Search found 671 matches

by bck63
Thu Nov 21, 2019 5:42 pm
Forum: Personal Investments
Topic: Considering [investing in international market]
Replies: 16
Views: 935

Re: Considering [investing in international market]

The US stock market has a lot of types of companies, and many international bourses have fewer, but there's concentration into what we call sectors. Canada and Australia, for example, are concentrated into natural resources. The UK is significantly concentrated into financial services. bourse /bo͝o...
by bck63
Wed Nov 20, 2019 6:18 pm
Forum: Investing - Theory, News & General
Topic: Wheres best place park emergency funds these days?
Replies: 47
Views: 5549

Re: Wheres best place park emergency funds these days?

80% treasury money market fund, 20% Fallen Angel High Yield Bond fund.
by bck63
Tue Nov 19, 2019 9:11 pm
Forum: Investing - Theory, News & General
Topic: Howard Marks on Negative Interest Rates in Europe and Japan
Replies: 9
Views: 1130

Re: Howard Marks on Negative Interest Rates in Europe and Japan

A fund manager's public statements are not intended to be blueprints to guide the actions of individual do-it-yourself investors. Their strategy can't be condensed into a few sound bites, and even if it could, they wouldn't give it away for free. They are intended to convince you to trust their mon...
by bck63
Tue Nov 19, 2019 2:56 pm
Forum: Investing - Theory, News & General
Topic: Howard Marks on Negative Interest Rates in Europe and Japan
Replies: 9
Views: 1130

Howard Marks on Negative Interest Rates in Europe and Japan

I heard Howard Marks make this comment regarding negative rates in Europe and Japan. He was answering a question about the risks of negative interest rates: "I believe that the phenomenon of negative rates in Europe and Japan come from the lack of economic activity. So I think that to the extent tha...
by bck63
Tue Nov 19, 2019 2:32 pm
Forum: Personal Investments
Topic: Why do you have to "beat the market"?
Replies: 97
Views: 6063

Re: Why do you have to "beat the market"?

Getting back on topic the two of you have made the most specious and flawed argument in the entire thread for "trying" to beat the market. Someone who already has a narrow window to meet their retirement goals. Are the very people who absolutely should not take excessive risks to try and boost retu...
by bck63
Mon Nov 18, 2019 4:00 pm
Forum: Personal Investments
Topic: Why am I taking so much risk?
Replies: 44
Views: 4888

Re: Why am I taking so much risk?

I am hoping to get a broad range of thoughts on the issue of risk, as it relates to my personal situation and risk tolerance. I am 56 years old, and my asset allocation is approximately 50/50. I am ten years from retirement. The closer I get to retirement, and the more I accumulate, the more anxiou...
by bck63
Mon Nov 18, 2019 3:40 pm
Forum: Personal Investments
Topic: Why do you have to "beat the market"?
Replies: 97
Views: 6063

Re: Why do you have to "beat the market"?

If you're a normal American making 50-60k a year, accepting average returns means you have to spend your entire life putting away a large portion of your salary AND wait 30-50 years until you can retire comfortably. If you could juice those returns, you could save less and retire much earlier--dras...
by bck63
Mon Nov 18, 2019 7:23 am
Forum: Personal Investments
Topic: Why do you have to "beat the market"?
Replies: 97
Views: 6063

Re: Why do you have to "beat the market"?

Getting back on topic the two of you have made the most specious and flawed argument in the entire thread for "trying" to beat the market. Someone who already has a narrow window to meet their retirement goals. Are the very people who absolutely should not take excessive risks to try and boost retu...
by bck63
Mon Nov 18, 2019 7:03 am
Forum: Personal Investments
Topic: Why am I taking so much risk?
Replies: 44
Views: 4888

Re: Why am I taking so much risk?

I am hoping to get a broad range of thoughts on the issue of risk, as it relates to my personal situation and risk tolerance. I am 56 years old, and my asset allocation is approximately 50/50. I am ten years from retirement. The closer I get to retirement, and the more I accumulate, the more anxiou...
by bck63
Mon Nov 18, 2019 6:59 am
Forum: Personal Investments
Topic: Why do you have to "beat the market"?
Replies: 97
Views: 6063

Re: Why do you have to "beat the market"?

