Search found 636 matches

by PhilosophyAndrew
Tue Mar 17, 2020 12:26 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age ? and this crisis ?
Replies: 170
Views: 9478

Re: What is your AA, given your age ? and this crisis ?

80/20 three fund at age 54. Staying the course, following my ISP, and benefiting from the peace of mind this gives me.

Andy.
by PhilosophyAndrew
Wed Nov 06, 2019 8:19 am
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 342
Views: 26306

Re: Will we be OK at 3% WR?

OP, yes you are likely sacrificing standard of living for security. If you are happy with your current standard of living, or if you are particularly risk-adverse, this likely poses no problems. If, however, you would like to consume more, then your plan certainly allows you to do that while preserv...
by PhilosophyAndrew
Fri Sep 27, 2019 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 21546

Re: financially clueless senior MIL who thinks she’s rich

OP, our aging parents, like our adult children, deserve the freedom to exercise their autonomy, even when the decisions they make displease you. The most I would do is state my concerns clearly, politely, and respectfully and offer to discuss them with her senior in greater depth if she wished. If I...
by PhilosophyAndrew
Thu Sep 26, 2019 8:32 pm
Forum: Personal Investments
Topic: Merrill Lynch Advisor wants to meet for coffee
Replies: 108
Views: 10431

Re: Merrill Lynch Advisor wants to meet for coffee

“No, thank you.”
saver1 wrote:
Wed Sep 25, 2019 12:50 pm
Merrill Lynch advisor recently contacting me to meet for coffee and discuss financial strategies. How should I respond?

I don't have any interest to invest with Merrill Lynch. Just wanted your feedback on how to reply. Thanks!
by PhilosophyAndrew
Tue Sep 24, 2019 12:18 pm
Forum: Personal Consumer Issues
Topic: IOS to do app
Replies: 14
Views: 954

Re: IOS to do app

I use 2Do, which syncs with the desktop app I use, Toodledo. (Toodledo also has its own iOS app, but I prefer 2Do.).

https://www.2doapp.com/


Andy.
by PhilosophyAndrew
Sun Sep 22, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 167
Views: 11848

Re: How hard is it to get into college?

Back when I was in high school — think President Reagan’s first term — there was only a single valedictorian, who was selected as the single student with the greatest academic achievements in the graduating class. GPA was the primary consideration, but in case of a tie other factors came into play, ...
by PhilosophyAndrew
Sun Sep 22, 2019 11:36 am
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 167
Views: 11848

Re: How hard is it to get into college?

I’m glad you found the College Confidential site useful and were able to avoid the pitfalls that other families experienced, according to the college counselors who recommended doing without the site. That their experience with the site differs from yours doesn’t make their considered opinion “incre...
by PhilosophyAndrew
Sat Sep 21, 2019 6:42 pm
Forum: Personal Consumer Issues
Topic: eBay Doesn't match Description or Photos or Missing Parts
Replies: 52
Views: 2910

Re: eBay Doesn't match Description or Photos or Missing Parts

Why not simply send back the item that you received but did not pay for now that you have received the refund you wanted? You probably already have the address to send the item to. If not, it won’t harm you to ask for it. Andy. I’d go ahead and print out the pre-paid shipping label and send the item...
by PhilosophyAndrew
Sat Sep 21, 2019 6:24 pm
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 167
Views: 11848

Re: How hard is it to get into college?

Nearly all of the admissions reps we talked with said that an upward trajectory cam be viewed favorably, especially in the context of academically rigorous courses of increasing difficulty. They suggested that upward trajectories within a rigorous program of study are much less helpful than upward t...
by PhilosophyAndrew
Sat Sep 21, 2019 6:12 pm
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 167
Views: 11848

Re: How hard is it to get into college?

Every one of the schools my daughter is applying to this year — top 50 liberal arts colleges — said that they re-score GPAs to remove the “bonus” points that so many high schools assign to various types of courses. After they recast the grades in the traditional 4.0 scale, they care less about the c...
by PhilosophyAndrew
Sat Sep 21, 2019 6:02 pm
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 167
Views: 11848

Re: How hard is it to get into college?

Well-said, all around. In their annual meetings with juniors and their families, my daughter’s high school’s admissions counselors pleaded with parents not to read the College Confidential website because it is filled with misinformation, bragging, and anxiety. I’ve never visited it. Andy. It is ver...
by PhilosophyAndrew
Sat Sep 21, 2019 5:57 pm
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 167
Views: 11848

Re: How hard is it to get into college?

