Search found 2249 matches

by sschullo
Sat Oct 21, 2017 5:35 pm
Forum: Investing - Theory, News & General
Topic: 401k "only" up 13.5% YTD
Replies: 26
Views: 2395

Re: 401k "only" up 13.5% YTD

my 30 stock 70% bond allocation is up 7% YTD, and I am very happy 70-year-old camper! The primary goal of investing is to return enough to meet or beat inflation, pay taxes on distribution and investment costs. So far, 13.5% is great! The only factors under your control are investment costs, stock-b...
by sschullo
Mon Oct 16, 2017 6:53 am
Forum: Investing - Help with Personal Investments
Topic: Low cost 457 plans
Replies: 15
Views: 864

Re: Low cost 457 plans

This continues to be baffling. The gov. now requires most plans (401ks) to be qualifying plans subject to ERISA rules and the new fiduciary standards, but 403b and 457 state gov plans continue to be exempt from both, hence, the high costs. *Intended as a notation, but do not wish to get off topic. ...
by sschullo
Sun Oct 15, 2017 2:19 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 106
Views: 6164

Re: How does everyone keep track of your portfolio?

I have been using M* portfolio feature since 1994. All you have to do is create a free account, insert ticker and number of shares, and what you paid (not necessary but interesting). Has gazillion statistics, updates after the close of markets every day and is totally free. You can download the port...
by sschullo
Sun Oct 15, 2017 10:44 am
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7129

Re: How long for hedonic adaptation to set in?

OKAY, Victoria lets save this thread! One of my favorite MMM's pieces is on this very topic: http://www.mrmoneymustache.com/2011/10/22/what-is-hedonic-adaptation-and-how-can-it-turn-you-into-a-sukka/ And he wrote about the stoic book mentioned above: http://www.mrmoneymustache.com/2011/10/02/what-is...
by sschullo
Wed Oct 11, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 13796

Re: [Boglehead vs Mr Money Mustache philosophies]

Lastly, it's his thinking and life philosophy that I value. My goodness, he has a life philosophy that apparently millions of his viewers want to emulate, and I think most Bogleheads would like our friends and family to cut back on spending, reduce stress, learn to manage and invest their money, fe...
by sschullo
Wed Oct 11, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 13796

Re: [Boglehead vs Mr Money Mustache philosophies]

AND ONE MORE THING: HE DOES NOT HAVE ANY ADS ON HIS WEBSITE, just like here!!!!!! Seems odd for him to make $400K a year from the site without any ads doesn't it? These don't count? http://www.mrmoneymustache.com/mmm-recommends/ There are ads at the bottom of the page in both the blog and the forum...
by sschullo
Wed Oct 11, 2017 7:39 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1539
Views: 272420

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

6.6% YTD
Not bad for a boring 32%/68% allocation.
VG International is up 22%!
by sschullo
Mon Oct 09, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 13796

Re: [Boglehead vs Mr Money Mustache philosophies]

Not much different at all. My goodness, MMM single-handedly writes about the most boring subject of all time, frugal living and a healthy philosophy (creating a low cost indexed and diversified portfolio is almost as boring, for most people). When people cut back on their spending, then they can com...
by sschullo
Wed Oct 04, 2017 12:57 pm
Forum: Investing - Theory, News & General
Topic: Some Hand-Holding
Replies: 17
Views: 1216

Re: Some Hand-Holding

Now you have heard it! As several others have already said about your AA. Your AA 80/20 is way too aggressive even with somebody with nerves of steel. If you regret cutting back last year because this year market gains are so great, you have entered into what I call (because I experienced it myself)...
by sschullo
Fri Sep 29, 2017 2:35 pm
Forum: Investing - Theory, News & General
Topic: Why is this person wrong? Says beating the market is easy.
Replies: 30
Views: 3004

Re: Why is this person wrong? Says beating the market is easy.

