Search found 1249 matches

by cinghiale
Mon Jul 06, 2020 2:03 pm
Forum: Investing - Theory, News & General
Topic: What is your contrarian/alternative play?
Replies: 30
Views: 2550

Re: What is your contrarian/alternative play?

Cash. Gobs of cash. For now, I have almost 30% of my portfolio in Vanguard Treasury Money Market fund. I’ve lowered both equity and bond exposure. If it turns out to be a bad move, “so what... big deal.“ * The 30% stock holdings can continue to do their levitating act, and the 40% bond allocation ca...
by cinghiale
Sat Jun 27, 2020 5:54 am
Forum: Investing - Theory, News & General
Topic: Principal residence as only real estate investment?
Replies: 15
Views: 1787

Re: Principle residence as only real estate investment?

OP, not to be snarky, but you might want to edit your title to read “Principal residence...”
by cinghiale
Thu Jun 25, 2020 12:41 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4448
Views: 1258448

Re: What Book Are You Currently Reading? Part VI

Hard Times: An Oral History of the Great Depression By Studs Terkel. (1970) One of those books I had always meant to read. I got a nudge from George Friedman writing in his Geopolitical Futures letter, and found it to be relevant, compelling, touching reading. One key, hard-hitting takeaway? This i...
by cinghiale
Wed Jun 24, 2020 4:32 am
Forum: Investing - Theory, News & General
Topic: Taleb: The coronavirus is not a black swan.
Replies: 81
Views: 7826

Re: Taleb: The coronavirus is not a black swan.

dbr wrote,
Here is a history chart: https://www.visualcapitalist.com/histor ... deadliest/
Thanks, dbr, for the link to the chart for bringing this intriguing website to our attention. Lots of good visuals.
by cinghiale
Fri Jun 19, 2020 12:08 pm
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 10639

Re: Retiring Abroad

Protagonist wrote, cinghiale wrote, When it comes to foreign exchange, “never assume the permanence of the present arrangement.” I would go further and eliminate the first phrase. Never assume the permanence of the present arrangement, period. First hand experience....when I bought my condo on a be...
by cinghiale
Sun Jun 14, 2020 5:53 am
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 10639

Re: Retiring Abroad

Not that much to add to the excellent responses on this thread. I live in one of the countries identified by the OP as a country under consideration. Note well the language issue. In none of the four countries you identified will you be able to manage without at bare minimum an intermediate to high-...
by cinghiale
Fri Jun 12, 2020 10:12 am
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 10639

Re: Retiring Abroad

OP , you didn’t reply to Watty’s key question about what region or countries you would be willing to consider. There’s no good way to offer usable perspective for you until you do. I would strongly encourage you to look at Europe. I have “skin in the game,” as I’m five years retired and have been l...
by cinghiale
Fri Jun 12, 2020 9:59 am
Forum: Personal Investments
Topic: Douglas Theory Investing
Replies: 10
Views: 688

Re: Douglas Theory Investing

Seconding RadAudit, this sounds like an iteration of the old “Dogs of the Dow” strategy.

Now someone wants to promote the “Nobility of the NASDAQ?”*

*(I’m killing myself here as I can’t come up with a synonym for “large” that begins with the letter n. Any help here, logophiles?).
by cinghiale
Sun Jun 07, 2020 12:54 pm
Forum: Investing - Theory, News & General
Topic: The Foster Portfolio (2017)
Replies: 17
Views: 1368

Re: The Foster Portfolio (2017)

That’s was a fine short film and adaptation of the Vonnegut short story. Thanks for posting it.

The portfolio value got me curious as well, and as Horton did, I found something just over 10 million converted into 2020 Dollars.
by cinghiale
Tue May 26, 2020 12:34 pm
Forum: Investing - Theory, News & General
Topic: Why did you change your investing approach?
Replies: 36
Views: 2125

Re: Why did you change your investing approach?

tvubpwcisla wrote, I would challenge Bill to not think of just himself. He should continue to invest for his family and future generations. I think you misapprehend what Dr. Bernstein advised. Try this: You reach a certain age, you have sacrificed to accumulate savings (“deferred gratification”), a...
by cinghiale
Tue May 26, 2020 10:34 am
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 79
Views: 4256

Re: Bogleheads: What is your largest single stock holding? (if any)

Johnson & Johnson (JNJ)

It sits there in the taxable account... inflated, successful, ponderous, weighty... about 4% of the total equity holdings and maybe 1.5% of the overall portfolio.

It carries whopping capital gains, and that’s why it remains. All in all, not a horrible problem to have.
by cinghiale
Sun May 24, 2020 11:29 am
Forum: Investing - Theory, News & General
Topic: Why did you change your investing approach?
Replies: 36
Views: 2125

Re: Why did you change your investing approach?

