Search found 6922 matches

by Fallible
Mon Nov 18, 2019 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: The difficulty of discarding frugality?
Replies: 110
Views: 9883

Re: The difficulty of discarding frugality?

If I'm reading the OP right, it may not be frugality that needs discarding, although that depends on how, or how broadly, it's being defined. To me, frugality is about buying wisely, about common sense and not just about being forced to sacrifice because one lacks the money. When one has the money t...
by Fallible
Sun Nov 17, 2019 3:54 pm
Forum: Personal Investments
Topic: Increasing risk appetite
Replies: 36
Views: 1438

Re: Increasing risk appetite

I am a diehard 3 funder since 2007. Have done well by hanging out on BH, bull market and high income. Anticipate basic financial independence early 50s assuming no big bear or other negative event . Of late my desire to “play the markets” has increased.I want to let a small % run on risky strategie...
by Fallible
Fri Nov 15, 2019 12:44 pm
Forum: Personal Investments
Topic: Your most difficult and your most euphoric investing moments
Replies: 24
Views: 1831

Re: Your most difficult and your most euphoric investing moments

I've been on the board several years now and I don't think I've seen a thread to this effect. I am curious: A) What was your most difficult investing moment for you, psychologically? And how did you respond to it? Was it watching your accounts go down by half in the Great Recession? Or something el...
by Fallible
Thu Nov 07, 2019 2:11 pm
Forum: Personal Investments
Topic: convincing someone of the wisdom of 'buy and hold' instead of selling in a market crash
Replies: 38
Views: 2624

Re: convincing someone of the wisdom of 'buy and hold' instead of selling in a market crash

Investor behavior and performance, O'Shaughnessy: "Fidelity had done a study as to which accounts had done the best at Fidelity. And what they found was..." They were the accounts of people who forgot they had an account at Fidelity. " ... I kinda like Barry Ritholtz's explanation for why those Fid...
by Fallible
Wed Nov 06, 2019 4:23 pm
Forum: Personal Investments
Topic: convincing someone of the wisdom of 'buy and hold' instead of selling in a market crash
Replies: 38
Views: 2624

Re: convincing someone of the wisdom of 'buy and hold' instead of selling in a market crash

my dad says it makes sense to buy when stocks are good and sell when stocks are bad. it's a terrible approach that means he's buying high and selling low. but o ne thing he says sort of makes possible sense. what if you knew that the market was going to go down so you sell? i think a lot of people ...
by Fallible
Sat Nov 02, 2019 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: EverSafe and cognitive decline study
Replies: 13
Views: 1629

Re: EverSafe and cognitive decline study

... The people conducting the study will get only non-financial data from EverSafe. ...I have spoken with the study coordinator and have read the consent form. I’ve been assured that EverSafe would not have access to my accounts. I’ve tried reading up about the company. ... What is the study coordi...
by Fallible
Sat Nov 02, 2019 4:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard without Jack Bogle - Allan Roth
Replies: 28
Views: 4429

Re: Vanguard without Jack Bogle - Allan Roth

Of course it will undergo change. I think the main concerns that Allan is expressing here are similar to those expressed earlier by Jonathsn Clements (link in Allan's article): that Vanguard will continue to put the client first. From Allan (boldface mine): Vanguard will continue to change and, on b...
by Fallible
Fri Oct 25, 2019 1:19 pm
Forum: Personal Investments
Topic: How do you get over an investing mistake?
Replies: 42
Views: 2059

Re: How do you get over an investing mistake?

... The mistake I made wasn't buying into this position but trading it. Whether there was no mistake made in buying this stock (not the later trade, but the initial buy) would seem to depend on how long the stock does well and how long you intend to keep it. It also depends on whether the initial b...
by Fallible
Thu Oct 24, 2019 7:00 pm
Forum: Investing - Theory, News & General
Topic: A very conservative AA -- but is this advisable?
Replies: 14
Views: 1698

Re: A very conservative AA -- but is this advisable?

