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Re: WP: Janitor accumulates $8 million estate

But there is also a cautionary tale about recognizing the value of your finite time here on Earth. Perhaps learning to enjoy life while you can is part of that equation. It really boils my blood when I see this assumption that you must spend spend spend in order to live a good, happy, & fulfill...
by stemikger
Mon Apr 27, 2015 1:57 pm
 
Forum: Investing - Theory, News & General
Topic: [Janitor in Vermont leaves millions] A true Boglehead!
Replies: 55
Views: 3798

Re: John Bogle's Don't Peek Challenge

I actually did the "don't peek" thing in regards to our pension. This was money I couldn't rebalance or fiddle with in any way, so there was no point. We just ignored it and saved as if it were not there. But now we're very close to retirement, so I peeked. After a bit of math, I realized...
by stemikger
Mon Apr 27, 2015 11:35 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 146
Views: 12481

Re: Vanguard Balanced Index from Cradle to Grave

p.s. For stemikger... Would the Vanguard balanced fund been as highly thought of Vanguard was a Japanese Company and the constitutes were of Japaese markets? Just something to think about. :D Short answer is no. For the long answer I will ask that you read the entire chapter on international invest...
by stemikger
Mon Apr 27, 2015 11:10 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Balanced Index from Cradle to Grave
Replies: 32
Views: 2968

Re: Vanguard Balanced Index from Cradle to Grave

So is the forum changing its flavor from the enthusiasts for all stock portfolios when young and providing for everything in bond ladders when old to thinking you just invest everything 50/50 (or 60/40 or 40/60) for a lifetime and also don't peek? Good question. I for one have always held a two fun...
by stemikger
Mon Apr 27, 2015 8:51 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Balanced Index from Cradle to Grave
Replies: 32
Views: 2968

Re: Vanguard Balanced Index from Cradle to Grave

I think the Balanced Fund from cradle to grave is a good thing. I'd prefer LifeStrategy Moderate Growth for the greater diversification, but both would be a good 60/40 portfolio. Once upon a time a 60/40 portfolio was seen as a standard asset allocation for investors (Peter Bernstein was a champion...
by stemikger
Mon Apr 27, 2015 7:54 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Balanced Index from Cradle to Grave
Replies: 32
Views: 2968

Re: Vanguard Balanced Index from Cradle to Grave

I think I read not so very long ago that John Bogle gave as a gift some shares of the Vanguard Balanced Index Fund to his grand children. As he`s said before "that`s conservative but then again I`m conservative." It all grows and compounds. At least that`s what it has done in the past. Th...
by stemikger
Mon Apr 27, 2015 7:52 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Balanced Index from Cradle to Grave
Replies: 32
Views: 2968

Re: Vanguard Balanced Index from Cradle to Grave

Thanks Nisprius, I always enjoy your knowledge and insight.
by stemikger
Sun Apr 26, 2015 2:29 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Balanced Index from Cradle to Grave
Replies: 32
Views: 2968

Re: Vanguard Balanced Index from Cradle to Grave

P.S. I know there is no international in the Balanced Index, but I don't own it and never have. 20 years without it tells me I'm not missing anything. As for avoiding international, I've seen good arguments for and against, but the quote above isn't one of them. I agree with you there. For my perso...
by stemikger
Sun Apr 26, 2015 2:00 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Balanced Index from Cradle to Grave
Replies: 32
Views: 2968

Vanguard Balanced Index from Cradle to Grave

This was inspired by a comment left on another thread and the more I thought about it, it didn't really sound so crazy. The advice given to the regular small retail investor is to have more in stocks when you are young and put more into bonds when you are older. There is also a new theory I believe ...
by stemikger
Sun Apr 26, 2015 10:11 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Balanced Index from Cradle to Grave
Replies: 32
Views: 2968

Re: Who follows Age in Bonds

Rx 4 Investing. Great information. Thanks for posting it.
by stemikger
Sat Apr 25, 2015 2:29 pm
 
Forum: Investing - Theory, News & General
Topic: Who follows Age in Bonds
Replies: 62
Views: 4384

Re: What is too long to stay the course?

