Search found 99 matches

by B. Wellington
Fri Apr 06, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 16491

Re: What can we learn from secret millionaires.

Those of us who have amassed that sort of wealth or are on track to do so should realize how fortunate and lucky we are. Yes, many of us worked hard, but we also usually had a lot of help, and caught some lucky breaks too. Luck had nothing to do with it, fortunate, depends on your perspective. Help...
by B. Wellington
Fri Apr 06, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14792

Re: Swedroe: Look Beyond 60/40 Portfolio

OP, I agree with the general theme of the article. However, I believe real investor return will be good. I could always count on the volatility of the market and recession to force 100/0 investor to capitulate. Then, a 60/40 investor that buy, hold, and rebalance will profit greatly. Not many folks...
by B. Wellington
Fri Apr 06, 2018 7:30 am
Forum: Investing - Theory, News & General
Topic: Article on "Buckets" at Morningstar. How Does The Bucket Approach To Retirement Allocation apply to you?
Replies: 23
Views: 2353

Re: Article on "Buckets" at Morningstar. How Does The Bucket Approach To Retirement Allocation apply to you?

There are a number of people who like to heap scorn on any approach which doesn't meet their personal approval. It can be buckets, or international, or particular AA choices. I happen to think there are many roads to Dublin, and while buckets don't hold any magic properties, they can be a useful wa...
by B. Wellington
Fri Apr 06, 2018 4:58 am
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 16491

Re: What can we learn from secret millionaires.

Those of us who have amassed that sort of wealth or are on track to do so should realize how fortunate and lucky we are. Yes, many of us worked hard, but we also usually had a lot of help, and caught some lucky breaks too. Luck had nothing to do with it, fortunate, depends on your perspective. Help...
by B. Wellington
Thu Apr 05, 2018 4:58 am
Forum: Investing - Help with Personal Investments
Topic: senior investing
Replies: 26
Views: 1692

Re: senior investing

It sounds to me that an immediate annuity (preferably inflation adjusted) would be hard to beat in this case. If it puts his income above some public assistance threshold so be it. With his limited funds I don't see a better way. I would also agree with holding a bit back for a rainy day fund (but ...
by B. Wellington
Wed Apr 04, 2018 11:43 am
Forum: Investing - Theory, News & General
Topic: Anyone Pulled the Trigger on Global Wellington/Wellesley?
Replies: 16
Views: 3750

Re: Anyone Pulled the Trigger on Global Wellington/Wellesley?

Both Domestic Wellesley and Wellington have consistently outperformed their respective index benchmarks. Why is that? I doubt it's stock selection in bull markets since we know that is so hard to beat. Is it one or more of the following: 1) Better bond selection than the Treasury heavy indexes 2) D...
by B. Wellington
Thu Mar 29, 2018 7:59 am
Forum: Investing - Theory, News & General
Topic: Anyone hold any defensive funds in their portfolio?
Replies: 41
Views: 3437

Re: Anyone hold any defensive funds in their portfolio?

Wellington
Wellesley Income
Short Term Treasuries

~4-5 years from "semi-retirement".

Note: Both W/W funds are down so far this year due to rising interest rates and a pull-back in equities. Defensive maybe, but no "safe" harbor.
by B. Wellington
Wed Mar 28, 2018 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Advice for retirees.. who writes this stuff!?
Replies: 8
Views: 2021

Re: Advice for retirees.. who writes this stuff!?

" Day trading stocks is the perfect retiree activity because it’s just as complicated as you want it to be. You can trade casually, and pick up some minor gains here or there. Or, go in full-bore and make it your new job. After all, investments provide extra money, so have some fun with it." From t...
by B. Wellington
Wed Mar 28, 2018 7:25 am
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 114
Views: 7500

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

We're all different people in different circumstances and it would be strange indeed if all of agreed with grok's or with my retirement plan. I will merely relate my own retirement plan with no value judgement at all about whether it is right for anyone else. I retired 20.5 years ago at age 50 and ...
by B. Wellington
Tue Mar 27, 2018 12:14 pm
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 114
Views: 7500

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

Serious question. Is there, in fact, any real body of real-life data on the actual experiences of real retirees who have actually closely followed one or another retirement plan? My preconception is that no, I doubt that there is. Before the 401(k) became really popular, which probably means some t...
by B. Wellington
Tue Mar 27, 2018 12:03 pm
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 114
Views: 7500

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

No offense, but entirely too much complexity for my taste. In real life, the map is never the territory. Lots of excellent non-fiction books out there on the chasm between theory and reality. No offense taken, Not sure who said "Everything should be made as simple as possible, but not simpler." My ...
by B. Wellington
Fri Mar 23, 2018 4:51 am
Forum: Investing - Theory, News & General
Topic: Building a bridge to Social Security: When to start?
Replies: 34
Views: 3981

Re: Building a bridge to Social Security: When to start?

