Search found 6017 matches

by Fallible
Thu Oct 19, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Help me convince my parents to leave their advisor
Replies: 11
Views: 1200

Re: Help me convince my parents to leave their advisor

Welcome to the forum. I may have missed it, but I don't see anything from your parents that would indicate how they feel about leaving EJ, or managing their own money, or whether they understand investing well enough to do so. Nor is there indication how they might respond to your advice to make a c...
by Fallible
Thu Oct 19, 2017 1:51 pm
Forum: Investing - Theory, News & General
Topic: Is a crash coming soon?
Replies: 35
Views: 2502

Re: Is a crash coming soon?

Hi everyone! Rather new to the forum here. If im not wrong, bogleheads believe that: 1. There's no way to predict what will happen to the market in the short term 2. Past history is not an absolute indicator for future performance/what will happen But just by looking at this very "unscientifically"...
by Fallible
Thu Oct 19, 2017 9:21 am
Forum: Investing - Theory, News & General
Topic: Revised Version The Little Book of Common Sense...
Replies: 11
Views: 1139

Re: Revised Version The Little Book of Common Sense...

tomd37 wrote:
Thu Oct 19, 2017 9:08 am
Just received email update from Amazon yesterday. Estimated delivery date is now October 25th.
Also just got the Amazon email update and mine says estimated delivery date Oct. 27-Oct. 30 with standard shipping.
by Fallible
Wed Oct 18, 2017 4:26 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe:Better To Face The Correction
Replies: 50
Views: 5541

Re: Larry Swedroe:Better To Face The Correction

I think Larry's article makes an excellent point that often gets overlooked: no one can consistently and accurately predict future market action. Period. Larry is IMO a brilliant and accomplished student of the market and this piece offers insight. The opportunity cost of missing out on further mar...
by Fallible
Wed Oct 18, 2017 1:26 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe:Better To Face The Correction
Replies: 50
Views: 5541

Re: Larry Swedroe:Better To Face The Correction

What does Market timing really mean? Does it mean adjusting your AA slightly or in a big way? What if you are in a TD fund, is that Marketing timing for me to stay to on its internal glide path? Thanks If you are adjusting your allocation based on predicting what the market will do, that is about m...
by Fallible
Wed Oct 18, 2017 12:21 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe:Better To Face The Correction
Replies: 50
Views: 5541

Re: Larry Swedroe:Better To Face The Correction

I think the primary benefit of being concerned about a market correction is that it focuses attention on the investor's risk tolerance. If you are so concerned about current market valuations that you are willing to withdraw money from stocks to pare your allocation , or to defer adding stocks to m...
by Fallible
Tue Oct 17, 2017 1:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard expects "decent sized correction" soon, sometime, maybe later
Replies: 67
Views: 6399

Re: Vanguard expects "decent sized correction" soon

KyleAAA wrote:
Tue Oct 17, 2017 9:42 am
A "decent sized correction" at "some point." Really stepping out on a limb there, Vanguard.
+1.

And the Vanguard connection was the only reason to read this otherwise forgettable article. Moving on...
by Fallible
Mon Oct 16, 2017 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: The theory seems irrelevant. How does one execute?
Replies: 23
Views: 1614

Re: The theory seems irrelevant. How does one execute?

... My concern is that I won't be able to not check the value of my portfolio, and my experience with cryptocurrency tells me that I don't really have the stomach for large drops in value. When prices go up I feel great and think myself a genius. When prices go down it crushes my mental health. At ...
by Fallible
Mon Oct 16, 2017 8:17 pm
Forum: Investing - Theory, News & General
Topic: 30th Anniversary of October 19, 1987 stock market crash
Replies: 35
Views: 2613

Re: 30th Anniversary of October 19, 1987 stock market crash

Enjoye the articles and thanks for posting. In the early '80s, I was too skittish about the stock market to invest in it, so I invested in the high-interest CDs. I continued learning about mutual funds and finally got into the market in (drum roll...) 1987. Several months later, the crash. My two re...
by Fallible
Mon Oct 16, 2017 7:56 pm
Forum: Investing - Theory, News & General
Topic: Revised Version The Little Book of Common Sense...
Replies: 11
Views: 1139

Re: Revised Version The Little Book of Common Sense...

