Search found 383 matches

by Horton
Wed Nov 13, 2019 8:25 pm
Forum: Investing - Theory, News & General
Topic: Eric Balchunas, Senior ETF Analyst at Bloomberg is my guest on this "Bogleheads on Investing" podcast.
Replies: 18
Views: 1600

Re: Eric Balchunas, Senior ETF Analyst at Bloomberg is my guest on this "Bogleheads on Investing" podcast.

Very good discussion! I came away with a much better understanding of the creation/redemption process. The “tax risk” associated with small ETF closures was a good segment too.
by Horton
Wed Nov 13, 2019 8:21 pm
Forum: Investing - Theory, News & General
Topic: Saving for a new vehicle
Replies: 36
Views: 3196

Re: Saving for a new vehicle

surfstar wrote:
Wed Nov 13, 2019 7:05 pm
(edit - holy carp! that author has eight kids - that's where all his money goes :shock: )
His blog is a gem.
by Horton
Wed Nov 13, 2019 8:19 pm
Forum: Investing - Theory, News & General
Topic: Saving for a new vehicle
Replies: 36
Views: 3196

Re: Saving for a new vehicle

Try this: Then I go to the website(s) of the manufacturer in question, and copy the data on all of the used models on offer at the dealerships within 30 miles of me. With price as the dependent variable, I then run a regression with model year as dummy independent variables, and total miles as an in...
by Horton
Sun Nov 03, 2019 3:42 pm
Forum: Investing - Theory, News & General
Topic: Nominal or inflation-protected bonds?
Replies: 42
Views: 2788

Re: Nominal or inflation-protected bonds?

If deflation occurs then the cost to fund your standard of living might get cheaper too. You could have half your fixed income in TIPS and the other in nominal bonds. This is a naive way to protect against both inflation and deflation. You could also take a look at the Permanent Portfolio, which att...
by Horton
Tue Oct 22, 2019 3:21 pm
Forum: Personal Consumer Issues
Topic: Enlarge shower to include bench, walk-in tub, or both?
Replies: 40
Views: 2637

Re: Enlarge shower to include bench, walk-in tub, or both?

We just recently completed a renovation of our master bath. We removed some cabinets to expand the shower footprint and added a bench. We kept the tub because we have small kids and give them a bath in our tub sometimes. Overall, we are really happy with the outcome. It was expensive, but we plan t...
by Horton
Tue Oct 22, 2019 1:48 pm
Forum: Personal Consumer Issues
Topic: Brisket Recipe
Replies: 19
Views: 2407

Re: Brisket Recipe

Thanks for the pointer, I'm always on the lookout for a new way, and Franklin... yeah. Since you brought up texas style brisket on a webber, I thought you'd find the following interesting. The site amazingribs.com has a LOT of good, free information, and tries to go into the details of the how and ...
by Horton
Tue Oct 22, 2019 1:32 pm
Forum: Personal Consumer Issues
Topic: Brisket Recipe
Replies: 19
Views: 2407

Re: Brisket Recipe

Longdog wrote:
Tue Oct 22, 2019 1:15 pm
I was reading with great anticipation, mouth watering, hoping your post was going to finish with an open invitation to all Bogleheads to come to your house for some smokin’ delicious brisket. :wink:
It’s all gone now; maybe next time! :beer
by Horton
Tue Oct 22, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone work in Compensation/Benefits? (Math teacher looking for a career switch)
Replies: 26
Views: 1991

Re: Anyone work in Compensation/Benefits? (Math teacher looking for a career switch)

You could look into becoming an actuary with a focus on health or retirement benefits. I personally know several former math teachers who have made this transition. Send me a PM if you want more info. All that said, it sounds like you have a pretty good gig right now. Your are successful in the clas...
by Horton
Tue Oct 22, 2019 1:00 pm
Forum: Personal Consumer Issues
Topic: Enlarge shower to include bench, walk-in tub, or both?
Replies: 40
Views: 2637

Re: Enlarge shower to include bench, walk-in tub, or both?

