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Re: Coming to terms with low risk tolerance

That’s why Mr. Bernstein recommends that young investors start with a portfolio that’s roughly 50% stocks (split evenly between foreign and domestic) and 50% U.S. bonds until they experience their first bear market. “Then you see how you respond and you learn what your actual risk tolerance is,” he...
by sschullo
Sun Apr 19, 2015 7:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Coming to terms with low risk tolerance
Replies: 33
Views: 2201

Re: regret and depression...how to deal with it

I lost a million when I was in my 50s!, during the 2000 crash and I don't regret a bit. It was a learning experience and wrote a book about it and just finished another because of the 403(b) experience, by making mistakes all along And doing some things right too. Only a few bogleheads came out of ...
by sschullo
Sun Apr 19, 2015 7:17 am
 
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 74
Views: 5662

Re: Mom is 59.5, in a terrible 403b. can she rollover?

Your mom's employer might have a decent offering by your state pension plan. Here in California most districts have a terrific Pension2 that is offered by our state teachers' pension plan.
by sschullo
Sun Apr 19, 2015 6:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Mom is 59.5, in a terrible 403b. can she rollover?
Replies: 15
Views: 1463

Re: Can't Just Do Nothing

Get involved in something. Before long, you'll realize it's been months since you looked at your finances. Or help people here with theirs. That's far more interesting than looking at my own, again. In short, get a life! :) +1 Help others. It gets the world off of you, being humble is powerful, it ...
by sschullo
Sat Apr 18, 2015 8:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Can't Just Do Nothing
Replies: 43
Views: 5523

Re: Bernstein: "If you've won the game, stop playing."

Once the game has been won by accumulating enough safe assets to retire on, it makes little sense to keep playing it, at least with the “number”: the pile of safe assets sufficient to directly provide or indirectly purchase an adequate lifetime income stream. Bogleheads: I am in retirement and I ta...
by sschullo
Sat Apr 18, 2015 7:30 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 128
Views: 11739

Re: how to deal with it [regret over past investing choices]

I vote this thread as the best for 2015. I sometimes notice people seeking help here and every now and then they get negative advice instead of being encouraged. I'm glad to see this thread because it encourages people to never give up and not beat yourself up for making mistakes or just having bad...
by sschullo
Sat Apr 18, 2015 7:22 am
 
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 74
Views: 5662

Re: regret and depression...how to deal with it

I lost a million when I was in my 50s!, during the 2000 crash and I don't regret a bit. It was a learning experience and wrote a book about it and just finished another because of the 403(b) experience, by making mistakes all along And doing some things right too. Only a few bogleheads came out of ...
by sschullo
Sat Apr 18, 2015 6:13 am
 
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 74
Views: 5662

Re: 403B vendor choices - stay at TRP or transfer to Fidelit

.3% more in costs is minimal at the beginning with zero assets. But after saving for 20 years, your $525,000 with a .3% adds up to $1575 more in costs per year, according to my math. Add that for the next 40 years should you live to ninety--$63,000. And that's just the basic cost based on a static $...
by sschullo
Wed Apr 15, 2015 7:23 am
 
Forum: Investing - Help with Personal Investments
Topic: 403B vendor choices - stay at TRP or transfer to Fidelity
Replies: 9
Views: 609

Re: How does this site make money?

The real story behind all this is the selflessness of the owners of this site. This is a million dollar a year site they have simply decided not to monetize. The beauty of capitalism is that you can make money and at the same time serve your purpose better. If the site chooses to monetize, it can h...
by sschullo
Tue Apr 14, 2015 6:00 pm
 
Forum: Forum Issues and Administration
Topic: How does this site make money?
Replies: 39
Views: 5364

Re: Does your family know about your net worth (ball park)?

From looking at the recent annual income poll result, I think most BHs are already millionaires or will become one. Q1. Does your family (parents, siblings) know about your net worth (ball park figure)? Q2. Do you know their net worth? Q3. How does knowing one's net worth affect family relationship...
by sschullo
Tue Apr 14, 2015 4:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 96
Views: 10261

Re: I... must... stop... Spending!

sunny_socal wrote:Ok I didn't really have a question in my first post, it was more of a rant! :mrgreen:

But I don't actually need anything more.


