Search found 95 matches

by lloydbraun
Wed Jan 02, 2013 11:10 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1565276

Re: What Book Are You Currently Reading? Part V

It sounds like Schiff is ignoring the role of the Asian financial crisis and the role of the US dollar as the reserve currency when discussing why we didn't have inflation, although like most Austrian inspired writers he always thinks we're going to. You can definitely argue that the fed kept interest rates too long after the economy bounced back, which is very different than what's going on right now as the unemployment rate is still over 7.5%, but back in the early 2000s the U.S. housing bubble was also caused by foreign countries parking their short term money in the US because of the dollar's role as the reserve currency. This was especially true for investors from Asia who had just lived through a major financial crisis. I'm not sure e...
by lloydbraun
Tue Jan 01, 2013 4:09 pm
Forum: Investing - Theory, News & General
Topic: 2013 BOGLEHEAD CONTEST REGISTRATION
Replies: 481
Views: 37796

Re: 2013 BOGLEHEAD CONTEST REGISTRATION

We have a bullish group. I'm bullish over the next 10 years but I'm going to go with 1405.45.
by lloydbraun
Mon Dec 31, 2012 10:24 pm
Forum: Personal Investments
Topic: S&P 500 vs. TSM index
Replies: 9
Views: 1904

Re: S&P 500 vs. TSM index

Vinix is what I have in my 403 B and it's the same as the other Vanguard 500 but it has a lower expense ratio because it's institutional class. You can, I believe, create a completion TSM index out of VINIX, VMISX, and VSISX. Let's pretend that you were allocation 100% to creating a TSM. The following allocation would complete the index more or less accurately, depending on the year.

78% VINIX
12%VSISX
10% VMISX

I might be slightly off (1-3% points) but I'm pretty sure this is the TSM.

However, you could overweight small and medium caps and do a 70% VINIX and then 15% for the other two.
by lloydbraun
Mon Dec 31, 2012 7:55 pm
Forum: Personal Investments
Topic: S&P 500 vs. TSM index
Replies: 9
Views: 1904

Re: S&P 500 vs. TSM index

My 403 B offers Vanguard 500 and Vanguard's Extended Market and I use both to create a TSM, although I slightly overweight the latter. However, in his book "Common Sense on Mutual Funds", Bogle claims that in the long run the 500 can act as a replacement for the TSM as both tend to have nearly identical returns over long periods of time. He stresses that this is not the case in the short term. I'm not sure if the future will look like the past so I prefer to hold the entire market but I figured it was worth bringing in Bogle on this one.
by lloydbraun
Mon Dec 31, 2012 6:11 pm
Forum: Investing - Theory, News & General
Topic: New Trend [Asset Allocation]
Replies: 24
Views: 2913

Re: New Trend [Asset Allocation]

You also have to remember that Bogle recommends that you include expected social security income as part of your bond allocation, which would increase one's stock mutual fund holdings relative to bond mutual fund holdings.
by lloydbraun
Fri Dec 28, 2012 10:52 pm
Forum: US Chapters
Topic: New Denver Local Chapter Coordinator
Replies: 11
Views: 2098

Re: New Denver Local Chapter Coordinator

Sounds good, just let us know when and where. Weekends work best but I can probably swing a weeknight.
by lloydbraun
Fri Dec 28, 2012 10:48 pm
Forum: Personal Investments
Topic: NBER Study on Financial Advisors-Updated
Replies: 2
Views: 390

Re: NBER Study on Financial Advisors-Updated

Awesome, thanks for doing that!
by lloydbraun
Fri Dec 28, 2012 9:54 pm
Forum: Personal Investments
Topic: NBER Study on Financial Advisors-Updated
Replies: 2
Views: 390

NBER Study on Financial Advisors-Updated

A few minutes ago I copied and pasted part of an article but violated the forum's policy with regard to copyright (I need to make sure to read more carefully!) so I deleted and am providing a link here for those of you who are interested:

http://www.nber.org/papers/w17929

Some of the paper's main findings are that most fee based financial advisors try to point investors towards active managed funds, not passively managed funds, and that many are anti-index fund and engage in performance chasing. There's a lot more in this paper but these are some of the highlights.
by lloydbraun
Fri Dec 28, 2012 9:21 pm
Forum: Investing - Theory, News & General
Topic: NY Times article on investing over the past year
Replies: 12
Views: 2215

