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Re: Need Cash if Hold Target or LS FUND ?

I plan to have 3-4 years of cash in Prime Money Market when I retire in 2017 so that we don't have to touch investment accounts. Seems only prudent.
by steve roy
Sun Dec 21, 2014 11:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Need Cash if Hold Target or LS Fund ?
Replies: 5
Views: 251

Re: Yahoo mail

Yahoo e-mail is running like a Swiss watch from my end.
by steve roy
Fri Dec 19, 2014 1:16 pm
 
Forum: Personal Consumer Issues
Topic: Yahoo mail [problems]
Replies: 29
Views: 2027

Re: At what age did you find dream job?

Got the dream job writing animated features at 27.

Lost the dream job, age 37.

Went on to various other jobs, ending in a gig that lasted from age 40 to retirement.
by steve roy
Sat Dec 13, 2014 11:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: At what age did you find dream job?
Replies: 32
Views: 2694

Re: What is your opinion about "tilting?"

I tilt, and I think the Vanguard funds are "good enough". I also think the Three-Fund is also "good enough", and that most people would be as well off using the TFP because it's simplicity will assist many in not lousing up an investment program. (Chasing high-performing sectors ...
by steve roy
Sat Dec 13, 2014 8:01 pm
 
Forum: Investing - Theory, News & General
Topic: What is your opinion about "tilting?"
Replies: 116
Views: 8757

Re: Why are high 401k fees maintained in competitive equilib

I've been a trustee on a 401(k) Plan with 2350 participants and $220 million in assets for fifteen years; here's some of what I've learned: A small plan, maybe one that's just starting or one attached to a small company, is going to have higher fees because the limited amount of dollars being admini...
by steve roy
Thu Dec 11, 2014 7:48 am
 
Forum: Investing - Theory, News & General
Topic: Why are high 401k fees maintained in competitive equilibrium
Replies: 46
Views: 2163

Re: Wellesley acutally outperforms Total Market/Intermed. Ta

Yes, Wellesley has had a good run; therefore we write about it. I'm so old, I can remember when we were chatting about the Harry Browne "Permanent Portfolio", back in those halcyon long-ago times. But now the PP is a Weak Sister, return wise, so it has fallen off the radar. Funny how that ...
by steve roy
Mon Dec 08, 2014 3:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wellesley acutally outperforms Total Market/Intermed. Tax Ex
Replies: 5
Views: 952

Re: Do I need diversification with a small balance? (extensi

Your strategy is okay. Max out, if possible, the 401(k), because free money is being offered. Put something in the Roth; that serves you well long term. On the investment side, put everything in Total Stock Market and let it ride. When you get a bigger nut, you can get fancier if you like, but diver...
by steve roy
Sun Dec 07, 2014 11:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Do I need diversification with a small balance? (extensive)
Replies: 8
Views: 458

Re: What percent "Boglehead" are you?

Vanguard says I am 56% pure, if we judge Boglishness by level of indexing. But (sadly?) I have a few non-index bond funds, and a large slug (7%) of Wellesley, and I'm keeping it.

Which makes me, I guess, an infidel.
by steve roy
Sun Dec 07, 2014 11:08 am
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 120
Views: 7869

Re: Small,Mid,Sp500 vs total stock market : VANGUARD

I lean toward equal-weighting large cap, mid cap, and small cap index funds (with a small-cap value tilt). It's worked for me, but there's much to be said for broad, cap weighted holdings in the Total Stock Market and Total International Stock index funds. In the end, I think, your stock to bond rat...
by steve roy
Sun Nov 30, 2014 10:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Small,Mid,Sp500 vs total stock market: Vanguard
Replies: 23
Views: 2019

Re: Small cap value premium

A small point sometimes overlooked in all the back and forth: When somebody says: "Small cap value under-performed large cap for 18 years", the inattentive might take that to mean small cap value did horribly, when in fact it could mean that SCV went up 11% while the S & P 500 went up,...
by steve roy
Thu Nov 27, 2014 1:23 am
 
Forum: Investing - Theory, News & General
Topic: Small cap value premium
Replies: 150
Views: 14416