I'm not usually one for Schadenfreude, but for the folks who called me an idiot for paying down my mortgage instead of joining them in getting rich on QQQ, well, nah, it's not nice to gloat. +1 I can't tell you how many people told me not to pay off my mortgage. My Father-in-Law told me it makes no...
by stemikger
Sat Apr 25, 2015 8:02 am
 
Forum: Investing - Theory, News & General
Topic: What is too long to stay the course?
Replies: 50
Views: 3374

Re: What is too long to stay the course?

Very few people put their life savings into the market at the high-water mark of the NASDAQ. Even fewer of those who did, then did not go on and invest more money over the years. Let's face it, if the course is stupid, then one should not even be on that course in the first place. I met a guy sever...
by stemikger
Sat Apr 25, 2015 6:54 am
 
Forum: Investing - Theory, News & General
Topic: What is too long to stay the course?
Replies: 50
Views: 3374

Re: What is too long to stay the course?

I'm not usually one for Schadenfreude, but for the folks who called me an idiot for paying down my mortgage instead of joining them in getting rich on QQQ, well, nah, it's not nice to gloat. +1 I can't tell you how many people told me not to pay off my mortgage. My Father-in-Law told me it makes no...
by stemikger
Sat Apr 25, 2015 6:51 am
 
Forum: Investing - Theory, News & General
Topic: What is too long to stay the course?
Replies: 50
Views: 3374

Re: Peter Bernstein's 60/40 solution

At one point in my investing life so far I realized how powerful "60/40" really is. I dawned on me if I could keep my fixed expenses within 60% of my net income and my stock allocation (greed) within 60% of my portfolio, I wouldn't do too bad over the long term. Hindsight may be 20/20, bu...
by stemikger
Sat Apr 25, 2015 6:45 am
 
Forum: Investing - Theory, News & General
Topic: Peter Bernstein's 60/40 solution
Replies: 32
Views: 4213

Re: Who follows Age in Bonds

In my 30s, I was 50/50 and then as I learned I gradually was 60/40 for many years. Relative to your age, You need to be conservative in your 30s because you need to make a down payment for a home soon. You need to be conservative in your 40s because you need to pay for college soon. You need to be ...
by stemikger
Sat Apr 25, 2015 3:10 am
 
Forum: Investing - Theory, News & General
Topic: Who follows Age in Bonds
Replies: 62
Views: 4384

Re: Peter Bernstein's 60/40 solution

Just goes to show you that simple truths are hard to follow. Similar for Burton Malkiel of "Random Walk Down Wall Street" fame. John Bogle might be as close to a true LONG TERM advocate of buy and hold, though he has some thoughts about tactical asset allocation from time to time. Thanks....
by stemikger
Fri Apr 24, 2015 9:01 am
 
Forum: Investing - Theory, News & General
Topic: Peter Bernstein's 60/40 solution
Replies: 32
Views: 4213

Re: Great little interview with John Bogle

Jack - Not a fan of Target Date Funds, doesn't invest in International funds (I'm going out on a limb and guess he doesn't invest in International bonds either) - I'm beginning to like this guy even more. :happy I recently committed a large part of my TIRA to Balanced Index Fund and reduced my Inte...
by stemikger
Fri Apr 24, 2015 8:57 am
 
Forum: Investing - Theory, News & General
Topic: Great little interview with John Bogle
Replies: 23
Views: 2197

Re: Who still have Cable TV?

GerryL wrote:Have never had cable. Or dish. Just little antennas (antennii?) in various rooms.


I have an outdoor antenna which works great, but the television in my kitchen uses an indoor. I always have issues with it and can never get all the channels. What's your secret?
by stemikger
Fri Apr 24, 2015 5:22 am
 
Forum: Personal Consumer Issues
Topic: Who still have Cable TV?
Replies: 63
Views: 2776

Re: Who still have Cable TV?

tludwig23 wrote:I have no TV, thus no cable TV.


I could never do this. I love my tv too much. Maybe I have an addiction problem. lol.
by stemikger
Fri Apr 24, 2015 5:21 am
 
Forum: Personal Consumer Issues
Topic: Who still have Cable TV?
Replies: 63
Views: 2776

Re: Who still have Cable TV?

Hawaiishrimp wrote:Who still have Cable TV? $100 bucks a month. What a waste.


I ditched my cable in 2008 and never looked back. Back then I was paying $70 per month and now I pay $16 for Netflix and Amazon.
by stemikger
Fri Apr 24, 2015 5:08 am
 
Forum: Personal Consumer Issues
Topic: Who still have Cable TV?
Replies: 63
Views: 2776

Re: Bonds - why invest in them right now? Can use some help.

