Search found 1107 matches

by Wildebeest
Sat Jul 14, 2018 8:01 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 14881

Re: COMING SOON: BOGLEHEADS PODCASTS

I have read every one of Rick Ferri's books and loved his books. I have talked to him at Bogleheads's yearly conference meeting. He got me to Bogleheads and talking to him at the meeting, I think he is great.
by Wildebeest
Sat Jul 14, 2018 5:36 pm
Forum: Investing - Theory, News & General
Topic: Historical U.S. Portfolio Disasters — Wrapping It All Up
Replies: 32
Views: 2552

Re: Historical U.S. Portfolio Disasters — Wrapping It All Up

Another great post by SimpleGift. Thanks. It matters how this data affects you. It is a new, brave world ( the book was published in 1932). It is a different world then 86 years ago and even 10 years ago and I think the next disaster which may turn into a "Boglehead portfolio disaster" will affect p...
by Wildebeest
Sat Jul 14, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Should we sell our business?
Replies: 61
Views: 5144

Re: Should we sell our business?

My vote: If you have a good offer go with it. We sold our business. I did not want to. The business was growing like run away train. However strife with partners forced the sale. Looking back we were fortunate to sell at the time we did before the 2008 crash. 10 years later the business has been sol...
by Wildebeest
Sun Jul 01, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: replace old central AC unit?
Replies: 32
Views: 2431

Re: replace old central AC unit?

I agree with all previous posters: My suggestions ate: 1. Get an energy audit. 2. If you need a new AC unit insist on a Manual J loading system and ask them to go through it how they came up with that number. 3. Depending on the cost consider a heat pump as opposed to a ac unit. 4. If you get a new ...
by Wildebeest
Wed Jun 20, 2018 10:05 am
Forum: Personal Consumer Issues
Topic: How to evaluate charities to donate to?
Replies: 36
Views: 1426

Re: How to evaluate charities to donate to?

This is a great website.

https://www.givewell.org/charities/top-charities

Also if the Gates Foundation supports it, that is a great recommendation.
by Wildebeest
Tue May 29, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 299
Views: 30564

Re: The Side Hustle

Noun: 1. busy movement and activity. "the hustle and bustle of the big cities" 2. NORTH AMERICANinformal a fraud or swindle. I feel so old when I read about hustle or side hustle. I know it must mean something else that what I think it means, but what I hear is so wrong. I interpret is as a fraud or...
by Wildebeest
Mon May 28, 2018 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: When and how often do you rebalance
Replies: 52
Views: 4032

Re: When and how often do you rebalance

I do not rebalance. I used to want to rebalance per my IPS. I would rebalance with new money. Link to my Wildebeest's Way to Wealth https://www.bogleheads.org/forum/viewtopic.php?t=149562#p2236841. Then I read there was little to no gain in maximizing returns by rebalancing. I am so much happier to ...
by Wildebeest
Sun May 27, 2018 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 12886

Re: Helping Adult Children (but not too much)

It is good to have perspective and I appreciate yours. You may enjoy this article: https://www.theatlantic.com/magazine/archive/2018/06/the-birth-of-a-new-american-aristocracy/559130/ We will leave the majority of our estate to charity. Wildebeest, I have a genuine question for you: what obligation...
by Wildebeest
Sun May 27, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 12886

Re: Helping Adult Children (but not too much)

So I have some takeaways from being the poor kid in a world mostly full of your kids, as nearly everyone around me had a lot more parental help and support: -They do not know the value of a dollar the way I do. They've never had to figure out how to make the last $10 last until the next paycheck. T...
by Wildebeest
Sun May 27, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Fund choices in Nationwide 401k
Replies: 11
Views: 856

Re: Fund choices in Nationwide 401k

I feel your pain in the high ER in your fund choices. I would go for option 3. My suggestions are: Check to see if your 401 K allows you to transfer your contributions out once a year to a low ER IRA. If you are over 59.5 you are for sure. Check to see if you have self directed brokerage option. Rea...
by Wildebeest
Sat May 26, 2018 8:45 pm
Forum: Personal Consumer Issues
Topic: Help Buying Mens Shoes for Work and Dating
Replies: 97
Views: 8823

Re: Help Buying Mens Shoes for Work and Dating

S&L1940 wrote:
Sat May 26, 2018 8:34 pm
"Wildebeest, I do not suggest you get shoes for dating. That just would weird me out."

