Search found 5235 matches

by Random Musings
Sun Dec 09, 2018 7:32 pm
Forum: Investing - Theory, News & General
Topic: Low need to take risk - decrease allocation to stocks?
Replies: 18
Views: 996

Re: Low need to take risk - decrease allocation to stocks?

(We may increase that to 50% should the current market weakness continue.) Thanks For the sake of simplicity, at what % loss in the S&P 500 will you pull the trigger and add 5% to your equity position? 20%, 30%, 50%? Or would you go even higher into equities at various larger percentage losses? Is ...
by Random Musings
Sun Dec 09, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18193

Re: Teachers Who Have Net Worth of $1 million +

Job security is lower. I guess we live in alternate universes. In PA, once a teacher has tenure, it is very difficult for the administration to remove them for poor performance. Much more job security than the private sector. Indeed. Also, i don't see that 60 hour work week either as describes abov...
by Random Musings
Sat Dec 08, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18193

Re: Teachers Who Have Net Worth of $1 million +

Teachers in many western PA schools do rather well. And if they want to, they can generate more income working in the summer. Almost all I know do not.

RM
by Random Musings
Sat Dec 08, 2018 9:48 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 120
Views: 16413

Re: Larry Swedroe: Be Prepared For Losses

When being prepared for losses on the equity side, the 50% loss number is tosses out quite a bit. However, what happens if we see 60 or 70%? Or "just " a 50% loss with pretty high inflation? I can see why the DFA income fund (I think that is the name) is so high in ST Tips. Preservation of assets wi...
by Random Musings
Fri Dec 07, 2018 11:20 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11791

Re: Why Retirement Is Broken And Needs To Be Reinvented

We can set our own course for the future, but it is a fools errand to try to force a course for someone else.

There should be opportunities for all people to be educated about personal finance, but once you lead a horse to water.....

Free will has consequences, both positive and negative.

RM
by Random Musings
Fri Dec 07, 2018 2:09 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 147
Views: 14960

Re: Best values at Costco? Honestly, a little disappointed...

I've been to Trader Joe's, Whole Foods, Fred Meyer and Safeway (not Grocery Outlet). Only smiles there and young people. For some odd reason, and I can't figure out why, old and unhappy people at these stores are quickly escorted by a smiling staff member to a shiny door with the words "Soylent Corp...
by Random Musings
Fri Dec 07, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: We Are Teetering on the Edge of A DEATH CROSS
Replies: 45
Views: 6865

Re: We Are Teetering on the Edge of A DEATH CROSS

Death Cross Analysis

Mixed bag. Ignore the asset allocation section.

RM
by Random Musings
Thu Dec 06, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 139
Views: 11765

Re: Who else is getting excited?

"No reason to get excited
The thief he kindly spoke
There are many here among us
Who feel that life is but a joke"

RM
by Random Musings
Wed Dec 05, 2018 11:35 pm
Forum: Investing - Theory, News & General
Topic: Barron's Making the Case for Gold
Replies: 153
Views: 12346

Re: Barron's Making the Case for Gold

"Gold is money, everything else is credit." J. Pierpont Morgan Gold is money plain and simple. The fact that it is on the balance sheet of every major central bank should end any argument equating gold to a simple commodity. The benefit of gold is not that it is just money but that it has no counte...
by Random Musings
Wed Dec 05, 2018 11:03 pm
Forum: Investing - Theory, News & General
Topic: Why buying homes with mortgages is good but buying stocks on margin is bad
Replies: 36
Views: 2873

Re: Why buying homes with mortgages is good but buying stocks on margin is bad

I don't think that mortgages are "good", but they serve a more useful purpose than buying stocks on margin. Most people can't afford to buy a home outright. Reality is, many people can't buy a car outright or pay for tuition. Saying that, i believe that lenders stretch too far with risky loans that ...
by Random Musings
Wed Dec 05, 2018 10:39 pm
Forum: Investing - Theory, News & General
Topic: Barron's Making the Case for Gold
Replies: 153
Views: 12346