Re: Portfolio Review- need to tighten up

Most of what you have is pretty decent, but I would lose (if it doesn't cost you a bundle in taxes) the Vanguard Global Equity in taxable. It's got 45% annual turnover, not good. And it's ER is high. Why not replace it with an international index ... or VG international small cap ETF?
by steve roy
Wed Nov 26, 2014 10:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review- need to tighten up
Replies: 5
Views: 1183

Re: Corporate bond funds? Tips? Long term bond funds? Yes or

I roll with 65% Vanguard Intermediate Term, and 35% Vanguard Short Term. And smatterings of other bond funds because I (we) don't sell anything.
by steve roy
Wed Nov 26, 2014 9:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Corporate bond funds? Tips? Long term bond funds? Yes or no?
Replies: 17
Views: 1595

Re: Favorite nonfiction books

"Life on the Mississippi" by Mark Twain. I think it's Twain's best book. The first half recounts Samuel Clemens years as a cub pilot and pilot on the Big River, and was originally a series of articles in Harper'ss Monthly titled "Old Times on the Mississippi." Seven years later, ...
by steve roy
Wed Nov 26, 2014 8:41 pm
 
Forum: Personal Consumer Issues
Topic: Favorite nonfiction books
Replies: 117
Views: 9695

Re: Freakonomics approach to 401(k) choices

There is always an investment better than your investment. Just like there's always somebody cuter/ smarter/ richer/ more socially adept than you are. But you're on your road, not theirs. Travel on your road to the best of your ability. Research your asset allocation strategy, then execute it. And k...
by steve roy
Sun Nov 23, 2014 4:48 pm
 
Forum: Investing - Theory, News & General
Topic: Freakonomics approach to 401(k) choices
Replies: 27
Views: 2677

Re: What Movie Have You Recently Watched?

"The Judge" with Robert Downey Jr. and Robert Duvall. Somewhat of a down-trip story about a Chicago lawyer returning to his rural, small-town and clashing with his father. Engrossing as it unspools, the movie doesn't quite come together. ( There's too many characters with too many back sto...
by steve roy
Wed Nov 19, 2014 1:29 am
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 262
Views: 28646

Re: How Not to Retire

So what's the actionable point to this story? ... Don't know about others, but various things leapt out at me. 1) Pay attention. (This gent did little of that). 2) Have an investment plan. (He seemed free-form and aimless until it was too late). 3) Live below your cash-flow. (This wasn't even on hi...
by steve roy
Mon Nov 17, 2014 6:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Not to Retire
Replies: 67
Views: 8016

Re: Bogleheads, tell me about your 40's?

At 40, the Mrs. and I were pretty much broke. We had a house (1100 square feet) with a large mortgage, and a two-year-old. My wife was working steadily but I was bouncing around, not holding a job for more than 9 months at a stretch. I had just left a teaching job in a private school in Tarzana wher...
by steve roy
Mon Nov 17, 2014 1:17 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 103
Views: 17327

Re: ACA coverage question

The IRS has rules about who qualifies as an "independent contractor". Good idea to examine work parameters, then figure out if the person is really and truly and independent contractor. If it's the county, I'm guessing they know what they can do and can't do, but I would nevertheless check.
by steve roy
Sat Nov 15, 2014 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA coverage question
Replies: 7
Views: 452

Re: Newbie we need help!

Between chasing after your kids, I would look at some good investment tomes: "Bogleheads Guide to Investing", Larry Swedroe's oeeuvre, William J. Bernstein's books, etc. And if you don't have time right now for those, look at Taylor Larimore's "investing gems" here on the site. T...
by steve roy
Sat Nov 15, 2014 11:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie we need help!
Replies: 15
Views: 890

Re: Just signed up Obamacare again.

Be interesting to see how Year Two goes, nationwide. Higher enrollments? Higher or lower prices? And of course, all the politics.
by steve roy
Sat Nov 15, 2014 11:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Just signed up Obamacare again.
Replies: 41
Views: 3655

Re: If your networth is over $3 million, how did you do it?

