Bogleheads.org

abuss368

MP173 wrote: ↑Mon Mar 20, 2023 5:26 pm Tony:

Cant image leg pressing 1400#. I was gradually increasing increasing leg press and backed off about a month ago when the knee starting to have a bit of pain.

Actually I have taken a week off due to aches and pains...ready to resume tomorrow.

Great advise regarding eliminating the deadlifts.

Ed

Hold on to a chair or post. Body weight squats only. Can also try heel up on a book or board to shift to front quads. Do many reps. Never locks out at top. Stop short from locking out by an inch or so. Slow and steady. Quads will burn, heart will go, and lungs moving. If no leg pain this is good.

Forget squats, leg press, and deadlifts.

Tony

abuss368

Tony: Cant image leg pressing 1400#. I was gradually increasing increasing leg press and backed off about a month ago when the knee starting to have a bit of pain. Actually I have taken a week off due to aches and pains...ready to resume tomorrow. Great advise regarding eliminating the deadlifts. Ed Higher reps, a lot less weight, and mind to muscle are key. I trained 5-6 days a week and competed for 30 years. Tied for best bench press at my University. Now I look back and don’t know how! My kid is playing football and into it. So I am training him. His bench went from 160 for 1 rep to 200 for 3 reps in 2.5 months. To be young again! I am teaching him how I can take 15 lb dumbbells and do 15 reps of side laterals and get a pump and burn it...

abuss368

I am 67 years old and have been lifting for about 2 years with very good results...at least what my goals are. I combine with exercise bike (or street bike in warm weather). 3 days of bike, 3 days of lifting. When I need a break I take it. The result has been a loss of about 25 pounds and a restructuring of my body with increased strength. I used a simple 3/7 method. Dont see much about it, but came across it last fall. Using a load about 65% to 70% of 1x max, 3 reps are performed, rest 10 seconds, then 4 reps, rest 10 seconds, 5 reps, rest 10 seconds, 6 reps, rest 10 seconds, 7 reps, the rest 60 seconds. Add a small amount of weight...perhaps 5 pounds and repeat. Then do a 3rd set. Then move to next drill. Thus, I will do 75 reps in about...

abuss368

“A Family Man” with Gerard Butler on Tubi.

Enjoyed it!

https://en.wikipedia.org/wiki/A_Family_Man

Best.
Tony

abuss368

The “Bogleheads Live” podcast with Jon and Mike Piper!

Best.
Tony

abuss368

I would agree there is a recommended range of allocations with Vanguard.

If Vanguard deviated too far from the LifeStrategy and Target funds, I would expect that could potentially blow back and give rise to questions.

Best.
Tony

abuss368

Vanguard PAS advisors, which typically have the designation of CFP, must have discretion when building an investment portfolio that a client will be able to stay the course with in all markets. A portfolio that is best allocated for the clients timeframe, goals, and tolerance for risk.

I can not see Vanguard intentionally lowering the recommend range of international equity and bond allocations.

Best.
Tony

abuss368

cegibbs wrote: ↑Sun Dec 25, 2022 4:49 am Berkshire Hathaway is approximately 30% of our total investable assets. Shares were first purchased in 1978.

Wow! Jack Bogle has said that no investor should own individual stocks as the risks are too great.

What happens on the day Warren Buffet decides not to come into work?

Best.
Tony

abuss368

Now this is interesting!

I am curious what exactly is going on here.

Best.
Tony

abuss368

Excellent thread!

Enjoy reading about the long term commitments.

Tony

abuss368

Ed 2 wrote: ↑Thu Mar 16, 2023 7:18 pm Congrats! When me and my wife were 35 we had around 300k . Now we are in our 53’s and well over two milestones ( seven figures) and pushing the third . So, now, if you invest from now on like me without investing on headline news or getting emotional during market crashes and invest most of your portfolio in equity’s I bet by the time you 53 you will have well over 3 million . So, wish you remember my word’s, ignore the noise , stay the course and remember , there’s nothing guarantee long term that beats inflation as equity’s!

I didn’t look close. This is old thread. Anyway.

Hi Ed -

Excellent advice for ALL Bogleheads to consider and follow.

Thanks!
Tony

abuss368

I benched pressed 450 pounds in competition.

315 for 19 reps and 225 for 29 reps.

375 for 2 reps on the Seated Shoulder Press.

Those were the days!

My goal is to bench press Dave’s Gulfstream!

