Search found 76 matches

by SavageAmusement
Thu Aug 08, 2019 5:32 pm
Forum: Investing - Theory, News & General
Topic: First 20% of bonds in long-term Treasuries
Replies: 309
Views: 23912

Re: First 20% of bonds in long-term Treasuries

[quoted post removed by admin LadyGeek] It's not as if long-term bonds are a heretical concept: I'm pretty sure that the first bond fund Jack Bogle created was Vanguard Long-Term Investment-Grade Fund (VWESX), launched in 1973 before he was fired from Wellington and before he founded Vanguard. The ...
by SavageAmusement
Thu Aug 08, 2019 4:13 pm
Forum: Personal Investments
Topic: Rollover to Vanguard or Fidelity?
Replies: 32
Views: 2169

Re: Rollover to Vanguard or Fidelity?

I would suggest the default should be to leave it, unless there is a good reason for rolling it out. I would suggest the default position should be to think for yourself. Leaving assets in a 401k may make sense under the limited circumstances you described. Rolling it over makes sense if control an...
by SavageAmusement
Thu Aug 08, 2019 1:51 pm
Forum: Personal Investments
Topic: Rollover to Vanguard or Fidelity?
Replies: 32
Views: 2169

Re: Rollover to Vanguard or Fidelity?

I would suggest the default should be to leave it, unless there is a good reason for rolling it out. I would suggest the default position should be to think for yourself. Leaving assets in a 401k may make sense under the limited circumstances you described. Rolling it over makes sense if control an...
by SavageAmusement
Thu Aug 08, 2019 4:42 am
Forum: Personal Investments
Topic: Rollover to Vanguard or Fidelity?
Replies: 32
Views: 2169

Re: Rollover to Vanguard or Fidelity?

Are you sure you “have to” move your 401k? Some companies allow former employees to remain in their 401k plans. HomeStretch .. What advantage do you see leaving it in a 401k? I might have missed something but I didn't see that big of benefit leaving it in the 401k. A few things that might be releva...
by SavageAmusement
Tue Aug 06, 2019 3:43 am
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 20244

Re: Why Mr. Bogle prefers U.S stocks

I think we can all agree that future investment returns have a lot more to do with what happens in the future than in the past. So, let’s look forward for a moment. As Bogle looked into the future, he didn’t see a lot to like about investing in many European countries or Japan. Unfavorable demograph...
by SavageAmusement
Mon Aug 05, 2019 3:03 pm
Forum: Investing - Theory, News & General
Topic: Clements, HumbleDollar, viewing Vanguard with unease: "Whither Vanguard?"
Replies: 54
Views: 7957

Re: Clements, HumbleDollar, viewing Vanguard with unease: "Whither Vanguard?"

While customer service is an issue, my bigger problem with Vanguard is security risk. They simply do not spend as much on IT as Fidelity and other financial institutions. I am concerned its lack of IT resources leaves customers vulnerable to cyber and fraud risks. Therefore, I am uncomfortable leavi...
by SavageAmusement
Sun Aug 04, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is our spending crazy?
Replies: 136
Views: 12306

Re: Is our spending crazy?

Is our spending crazy? It strikes me as completely reasonable for someone with your income. Why does that seem reasonable to you when it doesn’t include housing? The housing is high but in line with the income. The rest? Not so sure. Life is meant to be enjoyed. You only get one. The OP has struck ...
by SavageAmusement
Sun Aug 04, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Is our spending crazy?
Replies: 136
Views: 12306

Re: Is our spending crazy?

Is our spending crazy? It strikes me as completely reasonable for someone with your income. Why does that seem reasonable to you when it doesn’t include housing? The housing is high but in line with the income. The rest? Not so sure. Life is meant to be enjoyed. You only get one. The OP has struck ...
by SavageAmusement
Sun Aug 04, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is our spending crazy?
Replies: 136
Views: 12306

Re: Is our spending crazy?

