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Re: Any success stories of ppl who never made >$50,000?

I think a definition of "success" is needed. +1 First you have to decide what you think success is when it comes to saving. Although I make more than $50K, I would be considered a low earner around these parts. I never let that get in my way. Having said that, many of my friends are high ...
by stemikger
Tue Sep 16, 2014 6:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 135
Views: 7523

Re: Why do so many think their home is a foolproof investmen

I didn't buy my home as an investment, I bought my home to live in and the way I looked at it is if you have to pay rent anyway, why not build equity instead of just making a landlord rich. I bought my home when prices were very low in 1993, my home is 3 times more than I paid for it. I live close t...
by stemikger
Sun Sep 14, 2014 8:39 pm
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6108

Re: Could you sleep with all your money in Berkshire Hathawa

No. BH in the 70s is not Berkshire today. It's too large to grow the way it did back then, so basically, you might get the same returns as the S&P, so why not just invest in the S&P. The real trick is to find the next Warren and/or the next Berkshire.
by stemikger
Sun Sep 14, 2014 7:55 am
 
Forum: Investing - Theory, News & General
Topic: Could you sleep with all your money in Berkshire Hathaway?
Replies: 42
Views: 2766

Re: Two Fund real Lazy Portfolio?

those are the components of the classic/original John Bogle's suggested portfolio: Total Stock Market and Total Bond Market. That was also the basis of Scott Burns' original "couch potato" portfolio. +1 I have had this portfolio for a long time and have a substantial amount in it. I'm ver...
by stemikger
Sat Sep 13, 2014 3:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Two Fund real Lazy Portfolio?
Replies: 19
Views: 2175

Re: Anyone moved from NY?

I have lived on Long Island for most of my life (I am 51) except for a few years in the 1980s when I was in college in Manhattan. If you are not living the so-called "life script" (i.e. marriage, kids, a house) then LI is not a bad place. I live in a small apartment in a well run co-op co...
by stemikger
Fri Sep 12, 2014 6:59 am
 
Forum: Personal Consumer Issues
Topic: Anyone moved from NY?
Replies: 43
Views: 2664

Re: Neighborhood kid around 13 throwing rocks at my house

The last thing you need is a disgruntled neighbor around you. While you may have a lot arsenal, you do want to handle this as peacefully as you could. First, talk to the parents and see if the kid stops. Whatever avenues you can find that are peaceful, you should utilize. Once all avenues have been...
by stemikger
Fri Sep 12, 2014 5:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Neighborhood kid around 13 throwing rocks at my house
Replies: 55
Views: 2973

Re: Does anyone have 'Lazy Portfolios'?

I know that any time a newbie comes in to ask for advice on asset allocation (myself included), an overwhelming majority of responses advice the three or fund portfolio. But, somebody posted this link that has a bunch of Boglehead-like portfolios, I think that person was following a nine or ten fun...
by stemikger
Thu Sep 04, 2014 4:16 am
 
Forum: Investing - Theory, News & General
Topic: Does anyone have 'Lazy Portfolios'?
Replies: 85
Views: 6512

Re: Why invest in foreign funds?

As the saying goes, "when the US sneezes the world catches a cold." I learned this the hard way in the 2008 crash. A few months before the crash, having read many articles about US stock market being a bubble, I moved a lot of money to foreign funds. But when the US stock market crashed t...
by stemikger
Tue Sep 02, 2014 8:05 am
 
Forum: Investing - Theory, News & General
Topic: Why invest in foreign funds?
Replies: 35
Views: 2226

Re: 100% Stock Thread Collection

in some circumstances a 100% equity portfolio might be the right move for some people I agree! It seems that in certain situations it makes sense. Heck even Jack's message when it comes to AA can be a little cryptic. He usually stays on age in bonds but every now and then he will throw in that you ...
by stemikger
Mon Sep 01, 2014 9:11 am
 
Forum: Investing - Theory, News & General
Topic: 100% Stock Thread Collection
Replies: 93
Views: 5314

Re: Warren Buffet and the S&P index fund

I really don't think Buffet was being literal when he said "S&P 500". He was providing a soundbite and not a detail explanasion of his investment philosophy. With just a few words he managed to convey the ideas of keeping costs low, using lots of diversification, having high equity ex...
by stemikger
Thu Aug 28, 2014 9:36 am
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett and the S&P index fund
Replies: 23
Views: 1754

Re: AA of 60/40 for your Lifetime?

