Search found 1252 matches

by Snowjob
Sun Apr 23, 2017 9:22 am
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 121
Views: 6016

Re: Is there any reason a buy-and-hold investor would buy gold?

For all the theory that the physiological link to gold as money will die over time with the youth in this country post, it is interesting to come back to this. If the world eventually loses interest it would be the central banks that are on the hook for the biggest losses right? You have to be care...
by Snowjob
Tue Apr 18, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 121
Views: 6016

Re: Is there any reason a buy-and-hold investor would buy gold?

...I find it interesting that the U.S. and Germany are the 2 largest holders of the metal... For all the theory that the physiological link to gold as money will die over time with the youth in this country post, it is interesting to come back to this. If the world eventually loses interest it woul...
by Snowjob
Tue Apr 18, 2017 8:03 am
Forum: Investing - Theory, News & General
Topic: Janus Unconstrained, almost three years in...
Replies: 27
Views: 3391

Re: Janus Unconstrained, almost three years in...

I do recall reading one of Bill Gross' investor letters some years ago (probably around the time of the break with PIMCO) called man in the mirror where he does comptemplate how much of his success was just simply dumb luck of being on the right side of a 30 year bull market. :beer
by Snowjob
Mon Apr 17, 2017 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: TIPS for younger retiree
Replies: 2
Views: 361

Re: TIPS for younger retiree

I'm really glad you posted this because I was about to post a hypothetical situation to which you have basically described. Essentially, how much inflation insurance should I buy given a substantial time gap between early retirement (49) and Social security (70) Given that I had not planned on buyin...
by Snowjob
Mon Apr 17, 2017 8:07 am
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 121
Views: 6016

Re: Is there any reason a buy-and-hold investor would buy gold?

I struggle with the idea of it. It certainly would be an insurance policy of sorts, maybe 3-4% of the portfolio. In reality I am willing to bank that the US does not collapse in my life time. if so that gold will still be relatively useless anyway imo. Like most people I look at the early 1970's and...
by Snowjob
Sun Apr 16, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Why do you save?
Replies: 31
Views: 1918

Re: Why do you save?

I suppose the specific goal (function of portfolio size etc) changes over time but the purpose of my savings is to replace income when sufficient employment is no longer attenable. No one really knows when that will be and considering risk of detachment from the workforce increases exponentially as ...
by Snowjob
Thu Apr 13, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: When need and want take different paths.......
Replies: 30
Views: 2223

Re: When need and want take different paths.......

...You don't need it, you don't drive much anymore (5K annual)... Unless you are talking about a classic car, this actually would be a scenario where a lease makes sense. Think of it as an expensive 3 year rental trial period. If you really like it then you can buy it knowing you will be satisfied....
by Snowjob
Wed Apr 12, 2017 6:21 am
Forum: Investing - Theory, News & General
Topic: Rebalancing Stock/Bonds ratio based on long term technical analysis?
Replies: 6
Views: 607

Re: Rebalancing Stock/Bonds ratio based on long term technical analysis?

Someone on this forum did that successfully years ago but I don't recall their name. They did retire early from it. I supposed during their stretch it worked out great. I would be scared to try it and end up being wrong, I'm sure there are many examples of it not working out also.
by Snowjob
Tue Apr 11, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: When to slow down.
Replies: 33
Views: 5113

Re: When to slow down.

You already did the biggies... Out of Debt, Started an EF.. Started a Roth.. I would continue (to the extent that there is no strain on your relationship) until you end up with a year's expenses in the emergency fund. After that I'd scale back to one job and re-prioritize. Congrats on digging out qu...
by Snowjob
Sat Apr 08, 2017 9:06 am
Forum: Investing - Theory, News & General
Topic: When a company is bought out, what happens to the stock (like with Panera/Krispy Kreme)?
Replies: 34
Views: 3348

Re: When a company is bought out, what happens to the stock (like with Panera/Krispy Kreme)?

