Search found 6218 matches

by Fallible
Tue Apr 24, 2018 10:20 am
Forum: Investing - Theory, News & General
Topic: Fun Money
Replies: 45
Views: 2504

Re: Fun Money

,,, There seems to be some cognitive dissonance here. Can anybody explain this to me??? Am I missing something? How can the need to squeeze every penny out of your fund and obtain market returns be consistent with gambling 1/10th of your portfolio? Based on everything I’ve read and understand, you ...
by Fallible
Mon Apr 23, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Philosophy Open To Change?
Replies: 197
Views: 8295

Re: Boglehead Philosophy Open To Change?

We need on this thread to realize that, despite the topic title and the OP's references to the Bogleheads' philosophy, it is not about the philosophy in general, but the OP's applying part of it (e.g., index "when possible") to alternatives to the 3-fund, such as tilting and factor investing. This h...
by Fallible
Sun Apr 22, 2018 5:10 pm
Forum: Investing - Theory, News & General
Topic: Stop Asking the Wrong Investing Questions
Replies: 4
Views: 1390

Re: Stop Asking the Wrong Investing Questions

This article is a great reminder from Allan Roth. "It’s not about the stock with the new high or if the market will crash" by Allan Roth https://www.aarp.org/money/investing/info-2017/wrong-investing-questions.html And not only does he list the wrong questions to ask, but also the "better" ones to ...
by Fallible
Sun Apr 22, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Philosophy Open To Change?
Replies: 197
Views: 8295

Re: Boglehead Philosophy Open To Change?

The Bogleheads’ Philosophy Develop a workable plan Invest early and often Never bear too much or too little risk Never try to time the market Use index funds when possible Keep costs low Diversify Minimize taxes Keep it simple Stay the course It all seems pretty timeless to me... Timeless because i...
by Fallible
Sun Apr 22, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: Boglehead Philosophy Open To Change?
Replies: 197
Views: 8295

Re: Boglehead Philosophy Open To Change?

It's easy for Bogleheads to feel like investing gurus but it is not the only way to invest and may not necessarily be the best way to invest in the future. Like they've got it all figured out and now they know everything. (Or at least this is how I feel sometimes when helping people with investing)...
by Fallible
Fri Apr 20, 2018 7:42 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Seasonal Main Meeting 4/28/18
Replies: 12
Views: 1267

Re: Minnesota BH Seasonal Main Meeting 4/28/18

Among the breakout topics for the April 28 meeting is "The Bucket Strategy: Overview/Mechanics/Pros and Cons." For those of you interested in attending this session, here are details from the breakout facilitator: Financial security in retirement is mostly about income. You can have millions in asse...
by Fallible
Fri Apr 20, 2018 6:28 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 8179

Re: NYT article: Everyone should hire a financial planner

This well-meaning article has some good points, but is, IMO, flawed overall to the point of misleading the readers it wants to educate. It would be interesting to know the story behind the story, mainly how the article got past NYT business editors who should have sent it back to the author to add a...
by Fallible
Fri Apr 20, 2018 12:04 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 65
Views: 4472

Re: Bloomberg article on lump sum vs dollar cost averaging

Here he is talking not about market timing, which is trying to predict the market, but about the need for "nervous" investors to stay within their risk tolerance levels by reducing equities. I'm ok with nervous investors dialing back their equities to stay within their risk tolerance -- that is als...
by Fallible
Thu Apr 19, 2018 8:22 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 65
Views: 4472

Re: Bloomberg article on lump sum vs dollar cost averaging

... Mr. Bogle while espousing and is noted for "stay the course" mantra also says during an extreme market valuation you should consider dropping your equity allocation significantly say from 65/35 to 50/50. He reduced his equities around the year 2000 from 75%+ to 25% (failing health had something...
by Fallible
Fri Apr 13, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Appropriate to ask co-worker when retiring?
Replies: 35
Views: 2282

Re: Appropriate to ask co-worker when retiring?

