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Re: Buying Annuity at Young Age for Retirement?

I'm a low-risk profile investor, and am interested in buying an annuity to provide retirement income. I'm 30 years old, and would start investing in an inflation-adjusted annuity now, to get secured returns in my 60s. Thoughts on if this is a good or bad idea? Rather than paying the premium on an a...
by noyopacific
Mon Sep 15, 2014 10:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Buying Annuity at Young Age for Retirement?
Replies: 6
Views: 642

Re: Could you sleep with all your money in Berkshire Hathawa

Could you sleep with all your money in Berkshire Hathaway? I could but it wouldn't be my first choice, unless perhaps all of the decent index funds were eliminated for some dumb reason. . . . Warren and Charlie are as old as the hills. Hopefully their successor is smart enough to break up this anac...
by noyopacific
Sun Sep 14, 2014 3:55 am
 
Forum: Investing - Theory, News & General
Topic: Could you sleep with all your money in Berkshire Hathaway?
Replies: 49
Views: 3822

Re: Why is Bank of America so hated?

My grandparents had their accounts with B of A for over 50 years. They were serious and extremely conservative savers. All of their savings were with BofA and the balances significantly exceeded FDIC insurance limits. This issue was eventually pointed out to them by a lawyer when they updated their ...
by noyopacific
Wed Aug 13, 2014 2:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why is Bank of America so hated?
Replies: 43
Views: 2451

Re: Tropical vacation next winter with infant-where?

We took our daughter to Bali (mostly around the Ubud area) for 4 weeks when she was 11 months-old. It was fabulous. Balinese people really like babies a lot. Almost every time we went to a restaurant, the people would squeal with delight and then take her back into the kitchen, play with her, feed h...
by noyopacific
Wed Aug 13, 2014 5:28 am
 
Forum: Personal Consumer Issues
Topic: Tropical vacation next winter with infant-where?
Replies: 40
Views: 2773

Re: my quarterly hedge fund update

To me one of the great anomalies in finance is why assets keep pouring in given the miserable performance. Larry I know what you mean Larry. You know what really perplexes me ? The price of chicken wings is often higher than thighs and sometimes more than breasts ! I guess that an effective marketi...
by noyopacific
Mon Jul 28, 2014 10:48 am
 
Forum: Investing - Theory, News & General
Topic: my quarterly hedge fund update
Replies: 11
Views: 1610

Hedge Fund Mgr/Columnist Replies to Boglehead's Question

In a July 20, 2014 article in ValueWalk.com: "How To Invest When You Have Little Time For Research" the writer, hedge fund manager David Merkel replies to a 24 year-old novice Boglehead's question: "Should I move to active investing, and are there some alternatives that would allow yo...
by noyopacific
Mon Jul 28, 2014 2:43 am
 
Forum: Investing - Theory, News & General
Topic: Hedge Fund Mgr/Columnist Replies to Boglehead's Question
Replies: 0
Views: 390

Re: Blog:Vanguard mutual fund brokerage commission expense

A "Rule of Thumb" that I have heard is that if you assume that each 1% of portfolio turnover will result in net cost in both commissions and the buy/sell price spreads of about .01%. You can use this to make a pretty close approximation of a funds trading costs. Jack Bogle was quoted in Be...
by noyopacific
Fri Jul 25, 2014 8:44 pm
 
Forum: Investing - Theory, News & General
Topic: Blog:Vanguard mutual fund brokerage commission expense
Replies: 6
Views: 783

Re: Can it be wrong to be too risk averse?