...You had individual stock risk.... Yep, if you get rid of individual stocks / bonds / options / margin / market timing etc. you take market risk and get market returns. At that point your place in the future economic food chain becomes based on your savings rate. Taking additional risk opens you ...
by Snowjob
Sat Apr 08, 2017 8:54 am
Forum: Investing - Theory, News & General
Topic: When a company is bought out, what happens to the stock (like with Panera/Krispy Kreme)?
Replies: 34
Views: 3348

Re: When a company is bought out, what happens to the stock (like with Panera/Krispy Kreme)?

BW1985 wrote:
Snowjob wrote:...
Ever since I've adopted bonehead ways my returns are absolutely lower, but I guess I'm taking less risk.

...
Lol. Bonehead ways


Autocorrect? whoops lol
by Snowjob
Sat Apr 08, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: 33 yr old Fed wants to be a boglehead
Replies: 23
Views: 2312

Re: 33 yr old Fed wants to be a boglehead

1.) How much do you expect from your pension / I assume its COLA? 2.) How much do you expect in retirement? My gut tells me that the pension + SS etc will cover the vast majority of your needs, so don't feel bad about having a smaller portfolio. you have 17 years to retirement and I would suggest fo...
by Snowjob
Thu Apr 06, 2017 9:09 pm
Forum: Investing - Theory, News & General
Topic: When a company is bought out, what happens to the stock (like with Panera/Krispy Kreme)?
Replies: 34
Views: 3348

Re: When a company is bought out, what happens to the stock (like with Panera/Krispy Kreme)?

Hmmm...$315/share ? I remember researching them, while still in STL (they were based there-- St. Louis Bread Company) when they were $8 a stub :shock: Didn't pull the trigger-- didn't expect the level of growth that they had; expected more competition leading to lower ROI...somehow they're still ge...
by Snowjob
Thu Apr 06, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 23290

Re: Low-earners- What is your profession?

...We are in our 50's now and have ground, scratched, clawed, worked our way up to finally bump over the $100K hurdle as I guess we have now hit our "peak earning years". Although it's barely over $100K. The timing of reaching that mark happened to be right when we had two kids in college...
by Snowjob
Tue Apr 04, 2017 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluating a margin investment
Replies: 14
Views: 659

Re: Evaluating a margin investment

... There are a million variables, if you could be about 50x more specific we could comment rationally. What would you need to know? I'm not looking to discuss my investment in public, I just want to have a tool to see how well/bad I did. Thank you. Well honestly if this is after the fact you shoul...
by Snowjob
Tue Apr 04, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Enjoying the journey to retirement
Replies: 23
Views: 2273

Re: Enjoying the journey to retirement

I think its because you are prioritizing all of these fun things in life instead of work. (and the healthy food & exercise is actually a really good boost too)
by Snowjob
Tue Apr 04, 2017 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Evaluating a margin investment
Replies: 14
Views: 659

Re: Evaluating a margin investment

David Jay wrote:
...I thought my comment was rational.

Cynical, but rational... :wink:


LOL... well I suppose that could be the case :D
by Snowjob
Tue Apr 04, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Got my second comma -- what is this anticlimactic feeling?
Replies: 55
Views: 6464

Re: Got my second comma -- what is this anticlimactic feeling?

A mild case of impostor syndrome? That would totally be me if I were a high achiever, so it cant be me.. right wait... but yeah I'm totally of this psychological mind set regardless of my achievements or abilities in anyone else's mind. When I crossed the two comma mark in my early 30's despite a m...
by Snowjob
Tue Apr 04, 2017 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Evaluating a margin investment
Replies: 14
Views: 659

Re: Evaluating a margin investment

Your question is fairly vague. Its kind of like saying -- does anyone know how to procure transit to my place of employment. There are a million variables, if you could be about 50x more specific we could comment rationally.
by Snowjob
Mon Mar 27, 2017 3:43 pm
Forum: Investing - Theory, News & General
Topic: Bernstein's Skating Where Puck Was and Factor Investing
Replies: 11
Views: 1443

Re: Bernstein's Skating Where Puck Was and Factor Investing

The older I get the less I want to deviate from the market cap weighting -- own everything in part for simplicy and in part for the reasons you stated. I do have an allocation to "quality" which becomes a progressively smaller as I increase my pure market cap weighted exposure over time.
by Snowjob
Mon Mar 27, 2017 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Is it time for TIPS?
Replies: 13
Views: 2003

Re: Is it time for TIPS?

