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Re: "Why Bother With Bonds" -- A Gem

Bogleheads: Rick Van Ness is a successful private investor and retired executive who provides investor education using online videos, short books, and workshops. Rick has an MBA in Finance and is a valuable contributor to our forum and our wiki. Below are excerpts from his latest book, Why Bother W...
by oragne lovre
Fri Oct 31, 2014 8:23 pm
 
Forum: Investing - Theory, News & General
Topic: "Why Bother With Bonds" -- A Gem
Replies: 15
Views: 2481

Re: What are you up YTD?

gkaplan wrote:I'll let you know at the end of the year, if this thread is still active.


+1
by oragne lovre
Fri Oct 31, 2014 7:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 159
Views: 13114

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

Sunny Sarkar wrote:...Where we go wrong is in identifying very complex systems in real life that have too many variables to which this methods do not apply - like ... relationships, economy, stock picking, etc. .


+101. And the best sentence of the best post on this thread!!!
by oragne lovre
Mon Oct 27, 2014 9:51 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 132
Views: 9534

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

I assume Newton knew a lot about math but he still lost his money in the tulip craze. It was follow-the-herd behavioral issue, not the math, that did him in.
by oragne lovre
Sat Oct 25, 2014 12:53 am
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 132
Views: 9534

Re: Tesla S

The subject line of this thread should become "Tesla SX" since model X is also frequently discussed about.
But don't hold your breath for model E since BMW makes a big fuss about it :mrgreen:
by oragne lovre
Thu Oct 23, 2014 2:59 pm
 
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 556
Views: 61881

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

To become a better investor, one should learn from other fields that are not related to one's expertise. I agree with the author on this point.
by oragne lovre
Thu Oct 23, 2014 2:35 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 132
Views: 9534

Re: Should I (physician) get an MBA?

Should I get an MBA? I have an MD and am practicing in a large healthcare organization as a specialty physician. I am recently out of training. I was thinking of pursuing a part-time or executive MBA to get involved in administration later in my career. I wanted to get some knowledge and also to ge...
by oragne lovre
Wed Oct 22, 2014 11:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I (physician) get an MBA?
Replies: 31
Views: 3607

Re: Headed for a 300+ point loss today?

autonomy wrote:Aaaaand we're on our way up this rollercoaster. This comic captures it perfectly:

Image


A cartoon that is worth a thousand words :)
I've noticed that this thread has been quiet for about 72 hours.
by oragne lovre
Tue Oct 21, 2014 8:41 pm
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 445
Views: 30544

Re: Headed for a 300+ point loss today?

I care if the market makes big moves because my entire rebalancing strategy is based on such moves. On a daily basis? If needed, yes. For instance, if the market drops 5% tomorrow, I will rebalance. If it drops a further 5% on Monday, I will rebalance. If it drops 10% on Tuesday, I will rebalance. +1
by oragne lovre
Fri Oct 10, 2014 1:36 am
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 445
Views: 30544

Re: What's Your Takeaway from 2014 High Valuation

livesoft wrote:
oragne lovre wrote:I don't know if the equity market is now at its peak or not

A few asset classes are more than 5% off their peaks. It might be time to rebalance soon.


I'm doing "opportunistic" re-balancing gradually :happy
by oragne lovre
Thu Sep 25, 2014 1:14 am
 
Forum: Investing - Theory, News & General
Topic: What's Your Takeaway from 2014 High Valuation
Replies: 52
Views: 4257

Re: What's Your Takeaway from 2014 High Valuation

I do know that stocks are highly valued now. How do you know this? Did you read it as a headline on Yahoo? I used to say the same things until I was wisened up by the Boglehead's reading list. Have you tried reading any of those books? I'm legitimately trying to be helpful. No snark intended. Thank...
by oragne lovre
Wed Sep 24, 2014 5:08 pm
 
Forum: Investing - Theory, News & General
Topic: What's Your Takeaway from 2014 High Valuation
Replies: 52
Views: 4257

What's Your Takeaway from 2014 High Valuation

I don't know if the equity market is now at its peak or not. I do know that stocks are highly valued now. I promise to myself one thing: "Do not let my shirt pulled up so high that it blindfolds my eyesight. I might lose my shirt that way."
by oragne lovre
Wed Sep 24, 2014 11:39 am
 
Forum: Investing - Theory, News & General
Topic: What's Your Takeaway from 2014 High Valuation
Replies: 52
Views: 4257

Re: Who holds your Solo 401k?

