Search found 1384 matches

by goodenyou
Sun Dec 09, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Insurer provided wrong info to Dr, then denied claim
Replies: 8
Views: 1152

Re: Insurer provided wrong info to Dr, then denied claim

Let me give you a current scenario as a provider A college-aged student with a health care plan (a lousy one) needs surgery. Our office gets precertification for all the CPT codes for the procedure. The patient has the procedure and insurance turns around and denies the claims because those procedur...
by goodenyou
Sat Dec 08, 2018 5:11 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 8498
Views: 1666567

Re: This is what stocks do.

Bogleheads: With 68 years of investing experience behind me, I have learned THIS IS WHAT STOCKS DO. They go up and down. Mr. Bogle, who also has many years of investing experience, gives us the simple (but not easy) answer: Design a suitable asset-allocation plan, then Stay-the-course. Best wishes....
by goodenyou
Sat Dec 08, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: "The 10 Worst Places To Get Investing Advice"
Replies: 37
Views: 4834

Re: "The 10 Worst Places To Get Investing Advice"

I would add:


11. An insider at the company that you are planning to invest in.


Bad form and may land you in jail.
by goodenyou
Fri Dec 07, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11869

Re: Why Retirement Is Broken And Needs To Be Reinvented

The Stanford Marshmallow experiment should be repeated to (most likely) include healthy retirement savings to the other "better life outcomes" of lower BMI, educational attainment and higher SAT scores. Delayed gratification is an impulse control that appears to be more and more difficult in the age...
by goodenyou
Wed Dec 05, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Why Is Insurance Worth It (Analytically)?
Replies: 89
Views: 4173

Re: Why Is Insurance Worth It (Analytically)?

Your question comes up every now and then. Many here discuss insurance as a method of decreasing their own risks. That's true, it does. I feel it has a second, perhaps more important aspect. If, by my actions or inactions, I injure somebody, or even just damage their property, the responsible thing...
by goodenyou
Tue Dec 04, 2018 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Retired in your late 40s or early 50s?
Replies: 62
Views: 9907

Re: Retired in your late 40s or early 50s?

I turned 50 this year and my calculations show that I could retire. I also have a 14 year old bundle of hormones that is inhabiting a bedroom in our house. When I brought up the possibility of removing the noose around my neck for a life of leisure my wife gave me one of her classic ‘are you crazy’...
by goodenyou
Sun Dec 02, 2018 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Retired in your late 40s or early 50s?
Replies: 62
Views: 9907

Re: Retired in your late 40s or early 50s?

Realizing that I could retire when I hit 50, and not have to accumulate savings or payoff debt, was enough for me. I now have a different attitude about work and the people that I have to deal with on an everyday basis.
by goodenyou
Sat Dec 01, 2018 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand money market mutual funds
Replies: 7
Views: 874

Re: Help me understand money market mutual funds

Thank you both for the responses. Nisiprius - thanks for sharing the history lesson and personal story. My dad, who is 60, always talks about how my grandfather "laughed all the way to the bank" because he earned far more in a savings account than his mortgage rate. my mortgage is 2.875%. it is con...
by goodenyou
Wed Nov 28, 2018 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: How did YOU choose your career?
Replies: 148
Views: 8504

Re: How did YOU choose your career?

My dad was a pharmacist. The youngest of 5 sons of Italian-immigrant parents that didn't speak English and had no formal education. He was very proud to be educated and wanted me to go one "step further" to become a doctor. He believed that it was a noble profession. He planted the seed. I was 10 ye...
by goodenyou
Tue Nov 27, 2018 3:31 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 16973

Re: Do you need to invest mostly in stocks to get rich?

I happen to think that its a VERY forgiving investment. Take my family for instance. My parents randomly bought real estate starting in '92, and bought a new property once every 5-7 years roughly. Now, several million in real estate equity, and ~$80K in annual net income. And guess what? They didn'...
by goodenyou
Tue Nov 27, 2018 12:42 pm
Forum: Investing - Theory, News & General
Topic: Does 100% stocks make sense for very high net worth individuals
Replies: 89
Views: 6860

Re: Does 100% stocks make sense for very high net worth individuals

If SS and/or a pension met 100% of your needs, would you be 100% stocks? I have a family member who has money left over every moth after SS and a very small pension. He is extremely frugal. He is not very high or even high net worth. He can afford to be 100% stocks, but it doesn't make sense to him ...
by goodenyou
Mon Nov 26, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: $724k in debt and I want to buy a home.
Replies: 54
Views: 6462

Re: $724k in debt and I want to buy a home.

