Search found 2395 matches

by 2015
Sun Jan 20, 2019 1:52 pm
Forum: Investing - Theory, News & General
Topic: Is using an Asset Allocation Mental Accounting?
Replies: 43
Views: 1782

Re: Is using an Asset Allocation Mental Accounting?

I'm always baffled by these discussions. So what if asset allocation usage is mental accounting? As long as it prevents one from doing self-harm by chasing phantom maximization, what's the issue? So one is guilty of the dreaded mental accounting bias at the expense of ever elusive maximization? Go t...
by 2015
Sun Jan 20, 2019 1:35 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped dramatically, while credit has been frozen
Replies: 35
Views: 2417

Re: Credit score dropped dramatically, while credit has been frozen

I make it no secret that I detest the credit mafia, who are actually in the business of selling one's personal data. Always having lived beneath my means, I got into the habit years ago of always paying cash for everything in order to circumvent the credit score game. I haven't used credit in decade...
by 2015
Sun Jan 20, 2019 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Stay the course is hard
Replies: 54
Views: 4409

Re: Stay the course is hard

Vanguard Target date funds. They do all the work at very low levels of fees. No buying, no selling, means no second guessing or performance chasing. You are trying to perform better than the market. You are nothing compared to the genius that you are competing against. Consider that performing mark...
by 2015
Sat Jan 19, 2019 10:30 pm
Forum: Investing - Theory, News & General
Topic: What do you think about this 5 Fund portfolio vs 3 Fund one ?
Replies: 9
Views: 1281

Re: What do you think about this 5 Fund portfolio vs 3 Fund one ?

Chasing phantom yield and that ever elusive (just one more!) fistful of dollars is one of the best ways I can think of to one day look up and suddenly find your life is over before you feel you had a chance to truly live it.
by 2015
Sat Jan 19, 2019 10:12 pm
Forum: Investing - Theory, News & General
Topic: So when do you sell?
Replies: 27
Views: 2573

Re: So when do you sell?

It's not solely about wealth. It's about mindset, education, reach, vision, growth . Nothing against hard labor, it's honorable for sure. And if chosen intentionally, it could be a powerful statement. ... Very much agree. I have found competencies are everything in life. The outer will always refle...
by 2015
Sat Jan 19, 2019 9:58 pm
Forum: Personal Consumer Issues
Topic: What is a Boglehead funeral/burial?
Replies: 83
Views: 3690

Re: What is a Boglehead funeral/burial?

My date with the oven has been prepaid for over a couple of decades when I had my first dance with the devil and death's door. My intention is to continue expanding living life so fiercely that my second dance with him will be akin to spontaneous combustion. This moment comes only once so there's on...
by 2015
Sat Jan 19, 2019 9:46 pm
Forum: Investing - Theory, News & General
Topic: The NY Times calls us a cult but in a good way
Replies: 57
Views: 6031

Re: The NY Times calls us a cult but in a good way

https://www.nytimes.com/2019/01/17/your-money/jack-bogle-vanguard.html “He always cared more about that vision — how the industry should be run — than making friends in the industry. Of course, he was rewarded with a following that was cultlike in its devotion.” "The cultists call themselves the Bo...
by 2015
Fri Jan 18, 2019 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring Large Amounts Between Banks
Replies: 4
Views: 786

Re: Transferring Large Amounts Between Banks

I just did what you are planning to do, and only thing I was told was escrow company would report capital gains to IRS, which I was already planning on. The escrow company reports the gross proceeds. They have no way of knowing your capital gain. Gill Thank you, with taxes on my mind I was thinking...
by 2015
Fri Jan 18, 2019 12:40 pm
Forum: Personal Consumer Issues
Topic: How do you keep a calendar?
Replies: 62
Views: 2805

Re: How do you keep a calendar?

Given I keep virtually no paper, it's almost embarrassing to admit I still keep an appointment book. The main advantage is I use it almost as a diary and can look back on how I and my circumstances have changed. Up until last year, I kept all books going back to 1986, and for some time it proved to ...
by 2015
Fri Jan 18, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring Large Amounts Between Banks
Replies: 4
Views: 786

Re: Transferring Large Amounts Between Banks

I just did what you are planning to do, and only thing I was told was escrow company would report capital gains to IRS, which I was already planning on.
by 2015
Fri Jan 18, 2019 12:23 pm
Forum: Investing - Theory, News & General
Topic: If Everyone Did The 3 Fund Vanguard Strategy, Would Vanguard Be Controlling US Companies?
Replies: 10
Views: 1417

Re: If Everyone Did The 3 Fund Vanguard Strategy, Would Vanguard Be Controlling US Companies?

