Search found 1284 matches

by steve roy
Thu Aug 18, 2016 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: The Three-Fund Portfolio [Minimizing tax impacts]
Replies: 8
Views: 926

Re: The Three-Fund Portfolio [Minimizing tax impacts]

VG Intermediate Tax Exempt Bonds are of shorter duration than Total Bond. If you need to put bonds in taxable, they might be a good option.
by steve roy
Mon Aug 01, 2016 11:39 am
Forum: Personal Finance (Not Investing)
Topic: has anyone wished they worked one or two more years
Replies: 76
Views: 6558

Re: has anyone wished they worked one or two more years

Work another year or two? Uh, no. I wanted to retire at 65, but circumstances compelled me to work until the age of 68. Now, if I could swing it so that, paraphrasing Mark Twain, "I'm employed, but not working," I would cheerfully keep on until 70. But the work has gotten more strenuous in...
by steve roy
Sun Jul 31, 2016 7:47 pm
Forum: Investing - Theory, News & General
Topic: Sigh. IlliniDave = Market Timer (VGENX) [Vanguard Energy Fund]
Replies: 58
Views: 8373

Re: Sigh. IlliniDave = Market Timer (VGENX) [Vanguard Energy Fund]

I must be witless, for I have no Play Money, but only Money.

I put it in various accounts per my investment plan.
by steve roy
Sun Jul 31, 2016 6:32 pm
Forum: Investing - Theory, News & General
Topic: 20% complete - Now What?
Replies: 3
Views: 534

Re: 20% complete - Now What?

Max the Roth and other retirement accounts. Aim at a 70% stock, 30% bond allocation (broadly diversified).

Don't over-splurge. (So yeah, put most of that $5500 goes into the TSP).

Be as safe as you can during deployment. Make sure your chute and reserve are in tip-top operating order.
by steve roy
Sat Jul 23, 2016 11:32 am
Forum: Investing - Help with Personal Investments
Topic: I just rebalanced my 401k and Roth IRA. 100% VTTHX. Did I mess up?
Replies: 5
Views: 463

Re: I just rebalanced my 401k and Roth IRA. 100% VTTHX. Did I mess up?

Given your age, you've made an excellent choice.

If you were 78 and had hit your number, something else again.
by steve roy
Sat Jul 23, 2016 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Total market vs split by cap & grow/value
Replies: 7
Views: 530

Re: Total market vs split by cap & grow/value

Three equity funds gets more complicated with rebalancing (although I don't think it's a major deal). Question is: Would your slice-and-dice strategy outperform a sing cap-weighted fund? It has in the past, but nobody knows if it will in the future. And, of course, looking at past performance is ful...
by steve roy
Tue Jul 12, 2016 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Balanced Index Fund
Replies: 8
Views: 899

Re: Balanced Index Fund

I think a wiser choice would be adding total international. Nobody knows if including Emerging Markets in a portfolio will be a good thing or bad thing. But I think having the complete world market is a fine way to go. When you say "wise", I assume that's code for "Hey, will this be a...
by steve roy
Mon Jul 11, 2016 6:10 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 198
Views: 19985

Re: Roll Call for the Retirement Class of 2016!

Victoria?

Are us 2016 retirees getting a nice plaque? A key-chain perhaps? Maybe a thumb drive? Seems only right.
by steve roy
Mon Jul 11, 2016 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on adding Wellesley to 3-Fund Portfolio in Roth IRA
Replies: 19
Views: 1409

Re: Thoughts on adding Wellesley to 3-Fund Portfolio in Roth IRA

I've had a big part of my Roth IRA invested in Wellesley for years and years. But then, I'm a geezer, not a twenty-something. For you, I think you're better served in the stock index funds of your choice.
by steve roy
Mon Jul 11, 2016 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Best bond strategy going forward?
Replies: 23
Views: 2314

Re: Best bond strategy going forward?

May I add here that if you were invested inb the Vanguard Intermediate Term Bond Index ... with a slightly longer duration and slightly smaller dollop of government bonds ... you would be doing better than you would if you were invested in Total Bond Market. May I also add that I have been overweigh...
by steve roy
Tue Jun 28, 2016 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house that doesn't get any bids. Having Cold Feet!
Replies: 13
Views: 1883

Re: Buying a house that doesn't get any bids. Having Cold Feet!

