Search found 157 matches

by McGilicutty
Wed Oct 31, 2018 7:25 am
Forum: Investing - Theory, News & General
Topic: Why I'm NOT 100% stocks
Replies: 36
Views: 5184

Re: Why I'm NOT 100% stocks

You have a well-thought out plan and will likely be able to execute it sometime within the next 100,000 years when the events you anticipate transpire exactly as you have planned them.

Good luck. We're all counting on you.
by McGilicutty
Mon Oct 29, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12777

Re: Am I doing well financially?

When I was newly married, we drove 10 hours each way to visit family. Buying tickets was not an option on our budget. In-laws are a 22-hour drive, I am not driving that and using up additional PTO days, c'mon. How badly do you want it? It's kind of like Budweiser v. Bud Light in the Bud Bowl. Budwe...
by McGilicutty
Thu Oct 25, 2018 11:16 am
Forum: Investing - Help with Personal Investments
Topic: For those waiting for a 'correction' ...
Replies: 109
Views: 1235549

Re: For those waiting for a 'correction' ...

I have between 10% to 15% of my portfolio that I muck around with. The rest is in U.S. stock market index ETFs (VOO, VTI, SPY) and I don't do any trading in that portion of my port. Up until a couple of weeks ago I had some individual tech stocks (13% of port) which I sold at that time with the inte...
by McGilicutty
Wed Oct 24, 2018 5:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8608
Views: 1679151

Re: U.S. stocks in freefall

DIVE! DIVE! DIVE!

I'm expecting a big whoosh-down a few days from now on Monday. I wish I had more dry powder to deploy but I plan to deploy what I've got at that time.
by McGilicutty
Fri Oct 19, 2018 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand
Replies: 16
Views: 1755

Re: Help me understand

When the Federal Reserve signals that they are done raising rates, then consider bond funds again. Has the Federal Reserve ever signaled that they will never raise rates again? Or even signaled that they will not raise rates for a year or two? Not sure if they've ever made projections that far out,...
by McGilicutty
Fri Oct 19, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: Total Bond Market Fund - interest rates rising!
Replies: 147
Views: 16696

Re: Total Bond Market Fund - interest rates rising!

With those kind of piddly gains, wouldn't it be better to put the bonds/fixed-income portion of your portfolio in a short-term FDIC-insured CD? For example, bankrate.com shows a 15-month CD at 2.75% APY. It seems like that would be the better route rather than speculating on a bond fund at this time.
by McGilicutty
Fri Oct 19, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Help me understand
Replies: 16
Views: 1755

Re: Help me understand

I agree with you that FDIC-insured CDs are the better way to go in a rising-interest-rate environment. Much better to get a guaranteed return than speculate on a losing bond fund. When the Federal Reserve signals that they are done raising rates, then consider bond funds again. This is commonly bel...
by McGilicutty
Fri Oct 19, 2018 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Help me understand
Replies: 16
Views: 1755

Re: Help me understand

I agree with you that FDIC-insured CDs are the better way to go in a rising-interest-rate environment. Much better to get a guaranteed return than speculate on a losing bond fund. When the Federal Reserve signals that they are done raising rates, then consider bond funds again.
by McGilicutty
Thu Oct 18, 2018 7:05 pm
Forum: Investing - Theory, News & General
Topic: So...what’s Plan B [for your retirement security]?
Replies: 32
Views: 3542

Re: So...what’s Plan B [for your retirement security]?

I sometimes volunteer at the local food pantry and see lots of seniors come through. Plan B (or maybe Plan A for some) as near as I can tell is as follows: (1) Stretch SS as far as you can (2) Rely on Medicare or Medicaid for healthcare (3) Rely on food stamps and the food pantry for food (also eat ...
by McGilicutty
Tue Oct 16, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 411
Views: 46922

Re: U.S. stocks continue to soar!

S&P 500 up 1.6% so far today. US STOCKS CONTINUE TO SOAR!
by McGilicutty
Fri Oct 12, 2018 5:24 am
Forum: Investing - Theory, News & General
Topic: Timber as an alternative - didn't work so well...
Replies: 34
Views: 5527

Re: Timber as an alternative - didn't work so well...

