Search found 6571 matches

by Fallible
Fri Feb 15, 2019 7:43 pm
Forum: Investing - Theory, News & General
Topic: Did you get spooked by the December 2018 fall and gave up on passive?
Replies: 58
Views: 2300

Re: Did you get spooked by the December 2018 fall and gave up on passive?

The December plunge was brutal and to rub salt on injury, lots of experts said cash is an asset class that will now compete with equities. So now that the markets have reverted back to their early December 2018 levels, are you feeling like getting into cash, or have already gotten into cash? Just w...
by Fallible
Fri Feb 15, 2019 3:02 pm
Forum: Investing - Theory, News & General
Topic: Charlie Munger: Teaching young people to actively trade stocks is like starting them on heroin
Replies: 35
Views: 2835

Re: Charlie Munger: Teaching young people to actively trade stocks is like starting them on heroin

High school stock market games are aimed basically at the short-term, at instant gratification, at the emotions. But why not use this allure of the game to begin teaching about the long-term and work it into financial literacy overall? Once students playing the game are hooked (addicted?) on the sho...
by Fallible
Thu Feb 14, 2019 10:53 pm
Forum: Investing - Theory, News & General
Topic: Charlie Munger: Teaching young people to actively trade stocks is like starting them on heroin
Replies: 35
Views: 2835

Re: Charlie Munger: Teaching young people to actively trade stocks is like starting them on heroin

Munger aptly describes "active stock pickers still in a state of denial that their expertise is worth the fees they charge clients." I think we've seen this in some posts on the forum by active management (or at least suspected active managers since they don't always identify themselves as such). "T...
by Fallible
Thu Feb 14, 2019 10:22 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3572
Views: 1040172

Re: What Book Are You Currently Reading? Part VI

Those who love flying, women especially, may enjoy A Spitfire Girl by Mary Ellis (as told to Melody Foreman), focusing on women who flew with the Air Transport Auxiliary in WWII. The ATA was formed in 1940 to fly new fighters and bombers from the factories to RAF and Fleet Air Arm airfields. Amazing...
by Fallible
Wed Feb 13, 2019 2:08 pm
Forum: Investing - Theory, News & General
Topic: Market Timing recommendation from Mr. Bogle himself?
Replies: 6
Views: 1220

Re: Market Timing recommendation from Mr. Bogle himself?

I found this Forbes article rather interesting... considering Bogle was the source of much of the content. I realize it is very contrary to this sites beliefs ... but it did come from his mouth. The Question: Are these the times to re-consider hiring a professional "money manager" ... or should we ...
by Fallible
Wed Feb 13, 2019 1:08 pm
Forum: Investing - Theory, News & General
Topic: is rebalancing loosely akin to market timing?
Replies: 59
Views: 2505

Re: is rebalancing loosely akin to market timing?

OP (miket29), haven't heard back from you yet. Are your questions being answered?
by Fallible
Tue Feb 12, 2019 7:32 pm
Forum: Investing - Theory, News & General
Topic: "Don’t Compare Your Investment Returns With Others (Especially On The Internet)"
Replies: 34
Views: 3330

Re: "Don’t Compare Your Investment Returns With Others (Especially On The Internet)"

I'd say InvestorNewb's post (link below in the article) and all that posts 47 pages of responses just got called out (except for those who said they don't know and don't care): There is a longstanding thread on Bogleheads called “What are you up YTD?”, which asks readers to post their investment re...
by Fallible
Tue Feb 12, 2019 7:18 pm
Forum: Investing - Theory, News & General
Topic: is rebalancing loosely akin to market timing?
Replies: 59
Views: 2505

Re: is rebalancing loosely akin to market timing?

I wonder if the continued confusion about rebalancing being market timing is because we just want to believe it, because there is some need to believe it. It’s similar to other forum threads on whether reacting to market volatility is about market timing when it often is about risk tolerance and the...
by Fallible
Tue Feb 12, 2019 6:26 pm
Forum: Personal Consumer Issues
Topic: Best ways to provide STRUCTURE to retired life
Replies: 71
Views: 5327

Re: Best ways to provide STRUCTURE to retired life

How do you bring your dog in the grocery store? Is HEB or Randall’s pet friendly? My dog will sit/lie patiently outside leashed to a bike rack or other permanent small structure. Many people know him. I used to tie my dog either to a heavy bench or bike rack outside a supermarket but would check on...
by Fallible
Tue Feb 12, 2019 11:42 am
Forum: Investing - Theory, News & General
Topic: "Don’t Compare Your Investment Returns With Others (Especially On The Internet)"
Replies: 34
Views: 3330

