Search found 4908 matches

by staythecourse
Fri Nov 17, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help for semi retired friend with 8 figure savings
Replies: 59
Views: 3411

Re: Help for semi retired friend with 8 figure savings

I'm sure there's great advisors out there. But without the knowledge to discern a good one from a bad one that seems like a big gamble. If you know enough to tell the difference, you can probably DIY (with help from Bogleheads ). That really is the crux of the problem. When you educate yourself eno...
by staythecourse
Fri Nov 17, 2017 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Help for semi retired friend with 8 figure savings
Replies: 59
Views: 3411

Re: Help for semi retired friend with 8 figure savings

There is also maybe a degree of overconfidence in predicting the market. I think that is a large reason. Folks who are rich are usually self made business owners. They did it by taking on HUGE risks that paid off. They just assume they can analyze the winners better then everyone else since they ha...
by staythecourse
Fri Nov 17, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Upgrading a flight - what are your rules?
Replies: 33
Views: 2712

Re: Upgrading a flight - what are your rules?

Call me a cheapskate, but I've never done it. I would even say I'd never do it, but there is that rule - never say never (at least for the future)! Unfortunately, I'm the same. I am not sure why, but can never justify the higher cost for comfort. I always think, "Oh I can save x dollars for somethi...
by staythecourse
Fri Nov 17, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Help for semi retired friend with 8 figure savings
Replies: 59
Views: 3411

Re: Help for semi retired friend with 8 figure savings

There is also maybe a degree of overconfidence in predicting the market. I think that is a large reason. Folks who are rich are usually self made business owners. They did it by taking on HUGE risks that paid off. They just assume they can analyze the winners better then everyone else since they ha...
by staythecourse
Thu Nov 16, 2017 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Help for semi retired friend with 8 figure savings
Replies: 59
Views: 3411

Re: Help for semi retired friend with 8 figure savings

Personally, we should be asking him for help. It is great to be a bogleheads, but would rather have 30+million and get fleeced a few million every year by a FA then be a bogleheads and worry abut 20 base points in ER. My advice, a good accountant, good estate lawyer, and any reasonable plan will do...
by staythecourse
Thu Nov 16, 2017 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Help for semi retired friend with 8 figure savings
Replies: 59
Views: 3411

Re: Help for semi retired friend with 8 figure savings

Personally, we should be asking him for help. It is great to be a bogleheads, but would rather have 30+million and get fleeced a few million every year by a FA then be a bogleheads and worry abut 20 base points in ER. My advice, a good accountant, good estate lawyer, and any reasonable plan will do....
by staythecourse
Wed Nov 15, 2017 9:20 pm
Forum: Investing - Theory, News & General
Topic: Battle of index funds- 3 against 1
Replies: 14
Views: 1741

Re: Battle of index funds- 3 against 1

I have no problem with 100% TSM, but it is a "bet" of sorts on LCB as it will do what SP500 or DJ does. staythecourse: The investment industry would like us to believe that Total Stock Market Index Fund (TSM) is a "bet of sorts" on Large Cap Blend (LCB) stocks so they can sell us additional funds. ...
by staythecourse
Wed Nov 15, 2017 9:05 pm
Forum: Personal Consumer Issues
Topic: early retirement, attending university, funded by 529
Replies: 3
Views: 386

Re: early retirement, attending university, funded by 529

I don't think 529 plans cover all international universities. I believe that 529 plans cover foreign universities that are affiliated with U.S. universities such as "junior year abroad" programs. I think that the Department of Education has a list of U.S. educational institutions & foreign universi...
by staythecourse
Wed Nov 15, 2017 4:24 pm
Forum: Investing - Theory, News & General
Topic: Battle of index funds- 3 against 1
Replies: 14
Views: 1741

Re: Battle of index funds- 3 against 1

I would agree with Taylor that cherry picking makes a difference in proving WHATEVER one wants. Interestingly, I am not sure that supports going with 100% TSM since 70% of it is LCB. If different asset classes do well at different time periods (as shown from the authors starting 18 year period and T...
by staythecourse
Sun Nov 12, 2017 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a home mortgage without spouse?
Replies: 43
Views: 2549

Re: Getting a home mortgage without spouse?