My investing approach changed as I absorbed the insights of Bill Bernstein and Rick Ferri, and after a careful examination of the long-term results of Vanguard’s Wellesley Income Fund, which holds a 38%-62% stock-to-bond ratio, Why such a change? Bill Bernstein challenges the investor to answer the ...
by cinghiale
Sat May 23, 2020 1:07 pm
Forum: Personal Investments
Topic: Thinking of selling some SP 500 to buy more Wells Fargo
Replies: 75
Views: 5438

Re: Thinking of selling some SP 500 to buy more Wells Fargo

OP , Please help me with something. From where (within the United States?) are you writing? Forgive me, but I cannot get past your... oh, let’s say... struggling grammar. I cannot divorce it from your advocacy of your I’m-going-to-hit-a-homerun-on-this-stock buying strategy. Are your writing and in...
by cinghiale
Sat May 23, 2020 2:58 am
Forum: Personal Investments
Topic: Does larger portfolio make one more or less risk tolerant
Replies: 25
Views: 2029

Re: Does larger portfolio make one more or less risk tolerant

What StormShadow wrote ^^^^^^^^ This is as much a behavioral issue as it is a financial calculation. Now in retirement and with “enough,” I see no reason to take risks. Our portfolio embraces Rick Ferri’s sweet spot of 30% stocks, 70% bonds. We may miss out on some of the gains that a higher allocat...
by cinghiale
Mon May 18, 2020 12:29 am
Forum: Personal Consumer Issues
Topic: Seeking Book Recommendations: Failed States
Replies: 8
Views: 1037

Re: Seeking Book Recommendations: Failed States

The works of Robert Kaplan come to mind. You may want to look over his books on Amazon, and do an online search for his essays. Unfortunately, The Coming Anarchy is now twenty years old, and will be somewhat dated. But Kaplan is a captivating and good writer, and worth a look. Also, on a related not...
by cinghiale
Sun May 17, 2020 12:28 pm
Forum: Personal Investments
Topic: Ever Buy a “Good Cause” Stock?
Replies: 11
Views: 638

Re: Ever Buy a “Good Cause” Stock?

Appreciate the responses. Looks like the nub of the matter is that buying stock does not function in any way to assist or endorse the company (unless, as mentioned, it’s a new issue).
by cinghiale
Sun May 17, 2020 5:50 am
Forum: Personal Investments
Topic: Ever Buy a “Good Cause” Stock?
Replies: 11
Views: 638

Ever Buy a “Good Cause” Stock?

Have you ever bought shares in a company as a way to support its cause, activity, or product? And, perhaps more importantly, does buying stock in a company, especially a smaller company, “help” it? I just bumped into such a stock. It’s a small European company engaged in a project that would help ad...
by cinghiale
Fri May 15, 2020 4:07 am
Forum: Personal Finance (Not Investing)
Topic: What are the most valuable things in life?
Replies: 7
Views: 864

Re: What are the most valuable things in life?

A slight variation on the OP’s ... In total and absolute first place: Loved ones and good health. Sustained, open, full relationships with those who, by blood and by friendship, we have bonded. And then the strength, energy, flexibility, and overall sense of well-being that hopefully, fortunately, b...
by cinghiale
Thu May 14, 2020 10:46 am
Forum: Forum Issues and Administration
Topic: New bogleheads induction [Request for new subforum]
Replies: 59
Views: 3765

Re: New bogleheads induction

OP , I’m sympathetic. Really, I am. Please see the second quote in my signature line. With all that has happened in the past few months, we are living in unique and unprecedented times, when "the first duty of intelligent (veteran Bogleheads posters) is the restatement of the obvious." The scammers...
by cinghiale
Mon May 11, 2020 3:44 am
Forum: Personal Consumer Issues
Topic: A Tsunami of Unsolicited Stupidity
Replies: 12
Views: 2998

Re: A Tsunami of Unsolicited Stupidity

Thanks all, for the replies and insights. I do feel like a dolt in asking about the mechanics... by shifting back to the gmail app (which I don’t normally use), I can use the “block,” “report spam,” and “unsubscribe”-type functions. I had forgotten about that. :oops: Still, the volume of these inane...
by cinghiale
Sun May 10, 2020 7:53 am
Forum: Personal Consumer Issues
Topic: A Tsunami of Unsolicited Stupidity
Replies: 12
Views: 2998

