Search found 217 matches

by Whiggish Boffin
Mon Aug 29, 2016 1:31 am
Forum: Investing - Theory, News & General
Topic: Rich Dad/Poor Dad Assets
Replies: 57
Views: 6333

Re: Rich Dad/Poor Dad dissected by John T. Reed

John T. Reed is a real-estate investor and educator, who kept getting questions about Kiyosaki. He researched Kiyosaki and wrote the brutal dissection found here: John T. Reed's analysis of Robert T. Kiyosaki's book Rich Dad, Poor Dad, Part 1 John T. Reed's analysis of Robert T. Kiyosaki's book Rich...
by Whiggish Boffin
Tue Jul 26, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking wisdom on a career crossroad
Replies: 27
Views: 2208

Re: Seeking wisdom on a career crossroad

Perhaps the job at Company A is a man-killer? Peter Drucker warned about such jobs in The Effective Executive : “[The effective executive is] forever on guard against the ‘impossible’ job, the job that simply is not for normal human beings. Such jobs are common. They usually look exceedingly logical...
by Whiggish Boffin
Wed Jul 13, 2016 9:39 pm
Forum: Investing - Theory, News & General
Topic: Any thoughts on REIT run up so far?
Replies: 14
Views: 2095

Re: Any thoughts on REIT run up so far?

White Coat Investor said: Nice to be rewarded for holding and rebalancing them in 2008 after I lost 78% of my initial investment in the asset class. Hey! I did that, too! Went all-in on a Swensen portfolio in Jan. 2007 (30% US stock, 15% developed int'l stock, 5% emerging int'l stock, 20% REIT, 15% ...
by Whiggish Boffin
Sat Jun 18, 2016 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Debt Free [Investment help for deployed airman]
Replies: 23
Views: 1755

Re: Debt Free

Have you seen the Boglehead wiki page on Military Finanaces ? It's mostly written by EmergDoc ( Dr. Jim Dahle ), who got the Air Force to put him through med school. Yes, the Federal Thrift Savings Plan has the L funds, which are very good target-date funds. Here are the Federal webpage: https://www...
by Whiggish Boffin
Tue Jun 07, 2016 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: Total Bond vs Intermediate Treasuries?
Replies: 22
Views: 2377

Re: Total Bond vs Intermediate Treasuries?

David Swensen prefers Treasuries to Total Bond. Swensen runs the Yale endowment. He's mad that the finance industry doesn't treat common folk as respectfully as it treats his endowment. He wrote Unconventional Success for the likes of us, recommending a default portfolio for individual investors of:...
by Whiggish Boffin
Mon May 23, 2016 8:49 pm
Forum: Investing - Theory, News & General
Topic: What was your first investment?
Replies: 117
Views: 5209

Re: What was your first investment?

In 1983, I opened my first IRA with $513 into the Value Line Leveraged Growth Investors Fund (VALLX), and kept contributing into 2006. Now, why did I do that? I bought Value Line's story that they could pick winners, so the expense ratio and the use of leverage would be overwhelemed by their expert ...
by Whiggish Boffin
Wed May 11, 2016 8:51 pm
Forum: Investing - Theory, News & General
Topic: "The Value of Active Management" - a thoughtful analysis
Replies: 14
Views: 3087

Re: "The Value of Active Management" - a thoughtful analysis

I feel smarter for having read this Philosophical Investor blog post, and the two that led up to it. Thanks to you, daffyd, and to susze, for calling our attention to them.
by Whiggish Boffin
Thu May 05, 2016 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Was VTIVX a good choice?
Replies: 5
Views: 553

Re: Was VTIVX a good choice? Yes.

Yes, it was a good choice. Vanguard's overview page for VTIVX, the Target Retirement 2045 fund , shows its allocation as 89.9% stock, 10.1% bonds. Most Bogleheads say you should always have some bonds, and 10% in bonds is as low as you'd want to go. Vanguard's graph of the target retirement glide pa...
by Whiggish Boffin
Wed May 04, 2016 8:57 pm
Forum: Personal Consumer Issues
Topic: Sci-Fi ... your favorite movies and episodes??
Replies: 145
Views: 13127

Re: Sci-Fi ... your favorite movies and episodes??