One might consider that it is you and @NotTooDeepLearning who don't speak for Americans of average means. If you agree with him that average Americans are "playing victims" then I will just let that speak for itself. I know many more average Americans who are like the ones you describe. I actually ...
by bck63
Sun Nov 17, 2019 9:12 pm
Forum: Personal Investments
Topic: Why do you have to "beat the market"?
Replies: 97
Views: 6063

Re: Why do you have to "beat the market"?

If you're a normal American making 50-60k a year, accepting average returns means you have to spend your entire life putting away a large portion of your salary AND wait 30-50 years until you can retire comfortably. If you could juice those returns, you could save less and retire much earlier--dras...
by bck63
Sun Nov 17, 2019 9:07 pm
Forum: Personal Investments
Topic: Why do you have to "beat the market"?
Replies: 97
Views: 6063

Re: Why do you have to "beat the market"?

thelateinvestor43 wrote:
Sun Nov 17, 2019 12:45 am
I here people always trying to "beat the market" or the S&P 500. Why would I want to or need to try and beat it?
I am happy with market returns, both bond and stock. At my asset allocation. Average is good enough for me.
by bck63
Sun Nov 17, 2019 8:48 am
Forum: Personal Investments
Topic: Don't peek, but since the 2018 highs, a 60/40 portfolio is up by What Percent?
Replies: 64
Views: 6999

Re: Don't peek, but since the 2018 highs, a 60/40 portfolio is up by What Percent?

The other point of this thread is that when someone says "The market is soaring ..." or "The market is doing GREAT this year!" (*) then one should look under the hood and see whether it might be because of a special starting point. Such starting points can hide some (at least for me) interesting ps...
by bck63
Sun Nov 17, 2019 8:34 am
Forum: Personal Investments
Topic: Don't peek, but since the 2018 highs, a 60/40 portfolio is up by What Percent?
Replies: 64
Views: 6999

Re: Don't peek, but since the 2018 highs, a 60/40 portfolio is up by What Percent?

I'm not sure what the point of your post was. Are you saying 6.5% return is disappointing? Do you expect continued 34.45% stock market returns? My point was that one should rebalance into equities when the stock market is low such as on Christmas Eve 2018. Oh okay. I did that. Not Christmas Eve, bu...
by bck63
Sun Nov 17, 2019 7:03 am
Forum: Personal Investments
Topic: Don't peek, but since the 2018 highs, a 60/40 portfolio is up by What Percent?
Replies: 64
Views: 6999

Re: Don't peek, but since the 2018 highs, a 60/40 portfolio is up by What Percent?

Here's another perspective: Vanguard Total Stock Market Index fund is up 34.45% since last Christmas less than 11 months ago. Get used to that at your own peril. I'm not sure what the point of your post was. Are you saying 6.5% return is disappointing? Do you expect continued 34.45% stock market re...
by bck63
Sun Nov 17, 2019 5:38 am
Forum: Personal Investments
Topic: Don't peek, but since the 2018 highs, a 60/40 portfolio is up by What Percent?
Replies: 64
Views: 6999

Re: Don't peek, but since the 2018 highs, a 60/40 portfolio is up by What Percent?

Okay. Vanguard Total Stock Market Index has a total return of 11.50% in that ~22 month period or about 6% CAGR which I don't think anyone could legitimately describe as "soaring." Compared to what? Inflation? The amount I had last year, plus 6.5%? 6.5% is a great return! Enjoy! All a matter of pers...
by bck63
Sat Nov 16, 2019 10:01 pm
Forum: Personal Investments
Topic: Why am I taking so much risk?
Replies: 44
Views: 4888

Re: Why am I taking so much risk?

Lots of great thoughts. Thank you very much.
by bck63
Sat Nov 16, 2019 9:03 pm
Forum: Investing - Theory, News & General
Topic: Debunking Bonds in Taxable
Replies: 148
Views: 16289

Re: Debunking Bonds in Taxable

I keep an approximately equal allocation of stocks/bonds in each account type: tax-free, tax-deferred, and taxable. It seems to keep me on track better.

