Search found 6300 matches

by Fallible
Fri Jul 20, 2018 6:35 pm
Forum: Investing - Theory, News & General
Topic: Good Books on Investment?
Replies: 14
Views: 833

Re: Good Books on Investment?

The Bogleheads reading list is a good source of book titles that you may wish to investigate whether you want to read them or not. I believe that this is the reading list that livesoft refers to: https://www.bogleheads.org/wiki/Category:Books_and_authors I also think that Taylor's investment "Gems"...
by Fallible
Tue Jul 17, 2018 9:49 pm
Forum: Personal Consumer Issues
Topic: What are you learning or studying?
Replies: 99
Views: 7031

Re: What are you learning or studying?

One of the more difficult things I've had to learn is how to draw. There are rules for the technical aspects of drawing, the true draftsmanship part of it, but the artistic side is pretty much up to the individual - and that's the fun part. I've spent years learning to draw and will always be learni...
by Fallible
Tue Jul 17, 2018 6:59 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Know Your Investor Personality
Replies: 26
Views: 2617

Re: Larry Swedroe: Know Your Investor Personality

Some people say psychology is useless. I don't think so. If you're referring to psychology as scientific study of the mind, it certainly can be quite useful. Good examples of it for investors are the books Thinking, Fast & Slow (as suggested here by Larry), Predictably Irrational by Dan Ariely, You...
by Fallible
Thu Jul 12, 2018 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 318
Views: 26331

Re: Got my Ruth's Chris seminar invitation, "Surviving Retirement"

... Anyway, I told my wife 'never argue with a man who is about to buy you a steak'! that's very funny. But remember, it's not really the salesperson buying you the steak. It's the other people around you listening to the presentation who sign up for the salesperson's annuity. They're the ones who ...
by Fallible
Thu Jul 12, 2018 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: How to help parents "see the light" with index investing?
Replies: 17
Views: 1345

Re: How to help parents "see the light" with index investing?

SuperCrunchy wrote:
Thu Jul 12, 2018 5:59 pm
...
Where dos I draw the line of how involved I should get? ...
At this point let your parents draw the line. If you must, state your case to them, offer the book, then be patient and let it go. The next step is theirs.
by Fallible
Thu Jul 12, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 352
Views: 11756

Re: COMING SOON: BOGLEHEADS PODCASTS

Really looking forward to these podcasts and thanks to all for making them possible.

To continue the "Bogleheads' Guide" book series, now three strong with Taylor's new book, how about "The Bogleheads' Guide on Podcast with Rick Ferri."
by Fallible
Wed Jul 11, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 318
Views: 26331

Re: free dinner investing seminar

... i'd consider going to more but i'm not sure if the 3 hours of time is worth it. there's another offer for dad sitting on my desk that only asks for those with 500k investable assets so thinking about it. ... So everyone who attends is letting everyone else know, total strangers included, how mu...
by Fallible
Tue Jul 10, 2018 6:35 pm
Forum: Personal Consumer Issues
Topic: bike helmets
Replies: 82
Views: 4609

Re: bike helmets

But then I also grew up in the era of kids being able to ride bikes to school or wherever they wanted, Same here. And not only did we not wear helmets, I don't think we even knew where to get them if we wanted one. Maybe mail-order or something? There just wasn't a perception that bicycling was som...
by Fallible
Mon Jul 09, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Book Recommendations for a new Boglehead
Replies: 8
Views: 566

Re: Book Recommendations for a new Boglehead

Welcome to the forum!

A good book list awaits you from the Bogleheads' wiki:

https://www.bogleheads.org/wiki/Books:_ ... nd_reviews
by Fallible
Wed Jul 04, 2018 11:50 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000
Replies: 48
Views: 6589

Re: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000

Well I have just seen this video where Jack Bogle himself says he sold his stocks in year 2000 because valuations did not make any sense to him in those years. :shock: https://youtu.be/k6ra5POdsYg Minute 2:57 "I said, you know... with bonds yielding around 7% today, stocks yielding around 1%... sto...
by Fallible
Wed Jul 04, 2018 10:32 pm
Forum: Personal Consumer Issues
Topic: bike helmets
Replies: 82
Views: 4609

