Search found 2800 matches

by sschullo
Sat Mar 09, 2024 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Late Bloomers Club: Share Your Net Worth!
Replies: 107
Views: 21183

Re: Late Bloomers Club: Share Your Net Worth!

life in slices wrote: Sat Mar 09, 2024 2:06 pm
sschullo wrote: Sat Dec 16, 2023 5:29 pm I have been in this "club" for years so much so that I wrote a book with my late spouse called Late Bloomer Millionaires. We not only started late but made mistakes in our 50s learning this stuff, and still did fine.
Here is a free PDF download: https://latebloomerwealth.com/wp-conten ... onaire.pdf
Just found it on Amazon as a Kindle-unlimited book. Look forward to reading it. Thanks!
NO! go to www.latebloomerwealth.com and download a pdf for free.
by sschullo
Fri Mar 08, 2024 11:25 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein On the Financial Industry
Replies: 81
Views: 9770

Re: William Bernstein On the Financial Industry

A famous NYT article: Why I am leaving Goldman Sachs.
https://www.nytimes.com/2012/03/14/opin ... sachs.html
Read the comments: SAD!

IMHO, if you think about it, money, power, and greed didn't originate from the financial industry. The industry reflects its retail investors, as the mass media machines reflect its viewers. To go against their clients' views and values would mean going out of business eventually. As Vanguard and Fidelity continue to grow, I wonder how the 8 trillion in Vanguard alone has already affected the growth of WS's biggest and most powerful brokerage firms.
by sschullo
Thu Mar 07, 2024 9:48 am
Forum: Investing - Theory, News & General
Topic: Argument against people that say stock market is rigged, so don’t invest in it
Replies: 80
Views: 5448

Re: Argument against people that say stock market is rigged, so don’t invest in it

jebmke wrote: Thu Mar 07, 2024 6:12 am I avoid all financial discussions with relative and friends. It has little upside and a lot of downside Fortunately, it almost never comes up.
Same here, but it's a moot point as almost all my friends and relatives have zero interest anyway.
by sschullo
Mon Mar 04, 2024 8:38 pm
Forum: Investing - Theory, News & General
Topic: Emerging Markets Stocks have been a complete disaster
Replies: 170
Views: 15833

Re: Emerging Markets Stocks have been a complete disaster

Nathan Drake wrote: Mon Mar 04, 2024 11:40 am Peak pessimism in EM makes me feel good about my large allocation going forward
And relatively low valuations compared to US markets.
by sschullo
Mon Mar 04, 2024 6:55 pm
Forum: Investing - Theory, News & General
Topic: Dot.Com Era/AI Era?
Replies: 302
Views: 27354

Re: Dot.Com Era/AI Era?

LaurenRose wrote: Mon Feb 26, 2024 1:09 pm
So, my question is this - is it ever really "different this time"?

Same here, I lost a ton of money and wrote a book about it that terrible time 24 years ago. However, I nor many others will know ahead of time whether is new era of technology mania is "different this time."

But what I can tell you with 100% certainty is that I AM DIFFERENT THIS TIME!
by sschullo
Fri Mar 01, 2024 11:15 am
Forum: Investing - Theory, News & General
Topic: Vanguard Announces CEO Retirement and Appointment of President
Replies: 359
Views: 34094

Re: Vanguard Announces CEO Retirement and Appointment of President

Nobody likes change. I will be concerned if the new CEO has to increase costs. I like it just the way it is for my purposes, low costs with minimal need to trade. I got to a VG rep within minutes the other day because I had a 1099 question. I get it if others left for other companies with better service. It's a big industry and there are plenty of other companies that will fit each investor's unique needs. My simple needs are met by Vanguard 99%. The 1% is that I have a fixed account with TIAA with their TA currently paying 5.25%.
by sschullo
Sun Feb 25, 2024 9:34 am
Forum: Personal Consumer Issues
Topic: What is your favorite book?
Replies: 186
Views: 19917

Re: What is your favorite book?

removals wrote: Sat Feb 24, 2024 7:03 pm “Das Kapital,” by Karl Marx. The best analysis of the origins and dynamics of capitalism.
Yeah, it was thoroughly documented by previous research. In my amateurish analysis after reading about half, I thought he was trying to make the case that labor was a commodity. That labor was an important part of capitalism, not an annoying expense. He used the words labor and commodity throughout. Anyway, it was a dense read and not for the "faint of heart" reader. Somewhere in the blogosphere, I would love a book club discussion as I am quite sure I am way off! LOLs.
by sschullo
Sat Feb 24, 2024 6:35 pm
Forum: Personal Consumer Issues
Topic: What is your favorite book?
Replies: 186
Views: 19917

Re: What is your favorite book?

