Search found 1737 matches

by steve roy
Sun Sep 20, 2020 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Any retirees thought about cutting spending in March 2020?
Replies: 53
Views: 3676

Re: Any retirees thought about cutting spending in March 2020?

Cutting spending was easy. Last year we were constantly on the go: cross-country drives, trips overseas, trips to New York, Boston, Philly. Half a week at Disneyworld. All the expenses attached to all that gallavanting came an end the first week of March and money outflow has been way less since. Th...
by steve roy
Sun Aug 16, 2020 11:09 pm
Forum: Investing - Theory, News & General
Topic: [How does one fight the urge to make simple things more complex?]
Replies: 82
Views: 5015

Re: [How does one fight the urge to make simple things more complex?]

The 2015 TDF holds all my 401(k) money. When our organization shifted to Vanguard as administrator of 401(k) funds years ago, they transferred all accounts from the old administrator to age-appropriate Target Date Funds. I never moved anything to other offered funds, and it's worked out great. It's ...
by steve roy
Sun Aug 16, 2020 5:57 pm
Forum: Investing - Theory, News & General
Topic: Evidence of Active Investing trailing Passive for Individuals
Replies: 62
Views: 3991

Re: Evidence of Active Investing trailing Passive for Individuals

Pretty simple actually. Higher risk equals higher potential reward. Individual stocks might pay off bigly or erase your investment. There's nothing wrong with roping off some of your AA for single stocks, but understand the risks and your risk tolerances. TLDR: I have been repeating for years that: ...
by steve roy
Sun Aug 16, 2020 5:37 pm
Forum: Investing - Theory, News & General
Topic: [How does one fight the urge to make simple things more complex?]
Replies: 82
Views: 5015

Re: [How does one fight the urge to make simple things more complex?]

You're on the right track. My 2015 Target Date Fund has done as well as any fund I own. And I don't have to give it a thought.
by steve roy
Tue Jun 16, 2020 12:39 am
Forum: Personal Investments
Topic: [Looking to update asset allocation]
Replies: 6
Views: 433

Re: [Looking to update asset allocation]

As fate would have it, I've been in the Vanguard TD Fund for years and years. And you know what? It's done as well as anything I have. For me it's come down to this: You can tilt, you can micro-manage your portfolio, and you MIGHT come out a bit ahead of an asset allocation fund. But probably not. B...
by steve roy
Mon May 25, 2020 11:31 am
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 183
Views: 10173

Re: Tips to stick to a weight loss diet?

I dropped 40 pounds 20+ years ago and have kept it off with cardio exercise, going to two meals a day with lots of grains, fruits and vegetables and avoiding the consumption of entire pumpkin pies ... which was a bad habit during holiday periods.
by steve roy
Fri May 22, 2020 5:22 pm
Forum: Personal Investments
Topic: Re-balance advice; portfolio review; general insight
Replies: 6
Views: 553

Re: Re-balance advice; portfolio review; general insight

What asset allocation do you want? DW and I had a 30/70 until Recent Events. Now it's 26/74. Our plan is to keep all equities but not add to them. (We will rebalance when day-to-day events smooth out. For now, we are making no moves.) I were you, I would cover the shortfall from bonds or money marke...
by steve roy
Thu May 21, 2020 4:29 pm
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 264
Views: 20608

Re: What is your most luxury/expensive hobby.

World traveling. But of course, that is currently off the table, and will be for the foreseeable feature.
by steve roy
Tue Apr 21, 2020 1:03 am
Forum: Investing - Theory, News & General
Topic: [Oil futures price plummets, Bogleheads react]
Replies: 154
Views: 8382

Re: [Oil futures price plummets, Bogleheads react]

Hopefully this new market activity means that they will soon be paying us to fill up at the pump.
by steve roy
Tue Apr 21, 2020 12:58 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20231
Views: 2761189

Re: U.S. stocks in free fall

nisiprius wrote: Mon Apr 13, 2020 10:45 am Think positive. Sure, the Black Death was a nuisance, but you have to admit we got some pretty good cathedrals out of it.
... and ultimately, the Renaissance! So everything turned out okay.
by steve roy
Tue Apr 21, 2020 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Laid off!!
Replies: 71
Views: 10578

Re: Laid off!!

