Search found 1069 matches

by cinghiale
Sun Feb 18, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: What Experts Say About "Indexing"
Replies: 19
Views: 6682

Re: What Experts Say About "Indexing"

BogleMelon asked, Is there a typo here? 2016 is only 2 years ago! Yes, of course there is. I think the Index 500 fund debuted in 1976. That would sound right for the “forty years later” language at the end of the quote. That said, thanks for reviving this thread. It never hurts to read key quotes f...
by cinghiale
Sat Feb 10, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Wellesley Income performance
Replies: 16
Views: 1992

Re: Wellesley Income performance

We’re really having a discussion about six weeks of performance? And we’re drawing meaningful conclusions from the data?

Really?

Kahneman and Tversky’s “Law of Small Numbers” is obviously alive and well.
by cinghiale
Fri Feb 02, 2018 12:03 pm
Forum: Investing - Theory, News & General
Topic: Motley Fool ETF Debuts (TMFC)
Replies: 11
Views: 1461

Re: Motley Fool ETF Debuts (TMFC)

Note the word “index” in the title of the ETF.

They have obviously done their homework on how to best market this new offering.

This isn’t an index.
But index funds are hauling in impressive and increasing percentages of new money with each new month.
“Hey, let’s call it an index...”
by cinghiale
Thu Jan 25, 2018 2:25 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday, Taylor!
Replies: 84
Views: 4103

Re: Happy Birthday, Taylor!

Seconded!

I want to be where you are when (yes, when!) I’m in my tenth decade of life.

Immense thanks for your profound influence on the lives of thousands who frequent and participate in this forum.
by cinghiale
Thu Jan 25, 2018 2:08 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat the urge to spend?
Replies: 68
Views: 3674

Re: Strategies to combat the urge to spend?

I would advise you to read the classic Your Money or Your Life by Vicki Robin and the late Joe Dominguez. Skip the later chapter or two on investments. Focus on the core principles, such as “Money is something we choose to trade our life energy for.” Let that sink in. If you opt for the book, get th...
by cinghiale
Tue Jan 23, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Happiness literature recommendations
Replies: 6
Views: 783

Re: Financial Happiness literature recommendations

I’m not sure what you mean by “Financial Happiness.” There are important and worthwhile books out there on happiness, and then there are other important and worthwhile books on human behavior and finances. In the former category, Daniel Gilbert’s Stumbling on Happiness is outstanding. (There’s also ...
by cinghiale
Tue Jan 23, 2018 3:50 pm
Forum: Investing - Theory, News & General
Topic: Anyone Pulled the Trigger on Global Wellington/Wellesley?
Replies: 10
Views: 2007

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

This thread has turned out to be a total yawner. Admittedly, folks here are not a typical or representative lot. But would both Global Wellington and Global Wellesley be dying of (funding) starvation if they were dependent on the participation of Bogleheads? Anyone interested but not “in” yet? Waiti...
by cinghiale
Tue Jan 23, 2018 2:10 pm
Forum: Investing - Theory, News & General
Topic: Vanguard’s Principles
Replies: 2
Views: 304

Re: Vanguard’s Principles

JackFFR1846 wrote, Something that could help, I think: Transparency: Although not legally required, disclose the compensation of all Vanguard directors and executives. I would think that Vanguard’s expense ratios provide an acceptable surrogate for some grand effort at transparency. The total bond ...
by cinghiale
Tue Jan 23, 2018 1:58 pm
Forum: Personal Consumer Issues
Topic: Expat Living
Replies: 40
Views: 4215

Re: Expat Living

Replies are going to be region specific. For Western Europe: Pros: — Food, culture, climate. (At least where I am.) — More equitable social systems. — An easy flight back to the US for visits and emergencies. — At present (though rapidly changing, and not for the good), an attractive currency exchan...
by cinghiale
Tue Jan 23, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: Which tropical Island to Retire to ?
Replies: 61
Views: 5130

Re: Which tropical Island to Retire to ?

Valuethinker wrote: By American standards, I find the Mediterranean coasts overdeveloped. Suburbs-by-the-sea. France & Spain the worst. Italy. Greece is better, perhaps Yugoslavia. Beware the issue of refugees landing, and of future conflicts (Greece Turkey, mostly). Portugal better still, but that...
by cinghiale
Tue Jan 23, 2018 1:17 pm
Forum: Investing - Theory, News & General
Topic: Nassim Taleb on Bitcoin
Replies: 21
Views: 3161

Re: Nassim Taleb on Bitcoin

Not much opinion here. Unusually low-key for Taleb.
by cinghiale
Tue Jan 23, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: Which tropical Island to Retire to ?
Replies: 61
Views: 5130

Re: Which tropical Island to Retire to ?

