Search found 1368 matches

by steve roy
Thu Jun 22, 2017 11:07 pm
Forum: Personal Consumer Issues
Topic: Is the new Chevy Equinox any good?
Replies: 6
Views: 247

Re: Is the new Chevy Equinox any good?

107,000 miles on a 2003 Saturn Vue and it's been a pretty good vehicle ... With "pretty good" being the operative words. The engine has been solid, but the electrical systems are developing eccentricities. I don't think older GM vehicles are strong as regards durability but GM cars in the ...
by steve roy
Tue Jun 20, 2017 11:42 pm
Forum: Investing - Theory, News & General
Topic: LifeStrategy or Target Retirement Funds?
Replies: 17
Views: 1678

Re: LifeStrategy or Target Retirement Funds?

I've been in Vanguard Target Date 2015 for some years and it's worked very well. I recommend Target Date Funds all the time because they're inexpensive AND professionally managed -- somebody else is doing the heavy lifting. Who needs a financial advisor when you have Target Date funds?
by steve roy
Sat Jun 17, 2017 2:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's muddled guidance on active v passive
Replies: 5
Views: 575

Re: Vanguard's muddled guidance on active v pa

I've learned to take the active/passive thingie with a generous dose of salt. I'm in Vanguard's intermediate municipal bond fund (active). I'm in the Wellesley fund (active). I put our oldest son in the STAR fund (robustly active) years ago and it's performed splendidly. The point is, what are your ...
by steve roy
Sat Jun 17, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: My Portfolio
Replies: 6
Views: 537

Re: My Portfolio

I think it's a solid portfolio overall. Maybe your wife could find some lower cost options to substitute for the Fidelity Target Date fund.
by steve roy
Sat Jun 17, 2017 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: The terrible things I have done--I wish to come clean
Replies: 24
Views: 2367

Re: The terrible things I have done--I wish to come clean

You are forgiven your trespasses. Now go and boast no more.
by steve roy
Sat Jun 17, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Has Vanguard gotten too big?
Replies: 30
Views: 3971

Re: Has Vanguard gotten too big?

Maybe you should shop around. Query Fidelity. Contact Schwab. See what T. Rowe Price has to offer. There are other mutual fund families that might suit your needs better.
by steve roy
Fri Jun 16, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 5004

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

Worth it for us. We have a second house we'll soon move into, we've been renting it the last four years with a positive cash flow. We have a manager look after things and we just watch the bank account grow. (Understand, I would HATE to have units that I rented and repaired myself. I didn't become a...
by steve roy
Thu Jun 08, 2017 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-Efficient Placement - International Bonds
Replies: 3
Views: 320

Re: Tax-Efficient Placement - International Bonds

I keep international bonds in my 401(k), but any tax sheltered account would be appropriate.
by steve roy
Mon Jun 05, 2017 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: 27 Year Old, Portfolio Advice
Replies: 12
Views: 959

Re: 27 Year Old, Portfolio Advice

Depending on how gung-ho you are managing your funds, I would keep it simple. Use a Vanguard Target Date Fund for all of part of your 401(k); dump the Fidelity Growth Fund (though, since you don't have a lot of your holdings in it, this isn't a big deal). At 27, tilting to equities seems to be a so...
by steve roy
Sun Jun 04, 2017 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: 27 Year Old, Portfolio Advice
Replies: 12
Views: 959

Re: 27 Year Old, Portfolio Advice

Depending on how gung-ho you are managing your funds, I would keep it simple. Use a Vanguard Target Date Fund for all of part of your 401(k); dump the Fidelity Growth Fund (though, since you don't have a lot of your holdings in it, this isn't a big deal). At 27, tilting to equities seems to be a sol...
by steve roy
Sun Jun 04, 2017 11:04 pm
Forum: Personal Consumer Issues
Topic: Favorite Thriller Authors and Why
Replies: 54
Views: 5671

Re: Favorite Thriller Authors and Why

Dating myself because all these old masters are long gone. However ... John D. MacDonald -- for the rhythm of his prose, the characters, the Florida setting Ross MacDonald -- the intricate structure of his multi-gnerational plots Raymond Chandler -- his dialogue, prose and Southern California settin...
by steve roy
Thu Jun 01, 2017 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Is anyone here allocated 30/70 a la Rick Ferri's "new center of gravity?"
Replies: 35
Views: 5278

Re: Is anyone here allocated 30/70 a la Rick Ferri's "new center of gravity?"

