Search found 161 matches

by B. Wellington
Fri Oct 11, 2019 7:42 am
Forum: Personal Finance (Not Investing)
Topic: What’s the proper way to pay yourself in retirement?
Replies: 64
Views: 6965

Re: What’s the proper way to pay yourself in retirement?

There is no best or proper way. It would be a matter of opinion. I plan on not reinvesting dividends or interest or capital gains, which this year will be 7/12 of my planned retirement income. Prior to Social Security, I will sell monthly holdings to provide the other 5/12s, for a period of 6 month...
by B. Wellington
Fri Oct 11, 2019 5:52 am
Forum: Personal Finance (Not Investing)
Topic: What’s the proper way to pay yourself in retirement?
Replies: 64
Views: 6965

Re: What’s the proper way to pay yourself in retirement?

There is no best or proper way. It would be a matter of opinion. I plan on not reinvesting dividends or interest or capital gains, which this year will be 7/12 of my planned retirement income. Prior to Social Security, I will sell monthly holdings to provide the other 5/12s, for a period of 6 month...
by B. Wellington
Thu Aug 08, 2019 7:04 am
Forum: Investing - Theory, News & General
Topic: The reasons dry powder and tactical asset allocation doesn't work
Replies: 26
Views: 3175

Re: The reasons dry powder and tactical asset allocation doesn't work

Here is a deep thought: Any money that you have in a bond fund misses a worst day in the market. So if you invest in equities some of your bond fund money after you observe (no predicting necessary at all!) that the day is going to turn out to be worst day AND there was no recent best day, then the...
by B. Wellington
Thu Jul 25, 2019 10:09 am
Forum: Investing - Theory, News & General
Topic: 60/40 VS 30/70 "Center Of Gravity"@@ Allocation for Retirees ??? Bernstein VS Ferri ?? -- What Would You Do?
Replies: 189
Views: 19293

Re: 60/40 VS 30/70 "Center Of Gravity"@@ Allocation for Retirees ??? Bernstein VS Ferri ?? -- What Would You Do?

^^^Great post longinvest. This is one of the main reasons why I like balanced funds. As others have mentioned, 2008 was a major shock and those balanced funds kept me from making poor advised timing moves or poor re-balancing. This has been a great topic and discussion and I thank everyone for shari...
by B. Wellington
Mon Jul 08, 2019 11:07 am
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 29235

Re: Americans believe they need $1.7 million, on average, to retire

What's the magic number for retirement savings? $1.7 million, according to a survey from Charles Schwab. How many of here are retired, or thinking of retiring, near this #? Assuming no pension and excluding paid for main residences in the numbers. Seems a bit high. 4% of $1.7 million is $68,000 Tha...
by B. Wellington
Wed Jul 03, 2019 11:41 am
Forum: Investing - Theory, News & General
Topic: Hitting Critical Mass and then dealing with those feelings of Surreal
Replies: 51
Views: 6713

Re: Hitting Critical Mass and then dealing with those feelings of Surreal

When I was first starting out investing every unanticipated expense like replacing a vacuum cleaner caused me a lot of anguish because it was less money to invest. A big veterinarian bill - same hand wringing. But now I feel like I have more than achieved more than I hope and one of greatest benefi...
by B. Wellington
Wed Jun 19, 2019 10:12 am
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 129
Views: 12520

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

Thanks for all the replies! Just to be clear... It seems like most people here do NOT invest money into developing extra streams of income. And I'm not referring to savings/investments for retirement. I'm talking about now, during your working years, having income from a source other than your sala...
by B. Wellington
Wed Jun 19, 2019 6:21 am
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 129
Views: 12520

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

Aaron, over the years the successful people I know had a few things in common. Some owned their own business, builders, HVAC, real estate, dentist, and even restaurants, etc. While others worked A LOT of overtime or even 2 jobs. Today many of these friends are indeed "wealthy" and now retired. FWIW,...
by B. Wellington
Tue Jun 04, 2019 7:13 am
Forum: Investing - Theory, News & General
Topic: You May Never See Your Grandchildren Again
Replies: 83
Views: 14787

