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How indexing let these retirees live footloose and fancyfree

From a Globe and Mail article http://www.theglobeandmail.com/globe-investor/investment-ideas/strategy-lab/index-investing/how-indexing-helped-these-retirees-live-footloose-and-fancy-free/article19663633/ Apparently they retired in 1991 at age 38 with $500,000 in index funds and have been living happ...
by texasdiver
Tue Jul 22, 2014 1:14 am
 
Forum: Investing - Theory, News & General
Topic: How indexing let these retirees live footloose and fancyfree
Replies: 6
Views: 385

Re: Which kind of bike for recent retiree?

I'm sure your Brooks fits you like an old pair of shoes, but you ride a lot, so how long was the break-in period, 10,000 miles? I do ride a lot. The break-in period was a couple weeks and somewhat painful, in that, my rear-end was sore during that time. I wouldn't want to have to do it again. Thoug...
by texasdiver
Mon Jul 21, 2014 12:40 am
 
Forum: Personal Consumer Issues
Topic: Which kind of bike for recent retiree?
Replies: 48
Views: 2336

Re: Which kind of bike for recent retiree?

I think riding more upright simply compresses your spine more and is more dangerous for your vertebrae especially when going over bumps. A bent-over position is better for your spine, helps distribute your weight between the two wheels, and also helps to take your weight off your saddle. Of course,...
by texasdiver
Sun Jul 20, 2014 1:07 pm
 
Forum: Personal Consumer Issues
Topic: Which kind of bike for recent retiree?
Replies: 48
Views: 2336

Re: Which kind of bike for recent retiree?

Not retired but I've hit 50 and have 10 bikes in the garage, 4 of which are mine. Most important question to answer before you bike shop is how will you use your bike. Will you use it for recreation or transportation? Recreation: This would be fitness rides on local bike paths and country roads, sol...
by texasdiver
Sun Jul 20, 2014 12:51 pm
 
Forum: Personal Consumer Issues
Topic: Which kind of bike for recent retiree?
Replies: 48
Views: 2336

Re: Second Largest PreK-12 School District Wins a 457b award

I guess it is only laudable by contrast to the worse options that this plan replaced. However here in Texas I can invest my 403(b) funds directly with Vanguard, Fidelity, and TIAA CREF at no additional cost other than the expense ratios of the underlying funds. I have all of my Texas 403(b) funds in...
by texasdiver
Sat Jul 19, 2014 1:22 am
 
Forum: Investing - Theory, News & General
Topic: Second Largest PreK-12 School District Wins a 457b award!
Replies: 11
Views: 879

Re: Ways to lose money and destroy personal wealth by invest

Believing there is a shortcut to wealth. I can't remember how many different relatives of mine have gotten robbed blind by scam artists selling the latest get rich quick scheme at conference rooms in seedy suburban hotels. Fly by night gold mining companies Real estate development partnerships that ...
by texasdiver
Sat Jul 19, 2014 1:14 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 8954

Re: Costa Rica

Took my family there 2 years ago. This was the trip report I wrote. I can highly recommend Leaves and Lizards resort but you will also want some beach time too

http://www.tripadvisor.com/ShowTopic-g2 ... _Rica.html
by texasdiver
Tue Jul 15, 2014 4:19 pm
 
Forum: Personal Consumer Issues
Topic: Costa Rica
Replies: 11
Views: 1700

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Encla

We are going through the same decision process and have settled on a new highlander to replace our aging 2004 Sienna that has 260,000 miles. It seems the most reliable and fuel efficient option in a 7 passenger that will tow our 3,000 lb popup and be a pleasant and efficient commuter for my wife. Th...
by texasdiver
Mon Jul 14, 2014 3:35 pm
 
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 55
Views: 3988

Re: Buying a camper

By the way. Every camper requires setup. If you have a hard sided camper you will still be fussing around to level it, connect the hookups, deploy the awning, unpack the interior from the towing configuration and so forth. Yes, the popup does add some time but not that much. I would estimate my popu...
by texasdiver
Mon Jul 14, 2014 2:23 pm
 
Forum: Personal Consumer Issues
Topic: Buying a camper
Replies: 26
Views: 2427

Re: Buying a camper

I camp with a Fleetwood Arcadia popup which is about the largest popup on the market. I pull it with a Toyota Sienna and have hauled it to a huge number of places with in about a 800 mile radius of Central Texas from Carlesbad NM to Destin FL which is mostly flat highway driving except for the Ozark...
by texasdiver
Mon Jul 14, 2014 1:26 pm
 
Forum: Personal Consumer Issues
Topic: Buying a camper
Replies: 26
Views: 2427

Re: Birthday gift for a 10 year old girl

As a parent of 3 girls ages 8, 11, and 16 I have some thoughts on this topic First of all, our younger girls get our hand me down iPhones when we upgrade to new ones. An iPhone that no longer has cell service is basically an iPod. The kids can do everything on them except actually make phone calls a...
by texasdiver
Sun Jul 13, 2014 8:59 pm
 
Forum: Personal Consumer Issues
Topic: Birthday gift for a 10 year old girl
Replies: 28
Views: 1429

Re: Have you quit your job because of your boss?

