Search found 1528 matches

by steve roy
Mon Aug 20, 2018 12:19 am
Forum: Investing - Help with Personal Investments
Topic: Recently Retired – Request Help to Simplify Portfolio, Advice on Roth Conversions, and Taking SS
Replies: 14
Views: 1319

Re: Recently Retired – Request Help to Simplify Portfolio, Advice on Roth Conversions, and Taking SS

Quick thoughts:

20-35% international stock allocation.

KEEP the 401(k). (Great expense ratios.)

KEEP the low mortgage.

Make sure your health insurance requirements are met.

If feasible, put off SS until 70.
by steve roy
Tue Aug 14, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 207
Views: 11446

Re: Larry Swedroe: Valuations Too High?

To me, the downside of dying rich will be the realization that I didn't live my life as fully as I could have. As the well-known philosopher Errol Flynn once wrote: “Any man who dies with more than $5000 to his name is a FAILURE.” (Please note: Mr. Flynn died with more than $5k, so he didn’t follow...
by steve roy
Tue Aug 14, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 207
Views: 11446

Re: Larry Swedroe: Valuations Too High?

To me, the downside of dying rich will be the realization that I didn't live my life as fully as I could have. As the well-known philosopher Errol Flynn once wrote: “Any man who dies with more than $5000 to his name is a FAILURE.” (Please note: Mr. Flynn died with more than $5k, so he didn’t follow...
by steve roy
Thu Aug 09, 2018 11:54 am
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 260
Views: 24307

Re: most compelling TV character ever

And John Dehner (the actor), playing a sleazy banker in the “Shady Deal at Sunny Acres” episode of “Maverick”. That was a good episode. Do you remember Dehner's last line? "He did it." Dehner's other great line from this show (which has resonance in the present age): "If you can't trust your banker...
by steve roy
Thu Aug 09, 2018 12:13 am
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 260
Views: 24307

Re: most compelling TV character ever

And John Dehner (the actor), playing a sleazy banker in the “Shady Deal at Sunny Acres” episode of “Maverick”. That was a good episode. Do you remember Dehner's last line? "He did it." One of the classic TV episodes -- creator Roy Huggins (who also co-created "The Rockford Files") worked in all the...
by steve roy
Tue Aug 07, 2018 12:16 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 20420

Re: "Don't Obsess About Expense Ratios"

I'm confused. Don't obsess about expense ratios that favor any company other than Vanguard? But obsess about expense ratios when Vanguard has the lowest? Does show a little loyalty to your own company apply to every company? Or only Vanguard? I’ll put your mind at ease. I’m a Boglehead and have mos...
by steve roy
Mon Aug 06, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Question to retirees - money or work/life balance?
Replies: 46
Views: 5259

Re: Question to retirees - money or work/life balance?

Make the money when you are young. The working world has little use for older workers. And building passive income for the future is what you’ll need. Work hard now.....none later. True that. I worked in a business where the competition is intense and most people in it struggle to find work when th...
by steve roy
Sun Aug 05, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Question to retirees - money or work/life balance?
Replies: 46
Views: 5259

Re: Question to retirees - money or work/life balance?

Didn’t chase money but 1) did well enough and 2) worked until age 68, which also helped.

Some of where you end up is planning, and some is happy (or sometimes unhappy) circumstance.
by steve roy
Sun Aug 05, 2018 10:16 pm
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 260
Views: 24307

Re: most compelling TV character ever

And John Dehner (the actor), playing a sleazy banker in the “Shady Deal at Sunny Acres” episode of “Maverick”.
by steve roy
Sun Aug 05, 2018 10:13 pm
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 260
Views: 24307

Re: most compelling TV character ever

Angel on “The Rockford Files”. The weasel’s weasel.
by steve roy
Sun Aug 05, 2018 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: What prevents residential real estate buyers from colluding to bring down prices?
Replies: 32
Views: 2595

Re: What prevents residential real estate buyers from colluding to bring down prices?

What prevents collusion? The desire of buyers to OWN a given piece of property. We sold a mid-century home 4 months ago in Southern California. The market was red hot, and there was a feeding frenzy among potential buyers. One couple went FAR above asking price because they were bound and determined...
by steve roy
Thu Aug 02, 2018 5:58 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 667
Views: 57558

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I think the perceived advantage to these new funds is the low buy-in.

But it remains to be seen whether these Fidelity offerings out-perform Vanguards.
by steve roy
Thu Aug 02, 2018 2:47 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 667
Views: 57558

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Dad taught me: never buy a new model car during the first year of production.

I won’t be moving accounts anytime soon.
by steve roy
Wed Aug 01, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help Future me...
Replies: 9
Views: 1126

Re: Help me help Future me...

