Search found 180 matches

by Castanea_d.
Wed Sep 12, 2018 10:10 pm
Forum: Investing - Theory, News & General
Topic: "Jack Bogle: Investors should 'always be in' the stock market"
Replies: 8
Views: 2726

Re: "Jack Bogle: Investors should 'always be in' the stock market"

Good advice from Mr. Bogle, as always. Never all the way out of the market, or all the way in.
by Castanea_d.
Fri Sep 07, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: The Fall of Consumer Reports
Replies: 89
Views: 15021

Re: The Fall of Consumer Reports

I continue to read and mostly enjoy the print version of CR. For context, I am definitely in the "old as dirt" category (as someone here described it). Having said that, I am not interested in most of the things they review. It seems like every second or third issue talks about flat-screen TVs. We d...
by Castanea_d.
Fri Sep 07, 2018 12:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Precious Metals and Mining Fund is changing
Replies: 80
Views: 10326

Re: Vanguard Precious Metals and Mining Fund is changing

A little off-topic from the very interesting discussion of how to replace VGPMX in the back-testing spreadsheet... After my initial anger at Vanguard for making these changes, I took several deep breaths (a couple weeks of them). Instead of closing my position in the fund, I reduced it by about a th...
by Castanea_d.
Fri Sep 07, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 306
Views: 40325

Re: Low-earners- What is your profession?

I am enjoying reading through this thread, hearing about so many wonderful people. I'm a church organist/choirmaster; around $50K, plus excellent medical insurance (it was not so until a few years ago when the denomination's national governing body voted to give lay employees the same benefits they ...
by Castanea_d.
Wed Aug 15, 2018 4:01 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7364
Views: 1546333

Re: U.S. stocks in freefall

It always makes me happy to see this thread pop up. It is an all-time Bogleheads Classic.
by Castanea_d.
Wed Aug 15, 2018 3:57 pm
Forum: Investing - Theory, News & General
Topic: Take your canes out in Emerging Markets
Replies: 35
Views: 6289

Re: Take your canes out in Emerging Markets

I hobbled to my computer, cane in hand, and rebalanced into VEMAX on Monday, just in time for EMs to drop some more. Gotta love 'em. :happy
by Castanea_d.
Tue Aug 14, 2018 2:49 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2019!
Replies: 99
Views: 12631

Re: Roll Call for the Retirement Class of 2019!

Cogitan, good wishes! Just a few more months. Miriam2, thank you for the kind words - and not just to me, but the encouragement you have spread far and wide throughout this part of the Bogleheads. Retirement is a little scary (maybe a whole lot scary) and definitely a big change, and your encouragem...
by Castanea_d.
Fri Aug 10, 2018 1:55 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2019!
Replies: 99
Views: 12631

Re: Roll Call for the Retirement Class of 2019!

What an interesting feeling to see “Retirement Class of 2019” and think “Uh, that’s me.” Most likely date: July 31, 2019 Backup date: Dec. 31, 2019 Age: mid-sixties I’ve had a good career as a church organist/choirmaster, starting my nineteenth choir season at my current parish. I’ve been counting t...
by Castanea_d.
Wed Aug 01, 2018 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with VGPMX (Vanguard Precious Metals and Mining)?
Replies: 131
Views: 23550

Re: What to do with VGPMX (Vanguard Precious Metals and Mining)?

Vanguard is making significant changes to VGPMX: https://investor.vanguard.com/mutual-funds/precious-metals-changes?cmpgn=EM:RIG:ED:Stargaze:JulEmail:Email:0718:0101:FNA:MUF:0323 They are changing the name to reflect this, to "Vanguard Global Capital Cycles Fund." - considerably reduced exposure to ...
by Castanea_d.
Sun Jun 17, 2018 10:23 pm
Forum: Personal Consumer Issues
Topic: Anyone live in (or familiar with) John Knox Village in Kansas City?
Replies: 2
Views: 658

Re: Anyone live in (or familiar with) John Knox Village in Kansas City?

My in-laws have lived there for all of their retirement; they love it. When they were in their sixties and seventies they were quite active in activities (trips, etc.) and made a lot of friends; now that they are in their 80's/early 90's they don't do nearly so much, but they still love it and the f...
by Castanea_d.
Sat May 19, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: central extractor fan instead of A/C?
Replies: 15
Views: 1454

Re: central extractor fan instead of A/C?