It doesn't sound like you are going to change your brothers mind and I don't think I'd try to. It sounds like he understands his own unwillingness to take risk and doing so could be a worse situation for him than municipal bonds if he didn't stay the course. I would want to make sure that he is well...
by noyopacific
Mon Jul 21, 2014 11:50 pm
 
Forum: Investing - Theory, News & General
Topic: Can it be wrong to be too risk averse?
Replies: 49
Views: 2456

Re: oil companies more risky

I added a small slice of it to my original portfolio mix 20 years ago because of energy's close link to industrial production. I considered it a form of insurance. The assumption being that if oil supplies became tight and prices went up, gains in this sector might help to partially offset losses in...
by noyopacific
Sun Jul 20, 2014 5:12 pm
 
Forum: Investing - Theory, News & General
Topic: oil companies more risky
Replies: 8
Views: 1024

Re: Anybody using dash cameras?

Anybody use these? Experiences? Recommendations? This is an older thread but I'll take a shot at it. The model in the linked review is generally called a "G1W." I got one of these for my wife and another for my daughter ($55 each delivered) and a different model for myself: a "Mobius...
by noyopacific
Sun Jul 20, 2014 6:05 am
 
Forum: Personal Consumer Issues
Topic: Anybody using dash cameras?
Replies: 12
Views: 2785

Re: Bet it ALL on Small Cap Value when you're young

mbk734 wrote:For those that are believers in the small cap value premium over the long term, why not bet it all on VBR while you are young (18)?


Because past performance does not guarantee future results ?
by noyopacific
Tue Jul 15, 2014 7:49 pm
 
Forum: Investing - Theory, News & General
Topic: Bet it ALL on Small Cap Value when you're young
Replies: 64
Views: 6466

Re: Costa Rica

Some highlights of our trip: Whitewater rafting with Costa Rica Descents near Lake Aernal. https://www.youtube.com/watch?v=Snj5CuEUbPI Staying at the San Luis Ecolodge near Monteverde. This is a University of Georgia research facility. A bit expensive for Costa Rica but they had excellent program fo...
by noyopacific
Tue Jul 15, 2014 5:07 pm
 
Forum: Personal Consumer Issues
Topic: Costa Rica
Replies: 11
Views: 1794

Re: Moving From Bonds Into Stocks

Essentially this is what we did in Nov-Dec 2008. . . I had no choice but to go 100 equity .. . . This is what I did too but based on a slightly different reason. My AA %'s are not age-based. According to my IPS, my AA %'s are adjusted as the portfolio reaches different levels. Prior to 2008, I was ...
by noyopacific
Tue Jul 15, 2014 4:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: What To Do During A Correction In Stocks?
Replies: 31
Views: 3812

Re: But why not 100% stock index fund?

It is close to impossible to assess risk tolerance during a bull market. You might want to consider putting something aside, even if it is only 20% in bonds for now. This should not affect your performance too greatly. Then commit to yourself to putting 1/2 of that bond allocation into equities afte...
by noyopacific
Mon Jul 14, 2014 2:53 am
 
Forum: Investing - Theory, News & General
Topic: But why not 100% stock index fund?
Replies: 76
Views: 7431

Re: Will you change your AA based on market performance?

Would I change my AA based on market performance ? It depends on how much it goes up or down. My asset allocation % is not based on age, it is based on my reaching certain objectives. As the portfolio balance reaches specific targets (rather than age,) my bond allocation % is increased. When the mar...
by noyopacific
Mon Jul 14, 2014 12:32 am
 
Forum: Investing - Theory, News & General
Topic: In a crash, will you re-balance to maintain your target AA?
Replies: 64
Views: 4271

Re: Teaching Kids the Rules of Investing.

Does anyone have kids who like rules? Teenagers especially rebel against rules. Giving them more rules doesn't sound like a good plan. This is what I was thinking too. I used to employ reverse-psychology with our daughter. She eventually figured out what I was doing and once told me: "If you t...
by noyopacific
Sat Jul 12, 2014 5:48 pm
 
Forum: Investing - Theory, News & General
Topic: Teaching Kids the Rules of Investing.
Replies: 17
Views: 2024

Re: Why so afraid to "lose" money?