Do peninsulas count? Picking up on what RadAudit wrote, I would look at Iberia: Portugal and Spain. European infrastructure, amenities, and health care. The climate of the French Riviera, with an abundance of blue flag beaches (clean water, well maintained). Abundant fresh produce and fruit. Mediter...
by cinghiale
Sun Jan 21, 2018 3:43 pm
Forum: Personal Consumer Issues
Topic: Laughter is the Best Medicine - What makes you Laugh?
Replies: 105
Views: 5601

Re: Laughter is the Best Medicine - What makes you Laugh?

I was scrolling down this thread and realized that Fawlty Towers hadn’t been mentioned, and that such an oversight had to be remedied. But then came Dottie57 to the rescue, and bertilak right behind her. “The Germans” was splendid. But, pride of place belongs to “Communication Problems,” with the in...
by cinghiale
Sun Jan 21, 2018 3:27 pm
Forum: Investing - Theory, News & General
Topic: Anyone Pulled the Trigger on Global Wellington/Wellesley?
Replies: 10
Views: 2007

Anyone Pulled the Trigger on Global Wellington/Wellesley?

I was doing some New Year’s tidying of my portfolio this weekend, and decided to place some funds (5% of the total portfolio) into the new Global Wellington fund (VGWAX). I’ve seen little mentioned about either Global Wellington or Global Wellesley here on the forum since some initial questions were...
by cinghiale
Tue Jan 16, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: The Free market Takes care of itself. EJ loses
Replies: 14
Views: 1551

Re: The Free market Takes care of itself. EJ loses

Explaining the Edward Jones success story requires the lens of psychology and sociology. If you look at numbers and percentages, it appears to be a straw man. But that really would not be a satisfying answer. We all respond positively to good customer care. We like going (back) to restaurants where ...
by cinghiale
Wed Jan 10, 2018 3:00 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 182
Views: 12876

Re: Post your Financial Milestone Announcements Here

Snowjob asked: Did you purchase an annuity to help with this transition, it may not make as much financial sense but sometimes I wonder if behavior wise its worth it... Yes, a small one that pays around $1750.00 per month for ten years. It will take me to 70.5 years old, almost to the month. The ne...
by cinghiale
Wed Jan 10, 2018 2:41 pm
Forum: Investing - Theory, News & General
Topic: If I have a million with Edward Jones, in 10 years, how much money has my FA made off me?
Replies: 48
Views: 6486

Re: If I have a million with Edward Jones, in 10 years, how much money has my FA made off me?

This might help. If the OP wants to help his/her parents, a single graphic might do the work of many paragraphs of text. “The Cumulative Lag Caused By 2.5% Costs in an 8% Market” https://www.vanguard.com/bogle_site/images/sp20050210_8.gif From the text of John C. Bogle’s speech entitled “The Relentl...
by cinghiale
Wed Jan 10, 2018 3:32 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 182
Views: 12876

Re: Post your Financial Milestone Announcements Here

A milestone of sorts... Now two full years into retirement, and have had the good fortune of strong market tailwinds since then. Stepping out of the accumulation phase, with the comfort and security of a monthly paycheck, and into the distribution phase, with the shuddering realization that the seed...
by cinghiale
Fri Jan 05, 2018 3:52 pm
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 145
Views: 6086

Re: Misuse of adverse

(Warren) Buffett spelled with only one “t” so that he sounds like a food court?

Principle when one means principal?

Disinterested (objective, unbiased) when one means uninterested (doesn’t give a rip)?


There... I feel better now.
by cinghiale
Tue Jan 02, 2018 12:17 pm
Forum: Personal Consumer Issues
Topic: Ever drink Chartreuse?
Replies: 16
Views: 1566

Re: Ever drink Chartreuse?

