Search found 402 matches

by PhilosophyAndrew
Thu Aug 16, 2018 8:38 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 534
Views: 30907

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

OP, if you have made a principled and permanent decision to forego the extra equity diversity you could secure by investing in internatanl equities, that is perfectly fine. If, contrary to expectations, domestic equities lag international equities for a future 10-year period, will you change your mi...
by PhilosophyAndrew
Sun Aug 12, 2018 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest ~$4mm for disabled-for-life 36-yo
Replies: 22
Views: 2713

Re: How to invest ~$4mm for disabled-for-life 36-yo

How to invest is easy: A three-fund portfolio using rany set of reasonable allocations. This will be effective, inexpensive, and easy to manage. For more information, see the massive three-fund portfolio thread or Taylor Larimore’s recent book on this subject. The elephant on the room, as you sugges...
by PhilosophyAndrew
Sun Aug 12, 2018 7:17 am
Forum: Personal Finance (Not Investing)
Topic: ow much money I can give my son as a tax freegift
Replies: 7
Views: 1042

Re: ow much money I can give my son as a tax freegift

You can give roughly $5.5m without your (or your son) owing US tax, and you can give about $11m as a joint gift with your spouse. Gifts that large count against your elifetime state tax exclusion, however.


I don’t know what the Australian tax laws are for permanent residents.

Andy.
by PhilosophyAndrew
Sun Aug 12, 2018 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3101

Re: Financial Advisor Mandatory?

OP, you know one couple who believes the answer you to your question is “yes” answer many hundreds who have strongly argued (in the various threads of this forum, and in the wiki), that the answer is “no.” My question for you: After evaluating the various arguments you have considered, what is your ...
by PhilosophyAndrew
Mon Aug 06, 2018 11:52 am
Forum: Personal Consumer Issues
Topic: Cost of ownership of buying Model 3 vs keeping my M235i.
Replies: 50
Views: 2921

Re: Cost of ownership of buying Model 3 vs keeping my M235i.

Is there a difference in insurance costs between the two cars? If so, your analysis should account for that different.

FWIW, insuring our Model 3 costs more than the COMBINED costs of insuring our two other cars, a Prius and an E-class Mercedes.



Andy.
by PhilosophyAndrew
Sun Aug 05, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14232

Re: Will you pay for your kids' college/graduate education?

Yes, my wife and I plan to give our daughter the immense benefit each of us enjoyed: Debt-free higher education.

Andy.
by PhilosophyAndrew
Sat Aug 04, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Few weeks into new job recieved significantly better offer elsewhere
Replies: 103
Views: 9800

Re: Few weeks into new job recieved significantly better offer elsewhere

I guess I'll be in the minority here. You made a commitment to a small company which has spent time and money to get you on board. They have made you welcome and apparently have stuck to what they have promised. In my old fashioned opinion, a person of character would honor that. +1 Doubts about th...
by PhilosophyAndrew
Fri Aug 03, 2018 3:55 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 644
Views: 55069

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Angst, identifying factors like you do is important, but only takes us so far. To understand the extent to which the reduction in ER helps investors reduce total investing costs, it would be helpful to quantify the comparative significance of these factors against the reduced ERs. This can’t be done...
by PhilosophyAndrew
Fri Aug 03, 2018 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Time to invest in Fidelity's new zero fee funds?
Replies: 70
Views: 2914

Re: Time to invest in Fidelity's new zero fee funds?

Who keeps the share lending income? Vanguard's VSTAX returns 100% of income from share lending which makes the fund effectively 0%. This is covered in some depth in the longer thread about these funds, but the bottom line is that net lending proceeds are invested back in the funds. By your reasonin...
by PhilosophyAndrew
Fri Aug 03, 2018 2:47 pm
Forum: Local Chapters and Bogleheads Community
Topic: How did you become a Boglehead?
Replies: 53
Views: 3430

Re: How did you become a Boglehead?