Owning a house. TIme and steady investing. Plus, making small mistakes but no big ones. I think the simplest, best way to get rich is to put money, week by week and decade after decade, into the Three-Fund portfolio. And having the strength of will not to deviate drastically from your Plan. The Prin...
by steve roy
Fri Nov 14, 2014 1:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 270
Views: 33438

Re: Gathering thoughts vs. Market Timing

I'll make it simple. Go to 65% stocks, 35% bonds. Use the three-fund portfolio template. (See "Larimore, Taylor.") STICK with that allocation until age 45. Then move to 50/50 stock/bond. STICK with that allocation until age 62. Then move to 35/65 stock bond. WHEN you retire, set it at tha...
by steve roy
Mon Nov 10, 2014 3:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Gathering thoughts vs. Market Timing
Replies: 56
Views: 3775

Re: Happy Birthday, Marines!

From a proud ex-swabbie, of the "All Sweepers Man Your Brooms!" variety (USNR, 1970-74), Semper Fi.
by steve roy
Mon Nov 10, 2014 1:32 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Happy 239th Birthday, U.S. Marine Corps
Replies: 20
Views: 1194

Re: Gathering thoughts vs. Market Timing

I'll make it simple. Go to 65% stocks, 35% bonds. Use the three-fund portfolio template. (See "Larimore, Taylor.") STICK with that allocation until age 45. Then move to 50/50 stock/bond. STICK with that allocation until age 62. Then move to 35/65 stock bond. WHEN you retire, set it at that...
by steve roy
Mon Nov 10, 2014 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Gathering thoughts vs. Market Timing
Replies: 56
Views: 3775

Re: Messy baby restaurant etiquette

We had a younger kid who was out of control. At restaurants he threw silverware, knocked things off the table. He made life very interesting. In the Chinese sense of the word. When the kid was two, we spent Christmas in Waikiki. Two weeks of Hell. Our solution was, we carried the kid out of restaura...
by steve roy
Sun Nov 09, 2014 12:42 pm
 
Forum: Personal Consumer Issues
Topic: Messy baby restaurant etiquette
Replies: 75
Views: 4783

Re: I'm Scared! Vanguard Target Retirement 2015 - What to d

Target Date 2015 is fine. I, too, an in that fund, and sleep wonderfully well. Understand that investments fluctuate, but what you're after is diversified bonds and diversified stock. With your investment lineup you've got both, so you're doing the right thing. My suggestions: 1) Look at your accoun...
by steve roy
Thu Nov 06, 2014 11:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: I'm Scared! Vanguard Target Retirement 2015 - What to do!
Replies: 39
Views: 7794

Re: What are you up YTD?

Here's a reason not to look at your returns, this from financial gurus Barry Ritholtz and James O'Shaugnessy on Bloomberg radio: O'Shaughnessy: "Fidelity had done a study as to which accounts had done the best at Fidelity. And what they found was..." Ritholtz: "They were dead." O...
by steve roy
Sat Nov 01, 2014 2:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 213
Views: 18785

Re: Vanguard's Voice Recognition

I'd never heard of this. Surprised no one at vanguard has mentioned this to me or my mom. There's more info here, but still trying to figure out how to sign up. https://personal.vanguard.com/pdf/c106.pdf?2210065141 I believe you have to be invited to be eligible. They told me I was invited because ...
by steve roy
Wed Oct 29, 2014 10:53 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard's Voice Recognition
Replies: 18
Views: 1283

Re: Vanguard's Voice Recognition

It works well. But sometimes it's a wee bit extra curious and asks me to repeat multiple things:

"At Vanguard, rubber babies bump buggies."
by steve roy
Wed Oct 29, 2014 7:33 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard's Voice Recognition
Replies: 18
Views: 1283

Re: "Schwab Intelligent Portfolios"

This will be of minimal use to me. I've got a variety of Vanguard funds, but haven't rebalanced them in several years, since asset classes are only fractionally off of their targets. But even if you have ten or fifteen funds, how long can it take to bring them into balance? An hour? I think I can ha...
by steve roy
Wed Oct 29, 2014 4:22 pm
 
Forum: Investing - Theory, News & General
Topic: "Schwab Intelligent Portfolios"
Replies: 56
Views: 6847

Re: Who says a stock is either "value" or "growth"?

