Search found 95 matches

by Darwin
Sat Nov 16, 2019 1:43 am
Forum: Investing - Theory, News & General
Topic: Preparing for a down market
Replies: 46
Views: 3979

Re: Preparing for a down market

OP, 1) I have 1 1/2 years of expense in my emergency fund. 2) My plan is to never rebalance below 5 years of expense in fixed income. 3) My AA is 60/40. 4) Realistically, I see money as the least of my problem if the recession lasted more than 4 years. I will move on to my plan B, C, and D way befo...
by Darwin
Sat Nov 16, 2019 1:14 am
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 72
Views: 12205

Re: New era for TSP "I" Fund?

When the I fund was on-track for rollout in 2001 there was vocal criticism and calls from congress to not establish the fund. Main criticism was that it was "un-american" for federal workers to be able to invest outside the US thru the govt retirement savings system. I'm global market cap overall t...
by Darwin
Thu Jul 04, 2019 12:37 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Changed Your Life Even If You Don’t Know Who He Was
Replies: 5
Views: 638

Re: Jack Bogle Changed Your Life Even If You Don’t Know Who He Was

"Bogle was a folk hero to investing nerds and an outspoken enemy of stock-pickers and self-serving financial advisers. But he wasn’t a household name. The biggest beneficiaries of Bogle’s invention are regular investors who might have no idea who he was." https://www.bloomberg.com/news/articles/201...
by Darwin
Sun Jun 30, 2019 10:45 pm
Forum: Investing - Theory, News & General
Topic: Simplicity (Three Fund) vs. Return (Slightly more complex):
Replies: 45
Views: 3643

Re: Simplicity (Three Fund) vs. Return (Slightly more complex):

We really don't know what the future returns of the broad-market will be, but by holding it we know precisely that our return will be the same as the dollar-weighted average of the market. People like to focus on returns, but that's probably the least of all the dimensions of investing within our c...
by Darwin
Mon Jun 17, 2019 11:59 pm
Forum: US Chapters
Topic: Too much Bogleheads.org?
Replies: 96
Views: 23186

Re: Too much Bogleheads.org?

Like a few folks have mentioned, it's a tool. Tools are meant to be used... But don't BE a tool. I like to pop in every once in a while to find the general mood of things, and sometimes I do a general internet search with "Boglehead" added to find a relevant thread to answer a question I'm mulling o...
by Darwin
Mon Jun 17, 2019 11:30 pm
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 171
Views: 15180

Re: Good or bad advice?

Bogleheads: In the 40's I had an acquaintance who was one of the founders of Polaroid and retired. He was about 60, very wealthy, and lived nearby. He had no children. My friend owned a large yacht but he spent most of his days playing golf which he loved. He told me that he had all of his investme...
by Darwin
Sun May 26, 2019 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for feedback on rough retirement calculations.
Replies: 6
Views: 778

Re: Looking for feedback on rough retirement calculations.

You're ahead of where I was at your age, and have a better grasp of investing than I did at the time (I'd just started my Roth). Granted, everyone's situation and future is unique... but good start. You're right of course that the lack of a degree is a challenge, but so is having a degree and being ...
by Darwin
Mon May 13, 2019 12:42 am
Forum: Personal Consumer Issues
Topic: The psychology of money / wealth (a reflection)
Replies: 2
Views: 1101

Re: The psychology of money / wealth (a reflection)

Thanks for posting this, I agree wholeheartedly. There are all sorts on this forum, and it's nice to hear from someone with a similar perspective and background. Incidentally, on the topic of luggage... I travel a lot for my job, and I STILL (in spite of hitting my retirement target last year) buy m...
by Darwin
Mon May 13, 2019 12:02 am
Forum: Personal Consumer Issues
Topic: What non frugal things save money?
Replies: 84
Views: 11063

Re: What non frugal things save money?

I decided to go to the bank for a wire transfer instead of doing it online. This would cost me more time and an extra $10 in fees. But I was willing to spend this to make sure I didn't make a mistake. Having an extra set of eyes was worth it to me. Making a mistake in a large wire to save $10 can c...
by Darwin
Sun May 12, 2019 11:56 pm
Forum: Personal Consumer Issues
Topic: What non frugal things save money?
Replies: 84
Views: 11063

Re: What non frugal things save money?

