Search found 304 matches

by PhilosophyAndrew
Sat Jun 23, 2018 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Help a 'Three Funder' Allocate Inherited IRA
Replies: 8
Views: 616

Re: Help a 'Three Funder' Allocate Inherited IRA

OP, why are you considering changing your asset allocations? If you have made a principled decision to change your allocations, invest ayour entire portfolio according to your new allocations. If you do not change your allocations, then invest your entire portfolio according to your current allocati...
by PhilosophyAndrew
Fri Jun 22, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes from dividends getting high.. how to handle?
Replies: 24
Views: 2452

Re: Taxes from dividends getting high.. how to handle?

OP, will your tax-deferred investments provide for your retirement and other needs? If so, you could transfer the taxable assets to a DAF to fund your charitable giving. If you are mainly concerned with avoiding excessive dividend income growth, you could donate enough assets to a DAF to keep that i...
by PhilosophyAndrew
Thu Jun 21, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: Does an IPS really need to be 5 pages long to be valuable?
Replies: 64
Views: 2870

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

Mine is a single paragraph.

I can understand the need for a more detailed “death book” document providing many more specific details for heirs or executors, but my investment policy statement is short because my investment policy is simple.

Andy.
by PhilosophyAndrew
Tue Jun 19, 2018 6:30 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3067
Views: 945976

Re: What Book Are You Currently Reading? Part VI

Stalin: New Biography of a Dictator by Oleg Khlevniuk.

My current non-fiction reading interest is the history of the Soviet Union. I’m working backwards in time, after first having read William Taubman’s excellent biographies of Gorbachev and Krushchev.

Andy.
by PhilosophyAndrew
Tue Jun 19, 2018 2:43 pm
Forum: Personal Consumer Issues
Topic: Road trip Pennsylvania,Maryland,and DC
Replies: 80
Views: 3490

Re: Road trip Pennsylvania,Maryland,and DC

Be very careful if you venture into the Inner Harbor area of Baltimore. If you want to see the national aquarium, do so only in daylight and stay within crowds. Be gone by dark. Crime is terrible in that area, tourists are targeted, there have been stabbing deaths. Due to the political mess, the po...
by PhilosophyAndrew
Mon Jun 18, 2018 11:33 pm
Forum: Personal Consumer Issues
Topic: Road trip Pennsylvania,Maryland,and DC
Replies: 80
Views: 3490

Re: Road trip Pennsylvania,Maryland,and DC

I second the recommendation to visit Gettysburg National Military Park, especially if you can hire a licensed guide — they are outstanding in my experience.

http://gettysburgtourguides.org/

Andy.
by PhilosophyAndrew
Thu Jun 14, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 106
Views: 8900

Re: I was rear ended and the other guy wants a payout!

I do not believe I'm at fault in this case, but whatever the outcome, what really upsets me is people who fake injuries in order to maximize accident settlements. There is no way this guy was legitimately injured in this accident. On what basis do you make this claim? Presumably you have not see hi...
by PhilosophyAndrew
Wed Jun 13, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 75
Views: 9526

Re: Who uses the 3 fund portfolio ?

I now use a three-fund portfolio after several decades investing in a one-fund portfolio consisting of VTSAX. Why the transition? Reading the massive Three Fund Portfolio thread convinced me me that — as I entered my 50s — there was value in diversifying my holdings with bonds and international equ...
by PhilosophyAndrew
Tue Jun 12, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 75
Views: 9526

Re: Who uses the 3 fund portfolio ?

I now use a three-fund portfolio after several decades investing in a one-fund portfolio consisting of VTSAX.

Andy.
by PhilosophyAndrew
Tue Jun 12, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off a mortgage: Incentivized by new tax law?
Replies: 17
Views: 1565

Re: Paying off a mortgage: Incentivized by new tax law?

Yes, I agree. If I were in OP’s shoes, I would work to pay off the mortgage.

There are also nice psychological benefits of having a paid off house!

