Search found 6447 matches

by Fallible
Sat Nov 17, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 7 Investing Rules
Replies: 14
Views: 2196

Re: Larry Swedroe: 7 Investing Rules

Thanks, Larry, and good to see No. 4: 4. Do Not Take More Risk Than You Have The Ability, Willingness Or Need To Take Most battles are won in the preparation stage, not on the battlefield. ... On the forum during market downturns or even just the usual volatility, i.e., the “battlefield,” we often s...
by Fallible
Wed Nov 14, 2018 5:59 pm
Forum: Investing - Theory, News & General
Topic: Are you all staying the course?
Replies: 114
Views: 6817

Re: Are you all staying the course?

Esq123 wrote:
Wed Nov 14, 2018 2:53 pm
How are you all handling the recent market volatility? Everyone staying the course? I am content for now that I am not 100% equities.
What do you mean you are content "for now"? Could something happen that would change it?
by Fallible
Wed Nov 14, 2018 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: I can't take this anymore=) I'm selling stocks and buying bonds!
Replies: 97
Views: 12948

Re: I can't take this anymore=) I'm selling stocks and buying bonds!

... With all the swings up and down recently I am finding that it's too much volatility for me. ... As I read your posts on previous threads, this well-known quote came to mind: “If you don’t know who you are, this is an expensive place to find out.” The "place" is the stock market and here's an ar...
by Fallible
Mon Nov 12, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: The Perfect Portfolio for You
Replies: 27
Views: 4222

Re: The Perfect Portfolio for You

Exactly Rick ! Golf is no different ..... there are a few fundamentals and once those are solidly in place the "swing" is personal to each golfer. To search for the abstract "perfect swing" and attempt to copy it and ignore your personal swing is unproductive. With acknowledgment to Taylor and vari...
by Fallible
Sat Nov 10, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: The Perfect Portfolio for You
Replies: 27
Views: 4222

Re: The Perfect Portfolio for You

Let's step back for a minute and look at the three elements of successful Boglehead investing: 1. Philosophy 2. Strategy 3. Discipline Philosophy: We all have the same beliefs - fees matter, don't try to time market, etc. The list is on the Bogleheads Wiki Strategy: This is personal. Unique to you....
by Fallible
Thu Nov 08, 2018 9:17 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3408
Views: 1015235

Re: What Book Are You Currently Reading? Part VI

Two books I highly recommend: _ The Confidence Game , by Maria Konnikova. One of the best I’ve read on the subject. Explains stages of the con (the put-up, the play, the rope, the tale, etc.) and why so many of us make it easy for cons: “the basic, irresistible, universal human need to believe in so...
by Fallible
Thu Nov 08, 2018 7:32 pm
Forum: Investing - Theory, News & General
Topic: Things You See During Every Market Correction
Replies: 5
Views: 1472

Re: Things You See During Every Market Correction

This looks a lot like what we see on the forum come market-correction time. Liked this description of investor behavior in bull and bear markets: investors begin paying more attention to the markets. Have you ever gotten lost in your own thoughts in the car while driving somewhere and once you got t...
by Fallible
Wed Nov 07, 2018 4:20 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3819
Views: 1078825

Re: What Movie Have You Recently Watched?

Charade , on Amazon Prime. This is a classic thriller/romance starring Cary Grant and Audrey Hepburn, with Walter Matthau and James Coburn as the villains. This is an excellent movie. Also liked the film, a mixture of suspense, thriller, witty romantic comedy, mystery, and spoof of it all, plus gre...
by Fallible
Wed Nov 07, 2018 2:35 pm
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10535

Re: This man can predict when bubbles burst: time to time the market?

... yes you are right; he did get it right about China, but like it's been noted above, he also made some wrong ones. I guess his results should improve as the work progresses; he got it wrong on the US nearly 20 yrs ago so he should have improved his research method by now. But yes it's probably a...
by Fallible
Tue Nov 06, 2018 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Ophthalmologist - Cornea Specialty... Best type of practice??
Replies: 8
Views: 1034

Re: Ophthalmologist - Cornea Specialty... Best type of practice??

