Search found 6241 matches

by Fallible
Sun May 20, 2018 12:44 pm
Forum: Investing - Theory, News & General
Topic: Bogle featured in Barrons cover story
Replies: 29
Views: 2140

Re: Bogle featured in Barrons cover story

This article, IMO, oozes active-management bias, and some references to Jack come close to snarky, whether intended as such or not. Taylor is right to point out what Jack has said many times, that his main concern about ETFs is that they can encourage excessive trading, the short term over the long...
by Fallible
Sun May 20, 2018 11:43 am
Forum: Investing - Theory, News & General
Topic: Bogle featured in Barrons cover story
Replies: 29
Views: 2140

Re: Bogle featured in Barrons cover story

In any case, the problem is the behavior, not the vehicle in my humble opinion. triceratop: Mr. Bogle feels the same. He has said that ETFs held long-term are perfectly acceptable. Best wishes. Taylor Taylor, that may well be, but it is distinctly not the impression one gets from reading that artic...
by Fallible
Sat May 19, 2018 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 17
Views: 1725

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

That was a statement made by the presenter at the session, Dr. Edward Zamrini Director of the Memory Center at Banner Sun Health Research Institute. He was referring to pre-clinical biomarkers for Alzheimer's which are primarily the presence of amygdaloid plaques and tangles. He stated that the pre...
by Fallible
Sat May 19, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 17
Views: 1725

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

There have been some discussions about long term care expenses on the forum, and I've found these to be very valuable. I just attended a session presented at the Banner Alzheimer's Research Institute in Phoenix that shed some additional light and concerns that I thought I'd like to share. ... Here ...
by Fallible
Tue May 15, 2018 6:04 pm
Forum: Investing - Theory, News & General
Topic: Volatility tolerance build up
Replies: 11
Views: 844

Re: Volatility tolerance build up

My investing career started only few years ago, but nonetheless i’ve been able to create a mid six figure nest. I have not experienced more than 15% drawdown in these years, but still.. I was reflecting on my emotions whenever I look at my portfolio, and I realized that just few years ago, a daily ...
by Fallible
Tue May 15, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: Helping someone with Cancer
Replies: 21
Views: 1294

Re: Helping someone with Cancer

I've always gone by what the patient's family or close friends advise as they'll know best what is needed and most helpful. Sometimes, if able, the patient may be able to let others know this directly.
by Fallible
Tue May 15, 2018 11:40 am
Forum: Local Chapters and Bogleheads Community
Topic: How did you fall in love with investing?
Replies: 40
Views: 1929

Re: How did you fall in love with investing?

I'm extremely new to the investment world, but I have to say, I absolutely love it. I've been a mountaineer/climber for the majority of my life, always drawn to risk and reward. I was hoping to hear how others out there found themselves involved in investing, maybe you have a great story or insight...
by Fallible
Sat May 12, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Thinking In Bets
Replies: 22
Views: 2201

Re: Larry Swedroe: Thinking In Bets

... Annie Duke ... is constantly gathering information, building in defenses against confirmation bias, and no matter what happens analyzing the results so that she is prepared to make a better decision the next time. ... For me, it is a constant struggle to reenforce rationality and to avoid behav...
by Fallible
Fri May 11, 2018 2:34 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Thinking In Bets
Replies: 22
Views: 2201

Re: Larry Swedroe: Thinking In Bets

I haven't read Duke's book, but the many behavioral pitfalls mentioned here are why this all has to do with investing (see the wiki's "Behavioral Pitfalls" page, the "Bogleheads' Philosophy" emphasizing self-control, and the reading lists, including Larry's good book that he mentioned here). The onl...
by Fallible
Wed May 09, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: How to handle problem employee
Replies: 84
Views: 5461

Re: How to handle problem employee

You've labeled her as a problem employee and want to get rid of her. Instead, try thinking of her as the employee who will motivate you to figure out how to become a good manager, one who can manage employees who present a bit of a challenge as well as the ones who just do the job without any quest...
by Fallible
Tue May 08, 2018 1:49 pm
Forum: Personal Consumer Issues
Topic: Do you know anyone unhappy in a CCRC?
Replies: 41
Views: 4512

Re: Do you know anyone unhappy in a CCRC?

I think my mother wishes she didn't need to be there, but that is not quite the same as regretting moving in. - There are cliques. There just are, even with all the staff does to try to encourage people to welcome newcomers and socialize with many different people. - Everyone there is old. All your...
by Fallible
Mon May 07, 2018 10:02 pm
Forum: Investing - Theory, News & General
Topic: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs
Replies: 32
Views: 4414

Re: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs

... Skeptic as I am of official stories, I would be interested to know the extent to which Fidelity's investigation focused on cost centers of its operations, where they would like to trim their workforce, rather than being a review across the entire company. A key passage from the article in my sp...
by Fallible
Mon May 07, 2018 6:09 pm
Forum: Investing - Theory, News & General
Topic: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs
Replies: 32
Views: 4414