Science fiction is a literature of ideas, and it's hard to make that work on screen. Even so, here goes: Movies: Forbidden Planet (see avatar -> ) And a couple nobody else has mentioned -- The Adventures of Buckaroo Banzai Across the 8th Dimension -- Wacky yet remarkable for internal consistency. St...
by Whiggish Boffin
Wed May 04, 2016 8:27 pm
Forum: Personal Consumer Issues
Topic: WOW fantastic Cars in the Wild
Replies: 84
Views: 10920

Re: WOW fantastic Cars in the Wild

In the DC area I've seen a couple of Ferraris, a Bentley, and an Aston Martin or two. The real status symbol here is a motorcade of armored Chevy Suburbans with flashing blue lights.
by Whiggish Boffin
Mon May 02, 2016 1:05 am
Forum: Personal Finance (Not Investing)
Topic: 7 month / 7% / $7K CD at nrlfcu
Replies: 43
Views: 6792

Re: 7mo/7%/7K CD at nrlfcu

I've been a member for some years. I recently asked about qualifying for the 7% / 7 month / $7000 CD. I was told I had to meet three of five conditions. Two of them were: 1) They hold your first or second mortgage; 2) You have $200,000 on deposit. (Or was it $250,000?) So, since I met neither condit...
by Whiggish Boffin
Sun Apr 17, 2016 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Goodbye College Loan!
Replies: 12
Views: 1077

Re: Goodbye College Loan!

Mazel tov! (To use an old American expression...)
by Whiggish Boffin
Tue Mar 29, 2016 12:55 am
Forum: Personal Consumer Issues
Topic: Moving my life into a storage unit
Replies: 42
Views: 4025

Re: Moving my life into a storage unit

I betcha the storage fee will be increased annually in a boiling-frog fashion -- just enough that you grumble, but keep paying it. Five years on, you'll look at the new customers' rate vs. what they've jacked yours up to, and feel you've been had. (Speaking from experience -- I was my late parents' ...
by Whiggish Boffin
Mon Mar 28, 2016 1:17 am
Forum: Investing - Theory, News & General
Topic: TIPS Anyone?
Replies: 92
Views: 8061

Re: TIPS Anyone? I bought some last week.

(I've been traveling, missed the party!) itstoomuch asked about my TIPS ladder: But why not CDs or like? What Dodecahedron said: I am not Whiggish, but in the 50s and early 60s, inflation was running around 1% to 2% per year. Someone in his position in the mid to late 1960s would have been much bett...
by Whiggish Boffin
Sun Mar 27, 2016 12:43 am
Forum: Investing - Theory, News & General
Topic: TIPS Anyone?
Replies: 92
Views: 8061

Re: TIPS Anyone?

It'stoomuch: Hoping this answers your query -- I'm 64. I'm employed in a well-paid Gov't-contract job that could have disappeared anytime in the last 4 years. I will have no pension. Employed or not, I won't touch Social Security until I'm 70. Social Security at age 70 will pay about 2/3 of my accep...
by Whiggish Boffin
Sat Mar 26, 2016 11:40 pm
Forum: Investing - Theory, News & General
Topic: TIPS Anyone?
Replies: 92
Views: 8061

Re: TIPS Anyone? I bought some last week.

I use TIPS to secure a tolerable level of purchasing power, consistent with Genteel Poverty, at minimum risk. If I get an investment return, so much the better. My job is not secure. Two years ago, at age 62, I bought an 8-year TIPS ladder that let me put off Social Security until age 70, even if un...
by Whiggish Boffin
Thu Mar 10, 2016 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Brother undercharged himself as family trustee
Replies: 26
Views: 3494

Re: Brother undercharged himself as family trustee

Your brother would't charge enough as executor, so you and your siblings are in conflict about how to make him take his fair share. That's a pretty nice problem to have. A high-powered accountant helped me with my Dad's small estate. The receptionist told me about estates where they had to put the h...
by Whiggish Boffin
Sat Mar 05, 2016 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: How do you handle a steadily declining nest egg?
Replies: 50
Views: 6268

Re: How do you handle a steadily declining nest egg?

I'm planning a floor-and-upside strategy in the spirit of Bodie, Milevsky, and Bobcat2. I wil live no worse than Genteel Poverty to the end of my days, and probably will end up better off than that. Genteel Poverty covers my basic life-support needs, and also provides dignity and some diversions. I ...
by Whiggish Boffin
Thu Jan 28, 2016 12:08 am
Forum: Investing - Help with Personal Investments
Topic: Starting off 2016: If you had $15,000.00 to invest, what would you do with it?
Replies: 21
Views: 2682

Re: Starting off 2016: If you had $15,000.00 to invest, what would you do with it?

