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Re: Been out of market since 2008 and can't get back in

You are the perfect candidate to have someone else manage your money. I suggest you consider using one of the names routinely mentioned here, Swedrow, Ferri, etc. Buildung a portfolio is not the issue, but making sure that you do not do foolish things is. Yep I agree with mpt: find help on National...
by sschullo
Tue Nov 25, 2014 1:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Been out of market since 2008 and can't get back in
Replies: 41
Views: 2568

Re: Bogleheads, anyone doing "Black Friday"

Absolutely NOT! I abhor consumerism 100% even without our culture pushing people to buy.
Going for my daily hike or the gym to work off that turkey and think about what some in my family really need.
by sschullo
Mon Nov 24, 2014 9:31 am
 
Forum: Personal Consumer Issues
Topic: Bogleheads, any "Black Friday" [recommendations]
Replies: 57
Views: 3796

Re: What percent "Boglehead" are you?

Following Nisiprius and Aptenodytes, here's our list: 1 - Plan: 9 2 - Invest early and often: 5 (long years in grad school) 3 - Just enough risk: 7 (started off too conservatively) 4 - Diversify: 10 5 - Don't time the market: 7 (haven't been tested yet) 6 - Index: 9 7 - Keep costs low: 9 8 - Minimi...
by sschullo
Mon Nov 24, 2014 9:23 am
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 119
Views: 5849

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

I think he is disingenuous because I think his beliefs are going beyond the data into practically guaranteeing that value will out perform growth and small over large. This is where we disagree, and where I think you are misinterpreting Paul. He is not "practically guaranteeing" anything,...
by sschullo
Sun Nov 23, 2014 9:20 am
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 88
Views: 8166

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

He is making a big deal about small cap and value and while he says that past performance blah, blah blah, he sure wants us to believe that value everything and small cap will practically guarantee you earn 2% more. I find that disingenuous. I do not. He is stating his beliefs and assumptions. Ther...
by sschullo
Sat Nov 22, 2014 7:19 pm
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 88
Views: 8166

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

Listened to Paul for years, but have been annoyed with him lately. Yes, I can understand the uproar here. Paul is disappointing with his 2nd podcast criticizing Vanguard over lack of value and small cap. There are lots of other issues to be negative, if he wants to go down that route. Why criticize ...
by sschullo
Sat Nov 22, 2014 8:50 am
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 88
Views: 8166

Re: Why own International at all?

John3754 wrote:Diversification.


+1
More companies in the Vanguard World index, over 6000, including the U.S.
Vanguard Total Stock market index has only 3700+ domestic companies.
by sschullo
Mon Nov 17, 2014 8:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Why own International at all?
Replies: 45
Views: 3988

Re: brand new investor

Brand new young investors have a special challenge. In theory they could be 100% equities for quite a while. In practice, if they have never experience a 50% or so drop in their portfolio they really don't know their real risk tolerance. Some get burned and never invest in the market again. So, my ...
by sschullo
Sun Nov 09, 2014 9:48 am
 
Forum: Investing - Help with Personal Investments
Topic: brand new investor
Replies: 14
Views: 1335

Re: Whats the expense ratio of this stable value fund ?

SV are complex products that involved purchasing and selling fixed securities, while guaranteeing a minimum interest rate and principle. This is my understanding: in our 457b plan, while the participants pay a .22% to TIAA CREF, our third party administrator, TIAA CREF also receives the spread betwe...
by sschullo
Sun Nov 09, 2014 9:39 am
 
Forum: Investing - Theory, News & General
Topic: Whats the expense ratio of this stable value fund ?
Replies: 16
Views: 1385

Re: What Movie Have You Recently Watched?