If you really believe what you wrote, that's 90% of the battle to live frugally, save, pay off debts and find non expensive experiences that you enjoy.
by sschullo
Tue Apr 14, 2015 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: I... must... stop... Spending!
Replies: 25
Views: 3750

Re: Talking to People About Retirement

Beth, Retired at 60 with a smaller pension but had money in my 403(b) plan. Was the best decision I made. You don't know how lucky you are and all of the Bogleheads that we paid attention to spending, saving, learning investing, risking and making mistakes, starting late, knowing nothing at 40 years...
by sschullo
Mon Apr 13, 2015 10:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Talking to People About Retirement
Replies: 70
Views: 6360

Re: Indicator of a bad advisor?

I've seen a lot of threads here about bad advisors. But recently I heard something new. My elderly MIL has a 2% AUM financial advisor. My wife and I have long been leery of him, if for no other reason that he was unable to make money in 2013. And a CPA helping MIL with her taxes last week added thi...
by sschullo
Sun Apr 12, 2015 5:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Indicator of a bad advisor?
Replies: 13
Views: 1651

Re: regret and depression...how to deal with it

I lost a million when I was in my 50s!, during the 2000 crash and I don't regret a bit. It was a learning experience and wrote a book about it and just finished another because of the 403(b) experience, by making mistakes all along And doing some things right too. Only a few bogleheads came out of ...
by sschullo
Sat Apr 11, 2015 8:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 74
Views: 5662

Re: regret and depression...how to deal with it

I lost a million when I was in my 50s!, during the 2000 crash and I don't regret a bit. It was a learning experience and wrote a book about it and just finished another because of the 403(b) experience, by making mistakes all along And doing some things right too. Only a few bogleheads came out of t...
by sschullo
Sat Apr 11, 2015 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 74
Views: 5662

Re: It's Official - We're Done

KlingKlang wrote:
midareff wrote:
Carefreeap wrote:Congratulations! 8-)



+1 :D


+2 :D :D


+3 :D :D :D
by sschullo
Sat Apr 11, 2015 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: It's Official - We're Done
Replies: 38
Views: 8043

Re: "Are Index-Fund Investors Smarter?"

Agree with the wise comments. Reminds me of Psychologist and Philosopher, William James, who said: The art of being wise is knowing what to overlook
by sschullo
Wed Apr 08, 2015 9:06 am
 
Forum: Investing - Theory, News & General
Topic: "Are Index-Fund Investors Smarter?"
Replies: 29
Views: 3408

Re: Haliburton vs. Exxon as a buy and hold

As boring as it may sound, I would just buy the total stock market index. There you can have them both. z3r0c00l is right in that individual stocks carry a lot of risk. +1 Boring is good! And when the company decides to lower its dividend, investors will sell and the stock price will drop too. You ...
by sschullo
Mon Apr 06, 2015 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Haliburton vs. Exxon as a buy and hold
Replies: 40
Views: 3340

Re: Haliburton vs. Exxon as a buy and hold

As boring as it may sound, I would just buy the total stock market index. There you can have them both. z3r0c00l is right in that individual stocks carry a lot of risk. +1 Boring is good! And when the company decides to lower its dividend, investors will sell and the stock price will drop too. You ...
by sschullo
Mon Apr 06, 2015 10:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Haliburton vs. Exxon as a buy and hold
Replies: 40
Views: 3340

Re: Anyone signed up for Openfolio?

Using Openfolio's data of 20,000 registered investors, CBS Money Watch financial reporter Kathy Kristof wrote this article: http://www.cbsnews.com/news/amateur-investors-beat-wall-street-pros/ We (Dan my hubby and I) were quoted asking for our thoughts about why teachers make good investors, since w...
by sschullo
Sat Apr 04, 2015 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone signed up for Openfolio?
Replies: 7
Views: 1256

Re: Why Buying a *New* Car Makes Sense? Please help!