We bought a house twenty years ago that had been on the market a year without a nibble. We got a good price for it because the sellers wanted badly to sell. Luckily for us, the owners owned a dump and they made no effort to fix it up. We'll be selling the former dump next year; if prices hold, we wi...
by steve roy
Wed Jun 22, 2016 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Will there ever be a better time to sell off my international stake?
Replies: 35
Views: 3247

Re: Will there ever be a better time to sell off my international stake?

Does the Buffett/Bogle advice "Buy and HOLD" mean anything to you?
by steve roy
Sun Jun 19, 2016 10:42 pm
Forum: Personal Consumer Issues
Topic: Buying a used car from a rental agency
Replies: 23
Views: 2043

Re: Buying a used car from a rental agency

We've bought a few Hertz rentals over the years. My mother-in-law had one. Never any problems with them.
by steve roy
Sun Jun 19, 2016 10:39 pm
Forum: Personal Consumer Issues
Topic: Older MacBook: what could go wrong?
Replies: 12
Views: 1374

Re: Older MacBook: what could go wrong?

The wife and I have used Macbook Airs for some years, and like them. I think when you get a five-year-old computer that has started on the firtz, you're probably well-advised to buy a new one.

So why not take your old model AND a new one with you? So you've got a backup if disaster happens?
by steve roy
Sat Jun 18, 2016 5:21 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1778
Views: 423959

Re: What Book Are You Currently Reading? Part VI

"THIS GULF OF FIRE" by Mark Molesky An in-depth look at the earthquake, tsunami and fire that destroyed Lisbon, Portugal in 1755. Lisbon was the wealthiest city in Europe when a huge earthquake leveled wide sections of Portugal's capital and brought about big changes to its government and ...
by steve roy
Sat Jun 18, 2016 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: cost of raising kids. BHs experience through college
Replies: 76
Views: 4465

Re: cost of raising kids. BHs experience through college

The costs go up only as much as you can afford to pay them. For instance, families who do not have zillions of dollars will not have kids that cost them zillions of dollars. Families without zillions find ways of paying for day care, but not the expensive day care often mentioned in the forum. Most...
by steve roy
Fri Jun 17, 2016 5:59 pm
Forum: Investing - Theory, News & General
Topic: At what point (if any) would you change your AA?
Replies: 23
Views: 1552

Re: At what point (if any) would you change your AA?

If my stock indexfunds' P/E dropped to single digits, I would do a small tactical rebalance, from 30/70 to 40/60 or thereabouts.

Maybe it's wrong, but I'm weak. That's likely be the only circumstance where I would do that.
by steve roy
Fri Jun 17, 2016 1:36 pm
Forum: Investing - Theory, News & General
Topic: 60:40 is dead: Charles Sizemore
Replies: 51
Views: 6144

Re: 60:40 is dead: Charles Sizemore

Toons wrote:60/40 is Dead.
I feel better.
I will be ok then.
I am 70/30 :happy


And I'm 30/70, so I'm good.

What a freaking RELIEF!
by steve roy
Sun Jun 12, 2016 3:00 pm
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 118
Views: 6608

Re: What is your overall portfolio weighted expense ratio

Either 9 or 10 basis points. With Vanguard we're at 11 basis points, and the wife has a chunk of money with TSP which averages 3-4 basis points.

I'm doing back-of-the-envelope guesstimate. Might be as low as 8 basis points, who knows?
by steve roy
Fri Jun 10, 2016 7:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Long Term Tax Exempt Bond fund has been a good investment
Replies: 6
Views: 1169

Re: Vanguard Long Term Tax Exempt Bond fund has been a good investment

Might I point out that Vanguard's "Long-Term" tax exempt bond fund isn't all that long term. It's really just slightly longer in duration than the Vanguard Intermediate Bond Index. Always good to look at the durations of various "Intermediate" and "Long Term" funds. Bec...
by steve roy
Thu Jun 09, 2016 7:45 pm
Forum: Investing - Theory, News & General
Topic: Int'l Bonds - "A Key Asset Class Most Investors Completely Ignore"
Replies: 76
Views: 6115

Re: Int'l Bonds - "A Key Asset Class Most Investors Completely Ignore"

No international bonds here boss!

