Search found 2701 matches

by heyyou
Sat Oct 21, 2017 2:26 am
Forum: Investing - Theory, News & General
Topic: Shiller: the 1987 stock market panic can happen again
Replies: 19
Views: 1648

Re: Shiller: the 1987 stock market panic can happen again

I suppose we will just have to muddle through whatever does occur next, same as last time, and the time before that one, etc. etc.
by heyyou
Thu Oct 19, 2017 9:03 pm
Forum: Investing - Theory, News & General
Topic: 30th Anniversary of October 19, 1987 stock market crash
Replies: 36
Views: 2866

Re: 30th Anniversary of October 19, 1987 stock market crash

My 401k had weekly contributions but quarterly purchases, and paper quarterly account reports that came in the mail. I didn't even know about the crash. I always arrived home long after the six o'clock news, and did not stay up for the ten o'clock version. Ignorance is bliss, sometimes.
by heyyou
Sun Oct 15, 2017 1:42 am
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 5486

Re: Blue collar (or other) roots and your path to financial independence. Steps and tips for others?

Find what your goal is, and work towards it. Early on I saw that I only needed to work until I could afford to not need a job. With a sense of having enough, enough car and enough house, I then saved most of each pay raise, maxed all retirement accounts a little early, then continued to put the payr...
by heyyou
Sat Oct 14, 2017 8:14 pm
Forum: Personal Consumer Issues
Topic: Auto Transport From Florida to Oklahoma.
Replies: 11
Views: 930

Re: Auto Transport From Florida to Oklahoma.

between transport costs and replacing all of the dried out rubber components (tires and such), you'll be into this truck for more than it is worth. I checked with the dealer and they will be waiting for the vehicle whenever it arrives. Cha-ching Consider the labor costs of replacing every flexible ...
by heyyou
Sat Oct 14, 2017 7:46 pm
Forum: Personal Consumer Issues
Topic: Anyone Ever Jackhammered a Concrete Patio?
Replies: 27
Views: 1584

Re: Anyone Ever Jackhammered a Concrete Patio?

My volunteer work includes digging pairs of 30" deep post holes for gates so we do not have the option of moving a hole if we encounter rock. At 5'8" and 155#, I prefer the mid-sized hammers (35-45#) rented from Home Depot. As mentioned by others, the hammer does the breaking as the operator is cons...
by heyyou
Sat Oct 14, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7075

Re: How long for hedonic adaptation to set in?

Whenever we dig deep enough into anything, there seems to be some risks to be found in there. Is the lesson about feeling gratitude for having enough, being the pinnacle? Is it the gratitude and not just the sense of enough?
by heyyou
Thu Oct 12, 2017 12:23 pm
Forum: Personal Consumer Issues
Topic: First visit to Hawaii (flight, Amex Plat benefits, extend stay?)
Replies: 51
Views: 3193

Re: First visit to Hawaii (flight, Amex Plat benefits, extend stay?)

The slower paced vibe of the Big island suits us. We like the flowing lava, uncrowded beaches, loco moco , and the Hilo farmers market. The "Revealed" guide books are excellent, often updated, but not many changes other than the lava activity and the mom & pop businesses. The variety of climate zone...
by heyyou
Thu Oct 12, 2017 1:26 am
Forum: Investing - Theory, News & General
Topic: DFA and the additional return achieved for advisor sales pitch
Replies: 3
Views: 553

Re: DFA and the additional return achieved for advisor sales pitch

I'm certain that this is a big sales pitch from advisers "you get me for free. If you are mainly in index funds now I can do the same thing at no additional cost to you while you get access to my knowledge, experience, etc." Any given DFA approved advisor can say and do and charge whatever they cho...
by heyyou
Wed Oct 11, 2017 11:42 pm
Forum: Investing - Theory, News & General
Topic: Buy when there's blood in the streets!
Replies: 39
Views: 6266

Re: Buy when there's blood in the streets!

You can also just continue to buy at the usual stock/bond proportions, knowing that in a recession, you are buying extra equities due to their reduced prices. There will always be someone on the internet telling you what would be more optimal than whatever you are doing. Your savings rate probably h...
by heyyou
Tue Oct 10, 2017 7:07 pm
Forum: Investing - Theory, News & General
Topic: List some positive aspects about financing retirement
Replies: 4
Views: 916

List some positive aspects about financing retirement

As an alternative to the marketing that toys with your insecurities, consider listing some positive remarks about financing retirement. Most retirees here already have a couple of decades of experience at living within their means, and that just continues in retirement. Our allocations often include...
by heyyou
Tue Oct 10, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 3928

Re: Protecting against the possibility of a correction?