OP, I have a book recommendation for you. It addressed the contemporary college admissions scene and provides a sophisticated and forceful argument against the “prestige optimization” drive that seems to cause many families much. anxiety. It’s main thesis is that chasing institutional prestige is, f...
by PhilosophyAndrew
Fri Sep 20, 2019 8:14 pm
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 54
Views: 4573

Re: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)

OP, I would not try to placate the contractor, with who you already have poor working relationship, with an ad hoc “fair compromise” regarding the damage they did to your property. Instead, I would be direct, simple, and objective: Obtain an estimate for fixing this specific damage, and explain to t...
by PhilosophyAndrew
Thu Sep 19, 2019 8:47 pm
Forum: Personal Investments
Topic: Is private wealth management worth it?
Replies: 47
Views: 6562

Re: Is private wealth management worth it?

With $20 million I would just put it all into Vanguard Worldwide, VT, and make sure I never withdraw more than 5% of the portfolio balance in any year. If the market just stays steady, that ought to deliver enough to live on, $1 million a year. Market collapses by 70%, still good for $300k a year. ...
by PhilosophyAndrew
Thu Sep 12, 2019 6:38 pm
Forum: Personal Investments
Topic: Using "dry powder" to buy the dips for a mostly buy-and-holder
Replies: 17
Views: 3127

Re: Using "dry powder" to buy the dips for a mostly buy-and-holder

Brianmcg321 wrote:
Wed Sep 11, 2019 11:26 am
Dry powder is just a drag on your return until you get it in the market.
+1

Well — and incisively — said!
by PhilosophyAndrew
Thu Sep 12, 2019 6:38 pm
Forum: Personal Investments
Topic: Using "dry powder" to buy the dips for a mostly buy-and-holder
Replies: 17
Views: 3127

Re: Using "dry powder" to buy the dips for a mostly buy-and-holder

Brianmcg321 wrote:
Wed Sep 11, 2019 11:26 am
Dry powder is just a drag on your return until you get it in the market.
+1

Well — and incisively — said!
by PhilosophyAndrew
Thu Sep 12, 2019 6:15 pm
Forum: Personal Investments
Topic: Too Late To Get Back Into Stocks?
Replies: 115
Views: 10307

Re: Too Late To Get Back Into Stocks?

+1 I understand the benefits of rebalancing from bonds to stocks as needed when equity prices fall, keeping a significant percentage of your assets in cash as ‘dry powder’ seems a form of market timing inconsistent with the principle “time in market, not timing the market.” Andy. I'm hoping for DOW ...
by PhilosophyAndrew
Thu Sep 12, 2019 2:32 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants me to sell her my driveway but parking is tight. Detailed analysis help
Replies: 45
Views: 6156

Re: Neighbor wants me to sell her my driveway but parking is tight. Detailed analysis help

OP, selling could compromise both a future sale of your property and your ability to attract and retain tenants. Renting two or even one space might compromise the latter. I would consider saying “sorry, no” as gracefully as you can. This causes a problem for the neighbor, I know, but it was a probl...
by PhilosophyAndrew
Thu Sep 12, 2019 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: About to close on home and discovered Lien on home??
Replies: 25
Views: 3633

Re: About to close on home and discovered Lien on home??

Delays happen. It might be useful to make contingency plans about how you will manage additional delay or collapse of the deal.

Good luck! I hope your transaction closes soon and you enjoy the house.

Andy.
by PhilosophyAndrew
Wed Sep 11, 2019 8:47 pm
Forum: Personal Investments
Topic: Too Late To Get Back Into Stocks?
Replies: 115
Views: 10307

Re: Too Late To Get Back Into Stocks?

OP, market timing is a common behavioral mistake. It is a common mistake, so if you wish to take solace that many others react in the same way that you want to do, that is always available. But I recommend focusing on understanding why it is a mistake. There are many Boglehead principles and argumen...
by PhilosophyAndrew
Wed Sep 11, 2019 7:55 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4463
Views: 1260475

Re: What Book Are You Currently Reading? Part VI

I’m positive she has. Each year she reads the entire Bookee long list! Andy. My spouse, a professor of contemporary British literature, says the new Atwood book is fantastic. She also loved Rushdie’s new book. Both novels are on my reading list. Andy. I am going to reread "The Handmaid's Tale" by Ma...
by PhilosophyAndrew
Wed Sep 11, 2019 6:29 am
Forum: Personal Consumer Issues
Topic: Did I commit a tipping faux pas?
Replies: 99
Views: 11707

Re: Did I commit a tipping faux pas?