Maybe that is my problem, no dates because I am not wearing the proper shoes for dating...
My wife does not even notice my shoes. It all worked out for me.
by Wildebeest
Sat May 26, 2018 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 12886

Re: Helping Adult Children (but not too much)

I am planning to live to one hundred ( the best laid plans etc) and I want my spouse to outlive me. I am very grateful for all the support my parents gave me when I was young and struggling and we have forwarded that gift to our children and grand children. What good will the inheritance do when we ...
by Wildebeest
Sat May 26, 2018 8:09 pm
Forum: Personal Consumer Issues
Topic: Help Buying Mens Shoes for Work and Dating
Replies: 97
Views: 8823

Re: Help Buying Mens Shoes for Work and Dating

Some people are into shoes and some are not. I am not Imelda Marcos but a good looking shoe definitely calls my name. I used to only wear Italian dress shoes ( lots of compliments on my shoes, which made me acutely uncomfortable) and then I developed corns. Then I only wore Rockports for about 10 ye...
by Wildebeest
Mon May 21, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2721
Views: 540119

Re: What's Your Credit Card Rewards Strategy?

My credit card rewards strategy does not work. My son's: "Dad, you save money by not spending. " does. My inlaws: "Going broke saving money" is so true. Credit cards rewards is like picking up pennies in front of stream rollers. I learned my lesson with Fidelity 2% cash back card as well with Bank o...
by Wildebeest
Mon May 21, 2018 8:53 pm
Forum: Investing - Theory, News & General
Topic: Quest for better fund selection in 401 K
Replies: 22
Views: 2293

Re: Quest for better fund selection in 401 K

Update: I got an email to let me know that there is now a self directed brokerage option without an 0.7 % AUM. For $100 to start the brokerage account and up from $ 7.99 to $ 24.99 a trade and we can buy every fund /mutual fund in the USA. They accept transfers in kind. I am delighted it all worked ...
by Wildebeest
Mon Apr 02, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 12925

Re: What age is the best to give a child control of an inheritance?

It all depends on the child. Some children are born frugal and others like to spend. I do believe that most people if exposed to the education in their formative years ( 6-18 years) and are past the craziness of puberty, they will not be smarter one year past puberty than at thirty five or seventy. ...
by Wildebeest
Sat Mar 31, 2018 9:24 pm
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 149
Views: 10094

Re: Misuse of adverse when averse was meant

Where I was brought up, everybody could spell and if you could not, it was a big deal.

I get a kick out of the spelling bees. So you get a prize if you can spell!
by Wildebeest
Sat Mar 31, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 12925

Re: What age is the best to give a child control of an inheritance?

I want to ask gasdoc (or anyone else in this position), what is the purpose of passing on an inheritance to adult children? I ask out of curiosity, and also because I think the answer might lead to an answer for the original question. I'm many years away from needing to think about this myself. Our...
by Wildebeest
Sat Mar 31, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 12925

Re: What age is the best to give a child control of an inheritance?

