Search found 1873 matches

by IlliniDave
Sun Feb 07, 2016 8:28 am
Forum: Investing - Theory, News & General
Topic: Emotion? question from dan howitt
Replies: 29
Views: 2564

Re: Emotion? question from dan howitt

For me my understanding of my emotional makeup is huge when it comes to my overall strategy/AA decisions. Then when it comes to the day-to-day aspects of managing things, most of the "work" is is keeping emotions at arms length and, as best as I can, sticking to the plan. I used to think I...
by IlliniDave
Wed Feb 03, 2016 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement number calculation
Replies: 6
Views: 1074

Re: Retirement number calculation

I agree it's a good start and should get you a pretty accurate rough cut. There's another layer you can go--often people can get by spending less on clothes and costs related to commuting to work, but might spend more on leisure travel and hobbies. They may spend less on some types of eating out (no...
by IlliniDave
Wed Feb 03, 2016 9:19 am
Forum: Investing - Theory, News & General
Topic: "Money in the stock market isn't real money"
Replies: 55
Views: 4980

Re: "Money in the stock market isn't real money"

In a literal sense that is correct, you are spending money to purchase equity in corporations. Fortunately that equity is highly liquid so equity investments are easily sold to recoup the cash outlay (plus or minus whatever investment return or loss incurred). What probably underlies this slogan is ...
by IlliniDave
Wed Feb 03, 2016 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Should we really trust the market?
Replies: 20
Views: 2854

Re: Should we really trust the market?

I think for infrequent traders the damage is minimal (although the dubious practices of some HFT practitioners are a scourge and should be eliminated). From what I've gleaned I have not lost faith in the practice of long-term investing in public corporations via stocks. The situation does make me le...
by IlliniDave
Sat Jan 30, 2016 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Just not interested any more [in investing]
Replies: 42
Views: 7140

Re: Just not interested any more [in investing]

For me it is cyclical. As far as news and such I don't go much beyond checking the markets and following threads, following an occasional link, here even when I'm in an active state.When in passive state, usually other interests have taken over and I just sort of forget about it for a while.
by IlliniDave
Sat Jan 30, 2016 7:07 am
Forum: Personal Finance (Not Investing)
Topic: What age did you start maxing out your retirement contributions?
Replies: 63
Views: 4329

Re: What age did you start maxing out your retirement contributions?

I first hit the limits once or twice in my later 30s, years where I had a lot of overtime pay, but wasn't able to do it systematically until my mid 40s when I became a single empty-nester. That's in the context of maxing out a employer 401k, not considering potential spousal IRAs or nondeductible IR...
by IlliniDave
Sat Jan 30, 2016 6:16 am
Forum: Investing - Theory, News & General
Topic: Who else is holding in cash? [For future investing]
Replies: 66
Views: 4063

Re: Who else is holding in cash?

I have enough to cover about 7-8 mos of tight-belt living expenses right now, which is a little more than what's been typical over the last couple years. But this year I had to switch over to an HDHP/HSA type health plan, and I intend to pay out of pocket and preserve the HSA until the out years, so...
by IlliniDave
Fri Jan 29, 2016 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Is divorced spouse entitled to spouses Social securtity?
Replies: 21
Views: 2106

Re: Is divorced spouse entitled to spouses Social securtity?

None of this will affect what he is entitled to nor, if he remarries, what that spouse is entitled to. This was my understanding, that the "higher" spouse does not get a reduced benefit even though the "lower" spouse should get an increase because of the marriage. Hope that is t...
by IlliniDave
Fri Jan 29, 2016 2:00 pm
Forum: Investing - Theory, News & General
Topic: "Why Simple Is Still a Hard Sell"
Replies: 24
Views: 4530

Re: "Why Simple Is Still a Hard Sell"

I am one who is guilty of always trying to experiment on the margins, even though I "know" better. The one thing I am doing is making sure my taxable stuff stays very simple (two funds). That way if prudent judgement ever gets the better of me I can clean things up without an enormous dona...
by IlliniDave
Fri Jan 29, 2016 7:49 am
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 129
Views: 14318

Re: QSPIX Nightmare - Closed Off to Retail Investors

I was checking on Fidelity this morning. It appears QSPNX does not offer the same courtesy to HSA accounts as it does to IRAs regarding the minimum investment. I don't have a brokerage acct linked to my 401k (also with Fidelity), and I don't know if I set that up if I could buy an AQR fund with a re...
by IlliniDave
Thu Jan 28, 2016 9:27 pm
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 74
Views: 7011

