Search found 109 matches

by zengolf2011
Thu Oct 11, 2018 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: When stocks and bonds drop at the same time, what do you do?
Replies: 40
Views: 4326

Re: When stocks and bonds drop at the same time, what do you do?

When I was in the accumulation phase, during stock market drops I bought as many shares in stock funds as I could afford. I didn't sweat bond fund dips. Now I'm in the distribution phase, and I can tell you the two phases are totally different. Now that I face Required Minimum Distributions, I maint...
by zengolf2011
Sun Sep 23, 2018 11:11 pm
Forum: Personal Consumer Issues
Topic: When is it OK to not go through car insurance after you've been hit?
Replies: 17
Views: 1881

Re: When is it OK to not go through car insurance after you've been hit?

Sorry, but I would have to say it's usually a mistake to forgo the insurance process. Twice I have let someone who hit my car talk me into not reporting. Twice I regretted it. In the first case, my car sustained several thousand dollars of damage. The other driver begged me not to report the acciden...
by zengolf2011
Sun Sep 23, 2018 9:24 am
Forum: Investing - Theory, News & General
Topic: How do you define your success in our life, career and job?
Replies: 25
Views: 1806

Re: How do you define your success in our life, career and job?

lostdog wrote:
Sun Sep 23, 2018 8:10 am
You are not your vocation. You are not your bank account. You are just you.

Health, family, friends, hobbies is all that matters.
Love your tag line: That's your life ticking away... [paraphrase, not a quote]
by zengolf2011
Fri Sep 14, 2018 1:07 am
Forum: Investing - Help with Personal Investments
Topic: Question for RMD'ers with predominantly bond IRAs
Replies: 11
Views: 931

Re: Question for RMD'ers with predominantly bond IRAs

How about a cd ladder? Maybe 1-2 years in mm, then a 2-3 year ladder. Like many of the other respondents, we keep laddered CDs and short-term bond funds representing three years of RMDs in TIRAs. Our TIRAs are primarily invested in intermediate-term bonds, but with small equity stakes. We plan to t...
by zengolf2011
Thu Sep 13, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Question for RMD'ers with predominantly bond IRAs
Replies: 11
Views: 931

Re: Question for RMD'ers with predominantly bond IRAs

Like many of the other respondents, we keep laddered CDs and short-term bond funds representing three years of RMDs in TIRAs. Our TIRAs are primarily invested in intermediate-term bonds, but with small equity stakes. We plan to take RMDs from CDs and/or short-term bonds only if both bond and stock m...
by zengolf2011
Tue Sep 11, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: A Boglehead explains the simplest way to manage your money
Replies: 18
Views: 5278

Re: A Boglehead explains the simplest way to manage your money

I started investing 30 years ago with the "help" of a financial adviser (read: salesman) who was no help to me at all, but helped himself a lot. With a small bit of reasoning and research, plus a large dose of luck, I eventually stumbled into variants of the 3-fund portfolio. My only regret is that ...
by zengolf2011
Tue Sep 04, 2018 3:16 pm
Forum: Investing - Theory, News & General
Topic: "Safeguarding Your Wealth From The Effects Of Cognitive Decline"
Replies: 52
Views: 5035

Re: "Safeguarding Your Wealth From The Effects Of Cognitive Decline"

Taylor, heartfelt thanks for raising this topic and providing information. I'm 72, active and healthy, but do feel a slow decline in endurance and attention span. I recently started discussing this with my wife. As long as our situation is stable, we plan to maintain simplicity in our affairs, espec...
by zengolf2011
Mon Sep 03, 2018 5:58 pm
Forum: Personal Consumer Issues
Topic: How often do you change your HVAC filters?
Replies: 57
Views: 3192

Re: How often do you change your HVAC filters?

We live in the hot, dusty desert Southwest, so our air conditioner is in use much of the year. I would consider this a severe, high-demand service condition. Our A/C service guy said to change monthly, using the cheapest filters we can find. His rationale is that cheap filters create less resistance...
by zengolf2011
Mon Sep 03, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for an 87-year-old?
Replies: 36
Views: 2185

Re: Advice for an 87-year-old?