I also pre-ordered and received the notice and think that just means it will be better than ever. :-) Actually, I'm just glad it will still arrive in plenty of time for Christmas as one of the two I ordered will be a gift.
by Fallible
Mon Oct 16, 2017 11:29 am
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Qtrly Meeting 10-28-17
Replies: 2
Views: 254

Minnesota BH Qtrly Meeting 10-28-17

Who : All Minnesota Bogleheads and guests. Meetings are free and open to the public and new members are always welcome. Bring your laptops and tablets if you wish. What : Quarterly MN Boglehead meeting Where : Southdale Library full meeting room, 7001 York Ave. S, Edina. When : Saturday, October 28...
by Fallible
Sat Oct 14, 2017 6:50 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 6893

Re: How long for hedonic adaptation to set in?

= I think like most of us here, I'm all for spending money that will truly make us happy. Of course, the flip side of this is the danger of spending money on things that we think will make us happy, but in the long term do not. It occurs to me that for some purchases that are hard to reverse, perhap...
by Fallible
Fri Oct 13, 2017 10:33 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 3733

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

I think one easy solution is to put it directly in my contract that if I happen to call and the client is in the car, or they call me from the car, that they will be instructed to find another time to have the discussion. I'd just as soon not get hired at all if anyone has a problem with that, and ...
by Fallible
Fri Oct 13, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 29
Views: 5162

Re: Met with a CFP, not too impressed.

I take it this was a free consultation? Not particularly defending them, but for a free consultation they are not going to spend countless hours scouring over everything. I hear ya but actually we signed a contract that contains an estimate and a billing rate. Basically all he did was plug our numb...
by Fallible
Fri Oct 13, 2017 1:09 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4177

Re: 10 year anniversary of the beginning of the Great Recession

Speaking of the Great Recession, anybody know of a good book that covers what happened at the beginning? Roger lowenstein's The End of Wall Street. Good overview. Nouriel Roubini's book is a more technical overview (but not super tech). Then Alan Blinders book After the Music Stopped. I would read ...
by Fallible
Thu Oct 12, 2017 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation question for my parents
Replies: 16
Views: 785

Re: Asset allocation question for my parents

https://www.bogleheads.org/wiki/Bogleheads®_investment_philosophy A start. Read all the Bogleheads "booklist". Then the "Wiki". When you know enough to pick a financial advisor you will have the option of doing it yourself. Agree. The first thing for the OP to do is to learn as much about investing...
by Fallible
Thu Oct 12, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Too old to invest at 70+ years?
Replies: 32
Views: 2416

Re: Too old to invest at 70+ years?

Have you all gotten together for a family talk about these matters? If not, that is a good place to start so that they understand your concerns and how they are affecting you and your wife. It's really a must place to start since they have not asked for your help and you will need that so you have t...
by Fallible
Wed Oct 11, 2017 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 3890

Re: Protecting against the possibility of a correction?

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 <-------------- This a standard...
by Fallible
Tue Oct 10, 2017 5:39 pm
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 80
Views: 6503

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

Richard Thaler is one of my heroes, together with Daniel Kahneman, Dan Ariely, and Nassim Taleb. I am occasionally giving presentations on Behavioral Economics, Black Swans, Antifragility, and related topics. It will be my great pleasure to refer to Dick Thaler by his new title. Victoria Speaking o...
by Fallible
Tue Oct 10, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 98
Views: 5333

Re: Has your "risk tolerance" been tested?

In reading the responses to this interesting thread I've realized that, as a retired R/E Developer and businessman (employer), my risk tolerance has been from a different perspective than others of different situations or perhaps dependent on the "market" for savings and income. With every economic...
by Fallible
Mon Oct 09, 2017 3:03 pm
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 80
Views: 6503

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

At last, the man who had what he called his “first heretical thoughts” about human behavior in grad school and went on to somewhat humorously describe himself as a “professional renegade” in his field, will now become a Nobel laureate. In his book, Misbehaving , Thaler notes that behavioral economic...
by Fallible
Sat Oct 07, 2017 2:44 pm
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 98
Views: 5333

Re: Has your "risk tolerance" been tested?

