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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
Mon Apr 27, 2015 2:36 pm
 
Forum: Investing - Theory, News & General
Topic: [Janitor in Vermont leaves millions] A true Boglehead!
Replies: 55
Views: 3720

Re: What is a Boglehead?

Broker's worst nightmare.
by mlebuf
Thu Apr 23, 2015 7:24 pm
 
Forum: Investing - Theory, News & General
Topic: What is a Boglehead?
Replies: 55
Views: 2591

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
Tue Apr 21, 2015 1:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Teachers: 9 or 12 month salary?
Replies: 26
Views: 3385

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
Sun Apr 19, 2015 1:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 43
Views: 6115

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 12:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 43
Views: 6115

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
Sat Apr 18, 2015 1:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 43
Views: 6115

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
Fri Apr 17, 2015 2:57 am
 
Forum: Personal Consumer Issues
Topic: noise-blocking headphones
Replies: 39
Views: 3075

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
Tue Apr 14, 2015 7:09 pm
 
Forum: Investing - Theory, News & General
Topic: Very Few Soothsayers are Truth Sayers
Replies: 3
Views: 506

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
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: 4364

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
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: 563

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
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: 1581

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
Fri Mar 27, 2015 12:59 am
 
Forum: Personal Consumer Issues
Topic: New Orleans Destinations
Replies: 21
Views: 1487

Re: Vanguard HealthCare Fund

Post removed by author.
by mlebuf
Tue Mar 24, 2015 9:35 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard HealthCare Fund
Replies: 68
Views: 6251

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
Tue Mar 24, 2015 8:29 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard HealthCare Fund
Replies: 68
Views: 6251

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
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: 5102

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
Fri Mar 20, 2015 1:16 am
 
Forum: Investing - Theory, News & General
Topic: An inspiring message for Bogleheads
Replies: 56
Views: 4369

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 5:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: What Age Did You First Ponder Financial Independence?
Replies: 74
Views: 7226

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
Thu Mar 19, 2015 2:32 pm
 
Forum: Investing - Theory, News & General
Topic: Phil Town: "Rule #1 Investing"
Replies: 11
Views: 1241

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 9:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 52
Views: 8444

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 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 52
Views: 8444

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 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 52
Views: 8444

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
Sun Mar 15, 2015 3:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 52
Views: 8444

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 8:22 pm
 
Forum: Investing - Theory, News & General
Topic: "6 Lessons From the 6-Year-Old Bull Market"
Replies: 11
Views: 2809

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 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 52
Views: 8444

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
Sat Mar 14, 2015 2:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Understanding Your Net Worth
Replies: 25
Views: 3598

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
Tue Mar 10, 2015 9:31 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: 2% investment returns over next 20 years
Replies: 216
Views: 23605

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 5:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: How long did you stay in your starter home?
Replies: 87
Views: 4897

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
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: 12432

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
Wed Mar 04, 2015 12:32 am
 
Forum: Personal Consumer Issues
Topic: Rich dad, poor dad
Replies: 31
Views: 4175

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 ...
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: 6730

The Blind Forecaster

Another great column from Morgan Housel. Enjoy.

http://www.fool.com/investing/general/2 ... lnk0000003
by mlebuf
Mon Mar 02, 2015 12:33 am
 
Forum: Investing - Theory, News & General
Topic: The Blind Forecaster
Replies: 28
Views: 2552

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

Very sorry to learn about the untimely death of Tom Stanley. I had the pleasure of meeting him in 1986 when we both spoke at an investment conference in New Orleans. He was teaching Marketing at Georgia State U in Atlanta and I was teaching Management at the U. of New Orleans. His presentation was o...
by mlebuf
Sun Mar 01, 2015 10:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 76
Views: 12432

Re: How do I learn to like sushi?

Mel Lindauer wrote:
John3754 wrote:
Mel Lindauer wrote:


Whatever works for you. As for me, I just move on when I discover something I don't like. Too many good things waiting to be discovered to waste time trying to learn to like something you don't like.


