Search found 1212 matches

by steve roy
Tue Feb 02, 2016 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Wellesley vs Indexing
Replies: 10
Views: 1870

Re: Wellesley vs Indexing

Count me as another happy Wellesley participant. I've owned it for years, will be shifting it from my Roth IRA to my Rollover IRA in the next eighteen months, where it will be 8-12% of my asset allocation. Much as I like it, the fund isn't as broadly diversified as I like, so the majority of my (our...
by steve roy
Mon Feb 01, 2016 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Mint...working less, and less, and less
Replies: 33
Views: 4448

Re: Mint...working less, and less, and less

I'm a minimalist with this stuff. Too lazy to use Mint. To indifferent to balance a check book. The wife just noses through our checking account every day (at all hours) and asks me things like "Did you just spend $57 at Gourmet 88?!" (My response: "Yup. Took a bunch of guys out for l...
by steve roy
Sun Jan 31, 2016 5:20 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 104
Views: 7952

Re: Roll Call for the Retirement Class of 2016!

EmergDoc wrote:How are we defining retirement?


Unstructured days. Lots of free time for recreational sleeping.
by steve roy
Sat Jan 30, 2016 6:09 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 104
Views: 7952

Re: Roll Call for the Retirement Class of 2016!

I'm going out on December 6th, 2016, at the end of my current contract. (I won't re re-upping.)

I've got a lot of things planned in the first year of retirement, and I'm looking forward to it!
by steve roy
Wed Jan 27, 2016 11:25 pm
Forum: Investing - Theory, News & General
Topic: College endowments gain 2.4 percent in worst showing since 2012
Replies: 16
Views: 1688

Re: College endowments gain 2.4 percent in worst showing since 2012

Dale_G wrote:Actually they did pretty good - they only trailed my plain vanilla portfolio by 3.4% :D

Dale


Which consists of ... what?!
by steve roy
Wed Jan 27, 2016 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: All in one funds in Taxable Acct?
Replies: 15
Views: 1138

Re: All in one funds in Taxable Acct?

I use tax exempt bonds in taxable. The returns have been okay, and I'm not using bonds for income, anyway.
by steve roy
Tue Jan 26, 2016 1:33 pm
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10507

Re: Do you pay for exercise?

For what it's worth: I pay $50 per year for a gym membership and use the membership infrequently. (Long story short, I bought the membership thirty-two years ago and it was a good deal then. There were a few decades where I used the offered facilities a lot, and the fifty bucks a year deal has long-...
by steve roy
Tue Jan 26, 2016 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: 15 Year Return
Replies: 3
Views: 454

Re: 15 Year Return

With the decline here at the begging of the year, I'm amazed at how little my AA has changed in my TSP account. Still learning from you guys. Haven't made any changes since January 2015. Definitely trying to stay-the-course. Thanks all. I find that ... with all the ups and downs of the market .. my...
by steve roy
Mon Jan 25, 2016 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Moved my IRA to Vanguard. Have questions.
Replies: 15
Views: 947

Re: Moved my IRA to Vanguard. Have questions.

VBINX has an ER of 23 basis points (investor shares), so not sure where your .34% comes from. If you're interested in "set and forget", I would suggest one of the Target Date Funds or LifeStrategy Funds because they're more broadly diversified and all you will need to do is dump money into...
by steve roy
Sat Jan 23, 2016 11:31 am
Forum: Investing - Theory, News & General
Topic: Robo-advisors and Risk and Bernstein
Replies: 14
Views: 1727

Re: Robo-advisors and Risk and Bernstein

I donno. I think most people would be well-served by a Vanguard LifeStrategy Fund or Target Date Fund. Takes the guess work out, and you can just keep dumping money into it through thick and thin.

Hard to adjust allocations to the panic of the moment when it's all one fund.
by steve roy
Fri Jan 22, 2016 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Is this article accurate? I sure hope not...
Replies: 34
Views: 3273

Re: Is this article accurate? I sure hope not...

