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Re: The mathematics of recouping loss

Any focus on "recouping losses" ignores sunk costs. The only impact or worry about being at a loss is Tax loss harvesting.
by leonard
Fri Nov 21, 2014 9:51 pm
 
Forum: Investing - Theory, News & General
Topic: The mathematics of recouping loss
Replies: 11
Views: 1107

Re: Proposed Lifetime Retirement Investment Approach

I’d appreciate a critique of this proposed lifetime retirement investment approach. I've recommended it to my daughter and her husband and, so far, they've been implementing it. They started investing at age 25 for an early retirement in 30 years (at age 55) and hope to live for 35 to 45 years in r...
by leonard
Fri Nov 21, 2014 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Proposed Lifetime Retirement Investment Approach
Replies: 24
Views: 1697

Re: Why finance research is often wrong - the jelly bean pro

All those words to point out that correlation is different than causation?
by leonard
Thu Nov 20, 2014 2:25 pm
 
Forum: Investing - Theory, News & General
Topic: Why finance research is often wrong - the jelly bean problem
Replies: 58
Views: 4795

Re: Trapped deciding between 2 Jobs: Can I renege on my offe

I'd never take a job with 2 hours of commuting each day.

So, job B would be it.
by leonard
Wed Nov 19, 2014 6:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trapped deciding between 2 Jobs: Can I renege on my offer?
Replies: 36
Views: 2884

Re: Need Income - Wellesley Income or Wellington Fund

Hi All, I am trying to figure out which fund will give me the most income, Wellesley Income (VWIAX) or the Wellington Fund (VWENX). I like both funds and will be investing approximately $500,000 in a taxable (non-retirement) account. Because each fund compliments each other, I thought about investi...
by leonard
Wed Nov 19, 2014 6:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Income - Wellesley Income or Wellington Fund
Replies: 22
Views: 2766

Re: Borrowing from TSP for lot purchase

I am legitimately interested in opinion, especially articulate ones with reason other than blanket statements like "never do X." Hard and fast rules work well for folks in personal finance issues. When they start poking around in the gray and finding those exceptions - they get in trouble.
by leonard
Wed Nov 19, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Borrowing from TSP for lot purchase
Replies: 34
Views: 2107

Re: Company Moving It's 401K to the following Choices:

lucky3 wrote:Expense Ratio's are the same as the ones on the past thread.

Lucky3


Same recommendations this time around. I would recommend selecting from the indexes (Russell 3000, US Debt, Total Int'l Ex US) in ratios that work with your overall AA and your other taxable vs tax advantaged accounts.
by leonard
Wed Nov 19, 2014 3:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Company Moving It's 401K to the following Choices:
Replies: 5
Views: 401

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

No, you missed the point that when one uses a DFA advisor, as recommended by Paul, then the advisor charges a fee. When someone follows Jack's advice, there is no fee involved. The advisor fees subtract from the returns touted by Paul and other DFA supporters. You use the company that he developed ...
by leonard
Wed Nov 19, 2014 3:48 pm
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 80
Views: 6983

Re: Investing In Currency?

Humdrum wrote:
John3754 wrote:Is this investing, or speculation?

Actually, investing is speculation and here's the definition of speculation: investment in stocks, property, or other ventures in the hope of gain but with the risk of loss.


Did you honestly not know the point John3754 was making?
by leonard
Wed Nov 19, 2014 3:44 pm
 
Forum: Investing - Theory, News & General
Topic: Investing In Currency?
Replies: 33
Views: 2059

Re: Company Moving It's 401K to the following Choices:

Looks to be the same fund choices as this post From that thread: You have great choices US debt index Russell 3000 Global equity index ex US Even if the fund selection implies the same TPA - different 401k's may have different ER's for the same funds. So, we still need to have the OP's ER's to give...
by leonard
Wed Nov 19, 2014 3:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Company Moving It's 401K to the following Choices:
Replies: 5
Views: 401

Re: Borrowing from TSP for lot purchase

There's a reason why complex financing of all kinds tends to go bad. TSP is for retirement - not vacation/retirement property purchases. If you can't afford it some other way - you can't afford it. Just cause a pot of money is sitting in the TSP - doesn't mean you should engineer a way to borrow fro...
by leonard
Wed Nov 19, 2014 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Borrowing from TSP for lot purchase
Replies: 34
Views: 2107

Re: Vanguard launches new offering ... [Vanguard merchandise

Not sure how I missed this thread.