Using your gym membership or activities that get your body or keep yourself fit. I know there are cheaper and “free” methods but seems physically going to a gym or walking 9 holes of golf pushing my bag is at least also enjoyable to an extent. My job (climbing mountains) doesn't pay particularly we...
by Darwin
Fri Apr 19, 2019 2:07 am
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 9293

Re: This could be the biggest risk that retirees face?

Living to 100 is peanuts. We will have much longer lifespans. And by then we will long have benefited from basic income. So I wouldn't worry if I were you. If it can help you regain your sleep, as others have said, try lowering your SWR to 3% or 2%. Basic income is an idea, but not a reality so far...
by Darwin
Fri Apr 19, 2019 1:10 am
Forum: Investing - Theory, News & General
Topic: Can 401k type retirement plans provide safe retirement income? - Thaler & Milevsky
Replies: 16
Views: 3080

Re: Can 401k type retirement plans provide safe retirement income? - Thaler & Milevsky

Members of labor unions have pensions based on annual hours worked, from contributions made by their employers. Other than the funding source and the pension manager, isn't that fairly similar to 401k plans with your personal contributions, then you buying an annuity at retirement? Every 401k plan ...
by Darwin
Fri Apr 19, 2019 12:49 am
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 9293

Re: This could be the biggest risk that retirees face?

Before 401k's, there were pensions. The whole idea was that some of us might keel over at 100, others at 60, but we averaged out and didn't have to over-save with the assumption of extreme longevity. Yeah, annuities are vaguely similar, but with middlemen taking all the profit off the top. Isn't it ...
by Darwin
Mon Mar 11, 2019 3:58 am
Forum: Personal Finance (Not Investing)
Topic: Delayed gratification.
Replies: 55
Views: 6365

Re: Delayed gratification.

Hello Bogleheads. First post here. I'm curious how people deal with the emotions surrounding delayed gratification. For example, I'm a resident physician who has >$300,000 in student loans. I moonlight for extra cash to ensure I can max my Roth IRA and add a little to my 403b and wifes 401K. I bike...
by Darwin
Mon Mar 11, 2019 3:30 am
Forum: Investing - Theory, News & General
Topic: "A Couple Doesn't Agree On Financial Priorities. How Can They Resolve Their Differences."
Replies: 64
Views: 7924

Re: "A Couple Doesn't Agree On Financial Priorities. How Can They Resolve Their Differences."

I think this article overthinks marital financial bliss. My spouse makes all financial decisions. We are both happy. All accounts are joint. Same here. Indeed, we believe in the division of labor. My dear wife attends to the financial matters and I attend to philosophy, discourse, political nonsens...
by Darwin
Mon Mar 11, 2019 2:23 am
Forum: Investing - Theory, News & General
Topic: Pushing the frontier of behavioral finance
Replies: 38
Views: 3752

Re: Pushing the frontier of behavioral finance

Dear BHs Not sure if I post it in the correct section. I am currently starting my PhD (while teaching) in the area of behavioral finance. I suppose I'm speaking to an audience who are rather proficient in investment stuff. I have some questions which will help me to improve on my research. Please f...
by Darwin
Mon Mar 11, 2019 1:33 am
Forum: Investing - Theory, News & General
Topic: Larry's new book The Complete Guide to a Successful & Secure Retirement
Replies: 22
Views: 11459

Re: Larry's new book The Complete Guide to a Successful & Secure Retirement

Big Dog wrote:
Sun Mar 10, 2019 9:00 pm
just ordered. thank for the tip.
Same here. Just now reading the first chapter, seems like a good primer for the already moderately informed wanting to "fill in the corners" of their knowledge. Very timely for me, since I'm within 2-10 years of retirement.
by Darwin
Sun Feb 17, 2019 2:40 am
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 72
Views: 12205

Re: New era for TSP "I" Fund?

