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Re: wood deck stain?

I previously had my wood deck stained with some Olympic stain. After it was powerwashed, the deck looked great, so I asked the painter for a stain that would preserve that appearance to some extent. The result was fine, but after only a few months, the deck started to get the grey-silvery color aga...
by stemikger
Wed Apr 23, 2014 10:42 pm
 
Forum: Personal Consumer Issues
Topic: wood deck stain?
Replies: 18
Views: 777

Re: What's your number?

Posted by dickenjb stemikger, you can start making catch up contributions in the year you turn 50. Having said that, I turned 50 one July and Fidelity would not let me start making catch up contributions until I actually turned 50. The IRS would let you start in January. Thanks for the heads up. I ...
by stemikger
Wed Apr 23, 2014 10:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 61
Views: 3261

Re: What's your number?

We never had a number. The only goal was to get a "critical mass", a notion I got from Bob Brinker's Land of Critical Mass radio program. I didn't really think we could save enough to acquire a "critical mass", but we saved nevertheless. Besides a money market fund holding 8 mon...
by stemikger
Wed Apr 23, 2014 10:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 61
Views: 3261

Re: FYI..W.BUFFETT ON BLOOMBERG AT 3 TODAY

Thanks for the heads up!!

Steve
by stemikger
Wed Apr 23, 2014 7:52 am
 
Forum: Investing - Theory, News & General
Topic: FYI..W.Buffett on Bloomberg at 3 Today
Replies: 8
Views: 294

Re: What's your number?

...and I use 7% as my return. I'm being conservative... 7% is not conservative. Bruce When I said conservative, I was using the 17,500 and not the 23,000 I plan to add each year which I did say in my reply. I also was not including the company match of 3500 per year. So when I use 5% as my return a...
by stemikger
Wed Apr 23, 2014 6:40 am
 
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 61
Views: 3261

Re: Bonds - Are they essential in a new portfolio?

I am 42, finally out of debt, and have some extra cash that I want to invest, around 10K. I have heard/read conflicting opinions on wether or not I should worry about bonds at this stage. Any suggestions? I started saving when I turned 30 and I'm turning 50 this June. I am sticking with my AA of 70...
by stemikger
Wed Apr 23, 2014 6:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Bonds - Are they essential in a new portfolio?
Replies: 8
Views: 1145

Re: Outdoor fire pit? Yea or Nay

I didn't read the other replies yet, so forgive me if this was covered. My brother-in-law put one in last summer and had it lit at night. I'm not a fan. I had to take a shower before I went to bed because I smelled of the fire. The smell was in my nose and I was also coughing a lot. I rather do with...
by stemikger
Wed Apr 23, 2014 6:29 am
 
Forum: Personal Consumer Issues
Topic: Outdoor fire pit? Yea or Nay
Replies: 52
Views: 5091

Re: What's your number?

According to the Simple Savings Calculator, this is what I should have in 10 years. Final Savings Balance: $1,044,173.62 This is if I continue to save 17,500 per year in my 401K and I use 7% as my return. I paid off my house last year and I turn 50 this June, so I will be happy to have this amount b...
by stemikger
Wed Apr 23, 2014 6:18 am
 
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 61
Views: 3261

Re: If you have ACA health insurance, what is your experien

I'm checking the MN Sure website and discovered a plan call MN Care for incomes less than $23k for a single person or $31k for a family of 2 persons. The monthly premium payment is $50. There are additional payments for using the insurance but they are also at a low cost. Does your ACA state websit...
by stemikger
Wed Apr 23, 2014 12:41 am
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 157
Views: 6690

Re: Does Asset Allocation beat the S&P 500?

