Search found 2223 matches

by sschullo
Sat Aug 19, 2017 11:53 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Los Angeles meetings
Replies: 144
Views: 13885

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: 163
Views: 11322

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: 13446

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: 144
Views: 13885

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: 7357

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: 144
Views: 13885

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: 144
Views: 13885

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: 144
Views: 13885

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: 37
Views: 5862

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: 9745

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: 7095

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: 1000

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: 1611

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: 1000

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: 109
Views: 8136

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 m...
by sschullo
Thu Jul 20, 2017 3:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 109
Views: 8136

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: 109
Views: 8136

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: 109
Views: 8136

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: 109
Views: 8136

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: 11958

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: 33
Views: 3636

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: 109
Views: 8136

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 re...
by sschullo
Tue Jul 18, 2017 9:05 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 109
Views: 8136

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
by sschullo
Tue Jul 18, 2017 10:11 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 109
Views: 8136

Re: Vanguard 403b Changes

It's even more specific than that. I was only talking about public k-12, not all nonErisa 403b market. TIAA is getting out, and I speculate that Vanguard may be trying a different approach to getting in the non erisa market, especially k12. Vanguard knows that the 4 million public k-12 employees ar...
by sschullo
Tue Jul 18, 2017 10:06 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 109
Views: 8136

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
by sschullo
Tue Jul 18, 2017 9:08 am
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 11958

Re: Books not to read.

Here is a chapter (Rule 9) in an otherwise good book, The Millionaire Teacher by Andrew Hallam that I wrote in my review to TOTALLY IGNORE rule 9. This last chapter was obviously written by the publisher to reach the active investor crowd on how to pick individual stocks!!!, because the first 8 Rule...
by sschullo
Mon Jul 17, 2017 12:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 109
Views: 8136

Re: Vanguard 403b Changes

Lots of debate over TIAA. Yeah, it's had issues with K-12 when it tried to be a major player in the K12 market, but it never understood the K-12 culture, as it has a century of experience with higher education and research institutes. I still like them. They are still miles better than any of the o...
by sschullo
Mon Jul 17, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 109
Views: 8136

Re: Vanguard 403b Changes

Lots of debate over TIAA. Yeah, it's had issues with K-12 when it tried to be a major player in the K12 market, but it never understood the K-12 culture, as it has a century of experience with higher education and research institutes. I still like them. They are still miles better than any of the ot...
by sschullo
Wed Jul 12, 2017 10:30 am
Forum: Investing - Theory, News & General
Topic: Why Simple beats complex
Replies: 71
Views: 6848

Re: Why Simple beats complex

"Intelligent people are drawn to complex solutions". I am obviously not one of these people since i like simple. Those offended by simple, move on, nothing to see here. Dan Hi Dan, +1 Me neither. I not only like my simple portfolio, I love how boring it is too. Dan, you and I, and I belie...
by sschullo
Tue Jul 11, 2017 7:04 am
Forum: Personal Consumer Issues
Topic: Solar panels
Replies: 57
Views: 4086

Re: Solar panels

If your bill is less than $100 a month, forget solar, unless you want to do it strictly for political purposes, and the right thing to do for the environment. And you will still save money, only it will take longer to get a 100% ROI. Why do you say that? 100/month for 35 years at 7% is $141,000. I'...
by sschullo
Mon Jul 10, 2017 8:42 pm
Forum: Personal Consumer Issues
Topic: Solar panels
Replies: 57
Views: 4086

Re: Solar panels

Here is my data I collected after 8 years using solar (96 months). Edison is one of the most expensive electric companies in the country. My bill averaged about $210.00 per month before solar. Most expensive months here in the desert is during the summer when it would go up to close to $400.00 per m...
by sschullo
Sun Jul 09, 2017 10:43 am
Forum: Personal Consumer Issues
Topic: any way to eat healthier at Subway (or any other quick lunch ideas)
Replies: 102
Views: 5019

Re: any way to eat healthier at Subway (or any other quick lunch ideas)

It's been spoken and written in many books for decades, avoid dairy products and processed foods, and opt for everything fresh.
by sschullo
Wed Jul 05, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: When Did You Start Investing Your Own Money?
Replies: 47
Views: 3129

Re: When Did You Start Investing Your Own Money?