A Tsunami of Unsolicited Stupidity

Is anyone else being afflicted with what follows? Have you found any solutions? Just about two weeks ago one of my email accounts started getting daily mailings from a cluster of “investment advisory letters.” I had never heard of any of these people or products, never signed up for any of them, and...
by cinghiale
Thu May 07, 2020 6:45 am
Forum: Personal Investments
Topic: Please help me get out of international
Replies: 64
Views: 3495

Re: Please help me get out of international

tea_pirate wrote, Almost nobody comes on the Internet anymore to learn new things and logically test their existing beliefs against new info. People come to forums like this and other sites like Reddit to validate that others agree with what they already know to be true, while simply scrolling past...
by cinghiale
Thu May 07, 2020 5:24 am
Forum: US Chapters
Topic: first post since 2010!
Replies: 13
Views: 1465

Re: first post since 2010!

Good Morning, Ed,
Let me add another “Welcome Back.” It’s good to have as many of the rooted, longer-term keepers of the flame alive, kicking, posting, and reminding the forum of its raison d'être.
by cinghiale
Wed May 06, 2020 10:06 am
Forum: Personal Consumer Issues
Topic: 2020 travel plans
Replies: 95
Views: 4598

Re: 2020 travel plans

If this thread stays focused on travel as an expense, an investment, an allocation of one’s budget, it should remain actionable and steer clear of the moderators. If, however, it becomes a surrogate for commenting on and criticizing those who are overreacting to or not taking seriously enough the cu...
by cinghiale
Tue May 05, 2020 6:04 am
Forum: Investing - Theory, News & General
Topic: All my friends are outperforming index funds
Replies: 122
Views: 11455

Re: All my friends are outperforming index funds

Three months of investment performance in any circumstance is just noise. Anything can outperform anything else in such a short time span. As other posters have mentioned, poll your friends again in two years. Five would be better still. These last three months have been extraordinary times. Spiked ...
by cinghiale
Tue May 05, 2020 5:51 am
Forum: Personal Investments
Topic: Tell me what I don't know about retirement?
Replies: 55
Views: 5034

Re: Tell me what I don't know about retirement?

Watty mentioned: I would highly recommend the book Medicare for Dummies despite the title to help understand how Medicare works. Agreed, but note that the only version currently available is from 2017, and it does not include the changes and provisions of the 2018 Tax Reform Bill. The updated 2020 ...
by cinghiale
Sat May 02, 2020 8:21 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe..Four Investment lessons from Covid
Replies: 56
Views: 8052

Re: Larry Swedroe..Four Investment lessons from Covid

Typical.investor wrote, Larry's advice changes with the season. Today, it's only the safest bonds. Yesterday, it was... I’d like to come to Larry Swedroe’s defense on the matter of bonds. I took action on his advice years ago and shifted my fixed asset allocation from total bond to the intermediate...
by cinghiale
Tue Apr 28, 2020 1:29 am
Forum: US Chapters
Topic: What is a Boglehead? Some Fun.
Replies: 53
Views: 3124

Re: What is a Boglehead? Some Fun.

I would add that being a Boglehead includes having a certain mindset. A Boglehead understands that s/he cannot pick the next outstanding stock, sector, fund, manager, or strategy. As you look out over 5, 10, 20 years, it becomes apparent that such acumen simply does not exist over the long(er) term....
by cinghiale
Mon Apr 20, 2020 6:26 am
Forum: Investing - Theory, News & General
Topic: Best Financial Instrument to profit from the upcoming Oil-Price Recovery
Replies: 55
Views: 3993

Re: Best Financial Instrument to profit from the upcoming Oil-Price Recovery

jebmke wrote, They always lose me at “we all know” Yes. And phrases like that usually precede a conviction posed as a question. The question here is, “ My questions therefore is, what is the best way to profit from my above assumption? What financial instrument exist that I could buy?” But it reall...
by cinghiale
Mon Apr 13, 2020 2:40 am
Forum: Investing - Theory, News & General
Topic: "The Day the Bubble Burst," eBook flash sale, $1.99
Replies: 11
Views: 1506

Re: "The Day the Bubble Burst," eBook flash sale, $1.99

Bought it, Thanks for the heads-up, nisiprius.

I always enjoy these Kindle flash sale recommendations. Good reading for whatever quarantining awaits.
by cinghiale
Wed Apr 08, 2020 6:10 am
Forum: Personal Consumer Issues
Topic: How do you maximize enjoyment after achieving FI?
Replies: 161
Views: 8794

Re: How do you maximize enjoyment after achieving FI?

