Search found 117 matches

by af895
Wed May 15, 2013 1:16 pm
Forum: Personal Consumer Issues
Topic: Method of Selecting: What Book are you reading now?
Replies: 32
Views: 3512

Re: Method of Selecting: What Book are you reading now?

I don't read much fiction but of the non-fiction I read, I start with books that are cited in books I'm currently reading. I also look for reading lists of authors of those books. (William Bernstein etc). I started a thread over on the Canadian counterpart to Bogleheads and asked the good folks ther...
by af895
Thu May 09, 2013 11:58 am
Forum: Investing - Theory, News & General
Topic: "Less volatility = more wealth, all else being equal"
Replies: 49
Views: 5566

Re: "Less volatility = more wealth, all else being equal"

We got into this rather heavily over on Bogleheads' Canadian counterpart forum, The Financial Webring:

http://www.financialwebring.org/forum/v ... 9&t=115906
by af895
Thu May 09, 2013 9:32 am
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY BIRTHDAY MR. JOHN BOGLE
Replies: 32
Views: 3357

Re: HAPPY BIRTHDAY MR. JOHN BOGLE

Happy belated. Thanks for making the world a better place. :)
by af895
Thu May 09, 2013 9:25 am
Forum: Investing - Theory, News & General
Topic: Aftershock
Replies: 20
Views: 2538

Re: Aftershock

What do you guys think about this? m m From the article: http://graphics8.nytimes.com/images/2012/10/15/business/101512bucks-carl-sketch/101512bucks-carl-sketch-blog480.jpg Obviously, it’s easy to get distracted. And based on the questions I get, people are really distracted when it comes to money....
by af895
Mon Apr 29, 2013 10:47 am
Forum: Investing - Theory, News & General
Topic: Do you trust Mint.com or similar services?
Replies: 29
Views: 5320

Re: Do you trust Mint.com or similar services?

In Canada at least, it isn't a question of trust; it's one of liability. Canadian banks have stated they will not cover any losses due to fraud if they find you've used Mint.com, regardless of whether or not the loss had anything connection to your use of Mint.com. I suspect Mint.com is as safe as a...
by af895
Tue Apr 09, 2013 1:03 pm
Forum: Personal Consumer Issues
Topic: Shredding docs at public places
Replies: 18
Views: 3436

Re: Shredding docs at public places

I either shred or burn my documents myself, not trusting anyone else with sensitive personal data.
by af895
Fri Mar 22, 2013 7:44 am
Forum: Personal Finance (Not Investing)
Topic: The Fine line between responsible and selfish/material
Replies: 104
Views: 10357

Re: The Fine line between responsible and selfish/material

I'm an avid reader of "Mr. Money Mustache" as well and will put in another vote for that forum. For what it's worth, I struggle with this as well. I'm still trying to find a balance between enjoying life now (in context of spending) and saving hard to move my date of financial independence...
by af895
Tue Mar 19, 2013 7:54 am
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 31589

Re: What's your number? Why?

Rick Ferri wrote:This was such a popular conversation that it inspired me to write and article based on it. I hope the OP does no mind:

Finding Your Number the Easy Way

Rick Ferri


Thanks for that Rick. Your methodology validated the numbers I'd come up with. It was a welcome "gut check."
by af895
Fri Mar 08, 2013 10:52 am
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 31589

Re: What's your number? Why?

All my figures are in today's dollars. My number is ~$400,000 to $500,000 by retirement. It's based on an inflation indexed DB pension paying $30,000/year and a desired budget of $50,000/year (no dependents, no legacy) leaving a gap of $20,000 to fill in which I believe $400-500k would be enough to ...
by af895
Thu Mar 07, 2013 8:26 am
Forum: Personal Consumer Issues
Topic: Password protect program
Replies: 21
Views: 2019

Re: 1Password

davebarnes wrote:I think you are actually looking for a "Password Manager".
I think (based upon 4+ years experience) that 1Password is the answer.
I use it to manage 600 logins + multiple credit cards + 30 software licenses.
http://1Password.com


I'll second this recommendation. Backups to DropBox are a big plus.
by af895
Thu Mar 07, 2013 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund - Lifestyle fund or living expense fund?
Replies: 16
Views: 2145

Re: Emergency Fund - Lifestyle fund or living expense fund?