And there ain't gonna be.
by steve roy
Mon Jun 06, 2016 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: After 30 yrs at Megacorp my IT job was surplussed...
Replies: 52
Views: 6602

Re: After 30 yrs at Megacorp my IT job was surplussed...

Silly, minor thing re your workout routine. If you run for cardio, I would consider walking for cardio instead. I pounded away as a runner for eighteen years, then the shin splints started, I got more aches and pains ... and I switched to power walking. (I tried bicycling but after coming close to b...
by steve roy
Mon Jun 06, 2016 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Final portfolio construction: Add SCV or Increase equity exposure?
Replies: 26
Views: 1898

Re: Final portfolio construction: Add SCV or Increase equity exposure?

Speaking as somebody who tilts small cap and value, I think that a simple three-fund allocation will suffice. Reason being, we don't know how small cap value will perform going forward, and we don't know how Total Stock Market (or the similar S & P 500) will do over the next year, five years, fi...
by steve roy
Sun Jun 05, 2016 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: "Don't make this gigantic Social Security mistake"
Replies: 69
Views: 9155

Re: "Don't make this gigantic Social Security mistake"

But figure 1 in http://crr.bc.edu/wp-content/uploads/2015/05/IB_15-8.pdf shows that about half claim at 62, about one-third claim at FRA, and only about 3% claim at 70. This seems much different than what I hear on this board. .... The people on this board do not necessarily overlap very much with ...
by steve roy
Sun Jun 05, 2016 6:13 pm
Forum: Personal Consumer Issues
Topic: Southwest Companion Pass
Replies: 14
Views: 1498

Re: Southwest Companion Pass

My bride has a SWA companion pass and she's frustrated that she hasn't used it more than she has. The problem is I'm still working and can't fly as often as she does. I think, after we're both retired, she will make better use of it. To make it work well it's good to have an idea how you're going to...
by steve roy
Sat Jun 04, 2016 12:58 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1052
Views: 169286

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

Up .7% for the year.

Up 4.5% for five years.

Up 4.6% for ten years.

Stock-bonds: 30%/70%. Small cap-value tilt. Short bond durations (3.5-4 years)
by steve roy
Sat Jun 04, 2016 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: How persnickety are you with your rebalance bands?
Replies: 39
Views: 2812

Re: How persnickety are you with your rebalance bands?

I'm not persnickety at all. I've got six months of accumulation left before retirement, and the wife has a bunch of money in the Federal TSP, so I have only an estimate of asset percentages from Vanguard's "Portfolio Analysis." (Vanguard is where most of the loot is stashed.) The goal is a...
by steve roy
Fri Jun 03, 2016 2:31 pm
Forum: Investing - Theory, News & General
Topic: Recession hitting within next twelve months...
Replies: 31
Views: 4627

Re: Recession hitting within next twelve months...

Market prognosticators were placed on earth by God (who has, in all things, a fine sense of humor) to make gypsy fortune tellers look good.
by steve roy
Wed Jun 01, 2016 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: How did you educate your kids on finances
Replies: 32
Views: 2583

Re: How did you educate your kids on finances

I've tried and tried, without success. Older kid (now 29 years old) went to work at an early age and "always wanted to be in charge". He dropped out of college over his parents' strenuous objections and went to work for Southwest Airlines, down at the bottom of their heap. Today he is a SW...
by steve roy
Sat May 28, 2016 3:15 pm
Forum: Personal Consumer Issues
Topic: tips for weight exercises/training
Replies: 81
Views: 5406

Re: tips for weight exercises/training

Walk. Walk every day. Fifteen minutes at first, then slowly up it to an hour. Doing this long term is key.

Add simple upper body exercises over time but don't overdo it. Injuries result. The goal here is sustainable over all health. Diet and portion control also essential. Minimize desserts.
by steve roy
Fri May 27, 2016 4:51 pm
Forum: Personal Consumer Issues
Topic: Do I want a house with a pool?
Replies: 96
Views: 7536

Re: Do I want a house with a pool?

