Search found 1429 matches

by steve roy
Wed Jan 17, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Sanity Check on Asset Allocation
Replies: 5
Views: 485

Re: Sanity Check on Asset Allocation

Wellington is good, but an equivalent AA on the index side would be Vanguard’s 60/40 Total Stock Market/Total Bond all-in-one fund. Eight basis points (I think) and it’s be n competitive with Wellington. (I have a lot of Wellesley, also index funds.)
by steve roy
Sat Jan 13, 2018 9:03 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2745
Views: 877268

Re: What Book Are You Currently Reading? Part VI

I posted a few days ago that I started Provenance by Ann Leckie. I slogged through 70+ percent of it and gave up for now. That far in and I'm not sure what the story is. For me at least, not up to her prior books. On the subject of partially read books: I have repeatedly tried to finish “The Honora...
by steve roy
Sat Jan 13, 2018 8:57 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2745
Views: 877268

Re: What Book Are You Currently Reading? Part VI

Just finished “Fire and Fury”. Entertaining read, particularly toward the end when Steve Bannon launches into several operatic rants. (Lots of White House/West Wing intrigue.) If you follow the news there are no big surprises, but several small ones. Remarkably, events have already outrun the end of...
by steve roy
Sat Jan 13, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: What happened to Larry Kudlow's Saturday radio program?
Replies: 5
Views: 528

Re: What happened to Larry Kudlow's Saturday radio program?

I thought Larry was joining the administration. Maybe that’s it.
by steve roy
Tue Jan 09, 2018 12:35 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 17612

Re: Memo to those who have won the game: it's time to quit playing

Call_Me_Op wrote:
Sun Jan 07, 2018 10:52 am
What does "stop playing" mean?
To me it means when you’re dead.
by steve roy
Mon Jan 08, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: How to learn creative writing?
Replies: 23
Views: 1295

Re: How to learn creative writing?

Read a lot. Write a lot. Read “The Elements of Style” which S. King recommends.

Write every day because you can’t learn without doing, any more than you could learn to play tennis or play the piano without doing it.
by steve roy
Sun Dec 24, 2017 12:10 am
Forum: Investing - Theory, News & General
Topic: Do any of you follow Bob Brinker?
Replies: 64
Views: 6213

Re: Do any of you follow Bob Brinker?

I used to listen to Brinker and his radio show, also read his newsletter. He is quite Bogleheadish, with various model portfolios and a heavy tilt to Vanguard funds. The market timing part of his song and dance is flapdoodle. He used to tout the fact that he CALLED the 2001 peak and its subsequent d...
by steve roy
Sat Dec 23, 2017 2:41 pm
Forum: Investing - Theory, News & General
Topic: [Can you retire on] $5mm
Replies: 25
Views: 2733

Re: $5mm

Sorry, $5 million to retire on just wouldn't work for me. I'd have to give up the yacht and some of the household staff, and that would be intolerable.
by steve roy
Sat Dec 23, 2017 2:36 pm
Forum: Investing - Theory, News & General
Topic: "The Bond Experiment: Return to VBTLX (Vanguard Total Bond Market)"
Replies: 34
Views: 5187

Re: "The Bond Experiment: Return to VBTLX (Vanguard Total Bond Market)"

I think there's a tendency to overthink this stuff. I know that I fall into the "overthink" category. I've been in a Vanguard-administered 401(k) Plan for years. The Vanguard Target Date funds are heavily used. When Vanguard took over the administration of the Plan 4 years ago, everybody was shifted...
by steve roy
Sat Dec 23, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Ever tempted to shut it down once you have “enough”?
Replies: 37
Views: 4225

Re: Ever tempted to shut it down once you have “enough”?

