Search found 2309 matches

by sschullo
Sat May 19, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 56
Views: 6287

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

I invest 70% of my portfolio in bonds, not because of returns, but because of balance. Buffett doesn't have to worry about balancing his portfolio (are you kidding?!). He is in a different universe. And what he says is great for him, and he is correct for him. As a mere mortal and a nobody, I have a...
by sschullo
Mon May 14, 2018 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Should I decrease my international exposure?
Replies: 8
Views: 872

Re: Should I decrease my international exposure?

The question is why you want to change your well thought out portfolio now?
Past data says that if you do you will get a higher return from one versus the other?
I save myself a lot of headaches, and heartaches by owning them both, and be done with it.
by sschullo
Mon Apr 30, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle a request for money from a niece?
Replies: 89
Views: 6746

Re: How would you handle a request for money from a niece?

You have so much going on with caring for your mother, and all of this additional stress is over $100? Seriously? There is a lot more to this and you probably are not aware of. Say no. I am just not sitting comfortably here telling you what to do. I said no to a grand nephew who asked for $2000 doll...
by sschullo
Sat Apr 28, 2018 8:34 pm
Forum: Personal Consumer Issues
Topic: Which literary magazine do you read?
Replies: 12
Views: 729

Re: Which literary magazine do you read?

The Sun. https://www.thesunmagazine.org An ad-free magazine of writers (and photographers) supported by its readers. Sun's tag line: personal, political, provocative. Well written, carefully edited short stories, poetry, essays, interviews and tasty morsels, loosely related by a theme each issue. I...
by sschullo
Mon Apr 23, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 219
Views: 34292

Re: How to Minimize Your Emergency Care Expenses

... 1. I live in Rancho Mirage, CA, a city that will pay for ambulance service for all citizens . But I don't need them because my HMO covers it as well. ... The bolded is not exactly correct. According to the city's website, they bill your insurance ("Medicare and other health-care insurance provi...
by sschullo
Tue Apr 17, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 219
Views: 34292

Re: How to Minimize Your Emergency Care Expenses

... 1. I live in Rancho Mirage, CA, a city that will pay for ambulance service for all citizens . But I don't need them because my HMO covers it as well. ... The bolded is not exactly correct. According to the city's website, they bill your insurance ("Medicare and other health-care insurance provi...
by sschullo
Sat Apr 14, 2018 7:16 am
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 251
Views: 35991

Re: Is there a such thing as a blue collar Boglehead?

In my experience, blue-collar and even middle-class perspectives are not often welcomed on this site. The assumption from many posters seems to be that anyone who is smart and hard-working should be wealthy, and those who are not wealthy are lacking something. How so? I've never felt that, but mayb...
by sschullo
Tue Apr 10, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5593

Re: Retirees: Who's increasing their equities as they age?

Nope, sticking with my 30/70 plan like I have since 2007 when I was a youngster at 59 when I suffered a 70% loss during the tech crash when I had about 98% in tech stocks. That loss really affected me in more good ways than negative.
by sschullo
Mon Apr 09, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Too many funds in retirement accounts
Replies: 12
Views: 1168

Re: Too many funds in retirement accounts

This IS a HUGE MESS with 37 individual stocks with an assortment of iShares and brokerage house funds. And not only that, your family member says that selling any of the 39% of the portfolio now devoted to individual stocks is a "nonstarter," I think you are dealing with a gambler. This is boglehead...
by sschullo
Thu Apr 05, 2018 6:53 am
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 219
Views: 34292

Re: How to Minimize Your Emergency Care Expenses

I am extremely lucky to have two health care plans, the VA and from work in retirement for life. I skipped over your post realizing once again, how lucky I do not have to use the complicated information you provide and take two or three hours of my time trying to understand it: Plus 1. I live in Ra...
by sschullo
Wed Apr 04, 2018 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Advisor fees? Am I paying too much?
Replies: 54
Views: 4074

Re: Financial Advisor fees? Am I paying too much?

Decide for yourself if 1.55% adviser costs are too much by looking at this simple table I created. The green column is my cost with all of my money in Vanguard and TIAA. While I don't have a 1.55% column you can estimate what your cost is per year, and then multiply the annual costs for as many year...
by sschullo
Wed Apr 04, 2018 8:46 pm
Forum: Investing - Theory, News & General
Topic: The "American companies I invest in already have international exposure" argument --- valid or not?
Replies: 139
Views: 10597

Re: The "American companies I invest in already have international exposure" argument --- valid or not?

