Search found 2620 matches

by heyyou
Fri Jun 23, 2017 5:28 pm
Forum: Investing - Theory, News & General
Topic: "10 Reasons Why Advisers Struggle To Keep Client Portfolios Simple"
Replies: 24
Views: 3033

Re: "10 Reasons Why Advisers Struggle To Keep Client Portfolios Simple"

from the BH Wiki:
Confirmation bias
A tendency to seek information that confirms one’s existing opinions and overlook or ignore information that refutes them.
by heyyou
Fri Jun 23, 2017 2:01 pm
Forum: Investing - Theory, News & General
Topic: Ultimate Buy and Hold - 8 slices vs 4
Replies: 708
Views: 290666

Re: Ultimate Buy and Hold - 8 slices vs 4

Returns for each slice will vary widely over time. That randomness will dilute our striving for precision in our allocation percentages and funds. We just do what we can. Who knows, perhaps our forced choices due to our account locations and sizes, will do better than the precisely allocated ones? S...
by heyyou
Tue Jun 20, 2017 10:42 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Persistent Returns Remain Elusive
Replies: 15
Views: 2358

Re: Larry Swedroe: Persistent Returns Remain Elusive

The percentage differences that are being discussed are not centered on zero. The passive investor would still get an average return, just not as much as the better(luckier) active funds, same as now. Our world does not end if the active average exceeds the passive average.
by heyyou
Mon Jun 19, 2017 12:56 am
Forum: Investing - Help with Personal Investments
Topic: A slice and dice question
Replies: 9
Views: 961

Re: A slice and dice question

If one of the 9 squares on your M* Xray is 10% off target for a few years, I doubt that is going to change the longevity of your portfolio. To me, that flexibility is a feature, not a problem. Trev H's Ultimate Buy and Hold (UB&H) is a four fund slice and dice (equal sized VG domestic LB and SmV...
by heyyou
Sun Jun 18, 2017 8:18 pm
Forum: Personal Consumer Issues
Topic: Poaching chicken
Replies: 49
Views: 3515

Re: Poaching chicken

Buy the boneless chicken breasts to make it easy on the salad person. What is the problem with covering all of the breasts with water during the cooking? Does it dilute the flavor? Often the cook would be re-using the flavored water, perhaps without time to boil it down to a smaller quantity, but th...
by heyyou
Sun Jun 18, 2017 12:36 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Portfolio Tilts
Replies: 82
Views: 5315

Re: Your Favorite Portfolio Tilts

In retirement, my equity portfolio has equal slices. I'm trying to tilt away from the cap weighted exposure of Large Growth stocks. Having not forgotten the 2000 Crash, I'm allocated to what suits me. Others are welcome to do whatever suits them. With my confirmation bias, I prefer authors who tell ...
by heyyou
Sat Jun 17, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Annuities/Fixed Value instead of bonds as fixed income
Replies: 9
Views: 886

Re: Annuities/Fixed Value instead of bonds as fixed income

My 401k had very low, institutional fund fees of .05 to .07%, and those fees were often mentioned in the quarterly newsletter from the provider. The admin fee was 10x more at .7% on all assets, and that was always buried in a footnote, published once every few years. That is what I would expect from...
by heyyou
Fri Jun 16, 2017 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: AA with a pension
Replies: 15
Views: 1582

Re: AA with a pension

Not recommending this, but I considered my pension credits as my fixed income allocation during my early-mid work years. You know to not sell out during a crash, which is the purpose of owning bonds for those without pensions. As usual, your allocation should be tailored to your acceptable level of ...
by heyyou
Fri Jun 16, 2017 5:08 pm
Forum: Investing - Theory, News & General
Topic: What growth rate for your projection calcs?
Replies: 31
Views: 2496

Re: What growth rate for your projection calcs?

projection calcs? We don't need no "projection calcs." I just saved all I could, progressively more for most of three decades, until I had enough. Enough to not need work income and enough of the BS at work. The silver lining is the desired 25+ multiples of your spending is less on retire...
by heyyou
Fri Jun 16, 2017 4:22 pm
Forum: Investing - Theory, News & General
Topic: Anyone else gotten totally bored with investing?
Replies: 88
Views: 7107

Re: Anyone else gotten totally bored with investing?

