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by sschullo
Fri May 27, 2016 6:57 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1556
Views: 351233

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: 48
Views: 4153

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: 94
Views: 2979

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: 1556
Views: 351233

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
Mon May 09, 2016 9:03 am
Forum: Investing - Help with Personal Investments
Topic: 403b provider choices
Replies: 54
Views: 3012

Re: 403b provider choices

Sorry, I have not been on the computer all weekend. Just to clarify, yes I meant the early surrender fees that AXA had. From what I recall there would be diminishing surrender fees for 10 or 12 years. American funds did not have any surrender fees but I was not allowed to transfer the money to Vang...
by sschullo
Sun May 08, 2016 7:15 am
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY BIRTHDAY, MR. BOGLE! May 8, 2016
Replies: 52
Views: 3184

Re: Happy Birthday Mr. Bogle! May 8, 2016

Happy Birthday Jack,

Maybe we can have another phone chat on Bob Brinker's Money Talk show again.

Steve
by sschullo
Fri May 06, 2016 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: 403b provider choices
Replies: 54
Views: 3012

Re: 403b provider choices

Not offering Fidelity or Vanguard is either the district being cheap and not wanting to pay the small per account fee, or they are incompetent and are not aware of the fees. It is a shame "educated" people would be either. Vanguard and Fidelity doesn't want to pay the expenses of sharing ...
by sschullo
Fri May 06, 2016 9:59 am
Forum: Investing - Help with Personal Investments
Topic: 403b provider choices
Replies: 54
Views: 3012

Re: 403b provider choices

The new 2007 IRS 403b regs allows transfers inside the same plan. Steve, do you know if this is a "must allow" or "can allow" provision? I have not heard of a participate who was refused, so it is probably a must allow. These new rules are very similar to the rules that have bee...
by sschullo
Fri May 06, 2016 9:36 am
Forum: Investing - Help with Personal Investments
Topic: 403b provider choices
Replies: 54
Views: 3012

Re: 403b provider choices

It was NOT an easy process moving my funds from AXA and MetLife to Security Benefits. It actually took a couple months to get all the paper work filled out. So, you are saying you moved 403b money from old vendors to a new vendor inside the same plan. I think people have reported that is not possib...
by sschullo
Thu May 05, 2016 2:41 pm
Forum: Investing - Theory, News & General
Topic: [POLL] Learning to invest
Replies: 55
Views: 5517

Re: [POLL] Learning to invest

Your list should allow multiple answers. For me, it was at least two drivers: a friend talking about it / sharing insights about portfolio strategies and an extra bonus at work that pushed my cash cushion to 5 months' salaries, leaving me with the question of what the heck to do with this growing e...
by sschullo
Thu May 05, 2016 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: 403b provider choices
Replies: 54
Views: 3012

Re: 403b provider choices

I talked with our district's Security Benefit representative last week and asked him if he knew anything about the Direct Invest option. He said that he had just recently heard of it and that I was the first person to ask him about it. He knew very little about it, but was interested in learning mo...
by sschullo
Thu May 05, 2016 10:26 am
Forum: Investing - Help with Personal Investments
Topic: 403b provider choices
Replies: 54
Views: 3012

Re: 403b provider choices

My wife's school district just opened up a 403b plan through OMNI. Can you help me figure out who the best provider is? I wish they had Vanguard, but they do not and will not add them. Thanks! American Fidelity Assurance Co. Ameriprise Financial Services, Inc. AXA Equitable Life Insurance Company C...
by sschullo
Thu May 05, 2016 10:22 am
Forum: Investing - Help with Personal Investments
Topic: 403b provider choices
Replies: 54
Views: 3012

Re: 403b provider choices

I talked with our district's Security Benefit representative last week and asked him if he knew anything about the Direct Invest option. He said that he had just recently heard of it and that I was the first person to ask him about it. He knew very little about it, but was interested in learning mo...
by sschullo
Thu May 05, 2016 10:10 am
Forum: Investing - Theory, News & General
Topic: [POLL] Learning to invest
Replies: 55
Views: 5517

Re: [POLL] Learning to invest

I had a 401k at an employer to which they contributed whether the employee did or not. Others would talk about the lousy choices we had and worked (successfully!) to move it to Vanguard. I listened and eventually started participating with them. They were my mentors. My parents invested but I didn'...
by sschullo
Thu May 05, 2016 9:28 am
Forum: Investing - Theory, News & General
Topic: Classic Bernstein 2 — Choosing Portfolio Bond Duration
Replies: 41
Views: 5263

