Search found 3683 matches

by stemikger
Sun May 01, 2016 9:08 am
Forum: Investing - Theory, News & General
Topic: Sound advice from Warren Buffett
Replies: 6
Views: 1286

Re: Sound advice from Warren Buffett

Another link, to a video snip it of Warren giving the speech directly: http://finance.yahoo.com/video/warren-buffett-slams-hedge-fund-204127686.html " ...For the population as a whole, American business has done wonderfully. And the net result of hiring professional management, is a huge minus...
by stemikger
Sun May 01, 2016 9:07 am
Forum: Investing - Theory, News & General
Topic: Sound advice from Warren Buffett
Replies: 6
Views: 1286

Re: Sound advice from Warren Buffett

Bogleheads: At today's annual meeting for Berkshire shareholders, USA Today reported: Buffett made his case for owning low-cost index funds by showing data over the past eight years that shows owning a S&P 500 index fund outperformed five hedge funds by more than 40 percentage points, or more t...
by stemikger
Sat Apr 30, 2016 6:53 pm
Forum: Investing - Theory, News & General
Topic: Selling in May and Walking Away?
Replies: 71
Views: 5079

Re: Selling in May and Walking Away?

No, no and no. Pick an asset allocation, don't peek and as always, Stay the Course. Why make such an elegant and simple way to invest hard?
by stemikger
Sat Apr 30, 2016 4:19 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway, Annual Meeting Live Streaming Today
Replies: 21
Views: 1247

Re: Berkshire Hathaway, Annual Meeting Live Streaming Today

Not as much detail as the live Q&A, but there is a transcript "live blog" here: http://blogs.marketwatch.com/thetell/2016/04/30/live-blog-warren-buffett-at-berkshire-hathaway-annual-meeting/ Thanks! It will have to do if they don't replay it. I'm watching what is left, but I also see ...
by stemikger
Sat Apr 30, 2016 4:00 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway, Annual Meeting Live Streaming Today
Replies: 21
Views: 1247

Re: Berkshire Hathaway, Annual Meeting Live Streaming Today

Not as much detail as the live Q&A, but there is a transcript "live blog" here: http://blogs.marketwatch.com/thetell/2016/04/30/live-blog-warren-buffett-at-berkshire-hathaway-annual-meeting/ Thanks! It will have to do if they don't replay it. I'm watching what is left, but I also see ...
by stemikger
Sat Apr 30, 2016 3:53 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway, Annual Meeting Live Streaming Today
Replies: 21
Views: 1247

Re: Berkshire Hathaway, Annual Meeting Live Streaming Today

I watched a little before my wife told me to mow the grass. Got it done so watching it again. I hope there will be a replay available. Both Warren and Charlie are on my Mt Rushmore along with Jack B and Ben G. Have a great weekend Don I agree. I sure hope I get to see a replay. I'm so mad I missed ...
by stemikger
Sat Apr 30, 2016 3:43 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway, Annual Meeting Live Streaming Today
Replies: 21
Views: 1247

Re: Berkshire Hathaway, Annual Meeting Live Streaming Today

Is anyone else watching/listening to the live streaming of the annual meeting today? (yahoo.com) Curious to share and discuss any nuggets. I just dialed in. BFG Thanks for the reminder. I hope I can watch it again if it is offered on You Tube or something. I would love to see it from the beginning....
by stemikger
Fri Apr 29, 2016 11:39 pm
Forum: Personal Consumer Issues
Topic: So, are Bogleheads Bourbon or Scotch drinkers?
Replies: 73
Views: 2877

Re: So, are Bogleheads Bourbon or Scotch drinkers?

My wife is a scotch drinker. I tried it several times over the years and I just hate it and I really wanted to enjoy it. Before I got barretts esophagus, I used to enjoy Hennessy XO after dinner but my doctor told me to stay away from drinking. I have always been a Bud Light guy. I hate the fancy cr...
by stemikger
Thu Apr 28, 2016 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Degree, College and Career
Replies: 20
Views: 1546

Re: Degree, College and Career

I like the college idea and the fact that low or no student loans will be taken is IMHO very important and gives the young person entering the workforce more options and not having to be a slave to a job they hate. As far as the other advice. I really like what Warren Buffett tells students on his c...
by stemikger
Thu Apr 28, 2016 12:08 am
Forum: Investing - Theory, News & General
Topic: New Video Interview with Mr. Bogle; Market Predictions
Replies: 2
Views: 536

Re: New Video Interview with Mr. Bogle; Market Predictions

Thanks! I always enjoy watching what Mr. Bogle has to say when it comes to life and investing.
by stemikger
Thu Apr 28, 2016 12:08 am
Forum: Personal Finance (Not Investing)
Topic: mortgage pre payment, why?
Replies: 101
Views: 10030

Re: mortgage pre payment, why?