Just a heads up the FICO score you are getting is likely NOT the same scores the mortgage lenders use. They use different scoring systems. I went through the process when we built a house a couple of years ago and the scoring system they use is different (usually lower scores then you would think). ...
by staythecourse
Sun Nov 12, 2017 9:28 am
Forum: Personal Consumer Issues
Topic: Unnecessary Corporate Meetings
Replies: 25
Views: 1830

Re: Unnecessary Corporate Meetings

maybe your company leaders never heard of Jeff Bezos' two pizza rule: The more people there are, the less productive most meetings will be. The idea is that most attendees will end up agreeing with each other instead of voicing their own opinions and ideas. Amazon's Jeff Bezos has a solution for th...
by staythecourse
Sat Nov 11, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a deceased relative from long distance
Replies: 12
Views: 1384

Re: How to deal with a deceased relative from long distance

I don't understand "Technically, the responsibility falls to me." Has she indicated that you are her executor? You need not accept the position. In any event, to put an end to feelings of dread it might be useful to make it clear to her that you cannot and will not be able to tend to her affairs in...
by staythecourse
Sat Nov 11, 2017 6:27 pm
Forum: Personal Consumer Issues
Topic: Swedish Death Cleaning [De-clutter your home]
Replies: 60
Views: 6145

Re: Swedish Death Cleaning

The truth of the matter is that once you die no one cares about your stuff. Your relatives may go through it, they may save it. But, no one will really look at it too much, if ever, after the initial assessment. Pictures seem to be at the forefront of saving. No one cares. You can see that easily b...
by staythecourse
Sat Nov 11, 2017 6:11 pm
Forum: Investing - Theory, News & General
Topic: Should you own only non-U.S. stocks?
Replies: 56
Views: 5431

Re: Should you own only non-U.S. stocks?

Well that is just idiotic.

One can do whatever they want, but how could you exclude almost 50% of the equity in the WORLD and still say you are diversified? That makes no sense. Of course, I would say the same to an investor who is 100% U.S. so guess at least I am consistent. :D

Good luck.
by staythecourse
Fri Nov 10, 2017 7:44 pm
Forum: Personal Consumer Issues
Topic: Thoughts about wearing a "uniform"/same thing everyday?
Replies: 120
Views: 7086

Re: Thouhgts about wearing a "uniform"/same thing everyday?

What I do is wear the same combo each day of the week. Same color dress shirt with same color dress pant. Then I just wear a different neck tie. That makes it easy to figure out what to wear each day (I already know in advance), but a bit different (neck tie).

Maybe try that.

Good luck.
by staythecourse
Fri Nov 10, 2017 7:13 pm
Forum: Investing - Theory, News & General
Topic: Yay, my question was answered by Jack
Replies: 40
Views: 3626

Re: Yay, my question was answered by Jack

No offense, but don't know why it would make you sleep less? If you add your SS as fixed income you are overweighted to fixed income as opposed to holding balanced fund alone. So that means you would have LESS volatility. So, of course, you should sleep well on a risk level as opposed to the previou...
by staythecourse
Fri Nov 10, 2017 12:04 pm
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 260
Views: 34915

Re: Selling all equities, discuss why I'm wrong. :)

Global portfolio: 36% equities. That's old data. The numbers, more recent of 2016, is more like 45% equity (why I said more 50/50%). Either way it stands 0% vs. 36% (old numbers) or 45% (current numbers) are VERY different. No different then another being 80/20 on the other side. Point being do wha...
by staythecourse
Fri Nov 10, 2017 11:17 am
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 260
Views: 34915

Re: Selling all equities, discuss why I'm wrong. :)

For people who invest, I'd say the level of least knowing is the Sharpe way, allocating money to all global assets in their current market caps. (i.e. ~70% fixed income etc) Most people on bogleheads feel that they know more, that stocks outperform bonds in the long run, so they increase their allo...
by staythecourse
Fri Nov 10, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Medical Costs -- Procedure vs. Office Visit
Replies: 7
Views: 394

Re: Medical Costs -- Procedure vs. Office Visit

Here is the basics: If one is seeing the doc and you are giving a history and having a PHYSICAL exam (touching you with hands) and based on that is coming up with an idea of what the problem is and starting some plan to treat that is billed under a: E/M code (evaluation and management). Those are t...
by staythecourse
Fri Nov 10, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Medical Costs -- Procedure vs. Office Visit
Replies: 7
Views: 394

Re: Medical Costs -- Procedure vs. Office Visit

Here is the basics: If one is seeing the doc and you are giving a history and having a PHYSICAL exam (touching you with hands) and based on that is coming up with an idea of what the problem is and starting some plan to treat that is billed under a: E/M code (evaluation and management). Those are th...
by staythecourse
Thu Nov 09, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 79
Views: 4249

Re: Interviewing at a former employer, should I give them my current salary when they ask?