I came across this site which lists a group of "Lazy Portfolios". The ones I clicked on were all vanguard funds. And while the funds all intended to keep people passively investing while offering some diversity, I noticed the S&P had better returns over all 8 Portfolios in the 1year, ...
by stemikger
Tue Apr 22, 2014 5:56 pm
 
Forum: Investing - Theory, News & General
Topic: Does Asset Allocation beat the S&P 500?
Replies: 74
Views: 3291

Re: Q&A with Jack Bogle at 2014 Bogleheads Conference

Hi Jack, Warren Buffett has recently been giving personal finance advice for regular folks who have no desire or inclination to become value investors. His advice is to hold enough in cash to feel secure and to put the rest in the Vanguard 500 Index Fund. He also calls bonds and bond funds dangerou...
by stemikger
Mon Apr 21, 2014 2:46 pm
 
Forum: Investing - Theory, News & General
Topic: Q&A with Jack Bogle at 2014 Bogleheads Conference
Replies: 23
Views: 2170

Re: Q&A with Jack Bogle at 2014 Bogleheads Conference

Mr. Bogle, Pretend you were 65 today and retiring in 2014. You maintain fairly modest lifestyle and have a total nestegg of one million, but no pension. How would you allocate portfolio? Hi Bustoff, You might find this interesting for now. http://www.reuters.com/article/2012/09/11/us-column-taylor-...
by stemikger
Mon Apr 21, 2014 12:08 pm
 
Forum: Investing - Theory, News & General
Topic: Q&A with Jack Bogle at 2014 Bogleheads Conference
Replies: 23
Views: 2170

Re: International Allocation in 401k

I have two options: DODFX or VTSNX I've studied both and the only thing I can find as a benefit for VTSNX is the expense fee. DODFX has a long record of outperforming others in its category and is in most peoples list of the best available mutual funds. I need advice on this not just the blindly &q...
by stemikger
Sun Apr 20, 2014 8:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: International Allocation in 401k
Replies: 7
Views: 515

Re: Q&A with Jack Bogle at 2014 Bogleheads Conference

Hi Jack, Warren Buffett has recently been giving personal finance advice for regular folks who have no desire or inclination to become value investors. His advice is to hold enough in cash to feel secure and to put the rest in the Vanguard 500 Index Fund. He also calls bonds and bond funds dangerous...
by stemikger
Sat Apr 19, 2014 7:37 pm
 
Forum: Investing - Theory, News & General
Topic: Q&A with Jack Bogle at 2014 Bogleheads Conference
Replies: 23
Views: 2170

Re: Doesn't Matter - Does Matter - Good Post by Ben Carlson

Great words of wisdom. Thanks for sharing.
by stemikger
Fri Apr 18, 2014 4:10 pm
 
Forum: Investing - Theory, News & General
Topic: Doesn't Matter - Does Matter - Good Post by Ben Carlson
Replies: 58
Views: 5170

Re: *poor* Bogleheads

I have been a long time lurker and recent poster on this wonderful forum. Finding this site has certainly helped me fix my investment allocations and for that I am very appreciative. However, I have come to the conclusion that perhaps there should be another main forum category for those of us that...
by stemikger
Fri Apr 18, 2014 9:27 am
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 5340

Re: Asset allocation over time

I think Jack's rule of thumb is a rough guide (which is what he always calls it) and if you are a conservative investor it may work. Over the years, I was all over the place and personally think this is too conservative. One thing to keep in mind at your age is that being too conservative is just as...
by stemikger
Fri Apr 18, 2014 1:11 am
 
Forum: Investing - Theory, News & General
Topic: Asset allocation over time
Replies: 23
Views: 1232

Re: Over-55 communities a ripoff?

Question: Why would an over-55 'empty-nest' couple 'downsize' by selling their long-time and likely paid-off home, and buying into a new over-55 community? These heavily-marketed communities are no bargain, with 3-bedroom homes starting in the $300,000 range where I live (Philadelphia area). If the...
by stemikger
Thu Apr 17, 2014 5:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Over-55 communities a ripoff?
Replies: 38
Views: 2711

Re: Central AC and Forced Hot Air Heat (Gas)

Thanks for the input and advice. The guy comes tomorrow to give mea price.
by stemikger
Thu Apr 17, 2014 5:23 pm
 
Forum: Personal Consumer Issues
Topic: Central AC and Forced Hot Air Heat (Gas)
Replies: 14
Views: 910

Re: Jack on Bloomberg Today...

