Search found 1653 matches

by mlebuf
Tue Jul 26, 2016 3:39 am
Forum: Investing - Help with Personal Investments
Topic: Planning for the "new normal": how?
Replies: 31
Views: 1937

Re: Planning for the "new normal": how?

One thing that I struggle with when figuring out how much I'll need for retirement is the uncertainty about what the circumstances will be like when I retire. A rule like "25x annual expenses" is unlikely to cut it when I can't even know what those expenses will be, because I don't know w...
by mlebuf
Fri Jul 22, 2016 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 171
Views: 10556

Re: Early retirees, how much did you leave on the table?

Here's a question for those who did not retire early: How many years of freedom did you leave on table? That number is easily determined.
by mlebuf
Wed Jul 20, 2016 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, at what age did you "retire"? Is it working out?
Replies: 57
Views: 7794

Re: Early retirees, at what age did you "retire"? Is it working out?

I retired from my job as university professor at age 47. Such an early retirement was made possible by long-term planning, moonlighting and some good luck. At age 35, I saw my salary being eroded by the stagflation of the '70's. I decided to try my hand at writing a trade book on time management to ...
by mlebuf
Sun Jul 17, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Traits of Happiest Retirees
Replies: 82
Views: 11660

Re: Traits of Happiest Retirees

Many years ago there was a song whose lyrics concluded that happiness is different things to different people. https://www.youtube.com/watch?v=yeHXahnBAqY No question about that. My take is that for people living in affluent nations, happiness is built on a foundation of 4 pillars regardless of whet...
by mlebuf
Thu Jul 07, 2016 1:29 am
Forum: Investing - Theory, News & General
Topic: Presidential Election Cycle Theory
Replies: 13
Views: 1977

Re: Presidential Election Cycle Theory

Following the 2012 presidential election, a friend called to tell me he was taking all of his money out of the stock market. I begged and pleaded with him not to do that. I told him that political opinions tend to be highly emotional and emotions and investing don't mix. If he did what he said he wa...
by mlebuf
Thu Jul 07, 2016 1:08 am
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 10583

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

The dilemma of leaving too much money on the table when we die is a problem that most Americans would love to have. According to the 2010 Census, the median net worth of retirees, including home equity was under $200,000. http://www.fool.com/investing/general/2015/05/17/americans-average-net-worth-b...
by mlebuf
Mon Jul 04, 2016 6:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: The Declaration of Independence
Replies: 44
Views: 3304

Re: The Declaration of Independence

My best friend of almost 60 years just forwarded me this very special video about the history of The Star Spangled Banner. Learn and enjoy.
https://www.youtube.com/embed/YaxGNQE5ZLA
by mlebuf
Mon Jul 04, 2016 2:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: The Declaration of Independence
Replies: 44
Views: 3304

Re: The Declaration of Independence

Hi Taylor,

Happy Fourth of July to you and all Bogleheads. Here's another video worth watching. Enjoy.

https://www.youtube.com/embed/B2AEkfjc6 ... detailpage
by mlebuf
Thu Jun 30, 2016 1:49 am
Forum: Personal Consumer Issues
Topic: Not legal advice [Seeking advice about HOA ban on swimming pool use]
Replies: 62
Views: 5593

Re: Not legal advice [Seeking advice about HOA ban on swimming pool use]

My HOA experience is that they often act like schoolyard bullies with their attorney playing the role of the head bully. Some try to intimidate homeowners into doing whatever they dictate and believing the HOA can do whatever they want. The best antidote for that garbage is to hire an attorney who s...
by mlebuf
Wed Jun 29, 2016 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 218
Views: 21372

Re: Where were you financially when you were at 30?

At thirty, most of us are just hitting our stride in our careers. It's the decisions you make before 30 that really propel your wealth after 30. +1 Excellent observation. I tell young people that the choices they make between ages 15 and 25 will have an enormous impact in determining who they becom...
by mlebuf
Wed Jun 29, 2016 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 218
Views: 21372

Re: Where were you financially when you were at 30?