So, if retiring with $1 million at 65, and given Social Security at age 70 of $30k/year: Transfer 5 years x $30k from the portfolio to the bridge account, leaving $850,000. This generates a 4% SWR of $34,000, which added to $30,000/year from the bridge account provides annual income of $64,000 a ye...
by B. Wellington
Mon Mar 19, 2018 7:21 am
Forum: Investing - Theory, News & General
Topic: Best way to hold cash in retirement accounts??
Replies: 57
Views: 6233

Re: Best way to hold cash in retirement accounts??

I am setting up my retirement accounts into the form I would like them to have as I approach the retirement/withdrawal stage of things. I would like to have 10-15% of my accounts in cash/fixed form. The purpose of the cash/fixed holdings is--in the event of a bear market or sustained equities downt...
by B. Wellington
Tue Mar 13, 2018 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Owner semi-absentee business
Replies: 8
Views: 1108

Re: Owner semi-absentee business

...Need help point me into the right direction as to what business to buy, pro and con. Successful semi-absentee businesses are very, very rare -- mostly the luck of owning something that later becomes popular. And that usually involved a lot of hard work during the incubation days. Stocks are one ...
by B. Wellington
Tue Mar 13, 2018 5:02 am
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey on Bonds
Replies: 107
Views: 8794

Re: Dave Ramsey on Bonds

Willy, Dave and his company also owns A LOT of Real estate which produces some major cash flow. This is something the small investor is probably not able to do, at least not on a large scale unless you are into real estate. That leaves (most) of us to rely on our bond allocation to not only produce ...
by B. Wellington
Wed Mar 07, 2018 6:00 am
Forum: Investing - Theory, News & General
Topic: Looking for an example of a fund which has beat its index for 30 years
Replies: 93
Views: 9088

Re: Looking for an example of a fund which has beat its index for 30 years

The problem with beating a benchmark index with any significant amount also comes down to timing. For example, investing all (or most) of your money on the inception date or very good timing of your DCA contributions. I would wager that if you missed even (a few) of the very best days of the fund an...
by B. Wellington
Thu Feb 22, 2018 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Young Investor: Investing In A Bear Market
Replies: 29
Views: 2532

Re: Young Investor: Investing In A Bear Market

Your investment horizon is not 25 or 30 years, it’s 55-60 years! Why? Because you are not going to withdraw all of your assets on Day 1 of retirement to plunk it into inflation ravaged cash. Some portion of your assets need to be continually invested to stay ahead of inflation - equities are your b...
by B. Wellington
Thu Feb 22, 2018 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Young Investor: Investing In A Bear Market
Replies: 29
Views: 2532

Re: Young Investor: Investing In A Bear Market

Invest exactly as you are today, I.e. whatever allocations you have deemed comfortable. Invest as much as you can as early and often as you can. Ignore the noise and DO NOT SELL . If it looks like the market will collapse, go down with the ship and still do not sell, trust me at that point we have ...
by B. Wellington
Wed Feb 21, 2018 5:59 am
Forum: Investing - Help with Personal Investments
Topic: Where to put 6 months of living expenses(emergency fund) ?
Replies: 24
Views: 3351

Re: Where to put 6 months of living expenses(emergency fund) ?

Thanks all. Our mortgage will be paid off in August. I work part time and my wife is going to switch to part time soon. Once the mortgage is paid off, do you think the emergency fund of $50,000 is excessive and should be reduced? Many who retire, keep an average of 1 to 2 years of EXPENSES in money...
by B. Wellington
Tue Feb 20, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Where to put 6 months of living expenses(emergency fund) ?
Replies: 24
Views: 3351

Re: Where to put 6 months of living expenses(emergency fund) ?

