Search found 647 matches

by bradshaw1965
Fri Apr 20, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 8356

Re: NYT article: Everyone should hire a financial planner

Why do you need state of the art? There is real value in letting go of that requirement since investing results don't yield to the pursuit of expertise. It's fine if it's your hobby, or you have a complicated business or estate but the discussion is whether everyone should hire a financial planner....
by bradshaw1965
Fri Apr 20, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 8356

Re: NYT article: Everyone should hire a financial planner

The problem with being DIY is that you don't know what you don't know. You get into a emotional and cognitive bias that a 3rd party can help out. The state of the art moves forwards. We might debate if factor investing is worth it but there is always a new tax wrinkle to think about it. Why do you ...
by bradshaw1965
Fri Apr 20, 2018 2:08 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 8356

Re: NYT article: Everyone should hire a financial planner

The one consistent argument I hear for hiring a financial planner if you don't have complicated accounting or estate requirements is that they will act as a buffer for behavioral problems during difficult markets. The vast majority of these kind of folks could write a big check to their favorite cha...
by bradshaw1965
Tue Mar 27, 2018 4:31 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6428
Views: 1379176

Re: U.S. stocks in freefall

So, what's the excuse today for the huge swings? Up nearly 200 at one point and closes down 344. That's not normal , and I'm really beginning to wonder what type of games are being played.. Of course it is, what's not normal was last years up every calendar month from beginning to end with really l...
by bradshaw1965
Sun Mar 25, 2018 5:36 pm
Forum: Investing - Theory, News & General
Topic: Seasoned bogleheads repressing the thought of lower expected returns
Replies: 178
Views: 11886

Re: Seasoned bogleheads repressing the thought of lower expected returns

...KlangFool believes that everyone's AA should be between 25/75 and 75/25, largely due to his belief that our portfolios should be 'retirement ready' from an AA perspective all the time, regardless of the size of the portfolio. This is a rather unique perspective among BHs... 1) It's not unique. T...
by bradshaw1965
Sun Mar 25, 2018 12:22 pm
Forum: Personal Consumer Issues
Topic: New vs Used Camry vs Accord
Replies: 64
Views: 3729

Re: New vs Used Camry vs Accord

The Honda radio interface is also quite crappy and laggy. But it connects to my phone just fine (most of the time it’s a tad glitchy but it works 95% of the time.) One of the biggest upgrades of 2018 Accord was infotainment. I found the 2017 unusable but the 2018 is fast and responsive with real kn...
by bradshaw1965
Fri Mar 23, 2018 9:08 pm
Forum: Personal Consumer Issues
Topic: New vs Used Camry vs Accord
Replies: 64
Views: 3729

Re: New vs Used Camry vs Accord

I just bought a 2018 Honda Accord, I test drove the 2017 and thought the 2018 was much better put together. I think Toyota's reliability is likely to be higher over the lifetime of the car and buying the first year of a model change is probably rolling the dice even more but I can live with rolling ...
by bradshaw1965
Thu Mar 22, 2018 12:55 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Why Financial Trends Persist
Replies: 51
Views: 4458

Re: Larry Swedroe: Why Financial Trends Persist

Momentum is interesting because it's hard to put sound reasoning behind it like you can with value (investors demand a higher return from riskier assets). Still seems to hold up though at least as well as these things tend to hold up. I still think the individual investor would have a hard time stud...
by bradshaw1965
Thu Mar 08, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: Is Cash Trash? The Purpose of Cash
Replies: 178
Views: 17852

Re: Is Cash Trash? The Purpose of Cash

A little bit too much cash in checking because I don't want to pay fees, and they keep switching up the requirements, and why am I still at this awful mega-bank anyway. Years ago I read an article where Vanguard was sending survey's inquiring and polling responses if they created a bank. Could you ...
by bradshaw1965
Wed Mar 07, 2018 9:08 pm
Forum: Investing - Theory, News & General
Topic: Is Now the Time to Reduce Bond Duration?
Replies: 41
Views: 4386

Re: Is Now the Time to Reduce Bond Duration?

