Search found 633 matches

by MJW
Sun Dec 09, 2018 2:01 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3446
Views: 1021482

Re: What Book Are You Currently Reading? Part VI

mancich wrote:
Sat Dec 08, 2018 7:00 am
"Titan" by Ron Chernow. Great biography about John D. Rockefeller Sr. Very interesting read.
That one is sitting on my shelf waiting to be read.

Have you read Chernow's biography on Hamilton?
by MJW
Sun Dec 09, 2018 1:53 am
Forum: Investing - Theory, News & General
Topic: Do long-term bonds belong in one's portfolio?
Replies: 113
Views: 4586

Re: Do long-term bonds belong in one's portfolio?

willthrill81 wrote:
Sat Dec 08, 2018 8:29 pm
You're overlooking that many investors do not have the emotional risk tolerance needed for a 100% stock portfolio, but they don't want the volatility of long-term bonds.
Weenies.

8-)
by MJW
Sun Dec 09, 2018 1:46 am
Forum: Investing - Theory, News & General
Topic: You already own international stocks with VTSMX etc [Vanguard Total Stock Market]
Replies: 52
Views: 3699

Re: You already own international stocks with VTSMX etc [Vanguard Total Stock Market]

US companies do business abroad. So what? I want to invest in these companies: Royal Dutch Shell plc Nestle SA Samsung Electronics Co. Ltd. Tencent Holdings Ltd. Novartis AG Taiwan Semiconductor Manufacturing Co. Ltd. Roche Holding AG HSBC Holdings plc Alibaba Group Holding Ltd. Toyota Motor Corp. ...
by MJW
Sat Dec 08, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: You already own international stocks with VTSMX etc [Vanguard Total Stock Market]
Replies: 52
Views: 3699

Re: You already own international stocks with VTSMX etc

I hold weak convictions about investing internationally (I still do it), but I don’t think the notion that large US companies do considerable business overseas is a meaningful argument in this context either way. It isn’t one of the boxes I would check if I were making the case against investing int...
by MJW
Sat Dec 08, 2018 12:39 pm
Forum: Investing - Theory, News & General
Topic: Do long-term bonds belong in one's portfolio?
Replies: 113
Views: 4586

Re: Do long-term bonds belong in one's portfolio?

I am surprised there hasn’t been a slew of “bonds are for safety/I’ll take my risk on the equity side” posts in response to this thread. That’s normally what we get. To me, the “bonds are for safety” mantra has never been very helpful. I understand its purpose but it tends to take a very specific vi...
by MJW
Fri Dec 07, 2018 6:38 pm
Forum: Personal Consumer Issues
Topic: Is this normal for an HOA?
Replies: 87
Views: 7386

Re: Is this normal for an HOA?

We are renters in a neighborhood with an HOA. If you have the ability to be involved to any degree with your HOA I would recommend you do it. I wish I could have a say in ours. Our landlords have intervened a couple of times on our behalf since we are not allowed access, but otherwise they are only ...
by MJW
Fri Dec 07, 2018 6:20 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3446
Views: 1021482

Re: What Book Are You Currently Reading? Part VI

Finished my re-read of The Firm (Grisham) and am now re-reading The Rainmaker . As much as I enjoyed The Firm each time I've read it, I think I'm actually enjoying The Rainmaker a little more this time around. I like the first-person narrative and the pacing. It's been years since I had read either ...
by MJW
Fri Dec 07, 2018 6:14 pm
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 139
Views: 11765

Re: Who else is getting excited? [about the market]

metalworking wrote:
Fri Dec 07, 2018 6:05 pm
Being excited about this seems a little like being excited your boss got hit by a car and now you have a shot at a job promotion. Seems kind of twisted to me. To each his own.
And the company is excited because they get to start the new guy at a lower salary.
by MJW
Thu Dec 06, 2018 9:01 pm
Forum: Investing - Theory, News & General
Topic: The S&P 500 Goes Supernova
Replies: 85
Views: 12024

Re: The S&P 500 Goes Supernova

Someday you will find me caught beneath the landslide in a S&P 500 supernova in the sky.
by MJW
Thu Dec 06, 2018 8:38 pm
Forum: Investing - Theory, News & General
Topic: Why are market corrections "healthy"?
Replies: 27
Views: 1968

Re: Why are market corrections "healthy"?