We currently have about 6 months of living expenses(our emergency fund, in case we lost our jobs, etc.) in the Vanguard Prime Money Market fund. Is this a good choice, or is there a better choice ? Maybe some sort of account that earns more interest for us? We also use this account occasionally to ...
by B. Wellington
Tue Feb 13, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 11795

Re: Did you learn anything from the market correction?

P.S. Am I the only person who sees a phrase like "eight year bull run" and thinks "first battle of the Civil War?" (Revealing myself as a Yankee, of course...) an 8 year Manassas? Continuing onto Culpeper or Fredericksburg? :beer In response to the OP, someone mentioned experience is GOLD. Your per...
by B. Wellington
Mon Feb 05, 2018 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Why did BND drop with no interest rate increase and what's in store short term?
Replies: 19
Views: 2107

Re: Why did BND drop with no interest rate increase and what's in store short term?

I have no idea what it will do for the next two months. The market price is what it is and will change according to events we can't predict. It may bounce back or it may continue to drop in response to higher interest rates. I would predict that over the long term it will provide stability with a r...
by B. Wellington
Fri Feb 02, 2018 7:32 am
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 331
Views: 58293

Re: Retreat to cash

I am 60/30/10 (s/b/cash). I wish in hindsight I was 100% stocks. I sleep well at night with 10% cash. Thankfully, my marginal utility of risk is small since I am at or near "my number". I am reminded of the quote "pigs get fat, and hogs get slaughtered". ^^^We are in the same boat gooenyou. Very cl...
by B. Wellington
Wed Jan 31, 2018 11:06 am
Forum: Investing - Theory, News & General
Topic: looking for positive experiences transferring to Vanguard
Replies: 39
Views: 2382

Re: looking for positive experiences transferring to Vanguard

We have been with VG for over 25 years now. I consolidated several accounts over the years from other institutions as well as company stock etc. Have had great customer service. (Even a personal call back making sure that I received the information on transferring IRA's and paper stock certificates.)
by B. Wellington
Tue Jan 30, 2018 8:26 am
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 12973

Re: When did the bad news start in 2008?

I *knew* it was bad when ... MegaCorp CFO sent an email to all employees asking them reduce use of printers Similar thing here - when the free vending machines were no longer free :D There were a number of issues that "should have" raised a red flag: People in my circle were buying homes that they ...
by B. Wellington
Tue Jan 23, 2018 8:22 am
Forum: Investing - Theory, News & General
Topic: Kitces article: A cash bucket in retirement? Nope
Replies: 150
Views: 12206

Re: Kitces article: A cash bucket in retirement? Nope

Like many others quickly approaching "retirement", I have been reading A LOT of papers and studies on this topic. In particular, Christine Benz and Jane Bryant Quinn, who both make good points concerning a cash "bucket" and how to replenish that spending fund. I am not a big fan of holding cash as w...
by B. Wellington
Tue Jan 16, 2018 8:24 am
Forum: Investing - Help with Personal Investments
Topic: I'm hooked
Replies: 22
Views: 4110

Re: I'm hooked

Just wanted to say that I'm blown away at the knowledge of this forum and the help that people are willing to give.. I literally came across this site yesterday searching through Google trying to wrap my head around retirement/savings. Because I felt like I wasn't saving correctly.. I have learned ...
by B. Wellington
Mon Jan 15, 2018 11:21 am
Forum: Investing - Help with Personal Investments
Topic: 50/50 AA recommended by Benjamin Graham
Replies: 43
Views: 4635

Re: 50/50 AA recommended by Benjamin Graham

Isn't a 50/50 Stock/Bond AA relatively high stock allocation for most? In the book titled The Intelligent Investor why does Benjamin Graham recommend this for most folks? I think he looks at this as the optimal for most but does suggest a range. I believe his suggestion is no less than 25% in stock...
by B. Wellington
Thu Jan 11, 2018 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Buy bonds until market correction
Replies: 28
Views: 2648

Re: Buy bonds until market correction

No, I wouldn't. Ok, but all or nothing probably isn't the right approach. If I came into an extra $10,000 this week, I'd likely put $6000 into stock funds and $4000 into bond-equivalent funds... ^^^Yep...Just put new cash into our ( balanced ) Roth accounts for the year. My timing is probably terri...
by B. Wellington
Thu Jan 04, 2018 8:49 am
Forum: Investing - Theory, News & General
Topic: Did everyone in the early 80s have their money in CDs?
Replies: 77
Views: 6440

Re: Did everyone in the early 80s have their money in CDs?