Ophthalmologist here. I'm about 10 years out of training. Choose the sub-specialty you enjoy the most, if you even decide to do a fellowship at all. I'm a comprehensive ophthalmologist and knew from day one of residency that I would be done after my 3 years. The reasons for my choice: 1) I enjoyed ...
by Fallible
Tue Nov 06, 2018 4:56 pm
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10535

Re: This man can predict when bubbles burst: time to time the market?

Assuming Steve321 is sincere in his questions (I am beginning to have doubts), I would like to ask him: What are your goals and why are you spending so much time and effort trying to find someone who can tell you how to "beat the markets?" Is the historical market return not good enough to make it ...
by Fallible
Tue Nov 06, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Critique my Retiree Investment Policy Statement, if you will
Replies: 6
Views: 974

Re: Critique my Retiree Investment Policy Statement, if you will

Overall, I think it is very well thought out, although a key test of any IPS is how well it helps when the market crashes. As for the rebalancing, the general advice I'm aware of is usually once a year.
by Fallible
Tue Nov 06, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: II - The Wall Street Math Hustle
Replies: 19
Views: 2708

Re: II - The Wall Street Math Hustle

Have my views on this, interested in others. https://www.institutionalinvestor.com/article/b1bpqyp4684v06/The-Wall-Street-Math-Hustle?utm_medium=email&utm_campaign=The%20Essential%20II%2011618&utm_content=The%20Essential%20II%2011618%20Version%20A%20CID_0014aa02fb81e405f7485d796dbb7737&utm_source=C...
by Fallible
Sat Nov 03, 2018 6:11 pm
Forum: Personal Consumer Issues
Topic: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?
Replies: 51
Views: 2372

Re: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?

bottlecap wrote:
Sat Nov 03, 2018 6:03 pm
...
Even "credible" journalists are nothing but journalists. They typically myopic, rely on tired sources and, in any event, are themselves not big thinkers. A lot of times, they aren't even that great at regurgitation.

JT
All journalists are like this?
by Fallible
Sat Nov 03, 2018 5:35 pm
Forum: Personal Consumer Issues
Topic: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?
Replies: 51
Views: 2372

Re: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?

I subscribe to the NYT and our local daily newspaper online and to a local online-only publication that started up a few years ago. Other national publications such as the Washington Post, WSJ, LA Times, Chicago Trib, various magazines, etc., I read at the library. I like getting as many sides to a ...
by Fallible
Sat Nov 03, 2018 1:05 pm
Forum: Investing - Theory, News & General
Topic: Another Brokerage Firm Caught Overcharging
Replies: 3
Views: 1415

Re: Another Brokerage Firm Caught Overcharging

... Financial advisers at brokerage firms are NOT fiduciaries. They work for payouts. The do not work in your best interest. Let the buyer beware! Rick Ferri "Buyer beware" is always sound advice, but it sure helps to know of what the buyer should beware, and the information you've shared here prov...
by Fallible
Fri Nov 02, 2018 5:17 pm
Forum: Personal Consumer Issues
Topic: Weight Training After 70
Replies: 33
Views: 2360

Re: Weight Training After 70

As a doctor, I would not consult a doctor about this question. We have absolutely no formal training in exercise physiology or theory and 85% of us do not know where the nearest gym is. The idea that a medical doctor is qualified to write out a physical training regimen is silly. Go see them to man...
by Fallible
Fri Nov 02, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: What is an "advanced" investor?
Replies: 34
Views: 2573

Re: What is an "advanced" investor?

In a recent post, someone commented that a particular website was helpful for both BEGINNER AND ADVANCED INVESTORS. What is an "advanced investor"? Any answer depends on what the person who posted it meant, and whether it means anything beyond that. Can you post a link to the thread in which the co...
by Fallible
Tue Oct 30, 2018 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Changing Asset Allocation Based On Market Forecasts - Market Timing?
Replies: 7
Views: 711

Re: Changing Asset Allocation Based On Market Forecasts - Market Timing?

https://www.morningstar.com/videos/888358/building-a-portfolio-for-a-lowreturn-world.html The following is from an interview with Fran Kinniry of Vanguard; "I think sometimes market forecasting gets a negative connotation, but there's really only a couple of ways you can do this. You can use histor...
by Fallible
Mon Oct 29, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: What's the Problem with Broker Advice? It's not Advice.
Replies: 16
Views: 2075

Re: What's the Problem with Broker Advice? It's not Advice.

