Search found 1526 matches

by bgf
Sat Jun 20, 2020 12:01 pm
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

AFAIC, that already heavily ties me to the health, wealth and prosperity of the rest of the world without having to deal with any geographic or country specific issues such as taxes, employment, VATs, currency fluctuations and so forth. You telling me when a US domestic company produces/sells produ...
by bgf
Sat Jun 20, 2020 11:52 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

Have you read the Intelligent Investor - Benjamin Graham? It is the foundation by which Warren Buffett bases his recommendation to the average ‘defensive’ investor. I do not wish to subject myself to unsystematic risk with a single stock. 30-60 quality stocks would mostly eliminate that risk, but t...
by bgf
Sat Jun 20, 2020 9:22 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

Cool, I wasn't talking about what they recommended; I was talking about what they actually did with their own money. With respect to Buffett especially, they are strikingly different things. If you want to be like Buffett, then buy Berkshire. It really doesn't get any simpler than that. I don’t wan...
by bgf
Sat Jun 20, 2020 7:46 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

What I said is precisely true and correct. You can make excuses and explanations all you want. They don't change reality. Also, all you have to do is buy Berkshire to invest exactly like Buffett. Its pretty easy to do. If you're going to appeal to authority by referencing one of the greatest invest...
by bgf
Sat Jun 20, 2020 7:26 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

AFAIC, that already heavily ties me to the health, wealth and prosperity of the rest of the world without having to deal with any geographic or country specific issues such as taxes, employment, VATs, currency fluctuations and so forth. You telling me when a US domestic company produces/sells produ...
by bgf
Sat Jun 20, 2020 7:16 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

Not correct on Jack Bogle What I said is precisely true and correct. You can make excuses and explanations all you want. They don't change reality. Also, all you have to do is buy Berkshire to invest exactly like Buffett. Its pretty easy to do. If you're going to appeal to authority by referencing ...
by bgf
Fri Jun 19, 2020 7:02 pm
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

With respect to Buffett, the recommendation is more nuanced and is linked to time someone is willing to (or wants to) spending picking investments. He obviously leans toward individual stocks for those willing to put in the time (including himself), and index fund for those who don't. These are int...
by bgf
Fri Jun 19, 2020 4:25 pm
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

Not correct on Jack Bogle What I said is precisely true and correct. You can make excuses and explanations all you want. They don't change reality. Also, all you have to do is buy Berkshire to invest exactly like Buffett. Its pretty easy to do. If you're going to appeal to authority by referencing ...
by bgf
Fri Jun 19, 2020 6:07 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

... Pretty sure Jack Bogle owned VTSAX (Vanguard Total Stock Market Index) and VBTLX (Vanguard Total Bond Market Index). In interviews he has definitely talked about having his grandchildren's trust 100% in VBIAX (Vanguard Balanced Index Fund - which is 60% Total Stock Market Index and 40% Total Bo...
by bgf
Thu Jun 18, 2020 8:25 pm
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

Not correct on Jack Bogle What I said is precisely true and correct. You can make excuses and explanations all you want. They don't change reality. Also, all you have to do is buy Berkshire to invest exactly like Buffett. Its pretty easy to do. If you're going to appeal to authority by referencing ...
by bgf
Thu Jun 18, 2020 8:10 pm
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

Not correct on Jack Bogle What I said is precisely true and correct. You can make excuses and explanations all you want. They don't change reality. Also, all you have to do is buy Berkshire to invest exactly like Buffett. Its pretty easy to do. If you're going to appeal to authority by referencing ...
by bgf
Thu Jun 18, 2020 5:55 pm
Forum: Personal Consumer Issues
Topic: Carvana or Vroom- ever use it?
Replies: 4
Views: 434

Re: Carvana or Vroom- ever use it?

