Search found 1470 matches

by steve roy
Sat Apr 21, 2018 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Fund Selection
Replies: 7
Views: 282

Re: 401k Fund Selection

Given your fund lineups and costs, I would use the Vanguard index funds to do a three fund portfolio. The T. Rowe Price funds are too expensive.
by steve roy
Fri Apr 20, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: New retirees: so whatdayathink ?
Replies: 51
Views: 4449

Re: New retirees: so whatdayathink ?

I'm several months away, but I use the analogy of a racehorse standing just behind the starting gate at the Kentucky Derby. All I can do is look across to the other side as I impatiently wait for the gun to sound off. I spent the week at a mandatory work related conference. I could not focus, it wa...
by steve roy
Fri Apr 20, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Should I continue to hold REITs?
Replies: 46
Views: 3121

Re: Should I continue to hold REITs?

When I purchase equities or REITS, I buy and hold. Domestic real estate and stocks have high valuations right now, so corrections downward shouldn't be unexpected. Older I get, the more I think it's a good idea to buy broad indexes so you aren't tempted to tweak different slices of the portfolio. So...
by steve roy
Fri Apr 20, 2018 6:24 pm
Forum: Personal Consumer Issues
Topic: How long have you been employed?
Replies: 43
Views: 2257

Re: How long have you been employed?

Three years working part-time washing dishes and filling vending machines at the University of California. (I worked alongside several undocumented immigrants ... in those far-off days nobody seemed to care about the documented or undocumented details of employment.) Then it was two years active dut...
by steve roy
Tue Apr 17, 2018 1:23 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2972
Views: 916452

Re: What Book Are You Currently Reading? Part VI

Three quarters of the way through "Pride and Prejudice". Enjoyed the movie with Ms. Keira Knightly and Donald Southerland, liking the book less.

But I will finish the tome because it's good for me.
by steve roy
Sat Apr 14, 2018 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: What advantages do a personalized portfolio have over a target date fund, in your opinion?
Replies: 49
Views: 2845

Re: What advantages do a personalized portfolio have over a target date fund, in your opinion?

One big advantage with a Target Date or Life Stratgy fund: you won't endlessly tinker with investments (like leaping in and out of equities or bonds) so you will likely end up with more money after ten or twenty years.
by steve roy
Mon Apr 09, 2018 2:10 pm
Forum: Local Chapters and Bogleheads Community
Topic: Too much Bogleheads.org?
Replies: 66
Views: 8078

Re: Too much Bogleheads.org?

I’m reading “Pride and Prejudice “. Nice counter-balance to Bogleheads.org.
by steve roy
Sun Apr 08, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: If you want an actively managed fund, which one would you use?
Replies: 68
Views: 4019

Re: If you want an actively managed fund, which one would you use?

Wellesley. Had it for years; It’s about 18% of assets, but the percentage will be reduced as I add money — since I don’t plan to add to the Wellesley stash. I’m also in tax exempt bond funds that are also “actively” managed. And I guess those count. (Vanguard seems to think so. They say I have 52% o...
by steve roy
Sat Mar 31, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should I loan my child money for college?
Replies: 73
Views: 5241

Re: Should I loan my child money for college?

I worked an extra three years to pay for Son #2's college education. The downside was, Son #2 took his sweet time getting a degree. The upside? We didn't pay exorbitant education costs. There was four years financing General Ed courses at a community college (I wasn't kidding about my child taking h...
by steve roy
Thu Mar 22, 2018 4:36 pm
Forum: Personal Consumer Issues
Topic: Your favorite Florida beach??
Replies: 45
Views: 3795

Re: Your favorite Florida beach??

Kitty Telltales wrote:
Thu Mar 22, 2018 6:55 am
moneywise3 wrote:
Thu Mar 22, 2018 1:09 am
Captiva and Sanibel islands hands down
+1
+2
by steve roy
Wed Mar 21, 2018 10:24 pm
Forum: Personal Consumer Issues
Topic: Your favorite Florida beach??
Replies: 45
Views: 3795

Re: Your favorite Florida beach??

