Search found 2083 matches

by sschullo
Sun Feb 26, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: risk of my Tesla deposit
Replies: 119
Views: 7045

Re: risk of my Tesla deposit

You and most people have no interest in 100% EV. Don't feel alone. You are the 98%. Not sure if you just made up "98%" but that's not too far from actual survey results from December: http://ngtnews.com/survey-lack-of-awareness-high-costs-hamper-ev-adoption The survey had 3% of respondent...
by sschullo
Fri Feb 24, 2017 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Talking with parents' financial advisor
Replies: 52
Views: 4242

Re: Talking with parents' financial advisor

Trading stocks every day. WOW :!: :!: :!: Yes, the impact of that on the OP's parent's taxes is likely staggering. Seriously this guy needs to be ditched. Of all of this discussion on whether to help the OP parents or not, or whether the OP parents really wants help is not as nearly as serious as t...
by sschullo
Fri Feb 24, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Lousy Customer Service
Replies: 36
Views: 2546

Re: Vanguard Lousy Customer Service

sorry you have having problems. There are many threads on this, here is the most recent: https://www.bogleheads.org/forum/viewtopic.php?t=210429
by sschullo
Thu Feb 23, 2017 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Millionaire
Replies: 65
Views: 7518

Re: New Boglehead Millionaire

Congrats! Another million away from the likes of Wall Street, and their brokerage firms, and big banks.
by sschullo
Tue Feb 14, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 82
Views: 9150

Re: Great 403b for teachers?

I started investing with Security Benefits DirectInvest plan a year ago. Other than the actual transfer of funds to them, I have had zero issues so far. The website is great, very user friendly. I cannot see where they are charging me any fees other than the ones clearly explained. If your only opt...
by sschullo
Mon Feb 13, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10389

Re: Who would quit playing if they already won?

Playing the game is similar to getting overconfident and down right greedy. My hubby and I had $1.5 million with a 100% tech sector and individual stock portfolio in March 10, 2000. We didn't have to play the game anymore, we had won a massive victory. From 1995 till 2000, we were in the exact right...
by sschullo
Tue Feb 07, 2017 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 150
Views: 20281

Re: Wow, Vanguard Flagship service is bad. Really bad.

Sorry you are having trouble. Something out of Vanguard's control might be going on as I had a similar experience. Years ago it took a couple of months to get an auto enroll set up for my VA compensation check. Both Vanguard and VA were overhauling their systems. However, today, everything is cool. ...
by sschullo
Tue Feb 07, 2017 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner Here...where to buy?
Replies: 7
Views: 734

Re: Beginner Here...where to buy?

Since I don't trade except to rebalance, I would open an account with Vanguard.
by sschullo
Tue Feb 07, 2017 11:41 pm
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 270
Views: 40771

Re: Any books really change your outlook on life?

Over my 69 years, I read so many books and all or most had a positive impact. Reading, education and traveling make a positive impact.

Box Car Children was amazing when I read it at ten years old. I never imagined that children could live independent of parents!
by sschullo
Tue Feb 07, 2017 8:45 am
Forum: Investing - Theory, News & General
Topic: How the Bogle Model Beats the Yale Model
Replies: 28
Views: 2945

Re: How the Bogle Model Beats the Yale Model

From Carlson's article: This has nothing to do with active vs. passive investing. This is all about simple vs. complex , operationally efficient investment programs vs. operationally inefficient investment programs and high-probability portfolios vs. low-probability portfolios. Investing is hard en...
by sschullo
Mon Feb 06, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: low cost one person DB plan
Replies: 27
Views: 1806

Re: low cost one person DB plan

My assumption was that nobody really takes the annuity when they retire. Instead, they just roll over the lump sum into an IRA. Only 2%, which is really interesting because annuitizing it out with a life time payout is the benefit, but only with a low-cost TIAA or Vanguard annuity. What happens is ...
by sschullo
Mon Feb 06, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: low cost one person DB plan
Replies: 27
Views: 1806

Re: low cost one person DB plan

Here is my 2 cents worth: The primary goal of any DB is some type of guarantee payout of benefits that last for life, and depending on the options chosen, your spouse can be the secondary beneficiary in case you die first. I have always thought that a low-cost annuity from TIAA or Vanguard, for exam...
by sschullo
Mon Feb 06, 2017 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 485
Views: 115061

Re: Share your net worth progression

It's not much different than the one it replaced. You don't need complicated graphics to explain a simple concept. If a 7th grader can understand net worth , that's great. Following the concept is the hard part. +1 Simple concepts are simple, so simple that my grandmother who never spoke English an...
by sschullo
Sun Feb 05, 2017 11:37 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1288
Views: 210931

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

I have become dubious about these self-reports since learning many don't include their cash holdings in return totals. It's like weighing yourself but taking off your feet first. :wink: Some people who say that their investing portfolio is 100% stocks turn out to have an emergency fund with enough ...
by sschullo
Sun Feb 05, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Do you account for likely life expectancy in retirement?
Replies: 63
Views: 4591

Re: Do you account for likely life expectancy in retirement?

