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by mlebuf
Mon May 25, 2015 4:01 pm
Forum: Local Chapters and Bogleheads Community
Topic: Memorial Day
Replies: 18
Views: 1091

Re: Memorial Day

Hi Taylor, Thanks to you and all veterans for your service. In my book all veterans, as well as the ones who gave it all are heroes. Here's an interesting story about America's oldest living veteran: http://www.newsmax.com/Politics/Richard-Overton-Americas-Oldest-Veteran/2015/05/25/id/646533/?ns_mai...
by mlebuf
Sun May 24, 2015 7:20 pm
Forum: Personal Consumer Issues
Topic: Sun City Arizona = Retirement help.
Replies: 50
Views: 6428

Re: Sun City Arizona = Retirement help.

Do Arizona residents feel the water situation is under control? When I moved to Metro-Phoenix in 1996, the word was that Phoenix had enough water to last at least 50 years. At that time they were already rationing water in parts of California. I don't know if water predictions for Phoenix have been...
by mlebuf
Wed May 20, 2015 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Buy a House?
Replies: 33
Views: 1589

Re: Should I Buy a House?

This brief video discussing home ownership may prove to be helpful:
http://www.fool.com/investing/general/2 ... lnk0000003
by mlebuf
Wed May 20, 2015 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Buy a House?
Replies: 33
Views: 1589

Re: Maybe I shouldn't buy a house?

The decision to rent or buy is best made as a lifestyle decision and not as an investment decision. I didn't buy my first house until age 33. I was single and enjoyed apartment living. However, I am also an amateur radio operator and wanted to live some place where I could put up an antenna. That wa...
by mlebuf
Sat May 16, 2015 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 11228

Re: How much does social security factor into your retirement income?

Confused wrote:None. I make my decisions based on the assumption that we will get zero from Social Security.


+1 - That's what I did and the SS checks make for very nice icing on the retirement cake.
by mlebuf
Sat May 16, 2015 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 11228

Re: How much does social security factor into your retirement income?

How much Social Security will factor into retirement incomes in the future is speculative. However, this article by Scott Burns tells us how much it factored into retirees' incomes in 2008:
http://assetbuilder.com/scott_burns/the ... l_security
by mlebuf
Thu May 14, 2015 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Am I a Millionaire???
Replies: 53
Views: 6380

Re: Am I a Millionaire???

The meaning of the word "millionaire" often depends on whom you ask. To the Fed and census takers it means having a total net worth of at least $1 million. That includes, your home, cars, cash, investments and anything of value minus your debts. To others (most notably those who sell and m...
by mlebuf
Thu May 14, 2015 9:27 pm
Forum: Investing - Theory, News & General
Topic: Too late to invest in Health Care Fund?
Replies: 56
Views: 4540

Re: Too late to invest in Health Care Fund?

It has been observed and said many times: Wall Street is a place where people love to buy at inflated prices and run away from a sale. Nevertheless, I've owned Vanguard Health Care for many years and it has been very good to me. One caveat: the fund does tend to be tax inefficient so it's better hel...
by mlebuf
Thu May 14, 2015 1:47 am
Forum: Personal Finance (Not Investing)
Topic: Share the life lessons that you learned in your 30's.
Replies: 27
Views: 2671

Re: Share the life lessons that you learned in your 30's.

Looking back, the worst thing I did in my 30's was waste a year or two playing golf. Other than being outside in the fresh air, I didn't find it satisfying and didn't have the patience to persist and get better at it. I also realized that in my particular case, it paid poorly and my salary as a univ...
by mlebuf
Sun May 10, 2015 8:05 pm
Forum: Personal Consumer Issues
Topic: Unsolicited Advice for Everyone About to Graduate College
Replies: 2
Views: 596

Re: Unsolicited Advice for Everyone About to Graduate College

Fallible wrote:Bad bosses love suck-ups, don't mind insincerity, if they can even recognize it, and may or may not be capable of knowing what is "good" work.


