Search found 3019 matches

by heyyou
Sat Jul 14, 2018 11:26 pm
Forum: Investing - Theory, News & General
Topic: Implementing Life-Cycle Financial Planning
Replies: 5
Views: 609

Re: Implementing Life-Cycle Financial Planning

Past the end of the article, there is a link to other Joe Tomlinson articles in the archives of the magazine. Some of them are of interest, and some not.
by heyyou
Sat Jul 14, 2018 6:41 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Investing Lessons from a Top Poker Player
Replies: 4
Views: 981

Swedroe: Investing Lessons from a Top Poker Player

https://www.advisorperspectives.com/articles/2018/07/05/investing-lessons-from-a-top-poker-player A quote from the article in Advisor Perspectives: As Duke points out, once a belief becomes lodged, it becomes very difficult to dislodge. It takes on a life of its own, leading us to notice only evide...
by heyyou
Wed Jul 11, 2018 10:02 pm
Forum: Investing - Theory, News & General
Topic: Dow 40000 prediction for 2025
Replies: 44
Views: 3798

Re: Dow 40000 prediction for 2025

Dow 40000 prediction for 2025
You lost me at "prediction."
I agree with
by david1082b »
...still basic baitclick.
by heyyou
Fri Jul 06, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 341
Views: 30340

Re: What is/ was your career and would you recommend it now?

I drove a UPS package delivery van for 30 years. Not recommended for others, but it was the best I could do. From diligent saving, a frugal wife, and no kids, we retired at 55 to a tranquil life of no hurries.

[Post format fixed by admin LadyGeek]
by heyyou
Fri Jul 06, 2018 4:30 am
Forum: Investing - Theory, News & General
Topic: Morningstar: prepare for a lost decade for U.S. stocks
Replies: 198
Views: 17908

Re: Morningstar: prepare for a lost decade for U.S. stocks

from Morgan Housel:
One of my favorite ideas is that people should read more history and fewer forecasts. That’s not just true about business and investing topics, but for ourselves as well.
by heyyou
Fri Jul 06, 2018 2:44 am
Forum: Investing - Theory, News & General
Topic: Morningstar: prepare for a lost decade for U.S. stocks
Replies: 198
Views: 17908

Re: Morningstar: prepare for a lost decade for U.S. stocks

I suppose that we will just have to muddle through, same as before this forecast, and the one before it.
by heyyou
Fri Jul 06, 2018 12:13 am
Forum: Investing - Help with Personal Investments
Topic: Tax-friendlier alternatives to Vanguard Extended Market?
Replies: 22
Views: 1988

Re: Tax-friendlier alternatives to Vanguard Extended Market?

Consider using the Morningstar Xray tool to see the combined mix of the two chosen funds compared with what exposure you do want. It doesn't have to be 50/50.
by heyyou
Thu Jul 05, 2018 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Is McClung "slice and dice" worth the complication?
Replies: 42
Views: 3302

Re: Is McClung "slice and dice" worth the complication?

My question is, complexity aside, if you tend toward a "slice and dice" what do you think of essentially drastically lowering or even omitting the Large Cap category? The theory, if I am understanding it correctly, is that removing these two categories from this well-diversified portfolio results i...
by heyyou
Thu Jul 05, 2018 6:35 pm
Forum: Investing - Theory, News & General
Topic: How to simplify Prime Harvest?
Replies: 5
Views: 1413

Re: How to simplify Prime Harvest?

Late response by a year and a half, but my suggestion is using the RMD denominator (or the reciprocal percentage) for each year, on the entire portfolio value as of the end of the previous year. That raises the WD rate a little each year, and uses the most recent portfolio value which avoids overspe...
by heyyou
Thu Jul 05, 2018 2:22 pm
Forum: Investing - Theory, News & General
Topic: Anyone tilting heavy to international based on current forecasts?
Replies: 38
Views: 3921

Re: Anyone tilting heavy to international based on current forecasts?

Who knows? Who cares?
At 50/50 foreign and domestic, my returns will be good enough. I know better than for me to seek what looks like a more optimal allocation for the future.