I live pretty frugally to start with so there'd be little material difference between "lifestyle" and "living expense." My goal is 6-12 months living expenses but I have about 4-6 months saved right now. I have a stable government job; my employer would have to give 12-months not...
by af895
Thu Mar 07, 2013 8:13 am
Forum: Investing - Theory, News & General
Topic: Bogleheads' DRM-free e-books available?
Replies: 18
Views: 3424

Re: Bogleheads' DRM-free e-books available?

So...can one mention DeDRM here? As far as I know, it's legal for personal use. I could be wrong, though. Once the DRM has been removed, you can use Calibre to convert to whatever format you want. Based on Calibre's recommendation, it's probably best to buy from Amazon (Kindle/MOBI) and convert to ...
by af895
Tue Mar 05, 2013 5:50 pm
Forum: Investing - Theory, News & General
Topic: What does your international equity allocation look like?
Replies: 66
Views: 4438

Re: What does your international equity allocation look like

Keep in mind I'm a Canadian resident:

33% Canadian Equity (S&P/TSX Composite)
33% US Equity (S&P500)
33% Intl. Equity (MSCI EAFE)

I may add a small (10%?) emerging markets index component when my portfolio size is large enough that such an addition would move needle.
by af895
Wed Feb 27, 2013 8:53 pm
Forum: Investing - Theory, News & General
Topic: Only after a 150% stock market rally in 4 years...
Replies: 115
Views: 14572

Re: Only after a 150% stock market rally in 4 years...

Do we seem to get an abundance of young, enthusiastic, successful but nonetheless untested new investors proposing shockingly aggressive asset allocations... The question I always ask is, "Why now?"...Is our message not getting across? Are these investors truly better late than never or i...
by af895
Sun Feb 24, 2013 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Software question (Quicken or similar?)
Replies: 27
Views: 1497

Re: Software question (Quicken or similar?)

For the Quicken users, perhaps they'd comment on the fact that Quicken's cash flow planner is broken. More on that: m TL;DR: the current version of Quicken doesn't take into account Budgeted expenses when projecting cash flow. This would seem like a key component to any piece of financial software y...
by af895
Sun Feb 24, 2013 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Software question (Quicken or similar?)
Replies: 27
Views: 1497

Re: Software question (Quicken or similar?)

I used MS Money for 10 years before I ended up switching from PC to Mac, and I loved it. But it's not compatible with Mac. After an exhaustive search for a replacement financial software I ended up going with a program called Moneydance, and it takes care of everything I need it to (mainly just exp...
by af895
Sun Feb 24, 2013 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Software question (Quicken or similar?)
Replies: 27
Views: 1497

Re: Software question (Quicken or similar?)

I bought Quicken in 2012 and found the cash-flow projections to be broken. It was a known problem - they call it a "feature" that cash flow doesn't take into account scheduled bills. That's a bug to me, not a feature. I returned Quicken and downloaded Microsoft Money Sunset Deluxe - for fr...
by af895
Thu Feb 14, 2013 7:35 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1470472

Re: What Book Are You Currently Reading? Part V

"Irrational Exuberance". I'm about a quarter of the way through and, unfortunately, not enjoying it.

I don't get "irrationally exuberant" about anything so perhaps this isn't a book for me.
by af895
Thu Feb 14, 2013 5:21 pm
Forum: Personal Consumer Issues
Topic: Quicken Deluxe vs Premier
Replies: 8
Views: 6644

Re: Quicken Deluxe vs Premier

I recently switched to Quicken Premier from MS Money (a much better product for investment tracking). When I compared the two, deluxe does not do investment tracking. m On the MS Money note, it's available as a free download from Microsoft, here: m I've been an MS Money user since version 2004 and ...
by af895
Thu Feb 14, 2013 5:16 pm
Forum: Personal Consumer Issues
Topic: How do you find Mrs. Boglehead?
Replies: 138
Views: 14994

Re: How do you find Mrs. Boglehead?

eHarmony.

There are question to assess attitudes toward money.
by af895
Thu Feb 14, 2013 5:05 pm
Forum: Personal Consumer Issues
Topic: The perfect Boglehead car
Replies: 92
Views: 14291

Re: The perfect Boglehead car

Here's a Boglehead guide to buying a used car:

http://www.amazon.com/Lemon-Aid-Trucks- ... 00AW0TU90/

Fantastic book and well worth buying the latest edition when you're shopping for a car.