True story from about ten years ago: We were traveling with a leased car through Westerm Europe. In France, we stopped by a supermarket to pick up some necessities. While looking over the wine and spirits section, we chanced upon the green Chatreuse (in the fill-sized bottle) for about 7 Euros. No, ...
by cinghiale
Sun Dec 31, 2017 10:47 am
Forum: Investing - Help with Personal Investments
Topic: What do you consider wealthy?
Replies: 28
Views: 2603

Re: What do you consider wealthy?

livesoft wrote,
You are wealthy if your EFC after filling out the FAFSA is $99,999.
Referees warning for use of indecipherable acronyms. The yellow card will come out next, and you may not be able to play in the next thread. :twisted:
by cinghiale
Sat Dec 30, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Case Against Individual Stock Picking
Replies: 22
Views: 1912

Re: Case Against Individual Stock Picking

livesoft wrote, Paraphrasing: If you have 2 kinds of traders: Professionals or "information traders" with narrowly or exclusively available information and everybody else with widely available information. Basically information traders won't trade unless they have the extra info. If they trade with...
by cinghiale
Sat Dec 30, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 76
Views: 7187

Re: So, how was the year ? Gains made and Lessons learnt ?

Jazztonight’s post came in while I was tapping away...^^^^^ Condolences on the passing of your Dad. No matter how old, and no matter what the circumstances, the loss of a parent hits hard. May 2018 be kind to you with fond memories. I hope your sister remembers your “genius” when there’s a market d...
by cinghiale
Sat Dec 30, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 76
Views: 7187

Re: So, how was the year ? Gains made and Lessons learnt ?

I learned that it is very good fortune indeed to retire into two good market years. Expenses were high again this year, as our version of retirement included relocation and other transitional costs. Total portfolio this year was up 11%. Net portfolio appreciation, accounting for spending, was 8%. Th...
by cinghiale
Fri Dec 29, 2017 2:13 pm
Forum: Personal Consumer Issues
Topic: Stoics View on Debt
Replies: 33
Views: 3334

Re: Stoics View on Debt

Thanks, timmy , for the link to the Daily Stoic. For those who want to do some further reading on Stoic thought, here’s a lovely deal from Amazon: The Stoic 6 Pack, including the Meditations of Marcus Aurelius. Cost? All of 99 cents. (Well, there may be some sales tax added.). See at: https://www.am...
by cinghiale
Thu Dec 28, 2017 2:36 pm
Forum: Personal Consumer Issues
Topic: What non fiction book will you be reading in 2018?
Replies: 132
Views: 8184

Re: What non fiction book will you be reading in 2018?

VictoriaF wrote, I am particularly interested in reading Robin Hanson whom Tyler Cowen has characterized as the most unconventional thinker. Cowen would have some insight there as Hanson is his colleague at George Mason University. Having just downloaded and begun perusing the book, I can report th...
by cinghiale
Thu Dec 28, 2017 1:18 pm
Forum: Personal Consumer Issues
Topic: What non fiction book will you be reading in 2018?
Replies: 132
Views: 8184

Re: What non fiction book will you be reading in 2018?

VictoriaF wrote, You have motivated me to drop $20+ on the hardcover edition. Please note that the correct title of the book is The Elephant in the Brain . (I’ll go back and edit the mistake.) And, per the cost, the news gets worse. As of today, the hardcover edition is $32.51. The Kindle is $23.65...
by cinghiale
Thu Dec 28, 2017 10:49 am
Forum: Personal Consumer Issues
Topic: What non fiction book will you be reading in 2018?
Replies: 132
Views: 8184

Re: What non fiction book will you be reading in 2018?

The Elephant in the Brain: Hidden Motives in Everyday Life by Simler and Hanson. See here: https://www.amazon.com/Elephant-Brain-Hidden-Motives-Everyday/dp/0190495995/ref=sr_1_1?s=books&ie=UTF8&qid=1514475781&sr=1-1&keywords=the+elephant+in+the+brain One review summed the book up nicely: “Charles D...
by cinghiale
Sun Dec 24, 2017 3:09 pm
Forum: Investing - Theory, News & General
Topic: 1st, your education. Then...Location, Location, Location
Replies: 66
Views: 8645

Re: 1st, your education. Then...Location, Location, Location

Somehow, and some point in the early goings, try to live abroad for a while. A year or semester abroad while in college may suffice, but too often such programs allow one to live “in the bubble” and never be truly and fully challenged by another language, culture, and people. Living abroad will chan...
by cinghiale
Fri Dec 08, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Do you have any guilty pleasure investments?
Replies: 53
Views: 3305

Re: Do you have any guilty pleasure investments?

100 shares of Norwegian Cruise Lines.

That minimum amount provides an extra $100.00 in onboard spending when on a Norwegian or affiliate cruise.