For higher returns, try saving more.
by heyyou
Wed Jul 04, 2018 12:16 pm
Forum: Investing - Theory, News & General
Topic: If you tilt toward Small Cap Value, how much do you tilt?
Replies: 38
Views: 2564

Re: If you tilt toward Small Cap Value, how much do you tilt?

10x10, slice and dice, across the equity portfolio
by heyyou
Tue Jul 03, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 15075

Re: Retirement Destination - are you happy with your choice?

We sold the multi-story house in town, and moved to a small neighborhood a few miles from town, after we had a retirement sized house built there. Dear wife still has the same social circle, but it's now too far for me to enjoy walking to and from the grocery store. Somewhere in the Southeast, re-lo...
by heyyou
Tue Jul 03, 2018 11:44 am
Forum: Investing - Theory, News & General
Topic: Advocating to not index
Replies: 28
Views: 3361

Re: Advocating to not index

As long as there are greedy people, indexing will not overly crowd stock market behavior. So far, so good, no end in sight.

Time for the Mark Twain quote, "Reports of my demise have been greatly exaggerated."
by heyyou
Mon Jul 02, 2018 1:47 am
Forum: Investing - Theory, News & General
Topic: Emerging Markets in Bear Territory
Replies: 52
Views: 7069

Re: Emerging Markets in Bear Territory

I feel like I've been catching a falling knife with VWO. I've been throwing money at it to keep my EM % of International in line. The last couple of weeks every time it's down 1-2% I throw a few hundred bucks at it, and it keeps on sliding down 1-2% regularly. Bummer. There I was, in the 1980s buyi...
by heyyou
Sat Jun 30, 2018 12:36 am
Forum: Investing - Theory, News & General
Topic: [403b fiduciary lawsuits: MIT Yale NYU Duke Hopkins Penn Vanderbilt Emory Columbia]
Replies: 75
Views: 7824

Re: [403b fiduciary lawsuits: MIT Yale NYU Duke Hopkins Penn Vanderbilt Emory Columbia]

Be wary of some who tout institutional fund fees of a few hundredths of a percent. My 401k provider did have those low fund fees on their in-house index funds, and bragged about them, while charging a .7% admin fee that was buried in a footnote, when it was seldom published. This was in a Fortune 50...
by heyyou
Fri Jun 29, 2018 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help with emerging markets exposure
Replies: 2
Views: 300

Re: Help with emerging markets exposure

Whichever one you choose, the other will immediately do better, but that doesn't really matter. Either will serve as EM exposure over the next several decades, and that is all you need from the chosen fund. The dilemma is a good sign, of both being sufficient.
by heyyou
Fri Jun 29, 2018 12:02 pm
Forum: Investing - Theory, News & General
Topic: Emerging Markets in Bear Territory
Replies: 52
Views: 7069

Re: Emerging Markets in Bear Territory

by letsgobobby » I had no idea and don't care. by jhfenton » Meh. It's what EM does. I've been investing in EM since 1998, when we opened our Roth IRAs. You have to accept the volatility and rebalance into and out of it. Thank you. From reading this thread, I was getting the idea that I was suppose...
by heyyou
Thu Jun 28, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Feel like I'm sinking money into international
Replies: 100
Views: 10701

Re: Feel like I'm sinking money into international

Look at a chart named Callan Periodic Table. It uses colored squares to show 20 years of the relative performances of various sub-asset classes. The second link is the modified chart that shows the same squares positioned on both sides of zero which is an even better portrayal of the info. The messa...
by heyyou
Thu Jun 28, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?
Replies: 98
Views: 6100

Re: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?

OP, what do the neighbors drive if their situation is like yours? When driving with the load of feed, are you on quiet county roads, or state highways where you need to go the speed limit? Is the weather such that an open trailer is not acceptable? Is the feed in bales or sacks? There are trailers m...
by heyyou
Wed Jun 27, 2018 1:13 am
Forum: Investing - Theory, News & General
Topic: Is there a way to avoid bad companies in S&P 500?
Replies: 92
Views: 4476

Re: Is there a way to avoid bad companies in S&P 500?