I especially like the section titled "Beaters you will love", followed by "Beaters you will hate."
by af895
Wed Feb 13, 2013 1:16 pm
Forum: Investing - Theory, News & General
Topic: The Perils of financial modeling with Excel
Replies: 42
Views: 3941

Re: The Perils of financial modeling with Excel

...The problem is likely a human one. People (like the whale) who called themselves experts and who give those upstairs what they want, the impossible, outsized gains with no extra risk, and people upstairs who are not skeptical because the profit from not understanding. Those upstairs then give mo...
by af895
Wed Feb 13, 2013 9:49 am
Forum: Investing - Theory, News & General
Topic: The Perils of financial modeling with Excel
Replies: 42
Views: 3941

Re: The Perils of financial modeling with Excel

I'm going on a bit of a tangent here but... I started doing a monthly budget in Excel years ago. I still use it for simple worksheets where errors are immediately obvious and calculations are limited to basic arithmetic. Somewhere around 2005, I bought a computer that came with Microsoft Money and I...
by af895
Tue Feb 12, 2013 7:49 pm
Forum: Investing - Theory, News & General
Topic: Portfolio Tracker
Replies: 4
Views: 708

Re: Portfolio Tracker

by af895
Sun Feb 10, 2013 10:05 pm
Forum: Investing - Theory, News & General
Topic: What % of your income are you saving for retirement?
Replies: 228
Views: 29446

Re: What % of your income are you saving for retirement?

Mid-late 30's here, started late. Finally nixed the student loan a bit over a year ago. As percentages of gross income: ~13% forced savings via employer pension plan contributions. ~25% personal self-managed savings. That's a little over 50% of my after tax income saved. No kids, no mortgage, spouse...
by af895
Mon Jan 28, 2013 12:20 pm
Forum: Investing - Theory, News & General
Topic: Falling Apple's Price Causes Reverse Convertible Damage
Replies: 20
Views: 3584

Re: Falling Apple's Price Causes Reverse Convertible Damage

After reading most of the posts in this thread, I was reminded of an article I read recently:

Staying Out of the Murder Holes
by af895
Mon Jan 14, 2013 11:57 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1470472

Re: What Book Are You Currently Reading? Part V

I recently finished Boomerang: Travels in the New Third World by Michael Lewis.
On deck now:
Irrational Exuberance by Robert J. Shiller
Millionaire Teacher by Andrew Hallam
The Buyout of America by Josh Kosman
Amusing Ourselves to Death by Neil Postman
by af895
Mon Jan 14, 2013 11:16 am
Forum: Investing - Theory, News & General
Topic: Defined Benefits Pension as fixed income?
Replies: 59
Views: 6722

Re: Defined Benefits Pension as fixed income?

It is helpful to recognize that at the core questions about capitalizing income streams can't be answered without first answering how the asset allocation is to be determined. Mr. Bogle, in his quote about capitalizing income streams at least begins by setting the context that what is at issue is t...
by af895
Mon Jan 14, 2013 9:13 am
Forum: Investing - Theory, News & General
Topic: Defined Benefits Pension as fixed income?
Replies: 59
Views: 6722

Re: Defined Benefits Pension as fixed income?

I hope you could explain af895 because this majority Boglehead approach totally escapes me and always has. They always say I have this because of that, but the this can be almost any number. How exactly did you decide your chosen 75/25 AA? Is this age in bonds? age -10? What is it and why? Does you...
by af895
Mon Jan 14, 2013 8:02 am
Forum: Investing - Theory, News & General
Topic: Defined Benefits Pension as fixed income?
Replies: 59
Views: 6722

Re: Defined Benefits Pension as fixed income?

It's interesting to see this thread come up again. ...Personally, I don't consider pensions or Social Security in my asset allocations, in part, because ...you can't rebalance into or out of them. I've come full circle on this topic with the above comment mirroring my thinking of late. While my ris...
by af895
Sun Jan 13, 2013 7:08 pm
Forum: Investing - Theory, News & General
Topic: Defined Benefits Pension as fixed income?
Replies: 59
Views: 6722

Re: Defined Benefits Pension as fixed income?