I've heard that there is good demand for white oaks that are turned into barrels for whisky and wine. Supposedly, the barrels can only be used once for whisky and then again for wine and then they are pretty much useless except for maybe as a lawn ornament. As for firewood, my uncle says that there ...
by McGilicutty
Thu Oct 11, 2018 7:07 am
Forum: Investing - Theory, News & General
Topic: What do you think of the Tesla craziness?
Replies: 25
Views: 2308

Re: What do you think of the Tesla craziness?

I used to own some Tesla (100 shares), but sold it after Musk made his 'funding secured' tweet. Musk may be the next Jobs, but the market cap of Tesla is pretty high ($43B) for a car company.

I'm not sure what Tesla the stock is going to do in the future, but I'm on the sidelines for now.
by McGilicutty
Thu Oct 11, 2018 1:04 am
Forum: Investing - Theory, News & General
Topic: Is it smart to hold more cash right now?
Replies: 16
Views: 1777

Re: Is it smart to hold more cash right now?

First, I'm not a true boglehead. I sometimes own individual stocks. I sometimes engage in market timing. I don't own any bonds. My current allocation is 87% U.S. stock index ETFs and 13% cash. With that being said, if you are feeling uncomfortable with your stock allocation, then I think it's wise t...
by McGilicutty
Wed Oct 10, 2018 10:12 pm
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 102
Views: 9966

Re: When will you backup the truck on stocks

I've got about 13% of my port in cash at the moment due to selling all my individual stocks recently. If the market crashes down 20% then I'm putting it all in a broad market U.S. etf. If the market continues to sell off little by little each day then I'll put a little of my cash into the index ETF ...
by McGilicutty
Wed Oct 10, 2018 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 111
Views: 8486

Re: What did you buy today

Bought a little SCHB (Schwab Broad Market Index).
by McGilicutty
Sat Feb 24, 2018 6:51 am
Forum: Personal Finance (Not Investing)
Topic: How Do People Without Computer Access Prepare and File Their Taxes?
Replies: 53
Views: 3845

Re: How Do People Without Computer Access Prepare and File Their Taxes?

Our local Senior Center has a group of volunteers who helps people file their taxes. Each volunteer has a computer with a tax program on it and all you need to do is bring in your 1099s, W-2s, etc. There is no charge for this service and it is sponsored by the AARP, so there may be a service like th...
by McGilicutty
Tue Feb 06, 2018 8:42 am
Forum: Investing - Theory, News & General
Topic: Where Are The 100% Equity Bulls? BND up .44%
Replies: 47
Views: 5432

Re: Where Are The 100% Equity Bulls? BND up .44%

I'm about 97% equities with no bonds. The S&P 500 is still outperforming BND for the year, but that will probably change today.
by McGilicutty
Fri Jan 19, 2018 9:41 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads reconcile efficient markets theory with Bitcoin?
Replies: 45
Views: 3026

Re: How do Bogleheads reconcile efficient markets theory with Bitcoin?

Lots of people on this board seem to believe in a fairly strict version of EMH. How does Bitcoin fit into this view of the investing world? Is Bitcoin fairly valued by the market at every moment? Has Bitcoin been fairly valued over the last month or year? How do you reconcile these things? Isn't Bo...
by McGilicutty
Fri Jan 12, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 30164

Re: Hitting The Sell Button

In my mid-40s and still about 97% stock here (the rest in cash). Recently joined the two-comma club and am enjoying the ride.
by McGilicutty
Tue Jan 02, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 169
Views: 18766

Re: 2018 Hedge Fund contest

Name: Dewey, Cheatham, and Howe Fund

Long:
Shopify (SHOP)
Roku (ROKU)

No shorts
by McGilicutty
Thu Dec 28, 2017 7:59 am
Forum: Investing - Theory, News & General
Topic: Is anyone putting money aside into Gold?
Replies: 148
Views: 17390

Re: Is anyone putting money aside into Gold?

