Search found 166 matches

by cjcerny
Tue Jun 20, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking progress to $1M portfolio and no mortgage by 40
Replies: 53
Views: 11349

Re: Tracking progress to $1M portfolio and no mortgage by 40

If it were me, I would want goals that are more under my control. So, for example, rather than setting a goal of "I want my portfolio to be worth X by year YYYY", I would have a goal of "I want contribute $xxxx in year YYYY to my portfolio". That is a goal that you can strive for...
by cjcerny
Tue Jun 13, 2017 8:45 am
Forum: Investing - Theory, News & General
Topic: Ok reasons for a 37 year old to have a 60/40 mix?
Replies: 39
Views: 3641

Re: Ok reasons for a 37 year old to have a 60/40 mix?

I'm 50 and all in on Vanguard's Balanced Index Fund. No plan to change once I retire, but I will if I find the volatility to be unnerving at that point. All my investment decision making is made based on the volatility. I've found a level that I am completely comfortable with.
by cjcerny
Tue May 30, 2017 6:29 am
Forum: Personal Consumer Issues
Topic: Mouse In Apartment
Replies: 39
Views: 3723

Re: Mouse In Apartment

Any kind of trap with a dab of peanut butter on it will reel in them meeces. Capture or kill enough of them and they will likely not return.
by cjcerny
Fri May 26, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Looking for advice/reassurance on what to do with $4-5m
Replies: 63
Views: 5777

Re: Looking for advice/reassurance on what to do with $4-5m

If you invest that 4-5 million in low cost stock and bond indexes, you can easily withdraw 3% a year from it for life. You don't have to work any more if you don't want to.
by cjcerny
Thu May 18, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX need advice [Vanguard Total Stock Market]
Replies: 65
Views: 7263

Re: 100% VTSAX need advice

It's all about volatility, really. 100% VTSAX will leave you with a portfolio that could cause you a lot of stress, especially if you are retired and are no longer receiving a paycheck. The upside to a 100% VTSAX portfolio is that you will likely do better than any portfolio containing bonds over th...
by cjcerny
Mon May 15, 2017 12:32 pm
Forum: Personal Consumer Issues
Topic: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]
Replies: 45
Views: 3258

Re: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]

Probably a bad oxygen sensor somewhere or a pressure leak in the fuel system. I would swing by an Auto Zone on a weekday evening (when they are not so busy) and have them read the code from the computer for you. In general, check engine lights are cautions that you do want to get fixed eventually bu...
by cjcerny
Thu May 11, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Help my friend give away his estate
Replies: 34
Views: 4136

Re: Help my friend give away his estate

Why doesn't your friend just give the money he wants to charities he wants to now while he is still alive? Why wait? Then, give the kids what is left in the will.
by cjcerny
Thu May 11, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice for retirees (age 69, perhaps $3 MM) that are unhappy with their advisors
Replies: 34
Views: 2872

Re: Seeking advice for retirees (age 69, perhaps $3 MM) that are unhappy with their advisors

The real goal is to convince them that they don't actually need a financial adviser. They have to be unprogrammed from thinking that investing can only be performed successfully using the very expensive help of such a person. If you can do that, the rest will fall into place, as they simply need to ...
by cjcerny
Thu May 11, 2017 6:31 am
Forum: Personal Consumer Issues
Topic: Travel tips for first time visitors to England and France?
Replies: 56
Views: 4073

Re: Travel tips for first time visitors to England and France?

I would put my paws on the relevant Rick Steve's books and use many of his recommendations. He also typically has sections in them along the lines of "I have 3, 4, 5, etc. days in Paris", what should I do?
by cjcerny
Wed May 10, 2017 7:25 am
Forum: Personal Consumer Issues
Topic: 18" vs 20" Tires
Replies: 39
Views: 2312

Re: 18" vs 20" Tires

I am thinking about buying a new SUV. I see the same car at two different dealers with the exception of wheel/tire size. SUV #1 has 18" Painted Aluminum Wheels SUV #2 has 20" Polished Aluminum Wheels for $1,295 more. How does the SUV handle on different tires sizes? Is 18" more for c...
by cjcerny
Tue May 09, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Where to park my fat stacks [money]?
Replies: 20
Views: 2315

Re: Where to park my fat stacks [money]?

Short term and intermediate term treasuries are a great portfolio stabilizer. You really don't need anything else other than a Total Stock Market fund.
by cjcerny
Fri May 05, 2017 2:49 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 18535

Re: Why save so much for when you're old?