Re: Barron's Making the Case for Gold

"Gold is money, everything else is credit." J. Pierpont Morgan Gold is money plain and simple. The fact that it is on the balance sheet of every major central bank should end any argument equating gold to a simple commodity. The benefit of gold is not that it is just money but that it has no counte...
by Random Musings
Wed Dec 05, 2018 10:19 pm
Forum: Investing - Theory, News & General
Topic: Barron's Making the Case for Gold
Replies: 153
Views: 12346

Re: Barron's Making the Case for Gold

I'll wait until Goldman Sachs makes a public investment announcement (that they do now and then) that it is time to purchase gold.

Then, I'll short it.

RM
by Random Musings
Wed Dec 05, 2018 7:59 pm
Forum: Investing - Theory, News & General
Topic: Morningstar forum gone?
Replies: 11
Views: 1515

Re: Morningstar forum gone?

It's their data. Perhaps they are moving to a more paying customer business model and this is the start. OTOH, if chrome is working perhaps there is a glitch or they have not gotten to that yet. Frankly, they provided provided a lot of free data and I saw no reason to pay for their service.

RM
by Random Musings
Tue Dec 04, 2018 10:50 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 8434
Views: 1661609

Re: U.S. stocks in freefall

There are definitely a good percentage of individual stocks in "free fall" mode, that is, in their own bear markets. But the indices are not there yet. The small caps are closer to beat market territory, than the large caps (which are back to getting closer to 10% correction territory). Would not be...
by Random Musings
Tue Dec 04, 2018 10:19 pm
Forum: Personal Consumer Issues
Topic: Travel now & work a bit longer, OR the other way around?
Replies: 38
Views: 2841

Re: Travel now & work a bit longer, OR the other way around?

Travel now and delay retirement by a little bit. Also, as people get older, physical limitations will limit the more strenuous undertakings (yes, there are always exceptions). So being the outdoors type, get those big trips in now!! The trade off makes sense. If you can trade for more "now" time, I ...
by Random Musings
Mon Dec 03, 2018 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Wife being sued after wreck
Replies: 21
Views: 4461

Re: Wife being sued after wreck

As mentioned, the insurance provider attorneys should be contacted and most likely, in this case, since the amount being asked is lower than coverage, that is all you will need to do. They have lots of data on expected payouts and most are settled before reaching a jury trial - perhaps an attorney c...
by Random Musings
Mon Dec 03, 2018 9:43 pm
Forum: Investing - Theory, News & General
Topic: Scott Burns is Signing Off -- He'll be missed
Replies: 31
Views: 9059

Re: Scott Burns is Signing Off -- He'll be missed

ShaunSCO wrote:
Mon Dec 03, 2018 2:59 pm
Good afternoon. I'm new to the forum (as of today), and thought you'd like to know that Scott Burns is back online at:

https://couchpotatoinvesting.com/
Always enjoy his articles. A voice of sanity in the jungled world of investing.

RM
by Random Musings
Mon Dec 03, 2018 7:59 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 147
Views: 14960

Re: Best values at Costco? Honestly, a little disappointed...

CostCo's florist service, and flower delivery, has worked very well for me. Prices are significantly lower than the big florists. The bouquets and vase arrangements are the most useful, but if you ever need 100 red roses, then $80 isn't a bad price. Forgot about that. Our parents love the large amo...
by Random Musings
Sun Dec 02, 2018 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Trying not to use the term timing, but...
Replies: 23
Views: 1841

Re: Trying not to use the term timing, but...

