Search found 7391 matches

by Fallible
Thu Sep 17, 2020 4:58 pm
Forum: Personal Investments
Topic: Smarty Pants (not)
Replies: 9
Views: 1350

Re: Smarty Pants (not)

Hello all. Wondering if I'm alone in doing this. I stuck to my AA throughout all this craziness. I didn't rebalance when stocks tanked in March :oops: but I did keep dollar cost averaging into equities. I will rebalance in December, which I always do. BUT (always a big but) I also tried to be reall...
by Fallible
Tue Sep 15, 2020 11:12 am
Forum: Investing - Theory, News & General
Topic: Upon reading 'The Bogleheads' Guide to Investing'
Replies: 13
Views: 1220

Re: Upon reading 'The Bogleheads' Guide to Investing'

Some things struck me... The book highlights importance of avoiding the herd but also advises investing primarily in index funds. Is this not contradictory? ... I don't see a contradiction. In the section on "Following the Herd," the book states that herd investors have "certain traits. They don't ...
by Fallible
Mon Sep 14, 2020 8:43 pm
Forum: Personal Consumer Issues
Topic: Caretaker for parents?
Replies: 45
Views: 2637

Re: Caretaker for parents?

Thanks for the responses, everyone. Long term care, yes. My mistake. I am guessing I would only be able to help out until it wasn't feasible. At that point, they would need professional help. They're not buying that now (no pun intended) but they'll have to at some point. Then you do realize that y...
by Fallible
Sun Sep 13, 2020 12:34 pm
Forum: Personal Investments
Topic: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million
Replies: 76
Views: 7265

Re: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million

Is it just me...? Or has there been of late a rash of first-time or nearly first-time posters seeking advice about go-go strategies, can’t lose companies, and other assorted ways to beat the benchmarks? OP , did you take any time at all to absorb the purpose and philosophy of this board? To grasp w...
by Fallible
Sat Sep 12, 2020 7:38 pm
Forum: Personal Investments
Topic: Buy and hold investor: when to sell?
Replies: 17
Views: 1186

Re: Buy and hold investor: when to sell?

Hello, I'm fairly new to this forum and new to investing. I'm a buy and hold investor. In my Roth IRA I have two stocks that are doing quite well, over 25% profit on each. Do I continue to hold as per my investment strategy, or do I sell. I have read that once a stock gets over 20% they tend to dro...
by Fallible
Sat Sep 12, 2020 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Would you fire your financial advisor for this error?
Replies: 45
Views: 4648

Re: Would you fire your financial advisor for this error?

...Is it worth paying 0.5% AUM with a mistake of that type, or would you leave the advisor? ... Focusing on the mistake alone, it apparently was caught early and your mother notified in time. On that basis, there probably would be no reason to quit the advisor. But this assumes that the advisor has...
by Fallible
Thu Sep 10, 2020 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: How to stop judging how other people spend/invest
Replies: 76
Views: 4731

Re: How to stop judging how other people spend/invest

I keep my nose out of other's business. If I am asked directly for advise, I stick to describing how I do things and why I do them, I never focus on how THEY do things or comment on THEIR methods. This keeps me from making assumptions on other's situations, while also keeping others from being defe...
by Fallible
Tue Sep 08, 2020 2:14 pm
Forum: Investing - Theory, News & General
Topic: Don't Think Like A Lizard!
Replies: 23
Views: 3425

Re: Don't Think Like A Lizard!

Fellow Bogleheads I recently read an article about investing that inspired me to make this post. I've often marveled at how many people, even those who consider themselves "Bogleheads", often panic and sell when the market stumbles. I think we need a new term to help us all understand why we should...
by Fallible
Tue Sep 08, 2020 12:14 pm
Forum: Personal Investments
Topic: I am buying $2000 VFIAX everyday. Am I in trouble
Replies: 36
Views: 5633

Re: I am buying $2000 VFIAX everyday. Am I in trouble

I have Vanguard automatic investment for $2000 of VFIAX everyday. I dont plan to withdraw it in near future but when I do, am I in trouble for accounting purpose? I don't understand the purpose of doing this. What are you trying to accomplish? How long are you going to do it, or how much cash do yo...
by Fallible
Mon Sep 07, 2020 5:14 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads cope with FOMO? [Fear Of Missing Out]
Replies: 97
Views: 7333

Re: How do Bogleheads cope with FOMO?

