Search found 1809 matches

by mlebuf
Fri Aug 03, 2018 1:57 am
Forum: Personal Finance (Not Investing)
Topic: Is there a Boglehead way of running a business?
Replies: 19
Views: 2076

Re: Is there a Boglehead way of running a business?

I ran a one-person business, writing books, speaking and consulting. My formula was very simple: High hopes and low overhead. When other speaker/consultants asked me about my staff, I replied, "Where I work, staff is an infection." Everything I needed done that I could not do was outsourced as neede...
by mlebuf
Sat Jul 28, 2018 10:28 pm
Forum: Personal Consumer Issues
Topic: Regret Public School?
Replies: 75
Views: 5464

Re: Regret Public School?

I went to one of the BEST public schools in America, and here are my observations... The real issue is HOW MUCH TIME can the parents spend with their kids reinforcing what was learned in school. How motivated and disciplined are the kids... Show me a kid that will study and NOT watch TV and play on...
by mlebuf
Tue Jul 24, 2018 1:41 am
Forum: Personal Consumer Issues
Topic: Dealing with HOA Notice
Replies: 118
Views: 9505

Re: Dealing with HOA Notice

If you have visual proof that those alleged violations were there when you purchased the house 5 years ago, they will have a very tough time getting an enforcement in court. As for the AC wire, it's likely that homes in your community put up holiday lights with exposed wires too. If they come down o...
by mlebuf
Mon Jul 23, 2018 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17049

Re: Salary vs. Lifestyle

At every opportunity, I have chosen lifestyle. Once I made enough to pay my expenses and save, I chose shorter commute, predictable and reasonable hours, more vacation, and better benefits over more pay. That sums up the way I chose to live my life. My initial choice was to be an academic because I...
by mlebuf
Wed Jul 18, 2018 1:40 am
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 433
Views: 55382

Re: Flaunt Your High-Mileage Car

2002 Cadillac DeVille DTS purchased new on Sept. 6, 2002. Odometer turned 100,000 miles last week. There is more to the story: This past March, I was sitting in traffic waiting for a stoplight to change. A car two cars behind mine slammed the car in back of me. The car in back of mine hit my car whi...
by mlebuf
Fri Jul 13, 2018 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 6791

Re: Dave Ramsey made me laugh today

Back in 2002, Taylor made the following post on the Vanguard Diehards Forum. I keep it on my desktop as a reminder that as one approaches retirement age, it is very important to have a balanced portfolio that includes a hefty percentage of bonds. Vanguard Diehards Conversations # 21469 Bear Market D...
by mlebuf
Thu Jul 12, 2018 7:49 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 14991

Re: COMING SOON: BOGLEHEADS PODCASTS

Let’s shoot for brevity. Titles such as “The Bogleheads Podcast for Better Investment Returns” are too long. Three words or less would be ideal. "The Boglehead Edge," or "The Boglehead's Edge." A great title, product name, etc. is usually a simple promise of the benefits stated in as few words as p...
by mlebuf
Thu Jul 12, 2018 4:30 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 14991

Re: COMING SOON: BOGLEHEADS PODCASTS

"Boglehead Bytes," "Bogleheads Speak" or simply "Bogleheads on Investing." I believe it's important to keep Bogleheads in the title.
by mlebuf
Sat Jun 23, 2018 1:22 am
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday Mel Lindauer
Replies: 22
Views: 1451

Re: Happy Birthday Mel Lindauer

Happy birthday Mel! Hope you had a great one.
by mlebuf
Fri Jun 22, 2018 6:04 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 161
Views: 15158

Re: Did you celebrate when you finally hit $1m?

My net worth crossed the $1 million mark at the end of 1991. I had a 50th birthday coming up at the end of February. A few weeks before my birthday I signed a book contract that came with a very surprising multi-six-figure advance. I had paid off my house and had no debt. I thought to myself, "OMG! ...
by mlebuf
Thu Jun 21, 2018 3:05 am
Forum: Investing - Help with Personal Investments
Topic: Bar Mitzvah Money Investing Ideas
Replies: 21
Views: 1923

Re: Bar Mitzvah Money Investing Ideas

Hi Sruliz, You are doing a wonderful thing by teaching your son the basics of investing at such an early age. At his very young age he has so much time to compound that $15,000 into an enormous sum of money. The first thing I would do is introduce him to an online compound interest calculator such a...
by mlebuf
Fri Jun 15, 2018 2:55 pm
Forum: Personal Consumer Issues
Topic: Apple MacBook Air On Sale $699
Replies: 48
Views: 5395

Re: Apple MacBook Air On Sale $699

We have 4 Macs. One of them is a 2011 Macbook Air that works fine and never given me a bit of trouble. In January of this year I bought a new Macmini. Big mistake. Takes 3 minutes to boot and forever for apps to load. Apple is giving me full credit toward exchanging it for an iMac. Apple's telephone...
by mlebuf
Mon Jun 04, 2018 1:12 am
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 14332

Re: Can Retired 60 yo MD, MBA Start a Law Career?