One of our esteemed contributors, Larry Swedroe, has stated that you should take your risks on the equity side. Plus, doing that would be more cost effective on an ER basis than using a higher 0.66% fund. Yes, you are thinking about market timing. If your willingness of risk is going to change all t...
by Random Musings
Sun Dec 02, 2018 8:00 pm
Forum: Investing - Theory, News & General
Topic: Edward Jones a Review and Analysis: Can Edward Jones be Used for a Boglehead Three Fund Portfolio?
Replies: 36
Views: 3546

Re: Edward Jones a Review and Analysis: Can Edward Jones be Used for a Boglehead Three Fund Portfolio?

I just can not see any rational reason to utilize Edward Jones as a steward of my money with better options available in the marketplace.

RM
by Random Musings
Sun Dec 02, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 147
Views: 14960

Re: Best values at Costco? Honestly, a little disappointed...

Not always the cheapest, Costco is a good place for us as it is five minutes from our home. Would not do it if an hour away. Good prices on glasses, hearing aids (for my Mom), free tire rotation is nice, extended warranty on electronics, rental car pricing, gasoline, toilet paper, paper towels, laun...
by Random Musings
Sat Dec 01, 2018 8:53 pm
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 117
Views: 9979

Re: Why is Costco gas so much cheaper

Currently, in the western Pa area where I live, Costco gas is 29 cents cheaper a gallon than the nearest competitor. Sam's Clib, which is far away, does match that price. Typically, the normal spread is between 3 and 10 cents. Not sure if the volatility in energy prices is causing this or not.

RM
by Random Musings
Fri Nov 30, 2018 11:18 pm
Forum: Investing - Theory, News & General
Topic: "The Steak Dinner Annuity Pitch"
Replies: 60
Views: 7143

Re: "The Steak Dinner Annuity Pitch"

I throw that type of junk mail in the trash. No free dinner is worth wasting my time driving to and listening to a sales pitch that I have no interest in. Far better to enjoy an adult beverage, hit the BH site, and keep abreast on a variety of financial topics.

RM
by Random Musings
Fri Nov 30, 2018 11:04 pm
Forum: Investing - Theory, News & General
Topic: TIAA: compensation of Wealth Management Advisor
Replies: 19
Views: 1920

Re: TIAA: compensation of Wealth Management Advisor

Every time I heard the words "Wealth Management", it makes me laugh.

Then, I turn around and run away.....

RM
by Random Musings
Fri Nov 30, 2018 10:41 pm
Forum: Personal Consumer Issues
Topic: ‘01 Honda Odyssey: won’t start, needs $2700 repair. Junk it or fix?
Replies: 65
Views: 4032

Re: ‘01 Honda Odyssey: won’t start, needs $2700 repair. Junk it or fix?

Grok,

Get a second opinion on your vehicle and then come back with your findings.

Regards,

RM
by Random Musings
Fri Nov 30, 2018 9:22 am
Forum: Investing - Theory, News & General
Topic: TSP Lifecycle funds getting less conservative
Replies: 16
Views: 1728

Re: TSP Lifecycle funds getting less conservative

In addition to improving investment outcomes , this pause will align the L 2030, L 2040, and L 2050 Funds with the L 2060 Fund, which will be introduced in 2020 with an initial stock allocation of 99%. Almost sounds like a guarantee. For the long-term, I will go with that, but over a 10-yr period o...
by Random Musings
Thu Nov 29, 2018 8:20 pm
Forum: Personal Consumer Issues
Topic: Remodeling - tipping?
Replies: 56
Views: 2718

Re: Remodeling - tipping?

Why do Americans feel they have to tip everyone for everything, what do we feel guilty of? Most trades people makes a good income. When we did our 2 remodeling, we offered cold soda & water and lunch once in a while. Offering water or a beverage is something I always have done. That's being courteo...
by Random Musings
Thu Nov 29, 2018 5:04 pm
Forum: Investing - Theory, News & General
Topic: Bogle Sounds a Warning on Index Funds
Replies: 103
Views: 17795

Re: Bogle Sounds a Warning on Index Funds

So let's be draconian and say the one fund company owns all equities, hence the complete total stock market. Almost sounds like public went private. Until they want to go public again and sell to the "outside". RM Well except for the fact that the mutual fund companies don't own anything, the indiv...
by Random Musings
Thu Nov 29, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: Total Stock Market and Mega Cap Risk
Replies: 15
Views: 1563

Re: Total Stock Market and Mega Cap Risk

There is also small cap risk as well. Hence, the continued debate and why some people on this board buy the market, while others tilt heavily, and others fall in between.

