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Re: TBM too much treasury?

Look past that single sentence in the Bogleheads philosophy. We have a bigger tent here than that. You can overweight asset classes (think the many threads on tilting and slice-and-dice) or shun them altogether (not just HY; a non-negligible portion don't even invest in international equities, and ...
by mptfan
Thu Oct 16, 2014 2:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 67
Views: 4167

Re: TBM too much treasury?

Fair enough, you can exclude any sector of any market from your portfolio for any reason you wish. I could exclude railroad companies from my portfolio because I don't like trains, but my reason would not be based on Boglehead principles. The difference is I quoted language from the Boglehead Wiki t...
by mptfan
Thu Oct 16, 2014 2:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 67
Views: 4167

Re: TBM too much treasury?

Thus, if the overall bond market allocates some value to high yield bonds, why are Bogleheads "trying to pick the specific securities or sectors of the market" by excluding the bond market allocation to high yield bonds? In addition to the reasons eloquently stated by ogd, I would also su...
by mptfan
Thu Oct 16, 2014 1:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 67
Views: 4167

Re: TBM too much treasury?

"Rather than trying to pick the specific securities or sectors of the market (US stocks, international stocks, and US bonds) that will outperform in the future, Bogleheads buy funds that are widely diversified, or even approximate the whole market. This guarantees they will receive the average...
by mptfan
Thu Oct 16, 2014 1:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 67
Views: 4167

Re: TBM too much treasury?

Following is a quote from the Bogleheads Wiki: "Rather than trying to pick the specific securities or sectors of the market (US stocks, international stocks, and US bonds) that will outperform in the future, Bogleheads buy funds that are widely diversified, or even approximate the whole market....
by mptfan
Thu Oct 16, 2014 1:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 67
Views: 4167

Re: TBM too much treasury?

Apparently diversification is good for equities, but bad for bonds. Not bad, just unimportant. Your entire bond portfolio can be in one asset -- a bank account or a single Treasury -- and you'll do just fine. There is no perfectly safe stock that I'm aware of, or sector, or even country. Don't redu...
by mptfan
Thu Oct 16, 2014 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 67
Views: 4167

Re: TBM too much treasury?

Yes, I would. Why not? There's additional risk but it is compensated. Why not indeed. You are being consistent in your view, and I agree. What bothers me is when some people preach the gospel of "investing in the market" when it comes to equities, but when it comes to bonds, all of a sudd...
by mptfan
Thu Oct 16, 2014 1:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 67
Views: 4167

Re: TBM too much treasury?

Yes, I would. Why not? There's additional risk but it is compensated. Why not indeed. You are being consistent in your view, and I agree. What bothers me is when some people preach the gospel of "investing in the market according to market allocations" when it comes to equities, but when ...
by mptfan
Thu Oct 16, 2014 12:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 67
Views: 4167

Re: TBM too much treasury?

Too heavy compared to what? It holds treasuries in proportion to their value in the market. What is being suggested (deviating from capitalization weighting) is exactly what Jack tells us NOT to do everywhere else. Why is he condoning speculation in one asset class but not in others? The "tota...
by mptfan
Thu Oct 16, 2014 12:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 67
Views: 4167

Re: It's a good day to be heavy in REITs

Since 1972 TSM STD:18.27% REITS STD: 18.20% Maybe TSM should get the 5?:) That being said 2007-2008 REIT collapse was epic. Maybe not quite as epic as the crash of 1929-32 but it is as close as I want to see. Your standard deviation numbers since 1972 are very similar to the standard deviation numb...
by mptfan
Tue Oct 14, 2014 3:00 pm
 
Forum: Investing - Theory, News & General
Topic: It's a good day to be heavy in REITs
Replies: 42
Views: 3973

Re: Private Student Loan attacks after 7 years

Well the one thing I did do is go to their website and create an online account to see what the hell the letter was about. Although I worry this triggered a restart of the SOL clock, I find it unlikely that they would restart the clock just based on finding out what the debt is through their websit...
by mptfan
Tue Oct 07, 2014 4:32 pm
 
