Search found 6141 matches

by Fallible
Sat Feb 17, 2018 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 219
Views: 13212

Re: free dinner investing seminar

I can't believe how uptight you folks are. Do you think that you will be locked in a room and held hostage until you agree to meet with the salesperson?... The concern is for folks who go into these seminars vulnerable to sales pitches because they are poorly informed about investing and investing ...
by Fallible
Sat Feb 17, 2018 7:51 pm
Forum: Personal Consumer Issues
Topic: What has been your most important skill in achieving financial independence?
Replies: 71
Views: 2469

Re: What has been your most important skill in achieving financial independence?

I'm 22 years old, beginning my career and I'm curious to hear from other people closer to financial independence what have been some of the most important "non-financial" skills they attribute to their FI.... Curiosity and a love of learning (probably more traits than acquired skills) were among ba...
by Fallible
Fri Feb 16, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 219
Views: 13212

Re: free dinner investing seminar

... This pitch was "retirement planning" (really just financial planning). ... The didn't indicate specific fees, but I'm guessing that it would be a typical x% of AUM and their commissions on any insurance products. ... I wouldn't expect them to announce their fees and costs without being asked. D...
by Fallible
Fri Feb 16, 2018 3:06 pm
Forum: Investing - Theory, News & General
Topic: How Not to Get Rich - Mark Twain
Replies: 17
Views: 3250

Re: How Not to Get Rich - Mark Twain

By the end of his life, Twain seemed to understsnd his problem - and humanity's:
When you remember we are all mad, the mysteries disappear and life stands explained.
by Fallible
Wed Feb 14, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 219
Views: 13212

Re: free dinner investing seminar

Here's a FINRA (Financial Industry Regulatory Authority) alert posted a few years ago on free seminars: Investor Alerts "Free Lunch" Investment Seminars—Avoiding the Heartburn of a Hard Sell Investors frequently get invited to free seminars that promise to educate them about investing strategies or ...
by Fallible
Tue Feb 13, 2018 3:03 pm
Forum: Investing - Theory, News & General
Topic: Help me get my friends started
Replies: 6
Views: 510

Re: Help me get my friends started

Welcome and congratulations to you and your husband for getting off to a great start! Books and a wiki page I've recommended (after being asked!) to young relatives are William Bernstein's "If You Can," and the "Getting Started" page in the Bogleheads' wiki. https://www.etf.com/docs/IfYouCan.pdf htt...
by Fallible
Tue Feb 13, 2018 1:50 pm
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 6519

Re: Day trading for a living/career?

I guess you could say my husband "day trades" for a career. Not to brag, but this is his profile: - Graduate degree from MIT in computer science and math - 15 years of trading experience at major banks / investment houses - Support from whole teams of people who specialize in making sure he has the...
by Fallible
Tue Feb 13, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 155
Views: 10085

Re: Did you learn anything from the market correction?

After 30 years in the market beginning with the '87 crash, I doubt there is much more to learn about human behavior with money. It seemed even the best financial writers were a bit bored with the latest correction, maybe because it, or something, had been expected for so long.
by Fallible
Mon Feb 12, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 219
Views: 13212

Re: free dinner investing seminar

DrGoogle2017 wrote:
Mon Feb 12, 2018 4:23 pm
I don’t like to eat steak anyway, so steak dinner is not that exciting to me, now if it’s a big free lobster dinner then I might entertain it.
For free lobster, I probably still wouldn't go, but I'd sure think hard about it. :-)
by Fallible
Sun Feb 11, 2018 11:53 pm
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 103
Views: 4782

Re: how did you determine your risk tolerance?

These two paragraphs from Larry Swedroe's blog on willingness to take risk (risk tolerance) makes it clear that it is about understanding and controlling emotions. The first step in finding your willingness to take risk is to take what I refer to as the “stomach acid” test. Ask yourself this questio...
by Fallible
Sun Feb 11, 2018 9:31 pm
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 70
Views: 4021

Re: How does one emotionally keep it together during market swings?

