Search found 1065 matches

by steve roy
Mon Jun 29, 2015 12:21 am
Forum: Investing - Help with Personal Investments
Topic: Housing Market in Southern California
Replies: 20
Views: 1473

Re: Housing Market in Southern California

A friend of ours just sold his North Hollywood house for one million smackeroonies. He offered it at $850k and a battle of bids ensued, driving the price up.

Real estate around these parts is frothy. We will say if it stays frothy.
by steve roy
Sat Jun 27, 2015 1:41 pm
Forum: Investing - Theory, News & General
Topic: "Target Date Funds Are Riskier Than You Think"
Replies: 32
Views: 4210

Re: "Target Date Funds Are Riskier Than You Think"

Happily, Vanguard does not double charge, though they do (from necessity) use "Investor" share classes.
by steve roy
Sat Jun 27, 2015 1:35 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads are more aggressive...
Replies: 57
Views: 5784

Re: Bogleheads are more aggressive...

I would agree with Nisi, way up above.

Unscientific polls aren't indicative of anything.
by steve roy
Sat Jun 27, 2015 12:22 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 144
Views: 13426

Re: Do you buy used cars like a Boglehead actually should?

We buy used cars exclusively. We look for deals. Picked up a Saturn Vue ten years ago with 12,000 miles on it, and we got it cheap because sticks in Southern California are not popular. Then we got a Volvo S60 for $19k; the car was a stick (of course!) with 3000 miles on the odometer. Most recently ...
by steve roy
Mon Jun 22, 2015 8:45 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday to Mel [Lindauer]
Replies: 36
Views: 2210

Re: Happy Birthday to Mel [Lindauer]

Many happy returns, Mel. Truly.
by steve roy
Mon Jun 22, 2015 5:15 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?
Replies: 81
Views: 11359

Re: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?

Up until forty, I spent most of my energy wringing my hands over survival and earning a living. Saving for retirement didn't really enter my thinking until forty-four or forty-five.
by steve roy
Mon Jun 22, 2015 5:12 pm
Forum: Personal Consumer Issues
Topic: Your Top 10 Books
Replies: 56
Views: 6763

Re: Your Top 10 Books

Life On the Mississippi -- M. Twain

Philip Marlowe Mysteries -- R. Chandler

Travis McGees (in my youth) -- J. MacDonald

Wind In The Willows -- K. Grahame

Catch 22 -- J. Heller

More than ten, but oh well.
by steve roy
Sun Jun 21, 2015 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Analysis
Replies: 2
Views: 545

Re: Portfolio Analysis

I know that Vanguard long term tax exempt isn't that long term, still in all I would choose intermediates.
by steve roy
Sun Jun 21, 2015 3:14 pm
Forum: Investing - Theory, News & General
Topic: Are Grantham and Hussman Correct About Valuations? [US stock market, Larry article]
Replies: 18
Views: 1947

Re: Are Grantham and Hussman Correct About Valuations? [US stock market, Larry article]

nisiprius wrote:[Accidentally posted in wrong thread]


Nisi, I would happily read your accidents. Or anything else you posted.
by steve roy
Fri Jun 19, 2015 10:14 pm
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 158
Views: 12306

Re: OPM breach and credit freeze

The wife and I own two-fers in the "victims of hackery" department. SHE was a victim of the OPM breach. We were BOTH victims of the Anthem (Health Insurance Company) breach. The result? We had some unkonwn entity e-file for a federal income tax refund using my Social Security Number. The ...
by steve roy
Fri Jun 19, 2015 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Why Bay Area real estate is so expensive
Replies: 12
Views: 2003

Re: Why Bay Area real estate is so expensive

drawpoker wrote:Same thing with Arlington VA. The city and county are one in the same.

What's your point?


