Search found 1352 matches

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: 5844

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: 2609
Views: 688902

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: 5777

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: 2229

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: 456

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: 2273
Views: 661286

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: 315

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: 13353

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: 2292

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: 10210

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: 4145

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: 4411

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: 272

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: 2288

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: 1931

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: 9836

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: 1942

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: 1780

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: 36303

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: 957

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: 2273
Views: 661286

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: 4013

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: 509

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: 4422

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: 973

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: 3291

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: 2617

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: 1695

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: 170
Views: 11906

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: 270
Views: 42056

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: 1296

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: 1760
Views: 966981

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: 4324

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: 1664

Re: About Wellington VWENX

'Twere me, I would put 60℅ in Lifestrategy and 40℅ in Wellington. Both worlds.
by steve roy
Sat Feb 11, 2017 2:07 am
Forum: Investing - Help with Personal Investments
Topic: 3 million in cash. Target Retirement Income or Target Retirement 2015
Replies: 38
Views: 4324

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

What I recently recommended: 60% in Target Retirement Income, 40% in Wellesley. Best of Active/Passive. Adjust percentages to taste.
by steve roy
Tue Feb 07, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: Klargman thoughts on Trump and to a lesser extent, mutual funds and ETFs
Replies: 3
Views: 918

Re: Klargman thoughts on Trump and to a lesser extent, mutual funds and ETFs

It's a fool's errand to predict political outcomes of tax and spending policies. We'll know more by late summer when tax law comes into focus. We know less now. That still won't tell us where the markets end up.

And this thread will be locked in a couple of heartbeats
by steve roy
Sun Jan 29, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Active Funds
Replies: 36
Views: 3060

Re: Vanguard Active Funds

For anybody fifty or above it would be Wellesley.
by steve roy
Thu Jan 26, 2017 11:59 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2609
Views: 688902

Re: What Movie Have You Recently Watched?

Watched "Singin' In The Rain" with minimal soundtrack listening to commentary. Struck by how zippy and energetic it is visually.

Also struck by how well tooled studio features could be in that period. I love the
long takes.
by steve roy
Thu Jan 26, 2017 11:06 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 8610

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

You are now safely past adolescence and young adulthood. Smooth sailing from here!
by steve roy
Mon Jan 09, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 17348

Re: Best Financial Moves You've Made

Saying adios to my financial advisor. Getting out of individual stocks and into mutual funds (mostly index). And buying two houses at the bottoms of two markets.
by steve roy
Sun Jan 08, 2017 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Ratios and Index Funds
Replies: 8
Views: 580

Re: Help with Ratios and Index Funds

I, too, am in a Vanguard Target Date Fund in my 401(k). I also do a lot of slicing and dicing in the rest of my portfolio, and every year I pause and reflect that maybe, just maybe, I would be better off dumping ALL my tax-advantaged investments into Vanguard Target Funds and let the big mutual fund...
by steve roy
Sat Jan 07, 2017 12:48 am
Forum: Investing - Help with Personal Investments
Topic: Income funds
Replies: 26
Views: 2237

Re: Income funds

My vote would be 60% Vanguard Target Income ... and 40% Wellesley Income.

You could also go half-and-half. That would work well too.
by steve roy
Tue Jan 03, 2017 1:26 am
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 29355

Re: Whats your number to walk away?

My number?

December 6, 2016.

I'd done the same job for twenty-seven years and three weeks, I was wading into Geezerhood, and I'd had enough.

It's been three weeks now and so far, so good. Recreational sleeping is wonderful.
by steve roy
Sat Dec 31, 2016 12:27 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1288
Views: 214206

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

Up 4.4% with a 30/70 allocation. We are largely out of the equities game, but will increase holdings next year when slugs of new money come in.
by steve roy
Tue Dec 27, 2016 3:01 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice
Replies: 11
Views: 1135

Re: Portfolio Advice

Simplify, aqan, simplify. In the available 401(k) funds, use the age appropriate Vanguard Target Date Fund and throw most of the rest overboard. Otherwise there's lots of duplication. Same thing in the rollover IRA, there's lots of funds here, but the Target Date is really all you need. Keep your ey...
by steve roy
Tue Dec 27, 2016 2:48 am
Forum: Personal Finance (Not Investing)
Topic: How do you plan for retirement?
Replies: 32
Views: 3038

Re: How do you plan for retirement?

Paid ourselves first, tried to tuck greenbacks into both 401(k)s and investment accounts over the past quarter century. Put in as much as we could, but some years we had more to invest than other years. Funded the kids in public schools and colleges, not private. And basically, we both reached the a...
by steve roy
Tue Dec 27, 2016 12:51 am
Forum: Investing - Help with Personal Investments
Topic: How has Financial Independence changed your life?
Replies: 55
Views: 7071

Re: How has Financial Independence changed your life?

Financial Independence has enabled me (us) to hook up and bail out of the 9-to-5 steeple chase.

Sadly, FI has come on the cusp of geezerhood, but better that it arrives later in life than not at all.
by steve roy
Tue Dec 27, 2016 12:42 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2609
Views: 688902

Re: What Movie Have You Recently Watched?

"The Edge of Seventeen" is a funny and keenly-observed ninety-four minutes. Hailee Steinfeld and Woody Harrelson are excellent, and the rest of the cast quite good. Plot's fairly predictable (it's a teen angst movie, after all) but the characters are nicely rounded and there are a few nice...
by steve roy
Mon Dec 26, 2016 12:51 pm
Forum: Personal Consumer Issues
Topic: How old is your vehicle?
Replies: 200
Views: 14844

Re: How old is your vehicle?

2005 Voivo with 66k. Bought it almost new for $19,000. Sticks are not beloved in So Cal.
by steve roy
Mon Dec 26, 2016 2:03 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2609
Views: 688902

Re: What Movie Have You Recently Watched?

Recently viewed "La La Land." Well worth seeing. Leads Ryan Gosling and Emma Stone are not strong singers, but they bring verve and naturalness to their roles and the picture does a good job re-booting the Musical. Not Gene and Fred, nor Judy Garland, but "LLL" is fresh, original...

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