Re: "Don’t Compare Your Investment Returns With Others (Especially On The Internet)"

I'd say InvestorNewb's post (link below in the article) and all that posts 47 pages of responses just got called out (except for those who said they don't know and don't care): There is a longstanding thread on Bogleheads called “What are you up YTD?”, which asks readers to post their investment re...
by Fallible
Mon Feb 11, 2019 11:03 pm
Forum: Personal Consumer Issues
Topic: Best ways to provide STRUCTURE to retired life
Replies: 71
Views: 5327

Re: Best ways to provide STRUCTURE to retired life

My employment provides a lot of structure to my life. The spouse argues this is a good thing and that without it I would be adrift and thus, must delay retirement until as late as possible. For those of you who benefit from structure, how do you achieve it in retirement? I don't mean a *self-impose...
by Fallible
Mon Feb 11, 2019 10:23 pm
Forum: Investing - Theory, News & General
Topic: What Is Your Favorite Bogle Quote?
Replies: 48
Views: 2555

Re: What Is Your Favorite Bogle Quote?

Having to pick just one of so many great ones, I'll go with this one naming the two general areas he most focused on, the financial industry and the all-too-human investor:
The two greatest enemies of the equity fund investor are expenses and emotions.
by Fallible
Mon Feb 11, 2019 7:35 pm
Forum: Personal Consumer Issues
Topic: Thoreau Simplify
Replies: 58
Views: 5435

Re: Thoreau Quotes

Bogleheads: Many years ago a friend gave me Henry Thoreau's book, "Walden." The book changed my life with ideas such as these: “If a man doesn't keep pace with his companions, perhaps it's because he hears a different drummer.” Thank you, Taylor. I have read Thoreau very sporadically and not with d...
by Fallible
Mon Feb 11, 2019 6:29 pm
Forum: Investing - Theory, News & General
Topic: "Don’t Compare Your Investment Returns With Others (Especially On The Internet)"
Replies: 34
Views: 3330

Re: "Don’t Compare Your Investment Returns With Others (Especially On The Internet)"

No comparing returns here. The only thing I wonder about other investors is whether they're active or passive: if active, I wonder about the fees they pay, if they're even aware of them, and if they ever total them up over a long period; if passive, I might wonder whether their asset allocation is r...
by Fallible
Sun Feb 10, 2019 6:41 pm
Forum: Investing - Theory, News & General
Topic: How Investing Ability Changes With Age --blog post
Replies: 33
Views: 2402

Re: How Investing Ability Changes With Age --blog post

I did not read all of the Korniotis and Kumar study, but enough to question how meaningful an "older" age range of 75-94 could be. It's a long way from 75 to 94. Also, I think reading the study's Abstract is important vs. reading only what the blog's author wrote about it (boldface is mine): Abstrac...
by Fallible
Sun Feb 10, 2019 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Did you investigate your partner's financial background before committing?
Replies: 99
Views: 5636

Re: Did you investigate your partner's financial background before committing?

... I've been thinking a lot about this lately, and it seems to me, as callous as it might sound, that it would be downright foolhardy these days not to have a private investigator look into the financial past (at a minimum) of anyone you're thinking of committing to. ... At any time, would you let...
by Fallible
Sun Feb 10, 2019 3:50 pm
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 149
Views: 14522

Re: "John Bogle. RIP"

A solid tribute to John Bogle and the quotes are some of his best. Also a very good newsletter and I continued reading to the end. Thanks for posting, Taylor.
by Fallible
Sun Feb 10, 2019 1:39 pm
Forum: Investing - Theory, News & General
Topic: is rebalancing loosely akin to market timing?
Replies: 59
Views: 2505

Re: is rebalancing loosely akin to market timing?

For those who still see market timing in rebalancing, maybe this example from Charles Ellis, author of the classic Winning the Loser's Game , will help separate the two. Starts with the video, then the transcript: https://www.rebalance360.com/portfolio-rebalancing-keeps-track/ Transcript Best analog...
by Fallible
Sat Feb 09, 2019 10:12 pm
Forum: Investing - Theory, News & General
Topic: The Origins of Greed and Fear: Morgan Housel
Replies: 5
Views: 860

Re: The Origins of Greed and Fear: Morgan Housel

A major part of successful investing is "know thy self" and Housel's article does help with that, even if his one example is over the top. Not all of us fell that far before our enlightenment. I consider the latter part as the author adding a more exciting ending. Good point about "know thyself," a...
by Fallible
Sat Feb 09, 2019 10:01 pm
Forum: Personal Consumer Issues
Topic: Thoreau Simplify
Replies: 58
Views: 5435

Re: Thoreau Simplify

I seem to have always been content with simpler things in life and I credit mainly parents and grandparents for that. I loved Walden and, in college, also read E.B. White's light but somewhat critical essay, Walden, along with Brooks Atkinson's essay, Thoreau.
by Fallible
Sat Feb 09, 2019 9:06 pm
Forum: Investing - Theory, News & General
Topic: is rebalancing loosely akin to market timing?
Replies: 59
Views: 2505

Re: is rebalancing loosely akin to market timing?