30/70 has been my asset allocation for awhile. In my previous life, I was active as a director in a mid-sized 401(k) plan. People in their late fifties/early sixties often asked me what I thought was a good investment strategy. (These were folks who wanted to keep things simple and had minimal inter...
by steve roy
Tue May 23, 2017 11:08 pm
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 74
Views: 4791

Re: At what point to buy new car for safety

Here was my point: Two years ago, I was privileged to total my 7-month-old Jetta when I plowed it into the side of a tree. After a day's reflection, I decided it was time to lease a Subaru Forester with all the safety accoutrements: Eyesight, automatic braking, etc. etc. I'm proud to report I haven'...
by steve roy
Fri May 12, 2017 2:24 pm
Forum: Investing - Theory, News & General
Topic: How do I leave my full service broker?
Replies: 13
Views: 1296

Re: How do I leave my full service broker?

My full service broker and I parted ugly. He dragged his feet rolling my accounts to Vanguard, but it finally happened. I was ticked until I realized the delays had accidentally made me some extra money.
by steve roy
Fri May 12, 2017 2:11 pm
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 33
Views: 3001

Re: Retirees, what is your marginal tax rate?

18% state/federal marginal rate as DW and I roll into retirement. Changes coming up so not sure where we'll be 24 months hence.
by steve roy
Wed May 10, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2356
Views: 714613

Re: What Book Are You Currently Reading? Part VI

Just finished "Creation" by Gore Vidal, a long novel about the 5th century B.C. and the thinkers and holy men living in that period -- Sophocles, Buddha and Confucius among others. An interesting and educational work by Vidal, but not terribly compelling. Not in the same league as "Bu...
by steve roy
Fri Apr 14, 2017 6:31 pm
Forum: Personal Consumer Issues
Topic: Anyone else decided not to finish med school?
Replies: 55
Views: 6333

Re: Anyone else decided not to finish med school?

Our oldest son dropped out of college in second year and is now a manager for Southwest Airlines. He's happy and fulfilled, though Mom and Dad tried to talk him out of bailing from college. People have to find their own way.
by steve roy
Fri Apr 14, 2017 3:12 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2715
Views: 761946

Re: What Movie Have You Recently Watched?

Watched "Anchors Aweigh" in eye-popping Technicolor for the first time, and the singing and dancing are great. Frank Sinatra taps up a storm with Gene Kelly, and you don't see THAT happen very often. Jerry the mouse cuts a mean rug with Gene as well, but then animated characters don't have...
by steve roy
Thu Apr 13, 2017 6:12 pm
Forum: Investing - Theory, News & General
Topic: Jack says be realistic
Replies: 48
Views: 6126

Re: Jack says be realistic

Me, I prefer to dwell in Fantasyland. 10% FOREVAH!!
by steve roy
Wed Apr 12, 2017 4:31 pm
Forum: Personal Consumer Issues
Topic: Week in San Diego - What to do?
Replies: 35
Views: 2365

Re: Week in San Diego - What to do?

