Search found 1546 matches

Return to advanced search

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 7:05 pm
 
Forum: Personal Consumer Issues
Topic: How can I stop feeling depressed about my finances?
Replies: 93
Views: 6082

Re: iOS 8 update available today

Waiting too.
by sschullo
Fri Sep 26, 2014 12:16 am
 
Forum: Personal Consumer Issues
Topic: iOS 8 update available today
Replies: 65
Views: 5538

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 8:32 pm
 
Forum: Personal Consumer Issues
Topic: Why don't you do Financial Planning?
Replies: 41
Views: 3216

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 12:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trusting our advisor?
Replies: 25
Views: 1883

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 10:01 am
 
Forum: Investing - Theory, News & General
Topic: CalPERS Eliminates Hedge Fund Program
Replies: 44
Views: 2887

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 9:57 am
 
Forum: Personal Consumer Issues
Topic: The Roosevelts, PBS special
Replies: 99
Views: 7810

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 10:01 pm
 
Forum: Investing - Theory, News & General
Topic: So far, so good? Vanguard Total International Bond
Replies: 45
Views: 4244

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 5:49 pm
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 226
Views: 10984

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 9:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Investor Needs Advice
Replies: 28
Views: 1613

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 7:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Healthcare Fund [Portfolio help]
Replies: 12
Views: 958

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

I remember that when I first started investing, the DOW was at around 2,000. This was 1988; I remember it going up to around 2,700 and it bounced around there for awhile until it finally topped 3,000. And then it topped 4,000. Now it is at 17,000+. Over time I realized that 1) today's new high is t...
by sschullo
Thu Sep 04, 2014 1:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Market at a all time high ( Sept 2014) , time to cash out?
Replies: 49
Views: 3764

Re: Article on the Allure of Higher Fees

Answer is simple Behavioralist/psychologists have long noted that investors want more from their investment than returns, wanting status, sign of success, sophistication. In other words they make investments for the same reasons they buy Rolex watches (when a cheap watch will tell time the same, or...
by sschullo
Thu Sep 04, 2014 9:35 am
 
Forum: Investing - Theory, News & General
Topic: Article on the Allure of Higher Fees
Replies: 4
Views: 514

Re: Can I give financial advice without being certified?

pkcrafter wrote:Don't provide advice; provide information.

Paul

+1
by sschullo
Sat Aug 30, 2014 10:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I give financial advice without being certified?
Replies: 6
Views: 818

Re: What Movie Have You Currently Watched?

snyder66 wrote:How about, Last Good Movie? It's been quite a while for me...

Not a feel good movie, but and ending you will not forget. Calvary. Visuals of Ireland are great, filmed on location.
by sschullo
Sat Aug 30, 2014 4:56 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 105
Views: 4486

Re: Newbie - Boglehead method rid need for financial advisor

You got the content correct. Its a very simple learning curve to set up a diversified portfolio with low cost funds. Its the emotional part that's complex and difficult. People are naturally afraid of the stock market. I know I was, well into my forties. Perhaps that is where a fee-only adviser migh...
by sschullo
Fri Aug 29, 2014 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie - Boglehead method rid need for financial advisors?
Replies: 7
Views: 509

Re: Hit a financial milestone at an age milestone

There isn't anything that I could add except CONGRATS. You made no mistakes and even your one individual stock was a gem. Perfect family, both working steadily and controlling spending, house in California, thinking and LIVING frugally, and socking it away. I have learned in this long life, that it...
by sschullo
Thu Aug 28, 2014 9:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 5087

Re: Hit a financial milestone at an age milestone

There isn't anything that I could add except CONGRATS. You made no mistakes and even your one individual stock was a gem. Perfect family, both working steadily and controlling spending, house in California, thinking and LIVING frugally, and socking it away. I have learned in this long life, that its...
by sschullo
Thu Aug 28, 2014 8:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 5087

Re: S&P500 over 2000

Just to throw ...some sadness It took S&P 16 years to go from 1000 to 2000 - to double; if you consider dividends account for inflation :) What's bad about that? You're talking about a ~5% cagr. I don't expect much more than that for my retirement calculations... Sadness about 16 years? This is...
by sschullo
Mon Aug 25, 2014 2:28 pm
 
Forum: Investing - Theory, News & General
Topic: S&P500 over 2000
Replies: 68
Views: 5444

Re: What is your most memorable 1 week vacation?