Andy.
by PhilosophyAndrew
Tue Jun 12, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Paying off a mortgage: Incentivized by new tax law?
Replies: 17
Views: 1565

Re: Paying off a mortgage: Incentivized by new tax law?

Paying off your mortgage is not a guaranteed 4% real return — the return is nominal, and will become less significant wirh inflation.

Andy.
by PhilosophyAndrew
Mon Jun 11, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: death certificates...hospice and 911
Replies: 32
Views: 2913

Re: death certificates...hospice and 911

My Dad died during home hospice. His primary care physician — who also owned the hospice company he used — was present when he died and called the funeral home to pick up his body. The doctor competed and signed the death certificate, the state issued it, and the funeral home had twenty copies for m...
by PhilosophyAndrew
Mon Jun 11, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for a prolonged bear market
Replies: 65
Views: 5410

Re: Strategy for a prolonged bear market

No Plan B. Fully committed to Plan A - “stay the course and rebalance by directing funds to the decreased asset” as specified in my IPS. Why complicate matters? Plan A should meet my investing needs. That said, I will reduce discretionary spending as I deem appropriate during the remaining bear mark...
by PhilosophyAndrew
Sun Jun 10, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10065

Re: Why do we work?

I could retire, but enjoy working as a college professor because this work keeps me intellectually stimulated and helps me to continue to learn and to grow. I also view this work as socially progressive and enjoy helping others to achieve sophisticated learning. As I’ve gotten older and rescued fina...
by PhilosophyAndrew
Thu Jun 07, 2018 8:46 pm
Forum: Personal Consumer Issues
Topic: daughter wants a college transfer?
Replies: 65
Views: 5076

Re: daughter wants a college transfer?

OP, I don’t think this is a matter for evaluating reasons and assessing arguments. Rather, I think the crucial issue is your evaluation of exactly, first, how unhappy your daughter is and, second, how likely her unhappiness is to compromise the remainder of her college education. If she is unhappy e...
by PhilosophyAndrew
Thu Jun 07, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Tesla Autopilot, worth it?
Replies: 113
Views: 7196

Re: Tesla Autopilot, worth it?

I wish that Tesla and Mercedes would offer the adaptive cruise control separately, but I understand why they want to bundle it in an expensive package. Andy. I wanted the mythical unicorn called Full Self Drive so to get that I needed EAP. Now I just wish I passed on both. Fixed speed cruise contro...
by PhilosophyAndrew
Thu Jun 07, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: Tesla Autopilot, worth it?
Replies: 113
Views: 7196

Re: Tesla Autopilot, worth it?

Do you think $5,000 is a bit much for just TACC? To each his own. It could be worse: My Mercedes required a $9,000 option package to receive adaptive cruise control. That package also gave it auto steering, auto lane change, enhanced emergency breaking for cross traffic, upgraded seats, upgraded so...
by PhilosophyAndrew
Thu Jun 07, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1114
Views: 87237

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

Our main concerns whether we would like the car and whether Tesla the company will survive to service it. So far we love the car and have no idea how the company will fare. Andy. With GM filing bankruptcy in 2009 anything is possible. But even in 2009 Tesla survived (just barely). I think they have...
by PhilosophyAndrew
Thu Jun 07, 2018 11:59 am
Forum: Personal Consumer Issues
Topic: Tesla Autopilot, worth it?
Replies: 113
Views: 7196

Re: Tesla Autopilot, worth it?

Until peer-reviewed studies are published, we won’t know much about the safety of these systems; I agree that anecdotal and journalistic reports are not particularly useful, and of course marketing claims should be assessed accordingly. So, this means the decision to use or purchase this technology ...
by PhilosophyAndrew
Thu Jun 07, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 273
Views: 12475

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

As I've said multiple times, he can go to law school and spend the rest of his life publishing law review articles. Do you really think this is plausible? I'm just curious....In other academic disciplines I think you would be hard pressed to get published in a good academic journal if you weren't a...
by PhilosophyAndrew
Wed Jun 06, 2018 8:56 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1114
Views: 87237

