Search found 274 matches

by dognose
Fri Nov 15, 2019 2:09 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's Retirement book is #1 in WSJ listing
Replies: 13
Views: 2159

Re: Larry Swedroe's Retirement book is #1 in WSJ listing

I also placed my order today via Amazon. The great thing about Larry’s books is that they are always packed with tons of useful, actionable information - - no fluff or silliness from Larry. He does not pull any punches, and his disciplined, no-nonsense approach has always made me a better investor. ...
by dognose
Wed Nov 13, 2019 11:15 pm
Forum: Personal Consumer Issues
Topic: Romantic northeast winter weekend getaway?
Replies: 28
Views: 2910

Re: Romantic northeast winter weekend getaway?

Stay home, light a fire in the fireplace, and snuggle up with a book by Jack Bogle. What could be more romantic?
by dognose
Sun Nov 03, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Does leasing make sense in this case?
Replies: 45
Views: 2733

Re: Does leasing make sense in this case?

The car dealers in my area (Arizona) love to lease cars. Every time I buy a new car, they do everything they can to steer me toward a lease. The level of aggression in favor of leasing us quite amazing. That’s why I never lease cars.
by dognose
Fri Sep 06, 2019 3:07 pm
Forum: Personal Investments
Topic: How do you let go of decisions that turned out to be the wrong ones?
Replies: 63
Views: 5222

Re: How do you let go of decisions that turned out to be the wrong ones?

I once took a senior management class on decision-making at my former employer, one of the largest and most important companies in the world. The main conclusion: virtually every decision we make in life, both personal and professional, will most likely be the wrong one. The winning player will reco...
by dognose
Tue Jun 25, 2019 6:12 am
Forum: Personal Consumer Issues
Topic: British Columbia summer vacation
Replies: 17
Views: 1353

Re: British Columbia summer vacation

Another vote for Victoria, truly one of the most beautiful places in the world.
by dognose
Sat Jun 01, 2019 12:20 pm
Forum: Personal Consumer Issues
Topic: How to remove minor scratches from Manufactured Hardwood floors:
Replies: 10
Views: 1189

Re: How to remove minor scratches from Manufactured Hardwood floors:

Buy a bottle of Old English scratch repair. Start with the light stain, which works like a charm on my manufactured hardwood floors. Within seconds, the scratches disappear. I’ve been using it for years and my floors look like new.
by dognose
Tue May 28, 2019 6:24 pm
Forum: Personal Consumer Issues
Topic: Used Miata as a daily driver, terrible idea?
Replies: 44
Views: 2550

Re: Used Miata as a daily driver, terrible idea?

I drove a Miata as my daily driver for five years, and loved every minute of it. My commute was 38 miles each way along twisting back roads, and the Miata was a total hoot to drive. I always arrived at work, and came home from work, with a goofy smile on my face. The Miata is also far more practical...
by dognose
Tue May 28, 2019 2:11 pm
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 135
Views: 13332

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why?

Gradually moved from 50/50 to 30/70. Main reason: believe that we’ve more than won the game (portfolio currently is 1,325x annual expenses). No reason to keep running up the scorecard. It’s nice to be able to sleep well at night. Ages 64/64, equity allocation is Vanguard Total Stock and bond allocat...
by dognose
Mon Apr 01, 2019 3:36 pm
Forum: Personal Consumer Issues
Topic: Folks in their 60s and above. What early investment on health do you recommend.
Replies: 193
Views: 15123

Re: Folks in their 60s and above. What early investment on health do you recommend.

Buy a puppy and spoil it rotten. Dog owners live pretty much forever. Their dogs demand it.
by dognose
Wed Mar 20, 2019 11:53 pm
Forum: Personal Investments
Topic: Role of Pensions and Social Security in Asset Allocation
Replies: 147
Views: 7504

Re: Role of Pensions and Social Security in Asset Allocation

Didn’t the great John Bogle maintain that a pension and Social Security should be considered when making asset allocation decisions?
by dognose
Sat Feb 09, 2019 4:09 pm
Forum: Personal Consumer Issues
Topic: Would you eat lab grown meat?
Replies: 64
Views: 2002

Re: Would you eat lab grown meat?

