Search found 6413 matches

by Fallible
Mon Oct 22, 2018 7:24 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 13
Views: 1412

Re: Minnesota BH Fall Main Meeting 10/27/18

For beginning Bogleheads and those getting ready for retirement, here's more information on those breakouts from the meeting agenda above: Andrew Breakout Title: Financial Topics for Beginners Description: "Where do Bogleheads (and aspiring Bogleheads) Start? Breaking down the Boglehead Philosophy; ...
by Fallible
Mon Oct 22, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo - Premier Banking, relationship managers - good or bad?
Replies: 6
Views: 378

Re: Wells Fargo - Premier Banking, relationship managers - good or bad?

My bank, Wells Fargo, is saying that I now have a relationship manager to call when I need something. Instead of calling their main line, I can call the relationship manager. They're wanting to setup an appointment where I speak with this person and he is supposed to outline the benefits of having ...
by Fallible
Sat Oct 20, 2018 6:20 pm
Forum: Investing - Theory, News & General
Topic: Set it and forget it
Replies: 39
Views: 5835

Re: Set it and forget it

"Nobody buys a farm based on whether they think it's going to rain next year; they buy it because they think it's a good investment over 10 or 20 years." Warren Buffett "Don't just do something, stand there!" Jack Bogle You'll be a better investor when you forget about your investments, providing y...
by Fallible
Sat Oct 20, 2018 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: What if your risk tolerance is lower than what's best for your portfolio?
Replies: 51
Views: 3693

Re: What if your risk tolerance is lower than what's best for your portfolio?

... goingup: I hear you. Not even sure what’s appropriate for me, though, apart from risk tolerance. It’s such a personal decision. ... Yes, risk tolerance is a uniquely personal decision because it's largely about emotions, about who you are, about knowing who you are. It may be the best example o...
by Fallible
Tue Oct 16, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Market timing mistakes relative to joining BH Forum
Replies: 6
Views: 713

Re: Market timing mistakes relative to joining BH Forum

... Anyone care to share how quickly after they discovered BH they bought into the stay the course and stopped "market timing"? If you're referring to a sort of delay in actually making the change to BH after discovering your investing mistakes, it happened to me and my guess is that it happens oft...
by Fallible
Mon Oct 15, 2018 3:38 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 13
Views: 1412

Re: Minnesota BH Fall Main Meeting 10/27/18

Jazzysoon wrote:
Mon Oct 15, 2018 11:33 am
Thank You for organizing this, I know it can take a bit of time to put events together. I'm a newer BH and am looking forward to attending.
Great! "Newer" is even better.
by Fallible
Mon Oct 15, 2018 3:31 pm
Forum: Investing - Theory, News & General
Topic: "Turn Off The Financial News"
Replies: 13
Views: 1867

Re: "Turn Off The Financial News"

Thanks for the post, Taylor. I agree that CNBC, which is popular mainly with the pro traders it's primarily aimed at, is one in particular to "turn off," especially if the average investor feels tempted to act on whatever it's pitching. (But if John Bogle happens to be on with his sage advice, then ...
by Fallible
Sat Oct 13, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor discussing finances with me
Replies: 64
Views: 5945

Re: Neighbor discussing finances with me

Two things: he is a good friend and a good neighbor. Telling him, in effect, that he is wrong and you are right about money could risk losing both. IMO, the bigger risk is yours, not his.
by Fallible
Sat Oct 13, 2018 2:15 pm
Forum: Investing - Theory, News & General
Topic: Psychological vs. Real Risk
Replies: 21
Views: 1513

Re: Psychological vs. Real Risk

Ron, You're right in questioning what sort of consensus, if any, one can reach on this forum. I don't think there are any rules because there are just fundamental differences in approach. There is probably one thing, above all, that perhaps we can agree on. Whatever one decides to do, there should ...
by Fallible
Sat Oct 13, 2018 10:01 am
Forum: Investing - Theory, News & General
Topic: Psychological vs. Real Risk
Replies: 21
Views: 1513

Re: Psychological vs. Real Risk

Using asset allocation to manage volatility and downside risk is a standard BH tenet. Psychological risk is what most financial writers spend their time on, i.e., the risk that someone's fear or nerves or whatever will cause them to sell equities unnecessarily at a low. Determining your psychologic...
by Fallible
Fri Oct 12, 2018 1:42 pm
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5686

Re: Who worries about a bear market in stocks?