A week of silent meditation at Spirit Rock, Woodacre CA. Similar trip. A week in Portugal for the Kadampa world festival with 9000 other Buddhist monks, practitioners and our Tibetan born leader, Geshe Kelsang Gyatso (contemporary of the Dali Lama), who brought the tradition to the West. http://kad...
by sschullo
Mon Aug 25, 2014 1:05 am
 
Forum: Personal Consumer Issues
Topic: What is your most memorable 1 week vacation?
Replies: 91
Views: 7946

Re: Help with 403b choice

Always makes me wonder, what the kick back is to the district? I don't know for sure, but something somewhere gave me the impression that unions can be in a position to benefit from such arrangements. Districts don't get a kickback. They are happy just to let the vendor do all of the work while the...
by sschullo
Sat Aug 23, 2014 6:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with 403b choice
Replies: 16
Views: 1525

Re: Repeat: PBS Frontline The Retirement Gamble

This is a repeat from last year of the expose on Wall Street's "small" fees that add up over time and the effects it can have. I am not sure if John Bogle is in this or not. In the NY area it airs at 10PM tonight on Channel 13 (WNET), Caught part of it the last time, will catch the rest t...
by sschullo
Wed Aug 20, 2014 12:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Repeat: PBS Frontline The Retirement Gamble
Replies: 5
Views: 2049

Re: New Investor!! Did I make a mistake?

Wow, I have a lot to learn! I am so glad I found this site. Thank you guys for putting up with my naivety, I'm sure you will deal with it again. Most of us started naively and its great that you started so young. I was naive' in my late 40s and made big investing mistakes, but it turned out just fi...
by sschullo
Tue Aug 19, 2014 8:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor!! Did I make a mistake?
Replies: 39
Views: 1596

Re: POLL: Breaking up with advisor

sans souliers wrote:
Tycoon wrote:My deeply ingrained cynicism never allowed me to have an advisor.


Couldn't have said it better myself.


Yea! After getting burned by an annuity selling, self serving insurance agent, my cynicism and a motivation to help my teacher colleagues develop theirs was way beyond even my expectations.
by sschullo
Mon Aug 18, 2014 10:11 am
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Breaking up with advisor
Replies: 47
Views: 3156

Re: Convincing fears on investing for now?

I have had your 30/70 allocation for ten years and it took good care of me during the 2008 debacle. The P/E ratio for the s&p 500 is 19, below the PEs of other crashes. http://www.multpl.com/ but so what. There are thousands of brilliant chartists examining every last data point 24/7 and they ca...
by sschullo
Sun Aug 17, 2014 8:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convincing fears on investing for now?
Replies: 33
Views: 3370

Re: What was Underestimated\Overestimated in Retirement

I retired in 2008, hubby retired in 2000. No surprises, just that our portfolio grown more than expected since 09. Both are covered by good health plans, except for dental. Fortunately, I have excellent teeth.
by sschullo
Sun Aug 17, 2014 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: What was Underestimated\Overestimated in Retirement
Replies: 48
Views: 4705

Re: 403b Marketing

Here is the agents name and details by the insurance license at the bottom of the letter: [Personally identifiable information removed by admin LadyGeek] He is probably peddling index annuities, which is very popular product sold to California teachers. The sales pitch is to scare the bejesus out of...
by sschullo
Mon Aug 11, 2014 10:16 pm
 
Forum: Investing - Theory, News & General
Topic: 403b Marketing
Replies: 11
Views: 631

Re: Chosing which company to analyze?