Since this is technically an investing site, what’s the safe withdrawal rate for lab grown meat?
by dognose
Sat Feb 09, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: "Living comfortably in retirement"
Replies: 71
Views: 9528

Re: "Living comfortably in retirement"

1. Good book to read. 2. Fire in fireplace on cold winter nights. 3. Warm puppy sleeping on lap or by my feet. 4. Good results from latest annual physical exam. 5. 30x annual living expenses socked away in boring Vanguard account. 6. Avoid all threads on Bogleheads Forum that begin this way: - “Do I...
by dognose
Wed Jan 16, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Owned By Revocable Living Trust
Replies: 15
Views: 1043

Re: Auto Owned By Revocable Living Trust

Our attorney told us that if we're sued as a result of an auto accident, the trust and its trustees are legally exposed regardless of whether the cars are in the name of the trust. Perhaps this is just true in Arizona, although I don't think do. Titling assets in the name of a trust can be helpful f...
by dognose
Wed Jan 16, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Owned By Revocable Living Trust
Replies: 15
Views: 1043

Re: Auto Owned By Revocable Living Trust

Arizona also makes it easy to title cars in the name of a trust, which my wife and I have done for many years. Our lawyer recommended titling cars under the trust, although she wasn't adamant on this point. Really a matter of personal preference, she said. Arguably, it makes sense to consolidate own...
by dognose
Tue Dec 25, 2018 4:41 pm
Forum: Personal Investments
Topic: Vanguard California Muni Bond safety in downturns?
Replies: 19
Views: 1923

Re: Vanguard California Muni Bond safety in downturns?

OP, To answer your original question about the safety of the Vanguard Calif. IT Tax-exempt fund, just go to the Vanguard website and look at the long-term and cumulative performance results for this fund. The fund lost about two percent in total return in the last major downturn of 2008. The fund al...
by dognose
Fri Nov 30, 2018 1:48 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Munis Increasingly Risky
Replies: 94
Views: 10139

Re: Larry Swedroe: Munis Increasingly Risky

I currently have the majority of my portfolio invested in Vanguard's Intermediate Term Tax-exempt Fund. Even at current yields, this investment provides me with several hundred thousand dollars in (federally) tax-free income each year. Perhaps there are better muni funds or strategies; perhaps not. ...
by dognose
Sun Apr 15, 2018 7:00 pm
Forum: Personal Investments
Topic: Max % of tax exempt bonds in portfolio?
Replies: 11
Views: 1812

Re: Max % of tax exempt bonds in portfolio?

I've had 100 percent of my fixed income portfolio in munis for the last 25 years, with no problems. I have no plans to make any changes. Vanguard Intermediate Term Tax Exempt works just fine.
by dognose
Fri Jan 26, 2018 11:47 am
Forum: Personal Investments
Topic: Pension or Lump Sum
Replies: 7
Views: 1173

Re: Pension or Lump Sum

Assuming you're in reasonably good health, the pension (monthly annuity payments) is your best bet. A lot of people take the lump sum because it looks like a huge amount of money, and they figure they can out-manage professional pension managers with their retirement money. I wouldn't (and didn't) m...
by dognose
Tue Nov 14, 2017 6:40 pm
Forum: Personal Consumer Issues
Topic: Keurig died...what now?
Replies: 73
Views: 7304

Re: Keurig died...what now?

Good grief ... buy another Keurig machine and get on with your life.
by dognose
Thu May 04, 2017 11:59 am
Forum: Personal Investments
Topic: Retirement income for 50+ years?
Replies: 167
Views: 20069

Re: Retirement income for 50+ years?

djtino, I did extensively explore the idea of working with a "wealth manager," although I could not find a manager or firm that I viewed as reasonable in terms of expenses. Most wanted at least 1-1.25 percent annually to manage our account, and most of them also tacked various expenses onto this. Ma...
by dognose
Thu May 04, 2017 11:16 am
Forum: Personal Investments
Topic: Retirement income for 50+ years?
Replies: 167
Views: 20069

Re: Retirement income for 50+ years?

Yes, the CPA was mainly used to disentangle us from earlier investments with Merrill Lynch, MLPs, etc., before I discovered the wisdom of indexing. The CPA also was helpful as we moved from a high-tax area (NY taxes are a nightmare, especially if dealing with things like stock options). I still thin...
by dognose
Thu May 04, 2017 10:14 am
Forum: Personal Investments
Topic: Retirement income for 50+ years?
Replies: 167
Views: 20069

Re: Retirement income for 50+ years?