Re: NY Times article on investing over the past year

I agree, I only shared it because of its relevance to some of the recent threads here. I'm actually a big fan of the NY Times's economic coverage, columns, and blogs but almost always ignore anything they have regarding investing or personal finance.
by lloydbraun
Fri Dec 28, 2012 9:18 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1565276

Re: What Book Are You Currently Reading? Part V

Just read chapters 1,2,6,7, and 9 of Bogle's new book. I love, even if I don't agree with him on every issue,that he's trying to get a conversation going about creating a new national framework for retirement investing. Bogle's brief discussion on Social Security would benefit by reading the Congressional Research Service's recent report on that topic, though both were published around the same time so he can't be faulted, and I'd like a bit more discussion of his views on economics, which he hints at but doesn't make explicit. Chapter 9 is basically a re-hash of everything people here already know. Don't take my criticisms of some parts of his book as a criticism of the man or even the book as a whole, I wish I could make everyone I care a...
by lloydbraun
Fri Dec 28, 2012 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Maxed out on IRA/401K - What now?
Replies: 16
Views: 4035

Re: Maxed out on IRA/401K - What now?

This is a little off topic, but you could also ask them if they're properly insured (disability, term life if they have kids, long term care, etc.) since if they aren't they can make sure that they cover all of their insurance bases before investing money in a taxable account.
by lloydbraun
Fri Dec 28, 2012 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Maxed out on IRA/401K - What now?
Replies: 16
Views: 4035

Re: Maxed out on IRA/401K - What now?

If they don't have kids but plan to, I'm pretty sure they can start 529 accounts in their own names and then transfer them to their children's names once they're born or once they're adopted. I could also recommend some good restaurants, it sounds like they can afford to treat themselves to a one time fancy meal for their great work (I know I would!).
by lloydbraun
Fri Dec 28, 2012 9:05 pm
Forum: Investing - Theory, News & General
Topic: NY Times article on investing over the past year
Replies: 12
Views: 2215

NY Times article on investing over the past year

http://www.nytimes.com/2012/12/29/your- ... wanted=all

For people in my age range (mid 30s), all that should matter is buy and hold.
by lloydbraun
Thu Dec 27, 2012 10:48 pm
Forum: Personal Investments
Topic: Opened Schwab Roth--Interesting and Quick Story
Replies: 14
Views: 1709

Re: Opened Schwab Roth--Interesting and Quick Story

Thanks guys, I knew the difference. I should have prefaced it by saying that if for some reason my fund doesn't grow to 10K in contributions but does grow to 10K with earnings, my goal is to take out 10K sometime after 5 years if my wife and I decide we're ready for a house.
by lloydbraun
Thu Dec 27, 2012 9:09 pm
Forum: Investing - Theory, News & General
Topic: Anyone lose money in Roth?
Replies: 16
Views: 2438

Re: Anyone lose money in Roth?

I agree with a previous poster that this could be rephrased, "Have you ever lost money in an account?" There's no reason why you would lose money in a Roth vs. any other kind of account. In fact you'd be less likely to lose money in a Roth because of the tax implications in taxable accounts. I know that I lost money today in 403B as the market went down but I'm confident that it will be back and then some by 2045.
by lloydbraun
Thu Dec 27, 2012 7:58 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1565276

Re: What Book Are You Currently Reading? Part V

[quote="Valuethinker"][quote="lloydbraun"]"Exorbitant Privilege" by Barry Eichengreen (Economist and Political Scientist at UC Berkeley) , which is a brief history of the dollar's role as the reserve currency. His arguments related to the relationship of the dollar and the pound in the early 20th century and the dollar and the renminbi in the early 21st century are very interesting.[/quote]

He really is the most cogent and informed writer on international currency issues that I have found. One of the best writers of economic history.[/quote]

It's really good. I plan to read his book "Globalizing Capital" in a few days.
by lloydbraun
Thu Dec 27, 2012 6:31 pm
Forum: Personal Investments
Topic: Opened Schwab Roth--Interesting and Quick Story
Replies: 14
Views: 1709

Re: Opened Schwab Roth--Interesting and Quick Story

I think both of you are probably correct. He didn't push anything and was very pleasant, but I think it's important in those situations to always know what you're buying and why you're buying it. I know I'm preaching to the choir here! My only real issue was that there was nothing wrong with the account, someone from sales just wanted to talk to me even though I didn't request any help/advice (that's why I have this forum and the books of Bogle and Ferri!).
by lloydbraun
Thu Dec 27, 2012 5:22 pm
Forum: Investing - Theory, News & General
Topic: The "Fiscal Cliff." What to do?
Replies: 76
Views: 5511

Re: The "Fiscal Cliff." What to do?