I too have become a passive, passive investor.
by heyyou
Tue Jun 13, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11827

Re: Who takes financial chances and why is this forum so financially conservative?

Who needs conservative? After buying my first house, just less than a year later, I was laid off for six weeks. A few years later, I made quick money with a $9000 investment in a limited partnership, so I boosted my investment (all my recent inheritance) to $50K in the next one. That LP failed in th...
by heyyou
Tue Jun 13, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!
Replies: 75
Views: 5280

Re: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!

There is always a crash coming, then possibly a recovery, then another crash and recovery. You specifically should reduce your equity exposure since you are concerned about a crash reducing the current value of your portfolio. The geezers here have seen enough crashes that they are familiar with the...
by heyyou
Mon Jun 12, 2017 9:42 pm
Forum: Investing - Theory, News & General
Topic: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]
Replies: 370
Views: 49718

Re: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]

I expect the complex methods to become more familiar as I repeat the usage, similar to Roth conversions. If and when one WD method seems too complex, I'm changing to the age-based RMD percentage applied to the entire recent portfolio value. It is likely to be less optimal but still just fine in the ...
by heyyou
Mon Jun 12, 2017 4:53 pm
Forum: Investing - Theory, News & General
Topic: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]
Replies: 370
Views: 49718

Re: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]

Variable income sounds bad, but McClung suggests having enough steady income for most or all necessary expenses, so the variable income is intended for just your discretionary spending. The deficiencies/risks of Bengen's SWR are continuing real WDs regardless of remaining portfolio value, and WDing ...
by heyyou
Mon Jun 12, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Which assets to use for Roth Conversion
Replies: 5
Views: 452

Re: Which assets to use for Roth Conversion

James Lange is one expert on Roth conversions, what does he say on the topic?
by heyyou
Wed Jun 07, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Discouraged by Starting Late
Replies: 21
Views: 3435

Re: Discouraged by Starting Late

Try to save more by spending less. Can you live on what you make on a bad year, then spend the same on good years, so you are saving all of the extra? If so, 25x your spending at retirement will be a much smaller number than 25x your income. If you start now with expecting to move when you retire, i...
by heyyou
Wed Jun 07, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones, American Funds, Fiduciary Rule changes
Replies: 23
Views: 1524

Re: Edward Jones, American Funds, Fiduciary Rule changes

you could do a share class conversion if you move your shares in kind As mentioned, it may cost less to transfer the shares, instead of selling them, then transferring the money. Yes, outfits like EJ will charge account closing fees. Seems greedy but that is how they have been all along while manag...
by heyyou
Wed Jun 07, 2017 10:26 am
Forum: Investing - Theory, News & General
Topic: Has Forbes really discovered the next Warren Buffett? I'm skeptical.
Replies: 20
Views: 2744

Re: Has Forbes really discovered the next Warren Buffett? I'm skeptical.

Long ago, Forbes Sr. said that he had made more money selling magazines with stock tips, than he ever made with his early access to those tips.
by heyyou
Mon Jun 05, 2017 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Received inheritance, feel paralyzed as to what to do next
Replies: 16
Views: 2085

Re: Received inheritance, feel paralyzed as to what to do next

My former tax guy connected me with a smaller but high cost investment outfit. He got a good commission for doing so. When you have less, you are not as attractive to the sharks, but you are now, even to those who haven't tried to bite you in the past. Risk and reward are priced together, so anyone ...
by heyyou
Mon Jun 05, 2017 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Timing of Fed Estimated Tax Payments
Replies: 9
Views: 819

Re: Timing of Fed Estimated Tax Payments

This is just my elementary knowledge, I expect those more knowledgeable to correct any of my misinformation. Paying taxes quarterly is for those who don't know about how the IRS views your withholding(WH) tax sent directly from any financial institution. If your bank/brokerage sends any amount of yo...
by heyyou
Mon Jun 05, 2017 1:37 pm
Forum: Personal Consumer Issues
Topic: Favorite Thriller Authors and Why
Replies: 54
Views: 5685

Re: Favorite Thriller Authors and Why

linuxology » Mon Jun 05, 2017 10:21 am Vince Flynn was a fantastic thriller author. I enjoyed his work. Just discovered him, and I'm surprised that I like him better than Lee Childs. Jack Reacher stories read like weekly chapters of a TV drama with a theme that builds, while Vince Flynn books read ...
by heyyou
Sun Jun 04, 2017 2:35 pm
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 242
Views: 24656

Re: Where to Live on $60K or Less a Year?