Saw in the movies "St. Vincent" with Bill Murray. I highly recommend it. Yea I agree. Lots of overlap with the movie "Way, way back." Both adult male characters (Bill Murray and Sam Rockwell in Way, Way Back) who themselves had many foibles turned out to be great role models for...
by sschullo
Sat Nov 08, 2014 9:42 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 222
Views: 18148

Re: made it through volatile October , hope to stay the cour

I , as a new boglehead, made it through October without doing anything, and trying to 'ignore the noise' , stay the course, and believe "I don't know , I don't care". I am hoping I can stay strong through any drops, crash, and try to stay true to my 10 year Investment Owner's contract. Oc...
by sschullo
Wed Nov 05, 2014 3:56 pm
 
Forum: Investing - Theory, News & General
Topic: made it through volatile October , hope to stay the course
Replies: 18
Views: 1160

Re: AA...any other crazy 80/20 folks out there?

Walter, https://personal.vanguard.com/us/insights/saving-investing/model-portfolio-allocations This simple table from Vanguard helped me assess my tolerance for risk and most importantly, the need to take it. It is fascinating that my AA is 30 stocks and 70% bonds and the return is 7.4%. A 80/20 is ...
by sschullo
Wed Nov 05, 2014 9:38 am
 
Forum: Investing - Help with Personal Investments
Topic: AA...any other crazy 80/20 folks out there?
Replies: 57
Views: 4789

Re: 27 yr old reaches $1m net worth

Great story. Starting young, getting a free education from the military and taking advantage of military's free living accommodations with overseas salary perks, reading books, frugal living to have the money to invest, buying and owning rental properties when the real estate market was down in one ...
by sschullo
Wed Nov 05, 2014 7:33 am
 
Forum: Investing - Theory, News & General
Topic: 27 yr old reaches $1m net worth [Update: With lies.]
Replies: 56
Views: 10769

Re: Trying to add Vanguard index funds to government 457b pl

Good news just got the following response : MassMutual can have Vanguard Index funds, but with a 35 BPS wrap. This could still make them cheaper than the current index funds. However, it could be confusing to some participants. HHIA (Investment advisor company hired by city) makes 5 BPS on this ass...
by sschullo
Tue Nov 04, 2014 3:42 pm
 
Forum: Investing - Theory, News & General
Topic: Trying to add Vanguard index funds to government 457b plan.
Replies: 11
Views: 872

Re: Morbid Question

When the videos of the Bogleheads 13 Conference are available, Rick Ferri answered this question during one of the Q&A sessions. I don't remember the details, but it was a similar question to the OP. His answer, paraphrased: "Over the past several years, some of my clients told me that whe...
by sschullo
Tue Nov 04, 2014 3:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Morbid Question
Replies: 28
Views: 4033

Re: A 'really good book' you did NOT enjoy

The sound and the fury. Tried about three times so far.. Just cant get past that first section. And I really like Faulkner Guess i shouldnt be surprised at the hate for moby dick but I love that one Just got through reading Sound and the Fury. The first section is the most incomprehensible part of ...
by sschullo
Mon Nov 03, 2014 10:27 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 229
Views: 11984

Re: Relatively new here. What did you do in 2008/09

mwm158 wrote:I moved into my fallout shelter. Let me know when it's over so I can come out.


People still have fallout shelters? 2008 was nothing compared to the fear I had as a 15 year old during 1962 Cuban Missile Crisis.
by sschullo
Sun Nov 02, 2014 10:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 130
Views: 9969

Re: 401k millionaire

john94549 wrote:The first million is the hardest.


And losing it in a short period of time is the easiest!
by sschullo
Sat Nov 01, 2014 2:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k millionaire
Replies: 27
Views: 5013

Re: Newbie question about fees.

Its called the Third Party Administrator fee (TPA). Its the cost for this company that your employer hired to do the record keeping, loans, hardship distributions etc. For example, one of our funds, Black Rock Lifepath index 2020, charges .19% and our TPA (TIAA CREF) charges, .37%, so the total cha...
by sschullo
Sat Nov 01, 2014 10:01 am
 
Forum: Investing - Theory, News & General
Topic: Newbie question about fees.
Replies: 12
Views: 665

Re: What are you up YTD?

