Search found 2430 matches

by sschullo
Tue May 21, 2019 8:28 am
Forum: Investing - Theory, News & General
Topic: Actual Experience as true measure of risk tolerance
Replies: 68
Views: 4607

Re: Actual Experience as true measure of risk tolerance

People can easily sit comfortably in a financial adviser's office and comfortably say they are comfortable with a 60%, 70% equity allocation and are cool if their portfolio declines 20-30% or more. Then Mr. Bear hits and these same people panic. Some may use it as a lesson and awareness of their "tr...
by sschullo
Sun May 19, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14111

Re: FIRE - What am I missing in the News Stories

I just love the FI and the FIRE movement. It is the 21st-century version of the counter culture movement. My generation also rejected the materialistic world back in the 60s and 70s, but something changed in the 1980s with the borrow and spend! I think it started with the brilliant Mr. Money Mustach...
by sschullo
Sun May 19, 2019 2:09 pm
Forum: Personal Investments
Topic: why buy any bonds in your portfolio?
Replies: 24
Views: 3041

Re: why buy any bonds in your portfolio?

I buy bonds for the same reason you have money in a CD account. It is the fixed account allocation to split with the equity allocation that anybody over 50 and who needs the money for retirement. If one is leaving everything to charity or descendants, you don't need either a bond or cd, just 100% eq...
by sschullo
Sat May 18, 2019 8:55 am
Forum: Investing - Theory, News & General
Topic: Reporter doing story on new indexes
Replies: 13
Views: 1331

Re: Reporter doing story on new indexes

My strategy is simple. I buy the products of socially responsible companies (Tesla and Nissan Leaf, Real Goods for solar) and compost kitchen refuse in my garden. I buy the stock in these companies via the total stock market index. Save a bundle in energy costs year after year and reduce the cost of...
by sschullo
Mon Apr 29, 2019 11:53 am
Forum: Personal Consumer Issues
Topic: EXTREMELY frugal things from our parents and grandparents
Replies: 110
Views: 9305

Re: EXTREMELY frugal things from our parents and grandparents

GerryL wrote:
Mon Apr 29, 2019 11:45 am
BradJ wrote:
Mon Apr 29, 2019 6:25 am
Where we live, your sewer rate is based on your usage during the fall months. I have heard of people not flushing at the desired rate during that time for a cheaper rate.
"If it's yellow, let it mellow. If it's brown, flush it down."
Oh yeah! the 70s during the energy crisis.
by sschullo
Mon Apr 29, 2019 8:39 am
Forum: Personal Consumer Issues
Topic: EXTREMELY frugal things from our parents and grandparents
Replies: 110
Views: 9305

Re: EXTREMELY frugal things from our paernets and grandparents

Grandparents never had cell phones. :D My grandparents never had electricity. In 1938, 9 years before I was born, my parents installed electricity for the house, pump shed and the barn on our small family dairy farm in northern Wisconsin. In the 1940s, my dad bought his first electric starter tract...
by sschullo
Sat Apr 27, 2019 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Is this too much house and am I getting away from my financial goal?
Replies: 13
Views: 1570

Re: Is this too much house and am I getting away from my financial goal?

Ok, you have been debt free for a while (you did not say how long). So the question is how will you feel going back into debt vs. being debt free now. If you have just recently achieved debt freedom which is a tremendous achievement, I would hold off and continue feeling how great it is versus sitti...
by sschullo
Fri Apr 19, 2019 8:23 am
Forum: Personal Finance (Not Investing)
Topic: When did you start spending more and saving less?
Replies: 77
Views: 5056

Re: When did you start spending more and saving less?

Like others stated, When we retired. I agree as I have been retired for 11 years and I cannot spend down my portfolio. I save nothing and spend every dime from my investments and pension on the new love of my life, my book writing projects, taxes for a civilization that I enjoy, house upgrades, wor...
by sschullo
Wed Apr 03, 2019 7:18 pm
Forum: Personal Investments
Topic: 457b questions
Replies: 6
Views: 591

Re: 457b questions

No, you cannot transfer without a triggering event.
Here is a previous discussion on your question: viewtopic.php?t=59384
by sschullo
Thu Mar 28, 2019 8:59 pm
Forum: Personal Consumer Issues
Topic: Cost of ownership of buying Model 3
Replies: 55
Views: 4257

Re: Cost of ownership of buying Model 3 vs keeping my M235i.