Deighve wrote:
Sun Aug 04, 2019 1:45 pm

Is our spending crazy?
It strikes me as completely reasonable for someone with your income.
by SavageAmusement
Thu Aug 01, 2019 3:56 pm
Forum: Investing - Theory, News & General
Topic: Explain why long-term bonds aren't awesome
Replies: 120
Views: 25091

Re: Explain why long-term bonds aren't awesome

nisi wrote: negative And while you say that you are not bothered by the fluctuations, the duration is 15 years (compared to 6 for the VanguardTotal Bond Market Index Fund) so you are talking about 2.5X the interest rate risk of Total Bond. And even Total Bond has enough interest risk to be spooking...
by SavageAmusement
Sat Jul 27, 2019 3:17 pm
Forum: Personal Consumer Issues
Topic: Cape Cod in September - Recommendations Please!
Replies: 6
Views: 1000

Re: Cape Cod in September - Recommendations Please!

Our son lives in Boston and we want to combine a visit with several days in Cape Cod (maybe even a week rental). We are planning a mid Sept visit but we have never been to the Cape. We would prefer staying on the Ocean side and just want to relax, drive around a bit, and stroll the small towns. I u...
by SavageAmusement
Fri Jul 26, 2019 4:14 pm
Forum: Personal Consumer Issues
Topic: Audible audio books
Replies: 14
Views: 1015

Re: Audible audio books

OCDinvestor wrote:
Thu Jul 25, 2019 9:17 pm
How the heck does Audible, an Amazon company not allow in-app purchases on your phone?

How do you purchase a book? On a desktop!?
This is a first world problem if ever there was one.
by SavageAmusement
Thu Jul 25, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 95
Views: 8770

Re: MBA worth it?

I have a CPA and an MBA. They required significant effort and sacrifice to obtain. Both paid dividends a thousand times over intellectually and financially.
by SavageAmusement
Wed Apr 10, 2019 4:56 pm
Forum: Personal Investments
Topic: International under-performance
Replies: 204
Views: 15687

Re: International under-performance

so here is the million dollar question - if there is so much disagreement in this thread and no consensus WHY is there a strong consensus among all the top financial institutions regarding International - Schwab, Fidelity, Vanguard are all consistently predicting that International will outperform ...
by SavageAmusement
Wed Apr 10, 2019 4:54 pm
Forum: Personal Investments
Topic: International under-performance
Replies: 204
Views: 15687

Re: International under-performance

so here is the million dollar question - if there is so much disagreement in this thread and no consensus WHY is there a strong consensus among all the top financial institutions regarding International - Schwab, Fidelity, Vanguard are all consistently predicting that International will outperform ...
by SavageAmusement
Thu Apr 04, 2019 3:59 am
Forum: Investing - Theory, News & General
Topic: When income stream covers all expenses in retirement
Replies: 11
Views: 1689

Re: When income stream covers all expenses in retirement

A principle I learned in project management is that when a dilemma arises at one level of project management then the answer resides in the level higher up. In this case the level higher up is what do they want to accomplish with their money. If one applies the process of thinking through their nee...
by SavageAmusement
Sun Mar 31, 2019 5:47 pm
Forum: Personal Investments
Topic: Fido Screws Up and Says "Tough Luck"
Replies: 32
Views: 3478

Re: Fido Screws Up and Says "Tough Luck"

kevinko wrote:
Sun Mar 31, 2019 5:31 pm
SavageAmusement wrote:
Sun Mar 31, 2019 3:48 pm
You’re out $350. May all your problems be so small.
Hey, over time that could turn into $1000+

And I have plenty of other small, first-world problems to kvetch about too!
In that case, have fun.
by SavageAmusement
Sun Mar 31, 2019 3:48 pm
Forum: Personal Investments
Topic: Fido Screws Up and Says "Tough Luck"
Replies: 32
Views: 3478

Re: Fido Screws Up and Says "Tough Luck"

You’re out $350. May all your problems be so small.
by SavageAmusement
Fri Mar 22, 2019 3:58 pm
Forum: Personal Consumer Issues
Topic: When your responsibility to your children ends?
Replies: 76
Views: 7611

Re: When your responsibility to your children ends?

