Search found 5955 matches

by staythecourse
Tue Oct 23, 2018 10:36 am
Forum: Investing - Theory, News & General
Topic: Jason Hsu and William Bernstein Like Overbalancing
Replies: 35
Views: 6290

Re: Jason Hsu and William Bernstein Like Overbalancing

This is why I love this board. Bring up a topic written by a couple great authors and there we go BOTH show up and give input. Thanks Mr. Swedroe and Dr. Bernstein.

Good luck.
by staythecourse
Mon Oct 22, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Timing the market - Some say it’s possible?
Replies: 36
Views: 1723

Re: Timing the market - Some say it’s possible?

Here is my opinion on these active management debates? Is it possible to produce +returns from security selection and/ or market timing? Sure. Has it been done? Sure. That is NOT the question. The question every investor has to ask is can one produce extra returns with active management on a FORWARD...
by staythecourse
Sun Oct 21, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 136
Views: 5617

Re: Pull kids from school for vacations?

The contrary argument about sending an unintended message is also true. One idea at the heart of compulsory education is that we are in a social contract with obligations on all sides. It is really not about money or economic rationales. How do teachers support walking out and closing down schools ...
by staythecourse
Sun Oct 21, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: 8 reasons why pensions are [good]
Replies: 67
Views: 5246

Re: 8 reasons why pensions are [good]

Easiest two would be you made A LOT less in retirement then you could if you invested the way you wanted for the last 40 years which had the greatest bull markets in stocks, bonds, and real estate history. Second is No money for heirs. The greatest advantage of being an American (good or bad) is th...
by staythecourse
Sun Oct 21, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: 8 reasons why pensions are [good]
Replies: 67
Views: 5246

Re: 8 reasons why pensions are [good]

Easiest two would be you made A LOT less in retirement then you could if you invested the way you wanted for the last 40 years which had the greatest bull markets in stocks, bonds, and real estate history. Second is No money for heirs. The greatest advantage of being an American (good or bad) is the...
by staythecourse
Sun Oct 21, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Bear Market: Invest in Taxable, Bull Market: Pay Down Mortgage?
Replies: 8
Views: 1007

Re: Bear Market: Invest in Taxable, Bull Market: Pay Down Mortgage?

My biggest concern as an investor for during a bear market is job security. So, I would make sure EF is AT LEAST 1 year. Whatever you choose after that is up to you, but keep in mind paying down mortgage is like adding bonds. So you are basically saying in bear add to stocks and bull add to fixed in...
by staythecourse
Sun Oct 21, 2018 8:04 am
Forum: Personal Consumer Issues
Topic: Recently made a separate account used for spending on fun, entertainment, and things I wouldn’t normally buy
Replies: 12
Views: 913

Re: Recently made a separate account used for spending on fun, entertainment, and things I wouldn’t normally buy

Great idea. I would think if you don't have a burning desire to do anything with the money maybe the answer is don't do anything with the money. Maybe you are satisified? Or have "enough"? Great way to figure out you are happy in a material sense. Just let it sit there until something comes up you a...
by staythecourse
Sat Oct 20, 2018 7:24 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 136
Views: 5617

Re: Pull kids from school for vacations?

Often, strict attendance policies are grounded in economics more than anything else. For example, in my state, funding to a particular school is directly dependent on daily student attendance. Bingo. Public schools care because their funding is dependent on attendance rates. Those teachers care as ...
by staythecourse
Sat Oct 20, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Thank you from a widow
Replies: 24
Views: 4720

Re: Thank you from a widow

This post needs to be sticked for 2 reasons. 1. Th is the REASON we learn about finances. It is NOT about retiring early or buying the big house or putting numbers into the many online calculators and making ourselves feel we are smarter then nearly everyone else. The reason we learn (like anything ...
by staythecourse
Sat Oct 20, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Inspiring story of frugality and charity
Replies: 4
Views: 628

Re: Inspiring story of frugality and charity

Interesting. If he has that much money and doesn't/ hasn't used any of it why not start the donating now. At 700+ million worth my guess he has not given a substantial amount to charity now. So what is he waiting for?