<Growth Chart of S&P 500 Value vs S&P 500>
The difference looks impressive, but starting with $10K, for 24.5 years, the winner is $12.81 per week better than the other one, and that is without any compounding. Might be a good idea to choose either one, and just save as much as possible.
by heyyou
Sun Jun 24, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: So much angst
Replies: 52
Views: 5968

Re: So much angst

Patience is fullness. Consider not logging in to the the angst, instead take a walk where there are trees with birds discussing what they had for lunch, but don't eat what they did. Pretend you are one of the geezers here who has seen so much that you are inured to market fluctuations, knowing that ...
by heyyou
Sun Jun 24, 2018 2:10 pm
Forum: Investing - Theory, News & General
Topic: Is there a point of "Peak Passive" with index funds?
Replies: 12
Views: 1192

Re: Is there a point of "Peak Passive" with index funds?

There will always be risks, some are known and some will be surprises. Passive investing has enough risks that it is only better than everything else that has been tried so far.
by heyyou
Sat Jun 23, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: Portfolio Diversification, Long Before Mr. Markowitz
Replies: 37
Views: 2242

Re: Portfolio Diversification, Long Before Mr. Markowitz

With my confirmation bias, I'm glad to see the history.
by heyyou
Sat Jun 23, 2018 1:35 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 161
Views: 14671

Re: Did you celebrate when you finally hit $1m?

In retirement, we bounced near for so long, that going passed in our investment account seemed both temporary and inconsequential.
by heyyou
Fri Jun 22, 2018 4:05 pm
Forum: Investing - Theory, News & General
Topic: Revisiting Risk and Reward
Replies: 16
Views: 1265

Re: Revisiting Risk and Reward

Just my opinion: The risk of starting retirement on a future known bad year, is fully obvious prior, or by the end of the first decade of a 30 year period. The problem is less about returns, and more about people wanting financial certainty for the next 30 years, of which there just isn't any unless...
by heyyou
Fri Jun 22, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: Real Estate vs. Equity - Market Cap Weighted
Replies: 10
Views: 861

Re: Real Estate vs. Equity - Market Cap Weighted

The real estate held by publicly traded companies is part of their assets.
by heyyou
Fri Jun 22, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: What do we mean when we say "HCOL vs LCOL" location?
Replies: 34
Views: 2351

Re: What do we mean when we say "HCOL vs LCOL" location?

Someday Shiller or others, will have a ratio of income levels to cost of housing per sq. foot, so each area will have a relative COL ratio.
by heyyou
Fri Jun 22, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: [100% stock, uncomfortable with international]
Replies: 65
Views: 5566

Re: [100% stock, uncomfortable with international]

OP, do what suits you. That is best, for you. If you change your mind later, slowly add some international. About indirect international exposure from domestic companies with foreign revenues: During market crashes, those US businesses' stocks are priced in our markets, and they crash just like the ...
by heyyou
Wed Jun 20, 2018 1:29 pm
Forum: Personal Consumer Issues
Topic: [Update] Grand Canyon or other Nat'l Park in October?
Replies: 49
Views: 3199

Re: [Update] Grand Canyon or other Nat'l Park in October?

Very near Page, is Antelope Canyon where those slot canyon pictures are taken (search that name for photos). Your photos will not have the perfect light that the pro photographers patiently waited for. The two trips are booked at offices in the commercial part of the town, but the location is just b...
by heyyou
Wed Jun 20, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: Effective Number of Bets, or how many funds is enough?
Replies: 16
Views: 1211

Re: Effective Number of Bets, or how many funds is enough?

Trev H found that 4 VG funds would do as well at Merriman's suggestion of 10 funds, with either portfolio doing better than just the cap-weighted broad market funds.
by heyyou
Tue Jun 19, 2018 3:23 pm
Forum: Personal Consumer Issues
Topic: [Update] Grand Canyon or other Nat'l Park in October?
Replies: 49
Views: 3199

Re: [Update] Grand Canyon or other Nat'l Park in October?