Interesting factoid. But you're right. A non-sequitor.
by steve roy
Fri Jun 19, 2015 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Why Bay Area real estate is so expensive
Replies: 12
Views: 2003

Re: Why Bay Area real estate is so expensive

Interesting factoid: County of San Francisco and City of San Francisco occupy the exact same geography.
by steve roy
Fri Jun 19, 2015 2:00 pm
Forum: Personal Consumer Issues
Topic: Your Top 10 Bands and Top 10 Movies
Replies: 30
Views: 3522

Re: Your Top 10 Bands and Top 10 Movies

The Seven Samarai Yojimbo How Green Was My Valley She Wore a Yellow Ribbon The Sea Hawk Dr. Strangelove It's A Wonderful Life His Girl Friday Something Wild (The above would probably change ... depending on the day, the tides, the phase of the moon. But the listed flicks are all movies I have loved.)
by steve roy
Fri Jun 19, 2015 1:47 pm
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 158
Views: 12306

Re: OPM breach and credit freeze

The wife and I own two-fers in the "victims of hackery" department. SHE was a victim of the OPM breach. We were BOTH victims of the Anthem (Health Insurance Company) breach. The result? We had some unkonwn entity e-file for a federal income tax refund using my Social Security Number. The r...
by steve roy
Sun Jun 07, 2015 8:16 pm
Forum: Investing - Theory, News & General
Topic: Fidelity study identifies the most successful investors!
Replies: 34
Views: 4418

Re: Fidelity study identifies the most successful investors!

When Elvis keeled over in his early forties, the wags said, "Good career move."

They were right. He's worth way more now than in the last five years of his actual life.
by steve roy
Sun Jun 07, 2015 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Corporate versus Treasury bonds
Replies: 4
Views: 419

Re: Corporate versus Treasury bonds

Short term bonds' value don't fall as much as longer term because their time to redemption is shorter. I think of interest rates and bonds as opposite ends of a teeter totter. Interest rates go UP, and the face value of lower interest bonds go DOWN, because who's going to pay for a lower paying old ...
by steve roy
Sat Jun 06, 2015 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay $150 In Taxes On $150000 Income
Replies: 37
Views: 6911

Re: How to pay $150 In Taxes On $150000 Income

http://rootofgood.com/make-six-figure-income-pay-no-tax/ I never thought this could be done, but here it is. My thoughts: Wish I had access to a 457. It helps to have three young kids. It helps to have income split between two earners instead of one person making all the money. He's retired but his...
by steve roy
Sat Jun 06, 2015 5:21 pm
Forum: Investing - Theory, News & General
Topic: Fidelity study identifies the most successful investors!
Replies: 34
Views: 4418

Re: Fidelity study identifies the most successful investors!

Barry Ritholtz did a podcast some months ago where this study (or one like it) was brought up. Ever since, I have strived to manage my portfolio as if I were dead.

So far, so good.
by steve roy
Sat Jun 06, 2015 3:17 pm
Forum: Investing - Theory, News & General
Topic: "Do You Know How Much You're Paying?"
Replies: 44
Views: 6642

Re: "Do You Know How Much You're Paying?"

The Mrs. and I were paying 12 basis points for our Vanguard portfolio, then the Mrs. took her slice of the pie (28% ) and took it to her old TSP where the costs are around 3 basis points. So I guesstimate that, all in, we are now at 8 or 9 basis points, and aim to drag it lower over the next couple ...
by steve roy
Thu Jun 04, 2015 2:44 pm
Forum: Investing - Theory, News & General
Topic: If SCV has higher returns over time, why is market concentration there so low?
Replies: 21
Views: 1798

Re: If SCV has higher returns over time, why is market concentration there so low?

Small caps don't forever stay small cap. A company is founded, a company grows (and stops being "small cap"), maybe languishes, maybe goes belly up. We're talking about highly perishable entities. Two examples. Fleischer Animation Studios (founded by Max and Dave Fleischer) was the pre-emi...
by steve roy
Wed Jun 03, 2015 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: The Ultimate Buy and Hold Portfolio - Do I Need All These Funds?
Replies: 23
Views: 2990

Re: The Ultimate Buy and Hold Portfolio - Do I Need All These Funds?