Having had my share of both good and bad bosses, I totally agree.
by mlebuf
Sun May 10, 2015 7:34 pm
Forum: Personal Consumer Issues
Topic: Unsolicited Advice for Everyone About to Graduate College
Replies: 2
Views: 596

Unsolicited Advice for Everyone About to Graduate College

This is another great column from Morgan Housel. Just about all of us know someone who is graduating this month or in the near future. You may want to pass this along to them: http://www.fool.com/investing/general/2015/05/06/unsolicited-advice-for-everyone-about-to-graduate.aspx?source=iaasitlnk0000...
by mlebuf
Sun May 10, 2015 7:12 pm
Forum: Personal Consumer Issues
Topic: Should I buy a lighter bicycle or lose body weight?
Replies: 53
Views: 3990

Re: Should I buy a lighter bicycle or lose body weight?

This is a no-brainer. If you are overweight, lose the weight. In either case, lose the bike salesman.
by mlebuf
Sat May 09, 2015 2:53 pm
Forum: Local Chapters and Bogleheads Community
Topic: Phoenix/Scottsdale Chapter Meetup
Replies: 5
Views: 553

Re: Phoenix/Scottsdale Chapter Meetup

Hi Kevin,

Count me in as one who will be there.
by mlebuf
Fri May 08, 2015 7:24 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday Mr. Bogle
Replies: 40
Views: 1913

Re: Happy Birthday Mr. Bogle

Happy Birthday, Jack! Thanks to you we no longer have to ask, "Where are the customers' yachts?" A good number of them are owned by Vanguard investors. How sweet it is.
by mlebuf
Thu May 07, 2015 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 61
Views: 12277

Re: If I Knew Then What I Know Now

As to the net worth of homeowners vs. renters here are the facts: http://economistsoutlook.blogs.realtor.org/2014/09/08/net-worth-of-homeowners-vs-renters/ It's certainly possible to be a lifelong renter and become financially independent. But the odds favor home ownership for most people. The majo...
by mlebuf
Thu May 07, 2015 1:34 am
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 24
Views: 1912

Re: Update - Author Advice - Choose Co-author?

Hello everyone, Today my book proposal got accepted for publication. I did it all on my own without a co-author. I appreciate all of your previous advice and support. I had wavered a bit, not knowing whether I could actually write well. Now I am really glad that I didn't pursue co-authorship! This ...
by mlebuf
Mon May 04, 2015 3:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Claims Title of World’s Largest Bond Fund
Replies: 20
Views: 2340

Vanguard Claims Title of World’s Largest Bond Fund

Just read this in "The Wall Street Journal" online: Pacific Investment Management Co.’s flagship Total Return fund ceded its title as largest bond mutual fund to rival Vanguard Group, according to April data released by both companies. Link: http://www.wsj.com/articles/pimcos-total-return-...
by mlebuf
Sun May 03, 2015 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should we increase umbrella policy for pool?
Replies: 6
Views: 946

Re: Should we increase umbrella policy for pool?

If you are worried about someone accidentally drowning or being injured in your pool, you might want to consider getting an automatic pool cover. One of our neighbors did that when his two children were small. The best medicine is preventive medicine. Another option is a pool fence.
by mlebuf
Fri May 01, 2015 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Too late for career change/worth it?
Replies: 44
Views: 5880

Re: Too late for career change/worth it?

I don't want to see myself at 50-55 with grease all over myself. You are thinking ahead and that's very important. Just keep in mind that there are two basic ways to make money: 1. Labor - You work hard for a paycheck. Most people never get beyond this step and live from paycheck to paycheck. 2. Ca...
by mlebuf
Thu Apr 30, 2015 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Too late for career change/worth it?
Replies: 44
Views: 5880

Re: Too late for career change/worth it?

