Search found 1055 matches

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: 7
Views: 427

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: 85
Views: 6436

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: 6195

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: 85
Views: 6436

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: 5682

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: 1507

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: 2535

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: 1780

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: 75
Views: 6766

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: 75
Views: 6766

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: 3267

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: 127
Views: 7459

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: 127
Views: 7459

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: 127
Views: 7459

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: 8513

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: 3170

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: 12919

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: 5551

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: 2355

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: 9677

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: 4148

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: 4148

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: 822

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: 9677

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: 9445

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: 290
Views: 25710

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: 9445

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: 814

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: 9445

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: 837

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: 837

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: 4697

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: 2416

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: 26709

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: 4206

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: 913

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...
by cinghiale
Sun Nov 12, 2017 2:01 am
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 10234

Re: Retirees: I got this!!

The Wizard wrote, Open the spigot, eh? So I should fly business class to Madrid in March just because I can? Hmmm, I'm not sure about that. There's a certain attention to expenses, not frugalness exactly, but attention that remains in retirement. And then pakamoky asked: Out of curiosity for those ...
by cinghiale
Sat Nov 11, 2017 11:34 am
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 10234

Re: Retirees: I got this!!

No denying that recent retirees have done well with good market returns in this decade. But I would hope that folks posting and reading here already have an asset allocation in place that will take much of the sting out of the next big downturn. I’m two years into retirement and hold the “Wellesley ...
by cinghiale
Fri Nov 10, 2017 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Individual Stocks
Replies: 22
Views: 1691

Re: Individual Stocks

Take a look at the first part of this paper (“Popular stocks aren’t profitable investments”) and then give the chart on the bottom of page 2 a careful look. Choosing those ten stocks and beginning at 2000 may have been a bit of cherry picking, but the results are still sobering. You can pick what ar...
by cinghiale
Fri Nov 10, 2017 2:24 pm
Forum: Investing - Theory, News & General
Topic: WSJ: "A Former LTCM Partner Embraces Indexing, and Says You Should Too"
Replies: 15
Views: 1257

Re: WSJ: "A Former LTCM Partner Embraces Indexing, and Says You Should Too"

I was struck by what turned out to be the key moment for this guy. As long as it was other people’s money, he was happy to be wheeling and dealing via active management. But when it came time to invest his family’s money, he had his Damascus Road experience. (To really enjoy that reference, think of...
by cinghiale
Fri Nov 10, 2017 12:35 pm
Forum: Investing - Theory, News & General
Topic: WSJ: "A Former LTCM Partner Embraces Indexing, and Says You Should Too"
Replies: 15
Views: 1257

Re: WSJ: "A Former LTCM Partner Embraces Indexing, and Says You Should Too"

Try this: Google “Victor Haghani indexing” and click on the FT link. That got me over (under? around?) the firewall.
by cinghiale
Fri Nov 10, 2017 12:12 pm
Forum: Investing - Theory, News & General
Topic: WSJ: "A Former LTCM Partner Embraces Indexing, and Says You Should Too"
Replies: 15
Views: 1257

Re: WSJ: "A Former LTCM Partner Embraces Indexing, and Says You Should Too"

The WSJ has beefed up its firewalls. This coverage from the Financial Times should cover the story, and may be the same article:

https://www.ft.com/content/32c32462-2f3 ... ef563ecf9a
by cinghiale
Sun Oct 29, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: What’s a safe formula for assets needed to retire?
Replies: 58
Views: 4641

Re: What’s a safe formula for assets needed to retire?

There’s probably a safe range , depending on your age at retirement and the percent of your portfolio held in stocks. As previous posters have stated, the current wisdom falls between a conservative 3% withdrawal rate (33 times annual expenses) and William Bengen’s 4% withdrawal rate (“Bengen’s rule...
by cinghiale
Sat Oct 28, 2017 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire today?
Replies: 132
Views: 8334

Re: Can I retire today?

The OP asked for us to stay on topic in terms of “Can I retire?” My vote is “yes,” and I do not think you need to double your stock allocation to do so. I have held the “Wellesley Income Allocation” for years (about 38% stocks and 60% bonds with a bit of “other”) and it seems like a very good— albei...
by cinghiale
Fri Oct 27, 2017 5:49 am
Forum: Investing - Help with Personal Investments
Topic: How Well Do You Know About Retirement Income?
Replies: 40
Views: 4850

Re: How Well Do You Know About Retirement Income?

Another 34/38.

Not bad placed into the context of the national average.

Here on the forum, 34 of 38 looks standard. To quote from an old Seinfeld episode: “Not showing off, not falling behind. Right in that meaty part of the bell curve.”
by cinghiale
Sat Oct 21, 2017 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 175
Views: 18816

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Agree with 6miths . No need for a FA, but we use, and benefit from, a seasoned CPA. He does our taxes, and from time to time we consult with him to get his take on Roth conversions, RMDs, taxes, when to take Social Security, and how all of the aforementioned combine each year to maximize our portfol...
by cinghiale
Mon Oct 16, 2017 9:50 am
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 99
Views: 9550

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

I quite happy with Victoria’s thesis. A short expanding on it. It appears that 2015 , like so many of us, is grappling with the following hard realities: 1). So many books, so little time! Or if you wish a bit more precision, so much knowledge and wisdom, and so little time and energy to discover th...
by cinghiale
Sat Oct 14, 2017 3:09 am
Forum: Personal Consumer Issues
Topic: Sabbatical Money
Replies: 6
Views: 966

Re: Sabbatical Money

Would this be an academic sabbatical?

If yes, would a one semester Fulbright position fit into your plans? That would nicely cover the amount you mentioned. No need to chase yield on whatever savings you put together in the years to come.
by cinghiale
Fri Oct 13, 2017 7:29 am
Forum: Personal Consumer Issues
Topic: A good value wine I found...
Replies: 22
Views: 2741

Re: A good value wine I found...

Phantom is the four fund portfolio. From the Bogle Winery website: Selected from our finest vineyards of Petite Sirah, Old Vine Zinfandel, Cabernet Sauvignon and Merlot. http://www.boglewinery.com/october-2017-news/ It is released this time of year and the bottles go fast. Usually, by Thanksgiving, ...
by cinghiale
Fri Oct 13, 2017 7:11 am
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 99
Views: 9550

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

2015 wrote, 3 books I'll be picking up tomorrow are: The shallows : what the Internet is doing to our brains This is off-topic, but Carr’s book The Shallows is the enlargement of an excellent essay he published in The Atlantic in 2008 titled “Is Google Making Us Stupid?” With all respect to the aut...