"Famed economist" James Dale Davidson has been predicting a disastrous crash since the early 1990s. So that was his secret to correctly predicting the crash in 1999 and 2007 - predict a big crash every year and then you can later claim that you predicted the crash when it happens in the y...
by steve roy
Fri Jan 22, 2016 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: The sky is falling!
Replies: 14
Views: 1503

Re: The sky is falling!

2Birds1Stone wrote:
livesoft wrote:So you hit your 5% rebalancing band and you are going to rebalance, right? You know, exchange from a bond fund to an equity fund?



Is 5% the standard rebalance band?


Probably. But some people simply rebalance on a date certain: once a year, once every three years, etc.
by steve roy
Fri Jan 22, 2016 1:03 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1342
Views: 275482

Re: What Book Are You Currently Reading? Part VI

I have to thank "Wait, Wait, Don't Tell Me" for making me aware of Lee Child and the Jack Reacher series. I just read my first one-- Without Fail and will be reading more. Hard to believe they've been around for twenty years. It's almost like discovering the Patrick O'Brian Aubrey/Maturin...
by steve roy
Wed Jan 20, 2016 12:21 pm
Forum: Investing - Theory, News & General
Topic: [Investing] Things that would/will never happen in your lifetime
Replies: 43
Views: 5147

Re: [Investing] Things that would/will never happen in your lifetime

I'm 67. Anything and everything can happen. Making predictions is a fool's errand. Nobody can predict tax rates. Nobody can predict taxes as a percentage of GDP. Nobody can predict how high or low the stock market will go. (What CAN be gleaned from past performance: If price/earning ratios are, say,...
by steve roy
Wed Jan 20, 2016 12:05 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Reopens Treasury money market
Replies: 14
Views: 1778

Re: Vanguard Reopens Treasury money market

The smart money is sprinting toward stocks. Dollar Cost Averaging as they go.
by steve roy
Thu Jan 14, 2016 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for the future vs you only live once
Replies: 72
Views: 7837

Re: Saving for the future vs you only live once

Save as you can. Spend enough to enjoy your day to day existence. (You really need a new Mercedes? How about a used Caddy instead?)

And understand that we, all of us, dance on a tired old cobweb as regards our lives. (Hat tip: Raymond Chandler.)
by steve roy
Thu Jan 14, 2016 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio recommendations for new Boglehead
Replies: 13
Views: 1333

Re: Portfolio recommendations for new Boglehead

For Vanguard IRA, depending on how much you enjoy mico managing, consider an all-in-one fund, either target date, Life Strategy, or Wellington. When you get a pile of money in one of those you can shift to individual funds to get your ER down. The longer I totter along with investing, the more I thi...
by steve roy
Thu Jan 14, 2016 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have this right now? (portfolio check)
Replies: 4
Views: 652

Re: Do I have this right now? (portfolio check)

I think complexity is overrated. If you have the allocation you want, three funds or nine funds isn't that big a deal. I think your allocation should have more bonds, but if you're good being more aggressive, go for it. Munis are a good option, I've used Vanguard intermediate tax exempt and it's bee...
by steve roy
Wed Jan 13, 2016 3:49 pm
Forum: Investing - Theory, News & General
Topic: are we headed for a huge crash?
Replies: 24
Views: 1995

Re: are we headed for a huge crash?

Most historians consider James Buchanan to have been our worst president. If he had been competent he might have prevented the Civil War, but was totally ineffective. If it becomes obvious before the election that he is about to lose his last place finish as the worst president, then we might see a...
by steve roy
Wed Jan 13, 2016 9:56 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1430
Views: 272257

Re: What Movie Have You Recently Watched?

"Joy", a shaggy dog story wherein spunky Jennifer Lawrence rises above cramped poverty and a dysfunctional extended family that echoes the one in " You Can't Take It With You" (Kaufman-Hart) to become queen of a wonder mop.. There are some plot turns that strain credulity (and I'...
by steve roy
Tue Jan 12, 2016 3:44 pm
Forum: Investing - Theory, News & General
Topic: What would you tell your 25 yr old self?
Replies: 99
Views: 6245

Re: What would you tell your 25 yr old self?

