Search found 156 matches

by Reb Tevye
Fri Jun 28, 2019 7:25 pm
Forum: Personal Consumer Issues
Topic: Am I falling into the trap of judging everything through cost lens?
Replies: 51
Views: 5152

Re: Am I falling into the trap of judging everything through cost lens?

I buy cheap until/unless I learn from experience that it was a bad choice. Sometimes it’s my experience. Sometimes it’s someone else’s experience (video bloggers don’t count, but friends and some Bogleheads do). I love me my PBR and Burgie! But tape... 3M, baby. Inside-the-house 2nd set of tools... ...
by Reb Tevye
Thu Jun 27, 2019 10:11 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks .. talk me out of it
Replies: 31
Views: 2379

Re: Individual Stocks .. talk me out of it

There are a million ways to construct a portfolio. You know, I wondered about this, so I thought I’d look it up. I used this web page and ran a few ‘reasonable’ combination scenarios. https://www.calculator.net/peremutation-and-combination-calculator.html Starting with really big companies... SP500...
by Reb Tevye
Thu Jun 27, 2019 5:01 pm
Forum: Personal Investments
Topic: I Inherited a Trust, Please Help Me Find A Trustee
Replies: 12
Views: 1855

Re: I Inherited a Trust, Please Help Me Find A Trustee

Remember, paying 1% in lawyer+trustee fees for 60 years leaves the heirs with only 1-0.99^60 (one minus 0.99 to the 60th power)of the potential value. Eg, heirs keep 45%. The math is actually different since there are distributions, but you get the idea. Paying 2% for 60 years leaves only 30%. Thro...
by Reb Tevye
Thu Jun 27, 2019 7:38 am
Forum: Personal Investments
Topic: I Inherited a Trust, Please Help Me Find A Trustee
Replies: 12
Views: 1855

Re: I Inherited a Trust, Please Help Me Find A Trustee

This will be a lifelong headache if you don’t change something. Assuming it’s allowed by the terms, find a trustee who will sell the real estate and invest in a two fund portfolio (total us stock etf + tax efficient bond) plus a money market fund. At Schwab or Fidelity. If there at some point is no ...
by Reb Tevye
Wed Jun 26, 2019 9:21 pm
Forum: Personal Investments
Topic: Stock / Bond Allocation Sweet Spot
Replies: 26
Views: 3181

Re: Stock / Bond Allocation Sweet Spot

My understanding is these analyses above apply to a static portfolio with no contributions or withdrawals. True? Does a better (narrower range?) answer exist for an accumulator or for someone withdrawing? I think once I tried using FireCalc to answer this for a decumulator and saw a flat-ish “succes...
by Reb Tevye
Tue Jun 25, 2019 11:26 am
Forum: Investing - Theory, News & General
Topic: Defined Contribution Pension vs 401K?
Replies: 6
Views: 788

Re: Defined Contribution Pension vs 401K?

Here’s what I think I know about some state pensions... State Pensions pay out based on a formula. Or actually not usually a single formula, but different formulas for different cohorts of workers. State pensions collect money mostly from employers and sometimes from employees. Historically and ofte...
by Reb Tevye
Mon Jun 24, 2019 8:36 pm
Forum: Personal Investments
Topic: Stashing cash for a home purchase in 10 years
Replies: 15
Views: 1616

Re: Stashing cash for a home purchase in 10 years

Start contributing at 20%/80% now (total US stock/Total US bond). That’s an ‘old person’s conservative portfolio’, for safety from down turns and inflation. Slope down and rebalance to 0% stock over 5-10 years. Using contributions to rebalance should avoid most selling. Then change from Total Bond t...
by Reb Tevye
Sun Jun 23, 2019 9:17 pm
Forum: Personal Investments
Topic: Semi-Early Retirees: 401K to Roth IRA Conversions (Should I or Shouldn't I?)
Replies: 29
Views: 3992

Re: Semi-Early Retirees: 401K to Roth IRA Conversions (Should I or Shouldn't I?)

Congratulations on achieving your situation. There’s a fair amount to unpack here... 0. Take your time. 1. Do read as many of the other threads as you can find. 2. You should read the asset location placement wiki, eg to learn about tax efficient asset placement, namely try to keep your bonds in tax...
by Reb Tevye
Sat Jun 22, 2019 9:39 pm
Forum: Personal Consumer Issues
Topic: Subaru Ascent vs Toyota Highlander...
Replies: 37
Views: 4759

Re: Subaru Ascent vs Toyota Highlander...

