Search found 2150 matches

by sschullo
Wed May 17, 2017 6:14 am
Forum: Investing - Theory, News & General
Topic: Best argument you've heard against passive/for active?
Replies: 49
Views: 3889

Re: Best argument you've heard against passive/for active?

Ok...that made me laugh... Well, even mentioning Jim C. makes anybody an amateur comedian. I love those buttons, and his diversification method is constructing a portfolio of four or five individual company stocks in different industries. I also love his morning "Mad Dash" escapade. Mad M...
by sschullo
Tue May 16, 2017 11:10 pm
Forum: Investing - Theory, News & General
Topic: Best argument you've heard against passive/for active?
Replies: 49
Views: 3889

Re: Best argument you've heard against passive/for active?

what are the most convincing arguments people have heard against passive investing or in favor of active investing? Vanguard Wellington +1, actively managed Wellington has beat it's passive counterpart balanced index, inclusive of expenses since the latter's inception while holding less than 10% of...
by sschullo
Tue May 16, 2017 7:17 am
Forum: Investing - Theory, News & General
Topic: What Will Burst the Next Bubble?
Replies: 66
Views: 6204

Re: What Will Burst the Next Bubble?

I understand that, and I'm not asking anyone to predict when. My point is that with all the posts I read asking, "Where should I park my cash?" and "Should I wait to invest," it seems like people would have a specific, underlying issue to point to other than the fact that the ma...
by sschullo
Fri May 12, 2017 6:03 pm
Forum: Investing - Theory, News & General
Topic: Rob Arnott [buy emerging market equities vs. US stocks]
Replies: 40
Views: 2924

Re: Rob Arnott

Do not watch/read CNBC for anything except pure entertainment. There is a reason why BH call the business media "financial porn", you will get sucked into it and pretty soon you will always be seeking the latest investment "fad". (and no, I did not watch it) +1,000,000!!! Never ...
by sschullo
Tue May 09, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: Can someone explain LA to me?
Replies: 11
Views: 1799

Re: Can someone explain LA to me?

West LA! Holy crap! You bet that's expensive compared to Salt Lake City. In fact, all along the coast from Santa Barbara to the Mexican border reside some of the richest people in the entire planet. Wealthy people from around the world live there or want to live there--it's beautiful, yacht ready an...
by sschullo
Tue May 09, 2017 10:08 am
Forum: Personal Consumer Issues
Topic: Microsoft, I want my computer back!
Replies: 165
Views: 11432

Re: Microsoft, I want my computer back!

Angelus359 wrote:I have windows 10 creators update and I don't have any of these issues

+1
by sschullo
Sun May 07, 2017 10:06 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 17915

Re: Why save so much for when you're old?

Hi, I'm 24 yrs old and almost one year into my actuarial career (first real job). I expect to make good money in the future and have started investing since I was hired. My question is why is saving a lot for retirement so important? I get that we need money for when we're retired and no longer hav...
by sschullo
Sun May 07, 2017 9:49 am
Forum: Personal Consumer Issues
Topic: Best salads
Replies: 46
Views: 3809

Re: Best salads

Greek!!!
by sschullo
Thu May 04, 2017 7:39 am
Forum: Investing - Theory, News & General
Topic: A Boglehead Guide to Buying Individual Stocks
Replies: 85
Views: 6600

Re: A Boglehead Guide to Buying Individual Stocks

What is the point of "Beating the Market" Is it necessary? :mrgreen: Of course not! Neither is learning how to paint or running a marathon. The point would be learning how to value companies. Having some (but not too much) money at stake would make the project more interesting I think IMO...
by sschullo
Wed May 03, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 123
Views: 15293

Re: Great 403b for teachers?

EdLaFave wrote:I will if I'm ever able to, I've got an account named "EdLaFave". Right now the button to start a new topic says "You cannot start a new topic"
send a note to Dan Otter.
by sschullo
Wed May 03, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 123
Views: 15293

Re: Great 403b for teachers?

I wanted to post to 403bwise but they have rules that prevent people with new accounts from creating a topic and I don't want to hijack somebody else's thread. I'd like to see that policy changed but until it is, I can't post there. The rules of registering and posting on 403bwise are no different ...
by sschullo
Wed May 03, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: 403b Quandry
Replies: 13
Views: 526

Re: 403b Quandry

I think what they mean is they cannot transfer shares of the funds you own "in kind" to the new account. They want you to sell your shares within the 403b and rollover a lump sum of cash to the new 403b account, which will then be invested in funds in the new account. That's not a taxable...
by sschullo
Sun Apr 30, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 123
Views: 15293

Re: Great 403b for teachers?