Not "everyone" because people tend to forget the relatively high unemployment rate in the 70's and early 80's. That said, yes for the first time in my young adult life I had a very small amount of savings that I could "invest." Not having the information that we have today, my knowledge of stocks, ...
by B. Wellington
Thu Jan 04, 2018 6:33 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 27566

Re: Hitting The Sell Button

Ned, for the first time in years (decades) I turned off the reinvestment option. I felt it was the prudent thing to do at this point in our lives. ( However, I have let the IRA's and 401 (k) ride.) It has been a great run so I try not to over-think this. Even Mr. Bogle from time to time has said he ...
by B. Wellington
Wed Jan 03, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: Talk me out of a 60/40 AA
Replies: 76
Views: 8698

Re: Talk me out of a 60/40 AA

Talk you out of it? I'll talk you into it! IMHO it's the ultimate SWAN portfolio for all people at all ages. Im 60/40 and I'm 53 and my wife is 57. My wife shows no interest at all in investing. After thinking about it for 20 plus years, upon retirement, I plan to put it all in the Vanguard Balance...
by B. Wellington
Tue Jan 02, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: Did everyone in the early 80s have their money in CDs?
Replies: 77
Views: 6440

Re: Did everyone in the early 80s have their money in CDs?

Not "everyone" because people tend to forget the relatively high unemployment rate in the 70's and early 80's. That said, yes for the first time in my young adult life I had a very small amount of savings that I could "invest." Not having the information that we have today, my knowledge of stocks, b...
by B. Wellington
Thu Dec 21, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 12294

Re: A meal with friends yields a financial revelation

As with many people, the holidays are a time we catch up with old friends who are in town visiting family. Last night we had the pleasure of joining two such friends for dinner at a nice restaurant. We had a lovely time and very much enjoyed the evening and their company. Our bill was 2 or 3 times ...
by B. Wellington
Fri Dec 08, 2017 12:07 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 182
Views: 18771

Re: Call the top! - Bitcoin

Okay, I'll play...

$22,500

Then stay in a trading range for years then move higher from there. :confused
by B. Wellington
Fri Dec 08, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Does a Boglehead ever time the market?
Replies: 65
Views: 4763

Re: Does a Boglehead ever time the market?

Everybody times the market to one degree or another. If you're a Boglehead though, you will never admit it. Or, calls it something else... like rebalancing on a RBD? :happy Yep, that too. :sharebeer ^^^Okay, Guilty. Re-balanced on really bad days at times. However, today I would tell my younger sel...
by B. Wellington
Fri Dec 01, 2017 10:24 am
Forum: Investing - Help with Personal Investments
Topic: retirement strategy
Replies: 24
Views: 3062

Re: retirement strategy

Just retiring. Have about 2.2M invested. So the asset mix suggested to me was 50/50 If I calculate I will need $200,000 over the next 5 years for living expenses would it be smarter to raise my risk and asset mix to 65/35 and just take $200K and put into a cash vehicle to use over the next 5 years....
by B. Wellington
Fri Dec 01, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: retirement strategy
Replies: 24
Views: 3062

Re: retirement strategy

A person with that much wealth relative to what is needed for spending does not need a withdrawal strategy. The real question is how much wealth does the investor want and what does he intend to do with it. The default is that his heirs are going to get a lot of money. You're probably right; but, t...
by B. Wellington
Mon Nov 27, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 222
Views: 38073

Re: Bonds - Throw it all on the table!!!

In the past I have struggled with this question. How much in bonds? Which bond funds? As well as how soon do I need the money? Today we use a "simple" Wellington/ Wellesley mix. A good % of this is in tax deferred accounts. ( Also a very small % in company stock.) 60/38 with a small 2% in cash. (Tot...
by B. Wellington
Mon Nov 06, 2017 11:25 am
Forum: Investing - Theory, News & General
Topic: Investment Books & Your Library
Replies: 36
Views: 3035

Re: Investment Books & Your Library

I keep a small library of investing books (and a few magazines) as well. I find it very interesting to go back and review some of the better ones. And just as a reminder, I have kept a couple that promoted stock trading etc. just to show how foolish some of the "systems" were. Today, I find the (ear...
by B. Wellington
Mon Nov 06, 2017 8:22 am
Forum: Investing - Theory, News & General
Topic: "Probably the World's Best Investment Forum"
Replies: 34
Views: 5325

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

Best investment forum with the most helpful members . A forum alone is nothing without the active helpful members. You can have the best forum, but can go irrelevant quickly. I am extremely thankful to some of those people in this forum for helping me -and potentially others- save thousands of doll...
by B. Wellington
Thu Oct 26, 2017 10:15 am
Forum: Investing - Theory, News & General
Topic: Emotional impact of spending down assets?
Replies: 100
Views: 11288

Re: Emotional impact of spending down assets?