Since I first read it at 10 years old, The Boxcar Children by Gertrude Chandler Warner.
by sschullo
Mon Feb 19, 2024 10:34 pm
Forum: Personal Consumer Issues
Topic: What inferior good do you love?
Replies: 232
Views: 25523

Re: What inferior good do you love?

all my beat-up used cars that I bought, drove for years, and sold:
53 ford
59 Chevy Impala with huge tail wings!
66 VW bug
82 Diesel VW
87 Jeep Wrangler
94 Lincoln Mark VIII
99 Ford Explorer sport

I loved all my old used cars because I was able to use all of the savings over all those years to buy two new cars that I truly loved!
After retirement my only new cars:
2011 Nissan Leaf
2014 Tesla Model S

I still have my 10-year-old Tesla. But going to sell it.
by sschullo
Fri Dec 22, 2023 8:46 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 5249
Views: 899758

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

Vanguard Extended Market Index 24.71%
Vanguard Total Stock Market ETF 25.45%
Vanguard CA Interm-Term Tax-Exempt 5.54%
Vanguard Total Intl Bd Idx Admiral™ 9.0% WOW! International bonds, go figure!
Vanguard Wellesley® Income Admiral™ 6.41%
Vanguard Total Bond Market Index Adm 5.28%
Vanguard Total Intl Stock Index Admiral 13.85%

Overall 40/60 stock bond split: 10.5% YTD
by sschullo
Thu Dec 21, 2023 5:45 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 7638
Views: 1712484

Re: What Book Are You Currently Reading? Part VI

Finished Ben Roth, The Great Depression: A Diary. He warns repeatedly about deficit spending leading to excessive inflation. But during the 30s it never happened. Here is the inflation data during that period: 1933 -5.1 1934 3.1 1935 2.2 1936 1.5 1937 3.6 1938 -2.1 1939 -1.4 1940 0.7 If you like financial history as it impacts real people on the ground, this book is for you. It’s a good read about the economy, politics, inflation, spending, and impending war in Europe and Asia and the complex mix that drives the financial markets. As others have written about the book, he complained incessantly that the legal profession never recovered for over 10 years. He complained about government spending as it will lead to inflation incessantly. But h...
by sschullo
Sat Dec 16, 2023 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Late Bloomers Club: Share Your Net Worth!
Replies: 107
Views: 21183

Re: Late Bloomers Club: Share Your Net Worth!

I have been in this "club" for years so much so that I wrote a book with my late spouse called Late Bloomer Millionaires. We not only started late but made mistakes in our 50s learning this stuff, and still did fine.
Here is a free PDF download: https://latebloomerwealth.com/wp-conten ... onaire.pdf
by sschullo
Sun Dec 03, 2023 9:51 am
Forum: Investing - Theory, News & General
Topic: Has your portfolio recovered since Q1 2022?
Replies: 104
Views: 13266

Re: Has your portfolio recovered since Q1 2022?

No, not yet, but improving and not a full recovery until my VG Total Bond Market index recovers.
by sschullo
Tue Nov 28, 2023 8:42 pm
Forum: Investing - Theory, News & General
Topic: Charlie Munger dies at 99
Replies: 63
Views: 13244

Re: Charlie Munger dies at 99

Charlie left an intense legacy we Bogleheads love: long-term thinking, being patient, and summer trips to his Minnesota lakeside hideout with his family.
by sschullo
Fri Nov 24, 2023 9:04 am
Forum: Investing - Theory, News & General
Topic: Confused about CFP and their fees... sabotaging portfolio?
Replies: 38
Views: 3939

Re: Confused about CFP and their fees... sabotaging portfolio?