Retirement plans are something most people keep close to their vest. It is not a good idea to ask her as she would likely feel you were being intrusive. ... Agree. And I would guess that she might respond to the question with another: "Why are you asking?" A truthful answer: "Because my wife might ...
by Fallible
Fri Apr 13, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: Bull Market Timing
Replies: 60
Views: 4431

Re: Bull Market Timing

Can someone remind me why we shouldn’t try to time the market? This bull market has been incredible but it doesn’t take a genius to look at historical averages and see we’re near the end here... ... Not even a genius can predict the market. And that should answer your question about why we shouldn'...
by Fallible
Wed Apr 11, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: Periodontist at fault?
Replies: 33
Views: 3188

Re: Periodontist at fault?

... It wasn't stated if there was an xray on the original visit last year or not. Regardless, the xray would not have shown anything if the problem had not progressed to that point back then. The information here is incomplete and it's not clear if we are talking about a gum problem, a bone problem...
by Fallible
Tue Apr 10, 2018 8:14 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Seasonal Main Meeting 4/28/18
Replies: 12
Views: 1267

Re: Minnesota BH Seasonal Main Meeting 4/28/18

MindBogleing wrote:
Mon Apr 09, 2018 11:38 pm
New to the forum. Looking forward to this meet! Thanks for organizing.
And welcome to the forum!
by Fallible
Mon Apr 09, 2018 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Are there any simple strategies that can help us squeeze better returns?
Replies: 45
Views: 2983

Re: Are there any simple strategies that can help us squeeze better returns?

Are there any simple strategies that can help us make our returns from the stock market a bit better, or is buy and hold still the best strategy? ... I don't even consider buy and hold to be all that simple. Remember the words of Buffett and Bogle: "Investing is simple, but it is not easy." Author ...
by Fallible
Mon Apr 09, 2018 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Active Adult Retirement Communities
Replies: 36
Views: 3646

Re: Active Adult Retirement Communities

Continuous care retirement communities are nicely explained in Jane Bryant Quinn's recent book, How to Make Your Money Last, beginning pg. 277. And yes, good health is a requirement to get in.
by Fallible
Fri Apr 06, 2018 7:26 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14865

Re: Swedroe: Look Beyond 60/40 Portfolio

I think Larry states the problem accurately: that both US stocks and quality bonds are likely to produce significantly lower returns going forward than in the past. I agree with him on the importance of international diversification. Personally, I am not a believer in alternate assets or in expensi...
by Fallible
Tue Apr 03, 2018 2:03 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Seasonal Main Meeting 4/28/18
Replies: 12
Views: 1267

Minnesota BH Seasonal Main Meeting 4/28/18

Minnesota BH Seasonal Main Meeting 4-28-18 Who : All Minnesota Bogleheads and guests. Meetings are free and open to the public and new members are always welcome. Where : Southdale Library, second-floor meeting room, 7001 York Ave. S, Edina, MN When : Saturday, April 28, 2018, 9:30 a.m. - 11:30 a.m...
by Fallible
Sun Apr 01, 2018 10:11 pm
Forum: Investing - Theory, News & General
Topic: Unanswered: Clements Highlights 4 Questions of Much Debate
Replies: 27
Views: 2372

Re: Unanswered: Clements Highlights 4 Questions of Much Debate

Jonathan Clements always seems to stake out reasonable positions on questions that elude easy answers. ... He does, indeed, and the reason I have treasured his advice for some 25 years is because of what he says here: But there are four questions where reasonable people can disagree—and where it’s ...
by Fallible
Sun Apr 01, 2018 6:58 pm
Forum: Personal Consumer Issues
Topic: Towel Warmers - worthwhile luxury or useless?
Replies: 39
Views: 3050

Re: Towel Warmers - worthwhile luxury or useless?

