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Re: Girlfriend with a LOT of Student debt.

After owning boats, airplanes and going through several bad marriages, a wealthy man said, "If it floats, flies or flirts, lease it." Weddings are all about love and divorces are all about money. Somewhere between 40 and 50 percent of marriages end in divorce and disagreements over money i...
by mlebuf
Tue Nov 25, 2014 1:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 13200

Re: How to Plan for an Unknown Future

Hi Scott62, So, you are trying to plan for an unknown future. What other kind is there? I believe you have been on the planet long enough to know that life is full of surprises. From what I read, you are doing a great job of preparing for retirement and are on track have a long and prosperous one. I...
by mlebuf
Mon Nov 24, 2014 2:30 am
 
Forum: Investing - Theory, News & General
Topic: How to Plan for an Unknown Future
Replies: 23
Views: 1852

Re: 23 year old... Can I afford a Rolex?

Hi Marjimmy,

Before indulging yourself in conspicuous consumption, I suggest you read this small column written by someone who is just slightly older than you are:

http://www.fool.com/investing/general/2 ... t-see.aspx
by mlebuf
Sun Nov 23, 2014 4:37 pm
 
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 167
Views: 11216

Re: Retirees' Regrets

No regrets here. For those anticipating/in retirement, this advice from Scott Burns seems very worthwhile:
http://assetbuilder.com/scott_burns/the_hedonic_clock

Another excellent article:
http://finance.yahoo.com/news/7-ways-to ... 56194.html
by mlebuf
Fri Nov 21, 2014 2:18 pm
 
Forum: Personal Consumer Issues
Topic: Retirees' Regrets
Replies: 23
Views: 2860

Re: How Not to Retire

That's a very sad story. This man had enough intelligence, education and drive to become a Pulitzer Prize winning writer but neglected to take the time to learn how to manage his money. Credit him for understanding and admitting that he has no one to blame but himself. It's a sure bet he wasn't a Bo...
by mlebuf
Mon Nov 17, 2014 4:12 am
 
Forum: Personal Finance (Not Investing)
Topic: How Not to Retire
Replies: 67
Views: 6921

Taylor Larimore, My Favorite Teacher

Prior to becoming King of the Bogleheads, Taylor was a mentor to many others. Many thanks for Bill Serle for posting this story in his blog:
http://billserle.com/?p=762
by mlebuf
Sat Nov 15, 2014 1:40 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Taylor Larimore, My Favorite Teacher
Replies: 13
Views: 2031

A Very Special Story on Veterans Day

A very special thank you to our veterans. I shudder to think where we would be without you.

Here's a very special story that most will find very heart warming:
http://www.va.gov/HEALTH/NewsFeatures/2 ... terans.asp
by mlebuf
Tue Nov 11, 2014 7:31 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: A Very Special Story on Veterans Day
Replies: 4
Views: 600

Re: Career Advice for an Unhappy Young Doctor?

About 20 years ago a friend of mine who is a physician asked me to sit-in and observe a presentation he was giving to about 40 practicing MDs. During the presentation he asked them, "If your teenage son or daughter came to you and told you they were considering a career in medicine, how many of...
by mlebuf
Sun Nov 02, 2014 4:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 116
Views: 13332

Re: Are you a "maximizer" or a "satisficer"?

The concept of satisficers vs. maximizers has been around for 50 years or more. http://en.wikipedia.org/wiki/Satisficing Truth be told, the idea of maximizing decisions is somewhat of a naive concept. How do you know you have made the optimum choice? In almost every case you do not. Wait for the per...
by mlebuf
Mon Oct 06, 2014 10:09 pm
 
Forum: Personal Consumer Issues
Topic: Are you a "maximizer" or a "satisficer"?
Replies: 52
Views: 3369

Re: Had a bad experience with Amica

Better that an insurance company refuse to offer coverage than one that offers coverage and fights you tooth and nail, or cancels the policy when you have a major claim. I had one major homeowners claim with Amica and the service was great.
by mlebuf
Wed Oct 01, 2014 4:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Had a bad experience with Amica
Replies: 25
Views: 2104

Re: Author Advice - Advantages/Disadvantages of Co-author

The co-author has co-authored books with three other people so is well aware of the pitfalls and obviously more savvy than me about all of this. It sounds like you have three references to check! Ask very basic questions: Did the author and his agent fulfill their promises? Would you recommend a ne...
by mlebuf
Sun Sep 28, 2014 4:45 pm
 
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 18
Views: 1211

Re: Southwest Airlines Engulfing, Reversal Candle Signals Do

I'd compare stockpickers to astrologers ... but I don't want to bad-mouth the astrologers.
- Eugene Fama
by mlebuf
Mon Sep 22, 2014 7:25 pm
 
Forum: Investing - Theory, News & General
Topic: Southwest Airlines Engulfing, Reversal Candle Signals Downsi
Replies: 55
Views: 3559

Re: Blood work for cats

The vet has been hard selling regular blood work for my mom's cat. The cat is now about 12 years old but is still pretty healthy and do not apparently have any known health issues. I haven't owe a cat for several decades and don't remember blood work being done in those days. Do you think it's wort...
by mlebuf
Sun Sep 21, 2014 2:54 pm
 
Forum: Personal Consumer Issues
Topic: Blood work for cats
Replies: 40
Views: 2658

Re: Home/Auto insurance: Amica or Travelers?