I started investing after my first job— it was 1979 and I was thirteen. My Dad encouraged me to invest and taught me about Vanguard, no-load mutual funds and the importance of avoiding fees when possible. Early in adulthood, I flirted with fundamental analysis of individual stocks, but found this to...
by PhilosophyAndrew
Thu Aug 02, 2018 2:27 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 644
Views: 55069

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

It’s dawning me that all this talk about the minutiae of this change reminds me of how I got mired in the devilish details before deciding on the simple three-fund portfolio. I kept trying to create the “perfect” portfolio before deciding on the “good enough” portfolio. Trying to remind myself now ...
by PhilosophyAndrew
Thu Aug 02, 2018 2:23 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 644
Views: 55069

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Angst wrote:
Thu Aug 02, 2018 1:00 pm
But if the hoi polloi of Boggledom want to follow Fidelity's siren song of a couple basis points and stampede on out of here, perhaps the quality of discussion within the website will rise by a few percentage points. :)
Rather an angst-ridden reflection, so the username fits!

Andy.
by PhilosophyAndrew
Fri Jul 27, 2018 5:42 am
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9272

Re: Toughest Purchase of my Life. Engagement Ring time

OP, what are your girlfriend’s attitudes about the norms surrounding the giving of engagement rings? Unless she shares your scruples, I would suggest that this is a case in your relationship where her wishes should dominate: you are, after all, the supplicant asking her to marry you, and the social ...
by PhilosophyAndrew
Wed Jul 25, 2018 3:15 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3167
Views: 967057

Re: What Book Are You Currently Reading? Part VI

The Three-Body Problem by Cixin Liu, translated by Ken Liu. It's harder sci-fi than I usually like, but fascinating. Decided to give it a shot after reading "The Paper Menagerie" by Ken Liu and seeing that he translated this book. It's profoundly disturbing and interesting--lots of speculation abou...
by PhilosophyAndrew
Sun Jul 22, 2018 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Biggest financial decision of my life: selling a big wad of options
Replies: 46
Views: 5144

Re: Biggest financial decision of my life: selling a big wad of options

OP, congratulations on your financial success! Unless your family’s income drops considerably, you can expect to be remain in the highest tax brackets until you retire, you will owe a lot of taxes whenever you sell. To me, the benefits of diversification — and the risks of continuing to fail to dive...
by PhilosophyAndrew
Sun Jul 22, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable Family Foundation - Best way forward
Replies: 25
Views: 1699

Re: Charitable Family Foundation - Best way forward

OP, I love your generosity and hope that you receive excellent advice here. The utilitarian philosopher Peter Singer’s charity movement may be of interest to charitable Bogleheads concerned with minimizing overhead and maximizing the impact of donations for reducing human suffering. See, in particul...
by PhilosophyAndrew
Fri Jul 20, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Financial transparency
Replies: 19
Views: 944

Re: Financial transparency

OP, your questions suggest to me that you need to work the develop your communication skills. Adults are allowed to raise any concerns or complaints or desires they wish to raise, and it is part of adult communication to engage construcrively with others who raise issues or make suggestions you disl...
by PhilosophyAndrew
Fri Jul 20, 2018 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 13316

Re: Should I Dump a Pile of Money on Young Son?

OP, here’s my advice: if you don’t trust your son to handle the gift, keep the inheritance and plan to develop a comprehensive estate plan once your estate becomes large enough to generate inheritance tax. If you trust your son to handle the windfall, provide it with modest advice but without heavy ...
by PhilosophyAndrew
Thu Jul 19, 2018 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 8851

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

It is an energy stock that my Dad has held as an employee and through retirement and reinvested the dividends. It generates about $35,000 per year in dividends. My brother has no interest in hanging on to his share so I will probably buy him out. Part of me wants to continue holding it to pass on t...
by PhilosophyAndrew
Thu Jul 19, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 8851

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

OP, the side of you that wants to pass on the stock to the next generation is foresaking the benefits of diversification for understandable but imprudent emotional reasons. Now is the time to sell to take advantage of your stepped-up cost basis. Do you have a Bogleheads investment plan? If not, I wo...
by PhilosophyAndrew
Thu Jul 19, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Another "good-to-go" question
Replies: 9
Views: 1154

Re: Another "good-to-go" question

Yes, you look good to go and will likely retire with a significant estate.