Re: bike helmets

Here's a good 2016 Consumer Reports article on the safety of helmets and hemet ratings that include MIPS helmets (favorable).

https://www.consumerreports.org/bike-he ... ke-helmet/
by Fallible
Mon Jul 02, 2018 3:28 pm
Forum: Personal Consumer Issues
Topic: bike helmets
Replies: 82
Views: 4609

Re: bike helmets

... In part I just took a spill on my bike and while I don’t remember hitting my head, I went over the handlebars and had a touch of dizziness and headache after the fact so i wonder if my head glanced off the handlebars. ... I'm sure you know all this already, but I'll just mention it anyway. The ...
by Fallible
Sun Jul 01, 2018 9:27 pm
Forum: Investing - Theory, News & General
Topic: Do Advisers Add $$$ Value?
Replies: 71
Views: 5488

Re: Do Advisers Add $$$ Value?

I find it generally fascinating that this industry has been able to normalize an ongoing percentage fee for advice. Think of all the professionals who advise or help us on a regular basis and how absolutely, utterly absurd it would be if one of them requested a never ending percentage of your finan...
by Fallible
Sun Jul 01, 2018 6:26 pm
Forum: Personal Consumer Issues
Topic: bike helmets
Replies: 82
Views: 4609

Re: bike helmets

Hello cyclists, I’ve read one should replace bike helmets after any significant impact, or after a certain number of years have passed (much like a car seat). My helmet has a 2002 sticker on it and was purchased in 2004. Would you agree I should replace? I ride very casually and very rarely, so I d...
by Fallible
Sun Jul 01, 2018 5:56 pm
Forum: Investing - Theory, News & General
Topic: Do Advisers Add $$$ Value?
Replies: 71
Views: 5488

Re: Do Advisers Add $$$ Value?

This from Jason Zweig may not directly answer your question, but it comes close: "While some financial advisers who cater to individual investors are willing to calculate and report their own average historical returns, the vast majority still don’t—and probably won’t until investors smarten up and ...
by Fallible
Sun Jul 01, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Learning Violin as an adult...1.5 years later
Replies: 198
Views: 27936

Re: Learning Violin as an adult...1.5 years later

Very nice. I'm glad you stayed with it. I read some of your earlier posts. I'm a music teacher and would be interested in knowing how much you practice, if you practice slowly, and if you sing. I've heard that in Europe every student is required to learn how to sight sing before beginning the study...
by Fallible
Fri Jun 29, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: [Do you subscribe to Consumer Reports?]
Replies: 31
Views: 2824

Re: [Do you subscribe to Consumer Reports?]

I no longer subscribe to it, but read it at the library and use it as needed.
by Fallible
Fri Jun 29, 2018 11:02 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3131
Views: 957403

Re: What Book Are You Currently Reading? Part VI

After watching the excellent Steven Spielberg film, The Post , some months ago, I got curious about how close it played to the real events. So I re-read Katharine Graham's book, Personal History , and then the Pentagon Papers section in the book, Ben Bradlee: A Good Life , and thought it was close ...
by Fallible
Thu Jun 28, 2018 10:45 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3131
Views: 957403

Re: What Book Are You Currently Reading? Part VI

After watching the excellent Steven Spielberg film, The Post , some months ago, I got curious about how close it played to the real events. So I re-read Katharine Graham's book, Personal History , and then the Pentagon Papers section in the book, Ben Bradlee: A Good Life , and thought it was close ...
by Fallible
Thu Jun 28, 2018 6:08 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3131
Views: 957403

Re: What Book Are You Currently Reading? Part VI

After watching the excellent Steven Spielberg film, The Post , some months ago, I got curious about how close it played to the real events. So I re-read Katharine Graham's book, Personal History , and then the Pentagon Papers section in the book, Ben Bradlee: A Good Life , and thought it was close e...
by Fallible
Wed Jun 27, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: Factor Investing Makes Someone Money, But Maybe Not You
Replies: 126
Views: 9101

Re: Factor Investing Makes Someone Money, But Maybe Not You

Rick, I wonder if some of your change in recommendation is related to do it yourself investor behavior? Do you think a DIY simple 3 fund investor is less likely to tinker with the portfolio? Thanks, Dave We're all entitled to receive market returns. They are sitting there waiting for us, taunting u...
by Fallible
Wed Jun 27, 2018 6:44 pm
Forum: Investing - Theory, News & General
Topic: Are we just way over complicating this?
Replies: 113
Views: 7172

Re: Are we just way over complicating this?

