Search found 118 matches

by Booper
Mon Sep 11, 2017 8:58 am
Forum: Investing - Theory, News & General
Topic: Calculators for withdrawing a % of assets
Replies: 2
Views: 388

Calculators for withdrawing a % of assets

Hello, Most discussions of "safely" spending down a chunk of money focus on taking out a fixed amount at "day 0", and continuing to take out the same amount over some time span. I am curious about alternative withdrawal strategies. For example, withdrawing a % of the assets each year. Obviously the ...
by Booper
Thu Jul 27, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Why not Schwab instead of Vanguard?
Replies: 68
Views: 5321

Re: Why not Schwab instead of Vanguard?

I have money at both Schwab and Vanguard and they're both fine. But if I had to pick one, I'd pick Vanguard. Why? Their corporate structure: https://about.vanguard.com/what-sets-vanguard-apart/why-ownership-matters/ Basically, Vanguard is owned and operated by the mutual funds themselves. When you ...
by Booper
Wed Jul 26, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Why not Schwab instead of Vanguard?
Replies: 68
Views: 5321

Re: Why not Schwab instead of Vanguard?

I would take Schwab in a heartbeat of Vanguard for the reason many cited, superior customer service. Vanguard has first class products, but my experience has been they have 3rd to 4th rate customer service. They simply are not in the same league as Fidelity or Schwab, or even Scottrade for customer...
by Booper
Wed Jul 26, 2017 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Why not Schwab instead of Vanguard?
Replies: 68
Views: 5321

Re: Why not Schwab instead of Vanguard?

I have been a long time Vanguard customer and believe: 1) They have been an industry leader in low fees 2) Their customer service is marginal at best As I see it for basic index funds, Schwab is actually cheaper to use than Vanguard. Am I missing something or am I, and possibly other bogleheads sta...
by Booper
Wed Jul 26, 2017 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me draft an Investment Policy Statement
Replies: 4
Views: 639

Please help me draft an Investment Policy Statement

My career (and consequently my financial situation) have changed drastically in the last few years. This has led to a lot of stress, and now I think that I need to rewrite my IPS. I think that I need help with this. I used to be a full-time employee. My financial plan at that time was: 1. Max out my...
by Booper
Sun Jul 23, 2017 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: My financial needs have changed - looking for advice
Replies: 3
Views: 814

Re: My financial needs have changed - looking for advice

To fix this, I am now looking towards my main, non-taxable vanguard account (i.e., my life savings) to continue to fund my work on this business. If I am going to do this, though, I also realize that I probably need to change my asset allocation in this account. Currently this account has about 8x ...
by Booper
Sun Jul 23, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: My financial needs have changed - looking for advice
Replies: 3
Views: 814

My financial needs have changed - looking for advice

Greetings, I am 40 years old, single, and a few years ago decided to try and start my own business. It can be thought of as a consulting business, so outside of my living expenses, the financial needs are quite minimal. While I've had some success with it, the business does not yet generate stable o...
by Booper
Sun Jun 25, 2017 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: How do you calculate "enough" for retirement accounts?
Replies: 14
Views: 2311

How do you calculate "enough" for retirement accounts?

Greetings, I'm in the process of reassessing things in my career and financial life. One possibility I have would be to stop adding money to my retirement accounts altogether. I have put all my IRA / 401K money into Vanguard's 2045 retirement fund. I am trying to get a range of projections for what ...
by Booper
Fri Jun 26, 2015 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Disability insurance
Replies: 2
Views: 447

Disability insurance

Hello all, I used to have disability insurance thru my employer, but I was laid off a few months ago. Apparently COBRA allows me to continue my health insurance, but not my disability insurance. I am now trying to start a consulting business and have no income. Nonetheless, I would love to purchase ...
by Booper
Fri Oct 03, 2014 5:54 pm
Forum: Investing - Theory, News & General
Topic: Bill Gross moving from PIMCO to Janus, Monday
Replies: 119
Views: 15178