You don't mention what level of government you work in...federal, state, or local. Or how large your agency is. Is there any chance that you can transfer to a different office or division within your current agency? My experience in the Federql government was that it was pretty easy to move around o...
by texasdiver
Sun Jul 13, 2014 1:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Have you quit your job because of your boss?
Replies: 66
Views: 7038

Re: POLL: Walmart vs Amazon

I voted amazon but they aren't really comparable. There are very few things that I purchase that are available at both stores. Consumer electronics, computer peripherals, specialty tools, books, some unique clothing items I buy at Amazon and it is unlikely that the same exact items are even availabl...
by texasdiver
Sat Jul 12, 2014 11:39 am
 
Forum: Personal Consumer Issues
Topic: POLL: Walmart vs Amazon
Replies: 137
Views: 7885

Re: SAT preparation

I just took a whirlwind tour college visit tour with my daughter who is also a junior-to-be. We visited 7 public universities throughout the south in Texas, Arkansas, Louisiana, Alabama, and Florida. What I discovered is that pretty much every one of these universities has academic scholarships that...
by texasdiver
Sat Jul 12, 2014 10:02 am
 
Forum: Personal Consumer Issues
Topic: SAT preparation
Replies: 30
Views: 2253

Re: Want international exposure? You already have it.

Of course the converse is also true. I gain a lot of additional exposure to the US economy by buying international equities.

Toyota
BP
HSBC
Samsung
Hyundai
Shell
Honda
Nissan
AstraZeneca
Nestlé
by texasdiver
Sat Jul 05, 2014 5:52 pm
 
Forum: Investing - Theory, News & General
Topic: Want international exposure? You already have it.
Replies: 65
Views: 6278

Re: Vanguard Managed Payout Fund (VPGDX)

So is it possible to have vanguard turn any fund into a managed payout fund? The only thing unique about this fund seems to be the payout. For example, could I put my elderly mother into something like their Conservative Growth lifestyle fund which is 40/60 equity/fixed or something like Wellesley a...
by texasdiver
Fri Jul 04, 2014 2:07 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Managed Payout Fund (VPGDX)
Replies: 40
Views: 2638

Re: Continue subscribing to local newspaper?

I read my local paper online and subscribe to the. NYT online which is the only news site I actually pay for. My local paper was recently bought by a an arch conservative local millionaire who has scrubbed out most of the good local columnists and reporters that provided intelligent local content an...
by texasdiver
Fri Jul 04, 2014 1:48 pm
 
Forum: Personal Consumer Issues
Topic: Continue subscribing to local newspaper?
Replies: 86
Views: 6038

Re: favorite mid/low-priced Caribbean locale?

Caye Caulker, Belize This place is nice: http://www.seadreamsbelize.com Caye Caulker is very much away from the beaten path of the cruise ship circuit. Great scuba diving and a very relaxing small island to visit. i've been hearing great things about belize..... apparently english is the primary la...
by texasdiver
Fri Jul 04, 2014 1:37 pm
 
Forum: Personal Consumer Issues
Topic: favorite mid/low-priced Caribbean locale?
Replies: 30
Views: 3236

Re: Do Wellesley's Equities Outperform?

I have my wife's profit sharing account invested 100% in Wellington. Not because I especially believe in their secret sauce but because: 1. It is the cheapest way to get some bond exposure in that account. The only other bond option is PIMCO with much higher fees 2. Wellington has the lowest ER of a...
by texasdiver
Fri Jul 04, 2014 12:25 am
 
Forum: Investing - Theory, News & General
Topic: Do Wellesley's Equities Outperform?
Replies: 41
Views: 4773

Re: NY Times: Not enough younger investment advisors

I think the real answer to this question is the same as why there are fewer independent bookstores, hardware stores, tailors, butcher shops and so forth these days. Barnes and Noble wiped out the local bookstores and now Amazon is wiping them out Wal-mart and Home Depot wiped out the local hardware ...
by texasdiver
Tue Jul 01, 2014 5:49 pm
 
Forum: Investing - Theory, News & General
Topic: NY Times: Not enough younger investment advisors
Replies: 72
Views: 7145

Re: The Truth Hurts: CNBC

Something is missing from the story. How does one accumulate $5 million without knowing how to save and budget? Sounds more like someone who inherited the wealth from a parent or spouse or divorce settlement and has never had to learn what a dollar is worth or how to manage it. Just how many invest...
by texasdiver
Tue Jul 01, 2014 5:24 pm
 
Forum: Investing - Theory, News & General
Topic: The Truth Hurts: CNBC
Replies: 17
Views: 3492

Re: Trick question for new investors.