If you have worries about your child controlling her inheritance, may be you should give her money now and sees how she does. We plan to live to 100 and have given our child and spouse a good amount of money now. They will hit the jack pot when we die but hen they may be in their 70's , money does n...
by Wildebeest
Sat Mar 24, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: "I won the Lottery" update -
Replies: 33
Views: 8578

Re: "I won the Lottery" update -

Hi everyone, A few months ago I started a thread asking for advice because I came into a windfall (I won the Lottery - $2M), and I had minimal investment experience and poor spending/budgeting habits. The thread closed down awhile back after numerous debates and at times somewhat argumentative exch...
by Wildebeest
Tue Mar 20, 2018 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - really tough decision to make
Replies: 64
Views: 5019

Re: Buying vs renting - really tough decision to make

If you have access to knowledge, it is not a hard decision. You might find this calculator yet: https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html interesting. I wished this calcukator was around when I decided to invest in real estate to take care of my retirement. (Buying my ...
by Wildebeest
Tue Mar 20, 2018 8:41 pm
Forum: Investing - Theory, News & General
Topic: Skin In The Game [new N. Taleb book]
Replies: 23
Views: 4070

Re: Skin In The Game [new N. Taleb book]

I read " The Black Swan" which I thought was interesting and got me to read more of his books. I read "Fooled by randomness" such a better book and I loved it. "Anti fragility" was the same refrain all over again and Taleb is feeling his oats. Not a good thing. A downer. So I bought" Skin in the gam...
by Wildebeest
Tue Mar 13, 2018 7:56 pm
Forum: Investing - Theory, News & General
Topic: Quest for better fund selection in 401 K
Replies: 22
Views: 2293

Re: Quest for better fund selection in 401 K

Can you post the earlier email you got regarding the self-directed option? Redact whatever names you need to. The earlier Emails regarding the self directed options where that I could pay an Investments under management fee of 0.7 % and pick from an assortment of Merril Lynch funds. I did not pursu...
by Wildebeest
Mon Mar 12, 2018 7:44 pm
Forum: Investing - Theory, News & General
Topic: Quest for better fund selection in 401 K
Replies: 22
Views: 2293

Re: Quest for better fund selection in 401 K

My last post was November 16, 2017 and since that time I have had multiple phone calls and many E mail exchanges with the Merrill Lynch rep and the Xxx VP in charge of the roll out of this 401 K in which the promised to get back to me. After they did not respond consecutive emails and the last one m...
by Wildebeest
Mon Mar 12, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3166
Views: 966062

Re: What Book Are You Currently Reading? Part VI

Nate Silver's "The signal and the noise. Why so many predictions fail- and some don't". Great book. I am at page 378 and he never mentions Benoit Mandelbrot and in passing remarks on "Fooled by Randomness" but reading one after the other, I learned so much and is the perfect accompaniment. Why do I ...
by Wildebeest
Wed Mar 07, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: The Illusion of "The Long-Term Average" in Investing
Replies: 61
Views: 8424

Re: The Illusion of "The Long-Term Average" in Investing

I recently read Benoit Mandelbrot's "the (mis) behavior of markets" and it provides a cogent criticism of the " reversion to the mean". that is next on my list. have you read "fractals and scaling in finance" by him? I have not. It was written in 1997 and I thought that The (Mis) Behavior of the Ma...
by Wildebeest
Wed Mar 07, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?
Replies: 12
Views: 2301

Re: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?

Any comments, suggestions, and criticism is most welcome. 
Leo I think Financial Samurai is legit as in that he most likely makes money of his blog. He is entertaining. I do not see his accountant reviewed financial statements and without that, I have a cynical view: what he says he does and his ou...
by Wildebeest
Wed Mar 07, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: The Illusion of "The Long-Term Average" in Investing
Replies: 61
Views: 8424

Re: The Illusion of "The Long-Term Average" in Investing

Any thoughts on all this? SimpleGift, I always look forward to your posts and charts. This is another gem. I have thoughts. I recall when reading Jack Bogle ' lecture "The tell tale heart", where he refers to the reversion of the mean, I was befuddled by it as in: The charts are nice and all, but w...
by Wildebeest
Sat Mar 03, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: Whole House Natural Gas Generator
Replies: 110
Views: 7265

Re: Whole House Natural Gas Generator

We have a whole house generator and the power went out and we were delighted, that the generator kicked in at 4:30 AM.