In my case, it was purely emotional. I'm not a numbers guy, I just like keeping my life simple.

The bottom line is it gave me great piece of mind and that is worth the extra percent I could possibly get from other investments.
by stemikger
Mon Apr 25, 2016 7:23 am
Forum: Investing - Theory, News & General
Topic: Dow 100,000
Replies: 24
Views: 3282

Re: Dow 100,000

So why not be in 100% in total market. Even if your 60. Warren Buffett thinks the average person (no matter what age) should hold enough in cash to feel secure and put the rest in an index fund that buys America. His wife is somewhere in her seventies and he is 85. His instructions are when he pass...
by stemikger
Sun Apr 24, 2016 9:17 am
Forum: Personal Consumer Issues
Topic: A Month in Manhattan
Replies: 87
Views: 4696

Re: A Month in Manhattan

My buddy is giving us (me 68yo and my wife 65yo) his apartment on the upper east side for a month this summer. As we rarely venture into NYC I am asking the more knowledgeable of BH what there is an adventurous older couple can discover about the city for our month this summer. Thanks to all. Lifel...
by stemikger
Sat Apr 23, 2016 4:06 pm
Forum: Investing - Theory, News & General
Topic: Determine risk tolerance
Replies: 19
Views: 1109

Re: Determine risk tolerance

I had many of the same problems and I didn't start investing until age 31. Looking back, you should be aggressive because you don't have that much money in there and you are going to hopefully be investing for a multi-decade horizon. Now that I have more money then I have ever seen in my life in my ...
by stemikger
Sat Apr 23, 2016 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Million? [Will I get there]
Replies: 41
Views: 5019

Re: Million? [Will I get there]

It impresses people? I thought it makes people bitter and envious, and expect you to pay for dinner. Maybe you need to find some new friends. Do you get bitter and envious when a Boglehead creates a new thread with a title like " Just Joined the Two Comma Club" ? No, but I do get a little...
by stemikger
Sat Apr 23, 2016 5:17 am
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 205
Views: 29707

Re: Any books really change your outlook on life?

Mine would be The Automatic Millionaire. It really ingrained in my thinking that number one - you don't need to budget and number two, you don't need to make a big salary to retire wealthy.
by stemikger
Sat Apr 23, 2016 12:07 am
Forum: Investing - Theory, News & General
Topic: Is Coffeehouse Portfolio Not Preferred by BHs?
Replies: 54
Views: 5195

Re: Is Coffeehouse Portfolio Not Preferred by BHs?

I read Bill's book and enjoyed it and the tasty pie recipes in randomly put in throughout. There is definitely nothing wrong with the Coffee House portfolio, but like others said, it may be hard to implement with a 401K. Here's what John Bogle has to say about slice and dice in The Little Book of Co...
by stemikger
Fri Apr 22, 2016 4:56 pm
Forum: Investing - Theory, News & General
Topic: James Dale Davidson's prediction of 2016 collapse
Replies: 42
Views: 3787

Re: James Dale Davidson's prediction of 2016 collapse

Gloom and Doom predictions serve no purpose. They only get in the way of investment success. It is best not to even read their predictions. They are the worst kind of noise. Some may get it right once in a while due to dumb luck, but if you act on their predictions the long term investor would most ...
by stemikger
Fri Apr 22, 2016 4:50 pm
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: 7086

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

Why is it so hard to invest a lump sum, but easy to hold the same amount and not sell? The end result is the same. If you invest $100k and the market loses 50%, you lose $50k. If you have the same $100k that's been invested for a while and don't sell it and the market loses 50%, you lose the same a...
by stemikger
Fri Apr 22, 2016 4:43 pm
Forum: Investing - Theory, News & General
Topic: VBIAX or VSMGX: Is international still mandatory?
Replies: 7
Views: 733

Re: VBIAX or VSMGX: Is international still mandatory?

