Search found 85 matches

by Morse Code
Tue Oct 10, 2017 2:00 pm
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 7048

Re: Has your "risk tolerance" been tested?

I have been investing for 20 years, but I've never been tested. Why? In 2000 my portfolio was about $10,000, in 2007, about $75,000. In both cases I was 100% equities, but so far from having "real" money that it didn't phase me a bit. Starting in 2008, I was finally able to start socking significant...
by Morse Code
Mon Oct 09, 2017 1:39 pm
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 141
Views: 16340

Re: Bogle himself is saying we will expect like 3% for the next decades

I've been a Vanguard shareholder and followed the Diehards/Bogleheads forums since about 2001. It seems to me, Bogle's been warning about low equity returns for at least a couple decades and probably before that. I'm glad I've ignored this and kept high equity allocations all along.
by Morse Code
Sun Oct 08, 2017 8:21 pm
Forum: Investing - Theory, News & General
Topic: AAII Article: Target Wealth A Better Bet For Achieving Wealth Goals
Replies: 13
Views: 2141

Re: AAII Article: Target Wealth A Better Bet For Achieving Wealth Goals

Here's my simple glide path formula: Current Portfolio Value/Target Portfolio Value = % of Target % of Target * Desired Bond Allocation % at Retirement = Current % Bonds Thanks. I think that's a good rule of thumb. So trying to make this concrete with an example: Target retirement income = $100 k T...
by Morse Code
Wed Oct 04, 2017 8:09 am
Forum: Investing - Theory, News & General
Topic: AAII Article: Target Wealth A Better Bet For Achieving Wealth Goals
Replies: 13
Views: 2141

Re: AAII Article: Target Wealth A Better Bet For Achieving Wealth Goals

Here's my simple glide path formula:

Current Portfolio Value/Target Portfolio Value = % of Target

% of Target * Desired Bond Allocation % at Retirement = Current % Bonds
by Morse Code
Wed Oct 04, 2017 7:28 am
Forum: Investing - Theory, News & General
Topic: AAII Article: Target Wealth A Better Bet For Achieving Wealth Goals
Replies: 13
Views: 2141

Re: AAII Article: Target Wealth A Better Bet For Achieving Wealth Goals

For some time I was undecided as to the best glide path for our portfolio. Then one day on this forum I was introduced to the concept of "target wealth" versus "target date". It was an "ah hah!" moment and I adopted it from that point. It made perfect sense to me. My strategy is a little simpler tha...
by Morse Code
Fri Sep 29, 2017 8:49 am
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7978

Re: 3 stages of Financial Independence

I have a little different way of thinking about your three financial levels (I see them more as "levels" rather than "stages"). Currently, based on our income, expenses and savings, we are at Level #2. I often think about how I want to be when I retire. I could retire early and get out of the rat ra...
by Morse Code
Fri Sep 29, 2017 8:33 am
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7978

Re: 3 stages of Financial Independence

I like it. Seems pretty reasonable and accurate. I would put us firmly in Stage #2.

Just to clarify, do you consider these to be stages in a families' financial situation throughout their working and retirement years, or just working years or just retirement?
by Morse Code
Thu Sep 21, 2017 10:43 am
Forum: Investing - Theory, News & General
Topic: AA if you were just starting out again
Replies: 49
Views: 3910

Re: AA if you were just starting out again

Same stock/bond glide path, but I would include more factor exposure on the equity side. Here's my simple three fund portfolio:

Small Cap Value (39%)
Int'l Small Cap (39%)
Intermediate Treasuries (22%)
by Morse Code
Tue Jul 25, 2017 1:39 pm
Forum: Investing - Theory, News & General
Topic: Changes in your risk profile
Replies: 13
Views: 907

Re: Changes in your risk profile

I had read a couple of posts on this board recently where a forum member was suggesting setting your bond allocation as a function of the target number instead of your age. So, using this method, if your target was a $1 million portfolio @ 70% bonds you would work backwards from there. So 900K woul...
by Morse Code
Tue May 16, 2017 7:05 am
Forum: Investing - Theory, News & General
Topic: Tilting vs simplicity -- and where to tilt?
Replies: 12
Views: 1584

Re: Tilting vs simplicity -- and where to tilt?

