Search found 1449 matches

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: 8978

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: 7
Views: 667

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: 3871

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: 9
Views: 917

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: 1500

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: 10582

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: 23
Views: 1694

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: 671

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: 3421

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: 5598
Views: 1264285

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: 1696

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: 3350
Views: 962985

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: 3683

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: 299

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: 964

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: 1539

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: 1539

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: 6543

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: 94
Views: 6500

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: 8313

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: 1015

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: 2850
Views: 894196

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: 2850
Views: 894196

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: 695

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: 210
Views: 18196

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: 1364

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: 64
Views: 6760

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: 2782

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: 5416

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...
by steve roy
Sat Dec 23, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Ever tempted to shut it down once you have “enough”?
Replies: 37
Views: 4278

Re: Ever tempted to shut it down once you have “enough”?

We've got a 35/65 stock-bond allocation, moving up to 30/70 in the next few months. I don't think it's a good idea to close off stocks altogether, since having SOME equity exposure is desirable. We anticipate more money flowing into accounts in the next few years (house sale, inheritance, etc.) and ...
by steve roy
Fri Dec 22, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Feels dumb to hold bonds - Currently 70% Stocks 30% Bonds
Replies: 97
Views: 12112

Re: Feels dumb to hold bonds - Currently 70% Stocks 30% Bonds

On a related topic: It was just days ago that posts cropped up here about investing in BitCoin. You know, using "fun money"? (Me, I don't have fun money. Only money. And I try and avoid tossing it away.) Funny how the people who were toying with investing just a bit of their cash in bitCoin have gon...
by steve roy
Fri Dec 22, 2017 8:33 pm
Forum: Personal Consumer Issues
Topic: New Honda CRV is MotorTrend's SUV of the year
Replies: 87
Views: 8517

Re: New Honda CRV is MotorTrend's SUV of the year

Consumer Report gives the Subaru Forester the nod as the top SUV ... unless something's changed in the last couple of weeks. We've driven the Foresters for almost two years, and like it a lot. Ok mileage, nice ride, comfortable seats, and the Eyesight collision avoidance system has come in handy. Pl...
by steve roy
Thu Dec 14, 2017 1:48 am
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 104
Views: 11129

Re: Small cap value vs. total market?

Tilting to small caps and/or value is a fine strategy. (I do it myself.) HOWEVER, you can choose a Vanguard LifeStrategy of Target Date Retirement Fund with automated allocations and rebalancings, and out-perform what I'm doing (80% domestic stocks, 20% foreign stocks; small cap and value tilt) by a...
by steve roy
Thu Dec 14, 2017 1:10 am
Forum: Investing - Help with Personal Investments
Topic: Only Wellington and Wellesley in retirement portfolio. Is that a good idea?
Replies: 15
Views: 2520

Re: Only Wellington and Wellesley in retirement portfolio. Is that a good idea?

I have a big slug of Wellesley in my tax-sheltered accounts, and it's performed like a champ over a period of years. A 50/50 allocation would be simple: half Wellesley and half Wellington. But you might want to consider half Wellesley (the old, domestic version) and half Vanguard LifeStrategy Conser...
by steve roy
Wed Dec 06, 2017 6:45 pm
Forum: Personal Consumer Issues
Topic: Recommended places to live
Replies: 54
Views: 5578

Re: Recommended places to live

Prescott, Arizona. 5,000 feet, four seasons.
by steve roy
Fri Dec 01, 2017 12:07 am
Forum: Investing - Help with Personal Investments
Topic: retirement strategy
Replies: 24
Views: 2928

Re: retirement strategy

My advice? Think about NOT diving into retirement with a higher stock exposure. Equities aren't undervalued, even though they may go higher for several more years. There's a reasonably good chance that won't happen. I wouldn't bet the health of my retirement on stocks outperforming, especially in th...
by steve roy
Thu Nov 30, 2017 11:51 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3350
Views: 962985

Re: What Movie Have You Recently Watched?

"Three Billboards Outside Ebbing, Missouri" Funny. Unsettling. Nerve-Wracking. Frances McDormond etches a vivid portrait of a woman on a mission in the small-town South. Woody Harrelson memorably co-stars as a small-town sheriff who, even after his exit, continues to drive narrative. This flick ends...
by steve roy
Wed Nov 29, 2017 8:49 pm
Forum: Investing - Theory, News & General
Topic: Which crash have you seen it before it is coming?
Replies: 134
Views: 10323

Re: Which crash have you seen it before it is coming?