Here is another table for you to see the absolute tragedy of excessive investment costs compared to what I pay for my Vanguard portfolio, 7 basis points the same in 2023 as was in 2020. This table reflects just ONE Year. Multiply those costs by ten or 20 years. https://i.postimg.cc/2SrkzdJf/Costs-Comparison-to-07-of-my-cost.jpg I didn't major in math but I don't think that 0.07% = 7/100. 0.07% = 0.0007 = 0.07/100. (cowering in fear that my math is faulty) Otherwise it is a nice chart! Thank you! Those damn zeros. Can't live with them or without them, and the primary reason the Romans collapsed. :D When I insert anything math-related content as simple as this table on these boards it's like climbing into the ring with a few hundred Mike Tys...
by sschullo
Wed Nov 22, 2023 9:32 pm
Forum: Investing - Theory, News & General
Topic: Confused about CFP and their fees... sabotaging portfolio?
Replies: 38
Views: 3939

Re: Confused about CFP and their fees... sabotaging portfolio?

Here is another table for you to see the absolute tragedy of excessive investment costs compared to what I pay for my Vanguard portfolio, 7 basis points the same in 2023 as was in 2020.
This table reflects just ONE Year. Multiply those costs by ten or 20 years.
Image
by sschullo
Tue Nov 21, 2023 10:07 pm
Forum: Investing - Theory, News & General
Topic: Anyone still favor Vanguard?
Replies: 359
Views: 48394

Re: Anyone still favor Vanguard?

Has Vanguard's CS gotten any better in the last few months? I'm really considering moving some assets over, primarily for their money market and to get access to funds that support automatic investing (which you can'd do with ETFs at Schwab). Anyone gone against the grain and moved from Schwab or Fidelity back to Vanguard? Customer Service since Covid been improved, they took a year three months to give me Flagship status, it was too long a wait. I had 2.6 million all that time. An appeal to Vanguard through secure messing is a request to be able to buy Vanguard PrimeCap, currently only open to account with Flagship above 1 million. All my equities are at Vanguard, been with them since 1995, I have no current plans to leave Vanguard, despi...
by sschullo
Mon Nov 20, 2023 9:49 am
Forum: Personal Investments
Topic: Need help picking out a 403(b) provider!
Replies: 7
Views: 928

Re: Need help picking out a 403(b) provider!

+2 about Aspire.
by sschullo
Thu Nov 16, 2023 10:28 pm
Forum: Investing - Theory, News & General
Topic: World ex-US returns are only 4.4% - 120 years of data
Replies: 110
Views: 11140

Re: World ex-US returns are only 4.4% - 120 years of data

4.4% and 9.5% average returns for the international and domestic stock markets are what the markets paid in the last 120 years. OK, am I supposed to DO SOMETHING with my international allocation? Hell no!

I only trust that the world's economies will grow positively over long periods of time. Nothing more can be said. If we don't, what is the point of investing? With that focus, I never read or worry about these types of reports or the news. I have my uncomplicated diversified portfolio and stay the course no matter what.
by sschullo
Wed Nov 01, 2023 10:17 am
Forum: Personal Investments
Topic: Vanguard Advisor Services [Portfolio help requested]
Replies: 44
Views: 6332

Re: Vanguard Advisor Services

The thing is, you WANT a cookie cutter approach. The idea that each person needs some highly individualized investment plan is marketing nonsense. The vast majority of us need a handful of index funds and nothing else. As for rebalancing, it is entirely possible to go for years without needing it. The simple fact is that, if Vanguard is doing a good job, they will be doing nothing 99.99% of the time. That is what you WANT. Since that is what you want, the only question is how much is it reasonable to pay for it. Buying a handful of index funds, then doing nothing, is pretty easy. I would not pay someone 0.3% of assets to do that for me, but each to their own. Exactly my approach to investing, using Vanguard, using low-fee index funds or ET...
by sschullo
Sun Oct 29, 2023 8:59 pm
Forum: Investing - Theory, News & General
Topic: Anyone still favor Vanguard?
Replies: 359
Views: 48394

Re: Anyone still favor Vanguard?