I was in almost exactly the same situation as the OP when I took early retirement about 15 years ago. Here's what I did with my money: 1. Spent $2 million on an immediate lifetime annuity for me and my spouse. Annuity is not indexed to inflation. I think annuities tend to get a bad rap, especially f...
by dognose
Tue May 02, 2017 1:36 am
Forum: Investing - Theory, News & General
Topic: "The Road Less Traveled" by John Bogle
Replies: 31
Views: 5496

Re: "The Road Less Traveled" by John Bogle

John Bogle is a national treasure, and Taylor Larimore is a true American hero. We sure travel with some classy people on this forum.
by dognose
Mon Feb 20, 2017 6:26 pm
Forum: Personal Consumer Issues
Topic: Cost of tax preparation
Replies: 43
Views: 5206

Re: Cost of tax preparation

I spend about $2000 to have my federal and state taxes prepared each year by a CPA. It's the best money I spend each year.
by dognose
Mon Jan 30, 2017 8:01 am
Forum: Personal Consumer Issues
Topic: Please tell me if I can afford this Porsche
Replies: 81
Views: 8473

Re: Please tell me if I can afford this Porsche

Go out and buy the Porsche today. You can more than afford it, and you won't regret it.
by dognose
Fri Jan 27, 2017 6:16 pm
Forum: Personal Investments
Topic: Growth Versus Income Investing - Master Limited Partnerships for Young, High Earners
Replies: 4
Views: 701

Re: Growth Versus Income Investing - Master Limited Partnerships for Young, High Earners

Also make sure you're comfortable handling the K-1 tax forms issued by MLPs, which can be an absolute nightmare.
by dognose
Tue Jan 03, 2017 9:11 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 25171

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

Agree on Otar. His book, "Unveiling the Retirement Myth," is by far the best personal/retirement finance book I've ever read.
by dognose
Tue Jan 03, 2017 6:34 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 25171

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

I forget the original questions asked in this thread. But I do know this: any thread that features multiple contributions by Larry Swedroe and Bill Bernstein is pretty cool. We've been treated to world-class financial advice in a single thread.
by dognose
Mon Jan 02, 2017 10:51 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 301
Views: 48429

Re: Whats your number to walk away?

My goal also was 25x annual expenses. I retired shortly after hitting that number 15 years ago. My nest egg now totals more than 150x annual expenses. The Bogleheads philosophy really pays off -- live below one's means, use index funds, etc. We also moved from a high-cost state, Connecticut, to a lo...
by dognose
Sun Jan 01, 2017 9:44 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 25171

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

rapporteur,

I'm impressed that you have a crystal ball that allows you to see clearly for the next decade or so. Where can I buy one of those?
by dognose
Fri Dec 30, 2016 10:45 am
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 25171

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

Thanks for the tip, TomP10. I will order the Clements book this morning.
by dognose
Thu Dec 29, 2016 1:14 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 25171

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

Larry,

I hope that someday you write a book focused solely on the marginal utility of wealth. It's a fascinating subject, and no one writes about it with as much passion and wisdom as you do.
by dognose
Wed Dec 28, 2016 5:32 pm
Forum: Investing - Theory, News & General
Topic: How many of you invest 100% at Vanguard?
Replies: 118
Views: 12199

Re: How many of you invest 100% at Vanguard?

100 percent Vanguard after a few years of paying crazy high fees for virtually no service at Merrill Lynch. When I went to close my account at Merrill -- an account which at that time was worth more than $10 million -- my Merrill account rep said, "I'm sorry, but I'm not familiar with your account."...
by dognose
Thu Dec 15, 2016 2:27 pm
Forum: Personal Consumer Issues
Topic: How will you tip this Christmas?
Replies: 51
Views: 6033

Re: How will you tip this Christmas?

My wife and I are extremely generous tippers, especially during the holiday season. Where we live, a large percentage of service workers are students and/or single mothers. They really need the money. Over the course of an entire year, and perhaps over an entire lifetime, such generous tipping is me...
by dognose
Wed Nov 30, 2016 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating New Car Purchase
Replies: 34
Views: 5908

Re: Negotiating New Car Purchase

1. Go to Edmunds.com or kelley Blue Book to research dealer cost of vehicle. If you don't know much about cars, go to Consumer Reports (they don't know much about cars, either, but they mean well and their numbers are more or less in the ballpark). 2. Go to dealership, pick out car, offer this price...
by dognose
Wed Nov 30, 2016 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 13906

Re: Feeling like you've "made it"

I have a business associate who has a great expression about people who think they have it made. She says: get over yourself, and move forward. So get over yourself, and move forward.
by dognose
Wed Nov 30, 2016 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: What level of wealth will get the attention of an estate attorney?
Replies: 39
Views: 7460

Re: What level of wealth will get the attention of an estate attorney?