I suggest you read Ben Graham "The Intelligent Investor". Get the edition with commentary by Jason Zweig. Also read "Common Sense on Mutual Funds" by John C. Bogle. These books are MUST READS before you embark on the "which company to analyze" question and will actuall...
by sschullo
Sun Aug 10, 2014 6:57 pm
 
Forum: Investing - Theory, News & General
Topic: Chosing which company to analyze?
Replies: 25
Views: 1239

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

has everyone forgotten the famous PLAN B? I was wondering the same thing. The answer seems to be "yes". If I understood correctly the purpose of Plan B, it is not for Bogleheads (that did their homework); it's for people that got their asset allocation wrong: http://www.bogleheads.org/for...
by sschullo
Thu Aug 07, 2014 9:53 pm
 
Forum: Investing - Theory, News & General
Topic: What actions to take in a stock market crash?
Replies: 85
Views: 5601

Re: In your opinion, who is in a riskier financial position?

Clearly person B. The margin debt speaks volumes. Those assets could be lost easily, especially if he or she gets lucky in the short run. Which leads me to ask, I wonder what else he or she is doing?
by sschullo
Thu Jul 24, 2014 7:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: In your opinion, who is in a riskier financial position?
Replies: 36
Views: 2973

Re: Where is your brokerage account?

Used Schwab, Scottrade, and Fidelity in my individual stock buying and losing days.

Been using VG for ten years and never look back.
by sschullo
Thu Jul 24, 2014 10:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Where is your brokerage account?
Replies: 41
Views: 2738

Re: Wife returning to work - Wisconsin Retirement System qs

I would go with the fixed pension plan rather than the hybrid. Hybrids are relatively new and carry risks. I am not sure if its the same risks that we would normally carry with the usual equity and bond exposure. I would be interested what others say. Bottom line, there is nothing wrong with having ...
by sschullo
Wed Jul 23, 2014 10:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Wife returning to work - Wisconsin Retirement System qs
Replies: 14
Views: 960

Re: Removing a beehive from mailbox newspaper holder

I'm a beekeeper, so please don't kill them if they are honeybees. Call a beekeeper, you should be able to find a local beekeeping association in your area on the web if needed. Someone should collect them for no charge. Many beekeeper clubs have a contact phone number at local fire departments, etc...
by sschullo
Sun Jul 20, 2014 8:53 am
 
Forum: Personal Consumer Issues
Topic: Removing a beehive from mailbox newspaper holder
Replies: 43
Views: 4642

Re: If you own a car, do you have a car payment?

There are three major reasons why people cannot live below their means: 1. house that is too big, 2. new car payments every 3-4 years and 3. paying too much for financial advice.
by sschullo
Sun Jul 20, 2014 7:25 am
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 7454

Re: AA for a spoiled young buck

2. Is 98% stocks an okay idea for a young person like myself? It is easy for me to say this because I wasn't a "player" in 2009 so I am not weathered but I'm a stubborn guy and am confident I can stay the course with a 50% downturn. 50% loss is huge. What if it goes down to 70%? That's ha...
by sschullo
Sat Jul 19, 2014 5:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA for a spoiled young buck
Replies: 33
Views: 5101

Re: Variable annuity ,what's the difference ?

M&E fees don't have to be bad. Here is one from a Variable CREF (of TIAA fame) annuity: Mortality and Expense Risk Charges 0.005% Their bigger fees are administration and investment advisory services. To my knowledge, CREF is the only company that has extremely low M&E fees and no surrender...
by sschullo
Sat Jul 19, 2014 2:23 pm
 
Forum: Investing - Theory, News & General
Topic: Variable annuity ,what's the difference ?
Replies: 14
Views: 1871

Re: Seeking Alternative Solution for her 403B…

How about a Roth for your wife?
by sschullo
Sat Jul 19, 2014 10:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Seeking Alternative Solution for her 403B…
Replies: 7
Views: 329

