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Re: The Worst Investment You Can Make: Buying a Home

No, you should not buy a house. Also, you should never: get married, have children or pets, buy a car, eat in nice restaurants, take nice vacations or indulge yourself. You should save to the max, buy mutual funds, and never sell them so you can be the richest person in the cemetery. :oops:
by mlebuf
Sat Aug 23, 2014 4:38 am
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 15878

The Decline and Fall of Fund Managers

[Posted as new thread, merged here - admin alex] If The Wall Street Journal is any kind of indicator, the future of active fund managers is not bright. Earlier this week they ran an article about investors pouring into Vanguard funds and eschewing stock pickers. Now, Jason Zweig's latest column tel...
by mlebuf
Sat Aug 23, 2014 1:35 am
 
Forum: Investing - Theory, News & General
Topic: WSJ/Zweig- The Decline and Fall of Fund Managers
Replies: 21
Views: 2349

Re: "The Bogleheads' Guide to Investing -- Second Edition"

I'd say if you just want the overriding message, then don't buy the new book because the overall message hasn't changed. However, if you want to use it as a reference for various tax laws, contribution limits, our views on ETFs and back-door Roths, etc., then you'd want the new book. As the third c...
by mlebuf
Thu Aug 21, 2014 10:55 pm
 
Forum: Investing - Theory, News & General
Topic: "The Bogleheads' Guide to Investing -- Second Edition"
Replies: 42
Views: 6247

Investors Pour Into Vanguard, Eschewing Stock Pickers

That's the title of a new article in The Wall Street Journal . A few highlights: Investors are pouring money into Vanguard Group, the epitome of the hands-off approach to investing...The inflow has pushed the mutual-fund giant to almost $3 trillion in assets under management for the first time...The...
by mlebuf
Thu Aug 21, 2014 4:13 am
 
Forum: Investing - Theory, News & General
Topic: Investors Pour Into Vanguard, Eschewing Stock Pickers
Replies: 70
Views: 6645

Re: High School Reunions--Have you attended?

I had a similar occurrence. One of my HS friends was apparently murdered by her husband (another of our classmates) several years after graduation. I was not aware for many years because I just was not in touch with the HS people. Another TV episode...which I had seen and not realized it was them. ...
by mlebuf
Sun Aug 03, 2014 8:14 pm
 
Forum: Personal Consumer Issues
Topic: High School Reunions--Have you attended?
Replies: 79
Views: 5082

Re: High School Reunions--Have you attended?

I've been to several high school reunions and enjoyed them far more than I enjoyed high school. As a youngster, whenever people asked me, "How do you like school?" I replied, "Closed." I found college and grad school much more to my liking. The first reunion of my HS class held w...
by mlebuf
Sun Aug 03, 2014 5:47 pm
 
Forum: Personal Consumer Issues
Topic: High School Reunions--Have you attended?
Replies: 79
Views: 5082

Re: Advice on Keeping Inexpensive Long Term Care Policy

Take the policy. If they raise the rates prohibitively or have a track record of not paying, you can always cancel. Two-hundred dollars a year is hardly a big risk.
by mlebuf
Tue Jul 29, 2014 7:50 pm
 
Forum: Personal Consumer Issues
Topic: Advice on Keeping Inexpensive Long Term Care Policy
Replies: 7
Views: 742

Re: POLL: My home is worth less/more in 2014 than in 2007?

We bought our current home in late November of 1995. It appreciated nicely but not spectacularly for about 10 years. Then, when the real estate bubble came into being, the market price jumped 50 percent in just one year. I knew that was tale told by an idiot and would not last. When the bubble burst...
by mlebuf
Sun Jul 27, 2014 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: My home is worth less/more in 2014 than in 2007?
Replies: 94
Views: 5732

Re: How many Bogleheads golf?

I played golf twice a week for a year when I was in my early 30's. I decided that if I was going to spend that much time on an activity and get that frustrated, I wanted to be paid for it and became a writer. It turned out to be a good choice because nobody would pay to watch me play golf.
by mlebuf
Sat Jun 28, 2014 1:14 pm
 
Forum: Personal Consumer Issues
Topic: How many Bogleheads golf?
Replies: 81
Views: 4445

Re: Long-Term Care Insurance? Is it a good idea?

I vote no on buying LTC insurance in your 20's. The money is better spent buying disability insurance or term life insurance if it's needed. The best time to consider buying LTC insurance is when you are in your 50's. Chances are that you both will still be in good health and able to buy it. My gues...
by mlebuf
Wed Jun 25, 2014 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Insurance? Is it a good idea?
Replies: 24
Views: 1882

Re: A day in Dachau?