We've got a 35/65 stock-bond allocation, moving up to 30/70 in the next few months. I don't think it's a good idea to close off stocks altogether, since having SOME equity exposure is desirable. We anticipate more money flowing into accounts in the next few years (house sale, inheritance, etc.) and ...
by steve roy
Fri Dec 22, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Feels dumb to hold bonds - Currently 70% Stocks 30% Bonds
Replies: 96
Views: 11262

Re: Feels dumb to hold bonds - Currently 70% Stocks 30% Bonds

On a related topic: It was just days ago that posts cropped up here about investing in BitCoin. You know, using "fun money"? (Me, I don't have fun money. Only money. And I try and avoid tossing it away.) Funny how the people who were toying with investing just a bit of their cash in bitCoin have gon...
by steve roy
Fri Dec 22, 2017 8:33 pm
Forum: Personal Consumer Issues
Topic: New Honda CRV is MotorTrend's SUV of the year
Replies: 87
Views: 8210

Re: New Honda CRV is MotorTrend's SUV of the year

Consumer Report gives the Subaru Forester the nod as the top SUV ... unless something's changed in the last couple of weeks. We've driven the Foresters for almost two years, and like it a lot. Ok mileage, nice ride, comfortable seats, and the Eyesight collision avoidance system has come in handy. Pl...
by steve roy
Thu Dec 14, 2017 1:48 am
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 103
Views: 10166

Re: Small cap value vs. total market?

Tilting to small caps and/or value is a fine strategy. (I do it myself.) HOWEVER, you can choose a Vanguard LifeStrategy of Target Date Retirement Fund with automated allocations and rebalancings, and out-perform what I'm doing (80% domestic stocks, 20% foreign stocks; small cap and value tilt) by a...
by steve roy
Thu Dec 14, 2017 1:10 am
Forum: Investing - Help with Personal Investments
Topic: Only Wellington and Wellesley in retirement portfolio. Is that a good idea?
Replies: 15
Views: 2223

Re: Only Wellington and Wellesley in retirement portfolio. Is that a good idea?

I have a big slug of Wellesley in my tax-sheltered accounts, and it's performed like a champ over a period of years. A 50/50 allocation would be simple: half Wellesley and half Wellington. But you might want to consider half Wellesley (the old, domestic version) and half Vanguard LifeStrategy Conser...
by steve roy
Wed Dec 06, 2017 6:45 pm
Forum: Personal Consumer Issues
Topic: Recommended places to live
Replies: 54
Views: 5458

Re: Recommended places to live

Prescott, Arizona. 5,000 feet, four seasons.
by steve roy
Fri Dec 01, 2017 12:07 am
Forum: Investing - Help with Personal Investments
Topic: retirement strategy
Replies: 24
Views: 2786

Re: retirement strategy

My advice? Think about NOT diving into retirement with a higher stock exposure. Equities aren't undervalued, even though they may go higher for several more years. There's a reasonably good chance that won't happen. I wouldn't bet the health of my retirement on stocks outperforming, especially in th...
by steve roy
Thu Nov 30, 2017 11:51 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3248
Views: 943294

Re: What Movie Have You Recently Watched?

"Three Billboards Outside Ebbing, Missouri" Funny. Unsettling. Nerve-Wracking. Frances McDormond etches a vivid portrait of a woman on a mission in the small-town South. Woody Harrelson memorably co-stars as a small-town sheriff who, even after his exit, continues to drive narrative. This flick ends...
by steve roy
Wed Nov 29, 2017 8:49 pm
Forum: Investing - Theory, News & General
Topic: Which crash have you seen it before it is coming?
Replies: 134
Views: 10006

Re: Which crash have you seen it before it is coming?

It was August 2007 and I still owned individual stocks ... in this case, Goldman Sachs. September rolled around and Goldman shares were falling like an anvil pushed out of a C-130. I got rid of all my shares. I presumed the company would soon cease to exist. I would have been right, except that Uncl...
by steve roy
Mon Nov 27, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis: Can you get to the bottom of things?
Replies: 136
Views: 9443

Re: Analysis Paralysis: Can you get to the bottom of things?