Re: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs

Agree especially with posters Grt2bOutdoors (“If the employees are behaving in dishonest ways with company money, what happens when they have access to the customers money?”), and Pajamas (“Not only did some employees buy equipment and immediately return it to collect up to the maximum amount of $2,...
by Fallible
Fri May 04, 2018 8:13 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3022
Views: 930997

Re: What Book Are You Currently Reading? Part VI

Leonardo da Vinci by Walter Isaacson. Highly recommended, especially if you value what must be close to the ultimate in curiosity, observation, imagination, intuition, creativity, and innovation in one astonishing mind. Also good detail on two of his greatest paintings, The Last Supper and the Mona...
by Fallible
Fri May 04, 2018 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me with my Asset Allocation
Replies: 6
Views: 668

Re: Please help me with my Asset Allocation

Hi, I’m not much of an investor and could use some help. I’ve been putting money into only growth stock mutual funds for retirement the last few years and it has grown. I've been lucky with the market, but I know I’m not diversified and would appreciate some help to feel confident in the long run. ...
by Fallible
Fri May 04, 2018 5:38 pm
Forum: Investing - Theory, News & General
Topic: Shorting - Can Someone Explain
Replies: 32
Views: 2168

Re: Shorting - Can Someone Explain

Can someone please explain short selling to me? ... Can anyone provide me with an explanation of this that will demystify it for me? Or some recommended reading? ... You have some good explanations posted here. As for reading about shorting at its most lucrative, try two great books, The Big Short ...
by Fallible
Mon Apr 30, 2018 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: NYt: having the retirement home conversation
Replies: 4
Views: 817

Re: NYt: having the retirement home conversation

I looked at the article, including the photographs (which seemed kind of overdone and "glossy") and then I googled the author "Peter Finch". It seems he writes regularly and consistently about retirement home situations. The article struck me as kind of a marketing effort. The article was too one-s...
by Fallible
Sun Apr 29, 2018 5:43 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Perils Of Old Age
Replies: 94
Views: 10736

Re: Larry Swedroe: Financial Perils Of Old Age

The "growing burdens" on our aging population are detailed by "Washington Post" columnist Robert Samuelson and it's not fun to read: In 2010, the ratio of potential caregivers (people 45 to 64) to those aged 80 and older was 7-to-1; by 2030, it’s projected to be 4-to-1. Alzheimer’s cases are increas...
by Fallible
Sat Apr 28, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Financial Bill of Rights for Patients
Replies: 3
Views: 435

Re: Financial Bill of Rights for Patients

Great article. Cue the folks who will be vehemently against such a bill of rights, saying how it's the patient's responsibility between him/her and the insurance company, won't disclose costs ahead of time, will send the patient to collections even given the unknown costs (because the patient signe...
by Fallible
Fri Apr 27, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Bill of Rights for Patients
Replies: 3
Views: 435

Financial Bill of Rights for Patients

This "New York Times" Opinion piece is about "Nine Rights Every Patient Should Demand." Some of these topics have been debated on this forum, such as itemized billing in plain English, conflicts of interest, out-of-network billing, and cheaper options. Others, however, were new to me, such as facili...
by Fallible
Thu Apr 26, 2018 7:58 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Seasonal Main Meeting 4/28/18
Replies: 14
Views: 1817

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

A reminder the Minnesota Bogleheads main meeting is this Saturday, April 28, and there’s lots to learn and discuss: Lessons from investment history, all-in-one funds, 2018 taxes Q&A, backdoor Roths/mega backdoor Roths, cryptocurrencies, “bucket” approach, and a report on Wade Pfau’s book, “How Much ...
by Fallible
Thu Apr 26, 2018 7:37 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Perils Of Old Age
Replies: 94
Views: 10736

Re: Larry Swedroe: Financial Perils Of Old Age

Apropos of the Atlantic article cited upthread, here’s another important contribution to the topic. The title is “How Doctors Die.” This was mentioned in a past thread, but it’s worth highlighting again: https://www.nytimes.com/2013/11/20/your-money/how-doctors-die.html A growing emphasis on pallia...
by Fallible
Wed Apr 25, 2018 10:23 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Perils Of Old Age
Replies: 94
Views: 10736

Re: Larry Swedroe: Financial Perils Of Old Age

Sobering and necessary, and I’m glad to see Larry’s blog on the subject. The “Hidden Truths” book is probably not one I would choose to read, but there are many others (almost a crowded field now) that I have read and would recommend such as the best seller, Being Mortal , by Atul Gawande, surgeon a...
by Fallible
Tue Apr 24, 2018 10:20 am
Forum: Investing - Theory, News & General
Topic: Fun Money
Replies: 45
Views: 2943

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: 9119

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: 1472

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: 9119

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: 9119

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: 14
Views: 1817

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: 9056

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: 79
Views: 5956

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: 79
Views: 5956

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: 2396

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: 4739

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: 3384

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: 14
Views: 1817

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: 3101

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: 3757

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: 15629

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: 14
Views: 1817

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: 2509

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: 3158

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: 10897

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: 3022
Views: 930997

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: 1278

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: 18668

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: 1278

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: 1112

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: 1155

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...