Search found 3625 matches

by staythecourse
Mon Jun 29, 2015 2:04 pm
Forum: Investing - Theory, News & General
Topic: dow futures down 200+ points
Replies: 84
Views: 8928

Re: dow futures down 200+ points

Well I guess Mr. Graham was correct that the market in the short run is a voting machine as I wonder if there are such fundamental changes in business operations in Greek business from yesterday to today to justify an 18% drop?

Good luck.
by staythecourse
Mon Jun 29, 2015 11:25 am
Forum: Investing - Theory, News & General
Topic: dow futures down 200+ points
Replies: 84
Views: 8928

Re: dow futures down 200+ points

For the long term investor it simply does not matter if the market goes up or down in the short term. However, that long-term investor may just have to like it or lump it with low single-digit returns for the foreseeable future .. Perhaps not, but that's what the best forecasts we're likely to have...
by staythecourse
Mon Jun 29, 2015 11:00 am
Forum: Investing - Theory, News & General
Topic: dow futures down 200+ points
Replies: 84
Views: 8928

Re: dow futures down 200+ points

But suppose this weekend, the Greek referendum has the Greeks voting Yes. What do you think would have to stock markets then? :twisted: Do you think that this week would turn into a minor blip that doesn't even show up in a 1-year chart because of smoothing for display? Suppose there is a terrorist...
by staythecourse
Mon Jun 29, 2015 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Employer contribution in P&L statement?
Replies: 3
Views: 396

Re: Employer contribution in P&L statement?

Thanks for the reply. I had no clue how to do it which is why I was asking. So to be clear the employer contribution would be added as an expense to get the net income BEFORE calculation of the net adjusted profit? If you do that doesn't that decrease the net adjusted profit which in turn decrease t...
by staythecourse
Mon Jun 29, 2015 9:45 am
Forum: Investing - Theory, News & General
Topic: dow futures down 200+ points
Replies: 84
Views: 8928

Re: dow futures down 200+ points

It's the BH version of whistling past the graveyard. Simply goofy. Let me know the next time buying after a lousy 1% decline in stock prices makes you rich. Agreed. I have NO clue why these threads even exist or why folks post on them. I am assuming it is a bit of bravado. As far as I know (hope so...
by staythecourse
Sun Jun 28, 2015 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Employer contribution in P&L statement?
Replies: 3
Views: 396

Employer contribution in P&L statement?

Hi all, First full year as a self employed and loving it. Set up a simple P&L spreadsheet which is working find on excel. Don't know how to document the employer contribution of solo 401k. Looking for some help. Do I put it under the expense section so it is included in the calculation of net in...
by staythecourse
Fri Jun 26, 2015 12:10 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads are more aggressive...
Replies: 57
Views: 5932

Re: Bogleheads are more aggressive...

I would say none of the above. I would venture to guess that there are more folks following the "norm" then those outside of the "norm" especially since the norm is advocated by the man who this website if lovingly named after. The likely story is there is a biasm who responds to...
by staythecourse
Fri Jun 26, 2015 11:20 am
Forum: Investing - Theory, News & General
Topic: Will stocks beat bonds over next 30 years?
Replies: 78
Views: 8633

Re: Will stocks beat bonds over next 30 years?

Without any calculation I would venture to guess (mind you that is what it is even if you do complex calculations) is that 10% chance of bonds beating stocks over the long term. However, for the long term investor that is NOT the question that is important. The more important question (and answer) i...
by staythecourse
Thu Jun 25, 2015 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Couples and money and compatibility
Replies: 38
Views: 3963

Re: Couples and money and compatibility

My DW has little interest in money or investing. She pretty much goes along with my style. The only issue is she does not look at prices or bargain shop like I do. If something is too expensive, I'll go without. Since she doesn't look at prices, she'll buy it. Very minor irritant to me. Otherwise, ...
by staythecourse
Wed Jun 24, 2015 11:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Tax-Managed Small-Cap Fund
Replies: 15
Views: 1436

Re: Vanguard Tax-Managed Small-Cap Fund

However .. if you're going to tilt towards a factor (size, value, momentum) you're already engaging in market timing - because you're making a prediction about relative future returns within a certain time period .. Not to further derail this thread, but if one is buying the "market", i.e...
by staythecourse
Wed Jun 24, 2015 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Protecting assets against frivolous litigations
Replies: 16
Views: 1527

