Search found 1958 matches

by sschullo
Fri Jul 22, 2016 9:20 pm
Forum: Investing - Theory, News & General
Topic: Are you feeling uncomfortable? [with your investments]
Replies: 35
Views: 3206

Re: Are you feeling uncomfortable? [with your investments]

I am comfortable since I have a fully diversified portfolio with a stock bond split 30/70 which is appropriate for my age at 69. But it sounds like you might need to look at your risk exposure. Feelings are a clue something might need to be adjusted. Perhaps, you don't fully understand your plan and...
by sschullo
Tue Jul 19, 2016 9:08 pm
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 116
Views: 7252

Re: What kind of car do Bogleheads like to drive?

2011 Nissan Leaf 100% electric for around town.
2014 Tesla Model S for the open road.

I never bought a new car in my life. Only until I retired and had the money did I buy two new cars with my late spouse. These cars may be the last cars I own, since I have a habit of owning cars for 10-15 years.
by sschullo
Sun Jul 17, 2016 9:40 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday, Mel! Boglehead #2.
Replies: 41
Views: 2830

Re: Happy Birthday, Mel! Boglehead #2.

Happy birthday Mel. You're the greatest! Steve Thanks, Steve. Keep up the good fight. How's the book doing? Sorry Mel, I did not notice your question till now. In 3.5 years, I have given away over 11,000 paperbacks and iBooks, and sold about 700 through Amazon. As you probably know that most books ...
by sschullo
Mon Jul 11, 2016 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have any retiree healthcare benefit from your employer?
Replies: 76
Views: 3658

Re: Do you have any retiree healthcare benefit from your employer?

I am very fortunate. Not only do I have medical benefits from my employer (retired k-12 public teacher), but I am a serviced-connected disabled Vietnam veteran and have the VA system as well.
by sschullo
Sun Jul 10, 2016 3:13 pm
Forum: Investing - Theory, News & General
Topic: Why do we assume that a well diversified portfolio will inevitably increase over the long term?
Replies: 52
Views: 3902

Re: Why do we assume that a well diversified portfolio will inevitably increase over the long term?

Why do we assume that a well diversified portfolio will inevitably increase over the long term? Honestly, and taking your question at face value, I think it's just too gloomy a proposition for people to consider a well-diversified portfolio may not increase over the long term. Nothing complicated a...
by sschullo
Sun Jul 10, 2016 9:01 am
Forum: Investing - Theory, News & General
Topic: Why do we assume that a well diversified portfolio will inevitably increase over the long term?
Replies: 52
Views: 3902

Re: Why do we assume that a well diversified portfolio will inevitably increase over the long term?

Why do we assume that a well diversified portfolio will inevitably increase over the long term? Honestly, and taking your question at face value, I think it's just too gloomy a proposition for people to consider a well-diversified portfolio may not increase over the long term. Nothing complicated a...
by sschullo
Sat Jul 09, 2016 8:12 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1004
Views: 155072

Re: What are you up YTD? [Year To Date]

When you guys report here how much you're 'up,' you are reporting based on the XIRR formula, correct? I use the old fashion method, what I learned in middle school about compound interest, only this time it is simple interest. Using M* portfolio, I keep records. I know what my portfolio was worth o...
by sschullo
Fri Jul 08, 2016 5:38 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1004
Views: 155072

Re: What are you up YTD? [Year To Date]

When you guys report here how much you're 'up,' you are reporting based on the XIRR formula, correct? I use the old fashion method, what I learned in middle school about compound interest, only this time it is simple interest. Using M* portfolio, I keep records. I know what my portfolio was worth o...
by sschullo
Thu Jul 07, 2016 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Hourly Financial Planner - Seattle area
Replies: 3
Views: 383

Re: Hourly Financial Planner - Seattle area

I had six friends go to a fee only financial adviser, either Garrett or NAPFA.com. 4 liked them and 2 walked away because one said that the .80% and the hourly fee was too high and he did not trust him and the other said no. This adviser recommended that he sell his gold holdings to diversify his po...
by sschullo
Thu Jul 07, 2016 8:48 am
Forum: Investing - Help with Personal Investments
Topic: International Bond Fund: yes or no
Replies: 33
Views: 1897