Best.
Tony

abuss368

Dave55 wrote: ↑Mon Mar 13, 2023 6:49 pm [Thread merged into here --admin LadyGeek]

"The Compound" hosted by Michael Batnick and Josh Brown in today's episode interviewed Samir Kaji who worked at SVB and Republic Bank. Very insightful.

https://www.youtube.com/watch?v=Q3gMXHnFBH0

Dave

Dave recommended the podcast show to me and it appears interesting.

When Dave talks, I listen.

Best.
Tony

abuss368

theplayer11 wrote: ↑Wed Mar 15, 2023 7:44 am Sorry if this has been discussed, but I opened a new brokerage account in January. Today I tried to transfer a chunk to Ally and I was getting an error that new funds could not be withdrawn. I spoke to a rep who stated
that new accounts have a 1 year lock because "Vanguard's philosophy is investing for the long term". She said they could override this "lock".
Is this a new policy? Certainly not sitting well with me.

In all my years with Vanguard, I have never heard of or experienced this. Typically when opening a new account, there is a small hold on transferring cash out of the account for a small period of time. If I recall that may be 10-30 days.

I would call Vanguard back to discuss further.

Best.
Tony

abuss368

AnnetteLouisan wrote: ↑Mon Mar 13, 2023 7:31 pm
abuss368 wrote: ↑Mon Mar 13, 2023 7:26 pm
AnnetteLouisan wrote: ↑Tue Feb 21, 2023 5:26 pm
McDougal wrote: ↑Tue Feb 21, 2023 5:22 pm Been missing JoeRetire, and his George avatar! I always glean something from his posts.
Same here. He’s mentioned being unwell - hope he’s ok.
If I heard correctly, I believe JoeRetire finally made the leap and started a Podcast show. It is available on Apple or something. He talked about it before and must have made the leap. I wish Hugh well!
Joe posted recently. He’s ok.

January 20th was the last time correct?

abuss368

AnnetteLouisan wrote: ↑Mon Mar 13, 2023 7:31 pm
abuss368 wrote: ↑Mon Mar 13, 2023 7:26 pm
AnnetteLouisan wrote: ↑Tue Feb 21, 2023 5:26 pm
McDougal wrote: ↑Tue Feb 21, 2023 5:22 pm Been missing JoeRetire, and his George avatar! I always glean something from his posts.
Same here. He’s mentioned being unwell - hope he’s ok.
If I heard correctly, I believe JoeRetire finally made the leap and started a Podcast show. It is available on Apple or something. He talked about it before and must have made the leap. I wish Hugh well!
Joe posted recently. He’s ok.

Podcast or forum?

abuss368

AnnetteLouisan wrote: ↑Tue Feb 21, 2023 5:26 pm
McDougal wrote: ↑Tue Feb 21, 2023 5:22 pm Been missing JoeRetire, and his George avatar! I always glean something from his posts.
Same here. He’s mentioned being unwell - hope he’s ok.

If I heard correctly, I believe JoeRetire finally made the leap and started a Podcast show. It is available on Apple or something. He talked about it before and must have made the leap. I wish Hugh well!

abuss368

Well, I'm 100% US with 2.5 years to go until retirement. I've been US forever, initially due to ignorance, and most recently deliberately. I'm finally 100% indexed - the two-fund portfolio. At this stage of the game, do I take the next step and add international, or just stay the course? Perhaps the diversification maybe more important during retirement as less human capital is available to make up for 10 or 15 years of underperformance. Hi Blue456 - This is a very real risk indeed. Vince (Vineviz) has provided a graph that showed an investor retiring during a long period of US underperformance. May have been the 1970’s or 1980’s. When accounting for the returns over this period and drawdown, the result was the retiree had depleted their p...

abuss368

retired@50 wrote: ↑Fri Mar 10, 2023 5:28 pm
Helping improve the financial lives of people from all walks of life is why I post in this forum. To me, it's volunteer work, via the internet.

I'm happy to have been a tiny part of your journey. Best to you.

Regards,

Hi retired@50 -

Very well said. I absolutely agree and enjoyed your post.

Cheers.
Tony

abuss368

If this post is OK with the admin, I simply want to express my gratitude to all of my fellow Bogleheads here who have so incredibly tutored me through my decision to transfer my EJ account to Vanguard and self-direct my soon to be 3-Fund portfolio. The last two weeks (with lots of encouragement and hand-holding), I have learned sooo much that I did not know and have a much higher level of confidence. FYI, I have been moving through this undertaking with my bride of 58 years as a fellow student. Should I pass before her, she will be fully aware to take over this lazy portfolio. Transfer is underway, have determined our initial allocation, have chosen the 3 funds (and MM), and now await the selling and buying. Could/nor would have made this ...