Right after hell freezes over.
by SavageAmusement
Tue Mar 12, 2019 3:30 pm
Forum: Investing - Theory, News & General
Topic: Chas. Munger Daily Journal Annual Meeting
Replies: 1
Views: 386

Re: Chas. Munger Daily Journal Annual Meeting

A personal finance blog I follow has a nice post today - the blogger provides his own notes and highlights if you don't have time to read/listen to whole 2 hours. Link below provides the links to the transcript and full 2 hr. Q&A. If you like hearing Warren Buffett and Charlie Munger talk at the Be...
by SavageAmusement
Thu Mar 07, 2019 9:09 am
Forum: Personal Consumer Issues
Topic: First “financial” thing you do in the morning
Replies: 80
Views: 6221

Re: First “financial” thing you do in the morning

2015 wrote:
Wed Mar 06, 2019 7:57 pm
I ask myself how can I increase my competencies today, which usually involves reading non-fiction business books or reviewing my latticework of mental models. Then I check BH to see where toilet paper is on sale.
Thanks for a good laugh. Your toilet paper comment struck my funny bone.
by SavageAmusement
Thu Feb 28, 2019 9:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 67415

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts]

You typically get what you pay for. Financial services, particularly those offered by Vanguard, are no exception.
by SavageAmusement
Sat Feb 16, 2019 5:53 am
Forum: Personal Investments
Topic: Why international?
Replies: 145
Views: 12024

Re: Why international?

I’d guess those who are holding Intl funds are more likely to be world travelers and are open to the idea of retiring internationally. You’d have to live in a patriotic bubble to think the future economy for humans is guaranteed happiness in the good ol USA. I don’t see it as diversification or a h...
by SavageAmusement
Mon Dec 31, 2018 3:06 pm
Forum: US Chapters
Topic: My favorite Boglehead posters
Replies: 154
Views: 12901

Re: My favorite Boglehead posters

My favorite poster is:

Garland Whizzer

I appreciate the thoughtfulness, wisdom, and civility of his posts.
by SavageAmusement
Wed Nov 28, 2018 2:15 pm
Forum: Investing - Theory, News & General
Topic: Do Fidelity Offices/Advisors Add Value?
Replies: 88
Views: 7124

Re: Do Fidelity Offices/Advisors Add Value?

There are lots of reasons to like Fidelity, including great customer service, a great website, great technology, a large offering of low-cost investment products, and financial stability. Their offices are just one more way they deliver first class customer service. I use its offices regularly and f...
by SavageAmusement
Mon Nov 26, 2018 4:17 pm
Forum: Investing - Theory, News & General
Topic: Fidelity’s zero-fee campaign spurs $6.6bn of inflows Boston manager outsells Vanguard by more than 40% in October after
Replies: 57
Views: 5919

Re: Fidelity’s zero-fee campaign spurs $6.6bn of inflows Boston manager outsells Vanguard by more than 40% in October a

Reality - Fidelity reduces fees on ton of index funds and launches zero fee fund offerings. This puts their index funds at the lowest cost in the industry and low minimums. They also added access to more iShare funds as no trading cost. They also launched an HSA account which will be a great, low c...
by SavageAmusement
Tue Oct 30, 2018 4:35 am
Forum: Investing - Theory, News & General
Topic: Anyone else feel giddy every time VXUS gets creamed? [Vanguard Total International]
Replies: 69
Views: 7204

Re: Anyone else feel giddy every time VXUS gets creamed?

This is apt to describe the sentiment of this thread http://i66.tinypic.com/2vhw5n5.jpg +1 +2 I don’t count on stock market returns for retirement spending but I believe the US will outpace international in the long term. I side with Bogle here. +3 :D .... I think some folks need to travel more, af...
by SavageAmusement
Fri Sep 07, 2018 6:29 pm
Forum: Investing - Theory, News & General
Topic: Does market timing have to be perfect to be effective?
Replies: 35
Views: 2905

Re: Does market timing have to be perfect to be effective?

As an ex-stock picker and ex-market timer, I refer you to Bernstein (from "Deep Risk"): " ...mistiming the market is probably the most frequent and severe form of permanent capital loss. " imo, jumping in and, far more importantly, jumping OUT of the market is the worst sin an investor can make. it...
by SavageAmusement
Sun Sep 02, 2018 10:12 am
Forum: Personal Investments
Topic: Is it time to go shorter in bonds ?
Replies: 115
Views: 9790

Re: Is it time to go shorter in bonds ?