Socrates wrote:
Sat Jun 22, 2019 9:19 pm
Suburus, like Toyota and Honda, last forever too.
Not in my experience.
Honda+Toyota: 6/6.
Subaru: 0/1

Subaru. Love the concept and feature-list. Just wish they’d spent some of the Marketing Dept budget on better engineering. Speaking from 3rd Gen Outback experience.
by Reb Tevye
Fri Jun 21, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: Purpose of Stocks?
Replies: 29
Views: 5974

Re: Purpose of Stocks?

This could be the philosophical underpinnings of a new hedge fund: Carpe Diem Investments.

I think it would attract a following.

“In the end we’re all dead and broke anyways. Let us help.”
by Reb Tevye
Tue Jun 18, 2019 7:23 pm
Forum: Personal Consumer Issues
Topic: The ultimate Boglehead car [Purchase of storm-damaged car]
Replies: 19
Views: 3579

Re: The ultimate Boglehead car

Isn’t this the ultimate Boglehead car?

https://www.craigslist.org/about/best/h ... 26716.html
as practical as a Roth IRA
by Reb Tevye
Tue Jun 18, 2019 5:17 pm
Forum: Personal Consumer Issues
Topic: Life after COBRA - selecting new health insurance
Replies: 37
Views: 3760

Re: Life after COBRA - selecting new health insurance

Don’t take my word on it for your plan, but my understanding of the 60-day limit is that you have until 10/30 to sign up and be covered retroactively.
At least you should ask to know for sure.
by Reb Tevye
Tue Jun 04, 2019 8:38 pm
Forum: Investing - Theory, News & General
Topic: You May Never See Your Grandchildren Again
Replies: 83
Views: 15136

Re: You May Never See Your Grandchildren Again

B. Wellington wrote:
Tue Jun 04, 2019 7:13 am
Then asked him if he has heard of John Bogle, Rick Ferri, Ben Carlson etc. He looked even more confused... :confused :wink:
Most certainly we are are in a small bubble here.
by Reb Tevye
Tue Jun 04, 2019 11:37 am
Forum: Personal Consumer Issues
Topic: Being given charity that I don't need
Replies: 51
Views: 5458

Re: Being given charity that I don't need

Maybe other repeat customers also quietly get a discount.
by Reb Tevye
Mon Jun 03, 2019 3:48 pm
Forum: Investing - Theory, News & General
Topic: Nasdaq is correction territory.
Replies: 4
Views: 837

Re: Nasdaq is correction territory.

I’m generally in favor of things which are incorrect being corrected.
by Reb Tevye
Mon Jun 03, 2019 9:01 am
Forum: Investing - Theory, News & General
Topic: You May Never See Your Grandchildren Again
Replies: 83
Views: 15136

Re: You May Never See Your Grandchildren Again

Nice article. I’m an RF fan. It makes some important points that a savvy Forbes and Bogleheads audience already know. With 10% less snark it would be a fantastic and informative article for the AARP magazine and benefit far far more people. “Investment Advisor Goes Stealth-Mode to Expose Legalized E...
by Reb Tevye
Sun Jun 02, 2019 10:54 am
Forum: Investing - Theory, News & General
Topic: How did you all do in the month of May, 2019
Replies: 126
Views: 11545

Re: How did you all do in the month of May, 2019

Overall, I slept pretty well.
Didn’t get back to my exercise regime though.
Got in a couple fun trips.
Kept the lawn adequately mowed and fertilized.

A solid self-assessed “B” grade. Definitely room for improvement.
by Reb Tevye
Sun Jun 02, 2019 12:09 am
Forum: Investing - Theory, News & General
Topic: are TIPS expensive? or are they cheap?
Replies: 204
Views: 22581

Re: are TIPS expensive? or are they cheap?

To test my understanding of matters... Wouldn’t it also be fair to say that “half the people” think TIPS are expensive and “half the people” think TIPS are cheap? Or else the price/yields would be something other than what they are? (Ignoring folks who think the TIPS porridge is exactly “just right...
by Reb Tevye
Sat Jun 01, 2019 5:27 pm
Forum: Investing - Theory, News & General
Topic: are TIPS expensive? or are they cheap?
Replies: 204
Views: 22581

Re: are TIPS expensive? or are they cheap?

