Search found 297 matches

by chinto
Thu Sep 07, 2017 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Schwab, Fidelity, or Vanguard for taxable account?
Replies: 21
Views: 2687

Re: Schwab, Fidelity, or Vanguard for taxable account?

Isn't the tax efficiency thing with Vanguard a bit of a red herring? Are there really distribution issues with the ETFs at Schwab and Fidelity (for instance ishares ITOT available at Fidelity commission free)? I believe the tax efficiency is referring to holding traditional mutual funds, not ETFs. ...
by chinto
Wed Sep 06, 2017 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab, Fidelity, or Vanguard for taxable account?
Replies: 21
Views: 2687

Re: Schwab, Fidelity, or Vanguard for taxable account?

Isn't the tax efficiency thing with Vanguard a bit of a red herring? Are there really distribution issues with the ETFs at Schwab and Fidelity (for instance ishares ITOT available at Fidelity commission free)?
by chinto
Wed Sep 06, 2017 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: how often does high ACT score == scholarship?
Replies: 85
Views: 5103

Re: how often does high ACT score == scholarship?

Ours had a 4.0/4.0 GPA, on the Dean's list every semester in the hard sciences for 6 years and we never got a single dime of scholarship money, despite the name scholar in it. All the money was awarded to minorities and poor people, as the counselors told us, scholarships no longer had anything to d...
by chinto
Wed Sep 06, 2017 1:04 am
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 8337

Re: Safe Withdrawal Rate -> 2% or lower

Another big variable is of course life expectancy. Only recently has serious study begun on life extension, and scientific breakthroughs are unpredictable. Aubrey De Grey has claimed that the first person to live to 1,000 has already been born. Of course, if we live that long, the economy will like...
by chinto
Tue Sep 05, 2017 3:30 am
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 8337

Re: Safe Withdrawal Rate -> 2% or lower

Folks, Someone else is discussing portfolio construction for a very safe withdrawal. But, does that make any sense if your withdrawal rate is 2% or lower? Won't simple 60/40 portfolio works? There must be a gap in my thinking. For example, if the social security cover 50% of a person's retirement e...
by chinto
Mon Sep 04, 2017 8:06 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 17882

Re: [Are the Bogleheads] getting less interesting?

I think the most interesting conversations take place when people engage with those who have very contrasting and challenging views and a civil and productive means of discussing them (like this forum). I agree, if the ever takes place, but most people do not debate points and logic, they usually f...
by chinto
Sun Sep 03, 2017 10:09 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 17882

Re: [Are the Bogleheads] getting less interesting?

Over the years I have been fairly active in a number of forums. Here, I lurked for 7-9 years before posting. There was a reason for that. The way the forum is run, it simply is not conducive to people getting to know one another and bonding at a more personal level; that is fine, it is not a critici...
by chinto
Sun Sep 03, 2017 2:14 pm
Forum: Investing - Theory, News & General
Topic: How much weight do you put on back-testing?
Replies: 53
Views: 3680

Re: How much weight do you put on back-testing?

Here is a perspective. Private sector companies use to offer defined benefit pensions. In general now they do not. When you look at the actual reason, it amounts to the fact that thy were predicated upon back testing and it turned out to be very poor at modeling the future. I don't think that's rea...
by chinto
Sun Sep 03, 2017 12:20 pm
Forum: Investing - Theory, News & General
Topic: How much weight do you put on back-testing?
Replies: 53
Views: 3680

Re: How much weight do you put on back-testing?

Here is a perspective. Private sector companies use to offer defined benefit pensions. In general now they do not. When you look at the actual reason, it amounts to the fact that thy were predicated upon back testing and it turned out to be very poor at modeling the future.
by chinto
Sat Sep 02, 2017 6:16 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 37381

Re: Michael Kitces 4% rule podcast on Madfientist

One thing I think would be useful is to understand the background of the people posting. I know of two general types of people who once lived in poverty. One group is very cautious and lives their life in acquirement mode against uncertainty. Another is the live for today type, they may save diligen...
by chinto
Sat Sep 02, 2017 2:21 am
Forum: Investing - Theory, News & General
Topic: Robert Kiyosaki - rich dad, poor dad
Replies: 45
Views: 4692