Shell beach on Sanilbel Island, on the gulf coast at the bottom of the peninsula.
by steve roy
Wed Mar 21, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Home equity as part of retirement plan
Replies: 59
Views: 3587

Re: Home equity as part of retirement plan

We always planned to count the house as part of our investments, as we were sitting on a lot of equity. We’re now in the process of selling and will move profits to Vanguard. I think if you live in an area where home prices don’t rise much there’s little point in counting your abode as part of the i...
by steve roy
Fri Mar 16, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: How does everyone here earn so much?
Replies: 131
Views: 7040

Re: How does everyone here earn so much?

What anybody else makes here is irrelevant to my situation. I make what I make. It’s up to me to live off earnings/cash flow. I came from the movie biz (cartoon division) where people make good money and then make nothing. That’s show business, boom or bust. I know people that bought big houses and ...
by steve roy
Sun Mar 11, 2018 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Please Be Brutally Honest...
Replies: 17
Views: 4960

Re: Please Be Brutally Honest...

Given your age, my advice would be: 65% LifeStrategy Moderate Growth (60/40) and 35% Wellington (Admiral shares ... and also 60/40 but domestic equities.) Two funds ... with a large cap value tilt. Broad diversification. Simplicity. You could always get fancier and more complicated, but your results...
by steve roy
Sat Mar 10, 2018 11:46 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 258
Views: 37827

Re: Roll Call for the Retirement Class of 2016!

Retired on December 6, 2016 and then ... Steamed through the South Pacific, visiting Australia (a week in Sydney), New Zealand, French Polynesia, and Hawaii. ... And it was on to Hollywood, Florida for a final professional convention (there was a nice per diem), then a flight across the Atlantic for...
by steve roy
Fri Mar 02, 2018 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Needing To Simplify Retirement Accounts
Replies: 18
Views: 2032

Re: Needing To Simplify Retirement Accounts

A Three-Fund Portfolio seems like a good option.

I don't understand what all the stocks and mutual funds are buying you, except maybe confusion.
by steve roy
Fri Mar 02, 2018 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Another Early Retirement Thread...
Replies: 15
Views: 1865

Re: Another Early Retirement Thread...

Possible "to dos": Sell the current abode, take the equity and add it to your investments, move to a lower-cost, lower-tax state. Spend six months testing what your new expenses are (maybe rent?), see if you can fit travel in. Work part time if necessary. Maybe you can pencil out possible "cost of l...
by steve roy
Mon Feb 26, 2018 5:39 pm
Forum: Investing - Theory, News & General
Topic: Bubbles Everywhere
Replies: 41
Views: 6727

Re: Bubbles Everywhere

Todd says a lot of the same things (and says them multiple times) that other financial analysts are spouting: 1) markets are over-valued, 2) high valuations impact almost every asset class, and 3) a correction is coming (sometime). He just puts more top spin on his prediction for the size of the com...
by steve roy
Sun Feb 25, 2018 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement investing - starting out
Replies: 8
Views: 971

Re: Retirement investing - starting out

I would say a Vanguard Target Date Fund would fill the bill nicely. (You're young, so an age-appropriate TD fund would get you a broadly diversified asset allocation 90% stocks/10% bonds.) I've been tucking money away into different mutual funds for decades. Like many here, I've made investing misst...
by steve roy
Sun Feb 25, 2018 1:10 am
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 205
Views: 10673

Re: How Far is too Far, Commuting?

I couldn't say what constitutes "too far". Personally, I hate long commutes. Howsoever ... My oldest son is a manager for Southwest Airlines. He has a house in Las Vegas. For a couple of years, he commuted from Vegas to his job at the Hollywood/Burbank (Bob Hope) airport in Southern California. His ...
by steve roy
Sun Feb 18, 2018 7:08 pm
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 157
Views: 9844

Re: Do you wear a wedding band?