Do we think we get the money out of it? No!

We plan to die in our house.
by Wildebeest
Sat Mar 03, 2018 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: How in Invest $1 million
Replies: 16
Views: 3626

Re: How in Invest $1 million

When I was in my thirties, I would have loved a million dollar windfall. However when I was in my thirties, luck and good graces were wasted on me and it is arguable that at my age nothing has changed. If you will keep your day job, I would suggest to invest it all in an all world index fund. If you...
by Wildebeest
Sun Feb 25, 2018 8:58 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3166
Views: 966062

Re: What Book Are You Currently Reading? Part VI

I finished the book, "Enlightenment now" by Steven Pinker and really enjoyed it. I will read it again. If only to recall the numbers.

Five stars. Even if he goes a little over board at the end.
by Wildebeest
Sun Feb 25, 2018 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off $372000 mortgage in 12 months
Replies: 46
Views: 7715

Re: Paying off $372000 mortgage in 12 months

If you have the cash flow and it does not catch up with you.

Go for it!

I never was in your shoes. I hope it works out for you.
by Wildebeest
Sun Feb 25, 2018 7:41 pm
Forum: Investing - Theory, News & General
Topic: Blasphemy... DO PEEK!
Replies: 100
Views: 10040

Re: Blasphemy... DO PEEK!

I step on the scale every day when at home. It does not hurt. It did when I gained 10 lbs in one week on vacation and I enjoyed the food and it was really good. No regrets.

I do not check my account balance. May be I learned not to care.
by Wildebeest
Sun Feb 25, 2018 7:27 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 13618

Re: How Far is too Far, Commuting?

I would love to cycle 30-60 minutes one way twice a day ( unless it rained or snowed ).
by Wildebeest
Sun Feb 25, 2018 7:06 pm
Forum: Personal Consumer Issues
Topic: Ethics of selling a used car
Replies: 54
Views: 4606

Re: Ethics of selling a used car

Once upon a time I had a Plymouth Valiant and at gas stations while pumping gas people would come over to give me their cards and tell me if I was going to sell this car to give them a call. I hated the car. It was a death trap. We gave it to the "Purple heart" and I hope that nothing bad happened t...
by Wildebeest
Sun Feb 25, 2018 6:50 pm
Forum: Investing - Theory, News & General
Topic: Blasphemy... DO PEEK!
Replies: 100
Views: 10040

Re: Blasphemy... DO PEEK!

I did not peek in 2008 and 2009 and I liked it.

I have not checked in a while.

May be part of my Investment Policy Statement should be to check once a year when taxes are due.
by Wildebeest
Sun Feb 25, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 105
Views: 11166

Re: What's your cash position

This is a good reminder to check. I have a HELOC as an emergency fund.

I try to have as little cash as possible.
by Wildebeest
Sat Feb 24, 2018 10:04 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3166
Views: 966062

Re: What Book Are You Currently Reading? Part VI

I am reading " Enlightenment now" by Steven Pinker. I am at page 244 now and so far it is a great book.

So much to learn. It is much easier to read that " The better angels of our nature" and while I thought that was a great book, this one is better.
by Wildebeest
Sat Feb 24, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Just had our offer accepted on a $1.4 Million House
Replies: 90
Views: 9817

Re: Just had our offer accepted on a $1.4 Million House

Do you think it's possible for prices to increase 50% every three years forever? Racking my brain for reasons why the economic fundamentals and outlook for the Bay Area (or any other VHCOL area) are worse now than they were three years ago, and can’t come up with any. If anything the outlook now is...
by Wildebeest
Sat Feb 24, 2018 8:55 pm
Forum: Investing - Theory, News & General
Topic: What books changed your outlook on how you should invest?
Replies: 54
Views: 4751

Re: What books changed your outlook on how you should invest?