Just ordered one of each of all the T-shirts and one of the bumper magnets.
by leonard
Wed Nov 19, 2014 3:21 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard launches new offering ... [Vanguard merchandise]
Replies: 89
Views: 8640

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

Okay. I am totally at a loss. Here is the situation as I understand it: 1. You are angry at a forced gift to be redistributed to other employees. Angry enough you might quit. 2. Second, you stated above that your supervisor said you can give what you want - EVEN ZERO. So based on this information y...
by leonard
Sat Nov 15, 2014 1:39 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 163
Views: 7867

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

Maybe the best thing is to prorate what you want to give. You should take part and give something, something is better than nothing. I've already said several times that this is what I've decided to do, and again, my supervisor is ok with it. Okay. I am totally at a loss. Here is the situation as I...
by leonard
Fri Nov 14, 2014 5:33 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 163
Views: 7867

Re: Harry's razors

Leonard - Do you have a recommendation and source for a double-edge razor and blades? I have looked for a DE razor and blades in drugstores and the like around here, but none carry them. :annoyed Hi Tom - you can check out the Badger and Blade forum for DE shaving. Many recommendations. There are l...
by leonard
Fri Nov 14, 2014 3:41 pm
 
Forum: Personal Consumer Issues
Topic: Harry's razors
Replies: 53
Views: 4864

Re: Harry's razors

I've been a mach 3 razor consumer since inception. I know they are pricey but I get ~ 3 weeks use so ok with that. The Harrys are less but I am wondering who has tried them and has a comment either way. Thanks Sam Used to use a Mach. Now wet shave with DE razor and shave soap. $.10 a razor that wil...
by leonard
Fri Nov 14, 2014 3:25 pm
 
Forum: Personal Consumer Issues
Topic: Harry's razors
Replies: 53
Views: 4864

Re: Parents can be forced to pay college tuition in NJ?

I think that's an admission that the kid could make a good living, without going to college. So, why should a parent necessarily pay if the kid has a good alternative that they can self fund - in this case through work? Why should a parent pay for if their kid damages someone's property? Plenty of ...
by leonard
Fri Nov 14, 2014 3:21 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1868

Re: Does anyone here make "fun" purchases.

First, let me say I'm a relatively newbie as you can see by my count. Second I am learning a ton of stuff especially about taking charge of my retirement. But....... lol Does anyone ever make a "fun" purchase. Let me explain, maybe we simply don't mention it. Now I'm definitely the type t...
by leonard
Fri Nov 14, 2014 3:18 pm
 
Forum: Personal Consumer Issues
Topic: Does anyone here make "fun" purchases.
Replies: 111
Views: 6333

Re: Your car(s) are equal to how many months income

Why should there be a correlation?

Buy the cheapest transportation that's reliable, that does what you need.

Just cause I can afford a $200 hammer doesn't mean I should buy it when one that is $10 does all I need.
by leonard
Fri Nov 14, 2014 3:15 pm
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 5971

Re: Parents can be forced to pay college tuition in NJ?

I think many of you are probably missing the point. In many divorces, the child's college expenses and support (usually continued to 22 if in college) are explicitly stated in the divorce decree. In most of those cases, this is done by stipulation not a court determination. However, the court retai...
by leonard
Fri Nov 14, 2014 3:09 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1868

Re: Parents can be forced to pay college tuition in NJ?

Total federal spending per person per year is roughly $11,000. A single taxpayer only pays $11,000 in federal taxes if they're making over $60k a year. Median weekly earnings for people WITH a bachelor's degree is about $58k. Without any college, it's around $34k. Without a college degree, the chan...
by leonard
Fri Nov 14, 2014 3:02 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1868

Re: Parents can be forced to pay college tuition in NJ?

Total federal spending per person per year is roughly $11,000. A single taxpayer only pays $11,000 in federal taxes if they're making over $60k a year. Median weekly earnings for people WITH a bachelor's degree is about $58k. Without any college, it's around $34k. Without a college degree, the chan...
by leonard
Fri Nov 14, 2014 2:52 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1868

Re: Isn't everybody here market timing, by definition?

By definition, you have to enter the market at a particular time, right? That can be as young as 18 or younger. By definition, you have to draw down at some point in your lifetime, right? If not, your children or grandchildren will have to draw down money at some point right? That in itself is mark...
by leonard
Fri Nov 14, 2014 2:51 pm
 
Forum: Investing - Theory, News & General
Topic: Isn't everybody here market timing, by definition?
Replies: 32
Views: 1882

Re: Parents can be forced to pay college tuition in NJ?

Total federal spending per person per year is roughly $11,000. A single taxpayer only pays $11,000 in federal taxes if they're making over $60k a year. Median weekly earnings for people WITH a bachelor's degree is about $58k. Without any college, it's around $34k. Without a college degree, the chan...
by leonard
Fri Nov 14, 2014 2:40 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1868

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

I like the response that compared this to tipping at a restaurant. You're right, I don't get upset about paying tips at restaurants, because I expect to pay them. I also have a choice whether to eat out and pay the tip versus do takeout (no waitstaff tip) versus bypassing the restaurant altogether ...
by leonard
Fri Nov 14, 2014 2:35 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 163
Views: 7867

Re: Not qualified for my job - what to do?

