Search found 2392 matches

by sschullo
Sat Nov 10, 2018 8:18 am
Forum: Local Chapters and Bogleheads Community
Topic: U. S. Marine Corps Birthday
Replies: 31
Views: 2264

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: 1213

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: 8678

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: 10781

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: 17191

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: 5406

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: 17191

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: 6892

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: 5406

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: 47
Views: 9237

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: 5406

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: Investing - Help with Personal Investments
Topic: Fiduciary using funds with a front load?
Replies: 25
Views: 2236

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...
by sschullo
Wed Oct 17, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 193
Views: 59553

Re: Vanguard's Wellesley Income fund is incredible

I own only index funds, except for Wellesley. I just can't bring myself to sell it. +1 Dan +2 I have my Roth in this incredible fund. The discussion about actively managed vs. Index funds IMO don't apply here. Wellesley has a Vanguard management philosophy which is slightly (but important) differen...
by sschullo
Mon Oct 01, 2018 7:32 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2001
Views: 372199

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

1.9%
33% equity and 67% bond allocation. My total bond market index has predictably dragged my return down because of increased interest rates. Not a big deal.
by sschullo
Thu Sep 20, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Options/Suggestions.
Replies: 99
Views: 10312

Re: Side Hustle Options/Suggestions.

You have infants at home and your going to spend your precious sleep time working minimum wage jobs.??? If you really need the money, spend the time on night classes, get a graduate degree and earn a promotion in your day job. You have a degree and a skilled profession, Don’t give up precious irrep...
by sschullo
Wed Sep 19, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Options/Suggestions.
Replies: 99
Views: 10312

Re: Side Hustle Options/Suggestions.

You have infants at home and your going to spend your precious sleep time working minimum wage jobs.??? If you really need the money, spend the time on night classes, get a graduate degree and earn a promotion in your day job. You have a degree and a skilled profession, Don’t give up precious irrep...
by sschullo
Fri Sep 14, 2018 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: How to overcome regrets/fears?
Replies: 15
Views: 1531

Re: How to overcome regrets/fears?

Regrets are usually based on lost opportunities or mistakes. So, be aware of new opportunities, as they bite us on the bottom often, and learn from mistakes.
by sschullo
Fri Sep 14, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 11884

Re: Age in Bonds - Still Recommended?

Age in bonds is definitely out of favor. Seriously, why would anybody want more bonds than stocks from age 51 onwards ? I would recommend age minus 20 or age minus 15 in bonds. Because if you already have enough money to meet your liabilities, why take the extra equity risk? Also, having some small...
by sschullo
Mon Sep 10, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else playing catch-up in their 40's?
Replies: 68
Views: 7407

Re: Anyone else playing catch-up in their 40's?

It seems most of the ppl here started saving diligently in their 20's or 30's....are there others here who didn't "wake up" like me until they were in their 40's or beyond? Just curious. My rough timeline playing catch-up.... 20's - 0 savings 30's - very minimal 401k savings 40's - maxing all (401k...
by sschullo
Thu Aug 30, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Great Places to Work?
Replies: 5
Views: 1070

Re: Great Places to Work?

This type of "take care of me over anybody else" is common.
NEA has a wonderful 403b plan with Vanguard for its 700 employees and a lousy and expensive annuity and broker-dealer plan for its 3.2 million members, all public school teachers.
by sschullo
Tue Aug 28, 2018 8:41 am
Forum: Investing - Theory, News & General
Topic: New Jack Bogle Book!
Replies: 46
Views: 6859

Re: New Jack Bogle Book!

thanks for the heads up!
by sschullo
Thu Aug 23, 2018 9:39 am
Forum: Personal Consumer Issues
Topic: Woodstock
Replies: 49
Views: 6649

Re: Woodstock

Half-century coming up next year.
by sschullo
Wed Aug 22, 2018 7:46 am
Forum: Personal Consumer Issues
Topic: I own 1,387 items!
Replies: 128
Views: 10606

Re: I own 1,387 items!