"I was a PhD student for a while and academia sucks, I don't care if it's law or something else. Lots of politics, people fighting over little things, cliques, etc. The worst." I admit I haven't considered these sorts of factors, except to assume that they are more or less the same in every setting...
by mlebuf
Sun Jun 03, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 5234

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

I moved from the heat and humidity of New Orleans to the dry heat of Phoenix over 22 years ago. If I had it to do all over, I'd do it again in a heartbeat. Here's the difference: With heat and humidity, you drip from perspiration all summer. Heat/humidity is an energy drainer. Dry heat combined with...
by mlebuf
Fri Jun 01, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 13912

Re: Best Advice You Never Took

Over 30 years ago, I knew nothing about investing. I started making money and called a knowledgable guy I knew to ask for his advice on how to invest. He said, "It's real simple. Just buy Berkshire Hathaway." That seemed like putting too many eggs in one basket so I ignored his advice. :oops: This h...
by mlebuf
Mon May 28, 2018 3:15 am
Forum: Local Chapters and Bogleheads Community
Topic: MEMORIAL DAY 2018
Replies: 28
Views: 2758

Re: MEMORIAL DAY 2018

Hi Taylor and all,

Here is a fitting tribute to those who gave their lives, and those who would have, so that we may live in peace and freedom:
https://www.youtube.com/embed/eEs4ke7cdNQ
by mlebuf
Thu May 24, 2018 4:28 am
Forum: Local Chapters and Bogleheads Community
Topic: Arizona Chapter
Replies: 53
Views: 5287

Re: Arizona Chapter

Our chapter is off to a great start. I was very favorably impressed by everyone who attended. Thank you, Mark for getting the ball rolling on something I believe will be very special. If any of you who attended last week's meeting want to meet for coffee or lunch (dutch treat) in the Scottsdale area...
by mlebuf
Sun May 20, 2018 3:14 am
Forum: Investing - Theory, News & General
Topic: Bogle featured in Barrons cover story
Replies: 38
Views: 3940

Re: Bogle featured in Barrons cover story

I take exception with this paragraph in the article: Thus began Bogle 2.0: Author, speaker, and champion of the individual investor. At Vanguard, he maintained an office with an analyst and an assistant. He often invited employees to eat with him at the cafeteria. Yet it was quite a comedown for som...
by mlebuf
Fri May 11, 2018 12:31 am
Forum: Local Chapters and Bogleheads Community
Topic: Arizona Chapter
Replies: 53
Views: 5287

Re: Arizona Chapter

Bump. Initial meeting is less than a week away.
by mlebuf
Wed May 09, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: [Golf ball] cracked my house window. Do I have any recourse?
Replies: 68
Views: 7576

Re: Gold ball cracked my house window. Do I have any recourse?

Living overlooking a golf course and not expecting damage is like living with a swimming pool that overlooks a golf course and expecting privacy. I have a friend whose home overlooks a golf course. The walls on his patio have numerous dents the diameter of a golf ball. The simplest and probably chea...
by mlebuf
Thu Apr 26, 2018 9:13 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Perils Of Old Age
Replies: 94
Views: 11707

Re: Larry Swedroe: Financial Perils Of Old Age

Another article on how doctors die: http://www.zocalopublicsquare.org/2011/11/30/how-doctors-die/ideas/nexus/ Also, my friend Hattie Bryant has written a wonderful book and done a PBS special on how we can manage the final chapter of our lives to make the passage as peaceful and painless as possible...
by mlebuf
Thu Apr 26, 2018 5:53 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Perils Of Old Age
Replies: 94
Views: 11707

Re: Larry Swedroe: Financial Perils Of Old Age

Along similar lines, I recommend this article from a few years ago: https://www.theatlantic.com/magazine/archive/2014/10/why-i-hope-to-die-at-75/379329/ Why I Hope to Die at 75. (He's a staunch opponent of physician assisted suicide, incidentally.) The author of that essay might want to check with ...
by mlebuf
Sat Apr 21, 2018 3:08 am
Forum: Personal Consumer Issues
Topic: Bose quiet comfort noise cancelling headphones
Replies: 10
Views: 1764

Re: Bose quiet comfort noise cancelling headphones

I am on my second pair of Bose noise cancelling headphones. The first pair worked well for well over 10 years. After many years of good use I had problems with them. I took them to the Bose outlet store in the area for repair. They took the old pair and sold me a new pair at a greatly reduced price....
by mlebuf
Fri Apr 20, 2018 9:59 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 10170

