Search found 3796 matches

by mickeyd
Sun Jul 05, 2015 10:47 pm
Forum: Personal Consumer Issues
Topic: New Book Titles from Nisiprius Press
Replies: 22
Views: 4192

Re: New Book Titles from Nisiprius Press

boxed set with Corinthian leather


That stuff is not nearly as good as "fine Corinthian leather" that was used years ago on certain automobile seats.
by mickeyd
Sun Jul 05, 2015 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: Re: Advice on Whole Life Insurance as part of retirement portfolio
Replies: 39
Views: 1054

Re: Advice on Whole Life Insurance as part of retirement portfolio

a whole life policy that pays 5% dividends is better than what I earn on my IBonds, Money Market Funds, etc.


WL dividends are nothing more than a return of overpaid premium. That's why they are not taxable. Someone has misinformed you.
by mickeyd
Sun Jul 05, 2015 10:08 pm
Forum: Investing - Theory, News & General
Topic: What ratio are you stocks/bonds and how old are you?
Replies: 275
Views: 25746

Re: What ratio are you stocks/bonds and how old are you?

My mindset has been that since I'm good with what I have for the most part I can be a bit more conservative. But given lots of the responses (people my age and older having 75% in equities)...wow, maybe I'm way too conservative!


You're not them and they're not you. Stick with YOUR plan.
by mickeyd
Sat Jul 04, 2015 2:30 pm
Forum: Investing - Theory, News & General
Topic: Morningstar/Kitces -- Social Security as Part of Asset Allocation
Replies: 34
Views: 3662

Re: Morningstar/Kitces -- Social Security as Part of Asset Allocation

In defense of Kitces, he was responding to a hypothetical situation regarding Jack Bogle's comments about T-D funds and SS that Benz posed. Sort of a "what if" situation. It's not clear how he personally thinks about it (two different hats).

Interesting discussion though.
by mickeyd
Wed Jul 01, 2015 4:54 pm
Forum: Investing - Theory, News & General
Topic: Morningstar/Kitces -- Social Security as Part of Asset Allocation
Replies: 34
Views: 3662

Re: Morningstar/Kitces -- Social Security as Part of Asset Allocation

Thanks for that link. I have always thought of my SS, retired military and VA income streams as kind-of TIPS fund. Glad to hear that Kitces does too.
by mickeyd
Wed Jul 01, 2015 4:34 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 90
Views: 7618

Re: TIPS - Did you give up?

About 20% of my FI allocation is in ST TIPS fund. I used to be close to 50% of FI in TIPS but now that I am entitled to COLAd income streams from SSA, retired military, and VA I think that I have that partially covered, thus my reduction to 20%.
by mickeyd
Sun Jun 28, 2015 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: No gain in 9 months of investment
Replies: 23
Views: 4685

Re: No gain in 9 months of investment

As all good Bogleheads know, investing in Vanguard mutual funds is a marathon, not a sprint.

Stay the course.
by mickeyd
Sun Jun 21, 2015 3:58 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?
Replies: 81
Views: 11760

Re: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?

Nope.

I have always understood that most of my contemporaries had no long-term retirement plan. Since I did, and they did not, I knew that I would win in the end.
by mickeyd
Sun Jun 21, 2015 3:48 pm
Forum: Investing - Theory, News & General
Topic: Why do Bogleheads/BiggerPocketers think there is only one way?
Replies: 123
Views: 14113

Re: Why do Bogleheads/BiggerPocketers think there is only one way?

My question is why can't these two groups coexist?


They do coexist.

My question is~ Why try to pick a fight on your initial post?

BTW, welcome to the group.
by mickeyd
Sat Jun 20, 2015 2:33 pm
Forum: Investing - Theory, News & General
Topic: A Look Inside Jack Bogle's Office
Replies: 27
Views: 5060

Re: A Look Inside Jack Bogle's Office

Thanks Mel. Like this broken wheel reference •Bogle has always stressed the importance of stripping out fees and expenses whenever possible. His office illustrates the point: The rug, desk and couches are decades old, and he replaced his desk chair only recently, after its wheels broke. Made me smil...
by mickeyd
Sat Jun 20, 2015 2:06 pm
Forum: Investing - Theory, News & General
Topic: "An Interview With A Boglehead"
Replies: 18
Views: 2802

Re: "An Interview With A Boglehead"

Thanks for the article Taylor.

I liked this quote from Robert XXX
Accept what the market gives. Don’t try to beat it.
by mickeyd
Sat Jun 06, 2015 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Your Home Equity / Net Worth Ratio?
Replies: 119
Views: 8277

Re: Your Home Equity / Net Worth Ratio?

