Search found 267 matches

by carofe
Mon Sep 11, 2017 1:09 pm
Forum: Investing - Theory, News & General
Topic: [WSJ] Your Tolerance for Investment Risk Is Probably Not What You Think
Replies: 49
Views: 5479

Re: [WSJ] Your Tolerance for Investment Risk Is Probably Not What You Think

The psychological impact on me in 2008-2009 was not "-52%." It was "Countrywide and Northern Rock and Merrill Lynch and Bear Stearns and Indymac and (!!!) Fannie Mae and Freddie Ma and :!: :!: LEHMAN BROTHERS and Washington Mutual and AIG and Citibank and I don't even remember them all. That's a go...
by carofe
Mon Sep 11, 2017 11:04 am
Forum: Investing - Theory, News & General
Topic: [WSJ] Your Tolerance for Investment Risk Is Probably Not What You Think
Replies: 49
Views: 5479

[WSJ] Your Tolerance for Investment Risk Is Probably Not What You Think

I found this article today in the WSJ, and I kind of agree with his point of view. I have come to the same conclusions even before I knew about Bogleheads when presented with those questions. https://www.wsj.com/articles/your-tolerance-for-investment-risk-is-probably-not-what-you-think-1505096160 Wh...
by carofe
Sat Aug 05, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: User names and passwords
Replies: 5
Views: 985

Re: User names and passwords

Usernames usually are for identification and passwords for authentication. If you use different password everywhere, I don't see a problem with using the same username.

Chromebooks are good against attacks from the web. No that sure about privacy.
by carofe
Sat Jul 29, 2017 4:05 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 32802

Re: John Bogle Has Been Right About Investing In International Stocks

Not everybody sees Indexing as a dogma. For instance, if I lived in Venezuela and you asked me if I would put all my stock part of my portfolio in the national market I would probably tell you "no way! If I lived in Spain and you asked me the same question, I would think: well, how is the historical...
by carofe
Sat Jul 29, 2017 11:08 am
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 32802

Re: How much international stock? A suggestion.

That is not the point. The point is much of Taylor's argument would have also applied to a Japanese investor before their crisis, with disastrous consequences. Will that happen here? Perhaps not. It is a risk. Everyone should do what they feel is right for themselves, but can not ignore some common...
by carofe
Wed Jul 26, 2017 10:26 am
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 32802

Re: John Bogle Has Been Right About Investing In International Stocks

Bogle has certainly not been right YTD. International is kicking domestic's butt YTD in 2017: http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=vti&uf=0&type=2&size=2&sid=697110&style=320&freq=1&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=19&rand=15734536...
by carofe
Tue Jul 25, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Pausing 401k to Pay Debts?
Replies: 48
Views: 2280

Re: Pausing 401k to Pay Debts?

I think the question is "Can you afford to save for retirement now?". The answer to that question depend on your current budget and how far you can get adjusting current spending and income. If I were you, I would look for refinancing to lower interest rate, get rid of one car, and try to boost the ...
by carofe
Mon Jul 24, 2017 11:17 am
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 32802

Re: John Bogle Has Been Right About Investing In International Stocks

Excoriating the OP for presenting facts that don't agree with some unstated "conclusion" that others have drawn on a contentious strategy is ridiculous. Why do you think Taylor is telling us that "Mr. Bogle has been right"? What conclusion are we to draw from that fact–or was the post pointless? I ...
by carofe
Sat Jul 22, 2017 6:20 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: REITs Aren't Special
Replies: 106
Views: 8654

Re: Larry Swedroe: REITs Aren't Special

This reflects a change of heart. REITs were once a "must have" asset class by the advocates of factor tilting. What happened is that all of the yield chasing put REIT valuations out of sight, that is, they no longer represent value. There was also rethinking about commodities, once recommended and ...
by carofe
Wed Jul 19, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Eliminate 0% CC balance?
Replies: 30
Views: 2360

Re: Eliminate 0% CC balance?