I think you should answer based on how much you want this job. Do your research. If you really want the job give the low end of what you would REALISTICALLY make the jump for in switching jobs. If you don't care if it materializes into a job then I would ask for the high end. This is why one should ...
by staythecourse
Tue Nov 07, 2017 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Eye Doctor $30 to get your Rx? Is this normal?
Replies: 78
Views: 5220

Re: Eye Doctor $30 to get your Rx? Is this normal?

The Federal Trade Commission website https://www.consumer.ftc.gov/articles/0116-prescription-glasses-and-contact-lenses advises: "The FTC enforces the Eyeglass Rule and Contact Lens Rule, which give you the right to get a prescription from your eye doctor – whether you ask for it or not – at no ext...
by staythecourse
Tue Nov 07, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 9298

Re: "$1 Million is Closer Than You Think"

Catchy yes, but too distracting. After seeing the advertisement I remember the graphics more then the message. Not useful. Good luck. They don't care if you remember the surface message, but they want you to remember the deep message "Vanguard is cool and, with their help, you can do it!" I think t...
by staythecourse
Tue Nov 07, 2017 12:10 pm
Forum: Personal Consumer Issues
Topic: Fair Price for a Kitchen Remodel
Replies: 34
Views: 2906

Re: Fair Price for a Kitchen Remodel

This is a simple rule of thumb on how to deal with financial situations you don't understand. Go and get multiple (at least 3, but for big projects 5) different bids. Have all your decisions and selections done in advance. That will get you a true apples to apples comparison. If you haven't decided ...
by staythecourse
Tue Nov 07, 2017 10:11 am
Forum: Investing - Theory, News & General
Topic: Does Blackrock think it's all a game?
Replies: 33
Views: 4707

Re: Does Blackrock think it's all a game?

Shouldn't the question first be do you want to spend the money to attract the millennials? Do they have that much money?? I wouldn't waste my time. I would spend my time on middle age families (peak earning years), baby boomers, and old folks. In then next 20-30 years you will likely see the larges...
by staythecourse
Tue Nov 07, 2017 9:58 am
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 9298

Re: "$1 Million is Closer Than You Think"

fantasytensai wrote:
Tue Nov 07, 2017 9:53 am

You know how to make $1 million bucks? Learn graphic design and design that webpage for Vanguard. It was really catchy!
Catchy yes, but too distracting. After seeing the advertisement I remember the graphics more then the message. Not useful.

Good luck.
by staythecourse
Tue Nov 07, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 9298

Re: "$1 Million is Closer Than You Think"

I like what they are trying to do, but wonder if it will get the job done. Personally, the best way to get folks to invest is simply make a law where investing in your 401k is automatic unless you opt out. I believe when the started offering that option 401k enrollment went up considerably. The best...
by staythecourse
Mon Nov 06, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 12754

Re: Why make more money?

There are plenty of reasons to work and plenty of reasons not to work and they don't always have to do with making $$$. If you like what you do, but don't see the reason to work so much as you don't need the money at the rate you are accumulating then try cutting down part time. This way you still w...
by staythecourse
Sun Nov 05, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Is 15,000 new gift tax limit=Higher 529 contribution?
Replies: 6
Views: 846

Re: Is 15,000 new gift tax limit=Higher 529 contribution?

Many people limit their contributions to the annual gift tax exclusion amount ($15k for 2018) so that they don't have to file gift tax returns. But you can give more as long as you don't mind filing tax returns. I am thinking that is correct. There is NO limit to how much one can contribute to a 52...
by staythecourse
Sun Nov 05, 2017 8:09 pm
Forum: Investing - Theory, News & General
Topic: Does Blackrock think it's all a game?
Replies: 33
Views: 4707

Re: Does Blackrock think it's all a game?