Wild Animal Park, affiliated with San Diego Zoo and a bit inland. Julian, Apple country 35 miles inland from SD. Ride the San Diego trolley down to the border. Visit old town, hit the La Jolla beaches and watch the sea lions. Bike along the waterfront.
by steve roy
Sun Apr 09, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Passive (3-fund) with an Active (Wellington) component
Replies: 3
Views: 526

Re: Passive (3-fund) with an Active (Wellington) component

I recommend the kind of thing you're doing all the time. Nothing at all wrong with either Wellington or its kissing cousin Wellesley. If it's good enough for John Bogle, it should be good enough for us mortals. (Because I'm a seasoned citizen in retirement, I advise peers to do a 33/33/33 allotment ...
by steve roy
Sun Apr 09, 2017 4:57 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2356
Views: 714613

Re: What Book Are You Currently Reading? Part VI

"John Wayne: The Life and Legend" by Scott Eyman A comprehensive biography of John Wayne (aka "Duke" Morrison) that is worth reading (especially around these parts) because it goes into details about Wayne's films, their production costs and box office grosses. Eyman describes ho...
by steve roy
Sun Apr 09, 2017 4:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Target Date Trust Plus Funds
Replies: 2
Views: 342

Re: Vanguard Target Date Trust Plus Funds

Before I jumped off into retirement, I was a Plan trustee for a Vanguard administered 401(k) Plan. We had the Vanguard Retirement Funds as a Trust (8 basis points) but the asset allocations were the same as the retail version. So, I have no idea why there's a different asset allocation for your Plan...
by steve roy
Thu Apr 06, 2017 12:51 am
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 144
Views: 14340

Re: Social Security for Millennials

For planning purposes, I think that millenials could estimate they'll receive a baseline of 60% of SS's current value. I find it unlikely that Social Security will vanish. It's been 34 years since there were any MAJOR changes, during the Reagan Administration. There will probably be changes over the...
by steve roy
Thu Apr 06, 2017 12:44 am
Forum: Investing - Help with Personal Investments
Topic: Hit my # for retirement, how do I protect it until ready to quit?
Replies: 15
Views: 2405

Re: Hit my # for retirement, how do I protect it until ready to quit?

Preserving your stash?

Put 40% of it in Wellesley, half in Target Retirement Income, and 10% in a ladder of CDs.

Then stay away from expressos after 6 p.m. and you'll sleep soundly.
by steve roy
Thu Apr 06, 2017 12:39 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 11231

Re: High Income earners, whats your Tax Strategy?

My tax strategy basically boils down to "suck it up buttercup, and be grateful that you have a high salary and a relatively low tax burden as compared to almost all other rich countries". :) I don't think this is really true, but it is a common misconception: https://en.wikipedia.org/wiki...
by steve roy
Sun Apr 02, 2017 10:12 pm
Forum: Investing - Theory, News & General
Topic: Article--Vanguard's customer service takes a hit as it receives epic inflows of cash
Replies: 33
Views: 4369

Re: Article--Vanguard's customer service takes a hit as it receives epic inflows of cash

I've had a problem once with a new Flagship advisor. (Old advisor got promoted). But no problems since.
by steve roy
Thu Mar 30, 2017 4:40 pm
Forum: Personal Consumer Issues
Topic: Is the secret to getting wealthy...
Replies: 48
Views: 4601

Re: Is the secret to getting wealthy...

So, you're a blogger retiring on a budget of $40,000 or even $7,000. And now your blog is starting to pull in revenue that's multiples of your yearly budget. Now what? You give away your blogging revenue to charity? Or you keep it, and try to keep pretending that your budget is only $40,000 0r $7,0...
by steve roy
Wed Mar 29, 2017 1:50 am
Forum: Investing - Help with Personal Investments
Topic: model portfolio
Replies: 2
Views: 296

Re: model portfolio

It's not too aggressive, given the length of time you'll be working, but you need to be prepared to endure broad swings in the value of your equity holdings. Many believe they can endure a steep loss when their holdings slowly gain value ... and that's been most of their life experience. The test wi...
by steve roy
Mon Mar 27, 2017 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Modified Larry Portfolio?
Replies: 23
Views: 2443

Re: Modified Larry Portfolio?