We bought a car on carvana last year. Super easy process, and I highly recommend it.
by bgf
Thu Jun 18, 2020 4:15 pm
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

+1 for Total Stock and Total Bond. Thank you Jack Bogle and Warren Buffett. What is most important is the portfolio one can stay with in all markets. The right portfolio is the one that lets you sleep well at night and that you will stick with in all markets. This is tantamount to saying, "if a par...
by bgf
Thu Jun 18, 2020 3:28 pm
Forum: Personal Investments
Topic: Move into bonds/cash/money market before the bubble bursts?
Replies: 50
Views: 4960

Re: Move into bonds/cash/money market before the bubble bursts?

Buy a target date fund and then don't do anything but continue buying it.
by bgf
Thu Jun 18, 2020 3:27 pm
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

+1 for Total Stock and Total Bond. Thank you Jack Bogle and Warren Buffett. What is most important is the portfolio one can stay with in all markets. The right portfolio is the one that lets you sleep well at night and that you will stick with in all markets. This is tantamount to saying, "if a par...
by bgf
Wed Jun 17, 2020 6:25 am
Forum: Personal Investments
Topic: Bonds in 529?
Replies: 11
Views: 817

Re: Bonds in 529?

Your 529 portfolio should be allocated appropriately based on expectations of withdrawals. The same should be said for your retirement portfolio. These are likely very different. For one, you'll probably continue working after your children graduate college. For another, college only lasts four year...
by bgf
Wed Jun 17, 2020 6:20 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

I am really conflicted about international. Many are. I'm not because I've focused not on picking investments but (hopefully) doing things that limit my own behavioral mistakes. I think given the ease and low cost of passive, diversified investing, the shift over the next 10 years will be to a focu...
by bgf
Tue Jun 16, 2020 8:57 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

A strategy can be objectively better than another even if the outcome had lower returns. You, and many others, continually confuse outcome with strategy. A person who puts it all on red in vegas and wins still did not make the objectively correct strategy. It really shows you how alluring past perf...
by bgf
Tue Jun 16, 2020 7:25 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

I do. I've held US investments with varying tilts toward big tech and aerospace/defense for 30+ years - and, I've occasionally compared them. Since this thread is about 'ditching international', it seems reasonable to evaluate 'what might have been' had one invested one way or another. As I think a...
by bgf
Tue Jun 16, 2020 7:24 am
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

Not only does Vanguard have a track record of ALWAYS recommending, pushing or selling international, both as part of the PAS and in their reports, research and other tools, but they also have a track record of poor forecasting of how international would perform relative to US. In their 2010 forecas...
by bgf
Mon Jun 15, 2020 9:14 pm
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

Not only does Vanguard have a track record of ALWAYS recommending, pushing or selling international, both as part of the PAS and in their reports, research and other tools, but they also have a track record of poor forecasting of how international would perform relative to US. In their 2010 forecas...
by bgf
Mon Jun 15, 2020 9:11 pm
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

Jack Bogle would not approve of an investor not staying the course. He would approve of a modest 32% international allocation if that was one's chosen course years ago. Indeed. That the OP is proposing an action that violates three different principles of the "Bogleheads® investment philosophy" wit...
by bgf
Sun Jun 14, 2020 7:34 pm
Forum: Personal Investments
Topic: Ditching International
Replies: 274
Views: 15991

Re: Ditching International

What will you do if VTIAX outperforms VTSAX for many years to come? Switch back? :oops: What you're doing is called recency bias and performance chasing. There are other popular/prominent members here that do the same but they won't admit it. You'll most likely get approval and a pat on the back fr...
by bgf
Sun Jun 14, 2020 10:50 am
Forum: Investing - Theory, News & General
Topic: The “Abandon Bonds” strategy
Replies: 259
Views: 27460

Re: The “Abandon Bonds” strategy

Bonds aren't generating any inflation-adjusted income right now either. Neither are towels, apples, belts, or steering wheels. What's your point? My point is that there's no reasonable expectation for bonds to return more than gold (or towels, apples, belts, or steering wheels) over the next decade...
by bgf
Sun Jun 14, 2020 6:34 am
Forum: Investing - Theory, News & General
Topic: The “Abandon Bonds” strategy
Replies: 259
Views: 27460

