Search found 42 matches

by BalancedJCB19
Fri Jan 17, 2020 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Realized we made a major mistake and feeling really sick.
Replies: 162
Views: 12967

Re: Realized we made a major mistake and feeling really sick.

You may want to Google former employees of Enron, Worldcom, Polaroid, Valeant Pharma, etc. about how their stock options worked out. You don't mention your other retirement holdings, but unless you have literally millions in other retirement vehicles it was perfectly reasonable to cash out those $8...
by BalancedJCB19
Fri Jan 17, 2020 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Realized we made a major mistake and feeling really sick.
Replies: 162
Views: 12967

Re: Realized we made a major mistake and feeling really sick.

It could have also gone down. We can only live our life forward. Act like it never happened and be grateful for the large amount u have
by BalancedJCB19
Fri Jan 17, 2020 3:13 pm
Forum: Personal Investments
Topic: 95% equities at 60 need help transitioning to retirement
Replies: 25
Views: 2490

Re: 95% equities at 60 need help transitioning to retirement

No. Tax deferred. I hold an emergency fund in a simple savings account and invest via my 401k. I also paid off my mortgage.
Balanced funds are not ideal in taxable accounts
by BalancedJCB19
Fri Jan 17, 2020 12:40 pm
Forum: Personal Investments
Topic: 95% equities at 60 need help transitioning to retirement
Replies: 25
Views: 2490

Re: 95% equities at 60 need help transitioning to retirement

First to the OP, you may have been behind, but with what you have in there now, you are far ahead of many people your age. I know quite a few 60 year olds who have less than $200K. Jack Bogle has often said for most investors a simple balanced index fund will do the trick. You don't have to rebalanc...
by BalancedJCB19
Thu Jan 16, 2020 12:12 pm
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 205
Views: 27726

Re: Tributes to Jack Bogle

When I'm down and not feeling myself, I think of all the trials and tribulations that Jack went through (both professionally and personally, especially health wise). He never let it stop him and he Pressed on Regardless. That always keeps me going and I thank the stars above that I picked Jack as a ...
by BalancedJCB19
Thu Jan 16, 2020 1:04 am
Forum: Investing - Theory, News & General
Topic: Are you a closet market-timer?
Replies: 85
Views: 4600

Re: Are you a closet market-timer?

Well being my entire portfolio is in the Vanguard Balanced Index Fund, I am as Stay the Course as one can get. Most of the time I don't even look at it. This portfolio is a win-win. It helps me sleep at night, it protects me against myself and I don't even have to give it TLC. It does all the heavy ...
by BalancedJCB19
Sun Jan 12, 2020 4:41 pm
Forum: Personal Investments
Topic: 30/70 in Accumulation Phase?
Replies: 79
Views: 7201

Re: 30/70 in Accumulation Phase?

Maybe this is a dumb question... Why not just go 100% Wellesley, and be done with it? Set and forget. Can anyone tell me if this would be a bad idea, say for the OP, who is considering going 30/70? Nothing wrong at all. I'm personally a fan of the 60/40 Vanguard Balanced Fund for life!! I have been...
by BalancedJCB19
Sun Jan 05, 2020 10:58 am
Forum: Investing - Theory, News & General
Topic: 100% total stock index funds until I retire?
Replies: 72
Views: 7019

Re: 100% total stock index funds until I retire?

I like JL Collins and he is definitely a Boglehead in his investing approach. The problem with this approach is that you may feel like you can handle 100% stocks in theory and at the current age you are, but as we get older, we tend to get more fearful and you may want to add some bonds much sooner ...
by BalancedJCB19
Thu Dec 26, 2019 8:58 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 493
Views: 62352

Re: Jack Bogle - Two Fund Portfolio

Bogleheads, Jack Bogle often recommends a simple investment portfolio of Total Stock and Total Bond. He has also recommended a simple Balanced Index fund. I have family that invest in the simple two fund portfolio that Jack recommends and are very satisfied with the simplicity and investment result...
by BalancedJCB19
Wed Dec 25, 2019 12:53 pm
Forum: Investing - Theory, News & General
Topic: Golden Dragonfly Portfolio - A Real World Experiment
Replies: 53
Views: 3976

Re: Golden Dragonfly Portfolio - A Real World Experiment

As for me, I like the Bogle Model. Vanguard Balanced Index Fund for life. Good night, sleep tight!!