Buy index funds and never sell them.
by steve roy
Fri Jan 08, 2016 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Lousy 401k Options---Nuveen S&P 500?
Replies: 12
Views: 782

Re: Lousy 401k Options---Nuveen S&P 500?

Might not be horrible, but it's not very good. Our mid-sized plan (2600 participants) has had three different administrators (two of them insurance companies) over 20 years and they all had lower cost index funds than 62 basis points.
by steve roy
Thu Jan 07, 2016 6:40 pm
Forum: Investing - Theory, News & General
Topic: [Market] Correction...Corection...Correction
Replies: 103
Views: 9772

Re: CORRECTION...Corection...Correction

Toons wrote:Opportunity,Opportunity,Opportunity
:sharebeer


PRE-cisely.

Buy on the way down. Laugh on the way up.
by steve roy
Thu Jan 07, 2016 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Lousy 401k Options---Nuveen S&P 500?
Replies: 12
Views: 782

Re: Lousy 401k Options---Nuveen S&P 500?

The 401(k) Plan trustees here are putting themselves at legal risk offering nothing but pricey funds. There's been litigation in this area, also new regulations, and plans are well advised to consider costs. Don't know what the status of your wife's plan is, but I would contact administrators and c...
by steve roy
Tue Jan 05, 2016 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review & Any Guidance Appreciated
Replies: 3
Views: 202

Re: Portfolio Review & Any Guidance Appreciated

'Twere me, I would work the additional 36 months to get the health bennies. Will the ACA be here in the future? Under its current dynamics? I have no idea, but I tend to play it cautions and conservative. Why don't you shoot for "three years and out", and explore areas that are lower cost ...
by steve roy
Tue Jan 05, 2016 1:21 pm
Forum: Personal Consumer Issues
Topic: How do you keep your young kids busy/occupied?
Replies: 37
Views: 2766

Re: How do you keep your young kids busy/occupied?

Looking back, I would have rationed the video games. They can become addictive. One kid is not in VG's grip, the other is.
by steve roy
Tue Jan 05, 2016 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Lousy 401k Options---Nuveen S&P 500?
Replies: 12
Views: 782

Re: Lousy 401k Options---Nuveen S&P 500?

The 401(k) Plan trustees here are putting themselves at legal risk offering nothing but pricey funds. There's been litigation in this area, also new regulations, and plans are well advised to consider costs. Don't know what the status of your wife's plan is, but I would contact administrators and co...
by steve roy
Mon Jan 04, 2016 6:27 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1430
Views: 272257

Re: What Movie Have You Recently Watched?

Like most of the rest of the native population, I've now seen "Star Wars" -- a kind of mirror image of the 1977 original, and I can see why it's a hit. Disney tub-thumped it relentlessly, and it's well made, from script to released images. But it's like cheese macaroni: really pleasant or ...
by steve roy
Sun Jan 03, 2016 9:27 pm
Forum: Personal Consumer Issues
Topic: Taylor vs Martin Guitar
Replies: 19
Views: 1707

Re: Taylor vs Martin Guitar

When I noticed the header, I thought:

"Wow! Taylor Larimore is having some kind of competition with a Martin Guitar!"

This is a splendid example of my musical ignorance.
by steve roy
Sun Jan 03, 2016 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: What to do for elderly parent, if they reject help?
Replies: 54
Views: 4150

Re: What to do for elderly parent, if they reject help?

My mother, now 90, sounds much like your own. She lived in her own house with her husband, but started slowing down in her late eighties. She was still going to the gym multiple times a week but was increasingly frail. My brother, who lived nearby, wanted her to give up driving. She refused. She als...
by steve roy
Fri Jan 01, 2016 4:14 pm
Forum: Personal Consumer Issues
Topic: New Year's Reflection - The Tail End
Replies: 1
Views: 342

Re: New Year's Reflection - The Tail End

Interesting post. Opens your mind a bit.
by steve roy
Fri Jan 01, 2016 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: What are your 2 retirement numbers?
Replies: 260
Views: 24973

Re: What are your 2 retirement numbers?