I've likely posted this before (in fact, almost certain I have) but here it is again: One of my closest friends has a doctorate in economics from Cornell. He's run his own company advising large clients about market strategies, he's taught in universities, he's been a member of the President's Counc...
by steve roy
Sat Nov 25, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis: Can you get to the bottom of things?
Replies: 136
Views: 9443

Re: Analysis Paralysis: Can you get to the bottom of things?

Here's the secret: Set up a Three Fund Portfolio, dump a bunch of money in it, then ignore it for thirty-five years. Pretend you don't have it. Three and a half decades from now you'll discover you're a quite successful investor. And you've avoided all the Deep Diving.
by steve roy
Sat Nov 25, 2017 5:21 pm
Forum: Personal Consumer Issues
Topic: The Wolf of Wall Street
Replies: 33
Views: 4698

Re: The Wolf of Wall Street

nisiprius stated, concerning the film The Wolf of Wall Street , To enjoy it requires a certain adolescent attitude, It also requires a stomach for a certain word referring to carnal knowledge. Someone from Variety Magazine went ahead, saved us all the trouble of doing so, and counted the F-bombs in...
by steve roy
Sat Nov 25, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 290
Views: 25807

Re: Anyone tired of the stock market going up?

It’s easy to avoid fretting over the markets.

Set up the LifeStrategy fund of your choice, start automatic contributions from your checking account, and then forget about the stock or bond markets or that you have money in them.

In other words, focus on anything but equity markets and investing.
by steve roy
Tue Nov 21, 2017 12:47 am
Forum: Investing - Help with Personal Investments
Topic: Slice and Dice
Replies: 40
Views: 3440

Re: Slice and Dice

I slice and dice. But I question myself all the time: "How much good is this doing?" It might do a bit of good ... or might not. The quaint little secret is, it's NOT the slicing and dicing, but the overall stock bond allocation that ultimately makes you a successful investor. If you want less hassl...
by steve roy
Thu Nov 16, 2017 8:14 pm
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 98
Views: 5352

Re: Where did you first learn about investing?

My FIRST lesson/experience were negative lessons from my unhelpful financial advisor.

He was warm and folksy during our breakfasts together. Everything else he did ultimately left a sour taste.
by steve roy
Sun Nov 05, 2017 8:14 pm
Forum: Investing - Theory, News & General
Topic: Did Vanguard change from 20% to 30% stock in TD retirement income fund?
Replies: 19
Views: 2327

Re: Did Vanguard change from 20% to 30% stock in TD retirement income fund?

. Yes, Vanguard changed the stock percentage in the Target Date Retirement Income fund from 20% to 30% in 2006. See the Wiki page: https://www.bogleheads.org/wiki/Vanguard_target_retirement_funds "In the years since launching the TR funds, Vanguard has made two significant changes to the funds' ass...
by steve roy
Sat Nov 04, 2017 11:16 pm
Forum: Investing - Theory, News & General
Topic: Did Vanguard change from 20% to 30% stock in TD retirement income fund?
Replies: 19
Views: 2327

Re: Did Vanguard change from 20% to 30% stock in TD retirement income fund?

Nope, don't remember 20%.

Lifestrategy Income is 20% stocks. Target Date Income has been at 30% for as long as I can recall.
by steve roy
Tue Oct 31, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 84
Views: 5912

Re: New Car: Ever make sense to lease?

Leasing can be a fine way to go, depending on the circumstance. Here's one such circumstance that happened to the Mrs. and me: A long while ago, a couple of Honda dealers put out print ads offering Honda Civic leases for $64 or $67 per moth, depending on whether the cars were automatics or sticks. $...
by steve roy
Sun Oct 29, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: What is the point of an ETF version of a total stock index fund?
Replies: 15
Views: 1169

Re: What is the point of an ETF version of a total stock index fund?

Because if you only have enough money for Vanguard Investor shares, then buying the ETF version gets you in at the lower Admiral cost.
by steve roy
Sat Oct 28, 2017 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: What is on your Pre and/or Post Retirement Bucket List?
Replies: 23
Views: 2006

Re: What is on your Pre and/or Post Retirement Bucket List?