There is one thing that could propel anybody to beat the market--LUCK--but even that's short term.
Luck works in many other areas of life too. I am lucky to be alive after a stage 2 cancer scare 17 years ago, and I could go on.
by sschullo
Fri Sep 29, 2017 9:18 am
Forum: Investing - Theory, News & General
Topic: Why is this person wrong? Says beating the market is easy.
Replies: 30
Views: 3004

Re: Why is this person wrong? Says beating the market is easy.

If beating the market is that easy for a pretty smart guy with a laptop, why aren't the huge firms with millions of dollars of computing power and a crack team of the top latest graduates from MIT, Harvard and CalTech doing it on a routine basis? EXACTLY!!!!! There are hundreds of highly elite mast...
by sschullo
Fri Sep 22, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8287

Re: Age you retired

61, nine years ago.
by sschullo
Wed Sep 20, 2017 6:38 pm
Forum: Forum Issues and Administration
Topic: Why so many 'negative' responses?
Replies: 20
Views: 1925

Re: Why so many 'negative' responses?

I have noticed a common trend. After someone posts a topic, most of the replies are usually very negative. I understand the point of discussing things is to consider other viewpoints and perhaps get a firmer understanding of the best practices, principles, and methods. I also understand that certai...
by sschullo
Tue Sep 19, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 12529

Re: Any "average Joe" here actually make out well with individual stocks?

When I was 26, I had 10,000 shares in a company that I got for $1 a share. It was my dad's company, so I did no research before acquiring the stock. When I was 27, the stock was featured in Money Magazine's cover article, "5 Hot Stocks for 1987!" (or something like that). The stock went to split ad...
by sschullo
Mon Sep 18, 2017 8:25 am
Forum: Investing - Theory, News & General
Topic: Good books for bond investing?
Replies: 16
Views: 1233

Re: Good books for bond investing?

I personally don't and I'm afraid even if I did, I would be unable to read it because of the the technical and boredom of such a book. What I do find interesting and helpful is going to You Tube and watching the videos from Vanguard on the subject of bonds. All of their videos are excellent and emb...
by sschullo
Sat Sep 16, 2017 1:33 pm
Forum: Personal Consumer Issues
Topic: Companies/Brands You Love?
Replies: 157
Views: 10120

Re: Companies/Brands You Love?

Surprised that no one has yet mentioned Vanguard. ETA: And since Vanguard is owned by its investors, doesn't that mean that, if you are Vanguard investor, you love yourself? I had a similar thought. I am not sure how I feel about Vanguard's significant growth of late (basis for a new thread) but wa...
by sschullo
Sat Sep 16, 2017 9:29 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 24266

Re: Name something you had to have and now you regret purchasing it?

Buying a house with a swimming pool. It's wonderful during the desert heat of summer, but only looks nice with the light on in the evenings during the remaining 9 months.
by sschullo
Sat Sep 16, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Mother-In-Law dying, Wife wants to buy a Porsche
Replies: 51
Views: 5176

Re: Mother-In-Law dying, Wife wants to buy a Porsche

I stopped reading after your wife said sweet ass Porsche. Anyone who equates happiness with material items will never be happy. In all due respect, I think she would be better served going to counseling. Good Luck! +2, 3, 4 and on! Wow! What a story OP! Your wife needs individual counseling and a b...
by sschullo
Wed Sep 13, 2017 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Investment advice for 58 year old.
Replies: 23
Views: 2039

Re: Investment advice for 58 year old.

I think you would benefit from some professional financial planning, including -investment philosophy and vehicles -Tax strategy -Gifting to your heirs -Estate planning if you haven't addressed this. You could find an independent fee-only financial planner in your area. Allan Roth has been mentione...
by sschullo
Tue Sep 12, 2017 11:35 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 18380

Re: Is it really Worth it to brown bag your lunch at work?