At this point in time, I don't worry about it. The only number I have is my retirement date: December 6, 2016. I exit gainful employment at that time, and whatever I've got in the way of pension and assets, is what I go out with. Happily, I've run numbers -- on paper and in my head -- and should be ...
by steve roy
Fri Jan 01, 2016 3:51 pm
Forum: Investing - Theory, News & General
Topic: Munis no longer as good of a deal
Replies: 46
Views: 4565

Re: Munis no longer as good of a deal

Is anyone investing in the new Vanguard muni index fund? How does that stack up? Best. Assets are relatively small. I'm sticking with the old Intermediate Term, as the duration is shorter which suits me fine. Will be putting a lot more money into it over time as my tax advantaged space fills up.
by steve roy
Fri Jan 01, 2016 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: How did your retirement Portfolio do in 2015?
Replies: 95
Views: 6334

Re: How did your retirement Portfolio do in 2015?

I've got the same general small cap/value type portfolio as Livesoft, though I have 70% in bonds and only 30% in equities. Up .5% for 2015. Bond duration 4.5 years, spread over a number of bond funds. Only 25% of our stocks are in internationla, but this will be going up over the next eighteen months.
by steve roy
Fri Jan 01, 2016 3:17 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 753
Views: 110780

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

The Mrs. and I are up .5% for '15. Our investments are stashed mostly at Vanguard, but approximately 16% of the total is with the Federal TSP. Over the decade, we're up 4.3% for 3 years; 5.1% for 5 years; 4.7% for 10 years. Our asset allocation is 30% equities, 70% bonds. Bonds are spread across Tot...
by steve roy
Mon Dec 28, 2015 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Article on retirement withdrawal strategy
Replies: 81
Views: 6779

Re: Bestest Withdrawal Strategy

Yikes. Inattentive me.

How about we just delete this baby? I tried but realize I don't know how.
by steve roy
Mon Dec 28, 2015 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Article on retirement withdrawal strategy
Replies: 81
Views: 6779

Bestest Withdrawal Strategy

[Thread merged into here, see below. --admin LadyGeek] My very knowledgable sister-in-law sent me this: http://www.caniretireyet.com/new-research-the-best-retirement-withdrawal-strategies/ In a nutshell, the author examines six withdrawal methods ... 1) Equal Withdrawals Strategy 2) Rebalancing Str...
by steve roy
Wed Dec 23, 2015 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Not quite a Boglehead Portfolio but getting closer
Replies: 19
Views: 932

Re: Not quite a Boglehead Portfolio but getting closer

If the Vanguard 401(k) offers Target Date Funds, you could put all the 401(k) stash in one (or more) of those. Be a big step forward in simplicity. And if you wanted to til small or value, you could use some of the other funds to do that. And the Target Date would reduce your need to Wellesley.
by steve roy
Wed Dec 23, 2015 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest lucky break in your personal finances?
Replies: 160
Views: 12126

Re: Biggest lucky break in your personal finances?

Me, I've stumbled along and done alright, simply because I've kept saving. But my wife did all the right things for the wrong reasons. Her biggest: she got out of the stock market because of Y2K (the much-feared tech hiccup at the turn of the century). Three months later the stock market began its d...
by steve roy
Tue Dec 22, 2015 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: How old can you be and retire early?
Replies: 56
Views: 3702

Re: How old can you be and retire early?

So what's early? And what's retirement? Accounting exec Paul Terhortz retired at 35. He sold his San Francisco house, put the money in CDs, and plunged ahead. He's now in his mid-sixties, and STILL retired. (Helped that he and his wife Vicki had no children, but there you are. We all make our choice...
by steve roy
Sun Dec 20, 2015 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: FIRECalc - Take Social Security Benefits Early is Better?
Replies: 51
Views: 3794

Re: FIRECalc - Take Social Security Benefits Early is Better?