+1
by mlebuf
Sat Feb 28, 2015 4:14 pm
 
Forum: Personal Consumer Issues
Topic: How do I learn to like sushi?
Replies: 80
Views: 5261

Re: physicians [Frustrated, considering early retirement]

I'm not a physician but the story I'm about to tell you is over 20 years old. I have a friend who is a practicing physician who also teaches practice marketing to other doctors. He asked me to accompany him and evaluate his presentation to about 40 docs ranging in age from very young to what appeare...
by mlebuf
Wed Feb 25, 2015 8:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 9792

Re: Please Help Me Explain an Equity Index Annuity to a Rela

Tell your relative that he should never invest in anything that he does not understand or can't explain to a 12 year-old. That automatically rules out equity index annuities and loads of other investments pitched by slick salespeople. The annuity salesperson is hoping to make a big commission from g...
by mlebuf
Mon Feb 23, 2015 12:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Please Help Me Explain an Equity Index Annuity to a Relative
Replies: 37
Views: 2478

Re: Accurate home blood pressure monitor?

I have 2 BP monitors. Some years ago I bought Microlife cuff model that was recommended by a cardiologist. It's an automatic model that can take 3 readings in a row and average them. Last year I bought an Omron BP652 wrist model that I picked up at Target. They both track very close to each other. ...
by mlebuf
Sat Feb 21, 2015 10:35 pm
 
Forum: Personal Consumer Issues
Topic: Accurate home blood pressure monitor?
Replies: 42
Views: 6493

Re: Accurate home blood pressure monitor?

I have 2 BP monitors. Some years ago I bought Microlife cuff model that was recommended by a cardiologist. It's an automatic model that can take 3 readings in a row and average them. Last year I bought an Omron BP652 wrist model that I picked up at Target. They both track very close to each other. I...
by mlebuf
Sat Feb 21, 2015 10:27 pm
 
Forum: Personal Consumer Issues
Topic: Accurate home blood pressure monitor?
Replies: 42
Views: 6493

Re: Need Desk chair for my office work

Aeron Chair, I've had mine for almost a decade now and love it. http://store.hermanmiller.com/Products/Aeron-Chair?device=c&network=g&matchtype=e&gclid=CJ6N1qa97sMCFYdafgodIS4AJQ +1 I suffered with lower back pain off and on for over ten years until I bought an Aeron Chair. That was 15 ...
by mlebuf
Thu Feb 19, 2015 3:47 pm
 
Forum: Personal Consumer Issues
Topic: Need Desk chair for my office work
Replies: 28
Views: 1578

Re: Pick Out My New TV For Me

The problem with going to bestBuy is I'd have to haul it home in my car. The nice thing about Amazon is they'll deliver it and take it out of the box and plug it in. I think bestBuy.com will do this as well, but I don't think if you go to the store that they'll deliver and hook it up for you for fr...
by mlebuf
Tue Feb 17, 2015 2:11 am
 
Forum: Personal Consumer Issues
Topic: Pick Out My New TV For Me
Replies: 30
Views: 2246

Re: The Non-Millionaire Next Door

I believe it was Dave Ramsey who said that the problem with keeping up with the Joneses is that the Joneses are broke. He got that right. I remember attending an investment seminar some years ago where Ben Stein was a guest speaker. He told a story about a director who gave him his big break in his ...
by mlebuf
Tue Feb 17, 2015 1:24 am
 
Forum: Investing - Theory, News & General
Topic: The Non-Millionaire Next Door
Replies: 43
Views: 6484

Re: First Time Dog Owners -- Any Regrets?