I remember reading Rick Ferri recommending this.
by bck63
Sat Nov 16, 2019 6:56 am
Forum: Personal Investments
Topic: Why am I taking so much risk?
Replies: 44
Views: 4888

Why am I taking so much risk?

I am hoping to get a broad range of thoughts on the issue of risk, as it relates to my personal situation and risk tolerance. I am 56 years old, and my asset allocation is approximately 50/50. I am ten years from retirement. The closer I get to retirement, and the more I accumulate, the more anxious...
by bck63
Fri Nov 15, 2019 7:46 pm
Forum: Investing - Theory, News & General
Topic: Any conservative young investors?
Replies: 79
Views: 8913

Re: Any conservative young investors?

I bet nobody is more conservative than me. :) I'm 48, so maybe not that young. My 401k is 100% money market, and taxable is 90% t-bills, checking & savings accounts. I have had a similar allocation since I was 37. i wouldn't call you a conservative investor because you aren't an investor at all. Ye...
by bck63
Tue Nov 12, 2019 3:05 pm
Forum: Investing - Theory, News & General
Topic: Debunking Bonds in Taxable
Replies: 148
Views: 16289

Re: Debunking Bonds in Taxable

At any rate, it's offensive to call someone for whom munis might make sense "not ordinary." Most of us have spent a significant portion of our life in other tax brackets. Although these days, even in the top bracket Prime MMF makes sense over the Municipal MMF. I would assume that's a temporary sit...
by bck63
Tue Nov 12, 2019 7:09 am
Forum: Investing - Theory, News & General
Topic: Debunking Bonds in Taxable
Replies: 148
Views: 16289

Re: Debunking Bonds in Taxable

I'm in the 22% federal tax bracket, 5.5% state. I hold bonds in my taxable account. I actually use a target date fund. Will likely (maybe, hopefully) pay 0% capital gains when I sell in 10-20 years. I don't mind paying taxes along the way for dividends in my tax bracket. I'm saving about 30% of my g...
by bck63
Sun Nov 10, 2019 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Going to 30/70 (Target Retirement Income Fund) at age 33?
Replies: 45
Views: 7240

Re: Going to 30/70 (Target Retirement Income Fund) at age 33?

At 30/70 I might figure about a 1% real return. At that rate you conservatively probably need to save almost a year of expenses every year unless you have an unusually large chunk saved already. A 45% savings rate or so might do. I am thinking about dialing back my AA to something closer to age in ...
by bck63
Tue Nov 05, 2019 5:48 pm
Forum: Investing - Theory, News & General
Topic: Upcoming Nov. "Bogleheads on Investing" podcast guest is Eric Balchunas
Replies: 12
Views: 1054

Re: Upcoming Nov. "Bogleheads on Investing" podcast guest is Eric Balchunas

I find each of your podcasts interesting and helpful, Rick. Thank you.
by bck63
Sun Nov 03, 2019 8:54 am
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 137
Views: 23760

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

How about if a retiree, well, just took out a little bit at a time . I think that's a good formula. Maybe a bit more in good years, and a bit less in bad years. Does it really have to be so overwhelming and complicated? I appreciate this back test, as getting a "paycheck" from a retirement portfoli...
by bck63
Sat Nov 02, 2019 10:29 pm
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 137
Views: 23760

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

How about if a retiree, well, just took out a little bit at a time. I think that's a good formula. Maybe a bit more in good years, and a bit less in bad years.

Does it really have to be so overwhelming and complicated?
by bck63
Sat Nov 02, 2019 10:24 pm
Forum: Forum Issues and Administration
Topic: Why is the forum blue?
Replies: 17
Views: 3773

Re: Why is the forum blue?

I love the blue.
by bck63
Fri Nov 01, 2019 8:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1993
Views: 208743

Re: U.S. stocks continue to soar!

Always have to remind myself how fleeting it is. I remember hitting a high (all time, at the time?) in October, 2007. I retired two months later (schedule set much earlier) at the end of December. Exciting times ahead. Yikes. Had to be a tough time ahead right after retirement. Any thoughts for pre...
by bck63
Fri Nov 01, 2019 7:16 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1993
Views: 208743

Re: U.S. stocks continue to soar!