Mentally, it's bothering me to have the debt. However I do understand it's for lack of better terms free money. Would it be considered rational to just pay it off? It is 6,000. Or should I just continue my 12 month schedule to pay it down and invest/save the money instead? Do you have a good emerge...
by carofe
Fri Jun 09, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: Dave Ramsey Financial Peace University ??? worth it?
Replies: 120
Views: 8274

Re: Dave Ramsey Financial Peace University ??? worth it?

I know people that have been in his program, got of of debt, and now feel like they should aggressively pay off a 3.5% mortgage before saving for college and retirement because "Debt is dumb." They will lambast me for using a CC and paying it off every month while I am on pace to retire w...
by carofe
Thu Jun 08, 2017 9:42 am
Forum: Personal Consumer Issues
Topic: Dave Ramsey Financial Peace University ??? worth it?
Replies: 120
Views: 8274

Re: Dave Ramsey Financial Peace University ??? worth it?

There are other alternatives: * Crown Ministries * YNAB free online classes + Rick Van Ness free online investing videos * m if you want more direct involvement of a financial planner. I agree with others here: Mr. Ramsey takes the Debt rejection thing to the extreme and his investing advice is OK f...
by carofe
Thu Jun 08, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard High-Yield Corporate Fund Investor Shares VWEHX
Replies: 47
Views: 4310

Re: Vanguard High-Yield Corporate Fund Investor Shares VWEHX

The Lipper card can tell you some good information comparing with other funds in the category: m It looks to me that she is looking for good yield. I think there is nothing wrong with titling your bond portfolio a little bit to high yields when you are retired. Some people here may argue to death th...
by carofe
Wed Jun 07, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting
Replies: 47
Views: 3772

Re: Budgeting

For those who use Excel to track spending vs budget, how do you update your spreadsheet with actual transactions? Manually entering them or downloading them periodically and formatting them, etc. has always held back my attempts to budget in Excel. I haven't committed the time to invest in using Qu...
by carofe
Tue Jun 06, 2017 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting
Replies: 47
Views: 3772

Re: Budgeting

First Paper + Envelope system with Cash,
Then Excel + Envelope system with Cash for almost 3 years
Finally, currently using YNAB web app and mobile app version + Plastic for over a year.
by carofe
Thu May 25, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 74
Views: 9062

Re: When does Saving become missing out on life?

It all depends what is enough for you.
Are you saving also for traveling? That would be fun. Ultimately, we save to be able to spend more tomorrow.

Regarding savings and goal: https://www.ally.com/do-it-right/money/ ... -to-money/
by carofe
Mon May 22, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 76
Views: 10043

Re: Net worth is overrated

Instead of Net Worth I check the individual items in the list conforming the Net Worth: * How much insecure debt we have to compare against the last year and to see if we need a more aggressive plan. * Car value vs their loan balance * House value vs House mortgage balance * Investment Net worth bal...
by carofe
Sun May 21, 2017 10:46 am
Forum: Investing - Theory, News & General
Topic: Home Country Bias...makes sense?
Replies: 235
Views: 11142

Re: Home Country Bias...makes sense?

Some people feel Ok about investing mainly in the USA, some don't and like to weight globally. Oh well do whatever you think is best with your money. I read the Bogle book and I'm convinced that the USA return is good enough for my stock part of the allocation. Diversifying to reduce equity risk for...
by carofe
Sat May 20, 2017 4:30 pm
Forum: Investing - Theory, News & General
Topic: Home Country Bias...makes sense?
Replies: 235
Views: 11142

Re: Home Country Bias...makes sense?

Hi all. When Taylor Larimore (much respect) was asked "why not market weights?" by someone trying to pick their US vs International allocation, Taylor replied with this list of concerns: Several reasons: * Higher costs * Approximately half the sales of our 500 largest companies are to for...
by carofe
Fri May 19, 2017 9:04 am
Forum: Personal Consumer Issues
Topic: Which Small SUV for 15 Year Reliability?
Replies: 92
Views: 9305

Re: Which Small SUV for 15 Year Reliability?

My caveat is that the notion of keeping a car for 15 years may no longer be feasible for those who put a high value on safety. (Some people may also put a high value on creature comforts, "infotainment" and other such "toys." I'm not one of them but I don't try to put down those...
by carofe
Fri May 19, 2017 8:59 am
Forum: Personal Consumer Issues
Topic: Which Small SUV for 15 Year Reliability?
Replies: 92
Views: 9305

Re: Which Small SUV for 15 Year Reliability?