One can worry about a bear market even if one has the need and ability to take risk. That is because they still may not be willing to take it, i.e., not have the risk tolerance for the market's ups and downs. This may explain why only about half of U.S. households are invested in the market; and why...
by Fallible
Thu Oct 11, 2018 8:49 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 13
Views: 1412

Re: Minnesota BH Fall Main Meeting 10/27/18

As promised, here are more detailed descriptions of two more breakouts, both on taxes (full agenda above): Sandra & Diane Title:  Tax loss harvesting in taxable accounts.   Description: Use this tax deferral strategy to offset capital gains with losses, and avoid pitfalls like wash sales. Chip Title...
by Fallible
Thu Oct 11, 2018 6:49 pm
Forum: Personal Consumer Issues
Topic: Oatmeal suggestions
Replies: 167
Views: 25774

Re: Oatmeal suggestions

I admit I've been waiting for this oatmeal thread to come back so I can say I that I've gradually switched from oatmeal to oat bran. Just sayin'. :-)
by Fallible
Wed Oct 10, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 108
Views: 7522

Re: What did you buy today

I bought frozen organic kale for the first time.
by Fallible
Mon Oct 08, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: Market decline in 2019 ?
Replies: 73
Views: 6484

Re: Market decline in 2019 ?

... The Bogleheads philosophy is "stay the course." But after 10 years of market rallys -- where do we draw the line? Is anyone here switching from equities to cash in hopes to avoid a big market decline in the next year or two? The line is your personal risk tolerance, which is decided on when set...
by Fallible
Sun Oct 07, 2018 7:36 pm
Forum: Personal Consumer Issues
Topic: What are your strategies when shopping for a house?
Replies: 38
Views: 3361

Re: What are your strategies when shopping for a house?

A most important strategy is, once you have decided on a home you and your wife like, to have a professional home inspector look it over thoroughly as he/she should be able to catch problems. Be sure you, not the realtor, choose the inspector, that you are agreed on what it will include, and that yo...
by Fallible
Sun Oct 07, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds for an aggressive investor
Replies: 25
Views: 2445

Re: Bonds for an aggressive investor

... Should a young (36 years old) investor own bonds at this point of his/her life? If I expect a government pension and can assume greater risk, shouldn't I just go all stock? ... You can "expect" a government pension, but lots can happen on the long road to it. You can "assume" greater risk, but ...
by Fallible
Sun Oct 07, 2018 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Short term investing
Replies: 7
Views: 590

Re: Short term investing

Hi, I have about $130k sitting in a 1.85% APY savings account. I plan on using this towards a downpayment in ~1 year. My tolerance for risk is high--I can withstand losing a large portion of that money (and delaying the purchase). I have been contemplating dumping all of it in a brokerage account i...
by Fallible
Sun Oct 07, 2018 10:08 am
Forum: Investing - Theory, News & General
Topic: What part of your investment philosophy was "Inspired by Jack Bogle"?
Replies: 27
Views: 1101

Re: What part of your investment philosophy was "Inspired by Jack Bogle"?

Initially, 31 years ago, I read about Jack Bogle and low-cost indexing and have been at it since. But I think I was already inspired to be a passive investor, probably a combination of nature and nurture, and just waiting for someone like Jack to come along and not only show the way, but clear the w...
by Fallible
Sat Oct 06, 2018 6:48 pm
Forum: Investing - Theory, News & General
Topic: 7 Investing Truths That Aren't
Replies: 53
Views: 5880

Re: 7 Investing Truths That Aren't

I don’t pretend to be any smarter than Allan Roth... but he says his instincts told him to sell in 2008, while my instincts told me to buy. Our “gut instincts” can be informed by our education and experience. I suspect that this one-page article on the AARP website is meant for a different audience...
by Fallible
Sat Oct 06, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: "The Business Man and The Fisherman"
Replies: 9
Views: 2035