NiceUnparticularMan wrote:...So there you go--all your stocks in VBR and VSS, and you have a nicely-tilted global stock portfolio...
And this is exactly what I do. Thanks for the validation. You made my day. :happy
by Morse Code
Fri May 05, 2017 12:08 pm
Forum: Investing - Theory, News & General
Topic: Tips From Older Bogleheads?
Replies: 52
Views: 5541

Re: Tips From Older Bogleheads?

I will turn 48 this week. Don't know if that's old to the OP, but I will tell you that I didn't start making decent money until about ten years ago. Since then my net worth has increased dramatically. I just regret that it took so long for me to settle in to a career and increase my income. Boglehea...
by Morse Code
Tue Apr 25, 2017 7:26 am
Forum: Investing - Theory, News & General
Topic: Larry Portfolio Equities: What % Each Market?
Replies: 50
Views: 4532

Re: Larry Portfolio Equities: What % Each Market?

NiceUnparticularMan wrote:
stlutz wrote:Betting only on small/value is not factor diversified.
This is a crucial premise in your argument, and...
Nice explanation.
by Morse Code
Thu Apr 20, 2017 2:20 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 44354

Re: Larry Swedroe says "Goodby."

Because I don't come here everyday or even every month, I'm one of the posters that would ask a question from time to time that was probably addressed by Larry a thousand times. I was always surprised and delighted when he would respond anyway. Larry is one of the experts I have trusted the most thr...
by Morse Code
Fri Apr 14, 2017 7:58 am
Forum: Investing - Theory, News & General
Topic: Jack says be realistic
Replies: 48
Views: 6725

Re: Jack says be realistic

Not really. I'd say it has done a pretty horrible job. It is so far off I don't understand how anyone could even consider basing actions on it. Here's Bogle's model for the past several years https://monosnap.com/file/cYm3w5pcQbeJKbim7hS4AzLr0wwPTC.png Interesting table. It coincides with about the...
by Morse Code
Fri Apr 07, 2017 2:47 pm
Forum: Investing - Theory, News & General
Topic: What are "safe bonds"?
Replies: 16
Views: 1352

Re: What are "safe bonds"?

Phineas J. Whoopee wrote:...OP: With respect to individual investing that word is often used to mean investment grade bonds of no more than intermediate term.
PJW
PJW - Thanks for your concise answer and links.
by Morse Code
Fri Apr 07, 2017 7:28 am
Forum: Investing - Theory, News & General
Topic: What are "safe bonds"?
Replies: 16
Views: 1352

What are "safe bonds"?

I see the term used a lot here, especially when discussing the Larry Portfolio. I did a search and was not able to find an explanation in other threads. Probably didn't look hard enough. The term implies there are "safe" and "unsafe" bonds. Are unsafe bonds just lower quality corporate bonds (high y...
by Morse Code
Fri Apr 07, 2017 7:05 am
Forum: Investing - Theory, News & General
Topic: Which Larry Portfolio variation would you choose?
Replies: 30
Views: 3751

Re: Which Larry Portfolio variation would you choose?

My guess is that Larry would recommend holding CDs in an IRA or munis (if in taxable) over treasuries. Additionally he might now recommend alts like P2P lending, AQR managed futures and AQR multi-style period to replace some treasuries depending on several factors. I hold most of my bonds in a 401k...
by Morse Code
Thu Apr 06, 2017 12:19 pm
Forum: Investing - Theory, News & General
Topic: Which Larry Portfolio variation would you choose?
Replies: 30
Views: 3751

Re: Which Larry Portfolio variation would you choose?

I was under the impression Vanguards Intermediate Term Treas (VFIUX) was the best fixed income fund option for implementing this strategy. A couple of Larry's comments on this thread have caused me to second guess this. Is there a better VG fixed income fund for this strategy?
by Morse Code
Thu Apr 06, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: Which Larry Portfolio variation would you choose?
Replies: 30
Views: 3751

Re: Which Larry Portfolio variation would you choose?

NiceUnparticularMan wrote:Probably #1...
Thanks for your thoughts, NiceUnparticularMan!
by Morse Code
Thu Apr 06, 2017 9:45 am
Forum: Investing - Theory, News & General
Topic: Which Larry Portfolio variation would you choose?
Replies: 30
Views: 3751

Re: Which Larry Portfolio variation would you choose?

fwiw, TE should be irrelevant to sophisticated investor...Of course I would use CDs, not Treasuries, if can. Larry Thanks for responding, Larry. TE has never been an issue with me. I guess that makes me sophisticated! :) Part of the reason I hold any LC is a portion of my portfolio (my HSA) has lim...
by Morse Code
Thu Apr 06, 2017 8:00 am
Forum: Investing - Theory, News & General
Topic: Which Larry Portfolio variation would you choose?
Replies: 30
Views: 3751

Which Larry Portfolio variation would you choose?

