Search found 2045 matches

by sschullo
Tue Jan 17, 2017 5:11 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1275
Views: 205108

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: 20
Views: 1444

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: 20
Views: 1444

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: 200

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: 2067
Views: 556789

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: 14168

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: 721

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: 1009

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: 187
Views: 11546

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: 6238

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: 5854

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...
by sschullo
Mon Dec 12, 2016 10:56 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 102
Views: 10281

Re: NY Times first in a series about 403(b)s with public K-12

I agree that Tara, the reporter, may not have explained well enough that it didn't matter that some teachers have heavy family burdens while others are in a more healthy financial environment. Steve, you are preaching to the choir (me). I love the message, I just hated the music :D Best of luck in ...
by sschullo
Mon Dec 12, 2016 7:53 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 102
Views: 10281

Re: NY Times first in a series about 403(b)s with public K-12

This is a very important subject. Sadly, the New York Times ruins it with a pity party and loads of unnecessary politics. Why can't they just talk about the issue - high cost 403b funds - without injecting so much politics aimed at making us feel bad for those teachers? As a result, the people who ...
by sschullo
Fri Dec 09, 2016 8:45 pm
Forum: Investing - Theory, News & General
Topic: Turning the noise level WAY down
Replies: 6
Views: 1297

Re: Turning the noise level WAY down

Nicolas wrote:To turn down ALL noise you'll have to quit this board too as there's a bit of noise here that you'll unavoidably be exposed to.


It takes noise to ignore the noise. :happy
by sschullo
Fri Dec 09, 2016 11:13 am
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 63
Views: 3422

Re: Which country in Africa to visit?

I would highly recommend Tanzania with the most famous park in the world, Serengeti. Visit the museum where the Leaky's found the most famous jaw bone of our ancestors at the time. We also interacted with the local people. The Maori are the biggest tribe and are as elegant and physically tall with ...
by sschullo
Fri Dec 09, 2016 10:01 am
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 63
Views: 3422

Re: Which country in Africa to visit?

I would highly recommend Tanzania with the most famous park in the world, Serengeti. Visit the museum where the Leaky's found the most famous jaw bone of our ancestors at the time. We also interacted with the local people. The Maori are the biggest tribe and are as elegant and physically tall with ...
by sschullo
Sun Dec 04, 2016 12:04 pm
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 63
Views: 3422

Re: Which country in Africa to visit?

Yeah, S. Africa and Egypt, and Morroco are the default tourist attractions and are wonderful, so I have heard. Egypt and Morroco are on my bucket list. I have visited four other African countries (Tanzania, Botswana, Zambia, Zimbabwe). If you are into remote destinations that you have to get to by s...
by sschullo
Wed Nov 30, 2016 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Should I add to Wellesley instead of Total Bond?
Replies: 26
Views: 2004

Re: Should I add to Wellesley instead of Total Bond?

You want what we all want, higher returns, low risk. As Taylor said, 3% is not enough to trigger rebalancing. But I see something else in your post: you are getting uncomfortable about the risk you are taking with your current stock/bond/cash allocation, your AA. I don't think Wellesley will make yo...
by sschullo
Tue Nov 29, 2016 9:30 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman challenges John Bogle
Replies: 157
Views: 13163

Re: Paul Merriman challenges John Bogle

I like Merriman and listened to his podcasts for a decade and his data going back to 1928 seems accurate. But he also annoys me when makes the small cap tilt to get that extra return a big deal, and more complications for new investors. He needs to keep it simple for new investors.
by sschullo
Sat Nov 26, 2016 8:05 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 102
Views: 10281

Re: NY Times first in a series about 403(b)s with public K-12

My wife's fortunate in that her district's 403(b) uses Vanguard. Reading this article was a real eye-opener. The real losers on this are those who work in states where they aren't eligible for Social Security and yet have to depend on these plans for possibly the bulk of their retirement. The NEA s...
by sschullo
Wed Nov 23, 2016 9:58 am
Forum: Personal Consumer Issues
Topic: How many of you have cut cord?
Replies: 172
Views: 13385

Re: How many of you have cut cord?

The word "cord" brings up memories of chopping wood with my father for our house furnace in cold northern Wisconsin winter way back when! :D https://www.youtube.com/watch?v=MLICD83B_qg sschullo: The youtube, too funny, thanks! I just split a cord of wood, myself, and by hand with a wedge....
by sschullo
Tue Nov 22, 2016 8:38 pm
Forum: Personal Consumer Issues
Topic: How many of you have cut cord?
Replies: 172
Views: 13385

Re: How many of you have cut cord?