My wife and I are DINKS. We have always made it a point to live below our means. In fact, we have pretty much always been able to live on just one of our incomes. While I plan to stop working in the next couple years my DW plans to work a bit longer and her salary would be sufficient to maintain ou...
by sschullo
Mon Jan 30, 2017 12:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 112
Views: 18476

Re: Vanguard's Wellesley Income fund is incredible

dwickenh wrote:
Van wrote:I own only index funds, except for Wellesley. I just can't bring myself to sell it.



+1

Dan


+2 I have my Roth IRA in Wellesley.
by sschullo
Mon Jan 30, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 82
Views: 9150

Re: Great 403b for teachers?

duplication deleted.
by sschullo
Mon Jan 30, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 82
Views: 9150

Re: Great 403b for teachers?

Even our principal was out to protect teachers. She would not allow annuity sales people in the teacher's room to put their brochures in teacher's boxes or meet with them there at lunch. Our union and district had a consensus model for negotiations and with some exceptions, we were able to set comm...
by sschullo
Sun Jan 29, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 82
Views: 9150

Re: Great 403b for teachers?

Over the years, I have seen threads posted on the issue of poor 403b offerings, and it's a shame teachers in other states do not have the benefits made available in our district and state. I was extremely lucky because our union and district office worked together to provided a very comprehensive l...
by sschullo
Sun Jan 29, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 82
Views: 9150

Re: Great 403b for teachers?

If you go to the Security Benefit website and choose “For Individuals”, and the “Mutual Fund Custodial”, you will see NEA DirectInvest. So it is available wherever SB is sold in K-12 schools, as far as I know. There is one exception and that is CA. SB does not list DirectInvest in their offerings i...
by sschullo
Sun Jan 29, 2017 12:27 pm
Forum: Personal Consumer Issues
Topic: Nissan? (Cars.)
Replies: 52
Views: 3317

Re: Nissan? (Cars.)

Bought the Nissan Leaf five years ago. Had one service call that cost $79.00 (brake fluid and cabin filter change, according to manual) and that's it. Have 30,000 miles now. Recall that 100% electric cars have no filthy oil or filter changes, no smog device checkup (California residents), and no gas...
by sschullo
Sat Jan 28, 2017 5:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Reports Lower Expense Ratios For 21 Fund Shares Resulting In $25 Million In Savings For Investors
Replies: 20
Views: 2753

Re: Vanguard Reports Lower Expense Ratios For 21 Fund Shares Resulting In $25 Million In Savings For Investors

with the 3 fund(admiral) is it too much to expect a reduction in the expense ration for these funds? 1210 Yeah! I agree. It's almost insane. Here is a table of costs for my portfolio: https://s19.postimg.org/aji6gh1b7/2016_Vanguard_COSTS.png I currently pay $1146.35 per year, a minuscule 7.35 basis...
by sschullo
Sat Jan 28, 2017 4:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Reports Lower Expense Ratios For 21 Fund Shares Resulting In $25 Million In Savings For Investors
Replies: 20
Views: 2753

Re: Vanguard Reports Lower Expense Ratios For 21 Fund Shares Resulting In $25 Million In Savings For Investors

LAUSD's TPA is getting rich off of that piece of business. 25bps is a sweet fee. Maybe: .0025 x $110,000,000 = $275,000 per year. There are no hidden revenue sharing costs. There are two VOYA reps dedicated to the plan to provide workshops and enroll about 40,000 employees who are not in any retire...
by sschullo
Sat Jan 28, 2017 4:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Reports Lower Expense Ratios For 21 Fund Shares Resulting In $25 Million In Savings For Investors
Replies: 20
Views: 2753

Re: Vanguard Reports Lower Expense Ratios For 21 Fund Shares Resulting In $25 Million In Savings For Investors

The Los Angeles Unified School District's "award winning" 457(b) plan is showing the Wellesley Fund with a fund fee of 0.16%. The Wellesley Admiral class fund fee is 0.15%. This ripoff needs to be rectified! Engineer RECTIFIED it is! Thank you Engineer. This is a table I created to put on...
by sschullo
Sat Jan 28, 2017 3:37 pm
Forum: Investing - Theory, News & General
Topic: Second Largest PreK-12 School District Wins a 457b award!
Replies: 14
Views: 1549

Re: Second Largest PreK-12 School District Wins a 457b award!