Definitely more pleasure, not much guilt.
by cinghiale
Mon Dec 04, 2017 2:18 am
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 184
Views: 13509

Re: One answer to the Dividend stocks puzzle from behavioral finance

Good thread. One question about the book. Has anyone read Statman’s earlier (2010) book, What Investors Really Want: Know What Drives Investor Behavior and Make Smarter Financial Decisions ? See at: https://www.amazon.com/What-Investors-Really-Want-Financial/dp/0071741658/ref=sr_1_2?ie=UTF8&qid=1512...
by cinghiale
Wed Nov 29, 2017 2:43 pm
Forum: Personal Consumer Issues
Topic: 2018 Goals - Financial or Otherwise
Replies: 68
Views: 5760

Re: 2018 Goals - Financial or Otherwise

^^^^^^^^ What cantos just wrote... A few specifics: — Cherish every day of good health. — Cherish every moment with La Bella Signora . — Lead with kindness in all situations and with all whom I encounter. — Find ways to be outwardly and demonstrably thankful each day. — Avoid... vigorously avoid ......
by cinghiale
Tue Nov 28, 2017 9:00 am
Forum: Investing - Theory, News & General
Topic: How much do you have in your taxable account?
Replies: 23
Views: 2615

Re: How much do you have in your taxable account?

I would max out the retirement accounts. This advice comes from eating my own cooking. We spent 25 years living off one salary and having 95% of the other salary socked away into 401, 403, and 457 plans. As you get older and more money becomes available for investing, you can place the remainder int...
by cinghiale
Tue Nov 28, 2017 3:16 am
Forum: Investing - Theory, News & General
Topic: What did you do right?
Replies: 96
Views: 10007

Re: What did you do right?

stemikger wrote, My luckiest and smartest move was when I bought my house in 1993 for $134,900. Today I'm still in that house and made a lot of great memories there. The good part is I can sell that same house for $550K. I would probably not be able to afford the house I live in today. I was thinki...
by cinghiale
Tue Nov 28, 2017 3:08 am
Forum: Investing - Help with Personal Investments
Topic: Gold?
Replies: 64
Views: 4403

Re: Gold?

What seems like a long time ago in this thread, Valuethinker offered the following, - William Bernstein wrote a paper "The Most Patient Asset" on Efficient Frontier. That's the best analysis I know of re Gold as a portfolio component. - again from an academic viewpoint, this paper by Campbell Harvey...
by cinghiale
Sun Nov 26, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Gold?
Replies: 64
Views: 4403

Re: Gold?

I can be easily persuaded that gold has been a crappy investment during all our our lifetimes. Also, I can be easlily persuaded that the unfathomable levels of federal, state, municipal, corporate and personal debt in this country and around the world simply cannot be sustained. So, I hold just arou...
by cinghiale
Sun Nov 26, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help my kids pick a charitable cause
Replies: 19
Views: 863

Re: Help my kids pick a charitable cause

I like the idea of local concerns. But you are asking on the Bogleheads thread, and allow me to connect the dots between your request and this forum. How about a great international charity where, to use “Vanguardian” language, costs matter. Have your kids take a close look at donating a portion of ...
by cinghiale
Sun Nov 26, 2017 4:19 am
Forum: Investing - Theory, News & General
Topic: What did you do right?
Replies: 96
Views: 10007

Re: What did you do right?

In no particular order: 1) Read and heeded the core message of the book Your Money or Your Life (Dominguez and Robin) in 1992. Upped monthly savings significantly, and re-thought spending, budgeting, and the whole “Does money and the accumulation of stuff buy happiness?” question. (This book has bee...
by cinghiale
Fri Nov 24, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 9873

Re: Regrets for taking SS at 62 or waiting?

flyingaway stated, The money in a Roth account grows tax free (spending the taxable account), while the money growth in a taxable account (directly spending tIRA) may be taxed. I’m confused here, as a Roth is being compared to... what? A taxable account (as in, non-retirement) or a traditional IRA?...
by cinghiale
Fri Nov 24, 2017 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 30381

Re: Anyone tired of the stock market going up?