Have you seen the simplified version?

viewtopic.php?t=38374

I follow a version of the above. I'm overweighted in small cap, value, and short-term bonds.
by steve roy
Mon Jun 01, 2015 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Mess - Please Help To Get on Track
Replies: 16
Views: 1229

Re: Portfolio Mess - Please Help To Get on Track

Me, I would pare what you have down to broad-based, low-cost stock funds. You need about five or six funds (max) to get yourself organized and started on a simplified path. I would roll the old 401(k) ("His 1st") over to an IRA-rollover at Vanguard and focus on costs and wide diversificati...
by steve roy
Sun May 31, 2015 11:36 am
Forum: Investing - Theory, News & General
Topic: Clements blog-dividend stocks for retirement income
Replies: 58
Views: 5308

Re: Clements blog-dividend stocks for retirement income

Count me in as a member of the anti-dividend cult. Yes, but your comments are always gentlemanly. You have been respectful to those who disagree with you. Even I am telling people to not chase dividend yield. I have usually found that gentlemanly discourse rarely involves people accusing each other...
by steve roy
Sun May 31, 2015 10:10 am
Forum: Investing - Theory, News & General
Topic: International bonds - VTIBX - bubble, short, stay
Replies: 14
Views: 1379

Re: International bonds - VTIBX - bubble, short, stay

Have a little of the Vanguard International Bond index fund - VTIBX - https://personal.vanguard.com/us/funds/snapshot?FundId=1231&FundIntExt=INT and just saw this Bill Gross article about concern over Germany bunds... http://finance.yahoo.com/news/bill-gross-short-lifetime-144103525.html Do his...
by steve roy
Fri May 29, 2015 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: Home Equity as part of your Net Worth?
Replies: 25
Views: 2824

Re: Home Equity as part of your Net Worth?

Welll ... if your friend lived in California, his property taxes wouldn't go up with rising valuations. And though the state DOES have income taxes, if he's got no job, he's got no income. So no taxes!

Win-win.
by steve roy
Fri May 29, 2015 11:21 pm
Forum: Investing - Theory, News & General
Topic: International Bond Fund - Updated Thoughts
Replies: 28
Views: 2390

Re: International Bond Fund - Updated Thoughts

I'm skeptical of the need for foreign bonds. (Want foreign exposure? Do it on the equity side.) Last year, a Bogleheads panelist pointed out thatVanguard execs said several years ago that they were mulling the launch of a foreign bond fund due to "customer demand." Maybe they've since chan...
by steve roy
Fri May 29, 2015 2:51 pm
Forum: Investing - Theory, News & General
Topic: Help me simply understand why Bonds now?
Replies: 32
Views: 2973

Re: Help me simply understand why Bonds now?

Steve Roy? If you had made one lump sum acquisition into both intermediate and long term bond funds only last February, how would feel now looking forward 5 - 10 years? Long term bonds would scare me to death. My bond duration is 3.7 years, split between VG intermediate-term bond index, short-term ...
by steve roy
Fri May 29, 2015 1:48 pm
Forum: Investing - Theory, News & General
Topic: Help me simply understand why Bonds now?
Replies: 32
Views: 2973

Re: Help me simply understand why Bonds now?

Depends on the bond fund. Short-term bonds won't fall much; longer bond funds will. BUT, interest rates fluctuate or decline, then longer term bond funds are the instruments to own. Decisions, decisions. Me, I have short duration bonds and recognize that in this environment I get lower returns. But ...
by steve roy
Fri May 29, 2015 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: How shall I adjust my portfolio
Replies: 10
Views: 772

Re: How shall I adjust my portfolio

A suggestion for your 401(k);

Go with S & P 500 Index, the Non-U.S. Equity Index, and Intermediate bond index. These have lower costs; everything else seems relatively pricey.
by steve roy
Thu May 28, 2015 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Tax-Effective Retirement Distibution Strategy Advice Requested
Replies: 26
Views: 1882