My understanding is that "value" stocks (small, large or midcap) aren't always value but move around, depending on book-to-market.

So ... a small cap value stock could become a small cap growth stock. And the reverse.
by steve roy
Sun Oct 26, 2014 11:35 pm
 
Forum: Investing - Theory, News & General
Topic: Who says a stock is either "value" or "growth"?
Replies: 25
Views: 2168

Re: THANK YOU!!! Bogleheads Conference #13 (2014)

My wife and I were first-time attendees. People were warm, friendly and happy to engage in conversation. Just about everyone made us feel welcome. I got a lot out of the panel discussions and presentations. My take-aways were "Don't micro-manage, don't sweat the small stuff, don't feel that you...
by steve roy
Sat Oct 25, 2014 9:59 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: THANK YOU!!! Bogleheads Conference #13 (2014)
Replies: 71
Views: 7807

Re: Is it possible to have a favorite movie

My favorites have varied over time, except for .... "The Adventures of Robin Hood" (1938) and "The Sea Hawk" (1940) because I loved them as a kid and love them still. "How Green Was My Valley" (1941) has always been a keeper. I had the good fortune to attend a Directors...
by steve roy
Fri Oct 17, 2014 10:31 pm
 
Forum: Personal Consumer Issues
Topic: Is it possible to have a favorite movie
Replies: 82
Views: 3323

Re: Grand Canyon by rail

The wife, kids, and I took the trip that you're contemplating. It was an old-time, 19th century train that chugged to the north rim of the Canyon. It was around Christmas. We stayed in a local hotel overnight and had good weather. The scenery was spectacular, the air was crisp, and we all had a fine...
by steve roy
Thu Oct 16, 2014 1:20 pm
 
Forum: Personal Consumer Issues
Topic: Grand Canyon by rail
Replies: 8
Views: 704

Re: Your personal risk level: Got your flu shot yet?

Tomorrow morning. Thanks for asking.
by steve roy
Wed Oct 15, 2014 11:23 pm
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 3251

Re: Do you rebalance now?

The Wizard wrote:Don't rebalance too quickly during downturns.
Every 5% down is fine...


I rebalance quickly because I'm still putting cash IN. I'm not selling shares of anything, so it's not a big deal. When I'm retired? 'Twill be a different story.
by steve roy
Mon Oct 13, 2014 11:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you rebalance now?
Replies: 17
Views: 1496

Re: Does your ROTH hold risky or stable items?

The Roth IRA contains Wellesley and REITS. Mostly Wellesley.

Two and a half years hence, it will contain (mostly) Vanguard Small Cap Value and the Wellesley will move to an IRA rollover account where there is more money with which to play.
by steve roy
Mon Oct 13, 2014 11:10 pm
 
Forum: Investing - Theory, News & General
Topic: Does your ROTH hold risky or stable items?
Replies: 56
Views: 3553

Re: which bond fund should I use?

Vanguard Intermediate Tax Exempt is my bond fund of choice in taxable space. Like the duration, quality and performance a lot.
by steve roy
Mon Oct 13, 2014 11:29 am
 
Forum: Investing - Help with Personal Investments
Topic: which bond fund should I use?
Replies: 7
Views: 757

Re: Does management tenure predict fund performance

Interesting. So John Hussman is able to keep his job running the Hussman funds because A) he started the suckers, and B) his name's on them?
by steve roy
Mon Oct 13, 2014 9:32 am
 
Forum: Investing - Theory, News & General
Topic: Does management tenure predict fund performance
Replies: 1
Views: 250

Re: Gold: Is now the time?

If you want gold in your portfolio, then purchase gold. Forget about whether it's "high" or "low". I think you have to use the same rationale you'd use for any asset class: What's my investment strategy and what's my investment allocation plan? And am I underweighted in gold acco...
by steve roy
Mon Oct 13, 2014 9:19 am
 
Forum: Investing - Theory, News & General
Topic: Gold: Is now the time?
Replies: 36
Views: 2343

Re: if you wouldn't buy Total Bond Market now, then when and

Following Larry Swedroe's advice, I purchase Vanguard Intermediate Term Bond Index instead of Total Bond.