I am 67, married, retired, with a joint name account with my wife and our two IRA's invested in a 60/40 equity/fixed income split in four Vanguard ETF's at Schwab. For personal reasons, I want to greatly simplify my portfolio to one mutual fund spread among our three accounts and am considering eit...
by stemikger
Fri Apr 22, 2016 4:34 pm
Forum: Investing - Theory, News & General
Topic: "The Index Card"
Replies: 19
Views: 2733

Re: "The Index Card"

Thanks for the link Taylor!!

As always, your suggestions and advice are invaluable!
by stemikger
Fri Apr 22, 2016 4:33 pm
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: 7086

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

Do you think this is a bad time to enter the market? With the dow at 18,000 If you are investing through a 401K or an IRA like most working people are, what choice do you have. You dollar cost average in through all types of market conditions. The best investors in the world say market timing does ...
by stemikger
Fri Apr 22, 2016 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 355
Views: 48257

Re: Question for the Bogleheads Millionaires

Many people are underpaid, and living paycheck to paycheck. What was your story for breaking out of this cycle? In most cases, is the solution really just a higher salary and higher savings rate? Or is there something else that people should consider? Other forms of income maybe. I may never have m...
by stemikger
Fri Apr 22, 2016 1:21 am
Forum: Investing - Help with Personal Investments
Topic: Should I bother with Options Trading?
Replies: 36
Views: 2445

Re: Should I bother with Options Trading?

Investors would be better off if they never even heard of options or so-called sophisticated strategies ~ Warren Buffett

Fall back on the majesty of simplicity ~ John Bogle
by stemikger
Thu Apr 21, 2016 5:30 pm
Forum: Investing - Theory, News & General
Topic: Rick Edelman Advice....Good?
Replies: 22
Views: 3010

Re: Rick Edelman Advice....Good?

you are posting a question about owning individual stocks on a forum with index fund disciples. I don't think the OP said anything about individual stocks. To the OP! From what I know about Ric Edelman, many years ago, he hated index funds, then the new version of his advice was that he loved index...
by stemikger
Wed Apr 20, 2016 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 59
Views: 6424

Re: Why am I still scared ? Is it actually normal ?

Thanks for all the posts, relieved to see that there are some people who have similar feelings... Upon thinking more, I wouldn't say that my source of worry/anxiety is my portfolio ( which I actually feel good about ) but more of the feeling of regrets of what could have been if I had taken better ...
by stemikger
Wed Apr 20, 2016 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 59
Views: 6424

Re: Why am I still scared ? Is it actually normal ?

I think some people are just born worriers. I know I am one of them. If it's not one thing it's another. The only advice I can give you is to enjoy the moment. You know you are fine. I belong to this group also. On the one hand, it made me over save and live below my means. On the other hand, it ke...
by stemikger
Tue Apr 19, 2016 6:12 pm
Forum: Investing - Theory, News & General
Topic: What is "wrong" with having more funds in a portfolio?
Replies: 70
Views: 3465

Re: What is "wrong" with having more funds in a portfolio?

I don't think it's wrong, but you may see it's not worth the effort. Also, are you married? Does your significant other show interest in investing? This may overwhelm them if you predecease them. Hey but what do I know, I'm a two fund guy. Total Stock and Total Bond and I sleep like a baby. One day ...
by stemikger
Tue Apr 19, 2016 6:01 pm
Forum: Investing - Theory, News & General
Topic: I hold only US Bonds. Is this risky?
Replies: 22
Views: 1646

Re: I hold only US Bonds. Is this risky?