A friend of mine who is somewhat risk averse is planning the following AA. 1/3rd in Cash/CD 1/3rd in Income producing real-estate, and 1/3rd in Vanguard broad based equity funds. The real estate part is somewhat legacy. Over the years he has invested in and out and currently 1/3rd of his N/A is loc...
by Fallible
Thu Oct 24, 2019 3:21 pm
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 65
Views: 5906

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

Unfortunately, most people get their understanding of complex issues like the MAX crashes from the mass media. Often from the headline and maybe the first 2 paragraphs. ... These seem sweeping generalizations ("most people," "Often" and "maybe"), but how do they tie into the OP's asking about buyin...
by Fallible
Thu Oct 24, 2019 1:28 pm
Forum: Personal Investments
Topic: talk to a new guy [Advisor recommends Midland National Endeavor 8]
Replies: 21
Views: 1820

Re: talk to a new guy [Advisor recommends Midland National Endeavor 8]

Thanks all, we'll stick with our 3 fund portfolio, I thought a lot of what he said was too good to be true. :oops: Rather than just the "oops," give yourself some pats on the back for learning: for questioning what you didn't understsnd, for knowing where to turn for answers, and for recognizing an...
by Fallible
Wed Oct 23, 2019 5:33 pm
Forum: Personal Investments
Topic: talk to a new guy [Advisor recommends Midland National Endeavor 8]
Replies: 21
Views: 1820

Re: talk to a new guy

So my wife and I met with him today and super nice guy not pushy, plus no annual fee. The most expensive things in life are often free. Or not free and even very expensive, judging from the posts above about this product plus warnings about its advantage to the seller not the buyer. Also, "super ni...
by Fallible
Wed Oct 23, 2019 11:38 am
Forum: Investing - Theory, News & General
Topic: "Bogleheads on Investing" podcast transcripts are becoming available
Replies: 9
Views: 1018

Re: "Bogleheads on Investing" podcast transcripts are becoming available

I am excited to announce that Bogleheads on Investing podcast transcripts are now becoming available. Episode #1 with Mr. Bogle and Episode #12 with Larry Swedroe are finished. https://boglecenter.net/bogleheads-on-investing-transcripts/ More to come! It was a time-consuming process for the dedicat...
by Fallible
Tue Oct 22, 2019 5:57 pm
Forum: Investing - Theory, News & General
Topic: "Learning"
Replies: 15
Views: 2475

Re: "Learning"

At times on this forum we see posts by newcomers stating that they've read one or two books on investing and are now ready to become investors. My usual advice to them, after 30-plus years of investing and still learning about it, is this: "You've only just begun. Keep reading. Keep asking questions...
by Fallible
Mon Oct 21, 2019 5:32 pm
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 65
Views: 5906

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

... You write like William Langewische, with that kind of knowledge and controlled outrage. That is meant to be praise. ... "Controlled outrage" describes Langwiesche well, and it stems I think from his passion for flying, for getting it right, and owning up when it's done wrong. He is all flyer, b...
by Fallible
Fri Oct 18, 2019 7:18 pm
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 65
Views: 5906

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

If I did individual stocks, I'd now keep an eye on the new board chairman and watch for any other changes at the top to see how they go about correcting the problems. And I'd watch to see how Boeing will work with the FAA and how the FAA will strengthen/regain its regulatory role. And I hope I'd rem...
by Fallible
Sun Oct 13, 2019 10:02 pm
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 65
Views: 5906

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

... To put the whole 737 MAX thing in perspective, you could read up on some similar problems that happened with other aircraft in the past. For just one example, the crash of a DC-10 in AA flight 191 remains the deadliest air crash in US aviation history, and resulted in the suspension of the DC-1...
by Fallible
Sun Oct 13, 2019 5:49 pm
Forum: Investing - Theory, News & General
Topic: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]
Replies: 65
Views: 5906

Re: Buying after PR Crisis [Public Relations Crisis (Boeing 737 Max)]

One of my very first posts on BH received this response (which I pass on for your contemplation): What knowledge do you have that the market does not already know? And what the "market" doesn't yet know, it has the wherewithal to find out - in Boeing's case, current changes in top management and th...
by Fallible
Sat Oct 05, 2019 1:52 pm
Forum: Investing - Theory, News & General
Topic: Active management - Beware the 'inside view'
Replies: 3
Views: 1237

Re: Beware the 'inside view'

I wanted to share a short article linked at the 'Abnormal Returns' website. The article, Active Management is Reliant on the 'Inside View,' written by Joe Wiggins references Kahneman and Tversky. It contrasts the 'inside view' and 'outside view' as we evaluate investment approaches. For me, it was ...
by Fallible
Wed Oct 02, 2019 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Family Legacy Services - what is this?
Replies: 12
Views: 1746

Re: Vanguard Family Legacy Services - what is this?

I got a postcard size mailer about Vanguard Family Legacy Services. There are several teaser phrases like: new online resource for families like yours; ... your one-stop source designed to take the mystery out of investing wisely, managing wealth prudently, and helping each family member feel prepa...
by Fallible
Tue Oct 01, 2019 7:38 pm
Forum: Investing - Theory, News & General
Topic: Know when to hold them and when to fold them......
Replies: 148
Views: 13974

Re: Know when to hold them and when to fold them......