To test my understanding of matters... Wouldn’t it also be fair to say that “half the people” think TIPS are expensive and “half the people” think TIPS are cheap? Or else the price/yields would be something other than what they are? (Ignoring folks who think the TIPS porridge is exactly “just right”...
by Reb Tevye
Fri May 31, 2019 5:47 pm
Forum: Investing - Theory, News & General
Topic: Question regarding the phrase "smart money"
Replies: 23
Views: 1798

Re: Question regarding the phrase "smart money"

I’ve come to think that the term “Smart Money” gets used just for the purpose of making the average bloke feel like he’s the “Dumb Money” and so he must need help from the financial industrial complex.

Interestingly, maybe he is, and maybe he does.
Until he finds bogleheads.org.

Or she.
by Reb Tevye
Thu May 30, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Estate planning - can I require only RMDs for inherited Roth IRA?
Replies: 46
Views: 2457

Re: Estate planning - can I require only RMDs for inherited Roth IRA?

Here’s an opinion: It’s the spouses. It’s not the kids themselves, it’s when the kids marry someone not from Lake Wobegon. That said, non-special-needs trusts for ordinary folks, IMO, as a group, create as many problems as they attempt to solve. And shouldn’t be presumed to on their own create happi...
by Reb Tevye
Mon May 27, 2019 11:24 pm
Forum: Investing - Theory, News & General
Topic: 4% withdrawal failed in 1960s. Is that correct?
Replies: 34
Views: 4285

Re: 4% withdrawal failed in 1960s. Is that correct?

What is illustrated is that the largest single factor in your investing and retirement success is the year you retire, maybe even the year you were born. But by the time you know what you have been handed it is too late to do anything about it. I think this line of reasoning is silly. The largest s...
by Reb Tevye
Sun May 19, 2019 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 495
Views: 58219

Re: Selling Home: Demanding Buyer Part 2 (picture)

Sure looks funny to me.
I don’t know anything about meters.

But this guy seems annoying enough that if I had the time to hopefully find another buyer, I’d start saying “no” just to spite him and see if he and his over-bid money go away.

Just a hunch, he wants your house.
by Reb Tevye
Sun May 19, 2019 7:39 pm
Forum: Personal Investments
Topic: why buy any bonds in your portfolio?
Replies: 24
Views: 3417

Re: why buy any bonds in your portfolio?

Tenesmus83 wrote:
Sun May 19, 2019 11:54 am
Why take the risk and invest my money in bonds so I can potentially get an 2.8% APY.
I eat Total Bond Fund risk for breakfast.
by Reb Tevye
Sun May 19, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: What can a $120K spending budget do in early retirement years?
Replies: 23
Views: 4684

Re: What can a $120K spending budget do in early retirement years?

Maybe a much bigger number for taxes if you are doing Roth conversions. Though arguably you could mentally account for that as “not spending.” Charity? Otherwise, sure, it looks great for a LCOL area. You may ask yourself if your non-retired neighbors, the Jones, live on an income that is more or le...
by Reb Tevye
Sun May 19, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Another Inherited IRA question
Replies: 11
Views: 950

Re: Another Inherited IRA question

From page 11 of 590b "After the first distribu- tion year, reduce your life expectancy by one for each subsequent year." Is that your check the table the first year then subtract by one, then two, etc the following years? Yes. If my brother passed in 2019, it sounds like I don't have to take an RMD...
by Reb Tevye
Sun May 19, 2019 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 16310

Re: FIRE - What am I missing in the News Stories

Ghandi lived austerely with a robe, sandals, a bowl and a spoon.
Smart guy. Good writer. He could have had an awesome blog.

And with the the right brand marketing today could have made a mint.
by Reb Tevye
Sun May 19, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Another Inherited IRA question
Replies: 11
Views: 950

Re: Another Inherited IRA question

And note that for each subsequent year you do NOT go back the table and look up a new divisor. If your first year RMD divisor is n, then your second year divisor is n-1, then n-2... RMD calculators which ask for the decedent’s year of death and your date of birth should all do this correctly, but it...
by Reb Tevye
Sat May 18, 2019 10:47 am
Forum: Personal Investments
Topic: Ready to FIRE (But Vultures Be Circling)
Replies: 80
Views: 11475

Re: Ready to FIRE (But Vultures Be Circling)

Well done. Congratulations. I’m not 40 with $10M, but here are my random thoughts. - Keep it simple, especially to start. - Avoid anything that can’t be readily undone or changed. - Force yourself to think about inflation-adjusted values. Not to try and be more clever than the market, but just be aw...
by Reb Tevye
Sat May 18, 2019 9:11 am
Forum: Investing - Theory, News & General
Topic: How much is the 401K and retirement savings propping up the market?
Replies: 26
Views: 3645

Re: How much is the 401K and retirement savings propping up the market?