Jack just makes so much sense. It's comforting to me that it doesn't take a genius to understand his perspective and make an informed decision that what he says is logical. Am sorry he was cut off, as what he was saying was very interesting to me. The smartest people have a way of making the compli...
by stemikger
Thu Apr 17, 2014 1:17 am
 
Forum: Investing - Theory, News & General
Topic: Jack on Bloomberg Today...
Replies: 12
Views: 1643

Central AC and Forced Hot Air Heat (Gas)

This July would make my home 21 years old. I bought the house brand new. It is a Townhome and is around 1,800 sq. ft. My Central AC went but the heat is still working fine. Is there any advantage to do them both at the same time, or should I just take care of the AC and replace the heat when it stop...
by stemikger
Thu Apr 17, 2014 1:13 am
 
Forum: Personal Consumer Issues
Topic: Central AC and Forced Hot Air Heat (Gas)
Replies: 14
Views: 910

Re: Jack on Bloomberg Today...



Thanks for the link. I always enjoy watching Jack. It's a little scary how sharp he still is and I'm always amazed how smart he is.
by stemikger
Wed Apr 16, 2014 1:20 am
 
Forum: Investing - Theory, News & General
Topic: Jack on Bloomberg Today...
Replies: 12
Views: 1643

Re: Favorite Investing Book?

If I had to pick one, it would be The Little Book of Common Sense Investing (John Bogle). The above book is a quicker read then my other favorite book Common Sense on Mutual Funds. Both these books gave me the insight that I needed. In Common Sense on Mutual Funds, he goes into the deeper theories a...
by stemikger
Tue Apr 15, 2014 5:16 pm
 
Forum: Investing - Theory, News & General
Topic: Favorite Investing Book?
Replies: 42
Views: 3285

Re: Stock AA [Asset Allocation]

Sorry.Did not want to get into posting so much info.From my time mostly lurking here,I thought it was a decent mix of stocks if one was not going to go the total market route.Easier to just put it in the total market.Thanks. This is a great place to learn from a lot of very smart and generous peopl...
by stemikger
Mon Apr 14, 2014 5:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stock AA [Asset Allocation]
Replies: 11
Views: 681

Re: Stock AA

I have a relative who considers himself to be a very successful investor.I have 300,000 to allocate to stocks in my portfolio.He suggests the following:100,000 in Vang Dividend growth....100,000 in Vang Equity Income....33,333 each in Vang small cap value,midcap value and Reit.Any thoughts? I know ...
by stemikger
Mon Apr 14, 2014 4:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stock AA [Asset Allocation]
Replies: 11
Views: 681

Re: Lump sum - invest now or later?

Don't try and time the market. Check this video out below.

http://www.youtube.com/watch?v=1eWLe1oh4zw
by stemikger
Sat Apr 12, 2014 1:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Lump sum - invest now or later?
Replies: 7
Views: 1044

Re: Stock markets in free fall?

Bonds are still a waste of time for young investors (<40yrs) who plan on retiring at 55 or later, even if the market drops another 30-40%. The market has risen well over that in the last few years and bonds would have been a major drag on returns. I agree. I wish I would have realized this 20 years...
by stemikger
Sat Apr 12, 2014 12:32 am
 
Forum: Investing - Theory, News & General
Topic: Stock markets in free fall?
Replies: 92
Views: 6565

Re: Stock markets in free fall?

Whatever happened to the "why not 100% equity threads?" If you have ten or more years away, a down market is good for saving for the future. I still think bonds are not a good investment today and still side with Buffett on this. I can't justify owning a bad investment all because equitie...
by stemikger
Fri Apr 11, 2014 11:36 pm
 
Forum: Investing - Theory, News & General
Topic: Stock markets in free fall?
Replies: 92
Views: 6565

Re: Getting over huge mistakes

What fun is going through life if you don't make mistakes. Think how boring it would be if we all did it right. That's not living. The great thing about being human is there is no right way to do it.
by stemikger
Thu Apr 10, 2014 10:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Getting over huge mistakes
Replies: 30
Views: 3310

Re: Anyone else very reluctant to buy right now?

