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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: 1927

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: 947

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: 49
Views: 2898

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: 6350

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: 7775

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: 2297

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: 10563

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: 2409

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: 19740

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: 202
Views: 16796

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: 1136

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: 2299

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: 6437

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: 4275

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: 17
Views: 1046

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: 17
Views: 1046

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: 17
Views: 1046

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: 9450

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: 4275

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: 1454

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: 1454

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: 3396

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: 3236

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: 4919

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: 8028

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: 256

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: 6005

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: 876

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: 5390

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: 59
Views: 6387

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: 125
Views: 10240

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: 155
Views: 29536

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: 155
Views: 29536

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: 155
Views: 29536

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: 4994

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: 1447

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: 1680

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: 475
Views: 55701

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: 1203

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: 5240

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: 13006

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: 1238

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: 4171

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: 12372

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: 10379

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: 5152

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: 706

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: 271
Views: 30085

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: 706
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