Re: Classic Bernstein 2 — Choosing Portfolio Bond Duration

Based on this, why are most Bogleheads in the Total Bond Index instead of the Intermediate Bond Index? In addition to the reasons listed by others, could another reason be that the Intermediate Bond Index has a longer duration (6.5 vs. 5.7) which may be worrisome if rates go up? I like the diversif...
by sschullo
Thu May 05, 2016 9:21 am
Forum: Investing - Theory, News & General
Topic: [POLL] Learning to invest
Replies: 55
Views: 5517

Re: [POLL] Learning to invest

Six years ago, I posted this poll.
If the survey still works and you had not responded, please do. It is interesting that only one Boglehead got interested in investing from their fee-only adviser's encouragement (the comment is in the reply section, not on the survey itself).
Thanks,
Steve
by sschullo
Wed May 04, 2016 7:05 pm
Forum: Investing - Theory, News & General
Topic: How many funds in your portfolio?
Replies: 99
Views: 6444

Re: How many funds in your portfolio?

Eight

    Vanguard Wellesley® Income Admiral™
    Vanguard Total Intl Bd Idx Admiral™
    Vanguard Total Bond Market Index Adm
    Vanguard Total Stock Market ETF
    Vanguard Total Intl Stock Index Admiral
    Vanguard Extended Market Idx Adm

    Vanguard Prime Money Market Investor
    Treasury Direct iBond
by sschullo
Sun May 01, 2016 10:46 am
Forum: Investing - Theory, News & General
Topic: Classic Bernstein 1 — Asset Allocation and Time Horizon
Replies: 46
Views: 5752

Re: Classic Bernstein — Asset Allocation and Time Horizon

Jim, I don't find Bernstein's Retirement Calculator From Hell example convincing, for a few reasons. First, in the event of global catastrophe -- deranged South Asian dictator, 1962 crisis, etc. -- your portfolio does not matter as you will not be present to experience the unfortunate failure of th...
by sschullo
Sun Apr 24, 2016 8:06 am
Forum: Investing - Theory, News & General
Topic: Do you think this is a bad time to enter the market? With the dow at 18,000
Replies: 89
Views: 8000

Re: Do you think this is a bad time to enter the market? With the dow at 18,000

I got scared in 08 and sold the total market. After 1800 posts, its clear you have not learned much here. That's fine, the investing process is difficult for many people. My emotions might have a strong hold on me but to say I have not learned much here that would not be true. I feel that I have le...
by sschullo
Sat Apr 23, 2016 11:51 am
Forum: Investing - Theory, News & General
Topic: Do you think this is a bad time to enter the market? With the dow at 18,000
Replies: 89
Views: 8000

Re: Do you think this is a bad time to enter the market? With the dow at 18,000

I got scared in 08 and sold the total market. Given that, and the fact that you are obviously still anxious about the market, you may not have the temperament to invest in the stock market. Yet for some reason you feel compelled that you should invest in it. My sense is that you are risk averse, an...
by sschullo
Wed Apr 20, 2016 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Do morning star ratings matter?
Replies: 6
Views: 479

Re: Do morning star ratings matter?

many previous discussions: https://www.google.com/search?sitesearch=bogleheads.org&q=M*+ratings

IMO, all of the ratings agencies are a cruel joke. Remember the AAA ratings on absolutely useless "investments" during 2008?
by sschullo
Wed Apr 20, 2016 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: How Did You File Your Income Taxes for 2015?
Replies: 101
Views: 4797

Re: How Did You File Your Income Taxes for 2015?

BTW Turbo Tax since it was available Tried Turbo tax in the late 90s, horrible program, abandoned it. Since my spouse died last fall who did the taxes by hand, I used turbo tax. Loved it. Greatly improved program especially the part of transferring capital gains and dividends from Vanguard to TT. E...
by sschullo
Sun Apr 10, 2016 9:27 am
Forum: Investing - Theory, News & General
Topic: DOL fiduciary rule, will anything change?
Replies: 15
Views: 1510

Re: DOL fiduciary rule, will anything change?

The new rule is a small step in the right direction for 401k world. Unfortunately in the 403(b) with public K-12 school districts, absolutely nothing will change. Insurance industry, with powerful support from their states insurance commissioner's office, can and will sell 22-year-old teachers fixed...
by sschullo
Sat Apr 09, 2016 5:01 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1556
Views: 351233

Re: What Book Are You Currently Reading? Part VI

Just finished Steve Martin's autobiography: Born Standing Up. A well written, easy read, account of his life who self-described himself with no talents, except persistence, and learned everything from experience and other comedians. http://www.amazon.com/Born-Standing-Up-Comics-Life/dp/1416553657/re...
by sschullo
Mon Apr 04, 2016 7:09 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 anyone?
Replies: 279
Views: 18731

Re: Tesla Model 3 anyone?

