Search found 2683 matches

by heyyou
Sat Sep 23, 2017 12:15 am
Forum: Investing - Theory, News & General
Topic: AA if you were just starting out again
Replies: 49
Views: 3320

Re: AA if you were just starting out again

I wish that better allocating was all that I needed in my late 1970s and 1980s investing.
by heyyou
Fri Sep 22, 2017 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 103
Views: 6223

Re: Age you retired

Retired at 55 in 2005, into the best years of my life. My various volunteer work days felt better than any day at my job. The euphoria lasted for most of a decade.
by heyyou
Fri Sep 22, 2017 4:39 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 198
Views: 17659

Re: I won the Lottery. Need sound advice.

To be considerate, always fund your wife's retirement accounts first, every year. Long term, consider learning to live on just your paycheck, and let your wife save all of her take home pay. That might help her feel better about the saving. Start small, but try to steadily bump up the amount saved e...
by heyyou
Fri Sep 22, 2017 3:40 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 198
Views: 17659

Re: I won the Lottery. Need sound advice.

Vanguard PAS is Personal Advisor Services at a cost of .3% per year, much less than elsewhere. Vanguard operates like a non-profit-- when they have a profit, it is spent on reducing the fees that they charge the customers next year. There are no owners or stock holders, the business owns itself. Yes...
by heyyou
Fri Sep 22, 2017 1:39 am
Forum: Investing - Theory, News & General
Topic: If you will adapt your spending, you money will last longer.
Replies: 8
Views: 1376

If you will adapt your spending, you money will last longer.

Scott Burns's message deserves repeating--the message about personal choices and their (positive) effects on portfolio longevity, less important is the message about the Monte Carlo calculated (to tenths of a percent) set of optimal spending rules from the research paper. We have some control of our...
by heyyou
Mon Sep 18, 2017 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 23161

Re: Calling out the not so rich bogleheads

I delivered packages for 30 years then retired at age 55, highest annual income was less than $70K. My no-COLA pension, my SS at age 70, and 4% of my portfolio, are each near the same number. When the 401k opened at my employer in the early 1980s, one of the equity fund choices was an S&P500 fund. T...
by heyyou
Sun Sep 17, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 63
Views: 6860

Re: Physiological effects of Early Retirement in peak earning years.

It is okay keep working if work is what you prefer. The company newsletter had an article about the guy who didn't ever retire, they continued to reduce his work load until he was doing part-time, entry level work after 50+ years at the business. One alternative is to keep working until you do see t...
by heyyou
Wed Sep 13, 2017 12:13 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 23324

Re: Name something you had to have and now you regret purchasing it?

A collaterized commodities futures (CCF) fund in 2007

Equities will outgrow inflation if the investor stays the course for the long term.
by heyyou
Mon Sep 11, 2017 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees-anyone miscalculate how much was needed?
Replies: 71
Views: 8688

Re: Retirees-anyone miscalculate how much was needed?

(1) We retired when my pension credits caught up to our spending amount, so we had inadvertently been practicing living on our initial retirement budget, a pleasant surprise in retirement. (2) When saving diligently for retirement (progressively saving more most years), 25 times that spending level ...
by heyyou
Mon Sep 11, 2017 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: For those planning early retirement....
Replies: 67
Views: 8367

Re: For those planning early retirement....

Retired a dozen years ago at age 55. Early retirement became the best years of my life after a blue collar career that included having my daily productivity measured in hundredths of an hour, every day. At 55, I was patient and wiser, but still physical enough to do whatever I wanted--concrete proje...
by heyyou
Sun Sep 10, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: Recent Hurricanes Provide Good Lesson For Investors
Replies: 30
Views: 4183

Re: Recent Hurricanes Provide Good Lesson For Investors

by Random Walker » Sun Sep 10, 2017 12:25 pm I think it's really important to consider the possibility of alternative histories. Our investing decisions can't necessarily be judged on the outcomes because only one history played out. Decisions need to be evaluated based on when they were made, not ...
by heyyou
Sat Sep 09, 2017 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Reasonable to adjust 401k allocation if you have a pension?
Replies: 20
Views: 1974

Re: Reasonable to adjust 401k allocation if you have a pension?

