Search found 2367 matches

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: 602
Views: 35300

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: 3110

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: 4025

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: 5324

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: 5324

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: 5324

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: 5324

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: 5324

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: 5324

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: 5324

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: 5324

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: 5324

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: 5324

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: 5324

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: 5324

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: 5324

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: 5324

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: 5324

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 vs keeping my M235i.
Replies: 50
Views: 2930

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: 5324

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: 23590

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: 20191

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: 1490

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: 6182

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% ...
by sschullo
Thu Aug 02, 2018 3:21 pm
Forum: Investing - Theory, News & General
Topic: Annuity vs investment
Replies: 40
Views: 2508

Re: Annuity vs investment

This has been a good discussion on the proper role of annuities is in the distribution stage. I don't need an annuity because I have a pension plan and a small SS benefit. IMO they should be outlawed in the accumulation stage because investors will never get stock market returns. There have been hu...
by sschullo
Thu Aug 02, 2018 2:56 pm
Forum: Investing - Theory, News & General
Topic: Annuity vs investment
Replies: 40
Views: 2508

Re: Annuity vs investment

This has been a good discussion on the proper role of annuities is in the distribution stage. I don't need an annuity because I have a pension plan and a small SS benefit. IMO they should be outlawed in the accumulation stage because investors will never get stock market returns. There have been hu...
by sschullo
Thu Aug 02, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: Annuity vs investment
Replies: 40
Views: 2508

Re: Annuity vs investment

This has been a good discussion on the proper role of annuities is in the distribution stage. I don't need an annuity because I have a pension plan and a small SS benefit. IMO they should be outlawed in the accumulation stage because investors will never get stock market returns. There have been hun...
by sschullo
Tue Jul 31, 2018 9:58 pm
Forum: Investing - Theory, News & General
Topic: Passive Index Investing, A Bubble Bound To Burst?
Replies: 114
Views: 11496

Re: Passive Index Investing, A Bubble Bound To Burst?

There are hundreds of reasons why the bubble might burst and hundreds of the same (or new and different) reasons why the stock and bond market will continue to grow. Ignore them all and stick with your plan. If the gloom and doom people prevail, we are all doomed, and that is not going to happen. C...
by sschullo
Tue Jul 31, 2018 9:14 pm
Forum: Investing - Theory, News & General
Topic: Passive Index Investing, A Bubble Bound To Burst?
Replies: 114
Views: 11496

Re: Passive Index Investing, A Bubble Bound To Burst?

There are hundreds of reasons why the bubble might burst and hundreds of the same (or new and different) reasons why the stock and bond market will continue to grow. Ignore them all and stick with your plan. If the gloom and doom people prevail, we are all doomed, and that is not going to happen. Ci...
by sschullo
Mon Jul 16, 2018 4:14 pm
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 5958

Re: Going solar?

We spent a lot on everything, particularly green technologies. At the time no one could give us any real estimate of what we would save, we knew it wasn’t that economical but were interested in being a guinea pig for upscale use of green technologies, which were uncommon in our area at that time. W...
by sschullo
Wed Jul 11, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Why not go 100% stocks?
Replies: 125
Views: 13914

Re: Why not go 100% stocks?

Go the Warren Buffett route: 90% S & P 500; 10% bonds. Specifically 10% in "short-term government bonds" "My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.)" I think I read from...
by sschullo
Tue Jul 10, 2018 9:00 pm
Forum: Personal Consumer Issues
Topic: Walking Coast-to-Coast
Replies: 86
Views: 6962

Re: Walking Coast-to-Coast

Congrats! Although nothing like your remarkable story, I have a friend who ran 26 straight L.A. Marathons and my niece who rode the AIDS ride from SF to LA.
by sschullo
Mon Jul 09, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 150
Views: 23058

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

I invest 70% of my portfolio in bonds, not because of returns, but because of balance. Buffett doesn't have to worry about balancing his portfolio (are you kidding?!). He is in a different universe. And what he says is great for him, and he is correct for him. As a mere mortal and a nobody, I have ...
by sschullo
Sat Jul 07, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: How to "retire" in your 30's article
Replies: 110
Views: 14876

Re: How to "retire" in your 30's article

I am going to a CampFI (Financial Independence) meeting in my neighborhood next month. I am sure my girlfriend and I will be the oldest attending. I have been following the Financial Independence movement for a couple of years. Their rock stars are Mr. Money Mustache of course, but also Vicky Robins...
by sschullo
Mon Jul 02, 2018 7:04 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1937
Views: 353410

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

34% equities 66% bonds.
Essentially FLAT up just $1184.00 out of a 7 figure portfolio. My positive return is so small in the that I could not read my calculator!
by sschullo
Mon Jul 02, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Any Boglehead powerlifters?
Replies: 115
Views: 8276

Re: Any Boglehead powerlifters?