Re: International Bond Fund: yes or no

I held VG's International bond fund for 3-4 years now, ...YTD return: 6.67% The YTD return is great but that means the interest rate has dropped for new purchases. IMHO the horse has left the barn. Yeah, if you are looking for short term gains for this year. I don't think about performance. I think...
by sschullo
Wed Jul 06, 2016 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: International Bond Fund: yes or no
Replies: 33
Views: 1897

Re: International Bond Fund: yes or no

I held VG's International bond fund for 3-4 years now, am content with not only its place in my portfolio to reduce risk, but with its own performance as well. I had not anticipated a 6-8% return in a bond fund! But I'll take it. ER is a "whopping".14%. YTD return: 6.67% 2015: 1.06% 2014: ...
by sschullo
Wed Jul 06, 2016 12:17 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday, Mel! Boglehead #2.
Replies: 41
Views: 2830

Re: Happy Birthday, Mel! Boglehead #2.

Happy birthday Mel. You're the greatest!
Steve
by sschullo
Fri Jul 01, 2016 10:15 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1004
Views: 155072

Re: What are you up YTD? [Year To Date]

4.7%. From Jan-April, 37/63 stock bond split. May-June now have a 30/70 split. Half of my portfolio is in VG TBM. All of my holdings went up, even the Internationals! Name Ticker Return Vanguard Wellesley® Income Admiral™ VWIAX 7.65 Vanguard Total Intl Bd Idx Admiral™ VTABX 5.91 Vanguard Total Bond ...
by sschullo
Fri Jul 01, 2016 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 214
Views: 20463

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

I graduated college at 30. Neither I nor my spouse had any retirement savings, and would not start until our late 30s. Furthermore, neither one of us knew anything about the investment process and would not learn the Boglehead way for another 25 years, in my 50s. Back 35 years ago, the investment wo...
by sschullo
Thu Jun 30, 2016 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Recommend an Independent Financial Advisor, please? [fee-only]
Replies: 24
Views: 1861

Re: Recommend an Independent Financial Advisor, please? [fee-only]

Almost every Vanguard client has access to a FA. For the first time I used him to help me rebalance my portfolio last April. Hiring an outside fee only FA is fine, but they can be expensive. Call your Vanguard Flagship Representative first and ask him or her for a referral.
by sschullo
Tue Jun 28, 2016 3:01 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Traditional Pasta?
Replies: 52
Views: 3009

Re: Alternatives to Traditional Pasta?

LibertyLover wrote:
dependapotamus wrote:Spaghetti squash is gluten free and can be tasty.


Spaghetti Squash will probably be tastier then any other alternative pasta or spiralized veggie.


Need a tasty home made tomato sauce to liven up spaghetti squash.
by sschullo
Sun Jun 26, 2016 11:24 am
Forum: Investing - Theory, News & General
Topic: Jason Zweig: The More It Hurts, the More You Make
Replies: 35
Views: 6156

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

I would think most Bogleheads intimately know that uncertainty and surprises are the essence of investing, which can be successfully managed with a good plan. I know because it was the Bogleheads who taught me years ago.
by sschullo
Sun Jun 26, 2016 11:19 am
Forum: Investing - Theory, News & General
Topic: What did you learn from the post-Brexit bloodbath?
Replies: 145
Views: 11424

Re: What did you learn from the post-Brexit bloodbath?

I did not learn much, except my portfolio behaved as expected. I have a plan that will address almost all of the upside and downside, no matter what the cause. The only certainty is that there will be uncertainty and plenty of noise to go along.
by sschullo
Sun Jun 26, 2016 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Savings - is it more complicated?
Replies: 8
Views: 732

Re: Retirement Savings - is it more complicated?

Nope. $1.2 million is an excellent goal if you are retiring in the near future and if you have full SS benefits with no debts, and finally, if you continue to live frugally in retirement. For young people who will be retiring in 20-40+ years, $1.2 may not be enough.
by sschullo
Sat Jun 25, 2016 8:03 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1004
Views: 155072

Re: What are you up YTD? [Year To Date]

30% equities/70% bonds went down .003% yesterday.