You can cope with the temptation of FOMO by knowing you, by knowing what is right for you, by knowing what is enough, by believing in you and staying true to you, and by valuing this above all else when it comes not just to money, but to all of life. It's that simple, and that hard.
by Fallible
Mon Sep 07, 2020 4:50 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4581
Views: 1278293

Re: What Book Are You Currently Reading? Part VI

" What Intelligence Tests Miss: The Psychology of Rational Thought " by Keith E. Stanovich. Stanovich's work, including this book, was referenced in Daniel Kahneman's "Thinking, Fast and Slow." Stanovich is Kahneman's primary source for the dual-system processing (System 1 and System 2) concept. I ...
by Fallible
Sun Sep 06, 2020 6:42 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4581
Views: 1278293

Re: What Book Are You Currently Reading? Part VI

" What Intelligence Tests Miss: The Psychology of Rational Thought " by Keith E. Stanovich. Stanovich's work, including this book, was referenced in Daniel Kahneman's "Thinking, Fast and Slow." Stanovich is Kahneman's primary source for the dual-system processing (System 1 and System 2) concept. I ...
by Fallible
Sun Sep 06, 2020 11:30 am
Forum: Personal Consumer Issues
Topic: What expenditures improved your happiness/quality of life?
Replies: 217
Views: 39516

Re: What expenditures improved your happiness/quality of life?

Speaking of dogs in the posts above, I realize once again the fun and happiness they brought to family members all of my long life. And they still do when we remember them in conversations, photos, and videos. Most were mutts adopted as puppies from shelters and all with distinct personalities. All ...
by Fallible
Sat Sep 05, 2020 5:07 pm
Forum: Investing - Theory, News & General
Topic: Assessing your investment behavior during the pandemic
Replies: 35
Views: 2146

Re: Assessing your investment behavior during the pandemic

My mind is mostly on the pandemic and its horrific human impact. When it is on the stock market, I feel no need to do anything and that must mean my asset allocation is close to right for me. I credit that largely to lessons learned from the Global Financial Crisis/Great Recession/Credit Crunch/Near...
by Fallible
Sat Sep 05, 2020 1:14 pm
Forum: Non-US Investing
Topic: How will you describe your investing journey so far?
Replies: 51
Views: 3464

Re: How will you describe your investing journey so far?

... Lucky to find Jack Bogle and low-cost index funds as I began investing in the market. :D Great to hear that. Since when have you been in the market. How did you managed to get rid of the fear during all this time? ... It's not getting rid of fear but learning to understand and deal with it, sam...
by Fallible
Sat Sep 05, 2020 10:38 am
Forum: Personal Consumer Issues
Topic: San Jose, CA: Need high school chamber musicians
Replies: 8
Views: 463

Re: San Jose, CA: Need high school chamber musicians

Hello, Not sure where to put this. Given the pandemic DW and I have decided to break up the monotony by paying high schoolers to come perform on our lawn for our toddler. (We watch from 20 feet away.) If you have a teenager(s) who is looking to make a little extra cash without risking infection, pl...
by Fallible
Fri Sep 04, 2020 9:25 pm
Forum: Personal Consumer Issues
Topic: How to learn to draw behavior gap style diagrams ?
Replies: 10
Views: 880

Re: How to learn to draw behavior gap style diagrams ?

A guy by the name of Richard Feynman was pretty good at this sort of thing. Apparently he was pretty good on the bongo drums as well. https://upload.wikimedia.org/wikipedia/commons/thumb/1/1f/Feynmann_Diagram_Gluon_Radiation.svg/287px-Feynmann_Diagram_Gluon_Radiation.svg.png And fwiw, he was also a...
by Fallible
Fri Sep 04, 2020 1:57 pm
Forum: Non-US Investing
Topic: How will you describe your investing journey so far?
Replies: 51
Views: 3464

Re: How will you describe your investing journey so far?

Lucky to find Jack Bogle and low-cost index funds as I began investing in the market.
by Fallible
Fri Sep 04, 2020 1:21 pm
Forum: Personal Consumer Issues
Topic: How to learn to draw behavior gap style diagrams ?
Replies: 10
Views: 880

Re: How to learn to draw behavior gap style diagrams ?

Hi, I have seen few people do a very good job of expressing message diagrammatically. Here are few examples: https://behaviorgap.com/ http://liminalthinking.com/book-snippets/ Any courses that will teach this ? Any books ? ... You have great ideas already posted here so I'll just say that your subj...
by Fallible
Thu Sep 03, 2020 12:53 pm
Forum: Investing - Theory, News & General
Topic: Where is the joy ? How long can this joyless ride last ?
Replies: 66
Views: 6724

Re: Where is the joy ? How long can this joyless ride last ?