If you like Wellesley, I would suggest a different two-fund portfolio: 70% Target Date Income; 30% Wellesley. It's easy to maintain and yes, you would forego small and some value, but you would have broadly diversified stock holdings and a touch more of them than Larry's 30/70 allocation.
by steve roy
Thu Mar 23, 2017 12:40 am
Forum: Personal Consumer Issues
Topic: How to know if someone has filed your tax returns fradulently?
Replies: 22
Views: 2127

Re: How to know if someone has filed your tax returns fradulently?

Fraudulent tax filing happened to DW and me. We received an odd check in the mail marked "tax refund" from "Sunrise Bank" WAY before we filed our return. We thought the check was part of some bogus scam and we were half right: when we tried to file electronically with the IRS, we...
by steve roy
Wed Mar 22, 2017 3:40 pm
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 10338

Re: Anyone else taking less risk

I realize no one can predict the end of this rally and when the next correction will come, but has anyone else adjusted their asset allocation to a more conservative one because it has been a long bull market whether it was hated or not. I went from 65/35 to 60/40 just in case. #1: Pigs Get Fat, Ho...
by steve roy
Thu Mar 16, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Scenario
Replies: 16
Views: 2086

Re: Social Security Scenario

The Man would be www.obliviousinvestor.com .
by steve roy
Thu Mar 16, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Hitting your number
Replies: 13
Views: 1881

Re: Hitting your number

Now that I'm retired, I take a different view of My Number. I attempted to stash away what I thought I'd need, but like everybody else I was constrained by time and cas flow. I thought I'd made My Number,, but ... The Mrs. Isn't sure we've hit Our Number. "What if we have higher expenses, what ...
by steve roy
Thu Mar 16, 2017 12:46 pm
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 169
Views: 36972

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

The world might descend into another Dark Age and the global economy might shrink. There are people who base their investing strategy on this premise, but most look at market histories, at past growth rates and trends, and place their market bets accordingly. As stated above, you gotta stash your ca...
by steve roy
Thu Mar 16, 2017 12:56 am
Forum: Investing - Theory, News & General
Topic: Astrid Menks Buffett's Asset Allocation
Replies: 7
Views: 1044

Re: Astrid Menks Buffett's Asset Allocation

90% is in equities because the 10% in bonds will finance Astrid well until the end of her days.

And Warren, he knows there are better returns in the S & P 500 than bonds.
by steve roy
Sun Mar 12, 2017 1:14 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2356
Views: 714613

Re: What Book Are You Currently Reading? Part VI

"Empire of Self", a biography of Gore Vidal, which I would call definitive. Profiles and analyses a lot of Vidal's large body of work and paints a multi-faceted portrait of the man.
by steve roy
Sat Mar 11, 2017 4:49 pm
Forum: Investing - Theory, News & General
Topic: Reasons not to check the account balance too often
Replies: 42
Views: 4176

Re: Reasons not to check the account balance too often

Tell him to get a dog, maybe two. And then urge him to go on long walks with the dogs. Weekend camping trips would be good too, way off in some sun-washed nowhere.

Without wi-fi.
by steve roy
Fri Mar 10, 2017 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio Question
Replies: 5
Views: 544

Re: 3 Fund Portfolio Question

Maybe I speak treason (I speak it fluently), but I would keep the Wellington because it's excellent. I've got a slug of Wellesley and plan on keeping it forever. In fact, I'm adding to it.
by steve roy
Thu Mar 09, 2017 8:54 pm
Forum: Investing - Theory, News & General
Topic: Buffett’s bets: how dumb are hedge fund managers?
Replies: 50
Views: 4702

Re: Buffett’s bets: how dumb are hedge fund managers?