What is behind your question? What assurances are you seeking? Your hypotheticals (as others have noted) are completely unrealistic, so you must be trying to understand something but you may be uncomfortable just asking straight out??? This. I can think of so many more important things to be concer...
by 2015
Fri Jan 18, 2019 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 11079

Re: Have I Now Become Out of Touch Financially? Aging question...

My 100% whole wheat bread and fruits and vegetables (my inflation indicator) are the same prices as about 10, maybe 15 years ago in SoCal, so no real inflation here. In fact, experienced deflation first few years of retirement. Now that I live in paradise, food and other prices are about the same as...
by 2015
Fri Jan 18, 2019 11:59 am
Forum: Personal Consumer Issues
Topic: Home Owner's Insurance
Replies: 9
Views: 905

Re: Home Owner's Insurance

Keep the coverage. Go to a $5,000 deductible or some higher number. Make sure home and auto and umbrella are all with the same provider to get multi-line discounts . www.cinfin.com The agent search on the front page here allows you to find independent agents in your zip. They can shop multiple carr...
by 2015
Fri Jan 18, 2019 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Differences in Investment Approach
Replies: 46
Views: 1550

Re: Differences in Investment Approach

Whether to spend your time with an 800 word post on your investing "philosophy" or spend that time doing something else (like spending it with someone you love).
by 2015
Thu Jan 17, 2019 9:15 pm
Forum: Investing - Theory, News & General
Topic: When would you stop being a Boglehead?
Replies: 95
Views: 7372

Re: When would you stop being a Boglehead?

I never started. I have an effortless 3 fund portfolio that literally gets less attention from me than when I am mesmerized by watching desert plants grow in all their splendor. I also drink decaf mochas because I like them and because I can. I consider myself no more a "Boglehead" than a Mochahead....
by 2015
Thu Jan 17, 2019 8:14 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle's Obituary From The Family
Replies: 43
Views: 10953

Re: Jack Bogle's Obituary From The Family

Mr. Bogle was one of the rare souls who lived up to the idea of being able to "make a dent in the universe." A sad day this day.
by 2015
Tue Jan 15, 2019 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Biggest Investment Mistake
Replies: 164
Views: 11221

Re: Biggest Investment Mistake

1) Not migrating to the 3 fund PF sooner than I did; 2) Not reading all of longinvest's posts on VPW sooner than I did which actually helped me understand the winning the game concept far better than Bernstein's explanations (nothing against Bernstein); 3) Wasting too much time reading too much fin...
by 2015
Tue Jan 15, 2019 2:53 pm
Forum: Investing - Theory, News & General
Topic: "Dirt Simple Wins Again. Couch Potato Portfolio"
Replies: 20
Views: 4355

Re: "Dirt Simple Wins Again. Couch Potato Portfolio"

Bogleheads: Scott Burns has been a financial columnist advocating "Simplicity" for more than 40 years. Mr. Burns was a significant influence in my development of The Three-Fund Portfolio . This is Scott's latest article about the continuing success of his famous Couch Potato Portfolio . Dirt Simple...
by 2015
Mon Jan 14, 2019 7:49 pm
Forum: Investing - Theory, News & General
Topic: "Dirt Simple Wins Again. Couch Potato Portfolio"
Replies: 20
Views: 4355

Re: "Dirt Simple Wins Again. Couch Potato Portfolio"

The issue with dirt simple is it satisfies neither the ego or the gambling instinct in investing. I have Taylor and longinvest to thank for a major contribution to the quality of my life. Taylor's simple 3 fund portfolio coupled with longinvest's excellent idea to develop lifelong income streams ou...
by 2015
Mon Jan 14, 2019 7:19 pm
Forum: Investing - Theory, News & General
Topic: "Dirt Simple Wins Again. Couch Potato Portfolio"
Replies: 20
Views: 4355