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

Dang, no chance I'll be able to come up with an extra $4M+ by tomorrow to get my foot in the door with a minimum investment before it closes. :oops: Scottrade was only requiring a $100 minimum for QSP*X in IRAs, so I have $2500 in it. Alas, no Scottrade IRA for me and I've already maxed by contribu...
by IlliniDave
Thu Jan 28, 2016 9:20 pm
Forum: Investing - Theory, News & General
Topic: Source for microcap exposure
Replies: 8
Views: 626

Re: Source for microcap exposure

But if he came out and said, "Stay away, those things are toxic!" or something, I would certainly consider his opinion. Maybe he has? How would you know? An old article found using the STF algorithm: http://www.forbes.com/2010/02/02/microcaps-funds-etfs-russell-bridgeway-personal-finance-...
by IlliniDave
Thu Jan 28, 2016 9:06 pm
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 74
Views: 7011

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

For Everyone's Information, I have verified that QSPIX and QSPNX will both be available at Scottrade until the 29 Jan 2016 deadline. After that, only existing holders of both funds will be able to invest new money in the funds. Dang, no chance I'll be able to come up with an extra $4M+ by tomorrow ...
by IlliniDave
Thu Jan 28, 2016 8:59 pm
Forum: Investing - Theory, News & General
Topic: Source for microcap exposure
Replies: 8
Views: 626

Re: Source for microcap exposure

Thanks, all, for the ideas. Now at least I have somewhere to start!
by IlliniDave
Thu Jan 28, 2016 8:56 pm
Forum: Investing - Theory, News & General
Topic: Source for microcap exposure
Replies: 8
Views: 626

Re: Source for microcap exposure

So what does Rick Ferri think about microcaps nowadays? If he has changed his mind, would you be less inspired? Would you change your mind? I don't know his specific thoughts now. I kind of suspect he hasn't changed his mind a whole bunch because the rationale wasn't about gaudy short-term returns ...
by IlliniDave
Thu Jan 28, 2016 7:27 pm
Forum: Investing - Theory, News & General
Topic: Source for microcap exposure
Replies: 8
Views: 626

Source for microcap exposure

I started an HSA this year which is set up as a brokerage account at fidelity. Inspired by Rick Ferri's All About Asset Allocation I have long wanted to get a dollop of microcaps in the mix. As this is my first/only brokerage account I thought it might be an opportunity. Anyway, I'm having a hard ti...
by IlliniDave
Thu Jan 28, 2016 6:58 pm
Forum: Investing - Theory, News & General
Topic: Worldwide Dividend Trends
Replies: 12
Views: 1216

Re: Worldwide Dividend Trends

One thought: most investors do not hold 100% stocks. If an investor has a 50/50 split and takes 4 percent he's arguably taking maybe 6-8% from his stocks (assuming along the way he's also net selling stocks and buying bonds to keep his portfolio balanced).
by IlliniDave
Thu Jan 28, 2016 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for prep for house sale?
Replies: 14
Views: 1443

Re: How to pay for prep for house sale?

Although I'm debt averse this is one situation where I might consider a home equity loan provided you have enough equity and some margin to cover both the original mortgage and the second loan in the case you don't quite get the price you hope for. I'll be downsizing in the next 3 years and this is ...
by IlliniDave
Thu Jan 28, 2016 12:02 pm
Forum: Personal Consumer Issues
Topic: perfectly happy with cable
Replies: 123
Views: 6056

Re: perfectly happy with cable

As a fellow Illini fan I would suggest not watching the Illini play because it is so frustrating lately that it almost isn't worth it anymore. I cut the cord 2 years ago and get by with Netflix on an Apple TV and streaming from my iPad and Mac. We have saved so much money because our internet is pa...
by IlliniDave
Thu Jan 28, 2016 11:56 am
Forum: Personal Consumer Issues
Topic: perfectly happy with cable
Replies: 123
Views: 6056

Re: perfectly happy with cable

How does the suspension work Illini? Is there a monthly charge when suspended? Reconnect fee? Also, $41 seems low even for 12 months with cable and box charges after the 1st year specials expire. Can you expound on this a bit. I've never had Satellite but am considering it as a possible option for ...
by IlliniDave
Thu Jan 28, 2016 11:46 am
Forum: Investing - Theory, News & General
Topic: Hedge Funds blame Index funds: Bogleheads referenced
Replies: 80
Views: 6708

Re: Ackman's comment on index funds and bubble

There is certainly a cadre of people out there who despise cap-weighted index funds. Many are very erudite when it comes to the topics of finance and investing, but seem unable/unwilling to accept that index funds are intended to track the market(s)/market segment as defined by third-party indexes. ...
by IlliniDave
Thu Jan 28, 2016 5:47 am
Forum: Investing - Theory, News & General
Topic: Entire Portfolio Expense Ratio
Replies: 41
Views: 2022