We just recently completed a renovation of our master bath. We removed some cabinets to expand the shower footprint and added a bench. We kept the tub because we have small kids and give them a bath in our tub sometimes. Overall, we are really happy with the outcome. It was expensive, but we plan to...
by Horton
Tue Oct 22, 2019 12:55 pm
Forum: Personal Consumer Issues
Topic: Brisket Recipe
Replies: 19
Views: 2407

Brisket Recipe

About 6 months ago I received a copy of Aaron Franklin's BBQ book . I highly recommend it to anyone who enjoys Texas BBQ and it brought back a lot of nostalgic memories of my dad and grandpa cooking brisket on their offset smokers . The book and memories inspired a desire to cook a full brisket, but...
by Horton
Mon Oct 21, 2019 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5569

Re: Should I take the job in OKC or Orlando?

What are you planning to do once you hit $2m? You sound rather miserable right now and neither option sounds like much of an improvement. There are bound to be ample other opportunities for you and your wife. Don’t get too obsessed with “your number”. Try to find a job that provides purpose and happ...
by Horton
Sat Oct 19, 2019 6:51 pm
Forum: Investing - Theory, News & General
Topic: Episode 014: Bogleheads on Investing - guest Chris Mamula, host Rick Ferri
Replies: 6
Views: 1534

Re: Episode 014: Bogleheads on Investing - guest Chris Mamula, host Rick Ferri

Good podcast. I enjoyed the conversation. I thought Chris did a good job of framing the discussion in terms of FI rather than solely FIRE. The point is to find your purpose and pursue it.
by Horton
Sat Oct 19, 2019 1:24 pm
Forum: Investing - Theory, News & General
Topic: Liability matching, duration, and rebalancing
Replies: 8
Views: 1269

Re: Liability matching, duration, and rebalancing

If this is correct, then in retirement, a life-cycle investor should NEVER rebalance out of his fixed portfolio. You can rebalance into it--that just raises your income floor by some amount--but you can't rebalance out of it. If your bond funds go up 12 percent and your stock funds go down 25 perce...
by Horton
Sat Oct 19, 2019 12:45 pm
Forum: Investing - Theory, News & General
Topic: Are TIPS really a good inflation hedge? Pros and Cons
Replies: 151
Views: 11513

Re: Are TIPS really a good inflation hedge? Pros and Cons

Hi all, I'm an infrequent visitor to BH, but the TIPS question brings me here. It occurs to me that there are better and worse times to buy TIPS. I was inspired by looking at the ratio of TIP : IEF on a chart, and during the GFC and also during 2016 the expectation of inflation became really low, s...
by Horton
Tue Oct 15, 2019 1:15 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4794
Views: 1248899

Re: What Movie Have You Recently Watched?

We rarely watch movies, and even more rarely go to the theater, but we've had more leisure time than normal the past couple months and have watched a fair number of films. Browsing through our Prime Video history, here are the films we have watched in the past couple months: Rocky I Rocky II Forever...
by Horton
Sun Oct 06, 2019 7:37 am
Forum: Investing - Theory, News & General
Topic: Bond Investing when Yield Curve is Flat
Replies: 91
Views: 8300

Re: Bond Investing when Yield Curve is Flat

Since when did bonds with maturities between 7 and 10 years become classified as long term? :mrgreen: I don’t think this article delves appropriately enough into an interesting debate. In essence, the author is advocating a blend of short and intermediate bond funds. Total Bond or an intermediate Tr...
by Horton
Thu Oct 03, 2019 5:57 pm
Forum: Personal Consumer Issues
Topic: How to watch Yankees game when I have Hulu
Replies: 4
Views: 447

Re: How to watch Yankees game when I have Hulu

I’ve used YouTube TV in the past so I’m using an AT&T TV free trial for games this week and then possibly Hulu the week after. Unfortunately I miss out on the MLB Network games.
by Horton
Thu Oct 03, 2019 5:55 pm
Forum: Personal Consumer Issues
Topic: First car for child
Replies: 129
Views: 8094

Re: First car for child

Anything that is affectionately known as "the boat" should be safe enough. 90s buicks come to mind, or maybe an old mercury grand marquis. Lets get real, they are going to destroy it, dont put any money into it. This brings back memories :D One of my first cars was a Buick LeSabre my grandparents h...
by Horton
Thu Oct 03, 2019 1:11 pm
Forum: Personal Investments
Topic: Vanguard IRA Account Consolidation
Replies: 6
Views: 492

Re: Vanguard IRA Account Consolidation

In 2015, I transferred about 50% of my Rollover IRA account at Vanguard to an IRA CD account at Capital One. In 2019, I transferred this sum (plus interest from the CD) back to Vanguard from the exact same Capital One IRA. Do you have any documentation that you could provide to Vanguard showing it ...
by Horton
Thu Oct 03, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14076

Re: Willingly going from lucrative job to unemployed?

