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Re: Tom Stanley-Millionaire Next Door Author Killed in Auto

I had the great pleasure meeting him after his presentation at a conference in 2013. Very sorry, a great loss.
by sschullo
Mon Mar 02, 2015 10:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 44
Views: 5974

Re: Recovering Your Investment after a Loss

Thanks for post. No calculation is flawless especially when trying to predict anything and the original portfolios from thousands of investors are as varied as the number of grains of sand in the universe. In my own situation, in the run up to the tech bubble crash, I did not have a diversified port...
by sschullo
Sun Mar 01, 2015 11:13 am
 
Forum: Investing - Theory, News & General
Topic: Recovering Your Investment after a Loss
Replies: 12
Views: 1238

Re: 2015 BOGLEHEADS CONFERENCE ANNOUNCEMENT

Will miss this year. Looking forward to visiting a country I visited during the Tet offensive 47 years ago.
by sschullo
Sat Feb 28, 2015 9:41 pm
 
Forum: Investing - Theory, News & General
Topic: 2015 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 23
Views: 2516

Re: New and over 40

I eat out once a week. I'm very frugal. My husband eats out daily. I tend to be the go to person or emergency savings person because my husband is the opposite. He is the breadwinner and pay majority of the bills but he spends all the time and every time I save we end up needing it for something. I...
by sschullo
Thu Feb 26, 2015 11:57 am
 
Forum: Investing - Help with Personal Investments
Topic: New and over 40
Replies: 27
Views: 2057

Re: Do you watch commercials?

No, I don't usually. But a few circumvent my excellent psychological screening process and eventually become a favorite for now. https://www.youtube.com/watch?v=8y6buvXsyto
by sschullo
Mon Feb 23, 2015 10:13 am
 
Forum: Personal Consumer Issues
Topic: Do you watch commercials?
Replies: 42
Views: 1819

Re: Read WSJ every day ?

Read it 30 years ago. Had a prescription for awhile. I don't remember learning much about investing, as that came later from experience. Today, as with most Bogleheads, I ignore any and all print, TV and an internet financial media. It only reports news that is basically sensational, negative and ha...
by sschullo
Sat Feb 21, 2015 7:23 am
 
Forum: Personal Consumer Issues
Topic: Read WSJ every day ?
Replies: 86
Views: 4970

Re: What is your favorite consumer product?

My powerful Vitamix blender, fresh vegetables, coconut milk, several vegetable protein powders and olive oil. I lost 8 pounds in 2 months and brought my cholesterol levels down significantly and kept it off for three years now. Furthermore, its such a healthy drink, my cravings for sweets decreased ...
by sschullo
Fri Feb 20, 2015 4:20 pm
 
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 165
Views: 9709

Re: What is the worst financial decision that you've made?

What was your dumbest financial decision? Discussion here: http://www.bogleheads.org/forum/viewtopic.php?f=2&t=134130&p=1986148 also here: http://www.bogleheads.org/forum/viewtopic.php?f=10&t=86277 and here: http://www.bogleheads.org/forum/viewtopic.php?f=2&t=128863&start=50 Lar...
by sschullo
Wed Feb 18, 2015 8:50 am
 
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 172
Views: 14784

Re: 403b investment help

My age is 31, and I am looking to keep my AA around 90% stocks, 10% bonds. My planned contributions are as follows: 403b: max out with $18k per year + $7500/year employer match Roth IRA + Spousal Roth: $11,000/year Taxable account: Starting later this year, after paying off student loans, I plan to...
by sschullo
Tue Feb 17, 2015 9:41 am
 
Forum: Investing - Help with Personal Investments
Topic: 403b investment help
Replies: 16
Views: 1077

Re: active vs passive in response to Larry Swedroe posting

With all due respect, I beg to differ that active management might save you from a bear market. Its a huge "might." It's a sales pitch, and nothing more. Jeremy Grantham explains this predicament. "The best way [for managers] to reduce your career and business risk is to make sure you...
by sschullo
Sat Feb 14, 2015 7:52 pm
 
