Search found 3769 matches

by Levett
Tue May 24, 2016 1:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Advisor Services now live
Replies: 48
Views: 9588

Re: Vanguard Personal Advisor Services now live

A great playwright once wrote:

"To er or to or, that is the question (for a fee)!" :wink:

Lev
by Levett
Mon May 23, 2016 7:48 am
Forum: Investing - Theory, News & General
Topic: Should I annuitize my TIAA account?
Replies: 5
Views: 874

Re: Should I annuitize my TIAA account?

Kelly wrote: " I wasn't sure if I was missing anything." Please understand: I'm a long time retiree who is a partial (though substantial) TIAA annuitant. I thought long and hard about my decision, and the payout was, indeed (and remains), very attractive. However, Kelly, I thought about th...
by Levett
Mon May 23, 2016 5:23 am
Forum: Investing - Theory, News & General
Topic: Why do we believe in the market?
Replies: 36
Views: 2954

Re: Why do we believe in the market?

I own equities, among other asset classes, because it's an essential (not exclusive) "nutrient" of investing.

The sole question for me is not "belief" but, rather, how much and in what manner?

Not terribly profound, eh?

Lev (long retired)
by Levett
Sun May 22, 2016 12:58 pm
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 150
Views: 11491

Re: Is there a such thing as a blue collar Boglehead?

Burt.

Thanks for the Scott Burns link. It explains a lot succinctly.

Lev
by Levett
Sun May 22, 2016 10:53 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1621
Views: 337122

Re: What Movie Have You Recently Watched?

I totally agree Barefootgirl. I first came to Chomsky as an undergraduate taking a Linguistics course. Little did I know that he may be one of the last remaining public intellectuals in the U.S.--by "public intellectual" I mean a person who is deeply learned in a number of subjects. May I ...
by Levett
Fri May 20, 2016 10:56 am
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 150
Views: 11491

Re: Is there a such thing as a blue collar Boglehead?

TimeLord wrote:

"Personally, I would like to hear more from the Blue Collar BH. I think their issues are more relatable and applicable to the majority here."

I'm with you 110%.

Lev
by Levett
Thu May 19, 2016 4:33 am
Forum: Personal Finance (Not Investing)
Topic: Reality check - how am I doing
Replies: 55
Views: 5331

Re: Reality check - how am I doing

You need a vacation without the kids. Ask Grandma/Grandpa to look after them while your wife and you are away.

You are going to find out one of two things: that your jealousy is misplaced or that every now and again you and your wife need to reward and renew yourselves.

Good luck.

Lev
by Levett
Mon May 16, 2016 6:25 pm
Forum: Personal Consumer Issues
Topic: Should I get property survey done? Cost estimate?
Replies: 8
Views: 750

Re: Should I get property survey done? Cost estimate?

I recently had a survey done as a requirement from the city for some work on the property. The cost was $525.

I was provided with multiple copies, one of which was filed with and approved by the city. I have left the stakes in place.

Lev
by Levett
Mon May 16, 2016 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Rich But Middle Class
Replies: 233
Views: 20713

Re: Rich But Middle Class

Wander wrote:

"People know when they are poor, but they do not know when they are rich."

All these posts and finally someone cuts to the chase.

Thanks.

Lev
by Levett
Mon May 16, 2016 3:32 pm
Forum: Investing - Theory, News & General
Topic: Are Target Retirement Funds More Resistant to Panic Selling?
Replies: 23
Views: 1788

Re: Are Target Retirement Funds More Resistant to Panic Selling?

"I am becoming more and more convinced that behavior is more important than fund selection."

Yep.

And that's why Warren Buffett keeps saying, "Investing is simple but not easy."


Lev
by Levett
Mon May 16, 2016 9:55 am
Forum: Investing - Theory, News & General
Topic: Are Target Retirement Funds More Resistant to Panic Selling?
Replies: 23
Views: 1788

Re: Are Target Retirement Funds More Resistant to Panic Selling?

See part two of the following Vanguard study to see how target date investors behaved during 2008-2009. http://www.vanguard.com/jumppage/targetretirement/TRFCOMM.pdf Snippet: Behavior in market downturn During 2008, U.S. and global stock markets were exceptionally volatile and posted sharply negativ...
by Levett
Mon May 16, 2016 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Safer Allocation
Replies: 4
Views: 615

Re: Safer Allocation

Since you say you are very comfortable with VTINX, I imagine you have seen this from Vanguard.

https://personal.vanguard.com/us/insights/saving-investing/model-portfolio-allocations

Scroll down to 30/70--it will give you an opinion, not a guarantee, on potential downside.