By "stay the course," Jack Bogle primarily referred to avoiding the "patterns" of the short-term market, "patterns" the human brain is wired to see even when they aren't there. He meant a long-term course that is right for the individual investor, and one that would reflect changing life circumstanc...
by Fallible
Sun Sep 29, 2019 11:30 am
Forum: Investing - Theory, News & General
Topic: Ken Fisher wants you to know that he cares...
Replies: 49
Views: 4538

Re: Ken Fisher wants you to know that he cares...

. Why Ken Fisher Advertises So Much The legendary investment manager tells ThinkAdvisor about his ubiquitous marketing strategy. LINK TO ARTICLE "Our culture says you’re supposed to [include] women [for diversity]. But in fact, the ads that work the best both among men and among women don’t have an...
by Fallible
Sat Sep 28, 2019 9:54 pm
Forum: Personal Investments
Topic: Ideas for truly determining risk tolerance and translate to portfolio allocations?
Replies: 10
Views: 725

Re: Ideas for truly determining risk tolerance and translate to portfolio allocations?

I'm struggling to truly know my risk tolerance. ... This is important to me because I believe if I find my true risk tolerance I'll be far less likely to do something ill-advised in both the good & bad times, and sleep well/confidently. Based on long investing experience that I and other average in...
by Fallible
Thu Sep 26, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 20291

Re: financially clueless senior MIL who thinks she’s rich

... She’s healthy physically but mentally she’s like a child because her husband always took care of everything. she was pretty frugal since she’s from that generation and her husband had the control of finance. Now she found out about all the big money ( in her mind ). However she is financially c...
by Fallible
Wed Sep 25, 2019 12:27 am
Forum: Personal Consumer Issues
Topic: Thought provoking non-fiction for 3rd grader
Replies: 51
Views: 2526

Re: Thought provoking non-fiction for 3rd grader

... At this point, I don't see a pattern in what kind of fiction he likes. To us it seems, that he likes to read and doesn't care much about what he is reading. He would even read instructions when I get some tool or gadget; he will read papers we get in mail (ads, notices, etc). He has read about ...
by Fallible
Tue Sep 24, 2019 11:50 pm
Forum: Personal Consumer Issues
Topic: Physical activity suggestions for a non athletic youth
Replies: 189
Views: 9585

Re: Physical activity suggestions for a non athletic youth

...We went horseback riding on vacation one summer and he enjoyed that. But is that really a workout? ... Absolutely it's a workout and if he likes it, you could arrange for lessons at a good stable. Here are results of a study on benefits of riding: https://animalscience.tamu.edu/2015/06/15/study-...
by Fallible
Fri Sep 20, 2019 7:42 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Individual Stock Investing Increases Risk
Replies: 105
Views: 6326

Re: Larry Swedroe: Individual Stock Investing Increases Risk

I think Larry's article makes a good point. Stock picking increases the odds on outperformance and also underperformance. The net effect is to dramatically increase downside risk relative to the increased chances of outperformance, hence produce poor results for most who try it. Most investors are ...
by Fallible
Fri Sep 20, 2019 1:03 pm
Forum: Personal Investments
Topic: Failing at Market Timing & Stock Picking- How to get an Asset Allocation I'm Comfortable With
Replies: 44
Views: 4252

Re: Failing at Market Timing & Stock Picking- How to get an Asset Allocation I'm Comfortable With

I sincerely thank everybody who has responded. I have read the links provided by Fallible and established an IPS. I will post it below after the responses. @Fallible Thank you for the links. I loved the Swedroe readings and now I have a long list of books to get through. My main takeaways from the ...
by Fallible
Wed Sep 18, 2019 7:19 pm
Forum: Investing - Theory, News & General
Topic: Best financial books for a new investor.
Replies: 15
Views: 966

Re: Best financial books for a new investor.

My younger sister has built a very successful small business but has no experience/knowledge with investing her hard earned money. Currently she has a "financial advisor" that has her in a whole life policy and a bunch of other questionable investments. I told her it was time for her to learn more ...
by Fallible
Wed Sep 18, 2019 11:43 am
Forum: Personal Consumer Issues
Topic: What generalist books attempt to explain human nature?
Replies: 39
Views: 2729

Re: What generalist books attempt to explain human nature?