Forum: Investing - Theory, News & General
Topic: active vs passive in response to Larry Swedroe posting
Replies: 30
Views: 3257

Re: Tesla S

Ditto on Congratulating DFWinvestor. Also a Tesla owner but we could afford it because of the savings in investment costs over the last five years alone. We could have bought two with our cost savings in the last decade. We now pay .13 bps, when so many are paying 1.5 - 3.0%. A simple calculation co...
by sschullo
Thu Feb 12, 2015 8:29 pm
 
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 610
Views: 73520

Re: At what point is a 401k/403b/457b not worth it?

I just started a new job with expensive 403(b) options that are held within a "Variable Group Annuity" account, and this discussion (as well as other discussions at Bogleheads.org) are very helpful. Like AustenNut, I'm trying to figure out if it's worth it to invest in this 403(b) or just...
by sschullo
Thu Feb 12, 2015 12:26 pm
 
Forum: Investing - Theory, News & General
Topic: At what point is a 401k/403b/457b not worth it?
Replies: 21
Views: 2058

Re: Mr. Money Mustache: Hero or Foolish?

I look at MMM occasionally. What he does is write about a subject that so many people find absolutely boring--frugality. I think most bogleheads live frugal automatically. I thought I was frugal, but he can speak to the emotions of people and that where his genius lies. He is a poet, an essayist and...
by sschullo
Mon Feb 09, 2015 8:46 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 419
Views: 62653

Re: Is Risk Real?

Why do y'all see risk as only existing on the downside? How about the janitor with an estate of $8 million? I think risk is just as much about ending up with too much an the upside as it is about the downside, and especially much more than the short-term downside. I would bet that most Bogleheads e...
by sschullo
Mon Feb 09, 2015 8:22 am
 
Forum: Investing - Theory, News & General
Topic: Is Risk Real?
Replies: 74
Views: 3825

Re: Is Risk Real?

Risk is the emotional (and unnecessary) response to getting something you didn't expect or not getting something you expected.
by sschullo
Sun Feb 08, 2015 9:21 pm
 
Forum: Investing - Theory, News & General
Topic: Is Risk Real?
Replies: 74
Views: 3825

Re: Best ways to save on electricity bill

Set the dishwasher to run before 6AM and if you are up at that time, do the laundry.

BTW be careful about installing variable swimming pool pumps. It did not reduce our power bill!
by sschullo
Wed Feb 04, 2015 7:17 pm
 
Forum: Personal Consumer Issues
Topic: Best ways to save on electricity bill
Replies: 47
Views: 4623

Re: How do you "Stay the Course"?

The Wizard wrote:I'm retired, so there's less that needs doing now.
I monitor my AA and plan ahead for the next adjustment.
Looks like I'll sell a percent of holdings in stocks and move it to bonds before long.
That's about as exciting as it gets anymore...


+1
by sschullo
Sun Feb 01, 2015 9:54 am
 
Forum: Investing - Theory, News & General
Topic: How do you "Stay the Course"?
Replies: 71
Views: 6637

Re: How to respond when someone asks how much money you make

I find this cultural divide to be incredibly interesting. I happen to work in a field where my salary is visible to anyone who cares to look, and I spend a considerable amount of time talking to other people in similar industries about compensation and benefits, taboo be damned. Awareness of salari...
by sschullo
Sun Feb 01, 2015 8:54 am
 
Forum: Personal Finance (Not Investing)
Topic: How to respond when someone asks how much money you make?
Replies: 107
Views: 10334

Re: campaign for better 403B

Congrats on adding s&p and mid cap indices. TR price target date funds were expensive in our 457(b) plan around 1.1% depending on the target year, so we got rid of them and replaced them with low-cost Blackrock Lifepath indices.
by sschullo
Fri Jan 30, 2015 6:38 am
 
Forum: Investing - Help with Personal Investments
Topic: campaign for better 403B
Replies: 19
Views: 1259

Re: What mutual fund companies do you use?