As long as the conflicts of interest are disclosed, they are not an issue with regulators. But I wonder how many people actually read the fine print. And not just read the fine print, but understand it, and if they don't understand it, ask questions (if they can find the right person to ask and if ...
by Fallible
Sun Oct 28, 2018 11:55 am
Forum: Investing - Theory, News & General
Topic: What's the Problem with Broker Advice? It's not Advice.
Replies: 16
Views: 2075

Re: What's the Problem with Broker Advice? It's not Advice.

I was reading about a service provided by TD Ameritrade and it reminded me that brokers do not give unbiased advice. They sell. Discount brokerage firms such as Schwab and TD Ameritrade will refer you to an independent investment adviser if you request one. This may sound like an unbiased referral,...
by Fallible
Fri Oct 26, 2018 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Jonathan Clements: For Nervous Investors
Replies: 2
Views: 1250

Jonathan Clements: For Nervous Investors

For those investors nervous about the recent market drop, here's Jonathan Clements to provide "three quick calculations that might spur you to action—or help ease your mind:" 1. How much cash do you need from your portfolio over the next five years? 2. What’s the value below which you never want you...
by Fallible
Fri Oct 26, 2018 5:39 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 20
Views: 2162

Re: Minnesota BH Fall Main Meeting 10/27/18

***. IMPORTANT *** For folks driving through Bloomington and Eden Prairie on Saturday morning: Westbound I-494 will be CLOSED this weekend in Bloomington and Eden Prairie from Hwy 100 to Hwy 212. Plan your drive accordingly! Thanks for the heads-up. Here's more from the DOT (scroll down for I-494 d...
by Fallible
Fri Oct 26, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3408
Views: 1015235

Re: What Book Are You Currently Reading? Part VI

Just finished Bad Blood - Secrets and Lies in a Silicon Valley Startup by John Carreyrou. Tis the story of Theranos. Still cannot believe thta Elizabeth Holmes was able to con so many smart and famous people. Guess the likes of George Shulz, Henry Kissinger, and James Mattis are pretty gullible and...
by Fallible
Fri Oct 26, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about staying the course
Replies: 33
Views: 4120

Re: Nervous about staying the course

I'm starting to get nervous about staying the course. I paid almost no attention to my 403(b) accounts through the Great Recession -- just kept buying on automatic. I now also have a taxable account at Vanguard and I for some reason pay a lot more attention to it. Even with a relatively conservativ...
by Fallible
Fri Oct 26, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about staying the course
Replies: 33
Views: 4120

Re: Nervous about staying the course

Grt2bOutdoors wrote:
Fri Oct 26, 2018 6:41 am
...
People say all sorts of things about holding bonds, they only realize the benefits when the seas get rough....
How true this is. If I didn't already have a signature line, I'd ask your permission to use this one. :thumbsup
by Fallible
Thu Oct 25, 2018 2:49 pm
Forum: Investing - Theory, News & General
Topic: Market irrationality
Replies: 35
Views: 4057

Re: Market irrationality

I was listening to Bloomberg radio the other morning when they reported that while Caterpillar had beaten analysts’ estimates for the 3Q, the stock was down 8% pre-market. Granted, the stock had been dropping (along with the rest of the market) since the beginning of the month. Still, it got me mus...
by Fallible
Thu Oct 25, 2018 2:11 pm
Forum: Local Chapters and Bogleheads Community
Topic: Who/what made the helpful culture of Bogleheads?
Replies: 29
Views: 1941

Re: Who/what made the helpful culture of Bogleheads?

All of the above, but starting with Jack Bogle and adding the invaluable posts from BH financial pros such as Rick Ferri, Allan Roth, Larry Swedroe, Bill Bernstein and others, and forum pros Alex and Larry. The talent and teamwork throughout are first-rate.
by Fallible
Wed Oct 24, 2018 10:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 20
Views: 2162

Re: Minnesota BH Fall Main Meeting 10/27/18

Here are additional details of two more meeting breakouts on health savings accounts, and a 25-question quiz: Diann Title: Health Savings Account as a Stealth Investment Vehicle. Description : This breakout will discuss the mechanics of using Health Savings Accounts (HSAs) as an additional investmen...
by Fallible
Wed Oct 24, 2018 5:29 pm
Forum: Investing - Theory, News & General
Topic: Changing to higher equities allocation during a major crash?
Replies: 26
Views: 2611