Re: Robert Kiyosaki - rich dad, poor dad

Here are a few books I find more credible than Robert Kiyosaki's: Abominable Snowmen: Legend Come to Life by Sanderson, Ivan T. Mothman: The Facts Behind the Legend by Donnie Sergent Jr., Jeff Wamsley The Loch Ness Monster: The Evidence by Steuart Campbell The Tracker: The True Story of Tom Brown Jr...
by chinto
Sat Sep 02, 2017 2:09 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 37381

Re: Michael Kitces 4% rule podcast on Madfientist

I just want to say, this has been a pretty awesome thread; the diversity of viewpoints has been illuminating. Thanks to all for a fascinating conversation.
by chinto
Fri Sep 01, 2017 4:12 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 37381

Re: Michael Kitces 4% rule podcast on Madfientist

Perhaps the bottom line is that no matter how much you save, there is no 100% iron-clad security. Okay agreed. If you can save 25x spending (4%SWR), you're probably doing about as good as most can do. Many of we Bogleheads are natural savers and can do better. Many (most?) Americans retire with ver...
by chinto
Thu Aug 31, 2017 8:17 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 37381

Re: Michael Kitces 4% rule podcast on Madfientist

Once you reach the Medicare age, your health insurance cost becomes relatively stable. As a retiree you have control over where you live, and thus you have control over your real estate taxes. Yes, there are many other potential catastrophic expenses, e.g., getting into an accident and becoming dis...
by chinto
Thu Aug 31, 2017 8:02 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 37381

Re: Michael Kitces 4% rule podcast on Madfientist

In your example, if the retirement portfolio is invested in the typical 60/40 fashion and the market drops 50%, and stays there, even 3% in required distributions can become catastrophic. As a safer approach, Bill Bernstein divides retirement assets into Liability Matching Portfolio (LMP) and Risk ...
by chinto
Thu Aug 31, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 29 - After lots of reading, I have questions! *Long read*
Replies: 10
Views: 1287

Re: Starting to invest at 29 - After lots of reading, I have questions! *Long read*

If you have ambitions of retiring early don't it excessive amounts of your net worth into 401k and IRA, keep it accessible and liquid pre retirement age. Don't let a plan dictate when you retire, you dictate when you retire I would not gloss over this posters point. In my case I did not start dilig...
by chinto
Thu Aug 31, 2017 5:31 pm
Forum: Personal Consumer Issues
Topic: The Wall Street Journal to close Google loophole entirely
Replies: 155
Views: 25734

Re: The Wall Street Journal to close Google loophole entirely

IMNTBMFHO, we live in a world of information overload. Oft we set by habits, of reading this and that each day, following on link after another, drowning a sea of information, often conflicting...one of the best things that happened to me last year was when my e-mail provider went out of business ov...
by chinto
Thu Aug 31, 2017 11:26 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 37381

Re: Michael Kitces 4% rule podcast on Madfientist

So based on the contents of Ric Edelman's book The truth about your future I had a few conversations with some physicians I know, they lend a level of credence to some of Edelman's futurist views on longevity. Combining that with some conversations with pension actuaries...wow, the implications are ...
by chinto
Thu Aug 31, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: ETF vs index funds for a 3-fund portfolio at Fidelity?
Replies: 13
Views: 1040

Re: ETF vs index funds for a 3-fund portfolio at Fidelity?

2. Funds are free to both buy and sell at Fidelity while the ETF's are only free to buy. That's incorrect. The iShares ETFs are commission-free. There is a short-term fee if you sell before 30 days. Hmmm....well look at this: Free commission offer applies to online purchases of Fidelity ETFs and se...
by chinto
Wed Aug 30, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: How much sooner could you retire with NO property taxes?
Replies: 116
Views: 7650

Re: How much sooner could you retire with NO property taxes?

Currently considering moving from Illinois to Tennessee for lower property taxes. Illinois property taxes are harsh and getting worse. Services in my rural area are non-existent. I get that I am helping the less fortunate, but I do that through my church giving. I also contribute directly to severa...
by chinto
Wed Aug 30, 2017 9:23 pm
Forum: Personal Consumer Issues
Topic: Companies/Brands You Love?
Replies: 157
Views: 10515

Re: Companies/Brands You Love?

