Search found 1316 matches

by unclemick
Mon Sep 17, 2012 4:27 pm
Forum: Investing - Theory, News & General
Topic: Will Your (TSM) Equity Bet Pay Off?
Replies: 222
Views: 12778

Re: Will Your (TSM) Equity Bet Pay Off?

Moving on up! I've started 'betting' on VT, Vanguard Total World Stock Index. I realize it's a sector bet Solar System wise but I haven't seen any good Moon and Mars data yet. My impression is that it is Bogle wise to increase the size of the haystack if it can be done at low cost and stay the cours...
by unclemick
Tue Sep 04, 2012 6:51 pm
Forum: Investing - Theory, News & General
Topic: "S&P 500 vs. Total Stock Market: Which Is Right for You?"
Replies: 20
Views: 3519

Re: "S&P 500 vs. Total Stock Market: Which Is Right for You?

I don't know. Early on - 70's, 80's 90's I owned the 500 via 401k. In retirement went Lifestrategy, then in 2006 Target Retirement which owns Total Stock Market. Now mad money is going toward VT (total world stock index) albiet an ET vehicle. Does that make me more Boglely as I grow older and more c...
by unclemick
Sat Sep 01, 2012 3:35 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle: "99.2% [of stock investing] is speculative"
Replies: 43
Views: 5659

Re: Jack Bogle: "99.2% [of stock investing] is speculative"

I vote with Mr. B. Others are entitled to their wrong opinion.

:)

heh heh heh - not that I'm hard headed or opinionated or anything. :wink:
by unclemick
Wed Aug 15, 2012 6:36 pm
Forum: Personal Consumer Issues
Topic: Is your social circle financially smart or is it just you?
Replies: 21
Views: 2067

Re: Is your social circle financially smart or is it just yo

Sam I Am wrote:In my social circle we don't discuss our finances, our politics, or our religion(s), or lack of any of the three items mentioned.

Sam I Am


Ditto.

heh heh heh - 8-)
by unclemick
Tue Aug 14, 2012 7:00 pm
Forum: Investing - Theory, News & General
Topic: Cramer At It Again
Replies: 37
Views: 4516

Re: Cramer At It Again

Jim Cramer on stock picking: I can't tell you how many times I have bought the stocks of good companies that subsequently went bad. (Real Money, 2005, p.165) Cramer on indexing: "I am a rank conservative when it comes to retirement: I want the money as diversified as possible into high quality...
by unclemick
Wed Aug 08, 2012 11:58 am
Forum: Investing - Theory, News & General
Topic: Your Best One Line of Wisdom
Replies: 238
Views: 19348

Re: Your Best One Line of Wisdom

Buy the haystack at the lowest possible cost cause the needles are in there.

heh heh heh - Mr B's CMH hypothesis. :happy
by unclemick
Sun Aug 05, 2012 5:05 pm
Forum: Investing - Theory, News & General
Topic: where to learn
Replies: 22
Views: 2378

Re: where to learn

Hmmm - tongue in cheek wise - I suggest you buy a balanced fund or lifecycle appropriate for your age. Vanguard of course. Then observe how it operates. For the questions that arise - ? this forum may point you to specific answers. Attention is better focused when you have skin in the game. heh heh ...
by unclemick
Thu Jul 26, 2012 6:27 pm
Forum: Investing - Theory, News & General
Topic: WSJ: "Advisers Pile on the Perks"
Replies: 18
Views: 3553

Re: WSJ: "Advisers Pile on the Perks"

So perhaps we're missing out perk wise. If I visited Vanguard mentioning my Boglehead status would they let me peak into the room where the computers are rebalancing my Target Retirement or some other perk? Can Vanguard allow a perk gap? heh heh heh - Or should I go back to all manual and skip the p...
by unclemick
Wed Jul 11, 2012 1:59 pm
Forum: Investing - Theory, News & General
Topic: Question for the Retired
Replies: 49
Views: 6007

Re: Question for the Retired

I'm not retired yet myself, but was wondering how the retired have managed over the last 10 or so years when the market essentially gained nothing in the first decade of this century. I don't see how anyone who retired in 2000 with what they thought was enough money to live off going forward would ...
by unclemick
Fri Jun 29, 2012 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Inflation and why it has not much mattered to me........
Replies: 29
Views: 4505

Re: Inflation and why it has not much mattered to me........

:D

Mr Market doesn't listen to me.

But I can sure vary what I spend at the market(aka expenses).

heh heh heh - retired 1993. 8-)
by unclemick
Mon Jun 25, 2012 4:34 pm
Forum: Investing - Theory, News & General
Topic: Chief Investment Officer of Vanguard, Gus Sauter, to retire
Replies: 42
Views: 6301

Re: Chief Investment Officer of Vanguard, Gus Sauter, to ret

shashi wrote:A big loss to the indexing world.


Perhaps not. He may find ways to er ah 'retire' ala Jack Bogle.