Re: Bill Gross moving from PIMCO to Janus, Monday

My take was: the guy's 70 and is writing investment statments about his dead cat (m). He's probably got some age-related mental issues (dementia, whatever), and they wanted to get rid of him because they realized it was irresponsible to let him manage other people's money. Yet he's famous enough for...
by Booper
Tue Mar 04, 2014 2:54 pm
Forum: Forum Issues and Administration
Topic: Banning +1 in Boglehead forums
Replies: 53
Views: 7422

Re: Banning +1 in Boglehead forums

Any chance we could ban the use of +1 in these forums? I see emoticons on this entry page, but don't see them in the Boglehead forum topics, perhaps because I opted out. Emoticons are the lowest intellectual life form in any forum and the +1s are just one level up. Replying +1 is just a waste of ev...
by Booper
Thu Jan 09, 2014 5:08 pm
Forum: Personal Consumer Issues
Topic: Trouble trusting US healthcare
Replies: 70
Views: 4387

Re: Trouble trusting US healthcare

Good post. One thing to keep in mind is that there are some biases in your observation: 1. As a child and young adult, you interacted with the healthcare system in a very different way than you do as an adult. So even if you were in Canada now, you would (naturally) view it differently than you did ...
by Booper
Thu Sep 05, 2013 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Am I Crazy to Hang on to LT Muni Bond Funds?
Replies: 37
Views: 4235

Re: Am I Crazy to Hang on to LT Muni Bond Funds?

I've been in Vanguard's LT Muni Bond Fund (VWLUX) for about a year now and have seen the principal get hammered in the current flight away from these funds. I like the monthly tax-free income that comes from it but am uncomfortable watching the principal go down day after day. Am I crazy to stick i...
by Booper
Thu Sep 05, 2013 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret saving too much and not spending when younger?
Replies: 79
Views: 11972

Re: Anyone regret saving too much and not spending when youn

Anyone here regret not spending a little and indulging and bit in their younger days now that you are sitting in a huge pile of cash? I sort of regret commuting to university instead of staying on campus for the first year now that I am working full time with no debt and a decent chunk of savings. ...
by Booper
Mon Jul 29, 2013 1:30 pm
Forum: Personal Consumer Issues
Topic: Best way to sell deceased parents' "stuff"
Replies: 27
Views: 5105

Best way to sell deceased parents' "stuff"

A few years ago my mother passed away. My father predeceased her by several years. I have kept a lot of their "stuff" - artwork, knickknacks, glasswork, what-have-you. I've kept it for several years out of sentimental attachment and because I liked quite a bit of it. But now, several years...
by Booper
Tue Jun 25, 2013 12:43 am
Forum: Investing - Theory, News & General
Topic: Detroit to default on $2.5B of debt
Replies: 63
Views: 9193

Detroit to default on $2.5B of debt

I haven't seen this talked about on the forum yet (perhaps I missed it), but it seems like the biggest muni finance news in a while. Anyone where own Detroit bonds?

Detroit won't pay $2.5B it owes

Detroit bankruptcy could force museums to auction off cultural treasures to help pay city debt
by Booper
Thu Feb 28, 2013 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Is Med School still a good financial investment?
Replies: 123
Views: 11552

Re: Is Med School still a good financial investment?

Med school sounds like a terrible financial investment for you. A decent CS grad pulls in $150k + stock options/benefits with the same job security as a physician, and a lot less stress. If you have an aptitude for programming, that's where I would focus. Your portrayal of the financial lives of pe...
by Booper
Wed Feb 27, 2013 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is Med School still a good financial investment?
Replies: 123
Views: 11552

Re: Is Med School still a good financial investment?