Tatiana's TOMATObase - Heritage Tomatoes Aldi Trader Joes Casey's Gas Station and Convenience Store Chick-Fil-A - Truett Cathy was on of the nicest human beings I eve had the pleasure to meet. Virgil's sodas Fedco pruners Godiva Mexican Pepsi Mexican Coke Dr Pepper Dublin (no longer made) Merkt's ch...
by chinto
Wed Aug 30, 2017 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: ETF vs index funds for a 3-fund portfolio at Fidelity?
Replies: 13
Views: 1040

Re: ETF vs index funds for a 3-fund portfolio at Fidelity?

2. Funds are free to both buy and sell at Fidelity while the ETF's are only free to buy. That's incorrect. The iShares ETFs are commission-free. There is a short-term fee if you sell before 30 days. Hmmm....well look at this: Free commission offer applies to online purchases of Fidelity ETFs and se...
by chinto
Wed Aug 30, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: How much sooner could you retire with NO property taxes?
Replies: 116
Views: 7650

Re: How much sooner could you retire with NO property taxes?

If the goal is to retire with no property taxes and yet have a home it is easy to accomplish you just have to know your jurisdiction. A lot of places allow you to have a modular home and as long as it is not set on a foundation you simply pay a license plate fee. So for example in IL, you can pay wh...
by chinto
Wed Aug 30, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 17394

Re: What should the savings be for an average professional

My advice, determine your lifestyle, figure out how much it costs to live that lifestyle, make an approximation of what it would take in terms of a lump sum at 45, 50, 55, 60, 65, 70 years of age to retire. Then simply invest the difference between your income and your lifestyle expenses. When you ...
by chinto
Tue Aug 29, 2017 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 17394

Re: What should the savings be for an average professional

I just love this post; it made me happy just reading it! Re: CyclingDuo - is that bicycle, motorcycle? Bicycles, of course. We ride road bikes together. In addition to our regular rides throughout a routine week, we usually try to throw in at least one week of a cycling trip each Summer (did 50 - 8...
by chinto
Tue Aug 29, 2017 10:57 pm
Forum: Investing - Theory, News & General
Topic: First article I've read against indexing that seems convincing
Replies: 40
Views: 5914

Re: First article I've read against indexing that seems convincing

However, the common thread in this article is the decreasing incentivization of companies to perform well, and perform well for the long-term. Given the way compensation for executives and the board of directors is structured, given how little interest shareholders have in voting their shares in a ...
by chinto
Tue Aug 29, 2017 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate vs stock market returns: some unbiased numbers
Replies: 40
Views: 5450

Re: Real estate vs stock market returns: some unbiased numbers

I would you suggest you take a hard look at the pension obligations of the state and then the municipality you are planing or are buying real estate in as well as weigh the business and political climate. I divested years ago as I saw the writing on the wall. Here is, in part, what to look for. You ...
by chinto
Tue Aug 29, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 17394

Re: What should the savings be for an average professional

Well stated! The two of us certainly marched to a different drum beat compared to what I read on some of these threads at BH. We front end loaded our life with world travel and experiences while we were young, healthy, mobile, raising children (while we were between the ages of 25 and 45 where we l...
by chinto
Mon Aug 28, 2017 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to doubt my index portfolio, will it at least get me 5% inflation adjusted over next two decades?
Replies: 34
Views: 3939

Re: Starting to doubt my index portfolio, will it at least get me 5% inflation adjusted over next two decades?

Explain to me now with these measly returns why would anyone bother with stocks and not just buy duplexes / triplexes , polish them up and rent them out, netting 8-12% annual profit from the cost of property? Honest question. When I asked about investments, this is what I meant. Because real estate...
by chinto
Mon Aug 28, 2017 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Article on Savings - Are BHs the 1% ?
Replies: 23
Views: 3848

Re: Article on Savings - Are BHs the 1% ?