One key determinant of a sensible asset allocation is "risk tolerance." I contend that the phrase "risk tolerance" means very little when people are initially confronted with the idea, and as a result people create their portfolios, at least initially, with very little to no understanding of what t...
by Fallible
Wed Oct 04, 2017 4:47 pm
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Class of 1998 (Sheepdog's Experience)
Replies: 45
Views: 4056

Re: Retirement Class of 1998 (Sheepdog's Experience)

To all of you, thank you for the humbling "thank yous" and your comments and questions. In this thread, maybe I did actually accomplish something unplanned beyond telling my story and giving thanks to the Diehards and Bogleheads. I think that is having some of you realize that your retirement can b...
by Fallible
Wed Oct 04, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: New job offer
Replies: 17
Views: 1352

Re: New job offer

Hello All! I just got a new job offer and I'm going to take it. My question is should I fill out all the paperwork and get it back to the new company first and wait for the green light before I left my boss know or should I just tel my boss that I'm leaving now? I love my boss and don't want to lea...
by Fallible
Wed Oct 04, 2017 2:32 pm
Forum: Investing - Theory, News & General
Topic: Some Hand-Holding
Replies: 17
Views: 1208

Re: Some Hand-Holding

... Where my anxiety is rising is how to ride out the next situation. I have an asset allocation of 70% equities and 30% bonds--all in mutual funds. This is down from an 80/20 allocation about a year ago. I did the reduction in anticipation of "the stock crisis of 2016." I am torn between wishing I...
by Fallible
Tue Oct 03, 2017 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 9163

Re: Senior citizens can lose everything [to professional guardians via court rulings]

Thanks for the article. Here is another NYT article from last July on another guardianship case and some excerpts providing perspective: https://www.nytimes.com/2017/07/28/business/calls-for-court-reform-as-legal-guardians-abuse-older-adults.html The National Center for State Courts, a nonprofit thi...
by Fallible
Sun Oct 01, 2017 10:41 pm
Forum: Investing - Theory, News & General
Topic: Buffett's idea of risk vs risk as in the formula: 'willingness, ability and need'
Replies: 50
Views: 2584

Re: Buffett's idea of risk vs risk as in the formula: 'willingness, ability and need'

It may help for you to have Larry Swedroe's full definitions of ability, need, and willingness to take risk in the three blogs he wrote on the subjects. Here are excerpts from each with links to all following): ... Besides reading the forum, have you read books listed in the forum's wiki under "Get...
by Fallible
Sun Oct 01, 2017 3:17 pm
Forum: Investing - Theory, News & General
Topic: Buffett's idea of risk vs risk as in the formula: 'willingness, ability and need'
Replies: 50
Views: 2584

Re: Buffett's idea of risk vs risk as in the formula: 'willingness, ability and need'

It may help for you to have Larry Swedroe's full definitions of ability, need, and willingness to take risk in the three blogs he wrote on the subjects. Here are excerpts from each with links to all following): Ability: "An investor’s ability to take risk is determined by four factors: (1) investmen...
by Fallible
Sun Oct 01, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 192
Views: 12832

Re: Why do you LBYM? Why do you save and invest?

some are ants. some are grasshoppers. Taking it a bit further: some grasshoppers can learn from the ants while some have a harder time doing so and some never learn to. Individual differences, nature and nurture. I remember reading the story when a child and loving the ants and being furious with t...
by Fallible
Fri Sep 29, 2017 10:16 am
Forum: Personal Consumer Issues
Topic: Where do you get your news?
Replies: 131
Views: 8340

Re: Where do you get your news?

