Search found 3816 matches

by Levett
Sat Jul 23, 2016 6:16 am
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 63
Views: 3966

Re: Reliving the Nightmare of the Crisis

I learned to have a great deal of respect for Hyman Minsky--

https://en.wikipedia.org/wiki/Minsky_moment

as well as Benoit Mandelbrot's The (Mis)behavior of Markets--

https://www.amazon.com/Misbehavior-Markets-Fractal-Financial-Turbulence-ebook/dp/B004PYDBEO

Lev
by Levett
Fri Jul 22, 2016 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 101
Views: 6015

Re: Early retirees, how much did you leave on the table?

Why would I ask?

It's one of those questions folks with regret ask.

I don't regret a day I retired.

Money certainly contributes to a satisfying retirement, but money alone does not assure a satisfying retirement.

Lev
by Levett
Tue Jul 19, 2016 11:21 am
Forum: Investing - Theory, News & General
Topic: "Analyzing the First Half of 2016 for Vanguard"
Replies: 3
Views: 803

Re: "Analyzing the First Half of 2016 for Vanguard"

Of note: Glaser: And finally what about some of the kind of just widely held Vanguard funds, like Wellington. How did those did do in this year so far? Culloton: I've been very impressed by the way tried-and-true balanced funds like Vanguard Wellington and Vanguard Wellesley Income have continue to ...
by Levett
Mon Jul 18, 2016 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity as sole fixed income component
Replies: 66
Views: 5094

Re: TIAA Traditional Annuity as sole fixed income component

Nisi wrote:

"but there's a case to be made, if you are a TIAA participant who is heavily invested in TIAA Traditional, for doing it it their way and considering it to be a fourth asset class."

There certainly is a case to be made, and I have made it repeatedly, as has TIAA.

Lev
by Levett
Sun Jul 17, 2016 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity as sole fixed income component
Replies: 66
Views: 5094

Re: TIAA Traditional Annuity as sole fixed income component

"The TIAA mantra seems to be, imo, "our clients are idiots; they will never notice." That has been their (apparent) stance from when they lost the low-fee battle to VG and then quietly set about to position themselves in the middle ground, fee-wise, relying upon decades of accumulate...
by Levett
Sat Jul 16, 2016 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Traits of Happiest Retirees
Replies: 78
Views: 11065

Re: Traits of Happiest Retirees

Nisi wrote:

"Retirees in good health are happy, retirees in poor health are unhappy."

Yeah. That's been my experience.

And happy or unhappy retirees were likely happy or unhappy before they retired.

That's also been my experience.

Lev
by Levett
Thu Jul 14, 2016 6:22 am
Forum: Investing - Theory, News & General
Topic: "How saving too much can make your retirement less satisfying"
Replies: 52
Views: 7370

Re: "How saving too much can make your retirement less satisfying"

Now well into retirement, I follow a very simple "rule": don't spend above your means, don't spend below your means, but DO spend within your means.

I did not retire to become a mendicant.

I am satisfied (within the limits nature imposes :wink: ).

Lev
by Levett
Tue Jul 12, 2016 9:29 am
Forum: Investing - Theory, News & General
Topic: "Investing in an uncertain world."
Replies: 7
Views: 696

Re: "Investing in an uncertain world."

When hasn't it been an "uncertain world?"

"Uncertainty" is a meme kinda like the "expectations" game prior to a Fed announcement or an unemployment report.

Lev
by Levett
Tue Jul 12, 2016 7:28 am
Forum: Investing - Help with Personal Investments
Topic: How much did you earn in capital gains?
Replies: 7
Views: 741

Re: How much did you earn in capital gains?

The TIAA Real Estate account had difficult back to back years in 2008 (-14.15%) and 2009 (-27.64%). :(

Lev
by Levett
Sun Jul 03, 2016 12:58 pm
Forum: Investing - Theory, News & General
Topic: "Less is More"
Replies: 15
Views: 2976

Re: "Less is More"

"The Paradox of Choice."