Thanks for the responses... I am leaning on a very busy employee at a higher level in a different department and a consultant to figure out what to do literally from moment to moment - and the consultant leaves soon. After that I am mostly alone and done for. Even worse, I have a new hire under me ...
by leonard
Fri Nov 14, 2014 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Not qualified for my job - what to do?
Replies: 42
Views: 4690

Re: Should I offer to purchase my dad's rental property?

IMO - you seem to be rationalizing "doing something". Yes....but perhaps it shouldn't be on me to do something. He doesn't want to rent out the house. He doesn't want to lower the price. He doesn't want to go without cable. He doesn't want to sell his boat or other toys and pay off his ca...
by leonard
Fri Nov 14, 2014 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I offer to purchase my dad's rental property?
Replies: 11
Views: 551

Re: Bogleheads, tell me about your 40's?

You will finally learn what you should have been doing all along.

"I wish that I knew what I know now, when I was younger...." will definitely take on new meaning.
by leonard
Fri Nov 14, 2014 1:49 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 91
Views: 11408

Re: Work 401k

My job is starting 401K very soon and my boss will match up to 3% of my salary. I need help choosing which funds to contribute to and in what percentages. I invest on my own with Vanguard using Target Retirement Fund, currently $5500 per year. I am 35 years old and salary of 95K. I am aware that th...
by leonard
Fri Nov 14, 2014 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Work 401k
Replies: 11
Views: 1075

Re: Parents can be forced to pay college tuition in NJ?

She's 21. There is nothing "ethical" at all about this court ruling. They have no "requirement" to give here this money. This is a ridiculous, frivolous case. As a parent, you have a responsibility to do everything in your ability to make your child a productive member of societ...
by leonard
Fri Nov 14, 2014 1:37 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 1868

Re: Should I offer to purchase my dad's rental property?

To be clear - you want to take a family loan that has gone sour - and turn that in to another real estate transaction AND hire that person to do work for you? Cut your losses. Run. and don't get involved with any more family investment schemes. Okay this would be a bad move. Thanks for the outside ...
by leonard
Fri Nov 14, 2014 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I offer to purchase my dad's rental property?
Replies: 11
Views: 551

Re: Not qualified for my job - what to do?

What's the skill set that you have? What's the skill set required to do the job? How much progress have you made bridging that gap in the 1st 6 months? What skills and time do you need to invest to finish bridging the gap? You probably do in fact have a skills gap. But, I was a manager in a large co...
by leonard
Fri Nov 14, 2014 12:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Not qualified for my job - what to do?
Replies: 42
Views: 4690

Re: Winter Coat

Filson.

Last coat you will need to buy.
by leonard
Fri Nov 14, 2014 12:30 pm
 
Forum: Personal Consumer Issues
Topic: Winter Coat
Replies: 51
Views: 4326

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

Just don't do it. It's optional, and I doubt anyone is going to go through the payroll to check. btw - why didn't they give you a heads up on this compensation structure when you were newly hired? But what did the e-mail from the supervisor say? Seemingly the process is that the OP is supposed to w...
by leonard
Fri Nov 14, 2014 12:23 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 163
Views: 7867

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

Just don't do it. It's optional, and I doubt anyone is going to go through the payroll to check. btw - why didn't they give you a heads up on this compensation structure when you were newly hired? That's pretty simple - if it was out there, they wouldn't find any "suckers" to take the job...
by leonard
Fri Nov 14, 2014 12:21 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 163
Views: 7867

Re: Should I offer to purchase my dad's rental property?

I gave my dad a loan awhile back so he could use it as a down payment for some real estate he wanted at the time since most of his cash was tied up in real estate. The plan was to sell his rental house, pay me back, and then he would pay down the mortgage on the new real estate. He has unsuccessful...
by leonard
Fri Nov 14, 2014 12:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I offer to purchase my dad's rental property?
Replies: 11
Views: 551

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

Just don't do it. It's optional, and I doubt anyone is going to go through the payroll to check.

btw - why didn't they give you a heads up on this compensation structure when you were newly hired?
by leonard
Fri Nov 14, 2014 12:01 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 163
Views: 7867

Re: Best microwave to replace kitchen stove

Our Panasonic from Costco has held up very well.

