Search found 2326 matches

by sschullo
Mon Jun 18, 2018 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Young and rich
Replies: 33
Views: 5099

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: 980

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: 2699

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: 15
Views: 1680

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: 13416

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: 151
Views: 10730

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: 36779

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: 151
Views: 10730

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: 2414

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...
by sschullo
Wed Jun 13, 2018 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Better late than never
Replies: 7
Views: 1194

Re: Better late than never

Take a look at Vanguard's Wellesley (It might be closed to new investors). Since you relatively risk adverse but open to suggestions, this fund is already balanced between stocks and bonds and appropriate for people our age. I am 70. I own this fund which holds about 12.5% of my entire portfolio. We...
by sschullo
Mon Jun 11, 2018 9:21 am
Forum: Personal Consumer Issues
Topic: House sale by owner - Problems & Pitfalls?
Replies: 30
Views: 1581

Re: House sale by owner - Problems & Pitfalls?

We sold two properties ourselves and saved a bundle on those dreaded COMMISSIONS! It was work but according to surveys, it is neighbors or friends/family of your neighbors who will most likely buy your house.
by sschullo
Sun Jun 10, 2018 10:19 pm
Forum: Personal Consumer Issues
Topic: How much to invest in elementary education?
Replies: 37
Views: 2407

Re: How much to invest in elementary education?

Interesting Warren Buffett said in an Interview that no Warren kids attended a private school, but I digress. Send your children to a public school, and the money you save can be used to hire private tutors, one or two of the following depending on what you children are interested in: music (singing...
by sschullo
Fri Jun 08, 2018 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: questions about TIAA traditional fund in 401K
Replies: 9
Views: 334

Re: questions about TIAA traditional fund in 401K

My questions are 1. Is it ok to use this fund to replace the US bond index fund in the three-fund portfolio? The past year performance (3.89% 1 year, 4.02% 3-year, 4.06% 5-year, 4.46% 10-year) looks good to me. That's what I do. 2. What is the expense/fee to own TIAA traditional? It is easy to find...
by sschullo
Mon Jun 04, 2018 11:01 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3573
Views: 1018908

Re: What Movie Have You Recently Watched?

The Rider
Great movie about the relationship between horses and one sensitive cowboy who is recovering from a serious head injury after a rodeo incident. Located and beautifully filmed in the Dakotas, not Texas.
by sschullo
Sat May 26, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 141
Views: 20200

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
Mon May 21, 2018 8:45 am
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early
Replies: 70
Views: 5925

Re: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early

I have so much to be thankful because of you Jack. Since 2004, I have saved so much portfolio expenses that I bought two new electric cars, solar panels on my house and a kitchen remodel. With the returns in the last ten years, I have spent tens of thousands writing and self-publishing with giving a...
by sschullo
Sat May 19, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 141
Views: 20200

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 a...
by sschullo
Mon May 14, 2018 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Should I decrease my international exposure?
Replies: 8
Views: 946

Re: Should I decrease my international exposure?

The question is why you want to change your well thought out portfolio now?
Past data says that if you do you will get a higher return from one versus the other?
I save myself a lot of headaches, and heartaches by owning them both, and be done with it.
by sschullo
Mon Apr 30, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle a request for money from a niece?
Replies: 89
Views: 7014

Re: How would you handle a request for money from a niece?

You have so much going on with caring for your mother, and all of this additional stress is over $100? Seriously? There is a lot more to this and you probably are not aware of. Say no. I am just not sitting comfortably here telling you what to do. I said no to a grand nephew who asked for $2000 doll...
by sschullo
Sat Apr 28, 2018 8:34 pm
Forum: Personal Consumer Issues
Topic: Which literary magazine do you read?
Replies: 12
Views: 771

Re: Which literary magazine do you read?

The Sun. https://www.thesunmagazine.org An ad-free magazine of writers (and photographers) supported by its readers. Sun's tag line: personal, political, provocative. Well written, carefully edited short stories, poetry, essays, interviews and tasty morsels, loosely related by a theme each issue. I...
by sschullo
Mon Apr 23, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 246
Views: 38912

Re: How to Minimize Your Emergency Care Expenses

... 1. I live in Rancho Mirage, CA, a city that will pay for ambulance service for all citizens . But I don't need them because my HMO covers it as well. ... The bolded is not exactly correct. According to the city's website, they bill your insurance ("Medicare and other health-care insurance provi...
by sschullo
Tue Apr 17, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 246
Views: 38912

Re: How to Minimize Your Emergency Care Expenses

... 1. I live in Rancho Mirage, CA, a city that will pay for ambulance service for all citizens . But I don't need them because my HMO covers it as well. ... The bolded is not exactly correct. According to the city's website, they bill your insurance ("Medicare and other health-care insurance provi...
by sschullo
Sat Apr 14, 2018 7:16 am
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 251
Views: 36689

Re: Is there a such thing as a blue collar Boglehead?

