Search found 1394 matches

by steve roy
Thu Oct 12, 2017 10:39 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4159

Re: 10 year anniversary of the beginning of the Great Recession

By the time '08-'09 rolled around, I had learned enough not to panic and start shifting assets around. So I just rolled through the downturn, not touching anything, just gritting my teeth and trying not to cry myself to sleep every other night. I retired the tail end of last year. My wife followed s...
by steve roy
Mon Oct 09, 2017 6:25 pm
Forum: Investing - Theory, News & General
Topic: Life-insurance for young couple. Advice?
Replies: 23
Views: 1601

Re: Life-insurance for young couple. Advice?

I bought term life insurance in my thirties. At the time, I was newly married with one child. I bought too little life insurance ($250,000) but got away with it. At the time it cost around $500 per year. (This was the mid 80s.) Now I am oldly married, the two kids are adults and my life insurance we...
by steve roy
Mon Oct 09, 2017 12:13 am
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 11979

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

Joseph Kennedy was a market timer. He got out of stocks in 1929 because he thought the market was getting a wee bit unhinged. Warren Buffett is a market timer. He was advising people to buy stocks after the 2008 crash. He wrote a newspaper column about it. People who take advantage of large market m...
by steve roy
Sun Oct 01, 2017 7:47 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2616
Views: 833055

Re: What Book Are You Currently Reading? Part VI

"Dark Money" by Jane Mayer, a writer for the New Yorker.

It's about the current state of our U.S. political system, focusing on Charles and Dvid Koch. Well'-written and well-researched, I find it fascinating.
by steve roy
Sat Sep 30, 2017 10:53 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 192
Views: 12809

Re: Why do you LBYM? Why do you save and invest?

Of course, the truly frugal wouldn't be in MacDonalds in the first place. They'd be buying in bulk at Cost Co and eating at home.
by steve roy
Tue Sep 26, 2017 12:13 am
Forum: Investing - Help with Personal Investments
Topic: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs
Replies: 52
Views: 6085

Re: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs

My suggestion? 60% Lifestrategy Consetvative Growth and 40% Wellesley. You could also build a Three Fund Portfolio plus Wellesley to lower costs a bit.
by steve roy
Sat Sep 23, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: [How do I rebalance my Three-Fund Portfolio?]
Replies: 2
Views: 467

Re: [How do I rebalance my Three-Fund Portfolio?]

Generally speaking, the bond side of your allocation should be parked in your tax-advantaged accounts, with the total stock index and total international index on the investment side of the ledger. Then just set your percentages and have at it. (Note: Mrs. Steve Roy and I have an allocation of 30/70...
by steve roy
Wed Sep 20, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: Net Worth divided between taxable and tax-advantaged accounts
Replies: 4
Views: 979

Re: Net Worth divided between taxable and tax-advantaged accounts

Since tax rates bounce around over time, there's no way to quantify the after-tax value of your net worth as we travel across the years and decades. Happily, I've never tried to do that. If I have enough cash to meet my needs, I'm good.
by steve roy
Mon Sep 18, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - FI? / Long Term Allocation
Replies: 4
Views: 357

Re: Portfolio Review - FI? / Long Term Allocation

If you're looking to conserve the stash youve got: 40/60 three fund portfolio (or the equivalent). If you want to grow it (take more risk): 60/40.
by steve roy
Sun Sep 10, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Alternatives to money market funds?
Replies: 8
Views: 869

Re: Alternatives to money market funds?

For more interest payouts (and, sadly, more RISK), consider short-term corporate or investment grade bond funds.

VG investment grade bonds is a "Vanguard Select" fund.

https://personal.vanguard.com/us/funds/ ... undId=0039
by steve roy
Sat Sep 09, 2017 2:22 pm
Forum: Investing - Theory, News & General
Topic: Yes Virginia, you can lose money in bonds
Replies: 36
Views: 4785

Re: Yes Virginia, you can lose money in bonds

... it’s very unlikely that Central Banks around the world will ever let inflation get out of hand again, as during the 1955-1980 period. Just my two cents. It's pretty to think so, but I never under-estimate the blindness and short-term greed of human beings. (You would think after the carnage of ...
by steve roy
Wed Sep 06, 2017 5:00 pm
Forum: Investing - Theory, News & General
Topic: Bond Fund Philosophy
Replies: 18
Views: 2721

Re: Bond Fund Philosophy

I wouldn't consider rental properties "fixed income" investments. (For example, I live in Southern California, and if my -- hypothetical -- apartment units were turned into kindling when the San Andreas fault gave a loud belch, no more monthly rent money.)

Bonds are fixed income. Other things, not.
by steve roy
Mon Sep 04, 2017 7:50 pm
Forum: Personal Consumer Issues
Topic: Coyote Defense
Replies: 69
Views: 5205

Re: Coyote Defense

Coyotes are ubiquitous in the Southern California foothills. I used to carry a golf club when I walked early in the morning, now I just don't go up in the hills until the sun is high. There's a golf course near our house, and packs of coyotes lounge on the greens. Not worried about one or two, but w...
by steve roy
Mon Sep 04, 2017 10:06 am
Forum: Investing - Theory, News & General
Topic: Do you use lifestrategy/ asset allocation funds?
Replies: 77
Views: 12969

Re: Do you use lifestrategy/ asset allocation funds?