YTD portfolio is up about 3.5%.
by sschullo
Sun Jun 05, 2016 8:38 pm
Forum: Investing - Theory, News & General
Topic: Biggest investing myths
Replies: 39
Views: 3152

Re: Biggest investing myths

Jags4186 wrote:Successful investing means beating the market.

"Average returns" are bad.


"boring" also elicits negative responses.
by sschullo
Sun Jun 05, 2016 8:12 pm
Forum: Investing - Theory, News & General
Topic: What are the biggest criticisms about the Boglehead way?
Replies: 243
Views: 21149

Re: What are the biggest criticisms about the Boglehead way?

There are plenty of cogent criticisms to be made. I'll name a a few. 1. It's boring. From an investment perspective, a "boring" philosophy means it's hard for people to stay the course. In the intelligent investor even Benjamin Graham acknowledged this, and said, if you MUST actively mana...
by sschullo
Sun Jun 05, 2016 3:36 pm
Forum: Investing - Theory, News & General
Topic: What are the biggest criticisms about the Boglehead way?
Replies: 243
Views: 21149

Re: What are the biggest criticisms about the Boglehead way?

I work in the industry. The most frequent criticism of indexing I hear is "Indexing guarantees you'll get average returns. Why be average when you don't have to be?" A fallacy wrapped in a lie. I get that too. I respond, and "what the heck is the matter with getting 7-9% return? Noth...
by sschullo
Sun Jun 05, 2016 10:05 am
Forum: Investing - Theory, News & General
Topic: What are the biggest criticisms about the Boglehead way?
Replies: 243
Views: 21149

Re: What are the biggest criticisms about the Boglehead way?

I agree with sschullo about "braggin' rights." When the inevitable discussion about investments starts, I mention that I use index funds and get the deer in the headlight look. The group then splits up and I am left standing alone drinking my coffee...... :wink: Attend a AAII meeting. Its...
by sschullo
Sun Jun 05, 2016 9:44 am
Forum: Investing - Theory, News & General
Topic: What are the biggest criticisms about the Boglehead way?
Replies: 243
Views: 21149

Re: What are the biggest criticisms about the Boglehead way?

My primary criticism (tongue in cheek) of the Boglehead way is that I cannot brag at parties about my such and such stock, or sector fund which has gone through the roof. Not to mention, I don't get any fancy dinners from Vanguard while they are giving sales pitches :? :wink: Actually I did! It was...
by sschullo
Sun Jun 05, 2016 9:28 am
Forum: Investing - Theory, News & General
Topic: What are the biggest criticisms about the Boglehead way?
Replies: 243
Views: 21149

Re: What are the biggest criticisms about the Boglehead way?

Bogleheads: Let's not forget. This is the Boglehead Way: 1 Develop a workable plan 2 Invest early and often 3 Never bear too much or too little risk 4 Diversify 5 Never try to time the market 6 Use index funds when possible 7 Keep costs low 8 Minimize taxes 9 Invest with simplicity 10 Stay the cour...
by sschullo
Sat Jun 04, 2016 2:45 pm
Forum: Personal Consumer Issues
Topic: How To Write A Book Proposal
Replies: 16
Views: 1226

Re: How To Write A Book Proposal

Hi, I hope you find what you are looking for. You got great advice from a lot of smart people here from previous questions you asked. Get some mentors, work hard, get an education, know yourself, even if you think you have no talent for a specific task, do it anyway IF its your passion/love and nev...
by sschullo
Sat Jun 04, 2016 11:21 am
Forum: Personal Consumer Issues
Topic: How To Write A Book Proposal
Replies: 16
Views: 1226

Re: How To Write A Book Proposal

Hi, I hope you find what you are looking for. You got great advice from a lot of smart people here from previous questions you asked. Get some mentors, work hard, get an education, know yourself, even if you think you have no talent for a specific task, do it anyway IF its your passion/love and neve...
by sschullo
Fri Jun 03, 2016 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2843

