Search found 1415 matches

by steve roy
Wed Dec 06, 2017 6:45 pm
Forum: Personal Consumer Issues
Topic: Recommended places to live
Replies: 54
Views: 5210

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: 2651

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: 3124
Views: 919099

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: 9475

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: 134
Views: 8664

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: 134
Views: 8664

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: 4541

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: 213
Views: 16232

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: 3280

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: 5097

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: 2241

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: 2241

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: 5589

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: 1098

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: 1891

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...
by steve roy
Thu Oct 26, 2017 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Hello from a late starter
Replies: 9
Views: 1508

Re: Hello from a late starter

The secret about investing? The mechanics of it are not hard. It's the follow-through and maintaining a strategy that's difficult. The impulse of most people is to panic, cut and run when your asset allocation (stocks/bonds) hits choppy seas, and your money totals decrease and you think "Oh sh*t! I'...
by steve roy
Thu Oct 26, 2017 10:45 am
Forum: Investing - Help with Personal Investments
Topic: when to rebalance?
Replies: 6
Views: 366

Re: when to rebalance?

I wait until my AA is 5+% out of whack. Others rebalance every 12 months, 36 months, etc.

For me, it's not super crucial that my asset allocation is right on the money. If I'm within hailing distance, I'm good.
by steve roy
Mon Oct 23, 2017 7:58 pm
Forum: Personal Consumer Issues
Topic: what is your weekly workout routine?
Replies: 68
Views: 4534

Re: what is your weekly workout routine?

68 years old. 6 feet, two-and-a-half inches. One hundred sixty-two pounds. Seventy-five to ninety minutes of brisk walking per day; two meals per day (chicken, fish, vegetables and fresh fruit. And one cup of coffee. Also the usual handful of vitamins and a moderate dose statin.) Upper body work one...
by steve roy
Mon Oct 23, 2017 8:56 am
Forum: Local Chapters and Bogleheads Community
Topic: Thank you Jack, Taylor and Mel!!
Replies: 27
Views: 2935

Re: Thank you Jack, Taylor and Mel!!

Mrs. SR and I had a fabulous time at the BH conference. Many thanks to everyone who made the gathering tick along like fine-crafted Alpine watch.
by steve roy
Mon Oct 23, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 175
Views: 18196

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Had a long term financial advisor who not only added no value but took it away. Tense final meeting, and he foot-dragged letting go of my money. Never again.
by steve roy
Thu Oct 12, 2017 10:39 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4524

Re: 10 year anniversary of the beginning of the Great Recession

By the time '08-'09 rolled around, I had learned enough not to panic and start shifting assets around. So I just rolled through the downturn, not touching anything, just gritting my teeth and trying not to cry myself to sleep every other night. I retired the tail end of last year. My wife followed s...
by steve roy
Mon Oct 09, 2017 6:25 pm
Forum: Investing - Theory, News & General
Topic: Life-insurance for young couple. Advice?
Replies: 23
Views: 1949

Re: Life-insurance for young couple. Advice?

I bought term life insurance in my thirties. At the time, I was newly married with one child. I bought too little life insurance ($250,000) but got away with it. At the time it cost around $500 per year. (This was the mid 80s.) Now I am oldly married, the two kids are adults and my life insurance we...
by steve roy
Mon Oct 09, 2017 12:13 am
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12684

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

Joseph Kennedy was a market timer. He got out of stocks in 1929 because he thought the market was getting a wee bit unhinged. Warren Buffett is a market timer. He was advising people to buy stocks after the 2008 crash. He wrote a newspaper column about it. People who take advantage of large market m...
by steve roy
Sun Oct 01, 2017 7:47 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2687
Views: 861641

Re: What Book Are You Currently Reading? Part VI

"Dark Money" by Jane Mayer, a writer for the New Yorker.

It's about the current state of our U.S. political system, focusing on Charles and Dvid Koch. Well'-written and well-researched, I find it fascinating.
by steve roy
Sat Sep 30, 2017 10:53 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 15727

Re: Why do you LBYM? Why do you save and invest?