...I allocate a portion of my bonds to TIPS, maybe 15% or so of my bond portfolio. Given your statement that it took equity 10 years to get its inflation adjustment (I would guess bonds took quite a while as well) do you think 15% of your bond % is enough? I mean clearly it must be or you would hav...
by Snowjob
Mon Mar 27, 2017 12:23 pm
Forum: Investing - Theory, News & General
Topic: "Designing Your "Glide Path"
Replies: 25
Views: 3104

Re: "Designing Your "Glide Path"

Mine will be of increasing equity -- (though I guess a smile would be more like it) I plan on replacing a large portion of portfolio withdrawals at 70 with an SPIA & Social Security, then again in my 80's via a deferred annuity. Over my life span I'll probably go from about 75/25 in my early yea...
by Snowjob
Tue Mar 21, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: My retirement funding strategy - for comments please
Replies: 10
Views: 1297

Re: My retirement funding strategy - for comments please

Having a large gap between spouses age wise is an interesting dynamic. Not to side track it to much, but if your younger spouse worked and had accumulated the same social security benefit would that change the decision? what if the younger spouse was very successful and was entitled to a larger bene...
by Snowjob
Tue Mar 21, 2017 11:14 am
Forum: Investing - Theory, News & General
Topic: What's your strategy for withdrawing funds in Retirement ?
Replies: 57
Views: 6098

Re: What's your strategy for withdrawing funds in Retirement ?

Heavily withdraw my 401k between 5x->70.

At the age of 70, convert what is left in the 401k to an inflation indexed SPIA.

Taxable account will be left to the kids for step up basis, If I don't have kids then it will be given to charity.
by Snowjob
Sun Mar 19, 2017 5:15 pm
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 105
Views: 14191

Re: What % of your income have you converted to wealth?

4 years later still 58%. Pleased with net worth progression but 4 peak earnings years for both of us and weak international equity performance (we are global market cap weighted) kept the wealth to cumulative income ratio in check. College costs wrapped up in 2016 - whew...... I don't recall where ...
by Snowjob
Thu Mar 16, 2017 5:53 am
Forum: Investing - Theory, News & General
Topic: Astrid Menks Buffett's Asset Allocation
Replies: 7
Views: 949

Re: Astrid Menks Buffett's Asset Allocation

Agreed, the portfolio will be sizable and their required with-drawls will be quite small -- if I recall they have always lived a modest lifestyle despite being enormously wealthy!
by Snowjob
Fri Mar 10, 2017 12:56 pm
Forum: Investing - Theory, News & General
Topic: Asset Placement Turned Upside Down, Bonds in Taxable?
Replies: 51
Views: 4010

Re: Asset Placement Turned Upside Down, Bonds in Taxable?

You guys are missing a important issue that has been around for more than 8 years. Tax exempt bonds yield (VWITX) is the same or more than intermediate term bonds (VFICX) and better than treasuries. So for a very long time just owning tax exempt bonds was a better deal than owing total bonds or tre...
by Snowjob
Fri Mar 10, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: Asset Placement Turned Upside Down, Bonds in Taxable?
Replies: 51
Views: 4010

Re: Asset Placement Turned Upside Down, Bonds in Taxable?

As someone has argued this point with Doc before, I'll summarize the findings. Yes, stocks in a Roth are expected to leave you with a higher ending balance HOWEVER, this is only the case if you do not re-balance to a tax adjusted set asset allocation (essentially your taking more risk). That was th...
by Snowjob
Fri Mar 03, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 16214

Re: Possibly Financially Independent and Feeling Miserable

1.) Keep saving in HSA and 401k for tax purpose and let the rest of your pay check go straight to the cash account. 2.) Ignore money all together from this point forward and focus 100% on the rest of life 2a.) Internally focus on eating well, exercising, and getting a full rest 2b.) Join a bunch of ...
by Snowjob
Thu Feb 23, 2017 11:42 am
Forum: Investing - Help with Personal Investments
Topic: S&P at 22 times multiple
Replies: 40
Views: 4770

Re: S&P at 22 times multiple

Some of this could be the pricing in of expected tax reductions boosting the E in that ratio. While this forum may ban talk about future policy the market does not ignore these things and is discounting some of this appropriately. If you back that down to 20, its more in line with the historical 16-...
by Snowjob
Wed Feb 22, 2017 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Millionaire
Replies: 65
Views: 7969

Re: New Boglehead Millionaire

Congrats!!