Yep, I did. and whenever I could, I rode the subway and buses to work.
I also never bought a new car, until I retired and could well afford a 100% electric car.
Nothing complex, just good ole fashion common sense.
by sschullo
Mon Sep 11, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Wellington/Wellesley diversification help
Replies: 18
Views: 2532

Re: Wellington/Wellesley diversification help

Coachrhino11 wrote:
Mon Sep 11, 2017 11:33 am
maj wrote:
Mon Sep 11, 2017 7:13 am
This quarter Vanguard will introduce Global Wellington Fund and Global Wellesley Fund.
Why not take a look at these when offered?
peace
Interesting, definitely take a look. Thanks
+2,
will also look into Global Wellesley Fund. Thanks!
by sschullo
Mon Sep 11, 2017 7:45 am
Forum: Investing - Theory, News & General
Topic: ownership of "small cap value" stocks
Replies: 50
Views: 3476

Re: ownership of "small cap value" stocks

Sounds like you are a passive strategy investor looking at actively managed funds. I own most of my equity allocation in the TSM index, International index, and small allocation tilt towards blended small and mid-caps with the extended market index. For value tilt, I use VG Wellesley for my Roth IRA...
by sschullo
Fri Sep 08, 2017 9:42 am
Forum: Personal Consumer Issues
Topic: Do I need an Amazon Echo??.....
Replies: 68
Views: 4916

Re: Do I need an Amazon Echo??.....

Echo does some amazing things. I show it off with friends. Examples of questions: Life's unpredictable. Let me help. Just ask, "Alexa, tell me a life hack." ________________________________________ • "Alexa, tell me a story." • "Alexa, what happened today in history?" • "Alexa, recommend a skill for...
by sschullo
Sun Sep 03, 2017 6:39 pm
Forum: Investing - Theory, News & General
Topic: Why can't the future of stocks be predicted
Replies: 61
Views: 3432

Re: Why can't the future of stocks be predicted

Just about all we know is that over time, stocks will grow. We don't know how much, how fast or slow, when a crash, correction, steady growth, or a bubble will occur. It's called uncertainty.
by sschullo
Sun Sep 03, 2017 8:48 am
Forum: Local Chapters and Bogleheads Community
Topic: Stan died [Long time forum lurker]
Replies: 38
Views: 6384

Re: Stan died [Long time forum lurker]

A salute to you too Timmy! What a tribute to your friend, and a tribute to you for being a great friend to Stan. I just had dinner with a WWII friend who is 92, still kicking and screaming, driving his car, living independently, flirting with the waitresses who are so young he could adopt them. He l...
by sschullo
Fri Sep 01, 2017 6:06 pm
Forum: Investing - Theory, News & General
Topic: Robert Kiyosaki - rich dad, poor dad
Replies: 45
Views: 4529

Re: Robert Kiyosaki - rich dad, poor dad

There is only one thing he does well, extremely well--sell books. Over 32 million and counting!
by sschullo
Sat Aug 19, 2017 11:53 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Los Angeles meetings
Replies: 145
Views: 15125

Re: Bogleheads Los Angeles meetings

I would attend future meetings if they were near a metro stop. Phillipes is two blocks away from Union Station, a major metro, and subway stop. Turn right as you exit US. Go down two blocks on Alameda, on the corner of Ord St and Alameda is Phillipes. Can't miss it. It has been there since the begi...
by sschullo
Fri Aug 18, 2017 6:02 am
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 16237

Re: Lost $7000 today in ONE DAY!

Welcome to the investing world! I remember when my portfolio went up or down that amounted in a year's public teachers salary in ONE DAY back in the tech mania of the late 90s. Yeah, anywhere from $40,000 to $70,000 in one day (repeated over several months in the late 90s and early 2000s) because I ...
by sschullo
Sat Aug 12, 2017 8:20 am
Forum: Investing - Theory, News & General
Topic: The Mathematics of Retirement Investing
Replies: 123
Views: 14691

Re: The Mathematics of Retirement Investing

If only taxable account is left, as per #Cruncher data (retirement income = current income-savings), assuming 25% tax bracket from $48,350 to $80k, this person would need to save 4.42% more of their monthly wages, correct? For a portfolio with 5.5% real vs 6.9%. For us Bogleheads, and for some of u...
by sschullo
Thu Aug 10, 2017 1:53 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Los Angeles meetings
Replies: 145
Views: 15125