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

Boglephreak, In your original post you asked about how to research 403bs and CalSTRS. You have received excellent replies on what the major issues are with many 403bs, but you haven't yet received what I believe to be the best source of information about CalSTRS. While many posters have mentioned C...
by sschullo
Fri Jun 03, 2016 6:55 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2843

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

Correct me if I am wrong, but isnt a guaranteed 3% in today's environment a decent return? One and two year CDs are about 1.3-1.5%; 5 year CDs are about 2.3. I'd love to hear what Steve says, but yes and that is exactly why Mom went 50:50. Having said that, the 3.5 is the "hook" to get yo...
by sschullo
Thu Jun 02, 2016 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2843

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

Correct me if I am wrong, but isnt a guaranteed 3% in today's environment a decent return? One and two year CDs are about 1.3-1.5%; 5 year CDs are about 2.3. I'd love to hear what Steve says, but yes and that is exactly why Mom went 50:50. Having said that, the 3.5 is the "hook" to get yo...
by sschullo
Thu Jun 02, 2016 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2843

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

Thanks for all of the information! I am still trying to get copies of the annuity contracts, but I dont think my advice will change much. This is the advice I am planning on providing to my mother: For the CalSTRS Defined Benefit Supplemental Funds, we are going to try to reverse her election (i.e....
by sschullo
Thu Jun 02, 2016 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help wiht 403B investing
Replies: 15
Views: 663

Re: Help wiht 403B investing

I IMHO the usual offerings for teacher's 403b plans is criminal Amen! If you have a story, or know somebody that has a story, PM me. A NY Times reporter is looking into the annuity practices of public school 403b annuities. Yes, IMO, it is criminal, but all perfectly legal. Hey Steve, Correct me if...
by sschullo
Thu Jun 02, 2016 2:00 pm
Forum: Personal Consumer Issues
Topic: Self Driving Cars
Replies: 51
Views: 2160

Re: Self Driving Cars

To all those saying that it will take many decades for self-driving cars to become prevalent: The first iPhone/smartphone was released in June 2007 (less than a decade ago). How many people in the world have smartphones today? If there's a demand for the technology, it will spread like wildfire. Th...
by sschullo
Thu Jun 02, 2016 10:12 am
Forum: Personal Consumer Issues
Topic: Self Driving Cars
Replies: 51
Views: 2160

Re: Self Driving Cars

Elon Musk said " human-driven cars could become illegal." http://www.huffingtonpost.com/2015/03/18/elon-musk-self-driving-cars_n_6891368.html I love this man's thinking. We have no idea what the future will unfold, just as our great great grant parents had no idea that the horseless carria...
by sschullo
Wed Jun 01, 2016 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2843

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

krow, i am reading those articles now as well as trying to find information on the specific annuities online (proving difficult). i asked the agent for the prospectus on each annuity. does anyone know what this means: There are no prospectuses for these accounts because they two of them are Indexed...
by sschullo
Wed Jun 01, 2016 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2843

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

Annuities never lose money when the stock market goes down, that's all people hear. He sent this to my mother to send to me: "The most important thing for him to know on these is that they are indexed and cannot lose any value due to downturns in the market and they can provide a guaranteed li...
by sschullo
Wed Jun 01, 2016 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2843

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

Bottom line: 1. Do not try to figure out all of the details of your mom's annuity. They are extremely complex products. 2. Have her stop contributing NOW! She doesn't need another frozen pension plan, she already has a good one in CalSTRS. 3. I strongly encourage you to go with her to meet with the...
by sschullo
Wed Jun 01, 2016 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2843

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

I'm concerned by the details you provide - in part for the same reasons others have mentioned (have you actually spoken with CalSTRS rather than a 403b salesperson, etc.). I'm also concerned because retirement has a sequence that must be followed to assure continuity of health benefits and smooth t...
by sschullo
Wed Jun 01, 2016 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2843

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

anonenigma wrote:
My final concern is you say she has a 457b through an insurance company, which should not be possible in her district. Could you please double check this and post the result?