... To those believing education is key are not completely correct. I believe it was Richard Thaler's co author on one of his books that wrote to him when the markets were shuddering saying he was getting jittery and was ready to pull out. I think Mr. Thaler's response was go re read the book we ju...
by Fallible
Sun Feb 11, 2018 7:22 pm
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 70
Views: 4021

Re: How does one emotionally keep it together during market swings?

thanks I just read some of your first posts on the forum which seem to show you are unusually well off for your age yet wrestle with substantial worries about the market. Here's one of those posts: "I have this fear like what if the markets go down and stay down. I'm very afraid of the system no lo...
by Fallible
Sun Feb 11, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 103
Views: 4782

Re: how did you determine your risk tolerance?

i just took vanguard's test: https://personal.vanguard.com/us/FundsInvQuestionnaire it's telling me to be 100% in stocks which i think it's absolutely insane. There is more information on the downsides to risk tolerance questionnaires and also links to Larry Swedroe's three blogs on need, ability, ...
by Fallible
Sat Feb 10, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Allegedly worst week since 2008: Time to revisit AA?
Replies: 10
Views: 1131

Re: Allegedly worst week since 2008: Time to revisit AA?

We are in mid 30s but have a 50/50 AA due to being pretty risk adverse and just for easy math. So far it's been working for us, but recent stock downturn has us thinking. I just read this could be the worst week since 2008. Back then we did have money in the market, but our net worth overall was ne...
by Fallible
Sat Feb 10, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 6519

Re: Day trading for a living/career?

... My question for this thread stems from, I have the opportunity to meet and speak with a successful day trader who makes his living doing this. ... I think with an aggressive learning period and watching and l earning from someone who is successful at it , one could possibly have a shot to be a ...
by Fallible
Thu Feb 08, 2018 4:45 pm
Forum: Investing - Theory, News & General
Topic: How to deal with regret
Replies: 87
Views: 7139

Re: How to deal with regret

About one year ago I invested quite a large sum of money in stocks over a few month period. Now I am seeing the gains being rapidly wiped out and I fear that I will soon begin to see some losses. Lauretta: In the past months, you have come on here asking (pumping?) about bitcoin, discussing (advoca...
by Fallible
Thu Feb 08, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 219
Views: 13212

Re: free dinner investing seminar

I went to one of these dinners one time. They served the dinner first, before the presentation. Of course the presentation was full of really great outcomes for your money. But, that was it. They gave out contact info. It was up to you to decide whether to call of not to set up an appt. There was n...
by Fallible
Thu Feb 08, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Laughter is the Best Medicine - What makes you Laugh?
Replies: 105
Views: 5573

Re: Laughter is the Best Medicine - What makes you Laugh?

Here's the first thing I thought of when I saw this thread: a great satire on the high cost of funerals with flawless timing from the great Mike Nichols and Elaine May (appearing on the old Jack Paar show). https://www.youtube.com/watch?v=cLkuNnnp89g Thank you for that I laughed just now and laughe...
by Fallible
Thu Feb 08, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 219
Views: 13212

Re: free dinner investing seminar

... The most common characteristic of these charlatans is their ability to instill fear in the audience. ... [/quote] Many of those attending will be fearful going in, but in case they aren't, this seminar's agenda appears designed to do the job, probably including or starting off with the latest m...
by Fallible
Wed Feb 07, 2018 6:03 pm
Forum: Investing - Theory, News & General
Topic: Stock Market Didn't Get Tested You Did - WSJ Zweig
Replies: 20
Views: 3748

Re: Stock Market Didn't Get Tested You Did - WSJ Zweig

Anyone who thinks this little 2-day drop was any kind of "test" of their risk tolerance is just plain deluded. I'd guess that most of the bozos running around out there didn't even notice it until it was over. Think about a grinding 50%+ loss in your equity portfolio that doesn't end for months or ...
by Fallible
Wed Feb 07, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: Stock Market Didn't Get Tested You Did - WSJ Zweig
Replies: 20
Views: 3748