Hi, I'm 24 yrs old and almost one year into my actuarial career (first real job). I expect to make good money in the future and have started investing since I was hired. My question is why is saving a lot for retirement so important? I get that we need money for when we're retired and no longer hav...
by cjcerny
Fri May 05, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Investing in Vanguard's Wellesley Income fund for 10 years to buy car
Replies: 21
Views: 2784

Re: Investing in Vanguard's Wellesley Income fund for 10 years to buy car

I wouldn't invest any money in stocks that I needed on a certain date. Short term bond fund would be as much volatility as I would take on for such savings.
by cjcerny
Fri May 05, 2017 7:25 am
Forum: Personal Consumer Issues
Topic: Window Replacement Question
Replies: 20
Views: 2006

Re: Window Replacement Question

You will not recoup the cost of the replacement windows. New windows--especially if you don't do your homework and get good windows--are not going be much more efficient than the windows you have now. If you are looking to make your house more energy efficient, more insulation and sealing your duct ...
by cjcerny
Thu May 04, 2017 6:42 am
Forum: Investing - Theory, News & General
Topic: A Boglehead Guide to Buying Individual Stocks
Replies: 85
Views: 6877

Re: A Boglehead Guide to Buying Individual Stocks

There's a chapter on buying stocks in Millionaire Teacher that I thought was pretty good.
by cjcerny
Wed May 03, 2017 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: My dad needs my help.
Replies: 50
Views: 4908

Re: My dad needs my help.

Move everything to Vanguard. Put 40% in Total Stock Market Index fund. Put 60% in Total Bond Market Index fund. Or, put 100% of it in Vanguard's Wellesley fund. Withdraw no more than 4% a year from the total portfolio, including dividends.That's it. No adviser of any kind needed. It really is just t...
by cjcerny
Wed May 03, 2017 11:44 am
Forum: Investing - Theory, News & General
Topic: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg
Replies: 64
Views: 6946

Re: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg

Mr. Seides should just graciously admit that Mr. Buffett won the bet for all the reasons Mr. Buffett said he would win the bet. But, he can't do that. His livelihood would be at stake. Active management can work well in very limited circumstances. Vanguard's actively managed Wellington and Wellesley...
by cjcerny
Wed Apr 26, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 5671

Re: One Fund? Really?

If you will be forced to withdraw from this fund on a yearly basis at some point (RMD), I do not like the 1 fund idea. I think it would be better to have two funds with a low correlation so that you will always have a fund that is doing well that year to withdraw that RMD from. Why would this matte...
by cjcerny
Wed Apr 26, 2017 12:20 pm
Forum: Personal Consumer Issues
Topic: $300+ to remove a racoon. Really?
Replies: 83
Views: 5044

Re: $300+ to remove a racoon. Really?

Havahart trap with a dollup of peanut butter on the trigger almost always works. Just have to find a nice place to turn that critter loose.
by cjcerny
Tue Apr 25, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 5671

Re: One Fund? Really?

If you will be forced to withdraw from this fund on a yearly basis at some point (RMD), I do not like the 1 fund idea. I think it would be better to have two funds with a low correlation so that you will always have a fund that is doing well that year to withdraw that RMD from.
by cjcerny
Fri Apr 21, 2017 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Brand New Investor Help
Replies: 11
Views: 710

Re: Brand New Investor Help

1) Keep it super simple. 2) Keep your costs super low. No real need to consider a target date fund or ETFs. Those are just going to add to your costs in the long run. Don't worry about buying the bonds now if you can afford the $3k opening cost of buying Total Bond Market Index. Buy them next year w...
by cjcerny
Fri Apr 21, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4004

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

The Lifestrategy and Target Date funds are good choices, but you do pay a premium to use them rather than just buying total market index funds. I would just save up that $200 a month until you have enough $$ to buy Total Stock Market Index this year and then do the same thing again next year with To...
by cjcerny
Wed Apr 19, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Should I bother with a 401k at present?
Replies: 25
Views: 2144

Re: Should I bother with a 401k at present?

Always contribute enough to get the match, even if the expenses on the investment choices you have available to you are lousy.
by cjcerny
Tue Apr 18, 2017 8:13 am
Forum: Personal Consumer Issues
Topic: Best cruise
Replies: 50
Views: 3937

Re: Best cruise

You can get a 5 day cruise for $350 a person if you shop it right. And, if you can drive to the departure port rather than fly, you'll save even more money. I've been a number of different bargain and upscale cruise lines and I think a lot of whether you enjoy yourself just comes down to your own at...
by cjcerny
Tue Apr 18, 2017 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Which book is best to start with ?
Replies: 12
Views: 1049

Re: Which book is best to start with ?