Impressive you did it in 5 years!!
by Snowjob
Tue Feb 21, 2017 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: "High conviction investing"
Replies: 26
Views: 1499

Re: "High conviction investing"

I believe "high conviction" means "a willingness to place large concentrated bets in a few stocks you really believe in, rather than playing it safe by spreading it around into lots of stocks that seem safe and sorta OK." In a mutual fund company--to the extent that it is anythi...
by Snowjob
Mon Feb 20, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Once having achieved 30X -- share your strategy?
Replies: 42
Views: 4168

Re: Once having achieved 30X -- share your strategy?

I suspect I might overshoot to that level at some juncture.. In the event that I do, I'll probably keep about 7x of the 30x in the Vanguard All World ETF in the taxable account. Will use the dividends and leave the shares to heirs / charity. The other 23x will spent down to 0 / annuitized over my li...
by Snowjob
Fri Feb 10, 2017 11:19 am
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 4044

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

Based upon his misguided negative attitude against Back-Door Roths (and being the only one in this camp) I don't read anything Kitces writes. Not to deviate to much but I enjoy listening to dissent, please elaborate =) DaftInvestor is probably referring to these, among others: viewtopic.php?f=10&am...
by Snowjob
Wed Feb 08, 2017 1:58 pm
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 4044

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

Oddly enough, speaking solely for myself, I found that my personal risk tolerance did decline as I approached the "danger zone" years, and now that I am in retirement I find myself relaxing a bit. This is all 100% subjective. Most glide paths would call for continuing to reduce stock allo...
by Snowjob
Wed Feb 08, 2017 1:42 pm
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 4044

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

DaftInvestor wrote:Based upon his misguided negative attitude against Back-Door Roths (and being the only one in this camp) I don't read anything Kitces writes.


Not to deviate to much but I enjoy listening to dissent, please elaborate =)
by Snowjob
Wed Feb 08, 2017 10:39 am
Forum: Investing - Theory, News & General
Topic: Does Micheal Kitces Rising Retirement Glidepath Still have legs
Replies: 47
Views: 4044

Re: Does Micheal Kitces Rising Retirement Glidepath Still have legs

My allocation will become more equity heavy as I age -- probably to the 90/10 level at the upper end. However, the important side note to this is that I will be trading bonds for Social Security and Annuities in my 70's. Absent the safety nets of SS and Annuities, I don't think an increased allocati...
by Snowjob
Thu Feb 02, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Protecting a sizable amount of capital for 10 years.
Replies: 16
Views: 2040

Re: Protecting a sizable amount of capital for 10 years.

Erwin wrote:I wrote a while back about a goal to protect capital not needed until year 10 in the safest possible way. ...


May I ask what the purpose is? is there something that you need exactly X dollars for in 10 years?
by Snowjob
Wed Feb 01, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: At what point (if ever) it is OK to pause retirement contribution to buy a house?
Replies: 29
Views: 2166

Re: At what point (if ever) it is OK to pause retirement contribution to buy a house?

I am not a home owner but it has crossed my mind.

I suppose when asset prices are elevated as they are today, its as good a time as any to be funneling $$ to a house instead of stocks and bonds.
by Snowjob
Wed Feb 01, 2017 9:46 am
Forum: Investing - Theory, News & General
Topic: Thoughts on the S&P 400, 600 indexes?
Replies: 6
Views: 999

Re: Thoughts on the S&P 400, 600 indexes?

... In general you shouldn't expect any particular screening procedure to add or subtract value, but S&P's earnings requirements do end up screening out some relatively recent IPOs (which have historically subsequently underperformed) and companies on the short side of the quality and profitabi...
by Snowjob
Mon Jan 30, 2017 3:19 pm
Forum: Personal Consumer Issues
Topic: Nissan? (Cars.)
Replies: 52
Views: 3555

Re: Nissan? (Cars.)