*deep breath* Do you smell that? I love the smell of the soaring S&P 500 index in the morning...it smells like freedom. Always have to remind myself how fleeting it is. I remember hitting a high (all time, at the time?) in October, 2007. I retired two months later (schedule set much earlier) at the...
by bck63
Fri Nov 01, 2019 5:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1993
Views: 208743

Re: U.S. stocks continue to soar!

*deep breath* Do you smell that? I love the smell of the soaring S&P 500 index in the morning...it smells like freedom. Always have to remind myself how fleeting it is. I remember hitting a high (all time, at the time?) in October, 2007. I retired two months later (schedule set much earlier) at the...
by bck63
Thu Oct 31, 2019 8:09 pm
Forum: Investing - Theory, News & General
Topic: Climate change and the muni bond market
Replies: 11
Views: 1079

Re: Climate change and the muni bond market

Was just going to post this article, then saw your post. Interesting article. I think a well-diversified fund covers the issue.

As an aside, the Insights & Ideas section on the Schwab website is great, IMO. I have no funds at Schwab, but read their articles often.
by bck63
Fri Oct 25, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1210
Views: 150353

Re: Fidelity as a one stop shop

In my Fidelity brokerage that I'm using to pay bills (I only use CMA for ATM), I am using SPAXX as my core fund, which at an SEC yield of 1.55% is TEY for me of 1.66%. In that account I bought $10K face of 6-month Treasuries on 5/28 at a yield of 2.387% (TEY = 2.68%) to provide some margin for over...
by bck63
Fri Oct 25, 2019 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1210
Views: 150353

Re: Fidelity as a one stop shop

just came back from a 10 day trip to Italy, had zero issues withdrawing $ with my Fidelity CMA, no transaction fees at all and very good same day conversion rates, very pleasant experience, very glad I joined Fidelity That is great to hear. We are going to England in June and hope we have the same ...
by bck63
Fri Oct 25, 2019 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1210
Views: 150353

Re: Fidelity as a one stop shop

I just moved my taxable to Fidelity, opened Roths for DW and I, got a 2% Visa card, and have been using the CMA/brokerage for a few months now. I am extremely pleased with Fidelity; customer service via chat has been top notch. I totally agree. I have CMA and some of my taxable investments at Fidel...
by bck63
Fri Oct 25, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1210
Views: 150353

Re: Fidelity as a one stop shop

I just moved my taxable to Fidelity, opened Roths for DW and I, got a 2% Visa card, and have been using the CMA/brokerage for a few months now. I am extremely pleased with Fidelity; customer service via chat has been top notch. I totally agree. I have CMA and some of my taxable investments at Fidel...
by bck63
Fri Oct 25, 2019 4:03 am
Forum: Personal Investments
Topic: Help with a Math Question for 401k
Replies: 3
Views: 508

Re: Help with a Math Question for 401k

MathIsMyWayr wrote:
Thu Oct 24, 2019 4:21 pm
500*(1-0.22-0.055)=362.50
Yes, your take home pay will be reduced by $362.50.
Thank you.
by bck63
Thu Oct 24, 2019 3:24 pm
Forum: Personal Investments
Topic: Help with a Math Question for 401k
Replies: 3
Views: 508

Help with a Math Question for 401k

Hi all. I have a question regarding deferred comp. I'm starting a new 401k in January. Here is the question: If I put away $500 pretax, and my tax rates are 22% federal and 5.5% state, am I correct in the following?: $500 x .725 (100 -.275) = $362.50 that I will actually see my net take-home pay red...
by bck63
Mon Oct 21, 2019 7:15 am
Forum: Personal Investments
Topic: suggest 50/50 portfolio
Replies: 24
Views: 3824

Re: suggest 50/50 portfolio

For the past five years, I have been in what amounts to a 35/65 portfolio (half in VTINX-Target Income and half in VWIAX-Wellsley Income). I chose those two funds for simplicity in case I started drooling and wetting my pants so my DW could just "stay the course" and not worry about what to do. Las...
by bck63
Sun Oct 20, 2019 7:24 pm
Forum: Investing - Theory, News & General
Topic: what was vanguard like before the internet?
Replies: 74
Views: 7347

Re: what was vanguard like before the internet?