Shouldn't the question first be do you want to spend the money to attract the millennials? Do they have that much money?? I wouldn't waste my time. I would spend my time on middle age families (peak earning years), baby boomers, and old folks. In then next 20-30 years you will likely see the largest...
by staythecourse
Sun Nov 05, 2017 12:37 pm
Forum: Investing - Theory, News & General
Topic: Leading indicators [published] from the FED
Replies: 17
Views: 1092

Re: Leading indicators [published] from the FED

Stock market crashes begin with little dips, but a little dip doesn't predict a stock market crash. The same is true here. I am just using my eyeball here, but there is nothing special at the end of the chart that didn't happen several times before, without anything too bad happening most of the pr...
by staythecourse
Sun Nov 05, 2017 12:28 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads philosophy invades the NFL
Replies: 7
Views: 952

Re: Bogleheads philosophy invades the NFL

Great quote from the linked article: "Is a car that costs $30,000 really going to make you that much happier than a car that costs $20,000? Or would you be happier saving that money so you can one day be financially free?" That I think encapsulates the thinking of many mature investors. The ability ...
by staythecourse
Sat Nov 04, 2017 2:28 pm
Forum: Investing - Theory, News & General
Topic: "Probably the World's Best Investment Forum"
Replies: 34
Views: 4704

Re: "PROBABLY THE WORLD'S BEST INVESTMENT FORUM"

I am a critical person, but there is NO DOUBT this is the best investment forum that exists. A lot of that has to do with the intelligent and wide spread talents of many of the contributors on the site. Honestly, I feel like you could ask ANY question in the world (finance or otherwise) and get a gr...
by staythecourse
Sat Nov 04, 2017 1:13 pm
Forum: Investing - Theory, News & General
Topic: Leading indicators [published] from the FED
Replies: 17
Views: 1092

Re: Leading indicators [published] from the FED

Too much information is worse then too little information. I think that applies here. Unless there is data that has been analyzed and shown to have high correlation (>0.7) to predicting stock market changes then I don't know why anyone would care about its use when it comes to investing. Who cares i...
by staythecourse
Sat Nov 04, 2017 11:37 am
Forum: Personal Consumer Issues
Topic: Auto Injury / Chiropractor?
Replies: 26
Views: 646

Re: Auto Injury / Chiropractor?

[Osteopathic physicians are also more likely to engage in other fraudulent treatments like chelation therapy. I don't think that is fair or accurate. I trained with some great D.O.'s and have trained with some terrible M.D.'s in residency. I would say the training is the most meaningful. I trained ...
by staythecourse
Sat Nov 04, 2017 9:39 am
Forum: Personal Consumer Issues
Topic: Auto Injury / Chiropractor?
Replies: 26
Views: 646

Re: Auto Injury / Chiropractor?

Second, since he is listed as a provider on your medical insurance, I would contact them and ask for their assistance. Not completely true. If it is a PI or workers comp. case the insurance will coordinate and try to get the other payers to pay. Heck, they even send out computer generated questiona...
by staythecourse
Sat Nov 04, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: This is why I'm glad I started investing at 23
Replies: 27
Views: 4606

Re: This is why I'm glad I started investing at 23

You can be a top worker/producer and not advance or receive a large raise. It's a very real thing. I work in a large local government and have found this rings true there. There are no unscheduled raises, but in regards to promotions. We have workloads mandated by policy. There are workers who are ...
by staythecourse
Sat Nov 04, 2017 9:23 am
Forum: Personal Consumer Issues
Topic: Auto Injury / Chiropractor?
Replies: 26
Views: 646

Re: Auto Injury / Chiropractor?

See a personal injury lawyer and a MD--your health is priceless. I would be a bit cautious getting a personal injury lawyer right now. They really don't care about you getting better and are trying to get you (and them) the biggest settlement they can. Sort of the opposite of what a patient goal sh...
by staythecourse
Sat Nov 04, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: Auto Injury / Chiropractor?
Replies: 26
Views: 646

Re: Auto Injury / Chiropractor?