Good luck.
by staythecourse
Sat Oct 20, 2018 3:27 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 136
Views: 5617

Re: Pull kids from school for vacations?

Often, strict attendance policies are grounded in economics more than anything else. For example, in my state, funding to a particular school is directly dependent on daily student attendance. Bingo. Public schools care because their funding is dependent on attendance rates. Those teachers care as ...
by staythecourse
Sat Oct 20, 2018 8:32 am
Forum: Investing - Theory, News & General
Topic: How do you trade ETFs exactly like mutual funds?
Replies: 44
Views: 2253

Re: How do you trade ETFs exactly like mutual funds?

Not an expert so hope someone will educate me on this topic, but why does it matter? ETF are priced through out the trading day IN REAL TIME. Mutual funds are priced at the closing price. So starting at the market the next day they are "worth" the same. So who cares when you sell and buy? The price ...
by staythecourse
Sat Oct 20, 2018 8:32 am
Forum: Investing - Theory, News & General
Topic: How do you trade ETFs exactly like mutual funds?
Replies: 44
Views: 2253

Re: How do you trade ETFs exactly like mutual funds?

Not an expert so hope someone will educate me on this topic, but why does it matter? ETF are priced through out the trading day IN REAL TIME. Mutual funds are priced at the closing price. So starting at the market the next day they are "worth" the same. So who cares when you sell and buy? The price ...
by staythecourse
Fri Oct 19, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?
Replies: 53
Views: 4848

Re: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?

Look up your state's statutes of rules on termination of employment. My experience is accrued vacation has to be paid. If it isn't just call your DOL office and register a complaint. They will contact your HR and you will get your money.

Good luck.
by staythecourse
Fri Oct 19, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 3939

Re: Approach to rescinding a job acceptance

This is a question as to advice on the best best approach to rescinding an acceptance of a job offer. I know there is a lot of debate on taking a counter offer and whether or not one should rescind an acceptance of a new job. This is not that thread. I have decided to accept a counter offer to rema...
by staythecourse
Fri Oct 19, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 3939

Re: Approach to rescinding a job acceptance

This is a question as to advice on the best best approach to rescinding an acceptance of a job offer. I know there is a lot of debate on taking a counter offer and whether or not one should rescind an acceptance of a new job. This is not that thread. I have decided to accept a counter offer to rema...
by staythecourse
Fri Oct 19, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 3939

Re: Approach to rescinding a job acceptance

This is a question as to advice on the best best approach to rescinding an acceptance of a job offer. I know there is a lot of debate on taking a counter offer and whether or not one should rescind an acceptance of a new job. This is not that thread. I have decided to accept a counter offer to rema...
by staythecourse
Fri Oct 19, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Should we downgrade our house?
Replies: 43
Views: 3770

Re: Should we downgrade our house?

Not nearly enough information. Do you have kids? If so how many? If so are they in need of childcare? If not are they in private or public school? How long do you expect to stay in this location? How will the commute change from the different price points? How about safety? How about green space? Yo...
by staythecourse
Thu Oct 18, 2018 7:08 pm
Forum: Personal Consumer Issues
Topic: Best way to complain about Hertz bait-and-switch?
Replies: 53
Views: 4906

Re: Best way to complain about Hertz bait-and-switch?