Maybe your younger than me but Ive managed to survive over 40 years on this rock, for over half those years riding in cars that did not even have airbags, anti-lock brakes or rear seat shoulder belts... Just wanted to point out that this is the literal definition of survivorship bias. My father in ...
by carofe
Thu May 18, 2017 10:40 am
Forum: Investing - Theory, News & General
Topic: If everybody indexed, the only word you could use is chaos, catastrophe
Replies: 66
Views: 8872

Re: If everybody indexed, the only word you could use is chaos, catastrophe

Can you resolve this apparent paradox? The S&P500 dumps stocks which are doing poor and buys stock which are doing great. That is its charter given it needs to keep the market cap ratio. That implies it is selling stocks which have low prices and buying stocks which have high prices. This goes ...
by carofe
Tue May 16, 2017 1:54 pm
Forum: Investing - Theory, News & General
Topic: If everybody indexed, the only word you could use is chaos, catastrophe
Replies: 66
Views: 8872

Re: If everybody indexed, the only word you could use is chaos, catastrophe

m Recent Mr Bogle comments on this issue. Over the weekend, Bogle had said that a stock market that is 75% indexed would be a tipping point, but in the interview he backtracked. "What indexing does is neutralize a large part of the stock market. There's no trading in those stocks, or almost non...
by carofe
Mon May 08, 2017 10:20 am
Forum: Investing - Theory, News & General
Topic: A Boglehead Guide to Buying Individual Stocks
Replies: 85
Views: 7505

Re: A Boglehead Guide to Buying Individual Stocks

I think a true Boglehead would be more like a real long term investor, screening shares of companies that are doing financially well and then holding them for a long time. Then they would buy many different stocks (300 or more) to diversify, and also across industries. Then they go and hold the stoc...
by carofe
Sun May 07, 2017 8:58 pm
Forum: Investing - Theory, News & General
Topic: If everybody indexed, the only word you could use is chaos, catastrophe
Replies: 66
Views: 8872

Re: If everybody indexed, the only word you could use is chaos, catastrophe

The more index funds get more money, the less money active investors have to move the price enough with big $$$ and correct inefficiencies. So, even though, the chances are zero, the effect can happen at some point in the future. I think the chance of that happening is also low as far as I can tell...
by carofe
Sun May 07, 2017 8:35 pm
Forum: Investing - Theory, News & General
Topic: If everybody indexed, the only word you could use is chaos, catastrophe
Replies: 66
Views: 8872

Re: If everybody indexed, the only word you could use is chaos, catastrophe

The more index funds get more money, the less money active investors have to move the price enough with big $$$ and correct inefficiencies. So, even though, the chances are zero, the effect can happen at some point in the future.

I think the chance of that happening is also low as far as I can tell.
by carofe
Sun May 07, 2017 8:29 pm
Forum: Investing - Theory, News & General
Topic: Low Cost Active Funds: Theoretical Advantages?
Replies: 7
Views: 779

Re: Low Cost Active Funds: Theoretical Advantages?

I read a report from morningstar of the best actively managed funds. Guess what, most of them where Vanguard and American Funds, which are low cost (yearly expenses). Also, American Funds released a report stating that the most important two variables that can tell you if the actively managed funds...
by carofe
Sun May 07, 2017 7:59 pm
Forum: Investing - Theory, News & General
Topic: Low Cost Active Funds: Theoretical Advantages?
Replies: 7
Views: 779

Re: Low Cost Active Funds: Theoretical Advantages?

I read a report from morningstar of the best actively managed funds. Guess what, most of them where Vanguard and American Funds, which are low cost (yearly expenses). Also, American Funds released a report stating that the most important two variables that can tell you if the actively managed funds ...
by carofe
Wed May 03, 2017 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Most "technologically savvy" bank?
Replies: 32
Views: 3466

Re: Most "technologically savvy" bank?