I wouldn’t let fear about market downturns cause you to work longer than you want to; you can choose to decrease your discretionary spending during market downturns, if that would make you more comfortable.

Andy
by PhilosophyAndrew
Thu Jul 19, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: $540 a month on food for graduate student budget too much?
Replies: 81
Views: 6441

Re: $540 a month on food for graduate student budget too much?

OP certainly you can spend a lot less money — and eat more nutritious foods — by learning how to shop and cook for yourself. You have an oppprtunity to inculcate a lifelong healthy — and financially prudent — habit! The Fooducate app, which focuses on grading the nutritional quality of grocery store...
by PhilosophyAndrew
Thu Jul 19, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Watch Collection Reasonable or Unreasonable or Irresponsible?
Replies: 104
Views: 5091

Re: Watch Collection Reasonable or Unreasonable or Irresponsible?

Chevka, my point is only that the OP’s question about whether his watch collection was “Reasonable or Unreasonable or Irresponsoble” explicitly asks for others’ judgments. Given this, your reply “judge not lest you be judged” seemed confusingly out of context. I was asking you to clear up that confu...
by PhilosophyAndrew
Thu Jul 19, 2018 11:17 am
Forum: Personal Consumer Issues
Topic: Watch Collection Reasonable or Unreasonable or Irresponsible?
Replies: 104
Views: 5091

Re: Watch Collection Reasonable or Unreasonable or Irresponsible?

There are some pretty 'judgey' posts in this one. For all we know, the OP just got married last year and spent their single years building the watch collection. Let's not forget, they have NO debt and two houses (one rental). I don't think the implied decades of irresponsibility posts are called fo...
by PhilosophyAndrew
Thu Jul 19, 2018 11:10 am
Forum: Personal Consumer Issues
Topic: Watch Collection Reasonable or Unreasonable or Irresponsible?
Replies: 104
Views: 5091

Re: Watch Collection Reasonable or Unreasonable or Irresponsible?

OP, I think folks should spend surplus money on whatever they wish, so if your retirement and other major expenses were already taken care of, the decision whether to continue collect watches would simply be a matter of your and your spouse’s personal preferences. Since you have not yet provided for...
by PhilosophyAndrew
Thu Jul 12, 2018 9:38 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 8195

Re: Tipping at non sit down places

Just as some choose not to follow social norms by choosing not to tip when tips are expected, some may choose to tip where that is not normally expected. However, both of these cases are quite different from cases where one chooses to follow the existing social norms about tipping. The whole basis ...
by PhilosophyAndrew
Thu Jul 12, 2018 12:40 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 15047

Re: COMING SOON: BOGLEHEADS PODCASTS

+1 on Bogleheads’ Get Rich Slowly.

Andy.
by PhilosophyAndrew
Thu Jul 12, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 15047

Re: COMING SOON: BOGLEHEADS PODCASTS

This is wonderful news!

My suggestion for a title:

Simply Investing: The Bogleheads Way”

Andy.
by PhilosophyAndrew
Thu Jul 12, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 8195

Re: Tipping at non sit down places

We should tip more whether we eat in, take out, or get deliveries. A few extra dollars don't mean much to bogleheads but mean a heck of a lot to the workers. The time to save is when you negotiate big ticket items, the interest rates on your car or home loans, invest in lower-fee funds, negotiate t...
by PhilosophyAndrew
Tue Jul 10, 2018 6:48 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106612

Re: To take or not to take delivery of Tesla 3

I believed Musk in April 2016. I know better now. The $35k model3 was a lie. Do you believe the base model will never be offered, or are you simply disappointed that it isn’t offered yet, or did they literally lie in their marketing materials? If the last is the case, I’m sure you can report them t...
by PhilosophyAndrew
Tue Jul 10, 2018 6:45 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106612

Re: To take or not to take delivery of Tesla 3

Seems to me that people who keep their “reservation” are just making a loan to Tesla to help them make someone else’s car. Someone who just jumped in line well in front of them. My understanding (from my wife, who is the Tesla fan in the family) is that, from the start, factors like location and pr...
by PhilosophyAndrew
Tue Jul 10, 2018 6:37 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106612