My entire power bill is $30 per month from the most expensive power company in America, Edison. $30 includes house needs, swimming pool, AC in the hot desert heat, and two 100% electric cars. And how much did the electric cars and the solar panels cost you? Ah, the article explains it. Looks like y...
by sschullo
Mon Apr 04, 2016 8:32 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 anyone?
Replies: 279
Views: 18731

Re: Tesla Model 3 anyone?

Anyone thinking of putting in $1000 to reserve a spot this Mar 31st? No, but I am a huge fan of Tesla and its founder. Besides I already have the Model S and the Nissan Leaf. There is more to owning this car than just gas savings: No gas, dirty oil changes, complicated and expensive maintenance (ex...
by sschullo
Mon Apr 04, 2016 8:09 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 anyone?
Replies: 279
Views: 18731

Re: Tesla Model 3 anyone?

Anyone thinking of putting in $1000 to reserve a spot this Mar 31st? No, but I am a huge fan of Tesla and its founder. Besides I already have the Model S and the Nissan Leaf. There is more to owning this car than just gas savings: No gas, dirty oil changes, complicated and expensive maintenance (ex...
by sschullo
Sat Apr 02, 2016 1:09 pm
Forum: Investing - Theory, News & General
Topic: Things I'm Pretty Sure About
Replies: 22
Views: 4280

Re: Things I'm Pretty Sure About

Sorry, I need to disagree here. I have to say that I did enjoy a few of the observations here, but these two statements drew me to a full stop. If investing were easy, everyone would be successful. And if everyone were successful, there would be no more opportunity to exploit. So it's never going t...
by sschullo
Sat Mar 26, 2016 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: What fidelity funds should I choose?
Replies: 16
Views: 1507

Re: What fidelity funds should I choose?

William4u wrote:
sschullo wrote:Spartan Index funds.


I use these funds. IMHO, they are the only things worth investing in at Fidelity.


Ditto!
by sschullo
Sat Mar 26, 2016 9:44 am
Forum: Investing - Help with Personal Investments
Topic: What fidelity funds should I choose?
Replies: 16
Views: 1507

Re: What fidelity funds should I choose?

Spartan Index funds.
by sschullo
Sat Mar 26, 2016 9:41 am
Forum: Investing - Theory, News & General
Topic: Meeting to improve 403b with our plan administrator
Replies: 23
Views: 2346

Re: Meeting to improve 403b with our plan administrator

Just an update: We seem to be moving in the right direction but I'm not sure as the fund choices are to be determined. I know that feeling. Ten years ago, the same issue happened. Yeah, we were headed in the right direction too, away from annuities into mutual funds. But the problem was most of the...
by sschullo
Fri Mar 25, 2016 8:36 pm
Forum: Personal Consumer Issues
Topic: What passive things you do beside investing??
Replies: 44
Views: 3853

Re: What passive things you do beside investing??

1. keeping the same, used, economical, non muscle cars for years. 2. solar panels with two electric cars. $35 per month for all power needs and practically no maintenance for the cars. 3. refrain from buying excessive and expensive crap. 4. wear shorts and t-shirts almost every day throughout the y...
by sschullo
Fri Mar 25, 2016 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Total newbie, late starter, freaking out a little ...
Replies: 13
Views: 1794

Re: Total newbie, late starter, freaking out a little ...

Galt wrote: "I’m sort of thinking of the Boglehead suggested plan: U.S. total stock market index fund, An international total stock market index fund, a U.S. total bond market index fund. I like simplicity." Late Starter! At 48 you are a young man. I did not learn Taylor's simple 3-fund st...
by sschullo
Fri Mar 25, 2016 8:27 pm
Forum: Personal Consumer Issues
Topic: What passive things you do beside investing??
Replies: 44
Views: 3853

Re: What passive things you do beside investing??