There will always be those who barely make enough to make ends meet and in those cases it should be expected that they will have less saved. However, for those who earn more than enough disposable income after paying for necessities but choose to deploy those assets into depreciating items with a f...
by chinto
Mon Aug 28, 2017 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 17394

Re: What should the savings be for an average professional

I wonder if I am the only person who finds these threads odd. I have always walked the road less traveled, but these threads seem very strange to me. It seems to me, people have likes and dislikes and ways they simply wish to live. To that end you develop a lifestyle and perhaps you have aspirations...
by chinto
Mon Aug 28, 2017 1:51 pm
Forum: Investing - Theory, News & General
Topic: Why not just buy BRK.B or BRK.A?
Replies: 49
Views: 3935

Re: Why not just buy BRK.B or BRK.A?

Nicolas wrote: ↑
Mon Aug 28, 2017 1:46 pm
Even Buffett wants his widow to be 90% in the S&P 500, not BRK.
This. Seriously, Uncle Warren did not tell his widow to keep everything in BRK. If he has no faith in future managers why should you?
by chinto
Mon Aug 28, 2017 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to doubt my index portfolio, will it at least get me 5% inflation adjusted over next two decades?
Replies: 34
Views: 3939

Re: Starting to doubt my index portfolio, will it at least get me 5% inflation adjusted over next two decades?

I think you are living in fantasy land assuming 5-6% real. You really have 3 logical choices. 01) Run with your allocation and hope, realizing at the end of 20 years you may have to simply work longer to get where you want to be 02) Run with you allocation and hope, realize at the end of 20 years yo...
by chinto
Mon Aug 28, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Prior employer wants to lump sum me out - check my logic
Replies: 18
Views: 1604

Re: Prior employer wants to lump sum me out - check my logic

That is pretty good. I have a defined benefit plan laying around worth about 100K, if I annualized it I can get 500 a month plus change vs taking it as a lump sum. As for the spousal benefit, you are 39, that is along time off, and you are assuming you will still have your spouse. I know literal leg...
by chinto
Mon Aug 28, 2017 12:28 am
Forum: Personal Consumer Issues
Topic: Lowes vs Home Depot
Replies: 60
Views: 7505

Re: Lowes vs Home Depot

Home Depot. For several reasons, Lowes is far more dysfunctional when it comes to looking up a product on-line and then going to pick it up at a store only to find out it is not in stock at the store even though they website said it clearly was in stock. Getting them to deliver on time is a major ch...
by chinto
Sun Aug 27, 2017 10:22 pm
Forum: Investing - Theory, News & General
Topic: Review with Me - Larry Swedroe's new book
Replies: 160
Views: 7377

Re: Review with Me - Larry Swedroe's new book

I guess what stops me cold is the title of another books of his: The Only Guide to a Winning Investment Strategy You'll Ever Need Just sayin'. This is a valid critique of the academic research, that is it is dynamic. The academics have pretty well stuck to their guns on the Size and Value factors b...
by chinto
Sun Aug 27, 2017 3:17 am
Forum: Personal Finance (Not Investing)
Topic: School Redistricting - What should we do?
Replies: 96
Views: 7730

Re: School Redistricting - What should we do?

I'll just say this. There are a lot of virtual schools out there and I have never seen anything other than superior results from the students who utilize them. The best of them (IMO) do not have mandatory group participation and are entirely self-contained. I am a firm believer that teacher lead cla...
by chinto
Sun Aug 27, 2017 2:39 am
Forum: Investing - Theory, News & General
Topic: Review with Me - Larry Swedroe's new book
Replies: 160
Views: 7377

Re: Review with Me - Larry Swedroe's new book

I guess what stops me cold is the title of another books of his:

The Only Guide to a Winning Investment Strategy You'll Ever Need

Just sayin'.
by chinto
Fri Aug 25, 2017 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: Move Fidelity ROTH to Vanguard?
Replies: 15
Views: 1278

Re: Move Fidelity ROTH to Vanguard?