I like how you think. I often thought about doing this myself and who knows maybe I will. What could be sweeter than holding the Vanguard Balanced Index Fund for life and never looking back. Investing doesn't get easier than that and IMHO is the essence of what John Bogle teaches. Scott Burns makes ...
by stemikger
Thu Aug 28, 2014 7:06 am
 
Forum: Investing - Help with Personal Investments
Topic: AA of 60/40 for your Lifetime?
Replies: 27
Views: 2343

Re: 100% stock AA-> At what age to add bonds?

Bonds protect you from a down market. You're suppose to have Bonds if: -you're risk adversed or -are close to retirement because you might not have the time horizon to recover from a recession So a young person w/a strong stomach who graduated from college at age 22 can get by with: 80% Total Marke...
by stemikger
Tue Aug 26, 2014 6:33 pm
 
Forum: Investing - Theory, News & General
Topic: 100% stock AA-> At what age to add bonds?
Replies: 58
Views: 3741

Re: Buy & Hold Forever Blue Chip Stocks???

I realize that, but Berkshire owns so many companies, I look at it differently. After reading the book Warren Buffett's Berkshire Hathaway - 101 Reasons to own the World's Greatest Investment by Robert P. Miles, I do not look at it like any other individual stock on earth. However, I still recommen...
by stemikger
Sun Aug 24, 2014 2:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 4319

Re: Buy & Hold Forever Blue Chip Stocks???

Poll for the group.... if you have $20,000 to play with, and HAD to pick <10 stocks to buy and hold forever, which one would you choose? I have: PG MRK AAPL GOOG DIS HD .... ? Boeing ? JNJ ? Wells Fargo Any thoughts? I realize I'm missing financial sector, but that's intentional after 2008 crisis d...
by stemikger
Sun Aug 24, 2014 2:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 4319

Re: "Don't Be Scared of Rising Interest Rates"

I'm 37, have a long (>20 yr horizon), and a taxable account that's 100% stock funds. Does it make any sense for anyone to buy a bond fund right now for a taxable account???? In a round about way, I asked this question to Vanguard on Facebook and this was their response to me. Simply put, while the ...
by stemikger
Sun Aug 24, 2014 1:18 pm
 
Forum: Investing - Theory, News & General
Topic: "Don't Be Scared of Rising Interest Rates"
Replies: 4
Views: 1085

Re: Buy & Hold Forever Blue Chip Stocks???

Poll for the group.... if you have $20,000 to play with, and HAD to pick <10 stocks to buy and hold forever, which one would you choose? I have: PG MRK AAPL GOOG DIS HD .... ? Boeing ? JNJ ? Wells Fargo Any thoughts? I realize I'm missing financial sector, but that's intentional after 2008 crisis d...
by stemikger
Sun Aug 24, 2014 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 4319

Re: Good interview with John Bogle

Jaxfann wrote: To go from 80/20 to 25/75 in one move was a huge change and very different to the philosophy continually expounded on this board by very intelligent members. I am surprised that at his age at the time he was so exposed to equities also. Clearly given extraordinary circumstances Bogle...
by stemikger
Sun Aug 24, 2014 8:31 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3751

Re: Best nose hair trimmer (is this okay to ask?)