Criticalmass, I remember, when I was maybe four or five, being jealous that my grandmother gave a quarter to the “bag boys” who bagged her groceries, carried them outside, and put them in the trunk of her car. I’ve never seen anyone tip baggers at mi local Safeway, and I’ve never done so, but I imag...
by PhilosophyAndrew
Wed Sep 11, 2019 6:24 am
Forum: Personal Consumer Issues
Topic: Did I commit a tipping faux pas?
Replies: 99
Views: 11707

Re: Did I commit a tipping faux pas?

To me, possible abstract talk of economic systems doesn’t go very far in these discussions without consideration of the lives led by individuals living within a specific system. Certainly people living within an economic system can bear specific moral relations to one another related to economic fac...
by PhilosophyAndrew
Wed Sep 11, 2019 5:57 am
Forum: Personal Finance (Not Investing)
Topic: [Frustrated with Vanguard advisory service] Procedures on Death of a Spouse
Replies: 47
Views: 5116

Re: Vanguard Insane (?) Procedures on Death of a Spouse

Sheepdog, in our case, I contacted them by phone, after which they overnighted partially-filled-in paperwork which I overnighted back. Securing their required Medallion guarantee required a trip to my local bank and was made easier by a long-standing relationship with them. But this only required a ...
by PhilosophyAndrew
Wed Sep 11, 2019 5:47 am
Forum: Personal Finance (Not Investing)
Topic: [Frustrated with Vanguard advisory service] Procedures on Death of a Spouse
Replies: 47
Views: 5116

Re: Vanguard Insane (?) Procedures on Death of a Spouse

Colleagues, I agree that Vanguard’s process was both safe and rational and that their transition team representative kind. My sole complaint was with their execution of their process: Whereas other firms had POD assets transferred within two or three business days after receipt of paperwork and deat...
by PhilosophyAndrew
Tue Sep 10, 2019 9:04 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4463
Views: 1260475

Re: What Book Are You Currently Reading? Part VI

My spouse, a professor of contemporary British literature, says the new Atwood book is fantastic. She also loved Rushdie’s new book. Both novels are on my reading list. Andy. I am going to reread "The Handmaid's Tale" by Margaret Atwood before I read the sequel which has just come out. I understand ...
by PhilosophyAndrew
Tue Sep 10, 2019 9:00 pm
Forum: Personal Consumer Issues
Topic: Costco washer/dryer delivery: tipping?
Replies: 54
Views: 6168

Re: Costco washer/dryer delivery: tipping?

One of the reasons to be kind to the least advantaged Ian be precisely that they are not in a position to negotiate for better wages. That not all low-paying jobs receive tips does not mean that none of them should. Those who want to tip in an specific case should do so, and those who don’t should n...
by PhilosophyAndrew
Tue Sep 10, 2019 8:17 pm
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 54
Views: 4573

Re: Any Recourse for Poor Contractor Work (A/C Installation)

The contractor knowing that you will hold back money until your final punch list is completed to your satisfaction is the best leverage I know about. So, I’m the future I would not give contractors access to my Amex, and I would make sure my right to withhold money is documented in the contract. (An...
by PhilosophyAndrew
Tue Sep 10, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: [Frustrated with Vanguard advisory service] Procedures on Death of a Spouse
Replies: 47
Views: 5116

Re: Vanguard Insane (?) Procedures on Death of a Spouse

Eucalyptus, I’m sorry for your loss. When my Dad died several years ago, Vanguard’s transition team was friendly but under-staffed: Each step of their process took significantly longer than they said it would. It took several months for me the named POD/TOD beneficiaries to secure access to the asse...
by PhilosophyAndrew
Tue Sep 10, 2019 5:15 pm
Forum: Personal Consumer Issues
Topic: Did I commit a tipping faux pas?
Replies: 99
Views: 11707

Re: Did I commit a tipping faux pas?

Starfish, I appreciate your thoughtful reply to my post. I agree the various social norms associated with contexts where tipping is or is not expected are not all equally established in our culture. This is perhaps to be expected because there is no single “norm of tipping” that applies in all conte...
by PhilosophyAndrew
Tue Sep 10, 2019 4:41 pm
Forum: Personal Consumer Issues
Topic: Costco washer/dryer delivery: tipping?
Replies: 54
Views: 6168

Re: Costco washer/dryer delivery: tipping?

