Search found 81 matches

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: 14
Views: 1415

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: 14
Views: 1415

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: 11027

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: 2037

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: 57261

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: 2194

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: 12628

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: 11881

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: 4070

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: 4473

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: 2583

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: 6294

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: 27169

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: 8365

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: 6294

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: 11997

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: 18202

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: 4548

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: 2928

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: 2928

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: 37763

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: 2916

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: 5123

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: 10861

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: 12256

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: 12256

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: 8441

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: 4957

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: 8323

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: 8496

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: 13960

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: 9024

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...
by B. Wellington
Fri May 05, 2017 10:34 am
Forum: Investing - Theory, News & General
Topic: Tips From Older Bogleheads?
Replies: 52
Views: 5729

Re: Tips From Older Bogleheads?

Hello Bogleheads! For those of you that are older and more experienced. What are some things you have learned from investing over the years? What are some tips for young investors that have only experienced a bull market? Anything from the past that you wish you paid closer attention to? Thank you ...
by B. Wellington
Tue Mar 21, 2017 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 8166

Re: Recommended emergency fund for middle class households: $13,800

For those of you with multiple years of emergency funds, are you anywhere near or in retirement? All depends on stability of employment. Discrimination is alive and well. ^^^ +1 This is a very valid point. Try replacing 6 months to 1 year of income (expenses) when you are 59...? In many cases mega-...
by B. Wellington
Fri Mar 17, 2017 10:25 am
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 12240

Re: Anyone else taking less risk

We are 5 years from "early" retirement, maybe less. ( At least the real possibility of only working part-time.)

60/40 AA. Directing dividends from taxable to our money market account. Okay, now we are at 59/41... :oops:
by B. Wellington
Thu Mar 16, 2017 1:32 pm
Forum: Personal Consumer Issues
Topic: Vegetable Gardening - seeds vs seedlings?
Replies: 29
Views: 3198

Re: Vegetable Gardening - seeds vs seedlings?

For those who are not quite sure what SFG is you may want to check out melbartholomew.com Mel Bartholomew, originator and founder of the Square Foot Gardening Foundation. Author of the square foot gardening book will explain all of the basics in more detail. 4' x 4' Raised beds. No digging. No tilli...
by B. Wellington
Thu Mar 16, 2017 10:22 am
Forum: Personal Consumer Issues
Topic: Vegetable Gardening - seeds vs seedlings?
Replies: 29
Views: 3198

Re: Vegetable Gardening - seeds vs seedlings?

Urban Farmer here...Zone 6a. First take it slow, a bigger garden is not always the way to go. More work, weeding, and expense. You want to make it an enjoyable hobby not a chore. Our beds are approximately 200 square feet, enough produce for 2 and extra to give to family and friends. The only thing...
by B. Wellington
Thu Mar 16, 2017 7:31 am
Forum: Personal Consumer Issues
Topic: Vegetable Gardening - seeds vs seedlings?
Replies: 29
Views: 3198

Re: Vegetable Gardening - seeds vs seedlings?

Urban Farmer here...Zone 6a. First take it slow, a bigger garden is not always the way to go. More work, weeding, and expense. You want to make it an enjoyable hobby not a chore. Our beds are approximately 200 square feet, enough produce for 2 and extra to give to family and friends. The only thing ...
by B. Wellington
Tue Mar 07, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 188
Views: 22410

Re: How Much in Your Emergency Fund And Is It Used?

Over the years I have questioned this. How much is "enough" and how much is too much? I have run it to almost zero when aggressively investing and as high as 25-30K. Now holding at 25K. I view this as a "spending"/EF fund. For example, to payoff the CC card after buying plane tickets etc., we also h...
by B. Wellington
Fri Feb 03, 2017 8:14 am
Forum: Investing - Theory, News & General
Topic: Just watched Warren Buffett's new HBO Documentary
Replies: 50
Views: 7803

Re: Just watched Warren Buffett's new HBO Documentary

I'm not sure WB is talked about correctly in many posts. Is he really a stock picker at all? Or, is he a businessman who buys businesses? Don't the rest of us buy stocks of his businesses? I hardly think his success has all been random or luck, also. He is a very smart man with a keen business mind...
by B. Wellington
Thu Feb 02, 2017 10:24 am
Forum: Investing - Theory, News & General
Topic: Just watched Warren Buffett's new HBO Documentary
Replies: 50
Views: 7803