Victoria, I can't give a detailed answer to your question out of respect for the forum's rules on political and economic policy discussions, but the congressional research service and the congressional budget office have put out reports on these issues and the consensus is that the cliff is more of a hill and that even in the worst case scenario, the long run prognosis will not be significantly altered as most middle class Americans pay less income tax than in 1980 and we know that most higher income Americans pay significantly lower rates today than in the 1990s. Neither decade was particularly terrible for investors or the economy. There's a lot of gloom and doom out there, regardless of political affiliations, but nobody is predicting th...
by lloydbraun
Thu Dec 27, 2012 5:10 pm
Forum: Investing - Theory, News & General
Topic: The "Fiscal Cliff." What to do?
Replies: 76
Views: 5511

Re: The "Fiscal Cliff." What to do?

[quote="kenyan"][quote="lloydbraun"]I'm 33 years old, I'm staying the course. In fact my wife and I are opening up Roth IRAs this week. The "fiscal cliff" is not a big deal unless nothing gets done within the next 3-6 months and even then it would likely have very little impact on developments 20-30 years down the road. In fact Ken Rogoff's and Carmen Rienhart's book on financial crises shows that even severe crises tend to have 5-10 year impacts (like the 2007-08 crisis) but countries often return to normal growth after that and the crises they talk about are far more severe than the current fiscal cliff.[/quote] Sure, Lloyd. You may look all put together on the outside, but one day all those suppressed feelin...
by lloydbraun
Thu Dec 27, 2012 5:08 pm
Forum: Personal Investments
Topic: Opened Schwab Roth--Interesting and Quick Story
Replies: 14
Views: 1709

Opened Schwab Roth--Interesting and Quick Story

My wife and I just "applied" for Schwab Roth IRAs because we can start investing in $100 increments in low-cost index funds. Vanguard's minimums are too high for us although I have my 403B funds in all Vanguard funds. Anyway, I set up both accounts and within a day received a voice mail from a Schwab investment expert saying that there were just a couple of issues that needed to be dealt with before my account could be activated. I called back and the guy, who was very nice, said that everything looks good but wanted to know if I knew how I planned to invest my money and if I needed any investment advice. I explained that I'm investing in their Intermediate Bond Index fund (.29 ER) in order to start a housing downpayment fund beca...
by lloydbraun
Thu Dec 27, 2012 4:57 pm
Forum: Investing - Theory, News & General
Topic: The "Fiscal Cliff." What to do?
Replies: 76
Views: 5511

Re: The "Fiscal Cliff." What to do?

I'm 33 years old, I'm staying the course. In fact my wife and I are opening up Roth IRAs this week. The "fiscal cliff" is not a big deal unless nothing gets done within the next 3-6 months and even then it would likely have very little impact on developments 20-30 years down the road. In fact Ken Rogoff's and Carmen Rienhart's book on financial crises shows that even severe crises tend to have 5-10 year impacts (like the 2007-08 crisis) but countries often return to normal growth after that and the crises they talk about are far more severe than the current fiscal cliff.
by lloydbraun
Fri Dec 21, 2012 7:51 pm
Forum: Investing - Theory, News & General
Topic: Tips on answering the question - What Should I Do?
Replies: 165
Views: 252705

Re: Tips on answering the question - What Should I Do?