My protection for the "possibility" of the inevitable next correction, is storing a decade of retirement spending in bond funds. Just to tease those who do not sleep well at night, there will be more corrections in the future, some years after the next one. Note that the worst year to retire was not...
by heyyou
Sun Oct 08, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 52
Views: 6822

Re: How big a portfolio should I have before retiring?

Michael H. McClung, author of Living Off Your Money , has some info on longer retirements (40 & 50 years) that I skipped reading due to my age. He does tinker with the standard withdrawal(WD) rate by considering retirement length, current market valuations, allocations, recent portfolio value, and r...
by heyyou
Sat Oct 07, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional for RMD's & Tax Diversification
Replies: 30
Views: 1314

Re: Roth vs. Traditional for RMD's & Tax Diversification

You could contribute 100% to Trad. 401K and put the tax savings into Roth IRA. Then, you have both: tax-deferred and Roth. The earlier they retire, the more favorable traditional; the longer they actually work, the more favorable Roth. Those are both good info. As usual, there is not a definitive a...
by heyyou
Sat Oct 07, 2017 12:07 am
Forum: Investing - Help with Personal Investments
Topic: Need for inflation protection w/SS and/or inflation-adjusted pensions?
Replies: 9
Views: 687

Re: Need for inflation protection w/SS and/or inflation-adjusted pensions?

Since retirees fear inflation, there is money to be made by those who get a commission from selling supposed solutions for it. Inflation is a risk but the insurance is expensive if buying TIPS or a commodities fund based on trading commodities futures. Our world has changed from when OPEC could dict...
by heyyou
Thu Oct 05, 2017 7:52 pm
Forum: Investing - Theory, News & General
Topic: Some Hand-Holding
Replies: 17
Views: 1215

Re: Some Hand-Holding

In retirement with a 50/50 allocation, you will have a dozen years of spending in bonds, so you would not have to sell any equity fund shares at reduced prices for many of the early years of retirement. Sequence risk is only a problem for those who spend according to their retirement day assets, wit...
by heyyou
Thu Oct 05, 2017 7:12 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Funds vs. Dimensional Funds in New IFA Index Portfolios" -- What's The Deal?
Replies: 56
Views: 7229

Re: "Vanguard Funds vs. Dimensional Funds in New IFA Index Portfolios" -- What's The Deal?

Just last year, DFSVX had a 3.7% cap gain distribution, which you would need to pay anywhere from 15% to over 30% of that in taxes (15/20 cap gains tax, CA/NY state tax, 3.8% health care tax for high earners). Not everyone has tax problems. In retirement, some of us live in low cost areas, store ou...
by heyyou
Thu Oct 05, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Comments on my DFA/IFA-100 portfolio clone
Replies: 6
Views: 586

Re: Comments on my DFA/IFA-100 portfolio clone

Thank you to the OP for taking the time to clone the IFA allocation using lower cost funds. Just to twist the tiger's tail: If an advisor is going to charge a fee that is a noticeable fraction of the long term portfolio return, said advisor should have a complicated allocation in order to impress th...
by heyyou
Mon Oct 02, 2017 9:48 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financializing Commodities
Replies: 10
Views: 1188

Re: Larry Swedroe: Financializing Commodities

Dang, the future forgot to follow the historical commodities market. How could that happen? The model collateralized commodities fund (CCF) was very carefully crafted by Gorton and Rouwenhorst at Yale. How could they be wrong about the future?
by heyyou
Wed Sep 27, 2017 9:48 pm
Forum: Investing - Theory, News & General
Topic: 4% rule and timing
Replies: 16
Views: 2310

Re: 4% rule and timing

what happens when your 4% (or whatever) SWR doubles you money over an unusually profitable decade (despite spending 4% each year) or similar? At what point do you adjust the SWR upward and make that a new starting point? Re-retire by starting over. That taken to the extreme is spending a fixed perc...
by heyyou
Sat Sep 23, 2017 12:15 am
Forum: Investing - Theory, News & General
Topic: AA if you were just starting out again
Replies: 49
Views: 3712

Re: AA if you were just starting out again

I wish that better allocating was all that I needed in my late 1970s and 1980s investing.
by heyyou
Fri Sep 22, 2017 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8246

Re: Age you retired

Retired at 55 in 2005, into the best years of my life. My various volunteer work days felt better than any day at my job. The euphoria lasted for most of a decade.
by heyyou
Fri Sep 22, 2017 4:39 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24099

Re: I won the Lottery. Need sound advice.