I was 30 years of age in 1972, single, living in an apartment and owned no real estate. All numbers to follow are in 2016 dollars. My 12-month university teaching salary was about $105,000. I had about $15K in savings/investment but owed about $7500 in student loans. I was making car payments on a 1...
by mlebuf
Mon Jun 27, 2016 3:29 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig: The More It Hurts, the More You Make
Replies: 35
Views: 6160

Re: Jason Zweig: The More It Hurts, the More You Make

Someone much wiser than I said, "Wall Street is the only place on earth where people run away from a sale." Young investors should be praying for a bear market so they can get more shares for their money. Just the opposite for retirees.
by mlebuf
Sun Jun 26, 2016 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Dogs scratched my car on country road
Replies: 27
Views: 2797

Re: Dogs scratched my car on country road

I have no ideas on how to repair your scratches. However, "Dogs Scratched My Car on a Country Road" is a great title for a country and western song. Good luck.
by mlebuf
Sun Jun 26, 2016 7:40 pm
Forum: Investing - Theory, News & General
Topic: Plunge and Panic-Do You Get It Now?
Replies: 108
Views: 12233

Re: Plunge and Panic-Do You Get It Now?

Great original post, Paul. Like most Bogleheads, no changed planned here. "This ain't my first rodeo."
by mlebuf
Thu Jun 23, 2016 1:14 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Coaches?
Replies: 52
Views: 3808

Re: Retirement Coaches?

Retirement coaching in Three Easy Steps: 1. Do you have enough money and adequate health care coverage? If the answer is yes, proceed to Step 2. 2. Would you like to stop working? If the answer is yes, proceed to Step 3. 3. Write a letter resignation, if applicable and retire. Trust me, you'll be fi...
by mlebuf
Thu Jun 16, 2016 6:29 pm
Forum: Investing - Theory, News & General
Topic: Psychotherapy Techniques for Maintaining your AA
Replies: 9
Views: 608

Re: Psychotherapy Techniques for Maintaining your AA

On any given day, some people believe that the market is about to crash, while other's believe a boom is just around the corner. The wise person knows what he doesn't know and pays no attention to either hunch. The market will do what the market will do and not what we expect. If the possibility of ...
by mlebuf
Tue Jun 14, 2016 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Live the Good Life Today vs Save For a Better Life Tomorrow
Replies: 84
Views: 7488

Re: Live the Good Life Today vs Save For a Better Life Tomorrow

The best line I heard about consumption vs. saving was in a documentary about how many professional athletes make millions and squander their fortunes. One savvy player being interviewed told the following story: Coming out of college he was a high draft choice and got an enormous signing bonus. As ...
by mlebuf
Sun Jun 12, 2016 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Did you retire before normal retirement age?
Replies: 93
Views: 12301

Re: Did you retire before normal retirement age?

I retired from academe at 55 with a state pension and enough in savings to see me through to the end of my days. I’ve never regretted retiring that early. +1 I retired from academe with a pension, cheap healthcare and savings at 47. More free time enabled me to focus on a writing/speaking/consultin...
by mlebuf
Sun Jun 12, 2016 6:24 pm
Forum: Personal Consumer Issues
Topic: Cats in yard, what to do?
Replies: 38
Views: 2962

Re: Cats in yard, what to do?

This is good news. Cats make wonderful pets, but they do not make good feral animals even if neutered. They are not a native species and do a lot of harm to native songbird populations. It will be difficult to deal with those kittens as pets if someone does not begin the task of socializing them. F...
by mlebuf
Sun Jun 12, 2016 6:21 pm
Forum: Personal Consumer Issues
Topic: Cats in yard, what to do?
Replies: 38
Views: 2962

Re: Cats in yard, what to do?