I use the Vanguard Target Date 2015 Allocation in my 401(k) and like it. When I was a trustee of this particular 401(k) Plan, I recommended the Target Date Funds to participants because A) they were institutional shares and less expensive than the retail version offered on the Vanguard website and B...
by steve roy
Sun Aug 20, 2017 5:25 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3015
Views: 881725

Re: What Movie Have You Recently Watched?

"Baby Driver" A twenty-something millenial who possesses an acrobatic way with cars is the linchpin to a gang of thieves headed by Kevin Spacey at his unctuous, overbearing best. One edge-of-your-seat moment follows another, right through to the climax (with music pulsating throughout). Not deep but...
by steve roy
Thu Aug 10, 2017 7:04 pm
Forum: Investing - Theory, News & General
Topic: Are Index Funds Evil?
Replies: 30
Views: 3844

Evil Index Funds

[steveroy's thread and its replies merged into this existing topic - moderator prudent] The Atlantic Monthly has a provocative article ... the subject of which we have seen here before. Are Index Funds Evil? A growing chorus of experts argue that they’re strangling the economy—and must be stopped. ...
by steve roy
Mon Aug 07, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: How do you deal with financial anxiety?
Replies: 40
Views: 3143

Re: How do you deal with financial anxiety?

Having a conservative AA Relieves a lot of MY stress, and I'm comfortable with a bond heavy portfolio because I'm a geezer and should have one anyway. That said, some folks will always be stressed because if they lose $28.50 out of, say, a half million in assets they start to hyperventilate and roll...
by steve roy
Sat Aug 05, 2017 3:13 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3015
Views: 881725

Re: What Movie Have You Recently Watched?

Dunkirk -- not what I expected (not sure WHAT I expected) but powerful. Intense, immersive, like a dream just before waking. Tells the story of the British evacuation on the wide French beach in May-June 1940, from three different perspectives -- land, sea, and air. It helps to pay close attention ...
by steve roy
Mon Jul 31, 2017 12:04 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4580

Re: Fidelity Tries to Out-Vanguard Vanguard With Latest Fee Cuts

Fidelity is, methinks, bending to market realities and trying to get out ahead of them.
by steve roy
Mon Jul 17, 2017 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Are stock market returns doomed by the Baby Boomers?
Replies: 27
Views: 3178

Re: Are stock market returns doomed by the Baby Boomers?

Not so much. Millenials/echo boomers are a larger demographic than the BBers and they have LOTS of earning years in front of them.
by steve roy
Mon Jul 17, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: california homeowners - do you have earthquake insurance?
Replies: 79
Views: 6271

Re: california homeowners - do you have earthquake insurance?

Yup, the Mrs. and I have insurance. We are California natives who have ridden out multiple quakes (Yippee Ki Yay!) and wouldn't think of NOT having it, though premiums can be pricey. We currently have insurance with USAA.

Steve
by steve roy
Wed Jun 28, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Vanguard Fund
Replies: 56
Views: 7139

Re: Your Favorite Vanguard Fund

Most any well-diversified Vanguard fund, bought and held, will get you to the Promised Land. Target Date Funds, Life-Strategy Funds, Index funds, Wellington ... Wellesley ... STAR. The difficulty is investors get wiggly when funds go south, and tend to hook up and bail out at the wrong time. Better ...
by steve roy
Wed Jun 28, 2017 7:32 pm
Forum: Personal Consumer Issues
Topic: Las Vegas and surrounding areas (housing)
Replies: 3
Views: 456

Re: Las Vegas and surrounding areas (housing)

Prices were down three to four years ago, now they're up with a lot of outside money coming in after the Great Recession. There's new housing and old, but building is going on at a brisk pace. Summerlin is up near Red Rock Canyon. Henderson on the opposite side of the valley. Good luck!
by steve roy
Wed Jun 28, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: Does Jack Bogle have a conundrum on his hands?
Replies: 63
Views: 4737

Re: Does Jack Bogle have a conflict of interest?

Don't see a conflict. I see a preference. Mr. Bogle is oriented to the total market, and that's fine. Small cap value out-performs sometimes ... and sometimes not.
by steve roy
Wed Jun 28, 2017 7:18 pm
Forum: Personal Consumer Issues
Topic: Las Vegas and surrounding areas (housing)
Replies: 3
Views: 456

Re: Las Vegas and surrounding areas (housing)

This: http://www.summerlin.com Master planned by Hughes Corporation on west side of valley. Parks, hiking trails, golf courses and community centers. And a bit cooler because a bit higher, elevations up to 3500 feet. (Summerlin and Henderson are the more expensive areas, but there are lots of price ...
by steve roy
Thu Jun 22, 2017 11:07 pm
Forum: Personal Consumer Issues
Topic: Is the new Chevy Equinox any good?
Replies: 58
Views: 5441

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 90s were A...
by steve roy
Tue Jun 20, 2017 11:42 pm
Forum: Investing - Theory, News & General
Topic: LifeStrategy or Target Retirement Funds?
Replies: 17
Views: 2182

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: 733

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: 673

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: 2771

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: 4533

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: 6175

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: 413

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: 1176

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: 1176

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: 9442

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: 5802

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: 5855

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: 1435

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: 102
Views: 10241

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: 2616
Views: 833055

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: 7449

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: 3015
Views: 881725

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: 6584

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: 2593

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: 599

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: 2616
Views: 833055

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: 407

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: 159
Views: 19006

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...