You can read the book or listen to the talk.

https://www.ted.com/talks/barry_schwartz_on_the_paradox_of_choice?language=en

Lev
by Levett
Sat Jul 02, 2016 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs. Vanguard REITS
Replies: 26
Views: 2048

Re: TIAA Real Estate vs. Vanguard REITS

" The payment will vary depending on the underlying TREA share value. " Not exactly. You will be taking annuity income that has an entirely different annuity unit value (not the NAV you see for the variable annuity account) that is pegged, among other things, to an assumed interest rate (A...
by Levett
Sat Jul 02, 2016 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs. Vanguard REITS
Replies: 26
Views: 2048

Re: TIAA Real Estate vs. Vanguard REITS

TIAA's position seems to be to own both. October 28, 2014 REITs and Real Estate: Complementary through good times and bad In this paper, we re-affirm that REITs and real estate function in a complementary fashion in investment portfolios. Using data through mid-2014, our analysis shows that investor...
by Levett
Fri Jul 01, 2016 6:25 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (June 2016)
Replies: 14
Views: 1027

Re: madsinger monthly report (June 2016)

" This sounds like a broken record but once again, wellington and wellesley are hard to beat." Yep--especially on a risk-adjusted basis. I believe the two funds are regarded as "lucky"--I guess on a long term basis. I know their long term investors feel quite content (theory notw...
by Levett
Thu Jun 30, 2016 4:27 pm
Forum: Personal Consumer Issues
Topic: Tipping Etiquette Question.
Replies: 37
Views: 3364

Re: Tipping Ettiquet Question.

mrc,

Not ordinarily! :wink:

Lev
by Levett
Thu Jun 30, 2016 3:37 pm
Forum: Investing - Theory, News & General
Topic: Betterment's market timing move.
Replies: 5
Views: 813

Re: Betterment's market timing move.

New t-shirt: "The Algo Made Me Do It!" :shock:

Lev
by Levett
Thu Jun 30, 2016 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: At what point do you stop... [chasing rates]
Replies: 32
Views: 3541

Re: At what point do you stop...

"good enough for me."

Exactly.

Good enough is plenty good enough.

Lev
by Levett
Thu Jun 30, 2016 3:13 pm
Forum: Personal Consumer Issues
Topic: Tipping Etiquette Question.
Replies: 37
Views: 3364

Re: Tipping Ettiquet Question.

I'm 100% with Salty because that's how it has worked in my experience.

There's nothing like walking into your neighborhood establishment and the bartender sees you and your wife/partner/buddy/girlfriend and your drinks are waiting for you before you sit down.

Lovely. :happy

Lev
by Levett
Tue Jun 28, 2016 6:35 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri looking to internationalize his portfolio
Replies: 500
Views: 112824

Re: Rick Ferri looking to internationalize his portfolio

"I just thought of something! Is this the international event Rick has been waiting for???"

Good question.

Sure doesn't get much bigger than this, if this is what you have been waiting for.

Me, I just muddle along. I'm not clever.

Lev
by Levett
Mon Jun 27, 2016 1:46 pm
Forum: Investing - Theory, News & General
Topic: Maximize retirement spending... or Happiness?
Replies: 10
Views: 1176

Re: Maximize retirement spending... or Happiness?

You can maximize spending but you can't maximize happiness. When you retire--with however much or however little--you will be the same person you are or were before retirement. You will, however, have more time to be more of you (for good or for ill or for something in between :wink: ). Lev (a grate...
by Levett
Sat Jun 25, 2016 2:52 pm
Forum: Investing - Theory, News & General
Topic: What did you learn from the post-Brexit bloodbath?
Replies: 145
Views: 11424

Re: What did you learn from the post-Brexit bloodbath?

tbradnc--

How silly of me. I must wait for that one.

Meanwhile I live and invest in a sea of "uncertainty."

Oh, dear; oh, dear. :wink:

Lev
by Levett
Sat Jun 25, 2016 2:49 pm
Forum: Investing - Theory, News & General
Topic: What did you learn from the post-Brexit bloodbath?
Replies: 145
Views: 11424

Re: What did you learn from the post-Brexit bloodbath?

"Huge drop." "Bloodbath." My goodness.

Lev
by Levett
Fri Jun 24, 2016 7:04 pm
Forum: Investing - Theory, News & General
Topic: Plunge and Panic-Do You Get It Now?
Replies: 108
Views: 12224

Re: Do You See it Now?

It ain't nuthin'.

Some of us are old enough to remember October 19, 1987 (-22.61%, ladies and gentlemen).

The financial press needs to get a grip.

Lev
by Levett
Fri Jun 24, 2016 6:26 am
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 118
Views: 10435

Re: International stocks in free fall

A colleague sent me a note that the Brits had taken idiosyncrasy a step too far. :wink:

Lev
by Levett
Wed Jun 22, 2016 10:33 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle interview
Replies: 5
Views: 671

Re: Jack Bogle interview

This is only a part of Mr. Bogle's commentary (he does see a use for ETFs), but I just love him ripping into some ETF marketing: "What’s the matter with an ETF? Well, it’s just an index fund that you can “trade all day long, in real time,” as an early ETF advertising campaign boasted. I have ab...
by Levett
Mon Jun 20, 2016 4:40 pm
Forum: Investing - Theory, News & General
Topic: Malkeil on Preferred Stocks - what's the Bogleheads take?
Replies: 33
Views: 2371

Re: Malkeil on Preferred Stocks - what's the Bogleheads take?