Right now I'm seeing some real good times with this model (Rate of return 10.3% As of 11/30/2019), however, I will continue to hold through thick and thin (especially through thin).
by BalancedJCB19
Sun Dec 22, 2019 10:51 am
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 153
Views: 17050

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.

55 my IRA is all in the Vanguard Balanced Index Fund and I just started with a new company last year and have 22K in the Vanguard Target Retirement 2025 fund. I would like to retire at 60 and at that point I will move everything into the balanced index and stay that way for life. I feel I was very c...
by BalancedJCB19
Sat Dec 21, 2019 10:40 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1245
Views: 165065

Re: Post your Financial Milestone Announcements Here

VAslim16 wrote:
Sat Dec 21, 2019 8:21 am
Well done JCB. Impressive accomplishment. Proud of you for being disciplined for that time. Enjoy it.
Thanks!
by BalancedJCB19
Sat Dec 21, 2019 10:39 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1245
Views: 165065

Re: Post your Financial Milestone Announcements Here

Just got the good news that S2 (of 2) graduated early (saving me a semester of college tuition). S1 spent more than expected so it was a wash but it’s over ! Tuition is done. I am not really sure when to say one reached FI, but this sure seems like a major step having savings after this milestone, ...
by BalancedJCB19
Sat Dec 21, 2019 10:37 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1245
Views: 165065

Re: Post your Financial Milestone Announcements Here

I started investing at 31. My wife never invested because she was in a low paying job. I am currently 55 and my wife is 59. My IRA is currently at $867K and my house is fully paid for. I also have 30K in my 401K. My goal was always $1 million and from where I stand I'm pretty close. Congratulations...
by BalancedJCB19
Sat Dec 21, 2019 8:21 am
Forum: Investing - Theory, News & General
Topic: Recommendations of 100% stock lately
Replies: 246
Views: 17410

Re: Recommendations of 100% stock lately

I have never been 100% stocks because I would probably lose sleep. I hope people who hold 100% stocks can handle the next downturn. I'm not saying 100% stocks is the wrong choice, I know it's just not for me. I have always followed the Balanced Approach which has worked and I'm satisfied with the re...
by BalancedJCB19
Sat Dec 21, 2019 8:16 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 284
Views: 34571

Re: What is your AA, given your age? and, Why?

55 Balanced Index Fund which is a static 60/40. I have always felt comfortable with the balanced approach even when I was young I always had a 65/35 to 70/30 AA. At this point, my AA will remain the same for the rest of my life, meaning, I will hold the Balanced Index forever.
by BalancedJCB19
Sat Dec 21, 2019 8:12 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1245
Views: 165065

Re: Post your Financial Milestone Announcements Here

I started investing at 31. My wife never invested because she was in a low paying job. I am currently 55 and my wife is 59. My IRA is currently at $867K and my house is fully paid for. I also have 30K in my 401K. My goal was always $1 million and from where I stand I'm pretty close. Congratulations ...
by BalancedJCB19
Sat Dec 21, 2019 7:55 am
Forum: Investing - Theory, News & General
Topic: You’re never going to make enough money if you have 40% of your money in bonds
Replies: 186
Views: 16594

Re: You’re never going to make enough money if you have 40% of your money in bonds

I have been in the Vanguard Balanced Index Fund for a long time. Account is close to 900K. I just looked at the returns and I believe it is around 10%. Investing does not get much better. I'm 55 and close to having 900K following Jack's advice and holding the Balanced Index Fund for life. I bet you...
by BalancedJCB19
Fri Dec 20, 2019 11:32 am
Forum: Investing - Theory, News & General
Topic: You’re never going to make enough money if you have 40% of your money in bonds
Replies: 186
Views: 16594

Re: You’re never going to make enough money if you have 40% of your money in bonds

I have been in the Vanguard Balanced Index Fund for a long time. Account is close to 900K. I just looked at the returns and I believe it is around 10%. Investing does not get much better. I'm 55 and close to having 900K following Jack's advice and holding the Balanced Index Fund for life.
by BalancedJCB19
Sat Nov 30, 2019 5:21 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 493
Views: 62352

Re: Jack Bogle - Two Fund Portfolio

I used to know someone who loved the balanced index fund and had their entire net worth in it. They did very well and never had to fuss with it.
by BalancedJCB19
Sat Nov 30, 2019 2:39 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says 30 years Roth IRA to 1.3 million?
Replies: 239
Views: 20892

Re: Dave Ramsey says 30 years Roth Ira to 1.3 million?