Market is setting new records everyday. In normal times, this would be a joyful time but this time feels different for obvious reasons. How long can this separation between the real world and the market persist ? Can anyone justify s&p 500 and nasdaq shattering records everyday and dow getting clos...
by Fallible
Thu Aug 27, 2020 4:59 pm
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 11679

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

As a 30 year old with extremely high risk tolerance it tells me you haven't lived through a prolonged bear market. A lot of us became a lot less risk tolerant back around 2000 and again in 2008. Certainly you should be weighted toward stocks but maybe do 80-20. Don't use hindsight to get down on yo...
by Fallible
Thu Aug 27, 2020 11:35 am
Forum: Personal Investments
Topic: What to do/read/follow if retiring in 8-10 years?
Replies: 20
Views: 1977

Re: What to do/read/follow if retiring in 8-10 years?

David Jay wrote: Mon Aug 24, 2020 2:45 pm Jane Quinn Bryant's book: "How to Make your Money Last" is a good one. It covers many aspects - Social Security, Medicare, Estate Planning, etc.
Very much agree on this book by Jane Bryant Quinn for near retirees and retirees.
by Fallible
Thu Aug 27, 2020 11:21 am
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 11679

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

As a 30 year old with extremely high risk tolerance it tells me you haven't lived through a prolonged bear market. A lot of us became a lot less risk tolerant back around 2000 and again in 2008. Certainly you should be weighted toward stocks but maybe do 80-20. Don't use hindsight to get down on yo...
by Fallible
Wed Aug 26, 2020 12:34 pm
Forum: Investing - Theory, News & General
Topic: "Why Young Investors Shouldn't Dabble in Stocks"
Replies: 43
Views: 4310

Re: "Why Young Investors Shouldn't Dabble in Stocks"

Two important comments from Benz about young people and investing are: "talk to young folks" and "explain to them." The first refers to a "tax-sheltered investment vehicle to do their saving," and the second is about making sure they "have those short-term reserves on hand." What's important about t...
by Fallible
Wed Aug 26, 2020 10:04 am
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 11679

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

OP, 100% is right only if it is right for you, only if you have learned what is right for you. The good topic question you've posted and your replies show that you have more to learn about investing (don't we all?), about asset allocation, about risk tolerance and all that goes into deciding how muc...
by Fallible
Tue Aug 25, 2020 3:08 pm
Forum: Investing - Theory, News & General
Topic: Book recommendations for young adults/new investors
Replies: 21
Views: 1377

Re: Book recommendations for young adults/new investors

the Warren Buffett bio, "The Making of an American Capitalist," by Roger Lowenstein I've read this and "The Snowball" by Alice Schroeder. The Lowenstein book is shorter and more nuts and bolts. More of a straight up biography. The Schroeder book is much more in depth and (IMO) compelling as she had...
by Fallible
Mon Aug 24, 2020 9:33 pm
Forum: Investing - Theory, News & General
Topic: Book recommendations for young adults/new investors
Replies: 21
Views: 1377

Re: Book recommendations for young adults/new investors

It would help to know their ages, education, investment experience, if any, interests, etc., that could help narrow the choices. Did they like "If You Can"? First - HS education, age 24, working retail management. Good saver w/at least 40k between cash and investments. Contributed a little to a Rot...
by Fallible
Mon Aug 24, 2020 5:01 pm
Forum: Investing - Theory, News & General
Topic: A Plea for Ordinary English
Replies: 128
Views: 9687

Re: A Plea for Ordinary English

I have noticed an increasing use of posts with many words that I cannot understand. Jack Bogle's Words of Wisdom: "In investing, strip all the baloney out of it, and give people what you promise." Very good point, Taylor. Not being in the field of finance, I often have to look up terms used in the ...
by Fallible
Mon Aug 24, 2020 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: At what point do you start hiring advisors?
Replies: 28
Views: 2752

Re: At what point do you start hiring advisors?

At what point in your financial journey do you start outsourcing some of what you've been doing? CPA's, Lawyer's, what have you. ... Then once I look at taxable investing and converting old retirement accounts to Roth, I'll hire some professional help. But there seems to be a variety of ways to go....
by Fallible
Sun Aug 23, 2020 6:12 pm
Forum: Investing - Theory, News & General
Topic: Book recommendations for young adults/new investors
Replies: 21
Views: 1377

Re: Book recommendations for young adults/new investors

I was looking for a book on investing that I could use as a Christmas gift for two young adults this holiday season. I purchased "A Random Walk Down Wall Street" to review since it seemed like a good candidate. I think that this is a really good candidate because the book covers a lot of territory ...
by Fallible
Sun Aug 23, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Do you talk to your friends/family/coworkers about this stuff?
Replies: 210
Views: 16285

Re: Do you talk to your friends/family/coworkers about this stuff?