I read JL Collins book and wrote a five-star review on Amazon. I remember thinking about the no international exposure and simply ignored his advice, as he keeped referring to Jack B throughout the book, which was a huge plus for me. I invest in all possible asset classes which are broadly diversifi...
by sschullo
Wed Apr 04, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 219
Views: 34292

Re: How to Minimize Your Emergency Care Expenses

I am extremely lucky to have two health care plans, the VA and from work in retirement for life. I skipped over your post realizing once again, how lucky I do not have to use the complicated information you provide and take two or three hours of my time trying to understand it: Plus 1. I live in Ran...
by sschullo
Wed Apr 04, 2018 7:33 pm
Forum: Investing - Theory, News & General
Topic: Has anyone changed their AA/IPS/investing strategy recently?
Replies: 25
Views: 1924

Re: Has anyone changed their AA/IPS/investing strategy recently?

Nope, my 30/70 AA stock-bond split has been good to me for over a decade.
by sschullo
Fri Mar 30, 2018 7:16 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 18661

Re: A lot of heavy hitters this morning

I'm an old retired guy who long ago stopped worrying about how much income I have relative to others. But I will say that I'm often amazed by some of the incomes relatively young people (say, in their 30s and 40s) are earning these days if BH posts are to be believed (and I gave no reason to disbel...
by sschullo
Fri Mar 30, 2018 10:26 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1821
Views: 329358

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

-.75% for a 33%/67% portfolio.
by sschullo
Thu Mar 29, 2018 9:47 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 9340

Re: What is the endgame for Millennials?

I am surprised this thread has not been locked. It is pointless to predict the future of stock prices as it is to predict what will happen to any generation. It's all guesswork, except for a few pointers that just about everyone who reads this forum regularly already knows. Get an education, work ha...
by sschullo
Thu Mar 29, 2018 2:09 pm
Forum: Personal Consumer Issues
Topic: Anyone Deleting Facebook?
Replies: 329
Views: 22602

Re: Anyone Deleting Facebook?

Nope. I use FB to spread the financial word to my teacher colleagues about the great Boglehead discussions here and what St. Jack is doing. I know Kathy Ryan, Rick Ferri, Mel and Adrian have posted on FB too. This forum has to diversify (remember that word) to get the word in front of people who wil...
by sschullo
Thu Mar 29, 2018 1:16 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 301
Views: 29152

Re: Post your Financial Milestone Announcements Here

Just wanted to send you a personal note of congratulations on your milestone! Way to go on keeping your expenses so low! :D I hope to be in your position in the future earning six figures on my investments and reaping the rewards of good decision making from years past. :beer As a side note, this i...
by sschullo
Thu Mar 29, 2018 11:46 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 301
Views: 29152

Re: Post your Financial Milestone Announcements Here

Hi Bogleheads, It just occurred to me that I have a milestone! It’s about my income rather than my portfolio amount. Last year, 2017, for the first time in my 70 years, I reached an annual gross income level of $200,000+! Most people will never earn $200,000 per year, I never came close. And this in...
by sschullo
Wed Mar 28, 2018 7:23 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 18661

Re: A lot of heavy hitters this morning

I learned a long time ago not to compare. There are highly elite talented people everywhere and then there is just me, an uncomplicated farm kid who did pretty good in the big city starting with nothing and with no talents for anything. I was very shy and afraid of my own shadow as a young man. Not ...
by sschullo
Tue Mar 27, 2018 10:00 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1821
Views: 329358

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

Beardstown Ladies called this morning before the open to let me know YTD the value of my portfolio is UP a bit over 20%. I feel incredibly fortunate to have had these results so within a couple years of my retirement. Just a lucky dog. You will need at least 80/20 to get 20%. If you have 60/40 mix,...
by sschullo
Tue Mar 27, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Lowest fees for 403(b) for Texas Teacher
Replies: 19
Views: 1166

Re: Lowest fees for 403(b) for Texas Teacher

I know this is a pain in the butt, but you really have to look closely at each plan's fund options. Sometimes hidden among a slew of high expense funds is a sole low expense index fund. Some of the plans may offer good stable value funds that can serve as the bond portion of your portfolio. Could a...
by sschullo
Mon Mar 19, 2018 7:07 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey spends two segments on his investing advice
Replies: 84
Views: 13327

Re: Dave Ramsey spends two segments on his investing advice

Tamalak wrote:
Sun Aug 13, 2017 9:30 am
It's always been my policy that if your net worth is below zero, listen to Dave Ramsey, and if it's above zero, listen to Bogleheads.
He is only good at getting you out of debt and staying out.
by sschullo
Sat Mar 10, 2018 2:23 pm
Forum: Investing - Theory, News & General
Topic: Boglehead-approved personal finance podcasts?
Replies: 27
Views: 3776

Re: Boglehead-approved personal finance podcasts?