Re: "Dirt Simple Wins Again. Couch Potato Portfolio"

The issue with dirt simple is it satisfies neither the ego or the gambling instinct in investing. I have Taylor and longinvest to thank for a major contribution to the quality of my life. Taylor's simple 3 fund portfolio coupled with longinvest's excellent idea to develop lifelong income streams out...
by 2015
Mon Jan 14, 2019 3:39 pm
Forum: Personal Consumer Issues
Topic: Meanings of probability
Replies: 11
Views: 1283

Re: Meanings of probability

The irony is that probabilities make zero sense outside of a bayesian or frequentist framework and even the creators of that visualization may not realize that... given that they're intermingling the two as if they're the same thing. It appears to me many who write on investing commit this error al...
by 2015
Mon Jan 14, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Goal Setting, feeling like treading water
Replies: 4
Views: 805

Re: Goal Setting, feeling like treading water

It appears to me you are approaching goal setting, success, achievement, and accomplishment in the same manner most individuals do. You are successful, but doing so somewhat haphazardly. In my experience, nothing is more valuable than learning to be rational. That is, learning to align one's actions...
by 2015
Mon Jan 14, 2019 2:58 pm
Forum: Investing - Theory, News & General
Topic: Things I learned
Replies: 6
Views: 1114

Re: Things I learned

Glad you had takeaways from what you've read here. It's a good idea to remember that risk is multi-faceted extending far far beyond simply investing. Risk outside of investing impacts investing, which is why I find the "willingness/need/ability" risk assessment useless when exposed to the light of r...
by 2015
Sun Jan 13, 2019 8:08 pm
Forum: Personal Consumer Issues
Topic: How do I stop jeans from ripping in the thighs?
Replies: 70
Views: 4307

Re: How do I stop jeans from ripping in the thighs?

Is there a prize? Yes, thinking one is a member of The Cool Kids. I'm baffled why this thread is still open. I thought it would be locked up faster than a drunk driver going through a DUI checkpoint. I don't see why it would be locked. There are plenty of other threads like this. But again, I am no...
by 2015
Sun Jan 13, 2019 7:42 pm
Forum: Investing - Theory, News & General
Topic: charles schwab, fidelity and seven other banks and brokerages are planning to launch a new exchange
Replies: 6
Views: 1387

Re: charles schwab, fidelity and seven other banks and brokerages are planning to launch a new exchange

I would think more competition is a good thing, as long as access is still available to all the exchanges, and the bid/ask is transparent across all of them. Theoretically, people who trade with these brokers might... maybe... have faster/better access to this exchange circumventing the the advanta...
by 2015
Sun Jan 13, 2019 7:29 pm
Forum: Personal Consumer Issues
Topic: How do I stop jeans from ripping in the thighs?
Replies: 70
Views: 4307

Re: How do I stop jeans from ripping in the thighs?

In before the lock. OP, did you know ripped/torn jeans are all the rage right now and people are actually paying money for pre-ripped/shredded jeans? Is there a prize? Yes, thinking one is a member of The Cool Kids. I'm baffled why this thread is still open. I thought it would be locked up faster t...
by 2015
Sun Jan 13, 2019 7:16 pm
Forum: Personal Consumer Issues
Topic: How do I stop jeans from ripping in the thighs?
Replies: 70
Views: 4307

Re: How do I stop jeans from ripping in the thighs?

In before the lock. OP, did you know ripped/torn jeans are all the rage right now and people are actually paying money for pre-ripped/shredded jeans? Is there a prize? Yes, thinking one is a member of The Cool Kids. I'm baffled why this thread is still open. I thought it would be locked up faster t...
by 2015
Sun Jan 13, 2019 7:14 pm
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9588

Re: Did you ever "win" big?

Attributing everything in life "fate" or "luck", is not only intellectually dishonest, its pure laziness. You have to know what you have agency over . If stock returns and asset selection were in any way predictable, we'd be surrounded by superior fund managers. In practice we are not - the average...
by 2015
Sun Jan 13, 2019 7:11 pm
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9588

Re: Did you ever "win" big?