I served as a union rep for years, working for a labor organization that covered animation artists in cartoon studios like Disney, Warner Bros, DreamWorks, etc. I was in the studios a lot, and what I observed was, the suits almost always made a big show of holding a meeting to reassure staff that "t...
by steve roy
Thu Apr 16, 2020 4:25 pm
Forum: Personal Investments
Topic: Retirement account noob investor question
Replies: 10
Views: 451

Re: Retirement account noob investor question

I don't know which way to jump with our current CONSERVATIVE AA. Our rule of thumb: when in doubt during a pandemic and Crazy Market? Do nothing.
by steve roy
Wed Apr 15, 2020 3:16 pm
Forum: Investing - Theory, News & General
Topic: Retirees: what are you doing with all the home equity?
Replies: 117
Views: 7684

Re: Retirees: what are you doing with all the home equity?

Wellll. We cashed out of our long-time residence two years ago. The newer house has SOME EQUITY, but we're sitting tight.
by steve roy
Wed Apr 15, 2020 3:09 pm
Forum: Investing - Theory, News & General
Topic: whos' just about had it w/ SCV ?
Replies: 263
Views: 17160

Re: whos' just about had it w/ SCV ?

Neither buying nor selling but staying the course.
by steve roy
Mon Apr 13, 2020 9:43 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Munis Increasingly Risky
Replies: 205
Views: 20416

Re: Larry Swedroe: Munis Increasingly Risky

Just bailed on our munis in taxable. Better more taxes than losses. Treasuries for us.
by steve roy
Sun Apr 12, 2020 10:58 am
Forum: Investing - Theory, News & General
Topic: Impact of 1918-1919 Pandemic on U.S. Economy
Replies: 26
Views: 1549

Re: Impact of 1918-1919 Pandemic on U.S. Economy

Good points. Could well have left that last sentence out. The lack of current robust testing was what I was trying ... and failing ... to get at.
by steve roy
Sun Apr 12, 2020 9:25 am
Forum: Investing - Theory, News & General
Topic: Impact of 1918-1919 Pandemic on U.S. Economy
Replies: 26
Views: 1549

Impact of 1918-1919 Pandemic on U.S. Economy

Sergio Correia, Stephan Luck and Emil Verner -- fact-based academics from the Federal Reserve and MIT -- have written a paper titled "Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu" In short, they represent that: "Our analysis yields two main insights. ...
by steve roy
Fri Apr 10, 2020 3:33 pm
Forum: Personal Investments
Topic: who’s rebalancing into Fixed income?
Replies: 6
Views: 511

Re: who’s rebalancing into Fixed income?

Rebalancing into fixed has been done for us. Our usual 30/70 is now 26/74. Magic of the market place!
by steve roy
Fri Apr 03, 2020 9:34 am
Forum: Personal Investments
Topic: Anyone here depressed just looking at their portfolio?
Replies: 122
Views: 7626

Re: Anyone here depressed just looking at their portfolio?

I'm too busy sanitizing, washing my hands, social distancing and exercising to pay any attention or have much of an emotional reaction. If I'm dead, it won't matter what my investment totals are, and if I'm alive I'll peek at them sometime after they bottom.
by steve roy
Fri Mar 27, 2020 10:42 pm
Forum: Investing - Theory, News & General
Topic: Is there a risk of US currency collapse with trillion-dollar stimulus?
Replies: 28
Views: 2841

Re: Is there a risk of US currency collapse with trillion-dollar stimulus?

One thing worth noting: the rest of the globe is burning through money faster than we are. So, you know, all things relative (and they are), the U.S. is in FABulous shape. Very good shape. Some people say MORE than very good shape.
by steve roy
Fri Mar 27, 2020 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 118166

Re: Why are you NOT buying rental properties?

I watched my mother buy/sell/rent/recondition and flip houses for 35 years. From time to time I was part of the work crew that went in and cleaned, repainted various units that tenants trashed. I remember thinking: "This is NOT something I want to do for a living..." She's out of the landlording bu...
by steve roy
Wed Mar 25, 2020 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 118166

Re: Why are you NOT buying rental properties?