A thought... How about creating some categories and then finding one appealing strategy and/or action for each? For example, 1) Charity. Find a cause that lines up with your values. Figure out whether you want to go big (confronting environmental degradation and pollution) or small (assistance to a ...
by cinghiale
Wed Mar 25, 2020 5:37 am
Forum: Personal Investments
Topic: Why not stand on the sidelines for a little while?
Replies: 302
Views: 14714

Re: Why not stand on the sidelines for a little while?

OP, I have to agree with Pinotage . Go ahead and cash out. You have marshaled what you consider to be compelling and overwhelming evidence that the markets are going to tank in the months to come. May we assume you have reviewed the key threads that warn against this form of market timing? Poster W...
by cinghiale
Mon Mar 23, 2020 6:06 am
Forum: Investing - Theory, News & General
Topic: Wisdom and Perspective from Jonathan Clements
Replies: 19
Views: 2559

Re: Wisdom and Perspective from Jonathan Clements

JustinR asked , Isn’t that locking in a loss? Clements is not as clear as he should have been on that point. As poster nps mentioned, buying an identical fund would run afoul of the IRS regulation on wash sales. There is great benefit to tax loss harvesting, though, as many current threads discuss....
by cinghiale
Mon Mar 23, 2020 3:21 am
Forum: Investing - Theory, News & General
Topic: Wisdom and Perspective from Jonathan Clements
Replies: 19
Views: 2559

Re: Wisdom and Perspective from Jonathan Clements

I’m bumping this thread (at the risk of falling into a Seinfeld character category... self-bumper , like a low talker or a re-gifter). The motivation comes from the increasing number of threads with titles such as: —Should I have seen this coming? —Is it really that bad? —Unprepared for Potential Gr...
by cinghiale
Sun Mar 22, 2020 2:58 am
Forum: Personal Consumer Issues
Topic: If you could only listen to one podcast...
Replies: 138
Views: 11695

Re: If you could only listen to one podcast...

Wow. A treasure trove of great suggestions for podcasts. A big “Thank You” to all who have contributed. I’m in a corner of the world that’s been in lockdown for a week now, and will be for a while to come, so this thread is oh-so germane. My vote would be for Sam Harris and his “Making Sense” (Forme...
by cinghiale
Sat Mar 21, 2020 6:02 am
Forum: Investing - Theory, News & General
Topic: Wisdom and Perspective from Jonathan Clements
Replies: 19
Views: 2559

Wisdom and Perspective from Jonathan Clements

Long-time readers of this forum will be acquainted with Jonathan Clements, former WSJ finance columnist and now writer of the excellent Humble Dollar weekly letter. This weeks letter, “27 Things to Do Now,” is full of balanced and smart thinking about the current crisis and how to react/respond/act ...
by cinghiale
Tue Mar 17, 2020 3:27 am
Forum: Personal Investments
Topic: tax harvesting ?
Replies: 5
Views: 388

Re: tax harvesting ?

HenrysPlan2 asked, Is there anyone doing this? I am still wanting to know if it’s a good idea to do so. Yes, I’m planning to do some tax loss harvesting, while preserving and maintaining my current allocation of assets. . It may be a good idea for you if you are able to capture a good chunk of capi...
by cinghiale
Mon Mar 16, 2020 11:33 am
Forum: Personal Investments
Topic: Wash Sale Guidance
Replies: 4
Views: 181

Wash Sale Guidance

Looking for the wisdom of the forum on the following. One of my holdings in a taxable account, Vanguard FTSE ex-US Index fund (VFWAX), is now showing an impressive capital loss. I’d like to make an exchange, selling the FTSE ex-US fund and buying Vanguard’s Total International Stock Index fund in it...
by cinghiale
Tue Feb 11, 2020 6:04 am
Forum: Investing - Theory, News & General
Topic: Stocks with Shareholder Benefits?
Replies: 24
Views: 1505

Re: Stocks with Shareholder Benefits?

tibbitts wrote, I have Carnival stock - the credit is similar to NCL but superior for Bogleheads. You can't use the NCL credit for your service charges, which probably even tightwad Bogleheads all pay. On most cruises the only charges I have are service charges. Per NCL T&C: ... It may not be used ...
by cinghiale
Mon Feb 10, 2020 9:18 pm
Forum: Investing - Theory, News & General
Topic: Stocks with Shareholder Benefits?
Replies: 24
Views: 1505

Re: Stocks with Shareholder Benefits?

The OP may want to check out a similar thread on this topic from two years ago: https://www.bogleheads.org/forum/viewtopic.php?t=247440 My posting there mentioned Norwegian Cruise Lines (NCLH). We continue to cruise, and we continue to get the additional onboard credit for being shareholders. In thr...
by cinghiale
Wed Jan 01, 2020 6:13 am
Forum: Investing - Theory, News & General
Topic: Before I found Bogleheads.....
Replies: 36
Views: 3519

Re: Before I found Bogleheads.....