Been with Vanguard for years and have no plans on moving. I hardly ever trade and I only have a question or two at tax time, but even then I have a tax guy that takes care of my taxes, but that's it. I don't need any advice.
I only sell my IRA to meet my RMD and I buy CDs with my cash. I love the low fees and as long as Vanguard puts their investors first and not shareholders like other companies, and they keep their fees low, I will stick with them.
by sschullo
Sun Oct 29, 2023 8:45 pm
Forum: Personal Consumer Issues
Topic: Washing machine cleaning tabs, necessary if you have a "clean" cycle?
Replies: 21
Views: 3981

Re: Washing machine cleaning tabs, necessary if you have a "clean" cycle?

There is this old and hackneyed saying, "If it ain't broke don't fix it."
I ran the cleanse cycle once or twice in the last three years. What worked for me and looks like it works for you too, as long as you wipe the door of excess water after washing and leave it open, as you do, you will be fine.
by sschullo
Fri Oct 20, 2023 7:36 pm
Forum: Investing - Theory, News & General
Topic: IT’S TIME: REGISTER FOR THE 2023 BOGLEHEADS CONFERENCE
Replies: 128
Views: 29843

Re: IT’S TIME: REGISTER FOR THE 2023 BOGLEHEADS CONFERENCE

LadyGeek wrote: Mon Oct 16, 2023 3:51 pm Welcome! I merged your post into the ongoing discussion.

Minneapolis, MN. No date or any further details were provided.
That's wonderful. I might come next year.
I have relatives in Minneapolis and nearby Wisconsin where I grew up and learned about investing from my 8th-grade educated assembly line Minneapolis Minning and Manufacturing Co (3M) mom who bought 3M stocks.
Beautiful city.
by sschullo
Fri Oct 13, 2023 1:12 pm
Forum: Investing - Theory, News & General
Topic: IT’S TIME: REGISTER FOR THE 2023 BOGLEHEADS CONFERENCE
Replies: 128
Views: 29843

Re: IT’S TIME: REGISTER FOR THE 2023 BOGLEHEADS CONFERENCE

I just saw Tim Ranzetta on the agenda. Thats GREAT! Thanks, Rick and Bill for inviting this great man, who has taught financial literacy to thousands of middle and high school teachers AND THEIR STUDENTS for 13 years all over the country! ALL OF HIS INDEPTH AND COMPREHENSIVE TEACHING RESOURCES AND HANDS ON TRAINING ARE FREE complete with the Boglehead investing philosophy 100%. As a fellow Boglehead and retired teacher, I love that! Best of luck to all the presenters and attendees with another excellent conference, Regards, Steve PS: For those of you who never heard of Tim, here is his blog: https://www.ngpf.org/ . I repeat, all of his resources, webinars, workshops, zoom or face-to-face before the pandemic were not only free but he paid fo...
by sschullo
Mon Oct 09, 2023 6:09 pm
Forum: Investing - Theory, News & General
Topic: Barron's: Stock investors shoud not accept returns less than 9.2%
Replies: 43
Views: 5603

Re: Barron's: Stock investors shoud not accept returns less than 9.2%

bendix wrote: Mon Oct 09, 2023 5:00 pm
sschullo wrote: Mon Oct 09, 2023 12:53 pm What an unwise statement, as if we can DO SOMETHING to protest the stock market if it returns a measly 8.0% over the next ten years, or minus 10%! Pure ignorance and trash with the ultimate gambling prediction down to a decimal point! Wow!
I´ll write a complaint letter to the stock market if someone can give me the mail address.
:)
by sschullo
Mon Oct 09, 2023 12:53 pm
Forum: Investing - Theory, News & General
Topic: Barron's: Stock investors shoud not accept returns less than 9.2%
Replies: 43
Views: 5603

Re: Barron's: Stock investors shoud not accept returns less than 9.2%

What an unwise statement, as if we can DO SOMETHING to protest the stock market if it returns a measly 8.0% over the next ten years, or minus 10%! Pure ignorance and trash with the ultimate gambling prediction down to a decimal point! Wow!
by sschullo
Sun Oct 08, 2023 4:53 pm
Forum: Investing - Theory, News & General
Topic: What did work in the late 60's?
Replies: 82
Views: 13805

Re: What did work in the late 60's?