The more posts I read, including my own, them more convinced I am that either we are inventing scenarios to worry about or just discussing things for sport. In fact, it seems to me the wisest person in the kingdom might be someone who just opens a Vanguard account with one fund the Balanced Index f...
by Fallible
Mon Jun 25, 2018 1:28 pm
Forum: Investing - Theory, News & General
Topic: New York Times on current yield curve as powerful signal of recession
Replies: 44
Views: 4171

Re: New York Times on current yield curve as powerful signal of recession

There's an interesting article in the NY Times today on the current yield curve. https://www.nytimes.com/2018/06/25/business/what-is-yield-curve-recession-prediction.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region®ion=top-news&WT.nav=top-news Included ar...
by Fallible
Sat Jun 23, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: Retiree do's and don't's in a rising rate environment by Christine Benz
Replies: 14
Views: 2875

Re: Retiree do's and don't's in a rising rate environment by Christine Benz

Thanks for the article, which nicely addresses many of my concerns as a retiree. This section in particular referring to the Lee quote is excellent advice: Don't Lose Sight of the Big Picture Rising interest rates do have the potential to lead to bond losses in the years ahead, and it's wise to bra...
by Fallible
Sat Jun 23, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: Factor Investing Makes Someone Money, But Maybe Not You
Replies: 126
Views: 9101

Re: Factor Investing Makes Someone Money, But Maybe Not You

Robert T wrote: My portfolio has held up fairly well with higher returns over the last 15, 10, 5, and 3 year periods. This is despite views that the small cap premium is dead and the value premium is following suit. I personally believe that Robert T is a highly accomplished factor investor who aft...
by Fallible
Sat Jun 23, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: Retiree do's and don't's in a rising rate environment by Christine Benz
Replies: 14
Views: 2875

Re: Retiree do's and don't's in a rising rate environment by Christine Benz

Thanks for the article, which nicely addresses many of my concerns as a retiree. This section in particular referring to the Lee quote is excellent advice: Don't Lose Sight of the Big Picture Rising interest rates do have the potential to lead to bond losses in the years ahead, and it's wise to brac...
by Fallible
Thu Jun 21, 2018 8:53 pm
Forum: Investing - Theory, News & General
Topic: Factor Investing Makes Someone Money, But Maybe Not You
Replies: 126
Views: 9101

Re: Factor Investing Makes Someone Money, But Maybe Not You

Factor investing is discussed ad nauseam on this forum. Lately, it has reached the point were investors who shouldn’t do factor investing become confused to the point of believing they should or they’ll miss out on something. Let’s correct that. Factor investing is complex and the “optimal” way to ...
by Fallible
Thu Jun 21, 2018 11:14 am
Forum: Investing - Help with Personal Investments
Topic: "Never time the market" vs. lump sum investment
Replies: 68
Views: 5072

Re: "Never time the market" vs. lump sum investment

Here is the WIKI on windfalls, the information may be useful in your situation: https://www.bogleheads.org/wiki/Managing_a_windfall The correct approach to investing is to select a level of risk (asset allocation) that you can live with regardless of market condition. Then invest, regardless of mar...
by Fallible
Thu Jun 21, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: Does an IPS really need to be 5 pages long to be valuable?
Replies: 64
Views: 3410

Re: Does an IPS really need to be 5 pages long to be valuable?

While looking at sample IPS's online I see many are long (5+ pages). My belieif is something that long will not get read and sit in a drawer forever. Or should the be that long to make it valuable. ... Can you provide some examples of the online statements you saw? It would be helpful to know what ...
by Fallible
Tue Jun 19, 2018 7:15 am
Forum: Personal Consumer Issues
Topic: Where to purchase an used clarinet for a student - Amazon vs. store?
Replies: 14
Views: 773

Re: Where to purchase an used clarinet for a student - Amazon vs. store?