Look into buying a national park pass, but the entrance fee is good for a week if you don't go to any other parks. As a retiree, I'm not familiar with the annual ones now. If the Park lodging doesn't have what you want, there is also significant lodging immediately outside of GC, in Tusayan. You cou...
by heyyou
Mon Jun 18, 2018 11:22 pm
Forum: Personal Consumer Issues
Topic: how to make friends in new location?
Replies: 96
Views: 8384

Re: how to make friends in new location?

In retirement, volunteering was an good filter to meet like minded people who are less self-centered than average. I would avoid some supposedly service organizations that are more for business people to meet other potential customers.
by heyyou
Mon Jun 18, 2018 5:38 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein's 8:4:5:3 ratio
Replies: 21
Views: 2781

Re: Bill Bernstein's 8:4:5:3 ratio

$1374 difference over fifteen years. 52 weeks times 15 years = 780 $1374/780 = $1.75 per week difference without the compounding Someone want to show what the weekly difference is with compounding? Just my opinion, but emphasis on the range of good enough could be better advice than the constant see...
by heyyou
Sat Jun 16, 2018 10:01 pm
Forum: Personal Consumer Issues
Topic: What are your hobbies?
Replies: 59
Views: 5376

Re: What are your hobbies?

(1) Helping Dear Wife with whatever she tells me to do, but that is okay since she is a better tightwad than I am. Everything else: Leisure Napping in a recliner Reading a book cover to cover in one day. Didn't know that was possible, prior to retirement. Exercise Helping others, just because I can,...
by heyyou
Sat Jun 16, 2018 9:24 pm
Forum: Investing - Theory, News & General
Topic: The Psychology of Money - A Blog Post
Replies: 66
Views: 9279

Re: The Psychology of Money - A Blog Post

it will select for the worst kind of potential life partner to attempt to start a relationship with you!
+1
by heyyou
Sat Jun 16, 2018 1:20 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11877

Re: Which boglehead rule do you break--and are ok with

Which boglehead rule do you break--and are ok with
Don't know and don't care. I just do what suits me.
Others are welcome to do whatever suits them.

from the internet
Dogma: a principle or set of principles laid down by an authority as incontrovertibly true.
by heyyou
Fri Jun 15, 2018 2:20 am
Forum: Investing - Help with Personal Investments
Topic: Small Cap. DFSVX. and DFSCX. (DFA Company)
Replies: 4
Views: 461

Re: Small Cap. DFSVX. and DFSCX. (DFA Company)

You can see the size and value components of any combination of funds in a Morningstar Xray 3x3 grid. Put the whole portfolio into the Xray analyzer, note the numbers, then subtract the two DFA funds. Also run the Xray of the combo of the two DFA funds. Add back various quantities of funds that are ...
by heyyou
Thu Jun 14, 2018 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Dilemma: Roth conversions vs. Taxable cap gains from Rebalancing
Replies: 2
Views: 272

Dilemma: Roth conversions vs. Taxable cap gains from Rebalancing

At age 68, two more Roth conversions look like very good long term investments. Rebalancing soon in the taxable account is both risk and return reduction (fewer shares owned) and with tax costs. Won't the stock market rebalance the equity to bond ratio sometime? With Social Security and RMDs startin...
by heyyou
Tue Jun 12, 2018 12:57 am
Forum: Personal Finance (Not Investing)
Topic: ~1 year from FIRE - Tax diversification strategy?
Replies: 25
Views: 3121

Re: ~1 year from FIRE - Tax diversification strategy?