Taking a riff off the term "closet indexing", I'm wondering if rebalancing is somewhat akin to market timing? In good years when you transfer money from stocks to bonds it seems like it is implicitly saying stocks may be pricy. And the inverse when stocks have fallen. It's following a rule rather t...
by Fallible
Sat Feb 09, 2019 4:08 pm
Forum: Investing - Theory, News & General
Topic: The Origins of Greed and Fear: Morgan Housel
Replies: 5
Views: 860

Re: The Origins of Greed and Fear: Morgan Housel

As I read it (and probably oversimplify it), greed could include ego and begins after an initial investment when the investor is tempted to want "too much" growth, too much of a good thing. Ultimately, it leads to fear of having failed and then to recognition and admission of failing, but also to fe...
by Fallible
Sat Feb 09, 2019 1:05 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3572
Views: 1040172

Re: What Book Are You Currently Reading? Part VI

I'm reading Keith Richards' autobiography, "Life". To quote: "Then 'Since my baby left me'. That was the first rock and roll I heard. It was a totally different sound, stripped down, burnt, no bullshit, no violins and ladies' choruses and schmaltz.... The silence is your canvas, that's your frame, ...
by Fallible
Fri Feb 08, 2019 4:56 pm
Forum: Investing - Theory, News & General
Topic: The Origins of Greed and Fear: Morgan Housel
Replies: 5
Views: 860

The Origins of Greed and Fear: Morgan Housel

Greed and fear, the words that move markets, are topics of Morgan Housel's latest column: Greed and fear control everything in investing. There is no amount of growth that can’t be destroyed by an investor’s temptation to grab too much of it. And there is no opportunity so appealing that it will cat...
by Fallible
Fri Feb 08, 2019 1:41 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3572
Views: 1040172

Re: What Book Are You Currently Reading? Part VI

I'm reading Keith Richards' autobiography, "Life". To quote: "Then 'Since my baby left me'. That was the first rock and roll I heard. It was a totally different sound, stripped down, burnt, no bullshit, no violins and ladies' choruses and schmaltz.... The silence is your canvas, that's your frame, ...
by Fallible
Fri Feb 08, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: "Living comfortably in retirement"
Replies: 71
Views: 8761

Re: "Living comfortably in retirement"

I would say it means having all your basic needs met Most people want more (including me), but a "comfortable" retirement means you have enough money to stay warm, fed, and dry. You have access to TV, Internet, books; you go for walks, you have friends and family, you have a car, and have access to...
by Fallible
Thu Feb 07, 2019 10:49 pm
Forum: US Chapters
Topic: Minnesota BH Main Meeting 1/26/19
Replies: 12
Views: 1163

Re: Minnesota BH Main Meeting 1/26/19

enso wrote:
Thu Feb 07, 2019 7:32 pm
Just found this site; disappointed to have missed such a recent meeting. How can I get in the loop to hear about future meetings?
Hi and welcome to the forum!

At the bottom of the agenda (beginning of this thread) there is a list of upcoming meetings and contact information.
by Fallible
Thu Feb 07, 2019 2:51 pm
Forum: Personal Consumer Issues
Topic: Seller is an expert, but may be lowballing themself, advice? (Audio added)
Replies: 46
Views: 4072

Re: Seller is an expert, but may be lowballing themself, advice?

Ok, here is the story. I've been playing the violin now for just over two years. I've only gone to one violin shop, a sole proprietor. It's just him running his luthier shop and he's on the younger side but well received in the music community. He's an actual luthier, not just some tinkerer. As suc...
by Fallible
Wed Feb 06, 2019 12:02 pm
Forum: Personal Consumer Issues
Topic: What do you blame for unhappiness in retirement?
Replies: 53
Views: 3700

Re: What do you blame for unhappiness in retirement?

I am about 55 and consider myself semi-retired. I go to teach every other day and make about 65% of what I used to make. I have about 25X to 28X of the annual expenses saved, dependent upon how you calculate. In theory, I could retire, but there are constant discussions on 3% rule, sequence of retu...
by Fallible
Tue Feb 05, 2019 1:17 pm
Forum: Personal Investments
Topic: Why my FA is rushing me to get out of Matson, whom he suggested in 2014.
Replies: 22
Views: 2830

Re: Why my FA is rushing me to get out of Matson, whom he suggested in 2014.