To be considerate, always fund your wife's retirement accounts first, every year. Long term, consider learning to live on just your paycheck, and let your wife save all of her take home pay. That might help her feel better about the saving. Start small, but try to steadily bump up the amount saved e...
by heyyou
Fri Sep 22, 2017 3:40 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24099

Re: I won the Lottery. Need sound advice.

Vanguard PAS is Personal Advisor Services at a cost of .3% per year, much less than elsewhere. Vanguard operates like a non-profit-- when they have a profit, it is spent on reducing the fees that they charge the customers next year. There are no owners or stock holders, the business owns itself. Yes...
by heyyou
Fri Sep 22, 2017 1:39 am
Forum: Investing - Theory, News & General
Topic: If you will adapt your spending, you money will last longer.
Replies: 8
Views: 1506

If you will adapt your spending, you money will last longer.

Scott Burns's message deserves repeating--the message about personal choices and their (positive) effects on portfolio longevity, less important is the message about the Monte Carlo calculated (to tenths of a percent) set of optimal spending rules from the research paper. We have some control of our...
by heyyou
Mon Sep 18, 2017 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25325

Re: Calling out the not so rich bogleheads

I delivered packages for 30 years then retired at age 55, highest annual income was less than $70K. My no-COLA pension, my SS at age 70, and 4% of my portfolio, are each near the same number. When the 401k opened at my employer in the early 1980s, one of the equity fund choices was an S&P500 fund. T...
by heyyou
Sun Sep 17, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 63
Views: 7096

Re: Physiological effects of Early Retirement in peak earning years.

It is okay keep working if work is what you prefer. The company newsletter had an article about the guy who didn't ever retire, they continued to reduce his work load until he was doing part-time, entry level work after 50+ years at the business. One alternative is to keep working until you do see t...
by heyyou
Wed Sep 13, 2017 12:13 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 24222

Re: Name something you had to have and now you regret purchasing it?

A collaterized commodities futures (CCF) fund in 2007

Equities will outgrow inflation if the investor stays the course for the long term.
by heyyou
Mon Sep 11, 2017 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees-anyone miscalculate how much was needed?
Replies: 71
Views: 9023

Re: Retirees-anyone miscalculate how much was needed?

(1) We retired when my pension credits caught up to our spending amount, so we had inadvertently been practicing living on our initial retirement budget, a pleasant surprise in retirement. (2) When saving diligently for retirement (progressively saving more most years), 25 times that spending level ...
by heyyou
Mon Sep 11, 2017 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: For those planning early retirement....
Replies: 67
Views: 8607

Re: For those planning early retirement....

Retired a dozen years ago at age 55. Early retirement became the best years of my life after a blue collar career that included having my daily productivity measured in hundredths of an hour, every day. At 55, I was patient and wiser, but still physical enough to do whatever I wanted--concrete proje...
by heyyou
Sun Sep 10, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: Recent Hurricanes Provide Good Lesson For Investors
Replies: 30
Views: 4580

Re: Recent Hurricanes Provide Good Lesson For Investors

by Random Walker » Sun Sep 10, 2017 12:25 pm I think it's really important to consider the possibility of alternative histories. Our investing decisions can't necessarily be judged on the outcomes because only one history played out. Decisions need to be evaluated based on when they were made, not ...
by heyyou
Sat Sep 09, 2017 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Reasonable to adjust 401k allocation if you have a pension?
Replies: 20
Views: 2042

Re: Reasonable to adjust 401k allocation if you have a pension?