At some point, I used Fidelity, Invesco, Schwab, and Scott-trade. In the last decade, only use Vanguard.
by sschullo
Thu Jan 29, 2015 8:00 pm
 
Forum: Investing - Theory, News & General
Topic: What mutual fund companies do you use?
Replies: 63
Views: 3166

Re: The Biggest Risk

Of course I would have done things differently. But the could of, should of and would of is pointless. What matters is that there is only so much you can learn by other people's experience (and its important, but limited). The bottom line is that each individual has to learn and discover for himself...
by sschullo
Tue Jan 27, 2015 10:58 am
 
Forum: Investing - Theory, News & General
Topic: The Biggest Risk
Replies: 18
Views: 2000

Re: S&P 500 Index Fund in 403(b)

Too bad you don't have the extended market index to get all of the domestic stock market.
by sschullo
Tue Jan 27, 2015 9:49 am
 
Forum: Investing - Help with Personal Investments
Topic: S&P 500 Index Fund in 403(b)
Replies: 13
Views: 1032

Re: What Experts Say [about various investing topics]

Was a pleasure meeting you a couple of years ago and saying all of those nice things about our book.
Happy birthday.
Steve
by sschullo
Mon Jan 26, 2015 12:10 am
 
Forum: Investing - Theory, News & General
Topic: What Experts Say [about various investing topics]
Replies: 51
Views: 3620

Re: Dave Ramsey's bad advice at an all time high!

I can't listen to 30 minutes of the show without hearing at least one instance of terrible advice. He recently advised someone needing individual health insurance to go directly to insurance companies and go not go through the ACA exchange because that route was "too much government". I'v...
by sschullo
Sun Jan 18, 2015 11:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey's bad advice at an all time high!
Replies: 40
Views: 6441

Re: Just left meeting with my advisor....

What I meant is in 10 years you would have paid 180,000 or about the cost of one of his kids college cost. Increase the 1.8% to 2.5 - 3.0% for ten years and then you are talking about money for the adviser! Malesi1: you asked about returns: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=...
by sschullo
Fri Jan 09, 2015 10:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Just left meeting with my advisor....
Replies: 57
Views: 7841

Re: Transcendental meditation

Went to a TM presentation 45 years ago and they had just raised the price from $35 to $70 for the mantra. Heck that was a week's salary in those days! Later on, I learned to meditate by hook and by crook from different conscious raising groups I was involved in and with my psych. major in college. I...
by sschullo
Tue Jan 06, 2015 8:36 pm
 
Forum: Personal Consumer Issues
Topic: Transcendental meditation
Replies: 38
Views: 2336

Re: Calling all blog and website authors

Here is my blog, devoted to helping my educator colleagues avoid the annuity 403b world and invest the Boglehead way. I am also a member of the LAUSD oversight investment committee and keep the employees informed of the committees decisions with the district's 403b and 457b plans: http://www.lateblo...
by sschullo
Tue Jan 06, 2015 11:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Calling all blog and website authors
Replies: 42
Views: 10601

Re: 2015 Predictions: Most Popular Topics

Any new books?
by sschullo
Tue Jan 06, 2015 11:14 am
 
Forum: Investing - Theory, News & General
Topic: 2015 Predictions: Most Popular Topics
Replies: 38
Views: 2435

Re: 2015 BOGLEHEAD CONTEST REGISTRATION

1987.49
by sschullo
Sat Jan 03, 2015 12:30 pm
 
Forum: Investing - Theory, News & General
Topic: 2015 BOGLEHEAD CONTEST REGISTRATION
Replies: 556
Views: 19926

Re: What do you drive, and why?