My FA has contacted clients, myself included, with new paperwork getting us out of 'Matson Money', because I was told he is concerned with his fiduciary responsibilities to us, his clients. Does anyone know anything going on with Matson? I have my IRA invested and a close friend told me to nix the ...
by Fallible
Sun Feb 03, 2019 10:41 pm
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 149
Views: 14522

Re: John C. Bogle: Renaissance Money Manager for the People

"Renaissance money manager for the people" is such an apt description of Jack Bogle and this especially well-worded tribute shows why. In addition, the article's last line presents a challenge: Now is the time for his family, friends, and Bogleheads to plan a series of living memorials to this great...
by Fallible
Sat Feb 02, 2019 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to approach family member
Replies: 33
Views: 2587

Re: How to approach family member

It's difficult to advise well when we don't know your father or very much about his finances beyond the $1 million. How well will he accept advice that amounts to telling him he is making bad decisions, that he is wrong and you are right? If not well, how will you deal with that?
by Fallible
Sat Feb 02, 2019 5:57 pm
Forum: Personal Investments
Topic: Ally Bank's nightmarish online reviews -- should I be worried?
Replies: 97
Views: 8675

Re: Ally Bank's nightmarish online reviews -- should I be worried?

Hey all. I opened an Ally account several months ago, but I'm still hesitant to transfer any money into it, even though their current yield for a savings account is up to 2.20%. I know Ally is a Bogleheads fave, which initially attracted me to it, but the amount of frightening online reviews have p...
by Fallible
Fri Feb 01, 2019 9:15 pm
Forum: Investing - Theory, News & General
Topic: Will there be a slide in quality now that Mr. Bogle has died?
Replies: 17
Views: 1976

Re: Will there be a slide in quality now that Mr. Bogle has died?

When Sam Walton died, SAM's went from being bullish on American products to a distributor for cheap, non-American merchandise. When Bob Evans died, his restaurants went from being well-managed places with pleasant staff and home-cooked style food, to places DH and I refuse to frequent anymore. They...
by Fallible
Fri Feb 01, 2019 9:07 pm
Forum: Investing - Theory, News & General
Topic: The "never sell" method for staying the course
Replies: 28
Views: 3346

Re: The "never sell" method for staying the course

It’s interesting that you frequently - and wisely - acknowledge a behavioral problem, but then discuss ways that could continue it (changing AA, tinkering with an IPS, talk of tilting, trying this, trying that...). Rather than just acknowledging behavior, why not learn more about it to understand it...
by Fallible
Tue Jan 29, 2019 6:24 pm
Forum: Investing - Theory, News & General
Topic: For young investors not yet seen a bear market or recession. How do you truly know your risk tolerance and plan for it?
Replies: 103
Views: 6306

Re: For young investors not yet seen a bear market or recession. How do you truly know your risk tolerance and plan for

... Risk tolerance is a bit of a marketing gimmick in my book (and I'm a financial advisor). There's no objective way to measure it..." ... Of course there is no objective way of measuring risk tolerance because it’s about the subjective, mainly about emotions, an investor’s highly individual emoti...
by Fallible
Tue Jan 29, 2019 4:35 pm
Forum: Personal Consumer Issues
Topic: Pet Insurance
Replies: 17
Views: 778

Re: Pet Insurance

Anyone recommend a good pet insurance company/policy. We have two malit-poos, one just turned 7 the other just turned 4, and the 7 year old just partially tore her ACL and needs surgery which is going to cost us about $3,500. So now we are thinking we should get pet insurance for both of them, obvi...
by Fallible
Tue Jan 29, 2019 3:59 pm
Forum: Personal Investments
Topic: "Steelmanning" the case for owning individual stocks
Replies: 51
Views: 3205

Re: "Steelmanning" the case for owning individual stocks

... And you say this: "The most important thing is to see results. I would like to develop some tools to measure short term progress." But since long-term will be the key to success, how will knowing short-term progress help? What can the short-term you want to measure tell you about long-term? Goo...
by Fallible
Tue Jan 29, 2019 3:02 pm
Forum: Investing - Theory, News & General
Topic: For young investors not yet seen a bear market or recession. How do you truly know your risk tolerance and plan for it?
Replies: 103
Views: 6306

Re: For young investors not yet seen a bear market or recession. How do you truly know your risk tolerance and plan for