Just wanted to thank everybody who took time out of their busy schedule to give their perspective. I won’t be able to reply to all of you but rest assured I read each individual post, and internalized it. I keep being grateful for this community. I am set to start the conversation with my boss abou...
by Horton
Thu Oct 03, 2019 10:40 am
Forum: Personal Investments
Topic: Vanguard IRA Account Consolidation
Replies: 6
Views: 492

Vanguard IRA Account Consolidation

In 2015, I transferred about 50% of my Rollover IRA account at Vanguard to an IRA CD account at Capital One. In 2019, I transferred this sum (plus interest from the CD) back to Vanguard from the exact same Capital One IRA. I expected that these funds would have been placed in the same account from w...
by Horton
Thu Oct 03, 2019 9:13 am
Forum: Personal Consumer Issues
Topic: Video Doorbell without monthly Subscription
Replies: 9
Views: 1663

Re: Video Doorbell without monthly Subscription

I have an Arlo and get free access to recordings from the last 7 days. I can download footage to my phone if I want to keep it.
by Horton
Thu Oct 03, 2019 8:59 am
Forum: Personal Consumer Issues
Topic: Solar Installation - 0.75 Year Later
Replies: 72
Views: 9791

Re: Solar Installation - 0.75 Year Later

Thanks for this information. You have basically the equivalent of a tax-free bond yielding about 20% a year so far, right? That's amazing! Haha, I wish it were so easy to calculate ROI. Unlike a five year bond, you won't get the full investment back in five years (neglecting potential increases in ...
by Horton
Wed Oct 02, 2019 9:50 pm
Forum: Personal Consumer Issues
Topic: Solar Installation - 0.75 Year Later
Replies: 72
Views: 9791

Re: Solar Installation - 0.75 Year Later

Just curious...how much energy do you use per year? Sounds like you use about 12,000 given your comment that you may be a net surplus generator? If so, that’s a bit surprising since I live in a significantly hotter locale, have a pretty large house (3,500 sq ft), wife/kids at home during the day, a...
by Horton
Wed Oct 02, 2019 9:01 pm
Forum: Personal Consumer Issues
Topic: Solar Installation - 0.75 Year Later
Replies: 72
Views: 9791

Re: Solar Installation - 0.75 Year Later

My electric utility is starting a program where you can purchase up to 36 panels that they will install on a carport around town and maintain for 25 years. I’ve never been interested in having panels on my roof, but was a bit intrigued by this program since they also maintain the panels. That said, ...
by Horton
Wed Oct 02, 2019 7:46 pm
Forum: Personal Consumer Issues
Topic: Solar Installation - 0.75 Year Later
Replies: 72
Views: 9791

Re: Solar Installation - 0.75 Year Later

Just curious...how much energy do you use per year? Sounds like you use about 12,000 given your comment that you may be a net surplus generator? If so, that’s a bit surprising since I live in a significantly hotter locale, have a pretty large house (3,500 sq ft), wife/kids at home during the day, an...
by Horton
Wed Oct 02, 2019 7:23 pm
Forum: Personal Consumer Issues
Topic: Solar Installation - 0.75 Year Later
Replies: 72
Views: 9791

Re: Solar Installation - 0.75 Year Later

Thank you for sharing the detailed information. I recently got a quote and my estimated payoff was a little over 12 years, compared to your 5 year payoff. Why the difference? Because I pay an average of $0.11 / kWh, compared to your $0.24 / kWh! :shock: :shock: :shock: Solar is a no brainer for thos...
by Horton
Wed Oct 02, 2019 9:14 am
Forum: Investing - Theory, News & General
Topic: If you use Vanguard (Brokerage), why do you stay?
Replies: 58
Views: 6679

If you use Vanguard (Brokerage), why do you stay?

With all the recent threads about Schwab and TDA’s announcement of free trades, along with a general trend of support for these companies and others like Fidelity, I’m interested to hear from folks who have the bulk of their assets at Vanguard and do not plan to leave in the near future. My wife and...
by Horton
Tue Oct 01, 2019 10:23 am
Forum: Investing - Theory, News & General
Topic: How to implement S&P Leap strategy?
Replies: 25
Views: 1934

Re: How to implement S&P Leap strategy?