I watched my mother buy/sell/rent/recondition and flip houses for 35 years. From time to time I was part of the work crew that went in and cleaned, repainted various units that tenants trashed. I remember thinking: "This is NOT something I want to do for a living..." She's out of the landlording bus...
by steve roy
Tue Mar 24, 2020 10:18 am
Forum: Personal Investments
Topic: I just rebalanced back to my AA. It gave me a little pause.
Replies: 18
Views: 1700

Re: I just rebalanced back to my AA. It gave me a little pause.

With enough time it'll be fine. As for me, though my AA is off its normall 30/70, I'm neither selling nor buying. (Not even looking.)
by steve roy
Mon Mar 23, 2020 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14918

Re: What have you learned from this situation that you will take action on?

We were at 28/72 when the Good Times began rolling several weeks ago. Now we're down from THAT. (Weve got too many municipal bonds, but oh well.)

The plan, when all the dust settles, is to shift to 40/60, simplify with asset allocation funds, and look at day-to-day returns as little as Possible.
by steve roy
Sun Mar 22, 2020 1:19 am
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 349
Views: 29975

Re: How much you lost/gain since Feb 20,2020 ?

Frankly, I (we) are more focused on hunkering down and staying healthy.
by steve roy
Sat Mar 21, 2020 10:54 pm
Forum: Investing - Theory, News & General
Topic: It's ok to do nothing
Replies: 20
Views: 2325

Re: It's ok to do nothing

I estimate I'll be doing nothing for the next eight to eighteen months.
by steve roy
Sat Mar 21, 2020 10:53 pm
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 349
Views: 29975

Re: How much you lost/gain since Feb 20,2020 ?

Down about $200k. Municipal funds haven't helped. But what you gonna do? Have treasuries in taxable?
by steve roy
Sat Mar 21, 2020 9:50 pm
Forum: Personal Investments
Topic: Guys I Rebalanced (Moved Monies Out Of S&P 500)
Replies: 301
Views: 18426

Re: Guys I Rebalanced (Moved Monies Out Of S&P 500)

Ambitious 994 In 2003 I bailed out of my S&P 500 position. I had hung on for two down years, but the third down year (the biggest decline yet) got me. I sold at the bottom. I didn't know it was the bottom. All I knew was that I'd lost 45% of my stake, and I was sick of it. Now, 17 years later, I wis...
by steve roy
Sun Mar 15, 2020 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Recent Early Retirees How are You Coping?
Replies: 29
Views: 3931

Re: Recent Early Retirees How are You Coping?

Retired 3 years , 4 months. Our AA is 74% fixed and we live on our cash flow. Biggest concerns are how kids are doing because they both work in industries affected by shut downs (but doesn't everybody?). And my mother is 94 and living in a senior facility and who knows what'll happen there? Other th...
by steve roy
Fri Mar 13, 2020 12:24 pm
Forum: Personal Investments
Topic: What does your Crystal Ball say?
Replies: 96
Views: 4939

Re: What does your Crystal Ball say?

We were at 72% fixed when this joy ride started; not even looking at portfolio right now. If P/Es go low enough plan to readjust to 60-65% fixed. Happily, we live on our retirement cash flows.

Our biggest concern is our kids' jobs which are being negatively impacted by the virus.
by steve roy
Tue Mar 10, 2020 12:41 am
Forum: Personal Investments
Topic: Portfolio advice following windfall
Replies: 4
Views: 332

Re: Portfolio advice following windfall

Many advocate dumping money into your asset allocation all at once and not dividing it up over a year. But times like these, where everything appears to be speeding to the Warm Place in a hand-cart, you might be well-advised to dollar cost average. If not over a year, then certainly over several mon...
by steve roy
Sun Mar 08, 2020 12:02 am
Forum: Investing - Theory, News & General
Topic: [Why aren't forum members following the "Stay the course" approach?]
Replies: 372
Views: 26148

Re: [Why aren't forum members following the "Stay the course" approach?]

There's the old Mike Tyson quote, applicable here:
"When they climb into the ring, every boxer has a plan.