Your intentions are good. You are trying to help your father. Be thankful that he is competent and content, and respect his choices. Let him know that you will always be there for him. Then you both can count your blessings.
by zengolf2011
Sun Sep 02, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Using your home as old age care self-insurance?
Replies: 74
Views: 5845

Re: Using your home as old age care self-insurance?

We plan to move to a continuing care retirement facility whenever the first of us begins to experience infirmities. We view our home as just another asset to be sold when we no longer can enjoy it. We earmark our taxable account for this purpose to supplement proceeds from the house if needed. We ac...
by zengolf2011
Wed Aug 29, 2018 5:38 pm
Forum: Personal Consumer Issues
Topic: Shingrix [Vaccine availability]
Replies: 47
Views: 4265

Re: Shingrix [Vaccine availability]

I went to the local CVS in Scottsdale last week to get flu and pneumonia shots. Pharmacist said that Shingrix vaccine is not available and to check back early next year. Michael, I've had the same experience with the VA in Phoenix. I check every 6 months, and am told to try again in a few months. (...
by zengolf2011
Wed Aug 22, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: The futility of stock market forecasts
Replies: 8
Views: 1233

Re: The futility of stock market forecasts

Great public service, Taylor. Banyan Hill and Ted Bauman are the last folks on earth with whom I would entrust my assets! Purveyors of doom are seldom on target, and the rare instances they are is strictly due to chance and coincidence. Stay the course!
by zengolf2011
Sat Aug 04, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: Will dividend spending only portfolio last forever ?
Replies: 90
Views: 6148

Re: Will dividend spending only portfolio last forever ?

I consider dividend spending one way to implement a low, adaptive withdrawal rate. It's no better or worse than a similar plan based on total return.
by zengolf2011
Wed Jul 25, 2018 4:19 pm
Forum: Investing - Theory, News & General
Topic: "Are Economic Predictions Every Useful?"
Replies: 6
Views: 517

Re: "Are Economic Predictions Every Useful?"

Great post, Taylor. I think the only value of forecasts is to present hypothetical possibilities, e.g. "If X occurs, Y may follow." I also think most financial planning isn't really planning at all. If I knew the life spans of myself and my spouse, future market returns, volatility, sequence of retu...
by zengolf2011
Mon Jul 23, 2018 3:53 pm
Forum: Personal Consumer Issues
Topic: Dealing with HOA Notice
Replies: 118
Views: 9868

Re: Dealing with HOA Notice

Did you do your due diligence in reading the CCRs before buying the house? It'll cost 700 bucks to be a good neighbor. Just do it!
by zengolf2011
Mon Jul 23, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Is Enough?
Replies: 34
Views: 6102

Re: How Much Is Enough?

I think you would be wise to grab the lower stress opportunity. Sounds like you're on a great financial track, so your retirement will be well-funded. I doubt you'll find many successful people looking back and wishing, "If I'd only spent more time at work!" But lots of them wish they had spent less.
by zengolf2011
Sat Jul 21, 2018 8:39 am
Forum: Personal Consumer Issues
Topic: I dont know how to spend money
Replies: 39
Views: 5225

Re: I dont know how to spend money

I feel like I am not living life sometimes. Everything is a monetary value to me. First, I laud your introspection. You are wise beyond your years, wisdom reflected in your request for help from older BHs. That's not often heard from folks your age. Your aren't missing anything by passing on partyi...
by zengolf2011
Tue Jul 10, 2018 12:06 pm
Forum: Investing - Theory, News & General
Topic: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters
Replies: 108
Views: 9345

Re: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters

"Safe" is a relative term, but I think an allocation bonds (especially of intermediate or short duration) and stocks has displayed less volatility than an all-stock portfolio for most periods. I consider bonds "safe" because of their imperfect correlation to equities when stocks drop sharply.
by zengolf2011
Tue Jul 03, 2018 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 112
Views: 19428

Re: Who uses the 3 fund portfolio ?