With all due respect this is a very weird post. I suggest a little scissors could do the job. Unless of course it is a wild growth and then I look to others for suggestions. This is not weird at all. If you are a hairy guy like myself, you have been battling this problem since your late 20s and now...
by stemikger
Sun Aug 24, 2014 8:23 am
 
Forum: Personal Consumer Issues
Topic: Best nose hair trimmer (is this okay to ask?)
Replies: 36
Views: 2726

Re: Good interview with John Bogle

Posted by abuss368
One thing is certain: Mr. Bogle and Mr. Buffett know a lot more about investing than I ever will.


:beer Well said Abuss368! That makes two of us!
by stemikger
Sat Aug 23, 2014 1:31 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3751

Re: Good interview with John Bogle

In this case, we should all listen to Buffett and hold enough cash to be secure and put the rest in the Vanguard 500 Index. I actually did that for a few months and the short term results were pretty good except for the fact I turned into one of those people watching what the S&P did on a daily...
by stemikger
Fri Aug 22, 2014 6:59 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3751

Re: Good interview with John Bogle

Jaxfann wrote: To go from 80/20 to 25/75 in one move was a huge change and very different to the philosophy continually expounded on this board by very intelligent members. I am surprised that at his age at the time he was so exposed to equities also. Clearly given extraordinary circumstances Bogle...
by stemikger
Fri Aug 22, 2014 2:37 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3751

Re: Good interview with John Bogle

HurdyGurdy wrote:The specific video is part 9 of a series of 11, an extended interview with Bogle on many aspects of his work. Highly recommended.

https://www.youtube.com/user/witteecon/videos


Thanks!
by stemikger
Fri Aug 22, 2014 12:48 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3751

Re: Good interview with John Bogle

Thank you for providing the link. Wasn't that awesome from Warren Buffett? Recommending his wife's asset be placed in the Vanguard Index 500 and Treasury bonds? Why again do we need 8 equity funds and 3 bond funds as investors? Do we know something more or better than Warren Buffett? Glad you found...
by stemikger
Thu Aug 21, 2014 10:27 pm
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3751

Re: "The Bogleheads' Guide to Investing -- Second Edition"

Thank you Taylor!! I am going to print this out and stick it on my Fridge to protect me from myself. I really love your Gems!
by stemikger
Thu Aug 21, 2014 10:41 am
 
Forum: Investing - Theory, News & General
Topic: "The Bogleheads' Guide to Investing -- Second Edition"
Replies: 42
Views: 6845

Re: Good interview with John Bogle

I hadn't seen it, so thanks for posting a link to it. He explicitly stated a couple of things that I've long inferred from his writing, and I was glad to get confirmation that I had understood correctly. Looks like a long, multi-part interview. I look forward to having a block of time to listen to ...
by stemikger
Thu Aug 21, 2014 9:21 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3751

Good interview with John Bogle

I'm sure most saw this, but if not, it's a great interview and he even mentions Buffett using the Vanguard 500 Index Fund to leave money for his wife.

https://www.youtube.com/watch?v=k6ra5PO ... ztsFvzSK1g
by stemikger
Thu Aug 21, 2014 4:15 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3751

Re: Investment Allocation for 18 y/o

In my opinion, an 18 year old, with 40-50 years before retirement should have 100% of their retirement assets in equities. You can start to move some of your retirement money gradually into your retirement bond allocation in15-20 years. As you said, "I am not going to need access to my money a...
by stemikger
Thu Aug 21, 2014 2:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Investment Allocation for 18 y/o [military]
Replies: 17
Views: 810

Re: Vanguard on Facebook

pamela.day wrote:That was great that they apologized and researched the answer for you. It really did show that they cared and wanted to make their clients happy. Good job Vanguard!


I agree!
by stemikger
Wed Aug 20, 2014 5:57 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard on Facebook
Replies: 10
Views: 1494

Re: Your biggest "Missed Money" event that still kills you?

