt
Sat Jul 26, 2014 11:20 am
 
Forum: Investing - Theory, News & General
Topic: Efficient frontier by decade
Replies: 39
Views: 18177

Re: Public Speaking-help

Strangely, I have no trouble with impromptu speaking. This has always been my "trick". Every presentation I do is at least semi-impromptu. I have a PowerPoint presentation to guide the overall flow (and I like to use very few words and some humorous pictures mixed in), but I don't rehears...
by kenschmidt
Sat Jul 26, 2014 11:08 am
 
Forum: Personal Consumer Issues
Topic: Public Speaking-help
Replies: 75
Views: 3908

Re: Afraid of Bonds

It is true that bonds get hit when interest rates rise. The thing that often gets forgotten is that those same bonds churn out interest month after month. That interest eventually makes up the one time loss from the interest rate rise. I lived through the "bond massacre of 1994" (great cha...
by kenschmidt
Sat Jul 26, 2014 10:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Afraid of Bonds
Replies: 28
Views: 2251

Re: PNC (service charge, free checking)

Many stores such as Wal-Mart, Target, Kroger, etc., will let you use their coin counting machine for "free" if you take a voucher good for merchandise in the store. If you want cash, then they take a percentage of the total. From PNC's perspective, these services they provide for free cost...
by kenschmidt
Sat Jul 26, 2014 10:15 am
 
Forum: Personal Finance (Not Investing)
Topic: PNC (service charge, free checking)
Replies: 27
Views: 1148

Re: Whats a Better Lot in a Tract Home Neighborhood?

I would say the walkout with the wooded overlook. A retention pond is a liability when you would go to sell as it would likely be less desirable for anyone with young children or thinking of starting a family.
by kenschmidt
Fri Jul 25, 2014 7:19 pm
 
Forum: Personal Consumer Issues
Topic: Whats a Better Lot in a Tract Home Neighborhood?
Replies: 31
Views: 2195

Re: Best On-line Portfolio trackers

I use Morningstar Portfolio Tracker
by kenschmidt
Fri Jul 25, 2014 3:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best On-line Portfolio trackers
Replies: 16
Views: 1533

Re: Poll: Which Happens First - DOW > 20,000 or DOW < 14,000

The point in my mind was twofold: 1) I know the information in the article is not actionable. However, even though I know that, subconsciously I find myself speculating on the possibilities and what that would mean to my investments. I suspect many have the same reaction. Doing a poll is a much bett...
by kenschmidt
Fri Jul 25, 2014 9:35 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Which Happens First - DOW > 20,000 or DOW < 14,000?
Replies: 33
Views: 3112

Re: Can I buy insurance against bank failure?

There are a few smallish banks in Massachusetts that advertise "deposits insured in full," e.g. Marblehead Bank customers have the added comfort of knowing their funds are fully insured. The FDIC insures all deposits up to $250,000 per depositor relationship. All deposit amounts above the...
by kenschmidt
Thu Jul 24, 2014 12:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I buy insurance against bank failure?
Replies: 12
Views: 978

Re: Buying a car- 2011 Lexus IS 250 9k miles

$27k sounds like a lot for a 3 year old car. Yes, it is a Lexus and really nice, but it is a pretty small car overall. Just for comparison sake, for example, you could buy a loaded Honda Accord EX-L V-6 Coupe new for about the same money. I'd at least look at what else is available out there for $27k.
by kenschmidt
Thu Jul 24, 2014 8:55 am
 
Forum: Personal Consumer Issues
Topic: Buying a car- 2011 Lexus IS 250 9k miles
Replies: 27
Views: 2042

Re: Poll: Which Happens First - DOW > 20,000 or DOW < 14,000

Dow (neither an initialism nor an acronym) < 14,000 already happened first. If you mean from here on out, then yes, your subject line is absolutely correct. Dow > 20,000 or Dow < 14,000 will happen first. PJW Context, my good man, context! :happy http://freeknowledgenetwork.com/uploads/2/7/0/2/2702...
by kenschmidt
Wed Jul 23, 2014 7:21 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Which Happens First - DOW > 20,000 or DOW < 14,000?
Replies: 33
Views: 3112

Re: Poll: Which Happens First - DOW > 20,000 or DOW < 14,000

My vote was for < 14,000 even though I don't have any plans to do anything about it.