...A case can be made that the bond bull market, that began in 1982, ended in 2012... "In general, we have thought that this very long bull market in bonds must be somewhere near the end."--Sir John Templeton, 1993 And he was right for a year, 1994 was a terrible year for bonds, as for the interven...
by bradshaw1965
Wed Mar 07, 2018 4:35 pm
Forum: Investing - Theory, News & General
Topic: Is Cash Trash? The Purpose of Cash
Replies: 178
Views: 17852

Re: Is Cash Trash? The Purpose of Cash

A little bit too much cash in checking because I don't want to pay fees, and they keep switching up the requirements, and why am I still at this awful mega-bank anyway. Years ago I read an article where Vanguard was sending survey's inquiring and polling responses if they created a bank. Could you ...
by bradshaw1965
Wed Mar 07, 2018 2:53 pm
Forum: Investing - Theory, News & General
Topic: Is Cash Trash? The Purpose of Cash
Replies: 178
Views: 17852

Re: Is Cash Trash? The Purpose of Cash

A little bit of cash for a bug-out, lights-out, no ATM environment. A little bit too much cash in checking because I don't want to pay fees, and they keep switching up the requirements, and why am I still at this awful mega-bank anyway. A little bit too much cash because my spouse sometimes forgets ...
by bradshaw1965
Thu Mar 01, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: Boglehead contradiction, constant asset allocation is market timing
Replies: 100
Views: 8731

Re: Boglehead contradiction, constant asset allocation is market timing

Flexibility in thinking and approach is much more important then trying to thread the needle of what is and what isn't market timing. In the words ofCliff Asness "sin a little" if you aren't going to be completely chaste.
by bradshaw1965
Fri Feb 16, 2018 10:07 am
Forum: Personal Consumer Issues
Topic: Honda vs. Toyota: Which has more bang for the buck?
Replies: 119
Views: 10756

Re: Honda vs. Toyota: Which has more bang for the buck?

I think Toyota has pulled pretty far ahead of Honda as far as service and reliability. My wife's Fit has been mostly reliable but has had pretty significant HVAC issues and I recently purchased an Accord, so obviously I'm at least comfortable enough with Honda's reliability when I speak with my pock...
by bradshaw1965
Thu Feb 08, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: What the 1987 crash looked like 5 minutes by 5 minutes
Replies: 9
Views: 1351

Re: What the 1987 crash looked like 5 minutes by 5 minutes

Scott Nations has a really good account of the 1987 crash in his book A History of the United States in Five Crashes . In his account, a lot of the trading was about expecting liquidity in a suddenly risk-off market around portfolio insurance and some bad trading practices by a particular mutual fun...
by bradshaw1965
Fri Feb 02, 2018 7:23 pm
Forum: Investing - Theory, News & General
Topic: Ric Edelman: Vanguard, Other Bitcoin Deniers Will Eat Their Words
Replies: 47
Views: 6217

Re: Ric Edelman: Vanguard, Other Bitcoin Deniers Will Eat Their Words

I'm pretty sure Ric thinks he is never going to die so the latest line of techno-utopianism fits right in with that worldview.
by bradshaw1965
Fri Jan 26, 2018 7:39 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 24081

Re: 401k millionaires

I have three 401(k)s and not a single one has a million bucks in it. I guess I'm not a 401(k) millionaire. If I don't change jobs I could be there in a few years with one of them. Shouldn't take that long for a high earner with a 401(k)/PSP with a $55K limit. That was my reaction as well, not the d...
by bradshaw1965
Mon Jan 08, 2018 10:41 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 10089

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

Social support about topics where the poster feels like they would not be understood in other contexts is valuable in my opinion. Not sure how that would look from a forum terms perspective, a special subforum seems reasonable but depending on the entry point users may be unlikely to see subforum gr...
by bradshaw1965
Sun Jan 07, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 211
Views: 19815

Re: Memo to those who have won the game: it's time to quit playing

Still getting my head around retirement spending and asset allocation but much of this thread seems to split down the middle between liability matching thinking and efficient allocations for retirement income. The different strategies do seem to have a different psychological basis.
by bradshaw1965
Sun Jan 07, 2018 3:38 pm
Forum: Investing - Theory, News & General
Topic: "Reducing sequence risk using trend following and the CAPE ratio" by Clare et al.
Replies: 56
Views: 3920

Re: "Reducing sequence risk using trend following and the CAPE ratio" by Clare et al.