Why so afraid to "lose" money? I see a lot of posts about saving for things 1-5 years away. And the general consensus always seems to be that this money can't be in stocks. If you have a goal that requires you come up with cash within 5 years and you can save the money to accomplish this ...
by noyopacific
Sat Jul 12, 2014 4:55 pm
 
Forum: Investing - Theory, News & General
Topic: Why so afraid to "lose" money?
Replies: 22
Views: 3357

Re: Vanguard - Energy Fund

. . .To me it is clear by the results of the poll question, with approximately 70% a "no" and 30% a "yes" that the energy fund is not essential to portfolio construction. Best. I agree with your conclusion but not your logic. A 70% "no" vs 30% "yes" from othe...
by noyopacific
Thu Jul 10, 2014 5:02 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard - Energy Fund
Replies: 31
Views: 4019

Re: What one Vanguard fund for retirement?

Interesting question. One factor you need to think about is your end goal. I will assume you are managing this as your backup to cover any unforeseen circumstances. Anything that is left when you die will go to your heirs and/or some charitable purpose. Your ability to take risk appears high while y...
by noyopacific
Thu Jul 10, 2014 1:45 am
 
Forum: Investing - Help with Personal Investments
Topic: What one Vanguard fund for retirement?
Replies: 12
Views: 2729

Re: Bogle on Governance

Thanks for the linked video and articles. My favorite quotes from the video: Jack said: "Investment Company Act of 1940 says: Mutual Funds must be organized, operated and managed in the interests of their shareholders and not in the interests of the managers and distributors. That is what the l...
by noyopacific
Wed Jun 25, 2014 6:50 pm
 
Forum: Investing - Theory, News & General
Topic: Bogle on Governance
Replies: 9
Views: 835

Bogle on Governance

Reuters article: "Bogle Finds Little Traction on Governance." http://www.reuters.com/article/2014/06/24/us-wealth-summit-bogle-votes-idUSKBN0EZ2D820140624 " Jack Bogle, a celebrity for low cost investors, faces a disconnect with his own fan base when it comes to corporate governance.&...
by noyopacific
Wed Jun 25, 2014 7:07 am
 
Forum: Investing - Theory, News & General
Topic: Bogle on Governance
Replies: 9
Views: 835

Re: Philosophy Differs From Strategy

Rick Feri's article examines an important piece of the puzzle that I hadn't considered very much. In helping family & friends to understand and adopt the passive approach to investing, I think I neglected to explain the philosophical foundations very well. Rick explains this lesson in clear and ...
by noyopacific
Sun Jun 22, 2014 12:48 pm
 
Forum: Investing - Theory, News & General
Topic: Philosophy Differs From Strategy
Replies: 33
Views: 3273

A Fathers Day Q&A with Jack Bogle

This article appeared in the Sacramento Bee newspaper: http://www.sacbee.com/2014/06/14/6480033/jack-bogle-a-fathers-day-qa-with.html I learned a few things about Jack I hadn't known before. In response to the question: "Do you have any memorable bits of wisdom from your own father?" His r...
by noyopacific
Mon Jun 16, 2014 5:28 am
 
Forum: Investing - Theory, News & General
Topic: A Fathers Day Q&A with Jack Bogle
Replies: 0
Views: 284

Re: Anyone else want to share a "great vendor" experience

I got a "Load-Handler" for my pickup. It is a heavy canvas tarp that rolls out from a spindle rod over the bed between the wheel wells. You can load bulk items like firewood, gravel or weeds and brush on to it and then crank the tarp back on the spindle rod when you want to unload. It work...
by noyopacific
Sat Jun 07, 2014 5:04 am
 
Forum: Personal Consumer Issues
Topic: Anyone else want to share a "great vendor" experience
Replies: 4
Views: 681

Re: buying home with life partner, need advice!

One item I like in a partnership involving property is a provision that allows either partner to get out of the partnership. This, is often accomplished with a buy/sell agreement. It can work well for both business and domestic partnerships. Either partner can get out of the partnership by notifying...
by noyopacific
Wed Jun 04, 2014 7:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: buying home with life partner, need advice!
Replies: 17
Views: 1269

Re: Social Security at 66 vs. 70: A Bird in the Hand?