Short answer: Consider a 75/25 stock to bond allocation instead of a 60/40. As with many other investing decisions, it depends more on you personally than on investing theory. With an all stock portfolio, how will you react when its value equal to a year's income (5-7 years of saving), falls by 50% ...
by heyyou
Sun Sep 03, 2017 11:14 pm
Forum: Personal Consumer Issues
Topic: Things to buy/repair before (early) retirement
Replies: 32
Views: 3625

Re: Things to buy/repair before (early) retirement

Things to buy/repair before (early) retirement Take care of your health, since that can be one of your most expensive future costs. Eat right, walk some everyday, look for new hobbies or a bucket list activity that makes you move your body (besides just walking into restaurants for the early bird s...
by heyyou
Sun Sep 03, 2017 10:29 pm
Forum: Investing - Theory, News & General
Topic: How much weight do you put on back-testing?
Replies: 53
Views: 3284

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

Juxtaposing some of what others have mentioned about back-testing to forecast future returns, where is the risk if the future is known? Maybe we would not like what we get if the risks are gone. For the retirees here, we have seen high inflation reduced for so long, that the low inflation has become...
by heyyou
Sat Sep 02, 2017 11:40 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2592
Views: 820646

Re: What Book Are You Currently Reading? Part VI

Just finished Cities of Gold by Douglas Preston, published in 1993. It is about the author's horse ride following Coronado's route into the Southwest US, 450 years after the original trip. What John McPhee has done with geology on I-70 coast to coast, this author does similar with some Arizona histo...
by heyyou
Sat Sep 02, 2017 2:16 pm
Forum: Investing - Theory, News & General
Topic: OSWAN: Optimum Sleep Well At Night retirement plan
Replies: 37
Views: 3174

Re: OSWAN: Optimum Sleep Well At Night retirement plan

I keep 10 years worth of expenses in bonds funds and the rest in stocks or stock funds. Here is the research paper on spending from bonds first, if you can track the Greek symbols. http://www.retailinvestor.org/pdf/SpitzerSingh.pdf Michael H. McClung, in Living Off Your Money, recommends bonds-firs...
by heyyou
Sat Sep 02, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Any way to "translate" a fixed pension/annuity to an inflation adjusted one?
Replies: 23
Views: 1565

Re: Any way to "translate" a fixed pension/annuity to an inflation adjusted one?

1. Get a quote for how much it'd cost to buy an annuity with your current fixed annuity payments 2. Get a quote for how an inflation-adjusted annuity with the results from part 1 as the principle 3. Spend the result of 2, saving the difference in something. Probably TIPS. Very well said. The immedi...
by heyyou
Fri Sep 01, 2017 5:14 pm
Forum: Investing - Theory, News & General
Topic: Robert Kiyosaki - rich dad, poor dad
Replies: 45
Views: 4426

Re: Robert Kiyosaki - rich dad, poor dad

If you have the time to learn more about charlatans, read about Kiyosaki.
Read John T. Reed, who has written about Kiyosaki's claims.
Real estate transaction prices are public info.
by heyyou
Wed Aug 30, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: 8 Questions to Ask Yourself Before Retiring Abroad
Replies: 6
Views: 1191

Re: 8 Questions to Ask Yourself Before Retiring Abroad

These expats are selling their own beachfront properties in far western Panama on the Pacific side, a few hours from Boquete, but their quiz about suitability for expat living is valid, maybe even for other locations. http://www.livinginpanama.com/living-in-panama/quiz-should-i-move-to-panama/#sthas...
by heyyou
Wed Aug 30, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: Rob Arnott: Dump US stocks buy EM
Replies: 65
Views: 5382

Re: Rob Arnott: Dump US stocks buy EM

Trying to save more is another way to boost portfolio size without having to discern what the next best allocation will be.
by heyyou
Mon Aug 28, 2017 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: We are well set but........the Asset Allocation ??
Replies: 16
Views: 1902

Re: We are well set but........the Asset Allocation ??