I would actually start with Jane Quinn Bryant's "How To Make Your Money Last". I think it is more cohesive than the two mentioned while still advocating index investing. Heresy, I know. :happy
by cjcerny
Fri Apr 07, 2017 8:01 am
Forum: Personal Consumer Issues
Topic: Help on how to spend more on myself (First World Whine)
Replies: 93
Views: 5899

Re: Help on how to spend more on myself (First World Whine)

I have the same problem as the OP. The only real way I trick myself into buying any toys is to buy them used (usually Craigslist) and then sell them again after I have had my way with them. That way, I trick myself into thinking that I've only borrowed them and that it hasn't cost me a lot of money ...
by cjcerny
Tue Apr 04, 2017 10:05 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 6298

Re: Economics of Charging an Electric Car

I pay about 6 cents for a KWh here in Akron. Definitely pricey at 19 cents. I believe the eMPG numbers used to calculate the MPG equivalent of an electric car is about 12 cents.
by cjcerny
Tue Apr 04, 2017 7:20 am
Forum: Personal Consumer Issues
Topic: Comfortable Vehicle Front Seats
Replies: 90
Views: 14721

Re: Comfortable Vehicle Front Seats

Kia Optima.

Consumer Reports has comfort ratings for the front and rear seats of every vehicle they review, by the way.
by cjcerny
Wed Mar 22, 2017 12:46 pm
Forum: Personal Consumer Issues
Topic: Purchasing a 2017 Hyundai Sonata Sport 2.0T
Replies: 16
Views: 1423

Re: Purchasing a 2017 Hyundai Sonata Sport 2.0T

Sure you don't want to try a Kia Optima before you buy that Sonata?
by cjcerny
Fri Mar 17, 2017 7:02 am
Forum: Investing - Theory, News & General
Topic: Vanguard's recommendation
Replies: 15
Views: 1887

Re: Vanguard's recommendation

Questionnaires are silly, I think. I would use something like http://www.portfoliovisualizer.com and run a backtest using your actual portfolio $$ values and then look at what the last bear would have done to your nest egg in $$. If you can stomach, for example, your bottom line going from like $400...
by cjcerny
Thu Mar 16, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Convincing Someone To Dump A Bad Financial Advisor
Replies: 39
Views: 3502

Re: Convincing Someone To Dump A Bad Financial Advisor

The only way to get people to change is for them to hear or read the same advice from a number of people, especially someone they know and/or trust. Even then, they will be reluctant to do so because they will be embarrassed about their poor decision making. Feed her many links and publications that...
by cjcerny
Thu Mar 16, 2017 9:00 am
Forum: Investing - Theory, News & General
Topic: Astrid Menks Buffett's Asset Allocation
Replies: 7
Views: 1041

Re: Astrid Menks Buffett's Asset Allocation

I think Mr. Buffett would recommend that same portfolio for any investor, regardless of their age, as long as they had a near term, regular need to make withdrawals from it, as you would in a 401k or conventional IRA. Free of the requirement to having to make yearly withdrawals, he would recommend 1...
by cjcerny
Mon Mar 13, 2017 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Inherited 90K. New to Investing, single parent
Replies: 22
Views: 2717

Re: Inherited 90K. New to Investing, single parent

Don't under estimate the peace of mind that comes from being completely debt free. That is, consider using the 90k to pay off all your loans and pay for a home/condo in its entirety. If you don't have any money left to invest, so be it.
by cjcerny
Fri Mar 10, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: 28yo, New Millionaire, Advice on Wealth Management
Replies: 64
Views: 7083

Re: 28yo, New Millionaire, Advice on Wealth Management

You don't need a wealth manager. You don't want a wealth manager. All a wealth manager is going to do is slowly transfer your hard earned money from your pockets to theirs. You just need to take some time and familiarize yourself with investing in low cost broad market stock and bond index funds. Th...
by cjcerny
Fri Mar 10, 2017 11:51 am
Forum: Personal Consumer Issues
Topic: 2017 Honda Civic not recommended by Consumer reports
Replies: 44
Views: 6370

Re: 2017 Honda Civic not recommended by Consumer reports

CR also hates Honda's infotainment system with a passion. If you've tried it, you know why.
by cjcerny
Fri Mar 10, 2017 11:49 am
Forum: Personal Consumer Issues
Topic: can you recommend good tires
Replies: 50
Views: 2911

Re: can you recommend good tires

Michelin Defender
by cjcerny
Wed Feb 22, 2017 8:18 am
Forum: Personal Consumer Issues
Topic: Staying at Disneyworld
Replies: 30
Views: 3504

Re: Staying at Disneyworld

Take someone with a valid and unexpired military uniformed services card with you. They get great discounts on tickets and room prices, as long as they are staying in your room with you.
by cjcerny
Fri Feb 10, 2017 12:35 pm
Forum: Personal Consumer Issues
Topic: Saved too much? What do you splurge on?
Replies: 90
Views: 9655

Re: Saved too much? What do you splurge on?