Hi Joeinfla, By all means pursue and get a degree in a major that will open doors for you. Just be sure and graduate. The best time to increase your earning potential was 10 year ago. The second best time is today. In case you haven't read it, this is an outline of a talk I gave to college students ...
by mlebuf
Mon Apr 27, 2015 2:36 pm
Forum: Investing - Theory, News & General
Topic: [Janitor in Vermont leaves millions] A true Boglehead!
Replies: 55
Views: 4075

Re: WP: Janitor accumulates $8 million estate

But there is also a cautionary tale about recognizing the value of your finite time here on Earth. Perhaps learning to enjoy life while you can is part of that equation. It really boils my blood when I see this assumption that you must spend spend spend in order to live a good, happy, & fulfill...
by mlebuf
Thu Apr 23, 2015 7:24 pm
Forum: Investing - Theory, News & General
Topic: What is a Boglehead?
Replies: 55
Views: 2964

Re: What is a Boglehead?

Broker's worst nightmare.
by mlebuf
Tue Apr 21, 2015 1:44 am
Forum: Personal Finance (Not Investing)
Topic: Teachers: 9 or 12 month salary?
Replies: 26
Views: 3534

Re: Teachers: 9 or 12 month salary?

When I was in my final semester of grad school and had accepted a job as an assistant professor in the coming fall, I had the option of getting my 9 month salary in either 9 or 12 paychecks. Financial logic has it that it's better to get the money in 9 paychecks and get more money upfront. Why give ...
by mlebuf
Sun Apr 19, 2015 1:24 am
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 43
Views: 6485

Re: Still having a hard time on retiring

I have many hobbies besides and I fish, hunt and hike that takes all my spare time now. As far as some part time work I could go to work tomorrow if I wanted to. If I do any part time work it will be a job that I can get my hands dirty and physical labor is where I want to be at. If that is the cas...
by mlebuf
Sat Apr 18, 2015 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 43
Views: 6485

Re: Still having a hard time on retiring

I want to leave at my peak not when I hate the place. Everything I read is just the opposite leave if you hate keep working if you love it. I have always danced to a different drummer but not before I fully have thought out things. Thanks again for the reassurance. That sheds a whole new light on y...
by mlebuf
Sat Apr 18, 2015 1:08 am
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 43
Views: 6485

Re: Still having a hard time on retiring

Hi Mule, Is this a joke? You have financial assets worth 70 times yearly spending and you are afraid to retire? If that is the case, there must be an issue other than money that concerns you..... unless you have enormous faith in medical science. :happy I retired early from my day job at 47. That wa...
by mlebuf
Fri Apr 17, 2015 2:57 am
Forum: Personal Consumer Issues
Topic: noise-blocking headphones
Replies: 39
Views: 3194

Re: noise-blocking headphones

Some years ago I tried several brands of over-the-ear noise canceling headphones. The clear winner was Bose. They are like a Hollywood divorce: expensive but worth it. I use them when I fly. Plug them into my iPhone, play some soft music and arrive at my destination feeling relaxed and rested. To be...
by mlebuf
Tue Apr 14, 2015 7:09 pm
Forum: Investing - Theory, News & General
Topic: Very Few Soothsayers are Truth Sayers
Replies: 3
Views: 517

Very Few Soothsayers are Truth Sayers

This excellent article by Morgan Housel illustrates why we should pay no attention to economic and stock market forecasters, market timers, tea leaf readers, astrologers, and the like:
http://www.fool.com/investing/general/2 ... lnk0000003
by mlebuf
Sun Apr 12, 2015 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Engineering as a career for a graduating HS student ?
Replies: 60
Views: 4516

Re: Engineering as a career for a graduating HS student ?

Great information being provided on this thread. Mechanical Engineering is a very good major at worst for those endowed with a natural aptitude for it. With your son enjoying math and physics courses and working in hands-on competitions, he seems like a good candidate to become an excellent ME. I sp...
by mlebuf
Wed Apr 01, 2015 4:11 pm
Forum: Investing - Theory, News & General
Topic: Sheldon Jacobs, Author in Rise of No-Load Funds, Dies at 84
Replies: 6
Views: 602

