Search found 4600 matches

by stemikger
Tue Feb 20, 2018 3:22 pm
Forum: Investing - Theory, News & General
Topic: Which book for an 18 year old who is asking about investing?
Replies: 44
Views: 2610

Re: Which book for an 18 year old who is asking about investing?

A Simple Path to Wealth by Jim Collins.

Awesome book for someone just starting out. Jim wrote this for his daughter who has no interest in financial matters. It is a very enjoyable easy read!
by stemikger
Fri Feb 16, 2018 4:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard LifeStrategy Funds vs. Target Date Funds
Replies: 63
Views: 5310

Re: Vanguard LifeStrategy Funds vs. Target Date Funds

For what it's worth Jack Bogle likes the fixed 60/40 AA. In fact in his updated Little Book on Common Sense Investing, it is referred to as the Bogle Model. However, you can do a lot worse than if you simply put it in one TDF and never look back. IMHO whatever enables you to stay the course would be...
by stemikger
Sat Feb 10, 2018 9:12 am
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 6601

Re: Day trading for a living/career?

I think in order to do this and succeed at it, you will have to eat, sleep and drink it. In other words, it has to be your passion. I come from a family of actors. They work, but it is a struggle. The advice my Uncle who has been a working actor for over 30 years told my nephew who has gotten the ac...
by stemikger
Fri Feb 09, 2018 5:13 pm
Forum: Personal Consumer Issues
Topic: Who has had a pool?
Replies: 79
Views: 4095

Re: Who has had a pool?

Who has had or built a pool, do you have kids, what kind did you have and how did/do you like it? Unless you've owned a pool please don't respond with a pool is a waste of money, you should instead invest, play it super safe financially and watch your portfolio grow. I have a very high-end above gr...
by stemikger
Thu Feb 08, 2018 7:12 pm
Forum: Investing - Theory, News & General
Topic: How to deal with regret
Replies: 87
Views: 7359

Re: How to deal with regret

Over the long term you will lose much more in cash, it just won't feel the same. In 10 years, you would be glad you own stocks instead of any other type of investment. You have to start thinking like the greats, read Warren Buffett's Letters to Shareholders and once you get it, you won't care what t...
by stemikger
Wed Feb 07, 2018 10:43 am
Forum: Investing - Help with Personal Investments
Topic: market downturn
Replies: 13
Views: 986

Re: market downturn

I have 50/50 allocation with Vanguard Index Funds. I am 66 and retired. Not withdrawing from IRA yet. I'm wondering if 50/50 is appropriate for my age in this expected ugly downturn. I hear people say they aren't in the stock market at all. What could I be doing to keep my nest egg instead of worry...
by stemikger
Mon Feb 05, 2018 6:45 am
Forum: Investing - Help with Personal Investments
Topic: Retired at 50. Staying 100% in stock Index Funds. Anyone else?
Replies: 153
Views: 13525

Re: Retired at 50. Staying 100% in stock Index Funds. Anyone else?

I didn't read the other replies yet, but to the OP, you are not crazy, you can invest any way you want in your situation. 100% in stocks or 100% in bonds if you like. If you have all your living expenses covered and no other mouths to feed, you are in a position that you will never or should never f...
by stemikger
Sat Feb 03, 2018 9:52 am
Forum: Investing - Help with Personal Investments
Topic: John Bogle and Japanese Stock market.
Replies: 33
Views: 3022

Re: John Bogle and Japanese Stock market.

I'm still with Jack on this. Of course anything can happen in this life, but the U.S. has so many safeguards in place that Japan didn't at the time. Warren B. has always said no one has ever bet against American and won. His and Jack's experience is something that can't be dismissed when arguing why...
by stemikger
Fri Feb 02, 2018 4:16 am
Forum: Investing - Theory, News & General
Topic: Ric Edelman: Vanguard, Other Bitcoin Deniers Will Eat Their Words
Replies: 47
Views: 6046

Re: Ric Edelman: Vanguard, Other Bitcoin Deniers Will Eat Their Words

I used to like Edelman until I read one of his books. Pure rubbish. He has a technique on his show where he never gets to the point on purpose. I also disagree on why you should carry a big long mortgage.
by stemikger
Wed Jan 31, 2018 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: What should my Asset Allocation be, Stocks vs. Bonds?
Replies: 14
Views: 967

Re: What should my Asset Allocation be, Stocks vs. Bonds?