Consider how long you can draw from your cash and bonds without needing to sell any stocks that have fallen in price. Yes, that won't feel good, but by now, you have already survived numerous stock crashes. Also, your stocks have gained so much that we should not view their current values as a perma...
by heyyou
Mon Aug 28, 2017 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Should I be maxing out my 401k AND a roth IRA?
Replies: 8
Views: 1284

Re: Should I be maxing out my 401k AND a roth IRA?

Short answer: Yes, start maxing all of your available retirement accounts. Warning: Geezer with story. I started maxing all available retirement accounts at your age, and it worked well. When you top out your 401k, you can keep contributing the same into a taxable account at the same place if your p...
by heyyou
Sat Aug 26, 2017 8:10 pm
Forum: Investing - Theory, News & General
Topic: Switching 100% to Mid-Cap Value? It consistently beats Total Stock Market with lower risk
Replies: 10
Views: 1824

Re: Switching 100% to Mid-Cap Value? It consistently beats the S&P 500 with lower risk

A search for Mel's Unloved Midcaps. Mel was a co-founder of this BH site. https://www.google.com/search?q=mel%27s+mid-caps&ie=utf-8&oe=utf-8 From the OP's linked articles (1)into the historical data it quickly became apparent that there are certain areas of the market that defy logic and offer highe...
by heyyou
Fri Aug 25, 2017 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Best Book on Roth Conversions
Replies: 27
Views: 4052

Re: Best Book on Roth Conversions

Although ignorant about the time value of my early payment of taxes on my tIRA assets, a dozen annual Roth conversions all made in the 15% tax bracket have made a noticeable reduction in my future RMDs. Note that at the top of the 15% bracket, the average rate for your entire income is 10.8% due to ...
by heyyou
Wed Aug 23, 2017 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Reduce future RMD before 70 1/2
Replies: 4
Views: 700

Re: Reduce future RMD before 70 1/2

Choose the mutual funds for Roth conversion as a modified tax loss harvest, transferring the shares with more potential long term growth. As usual, each Roth conversion seems like an inconsequential amount, but after numerous years, you can see the improvement in the reduced tIRA balance. When RMDs ...
by heyyou
Wed Aug 23, 2017 4:24 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Wait & You'll Likely Miss Out
Replies: 74
Views: 9956

Re: Larry Swedroe: Wait & You'll Likely Miss Out

So how many angels can dance on the head of pin? CAPE 10 is an attempt to forecast the future. Are we surprised at its imprecision and lack of certainty? Paul Samuelson, "The stock market has forecast nine of the last five recessions." Having purchased index shares near or at market highs throughout...
by heyyou
Thu Aug 17, 2017 8:47 pm
Forum: Investing - Theory, News & General
Topic: Market timing alert !!
Replies: 30
Views: 6267

Re: Market timing alert !!

OP: I salute your wisdom of seeing the dark humor this early in your investing era. Some benchmarks to dread: Losing a month's pay in a one day market drop. I quit checking my portfolio balance when I could have a good day at work and a bad evening after seeing a sizable loss. In a recession, losing...
by heyyou
Wed Aug 16, 2017 9:58 pm
Forum: Investing - Theory, News & General
Topic: Dumb, basic question about market-cap weighted funds?
Replies: 57
Views: 3941

Re: Dumb, basic question about market-cap weighted funds?

“Democracy is the worst form of government, except for all the others.”
― Winston S. Churchill
Cap-weighted index funds are not perfect, they are just better than active management of mutual funds.
Costs matter and cap weighting is the lowest cost way to run an index fund.
by heyyou
Wed Aug 16, 2017 9:38 pm
Forum: Investing - Theory, News & General
Topic: Why do we (passive index investors) invest at market weight?
Replies: 35
Views: 2777

Re: Why do we (passive index investors) invest at market weight?

Some use cost efficient, market weighted mutual funds of specific portions of the market, to build slice and dice portfolios. Since the 2000 Crash, I do not share the market's view of Large Growth. I'm doing what better suits me to avoid my selling out during market crashes. One does not have to acc...
by heyyou
Sun Aug 06, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: Your "at peace" moments.
Replies: 98
Views: 11374

Re: Your "at peace" moments.