I don't know where you guys are coming from. It's called 'relativity', not the Einstein kind. Let's pause for a moment to applaud our fine moderators who keep this motley crew of Bogleheads in line. Based upon our responses in this thread, we clearly span the full range of the political opinion con...
by Fallible
Fri Sep 29, 2017 9:38 am
Forum: Investing - Theory, News & General
Topic: The Four Pillars of Investing – today’s Kindle daily deal
Replies: 10
Views: 1458

Re: The Four Pillars of Investing – today’s Kindle daily deal

Thanks. It's a good deal on a very important book, especially for new investors.
by Fallible
Fri Sep 29, 2017 9:35 am
Forum: Personal Consumer Issues
Topic: Boglehead Investing Simplicity Leading to Simplifying Life?
Replies: 21
Views: 2031

Re: Boglehead Investing Simplicity Leading to Simplifying Life?

One aspect of Bogleheads is simplifying our investment life and LBYM. Has anyone taken this a step further by simplifying your life? Have you explored minimalism and embraced it? For this to be actionable, what were your first steps to making this happen? ... Just Google for "Bogleheads simplicity"...
by Fallible
Thu Sep 28, 2017 9:03 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 192
Views: 12832

Re: Why do you LBYM? Why do you save and invest?

Hi, Once I was at a McDonald, the person in front of me was buying 20 pieces of chicken Nugget and paying about $6 from the main menu. To the right of the main menu is the dollar menu. The person could buy the same 20 pieces of chicken nugget for $4. But, he paid $6. Ditto on many other items that ...
by Fallible
Wed Sep 27, 2017 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: My Smartest Financial Moves
Replies: 62
Views: 5934

Re: My Smartest Financial Moves

Getting informed about investing and then staying informed. Getting informed by lots of reading that led to Jack Bogle and indexing, and staying informed by more good reading that helped me stay the course. +1 I will add that, during the last 10-12 years of my career, I maxed out my 457 plan and my...
by Fallible
Wed Sep 27, 2017 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones (again)
Replies: 28
Views: 2312

Re: Edward Jones (again)

Thanks bloom2708 for wading in on this. You have a good point that I may have too many funds; it is certainly more than the 3 fund concept! lol :D . I do not fully understand your comment of "all up expense ratio". In this investment environment, it may be difficult to not make money, but I have be...
by Fallible
Wed Sep 27, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: My Smartest Financial Moves
Replies: 62
Views: 5934

Re: My Smartest Financial Moves

Getting informed about investing and then staying informed. Getting informed by lots of reading that led to Jack Bogle and indexing, and staying informed by more good reading that helped me stay the course.
by Fallible
Wed Sep 27, 2017 12:26 pm
Forum: Investing - Theory, News & General
Topic: VG using outsourcing to call me & I'm not happy
Replies: 76
Views: 7027

Re: VG using outsourcing to call me & I'm not happy

I did not get a call, but agree this was questionable handling by Vanguard. I hope those who did get a call will ask VG to explain its role in this and to reveal all customer account information it gave out and what precautions were taken. Also agree on the reference to accents as I have three relat...
by Fallible
Wed Sep 27, 2017 11:28 am
Forum: Personal Consumer Issues
Topic: Do you avoid risky adventures once you have the money?
Replies: 71
Views: 4113

Re: Do you avoid risky adventures once you have the money?

I still think that wealth has an impact on one`s desire to take risk. I don't doubt that you think that, but could you make the connection that you feel between the two? Is it that you think risk may kill you before you can spend all your hard-earned money? Is that what you were thinking when you h...
by Fallible
Tue Sep 26, 2017 11:20 am
Forum: Personal Consumer Issues
Topic: Do you avoid risky adventures once you have the money?
Replies: 71
Views: 4113

Re: Do you avoid risky adventures once you have the money?

I still think that wealth has an impact on one`s desire to take risk. I don't doubt that you think that, but could you make the connection that you feel between the two? Is it that you think risk may kill you before you can spend all your hard-earned money? Is that what you were thinking when you h...
by Fallible
Mon Sep 25, 2017 4:02 pm
Forum: Personal Consumer Issues
Topic: Do you avoid risky adventures once you have the money?
Replies: 71
Views: 4113

Re: Do you avoid risky adventures once you have the money?