Re: Changing to higher equities allocation during a major crash?

goingup wrote:
Wed Oct 24, 2018 9:17 am
You'll have to live through a big bear market to see how you react real time. ...
This is true - as far as it goes. Living through one bear market will tell you how you reacted in THAT bear, but maybe not the next one because they all differ.
by Fallible
Wed Oct 24, 2018 4:30 pm
Forum: Investing - Theory, News & General
Topic: The ship metaphor
Replies: 24
Views: 2016

Re: The ship metaphor

I think I understand the ship logo of the Vanguard fund, and the «stay the course» slogan. As long as it is smooth sailing, it is easy to stay on course. In january when the sea got more choppy and waves got bigger, it was harder but still managable. Now it seems we’ve reached a cataract that is fl...
by Fallible
Wed Oct 24, 2018 9:40 am
Forum: Personal Consumer Issues
Topic: Dental Mishap
Replies: 46
Views: 4816

Re: Dental Mishap

First, I'm sorry to hear what your young son is going through.

As for the expenses, getting a second opinion, or even a third, to know fully what has happened here and what is going on should help in getting compensation. It may also lead to your getting a new dentist.
by Fallible
Wed Oct 24, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation With Age
Replies: 10
Views: 1553

Re: Asset Allocation With Age

Hi and thanks in advance My wife is 86 and I am 87. Should we reduce our present asset allocation from 40/60 if the arithmetic shows that there is a reasonable chance that we may need to draw upon the stock allocation. If you would suggest a change, what allocation would you suggest. Frederickj If ...
by Fallible
Tue Oct 23, 2018 8:29 pm
Forum: Personal Consumer Issues
Topic: Cat's dental work costs
Replies: 31
Views: 2243

Re: Cat's dental work costs

I recently got an estimate for teeth cleaning for my 11-year-old Siamese cat from the vet we've been using since he was a kitten. His gums are inflamed with gingivitis in some places and he's been howling alot lately. Here's a breakdown from the estimate: $39.96 Acute pain management/Injectable/cc ...
by Fallible
Mon Oct 22, 2018 7:24 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 20
Views: 2162

Re: Minnesota BH Fall Main Meeting 10/27/18

For beginning Bogleheads and those getting ready for retirement, here's more information on those breakouts from the meeting agenda above: Andrew Breakout Title: Financial Topics for Beginners Description: "Where do Bogleheads (and aspiring Bogleheads) Start? Breaking down the Boglehead Philosophy; ...
by Fallible
Mon Oct 22, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo - Premier Banking, relationship managers - good or bad?
Replies: 6
Views: 488

Re: Wells Fargo - Premier Banking, relationship managers - good or bad?

My bank, Wells Fargo, is saying that I now have a relationship manager to call when I need something. Instead of calling their main line, I can call the relationship manager. They're wanting to setup an appointment where I speak with this person and he is supposed to outline the benefits of having ...
by Fallible
Sat Oct 20, 2018 6:20 pm
Forum: Investing - Theory, News & General
Topic: Set it and forget it
Replies: 47
Views: 9262

Re: Set it and forget it

"Nobody buys a farm based on whether they think it's going to rain next year; they buy it because they think it's a good investment over 10 or 20 years." Warren Buffett "Don't just do something, stand there!" Jack Bogle You'll be a better investor when you forget about your investments, providing y...
by Fallible
Sat Oct 20, 2018 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: What if your risk tolerance is lower than what's best for your portfolio?
Replies: 51
Views: 3928

Re: What if your risk tolerance is lower than what's best for your portfolio?