Edited to add: It is RMD % plus annual dividends and interest, but not cap gains. Per the OP's request, below is the link to the brief that suggests using the RMD % as the retirement withdrawal rate on the entire portfolio. Be aware that the table showing the percentages is on page 7, in the Appendi...
by heyyou
Mon Jun 11, 2018 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for a prolonged bear market
Replies: 65
Views: 5600

Re: Strategy for a prolonged bear market

There may be a plan for the future, but that is beyond my control. This is what we are doing: Already living in a Low Cost area Future variable withdrawals based on each recent annual portfolio value Spend only from bonds until they run out, or until equities grow to rebalancing point, per Michael H...
by heyyou
Mon Jun 11, 2018 4:04 pm
Forum: Investing - Theory, News & General
Topic: AlphaArchitect - Commodities for the Long Run
Replies: 10
Views: 788

Re: AlphaArchitect - Commodities for the Long Run

Is anyone without commodities exposure, doing without in retirement, due only to that lack of exposure? My point is about accepting good enough, instead of greedily striving for that elusive optimal. My portfolio is just a few percent smaller due to choosing the wrong decade to put 10% into a well k...
by heyyou
Mon Jun 11, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Balancing the Burden and the Benefit of Wealth
Replies: 11
Views: 1551

Re: Balancing the Burden and the Benefit of Wealth

I bought my freedom from having to participate in paid work. I now do whatever pleases me. Others are welcome to do what suits them.
by heyyou
Mon Jun 11, 2018 3:07 pm
Forum: Investing - Theory, News & General
Topic: Multi-Asset vs. Simple Portfolio, 1970-2017
Replies: 37
Views: 3154

Re: Multi-Asset vs. Simple Portfolio, 1970-2017

With respect to those on both sides, either allocation will be just fine if the worker is good at saving. Living within your means carries into and through retirement, so you won't know what you missed if one allocation outperforms the other one for some limited period. Both of them will take turns ...
by heyyou
Mon Jun 11, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: ~1 year from FIRE - Tax diversification strategy?
Replies: 25
Views: 3121

Re: ~1 year from FIRE - Tax diversification strategy?

You have the right strategy. Consider just feeling grateful for whatever you do get converted into the Roth IRA (RIRA), instead of hoping for 100% conversion then feeling like you failed at age 70 if you are not finished. RMDs do start out low, and you can just save any income that you don't need to...
by heyyou
Sat Jun 09, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11653

Re: Are you including SS in your planning model? Are the benefits really that high?

I just wanted to save enough to retire early, and did, so maximum SS was too far away to matter.
Now I could buy a bright red convertible car to look like a silly geezer. Maybe the car is not necessary?
by heyyou
Sat Jun 09, 2018 2:30 pm
Forum: Investing - Theory, News & General
Topic: When I thought I was smarter than the market
Replies: 22
Views: 3754

Re: When I thought I was smarter than the market

Been there but did lose all my principal, so I changed to the indexing principle. That worked well enough to retire at 55. Consider where we would be without Jack Bogle, we would all be still working.
by heyyou
Sat Jun 09, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: REIT Index funds and high P/E ratios. Better to cherry pick than hold the index?
Replies: 8
Views: 781

Re: REIT Index funds and high P/E ratios. Better to cherry pick than hold the index?

Very well said by Valuethinker Btw you will often find that "cheap" REITs are cheap for very good reasons-- high financial gearing (leverage) or in unfavourable, higher risk sectors (retail!). Don't assume that you have spotted something that all those clever analysts and fund managers out there hav...
by heyyou
Thu Jun 07, 2018 6:06 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 9064

Re: Indexing will fail investors in next decade

As clickbait, that is a very successful article due to its cleverly worded hook of a title. Far too often, fear mongering is used as a tool by those who need your attention to advance their agendas. Some are delusional enough to believe their own hype. What year was the "Death of Equities" magazine ...
by heyyou
Wed Jun 06, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: FOMO (Fear Of Missing Out) and your portfolio?
Replies: 23
Views: 2402

Re: FOMO (Fear Of Missing Out) and your portfolio?

How someone else judges the complexity of my portfolio, is of no importance since my portfolio suits me. Wishing others that they find whatever suits them, regardless of my opinion of theirs.
by heyyou
Wed Jun 06, 2018 1:57 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What If Your Plan Fails?
Replies: 49
Views: 4997

Re: Larry Swedroe: What If Your Plan Fails?

When preaching to the choir, repeating a sermon is noticed, as is scare tactics for those who are already attending the services, whereas those tactics would be more suitable for non-believers. The concept of choosing a steady spending plan then rigidly following it for the next 30 consecutive years...