I have been a 3-funder for more than 20 yrs. Before that, I tried many different investments, but am convinced I would have done at least as well with 3 funds all along. I think a sometimes overlooked advantage is that it builds investor confidence to resist the latest fad. I used to jump from fund ...
by zengolf2011
Sat Jun 23, 2018 10:42 am
Forum: Investing - Theory, News & General
Topic: Does an IPS really need to be 5 pages long to be valuable?
Replies: 64
Views: 3739

Re: Does an IPS really need to be 5 pages long to be valuable?

Cody wrote:
Thu Jun 21, 2018 8:39 am
Or should the be that long to make it valuable
Nope. I think one well-constructed sentence would be better, e.g., "We invest in a low-cost 3-fund portfolio with 50% equities exposure, rebalancing annually."
by zengolf2011
Sat Jun 23, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Minimizing my money worries in retirement
Replies: 17
Views: 2905

Re: Minimizing my money worries in retirement

We are in our 12th year of retirement. A few years before starting, we watched expenses closely -- not nearly at your level, just broad categories like food, utilities, etc. We did this for a few years into retirement. It didn't change anything, but we gained insight into our consumption needs and w...
by zengolf2011
Fri Jun 22, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 156
Views: 44441

Re: Is the first 100k really the hardest?

Is all seems hard to me. Progress is slow, investing is boring, and it’s not clear if or when true financial independence will materialize at last. For me, the first $100k was by far the hardest. I experienced the frustrations expressed by randomizer. After working at a grueling pace through my ear...
by zengolf2011
Mon Jun 18, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: "distilled" water for wife's CPAP machine
Replies: 74
Views: 5923

Re: "distilled" water for wife's CPAP machine

I was a Registered Polysomnographic Technologist (sleep tech), albeit many years ago. Your wife inhales water vapor from her CPAP humidifier deep into her lungs. Using anything other than distilled water would be taking a big chance. Also, it's important to keep her CPAP equipment (mask, hose, humid...
by zengolf2011
Mon Jun 11, 2018 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for a prolonged bear market
Replies: 65
Views: 6074

Re: Strategy for a prolonged bear market

We're in the distribution phase, no Plan B. But I think (hope?) we have prepared for bear markets with Plan A. We have annuitized income sufficient to meet foreseeable non-discretionary expenses. We plan to reduce discretionary expenses during downdrafts (Taylor's plan, I think), possibly down to ze...
by zengolf2011
Thu Jun 07, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Just added bonds to portfolio
Replies: 44
Views: 3296

Re: Just added bonds to portfolio

After jumping in and rebalancing from 100% domestic and international stocks to our 50/35/15 AA last week, stocks have been on a tear and bonds have been going DOWN! I know it's probably just the short-term jitters, but was this a smart move to make? I am an amateur, but I consider buying a stock b...
by zengolf2011
Sat Jun 02, 2018 1:51 pm
Forum: Investing - Theory, News & General
Topic: Economics 101. Naive question about stock and bond market correlation
Replies: 16
Views: 1602

Re: Economics 101. Naive question about stock and bond market correlation

Your math is over my head, but wouldn't a perfect positive correlation between two variables mean that each would respond to changes in the same direction and degree? Wouldn't a perfect inverse correlation imply that their direction is opposite, but their degree of change is the same? Obviously, yo...
by zengolf2011
Sat Jun 02, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 5488

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

I'll offer a counterpoint and I'm somewhat being devil's advocate here: The summers are just not worth it in Phoenix. It is like a sauna or opening the oven all the time. The mild winters do not make up for it. Air quality is poor. The culture is not that great either. Crime is high. There is no gr...
by zengolf2011
Sat Jun 02, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 5488

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

Interesting to see the comment about cultures above mine... To me, there is little diversity here, but it depends on where you come from (Seattle = highly diverse) and where you are in the valley (not much diversity in NE valley)... If you want to do it, go for it. You are young enough where if it ...
by zengolf2011
Sat Jun 02, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: Economics 101. Naive question about stock and bond market correlation
Replies: 16
Views: 1602