There are many roads to Dublin. There are also no guarantees.

RM
by Random Musings
Thu Nov 29, 2018 4:19 pm
Forum: Personal Consumer Issues
Topic: Remodeling - tipping?
Replies: 56
Views: 2718

Re: Remodeling - tipping?

Providing references (if they did a good job) will provide them more value (and $) than a tip. Next thing, people will start tipping homebuilders. How about your car salesmen? Maybe your plumber? How about bus drivers? This is insane. Pure guilt trip. I'd rather give that money to my children than t...
by Random Musings
Thu Nov 29, 2018 12:13 pm
Forum: Investing - Theory, News & General
Topic: Bogle Sounds a Warning on Index Funds
Replies: 103
Views: 17795

Re: Bogle Sounds a Warning on Index Funds

So let's be draconian and say the one fund company owns all equities, hence the complete total stock market.

Almost sounds like public went private. Until they want to go public again and sell to the "outside".

RM
by Random Musings
Thu Nov 29, 2018 11:44 am
Forum: Investing - Theory, News & General
Topic: Do Fidelity Offices/Advisors Add Value?
Replies: 44
Views: 2724

Re: Do Fidelity Offices/Advisors Add Value?

The risk of using a Fidelity Advisor vs. a Vanguard one generally rises if the investor is less knowledgeable. With Vanguard, clients are charged 0.3% and put into diversified low cost funds. With Fidelity, the less knowledgeable are more likely to be placed into a large clump of overlapping funds, ...
by Random Musings
Thu Nov 29, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Newsletter recommending inverse ETF for 2019
Replies: 16
Views: 880

Re: Newsletter recommending inverse ETF for 2019

Bogleheads: My Dad subscribes to an investment newsletter that typically has its subscribers invested in a very reasonable lineup of ETFs, with a varying amount of cash set aside based on their perception of market conditions. A degree of market timing, but nothing wildly offensive so far... until....
by Random Musings
Wed Nov 28, 2018 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Employer switching 401k provider,how to plea for in-service rollover
Replies: 17
Views: 1490

Re: Employer switching 401k provider,how to plea for in-service rollover

Why are you so desperate to get your money out of the 401k? (I'm basing this on your choice of the word "plea".) Are you aware of the advantages 401ks have over IRAs? If it's about expense ratios, the lawsuit protection of 401ks is worth the extra expense in my opinion unless it's something egregio...
by Random Musings
Tue Nov 27, 2018 10:57 pm
Forum: Investing - Theory, News & General
Topic: First Crypto ETF Index Fund launched!!! $HODL
Replies: 67
Views: 5521

Re: First Crypto ETF Index Fund launched!!! $HODL

Under what asset class does this fall under?

None.

Is this the final marketing push to make it more accessible to a larger group of suckers?

RM
by Random Musings
Tue Nov 27, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Employer switching 401k provider,how to plea for in-service rollover
Replies: 17
Views: 1490

Re: Employer switching 401k provider,how to plea for in-service rollover

The fund costs typically are a function of total assets that Principal is getting (and new anticipated cash flows/disbursements) as well as how ones management team negotiates with Principal (and also picks reasonable fund choices). My company uses them, the index funds are 0.10% and a lot of other ...
by Random Musings
Tue Nov 27, 2018 10:01 pm
Forum: Personal Consumer Issues
Topic: Tipping lawn service and trash pickup
Replies: 48
Views: 4117

Re: Tipping lawn service and trash pickup

I agree that tipping has got out of control. I'm waiting for the restaurant industry to start pushing 25% for a standard tip. Like any consumer, we prefer a consistent quality of service and that should fall under the responsibility of a business/ownership. The quality of their business, which inclu...
by Random Musings
Tue Nov 27, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Best budget spreadsheet?
Replies: 17
Views: 1834

Re: Best budget spreadsheet?