Forum: Personal Consumer Issues
Topic: Private Student Loan attacks after 7 years
Replies: 34
Views: 2415

Re: Private Student Loan attacks after 7 years

If the loan was a private student loan, not issued or backed by the federal government, then the lender or the assignee debt collector is subject to the statute of limitations in your state, and they will not be able to get a judgment against you if the statute of limitations has expired. However, i...
by mptfan
Tue Oct 07, 2014 4:02 pm
 
Forum: Personal Consumer Issues
Topic: Private Student Loan attacks after 7 years
Replies: 34
Views: 2415

Mutual Funds vs. Exchange Traded Funds (ETFs)

Do you invest in mutual funds, or ETFs, or a combination of both? If you do not use either mutual funds or ETFs, what do you use?
by mptfan
Mon Oct 06, 2014 1:58 pm
 
Forum: Investing - Theory, News & General
Topic: Mutual Funds vs. Exchange Traded Funds (ETFs)
Replies: 37
Views: 2288

Re: investing during market drop

Michael_Fisher1 wrote:So since we are in a correction now and stocks are cheap ...

What is your definition of a correction? How do you determine when stocks are cheap?
by mptfan
Thu Oct 02, 2014 5:19 pm
 
Forum: Investing - Theory, News & General
Topic: investing during market drop
Replies: 15
Views: 1155

Re: Future equities 2% real rhetoric is hogwash

Could you provide cites to the quite a few people who said that? I read it on this forum. Over and over again and to be honest not going to look for citations. Just look at any thread that discusses SWR (safe withdrawal rate) and enough people start coming out of the woodwork talking about lower re...
by mptfan
Mon Sep 29, 2014 2:45 pm
 
Forum: Investing - Theory, News & General
Topic: Future equities 2% real rhetoric is hogwash
Replies: 45
Views: 3809

Re: Future equities 2% real rhetoric is hogwash

Could you provide cites to the quite a few people who said that? I read it on this forum. Over and over again and to be honest not going to look for citations. Just look at any thread that discusses SWR (safe withdrawal rate) and enough people start coming out of the woodwork talking about lower re...
by mptfan
Mon Sep 29, 2014 2:43 pm
 
Forum: Investing - Theory, News & General
Topic: Future equities 2% real rhetoric is hogwash
Replies: 45
Views: 3809

Re: Future equities 2% real rhetoric is hogwash

EnjoyIt wrote:I have been reading lately quite a few people discussing future 2% real returns on equities and I just don't understand how that is possible.

Could you provide cites to the quite a few people who said that?
by mptfan
Mon Sep 29, 2014 10:47 am
 
Forum: Investing - Theory, News & General
Topic: Future equities 2% real rhetoric is hogwash
Replies: 45
Views: 3809

Re: Supporting the Operating Costs of the Forum

I suggest that if a member of the forum contributes a minimum amount, that they be recognized in some way by indicating that they are a contributing member next to their username. As an example, can they be identified as premium members? Can there be a gold star or some symbol next to their username...
by mptfan
Sat Sep 27, 2014 12:23 pm
 
Forum: Forum Issues and Administration
Topic: Supporting the Operating Costs of the Forum
Replies: 9
Views: 1116

Re: operating cost of this forum

Houston101 wrote:I think it will be a good idea if we have a 'donate' button somewhere on the main webpage.