Re: To take or not to take delivery of Tesla 3

This is an indication of no demand for a 55k+ Model 3. Even if only 33% of the original 450k reservation holders wanted one that would be like 145k in the pipeline and they are only building a few thousand a month. 5k if you believe all of Tesla’s puffery. Cash grab to make numbers look better. The...
by PhilosophyAndrew
Tue Jul 10, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: WiFi router
Replies: 46
Views: 3978

Re: WiFi router

We now use the ASUS mesh system, which has worked extremely well in our three-level 2,800 square foot house. We implemented it using one of their higher-end routers, but if you wish to spend less you can implement it using moremlodest routers. More information here: https://www.asus.com/us/Networkin...
by PhilosophyAndrew
Mon Jul 09, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take a $60k paycut to work 4days/week
Replies: 58
Views: 5466

Re: Should I take a $60k paycut to work 4days/week

OP, given your family’s total income, this trade-off seems financially viable as long as your annual expenses are under control. Are you confident that your family wil live below its means if you make this change? What changes to your spending and saving would your family make in response to the red...
by PhilosophyAndrew
Mon Jul 09, 2018 3:31 pm
Forum: Personal Consumer Issues
Topic: Tipping in a hotel room/cruise ship room
Replies: 57
Views: 4200

Re: Tipping in a hotel room/cruise ship room

https://www.washingtonpost.com/news/wonk/wp/2016/02/18/i-dare-you-to-read-this-and-still-feel-ok-about-tipping-in-the-united-states/?noredirect=on&utm_term=.eec1e9e10d03 What lessons did you take away from this article, and what actionable advice does it provide for the OP’s question? It seems plau...
by PhilosophyAndrew
Sun Jul 08, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Positioning portfolio for house purchase
Replies: 5
Views: 440

Re: Positioning portfolio for house purchase

Your down payment funds should be saved, not invested. They are neither part of your investment portfolio nor part of your emergency fund — they are separate savings allocated for your upcoming house purchase.

Andy.
by PhilosophyAndrew
Sun Jul 08, 2018 4:17 pm
Forum: Investing - Theory, News & General
Topic: Is it contradictory to be a Boglehead and have substantial allocation towards SCV?
Replies: 30
Views: 2358

Re: Is it contradictory to be a Boglehead and have substantial allocation towards SCV?

I don’t think it makes sense to evaluate one component of a portfolio and isolation from the rest of the components, but I see no reason why a Boglehead could not include such a tilt if he or she had a reasonable rationale. I know that Mr. Bogle rites a lot about the concept of mean reversion but as...
by PhilosophyAndrew
Sun Jul 08, 2018 4:06 pm
Forum: Investing - Theory, News & General
Topic: Why 3-funds and not 4-funds or even 2-funds?
Replies: 56
Views: 4631

Re: Why 3-funds and not 4-funds or even 2-funds?

Why not indeed? There are many roads to Dublin, as a wise man likes to say! The three-fund portfolio has many advantages, but you could do well with a four-fund, two-fund, or even a one-fund variant as long as you selected allocations appropriate for your needs, kept costs low, and were committed to...
by PhilosophyAndrew
Sun Jul 08, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: Tipping in a hotel room/cruise ship room
Replies: 57
Views: 4200

Re: Tipping in a hotel room/cruise ship room

Being a hotel maid is unskilled labor. In a LCOL to MCOL area, $22k/year seems more than reasonable compensation for that type of work. It is fascinating how smart people of good will can have such different views. Since this figure is an average, many maids likely make less than that. Andy. 13 sta...
by PhilosophyAndrew
Sun Jul 08, 2018 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to hit grand slam with small % portfolio?
Replies: 49
Views: 3397

Re: Trying to hit grand slam with small % portfolio?