If surgeons were as poorly-compensated as the people who install our appliances, absolutely!

Andy.
Parthenon wrote:
Tue Sep 10, 2019 4:29 pm
carolinaman wrote:
Tue Sep 10, 2019 7:53 am
I am restricted from lifting for a while after surgery last week,
I'm curious; did you also tip the surgeon? Apparently he/she did an excellent job too!

Ed
by PhilosophyAndrew
Tue Sep 10, 2019 3:22 pm
Forum: Personal Consumer Issues
Topic: Did I commit a tipping faux pas?
Replies: 99
Views: 11707

Re: Did I commit a tipping faux pas?

Starfish, consider cases where, first, you receive personal service from an individual and, second, the price you pay for that service includes a living wage or less for the person providing you that service. If you don’t want to tip those people to recognize their service to you, you don’t have to....
by PhilosophyAndrew
Tue Sep 10, 2019 11:14 am
Forum: Personal Consumer Issues
Topic: Costco washer/dryer delivery: tipping?
Replies: 54
Views: 6168

Re: Costco washer/dryer delivery: tipping?

If thei installation was more difficult than usual or they did an exemplary job with a standard installation, I would consider tipping.

Unlike Cheez-It Guy (see his long comment above), I don’t consider the math involved onerous.

Andy.
by PhilosophyAndrew
Tue Sep 10, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: In retirement, a $100 monthly expense needs $30,000 in your portfolio
Replies: 68
Views: 7828

Re: In retirement, a $100 monthly expense needs $30,000 in your portfolio

This reasoning assumes that a 4% inflation-adjusted constant withdrawal will deplete one’s assets over the course of a standard-length (for example, thirty years) retirement. But the research suggests that this is not the case. Far from it. Andy. May I add some more perspective to this thread? When ...
by PhilosophyAndrew
Tue Sep 10, 2019 10:14 am
Forum: Personal Finance (Not Investing)
Topic: In retirement, a $100 monthly expense needs $30,000 in your portfolio
Replies: 68
Views: 7828

Re: In retirement, a $100 monthly expense needs $30,000 in your portfolio

conservativeinvestor wrote:
Tue Sep 10, 2019 10:00 am
looking at it this way is terribly demotivating.
Over a thirty year retirement, $30,000 secures $32.000 worth of spending AND your estate is likely to retain those assets after all that consumption. Doesn’t sound bad at all.

Andy.
by PhilosophyAndrew
Tue Sep 10, 2019 9:42 am
Forum: Personal Finance (Not Investing)
Topic: In retirement, a $100 monthly expense needs $30,000 in your portfolio
Replies: 68
Views: 7828

Re: In retirement, a $100 monthly expense needs $30,000 in your portfolio

To add to your point, keep in mind that the assets aren’t normally depleted after a normal-length retirement. So, it isn’t the case that the lifelong monthly expense will necessarily (or even likely) use up those assets. Andy. 30000 for cell service for all of the retirement may sound excessive but ...
by PhilosophyAndrew
Tue Sep 10, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: In retirement, a $100 monthly expense needs $30,000 in your portfolio
Replies: 68
Views: 7828

Re: In retirement, a $100 monthly expense needs $30,000 in your portfolio

This also helps illustrate why social security or other pension benefits are so important to so many retirees.

Andy.
by PhilosophyAndrew
Tue Sep 10, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Opinion on Will / Estate issue?
Replies: 29
Views: 2457

Re: Opinion on Will / Estate issue?

OP, I agree with your initial judgment that this is not worth fighting. In the end, the oral statement is trumped by the will, and fighting the will would only add stress to what is already a fraught situation. Sometimes turning the other cheek and forgiving the trespasser constitutes a form of self...
by PhilosophyAndrew
Tue Sep 10, 2019 8:47 am
Forum: Personal Finance (Not Investing)
Topic: When do you start gifting the max to your family members? When is enough NW totally enough?
Replies: 80
Views: 10009

Re: When do you start gifting the max to your family members? When is enough NW totally enough?

Ought one to maximize the utility value of one’s spending? Why? If so, the utilitarian Peter Singer’s “The Life You Can Save” project probably is a much better way to do that than giving money to family members. (See URL https://www.thelifeyoucansave.org for more on his utility-driven project.) Or s...
by PhilosophyAndrew
Mon Sep 09, 2019 10:03 pm
Forum: Personal Consumer Issues
Topic: Toyota Highlander Hybrid: 2019 or 2020?
Replies: 9
Views: 1859

Re: Toyota Highlander Hybrid: 2019 or 2020?