I agree. I think if it the donate option was conspicuous and easy to select, that more people would donate.
by mptfan
Fri Sep 26, 2014 11:55 am
 
Forum: Forum Issues and Administration
Topic: operating cost of this forum
Replies: 42
Views: 5556

Re: The Villages Retirement Community Near Orlando

As has been pointed out before, the Villages is not near Orlando, it is more than 60 miles away, in the middle of nowhere, and I can assure you that nobody in central Florida considers the Villages to be anywhere near Orlando. If anything, it is near Ocala.
by mptfan
Fri Sep 26, 2014 9:44 am
 
Forum: Personal Consumer Issues
Topic: The Villages Retirement Community Near Orlando
Replies: 72
Views: 7756

Individual Health Savings Account HSA

I have a question that may be obvious for the well informed people on this board... can an individual set up an HSA account on his own if the individual's employer does not offer an HSA account? Up until today, I had assumed that someone could only contribute to an HSA account if it was offered as a...
by mptfan
Thu Sep 25, 2014 6:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Individual Health Savings Account HSA
Replies: 2
Views: 255

Re: Stubbornly Non-Boglehead Husband. What To Do?

pkcrafter wrote:If he was in this business when they got married, it goes one way. If he started this after they got married, it goes another way.

Right. If he was in this business before they got married, then she was on notice of the way he handles money and she can't really complain now if he doesn't change.
by mptfan
Thu Sep 25, 2014 3:59 pm
 
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 7822

Re: Stubbornly Non-Boglehead Husband. What To Do?

Option 1: Be ultra conservative with your portion. 100% short term treasuries or CD's. Option 2: Find out what positions he has taken in his portfolio, and take the opposite end of the trade (Go short the stocks he is long in, and vice versa). You will lose overall on the transaction costs, but you...
by mptfan
Wed Sep 24, 2014 5:07 pm
 
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 7822

Re: Stubbornly Non-Boglehead Husband. What To Do?

Finally, to the posters who mentioned divorce — if every couple who had a major disagreement divorced, there would be no marriages. What part of "otherwise wonderful and brilliant" did you not get? :) I did not mention divorce, but I did want to respond to this comment. Someone can be &qu...
by mptfan
Wed Sep 24, 2014 11:59 am
 
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 7822

Re: Stubbornly Non-Boglehead Husband. What To Do?

I hate to say this, but I don't think there is anything you can do to change him, he is not that way because he can't read research papers about investment theory, he is that way because it is his personality. Too often people think they can change an addictive personality by education, but I think ...
by mptfan
Wed Sep 24, 2014 9:26 am
 
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 7822

Re: Why Invest in Bonds in your early 30s?

I'm not sure that I've read that an 80/20 portfolio outperforms a 100% stock portfolio. What I have read is essentially you can construct a portfolio mixed with stocks and bonds (due to not being highly correlated) that can yield the same return with lower risk compared to the 100% stock portfolio....
by mptfan
Thu Sep 18, 2014 11:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Why Invest in Bonds in your early 30s?
Replies: 43
Views: 3636

How do you store your electronic account statements?

For those of you who have gone paperless and no longer get physical paper statements from your financial providers (eg. Vanguard, Schwab, your bank or credit union, credit card provider, etc), I have the following questions... 1) Do you periodically download the electronic pdf statements from the pr...
by mptfan
Wed Sep 17, 2014 12:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you store your electronic account statements?
Replies: 24
Views: 1741

Re: Why Invest in Bonds in your early 30s?

Dandy wrote:Some studies show that having a 20% allocation to bonds may actually out perform 100% equity portfolio.

Can you cite to those studies? I would be very surprised to see a study that says a 20% allocation to bonds outperforms a 100% equity portfolio with a minimum investment period of 20 years.
by mptfan
Mon Sep 15, 2014 5:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why Invest in Bonds in your early 30s?
Replies: 43
Views: 3636

Re: Why Invest in Bonds in your early 30s?