The duration is a wee bit longer than I like, but I fix that buying a chunk of Vanguard Short Term Bond Index. There's a solution to everything.
by steve roy
Sun Oct 12, 2014 10:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: if you wouldn't buy Total Bond Market now, then when and why
Replies: 7
Views: 1600

Re: The Rise and Fall of Performance Investing

Great information, for which thanks. Makes me happy I'm on the indexing path.
by steve roy
Sun Oct 12, 2014 12:42 pm
 
Forum: Investing - Theory, News & General
Topic: The Rise and Fall of Performance Investing
Replies: 5
Views: 655

Re: Masters in business interview I did with Barry Ritholtz

I listen to RItholtz a lot, and enjoy him, but he ALWAYS jumps in.

Too much caffeine.
by steve roy
Sun Oct 12, 2014 10:42 am
 
Forum: Investing - Theory, News & General
Topic: Masters in business interview I did with Barry Ritholtz
Replies: 13
Views: 1272

Re: What will you do during the next crash?

If p/e ratios plunge enough, I might ... emphasize MIGHT ... change my allocation from 70% bonds to 65% bonds.

But there's a 70% chance I'll stick with the 70% bond allocation.
by steve roy
Sun Oct 05, 2014 9:29 pm
 
Forum: Investing - Theory, News & General
Topic: What will you do during the next crash?
Replies: 63
Views: 4615

Re: What was your initial AA and how has that worked out?

I started, I guess, in my thirties. And did everything wrong. No particular asset allocation (I had no knowledge of them), but I did have a "financial advisor" who took 2% off the top and under-performed the S & P 500. (I was nothing if not crafty in those days). When I hit forty in 19...
by steve roy
Sun Oct 05, 2014 12:19 pm
 
Forum: Investing - Theory, News & General
Topic: What was your initial AA and how has that worked out?
Replies: 32
Views: 2603

Re: little help with Vanguard Extended Market Index Fund Adm

Would you be wanting to shift the money if Extended Market was performing as well as ... or better ... than Total Stock Market?

Don't fall into the trap of chasing returns, or, as William Bernstein says, "Skating to where the puck was."
by steve roy
Sat Oct 04, 2014 8:37 am
 
Forum: Investing - Help with Personal Investments
Topic: little help with Vanguard Extended Market Index Fund Admiral
Replies: 9
Views: 768

Re: What Book Are You Currently Reading? Part VI

"The Entertainer -- Movies, Magic and My Father's Twentieth Century" -- Margaret Talbot Lyle Talbot's youngest daughter has written a book about him. (You DO know who Lyle Talbot is, don't you? He was an actor who had a loooong career, who spent a decade as Ozzie Nelson's next door neighbo...
by steve roy
Sat Sep 27, 2014 8:22 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 254
Views: 30973

Re: Overall Portfolio Check (and questions about extra cash)

Maybe you can ladder some Certificates of Deposit, get a bit more return that way. There's really no way to goose returns without increasing risk.
by steve roy
Sat Sep 27, 2014 11:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Overall Portfolio Check (and questions about extra cash)
Replies: 19
Views: 1254

Re: Is Now a Good time to Buy Bonds ???

William Bernstein advocates holding short-term bonds in the present environment. If you're worried about interest rates rising, holding Vanguard's short-term bond index would be a viable way to go. I hold a mixture of intermediate and short-term bond funds, for an average duration of 4.5 years.
by steve roy
Thu Sep 25, 2014 11:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is Now a Good time to Buy Bonds ???
Replies: 19
Views: 2017

Re: Portfolio help please!

My disease is I overthink allocation and fine tune it more than I need to. Taylor Larimore has a strong point when he advocates setting your allocation and keeping it simple (three fund portfolio).
by steve roy
Sun Sep 21, 2014 11:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio help please!
Replies: 5
Views: 658
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