Re: Protecting assets against frivolous litigations

Least expensive and simplest to execute protection against civil lawsuits is simply getting an umbrella policy. The policy is worth the cost simply because they pay for legal counsel in case of lawsuit. Even if a lawsuit has no great merit it will cost you money to defend yourself. Trust me if you h...
by staythecourse
Tue Jun 23, 2015 7:20 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 144
Views: 19237

Re: When saving money becomes an irrational obsession

Our position is that no one knows the life you have but you. If your family has an average lifespan of 60, maybe it *does* make some sense to travel more often, or be a little more focused on the now. But you had better have enough in savings or a reduced lifestyle so that no one else is expected t...
by staythecourse
Mon Jun 22, 2015 11:16 am
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 144
Views: 19237

Re: When saving money becomes an irrational obsession

Just as possessions, experiences and even cherished memories get washed away in time, investing is a process and a journey, not a destination - peace of mind is the pay-off Very eloquent. Not sure about others, but the end of the statement describes me. I get much more happiness not from buying mat...
by staythecourse
Mon Jun 22, 2015 9:39 am
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 144
Views: 19237

Re: When saving money becomes an irrational obsession

This may be a question for the minority, but what happens if you make more money then your desires to buy things? My wife and I fall into that category. We save the entire paycheck from the higher earner as we can just live off the lower earner. It isn't like we TRY to live off one income it just wo...
by staythecourse
Fri Jun 19, 2015 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 11 Million Dollar Gift
Replies: 80
Views: 11886

Re: Investing 11 Million Dollar Gift

Congrats on the windfall. My advice is to do nothing and DON'T tell ANYONE about your good fortune (including and especially your kids!!) Then I would somehow connect with a good CPA and good wills/ trust lawyer. I would then just make things as SIMPLE as can be with that much money. Just put all yo...
by staythecourse
Fri Jun 19, 2015 11:16 am
Forum: Investing - Theory, News & General
Topic: "An Interview With A Boglehead"
Replies: 18
Views: 2725

Re: "An Interview With A Boglehead"

I like the author's final comment: "Clearly the boglehead strategy has worked for Robert XXX. The question is, does this straightforward approach achieve the best results for every portfolio, especially those in the high-net-worth category?" Why does an approach need to achieve "the ...
by staythecourse
Thu Jun 18, 2015 6:04 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation - Equity vs. FI for investors under 40
Replies: 29
Views: 2232

Re: Asset Allocation - Equity vs. FI for investors under 40

So you may be able to increase your lifestyle but you do so at the risk of going broke. I think it is very reasonable to be conservative in this situation, but lets not overdo the risk of 100% stocks. The risk is NOT going broke. As I mentioned a few post earlier I looked at every 5yr. rolling retu...
by staythecourse
Thu Jun 18, 2015 11:22 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation - Equity vs. FI for investors under 40
Replies: 29
Views: 2232

Re: Asset Allocation - Equity vs. FI for investors under 40

So you may be able to increase your lifestyle but you do so at the risk of going broke. I think it is very reasonable to be conservative in this situation, but lets not overdo the risk of 100% stocks. The risk is NOT going broke. As I mentioned a few post earlier I looked at every 5yr. rolling retu...
by staythecourse
Thu Jun 18, 2015 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Change of heart on bonds
Replies: 29
Views: 4362

Re: Change of heart on bonds

If most of your income comes from a young, growing small business then you are playing with fire being 100% stocks. What do you think will happen if another 2008 happens where your portfolio goes down AND your income goes down. There are not many small business (especially young ones) that don't get...
by staythecourse
Wed Jun 17, 2015 7:19 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation - Equity vs. FI for investors under 40
Replies: 29
Views: 2232

Re: Asset Allocation - Equity vs. FI for investors under 40

All interesting points. Thanks for the responses! We have ~$1.4mn with probably 25 years until retirement. A good % came from a lump sum inheritance, so we only invest an additional $30k a year. Our volatility is slightly less than a standard all equity portfolio due to bias for income and value ET...
by staythecourse
Wed Jun 17, 2015 4:11 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation - Equity vs. FI for investors under 40
Replies: 29
Views: 2232

Re: Asset Allocation - Equity vs. FI for investors under 40

whatusername? wrote:Either way, it's essentially opportunistic rebalancing.


The term is "overbalancing".