Four-wheeler, snowplow blade, dig out the DC/Maryland side streets that haven't seen a city snowplow yet? You've missed your chance for SnowZilla, but the Farmers' Almanack predicts a couple of February snowstorms...
by Whiggish Boffin
Sat Jan 23, 2016 1:58 am
Forum: Forum Issues and Administration
Topic: Upcoming East Coast snow and Bogleheads servers
Replies: 18
Views: 2583

Re: Upcoming East Coast snow and Bogleheads servers

I thought the market went up because the Federal government went home at noon...
by Whiggish Boffin
Thu Dec 24, 2015 4:47 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Gift to You
Replies: 60
Views: 5741

Re: My Christmas Gift to You

Taylor --
As I get old and prosperous, it's hard to think of a present I want that I haven't already bought for myself. Your Christmas gift is something I could never afford. Thank you. I've really enjoyed the freedom.
by Whiggish Boffin
Sat Dec 12, 2015 9:58 pm
Forum: Personal Consumer Issues
Topic: 10 Best Guitar Finger Style Tunes
Replies: 19
Views: 1841

Re: 10 Best Guitar Finger Style Tunes

Here are some YouTube clips -- Three versions of "Anji", sometimes called "Angie", by: Davey Graham (the composer), Paul & Al Simon , and Bert Jansch . YouTube has several instructional vids for "Angie". And here's a lovely rendition of "Walk Away, Renee" ...
by Whiggish Boffin
Fri Sep 11, 2015 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab lost me thousands ... mostly venting, wondering if any recourse?
Replies: 51
Views: 6219

Re: Schwab lost me thousands ... mostly venting, wondering if any recourse?

A management proverb:
People don't do what you expect.
People do what you inspect.
by Whiggish Boffin
Thu Sep 10, 2015 5:31 pm
Forum: Personal Consumer Issues
Topic: I am running out of excuses to not move out
Replies: 71
Views: 7232

Re: I am running out of excuses to not move out

Graduated spring 1976 with BSEE, got hired that Christmas. (Engineering recession then, as space program wound down, prolonged the job hunt.) Lived with parents for about 2 years. Paid school debts, paid parental debts, bought a beater, refurbed it in Dad's garage. I wanted to be my own man, needed ...
by Whiggish Boffin
Sat Sep 05, 2015 11:06 pm
Forum: Personal Consumer Issues
Topic: Classical Music
Replies: 31
Views: 2056

Re: Classical Music

I listen in the car these days. Before I fell into the time-sucks of cable TV and internet, I would sit and listen with undivided attention. When I retire, I hope to take up that practice again. (oragne lovre: The score is the sheet music showing the parts of all the instruments. That's what the orc...
by Whiggish Boffin
Sun Aug 30, 2015 1:31 am
Forum: Investing - Theory, News & General
Topic: Does anyone buy individual bonds and CDs?
Replies: 32
Views: 3116

Re: Does anyone buy individual bonds and CDs?

I needed a TIPS ladder to assure a minimum-risk, inflation-protected source of basic living expenses for the next 7 years. I used #Cruncher's spreadsheet to make the shopping list, and bought the TIPS ladder at the Vanguard fixed-income page. I'm 63. My job is hanging by a thread. If the thread brea...
by Whiggish Boffin
Thu Jul 23, 2015 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: I'm a spender?
Replies: 44
Views: 6462

Re: I'm a spender?

As to your spending impulse: Robert Heinlein's 2000-year old hero Lazarus Long had rules for a happy marriage. One was: "Budget the luxuries first." That is, make a budget, and put in a line item, not imprudently large , for live musicals or champagne or a Jaguar or whatever delights you. ...
by Whiggish Boffin
Sun Jul 19, 2015 10:54 pm
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 46
Views: 6076

Re: Annuities-when and why?

There are many insurance-company products called "annuities" and most of them are awful. The Bogleheads generally approve of one kind, or maybe two: SPIA and Longevity Insurance. The SPIA -- Single-Premium Immediate Annuity -- has you pay a huge chunk of money to the insurance company. Tha...
by Whiggish Boffin
Sun Jul 19, 2015 7:48 am
Forum: Local Chapters and Bogleheads Community
Topic: DC Bogleheads next meeting is this Sunday, July 19
Replies: 1
Views: 901

Re: DC Bogleheads next meeting is this Sunday, July 19

At what time?
Oh.
Master thread says:
Our next meeting is July 19, 3:00-5:00, in the common room at 888 N. Quincy Street, Arlington, VA 22203. (note new location)
by Whiggish Boffin
Tue Jun 30, 2015 11:45 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 379
Views: 41358

Re: TIPS - Did you give up?