I wear a low-cost substitute ring. As I lost weight, my fingers shrank and my original gold band developed a bad habit of flying off every time I washed my hands. So Mrs. Steve Roy bought me a brushed tungsten and rose gold replacement* ($19 on the intertoobs) which I have worn the last several year...
by steve roy
Sun Feb 18, 2018 6:47 pm
Forum: Forum Issues and Administration
Topic: Fewer Readers Despite Continued Market Volatility
Replies: 16
Views: 2403

Re: Fewer Readers Despite Continued Market Volatility

All I can tell you is I come to the site when I have the time, NOT in reaction to market conditions. Sometimes I'm crazy busy and have no time for the interwebs or Bogleheads.org. Other times I'm sitting on my backside, and THAT'S when I visit BH.com. Can't speak for others, but that's how/when I cl...
by steve roy
Sun Feb 18, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: I reduced my exposure to US stocks before the correction.
Replies: 39
Views: 4230

Re: I reduced my exposure to US stocks before the correction.

Our current stock/bond allocation is 35/65, with 22% of equities in foreign. No plans to jettison domestic stock funds, but in the next couple of months we'll be buying more bonds to get the allocation to 70%, and ALL additional equities purchased will be international.
by steve roy
Sun Feb 18, 2018 1:44 am
Forum: Personal Consumer Issues
Topic: Anyone watching Ari Melber's "The Beat"?
Replies: 11
Views: 1328

Re: Anyone watching Ari Melber's "The Beat"?

I'm a Maddow fan, but I time-delay her show and jump through parts of it because she has a lot of windup before each pitch. (Like, I don't need the same information three times in the opening twenty-minute segment.) But she usually has interesting takes on the day's events, plus she's wicked smart, ...
by steve roy
Sun Feb 18, 2018 1:34 am
Forum: Investing - Theory, News & General
Topic: Target Retirement Fund Question
Replies: 20
Views: 1617

Re: Target Retirement Fund Question

BlackHat wrote:
Sat Feb 17, 2018 8:05 pm
Hello All,

Can an investor rest assured that Vanguard in 2060 will be the same Vanguard we know today?
Currently, the odds of the above happening are 78.7%. Thanks for asking.
by steve roy
Sat Feb 17, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 11493

Re: What has been your most important skill in achieving financial independence?

Most important skill? Leaving things (i.e., the assets in the investment allocations) alone.
by steve roy
Fri Feb 16, 2018 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: what is marginal tax rate?
Replies: 29
Views: 2482

Re: what is marginal tax rate?

A person's marginal tax rate is the highest rate at which an individual's maximum earnings (the last dollar of taxable income that an individual earns) is taxed. Your first dollar of taxable income is taxed at the lowest rate. When your income hits the second tax bracket, THOSE dollars are taxed at ...
by steve roy
Fri Feb 16, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Visualizer Asset vs. Asset Class Allocation
Replies: 7
Views: 742

Re: Portfolio Visualizer Asset vs. Asset Class Allocation

Looking at your lineup, you could simplify to: Large Cap domestic, Small Value domestic, Large Cap International, small cap international, Investment grade bonds, TIPS.

I agree with asif408 that investing 5% or less in a fund isn't worth much.
by steve roy
Fri Feb 16, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: How Not to Get Rich - Mark Twain
Replies: 17
Views: 3548

Re: How Not to Get Rich - Mark Twain

We have been to Mark Twain's mansion in Hartford, CT several times. Just outside the mansion, you can see the typesetting machine he invested so much money in. The number of moving parts was incredible, a mechanic's nightmare. Any Sears repairman would have advised him against the investment. :wink...
by steve roy
Fri Feb 16, 2018 2:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6393
Views: 1371629

Re: U.S. stocks in freefall

To rebalance while equities are zigging and zagging wildly seems more effort than it's worth. My new rule is "Rebalance every 7.4 years, whether the asset allocation needs the rebalance or not."
by steve roy
Fri Feb 16, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Does the absence of need for a legacy affect your AA or SWR?
Replies: 24
Views: 1853

Re: Does the absence of need for a legacy affect your AA or SWR?