Re: Entire Portfolio Expense Ratio

My vanguard taxable+Roth is 0.20% and my fidelity 401k is approximately 0.24% including the plan administrative fees.
by IlliniDave
Wed Jan 27, 2016 8:26 pm
Forum: Personal Consumer Issues
Topic: perfectly happy with cable
Replies: 123
Views: 6056

Re: perfectly happy with cable

I had no real complaints, but it wasn't worth the money to me. I switched to DirecTv because I could get the Big Ten Network here in Alabama, and for a while I was paying for Sunday Ticket. But even that wasn't worth the annual cost to me, so I dumped Sunday Ticket and now suspend my service from Ap...
by IlliniDave
Fri Jan 22, 2016 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Most anticipated retirement purchase
Replies: 107
Views: 7003

Re: Most anticipated retirement purchase

Well, I've already bought my retirement summer place. I'll be downsizing and moving to a smaller main residence, but that's a chore, not something I truly look forward to. I am going to buy either a fishing kayak or a solo canoe. I'm in general agreement with the folks who feel the main thing about ...
by IlliniDave
Thu Jan 21, 2016 5:37 am
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 100
Views: 6939

Re: What was your % pay raise?

For this year (2016) it is TBD. For 2015 it was ~2%, my worst ever except employer-wide wage freeze years. I must be losing my edge. :)
by IlliniDave
Thu Jan 21, 2016 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Tapping the emergency fund
Replies: 12
Views: 1474

Re: Tapping the emergency fund

It really is an either/or with a number of options. But as a shameless mental accountant myself, I would take the money from the boat fund because to me it would represent a lower priority in my financial hierarchy. If I did take it from the emergency fund, I would discontinue saving for the boat fo...
by IlliniDave
Wed Jan 20, 2016 11:01 am
Forum: Investing - Theory, News & General
Topic: Capitulation!
Replies: 61
Views: 6994

Re: Capitulation!

The only capitulation I might hit is to rebalance back into stocks if this keeps up. I've been on glide path with new contributions and such to a more conservative posture, but another 10% down and I'll be about where I was aiming to get 3ish years from now.
by IlliniDave
Wed Jan 20, 2016 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Here We Go Again: SWR 2.5% or 5.5%?
Replies: 102
Views: 6978

Re: Here We Go Again: SWR 2.5% or 5.5%?

I feel sorry for those who insist on calculating a SWR of 3% or less. You're going to die with a load of unspent money you worked a lifetime to earn. Also, no one spends the same amount at 87 as the do at 63, so the whole "everything must be perfect engineered and I will withdrawal exactly 2.7...
by IlliniDave
Wed Jan 20, 2016 8:26 am
Forum: Investing - Theory, News & General
Topic: Dividend Growth Stock as Bond Substitutes?... Malkiel vs. Swedroe
Replies: 15
Views: 1561

Re: Dividend Growth Stock as Bond Substitutes?... Malkiel vs. Swedroe

If an investor is most interested in moderating the standard deviation of his investment portfolio balance, than Malkiel's advice wouldn't be for them. Ditto perhaps if the investor is comfortable making decisions through time to sell off assets for a total return approach (or has access to a manage...
by IlliniDave
Tue Jan 19, 2016 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Still considered "savings"?
Replies: 36
Views: 2787

Re: Still considered "savings"?

In my book, I wouldn't consider it savings because you are only getting around to finally paying for something you purchased in the past. Clearly it is advantageous use of the money given you have debts, but the money was already spent so to me it's disingenuous to now call it "saved". Gi...
by IlliniDave
Tue Jan 19, 2016 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Still considered "savings"?
Replies: 36
Views: 2787

Re: Still considered "savings"?

In my book, I wouldn't consider it savings because you are only getting around to finally paying for something you purchased in the past. Clearly it is advantageous use of the money given you have debts, but the money was already spent so to me it's disingenuous to now call it "saved". Giv...
by IlliniDave
Sun Jan 17, 2016 9:04 am
Forum: Investing - Theory, News & General
Topic: Anyone shifting their AA?
Replies: 91
Views: 6482

Re: Anyone shifting their AA?