I’ve just got this feeling that every 1st and 15th if the month the market kinda rebounds - due to influx of new money into people’s 401Ks. My hunch is that if someone front runs the paychecks, then someone else immediately front runs the front runners, then someone front runs those front runners u...
by Reb Tevye
Thu May 16, 2019 10:47 am
Forum: Investing - Theory, News & General
Topic: Amazon....we all have seen this before :)
Replies: 62
Views: 9631

Re: Amazon....we all have seen this before :)

I just bought some things at walmart.com instead of amazon.com.

So my thought is that you can mark today as the inflection point.
:sharebeer
by Reb Tevye
Wed May 15, 2019 6:19 pm
Forum: Investing - Theory, News & General
Topic: American Funds Propaganda. Help me understand.
Replies: 45
Views: 5890

Re: American Funds Propaganda. Help me understand.

It is important that you know about the SPIVA report on active vs passive management. A careful read is valuable now and again. https://www.spglobal.com/_assets/documents/corporate/us-spiva-report-11-march-2019.pdf Here is my understanding... In any given timeframe, half of all active dollars, befor...
by Reb Tevye
Wed May 15, 2019 3:13 pm
Forum: Investing - Theory, News & General
Topic: 401(K) presentation - are actively managed funds appropriate?
Replies: 19
Views: 1586

Re: 401(K) presentation - are actively managed funds appropriate?

As a fiduciary on my company 401(k) I am uncomfortable with our menu offering active fund choices. I do not think this is in our employees best interest. The Cheetos in the vending machine are also probably not in their best interest. Now, THAT would be a contentious employee committee. I’ve seen y...
by Reb Tevye
Wed May 15, 2019 12:14 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 102
Views: 13710

Re: If you are already wealthy, what keeps you motivated?

I find myself motivated toward different things at different times.
Why those things at those times? Tradition.
by Reb Tevye
Wed May 15, 2019 1:09 am
Forum: Personal Investments
Topic: Inheritance at 62 yrs old
Replies: 12
Views: 2632

Re: Inheritance at 62 yrs old

Astrid2, Please take your time digesting all this. There is no need to do anything more than in the short term than invest it safely in a bank and earn some interest while you decide. Even if it takes some months. It can be helpful if you indicate more of your investment experience, as in what have ...
by Reb Tevye
Sun May 12, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Pension-Annuity or Lump dilemma
Replies: 12
Views: 1097

Re: Retirement Pension-Annuity or Lump dilemma

Also, find out if you can or can’t defer the start of your pension.
In my case, it can be deferred until age 65.
The lump sum value increases about 4.5% per year deferred.
The 100% survivor option increases about 5.8% per year deferred.
by Reb Tevye
Fri May 10, 2019 6:38 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein first guest on new weekly Morningstar Podcast
Replies: 28
Views: 4696

Re: William Bernstein first guest on new weekly Morningstar Podcast

I thoroughly enjoyed the podcast.

Skunk in the suburbs!

I have enjoyed your many books I’ve read. Very influential to my thinking and behavior.
And with each one more distilled and more accessible, they are my top recommendations.

And love your wit and the many bon mots.
by Reb Tevye
Fri May 10, 2019 6:22 pm
Forum: Investing - Theory, News & General
Topic: 17 of our 18 equity-focused American Funds have delivered index-beating lifetime results.
Replies: 34
Views: 3289

Re: 17 of our 18 equity-focused American Funds have delivered index-beating lifetime results.

After tax yield is another consideration if it will be held in a taxable account. They compare ICA (AIVSX) to the SP500. One Vanguard SP500 fund is VIIIX From Morningstar, Pretax AIVSX 10yr: 13.3%, 15yr: 8.2% VIIIX 10yr: 15.3, 15yr: 9.0% US Total Mkt: 10yr: 15.4%, 15yr: 9.3% Tax-Adjusted AIVSX 10yr:...
by Reb Tevye
Tue Aug 07, 2018 9:29 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 24453

Re: "Don't Obsess About Expense Ratios"

Bait and switch?
Marketing ploy?