Feeling grateful now for having a life that includes so many of the moments mentioned by others.
by heyyou
Sat Aug 05, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Is it stupid to consider a defined contribution cash balance pension as part of my bond allocation?
Replies: 18
Views: 1888

Re: Is it stupid to consider a defined contribution cash balance pension as part of my bond allocation?

Losing rebalancing would be a pain. I would still have 10% bonds in the rest of my portfolio, to serve as rebalancing against 90% equities. As usual, VT nailed it. The historical optimal allocations are not 100% stocks due to the advantage of rebalancing further into stocks after market crashes. Lo...
by heyyou
Fri Aug 04, 2017 7:57 pm
Forum: Investing - Theory, News & General
Topic: Greenspan: Look Out When Bonds Pop
Replies: 58
Views: 8440

Re: Greenspan: Look Out When Bonds Pop

Dang, I suppose that we will just have to muddle through whatever does develop in the future, same as we have all along, through all those other decades filled with uncertainty.
by heyyou
Wed Aug 02, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Using RMDS to fund expenses 100 pct
Replies: 3
Views: 488

Re: Using RMDS to fund expenses 100 pct

Short answer: Sure, RMD withdrawals (WD) are a good easy way to have the IRA last. The caveat is, do you want your heirs to inherit all of your Roth IRA and taxable accounts? That is a lot of unspent retirement savings. Yes, both of those are nice for your heirs' taxation. In his 80's, Taylor L. bou...
by heyyou
Mon Jul 24, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone set portfolio goals and rewards?
Replies: 35
Views: 2316

Re: Does anyone set portfolio goals and rewards?

Celebrate a little after each year that you save another 1% of your income. Having been retired for a dozen years, I'm not familiar with the current maximum contribution limits on 401ks plus Roth IRAs. If you are not maxing both of them, that would be a goal to celebrate by rewarding yourself, after...
by heyyou
Sun Jul 23, 2017 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 162
Views: 8718

Re: Can anyone convince me I need international stock in my portfolio?

Others should do what suits them, while I will do what suits me. My view is owning some international is risk avoidance, not the seeking better returns. A Japan crash duration is just one of many risks that can be dodged if I am not too greedy about avoiding the cost. Total return for my mixed portf...
by heyyou
Sun Jul 23, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone set portfolio goals and rewards?
Replies: 35
Views: 2316

Re: Does anyone set portfolio goals and rewards?

by stan1 » Sat Jul 22, 2017 8:40 am I don't like the potential behavioral impacts of tying rewards to portfolio performance. Seems like it could consciously or subconsciously encourage speculation, a riskier asset allocation, or market timing. Now I realize most here will claim they have full contr...
by heyyou
Thu Jul 20, 2017 1:25 pm
Forum: Personal Consumer Issues
Topic: Battery Life - 2008 Toyota Hybrid Camry
Replies: 39
Views: 4726

Re: Battery Life - 2008 Toyota Hybrid Camry

Our 2006 Prius, bought used at 100k miles, went to 146K miles before needing a battery recently. She likes the car, so the battery replacement is just part of the maintenance cost on what we choose to own.
by heyyou
Tue Jul 18, 2017 10:37 pm
Forum: Investing - Theory, News & General
Topic: The Quest for Perfection
Replies: 120
Views: 6921

Re: The Quest for Perfection

History shows that often a few more risks occur than the ones for which we have prepared. Many, besides the eastern philosophers, have noted that striving for perfection i.e. an ideal portfolio, is a path to unhappiness since it cannot be achieved. Trev H's four fund version of the 8 fund Ultimate B...
by heyyou
Sun Jul 16, 2017 9:26 pm
Forum: Investing - Theory, News & General
Topic: The Modified (Golden) Butterfly
Replies: 14
Views: 1728

Re: The Modified (Golden) Butterfly

During a stock crash, owning gold and bonds are good pacifiers, distracting you from selling out of your stocks. Long term, equities have out-grown inflation but the owner has to be patient and stay the course. Buy whatever you will stay with during stock crashes, but not everyone needs every type o...
by heyyou
Sun Jul 16, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: bob brinker on Roth [conversion]
Replies: 26
Views: 3296

Re: bob brinker on Roth [conversion]

I would counter that you can convert now and recharacterize and re-convert again next year. REMEMBER TO CONVERT INTO A NEW (empty) ROTH, so that possible recharacterizations are easier. As usual, good info from Celia. Note that Brinker needs uncertainty so he can sound authoritative. His answer is ...
by heyyou
Sun Jul 16, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: Does mower brand matter much if they're all Briggs & Stratton engines?
Replies: 84
Views: 7093

Re: Does mower brand matter much if they're all Briggs & Stratton engines?