Stick Wellesley (also Wellington in tax-advantaged space. You want a hybrid fund, there is tax-advatnaged balance (50/50 -- domestic stock index/municipal bonds -- of course, if you live in a state with income taxes, this doesn't work with the same efficiency as a NO income tax state). Go with Tax E...
by steve roy
Tue Jul 31, 2018 4:30 pm
Forum: Personal Consumer Issues
Topic: Older Camrys - Hybrid vs regular?
Replies: 25
Views: 1568

Re: Older Camrys - Hybrid vs regular?

A bit off topic but related (I.e. buying a value car): Ford Fusions seem to be great buys just now, particularly hybrids. Ford will be phasing out sedans over the next few years and Fusions seem to be in the pricing sweet spot. We’ve driven the Fusion hybrid as a rental—seem to be a lot of them—and ...
by steve roy
Tue Jul 31, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Difficulties Of Discipline
Replies: 12
Views: 1455

Re: Larry Swedroe: Difficulties Of Discipline

Vanguard (the administrator of my 401k plan) shoved all participants into age-appropriate Target Date funds when it took over administration of the Plan. The TDF I got put into has done as well (or better) than the rest of my sliced-and-diced portfolio. It has caused me to pause and reflect on what ...
by steve roy
Tue Jul 31, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Durable Dress Shoes for Commute
Replies: 36
Views: 2172

Re: Durable Dress Shoes for Commute

Another vote for Rockports. Spit shine the suckers and you’re good.
by steve roy
Tue Jul 31, 2018 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: 3 Fund from Formula Folio?
Replies: 7
Views: 831

Re: 3 Fund from Formula Folio?

I think your friends at FF (Fancy Folios) operate under the “dazzle ‘em with complexity” rule. They make it SEEM complicated so you’ll swallow the high fees. You should lose these people because they’re thinking about THEIR pocket books, not yours. Decide on your stock-bond allocation (60/40; 50/50;...
by steve roy
Sat Jul 28, 2018 8:06 pm
Forum: Personal Consumer Issues
Topic: Regret Public School?
Replies: 75
Views: 5470

Re: Regret Public School?

The public schools (K-College) in our part of Southern California were fine. Both our sons attended public institutions. Older son is now a manager for Southwest Airlines, younger son starting a career.. (Most of it boils down to the student. He/she can go to the most expensive private school going,...
by steve roy
Sat Jul 28, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement Companies
Replies: 62
Views: 4686

Re: Medicare Supplement Companies

I got a USAA Plan. Cost-competitive, and it fills in the "Medicare gap".
by steve roy
Fri Jul 27, 2018 5:35 pm
Forum: Investing - Theory, News & General
Topic: Does Anyone Invest In Berkshire Hathaway Instead Of Index Funds?
Replies: 80
Views: 14082

Re: Does Anyone Invest In Berkshire Hathaway Instead Of Index Funds?

Morningstar has this article on the EARLY Buffett/Berkshire-Hathaway stock performance, back in the last half of the '60s and first half of the '70s:

https://www.morningstar.com/articles/87 ... -1975.html
by steve roy
Fri Jul 27, 2018 1:08 pm
Forum: Personal Consumer Issues
Topic: Tips for staying active / injury-free into older age
Replies: 130
Views: 9363

Re: Tips for staying active / injury-free into older age

Exercise (cardio, muscle training — light weights and machines) and watching CALORIE INTAKE. Because you can work out like a maniac and still be overweight. I have a friend who trains for and runs marathons and yet has a weight problem because he tends to eat everything in sight when he sits down fo...
by steve roy
Sun Jul 22, 2018 9:58 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle's answer to the question: Let’s hear your quick advice for a primer on personal finances.
Replies: 4
Views: 1255

Re: Jack Bogle's answer to the question: Let’s hear your quick advice for a primer on personal finances.

Great, simple, straightforward advice, for which thanks.

The longer I’m in the game the more I’m convinced that a Target Date Fund is the way to go.

Set and ignore (to the best of your ability).
by steve roy
Sat Jul 21, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Buying home, how to head off a bidding war.
Replies: 29
Views: 3869

Re: Buying home, how to head off a bidding war.

We bought into a cold market (Las Vegas) in 2012. We got a great deal on a nice house. We sold our mid century So Cal house three months ago. Our agent’s rules were strict: All bids in within ten days, then sellers (wife and I) will review bids and make counter offers. So how did it go? Ten bids. A ...
by steve roy
Sat Jul 21, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying home, how to head off a bidding war.
Replies: 29
Views: 3869

Re: Buying home, how to head off a bidding war.

