Search found 1501 matches

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: 94
Views: 5556

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: 114
Views: 6369

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: 4523

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: 560

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: 1703

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: 5481

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: 8949

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: 3943

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: 3167

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: 15185

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: 11044

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: 4558

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: 119
Views: 11723

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: 119
Views: 11723

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: 35782

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: 1170

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: 7004

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: 3084

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: 1657

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: 3253

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: 3955

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: 3130
Views: 956695

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: 618

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.
by steve roy
Fri May 04, 2018 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target retirement funds
Replies: 28
Views: 3784

Re: Vanguard Target retirement funds

When Vanguard took over administration of my employer's 401(k) Plan, they migrated all participants into age-appropriate Target Retirement Funds. Five years on, 85% of participants have elected to stay in the VG Target Retirement Funds (me included). I have had no problems with performance (mine is ...
by steve roy
Sun Apr 29, 2018 5:00 pm
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 103
Views: 14293

Re: [favorite] Boglehead quotes

There are two ways to get rich – make more or desire less. ...
Oh, I donno. I desire LOTS of things. But I resist the impulse to BUY them.
by steve roy
Sat Apr 28, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio, help me understand it correctly.
Replies: 4
Views: 984

Re: 3 fund portfolio, help me understand it correctly.

Some people use variants to the Three Fund Portfolio. For instance, the Intermediate Bond Fund coupled to the Total Stock Market and Total International. Or (sometimes) Intermediate Tax Exempt if you have no tas-advantaged accounts. You set the allocation for each fund, and away you go. You HAVE see...
by steve roy
Fri Apr 27, 2018 4:45 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Perils Of Old Age
Replies: 94
Views: 11384

Re: Larry Swedroe: Financial Perils Of Old Age

It’s a pity humans don’t die in the style of parakeets: singing on your perch one minute: dead on the bottom of your cage the next. I read this (https://www.nytimes.com/2015/05/17/magazine/the-last-day-of-her-life.html) article in 2015 and it stayed with me. I have a pdf saved for reference and my ...
by steve roy
Fri Apr 27, 2018 11:35 am
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 129
Views: 9797

Re: How did you tell the boss you're leaving/retiring?

Happily, I WAS the boss. So all it took was me telling me “I’m leaving as of December 7, 2016” and it was a done deal.

(And I took my announcement of departure real well.)
by steve roy
Wed Apr 25, 2018 10:44 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Perils Of Old Age
Replies: 94
Views: 11384

Re: Larry Swedroe: Financial Perils Of Old Age

My grandfather lived to be 95 and said to me: “If I’d have done this right I would have dropped dead at 75.” My mother (gradpa’s daughter) is now 92 and the last few years have not been pretty: repeated falls, broken bones, mild dementia, hearing loss, the gamut. She planned ahead with a long-term c...
by steve roy
Mon Apr 23, 2018 12:20 am
Forum: Investing - Theory, News & General
Topic: Vanguard Surveys
Replies: 47
Views: 3076

Re: Vanguard Surveys

I got a Vanguard survey a week and a half ago and was happy to fill it out. I promptly emailed it back. Day before yesterday, I got a second email request to fill out Vanguard’s survey. When I opened it, a message said “Survey completed.” So I called Vanguard and asked them, please don’t send more e...
by steve roy
Sun Apr 22, 2018 7:21 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Philosophy Open To Change?
Replies: 197
Views: 10319

Re: Boglehead Philosophy Open To Change?

I've always thought that smart investing isn't complicated (witness the Boglehead philosophy above), but it's often difficult for mortals to successfully execute because 1) Of shiny objects forever sailing by (hot sectors, investment "gurus", red hot active funds, etc.) 2) Of economic downdrafts (wh...
by steve roy
Sat Apr 21, 2018 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Fund Selection
Replies: 7
Views: 465

Re: 401k Fund Selection

Given your fund lineups and costs, I would use the Vanguard index funds to do a three fund portfolio. The T. Rowe Price funds are too expensive.
by steve roy
Fri Apr 20, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: New retirees: so whatdayathink ?
Replies: 97
Views: 11899

Re: New retirees: so whatdayathink ?

I'm several months away, but I use the analogy of a racehorse standing just behind the starting gate at the Kentucky Derby. All I can do is look across to the other side as I impatiently wait for the gun to sound off. I spent the week at a mandatory work related conference. I could not focus, it wa...
by steve roy
Fri Apr 20, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Should I continue to hold REITs?
Replies: 53
Views: 5102

Re: Should I continue to hold REITs?

When I purchase equities or REITS, I buy and hold. Domestic real estate and stocks have high valuations right now, so corrections downward shouldn't be unexpected. Older I get, the more I think it's a good idea to buy broad indexes so you aren't tempted to tweak different slices of the portfolio. So...
by steve roy
Fri Apr 20, 2018 6:24 pm
Forum: Personal Consumer Issues
Topic: How long have you been employed?
Replies: 44
Views: 2838

Re: How long have you been employed?

Three years working part-time washing dishes and filling vending machines at the University of California. (I worked alongside several undocumented immigrants ... in those far-off days nobody seemed to care about the documented or undocumented details of employment.) Then it was two years active dut...
by steve roy
Tue Apr 17, 2018 1:23 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3130
Views: 956695

Re: What Book Are You Currently Reading? Part VI

Three quarters of the way through "Pride and Prejudice". Enjoyed the movie with Ms. Keira Knightly and Donald Southerland, liking the book less.