I hadn't been to the bogleheads site in a while, although I follow its core philosophies, and just saw some of the comments on this thread. Here's the take away: Rick Ferri gives good advice (I'm a big fan of his All About Asset Allocation book) and 25% of the respondents will only ever argue with him because it's all gold, doom, and gloom for them. I just want to take the time to thank Rick for his advice, which I heeded back when he first wrote it around the time I was still in my late 20s and had just found this forum.
by lloydbraun
Fri Dec 21, 2012 3:23 pm
Forum: Personal Investments
Topic: Asset Allocation
Replies: 33
Views: 3097

Re: Asset Allocation

[quote="ruralavalon"]Your current allocation is better, in my opinion. By the way look at all accounts together as a single unified portfolio, and not just at one account in isolation.[/quote] Good advice. I do look at the accounts as one unified portfolio but I also include social security in that portfolio (this site rightly bars discussions of politics related to discussing the future of social security but let's just say that I'm not in the panic group about it). So in the future I would view my portfolio as a combination of my 403(B), Roth IRA (when I start investing in it in 2-3 years), and Social Security. I'm not sure if I would include a house in that group as I don't currently own one and when I do I plan to view it more...
by lloydbraun
Fri Dec 21, 2012 3:15 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1565276

Re: What Book Are You Currently Reading? Part V

"Exorbitant Privilege" by Barry Eichengreen (Economist and Political Scientist at UC Berkeley) , which is a brief history of the dollar's role as the reserve currency. His arguments related to the relationship of the dollar and the pound in the early 20th century and the dollar and the renminbi in the early 21st century are very interesting.
by lloydbraun
Thu Dec 20, 2012 7:35 pm
Forum: Personal Investments
Topic: Asset Allocation
Replies: 33
Views: 3097

Re: Asset Allocation

Thanks Taylor! I'm actually only 33, even if I look closer to 39 when I gain weight around the holidays, but you're 100% correct about wanting concrete evidence (my job depends on citing professional evidence so you can say I have an obsession with it). I enjoyed the article you linked and it makes a solid argument for 20-40% int'l exposure. I'll stick with my int'l exposure as all of you are suggesting. I'm glad I posted this question, I received the extra info I was looking for.
by lloydbraun
Thu Dec 20, 2012 7:01 pm
Forum: Personal Investments
Topic: Asset Allocation
Replies: 33
Views: 3097

Re: Asset Allocation

I appreciate all of the feedback so far. I do want to note that I'm not trying to build the perfect portfolio, just the simplest that will let me sleep at night and not want to adjust anything. It may be impossible but my goal is to set up an allocation that I won't change but it's not set in stone and I am definitely open to keeping my current allocation. I just want the most opinions and information as possible. Thanks again. I should also note that like Bogle I'm pretty bullish on the US vs. the rest of the developed world, at least in the ways in which the Int'l Stock Index is weighted, so all things being equal I'm more comfortable in my low cost US funds.
by lloydbraun
Thu Dec 20, 2012 6:58 pm
Forum: Personal Investments
Topic: Asset Allocation
Replies: 33
Views: 3097

Re: Asset Allocation

Which benchmarks are you comparing? Is that the case after fees? I'd love to read something on it so if you know where I can look would you please share? Thanks!
by lloydbraun
Thu Dec 20, 2012 6:51 pm
Forum: Personal Investments
Topic: Asset Allocation
Replies: 33
Views: 3097

Re: Asset Allocation

My thought process with regard to avoiding int'l diversification is that mature economies will likely tend to underperform the US in the long run, not that returns are necessarily based on economic growth, and that mature markets will tend to duplicate the type of stocks/companies the US market indexes hold. I'm not against int'l diversification, I'm just hoping to eventually limit it to 10-15% of my allocation but as Emerging Market funds and through a Roth IRA. My bond issue is more that I'd like to just keep contributing to my 403 (B) and forget about it for the next 20 years so I'm not as concerned about having a bond fund to moderate my stock allocation until I'm in my 50s. I'm not trying to be combative here, just answering the questi...
by lloydbraun
Thu Dec 20, 2012 6:28 pm
Forum: Personal Investments
Topic: Asset Allocation
Replies: 33
Views: 3097