I would write a letter of complaint to the president of the board of directors of the airport demanding the the airport cancel the airport space lease for Hertz (and its affiliated companies) due to its failure to meet its commitments to customers. I would also request that the airport bar Hertz (a...
by staythecourse
Thu Oct 18, 2018 3:00 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10779

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

...it is relatively speaking, a 'free lunch' for a citizen of a country to own equities priced in their native currency and under a legal regime where they have standing to seek recompense (relative to a foreigner)... it might even be better than a 'free lunch' because there will likely be lower co...
by staythecourse
Thu Oct 18, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: Top stocks of 2000 trail the market over the next 18 years
Replies: 39
Views: 2884

Re: Top stocks of 2000 trail the market over the next 18 years

willthrill81 wrote:
Thu Oct 18, 2018 9:49 am

You could buy an S&P 500 index fund and zero your position in the top ten stocks with futures contracts.
If I was going to do be more active in my investing I really like this idea. Has anyone done this you know?

Good luck.
by staythecourse
Thu Oct 18, 2018 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 51
Views: 5075

Re: Spoke with a CFP...underwhelming!

I am interested in working with an extremely wealthy financial advisor who has invested according to his own advice for many years and can provide me adequate documentation he has done so. You might want to read the classic book "Where are the Customers Yachts?" before you hire a wealthy financial ...
by staythecourse
Thu Oct 18, 2018 9:02 am
Forum: Investing - Theory, News & General
Topic: flat for the year
Replies: 27
Views: 2494

Re: flat for the year

Lucky for you as I am sure negative. With REIT, international small cap, and EM my ship has many holes this year. Reminds me of Mr. Gibson's line from "Asset Allocation"... (paraphasing) "A truly diversified investor will always be unhappy he will hold too many of the losers and not enough of the wi...
by staythecourse
Thu Oct 18, 2018 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 51
Views: 5075

Re: Spoke with a CFP...underwhelming!

I am interested in working with an extremely wealthy financial advisor who has invested according to his own advice for many years and can provide me adequate documentation he has done so. Do as you want, but would NOT do this. Anybody with a computer can photoshop and make up anything. So what mak...
by staythecourse
Thu Oct 18, 2018 8:38 am
Forum: Investing - Theory, News & General
Topic: Top stocks of 2000 trail the market over the next 18 years
Replies: 39
Views: 2884

Re: Top stocks of 2000 trail the market over the next 18 years

I became aware earlier of research which indicated that the largest companies in a country's stock market, as defined by market capitalization, tend to underperform the rest of the market going forward. But it wasn't until today that I came across such a dramatic example of this in action from Rese...
by staythecourse
Thu Oct 18, 2018 8:33 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 51
Views: 5075

Re: Spoke with a CFP...underwhelming!

My own son who has completed the CFP courses (but has not taken the final exam) and I have had many conversations about investing. I have mentioned this site several times but he just scoff's at it saying it's internet advice from random strangers. I've never understood why folk's care WHERE a piec...
by staythecourse
Thu Oct 18, 2018 8:24 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7439
Views: 1557031

Re: U.S. stocks in freefall

willthrill81 wrote:
Wed Oct 17, 2018 3:28 pm
“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch
That should be stickied somewhere. Thanks for the reminder for all of us.

Good luck.
by staythecourse
Thu Oct 18, 2018 8:14 am
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10779

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

-International stocks are riskier, and there certainly hasn't been data showing a "risk premium" associated with it Here is the BIGGEST issue that makes no sense. Lets flip that argument around. So you are saying since it is SO OBVIOUS U.S. equities are safer it should be expected to return a bette...
by staythecourse
Thu Oct 18, 2018 8:03 am
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10779

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

-International stocks are riskier, and there certainly hasn't been data showing a "risk premium" associated with it Here is the BIGGEST issue that makes no sense. Lets flip that argument around. So you are saying since it is SO OBVIOUS U.S. equities are safer it should be expected to return a bette...
by staythecourse
Wed Oct 17, 2018 7:49 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10779

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

-International stocks are riskier, and there certainly hasn't been data showing a "risk premium" associated with it Here is the BIGGEST issue that makes no sense. Lets flip that argument around. So you are saying since it is SO OBVIOUS U.S. equities are safer it should be expected to return a bette...
by staythecourse
Wed Oct 17, 2018 6:09 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7439
Views: 1557031