Med school sounds like a terrible financial investment for you. A decent CS grad pulls in $150k + stock options/benefits with the same job security as a physician, and a lot less stress. If you have an aptitude for programming, that's where I would focus. Your portrayal of the financial lives of pe...
by Booper
Tue Feb 12, 2013 4:32 pm
Forum: Investing - Theory, News & General
Topic: McGraw-Hill (S&P) fires back
Replies: 33
Views: 2671

Re: McGraw-Hill (S&P) fires back

http://www.reuters.com/article/2013/02/12/us-mcgraw-hill-results-idUSBRE91B0P220130212 The company does not believe the Department of Justice can prove that this failure - common to nearly everyone at the time - was the product of intentional misconduct by anyone at S&P. It doesn't matter wheth...
by Booper
Tue Jan 22, 2013 11:22 pm
Forum: Investing - Theory, News & General
Topic: My response to Peter Schiff
Replies: 19
Views: 3570

Re: My response to Peter Schiff

I'm a big Larry Swedroe fan, AND a big Peter Schiff fan. My money is currently invested in a way that would make Larry proud. But I read as much as I can, and follow as closely I can, the developing world fiscal issues.
by Booper
Tue Jan 22, 2013 11:19 pm
Forum: Investing - Theory, News & General
Topic: Most complex, "anti-Boglehead" investments
Replies: 52
Views: 6889

Re: Most complex, "anti-Boglehead" investments

It always amazes me that people think that index/passive funds are simple. If you try to create/run one yourself, I think you'd find that they're actually quite complex.
by Booper
Wed Dec 19, 2012 2:46 am
Forum: Personal Finance (Not Investing)
Topic: The Distribution of Wealth
Replies: 15
Views: 4284

Re: The Distribution of Wealth

How would defined benefit pensions be counted?
by Booper
Sun Dec 02, 2012 8:42 pm
Forum: Personal Consumer Issues
Topic: Boost Mobile/Straight Talk....opinions
Replies: 31
Views: 10125

Re: Boost Mobile/Straight Talk....opinions

I switched from AT&T to Straight Talk several months ago. I frequently cannot connect to the internet. I instead get the message in my iphone's browser "access forbidden". Google "straight talk access forbidden" and you'll see that this is a common problem. It's probably stil...
by Booper
Tue Nov 27, 2012 4:47 pm
Forum: Investing - Theory, News & General
Topic: Kyle Bass Letter
Replies: 44
Views: 4711

Re: Kyle Bass Letter

kalons wrote:
Booper wrote:He runs hedge funds and has made a killing for his investors.

It seems more like he's killing his investors' money these days.
http://www.businessinsider.com/whoa-kyle-basss-performance-really-is-that-disastrous-2012-5


I didnt say the thing that youre attributing to me!
by Booper
Tue Nov 27, 2012 12:09 pm
Forum: Personal Consumer Issues
Topic: Fitness Regimen
Replies: 29
Views: 13891

Re: Fitness Regimen

I think that setting a goal of passing the army fitness test is a good goal that would qualify you or anyone else as being "in shape". The standards decrease for age and are easier for women than men:

http://en.wikipedia.org/wiki/United_Sta ... tness_Test
by Booper
Mon Nov 26, 2012 10:41 pm
Forum: Investing - Theory, News & General
Topic: Kyle Bass Letter
Replies: 44
Views: 4711

Re: US Debt Crisis - Kyle Bass Letter

Hi Bogleheads, I'm wondering how many of you structure your portfolios based on macro economic issues like the us debt crisis. Wondering if any of you follow Kyle Bass at all or have read his most recent letter to investors. It paints an ugly picture for what is yet to come in the US and if he is r...
by Booper
Sun Nov 25, 2012 11:05 pm
Forum: Personal Consumer Issues
Topic: Online chess for kids
Replies: 11
Views: 1630

Re: Online chess for kids

Freechess.org is free and has excellent players
by Booper
Mon Nov 19, 2012 11:45 am
Forum: Investing - Theory, News & General
Topic: Our latest TIPS update
Replies: 66
Views: 6303

Re: Our latest TIPS update

There is no table when viewed on iphone. I also dont see a way to disable mobile view
by Booper
Mon Nov 12, 2012 10:54 pm
Forum: Investing - Theory, News & General
Topic: The 'noise' to avoid: A lesson from the muni non-crisis.
Replies: 12
Views: 1376

Re: The 'noise' to avoid: A lesson from the muni non-crisis.