Regarding Social Security, here's the rule of thumb I follow: If your Mom and Dad, aunts and uncles have a habit of going to their rewards at 67 to 73, take Social Security as soon as you can. If everybody lives into their nineties, take it at 70. You want to play the odds here. I had an assistant a...
by steve roy
Sun Dec 20, 2015 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Best Equity Sectors for Restrictive Monetary Conditions
Replies: 11
Views: 522

Re: Best Equity Sectors for Restrictive Monetary Conditions

Me, I wouldn't buy sectors. Forces you to peer into the unknowable future and guess.

Buy the whole haystack. Total Stock Market.
by steve roy
Thu Dec 17, 2015 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Active funds some/many Bogleheads love
Replies: 47
Views: 3145

Re: Active funds some/many Bogleheads love

I'm mostly in index funds, but I own a slug of Wellesley (10% of holdings, going down to 5% as I increase other investments). I've been in this fund for years; it's low-cost, stable, and though the diversification is a bit narrow for my tastes, since I don't have a huge percentage of my holdings in ...
by steve roy
Thu Dec 17, 2015 11:52 am
Forum: Personal Consumer Issues
Topic: Argentine peso is down 30% today ...
Replies: 24
Views: 2241

Re: Argentine peso is down 30% today ...

Now would be a good time to invest in some Argentine beef steak mines.
by steve roy
Mon Dec 14, 2015 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Double health coverage?
Replies: 6
Views: 560

Re: Double health coverage?

If the plans coordinate benefits, there might be an advantage to keeping both. Many times an HMO won't coordinate bennies with a PPO, but I don't know enough about your individual plans to understand what strategy would be best. I would ask questions of your individual providers; pencil out costs an...
by steve roy
Mon Dec 14, 2015 1:25 pm
Forum: Investing - Theory, News & General
Topic: Tilt Question: Small Caps
Replies: 52
Views: 3809

Re: Tilt Question: Small Caps

I tilt much as livesoft does. I don't plan to change any of my asset allocations. But I don't kid myself it's the end-all and be-all. It might take years, decades, to out-perform the straight-ahead market. I console myself that for long stretches it will likely perform at par with the Three Fund Por...
by steve roy
Mon Dec 14, 2015 12:28 pm
Forum: Personal Consumer Issues
Topic: Paying Kids For Good Grades -- do you do it?
Replies: 94
Views: 4999

Re: Paying Kids For Good Grades -- do you do it?

I'm agnostic over cash for grades/school performance. Hand-wringingly, teeth-gnashingly agnostic. Older son dropped out of college, and neither the prospect of cash nor heated arguments could keep him there. (And he's refuted all of Daddy's dire warnings of career disaster by shooting straight up th...
by steve roy
Wed Dec 09, 2015 12:28 pm
Forum: Investing - Theory, News & General
Topic: Private Equity Fees Are Sky-High, Yes, but Look at Those Returns
Replies: 17
Views: 1664

Re: Private Equity Fees Are Sky-High, Yes, but Look at Those Returns

As an asset class and with the right fund , private equity is nigh unbeatable, well worth the fees paid. Is that true of any asset class? The above is ABSOLUTELY true. "With the right fund" private equity is unbeatable. And consider THIS: "With the right fund" public equity is n...
by steve roy
Wed Dec 09, 2015 12:16 pm
Forum: Investing - Theory, News & General
Topic: Interest Rate Hike - Thoughts?
Replies: 38
Views: 3136

Re: Interest Rate Hike - Thoughts?

There will be a rate hike of 25 basis points, then a pause, then (a year out) another 25 basis point hike. And the world will spin on.

There is much fear and trepidation that this massive boos will tank the economy. But it won't.

Steve Roy has spoken. Go thou and sin no more.
by steve roy
Fri Dec 04, 2015 5:03 pm
Forum: Personal Consumer Issues
Topic: Ford Edge or Nissan Murano or Something Else
Replies: 24
Views: 1645

Re: Ford Edge or Nissan Murano or Something Else

How about GMC Terrain or Chev Equinox (essentially the same SUV). High marks from Consumer Reports, comes in six or four-cylinder formats. My eldest son drives one and loves it. Based on ride-alongs, I love it too. And I drove a six-cylinder iteration for a week (it was a rental) and was impressed.

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