Search found 1379 matches

by steve roy
Sun Aug 20, 2017 5:25 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2870
Views: 843692

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: 3583

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: 2956

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: 2870
Views: 843692

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: 4330

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: 3040

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: 41
Views: 2862

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: 6763

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: 413

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: 4403

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: 413

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 ranges).
by steve roy
Thu Jun 22, 2017 11:07 pm
Forum: Personal Consumer Issues
Topic: Is the new Chevy Equinox any good?
Replies: 17
Views: 1548

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: 2012

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: 668

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: 617

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: 2606

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: 4297

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: 5690

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: 367

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: 1072

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: 1072

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: 9055

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: 5560

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: 5508

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: 1376

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: 3288

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: 2524
Views: 798810

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: 6915

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: 2870
Views: 843692

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: 6443

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: 2529

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: 560

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: 2524
Views: 798810

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: 375

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: 18240

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: 2484

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: 12021

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: m If you sort by maximum, I thin...
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: 4627

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: 4821

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: 315

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: 2574

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: 2339

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: 11114

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: 2215

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: 1961

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: 37471

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: 1128

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: 2524
Views: 798810

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: 4391

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: 577

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.