If this is in a retirement fund, I'd put the entire balance in the Vanguard Balanced Index Fund which is 60/40. You will never have to worry about rebalancing or never have to worry about anything other than how much you want to withdraw each year. John Bogle thinks holding this one fund for life is...
by stemikger
Tue Jan 30, 2018 1:40 am
Forum: Investing - Theory, News & General
Topic: Warren Buffett Books
Replies: 35
Views: 3795

Re: Warren Buffett Books

"Snowball" I borrowed from the library a few years ago and skimmed through it. To be honest it wasn't Buffett I was interested in reading the book for, but about my other investment hero "Walter Schloss". Yes! It seems there is a constellation of investors around buffett that would be interesting t...
by stemikger
Fri Jan 26, 2018 1:18 am
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 237
Views: 20573

Re: In what ways could BogleHeads be badly wrong ?

jalbert wrote:
Thu Jan 25, 2018 11:30 pm
Please name one decent brand new car selling for $6500 nine years ago.
In 2009 where I live Chrysler dealerships were going out of business and a considerable number of brand new PT Cruisers were for sale for $6400.
Jalbert, that is not a car, it's a sofa with wheels. lol. :P :beer
by stemikger
Wed Jan 24, 2018 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Your bond allocation when you were 48
Replies: 125
Views: 6029

Re: Your bond allocation when you were 48

AnalogKid22 wrote:
Wed Jan 24, 2018 6:04 pm
It appears "age in bonds" is not the norm.
You are right, but Jack says that is just a guideline. A very rough rule of thumb if you will.
by stemikger
Wed Jan 24, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Your bond allocation when you were 48
Replies: 125
Views: 6029

Re: Your bond allocation when you were 48

I was 65/35 stocks/bonds. I held and still do a two fund portfolio. Vanguard Institutional Index Fund and BlackRock U.S. Debt Index.
by stemikger
Tue Jan 23, 2018 2:56 am
Forum: Personal Consumer Issues
Topic: Work-out schedule for those in 60s
Replies: 78
Views: 6372

Re: Work-out schedule for those in 60s

Not 60 yet (53) but for what it's worth here is what I do. Like investing I like to keep my exercise and diet routine as simple as possible. 6 or 7 days a week walk on the treadmill in my bedroom for 20 minutes. 6 days a week do the Bullworker Wall Chart Isomertic routine. It takes all of 15 minutes...
by stemikger
Tue Jan 23, 2018 2:28 am
Forum: Personal Consumer Issues
Topic: SoCal Ipe deck cost?
Replies: 17
Views: 1013

Re: SoCal Ipe deck cost?

To the OP. I talked to the contractor who just built my deck using Veranda Armorguard decking. He said IPE is the best wood you can get but very expensive and very hard to work with. He said you really have to know how to work with it in order to do it correctly. I guess that is why it is so expensi...
by stemikger
Tue Jan 23, 2018 2:25 am
Forum: Local Chapters and Bogleheads Community
Topic: My daughter got her dream job [Proud Papa]
Replies: 39
Views: 3444

Re: My daughter got her dream job [Proud Papa]

Thanks so much everyone! I really appreciate the well wishes.

:beer
by stemikger
Sun Jan 21, 2018 10:46 am
Forum: Local Chapters and Bogleheads Community
Topic: My daughter got her dream job [Proud Papa]
Replies: 39
Views: 3444

Re: My daughter got her dream job

MSO4PRN wrote:
Sun Jan 21, 2018 8:26 am
if you can edit, i would definitely delete her employer from this post. I understand you are happy, but what if someone who was an internal employee that was interviewing for this job with experience saw this post?
Thanks, I just did. I should have realized that!
by stemikger
Sun Jan 21, 2018 8:25 am
Forum: Local Chapters and Bogleheads Community
Topic: My daughter got her dream job [Proud Papa]
Replies: 39
Views: 3444

Re: My daughter got her dream job

Congratulations and what joy to see your daughter become a person you not only love, but LIKE as a responsible, caring and gainfully employed adult :D . In addition to sharing your pride, an actionable component of this topic is the value of working with kids as they become independent to gain fina...
by stemikger
Sun Jan 21, 2018 8:20 am
Forum: Investing - Theory, News & General
Topic: What's your U.S. : International ratio?
Replies: 169
Views: 31559

Re: What's your U.S. : International ratio?