JEC wrote:
Sat Mar 10, 2018 9:06 am
The Mad Fientiest
I like him too, but I have not heard him ever make a reference to Vanguard or Mr. Bogle.
by sschullo
Sat Feb 24, 2018 11:05 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 301
Views: 29152

Re: Two Comma Club

So with the recent correction, did you join the club, leave it, and then join it again? That was me. I was in the club for about 48 hours. I was in the club first in November 1999 and lasted almost a year in the club until the tech bubble popped! I did not rejoin the club until about five years lat...
by sschullo
Wed Feb 21, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Adviser said I made a big mistake switching 403b to Aspire??
Replies: 19
Views: 1652

Re: Adviser said I made a big mistake switching 403b to Aspire??

25 years ago when I was learning about using no-load mutual funds for my 403(b), I asked my insurance agent about that. She barked back loudly, "I never recommend mutual funds!" When I asked why, she said that "Mutual funds are too risky for teachers." That's what she said: I KID YOU NOT! Can you b...
by sschullo
Tue Feb 20, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Adviser said I made a big mistake switching 403b to Aspire??
Replies: 19
Views: 1652

Re: Adviser said I made a big mistake switching 403b to Aspire??

25 years ago when I was learning about using no-load mutual funds for my 403(b), I asked my insurance agent about that. She barked back loudly, "I never recommend mutual funds!" When I asked why, she said that "Mutual funds are too risky for teachers." That's what she said: I KID YOU NOT! Can you be...
by sschullo
Mon Feb 19, 2018 9:42 am
Forum: Investing - Theory, News & General
Topic: Is it "cute" to invest in sector funds?
Replies: 46
Views: 4201

Re: Is it "cute" to invest in sector funds?

if you think "cuteness" is watching and experiencing the "shock and awe" an initial investment of $400,000 and subsequent 403b contributions 100% into technology sectors and raise up to $1.5 million in five years with the last four months raising a half million all at once and then watching it colla...
by sschullo
Tue Feb 13, 2018 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody else Age - 10 in bonds, rest in stocks
Replies: 127
Views: 12527

Re: Anybody else Age - 10 in bonds, rest in stocks

Age 70
33/67 stock/bonds. Very conservative for over a decade and very happy with the results.
by sschullo
Tue Feb 13, 2018 6:46 am
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 12015

Re: Did you learn anything from the market correction?

Nothing new. We forget that two years ago, the market had its worst start of a new year performance in stock market history! Remember the talking heads! OMG! Armageddon has finally arrived they were proclaiming. Yet, my portfolio gained 6.0% in 2016 and 2017 9.0%, only because the market increased. ...
by sschullo
Tue Feb 13, 2018 6:37 am
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 17994

Re: For BHs who actually like cars - [what car do you drive every day?]

My Tesla Model S. Considering going totally sporty with the new Telsa's 2020 Roadster: https://www.netcarshow.com/tesla/2020-roadster/ I love the future!
by sschullo
Thu Jan 11, 2018 9:35 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 301
Views: 29152

Re: Post your Financial Milestone Announcements Here

Hi Alex, Not sure if this counts as a milestone here, but it sure does with me. 2017 is the first time that I grossed over $200,000 combined income (since the tech bubble over $400,000 in 1999 which is worthless cause I lost it all) counting portfolio returns, pension, SS, and VA compensation income...
by sschullo
Thu Dec 14, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 92
Views: 12049

Re: 2018 financial goals - what are yours?

Mine too exactly. Here is my absolutely BORING portfolio AA as a 70-year-old retired k12 LAUSD teacher: [graph] Did I mention the 7.5% return on this portfolio YTD! Why so many funds? I titled towards value and mid and small cap, that's why I have Wellesley and extended market. I have my Roth in th...
by sschullo
Tue Dec 12, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Play money individual stocks, which ones?
Replies: 49
Views: 3396

Re: Play money individual stocks, which ones?

Admiral wrote:
Tue Dec 12, 2017 9:33 am
None. I use my play money for vacations. :beer
Yep! I do too. Vacations and supporting worthy causes is the type of "play" that's meaningful! I will NEVER EVER own individual stocks.
by sschullo
Mon Dec 11, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 92
Views: 12049

Re: 2018 financial goals - what are yours?

Retired, conservative investor, no debt. As long as we beat inflation we're good, that's the goal. Mine too exactly. Here is my absolutely BORING portfolio AA as a 70-year-old retired k12 LAUSD teacher: https://s19.postimg.org/uyb1gl92b/2017_Q2_Asset_Allocation.png Did I mention the 7.5% return on ...
by sschullo
Tue Dec 05, 2017 8:59 am
Forum: Personal Consumer Issues
Topic: selling an older car on eBay-no bites!
Replies: 65
Views: 5191

Re: selling an older car on eBay-no bites!