Re: Sheldon Jacobs, Author in Rise of No-Load Funds, Dies at

So sorry to learn about the passing of Sheldon Jacobs. Although I never subscribed, I read/heard good things about his newsletter from Hulbert and others. Many years ago, I went to a local AAII meeting where Sheldon Jacobs was the guest speaker. He came across as a very down to earth, nice guy. I re...
by mlebuf
Tue Mar 31, 2015 5:35 pm
Forum: Local Chapters and Bogleheads Community
Topic: A special day for two World War II veterans
Replies: 20
Views: 1775

Re: A special day for two World War II veterans

Congratulations, Taylor! You haven't changed a bit since I last saw you in Las Vegas at a Boglehead reunion in 2007. Years before that I sent you an article about a 100 year-old guy in Miami who credited his longevity to his doctor. I jokingly suggested that you might want to look into finding that ...
by mlebuf
Fri Mar 27, 2015 12:59 am
Forum: Personal Consumer Issues
Topic: New Orleans Destinations
Replies: 21
Views: 1604

Re: New Orleans Destinations

I'm from New Orleans and we usually go back to visit a couple of times a year. Two of our favorite restaurants that have not been mentioned: 1. Zea Rotisserie Grill - They have many locations and the food is outstanding. Two my favorite dishes are the twice-cooked crispy duck and the Thai ribs. http...
by mlebuf
Tue Mar 24, 2015 9:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard HealthCare Fund
Replies: 68
Views: 6625

Re: Vanguard HealthCare Fund

Post removed by author.
by mlebuf
Tue Mar 24, 2015 8:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard HealthCare Fund
Replies: 68
Views: 6625

Re: Vanguard HealthCare Fund

Vanguard HealthCare was one of the first funds I bought when moving my investments to Vanguard in 1998. It has been very good to me. I kept hearing arguments that it was overpriced, the value is already priced in and it's very risky. However, it was my observation that health care is not subject to ...
by mlebuf
Sat Mar 21, 2015 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Route to an $8 Million Portfolio Started With Frugal Living
Replies: 31
Views: 5222

Re: Route to an $8 Million Portfolio Started With Frugal Liv

I think that is a very sad situation. The guy was extremely frugal and continued to be extremely frugal even after he had considerable net worth. I don't want to be like that, and I don't think he is a good lesson for others. The lesson should be to live a balanced life - live below your means most...
by mlebuf
Fri Mar 20, 2015 1:16 am
Forum: Investing - Theory, News & General
Topic: An inspiring message for Bogleheads
Replies: 56
Views: 4522

Re: An inspiring message for Bogleheads

H.L. Mencken described a cynic as someone who smells flowers and looks for a coffin. In the grand scheme of things, whether the numbers in Peter's account add up or not is irrelevant. What is important is that a young man has learned the value of saving, investing and the power of compound interest....
by mlebuf
Thu Mar 19, 2015 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: What Age Did You First Ponder Financial Independence?
Replies: 74
Views: 7616

Re: What Age Did You First Ponder Financial Independence?

When I was in college, one of my professors told the class about Alfred Sloan making his senior executives at General Motors financially independent. Sloan did that because he did not want to be surrounded by, "yes men" who would agree with everything the boss said. I remember thinking, &q...
by mlebuf
Thu Mar 19, 2015 2:32 pm
Forum: Investing - Theory, News & General
Topic: Phil Town: "Rule #1 Investing"
Replies: 11
Views: 1276

Re: Phil Town: "Rule #1 Investing"

It's always very disappointing to see someone selling snake oil to the financially illiterate. There are times when I get frustrated with the Bogleheads, but at least I know I'm singing with St. Jack and the angels. In addition to being persuasive, the best salespeople tell people the truth and help...
by mlebuf
Sun Mar 15, 2015 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 61
Views: 12277

Re: If I Knew Then What I Know Now

Excellent content, I totally agree with your points. I recently made a similar presentation to a number of peers and while I think that some gained valuable information that they will implement in the future, it was amazing the number who totally tuned out and showed minimal interest. I suppose you...
by mlebuf
Sun Mar 15, 2015 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 61
Views: 12277