Amica gets my vote. I was a State Farm customer for about 35 years and got great service from them in the few times I filed a claim. After not having filed a claim for decades, they upped my homeowner's premium about 70 percent in one year. The agent told me it was because of many claims for mold. I...
by mlebuf
Wed Sep 17, 2014 7:23 pm
 
Forum: Personal Consumer Issues
Topic: Home/Auto insurance: Amica or Travelers?
Replies: 26
Views: 1540

Re: Neighborhood kid around 13 throwing rocks at my house

Ask him to stop. If he doesn't stop, put up a security camera. If you get a video of him throwing rocks at your house, show it to his parents. If he persists on throwing rocks, show the video to the police. Another strategy: You can tell him you have him on video and if he doesn't stop, you will sho...
by mlebuf
Fri Sep 12, 2014 3:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Neighborhood kid around 13 throwing rocks at my house
Replies: 55
Views: 3241

Re: Quit/retire - should I do this?

Is there a time of year that’s best to do this ? Not expecting a bonus or anything like that. I was ready to pull the plug days ago. What else should I be considering? I thought I was ready to do this but keep feeling like there’s things I’m not thinking of. The best time to retire in your particul...
by mlebuf
Thu Sep 11, 2014 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quit/retire - should I do this?
Replies: 41
Views: 3866

Finance is a Strange Industry

That's the title of a column recently written by Morgan Housel, one of the brightest young financial writers to come along in a long time. He writes: I can't think of another industry in which people capable of doing so much harm don't need credentials. Doctors must attend medical school. Lawyers mu...
by mlebuf
Tue Sep 09, 2014 3:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Finance is a Strange Industry
Replies: 6
Views: 1056

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 3:38 am
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16756

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 12:35 am
 
Forum: Investing - Theory, News & General
Topic: WSJ/Zweig- The Decline and Fall of Fund Managers
Replies: 21
Views: 2636

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 9:55 pm
 
Forum: Investing - Theory, News & General
Topic: "The Bogleheads' Guide to Investing -- Second Edition"
Replies: 47
Views: 8041

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 3:13 am
 
Forum: Investing - Theory, News & General
Topic: Investors Pour Into Vanguard, Eschewing Stock Pickers
Replies: 70
Views: 7308

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 7:14 pm
 
Forum: Personal Consumer Issues
Topic: High School Reunions--Have you attended?
Replies: 79
Views: 5567

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 4:47 pm
 
Forum: Personal Consumer Issues
Topic: High School Reunions--Have you attended?
Replies: 79
Views: 5567

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 6:50 pm
 
Forum: Personal Consumer Issues
Topic: Advice on Keeping Inexpensive Long Term Care Policy
Replies: 7
Views: 755

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 6:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: My home is worth less/more in 2014 than in 2007?
Replies: 94
Views: 6172

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 12:14 pm
 
Forum: Personal Consumer Issues
Topic: How many Bogleheads golf?
Replies: 81
Views: 4684

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 3:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Insurance? Is it a good idea?
Replies: 24
Views: 1934

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 10:14 pm
 
Forum: Personal Consumer Issues
Topic: A day in Dachau?
Replies: 38
Views: 2871

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
Thu Jun 12, 2014 11:33 pm
 
Forum: Personal Consumer Issues
Topic: Any [iPhone] "Apps" you like?
Replies: 50
Views: 4292

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 9:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: The in-laws are broke!
Replies: 128
Views: 16622

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
Mon May 19, 2014 11:56 pm
 
Forum: Investing - Theory, News & General
Topic: It’s Twilight for Managed Mutual Funds
Replies: 23
Views: 2576

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 9:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: To: Taylor Larimore: Early Withdrawals
Replies: 23
Views: 2853

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 10:50 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday John C. Bogle !
Replies: 37
Views: 2010

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 8:33 pm
 
Forum: Investing - Theory, News & General
Topic: Buffett pulls further ahead
Replies: 16
Views: 3151

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 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 123
Views: 28565

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 2:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 123
Views: 28565

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 4:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 123
Views: 28565

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 4:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 123
Views: 28565

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 8:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Video: Interview with Jonathan Clements and Jason Zweig
Replies: 4
Views: 613

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 2:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage
Replies: 56
Views: 4083

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 4:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: I'm 18 and very eager to start investing in stocks. Advice?
Replies: 42
Views: 3263

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 3:07 pm
 
Forum: Investing - Theory, News & General
Topic: Get ready for the Dow at 6,000 by 2016: Pro
Replies: 46
Views: 5232

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 1:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost Analysis: Living in CA vs the South
Replies: 79
Views: 6025

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 9:59 pm
 
Forum: Investing - Theory, News & General
Topic: JOHN BOGLE'S NOMINATION FOR PRESIDENTIAL MEDAL OF FREEDOM
Replies: 43
Views: 5391

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 3:44 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Taylor's 90th Birthday
Replies: 272
Views: 23088

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
Wed Jan 01, 2014 11:24 pm
 
Forum: Personal Consumer Issues
Topic: What does a Bogle TV look like?
Replies: 78
Views: 4647

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 8:44 pm
 
Forum: Personal Consumer Issues
Topic: Eye Blood Vessel Broke
Replies: 12
Views: 1188

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 2:10 am
 
Forum: Investing - Theory, News & General
Topic: Dog qualifies for financial adviser honor
Replies: 19
Views: 2431

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 5:42 pm
 
Forum: Investing - Theory, News & General
Topic: "John Bogle's Enduring Wisdom"
Replies: 14
Views: 3448
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