Re: The “Abandon Bonds” strategy

Gold has intrinsic value as well; it's used in many industrial applications. The bottom line is that both have an expected real return of zero. Yes, gold has historically been very volatile, but that has not been the primary argument laid against it on this forum in the past. That's not the bottom ...
by bgf
Sat Jun 13, 2020 10:01 am
Forum: Personal Consumer Issues
Topic: Really hard to avoid "Keeping up with the Joneses"!
Replies: 313
Views: 32382

Re: Have you ever kept up with the Jones’?

Yes, sometimes. I think these threads often devolve into a competition of frugality. There should be a phrase for that too - keeping up with the super frugal Smiths? Husband and I are both professionals. We have a high savings rate and did our best to recession-proof our jobs when we entered the jo...
by bgf
Sat Jun 13, 2020 9:46 am
Forum: Investing - Theory, News & General
Topic: Incredible Returns
Replies: 67
Views: 6181

Re: Incredible Returns

How many years has this colleague been showing you his success? Unless it is a decade or so, it is meaningless. Even then, he may lose it all someday if he/she keeps doing it. Started showing me his returns sometime around early 2019. We finished 2019 with his returns maybe a couple of percent abov...
by bgf
Sat Jun 13, 2020 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Lawyer Fees in 2020- edited
Replies: 21
Views: 2384

Re: Lawyer Fees in 2020- edited

New Providence wrote: Fri Jun 12, 2020 8:45 pm Maybe get a law student for half of the price?
Might as well ask the kid who mows your lawn to do it...
by bgf
Wed Jun 10, 2020 6:47 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 448
Views: 25877

Re: What fun car should I get in the $150k - $200k range?

The Audi RS6 Avant is finally coming to the US. Run with the supercars on your way to get bagels, have space to bring more bagels home. https://cnet4.cbsistatic.com/img/6hIB3Oh1aHJZck3duRvjVL-D-Yo=/980x551/2019/11/25/2ba5689d-11fc-4ae5-be9c-f9731789e08c/2020-audi-rs6-avant-025.jpg This is what I wo...
by bgf
Wed Jun 10, 2020 3:25 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 448
Views: 25877

Re: What fun car should I get in the $150k - $200k range?

The Audi RS6 Avant is finally coming to the US. Run with the supercars on your way to get bagels, have space to bring more bagels home. https://cnet4.cbsistatic.com/img/6hIB3Oh1aHJZck3duRvjVL-D-Yo=/980x551/2019/11/25/2ba5689d-11fc-4ae5-be9c-f9731789e08c/2020-audi-rs6-avant-025.jpg This is what I wo...
by bgf
Tue Jun 09, 2020 6:52 am
Forum: Personal Consumer Issues
Topic: Looking at buying house with in-ground pool. What questions should we ask?
Replies: 62
Views: 3897

Re: Looking at buying house with in-ground pool. What questions should we ask?

The pool systems themselves are pretty simple and with a little research (like links provided by others) are easy to understand. You can change almost everything yourself when something fails with just basic plumbing & electric skills. Of course you can add complexity like variable-speed pumps, hea...
by bgf
Mon Jun 08, 2020 11:45 am
Forum: Personal Investments
Topic: Target Date worth it?
Replies: 21
Views: 2141

Re: Target Date worth it?

Current allocation is 65/35 and Im really challenged by it. My value portion is about 15 % of the portfolio so there is not an exact match for a target date fund. If you must have a SCV tilt, try this: 85% Vanguard Target Retirement 2025 Fund (VTTVX) 15% Vanguard Small-Cap Value Index Fund (VSIAX) ...
by bgf
Mon Jun 08, 2020 10:13 am
Forum: Personal Consumer Issues
Topic: Looking at buying house with in-ground pool. What questions should we ask?
Replies: 62
Views: 3897

Re: Looking at buying house with in-ground pool. What questions should we ask?