abuss368

I just finished the new book Inside Vanguard by Charles Ellis. Just thought I’d share three thoughts from the book. 1. As much as we Bogleheads look up to Jack Bogle, it’s probably good that he stepped down as Vanguard’s CEO when he did. Vanguard needed to change, and needed a new leader to drive that change (particularly by investing more in IT). 2. I now understand why the financial advisor Allan Roth recently said that of all the brokerages, he trusts Vanguard the most. (It has to do with the culture that Jack and subsequent leaders embedded in Vanguard). 3. With $8 trillion assets under management, every 1 basis point = $800 million per year that Vanguard can use to fund its operations and drive improvements. I enjoyed the book, but I ...

abuss368

What are his thoughts on the portfolio Jack Brennan discusses in his interviews and updated book “Straight Talk on Investing”?

This portfolio appears to be low cost and diversified total market stock and bond funds with high dividend funds as a compliment to increase yield and provide income.

Also Jack Brennan does not appear to be a fan of sector funds such as real estate.

Best.
Tony

abuss368

What are his thoughts on private real estate investing such as Fundrise and Grant Cardone as an alternative asset class to include with a well diversified and low cost total market index fund portfolio?

These options are typically higher fees of 1.00% or more and illiquid. Do they increase the probability of achieving Alpha?

Best.
Tony

abuss368

I posted this over in a different part of the forums, but I don't think it was the right spot for it. I was leasing a car and decided to buy it for roughly 31k. I did this through an auto loan via navy federal. Loan: 31k @ 6.34% for 72 months I am able to do 2-4 times the payment depending on the month. So the goal is to pay this off as fast as possible and never take a loan again. I had a random idea yesterday. I just recently became a warrant officer and this allows me to get the navy federal career starter loan. Which is 25k @ 2.99% for 60 months. Option 1: take the 25k career starter loan and apply that to my auto loan Option 2: just keep paying 2-4 times on my current auto loan. I put these both through calculators, but this is for pa...

abuss368

Jack Bogle has said to NEVER invest on margin!

Your question is good and your thoughts to pay it off are sound. Can you sell securities with minimal gain (and offset with losses) and pay off?

Perhaps also pay down and eventually off with cash flow.

Best.
Tony

abuss368

I posted this over in a different part of the forums, but I don't think it was the right spot for it. I was leasing a car and decided to buy it for roughly 31k. I did this through an auto loan via navy federal. Loan: 31k @ 6.34% for 72 months I am able to do 2-4 times the payment depending on the month. So the goal is to pay this off as fast as possible and never take a loan again. I had a random idea yesterday. I just recently became a warrant officer and this allows me to get the navy federal career starter loan. Which is 25k @ 2.99% for 60 months. Option 1: take the 25k career starter loan and apply that to my auto loan Option 2: just keep paying 2-4 times on my current auto loan. I put these both through calculators, but this is for pa...

abuss368

I am not sure with electric vehicles just yet. Promising? Absolutely! Fast charging and readily available network? That is the hesitancy when I talk about EV’s with most folks.

Like anything, our country will build the technology, improve it, and build the infrastructure, thus creating new jobs and a whole new industry!

Best.
Tony

abuss368

tibbitts wrote: ↑Sat Mar 04, 2023 11:30 am
abuss368 wrote: ↑Sat Mar 04, 2023 10:02 am
pizzy wrote: ↑Fri Mar 03, 2023 9:24 pm I’ve gotta ask… why 2?
This was my initial thought as well.

We have shared one transponder for two vehicles for almost 20 years without an issues. We registered both vehicles for the transponder with the online state website and it has worked well.

Best.
Tony
Yes but that would be a removable transponder. There is zero possibility I'd have the transponder in the car I needed it in when I encountered a toll, so that plan would be a complete disaster for me.

Our transponder came with some type of adhesive to attach to the windshield. We found a company online that made a small mesh sack the transponder goes ina nd hangs from the rear view mirror. That has worked well.

Best.
Tony

abuss368

“Gamer” on Hulu.

Interesting futuristic movie.

https://en.wikipedia.org/wiki/Gamer_(2009_film)

Best.
Tony

abuss368

EdNorton wrote: ↑Sat Mar 04, 2023 11:12 am
abuss368 wrote: ↑Sat Mar 04, 2023 9:46 am
bhwabeck3533 wrote: ↑Fri Mar 03, 2023 7:17 pm Without nominating Key West, I'd like to observe the Top Ten sunset locations in the Continental United States. From first-hand experience, name your top ten. I'm offering Fairhope, AL and the sunset over the Mobile Bay as a deserving entry on this list.
Siesta Key Sarasota, Florida over the Gulf of Mexico.

That combined with the white sand beaches.