I would get advice from the school's music department or see if you can find a clarinet player you can pay to come with you to visit a used instrument store for advice. I wouldn't try to buy an instrument on my own. A bad quality instrument will be a big deterrent to your kid. Agree about asking th...
by Fallible
Mon Jun 18, 2018 7:17 pm
Forum: Personal Consumer Issues
Topic: How do you read books?
Replies: 34
Views: 3087

Re: How do you read books?

I have noticed that for the majority of books I read I tend to read it in straightforward linear fashion from start to finish. Often I feel as though, relative to the amount of information in the book, the amount I actually retain is quite low. ... When you say the “amount” you retain from reading ...
by Fallible
Sat Jun 16, 2018 5:27 pm
Forum: Investing - Theory, News & General
Topic: Am I "market timing"?
Replies: 37
Views: 1982

Re: Am I "market timing"?

You could be wrong? Doesn't sound like you are 100% convinced then. I guess we have different definitions of 100% convinced. :) The problem with market timing - even people who think they are certain about something have a tendency to waiver. ;) LOL, yes indeed! This board wouldn’t exist otherwise,...
by Fallible
Fri Jun 15, 2018 7:08 pm
Forum: Investing - Theory, News & General
Topic: Am I "market timing"?
Replies: 37
Views: 1982

Re: Am I "market timing"?

AerialWombat wrote:
Fri Jun 15, 2018 2:45 pm
... I'm 100% convinced that we'll see a 15-30 percent drop in the next 18 months.
...

I think the real question here is on what basis are you 100% convinced?
by Fallible
Fri Jun 15, 2018 5:41 pm
Forum: Investing - Theory, News & General
Topic: Our interview with Taylor Larimore
Replies: 17
Views: 3806

Re: Our interview with Taylor Larimore

Thanks, Taylor and Barry, for an enjoyable interview. I look forward to reading the three-fund book, the latest in a great series of Bogleheads books. :thumbsup
by Fallible
Fri Jun 15, 2018 4:05 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11904

Re: Which boglehead rule do you break--and are ok with

The principle I have the biggest problem with is the "never bear too much or too little risk". That is a fortune cookie answer and is not really specific enough to be actionable. What is "too much" or "too little"? It is WAY too vague to be usable. How about a general rule of thumb like the one I u...
by Fallible
Fri Jun 15, 2018 2:21 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11904

Re: Which boglehead rule do you break--and are ok with

I'm a pretty strict boglehead. The one guide I don't do is a written out directive Investment Plan Statement. I have some guiding heuristics I stick to religiously (segregating buckets according to desired risk and timeline, rebalancing) but I personally have never felt the need to write out anythi...
by Fallible
Wed Jun 13, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3131
Views: 957403

Re: What Book Are You Currently Reading? Part VI

Just finished Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou, a WSJ investigative reporter who previously wrote a series of articles about the health care startup, Theranos, and its young founder and CEO Elizabeth Holmes. It’s about Holmes and the Valley, but also about t...
by Fallible
Mon Jun 11, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 17460

Re: Life in retirement - what did you do today?

This morning I mostly pouted over the rain (hadn't been forecasted) that ended plans to bike. Went to the library to pick up a book, read some of it there, got bored and returned it. Chatted with a friend there and we agreed to meet for lunch on Thursday. Back home, still raining, logged on to this ...
by Fallible
Sat Jun 09, 2018 3:53 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5556

Re: Jack Bogle on Fox Business Channel Friday June 8

Another 5 minutes from the interview. https://m.youtube.com/watch?v=RC__VrsfdpM at 1:42 he says 'there will be opportunities - we have seen them in the last 25 yrs - to get out and get back in'. I am not sure whether he is advocating market timing, perhaps based on extreme valuations (as he elsewhe...
by Fallible
Sat Jun 09, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: When I thought I was smarter than the market
Replies: 22
Views: 3762