This is good news. Cats make wonderful pets, but they do not make good feral animals even if neutered. They are not a native species and do a lot of harm to native songbird populations. It will be difficult to deal with those kittens as pets if someone does not begin the task of socializing them. F...
by mlebuf
Wed Jun 08, 2016 10:51 pm
Forum: Investing - Theory, News & General
Topic: What are your friends saying about you?
Replies: 127
Views: 11118

Re: What are your friends saying about you?

I don't know and I don't care. Our friendships aren't based on income/net worth. Most are based on common interests, trust and mutual respect. Some friendships are new while others go back over 60 years. Friends come and go. Enemies accumulate.
by mlebuf
Sun Jun 05, 2016 8:48 pm
Forum: Investing - Theory, News & General
Topic: Biggest investing myths
Replies: 39
Views: 3159

Re: Biggest investing myths

Believing that investing experts exist who can time the market or consistently beat the market if you let them manage your money. Anyone who could do so would be so wealthy that he/she wouldn't have to pedal that myth.
by mlebuf
Tue May 31, 2016 2:53 pm
Forum: Personal Consumer Issues
Topic: Would you pay 6x face value to see Hamilton on Broadway?
Replies: 139
Views: 8446

Re: Would you pay 6x face value to see Hamilton on Broadway?

I would pay many times that to avoid going to NYC.
by mlebuf
Sun May 29, 2016 7:34 pm
Forum: Personal Consumer Issues
Topic: I bought the wrong car - know it after 15 days
Replies: 156
Views: 22629

Re: I bought the wrong car - know it after 15 days

Hi LadyIJ, +1 for renting a car at least a week before buying. If I were the Lexus/Acura dealer I would give you a smoking good deal in the hope of getting repeat and referral business from you. Dissatisfied vocal customers can ruin a business. Speak with the owner of the dealerships who has the clo...
by mlebuf
Wed May 25, 2016 12:26 am
Forum: Investing - Theory, News & General
Topic: irreverent??? [Bogleheads' Guide to Investing]
Replies: 19
Views: 2498

Re: irreverent???

That copy was written by our publisher, and we're fine with it. When the entire blurb is read, most folks (including us) feel that it's really meant as a positive, as others have pointed out. I'm sure many on Wall Street and in the financial advising business would feel that it was terribly irrever...
by mlebuf
Tue May 24, 2016 2:36 am
Forum: Investing - Theory, News & General
Topic: irreverent??? [Bogleheads' Guide to Investing]
Replies: 19
Views: 2498

Re: irreverent???

That copy was written by our publisher, and we're fine with it. When the entire blurb is read, most folks (including us) feel that it's really meant as a positive, as others have pointed out. I'm sure many on Wall Street and in the financial advising business would feel that it was terribly irrever...
by mlebuf
Tue May 24, 2016 2:21 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house?
Replies: 43
Views: 2399

Re: Should I buy a house?

So, yes. I'm ready to live in a home, though I recognize I certainly don't need to at this point in my life. I appreciate you thinking outside the box on this, but I'm just trying to get reassurance - or constructive criticism - about my financial outlook on this decision. Hi Zeralonde, Buying a fi...
by mlebuf
Fri May 13, 2016 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: What was your hardest retirement transition?
Replies: 61
Views: 9287

Re: What was your hardest retirement transition?

Deciding where to go to lunch on any given day. So many good restaurants, so little time. :sharebeer
by mlebuf
Sun May 08, 2016 9:54 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY BIRTHDAY, MR. BOGLE! May 8, 2016
Replies: 52
Views: 3560

Re: Thank you, Jack!

Taylor Larimore wrote:Bogleheads:

God gave Mr. Bogle a successful heart transplant so that he could continue to make the world a better place for all of us.

Thank you, Jack!

Taylor


I could not have written anything more fitting. Hope you had a great birthday, Jack and many more. We need you.
by mlebuf
Sun May 08, 2016 4:51 am
Forum: Investing - Theory, News & General
Topic: End of Golden Era for Investors...?
Replies: 58
Views: 8789

Re: End of Golden Era for Investors...?