Oh, and 1, 6, 17 and 43a from nisiprius' list.
by kenschmidt
Wed Jul 23, 2014 5:18 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Which Happens First - DOW > 20,000 or DOW < 14,000?
Replies: 33
Views: 3112

Poll: Which Happens First - DOW > 20,000 or DOW < 14,000?

An article on Yahoo FInance - Dow 20K? Not before dumping 3,000 points - http://finance.yahoo.com/news/dow-poised-to-drop-3-000-points-115753603.html gave me a chuckle this morning. Who could possibly think they could know this? But at the same time, I have to admit in the back of my mind, I weighed...
by kenschmidt
Wed Jul 23, 2014 9:44 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Which Happens First - DOW > 20,000 or DOW < 14,000?
Replies: 33
Views: 3112

Re: How to track expenses to the penny?

What's the easiest way to track every penny i spend in easy to view categories? Get a receipt every time you buy something. Look at the receipt and, if applicable, break the receipt down into its constituent items (groceries, health items, housing items, etc). Write the total of each constituent it...
by kenschmidt
Tue Jul 22, 2014 10:19 am
 
Forum: Personal Finance (Not Investing)
Topic: How to track expenses to the penny?
Replies: 40
Views: 2670

Re: Faber: S&P 500 an Active Fund in Drag

It doesn't particularly matter whether you call it active or index. What matters is that it is low cost and low turnover. You can construct an index fund based on a bad index and calling it an index fund won't automatically make it good. When it comes to performance, it all comes down to cost. The S...
by kenschmidt
Mon Jul 21, 2014 9:30 pm
 
Forum: Investing - Theory, News & General
Topic: Faber: S&P 500 an Active Fund in Drag
Replies: 45
Views: 3533

Re: Problems accessing the site

Interesting to note I just had this exact same problem. It started Sunday; I thought maybe the site was just down; I was able to get to it from the same device (iPad) at the office at lunch so I thought everything was back to normal. But when I got home tonight, I wasn't able to get to bogleheads.or...
by kenschmidt
Mon Jul 21, 2014 8:01 pm
 
Forum: Forum Issues and Administration
Topic: Problems accessing the site
Replies: 6
Views: 493

Re: Poll - Do you use Quicken?

Similar to bertilak, I have also been using Quicken since 1991. First version I used was Quicken for DOS 4.0 I believe. I use it for tracking spending, account reconciliation, tracking investment cost basis and transactions, loan/mortgage tracking, tax record keeping, etc. I think my wife would rath...
by kenschmidt
Mon Jul 21, 2014 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll - Do you use Quicken?
Replies: 66
Views: 3294

Re: Anyone know a good coin dealer in Dayton, Ohio?

Xenia Coin / Jim Huffman is a reputable place - http://www.xeniacoin.com I agree with prudent that you might take some time to research what you have. Pre-1965 dimes, quarters, half dollars and silver dollars have value in silver content alone. Some may be more valuable as collectibles as well. eBay...
by kenschmidt
Mon Jul 21, 2014 9:50 am
 
Forum: Personal Consumer Issues
Topic: Anyone know a good coin dealer in Dayton, Ohio?
Replies: 7
Views: 704

Re: POLL: Do you have a dedicated REIT allocation?

Hey, if a 6.2367% REIT overweight (and thus slight underweight of all other stocks) helps you sleep at night, by all means complex-ify your portfolio with it. If you expect it to somehow help you from a financial standpoint, however, you're probably missing one investment concept or another. It alr...
by kenschmidt
Fri Jul 18, 2014 3:50 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Do you have a dedicated REIT allocation?
Replies: 123
Views: 6980

Re: Repair or Replace PressureWasher?

Use It Up, Wear It Out, Make It Do, or Do Without

If it is a gas powered device and the engine is still in good shape, I would probably replace the pump since you are comfortable doing the work yourself. I just hate to throw away a perfectly good motor when the device can be repaired.
by kenschmidt
Fri Jul 18, 2014 9:38 am
 
Forum: Personal Consumer Issues
Topic: Repair or Replace PressureWasher?
Replies: 3
Views: 281

Re: If you own a car, do you have a car payment?

I have the title but I used a HELOC to finance it so I answered yes. I can pay it down (or not) on my own schedule and it uses the approximately 80% equity in my home at a very low cost.
by kenschmidt
Fri Jul 18, 2014 9:05 am
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 7312

Re: POLL: Do you have a dedicated REIT allocation?