Re: When I thought I was smarter than the market

ragnathor, thanks for sharing your experiences and the lessons you've learned from them. We all need to see this as we all make mistakes. In fact, this reminded me of two books I've read about investing mistakes and what is called "Enbrace the Mistake." The term was used by WSJ columnist Jason Zweig...
by Fallible
Fri Jun 08, 2018 4:49 pm
Forum: Investing - Theory, News & General
Topic: The Psychology of Money - A Blog Post
Replies: 67
Views: 9621

Re: The Psychology of Money - A Blog Post

I loved this one: There are over 2,000 books picking apart how Warren Buffett built his fortune. But none are called “This Guy Has Been Investing Consistently for Three-Quarters of a Century.” And that's apparently how Grace Groner built her fortune, too. But there are not 2,000 books about that. S...
by Fallible
Thu Jun 07, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3131
Views: 957403

Re: What Book Are You Currently Reading? Part VI

Just finished Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou, a WSJ investigative reporter who previously wrote a series of articles about the health care startup, Theranos, and its young founder and CEO Elizabeth Holmes. It’s about Holmes and the Valley, but also about th...
by Fallible
Thu Jun 07, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: The Psychology of Money - A Blog Post
Replies: 67
Views: 9621

Re: The Psychology of Money - A Blog Post

That hierarchy actually is flawed when it comes to Boglehead principles. I think many people reading this forum conflate Asset Allocation and Security Selection, so there doesn't need to be two trapezoids describing them. After all, security selection is practically trivial: Pick the index fund tha...
by Fallible
Thu Jun 07, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: The Psychology of Money - A Blog Post
Replies: 67
Views: 9621

Re: The Psychology of Money - A Blog Post

This is an excellent blog by Morgan Housel on how investing is not the study of finance, but the study of how people behave with money. "And behavior," he writes, "is hard to teach, even to really smart people." His points, including a graphic on the "Hierarchy of Investor Needs,'" are referenced in...
by Fallible
Tue Jun 05, 2018 8:38 pm
Forum: Investing - Theory, News & General
Topic: FOMO (Fear Of Missing Out) and your portfolio?
Replies: 23
Views: 2406

Re: FOMO (Fear Of Missing Out) and your portfolio?

columbia wrote:
Tue Jun 05, 2018 6:22 pm
I saw FOMO referenced in another thread and - based on my own choices and the choices of others - believe that it’s a real phenomenon. ...
Here's the link to the Stanford FOMO study in the thread you're referring to:

https://edu.google.com/intl/en_ca/lates ... rsity-gcp/
by Fallible
Tue Jun 05, 2018 8:15 pm
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 12115

Re: To be or not to be complex, that is the question

"Good investing," he writes, "isn't necessarily about earning the highest returns, because the highest returns tend to be one-off hits that kill your confidence when they end. It's about earning pretty good returns that you can stick with for a long period of time. That's when the compounding runs ...
by Fallible
Tue Jun 05, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 12115

Re: To be or not to be complex, that is the question

... FOMO is real, so is the risk of sticking your head out and being truly 'contrarian' to the crowd. Animals that stick out from the herd are more likely to get hen-pecked or even slaughtered by predators, on rare occasion the difference turns out to be a positive adaptation that succeeds in natur...
by Fallible
Mon Jun 04, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 12115

Re: To be or not to be complex, that is the question

FOMO (fear of missing out) is a major driver of complexity. I know that I've fought against that demon many times. When you hear enough people calling out the risks or benefits of a particular choice, you start to wonder what if they are right? What would be the consequences? The natural inclinatio...
by Fallible
Sun Jun 03, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 13698

Re: Best Advice You Never Took

The best advice I got I did take - but not often enough. It came from a grade school teacher: "Think before you speak." Fast-forwarding to now, it's a reason I highly value the "Preview" button on this site.
by Fallible
Sun Jun 03, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 12115

Re: To be or not to be complex, that is the question

To some extent, ‘simplicity’ and ‘complexity’ are relative. For example, I have a 3-fund core portfolio with SCV and REIT tilts. I consider this “simple” since my tilts will always be weighted according to my IPS. I won’t deviate from that and only rebalance when my pre-defined thresholds are met (...