We bought into a cold market (Las Vegas) in 2012. We got a great deal on a nice house. We sold our mid century So Cal house three months ago. Our agent’s rules were strict: All bids in within ten days, then sellers (wife and I) will review bids and make counter offers. So how did it go? Ten bids. A ...
by steve roy
Sat Jul 21, 2018 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Pension Lump Sum: Short-term bonds?
Replies: 37
Views: 2041

Re: Pension Lump Sum: Short-term bonds?

I’m 9 years older than you, and have been retired 19 months. Two months ago the Mrs. and I sold our abode for a large gob of money. We put 80% of the gob in laddered CDs, Prime Money Market, and short term bonds. Twenty percent of it we put in Vanguard’s international small cap etf, largely because ...
by steve roy
Sat Jul 21, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Pension Lump Sum: Short-term bonds?
Replies: 37
Views: 2041

Re: Pension Lump Sum: Short-term bonds?

VANISHED because of duplication.
by steve roy
Wed Jul 18, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 7194

Re: How do you handle the urge to DO something?

I’m good at being oblivious. (Just ask Mrs. Steve Roy). We really haven’t changed anything (much) since the Fall of 2008, when we sold Goldman Sachs equities for then-obvious reasons. I sold our Vanguard S&P 500 index in 2003, something I regret to this day. Best evidence for “doing nothing”? I’ve h...
by steve roy
Mon Jul 16, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 115
Views: 7217

Re: Anyone not have a Budget?

Budget? We don’t need no stinking budget. We watch our cash flow and stay under spending limits. Hasn’t been a problem in 35 years.
by steve roy
Wed Jul 11, 2018 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4787

Re: Target date funds....unsophisticated?

I used to be real sophisticated. I had an oh-so-sophisticated financial advisor who bought and sold equities for me with a carefree abandon. It cost me a mere 2% off of the top. In return I got colorful bar charts and the occasional spiffy sit-down lunch. But after years of this, I discovered I woul...
by steve roy
Sun Jul 08, 2018 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Switch to active management from buy and hold
Replies: 8
Views: 596

Re: Switch to active management from buy and hold

This is about your “advisor’s” care and feeding, not yours.
by steve roy
Sun Jul 08, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: Long Cruises
Replies: 20
Views: 1799

Re: Long Cruises

DW and I went on a fairly long South Pacific cruise last year. We spent a week in Sydney prior to the cruise(great town, wonderful bay), then we got on the Celebrity ship and hit New Zealand, French Polynesia and (lastly) Hawaii. On the back end of the cruise we did four days in Maui. There were lot...
by steve roy
Fri Jul 06, 2018 5:04 pm
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 5959

Re: Going solar?

We installed solar on our So Cal house over a decade ago. Took us out of the top tier of our city's three-tier billing system, so it saved us money. Way we made it work financially was we got a tax rebate; refinanced the house to pull out money for the purchase. Sold the house a month ago and got wa...
by steve roy
Thu Jul 05, 2018 2:07 pm
Forum: Personal Consumer Issues
Topic: What time do you get up in the morning?
Replies: 138
Views: 9411

Re: What time do you get up in the morning?

Up between 5:30 and 6:30. I usually tuck in between 10 and 11. Like to get 7-8 hours sleep.

The routine is usually constant: arise and take long walk; quick shower then Starbucks run with the Mrs., shopping for groceries and home for work/fun on computer. Later in day events vary.
by steve roy
Thu Jul 05, 2018 1:54 pm
Forum: Investing - Theory, News & General
Topic: Anyone tilting heavy to international based on current forecasts?
Replies: 38
Views: 4073

Re: Anyone tilting heavy to international based on current forecasts?

I look at valuations of various index funds around the globe, and decide where to put our funds based on which ones look more reasonable. Lately, foreign equities have had better P/E ratios than domestic. So that’s where my stock allocation money was going. (The foreign allocation is low anyway. Now...
by steve roy
Thu Jul 05, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 3302

Re: 401k fees...what's "too high?"

These Vanguard funds are likely offered through a third party administrator. If Vanguard was directly administering this Plan, the fees would likely be lower.
by steve roy
Wed Jul 04, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 15727

Re: Retirement Destination - are you happy with your choice?