Valuethinker wrote: Sun Oct 08, 2023 12:10 pm
sschullo wrote: Sun Oct 08, 2023 9:26 am
dukeblue219 wrote: Tue Sep 26, 2023 6:18 am In most of the US buying a home was pretty damn cheap in the 60s.
And college!
Real cost of education has risen by something like +3% pa since 1968. Consistently and without fail?

I occasionally visit University textbook stores and I am shocked at the prices (they are better internationally).
Room and board (dormitory) was $1000 per year at a four-year state university in Wisconsin! Books were extra but as an early Boglehead, I always bought used textbooks. :happy
by sschullo
Sun Oct 08, 2023 9:26 am
Forum: Investing - Theory, News & General
Topic: What did work in the late 60's?
Replies: 82
Views: 13805

Re: What did work in the late 60's?

dukeblue219 wrote: Tue Sep 26, 2023 6:18 am In most of the US buying a home was pretty damn cheap in the 60s.
And college!
by sschullo
Sat Sep 30, 2023 4:43 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 5249
Views: 899758

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

40/60 stock and bond allocation:
+3.8% YTD return 9.30.23
by sschullo
Wed Sep 27, 2023 6:30 pm
Forum: Investing - Theory, News & General
Topic: "Does Market Timing Work?"
Replies: 42
Views: 4043

Re: "Does Market Timing Work?"

Hard to believe people are still asking this question.
No, it doesn't work for 99% of investors but there is a 1% that is plain lucky. And luck works but it's not a long-term strategy.
by sschullo
Tue Sep 26, 2023 3:56 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 7638
Views: 1712484

Re: What Book Are You Currently Reading? Part VI

Finished Tyranny, Inc.: How Private Power Crushed American Liberty--and What to Do About It – 2023
by Sohrab Ahmari. In this book, the author referenced a murder mystery novel about a community that functioned as a private power when our technological progress won over our human potential. I am now super excited about reading: Super-Cannes: A Novel by J. G. Ballard
by sschullo
Sun Sep 24, 2023 11:28 am
Forum: Personal Investments
Topic: Who has the LOWEST Stock Allocation??
Replies: 85
Views: 9982

Re: Who has the LOWEST Stock Allocation??

This is probably going to be implicitly geared toward retirees, but I'm wondering who has very low stock allocations; say, less than 30%? And, why have you chosen the allocation you have? That's all, folks. I had 30% stocks. It's that thing we call emotions and past experiences. While I am risk tolerant, I am loss averse. I had 30% stocks for all of my 15 years of retirement. Why? I suffered a 70% in the tech bubble and I did not forget the "Black Swan" event, 9/11, that finished off my undiversified portfolio of 95% stocks, I was 55 at the time. Why 30%? Very simple. The Vanguard portfolio models says that 30/70 will earn about 7.3% while the 40%/60% will earn about half percent more, 7.8%. Too much risk for just .5% more. 15 ye...
by sschullo
Sat Sep 16, 2023 11:30 am
Forum: Investing - Theory, News & General
Topic: Dan Otter of 403bwise.org gets huge recognition!
Replies: 5
Views: 1550

Re: Dan Otter of 403bwise.org gets huge recognition!

I got a sense of the terrible investment choices that many teachers face, and the steps that are being taken to improve those choices, from the “Learned By Being Burned” podcast series, which I believe is available on podcast platforms. Dan is to be commended for recognizing a problem and devoting much of his adult life to making things better. Congratulations are in order! Hi Stinky, thanks for the post. You mentioned the " Learn by Being Burned " podcast series. The link is below. BTW for the record, nobody in this community is making money from any of this work because there isn't any to be made. It's about policy and fixing a 403(b) mess that even St. Jack was frustrated. It's about spreading the word to teachers all across t...
by sschullo
Fri Sep 15, 2023 9:07 pm
Forum: Investing - Theory, News & General
Topic: Dan Otter of 403bwise.org gets huge recognition!
Replies: 5
Views: 1550

Dan Otter of 403bwise.org gets huge recognition!