Also, you might take a look at one of those portable Induction cook tops. The higher power ones seem like they would work well, especially if you already have cookware that might work with induction.
by leonard
Wed Nov 12, 2014 7:24 pm
 
Forum: Personal Consumer Issues
Topic: Best microwave to replace kitchen stove
Replies: 26
Views: 1558

Re: Most Efficient Human Powered Boat

OP - do you ever have the need to take along stuff you need - lunch, emergency kit, etc? If so, I would look at a performance sea kayak. With a wing paddle and a race design (narrow and long) they can be quite fast (as kayaks go anyway). They are great exercise as well. Another option that is fast f...
by leonard
Wed Nov 12, 2014 7:22 pm
 
Forum: Personal Consumer Issues
Topic: Most Efficient Human Powered Boat
Replies: 13
Views: 1372

Re: For Women on this forum and those who share their expert

Correlation <> causation. Sometimes men live to 115. Sometimes women live to 50. So, reasoning from what may be generally, statistically true of a group to a specific member of the group is flawed. You have to use the specific situation anyway to give solid advice - so why even try to draw conclusi...
by leonard
Wed Nov 12, 2014 7:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: For Women on this forum and those who share their expertise
Replies: 43
Views: 4404

Re: How can I convince my wife to accept investing??

Hello, I am having trouble with my wife who doesn't want me to invest. She wants to just save money in savings accounts. When I try to explain her this is not enough, she blocks her ears. When I try to explain her about index funds, she ignores it and advice me to invest in short term foreign curre...
by leonard
Wed Nov 12, 2014 6:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: How can I convince my wife to accept investing??
Replies: 54
Views: 4295

Re: For Women on this forum and those who share their expert

Personal finance is about figuring out when one needs particular cash flows. Then, arranging investments and AA to meet those needs. There's nothing gender specific about timing of cash flows or how to meet those cash flows through saving and investing. BTW - same is true of millennials, uniformed ...
by leonard
Mon Nov 10, 2014 6:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: For Women on this forum and those who share their expertise
Replies: 43
Views: 4404

Re: Messy baby restaurant etiquette

Wouldn't it just be easier to eat at home or get take out from the restaurant you would have been going to anyway?
by leonard
Mon Nov 10, 2014 5:52 pm
 
Forum: Personal Consumer Issues
Topic: Messy baby restaurant etiquette
Replies: 75
Views: 4459

Re: For the next year or so, why shouldn't we be in all-cas

Because most investors fail at market timing.
by leonard
Mon Nov 10, 2014 5:45 pm
 
Forum: Investing - Theory, News & General
Topic: For the next year or so, why shouldn't we be in all-cash?
Replies: 54
Views: 6684

Re: Buying Furniture

matonplayer wrote:Buy the $5000 couch used on Craig's List for $1000.


With the prevalence of bed bugs and possibly fleas if previous owner had undisclosed pets - I personally wouldn't risk the used market to save a few bucks on a couch.
by leonard
Mon Nov 10, 2014 3:48 pm
 
Forum: Personal Consumer Issues
Topic: Buying Furniture
Replies: 27
Views: 1829

Re: Gathering thoughts vs. Market Timing

"Feels right"... for now?? Do you see any appeal of going maybe 70/30 for a bit with the 70% 86/14 of SP/SC to mimic total stock, and the 30% stable value for peace of mind and dry powder? Maybe it's coming across wrong in your posts, but you seem to show NO signs of actually sticking to ...
by leonard
Mon Nov 10, 2014 3:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Gathering thoughts vs. Market Timing
Replies: 56
Views: 2787

Re: Peer to peer lending as a investment

There is also no sense in comparing an index fund to a P2P lending company like LendingClub, the company used to state (not sure if they still do) that an individual investor should never put more then 10% of their net worth in, I believe this statement was tied to some state's legality. Yes, no se...
by leonard
Mon Nov 10, 2014 3:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Peer to peer lending as a investment
Replies: 22
Views: 1817

Re: How can I find out the actual value of my car?

I need to sell a car. I realize that I'm taking a hit by going to a dealer rather than private party. But I just don't feel comfortable having a parade of random strangers coming over sniffing around my residence and test driving my car. There's also the value of time to consider. Hours, even days ...
by leonard
Mon Nov 10, 2014 3:29 pm
 
Forum: Personal Consumer Issues
Topic: How can I find out the actual value of my car?
Replies: 19
Views: 2561

Re: Running contrary to the rule

Bogleheads all know about AA...how you should take "your age in bonds" as the "glide path" moves on in time...the fact, that when you reach retirement age you have less time to recoup from a bad market. But, the other day, I ran into someone who said as long as you have signific...
by leonard
Mon Nov 10, 2014 3:26 pm
 
Forum: Investing - Theory, News & General
Topic: Running contrary to the rule
Replies: 8
Views: 598

Re: Gathering thoughts vs. Market Timing

Well, it certainly was hasty. Too early to see if it was a mistake. Why didn't you just exchange part of your portfolio into bonds? Give careful thought to that question. Hi retiredjg! You're the one who helped me set my portfolio up in 2012! I thought long and hard about that very question and thi...
by leonard
Mon Nov 10, 2014 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Gathering thoughts vs. Market Timing
Replies: 56
Views: 2787
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