I still have my TIPS, and intend to buy some more. Two years ago, I put about 1/3 of my nest egg into a TIPS ladder. If I lose my job, the ladder will support me in genteel poverty until I'm 70. I can then claim the highest Social Security benefit. I want to invest the ladder's money at minimal risk...
by Whiggish Boffin
Fri May 08, 2015 2:25 am
Forum: Investing - Theory, News & General
Topic: A Yale Portfolio Slice 'n Dice Question
Replies: 34
Views: 2879

Re: A Yale Portfolio Slice 'n Dice Question

Did BTOP50 become available to the general public around 2009? I see a blip up as the dumb money buys in, and then nowheresville, daddy-o. An example of Rekenthaler's Rule: "If the bozos know about it, it doesn't work any more." I (a bozo) wonder if the same thing is happening to small/val...
by Whiggish Boffin
Fri May 08, 2015 1:40 am
Forum: Investing - Help with Personal Investments
Topic: Retired, need help with investment
Replies: 30
Views: 3600

Re: Retired, need help with investment

What kind of thing is that Great American annuity? There are forty-'leven different things called "Annuities". Bogleheads favor a few, dislike most of them. Can you cover (house payment + condo payment + car payment + living expenses) out of (pension + Social Security + wages + condo renta...
by Whiggish Boffin
Thu May 07, 2015 11:58 pm
Forum: Investing - Theory, News & General
Topic: A Yale Portfolio Slice 'n Dice Question
Replies: 34
Views: 2879

Re: A Yale Portfolio Slice 'n Dice Question

Swensen does things with the Yale Endowment that he expressly does not reccommend to individual investors. A chapter in Unconventional Success on Non-Core Asset Classes covers those things that ordinary investors shouldn't touch -- corporate bonds, junk bonds, asset-backed securities,foreign bonds, ...
by Whiggish Boffin
Thu May 07, 2015 10:42 pm
Forum: Investing - Theory, News & General
Topic: A Yale Portfolio Slice 'n Dice Question
Replies: 34
Views: 2879

Re: A Yale Portfolio Slice 'n Dice Question

The MarketWatch page shows long-term Treasuries for the Yale Unconventional nominal-bonds. Swensen does not recommend them for small investors. He replied to a question from the old Vanguard Diehards forum, recommending you hold Treasuries matching the market duration. The Vanguard Intermediate-Term...
by Whiggish Boffin
Sun Apr 26, 2015 10:36 pm
Forum: Personal Consumer Issues
Topic: how to ask friend my money back?
Replies: 32
Views: 4179

Re: how to ask friend my money back?

"If you lend someone $20 and you never see him again, it was probably worth it."
Summary of a scene from A Bronx Tale
(YouTube link deleted; foul language)
by Whiggish Boffin
Sat Apr 25, 2015 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Your experiences of high inflation periods
Replies: 60
Views: 4099

Re: Your experiences of high inflation periods

I got my first engineering job after college in the DC area, around Christmas 1976. Starting salary was $12,800/year. Lived at home for two years, paid off school loans, then bought a 1-br condo for $27,000 at 9-3/8%. By 1981, I was making $30,000/year, which was partly merit-based but mostly inflat...
by Whiggish Boffin
Sat Feb 07, 2015 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Complete and utter newbie wanting direction...
Replies: 28
Views: 2322

Re: Complete and utter newbie wanting direction...

The tax benefit of a Traditional IRA is that you get a tax deduction when you contribute. Once you reach age 59-1/2, you will pay income tax on withdrawals of contributions and investment returns. With a Roth IRA you get no tax deduction when you contribute. The tax benefit of a Roth IRA is that aft...
by Whiggish Boffin
Thu Jan 08, 2015 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Just finished Bogleheads' Guide to Investing and...
Replies: 19
Views: 3138

Re: Just finished Bogleheads' Guide to Investing and...

Vanguard's LifeStrategy Growth fund, which is 80% stock / 20% bonds, requires a first-time investment of $3000. After that, you can kick in as little as $1 at a time.
by Whiggish Boffin
Tue Jan 06, 2015 11:28 pm
Forum: Investing - Theory, News & General
Topic: Poll: Do you own I Bonds?
Replies: 62
Views: 6947

Re: Poll: Do you own I Bonds?