My current portfolio allocations are currently 89% stocks and 11% bonds. My target is 80% stocks and 20% bonds. But I'm having trouble making myself buy more bonds right now. With the Fed broadcasting their intentions to raise the interest rates in the near future, I don't see the upside. Why inves...
by stemikger
Fri Apr 24, 2015 5:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Bonds - why invest in them right now? Can use some help...
Replies: 10
Views: 1284

Re: 2 million dollar mistake meeting with MIL's financial gu

I may not know much, but I know not to take investing advice from an insurance agent.
by stemikger
Fri Apr 24, 2015 2:37 am
 
Forum: Personal Finance (Not Investing)
Topic: 2 million dollar mistake meeting with MIL's financial guy
Replies: 23
Views: 4976

Re: Great little interview with John Bogle

abuss368 wrote:Great article. Thanks!


Glad you enjoyed it. :beer
by stemikger
Fri Apr 24, 2015 2:20 am
 
Forum: Investing - Theory, News & General
Topic: Great little interview with John Bogle
Replies: 23
Views: 2197

Peter Bernstein's 60/40 solution

I was reading John Bogle's book Enough on my way to work tonight and I was very disappointed to find out that after Peter L. Bernstein gave such sound advice in a 2001 essay titled "The 60/40 Solution" (60 percent stocks, 40 percent bonds), a strategy focused on emulating investment tortoi...
by stemikger
Fri Apr 24, 2015 2:18 am
 
Forum: Investing - Theory, News & General
Topic: Peter Bernstein's 60/40 solution
Replies: 32
Views: 4213

Re: Age in Bonds Poll

When I was younger in my 30s, I was 50/50 for several years. Now at 50, I have been all over the place. Currently sitting at 60/40 and hope I can stay here for a long time. I really wish I never heard Mr. Bogle say to include social security. That's something he does not say in his books, or at leas...
by stemikger
Fri Apr 24, 2015 2:00 am
 
Forum: Investing - Theory, News & General
Topic: Age in Bonds Poll
Replies: 72
Views: 3675

Re: Who follows Age in Bonds

Losing 20% of my portfolio during a major market correction is about as much as I can handle. I am very conservative 40/60 at age 52. I know. It's easy to forget how that felt when the market keeps going up especially when you hit 50 and the amount is substantial compared to when you first started ...
by stemikger
Fri Apr 24, 2015 1:16 am
 
Forum: Investing - Theory, News & General
Topic: Who follows Age in Bonds
Replies: 62
Views: 4384

Re: Bernstein: A Decade of Super-Low Returns [1.4% for 60/40

Is anyone changing their asset allocation due to this advice (i.e. taking on more equity risk). I'm not, I'm just looking at lifestyle alternatives to let me enjoy life as much or more with reduced dependence on tossing money around during retirement. Life has dealt me a number of blows lately, and...
by stemikger
Thu Apr 23, 2015 9:41 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: A Decade of Super-Low Returns [1.4% for 60/40]
Replies: 232
Views: 23512

Re: What is a Boglehead?

Just be Average
by stemikger
Thu Apr 23, 2015 9:37 pm
 
Forum: Investing - Theory, News & General
Topic: What is a Boglehead?
Replies: 55
Views: 2653

Who follows Age in Bonds

In my younger years, before I knew what kind of investor I was and didn't really know much, I was very conservative. In my 30s, I was 50/50 and then as I learned I gradually was 60/40 for many years. I know age in bonds is a starting place, but are there any folks who invested this way and stayed wi...
by stemikger
Thu Apr 23, 2015 9:56 am
 
Forum: Investing - Theory, News & General
Topic: Who follows Age in Bonds
Replies: 62
Views: 4384

Re: Bernstein: A Decade of Super-Low Returns [1.4% for 60/40

Is anyone changing their asset allocation due to this advice (i.e. taking on more equity risk).
by stemikger
Thu Apr 23, 2015 9:33 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein: A Decade of Super-Low Returns [1.4% for 60/40]
Replies: 232
Views: 23512

Re: Improving fund-of-funds.