1. keeping the same car for years. 2. solar panels with two electric cars. $35 per month for all power needs and practically no maintenance for the cars. 3. refrain from buying excessive and expensive crap. 4. wear shorts and t-shirts almost every day throughout the year. Just don't trade much with ...
by sschullo
Wed Mar 16, 2016 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) Options for Teachers
Replies: 18
Views: 1287

Re: 403(b) Options for Teachers

My wife is also a teacher (in Indiana). Just wanted to recommend taking a minute to check the valic options. Her 403b plan allows for self directed investing and while a lot of the fund options are expensive, hers also has a couple good options including several with vanguard funds. We have hers in...
by sschullo
Mon Mar 14, 2016 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Help with lousy 401K choices
Replies: 6
Views: 591

Re: Help with lousy 401K choices

I agree that before doing anything you need to verify (from your plan info, not from the public internet) that these are your expense ratios... Ditto. The internet quotes are for retail investors. Within many tax deferred, employer-sponsored retirement plans, the costs could be lower. Talk to the T...
by sschullo
Sun Mar 13, 2016 8:29 pm
Forum: Investing - Theory, News & General
Topic: Late Starters
Replies: 61
Views: 5505

Re: Late Starters

Other threads that discussed late starters: Here is a poll: https://www.bogleheads.org/forum/viewtopic.php?t=141438 https://www.bogleheads.org/forum/viewtopic.php?t=164460 https://www.bogleheads.org/forum/viewtopic.php?t=115170 FWIW, My late spouse and I wrote a book, Late Bloomer Millionaires. Whil...
by sschullo
Mon Feb 22, 2016 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Mr Money Mustache Article (New Yorker)
Replies: 94
Views: 12581

Re: Mr Money Mustache Article (New Yorker)

I don't subscribe to his extreme life style, but I live frugally. His articles are damn close to just plain brilliant. I tweeted him if he had been approached about having a TV show and he said that he tried it but it took time away from his retirement. The guy is just one amazing writer to explain ...
by sschullo
Mon Feb 08, 2016 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 42
Views: 4400

Re: Great 403b for teachers?

Question regarding title of thread (Great 403b for teachers) I see a lot of comments about profession-specific investment advice, but I'm not sure how investment advice that is great for one profession would not be great for another profession. The investment "advice" for public k-12 prof...
by sschullo
Sat Jan 30, 2016 4:35 pm
Forum: Forum Issues and Administration
Topic: BOGLEHEADS.COM AND BOGLEHEADS.NET
Replies: 51
Views: 6306

Re: BOGLEHEADS.COM AND BOGLEHEADS.NET

This issue is common. When we had a legislation in CA to reform the states insurance code, the opposition bought up 403bwise.net and 403bwise.org, to drive traffic to the opposition. Of course, 403bwise.com was in support of the reform legislation. Lesson is to buy up all three domains: .org, .com a...
by sschullo
Thu Jan 21, 2016 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Failing "sleep well" test: Change AA or more Boglehead-therapy?
Replies: 63
Views: 5667

Re: Failing "sleep well" test: Change AA or more Boglehead-therapy?

BahamaMan wrote:
livesoft wrote:
SeeMoe wrote:I would take SS at 63 and invest it .

I found a place that gives about an 8% guaranteed return that I would invest 100% of my SS benefits in. Have you found something better?


+1 ............... :happy

+2 that 8% return will be mine in 1.5 years! :mrgreen:
by sschullo
Mon Jan 18, 2016 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Failing "sleep well" test: Change AA or more Boglehead-therapy?
Replies: 63
Views: 5667

Re: Failing "sleep well" test: Change AA or more Boglehead-therapy?

Of course, probably nobody loses sleep when the market keeps going up! :- ) If you are unable to heed the great suggestions offered (turn off TV, go on vacation, hire a fee only adviser from Garrett Planning Network or National Association of Personal Financial Advisers) to keep your emotions in che...
by sschullo
Sun Jan 03, 2016 9:42 pm
Forum: Investing - Theory, News & General
Topic: 2015 Asset Class Returns
Replies: 18
Views: 3187

Re: 2015 Asset Class Returns

Call_Me_Op wrote:Some of the numbers do not look right. For example, small-cap value looks way too bad and emerging markets way to good.


Yeah! I agree.
-32.86 would make it the worst performance on record, worse than 2008?
by sschullo
Wed Dec 30, 2015 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 42
Views: 4400

Re: Great 403b for teachers?

krow36, I would be very careful about entering into a agreement with any teacher's union sponsored 403(b). It certainly looks like you did your homework and those Vanguard fees and NEA Security Benefit fees look good. However, teacher's unions historically have done a terrible job. The only way you...
by sschullo
Wed Dec 30, 2015 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 42
Views: 4400

Re: Great 403b for teachers?

krow36, I would be very careful about entering into a agreement with any teacher's union sponsored 403(b). It certainly looks like you did your homework and those Vanguard fees and NEA Security Benefit fees look good. However, teacher's unions historically have done a terrible job. The only way you ...

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