I guess Malkiel thinks it's "different this time." :wink:

Lev
by Levett
Sat Jun 18, 2016 7:58 am
Forum: Investing - Help with Personal Investments
Topic: transferring within TIAA
Replies: 1
Views: 215

Re: transferring within TIAA

CREF Stock is roughly 30% international equity and it does use active management. CREF Equity index is 100% U.S and it's passively managed.

I guess it all depends on what kind of management and equity exposure you desire.

Lev
by Levett
Mon Jun 13, 2016 3:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is touting "beat the market," active management
Replies: 63
Views: 5578

Re: Vanguard is touting "beat the market," active management

I think Vanguard, for whom we do NOT make significant executive decisions (which is why we are not truly "owners"), should carry on marketing and developing any product it wishes. It will have no effect on whatever decisions I make or have made (which decisions, in my case, involve combini...
by Levett
Sun Jun 12, 2016 6:44 am
Forum: Personal Consumer Issues
Topic: How many activities for your kids?
Replies: 70
Views: 4993

Re: How many activities for your kids?

Mouses wrote: " As someone who grew up decades ago, I really don't understand this locking children into one activity after another, driving them all over the place leaving no time for creativity." My wife once asked me what do you grandpas talk about in the gym locker room other than spor...
by Levett
Fri Jun 10, 2016 4:52 pm
Forum: Personal Consumer Issues
Topic: Electrical Bone-Growth Stimulator: Saving Money
Replies: 5
Views: 785

Re: Electrical Bone-Growth Stimulator: Saving Money and Efficacy

[Comments removed by admin LadyGeek]

My employer insurance covered the entire treatment.

Lev
by Levett
Wed Jun 08, 2016 7:16 pm
Forum: Investing - Theory, News & General
Topic: Who owns Vanguard?
Replies: 20
Views: 2194

Re: Who owns Vanguard?

I, too, am an owner of TIAA, but unlike with Vanguard I am an informed owner. TIAA spells out its executive compensation. https://www.tiaa.org/public/pdf/about/governance/exec_comp_policy.pdf With Vanguard, it's hush hush. But if TIAA, with $931 billion in assets, dishes out total compensation of ar...
by Levett
Tue Jun 07, 2016 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: What does "Self Insure" mean?
Replies: 43
Views: 3698

Re: What does "Self Insure" mean?

As do I (with Phineas), dm.

It's kind of a known unknown,and that's why I insure rather than "self...whatever."

Lev
by Levett
Mon Jun 06, 2016 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: What is a reasonable decline in spending as we age?
Replies: 72
Views: 4748

Re: What is a reasonable decline in spending as we age?

Hi TimeLord,

My answer is basically "yes" to your questions.

I'm a relatively "early" retiree (I retired 16 years ago at age 58) and have not yet hit the slow-go phase, but I can hear its footsteps! :annoyed

lev
by Levett
Mon Jun 06, 2016 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: What is a reasonable decline in spending as we age?
Replies: 72
Views: 4748

Re: What is a reasonable decline in spending as we age?

Sheepdog wrote:

"I wouldn't plan for a spending decline."

Now in year 16 of retirement, neither would I!

Lev
by Levett
Mon Jun 06, 2016 4:38 pm
Forum: Personal Consumer Issues
Topic: Kitchen remodeling increases home value?
Replies: 30
Views: 1895

Re: Kitchen remodeling increases home value?

http://www.remodeling.hw.net/cost-vs-value/2014/

In our neighborhood, a minor kitchen remodel (e.g., $20K or so) returns about 75-80% of cost. And it sure can move a house for sale!

Lev
by Levett
Mon Jun 06, 2016 9:10 am
Forum: Investing - Help with Personal Investments
Topic: What would a Boglehead do? [401(k) contributions vs. paying off loans]
Replies: 42
Views: 2685

Re: What would a Boglehead do?

It appears you are a married man. What's your spouse's view?

Lev
by Levett
Sat Jun 04, 2016 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Financial Engines made a big move in my investments
Replies: 23
Views: 3401

Re: Financial Engines made a big move in my investments

dbr wrote: " I don't think I would choose to leave money with authority to trade at will with anyone. Certainly I would not do it without a clear understanding of what might provoke trading of various sorts." Much as I agree with Christine about the usefulness of "a little fear,"...
by Levett
Wed Jun 01, 2016 6:18 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2843

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

Your mom should follow Steve's advice. He is deeply experienced in these matters.