Re: Stock Market Didn't Get Tested You Did - WSJ Zweig

Thanks for the article. Zweig is among top financial authors I turn to when the market goes mad if only to be reassured and reminded of what I already know - think long term, stay the course. I sought the same reassurance in the '90s and early '00s with Jonathan Clements when he was a WSJ columnist....
by Fallible
Wed Feb 07, 2018 3:02 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 4 Horsemen Of Your Portfolio
Replies: 107
Views: 10133

Re: Larry Swedroe: 4 Horseman Of Your Portfolio

Save more. If you can not save more, spend less. One can only do what they can, if they can't then we will have to do without or rely on the kindness of others. In preparation for retirement and now in retirement, I've read many articles and books on the issues Larry writes of, and your post here s...
by Fallible
Tue Feb 06, 2018 8:28 pm
Forum: Investing - Theory, News & General
Topic: Market Timing
Replies: 71
Views: 3614

Re: Market Timing

In his book, The Devil's Financial Dictionary , WSJ columnist Jason Zweig says backtesting can provide important information on how an investment approach worked in the past, but that too often it is "designed to find any technique ... that beat the market over some period, no matter how unusual th...
by Fallible
Tue Feb 06, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: Market Timing
Replies: 71
Views: 3614

Re: Market Timing

In his book, The Devil's Financial Dictionary , WSJ columnist Jason Zweig says backtesting can provide important information on how an investment approach worked in the past, but that too often it is "designed to find any technique ... that beat the market over some period, no matter how unusual th...
by Fallible
Tue Feb 06, 2018 7:41 pm
Forum: Personal Consumer Issues
Topic: Laughter is the Best Medicine - What makes you Laugh?
Replies: 105
Views: 5573

Re: Laughter is the Best Medicine - What makes you Laugh?

Calvin & Hobbes and The Far Side comics. They never get old. Add to that Cul de Sac. It is about prekindergarten kids. Unfortunately the artist (Richard Thompson) had to quit due to Parkinson's. Bertilak, I can sadly report that Thompson died of Parkinson's complications about two years ago, age 58...
by Fallible
Tue Feb 06, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: Laughter is the Best Medicine - What makes you Laugh?
Replies: 105
Views: 5573

Re: Laughter is the Best Medicine - What makes you Laugh?

Calvin & Hobbes and The Far Side comics. They never get old. Add to that Cul de Sac. It is about prekindergarten kids. Unfortunately the artist (Richard Thompson) had to quit due to Parkinson's. Bertilak, I can sadly report that Thompson died of Parkinson's complications about two years ago, age 58...
by Fallible
Tue Feb 06, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: Market Timing
Replies: 71
Views: 3614

Re: Market Timing

It is generally held that you cannot beat the market by timing it. Based on my studies, this appears to be true. Congrats! Good thing to realize. That being said, Uh oh. it seems to me that market timing (using a double moving average cross-over system) is worthwhile on a risk-adjusted basis. Yawn....
by Fallible
Tue Feb 06, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: Market Timing
Replies: 71
Views: 3614

Re: Market Timing

Bogleheads.org "Investing Advice Inspired By John Bogle" The Bogleheads® Philosophy Develop a workable plan Invest early and often Never bear too much or too little risk Never try to time the market Use index funds when possible Keep costs low Diversify Minimize taxes Keep it simple Stay the course...
by Fallible
Mon Feb 05, 2018 6:48 pm
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 245
Views: 188886

Re: A time to EVALUATE your jitters

eainge wrote:
Mon Feb 05, 2018 5:08 pm
Everyone have their seat belts fastened?
The time to fasten the seat belts is right after an asset allocation based on need, willingness, and ability to take risk is set and an IPS written.
by Fallible
Sun Feb 04, 2018 9:28 pm
Forum: Investing - Theory, News & General
Topic: Is this a form of Market Timing?
Replies: 36
Views: 2181

Re: Is this a form of Market Timing?

Assume one has a deductible IRA balance that he wants converted to a Roth. Would it be considered trying to "time the market" to wait for a market downturn to decrease the balance and pay lower taxes? You are market timing, but another question is how long you are willing to wait. Another is what y...
by Fallible
Sun Feb 04, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: Is this a form of Market Timing?
Replies: 36
Views: 2181

Re: Is this a form of Market Timing?