This was taken from a post started by bhsince87. I thought it was appropriate for people who stay out of the market because they think it is too high. Here’s an interesting little analysis of what might happen if you are a poor market timer, and buy in to a broad index fund at market peaks. Bottom l...
by stemikger
Thu Apr 10, 2014 9:41 am
 
Forum: Investing - Theory, News & General
Topic: Anyone else very reluctant to buy right now?
Replies: 124
Views: 12189

Re: Netflix & Red Box

I'm noticing that for the movies I really want to watch via my Netflix subscription, most are only available on DVD and not available through streaming. Streaming seems to be best for TV series. I enjoyed the Breaking Bad and Orange is the New Black episodes - any other series suggestions? Interest...
by stemikger
Wed Apr 09, 2014 9:56 am
 
Forum: Personal Consumer Issues
Topic: Netflix & Red Box
Replies: 26
Views: 1498

Re: Among Heroes and Villains

I look forward to reading it Rick. Thank you for your service!!
by stemikger
Tue Apr 08, 2014 9:56 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Among Heroes and Villains
Replies: 10
Views: 1155

Re: Anyone else very reluctant to buy right now?

If lump sum investing in most cases beats DCA, it's time in the market not market timing, so get in and don't peak.
by stemikger
Tue Apr 08, 2014 6:31 am
 
Forum: Investing - Theory, News & General
Topic: Anyone else very reluctant to buy right now?
Replies: 124
Views: 12189

Re: Why did Buffet Pick Vanguard SP500?

Posted by JWillis7737 do you think they've ever met and engaged in financial conversations? WB-JB, CM-JB that is.. stemikger.. very good points, I get confused as to where I've heard that moats analogy before.. was it a Bogle book? I'm pretty sure they are friends. Here is what Warren wrote on Jack...
by stemikger
Tue Apr 08, 2014 3:56 am
 
Forum: Investing - Theory, News & General
Topic: Why did Buffet Pick Vanguard SP500?
Replies: 23
Views: 2957

Re: Why did Buffet Pick Vanguard SP500?

Historically Mr. Buffett is primarily a US large cap value investor. Looking at current measures of valuation between US large caps and small caps, most would agree that small caps are more richly valued than small caps relative to historical norms. Hence a value investor would not currently be dra...
by stemikger
Mon Apr 07, 2014 4:44 pm
 
Forum: Investing - Theory, News & General
Topic: Why did Buffet Pick Vanguard SP500?
Replies: 23
Views: 2957

Re: What Book Are You Currently Reading? Part V

Clash of the Cultures by John Bogle. I couldn't resist, I bought a signed copy by Mr. Bogle himself on e-bay. I'm also going back and forth between that and Man in the Arena. On a side note, I also have Charlie Munger's autograph. The one I can't get is Warren Buffett, but I currently have a bid on...
by stemikger
Mon Apr 07, 2014 1:52 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 2636
Views: 603635

Re: Why did Buffet Pick Vanguard SP500?

On a side note, I'm glade he likes that index because that is the only index option I have in my 401K. It is the Vanguard Institutional Index Fund and even cheaper than admiral shares.
by stemikger
Mon Apr 07, 2014 8:54 am
 
Forum: Investing - Theory, News & General
Topic: Why did Buffet Pick Vanguard SP500?
Replies: 23
Views: 2957

Re: How are you preparing for the coming bear market

Since Bear markets happen on a regular basis there is one coming, not that anyone knows when. Is there anything you do to prepare for the coming bear market beyond "stay the course"? No. If you have the appropriate asset allocation that suits your risk tolerance, you do nothing. Even if y...
by stemikger
Mon Apr 07, 2014 8:49 am
 
Forum: Investing - Theory, News & General
Topic: How are you preparing for the coming bear market
Replies: 104
Views: 7859

Re: Why did Buffet Pick Vanguard SP500?

If you think about it, the S&P 500 is really the poor man's version of Berkshire. Boring, large established companies with big moats. If you get into the Total Stock Index, many included in it are not the type of companies Berkshire would invest in. We know that Mr Bogle's son invests differentl...
by stemikger
Sun Apr 06, 2014 11:45 pm
 
Forum: Investing - Theory, News & General
Topic: Why did Buffet Pick Vanguard SP500?
Replies: 23
Views: 2957

Re: Can too high a % of market indexing become a liability?

