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Re: Play money- what is your process?

And I would add that, as has been pointed out, you don't know what was opimal until it's too late. Even Bogleheads have differing opinions of the stock-to-bond ratio, not to mention precious metals. No one knows what's optimal. Why accumulate 1375 posts since 2007 on a topic that your not sure if i...
by leonard
Sat Jan 31, 2015 1:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Play money- what is your process?
Replies: 63
Views: 3911

Re: Play money- what is your process?

It's not believing A and not A, but merely allowing for a tiny portion of one's wealth to which Boglehead rules need not apply. I happen to agree with you that 5% is a little much- it could be costly, especially for a young investor. But you don't have to throw out the baby with the bathwater. If s...
by leonard
Sat Jan 31, 2015 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Play money- what is your process?
Replies: 63
Views: 3911

Re: Play money- what is your process?

That's why it's called play money and not A Logical Alternative To Bogleheads , leonard. When you read a bedtime story to your kids, do you preface it with, "By the way, this story is highly unlikely to ever occur in reality. The mushroom would more likely kill Alice than make her grow, and I'...
by leonard
Fri Jan 30, 2015 8:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Play money- what is your process?
Replies: 63
Views: 3911

Re: Workplace net worth conversations you'd like to avoid?

I was having a conversation with a best friend and was comfortable opening up regarding my finances. Unknowing to me, his were dramatically lower...lost a friend! You're wise to simply nod, when I'm directly asked I respond "I'm adequate to live just fine". I can see this happening to peo...
by leonard
Fri Jan 30, 2015 8:31 pm
 
Forum: Personal Consumer Issues
Topic: Workplace net worth conversations you'd like to avoid?
Replies: 80
Views: 7346

Re: Workplace net worth conversations you'd like to avoid?

I was having a conversation with a best friend and was comfortable opening up regarding my finances. Unknowing to me, his were dramatically lower...lost a friend! You're wise to simply nod, when I'm directly asked I respond "I'm adequate to live just fine". I can see this happening to peo...
by leonard
Fri Jan 30, 2015 1:22 pm
 
Forum: Personal Consumer Issues
Topic: Workplace net worth conversations you'd like to avoid?
Replies: 80
Views: 7346

Re: Employee fiduciary 401k

I can't speak much to EF, but on the surface it looks pretty good. I will say that that it pays to shop around. What I mean by that is that some low cost 401k providers may not be able to provide you the customization you want/need to maximize your employer/owner deferral while minimizing your empl...
by leonard
Fri Jan 30, 2015 12:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Employee fiduciary 401k
Replies: 11
Views: 832

Re: Play money- what is your process?

Why would someone follow a non-optimal investment strategy? Just because they chose to call certain funds "Play money"? You are consistent. I'll give you that. Consistent - cause the basics of BH investing haven't changed. Of course you're right. I suppose what it boils down to is that ev...
by leonard
Fri Jan 30, 2015 12:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Play money- what is your process?
Replies: 63
Views: 3911

Re: data mining vs. historical performance

Data mining is the process of finding patterns in data - any data set. What's inherently wrong with that? When you use it to exploit your point, manipulate actual returns, or sell products, it's just wrong. Data mining (cherry picking) :happy is used for the primary purposes of manipulation, you do...
by leonard
Thu Jan 29, 2015 10:53 pm
 
Forum: Investing - Theory, News & General
Topic: data mining vs. historical performance
Replies: 39
Views: 1587

Re: Engineered wood floors?

So this weekend we visited some friends who tore the carpeting out of their house and replaced it with engineered hardwood floors. My wife was extremely impressed with the results as they did a very good job with the DIY install. The planks they used were wide and were darked stained with a rustic ...
by leonard
Wed Jan 28, 2015 12:52 pm
 
Forum: Personal Consumer Issues
Topic: Engineered wood floors?
Replies: 20
Views: 2132

Re: Play money- what is your process?