I took it to my local service center where the people have known me for four years... Why have the service center employees become so familiar with you over the last four years? Have there been numerous opportunities to see and talk to you during that time? If so, why? Because I chat with them when...
by sschullo
Tue Mar 05, 2019 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: K-12 Financial Literacy
Replies: 19
Views: 1232

Re: K-12 Financial Literacy

Go no further than Tim Ranzetta of Next Gen Personal Finance: https://www.ngpf.org/
by sschullo
Fri Mar 01, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: When were you convinced that you had more than enough money?
Replies: 117
Views: 11587

Re: When were you convinced that you had more than enough money?

When it comes to investing and money, uncertainty never completely goes away even those unfortunate folks who won the lottery and lost it all within a few years. We live in uncertain times, create a portfolio that will address most of it, but be fully conscious of the simple fact that our investing ...
by sschullo
Sun Feb 24, 2019 11:43 am
Forum: Personal Investments
Topic: Is last December`s drop a bear market?
Replies: 26
Views: 2035

Re: Is last December`s drop a bear market?

It's a great question. Here are my 2 cents which have been repeated here ad Infinitum for decades: The only thing that the minus Q4 2018 returns prove is that we don't know when Mr. Bear comes, how long he stays, and we don't know when Mr. Bull will return. NEVER! You can call it whatever, correcti...
by sschullo
Sun Feb 24, 2019 11:31 am
Forum: Personal Investments
Topic: Is last December`s drop a bear market?
Replies: 26
Views: 2035

Re: Is last December`s drop a bear market?

It's a great question. Here are my 2 cents which have been repeated here ad Infinitum for decades: The only thing that the minus Q4 2018 returns prove is that we don't know when Mr. Bear comes, how long he stays, and we don't know when Mr. Bull will return. NEVER! You can call it whatever, correctio...
by sschullo
Sun Feb 17, 2019 4:17 pm
Forum: Personal Investments
Topic: Security benefits: nea directinvest issues
Replies: 7
Views: 571

Re: Security benefits: nea directinvest issues

This particular story has a happy ending. But how many more thread discussions here and 403bwise.com will it take persistent people like the OP to just find and save in a low-cost retirement plan and using the 403(b)? It is insane in the real world! The 403b should be just another tax-deferred retir...
by sschullo
Wed Feb 06, 2019 10:51 am
Forum: Personal Consumer Issues
Topic: What do you blame for unhappiness in retirement?
Replies: 53
Views: 3843

Re: What do you blame for unhappiness in retirement?

No matter what age, I am unhappy when I think about poor little me. I am happy I think about others and do things for the benefit of others. "If you want friends, be a friend," unknown author.
It's pretty simple.
by sschullo
Wed Feb 06, 2019 8:44 am
Forum: Investing - Theory, News & General
Topic: If you are old, why bother with rebalancing!!?
Replies: 114
Views: 7885

Re: If you are old, why bother with rebalancing!!?

Its part of being prudent, IMO. It's the one strategy that will get me to act like Buffett, who just about everybody in the world adores, especially the active management crowd, and that's to sell high and buy low! I rebalance more so than ever because I AM OLD! What is the matter with keeping my eq...
by sschullo
Mon Feb 04, 2019 8:17 pm
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 112
Views: 17970

Re: Mr. Money Mustache donates $100k to charity, writes about effective altruism

I find some of the responses here staggering. The lord knows I do not relinquish control of my money easily, but it amazes me when people denigrate people who do. I'm never going to look down on someone who gives, whether altruistically or because they expect some social credit for doing so, and I ...
by sschullo
Thu Jan 31, 2019 5:24 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2338
Views: 417116

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

2.8%

30/70 portfolio
by sschullo
Mon Jan 21, 2019 6:48 pm
Forum: Investing - Theory, News & General
Topic: The NY Times calls us a cult but in a good way
Replies: 62
Views: 7674

