Search found 5248 matches

by Random Musings
Thu Dec 13, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp Interview Advice
Replies: 12
Views: 1570

Re: Megacorp Interview Advice

I've worked at a megacorp for 26 years. In my experience, interviews for internal postings are pure theater. Hiring decisions are made long before the interviews and the interviews are held for two reasons: to comply with company policy that interviews be held, and to shield the company from potent...
by Random Musings
Thu Dec 13, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: Is a New Car Okay if Driven 15+ Years?
Replies: 71
Views: 5330

Re: Is a New Car Okay if Driven 15+ Years?

I prefer to buy new cars and drive them into the ground. Typically about 200,000 to 230,000 miles and 10 to 12 years old when I give up the ghost. I would love to run one to 300,000 miles, but after a while, the maintenance costs start to ramp up and the payback isn't there. Plus, technology does ch...
by Random Musings
Wed Dec 12, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: VMVFX (Global Minimum Volatility) as core equity holding. Your opinion?
Replies: 89
Views: 3571

Re: VMVFX (Global Minimum Volatility) as core equity holding. Your opinion?

I will not use VMVFX as a "core" equity holding in my portfolio. I'm just going to keep it simple with equity funds (with not much tilt), bond funds, TIPs and CD's. I don't believe there are any magic elixirs out there when in comes to investing, perhaps a few high frequency trading groups that take...
by Random Musings
Wed Dec 12, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 3914

Re: Donate to homeless?

Donate to reputable charities. There are sites out there that help separate charities that are "scam-like" as well where most $ don't end up helping people they are supposed to help.

Plus, besides helping others, you may even get a tax benefit to boot.

RM
by Random Musings
Tue Dec 11, 2018 9:52 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 176
Views: 12952

Re: What Happened to you during the Financial crisis of 2007–2008

I lived my life. The markets are going to do what the markets are going to do.

Didn't change my AA.

RM
by Random Musings
Tue Dec 11, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 21535

Re: What percentage of your net worth is your home equity?

With the recent market correction, a little more.

RM
by Random Musings
Tue Dec 11, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: Fidelity Rep: Don't use target date because you can't time the market.
Replies: 19
Views: 2565

Re: Fidelity Rep: Don't use target date because you can't time the market.

Does this Fidelity advisor have a crystal ball that I don't have?

Or perhaps I just can't follow directions correctly.

RM
by Random Musings
Tue Dec 11, 2018 10:49 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Best Investment Science Books
Replies: 9
Views: 844

Re: Larry Swedroe: Best Investment Science Books

Of the Bernstein books listed, I enjoyed reading Four Pillars the most. His books are always an interesting read.

Expected Returns was also a good book as well.

I'll have to check out a few on the list I have not read yet.

RM
by Random Musings
Mon Dec 10, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: Article: Your love of index funds is terrible for our economy
Replies: 59
Views: 6256

Re: Article: Your love of index funds is terrible for our economy

What a bunch of horses***. Index funds are generally low cost and beat active funds, which means more money is going into the pockets of investors, rather than a smaller pool of people in the investment fund selling business. Lowers the distribution of wealth to the few - isn't that better for the e...
by Random Musings
Mon Dec 10, 2018 5:31 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8558
Views: 1674443

Re: U.S. stocks in freefall

If the markets would remain around current levels until the end of the year, market historians will look back at this year as a yawner. RM Even we will. Most people here seem to have already forgotten every other drop in the past 9 years and seem to think it's been one uninterrupted rise since 2009...
by Random Musings
Mon Dec 10, 2018 3:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8558
Views: 1674443

Re: U.S. stocks in freefall

If the markets would remain around current levels until the end of the year, market historians will look back at this year as a yawner.

RM
by Random Musings
Mon Dec 10, 2018 1:40 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2033
Views: 378514

Re: What are you up YTD? [Year To Date]

YTD as of Friday's close + 3.33%.

Currently 40/60

RM
by Random Musings
Mon Dec 10, 2018 9:25 am
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 109
Views: 7681

Re: To each his own ( I guess )

As long as you and your spouse are happy on your travels, that is all that matters. As mentioned before, there are so many great and varied sites to visit in the U.S. I would go back to Carlsbad, I remember, as a child, seeing the swarm of bats leave the cave around dusk. Amazing. Nothing wrong with...
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: 42
Views: 3105

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: 18505

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: 18505

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: 146
Views: 19011

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: 11975

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: 157
Views: 17200

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: 50
Views: 8467

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: 11892

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: 12487

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: 2893

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: 12487

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: 12487

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: 1519

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 free fall
Replies: 8558
Views: 1674443

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: 2878

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: 4481

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: 9074

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: 157
Views: 17200

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: 1846

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: 3562

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: 157
Views: 17200

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: 10097

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: 7172

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: 1927

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: 4046

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: 1740

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: 2743

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: 17956

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: 1566

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: 2743

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: 17956

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: 2737

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: 886

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: 1495

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: 5545

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