Re: NYT article: Everyone should hire a financial planner

In my opinion the real issue is not the damage you might suffer if you don't seek professional advice. The real issue is the all too great likelihood you will suffer severe financial damage because you sought advice. There are very few areas of life where asking for help is more likely to hurt you ...
by mlebuf
Sat Apr 14, 2018 6:07 pm
Forum: Local Chapters and Bogleheads Community
Topic: Arizona Chapter
Replies: 53
Views: 5287

Re: Arizona Chapter

Somewhere in Greater Phoenix is the logical place to hold chapter meetings. The population of AZ is 7 million and 4.7 million live in Greater Phoenix. As for how meetings can be conducted, that's for the group to decide if/when we get started. Here are some suggestions: https://www.bogleheads.org/fo...
by mlebuf
Fri Apr 13, 2018 11:02 pm
Forum: Local Chapters and Bogleheads Community
Topic: Arizona Chapter
Replies: 53
Views: 5287

Re: Arizona Chapter

Count me in. I hope it comes to pass.
by mlebuf
Thu Apr 12, 2018 2:05 am
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 251
Views: 37419

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

Being white collar or blue collar has nothing to do with accumulating wealth. The ability to save and knowing the simple basics of investing are infinitely more important.
by mlebuf
Thu Apr 12, 2018 1:59 am
Forum: Investing - Help with Personal Investments
Topic: 29 YO With a big windfall. Invest or Pay off the mortgage?
Replies: 17
Views: 2675

Re: 29 YO With a big windfall. Invest or Pay off the mortgage?

I suspect that in a few years people will look at your 3.6% mortgage and say, "Those were the good old days." For years interest rates have been kept artificially low and those days are likely coming to an end. When I bought my first home in 1975, the best, fixed interest rate I could get was 8.5%. ...
by mlebuf
Tue Apr 10, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 14679

Re: Ivy school education. Is it worth it?

RollTide31457 wrote:
Tue Apr 10, 2018 11:16 am
Wouldn’t even consider a school that is not competitive in the BCS.

+1
by mlebuf
Mon Apr 09, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 14679

Re: Ivy school education. Is it worth it?

Some emprical research may provide some answers to the question. The study is over
20 years old but likely still valid.

http://www.newsweek.com/worthless-ivy-league-167702
by mlebuf
Mon Apr 09, 2018 1:04 am
Forum: Personal Consumer Issues
Topic: Regrets of the frugal and dying?
Replies: 62
Views: 9336

Re: Regrets of the frugal and dying?

Here's an article on the top 5 regrets of the dying: http://www.aarp.org/relationships/grief ... ing.2.html
by mlebuf
Fri Apr 06, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 17524

Re: What can we learn from secret millionaires.

I live in a gated community with all homes worth over $1 million. Years ago, when homes in the community were selling in the $800K - $1.4 million range, I refinanced the mortgage when interest rates dropped. When the broker came over to finalize the paperwork, he told me, "Most of the people who liv...
by mlebuf
Thu Mar 29, 2018 3:16 am
Forum: Investing - Help with Personal Investments
Topic: Freshly Minted Boglehead
Replies: 17
Views: 1440

Re: Freshly Minted Boglehead

Hi Arinbjorn, Welcome to the forum. As a co-author of the "Bogleheads' Guide..." I'm delighted that it set you on the right path. Someday when you are financially independent, and you will be, you will look back on those hard times and realize that they helped mold you in to the successful person yo...
by mlebuf
Fri Mar 23, 2018 2:39 am
Forum: Personal Finance (Not Investing)
Topic: Losing friends/family when wealthy
Replies: 118
Views: 11170

Re: Losing friends/family when wealthy

Between the ages of 46 and 50, my net worth took a substantial jump from having a day job to financial independence. I noticed no change in friends. Some of the friends I stay in touch with go back as far as middle school. Their or my economic status have no bearing on our friendship. We enjoy each ...
by mlebuf
Sat Feb 24, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads: What are you doing to prepare for dementia/alzheimers?
Replies: 60
Views: 6144

Re: Bogleheads: What are you doing to prepare for dementia/alzheimers?

Read "I'll Have It My Way" by Hattie Bryant. It's an excellent book on preparing for end of life care.

https://www.amazon.com/Ill-Have-My-Way- ... tie+bryant
by mlebuf
Mon Feb 19, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I payoff my Mortgage?
Replies: 25
Views: 1804

Re: Should I payoff my Mortgage?