Before I started investing an article about investing greatly influenced how I would invest. It was a column in Newsweek by economist Paul Samuelson in the summer of 1976 on how the small mutual fund company Vanguard would soon by introducing the first retail index stock mutual fund. By the time I ...
by Wildebeest
Sat Feb 24, 2018 8:21 pm
Forum: Investing - Theory, News & General
Topic: What books changed your outlook on how you should invest?
Replies: 54
Views: 4751

Re: What books changed your outlook on how you should invest?

Most of the ones I have read had similar themes, but Random Walk Down Wallstreet resonated the most for me. I loved a "Random walk down Wall Street". A great book. It would have been even a greater book if we never heard of Malkiel again and I had not read "The (Mis) behavior of markets" by Benoit ...
by Wildebeest
Fri Feb 23, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: What books changed your outlook on how you should invest?
Replies: 54
Views: 4751

Re: "Bogle on Mutual Funds"

Once upon a time I read John C Bogle's " All about mutual funds" and it made so much sense and I was ready. And I was sold. At the time I did not have much money but I went all in. Index funds it is and it will be. Wildebeest: Your memory (like mine) is slipping. Mr. Bogle never wrote a book with t...
by Wildebeest
Fri Feb 23, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: What books changed your outlook on how you should invest?
Replies: 54
Views: 4751

Re: What books changed your outlook on how you should invest?

Most of the ones I have read had similar themes, but Random Walk Down Wallstreet resonated the most for me. I loved a "Random walk down Wall Street". A great book. It would have been even a greater book if we never heard of Malkiel again and I had not read "The (Mis) behavior of markets" by Benoit ...
by Wildebeest
Fri Feb 23, 2018 8:17 pm
Forum: Investing - Theory, News & General
Topic: What books changed your outlook on how you should invest?
Replies: 54
Views: 4751

What books changed your outlook on how you should invest?

Once upon a time I read John C Bogle's " Bogle on mutual funds" and it made so much sense and I was ready. And I was sold. At the time I did not have much money but I went all in. Index funds it is and it will be. I reread the book 20 years later and while I was taken by the logic it was not the sam...
by Wildebeest
Fri Feb 23, 2018 7:53 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3166
Views: 966062

Re: What Book Are You Currently Reading? Part VI

Fiction versus non-fiction. Sometimes it is hard to decide what you are reading. Currently I am on a non-fiction bender. I loved Nassim Taleb's "The black swan" and did not realize what a great book it was till I read "Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets" then ...
by Wildebeest
Fri Feb 09, 2018 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 318
Views: 27102

Re: free dinner investing seminar

... I will get all reffed up to expose what I consider how the"attendees" are taking advantage of, while the "attendees" consider "Wildebeest" a jerk for asking the tough questions to the presenter, who just paid for dinner. When someone buys me dinner, I am respectful and polite (while declining t...
by Wildebeest
Wed Feb 07, 2018 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 318
Views: 27102

Re: free dinner investing seminar

I have never been to any free dinner investing seminar. If your friend reports to his experience on Bogleheads , it will be my privilege to donate $100 to Bogleheads. I am sure exposing the "free dinner investing seminar" for what it is, may help. I rather donate $ 100 for a report on Bogleheads wit...
by Wildebeest
Wed Feb 07, 2018 9:31 pm
Forum: Personal Consumer Issues
Topic: What time do you go to work?
Replies: 72
Views: 5899

Re: What time do you go to work?

I get in at 7:30 AM.
by Wildebeest
Wed Feb 07, 2018 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Am I saving too much for retirement?
Replies: 105
Views: 13998

Re: Am I saving too much for retirment?

It never occurred to me that you could save too much for retirement as long as you feel you are not depriving yourself now. It is great to plan for the future, but you'll never know when the end is coming. And how does the significant other in your life feel how you handle your finances? Shared goal...