JoMoney wrote:
Thu Dec 06, 2018 5:19 pm
Sometimes the market piles up too much of it's own crap. It's like having a regular BM, healthy.
I heard the market recently was seen with a bag of Chipotle.
by MJW
Thu Dec 06, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 965
Views: 104382

Re: [What TV Show Have You Recently Watched?]

I wrapped up Season One of Narcos. I thought it was pretty good, but maybe not quite as good as I was expecting from the rave reviews? Either way, I plan on continuing to Season Two.
by MJW
Thu Dec 06, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard advisor suggesting 90/10
Replies: 41
Views: 3041

Re: Vanguard advisor suggesting 90/10

What if I let them manage 50k as per 90/10. The other half 50k, I'll let it sit in a money market till the market crashes (if and when it does crash). This way I'll buy the market when it's down. If it does not crash in the next 2 to 3 years, I'll just put it back in the market. This way I'll expos...
by MJW
Thu Dec 06, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 139
Views: 11765

Re: Who else is getting excited?

Doom&Gloom wrote:
Thu Dec 06, 2018 11:36 am
It's gonna take a lot more than that to get me excited. [Solidly in retirement]
Well....Country Buffet is running a two-for-one special today?

:P
by MJW
Thu Dec 06, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: The S&P 500 Goes Supernova
Replies: 85
Views: 12024

Re: The S&P 500 Goes Supernova

protagonist wrote:
Thu Dec 06, 2018 12:30 am
What happened to "past performance does not predict future returns" ??
That principle is applied selectively around here.
by MJW
Thu Dec 06, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 8434
Views: 1661606

Re: U.S. stocks in freefall

Those "getting excited about stocks on sale" posts are obnoxious.
by MJW
Wed Dec 05, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 8434
Views: 1661606

Re: U.S. stocks in freefall

Real estate values are more volatile than we think, we just don't see it because our homes and commercial properties don't trade on an exchange. If we saw a ticker symbol for our house roll across the screen on CNBC, we would be pretty surprised. If your neighbor neglects his yardwork for a while, ...
by MJW
Tue Dec 04, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: Moving Pods or "Packs" for long distance move
Replies: 12
Views: 1441

Re: Moving Pods or "Packs" for long distance move

Six and a half years ago we used four "U-boxes" in our move from the Midwest to the Pacific Northwest. I second the recommendation to get the pick-up scheduled well in advance and give yourself a bit of a window. Our pick-up was scheduled for the day before we were to set out, and as luck would have...
by MJW
Tue Dec 04, 2018 1:51 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 8434
Views: 1661606

Re: U.S. stocks in freefall

I know we tend to joke about this often, but I still can't believe how many posts have been popping up from people in genuine disbelief that their investments funds could drop in value.
by MJW
Tue Dec 04, 2018 12:02 am
Forum: Investing - Help with Personal Investments
Topic: Can a three fund portfolio beat a fool?
Replies: 47
Views: 2871

Re: Can a three fund portfolio beat a fool?

... Why would you get involved with your family's finances without them asking for help? The average Boglehead will drive to your house and stab you if you suggest you know more than them about investing. :shock: This is absolutely not true. Many Bogleheads use UBER or LYFT, some don't even own car...
by MJW
Fri Nov 30, 2018 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Losing job soon but have big nest egg -- problem?
Replies: 25
Views: 4744

Re: Losing job soon but have big nest egg -- problem?

Just want to give an update from the OP. I ended up finding another job before I lose my original job but with a 30% paycut. But the new job is less stressful, in the city proper so i get to network and allow me flexibility. I did a recalc on my investments and i think I will work for another 10 ye...
by MJW
Tue Nov 27, 2018 2:45 pm
Forum: Investing - Theory, News & General
Topic: Worst investing year ever....
Replies: 73
Views: 11162

Re: Worst investing year ever....