I have had a 5% REIT allocation since 2000. It absolutely has had a positive effect on returns. Just for comparison, 15 year returns: Vanguard REIT Admiral: 11.38% Vanguard TSM Admiral: 5.02% This is not to discount an all TSM approach; REIT started the time period at low valuations; TSM started at ...
by kenschmidt
Wed Jul 16, 2014 2:08 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Do you have a dedicated REIT allocation?
Replies: 123
Views: 6980

Re: Bet it ALL on Small Cap Value when you're young

I don't bet it ALL on anything. Ever.

You never know what will happen in the future. Diversity is key.
by kenschmidt
Tue Jul 15, 2014 4:46 pm
 
Forum: Investing - Theory, News & General
Topic: Bet it ALL on Small Cap Value when you're young
Replies: 64
Views: 6220

Re: boglehead botanists...is this poison ivy?

I don't think so. Usually, poison ivy has red stems and the leaves are distributed a little differently and are less clustered. It might be wild strawberry although not 100% sure. If you think you are getting an allergic reaction to it, I would probably kill it off though. Not worth the risk of bein...
by kenschmidt
Tue Jul 15, 2014 4:42 pm
 
Forum: Personal Consumer Issues
Topic: boglehead botanists...is this poison ivy?
Replies: 32
Views: 2470

Re: Hospital bill negotiation

You can call patient billing and ask if they give any discounts if you pay the bill in full immediately. This has worked for me in the past - 10 to 20% is possible in my experience.
by kenschmidt
Tue Jul 15, 2014 2:01 pm
 
Forum: Personal Consumer Issues
Topic: Hospital bill negotiation
Replies: 49
Views: 4228

Re: New Investor with Class A fund blues

Screwed is somewhat of a relative term. I am in the process of repainting my son's bedroom. I could have hired someone to do it for me instead but it would have cost me quite a bit more to do so. That doesn't mean that I would be getting screwed by the painter if I went that route. It is a choice I ...
by kenschmidt
Tue Jul 15, 2014 1:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor with Class A fund blues
Replies: 31
Views: 2120

Re: I'm cosigner .. Friend thinking of bankruptcy .. Pls hel

Can you pay off the balance of the loan and take possession of the car - via a drawn up contract of sale of course? I know you probably don't want a car but at least it would protect your credit and you could sell the car at some point to recover some or all of the money involved.
by kenschmidt
Mon Jul 14, 2014 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 7577

Re: Neighbor's ugly overgrown bushes and fence

I'd put in my own fence. That way you are in control of the situation. If you want to landscape, buy plants in smaller containers (1 gallon), plant them well and let them grow. Once they get established, it is amazing how fast they grow and you can save quite a bit of money that way.
by kenschmidt
Mon Jul 14, 2014 5:12 pm
 
Forum: Personal Consumer Issues
Topic: Neighbor's ugly overgrown bushes and fence
Replies: 41
Views: 3217

Re: Gold, Silver, Copper

I save pre-1982 pennies. Fun to do, costs nothing and when they are taken out of circulation.....whooo hoooo I thought I would be the only one who does this - and now I am the third on this thread alone. Plus the silver coins in my collection - anything I am lucky to find in the wild that is silver...
by kenschmidt
Fri Jul 11, 2014 3:01 pm
 
Forum: Investing - Theory, News & General
Topic: Gold, Silver, Copper
Replies: 87
Views: 5016

Re: Valuing a personal residence for net worth purposes

I use the value as appraised on my property tax bill. I guess I could just multiply the purchase price by 1.02 each year. In Ohio, state law requires a reappraisal based on comparable sales every three years. The county auditor's web site will even show you the comps used for your house. Every six ...
by kenschmidt
Sat Jul 05, 2014 4:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Valuing a personal residence for net worth purposes
Replies: 73
Views: 4000

Re: Valuing a personal residence for net worth purposes

I use the value as appraised on my property tax bill.
by kenschmidt
Sat Jul 05, 2014 12:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Valuing a personal residence for net worth purposes
Replies: 73
Views: 4000

Re: Do Wellesley's Equities Outperform?

