Search found 1539 matches

by steve roy
Mon Oct 15, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: "Turn Off The Financial News"
Replies: 13
Views: 1809

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: 3753
Views: 1067023

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: 523

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: 9335

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: 6918

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: 1400

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: 3181

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: 817

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: 2796

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: 2409

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: 2409

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: 1745

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: 14395

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: 14395

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: 25230

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: 25230

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: 21649

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: 5494

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: 5494

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: 25230

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: 25230

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: 2682

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: 753
Views: 73599

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: 753
Views: 73599

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: 1183

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: 1708

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: 1503

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: 2379

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: 920

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: 5973

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: 5038

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: 14867

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: 14211

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: 2607

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: 3921

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: 3921

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: 2132

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: 2132

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: 7641

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: 7614

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: 4962

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: 650

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: 1891

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: 6221

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: 9805

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: 4266

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: 3511

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: 16223

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: 12054

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: 4802

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...