Re: Economics 101. Naive question about stock and bond market correlation

If by 100% correlation you mean an exact correlation of 1.0, wouldn't their alpha and beta be identical? No. Your math is over my head, but wouldn't a perfect positive correlation between two variables mean that each would respond to changes in the same direction and degree? Wouldn't a perfect inve...
by zengolf2011
Sat Jun 02, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 5488

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

We moved from the Midwest 8 years ago to Tucson and now Phoenix. We love the desert, but it's not for everybody. Really, really hot summers (like nothing you've experienced), lots of dust, new allergies, different cultures. If you can tolerate the heat and like outdoor activities, you'll probably lo...
by zengolf2011
Fri Jun 01, 2018 2:30 pm
Forum: Investing - Theory, News & General
Topic: Economics 101. Naive question about stock and bond market correlation
Replies: 16
Views: 1602

Re: Economics 101. Naive question about stock and bond market correlation

If by 100% correlation you mean an exact correlation of 1.0, wouldn't their alpha and beta be identical?
by zengolf2011
Thu May 31, 2018 7:52 pm
Forum: Personal Consumer Issues
Topic: Book Recommendation Wanted
Replies: 15
Views: 1404

Re: Book Recommendation Wanted

A hearty recommendation for John Bogle's Enough . You would not be meddling in his affairs. This book would be an act of love. I think it deals directly with what you are seeking -- our individual relationships with money. But it's also a book about finding joy. Posted this just before I saw Taylor'...
by zengolf2011
Sat May 26, 2018 2:35 pm
Forum: Investing - Theory, News & General
Topic: Should REITs and BDCs be looked at more like bonds?
Replies: 20
Views: 1851

Re: Should REITs and BDCs be looked at more like bonds?

On their risk potential index, I believe Vanguard ranks their Total Bond Market Index fund a 2 (conservative to moderate risk) and their REIT a 4 (moderate to aggressive).
by zengolf2011
Sat May 26, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: Should REITs and BDCs be looked at more like bonds?
Replies: 20
Views: 1851

Re: Should REITs and BDCs be looked at more like bonds?

Most portfolios rely on bonds to provide safety and reduce volatility. REITs and BDCs provide neither. I think that they are sensitive to interest rates (as are bonds), but are higher-risk, possibly higher-reward investments. They perhaps share some characteristics of high-yield bonds, but may not b...
by zengolf2011
Tue May 22, 2018 8:47 am
Forum: Local Chapters and Bogleheads Community
Topic: Arizona Chapter
Replies: 57
Views: 5950

Re: Arizona Chapter

Great job, Mark, Michael, and fellow attendees. Enjoyed and learned from all, looking forward to our next gathering!

Tom
by zengolf2011
Tue May 15, 2018 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market instead of bond fund
Replies: 40
Views: 5745

Re: Vanguard Prime Money Market instead of bond fund

dbr: Anyway, the point of interest is the risk and return of the whole portfolio, which can be adjusted by stock/bond allocation using lots of choices of bonds. The only person who should care if a bond is at a loss or not is someone who wants to keep money ready in the short term or at a specific p...
by zengolf2011
Mon May 14, 2018 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market instead of bond fund
Replies: 40
Views: 5745

Re: Vanguard Prime Money Market instead of bond fund

Don't rising rates help holders of bond funds if shares are held past the duration period? I thought that's what Vanguard says.
by zengolf2011
Sat May 12, 2018 3:16 pm
Forum: Local Chapters and Bogleheads Community
Topic: Arizona Chapter
Replies: 57
Views: 5950

Re: Arizona Chapter

Looking forward to meeting everyone on the 17th. mabromovitz, thank you for getting things started.
by zengolf2011
Sat May 12, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Index allocation help for a beginner
Replies: 14
Views: 1300

Re: Index allocation help for a beginner

Congratulations, ChrisO, you are wise beyond your years. Given your current level of knowledge and sophistication (simplicity is sophistication!), plus the power of compounding, the odds of achieving success in your financial goals for retirement are sky-high -- practically a sure thing. The advice ...
by zengolf2011
Sun Apr 22, 2018 9:42 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2271
Views: 1439115