Re: The NY Times calls us a cult but in a good way

Most of us old timers have read comments for decades using the description. Some absolutely avoid this forum because of that one word. Who cares? I don't. I just keep on keeping costs low, diversifying, avoiding individual stocks, have a bond allocation appropriate for my age and risk tolerance, bei...
by sschullo
Sun Jan 20, 2019 3:22 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle's Obituary From The Family
Replies: 48
Views: 15622

Re: Jack Bogle's Obituary From The Family

Bryn Mawr Presbyterian Church has updated their website to accommodate all the people who want to give on line in memory of Jack. You can give directly through their website here: https://public.serviceu.com/PaymentForm/25831/?OrgKey=f94363b0-dbf3-4fa3-8723-60b379bbefb1 Thank you. I think Jack woul...
by sschullo
Thu Jan 17, 2019 7:57 am
Forum: Investing - Theory, News & General
Topic: The Worth Of A Man: A Tribute To John C. Bogle
Replies: 45
Views: 5882

Re: The Worth Of A Man: A Tribute To John C. Bogle

This excerpt from Rickś article really resonated with me. One of my favorite books Jack Bogle wrote was titled “Enough, True Measures of Money, Business, and Life”. It reveals Jack’s unparalleled insights on money and what we should consider as the true treasures in our lives. He details the values...
by sschullo
Wed Jan 16, 2019 9:32 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 50872

Re: John Bogle is dead at 89

Jack did everything with about as much ethics, compassion, transparency, foresight, intelligence, and tenacity that any human could have accomplished. He alone changed the perverse incentives, massive conflicts of interest, aggressive marketing and sales, and pure profit motive foundation of the ent...
by sschullo
Mon Jan 14, 2019 9:14 pm
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 200
Views: 15745

Re: Biggest Investment Mistake

Probably hundreds of threads about this topic. Here is a sampling:

viewtopic.php?t=164140
by sschullo
Thu Jan 03, 2019 8:45 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2338
Views: 417116

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

2018 Return
30% stock /70% Fixed
-1.97% overall.
Cost: .064% or $1024.00 for a 7 figure portfolio.
My highest individual returns were Treasurer Direct iBond--+3.4%, Vanguard International Bond Index--+2.97%, and TIAA's TA +3.0%.
by sschullo
Wed Dec 26, 2018 7:57 pm
Forum: Investing - Theory, News & General
Topic: Help Me Think About the Future: How Do You Know When Your Risk Tolerance Changes?
Replies: 37
Views: 2491

Re: Help Me Think About the Future: How Do You Know When Your Risk Tolerance Changes?

Fallible wrote:
Tue Dec 25, 2018 8:24 pm
CheChe wrote:
Mon Dec 24, 2018 9:14 pm
...
What life events, birthdays, financial milestones, etc. prompted you to change your asset allocation?
...
Age. I generally go by "age in bonds."
Me too. Any changes in my stock-bond split result of my age. Not about events, milestones or what Jim Cramer or any other "expert" says.
by sschullo
Sun Dec 16, 2018 5:35 pm
Forum: Investing - Theory, News & General
Topic: Which asset class is down the most for you?
Replies: 26
Views: 2375

Re: Which asset class is down the most for you?

pokebowl wrote:
Fri Dec 14, 2018 4:12 pm
My international funds have become precious metal mining funds as they continue to explore and venture deeper into the Earth's core (down over 10% YTD). I've addressed this by continuing to invest like normal.
+1
by sschullo
Sat Dec 15, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 68
Views: 7949

Re: The Free Dinner Annuity Sales Pitch, 2 NY Times articles

Why would any institution "give-up" control of assets to an insurance company only to have them skim off some high percentage each year? That is the question. And the situation is worse than that. Depends on state insurance regulations. Our committee has no annuities in our 457(b) plan because we m...
by sschullo
Sat Dec 15, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 68
Views: 7949

Re: The Free Dinner Annuity Sales Pitch, 2 NY Times articles

The 2nd NY Times article is about all kinds of annuities, so maybe this thread can go in that direction? I have a question: Is anybody reading this on an investment committee for a non-profit AND your non-profit has invested in annuities? Good luck finding any Boglehead who is on a committee and th...
by sschullo
Thu Dec 13, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle? Passive Income?
Replies: 71
Views: 8911

Re: Side Hustle? Passive Income?