Dave has been known to have unrealistic return expectations. Yeah, for some reason, he uses this number and unfortunately, he can not admit this is not realistic and just keeps convincing people this is what they will get. I feel bad for many people who are counting on these numbers. There are goin...
by BalancedJCB19
Fri Nov 29, 2019 5:32 pm
Forum: Personal Consumer Issues
Topic: Best Albums of 2019
Replies: 41
Views: 3934

Re: Best Albums of 2019

The Bad Boys Choir - Never let them eat Bin Bin's Great Escape - You can have my sloppy seconds Jasper Cricket - Born poor, holes in my shoes Die Antword - Tension Liquid Dream - Lick my Apps Selling Death - Rap Ganger and the gamer boys Don't let me be lonely tonight - Jack Black and the zero sum g...
by BalancedJCB19
Fri Nov 29, 2019 4:47 pm
Forum: Investing - Theory, News & General
Topic: Why don't we look at economic statistics?
Replies: 44
Views: 2697

Re: Why don't we look at economic statistics?

If you are going to change your asset allocation due to forces beyond your control, you are going to have a very long and hard investing life. If you simply pick an asset allocation that you can live with through all kinds of weather and just ignore the noise, ignore the economy and stop looking at ...
by BalancedJCB19
Sun Nov 03, 2019 10:05 am
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 630
Views: 86638

Re: Flaunt Your High-Mileage Car

119,000 miles - 2009 Nissan Versa bought new (Daily driver) - Actually it is my only car. I has been hit while parked twice and I had two accidents in it. Still going strong. The AC is blowing hot air, so I will need to fix that. I'm hoping to own it long enough to save for the brand new model.
by BalancedJCB19
Wed Oct 30, 2019 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 82926

Re: Why are you NOT buying rental properties?

I have seen so many people get badly burnt because they did not know what they were doing. My Mom lost a lot and my friend had freeloaders renting his place and he could not get them out. By the time he was able to get them out they destroyed the place and it took a lot of money to fix what they des...
by BalancedJCB19
Sun Oct 20, 2019 8:50 am
Forum: Personal Consumer Issues
Topic: Wallets [Do you carry a wallet?]
Replies: 102
Views: 9077

Re: Wallets [Do you carry a wallet?]

I'm not a label guy, but my wife bought me a Couch Wallet and a Citizen Eco Drive Watch for our 25th anniversary and I consider those two items very important to me, so I will always carry that wallet and wear that watch. I tried the new slim wallet's years ago and truthfully they were not for me. I...
by BalancedJCB19
Sat Oct 19, 2019 12:33 pm
Forum: Investing - Theory, News & General
Topic: Is the 60/40 portfolio allocation strategy being killed?
Replies: 142
Views: 16461

Re: Is the 60/40 portfolio allocation strategy being killed?

I will stick with my Balanced Index Fund and when I let the noise get to me, I will go back and read The Little Book of Common Sense Investing (updated edition) by John Bogle. He has a chapter entitled when the good times no longer roll and at the end he praises the Balanced Index Fund as a low cost...
by BalancedJCB19
Thu Oct 17, 2019 12:06 pm
Forum: Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 40
Views: 7181

Re: Vanguard Personal Advisor Services

I keep getting letters from Vanguard about calling them about this. Not sure how they can help me. I hold the Balanced Index Fund and plan to hold it for life. In my case, even the small amount they charge would not be worth it.
by BalancedJCB19
Sun Oct 13, 2019 5:24 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on clothing?
Replies: 38
Views: 2798

Re: How much do you spend on clothing?

I'm not a professional but I do work in an office setting. As far as clothes go, I bought into the minimalist movement years ago. I own 6 of the same pair of pants and the same with dress shirts and polo shirts. All black. All my clothes were purchased on Amazon and are part of the Amazon Essentials...
by BalancedJCB19
Sun Oct 13, 2019 11:04 am
Forum: Personal Consumer Issues
Topic: How to prevent shoe creases?
Replies: 18
Views: 2073

Re: How to prevent shoe creases?