Currently, there is a cheap red mower with a small Kohler branded engine on it. In my town, both Sears and Tractor Supply have them with identical decks, but with different decals on them, and noticeable different prices. In the old days, at least the paint color would have been different, but not n...
by heyyou
Sun Jul 16, 2017 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for dirt cheap commissions on DFA funds
Replies: 3
Views: 449

Re: Looking for dirt cheap commissions on DFA funds

Consider aggregating your periodic savings until your purchase amounts are large enough that the $20 trading costs are negligible. You could store your frequent payroll deductions at some other fund company who has less factor exposure, then buy your DFA shares annually or semi-annually, also after ...
by heyyou
Fri Jul 14, 2017 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Fees, back-end loads, sales charges.....
Replies: 13
Views: 708

Re: Fees, back-end loads, sales charges.....

Get ready for the $75 account closing fee for each account at some advisors, not Fidelity brokerage.
by heyyou
Thu Jul 13, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: New Commodities ETFs
Replies: 35
Views: 1775

Re: New Commodities ETFs

Larry Swedroe stopped recommending commodities some time ago. Since the 2008-2009 financial crisis, commodities have not done well, much of this due to the cheaper energy prices. When an asset class has been down for almost 10 years is that not the best time to move into an asset class IF you are l...
by heyyou
Wed Jul 12, 2017 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: New Commodities ETFs
Replies: 35
Views: 1775

Re: New Commodities ETFs

note the date. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=128797&newpost=1893183 Commodities Funds: A Decade of Disaster Postby Bill Bernstein » Sat Dec 21, 2013 1:33 pm We now have a 10-year trailing return for the flagship commodities futures fund, PCRIX: 3.26%--just barely north of inf...
by heyyou
Wed Jul 12, 2017 12:32 pm
Forum: Personal Consumer Issues
Topic: [Sam's Club, Costco, BJ's, and other wholesaler clubs]
Replies: 274
Views: 14596

Re: Costco vs. other wholesale clubs

Went to Costco for tires on Monday. They didn't have the ones on sale, so I paid for sale tires and returned on Tuesday to get them. Thank you to those who posted about how to get in to have them rotated. I wish that I had gone to Discount Tire with the Costco sale prices.
by heyyou
Tue Jul 11, 2017 7:44 pm
Forum: Investing - Theory, News & General
Topic: Why Simple beats complex
Replies: 71
Views: 7036

Re: Why Simple beats complex

Is Trev H's four fund UB&H portfolio complex? It is slice and dice. It does have double the funds of a total domestic and total foreign two fund portfolio. I wonder about the number of stocks owned in each of those portfolios. What if you owned all of those same stocks in eight funds, is that consid...
by heyyou
Sun Jul 09, 2017 1:36 am
Forum: Investing - Theory, News & General
Topic: Recent absence of advantage for the "classic factors strategy"
Replies: 17
Views: 1439

Re: Recent absence of advantage for the "classic factors strategy"

The glass half full perception is, being pleased that the differences are not greater. The tilters have lost but only by a nose, so their dollar amount of loss is minor. Paraphrased from Mark Twain, perhaps the death of tilting has been an exaggeration. The randomness on the Callan Periodic Table sh...
by heyyou
Thu Jul 06, 2017 12:55 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value v. Growth Investor Characteristics
Replies: 25
Views: 1895

Re: Larry Swedroe: Value v. Growth Investor Characteristics

Been there too. by Top99% » Wed Jul 05, 2017 9:15 pm After living through the "trees really will grow to the sun this time" tech bubble I am definitely a value oriented investor now. Intuitively value invest just makes sense to me and I find the data very convincing. Another datum is McClung ran all...