Consider where altitude and latitude combine favorably in the foothills for suitable weather, at some distance from the urban amenities. Your less expensive, small community lifestyle and daily recreation should be nearby, but your large airport can be an hour and half away due to infrequent use, an...
by heyyou
Sat Jun 03, 2017 9:57 pm
Forum: Investing - Theory, News & General
Topic: Murphy's Law Of Retirement
Replies: 33
Views: 5167

Re: Murphy's Law Of Retirement

Notice how doom and gloom get your attention, including boosting the sale of books or number of website hits. It has been five decades since the 1966 retiree quit working. The 1968 retiree had similar troubles, but the 1967 retiree didn't. Try to plan in advance for that! In a way, many people did, ...
by heyyou
Sat Jun 03, 2017 11:56 am
Forum: Personal Consumer Issues
Topic: Book - The New Retirementality
Replies: 26
Views: 3346

Re: Book - The New Retirementality

In retirement, most of the volunteers that I meet are nicer than many of my former work acquaintances. To make my point, consider how many of your former coworkers would be the helpful ones here at BHs. ROFL Also try a few new experiences. My favorite volunteer work is beyond what I had ever imagine...
by heyyou
Thu Jun 01, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: Battery replaced on Prius hybrid car
Replies: 14
Views: 1923

Re: Battery replaced on Prius hybrid car

What did the Toyota dealer say it would cost to replace the battery? The Toy dealer is an hour and half away in the big city. We didn't even consider calling there. To us, that would be like going to Edward Jones or Merrill Lynch for investment services. Our local guy ordered the replacement batter...
by heyyou
Wed May 31, 2017 8:07 pm
Forum: Investing - Theory, News & General
Topic: Interesting article on using RMDs as portfolio drawdown in retirement
Replies: 7
Views: 1041

Re: Interesting article on using RMDs as portfolio drawdown in retirement

From 2012 http://crr.bc.edu/wp-content/uploads/2012/10/IB_12-19-508.pdf Of course bobcat2 posted it here at BHs https://www.bogleheads.org/forum/viewtopic.php?f=10&t=104851&hilit=rmd There are levels of background here: Longevity is what actuaries work with. RMDs are based on longevity. Sun ...
by heyyou
Wed May 31, 2017 7:29 pm
Forum: Personal Consumer Issues
Topic: Battery replaced on Prius hybrid car
Replies: 14
Views: 1923

Re: Battery replaced on Prius hybrid car

Many of the warning lights were on, including the one that indicates a problem with the hybrid battery, and the triangular one with the exclamation point that says to go to the Toyota dealer. Confusingly, when the screen was set to energy consumption showing the arrows to the electromotor and the ro...
by heyyou
Wed May 31, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Help me determine a savings percentage..
Replies: 19
Views: 1512

Re: Help me determine a savings percentage..

Precision is always desired, but there is very little of it in personal finance. Save all you can now while the kids are young. They do not know the difference between a sandy beach in Texas or one in Hawaii, except that Hawaii's has more status with peers and other parents. You do not know how soon...
by heyyou
Wed May 31, 2017 6:15 pm
Forum: Personal Consumer Issues
Topic: Battery replaced on Prius hybrid car
Replies: 14
Views: 1923

Battery replaced on Prius hybrid car

We just had the first battery replaced on our 2006 Toyota Prius with 146,800 miles on it, at a local, not chain, car repair shop. The entire cost was $2965. The car was in the shop overnight. That is a datum on hybrid car battery longevity. I believe there have been two upgrades on Prius batteries s...
by heyyou
Tue May 30, 2017 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: 3-fund vs Vanguard 4-fund portfolio?
Replies: 25
Views: 2306

Re: 3-fund vs Vanguard 4-fund portfolio?