On a side note, I love how Bogleheads are such independent thinkers (which is a good thing). They even disagree with the our leader! I have no problem with disagreeing with Jack, but IMHO the chapter in Common Sense on Mutual Funds on international investing just makes so much sense that all the arg...
by stemikger
Sun Jan 21, 2018 8:04 am
Forum: Local Chapters and Bogleheads Community
Topic: My daughter got her dream job [Proud Papa]
Replies: 39
Views: 3444

Re: My daughter got her dream job

Thanks for the kindness everyone and allowing me to express my gratitude!
by stemikger
Sun Jan 21, 2018 8:03 am
Forum: Local Chapters and Bogleheads Community
Topic: My daughter got her dream job [Proud Papa]
Replies: 39
Views: 3444

Re: My daughter got her dream job

livesoft wrote:
Sun Jan 21, 2018 7:53 am
Thanks for the report and congrats to both Daughter and Dad.

I am mentoring a MSW who works in Manhattan, too. Do you mind sending me a PM of your daughter's starting salary and benefits?
Hi Livesoft, I just send you a PM.

P.S. you certainly helped me along the way too!

Steve
by stemikger
Sun Jan 21, 2018 8:01 am
Forum: Local Chapters and Bogleheads Community
Topic: My daughter got her dream job [Proud Papa]
Replies: 39
Views: 3444

Re: My daughter got her dream job

Awesome news Stemikger! What a great accomplishment for both her and you and reason to celebrate. Reading between the lines there was a significant amount of hard work and life lessons taking place across the family over the last 6 years. :sharebeer Oh yeah, there were times when I couldn't see the...
by stemikger
Sun Jan 21, 2018 7:46 am
Forum: Local Chapters and Bogleheads Community
Topic: My daughter got her dream job [Proud Papa]
Replies: 39
Views: 3444

My daughter got her dream job [Proud Papa]

Just a proud Dad moment. Even though I know more than the average person when it comes to investing, I will forever be a newbie compared to 90% of the smart people on this forum, so I was a little nervous to look at her 401K options. To my extreme delight the default option was the Vanguard Target R...
by stemikger
Sun Jan 21, 2018 7:25 am
Forum: Investing - Theory, News & General
Topic: What's your U.S. : International ratio?
Replies: 169
Views: 31559

Re: What's your U.S. : International ratio?

100-0 All U.S. Portfolio! I followed Jack's advice and get my international through the S&P or Total Market Index. The accidental tourist if you will. I disagree with Jack on this one. What your are missing is international companies selling into US markets. Think Nestle, UniLever, Diageo, Samsung ...
by stemikger
Sat Jan 20, 2018 4:20 pm
Forum: Investing - Theory, News & General
Topic: What's your U.S. : International ratio?
Replies: 169
Views: 31559

Re: What's your U.S. : International ratio?

100/0 US/International Yes I have home country bias. But when your home country happens to have the world's strongest economy and infrastructure, that is okay. I am a relatively new boglehead and have read many of the arguments for and against international. I respect those who feel the need to div...
by stemikger
Sat Jan 20, 2018 7:57 am
Forum: Investing - Theory, News & General
Topic: What's your U.S. : International ratio?
Replies: 169
Views: 31559

Re: What's your U.S. : International ratio?

100-0

All U.S. Portfolio! I followed Jack's advice and get my international through the S&P or Total Market Index. The accidental tourist if you will.
by stemikger
Sat Jan 20, 2018 7:36 am
Forum: Investing - Theory, News & General
Topic: Nobody Knows Nothing - A Chart
Replies: 26
Views: 4368

Re: Nobody Knows Nothing - A Chart

The question is NOT can anyone predict the markets. We have enough data, history, studies, etc... to show that is not true for the last 20-30 years. The problem is we already know and have known this yet everybody seems to still quote person x or person y predicting something and everyone still fal...
by stemikger
Sat Jan 20, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Keeping it in a shoe-box is a safer AA
Replies: 37
Views: 3697

Re: Keeping it in a shoe-box is a safer AA

My very elderly in-law just inherited 1.2 million in stocks, no bonds. Apparently her late husband was 100% equity. Would selling all the equity and moving to one balanced fund be the proper course here? Vanguard Wellesley perhaps? zz4: This is a situation where selling securities with large capita...
by stemikger
Sat Jan 20, 2018 3:11 am
Forum: Investing - Theory, News & General
Topic: How do Bogleheads reconcile efficient markets theory with Bitcoin?
Replies: 45
Views: 2367

Re: How do Bogleheads reconcile efficient markets theory with Bitcoin?