When I was in the military at age 20, with individual bonds back in the 60s.
by sschullo
Wed Jul 05, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: "What I Learned From My 'Faux-tirement'"
Replies: 33
Views: 6888

Re: "What I Learned From My 'Faux-tirement'"

Work is a four-letter word. I have found that I enjoy the freedom and lack of stress that comes with retirement. I do not miss working at all. +1 +2 I can devote full time to the passions I found while I was working to earn a living. So, the way I dealt with the stress of the job was to do things t...
by sschullo
Wed Jul 05, 2017 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Two comma club - thank you
Replies: 16
Views: 4525

Re: Two comma club - thank you

Congrats. Just share what you do with everybody you know and with strangers too. You know the old adage: giving away what you know to help everybody you meet helps you become a better person! For example, I am going to have a discussion over coffee with a woman who sold me my latest eyewear who runs...
by sschullo
Wed Jul 05, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Newest Boglehead Millionaire
Replies: 23
Views: 4012

Re: Newest Boglehead Millionaire

Congrats. A few more tidbits as a millionaire who took a lifetime of working till 61 to achieve what you have. If I made the kind of money you made as a youngster in my 20 and 30s, I often wonder if I would have spent it all every year on new monster cars, nice places to live, nice clothes, nice re...
by sschullo
Wed Jul 05, 2017 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Newest Boglehead Millionaire
Replies: 23
Views: 4012

Re: Newest Boglehead Millionaire

Congrats. A few more tidbits as a millionaire who took a lifetime of working till 61 to achieve what you have. If I made the kind of money you made as a youngster in my 20 and 30s, I often wonder if I would have spent it all every year on new monster cars, nice places to live, nice clothes, nice res...
by sschullo
Sun Jul 02, 2017 5:26 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2860
Views: 841876

Re: What Movie Have You Recently Watched?

I heard some friends talk about the movie Dinner with Beatriz . They were perplexed, and in the complicated tone of not recommending the movie to me, I had to! So, out of curiosity, I saw it. Holy crap! Reminded me of a David Lynch movie such as Blue Velvet, with Dennis Hopper, wondering what the he...
by sschullo
Sat Jul 01, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Quit my Job-What to do with Pension?
Replies: 10
Views: 1038

Re: Quit my Job-What to do with Pension?

Deciding or not deciding to cash out a pension is a serious matter. The only variable to be concerned about is the company's health. Never decide to take the money because you could "easily beat the market." Overconfidence has gotten many investors in trouble. I would keep the pension but ...
by sschullo
Sat Jul 01, 2017 8:47 am
Forum: Investing - Help with Personal Investments
Topic: 33 and getting serious about retirement
Replies: 17
Views: 2166

Re: 33 and getting serious about retirement

Welcome. You got some excellent advice. I just want to respond to your "getting serious" comment. At 33, you have plenty of time to plan for your retirement, so you can relax a bit. Just by coming here and taking your time writing all of your information here so the good folks can comment ...
by sschullo
Wed Jun 28, 2017 4:35 pm
Forum: Personal Consumer Issues
Topic: Getting a new cooktop, gas vs electric?
Replies: 72
Views: 3885

Re: Getting a new cooktop, gas vs electric?

Induction by a wide margin. BTW you don't have to use cast iron, stainless steel works perfectly.
Everything except the rooftop AC/heater is electricity at my house, even my cars and I have solar panels.
by sschullo
Tue Jun 27, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: co-worker wants to pull out pension
Replies: 40
Views: 3716

Re: co-worker wants to pull out pension

I won't be surprised if some salivating broker-dealer, who sees a big fat commission, is talking to your coworker about this absolutely HORRIBLE idea!
by sschullo
Wed Jun 21, 2017 7:15 am
Forum: Investing - Theory, News & General
Topic: Vanguard risk tolerance survey blunder.
Replies: 41
Views: 4288

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: 78
Views: 5426

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...