I would agree best to see an MD/ DO. Try a pain management doc. With prolonged neck pain when you did not have any prior to accident with such difficulty turning neck is not normal 2 months out. Time to get some imaging done since conservative care has failed. Go to a doc. Let him see, examine, and ...
by staythecourse
Fri Nov 03, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Please - How to Invest Business Income from Sale
Replies: 10
Views: 614

Re: Advice Please - How to Invest Business Income from Sale

Only thing I don't like about this is all funds are in taxable accounts and will likely be taxed at the 39+3.8% rate. So bond yields and MM interest will be hit very hard. Not sure how to avoid that without moving more into equities... Cheers Apologize for interrupting, but why not do Vanguard's li...
by staythecourse
Fri Nov 03, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Please - How to Invest Business Income from Sale
Replies: 10
Views: 614

Re: Advice Please - How to Invest Business Income from Sale

Only thing I don't like about this is all funds are in taxable accounts and will likely be taxed at the 39+3.8% rate. So bond yields and MM interest will be hit very hard. Not sure how to avoid that without moving more into equities... Cheers Apologize for interrupting, but why not do Vanguard's li...
by staythecourse
Fri Nov 03, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle
Replies: 10
Views: 1646

Re: Side Hustle

Is there something you already do professionally, or as a hobby or are interesting in or passionate about that you can reconfigure to generate an alternative income stream. Is there something you know a lot about or are trained in, or have a high expertise in? Start with what you know. :D Good advi...
by staythecourse
Thu Nov 02, 2017 2:25 pm
Forum: Investing - Theory, News & General
Topic: Expanding on The Rewards Of Multiple Asset Class Investing
Replies: 38
Views: 2583

Re: Expanding on The Rewards Of Multiple Asset Class Investing

Dave: Sorry to say but Gibson's chart is very misleading as a guide for investors. Let me explain. The chart circles four top performing portfolios. The one thing these four portfolios have in common is their allocation to commodities which did very well during the 1972-2009 period. Unfortunately, ...
by staythecourse
Thu Nov 02, 2017 12:06 pm
Forum: Investing - Theory, News & General
Topic: Expanding on The Rewards Of Multiple Asset Class Investing
Replies: 38
Views: 2583

Re: Expanding on The Rewards Of Multiple Asset Class Investing

Dave: Sorry to say but Gibson's chart is very misleading as a guide for investors. Let me explain. The chart circles four top performing portfolios. The one thing these four portfolios have in common is their allocation to commodities which did very well during the 1972-2009 period. Unfortunately, ...
by staythecourse
Wed Nov 01, 2017 8:50 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9340

Re: I'm fairly young but done with saving money

Congrats you did what I think is the hardest but best approach to investing. Save as much money as quickly as you can. Don't worry about asset allocation. Just get to 1 million as soon as possible. That gives you as many opportunities as you want. The next step, if I was you, is to discuss with spou...
by staythecourse
Tue Oct 31, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18392

Re: Early-retired 35 year old with $1 million

When I tested the waters of early retirement, of course it was great at first, but I started to feel that I was squandering my talents and missing the opportunity to self-actualize. There's a great quote by Charles Kingsley: "We act as though comfort and luxury were the chief requirements of life, ...
by staythecourse
Tue Oct 31, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18392

Re: Early-retired 35 year old with $1 million

When I tested the waters of early retirement, of course it was great at first, but I started to feel that I was squandering my talents and missing the opportunity to self-actualize. There's a great quote by Charles Kingsley: "We act as though comfort and luxury were the chief requirements of life, ...
by staythecourse
Mon Oct 30, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: My 401k is almost all cash now. 1/2 Mil
Replies: 89
Views: 8745

Re: My 401k is almost all cash now. 1/2 Mil

My honest advice is to do some reading. Then after doing the basic reading of investing then come on here and ask questions. Without a foundation to ANYTHING it is impossible to be successful. Here are some recs. Easy books: Jack Bogle's edition to the Little Book series (I believe new edition is ou...
by staythecourse
Sun Oct 29, 2017 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 8806

Re: we bought a house - are we housepoor now?

panchilly, 1) I had survived Houston Oil Bust, Texas Saving & Loan crisis, Asian Currency Crisis, Telecom bust, 2008/9 recession. 2) Once upon a time, at 30+, I was like you. I thought that my pay could only go up and keep up with the inflation. 3) Then, my pay plateau and stays stagnant over the l...
by staythecourse
Sun Oct 29, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 14886

Re: What was the main reason you retired?

My sister is an artist. She's doing what she loves, but she's broke. What sage advice do you have for her? I would say it was a decision that should have been better decided when she was in her youth. I have a little one and this comes up ALL the time in discussions with our friends who have kids a...