I did a budget & kept track of detail expenses on a spreadsheet for a year but then came to the realization that it took a bunch of time to input the data in and didn't affect my spending habits since I am a reasonable saver. There are always lumpy times to spend money over a year, school tax time, ...
by Random Musings
Tue Nov 27, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads Greatest Hits
Replies: 27
Views: 3637

Re: Bogleheads Greatest Hits

This quote from Mark Twain has been used by a variety of posters on this board: “October: This is one of the particularly dangerous months to invest in stocks. Other dangerous months are July, January, September, April, November, May, March, June, December, August and February.” And here is a financ...
by Random Musings
Mon Nov 26, 2018 7:10 pm
Forum: Investing - Theory, News & General
Topic: Worst investing year ever....
Replies: 73
Views: 11162

Re: Worst investing year ever....

i guess it was the worst investing year ever if you were betting on this particular metric. Which no one does. I consider this financial "light" porn.

Plus, we still have another month to go anyway !!

RM
by Random Musings
Mon Nov 26, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Heavy Cash Position
Replies: 18
Views: 3098

Re: Advice on Heavy Cash Position

Remember, debt is a negative bond. I would start paying off the highest interest rate debt first.

RM
by Random Musings
Sun Nov 25, 2018 11:23 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 444
Views: 54335

Re: Name something you had to have and now you regret purchasing it?

The iphone, the iphone3G, the iphone3GS. the iphone4, the iphone4s, the iphone5, the iphone5c.....

That, and shorting AAPL.

RM
by Random Musings
Sun Nov 25, 2018 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Borrowers Are Tapping Their Homes for Cash, Even as Rates Rise
Replies: 14
Views: 2522

Re: Borrowers Are Tapping Their Homes for Cash, Even as Rates Rise

No different than investors, margin debt reached a new all-time high earlier this year, but has declined during the current correction.

Will investor animal spirits get back on the margin train or continue to get out?

RM
by Random Musings
Sun Nov 25, 2018 9:45 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Contest: History of predictions.
Replies: 6
Views: 784

Re: Boglehead Contest: History of predictions.

Same for me as well. I guess at least the three of us are in "double secret probation" on the BH site.

RM
by Random Musings
Sun Nov 25, 2018 9:39 am
Forum: Personal Consumer Issues
Topic: Most secure bank
Replies: 23
Views: 1750

Re: Most secure bank

I would never use Wells Fargo for a variety of reasons, including ones mentioned above. But I would not use any of those too big to fail banks anyway.

Never go above the FDIC.

RM
by Random Musings
Sun Nov 25, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: Unsatisfactory Hotel Experience
Replies: 27
Views: 2926

Re: Unsatisfactory Hotel Experience

Yes, you should complain. The leaky faucet is unacceptable, but that's something I would have complained about immediately. There is no reason (except for rare emergencies) for no one to be around at the check in counter or that another iron could not have been sent up unless staffing was very lean ...
by Random Musings
Sat Nov 24, 2018 9:55 pm
Forum: Personal Consumer Issues
Topic: Car advice - new attending - what to buy?
Replies: 37
Views: 3733

Re: Car advice - new attending - what to buy?

Car safety and reliability are the two most important factors I look at in a car. Comfort is also important.

RM
by Random Musings
Sat Nov 24, 2018 9:49 pm
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 119
Views: 7023

Re: What is your allocation to U.S. and International?

For a while, I have been 30% too high on my international exposure on the equity side.

RM