EmergDoc wrote:Mine is at Vanguard, but there are good reasons to go somewhere else:

http://whitecoatinvestor.com/where-to-o ... solo-401k/

Etrade, for instance, should get a mention on this thread.


+1
by oragne lovre
Mon Sep 22, 2014 7:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Who holds your Solo 401k?
Replies: 37
Views: 2255

Re: Do I need to send in estimated tax????

placeholder wrote:
oragne lovre wrote:Is this site trustworthy? It asks for SSNs.

What do you mean?


This site asks for your full name and social security number.
by oragne lovre
Sat Sep 20, 2014 1:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Do I need to send in estimated tax????
Replies: 32
Views: 2082

Re: Do I need to send in estimated tax????

Yes, probably, but it depends. Do you meet one of the so-called "safe harbors" for paying taxes? [Link removed. (I had the link for the text of safe harbor and not for anything else. No one should pay a fee to pay taxes.] Why not have taxes withheld from your pension paychecks? Is this si...
by oragne lovre
Sat Sep 20, 2014 12:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Do I need to send in estimated tax????
Replies: 32
Views: 2082

Re: Jason's Zweig's new dictionary ---enjoy

I've extremely enjoyed, especially the "averaging down."
by oragne lovre
Fri Sep 19, 2014 12:14 am
 
Forum: Investing - Theory, News & General
Topic: Jason's Zweig's new dictionary ---enjoy
Replies: 28
Views: 2754

Re: Buying CDs

Dandy, What a terrific synopsis of direct vs. brokered CDs! I am in the process of slowing converting CDs with numerous different banks to brokered issues under the Vanguard umbrella. Getting a little tired of dealing with different banks and waiting for the funds through checks or ACH as they come...
by oragne lovre
Mon Sep 15, 2014 11:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Buying CDs
Replies: 30
Views: 3574

Re: Clean, quiet, safe and cheap. Is there such a travel pla

Are you thinking of just living on a rural farm somewhere in the middle of nowhere? I hear this is what a farmhouse in parts of France are like. They come with a one-speed bike to ride into town for a baguette and cheese. Do you happen to have links to such French places? Here is a place used by my...
by oragne lovre
Sat Sep 13, 2014 12:28 am
 
Forum: Personal Consumer Issues
Topic: Clean, quiet, safe and cheap. Is there such a travel place?
Replies: 75
Views: 5823

Re: Buffett: Modern investment theory is horse-pucky

A journalist's lack of understanding of Modern Portfolio Theory results in, intentionally or un-intentionally, what borders on a journalistic fraud. The journalist's undesirable article, however, creates an exciting debate. "Wow. Just Wow. Breathtaking. Bookmarked." As opposed to Nisiprius...
by oragne lovre
Fri Sep 12, 2014 11:42 pm
 
Forum: Investing - Theory, News & General
Topic: Buffett: Modern investment theory is horse-pucky
Replies: 119
Views: 10391

Re: Calculated Spending: Cars

For Warren Buffett, he does not spend .00000...1% of his assets to buy a car. Too many zeros. A Cadillac DTS is about $40,000 Warren Buffett's net worth is about $64 billion. That's a whopping 0.00006%. Cars are expensive, even for the insanely wealthy. Did that need a smilie? Warren Buffett is def...
by oragne lovre
Fri Sep 12, 2014 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 2932

Re: Calculated Spending: Cars

I've always used the IRS mileage reimbursement rate as a benchmark. I only mention this as a cost comparison to judge how much is cheap/expensive. It also provides a reminder to consider total life cycle cost of the car. You can check Pub 17 or whatever IRS info covers this, but it seeks to roll up...
by oragne lovre
Fri Sep 12, 2014 8:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 2932

Re: Clean, quiet, safe and cheap. Is there such a travel pla

livesoft wrote:Are you thinking of just living on a rural farm somewhere in the middle of nowhere? I hear this is what a farmhouse in parts of France are like. They come with a one-speed bike to ride into town for a baguette and cheese.