A warm towel versus a cold towel? Do towels ever get really cold? Or so cold that a warmer is worth the money?
by Fallible
Sun Apr 01, 2018 6:02 pm
Forum: Investing - Theory, News & General
Topic: “We’re not making enough money off you”
Replies: 62
Views: 10669

Re: “We’re not making enough money off you”

... The MSSB folks kindly informed him that “ we’re not making enough money off of you” , that MSSB’s production quota and compensation matrix had changed, and that unless he agreed to switch assets into an actively managed account, they would no longer extend to him the special loan service when t...
by Fallible
Sat Mar 31, 2018 6:48 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2977
Views: 918328

Re: What Book Are You Currently Reading? Part VI

Just finished "Dead Wake: The Last Crossing of the Lusitania" by Erik Larson. I won't review it as I'm pretty sure it has been reviewed before in the previous 59 pages of comments but like other Erik Larson books, I found it an easy read and kept my attention throughout. I read the book and one sce...
by Fallible
Wed Mar 28, 2018 11:57 pm
Forum: Investing - Help with Personal Investments
Topic: Freshly Minted Boglehead
Replies: 17
Views: 1182

Re: Freshly Minted Boglehead

A Any advice is welcome. Thanks for having me! OP.... Welcome. I like your style. Your "rags-to-riches" story is not dissimilar to mine. I lived below the poverty line until age 30 or so. I was 34 before I paid more than $700 for a car. At 35 I finished medical fellowship and started making good mo...
by Fallible
Wed Mar 28, 2018 6:27 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 17273

Re: A lot of heavy hitters this morning

Love this board but can't help to feel disconnected this morning when the first 3 posts are something like: 1) I will be making $350K, should I save for my kid's 529? 2) Should I buy a $1.2 million condo? My inlaws just gave me $235K. 3) I got a $600K windfall...should I pay off mortgage? Feeling a...
by Fallible
Wed Mar 28, 2018 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Freshly Minted Boglehead
Replies: 17
Views: 1182

Re: Freshly Minted Boglehead

Welcome to the forum! I thoroughly enjoyed reading your post and congratulate you for recognizing and getting on the right road. The only advice I can think of now is for you to keep reading more good personal finance and investing books. You may have seen a partial list on the wiki's "Getting Start...
by Fallible
Tue Mar 27, 2018 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Guidance on beginning for investments
Replies: 10
Views: 1064

Re: Guidance on beginning for investments

You're on the right track in thinking long term (not short, as in trading individual stocks) and looking for an asset allocation, which should be based on your need, ability, and willingness to take risk. In addition to the "Getting Started" page recommended above, also carefully read the "Asset All...
by Fallible
Tue Mar 27, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation
Replies: 10
Views: 1085

Re: Asset allocation

I read the a percentage of the portfolio should be in a total stock index fund, a total bond fund index and in international. It was not clear if the international should ALSO be further divided between Stocks and Bonds. There was also a suggestion that a percentage should also go into a REIT index...
by Fallible
Tue Mar 27, 2018 4:10 pm
Forum: Personal Consumer Issues
Topic: Purchasing an instrument
Replies: 25
Views: 1200

Re: Purchasing an instrument

Why not rent to own the $1500 dollar Harp? Since your daughter is only 11 yrs old your wife does have valid concern whether she will stick with it. When high school comes more homework, activities, etc will then fill up her time and will come to a point whether she wants to keep playing. Even in hi...
by Fallible
Mon Mar 26, 2018 6:06 pm
Forum: Investing - Theory, News & General
Topic: A new twist--flex fees
Replies: 7
Views: 1019

Re: A new twist--flex fees

Now for the trick. These are not index funds. One of the funds, FFTVX, is a very growthy fund and is benchmarked against the S&P500. FFTVX holds some international and 27% mid cap. Another is benchmarked against the Russell 1000, but it holds no small and no value at all. It seems to me that Allian...
by Fallible
Mon Mar 26, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Costs, Pros, & Cons of CCRC - Continuing Care Retirement Communities - Aging in Place. Pitfalls?
Replies: 11
Views: 1633

Re: Costs, Pros, & Cons of CCRC - Continuing Care Retirement Communities - Aging in Place. Pitfalls?