Re: Just watched Warren Buffett's new HBO Documentary

Buffett was on Charlie Rose (PBS) recently. I really enjoy listening to him. He did mention that in todays investment world (stock picking) has become very difficult compared to his earlier years and he was having a tough time finding "good companies at a good price". He's good at finding deals dur...
by B. Wellington
Thu Feb 02, 2017 5:53 am
Forum: Investing - Theory, News & General
Topic: Just watched Warren Buffett's new HBO Documentary
Replies: 50
Views: 7803

Re: Just watched Warren Buffett's new HBO Documentary

Buffett was on Charlie Rose (PBS) recently. I really enjoy listening to him.

He did mention that in todays investment world (stock picking) has become very difficult compared to his earlier years and he was having a tough time finding "good companies at a good price".
by B. Wellington
Thu Jan 26, 2017 11:30 am
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 11512

Re: Risk tolerance when you meet your number

I've been approximately in the theoretical FI realm for about 1-1.5 years now and still working. I didn't really do anything special or different. I have a target AA and a bit of a glide path I'm working (moving between 80/20 and 70/30 as fast as buying bonds with new money gets me there). So right...
by B. Wellington
Mon Dec 19, 2016 8:24 am
Forum: Investing - Theory, News & General
Topic: Concept of Bogleheads needing to "Save more"
Replies: 61
Views: 6071

Re: Concept of Bogleheads needing to "Save more"

The correct admonition is to save enough. The context is that most people are not saving enough. Therefore the message can be to save more. It has been discussed before that being frugal or even a miser has little to do with BH investing. I think that what goes on here is trying to help people unde...
by B. Wellington
Mon Dec 05, 2016 2:28 pm
Forum: Investing - Theory, News & General
Topic: Retirees and risk-taking
Replies: 11
Views: 1583

Re: Retirees and risk-taking

It's not an earth-shattering risk, but the biggest risk I've taken is to hold a higher weight in equities than many experts recommend (my fixed income allocation is only 25%). It was done, not because I'm either "brave" or reckless, but because after several years of deep consideration I feel it ma...
by B. Wellington
Mon Dec 05, 2016 8:22 am
Forum: Investing - Theory, News & General
Topic: Retirees and risk-taking
Replies: 11
Views: 1583

Re: Retirees and risk-taking

I think that for any such discussions, one must realize that it is one thing to imagine a stock market melt-down and quite another to live through one. So judge your risk tolerance not by what you think you would do, but what you have done (during a market crash). ^^^This! We have had quite a numbe...
by B. Wellington
Sun Dec 04, 2016 1:23 pm
Forum: Investing - Theory, News & General
Topic: Shocking Bogle quotes
Replies: 19
Views: 2964

Re: Shocking Bogle quotes

IMHO, I do not find any of this "shocking." Mr. Bogle has repeatedly suggested that as one gets older he/she "should" reduce equity exposure. That said, he has been open minded on "adding investments only on the margins." While holding your core AA. He also "cautioned" investors in 2000 about the "h...
by B. Wellington
Thu Nov 17, 2016 6:53 am
Forum: Investing - Help with Personal Investments
Topic: 100% Total Stock Market portfolio
Replies: 31
Views: 5023

Re: 100% Total Stock Market portfolio

Say I would've put all of my money in stocks in 1991, like the VTSAX, how much would 250k be worth today? My second question, is it really worth having bonds if the answer to my first question is what I think it is??? Thanks!! I have to ask, would you have been able to hold on during 1994? 2000-200...
by B. Wellington
Tue Nov 01, 2016 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Retirement savings catch up advice
Replies: 22
Views: 2718

Re: Retirement savings catch up advice

Just wanted to share that I chose Vanguard LifeStategy Conservative Growth for one of my HSA's this year and it's up 9+%. It was up 11+% last quarter. It seems to be a gem of a fund. Then I read an article that Dan Wiener said it is a really good fund this year for Vanguard. From what I understand ...