Gold is pretty to look at and hold in one's hands. At least that's the only reason for owning gold concluded by all the gold bugs who participated in this very recent gold thread: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=233083 I think that is a slight oversimplification. Besides those ...
by McGilicutty
Wed Dec 27, 2017 10:47 pm
Forum: Investing - Theory, News & General
Topic: Interesting Bitcoin documentary on Amazon Prime
Replies: 8
Views: 1893

Re: Interesting Bitcoin documentary on Amazon Prime

This is the most enlightening article I've found on blockchain and bitcoin: https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100 If you don't want to read the article, basically it says that after 10 years, nobody has come up with a use for blockchain oth...
by McGilicutty
Tue Dec 12, 2017 12:09 am
Forum: Personal Consumer Issues
Topic: Linux based laptop or just a Windows based laptop formatted?
Replies: 49
Views: 4060

Re: Linux based laptop or just a Windows based laptop formatted?

I bought a $300-or-so Windows 10, ASUS, Intel Pentium laptop from Wal-Mart and was able to configure it to dual-boot to Windows and Ubuntu Linux. I can't remember all the steps it took, but I do remember that I had to disable secure boot, burn Ubuntu onto a bootable USB stick, and then boot to the U...
by McGilicutty
Sun Oct 29, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Timing with Total Stock Market ETF
Replies: 21
Views: 2077

Re: Timing with Total Stock Market ETF

Finally, I never really get these strategies that people come up with then say, "I will only do this with 10% or 20% of my money." Well, if you think this might work so well, wouldn't you want to do it with 100% of your money? The answer is yes. So if you find yourself NOT doing this with 100% of y...
by McGilicutty
Sun Oct 29, 2017 4:26 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3906

Re: Patient but not that lucky

I have not had any of the AMZN/GOOG/PCLN/NFLX 10-15x type luck. Pretty much all the tech stocks I bought during and even after the tech bubble crashed and burned. I did think many times of buying one of these 10-15x ones, but could not muster the courage. I have done OK overall in my investments , ...
by McGilicutty
Sat Oct 28, 2017 6:58 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing is profitable?
Replies: 29
Views: 3928

Re: Rebalancing is profitable?

Rebalancing has not been profitable recently as the stock market has gone up too far too fast. I think last year the S&P 500 returned something like 15% and this year it has already returned over 16%. You will need a big drop in the stock market to make up for the profits lost by being in bonds duri...
by McGilicutty
Thu Oct 26, 2017 2:30 pm
Forum: Investing - Theory, News & General
Topic: Career advice: Ok to work as a Commission-Based FA?
Replies: 18
Views: 1808

Re: Career advice: Ok to work as a Commission-Based FA?

I too have sometimes felt like punching people on facebook. If I were you, I'd use this guy to get your license and then go off on your own as a flat-fee CFP. I'm sure you could help a lot of people.
by McGilicutty
Thu Oct 26, 2017 8:44 am
Forum: Personal Finance (Not Investing)
Topic: My fear about buying a house justified?
Replies: 72
Views: 7506

Re: My fear about buying a house justified?

Your fear is definitely justified. It seems clear in this case that renting the 2 BR is the better way to go, but here is a good calculator that can show you how much better it is: https://www.nytimes.com/interactive/201 ... lator.html
by McGilicutty
Mon Oct 23, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 11455

Re: Is it ok to have 100% stocks, 15 years+

As an aside, and this could totally in my head, but I feel like during the last 2 years I have seen more and more people going very heavy in stocks. I can't help but think it is because people have forgotten 2009 or were not invested at that time. Also, I suppose anyone in their 20s has never exper...
by McGilicutty
Sun Oct 22, 2017 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - ReadyInvestor
Replies: 39
Views: 4165

Re: Portfolio Review Request - ReadyInvestor

ERs for tickers mentioned in OP's latest post obtained from Yahoo! Finance: ( SCHB ) Schwab US Broad Market ETF -- 0.03% ER ( SCHF ) Schwab International Equity ETF -- 0.08% ER ( SCHZ ) Schwab US Aggregate Bond ETF -- 0.05% ER ( SCHH ) Schwab US REIT ETF -- 0.07% ER ( SWTSX ) Schwab Total Stock Mar...
by McGilicutty
Sun Oct 22, 2017 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - ReadyInvestor
Replies: 39
Views: 4165

Re: Portfolio Review Request - ReadyInvestor

ERs for tickers mentioned in OP's latest post obtained from Yahoo! Finance: ( SCHB ) Schwab US Broad Market ETF -- 0.03% ER ( SCHF ) Schwab International Equity ETF -- 0.08% ER ( SCHZ ) Schwab US Aggregate Bond ETF -- 0.05% ER ( SCHH ) Schwab US REIT ETF -- 0.07% ER ( SWTSX ) Schwab Total Stock Mark...
by McGilicutty
Sun Oct 22, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for multiple sets of eyes to review
Replies: 51
Views: 5319