Short answer is no. I'm a little loose with my rebalancing bands and until/unless we get another 10% decline over Friday's close I'm not even considering an active rebalance yet. I might consider shifting a larger portion of my new purchases away from bonds towards stocks though even on that I am cu...
by IlliniDave
Sat Jan 16, 2016 4:23 pm
Forum: Investing - Theory, News & General
Topic: Cash Buffer Instead of "Emergency Fund"
Replies: 52
Views: 4328

Re: Cash Buffer Instead of "Emergency Fund"

Basically the savings account is just a liquidity buffer rather than a true "emergency fund." Keep in mind with this strategy that you have to have a stock/bond blend that is conservative enough to handle both your growth and emergency needs. Anyone else do something similar? I basically ...
by IlliniDave
Fri Jan 15, 2016 5:49 am
Forum: Investing - Theory, News & General
Topic: Sigh. IlliniDave = Market Timer (VGENX) [Vanguard Energy Fund]
Replies: 29
Views: 3272

Re: Sigh. IlliniDave = Market Timer (VGENX) [Vanguard Energy Fund]

Behold, the IlliniDave Effect. Nice little 3% bump over the top of VTI today for VDE 8-) What's your exit strategy on this one? I wish we didn't have to be right twice to collect on a good timing play. I don't have one, it wasn't a timing play in the classic sense. I'll revisit in a few years, mayb...
by IlliniDave
Thu Jan 14, 2016 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Deed in 2 peoples name that aren't married
Replies: 59
Views: 4613

Re: Deed in 2 peoples name that aren't married

On the surface, when push comes to shove it sounds like he's got a solid legal claim to half the house as long as his name didn't get on there through some sort of fraud, although as you relate the story he doesn't have much moral claim (the cleanest thing would be to work that angle and get him to ...
by IlliniDave
Thu Jan 14, 2016 8:28 am
Forum: Personal Finance (Not Investing)
Topic: What age does LBYM (being a big saver) pay off?
Replies: 81
Views: 9786

Re: What age does LBYM (being a big saver) pay off?

It's not what you look at that matters, it's what you see. The payoff for being an aggressive saver is the accumulated savings. Money for the sake of money is not the be-all, end-all, but among other things it will provide you with options. Having those options is the payoff. If having those options...
by IlliniDave
Wed Jan 13, 2016 8:36 pm
Forum: Investing - Theory, News & General
Topic: Sigh. IlliniDave = Market Timer (VGENX) [Vanguard Energy Fund]
Replies: 29
Views: 3272

Re: Sigh. IlliniDave = Market Timer (VGENX)

I am sure it is pure rationalization on my part, but there is no reason precious metals can't be down forever as they are not a needed material for manufacturing or construction. Unless they've changed in the last year or so, VGPMX really isn't a pure "gold fund" (or precious metals), it'...
by IlliniDave
Wed Jan 13, 2016 8:28 pm
Forum: Investing - Theory, News & General
Topic: Sigh. IlliniDave = Market Timer (VGENX) [Vanguard Energy Fund]
Replies: 29
Views: 3272

Re: Sigh. IlliniDave = Market Timer (VGENX)

Just curious how much of your portfolio did you commit to Energy? Guessing since you said play money it's rather small. Around 1.0%-1.2%, something like that. My Roth (total play space) comes in around 6.0%. So yes, not much in the grand scheme of things. I violate the fungibility of money prime di...
by IlliniDave
Wed Jan 13, 2016 6:27 pm
Forum: Investing - Theory, News & General
Topic: What do you use to calculate total % up or down each year?
Replies: 37
Views: 1657

Re: What do you use to calculate total % up or down each year?

I typically don't bother, but for a crude guess I just go with what fidelity tells me which is about 70-75% of my assets. If I want to be a little more accurate I do a weighted average of what fidelity tells me and what vanguard tells me. No idea how accurate the "personal performance" num...
by IlliniDave
Wed Jan 13, 2016 6:24 pm
Forum: Investing - Theory, News & General
Topic: Sigh. IlliniDave = Market Timer (VGENX) [Vanguard Energy Fund]
Replies: 29
Views: 3272

Re: Sigh. IlliniDave = Market Timer (VGENX)

Just curious how much of your portfolio did you commit to Energy? Guessing since you said play money it's rather small. Around 1.0%-1.2%, something like that. My Roth (total play space) comes in around 6.0%. So yes, not much in the grand scheme of things. I violate the fungibility of money prime di...
by IlliniDave
Wed Jan 13, 2016 2:05 pm
Forum: Investing - Theory, News & General
Topic: Sigh. IlliniDave = Market Timer (VGENX) [Vanguard Energy Fund]
Replies: 29
Views: 3272

Re: Sigh. IlliniDave = Market Timer (VGENX)

