Bogleheads.org

Had the good fortune of having lunch with the frontline team a few days after the show and told them how I appreciated that they gave you a lot of time.
See you in October,
Steve

I'll admit, I'm pretty excited about the Model S too. Besides, the third model is supposedly coming up next with a more palatable $30k price point. I'd recommend you wait until you can go to the Tesla store at the mall and drive away in the Model S. Yep, that's what we are doing. We already have th...

Happy Birthday Mr. Bogle.
Sorry Dan and I missed you at our recent visit to Vanguard.

Toons wrote:Victor Frankl - "Man's Search For Meaning"

http://en.wikipedia.org/wiki/Man's_Search_for_Meaning

Yes!
Also Richest Man in Babylon and The Boxcar Children.

The Permanent Portfolio Mutual Fund outlines well the pitfalls of active management. The original PP is boglehead in that there is no performance chasing, no prediction of outcomes, only passive allocations and predefined rebalancing. Agree with the above quote, but it's not just gold that I abhor,...

Monopoly

For fee only advisers with fiduciary responsibility, check these professional organizations: http://www.napfa.org/ http://garrettplanningnetwork.com/ PS the very best fiduciary is YOU when you are prepared to meet any financial adviser by reading some of the books suggested by this forum: http://www...

This PBS Frontline documentary was another of many other well written expose' of the ugly part of financial planners, the mutual fund industry as a whole and how we must all be vigilent especially when we get our 1099's to verify stock churn, annual returns and loses. My suggestion is to forward th...

Allan Roth's review I do need to point out, Frontline, that you neglected to include a very critical segment in your documentary -- the vital role that active managers play. Seriously, who do you think keeps markets efficient and allows us indexers to profit? Without the expensive active managers, ...

I was planning on asking my company to include index TSM/TBM options prior to this, but it made it a LOT easier. I got to work this morning, chatted with a coworker and found out he too watched this Frontline... I went to HR, explained that I was interested in more investment options in our 401k, e...

Death knell? My 30% equity/70 bond is up 3% ytd and I'm very happy.

My companion and I and a LAUSD teacher were interviewed last fall for this broadcast. While the focus is on 401k plans, they might report some of the 403b costs too because we used 403bs in our working careers. We are offering our book, Late Bloomer Millionaires , by Steve Schullo and Dan Robertson...

My companion and I and a LAUSD teacher were interviewed last fall for this broadcast. While the focus is on 401k plans, they might report some of the 403b costs too because we used 403bs in our working careers. We are offering our book, Late Bloomer Millionaires , by Steve Schullo and Dan Robertson,...

Was always naturally frugal cause I grew up with a family with little money. I learned later on that the bogleheads philosophy of investing with low costs and broad diversification with index funds fit my philosophy of anti consumerism and simplicity.

Oops; my sincere apologies; I didn't pay as attention to the date originally posted as I should have. It definitely will be the 22nd at Town Hall: http://townhallseattle.org/william-bernstein-how-human-communication-has-shaped-history/ Sorry about the $5 Town Hall charge. I'll happily meet with the...

I had the same issue after I retired. At first I was just going to pay the monthly mortgage; but after the 2008 drop in the market, I changed my mind. I paid off the mortgage. I decided that with my place paid off, I really didn't care what the market would do in the future. It is nice not to have ...

Mr. Bogle goes through a great deal of time explaining the differences between speculation and investing. I think you are confusing equity risk with speculation and uncertainty. There will always be uncertainty. Equity risk is the ebb and flow of growth of the domestic and worldwide economies based ...

Never had a budget, too much work. We were disciplined enough to pay ourselves first, live below your means, and spend the "rest." The "rest" ended up for basics that would be in any budget. Worked great for us over many decades!

I find it interesting to see the definition of "alot" of money for people on Bogleheads. The reality for most people is that one million is not only "alot" but also something they believe is unachievable. On Bogleheads that threshold seems to be ten million. Correct. That's most...

If 1.5 million is "a lot of money," heck we wrote a book sharing how we did it while starting late on educator's salaries and making mistakes while battling through two of the biggest stock market crashes in history. Live below your means, stay the course, invest, learn from mistakes, stay...

I gave up the broker/financial advisor thingamabob in the nineties. +1 It's not just "stay the course" that are always ridiculed, it's the "buy and hold" and "bond allocation about equal to your age" as well! The financial world is different "out there."

I sold everything in the last week! It's in cash. It just happens we are moving the assets from Schwab to Vanguard as custodians, and the positions needed to be liquidated. We will be out of the market for a few days. The timing is coincidental. Maybe if the market takes a tumble early next week I ...

plats wrote:

InvestorNewb wrote:The way I look at it is we're back to the levels we were at in 2007.

Which were also at the same levels in 2000. About time for some serious asset appreciation.

Not for the NASDAQ, it was at 5100+.

I am disappointed in how little my profession pays compared to the effort required. I have a Ph.D. in Mechanical Engineering. Some times I feel given my brains I would have done ok in software but would have made a whole boat load more money. When I was in grad school we would often joke that the b...