I don't like the way Vanguard changed these several times since their inception. Target and Life Strategy funds are normally in tax-advantaged accounts. This means that shareholders can easily exchange to other funds if they disapprove of changes. I applaud Vanguard experts for changing their Targe...
by stemikger
Thu Apr 23, 2015 9:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Why I Chose Target Retirement Funds
Replies: 54
Views: 6163

Re: Reducing Monthly Costs

Not sure what you are paying for cable, but you can cancel it altogether. Pay an installer to put an antenna on the roof, and watch all the major channels for free. I wish this worked in my area. It did where I lived before, but there seem to be zero companies here installing antennas. Nonetheless,...
by stemikger
Thu Apr 23, 2015 9:26 am
 
Forum: Personal Consumer Issues
Topic: Reducing Monthly Costs
Replies: 29
Views: 2198

Re: Reducing Monthly Costs

In the last few weeks I reduced my monthly costs by $457 with just a few phone calls and a little paperwork.... Cable................$30 a month reduction by just asking Mortgage............$170 a month refinancing to a 10 year Newspaper..........$30 a month by canceling subscription we never read ...
by stemikger
Wed Apr 22, 2015 9:28 pm
 
Forum: Personal Consumer Issues
Topic: Reducing Monthly Costs
Replies: 29
Views: 2198

Re: Reducing Monthly Costs

In the last few weeks I reduced my monthly costs by $457 with just a few phone calls and a little paperwork.... Cable................$30 a month reduction by just asking Mortgage............$170 a month refinancing to a 10 year Newspaper..........$30 a month by canceling subscription we never read ...
by stemikger
Wed Apr 22, 2015 6:10 pm
 
Forum: Personal Consumer Issues
Topic: Reducing Monthly Costs
Replies: 29
Views: 2198

Re: Bernstein: A Decade of Super-Low Returns [1.4% for 60/40

We have to take what the market gives us. In the accumulation phase, the first and only thing we can do if we feel this is true is save more. Stick to your plan. Taking on more risk for someone who is older is not the answer, but saving more is. I'm sticking to my 60/40 and will save a little more a...
by stemikger
Wed Apr 22, 2015 4:52 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: A Decade of Super-Low Returns [1.4% for 60/40]
Replies: 232
Views: 23512

Re: New Water Heater

I disagree. Yes, sometimes they leak, but in my neighbors case, he had a basement full of water. Not sure why I would wait for that. I rather just buy a tank with a long warranty and go by the date. I rather do it before it leaks because Peace of Mind is priceless. I'm not sure that logic holds up....
by stemikger
Wed Apr 22, 2015 8:13 am
 
Forum: Personal Consumer Issues
Topic: New Water Heater
Replies: 42
Views: 3213

Re: Why I Chose Target Retirement Funds

A "safe risk free return"? Where did you get that idea? I like the Target Retirement Funds but they are not risk free! +1 Target Date funds are decent, all in one choices but can be very high risk (late dated ones) or conservative (Retirement Income). You have to look under the cover at t...
by stemikger
Wed Apr 22, 2015 8:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Why I Chose Target Retirement Funds
Replies: 54
Views: 6163

Re: How much do you pay in Property Taxes?

We have a nice home, but it's not a mansion. We pay $38k/year in northern NJ , on a private road so the neighbors have to chip in for paving, sewer is additional. I wish that i could "put" the house to the town at 90% of appraised value when we decide to leave; there oughta be a law. Btw,...
by stemikger
Wed Apr 22, 2015 8:08 am
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 184
Views: 9473

Re: Dealing with tourists taking photos. Etiquette question

On my most recent trip I was amazed at the growing trend of "selfie sticks" in use. Kinda pathetic if you ask me. + 1 I long for the days before Facebook, other social media sites and especially Selfies. I guess we have to be thankful that there aren't as many duck faces anymore. :oops: O...
by stemikger
Wed Apr 22, 2015 6:03 am
 
Forum: Personal Consumer Issues
Topic: Dealing with tourists taking photos. Etiquette question.
Replies: 34
Views: 3708

Re: How much do you pay in Property Taxes?