Not sure how many have seen it, but I happened to catch Meredith Whitney getting asked about how completely wrong she was about muni bonds after her warning of a significant number of large defaults. She went on to explain how there were many "social defaults" through the reforms of vario...
by Booper
Fri Nov 09, 2012 11:48 am
Forum: Investing - Theory, News & General
Topic: Dividend-Paying Stocks Are Not Bonds
Replies: 20
Views: 2462

Re: Dividend-Paying Stocks Are Not Bonds

Sidney wrote:Hopefully their principles haven't changed in 10 years.


That was almost a valuable contribution to the thread. Almost.
by Booper
Fri Nov 09, 2012 11:29 am
Forum: Investing - Theory, News & General
Topic: Dividend-Paying Stocks Are Not Bonds
Replies: 20
Views: 2462

Re: Dividend-Paying Stocks Are Not Bonds

Yes, dividend-paying stocks are not bonds. But I am finding it very difficult to get accurate data on how the income stream from dividend paying / dividend growth stocks has actually fared. S&P has the dividend aristocrats. Vanguard has a divident growth fund If, a decade ago, someone invested 1...
by Booper
Fri Oct 26, 2012 3:52 pm
Forum: Investing - Theory, News & General
Topic: REIT it's own asset class?
Replies: 23
Views: 2241

Re: REIT it's own asset class?

Working on my IPS and AA and confused whether to include REIT within my equity portion or split it out by itself? I've read old forum posts, the wiki, and several books and have seen in mentioned both ways. Is it just a personal preference thing with no clear cut answer? I like Mike Piper's answer ...
by Booper
Fri Oct 05, 2012 12:35 pm
Forum: Investing - Theory, News & General
Topic: Utilities as sub for fixed income, generate more YIELD
Replies: 35
Views: 2903

Re: Utilities as sub for fixed income, generate more YIELD

williamg First, IMO taking an income or cash flow approach to investing is wrong way to do it. Should be total return for a whole variety of reasons. So forget that part of the rationale for using utilities. Larry, can you please articulate your thoughts here regarding investing for total return as...
by Booper
Thu Oct 04, 2012 11:54 am
Forum: Personal Consumer Issues
Topic: Old AT&T IPhone to Cheap Network?
Replies: 23
Views: 3127

Re: Old AT&T IPhone to Cheap Network?

Just wanted to update people after having switched to Straight Talk about 3 weeks ago. I haven't had any trouble with reception while talking but I have noticed that I hit dead areas that I can't connect to the internet from more frequently than I used to (I like in a suburb of a large metropolitan...
by Booper
Thu Sep 27, 2012 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Private unemployment insurance?
Replies: 5
Views: 842

Private unemployment insurance?

My friend just got layed off and started receiving unemployment insurance (UI). The benefit, unfortunately, does not even cover his rent. My friend expects to bounce back from this pretty quickly, but we started talking about how a lot of older workers seem to have trouble finding a job after a layo...
by Booper
Sat Sep 15, 2012 4:00 pm
Forum: Investing - Theory, News & General
Topic: Proposed Wiki Article - Managing a Windfall
Replies: 39
Views: 3706

Re: Proposed Wiki Article - Managing a Windfall

The best book I ever read about this topic was The Challenges of Wealth: Mastering the Personal and Financial Conflicts. I would suggest that this book be listed on the wiki, and read by whoever writes the article.
by Booper
Thu Sep 13, 2012 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Define "rich" and "wealthy"
Replies: 24
Views: 2286

Define "rich" and "wealthy"

How do you define the words "rich" and "wealthy"?
by Booper
Tue Sep 11, 2012 5:00 pm
Forum: Personal Consumer Issues
Topic: Virgin mobile $25 smartphone plan is back
Replies: 10
Views: 2303

Re: Virgin mobile $25 smartphone plan is back

They say it doesnt work for iphones. If you have a 2+yr old iphone, what is the cheapest plan you can get?
by Booper
Sun Sep 09, 2012 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: College Debt: Be Careful
Replies: 64
Views: 7824

Re: College Debt: Be Careful

I think a lot of these discussions overlook something fundamental: colleges aren't trying to reduce tuition costs. As a thought experiment, if you were charged with reducing tuition costs, what would you do? Here is my list, which is largely based on the book Higher Education? 1. Close down all the ...
by Booper
Wed Sep 05, 2012 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Possible mid-life crisis - please help
Replies: 94
Views: 13200