And then they get hit."
by steve roy
Fri Feb 28, 2020 11:51 pm
Forum: Personal Consumer Issues
Topic: Lost my Flagship Representative...
Replies: 3
Views: 730

Re: Lost my Flagship Representative...

Y' know, I had a Flagship rep for years and years. First one I loved, but she moved up. Second one made some goofs, but I didn't worry about it. Third one seemed pleasant enough, but I didn't use her much. And heard from her only occasionally. Now I guess the Vanguard Powers That Be are phasing Flag...
by steve roy
Fri Feb 28, 2020 11:42 pm
Forum: Personal Investments
Topic: New retiree perspective during Corona Crash
Replies: 57
Views: 7172

Re: New retiree perspective during Corona Crash

Three years and two months into retirement. Stock/bond allocation 30/70; currently running 28.3% stocks.

DW and I will probably take some money from the (over-sized) VG settlement account and reinvest it in some stock and bond funds next week. We're not in any particular hurry.
by steve roy
Mon Feb 24, 2020 2:40 am
Forum: Personal Consumer Issues
Topic: Do You Avoid Advertisements & Commercials?
Replies: 84
Views: 4833

Re: Do You Avoid Advertisements & Commercials?

I delay shows by 25 minutes on the home flat screen, fast forward through the commercials.
by steve roy
Mon Feb 24, 2020 2:13 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20231
Views: 2761189

Re: U.S. stocks in free fall

Stef wrote: Mon Feb 24, 2020 1:32 am Damn. Why does this always happen right after you invested a lump sum?
Ain’t happened to ME. I’m just sitting here inhaling the sweet smells of night-blooming jasmine. Got no lump sums to invest and wouldn’t if I could.
by steve roy
Wed Feb 12, 2020 3:24 pm
Forum: Personal Consumer Issues
Topic: What are your not free but still frugal hobbies?
Replies: 102
Views: 7727

Re: What are your not free but still frugal hobbies?

Dog walking. The pups and their noses like it and I get plenty of exercise. (And practice with picking up dog litter.)
by steve roy
Wed Feb 12, 2020 3:21 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1219
Views: 127965

Re: Jack Bogle - Two Fund Portfolio

abuss368 wrote: Fri Feb 07, 2020 6:59 pm
1789 wrote: Fri Feb 07, 2020 2:17 pm
abuss368 wrote: Wed Feb 05, 2020 11:11 am Jack Bogle's Words of Wisdom:

"Don't look for the needle. Buy the haystack."
I believe this is a good quote but some can interpret that haystack is the "whole world market" and not just the "US"
I can see your point.
Both total word or total domestic will work.
by steve roy
Wed Feb 12, 2020 3:06 pm
Forum: Personal Investments
Topic: Does being active on Bogleheads lead to confirmation bias?
Replies: 17
Views: 1283

Re: Does being active on Bogleheads lead to confirmation bias?

There are too many points of view on Bogleheads dot org to get a lot of reinforcement for one specific bias (except maybe avoiding high costs). Market timing? You’ll find proponents for it here. Three fund portfolio? Check. Factor investing? Value investing? Small cap? Double check. There’s the “off...
by steve roy
Wed Feb 12, 2020 2:38 pm
Forum: Personal Consumer Issues
Topic: Retirement: Filling the time?
Replies: 96
Views: 10629

Re: Retirement: Filling the time?

Married with spouse. Grown kids.

I’m an exercise freak, and vary routines day to day. But one that I like I will commend to you: hours on a recumbent bike and reading. It’s a twofer.
by steve roy
Sat Feb 08, 2020 6:57 pm
Forum: Investing - Theory, News & General
Topic: 2019 Portfolio performances: 2 vs 3 fund
Replies: 5
Views: 547

Re: 2019 Portfolio performances: 2 vs 3 fund

On that page, click on the two-fund and three-fund links. You will see that in the two-fund (total world stock market and total US bond market) the stocks are represented by a cap-weighted global stock fund (which would be ~45% US, 55% ex-US). But in the three-fund options, US stocks outweigh inter...
by steve roy
Sat Feb 08, 2020 1:22 pm
Forum: Investing - Theory, News & General
Topic: 2019 Portfolio performances: 2 vs 3 fund
Replies: 5
Views: 547