OP, what are the benefits of moving your money to Vanguard that you perceive over Fidelity? In other words what is your motivation? If auto rebalancing is an issue you might want to check out Fidelity's Four-in-one fund. In genreal Fidelity has some very. very low cost funds, lower than Vanguard. An...
by chinto
Fri Aug 25, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"
Replies: 119
Views: 14544

Re: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"

i'm no fan of bob brinker, but on his now shuttered discussion forum he had no problems with retirees going 50% vanguard total stock market index and 50% vanguard gnma. I am not sure why anyone would give an iota of credence to anything Bob Brinker states or writes, or pretends to write. Have you e...
by chinto
Tue Aug 22, 2017 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 16852

Re: Jobs that pay over $100,000

Study accounting in undergrad + CPA. CPA It took me 7 years and leaving public to hit $100k and 3 more to hit $165k. Isn't 100K plus salaries for a CPA unusual? I looked on the net and most of what I found was akin to this: http://www.payscale.com/research/US/Job=Certified_Public_Accountant_(CPA)/S...
by chinto
Tue Aug 22, 2017 3:14 am
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 16852

Re: Jobs that pay over $100,000

Heck, some classroom teachers are pulling in over $100k. Add in some pre-school monitoring, yearbook advisor and after school basketball, and they can really get up there. Summers off and great health care. This is very geographically dependent. My base salary with six years of experience is $34k. ...
by chinto
Tue Aug 22, 2017 2:45 am
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 16852

Re: Jobs that pay over $100,000

Study accounting in undergrad + CPA. CPA It took me 7 years and leaving public to hit $100k and 3 more to hit $165k. Isn't 100K plus salaries for a CPA unusual? I looked on the net and most of what I found was akin to this: http://www.payscale.com/research/US/Job=Certified_Public_Accountant_(CPA)/S...
by chinto
Fri Aug 18, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 16852

Re: Jobs that pay over $100,000

An actuary, a physicians assistant. The former is much harder than the latter in terms of barriers to entry and education. My offspring is the former, 23, makes about 120K right now. Female I am trying to set him up with is the latter. Both great career paths for the education investment. Unlike man...
by chinto
Fri Aug 18, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 11234

Re: Anyone planning on never retiring?

I loved my work, and planned to work until I croaked, but then I "aged out" in Silicon Valley almost twenty years ago. So now I'm retired and I wish I were still working. I have made a few passes at taking courses, but, although I live near a major university, they did away with their community cou...
by chinto
Fri Aug 18, 2017 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401K vs Traditional 401K
Replies: 25
Views: 1598

Re: Roth 401K vs Traditional 401K

A lot of it has to do with where you are in life, how much runway you have left,and if you know what state you may retire in verses the one you worked in. If you have a good idea where you income may end up and you will definitely benefit from a lower tax bracket in retirement then it makes a great ...
by chinto
Fri Aug 18, 2017 3:56 am
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 11234

Re: Anyone planning on never retiring?

She is a LCSW so she was not surprised and saw it coming, she deals with retiree issues often in her practice. His identity was tied to work. What the heck is an "LCSW?" :confused If somebody's identity is "tied to work," then they REALLY need to retire and find out what life is really all about. L...
by chinto
Fri Aug 18, 2017 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 11234

Re: Anyone planning on never retiring?

I was talking to my first love the other day (we are still friends some 35 years later), her husband retired last month. We talked about that for some time, sitting together on a park bench, watching the sun set. We both saw the irony,sitting together watching the sun set not only on the horizon but...
by chinto
Fri Aug 18, 2017 1:02 am
Forum: Investing - Theory, News & General
Topic: news yesterday that Buffett has $100,000,000,000 in cash now
Replies: 65
Views: 9180

Re: Buffett and his $100 Billion in cash [are you increasing your cash holdings]

No they aren't. Buffett and Munger's philosophy has been to find businesses that they believe are undervalued or that they can take to a higher level. They just haven't been able to invest all of their cash in these types of businesses right now. And it's their company that is holding the cash, not...
by chinto
Fri Aug 18, 2017 12:41 am
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 16790

Re: Lost $7000 today in ONE DAY!

By this way of reasoning I lost 37,561 dollars today, to which I reply: yawn.
I am glad you mentioned this though, I might do some buying in my offspring's accounts.