Search found 2175 matches

by sschullo
Wed Jun 21, 2017 7:15 am
Forum: Investing - Theory, News & General
Topic: Vanguard risk tolerance survey blunder.
Replies: 41
Views: 3897

Re: Vanguard risk tolerance survey blunder.

My feeling is that the surveys tend to overestimate an individual's risk tolerance, thus the recommendations will inevitably lead to a more aggressive investment portfolio than the client might be comfortable with. In my own experience, I took the risk survey at my favorite mutual fund company. The...
by sschullo
Mon Jun 19, 2017 8:29 am
Forum: Investing - Theory, News & General
Topic: Best Financial Advice from Dad (in honor of father's day)
Replies: 79
Views: 4777

Re: Best Financial Advice from Dad (in honor of father's day)

Father's Day never meant much to me. I did not learn about the wisdoms of life from him. My father died when I was 13, and he was sick 3 to 4 years before his enlarged heart stopped. But I will say this, both my parents owned and operated a dairy farm, and lived frugally. It was their example of har...
by sschullo
Sun Jun 18, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 227
Views: 35176

Re: Regret early retirement/downsizing

retired at 60 turning 61. After nine years, NO REGRETS!
by sschullo
Thu Jun 15, 2017 7:29 pm
Forum: Personal Consumer Issues
Topic: trying to join MR. MONEYMUSTACHE forum
Replies: 7
Views: 2243

Re: trying to join MR. MONEYMUSTACHE forum

Agree with dadu. Be patience. He is the most brilliant blogger on the planet about frugal living and retiring at 30 with 12 million views and hundreds of thousands of followers. Historically, if there is a change in the borrow and spend of American culture, MMM will be given a lot of credit because ...
by sschullo
Tue Jun 13, 2017 6:26 am
Forum: Personal Consumer Issues
Topic: What Do You Pay for an Oil Change?
Replies: 129
Views: 7405

Re: What Do You Pay for an Oil Change?

$0. I drive an electric car. :happy +1 We also save time, making appointments, getting a loaner car at the dealership, or having somebody pick you up and take you back to pick up the car. It's one thing that we electric car owners never have to think about ever again! The problem with jiffy lubes t...
by sschullo
Mon Jun 12, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: Vanguard believes in active managment
Replies: 19
Views: 1494

Re: Vanguard believes in active managment

One third of global AUM is in so-called "active." Vanguard does many things well (including keeping costs down in "active"). BH, as we know, is a discussion group. VG is a company. Big difference IMHO. Lev And another difference between the active managers in other companies is ...
by sschullo
Sun Jun 11, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: Friday's Dow Jones Industrial +89.44
Replies: 24
Views: 2336

Re: Friday's Dow Jones Industrial +89.44

Apple was the biggest loser and why the NASDAQ lost so much. Having said this I have not seen such a divergence between the DJIA and the NASDAQ before. My portfolio is so well diversified that it only lost $720.27 today. It was the large-cap tech companies that lost so much ground today, leading to ...
by sschullo
Fri Jun 09, 2017 9:33 am
Forum: Investing - Theory, News & General
Topic: Why You Still Can’t Trust Your Financial Adviser
Replies: 54
Views: 5562

Re: Why You Still Can’t Trust Your Financial Adviser

Within those 80+ topics, each one on it's own has enough density to merit it's own designation - investments is but 1 of those 80. IF people could discover the investing process alone, perhaps many of those other topics might be less intimidating. I found that to be true for me. For examples: Learn...
by sschullo
Fri Jun 09, 2017 8:12 am
Forum: Investing - Theory, News & General
Topic: Why You Still Can’t Trust Your Financial Adviser
Replies: 54
Views: 5562

Re: Why You Still Can’t Trust Your Financial Adviser

Within those 80+ topics, each one on it's own has enough density to merit it's own designation - investments is but 1 of those 80. IF people could discover the investing process alone, perhaps many of those other topics might be less intimidating. I found that to be true for me. For examples: Learn...
by sschullo
Thu Jun 08, 2017 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a personal finance cynic
Replies: 109
Views: 5811