Either portfolio will be good enough. We live in a perverse world. Whichever path you choose, the other one will immediately outperform, but that has little long term consequence since your savings rate matters more. Costs matter but the lowest cost may be near to the next lowest one. Broad diversif...
by heyyou
Tue May 30, 2017 12:25 am
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 59
Views: 6696

Re: Avoiding Taxes with RMD

This is just my opinion, please correct any misinformation. On withdrawal forms for traditional IRAs (RMDs are just mandatory tIRA WDs), you are asked how much withholding(WH) tax to send to the IRS. The IRS thinks that all WH payments sent for us, by our financial institutions, are sent within the ...
by heyyou
Mon May 29, 2017 12:27 pm
Forum: Investing - Theory, News & General
Topic: DON'T pay off your mortgage; instead reduce Sequence of Return Risk
Replies: 206
Views: 15302

Re: DON'T pay off your mortgage; instead reduce Sequence of Return Risk

Sequence risk is only a problem for those retirees who insist on continuing with inflation boosted WDs based on high markets, during extended low markets with high inflation. With the specifics of the blog muted, isn't the message that extra savings buffer sequence risk, and the blog has a suggestio...
by heyyou
Sat May 27, 2017 6:52 pm
Forum: Investing - Theory, News & General
Topic: DFA Retirement Income Strategies
Replies: 78
Views: 7680

Re: DFA Retirement Income Strategies

IMO a more learnable skill is expenses reduction for the same level of happiness & many folks here use this in retirement. That is the winner, and should be what is emphasized for the public. Since there is little money there for the financial institutions, they will fund research that has bett...
by heyyou
Wed May 24, 2017 7:31 pm
Forum: Investing - Theory, News & General
Topic: The dot com "do over" bull market?
Replies: 82
Views: 7934

Re: The dot com "do over" bull market?

I'm sure that I do not know about future prices in the stock market. I'm a passive, passive investor.
by heyyou
Sun May 21, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Investing FOR Retirement vs Investing IN Retirement
Replies: 25
Views: 2479

Re: Investing FOR Retirement vs Investing IN Retirement

Michael McClung's Living Off your Money suggests some retirement spending paths that are noticeably different than when working and saving. Spending only from bonds is a big one, selling stocks only when they are above 110 or 120% real from retirement day value. Choosing to spend a calculated percen...
by heyyou
Sat May 20, 2017 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: House Deed Covenant Enforceability
Replies: 43
Views: 3346

Re: House Deed Covenant Enforceability

I apologize for the bluntness. I doubt that this will be their last financial problem, it is just the current one. Thus borrowing against their only asset for this year's problem, is not a good long term plan.
by heyyou
Thu May 18, 2017 7:38 pm
Forum: Personal Consumer Issues
Topic: Rice Cooker
Replies: 41
Views: 3348

Re: Rice Cooker

It is one of those "can't go back after trying it" tools, because it works so well at making better rice.
by heyyou
Mon May 15, 2017 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 7336

Re: How Old Habits Can Sabotage Retirement

For younger retirees, here are some strategies for reducing future taxes: https://www.kitces.com/blog/tax-efficient-retirement-withdrawal-strategies-to-fund-retirement-spending-needs/ For those wondering about the size of the RMDs for portfolio longevity: http://crr.bc.edu/wp-content/uploads/2012/10...
by heyyou
Sun May 14, 2017 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 226
Views: 34404

Re: Regret early retirement/downsizing

Does anyone regret retiring early or downsizing? After retiring at 55, the next decade was the best years of my life. My experience has been that volunteers are not as selfish as my former coworkers, competing in the corporate world. Aren't most of the posters here, less self-centered than many of ...
by heyyou
Sat May 13, 2017 1:55 pm
Forum: Investing - Theory, News & General
Topic: Praise for Roth IRA conversions in retirement, a bonus for early retirees
Replies: 11
Views: 2002

Re: Praise for Roth IRA conversions in retirement, a bonus for early retirees

There is no general rule that Roth IRA conversions are a smart Boglehead thing to do. Agreed. As the OP, I apologize if I gave that impression. I have been pleased with my conversions, but others should do what best suits their retirement income situations. Luckily, my pension was nearer median nat...
by heyyou
Sat May 13, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: I'm hoping I didn't quit too soon
Replies: 8
Views: 2641