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

I suspect many of you are probably facing the same dilemma. I would love to know what is your plan of action on taking delivery of Tesla Model 3. My wife’s Model 3’s net cost, including taxes and fees, will be $43,500 after federal and state incentives. We wanted the larger battery and are happy wi...
by PhilosophyAndrew
Tue Jun 05, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Should I put some money aside in money market for market correction
Replies: 94
Views: 6696

Re: Should I put some money aside in money market for market correction

But no need to go to great lengths to convince or impress. People see what they believe, not believe what they see. Anyway, once or twice (or just market investments) did not get me to a NW of $10M at 45, LOL! My successful investments are multi-pronged. Stat check: It only took until your 6th post...
by PhilosophyAndrew
Tue Jun 05, 2018 12:18 pm
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 4854

Re: Best case to convert a Bogle skeptic?

Yes, leave it be, but what I find amazing is your father (a former professional in the investing business) does not seem to realize the impact of high costs. :shock: -OR- He does know, but is loyal to his employer. :?: Paul Or he simply disagrees with the Boglehead critique of his former career. Gi...
by PhilosophyAndrew
Tue Jun 05, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 4854

Re: Best case to convert a Bogle skeptic?

Yes, leave it be, but what I find amazing is your father (a former professional in the investing business) does not seem to realize the impact of high costs. :shock: -OR- He does know, but is loyal to his employer. :?: Paul Or he simply disagrees with the Boglehead critique of his former career. I ...
by PhilosophyAndrew
Tue Jun 05, 2018 3:19 am
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 273
Views: 12475

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

OP, about teaching law: After a career in higher education (not in legal education), my sense is that search committes for tenure track jobs would likely not hire you because of your age. There will likely be hundreds of well-qualified applicants for each job, so top credentials don’t matter very mu...
by PhilosophyAndrew
Mon Jun 04, 2018 7:12 pm
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 4854

Re: Best case to convert a Bogle skeptic?

OP, is your farher in danger of becoming insolvent because of the advisory fees you deplore? If not, I would drop it because that is his choice and, literally, his business. It is nice that you are helping him in his declining years, but I think you have a general duty to respect his autonomy and yo...
by PhilosophyAndrew
Mon Jun 04, 2018 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Talk me out of going crazy...
Replies: 48
Views: 6150

Re: Talk me out of going crazy...

FlyingMoose, how does investing in thousands of companies through a diversified index fund put you in the same jeopardy as someone who invests in just a single stock, namely the stock of his employer? I’m confused by what you write about this.

Andy.
by PhilosophyAndrew
Sun Jun 03, 2018 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Talk me out of going crazy...
Replies: 48
Views: 6150

Re: Talk me out of going crazy...

Either he understands the risk he's taking and will deal with the consequences, or he doesn't understand the risk he's taken and won't deal with the consequences (and expect you to "help him out financially"). So why would you rescue someone who you've already warned and refuses to do something dif...
by PhilosophyAndrew
Sun Jun 03, 2018 8:47 pm
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 7460

Re: Is our monthly Personal money out of line?

I think you're thinking about this backwards. First calculate how much you need to save in order to hit your long term financial goals, ie retirement, college fund, whatever. Fund those goals. Then see how much you have left. Then fund your mid term goals, such as vacation, car, etc. If you're shor...
by PhilosophyAndrew
Sun Jun 03, 2018 8:41 pm
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 7460

Re: Is our monthly Personal money out of line?