Re: "The Business Man and The Fisherman"

So here we have the businessman proposing increasingly complicated solutions to a problem the fisherman didn't have! It reminds me of the quote from Occam's razor that Jack Bogle used in one of his greatest books, Enough : "When confronted with multiple solutions to a problem, choose the simplest on...
by Fallible
Sat Oct 06, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: 7 Investing Truths That Aren't
Replies: 53
Views: 5880

Re: 7 Investing Truths That Aren't

"Make sure you can explain your investing strategy to any 8-year-old. " That makes absolutely no sense. As a pedagogue, it's not hard to do. Kids learn by doing. When I was a kid, our family played the board game Monopoly. We did the same with our children and the kids loved it. They played it for ...
by Fallible
Sat Oct 06, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: 7 Investing Truths That Aren't
Replies: 53
Views: 5880

Re: "How a Second Grader Beat's Wall Street"

... I teach 8th graders (age 13-14), normally science, but I also have what you might call an advanced study hall made up of students in the advanced algebra and geometry classes (basically all A students). We do a lot of mini units throughout the year, and I did an investment unit last winter. I w...
by Fallible
Fri Oct 05, 2018 12:38 pm
Forum: Personal Consumer Issues
Topic: What purchase saved you the most money?
Replies: 136
Views: 12682

Re: What purchase saved you the most money?

Book buys and magazine and newspaper subscriptions that taught me how to invest and manage money, starting in the '80s. The authors I credit most include Jack Bogle, Jane Bryant Quinn, and Jonathan Clements.
by Fallible
Thu Oct 04, 2018 6:22 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 7732

Re: Key differences between investing philosophies: Swedroe vs. Bogle

when it comes to investing greats like Bogle, Buffett, Munger, Graham, etc., it's a safe bet that we're thinking, both reasonably and correctly. And that doesn't mean agreeing with everything they say or do, but recognizing and acknowledging the best of it. So you are comparing Bogle to Buffett, Mu...
by Fallible
Thu Oct 04, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 7732

Re: Key differences between investing philosophies: Swedroe vs. Bogle

I believe in Jack. Rick Ferri “As soon as we abandon our reason and are content to rely on authority , there is no end to our troubles.” ― Bertrand Russell In this case, as Ronald Reagan once said to Mikhail Gorbachev, “I’d agree with you, but then we would both be wrong .” I don't have a John Wayn...
by Fallible
Wed Oct 03, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 7732

Re: Key differences between investing philosophies: Swedroe vs. Bogle

There always seems to be a thread promoting a financial advisor named Larry Swedroe here on the Bogleheads board. I’m sure there are many points of agreement between him and Jack Bogle. Question: What are the key differences between them and who is right, in your opinion? I've read many books and a...
by Fallible
Tue Oct 02, 2018 9:16 pm
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5580

Re: Is an emergency fund just about market timing?

Market timing is about predicting what the market will do (e.g., go up or down by a certain amount at a certain time) and then investing based on that prediction. So how is "judging a bad time" market timing? Because saying that it's a bad time implies that there will be better times ahead, meaning...
by Fallible
Tue Oct 02, 2018 1:07 pm
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5580

Re: Is an emergency fund just about market timing?

Given that equities are perfectly liquid nowadays and generally free to trade (or at the very least, functionally free), what is the rationale for keeping an emergency fund when you can just sell investments to meet any expenses? The only clear one seems to be so that you can avoid selling stocks a...
by Fallible
Tue Oct 02, 2018 10:44 am
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5580

Re: Is an emergency fund just about market timing?

Given that equities are perfectly liquid nowadays and generally free to trade (or at the very least, functionally free), what is the rationale for keeping an emergency fund when you can just sell investments to meet any expenses? The only clear one seems to be so that you can avoid selling stocks a...
by Fallible
Tue Oct 02, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: My biggest mistake - market timing
Replies: 62
Views: 9001

Re: My biggest mistake - market timing

Dear friends, I am here to seek help from the you all again. After going through uncertainty in 2015 and part of 2016, my husband was not comfortable in staying market with the fear of losing our principal. So we pulled out all the investments mainly from 401k and 529 accounts and put them all into...
by Fallible
Mon Oct 01, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.
Replies: 87
Views: 8484

Re: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.