It doesn't make sense economically, when slightly used cars that could save you a lot of money over the long run are for sale everywhere. Emotionally? yeah! makes a lot of sense. Americans love their new shiny car every 3-4 years.
by sschullo
Mon Mar 30, 2015 5:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why Buying a *New* Car Makes Sense? Please help!
Replies: 63
Views: 5463

Re: Did you learn anything from 2008?

I learned all about AA and proper diversification with the stock/bond split after 2000. No problems with 2008.
by sschullo
Mon Mar 30, 2015 5:30 pm
 
Forum: Investing - Theory, News & General
Topic: Did you learn anything from 2008?
Replies: 105
Views: 8430

Re: Rebalancing Question for Portfolio

OK, let's talk about my dead mom. She never wanted anything to do with bonds or bond funds. "They are so boring! Besides I have social security, Dad's pension, and a single premium immediate annuity. I don't need no stinkin' bonds." OK, she said all those things except the last one was &q...
by sschullo
Mon Mar 30, 2015 1:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing Question for Portfolio
Replies: 18
Views: 1218

Re: Zen Boglehead's

Mr. Bogle is our Zen Master.
by sschullo
Sat Mar 28, 2015 4:23 pm
 
Forum: Investing - Theory, News & General
Topic: Zen Boglehead's
Replies: 19
Views: 2453

Re: Smartest Financial Move You Ever Made

Easy... Getting married and staying married to the most wonderful person has turned out to have the best (side) effect on my (our) financial life :) +1 We are extremely lucky to have been happily partnered and then legally married for a total of 40 years. And getting an education, the best investme...
by sschullo
Sat Mar 28, 2015 4:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Smartest Financial Move You Ever Made
Replies: 139
Views: 13566

Re: Nightly Business Report; Indexed vs Active Funds

I miss Paul Kangas. I still remember when he said that his car is so old, when he fills it with gas, its value doubles! I love it!
And "Wishing all of you the Best of Good Buys."
by sschullo
Sat Mar 28, 2015 4:17 pm
 
Forum: Investing - Theory, News & General
Topic: Nightly Business Report; Indexed vs Active Funds
Replies: 13
Views: 1871

Re: 403b Question

I don't have access to the studies, but if the expenses exceed 1.5% the calculations usually turn in favor of forgoing the retirement plan and investing in a taxable account (at least for a long holding period) That figure "1.5%" has been mentioned as the breaking point for over a decade....
by sschullo
Tue Mar 24, 2015 3:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403b Question
Replies: 26
Views: 1926

Re: The one area I disagree with Jack

Lately, there has been a lot of people making a special point of disagreeing with Bogle, whether its value tilt, international exposure, etfs, and now whether to count SS as your fixed allocation. Who cares about disagreeing with Bogle on these issues. We can make our own decisions based on Bogle's ...
by sschullo
Tue Mar 24, 2015 10:23 am
 
Forum: Investing - Theory, News & General
Topic: The one area I disagree with Jack
Replies: 93
Views: 7431

Re: Michael Lewis puts his money into Vanguard index funds

One other point is the behavior of your fellow investors. With VG and TIAA CREF, there is less trading because the 25 million participants are invested with 4 Trillion in their assets not bouncing in and out of different funds in a futile attempt to time the market. We are buy and hold and VG and Ti...
by sschullo
Mon Mar 23, 2015 4:21 pm
 
Forum: Investing - Theory, News & General
Topic: Michael Lewis puts his money into Vanguard index funds
Replies: 12
Views: 3162

Re: Investment Noise

I wrote this article blog post about media noise and the necessity to ignore it: http://latebloomerwealth.com/retirement-planning/noise-at-my-birthday-dinner . Interesting, I wrote the article almost two years ago and don't remember the media noise specifics to make investors feel anxious and trade....
by sschullo
Sun Mar 22, 2015 9:54 pm
 
Forum: Investing - Theory, News & General
Topic: Investment Noise
Replies: 3
Views: 712