If you own an extra car, have it available on this website: https://turo.com
by sschullo
Sat Dec 08, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 191
Views: 29454

Re: Teachers Who Have Net Worth of $1 million +

letsgobobby wrote:
Thu Aug 16, 2018 8:08 pm
Isn’t Boglehead and author sschullo a retired teacher?

https://latebloomerwealth.com/publicati ... lionaires/
Yep.
Sorry for the late response.
by sschullo
Wed Nov 28, 2018 9:04 pm
Forum: Personal Consumer Issues
Topic: Tipping lawn service and trash pickup
Replies: 48
Views: 4231

Re: Tipping lawn service and trash pickup

Don't forget about giving a raise. Especially the maids never asked for a raise so I offered. Holy macro-Andy! Were they happy and worked extra hard from then on.
Yes, I tip the maids, pool man, trash, HOA guards, and gardener. These folks work hard every day even in 115-degree heat.
by sschullo
Mon Nov 26, 2018 7:21 pm
Forum: Personal Investments
Topic: Do I need a financial advisor?
Replies: 16
Views: 1567

Re: Do I need a financial advisor?

If you want the future to be simple for your spouse, I would talk to Vanguard about Personal Adviser Services (PAS). With your assets, they will be glad to discuss future needs and estate planning. Also, your spouse will not get pressure to move to expensive funds that reward the advisers including...
by sschullo
Tue Nov 20, 2018 6:01 pm
Forum: Personal Investments
Topic: Can someone explain what's going on [with the stock market]?
Replies: 96
Views: 13435

Re: Can someone explain what's going on [with the stock market]?

Uncertainty at work.
It's what happens after euphoria, or before, who knows? It's uncertainty at work.
by sschullo
Sat Nov 17, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 238
Views: 35077

Re: [Financial] Habits of the Rich

"Stay the course," both in career and finances. gasdoc and married. Choosing a mate that is on the same page financially is very important. It's tough. One young woman told me she broke off an engagement because, after the announcement, her fiance' went out and bought a new truck without telling he...
by sschullo
Thu Nov 15, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 238
Views: 35077

Re: [Financial] Habits of the Rich

monkey_business wrote:
Wed Nov 14, 2018 2:57 pm
VictoriaF wrote:
Mon Nov 12, 2018 6:48 pm
Poor people treasure their things.
Rich people treasure their time.

This thread is about rich people.

Victoria
Of course rich people treasure their time - they already have all the things they want! :greedy
Assuming poor people have things....
by sschullo
Thu Nov 15, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Why I plan on buying a life annuity - even if it is a stupid idea
Replies: 117
Views: 11080

Re: Why I plan on buying a life annuity - even if it is a stupid idea

I think it's a good idea. There's the best financial route and there's the peace of mind route. TIAA reports they pay out monthly annuity payments to 31,000 people over 90 each month. I'm guessing they are all pretty happy about their decision right now. +1 My mother lived to 90, and most of my aun...
by sschullo
Sat Nov 10, 2018 8:18 am
Forum: US Chapters
Topic: U. S. Marine Corps Birthday
Replies: 31
Views: 2583

Re: U. S. Marine Corps Birthday

Yeah Happy Birthday! Just curious as I have never asked before as I don't talk about my Marine experience. But my recent visit to Vietnam was healing. Anybody served in the 3rd Amtrac Battalion 1st Marine Division at Marble Mountains during the 1968 Tet offensive? I visited the Marble Mountains, whe...
by sschullo
Sat Nov 03, 2018 9:16 am
Forum: Personal Consumer Issues
Topic: Fine Dining Cape Cod
Replies: 14
Views: 1354

Re: Fine Dining Cape Cod

I was just at Cape Cod a couple of weeks ago. Dined at the Lobster Trap: http://www.lobstertrap.net/
by sschullo
Fri Nov 02, 2018 7:51 pm
Forum: Investing - Theory, News & General
Topic: David Swensen Unconventional Success
Replies: 99
Views: 9473

