Search found 209 matches

by Whiggish Boffin
Wed May 04, 2016 8:57 pm
Forum: Personal Consumer Issues
Topic: Sci-Fi ... your favorite movies and episodes??
Replies: 78
Views: 2465

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: 58
Views: 4106

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: 7mo/7%/7K CD at nrlfcu
Replies: 30
Views: 3840

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: 955

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: 3678

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: 7188

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: 7188

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: 7188

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: 3239

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: 5562

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: 2484

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: 1976

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: 5266

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: 1570

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: 5986

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: 6810

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: 1879

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: 2936

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: 6243

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: 5295

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: 868

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: 169
Views: 20054

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: 2701

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: 3473

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: 2701

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: 2701

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: 4029

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: 3858

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: 2204

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: 3058

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: 6666

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: 3130

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: 3987

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: 4221

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: 990

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: 2817

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: 7965

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: 2588

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: 3643

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: 1953

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...
by Whiggish Boffin
Tue Sep 09, 2014 10:59 pm
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 185
Views: 16639

Re: Good Modern Science Fiction

Try Neal Stephenson's The Diamond Age , a Cinderella story in a nanotech future. Nell, a doomed underclass girl in Shanghai, comes by a stolen fairy-tale book (Interactive teaching supercomputer) made for an aristocrat's daughter. (Nell gets beat up on the playground. The book hears her crying, and ...
by Whiggish Boffin
Fri Aug 29, 2014 10:48 pm
Forum: Investing - Theory, News & General
Topic: Does anyone have 'Lazy Portfolios'?
Replies: 85
Views: 7682

Re: Does anyone have 'Lazy Portfolios'?

In 2007, I put my nest egg in a David Swensen lazy portfolio: 30% US stock index, 15% developed int'l stock index, 10% emerging int'l stock index, 15% US real estate, 15% Treasury bonds, and 15% TIPS. I had to rebalance heavily in the 2007 real-estate decline, the 2008 stock crash, the 2009 real-est...
by Whiggish Boffin
Mon Jul 28, 2014 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: POLL: My home is worth less/more in 2014 than in 2007?
Replies: 97
Views: 8448

Re: POLL: My home is worth less/more in 2014 than in 2007?

One-bedroom condo just outside the DC Beltway, assessed at about $200k in 2007, and $140k now.
by Whiggish Boffin
Mon Jul 21, 2014 4:29 pm
Forum: Personal Consumer Issues
Topic: Which Bernstein Book?
Replies: 27
Views: 2300

Re: Which Bernstein Book?

The Intelligent Asset Allocator is Dr. Bernstein's first book, (c) 2001. It is aimed at people who do not flee from basic math and statistics. If you are an engineer, programmer, doctor, actuary, or technician, you'll be quite at home. On the following pages, there are boxed sections of Math Detail...
by Whiggish Boffin
Wed Jul 16, 2014 8:03 pm
Forum: Investing - Theory, News & General
Topic: POLL: Do you have a dedicated REIT allocation?
Replies: 123
Views: 9505

Re: POLL: Do you have a dedicated REIT allocation?

In Unconventional Success , David Swensen recommends a default portfolio of: 30% US stock 15% developed int'l stock 5% emerging-market int'l stock 20% real estate 15% nominal Treasuries 15% TIPS. I went 100% all-in on Swensen's allocation in January 2007, and learned about rebalancing real fast. I n...
by Whiggish Boffin
Sat Jun 28, 2014 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: SS Gap Until 70?
Replies: 29
Views: 2938

Re: SS Gap Until 70?

Calm man -- If you have the LMP, you don't need to draw from the balanced portfolio. Everything in the LMP is inflation-adjusted. The combination of Social Security, TIPS ladder, and CPI-adjusted SPIA covers your basic living expenses, with inflation protection, for life, at minimum risk. The OP say...
by Whiggish Boffin
Sat Jun 28, 2014 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: SS Gap Until 70?
Replies: 29
Views: 2938

Re: SS Gap Until 70?

Calm man -- Yes, it would. So would drawing $6k/month from the balanced portfolio. The 4% rule says a balanced portfolio has a 95% chance of staying solvent over a 30-year retirement, if withdrawals are limited to 4% the first year and inflation-adjusted afterward. It doesn't guarantee against spend...
by Whiggish Boffin
Sat Jun 28, 2014 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: SS Gap Until 70?
Replies: 29
Views: 2938

Re: SS Gap Until 70?

I just put your numbers into #Cruncher's TIPS-ladder spreadsheet to figure out a TIPS ladder that meets your needs. Assuming you'd start taking money in Jan. 2015, you could buy a ladder for $716k that would pay you an inflation-adjusted $72k/year. The yield-to-maturity is negative at -0.611% -- the...

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