Make no mistake. While Dan doesn't post here much, he is a Boglehead! Investmentnews.com gave him a well-deserved Innovator of the Year award! Wow! We in the public k12 advocacy community are very proud.
Dan started 403bwise 23 years ago to help the 4 million public k12 educators with their terrible 403b plans. His goal was simply to educate fellow educators about investing in genuine stocks and bonds and to stay away from 403(b) high-cost annuities. Unfortunately, that wonderful goal is still a generation away, but Dan will be around for the next k12 generation.

https://www.investmentnews.com/how-a-fo ... bs-243271
by sschullo
Wed Sep 13, 2023 9:18 am
Forum: Personal Investments
Topic: Anyone ever regret leaving Schwab?
Replies: 140
Views: 21723

Re: Anyone ever regret leaving Schwab?

Schwab is best suited for investors who trade a lot more than I do (of course you don't have to trade). So, I never regret leaving Shwab, or fidelity, for reasons more than investors who trade more than me. I will stick with Vanguard as I already have for the last 20 years.
by sschullo
Mon Aug 07, 2023 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Retired at 61 why do I feel guilty
Replies: 162
Views: 28959

Re: Retired at 61 why do I feel guilty

I retired at 61 also with no guilt whatsoever. I left with no burn out as I planned this for decades. I know exactly what I wanted to do for 20 years is to write a book about my investing experience in the bizarre 403(b) world with public k12 school districts. I ended up writing two. Also traveled extensively and volunteered, still on my employer's investment advisory committee overseeing the 3 billion in employee assets in the 403b and 457b plans. It's a lot of fun. It is fun because I do all of this for free, with no competition, no deadlines, and nobody to report to except yours truly. It is truly a freeing experience and a frightening one too. Retirement is one of those major life changes that are equal to high school graduation (a huge...
by sschullo
Sat Aug 05, 2023 10:47 am
Forum: Investing - Theory, News & General
Topic: Is Total Bond Market "Good Enough"?
Replies: 84
Views: 10947

Re: Is Total Bond Market "Good Enough"?

The total bond market is "good enough" because I don't view any of my holdings in isolation. It is a major PART of my portfolio along with other fixed accounts (treasury direct iBond, TIAA traditional annuity, international bonds and CDs), and the fact that it is down last year makes little difference to me because the NAV was around $11.55 a share just 2 to 3 years ago! To my knowledge, the NAV never been that high in its entire history.
by sschullo
Sat Aug 05, 2023 10:19 am
Forum: Personal Investments
Topic: Total bond fund vbtlx
Replies: 79
Views: 9861

Re: Total bond fund vbtlx

So the yield on the fund is 4.46 not 2.8 ? It's complicated. A bond which has lost market value due to interest rate movements regains its value as it approaches maturity. (After all, it's a contract to pay $x at a specific date.) The SEC yield takes this price increase into consideration along with the coupon payments. I recently shifted some money into an intermediate bond fund as my allocation had drifted. Today its 30-day SEC yield 4.47% That doesn’t mean you’ll earn a rate of yield of 4.47% in the next 30 days even if the NAV stays unchanged. Oh no! You ruined my day. :happy I was just adding my two cents to the conversation (FWIW) that the yield changes frequently and doesn't mean anything to me as I am in this for the long term .
by sschullo
Fri Aug 04, 2023 10:38 am
Forum: Personal Investments
Topic: Total bond fund vbtlx
Replies: 79
Views: 9861

Re: Total bond fund vbtlx

exodusNH wrote: Tue Aug 01, 2023 1:52 pm
capen2468 wrote: Tue Aug 01, 2023 1:44 pm So the yield on the fund is 4.46 not 2.8 ?
It's complicated.

A bond which has lost market value due to interest rate movements regains its value as it approaches maturity. (After all, it's a contract to pay $x at a specific date.)

The SEC yield takes this price increase into consideration along with the coupon payments.

I recently shifted some money into an intermediate bond fund as my allocation had drifted.
Today its 30-day SEC yield 4.47%
by sschullo
Tue Aug 01, 2023 8:10 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 7638
Views: 1712484

Re: What Book Are You Currently Reading? Part VI

Studies in Classic American Literature by DH Lawrence. There was a great NYT article about this work recently on its 100-year anniversary.
by sschullo
Tue Jul 04, 2023 6:29 am
Forum: Investing - Theory, News & General
Topic: Exactly Five Years Ago
Replies: 9
Views: 3148

Re: Exactly Five Years Ago

Congrats Taylor,
Much deserved for good reason. The portfolio works!
by sschullo
Mon Jun 26, 2023 8:51 pm
Forum: Personal Investments
Topic: 403B advisement was garbo, review my funds?
Replies: 24
Views: 2018

Re: 403B advisement was garbo, review my funds?