Nick341981 wrote:I'm amazed Warren could pull off such an impressive feat without a well diversified portfolio of international, emerging markets, bonds, etc. Just a simple S&P 500 index fund. :mrgreen:


That's why Warren is The Man.
by steve roy
Thu Mar 09, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: tilt or not in taxable?
Replies: 14
Views: 1070

Re: tilt or not in taxable?

I tilt small cap value (50% TSM - 50% SCV). Since I'm a geezer, I have 70% bonds weighted to short term and a portion of stocks in international. HOWSOEVER, I think people here who use asset allocation funds are doing equally well. The trick for don't mess with thing. My own rule is once I've bought...
by steve roy
Wed Mar 08, 2017 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need small caps?
Replies: 37
Views: 3445

Re: Do I need small caps?

Total Stock Market is one way to own everything, another way would be to own the S& P 500 Index and the Extended Market Index (Mid Cap and Small Cap). To get away from the cap-weighted stock market, you could overweight the Extended Market Index.
by steve roy
Mon Mar 06, 2017 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Father is 90, taking over his investments
Replies: 23
Views: 2710

Re: Father is 90, taking over his investments

I would put a quarter of the money in CDs of varying lengths and the balance in Wellington (35%) and the rest in Lifestrategy conservative growth. (65%)
by steve roy
Mon Mar 06, 2017 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Calculation (Question/Opinion)
Replies: 26
Views: 1828

Re: Net Worth Calculation (Question/Opinion)

We're selling our place next year and mentally I'm deducting realtors fees, moving expenses and the costs to fluff up the abode. But I'm not even trying to calculate total take since I don't know where the market will be in 11 months.

And somebody beat me to it but oh well.
by steve roy
Sun Feb 26, 2017 12:32 am
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 202
Views: 15661

Re: What is your overall portfolio weighted expense ratio

I THINK it's seven or eight basis points. The Mrs. has a chunk of money in the TSP, and Vanguard (of course) doesn't track the cost.

Since our Vanguard accounts cost ten basis points, we guesstimate the combined total of the two. Best approximation: .07% or .08%.
by steve roy
Thu Feb 23, 2017 10:23 am
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 280
Views: 44900

Re: Any books really change your outlook on life?

"How I Found Freedom In An Unfree World" by Harry Browne.

I remember it had a big impression on me when I was in my early twenties. Triggered the idea of going against the general flow, of thinking separately and independently.
by steve roy
Wed Feb 22, 2017 7:41 pm
Forum: Investing - Theory, News & General
Topic: Passive Index Investing Is A Delusion
Replies: 5
Views: 1349

Re: Passive Index Investing Is A Delusion

I don't know where this gent is coming from. When you buy the market, you buy the market. You're not buying the market circa 1986. Of COURSE broad index funds change over time, because the companies in those markets change ... sometimes even (gasp!) disappear ... over time. What's he want? Everythin...
by steve roy
Sun Feb 12, 2017 2:50 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1807
Views: 1017835

Re: The Three-Fund Portfolio

What I discovered in the course of running a 401(k) Plan is, most people investing for retirement aren't that interested in investment theory, and just want something safe and steady and easily explainable. The Three Fund Portfolio does that in spades. I think one of its biggest advantages is that i...
by steve roy
Sun Feb 12, 2017 1:29 am
Forum: Investing - Help with Personal Investments
Topic: 3 million in cash. Target Retirement Income or Target Retirement 2015
Replies: 38
Views: 4442

Re: 3 million in cash. Target Retirement Income or Target Retirement 2015

Criticism of Wellesley here: the equity side of the fund holds 60 stocks, give or take, which many think is too narrow a portfolio. But Burton Malkiel in "A Random Walk Down Wall Street" maintains that 60 stocks is all it takes to reduce systemic risk. (Chart on p. 212 of updated paperback...
by steve roy
Sat Feb 11, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: About Wellington VWENX
Replies: 14
Views: 1773

Re: About Wellington VWENX

'Twere me, I would put 60℅ in Lifestrategy and 40℅ in Wellington. Both worlds.

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