This is not something I try — simple, dull index fund investing is enough for my financial life. When it comes to investing, why mess with success? And when it comes to spending “play money,” there are many things I’d rather play with than speculative investments. If some Bogleheads want to spend th...
by PhilosophyAndrew
Sun Jul 08, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Tipping in a hotel room/cruise ship room
Replies: 57
Views: 4200

Re: Tipping in a hotel room/cruise ship room

Being a hotel maid is unskilled labor. In a LCOL to MCOL area, $22k/year seems more than reasonable compensation for that type of work. It is fascinating how smart people of good will can have such different views. Since this figure is an average, many maids likely make less than that. I wish that ...
by PhilosophyAndrew
Sun Jul 08, 2018 1:24 pm
Forum: Personal Consumer Issues
Topic: Tipping in a hotel room/cruise ship room
Replies: 57
Views: 4200

Re: Tipping in a hotel room/cruise ship room

No, I view it as the hotel's job to pay their cleaning staff. US News reports that, in 2016, the average salary for maids and housekeepers was below $22,000 per year. https://money.usnews.com/careers/best-jobs/maid-and-housekeeper/salary I don’t know how much of that populations is comprised of hot...
by PhilosophyAndrew
Sun Jul 08, 2018 1:06 pm
Forum: Personal Consumer Issues
Topic: Tipping in a hotel room/cruise ship room
Replies: 57
Views: 4200

Re: Tipping in a hotel room/cruise ship room

I’m in my 50s and don’t normally carry cash. However, I m carry cash when traveling because I think it is right to tip hotel and others who provide me with personal service. I’m sure that some do not share my moral intuitions about this, but hope that those who do would make an effort to obtain cash...
by PhilosophyAndrew
Sun Jul 08, 2018 4:10 am
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 8195

Re: Tipping at non sit down places

I agree that you're right that there likely is academic and/or peer-reviewed research on the topic. Not to hijack, Andy, but your post said that "a citation would be helpful because that might change my behavior." If you've not done the research you suggest on Google Scholar or an academic library ...
by PhilosophyAndrew
Sat Jul 07, 2018 9:47 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 8195

Re: Tipping at non sit down places

Did anything come up in your google search of the issue? Google Scholar or an academic library would be better — I imagine there is academic research on this topic, and peer-reviewed research results would be more useful than the speculaton and biased opinion that are likely to dominate a rnon-spec...
by PhilosophyAndrew
Sat Jul 07, 2018 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Tech tilt as hedge against rising cost of living in Bay Area
Replies: 37
Views: 2968

Re: Tech tilt as hedge against rising cost of living in Bay Area

OP, have you tried to quantify the extra risk you will assume by decreasing the diversification of your portfolio?

I recommend that you consider thar risk before making a decision.

Andy.
by PhilosophyAndrew
Sat Jul 07, 2018 9:32 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 8195

Re: Tipping at non sit down places

Is there any assurance that credit card tips at counter service restaurants actually go to employees? ABSOLUTELY NONE!! Not much in life is assured, but is there any evidence that employers often take tip money instead of sharing it with employees? If so, a citation would be helpful because that mi...
by PhilosophyAndrew
Sat Jul 07, 2018 9:24 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 8195

Re: Tipping at non sit down places

I tip the teens at the local ice cream shop a dollar or so per cone because I support the idea of kids learning about work.

I tip the takeout place we frequent the most because they are alway nice to my family.

Andy.
by PhilosophyAndrew
Sat Jul 07, 2018 8:10 pm
Forum: Personal Consumer Issues
Topic: Tipping in a hotel room/cruise ship room
Replies: 57
Views: 4200

Re: Tipping in a hotel room/cruise ship room

We tip the hotel maids each morning, including the morning we check out. $5 per day per room; $10 or so if extra dirty or in a suite.

In my business travel, every employer I’ve traveled for reimburses tips.



Andy.
by PhilosophyAndrew
Sat Jul 07, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Having first child - Life Insurance question
Replies: 37
Views: 2643

Re: Having first child - Life Insurance question

My wife and I each purchased 20-year $1M term policies when our daughter was born. This gave us peace of mind and was relatively inexpensive. Don’t mix investing and insurance. If you want to invest, do so in something like a BH three-fund portfolio. If you want insurance, purchase inexpensive term ...