OP, what does it mean to optimize spending in the context that you are using that phrase? For example, are you trying to ensure that you limit spending so that you save enough to meet a specific financial goal? In this case, your discretionary spending is fine as long as you are still on track to me...
by PhilosophyAndrew
Sun Jun 03, 2018 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Request model portfolio and IPS development help
Replies: 14
Views: 1006

Re: Request model portfolio and IPS development help

OP, it is great that you are working to develop an IPS. Since you know that you are vulnerable to making impulsive, emotional investing decisions, I would address this issue in your statement and develop a clear and compelling narrative that explains to your future emotional self why you should stic...
by PhilosophyAndrew
Sun Jun 03, 2018 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Should I put some money aside in money market for market correction
Replies: 94
Views: 6696

Re: Should I put some money aside in money market for market correction

Yes, there is bound to be a correction sooner or later. This is how the market works. Corrections and bear markets are 100% normal. But you should not try to guess when they will happen. Nobody can. If you leave cash on the sidelines, you will likely miss out on returns it could have been bringing ...
by PhilosophyAndrew
Sun Jun 03, 2018 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Talk me out of going crazy...
Replies: 48
Views: 6150

Re: Talk me out of going crazy...

OP, am I right that your emotions are driving you to make a large, possibly rash decision that you would like fellow Bogleheads to dissuade you from making? Depending on the kindness of strangers generally works in this special place, but the best long-term solutions is to work through your decision...
by PhilosophyAndrew
Sun Jun 03, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 5243

Re: Have $2.5M at 30, career advice needed

OP, can you say more about want your exact concerns and desires? You say that you and your wife both enjoy your jobs, but you also seem interested in retiring now. If you enjoy your jobs, why are you concerned about retiring now? Do you expect that you will lose your jobs, or that you will stop enjo...
by PhilosophyAndrew
Sun Jun 03, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 8601

Re: is Having more and needing less normal?

I use my gym membership regularly (4x/wk) and do not have a trainer as I do not need one. I do see some trainers having their clients do crazy things. From what I can see a trainer has to hold hands and create a dependency so that their client needs them. Not much different than financial planners....
by PhilosophyAndrew
Sun Jun 03, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Can a physician work in tech while practicing as well?
Replies: 57
Views: 3781

Re: Can a physician work in or transition to tech?

I don’t want to sound too rude, but it’s pretty strange to me that you’d want to basically throw out all of the time and money you have invested in to med school so soon after completing. I am assuming you aren’t going to be in debt from it? Peoples’ careers can take strange paths. One of my cousin...
by PhilosophyAndrew
Sun Jun 03, 2018 9:22 am
Forum: Personal Consumer Issues
Topic: Any reasons to not put money down for a Tesla Model 3?
Replies: 45
Views: 2905

Re: Any reasons to not put money down for a Tesla Model 3?

This company's finances are in dire straits IMO. Possibly, but the decision to delay leasing makes good sense: The company needs cash to finance the huge backlog of orders, and demand is strong enough that they can se all they produce to cash customers. If the company is able to fulfill existing or...
by PhilosophyAndrew
Sat Jun 02, 2018 9:41 pm
Forum: Personal Consumer Issues
Topic: 6 hour layover on Heathrow
Replies: 42
Views: 3323

Re: 6 hour layover on Heathrow

If you had a six hour layover in Heathrow and wanted to visit a few sights, what would top your list? We’re thinking Tower Bridge, maybe the British Museum. Family of 4, old enough to walk without whining. Appreciate any insights. I don’t think you have time to see any sights in London. If I were i...
by PhilosophyAndrew
Sat Jun 02, 2018 9:31 pm
Forum: Personal Consumer Issues
Topic: Friends with an EJ Advisor
Replies: 49
Views: 3967

Re: Friends with an EJ Advisor

OP, can you say more about your relationship with this individual? You say that you and he are close friends, but that you are uncomfortable speaking directly with him. Are you similarly uncomfortable speaking with other close friends? If so, perhaps improving your communication skills would be a us...
by PhilosophyAndrew
Sat Jun 02, 2018 8:25 pm
Forum: Personal Consumer Issues
Topic: Any reasons to not put money down for a Tesla Model 3?
Replies: 45
Views: 2905

Re: Any reasons to not put money down for a Tesla Model 3?