Of course, the truly frugal wouldn't be in MacDonalds in the first place. They'd be buying in bulk at Cost Co and eating at home.
by steve roy
Tue Sep 26, 2017 12:13 am
Forum: Investing - Help with Personal Investments
Topic: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs
Replies: 52
Views: 6377

Re: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs

My suggestion? 60% Lifestrategy Consetvative Growth and 40% Wellesley. You could also build a Three Fund Portfolio plus Wellesley to lower costs a bit.
by steve roy
Sat Sep 23, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: [How do I rebalance my Three-Fund Portfolio?]
Replies: 2
Views: 532

Re: [How do I rebalance my Three-Fund Portfolio?]

Generally speaking, the bond side of your allocation should be parked in your tax-advantaged accounts, with the total stock index and total international index on the investment side of the ledger. Then just set your percentages and have at it. (Note: Mrs. Steve Roy and I have an allocation of 30/70...
by steve roy
Wed Sep 20, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: Net Worth divided between taxable and tax-advantaged accounts
Replies: 4
Views: 1018

Re: Net Worth divided between taxable and tax-advantaged accounts

Since tax rates bounce around over time, there's no way to quantify the after-tax value of your net worth as we travel across the years and decades. Happily, I've never tried to do that. If I have enough cash to meet my needs, I'm good.
by steve roy
Mon Sep 18, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - FI? / Long Term Allocation
Replies: 4
Views: 395

Re: Portfolio Review - FI? / Long Term Allocation

If you're looking to conserve the stash youve got: 40/60 three fund portfolio (or the equivalent). If you want to grow it (take more risk): 60/40.
by steve roy
Sun Sep 10, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Alternatives to money market funds?
Replies: 8
Views: 942

Re: Alternatives to money market funds?

For more interest payouts (and, sadly, more RISK), consider short-term corporate or investment grade bond funds.

VG investment grade bonds is a "Vanguard Select" fund.

https://personal.vanguard.com/us/funds/ ... undId=0039
by steve roy
Sat Sep 09, 2017 2:22 pm
Forum: Investing - Theory, News & General
Topic: Yes Virginia, you can lose money in bonds
Replies: 36
Views: 5214

Re: Yes Virginia, you can lose money in bonds

... it’s very unlikely that Central Banks around the world will ever let inflation get out of hand again, as during the 1955-1980 period. Just my two cents. It's pretty to think so, but I never under-estimate the blindness and short-term greed of human beings. (You would think after the carnage of ...
by steve roy
Wed Sep 06, 2017 5:00 pm
Forum: Investing - Theory, News & General
Topic: Bond Fund Philosophy
Replies: 18
Views: 2890

Re: Bond Fund Philosophy

I wouldn't consider rental properties "fixed income" investments. (For example, I live in Southern California, and if my -- hypothetical -- apartment units were turned into kindling when the San Andreas fault gave a loud belch, no more monthly rent money.)

Bonds are fixed income. Other things, not.
by steve roy
Mon Sep 04, 2017 7:50 pm
Forum: Personal Consumer Issues
Topic: Coyote Defense
Replies: 69
Views: 5609

Re: Coyote Defense

Coyotes are ubiquitous in the Southern California foothills. I used to carry a golf club when I walked early in the morning, now I just don't go up in the hills until the sun is high. There's a golf course near our house, and packs of coyotes lounge on the greens. Not worried about one or two, but w...
by steve roy
Mon Sep 04, 2017 10:06 am
Forum: Investing - Theory, News & General
Topic: Do you use lifestrategy/ asset allocation funds?
Replies: 77
Views: 13634

Re: Do you use lifestrategy/ asset allocation funds?

I use the Vanguard Target Date 2015 Allocation in my 401(k) and like it. When I was a trustee of this particular 401(k) Plan, I recommended the Target Date Funds to participants because A) they were institutional shares and less expensive than the retail version offered on the Vanguard website and B...
by steve roy
Sun Aug 20, 2017 5:25 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3124
Views: 919099

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: 4065

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: 3343

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: 3124
Views: 919099

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: 4916

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: 3349

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: 79
Views: 6921

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: 7475

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: 476

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: 5010

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: 476

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 ...
by steve roy
Thu Jun 22, 2017 11:07 pm
Forum: Personal Consumer Issues
Topic: Is the new Chevy Equinox any good?
Replies: 59
Views: 6017

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 90s were A...
by steve roy
Tue Jun 20, 2017 11:42 pm
Forum: Investing - Theory, News & General
Topic: LifeStrategy or Target Retirement Funds?
Replies: 17
Views: 2346

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: 791

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 ...