Re: Possible mid-life crisis - please help

Sounds like a mid-life crisis to me. You grew up poor, wanted to make sure that you'd never be poor again, and have now achieved your goal. It sounds like you have no idea what to do next. Therein lies the crisis. It's too bad that you hate your job. I think that you should work with a counselor of ...
by Booper
Fri Aug 31, 2012 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Money Mag Article
Replies: 74
Views: 15723

Re: Money Mag Article

chrisjul wrote:Thoughts on this month's Money magazine interview with William Bernstien....?

I tend to agree with his philosophy of "Once you win the game, why continue to play?".


Please include a link to the article you are referring to.
by Booper
Wed Aug 29, 2012 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: "Self-Insuring For Long-Term Care."
Replies: 62
Views: 8198

Re: "Self-Insuring For Long-Term Care."

Boooper, excellent recommendation! I just finished reading Charles Farrell's Your Money Ratios and the chapter on long term care insurance is excellent. The formula for determining if one can self insure for LTC is easy and straightforward. The rest of the book is well written, with easy to underst...
by Booper
Mon Aug 27, 2012 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: "Self-Insuring For Long-Term Care."
Replies: 62
Views: 8198

Re: "Self-Insuring For Long-Term Care."

On a related note, I'm currently in the process of reading Charles Farrell's Your Money Ratios . I put it down during the long term care / long term disability insurance section because it hit too close to home for me. But now that you've raised the issue I feel like it's a sign that I need to act ...
by Booper
Mon Aug 27, 2012 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: "Self-Insuring For Long-Term Care."
Replies: 62
Views: 8198

Re: "Self-Insuring For Long-Term Care."

Mike, I saw your column today and liked it. I was planning to leave a comment there but will do so here instead. This seems to be the big question: And many people probably can't even afford to actually-insure. Is this statement factually correct? I have no idea how to evalute it since I don't even ...
by Booper
Tue Aug 21, 2012 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring overseas?
Replies: 39
Views: 8271

Re: Retiring overseas?

Is anyone on the board a US or Canadian who has retired in a lower cost country? I'm curious to hear your story. My wife and I have a dream of retiring in our 40s and giving our kids an international living experience. Seems like Ecuador, Panama, Costa Rica, etc are popular for American retirees. F...
by Booper
Tue Aug 21, 2012 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring overseas?
Replies: 39
Views: 8271

Re: Retiring overseas?

Why not simply move to Puerto Rico? It is in latin america but it is still part of the USA. My wife said the same thing. Do you have info on puerto rico? I do not have any info on Puerto Rico myself but it is probably the first place I would consider. It is right in the Caribbean so it must be a be...
by Booper
Mon Aug 20, 2012 12:10 pm
Forum: Investing - Theory, News & General
Topic: More bad news for muni bonds
Replies: 31
Views: 4323

More bad news for muni bonds

I follow the news for Muni bonds - specifically CA Muni bonds - fairly closely. It's seemed for a while that we might see a dramatic change in default rates, and it looks like that's happening now. In fact, on Friday Moody's announced that they are making a comprehensive review of muni bonds. Articl...
by Booper
Sun Aug 19, 2012 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Friend asked for advice with inheritance
Replies: 4
Views: 857

Re: Friend asked for advice with inheritance

Thanks Watty and everyone else. 1) It would be good if he committed to not investing the money for six months until he has learned more. You didn't mention where the money was in right now. If it isn't just in some sort of bank account then money that is already invested or in an inherited IRA could...
by Booper
Sun Aug 19, 2012 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Friend asked for advice with inheritance
Replies: 4
Views: 857

Friend asked for advice with inheritance

A friend of mine who knows that I read a lot of investment books just asked for advice with a sizable inheritance. My friend has a stable job, is about 30 years old, single, and contributes a reasonable amount to his 401k and ira each year. The inheritance, after taxes, is about $500k. A 500k increa...