Short answer: Consider a 75/25 stock to bond allocation instead of a 60/40. As with many other investing decisions, it depends more on you personally than on investing theory. With an all stock portfolio, how will you react when its value equal to a year's income (5-7 years of saving), falls by 50% ...
by heyyou
Sun Sep 03, 2017 11:14 pm
Forum: Personal Consumer Issues
Topic: Things to buy/repair before (early) retirement
Replies: 32
Views: 3676

Re: Things to buy/repair before (early) retirement

Things to buy/repair before (early) retirement Take care of your health, since that can be one of your most expensive future costs. Eat right, walk some everyday, look for new hobbies or a bucket list activity that makes you move your body (besides just walking into restaurants for the early bird s...
by heyyou
Sun Sep 03, 2017 10:29 pm
Forum: Investing - Theory, News & General
Topic: How much weight do you put on back-testing?
Replies: 53
Views: 3418

Re: How much weight do you put on back-testing?

Juxtaposing some of what others have mentioned about back-testing to forecast future returns, where is the risk if the future is known? Maybe we would not like what we get if the risks are gone. For the retirees here, we have seen high inflation reduced for so long, that the low inflation has become...
by heyyou
Sat Sep 02, 2017 11:40 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2618
Views: 835421

Re: What Book Are You Currently Reading? Part VI

Just finished Cities of Gold by Douglas Preston, published in 1993. It is about the author's horse ride following Coronado's route into the Southwest US, 450 years after the original trip. What John McPhee has done with geology on I-70 coast to coast, this author does similar with some Arizona histo...
by heyyou
Sat Sep 02, 2017 2:16 pm
Forum: Investing - Theory, News & General
Topic: OSWAN: Optimum Sleep Well At Night retirement plan
Replies: 37
Views: 3253

Re: OSWAN: Optimum Sleep Well At Night retirement plan

I keep 10 years worth of expenses in bonds funds and the rest in stocks or stock funds. Here is the research paper on spending from bonds first, if you can track the Greek symbols. http://www.retailinvestor.org/pdf/SpitzerSingh.pdf Michael H. McClung, in Living Off Your Money, recommends bonds-firs...
by heyyou
Sat Sep 02, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Any way to "translate" a fixed pension/annuity to an inflation adjusted one?
Replies: 23
Views: 1631

Re: Any way to "translate" a fixed pension/annuity to an inflation adjusted one?

1. Get a quote for how much it'd cost to buy an annuity with your current fixed annuity payments 2. Get a quote for how an inflation-adjusted annuity with the results from part 1 as the principle 3. Spend the result of 2, saving the difference in something. Probably TIPS. Very well said. The immedi...
by heyyou
Fri Sep 01, 2017 5:14 pm
Forum: Investing - Theory, News & General
Topic: Robert Kiyosaki - rich dad, poor dad
Replies: 45
Views: 4527

Re: Robert Kiyosaki - rich dad, poor dad

If you have the time to learn more about charlatans, read about Kiyosaki.
Read John T. Reed, who has written about Kiyosaki's claims.
Real estate transaction prices are public info.
by heyyou
Wed Aug 30, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: 8 Questions to Ask Yourself Before Retiring Abroad
Replies: 6
Views: 1206

Re: 8 Questions to Ask Yourself Before Retiring Abroad

These expats are selling their own beachfront properties in far western Panama on the Pacific side, a few hours from Boquete, but their quiz about suitability for expat living is valid, maybe even for other locations. http://www.livinginpanama.com/living-in-panama/quiz-should-i-move-to-panama/#sthas...
by heyyou
Wed Aug 30, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: Rob Arnott: Dump US stocks buy EM
Replies: 65
Views: 5674

Re: Rob Arnott: Dump US stocks buy EM

Trying to save more is another way to boost portfolio size without having to discern what the next best allocation will be.
by heyyou
Mon Aug 28, 2017 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: We are well set but........the Asset Allocation ??
Replies: 16
Views: 1953

Re: We are well set but........the Asset Allocation ??

Consider how long you can draw from your cash and bonds without needing to sell any stocks that have fallen in price. Yes, that won't feel good, but by now, you have already survived numerous stock crashes. Also, your stocks have gained so much that we should not view their current values as a perma...
by heyyou
Mon Aug 28, 2017 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Should I be maxing out my 401k AND a roth IRA?
Replies: 8
Views: 1350

Re: Should I be maxing out my 401k AND a roth IRA?