Btw, ours is a salt water pool. It is such a relief not to smell the chlorine; i understand that chlorine is generated from the salt, but it doesn’t smell and the water feels great on the skin. I also much prefer salt water pools, but this chlorine smell that all people hate is a function of chlora...
by bgf
Mon Jun 08, 2020 10:10 am
Forum: Personal Consumer Issues
Topic: Looking at buying house with in-ground pool. What questions should we ask?
Replies: 62
Views: 3897

Re: Looking at buying house with in-ground pool. What questions should we ask?

Our house has a small in ground pool, 11000 gallons, with saltwater chlorine generator. The first couple years I was very frustrated and wanted to fill it in. Now that I've learned much more about pool maintenance (again please read up on troublefreepools), I'm glad we have it. With the heat where w...
by bgf
Sun Jun 07, 2020 8:31 pm
Forum: Investing - Theory, News & General
Topic: Wall Street bets international stocks will top US equities in 2020 after a decade-long slump
Replies: 189
Views: 16562

Re: Wall Street bets international stocks will top US equities in 2020 after a decade-long slump

Honestly I don’t know and I don’t care. Jack Bogle has always said maybe International stocks are cheap for a reason. As I’ve said before: if you go to a dollar store, there’s a reason the spatula on the wall is priced as it is. Please elaborate! It costs the store 46 cents...and is of garbage qual...
by bgf
Sun Jun 07, 2020 2:57 pm
Forum: Investing - Theory, News & General
Topic: Dr. Ed Yardeni is my June podcast guest on "Bogleheads on Investing"
Replies: 21
Views: 3274

Re: Dr. Ed Yardeni is my June podcast guest on "Bogleheads on Investing"

great pod! Just picked up Mr. Yardeni's ebook Fed Watching for Fun & Profit for $1.99 on Kindle.
by bgf
Sun Jun 07, 2020 11:14 am
Forum: Personal Investments
Topic: (Sort Of) Unexpected Outcome from Risky Maneuver
Replies: 12
Views: 1059

Re: (Sort Of) Unexpected Outcome from Risky Maneuver

If you sell now and go back to indexing, you can't do worse than the market. Your outperformance is locked in.

If you let it ride... you can do far worse.

You took advantage of a special situation, has it changed?
by bgf
Sun Jun 07, 2020 6:17 am
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 448
Views: 25877

Re: What fun car should I get in the $150k - $200k range?

Isn't anybody going to inquire about the important milestones the OP referenced? It is here for those interested.... https://www.bogleheads.org/forum/viewtopic.php?f=2&t=314143&p=5237213#p5237213 Wait, am i understanding that the OP is propposing a 150K car because they hit a $3 million portfolio? ...
by bgf
Sat Jun 06, 2020 3:32 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 448
Views: 25877

Re: What fun car should I get in the $150k - $200k range?

Whatever makes you the happiest. This purchase isn't about money its about passion and smiles. Buy whatever does it for you.
by bgf
Sat Jun 06, 2020 9:57 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3165
Views: 548103

Re: What are you up YTD? [Year To Date]

portfolio still down a bit for the year, but net worth and portfolio hit all time highs on friday...

Go figure.
by bgf
Sat Jun 06, 2020 9:53 am
Forum: Investing - Theory, News & General
Topic: Anyone not bother with Tax Loss Harvesting?
Replies: 116
Views: 7463

Re: Anyone not bother with Tax Loss Harvesting?

Priority right now is $8k per beneficiary in 529 to get full state tax deduction at 5.75%. We're halfway there already. Then pay off the last few thousand on a used car loan at 3.7% (very happy with carvana by the way). Then I guess just invest in equities in taxable or save for more immediate need...
by bgf
Sat Jun 06, 2020 9:36 am
Forum: Investing - Theory, News & General
Topic: Anyone not bother with Tax Loss Harvesting?
Replies: 116
Views: 7463

Re: Anyone not bother with Tax Loss Harvesting?