Cocoa Beach Bum wrote: Sat Jun 24, 2023 6:34 pm
GreendaleCC wrote: Sat Jun 24, 2023 1:49 pm VSMPX - Vanguard Total Stock Market Index Fund Institutional Plus Shares. If you went 100% with this, I think few here would object strongly. ...
+1 That'd be my choice for someone in their 20s.
+2 100% for as long as you can stomach the volatility. Then add international and a bond fund. Somebody mentioned Taylor's three fund portfolio.
by sschullo
Wed Jun 21, 2023 10:11 pm
Forum: Personal Investments
Topic: I missed the train! Now what? (Bonds and a bull market)
Replies: 25
Views: 4862

Re: I missed the train! Now what? (Bonds and a bull market)

OP: you are feeling FOMO. Your 80/20 or 90/10 are just fine.
by sschullo
Wed Jun 21, 2023 10:04 pm
Forum: Personal Investments
Topic: I feel like I'm missing out on Tesla
Replies: 62
Views: 6248

Re: I feel like I'm missing out on Tesla

When Tesla fell to $100/share I was thinking about buying some. I stuck to the index funds and that's all I own currently in a decently diversified portfolio. Now I'm watching Tesla skyrocket with more news coming out with companies switching to their chargers, AI breakthroughs, etc. I've been investing since 2016 now. How do some of you that have stayed with indexing longer then this not want to jump on some companies? My general portfolio 40% Total US Market 30% US Small Cap Value 25% Internatioal What a coincidence! This identical Tesla purchase scenario came up at our local Boglehead meeting. One fellow lamented that a friend of his sold one of his properties and invested the proceeds into Tesla stock well before the enormous runup in ...
by sschullo
Wed Jun 21, 2023 1:39 pm
Forum: Personal Investments
Topic: I feel like I'm missing out on Tesla
Replies: 62
Views: 6248

Re: I feel like I'm missing out on Tesla

When Tesla fell to $100/share I was thinking about buying some. I stuck to the index funds and that's all I own currently in a decently diversified portfolio. Now I'm watching Tesla skyrocket with more news coming out with companies switching to their chargers, AI breakthroughs, etc. I've been investing since 2016 now. How do some of you that have stayed with indexing longer then this not want to jump on some companies? My general portfolio 40% Total US Market 30% US Small Cap Value 25% Internatioal What a coincidence! This identical Tesla purchase scenario came up at our local Boglehead meeting. One fellow lamented that a friend of his sold one of his properties and invested the proceeds into Tesla stock well before the enormous runup in ...
by sschullo
Fri Jun 16, 2023 9:54 am
Forum: Personal Investments
Topic: Thinking of moving to Edward Jones
Replies: 147
Views: 15889

Re: Thinking of moving to Edward Jones

I embarked on this journey for the old make sure the wife is set up with a money person as we move into retirement should something happen to me. Also, there is no automatic monthly sell/transfer funds at Schwab unless you use the Schwab Intelligent Portfolio Income program, which performance wise is almost as bad as using an AUM advisor firm. Many people, including myself, are confused by your question. As I understand it, you are primarily embarking on your journey because of your wife and want a financial adviser long term to help her in case something happens to you. You have done the research. You know what is at stake with EJ, and I suspect the EJ adviser will do exactly what you want (although this is debate about that!). However, t...
by sschullo
Tue Jun 13, 2023 10:01 pm
Forum: Investing - Theory, News & General
Topic: Is Morningstar trustworthy?
Replies: 42
Views: 4538

Re: Is Morningstar trustworthy?

I only use M* portfolio feature. I have a perplexed feeling about M*. I respect them for what they are trying to do in educating the investing public but my value system revolts against their active investor bias. If you are an active investor, M* is about as good as any other website that panders to the active investor. And good luck with that.

I listen to their podcasts and read some of the articles, but I have never used their articles or any of their podcast guests as a source of information to make portfolio changes. As others have said, their ratings are based on past performances and are of no use to me.