Image
by sschullo
Sat Nov 01, 2014 9:20 am
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 213
Views: 18617

Re: Newbie question about fees.

Its called the Third Party Administrator fee (TPA). Its the cost for this company that your employer hired to do the record keeping, loans, hardship distributions etc. For example, one of our funds, Black Rock Lifepath index 2020, charges .19% and our TPA (TIAA CREF) charges, .37%, so the total char...
by sschullo
Sat Nov 01, 2014 8:29 am
 
Forum: Investing - Theory, News & General
Topic: Newbie question about fees.
Replies: 12
Views: 665

Re: Paul Merriman criticism?

This graph compares the performance of Wellington, Merriman's UB&H, CalSTRS (my pension) and our portfolio in dollar amounts using TREVH/Simba's backtesting spreadsheet. Starting with $238,000 in 1994, I inserted all of our 403b contributions and calculated the dollar amount and the following gr...
by sschullo
Fri Oct 31, 2014 8:38 am
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 59
Views: 4512

Re: What online banks do you like for savings or MMA?

Used credit unions because of low expenses and a place for monthly income from Vanguard.
by sschullo
Thu Oct 30, 2014 9:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: What online banks do you like for savings or MMA?
Replies: 44
Views: 3096

Re: Prudent Investment Portfolio for 58-year Old w/20M Net W

The same portfolio that would be appropriate for a 58 yr old investor with 2 million dollars and income needs of 37.5k per year. Its just an extra 0 in my opinion. 30% Total US Stock market 20% Total International 40% Muni Bond Index 10% Cash That would be a reasonable starting point IMHO. No need ...
by sschullo
Thu Oct 30, 2014 10:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Prudent Investment Portfolio for 58-year Old w/20M Net Worth
Replies: 39
Views: 4803

Re: Paul Merriman criticism?

Someone should drop Paul a line and have him come here and clarify his strategy. I think his strategy is fine if one has the time and inclination to monitor and rebalance it, otherwise, there are other funds available that could suit your needs and it doesn't require 10 funds to do so. Grt2bOutdoor...
by sschullo
Thu Oct 30, 2014 10:22 am
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 59
Views: 4512

Re: fleeced by an adviser, is there a recourse?

As depressing as this is, today over a third of all assets in US stock funds are in index funds. That is the single largest surprise I've seen over the last decade. I think everyone having anything to do with Bogleheads.org should take pride in helping consumers who earned the money keep it out of ...
by sschullo
Wed Oct 29, 2014 7:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: fleeced by an adviser, is there a recourse?
Replies: 104
Views: 9005

Re: Should I Sue?

Take the $1200 and move on. Even going to small claims court takes time. We tried that twice on two different problems. The first one was trying to find the legal name of the defendant put us over the top. In the other, the judge through our case out because of a technically, which is common for non...
by sschullo
Fri Oct 24, 2014 8:32 am
 
Forum: Personal Consumer Issues
Topic: Should I Sue? [couch damaged in garage of rental]
Replies: 39
Views: 3289

Re: Is Wells Fargo misleading my friend?

This "adviser" from WF is a broker dealer. I heard one of their advisers give a talk a while back and he was terrible! This portfolio's four investments were just thrown together with no thought to long term growth, low costs and diversification (Are we kidding!). Broker dealers are not tr...
by sschullo
Thu Oct 23, 2014 6:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is Wells Fargo misleading my friend?
Replies: 21
Views: 2568

Re: IRS Announces new 401(k) contribution max for 2015 ($18,

Just note that most of these increases are indexed to inflation. That's obviously a good thing compared to being fixed nominal values, but it also means that it's not really good if they go up or bad if they don't, as the limits aren't actually changing in real dollars (aside from rounding error). ...
by sschullo
Thu Oct 23, 2014 3:16 pm
 
Forum: Investing - Theory, News & General
Topic: IRS Announces new 401(k) contribution max for 2015 ($18,000)
Replies: 50
Views: 7478

Re: What happened to SoCal Chapter?