Re: Tax-Effective Retirement Distibution Strategy Advice Requested

My real life strategy: We've got a biggish tax-deferred accounts, smallish investment account; we're a two-private pension family with SS deferred until 70. We will be retiring in early '17. Have no plans to convert traditional IRA to Roth. We would have a bit of a window in 2017-2018, but I don't p...
by steve roy
Tue May 26, 2015 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: A Lesson [in Portfolio Simplicity]
Replies: 13
Views: 3129

Re: A Lesson [in Portfolio Simplicity]

My take-away from this is: I tilted value (a la Swedroe, livesoft, others here) and it panned out. I shortened my bond duration, fearing interest rate hikes, and it didn't (yet) pan out. And staythecourse is right that I'm not comparing apples to apples. I have different funds inside a Conservative ...
by steve roy
Mon May 25, 2015 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: A Lesson [in Portfolio Simplicity]
Replies: 13
Views: 3129

Re: A Lesson [in Portfolio Simplicity]

I think randomguy nails it. The under-performance was/is due to my large allocations of short term nominal bonds (Vanguard Short Term Bond Index) and short-term TIPS. (20% of the portfolio.) The fear of a big interest-rate jump, thus far unrealized, ultimately resulted in the allocation's short fall...
by steve roy
Mon May 25, 2015 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: A Lesson [in Portfolio Simplicity]
Replies: 13
Views: 3129

A Lesson [in Portfolio Simplicity]

I've been a slice-and-dicer for some time now. I listen to Swedroe. I listen to Taylor Larimore. I pay close attention to Dr. Bernstein. I mash bits and pieces of each of these gurus together and get ... the portfolio I own. (Eclectic, that's me.) I've got a bunch of different Vanguard funds, and wh...
by steve roy
Sat May 23, 2015 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio for maxed long-term return
Replies: 5
Views: 959

Re: Portfolio for maxed long-term return

You have a stock-bond allocation similar to the 90% stocks/10% bonds of the 2050 Target Date Fund, the difference being that the Target Date goes with two stock funds that are cap weighted, and you go with equal weightings for small caps, mid caps, and large caps, with a value tilt. And you throw RE...
by steve roy
Sat May 23, 2015 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Do I really need International equities in my portfolio ?
Replies: 87
Views: 6790

Re: Do I really need International equities in my portfolio ?

Do you really need international equities in your portfolio?

Come back in twenty years, I'll let you know.
by steve roy
Sat May 23, 2015 5:14 pm
Forum: Investing - Theory, News & General
Topic: Are Bond ETFs a bad idea?
Replies: 43
Views: 3210

Re: Are Bond ETFs a bad idea?

You want more international, take it on the equity side.

Last year I heard a former VG exec concede that "investor demand" was what drove the creation of an international bond fund at Vanguard.
by steve roy
Sat May 23, 2015 2:30 pm
Forum: Investing - Theory, News & General
Topic: Advice from John Bogle and Warren Buffett
Replies: 35
Views: 2974

Re: advice from John Bogle and Warren Buffett

There are a variety of asset allocations that will get you where you want/need to go. A three fund portfolio can work. A six fund portfolio will be okay. A small cap value tilt might be just ducky over the next 19.5 years. But nobody, and I mean NOBODY, can predict which AA will work best. So pick a...
by steve roy
Thu May 21, 2015 9:57 am
Forum: Investing - Theory, News & General
Topic: The Latest Attack on Index Funds
Replies: 7
Views: 1259

Re: The Latest Attack on Index Funds

No reference to the enduring under-performance of actively managed funds.

There's a surprise.
by steve roy
Sun May 17, 2015 7:55 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 118
Views: 9880

Re: What's so great about simplicity?