We have a largish chlorine/H20 rectangle in the front yard. Wish we didn't. Wished the same thing when we bought the house, but we purchased the abode anyway. We've lived in the house for twenty-two years, and this is how it's gone: First few years, we covered that pool up, tried to ignore we had it...
by steve roy
Mon May 23, 2016 12:03 pm
Forum: Personal Consumer Issues
Topic: WW2 Books & Education
Replies: 91
Views: 3513

Re: WW2 Books & Education

A good overview: The Second World War, Antony Beevor Some of my personal favorites: Citizen Soldiers, Stephen Ambrose Band of Brothers, Stephen Ambrose The Good War, Studs Terkel WIth the Old Breed, At Peleliu and Okinawa - E.B. Sledge Guadalcanal Diary, Richard Tregaskis Night, Elie Wiesel Soldat,...
by steve roy
Fri May 20, 2016 12:03 pm
Forum: Personal Consumer Issues
Topic: series/ movies filmed in your home town?
Replies: 87
Views: 3405

Re: series/ movies filmed in your home town?

I live in L.A., so it's pointless to name movies filmed here. But this, about "It's A Wonderful Life" (set in upstate New York) is semi-interesting: http://drawnonadime.blogspot.com/2007/12/its-wonderful-life-then-now.html Bedford Falls in "It's a Wonderful Life" is patterned aft...
by steve roy
Tue May 17, 2016 5:57 pm
Forum: Personal Consumer Issues
Topic: Las Vegas in July
Replies: 34
Views: 3214

Re: Las Vegas in July

If you're lucky enough to park your car in a non-covered lot in Vegas during July, bring your knitted pot holders.

You'll need them to manipulate door handles and the steering wheel of your vehicle.
by steve roy
Tue May 17, 2016 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: IF YOU TILT small cap, DO YOU PAIR SP500 or TSM with it?
Replies: 43
Views: 2932

Re: IF YOU TILT small cap, DO YOU PAIR SP500 or TSM with it?

Here's what I do: 70% bonds*/30% stocks Bonds: Intermediate Term funds Stocks: 70% domestic , of which 50% is Total Stock Market/50% Small Cap Value 30% International , most of which is the Vanguard International Small Cap ETF I'm a believer that small cap/small cap value will earn more over time. A...
by steve roy
Sun May 15, 2016 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Destination, Not Journey?
Replies: 20
Views: 2431

Re: Destination, Not Journey?

I give you the wisdom of my youngest son:

"Dad? Life's a journey ... and we're ALL headed to the same place."

So strive to chill about it.
by steve roy
Sun May 15, 2016 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Rich But Middle Class
Replies: 233
Views: 23149

Re: Rich But Middle Class

My rule of thumb: The more money you make, the more options you have (both good and bad). You and the Mrs. should analyze where you are and prioritize . If you move to a lower-cost area and send your daughters to good public schools, your cash flow increases and that increases your options. If you a...
by steve roy
Sun May 15, 2016 1:49 am
Forum: Investing - Theory, News & General
Topic: Bogleheads® Wiki 2016 annual report
Replies: 21
Views: 2050

Re: Bogleheads® Wiki 2016 annual report

LOVE the Wiki. Great tool, great resource.
by steve roy
Tue May 10, 2016 5:26 pm
Forum: Investing - Theory, News & General
Topic: "The Value of Active Management" - a thoughtful analysis
Replies: 14
Views: 3058

Re: "The Value of Active Management" - a thoughtful analysis

On a related (but sad) note for active management enthusiasts*: Defeated managers, in assets globally ** Active managers missed hitting their benchmark in every case. http://ritholtz.com/2016/05/defeated-managers-assets-globally/ ** Apologies if this was put up elsewhere. Technoklutz that I am, I fa...
by steve roy
Tue May 10, 2016 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: How often to rebalance?
Replies: 39
Views: 3736

Re: How often to rebalance?