Valuethinker wrote:
Tue Nov 27, 2018 2:24 pm
I have a distinct feel of a "party like it's 1999" out there - that there are people who have forgotten (or were not investing then) what 2008-09 was like.
People in general are terrible at learning from history. It is almost as if we possess a sort of inherent mechanism that prevents it.
by MJW
Tue Nov 27, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: Fisher Investments - Help a family member leave
Replies: 28
Views: 2752

Re: Fisher Investments - Help a family member leave

It may not go the way you think it will. Chances are whoever he talks to has been trained on overcoming objections and is prepared for this sort of conversation, complete with knowing smiles and patronizing head nods. Your uncle having a rudimentary understanding of what to ask based on your coachin...
by MJW
Mon Nov 26, 2018 1:43 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 444
Views: 54335

Re: Name something you had to have and now you regret purchasing it?

Some years ago I overbought for a professional wardrobe and ended up with several non-versatile pieces (i.e. only looked good with one outfit, etc.) as well as items that were worn only a couple times. Big difference between items that "look good" and those with high utility.
by MJW
Mon Nov 26, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 754
Views: 98485

Re: How much international stock? A suggestion.

ReformedSpender wrote:
Mon Nov 26, 2018 9:35 am
Morgan Stanley sees US growth slowing. Takes US equities to underweight. Says rest of world will outperform, starting early next year
Fine. Can't wait for my international allocation to make a believer out of me.

We'll see.
by MJW
Sun Nov 25, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 754
Views: 98485

Re: How much international stock? A suggestion.

Some seem to forget that an asset might be cheap, because it’s a bad investment. Surely they understand the difference between a $10 bottle of bourbon and one priced at $40? There’s a reason for that price discrepancy. The $10 bottle is priced to taste better eventually if you hold it long enough. :)
by MJW
Sun Nov 25, 2018 7:45 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 754
Views: 98485

Re: How much international stock? A suggestion.

HEDGEFUNDIE wrote:
Sun Nov 25, 2018 4:21 pm
MJW wrote:
Sun Nov 25, 2018 4:12 pm

Wait a minute...

DO YOU THINK YOU KNOW SOMETHING THE MARKET DOES NOT??
Well my name is HedgeFundie after all, so probably. 😉
It's an overrated question anyway. :P
by MJW
Sun Nov 25, 2018 4:13 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 754
Views: 98485

Re: How much international stock? A suggestion.

Ignoring it would be a cardinal sin against the principles of diversification, I keep it around ten percent myself.......Its a cheap hedge against US becoming Japan based on what risk I think exists there. Apparently you don't think it is much of a risk, then. If the situation in the US becomes tha...
by MJW
Sun Nov 25, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 754
Views: 98485

Re: How much international stock? A suggestion.

HEDGEFUNDIE wrote:
Sun Nov 25, 2018 4:07 pm
I’m not going to lie, I’m only 1/3 International because I do have some home bias myself. But completely ignoring international? That’s just crazy talk.
Wait a minute...

DO YOU THINK YOU KNOW SOMETHING THE MARKET DOES NOT??
by MJW
Sun Nov 25, 2018 3:39 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3879
Views: 1085463

Re: What Movie Have You Recently Watched?

dm200 wrote:
Sun Nov 25, 2018 2:59 pm
Any feedback on the latest "A Star Is Born" ??
Haven't seen it (probably won't) but the reviews in this thread have been mostly positive.
by MJW
Sun Nov 25, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 754
Views: 98485

Re: How much international stock? A suggestion.

Maybe in another 30 years I will be glad to have been invested internationally.

In the meantime, I plan on addressing many of your points in my up coming book: Are you there International stock? It's me, MJW.
by MJW
Sat Nov 24, 2018 9:32 pm
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 119
Views: 7023

Re: What is your allocation to U.S. and International?