Asset Allocation

I've posed a similar question before but I just wanted to ask if others believe my new asset allocation is a good idea. I am a 33 year old Prof. with a 403 (B) through TIAA-CREF but I have access to several Vanguard Funds (500 Index, Total Bond Market Index, Total Int'l Market Index, Extended Market Index). We have other fund options but none of them touch the Vanguard ERs. I have an 8% match if I put in 4% and I've been contributing since I became eligible about a year and a half ago. Initially I had the following allocation: 25% Vanguard 500 (.04 ER) 25% Extended Market (.12 ER) 30% Total Int'l Stock Market (.13 ER) 20% Total Bond Market Index (.10 ER After reading Bogle's updated Common Sense on Mutual Funds alongside my daily econ nerd ...
by lloydbraun
Thu Dec 20, 2012 6:10 pm
Forum: Investing - Theory, News & General
Topic: Which Boglehead writes for the Economist?
Replies: 11
Views: 2021

Re: Which Boglehead writes for the Economist?

I pointed this article out to my wife a couple of days ago when it appeared online as yet another example of low-cost, passive index funds beating actively managed funds over the long term. There was also a decent Diane Rehm episode on NPR the other day that touched in the importance of low cost index funds in 401Ks and IRAs.
by lloydbraun
Sat Dec 03, 2011 4:29 pm
Forum: Personal Consumer Issues
Topic: All Clad (Gift for Home Chef)?
Replies: 71
Views: 7913

Re: All Clad (Gift for Home Chef)?

Williams Sonoma currently has a deal where you can get a 10 and a 12 inch All Clad fry pan for only $99 with free shipping (regular $225). I think it's only for this weekend.
by lloydbraun
Sun Nov 27, 2011 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Dollar Bill vs. Dollar Coin?
Replies: 56
Views: 5513

Re: Dollar Bill vs. Dollar Coin?

http://www.npr.org/blogs/money/2011/07/ ... n-the-wild
NPR's planet money did this podcast on dollar coins a few months ago.
by lloydbraun
Sun Nov 13, 2011 10:16 pm
Forum: Personal Consumer Issues
Topic: Haircuts
Replies: 57
Views: 5063

Re: Haircuts

I pay around $35 with tip once every 5-7 weeks.
by lloydbraun
Thu Oct 13, 2011 6:22 pm
Forum: Investing - Theory, News & General
Topic: Gold's Expected Return
Replies: 97
Views: 11409

I just had to say that when I first saw this thread I thought it said "God's Expected Return". Needless to say I thought I was going to get some good info.
by lloydbraun
Fri Jun 24, 2011 2:49 am
Forum: Personal Investments
Topic: Asset Allocation question
Replies: 13
Views: 1988

Thanks for all the great advice! I'm going to add a small percentage of the fidelity spartan extended market to my domestic position in my 403(b) and wait to see if my plan picks up any of the new spartan funds. At that point I'll have a better idea of what I'll need in my IRA to supplement my 403.
by lloydbraun
Fri Jun 24, 2011 2:45 am
Forum: Personal Investments
Topic: Asset Allocation question
Replies: 13
Views: 1988

[quote="retiredjg"]The other option is to hold the Fidelity Total Stock and Total Bond in your 401k and Vanguard's Total International in your IRA. Then you'd have no need to add on emerging markets or international small caps because they would already be included. You didn't mention 401/403/IRA for your spouse - those should be considered as well.[/quote] That's also a good idea but I actually like the idea of keeping everything I can in my 403 now especially since it's a roth and there's a great match. My wife is working part time (25-30 hours per week) while she is working towards an advanced degree in education so she has access to my healthcare/dental and doesn't have her own retirement account. However, she and I have the s...
by lloydbraun
Fri Jun 24, 2011 2:28 am
Forum: Personal Investments
Topic: Asset Allocation question
Replies: 13
Views: 1988

[quote]Lloyd, you now hold the market weight in small cap via the total market fund. The question you want to ask is now much should you overweight if you want more exposure. Your right about Fidelity international--no EM, and no Canada either. EM is close to 20% of international, so that should be your target. The problem when just starting out is using funds with the 3k minimum to equal 20% of the portfolio. But you can always use an ETF. You don't happen to have Fidelity extended market index, do you? Paul[/quote] Hi Paul, Yes I do have access to the extended market and you hit the nail on the head. I do want to slightly overweight small cap value stocks through a cheap index. I think to start I'll add it to my other 3 to allow a slight ...
by lloydbraun
Thu Jun 23, 2011 4:16 pm
Forum: Personal Investments
Topic: Asset Allocation question
Replies: 13
Views: 1988