Re: U.S. stocks in freefall

I'm a relatively young investor here in the beginning years of my retirement portfolio accumulation phase. Been with Vanguard for about 5 years now since I started my career. Currently in 100% equities. And I am EAGERLY awaiting a huge bear market...because it simply means stocks are at a discount....
by staythecourse
Wed Oct 17, 2018 6:03 pm
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 45
Views: 3563

Re: Not convinced with insurance

As I discussed an another thread the interesting thing is how folks think about risk. Who cares if the risk shows up 1 out of 1000 if the risk leads to a few thousand dollars. If the risk is 1 in 10,000 and the risk could be in your entire net worth that is a big deal. It is not FREQUENCY that sole...
by staythecourse
Tue Oct 16, 2018 6:08 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10779

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

All I can say about this argument is the majority of folks who support U.S. centric only investments are: 1. U.S. raised and 2. Old (80+). Sorry but this thought process is nearly (if ever) recommended by anyone outside of those 2 characteristics. It just proves that no matter how intelligent and in...
by staythecourse
Tue Oct 16, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Kids not interested in money / allowance
Replies: 50
Views: 4885

Re: Kids not interested in money / allowance

I don't know, having raised several now-grown children who seem to be doing fine. Assigned to a task (parenting or less important ones) it's only human nature I think to believe your own intentions and actions will determine the result. That mindset is at least conducive to trying your best. But it...
by staythecourse
Tue Oct 16, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: UC DCO's too high return? [Univ. of CA Defined Contribution Plan]
Replies: 4
Views: 288

Re: UC DCO's too high return? [Univ. of CA Defined Contribution Plan]

samsdad wrote:
Tue Oct 16, 2018 12:21 pm
What are the underlying investments?
That is the correct answer as it is the same as every post on the thread of "What are returns YTD". A simple equation of returns is basically: Asset allocation +/- alpha- fees- taxes. That simple or not simple as it may be to figure out.

Good luck.
by staythecourse
Tue Oct 16, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7439
Views: 1557031

Re: U.S. stocks in freefall

I'm a relatively young investor here in the beginning years of my retirement portfolio accumulation phase. Been with Vanguard for about 5 years now since I started my career. Currently in 100% equities. And I am EAGERLY awaiting a huge bear market...because it simply means stocks are at a discount....
by staythecourse
Tue Oct 16, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Market timing mistakes relative to joining BH Forum
Replies: 6
Views: 716

Re: Market timing mistakes relative to joining BH Forum

...it seemed common sense that you can't beat the market as a whole. Genuine common sense is surprisingly uncommon. True that. I am guilty of the same, but randomly for this specific issue I don't understand how anyone can think they can time a market that makes no sense on when it goes up, down, o...
by staythecourse
Tue Oct 16, 2018 11:12 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7439
Views: 1557031

Re: U.S. stocks in freefall

I'm a relatively young investor here in the beginning years of my retirement portfolio accumulation phase. Been with Vanguard for about 5 years now since I started my career. Currently in 100% equities. And I am EAGERLY awaiting a huge bear market...because it simply means stocks are at a discount....
by staythecourse
Tue Oct 16, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer – bonus details provided after acceptance
Replies: 26
Views: 1796

Re: Job Offer – bonus details provided after acceptance

You only have 3 options: 1. Say yes to the offer, get the bonus structure then join. 2. Say yes to the offer, get the bonus structure then say no based on new information that changed your decision. Totally reasonable as they are unwilling to let you know in advance. 3. Say no now as they aren't giv...
by staythecourse
Tue Oct 16, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Market timing mistakes relative to joining BH Forum
Replies: 6
Views: 716

Re: Market timing mistakes relative to joining BH Forum

Don't worry it is more important that you learned how to fish then when you learned it. Sounds like you are young in your career and if so you have MANY years to do it correct. Personally, I never market timed or did individual stock selection as it seemed common sense that you can't beat the market...
by staythecourse
Tue Oct 16, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Sell & Buy New Home Now vs. Next Spring
Replies: 25
Views: 1056