I would laser focus on the debt. I wouldn't sign another piece of paper of long term obligation with that debt load. It is difficult to have clarity when you carry that much debt. Your world will come into much better focus when you extinguish that albatross around your (both) neck. I lived for many...
by goodenyou
Sun Nov 25, 2018 9:03 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 16973

Re: Do you need to invest mostly in stocks to get rich?

You can get "rich" by having a high paying job and living way below your means. Some people are able to save 50%+ or more of their income because they make much more than they "need". Then, they are able to live off a small fraction of their pre-retirement income. During earning years, they continue...
by goodenyou
Sun Nov 25, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Using unexpected income -- planning retirement and kids college
Replies: 12
Views: 1170

Re: Using unexpected income -- planning retirement and kids college

I would split it between adding more to the 529 and a taxable portion of savings. Add according to your asset allocation. Total Stock Market or add to a Bond fund. $35k in 529 and $35k in Taxable. If your salary stays up, you will (likely) get little financial aid unless your kids have a talent. Tha...
by goodenyou
Wed Nov 21, 2018 9:27 am
Forum: Investing - Theory, News & General
Topic: Opinion Required
Replies: 41
Views: 2407

Re: Opinion Required

Wow! Brutal honesty here on Bogleheads.org. You won't get a sugarcoated answer here. I agree with others that making large moves and swinging for the fences is poor judgement. If you want to test your belief in your ability to time the market, do it will a small percentage of assets. You may realize...
by goodenyou
Tue Nov 20, 2018 9:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 8498
Views: 1666567

Re: U.S. stocks in freefall

I'm very curious if people who have 60% or more of their investment portfolio in common stocks are actually able to sleep well at night during times like this. I guess I can understand it if you're in your 20s or 30s and have 30-40 years of working and job income in front of you. But what about you...
by goodenyou
Mon Nov 19, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29202

Re: [Financial] Habits of the Rich

Folks, To each its own. There are at least two different views on money/wealth/rich. A) People that use the money to live their own lives. To this group of people, money means freedom to live their own lives without caring other's opinion. It is freedom. They may spend less on X but more on Y. It h...
by goodenyou
Mon Nov 19, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29202

Re: [Financial] Habits of the Rich

Read this (It was posted here several months ago) The Psychology of Money by Morgan Housel One excerpt: You can laugh. But the truth is, yes, people need to be told that. When most people say they want to be a millionaire, what they really mean is “I want to spend a million dollars,” which is litera...
by goodenyou
Sat Nov 10, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 301
Views: 45798

Re: Whats your number to walk away?

Picking a number to "walk away" is an interesting concept. I think a lot has to do with your ability to achieve that number. If you make a lot of money (>$500k/year) and your work is enjoyable and not too stressful to make a high income, you make pick a number that has less to do with need and more ...
by goodenyou
Sat Nov 03, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 18445

Re: Vanguard website "unavailable during weekend of Nov 3"

The question of whether having all assets at one investment site is a good idea or not is often asked here. Maybe this would be a good reason to spread it out a bit.
by goodenyou
Wed Oct 31, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: Is a declining bond market a prescient warning of a declining stock market?
Replies: 10
Views: 995

Re: Is a declining bond market a prescient warning of a declining stock market?

Let me re-phrase the question to see if it changes your opinion:

In a declining stock market, does a (simultaneous) declining bond market portend a dramatic fall in the stock market?


#Edited for spelling
by goodenyou
Tue Oct 30, 2018 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Using Cash as actual Bond Allocation?
Replies: 15
Views: 1749

Re: Using Cash as actual Bond Allocation?