I recently moved from BBVA Compass to Chase because of slightly better user experience and ATM that can give $5 bills. I also migrated my savings to Ally, I love their 1% and their online experience. Very disappointed with the Credit Union online services, what a mess. I have an old account in ING D...
by carofe
Wed May 03, 2017 8:42 pm
Forum: Investing - Theory, News & General
Topic: A Boglehead Guide to Buying Individual Stocks
Replies: 85
Views: 7505

Re: A Boglehead Guide to Buying Individual Stocks

honduranhurricane wrote:On top of some of the other books etc...finding a pdf of 'Margin of Safety' by Seth Klarman is worth the effort. Forget buying on amazon, used costs north of $1,000...


I have to say, I'm very impressed by the price of that book. I have never seen a book costing that much
by carofe
Sat Apr 15, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 12357

Re: My kids don't care about saving

Give your kids a break. They are still young. While this forum has many participants their age who are saving a lot of money that is not the norm. It sounds like you raised responsible children who have good jobs and aren't living in your basement. They are now adults and they aren't asking you for...
by carofe
Sat Apr 15, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Chase $500 Bonus For New Checking/Savings Accounts - Worth It?
Replies: 63
Views: 9163

Re: Chase $500 Bonus For New Checking/Savings Accounts - Worth It?

I did the checking and got the $300. 5 months later I ended up liking their banking more than what I used to have: Compass Bank.
What was better? Much better online experience, ATMs that give you $5.
I have my savings on ally.com
by carofe
Sat Apr 15, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Pay off debt or fund retirement accounts?
Replies: 23
Views: 1856

Re: Pay off debt or fund retirement accounts?

Great answers. I just want to add something regarding your credit card: Credit Card = $7,980 @ 12.8% interest with Wells Fargo I recommend you have a look at 0% credit cards. While you pay that balance you can get a 0% credit card and transfer it. Check this out: m I recommend you look at Chase Slat...
by carofe
Thu Apr 13, 2017 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Software to track asset allocation (no tickers)
Replies: 41
Views: 3889

Re: Software to track asset allocation (no tickers)

I would love to find it too. So far I'm just doing it manually.
by carofe
Sat Apr 08, 2017 12:34 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 159
Views: 18734

Re: Social Security for Millennials

34 years after the major 1983 Social Security reform act, the most significant benefit cut (raising FRA from age 65 to age 67) is only half-way implemented now at age 66 for people retiring today. It will not be fully phased in until 2027. There we also many benefit increases. In contrast, the incr...
by carofe
Thu Apr 06, 2017 8:37 pm
Forum: Investing - Theory, News & General
Topic: Why cheaper index funds translate into lower future returns
Replies: 26
Views: 4429

Re: Why cheaper index funds translate into lower future returns

There might be some truth in there but he doesn't show the alternative neither. It seems to me that all he is saying is that there are too many buyers in the market, and expensive investing would have preventing a flood of individual investor. Isn't most of the money on the market institutional anyw...
by carofe
Thu Apr 06, 2017 3:20 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 159
Views: 18734

Re: Social Security for Millennials

My previous comment was deleted by the moderators. So I'll try to rephrase it and put it differently to avoid a political discussion. I think it is fair to post a less pessimistic view for the readers. There are readers that can't afford to save 20% of their salary to replace SSA income and this thr...
by carofe
Wed Apr 05, 2017 10:18 am
Forum: Personal Consumer Issues
Topic: Where to buy new iPhone
Replies: 41
Views: 4199

Re: Where to buy new iPhone

You can get really good deals on ebay. We save a lot of money by going prepaid with verizon and buying our phones on ebay. I recently bought two iPhone 5s, one of them brand new and the other one used but in perfect condition. Be very careful with eBay - I've been sold fake goods on there before......
by carofe
Wed Apr 05, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Some Credit Cards Make You Spend More?
Replies: 69
Views: 4646

Re: Some Credit Cards Make You Spend More?

wander wrote:
Alexa9 wrote:4% back on gas: Road trip!

I have a 5% cash back on fuel but it does not make me to drive any more than paying fuel with cash.