1. <10%
2. yes
3. SWAG 25%
by mickeyd
Sat Jun 06, 2015 1:13 pm
Forum: Personal Consumer Issues
Topic: D-Day message from France
Replies: 27
Views: 3018

Re: D-Day message from France

Wonderful photo. Thanks for posting.

France bailed US out in 1776 and we helped bail them out in 1944.
by mickeyd
Sat Jun 06, 2015 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Lifestrategy Expense Ratio
Replies: 6
Views: 846

Re: Lifestrategy Expense Ratio

The LS fund does not add an additional ER on top.


I think that is true for all of Vanguard's fund-of-funds.
by mickeyd
Sat Jun 06, 2015 1:02 pm
Forum: Investing - Theory, News & General
Topic: Year long hiatus from Bogleheads: How I found the 3-fund portfolio was right for me
Replies: 40
Views: 5146

Re: Year long hiatus from Bogleheads: How I found the 3-fund portfolio was right for me

I’ll still likely reach my goals and minimize my stress level at the same time. There's a lot to be said for simplicity. I simplified my accounts last year and can really appreciate the basis of your argument. My return has not seemed to have changed much and I have fewer distractions. Like I said,...
by mickeyd
Sat Jun 06, 2015 12:55 pm
Forum: Investing - Theory, News & General
Topic: Fidelity study identifies the most successful investors!
Replies: 34
Views: 4531

Re: Fidelity study identifies the most successful investors!

I think that the underlying message in this is that if you don't mess with your investment accounts, in the long run your will flourish financially. Even if you die.
by mickeyd
Sun May 31, 2015 4:09 pm
Forum: Investing - Theory, News & General
Topic: Ed Slott 'infomercial' on MPT [Maryland Public TV]
Replies: 21
Views: 2100

Re: Ed Slott 'infomercial' on MPT

I just have a hard time convincing myself that the powers-to-be (our gov't) won't change the rules down the road on the Roth IRA laws and pull the rug out from under us.


I am shocked, shocked, that you do not believe that your own US government does not have your best interest at heart. 8-)
by mickeyd
Sun May 31, 2015 2:02 pm
Forum: Investing - Theory, News & General
Topic: Ed Slott 'infomercial' on MPT [Maryland Public TV]
Replies: 21
Views: 2100

Re: Ed Slott 'infomercial' on MPT

I recall seeing him pitch his DVDs on PBS last year. Sounds like what you have seen also. I wonder what his "deal" with PBS is? You pledge $ to PBS and they send you DVDs. I doubt that he is doing it for free. For what it's worth, his presentation on PBS looked very much like an infomercia...
by mickeyd
Sun May 31, 2015 1:47 pm
Forum: Investing - Theory, News & General
Topic: Equity/Bond Allocation - Do Same Rules Always Apply?
Replies: 9
Views: 1012

Re: Equity/Bond Allocation - Do Same Rules Always Apply?

I am currently at a 85:15 equity/bonds allocation. When I was your age (I am now 70) I had about the same AA (80/20) but soon reduced equity to 70, then 60, and now at 50/50. This is the AA that fits my situation. My situation is a bit different than yours. I say this to bring home the point that w...
by mickeyd
Sun May 31, 2015 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Western Governor's University (WGU)
Replies: 15
Views: 1702

Re: Western Governor's University (WGU)

I recently read about another online university (Everest?) that went belly up and all students were left high/dry with no way to transfer credits or graduate. They just became creditors in the bankrupt company that ran the place. This is always a real possibility with the many online diploma mills t...
by mickeyd
Fri May 22, 2015 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 226
Views: 49450

Re: Share your networth progression

I don't have any numbers to share as it's too much work to dig them up.

1. LBYM

2. Save/invest regularly

3. Invest in equities over the long term

4. Enjoy retirement
by mickeyd
Fri May 22, 2015 3:54 pm
Forum: Investing - Theory, News & General
Topic: W. Buffett can earn 50% return, why don't you?
Replies: 31
Views: 3392

Re: W. Buffett can earn 50% return, why don't you?

I really don't care what return WB gets or what return other BHs get.

I am selfish that way.

I only care what my return is.
by mickeyd
Sun May 10, 2015 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: $25K Whole Life policy for daughter - $130/year - keep it?
Replies: 10
Views: 1290

Re: $25K Whole Life policy for daughter - $130/year - keep it?

"why do we even have this thing?"