At less than 1% of investments - it has no impact on your overall investment returns or any impact on portfolio diversification. I don't see any material benefit for the effort . again, this misses the point. the point is the effort, or rather, that it isn't effort. it's not done for diversificatio...
by leonard
Wed Jan 28, 2015 12:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Play money- what is your process?
Replies: 63
Views: 3911

Re: Dealing with pressure for "social donations" at work

Yeah, not sure why this thread suddenly got resurrected. But as I said, I gave a prorated donation, which I felt was a socially acceptable compromise that I could live with. Leonard, once I reach FI and can afford to burn bridges over stuff like this, I will. I'm not mad about it any more now that ...
by leonard
Wed Jan 28, 2015 12:22 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 174
Views: 13096

Re: Workplace net worth conversations you'd like to avoid?

Say nothing. Puzzle solved. People say all sorts of things at work that deserve no comment - this is just one more.
by leonard
Wed Jan 28, 2015 12:14 pm
 
Forum: Personal Consumer Issues
Topic: Workplace net worth conversations you'd like to avoid?
Replies: 80
Views: 7346

Re: Interview question...salary

Usually, the company broaches the topic of salary first - so I think they will think it's odd you are pushing it. If you don't think you will like the job - I'd view the second interview day as a networking opportunity. While the current job may or may not workout - it can't hurt to make some new c...
by leonard
Wed Jan 28, 2015 12:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Interview question...salary
Replies: 30
Views: 3503

Re: Play money- what is your process?

Why would someone follow a non-optimal investment strategy? Just because they chose to call certain funds "Play money"? That's the problem with strategies. You only know if they were optimal in the rear-view mirror. The optimal strategy might not be the BH-community approved strategy. The...
by leonard
Wed Jan 28, 2015 11:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Play money- what is your process?
Replies: 63
Views: 3911

Re: Play money- what is your process?

Why would someone follow a non-optimal investment strategy? Just because they chose to call certain funds "Play money"? You are consistent. I'll give you that. One year ago, almost to the day: Money is either spent on something you really want, need and can afford - or gratification is de...
by leonard
Wed Jan 28, 2015 11:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Play money- what is your process?
Replies: 63
Views: 3911

Re: Interview question...salary

Usually, the company broaches the topic of salary first - so I think they will think it's odd you are pushing it. If you don't think you will like the job - I'd view the second interview day as a networking opportunity. While the current job may or may not workout - it can't hurt to make some new co...
by leonard
Tue Jan 27, 2015 10:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Interview question...salary
Replies: 30
Views: 3503

Re: What mutual fund companies do you use?

Vanguard and one TPA for the company 401k.
by leonard
Tue Jan 27, 2015 10:02 pm
 
Forum: Investing - Theory, News & General
Topic: What mutual fund companies do you use?
Replies: 63
Views: 2919

Re: Renaissance tech vs EMH

What do proponents of the EMH say when they look at the results from hedge funds doing as well as renaissance technologies? They often talk about how "no one can consistently beat the market", but ren tech seems to be doing just that! Thanks A hypothesis does not preclude the existence of...
by leonard
Tue Jan 27, 2015 10:00 pm
 
Forum: Investing - Theory, News & General
Topic: Renaissance tech vs EMH
Replies: 37
Views: 1836

Re: Play money- what is your process?

Why would someone follow a non-optimal investment strategy? Just because they chose to call certain funds "Play money"? That's the problem with strategies. You only know if they were optimal in the rear-view mirror. The optimal strategy might not be the BH-community approved strategy. The...
by leonard
Tue Jan 27, 2015 9:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Play money- what is your process?
Replies: 63
Views: 3911

Re: Dealing with pressure for "social donations" at work

sometimesinvestor wrote:If you earn enough to be asked think of it as the cost of doing business and pay. Silly to burn bridges before you have a clearer picture of how things work in this organization/
The situation does seem very strange


This is an old thread.