Tesla Model 6. I wanted an electric car for years. Great performance, no transmission, no filthy oil changes or gas needed, no cooling system, no smog device maintenance required by CA. Looks GREAT and people are always commenting about its style. Built in California by American workers, sold direct...
by sschullo
Wed Dec 31, 2014 11:42 pm
 
Forum: Personal Consumer Issues
Topic: What do you drive, and why?
Replies: 205
Views: 17774

Re: 457 Plan & Variable Annuities

TIAA CREF does it right with their annuities. There are low cost, no surrender fees, their m&e fee is .005% and they act more like mutual funds than annuities offered by the large for profit insurance companies. TIAA CREF has a long colorful history working with educational institutions for almo...
by sschullo
Tue Dec 23, 2014 10:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: 457 Plan & Variable Annuities
Replies: 9
Views: 1544

Re: What makes you happy in life?

Happiness is not the goal, its the process. Exercising Meditating Compassion Easy going attitude Never forget where I am from and appreciate what I have every moment Realize that both tough times and good times never last forever Reading and writing Traveling Getting an education, always discovering...
by sschullo
Sun Dec 21, 2014 1:42 am
 
Forum: Personal Consumer Issues
Topic: What makes you happy in life?
Replies: 29
Views: 2312

Re: White Coat Investor in Forbes

Congrats!
by sschullo
Thu Dec 18, 2014 1:56 pm
 
Forum: Investing - Theory, News & General
Topic: White Coat Investor in Forbes
Replies: 37
Views: 6470

Re: How to teach young kids to be frugal?

Yesterday I mentioned the word "frugal" to my high school son. He told me impatiently that he does not know what it means and I should not bother him. Understandable. I know I hate to be bothered when vocabulary slips my mind. For example the word "allowance" can be a bit slippe...
by sschullo
Thu Dec 18, 2014 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to teach young kids to be frugal?
Replies: 65
Views: 4317

Re: campaign for better 403B

What exactly is "the retirement company"? Does the hospital offer a match to your 403b? Can you bring some friends with you? The company is gardnerwhite.com Hospital gives 2% and an additional 2% if we give 2%. I can bring friends/supporters. This first meeting will simply be with a rep f...
by sschullo
Thu Dec 18, 2014 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: campaign for better 403B
Replies: 19
Views: 1259

Re: campaign for better 403B

Clark & Addison wrote:
sschullo wrote:You might be interested in my free electronic book coming out next month about the 403b with K-12 school districts.


sschullo, how can I find out more information about your book?


When its ready, I will post a message here.
by sschullo
Thu Dec 18, 2014 10:11 am
 
Forum: Investing - Help with Personal Investments
Topic: campaign for better 403B
Replies: 19
Views: 1259

Re: campaign for better 403B

I like your plan. Couple of questions and a comment. I have tons of experience doing what you are about to do. What exactly is "the retirement company"? Does the hospital offer a match to your 403b? You might be interested in my free electronic book coming out next month about the 403b wit...
by sschullo
Thu Dec 18, 2014 9:16 am
 
Forum: Investing - Help with Personal Investments
Topic: campaign for better 403B
Replies: 19
Views: 1259

Re: Most/Least Boglehead 2014 Activity?

Least: two: 1. bought an expensive NEW car! and 2. allowed my equity AA creep up about 7% above my target.
Most: ignored all of the noise.
by sschullo
Sun Dec 14, 2014 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Most/Least Boglehead 2014 Activity?
Replies: 93
Views: 9547

Re: How to teach young kids to be frugal?

A few years ago I wrote a column for Forbes.com on this very topic. We started when the children were about 5 years old and it has worked very well. The oldest is now in college and is doing pretty well with managing his money. I borrowed many of these ideas from posters here on this forum. Maybe t...
by sschullo
Sun Dec 14, 2014 10:07 am
 
Forum: Personal Finance (Not Investing)
Topic: How to teach young kids to be frugal?
Replies: 65
Views: 4317

Re: Fundamental Theory of Index Investing

Indexers are actually making a judgement. For example, I'm a 22 year old indexer. I am making an implicit judgement that US and Intl companies will increase their earnings by the time I am middle aged. The earnings and thereby dividends/buybacks/additional capex will increase my share prices. The &...
by sschullo
Tue Dec 09, 2014 11:56 pm
 
