Search found 251 matches

by carofe
Thu May 25, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 63
Views: 6232

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: 8852

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: 8297

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: 8297

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: 7503

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: 7503

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. :mrgreen: My ...
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: 48
Views: 6255

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: 48
Views: 6255

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

http://www.marketwatch.com/story/buffetts-hero-john-bogle-explains-why-index-investors-need-not-fear-a-stock-downturn-2017-05-15 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 backtrac...
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: 6646

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: 48
Views: 6255

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: 48
Views: 6255

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: 666

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: 666

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: 3038

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: 6646

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: 11357

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: 7906

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: 1688

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: https://www.credit.com/credit-cards/...
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: 3361

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: 144
Views: 13976

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: 4169

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: 144
Views: 13976

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: 32
Views: 2640

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: 4127

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: 4127

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: 32
Views: 2640

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: 5170

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: 144
Views: 13976

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: 5170

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: 5170

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: 5632

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: 5896

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: 5896

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: 4896

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 ...
by carofe
Thu Feb 23, 2017 9:18 am
Forum: Investing - Help with Personal Investments
Topic: S&P at 22 times multiple
Replies: 40
Views: 4896

Re: S&P at 22 times multiple

Reversion to the Mean of the PE is something seen in a period of 10 years according to the Bogle's observation in his book The reversion can happen in a crash or in small corrections or just in poor positive returns (the PE can get adjusted down even with positive returns in a year). As Buffett said...
by carofe
Mon Feb 20, 2017 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 7548

Re: Credit cards vs. Cash

Our own experience doing the cash envelop system for few years vs YNAB for one year so far. When in YNAB we enter the transactions immediately and see the available money going down we will spend less regardless of if it is cash or it is card. It is more about: * the hard limit in how much you can s...
by carofe
Mon Feb 20, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Expense tracking categories question
Replies: 9
Views: 756

Re: Expense tracking categories question

Mint can be a great tool for what you want. You can just use their categories.
by carofe
Sat Feb 18, 2017 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: 1.3 million dollars in debt
Replies: 36
Views: 8523

Re: 1.3 million dollars in debt

Thank you all for the quick replies. Paying off the high interest student loan debt definitely seems like a no brainer. That being said, I know I can get 4 or 4.5% fixed if I refinance the student loans with a private institution. My worry is this; the second I do that, the bubble will burst and fe...
by carofe
Fri Feb 17, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Need portfolio/asset clarification
Replies: 7
Views: 426

Re: Need portfolio/asset clarification

I have 10k for initial investment Something simple like $5k in Total US Stock Market in Taxable and $5k in Total US Bond Market in Tax advantage may work great for you, because of simplicity of and because 10k is not a lot. However if you tell us the whole picture (debts, other investments) you can...
by carofe
Fri Feb 17, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Need portfolio/asset clarification
Replies: 7
Views: 426

Re: Need portfolio/asset clarification

Do you have cash you want to invest or do you want to roll over existing investments?
by carofe
Fri Feb 17, 2017 10:30 am
Forum: Personal Consumer Issues
Topic: http://www.hp-drivers-download.com/?
Replies: 19
Views: 766

Re: http://www.hp-drivers-download.com/?

Run away from it as fast as you can
by carofe
Fri Feb 17, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads not the norm?
Replies: 116
Views: 10982

Re: Bogleheads not the norm?

I'm a lower-income Boglehead who has never made more than 50k a year. I don't have a 7-figure portfolio. I don't always stay within my budget, nor did I ever max out all my retirement accounts. When I learned about investing over 20 years ago, the Bogleheads approach just made sense to me. In my op...
by carofe
Fri Feb 17, 2017 10:20 am
Forum: Personal Consumer Issues
Topic: Establishing Priorities - Work vs Life Balance
Replies: 22
Views: 2857

Re: Establishing Priorities - Work vs Life Balance

I work hard and extra hours every week, and we participate actively at our church weekly; yet I have time to spend with family and kid... we don't have a TV, we don't have a choice but look at each other's face when we are home :mrgreen:
by carofe
Wed Feb 15, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads not the norm?
Replies: 116
Views: 10982

Re: Bogleheads not the norm?

I recently signed up to BH, but was born following the Boglehead philosophy (though I didn't know that's what it was called). That said, 20+ years ago when I was a few years into my career and moving out on my own, I had no emergency fund, was not contributing to my 401k, had credit card debt and s...
by carofe
Fri Dec 30, 2016 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Multi Millionaire with no credit rating
Replies: 52
Views: 5545

Re: Multi Millionaire with no credit rating

It is the result of the current system. You have to play the system and yet keep your principles. I was all cash also but then I realized if I had the right tools I can do credit cards: automatic full balance payment at the end of the month + YNAB to make sure I stay in the budget. With YNAB I treat...
by carofe
Fri Dec 30, 2016 9:40 am
Forum: Personal Consumer Issues
Topic: How old is your vehicle?
Replies: 200
Views: 15298

Re: How old is your vehicle?

VW Jetta 2008, 92k
Toyota Highlander 2005, 112k
by carofe
Fri Dec 30, 2016 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Advice for staying the course
Replies: 20
Views: 2107

Re: Advice for staying the course

To stay the course all you need is understanding mutual funds, the risk and rewards of investing and discipline. *Understanding: You need some understanding about Investing, the risks and rewards and index funds benefits for individual investors. Have you read The Little Book of Common Sense Investi...
by carofe
Wed Nov 30, 2016 12:56 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman challenges John Bogle
Replies: 157
Views: 14391

Re: Paul Merriman challenges John Bogle

whodidntante wrote:Real men only invest in EM small cap value, fully leveraged.


100% EM small cap value, because the long-term numbers say so! :D
by carofe
Thu Nov 24, 2016 6:22 pm
Forum: Investing - Theory, News & General
Topic: Why International Stocks
Replies: 73
Views: 8058

Re: Why International Stocks

One word: Japan. If something like the Japan bubble and crash happens in the USA, your 50/50 USA/Intl portfolio won't save you either. Also, as of today, pretty much everybody here knows when the market is extremely overvalued and can take precautions (http://www.multpl.com). In addition to that, t...
by carofe
Thu Nov 24, 2016 5:43 pm
Forum: Investing - Theory, News & General
Topic: Why International Stocks
Replies: 73
Views: 8058

Re: Why International Stocks

... Sounds sorta like market timing to me ;) That would be actually the only time I would do "market timing" by reducing my stock allocation (but not cashing out or anything crazy like that), when the valuation of SP500 is too high. Just to manage risk, not to chase high performance. Then...

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