My advice to any young person seeking financial independence and a good life is to pay absolutely no attention to economic forecasters for one simple and obvious reason: Nobody knows the future. Instead of paying attention what other people say about the future, focus on what you can control. You ca...
by mlebuf
Fri Apr 29, 2016 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Degree, College and Career
Replies: 20
Views: 1937

Re: Degree, College and Career

Great suggestions by all here. I would just like to add a story about someone I met many years ago. Around 1970 I was a young university professor teaching Management and lived in an apartment. One day the air conditioning went out and the apartment manager called a repairman to check out the AC. He...
by mlebuf
Sat Apr 23, 2016 2:37 am
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 163
Views: 41928

Re: Tell Me I'm Stupid To Consider Quitting My Job and Moving

Hi Random Poster, If you can't figure out where you want to settle and put down roots, why not go spend a few weeks/months living in places that interest you? You certainly can afford it and have plenty of time try different places. I have retired friend who is almost 30 years older than you. He and...
by mlebuf
Fri Apr 22, 2016 2:24 pm
Forum: Investing - Theory, News & General
Topic: James Dale Davidson's prediction of 2016 collapse
Replies: 42
Views: 5020

Re: James Dale Davidson's prediction of 2016 collapse

ATTENTION PLEASE: PAY NO ATTENTION TO ALL ECONOMIC FORECASTS. Economic forecasters don't know any more about the future than anyone else. If they did, they would have become rich long ago and wouldn't have to put out that drivel to make a buck. "Forecasting is very difficult, especially when it...
by mlebuf
Wed Apr 20, 2016 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: What do you wish you had known in your early 20's?
Replies: 46
Views: 4944

Re: What do you wish you had known in your early 20's?

I addressed this very topic when I spoke to several hundred students at Arizona State University in 2014. I posted the outline of my remarks and heres the link: viewtopic.php?t=161092
by mlebuf
Wed Apr 20, 2016 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 61
Views: 8024

Re: Why am I still scared ? Is it actually normal ?

Hi Joyanni,

Go to this site, type in your net worth and see how it compares with others:
http://www.stackmeup.com/net-worth/aver ... -worth.php
You could have worse problems at 46. Count your blessings.
by mlebuf
Mon Apr 18, 2016 6:51 pm
Forum: Personal Consumer Issues
Topic: How To Stay Motivated in Employment When You Might Have Enough?
Replies: 71
Views: 9062

Re: How To Stay Motivated in Employment When You Might Have Enough?

Work is something that is so awful that you literally can't get anybody to do it unless you pay them money. If you have enough money so you don't need to keep working, quit and spend your time doing what you enjoy! Since when? Lots of people enjoy going to work. A lot of people don't. And for some ...
by mlebuf
Mon Apr 18, 2016 4:44 am
Forum: Personal Finance (Not Investing)
Topic: When was the most stressful financial time in your life?
Replies: 94
Views: 11435

Re: When was the most stressful financial time in your life?

What was the most stressful time in your life financially and what did you learn from it? What if anything did you change after that time in how you handled your finances? College. I don't want to ever be poor again. Make more money. Ditto. After getting out of grad school the rest was relatively e...
by mlebuf
Sun Apr 17, 2016 8:33 pm
Forum: Investing - Theory, News & General
Topic: What are Pros and Cons to the "Four Hour Workweek?"
Replies: 99
Views: 11853

Re: What are Pros and Cons to the "Four Hour Workweek?"

Here's a formula for the Zero Hour Work Week: 1. Get a good education in a marketable skill. 2. Go to work and make money. 3. Save and invest a healthy part of your paycheck, the more the better. You can invest in mutual funds, stocks, bonds, rental real estate or something that you have some knowle...
by mlebuf
Sun Apr 17, 2016 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10807

Re: University of Virginia vs University of Miami

If your son is bright enough to be accepted to UVA he will do well at either school and after he graduates. Have him spend a few days visiting both schools and pick the one where he feels most comfortable.
by mlebuf
Sun Apr 17, 2016 4:06 pm
Forum: Investing - Theory, News & General
Topic: "Bogle's Folly"
Replies: 28
Views: 4948