I retired 11 months ago. DW hung it up in July, 2017. We decided to frontload travel while we're both ambulatory and perky, and have been to Europe, the South Pacific, Pennsylvania and the enchanting land of Florida. We'll be doing more travel in the next couple of years, but just now we're close to...
by steve roy
Thu Oct 26, 2017 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Hello from a late starter
Replies: 9
Views: 1580

Re: Hello from a late starter

The secret about investing? The mechanics of it are not hard. It's the follow-through and maintaining a strategy that's difficult. The impulse of most people is to panic, cut and run when your asset allocation (stocks/bonds) hits choppy seas, and your money totals decrease and you think "Oh sh*t! I'...
by steve roy
Thu Oct 26, 2017 10:45 am
Forum: Investing - Help with Personal Investments
Topic: when to rebalance?
Replies: 6
Views: 405

Re: when to rebalance?

I wait until my AA is 5+% out of whack. Others rebalance every 12 months, 36 months, etc.

For me, it's not super crucial that my asset allocation is right on the money. If I'm within hailing distance, I'm good.
by steve roy
Mon Oct 23, 2017 7:58 pm
Forum: Personal Consumer Issues
Topic: what is your weekly workout routine?
Replies: 68
Views: 4863

Re: what is your weekly workout routine?

68 years old. 6 feet, two-and-a-half inches. One hundred sixty-two pounds. Seventy-five to ninety minutes of brisk walking per day; two meals per day (chicken, fish, vegetables and fresh fruit. And one cup of coffee. Also the usual handful of vitamins and a moderate dose statin.) Upper body work one...
by steve roy
Mon Oct 23, 2017 8:56 am
Forum: Local Chapters and Bogleheads Community
Topic: Thank you Jack, Taylor and Mel!!
Replies: 27
Views: 3068

Re: Thank you Jack, Taylor and Mel!!

Mrs. SR and I had a fabulous time at the BH conference. Many thanks to everyone who made the gathering tick along like fine-crafted Alpine watch.
by steve roy
Mon Oct 23, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 175
Views: 18845

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Had a long term financial advisor who not only added no value but took it away. Tense final meeting, and he foot-dragged letting go of my money. Never again.
by steve roy
Thu Oct 12, 2017 10:39 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4670

Re: 10 year anniversary of the beginning of the Great Recession

By the time '08-'09 rolled around, I had learned enough not to panic and start shifting assets around. So I just rolled through the downturn, not touching anything, just gritting my teeth and trying not to cry myself to sleep every other night. I retired the tail end of last year. My wife followed s...
by steve roy
Mon Oct 09, 2017 6:25 pm
Forum: Investing - Theory, News & General
Topic: Life-insurance for young couple. Advice?
Replies: 23
Views: 2026

Re: Life-insurance for young couple. Advice?

I bought term life insurance in my thirties. At the time, I was newly married with one child. I bought too little life insurance ($250,000) but got away with it. At the time it cost around $500 per year. (This was the mid 80s.) Now I am oldly married, the two kids are adults and my life insurance we...
by steve roy
Mon Oct 09, 2017 12:13 am
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12933

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

Joseph Kennedy was a market timer. He got out of stocks in 1929 because he thought the market was getting a wee bit unhinged. Warren Buffett is a market timer. He was advising people to buy stocks after the 2008 crash. He wrote a newspaper column about it. People who take advantage of large market m...
by steve roy
Sun Oct 01, 2017 7:47 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2745
Views: 877268

Re: What Book Are You Currently Reading? Part VI

"Dark Money" by Jane Mayer, a writer for the New Yorker.

It's about the current state of our U.S. political system, focusing on Charles and Dvid Koch. Well'-written and well-researched, I find it fascinating.
by steve roy
Sat Sep 30, 2017 10:53 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 16255

Re: Why do you LBYM? Why do you save and invest?