I have used weights since the early 1980s, as part of my routine of hiking and walking. In my younger days, I used to run to feel good and for weight control, but now I feel good without running.
by sschullo
Mon Jul 02, 2018 7:27 am
Forum: Investing - Help with Personal Investments
Topic: What % of your equity is int’l?
Replies: 141
Views: 8174

Re: What % of your equity is int’l?

32% of my equity allocation

8% of my entire portfolio
by sschullo
Thu Jun 28, 2018 10:27 am
Forum: Investing - Theory, News & General
Topic: Are we just way over complicating this?
Replies: 113
Views: 7351

Re: Are we just way over complicating this?

I agree. The construction of a boglehead portfolio is simple. It is our emotions that keep many from sticking with it. But you are right on one point, the discussions are sometimes very complicated, and not necessary for new investors. Many people just want to come here, straighten themselves out an...
by sschullo
Tue Jun 26, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8618

Re: Retirees: When you cut spending, what do you cut?

Invested in solar panels and 100% electric cars and I not only cut back on electric power bill but get refunds back from my power company.
by sschullo
Mon Jun 18, 2018 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Young and rich
Replies: 33
Views: 5380

Re: Young and rich

I think you will be OK because you are wise enough to come here and seek advice. Sooooo, whatever you do with all the good advice you have received make sure your wife is on board with you! She must agree to invest this huge amount of money and leave it alone long term, and that it will be best for ...
by sschullo
Mon Jun 18, 2018 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Investment book recommendations?
Replies: 12
Views: 1135

Re: Investment book recommendations?

AlohaJoe wrote:
Fri Jun 15, 2018 9:46 pm
kmwilson343 wrote:
Fri Jun 15, 2018 9:29 pm
Hey fellow Bogleheads. Trying to educate myself on investing.
The wiki is as good a place to start as any (note the "Further reading" at the bottom)
https://www.bogleheads.org/wiki/Getting_started
+1
by sschullo
Mon Jun 18, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: How do you read books?
Replies: 34
Views: 3178

Re: How do you read books?

Very slowly and then to help comprehend the material, I have written about 15 book reviews on Amazon. I have listened to some books on tape but prefer the ebook or the paperback.
by sschullo
Sun Jun 17, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: "Money Talk" Radio Program with Bob Brinker
Replies: 33
Views: 4047

Re: "Money Talk" Radio Program with Bob Brinker

I learned about investing from Brinker back in the 1990s and early 2000, but since he missed the 2008 crash when he failed to warn his followers, he might have lost a lot of credibility. Even Jack Bogle wondered why he was not asked to be a guest on his show any more. Jack told me while he doesn't f...
by sschullo
Sat Jun 16, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 13940

Re: Best Advice You Never Took

College friends blew a head gasket when I announced that I was enlisting in the Marines at the height of Vietnam. While he did not say that I should not go, my older brother reminded me that they are shooting people there (he was a WWII vet).
by sschullo
Sat Jun 16, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 12351

Re: Which boglehead rule do you break--and are ok with

Skipped a couple of principles: As a consumer: 1. Bought two new cars in the last 6 years and one was expensive. However, my behavior is still boglehead as I still own them and plan on keeping them. BTW I lend out the Nissan Leaf on http://turo.com/ and so I make a little money on the side. 2. Have...
by sschullo
Sat Jun 16, 2018 8:29 am
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 38131

Re: Bogleheads, tell me about your 40's?

My 40s were great. I was in great physical shape and ran my first marathon at age 40 in Los Angeles and another in a warm downpour in Honolulu. Most importantly, I also not only started learning about in genuine stock market investing in mutual funds (vs. those horrific nongrowth annuities), I beat ...
by sschullo
Fri Jun 15, 2018 3:41 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 12351

Re: Which boglehead rule do you break--and are ok with

Skipped a couple of principles: As a consumer: 1. Bought two new cars in the last 6 years and one was expensive. However, my behavior is still boglehead as I still own them and plan on keeping them. BTW I lend out the Nissan Leaf on http://turo.com/ and so I make a little money on the side. 2. Have ...
by sschullo
Thu Jun 14, 2018 2:36 pm
Forum: Personal Consumer Issues
Topic: Drive from Phoenix to San Diego
Replies: 42
Views: 2769

Re: Drive from Phoenix to San Diego

Except for San Diego, all the places you mentioned (PHX, Grand Canyon, Joshua Tree NP and Palm Springs) are very HOT in late June. O.k., maybe it is not so hot in GCNP. I think you should just go straight to San Diego for June. Try to visit those hot places in the winter. +1 +2 The desert SW is a b...