An amazing and beautiful experience.

So peaceful.

Best.
Tony
Red tide is bad there now.

Hi EdNorton -

Oh geez! What is happening in Sarasota? Have you been there recently?

Best.
Tony

abuss368

Taylor Larimore wrote: ↑Fri Mar 03, 2023 9:51 am Bogleheads:

The latest edition of George Sisti's newsletter, Vectors, tells the story of how two crooks, Charles Ponzi and Bernie Madoff, managed to fool hundreds of investors into believing their story of "wealth without risk." If interested, read this:

https://oncoursefp.com/images/March%202023%20final.pdf

Best wishes.
Taylor
Jack Bogle's Words of Wisdom: "Better to know about the past than to remain ignorant of the lessons it may hold.”

Hi Taylor -

Many thanks for sharing!

Best.
Tony

abuss368

I have also considered replacing the grass with astroturf!

Best.
Tony

abuss368

pizzy wrote: ↑Fri Mar 03, 2023 9:24 pm I’ve gotta ask… why 2?

This was my initial thought as well.

We have shared one transponder for two vehicles for almost 20 years without an issues. We registered both vehicles for the transponder with the online state website and it has worked well.

Best.
Tony

abuss368

bmelikia wrote: ↑Fri Mar 03, 2023 9:47 am For those of you purchasing treasuries today. . .what duration(s) are you currently buying? And why?

-Thank you

Hi bmelikia -

Personally, I am not buying individual Treasury’s or a specific Treasury bond fund.

I am however continuing to invest in Vanguard Total Bond which includes an allocation to the Treasury bonds and market weight.

Keep investing simple.

Best.
Tony

abuss368

Ed 2 wrote: ↑Fri Mar 03, 2023 2:45 pm
bmelikia wrote: ↑Fri Mar 03, 2023 9:47 am For those of you purchasing treasuries today. . .what duration(s) are you currently buying? And why?

-Thank you
Duration for the rest of life . VTI and VXUS

Hi Ed -

Excellent advice! Both Total Stock and Total International Stock are two of the best funds an investor can own. The holding period for these funds should be “forever”!

Hope you are well.
Tony

abuss368

So here is the archetypal Boglehead car: A used 2016 Toyota Camry purchased for $20k + tax, owned for 10 years. Let’s assume its value in 2033 is $10k. That’s $1k per year in depreciation. The purchase was made in cash (because after all, “if you can’t pay cash you can’t afford it” right?), so that’s $20k that had to be taken out of the markets. A 10 year MYGA is paying 5% right now, so let’s say the cost of capital on a $20k cash purchase is $1k per year. So that’s $2k per year in ownership cost. What about maintenance and repairs? How about $400 per year? So that’s $2,400 total annual cost, ignoring taxes and insurance (more on this later). Now go to Leasehackr.com and check out the latest specials. Nissan Altimas and Nissan Pathfinders ...

abuss368

blackwhisker: My second evening job (I had a wife and three young children to feed) was teaching public speaking for 10 years in the County Public School System and the Miami Institute of Banking. I used the Dale Carnegie system although Toastmasters may be just as good. Use Google for more information about both courses. The irony : I later developed throat cancer and I can no longer speak without an electronic aid. Taylor Jack Bogle's Words of Wisdom: "If you simply don't have enough income, your top priority should be to increase your income." Hi Taylor - When I was in public accounting, I traveled to many states to give presentations on financial, tax, and healthcare. I leaned that public speaking is an art and style. The mor...

abuss368

abuss368 wrote: ↑Sat Mar 04, 2023 9:30 am “Greenland” on Hulu. On of the best action thrillers I have watch in a while.

https://en.wikipedia.org/wiki/Greenland_(film)

A sequel will be made.

Best.
Tony

abuss368

bhwabeck3533 wrote: ↑Fri Mar 03, 2023 7:17 pm Without nominating Key West, I'd like to observe the Top Ten sunset locations in the Continental United States. From first-hand experience, name your top ten. I'm offering Fairhope, AL and the sunset over the Mobile Bay as a deserving entry on this list.

Siesta Key Sarasota, Florida over the Gulf of Mexico.

That combined with the white sand beaches.

An amazing and beautiful experience.

So peaceful.

Best.
Tony

abuss368

dwickenh wrote: ↑Thu Feb 23, 2023 8:56 am
abuss368 wrote: ↑Wed Feb 22, 2023 9:27 am 35% Cryptocurrency
35% Active funds
30% Dave’s Bermuda Triangle Hedge Fund

Best
Tony
You may have just given me nightmares!!!

Best to you Tony,

Dan

Hi Dan -

A little humor!