A church in East Tennessee where I worked in the 80's and 90's had a system of this sort instead of air conditioning: draw in cooler outside air on Saturday nights, and the large room was quite comfortable on Sunday mornings even in midsummer. It used the ductwork of the heating system. Down in the ...
by Castanea_d.
Wed Mar 14, 2018 12:16 pm
Forum: Investing - Theory, News & General
Topic: CAPE in the Context of Real Rates & Inflation, 1880-2018
Replies: 37
Views: 4540

Re: CAPE in the Context of Real Rates & Inflation, 1880-2018

Very interesting analysis and discussion; thank you for raising this issue.
by Castanea_d.
Sat Jan 27, 2018 2:51 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat the urge to spend?
Replies: 68
Views: 4690

Re: Strategies to combat the urge to spend?

Great discussion! I second the recommendation of “Your Money or Your Life” that a couple of people have mentioned. For big-ticket items, the ideas from the book have helped me put them in perspective. How many hours of life energy am I committing to this purchase? In a sense, I am making myself an i...
by Castanea_d.
Fri Dec 29, 2017 12:15 pm
Forum: Personal Consumer Issues
Topic: Long-term cost of ownership: 1996 Honda Civic
Replies: 16
Views: 1643

Long-term cost of ownership: 1996 Honda Civic

Two weeks ago, the time came to part with our beloved little Civic hatchback, purchased as a new vehicle in spring 1996. Twenty-one years I have driven it, roughly a third of my life. We donated it to the local Public Radio, and in a few days got an e-mail saying they sold it at auction for “under $...
by Castanea_d.
Sat Nov 11, 2017 12:06 pm
Forum: Investing - Theory, News & General
Topic: Value Averaging with Bonds: an example
Replies: 2
Views: 530

Value Averaging with Bonds: an example

Since reading Michael Edelson’s book “Value Averaging” a few years ago, I have applied the VA method to parts of my portfolio. Here is the excellent Bogleheads Wiki page about the method: https://www.bogleheads.org/wiki/Value_averaging There are also a few threads in the forum about it. Mostly, one ...
by Castanea_d.
Fri Oct 20, 2017 11:35 am
Forum: Personal Consumer Issues
Topic: Protein Bars and Smoothies
Replies: 82
Views: 8143

Re: Protein Bars and Smoothies

I keep some of the "Elevation" bars from Aldi's around (they are a knock-off of Clif bars). Eleven grams of protein, five grams of fiber, and too much sugar. But they are convenient and fairly cheap; I eat one every week as a quick snack between Sunday church services - I have a five minute window b...
by Castanea_d.
Fri Oct 20, 2017 11:23 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Global Wellesley Income and Global Wellington Funds in registration [now available]
Replies: 129
Views: 35856

Re: Vanguard's Global Wellesley Income and Global Wellington Funds in registration [now available]

If one invests now, during the subscription period, what happens when the fund goes "active" in a few weeks? My presumption is that there wouldn't be any significant "bumps" at the beginning unrelated to changes in the underlying securities that they purchase. I would hope that it is not like an equ...
by Castanea_d.
Fri Oct 20, 2017 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation with Farm Land
Replies: 20
Views: 2126

Re: Asset Allocation with Farm Land

We have half of the "old home place" back in the southern Appalachians: 150-plus acres with about 20 acres of it under cultivation/pasturage and the rest in forest. No habitable structures. It produces no income (I "rent" it to the neighbor, a long time family friend and farmer, who keeps up the fen...
by Castanea_d.
Fri Aug 18, 2017 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 45
Views: 10705

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

Minor detail that you probably already have in place: has your husband designated you as beneficiary for his 401(k)? Ditto if he rolls it over to an IRA. As some others have said, it would be well to have this sort of thing looked at by an estate/tax lawyer to get everything set up in the best manne...
by Castanea_d.
Fri Aug 18, 2017 4:53 pm
Forum: Personal Consumer Issues
Topic: Organ (Music) Question
Replies: 6
Views: 763

Re: Organ (Music) Question

Sad to say, most of the old electronic organs have little value even when they are in good working condition and are more of a burden than anything else, for they are hard to move/get rid of and the home-organ market has been declining sharply for years so there are lots of used instruments availabl...
by Castanea_d.
Fri Aug 18, 2017 4:36 pm
Forum: Personal Consumer Issues
Topic: Advice on buying a musical instrument
Replies: 24
Views: 2262

Re: Advice on buying a musical instrument

... I don't play the violin but I do play other instruments. When/if you do buy another violin it wouldn't be a bad idea to keep this one if you can afford it. It will be nice to have around to play while your "good" one is in the shop, to take it to local events where you might not want to take yo...
by Castanea_d.
Fri Aug 18, 2017 4:23 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard fund shareholders encouraged to vote as proxy campaign gets under way."
Replies: 89
Views: 27553

Re: "Vanguard fund shareholders encouraged to vote as proxy campaign gets under way."