Re: How to deal with a personal finance cynic

The book that got me started on a boglehead-esque lifestyle decades ago is the classic: Your Money or Your Life: Transforming Your Relationship with Money and Achieving Financial Independence by Joe Dominguez, Vicki Robin, Joseph R. Dominguez https://www.barnesandnoble.com/w/your-money-or-your-life...
by sschullo
Thu Jun 08, 2017 1:52 pm
Forum: Investing - Theory, News & General
Topic: Why You Still Can’t Trust Your Financial Adviser
Replies: 54
Views: 5562

Re: Why You Still Can’t Trust Your Financial Adviser

As has been said many times on BH: "When you know enough to choose a good FA, you no longer need one." . . . A "good" FA: 1. He or she is a CFA that signs the fiduciary oath upon meeting client for the first time voluntary, and a member of Garrett Planning Network, or NAPFA. 2. ...
by sschullo
Thu Jun 08, 2017 1:47 pm
Forum: Investing - Theory, News & General
Topic: Why You Still Can’t Trust Your Financial Adviser
Replies: 54
Views: 5562

Re: Why You Still Can’t Trust Your Financial Adviser

3. Charge Fee only, AUM (.50 or less), or some type of contract (?). NOOOOOO!!!!! Asset under management fees result in costs that are far too high. The advisor should no more charge an ongoing fee simply for breathing than your doctor charges you for being prepared to see you if needed. Or your la...
by sschullo
Thu Jun 08, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: Why You Still Can’t Trust Your Financial Adviser
Replies: 54
Views: 5562

Re: Why You Still Can’t Trust Your Financial Adviser

As has been said many times on BH: "When you know enough to choose a good FA, you no longer need one." . . . A "good" FA: 1. He or she is a CFA that signs the fiduciary oath upon meeting client for the first time voluntary, and a member of Garrett Planning Network, or NAPFA. 2. ...
by sschullo
Thu Jun 08, 2017 6:58 am
Forum: Investing - Theory, News & General
Topic: Why You Still Can’t Trust Your Financial Adviser
Replies: 54
Views: 5562

Re: Why You Still Can’t Trust Your Financial Adviser

If you're lucky enough to fall into some cash and/or happen to have a spouse that doesn't have a clue about money and you might, ya know, die someday and leave it to them, a trustworthy FA for them to know in person is a good thing. Scout it out, find a good one with a solid reputation and a guidin...
by sschullo
Thu Jun 08, 2017 6:54 am
Forum: Investing - Theory, News & General
Topic: Why You Still Can’t Trust Your Financial Adviser
Replies: 54
Views: 5562

Re: Why You Still Can’t Trust Your Financial Adviser

As has been said many times on BH: "When you know enough to choose a good FA, you no longer need one." Great quote!! A good FI may be helpful on the psychological side. Many people have the knowledge and skills to set up a great plan but bail when the markets get shaky. Semi knowledgeable...
by sschullo
Wed Jun 07, 2017 9:14 am
Forum: Investing - Theory, News & General
Topic: Why You Still Can’t Trust Your Financial Adviser
Replies: 54
Views: 5562

Re: Why You Still Can’t Trust Your Financial Adviser

As has been said many times on BH: "When you know enough to choose a good FA, you no longer need one." Great quote!! A good FI may be helpful on the psychological side. Many people have the knowledge and skills to set up a great plan but bail when the markets get shaky. Semi knowledgeable...
by sschullo
Mon Jun 05, 2017 6:41 am
Forum: Personal Consumer Issues
Topic: Worth it to buy expensive clothes?
Replies: 90
Views: 7693

Re: Worth it to buy expensive clothes?