My 2005 Sentra got me 300,000 miles before I scrapped it.

Looked through consumer reports and it appears quality has decreased since then. Ended up with a 2015 Subaru Imprezza and have been very happy so far. I would love to get another 300,000 there. Fingers crossed.
by Snowjob
Fri Jan 27, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Reached a milestone: $500K in Retirement Accounts
Replies: 44
Views: 6131

Re: Reached a milestone: $500K in Retirement Accounts

Congratulations!!

I'm closing in on a big milestone myself. It is amazing when when I think back about the journey. You both a lot to be proud of, thanks for sharing and thanks for reminding us of these very important factors that have led to your success!
by Snowjob
Thu Jan 26, 2017 9:46 am
Forum: Investing - Theory, News & General
Topic: Any opinions on VDIGX vs VIG? (Vanguard Div Growth vs Div Apprec)
Replies: 12
Views: 1001

Re: Any opinions on VDIGX vs VIG? (Vanguard Div Growth vs Div Apprec)

VDIGX wins hands down because its actively managed vs a passive rule constrained basket of stocks.

They can buy equity after a dividend has been cut or just introduced for example.

Whether investing in dividend funds is the right course of action is another topic entirely.
by Snowjob
Tue Jan 24, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: Bill Bernstein "If You Can"
Replies: 18
Views: 4740

Re: Bill Bernstein "If You Can"

Okay, William J. Bernstein wrote his seminal "If You Can" for Millenials. Yet did he ever write one for those of us in Generation X? We seemed to get along just fine with 4 Pillars of Investing, but we had longer attention spans than the millenials. :) I'm waiting for the next edition in ...
by Snowjob
Tue Jan 17, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total World Stock Index Fund Review
Replies: 49
Views: 8937

Re: Vanguard Total World Stock Index Fund Review

I use it for my taxable index. no capital gains ever Can you explain what you mean by this? How are there no capital gains distributions with this? Also, doesn't VT have 15% turnover, which is more than the average turnover of VTI+VXUS, and you could arrange the two of these between taxable and tax...
by Snowjob
Sat Jan 14, 2017 7:36 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 17651

Re: "Millennials may need to double how much they save for retirement"

Yay for fellow '82ers I am not sure why younger people needing to save more is a surprise. I think its obvious. If you take away the benefits of a pension, and threaten to take away social security, the response is to plan as if they don't exist. In that case our savings rates should trend much clo...
by Snowjob
Thu Jan 12, 2017 2:21 pm
Forum: Personal Consumer Issues
Topic: downhill skiing
Replies: 32
Views: 2429

Re: downhill skiing

I know a few 85 year old's that were up skiing my way last weekend
by Snowjob
Thu Jan 12, 2017 2:11 pm
Forum: Investing - Theory, News & General
Topic: Y2k retiree how is s/he holding up after 2016
Replies: 26
Views: 4123

Re: Y2k retiree how is s/he holding up after 2016

https://www.kitces.com/blog/why-merely-mediocre-returns-can-be-worse-than-a-market-crash/ This related article highlights some of biggest challenges. At some point, 10,15 years of mediocre / declining returns takes out everyone. The 10 year example he speaks of is only a 2 sigma event. The 2000 reti...
by Snowjob
Tue Jan 03, 2017 12:10 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 29281

Re: Whats your number to walk away?

Age - Low/Mid 30s Pension - None SS assump - 75% Walk away money 2M with a paid off house around 50 years old, 3.5M if that I were to quit today as the house has not yet materialized and there will be many more expenses between now and then.. w/o Social Security Id probably want 2.5M by 50 or just d...
by Snowjob
Thu Dec 15, 2016 8:40 am
Forum: Investing - Theory, News & General
Topic: "Twenty Ways To Tell If You're A Lousy Investor"
Replies: 57
Views: 6416

Re: "Twenty Ways To Tell If You're A Lousy Investor"

Guilty of about 6, but I'll take the "lousy" results I've had any day of the week

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