I voted yes on Proposition 7 for the couple of actively-managed funds that I hold, and no for the index funds. As others have noted, if you start omitting companies from an index fund for such reasons, the fund no longer is tracking the index. There is almost zero chance of Prop 7 passing, and that ...
by Castanea_d.
Sat Jul 15, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: The CAPEable Portfolio!
Replies: 30
Views: 3218

Re: The CAPEable Portfolio!

Just commenting that I follow a CAPE-based tactical allocation somewhat along these lines, something I adopted after reading “The Intelligent Investor.” My version: Target equity allocation = 50 - ((CAPE-18)*2) With the current CAPE pretty much at 30, that gives 50 - (30-18)*2 = 50-24 = 26% If CAPE ...
by Castanea_d.
Tue May 09, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Sale of investment advisor (Scout Investments) - should we worry?
Replies: 3
Views: 625

Re: Sale of investment advisor (Scout Investments) - should we worry?

EHEngineer and Mel, thank you both for your replies. After discussion with my wife over the weekend, we are making the move to Vanguard.
by Castanea_d.
Fri May 05, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Sale of investment advisor (Scout Investments) - should we worry?
Replies: 3
Views: 625

Sale of investment advisor (Scout Investments) - should we worry?

My wife and I have had holdings in the Scout International Fund (UMBWX) http://scoutinv.com/individual_investors/mutual_funds/individual/f_3/sc_i_class/international_fund/overview.fs for about twenty years. It has done well for us, with an XIRR (internal rate of return) of about 8%, and roughly doub...
by Castanea_d.
Fri Apr 21, 2017 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Is this the right Fund for Metals?
Replies: 7
Views: 1324

Re: Is this the right Fund for Metals?

For part of your question: thinking strictly Vanguard funds/ETFs, the VGPMX is pretty much all there is for precious metals. As other have indicated, it is mostly the stocks of mining companies, not gold/silver directly. The mining shares often (not always) move in the same direction as gold/silver ...
by Castanea_d.
Fri Apr 21, 2017 11:53 am
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 15066

Re: You can never go "home" - retirement

This thread has been thought-provoking for me. My wife and I are still a few years from retirement, and have been talking about various forms of going "home." - We don't want to stay where we are, for a variety of reasons. - We own half of what was my grandfather's farm in the Appalachians. Stunning...
by Castanea_d.
Fri Apr 21, 2017 11:32 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 50597

Re: Larry Swedroe says "Goodby."

Larry, all good wishes. As hundreds of others have said here, I have learned much from you, and I am grateful for the time and energy you have put into BH when there is no direct benefit from it. I hope that you can carry with you the knowledge that you have helped hundreds, probably thousands of pe...
by Castanea_d.
Sun Mar 26, 2017 11:09 pm
Forum: Investing - Theory, News & General
Topic: Negative price/earnings ratio
Replies: 3
Views: 716

Re: Negative price/earnings ratio

Alex and Valuethinker, thank you! You've both helped me understand these things better. :beer
by Castanea_d.
Sat Mar 25, 2017 1:43 pm
Forum: Investing - Theory, News & General
Topic: Negative price/earnings ratio
Replies: 3
Views: 716

Negative price/earnings ratio

The annual report for the Vanguard Precious Metals and Mining fund (VGPMX) is out: https://personal.vanguard.com/funds/reports/q530.pdf?2210125505 The fund profile (page 12) lists a price/earnings ratio of -42.4x What does that mean? I presume it means the VGPMX holdings in the aggregate posted loss...
by Castanea_d.
Wed Sep 21, 2016 10:53 am
Forum: Investing - Help with Personal Investments
Topic: What to do with VGPMX (Vanguard Precious Metals and Mining)?
Replies: 131
Views: 23550

Re: What to do with VGPMX (Vanguard Precious Metals and Mining)?