Should I consider adding the International Total Bond index fund? Rick Ferri advises against this because it's too expensive after the hedging costs. He says US bonds are all you need. But I worry about if something were to happen...the lack of diversification around the world will come back to bit...
by stemikger
Tue Apr 19, 2016 5:56 pm
Forum: Investing - Theory, News & General
Topic: Stock picking services
Replies: 39
Views: 2163

Re: Stock picking services

I didn't read the other replies, but I think you might have better luck asking this question on a forum that encourages individual stock picking. This is as far from being a Boglehead as you can get. In the Little Book of Common Sense Investing, Jack would call this your funny money account, but not...
by stemikger
Tue Apr 19, 2016 12:17 pm
Forum: Personal Consumer Issues
Topic: Law School Advice
Replies: 89
Views: 6737

Re: Law School Advice

Posted by JodyDavis Finally, I would not underestimate the value of being debt free in this hiring environment. There are a lot of graduates, at all levels, who loaded up on debt and are not finding jobs that enable them to meet their payment obligations. If she has any uncertainty about what she e...
by stemikger
Tue Apr 19, 2016 11:25 am
Forum: Personal Consumer Issues
Topic: Law School Advice
Replies: 89
Views: 6737

Re: Law School Advice

What is your daughter's employment goal after finishing law school? If she intends to end up in biglaw or some other high paying job, it is probably worth a sanity check regarding likelihood of such an outcome. I agree with this. I'm not an attorney but I have been working in Big Law for the last 2...
by stemikger
Tue Apr 19, 2016 8:30 am
Forum: Investing - Theory, News & General
Topic: What are your thoughts on the "Golden Butterfly" portfolio?
Replies: 21
Views: 2961

Re: What are your thoughts on the "Golden Butterfly" portfolio?

The only problem with these type of portfolios is most 401Ks don't give you these options, so you would have to invest on your own. It seems to be the same idea as the Permanent Portfolio and Ray Dailio's All Weather. That would stop me on this one too. My "401K" is the TSP so i have larg...
by stemikger
Tue Apr 19, 2016 8:12 am
Forum: Investing - Theory, News & General
Topic: What are your thoughts on the "Golden Butterfly" portfolio?
Replies: 21
Views: 2961

Re: What are your thoughts on the "Golden Butterfly" portfolio?

The only problem with these type of portfolios is most 401Ks don't give you these options, so you would have to invest on your own. It seems to be the same idea as the Permanent Portfolio and Ray Dailio's All Weather. I'll just stick with Jack's advance age in bonds or somewhere around there and two...
by stemikger
Tue Apr 19, 2016 6:55 am
Forum: Personal Consumer Issues
Topic: How To Stay Motivated in Employment When You Might Have Enough?
Replies: 71
Views: 7791

Re: How To Stay Motivated in Employment When You Might Have Enough?

Oh Man, you are in such a great position. I envy you. The most stress I get from my job is fear of a layoff. You no longer have that fear. You should go into work everyday fearless and looking to take challenges on everyday. That is the way I would look at it. Unless you really hate your job, but I ...
by stemikger
Mon Apr 18, 2016 4:37 pm
Forum: Investing - Theory, News & General
Topic: Whats with the hedge fund hating?
Replies: 60
Views: 4136

Re: Whats with the hedge fund hating?

Hedge Funds? No! Too much hype. Too much diffusion of performance among winners and losers. Too many different strategies. Too many successful managers who won't accept your money. Too much cost and too little tax efficiency. The management fees are so high that they often destroy even the small cha...
by stemikger
Mon Apr 18, 2016 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: What expected % return should a longterm investor use?
Replies: 50
Views: 4543

Re: What expected % return should a longterm investor use?

If the market decides to "give me " more than 4%, I am grateful. :happy I agree. I use the standard conservative asset allocation of 60/40. If that gives me 4%, I am happy. If it gives me more, I am happier. I think it is good to be a pessimist when it comes to expected returns. Control t...
by stemikger
Mon Apr 18, 2016 8:54 am
Forum: Investing - Help with Personal Investments
Topic: International
Replies: 34
Views: 2129

Re: International

I think TSM is US only. Total World would be US+Intl, is that what you hold? I don't mean to speak for the OP and am only guessing, but usually that's an argument about foreign revenue exposure from US-domiciled multinational corporations. Sorry I'm a little new to this but what do you mean by this...
by stemikger
Wed Apr 13, 2016 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: International
Replies: 34
Views: 2129

Re: International

Thanks guys. I may reduce back to around 20% of total stocks in international. 30% feels like a little much. I have nearly 20% of my total portfolio in the vanguard total stock market investors fund so I guess I'm getting some international exposure there. I'll stick with this for now. I think TSM ...
by stemikger
Wed Apr 13, 2016 10:53 am
Forum: Investing - Theory, News & General
Topic: ‪"Lessons From the Great Minds of Investing‬"
Replies: 26
Views: 3523