But, I hope the OP held firm and gave them zero.
by leonard
Tue Jan 27, 2015 9:48 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 174
Views: 13096

Re: data mining vs. historical performance

ERMD wrote:
lack_ey wrote:I agree that there is some group think


that's why it's "bogleheads.org", not "diversegroupofinvesters.net". :happy


This is a hall of fame worthy post. Too many people think this is diversgroupofinvesters_anythinggoes.net
by leonard
Tue Jan 27, 2015 9:47 pm
 
Forum: Investing - Theory, News & General
Topic: data mining vs. historical performance
Replies: 39
Views: 1587

Re: Expense ratio of individual stocks at Vanguard

However, if you thought that stocks had an expense ratio I would caution you to read more before investing in them. OP - consider this comment carefully. I think the OP might be used used to Europe where custody fees are very common, almost unavoidable. Let's be nice. There are none at Vanguard, or...
by leonard
Tue Jan 27, 2015 7:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Expense ratio of individual stocks at Vanguard
Replies: 16
Views: 1232

Re: Play money- what is your process?

Why would someone follow a non-optimal investment strategy? Just because they chose to call certain funds "Play money"?
by leonard
Tue Jan 27, 2015 7:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Play money- what is your process?
Replies: 63
Views: 3911

Re: Are any US-only investors having 2nd thoughts?

InvestorNewb - Why would any investor in a Total US Index be surprised that Total Int'l would perform differently?
by leonard
Tue Jan 27, 2015 5:44 pm
 
Forum: Investing - Theory, News & General
Topic: Are any US-only investors having 2nd thoughts?
Replies: 44
Views: 4399

Re: Expense ratio of individual stocks at Vanguard

IPer wrote:However, if you thought that stocks had an expense ratio I would caution you to read more
before investing in them.


OP - consider this comment carefully.
by leonard
Tue Jan 27, 2015 5:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Expense ratio of individual stocks at Vanguard
Replies: 16
Views: 1232

Re: Wealthfront automated investment service

Hello everyone, I am in the process of moving my assets out of edward jones advisory solutions,fee is too much! I thought Vanguard would be my best choice but I'm trying to be thorough. Does anyone have insight on Wealthfront automated investment service? You're getting out from under one advisor -...
by leonard
Tue Jan 27, 2015 5:39 pm
 
Forum: Investing - Theory, News & General
Topic: Wealthfront automated investment service
Replies: 19
Views: 1476

Re: Sellers Won't Fix Leaking Roof; Fear of Additional Damag

So, your giving advice based on assuming they lose the deposit? Why not just assume the opposite? Or, make no assumption and deal with the facts as we actually know them. Once the OP has an attorney fully engaged with the other party and filing a suit, I'll bet wiggle room starts to appear. Also, i...
by leonard
Tue Jan 27, 2015 5:29 pm
 
Forum: Personal Consumer Issues
Topic: Sellers Won't Fix Leaking Roof; Fear of Additional Damage
Replies: 50
Views: 4605

Re: data mining vs. historical performance

Data mining is the process of finding patterns in data - any data set. What's inherently wrong with that?
by leonard
Tue Jan 27, 2015 5:23 pm
 
Forum: Investing - Theory, News & General
Topic: data mining vs. historical performance
Replies: 39
Views: 1587

Re: Sellers Won't Fix Leaking Roof; Fear of Additional Damag

They should not be able to keep your 10% deposit (I assume earnest money?). Also, if they aren't willing to spend the extra to fix the situation - they won't want to spend money on a lawyer to defend themselves in this situation. Which is what you should do if there is any problem getting out of th...
by leonard
Tue Jan 27, 2015 1:21 pm
 
Forum: Personal Consumer Issues
Topic: Sellers Won't Fix Leaking Roof; Fear of Additional Damage
Replies: 50
Views: 4605

Re: Need Income-Wellesley & Wellington or just Wellesley

Money doesn't know if it is principle, interest, income, dividends, etc. So, you should simply access the funds at the lowest tax cost to you. That could be selling shares or dividends. So, you should set up your investments to minimize your tax hit, by allowing you to decide the lowest cost margin...
by leonard
Tue Jan 27, 2015 1:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Income-Wellesley & Wellington or just Wellesley
Replies: 18
Views: 2875

Re: Flagship financial planner advice?

Presumably what??" I never suggested the OP go with PAS. My comments were pointing out 30 bp is not outrageous for someone not interested in investing. PAS was totally a tangent and I did not bring it up first. Where did you read that I was suggesting the OP go with PAS? Since PAS is very new,...
by leonard
Tue Jan 27, 2015 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Flagship financial planner advice?
Replies: 54
Views: 5295

Re: Flagship financial planner advice?