In my experience, blue-collar and even middle-class perspectives are not often welcomed on this site. The assumption from many posters seems to be that anyone who is smart and hard-working should be wealthy, and those who are not wealthy are lacking something. How so? I've never felt that, but mayb...
by sschullo
Tue Apr 10, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5829

Re: Retirees: Who's increasing their equities as they age?

Nope, sticking with my 30/70 plan like I have since 2007 when I was a youngster at 59 when I suffered a 70% loss during the tech crash when I had about 98% in tech stocks. That loss really affected me in more good ways than negative.
by sschullo
Mon Apr 09, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Too many funds in retirement accounts
Replies: 12
Views: 1263

Re: Too many funds in retirement accounts

This IS a HUGE MESS with 37 individual stocks with an assortment of iShares and brokerage house funds. And not only that, your family member says that selling any of the 39% of the portfolio now devoted to individual stocks is a "nonstarter," I think you are dealing with a gambler. This is boglehead...
by sschullo
Thu Apr 05, 2018 6:53 am
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 246
Views: 38912

Re: How to Minimize Your Emergency Care Expenses

I am extremely lucky to have two health care plans, the VA and from work in retirement for life. I skipped over your post realizing once again, how lucky I do not have to use the complicated information you provide and take two or three hours of my time trying to understand it: Plus 1. I live in Ra...
by sschullo
Wed Apr 04, 2018 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Advisor fees? Am I paying too much?
Replies: 54
Views: 4203

Re: Financial Advisor fees? Am I paying too much?

Decide for yourself if 1.55% adviser costs are too much by looking at this simple table I created. The green column is my cost with all of my money in Vanguard and TIAA. While I don't have a 1.55% column you can estimate what your cost is per year, and then multiply the annual costs for as many year...
by sschullo
Wed Apr 04, 2018 8:46 pm
Forum: Investing - Theory, News & General
Topic: The "American companies I invest in already have international exposure" argument --- valid or not?
Replies: 139
Views: 10877

Re: The "American companies I invest in already have international exposure" argument --- valid or not?

I read JL Collins book and wrote a five-star review on Amazon. I remember thinking about the no international exposure and simply ignored his advice, as he keeped referring to Jack B throughout the book, which was a huge plus for me. I invest in all possible asset classes which are broadly diversifi...
by sschullo
Wed Apr 04, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 246
Views: 38912

Re: How to Minimize Your Emergency Care Expenses

I am extremely lucky to have two health care plans, the VA and from work in retirement for life. I skipped over your post realizing once again, how lucky I do not have to use the complicated information you provide and take two or three hours of my time trying to understand it: Plus 1. I live in Ran...
by sschullo
Wed Apr 04, 2018 7:33 pm
Forum: Investing - Theory, News & General
Topic: Has anyone changed their AA/IPS/investing strategy recently?
Replies: 25
Views: 1973

Re: Has anyone changed their AA/IPS/investing strategy recently?

Nope, my 30/70 AA stock-bond split has been good to me for over a decade.
by sschullo
Fri Mar 30, 2018 7:16 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 19190

Re: A lot of heavy hitters this morning

I'm an old retired guy who long ago stopped worrying about how much income I have relative to others. But I will say that I'm often amazed by some of the incomes relatively young people (say, in their 30s and 40s) are earning these days if BH posts are to be believed (and I gave no reason to disbel...
by sschullo
Fri Mar 30, 2018 10:26 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1857
Views: 339852

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

-.75% for a 33%/67% portfolio.
by sschullo
Thu Mar 29, 2018 9:47 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 9548

Re: What is the endgame for Millennials?

I am surprised this thread has not been locked. It is pointless to predict the future of stock prices as it is to predict what will happen to any generation. It's all guesswork, except for a few pointers that just about everyone who reads this forum regularly already knows. Get an education, work ha...
by sschullo
Thu Mar 29, 2018 2:09 pm
Forum: Personal Consumer Issues
Topic: Anyone Deleting Facebook?
Replies: 338
Views: 24088

Re: Anyone Deleting Facebook?

Nope. I use FB to spread the financial word to my teacher colleagues about the great Boglehead discussions here and what St. Jack is doing. I know Kathy Ryan, Rick Ferri, Mel and Adrian have posted on FB too. This forum has to diversify (remember that word) to get the word in front of people who wil...
by sschullo
Thu Mar 29, 2018 1:16 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 325
Views: 34521

Re: Post your Financial Milestone Announcements Here

Just wanted to send you a personal note of congratulations on your milestone! Way to go on keeping your expenses so low! :D I hope to be in your position in the future earning six figures on my investments and reaping the rewards of good decision making from years past. :beer As a side note, this i...
by sschullo
Thu Mar 29, 2018 11:46 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 325
Views: 34521