Gotcha. That cleared up my mental block. While there was uncertainty, the taxable sells earlier let you accelerate the tax-advantaged contributions. Correct. So if things are fortunate enough that by Dec 31 you earned the funds to have made those contributions without selling in taxable, what do yo...
by bgf
Sat Jun 06, 2020 7:12 am
Forum: Investing - Theory, News & General
Topic: Appropriate allocation for mid-to-late forties
Replies: 17
Views: 1225

Re: Appropriate allocation for mid-to-late thirties

Ok let me reword that. What is the general recommended allocation for someone in their mid to late thirties with high risk tolerance? you'll find that there is a wide range of 'boglehead accepted' allocations at your age, but it depends on lots of factors. it could be anywhere from 100% equities to...
by bgf
Sat Jun 06, 2020 7:01 am
Forum: Investing - Theory, News & General
Topic: Anyone not bother with Tax Loss Harvesting?
Replies: 116
Views: 7463

Re: Anyone not bother with Tax Loss Harvesting?

I'm only ever that excited about TLH when the proceeds can be transferred to a tax benefited account. Otherwise, you're just delaying taxes (which is still nice) but not avoiding them. If you aren't maxing out your tax-advantaged accounts, it is almost always worth selling in your taxable account, ...
by bgf
Sat Jun 06, 2020 6:56 am
Forum: Investing - Theory, News & General
Topic: Anyone not bother with Tax Loss Harvesting?
Replies: 116
Views: 7463

Re: Anyone not bother with Tax Loss Harvesting?

I'm only ever that excited about TLH when the proceeds can be transferred to a tax benefited account. Otherwise, you're just delaying taxes (which is still nice) but not avoiding them. Even in this thread it was shown how taxes are avoided and not delayed, so why did you write that? I guess because...
by bgf
Fri Jun 05, 2020 9:22 pm
Forum: Investing - Theory, News & General
Topic: Anyone not bother with Tax Loss Harvesting?
Replies: 116
Views: 7463

Re: Anyone not bother with Tax Loss Harvesting?

I'm only ever that excited about TLH when the proceeds can be transferred to a tax benefited account. Otherwise, you're just delaying taxes (which is still nice) but not avoiding them. Even in this thread it was shown how taxes are avoided and not delayed, so why did you write that? I guess because...
by bgf
Fri Jun 05, 2020 7:03 pm
Forum: Investing - Theory, News & General
Topic: Anyone not bother with Tax Loss Harvesting?
Replies: 116
Views: 7463

Re: Anyone not bother with Tax Loss Harvesting?

I'm only ever that excited about TLH when the proceeds can be transferred to a tax benefited account. Otherwise, you're just delaying taxes (which is still nice) but not avoiding them.
by bgf
Thu Jun 04, 2020 9:18 am
Forum: Personal Finance (Not Investing)
Topic: 529 Plan Strategy
Replies: 30
Views: 2156

Re: 529 Plan Strategy

We had 529 plans for our children and our college expenses for them are behind us. We didn't start contributing to 529 plans until they got to junior high. Things worked out rather well. Unless you have a state deduction, the benefit is a lot more limited if you wait until the kids are older as you...
by bgf
Wed Jun 03, 2020 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Plan Strategy
Replies: 30
Views: 2156

Re: 529 Plan Strategy

Way too many posts worrying about overfunding a 529. I think that the risk is overrated. There's a crisis of kids graduating with massive college debt...there's no crisis of graduating with too much money in the bank. Yes, sure, there may be one or two people here who ended up with more money that ...
by bgf
Sun May 31, 2020 6:16 am
Forum: Investing - Theory, News & General
Topic: Will this decade play out like the 1960s?
Replies: 7
Views: 1503

Re: Will this decade play out like the 1960s?

Feels like we’re reliving the 60s. A space launch, racial tensions, a Wallace like candidate/president, threat of communism. Market seems to have done pretty well in the 60s until the 70s came along. That’s just from my ignorant perspective. I realize that there is a lot more with the gold standard...