You've done a great job! Very impressive. How are you getting out the word that your web site exists? Thank you. I am open to all suggestions on getting the word out. I'm trying to get the Orlando Sentinel interested in writing a story. If you type the right phrases in google we are on page 1, so I...
by sschullo
Wed Apr 26, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: $300+ to remove a racoon. Really?
Replies: 83
Views: 4755

Re: $300+ to remove a racoon. Really?

I live in an HOA and had a beehive in my backyard. I could have called the HOA and an exterminator would have taken care of the bees. But I wanted the bees removed and not killed. After a number of calls starting with the California Beekeeper association and then to my local Farmers Market, I locate...
by sschullo
Wed Apr 26, 2017 5:05 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 19638

Re: Any regrets living a frugal life for high income/high networth individuals?

I don't live a frugal life to save money, I save money because I live a frugal life. So I don't have regrets about "nicer" things passed up, because I already get what I want. +1 +2 the only thing I would add is my experience. I know you asked for high net worth individuals, which is the ...
by sschullo
Tue Apr 25, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why are pensions revered, but annuities reviled?
Replies: 113
Views: 9699

Re: Why are pensions revered, but annuities reviled?

... but the single-premium immediate annuity (SPIA) is a fine product, but only from either Vanguard or TIAA. There may be other companies, but I would check around and be very careful about the costs. I would not recommend Vanguard. They just resell SPIAs from other companies (and go through anoth...
by sschullo
Mon Apr 24, 2017 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Why are pensions revered, but annuities reviled?
Replies: 113
Views: 9699

Re: Why are pensions revered, but annuities reviled?

I read lots of stuff about the good old days when everyone had a pension, but at the same time whenever anyone brings up annuities people's blood starts to boil. I don't get it. It seems to me that upon retirement, converting some portion of your retirement account into an single-premium immediate ...
by sschullo
Sun Apr 23, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Amended tax return question - what to include?
Replies: 2
Views: 258

Re: Amended tax return question - what to include?

Mail in the amended return as soon as possible. This way you will get your refund sooner. You must mail in the amended return along with explanation and/or documents. No need to wait. I made a mistake and mailed in an amended form ASAP. They will look at it and send you a letter if you owe more tax...
by sschullo
Sun Apr 23, 2017 4:53 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 36582

Re: Larry Swedroe says "Goodby."

davidkw wrote:Larry's books are the best. The Only Investment Guide to a Winning Investment Strategy that You Will Ever Need was one of the first investment books that I read, and it taught me plenty,


Read it too, and also learned a lot about bonds.
by sschullo
Sun Apr 23, 2017 4:48 am
Forum: Investing - Help with Personal Investments
Topic: 403B
Replies: 12
Views: 647

Re: 403B

Hi Akinyi, I used TIAA's: 1. International Equity Index 2. Equity Index (U.S. domestic) 3. Bond fund The trick is to allocation a balance between bonds and equities (stocks) according to your risk tolerance and need to use the money. In my situation, I did not use TIAA cref until my middle 50s, near...
by sschullo
Fri Apr 21, 2017 6:27 pm
Forum: Investing - Theory, News & General
Topic: Single most important investing advice?
Replies: 96
Views: 10871

Re: Single most important investing advice?

Two levels of most important investing advice: 1. Learn the craft: the nuts, and bolts of constructing a simple and easy to understand portfolio, the Boglehead way. 2. Only after number 1 is constructed: Learn thyself, your psychology. Discover your risk tolerance. This is 10x more difficult that yo...
by sschullo
Thu Apr 20, 2017 8:15 am
Forum: Personal Finance (Not Investing)
Topic: CA State Tax Refund ~ 3 Month Processing Time
Replies: 19
Views: 1619

Re: CA State Tax Refund ~ 3 Month Processing Time

Got mine weeks ago, within a week or ten days after filling.
by sschullo
Thu Apr 20, 2017 8:12 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 36582

Re: Larry Swedroe says "Goodby."

Larry, Thanks for all your posts and your review of my book. What Wall Street Doesn't Want you to Know , was one of my first books I read that opened my eyes to how Wall Street works. I am saddened and surprised that your experience happens on this site. The M* forums are so much worse. Little ole m...
by sschullo
Wed Apr 19, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 123
Views: 15293

Re: Great 403b for teachers?

If the NEA really wanted to help us, they would not promote a company that sells their membership variable annuity products. Instead, they would have Vanguard or Fidelity as the company on their website selling their products. I believe this would make it easier to have those options added to our c...
by sschullo
Wed Apr 19, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 123
Views: 15293

Re: Great 403b for teachers?