Thanks for all the advice everyone. I must say what I fear most is how I might react if our income stream were in jeopardy at the same time the market tanks. Just not sure how one can prepare their portfolio for that, but still not sacrifice missed returns (by being too conservative) while still yo...
by Fallible
Tue Jan 29, 2019 2:45 pm
Forum: Personal Investments
Topic: "Steelmanning" the case for owning individual stocks
Replies: 51
Views: 3205

Re: "Steelmanning" the case for owning individual stocks

... I found the wiki section very good. So then you are trying to passively manage individual stocks to create a "DIY index fund"? Also, you later say you already have a “BH diversified stock/bond portfolio.” How much of your investments overall would you be applying to individual stocks? If, say, ...
by Fallible
Sat Jan 26, 2019 8:05 pm
Forum: Investing - Theory, News & General
Topic: For young investors not yet seen a bear market or recession. How do you truly know your risk tolerance and plan for it?
Replies: 103
Views: 6306

Re: For young investors not yet seen a bear market or recession. How do you truly know your risk tolerance and plan for

I’m still in my twenties and have my stocks allocated at 100% US with no bonds. I have never actually been through a recession or bear market (2008 was when I was in the last year of high school). Having browsed multiple threads about risk tolerance...it seems, the thing about risk tolerance that m...
by Fallible
Sat Jan 26, 2019 1:28 am
Forum: US Chapters
Topic: Happy Birthday, Taylor!
Replies: 76
Views: 3512

Re: Happy Birthday, Taylor!

Happy 95th, Taylor, and thank you for reminding us to keep it simple.
by Fallible
Thu Jan 24, 2019 10:36 pm
Forum: Investing - Theory, News & General
Topic: Another frugality/contentment post from Morgan Housel
Replies: 28
Views: 2417

Re: Another frugality/contentment post from Morgan Housel

Even before I finished reading this insightful piece, I began thinking of John Bogle and Enough - and then there it was, concluding one of the more thoughtful tributes to Jack that I've read. Especially liked this, which also describes financial freedom: "For me it’s been realizing that what makes p...
by Fallible
Thu Jan 24, 2019 10:08 am
Forum: Personal Investments
Topic: Variable annuity- good, bad, or ugly?
Replies: 18
Views: 1422

Re: Variable annuity- good, bad, or ugly?

Hey folks, have a question about a variable annuity. My mom purchased one back in 2013. I have no interest in this money, hope she spends it all. She asked me about it recently, wanting to know if she had made the right decision with this product. ... She likes to speak with an adviser / insurance ...
by Fallible
Wed Jan 23, 2019 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Article of John Bogle
Replies: 10
Views: 1007

Re: Article of John Bogle

... Regardless, the article misses the entire point. It focuses on whether Jack could have made more money or not. He never considers whether Jack knew he had "Enough". ... Good point. Even before Jack's death, I was always surprised and a little dismayed to see so many articles written about how m...
by Fallible
Wed Jan 23, 2019 9:38 pm
Forum: US Chapters
Topic: Minnesota BH Main Meeting 1/26/19
Replies: 12
Views: 1163

Re: Minnesota BH Main Meeting 1/26/19

A reminder that this Saturday's meeting will last two hours and for the first time will include an optional 30-minute social time to the end of the meeting. A meeting highlight will be the Asset Allocation panel with six panelists representing different stages in their investment lives and discussin...
by Fallible
Mon Jan 21, 2019 11:19 am
Forum: Investing - Theory, News & General
Topic: xkcd Webcomic Weighs in on Technical Analysis
Replies: 15
Views: 1454

Re: xkcd Webcomic Weighs in on Technical Analysis

And the alternate text (hover over the image to see it) is: "I [suspect] that we are throwing more and more of our resources, including the cream of our youth, into financial activities remote from the production of goods and services, into activities that generate high private rewards disproportio...
by Fallible
Sat Jan 19, 2019 2:57 pm
Forum: Investing - Theory, News & General
Topic: The NY Times calls us a cult but in a good way
Replies: 62
Views: 7555

Re: The NY Times calls us a cult but in a good way

The problem with “cult” is that even though it has many definitions, not all agreed to and not all bad, the connotation is usually negative, implying a kind of wholly emotional, slavish devotion or worshiping - slavish defined (New Oxford American Dictionary) as subservient, fawning, sycophantic, to...
by Fallible
Fri Jan 18, 2019 2:33 pm
Forum: Personal Investments
Topic: Differences in Investment Approach
Replies: 46
Views: 1675

Re: Differences in Investment Approach

It's important to note that many disagreements in investment approach are more about misunderstandings of investment terms, such as rebalancing, market timing, dollar-cost averaging, etc. Here's a long thread about those "misconceptions" in which there are even disagreements about the misconceptions...