Re: If I Knew Then What I Know Now

Mlelbuf, I posted your speech verbatim on my Facebook page and it has been shared or reposted several times. Great job! Thank you for doing that. I would encourage everyone to post my remarks anywhere they can be seen by those who may benefit from the message. Better yet, post a link to this thread...
by mlebuf
Sun Mar 15, 2015 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 61
Views: 12277

Re: If I Knew Then What I Know Now

Good information. Next time you use this you may consider altering the personal choices heading to frame these in terms of financial impacts rather than suggestions. Personally, I'm not comfortable suggesting to someone that they "have a moderate number of children" or decline to live in ...
by mlebuf
Sun Mar 15, 2015 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 61
Views: 12277

Re: If I Knew Then What I Know Now

A very good outline for a presentation, yes. Some might quibble with the 20x annual spending and 5% withdrawal rate... Also, I'm not sure that Most renters reach retirement with little or no net worth is correct... First, I want to thank all of you for your very kind comments and suggestions. I jus...
by mlebuf
Sat Mar 14, 2015 8:22 pm
Forum: Investing - Theory, News & General
Topic: "6 Lessons From the 6-Year-Old Bull Market"
Replies: 11
Views: 2863

Re: "6 Lessons From the 6-Year-Old Bull Market"

Thank you for posting that link, Taylor. And thank you, Allan for another terrific column. I'm one of your biggest fans.
by mlebuf
Sat Mar 14, 2015 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 61
Views: 12277

If I Knew Then What I Know Now

Last October, a friend who teaches Management at Arizona State University invited me to be a guest speaker in his classes. Knowing that I would be speaking to several hundred students, most of who were about 20 years of age, I told him, that if it was OK, I'd like to tell them how to become financia...
by mlebuf
Sat Mar 14, 2015 2:26 am
Forum: Personal Finance (Not Investing)
Topic: Understanding Your Net Worth
Replies: 25
Views: 3701

Understanding Your Net Worth

This column from Scott Burns contains some basic information on calculating personal net worth and discusses what he calls, "virtual wealth" (Social Security, pensions) and the important role it can play in retirement planning. http://assetbuilder.com/scott_burns/understanding_your_net_worth
by mlebuf
Tue Mar 10, 2015 9:31 pm
Forum: Investing - Theory, News & General
Topic: Bernstein: 2% investment returns over next 20 years
Replies: 216
Views: 24639

Re: Bernstein: 2% investment returns over next 20 years

As fate would have it, I was just reading a thread started by Taylor Larimore. It is titled, "The Single Greatest Predictor of Stock Market Returns." One of Taylor's posts in that thread has the following quote: William Bernstein, author and adviser: "There are two kinds of investors,...
by mlebuf
Sat Mar 07, 2015 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: How long did you stay in your starter home?
Replies: 87
Views: 5168

Re: How long did you stay in your starter home?

Stayed in my first home 20 years and 10 months. Moved from there to our current home 19 years and one month ago and have no plans to move. When it comes to housing, I'm a buy and hold guy and hate moving.
by mlebuf
Sat Mar 07, 2015 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 76
Views: 12686

Re: Tom Stanley-Millionaire Next Door Author Killed in Auto

Here is a very nice tribute paid to Tom Stanley in today's "New York Times:"
http://www.nytimes.com/2015/03/07/your- ... .html?_r=1
by mlebuf
Wed Mar 04, 2015 12:32 am
Forum: Personal Consumer Issues
Topic: Rich dad, poor dad
Replies: 31
Views: 4319

Re: Rich dad, poor dad

IMO, the Rich Dad books have all the utility of a pet rock. Lots of platitudes with no specifics. Some of the points are just plain false such as telling readers that a house is not an asset. Whaat? A lot of people make gobs of money investing in real estate. No question about it. However it's a who...
by mlebuf
Tue Mar 03, 2015 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: What if you already have a couple million?
Replies: 42
Views: 6876

Re: What if you already have a couple million?

The important thing in my opinion is to choose an asset allocation strategy you can live with and stick with it. Years ago, I read that Nobel Prize winning economist, Harry Markowitz said his personal asset allocation was set at 50/50 to minimize his future regrets. That sounded very good to me and ...

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