Search found 1552 matches

by steve roy
Thu Dec 13, 2018 11:28 pm
Forum: Investing - Theory, News & General
Topic: Recession Coming
Replies: 49
Views: 5954

Re: Recession Coming

Recession coming?

Put your assets into an allocation you can live with (70/30;60/40; 40/60/ 30/70 -- choose ONE) and then ...

STOP LOOKING AT THE DAILY RESULTS OF YOUR ASSET ALLOCATION.

RESOLVE TO LOOK AT YOUR HOLDINGS ON JUNE 8, 2022 AND NOT BEFORE.
by steve roy
Thu Dec 13, 2018 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming dilemma-Would love opinions
Replies: 23
Views: 2060

Re: Social Security Claiming dilemma-Would love opinions

My rule of thumb: take SS when it is most optimum to your individual situation.

And you seem like a pretty good candidate for taking Social Security early, given your spouse's situation.
by steve roy
Tue Dec 11, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21633

Re: What percentage of your net worth is your home equity?

Fourteen percent. We sold the older, bigger house that had a LOT of equity and down-sized.
by steve roy
Sun Dec 02, 2018 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 120
Views: 10864

Re: Retirement itch- when did you get it?

Early 60s but I hung on until my late 60s. Job was interesting and I could mostly call my own shots, but it became increasingly stressful. I departed at 68 and was ready (and happy) to go. It’s been two years now and that I made the right choice is increasingly apparent. I spent a long time planning...
by steve roy
Fri Nov 23, 2018 10:58 pm
Forum: Investing - Theory, News & General
Topic: pros and cons of target date funds?
Replies: 52
Views: 5748

Re: pros and cons of target date funds?

I also noticed a $75 cost regularly for target date when I had one. This $75 was regardless of the value of the account. What’s up with that above and beyond the 0.16% It's probably an administrative fee the plan sponsor tacks on to pay for the provided 401(k) plan. There's three ways (more or less...
by steve roy
Tue Nov 20, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Current Retirees: Do you touch your principal?
Replies: 79
Views: 8240

Re: Current Retirees: Do you touch your principal?

The answer is “yes”, but our principal is growing due to the sale of a house. We’ve had some surprise expenses but we should have a positive cash flow after Social Security and RMD payments kick in, 45 days hence.
by steve roy
Fri Nov 16, 2018 4:56 pm
Forum: Investing - Theory, News & General
Topic: Why don't I read about this strategy more? [12-month moving average, momentum]
Replies: 94
Views: 13129

Re: Why don't I read about this strategy more? [12-month moving average, momentum]

A Fidelity study pinpointed who among us are the most successful investors. ... O'Shaughnessy: "Fidelity had done a study as to which accounts had done the best at Fidelity. And what they found was..." Ritholtz: "They were dead." O'Shaughnessy: "...No, that's close though! They were the accounts of ...
by steve roy
Thu Nov 15, 2018 6:55 pm
Forum: Investing - Theory, News & General
Topic: Press Release--Vanguard Continues To Expand Active Fixed Income Offerings With Proposed Global Credit Bond Fund
Replies: 19
Views: 2289

Vanguard's New Fund

[Thread merged into here, see below. --admin LadyGeek] Vanguard sent me an e-mail about its new Global Credit Bond Fund (VGCAX). https://investor.vanguard.com/mutual-funds/profile/VGCAX Seems to be just what the name indicates. It's actively managed. And I have no plans to use it. Thoughts of every...
by steve roy
Thu Nov 15, 2018 12:13 am
Forum: Investing - Theory, News & General
Topic: Are you all staying the course?
Replies: 114
Views: 7221

Re: Are you all staying the course?

Welll....

Just booked $29,000 in equity losses (the ever-popular "TLH") and so my asset allocation is a wee bit off. But I'll correct as more money comes in.

Some fun1
by steve roy
Thu Nov 08, 2018 6:29 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 301
Views: 45910

Re: Whats your number to walk away?

My numbers?

Turned out to be 68 years old ....

Pension and Social Security ...

A comfortable amount of money in the investment and retirement accounts.
by steve roy
Sun Nov 04, 2018 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: E. Jones/Vanguard and now Fisher Investments
Replies: 36
Views: 4726

Re: E. Jones/Vanguard and now Fisher Investments

One question: what’s the simplest, lowest cost, most diversified (and appropriate) asset allocation for someone my age? (Probable answers—30/70% three fund portfolio; Target Date Income Fund; LifeStrategy Conservative Growth fund w/ 5% of assets in Money Market fund.) You would be well-served to hav...
by steve roy
Sat Oct 27, 2018 8:56 am
Forum: Investing - Theory, News & General
Topic: Compare FTSE All World ex-US vs Tot Intl Stock
Replies: 10
Views: 648

Re: Compare FTSE All World ex-US vs Tot Intl Stock

Don't know about TLH, but when I've looked at them they seem roughly the same. HOWEVER, FWAX has a small cap younger brother (VFSVX) and that's what I've invested in over the past year. (It's slid from a P/E of 15.2 down to 14.4 -- the last time I checked. It may have a lower P/E now.) You COULD swa...
by steve roy
Mon Oct 22, 2018 1:04 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Time Not On Active’s Side
Replies: 3
Views: 545