Good luck.
by staythecourse
Wed Jun 17, 2015 4:09 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation - Equity vs. FI for investors under 40
Replies: 29
Views: 2232

Re: Asset Allocation - Equity vs. FI for investors under 40

My theory is that if you expect some bear markets in your investment lifetime (which presumably there has never been a period of 30+ years without one), having a small portion of bonds will not significantly reduce return (and may, in fact, give you the same or higher return depending on you invest...
by staythecourse
Wed Jun 17, 2015 3:51 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation - Equity vs. FI for investors under 40
Replies: 29
Views: 2232

Re: Asset Allocation - Equity vs. FI for investors under 40

This is the usual "Is 100% stocks okay?" The answer is sure, but think folks need to check off ALL of the below before doing so: 1. Recession proof job. 2. 1-2 yr. EF 3. Long time horizon (at least 10+ yrs) 4. No need for liquidity before time horizon is done 5. Able to stay the course!! I...
by staythecourse
Tue Jun 16, 2015 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: 30+ year "set it and rebalance it" portfolio thoughts
Replies: 18
Views: 2033

Re: 30+ year "set it and rebalance it" portfolio thoughts

I'll answer your question with a question: "What is your goal?" Is your goal to make the most amount of money possible? Is your goal to "stay the course"' and not make any mistakes over the 30 yr. period? Is your goal to make an efficient portfolio? Is your goal to have the smoot...
by staythecourse
Tue Jun 16, 2015 10:24 am
Forum: Investing - Theory, News & General
Topic: Today wasn't a RBD (Really Bad Day)!
Replies: 28
Views: 5006

Re: Today wasn't a RBD (Really Bad Day)!

I don't understand why anyone cares about what happens in the short term in the equity markets. If you need the money NOW then said money should not be in equities. If you don't need the money for 10+ years then who cares what happens now. I think folks need to stop reading financial info. The only ...
by staythecourse
Sat Jun 13, 2015 4:20 pm
Forum: Investing - Theory, News & General
Topic: Aren't bogleheads predicting the long term?
Replies: 84
Views: 8371

Re: Aren't bogleheads predicting the long term?

If one can predict the future in returns then why would anyone diversify? I would just have put all my money "on black" and go on with my life. The reason we use asset allocation has NOTHING to do with returns, but to control volatility. Mr. Ferri in his excellent book, "AAAA", h...
by staythecourse
Fri Jun 12, 2015 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Dispute/Don't Pay Medical Bill
Replies: 45
Views: 3099

Re: Dispute/Don't Pay Medical Bill

Read this article. http://www.npr.org/sections/health-shots/2015/05/13/406393439/heres-a-radical-approach-to-big-hospital-bills-set-your-own-price Provider charges vary widely. Find out what medicare would pay the provider then offer to pay 12-25% more. End of story. Sure if you are trying to commi...
by staythecourse
Fri Jun 12, 2015 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Dispute/Don't Pay Medical Bill
Replies: 45
Views: 3099

Re: Dispute/Don't Pay Medical Bill

I am a physician and would say argue it. It sounds like you had an initial evaluation as an outpatient (normal for new patients) but he also billed a procedure (endoscopy). If he did it without your SEPARARE consent that is a no-no. Any procedure that is done to a patient should have a written conse...
by staythecourse
Thu Jun 11, 2015 11:25 am
Forum: Investing - Theory, News & General
Topic: REITs - why the volatility?
Replies: 44
Views: 3771

Re: REITs - why the volatility?

I re read some of the comments on this thread. You guys do not sound like investors. You sound like speculators. i agree so i'll make one of these posts: i had money to invest. the little number next to my REIT allocation was red, so i bought more. i feel good about it because i believe in my writt...
by staythecourse
Wed Jun 10, 2015 8:52 pm
Forum: Investing - Theory, News & General
Topic: REITs - why the volatility?
Replies: 44
Views: 3771

Re: REITs - why the volatility?

Interesting, that all these OBVIOUS facts about REITS were not discussed in 2014 or beginning of 2015 when they were on a tear. Did that much change in the fundamentals of REITS in 3-6 months? I believe there has been in enough data to show rising interest rate changes and REIT performance are NOT l...
by staythecourse
Wed Jun 10, 2015 4:18 pm
Forum: Investing - Theory, News & General
Topic: I lost $100 million — and I’ve never been happier
Replies: 26
Views: 7782

Re: I lost $100 million — and I’ve never been happier

Two things I learned from reading this article:

1. Writing must be pretty easy to get rich in as her writing is terrible. Is she trying to write like a romance novel or does it come natural?
2. I have to stop reading articles that are just bad advertisements in disguise.

Good luck.
by staythecourse
Wed Jun 10, 2015 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Has Anyone Chosen Work Life Balance over Extra Money?
Replies: 101
Views: 10412

Re: Advice Needed - Has Anyone Chosen Work Life Balance over Extra Money?