Re: You May Never See Your Grandchildren Again

Thanks for the post Rick. The DW and I are starting to receive more invitations to these "free" dinners in the mail lately. Just a side note and would appreciate any comments on this that you might have... ...earlier this year I posted about our local neighborhood FA who suggested that I contact my ...
by B. Wellington
Fri May 24, 2019 6:23 am
Forum: Investing - Theory, News & General
Topic: How total market funds rebalance sectors
Replies: 10
Views: 821

Re: How total market funds rebalance sectors

Recently I met with an independent financial advisor and one of the things he mentioned is their recommendation to break out large/mid/small cap holdings into different funds so they can better control percentages of the total portfolio when one sector heavily outperforms. Such as a huge bull run i...
by B. Wellington
Fri May 17, 2019 8:17 am
Forum: Personal Investments
Topic: Thank you Bogleheads
Replies: 4
Views: 1104

Re: Thank you Bogleheads

Hello all, DH and I are celebrating our 1 year anniversary of quitting his trading addiction with stocks options crypto, you name it. I must say DH is looking more handsome with no more hairloss, less stressful, spending more quality time with me, healthier and last but not the least saving lot mor...
by B. Wellington
Fri May 17, 2019 5:56 am
Forum: Investing - Theory, News & General
Topic: Does stock allocation truly matter?
Replies: 61
Views: 5732

Re: Does stock allocation truly matter?

Some thoughts down the line-retired at 57 now 72 -seen and been through a lot-walked the walk! Jacks rule of your age in Bonds is a good start Total Stockmarket and Total Bond Market is enough Over time 70% Equities/30% Bonds seems to perform as well as 30% Equities/70% Bonds - Save as much as you ...
by B. Wellington
Thu May 16, 2019 8:09 am
Forum: Personal Investments
Topic: Income stream post retirement.
Replies: 35
Views: 3421

Re: Income stream post retirement.

I let the dividends from my taxable ETFs go into my money market fund. About once a year, I estimate how much I need for the coming year from my investments, estimate the dividends and subtract them, and sell enough shares to cover the difference, placing the proceeds in the money market fund. When...
by B. Wellington
Thu May 16, 2019 6:52 am
Forum: Personal Investments
Topic: Income stream post retirement.
Replies: 35
Views: 3421

Re: Income stream post retirement.

I let the dividends from my taxable ETFs go into my money market fund. About once a year, I estimate how much I need for the coming year from my investments, estimate the dividends and subtract them, and sell enough shares to cover the difference, placing the proceeds in the money market fund. When...
by B. Wellington
Wed May 15, 2019 9:21 am
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this [Panic and Survival 2008-09]
Replies: 356
Views: 184103

Re: I can't believe I am thinking this [Panic and Survival 2008-09]

This was a great thread to read as a younger investor in early 20’s I am not sure how much I have shared on other threads over the years....? However, I watched as 100's of fellow employees were let go during that difficult time. Many never returned and I was very, very lucky to have stayed on unti...
by B. Wellington
Mon May 13, 2019 10:29 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 11283

Re: Does your retirement plan work if stocks are flat or in decline for decades?