There are not a lot of companies with the capacity to manage asset collections of this size. If the competitive bidding process is fair, then I have no issues with Blackrock doing the job (although my heart is with Vanguard). Perhaps Fidelity would be another that could bid. In any case there is an...
by Darwin
Sun Feb 17, 2019 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Being content with your finances
Replies: 106
Views: 9113

Re: Being content with your finances

Reminds me of the Bob Marley quote, “Money is numbers and numbers never end. If it takes money to be happy, your search for happiness will never end.” I have read his estate may now be worth $130 million. Marley and money were well acquainted. Interesting, I did not know his estate was this loaded!...
by Darwin
Sun Feb 17, 2019 1:48 am
Forum: Personal Finance (Not Investing)
Topic: Being content with your finances
Replies: 106
Views: 9113

Re: Being content with your finances

So I find myself always searching how to make more and not being content with current income. How do bogleheads find satisfaction with their income. Apparently based on your dual physician income salaries of now over $1 million year, you do not find yourself content with your income level in your m...
by Darwin
Sat Feb 16, 2019 1:45 am
Forum: Investing - Theory, News & General
Topic: How does your stable-value fund stack up with G Fund?
Replies: 36
Views: 2378

Re: How does your stable-value fund stack up with G Fund?

I've wondered about this too, but it's usually misunderstood by those who respond. Since the G fund has the "free lunch" 100% guarantee, it changes the dynamics. I'm curious how much of an extra "buffer" this gives. For instance, does a 40% investment in the G-fund give you the return/risk equivale...
by Darwin
Fri Feb 15, 2019 2:47 am
Forum: Personal Finance (Not Investing)
Topic: Being content with your finances
Replies: 106
Views: 9113

Re: Being content with your finances

I agree with you that true life happiness doesn't come from competing with others, but finding satisfaction/gratefulness with what you have. But I also believe we're genetically engineered to compare ourselves with others. Finally, I'm not dumb enough to think I'm remotely near the tippy top of the...
by Darwin
Fri Feb 15, 2019 1:54 am
Forum: Investing - Theory, News & General
Topic: How does your stable-value fund stack up with G Fund?
Replies: 36
Views: 2378

Re: How does your stable-value fund stack up with G Fund?

The G Fund from the TSP is frequently mentioned in various asset-allocation discussions. So are stable-value funds. These type of funds have some general similarities. The most important feature is the guarantee of principal. In the case of the G Fund, that's backed by the Full Faith and Credit of ...
by Darwin
Fri Feb 15, 2019 1:06 am
Forum: Investing - Theory, News & General
Topic: Why I Own a Total Market Index Fund
Replies: 43
Views: 6796

Re: Why I Own a Total Market Index Fund

Makes me not want to invest in international markets because whenever I go abroad I see people taking multi hour siestas, a general lack of US class customer service, and depending where, either an overall mood of having societies best interests at heart overall maximizing profitability or total co...
by Darwin
Wed Feb 13, 2019 12:52 am
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 72
Views: 12205

Re: New era for TSP "I" Fund?

While I am glad the I Fund is going to include more of the world's stocks, I'm in no particular hurry for it to happen. Traditionally, the TSP makes changes relatively slowly and deliberately, which keeps costs very low and fad-jumping to a minimum. Works for me! I like having the option to use the...
by Darwin
Sun Feb 10, 2019 1:43 am
Forum: Personal Finance (Not Investing)
Topic: 2 years in community college, then transfer? need opinion please
Replies: 118
Views: 6394

Re: 2 years in community college, then transfer? need opinion please

Was a professor for 15 years at a 4-year state school. Saw plenty of students transfer from CC and wondered why more didn't do it. I think it is a prestige thing. Tell him to go to CC if money is the main driver. Probably not as good for your social life, but he will thank you for the advice when h...
by Darwin
Sun Feb 10, 2019 1:19 am
Forum: Investing - Theory, News & General
Topic: How "Safe" is Your Bond Fund?
Replies: 43
Views: 4484

Re: How "Safe" is Your Bond Fund?

Yeah, one must be careful. How soon people forgot about the fiasco around money market funds "breaking the buck" back in 2008. Read this for more info. Scary stuff, and why I will not invest in a money market that includes anything other than U.S. treasuries. Many people are not aware of the risks ...
by Darwin
Sun Feb 10, 2019 12:56 am
Forum: Investing - Theory, News & General
Topic: TSP Thrift Savings Plan expense ratio climbs to 0.04%
Replies: 26
Views: 3939

Re: TSP Thrift Savings Plan expense ratio climbs to 0.04%

TimeRunner wrote:
Fri Feb 01, 2019 8:54 pm
02nz wrote:
Fri Feb 01, 2019 6:57 pm
It helps that members of Congress and staff are themselves invested in TSP.
...and that the Gov borrows the G Fund money to finance gov operations for a few months whenever the debt ceiling is reached. :moneybag
Yep. A bit of an "Incompetent's slush fund".
by Darwin
Sat Feb 09, 2019 1:14 am
Forum: Personal Finance (Not Investing)
Topic: Buying house with son [and his girlfriend]
Replies: 169
Views: 10086