I agree that you should not invest in bond funds in your early 30s if you are sure you won't need the money for at least 20 years, but only if you are sure that you will not panic and sell during a significant market drop. What if you lose 30-50% of your life savings, will you just sit there and wat...
by mptfan
Mon Sep 15, 2014 5:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why Invest in Bonds in your early 30s?
Replies: 43
Views: 3636

Re: Should I step in to help my in law pay off credit card d

Social security cannot be garnished by anyone except the government.

http://www.bankrate.com/finance/retirem ... hed-1.aspx

By the way, I am starting to sound like sscritic, but that took me about 30 seconds to find on Google by typing in "social security garnishment."
by mptfan
Mon Sep 15, 2014 3:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I step in to help my in law pay off credit card debt
Replies: 31
Views: 2669

Re: What should be Shredded

I avoid this problem by not getting paper statements anymore.
by mptfan
Fri Sep 12, 2014 2:16 pm
 
Forum: Personal Consumer Issues
Topic: What should be Shredded
Replies: 18
Views: 1469

Re: Angry when stock market is down

Does anyone else get angry/edgy/cranky on days where the stock market is down? Are you serious? Definitely not! Why would I get angry about something over which I have no control? And something that I know and expect will happen on a regular basis? And something that helps me in the long run becaus...
by mptfan
Fri Sep 12, 2014 11:24 am
 
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 4206

Re: Why COULDN'T we just retire on Social Security?

drawpoker wrote:Remember them? When senior citizens were spotted buying cans of cat tuna in the supermarkets? Yet they had No Cats. Remember those years? I do.

Does tuna for cats cost less than tuna for humans?
by mptfan
Fri Sep 12, 2014 11:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Why COULDN'T we just retire on Social Security?
Replies: 66
Views: 6057

Re: Why COULDN'T we just retire on Social Security?

You could do it. About 22% of elderly couples and 47% of unmarried people rely on Social Security for 90% or more of their retirement income.....The average retired worker gets $1,294 per month in social security benefits. To me that information is pretty meaningless. Statistically. So, 47% of unma...
by mptfan
Thu Sep 11, 2014 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why COULDN'T we just retire on Social Security?
Replies: 66
Views: 6057

Re: Why COULDN'T we just retire on Social Security?

You could do it. About 22% of elderly couples and 47% of unmarried people rely on Social Security for 90% or more of their retirement income.

http://www.ssa.gov/news/press/basicfact.html

The average retired worker gets $1,294 per month in social security benefits.
by mptfan
Thu Sep 11, 2014 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why COULDN'T we just retire on Social Security?
Replies: 66
Views: 6057

Re: Do you keep paper copies of your investment statements?

I don't save physical paper copies of account statements anymore, I now download them and save them in electronic pdf format and then save them on Google Drive.
by mptfan
Tue Sep 09, 2014 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you keep paper copies of your investment statements?
Replies: 33
Views: 1935

Re: Do you keep paper copies of your investment statements?

I already have electronic statements which I can download from their web site. Suppose the company went bankrupt and I lost access to their web site, would having paper instead of electronic copies be more beneficial to prove my assets with that company? Or does it matter? I don't understand your q...
by mptfan
Tue Sep 09, 2014 10:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you keep paper copies of your investment statements?
Replies: 33
Views: 1935

Re: Need help arrive at monthly expenses after retirement

Today's costs just keep on going. don't they? I haven't noticed any magic decrease. Yes, it's true that many costs continue to go up, but there are a number of costs that have actually done down. The cost of computers has gone down dramatically over the last 20 years...I can remember spending $1,50...
by mptfan
Mon Sep 08, 2014 4:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help arrive at monthly expenses after retirement
Replies: 25
Views: 1655

Re: Vanguard is finally getting Two Factor Auth (2FA)

Silence Dogood wrote:Next up:

Support for the Google Authenticator app.
Longer Usernames (currently 12 character limit).
Longer Passwords (currently 20 character limit).