I have the money, and can afford it I don't see a problem. Same here. The last time I went to Beverly Hills to purchase some Facinabe apparel was because of the "Wealth Effect" in early 2000. Time to through out old shirts, old sport coats, shoes, socks, EVERYTHING and start over. I was l...
by sschullo
Sun Jun 04, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 78
Views: 6940

Re: Teachers: what are your best personal finance tips?

@sshullo, thanks for the comprehensive summary of all these other sources of information. But with this massive amount of info, why is it still a struggle? After all, TIAA-CREF has been around since the 1950's and higher education places have used TIAA-CREF for ages and ages. I've been a participan...
by sschullo
Sun Jun 04, 2017 9:11 am
Forum: Investing - Help with Personal Investments
Topic: I hit my first $100k today in my 401k!!
Replies: 34
Views: 4218

Re: I hit my first $100k today in my 401k!!

Congrats! Thanks for posting. I think its important to literally celebrate intermediate milestones on your way to FI. If you started from nothing, like many of us here did, than $100,000 is HUGE! I remember when I had saved $500.00 in bonds when I was in the military, back in the 60s. Here are other...
by sschullo
Sun Jun 04, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 78
Views: 6940

Re: Teachers: what are your best personal finance tips?

Welcome to the struggle. Some of us public k-12 teachers have written books, and have started websites. You know one of the most common cliche's in our profession when constructing lessons is to not reinvent the wheel. Below is a list of all that has been done, the websites, books, and almost 30 new...
by sschullo
Sat Jun 03, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Convert Portfolio from 70/30 to 30/70 Gradually or All at Once?
Replies: 44
Views: 2353

Re: Convert Portfolio from 70/30 to 30/70 Gradually or All at Once?

How close are you to needing the money? I am 69, retired for 9 years, and have had a 30/70 AA for a decade. Are you getting more anxious about losing money? A huge change you are asking in your AA is a major change in your current plan, so it sounds like you are. And do you understand that whatever ...
by sschullo
Wed May 31, 2017 5:56 pm
Forum: Local Chapters and Bogleheads Community
Topic: Amazon Smile: John C Bogle Center
Replies: 22
Views: 3464

Re: Amazon Smile: John C Bogle Center

Thanks for pointing this very important fundraiser feature. It still takes good ole fashion money, resources, volunteers' skills and talents to PR the Boglehead Way to more and more people.
by sschullo
Thu May 25, 2017 7:26 am
Forum: Investing - Theory, News & General
Topic: Are all markets efficient?
Replies: 28
Views: 1606

Re: Are all markets efficient?

I look at it this way: If the market isn't efficient, then stock prices are either higher or lower than the current trading price. All we can say with certainty is that small cap company stocks probably vary more from the current price than large cap. OK, so what is the price if the market is not e...
by sschullo
Wed May 24, 2017 7:53 am
Forum: Investing - Theory, News & General
Topic: Are all markets efficient?
Replies: 28
Views: 1606

Re: Are all markets efficient?

I look at it this way: If the market isn't efficient, then stock prices are either higher or lower than the current trading price. All we can say with certainty is that small cap company stocks probably vary more from the current price than large cap. OK, so what is the price if the market is not ef...
by sschullo
Wed May 24, 2017 7:42 am
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 107
Views: 13617

Re: i am my own "guy," but not sure I should advertise that

Good Grief! The annuity sales and brokers are laughing all the way to the bank, by us NOT talking about what we do here! Of course, I only talk about it if the subject comes up. Just the other day, a friend said that he is making a "killing in oil and gas." I simply said that I don't specu...
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: 4226

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: 4226

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: 6618

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: 3076

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: 1880

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: 12076

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: 18599

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: 4043

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: 6910

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: 15867

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: 15867

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: 570

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: 15867

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: 5070

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: 20449

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: 10228

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: 10228

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: 295

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: 37673

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: 693

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: 97
Views: 11802

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: 1734

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: 37673

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: 15867

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...

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