I would urge anyone reading this thread to consider a few things I have observed about men, specifically, in their conversation with other men (I cannot really speak to the female gender case). Men pretty much always lie or exaggerate about certain things. My benchmark for this is my close friends,...
by 2015
Sun Jan 13, 2019 7:03 pm
Forum: Personal Consumer Issues
Topic: How do I stop jeans from ripping in the thighs?
Replies: 70
Views: 4307

Re: How do I stop jeans from ripping in the thighs?

In before the lock. OP, did you know ripped/torn jeans are all the rage right now and people are actually paying money for pre-ripped/shredded jeans?
by 2015
Sun Jan 13, 2019 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing software
Replies: 42
Views: 2312

Re: Tax filing software

H&R Block can be had for less than $20 if you buy it after November (I found out the hard way). I would personally never go near free filing services such as Credit Karma as I don't want them monetizing my data.
by 2015
Sun Jan 13, 2019 12:51 pm
Forum: Personal Consumer Issues
Topic: ROI calc on grocery expenses
Replies: 29
Views: 1873

Re: ROI calc on grocery expenses

It is very, very negative when you factor in health impacts. Totally agree. OTOH, not everyone cares about the health impacts of their daily diet. Same goes for attention to exercise or lack thereof. This isn't a judgment. It's just that people have different priorities in life and are making choic...
by 2015
Sun Jan 13, 2019 12:32 pm
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9588

Re: Did you ever "win" big?

I would urge anyone reading this thread to consider a few things I have observed about men, specifically, in their conversation with other men (I cannot really speak to the female gender case). Men pretty much always lie or exaggerate about certain things. My benchmark for this is my close friends,...
by 2015
Sun Jan 13, 2019 12:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Asset Mix Chart [Vanguard website shows incorrect asset allocation]
Replies: 16
Views: 1151

Re: Vanguard Asset Mix Chart

Oh great. Yet another bash VG thread. Glad I bought the extra popcorn yesterday. Let the good times roll.
by 2015
Sat Jan 12, 2019 8:15 pm
Forum: Personal Consumer Issues
Topic: Preventative home & auto checks
Replies: 30
Views: 2173

Re: Preventative home & auto checks

Check regularly for mold around all areas involving water (i.e., dishwasher, disposal, refrigerator ice maker, washer, hot water heater, windows, etc.). I learned this the hard way.
by 2015
Sat Jan 12, 2019 8:08 pm
Forum: Investing - Theory, News & General
Topic: Interesting FireCalc Results
Replies: 8
Views: 1737

Re: Interesting FireCalc Results

David Jay wrote:
Fri Jan 11, 2019 9:05 pm
This is in keeping with most of the research. The issue is that, from a behavioral standpoint, many people can’t handle 70-80% in stocks.
This.
And many people think they can until life gets in the way.
by 2015
Sat Jan 12, 2019 8:04 pm
Forum: Personal Consumer Issues
Topic: ROI calc on grocery expenses
Replies: 29
Views: 1873

Re: ROI calc on grocery expenses

It is very, very negative when you factor in health impacts. Totally agree. OTOH, not everyone cares about the health impacts of their daily diet. Same goes for attention to exercise or lack thereof. This isn't a judgment. It's just that people have different priorities in life and are making choic...
by 2015
Sat Jan 12, 2019 7:50 pm
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9588

Re: Did you ever "win" big?

I've had a few winners but they were more than cancelled out by losers. The thing about life is, sometimes you just need 1 or 2 big wins, and you never have to work again. You've won. Haters will say "got lucky" because that's all they could say. They never took action so they are stuck rationalizi...
by 2015
Sat Jan 12, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: How Long Should I Keep Financial Records of Deceased Relatives
Replies: 20
Views: 1423

Re: How Long Should I Keep Financial Records of Deceased Relatives

Leesbro63 wrote:
Sat Jan 12, 2019 11:55 am
Why not digitize those records and keep forever?
What I did. I settled the entire estate digitally for this very reason. I don't deal in paper anymore.
by 2015
Fri Jan 11, 2019 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: What financial instution do you use for cash?
Replies: 14
Views: 1020

Re: What financial instution do you use for cash?