I didn't check the math, but part of the problem is you can't get any of the risk free, REAL , returns you're talking about. The SS increases are risk free, for the most part. That is a very good point however while the credit risk is low, there is the risk that you have to live long enough to coll...
by noyopacific
Mon Jun 02, 2014 9:08 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security at 66 vs. 70: A Bird in the Hand?
Replies: 54
Views: 4207

Re: Social Security at 66 vs. 70: A Bird in the Hand?

ObliviousInvestor wrote:http://wpfau.blogspot.com/2014/04/delaying-social-security-what-investment.html
Wade's chart compares age 62 vs. age 70. The OP is comparing 66 vs. 70. If they're each doing their math correctly, they should get different answers as to break-even points.


Thank you Mike Piper!
by noyopacific
Mon Jun 02, 2014 6:48 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security at 66 vs. 70: A Bird in the Hand?
Replies: 54
Views: 4207

Re: Social Security at 66 vs. 70: A Bird in the Hand?

Wade Pfau has done the calculations. http://wpfau.blogspot.com/2014/04/delaying-social-security-what-investment.html Your calculations don't match his. I would guess that his are correct. John John, Thanks for the link, I appreciated the article. While I have little doubt that Mr Pfau's calculation...
by noyopacific
Mon Jun 02, 2014 6:08 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security at 66 vs. 70: A Bird in the Hand?
Replies: 54
Views: 4207

Social Security at 66 vs. 70: A Bird in the Hand?

I have tried to calculate the possible effects of taking social security (SS) at 66 or at 70. I specifically wanted to consider if I were retired at 66 but waited until 70 to begin taking SS, the future interest that would be lost on the amount that I would need to withdraw from retirement savings i...
by noyopacific
Mon Jun 02, 2014 3:48 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security at 66 vs. 70: A Bird in the Hand?
Replies: 54
Views: 4207

Re: Would like to transfer to all index funds at Fidelity

If you want to go to a 3 Fund Index portfolio at Fidelity, some of the obvious fund choices seem to be: For your US Equity allocation: Fidelity Spartan Total Market Index Fund: (FSTVX) (expenses 0.06% / Advantage Class $10K minimum investment) For your International Equity allocation: Fidelity Spart...
by noyopacific
Mon Jun 02, 2014 1:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Would like to transfer to all index funds at Fidelity
Replies: 11
Views: 1040

Re: in-laws/student loans

It appears that you are in a very weak position to negotiate with your sister-in-law. As cosigner, you are on the hook for her loans and if she is unwilling or unable to pay them back, you will have to pay on them in order to protect your own credit rating and to avoid being sued by the lender. The ...
by noyopacific
Tue May 27, 2014 4:21 pm
 
Forum: Personal Consumer Issues
Topic: in-laws/student loans
Replies: 57
Views: 2536

Re: Leaving money to a profligate family member

Do you want him to receive the approximate income on $200,000, say $6,000 a year? If so, possibly you could have your estate purchase an annuity for him and then make alternate provisions for his children. The amount you suggest usually makes a trust uneconomical. Bruce I thought this was an intere...
by noyopacific
Sun May 25, 2014 2:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Leaving money to a profligate family member
Replies: 15
Views: 2053

Re: Giving financial advice (legal and other issues)

I would never "sit down with a friend" and give them detailed advice regarding what they should do with their life savings, this is a recipe for nothing but trouble. When a friend asks for my help, I lend a hand when and where I can. I don't believe I'd be worth much as a friend to others...
by noyopacific
Sun May 25, 2014 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Giving financial advice (legal and other issues)
Replies: 17
Views: 1371

Re: Investment Advisor Recommendation?