If this has already been discussed, I'm sorry. Just curious? We have just officially cut the cord with cable/satellite a few weeks ago with direct tv and I must say it feels liberating. Even as a sports fan, I'm noticing I spend more quality time with my wife and daughter in the evenings. I read mo...
by sschullo
Tue Nov 22, 2016 9:42 am
Forum: Personal Consumer Issues
Topic: "Musk Says Tesla’s Solar Shingles Will Cost Less Than a Dumb Roof"
Replies: 78
Views: 8867

Re: "Musk Says Tesla’s Solar Shingles Will Cost Less Than a Dumb Roof"

Elon Musk seems to be the guru of millions of millennials today. He's a brilliant guy who thinks he can find a way to control the rays of the sun. Why not? Not just millennials. We bought his car because it creates American jobs with American workers and American ingenuity, and it helps with the Ca...
by sschullo
Sun Nov 20, 2016 6:52 pm
Forum: Local Chapters and Bogleheads Community
Topic: Valuethinker has surpassed 30,000 posts
Replies: 39
Views: 3410

Re: Valuethinker has surpassed 30,000 posts

Valuethinker wrote:
sschullo wrote:
Rob5TCP wrote:One of my favorites -- Congrats and keep them coming.

Maybe Bogleheads have an honor roll
over 5,000
10,000
25,000
50,000
etc.


How about over 2000? :wink:


Quality beats quantity any day of the week my friend ;-).


:sharebeer
by sschullo
Sat Nov 19, 2016 7:52 pm
Forum: Local Chapters and Bogleheads Community
Topic: Valuethinker has surpassed 30,000 posts
Replies: 39
Views: 3410

Re: Valuethinker has surpassed 30,000 posts

Rob5TCP wrote:One of my favorites -- Congrats and keep them coming.

Maybe Bogleheads have an honor roll
over 5,000
10,000
25,000
50,000
etc.


How about over 2000? :wink:
by sschullo
Wed Nov 16, 2016 9:21 am
Forum: Investing - Theory, News & General
Topic: financial advisor core skillset
Replies: 18
Views: 1425

Re: financial advisor core skillset

I think it was William Bernstein who wrote that by the time an individual has the knowledge sufficient to choose a good financial advisor, he can probably do the investing himself. That being said, I chose to go the advisor route. Dave Dave, Your decision to go the advisor route brings up some of m...
by sschullo
Tue Nov 15, 2016 8:21 pm
Forum: Investing - Theory, News & General
Topic: financial advisor core skillset
Replies: 18
Views: 1425

Re: financial advisor core skillset

Over the course of my career, I served as a consultant to several asset and wealth managers. Over 10 years ago we did a project for a large, well-known wealth manager (I'll just say it wasn't vanguard) where we flew around the country to meet with their top FAs to gather their suggestions for compu...
by sschullo
Tue Nov 15, 2016 8:13 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2270
Views: 561821

Re: What Movie Have You Recently Watched?

DSInvestor wrote:12 Angry Men (1957 version) starring Henry Fonda. good stuff.


I saw the movie and the play. Loved the dynamics of the strong-willed characters changing their biased minds when confronted with the evidence, while a some just changed their minds because of peer pressure. Powerful stuff!
by sschullo
Tue Nov 15, 2016 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Monthly grocery costs? How do you keep it low?
Replies: 155
Views: 15199

Re: Monthly grocery costs? How do you keep it low?

We spend $250 a month on average for two people. We shop at salvage markets, especially for produce. We shop at ethnic markets for meats and vegetables. We shop at discounters like 99 Only, Aldi and Winco Foods, the latter being the cheapest on store brands, certain meats and spices. Fry's (Kroger'...
by sschullo
Fri Nov 04, 2016 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 60
Views: 7157

Re: Great 403b for teachers?

I just got done skimming through this thread... I was wondering, does anyone know if your district has to offer this plan as an existing option in order to be able to enroll or can one simply be a member of the NEA or any of it's affiliates? I am in Michigan and my wife is a teacher. The Michigan E...
by sschullo
Thu Nov 03, 2016 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 60
Views: 7157

Re: Great 403b for teachers?

Thanks for the updates. Hasn't quite been a full year yet, but everything has been smooth and I don't have any issues with the plan at this point. I find the website easy to use and though I haven't changed anything with the plan, I've tried out the system all the way to the final confirmation and ...
by sschullo
Thu Nov 03, 2016 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 60
Views: 7157

Re: Great 403b for teachers?

My response is in red . I just wonder how many members have enrolled in their SB self-directed plan. You mentioned four that we know of and they are all less than a year. I wonder also! NEA should be willing to tell us, don’t you think? YEAH! Why don't they? Their silence a clear message that it's o...
by sschullo
Mon Oct 31, 2016 12:11 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 102
Views: 10281

Re: NY Times first in a series about 403(b)s with public K-12

If you are a teacher w/ Fidelity as a choice, you might have access to Brokeragelink inside the 403. https://thefinancebuff.com/best-investment-options-with-fidelity-brokeragelink.html This would allow you to personally select any funds you wish to put into your 403. Fidelity has their own index li...
by sschullo
Mon Oct 31, 2016 9:41 am
Forum: Investing - Theory, News & General
Topic: Cap Weighted Index vs Equal Weighted Index
Replies: 14
Views: 1063

Re: Cap Weighted Index vs Equal Weighted Index

Might want to read this article by our own White Coat Investor. Dr James
http://whitecoatinvestor.com/dfa-vs-vanguard/
by sschullo
Sun Oct 30, 2016 4:08 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 102
Views: 10281