Forum: Investing - Theory, News & General
Topic: Fundamental Theory of Index Investing
Replies: 16
Views: 1457

Re: Fundamental Theory of Index Investing

As several others have said about parasite, being an investment "parasite" is wonderful! Then I can go about my business of enjoying retirement. I simply participate in a broadly diversified equity and bond portfolio and just ride it where ever it goes. Get on and enjoy the ride, do some r...
by sschullo
Tue Dec 09, 2014 7:00 pm
 
Forum: Investing - Theory, News & General
Topic: Fundamental Theory of Index Investing
Replies: 16
Views: 1457

Re: Youngster talented in science and math

Hire a math and science tutor. I was a below average college student in math. I hired a math tutor for only two, 1-hour sessions, at an outrageous $7.00 an hour fee (in the 1970s). I aced my statistics final. My professor couldn't believe it and frankly neither did I. She refused to give me an A eve...
by sschullo
Mon Dec 08, 2014 9:20 am
 
Forum: Personal Consumer Issues
Topic: Youngster talented in science and math
Replies: 47
Views: 3433

Re: Start saving for House downpayment using Wellesley?

. . . I understand that I should be prepared for a sudden 20% drop in value in this fund and I would delay my house purchase in such a case without major harm. If this is really true Wellesley would be fine. Personally I find it hard to believe this would really be acceptable. Place yourself severa...
by sschullo
Sun Dec 07, 2014 4:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Start saving for House downpayment using Wellesley?
Replies: 35
Views: 3301

Re: Best book on Finance I ever read, Ben Graham's Intellige

It's a great book, but it is not about index fund investing. It is about buying individual stocks. The edition with commentary by Jason Zweig is probably the most accessible version, but Zweig tries to put a spin on Graham's message. Zweig's spin is to use index funds. This is not the original mess...
by sschullo
Sat Dec 06, 2014 1:56 pm
 
Forum: Investing - Theory, News & General
Topic: Best book on Finance I ever read, Ben Graham's Intelligent I
Replies: 35
Views: 6199

Re: Where do you shop for groceries?

John3754 wrote:I use all three of these options depending on what I'm buying.


We just got a whole foods. Love it, but shop at all three, mostly trader joes.
by sschullo
Sat Dec 06, 2014 1:49 pm
 
Forum: Personal Consumer Issues
Topic: Where do you shop for groceries?
Replies: 97
Views: 8161

Re: Setting up a new 403b plan at a non-profit

Here is Vanguard's 403b info page: https://personal.vanguard.com/us/whatweoffer/smallbusiness/403b7 IRS regs: http://www.irs.gov/publications/p571/ch01.html#en_US_2014_publink1000239622 Some points, 1. You probably already know this, but be very leery of "local community connections that would ...
by sschullo
Thu Dec 04, 2014 7:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Setting up a new 403b plan at a non-profit
Replies: 2
Views: 263

Re: I'm getting Slaughtered in stocks

First it was tech stocks, then real estate and now it appears to be oil and gold, who would have predicted that oil would be this low? It was suppose to go to $150 a barrel. Thanks for sharing, you are not alone. Learned my lesson in the tech mania when I lost 70% and it was mostly mutual funds, tec...
by sschullo
Sat Nov 29, 2014 7:22 pm
 
Forum: Investing - Theory, News & General
Topic: I'm getting Slaughtered in stocks
Replies: 43
Views: 6094

Re: thoughts on NQDC [Non-Qualified Deferred Compensation]

Here is more information about NQDC: http://www.nasdaq.com/article/the-pros-and-cons-of-non-qualified-deferred-compensation-cm407058
As mentioned, the biggest risk is company default. 20 years before retirement is still a long time.
by sschullo
Fri Nov 28, 2014 12:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: thoughts on NQDC [Non-Qualified Deferred Compensation]
Replies: 7
Views: 883

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: 52
Views: 5454
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