Two stories about Dachau: In the late '90's my wife, Elke and I visited Germany in May. She was born in the Bavarian village of Bad Tolz during the Battle of the Bulge and immigrated to the US when she was 16. We spent one of our mornings touring Dachau. I swear, the place still had a strange smell,...
by mlebuf
Tue Jun 24, 2014 11:14 pm
 
Forum: Personal Consumer Issues
Topic: A day in Dachau?
Replies: 38
Views: 2790

Re: Any [iPhone] "Apps" you like?

Here are the one's I find most handy on my iPhone: 1. Find My iPhone, iPad, Mac, etc. - Comes in very handy if you lose one. 2. Find My Car Smarter - For an additional $30 you can buy a dongle that plugs into the cigarette lighter and will automatically direct you to your car. With the free app, you...
by mlebuf
Fri Jun 13, 2014 12:33 am
 
Forum: Personal Consumer Issues
Topic: Any [iPhone] "Apps" you like?
Replies: 50
Views: 4163

Re: The in-laws are broke!

I believe that this issue has been discussed numerous times on these forums, but all situations are unique, and I thought I would bounce this off the bogleheads. As the title says, the in-laws are broke. They are in the late 70's and early 80's. My father-in-law, a financial planner by trade, did n...
by mlebuf
Sun May 25, 2014 10:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: The in-laws are broke!
Replies: 128
Views: 16490

It’s Twilight for Managed Mutual Funds

That's the title of a recent post at Scott Burn's blog. The first paragraph reads: It doesn’t matter how many pages of advertising they take out in the glossy financial magazines. Ditto how many minutes of ads they buy on television. It doesn’t even matter how many salespeople they send out disguise...
by mlebuf
Tue May 20, 2014 12:56 am
 
Forum: Investing - Theory, News & General
Topic: It’s Twilight for Managed Mutual Funds
Replies: 23
Views: 2502

Re: To: Taylor Larimore: Early Withdrawals

Hi Bogleheads: One of the great mysteries to me are the Great Debates over Safe Withdrawal Rates (SWR). I put Safe Withdrawal Rates into Google and it came up with more than 16,000 hits. One wonders how people managed to retire without knowing their "SWR." Mathematicians love numbers. For...
by mlebuf
Thu May 15, 2014 10:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: To: Taylor Larimore: Early Withdrawals
Replies: 23
Views: 2841

Re: Happy Birthday John C. Bogle !

Hi Jack: Warmest birthday wishes from Elke and me. Hope you had a great birthday and have many more. As Mel said, "We need you." Keep spreading the good word on the investing strategy that you made possible. To quote the late Katherine Graham, "To do what you love and feel that it mat...
by mlebuf
Thu May 08, 2014 11:50 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday John C. Bogle !
Replies: 37
Views: 1921

Re: Buffett pulls further ahead

Rick Ferri wrote:In Year 6, Mr. Buffett’s lead has only widened. His index fund is up 43.8 percent since the bet began in January 2008, while the collection of hedge fund managers is up about 12.5 percent.


Don't you just hate it when that happens? Me neither. :D
by mlebuf
Sun May 04, 2014 9:33 pm
 
Forum: Investing - Theory, News & General
Topic: Buffett pulls further ahead
Replies: 16
Views: 3100

Re: Tell Me I'm Stupid To Consider Quitting My Job and Movin

"Pete" in the Article sounds suspiciously like Mr. Money Mustache, although I'd love to know how one gets $25K in income for life off of $600K in investments. Go here and see what an immediate annuity will pay you and your spouse for life if both of you were age 40. That's the lowest age ...
by mlebuf
Wed Apr 30, 2014 4:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 123
Views: 27958

Re: Tell Me I'm Stupid To Consider Quitting My Job and Movin

This article offers some excellent insights for anyone who asks, "Do I have enough to retire?" It's written by Morgan Housel, one of the best young financial writers to come along in a very long time.

http://www.fool.com/investing/general/2 ... -rich.aspx
by mlebuf
Wed Apr 30, 2014 3:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 123
Views: 27958

Re: Tell Me I'm Stupid To Consider Quitting My Job and Movin

If I could be totally honest with myself and others, I wish that I had the courage to live my life the way that I want to live it, and not the way that others expect me to live it. I'm sure that is some quote from a movie or poster or something, but that's how I feel. I guess I need to figure out h...
by mlebuf
Fri Apr 25, 2014 5:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 123
Views: 27958