Excellent introductory article on the Pros, Cons, and Expenses of Aging in Place in a Continuing Care Retirement Community (CCRC). https://www.aplaceformom.com/planning-and-advice/articles/continuing-care-retirement-communities Another at AARP on CCRC's. https://www.aarp.org/caregiving/basics/info-...
by Fallible
Sun Mar 25, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: New Member, highly determined! Looking for advice / direction on becoming financially literate
Replies: 34
Views: 2411

Re: New Member, highly determined! Looking for advice / direction on becoming financially literate

... The implementation is simple, but the person in the mirror is the biggest challenge to your financial success. Read something on behavioral finance, like Clement’s book: “How to Think About Money”. The Sales & Marketing guy in you should “get” behavioral finance. Hey David! You hit the nail on ...
by Fallible
Sun Mar 25, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Any Recent investors here?
Replies: 43
Views: 2795

Re: Any Recent investors here?

... Obviously none of us recent investors want to sit for a decade in a sideways market with all our assets in the red, that would make investing in the stock market a totally unwise decision counter to all the advice on this forum. That is a possibility, but hope that does not happen. Obviously, n...
by Fallible
Sat Mar 24, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Protecting principal with no risk: seeking validation Im not crazy or stupid
Replies: 31
Views: 3550

Re: Protecting principal with no risk: seeking validation Im not crazy or stupid

I decided yesterday after worrying about a looming stock market crash to move all of my non-retirement investments at Vanguard into their Federal Money Market Fund which earns only 1.39%. I re-allocated my 401k which is also at Vanguard by putting 1/4 of the total into the Federal MM fund, 1/4 into...
by Fallible
Sat Mar 24, 2018 5:51 pm
Forum: Personal Consumer Issues
Topic: Job passion/fulfillment?
Replies: 18
Views: 1768

Re: Job passion/fulfillment?

Ben Carlson had an interesting post on related questions in the following: http://awealthofcommonsense.com/2018/03/accidental-career-guidance/. No easy answers, but I wish you luck. Thanks for posting. I've always found Carlson's blogs and recent book full of wise advice. I would add to his comment...
by Fallible
Sat Mar 24, 2018 11:34 am
Forum: Personal Consumer Issues
Topic: Job passion/fulfillment?
Replies: 18
Views: 1768

Re: Job passion/fulfillment?

... I guess my dream job would be to become more of an entrepreneur or join as a vital cog in a small startup ( I’ve had a couple offers), but I don’t think I’m willing to sacrifice my work/life balance. Plus, I honestly think I’m too scared of giving up my steady paycheck to make that leap at this...
by Fallible
Fri Mar 23, 2018 2:27 pm
Forum: Investing - Theory, News & General
Topic: Hold on to your hats, think it is going to get rough
Replies: 23
Views: 5364

Re: Hold on to your hats, think it is going to get rough

Looking at the international idecies today, I suspect another down day for US markets. Hopefully just another correction, but not so sure. Will be interesting. Might have to just ignore the market for a while 8-) You don't have to ignore the market if watching the latest volatility/correction/whate...
by Fallible
Thu Mar 22, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Losing friends/family when wealthy
Replies: 118
Views: 10227

Re: Losing friends/family when wealthy

... It appears that the closest people such as friends and family members are more passive aggressive instead of being genuinely happy for our success. For those of you that have accumulated a high net worth from modest means, have you experienced a loss of friends/family? If you think they are jea...
by Fallible
Thu Mar 22, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Jump in or Take it Slow
Replies: 7
Views: 691

Re: Jump in or Take it Slow

You are probably talking about either lump-summing (not market timing) or dollar-cost-averaging into the market. In addition to the wiki pages recommended upthread, here is a good Vanguard article on the subject, explaining the emotions involved in making such a decision and the pros and cons of eac...
by Fallible
Wed Mar 21, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Any lawyers? Got scammed
Replies: 39
Views: 3619

Re: Any lawyers? Got scammed

Last June, my wife and I ordered a custom dining set from a local person. She had good online reviews shipping all over but we lived within driving distance to her store. It seemed legit and were given a time window for delivery. Half way through we were informed that she had cancer so we decided n...
by Fallible
Mon Mar 19, 2018 3:18 pm
Forum: Investing - Theory, News & General
Topic: Incredibly sleazy Northwestern Mutual cold caller
Replies: 78
Views: 7718