Do you happen to have links to such French places?
by oragne lovre
Fri Sep 12, 2014 12:54 am
 
Forum: Personal Consumer Issues
Topic: Clean, quiet, safe and cheap. Is there such a travel place?
Replies: 75
Views: 5823

Re: Calculated Spending: Cars

I've always used the IRS mileage reimbursement rate as a benchmark. I only mention this as a cost comparison to judge how much is cheap/expensive. It also provides a reminder to consider total life cycle cost of the car. You can check Pub 17 or whatever IRS info covers this, but it seeks to roll up...
by oragne lovre
Thu Sep 11, 2014 10:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 2932

Re: "Why 97% of People Don't Use 529 College Savings Plans."

JustinR wrote:I'm in California. I haven't read very much about 529 plans, is it worth pursuing if you've maxed out all your other retirement funds?


It's worth it. I use Vanguard age-based portfolios for my children.
by oragne lovre
Thu Sep 11, 2014 12:03 pm
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 110
Views: 10835

Re: Calculated Spending: Cars

I've always used the IRS mileage reimbursement rate as a benchmark. For 2014, IRS standard mileage rate is $0.56 per mile for business miles driven. Let's say that one drives 10,000 business miles a year, IRS standard mileage reimbursement is $5600 per year. If that person plans to drive the car fo...
by oragne lovre
Thu Sep 11, 2014 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 2932

Re: Calculated Spending: Cars

livesoft wrote:No more than the amount your portfolio has gone up or down in one single day in the past 12 months.


Any particular reason for this suggestion?
by oragne lovre
Wed Sep 10, 2014 8:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 2932

Calculated Spending: Cars

A lot of people see their cars as toys; many others consider them as necessary tools that make daily lives safer and more productive. I belong to the latter group. Having scanned some recent posts, I have not seen ones that discuss about a sensible spending for those who definitely need replacement ...
by oragne lovre
Wed Sep 10, 2014 7:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculated Spending: Cars
Replies: 42
Views: 2932

Re: POLL: What was the first stock you ever bought?

I bought one share of Tesla after many years of index investment. I've got it because I like green-car concept, Tesla business model, and a fun "roller-coaster ride" by owning an individual stock. I plan to hold this one share for many years though :)
by oragne lovre
Fri Sep 05, 2014 10:52 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: What was the first stock you ever bought?
Replies: 74
Views: 2938

Re: Marathon Running and Long-term Investing

Noam Wasserman, author of The Founder's Dilemmas, makes another metaphorical comparison between a marathon and founding of a startup business : "Members of entrepreneurial community often say that the founding process is "a marathon made up of a series of 100-yard dashes." Every 100 y...
by oragne lovre
Tue Sep 02, 2014 12:20 am
 
Forum: Personal Consumer Issues
Topic: Marathon Running and Long-term Investing
Replies: 19
Views: 1776

Re: "The Best of Times. An Interview with Jonathan Clements"

Jonathan Clements is also my favorite columnist. His reflection and action on 2008-2009 period resonate with mine.
As always, many thanks for another excellent post.
by oragne lovre
Fri Aug 29, 2014 11:26 am
 
Forum: Investing - Theory, News & General
Topic: "The Best of Times. An Interview with Jonathan Clements"
Replies: 3
Views: 584

Re: Emerging markets 1900-2013

OP started an interesting post that has triggered interesting comments. I, however, have to admit that I don't fully understand how the OP has reached such a specific recommendation of 13% allocation to EM. It's nevertheless an excellent thread for me to learn more about the history of emerging mark...
by oragne lovre
Thu Aug 28, 2014 1:54 am
 
Forum: Investing - Theory, News & General
Topic: Emerging markets 1900-2013
Replies: 54
Views: 5726

Re: U.S. stocks in freefall

Lots of Bogleheads seem to simultaneously hold the following contradictory views: (1) You can't time the market. (2) When stocks fall, it's a great time to buy. +1 I think there is a subtle difference between "time the market" phrase, which means predicting the up and down of the market, ...
by oragne lovre
Fri Aug 08, 2014 2:04 am
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 941
Views: 157657

Re: What actions to take in a stock market crash?

oldzey wrote:Tax harvest, look for bargains, reevaluate the amount of risk (pain) you are willing to bear, rebalance portfolio, tighten belt, and stay the course.