1-1.3 leverage doesn’t seem very meaningful to me. Why not just invest 100% in a low cost SP 500 index fund?

What’s your overall asset allocation (across all accounts)?
by Horton
Tue Oct 01, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14076

Re: Willingly going from lucrative job to unemployed?

Maybe you should reframe the outcome from “unemployed” to “on sabbatical”? Take some time off and you may find a way to repurpose your skills in a new job that provides meaning and purpose with more flexibility.

Given your financial situation, you don’t need to make much to get by.
by Horton
Tue Oct 01, 2019 8:25 am
Forum: Personal Investments
Topic: How doe the TYPICAL investor balance against interest And inflation spike risk?
Replies: 24
Views: 1955

Re: How doe the TYPICAL investor balance against interest And inflation spike risk?

I just finished muddling my way through the 'Interest Rate Risk: Two Views' post... https://www.bogleheads.org/forum/viewtopic.php?t=290766. It was an interesting discussion and refresher, but didn't quite close the loop for me. ... We are 58. Plan to retire in a year or so. Have no pensions and pl...
by Horton
Tue Oct 01, 2019 8:11 am
Forum: Personal Investments
Topic: 401k Plan Comparison: What am I Giving Up?
Replies: 6
Views: 620

Re: 401k Plan Comparison: What am I Giving Up?

I wouldn’t sweat it. Focus on the main reasons you are changing jobs.
by Horton
Tue Oct 01, 2019 8:08 am
Forum: Personal Investments
Topic: Highly Compensated Employee & 401K limits
Replies: 41
Views: 4378

Re: Highly Compensated Employee & 401K limits

The $120k number isn't something set. Let's say as an example that your company dropped all matching and as a result a large number of low paid employees stopped all 401k contributions. That $120k number might drop to $50k. On the other hand, if the company told all employees that for anyone contri...
by Horton
Sun Sep 29, 2019 5:30 pm
Forum: Investing - Theory, News & General
Topic: SWAN ETF - 10% Leaps / 90% Treasuries
Replies: 42
Views: 5062

Re: SWAN ETF - 10% Leaps / 90% Treasuries

Here is a recent article on Advisor Perspectives discussing this ETF. Not my cup of tea, but some may find it useful.
by Horton
Sun Sep 29, 2019 1:46 pm
Forum: Investing - Theory, News & General
Topic: Interest Rate Risk: Two Views
Replies: 126
Views: 9021

Re: Interest Rate Risk: Two Views

Approximate protection. OK. The claim in the OP is exact protection or no interest rate risk, reinvestment risk, or inflation risk (if TIPS are used) . You may have missed the following footnote in the OP: In the case, there is no interest rate risk, reinvestment risk, or inflation risk (if TIPS ar...
by Horton
Fri Sep 27, 2019 9:23 pm
Forum: Investing - Theory, News & General
Topic: Interest Rate Risk: Two Views
Replies: 126
Views: 9021

Re: Interest Rate Risk: Two Views

Thanks for sharing Bob! Now, if only Vanguard, Blackrock, or Schwab would start a LT TIPS fund to compete with LTPZ!
by Horton
Fri Sep 27, 2019 9:42 am
Forum: Investing - Theory, News & General
Topic: Interest Rate Risk: Two Views
Replies: 126
Views: 9021

Re: Interest Rate Risk: Two Views

chem6022 wrote:
Thu Sep 26, 2019 10:38 pm
vineviz wrote:
Thu Sep 26, 2019 7:35 pm
There is no such strategy involved in a three-fund portfolio, except perhaps though blind luck.
It can be done with a three-fund, you just have to use a better stack: VT / VTIP / VGLT :P
:sharebeer
by Horton
Thu Sep 26, 2019 2:45 pm
Forum: Investing - Theory, News & General
Topic: Interest Rate Risk: Two Views
Replies: 126
Views: 9021

Re: Interest Rate Risk: Two Views

Here is a good article about the usefulness of Funded Ratios. It touches on a variety of themes previously discussed - primarily valuing liabilities and interest rate risk. https://medium.com/@justusjp/52-weeks-of-funded-ratios-ccbffb7f5c53 Some key excerpts... First off, the author is tracking his ...
by Horton
Thu Sep 26, 2019 2:21 pm
Forum: Investing - Theory, News & General
Topic: Long Term Bond Funds from age 70 to 80?
Replies: 12
Views: 1389

Re: Long Term Bond Funds from age 70 to 80?