I think it's a nice dream but I don't think it's realistic. If Meb Faber was so good don't you think he would be retired now sitting at home trading the markets. You can call me very doubtful. Have you read his books or listened to the podcast? He's got a pretty sweet gig without being a trader. Pe...
by bradshaw1965
Sat Jan 06, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: What strategy do you use to reduce sequence of returns risk in retirement?
Replies: 117
Views: 8048

Re: What strategy do you use to reduce sequence of returns risk in retirement?

Two books that I would highly recommend: Living Off Your Money: The Modern Mechanics of Investing During Retirement with Stocks and Bonds by Michael H. McClung and How Much Can I Spend in Retirement? : A Guide To Investment - Based Retirement Income Strategies by Wade D Pfau. I am working through t...
by bradshaw1965
Wed Dec 20, 2017 9:19 am
Forum: Investing - Theory, News & General
Topic: Who missed out on maximizing 401k?
Replies: 62
Views: 6022

Re: Who missed out on maximizing 401k?

I was resigned to coming up short on catch up contributions due to general incompetence at the payroll service company but was happy to have my year end bonus dinged substantially since the snafus were sorted just in time.
by bradshaw1965
Fri Dec 15, 2017 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: What happened to Bridgeway???
Replies: 14
Views: 1585

Re: What happened to Bridgeway???

DUH!!! Kinda embarrassing given I actually know this. Thanks! Hadn't noticed it before in years past and I've owned it for almost 20 years. I just checked back to 2009, the day NAV drop was never greater than 10% and I reinvest dividends so I guess I just missed it. LOL, maybe I should watch my por...
by bradshaw1965
Sun Dec 03, 2017 10:20 am
Forum: Personal Consumer Issues
Topic: How to convince DW that high miles used car is OK
Replies: 106
Views: 7408

Re: How to convince DW that high miles used car is OK

Echo the sentiment above, we've pretty consistently had one high mileage local commuter car and one lower mileage car with more safety features which we use for road-trips that rotates out every few years. Each situation will vary obviously.
by bradshaw1965
Wed Nov 29, 2017 8:52 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 26616

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

People will often say that blockchain is the big deal here but trying to find any real use of the tech divorced from the coin frenzy is really difficult. I've tried to dip my toe into allied services but the volatility whipsaw makes it almost impossible.
by bradshaw1965
Tue Nov 07, 2017 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 240
Views: 27352

Re: How old are you and how much do you save for retirement a year

52 and 46

401K 42k + 6% match
HSA 6750
Roth 12k
Taxable 20k some of this will eventually be mid-term savings auto, etc.

Much easier since last kid is done with college.
by bradshaw1965
Sun Nov 05, 2017 8:41 pm
Forum: Investing - Theory, News & General
Topic: I-bond inflation irony?
Replies: 35
Views: 4131

Re: I-bond inflation irony?

Jack FFR1846 wrote:
Sun Nov 05, 2017 1:31 pm

Savings bonds are much easier to use as an emergency fund and/or to fund kids' college expenses.
Wrong to comment on proposed legislation but I really hope that we don't lose this since repeal is in the first rev of the new tax bill.
by bradshaw1965
Fri Sep 15, 2017 7:47 pm
Forum: Personal Consumer Issues
Topic: Audio books
Replies: 28
Views: 2073

Re: Audio books

You can "borrow" audio books from your public library. It usually involves downloading an app and then the library sends the book to your app and you can listen for a pre-determined amount of time and then the book is "returned' to the library and disappears from your phone +1 Many libraries also h...
by bradshaw1965
Thu Sep 14, 2017 8:13 pm
Forum: Personal Consumer Issues
Topic: The true cost of Luxury
Replies: 32
Views: 4234

Re: The true cost of Luxury

$1000 apple iPhone 10 Apple is a bit different from Madison Avenue luxury goods purveyors. They don't tout country of origin (everyone knows it's China), and the products are quite easy to buy. Non-enthusiasts are welcomed- even encouraged. I'm a long-time Apple fan and pretty disturbed by their mo...
by bradshaw1965
Thu Sep 14, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Best Lower Cost USA Cities to Live
Replies: 102
Views: 8867