Re: "Bogle's Folly"

Hi Taylor,

Great article. Some folly. Better to enjoy the last smile than the first laugh.
by mlebuf
Sat Apr 16, 2016 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Magic Number? How much to save for retirement
Replies: 45
Views: 7034

Re: Magic Number? How much to save for retirement

Everybody wants to know how much is enough. A more important question is, "How much will you spend?" Neither question can be answered with precision because nobody knows the future. When someone asked John D. Rockefeller, "How much is enough?" he replied, "Just a little bit ...
by mlebuf
Fri Apr 15, 2016 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Now i get it - mortgage payoff
Replies: 35
Views: 5565

Re: Now i get it - mortgage payoff

A very good case can be made for paying off a mortgage when interest rates are high or when one is approaching or in retirement. However, with interest rates now being near historic lows, a good case can be made for getting/keeping a fixed-rate mortgage. Rates are under 4 percent. Inflation will lik...
by mlebuf
Fri Apr 15, 2016 1:13 am
Forum: Personal Consumer Issues
Topic: My neighborhood is too quiet (and no kids)
Replies: 44
Views: 5023

Re: My neighborhood is too quiet (and no kids)

Too quiet? Our neighborhood is very quiet. I don't know why. We have families of all ages but it's still quiet and that's one thing I love about it. Be careful what you wish for.
by mlebuf
Wed Apr 13, 2016 1:33 am
Forum: Personal Finance (Not Investing)
Topic: How do you find more satisfaction while living below your means?
Replies: 52
Views: 4840

Re: How do you find more satisfaction while living below your means?

When I was 35 someone told me that it takes 15 years to become an overnight success. I was university professor and decided to supplement my income by writing books, speaking and consulting. I lived on my university salary and saved the bulk of my second income. Writing can be a grind so I did rewar...
by mlebuf
Wed Apr 13, 2016 1:03 am
Forum: Local Chapters and Bogleheads Community
Topic: 50,000 Members
Replies: 26
Views: 3361

Re: 50,000 Members

When you stop and think about it, 50,000 members isn't all that surprising, given that Vanguard is now the largest mutual fund company in the world. As more investors learn the benefits of DIY, low cost investing, the ranks of Bogleheads.org members will continue to grow. Special congratulations to ...
by mlebuf
Tue Apr 05, 2016 1:35 am
Forum: Investing - Theory, News & General
Topic: Tony Robbins Joins Advisory Firm
Replies: 27
Views: 3468

Re: Tony Robbins Joins Advisory Firm

Another perspective on Tony Robbins as an investment advisor: https://assetbuilder.com/knowledge-cent ... ment-guru-
by mlebuf
Mon Apr 04, 2016 1:40 am
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 33
Views: 3320

Re: Author Advice - Advantages/Disadvantages of Co-author

UPDATE: Thank you LiveSimple for asking about an update (and Juper Jones). Having been through the process, I can say that Mel Lindauer's advice was truly wise! I just submitted the manuscipt for publication on March the 20th and it is now in the copyediting stage. It was a fun, creative, challengi...
by mlebuf
Sun Apr 03, 2016 8:08 pm
Forum: Investing - Theory, News & General
Topic: Tony Robbins Joins Advisory Firm
Replies: 27
Views: 3468

Re: Tony Robbins Joins Advisory Firm

Like him or not, he's a self-made man.
So was Hitler. Being self-made isn't necessarily a virtue.
by mlebuf
Sun Apr 03, 2016 2:47 pm
Forum: Investing - Theory, News & General
Topic: Tony Robbins Joins Advisory Firm
Replies: 27
Views: 3468

Re: Tony Robbins Joins Advisory Firm

Would YOU take financial advice from Robbins?? I'd sooner walk on hot coals. +1 The Tony is a great salesman. Would risk your money trusting someone who sold fire-walking seminars and is frequently seen on late night infomercials? There is good sound information and information that sounds good. Bo...

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