Lev
by Levett
Mon May 16, 2016 9:08 am
Forum: Investing - Help with Personal Investments
Topic: How to prepare base for Early Retirement 3-5 years out?
Replies: 15
Views: 2534

Re: How to prepare base for Early Retirement 3-5 years out?

Sandi wrote:

"Get all health care/dental procedures done and out of the way with FSA/HSA dollars."

Respectfully, Sandi, life intrudes. It just doesn't work that way.

Lev (long retired)
by Levett
Sat May 14, 2016 4:22 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads® Wiki 2016 annual report
Replies: 21
Views: 1834

Re: Bogleheads® Wiki 2016 annual report

My congratulations to Barry who long ago had the vision and tenacity.

Lev
by Levett
Tue May 10, 2016 6:44 am
Forum: Personal Consumer Issues
Topic: The 10 Best States to Grow Old in
Replies: 31
Views: 5036

Re: The 10 Best States to Grow Old in

You don't grow old in a state. You grow old in a community (if you are fortunate enough to live in one).

Lev
by Levett
Sun May 08, 2016 6:48 am
Forum: Investing - Theory, News & General
Topic: The End of Alchemy
Replies: 4
Views: 956

Re: The End of Alchemy

Michael Lewis has given the book an excellent review.

Lev
by Levett
Sat May 07, 2016 5:44 am
Forum: Investing - Theory, News & General
Topic: Where is Rick Ferri? [Portfolio Solutions management and fee structure]
Replies: 95
Views: 15742

Re: Where is Rick Ferri?

I am pleased to hear that Rick is "fine." In the past, I have mentioned Portfolio Solutions to friends though I am not a client. But isn't the point that some clients who post here feel left in the dark? And, further, that Portfolio solutions has undergone dramatic changes that suggest Ric...
by Levett
Wed May 04, 2016 11:22 am
Forum: Investing - Theory, News & General
Topic: "MetLife to Pay $25 Million"
Replies: 13
Views: 2286

Re: "MetLife to Pay $25 Million"

How is this post meant to be actionable? Should all who hold Met Life policies cancel their policies? If this is the case, then why not all other financial institutions--of which there have been many--that have been fined a huge multiple of the fine levied against Met Life? Frankly, it comes as news...
by Levett
Fri Apr 29, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with my father's LTC insurer
Replies: 8
Views: 642

Re: Problem with my father's LTC insurer

You wrote: "finances for her, and, by extension, my father" I'm married. My wife and I have separate POAs (we are a blended family). We both have separate LTCI policies. Is "by extension" a recognized legal principle in your state? It sounds like you do not have POA for your fath...
by Levett
Fri Apr 29, 2016 4:02 am
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 63
Views: 6767

Re: [favorite] Boglehead quotes

"Nothing is enough for the man to whom enough is too little."

Lev
by Levett
Sun Apr 17, 2016 6:32 pm
Forum: Investing - Theory, News & General
Topic: "Bogle's Folly"
Replies: 28
Views: 4721

Re: "Bogle's Folly"

I am not good at "belief," especially about the future. But I sure can predict the past with great accuracy, and Wellington (which I once owned but don't any longer) has been "lucky" for a long, long, long time--and with considerably less risk than holding the S & P 500 (a la...
by Levett
Sun Apr 17, 2016 2:46 pm
Forum: Investing - Theory, News & General
Topic: "Hard Truths For Investors To Wrap Their Heads Around"
Replies: 23
Views: 3497

Re: "Hard Truths For Investors To Wrap Their Heads Around"

Nisi observed:

"As with so many things in life, 1% isn't a lot, but 1% every year is an awful lot"

It continues to astonish me that so many folks just don't get it.

Lev
by Levett
Sat Apr 16, 2016 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Count TIAA Traditional towards the bond allocation?
Replies: 17
Views: 1019

Re: Count TIAA Traditional towards the bond allocation?

Yes, it is factored in. A few years ago the State of Illinois retirement system (SURS?) estimated an expense of ratio around .50. The non-liquid (i.e., not vulnerable to investor hysteria) version has been a ROCK in my investment income--now in year 16 of retirement (no sarcasm intended :thumbsup )....
by Levett
Fri Apr 15, 2016 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10221

Re: University of Virginia vs University of Miami

In my former academic career as a sometime administrator of a liberal arts department, I was sometimes asked by US News to participate in peer reviews of other university liberal arts programs. Here's a link to a recent ranking. http://colleges.usnews.rankingsandreviews.com/best-colleges/rankings/na...
by Levett
Fri Apr 15, 2016 5:48 am
Forum: Personal Consumer Issues
Topic: My neighborhood is too quiet (and no kids)
Replies: 44
Views: 4767

Re: My neighborhood is too quiet (and no kids)

"I named them "Youth" and "Asia."

I know the feeling.