Re: Incredibly sleazy Northwestern Mutual cold caller

The cold call is interesting, although probably the main value in recounting the details would be for those who don't know what happens when they just hang up on a cold caller, i.e., they get a typical sales pitch that the caller has been trained to make. Also, I'm sorry to pile on, but I agree with...
by Fallible
Sun Mar 18, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: Quiet vehicle for two cats
Replies: 15
Views: 1031

Re: Quiet vehicle for two cats

Check with your vet who should know the cats' needs and whether special care is needed and what kind. In addition, here is an article from PetMD listing various approaches. My own experiences over many years with cats and dogs is that how well they travel depends on the individual animal, age, their...
by Fallible
Sun Mar 18, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Techniques in helping other with poor money skills
Replies: 27
Views: 2302

Re: Techniques in helping other with poor money skills

I have my own thoughts on this. Let's be clear, it's not an educational problem. Any 5th grader can learn personal finance in an afternoon. It is a psychological problem. It requires psycho therapy, not an education. Almost everyone knows and understands "live beneath your means" but few are able t...
by Fallible
Sat Mar 17, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Techniques in helping other with poor money skills
Replies: 27
Views: 2302

Re: Techniques in helping other with poor money skills

You should set a good example and offer advice only if asked or if you are financially responsible for that person. You might give an appropriate book but even that can be taken the wrong way by someone who isn't receptive. Be very careful of offering advice that can be seen as criticism if you val...
by Fallible
Fri Mar 16, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing
Replies: 11
Views: 806

Re: Rebalancing

My Vanguard advisor is very adamant about my rebalancing my investments to 50% stocks and 50% bonds. She brought this to my attention on Monday and I have to decide by tomorrow. I turned 70 in December, am semi retired, and not sure when I will retire completely. I don't understand the urgency. Is ...
by Fallible
Sun Mar 11, 2018 2:23 pm
Forum: Personal Consumer Issues
Topic: Books that have actually changed your life, in a way.
Replies: 172
Views: 18730

Re: Books that have actually changed your life, in a way.

This may sound facetious but perhaps the "books" with the biggest influence on me were comic books! When I was very young I was having great difficulty with reading and therefore hated it -- until I found comic books. These were primarily the Walt Disney Duck comics: Donald Duck, Uncle Scrooge, Com...
by Fallible
Fri Mar 09, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Why (or why not) use an advisor
Replies: 42
Views: 2064

Re: Why (or why not) use an advisor

Warren Buffet has spoken out on this topic...and his comments really struck me. To quote the New York Times, quoting Buffet: In his letter, Mr. Buffett offered an unusually cogent, honest and blunt appraisal of the human behavior that drives individuals with money to avoid index funds — and their w...
by Fallible
Thu Mar 08, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Why (or why not) use an advisor
Replies: 42
Views: 2064

Re: Why (or why not) use an advisor

... I understand some people simply want someone else to handle their money and that's OK, but that person is still stuck with the responsibility that any employer has of evaluating performance vs what's being paid for the service. Paul Agree this is a major concern. Also, good advisors are not eas...
by Fallible
Thu Mar 08, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Why (or why not) use an advisor
Replies: 42
Views: 2064

Re: Why (or why not) use an advisor

Hi Everyone, I've been enjoying reading through the forum to learn more about investing and financial advice. I'm trying to get smart about this space and have a few questions that I'd love opinions on I see a lot of discussion on the forum on the pros and cons of advisors. For those of you who don...
by Fallible
Wed Mar 07, 2018 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 10480

Re: Ok fellow bogleheads, was the correction scary or nothing?

... ... why even talk about risk tolerance if there is no method of gauging it until after the fact? .. Risk tolerance is about emotions - emotions such as fear and greed that can rule the markets. And it's about individual emotions, your own unique emotions. Investors need to understand their emot...
by Fallible
Wed Mar 07, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 10480

Re: Ok fellow bogelheads, was the correction scary or nothing?

... I'm sure I will see worse, I just would like to at least put a toe in the water of market drops to make sure I will have an idea how I will react when the next great recession sweeps in. To be honest I'm kind of surprised and a bit disappointed with the responses. (Responses not the people resp...