Presumably what??" I never suggested the OP go with PAS. My comments were pointing out 30 bp is not outrageous for someone not interested in investing. PAS was totally a tangent and I did not bring it up first. Where did you read that I was suggesting the OP go with PAS? Since PAS is very new,...
by leonard
Mon Jan 26, 2015 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Flagship financial planner advice?
Replies: 54
Views: 5295

Re: Need Income-Wellesley & Wellington or just Wellesley

Money doesn't know if it is principle, interest, income, dividends, etc. So, you should simply access the funds at the lowest tax cost to you. That could be selling shares or dividends. So, you should set up your investments to minimize your tax hit, by allowing you to decide the lowest cost margina...
by leonard
Mon Jan 26, 2015 9:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Income-Wellesley & Wellington or just Wellesley
Replies: 18
Views: 2875

Re: Sellers Won't Fix Leaking Roof; Fear of Additional Damag

They should not be able to keep your 10% deposit (I assume earnest money?). Also, if they aren't willing to spend the extra to fix the situation - they won't want to spend money on a lawyer to defend themselves in this situation. Which is what you should do if there is any problem getting out of th...
by leonard
Mon Jan 26, 2015 6:58 pm
 
Forum: Personal Consumer Issues
Topic: Sellers Won't Fix Leaking Roof; Fear of Additional Damage
Replies: 50
Views: 4605

Re: Time to stop driving for 85 yo MIL

Medical privacy is a bit of a myth. Doctors are required to report all sorts of things - positive HIV tests, and other diseases; sexual abuse; suicidal tendencies. Killer seniors could be another, probably depending on the state. It's enough of a non-myth that I'd be concerned about it in this case.
by leonard
Mon Jan 26, 2015 6:44 pm
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 69
Views: 3691

Re: negotiating vacation days

My mega-corp has published vacation policy, but when hiring experienced professionals, they will count years of experience outside of the company towards calculating how much time you will get (like if you have 20 years of relevant experience, they will start you off with 20 vacation days, instead ...
by leonard
Mon Jan 26, 2015 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: negotiating vacation days
Replies: 37
Views: 2670

Re: Flagship financial planner advice?

"Again, balanced funds can do all the rebalancing for the cost of the fund ER." and for example, Fidelity Balanced, FBALX, has an ER of .6%. What kind of a straw man is this? .6%? I thought on the BH board this would go without saying but evidently not - a low cost, indexed balanced fund....
by leonard
Mon Jan 26, 2015 6:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Flagship financial planner advice?
Replies: 54
Views: 5295

Re: Time to stop driving for 85 yo MIL

I'm all for getting any dangerous driver off the road. But, it's an incredible breach of medical privacy for a doctor to report this. It very well could have a chilling effect on an older patient that then might not reveal 100% of medically relevant facts to their doctor.
by leonard
Mon Jan 26, 2015 6:25 pm
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 69
Views: 3691

Re: Do any young investors use Only fixed income?

Just a bit of feedback, cause it feels like you need it. It looks like it's been a year of poking around the edges with theoretical questions. It doesn't appear to be resolving in to anything actionable. I get an Analysis Paralysis vibe from your posts At this point I'd highly suggest diving in with...
by leonard
Mon Jan 26, 2015 1:40 pm
 
Forum: Investing - Theory, News & General
Topic: Do any young investors use Only fixed income?
Replies: 35
Views: 3261

Re: Flagship financial planner advice?