What's tricky about it?

Naturally one wants to buy low and sell high.
by texasdiver
Tue Jul 01, 2014 5:04 pm
 
Forum: Investing - Theory, News & General
Topic: Trick question for new investors.
Replies: 25
Views: 2068

Re: Building a home

My parents have. In my experience costs are as follows

Building > buying new > buying used.

Even after the builder turns over the keys to a house you built or bought new there are an astonishing number of things to spend money on from landscaping to finishing out the interior furnishings.
by texasdiver
Tue Jul 01, 2014 5:00 pm
 
Forum: Personal Consumer Issues
Topic: Building a home
Replies: 17
Views: 1489

Re: The Truth Hurts: CNBC

Something is missing from the story. How does one accumulate $5 million without knowing how to save and budget?

Sounds more like someone who inherited the wealth from a parent or spouse or divorce settlement and has never had to learn what a dollar is worth or how to manage it.
by texasdiver
Tue Jul 01, 2014 2:48 pm
 
Forum: Investing - Theory, News & General
Topic: The Truth Hurts: CNBC
Replies: 17
Views: 3492

Re: Anyone Actually Using Quicken on a Mac?

I have a new iMac on my desk that I use for most computing purposes. Sitting beside it is the older Dell that it replaced that I keep there mainly for quicken and taxes and financial record keeping. Because it still works perfectly good for that. I think I'm running Quicken 2012 right now. Been thro...
by texasdiver
Tue Jul 01, 2014 2:26 pm
 
Forum: Personal Consumer Issues
Topic: Anyone Actually Using Quicken on a Mac?
Replies: 14
Views: 969

Re: do you lie about your finances to friends

My wife and I are an ordinary upper-middle class family of 5 who have done the ordinary prudent things of living within our means, maximizing our savings, and going about our affairs in a middle of the road bogleheadish way. Basically the things that one would expect most people in our position to d...
by texasdiver
Tue Jul 01, 2014 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: do you lie about your finances to friends
Replies: 103
Views: 8790

Re: Washington state retirees?

If you want cycling in the Seattle area you should take a look at this blog by Jan Heine, the guy who publishes Bicycle Quarterly and owns Compass Cycles:


http://janheine.wordpress.com

He has written about some really off the beaten path rides in the Puget Sound area.
by texasdiver
Mon Jun 30, 2014 1:13 pm
 
Forum: Personal Consumer Issues
Topic: Washington state retirees?
Replies: 29
Views: 1713

Re: Breastfeeding and baby formula

Hi all, My wife is having trouble pumping sufficient breast milk each day to satisfy our newborn's needs. As a result, we're going to have to supplement with formula. A few questions for the crowd, particularly new parents: 1) What is the cheapest way to get Enfamil / Similac liquid formula? I'm wo...
by texasdiver
Mon Jun 30, 2014 1:08 pm
 
Forum: Personal Consumer Issues
Topic: Breastfeeding and baby formula
Replies: 24
Views: 1225

Re: WSJ article on ROTH 401K's vs Traditional

What always gives me pause when I read these discussions is that income during the earning phase of life is treated the same as income during the withdrawal phase. While the IRS may treat them the same, they are not the same thing at all. During the earning and saving phase of my life, every dollar ...
by texasdiver
Mon Jun 30, 2014 11:03 am
 
Forum: Investing - Theory, News & General
Topic: WSJ article on ROTH 401K's vs Traditional
Replies: 48
Views: 4406

Re: Better than index funds: Buy a conglomerate’s stock

I don't understand the comparison at all. Vanguard or any other index fund acquires shares in companies on a daily basis at market prices when growing and sells shares in companies on a daily basis at market prices if shrinking. There are thousands of transactions happening every day in both directi...
by texasdiver
Mon Jun 30, 2014 10:28 am
 
Forum: Investing - Theory, News & General
Topic: Better than index funds: Buy a conglomerate’s stock
Replies: 27
Views: 3354

Re: Please help us decide where to live

Congrats on the decision. I've always thought Boise looked appealing. Definitely post back and let us know how you like it. Also, considering that hardly anyone mentioned Boise, but tons of people recommended SLC, you may want to do a short term rental in Boise and make a few trips to SLC and compa...
by texasdiver
Mon Jun 30, 2014 10:02 am
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 7733

Re: Washington state retirees?