Re: Buying house with son

Seems like it would be a lot cheaper for you to just rent a hotel room every time you visit. Agreed but we are not looking for a cheap way out. There are those who dont want to be near their children in retirement and those that do. We are in the latter camp. We look at it as the most fulfilling th...
by Darwin
Sat Feb 09, 2019 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Buying house with son [and his girlfriend]
Replies: 169
Views: 10086

Re: Buying house with son

Seems like it would be a lot cheaper for you to just rent a hotel room every time you visit. Agreed but we are not looking for a cheap way out. There are those who dont want to be near their children in retirement and those that do. We are in the latter camp. We look at it as the most fulfilling th...
by Darwin
Fri Feb 08, 2019 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house with son [and his girlfriend]
Replies: 169
Views: 10086

Re: Buying house with son

I had a surprisingly bad experience sharing 33acres with my father, and I wouldn't do it again. He liked to control all decisions, even though we were 50/50 partners. General land-use decisions were hard (for instance, he wanted to build a dam and flood half the valley without permission from Fish a...
by Darwin
Thu Feb 07, 2019 1:40 am
Forum: Personal Consumer Issues
Topic: Carvana
Replies: 42
Views: 4434

Re: Carvana

jwhitaker wrote:
Wed Feb 06, 2019 5:26 pm
Jimmie wrote:
Wed Feb 06, 2019 4:12 pm
I hate Carvana. I tried to buy a car using the car vending machine. My car got stuck in that screw thingy and the guy behind me got TWO cars. I tried shaking the whole machine, but I wasn't strong enough.
This was actually the first time something on bogleheads made me laugh, good job.
+1
by Darwin
Thu Feb 07, 2019 1:34 am
Forum: Personal Investments
Topic: Real estate investment Cabo San Lucas Mexico- vacation home
Replies: 17
Views: 2065

Re: Real estate investment Cabo San Lucas Mexico- vacation home

A long time ago we spent three years exploring the sea of Cortez aboard a very small sailboat. We were intimately familiar with the territory between Cabo and Loreto. Eventually we sold the boat and started a business and a family. Baja remained in our hearts and when circumstances permitted we int...
by Darwin
Tue Feb 05, 2019 1:07 am
Forum: Personal Finance (Not Investing)
Topic: Building a house in rural mountains
Replies: 70
Views: 7495

Re: Building a house in rural mountains

My one comment is that I hope your lot has power to the lot. It is always tempting to buy a lot without power, hoping you can bring it in someday. That's really really expensive. Agreed, if power is required it can be really, really expensive if it isn't already there. That being said, of the three...
by Darwin
Mon Feb 04, 2019 2:37 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation Question
Replies: 7
Views: 1087

Re: Asset Allocation Question

I have a question on AA and how that should change based on how much one has saved up already. So, for example, there is a well-known rule of thumb that says that your age = % of assets in Bonds and the balance should be in Stocks ie a 30-year old should put 70% in Stocks and 30% in Bonds. How shou...
by Darwin
Mon Feb 04, 2019 2:20 am
Forum: Personal Finance (Not Investing)
Topic: How much do you need to live on 200k/ year forever?
Replies: 90
Views: 12870

Re: How much do you need to live on 200k/ year forever?

jebmke wrote:
Fri Feb 01, 2019 6:36 pm
How long is forever? Doesn't the body crap out at some point?
:D Nice one!
by Darwin
Mon Feb 04, 2019 1:51 am
Forum: Personal Finance (Not Investing)
Topic: Building a house in rural mountains
Replies: 70
Views: 7495

Re: Building a house in rural mountains

Has anyone built on a large amount of rural, mountain acreage? I found a lot I like and would build a modest home. I would need to consider things like septic, well water, electricity, barn for horses, snowcat etc etc Has anyone successfully done this from scratch? (ie empty land -> developed house...
by Darwin
Mon Feb 04, 2019 1:42 am
Forum: Personal Finance (Not Investing)
Topic: Building a house in rural mountains
Replies: 70
Views: 7495

Re: Building a house in rural mountains

Yes. I built three homes from scratch (looked at tree, fired up the chainsaw, moved in afterwards) on 33/80/160 acres in rural California. Any specific questions?
by Darwin
Sun Jan 20, 2019 1:36 am
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 128
Views: 9739

Re: What does 20% extra of portfolio allocated to equities get you?