But I will finish the tome because it's good for me.
by steve roy
Sat Apr 14, 2018 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: What advantages do a personalized portfolio have over a target date fund, in your opinion?
Replies: 50
Views: 3805

Re: What advantages do a personalized portfolio have over a target date fund, in your opinion?

One big advantage with a Target Date or Life Stratgy fund: you won't endlessly tinker with investments (like leaping in and out of equities or bonds) so you will likely end up with more money after ten or twenty years.
by steve roy
Mon Apr 09, 2018 2:10 pm
Forum: Local Chapters and Bogleheads Community
Topic: Too much Bogleheads.org?
Replies: 90
Views: 13495

Re: Too much Bogleheads.org?

I’m reading “Pride and Prejudice “. Nice counter-balance to Bogleheads.org.
by steve roy
Sun Apr 08, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: If you want an actively managed fund, which one would you use?
Replies: 70
Views: 5585

Re: If you want an actively managed fund, which one would you use?

Wellesley. Had it for years; It’s about 18% of assets, but the percentage will be reduced as I add money — since I don’t plan to add to the Wellesley stash. I’m also in tax exempt bond funds that are also “actively” managed. And I guess those count. (Vanguard seems to think so. They say I have 52% o...
by steve roy
Sat Mar 31, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should I loan my child money for college?
Replies: 73
Views: 5705

Re: Should I loan my child money for college?

I worked an extra three years to pay for Son #2's college education. The downside was, Son #2 took his sweet time getting a degree. The upside? We didn't pay exorbitant education costs. There was four years financing General Ed courses at a community college (I wasn't kidding about my child taking h...
by steve roy
Thu Mar 22, 2018 4:36 pm
Forum: Personal Consumer Issues
Topic: Your favorite Florida beach??
Replies: 52
Views: 5228

Re: Your favorite Florida beach??

Kitty Telltales wrote:
Thu Mar 22, 2018 6:55 am
moneywise3 wrote:
Thu Mar 22, 2018 1:09 am
Captiva and Sanibel islands hands down
+1
+2
by steve roy
Wed Mar 21, 2018 10:24 pm
Forum: Personal Consumer Issues
Topic: Your favorite Florida beach??
Replies: 52
Views: 5228

Re: Your favorite Florida beach??

Shell beach on Sanilbel Island, on the gulf coast at the bottom of the peninsula.
by steve roy
Wed Mar 21, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Home equity as part of retirement plan
Replies: 59
Views: 4042

Re: Home equity as part of retirement plan

We always planned to count the house as part of our investments, as we were sitting on a lot of equity. We’re now in the process of selling and will move profits to Vanguard. I think if you live in an area where home prices don’t rise much there’s little point in counting your abode as part of the i...
by steve roy
Fri Mar 16, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: How does everyone here earn so much?
Replies: 131
Views: 7792

Re: How does everyone here earn so much?

What anybody else makes here is irrelevant to my situation. I make what I make. It’s up to me to live off earnings/cash flow. I came from the movie biz (cartoon division) where people make good money and then make nothing. That’s show business, boom or bust. I know people that bought big houses and ...
by steve roy
Sun Mar 11, 2018 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Please Be Brutally Honest...
Replies: 17
Views: 5112

Re: Please Be Brutally Honest...

Given your age, my advice would be: 65% LifeStrategy Moderate Growth (60/40) and 35% Wellington (Admiral shares ... and also 60/40 but domestic equities.) Two funds ... with a large cap value tilt. Broad diversification. Simplicity. You could always get fancier and more complicated, but your results...
by steve roy
Sat Mar 10, 2018 11:46 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 266
Views: 42537

Re: Roll Call for the Retirement Class of 2016!

Retired on December 6, 2016 and then ... Steamed through the South Pacific, visiting Australia (a week in Sydney), New Zealand, French Polynesia, and Hawaii. ... And it was on to Hollywood, Florida for a final professional convention (there was a nice per diem), then a flight across the Atlantic for...
by steve roy
Fri Mar 02, 2018 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Needing To Simplify Retirement Accounts
Replies: 18
Views: 2167

Re: Needing To Simplify Retirement Accounts

A Three-Fund Portfolio seems like a good option.

I don't understand what all the stocks and mutual funds are buying you, except maybe confusion.
by steve roy
Fri Mar 02, 2018 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Another Early Retirement Thread...
Replies: 15
Views: 1976

Re: Another Early Retirement Thread...

Possible "to dos": Sell the current abode, take the equity and add it to your investments, move to a lower-cost, lower-tax state. Spend six months testing what your new expenses are (maybe rent?), see if you can fit travel in. Work part time if necessary. Maybe you can pencil out possible "cost of l...
by steve roy
Mon Feb 26, 2018 5:39 pm
Forum: Investing - Theory, News & General
Topic: Bubbles Everywhere
Replies: 41
Views: 6937

Re: Bubbles Everywhere

Todd says a lot of the same things (and says them multiple times) that other financial analysts are spouting: 1) markets are over-valued, 2) high valuations impact almost every asset class, and 3) a correction is coming (sometime). He just puts more top spin on his prediction for the size of the com...