I would be VERY interested in forming an Inland Empire chapter. For me, meetings would have to be south Inland Empire (Corona or south of it). Otherwise traffic would be intolerable. Well, we are right back to geographic distant madness even in Inland Empire. FWIW, I am in the desert Inland Empire,...
by sschullo
Thu Oct 23, 2014 11:14 am
 
Forum: Local Chapters and Bogleheads Community
Topic: What happened to SoCal Chapter?
Replies: 19
Views: 2633

Re: Stocks as long term investments

Look at all the millionaires. They all buy individual stocks and not mutual funds. To make a million bucks buy individual stock, like Warren Buffett. Steve Schullo and Dan Robertson, author of the book Late Bloomer Millionaires , made $1,514,315 by 2011 by buying mutual funds with money saved from ...
by sschullo
Sat Oct 18, 2014 4:34 pm
 
Forum: Investing - Theory, News & General
Topic: Stocks as long term investments
Replies: 57
Views: 4922

Re: Relatively new here. What did you do in 2008/09

I am always concerned how the stock market recovered with vengence after 2008 crash due to Fed stepping in. So this recovery is not a normal one and does not fit the bill of "mean reversion" that passive indexing relies on. All investing relies on companies and the economy growing over th...
by sschullo
Fri Oct 17, 2014 6:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 130
Views: 9969

Re: Relatively new here. What did you do in 2008/09

What shocked me about the 2008 crash is that few people seemed to learn from the 2000-2002 crash. I think its because a equity diversified portfolio without a bond allocation (or a small bond allocation) worked fine. In the 2008 crash everything went down. A properly diversified equity portfolio cr...
by sschullo
Fri Oct 17, 2014 1:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 130
Views: 9969

Re: Relatively new here. What did you do in 2008/09

But I was active on the forum in 2007-2009, so I saw many other posters who discovered that they did not know their risk tolerance when the stock market lost more than half its value. Therefore, I do not recommend that anyone who hasn't already experienced a bear market hold more than 80% stock. Ho...
by sschullo
Fri Oct 17, 2014 7:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 130
Views: 9969

Re: BOGLEHEAD CONTEST -- S&P at record high.

With recent stock market volatility, this "contest" is proving once again that "Nobody Knows Nuthin" when it comes to the markets. Regardless, I hope I win... Amen! The best investing advice Jack ever received. Mine has been to Stay the Course which for the most part I managed t...
by sschullo
Fri Oct 17, 2014 7:06 am
 
Forum: Investing - Theory, News & General
Topic: BOGLEHEAD CONTEST -- S&P at record high.
Replies: 26
Views: 3936

Re: Your personal risk level: Got your flu shot yet?

Yea, every year for decades.
Since I am over 65 I also got the pneumonia and shingles vaccine. I did get sick after the pneumonia shot, but never with the flu or shingles.
by sschullo
Thu Oct 16, 2014 1:16 pm
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 3220

Re: Sixth anniversary of worst week ever for stocks

Nothing but enjoyed our fourth trip to the Grand Canyon.
by sschullo
Sat Oct 11, 2014 3:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sixth anniversary of worst week ever for stocks
Replies: 51
Views: 5401

Re: What evidence would prove the Boglehead mentality wrong?

There is nothing in the "Boglehead mentality" that assumes markets always go up. A few quotes from this thread: “Regardless of whether companies can increase profits or not, as long as companies are making profits, it makes sense to own a total stock market index fund.” “The concept of a ...
by sschullo
Tue Oct 07, 2014 7:37 pm
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 212
Views: 16104

Re: What will you do during the next crash?

LowER wrote:Buy, buy,...patience, then bye bye.


:D
by sschullo
Sat Oct 04, 2014 7:29 pm
 
Forum: Investing - Theory, News & General
Topic: What will you do during the next crash?
Replies: 63
Views: 4351

Re: How can I stop feeling depressed about my finances?