[quote="empb"]Looks fine to me. Way to go Lloyd Braun! :D[/quote]

Thanks, I also know a good place to buy gum.
by lloydbraun
Thu Jun 23, 2011 4:15 pm
Forum: Personal Investments
Topic: Asset Allocation question
Replies: 13
Views: 1988

Thanks for all the advice! I actually do like the simple portfolio I set up but after reading Rick Ferri's books on Index Funds and Asset Allocation I wanted to hear more opinions on adding the domestic small cap index and emerging market index funds. They're the only two I was looking at adding to the 3 I already have. I'm going to stick with the simple portfolio for the first year and then, depending on how much we can save, start a small IRA to get limited exposure to the Vanguard funds I mentioned. Since I have an 8% match on 4% of my income I obviously need to contribute to my 401K before I even think about putting anything in my IRA.
by lloydbraun
Thu Jun 23, 2011 2:55 pm
Forum: Personal Investments
Topic: Asset Allocation question
Replies: 13
Views: 1988

Asset Allocation question

Hi, Relatively new to posting but have spent the last couple of years reading up on index funds/boglehead books. Starting this fall I will be investing in my 403(b). My choices were Fidelity, TIAA-CREF and Met Life so I went with Fidelity because of the Spartan Funds. Unfortunately Fidelity's Spartan funds, at least the ones we have, do not have adequate exposure to domestic small caps and emerging markets. I am currently set to invest in the following manner: 40% FSTMX Total US Market Index (.10) 40% FSIIX Int'l Stock Market Index (.10) 20% FBIDX US Bond Market Index (.22) I plan to start a Roth with Vanguard and am looking for advice as to how to get the right asset allocation with exposure to emerging markets and small caps. Is it as sim...
by lloydbraun
Mon Jun 20, 2011 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Teaching spouse about money
Replies: 40
Views: 4415

An earlier poster recommended the Personal Finance book for Dummies. That's a great recommendation. It was my first book on the topic and Eric Tyson, the author, is also a big fan of low-cost, passively managed mutual funds!
by lloydbraun
Mon Jun 20, 2011 8:32 am
Forum: Personal Consumer Issues
Topic: how many Bogleheads are divorced vs still married?
Replies: 98
Views: 13208

[quote="OnFire"]Married means you are emotionally, spiritually, financially, and sexually committed to one person. Civil Union, domestic partnership, married etcetera is just legal terminology and does NOT affect how people act. If you are no longer committed to one person, you are not married. Nice to see you have an axe to grind and choose to do the grinding here. Together for five, married for three, and loving every minute. Hope I can make it to Dale and Pat's mark. (See? You don't even know if I am a guy or a girl and married to a guy or a girl!)[/quote] Actually I think "married" just means that the government recognizes it regardless of what anyone else thinks it means. For instance I am emotionally, financially, ...
by lloydbraun
Thu Jun 09, 2011 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Adult Kids Still On The Payroll
Replies: 58
Views: 8420

My parents paid for 75% of my undergrad and then leased me a car in grad school after my old, very used car which I had bought died and I couldn't even afford a used one. I appreciated it and always thanked them for it. Even now when I come home I try to take them for lunch but they insist on paying. So I guess I'm not a bootstrapper!
by lloydbraun
Mon May 30, 2011 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Pet Peeve: People without money who waste what they have
Replies: 74
Views: 12198

clacy wrote:Convenience stores, casinos and bars. You will always see people that "can't afford it" wasting vast amounts of money in these places.
Hey man, I can afford the drinks at the bar, but my scale doesn't appreciate it.
by lloydbraun
Mon May 30, 2011 9:21 pm
Forum: Personal Consumer Issues
Topic: Community versus Private Colleges
Replies: 43
Views: 5186

As others have noted, it's inaccurate to say that all good community college professors promote. I spent several semester working as an adjunct at community colleges and while I now have a tenure-track position at a well regarded four year private university, I know many good people who are still working as adjuncts at community colleges because the job market is so saturated. I'd like to say that I moved up because I was much better qualified than others, but the fact is that I work in a relatively "hot" field and I'm probably more personable than most, which helps during interviews.