I have enough in I bonds to support me in genteel poverty for one year. I wanted an emergency fund that would be safe, and hold its purchasing power automatically. The biggest hassle setting it up is that the latest year's purchase is not acessible. I can handle that now, being of sound mind and hav...
by Whiggish Boffin
Sun Dec 14, 2014 2:56 pm
Forum: Personal Consumer Issues
Topic: Does your work define you?
Replies: 30
Views: 3272

Re: Does your work define you?

I have been an electronics design engineer since Jimmy Carter was president. For some years now, my job has been hanging by a thread. My small inheritance from my father will go to buy my very own oscilloscope. It may just gather dust, but I'll see it on the shelf and say "I still could if I wa...
by Whiggish Boffin
Fri Dec 05, 2014 12:12 am
Forum: Personal Consumer Issues
Topic: Youngster talented in science and math
Replies: 47
Views: 4224

Re: Youngster talented in science and math

The Discovery of Subatomic Particles , Steven Weinberg Great Experiments in Physics: Firsthand Accounts from Galileo to Einstein , ed. Morris Shamos The Chemical History of a Candle , Michael Faraday For later, or if he's really hungry: Experimental Researches in Electricity , Michael Faraday Gener...
by Whiggish Boffin
Thu Dec 04, 2014 1:32 am
Forum: Investing - Theory, News & General
Topic: What % of your fixed-income is TIPs?
Replies: 71
Views: 4525

Re: What % of your fixed-income is TIPs?

87% of my fixed income is in TIPS. Two years ago, I took Dr. Bernstein's advice to heart: When you've won the game, stop playing. I realized I could secure my minimum living expenses for the rest of my life, using the safest possible investments: a TIPS ladder, deferred Social Security, and a Single...
by Whiggish Boffin
Tue Dec 02, 2014 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate or REITs?
Replies: 4
Views: 1030

Re: Real Estate or REITs?

This topic comes up pretty often. Last February, this thread had nisiprius, LH, Valuethinker, and craigr weighing in: REITs or Individual Real estate investments? When you own individual real estate, you are in a business that requires irregular working hours and unstructured problem-solving. REITs ...
by Whiggish Boffin
Sun Nov 09, 2014 10:54 pm
Forum: Forum Issues and Administration
Topic: “Buffett” Has Two Tees [poem]
Replies: 13
Views: 2902

Re: “Buffett” Has Two Tees [poem]

Another guy that folks misspell
Is that endowment guy at Yale --
(Wrote "Unconventional Success")
Half of his fans here make a mess.
I'll preach 'till everybody knows
That "David Swensen" has no ohs.
by Whiggish Boffin
Thu Nov 06, 2014 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: 22, I want to be rich, looking for a high reward fund
Replies: 67
Views: 8257

Re: 22, I want to be rich, looking for a high reward fund

Grt2bOutdoors said: Learn a skill that can not be offshored to cheaper locales, will always be in demand and pays you a fair or lucrative wage over your career. In the Navy, you might pick up a security clearance that you can carry into civilian life. A security clearance qualifies you for many jobs...
by Whiggish Boffin
Thu Sep 25, 2014 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Is Now a Good time to Buy Bonds ???
Replies: 19
Views: 2689

Re: Is Now a Good time to Buy Bonds ???

I'd say buy the bonds and take what comes. People are nervous these days about stocks, too. If there's a bond crash, you'll grumble. If there's a stock crash instead, you'll wail and rend your garments and wish you had more bonds. At any rate, either one at this time will seem like a flyspeck when y...
by Whiggish Boffin
Thu Sep 18, 2014 8:56 pm
Forum: Investing - Theory, News & General
Topic: Inflation Bonds - Staying the Course?
Replies: 43
Views: 3765

Re: Inflation Bonds - Staying the Course?

I'm staying the Swensen/Bodie course. I am 62, hanging onto my job by a fraying thread. I got my 2nd comma recently. I have about 60% of my nest egg in a Swensen lazy portfolio, and 40% in an 8-year TIPS ladder. The Swensen is 30% bonds, split into 15% intermediate TIPS and 15% intermediate Treasuri...
by Whiggish Boffin
Thu Sep 18, 2014 8:28 pm
Forum: Investing - Theory, News & General
Topic: What are the components of inflation?
Replies: 33
Views: 2057

Re: What are the components of inflation?

Concerning practical implications of velocity, there was this from CNN on 3 Sep. 2014: Fed: US consumers have decided to 'hoard money' . The article refers to What Does Money Velocity Tell Us about Low Inflation in the U.S.? , a paper by Yi Wen and Maria Arias at the St. Louis Fed. The gist is: Infl...

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