Re: Bogleheads Los Angeles meetings

I was thinking September. I will be traveling to my niece's cabin near Josemite. I have to think about a different route. I want to come, but it will delay my travel plans. Who ever is in charge needs to get the time, and date set. There has been no ambiguity about the time and date. From the first...
by sschullo
Thu Aug 10, 2017 10:25 am
Forum: Personal Consumer Issues
Topic: MMM Lecture at the WD Summit [Mr. Money Mustache]
Replies: 58
Views: 7637

Re: MMM Lecture at the WD Summit [Mr. Money Mustache]

I like the guy and most of his thoughts, but let me be the first to say, riding a bike to work is not fun or does it provide anymore happiness than driving. Also, it is narrow minded to believe certain things provide the same amount of happiness to everyone. I see his point on many things, but I ca...
by sschullo
Thu Aug 10, 2017 8:45 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Los Angeles meetings
Replies: 145
Views: 15125

Re: Bogleheads Los Angeles meetings

So the 20th is set ? Who can I email as a main contact point Count me in. I want to see Joe M's Honda. Remember showing off your new Honda years ago at a previous Bogleheads meeting? Steve Rancho Mirage Steve, Your are going to be disappointed as I plan to take the Metro to Philippes. That Honda is...
by sschullo
Thu Aug 10, 2017 7:35 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Los Angeles meetings
Replies: 145
Views: 15125

Re: Bogleheads Los Angeles meetings

I can make it sunday next, the 20th. Now let's see if Petro can make it :D I will be there at 9AM on the 20th. There is a long table in the back, at least the last time I was there. I will have my Vanguard hat. Send Petro an email so he can come and bring his $5k watch so we can admire it. So the 2...
by sschullo
Wed Aug 09, 2017 10:03 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Los Angeles meetings
Replies: 145
Views: 15125

Re: Bogleheads Los Angeles meetings

If we have a meeting at Philippes, some of us could take the metro and not drive: http://www.philippes.com/ I am going to suggest again a meeting at Philippes on a Sunday morning at 9AM. The Red, Purple, and Gold Metro lines go to Union Station. It is only a three block walk to Philippes: https://w...
by sschullo
Mon Aug 07, 2017 4:44 pm
Forum: Personal Consumer Issues
Topic: NYT: Buy more takeout and hire a maid, study suggests
Replies: 36
Views: 6021

Re: NYT: Buy more takeout and hire a maid, study suggests

For one person, I go to Whole foods and get everything fresh, since I am mostly vegan. If I had to do yard work or housework, I would need therapy, in which case I would hire a therapist. So, I save money by hiring a maid, yard, and pool man/woman. I also hire a massage therapist every week. All of ...
by sschullo
Sun Aug 06, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 10958

Re: Do you count vehicle equity in net worth?

Hell yes! Even when I owned junky VWs back in the day.
by sschullo
Fri Aug 04, 2017 7:48 am
Forum: Investing - Theory, News & General
Topic: Study: Who Sold Stock During the 2008-9 Crash?
Replies: 85
Views: 7500

Re: Study: Who Sold Stock During the 2008-9 Crash?

Did nothing but wait it out.....was scary but I didn't panic. birdy I learned my lesson from the tech bubble crash when I was 100% technology sector. I stayed with my horrible allocation and waited until 2004 after the market recovered, my late spouse and I constructed a balanced portfolio that was...
by sschullo
Sun Jul 30, 2017 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Which 403(b) company is the least horrible?
Replies: 13
Views: 1113

Re: Which 403(b) company is the least horrible?

I believe I've seen a governmental 457 plan run by Voya with some good vanguard funds, so they might be worth a closer look for your particular 403b. If the OP works for LAUSD district, yes, we have an Award Winning 457(b) plan with eight Vanguard funds: https://s19.postimg.org/8tkud5gkj/457b_total...
by sschullo
Sat Jul 29, 2017 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor/Retirement Planning - Conventional Wisdom?
Replies: 16
Views: 1686

Re: Financial Advisor/Retirement Planning - Conventional Wisdom?