It's interesting to see this thread come up again. ...Personally, I don't consider pensions or Social Security in my asset allocations, in part, because ...you can't rebalance into or out of them. I've come full circle on this topic with the above comment mirroring my thinking of late. While my risk...
by af895
Sat Jan 05, 2013 8:42 am
Forum: Investing - Theory, News & General
Topic: request for your thoughts
Replies: 50
Views: 4368

Re: request for your thoughts

I keep hearing "big, blue chip dividend payers offering dividend reinvestment plans (DRIPs) have been around for fifty years and keep increasing dividends, so they're safe bets." (Abbott Labs, McDonald's, Proctor & Gamble, Coca Cola etc)
by af895
Sat Jan 05, 2013 7:34 am
Forum: Investing - Theory, News & General
Topic: If I were a selfish mutual fund manager I would...
Replies: 15
Views: 1916

Re: If I were a selfish mutual fund manager I would...

What would you do if you were a heartless SOB mutual fund manager only out for your own self-interest? I wouldn't waste any time on performance - I'd just closet index and that would be sufficient... *laughs* I'd thought about this too, in context of this thread. I've read about certain index funds...
by af895
Sat Jan 05, 2013 6:24 am
Forum: Investing - Theory, News & General
Topic: 14 Benefits of Indexing & What Experts Say
Replies: 4
Views: 1950

Re: 14 Benefits of Indexing & What Experts Say

Fantastic. Thank you Taylor. I'll link people to this thread if they're considering indexing versus active management.
by af895
Wed Jan 02, 2013 1:02 pm
Forum: Investing - Theory, News & General
Topic: [What did you learn about investing in] 2012
Replies: 35
Views: 2274

Re: [What did you learn about investing in] 2012

Learned in 2012: all things Bogle (thanks to spouse for gift of "The Boglehead's Guide to Investing.") The big one: spending less & saving more has greater effect on returns than anything else. (include tilting, fund fees, asset allocation etc) The other one learned by reading "A ...
by af895
Wed Jan 02, 2013 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Hope that one guy was using ETFs and not index funds
Replies: 14
Views: 1480

Re: Hope that one guy was using ETFs and not index funds

viewtopic.php?f=2&t=105728

I think the message is that discussions about things that haven't happened will result in those threads being locked. Commendably Boglehead-ish. ;)
by af895
Tue Jan 01, 2013 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Just Deleted Our Mint Account
Replies: 73
Views: 11391

Re: Just Deleted Our Mint Account

Some people are "getting" the point I made, others aren't. Let me clarify. Let's say you use Mint.com. Let's assume Mint.com is 100% secure and safe. Let's say your ATM card gets skimmed. There is absolutely NO CONNECTION between that event and Mint.com. Your bank is well within their righ...
by af895
Tue Jan 01, 2013 11:05 am
Forum: Investing - Theory, News & General
Topic: What is your current Asset Allocation Policy and why?
Replies: 83
Views: 12509

Re: What is your current Asset Allocation Policy and why?

I'm in my late 30's with 20 years to go to retirement. I reduced my fixed income from 40% to 25% in November and, on reflection while re-reading Bernstein's "Four Pillars" and "Investor's Manifesto", to 0% in December. Why? I realized my government defined benefits pension could ...
by af895
Sun Dec 30, 2012 5:24 am
Forum: Personal Finance (Not Investing)
Topic: Just Deleted Our Mint Account
Replies: 73
Views: 11391

Re: Just Deleted Our Mint Account

In Canada at least, financial institutions have client agreements that don't permit the use of services like Mint.com. In the event a bank or credit card is compromised, even if Mint was not implicated, the bank can deny all coverage for the loss on the grounds that you violated their terms of servi...
by af895
Tue Dec 25, 2012 12:33 pm
Forum: Investing - Theory, News & General
Topic: Do you have a written Investment Policy Statement?
Replies: 61
Views: 6427

Re: Do you have a written Investment Policy Statement?