More to come?

heh heh heh - let's hope so! 8-)
by unclemick
Sat May 26, 2012 10:58 am
Forum: Investing - Theory, News & General
Topic: The Death of Equities--Deja Vu All Over Again
Replies: 23
Views: 2573

Re: The Death of Equities--Deja Vu All Over Again

Unclemick thinks football pre season is not tooo many months away. Better for me than watching Mr Market. Heh heh heh - meanwhile back at the ranch those Vanguard computers keep rebalancing my Target Retirement and slooowly adjust asset mix as I age. BORING! Come on football. Stay the course can get...
by unclemick
Tue May 08, 2012 10:31 am
Forum: Investing - Theory, News & General
Topic: Strategies for preserving wealth when PE ratios move towards
Replies: 6
Views: 520

Re: Strategies for preserving wealth when PE ratios move tow

Use the fixed aka bond side of your portfolio to fund periodic purchases of stock as they become cheaper aka more of a bargin. I think it's called portfolio rebalancing or something like that. heh heh heh - me? Hands off and let those trusty Vanguard computers humm along adjusting my Target Retireme...
by unclemick
Fri Apr 06, 2012 12:44 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth in AARP Mag - BEWARE!
Replies: 8
Views: 2352

Re: Allan Roth in AARP Mag - BEWARE!

Dean Witter 1966.

:oops:

heh heh heh - I was a tad younger then. :happy
by unclemick
Tue Mar 27, 2012 6:15 pm
Forum: Investing - Theory, News & General
Topic: How many Bogleheads have newly bought gold in 2yrs?
Replies: 26
Views: 2130

Re: How many Bogleheads have newly bought gold in 2yrs?

:oops: 1970. A few gold coins. Waaaay overpriced - ? 250/ounce equivalent.

Still in my safety deposit box - they are purty!

heh heh heh - I don't usually admit to such things in polite conversation. But at least it was pre Bogle's Folly. :annoyed
by unclemick
Tue Mar 27, 2012 12:09 pm
Forum: Investing - Theory, News & General
Topic: How Friends Help Friends Become Indexers
Replies: 22
Views: 2480

Re: How Friends Help Friends Become Indexers

I think it is a Bogle analogy but when asked 'After several decades of trying to buy the needle in the haystack, I just buy the haystack at the lowest possible cost knowing the needles are in there.' Minimal success at convincing anybody - notably my Sis/BIL. However, 1994. my oldest nephew embarki...
by unclemick
Fri Mar 09, 2012 4:49 pm
Forum: Investing - Theory, News & General
Topic: DFA vs Vanguard Portfolios - Big Difference Over Last 10 yrs
Replies: 85
Views: 13985

Re:

I'll repost this: In the end, what drives 97% of equity portfolio performance is the amount of tilt your portfolio has to the market, to value stocks and to small cap stocks. The other 3% is the actual funds you invest in, and the cost to invest in those funds (not to mention the cost of an investm...
by unclemick
Mon Mar 05, 2012 4:04 pm
Forum: Investing - Theory, News & General
Topic: My “Aha!” Moment in Investing
Replies: 94
Views: 10138

Re: My “Aha!” Moment in Investing

Hmmm - Great article Rick. The light came on 1977ish and burned in the wilderness of my 401k for years while I occassionally wondered ? why can't my well researched/brilliant(not) stock/mutual picking beat that silly index fund(aka Bogle's Folly) in my 401k. Less an aha but more tossing in the towel...
by unclemick
Fri Feb 10, 2012 7:34 pm
Forum: Investing - Theory, News & General
Topic: Why is it so darn hard to be a "Couch Potato" investor?
Replies: 45
Views: 4816

Re: Why is it so darn hard to be a "Couch Potato" investor?

The race begins the first day we earn a buck and ends the day we die. There are always just two runners in the race, you and Mr. Market. If you finish the race with a few bucks in your pocket you’re a winner. It’s just that simple. Some of us are athletic investors and workout with our investment p...
by unclemick
Mon Dec 19, 2011 7:18 pm
Forum: Investing - Theory, News & General
Topic: Gold is old hat, Guns and Ammo are the new investment
Replies: 61
Views: 6141

Re: Gold is old hat, Guns and Ammo are the new investment

This thread has totally totally missed that added component we had in the 1960's - 7 years worth of freeze dryed food - to round out the stocks of guns and ammo. A Lee loader to load yer own was considered work even back then. MRE's and the new fangled stuff may taste better but lacks cache. Plus I ...
by unclemick
Mon Dec 19, 2011 6:55 pm
Forum: Investing - Theory, News & General
Topic: Year-end Thanks for Index Funds and John Bogle
Replies: 7
Views: 1605

Re: Year-end Thanks for Index Funds and John Bogle

A return of investment precedes a return on investment, and I am thankful to my index fund portfolio for providing both. A simple buy-and-hold index fund strategy has achieved a very respectable return over the past 12 years despite a tough stock market. But perhaps more important, this strategy pr...
by unclemick
Wed Dec 07, 2011 2:59 pm
Forum: Investing - Theory, News & General
Topic: Live Dangerously ?
Replies: 27
Views: 2195

Re: Live Dangerously ?