Re: I'm hoping I didn't quit too soon

Currently have Four 401K's from previous employers with Fidelity If you haven't already, roll them into one traditional IRA (tIRA) at Fidelity or Vanguard for cost savings and for the simplicity of managing what is within them. While DW is still working, max out her and his annual Roth IRAs (RIRA),...
by heyyou
Fri May 12, 2017 10:24 pm
Forum: Investing - Theory, News & General
Topic: Praise for Roth IRA conversions in retirement, a bonus for early retirees
Replies: 11
Views: 2002

Praise for Roth IRA conversions in retirement, a bonus for early retirees

Humble brag: A decade of Roth conversions has made a big dent in my tIRA/future RMDs. The conversion amount seemed inconsequential to the size of the tIRA each year, except for the noticeable extra tax, but the long term effect has been remunerative. Now the extra tax is forgotten, and the tIRA is d...
by heyyou
Fri May 12, 2017 9:45 pm
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 33
Views: 3005

Re: Retirees, what is your marginal tax rate?

Married, retired in 2005 at age 55, delaying SS to age 70 in 2020, living in a low cost of living area. We convert tIRA to RIRA to the top of the 15% bracket each year, where the effective rate is 10.8%. Marginal rate matters when you are buying bonds, but 10.8% income tax suits me just fine. Can't ...
by heyyou
Wed May 10, 2017 2:03 pm
Forum: Investing - Theory, News & General
Topic: Kiplinger vs. Vanguard
Replies: 12
Views: 2327

Re: Kiplinger vs. Vanguard

Forbes, Sr. said he made more money selling magazines with stock tips, than he ever made with his early access to that info. As with other media, Kiplinger needs attractive articles to keep its subscribers so the "best of" lists are good for the business but not necessarily the best invest...
by heyyou
Wed May 10, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Most Common Financial Mistakes
Replies: 108
Views: 14070

Re: Most Common Financial Mistakes

The lists with the specific items are great. The big picture is greed, our greed for more of something right now, instead of the patience for living within our means during decades of saving and compounding. From a very early behavioral psychologist: "The fault, dear Brutus, is not in our stars...
by heyyou
Wed May 10, 2017 12:14 pm
Forum: Investing - Theory, News & General
Topic: Downside Risk Protection
Replies: 6
Views: 909

Re: Downside Risk Protection

Quite often, the specific future will be just enough different from the past, that it won't quite fit a fund designed for the average historical model. Over the long term, the steady fees and costs may compound enough to be more than what the temporary market losses would have been. Note who is char...
by heyyou
Tue May 09, 2017 4:52 pm
Forum: Personal Consumer Issues
Topic: Best salads
Replies: 46
Views: 4042

Re: Best salads

All ingredients are diced. The bagged baby spinach and kale mixture is the base. Additions include arugula, bell pepper, canned low sodium corn, crock pot cooked and chilled carrots or parsnips, canned three bean salad, canned beets, red cabbage, broccoli, crushed flavored snack crackers like Triscu...
by heyyou
Sun Apr 23, 2017 2:26 am
Forum: Investing - Theory, News & General
Topic: What's Wrong With AQR? (Managed Futures)
Replies: 66
Views: 5510

Re: What's Wrong With AQR? (Managed Futures)

Barely on topic: An alternative to wanting investments that perform better during poor markets, is expecting to adapt your retirement spending to your recent portfolio value. If most of your necessary expenses are covered by steady income streams (SS, annuities, pension, bond ladders), variable with...
by heyyou
Sat Apr 15, 2017 3:43 pm
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 121
Views: 6942

Re: Is there any reason a buy-and-hold investor would buy gold?

The best investments for you, are whatever will help you stay the course during the inevitable stock market crashes. Gold suits some for that reason, but not everyone, since gold does not do well most of the time. Taylor would say "There are many roads to Dublin." My experience with gold i...
by heyyou
Tue Apr 11, 2017 6:38 pm
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 12775

Re: You can never go "home" - retirement

Paraphrasing Philip Sheridan, if I owned my home town and Hades, I would rent out the town and live in Hades.

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