I really wish someone had educated me about these things a decade ago. However I know talking about money/finances is generally frowned upon socially so most people don't. Do you guys try to educate or talk to your social circle about these things? Why or why not? There's a big difference between j...
by Fallible
Thu Aug 20, 2020 10:10 am
Forum: Investing - Theory, News & General
Topic: Economist article on bubbles and exuberance
Replies: 65
Views: 5929

Re: Economist article on bubbles and exuberance

... They basically suggest we are in a bubble, but that it's difficult/impossible to time the moment it bursts. I am not thinking of selling my investments, but I think I may delay making new ones. But please tell me what you think ... If your asset allocation is correctly based on your risk tolera...
by Fallible
Wed Aug 19, 2020 5:54 pm
Forum: Investing - Theory, News & General
Topic: Can Academics Beat the Stock Market?
Replies: 109
Views: 7147

Re: Can Academics Beat the Stock Market?

Bogleheads: ... Lesson learned: Academics are no better beating the market than the rest of us. ... And I think the tendency to believe that academics should be better able to beat the market is based largely on their extensive studies leading to greater knowledge. Yet what seems most valuable in i...
by Fallible
Wed Aug 19, 2020 11:30 am
Forum: Investing - Theory, News & General
Topic: How does one respond to this ethical/emotional critique of indexing?
Replies: 57
Views: 4029

Re: How does one respond to this ethical/emotional critique of indexing?

Kenkat wrote: Wed Aug 19, 2020 7:59 am I think it is a passionate attempt to appeal to emotion in order to separate you from your money
Yes. The emotions of one losing money appealing to emotions of those making money elsewhere. The emotion appealed to is usually fear of missing out by being "average."
by Fallible
Tue Aug 18, 2020 11:08 pm
Forum: Investing - Theory, News & General
Topic: Can Academics Beat the Stock Market?
Replies: 109
Views: 7147

Re: Can Academics Beat the Stock Market?

I read the Lowenstein book and was amazed by the many mistakes and types of mistakes made at LTCM. Ben Carlson wrote an excellent article about it aptly titled "The Fight To Keep It Simple": One of the most dangerous places to be as an investor is when you’re the smartest person in the room. Smarts,...
by Fallible
Tue Aug 18, 2020 6:36 pm
Forum: Personal Consumer Issues
Topic: Dog having trouble using doggy door
Replies: 6
Views: 742

Re: Dog having trouble using doggy door

... A professional glass installer did the installation. Before I signed the contract, I expressed concerns that the dog might have difficulty using it, but he didn't think it would be an issue. She's used a doggy door before, so that's not the issue. It's just the awkwardness of maneuvering the di...
by Fallible
Mon Aug 17, 2020 3:05 pm
Forum: Investing - Theory, News & General
Topic: The Roles of Emotions, Values: Jonathan Clements
Replies: 10
Views: 951

Re: The Roles of Emotions, Values: Jonathan Clements

delamer wrote: Sun Aug 16, 2020 12:31 pm All financial decisions involve assessing risk.

And people approach that in a wide variety of ways, which reflect their values/personalities/education. ...
I think this nicely and neatly sums up Jonathan's thoughts. :-)
by Fallible
Mon Aug 17, 2020 3:00 pm
Forum: Investing - Theory, News & General
Topic: The Roles of Emotions, Values: Jonathan Clements
Replies: 10
Views: 951

Re: The Roles of Emotions, Values: Jonathan Clements

Not surprised at all. These are rather subjective things. Most of the reasons to pick one thing or the other are overstated anyways. In particular the word "better" is often thrown in even when "better" means a 0.01% lower expense ratio or a 0.05% increase in performance or $132.81 lower tax or 2 m...
by Fallible
Mon Aug 17, 2020 1:45 pm
Forum: Investing - Theory, News & General
Topic: The Roles of Emotions, Values: Jonathan Clements
Replies: 10
Views: 951

Re: The Roles of Emotions, Values: Jonathan Clements

Not surprised at all, nor particularly bothered by it. As an example, many people on this board advocate becoming conservative after hitting “their number”, while others say it lets them take on more risk. There isn’t a right answer without considering emotions. Even a decision that seems mathemati...
by Fallible
Sun Aug 16, 2020 11:38 am
Forum: Investing - Theory, News & General
Topic: The Roles of Emotions, Values: Jonathan Clements
Replies: 10
Views: 951

The Roles of Emotions, Values: Jonathan Clements

From buying a car to second homes to delaying Social Security, to actively buying-selling stocks, to lump sum vs. dollar-cost average, to dividend-paying stocks, to asset allocation, author and former WSJ columnist Jonathan Cements writes about the emotions and values involved. Here's a sampling and...
by Fallible
Sun Aug 16, 2020 11:04 am
Forum: Investing - Theory, News & General
Topic: [How does one fight the urge to make simple things more complex?]
Replies: 82
Views: 4852

Re: [How does one fight the urge to make simple things more complex?]