Not investing until my 30s is the only thing that comes to mind.
by stemikger
Tue Aug 19, 2014 6:17 am
 
Forum: Investing - Theory, News & General
Topic: Your biggest "Missed Money" event that still kills you?
Replies: 102
Views: 8083

Re: Do Super wealthy have access to different investing vehi

I didn't read the other replies, but many wealthy accredited investors have exclusive access to those lousy Hedge Funds that usually underperform those great index funds. Stay the Course and don't believe the Wall Street Hype. John Bogle has all his money with Vanguard and mostly in index funds and ...
by stemikger
Sat Aug 16, 2014 8:36 pm
 
Forum: Investing - Theory, News & General
Topic: Do Super wealthy have access to different investing vehicles
Replies: 76
Views: 6340

Re: Do you diversify into international bond?

My 401K does not even offer an international bond fund. When I started here 20 years ago they didn't even offer international equities. I don't invest in either so it's not a problem for me. International equities might be worth it, but I really don't see any advantage with international bonds if yo...
by stemikger
Sat Aug 16, 2014 7:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you diversify into international bond?
Replies: 33
Views: 2253

Re: [Poll] How I Feel When I Think about Investing, etc.

When I think about investing, retirement planning, personal finances, etc (the types of topics generally discussed on this board), I actually find it fun and interesting. It is a hobby that relaxes me and I like reading about it here or going to local chapter meetings to discuss it. I spend so much...
by stemikger
Sat Aug 16, 2014 4:52 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] How I Feel When I Think about Investing, etc.
Replies: 36
Views: 2377

Re: Vanguard on Facebook

Thanks Tigermoose. I never really looked into Stable Value Funds and know nothing about them. I have seen them mentioned here on the boards. My 401K does not offer one either, so I stick to what I have been taught here and throughout but I will look into it and find out a little about them. :beer S...
by stemikger
Wed Aug 13, 2014 5:49 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard on Facebook
Replies: 10
Views: 1494

Re: If only one Vanguard fund to invest in - what's your cal

Personally I would be comfortable with 60/40 for Life. :happy But that is me. I feel the same way. If I am fortunate enough to live a long healthy life, and what I am supposed to get through social security is accurate, I don't see myself going below 60/40 until my 80s. Again, if I'm fortunate enou...
by stemikger
Wed Aug 13, 2014 5:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: If only one Vanguard fund to invest in - what's your call?
Replies: 67
Views: 9313

Re: Vanguard Balanced Index vs. Vanguard Lifestrategy Modera

I agree with others if you are looking at a 50 year time horizon, I would put it in the Vanguard Total Stock Market and forget it's there.

Think about it, don't you think the market will be higher 50 years from now?

Now to aswer your question, I love the Vanguard Balanced Index Fund.
by stemikger
Wed Aug 13, 2014 7:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Balanced Index vs. Vanguard Lifestrategy Moderate
Replies: 8
Views: 948

Re: Vanguard: "Social Security: How to decide when it's time

I am going to defer SS with two caveats: 1 If my portfolio took a severe hit, say down 50% I would probably start at FRA. 2 If my health suddenly failed, I'd probably start receiving SS ASAP. Some thing is better than nothing :) Very true! My dad and two uncles never lived long enough to even take ...
by stemikger
Tue Aug 12, 2014 6:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 5940

Re: Vanguard on Facebook

That was a good note. I find it interesting that they refer to "bonds" without specifically noting the additional risks of international bonds. Thank you for sharing. Hi abuss368, Time will tell if they will be the diversifier that some say, but I find many of the experts don't even like ...
by stemikger
Tue Aug 12, 2014 5:02 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard on Facebook
Replies: 10
Views: 1494

Re: Vanguard on Facebook

What you have to keep in mind is that you and others might have more options than what is available at Vanguard. Instead of bonds, you might have access to a Stable Value Fund, TIA-CREF, CDs, I-Bonds, etc that might pay out more without interest rate risk. So their point about giving up yield does ...
by stemikger
Tue Aug 12, 2014 5:00 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard on Facebook
Replies: 10
Views: 1494