Why would you think a **recommended financial advisor** would know anything close to what the collective wisdom on this here board can impart? I think a life decision such as retirement should not be entered into lightly. For better or worse, often for better, the forum can still represent groupthi...
by sschullo
Fri Jul 28, 2017 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Which 403(b) company is the least horrible?
Replies: 13
Views: 1113

Re: Which 403(b) company is the least horrible?

Yes, agree with the rest. ALL are terrible with either annuity products or mutual funds with hideously hide advisory fees.
Go with the Roth IRA and petition the employer to offer either Vanguard or TIAA.
by sschullo
Fri Jul 21, 2017 9:03 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 119
Views: 10904

Re: Re:

As I said before Vanguard has never been available in the 403b side at my district, the 2nd largest in the country. We have Vanguard on the 457b plan. How does the following look to you about "hidden fees?" Sorry, I was referring to those complaining about the now transparent 5 dollar a month charg...
by sschullo
Thu Jul 20, 2017 3:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 119
Views: 10904

Re: Vanguard 403b Changes

Not ALL 403b plans are bad. It seems to be K-12 (entirely? only?). Our large University 403b is very good, and they've been responsive to some suggestions for improvement over the years. I never realized how great it was until I started reading here about other plans some years ago. RM Yeah!!! You ...
by sschullo
Thu Jul 20, 2017 3:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 119
Views: 10904

Re: Vanguard 403b Changes

My understanding is that... Vanguard 403(b)s didn't have access to Admiral shares because Vanguard needed the extra revenue from Investor shares to pay for all of the overhead associated with dealing with 403(b)s. Vanguard is now offloading that work and is therefore happy to provide access to Admi...
by sschullo
Thu Jul 20, 2017 3:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 119
Views: 10904

Some people on the forum are missing the point on all of this. They are comparing Vanguard to other 403b providers that they are forced to deal with by their employers. Those of us who can use Vanguard already have signed 403b contracts with the company. I have used Vanguard for my 403b for a long ...
by sschullo
Thu Jul 20, 2017 9:15 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 119
Views: 10904

Re: Vanguard 403b Changes

Some people on the forum are missing the point on all of this. They are comparing Vanguard to other 403b providers that they are forced to deal with by their employers. Those of us who can use Vanguard already have signed 403b contracts with the company. I have used Vanguard for my 403b for a long ...
by sschullo
Thu Jul 20, 2017 8:32 am
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 12791

Re: Books not to read.

The Millionaire Next Door by Stanley and Danko. Victoria I disagree vehemently. This book changed my life. After I read the book, I changed everything about my expenses/investing philosophy to fall in line with the book, convinced my spouse, and we are now millionaires several times over. It is rea...
by sschullo
Thu Jul 20, 2017 7:22 am
Forum: Personal Consumer Issues
Topic: My favorite CNBC program
Replies: 39
Views: 4859

Re: My favorite CNBC program

Shark Tank and Undercover Boss.
by sschullo
Tue Jul 18, 2017 9:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 119
Views: 10904

Re: Vanguard 403b Changes

Can Vanguard's letter be posted here? Or who would I call to request a copy? Since I am a retired teacher, I am no longer a district employee. thanks, Steve Why not rollover to an IRA and avoid the fee? It appears that "sschullo" has expertise on 403bs, and wants to advocate for better retirement p...
by sschullo
Tue Jul 18, 2017 9:05 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 119
Views: 10904

Re: Vanguard 403b Changes

FiveK wrote:
sschullo wrote:Can Vanguard's letter be posted here? Or who would I call to request a copy?
Since I am a retired teacher, I am no longer a district employee.
thanks,
Steve
One is available at Vanguard to begin charging $5 a month on 403(b) plans.
Thank you Fivek