I'm just not smart (confident?) enough to do these sort'a things... I'm busy offsetting market losses by investing the difference between this year's and last year's oil (heat) bills ... :sharebeer :beerCheers, packet Ha! Where do you think I got my money for this (and gasoline savings). There's no...
by IlliniDave
Wed Jan 13, 2016 1:59 pm
Forum: Investing - Theory, News & General
Topic: Sigh. IlliniDave = Market Timer (VGENX) [Vanguard Energy Fund]
Replies: 29
Views: 3272

Re: Sigh. IlliniDave = Market Timer (VGENX)

Thanks for the thoughts. This is one I intend to ride out. I'm used to the falling knives, caught one of those on VGPMX(precious metals/mining), another occupant of my Roth play space, last year. I won't be calling success or failure on either for at least 10-15 years, and at on the order of 1% of m...
by IlliniDave
Wed Jan 13, 2016 10:34 am
Forum: Investing - Theory, News & General
Topic: Sigh. IlliniDave = Market Timer (VGENX) [Vanguard Energy Fund]
Replies: 29
Views: 3272

Re: Sigh. IlliniDave = Market Timer (VGENX)

Something down to 2009 lows with good long-term business prospects, like energy, now that looks like a deal. I just don't have enough information and don't believe I'm smart enough to grab some alpha over the total market... My signature applies. The main feature in my selection of it was that its ...
by IlliniDave
Tue Jan 12, 2016 11:54 am
Forum: Investing - Theory, News & General
Topic: Sigh. IlliniDave = Market Timer (VGENX) [Vanguard Energy Fund]
Replies: 29
Views: 3272

Sigh. IlliniDave = Market Timer (VGENX) [Vanguard Energy Fund]

I completed my backdoor conversion today and couldn't resist VGENX (closed yesterday below 2009 low). I did the same think with VGPMX a couple years ago and proceeded to get pummeled. That's clearly a possibility here as well. My little Roth is my "play space" where I'm trying to collect m...
by IlliniDave
Tue Jan 12, 2016 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Should I keep my term life insurance in force?
Replies: 22
Views: 1749

Re: Should I keep my term life insurance in force?

...I'm sure my premature death would be a financial hardship for my wife... Then you should probably keep it. It might be a good exercise to sit down and take a reasonable stab at how much of a bind she would be in (with her input) to ensure $500K is enough (or maybe it's overkill), and to help you...
by IlliniDave
Tue Jan 12, 2016 7:37 am
Forum: Investing - Theory, News & General
Topic: Do Emergency Funds Count as a part of Retirement portfolio?
Replies: 35
Views: 2495

Re: Do Emergency Funds Count as a part of Retirement portfolio?

I agree with prior statements that once your financial assets reach a certain level a traditional emergency fund could be forgone. That said, I still have one. The cash in my bank portion I do not count as invested assets (I consider all my invested assets to be my retirement portfolio). I do have a...
by IlliniDave
Sun Jan 10, 2016 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Bad health news, rethinking everything
Replies: 40
Views: 7133

Re: Bad health news, rethinking everything

... Perhaps I'm just feeling emotional, but here are some things I would like to hear from the Bogleheads community: 1. Do any of you work with your spouse? My wife is a lawyer. We have a wonderful marriage and I'd love to be able to work with her. She feels the same way. We can't think of any prac...
by IlliniDave
Sun Jan 10, 2016 9:15 am
Forum: Personal Finance (Not Investing)
Topic: How to max out retirement accounts with 120K income?
Replies: 40
Views: 5281

Re: How to max out retirement accounts with 120K income?

The only way to do it is to modify your current lifestyle (i.e., the cost of it) significantly downward. Sounds like you are unwilling to do that, so given that the answer is that you can't max out your retirement accounts. It's not the end of the world though. When I was your age I was not maxing o...
by IlliniDave
Sun Jan 10, 2016 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Include 529 in net worth?
Replies: 32
Views: 2376

Re: Include 529 in net worth?

I would tend not to, mainly because I like to be conservative with my net worth calculations. I also do things like estimate tax liability and transaction costs associated with liquidating assets like real estate and taxable account equities, and estimate future income taxes on my 401(k). It's argua...
by IlliniDave
Sun Jan 10, 2016 8:34 am
Forum: Investing - Theory, News & General
Topic: I'm curious if over-weighting equity investors still ok?
Replies: 92
Views: 6550

Re: I'm curious if over-weighting equity investors still ok?

I think I'm somewhere in the 75%-80% stocks range, I don't check very often. With my new money I'm buying more bonds than stocks because I'm trying to inch my way to 70/30. I am not happy about how things have gone the last year, but I'm still "okay".

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