If you were planning to retire in 12 years and could only choose one portfolio, which would you choose? #1 25% VG Value Index 25% VG Sm Value 25% VG Sm Int'l 25% VG Intermediate Treas. #2 33% VG Sm Value 33% VG Sm Int'l 33% VG Intermediate Treas. Before anyone lectures me, I know this is splitting h...
by Morse Code
Tue Feb 07, 2017 1:47 pm
Forum: Investing - Theory, News & General
Topic: Fresh Look at the "Larry Portfolio" from Portfolio Charts
Replies: 115
Views: 13466

Re: Fresh Look at the "Larry Portfolio" from Portfolio Charts

This portfolio concept appeals to me. Is there any reason I have to wait until I've "won the game" to implement? Assuming I understand the tracking error risk, would this work with a higher equity allocation too. For example, would it be crazy to do 33% ITT, 33% Small Value, 33% Int'l Smal...
by Morse Code
Wed Dec 28, 2016 2:53 pm
Forum: Personal Consumer Issues
Topic: How to get rid of your belly........
Replies: 82
Views: 11717

Re: How to get rid of your belly........

uncaD wrote:
Tycoon wrote:Calories in < Calories burned


This is all there is to it.


As others have mentioned, there is a large body of scientific research and multiple studies that contradict this. The science suggests not all calories are the same.
by Morse Code
Wed Dec 28, 2016 11:35 am
Forum: Personal Consumer Issues
Topic: How to get rid of your belly........
Replies: 82
Views: 11717

Re: How to get rid of your belly........

You can try all the fad diets in the world, but it will always come down to: 1. Work out more 2. Eat less Both of these things require self-discipline in the long-term, which is the snagging point for 99% of Americans. The fad diets will just end up either A) harming your health; B) harming your wa...
by Morse Code
Wed Dec 28, 2016 11:19 am
Forum: Personal Consumer Issues
Topic: How to get rid of your belly........
Replies: 82
Views: 11717

Re: How to get rid of your belly........

Another anecdote here for a low carb diet. Lost 25 pounds (200 to 175) and have kept it off for a year now. Sugar is the biggest culprit. For whatever it's worth, I have always worked out (running and weight training). I didn't lose my excess weight until I changed my diet. Not saying exercise isn't...
by Morse Code
Sat Dec 17, 2016 9:31 pm
Forum: Personal Consumer Issues
Topic: Front Wheel Drive (FWD) vs All Wheel Drive (AWD)
Replies: 136
Views: 10202

Re: Front Wheel Drive (FWD) vs All Wheel Drive (AWD)

Let me be frank. If you drive in an area where it is regularly below 40 degrees and snows during winter, you're stupid if you don't put winter tires on your car. I guess the vast majority of people I've ever known are stupid. Snow tires are great, but there's no need to be dogmatic and insulting. I...
by Morse Code
Sat Dec 17, 2016 9:05 pm
Forum: Personal Consumer Issues
Topic: Front Wheel Drive (FWD) vs All Wheel Drive (AWD)
Replies: 136
Views: 10202

Re: Front Wheel Drive (FWD) vs All Wheel Drive (AWD)

Let me be frank. If you drive in an area where it is regularly below 40 degrees and snows during winter, you're stupid if you don't put winter tires on your car. As others have pointed out, the cost in minimal. I don't find it to be much of a hassle. I switch out the tires on all three of our vehicl...
by Morse Code
Thu Dec 15, 2016 1:54 pm
Forum: Personal Consumer Issues
Topic: Front Wheel Drive (FWD) vs All Wheel Drive (AWD)
Replies: 136
Views: 10202

Re: Front Wheel Drive (FWD) vs All Wheel Drive (AWD)

I'll chime in with my experience in West Michigan (70+ inches on average). Three years ago we built our dream house back in the woods at the end of a long driveway with a hill leading up to the house. First year we had to park cars at the bottom of the hill several times during the winter. Then I di...
by Morse Code
Thu Jul 28, 2016 3:51 pm
Forum: Personal Consumer Issues
Topic: Winter Tires: Yay or Nay
Replies: 105
Views: 8368