Thanks staythecourse. one clarification - we have 3 kids (family of 5) My bad and thanks for the correction. If it is 3 kids I echo one of the above posters in asking how many extra hours are you expected to work in the new job to get the delta of 70k? If it is considerably more and/ or vague and/ ...
by staythecourse
Wed Jun 10, 2015 1:27 pm
Forum: Investing - Theory, News & General
Topic: Is it possible to believe in slice and dicing but not a rebalancing bonus?
Replies: 22
Views: 1539

Re: Is it possible to believe in slice and dicing but not a rebalancing bonus?

I guess I was referring to people who overweight asset classes [and by definition also slice and dice? just not to the actual market cap] Not to throw fuel on the fire, but EVERYONE I know in real life and this board are overweight (and thus underweight) to the market portfolio for the world. Most ...
by staythecourse
Wed Jun 10, 2015 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Has Anyone Chosen Work Life Balance over Extra Money?
Replies: 101
Views: 10412

Re: Advice Needed - Has Anyone Chosen Work Life Balance over Extra Money?

I think it is a no brainer in STAYING. You have 5 kids, the only income, and well established job. The other option is a new job and may or may not work out but either way will require A LOT more work. All for 70k more BEFORE taxes?? Flexibility and stability are two traits in jobs that are under th...
by staythecourse
Mon Jun 08, 2015 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Letter from Vanguard increasing international
Replies: 24
Views: 2742

Re: Letter from Vanguard increasing international

Is anything doing any better than the portfolio that I have of US Stock, US Bond, International Stock and International Bond? 50/50 mix? Roger Gibson in his excellent book "Asset Allocation" has a line (paraphrasing): "Being diversified means always being unhappy. Every year you are ...
by staythecourse
Mon Jun 08, 2015 8:46 am
Forum: Investing - Theory, News & General
Topic: TIPS Funds Yielding 6+%
Replies: 30
Views: 2412

Re: TIPS Funds Yielding 6+%

Obviously, TIPS is not earning anything close to that. I would say the next step is NOT calling Fidelity as that won't make a difference, but looking under the hood. Time to look at their prospectus. Is it an index fund and if so what is it's benchmark. I am not an expert so hopefully someone will c...
by staythecourse
Sun Jun 07, 2015 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Confused college kid
Replies: 54
Views: 5153

Re: Confused college kid

Interestingly, there are some fields of life you can figure out what you want to do at a VERY early age, such as: medicine, law, dentistry, etc... If you don't fit in one of those, which It sounds like you don't, then the ONLY way to figure it out is go out there and do internships in different fiel...
by staythecourse
Sat Jun 06, 2015 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Why does Jack Bogle have no international funds
Replies: 69
Views: 6583

Re: Why does Jack Bogle have no international funds

The true answer is he was born in America. If he was born in Japan he would have advocated the same thing. That is what home country bias is all about. It isn't like he knew when he was an 18 yr. old that America would be one of the 2 or 3 developed countries as outliers from the rest like Australia...
by staythecourse
Sat Jun 06, 2015 10:27 pm
Forum: Investing - Theory, News & General
Topic: Increasing risk during a market crash/correction.
Replies: 37
Views: 3381

Re: Increasing risk during a market crash/correction.

To the OP yes the term is coined as "overbalancing". I think Dr. Bernstein discusses it in some of his writing. The guy from the well written blog "Finance Buff" has an article about it. I like the idea, but view it as having an allocation to bonds as a long term drag to returns ...
by staythecourse
Sat Jun 06, 2015 10:21 pm
Forum: Investing - Theory, News & General
Topic: Increasing risk during a market crash/correction.
Replies: 37
Views: 3381

Re: Increasing risk during a market crash/correction.

Many people object to this and call it market timing. Livesoft, I think the folks (me included) don't object based on the market timing premise, but on the idea is there any data to support it makes a difference premise. Just because you do it and others like it and follow it doesn't mean it is rig...
by staythecourse
Sat Jun 06, 2015 5:37 pm
Forum: Investing - Theory, News & General
Topic: Fidelity study identifies the most successful investors!
Replies: 34
Views: 4443

Re: Fidelity study identifies the most successful investors!