They didn't get lost or disappear. They moved to the house behind us! :annoyed

Lev
by Levett
Thu Apr 14, 2016 3:39 pm
Forum: Personal Consumer Issues
Topic: My neighborhood is too quiet (and no kids)
Replies: 44
Views: 4767

Re: My neighborhood is too quiet (and no kids)

" College town. Lots of culture, good food, music, art, history, easygoing lifestyle, easily accessible to major cities and beautiful countryside. No major drawbacks, other than climate, which is a problem in most of North America (and lack of local employment opportunities if you are not an ac...
by Levett
Thu Apr 14, 2016 12:12 pm
Forum: Personal Consumer Issues
Topic: Door problems with new Subaru
Replies: 41
Views: 3453

Re: Door problems with new Subaru

We have owned four Subarus over time, and I currently drive a 2016 Outback. I have dealt with multiple Subaru dealers, and I don't like the sound of how the dealer is handling the problem. This is an issue for the dealer to resolve. In my experience, every time I have a Subaru serviced I receive an ...
by Levett
Thu Apr 14, 2016 5:56 am
Forum: Investing - Help with Personal Investments
Topic: Combining TIAA Accounts (RA, GRA, GSRA)
Replies: 8
Views: 669

Re: Combining TIAA Accounts (RA, GRA, GSRA)

Sorry to state the obvious, but your various accounts--and what you can do with them--are controlled by your former employer's plan document. It sounds like long after you left your former employer, the plan document experienced changes (hence your multiple accounts). Your best bet, I believe, is to...
by Levett
Tue Apr 12, 2016 4:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Target Funds Rank #1
Replies: 7
Views: 1214

Re: Vanguard Target Funds Rank #1

What you should say, Taylor, is VG is "gold." That's a Morningstar ranking Vanguard had going in (as a fund family). Blackrock also has "gold" even though it does not have a string of + signs. J P Morgan and T Rowe Price do not have Gold and yet they have + signs across the board...
by Levett
Tue Apr 12, 2016 3:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Target Funds Rank #1
Replies: 7
Views: 1214

Re: Vanguard Target Funds Rank #1

Let's be accurate. The number 1 applies to assets.

Morningstar has performed a spectacular service with this comprehensive and nuanced report.

Let's not simplify the depth and complexity of the analysis.

Lev
by Levett
Mon Apr 11, 2016 5:11 am
Forum: Personal Finance (Not Investing)
Topic: any suggestion for a good book on early retirement?
Replies: 6
Views: 1032

Re: any suggestion for a good book on early retirement?

I'm sure if you post at the following website--http://www.early-retirement.org/--you should get some good references.

I retired somewhat early and found discussions with retirees in my community--prior to my retirement--the single most useful source of information.

Good luck.

Lev
by Levett
Sun Apr 10, 2016 11:45 am
Forum: Investing - Theory, News & General
Topic: new Vanguard paper on active management
Replies: 28
Views: 1913

Re: new Vanguard paper on active management

Thank you for the response, Larry. You wrote: "But a good advisor should be able to add significant value and that value should be considered--assuming you believe that's the case." I should certainly hope that is the case, but I am happy enough with my (relatively uncomplicated) portfolio...
by Levett
Sun Apr 10, 2016 11:00 am
Forum: Investing - Theory, News & General
Topic: new Vanguard paper on active management
Replies: 28
Views: 1913

Re: new Vanguard paper on active management

I'm a tad confused by Larry Swedroe's analysis. I can buy (and have bought) a Vanguard actively managed fund without the intervention of an advisor. I pay the stated the expense ratio. If I attempt to buy a DFA fund or funds in general (one of my retirement plans does have a sprinkle of DFA), is it ...
by Levett
Sun Apr 10, 2016 6:31 am
Forum: Investing - Theory, News & General
Topic: new Vanguard paper on active management
Replies: 28
Views: 1913

Re: new Vanguard paper on active management

It has never been Vanguard's style to be coercive. It is Vanguard's style to be informative.

Lev
by Levett
Sun Apr 10, 2016 6:15 am
Forum: Investing - Help with Personal Investments
Topic: Need help understanding TIAA acronyms
Replies: 21
Views: 1219

Re: Need help understanding TIAA acronyms

CFM rightly observed: " Confusing, isn't it?" Yes, it can be. But note, as well, that the burden falls on the employer's plan--e.g., " subject to the terms of your employer's plan ." In my nearly 50 years of being a participant in TIAA's retirement program, I had many a colleague...
by Levett
Sun Apr 10, 2016 6:01 am
Forum: Investing - Theory, News & General
Topic: new Vanguard paper on active management
Replies: 28
Views: 1913

new Vanguard paper on active management

https://personal.vanguard.com/us/insights/article/active-management-success-vanguard-032016

One-third of Vanguard's global assets are actively managed, so it's a big deal to the company.