?..isn't active management just as much at fault for under preforming an efficient market as expenses. This really isn't true. Active managers will, in aggregate, perform equally to the market before costs. It's not that active managers as a whole mismanage stock selection and make bad decisions. I...
by kenschmidt
Fri Jul 04, 2014 12:00 pm
 
Forum: Investing - Theory, News & General
Topic: Do Wellesley's Equities Outperform?
Replies: 41
Views: 4821

Re: Superior past performance of index funds.

Taylor, First of all, that is a good article. I have long admired William Sharpe. Second, I was being tongue-in-cheek. And third, you omitted a critical part of my assertion: "That saying, if taken literally, would suggest that..." :sharebeer I'm not Taylor but I'll try to address that. I...
by kenschmidt
Fri Jul 04, 2014 11:49 am
 
Forum: Investing - Theory, News & General
Topic: Do Wellesley's Equities Outperform?
Replies: 41
Views: 4821

Re: Continue subscribing to local newspaper?

I enjoy reading the Sunday paper in print format (Cincinnati Enquirer). This also gives me access to the electronic version which is enough for the other six days of the week. I also get a community press weekly which is truly local news; there is an edition specific to my township.
by kenschmidt
Fri Jul 04, 2014 11:40 am
 
Forum: Personal Consumer Issues
Topic: Continue subscribing to local newspaper?
Replies: 86
Views: 6229

Re: POLL: What is your weighted average duration in FI?

Just for a few data points around duration for funds I own:

Vanguard Total Bond Market Index - 5.62
PIMCO Total Return - 4.92
Vanguard High Yield Corp - 3.94
Vanguard Intermediate Term Tax Exempt - 5.04
by kenschmidt
Fri Jul 04, 2014 11:07 am
 
Forum: Investing - Help with Personal Investments
Topic: POLL: What is your weighted average duration in FI?
Replies: 16
Views: 1012

Re: Do you tell your kids how much you make?

I tell my kids how much I make. I also tell them this is private family information not to be discussed with others. As they enter the high school years, I think it is good for them to realize what a particular lifestyle costs and what types of careers might provide the same lifestyle for them.
by kenschmidt
Fri Jul 04, 2014 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you tell your kids how much you make?
Replies: 58
Views: 5988

Re: Adult child @ home

The first thing I would consider is whether there is some type of psychological or cognitive impairment or delay that is causing some of the issue. Yes, some people are just lazy, but others suffer from anxiety, learning disabilities or developmental disabilities that can explain these things. Just ...
by kenschmidt
Fri Jul 04, 2014 10:44 am
 
Forum: Personal Consumer Issues
Topic: Adult child @ home
Replies: 23
Views: 2150

Re: Trick question for new investors.

The Japanese market is low and has stayed low for awhile. Not sure how desirable answer B is in the real world.
by kenschmidt
Tue Jul 01, 2014 10:25 pm
 
Forum: Investing - Theory, News & General
Topic: Trick question for new investors.
Replies: 25
Views: 2071

Re: Best Method to Sell a U.S. Coin Collection

If you want to get maximum value, I think your best bet is going to be eBay. Take good photos, describe the coins well and start them at $0.99. Here is a good online price guide that I use that should give you a pretty good idea of what they are worth (retail prices): http://www.numismedia.com/fmv/f...
by kenschmidt
Sat Jun 28, 2014 8:51 am
 
Forum: Personal Consumer Issues
Topic: Best Method to Sell a U.S. Coin Collection
Replies: 13
Views: 2069

Re: Wind blew off shingles, now roof is leaking!

As long as you get the roof replaced in a timely manner, there probably isn't much more than negligible additional damage. Get the roof fixed, let the drywall dry out (as long as it isn't severely cracked or falling down), maybe a quick skim coat with some pre-mixed drywall mud if needed, sand and t...
by kenschmidt
Sun Jun 22, 2014 4:08 pm
 
Forum: Personal Consumer Issues
Topic: Wind blew off shingles, now roof is leaking!
Replies: 27
Views: 1447

Re: I Bonds 5.27% interest

I am happy to have some of those 3.4% I-Bonds! They were quite popular back on the old Morningstar forum. I believe it was Mel Lindauer that suggested back in 1998 that it would be wise to back up the truck and buy as many as you could.
by kenschmidt
Sat Jun 21, 2014 9:43 pm
 
Forum: Investing - Theory, News & General
Topic: I Bonds 5.27% interest
Replies: 33
Views: 3660
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