Cash is a bond with a duration of zero. I am not a real fan of cash. Inflation will eat away at its value. I would modestly push towards a higher allocation in bonds. Note, any CD with over 1 year to maturity is a bond. Not a fan of CD ladders either, but it is better than cash. So let me ask - why...
by goodenyou
Tue Oct 30, 2018 8:34 pm
Forum: Investing - Theory, News & General
Topic: Is a declining bond market a prescient warning of a declining stock market?
Replies: 10
Views: 995

Is a declining bond market a prescient warning of a declining stock market?

I haven't heard this before, but I recently heard a talking head make this statement. He made the statement that the bottom hasn't begun to fall out of the stock market because there is no sign of capitulation in the (corporate?) bond market. True or not? What say you?
by goodenyou
Tue Oct 23, 2018 8:10 am
Forum: Investing - Help with Personal Investments
Topic: "The market always comes back"
Replies: 20
Views: 4072

Re: "The market always comes back"

I think you have to assume that the market fluctuates and the ability to take risk as you age decreases. So, it is imperative that you choose an asset allocation that contemplates this reality. Realizing that you have chosen an inappropriate asset allocation after the fact may lead to more bad decis...
by goodenyou
Sat Oct 20, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Health care prices in Wisconsin
Replies: 4
Views: 845

Re: Health care prices in Wisconsin

This information has little to do with physician charges. The information really has little value. C-Section in a Medicare patient? $6k+ ?? I am sure there are very few disabled child-bearing women on Medicare. Maybe Medicaid. "Asthma" $4K. What is that? A cataract reimburses less than $800.00 for M...
by goodenyou
Sat Oct 20, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: What do you consider 'enough'?
Replies: 96
Views: 11367

Re: What do you consider 'enough'?

When I win the Mega Million (Billion) Lottery on Tuesday, it will be enough.
by goodenyou
Sat Oct 20, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Thank you from a widow
Replies: 24
Views: 4863

Re: Thank you from a widow

This post made me wonder how many Bogleheads in a marriage participate in this forum alone or with their spouse. If you adhere to Boglehead advice, chances are that you are considerate enough to be sure your surviving spouse is financially viable with good insurance and/or good planning. Wives (in m...
by goodenyou
Wed Oct 17, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Kidnapping and Ransom in Bitcoins
Replies: 4
Views: 1095

Re: Kidnapping and Ransom in Bitcoins

This is a first. I imagine this subject is out of bounds for this forum. I live in an area where this does happen, and personally know people it has happened to. These kinds of crimes are made for cryptocurrency. Before the thread is closed, let me say I am sorry for your friend and wish you the bes...
by goodenyou
Wed Oct 17, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Prepare For The Bear
Replies: 74
Views: 10054

Re: Larry Swedroe: Prepare For The Bear

There is a vibe that this market is one bad hair day from a nervous breakdown. I don't subscribe, but the large swings may indicate that there is some substance to the fear. The wounds of 2008--2009 were very deep, and haven't completely healed (if ever). Having conviction on the direction of the m...
by goodenyou
Tue Oct 16, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 11411

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

To save everyone the effort of repeating all the back and forth that has happened on the prior threads I will summarize the counter arguments: 1) The future may not look like the past 2) Australia has outperformed the US historically 3) Plenty of good companies outside the US too 4) If you are okay...
by goodenyou
Tue Oct 16, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Prepare For The Bear
Replies: 74
Views: 10054

Re: Larry Swedroe: Prepare For The Bear

There is a vibe that this market is one bad hair day from a nervous breakdown. I don't subscribe, but the large swings may indicate that there is some substance to the fear. The wounds of 2008--2009 were very deep, and haven't completely healed (if ever). Having conviction on the direction of the ma...
by goodenyou
Tue Oct 16, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 11411

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

Thanks for posting Taylor. Jack appears to be US-centric in his investment portfolio advice, but I think it stems from the belief that most large US companies have plenty of international exposure. The stability of the US seems to tip the balance for him. This topic seems to re-emerge frequently.
by goodenyou
Mon Oct 15, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: "Turn Off The Financial News"
Replies: 13
Views: 1937

Re: "Turn Off The Financial News"

It's not just financial news that should be turned off.
by goodenyou
Mon Oct 15, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing FAFSA even if you know you'll get nothing?
Replies: 70
Views: 5154

Re: Is it worth filing FAFSA even if you know you'll get nothing?