Being simple is not always easy. I think our culture and education makes it that way. Exactly! As Warren Buffett and Jack Bogle have often said: "Investing is simple, but it's not easy." The "not easy" part is about the individual struggle for the discipline, patience, etc., to choose the right cou...
by Fallible
Fri Aug 14, 2020 3:28 pm
Forum: Investing - Theory, News & General
Topic: [How does one fight the urge to make simple things more complex?]
Replies: 82
Views: 4852

Re: [How does one fight the urge to make simple things more complex?]

I simply like simple. I truly appreciate it and think I always have, so maybe that suggests nature along with nurture? I don't know, but the only difficulty I've had keeping things simple - and not just when investing - is taking time to understand something well enough to discover its simplicity. F...
by Fallible
Wed Aug 12, 2020 8:07 pm
Forum: Personal Investments
Topic: Where to direct a new investor?
Replies: 15
Views: 1071

Re: Where to direct a new investor?

Looking to point family/ friends in the direction of index investing, what would be the best place to direct them so they can see the virtues of index investing? Your request is ambitious. It's hard to know the right direction to send one investor let alone a group, even if indexing does narrow it ...
by Fallible
Tue Aug 11, 2020 6:20 pm
Forum: Investing - Theory, News & General
Topic: Thinking Fast and Slow
Replies: 145
Views: 15725

Re: Thinking Fast and Slow

A new thread on Kahneman and Tversky's loss aversion takes up replication also discussed here:

viewtopic.php?f=10&t=322611&p=5427085#p5427085
by Fallible
Tue Aug 11, 2020 6:08 pm
Forum: Investing - Theory, News & General
Topic: Loss aversion study replicated
Replies: 1
Views: 304

Re: Loss aversion study replicated

Regular readers of this forum are probably well aware of loss aversion, especially when there has been a sharp drop in the market. Here is another study that replicates earlier findings regarding loss aversion. This was published back in April and I found it interesting after the market drop in Mar...
by Fallible
Mon Aug 10, 2020 5:13 pm
Forum: Investing - Theory, News & General
Topic: "The 'Train Wreck' Awaiting American Retirement"
Replies: 9
Views: 3842

Re: "The 'Train Wreck' Awaiting American Retirement"

Thank you, Taylor. Not only is it one of Jack's best, I think it is one of the best interviews of him. An example: " Interviewer : What’s this got to do with me and my retirement funds if Wall Street wants to make a lot of bets? Now, we know that when they make bad bets on a lot of crappy mortgages,...
by Fallible
Fri Aug 07, 2020 5:58 pm
Forum: Investing - Theory, News & General
Topic: Thinking Fast and Slow
Replies: 145
Views: 15725

Re: Thinking Fast and Slow

I finished the book. I doubt if I would have if it were not for the pandemic, but I am happy I did. ... The book on a whole was a mixed bag of good ideas and flaws. If Kahneman didn't seem to invoke (and imho encourage) the kind of worship that it appears to me he does in some circles, and particul...
by Fallible
Fri Aug 07, 2020 12:55 pm
Forum: Investing - Theory, News & General
Topic: The Psychology of Money - A Blog Post
Replies: 86
Views: 14354

Re: Intelligent Investor: Wealthy vs Rich

I'd like to add the article is by Jason Zweig and it begins, It isn’t often that I receive a new book I feel I have to read, but I couldn’t wait to dig into “The Psychology of Money.” To be published next month, this 242-page, easy-to-read book by Morgan Housel isn’t about investing. It’s about how...
by Fallible
Wed Aug 05, 2020 4:58 pm
Forum: Investing - Theory, News & General
Topic: 2020 Bogleheads Conference Update
Replies: 68
Views: 9682

Re: 2020 Bogleheads Conference Update

Looking forward to the virtual conference and very appreciative of the hard work plannng for it by an outstanding board.
by Fallible
Tue Aug 04, 2020 5:14 pm
Forum: Investing - Theory, News & General
Topic: How did you determine risk tolerance?
Replies: 106
Views: 6312

Re: How did you determine risk tolerance?

Fallible: My risk tolerance has definitely increased until now I scarcely notice bear markets and corrections. Here is a good rule of thumb about asset-allocation that lets me sleep well: Keeping my cash and bond allocation in the amount that I cannot afford to lose. Best wishes. Taylor Jack Bogle'...