My portfolio (mainly Vanguard funds) isn't particularly simple. I've got a bunch of bond funds. I've got a multiplicity of stock funds. Although I'm mostly in index funds, I've got my share of active funds: Wellesley, Intermediate Tax Exempt bonds, etc. The abundance of funds doesn't bother me. I lo...
by steve roy
Sun May 17, 2015 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Maintaining AA in VG LifeStrategy Income Fund
Replies: 3
Views: 335

Re: Maintaining AA in VG LifeStrategy Income Fund

I don't think any of Vanguard's Lifestrategy funds had problems in '08-'09. As a practical matter, I can't imagine conservative funds having outflow difficulties in a major downturn. (People would be pounding on the steel-plated door to get IN.) I haven't studied the prospectus, but to satisfy redem...
by steve roy
Thu May 14, 2015 1:10 pm
Forum: Investing - Theory, News & General
Topic: CNBC Article...Active managers beating the market! (Well, almost)
Replies: 6
Views: 721

Re: CNBC Article...Active managers beating the market! (Well, almost)

Yeah, hm hm. Active Managers Outperforming their Indexes! Read All About It! And then, when you read, you note that a majority of active managers are STILL under-performing the indexes ... in this great year for active managers. And we know what a crappy year for active managers looks like. 80% unde...
by steve roy
Wed May 13, 2015 7:29 pm
Forum: Personal Consumer Issues
Topic: How to suggest downsizing to Parent
Replies: 23
Views: 2631

Re: How to suggest downsizing to Parent

My mother, in her late eighties, refused to stop driving or leave her house, though it was as clear as a Mojve sunrise that her cognitive abilities were in decline. My brother wrote the DMV at her doctor's suggestion and she was called in for new testing. Which she passed. The doc was amazed. But th...
by steve roy
Sun May 03, 2015 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving our financial advisor over a period of months
Replies: 33
Views: 2756

Re: Leaving our financial advisor over a period of months

I've done this sort of thing four times. Thrice professionally -- changing the administrator of a mid-size 401(k) Plan (I'm a trustee), and once personally with a financial advisor. In each instance I told the financial advisor/company representative why* the departure was taking place, made it clea...
by steve roy
Sun May 03, 2015 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving our financial advisor over a period of months
Replies: 33
Views: 2756

Re: Leaving our financial advisor over a period of months

I've done this sort of thing four times. Thrice professionally -- changing the administrator of a mid-size 401(k) Plan (I'm a trustee), and once personally with a financial advisor. In each instance I told the financial advisor/company representative why* the departure was taking place, made it clea...
by steve roy
Sat May 02, 2015 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Everyone is saying to get out of Bond Funds? Ignore?
Replies: 41
Views: 5170

Re: Everyone is saying to get out of Bond Funds? Ignore?

Most of the financial people I listen to (even the ones I respect who have their head on straight) are saying that being in Bond funds right now is a bad idea. I really like the idea of staying the course and the avoidance of Market timing. The reason for this is usually clear in the world of equit...
by steve roy
Sat Apr 25, 2015 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Please sanity check my new asset allocation plan
Replies: 5
Views: 668

Re: Please sanity check my new asset allocation plan

I'll second Duckie's endorsement. I think most of us overthink our AA, so you're tilting to a broad-market stance and jettisoning the sector investing is a good thing.

And yeah, see if you can refi with a lower interest home loan.
by steve roy
Sat Apr 25, 2015 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Portfolio + Tax Concerns
Replies: 13
Views: 927

Re: Vanguard Portfolio + Tax Concerns

Others will likely have other input, but here's mine: In your traditional IRA, the Vanguard S & P 500 and Vanguard Total Stock Market indexes are pretty much the same thing. Me, I would ditch the 500 fund and merge the $117k with the $145k (Total Stock Market). Overall, you can simplify a bit by...
by steve roy
Sat Apr 25, 2015 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is the 1% Cost of Managing Money Worth It?
Replies: 53
Views: 4999

Re: Is the 1% Cost of Managing Money Worth It?

My take: The main reason to have a Financial Advisor is to have somebody to talk you out of stupid, panicky decisions. Most people would be adequately-served selecting a Life Strategy or Target Date Fund and leaving things at that, no advisors required. Sadly, some among us have difficulty maintaini...

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