Re: 403b vs A & C shares

A share usually carry the load when you purchase and C shares are usually the deferred loads. Both are terrible choices.
Call Tiaa Cref and ask them if they might sign up with your district. http://www.tiaa-cref.org
Also, you state pension plan might have a low cost 403b or 457b plan.
by sschullo
Sun Mar 22, 2015 9:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403b vs A & C shares
Replies: 5
Views: 385

Re: Free Book! Fixing 403(b) Plans

Thanks for the detailed reply! Good to know we should be safe in higher ed, but I feel bad for the k-12 set -- two of whom we're related to. Great, the book is for those two relatives. Last thought about higher ed and k-12 cultures. Higher ed has had TIAA CREF since 1918. Tia Cref entered the k-12 ...
by sschullo
Sun Mar 22, 2015 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Free Book! Fixing 403(b) Plans
Replies: 10
Views: 628

Re: Free Book! Fixing 403(b) Plans

Is there anything inherently bad about 403b plans as compared to 401k? I've been quite impressed with my wife's 403b plan through the private university she works for, but I'd like to know if there's anything specific I should look out for there or at her future (likely academic) employer's. Almost...
by sschullo
Sun Mar 22, 2015 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Free Book! Fixing 403(b) Plans
Replies: 10
Views: 628

Free Book! Fixing 403(b) Plans

Hi all, The book is a low-key story about a few educators' efforts to reform the troubled 403(b) system with one behemoth employer--Los Angeles Unified, with a happy ending! It's for all employees to know more about and improve your employer sponsored retirement plan no matter what and who you work ...
by sschullo
Sun Mar 22, 2015 9:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Free Book! Fixing 403(b) Plans
Replies: 10
Views: 628

Re: Which credit union are you a member of?

Currently, I am not a member of any credit union. I used have an account at Teachers Federal Credit Union. I also had an account at USAA, but USAA closed my account. I see no advantage to either of these banking institutions over my current bank which is Wells Fargo. Yeah, I used to have the Teache...
by sschullo
Sat Mar 21, 2015 7:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Which credit union are you a member of?
Replies: 60
Views: 5005

Re: An inspiring message for Bogleheads

Bogleheads, I am Peter. For example, family events would be potentially awkward if some people in particular knew how much I have saved because I would be sort of an outlier in my family. :? Thank you Peter for you story. I want to leave you two ideas to ponder: 1. there is nothing wrong with being...
by sschullo
Fri Mar 20, 2015 11:40 am
 
Forum: Investing - Theory, News & General
Topic: An inspiring message for Bogleheads
Replies: 56
Views: 4295

Re: An inspiring message for Bogleheads

Peter’s story is a great one and he is definitely to be congratulated. And I just wanted to provide some of my own reinforcement for the Boglehead principles. During my first 12+ years in the Marine Corps right after high school (of nearly 34 total), I made virtually every personal finance mistake ...
by sschullo
Fri Mar 20, 2015 9:57 am
 
Forum: Investing - Theory, News & General
Topic: An inspiring message for Bogleheads
Replies: 56
Views: 4295

Re: An inspiring message for Bogleheads

Thanks for the post Taylor. Often overlooked, the forum provides the emotional benefit of 'hope' for many of us and for that I am grateful. +1 - Agreed and well said, tennisplyr! Congratulations, Peter, Day9, and thanks for sharing, Taylor! :D +2 - congrats Peter, your story shows, time and again, ...
by sschullo
Fri Mar 20, 2015 9:02 am
 
Forum: Investing - Theory, News & General
Topic: An inspiring message for Bogleheads
Replies: 56
Views: 4295

Re: What Age Did You First Ponder Financial Independence?

When I played Monopoly as a ten year old and I bought all of the houses and wiped everybody out. What fun!
by sschullo
Thu Mar 19, 2015 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: What Age Did You First Ponder Financial Independence?
Replies: 74
Views: 7105

Re: Observations from a first time poster, long time reader.