Re: Sell & Buy New Home Now vs. Next Spring

If you goal is to buy before the next school year then that is your deadline. The aspect that changes everything is WHEN you find a house you like. Let that be your guiding point. Don't let agents or bank guys influence you. They ONLY thing they care about is making a dime off you. In real estate th...
by staythecourse
Tue Oct 16, 2018 10:51 am
Forum: Personal Consumer Issues
Topic: Corporate politics/culture
Replies: 43
Views: 3921

Re: Corporate politics/culture

I worked for one particular MegaTechCorp where the executive VP of sales rotated in/out on about an 18 month basis. Every one of them seemed to feel that they needed to make a major change to show how great they were. I'm attached to sales so saw the result of their ego driven stupidity. One VP say...
by staythecourse
Tue Oct 16, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Single Family Homes in Chicago?
Replies: 33
Views: 3521

Re: Single Family Homes in Chicago?

OP: I wish you good luck. Please be well informed of the property tax situation. They're already very high, and the government-worker pension funds are still very far underfunded, so I think it is a very real risk that the property taxes go up-and-up-and-up even more. I sold off my rental propertie...
by staythecourse
Tue Oct 16, 2018 8:40 am
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 45
Views: 3563

Re: Not convinced with insurance

FYI while people can always cook up a scenario in which you get sued, and you can also cook up a scenario in which they will be sued for more than their current umbrella liability limit. The probability of all these events are below the level at which the human mind can discern. We all take risks s...
by staythecourse
Tue Oct 16, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Kids not interested in money / allowance
Replies: 50
Views: 4885

Re: Kids not interested in money / allowance

I started and stopped the allowances due to lack of interest. The kids could never come up with things they wanted for their birthdays or Christmas, so everyone gives them cash, which they save and invest. When they want something, they use their birthday/Christmas money throughout the year. They s...
by staythecourse
Tue Oct 16, 2018 8:29 am
Forum: Personal Consumer Issues
Topic: Corporate politics/culture
Replies: 43
Views: 3921

Re: Corporate politics/culture

Been in the private sector for 35 years now. It's almost as if there is a play book that they've read, at least in my industry. 1. New CEO comes in. Declares a 90-120 day period of "getting the lay of the land" 2. After that period, large number of second level execs depart nearly simultaneously an...
by staythecourse
Tue Oct 16, 2018 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Kids not interested in money / allowance
Replies: 50
Views: 4885

Re: Kids not interested in money / allowance

She is endlessly broke and always needs more money. Same parents, totally different kids. What can you do? Thanks for the example. I highlighted the above, because from all the observations I have seen there seems to be a HUGE variations in how kids turn out despite what type of "nurturing" environ...
by staythecourse
Mon Oct 15, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Kids not interested in money / allowance
Replies: 50
Views: 4885

Re: Kids not interested in money / allowance

She is endlessly broke and always needs more money. Same parents, totally different kids. What can you do? Thanks for the example. I highlighted the above, because from all the observations I have seen there seems to be a HUGE variations in how kids turn out despite what type of "nurturing" environ...
by staythecourse
Mon Oct 15, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Kids and Money
Replies: 38
Views: 1776

Re: Kids and Money

Congratulations on your upcoming baby! This is more of a parenting question than a financial question. Your unborn child's first jobs will be controlling their neck, crawling, walking, talking. S/he will work hard at this, with your encouragement and teaching. S/he will continue to work to work upo...
by staythecourse
Mon Oct 15, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Kids and Money
Replies: 38
Views: 1776

Re: Kids and Money

My kids, I raise as if they have no money. I don't think I have ever bought either of them a present their whole life that include holidays and their birthday. Now neither ever asks about material objects including toys. You've never purchased a single present for your kids for their entire lives? ...