Re: Looking for multiple sets of eyes to review

ERs for tickers mentioned in original post obtained from Yahoo! Finance: ( FUSVX ) Fidelity 500 Index Premium -- 0.05% ER ( FHIGX ) Fidelity Municipal Income -- 0.46% ER ( FSSPX ) Fidelity Small Cap Index Investor -- 0.19% ER ( FSEVX ) Fidelity Extended Market Index Premium -- 0.07% ER ( FSITX ) Fid...
by McGilicutty
Sun Oct 22, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help! - New Believer and overwhelmed
Replies: 20
Views: 2870

Re: Help! - New Believer and overwhelmed

Here are OP's fund names and ERs. All data was obtained programmatically via Yahoo! Finance using a program that I wrote. I take no responsibility for errors. :D ( VTI ) Vanguard Total Stock Market ETF -- 0.04% ER ( VOO ) Vanguard S&P 500 ETF -- 0.04% ER ( VBR ) Vanguard Small-Cap Value ETF -- 0.07%...
by McGilicutty
Sun Oct 22, 2017 10:38 am
Forum: Investing - Theory, News & General
Topic: 100% Stocks?
Replies: 7
Views: 1092

Re: 100% Stocks?

Dang, T.bonds were killing stocks from the late 1920's to about the mid 1940's. I wonder what investors were saying on message boards back then. The bond investors were probably making fun of the stock investors wondering how they could be so foolish.
by McGilicutty
Sun Oct 22, 2017 6:19 am
Forum: Investing - Help with Personal Investments
Topic: Annual Portfolio Review, and Questions
Replies: 7
Views: 1093

Re: Annual Portfolio Review, and Questions

In regards to item (3) above, it looks like Vanguard has a no-fee, no-commission Dividend Reinvestment Plan (DRIP): https://investor.vanguard.com/investing/brokerage-dividend-reinvestment So that will likely eliminate that issue. Further, in regards to item (1) (Premium to NAV) and item (4) (bid-ask...
by McGilicutty
Sun Oct 22, 2017 2:27 am
Forum: Investing - Help with Personal Investments
Topic: Annual Portfolio Review, and Questions
Replies: 7
Views: 1093

Re: Annual Portfolio Review, and Questions

All of my Vanguard accounts are now brokerage accounts. I'm wondering if I should exchange VFSVX (Mutual Fund) for VSS (ETF), which has a much lower ER. Aside from not being able to purchase fractional shares, is there any real downside to converting? A few thoughts here: (1) According to Morningst...
by McGilicutty
Sat Oct 21, 2017 5:22 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 249
Views: 36994

Re: Does anyone here with net worths north of $1 mil use financial advisors?

What if he charges flat fee, comparable to AUM fees of 0.1% and prefers DFA funds Vanguard bond funds and bounce off things Totally new to AA That doesn't sound terrible. DFA funds have pretty much tracked their corresponding indices (See https://www.wsj.com/articles/dfa-funds-are-booming-but-that-...
by McGilicutty
Fri Oct 20, 2017 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 249
Views: 36994

Re: Does anyone here with net worths north of $1 mil use financial advisors?

What if he charges flat fee, comparable to AUM fees of 0.1% and prefers DFA funds Vanguard bond funds and bounce off things Totally new to AA That doesn't sound terrible. DFA funds have pretty much tracked their corresponding indices (See https://www.wsj.com/articles/dfa-funds-are-booming-but-that-...
by McGilicutty
Wed Oct 11, 2017 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: 100% invested, all in, no cash- how do you do it?
Replies: 42
Views: 4860

Re: 100% invested, all in, no cash- how do you do it?

I say that I'm 100% invested, but really I'm only 99% invested or so. I keep between $9,000 and $10,000 in a checking account. That's about three months living expenses.
by McGilicutty
Sun Oct 08, 2017 6:11 pm
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 8846

Re: Has your "risk tolerance" been tested?

