Search found 1338 matches

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: 1649

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: 9198

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: 1848

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: 1651

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: 35937

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: 882

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: 2212
Views: 610558

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: 3764

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: 467

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: 4203

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: 885

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: 3149

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: 2525

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: 1604

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: 159
Views: 10910

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: 41267

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: 1260

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: 1733
Views: 937988

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: 4276

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: 1589

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: 4276

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: 886

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: 2951

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: 2541
Views: 650699

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: 7809

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: 17009

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: 561

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: 2191

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: 28548

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: 211996

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: 1108

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: 2973

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: 6988

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: 2541
Views: 650699

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: 14034

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: 2541
Views: 650699

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...
by steve roy
Mon Dec 26, 2016 12:43 am
Forum: Investing - Theory, News & General
Topic: Improving the Dalio/Robbins All-Seasons Portfolio
Replies: 55
Views: 5049

Re: Improving the Dalio/Robbins All-Seasons Portfolio

If I may, the D/R All-Seasons Portfolio looks to be a kissing cousin of Harry Browne's Permanent Portfolio, profiled by William Bernstein several years ago: http://www.efficientfrontier.com/ef/0adhoc/harry.htm Nothing wrong with the similarities, as the PP has many strengths. (Note the asset classes...
by steve roy
Wed Dec 21, 2016 1:25 pm
Forum: Investing - Theory, News & General
Topic: What are the REAL reasons to avoid international?
Replies: 71
Views: 5551

Re: What are the REAL reasons to avoid international?

livesoft wrote:C'mon, the real reason is [remarks removed by non-moderator].

But we can't say the truth on this forum.


Because this forum can't HANDLE the truth!
by steve roy
Mon Dec 19, 2016 12:59 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2212
Views: 610558

Re: What Book Are You Currently Reading? Part VI

"Oral History: The Daily Show" A fast and entertaining read of the entire history of The Daily Show, though it is 98% focused on the Jon Stewart era. All the talent that worked on the show, the correspondents, producers, writers, and Mr. Stewart himself, talk about the evolution of the sho...
by steve roy
Mon Dec 19, 2016 12:47 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2541
Views: 650699

Re: What Movie Have You Recently Watched?

"Miss Sloane" with Jessica Chastain I wanted to like it more than I did. Performances are solid, but everybody talks like they've just written out their little speech and committed it to memory. This makes the proceedings a wee bit stilted. (However, much of the talk is entertaining). On t...
by steve roy
Mon Dec 19, 2016 12:36 am
Forum: Investing - Help with Personal Investments
Topic: Question for retirees? 3 fund portfolio + TIPS
Replies: 20
Views: 1608

Re: Question for retirees? 3 fund portfolio + TIPS

Erwin, Like Taylor, I had a slug of TIPS. Also like Taylor I sold them opting instead for 50% intermediate term bond index and 50% short term bond index. My reason for selling it is the bonds were doing next to nothing. I didn't change my bond allocation or my duration, just my choice of bonds. Of c...
by steve roy
Fri Dec 16, 2016 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: My "sleep well at night" number seems to be changing
Replies: 49
Views: 8117

Re: My "sleep well at night" number seems to be changing

Stock valuations are high, interest rates are rising so bond funds' net asset values are dropping. Don't blame you for being a bit kerflempt. The only "bargains" are in international, and I don't know how keen you are to buy more foreign equities and/or bonds. But maybe you should consider...
by steve roy
Fri Dec 09, 2016 6:24 pm
Forum: Investing - Theory, News & General
Topic: Do you think Slice and Dice makes it harder to stay the course?
Replies: 40
Views: 2528

Re: Do you think Slice and Dice makes it harder to stay the course?

I agree with many of the folks above. It might be MARGINALLY easier to "stay the course" with a Three-Fund portfolio, but you either stay focused and truetto your investment plan or you don't. Whether you have three funds or ten, you can't let yourself get buffeted by every change in the v...
by steve roy
Thu Nov 24, 2016 1:15 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2541
Views: 650699

Re: What Movie Have You Recently Watched?

The Mrs. and I just saw "Allied" with Brad Pitt. WWII romance-drama. Well-directed by Robert Zemeckis, but kinda slooow. Does build up tension, but I wish it had more twists and a brisker pace. The crowds at the AMC in which we viewed it were not jostling one another for good seats. There ...
by steve roy
Sun Nov 20, 2016 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Renting in L.A. - good school district
Replies: 16
Views: 1300

Re: Renting in L.A. - good school district

I was going to say the Arcadia school district out in the San Gabriel Valley, but too far from LAX. Sadly, I know little about the Burg's nearer the airport.
by steve roy
Wed Nov 02, 2016 2:16 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2212
Views: 610558

Re: What Book Are You Currently Reading? Part VI

"Wealth and Democracy" by Kevin Phillips. Written in 2002, Phillips does an artful job walking the reader through two hundred-plus years of American economic policy, and detailing how the country's economy has evolved and where it is today. He warns against America's over-sized financial s...
by steve roy
Fri Oct 28, 2016 11:47 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's latest market returns forecast
Replies: 380
Views: 31037

Re: Larry Swedroe's latest market returns forecast

Just did some fact checking. In Feb 2009, the trailing 12 month P/E was 84.46. Not sure why you think they were single digits. http://www.multpl.com/table?f=m It looks like the CAPE10 was around 16, which would forecast 6% x 1.1 = 6.6% returns forever using Larry's methodology. https://www.quandl.c...
by steve roy
Thu Oct 27, 2016 11:41 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's latest market returns forecast
Replies: 380
Views: 31037

Re: Larry Swedroe's latest market returns forecast

I'm on the other side of the fence (with Homer and maybe a few others, but it is pretty sparse over here) Which is really sad. I'm really surprised how few Bogleheads are stepping up and saying "No, you shouldn't time the market". ... . Welll, I'm a Boglehead, and I follow common sense. I...
by steve roy
Wed Sep 28, 2016 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement planning
Replies: 14
Views: 2763

Re: Retirement planning

After long and deep thought, my suggestions for the money would be as follows:

60% in Vanguard's Conservative Live Strategy Fund

40% in Vanguard's Wellesley Fund (Admiral).

This would give you a bit over 60% in bonds, good diversification, and something very easy to manage.
by steve roy
Fri Sep 16, 2016 3:07 pm
Forum: Investing - Theory, News & General
Topic: Nisiprius Investments Unveils New MDF Factor-Based Fund
Replies: 44
Views: 3556

Re: Nisiprius Investments Unveils New MDF Factor-Based Fund

Ah, so we're allowing SOLICITATIONS around here now?

What's next? Ads for T. Rowe Price? Fidelity? Edward Jones? (Or perhaps Alex Jones?)

Is this thread in danger of being locked? And the key thrown away?

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