I haven't rebalanced in years. My bands are wide (7%) and I find that things swing up and down over time.
by steve roy
Mon May 02, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Sue your employer over 401k
Replies: 26
Views: 3656

Re: Sue your employer over 401k

Federal regulations have tightened, and there have been a number of lawsuits by 401(k) participants that have caused 401(k) trustees to look at the way they're running their plans. Bottom line: when Plan trustees ignore costs, and can't demonstrate that they've paid attention to that aspect of plan ...
by steve roy
Mon May 02, 2016 11:33 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads TRAVEL?
Replies: 81
Views: 8932

Re: How to Bogleheads TRAVEL?

We book vacations as much as two years in advance. The Mrs. zips around the internet and looks for bargains, and we use lots of credit card points. (It also helps to have a son that is an exec with an airline and we can often fly gratis.) We'll be retiring a year hence and plan to do a lot more barg...
by steve roy
Wed Apr 27, 2016 1:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Manager Changes
Replies: 9
Views: 1263

Re: Vanguard Manager Changes

Good index fund managers do make a wee bit of difference, but yeah. It's not a major issue.

Vanguard people getting promoted up the ladder might be of interest to a few here.
by steve roy
Wed Apr 27, 2016 10:58 am
Forum: Investing - Theory, News & General
Topic: Vanguard Manager Changes
Replies: 9
Views: 1263

Vanguard Manager Changes

For the deep-research enthusiasts among us, this: Portfolio manager changes effective April 27 The annual prospectus updates effective April 27 for 14 Vanguard index funds reflect portfolio manager rotations within Vanguard Equity Index Group. Some of the individuals who are no longer named portfoli...
by steve roy
Sun Apr 17, 2016 7:41 pm
Forum: Investing - Theory, News & General
Topic: What are Pros and Cons to the "Four Hour Workweek?"
Replies: 99
Views: 12041

Re: What are Pros and Cons to the "Four Hour Workweek?"

Tonight, I had dinner with an old friend who is a successful entrepreneur. ... Guys, I left this dinner feeling like I missed out on something. I work 8-6 everyday, long commute, and I don't make 1/4 of what he makes. What am I missing? Did he build the dream life? Or are there cons to the Four Hou...
by steve roy
Sun Apr 17, 2016 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: best way to go to cash/safer than stocks in Vanguard?
Replies: 16
Views: 2038

Re: best way to go to cash/safer than stocks in Vanguard?

I would say a short term bond fund or prime money market fund.
by steve roy
Sun Apr 17, 2016 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Core 4 vs Small
Replies: 9
Views: 1033

Re: Core 4 vs Small

Look at the contest: '70s and '80s, with bonds long-term and otherwise being jacked to historic highs, then three decades of slowly deflating interest rates to keep bond valuations high. And stocks, after the big drop in '73-'74 and then bumping along for another eight years, had a steady climb whic...
by steve roy
Fri Apr 15, 2016 11:03 am
Forum: Investing - Theory, News & General
Topic: If wall street is rigged and corrupt , why invest in it?
Replies: 64
Views: 5473

Re: If wall street is rigged and corrupt , why invest in it?

You can avoid a lot of the "corruptions" (high-margin profit-taking) by avoiding hedge funds, expensive, actively-managed mutual funds, and diving into broad-market, lower cost index funds. Some companies game the system, but is that corruption? Maybe. All I know is that MY job as an inves...
by steve roy
Thu Apr 14, 2016 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Lazy portfolio - Mutual funds or ETFs?
Replies: 42
Views: 5026

Re: Lazy portfolio - Mutual funds or ETFs?

I purchase Vanguard Mutual Funds, Admiral share classes EXCEPT .... in the case of Vanguard FTSE All-World ex-US Small-Cap. For the small cap, I buy the ETF (VSS) because there is no Admiral share class available and I want the lower price offered in the ETF format. (Ordinarily, Vanguard ETFs are th...
by steve roy
Mon Apr 11, 2016 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Tilt or no tilt (mid 40s, $4-5M)
Replies: 56
Views: 5338

Re: Tilt or no tilt (mid 40s, $4-5M)

I tilt to Small Cap Value: 40% Total Stock Market; 20% mid cap; 40% small cap value. (All Vanguard funds.) Tilting works fine for me, but I don't think it's the end-all and be-all. People who choose, say, Life-Strategy or Target Date funds will do fine ... and better than tilters at some points in t...

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