It was August 2007 and I still owned individual stocks ... in this case, Goldman Sachs. September rolled around and Goldman shares were falling like an anvil pushed out of a C-130. I got rid of all my shares. I presumed the company would soon cease to exist. I would have been right, except that Uncl...
by steve roy
Mon Nov 27, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis: Can you get to the bottom of things?
Replies: 136
Views: 9837

Re: Analysis Paralysis: Can you get to the bottom of things?

I've likely posted this before (in fact, almost certain I have) but here it is again: One of my closest friends has a doctorate in economics from Cornell. He's run his own company advising large clients about market strategies, he's taught in universities, he's been a member of the President's Counc...
by steve roy
Sat Nov 25, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis: Can you get to the bottom of things?
Replies: 136
Views: 9837

Re: Analysis Paralysis: Can you get to the bottom of things?

Here's the secret: Set up a Three Fund Portfolio, dump a bunch of money in it, then ignore it for thirty-five years. Pretend you don't have it. Three and a half decades from now you'll discover you're a quite successful investor. And you've avoided all the Deep Diving.
by steve roy
Sat Nov 25, 2017 5:21 pm
Forum: Personal Consumer Issues
Topic: The Wolf of Wall Street
Replies: 33
Views: 4765

Re: The Wolf of Wall Street

nisiprius stated, concerning the film The Wolf of Wall Street , To enjoy it requires a certain adolescent attitude, It also requires a stomach for a certain word referring to carnal knowledge. Someone from Variety Magazine went ahead, saved us all the trouble of doing so, and counted the F-bombs in...
by steve roy
Sat Nov 25, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 30384

Re: Anyone tired of the stock market going up?

It’s easy to avoid fretting over the markets.

Set up the LifeStrategy fund of your choice, start automatic contributions from your checking account, and then forget about the stock or bond markets or that you have money in them.

In other words, focus on anything but equity markets and investing.
by steve roy
Tue Nov 21, 2017 12:47 am
Forum: Investing - Help with Personal Investments
Topic: Slice and Dice
Replies: 40
Views: 3530

Re: Slice and Dice

I slice and dice. But I question myself all the time: "How much good is this doing?" It might do a bit of good ... or might not. The quaint little secret is, it's NOT the slicing and dicing, but the overall stock bond allocation that ultimately makes you a successful investor. If you want less hassl...
by steve roy
Thu Nov 16, 2017 8:14 pm
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 98
Views: 5770

Re: Where did you first learn about investing?

My FIRST lesson/experience were negative lessons from my unhelpful financial advisor.

He was warm and folksy during our breakfasts together. Everything else he did ultimately left a sour taste.
by steve roy
Sun Nov 05, 2017 8:14 pm
Forum: Investing - Theory, News & General
Topic: Did Vanguard change from 20% to 30% stock in TD retirement income fund?
Replies: 19
Views: 2368

Re: Did Vanguard change from 20% to 30% stock in TD retirement income fund?

. Yes, Vanguard changed the stock percentage in the Target Date Retirement Income fund from 20% to 30% in 2006. See the Wiki page: https://www.bogleheads.org/wiki/Vanguard_target_retirement_funds "In the years since launching the TR funds, Vanguard has made two significant changes to the funds' ass...
by steve roy
Sat Nov 04, 2017 11:16 pm
Forum: Investing - Theory, News & General
Topic: Did Vanguard change from 20% to 30% stock in TD retirement income fund?
Replies: 19
Views: 2368

Re: Did Vanguard change from 20% to 30% stock in TD retirement income fund?

Nope, don't remember 20%.

Lifestrategy Income is 20% stocks. Target Date Income has been at 30% for as long as I can recall.
by steve roy
Tue Oct 31, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 84
Views: 6096

Re: New Car: Ever make sense to lease?

Leasing can be a fine way to go, depending on the circumstance. Here's one such circumstance that happened to the Mrs. and me: A long while ago, a couple of Honda dealers put out print ads offering Honda Civic leases for $64 or $67 per moth, depending on whether the cars were automatics or sticks. $...
by steve roy
Sun Oct 29, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: What is the point of an ETF version of a total stock index fund?
Replies: 15
Views: 1204

Re: What is the point of an ETF version of a total stock index fund?

Because if you only have enough money for Vanguard Investor shares, then buying the ETF version gets you in at the lower Admiral cost.
by steve roy
Sat Oct 28, 2017 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: What is on your Pre and/or Post Retirement Bucket List?
Replies: 23
Views: 2065

Re: What is on your Pre and/or Post Retirement Bucket List?

I retired 11 months ago. DW hung it up in July, 2017. We decided to frontload travel while we're both ambulatory and perky, and have been to Europe, the South Pacific, Pennsylvania and the enchanting land of Florida. We'll be doing more travel in the next couple of years, but just now we're close to...