Didn't we already discuss this article and its findings several months ago? Either way again focusing on what is really important and that is saving and staying the course. I have always preached it and thus my username. This whole asset allocation discussions last 10-20 yrs. is shifting the focus o...
by staythecourse
Sat Jun 06, 2015 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Frugal Millionaires Article...Sounds Like Bogleheads
Replies: 80
Views: 12090

Re: Frugal Millionaires Article...Sounds Like Bogleheads

Didn't people level the same criticism at The Millionaire Next Door because it came out in the roaring 90s? The biggest criticism I have of his books is that of a selection bias. Just because you publish about a hundred folks who are self made business folks who became millionaires does not mean th...
by staythecourse
Fri Jun 05, 2015 12:01 pm
Forum: Investing - Theory, News & General
Topic: Lacy Hunt: " (Not) anywhere near the secular low in long-term (interest) rates."
Replies: 33
Views: 4155

Re: Lacy Hunt: " (Not) anywhere near the secular low in long-term (interest) rates."

If you look at Hunt's resume, I wouldn't call him a "so called expert", he's as expert in the field as they come. I don't think he's misinformed on this subject. If he is so bright then I don't think he will want to be an "expert" as he must already know the preponderance of dat...
by staythecourse
Fri Jun 05, 2015 11:55 am
Forum: Investing - Theory, News & General
Topic: Year long hiatus from Bogleheads: How I found the 3-fund portfolio was right for me
Replies: 40
Views: 5009

Re: Year long hiatus from Bogleheads: How I found the 3-fund portfolio was right for me

I'm a physician and when I was a senior resident and fellow and was teaching procedures to younger residents and med students I would always tell them the BEST approach to doing the procedure is not what a book tells you, but what feels the most comfortable to you as the operator. Investing is the s...
by staythecourse
Tue Jun 02, 2015 9:51 pm
Forum: Investing - Theory, News & General
Topic: Lacy Hunt: " (Not) anywhere near the secular low in long-term (interest) rates."
Replies: 33
Views: 4155

Re: Lacy Hunt: " (Not) anywhere near the secular low in long-term (interest) rates."

If you look at Hunt's resume, I wouldn't call him a "so called expert", he's as expert in the field as they come. I don't think he's misinformed on this subject. If he is so bright then I don't think he will want to be an "expert" as he must already know the preponderance of dat...
by staythecourse
Tue Jun 02, 2015 6:28 pm
Forum: Investing - Theory, News & General
Topic: Global Market is the optimal portfolio. Do you follow that rule?
Replies: 43
Views: 3224

Re: Global Market is the optimal portfolio. Do you follow that rule?

There is only one correct answer and that is if you are looking for the true market portfolio for equities it would need to be weighted to the global equity markets. Any other answer is filled with answers full of rationalization and intellectualization (two of the more mature defense mechanisms). N...
by staythecourse
Mon Jun 01, 2015 12:43 pm
Forum: Investing - Theory, News & General
Topic: Clements on CNBC - invest 7 year new auto loan proceeds into market
Replies: 16
Views: 1808

Re: Clements on CNBC - invest 7 year new auto loan proceeds into market

I have been advocating this for awhile. Nice to see someone else agrees. I just did this with a new car. I took a 63 month for a whopping 0.9% interest rate. It is no brainer. I took the money I would have put into the car and put it into the stock market instead. Even if the market produces less at...
by staythecourse
Mon Jun 01, 2015 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Your opinion on realistic income to live in a $1 million home?
Replies: 144
Views: 11739

Re: Your opinion on realistic income to live in a $1 million home?

I really like this forum, but reading threads like this makes me think that many of you should answer questions as asked more and preach less. If preaching prevents a terrible financial decision, then it is worth it. To me, that is the point of this board. Many posters ask the wrong questions. The ...
by staythecourse
Sun May 31, 2015 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Your opinion on realistic income to live in a $1 million home?
Replies: 144
Views: 11739

Re: Your opinion on realistic income to live in a $1 million home?

Welcome aboard. Don't let some of the posters get to you. I don't have a problem saying if it is a "dream" go for it. The mature thing is to make sure you house (pun intended) is in order. In my opinion, the biggest financial decisions one has in their life is: House, kid's education, and ...
by staythecourse
Sun May 31, 2015 10:39 am
Forum: Investing - Theory, News & General
Topic: Can this be possible? [Not lose money during 2008 crash]
Replies: 57
Views: 6318

Re: Can this be possible? [Not lose money during 2008 crash]

I'm kind of on the fence here .. Certainly through much of the 20th century, long stocks turned out to be the right way to invest .. But a century earlier, you may have done better in bonds ..So far, the cyclic markets we've had in the 21st century have favoured investors who've been able to minimi...

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