Postmon wrote:
mlebuf wrote:https://www.youtube.com/v/txiR7oEVGd0


Okay, you convinced me. Where can I get one of those? :wink:


This will get you started in the right direction:
http://pets.webmd.com/dogs/features/how ... s-your-dog
by mlebuf
Mon Feb 16, 2015 6:38 pm
 
Forum: Personal Consumer Issues
Topic: First Time Dog Owners -- Any Regrets?
Replies: 83
Views: 6387

Re: Pick Out My New TV For Me

In the past 18 months we have purchased 3 HD TVs ranging in size from 32 to 90 inches. As to which size to get, bigger is generally better. You have to get within 5 feet of our 90-inch Sharp TV to see the Pixels. We have a Sharp, Samsung and Sony TVs. My only recommendation is that you stay away fro...
by mlebuf
Mon Feb 16, 2015 2:54 pm
 
Forum: Personal Consumer Issues
Topic: Pick Out My New TV For Me
Replies: 30
Views: 2246

Re: First Time Dog Owners -- Any Regrets?

Something special for dog lovers. Enjoy!

https://www.youtube.com/v/txiR7oEVGd0
by mlebuf
Mon Feb 16, 2015 2:10 pm
 
Forum: Personal Consumer Issues
Topic: First Time Dog Owners -- Any Regrets?
Replies: 83
Views: 6387

Re: Happy Birthday to the Bogleheads.org Forum

Great writeup, Mel. And happy birthday to the forum. Those stats are amazing and all who make it possible have done/are doing a wonderful job.
by mlebuf
Sun Feb 15, 2015 9:44 pm
 
Forum: Investing - Theory, News & General
Topic: HAPPY BIRTHDAY TO THE BOGLEHEADS FORUM
Replies: 30
Views: 2682

Re: Is "Financial Independence" the new "Retirement?"

Critical Mass = Financial Independence... = Options to spend your days any way you please. Isn't that the end game? Yes. That's the way I've always looked at it. It's not about the money. It's the freedom of having complete control of your time. Michael -- your excellent book "The Millionaire ...
by mlebuf
Sat Feb 14, 2015 7:40 pm
 
Forum: Investing - Theory, News & General
Topic: Is "Financial Independence" the new "Retirement?"
Replies: 52
Views: 7042

Re: Is "Financial Independence" the new "Retirement?"

ShiftF5 wrote:
The Wizard wrote:Critical Mass = Financial Independence...


= Options to spend your days any way you please.

Isn't that the end game?


Yes. That's the way I've always looked at it. It's not about the money. It's the freedom of having complete control of your time.
by mlebuf
Fri Feb 13, 2015 10:00 pm
 
Forum: Investing - Theory, News & General
Topic: Is "Financial Independence" the new "Retirement?"
Replies: 52
Views: 7042

Re: Bogglehead Career Advice

Stew Leonards is one of my favorite stores, not grocery stores mind you, stores in general. Im from NY and lived in CT during high school, I still shop there whenever possible. I think all stores should strive to be like Stew's. If you have the opportunity, please share the profound admiration I ha...
by mlebuf
Fri Feb 13, 2015 1:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Bogglehead Career Advice
Replies: 42
Views: 3203

Re: Your Future According to Yale Star Robert J. Shiller

(Shrug) When, O when was the golden age when anxiety and uncertainty were not weighing on individuals, and nobody worried about new technologies I'm relatively young and inexperienced, but I have learned in my 31 years that times are only ever good in the past. The present is always bad. "The ...
by mlebuf
Fri Feb 13, 2015 12:32 am
 
Forum: Investing - Theory, News & General
Topic: Your Future According to Yale Star Robert J. Shiller
Replies: 86
Views: 10663

Re: How many have a membership in AARP?

When I was 50, a friend recommended that I purchase a ten-year membership to AARP and I did. It took a few months to realize the error of my ways. I didn't ask for my money back but I never sent them another dime. All solicitations from AARP go straight into the round file.
by mlebuf
Thu Feb 12, 2015 10:21 pm
 
Forum: Personal Consumer Issues
Topic: [Is it worth getting an] AARP [membership]?
Replies: 58
Views: 4361
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