Hi Calculus ++, If I had a mortgage rate of 2.75 percent, I would not pay a dime more than the monthly payment. When the rate of inflation and possible mortgage tax deduction are figured in, that's almost like or better than interest-free money. Interest rates are trending up and your lender would L...
by mlebuf
Sun Feb 18, 2018 4:21 am
Forum: Personal Consumer Issues
Topic: Scottsdale, AZ - 2 day business trip
Replies: 23
Views: 2054

Re: Scottsdale, AZ - 2 day business trip

I moved to the Scottsdale area 22 years ago from New Orleans. I discovered it on business trips and decided that this was best place for me to spend the rest of my life. No regrets whatsoever. When friends are in town and have a limited amount of time, I take them to visit and walk around the ground...
by mlebuf
Mon Feb 05, 2018 2:37 am
Forum: Investing - Theory, News & General
Topic: Nassim Taleb on Bitcoin
Replies: 21
Views: 3768

Re: Nassim Taleb on Bitcoin

I just found an excellent and common sense column on Bitcoin. Those who don't learn the lessons of history are likely to repeat it.

https://assetbuilder.com/knowledge-cent ... ignore-you
by mlebuf
Mon Feb 05, 2018 2:22 am
Forum: Investing - Theory, News & General
Topic: Nassim Taleb on Bitcoin
Replies: 21
Views: 3768

Re: Nassim Taleb on Bitcoin

The late Peter Drucker had this advice for forecasters: Predict something that will happen in 100 or more years. That way you will be dead by the time people discover that you were wrong. "Forecasting is very difficult, especially when it involves the future." - Attributed to both Casey Stengel and ...
by mlebuf
Tue Jan 30, 2018 5:58 pm
Forum: Investing - Theory, News & General
Topic: [Bogleheads' Guide to Investing - Is this calculation correct?]
Replies: 8
Views: 1308

Re: [Bogleheads' Guide to Investing - Is this calculation correct?]

Hi Poisjr,

Thank you for pointing out the error. The correction has been noted, the publisher notified and the corrected version will appear in all future printings.
by mlebuf
Fri Jan 12, 2018 3:16 pm
Forum: Investing - Theory, News & General
Topic: If I have a million with Edward Jones, in 10 years, how much money has my FA made off me?
Replies: 48
Views: 7125

Re: If I have a million with Edward Jones, in 10 years, how much money has my FA made off me?

Lest we forget, Bill Bernstein addresses this very topic on his website. I have sent this page to numerous investors with actively managed funds:

http://www.efficientfrontier.com/ef/996/broker.htm
by mlebuf
Thu Jan 04, 2018 3:59 am
Forum: Personal Finance (Not Investing)
Topic: Motivational stories
Replies: 5
Views: 933

Re: Motivational stories

Congratulations on that great comeback! Most people's peak earning years are from 45-55 so you have many good earning years ahead. The key to becoming financially independent lies in living beneath your level of income. The more you save and invest, the sooner you will become work optional. Good luck.
by mlebuf
Thu Dec 21, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do you include your house in your net worth if you own it outright?
Replies: 89
Views: 7486

Re: Do you include your house in your net worth if you own it outright?

We own our house outright and include in our net worth. To be conservative, I estimate the value at 80 percent of what Zillow says it is. The only other assets I add to our net worth are cash and liquid investments. Clothes, jewelry, cars, etc. are not included.
by mlebuf
Tue Dec 19, 2017 1:26 am
Forum: Personal Consumer Issues
Topic: Office Chair Recommendations (Aeron?)
Replies: 38
Views: 3532

Re: Office Chair Recommendations (Aeron?)

After getting 18+ years of use from my Aeron Chair, I learned that the Aeron has been redesigned and upgraded in 2016. I bought the new model and it arrived last Thursday. The new model with the remastered posturefit support makes for a much more comfortable chair and provides better back support. I...
by mlebuf
Fri Dec 15, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: LTC policy increase - keep, reduce coverage or ditch?
Replies: 18
Views: 1768

Re: LTC policy increase - keep, reduce coverage or ditch?

Hi Pretzel lover, Late 50's is an ideal time to buy/carry LTC coverage. You both are likely in good health and don't have any pre-existing conditions that may disqualify you in coming years. Pre-existing conditions might later disqualify you from being able to purchase LTC and you can be sure it wil...
by mlebuf
Wed Dec 13, 2017 1:54 am
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 293
Views: 24721

Re: Do people still use AAA?

We have been AAA subscribers for years and found it quite handy. We live in Arizona and the desert is very hard on car batteries. When a battery goes dead, we call AAA, they come out to wherever we are, with a new battery, install it, if needed and the problem is solved. They have many other service...
by mlebuf
Sun Dec 10, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 123
Views: 14638

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

1. Life is 20 percent doing smart things and 80 percent not doing dumb things. 2. The best lives, careers, families, retirements, etc. are planned. Good luck happens when opportunity meets preparation. 3. Whoever said that money is the root of all-evil was either a fool or a con artist. Lack of mone...
by mlebuf
Wed Dec 06, 2017 3:41 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Bitcoin & It’s Risks
Replies: 57
Views: 5783

Re: Larry Swedroe: Bitcoin & It’s Risks

Never invest in anything you don't understand or can't explain to a 12 year-old. Following this simple rule will save you from a world of hurt.