"Again, balanced funds can do all the rebalancing for the cost of the fund ER." and for example, Fidelity Balanced, FBALX, has an ER of .6%. What kind of a straw man is this? .6%? I thought on the BH board this would go without saying but evidently not - a low cost, indexed balanced fund....
by leonard
Mon Jan 26, 2015 1:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Flagship financial planner advice?
Replies: 54
Views: 5295

Re: Employee fiduciary 401K Fund selection

The nice thing about Employee Fiduciary is that you can change the fund line up for free, up to 3 fund changes per quarter, or something like that. So start with the very basic TSP-type plan for a while. Wait a year or two and see how you feel later about adding more funds. If you find that employe...
by leonard
Mon Jan 26, 2015 12:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Employee fiduciary 401K Fund selection
Replies: 19
Views: 924

Re: Success stories of NOT buying more/too much house

I don't understand, why would anyone have an URGE to upgrade houses and experience the following: 1. Moving Non-financial costs. Moves are a huge time sink. They are extremely stressful. You refocus your entire life for several months. There is a huge cost in productivity working and in your persona...
by leonard
Mon Jan 26, 2015 12:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 65
Views: 5965

Re: Flagship financial planner advice?

I agree with SpringMan....0.3% is not a ridiculous fee to pay for financial advise; it is less than 95% of people in the US pay and the advise is trustworthy. And.....if you pass before the significant other who doesn't want to learn financial planning they can call "The Vanguard Man" and...
by leonard
Mon Jan 26, 2015 12:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Flagship financial planner advice?
Replies: 54
Views: 5295

Re: Factors and zero-sum investing

Trying to beat a market cap weighted index fund is easy as long as you expose yourself to more risk. Beating an equal weight index in the long run will be much more difficult since it benefits from mid/small premium. I do not believe a market cap weighted indexes is the best way to achieve the maxi...
by leonard
Mon Jan 26, 2015 12:00 pm
 
Forum: Investing - Theory, News & General
Topic: Factors and zero-sum investing
Replies: 57
Views: 2929

Re: Employee fiduciary 401K Fund selection

I have participated in auditing and reconciling a 401k Trust for the last year. I see a behaviors of people that enroll in the 401k, that clearly indicate they don't understand what they are investing in, despite being provided complete information on the investment options: 1. Many, many people cho...
by leonard
Sat Jan 24, 2015 10:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Employee fiduciary 401K Fund selection
Replies: 19
Views: 924

Re: Pick Your Poison [Vanguard vs. American Funds]

Every employer I've seen charges some type of 401(k) administration fee. It is either baked into the fund ER or they itemize it. My employer offers Vanguard funds at the Institutional Plus level, so ERs as low as 0.02%, but then we all have to pay a 401(k) plan administration fee and an "Advic...
by leonard
Sat Jan 24, 2015 10:25 pm
 
Forum: Investing - Theory, News & General
Topic: Pick Your Poison [Vanguard vs. American Funds]
Replies: 24
Views: 3492

Re: What about this withdrawl strategy?

I would be interested to hear some perspectives on the following withdrawal strategy. I think it is probably just a variation on a bucket approach, but I would be interested to hear from people with clearer understandings of these strategies than I have about what the pros and cons of this approach...
by leonard
Sat Jan 24, 2015 3:11 pm
 
Forum: Investing - Theory, News & General
Topic: What about this withdrawl strategy?
Replies: 23
Views: 2077

Re: Flagship financial planner advice?

I agree with SpringMan....0.3% is not a ridiculous fee to pay for financial advise; it is less than 95% of people in the US pay and the advise is trustworthy. And.....if you pass before the significant other who doesn't want to learn financial planning they can call "The Vanguard Man" and...
by leonard
Sat Jan 24, 2015 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Flagship financial planner advice?
Replies: 54
Views: 5295

Re: Factors and zero-sum investing

I recently ran across a commentary about investing in "factors" that stuck with me. I went something like this: as soon as you step away from passively holding the total market index; for example by investing in factors such as small, value, quality, MOM, and the rest, you have entered th...
by leonard
Sat Jan 24, 2015 2:43 pm
 
Forum: Investing - Theory, News & General
Topic: Factors and zero-sum investing
Replies: 57
Views: 2929

Re: negotiating vacation days

Most companies have a standard policy on who gets how much vacation when. Your best option is to negotiate directly with the hiring manager on how strictly they adhere to that policy in their group. Do they give "comp days" when you have worked overtime on a project or weekends? Perhaps yo...
by leonard
Sat Jan 24, 2015 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: negotiating vacation days
Replies: 37
Views: 2670
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