Well, that’s embarrassing.

I was also off in terms of the benchmarks. Looks like the S&P 500 was up 31.5%. Given the .82% expense ratio for FCNTX, I’ll toss in the appropriate mea culpas though stand by my conclusions.
by cinghiale
Wed Jan 01, 2020 5:51 am
Forum: Investing - Theory, News & General
Topic: Before I found Bogleheads.....
Replies: 36
Views: 3519

Re: Before I found Bogleheads.....

Intriguing question. Many things come to mind, but the big one was this: I didn’t know how important it was or how revealing it was to measure a mutual fund’s performance against an appropriate benchmark. For years I threw our money at whatever hotshot fund manager or cutting-edge sector fund that w...
by cinghiale
Fri Nov 22, 2019 1:13 am
Forum: Personal Consumer Issues
Topic: Spending money to make travel easier and luxurious?
Replies: 85
Views: 8575

Re: Spending money to make travel easier and luxurious?

Here’s a variation on some of the good suggestions offered thus far. We have opted for staying in an airport hotel the night before any morning hour departure, especially for a long haul flight. Given all the jostling-related stress of air travel these days, we found that waking up in a hotel proper...
by cinghiale
Thu Nov 21, 2019 2:45 pm
Forum: Personal Consumer Issues
Topic: Year in Europe (location advice)
Replies: 34
Views: 2571

Re: Year in Europe (location advice)

I would be careful of dominant dialects and languages. Unless you make a commitment to speak Catalan, Barcelona may not be your best choice. You may want to look three hours south of Barcelona along the coast to Valencia, Spain’s third largest city. A still-as-yet-to-be-fully-discovered gem. Boston’...
by cinghiale
Wed Nov 06, 2019 1:47 pm
Forum: Personal Consumer Issues
Topic: For those who fly often
Replies: 14
Views: 3542

Re: For those who fly often

A moderator just chimed in with, Please stick with the original question. If you have a suggestion for neck pillow then share. Topic is not about paying for first class. I do not concur with the “level of generality” imposed by that reply. This discussion is about personal bodily comfort during air ...
by cinghiale
Tue Sep 17, 2019 2:55 am
Forum: Personal Consumer Issues
Topic: Seasoned retirees...
Replies: 52
Views: 5051

Re: Seasoned retirees...

Not yet ten years into retirement, but far enough along the way to reflect on this. I would add to the fine comments already posted that there’s great satisfaction in recognizing what one has been freed from having to do in retirement. I have referred to this in past posts as “negative freedom,” the...
by cinghiale
Sat Sep 14, 2019 9:31 am
Forum: Spain
Topic: Retirement - Spain or Portugal?
Replies: 36
Views: 6861

Re: Retirement - Spain or Portugal?

Curious1 asked, I have some questions regarding your plan. As you can only stay in a Schenngen country for 90 days w/o a long stay visa, and you only plan to return to the US for 30-45 days, where will you spend the remaining time? I know that there are other non- Schenngen European countries that ...
by cinghiale
Sat Sep 14, 2019 9:16 am
Forum: Investing - Theory, News & General
Topic: Attempt At Humor
Replies: 1
Views: 748

Re: Attempt At Humor

Hoo, boy... As a Mediterranean diet kinda-sorta adherent, I have some leanings toward a healthy, plant-based eating lifestyle. But the unabashed cashing in on a trend and the considerable self-regard displayed in justifying the fund’s “healthy” .60% expense ratio is groan-worthy stuff. To wit: ”With...
by cinghiale
Sun Jul 21, 2019 12:44 pm
Forum: Spain
Topic: Retirement - Spain or Portugal?
Replies: 36
Views: 6861

Re: Retirement - Spain or Portugal?

martiansteeler wrote: I don’t think the comparison of Madrid to Indy is fair. Firstly, Madrid is a dry heat. Secondly...wine is a heck of a lot cheaper. Thirdly, it doesn’t snow. I won’t go on. OK... I shot from the hip on the Indianapolis comparison. But Madrid does get snow every now and then, an...
by cinghiale
Sun Jul 21, 2019 12:06 pm
Forum: Spain
Topic: Retirement - Spain or Portugal?
Replies: 36
Views: 6861

Re: Retirement - Spain or Portugal?

Any consideration of living in Spain fewer than 183 days each year? You could then live where you want (Madrid is big and expensive, with hot summers and cold winters... think Indianapolis) and be unbothered by having to file either Spanish income or wealth taxes. Our current strategy, now four year...