Reading fiction is a good way to learn about human nature. You learn how the author thinks, and what the author has observed in others. The book mentioned above is one good way to start. One key is to remember that we don't all think alike or feel alike, so maybe look into human nature s . Agree on...
by Fallible
Tue Sep 17, 2019 11:50 pm
Forum: Personal Consumer Issues
Topic: What generalist books attempt to explain human nature?
Replies: 39
Views: 2729

Re: What generalist books attempt to explain human nature?

Looking for a generalist books that mix sociology, psychology, economics etc. to understand how human nature works. For example, trial lawyers need to have good understanding of human nature to sway jurors with their arguments. Are there books they read about that? The closest book I got to this wa...
by Fallible
Tue Sep 17, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: "End of Life" Issues
Replies: 30
Views: 3270

Re: "End of Life" Issues

There are good books and blogs that can help us prepare for end-of-life issues. Four books I've read and would recommend all show how difficult it is to prepare for every eventuality. They also show not just what patients and their families and friends are up against, but the pressures their doctors...
by Fallible
Tue Sep 17, 2019 2:07 pm
Forum: Personal Investments
Topic: Please help me invest a little sentimental mad money
Replies: 40
Views: 2671

Re: Please help me invest a little sentimental mad money

... So - now I would like to have some fun with her money. I don't want to just put it into a savings account or MM that we currently have. I know it might not be the best financial strategy, but I would like to open an account or an investment just for this money - and see what I can do with it. I...
by Fallible
Tue Sep 17, 2019 1:44 pm
Forum: Personal Investments
Topic: Failing at Market Timing & Stock Picking- How to get an Asset Allocation I'm Comfortable With
Replies: 44
Views: 4252

Re: Failing at Market Timing & Stock Picking- How to get an Asset Allocation I'm Comfortable With

I am writing this post as a homeage to my failure in market timing. It has cost me a lot and I am ready to stop. I believe I have found an asset allocation I feel comfortable with and can stick to. ... Have you read Larry Swedroe's blogs on ability, willingness, and need to take risk? They provide ...
by Fallible
Tue Sep 17, 2019 11:58 am
Forum: US Chapters
Topic: Where Bogleheads Live
Replies: 31
Views: 5279

Re: Where Bogleheads Live

Interesting numbers but in response to the subject "Where Bogleheads Live", downloads may be a misleading stat in determining where we all live. I listen every month (and BTW, really enjoy your interviews), but I do so online and don't download. Keep up the great work! They are interesting numbers,...
by Fallible
Sun Sep 15, 2019 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: What does “Stay the Course” mean exactly?
Replies: 35
Views: 3205

Re: What does “Stay the Course” mean exactly?

I’ve always interpreted it to mean to develop your investment plan (IPS) and then follow it religiously no matter what the market does. But is this what Jack Bogle meant? I think "no matter what the market does" is the essence of "stay the course." In Jack's last book, Stay the Course , he writes: ...
by Fallible
Sun Sep 15, 2019 1:08 pm
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 242
Views: 28147

Re: Index Funds Bubble? [Michael Burry article]

Mr. Swedroe commented on this: https://www.evidenceinvestor.com/talk-of-a-passive-bubble-is-just-hot-air/ Larry's good article, titled "Talk of a Passive Bubble is Just Hot Air," shows how passive "bubble" talk is not new, where it comes from and why, and why - even though attacks on passive invest...
by Fallible
Sat Sep 14, 2019 9:40 pm
Forum: Investing - Theory, News & General
Topic: The best portfolios when the going gets rough
Replies: 72
Views: 6742

Re: The best portfolios when the going gets rough

It is always wisefor readers in general to know the source of something that could influence their behavior. In this case, it's a financial blog that could influence how they invest their money. And judging from Tyler's previous reply to me and to his being a Boglehead :-) , I think he would agree. ...
by Fallible
Sat Sep 14, 2019 9:05 pm
Forum: Investing - Theory, News & General
Topic: The best portfolios when the going gets rough
Replies: 72
Views: 6742

Re: The best portfolios when the going gets rough

I fail to understand why we need to know Tyler9000's true identity in order to judge his work as an author. Seems to me that those are unrelated. Either his work stands on its own or it doesn't, anything else is just a fallacious appeal to authority. An author and his or her work are one and the sa...
by Fallible
Sat Sep 14, 2019 6:54 pm
Forum: Investing - Theory, News & General
Topic: The best portfolios when the going gets rough
Replies: 72
Views: 6742