They have been improving...not long ago passwords were limited to 10 characters.
by mptfan
Sat Sep 06, 2014 10:38 am
 
Forum: Personal Consumer Issues
Topic: Vanguard is finally getting Two Factor Auth (2FA)
Replies: 27
Views: 4568

Re: Any Tips on wintering in the Bahamas ?

mhalley wrote:Thanks even more for the picture of the fish.
Mike

There is a fish in that picture? :wink:
by mptfan
Thu Sep 04, 2014 5:33 pm
 
Forum: Personal Consumer Issues
Topic: Any Tips on wintering in the Bahamas ?
Replies: 29
Views: 2978

Re: Market at a all time high ( Sept 2014) , time to cash ou

I commend your work ethic for not wanting to retire until 2057*, but I've got far too much beach sitting and Mai Tai drinking planned for 2033 to be bothered with a job. *Assuming 10% annualized return Did you account for dividends? Or did you just increase the index by 10% each year? If so, your m...
by mptfan
Thu Sep 04, 2014 2:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Market at a all time high ( Sept 2014) , time to cash out?
Replies: 49
Views: 3868

Re: Holding Cash because Tried to time Market

I hear many well-informed analysts out there saying that the market should drop significantly in the next six months... It doesn't matter how well informed or well educated someone is, the fact is nobody knows what the market will do in the future. Nobody. Go back and read that again. Did you read ...
by mptfan
Thu Sep 04, 2014 2:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Holding Cash because Tried to time Market
Replies: 78
Views: 6574

Re: This Forum is Amazing! Newbie ready to jump in the deep

Is there a general agreement among Boggle heads to fully fund your retirement accounts prior to 529 savings? Yes. There are many options to pay for college in the future when the time comes (student loans, grants, scholarships, part time work, help from grandparents, selecting a less expensive scho...
by mptfan
Thu Sep 04, 2014 12:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: This Forum is Amazing! Newbie ready to jump in the deep end!
Replies: 17
Views: 1897

Re: This Forum is Amazing! Newbie ready to jump in the deep

You have way too many funds. If I understand correctly, you have 11 funds in your 401k, that is too many...and I see you are very fortunate to have the Vanguard total stock market fund available in your 401k...it it were me, I would be tempted to put all of my contributions in that fund....your 401k...
by mptfan
Thu Sep 04, 2014 12:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: This Forum is Amazing! Newbie ready to jump in the deep end!
Replies: 17
Views: 1897

Re: Pay off Debt, by cashing in Retirement account?

I was in a similar situation years ago, and I decided to take money from my Roth IRA to pay off student loan debt because I hated having debt. I regret that decision now. I think it is better to find a way to pay down the student debt some other way because you have a limited amount of money that yo...
by mptfan
Wed Sep 03, 2014 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay off Debt, by cashing in Retirement account?
Replies: 25
Views: 2131

Re: New member, portfolio revamp

nyds wrote:3.) I've never held gold, other precious metals, commodities, or foreign currencies before: is allocating even 4% to gold (or another alternative asset class) something I should be considering?

No.
by mptfan
Wed Sep 03, 2014 1:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: New member, portfolio revamp
Replies: 8
Views: 497

Re: My early 30's Ameriprise portfolio

Your portfolio is much more complex than it should be, and, more importantly, you are getting killed by unnecessary fees and expenses. Both the complexity and the fees will continue to cost you over time, and it will get worse, not better. You should move to Vanguard and follow the excellent advice ...
by mptfan
Wed Sep 03, 2014 11:35 am
 
Forum: Investing - Help with Personal Investments
Topic: My early 30's Ameriprise portfolio
Replies: 36
Views: 3496

Re: Which book to start with?

I would start with the Boglehead Guide to Investing, 2d Edition, which was published this month.
by mptfan
Fri Aug 29, 2014 2:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which book to start with?
Replies: 6
Views: 324

Re: My husband's " WILL", $ left for me to live on....

Not to go too far OT, but you might be surprised by the number of limitations on a person's right to freely contract, both as to form and substance. There are all sorts of public policy bases for invalidating contracts that are purportedly "freely" entered into. Try enforcing a noncompete...
by mptfan
Fri Aug 29, 2014 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17859

Re: My husband's " WILL", $ left for me to live on....

LeeMKE wrote:Most prenups sunset at 10 years, either by agreement or by statute.

Really? Can you provide a source for this statement?
by mptfan
Fri Aug 29, 2014 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17859
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