DW and Steve Roy backed into a retirement home near Red Rock Canyon in Las Vegas ... and it's been an outstanding move. The Mrs. and I are native Southern Californians, spending the last fifty years in the San Fernando Valley. (Kindly note: it's not much like the Bing Crosby song anymore.) We lived ...
by steve roy
Tue Jul 03, 2018 5:13 pm
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 11661

Re: SS taken at 62 vs. 70, but measured from 70+

There are a ton of variables as to when to take SS, and there is no ideal, one-size-fits-everybody answer. 1) If family members tend to die between 68 and 74 ... you might want to take SS as soon as possible. 2) If family members live a long time ... and you work in a job you love ... and you want t...
by steve roy
Mon Jun 25, 2018 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: 60/40 or 40/60?
Replies: 42
Views: 4645

Re: 60/40 or 40/60?

I'm at 30/70 (age in bonds). Current events ... and the market are erratic right now. (You would have to be living far underneath a large boulder not to notice.) I think it's damn well impossible to predict where we're headed. Except... Domestic fund valuations are higher than international valuatio...
by steve roy
Mon Jun 25, 2018 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Why not go 100% stocks?
Replies: 125
Views: 13934

Re: Why not go 100% stocks?

Go the Warren Buffett route: 90% S & P 500; 10% bonds. Specifically 10% in "short-term government bonds" "My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.)" That's his advice f...
by steve roy
Mon Jun 25, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Why not go 100% stocks?
Replies: 125
Views: 13934

Re: Why not go 100% stocks?

Go the Warren Buffett route:

90% S & P 500; 10% bonds.
by steve roy
Sun Jun 24, 2018 4:24 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 550
Views: 37028

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

When I started work as a twenty-something bachelor 52 years ago, the top marginal rate on Federal Income Tax was 70%, which kicked in at $101,200. Here in 2018, the top marginal rate (single payer) is 37% for income above $500,000. To attempt to predict income tax rates 10, 30, or 50 years from now ...
by steve roy
Wed Jun 20, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Safe Growth Strategy
Replies: 11
Views: 1195

Re: Safe Growth Strategy

Laddered CDs. LifeStrategy Conservetive Growth coupled with Wellesley and 5% money market. 75% Municipal bonds and 25% total stock market.

Any combination of those would likely conserve your principal. There are, of course, no ironclad guarantees.
by steve roy
Wed Jun 20, 2018 2:00 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 75
Views: 7121

Re: What does it mean: Rule No. 1: Never lose money

A (distantly?) related quote from, I think, Bill Bernstein: “When you’ve won the game, stop playing.”

Meaning don’t take risks when you don’t have to. (Laddered CDs, anyone?)
by steve roy
Sun Jun 17, 2018 12:46 am
Forum: Personal Consumer Issues
Topic: How do you read books?
Replies: 34
Views: 3179

Re: How do you read books?

Generally read start to finish. Generally read non-fiction (biographies; autobiographies, history) but when I read fiction it's mostly of the light mystery variety: Robert B. Parker, Raymond Chandler, John D. MacDonald, etc. Bright dialogue inside of easy page-turners is what I'm after, material tha...
by steve roy
Tue Jun 05, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Need motivation - how much did you lower expenses by downsizing ( if you did)
Replies: 11
Views: 1686

Re: Need motivation - how much did you lower expenses by downsizing ( if you did)

We sold house in So Cal and moved to Vegas. Expenses/costs 30% lower. And we cashed out a ton of equity on old house, the value of which had gone through the roof. (Thank you, California!)
by steve roy
Wed May 30, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Stock Market Index vs 500 Index
Replies: 18
Views: 3605

Re: Vanguard Total Stock Market Index vs 500 Index

Honestly? Six of one, half a dozen of the other.

Over a decade or two, you’ll end up in the same place.
by steve roy
Mon May 28, 2018 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: When and how often do you rebalance
Replies: 52
Views: 4049

Re: When and how often do you rebalance

DW and my accounts: we rebalance as we add money. My mother's accounts: I took over her investments from a "Financial Advisor" who was taking a generous slice of her stash on a yearly basis eight years back. I put the money in Vanguard Mutual Funds -- 25% stocks/75% bonds (broad indexes). The accoun...
by steve roy
Wed May 23, 2018 3:52 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3184
Views: 968426

Re: What Book Are YOU Currently Reading? Part VI

JANE AND MARK One benefit of retirement is having large stretches of time in which to fiddle around. For me, that means reading. Magazines, news articles, smart-aleck blogs, and random junk mail. Also books. I've lately finished "Pride and Prejudice" -- one of Jane Austen's major works -- and "Tom S...
by steve roy
Sat May 12, 2018 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Best Index Fund for IRA
Replies: 5
Views: 644

Re: Best Index Fund for IRA

Another suggestion. A LifeStrategy fund or (pure equity) Extended Market Index Fund.

In short, there are plenty of solid options. Do some research and make your choice(s). As previously stated, you'll only know which one is best after the fact.