Re: Post your Financial Milestone Announcements Here

Hi Bogleheads, It just occurred to me that I have a milestone! It’s about my income rather than my portfolio amount. Last year, 2017, for the first time in my 70 years, I reached an annual gross income level of $200,000+! Most people will never earn $200,000 per year, I never came close. And this in...
by sschullo
Wed Mar 28, 2018 7:23 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 19190

Re: A lot of heavy hitters this morning

I learned a long time ago not to compare. There are highly elite talented people everywhere and then there is just me, an uncomplicated farm kid who did pretty good in the big city starting with nothing and with no talents for anything. I was very shy and afraid of my own shadow as a young man. Not ...
by sschullo
Tue Mar 27, 2018 10:00 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1857
Views: 339852

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

Beardstown Ladies called this morning before the open to let me know YTD the value of my portfolio is UP a bit over 20%. I feel incredibly fortunate to have had these results so within a couple years of my retirement. Just a lucky dog. You will need at least 80/20 to get 20%. If you have 60/40 mix,...
by sschullo
Tue Mar 27, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Lowest fees for 403(b) for Texas Teacher
Replies: 19
Views: 1251

Re: Lowest fees for 403(b) for Texas Teacher

I know this is a pain in the butt, but you really have to look closely at each plan's fund options. Sometimes hidden among a slew of high expense funds is a sole low expense index fund. Some of the plans may offer good stable value funds that can serve as the bond portion of your portfolio. Could a...
by sschullo
Mon Mar 19, 2018 7:07 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey spends two segments on his investing advice
Replies: 84
Views: 13553

Re: Dave Ramsey spends two segments on his investing advice

Tamalak wrote:
Sun Aug 13, 2017 9:30 am
It's always been my policy that if your net worth is below zero, listen to Dave Ramsey, and if it's above zero, listen to Bogleheads.
He is only good at getting you out of debt and staying out.
by sschullo
Sat Mar 10, 2018 2:23 pm
Forum: Investing - Theory, News & General
Topic: Boglehead-approved personal finance podcasts?
Replies: 27
Views: 3903

Re: Boglehead-approved personal finance podcasts?

JEC wrote:
Sat Mar 10, 2018 9:06 am
The Mad Fientiest
I like him too, but I have not heard him ever make a reference to Vanguard or Mr. Bogle.
by sschullo
Sat Feb 24, 2018 11:05 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 325
Views: 34521

Re: Two Comma Club

So with the recent correction, did you join the club, leave it, and then join it again? That was me. I was in the club for about 48 hours. I was in the club first in November 1999 and lasted almost a year in the club until the tech bubble popped! I did not rejoin the club until about five years lat...
by sschullo
Wed Feb 21, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Adviser said I made a big mistake switching 403b to Aspire??
Replies: 19
Views: 1707

Re: Adviser said I made a big mistake switching 403b to Aspire??

25 years ago when I was learning about using no-load mutual funds for my 403(b), I asked my insurance agent about that. She barked back loudly, "I never recommend mutual funds!" When I asked why, she said that "Mutual funds are too risky for teachers." That's what she said: I KID YOU NOT! Can you b...
by sschullo
Tue Feb 20, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Adviser said I made a big mistake switching 403b to Aspire??
Replies: 19
Views: 1707

Re: Adviser said I made a big mistake switching 403b to Aspire??

25 years ago when I was learning about using no-load mutual funds for my 403(b), I asked my insurance agent about that. She barked back loudly, "I never recommend mutual funds!" When I asked why, she said that "Mutual funds are too risky for teachers." That's what she said: I KID YOU NOT! Can you be...
by sschullo
Mon Feb 19, 2018 9:42 am
Forum: Investing - Theory, News & General
Topic: Is it "cute" to invest in sector funds?
Replies: 46
Views: 4374

Re: Is it "cute" to invest in sector funds?

if you think "cuteness" is watching and experiencing the "shock and awe" an initial investment of $400,000 and subsequent 403b contributions 100% into technology sectors and raise up to $1.5 million in five years with the last four months raising a half million all at once and then watching it colla...
by sschullo
Tue Feb 13, 2018 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody else Age - 10 in bonds, rest in stocks
Replies: 127
Views: 12913

Re: Anybody else Age - 10 in bonds, rest in stocks

Age 70
33/67 stock/bonds. Very conservative for over a decade and very happy with the results.
by sschullo
Tue Feb 13, 2018 6:46 am
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 12668

Re: Did you learn anything from the market correction?

Nothing new. We forget that two years ago, the market had its worst start of a new year performance in stock market history! Remember the talking heads! OMG! Armageddon has finally arrived they were proclaiming. Yet, my portfolio gained 6.0% in 2016 and 2017 9.0%, only because the market increased. ...
by sschullo
Tue Feb 13, 2018 6:37 am
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 19203

Re: For BHs who actually like cars - [what car do you drive every day?]

My Tesla Model S. Considering going totally sporty with the new Telsa's 2020 Roadster: https://www.netcarshow.com/tesla/2020-roadster/ I love the future!