... So where do I begin? ... In this order: -Find a good job and work hard. -Pay off the student loans. -Save money for emergencies. -Save money to invest. -Learn how to invest (you've already begun this here). -Choose an asset allocation that is right for you. -Write an Investment Policy Statement...
by Fallible
Mon Oct 01, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: Should we stay in Crazytown because there's no where to run?
Replies: 129
Views: 14794

Re: Should we stay in Crazytown because there's no where to run?

U.S. stocks are nuts. ... How do you manage this psychologically? ... As others have posted here, and as all the best books, blogs, podcasts, and videos in the wiki and beyond will tell you, you manage it by first finding the asset allocation that is right for you. If you don't first do that, you w...
by Fallible
Sun Sep 30, 2018 6:48 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 13
Views: 1412

Re: Minnesota BH Fall Main Meeting 10/27/18

NOTE: We will continue adding to the posted agenda more detailed descriptions of the breakouts. Below are descriptions from Chris, moderator of two breakouts: Title: Investment Lessons From History - The Breakout Description: I will review several of my favorite slides from my main presentation at t...
by Fallible
Fri Sep 28, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett Books
Replies: 45
Views: 5289

Re: Warren Buffett Books

I started to read The Snowball - all 900 pages. The first chapter was a little rough to get going but I am keeping an open mind. I have read Lowenstein’s Buffett so I am not sure how much difference 900 pages will make. I could tell first browsing the book when I got it from the library that it was...
by Fallible
Fri Sep 28, 2018 8:47 pm
Forum: Investing - Theory, News & General
Topic: Friend got back to me after my advice
Replies: 18
Views: 3858

Re: Friend got back to me after my advice

Interesting that she didn't know how her money was invested. Does this mean she never discussed this with her advisor? I would never blame the victim. People seek help because they do not feel that they know enough to be independent. This is the exact reason why a salesperson can pretend to be wise...
by Fallible
Fri Sep 28, 2018 5:53 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 13
Views: 1412

Re: Minnesota BH Fall Main Meeting 10/27/18

UPDATING with the Agenda for the Minnesota Bogleheads Fall Main Meeting, Saturday, October 27, 2018, 9:30-11:30 AM, at the newly renovated Ridgedale Library, Rohlf meeting room, 12601 Ridgedale Drive, Minnetonka, MN. Map to Ridgedale: https://goo.gl/maps/RfjeU4RitMm AGENDA : 9:30 Introduction : Welc...
by Fallible
Fri Sep 28, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: Friend got back to me after my advice
Replies: 18
Views: 3858

Re: Friend got back to me after my advice

Interesting that she didn't know how her money was invested. Does this mean she never discussed this with her advisor?
by Fallible
Thu Sep 27, 2018 5:08 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 13
Views: 1412

Re: Minnesota BH Fall Main Meeting 10/27/18

Save the date and note the new meeting location! Hello Financial Friends! Autumn is falling into place and we are gearing up for the Main Meeting next month. Please mark your calendars for Saturday 10/27/2018 in the morning from 9:30 to 11:30am. The new meeting location is the Ridgedale Library, Ro...
by Fallible
Sun Sep 23, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 83
Views: 6371

Re: Emotional Investor - I'm a mess and need help!

Thank you everyone. Your advice is truly priceless. From reading your posts I think I'm probably overthinking things too much . I know this is related to my personality of aiming for perfection and trying to find that strategy that will give me the best end result but the truth is as one of you sai...
by Fallible
Sun Sep 23, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 83
Views: 6371

Re: Emotional Investor - I'm a mess and need help!