Re: David Swensen Unconventional Success

Yeah, I read it a few years ago mainly because of the hype from not only here but elsewhere too. Some people swear by him, and that's fine. I didn't get much from Swenson. I wouldn't recommend it.
by sschullo
Sun Oct 28, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming frugal
Replies: 81
Views: 11274

Re: Becoming frugal

Read the most famous frugal living family on the planet: Mr. Money Mustache . This brilliant young man has done more to make young people think about joining the never-ending borrow and spend rat race and their hideous and damaging consumer culture than anybody else I know. Think about this, he writ...
by sschullo
Thu Oct 25, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 18550

Re: Why I'm 100% stocks

Two portfolios over past 10 years: 1. 100% VTI returning 9.8% CAGR 2. 80% VTI + 20% EDV (ultra long duration treasury bonds) One of these returned more *with* less risk, can you guess which one? https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endY...
by sschullo
Thu Oct 25, 2018 10:34 am
Forum: Personal Consumer Issues
Topic: Playing with FIRE(Financial Independence) documentary trailer.
Replies: 35
Views: 5658

Re: Playing with FIRE(Financial Independence) documentary trailer.

Most of the documentary is about the emotional impact of rejecting consumerism for work-life balance and a better lifestyle. It’s a lot more “Your Money Or Your Life” than the Trinity Study. I’d hope that the participation of Vicki Robin and Jim Collins would reassure even the most skeptical Bogleh...
by sschullo
Thu Oct 25, 2018 10:01 am
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 18550

Re: Why I'm 100% stocks

Two portfolios over past 10 years: 1. 100% VTI returning 9.8% CAGR 2. 80% VTI + 20% EDV (ultra long duration treasury bonds) One of these returned more *with* less risk, can you guess which one? https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endY...
by sschullo
Tue Oct 23, 2018 7:12 am
Forum: Investing - Theory, News & General
Topic: Do Advisers Add $$$ Value?
Replies: 74
Views: 7122

Re: Do Advisers Add $$$ Value?

Bogleheads: When selecting an advisor, a good question to ask is: "Can you beat the market?" If the answer is "Yes" -- find another advisor. Best wishes. Taylor +1 And/or: What is your opinion of Vanguard and TIAA? If the answer is negative, find another advisor. Yeah, it is very easy to assess an ...
by sschullo
Mon Oct 22, 2018 3:52 pm
Forum: Personal Consumer Issues
Topic: Playing with FIRE(Financial Independence) documentary trailer.
Replies: 35
Views: 5658

Re: Playing with FIRE(Financial Independence) documentary trailer.

I think Suzy Orman's rant gave this movement a lot of PR. Plus, there are some serious heavyweights in the documentary. Two best selling authors, Collins has already been mentioned, "Simple Path to Wealth", and another fairly unknown author around here, Vicky Robbins of "Your Money or Your Life", a...
by sschullo
Mon Oct 22, 2018 3:39 pm
Forum: Investing - Theory, News & General
Topic: Set it and forget it
Replies: 74
Views: 13389

Re: "Boglehead Treasure"

Once you have become enlightened to low-cost investing, and in particular broadly diversified index funds, select a stock and bond allocation for your needs, choose a few index funds to represent those broad asset classes (or a balanced fund that does it for you), implement the portfolio and go do ...
by sschullo
Mon Oct 22, 2018 12:08 pm
Forum: Personal Consumer Issues
Topic: Playing with FIRE(Financial Independence) documentary trailer.
Replies: 35
Views: 5658

Re: Playing with FIRE(Financial Independence) documentary trailer.

I think Suzy Orman's rant gave this movement a lot of PR. Plus, there are some serious heavyweights in the documentary. Two best selling authors, Collins has already been mentioned, "Simple Path to Wealth", and another fairly unknown author around here, Vicky Robbins of "Your Money or Your Life", a ...
by sschullo
Fri Oct 19, 2018 6:32 am
Forum: Personal Investments
Topic: Fiduciary using funds with a front load?
Replies: 25
Views: 2328

Re: Fiduciary using funds with a front load?

Did this "adviser" call himself a fiduciary? If this adviser is listed on Garrett or National Association of Personal Financial Advisers, they must act as fiduciaries and not ever sell commission-based products. If he is listed, report him to Garrett or NAPFA, but make sure your mom was charged a co...