I'm not qualified to answer this because it's too technical, but this is a question that is often asked and I remember reading somewhere that it is close to impossible and the analogy that was used was pretty clever. Here it is: It would be like everyone in the country flushing their toilets at the ...
by stemikger
Sun Apr 06, 2014 3:14 pm
 
Forum: Investing - Theory, News & General
Topic: Can too high a % of market indexing become a liability?
Replies: 9
Views: 1114

Re: John Bogle, Index Icon, Accused of Timing Market

John Bogle has not become a wild-eyed market timer. He is doing what many rational investors do and that is pay attention to valuations. He has also endorsed reaching for yield a bit, putting part of the stock portion of a portfolio into dividend stocks and using a corporate bond fund as part of th...
by stemikger
Sun Apr 06, 2014 3:10 pm
 
Forum: Investing - Theory, News & General
Topic: John Bogle, Index Icon, Accused of Timing Market
Replies: 44
Views: 4975

Re: Why pay off your house?

Because banks don't foreclose on houses that have been paid off. Having said that, if I had high property taxes I would move. I like having a paid off house with low property taxes. It is more money I have each month and less money I will need in retirement. I own a townhome and my upkeep is very mi...
by stemikger
Sun Apr 06, 2014 3:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 8615

Re: Buffett hasn't beaten the market regularly since '07

StarbuxInvestor wrote:My understanding is the Buffet philosophy is geared towards doing better than average in down years and average during good years.


You are right. He says this in the 2013 Letter to Shahreolders.
by stemikger
Sun Apr 06, 2014 8:41 am
 
Forum: Investing - Theory, News & General
Topic: Buffett hasn't beaten the market regularly since '07
Replies: 20
Views: 2424

Re: Best TV Shows and YouTube channels related to money?

I too enjoy American Greed.

On You Tube I love searching for interviews by Jack, Warren and Charlie Munger. Their wisdom is inspiring.
by stemikger
Sat Apr 05, 2014 2:42 am
 
Forum: Personal Consumer Issues
Topic: Best TV Shows and YouTube channels related to money?
Replies: 13
Views: 1101

Re: Dave Ramsey's advice about bonds is dangerous.

Stemikger: Thank you for the Dave Ramsey video in which he recommends no bonds in portfolios. Mr. Ramsey makes several incorrect statements like this: "Bonds are less volatile than stocks--but not much." The fact is that Vanguard's Total Bond Market's worst annual decline was -2.66% in 19...
by stemikger
Thu Apr 03, 2014 6:45 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey on Bonds
Replies: 17
Views: 3500

Re: What Book Are You Currently Reading? Part V

Clash of the Cultures by John Bogle. I couldn't resist, I bought a signed copy by Mr. Bogle himself on e-bay. I'm also going back and forth between that and Man in the Arena. On a side note, I also have Charlie Munger's autograph. The one I can't get is Warren Buffett, but I currently have a bid on ...
by stemikger
Thu Apr 03, 2014 6:37 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 2636
Views: 603635

Re: Bogle: Tilt To Corporates For More Yield

If you want to chase higher returns, why not own more stocks. I'm very comfortable with TBM, as is. I agree with this. If I was going to take more risk in the bond market, I would rather do what Warren Buffett has been telling the average investor to do and just keep adding money in the Vanguard S&...
by stemikger
Wed Apr 02, 2014 7:13 am
 
Forum: Investing - Theory, News & General
Topic: Bogle: Tilt To Corporates For More Yield
Replies: 64
Views: 6323

Re: Expensive hobbies and possessions? (B/c you can...)

What are some expensive hobbies you enjoy? What are some expensive things you own? B/c you're BH but for some things, you want the very best, b/c you can... None. I enjoy reading and taking long walks in New York City. Both are free. I did go through a five year period where I went to Disney every ...
by stemikger
Tue Apr 01, 2014 1:15 am
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 9241
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