Ben Carlson recently posted some thoughts on natural resource equities: http://awealthofcommonsense.com/2016/09/an-allocation-only-a-mother-could-love/ He runs some backtests, using VGPMX as a proxy for the sector. Highly imperfect, as he admits, but it was the longest-running fund more or less in t...
by Castanea_d.
Wed Jul 06, 2016 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with VGPMX (Vanguard Precious Metals and Mining)?
Replies: 131
Views: 23550

Re: What to do with VGPMX (Vanguard Precious Metals and Mining)?

VGPMX at $12.11, up 41 cents today. Up 90% year to date (from $6.36), and more than that from its low in mid-January. Today's close is, the best I can tell, a three-year high (based on weekly closes), going back to May 2013. But it could double again and not be quite back to its 2011 levels. I have ...
by Castanea_d.
Fri May 27, 2016 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth the additional Expense to try to replicate Total International?
Replies: 20
Views: 1972

Re: Is it worth the additional Expense to try to replicate Total International?

My two cents: you're fine either way. I would probably continue with what you have described and it sounds like a pretty good equivalent to total market funds. As Aptenodytes says above, you might consider adjusting your percentages if you want a more exact match to the total market weights. The exp...
by Castanea_d.
Fri May 27, 2016 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: New to investment
Replies: 5
Views: 706

Re: New to investment

Welcome to Bogleheads! I think that you will find this a good place to get started as an investor and ask questions. My advice for a first step: do a little bit of reading in the Bogleheads Wiki, especially this: https://www.bogleheads.org/wiki/Getting_started The links on that page are all good. He...
by Castanea_d.
Wed May 25, 2016 10:44 am
Forum: Investing - Theory, News & General
Topic: Vanguard Equity Income (VEIPX)
Replies: 55
Views: 15199

Re: Vanguard Equity Income (VEIPX)

I went back and checked: since 2003 when they started separating short-term and long-term capital gains, our Vg Equity Income holding has returned $1543.27 of ST gains, as compared to a total of $21,285.71 in distributions (ST and LT cap gain plus dividends). There have been a handful of years where...
by Castanea_d.
Fri May 20, 2016 1:43 pm
Forum: Investing - Theory, News & General
Topic: Beginner Questions
Replies: 5
Views: 958

Re: Beginner Questions

I second the advice of others here: if possible, buy Vanguard funds in a Vanguard account. If you are for some reason stuck with Fidelity (e.g., a retirement account), look for equivalent Fidelity Spartan index funds. They are low-cost, and just as good as the Vanguard funds for their purpose. In my...
by Castanea_d.
Fri May 20, 2016 1:05 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel: "I think [commodities] should be in every portfolio."
Replies: 35
Views: 4405

Re: Burton Malkiel: "I think [commodities] should be in every portfolio."

.... Since I own total market index funds, I already have access to energy and materials. However, they are a small percentage of the index. Does it make sense to overweight them as Malkiel is suggesting? Is this a dangerous move? It would be a shame for this slice of a portfolio to underperform th...
by Castanea_d.
Wed May 11, 2016 10:27 am
Forum: Investing - Help with Personal Investments
Topic: PRIMECAP -- Am I being sentimental?
Replies: 5
Views: 1240

Re: PRIMECAP -- Am I being sentimental?

Me too. They are good funds. I am glad to hear that Vg is going to let you transfer the Primecap.
by Castanea_d.
Wed May 11, 2016 10:25 am
Forum: Personal Consumer Issues
Topic: 30 minute commute?
Replies: 80
Views: 14568

Re: 30 minute commute?

... The one thing I REALLY miss about working closer to home is the chance to go home at 4 or so, then head back to school after dinner to drop in on a couple of innings or quarters of a softball or basketball game some students are in. Now if I want to attend just 30 minutes of a game to see a fav...
by Castanea_d.
Fri May 06, 2016 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Retired/Low Income - Fund Recommendations
Replies: 5
Views: 972

Re: Retired/Low Income - Fund Recommendations

If you and she are all right with an actively managed fund, Vanguard's Wellesley is a good possibility (VWINX for regular shares, VWIAX for Admiral shares with $50K minimum investment). Wellesley aims for about one-third equities, two-thirds bonds and the expense ratio is low (0.16% for the Admiral ...
by Castanea_d.
Wed May 04, 2016 10:23 am
Forum: Investing - Help with Personal Investments
Topic: rebalancing at a loss out of CEF (gold/silver)
Replies: 2
Views: 473

Re: rebalancing at a loss out of CEF (gold/silver)