Just to be clear, you would not pick a fund with a duration equal to your life expectancy. You would look for a fund with a duration equal to the duration of your spending needs through life expectancy. With rates low, life expectancy divided by two is a very rough approximation. I think you're mix...
by Horton
Thu Sep 26, 2019 1:05 pm
Forum: Investing - Theory, News & General
Topic: Interest Rate Risk: Two Views
Replies: 126
Views: 9021

Re: Interest Rate Risk: Two Views

You can fund living expenses with a stable income stream. After all, isn’t that what we do our entire working career? Depends on how stable the living expenses are, how well the living expenses are modeled, the safety of the income stream, and the size of the cushion to your income stream. Simply s...
by Horton
Thu Sep 26, 2019 12:54 pm
Forum: Investing - Theory, News & General
Topic: Interest Rate Risk: Two Views
Replies: 126
Views: 9021

Re: Interest Rate Risk: Two Views

Your word choice is also not the best, since IRR is already known as the Internal Rate of Return in finance. In your original article you offered two views, but you never bothered to define your terms in the introduction paragraph. Who knows what you are really trying to say? To buy TIPs and annuit...
by Horton
Thu Sep 26, 2019 10:56 am
Forum: Investing - Theory, News & General
Topic: Interest Rate Risk: Two Views
Replies: 126
Views: 9021

Re: Interest Rate Risk: Two Views

Moreso, "interest rate risk" is also not a risk that is only associated with an investment as it depends on liabilities that a variable, financially unfavorable, and mostly optional as well. Risk is NEVER associated only with an investment asset or liability, and is always associated with the way i...
by Horton
Thu Sep 26, 2019 10:52 am
Forum: Investing - Theory, News & General
Topic: Interest Rate Risk: Two Views
Replies: 126
Views: 9021

Re: Interest Rate Risk: Two Views

From my point of view, the original problem posted in the OP did not attempt to model future living expenses. The problem was whether one could produce an inflation-adjusted $40K/yr over 30 years using a couple of TIPS bond funds, rather than 30 individual TIPS. The latter would greatly reduce or e...
by Horton
Thu Sep 26, 2019 10:25 am
Forum: Investing - Theory, News & General
Topic: Interest Rate Risk: Two Views
Replies: 126
Views: 9021

Re: Interest Rate Risk: Two Views

From my point of view, the original problem posted in the OP did not attempt to model future living expenses. The problem was whether one could produce an inflation-adjusted $40K/yr over 30 years using a couple of TIPS bond funds, rather than 30 individual TIPS. The latter would greatly reduce or e...
by Horton
Wed Sep 25, 2019 5:11 pm
Forum: Investing - Theory, News & General
Topic: Interest Rate Risk: Two Views
Replies: 126
Views: 9021

Re: Interest Rate Risk: Two Views

From my point of view, the original problem posted in the OP did not attempt to model future living expenses. The problem was whether one could produce an inflation-adjusted $40K/yr over 30 years using a couple of TIPS bond funds, rather than 30 individual TIPS. The latter would greatly reduce or e...
by Horton
Wed Sep 25, 2019 4:35 pm
Forum: Investing - Theory, News & General
Topic: Interest Rate Risk: Two Views
Replies: 126
Views: 9021

Re: Interest Rate Risk: Two Views

You missed the main point of my post. Because the living expenses are not an investment, they are not related to investment risk. A shortfall due to not meeting one's living expenses is not a loss of capital invested. The capital invested still experienced a gain (at least nominally). To prove this...
by Horton
Wed Sep 25, 2019 4:31 pm
Forum: Investing - Theory, News & General
Topic: Interest Rate Risk: Two Views
Replies: 126
Views: 9021

Re: Interest Rate Risk: Two Views

^ pdavi - all I can say is that we seem to be talking about two completely different things. I’m talking about liabilities as represented by income needed in retirement to fund living expenses. You seem to be talking about liabilities as investments that a business would make - e.g., building a fact...
by Horton
Wed Sep 25, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Article on Deferred Annuities on HumbleDoller
Replies: 15
Views: 1031

Re: Article on Deferred Annuities on HumbleDoller

A September 25, 2019 article by an actuary on HumbleDollar discusses how to mitigate the risks of living to very old age. One of these is a "deeply deferred annuity": Yet another strategy might be to buy a deeply deferred annuity that doesn’t start payments until age 90. A 65-year-old man investing...