Is there any reason to expect this discussion to contribute anything not already covered in other threads, such as: https://www.bogleheads.org/forum/viewtopic.php?t=196956 I think abuss is just asking for an updated tally on what people are actually doing versus instigating another debate on the to...
by MJW
Sat Nov 24, 2018 9:24 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 754
Views: 98485

Re: How much international stock? A suggestion.

Anyway, given the projected returns of international vs US I can’t wait to come back to this discussion in a few years and see how many minds have magically changed on this topic. Sure. I would rather be rewarded for my decision to invest internationally rather than my lack of optimism about it. I ...
by MJW
Sat Nov 24, 2018 3:21 pm
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 119
Views: 7023

Re: What is your allocation to U.S. and International?

I would think a 50%/50% allocation is a true Boglehead portfolio. I have a hard time accepting a purity test for what is a "true Boglehead" when the movement's namesake has (rightly or wrongly) a well-defined opinion on this particular matter. Whether we agree or disagree with Jack Bogle about the ...
by MJW
Fri Nov 23, 2018 1:36 am
Forum: Investing - Theory, News & General
Topic: Black Friday Sale on VTSAX [Vanguard Total Stock Market]
Replies: 7
Views: 3194

Re: Black Friday Sale on VTSAX [Vanguard Total Stock Market]

identitycrisis wrote:
Thu Nov 22, 2018 10:48 am
There is Black Friday Sale on VTSAX. Buy as much as you can and i will pay off.
:idea:
Nice. I've been waiting for just this sort of opportunity. I'll let you know where to send the money. :wink:
by MJW
Thu Nov 22, 2018 3:09 pm
Forum: Investing - Theory, News & General
Topic: "Investing" conversations at work
Replies: 32
Views: 4341

Re: "Investing" conversations at work

Triple digit golfer wrote:
Thu Nov 22, 2018 12:46 pm
I'd put investing up there with politics and religion.
Yep. I apply the same rule of thumb.
by MJW
Wed Nov 21, 2018 6:28 pm
Forum: Investing - Theory, News & General
Topic: Reducing number of funds by supplementing LifeStrategy
Replies: 16
Views: 2159

Re: Reducing number of funds by supplementing LifeStrategy

A few random thoughts on this idea: You are simultaneously wanting to hold additional (compared to 3-Fund Portfolio) asset classes/sub-classes while also reducing your ability to rebalance between them. This may not be a significant matter, but perhaps something worth noting. Rather than adding a bo...
by MJW
Wed Nov 21, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 754
Views: 98485

Re: How much international stock? A suggestion.

vineviz wrote:
Wed Nov 21, 2018 3:12 pm

So I'd personally say that an international allocation somewhere between 25% and 50% seems both reasonable and empirically defensible.
What, from your perspective, should one take into consideration when making a decision on an allocation within this range?
by MJW
Wed Nov 21, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: Do I need mid-cap to approximate VTSAX?
Replies: 6
Views: 404

Re: Do I need mid-cap to approximate VTSAX?

retiredjg wrote:
Wed Nov 21, 2018 2:27 pm
Precision is a wasted effort when it comes to investing. Just get in the neighborhood and call it good.
Agreed. Unless your strategy is to have a significant tilt, I would spend as little time as possible worrying about this.
by MJW
Wed Nov 21, 2018 1:23 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 754
Views: 98485

Re: How much international stock? A suggestion.

The other big international thread was closed because the conversation could not be conducted in a civil tone or stay on topic.

This is why we can't have nice things!
by MJW
Wed Nov 21, 2018 12:58 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 338
Views: 37967

Re: Anyone tired of the stock market going up?