Congrats Steve, looks like your work has finally paid off. Especially since I don't think 457 plans are subject to ERISA or the new fiduciary standard. Is that correct? Paul Hi Paul, No, 457(b) plans are not subjected to ERISA, but according to my fiduciary-minded, financial adviser friend, it is s...
by sschullo
Sat Jan 28, 2017 1:15 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Reports Lower Expense Ratios For 21 Fund Shares Resulting In $25 Million In Savings For Investors
Replies: 20
Views: 2753

Re: Vanguard Reports Lower Expense Ratios For 21 Fund Shares Resulting In $25 Million In Savings For Investors

BlackRock also reduced their fees on their target date funds. Both companies improved our Award Winning 457(b) plan significantly by lowering their fees.

Image
by sschullo
Sat Jan 28, 2017 1:13 pm
Forum: Investing - Theory, News & General
Topic: Second Largest PreK-12 School District Wins a 457b award!
Replies: 14
Views: 1549

Re: Second Largest PreK-12 School District Wins a 457b award!

Updated: If you thought the fees were low 2 years ago, take a look now.

Image
by sschullo
Sat Jan 28, 2017 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Is this normal for a 403b?
Replies: 6
Views: 337

Re: Is this normal for a 403b?

Thank you all for your responses. It makes me feel better to know that this is not illegal despite being annoying. The district has really crappy 403b options and was not responsive at all while I was trying to research the options. In addition, the district is also blatantly violating laws in othe...
by sschullo
Sat Jan 28, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Is this normal for a 403b?
Replies: 6
Views: 337

Re: Is this normal for a 403b?

Yeah, it's normal. It has been an issue for decades. Since the new IRS regs implemented in 2007, I believe the IRS requires all employers for all plans to send the money to the investment company at least once per month. Now a days, because of technology, my district sends it promptly, and teachers ...
by sschullo
Sat Jan 28, 2017 8:54 am
Forum: Personal Consumer Issues
Topic: Volunteering Ideas
Replies: 87
Views: 6212

Re: Volunteering Ideas

I make a point to volunteer at organizations that have directly helped me. 1. I am on the board of my local Dharmachakra Buddhist Center and on the Palm Springs Writers Guild where I also help start a critique group for nonfiction writers. Writing about personal finance to people who would not ever ...
by sschullo
Thu Jan 26, 2017 10:10 pm
Forum: Investing - Theory, News & General
Topic: Dow hits 20,000. What next? Share your strategy
Replies: 107
Views: 9055

Re: Dow hits 20,000. What next? Share your strategy

moneywise3 wrote:Stay the course


+1
by sschullo
Wed Jan 25, 2017 12:05 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 7365

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

And a WW II Vet. Happy Birthday, and keep up the great work.
Steve
by sschullo
Tue Jan 24, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 485
Views: 115061

Re: Share your net worth progression

1994 started with $234,000 2016 now have 7 figure portfolio despite distributions since 2008: (contributions to a 403(b) plan until 2008 and selling two California pieces of real estate) Below are the returns I earned (and lost). There is a lot of investing history, and huge mistakes behind this gra...
by sschullo
Tue Jan 24, 2017 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 4991

Re: Edward Jones [Looking for alternatives]

If you are serious about finding an adviser rather than learning from this site, take a look at National Association of Personal Financial Advisers or Garrett Planning Networks. http://www.garrettplanningnetwork.com/ Reflections on Garrett from this forum by Rick Ferri: https://www.bogleheads.org/fo...
by sschullo
Mon Jan 23, 2017 7:58 am
Forum: Investing - Theory, News & General
Topic: Hypo: What would you do if you were SURE of impending deline in markets
Replies: 62
Views: 4207

Re: Hypo: What would you do if you were SURE of impending deline in markets

With all due respect, your question means to me that you are learning about how to think about the investing process and trying to make it understandable. Your question deserves a response so you can fully understand what you are dealing with here. If anybody can predict a decline, then you can pred...
by sschullo
Sun Jan 22, 2017 11:58 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 331
Views: 54745

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

Excellent thread - especially for all of us who have read The Millionaire Next Door and employed various strategies over the years to shoot for LBYM. We still are tweaking things and looking for ways to improve. The idea of "stealth wealth" makes sense to both of us. When it comes to choi...
by sschullo
Wed Jan 18, 2017 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation at age 33
Replies: 26
Views: 2394

Re: Asset Allocation at age 33

Sounds 100% allocation to equities and understanding the potential for extreme volatility looks good to me. Of course, the real test is how you will hold up if the market crashes 30-50% when you lose real money, not hypothetical scenarios. I agree with Talyor when he suggests to include a small allo...
by sschullo
Tue Jan 17, 2017 5:11 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1288
Views: 210931