If they earn 0%, yes - will be just fine. If they decline, well, it depends on how much. For retirement funding, we are supplying enough in principal to sustain in retirement. Any gains from the market just make things more comfortable. +1 Timelord, we are somewhat conservative with "retirement" a ...
by B. Wellington
Fri Apr 12, 2019 9:56 am
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 335
Views: 60043

Re: Selling all equities, discuss why I'm wrong. :)

You need to read more books. Stop everything you are doing and read these. When you are done come back and start over with a clean slate. Maybe in the interim there will be a crash :D https://www.bogleheads.org/wiki/Books:_recommendations_and_reviews The Bogleheads' Guide to Investing The Boglehead...
by B. Wellington
Wed Apr 10, 2019 12:26 pm
Forum: Investing - Theory, News & General
Topic: Baby boomer vicious cycle crash
Replies: 63
Views: 6013

Re: Baby boomer vicious cycle crash

There have been several research papers out over the years claiming the same demographics issues. One I recall was in late 2002 and calling for another "sharp decline" as more boomers retire. The Dow was approximately ~9000 at the time... As others have mentioned, pick an AA that you can live with a...
by B. Wellington
Wed Apr 10, 2019 8:42 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 24613

Re: Crypto bulls are back. Are you getting in?

allocating a tiny portion of my portfolio to anything isn't going to move the needle +1 This is a very valid point for those looking to "invest" in Crypto. What % of your total portfolio are you willing to risk in search of what % of out-performance? A 1%-5% stake probably wouldn't "move the needle...
by B. Wellington
Fri Apr 05, 2019 7:37 am
Forum: Investing - Theory, News & General
Topic: Indexing beats Wellington and Wellesley right?
Replies: 105
Views: 19166

Re: Indexing beats Wellington and Wellesley right?

Peak under the covers of Wellington and Wellesley. The expense ratio of .36 and .33 has been mentioned. $50k for Admiral shares. They are a pretty thin slice of the market. Stocks: 80 Wellington 69 Wellesley Bonds: 365 Wellington 315 Wellesley Duration 6.0 years for both Total US: 3,573 stocks Tota...
by B. Wellington
Wed Apr 03, 2019 7:22 am
Forum: Investing - Theory, News & General
Topic: For the people going to cash, how long?
Replies: 20
Views: 3320

Re: For the people going to cash, how long?

Hope to retire in 1.5 years or so. Am planning to maintain about 10 years of non-rebalancing funds in fixed income to ensure we make it to SS... as part of our 60/40 AA. I consider this out of the market because I will not use these funds to rebalance during market downturns. Fixed income in excess...
by B. Wellington
Tue Apr 02, 2019 12:58 pm
Forum: Investing - Theory, News & General
Topic: Indexing beats Wellington and Wellesley right?
Replies: 105
Views: 19166

Re: Indexing beats Wellington and Wellesley right?

Peak under the covers of Wellington and Wellesley. The expense ratio of .36 and .33 has been mentioned. $50k for Admiral shares. They are a pretty thin slice of the market. Stocks: 80 Wellington 69 Wellesley Bonds: 365 Wellington 315 Wellesley Duration 6.0 years for both Total US: 3,573 stocks Tota...
by B. Wellington
Thu Mar 21, 2019 7:27 am
Forum: Investing - Theory, News & General
Topic: Retired Investors - Do You Keep Cash For Down Years
Replies: 107
Views: 9008

Re: Retired Investors - Do You Keep Cash For Down Years

Not for "down years", but we do maintain a bit of cash. This is what we do: I am in retirement withdrawal phase. Three fund portfolio. Fixed income allocation is all in TBM, plus 6 months expense in a Money Market fund. Once per year in December we withdraw our estimated expenses for the following ...
by B. Wellington
Wed Mar 06, 2019 8:32 am
Forum: Investing - Theory, News & General
Topic: What do you tell people who ask for retirement/investment advice?
Replies: 71
Views: 5859

Re: What do you tell people who ask for retirement/investment advice?

I have a friend in the situation you described. He has basically mismanaged his personal finances for > 30 years, and he has pretty much ignored any advice. He lost his job more than 5 years ago, and he is now ekeing out a meager existence, relying on Social Security, public assistance programs, an...
by B. Wellington
Tue Mar 05, 2019 8:38 am
Forum: Investing - Theory, News & General
Topic: Pushing the frontier of behavioral finance
Replies: 38
Views: 3641

Re: Pushing the frontier of behavioral finance

Alex, I knew very little about investing in the '80's-90's. Information was hard to find for the small investor and stock picking was more popular than mutual funds at the time. High fees added to the losses. After taking some losses along the way I started to educate myself by reading everything th...
by B. Wellington
Tue Feb 19, 2019 6:37 am
Forum: Investing - Theory, News & General
Topic: Do you look back and wish you were more aggressive?
Replies: 64
Views: 4740

Re: Do you look back and wish you were more aggressive?