This is an effort to improve investment options and provide transparency about costs of options in 403b plans at the national level. "The 403(b) Model Disclosure Form, as it’s called, will set transparency standards and give school employees a comparison of their investment options and the fee...
by sschullo
Wed Apr 19, 2017 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 123
Views: 15293

Re: Great 403b for teachers?

I appreciate the responses but they're disheartening because it sounds like you're saying that the institutions are so broken that the only solution is a mass (education) movement for OCPS employees. I plan to push forward on that front but that is a steep uphill battle relative to convincing a sel...
by sschullo
Mon Apr 17, 2017 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 123
Views: 15293

Re: Great 403b for teachers?

Just wanted to share my experience: 1. After extensive research and dealing with awful sales reps, I discovered NEA DirectInvest was the best option for my wife. 2. We filled out the paper work to enroll and thought we were done. 3. The Orange County School Board (Fl) contacted my wife and told her...
by sschullo
Sun Apr 16, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 11338

Re: My kids don't care about saving

Give your kids a break. They are still young. While this forum has many participants their age who are saving a lot of money that is not the norm. It sounds like you raised responsible children who have good jobs and aren't living in your basement. They are now adults and they aren't asking you for...
by sschullo
Sun Apr 16, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Why would anyone want to buy bond funds?
Replies: 92
Views: 9371

Re: Why would anyone want to buy bond funds?

bottlecap wrote:By that logic, it's a bad time to buy stocks as well.

Good luck,

JT


If a young worker is starting in a tax-deferred retirement plan, a market crash would be a great time to start.
by sschullo
Sun Apr 16, 2017 7:08 am
Forum: Investing - Theory, News & General
Topic: Is Bogle's investment style too aggressive?
Replies: 13
Views: 2663

Re: Is Bogle's investment style too aggressive?

Aggressive vs conservative brings long discussions. Bogle says all the time, pay attention to a realistic return, not speculation. I don't have minibonds because my income is not high enough. My 70% bond allocation saved my portfolio through the 2008 crash. It was a former prolific poster here, Adri...
by sschullo
Wed Apr 12, 2017 5:37 pm
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 102
Views: 5572

Re: Best way to expand my vocabulary?

Something that has helped me is to always look up words I do not know when I am reading. If you have a Kindle, you can tap words and it will bring up the dictionary definition. For online reading, just type in "define <word>" in Google. And Amazon's Alexa defines and spells words too, jus...
by sschullo
Wed Apr 12, 2017 5:34 pm
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 102
Views: 5572

Re: Best way to expand my vocabulary?

Phineas J. Whoopee wrote:
It will take a long time.

PJW

Yep, a lifetime. Still learning new words.
by sschullo
Wed Apr 12, 2017 8:16 am
Forum: Investing - Help with Personal Investments
Topic: 403(b) Option Help
Replies: 28
Views: 1299

Re: 403(b) Option Help

I don't have a lot of assistance to provide, but I just wanted to say I feel your pain. Fortunately(?) I only have four providers to wrestle information out of, but they do make it difficult. I just sent the same email to each provider, clearly stating that I have all the information I need except ...
by sschullo
Mon Apr 10, 2017 10:10 am
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 178
Views: 22828

Re: What rate of return do you use when planning for retirem

Will do good wrote:I choose 3%-3.25%. I think this is too conservative, but I'm a chicken.


I use as low as 3% to as high as 5%. Remember most Bogleheads don't spend money on advice, and you have to pay either ordinary or capital gains taxes and stay ahead of inflation. 3% is not going to be enough IMO.
by sschullo
Sun Apr 09, 2017 9:20 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 6112

Re: Economics of Charging an Electric Car

. But it's not about Musk or Bogle, it's about their IDEAS! Most of us here are grateful that St Jack was successful, I would hope that people want Tesla to be successful too. Yes. It's worth remembering how many great ideas fail. Steam cars did, and they had clear advantages over ICE cars. Tesla d...
by sschullo
Sun Apr 09, 2017 6:38 am
Forum: Investing - Theory, News & General
Topic: Vanguard Taking-In $2 Billion a Day in New Cash
Replies: 30
Views: 5095

Re: Vanguard Taking-In $2 Billion a Day in New Cash

Now I don't feel so guilty, not that I really was! I took about 17% of my 7 figure money out of Vanguard last fall. I had TIAA dust off an old 403(b) account I had with my former employer Los Angeles Unified. I wanted a stable value type fund and TIAA had the 3.0% guaranteed fixed account. I wanted ...
by sschullo
Sat Apr 08, 2017 8:51 am
Forum: Investing - Theory, News & General
Topic: Where to go for free or low cost advice?
Replies: 23
Views: 2014

Re: Where to go for free or low cost advice?