This conversation may really be of value for some. Interesting that there is a discussion. At retirement I worried about what would happen if we spent down our assets too early. As an 84 year old married to a 77 year young lady some of your comments fit us. We have not changed our spending habits.....
by B. Wellington
Fri Oct 06, 2017 4:58 am
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 12556

Re: Millionaire Next Door (Thank you Bogleheads)

Congratulations! Out of curiosity, do you own shares of the VG Wellington fund? Thank you all! It is really nice to be able to share this with everyone here. My hope is that my story can encourage others that it CAN be done. Even on a modest salary. It takes time, but it can be done. czeckers, Well...
by B. Wellington
Thu Oct 05, 2017 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 12556

Millionaire Next Door (Thank you Bogleheads)

With the help of many on this board and reminding me "to stay the coarse," Mrs. and Mr. B. Wellington quietly became the Millionaires Next door last month. Yes, a strong bull market helped us to this level. Some of you know that we are not doctors or high paid engineers. We are Joe and Jane Lunchbox...
by B. Wellington
Fri Sep 29, 2017 9:42 am
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 8617

Re: 3 stages of Financial Independence

Good description from a behavioral finance perspective. Some people will want dollar values, safe withdrawal rates, Firecalc outcomes, etc. associated with each level. I think its a mindset rather than something measurable. Some people might have $2M and never feel they have "enough". + 1 Timelord,...
by B. Wellington
Thu Sep 14, 2017 7:15 am
Forum: Investing - Help with Personal Investments
Topic: How often do you put money in Vanguard
Replies: 55
Views: 5076

Re: How often do you put money in Vanguard

flyingaway wrote:
Wed Sep 13, 2017 3:07 pm
dwickenh wrote:
Wed Sep 13, 2017 1:51 pm
Only on RBD's................ not
Me too. These days are rare nowadays.
+2 Yes, these seem to be more rare these days.

OP, on average, once a Month.
by B. Wellington
Fri Aug 04, 2017 7:34 am
Forum: Investing - Theory, News & General
Topic: Study: Who Sold Stock During the 2008-9 Crash?
Replies: 85
Views: 8592

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

2) The positive relationship between high income and increased selling is more puzzling. Consumption commitments should be less relevant to high income individuals. Some explanations offered are that high-income investors perhaps have overconfidence in their market timing abilities and they also pa...
by B. Wellington
Fri Jul 14, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: 90:10 AA - what don't you believe about it?
Replies: 101
Views: 8678

Re: 90:10 AA - what don't you believe about it?

I think if you can handle 90/10 then you would probably leave a lot of money to your heirs. I don't think many people in their 50s, 60s and 70s can. I am pretty sure that I cannot which is why I hold 60/40 and save more. But yes, if you can handle the short term volatility, 90/10 could be right for...
by B. Wellington
Thu Jun 29, 2017 6:11 am
Forum: Investing - Theory, News & General
Topic: Q&A WITH JACK BOGLE - Got a Question for Jack?
Replies: 53
Views: 14229

Re: Got a Question You'd Like to Ask Jack Bogle?

Thanks Mel for this opportunity. Could you ask Jack his thoughts on 2 active Vanguard funds- Wellesley & Wellington, and their roles if held as part of a retirees (or accumulators) asset allocation? It seems many indexers here do hold these active funds, and would be interesting to get Jack's persp...
by B. Wellington
Wed Jun 28, 2017 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Can you share some of your financial goals?
Replies: 69
Views: 9303

Re: Can you share some of your financial goals?

IMO, Charles Schwab had a great quote. "I wanted to get as far away from ZERO as I could get." On a personal note, DW and I grew up with very little "wealth" and I wanted to get as far away from zero as I could get as well. One day to leave the rat race and do what we want to do, when we want to wit...