Why do you ask? Maybe a better question to ask is "Is this a behavioral finance error?" Rick Ferri wrote about market timing and behavioral error in this article, but I'm not sure how it might apply here: I divide market timing into two types: intentional timing and unintentional timing. Intentiona...
by Fallible
Sun Feb 04, 2018 4:51 pm
Forum: Investing - Theory, News & General
Topic: Is this a form of Market Timing?
Replies: 36
Views: 2181

Re: Is this a form of Market Timing?

Assume one has a deductible IRA balance that he wants converted to a Roth. Would it be considered trying to "time the market" to wait for a market downturn to decrease the balance and pay lower taxes? You are market timing, but another question is how long you are willing to wait. Another is what y...
by Fallible
Sun Feb 04, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2844
Views: 893132

Re: What Book Are You Currently Reading? Part VI

Don Quixote by Miguel de Cervantes, translated into English by Edith Grossman. Reputed to be the greatest novel of all time, in any language, and this is supposed to be one of the best English translations. (I'm studying Spanish but am not proficient enough to read it in the original, and certainly...
by Fallible
Thu Feb 01, 2018 5:59 pm
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 12609

Re: When did the bad news start in 2008?

There's really no need to rely solely on memory, sometimes faulty, of financial crisis dates. For quick reference, there are comprehensive timelines in Wikipedia:

https://en.m.wikipedia.org/wiki/Subprim ... _of_events
by Fallible
Thu Feb 01, 2018 1:59 pm
Forum: Investing - Theory, News & General
Topic: Is changing AA considered market timing?
Replies: 37
Views: 1482

Re: Is changing AA considered market timing?

Suppose I have a 90:10 stock bond allocation. If I think that market is too overvalued right now and if I want to change the future contributions to be allocated 50:50, with hopes that if the market tanks again, i can change AA again to a more aggressive one, will this be considered an attempt to t...
by Fallible
Tue Jan 30, 2018 3:08 pm
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 12609

Re: When did the bad news start in 2008?

[ ... There were reports of serious problems well before August. The term "subprime crisis" was already in the news in the spring of 2007: https://www.npr.org/templates/story/story.php?storyId=9085408 The article even notes fear that subprime defaults could impact the overall banking system. It's ju...
by Fallible
Sat Jan 27, 2018 10:11 pm
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 237
Views: 20489

Re: In what ways could BogleHeads be badly wrong ?

OK, #3 does sometimes bother me as well, though for perhaps the opposite reason as your example. I never liked "ability to sleep at night" as a criteria for setting asset allocation. It seems to me that education is a better solution than going with a "gut feeling" emotional response. I find the fr...
by Fallible
Fri Jan 26, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Don't market time...i know, i know.
Replies: 26
Views: 3769

Re: Don't market time...i know, i know.

I have a retirement date about 2 yrs from now. The markets are beyond my wildest imagination; more in my nest egg than I need. Is there a way to 'set some aside'? Sure, flame me, but I've been an invest and hold guy for 30 yrs. Never touched my 95% equities holdings even during 2007 era. Now stocks...
by Fallible
Fri Jan 26, 2018 8:07 pm
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 12609

Re: When did the bad news start in 2008?

... OP- when everyone (including the shoe boy) thinks that they can't lose in the market and that they will be rich soon, that's when it's bad news. Or when everyone starts thinking housing can only go up, up, up - an example of irrational exuberance that probably began in the early 2000s (at least...
by Fallible
Fri Jan 26, 2018 5:49 pm
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 12609

Re: When did the bad news start in 2008?