Glad you enjoyed.
Tony

abuss368

Wiggums wrote: ↑Wed Feb 22, 2023 4:45 am We are retired and have been deploying new money to our normal asset allocation.

I see no reason to change our plan.

Slow and steady wins the race!

Best.
Tony

abuss368

chrismckay wrote: ↑Tue Feb 21, 2023 11:38 pm After a rough period, are Bonds still the "go to" for your safe % of your portfolio?

Chris

Hi Chrismckay -

I good question in this challenging interest rate environment!

For many years, I allocated 70% to stocks and 305 to bonds.

Then I considered were the future allocation at retirement. As a result, I planned to increase the bond allocation 1% - 2% a year. The result would be a smooth and seamless shift in allocation. This has worked well.

Presently, I have 65% to stock and 35% to bonds.

Best.
Tony

abuss368

“Greenland” on Hulu. On of the best action thrillers I have watch in a while.

https://en.wikipedia.org/wiki/Greenland_(film)

Best.
Tony

abuss368

HomerJ wrote: ↑Fri Mar 03, 2023 4:31 pm I outsourced it to my kids.

It's pretty much the only reason to have kids.

When they escaped grew up and moved away, I hired a guy.

This is our exact plan and it is underway!

Our son (High School) has been doing this for two years and we pay him. In the years ahead, if he moves, we will in all likelihood hire our landscaping guy.

Time is precious and at that age I would rather have freedom on the weekends.

Best.
Tony

abuss368

jebmke wrote: ↑Thu Mar 02, 2023 7:42 pm
abuss368 wrote: ↑Thu Mar 02, 2023 7:19 pm
I suspect the number files grows at a fast rate over a year correct?

Best.
Tony
12 per year

I have monthly Household statements going back to 2006 in PDFs. The total for all these files is approximately 100mb which is smaller than the first flash drive I ever bought. It takes me15-30 seconds to download the monthly statement since I am in the account in the early part of the month anyway.

Excellent points!

Appreciate that.
Tony

abuss368

Hello I know we don't know for sure if we are headed for a recession but I am trying to educate myself on what stocks to buy when the market is low. I read in a few different sources that the low might happen in 2023. I appreciate any suggestions for resources or analysts to follow to help me pick stocks. Cramer? Brown? I know in 401k you diversify with large mid and small, international, etc. Is there a strategy for diversifying stocks? One Healthcare, one biotech, one consumable, etc? Thank you for your time. This can be summarized as: “FINANCIAL PORN”! Don’t listen to the media. No one has a crystal ball that knows ahead of time. In other words, nobody knows nuttin! Own one or a few low cost and diversified index funds. Many years from ...

abuss368

I guess my bigger question is how many Bogleheads actually download (or print) and save statements? Vanguard retains 7 years online if I recall correctly. Vanguard calculates and provides cost basis information for taxable accounts. I have never noticed an error but at this stage I don’t back in a recalculate and gave up Quicken 15 years ago. Vanguard provides Form 5498 for IRAs. This is important up to age 59 1/2. After that it does not matter for Roth and Traditional (with no Basis - Non-Deductible contributions). To think I used to have binders of statements and ultimately shred them. Interested in thoughts. Best. Tony I download my monthly statements and save them to my local computer, for which I have a defined backup system. I do not...

abuss368

I guess my bigger question is how many Bogleheads actually download (or print) and save statements?

Vanguard retains 7 years online if I recall correctly.

Vanguard calculates and provides cost basis information for taxable accounts. I have never noticed an error but at this stage I don’t back in a recalculate and gave up Quicken 15 years ago.

Vanguard provides Form 5498 for IRAs. This is important up to age 59 1/2. After that it does not matter for Roth and Traditional (with no Basis - Non-Deductible contributions).

To think I used to have binders of statements and ultimately shred them.

Interested in thoughts.

Best.
Tony

abuss368

35% Cryptocurrency
35% Active funds
30% Dave’s Bermuda Triangle Hedge Fund

Best
Tony

abuss368

There are trends in the market, one of which is that sometimes Large Caps do better than Small Caps and sometimes Small Caps outperform Large Caps. These trends can last for a decade or longer. Problem is, no one rings a bell or blows a whistle to signal when it is safe to switch from Large Cap stocks to Small Cap stocks. My sense is that we are in a period where Value, Small Cap, International are outperforming Growth, Large Cap, and US. I don't know for sure, it will be a few years before we know for certain. In other words, market trends are often known only in retrospect. So yes, I think it is likely we are in a time for Small Cap outperformance as Large Cap and particularly Large Cap Growth had led the market for so long. Wouldn't bet...

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