Telephones existed. No-load funds were, indeed, a little laborious because obviously no advisor would tell you about them or recommend them. You needed to learn that the Vanguard 500 Index Fund existed. Likely ways to do that were by seeing a print advertisement in a finance magazine like Kiplinger...
by bck63
Sun Oct 20, 2019 6:35 pm
Forum: Personal Investments
Topic: How do you cope with regret over selling too soon?
Replies: 72
Views: 8727

Re: How do you cope with regret over selling too soon?

renue74 wrote:
Thu Mar 16, 2017 7:41 am
• Don't buy individual stocks
• Don't watch CNBC
• Have a sound investment policy statement
• Find a hobby

Problem solved
I needed to hear this advice. Thanks.
by bck63
Sun Oct 20, 2019 5:26 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1082
Views: 121544

Re: What frugal thing did you do today?

I chose to forego tipping the waitress who served me my lunch today, for a savings of $2.76. Went right into VTSAX. My sister used to be a waiter. The cook sometimes spit on your food or serve you bread that has fallen to the floor if you are a regular non tipper lol. Not even joking... You are pay...
by bck63
Sun Oct 20, 2019 10:19 am
Forum: Personal Investments
Topic: Target Date Fund Conundrum
Replies: 16
Views: 2437

Re: Target Date Fund Conundrum

I have a question about target date investments and I'm wondering how others would or have handled this. I love target date funds. All my tax-deferred investments are in them. But here's the problem. I want to have an amount of fixed income investments (same cash, more so bonds) to draw on in retir...
by bck63
Sun Oct 20, 2019 6:47 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1082
Views: 121544

Re: What frugal thing did you do today?

I was at Barnes and Noble yesterday and was tempted to buy a daily meditation book that I already read daily online for free (the publisher puts it online free of charge).

Part of me wanted to have the physical book, but I read it every day for free already. Savings: $14.95, plus tax.
by bck63
Sun Oct 20, 2019 6:46 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1082
Views: 121544

Re: What frugal thing did you do today?

Sat on my hands while DW bought a new vehicle :happy Happy wife, happy life. :sharebeer I did prevent her from buying an extended warranty so I did my good deed for the day. I had told her several times before she/we entered that part of the sale to "just say no" to anything they offered from that ...
by bck63
Fri Oct 18, 2019 8:22 pm
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9817

Re: Retiring and Getting Over The Fear of Quitting?

SevenBridgesRoad wrote:
Fri Oct 18, 2019 1:58 pm
flyingaway wrote:
Fri Oct 18, 2019 1:46 pm
By the way, what ages are considered as middle ages?
500 AD to 1500 AD
Or, more narrowly, 1100 CE- 1453 CE. :D
by bck63
Fri Oct 18, 2019 1:24 pm
Forum: Personal Investments
Topic: Target Date Fund Conundrum
Replies: 16
Views: 2437

Re: Target Date Fund Conundrum

Thanks to everyone for their responses.
by bck63
Fri Oct 18, 2019 1:24 pm
Forum: Personal Investments
Topic: Target Date Fund Conundrum
Replies: 16
Views: 2437

Re: Target Date Fund Conundrum

In my 401(k): -The US Total Market is great and cheap -The best available Bond Fund is US only (and not broad) -The best available Int'l is Large Cap Developed Only -The TDF is diverse and good, will get me better diversity in bonds and int'l and inflation hedges, but has a higher fee I made 32% of...
by bck63
Thu Oct 17, 2019 2:18 pm
Forum: Personal Investments
Topic: Target Date Fund Conundrum
Replies: 16
Views: 2437

Target Date Fund Conundrum

I have a question about target date investments and I'm wondering how others would or have handled this. I love target date funds. All my tax-deferred investments are in them. But here's the problem. I want to have an amount of fixed income investments (same cash, more so bonds) to draw on in retire...