I am 52 and my portfolio is 65 stock 35 bond. What makes me perhaps a little unusual is that I have had a similar split (with at least 30% bonds) for at least 15 years - dating back to my 30s. It has always been a conscious decision on my part to have a conservative portfolio and this certainly did...
by B. Wellington
Fri Feb 15, 2019 6:36 am
Forum: Personal Investments
Topic: Fidelity/American Funds Portfolio - Help Appreciated
Replies: 15
Views: 1054

Re: Fidelity/American Funds Portfolio - Help Appreciated

FWIW....We hold American Balanced Fund in our 401(K)'s No Vanguard funds available at this time. As you might notice, I like the idea of one fund and done for simplicity. (Also American Balanced does hold a small % in international.) Yes, I could slice and dice more but I don't worry too much about ...
by B. Wellington
Wed Jan 23, 2019 7:55 am
Forum: Investing - Theory, News & General
Topic: Your Retirement W/D method and why?
Replies: 40
Views: 3970

Re: Your Retirement W/D method and why?

To be honest, I just got tired of reading endless circular debates on every aspect of investing, personal finance, and microeconomics. I thought, "all these people talking past each other, does any of it really matter?" Everything I read outside these fields demonstrated that it did not. I also got...
by B. Wellington
Thu Jan 17, 2019 7:45 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 55993

Re: John Bogle, who founded Vanguard and revolutionized retirement savings, dies at 89

He could’a been a billionaire. Instead he made hundreds of thousands of us investors millionaires. This ^ Plus a great quote from Morgan Housel on twitter: John Bogle built a nonprofit business with $5 trillion under management. What would have been profit effectively went to retirees. He's the big...
by B. Wellington
Wed Nov 21, 2018 7:03 am
Forum: Investing - Theory, News & General
Topic: Opinion Required
Replies: 41
Views: 2587

Re: Opinion Required

This is exactly why I manage my own investments. You are tracking daily market movements in an effort to guess where they might go from here. Listening to the financial news in a futile effort to outsmart the overall market, probably second guessing your original plan. This is what keeps people up a...
by B. Wellington
Sat Nov 10, 2018 6:49 am
Forum: Personal Investments
Topic: Strategy during the last stock market decline
Replies: 58
Views: 7281

Re: Strategy during the last stock market decline

My wife and I were really scared. We did nothing at all. I wouldn't call it a "strategy." +1 We had no real strategy. This was pre-Bogleheads, 2000 and 2008. Lost a huge amount in 401K's and IRA's, the wife works for a small employer and they could no longer afford to offer 401K's and health insura...
by B. Wellington
Thu Oct 25, 2018 8:52 am
Forum: Investing - Theory, News & General
Topic: Scariest Things Heard This Week (Investing)
Replies: 9
Views: 2755

Re: Scariest Things Heard This Week (Investing)

EJ rep stopped by again (I know they are required to make x number of contacts per week etc.) Told him investing is something I have been doing most of my adult life and that I enjoy it. I was honest and also told him that I was part of this forum. (Deer in the headlights look.) "I've NEVER heard of...
by B. Wellington
Thu Oct 25, 2018 6:03 am
Forum: Investing - Theory, News & General
Topic: The ship metaphor
Replies: 24
Views: 2201

Re: The ship metaphor

Harbor (after) in the Tempest....