... goingup: I hear you. Not even sure what’s appropriate for me, though, apart from risk tolerance. It’s such a personal decision. ... Yes, risk tolerance is a uniquely personal decision because it's largely about emotions, about who you are, about knowing who you are. It may be the best example o...
by Fallible
Tue Oct 16, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Market timing mistakes relative to joining BH Forum
Replies: 6
Views: 744

Re: Market timing mistakes relative to joining BH Forum

... Anyone care to share how quickly after they discovered BH they bought into the stay the course and stopped "market timing"? If you're referring to a sort of delay in actually making the change to BH after discovering your investing mistakes, it happened to me and my guess is that it happens oft...
by Fallible
Mon Oct 15, 2018 3:38 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 20
Views: 2162

Re: Minnesota BH Fall Main Meeting 10/27/18

Jazzysoon wrote:
Mon Oct 15, 2018 11:33 am
Thank You for organizing this, I know it can take a bit of time to put events together. I'm a newer BH and am looking forward to attending.
Great! "Newer" is even better.
by Fallible
Mon Oct 15, 2018 3:31 pm
Forum: Investing - Theory, News & General
Topic: "Turn Off The Financial News"
Replies: 13
Views: 1918

Re: "Turn Off The Financial News"

Thanks for the post, Taylor. I agree that CNBC, which is popular mainly with the pro traders it's primarily aimed at, is one in particular to "turn off," especially if the average investor feels tempted to act on whatever it's pitching. (But if John Bogle happens to be on with his sage advice, then ...
by Fallible
Sat Oct 13, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor discussing finances with me
Replies: 64
Views: 6079

Re: Neighbor discussing finances with me

Two things: he is a good friend and a good neighbor. Telling him, in effect, that he is wrong and you are right about money could risk losing both. IMO, the bigger risk is yours, not his.
by Fallible
Sat Oct 13, 2018 2:15 pm
Forum: Investing - Theory, News & General
Topic: Psychological vs. Real Risk
Replies: 21
Views: 1570

Re: Psychological vs. Real Risk

Ron, You're right in questioning what sort of consensus, if any, one can reach on this forum. I don't think there are any rules because there are just fundamental differences in approach. There is probably one thing, above all, that perhaps we can agree on. Whatever one decides to do, there should ...
by Fallible
Sat Oct 13, 2018 10:01 am
Forum: Investing - Theory, News & General
Topic: Psychological vs. Real Risk
Replies: 21
Views: 1570

Re: Psychological vs. Real Risk

Using asset allocation to manage volatility and downside risk is a standard BH tenet. Psychological risk is what most financial writers spend their time on, i.e., the risk that someone's fear or nerves or whatever will cause them to sell equities unnecessarily at a low. Determining your psychologic...
by Fallible
Fri Oct 12, 2018 1:42 pm
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5843

Re: Who worries about a bear market in stocks?

One can worry about a bear market even if one has the need and ability to take risk. That is because they still may not be willing to take it, i.e., not have the risk tolerance for the market's ups and downs. This may explain why only about half of U.S. households are invested in the market; and why...
by Fallible
Thu Oct 11, 2018 8:49 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 20
Views: 2162

Re: Minnesota BH Fall Main Meeting 10/27/18

As promised, here are more detailed descriptions of two more breakouts, both on taxes (full agenda above): Sandra & Diane Title:  Tax loss harvesting in taxable accounts.   Description: Use this tax deferral strategy to offset capital gains with losses, and avoid pitfalls like wash sales. Chip Title...
by Fallible
Thu Oct 11, 2018 6:49 pm
Forum: Personal Consumer Issues
Topic: Oatmeal suggestions
Replies: 167
Views: 25875

Re: Oatmeal suggestions

I admit I've been waiting for this oatmeal thread to come back so I can say I that I've gradually switched from oatmeal to oat bran. Just sayin'. :-)
by Fallible
Wed Oct 10, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 111
Views: 8393

Re: What did you buy today

I bought frozen organic kale for the first time.
by Fallible
Mon Oct 08, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: Market decline in 2019 ?
Replies: 73
Views: 6639

Re: Market decline in 2019 ?

... The Bogleheads philosophy is "stay the course." But after 10 years of market rallys -- where do we draw the line? Is anyone here switching from equities to cash in hopes to avoid a big market decline in the next year or two? The line is your personal risk tolerance, which is decided on when set...
by Fallible
Sun Oct 07, 2018 7:36 pm
Forum: Personal Consumer Issues
Topic: What are your strategies when shopping for a house?
Replies: 38
Views: 3470

Re: What are your strategies when shopping for a house?

A most important strategy is, once you have decided on a home you and your wife like, to have a professional home inspector look it over thoroughly as he/she should be able to catch problems. Be sure you, not the realtor, choose the inspector, that you are agreed on what it will include, and that yo...