We have a nice home, but it's not a mansion. We pay $38k/year in northern NJ , on a private road so the neighbors have to chip in for paving, sewer is additional. I wish that i could "put" the house to the town at 90% of appraised value when we decide to leave; there oughta be a law. Btw,...
by stemikger
Wed Apr 22, 2015 5:59 am
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 184
Views: 9473

Re: Why I Chose Target Retirement Funds

You could do a lot worse. My choice is the Balanced Index Fund, but I know a most people here want the international allocation. I also feel the same way John Bogle feels and feel the Target Date Funds don't take social security into account at their final resting place with 30% in equities. But hey...
by stemikger
Wed Apr 22, 2015 5:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Why I Chose Target Retirement Funds
Replies: 54
Views: 6163

Re: Great little interview with John Bogle

He said in the interview that he prefers the static allocation of a balanced fund rather than a target-date fund. Me too, but 'static allocation' seems to be a different recommendation than age in bonds. What's up with that? Or is a balanced fund recommendation simply a case of 'simple is better'? ...
by stemikger
Wed Apr 22, 2015 5:17 am
 
Forum: Investing - Theory, News & General
Topic: Great little interview with John Bogle
Replies: 23
Views: 2197

Re: Great little interview with John Bogle

SaraSV wrote:Thank you for the link - great short read.


Glad you enjoyed it!
by stemikger
Wed Apr 22, 2015 5:10 am
 
Forum: Investing - Theory, News & General
Topic: Great little interview with John Bogle
Replies: 23
Views: 2197

Re: Great little interview with John Bogle

On one hand Bogle says we do not need any international funds. On the other hand, VG is increasing its International allocation in the TR funds. I wonder why there is such a disconnect between the two. Jack Bogle doesn't speak for Vanguard and they don't speak for him. He disagrees with them when i...
by stemikger
Wed Apr 22, 2015 5:08 am
 
Forum: Investing - Theory, News & General
Topic: Great little interview with John Bogle
Replies: 23
Views: 2197

Re: Dealing with tourists taking photos. Etiquette question

I didn't read the other replies yet, but I usually have to deal with this every morning and here is my take. I work in New York City (Midnight Shift and go home at 8:00a.m. via the Staten Island Ferry). Going into Staten Island on the 8:30 or 9:00am boat has a lot of tourist in the summer time. I am...
by stemikger
Wed Apr 22, 2015 5:00 am
 
Forum: Personal Consumer Issues
Topic: Dealing with tourists taking photos. Etiquette question.
Replies: 34
Views: 3708

Re: New York City Tours

+1 on avoiding tours. NY has some of the finest art in the world - the Met, MOMA, Guggenheim, the Whitney, the Cloisters, to name a view museums, and tons of galleries. It is a fun city to walk around in. Or ride the subway. Go explore. How could I have forgotten the Museums. All great, I love MOMA...
by stemikger
Wed Apr 22, 2015 4:50 am
 
Forum: Personal Consumer Issues
Topic: New York City Tours
Replies: 11
Views: 932

Re: How much do you pay in Property Taxes?

We have a nice home, but it's not a mansion. We pay $38k/year in northern NJ, on a private road so the neighbors have to chip in for paving, sewer is additional. I wish that i could "put" the house to the town at 90% of appraised value when we decide to leave; there oughta be a law. Btw, ...
by stemikger
Wed Apr 22, 2015 4:34 am
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 184
Views: 9473

Re: How much do you pay in Property Taxes?

A tad bit below $4,000. I live in a Townhome with only 7 other houses attached, not a development. It's worth around $380,000 in Staten Island, New York and around 2,000 SF.
by stemikger
Wed Apr 22, 2015 3:50 am
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 184
Views: 9473

Re: New York City Tours

I recommend the Circle Line https://www.circleline42.com/; I have gone on it several times. It is a 3-hour tour all the way around Manhattan. It isn't a tour for visiting the attractions, just for seeing them, although you can then go back and visit anything of interest (by subway, for example). I ...
by stemikger
Wed Apr 22, 2015 1:33 am
 
Forum: Personal Consumer Issues
Topic: New York City Tours
Replies: 11
Views: 932

Re: [What is safest vehicle on the road today that I can buy

The problem is that the dynamics of each crash is so unique it is hard to quantify. They always say big cars are safer which makes sense, but I always drove small subcompacts and luckily only had fender benders. 5 months ago I got into an accident that was definitely more than a fender bender. I dri...
by stemikger
Wed Apr 22, 2015 1:18 am
 
Forum: Personal Consumer Issues
Topic: [What is safest vehicle on the road today that I can buy?]
Replies: 83
Views: 4543
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