Re: The Three-Fund Portfolio

Rick described my personal investing journey perfectly.
by zengolf2011
Sun Apr 15, 2018 10:25 am
Forum: Investing - Theory, News & General
Topic: Questions about Benjamin Graham
Replies: 19
Views: 1868

Re: Questions about Benjamin Graham

I treasure Mr. Graham's book and consider it the basis for my investing philosophy. Over time its principles have been incorporated in many contemporary works. One no longer need read The Intelligent Investor to learn the principles of defensive value investing. I recommend Quinn's How to Make Your ...
by zengolf2011
Thu Apr 12, 2018 8:14 pm
Forum: Local Chapters and Bogleheads Community
Topic: Arizona Chapter
Replies: 57
Views: 5950

Re: Arizona Chapter

I would almost certainly join.
by zengolf2011
Tue Apr 10, 2018 9:52 am
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 6436

Re: Retirees: Who's increasing their equities as they age?

Everyone's situation is unique. We are 72 and 69, amateur and defensive investors in good health, with sufficient guaranteed incomes to cover expenses. Some would recommend a 100% equities allocation. But we plan to stick with 40% stocks for the foreseeable future, maybe for life. Everyone's life sp...
by zengolf2011
Fri Apr 06, 2018 10:33 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 18058

Re: Swedroe: Look Beyond 60/40 Portfolio

I am just an average amateur investor. I appreciate Mr. Swedroe's books and blogs, and they have contributed mightily to my financial education, as have all these postings. But no one , not even Larry, knows the future. I'm surprised and confused that, on this Bogleheads forum, no one views cutting ...
by zengolf2011
Wed Apr 04, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: Make your retirement money last
Replies: 56
Views: 16629

Re: Make your retirement money last

Thanks to Mr. Swedroe for an excellent review, and to Ms. Quinn for an excellent book. I've read several works on financing retirement (though only a fraction of those read by Taylor!), and you can't go wrong with How to Make Your Money Last. Quinn's writing style is straightforward and comprehensib...
by zengolf2011
Sun Apr 01, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - planning for worst, hoping for better
Replies: 37
Views: 2587

Re: 4% SWR - planning for worst, hoping for better

... I am curious when other people, particularly that retired early with no SS or pension, felt it was safe to spend more. Or maybe used a SWR that was more dynamic. We're 72 and 69, retired 10 yrs, and our withdrawal rate is 2%. Our dynamic withdrawal strategy is to live on RMDs, rebalance when ou...
by zengolf2011
Tue Mar 27, 2018 8:17 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard sends out erroneous "not enough money in settlement fund" notice]
Replies: 94
Views: 7412

Re: Concerns with Vanguard

I have entrusted my investments to Vanguard for more than two decades. I have never had a customer service issue. I, too, have seen my accounts misrepresented by this glitch. I believe it will be good in the end, and that this sort of thing could happen with any investment company today -- indeed, w...
by zengolf2011
Mon Mar 26, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 7303

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

I'm just an average Boglehead and amateur investor. Ten yrs. into retirement, I would estimate my expenses at perhaps 20-30% less than while working, plus being free of 401k/IRA contributions. It gets complicated with home sale and new home purchase, relocation to a warmer climate, new car purchase,...
by zengolf2011
Sun Mar 25, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 132
Views: 21145

Re: My boneheaded financial mistakes

1) Like others here, I entered a financially disastrous marriage that ended in divorce in late middle age with me broke and saddled with tons of debt. 2) Bar far, my biggest boneheaded mistake was to hire a financial advisor...I can manage our money far better than said advisor. Me, too. I picked up...
by zengolf2011
Sun Mar 25, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: financial advisory post-retirement?
Replies: 27
Views: 3726

Re: financial advisory post-retirement?

anyone else thought about hiring a fee-based fa during retirement? I think it's a common feeling, one I shared when I retired ten years ago. I interviewed so-called "fee-based fiduciary" advisers, and paid one $800 for a thinly-disguised sales pitch after clearly and specifically stating what I was...