I obsessed with counting how low my portfolio expenses are, and that's it! :- ) It takes about 30 minutes to multiply the ER with each asset and tallying it up.
by sschullo
Mon Aug 20, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13819

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

As a retired teacher, I'm interested in hearing from my fellow Life-Giving Educators who were able to devote their lives to teaching, invest over time, may have started side businesses, and have amassed over $1 million net. How did you do it? Perhaps share your net worth as a testament to other you...
by sschullo
Mon Aug 20, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13819

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

Isn’t Boglehead and author sschullo a retired teacher? https://latebloomerwealth.com/publications/late-bloomer-millionaires/ Yep! Been retired for a decade. But I am still on my former employee's Los Angeles Unified retirement advisory committee. But there were two of us and we achieved millionaire...
by sschullo
Tue Aug 14, 2018 9:22 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 105802

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

You believe that internationals have been a disaster, what about the millions of investors who stayed in MM accounts paying zilch for the last decade because they got burned in the last financial disaster, 2008? Stay the course, I'll stick with my boring low cost diversified and a very simple, uncom...
by sschullo
Sun Aug 12, 2018 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3393

Re: Financial Advisor Mandatory?

As others have said a FA is never mandatory. You have asked this question on Bogleheads, and of course, most will say no. Perhaps this should be another discussion but the OP asks a frequent question. I thought I had an answer for those people in the grey area who are savvy enough to find us here, b...
by sschullo
Sun Aug 12, 2018 6:13 am
Forum: Investing - Theory, News & General
Topic: John Oliver- All you have to know about planning for retirement
Replies: 8
Views: 4168

Re: John Oliver- All you have to know about planning for retirement

This is a great show for those who are new to investing.
Previous discussion here: viewtopic.php?t=193186
by sschullo
Thu Aug 09, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Re: Employer will not indemnify me cause I am retired

Steve, retired from LAUSD, can you set up a social group, to educate teachers about the specifics of retirement investing? That would allow current, indemnifiable employees to get involved. It's terrible that teachers are underpaid, and worse that their 403b's have such high fees. I had 403b's myse...
by sschullo
Thu Aug 09, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Re: Employer will not indemnify me cause I am retired

Thanks to all who commented and contributed ideas to get coverage. Still, the verdict is in! Almost all say that I should resign immediately. As some of you know, I have been fighting to reform the terrible nonERISA 403(b) plans presented to the 4,000,000 public educators. The sales force is everywh...
by sschullo
Thu Aug 09, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Re: Employer will not indemnify me cause I am retired

I'd think about it this way. The employees are covered. Why? You are not getting paid nor getting covered. Why not? So why would you risk anything? I think the risk is very low. The plaintiffs have to prove beyond a reasonable doubt that I harmed or been negligent when: A. I am a volunteer, and a n...
by sschullo
Wed Aug 08, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Re: Employer will not indemnify me cause I am retired

I'd think about it this way. The employees are covered. Why? You are not getting paid nor getting covered. Why not? So why would you risk anything? I think the risk is very low. The plaintiffs have to prove beyond a reasonable doubt that I harmed or been negligent when: A. I am a volunteer, and a n...
by sschullo
Wed Aug 08, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Re: Employer will not indemnify me cause I am retired

https://s19.postimg.cc/p44bnyhhf/LAUSD_457_b_TOTAL_FEES_Updated_August_2018.jpg My colleagues on this committee are beyond reproach! We are one of the most knowledgeable, all volunteer, advisory committees in the country. My forever free PDF book Fighting Powerful Interests tells a 20-year story of...
by sschullo
Wed Aug 08, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Re: Employer will not indemnify me cause I am retired

Since the decision not to indemnify the retired members only affected you and one other person, has it occurred to you that the decision was made specifically with the intent to nudge you both out? Especially it already had that effect on one of you. I'm not suggesting what their motive might be, b...
by sschullo
Wed Aug 08, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Re: Employer will not indemnify me cause I am retired

Worked as counsel for a public company and we had several advisory boards. They were paid but had no actual authority and should not have been liable in any legal action. Nevertheless, they were covered by our indemnification bylaw and by D&O insurance. Even if the district won't indemnify you, you...
by sschullo
Wed Aug 08, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Re: Employer will not indemnify me cause I am retired