Too much winning. But really, we probably shouldn't joke... I laughed in 1987. Not much time to do anything else. I joked in 2001. I hadn't bought tech stocks, so no big deal to me. I froze in 2008. From pure fear. Had no idea what to do. Didn't know whether to laugh or cry. Moral--for me (I would ...
by MJW
Wed Nov 21, 2018 12:52 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3446
Views: 1021482

Re: What Book Are You Currently Reading? Part VI

After recent discussion here about “The Firm” by John Grisham, I was inspired to reread the book. I think I have a paperback copy buried in a box in my garage but I opted to spare myself the hassle and checked out a copy from the library, which is a short walk from my house. The story is every bit a...
by MJW
Wed Nov 21, 2018 12:37 am
Forum: Investing - Help with Personal Investments
Topic: My Name is Paul, and I am a Larimore Boglehead
Replies: 19
Views: 4569

Re: My Name is Paul, and I am a Larimore Boglehead

What is a Larimore Boglehead and how does that differ from other sub sect and offshoot Boglehead tribes?
by MJW
Wed Nov 21, 2018 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 338
Views: 37967

Re: Anyone tired of the stock market going up?

Doom&Gloom wrote:
Tue Nov 20, 2018 11:18 pm
Nicolas wrote:
Tue Nov 20, 2018 10:47 pm
What happened to the OP, TheTimeLord? Not online since July 15.
Maybe he finally retired.
Exhausted from stock market advances.
Too much winning.

But really, we probably shouldn't joke...
by MJW
Wed Nov 21, 2018 12:32 am
Forum: Investing - Help with Personal Investments
Topic: How to setup a Vanguard Target fund (beginner)
Replies: 2
Views: 281

Re: How to setup a Vanguard Target fund (beginner)

It's pretty easy to get signed up. You will need to open an account with Vanguard, indicate you want a Roth IRA, and buy the 2050 fund. I don't remember the exact process but it was pretty self-explanatory. Worst case scenario you need to call Vanguard for help, but if you managed to make it to this...
by MJW
Tue Nov 20, 2018 10:44 pm
Forum: Investing - Theory, News & General
Topic: What's in your Investor Policy Statement about Bear Markets?
Replies: 52
Views: 3477

Re: What's in your Investor Policy Statement about Bear Markets?

AlphaLess wrote:
Tue Nov 20, 2018 10:26 pm
Judging by how many threads there are about market downturn, seems like a lot of people are panicking.
Apparently "stay the course" is more resonant when that course is up.
by MJW
Tue Nov 20, 2018 10:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 8434
Views: 1661606

Re: U.S. stocks in freefall

Since you guys won't shut up about it :P I checked and I'm down 2.78% YTD. Good ol' International!

I'm not sure I would have even been aware of the drop if not for the incessant squawking around here. At least not for a while.
by MJW
Tue Nov 20, 2018 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 338
Views: 37967

Re: Anyone tired of the stock market going up?

Earl Lemongrab wrote:
Tue Nov 20, 2018 12:52 pm
We've plunged back to the levels of Oct 29.
I remember Oct 29. I was a younger man then. Ambitious, ready to tackle the world. Thought I knew, but what did I know?
by MJW
Tue Nov 20, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 8434
Views: 1661606

Re: U.S. stocks in freefall

RetireBy55 wrote:
Tue Nov 20, 2018 6:21 pm
True that, but Wellesley (which is one of my largest holdings) only holds ~30 stocks, IIRC. Not the most diversified thing in the world.
As of 10/31 Wellesley had 72 stocks. Either way, it's had a pretty solid track record.
by MJW
Tue Nov 20, 2018 6:02 pm
Forum: Investing - Theory, News & General
Topic: If Markets Move on the Unexpected, What Gives Now?
Replies: 6
Views: 738

Re: If Markets Move on the Unexpected, What Gives Now?

Trying to rationalize or make sense of market movements from the perspective of an ordinary investor is a fruitless endeavor.
by MJW
Tue Nov 20, 2018 2:26 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 754
Views: 98485

Re: How much international stock? A suggestion.

I see no reason to make a strict belief in the EMH requisite for forum membership on any level or to even insinuate such a thing. Then why invest in index funds? I don't think a belief in EMH is necessary for index funds to be a practical strategy for investors. 1) They're cheap 2) Even if I believ...