This doesn’t sound like “tired.” Stressed, maybe? Wary? Agitated? Unsure? Each of these negatives could be stated as positives. I don’t think there would be much support here on the forum for making investment moves based on intuition or gut feeling, but maybe you are working with one of those kinds...
by cinghiale
Fri Nov 24, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 9873

Re: Regrets for taking SS at 62 or waiting?

neilpilot asked, If you have funds in both tax deferred and taxable account, and need to withdraw to meet an expense gap prior to SS, why not do a Roth conversion and withdraw what you need to live on from your taxable account(s)? Sorry, but I skated quickly past that in stating that “some may have...
by cinghiale
Fri Nov 24, 2017 10:37 am
Forum: Investing - Theory, News & General
Topic: WSJ - Is Your Stockpicker Lucky or Good?
Replies: 8
Views: 850

Re: WSJ - Is Your Stockpicker Lucky or Good?

An example of Kahneman and Tversky’s tongue-in-cheek identification of “The Law of Small Numbers.” Most people are “innumerate” when it comes to probability and statistics, and do not realize how many items are needed in a sample for it to have any explanatory power. One bias they found is that peop...
by cinghiale
Fri Nov 24, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 9873

Re: Regrets for taking SS at 62 or waiting?

Victoria stated, Note that the period from early retirement to the commencement of the Social Security is an excellent opportunity for making Roth conversions. Defintely. However, some may have reasons not to Roth convert. In that case, drawing down from a non-Roth retirement account each year acco...
by cinghiale
Fri Nov 24, 2017 9:21 am
Forum: Investing - Theory, News & General
Topic: Bonfire of the Opinions of Experts
Replies: 3
Views: 869

Re: Bonfire of the Opinions of Experts

I would find grading Mauldin’s weekly Thoughts From the Frontline difficult in terms of clear, measurable predictions. He is careful to not be overly specific about his forecasts. He uses his free weekly letter to highlight his in-house, paid-for advisement letters, and those would be/should be easi...
by cinghiale
Thu Nov 23, 2017 2:40 pm
Forum: Investing - Theory, News & General
Topic: Bonfire of the Opinions of Experts
Replies: 3
Views: 869

Bonfire of the Opinions of Experts

I receive John Mauldin’s weekly letters. Those on Mauldin’s mailing list know that he writes his own weekly letter and then sends out another with articles from fellow travelers. Yesterday, he excerpted a investor report from one of his guru buddies. The letter talked about seeking value in a world ...
by cinghiale
Thu Nov 23, 2017 2:02 pm
Forum: Personal Consumer Issues
Topic: The Wolf of Wall Street
Replies: 33
Views: 4765

Re: The Wolf of Wall Street

nisiprius stated, concerning the film The Wolf of Wall Street , To enjoy it requires a certain adolescent attitude, It also requires a stomach for a certain word referring to carnal knowledge. Someone from Variety Magazine went ahead, saved us all the trouble of doing so, and counted the F-bombs in...
by cinghiale
Thu Nov 23, 2017 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: How Does Real Estate Affect Asset Allocation?
Replies: 34
Views: 2696

Re: How Does Real Estate Affect Asset Allocation?

I can state what I have done (or, more precisely, not done). This doesn’t constitute advice. Our primary residence has never been counted in our asset allocation or in determining our investment worth. A while back we received a property as an inheritance. It is currently being rented out. The value...
by cinghiale
Tue Nov 21, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 27983

Re: Why not take Social Security at 62

nisiprius wrote: On the other hand, if you assume that you live to age 969, then, just about any way you calculate it, the benefit of receiving 902 payments of $19,300 is going to dwarf the benefit of receiving 907 payments of $13,100. Excellent and balanced evaluation of the when-to-take-Social-Se...
by cinghiale
Wed Nov 15, 2017 2:51 am
Forum: Personal Consumer Issues
Topic: Paying for news?
Replies: 60
Views: 4368

Re: Paying for news?

May I suggest... http://www.realclearmarkets.com/ A few weeks ago there was one of those recurring “What websites do you like?” threads. Someone suggested this one. It’s a clearinghouse of news and opinion from across the ideological spectrum. It delivers a perfect “one stop shopping” site for headl...
by cinghiale
Mon Nov 13, 2017 11:41 am
Forum: Investing - Theory, News & General
Topic: Dan Solin Article "Investor Insanity"
Replies: 5
Views: 950

Re: Dan Solin Article "Investor Insanity"

You’re right. This is a good article. And, better yet, it’s written for the Huffington Post , not exactly a bastion of pro-market thinking. Mr. Solin is out there in the mission field preaching the good word. He mentioned Mr. Bogle. Shame he didn’t point readers toward this forum “for further enligh...