Can't say that I've really been tested. I was just starting out during the late 90's. If I recall correctly, I ran $1,000 up to about $10,000 in a year and then lost everything but my original $1,000 in 2000-2001. No big deal in the grand scheme of things really. After that, I didn't mess with stock...
by McGilicutty
Sun Oct 08, 2017 5:47 pm
Forum: Investing - Theory, News & General
Topic: New Fiduciary Rule seems to be a big disappointment
Replies: 25
Views: 4344

Re: New Fiduciary Rule seems to be a big disappointment

So the Fiduciary Rule is just a way for Wall Street to justify their high fees (i.e., higher fees means they are looking out for investors)? Figures. Methinks that this is just the start of an assault on low-fee index funds.
by McGilicutty
Mon Oct 02, 2017 9:28 pm
Forum: Investing - Theory, News & General
Topic: The Future of Active vs Index Investing
Replies: 33
Views: 3365

Re: The Future of Active vs Index Investing

Don't index funds also have tax advantages over actively managed funds? I've never owned an actively managed fund, but my understanding is that they sometimes (most of the time?) have annual 'distributions' which are taxed even if you don't have any capital gains. With my index ETFs, I get quarterly...
by McGilicutty
Mon Oct 02, 2017 1:08 pm
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 11739

Re: Current Bull Market could last years

One of the things that concerns me is that investors seem to be turning more and more optimistic. As a stock investor, you want to see high levels of pessimism. This is counter-intuitive, but pretty much when everyone becomes optimistic, the market runs out of new buyers to propel the markets even ...
by McGilicutty
Mon Oct 02, 2017 12:58 pm
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 11739

Re: Current Bull Market could last years

I'm pretty close to 100% stocks (with a little cash from dividends that I haven't reinvested yet). With the Federal Reserve ending QE and raising rates I think bonds are a bigger risk than stocks right now. The Vanguard Total Bond ETF (BND) has a negative return over the past year and has only retu...
by McGilicutty
Mon Oct 02, 2017 9:04 am
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 11739

Re: Current Bull Market could last years

I'm pretty close to 100% stocks (with a little cash from dividends that I haven't reinvested yet). With the Federal Reserve ending QE and raising rates I think bonds are a bigger risk than stocks right now. The Vanguard Total Bond ETF (BND) has a negative return over the past year and has only retu...
by McGilicutty
Mon Oct 02, 2017 1:50 am
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 11739

Re: Current Bull Market could last years

I'm pretty close to 100% stocks (with a little cash from dividends that I haven't reinvested yet). With the Federal Reserve ending QE and raising rates I think bonds are a bigger risk than stocks right now. The Vanguard Total Bond ETF (BND) has a negative return over the past year and has only retur...
by McGilicutty
Sat Sep 30, 2017 6:03 am
Forum: Investing - Theory, News & General
Topic: Which bogleheads have a "high need to take risk"?
Replies: 51
Views: 5908

Re: Which bogleheads have a "high need to take risk"?

The problem is that people who need to take a lot of risk can't afford to do so because if the risky behavior turns out against them, the worst case is disastrous. And the notion that "in the long run, stocks always go up" may sound good, but there are a few caveats, not least that the "long run" m...
by McGilicutty
Thu Sep 28, 2017 10:57 pm
Forum: Personal Consumer Issues
Topic: Where do you get your news?
Replies: 131
Views: 11510

Re: Where do you get your news?

Reddit

DrudgeReport

Paul Krugman twitter

NakedCapitalism.com

The Onion

CNBC

MSNBC
by McGilicutty
Thu Sep 28, 2017 8:45 pm
Forum: Investing - Theory, News & General
Topic: Which bogleheads have a "high need to take risk"?
Replies: 51
Views: 5908

Re: Which bogleheads have a "high need to take risk"?

I'm guessing that even when we get to retirement these guys will continue to take on way more risk than I feel they should, but since they have and continue to be rewarded for that risk, I have no argument to use against them. Essentially, I'm probably seen as some kind of gloom and doom crackpot. ...
by McGilicutty
Thu Sep 28, 2017 7:55 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 18636

Re: Why do you LBYM? Why do you save and invest?

I live below my means because I'm wired that way. I'm not sure if I was born that way or if I became that way. My parents fought a lot over money and that caused a lot of stress for me when I was growing up so that may be one of the reasons that I LBMM -- I never want to be in a position where I'm h...