My splurge would be to set up college scholarship(s) at the local high school--or your alma mater--for students that meet the qualifications you are looking for.
by cjcerny
Tue Feb 07, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Child on the Way - What to do for College Financing?
Replies: 116
Views: 6799

Re: Child on the Way - What to do for College Financing?

Best way to save for college expenses is to get a job at a college. :happy

Somewhat silly. Somewhat serious. Free tuition for your children is a killer benefit that almost all colleges and universities offer their employees, both the teaching staff and the non-teaching staff.
by cjcerny
Mon Feb 06, 2017 2:08 pm
Forum: Personal Consumer Issues
Topic: Plumbing issue - advice sought
Replies: 47
Views: 3986

Re: Plumbing issue - advice sought

If it is an old house that still has some of the original cast iron plumbing, you could very well have a leak in the cast iron drain pipe connected to the tub. Cast iron plumbing has to be replaced at some point, if it hasn't been already.
by cjcerny
Tue Jan 31, 2017 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Which 401K bond fund would you pick?
Replies: 5
Views: 618

Re: Which 401K bond fund would you pick?

Faced with those choices, I would just own bonds in my Vanguard IRA and only own stock in my 401K. I'm assuming you have a low priced stock index fund to choose from in your 401K.
by cjcerny
Wed Jan 25, 2017 9:05 am
Forum: Personal Consumer Issues
Topic: Carribean island most like Hawaii
Replies: 63
Views: 8169

Re: Carribean island most like Hawaii

St. Lucia
by cjcerny
Tue Jan 17, 2017 12:35 pm
Forum: Personal Consumer Issues
Topic: Basic question on Hybrid cars
Replies: 64
Views: 4315

Re: Basic question on Hybrid cars

There's no difference in how the power train of a Prius works versus any other Toyota hybrid. The only real difference is that the Prius includes a number of additional aerodynamic features that the other models do not to further increase the MPG.
by cjcerny
Fri Dec 23, 2016 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Are my parents in good hands with this adviser?
Replies: 88
Views: 7554

Re: Are my parents in good hands with this adviser?

Why are we even bothering to analyze anything that this adviser stated in his email? For the most part, we all agree that a super low cost portfolio of broad index funds is going to beat the pants off of anything an adviser could ever put together. Apparently, it's my job to remind the OP of this. :...
by cjcerny
Wed Dec 21, 2016 11:50 am
Forum: Personal Finance (Not Investing)
Topic: 16 yo, first book on investing
Replies: 28
Views: 1979

Re: 16 yo, first book on investing

The Index Card
by cjcerny
Tue Dec 20, 2016 12:45 pm
Forum: Personal Consumer Issues
Topic: Coach bag for wife - how to buy
Replies: 73
Views: 5865

Re: Coach bag for wife - how to buy

For the most part, the bags they sell in the Coach outlet stores are not the same bags they sell in the Coach flagship stores. Coach, like most manufacturers, makes less expensive product specifically for outlet stores to make you think you are getting a hefty discount on the product they might have...
by cjcerny
Tue Dec 13, 2016 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Book suggestions for financially clueless mother in law
Replies: 11
Views: 1064

Re: Book suggestions for financially clueless mother in law

The Index Card

If that doesn't reach her, nothing will.
by cjcerny
Fri Dec 09, 2016 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: investment personal decision
Replies: 16
Views: 2657

Re: investment personal decision

If I needed all of the money in 3-5 years, the only place I would put it is in CD's or short term bonds.
by cjcerny
Fri Dec 09, 2016 9:02 am
Forum: Investing - Help with Personal Investments
Topic: First post! Too risky portfolio? Please Advise!
Replies: 19
Views: 1224

Re: First post! Too risky portfolio? Please Advise!

Look at your own behavior to find the answer to your question. If you find yourself constantly worried about how large downturns in the stock market will affect your portfolio, add more bonds. If you never think twice about it and sleep like a baby even during big downturns like we had in 2008, then...
by cjcerny
Tue Dec 06, 2016 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Dad's Retirement Account
Replies: 19
Views: 2295

Re: Dad's Retirement Account

I would go with 30% Total Stock Index and 70% Total Bond Index to keep the expenses rock bottom. Second, having both a stock fund and a bond fund (rather than one or more balanced funds) means that the chances of having to take an RMD from a fund that has lost money for the year are very low. Finall...

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