La Connor or Whidbey Island. A bit further away are Port Townsend and Sequium.
by texasdiver
Sun Jun 29, 2014 5:10 pm
 
Forum: Personal Consumer Issues
Topic: Washington state retirees?
Replies: 29
Views: 1713

Re: Kindle - Which one to buy?

If you EVER read in bed you want the paperwhite. It is awesome to never worry about bedside lights or bothering the spouse. Save the money and get the version with ads. They are unobtrusive and only for books and only appear on the lock screen before you swipe to unlock--never when you are reading. ...
by texasdiver
Sun Jun 29, 2014 5:06 pm
 
Forum: Personal Consumer Issues
Topic: Kindle - Which one to buy?
Replies: 36
Views: 2003

Re: favorite mid/low-priced Caribbean locale?

Caye Caulker, Belize

This place is nice: http://www.seadreamsbelize.com

Caye Caulker is very much away from the beaten path of the cruise ship circuit. Great scuba diving and a very relaxing small island to visit.
by texasdiver
Sat Jun 28, 2014 7:47 pm
 
Forum: Personal Consumer Issues
Topic: favorite mid/low-priced Caribbean locale?
Replies: 30
Views: 3236

Re: Article: bonds pensions SS

Not on my watch. Just my two centimos, on our side of the house we have four checks (pension X 2, social security X 2), not counted in any way as part of our investment portfolio. Those four checks are nice to have (awesome income) but are not part of our allocation. Now, we do count our equity mut...
by texasdiver
Thu Jun 26, 2014 11:28 pm
 
Forum: Investing - Theory, News & General
Topic: Article: bonds pensions SS
Replies: 49
Views: 3142

Re: Please help us decide where to live

Get an airstream and become tech nomads for a year of touring the US and you'll eventually find your place. I'm more familiar with the west. In addition to Bend and Fort Collins I'd also look at Las Cruces, Medford, Wenatchee, Bellingham, Olympia, and Coeur D'Alene. Kind of depends on whether you wa...
by texasdiver
Thu Jun 26, 2014 5:40 pm
 
Forum: Personal Consumer Issues
Topic: Please help us decide where to live
Replies: 169
Views: 7733

Re: Article: bonds pensions SS

Being entitled to X-amount of social security income is certainly better than not having that entitlement. Owning 500,000 in home equity is certainly better than owning no home equity or worse yet....being underwater Any realistic appraisal of ones retirement needs has to take these into account. Th...
by texasdiver
Wed Jun 25, 2014 9:54 pm
 
Forum: Investing - Theory, News & General
Topic: Article: bonds pensions SS
Replies: 49
Views: 3142

Re: Merton: 401(k) retirement plans face crisis

In essence, Merton seems to be saying that at a minimum retirement accounts should be disclosing what level of income a certain account balance will throw off. Kind of like how social security used to send to those statements with that information. I expect such information would be an eye opening e...
by texasdiver
Wed Jun 25, 2014 9:36 pm
 
Forum: Investing - Theory, News & General
Topic: Merton: 401(k) retirement plans face crisis
Replies: 188
Views: 16608

Re: Best way to send money quickly to parents in Florence, I

Yes to western union or Amex My wife and I travel a lot to Latin America with our kids. To deal with this sort of thing I have implemented the following steps 1. All of our relevant travel docs are scanned and stored in my Dropbox including passports, drivers licenses, birth certificates, insurance ...
by texasdiver
Tue Jun 24, 2014 9:46 pm
 
Forum: Personal Consumer Issues
Topic: Best way to send money quickly to parents in Florence, Italy
Replies: 18
Views: 1496

Re: Pool fence installation?

There are 2 different kids of fences being discussed here. I have dealt with both. The first kind of fence is the aluminum perimeter fence. I put one of these in myself at my last house with my dad's help. Biggest part of the task was drilling the holes in our hard texas soil. I rented an auger for ...
by texasdiver
Tue Jun 24, 2014 7:40 pm
 
Forum: Personal Consumer Issues
Topic: Pool fence installation?
Replies: 13
Views: 776

Re: Pool Maintenance Cost

They aren't free but I not sure how you guys are spending multiple thousands per year. I have a medium size pool in central Texas. It is about 25,000 gallons. I buy the chlorine tablets and shock chemicals at Costco and use up about $400 worth of chemicals per year. I'd guess. The diatomaceous earth...
by texasdiver
Tue Jun 24, 2014 7:14 pm
 
Forum: Personal Consumer Issues
Topic: Pool Maintenance Cost
Replies: 14
Views: 1190

Re: Should international travel impact your investments?