I can definitely see people driving in circles around the neighborhood to get more cash back from their credit card company, :mrgreen:
by carofe
Wed Apr 05, 2017 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Some Credit Cards Make You Spend More?
Replies: 69
Views: 4646

Re: Some Credit Cards Make You Spend More?

I tried the almost cash only life in my family gor few years and now we are doing almost credit card only. The bonuses make us switch cards but not spend more. We don't spend more with CC because we treat is a debit and pay it full at the end of the month automatically . It is all about budgeting an...
by carofe
Wed Apr 05, 2017 12:27 am
Forum: Personal Consumer Issues
Topic: Where to buy new iPhone
Replies: 41
Views: 4199

Re: Where to buy new iPhone

You can get really good deals on ebay. We save a lot of money by going prepaid with verizon and buying our phones on ebay. I recently bought two iPhone 5s, one of them brand new and the other one used but in perfect condition.
by carofe
Wed Apr 05, 2017 12:23 am
Forum: Investing - Theory, News & General
Topic: Bogle Interview CNN - Sat.
Replies: 71
Views: 5874

Re: Bogle Interview CNN - Sat.

I found his note on (paraphrasing )" we are moving into more being a democracy rather than republic " bit interesting... Wise guy... Which is unfortunate, we would end up with only few big states of the union pretty much controlling the govt. and creating deeper divisions by making the ot...
by carofe
Tue Apr 04, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 159
Views: 18734

Re: Social Security for Millennials

[OT comment removed by admin LadyGeek]
by carofe
Mon Mar 20, 2017 11:07 pm
Forum: Investing - Theory, News & General
Topic: Bogle Interview CNN - Sat.
Replies: 71
Views: 5874

Re: Bogle Interview CNN - Sat.

He also sounded a little ominous on the current market trajectory, and did not sound bullish at all on the current admininstration. Did anybody catch that? If so, will there be a market correction at some point in near future. I know this is irrelevant for bogleheads but just wanted to get some tho...
by carofe
Mon Mar 20, 2017 8:57 am
Forum: Investing - Theory, News & General
Topic: Bogle Interview CNN - Sat.
Replies: 71
Views: 5874

Re: Bogle Interview CNN - Sat.

Excellent interview, and excellent comments and answers from him. Sometimes the truth is hard to hear.
by carofe
Sun Mar 19, 2017 5:06 pm
Forum: Personal Consumer Issues
Topic: Rule of Thumb for Getting Rid of Car
Replies: 51
Views: 6210

Re: Rule of Thumb for Getting Rid of Car

My rule of thumbs: 250k miles.
You can still put another 100k in that car!

$3k repair bill is much less than buying another car.
Usually those massive bills are to replace components that will last you at least another 80k or so more miles.
by carofe
Sun Feb 26, 2017 10:18 am
Forum: Investing - Theory, News & General
Topic: Buffett Annual Letter 2016 [Jack Bogle is a hero]
Replies: 69
Views: 6625

Re: Buffett Annual Letter 2016 [Jack Bogle is a hero]

I'm a firm believer in a simple total stock market index and bonds index portfolio a-la Mr Bogle, and I agree with Buffett. However, I think this is kind of childish that he had *one* bad experience with a hedge fund and now he is claiming 'index funds!!!' You know, it is like buying one car that tu...
by carofe
Sun Feb 26, 2017 10:09 am
Forum: Investing - Theory, News & General
Topic: Buffett Annual Letter 2016 [Jack Bogle is a hero]
Replies: 69
Views: 6625

Re: Buffett praises index funds, Bogle; unaware of Bogle's statue

P.S. I've previously expressed annoyance at Buffett's too-short utterances that always leave unexplained questions. An obvious one, which continues to go unanswered, is that he has said, over and over again, very plainly, variations on this: Both large and small investors should stick with low-cost...
by carofe
Thu Feb 23, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: S&P at 22 times multiple
Replies: 40
Views: 5174

Re: S&P at 22 times multiple

If I use P/E to time the market I should then sell VTSAX shares, but if I use P/E to see the expected return in the next 10 years then I need to buy more VTSAX shares (take more risk so I can make it), which I'm not comfortable with right now. Hmmm, I think I'm just going to do nothing. Rebalancing ...