That seems to be the right thinking. If she does not have a LI need, consider cashing it in.
by mickeyd
Sun May 10, 2015 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Frugality Reinforced - The Millionaire Next Door
Replies: 84
Views: 13076

Re: Frugality Reinforced - The Millionaire Next Door

Like others here, I read MND many years ago and saw myself on those pages so I had an inkling that I was doing the right things. Now I'm sure of it.
by mickeyd
Thu May 07, 2015 5:49 pm
Forum: Investing - Theory, News & General
Topic: Washington Post commentary on Buffett and Vanguard
Replies: 2
Views: 931

Re: Washington Post commentary on Buffett and Vanguard

Nice article. Thanks for posting.

It has $3.1 trillion under management, two-thirds of which is invested in 79 index funds, the first of which opened in 1976.
by mickeyd
Sun May 03, 2015 12:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total Bond Market Index [Exp.Ratio] now only 0.07%
Replies: 20
Views: 3891

Re: Vanguard Total Bond Market Index [Exp.Ratio] now only 0.07%

I noticed that TSM reduced from 0.06% to 0.05%. I did not realize that it had jumped from .05 to .06.
by mickeyd
Tue Apr 28, 2015 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: High yield bond funds advice????????
Replies: 18
Views: 1738

Re: High yield bond funds advice????????

I'd stay away from junk bonds and look for risk in equities.
by mickeyd
Tue Apr 28, 2015 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Primerica [as a job]
Replies: 12
Views: 1194

Re: Primerica

He said their mutual funds routinely get 12% so you can't beat that.


Is that stock, bond or MMF? "The coach"would be proud. :wink:
by mickeyd
Sun Apr 26, 2015 7:49 pm
Forum: Personal Consumer Issues
Topic: how to ask friend my money back?
Replies: 32
Views: 3763

Re: how to ask friend my money back?

He may have genuinely forgotten.


"Hey Chuck, have you forgotten to repay me or did I misunderstand about the party goods that I picked up?"
by mickeyd
Mon Apr 20, 2015 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: What's your average monthly expense???
Replies: 85
Views: 8895

Re: What's your average monthly expense???

If memory serves correct DW and I spend about $4K/month but that varies a lot due to travel, vacations etc. Since our usual income stream is quite a bit more than that, I seldom follow the figures too closely.
by mickeyd
Mon Apr 20, 2015 1:22 pm
Forum: Investing - Theory, News & General
Topic: Has anyone changed their asset allocation
Replies: 58
Views: 3857

Re: Has anyone changed their asset allocation

Has anyone here changed their asset allocation due to what seems like a long running and possibly tired bull market. I changed our AA from 60/40 to 50/50 within the last 12 months, but not because of any market timing strategy. I changed it because I wanted a more simple AA with less risk. As Dr. B...
by mickeyd
Sat Apr 18, 2015 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 66
Views: 9714

Re: Two Comma Club

davidsorensen32 wrote:Wonder how long it takes to get to 2M from 1M from here. Too bad, no one posts about 2M. Everyones about hitting the first 1M


As a married guy I have always considered $2M the first level of attaboy since $1M for a family of 2 is really only $500k each.
by mickeyd
Sun Apr 12, 2015 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: how safe is your life insurance company?
Replies: 3
Views: 755

Re: how safe is your life insurance company?

"only invest in safe investments, so any projected high returns cannot come to fruition." When Enron went belly up years ago John Hancock Life lost $700M (I think that's the figure) in Enron bonds. The investment VP (who was later fired) said that they thought that it was a safe investmen...
by mickeyd
Sun Apr 12, 2015 7:22 pm
Forum: Personal Consumer Issues
Topic: Gifts to take to Scotland.
Replies: 33
Views: 2568

Re: Gifts to take to Scotland.

Tee shirts for (your) local sports teams or university (size L or XL) works for me. It will make them remember you every time they put it on.
by mickeyd
Sun Apr 12, 2015 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Is Short-term Corp. Best With Total Bond?
Replies: 6
Views: 814

Re: Is Short-term Corp. Best With Total Bond?

Thanks, my original intention was to use the Intermediate-Term Index. But I'm finding its volatility with a year longer duration and no government agency mortgages a bit much. So now I'm weighing the benefits of intermediate corporates vs. short-term to complement Total Bond. FWIW I've been using t...
by mickeyd
Sun Apr 12, 2015 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 66
Views: 9714

Re: Two Comma Club

In any case, the journey continues.....