I travel to Chile every year. What do I see driving around Santiago? Exxon, BP, Apple, Microsoft, IBM, Samsung, Toyota, Ford, GM, Honda, Chase, BNP, HSBC, Hilton, Marriott, Sheraton, Starbucks, McDonalds, Coca Cola, Michelin, etc. etc. International travel to any location more modern than Equatorial...
by texasdiver
Thu Jun 19, 2014 2:58 pm
 
Forum: Investing - Theory, News & General
Topic: Should international travel impact your investments?
Replies: 30
Views: 1844

Re: Argentine Certificate of Deposit

I was in Argentina during the 2000-2001 crisis. Back then the peso was pegged to the dollar and one could withdraw pesos or dollars from ATMs on a 1-1 basis. It didn't matter which you took out or used. Until one day you couldn't. When the smoke cleared people were left with pennies on the dollar in...
by texasdiver
Thu Jun 19, 2014 2:38 pm
 
Forum: Investing - Theory, News & General
Topic: Argentine Certificate of Deposit
Replies: 19
Views: 881

Re: Calling all Cyclists... [help getting into cycling]

A back injury has put my running career on hold. I'm thinking that is a good thing. Got back on the bike again and I'm really enjoying it. Just looking for any advice, tips, gear, that will make my ride more enjoyable. Not looking to break the bank, just looking to add more joy to my rides. 1. Find...
by texasdiver
Tue Jun 17, 2014 2:24 pm
 
Forum: Personal Consumer Issues
Topic: Calling all Cyclists... [help getting into cycling]
Replies: 71
Views: 5068

Re: Bloomberg article on 401(k) rollover scam

When he retired in 2009, Beal invested $320,000 in variable annuities and REITs, rolled over from his pension and 401(k). He has since lost $60,000 because of a decline in the REITs’ value, said Frank Sommers of Sommers & Schwartz LLP in San Francisco, who represents 17 of Tarr’s former clients...
by texasdiver
Tue Jun 17, 2014 10:56 am
 
Forum: Investing - Theory, News & General
Topic: Bloomberg article on 401(k) rollover scam
Replies: 10
Views: 1277

Re: Help with smoky condo sought

Is this a rental or did you buy it? I recently bought one of these ozone generators. http://www.amazon.com/gp/product/B0083UIXLW The price is reasonable and it works well. For someone in your extreme situation I would think buying one is the way to go. You can use them anywhere. They work well to d...
by texasdiver
Sat Jun 14, 2014 12:32 pm
 
Forum: Personal Consumer Issues
Topic: Help with smoky condo sought
Replies: 15
Views: 1458

Re: The Biology of Risk

There is a whole rich field of risk assessment and a lot of studies out there showing how people perceive risk in distorted ways. Mostly it has to do with risk to health and safety rather than financial risk but I suspect there are parallels. For example, modern American parents are obsessed with a ...
by texasdiver
Wed Jun 11, 2014 11:55 am
 
Forum: Investing - Theory, News & General
Topic: The Biology of Risk
Replies: 91
Views: 4290

Re: Why US over International?

While it is true that US companies have substantial international exposure, the converse is also true....international companies have substantial US exposure. Here is a list of the top 10 companies in the Vanguard Total Int'l Stock Market: Nestle Roche (Pharmaceuticals) Novartis (Pharmaceuticals) HS...
by texasdiver
Tue Jun 10, 2014 11:11 am
 
Forum: Investing - Theory, News & General
Topic: Why US over International?
Replies: 15
Views: 1619

Re: Mathematical strategies for stock-bond asset allocations

I tried to read your article.

How is what you are proposing different from any other math-based market timing strategy?

What does your math say my stock-bond asset allocation should be today?
by texasdiver
Tue Jun 10, 2014 10:27 am
 
Forum: Investing - Theory, News & General
Topic: Mathematical strategies for stock-bond asset allocations
Replies: 3
Views: 665

Re: Apple looks interesting right now

Yes....it looks interesting.

That's why I take a bite of apple every month when my 403(b) VTSMX contribution goes through.
by texasdiver
Tue Jun 10, 2014 10:21 am
 
Forum: Investing - Theory, News & General
Topic: Apple looks interesting right now
Replies: 35
Views: 2384
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