I believe EMH when it comes to 80% of the market. I believe in CMH when it comes to 100% of the market. The Cost Matter's Hypothesis is always correct! For the record, I don't think Jack Bogle is a hardcore EMH follower. As far as Bitcoin goes, I watched two documentaries on Amazon and a video on Yo...
by stemikger
Fri Jan 19, 2018 1:35 am
Forum: Personal Consumer Issues
Topic: I got a Roomba and think you should too
Replies: 41
Views: 3685

Re: I got a Roomba and think you should too

Thanks for the post but I have a mad love affair with my Oreck. I own the old school Oreck when they used to advertise on t.v. I always bought expensive high-end vacuums and before the Oreck, we owned the original Electrolux that lasted us over 20 years. The original Electrolux was a great vacuum bu...
by stemikger
Tue Jan 16, 2018 4:25 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 182
Views: 12827

Re: Post your Financial Milestone Announcements Here

O.K. This new thread made me want to check. Due to market highs I am now at 710K. My house is in the New York area (Staten Island) and every day in the S.I. Advance they keep reporting on the affordability crisis due to how high the housing market is. My house I bought brand new in 1993 for $134K i...
by stemikger
Tue Jan 16, 2018 9:09 am
Forum: Investing - Theory, News & General
Topic: pros and cons of target date funds?
Replies: 21
Views: 1147

Re: pros and cons of target date funds?

What is wrong with target date funds? What are some cons for those who choose not to use them and why others who use them feel the pros outweigh the cons? I see a lot of investors utilizing multiple funds - the lists are long on these posts and I dont know one from the other vtsx this vtsy that- it...
by stemikger
Tue Jan 16, 2018 7:11 am
Forum: Personal Consumer Issues
Topic: Besides Bogleheads, What Are Your Favorite Forums?
Replies: 92
Views: 10138

Re: Besides Bogleheads, What Are Your Favorite Forums?

I only visit one other forum and it has nothing to do with money. It is the Disboards and it has everything you need to know about planning Disney vacations and what's new at the Disney resorts. Other than following the investing strategy of John Bogle, my other passion is going to Disney world eve...
by stemikger
Tue Jan 16, 2018 5:52 am
Forum: Personal Consumer Issues
Topic: Besides Bogleheads, What Are Your Favorite Forums?
Replies: 92
Views: 10138

Re: Besides Bogleheads, What Are Your Favorite Forums?

I only visit one other forum and it has nothing to do with money. It is the Disboards and it has everything you need to know about planning Disney vacations and what's new at the Disney resorts. Other than following the investing strategy of John Bogle, my other passion is going to Disney world ever...
by stemikger
Tue Jan 16, 2018 5:40 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 182
Views: 12827

Re: Post your Financial Milestone Announcements Here

O.K. This new thread made me want to check. Due to market highs I am now at 710K. My house is in the New York area (Staten Island) and every day in the S.I. Advance they keep reporting on the affordability crisis due to how high the housing market is. My house I bought brand new in 1993 for $134K is...
by stemikger
Tue Jan 16, 2018 5:37 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 182
Views: 12827

Re: Post your Financial Milestone Announcements Here

Does anyone struggle with not being able to share their financial achievement or swings with anyone else? I am pushing 500k and feel like I can’t tell anyone. I don’t feel comfortable telling my family as most people cannot handle large amounts of money. It can be a weird feeling getting beers with...
by stemikger
Mon Jan 15, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: 50/50 AA recommended by Benjamin Graham
Replies: 43
Views: 4473

Re: 50/50 AA recommended by Benjamin Graham

Isn't a 50/50 Stock/Bond AA relatively high stock allocation for most? In the book titled The Intelligent Investor why does Benjamin Graham recommend this for most folks? I think he looks at this as the optimal for most but does suggest a range. I believe his suggestion is no less than 25% in stock...
by stemikger
Mon Jan 15, 2018 10:32 am
Forum: Investing - Help with Personal Investments
Topic: 50/50 AA recommended by Benjamin Graham
Replies: 43
Views: 4473

Re: 50/50 AA recommended by Benjamin Graham

Sorry, I read your post wrong. When I started investing, I was 30 and was 50/50 for many years but bonds were paying a lot more. My daughter just got her first real job after getting her Masters degree and is making good money, I will give her Warren's advice because she is only 23 and tell her to c...
by stemikger
Mon Jan 15, 2018 10:12 am
Forum: Investing - Help with Personal Investments
Topic: 50/50 AA recommended by Benjamin Graham
Replies: 43
Views: 4473

Re: 50/50 AA recommended by Benjamin Graham

Isn't a 50/50 Stock/Bond AA relatively high stock allocation for most? In the book titled The Intelligent Investor why does Benjamin Graham recommend this for most folks? I think he looks at this as the optimal for most but does suggest a range. I believe his suggestion is no less than 25% in stock...
by stemikger
Sun Jan 14, 2018 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Daughter Med School Money 100K where to Put it
Replies: 22
Views: 2346