Well said! End of discussion :beer
by oragne lovre
Thu Aug 07, 2014 10:20 pm
 
Forum: Investing - Theory, News & General
Topic: What actions to take in a stock market crash?
Replies: 85
Views: 5753

Re: Marathon Running and Long-term Investing



Livesoft,

Thanks for the interesting article, which reminds me that I should pace myself even more evenly in upcoming October Long Beach Marathon.
by oragne lovre
Thu Aug 07, 2014 11:47 am
 
Forum: Personal Consumer Issues
Topic: Marathon Running and Long-term Investing
Replies: 19
Views: 1776

Re: Marathon Running and Long-term Investing

...Translation: let all the actively managed rabbits run out ahead, then pass them up later with boring index funds. Works every time. Thank you for pointing out the inherently boring similarity of both running long-distance and investing in index funds. Yes, they both appear boring to death to man...
by oragne lovre
Thu Aug 07, 2014 12:44 am
 
Forum: Personal Consumer Issues
Topic: Marathon Running and Long-term Investing
Replies: 19
Views: 1776

Re: Marathon Running and Long-term Investing

The fifth lesson is that investing, like marathon running, is "an experiment of one" (to quote George Sheehan ). You have to find the shoe that works for you , and the training plan that works for you , and the diet that works for you , and.... well you get the idea. Veteran marathoners c...
by oragne lovre
Wed Aug 06, 2014 12:02 pm
 
Forum: Personal Consumer Issues
Topic: Marathon Running and Long-term Investing
Replies: 19
Views: 1776

Marathon Running and Long-term Investing

With a single-digit decline of the market, there are several threads implying a falling sky. Some buy-and-hold, stay-the-course bogleheads recommend some tactics that help cope with a falling-sky when it truly occurs. In my opinion, long-distance running such as marathon tremendously helps reinforce...
by oragne lovre
Wed Aug 06, 2014 4:05 am
 
Forum: Personal Consumer Issues
Topic: Marathon Running and Long-term Investing
Replies: 19
Views: 1776

Re: What actions to take in a stock market crash?

Ok, so sell bonds and buy stocks. But what if the knife keeps falling? Like I said- let's say you sold bonds and bought stocks after a 30% stock crash. Then 1 month later, or some time later, it falls another 30%. How do you decide when to "pull the trigger" on that falling knife?? The mo...
by oragne lovre
Tue Aug 05, 2014 12:34 am
 
Forum: Investing - Theory, News & General
Topic: What actions to take in a stock market crash?
Replies: 85
Views: 5753

Re: Where does 4% start

The 4% works best as a guideline for pre-retirement planning. Actual retirees do not necessarily have to spend all annual 4%; if they are comfortable and happy with 3% withdrawal of a particular year, then stay with 3% for the year. It goes back to "living below, or within, your means."
by oragne lovre
Sun Aug 03, 2014 3:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where does 4% start
Replies: 28
Views: 3214

Re: How many families use 529 plans?