Re: Second Largest PreK-12 School District Wins a 457b award

Wow, I was expecting to be blown away by the low ER's but I wasn't really impressed. This makes me thankful for my 457b that has Vangaurd Target Retirements, 500, mid, and small all at the same ER's that Vanguard has them at. We don't have cheap International or Total Bond but I get those in our IR...
by sschullo
Sat Jul 19, 2014 12:53 am
 
Forum: Investing - Theory, News & General
Topic: Second Largest PreK-12 School District Wins a 457b award!
Replies: 11
Views: 919

Re: Professor looking for investment advice

Dear Folks, I have lurked here for many months, but have never posted before. I have been working at a university for 22 years and have a 403-B retirement account. I have only limited investments and will not get a pension. I am 54 and plan to work until my full retirement age of 67 (actually 66 ye...
by sschullo
Sat Jul 19, 2014 12:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Professor looking for investment advice
Replies: 16
Views: 1670

Re: Second Largest PreK-12 School District Wins a 457b award

Thx Ladygeek. This time LAUSD didn't screw up. I created this table. All grammar and spelling mistakes are mine.
Regarding the awards, there is no hierarchy.

That's correct Raymond. The ERs and the tpa fees are added together.
by sschullo
Fri Jul 18, 2014 1:08 am
 
Forum: Investing - Theory, News & General
Topic: Second Largest PreK-12 School District Wins a 457b award!
Replies: 11
Views: 919

Second Largest PreK-12 School District Wins a 457b award!

The Los Angeles Unified School District with all of its issues and problems has done one thing right; it won a retirement planning award from the National Association of Government Defined Contribution Administrators professional organization today. The vast majority of entries are from city, county...
by sschullo
Thu Jul 17, 2014 8:57 pm
 
Forum: Investing - Theory, News & General
Topic: Second Largest PreK-12 School District Wins a 457b award!
Replies: 11
Views: 919

Re: Ways to lose money and destroy personal wealth by invest

Most of the comments expressed I made at some point. The key to restoration is bucking up, taking responsibility and learn and get right back to investing. Blaming the system will also destroy wealth.
by sschullo
Thu Jul 17, 2014 11:54 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9652

Re: POLL: Do you have a dedicated REIT allocation?

Use to own REITS. I already own REITS in the TSM. I don't see a reason to tilt more to real estate, not part of my IPS.
by sschullo
Wed Jul 16, 2014 4:19 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Do you have a dedicated REIT allocation?
Replies: 123
Views: 7625

Re: Question about managed account

30K in 28 funds :oops: Get it over to VG ASAP. TD use LS Funds, taxable TSM / Tint. I second that suggestion. You have too many funds even for a million dollar portfolio! I am confident that you will find a simpler Boglehead way of investing and grow your money for the long term. Congrats for findi...
by sschullo
Mon Jul 14, 2014 10:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about managed account
Replies: 17
Views: 1371

Re: Rebalancing Question for Portfolio

livesoft wrote:I sensed some sentiment and emotions creeping into this decision. The only way to overcome that is to meet them head one and sell all of MMM and Wellesley.
Absolutely! Except the emotions are not creeping. You are talking about my deceased mother! :happy
by sschullo
Mon Jul 14, 2014 10:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing Question for Portfolio
Replies: 17
Views: 981

Re: Rebalancing Question for Portfolio

Sorry, asking two questions when I should have asked just primary question of reducing 38% equities to 30%. Agree that simplifying the portfolio by combining or eliminating some of the equity funds will not reach the goal of 30%. Simplifying is a separate but also important issue. What I hate is reb...
by sschullo
Mon Jul 14, 2014 9:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing Question for Portfolio
Replies: 17
Views: 981

Re: Rebalancing Question for Portfolio

Thanks everyone, We have owned these funds for many years, some for over a decade.I should not have included 3M. As Kevin said, I have it for sentimental reasons. My mother brought that stock half century ago, its only 64 shares and costs nothing to own. I like the suggestions to simplify the portfo...
by sschullo
Sun Jul 13, 2014 7:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing Question for Portfolio
Replies: 17
Views: 981
Next

Return to advanced search