You might want your wife to read the article linked below (previously discussed in this forum.) Many of the people quoted are from the Bay Area including two who are investment advisors in Marin. The article discusses some interesting steps Google took prior to the IPO in order to arm their soon to ...
by noyopacific
Sun May 25, 2014 4:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Investment Advisor Recommendation?
Replies: 3
Views: 639

Re: ACA and Colonoscopy Costs

Sounds like the old bait & switch trick, the program was "sold" with "100% Coverage for Preventive Care" in bold print however the fine print doesn't quite rise to the assumptions we might have made when we heard the pitch. It is incredibly difficult to align the interests of...
by noyopacific
Wed May 21, 2014 2:49 pm
 
Forum: Personal Consumer Issues
Topic: ACA and Colonoscopy Costs
Replies: 6
Views: 685

Re: What if the market doesn't recover for a long period?

There is a risk in taking a single piece of advice, such as: “to buy a US total stock index and hold it long-term” and ignoring the context of basic investment principles. I think that the fundamental to keep in mind here is that when you purchase shares of stock or an equity mutual fund, what you a...
by noyopacific
Sun May 18, 2014 6:02 pm
 
Forum: Investing - Theory, News & General
Topic: What if the market doesn't recover for a long period?
Replies: 40
Views: 5742

Re: "Investors, How Dumb Are You?"

...We may be mistakenly accusing investors of stupidity, or at least attributing greater stupidity to them than they really deserve.... In my less than humble opinion, :wink: my and my wife's beating the S&P 500 over the past 20 years of investing had little (okay, nothing!) to do with being pa...
by noyopacific
Sun May 11, 2014 3:03 am
 
Forum: Investing - Theory, News & General
Topic: "Investors, How Dumb Are You?"
Replies: 51
Views: 6173

Re: Starting an RIA

Hi, My main concern is whether I could make it profitable or not billing at $150/hr. I am sure this has been tried but am not aware if anyone that has built a successful advisory business that is based exclusively on charging an hourly fee. I suspect that in order to build a successful practice, it...
by noyopacific
Mon Apr 21, 2014 10:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Starting an RIA
Replies: 28
Views: 2245

?'s for Jack Bogle

Jack,
Would it be realistic or even possible for a group of investors that is not associated with the management of Vanguard (like the Bogleheads) to nominate someone for election to the Board of Directors of the Vanguard Group and each affiliated fund ?
by noyopacific
Sat Apr 19, 2014 12:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Q&A WITH JACK BOGLE AT THE 2014 BOGLEHEAD CONFERENCE
Replies: 38
Views: 14606

Re: [High-frequency trading hurts regular customers]

A few years ago, Mason Hawkins, Founder of Southeastern Asset Management (SAM) / Longleaf Funds was one of very few fund managers that lobbied aggressively to rein in the practice of High Frequency Trading. His position is that HFT siphons over $20 billion per year out of the markets and does not pr...
by noyopacific
Sat Mar 29, 2014 12:31 am
 
Forum: Investing - Theory, News & General
Topic: [High-frequency trading hurts regular customers]
Replies: 107
Views: 7101

Re: Being my own contractor for a bathroom remodel?

I contacted my city's permit department today and spoke to a very nice and helpful lady. . . . I have a friend who is a full-time journeyman plumber and another who is a full-time mason and tile guy. Neither are contractors but they do better work than anyone I've ever seen. Knowing their craftsman...
by noyopacific
Fri Mar 28, 2014 10:25 pm
 
Forum: Personal Consumer Issues
Topic: Being my own contractor for a bathroom remodel?
Replies: 19
Views: 1870

Re: "Will Index Investing be the Norm?"

To paraphrase: In 1994, only 6% of U.S.-equity mutual funds and ETFs was invested in passive / index-based strategies (AKA: "Bogle's Folly.") Today index / passive funds comprise 36% of the total (actively managed equity funds have 64%.) Since 2006, index funds have experienced ever strong...
by noyopacific
Fri Mar 28, 2014 6:55 pm
 
Forum: Investing - Theory, News & General
Topic: "Will Index Investing be the Norm?"
Replies: 5
Views: 1122

Re: Load-Waived A-Share Funds Better Than Indexing?