Re: Larry Swedroe: Time Not On Active’s Side

Advantages of index funds over active funds seem to be a constant through time.
by steve roy
Mon Oct 15, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: "Turn Off The Financial News"
Replies: 13
Views: 1939

Re: "Turn Off The Financial News"

Watching and reading financial news is fine if you regard it in the same way most people regard reruns of “I Love Lucy”:

Entertainment from another time and place that has little to with people residing on earth in 2018.
by steve roy
Mon Oct 15, 2018 5:00 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3891
Views: 1089093

Re: What Movie Have You Recently Watched?

“A Star Is Born” — Bradley Cooper does a good job as director and co-star. It’s the old chestnut first concocted by William Wellman in 1937, bit if you accept the story for the fairy tale it is, the flick is enjoyable.
by steve roy
Sun Sep 23, 2018 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Swiss Investor 3 Fund Portfolio
Replies: 6
Views: 543

Re: Swiss Investor 3 Fund Portfolio

Assuming you’re in your forties, I would say a 60/40 allocation (30% u.s., 30% rest of world, 40% Swiss intermediate bonds - or global intermediate). Any allocation between 65/35 and 35/65 would be okay, depending on your age. There is no way to know which allocation is optimum going forward, so dri...
by steve roy
Sun Sep 16, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9588

Re: Delaying Social Security Until 70

Waiting to 70. Easy decision to make since I worked until 68 and had bonuses and sale of house to bridge to the seventh decade.

Every person’s situation is different. Nothing wrong taking it sooner if you have to.
by steve roy
Sun Sep 02, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Wellington Fund: where is the special sauce?
Replies: 36
Views: 7319

Re: Wellington Fund: where is the special sauce?

Wellington and Wellesley tilt to value on the equity side. Value stocks have recently under-performed. So these funds’ laggardly ways shouldn’t come as a surprise.
by steve roy
Sun Sep 02, 2018 12:33 am
Forum: Personal Finance (Not Investing)
Topic: When did SSA notify you about your initial SS payment?
Replies: 12
Views: 1448

Re: When did SSA notify you about your initial SS payment?

I got the letter to sign up (since I'm turning 70 end of the year), and made an appointment on the phone (long wait time, but I'm patient). Got to the SS office 15 minutes early. Place was packed, but my appointment started right on time. Completed all the paperwork, and the employee who assisted me...
by steve roy
Fri Aug 31, 2018 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer US dollars to a country with 7% CD rates
Replies: 31
Views: 3272

Re: Transfer US dollars to a country with 7% CD rates

You wanna shimmy up the risk pole, you can make more money.

Or the other thing, if the breaks don't go your way.
by steve roy
Fri Aug 31, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for beginner investor
Replies: 8
Views: 831

Re: Advice for beginner investor

I've got a variety of jams and jellies, all at Vanguard. Mostly individual mutual funds, both index and active. I tilt to small cap and value. But the unvarnished truth? The Vanguard 2015 Target Date Fund that's tucked away in my 401(k) does as well as anything, and lots of times better. It's in ins...
by steve roy
Thu Aug 30, 2018 1:02 pm
Forum: Local Chapters and Bogleheads Community
Topic: I just wanted to thank you all for helping me turnaround my life
Replies: 11
Views: 2879

Re: I just wanted to thank you all for helping me turnaround my life

My experience with financial advisors is similar to yours: so-so performance and high fees. Happily, I got off that merry-go-round years ago. Glad to hear you’ve done the same.
by steve roy
Mon Aug 27, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: Your Best Mood Boosting Books (not self-help)
Replies: 29
Views: 2473

Re: Your Best Mood Boosting Books (not self-help)

One more (a book I found intoxicating when I was young and was sorry when the tale came to an end):

“The Wind In The Willows”
by steve roy
Sun Aug 26, 2018 6:15 pm
Forum: Personal Consumer Issues
Topic: Your Best Mood Boosting Books (not self-help)
Replies: 29
Views: 2473

Re: Mood Boosting Books (not self-help)

Fiction/non-fiction books that boosted MY mood: “Life on the Mississippi” (from Chapter 4, where the “cub pilot” fun begins). by Mark Twain Novels of Raymond Chandler (“The Big Sleep” being the first) The Spenser novels by Robert S. Parker “Catch 22” by Joseph Heller And if you’re an American histor...
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: 15
Views: 1773

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: 229
Views: 14793

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: 229
Views: 14793

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: 25856

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: 25856

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: 22126

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: 5541

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: 5541

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: 25856

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: 25856

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: 2735

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 Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 762
Views: 78700

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 Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 762
Views: 78700

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: 1212

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: 1764

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: 1529

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: 2461

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: 966

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: 6153

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: 64
Views: 5857

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: 15837

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: 162
Views: 14724

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: 11
Views: 2653

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: 3996

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: 3996

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: 2200

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 ...