Re: Daughter Med School Money 100K where to Put it

If her GPA is 3.0- go ahead and spend it. What is the logic behind this? What makes you think her GPA is "3.0-"? She finished college a year early, so a sub-3.0 GPA sounds unlikely. Or was this supposed to be a tongue-in-cheek comment? If so, I don't find it very funny. Thanks for the valued feedba...
by stemikger
Sun Jan 14, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Daughter Med School Money 100K where to Put it
Replies: 22
Views: 2346

Re: Daughter Med School Money 100K where to Put it

If her GPA is 3.0- go ahead and spend it. What is the logic behind this? What makes you think her GPA is "3.0-"? She finished college a year early, so a sub-3.0 GPA sounds unlikely. Or was this supposed to be a tongue-in-cheek comment? If so, I don't find it very funny. Thanks for the valued feedba...
by stemikger
Sun Jan 14, 2018 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Daughter Med School Money 100K where to Put it
Replies: 22
Views: 2346

Re: Daughter Med School Money 100K where to Put it

Play it safe and stick with short term CDs. The market could go down dramatically during your daughter's schooling. Also, I'm not sure if this was mentioned, but did your daughter check out any programs that require her to work for a certain hospital after graduation and they would possibly pay for ...
by stemikger
Sun Jan 14, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: Profiles Of Some Successful Investors
Replies: 26
Views: 3633

Re: Profiles Of Some Successful Investors

Stemikger, These rich Royals are not secret millionaires, however... (I also studied the "Royals" to see how they were investing) very interesting. From what I could tell, the Royals need money to support their lifestyles & their dynasties. They started investing in companies generations ago that t...
by stemikger
Sat Jan 13, 2018 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Help me stop my addiction to stock market peeping!
Replies: 66
Views: 4623

Re: Help me stop my addiction to stock market peeping!

Every time you go to peek talk a walk instead. Buy a treadmill if you must. You break your bad habit and get healthy at the same time.
by stemikger
Sat Jan 13, 2018 5:41 am
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 171
Views: 17402

Re: How does everyone keep track of your portfolio?

Bogleheads: My three funds are with Vanguard. I check my asset-allocation and balances once or twice a year (for fraud, error and activity) on the Vanguard website and also when I receive my annual statement. Vanguard website and statements provide much more information than I can possibly use. Tha...
by stemikger
Sat Jan 13, 2018 5:36 am
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 171
Views: 17402

Re: How does everyone keep track of your portfolio?

Nothing. I have a 401K where I own two funds (Vanguard Institutional Index and Blackrock Total U.S. Bond Index), so I simply just logon to their site. I have a smaller TIRA with Vanguard where I own the Balanced Index Fund. I have an emergency fund in a passbook savings account at my local bank. No ...
by stemikger
Sat Jan 13, 2018 5:31 am
Forum: Investing - Theory, News & General
Topic: Profiles Of Some Successful Investors
Replies: 26
Views: 3633

Re: Profiles Of Some Successful Investors

Here are some more "secret millionaires" for your reading enjoyment. Towards the bottom just highlight the name to learn more about them. $188,000,000. How did you do that Jack Macdonald? Congrats... The real question is: What can we learn from them? Enjoy... https://www.joshuakennon.com/add-jack-m...
by stemikger
Fri Jan 12, 2018 11:54 pm
Forum: Investing - Theory, News & General
Topic: Profiles Of Some Successful Investors
Replies: 26
Views: 3633

Re: Profiles Of Some Successful Investors

nedsaid wrote:
Fri Jan 12, 2018 8:48 pm
stemikger wrote:
Thu Jan 11, 2018 11:46 pm
The one thing I notice with all these frugal multi millionaires is they don't own bonds.
Probably a 100% stock portfolio would be a rational portfolio but the volatility would be too much, even for me.
Me too Ned. Sleeping well is just as important.
by stemikger
Fri Jan 12, 2018 7:02 am
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX (Vanguard Total Stock Mkt Idx Adm)??
Replies: 70
Views: 5714

Re: 100% VTSAX??

bligh wrote:
Thu Jan 11, 2018 8:58 pm
PFInterest wrote:
Thu Jan 11, 2018 8:56 pm
bikechuck wrote:
Thu Jan 11, 2018 8:54 pm
What in heaven's name is VTSAX?
Google
I just searched the internet via bing and VTSAX is most definitely NOT google. It is a mutual fund at Vanguard!
LOL!! :P