Hello All, Long-time lurker here and have been learning a lot from everyone in this forum, so thank you. I got into investing in Q3 last year with a simple 80/20 stocks/bonds portfolio and have been extremely happy with the returns so far in this extremely bullish market. I understand that the long...
by Fallible
Fri Jan 26, 2018 9:36 am
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Seasonal Main Meeting 1-27-18
Replies: 5
Views: 693

Re: Minnesota BH Seasonal Main Meeting 1-27-18

Agree the agenda looks great, with many learning opportunities on a variety of important investing topics. :thumbsup
by Fallible
Thu Jan 25, 2018 8:15 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday, Taylor!
Replies: 84
Views: 4053

Re: Happy Birthday, Taylor!

Happy Birthday, Taylor, and thanks for reminding us of the "Majesty of simplicity."
by Fallible
Thu Jan 25, 2018 8:03 pm
Forum: Personal Consumer Issues
Topic: Could meditation help deal with market distress?
Replies: 32
Views: 1759

Re: Could meditation help deal with market distress?

Mediation is often sold as a way of coping with stress, of learning to detach oneself from ones emotions (observe them, acknowledge them, then let them go). I'm wondering whether it might have some utility in a bear market to deal with the emotional distress caused by seeing half of your portfolio ...
by Fallible
Thu Jan 25, 2018 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking About Timing the Market
Replies: 75
Views: 5613

Re: Thinking About Timing the Market

... Trying to time the market seems anathema here. But at the same time, it seems to be perfectly acceptable for people to adjust their asset allocations to accommodate changes in life circumstances (anticipated retirement), or even just changes in subjective comfort with risk. So what's wrong with...
by Fallible
Tue Jan 23, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: First experience with Financial Advisor
Replies: 18
Views: 1996

Re: First experience with Financial Advisor

Today I spoke with a financial advisor concerning money in an account that was gifted to us from my wife's parents. It's a small amount by any measure, but I guess that's irrelevant. I had never spoken to a financial advisor before, but here is what he recommended: ... Have you read the wki page on...
by Fallible
Tue Jan 23, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: [Invested today, so] Here Comes the long awaited Correction
Replies: 9
Views: 2064

Re: Here Comes the long awaited Correction

I was holding onto new money to invest into the market last week. Waited patiently for a down day and just gave up today and invested it. I find it harder buying at these prices. So anyway.. tomorrow we should be seeing a huge correction. ... And if you are in it for the long term, who cares what t...
by Fallible
Mon Jan 22, 2018 6:24 pm
Forum: Personal Consumer Issues
Topic: Laughter is the Best Medicine - What makes you Laugh?
Replies: 105
Views: 5573

Re: Laughter is the Best Medicine - What makes you Laugh?

Laughter is such an interesting thing to me. Why is it that a certain situation or a series of sentences can generate such a reaction from within us? Why do these situations make us vibrate all over, smile, make loud noises, etc? What's especially interesting to me is that we all have a somewhat un...
by Fallible
Mon Jan 22, 2018 2:23 pm
Forum: Investing - Theory, News & General
Topic: The regular investor can now trade the stock market 24 hours a day with TD Ameritrade
Replies: 48
Views: 3058

Re: Day Trading vs. Stay-The-Course

Bogleheads: Day trading is for losers. Stay-the-course (assuming it is the right course) is for winners. Here is good evidence: "Odean and Barber tested over 66,400 investors between 1991 and 1997. Their findings: "The most active traders earned 7% less annually than buy-and-hold investors." https:...
by Fallible
Sun Jan 21, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: Laughter is the Best Medicine - What makes you Laugh?
Replies: 105
Views: 5573

Re: Laughter is the Best Medicine - What makes you Laugh?

Here's the first thing I thought of when I saw this thread: a great satire on the high cost of funerals with flawless timing from the great Mike Nichols and Elaine May (appearing on the old Jack Paar show).

https://www.youtube.com/watch?v=cLkuNnnp89g
by Fallible
Sun Jan 21, 2018 1:30 pm
Forum: Investing - Theory, News & General
Topic: "Why Simple Beats Complex"
Replies: 14
Views: 2505

Re: "Why Simple Beats Complex"

Some very good points by Ben Carlson in this article: Simple is harder . You have to fight to keep things simple because our natural human impulses make us susceptible to stories and narratives. Simplicity is more of a psychological exercise while complexity is more about trying to outsmart the com...