...Words borrowed from the group U2

Make a plan that you can stick with through good weather and bad.
by B. Wellington
Wed Oct 24, 2018 7:15 am
Forum: Investing - Theory, News & General
Topic: What's Your Fixed Income Strategy?
Replies: 89
Views: 9847

Re: What's Your Fixed Income Strategy?

There are a lot of great threads and posts about specific Bond and/or CD topics that helpful Bogleheads respond to, but I'm interested in your Philosophy and Strategy (two of three of Rick Ferri's attributes in investing) when it comes to the fixed income portion of your AA, especially folks 5 year...
by B. Wellington
Tue Oct 23, 2018 7:26 am
Forum: Personal Investments
Topic: How do you prepare for and start withdrawal stage....
Replies: 4
Views: 855

Re: How do you prepare for and start withdrawal stage....

I'm sure others will chime in with more detailed information. That said, we are basically on the same page as you but with no pension and a few years older. Depending on the pension payout I would be careful increasing the % of withdraw rate. The rest of your plan seems to be on the right page. For ...
by B. Wellington
Fri Oct 19, 2018 10:28 am
Forum: Investing - Theory, News & General
Topic: Set it and forget it
Replies: 74
Views: 13804

Re: Set it and forget it

Thanks again Rick for the timely reminder.

Wish I had heard this 30 years ago. However, back then I did find out about this little company named Vanguard. :beer
by B. Wellington
Wed Oct 17, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: What do you consider 'enough'?
Replies: 96
Views: 11630

Re: What do you consider 'enough'?

Does anyone out there in their working years have a way of figuring out what is 'enough' in terms of income to support their current lifestyle and to also save for the future? I know it's different for everyone but I'd be curious to hear your thoughts on if and how you calculate how much is 'enough...
by B. Wellington
Fri Oct 12, 2018 4:48 am
Forum: Personal Finance (Not Investing)
Topic: “$1000/month job is worth $300k in retirement funds” // What are some retirement jobs you would actually enjoy doing?
Replies: 103
Views: 10311

Re: “$1000/month job is worth $300k in retirement funds” // What are some retirement jobs you would actually enjoy doing

Wouldn't it be better to work another year or so at your actual profession, and not worry about this? Seems like a much more efficient way to get the money when compared to years of some random low-paying part-time job. yea, that's my thinking. I thought of quitting and go part time working 20 hour...
by B. Wellington
Tue Oct 02, 2018 7:29 am
Forum: Investing - Theory, News & General
Topic: Thoughts on investing for dividends? Website DRIP?
Replies: 7
Views: 886

Re: Thoughts on investing for dividends? Website DRIP?

Sandtrap as others have mentioned, In the 1980's and 90's DRIP's were a convenient, NO cost or low cost way for the small investor to build shares. Performance was fair at best because of the narrow focus on utilities, banks, and energy companies. Diversification was difficult unless you bought doze...
by B. Wellington
Tue Sep 18, 2018 6:07 am
Forum: Investing - Theory, News & General
Topic: 401k: Why not only after-tax?
Replies: 37
Views: 4437

Re: 401k: Why not only after-tax?

I have seen a number of threads where people are balancing pre-tax and after-tax in their 401K accounts. The bottom line: It is more efficient to use pre-tax if you expect to be in a lower tax bracket at withdrawal, it is more efficient to use after-tax if you expect to be in a higher tax bracket a...
by B. Wellington
Thu Sep 13, 2018 6:00 am
Forum: Personal Investments
Topic: What do I do with my investments during a downturn/recession?
Replies: 24
Views: 3296

Re: What do I do with my investments during a downturn/recession?

Continue doing what you do today. +1 During 2008-09 (my mid 50s) I kept on contributing to my 403B plan as I had been doing since the mid 1980s: 50% stock, 50% stable-value fund, without rebalancing. (This was before I found Bogleheads and learned about rebalancing.) +2 I don't have a 403B plan. Ho...
by B. Wellington
Mon Sep 10, 2018 10:29 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1536
Views: 158144

Re: U.S. stocks continue to soar!