Re: Tell Me I'm Stupid To Consider Quitting My Job and Movin

Hi Random Poster, If I were 37, had a net worth of almost $2 million and hated my job, I'd be out of there faster than a jackrabbit on a date. Lest you think I'm crazy, read on. When I was approaching age 45, I realized that I could be very happy if it weren't for two things: my wife and my job. My ...
by mlebuf
Thu Apr 24, 2014 5:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 123
Views: 27958

Video: Interview with Jonathan Clements and Jason Zweig

Here's a great interview with 2 of the very best financial/investment journalists in the business. It's filled with excellent information, especially for those nearing or in retirement.

https://www.youtube.com/watch?v=IC1seH7Z42I
by mlebuf
Sat Apr 12, 2014 9:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Video: Interview with Jonathan Clements and Jason Zweig
Replies: 4
Views: 608

Re: Pay Off Mortgage

I vote for keeping the mortgage for two reasons: 1. You are both young. 2. You have a 15-year loan at an incredibly low rate. You will have the house paid off by age 53, if not sooner if you keep the mortgage. In another 5 - 10 years your salary and taxable account may grow to a size where paying of...
by mlebuf
Fri Apr 04, 2014 3:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage
Replies: 56
Views: 4051

Re: I'm 18 and very eager to start investing in stocks. Advi

Hi Nano535, From your posts, you remind me of myself when I was a freshman at LSU – eager to succeed but not sure of in which direction to go. You are getting good advice on this thread and you have come to the right place to learn the fundamentals of sound investing. Being a successful investor is ...
by mlebuf
Sun Mar 30, 2014 5:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: I'm 18 and very eager to start investing in stocks. Advice?
Replies: 42
Views: 3009

Re: Get ready for the Dow at 6,000 by 2016: Pro

The historical accuracy of economic and market forecasters ranks right up there with astrologers, psychics, fortune tellers and Tarot Card readers. Anybody who believes that ANYONE can forecast the market consistently is on a fool's errand.
by mlebuf
Wed Mar 05, 2014 4:07 pm
 
Forum: Investing - Theory, News & General
Topic: Get ready for the Dow at 6,000 by 2016: Pro
Replies: 46
Views: 5124

Re: Cost Analysis: Living in CA vs the South

Although I have never lived in Southern California, I have visited many times and plan to visit in the future. As someone from the South who no longer lives in the South, I believe that moving to California will give you a serious dose of sticker shock - in addition to the traffic and other issues t...
by mlebuf
Thu Jan 30, 2014 2:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost Analysis: Living in CA vs the South
Replies: 79
Views: 5956

Re: JOHN BOGLE'S NOMINATION FOR ECONOMIC LAUREATE

Taylor, Thank you for coming up with such a superb idea! I always knew you are smart but you've gotten a lot smarter since your birthday. :D With so many daily readers on this forum, perhaps someone who is asked to submit nominations, or someone who knows someone who is, will read your post and make...
by mlebuf
Wed Jan 29, 2014 10:59 pm
 
Forum: Investing - Theory, News & General
Topic: JOHN BOGLE'S NOMINATION FOR PRESIDENTIAL MEDAL OF FREEDOM
Replies: 43
Views: 5223

Re: TAYLOR'S UPCOMING 90th BIRTHDAY

Happy Birthday, Taylor! What a privilege it is having known you all these years. You call your book summaries, "Gems" but you are indeed the true gem. You are the consummate gentleman, a great friend, and a wonderful coauthor whose leadership and contribution to this forum is priceless. Co...
by mlebuf
Thu Jan 23, 2014 4:44 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Taylor's 90th Birthday
Replies: 272
Views: 22434

Re: What does a Bogle TV look like?

Shortly after moving to our current home in 1996, I bought a 61" Toshiba rear projection TV for the family room. It weighs a ton and was very reliable. My plan was to replace it when it broke. However, it never broke. So, this September I upgraded to a 90" Sharp LED HDTV. OMG! What a diffe...
by mlebuf
Thu Jan 02, 2014 12:24 am
 
Forum: Personal Consumer Issues
Topic: What does a Bogle TV look like?
Replies: 78
Views: 4388

Re: Eye Blood Vessel Broke

I'm not a physician but I have had a blood vessel burst in my eye a dozen or more times over 7 decades. Other than looking horrible, there were no other consequences.You may want to wear dark glasses to spare your friends/family. This too shall pass.
by mlebuf
Tue Dec 17, 2013 9:44 pm
 