Is it a bad thing that I do not know what a covered call is? :? Me either. Something else to Google that I probably won't understand! :confused Folks, No. It simply mean that you know one less way to lose money. KlangFool There are hundreds of financial gimmicks and while many bogleheads enjoy the ...
by sschullo
Thu Mar 19, 2015 7:44 pm
 
Forum: Investing - Theory, News & General
Topic: [New Member Observations- Covered Calls, Financial Advisors]
Replies: 227
Views: 16912

Re: Steering family away from costly Financial Adviser or MY

Your situation is sad. Vast majority of people with investments are in similar situation and they like their adviser, broker whatever and nothing you can do to change that. An acquaintance was sold Apple stock when it was $600 a share 2+ years ago. That was bad enough but this broker took my acquain...
by sschullo
Mon Mar 16, 2015 9:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Steering family away from costly Financial Adviser or MYOB?
Replies: 28
Views: 2319

Re: What are some common misconceptions found in this forum?

I have found some truth in each of the above statements, but need to be taken in context to understand where the boundaries are, and why they are at least partially true in some cases. I would not say these are coming through as absolute truths in the forum because there are enough wise ones here t...
by sschullo
Sun Mar 15, 2015 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 209
Views: 18000

Re: What are some common misconceptions found in this forum?

grabiner wrote:
sschullo wrote:I didn't see this one listed either: Bogleheads rarely make mistakes.


We have threads on this subject; most Bogleheads have made significant financial mistakes. It's part of the learning process.


I hear ya, that's why it's a misconception.
by sschullo
Sat Mar 14, 2015 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 209
Views: 18000

Re: SIGN PETITION FOR Jack Bogle's Presidential Medal of Fre

pennstater2005 wrote:I believe close to 3,000.


Only 3,000? given that there are over 43,000 registered on this forum.
by sschullo
Sat Mar 14, 2015 10:39 am
 
Forum: Local Chapters and Bogleheads Community
Topic: SIGN PETITION FOR Jack Bogle's Presidential Medal of Freedom
Replies: 182
Views: 12092

Re: Should tilters recommend tilting to beginners?

Wagnerjb wrote:
cheese_breath wrote:You should make sure they thoroughly understand the basics before you introduce refinements.


+2

+3, yeah, reducing costs, indexing and diversification. Those basics took some of us years to comprehend.
by sschullo
Sat Mar 14, 2015 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Should tilters recommend tilting to beginners?
Replies: 49
Views: 2877

Re: Nasdaq Negative returns since 2000?

I would agree that the returns since 2000 haven't been great, but I think this article underestimates them significantly by pulling out dividends. I found an online calculator here: http://dqydj.net/sp-500-return-calculator/ that doesn't completely match the author's numbers but gets fairly close. ...
by sschullo
Sat Mar 14, 2015 9:16 am
 
Forum: Investing - Theory, News & General
Topic: Nasdaq Negative returns since 2000?
Replies: 8
Views: 871

Re: What are some common misconceptions found in this forum?

I think some posters are confusing Misconception with conventional wisdom . A misconception has an element of actual error in it. Conventional wisdom is merely the generally shared opinion of a group . To say that a house is not an asset is a misconception to say that bonds have no risk is a miscon...
by sschullo
Sat Mar 14, 2015 8:57 am
 
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 209
Views: 18000

Re: Biggest Investment Mistake

Previous discussions on this topic: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=155511 Bogleheads • View topic - Your worst investing mistake https://www.bogleheads.org/forum/viewtopic.php?t=69004 Experience is a cruel teacher; how cruel was it to you? How much (in taxes, lost returns,...
by sschullo
Thu Mar 12, 2015 1:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Biggest Investment Mistake
Replies: 5
Views: 862

Re: How Confident on your Retirement Prospects? Pre-Retirees

Because of all the mistakes made willing trying to accumulate, we were not confident at all about our retirement nest egg. Then losing a million in the tech bubble and while our fifties was a shock and convinced us that we would have to work till 70 or more. Alas, with a little bit of luck and sheer...
by sschullo
Thu Mar 12, 2015 11:10 am
 
Forum: Personal Finance (Not Investing)
Topic: How Confident on your Retirement Prospects? Pre-Retirees
Replies: 14
Views: 1118
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