After several bad days, we can change the title to US Stocks Continue to Sore! I had some uneasiness when this thread popped up. Sure enough, the market has drifted downward since. To my dismay, the thread caught on. This reminds me of the "Elves", the panel of technical analysts who weekly gave ou...
by B. Wellington
Wed Sep 05, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: Investment Books
Replies: 47
Views: 3908

Re: Investment Books

Bogleheads - In the interest of simplicity and minimalism I have a question that I am very interested in thoughts and feedback. How many investment books do you typically have on a bookshelf? Do you continue to buy books? Have you made a decision over time to remove? We have really cleaned out our ...
by B. Wellington
Wed Aug 22, 2018 7:29 am
Forum: Personal Investments
Topic: Nearing retirement - portfolio suggestions
Replies: 8
Views: 1067

Re: Nearing retirement - portfolio suggestions

Just a couple of things to consider. Is your wife willing and able to re-balance this portfolio if something happens to you? Your Asset Allocation looks to be 50/50, is this your target going into retirement? And are you comfortable having this much in cash? How are you planning to withdraw from thi...
by B. Wellington
Thu Aug 09, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: Dividend Growth Investing--what's the attraction?
Replies: 12
Views: 2327

Re: Dividend Growth Investing--what's the attraction?

+1 Nice post Jo. "High Quality" = "Less" risk and a margin for error. I look at dividends much in the same way. However I am ~3 years from RE. (Retire Early) I have no particular opinion on the substance of the dividends issue. But I can't help but notice that you have the perfect screen name for s...
by B. Wellington
Thu Aug 09, 2018 5:48 am
Forum: Investing - Theory, News & General
Topic: Dividend Growth Investing--what's the attraction?
Replies: 12
Views: 2327

Re: Dividend Growth Investing--what's the attraction?

Dividends signal something about a company. Lowering or stopping a regular dividend is treated adversely in the market, and a company that has a long history of uninterrupted and rising dividends is a pretty good signal that the company is doing ok financially and that the management is taking the ...
by B. Wellington
Thu Aug 02, 2018 4:54 am
Forum: Investing - Theory, News & General
Topic: Respect the Magical Power of Mean Reversion
Replies: 20
Views: 2351

Re: Respect the Magical Power of Mean Reversion

The problem with reversion to the mean is that we don't know if or when that will happen. Or how swiftly that movement could take place. It could be a slow and steady process that may take years to develop and we just don't know for sure. Following the advice and acting on it in 2013 would have resu...
by B. Wellington
Wed Jul 25, 2018 5:00 am
Forum: Investing - Theory, News & General
Topic: size/liquidity of your emergency fund in retirement?
Replies: 9
Views: 1274

Re: size/liquidity of your emergency fund in retirement?

Over the last few years there have been many debates on emergency funds, how much CASH to keep on hand? Bucket strategies consisting of X number of years in "liquid" investments, etc. I am at a point where I look at this as a "spending fund" rather than a "bucket system" or emergency fund. Others ha...
by B. Wellington
Fri Jul 13, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 91
Views: 7910

Re: Would you trade experiences in your youth for early retirement

Thanks Timelord, this topic though touched on in the FIRE community once in awhile, has become very important to the DW and I today. In our advancing years we have seen more and more family members and close friends pass and has made us stop and reflect on what truly is important in our lives. I wou...
by B. Wellington
Wed Jun 13, 2018 9:33 am
Forum: Investing - Theory, News & General
Topic: You Can Market Time At Valuation Extremes
Replies: 128
Views: 13970

Re: You Can Market Time At Valuation Extremes

Sure, in hindsight the 90 CAPE in Japan was insane. But Black Tuesday happened at around 30 CAPE. If you had been Japanese during the boom and sold all your equities when CAPE hit 30, where would that have left you? Successfully market timing doesn't mean just correctly saying that the market is ov...