Lev
by Levett
Sat Apr 09, 2016 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Need help understanding TIAA acronyms
Replies: 21
Views: 1219

Re: Need help understanding TIAA acronyms

"No use losing out on a large amount that she might have if she had just waited." That's not how it works. All the "annuity" accounts, other than TIAA Traditional in all its guises (which has no NAV as it draws on the General Account of TIAA Life Insurance Co.), are called "...
by Levett
Sat Apr 09, 2016 6:32 am
Forum: Investing - Help with Personal Investments
Topic: Need help understanding TIAA acronyms
Replies: 21
Views: 1219

Re: Need help understanding TIAA acronyms

CFM, You/your wife should get the plan document from the employer's benefits office. Although TIAA constructs plans, it does so to the specifications of the employer. You might also call TIAA and request a guide to the terminology. You can also search each term at the TIAA website, although I don't ...
by Levett
Thu Apr 07, 2016 6:43 pm
Forum: Investing - Theory, News & General
Topic: Retirement
Replies: 32
Views: 3076

Re: Retirement

Well, since profs came up (I'm a prof Emeritus) here's my take on colleagues who hang on too long: they delude themselves into thinking they are productive. Basically, a number of the hangers-on are keeping younger, more creative folks from energizing the profession. There are exceptions, of course,...
by Levett
Wed Apr 06, 2016 6:22 am
Forum: Forum Issues and Administration
Topic: Where is sscritic?
Replies: 17
Views: 2732

Re: Where is sscritic?

As far as I know, he is ok.

On occasion, he posts elsewhere. He continues to be an excellent source of information.

He also studies Chinese--seriously.

Lev
by Levett
Mon Apr 04, 2016 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: I have reached [Index] purity
Replies: 15
Views: 2167

Re: I have reached purity

"Lord, make me chaste – but not yet!:D

Lev
by Levett
Mon Apr 04, 2016 5:59 am
Forum: Personal Finance (Not Investing)
Topic: When is it ok to splurge?
Replies: 83
Views: 8133

Re: When is it ok to splurge?

"Am I crazy or stupid or both ?"

I don't know. You are 35.

But since you asked at this site, I'm curious to know whether you will listen. :wink:

Lev
by Levett
Sun Apr 03, 2016 6:47 am
Forum: Investing - Theory, News & General
Topic: William Bernstein likes factor tilts?
Replies: 10
Views: 1523

Re: William Bernstein likes factor tilts?

The original link dates back to July 2, 2013. As in the original link, Mr. Bernstein continues to affirm: " Far, far, more important in the long run is sticking with your strategy at a given stock/bond split, than exactly what's in those stocks or bonds." Speaking as a longtime naive inves...
by Levett
Sun Apr 03, 2016 6:24 am
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (March 2016)
Replies: 11
Views: 1765

Re: madsinger monthly report (March 2016)

On a risk-adjusted basis, Wellesley just keeps chugging along. Boringly gratifying (and no secret sauce to speak off). :wink:

And, of course, there will be times when the fund lags.

Lev
by Levett
Fri Apr 01, 2016 6:07 pm
Forum: Investing - Theory, News & General
Topic: Things I'm Pretty Sure About
Replies: 22
Views: 4272

Re: Things I'm Pretty Sure About

I'm real sure about this:

"Humility may bring you more respect than vanity, but it's so hard to accept that"

This is where it begins and ends.

Lev
by Levett
Fri Apr 01, 2016 4:52 pm
Forum: Personal Consumer Issues
Topic: Antelope Canyon/Cathedral Canyon
Replies: 13
Views: 822

Re: Antelope Canyon/Cathedral Canyon

How terrible that the Navajos make some money on tours! Not.

Go with a Navajo guide and let him/her help you take some wonderful photos.

The Navajos are fine people.

Enjoy!

Lev
by Levett
Fri Apr 01, 2016 4:51 pm
Forum: Personal Consumer Issues
Topic: Antelope Canyon/Cathedral Canyon
Replies: 13
Views: 822

Re: Antelope Canyon/Cathedral Canyon

How terrible that the Navajos make some money on tours! Not.

Go with a Navajo guide and let him/her help you take some wonderful photos.

The Navajos are fine people.

Enjoy!

Lev
by Levett
Thu Mar 31, 2016 6:46 pm
Forum: Personal Consumer Issues
Topic: Do you pay for yardwork?
Replies: 61
Views: 5663

Re: Do you pay for yardwork?

$32 for lawn care (front and back) and cleanup per week.

We pay a master gardener $20 per hour (as needed) to assist my wife with front and back garden.

Lev

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