You've described your problem well, know you need help, and surely that's half the battle. I can't tell if you mean professional help such as counseling, but it could help you to first understand what is happening and that could best lead to a solution that works for you. A book that helps with this...
by Fallible
Sun Sep 23, 2018 12:41 pm
Forum: Investing - Theory, News & General
Topic: Forbes: How Marketing Is Changing In Financial Services: Insight From Vanguard
Replies: 1
Views: 529

Re: Forbes: How Marketing Is Changing In Financial Services: Insight From Vanguard

Forbes on Vanguard My team is focused on finding ways to influence investor behavior with the end goal of better preparing 401(k) plan participants for retirement. Plenty of though going into getting people to be involved with 401Ks. Thanks for the post. It's an example of marketing using behaviora...
by Fallible
Sat Sep 22, 2018 7:25 pm
Forum: Investing - Theory, News & General
Topic: Has anyone gone to a Retirement Wealth Academy seminar?
Replies: 17
Views: 1775

Re: Has anyone gone to a Retirement Wealth Academy seminar?

... In the FAQ, they say they are not selling anything ... This can be misleading in two ways: first, they usually also say they are available to answer questions about their products AFTER the meeting, which is when actual sales, or further arrangements to make them, take place; second, the entire...
by Fallible
Sat Sep 22, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: New to Investing, I feel lost
Replies: 43
Views: 2053

Re: New to Investing, I feel lost

Welcome to the forum! You are off to a solid start. It's a bit difficult to know where you are "stuck," so we could use more specifics, such as how much you have in savings and where you stand on choosing an asset allocation. In addition to books, have you read the BH wiki on "Getting Started" and "...
by Fallible
Sat Sep 22, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: What book by Keynes is Mr Bogle referring to here?
Replies: 12
Views: 916

Re: What book by Keynes is Mr Bogle referring to here?

Try the chapter titled "The State of Long Term Expectation" in Keynes's magnum opus "The General Theory of Employment, Interest, and Money." You can probably find an electronic copy of the book if you search around on the Internet. I think this is right. Jack Bogle also has written often about this...
by Fallible
Thu Sep 20, 2018 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Kid's school brought in Wells Fargo to teach them financial literacy today.
Replies: 26
Views: 2034

Re: Kid's school brought in Wells Fargo to teach them financial literacy today.

Haha, what topics did they cover I wonder? Step 1: Get a Wells Fargo credit card Step 2: Buy as much as you can Step 3: Just try to stop banking with us now (evil laugh) The worksheet was titled, "Hands on Banking." I think it should have been titled, "Just wait till we get our hands on your money!...
by Fallible
Wed Sep 19, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation calculator
Replies: 50
Views: 3398

Re: Asset allocation calculator

It appears from your later replies to posters Ron Scott and retiredjg that you have indeed taken need, ability, and willingness to take risk into consideration in setting an allocation. However, I can't tell if you have done so before reading their replies or after . Which is it? Fallible, this was...
by Fallible
Tue Sep 18, 2018 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation calculator
Replies: 50
Views: 3398

Re: Asset allocation calculator

I am in the process transferring funds from advisor-managed portfolio to a 3 or 4 fund portfolio at Vanguard. I've been using MaxiFi to back out what level of return I need to achieve retirement goals. Once I have that number, I'd like to work out correct stock/bond allocation to achieve that retur...
by Fallible
Tue Sep 18, 2018 6:41 pm
Forum: Personal Consumer Issues
Topic: Dental work and hypertension issue
Replies: 42
Views: 3503

Re: Dental work and hypertension issue

SimonJester wrote:
Tue Sep 18, 2018 5:37 pm
My DDS also takes BP with annual exams. I hope they understand that being in a dental chair in itself raises your BP.
I assume they do know this, but I don't know how they apply it to the readings. My dentist's office uses a wrist cuff, which I understand is less reliable than the arm cuff.
by Fallible
Mon Sep 17, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: Unchanging opinions
Replies: 25
Views: 2274

Re: Unchanging opinions

Please comment on today's WSJ Real Time Economics posting: "We find that ... individuals are reluctant to incorporate new information. ... OP, my comment is that this reveals - at long last and not a moment too soon -the source of confirmation bias. What is your comment? My comment is that it makes...