HomerJ wrote:I didn't really start my career until I was 29...

You're doing a lot better than I was at 26...


I didn't till I was 37--late bloomer.

Your are doing fine. Your main problem is comparing yourself with others.
by sschullo
Mon Sep 29, 2014 6:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: How can I stop feeling depressed about my finances?
Replies: 130
Views: 14571

Re: iOS 8 update available today

Waiting too.
by sschullo
Thu Sep 25, 2014 11:16 pm
 
Forum: Personal Consumer Issues
Topic: iOS 8 update available today
Replies: 65
Views: 5977

Re: Why don't you do Financial Planning?

Giving stuff away that others might find worth while is immensely rewarding.
by sschullo
Tue Sep 23, 2014 7:32 pm
 
Forum: Personal Consumer Issues
Topic: Why don't you do Financial Planning?
Replies: 41
Views: 3405

Re: Trusting our advisor?

Keep in mind $1M under management at a 1% annual fee is $10,000 a year. YOU can do this. As long as we are talking about advisers and their fees, you can easily find out what you are paying for advice by adding the advisers fees, usually 1.0% percent under management and the cost of the investments...
by sschullo
Sun Sep 21, 2014 11:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Trusting our advisor?
Replies: 25
Views: 2791

Re: CalPERS Eliminates Hedge Fund Program

I think this is very big and good news, hopefully Calpers will lead the way for other large pension funds to do more allocations to low cost index funds. And will save lots of unnecesary expenses and probably get better total returns. Hope CalSTRS is listening. The bosses, unfortunately, are still ...
by sschullo
Fri Sep 19, 2014 9:01 am
 
Forum: Investing - Theory, News & General
Topic: CalPERS Eliminates Hedge Fund Program
Replies: 44
Views: 3071

Re: The Roosevelts, PBS special

Remarkable story of how FDR lifted the country despite living with polio....very inspirational. I didn't know FDR was so active with helping polio victims at his Warm Springs center. They made a point that his polio helped him connect with people. My father loved FDR. My dad was a quiet man until I...
by sschullo
Fri Sep 19, 2014 8:57 am
 
Forum: Personal Consumer Issues
Topic: The Roosevelts, PBS special
Replies: 104
Views: 8691

Re: So far, so good? Vanguard Total International Bond

When Vanguard launched their Total International Bond Fund, it was supposed to be a yawner, with its currency hedging, but it also has a higher ER than Vanguard Total Bond Market. Then, there was some griping about Vanguard putting allocations of Total International Bond in their LifeStrategy Funds...
by sschullo
Sun Sep 07, 2014 9:01 pm
 
Forum: Investing - Theory, News & General
Topic: So far, so good? Vanguard Total International Bond
Replies: 45
Views: 5878

Re: A 'really good book' you did NOT enjoy

The Millionaire Next Door -- Frugality if fine, but the book promotes it at the expense of class, as in "classy." Victoria I loved The Millionaire Next Door but of course I am a super cheapskate. I loved it too. Author, Quentin Crisp, made a tangential support of frugality in his book: &q...
by sschullo
Sat Sep 06, 2014 4:49 pm
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 229
Views: 11984

Re: Retiree Investor Needs Advice

Thanks Again Guys! Great Information. Wish I had found this forum sooner but I just retired last year and it's time to do the rollover. By the way, does anyone recommend one hire a CFP or do you believe in just "do-it-yourself" and save the cash ? I believe one might spend their money mor...
by sschullo
Fri Sep 05, 2014 8:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Investor Needs Advice
Replies: 28
Views: 1689

Re: Vanguard Healthcare Fund [Portfolio help]

Yea, I used to have another "great" sector, technology. Don't go to any sectors.
by sschullo
Fri Sep 05, 2014 6:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Healthcare Fund [Portfolio help]
Replies: 12
Views: 1012
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