Forum: Personal Consumer Issues
Topic: Eye Blood Vessel Broke
Replies: 12
Views: 1181

Re: Dog qualifies for financial adviser honor

In the late '90's I got an invitation via snail-mail to apply for a Costco card. The card required paying an annual fee. I applied and was turned down. Don't ask me why. I had good credit history, a substantial net worth and the only debt I had was my home mortgage. Shortly after being refused, I go...
by mlebuf
Fri Oct 04, 2013 3:10 am
 
Forum: Investing - Theory, News & General
Topic: Dog qualifies for financial adviser honor
Replies: 19
Views: 2428

Re: "John Bogle's Enduring Wisdom"

If the measure of someone's success is the positive impact their work has on the lives of others, Jack Bogle is in a very elite category. His gift will keep on giving to us and to generations yet unborn. Thank you for the link, Taylor, and thank you, Art Carey for another great article about our men...
by mlebuf
Sun Sep 15, 2013 6:42 pm
 
Forum: Investing - Theory, News & General
Topic: "John Bogle's Enduring Wisdom"
Replies: 14
Views: 3345

Re: Genworth Long Term Care

We purchased Genworth LTC policies in 2001 when they were known as GE Capital. A few weeks ago we received notice that our premiums will be increased by 25 percent this year and will likely increase more in future years. This will be the first rate increase.
by mlebuf
Sat Sep 14, 2013 1:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Genworth Long Term Care
Replies: 19
Views: 2108

Re: Wife: Surprise, we now have a cat.

congratulations! We are crazy about our cats in our household. Ours are very spoiled and pampered. I would also recommend doing the spaying and neutering, and don't declaw them. My cats scratch the furniture but I am just resigned to it. I will not buy new furniture till they pass on. In the do as ...
by mlebuf
Fri Sep 13, 2013 1:42 am
 
Forum: Personal Consumer Issues
Topic: Wife: Surprise, we now have a cat.
Replies: 89
Views: 7910

Re: Wife: Surprise, we now have a cat.

Hi Guitarguy, As a life long cat lover, I believe you are in for a real treat. Your story brings back memories of two cats. I had a black cat named "Oliver." I called Oliver "my good luck black cat" because I had a streak of great luck for the entire 14.5 years that I had him. Th...
by mlebuf
Wed Sep 11, 2013 3:58 pm
 
Forum: Personal Consumer Issues
Topic: Wife: Surprise, we now have a cat.
Replies: 89
Views: 7910

Re: The Incredible Importance of Social Security

Social Security, among other things provides an inflation adjusted annuity to recipients. In attempting to find another source to determine the cost of an inflation-adjusted annuity I found an article from USA Today titled, "Should you buy an inflation-adjusted annuity?" In the article I f...
by mlebuf
Tue Sep 10, 2013 1:48 am
 
Forum: Investing - Theory, News & General
Topic: The Incredible Importance of Social Security
Replies: 97
Views: 10226

The Incredible Importance of Social Security

That's the title of a recent Scott Burns column that I found very eye-opening and perhaps you will too. Only the top decile--- the top 10 percent of all households--- has more in actual financial assets than they have in virtual Social Security wealth. At $643,100, their Social Security wealth is on...
by mlebuf
Sat Sep 07, 2013 6:24 pm
 
Forum: Investing - Theory, News & General
Topic: The Incredible Importance of Social Security
Replies: 97
Views: 10226

Re: "Crazy Talk: Buy and Hold is Dead"

Great point, Taylor. One interesting thing I've noticed about people who tell me that buy and hold is dead: They are the same ones who want me to pay them to try and time the market using my money. :annoyed

It's a con game that would make a carnival barker blush.
by mlebuf
Sat Sep 07, 2013 6:15 pm
 
Forum: Investing - Theory, News & General
Topic: "Crazy Talk: Buy and Hold is Dead"
Replies: 6
Views: 1256

Re: Predicting the Past

One of the contributors to the old Morningstar Diehard forum was a wise old investor with the username, Ozark. This is one of his posts in which he mentions "Beta" : Best wishes. Taylor Hi Taylor, Thank you so much for posting Ozark's thoughts from many years back. Those words are pure go...
by mlebuf
Thu Aug 15, 2013 7:32 pm
 
Forum: Investing - Theory, News & General
Topic: There Is No Such Thing As Better Beta
Replies: 102
Views: 5817

Re: New Chinese version of The Bogleheads' Guide to Investin

Taylor Larimore wrote:
Fallible wrote:Congratulations Mel, Taylor, and Michael. :thumbsup

And to Jack Bogle whose vast experience and wisdom gave us guidance and inspiration.