I am in my late 40s and to some extent my risk tolerance has gone up. While I certainly won't take what I think are "crazy" risks I also realize now that my time on this planet is limited and so for certain things I want to do/see before I die I'll take calculated risks because if not now when? It ...
by Fallible
Mon Sep 25, 2017 12:30 pm
Forum: Personal Consumer Issues
Topic: Do you subscribe to digital newspapers?
Replies: 67
Views: 2988

Re: Do you subscribe to digital newspapers?

... Much has been written about the future of print newspapers and the possibilities seem endless. Having been in journalism and with some friends also retired or still in the business, we often discuss the latest articles such as this good one from Columbia Journalism Review headlined "Print is De...
by Fallible
Mon Sep 25, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Do you avoid risky adventures once you have the money?
Replies: 71
Views: 4113

Re: Do you avoid risky adventures once you have the money?

Early in May, my wife and I were in Santorini Island in Greece. There is a steep cliff to get on top of the Rock of Scaros. The cliff is just a few meters tall, but there is no safety net and it is vertical. If you fall down the rock, the downside cliff to the ocean will likely kill you. Many touri...
by Fallible
Sun Sep 24, 2017 9:17 pm
Forum: Personal Consumer Issues
Topic: Do you subscribe to digital newspapers?
Replies: 67
Views: 2988

Re: Do you subscribe to digital newspapers?

Hello, I grew up reading newspaper with my morning coffee back in the days when TV or Internet news very non-existent. For the past 10 years I haven't subscribed to any paper newspaper and read my news exclusively on iPhone or watch TV. Recently, I picked up a Sunday newspaper from Walgreens and re...
by Fallible
Sun Sep 24, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads monthly costs of dog ownership?
Replies: 83
Views: 5093

Re: Bogleheads monthly costs of dog ownership?

Some great advice here. Just to add that cost considerations should always be In comparison with the potential fun and happiness an animal can bring. When I look back on the many years of pet ownership by myself, family, and friends, our memories are not of cost, but mainly of those fun and happy ex...
by Fallible
Sun Sep 24, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett Books
Replies: 19
Views: 1604

Re: Warren Buffett Books

I m afraid based on the minimal responses that books about Warren Buffett may not be popular or on the must read list. There have been threads touching on the books, especially "Snowball" and "Capitalist." I've read both and they are excellent. I would read "Capitalist" first, then the other for gr...
by Fallible
Sat Sep 23, 2017 9:04 am
Forum: Investing - Theory, News & General
Topic: AA if you were just starting out again
Replies: 49
Views: 3701

Re: AA if you were just starting out again

When I was starting out in my 401(k), there were no good resources to learn just how one should allocate one's investments (this was over 30 years ago). Someone somewhere along the line (likely from the fund provider) suggested an allocation, and not knowing anything to the contrary, I went along. ...
by Fallible
Fri Sep 22, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Loans paid off!
Replies: 17
Views: 1076

Re: Loans paid off!

Glad you are sharing this milestone with us and congratulations to you and your "frugal" wife! :sharebeer
by Fallible
Fri Sep 22, 2017 12:40 pm
Forum: Personal Consumer Issues
Topic: How to recognize self-help books?
Replies: 24
Views: 1436

Re: How to recognize self-help books?

FiveSigmas wrote:
Fri Sep 22, 2017 12:10 pm
....
I think I'd get a kick out of seeing a book titled "How y'all can be better people." ...
I got a kick out of that. :)

Y'all have a good day now.
by Fallible
Fri Sep 22, 2017 10:36 am
Forum: Personal Consumer Issues
Topic: How to recognize self-help books?
Replies: 24
Views: 1436

Re: How to recognize self-help books?

It's not always easy to positively define what is "self-help," but here's an article from "Psychology Today" that explains it and provides guidelines, some of which apply to writings of any genre: author credentials, writing quality, and critical reading. https://www.psychologytoday.com/blog/fulfill...
by Fallible
Thu Sep 21, 2017 10:48 am
Forum: Investing - Theory, News & General
Topic: AA if you were just starting out again
Replies: 49
Views: 3701

Re: AA if you were just starting out again

I'm wondering just how good new information is in choosing an asset allocation (AA) vs experience. So, if starting all over again, would you use the same AA as you had before, or would you change it? What has experience taught you about risk and AA? Are the available information and the risk questi...