Re: Best Lower Cost USA Cities to Live

Atlanta seemed really nice to me, especially if you still need to work. Houses are pretty cheap. You can find a very nice 4 bedroom house in a nice subdivision in the suburbs for about $450K and only about $5000 property taxes (more or less on these costs, depending on the town). The weather is not...
by bradshaw1965
Wed Sep 13, 2017 10:59 am
Forum: Personal Consumer Issues
Topic: Best Lower Cost USA Cities to Live
Replies: 102
Views: 8867

Re: Best Lower Cost USA Cities to Live

I have been looking at Chattanooga area lately due to reasonably better (better than Midwest) climate year-round, low cost of living and housing and no state income taxes. They are also phasing out taxes on dividend and interest income. You'll have to do the research on being a resident but Chattan...
by bradshaw1965
Wed Sep 13, 2017 9:43 am
Forum: Personal Consumer Issues
Topic: Best Lower Cost USA Cities to Live
Replies: 102
Views: 8867

Re: Best Lower Cost USA Cities to Live

Shhhh, as soon as the word gets out they are no longer best or lower cost, see my former towns of Austin and Asheville.
by bradshaw1965
Thu Sep 07, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: Good Article on Retirement Investing and Withdrawals
Replies: 7
Views: 1606

Re: Good Article on Retirement Investing and Withdrawals

Saw a good article on retirement investing and withdrawals on CNN.com this morning. Offering it to others for it's perspective. "A Simple but Effective Retirement Income Plan" http://money.cnn.com/2017/09/06/retirement/retirement-income-plan/index.html?iid=hp-stack-dom Cheers, Ray The article is OK...
by bradshaw1965
Fri Sep 01, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 41758

Re: Michael Kitces 4% rule podcast on Madfientist

An early retiree interested in a side gig may be able to make $10k-$20k for a few years, but that income should not be extrapolated to the entire length of one's retirement. As one gets weaker, physically or mentally, doing a gig becomes infeasible. It's fun to be a bartender at the age of 60, less...
by bradshaw1965
Fri Sep 01, 2017 6:37 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 41758

Re: Michael Kitces 4% rule podcast on Madfientist

In your example, if the retirement portfolio is invested in the typical 60/40 fashion and the market drops 50%, and stays there, even 3% in required distributions can become catastrophic. As a safer approach, Bill Bernstein divides retirement assets into Liability Matching Portfolio (LMP) and Risk ...
by bradshaw1965
Tue Aug 29, 2017 2:39 pm
Forum: Investing - Theory, News & General
Topic: Rob Arnott: Dump US stocks buy EM
Replies: 65
Views: 6947

Re: Rob Arnott: Dump US stocks buy EM

As far as accessing the article behind a paywall, most publishers have decided that a Google search is not an effective revenue generator so searching for the title in search is not useful, but searching social networks such as Twitter and Facebook seem to be in the publishers plans. YMMV.
by bradshaw1965
Tue Aug 29, 2017 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Article on Savings - Are BHs the 1% ?
Replies: 23
Views: 4168

Re: Article on Savings - Are BHs the 1% ?

Another reason to call BS on the article....I thought about 10% of families were one million dollars net worth. Of course, a lot of folks have money tied up in house equity, but we are supposed to believe that 10% of families have $1M in retirement+investments+house and only 1% have $1M in retireme...
by bradshaw1965
Thu Aug 24, 2017 7:51 pm
Forum: Personal Consumer Issues
Topic: Eclipse Traffic: predictions vs reality?
Replies: 64
Views: 5932

Re: Eclipse Traffic: predictions vs reality?

2 hour drive up to Lake Rabun, Ga from Atlanta day before, 4 hour drive back day of. I just treat it like a 2 hour long Disneyland ride line but with a much better pay off (for me anyway).
by bradshaw1965
Thu Aug 24, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Retirement anxiety- emotionally and financially
Replies: 55
Views: 7503

Re: Retirement anxiety- emotionally and financially

It depends on how the OP and his wife have acquired their $2.8m. Victoria That makes sense. I'm really asking a general SS question, for prospective early retirees it seems like getting to the second bend point is more important then the 35 years? Just getting started in even considering SS so I co...
by bradshaw1965
Thu Aug 24, 2017 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Retirement anxiety- emotionally and financially
Replies: 55
Views: 7503