Isn’t the first year of a redesign frequently buggy?

Andy.
by PhilosophyAndrew
Mon Sep 09, 2019 6:29 pm
Forum: Personal Consumer Issues
Topic: Did I commit a tipping faux pas?
Replies: 99
Views: 11707

Re: Did I commit a tipping faux pas?

I read somewhere that nowadays is expected to live a tip on the pillow in hotel for the cleaning service. Does anybody really do this? It's so ridiculous, where does it stop? Absolutely I do, and I’ve done so for decades. The hotel maids work hard to change your sheets and clean your toilet, and ti...
by PhilosophyAndrew
Mon Sep 09, 2019 4:37 pm
Forum: Investing - Theory, News & General
Topic: 5% Withdrawal Rate Recommended by US News Columnist
Replies: 141
Views: 12594

Re: 5% Withdrawal Rate Recommended by US News Columnist

This is hardly shocking or dangerous advice: “[If you]truly have more than enough money to last for what is an increasingly long life expectancy in the United States, and you are not concerned about drawing down your portfolio's assets, you can consider increasing your annual withdrawal....” Those w...
by PhilosophyAndrew
Mon Sep 09, 2019 12:18 pm
Forum: Personal Consumer Issues
Topic: Did I commit a tipping faux pas?
Replies: 99
Views: 11707

Re: Did I commit a tipping faux pas?

That’s an eminently sensible solution to your concern. Those who chose to purchase expensive drinks but begrudge tipping on that luxury purchase run the risk of seeming stingy. Foregoing the luxury purchase avoids that perception. Andy. Restaurants kill me ... if I order a fancy bourbon or wine, and...
by PhilosophyAndrew
Mon Sep 09, 2019 7:47 am
Forum: Personal Investments
Topic: Windfall - Investment Advice
Replies: 18
Views: 2104

Re: Windfall - Investment Advice

OP, congratulations on the windfall. I would use the time before the deal closes to continue reading about investing here at BH — and perhaps some of the recommended books too. I would also set as your goal writing an investment plans that includes the asset allocations that you decide are best for ...
by PhilosophyAndrew
Sun Sep 08, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: How to title a car
Replies: 42
Views: 2903

Re: How to title a car

Should the car be titled in: her name only, my name only, both of our names? For liability reasons, titling in her name only is best...Even with umbrella this is a risk. An accident that, for instance, breaks the arm of a passenger not wearing a seatbelt can settle for hundreds of thousands of doll...
by PhilosophyAndrew
Sun Sep 08, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Surviving Parent Remarrying - What To Do?
Replies: 40
Views: 5555

Re: Surviving Parent Remarrying - What To Do?

This is an important point. My father was married to his second wife for twenty/five years and, at various points, changed his plans to provide more support for her. He always explained his plans and reasoning to me in advance, and his decisions made perfect sense to me. This open communication help...
by PhilosophyAndrew
Sun Sep 08, 2019 1:07 pm
Forum: Personal Investments
Topic: Does a FA make sense at a certain portfolio level?
Replies: 53
Views: 4603

Re: Does a FA make sense at a certain portfolio level?

OP, I believe the Boglehead investment principles, values, and philosophy are valid independent of portfolio size. Very wealthy individuals can afford to implement more complicated investing strategies if they wish, but doing so is just a matter of their personal preference and is unnecessary. Those...
by PhilosophyAndrew
Sun Sep 08, 2019 12:41 pm
Forum: Personal Investments
Topic: Is it a right time to start invest ?
Replies: 27
Views: 2910

Re: Is it a right time to start invest ?

Absolutely, yes, now is a great to invest. Whenever the market drops next will be a great time to continue to invest. You should start investing now and continue investing throughout your working life. The worst things you can do for your investment performance is to allow fear, uncertainty, doubt, ...
by PhilosophyAndrew
Sun Sep 08, 2019 11:47 am
Forum: Personal Consumer Issues
Topic: The most annoying thing about other drivers
Replies: 8
Views: 822

Re: The most annoying thing about other drivers

What annoys me the most are drivers who hang out in the left lane of a multi-lane highway, slowing travel for all who drive faster than them.

I like states like New Jersey where the rule is: Keep right except for passing.

Andy.