Re: Winter Tires: Yay or Nay

A few years ago we moved to a house with a steep incline on the driveway leading up to the house. That first winter our cars spent several nights parked at the bottom of the hill because we couldn't make it up with all-season tires if the driveway had any ice. The next year I put winters on my wife'...
by Morse Code
Fri Jun 17, 2016 9:21 am
Forum: Investing - Theory, News & General
Topic: "How to Make Your Money Last" -- A Gem
Replies: 43
Views: 11145

Re: "How to Make Your Money Last" -- A Gem

Bogleheads:I love Social Security. It's America's finest retirement plan. Nothing else gives you the same combination of income for life, inflation protection, tax benefits, government-backed payment guarantees, and built-in spouse protection, with no annual investment fee and no market risk. A com...
by Morse Code
Thu May 26, 2016 9:42 am
Forum: Investing - Help with Personal Investments
Topic: please advise: how to get intl value exposure at lower cost
Replies: 17
Views: 2063

Re: please advise: how to get intl value exposure at lower cost

I've wrestled with the same dilemma. I settled on not getting my value tilt on the int'l side, but instead using Value Index (VVIAX) and Small Cap Value (VSIAX) on the domestic side where it is cheaper (.08%).
by Morse Code
Wed Apr 20, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Progressive or Geico?
Replies: 37
Views: 4448

Re: Progressive or Geico?

Also, it would be illegal for them to sell you coverage at a lower rate just because you ask. It's not like the cable company. Most rates are filed and approved by the state where the insurance is sold.
by Morse Code
Wed Apr 20, 2016 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Progressive or Geico?
Replies: 37
Views: 4448

Re: Progressive or Geico?

Some of you seem to be mistakenly under the impression that an insurance agent sets the prices for the products they sell. That is not the case. There really is nothing they can do to lower your rates.
by Morse Code
Wed Dec 16, 2015 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Is TIAA-CREF one of the "good guys"?
Replies: 54
Views: 11009

Re: Is TIAA-CREF one of the "good guys"?

I would say that they, like Vanguard, are one of the "better guys", at least as of current. No financial institution is without faults, so I wouldn't label anyone unequivocally as a "good guy". Fair enough. Maybe it would be better to ask if their products and services represent...
by Morse Code
Wed Dec 16, 2015 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Is TIAA-CREF one of the "good guys"?
Replies: 54
Views: 11009

Re: Is TIAA-CREF one of the "good guys"?

Levett wrote:What rubbish!


What exactly is "rubbish", that some financial services companies attempt to exploit people's ignorance? That seems self evident, not melodramatic.
by Morse Code
Wed Dec 16, 2015 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Is TIAA-CREF one of the "good guys"?
Replies: 54
Views: 11009

Re: Is TIAA-CREF one of the "good guys"?

Thank you to those who responded. I have a high net worth friend who is considering their services and asked my opinion. I don't know enough about TIAA-CREF to have an opinion, but I knew I would get some good information here. I basically just want to know if they run their business in a way that i...
by Morse Code
Tue Dec 15, 2015 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is TIAA-CREF one of the "good guys"?
Replies: 54
Views: 11009

Is TIAA-CREF one of the "good guys"?

Does anyone have personal experience with TIAA-CREF's Individual Advisory Services? What I really would like to know is do they provide good products and services at reasonable cost like Vanguard or are they one of the companies that exploit consumers with unsuitable, expensive products with strong ...
by Morse Code
Fri Jul 10, 2015 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Lake Michigan Credit Union
Replies: 60
Views: 9540

Re: Lake Michigan Credit Union

David Jay wrote:Do we need to start a WM Bogleheads chapter?


I'm in (Caledonia).
by Morse Code
Mon Jul 06, 2015 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: If you wouldn't buy it, then you should sell it
Replies: 35
Views: 5617

Re: If you wouldn't buy it, then you should sell it

I hardly ever post, but I enjoyed bottlecap's post above so much I logged on just to say, "Great post, bottlecap"!
by Morse Code
Tue Jan 27, 2015 10:18 am
Forum: Personal Consumer Issues
Topic: 400ft Driveway - How do I plow the snow?
Replies: 67
Views: 23256

Re: 400ft Driveway - How do I plow the snow?