Just wrote the check. We didn't need to be told that our EFC exceeded the cost of attendance.
by goodenyou
Sat Oct 13, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor discussing finances with me
Replies: 64
Views: 6111

Re: Neighbor discussing finances with me

Very few people will take your advice if you are not a registered financial advisor. Sometimes they will take your advice if you are a person with conspicuous consumption and material elitism because people believe that you have the magic touch. A paid off mortgage is not conspicuous and early retir...
by goodenyou
Sat Oct 13, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4946

Re: Is EMH a tautology?

That's what makes the "H" in EMH a hypothesis. If it were "proven" (a difficult term to use considering most scientific research will never use the term proven but will only speak in terms of statistical significance, which means that there's always some percentage chance that results you got were ...
by goodenyou
Fri Oct 12, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4488

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

Stocks are not "on sale" but are actually repriced to reflect a new, slower growth world. So you mean that the growth prospects for European small caps suddenly changed on Wednesday at 3.30 pm (when their price suddenly dropped), and have today improved? I think that buyers are less interested in t...
by goodenyou
Fri Oct 12, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 111
Views: 8457

Re: What did you buy today

Ear plugs.
by goodenyou
Wed Oct 10, 2018 6:25 pm
Forum: Investing - Theory, News & General
Topic: Child is HS senior: Should college fund have any equities?
Replies: 28
Views: 2340

Re: Child is HS senior: Should college fund have any equities?

Today is a reminder of why I went from equities to FDIC in my 529 for my college-aged students. This decline may not be a trend, but I am glad I locked in those gains with no risk of dipping below the requirement to fund all 4 years. It will probably go up, but I won't have regrets that I may have m...
by goodenyou
Wed Oct 10, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: When stocks and bonds drop at the same time, what do you do?
Replies: 40
Views: 4598

Re: When stocks and bonds drop at the same time, what do you do?

This is a Bogle "don't do something, just stand there" moment. Good things happen slowly, and bad things happen fast.

It's time for idioms.
by goodenyou
Wed Oct 10, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 RBD?
Replies: 28
Views: 2149

Re: S&P 500 RBD?

No. A RSD.
by goodenyou
Wed Oct 10, 2018 1:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 8498
Views: 1666567

Re: U.S. stocks in freefall

Nowadays, you're getting a sale on BOTH stocks and bonds. Everything is on sale.
by goodenyou
Tue Oct 09, 2018 8:31 am
Forum: Investing - Theory, News & General
Topic: Child is HS senior: Should college fund have any equities?
Replies: 28
Views: 2340

Re: Child is HS senior: Should college fund have any equities?

Thanks for all the replies. It looks like I should be more conservative. After all, I've heard the adage that "any monies needed in the next 5 years should not be in stocks." Now, does Total Bond's duration make it a less-than-desirable holding tank, or should the money go to a short term bond fund...
by goodenyou
Mon Oct 08, 2018 9:03 pm
Forum: Investing - Theory, News & General
Topic: Child is HS senior: Should college fund have any equities?
Replies: 28
Views: 2340

Re: Child is HS senior: Should college fund have any equities?

I watched one of my employees panic in 2008-2009 when her son entered college and they had to draw on their 529. That made a significant impact on me. When I exceeded the funds needed for all 4 years, I converted all to FDIC. I sleep well. I have left some in equities for my hs sophomore since there...
by goodenyou
Mon Oct 08, 2018 8:19 pm
Forum: Investing - Theory, News & General
Topic: What tools do you use to track your finances?
Replies: 50
Views: 3959

Re: What tools do you use to track your finances?

Vanguard Portfolio Analysis Same here. As I continue simplifying our Vanguard accounts, there is really not a lot of things needing tracking in our portfolio. For expenses, I have a sheet of heavy cardstock with 26 rows horizontally, and 12 columns, one for each month. Each horizontal row(cell) has...
by goodenyou
Mon Oct 08, 2018 1:59 pm
Forum: Investing - Theory, News & General
Topic: Is it a sign that a bear market is coming, when most people are afraid that stocks will plummet?
Replies: 42
Views: 2889

Re: Is it a sign that a bear market is coming, when most people are afraid that stocks will plummet?

Post hoc ergo propter hoc.

I'm not sure that saying is relevant here, but I really felt like saying it.