There will likely be money left over for the children when the Mrs. and I have gone to our reward, BUT ... We don't feel we have a need to leave our kids a legacy/money. The plan DW and I have is to take our RMDs and see what we need to live on. Our AA is conservative: 30% stocks/70% bonds. Having p...
by steve roy
Mon Feb 12, 2018 5:44 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3497
Views: 986210

Re: What Movie Have You Recently Watched?

"The Greatest Showman" The life (actually the early life) of P.T. Barnum, starring Hugh Jackman, Zac Efron and Michelle Williams. Years ago (early '80s), I saw the theatrical musical "Barnum!" starring Jim Dale. "The Greatest Showman!" is considerably different, full of razzle dazzle and BIG musical...
by steve roy
Mon Feb 12, 2018 12:54 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard advice--I'm confused
Replies: 30
Views: 3849

Re: Vanguard advice--I'm confused

Some of the problem here is there's redundancy. Too many bond funds, these could be simplified. Too many overlapping stock funds; there's exposure to Developed and Emerging markets in Total International, so why the overkill? It's not that the lineup they have you in is bad, but it doesn't need to b...
by steve roy
Sun Feb 11, 2018 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Duplicating Total Stock Market in my 401k
Replies: 5
Views: 314

Re: Duplicating Total Stock Market in my 401k

When I participated in a 401(k) Plan through Vanguard, the closest a participant could get to the Three-Fund portfolio was to use the S & P 500 Fund in place of Total Stock Market, which has almost the same performance as TSM. (Total International and Total Bond were offered as stand-alones, and ind...
by steve roy
Sat Feb 10, 2018 2:23 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review for new investor (updated stats)
Replies: 16
Views: 1067

Re: Portfolio review for new investor (updated stats)

You're over thinking this. Having a jillion funds can be all right, but too often it tempts you to tweak just a little more, chase that hot sector just a bit too enthusiastically. I've got too many funds, I slice and dice too much. The best fund I've got in terms of performance is Vanguard's 2015 Ta...
by steve roy
Fri Feb 02, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: Stock Market Sanity
Replies: 4
Views: 1572

Re: Stock Market Sanity

Here's a bit about who Jeff Young is (in his words): I retired late last year from a 20+ year career in management consulting, to focus on researching investment opportunities – primarily for my own account, but I also want to share highlights of my research with my friends and others who might find...
by steve roy
Thu Feb 01, 2018 10:16 pm
Forum: Investing - Theory, News & General
Topic: Stock Market Sanity
Replies: 4
Views: 1572

Stock Market Sanity

A good friend of mine, who has a doctorate in economics from Cornell University, turned me on to "Stock Market Sanity" a newer website covering (drum roll) the stock market . It's called "Stock Market Sanity", and run and operated by Jeff Young, a man with a degree in economics from MIT and an MBA f...
by steve roy
Fri Jan 26, 2018 10:08 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller: Stock Market Like 1928
Replies: 57
Views: 6681

Re: Robert Shiller: Stock Market Like 1928

1928? January 1928?

So we’ve got, what? A year and eight months until the bottom falls out?
by steve roy
Fri Jan 26, 2018 12:59 pm
Forum: Investing - Theory, News & General
Topic: Small Value Premium - How Do You View It?
Replies: 95
Views: 7229

Re: Small Value Premium - How Do You View It?

I slice and dice but I’m not a fanatic about it. I have VG Target Date 2015 in a 401(k) and it’s done as well as anything.

Beyond broad diversification and a workmanlike asset allocation, I don’t think the tilts mean very much. Certainly haven’t in my case.
by steve roy
Sat Jan 20, 2018 6:47 pm
Forum: Investing - Theory, News & General
Topic: Fear of dying with too much money?
Replies: 137
Views: 8485

Re: Fear of dying with too much money?