If you are capable of fogging a mirror, you can gain the attention of an estate lawyer.
by dognose
Wed Nov 30, 2016 6:13 pm
Forum: Personal Investments
Topic: Edward Jones Guided Solutions
Replies: 109
Views: 19476

Re: Edward Jones Guided Solutions

Dump Edward Jones immediately. Run. Do not look back.
by dognose
Wed Nov 30, 2016 6:09 pm
Forum: US Chapters
Topic: livesoft is almost at 50,000 posts...
Replies: 75
Views: 10741

Re: livesoft is almost at 50,000 posts...

Livesoft has provided an incredible amount of sound investing advice over the years. He also has challenged investors to do their own research and reach their own conclusions. In addition, he has a great sense of humor. This guy is golden.
by dognose
Mon Nov 28, 2016 5:16 pm
Forum: Personal Consumer Issues
Topic: Time to buy a vehicle - New vs Used Math Sanity Check
Replies: 24
Views: 4701

Re: Time to buy a vehicle - New vs Used Math Sanity Check

Buy new, pay cash, do not buy extended warranty. Repeat every decade or so.
by dognose
Mon Oct 03, 2016 2:43 pm
Forum: US Chapters
Topic: Where is Livesoft?
Replies: 94
Views: 22438

Re: Where is Livesoft?

Livesoft finally snapped after reading, for a millionth time, a post asking: "Do I need umbrella insurance?"
by dognose
Thu Sep 22, 2016 3:15 pm
Forum: Investing - Theory, News & General
Topic: Help understanding the attraction to W & W [Wellington/Wellesley]
Replies: 38
Views: 6329

Re: Help understanding the attraction to W & W [Wellington/Wellesley]

If you're into active management, it's hard to beat W&W. You get strong, professional management teams at rock-bottom fees. As active managers, they maintain the asset allocations advertised by the funds. My wife's retirement money has been invested in Wellington for more than 25 years, and her aver...
by dognose
Mon Jul 25, 2016 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Any retirees here who have been life-long renters?
Replies: 140
Views: 16027

Re: Any retirees here who have been life-long renters?

I've been a long-term renter and then a long-term owner. As an owner, I gained millions of dollars in gains on my properties, over and above maintenance and other costs. From strictly a financial perspective, owning property has worked well for me. I also like the emotional aspects of home ownership...
by dognose
Fri Jun 03, 2016 3:42 pm
Forum: Personal Investments
Topic: Should I try to pay off mortgage aggressively?
Replies: 25
Views: 6721

Re: SHould I try to pay off mortgage aggressively?

Yes, you should pay off your mortgage aggressively.
by dognose
Fri Jun 03, 2016 3:39 pm
Forum: Investing - Theory, News & General
Topic: Dividends Useless?
Replies: 154
Views: 12215

Re: Dividends Useless?

Dividends are not useless. In fact, they're quite valuable. But they are not "free money," as many investors seem to think. Dividends are just part of total return, and are relatively inefficient from a tax standpoint. Warren Buffett figured this all out a few decades ago, opting for total return ov...
by dognose
Fri Jun 03, 2016 3:15 pm
Forum: Personal Consumer Issues
Topic: What TYPE of books do you like to read?
Replies: 48
Views: 4070

Re: What TYPE of books do you like to read?

American history, which provides a great framework for investors.
by dognose
Mon May 23, 2016 5:42 pm
Forum: Personal Investments
Topic: I just shorted the S&P, now what do I do?
Replies: 61
Views: 8806

Re: I just shorted the S&P, now what do I do?

Warren Buffett recommends going long the S&P 500, forever. Some people go short with "play money." I'll stick with Buffett.
by dognose
Thu May 19, 2016 5:52 pm
Forum: Personal Consumer Issues
Topic: Is living in the Bay Area this difficult?
Replies: 49
Views: 10416

Re: Is living in the Bay Area this difficult?

My wife and I lived in the Bay area for four years. Best years of our lives, and we've lived in lots of great areas. The downsides are extremely high housing costs and clogged roads. The upsides, though, are almost countless: spectacular area geographically, outstanding employment/advancement prospe...
by dognose
Thu May 19, 2016 5:43 pm
Forum: Personal Investments
Topic: Special Considerations for High Net Worth? Advisor?
Replies: 40
Views: 4435

Re: Special Considerations for High Net Worth? Advisor?

I have been a high net worth investor for the last 30 years. I have a great CPA who handles my taxes, and my wife and I used a top-notch local estate lawyer a few years ago to handle estate issues, including health care directives, power of attorney statements, wills, trusts, etc. We also have an um...