Re: Retirement anxiety- emotionally and financially

Furthermore, if the OP and his wife stopped working now, their Social Security would be lower than if they had 35 years of credits. Thus, they will have a larger gap between the Social Security and their needs. Trying to get my head around this. If you get to the second bend point with lifetime ear...
by bradshaw1965
Wed Aug 23, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"
Replies: 119
Views: 15879

Re: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"

It drives me crazy that Bill is in the thread answering questions and people are still talking past each other defending their positions and talking over his perfectly reasonable responses. You should stay away from Reddit then :oops: Agreed. I'm a bit of a lurker in a couple of sub-reddits but the...
by bradshaw1965
Wed Aug 23, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"
Replies: 119
Views: 15879

Re: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"

It drives me crazy that Bill is in the thread answering questions and people are still talking past each other defending their positions and talking over his perfectly reasonable responses.
by bradshaw1965
Thu Aug 10, 2017 3:52 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 90
Views: 8021

Re: What Percentage CASH are you?

5%, mostly about my wife and I needing to talk about having a chunk go to taxable or a house project we've noodled around with.
by bradshaw1965
Sun Aug 06, 2017 7:25 pm
Forum: Investing - Theory, News & General
Topic: Study: Who Sold Stock During the 2008-9 Crash?
Replies: 85
Views: 8607

Re: Study: Who Sold Stock During the 2008-9 Crash?

I did tax loss harvesting but went a bit deer in the headlights with rebalancing in tax deferred accounts, market velocity really took me by surprise with 6-8% days not uncommon. Doing nothing was probably not the worst thing in the world.
by bradshaw1965
Sun Jul 30, 2017 2:43 pm
Forum: Investing - Theory, News & General
Topic: NYT Carl Richards "You’re No Coward if You’re Keeping Some Money Out of Stocks"
Replies: 42
Views: 5955

Re: NYT Carl Richards "You’re No Coward if You’re Keeping Some Money Out of Stocks"

I think he's trying to talk about entrepreneurial risk and balancing with safe assets rather then asset allocation. There is often an assumption that sort of like everybody has a novel somewhere in them that the same is true for a business idea. I'm not sure that's true, I've looked around at busine...
by bradshaw1965
Sun Jul 30, 2017 10:23 am
Forum: Personal Consumer Issues
Topic: NYT: Buy more takeout and hire a maid, study suggests
Replies: 36
Views: 6511

Re: NYT: Buy more takeout and hire a maid, study suggests

“People who spent money to buy themselves time, such as by outsourcing disliked tasks, reported greater overall life satisfaction".

Use your money to buy time seems to be perfectly reasonable advice. Don't get caught up in the weeds.
by bradshaw1965
Sat Jul 15, 2017 7:40 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein on Meb Faber's podcast
Replies: 54
Views: 8112

Re: William Bernstein on Meb Faber's podcast

Awesome. I love Bill Berstein... wish he'd write some more books :) Did he have anything new to say on the podcast? I hadn't heard him express that he uses a heuristic for identifying bubbles and not any specific calculations. Used Potter Stewart's, "I know it when I see it" and gave a handful of b...
by bradshaw1965
Thu Jul 13, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 13036

Re: Do you count vehicle equity in net worth?

I do, just because from my perspective that seems to fit the definition of net worth. I do question the usefulness of net worth as a metric but I have a relatively simple set of assets, I imagine it would be more difficult for people who predominately have illiquid assets in their net worth, real es...
by bradshaw1965
Tue Jul 04, 2017 10:23 am
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 225
Views: 39318

Re: What's the ideal safe retirement net worth target?

I am still trying to figure this out myself. I move my number up every time I get on this forum, it seems. I am definitely going to suffer from Terminal One More Year Syndrome. This is my number one complaint about Boglehead style retirement planning. It is very, very important to be prudent about ...
by bradshaw1965
Tue Jun 13, 2017 10:49 am
Forum: Investing - Theory, News & General
Topic: Bogle Doubles Down on US Index Funds
Replies: 118
Views: 18851

Re: Bogle Doubles Down on US Index Funds

“Every single person I think I have ever talked to tells me I am wrong in this,” Bogle said. “If you believe in the majority, you can just throw my opinion in the waste basket. But on the other hand, I was brought up in this business and I am saying ‘the crowd is always wrong.’” This quote by Mr Bo...