You might consider sending Steve a private message so that the details of your mom's accounts are not revealed any further than they have been.

Lev
by Levett
Sun May 29, 2016 12:06 pm
Forum: Investing - Theory, News & General
Topic: Retiree feelings about nest egg
Replies: 36
Views: 6382

Re: Retiree feelings about nest egg

Well into my retirement, I value the sheer experience of autonomy coupled with an immense sense of gratitude for the time allowed to explore and share. It's not primarily about the ups and downs of a portfolio. It's about the experiences and friends you have gained and your opportunity to remain in ...
by Levett
Sat May 28, 2016 1:55 pm
Forum: Personal Consumer Issues
Topic: tips for weight exercises/training
Replies: 81
Views: 5201

Re: tips for weight exercises/training

If you are near a sports medicine facility, get a physical workup first. After that (health permitting), establish a workout program developed by a certified sports trainer. Or, if you live near a local YMCA, sign up for a beginning class for seniors. Working out with a supervised group will be more...
by Levett
Sat May 28, 2016 1:36 pm
Forum: Personal Consumer Issues
Topic: Traveling through Albuquerque - safe to stop?
Replies: 50
Views: 4891

Re: Traveling through Albuquerque - safe to stop?

Maybe if there's real danger in ABQ it's the cops! Justice Dept is monitoring them. https://www.justice.gov/usao-nm/apd We are in ABQ about 3 times a year, both for the pleasures of ABQ (some awfully nice restaurants), Hyatt Tamaya in Bernalillo, and of course Santa Fe where we have family. If you h...
by Levett
Fri May 27, 2016 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA-CREF Bond funds - help deciphering!
Replies: 31
Views: 1323

Re: TIAA-CREF Bond funds - help deciphering!

"Up until this point, they have been taking their annual exit money from Traditional and putting it in CREF stock, then pulling their monthly income from there. They do this without paying any attention to their asset allocation, which is slowly but surely becoming MORE aggressive." This ...
by Levett
Fri May 27, 2016 11:19 am
Forum: Personal Consumer Issues
Topic: Do I want a house with a pool?
Replies: 96
Views: 7345

Re: Do I want a house with a pool?

"Pools are a "love it or hate it" sort of thing." My experience is that we sometimes hate it and sometimes love it. But the love is more intense than the hate. :wink: And if you have one, don't simply budget for chemicals. My experience with sand filters, pumps, chlorinators, he...
by Levett
Fri May 27, 2016 6:12 am
Forum: Investing - Theory, News & General
Topic: The problem with predictions: Will 2000-Era Retirees Experience the Worst Retirement Outcomes in U.S. History?
Replies: 33
Views: 3524

Re: The problem with predictions: Will 2000-Era Retirees Experience the Worst Retirement Outcomes in U.S. History?

I retired in July of 2000, implemented what Pfau has recently called a "safety first" portfolio, and am all gratitude. 8-)

Lev
by Levett
Thu May 26, 2016 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA-CREF Bond funds - help deciphering!
Replies: 31
Views: 1323

Re: TIAA-CREF Bond funds - help deciphering!

The "why" was addressed to the part of your commentary that I underlined. The 9 years and a day protects your parents from what amounts to a "run" on the account. Witness the behavior of "investors" during 2008-2009. Here is a relevant link (note the options listed near...
by Levett
Thu May 26, 2016 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA-CREF Bond funds - help deciphering!
Replies: 31
Views: 1323

Re: TIAA-CREF Bond funds - help deciphering!

" but they are on a 9 years and one day plan to move all of the money out of Traditional and into other things (this could be stopped and annuitized, but they don't want to do that), so we need to find a suitable bond solution." Why? Are you aware that they can (POSSIBLY) move the payments...
by Levett
Tue May 24, 2016 6:34 pm
Forum: Investing - Theory, News & General
Topic: New rules for retirement advisors rolled back
Replies: 4
Views: 657

Re: New rules for retirement advisors rolled back

I am afraid the motivation is both obvious and out of bounds at this site. But I sure would like to hear John Bogle's take. :happy Lev Edit: I didn't have to look far for Mr. Bogle's response from today. http://www.philly.com/philly/business/retirement/20160525_Vanguard_s_Bogle_lauds_new_fiduciary-d...
by Levett
Tue May 24, 2016 1:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Advisor Services now live
Replies: 48
Views: 10154

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

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