My wife and I both found the controls easy to use. They are different from other cars, but were clearly engineered with some care. The controls may not work well for everyone, but I would surprised how easy it was to get used to them. Ditto. I was actually surprised that my wife "really likes drivi...
by PhilosophyAndrew
Sat Jun 02, 2018 7:32 pm
Forum: Personal Consumer Issues
Topic: Any reasons to not put money down for a Tesla Model 3?
Replies: 45
Views: 2905

Re: Any reasons to not put money down for a Tesla Model 3?

The interior of the model 3 is also quite bland cd the model s. This is obviously a subjective aesthetic judgment. I think the interior of the Model 3 is the best of all three Tesla models and the interior of the Model S the worst (to me, it looks cheap). I didn’t know if I would like the monimalis...
by PhilosophyAndrew
Sat Jun 02, 2018 7:25 pm
Forum: Personal Consumer Issues
Topic: Any reasons to not put money down for a Tesla Model 3?
Replies: 45
Views: 2905

Re: Any reasons to not put money down for a Tesla Model 3?

Part of the reason I think you'll want to test drive one before ordering is how many controls they've pushed to the touchscreen instead of having dedicated tactile controls. I guess they didn't bother to hire any human factors engineers... My wife and I both found the controls easy to use. They are...
by PhilosophyAndrew
Sat Jun 02, 2018 7:19 pm
Forum: Personal Consumer Issues
Topic: Any reasons to not put money down for a Tesla Model 3?
Replies: 45
Views: 2905

Re: Any reasons to not put money down for a Tesla Model 3?

Are there any reasons not to put down a deposit? Of course! The company may fail, the car might be unreliable or poorly-made, when you are able to purchase it, the car may not meet your family’s need or when you other companies may make better electric cars, and so on. There are always reasons not t...
by PhilosophyAndrew
Fri Jun 01, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 8601

Re: is Having more and needing less normal?

A happy moment as parent of a teenage daughter was when my daughter commented that I dress better than most dads at her school. Andy. My reaction would have been more one of horror than happiness. "Dressing better than..." is not a goal. Pleasant interactions with one’s 15-year-old are always welco...
by PhilosophyAndrew
Fri Jun 01, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 12349

Re: how do you tip on wine at a restaurant

My home state has a very low server minimum wage, so reasonable tipping is justified. I will definitely look up server minimum wages when I travel to other states and adjust my tips accordingly. I don't understand the idea that an 18% tip (for example) should be the same in a state with a $2.50 ser...
by PhilosophyAndrew
Fri Jun 01, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 8601

Re: is Having more and needing less normal?

Difference between the few who have fashion sense and look sharp and the majority is very noticeable and I think for the most part serves them well. A happy moment as parent of a teenage daughter was when my daughter commented that I dress better than most dads at her school. That said, many seem n...
by PhilosophyAndrew
Fri Jun 01, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 8601

Re: is Having more and needing less normal?

OP, it doesn’t sound like either your desire to accumulate wealth or your decision not to reduce consumption manifests to a pathological degree. What you experience may not be normal in, say, the highly consumeristc US society — where many save little and aspire to consume lots — but as long as what...
by PhilosophyAndrew
Fri Jun 01, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 8601

Re: is Having more and needing less normal?

Lots of old guys think they look stylish when they are a walking billboard saying "I am hoping 60 is the new 40." It’s hard to know what others think. For all we know, someone may not care about style at all, may like his personal style and not care what others think about it, or may hate his cloth...
by PhilosophyAndrew
Thu May 31, 2018 11:19 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1857
Views: 340274

Re: What are you up YTD? [Year To Date]

Oh my. After checking today, my hand picked 10 fund actively managed portfolio is up 9.5% YTD. Only 1 of the 10 has a negative performance. I feel sad for all those that believe such market out-performance with all this diversification is not possible or, at best, pure luck. That's a lot of the mor...
by PhilosophyAndrew
Thu May 31, 2018 11:03 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3067
Views: 945976

Re: What Book Are You Currently Reading? Part VI

Krusxhchev: The Man and His Era by William Taubman.

I just finished reading Taubman’s excellent biography of Mikhail Gorbachev, and an turning next to this earlier biography, which won the Pulitzer Prize.


Andy.