Short answer: Yes, start maxing all of your available retirement accounts. Warning: Geezer with story. I started maxing all available retirement accounts at your age, and it worked well. When you top out your 401k, you can keep contributing the same into a taxable account at the same place if your p...
by heyyou
Sat Aug 26, 2017 8:10 pm
Forum: Investing - Theory, News & General
Topic: Switching 100% to Mid-Cap Value? It consistently beats Total Stock Market with lower risk
Replies: 10
Views: 1873

Re: Switching 100% to Mid-Cap Value? It consistently beats the S&P 500 with lower risk

A search for Mel's Unloved Midcaps. Mel was a co-founder of this BH site. https://www.google.com/search?q=mel%27s+mid-caps&ie=utf-8&oe=utf-8 From the OP's linked articles (1)into the historical data it quickly became apparent that there are certain areas of the market that defy logic and offer highe...
by heyyou
Fri Aug 25, 2017 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Best Book on Roth Conversions
Replies: 27
Views: 4095

Re: Best Book on Roth Conversions

Although ignorant about the time value of my early payment of taxes on my tIRA assets, a dozen annual Roth conversions all made in the 15% tax bracket have made a noticeable reduction in my future RMDs. Note that at the top of the 15% bracket, the average rate for your entire income is 10.8% due to ...
by heyyou
Wed Aug 23, 2017 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Reduce future RMD before 70 1/2
Replies: 4
Views: 726

Re: Reduce future RMD before 70 1/2

Choose the mutual funds for Roth conversion as a modified tax loss harvest, transferring the shares with more potential long term growth. As usual, each Roth conversion seems like an inconsequential amount, but after numerous years, you can see the improvement in the reduced tIRA balance. When RMDs ...
by heyyou
Wed Aug 23, 2017 4:24 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Wait & You'll Likely Miss Out
Replies: 74
Views: 10237

Re: Larry Swedroe: Wait & You'll Likely Miss Out

So how many angels can dance on the head of pin? CAPE 10 is an attempt to forecast the future. Are we surprised at its imprecision and lack of certainty? Paul Samuelson, "The stock market has forecast nine of the last five recessions." Having purchased index shares near or at market highs throughout...
by heyyou
Thu Aug 17, 2017 8:47 pm
Forum: Investing - Theory, News & General
Topic: Market timing alert !!
Replies: 30
Views: 6317

Re: Market timing alert !!

OP: I salute your wisdom of seeing the dark humor this early in your investing era. Some benchmarks to dread: Losing a month's pay in a one day market drop. I quit checking my portfolio balance when I could have a good day at work and a bad evening after seeing a sizable loss. In a recession, losing...
by heyyou
Wed Aug 16, 2017 9:58 pm
Forum: Investing - Theory, News & General
Topic: Dumb, basic question about market-cap weighted funds?
Replies: 57
Views: 4032

Re: Dumb, basic question about market-cap weighted funds?

“Democracy is the worst form of government, except for all the others.”
― Winston S. Churchill
Cap-weighted index funds are not perfect, they are just better than active management of mutual funds.
Costs matter and cap weighting is the lowest cost way to run an index fund.
by heyyou
Wed Aug 16, 2017 9:38 pm
Forum: Investing - Theory, News & General
Topic: Why do we (passive index investors) invest at market weight?
Replies: 35
Views: 2862

Re: Why do we (passive index investors) invest at market weight?

Some use cost efficient, market weighted mutual funds of specific portions of the market, to build slice and dice portfolios. Since the 2000 Crash, I do not share the market's view of Large Growth. I'm doing what better suits me to avoid my selling out during market crashes. One does not have to acc...
by heyyou
Sun Aug 06, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: Your "at peace" moments.
Replies: 98
Views: 11548

Re: Your "at peace" moments.

Feeling grateful now for having a life that includes so many of the moments mentioned by others.
by heyyou
Sat Aug 05, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Is it stupid to consider a defined contribution cash balance pension as part of my bond allocation?
Replies: 18
Views: 1947

Re: Is it stupid to consider a defined contribution cash balance pension as part of my bond allocation?

Losing rebalancing would be a pain. I would still have 10% bonds in the rest of my portfolio, to serve as rebalancing against 90% equities. As usual, VT nailed it. The historical optimal allocations are not 100% stocks due to the advantage of rebalancing further into stocks after market crashes. Lo...