I'm kind of in your situation. Independent and no debt of any kind. So...I just threw all my windfall into ally, liability matched expenses via CD's and one years expenses in ally's savings account until delayed SS at 70. Beyond that, I move expenses one month in advance from ally each month to BofA...
by 2015
Fri Jan 11, 2019 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Can't change address on "My Social Security" site
Replies: 6
Views: 716

Re: Can't change address on "My Social Security" site

... If you do not receive Social Security benefits, SSI or Medicare, you do not need to change your address with us . Really? I am not receiving SS benefits, just recently moved, and SS sent me a letter telling me the post office had notified them I had moved and if this was correct I didn't have t...
by 2015
Fri Jan 11, 2019 2:21 pm
Forum: Investing - Theory, News & General
Topic: What are the disadvantages of taking all risk on equity side?
Replies: 63
Views: 3567

Re: What are the disadvantages of taking all risk on equity side?

The risk is that you will tell yourself stories that are not rational; that is, they fail to map to reality. Narrative will always serve to undermine human decision making which is why luck falls for the most part on the side of simplicity, particularly in complex adaptive systems which both humans ...
by 2015
Fri Jan 11, 2019 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Biggest Investment Mistake
Replies: 164
Views: 11221

Re: Biggest Investment Mistake

1) Not migrating to the 3 fund PF sooner than I did; 2) Not reading all of longinvest's posts on VPW sooner than I did which actually helped me understand the winning the game concept far better than Bernstein's explanations (nothing against Bernstein); 3) Wasting too much time reading too much fina...
by 2015
Fri Jan 11, 2019 2:03 pm
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9588

Re: Did you ever "win" big?

I've had a few winners but they were more than cancelled out by losers. +1 One of the big problems with stock picking is that if you pick 20 stocks then just by dumb luck a couple of them will do much better than the stock market. I have also gone to the horse races and bet on a dozen races and won...
by 2015
Thu Jan 10, 2019 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: first AA with index funds
Replies: 10
Views: 827

Re: first AA with index funds

I spent many years as an individual stock picker with a value emphasis. Mostly I outperformed the S&P 500 from 1999 until 2008, and mostly I underperformed since then. Overall, it's a wash -- but it consumed countless hours of time that I'll never get back . ... Thank you for your eloquent, succinc...
by 2015
Thu Jan 10, 2019 9:02 pm
Forum: Investing - Theory, News & General
Topic: Experts Forecast Long-Term Stock and Bond Returns: 2019 Edition
Replies: 10
Views: 979

Re: Experts Forecast Long-Term Stock and Bond Returns: 2019 Edition

I see we didn't need to get too far into the new year for Morningstar to be doling out the schlock. Love the obligatory use of the word "experts" in the title. Morningstar, you could at least be a little more translucent with your click bait.
by 2015
Thu Jan 10, 2019 8:53 pm
Forum: Investing - Theory, News & General
Topic: Salary, Portfolio size, and Asset Allocation
Replies: 33
Views: 2753

Re: Salary, Portfolio size, and Asset Allocation

Thankfully, I have read enough outside the very narrow fields of investing, personal finance, and microeconomics to disregard all theory related to asset allocation. Reality has a way of decimating even the most clever sounding theory. I have always and will continue to apportion my assets based on ...
by 2015
Thu Jan 10, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 81
Views: 5624

Re: How did you solve the pre-medicare healthcare riddle?

Wish I had never used COBRA as I could have saved big time by using the ACA. First year using ACA, I manipulated my MAGI to amount to only $23K a year qualifying me for PTC's/subsidies using the Silver 87 plan. As a result, my healthcare plummeted to about $1K/year. For 2018 I will have to repay all...
by 2015
Thu Jan 10, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Mint.com
Replies: 10
Views: 1538

Re: Mint.com

I never release my data beyond my personal device. I have however eradicated all information related to tracking financials before 2015 as that was the year I retired and data before that time no longer adds value. The decision to update and/or replace all of my mental software at that time also fac...
by 2015
Thu Jan 10, 2019 1:33 pm
Forum: Investing - Theory, News & General
Topic: AQR Cuts Staff After a Bad Year (39 out of 41 funds down)
Replies: 31
Views: 2628

Re: AQR Cuts Staff After a Bad Year (39 out of 41 funds down)

Fair enough, but 2 points: 1.) Those ppl don't have an army of apologist peddling their funds regardless of performance/fees in this forum and in the general press. 2.) Don't you think it's significant that they sell something based on "robust evidence" and have to change it half way to something e...