Re: 2019 Portfolio performances: 2 vs 3 fund

It often depends (always depends?) what the start and end points are. Depending on the time frame 2-fund could out-perform 3- fund and the reverse.
by steve roy
Wed Feb 05, 2020 12:38 am
Forum: Personal Consumer Issues
Topic: Books that changed your life
Replies: 242
Views: 22425

Re: Books that changed your life

"The Wind In The Willows"

Read it in the fifth grade. Never wanted it to end.
by steve roy
Sat Jan 25, 2020 12:08 pm
Forum: Investing - Theory, News & General
Topic: How Did 2001-2002 and 2007-2008 Influence Your Investing Philosophy? Or Did It?
Replies: 113
Views: 5911

Re: How Did 2001-2002 and 2007-2008 Influence Your Investing Philosophy? Or Did It?

I made my mistakes in the 200-2002 equity downturn (I sold our long-held VG S&P 500 Index Fund.). Should have held onto it and bought more, but I wasn't that bright. Happily, I didn't make the same mistake in 2008. Now, starting our 4th year of retirement we have a 30/70 portfolio, a good cash flow ...
by steve roy
Fri Jan 24, 2020 4:24 am
Forum: Personal Finance (Not Investing)
Topic: I am not very good at my job
Replies: 48
Views: 8044

Re: I am not very good at my job

I once taught eighth grade history at a California junior high school (way back when they were still called "junior high schools".) I thought I was awful at it. The kids were rambunctious and hard to control, and I began to yearn for a shotgun that I could fire into the ceiling to A) get their atten...
by steve roy
Thu Jan 23, 2020 3:47 pm
Forum: Personal Consumer Issues
Topic: Subaru Outback engine stop/start
Replies: 94
Views: 7659

Re: Subaru Outback engine stop/start

I test drove a 2020 Subaru Outback yesterday and was very impressed with the looks, ride, quality, and features/functions. When I stopped at a stop sign, the engine apparently shut off, and when I pressed the gas pedal the engine started up again. Sales person said that "feature" could be turned of...
by steve roy
Fri Jan 10, 2020 11:38 pm
Forum: Investing - Theory, News & General
Topic: Article - The Hidden Dangers of the Great Index Takeover
Replies: 45
Views: 4685

Re: The hidden dangers of index funds, and the growing “big three”

Active managers will never cease being "alarmed" at index funds, since indexing cuts into their profits and cash flow. But they spout the same flapddodle relentlessly, since it's in their interest to do so. I must have missed the part that said the authors were active managers. And why I deleted th...
by steve roy
Fri Jan 10, 2020 4:43 pm
Forum: Investing - Theory, News & General
Topic: Article - The Hidden Dangers of the Great Index Takeover
Replies: 45
Views: 4685

Re: The hidden dangers of index funds, and the growing “big three”

Because large fund companies haven't been that aggressive about voting against the management of large companies doesn't mean they'll lay off in the future. If Vanguard is only being pro-active toward corporations 15% of the time, and Blackrock 24% of the time, those percentages could easily change ...
by steve roy
Fri Dec 27, 2019 10:47 pm
Forum: Personal Consumer Issues
Topic: Sleep Masks & Ear Plugs
Replies: 35
Views: 2411

Re: Sleep Masks & Ear Plugs

I use a sleep mask. I've used several types purchased by DW, and they all work equally well. No ear plugs because noise isn't an issue, but when the Mrs. pads in after her exercise routine and late-night talk shows, I'm sawing wood and lights snapping on are a problem. Thanks to the mask, they are n...
by steve roy
Fri Dec 27, 2019 10:31 pm
Forum: Investing - Theory, News & General
Topic: Are we getting spoiled by the long bull market?
Replies: 109
Views: 9567

Re: Are we getting spoiled by the long bull market?

I know not what course OTHERS may take, but as for ME, give me 30% stocks and 70% fixed instruments, or give me a long-term annuity paying 8.7%!

(And if that's not possible, allow me to stick with my current 30/70 allocation.)