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

Overall portfolio return: 5.9% Age 69 31%/68% stock-bond split. Wellesley and Extended Market index provides a tilt towards value and small and mid-cap stocks. https://s19.postimg.org/e8do07t7n/2016_Each_Fund_returns_table.png https://s19.postimg.org/4xwyixt43/2016_AA_Final_Pie_Chart.png https://s19...
by sschullo
Mon Jan 16, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: 28yr old newbie playing catch up
Replies: 29
Views: 2449

Re: 28yr old newbie playing catch up

Thank you, Steve! I just wish saving was something I was taught/educated on while growing up. I've been working since I was 16 so I could have been way ahead of the game. My parents were immigrants so they didn't know how to manage their money very well. At times my parents comment that I've become...
by sschullo
Sun Jan 15, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: 28yr old newbie playing catch up
Replies: 29
Views: 2449

Re: 28yr old newbie playing catch up

Anyway, I guess I'm looking for some reassurance or a scolding to save more money. Thanks, WW Hi WW, Let me get this straight, you started investing 2 years ago at age 26 and you are looking for "reassurance or a scolding to save more money?" Your parents, and your significant other shoul...
by sschullo
Sun Jan 15, 2017 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: VPAS
Replies: 4
Views: 229

Re: VPAS

Because I have a 7 figure portfolio, I qualified for one of Vanguard's RIAs. He was paid out of the $1900 that I pay annually to Vanguard. He helped me rebalance my holdings after my spouse died in 2015. Vanguard website: https://investor.vanguard.com/financial-advisor/how-to-get-started
by sschullo
Fri Jan 13, 2017 7:08 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2160
Views: 586231

Re: What Book Are You Currently Reading? Part VI

Just finished Meryl Streep's biography-"Her Again." It's requires a knowledge of the theatrical performances. Part of the reason I was attracted to her from way back since her performance in "The Deer Hunter" and Kramer vs. Kramer was that her mother has a Quaker background. I am...
by sschullo
Fri Jan 13, 2017 6:59 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Budget?
Replies: 113
Views: 14455

Re: Do Bogleheads Budget?

I don't budget, but also don't disagree with the concept either. If it works to cut spending, do it. I never needed it as I was naturally frugal all of my life, part of the tendency is that I earned a little above minimin wage in my 20s, so the habit of not spending continued for the next four decad...
by sschullo
Thu Jan 12, 2017 10:40 am
Forum: Investing - Theory, News & General
Topic: John Bogle interviews
Replies: 5
Views: 791

Re: John Bogle interviews

Are the any recent interviews featuring John Bogle ? He was just on CNBC a few minutes ago, so I would assume a link will be on their site to see his excellent comments from today. What a great American! CNBC gave him plenty of time to thoroughly explain what we all know here, his thoughts on the d...
by sschullo
Wed Jan 11, 2017 11:20 am
Forum: Investing - Theory, News & General
Topic: Should I get out of TIAA traditional annuity?
Replies: 15
Views: 1085

Re: Should I get out of TIAA traditional annuity?

The Wizard wrote:Keep the old TIAA plan. Trad beats bonds hands down right now...


+1 and you have principle guarantees and no surrender charges. Coming from the K-12 403(b) world, where high cost, surrender fee-laden annuities are EVERYWHERE, it's hard to believe this is a low-cost annuity.
by sschullo
Tue Jan 10, 2017 9:55 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 189
Views: 12866

Re: How Bad was 2008, really?

Back to the OP question. This graph is my portfolio that I have been charting for over 20 years. During the tech bubble crash, I lost over 70% of my portfolio because I was in 100% tech stocks. I learned my lesson with correct diversification among the core asset classes and with a stock bond split ...
by sschullo
Tue Jan 10, 2017 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to politely fire my financial advisor
Replies: 66
Views: 6759

Re: How to politely fire my financial advisor

Contact your new provide (Fidelity or Vanguard, which is getting too big...), give them a copy of your most recent statements with all your accounts, and they will transfer it over. Then send your former Financial Adviser a nice hand written thank you note for his assistance; no reason required. Ne...
by sschullo
Mon Jan 09, 2017 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: To those with a pension...
Replies: 52
Views: 6509

Re: To those with a pension...

A. No. when I was working, I could not afford to max out my 403(b). What decided was what I needed to live, and not that I had a pension. B. No. I had a 30/70 stock bond split for over a decade as a response to my portfolio tech bubble disaster. The 30/70 allocation worked fine during the 2008 disas...

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