2b2 wrote:
Sat Jan 20, 2018 3:51 pm
How much is too much?
If one dies with $100 in a checking account, is that "dying with too much money"?

2b2
Remember the words of Errol Flynn: “Any man who dies with more than five thousand dollars to his name is a FAILURE.”
by steve roy
Wed Jan 17, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Sanity Check on Asset Allocation
Replies: 8
Views: 1041

Re: Sanity Check on Asset Allocation

Wellington is good, but an equivalent AA on the index side would be Vanguard’s 60/40 Total Stock Market/Total Bond all-in-one fund. Eight basis points (I think) and it’s be n competitive with Wellington. (I have a lot of Wellesley, also index funds.)
by steve roy
Sat Jan 13, 2018 9:03 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2972
Views: 916452

Re: What Book Are You Currently Reading? Part VI

I posted a few days ago that I started Provenance by Ann Leckie. I slogged through 70+ percent of it and gave up for now. That far in and I'm not sure what the story is. For me at least, not up to her prior books. On the subject of partially read books: I have repeatedly tried to finish “The Honora...
by steve roy
Sat Jan 13, 2018 8:57 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2972
Views: 916452

Re: What Book Are You Currently Reading? Part VI

Just finished “Fire and Fury”. Entertaining read, particularly toward the end when Steve Bannon launches into several operatic rants. (Lots of White House/West Wing intrigue.) If you follow the news there are no big surprises, but several small ones. Remarkably, events have already outrun the end of...
by steve roy
Sat Jan 13, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: What happened to Larry Kudlow's Saturday radio program?
Replies: 5
Views: 1024

Re: What happened to Larry Kudlow's Saturday radio program?

I thought Larry was joining the administration. Maybe that’s it.
by steve roy
Tue Jan 09, 2018 12:35 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 211
Views: 19806

Re: Memo to those who have won the game: it's time to quit playing

Call_Me_Op wrote:
Sun Jan 07, 2018 10:52 am
What does "stop playing" mean?
To me it means when you’re dead.
by steve roy
Mon Jan 08, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: How to learn creative writing?
Replies: 23
Views: 1398

Re: How to learn creative writing?

Read a lot. Write a lot. Read “The Elements of Style” which S. King recommends.

Write every day because you can’t learn without doing, any more than you could learn to play tennis or play the piano without doing it.
by steve roy
Sun Dec 24, 2017 12:10 am
Forum: Investing - Theory, News & General
Topic: Do any of you follow Bob Brinker?
Replies: 65
Views: 8131

Re: Do any of you follow Bob Brinker?

I used to listen to Brinker and his radio show, also read his newsletter. He is quite Bogleheadish, with various model portfolios and a heavy tilt to Vanguard funds. The market timing part of his song and dance is flapdoodle. He used to tout the fact that he CALLED the 2001 peak and its subsequent d...
by steve roy
Sat Dec 23, 2017 2:41 pm
Forum: Investing - Theory, News & General
Topic: [Can you retire on] $5mm
Replies: 25
Views: 2931

Re: $5mm

Sorry, $5 million to retire on just wouldn't work for me. I'd have to give up the yacht and some of the household staff, and that would be intolerable.
by steve roy
Sat Dec 23, 2017 2:36 pm
Forum: Investing - Theory, News & General
Topic: "The Bond Experiment: Return to VBTLX (Vanguard Total Bond Market)"
Replies: 34
Views: 5760

Re: "The Bond Experiment: Return to VBTLX (Vanguard Total Bond Market)"

I think there's a tendency to overthink this stuff. I know that I fall into the "overthink" category. I've been in a Vanguard-administered 401(k) Plan for years. The Vanguard Target Date funds are heavily used. When Vanguard took over the administration of the Plan 4 years ago, everybody was shifted...