Re: ‪"Lessons From the Great Minds of Investing‬"

This is true. I once wrote a comment on a John Bogle You Tube video how I can sit and watch John Bogle videos for over an hour, yet I have a hard time sitting through most movies these days. I guess if the subject matter lights your fire, a gifted speaker will keep you watching. Bogle is truly gift...
by stemikger
Wed Apr 13, 2016 10:34 am
Forum: Investing - Help with Personal Investments
Topic: International
Replies: 34
Views: 2129

Re: International

This is one of those touch-paper topics in these parts..... There are strong views on both ends and everywhere between. In the end, it's a small point to argue over since we mostly agree on the big things. Do the other stuff right and then make up your own mind after reading some of the past discus...
by stemikger
Wed Apr 13, 2016 3:44 am
Forum: Investing - Theory, News & General
Topic: ‪"Lessons From the Great Minds of Investing‬"
Replies: 26
Views: 3523

Re: ‪"Lessons From the Great Minds of Investing‬"

kind of an aside, but .... I am struck by how it is that William Green is interesting ..... for an hour ..... without notes ! I dont think I could talk like that for more than 5 minutes without notes. Some people are gifted. I take my hat off to people like William Green, Larry Swedroe, and John Bo...
by stemikger
Tue Apr 12, 2016 9:50 pm
Forum: Investing - Theory, News & General
Topic: ‪"Lessons From the Great Minds of Investing‬"
Replies: 26
Views: 3523

Re: ‪"Lessons From the Great Minds of Investing‬"

Thank you so much for your kind words about my talk. I really appreciate it. Best wishes, William Green Thanks for the visit! Hopefully you update us on any future talks and/or projects. Although I promised my wife I will stop buying books on investing due to space, yours will have to join my colle...
by stemikger
Tue Apr 12, 2016 5:44 pm
Forum: Personal Consumer Issues
Topic: Harry Potter World: Trip Advice
Replies: 23
Views: 1837

Re: Harry Potter World: Trip Advice

Wow, appreciate all of the advice and recommendations! Didn't anticipate the costs to be so high. For two people, including flight (only 1 remember, mine is paid by work), would you say $2k is about what we are looking to spend between parks/line bypass/food/etc? Oh yeah. I think a lot less. You wi...
by stemikger
Tue Apr 12, 2016 9:35 am
Forum: Personal Consumer Issues
Topic: Harry Potter World: Trip Advice
Replies: 23
Views: 1837

Re: Harry Potter World: Trip Advice

There are plenty of things to do near Orlando if you have a car. For two adults, I would say 1 day is enough there. Get there early and knock it out.. Hit up any of the other major things local, some cheap and some not.. Sea World, Universal, Disney, Discovery Cove, Cape Canaveral, just drive over ...
by stemikger
Tue Apr 12, 2016 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Bonds are such a lousy investment
Replies: 43
Views: 4813

Re: Bonds are such a lousy investment

Warren Buffett is recommending this for the average person. He said most of his friends and extended family who by and large are not wealthy people this is what they should do. He does not distinguish this by age or wealth. He is leaving his wife money (not Berkshire stock) and this is what is in h...
by stemikger
Tue Apr 12, 2016 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Bonds are such a lousy investment
Replies: 43
Views: 4813

Re: Bonds are such a lousy investment

Although 60% of my portfolio is in bonds (I am retired), whenever I do the math I come to the same conclusion, after fees and taxes, at best, bonds will keep up with inflation. With an SEC yield of 2.18% for the Bogleheads' much loved Total Bond Market Index and a Fed trying to target for 2%, where...
by stemikger
Tue Apr 12, 2016 12:19 am
Forum: Personal Consumer Issues
Topic: Harry Potter World: Trip Advice
Replies: 23
Views: 1837

Re: Harry Potter World: Trip Advice

Definitely stay on site. You will want to be close and the onsite resorts have shuttles that take you to the parks every 10 to 15 minutes. We stayed at the Cabana Bay Resort (it's under the value category and their newest resort). We loved it. It is a large resort with amazing pools and outdoor bars...

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