I dunno. Here is a customer-focused bank that used a similar strategy.

https://view.yahoo.com/show/saturday-ni ... nge-bank-2
by Reb Tevye
Thu Jul 19, 2018 2:26 pm
Forum: Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 10164

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

A single stock is a fast way to get rich, or a fast way to get poor. And a certain way to not earn the market return. Do these appeal to you? If not, sell the stock tax efficiently and move on. If you do have a preference to keep the stock, you need to figure out for yourself why exactly. And then y...
by Reb Tevye
Fri Jul 06, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Morningstar: prepare for a lost decade for U.S. stocks
Replies: 198
Views: 20821

Re: Morningstar: prepare for a lost decade for U.S. stocks

Is the decade lost in its first year or in its final year? Or a little bit each year?

Because that’ll make a big difference to me in how I prepare.
by Reb Tevye
Tue Jul 03, 2018 6:33 am
Forum: Personal Investments
Topic: Why not go 100% stocks?
Replies: 140
Views: 19912

Re: Why not go 100% stocks?

I'm relatively young, 35, and plan to work for the next two decades. I'm in a dual physician household and enjoy working and being productive. I don't really enjoy site-seeing and traveling as much. My household income is approximately 900K with approximately 120K of annual expenses. My question is...
by Reb Tevye
Tue Jul 03, 2018 6:26 am
Forum: Personal Investments
Topic: Why not go 100% stocks?
Replies: 140
Views: 19912

Re: Why not go 100% stocks?

However the main disadvantage I see with going 100% stocks is an inability of taking advantage of a market downturn to buy stocks. In 2008 the Dow fell from ~16000 to ~6000. If I don't have any money in bonds I wouldn't be able to buy stocks at such a low cost other than with income generated. I be...
by Reb Tevye
Fri Jun 29, 2018 8:48 pm
Forum: Investing - Theory, News & General
Topic: Why is warren buffet okay with no owning any bonds?
Replies: 48
Views: 5357

Re: Why is warren buffet okay with no owning any bonds?

I think it’s because he hasn’t done enough backtesting with FIRECalc.
:sharebeer
by Reb Tevye
Fri Jun 29, 2018 8:03 pm
Forum: Investing - Theory, News & General
Topic: Yes, It’ll Happen - Jonathan Clements
Replies: 33
Views: 7718

Re: Yes, It’ll Happen - Jonathan Clements

And many Bogleheads remember when they were not Bogleheads. :beer
by Reb Tevye
Fri Jun 29, 2018 12:30 am
Forum: Investing - Theory, News & General
Topic: Bernstein watchers - where do you go to see his current writing or current allocation preferences ?
Replies: 35
Views: 5414

Re: Bernstein watchers - where do you go to see his current writing or current allocation preferences ?

Masters of the Word was a flop, and if I suggested an update to my publisher it would be hard to get them to stop laughing. But you're right, I was wrong about a few things, a lot more things have evolved, and theoretically it would be nice to update it. .... Bill To be sure, when I wrote ‘painful,...
by Reb Tevye
Thu Jun 28, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: "How to invest without regret" - Daniel Kahneman
Replies: 20
Views: 3210

Re: "How to invest without regret" - Daniel Kahneman

livesoft wrote:
Thu Jun 28, 2018 10:09 am
I smell buckets. Buckets of ....
That’s funny.
by Reb Tevye
Thu Jun 28, 2018 10:17 am
Forum: Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 13885

Re: Stocks vs. rental property

I was an semi-accidental landlord once, Hated it. Lying tenants, deficating pets, lawyers. I decided never again. I decided to put my life energy elsewhere, and left real estate profits to someone else to earn. I owned an individual stock that zeroed out once. I owned an individual stock that increa...
by Reb Tevye
Thu Jun 28, 2018 9:22 am
Forum: Investing - Theory, News & General
Topic: Bernstein watchers - where do you go to see his current writing or current allocation preferences ?
Replies: 35
Views: 5414

Re: Bernstein watchers - where do you go to see his current writing or current allocation preferences ?

Dr Bernstein,

How about a couple new timely chapters of Masters of the Word?

I would consider it painful but insightfully necessary reading, if you wrote it.

That book is a profoundly relevant gem.
by Reb Tevye
Thu Jun 28, 2018 9:10 am
Forum: Investing - Theory, News & General
Topic: "How to invest without regret" - Daniel Kahneman
Replies: 20
Views: 3210

Re: "How to invest without regret" - Daniel Kahneman

Two portfolios, one risky, one safe.

That sounds like my one portfolio... with stocks and bonds. :happy