I like to think of investments as a sail boat, with stocks being the sails and bonds the keel. You can go all sail with great performance, but you're likely to flip unexpectedly. Too much keel slows you down. Both are necessary, and depending on a person's situation and proximity to the goal our cho...
by Darwin
Thu Jan 17, 2019 1:40 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 57599

Re: John Bogle has died at age 89

All we can hope for is to be respected, loved and remembered for what we've shared. Jack made a "poor financial decision" to share his idea with us... Sometimes the numbers aren't the bottom line. So instead of ignoring his passing like so many who only thought if themselves, I have to say: Thanks, ...
by Darwin
Tue Jan 15, 2019 11:08 pm
Forum: Personal Consumer Issues
Topic: Duffel Bag vs Wheeled Stand Up traveling
Replies: 78
Views: 4485

Re: Duffel Bag vs Wheeled Stand Up traveling

I only use a duffle. Wheels or hard sides become an issue in tight situations. I can CRAM my duffle to prevent the luggage for having to be checked at the gate. Also, the flexible sides of a duffle can be handy. I travel constantly, and my gear is awkwardly shaped (hard hat, dissecting scope, snake...
by Darwin
Tue Jan 15, 2019 1:13 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 9667

Re: Getting a Mortgage when You can Pay Cash for a House

Would you borrow money to a) invest in the stock market?, b) borrow money to put the proceeds in your savings account or c) borrow money to inflate your standard of living? That is what you will be doing IF you take a mortgage on your prospective home. The next question is what hurdle rate must the...
by Darwin
Sun Jan 13, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Diagnosing Knee Problems over the Phone - Medicare
Replies: 119
Views: 5545

Re: Diagnosing Knee Problems over the Phone - Medicare

LadyGeek wrote:
Sun Jan 13, 2019 9:19 am
I removed an off-topic post containing details of a medical treatment. The reasons medical advice is not permitted in this forum:
:oops: My bad, that makes sense.
by Darwin
Sat Jan 12, 2019 12:11 am
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 10575

Re: Did you ever "win" big?

GoldStar wrote:
Fri Jan 11, 2019 3:45 pm
Bacchus01 wrote:
Fri Jan 11, 2019 9:50 am
I met my wife
Your wife was a stock pick?
I heard an NPR financial discussion years ago where they suggested that your choice of partner (and whether you stick with him/her) might be one of the biggest indicators of your future financial success. 😉
by Darwin
Thu Jan 10, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 14983

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

Just looking for the millionaires on here that did it on less than a $100k average annual household income, and what your main keys to success were? Also, if you wouldn't mind posting at what age you achieved this milestone and any other relevant facts. Thanks! It's kinda funny to read some of thes...
by Darwin
Thu Jan 10, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 14983

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

Question for the under $100k income millionaires. Do you have any regrets about missing out on some things in your younger adult years as a consequence of high savings rates? Not at all. I never had extravagant tastes or interests, so I still did what I wanted to do. I always had a surplus which I ...
by Darwin
Thu Jan 10, 2019 1:44 am
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 14983

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

Take advantage of all tax deferred ,tax free saving vehicles,Ira,Roth,401k,max if possible, Invest you must.You have to put the compounding machine to work you. The compounding machine doesn't sleep ,you do, Stick to a budget( I used and still use Quicken) Live beneath your means Do not live "up" t...
by Darwin
Tue Jan 01, 2019 3:12 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]
Replies: 153
Views: 14689

Re: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]

My take is that he is saying what he has been saying for awhile which is how much risk that you want to take along with returns reverting to means - if you have had sky high returns the last few years, they will eventually diminish since we revert to the mean at some point - the only question is wh...
by Darwin
Mon Dec 31, 2018 12:56 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]
Replies: 153
Views: 14689

Re: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]

My take is that he is saying what he has been saying for awhile which is how much risk that you want to take along with returns reverting to means - if you have had sky high returns the last few years, they will eventually diminish since we revert to the mean at some point - the only question is wh...