Congrats. I am annually disappointed that I have yet to reach the 3 comma club...the journey continues.
by mickeyd
Sun Apr 12, 2015 3:09 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 937
Views: 150098

Re: What Movie Have You Recently Watched?

The Sound of Music,


I was about 20 yo and GF wanted to see it even tho I hated musicals. I saw it and enjoyed it.

I also received the ultimate boyfriend reward later that night, which was the main reason I went in the first place. :wink:
by mickeyd
Fri Apr 10, 2015 6:36 pm
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 9824

Re: WSJ: You may need less than 80% in retirement

Tried to read it but WSJ kept asking me to subscribe. No thanks. 8-) As for the 80% number, I don't know. Since I retired about 10 years ago I just spend what I want to and I always seem to have plenty at the end of the month. I am assuming that my spending pattern is in line with my retirement inco...
by mickeyd
Thu Apr 09, 2015 12:47 pm
Forum: Personal Consumer Issues
Topic: Should I buy extended warranty for our new Toyota Sienna
Replies: 50
Views: 4257

Re: Should I buy extended warranty for our new Toyota Sienna

NO.

But don't worry you will receive many mail offers in the future to reconsider your smart decision.
by mickeyd
Mon Apr 06, 2015 8:03 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 937
Views: 150098

Re: What Movie Have You Recently Watched?

Saw Jersey Boys on HBO last night. Great movie that has all of those great Frankie Valli and 4 Seasons tunes of the 60's. I don't usually like musicals but this Clint Eastwood movie is a different kind of musical.
by mickeyd
Thu Apr 02, 2015 3:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prospectus
Replies: 14
Views: 1190

Re: Vanguard Prospectus

With yellow highlighter in hand, I read and save all reports that VG sends me in the mail. I retain only the most recent in each category (ann, sa,prosp etc). Once replaced by an updated booklet, I toss them in the recycling bin. On occasion I refer back to them to clarify some aspect of my portfoli...
by mickeyd
Sat Mar 28, 2015 3:12 pm
Forum: Investing - Theory, News & General
Topic: Risk Questionnaires: How they work?
Replies: 27
Views: 1998

Re: Risk Questionnaires: How they work?

How do companies take risk questionnaires and translate them to asset allocations? Are they all using the same equation/scoring? The way that I see it is that a company's risk questionnaire in not much more than a marketing piece that moves you along to making a decision to "sign on the line w...
by mickeyd
Sat Mar 28, 2015 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Can you really know your AA until you've hit a bear market?
Replies: 74
Views: 6033

Re: Can you really know your AA until you've hit a bear mark

Can you really know your AA until you've hit a bear mark


Shouldn't it read ""...know your risk tolerance.."?
by mickeyd
Sat Mar 28, 2015 2:55 pm
Forum: Personal Consumer Issues
Topic: Gift Ideas for 80 Yr Old Grandmother w/ Dementia
Replies: 23
Views: 1821

Re: Gift Ideas for 80 Yr Old Grandmother w/ Dementia

How about a photo album with simple explanation added i.e. "Here is Jane playing soccer" . "Here is Bob mowing the front lawn."

We did this for my Mom and she was thrilled with it as it was new every time she looked at it. Its all about showing the loved one that he/she is loved.
by mickeyd
Sat Mar 28, 2015 2:49 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri's 30 year market forecast 2015
Replies: 137
Views: 15475

Re: Rick Ferri's 30 year market forecast 2015

That [2014] column heading was "Real Return" which presumably is what this year's "BEFORE INFLATION RETURNS" is now supposed to mean, but yes, it's an odd way to word it. I changed the first column to "Before Inflation Returns" from "Real Returns" because mos...
by mickeyd
Sat Mar 28, 2015 2:43 pm
Forum: Investing - Theory, News & General
Topic: "Are Index-Fund Investors Smarter?"
Replies: 29
Views: 3729

Re: "Are Index-Fund Investors Smarter?"

When you buy an index fund, your only worry is the market's performance.


Oh no! I don't worry about anything. Should I be worrying about market performance?
by mickeyd
Thu Mar 12, 2015 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: [Poll] How long did you hold primary residence mortgage?
Replies: 34
Views: 3108

Re: [Poll] How long did you hold primary residence mortgage?

We had a 15 year mortgage (I thing it was about 6-7%) and repaid it in about 7 years.
by mickeyd
Thu Mar 12, 2015 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 152
Views: 13945

Re: When will / did you claim Social Security benefits?

I do believe, that the most of the Bogleheads posting on this thread, will make it past 90 years of age.


Thanks I needed that. I will not question your source nor ask for a link to verify it.

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