It all depends on the shoes, but I would use shoe trees. I am lucky, I'm a minimalist and wear inexpensive shoes that look expensive and I own a uniform wardrobe. I don't care what people think of me or my clothes. However, I am still sane enough to realize that in a professional job environment, yo...
by BalancedJCB19
Sun Oct 13, 2019 10:53 am
Forum: Investing - Theory, News & General
Topic: How often do you look at your IRA or 401K Balances
Replies: 71
Views: 6124

How often do you look at your IRA or 401K Balances

In an all-out effort to ignore the market noise and Stay the Course, I decided to take Jack Bogle's advice and not look at my account balances. I was pretty much looking at it daily which served no purpose except to get me excited when my balance was up and upset when my balance was down. I'm 55 and...
by BalancedJCB19
Sun Oct 13, 2019 10:48 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4209
Views: 1213630

Re: What Book Are You Currently Reading? Part VI

The Institute by Stephen King
by BalancedJCB19
Tue Oct 08, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 6573

Re: Tactics to pay off Mortgage Early??

I paid off mine 12 years earlier than scheduled. Whatever extra I had each month, even if it was $100 I sent it to the principal. I got a tax refund of roughly $5,000 to 6,000 per year and that went to the principal. I agree it is a great goal and the level of freedom is really nice. I was one of th...
by BalancedJCB19
Tue Oct 08, 2019 9:16 am
Forum: Investing - Theory, News & General
Topic: IRA Withdrawal Question
Replies: 2
Views: 379

IRA Withdrawal Question

My wife turns 60 in March. I am 55. If she is the beneficiary on my IRA can she start take penalty free withdrawals?

This is a traditional IRA not a Roth.

Thanks for any information.
by BalancedJCB19
Fri Oct 04, 2019 12:01 pm
Forum: Personal Investments
Topic: 100% Stock too Aggressive in 401k Plan?
Replies: 40
Views: 2656

Re: 100% Stock too Aggressive in 401k Plan?

I think 100% is perfectly reasonable for your age. I wish I would have done that when I was that young. I got off to a late start (late 30s) and always held bonds. If I had to do it all over again, I would be 100% stocks until my 401K was more than two years worth of my income.
by BalancedJCB19
Fri Oct 04, 2019 11:59 am
Forum: Investing - Theory, News & General
Topic: Balanced or Target
Replies: 3
Views: 633

Balanced or Target

If given the choice to have the Balanced Index Fund or the Target Retirement Fund, which would you choose and why. I have read that the late Jack Bogle really liked and promoted the Balanced Index, but it also seems that many 401K plans seem to side with the Target Retirement. I'm kind of torn betwe...
by BalancedJCB19
Sun Sep 29, 2019 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Used Car websites
Replies: 9
Views: 1210

Re: Used Car websites

Thanks everyone. I am looking for a Nissan Versa because I drive a 09 now and it has been great to me. I don't care about fancy or status, I care about inexpensive and reliable, so it more then fits the bill.
by BalancedJCB19
Sun Sep 29, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Used Car websites
Replies: 9
Views: 1210

Used Car websites

I was wondering how good sites like Car Gurus, Carmax, etc. are for buying a used car. I'm looking to buy a two to three year old car with lower mileage. I no longer want to lose my money the minute I drive off the lot. Monday through Friday I do nothing but local driving but on some weekends I occa...
by BalancedJCB19
Sun Sep 29, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 109
Views: 18812

Re: Success stories of NOT buying more/too much house

We are happy in our current home but I actively am trying to fight lifestyle creep. Sq footage is fine for current house with 2 kids and we have done nice reno to the house. Would ideally like more land but the houses we are looking at would be 2-3x the cost of our current house (which we can affor...
by BalancedJCB19
Mon Jul 29, 2019 12:50 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 233
Views: 33638

Re: Hitting The Sell Button

Hi Ned. I am close to your age and I am 100% in the Vanguard Balanced Index Fund. I don't have to worry about rebalancing because Vanguard does it for me. I agree, these are not bad problems to have. :beer