Tim, thanks very much. You cut right to the gist of the matter - yes, I do have an IPS. It says "rebalance when CEF or VGPMX are more than 20% over their target allocations." So that is what I should do. It is as simple as that. It is so easy to rationalize one's way into an action with the argument...
by Castanea_d.
Tue May 03, 2016 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: rebalancing at a loss out of CEF (gold/silver)
Replies: 2
Views: 473

rebalancing at a loss out of CEF (gold/silver)

I started a position in the precious metals at the Wrong Time (spring 2011). Through the following years, I gradually added to it, repeatedly bringing it back to my allocation of 10% of assets. It was at times a painful journey. But for now, things have turned around. I have already rebalanced VGPMX...
by Castanea_d.
Wed Apr 27, 2016 9:44 am
Forum: Investing - Theory, News & General
Topic: Dodge & Cox
Replies: 10
Views: 2510

Re: Dodge & Cox

My largest holding is in DODIX (Dodge and Cox Income), which is almost all of my bond allocation. If one is going to have an actively managed bond fund instead of a bond index fund, this is a good choice; fairly low expenses, low turnover, mostly just doing occasional slight adjustments to duration....
by Castanea_d.
Tue Apr 19, 2016 2:19 pm
Forum: Investing - Theory, News & General
Topic: If more and more people have similar portfolios as you, does it help, hurt, or have no change in making more money?
Replies: 4
Views: 625

Re: If more and more people have similar portfolios as you, does it help, hurt, or have no change in making more money?

Barry Ritholtz posted an article the other day that touches on this: http://www.bloombergview.com/articles/2016-04-18/if-you-re-a-contrarian-you-re-like-everyone-else Remember, most of the time, the contrarian investor is wrong . The vast majority of the time, the market is the crowd. Hence, making ...
by Castanea_d.
Tue Apr 19, 2016 2:12 pm
Forum: Investing - Theory, News & General
Topic: I hold only US Bonds. Is this risky?
Replies: 22
Views: 2288

Re: I hold only US Bonds. Is this risky?

I am all for international diversity with equities. But not bonds; for a U.S. investor, all-domestic is fine. Cheaper, simpler, no worries about exchange rate hedging.
by Castanea_d.
Fri Apr 15, 2016 11:06 am
Forum: Personal Finance (Not Investing)
Topic: When was the most stressful financial time in your life?
Replies: 94
Views: 14257

Re: When was the most stressful financial time in your life?

For me, definitely the 2008 financial crisis.... I've since built back from that experience, live in a modest paid off house with my family, and have over a million dollars in financial assets allocated conservatively. Despite earning a high income, I treat the future as very uncertain, and live on...
by Castanea_d.
Fri Apr 15, 2016 10:43 am
Forum: Investing - Theory, News & General
Topic: Where to park $$$ while DCA/VCA
Replies: 31
Views: 1546

Re: Where to park $$$ while DCA/VCA

Livesoft's suggestion of the Vg short term bond fund is good. Having said that, I use the Vg Prime money market fund (VMMXX), and the lack of return doesn't bother me, though my "side fund" is somewhat smaller than what you are talking about. As for your overall idea, I think it is excellent, and I ...
by Castanea_d.
Wed Apr 13, 2016 9:57 am
Forum: Personal Consumer Issues
Topic: e-Books/e-Magazines
Replies: 16
Views: 1457

Re: e-Books/e-Magazines

I do a lot of reading from Project Gutenberg, which is free. http://www.gutenberg.org Everything is old enough to be public domain. But there are lots of very interesting nonfiction books, as well as classic fiction. They have both the Kindle format and the EPUB format. Like others have said, I have...
by Castanea_d.
Wed Apr 13, 2016 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity 401k contributions not subject to short-term trading fees?
Replies: 1
Views: 607

Re: Fidelity 401k contributions not subject to short-term trading fees?

Perhaps not directly applicable, but I have a Fidelity 403(b). It is structured a little differently from what I gather your 401(k) is - they don't assess a fee for excessive trading, but instead they freeze the account for 85 days up to twelve months (I incurred the 85 day freeze once, and have bee...
by Castanea_d.
Sat Apr 02, 2016 1:31 pm
Forum: Investing - Theory, News & General
Topic: Is VGPMX (Metals and Mining) diversified enough?
Replies: 1
Views: 464

Re: Is VGPMX diversified enough?

Well, it depends on how strictly you want to capture the precious metals/mining sector. VGPMX is actively managed, and part of what they have done at times is to increase or decrease their holdings in gold and silver miners according to their view of market conditions; recently they have considerabl...