Given the current flatness of the yield curve and tight credit spreads, perhaps you could provide an argument as to why investors should take significant unrewarded duration risk and some credit risk for investing in an intermediate bond fund such as BND. I don’t mind taking risks, but I’d like to ...
by SavageAmusement
Sun Sep 02, 2018 3:52 am
Forum: Personal Investments
Topic: Is it time to go shorter in bonds ?
Replies: 115
Views: 9790

Re: Is it time to go shorter in bonds ?

I love the robotic repetition of dogma like “stay the course” and “don’t time the markets.” I guess it’s easier than thinking for yourself. I'm starting to understand how most people under perform the market. It's by thinking they know how to time the market. I'm pretty sure that's been proven to b...
by SavageAmusement
Sat Sep 01, 2018 6:58 pm
Forum: Personal Investments
Topic: Is it time to go shorter in bonds ?
Replies: 115
Views: 9790

Re: Is it time to go shorter in bonds ?

I love the robotic repetition of dogma like “stay the course” and “don’t time the markets.” I guess it’s easier than thinking for yourself.
by SavageAmusement
Thu Aug 30, 2018 3:01 am
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 13222

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

Simplicity is misunderstood on this forum. For a group that espouses simplicity as a core principle, things get complicated around here in a hurry.
by SavageAmusement
Fri Aug 17, 2018 5:29 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 118993

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Debates about international stocks remind me a lot of debates about the existence of God. Each side can trot out all the “evidence” they want, but believers are going to believe and non-believers aren’t. The whole exercise strikes me as a giant waste of time. If you like international stocks, knock ...
by SavageAmusement
Mon Aug 13, 2018 6:21 pm
Forum: Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 58
Views: 10867

Re: Moving from Vanguard to Fidelity

Although I split with 2 ex-wives, I will never leave Vanguard. They were the first to force down the costs and I wouldn't leave them for a few basis points or some quicker phone responses. You would have saved more if you stayed with your ex-wives and left Vanguard. /quote] Cruel, that's just cruel...
by SavageAmusement
Sat Aug 11, 2018 3:20 pm
Forum: Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 58
Views: 10867

Re: Moving from Vanguard to Fidelity

Good Listener wrote:
Sat Aug 11, 2018 3:10 pm
Although I split with 2 ex-wives, I will never leave Vanguard. They were the first to force down the costs and I wouldn't leave them for a few basis points or some quicker phone responses.
You would have saved more if you stayed with your ex-wives and left Vanguard.
by SavageAmusement
Sun Jul 22, 2018 4:00 pm
Forum: Investing - Theory, News & General
Topic: Is SEC yield of any value?
Replies: 42
Views: 6136

Re: Is SEC yield of any value?

To Kevin and Stlutz. I’d like to thank you guys for taking the time to explain the difference between SEC yield and distribution yield. Your detailed explanations with examples have helped me understand how these calculations work and what they represent. I suspect others have benefited as well. Nic...
by SavageAmusement
Thu Jun 28, 2018 6:00 pm
Forum: Investing - Theory, News & General
Topic: Keep calm and Boglehead on!
Replies: 60
Views: 6475

Re: Keep calm and Boglehead on!

As Warren Buffet says “The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.” That is a wonderful quote I didn't know. Some people really have a way with words. So true! Here’s another Buffett classic quote that addresses the same issue: “c...
by SavageAmusement
Wed Jun 13, 2018 1:00 pm
Forum: Personal Investments
Topic: VMATX Maturity/Duration Question
Replies: 9
Views: 1019

Re: VMATX Maturity/Duration Question

I have a follow-up question for the group regarding Vanguard's duration numbers.

Which duration number does Vanguard provide for its fixed income funds ... Modified Duration or Effective Duration?