Re: NY Times first in a series about 403(b)s with public K-12

I did talk to a representative from Horace Mann, and I can't remember the details of what he thought was a good option for me, but it was absolute garbage. Don't want to hijack this thread, just wanted to give people a taste of a 403b. Never think twice about reporting garbage when garbage is every...
by sschullo
Sat Oct 29, 2016 8:48 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 102
Views: 10281

Re: NY Times first in a series about 403(b)s with public K-12

Pushing this up for Part III just released today: Main topic is about the most frequent product sold to k=12 is indexed annuities. But agents are now asking older teachers to sell their old annuity which pays a higher interest rate for a newer contract which has a lower interest rate. http://www.ny...
by sschullo
Fri Oct 28, 2016 3:11 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 102
Views: 10281

Re: NY Times first in a series about 403(b)s with public K-12

Pushing this up for Part III just released today: Main topic is about the most frequent product sold to k=12 is indexed annuities. But agents are now asking older teachers to sell their old annuity which pays a higher interest rate for a newer contract which has a lower interest rate. http://www.nyt...
by sschullo
Fri Oct 28, 2016 10:09 am
Forum: Investing - Theory, News & General
Topic: Why Doesn't the DOL Understan the Term "Fiduciary"?
Replies: 21
Views: 2187

Re: Why Doesn't the DOL Understan the Term "Fiduciary"?

Link: http://www.msn.com/en-us/money/personalfinance/morgan-stanley-sets-off-a-fight-over-the-cost-of-your-retirement-account/ar-AAjrfRS?li=BBnbfcN If I take money from a client and the client expects me to turn turn a profit for them, but instead, I continue to make a profit, even as they lose the...
by sschullo
Fri Oct 28, 2016 10:00 am
Forum: Investing - Theory, News & General
Topic: Who disagrees with Jack. . .
Replies: 73
Views: 5849

Re: Who disagrees with Jack. . .

I think people get hung up on the trees and not see the forest (sorry for this worn out cliche'). Bogle's original S&P 500 index and his original message about costs, trading, thinking long term are(is) the forest, and that alone we can all agree as DIYers. Getting to the trees whether internati...
by sschullo
Thu Oct 27, 2016 6:24 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 102
Views: 10281

NY Times 2nd part in a series about 403(b)s with public K-12

Pushing this up, instead of creating a new thread. 2nd part of the NY Times series on the 403(b): "An annuity for the teacher--and the broker. A look inside the high-pressure job of selling annuities to public school teachers." I have been following the print media on the hideous 403(b) se...
by sschullo
Tue Oct 25, 2016 7:32 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 102
Views: 10281

Re: NY Times first in a series about 403(b)s with public K-12

My wife is a jr. high public school teacher in Michigan and has a 403b. Before I became aware of the Boglehead way, we were dumping maximum paycheck amounts into her account at Ameriprise every two weeks. The yearly account fee was only $19 but all the options were high ER funds with front end load...
by sschullo
Tue Oct 25, 2016 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Any NYS Teachers with 403B?
Replies: 24
Views: 1460

Re: Any NYS Teachers with 403B?

I agree. You are lucky to have a state-run 457b plan. My friends and I are hoping that the 457(b) plan will replace the 403(b) which has been dominated by the insurance industry since 1961.
by sschullo
Mon Oct 24, 2016 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 60
Views: 7157

Re: Great 403b for teachers?

krow, You are a gentleman! :happy Okay, I'll remove the words "no members." I have been accused of black and white opinions since I was a kid. :- ) I just wonder how many members have enrolled in their SB self-directed plan. You mentioned four that we know of and they are all less than a y...
by sschullo
Mon Oct 24, 2016 7:45 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 102
Views: 10281

Re: NY Times first in a series about 403(b)s with public K-12

I tried opening a Vanguard 403b but my third party administrator wouldn't allow it. So that may not work for everyone. My district doesn't have any low cost alternatives (assuming this Security Benefit NEA Direct Invest doesn't work). Coolstavi, it's only been 11 days since you submitted your appli...
by sschullo
Mon Oct 24, 2016 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 60
Views: 7157

Re: Great 403b for teachers?

Krow, It's been a year and no NEA member has reported their experience here or at 403bwise.com with this self-directed plan. Realizing that my brain is probably working overtime, but I wonder if NEA Security Benefit is scrambling around to enroll teachers in their low-cost alternative now that there...
by sschullo
Sun Oct 23, 2016 8:38 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 102
Views: 10281

Re: NY Times first in a series about 403(b)s with public K-12

It was simply a matter of opening my own Vanguard 403(b) account through the Vanguard web site and then filling out my school districts salary reduction form myself with that Vanguard account number on it. Pretty trivial. That is basically all the work the sales people ever do themselves when they ...
by sschullo
Sun Oct 23, 2016 5:43 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 102
Views: 10281

Re: NY Times first in a series about 403(b)s with public K-12

Teacher here. I can't speak for other states but at least in the two states where I have worked as a teacher I have found zero-cost or extremely low cost investment options available. But you really have to do your own research, especially in Texas. And for the most part this never happens. Teacher...

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