Of course, the truly frugal wouldn't be in MacDonalds in the first place. They'd be buying in bulk at Cost Co and eating at home.
by steve roy
Tue Sep 26, 2017 12:13 am
Forum: Investing - Help with Personal Investments
Topic: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs
Replies: 52
Views: 6528

Re: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs

My suggestion? 60% Lifestrategy Consetvative Growth and 40% Wellesley. You could also build a Three Fund Portfolio plus Wellesley to lower costs a bit.
by steve roy
Sat Sep 23, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: [How do I rebalance my Three-Fund Portfolio?]
Replies: 2
Views: 586

Re: [How do I rebalance my Three-Fund Portfolio?]

Generally speaking, the bond side of your allocation should be parked in your tax-advantaged accounts, with the total stock index and total international index on the investment side of the ledger. Then just set your percentages and have at it. (Note: Mrs. Steve Roy and I have an allocation of 30/70...
by steve roy
Wed Sep 20, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: Net Worth divided between taxable and tax-advantaged accounts
Replies: 4
Views: 1056

Re: Net Worth divided between taxable and tax-advantaged accounts

Since tax rates bounce around over time, there's no way to quantify the after-tax value of your net worth as we travel across the years and decades. Happily, I've never tried to do that. If I have enough cash to meet my needs, I'm good.
by steve roy
Mon Sep 18, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - FI? / Long Term Allocation
Replies: 4
Views: 415

Re: Portfolio Review - FI? / Long Term Allocation

If you're looking to conserve the stash youve got: 40/60 three fund portfolio (or the equivalent). If you want to grow it (take more risk): 60/40.
by steve roy
Sun Sep 10, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Alternatives to money market funds?
Replies: 8
Views: 992

Re: Alternatives to money market funds?

For more interest payouts (and, sadly, more RISK), consider short-term corporate or investment grade bond funds.

VG investment grade bonds is a "Vanguard Select" fund.

https://personal.vanguard.com/us/funds/ ... undId=0039
by steve roy
Sat Sep 09, 2017 2:22 pm
Forum: Investing - Theory, News & General
Topic: Yes Virginia, you can lose money in bonds
Replies: 36
Views: 5444

Re: Yes Virginia, you can lose money in bonds

... it’s very unlikely that Central Banks around the world will ever let inflation get out of hand again, as during the 1955-1980 period. Just my two cents. It's pretty to think so, but I never under-estimate the blindness and short-term greed of human beings. (You would think after the carnage of ...
by steve roy
Wed Sep 06, 2017 5:00 pm
Forum: Investing - Theory, News & General
Topic: Bond Fund Philosophy
Replies: 18
Views: 2907

Re: Bond Fund Philosophy

I wouldn't consider rental properties "fixed income" investments. (For example, I live in Southern California, and if my -- hypothetical -- apartment units were turned into kindling when the San Andreas fault gave a loud belch, no more monthly rent money.)

Bonds are fixed income. Other things, not.
by steve roy
Mon Sep 04, 2017 7:50 pm
Forum: Personal Consumer Issues
Topic: Coyote Defense
Replies: 69
Views: 5922

Re: Coyote Defense

Coyotes are ubiquitous in the Southern California foothills. I used to carry a golf club when I walked early in the morning, now I just don't go up in the hills until the sun is high. There's a golf course near our house, and packs of coyotes lounge on the greens. Not worried about one or two, but w...
by steve roy
Mon Sep 04, 2017 10:06 am
Forum: Investing - Theory, News & General
Topic: Do you use lifestrategy/ asset allocation funds?
Replies: 77
Views: 14045

Re: Do you use lifestrategy/ asset allocation funds?

I use the Vanguard Target Date 2015 Allocation in my 401(k) and like it. When I was a trustee of this particular 401(k) Plan, I recommended the Target Date Funds to participants because A) they were institutional shares and less expensive than the retail version offered on the Vanguard website and B...