I do have a written IPS. I expect, for some people, the IPS is a guide. My IPS is more of an official statement of my habits and beliefs surrounding money; it reflects things I'm comfortable doing already. (save a lot, reduce investment costs as much as possible, maintain an asset allocation appropr...
by af895
Tue Dec 25, 2012 4:54 am
Forum: Investing - Theory, News & General
Topic: when do you plan to change AA
Replies: 29
Views: 2249

Re: when do you plan to change AA

I selected "milestones" but that's a bit broad. I use an Investment Policy Statement (IPS) as a guide. I recently updated my IPS from 60/40 equity/bond index funds to 75/25 after a market downturn during which I realized that I actually look forward to markets underperforming as a buying o...
by af895
Thu Dec 13, 2012 7:43 pm
Forum: Investing - Theory, News & General
Topic: Expense Ratios
Replies: 62
Views: 6098

Re: Expense Ratios

Do investors in the USA know how lucky they are vis-a-vis investment options? In Canada, index mutual funds stick you with an average MER of about 0.44%. (TD e-Series tracking S&P/TSX, S&P500, MSCI EAFE + a Canadian Bond fund) ETFs here get us down to 0.39%. Source: m A lot of Canadians are ...
by af895
Thu Dec 13, 2012 12:39 pm
Forum: Personal Consumer Issues
Topic: Bogleheads T-Shirt Possible Design(s)
Replies: 108
Views: 9925

Re: Bogleheads T-Shirt Possible Design(s)

I found a vector graphic of the Vanguard ship in a prospectus & converted to JPG.

For the purpose of printing a shirt, all graphics should be sent as vector art.

Image
by af895
Sat Nov 24, 2012 5:06 pm
Forum: Investing - Theory, News & General
Topic: What is your greatest weakness as an investor?
Replies: 56
Views: 4285

Re: What is your greatest weakness as an investor?

My weakness: dining out.

I could cut more from my discretionary spending and save more of my money. Doing that would have more effect on my long term investment outcomes than tinkering with an already clean and efficient (albeit modest) portfolio.
by af895
Sat Nov 24, 2012 4:36 pm
Forum: Investing - Theory, News & General
Topic: Fixed Income: Have YOU made any changes since 2009?
Replies: 28
Views: 1889

Re: Fixed Income: Have YOU made any changes since 2009?

I only started investing in earnest in the last year. I reevaluated my IPS and rebalanced into 75% equity/25% bond from a previous 60% equity/40% bond. Market dips/flash crashes made me want to buy more equity at discount prices. This convinced me I had a higher risk tolerance than my former IPS AA ...
by af895
Thu Nov 22, 2012 2:28 pm
Forum: Personal Consumer Issues
Topic: Extended Warranties & Service Plans. Do they work?
Replies: 26
Views: 2092

Re: Extended Warranties & Service Plans. Do they work?

I generally don't buy extended warranties but do pay for large items with a credit card that has extended coverage. My spouse has availed herself of VISA's extended coverage and it has replaced or repaired items with little to no fuss. One item I did spring for the extended warranty on: a washing ma...
by af895
Thu Nov 22, 2012 2:05 pm
Forum: Personal Consumer Issues
Topic: What Advice Would You Give Your 30yo Self?
Replies: 70
Views: 7748

Re: What Advice Would You Give Your 30yo Self?

1) You have it better than 99% of the world , even on your worst day/week/year. Respect the other 99% by living humbly. 2) Don't assume tomorrow will be better than today. In fact, assume it will be much worse - poorer, unhealthier, less employed/employable. Conserve today. Eat healthy today. Exerci...
by af895
Tue Nov 13, 2012 1:36 pm
Forum: Investing - Theory, News & General
Topic: Fess up, Bogleheads - what is your portfolio?
Replies: 78
Views: 8507

Re: Fess up, Bogleheads - what is your portfolio?

Can a Canadian play too?

20% Canadian Equity (S&P TSX index fund)
20% US Equity (S&P 500 index fund)
20% Intl Equity (MSCI EAFE index fund)
40% Canadian Bonds (DEX Universe bond index fund)

At next rebalance, it'll be 25% for each of the four.
by af895
Mon Nov 05, 2012 2:40 pm
Forum: Investing - Theory, News & General
Topic: Your Best One Line of Wisdom
Replies: 238
Views: 19313

Re: Your Best One Line of Wisdom

Overheard the other day:

"Cheap thing no good. Good thing no cheap."

(perhaps not applicable to index funds... but it applies to durable goods and retirement nest eggs)