Sandtrap wrote:
Mon Dec 04, 2017 6:25 pm
Craig's List.
Sold a 15 year Lexus in 2 days, hands down and got my price. Also sold a used Asian carpet and a watch.
by sschullo
Mon Dec 04, 2017 9:13 am
Forum: Personal Consumer Issues
Topic: Growing Number of Electric Vehicles
Replies: 112
Views: 9385

Re: Growing Number of Electric Vehicles

As individuals, we can install solar panels. May not stop outages but we cannot wait for somebody else to solve this potential problem, if this is really a potential problem. I like to think I am doing my part. One issue that is largely dismissed is the great people in the country who are opening up...
by sschullo
Sat Nov 18, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 91
Views: 5634

Re: Do you include the sale of your home as part of your retirement planning?

Hell YES! At retirement as it turned out, the sale of our primary house and a vacation rental resulted in not only paying cash for a very nice retirement home in Palm Springs area, but increased our portfolio with the proceeds about 40%. No lucrative salaries, because we were public school teachers,...
by sschullo
Sat Nov 18, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 162
Views: 20354

Re: Is holding bonds now dangerous?

Dangerous? This topic of a bond bull market Armageddon has been discussed here and on the financial media for years now. I have 68% bond portfolio. If all of the negative prognosticators come true, I would lose value in my portfolio, of course. However, I have A or better rated and have intermediate...
by sschullo
Wed Nov 15, 2017 12:07 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3531
Views: 1003572

Re: What Movie Have You Recently Watched?

Blade Runner this afternoon. I agree with the 'way too long' comment, all scenes are drawn out and just last forever. Aside from that, I thought it was well done, the storyline did seem fairly coherent to me, and er, yeah, the bad guys were quite clearly identified (what is it with American movies ...
by sschullo
Mon Nov 13, 2017 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 39
Views: 3291

Re: What might you ask In-laws' FA?

An older aunt invited me in with her FA once. She was 80 and worth about 40 mil. Her FA at Merrill Lynch was an old fellow that she spoke highly of. They had been together for a long long time. I met the fellow. Smiled. Acted courteous. That was it. Her relationship with her FA was stronger than he...
by sschullo
Mon Nov 13, 2017 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 39
Views: 3291

Re: What might you ask In-laws' FA?

This is very interesting. You need to find out their motive for asking you. This is a touchy situation as you have already read from the other posters. After all of these years, I would ask them has anything changed that they now want you to go with them? Have they read something or another friend o...
by sschullo
Mon Nov 13, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Where to start investing?
Replies: 15
Views: 1072

Re: Where to start investing?

Also: If You Can: How Millennials Can Get Rich Slowly by Bernstein https://www.amazon.com/If-You-Can-Millennials-Slowly/dp/098878033X/ref=sr_1_4?ie=UTF8&qid=1510543577&sr=8-4&keywords=bernstein+investing My sons call it the "egg book". j :D You got a lot to read, all great stuff: Here is my Amazon ...
by sschullo
Sat Nov 11, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 21344

Re: Why NOT make more money?

Disclaimer, I'm not retired yet. Retire when you can comfortably do so if you have other things you want to pursue that do not align with continuing to work. To put things in perspective, here's an anecdote: This week, a former coworker passed away. He tried to retire a couple years ago, but was co...
by sschullo
Fri Nov 03, 2017 9:38 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 175
Views: 24200

Re: Vanguard 403b Changes

Newport does not accept contributions via ACH. They will have to be mailed in just like it was done with Vanguard :( Where did you get that information about Newport from? My contribution goes into my Vanguard account within 3 days after I get my pay-stub and I don't think that happens if it was ma...
by sschullo
Thu Nov 02, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Transferring Voya 403b to another Annuity.
Replies: 12
Views: 1066

Re: Transferring Voya 403b to another Annuity.

Yes, he definitely told us that. I thought maybe I was wrong, but I just asked my wife and she said the same thing. I am glad that I joined this site. Thanks. 403b sales people are very good with their self-interests because there are not enough people like you to come here and get a 2nd opinion. T...
by sschullo
Wed Nov 01, 2017 9:43 am
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 385
Views: 30262

Re: Iphone X is $1000

By "sold out," I'm pretty sure the poster meant the phones that were guaranteed to arrive on launch day. In other words, if you order now, Apple is saying you shouldn't expect it to ship for 5-6 weeks. Apple reportedly has 2-3 million on hand, and those "sold out" within minutes. Apple always plays...