My first question would be "Why are you doing this?" You are retired and I would look to move-on and do what I truly enjoy in life. Now if this IS what you truly enjoy and need to keep connected to old friends and co-workers, find happiness and direction in being involved, or just love the donuts, ...
by sschullo
Wed Aug 08, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Re: Employer will not indemnify me cause I am retired

Prokofiev wrote:
Wed Aug 08, 2018 10:48 am
My first question would be "Why are you doing this?"
Refer to my answer to Beardsworth and the table post.
by sschullo
Wed Aug 08, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Re: Employer will not indemnify me cause I am retired

Steve, I'm assuming that promoting good employee plans at your previous school system must be very important to you on a personal level, i.e., important enough to put up with this kind of hassle in order to spend time on a committee which is purely advisory and (in your own words) has "no power"? Y...
by sschullo
Wed Aug 08, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Re: Employer will not indemnify me cause I am retired

Worked as counsel for a public company and we had several advisory boards. They were paid but had no actual authority and should not have been liable in any legal action. Nevertheless, they were covered by our indemnification bylaw and by D&O insurance. Even if the district won't indemnify you, you...
by sschullo
Wed Aug 08, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Re: Employer will not indemnify me cause I am retired

I serve on an advisory committee as a retired teacher and volunteer. This committee recommends to the CFO of our district with regards to the 457b plan. Our committee has mostly working employees and two retired members. We were told that the district will not indemnify retired members. The other m...
by sschullo
Wed Aug 08, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Re: Employer will not indemnify me cause I am retired

Some people don't like to click links. This is from the first 2 paragraphs of the link. It's not entirely applicable - but worth taking notice and discussing with a qualified attorney. " When things go wrong in a company, security holders, creditors, and the corporation itself may all seek out indi...
by sschullo
Tue Aug 07, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Re: Employer will not indemnify me cause I am retired

I am not quitting. My umbrella insurance agent said that I was not liable because I am a volunteer, nonpaid, and most importantly, our committee has no power to make decisions. The CFO has that power. My agent also said that no liability insurance exists that would cover somebody in my position bec...
by sschullo
Tue Aug 07, 2018 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Re: Employer will not indemnify me cause I am retired

My umbrella insurance agent said that I was not liable because I am a volunteer, nonpaid, and most importantly, our committee has no power to make decisions. In the meantime, am I missing anything? Is your insurance agent qualified to make this sort of assessment? If there is no chance of any liabi...
by sschullo
Tue Aug 07, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: Cost of ownership of buying Model 3
Replies: 50
Views: 3404

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

i have a family member who had a tesla. minor accident took 6 months to get parts. i would not buy. Sorry for your family members inconvenience. I had a very different experience. My Tesla was vandalized with the passenger window smashed and the armrests ripped out. The thieves were after and got m...
by sschullo
Tue Aug 07, 2018 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5595

Employer will not indemnify me cause I am retired

I serve on an advisory committee as a retired teacher and volunteer. This committee recommends to the CFO of our district with regards to the 457b plan. Our committee has mostly working employees and two retired members. We were told that the district will not indemnify retired members. The other me...
by sschullo
Tue Aug 07, 2018 8:18 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 25981

Re: Invest in Tesla?

I keep this simple. I own and enjoy the car, not the individual stock. I own the stock in my index fund.
by sschullo
Tue Aug 07, 2018 6:52 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21912

Re: "Don't Obsess About Expense Ratios"

Nothing wrong with obsession, as long as you keep your rational head about it (Yeah, I know we are not rational, but we can still think about it reasonably! :-). I think this debate between Vanguard and Fidelity is a distraction from the primary problem--fee-only financial advisors. I have an obsess...
by sschullo
Mon Aug 06, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: February warm weather vacation
Replies: 19
Views: 1652

Re: February warm weather vacation

Palm Springs. Thousands of snowbirds come here every year. Standard of living is cheaper here than in San Diego (are we kidding!).
by sschullo
Fri Aug 03, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6938

Re: Financial Planner is going to buy funds for me. What should I find out first before letting him?

OP: I think you came to the wrong forum. I know you are asking for help, but this is the bogleheads investment forum, the vast majority are doing it ourselves, who would never pay an adviser buy funds for us , or construct a low-cost portfolio, and or manage our portfolio for a rip off cost of .50% ...