Re: The best portfolios when the going gets rough

It's always good to know the sources of these blogs, especially financial blogs. Here's the author of this one: https://portfoliocharts.com/about/ Good one. Author is a Mechanical Engineer. Always know the source. . . . On the other hand, William Bernstein was also a neurologist, although his finan...
by Fallible
Sat Sep 14, 2019 6:05 pm
Forum: Investing - Theory, News & General
Topic: The best portfolios when the going gets rough
Replies: 72
Views: 6742

Re: The best portfolios when the going gets rough

It's always good to know the sources of these blogs, especially financial blogs. Here's the author of this one: https://portfoliocharts.com/about/ Good one. Author is a Mechanical Engineer. Always know the source. . . . On the other hand, William Bernstein was also a neurologist, although his finan...
by Fallible
Sat Sep 14, 2019 4:15 pm
Forum: Investing - Theory, News & General
Topic: The best portfolios when the going gets rough
Replies: 72
Views: 6742

Re: The best portfolios when the going gets rough

It's always good to know the sources of these blogs, especially financial blogs. Here's the author of this one:

https://portfoliocharts.com/about/
by Fallible
Sat Sep 14, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: The Best Financial Advice I Ever Got
Replies: 8
Views: 3290

Re: The Best Financial Advice I Ever Got

I suspect that he was merely providing an example of how you should be consistent and not fear ups and down in the market. Don't sweat it. I don't think he was being quite as literal as many people are taking it. Cheers! :D Agree. Bogle has been clear about what he meant by "Don't peek," but it's s...
by Fallible
Fri Sep 13, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: The Best Financial Advice I Ever Got
Replies: 8
Views: 3290

Re: The Best Financial Advice I Ever Got

And there are mentions also of Jack Bogle and of another Boglehead pro, Allan Roth. Thanks for posting and here's a portion of Allan's comment: The best investment advice I’ve received came from a book that wasn’t even about investing. That book, “Predictably Irrational” by Dan Ariely, delves into o...
by Fallible
Fri Sep 13, 2019 1:14 pm
Forum: Personal Consumer Issues
Topic: Need gift ideas for my parents
Replies: 18
Views: 1368

Re: Need gift ideas for my parents

scifilover wrote:
Fri Sep 13, 2019 6:04 am
Not enough info......
Parents age range, interests, ??????
Agree! Good ideas will be based not on cost, but on meaning that reflects their interests and personalities, and what gift can best express that.
by Fallible
Fri Sep 13, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Whistleblowing / Going Rogue at Work
Replies: 122
Views: 6460

Re: Whistleblowing / Going Rogue at Work

... About a month ago this person got promoted to President. I recently sent them an email saying congratulations and looking forward to their leadership. I also let them know the situation hasn't changed and I want to know I can continue to help. Well the person wrote back - and they want to meet ...
by Fallible
Thu Sep 12, 2019 12:14 pm
Forum: Investing - Theory, News & General
Topic: Not market timing is hard
Replies: 31
Views: 3187

Re: Not market timing is hard

... Of course, I know in my head that it is better to just keep rebalancing as needed and call it a day. It is really fascinating to understand this feeling - the feeling of is this a golden opportunity? The feeling is human nature, one of temptation, of emotion over reason requiring discipline. An...
by Fallible
Tue Sep 10, 2019 11:59 am
Forum: Investing - Theory, News & General
Topic: Allan Roth: Why Risk-Profile Questionnaires Don’t Work
Replies: 48
Views: 3749

Re: Allan Roth: Why Risk-Profile Questionnaires Don’t Work

The '08/'09 downturn was the litmus test for me. Me too. 2008 was a great risk-profile questionnaire! Other questionnaires showed that I would be fine with 100% stocks. The "2008 questionnaire" showed that 100% fixed income was more my style. Good points on 2008. In my case, despite having been inv...
by Fallible
Tue Sep 10, 2019 11:06 am
Forum: Investing - Theory, News & General
Topic: Short Selling Stocks was Invented as Revenge
Replies: 6
Views: 879

Re: Short Selling Stocks was Invented as Revenge

fposte wrote:
Tue Sep 10, 2019 10:49 am
Very enjoyable. It seems strongly influenced by Drunk History, but that’s a good thing.
It's right up there (or down) with "Drunk History" and, IMO, just as well done, but with a more useful message about the perils of short selling.
by Fallible
Mon Sep 09, 2019 8:01 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4800
Views: 1251107

Re: What Movie Have You Recently Watched?

You might enjoy the comic strip "Mutts" often showing the cat, Mooch, doing these "casual" things. Also features a dog, Earl, often led astray by Mooch. One of the better animal strips. One of my regulars. My vet says not all cats move things, and although there are many theories, it's still not kn...