For most Americans, 529s are an iffy proposition. The primary gains are: 1. state tax credit; 2. forced or at least siloed savings. The disadvantages are: 1. the average American doesn't go to college; 2. the average American could pay 0% tax in long term capital gains even without a 529; 3. the av...
by oragne lovre
Sat Aug 02, 2014 9:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: How many families use 529 plans?
Replies: 107
Views: 6954

Re: Huff Post: How Financially Literate Is the Investing Pub

It's an interesting quiz and I want to throw in my two-cents. 1. As several persons already point out the imperfect wording and thus incorrect answer to question 12, I won't go back to it. I also feel that question 5 is not perfectly worded either. The reason is that question 5 leaves out the import...
by oragne lovre
Fri Aug 01, 2014 1:42 am
 
Forum: Investing - Theory, News & General
Topic: Huff Post: How Financially Literate Is the Investing Public?
Replies: 52
Views: 4886

Re: RBD here yet? (DOW -300points drop) [Really Bad Day]

bargainhuntingking wrote:While the pessimists have already spoken, RBD means, to the optimist, Rebalancing Bonus Day.


RBD = Really Bad Day (for some) vs Re-balancing Bonus Day vs Re-balancing Big Day vs Re-entering through Back Door (as far as IRA is concerned)
by oragne lovre
Fri Aug 01, 2014 12:33 am
 
Forum: Investing - Help with Personal Investments
Topic: RBD here yet? (DOW -300points drop) [Really Bad Day]
Replies: 49
Views: 5251

Re: RBD here yet? (DOW -300points drop)

It's not an RBD yet. But it's bad enough to give me an opportunity to easily carry out back-door Roth IRA conversion today.
by oragne lovre
Thu Jul 31, 2014 9:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: RBD here yet? (DOW -300points drop) [Really Bad Day]
Replies: 49
Views: 5251

Re: Bonds!!??

I am puzzled. If the facts about bonds are so self-evident as nisiprius, Taylor, and many others state, then why do so many Bogleheads (and others) still discuss and explore so many variations of bond & fixed income instruments' ownership? My guess is that not many investors accept that long-te...
by oragne lovre
Wed Jul 30, 2014 1:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Bonds!!??
Replies: 56
Views: 11162

Re: Bonds!!??

...Some Bogleheads in this forum have made a very good case for substituting bank CD's, yes, plain old bank CD's for bonds over the next couple of years. The case is that not that the CDs will do better, it's that it looks like they'll do about as well, so if you can do about as well without the in...
by oragne lovre
Tue Jul 29, 2014 1:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Bonds!!??
Replies: 56
Views: 11162

Re: Do any boggleheads invest in individual companies?

I do have ONE share of Tesla that gives me a bragging right about my stock-picking skill :D The rest of portfolio is in mutual funds that are about 80/20, which will gravitate toward more bonds as time goes by.
by oragne lovre
Tue Jul 29, 2014 12:43 am
 
Forum: Investing - Theory, News & General
Topic: Do any boggleheads invest in individual companies?
Replies: 95
Views: 6000

Re: Vanguard eliminates fee on FTSE All-World ex-US Small-Ca

Having received the Vanguard email message, I immediately logged onto the fund with intent to set up automatic investment - its fee is the reason that has prevented me from DCA. To my surprise, its site still shows the fees. Do I miss something here?
by oragne lovre
Mon Jul 28, 2014 1:00 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard eliminates fee on FTSE All-World ex-US Small-Cap
Replies: 35
Views: 5260

Re: Vanguard sued for charging too little

spth wrote:Is Vanguard charging below market rates? I use Fidelity Spartan funds with ERs very similar to Vanguard's.


It's an interesting question.
by oragne lovre
Mon Jul 28, 2014 12:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 187
Views: 22195

Re: Solar Panels?

I considered buying a Toyota Prius a few years ago. Did the numbers and it didn't work out. The savings in gas didn't make the buy work. Bought a Subaru Outback instead. Most of these products (Prius, Chevy Volt, Tesla, hybrid cars, solar panels, etc.) often make no economic sense. They are emotion...
by oragne lovre
Sun Jul 20, 2014 1:30 am
 
Forum: Personal Consumer Issues
Topic: [residential] Solar Panels [in CA]?
Replies: 22
Views: 1848

Re: How much do you spend on your hobby annually?

RunningRad wrote:It depends. Is my wife reading this? ;)


:) :) :)
by oragne lovre
Sun Jul 20, 2014 12:13 am
 
Forum: Personal Consumer Issues
Topic: How much do you spend on your hobby annually?
Replies: 77
Views: 7545
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