Thanks to anyone who might know the answer.
by SavageAmusement
Sat May 19, 2018 3:52 am
Forum: Personal Finance (Not Investing)
Topic: Do we need a trust?
Replies: 16
Views: 2932

Re: Do we need a trust?

carolinaman,

I just finished reading “Beyond The Grave” by Jeffery Condon. It is an entertaining and informative read on estate planning. You might find this book useful.
by SavageAmusement
Fri Apr 13, 2018 5:15 am
Forum: Investing - Theory, News & General
Topic: Introduction to Treasury Inflation Protected Securities (TIPS)
Replies: 53
Views: 8620

Re: Introduction to Treasury Inflation Protected Securities (TIPS)

Thanks for sharing this excellent presentation! I found it very interesting also because since I live in the Eurozone I hadn't given much thought to inflation linked bonds before, partly because many of them are issued by Italy and so present some credit risk (if I remember correctly Valuethinker p...
by SavageAmusement
Thu Apr 12, 2018 1:59 pm
Forum: Investing - Theory, News & General
Topic: Introduction to Treasury Inflation Protected Securities (TIPS)
Replies: 53
Views: 8620

Re: Introduction to Treasury Inflation Protected Securities (TIPS)

I am the author of the TIPS presentation. I'd like to make a few comments regarding the presentation: 1) My target audience was the 25 to 30 people who regularly show up at Metro-Boston Bogleheads meetings. 2) My goal was to educate an intelligent audience who knew relatively little about TIPS with ...
by SavageAmusement
Wed Apr 11, 2018 5:06 am
Forum: Investing - Theory, News & General
Topic: Why not annuitize most of portfolio?
Replies: 104
Views: 11681

Re: Why not annuitize most of portfolio?

Top 10 reasons why annuities could make this easier: 1. Ability to ignore the news about the market, I'm good. 2. Higher percent payout per annum than normally acceptable. 3. No heirs, let's die broke! 4. Peace of mind right away. 5. Short term bad decisions rectified by next months guaranteed chec...
by SavageAmusement
Tue Apr 10, 2018 4:27 am
Forum: Investing - Theory, News & General
Topic: Why not annuitize most of portfolio?
Replies: 104
Views: 11681

Re: Why not annuitize most of portfolio?

I would answer your questions by respectfully suggesting you're not asking the right question. The question is should I buy Single Premium Immediate Annuities (SPIA) or not. I'd submit most people should not. Let's use a David Letterman Top Ten Reasons To Avoid SPIAs approach to explain why: 1. Your...
by SavageAmusement
Sun Mar 25, 2018 3:46 pm
Forum: Personal Consumer Issues
Topic: Google Drive & iCloud Drive
Replies: 11
Views: 1382

Re: Google Drive & iCloud Drive

I run a security appliance as a firewall at home. This is arguably one of the preeminent protection appliances that claims: "Includes multi-layered protection from known threats AND zero-day attacks using SandBlast Threat Emulation, SandBlast Threat Extraction, Antivirus, Anti-bot, IPS, App Control...
by SavageAmusement
Sun Mar 25, 2018 2:59 pm
Forum: Personal Consumer Issues
Topic: Google Drive & iCloud Drive
Replies: 11
Views: 1382

Re: Google Drive & iCloud Drive

bampf wrote:
Sun Mar 25, 2018 2:56 pm
Do you believe your home computer connected on the internet is safer?
Yes, but I’d sincerely appreciate hearing your opinion on why is isn’t.
by SavageAmusement
Sun Mar 25, 2018 2:55 pm
Forum: Personal Consumer Issues
Topic: Google Drive & iCloud Drive
Replies: 11
Views: 1382

Google Drive & iCloud Drive

I was motivated to start this topic because of a current topic related to deleting your Facebook account. I’m fascinated to learn how much personal information people are willing to share or put online. I’m not a tin foil hat conspiracy kind of guy, but I am concerned about voluntarily disclosing mo...
by SavageAmusement
Thu Mar 22, 2018 10:20 pm
Forum: Personal Consumer Issues
Topic: Anyone Deleting Facebook?
Replies: 356
Views: 37493

Re: Anyone Deleting Facebook?

I don’t have a Facebook account. I presume people could care less about what I’m up to, and I know I don’t care what they’re up to. Also, Facebook is an ethically challenged company.
by SavageAmusement
Mon Jan 15, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance: Who do you use? (Auto/Home)
Replies: 32
Views: 3590

Re: Insurance: Who do you use? (Auto/Home)

AMICA since 1976. Solid company with very good customer service. The claims I’ve had over 40 years were all handled satisfactorily. Premiums have been increasing over the past few years, but they’re still lower than the competitive quotes I’ve obtained.