Good point.
by sschullo
Wed Jun 01, 2016 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2843

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

Here’s some definitions of National Life’s annuity products: https://www.nationallife.com/Public/lsw/products/lsw_publicproducts.asp I’m not knowledgeable about annuities so I won’t comment on their characteristics. However I think Steve is giving you good advice. She should stop contributing and m...
by sschullo
Tue May 31, 2016 7:26 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1702
Views: 397593

Re: What Book Are You Currently Reading? Part VI

" GRIT The power of Passion and perseverance " by Angela Duckworth. Great non fiction. Highly recommended: Five stars. Page turner, chuckful of great vignets/ studies with scientific underpinnings as to what leads to excellence. ( spoiler alert: IQ, talent, good looks are overrated compar...
by sschullo
Tue May 31, 2016 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: What order to invest?- 401k, 403b, 457, Roth IRA
Replies: 12
Views: 874

Re: What order to invest?- 401k, 403b, 457, Roth IRA

Hi Cheeshead, You have one of the best 403b and 457b plans for public school educators in the country! Your union did it right! If I were you I would start with any of the them, but make sure you always save to the Roth. Here is the website to begin your plan: https://www.weabenefits.com/retirement_...
by sschullo
Tue May 31, 2016 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Help wiht 403B investing
Replies: 15
Views: 663

Re: Help wiht 403B investing

novicemoney wrote:I
IMHO the usual offerings for teacher's 403b plans is criminal


Amen!
If you have a story, or know somebody that has a story, PM me. A NY Times reporter is looking into the annuity practices of public school 403b annuities. Yes, IMO, it is criminal, but all perfectly legal.
by sschullo
Tue May 31, 2016 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Help wiht 403B investing
Replies: 15
Views: 663

Re: Help wiht 403B investing

Hi JL, Here is LAUSD's Award Winning 457b plan that is available to you: https://www.bogleheads.org/forum/viewtopic.php?t=143120 . Those fees are the total fees that you will be paying. Since the link is two years old, the TPA is TIAA and the brokerage account is Pershing. Those fees are so much low...
by sschullo
Tue May 31, 2016 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)
Replies: 42
Views: 2843

Re: Help me help my retiring mother (public school teacher w/ CalSTRS/403b annuity)

Hi boglephreak, Just to add on to what krow36 said. Be absolutely sure she is meeting with a genuine CalSTRS counselor . By what you wrote so far, it looks like she has been talking with her 403b annuity agent. If she has an annuity, leave it alone. She doesn't have to start taking payments. That is...
by sschullo
Fri May 27, 2016 6:57 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1702
Views: 397593

Re: What Book Are You Currently Reading? Part VI

" GRIT The power of Passion and perseverance " by Angela Duckworth. Great non fiction. Highly recommended: Five stars. Page turner, chuckful of great vignets/ studies with scientific underpinnings as to what leads to excellence. ( spoiler alert: IQ, talent, good looks are overrated compar...
by sschullo
Fri May 27, 2016 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: If TSM and SP500 are so alike, why even do TSM?
Replies: 49
Views: 4989

Re: If TSM and SP500 are so alike, why even do TSM?

KlangFool wrote:OP,

They are similar but not identical. So, it is up to you. In my case, I prefer TSM since it is more diversified.

KlangFool


It is also simple, by having three major asset classes in one fund.
by sschullo
Thu May 26, 2016 9:44 pm
Forum: Investing - Theory, News & General
Topic: What was your first investment?
Replies: 117
Views: 4773

Re: What was your first investment?

Back in the 60s during the 'Nam War, I bought bonds when I was in the military.
I had to sell them five years later to overall the engine in my beat up VW. The bank would not use the bonds as collateral for a loan.
by sschullo
Thu May 26, 2016 9:34 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1702
Views: 397593

Re: What Book Are You Currently Reading? Part VI

" GRIT The power of Passion and perseverance " by Angela Duckworth. Great non fiction. Highly recommended: Five stars. Page turner, chuckful of great vignets/ studies with scientific underpinnings as to what leads to excellence. ( spoiler alert: IQ, talent, good looks are overrated compar...

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