What's an expected and reasonable projection of assets in a new 457b deferred compensation retirement plan that started with 0 assets in 2006, after 7 years with a huge employer of 100,000 employees? Thanks, Steve Does the employer also have a 401a plus a 403b? If so I can't see much participation ...

What's an expected and reasonable projection of assets in a new 457b deferred compensation retirement plan that started with 0 assets in 2006, after 7 years with a huge employer of 100,000 employees?
Thanks,
Steve

bottomfisher wrote:I'm not quite 40 yet, but I would recommend taking the opportunity to travel if you finacial situation allows you to do so

Absolutely! Travel. Get out of this country and experience.

There are many threads here about your question: Here is one: viewtopic.php?p=624052

I don't consider my pension in my AA for two reasons: 1. Cannot rebalance into a pension and 2. Even at a young age, it will benefit you to learn about the bond market.

Bustoff wrote:Pound Foolish: Exposing the Dark Side of the Personal Finance Industry
by Helaine Olen

Me too.

I let Microsoft updates install automatically, and they installed IE 10 on my computer yesterday. So far I haven't noticed any difference from 9. Really? I lost my emails! I get this message: Could not perform this operation because the default mail client is not installed properly. I looked around...

jjunk wrote:That error happens when your mail client isnt the default for all mail operations. Not sure if you were correlating that to IE10 or update installs, but check just reset whatever you use for mail as the default for all mail operations and you should be back to normal.

Got it, thanks!

I let Microsoft updates install automatically, and they installed IE 10 on my computer yesterday. So far I haven't noticed any difference from 9. Really? I lost my emails! I get this message: Could not perform this operation because the default mail client is not installed properly. I looked around...

More buyers than sellers More buyers than sellers More buyers than sellers More buyers than sellers More buyers than sellers More buyers than sellers More buyers than sellers More buyers than sellers More buyers than sellers More buyers than sellers More buyers than sellers More buyers than sellers...

Reach out to the 403b world, even if the effort costs more than 18 bps (it most certainly will).

I don't consider my pension in AA. You can't rebalance in or out of a pension for one thing and the other its more risk than I want to take on.

I am disappointed so far with the book, read about a third, but I will finish it. The entire financial system is not to blame, there is a way to save, invest and retire comfortably, even in the corrupt 403b system that I used in my career. The author's interviews are different than the book. She foc...

avbferry wrote:Could this be made available to people in other regions? Like Asia?

I know that one individual in Japan bought it. I assume that if they have a device they can download it.
What have you heard?

mhc wrote:I would attribute it to statistical probability and perhaps a little skill. I would not buy into the fund because there is no guarantees moving forward.

Take what the market gives and enjoy life.

+1

Hi Bogleheads, Our book, Late Bloomer Millionaires, is available free now March 9th and March 10th. Thank you to those that wrote a review on Amazon and forum monitors for your support and kind words. http://www.amazon.com/Late-Bloomer-Millionaires-Investment-ebook/dp/B00AM34M6I/ref=sr_1_cc_1?s=aps&...

People seem obsessed with these fees. Which is better? A fund that returns 8.5 percent with a fee of 1.25% vs. A fund that returns 7.5 percent with a fee of .75%. It seems people on this board would choose the latter. This is the argument active managers use. The only problem is the funds with the ...

When I started saving for retirement, the "number" didn't exist in my head (well, not much did exist in my head regarding retirement planning). Little did I know that my life style of living frugally would eventually lead to having enough to retire fairly early at 61, a mere 24 years later...

You can vent a lot. The 403b is one of the most conflicted interest retirement plans out there. Keep trying to change the situation. The reason why 403bs stink in k12 school districts is that there isn't enough people out there to raise a fuss.

Nobody has to commit 100%. But since you asked a Boglehead type question, here is my take and its been this way for many years--there is nothing you can do ahead of time about all of those issues you raise. Plus, you can add on another 1000 reasons why investing is risky (how about that Russian Mete...

Its a great idea BUT it depends on the cost. Years ago, I could have invested by 403b directly in Vanguard via my pension plan using my school district payroll deduction, but the cost was prohibitive, $25 per transaction!

I guess you could use google or go to the US Census Bureau to learn more. They might even have a page with the title "Why should you participate?" P.S. to Steve: Where do you think the Census Bureau is located? The Treasury? sscritic, Huh? What difference does it make? Since the OP refere...

No, you don't have to fill it out.
The census is conducted every ten years, the last one in 2010. Looks like a survey from the Dept of commerce and they are using the census bureau to collect the data.

Over many decades, stocks outperform bonds. Another rule, there are no "guarantees" only opportunities (Gen. Douglas Mac.)

Let's say that the total stock market capitalization is currently--using rough round numbers but in the right ballpark: $25 trillion U.S. $30 trillion international $55 trillion total. Diversification doesn't get much better. Just think about this: owning a piece of the entire planetary economies!

gmtret wrote:Thank you, Taylor, for sharing this! Such a film only serves to remind me how lucky I was to happen upon M*'s Diehards in the mid-nineties. Thanks to all...

Good luck,
Chris

Oh yes, those nineties.