Up to this point, I have been a die-hard Boglehead indexer . . . . . . Where can I go to answer this? If possible I'm looking for hard evidence. ? If you need hard evidence, it is pretty difficult to do better than the SPIVA Scorecard. http://us.spindices.com/documents/spiva/spiva-us-year-end-2013....
by noyopacific
Wed Mar 26, 2014 2:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Load-Waived A-Share Funds Better Than Indexing?
Replies: 30
Views: 1610

Re: Sibling is a Financial Adviser, ask investing advice?

I would guess that an investment adviser's success is often more dependant on their ability to deal with people than their skill at investment analysis. The Upton Sinclair quote comes to mind: "It is difficult to get a man to understand something, when his salary depends upon his not understand...
by noyopacific
Wed Mar 19, 2014 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Sibling is a Financial Adviser, ask investing advice?
Replies: 30
Views: 2119

Re: You Will Be Investing For Free In 5 Years - Article

Interesting that Vanguard says they could theoretically pay people to invest with them. I wonder if we'll eventually see funds with negative ERs. This is already effectively happening, at least occasionally. If you look at the past performance of Vanguard funds in comparison to the benchmarks that ...
by noyopacific
Wed Mar 19, 2014 2:53 am
 
Forum: Investing - Theory, News & General
Topic: You Will Be Investing For Free In 5 Years - Article
Replies: 21
Views: 5601

Re: Move to California means what $ ?

Thanks to all who replied. I was simply looking for input and seeing if anyone knew something I did not. bigez17, I was born in CA (SF Bay area) have lived here most of my life (and my family goes back 5 generations in CA.) I might know something that you don't know but I don't know what you know !...
by noyopacific
Wed Mar 05, 2014 6:54 pm
 
Forum: Personal Consumer Issues
Topic: Move to California means what $ ?
Replies: 55
Views: 4676

Re: California getaway

I enjoyed a getaway like this on the Mendocino coast (Fort Bragg) a few years ago in early May. But it was a bit of a haul to get there from the Bay Area, so I can't recommend it for everyone... I live in Fort Bragg and would not recommend a visit to the Mendocino Coast for a 3-day weekend getaway ...
by noyopacific
Wed Mar 05, 2014 4:15 pm
 
Forum: Personal Consumer Issues
Topic: California getaway
Replies: 42
Views: 2316

The Stock Market's Relentless Bid, Explained

I don't know it the authors data is accurate and am not sure this entirely explains the factors behind the extended bull market in equities but I thought it was an interesting perspective. http://finance.yahoo.com/blogs/the-exchange/the-stock-market-s-relentless-bid--explained-163536177.html
by noyopacific
Wed Mar 05, 2014 3:37 pm
 
Forum: Investing - Theory, News & General
Topic: The Stock Market's Relentless Bid, Explained
Replies: 22
Views: 2872

Re: LED bulb prices

madbrain, Plug in your electric cost and this should give you a rough cost comparison. I don't know if the lifetime ratings are accurate, and I have read that repeatedly turning fluorescents on and off shortens their life. YMMV. 60 watt incandescent 485 lumens $3.22 4,000 hours 15 watt fluorescent ...
by noyopacific
Sun Mar 02, 2014 5:30 am
 
Forum: Personal Consumer Issues
Topic: LED bulb prices
Replies: 118
Views: 15001

Re: Sold land for $35k - What would you do if you were me?

We are thinking of using some or most of this new money to purchase an inground pool or car in several years. . . One of my brothers, a Real Estate Agent, did an analysis a few years ago on the effect of inground pools on property values (in California.) He found that in the resale market, an ingro...
by noyopacific
Tue Feb 18, 2014 8:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sold land for $35k - What would you do if you were me?
Replies: 6
Views: 749
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