epictetus wrote:Vanguard's Personal Advisory Service at .30 cost


+1 or if you have enough assets, a Certified Financial Planner is available for free. I got excellent assistance to compliment what I already knew about portfolio construction.
by sschullo
Fri Apr 07, 2017 8:04 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 6112

Re: Economics of Charging an Electric Car

. But it's not about Musk or Bogle, it's about their IDEAS! Most of us here are grateful that St Jack was successful, I would hope that people want Tesla to be successful too. Yes. It's worth remembering how many great ideas fail. Steam cars did, and they had clear advantages over ICE cars. Tesla d...
by sschullo
Fri Apr 07, 2017 6:09 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 6112

Re: Economics of Charging an Electric Car

It was a surprise to me. As I don't know this business. I told my service manager that Vanguard treats its customers the same way as Tesla. The car doesn't require gazillion parts for inventory storage in the first place! The risk of recalls is low because of the simplicity throughout. To my knowle...
by sschullo
Thu Apr 06, 2017 2:54 pm
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 6112

Re: Economics of Charging an Electric Car

I think most Bogleheads would like a very interesting conversation with my Tesla service manager. The service manager used to work for a Mercedes dealership. As the service manager at Mercedes he was always under pressure to provide extra service and sell parts that the customer did not need. He me...
by sschullo
Thu Apr 06, 2017 11:27 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 6112

Re: Economics of Charging an Electric Car

Only considering the fuel costs, then yes your 31.8 MPG Crosstrek costs the same as an electric car would. The electric car is still 3x more energy efficient than the Crosstrek though. For most consumers though, energy efficiency is probably less of a priority than the costs of fuel. +1 in five yea...
by sschullo
Wed Apr 05, 2017 10:20 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 6112

Re: Economics of Charging an Electric Car

Only considering the fuel costs, then yes your 31.8 MPG Crosstrek costs the same as an electric car would. The electric car is still 3x more energy efficient than the Crosstrek though. For most consumers though, energy efficiency is probably less of a priority than the costs of fuel. +1 in five yea...
by sschullo
Wed Apr 05, 2017 9:39 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 6112

Re: Economics of Charging an Electric Car

+1 in five years, with 31,000 miles on my Leaf, I had NO filthy oil changes, no tune-ups, no transmissions, not even the 12-volt battery was replaced. I had problems with the brakes in my Leaf just one year into ownership. I had to have brake pads replaced. The car would shake when making a stop wi...
by sschullo
Wed Apr 05, 2017 9:35 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 6112

Re: Economics of Charging an Electric Car

19 cents/Kwh is a high electricity rate, so I think that is the issue. I pay around 7 cents here in Illinois. Edison charges 14 cents. I guess it depends what you include also. I just pulled up my bill. I was quoting the electricity rate only. There is a delivery charge too of around 3 cents a kWh....
by sschullo
Tue Apr 04, 2017 10:28 am
Forum: Investing - Theory, News & General
Topic: Early retirees - how did you inform your loved ones and friends?
Replies: 54
Views: 5737

Re: Early retirees - how did you inform your loved ones and friends?

jebmke wrote:
sschullo wrote: the biggest scare of all for humans--change.

worse than snakes? I doubt it.


Ok, how about "lions, tigers and bears?"
by sschullo
Tue Apr 04, 2017 9:25 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 6112

Re: Economics of Charging an Electric Car

$2.10 per gallon, $0.198 /kWH so 31.8 MPG equivalent. So makes no sense for electric for me. I get that in our AWD Subaru Crosstrek. A new $18k Impreza would blow that number out of the water and still get up my driveway. Only considering the fuel costs, then yes your 31.8 MPG Crosstrek costs the s...
by sschullo
Tue Apr 04, 2017 9:05 am
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 6112

Re: Economics of Charging an Electric Car

michaeljc70 wrote:19 cents/Kwh is a high electricity rate, so I think that is the issue. I pay around 7 cents here in Illinois.

Edison charges 14 cents.
by sschullo
Tue Apr 04, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: Early retirees - how did you inform your loved ones and friends?
Replies: 54
Views: 5737

Re: Early retirees - how did you inform your loved ones and friends?

My department held a party for the few of us who were retiring, but that was it. I was out of Los Angeles and into the desert. This doesn't mean that I took the decision lightly. Retirement is a huge life change but it really doesn't involve others. It involves reinventing yourself, and the biggest ...
by sschullo
Sun Apr 02, 2017 9:29 am
Forum: Personal Consumer Issues
Topic: What career helped you become wealthy?
Replies: 75
Views: 8987

Re: What career helped you become wealthy?

One thing to remember is that no career, however high-paying, will help you become wealthy if you don't first establish good financial habits and prioritize savings. Yeah, there are many books about lotto winners, professional athletes and other high paying elite professionals who had tens of milli...

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