Re: Vanguard on Facebook

Stem, you are an excellent poster and I enjoy your posts. I must say that I compliment both you on the quality of the question and Vanguard on the response. I was a little struck as I read this one that you thought that you should have had your questions addressed right away. It is possible that th...
by stemikger
Tue Aug 12, 2014 4:58 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard on Facebook
Replies: 10
Views: 1494

Vanguard on Facebook

Last week, Vanguard was taking questions on their Facebook page for 2 hours. I saw this as a great opportunity and being I work midnights, I was the first to post a question. Here is the question I posted: I always held a balanced portfolio of stocks and bonds. I hold my stocks in the Vanguard Total...
by stemikger
Tue Aug 12, 2014 10:45 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard on Facebook
Replies: 10
Views: 1494

Re: Need for International Investing ?

Hi Tomd37, I am 50 years old and have never invested in a separate international fund, I started investing at 30. There was a time a few years ago I questioned my decision on not holding international and asked the question on these boards, and some very intelligent people made a good case for it, ...
by stemikger
Tue Aug 12, 2014 1:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Need for International Investing ?
Replies: 49
Views: 2653

Re: Need for International Investing ?

Great Post Pingo!
by stemikger
Mon Aug 11, 2014 9:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Need for International Investing ?
Replies: 49
Views: 2653

Re: Need for International Investing ?

Our best days are ahead of us...I am still bullish on America. I love America as much as the next guy, really I do, but this kind of sentiment is speculation at best. The American financial system nearly imploded upon it self just a few short years ago (my how soon we forget), and from what I can s...
by stemikger
Sun Aug 10, 2014 10:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need for International Investing ?
Replies: 49
Views: 2653

Re: Need for International Investing ?

I think we've all taken someone's word about all this stuff. I don't think anyone here invented any of this stuff. We get our influences from somewhere, right? The "evidence" I've seen in many recent threads shows it really hasn't mattered if or how much one invested internationally. I th...
by stemikger
Sun Aug 10, 2014 11:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Need for International Investing ?
Replies: 49
Views: 2653

Re: Need for International Investing ?

So when John Bogle and Warren Buffett agree that international is not necessary, and after reading Jack's chapter on why he feels this way, I feel pretty secure not holding it. Jack did not come to this decision lightly and his chapter in Common Sense on Mutual Funds proves that point. What does th...
by stemikger
Sun Aug 10, 2014 10:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Need for International Investing ?
Replies: 49
Views: 2653

Re: Need for International Investing ?

And Jack's recent revision to Common Sense continues his former position. I have noticed watching many interviews with Jack, Warren and Charlie Munger that they never change their positions on the fundamentals. With their intellects once they think through their positions, they feel confident on no...
by stemikger
Sun Aug 10, 2014 8:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Need for International Investing ?
Replies: 49
Views: 2653

Re: Need for International Investing ?

Hi Tomd37, I am 50 years old and have never invested in a separate international fund, I started investing at 30. There was a time a few years ago I questioned my decision on not holding international and asked the question on these boards, and some very intelligent people made a good case for it, b...
by stemikger
Sat Aug 09, 2014 10:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need for International Investing ?
Replies: 49
Views: 2653

Re: Going 60+% international? (US resident)

John Bogle in Common Sense on Mutual Funds reccomends no more than 20% if you must but also makes a good argument of not needing to add it at all. Warren Buffett says the average person will do very well investing in an index fund that buys America. He is also putting his money where his mouth is a...
by stemikger
Sat Aug 09, 2014 2:34 am
 
Forum: Investing - Theory, News & General
Topic: Going 60+% international? (US resident)
Replies: 83
Views: 6016

Re: Who or what inspired you and your investing approach?

The first book that really lit my fire was The Automatic Millionaire by David Bach. It really suited my personality. After I wanted to learn more, I read A Random Walk Down Wall Street and from there I was totally hooked. However Common Sense on Mutual Funds and it's easier companion The Little Book...
by stemikger
Sat Aug 09, 2014 1:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Who or what inspired you and your investing approach?
Replies: 93
Views: 4415
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