Best wishes.
Taylor


+1
by mlebuf
Mon Aug 12, 2013 11:25 pm
 
Forum: Investing - Theory, News & General
Topic: New Chinese version of The Bogleheads' Guide to Investing
Replies: 16
Views: 1224

Re: 83% increase on car insurance !!!

After being a State Farm Customer for 35 years, they increased my homeowner's premium 70% even though I had not filed a claim in years. The agent gave me a song and dance about the number of new claims for mold. Later I learned in a "Wall Street Journal" article that State Farm put a lot o...
by mlebuf
Tue Jul 30, 2013 3:53 am
 
Forum: Personal Finance (Not Investing)
Topic: 83% increase on car insurance !!!
Replies: 23
Views: 2727

Re: lost job - can I retire now

In addition to looking at the financial picture, you may want to take a look at this site: http://earlyretirementextreme.com/does-retiring-early-lead-to-a-shorter-lifespan.html The main positive in your financial picture is that you have only one mouth to feed. That gives you the luxury of being fle...
by mlebuf
Sat Jul 27, 2013 12:21 am
 
Forum: Personal Finance (Not Investing)
Topic: lost job - can I retire now
Replies: 39
Views: 5934

Re: Really hard to avoid "Keeping up with the Joneses"!

Morgan Housel discusses the topic of consumption vs. wealth in an article entitled, "Wealth Is What You Don't See."

http://www.fool.com/investing/general/2 ... t-see.aspx
by mlebuf
Thu Jul 25, 2013 11:49 pm
 
Forum: Personal Consumer Issues
Topic: Really hard to avoid "Keeping up with the Joneses"!
Replies: 93
Views: 10156

Re: Wife's birthday gift

My policy is that birthday, anniversary and Holiday gifts are all about the heart and not the pocketbook. Decide how much you want to spend and buy her something that will make her feel loved and appreciated. It doesn't have to be a romantic gift. Sometimes a gift that she will use and appreciate fi...
by mlebuf
Sun Jul 21, 2013 8:44 pm
 
Forum: Personal Consumer Issues
Topic: Wife's birthday gift
Replies: 9
Views: 1112

Re: Running of the Bulls!!!

An alternative: Running of the Bulls - New Orleans. Everybody dressed in white with red scarves like Pamplona, Spain. Rollergirls with horned helmets and plastic bats skating through the streets. https://www.youtube.com/watch?v=uw8MCLGVRyA http://www.neworleansonline.com/neworleans/festivals/multic...
by mlebuf
Sat Jul 20, 2013 2:21 am
 
Forum: Personal Consumer Issues
Topic: Running of the Bulls!!!
Replies: 25
Views: 1815

Re: Any experience with Arbonne (scam?) ?

My observation has been that the very few people who make money in MLM are those at the very top, those who speak at MLM rallies and those who sell books/audio/video programs to members. It's common to find people in the business that do all three of those things. As if by sheer coincidence, those a...
by mlebuf
Thu Jul 18, 2013 1:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Any experience with Arbonne (scam?) ?
Replies: 22
Views: 19933

Re: The hazards of retiring ...

ThatGuy wrote:
mlebuf wrote:As one of my grad school buddies told me, "Work is the curse of the drinking class." :sharebeer


You went to school with Oscar Wilde?


Yes, and I still don't have Alzheimer's. :D

Thanks for making me aware of who originated the line. Next time I'll give it the correct attribution.
by mlebuf
Wed Jul 17, 2013 4:14 am
 
Forum: Personal Consumer Issues
Topic: The hazards of retiring ...
Replies: 73
Views: 8319

Re: The hazards of retiring ...

I retired from university teaching at age 47 and that was 24 years ago. If the study is correct, my current IQ is approaching that of plant life. I do notice two marked changes as I age: I'm losing my memory and............................I forgot what the other one is. As one of my grad school budd...
by mlebuf
Mon Jul 15, 2013 8:41 pm
 
Forum: Personal Consumer Issues
Topic: The hazards of retiring ...
Replies: 73
Views: 8319

Re: I want term, they're pushing whole life.

The insurance rep will never agree that whole life is a bad investment. Don't waste your time getting into a discussion with him/her. Simply say, "I am going to buy term insurance from you or another carrier. Give me a quote, and I'll get back to you unless I get a better price elsewhere."...
by mlebuf
Sat Jul 13, 2013 10:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: I want term, they're pushing whole life.
Replies: 48
Views: 3518
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