Concerning some of the remarks about ATV plows piling snow on each side of the driveway, that was a concern for me towards the end of last winter. The driveway was so narrow in places, you would not have been able to open the car doors on either side. However, this was a once in lifetime event (116 ...
by Morse Code
Mon Jan 26, 2015 3:14 pm
Forum: Personal Consumer Issues
Topic: What do you drive, and why?
Replies: 255
Views: 35186

Re: What do you drive, and why?

Me - 2001 Honda Odyssey - 257,000 miles. I will replace it when something major goes wrong. It's rusting out, but just will not die. Teenage kids - 1998 Subaru Outback - 212,000 miles. Wife - 2012 Hyundai Elantra - 60,000 miles. Why? They are all safe and reliable and serve a specific need, I guess.
by Morse Code
Mon Jan 26, 2015 2:59 pm
Forum: Personal Consumer Issues
Topic: 400ft Driveway - How do I plow the snow?
Replies: 67
Views: 23256

Re: 400ft Driveway - How do I plow the snow?

I have a 600' driveway with a hill leading to the house. This is my third winter in this house and last year we had the most snowfall since 1950 (116 inches in Grand Rapids, MI). I plow it in about 20 minutes with a Honda Rubicon 4x4 ATV with a blade. I bought the ATV used for $4500 and drive it yea...
by Morse Code
Wed Jan 28, 2009 4:25 pm
Forum: Investing - Theory, News & General
Topic: Three Simple Portfolios -- including one from Larry
Replies: 29
Views: 6169

No REIT?

Larry, I know you like the REIT asset class as an equity diversifier. Did you choose not to include it in this portfolio for simplicity? Do you think 20% of equity is too high for REIT? For example, here is my equity AA: 20% US Large Blend 20% US Small Value 20% Int'l Large Value (includes EM) 20% I...
by Morse Code
Wed Jan 28, 2009 2:12 pm
Forum: Investing - Theory, News & General
Topic: GOT ANY PEARLS OF WISDOM FOR BOGLEHEADS BOOK?
Replies: 210
Views: 34578

Here's a couple:

Low-cost investing is not so much about counting every dollar, as it is about making every dollar count. "We are what we repeatedly do. Excellence, therefore, is not an act, but a habit." (Aristotle) Paraphrasing Bogle: With most things in life, you get what you pay for. With investing, yo...
by Morse Code
Fri Dec 26, 2008 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: The lake home
Replies: 6
Views: 1632

Recommended Reading

I have stumbled upon a great book on the subject. It's called "Saving the Family Cottage..." You can find it at Amazon. It was written by an attorney that specializes in this aspect of law. It is well written and contains valuable information.
by Morse Code
Tue Nov 25, 2008 4:16 pm
Forum: Investing - Theory, News & General
Topic: What is your current Age and Asset Allocation?
Replies: 106
Views: 19008

Age 39, wife 34

100% equities (US, Int'l, REIT)
by Morse Code
Thu Jun 12, 2008 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Plan A vs Plan B?
Replies: 10
Views: 1918

Thanks, G-Money: It did occur to me to combine the two like you suggest. Not a bad idea. When I attempted to crunch the numbers, Plan A came out way ahead of Plan B. That's why I don't trust my analysis... I didn't think it could be so lopsided one way or another. I used a 4% rate on my savings and ...
by Morse Code
Thu Jun 12, 2008 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Plan A vs Plan B?
Replies: 10
Views: 1918

bolt: Refi would make no sense because 1st mortgage is already lower than current rates. I do intend to replace with used, but two good quality used cars will still run 20 to 30k. jsavage: My current vehicles are a 2000 with 120k miles and a 2001 with 150K miles. My plan to replace them in five year...
by Morse Code
Thu Jun 12, 2008 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Plan A vs Plan B?
Replies: 10
Views: 1918

Plan A vs Plan B?

Diehards, I have an extra $600 per month in my budget. I have two objectives I would like to achieve with this money. I have a 2nd mortgage at 6.875% I would like to pay off, but I will also need to replace our two vehicles in about five years. Help me decide between the following plans (or suggest ...
by Morse Code
Fri Apr 25, 2008 7:50 am
Forum: Investing - Theory, News & General
Topic: Is 100% equities safer than 50:50....
Replies: 59
Views: 13431

Regarding fee-only advisors

I recall Larry Swedroe once admitting on the Morningstar board that he did not own fixed income until all his debt was payed off.