Hmmm. 1. I take 1 yrs extra money out in Feb from my Target Retirement fund(IRA) and put in Prime MM. 2. Retired. Over 65. In hard times could cut expenses to be covered by SS and Pension. 3. Note that 1 above is varied by how well portfolio did the previous year AND my plans for the coming year. he...
by unclemick
Sat Dec 03, 2011 3:02 pm
Forum: Investing - Theory, News & General
Topic: stocks vs bonds for the very long run
Replies: 72
Views: 4867

Re: stocks vs bonds for the very long run

Past performance is no ------- well you know. So it makes me feel all warm and smarmy about Mr. Bogles method of guestimating forward the return on stocks and bonds. My 60/40 'policy portofolio has suffered some chewy periods in the past thirty years but stay course (I rebalanced) got me to retireme...
by unclemick
Fri Dec 02, 2011 5:00 pm
Forum: Investing - Theory, News & General
Topic: my wife the stock picker
Replies: 49
Views: 3951

Re: my wife the stock picker

Plan B. You both will be able to retire on your index portfolio alone . Right? There is marriage and then there is convincing. heh heh heh - Remember the Postscript Chapter of Ben Graham's The Intelligent Investor and Wm. Bernstein's 15 Stock Diversification Myth. The odds may be against ya but peo...
by unclemick
Thu Dec 01, 2011 1:57 pm
Forum: Investing - Theory, News & General
Topic: Bill Bengen has some provocative things to say
Replies: 32
Views: 3126

Re: Bill Bengen has some provocative things to say

Hmmm - Bogle's 'policy portfolio' and soldier on, stay the course, 60/40. Of course I fib to myself and don't age - ignore that age in bonds thing and try not to look as my Target Retirement ups fixed as the clock ticks on. heh heh heh - when I was young I 'knew' when stocks were cheap or dear and w...
by unclemick
Wed Nov 30, 2011 1:27 pm
Forum: Investing - Theory, News & General
Topic: REITS VS Direct Real Estate Investing?
Replies: 80
Views: 7509

Re: REITS VS Direct Real Estate Investing?

I voted neither - as Target Retirement is my lead sled dog in retirement. That said, duplex for 15 yrs during the accumulation phase, two plots of timberland, and Vanguard REIT index (10%) for a while early in retirement(90's and til 2006). Illiquidity being what it was I considered physical propert...
by unclemick
Mon Nov 28, 2011 3:27 pm
Forum: Investing - Theory, News & General
Topic: How Long Can You Wait for a Bull Market?
Replies: 90
Views: 7386

Re: How Long Can You Wait for a Bull Market?

Not to cross thread BUT I had an active stock account with a great broker/advisor(in his own mind) from 1966- 1982.

heh heh heh - need I say more. :lol :lol :roll: :wink:
by unclemick
Thu Nov 17, 2011 4:26 pm
Forum: Investing - Theory, News & General
Topic: Many Americans say they will have to work until they're 80
Replies: 101
Views: 8649

Re: Many Americans say they will have to work until they're

Hmmm - perhaps outside the survey group but the people I know working past 65(a few in their 80's) are farmers or self employed businessmen/women. Most have family members involved.

heh heh heh - assets tied up in the business vary widely. 8-)
by unclemick
Thu Oct 27, 2011 6:23 pm
Forum: Investing - Theory, News & General
Topic: I'm Bullish this October
Replies: 217
Views: 24929

Re: I'm Bullish this October

Right! I've nuked some popcorn and I'm in the bleachers cheering for ya.

Of course I have faith those trusty Vanguard computers will rebalance my target fund all the way up - or er ah down if necessary. Speaking offense and defense wise.

heh heh heh - Go Rick I hope you are right. :wink:
by unclemick
Wed Oct 26, 2011 11:08 am
Forum: Investing - Theory, News & General
Topic: tolerance for risk: accumulating vs. withdrawing
Replies: 19
Views: 1401

Re: tolerance for risk: accumulating vs. withdrawing

wannaretireearly: Tolerance for risk is higher in the accumulating phase than in withdrawing. I dont think anyone would argue this. My tolerance for risk (at age 87) is much greater than when I was younger (and I sold several times because I was afraid stocks would go lower.) Today, with my knowled...
by unclemick
Wed Oct 26, 2011 10:53 am
Forum: Investing - Theory, News & General
Topic: John Bogle says rebalancing oversold
Replies: 88
Views: 9130

Re: John Bogle says rebalancing oversold

Hmmm - back in the 90's having read Mr. B's first book I rebalanced much less frequently because the portfolio was 'manual', slice and dice, or a mixture of funds - however one labels it. Some holdings like Wellington internally rebalanced. Now being older and lazier??(I'd love to say wiser ) I let ...
by unclemick
Fri Oct 21, 2011 4:35 pm
Forum: Investing - Theory, News & General
Topic: Investing in Three Dimensions
Replies: 39
Views: 3667

Re: Investing in Three Dimensions

dbonnett wrote:Very even handed


Ditto. Excellent post.

heh heh heh - 8-)
by unclemick
Fri Oct 21, 2011 4:19 pm
Forum: Investing - Theory, News & General
Topic: 12yo son's investing class at school driving me nuts
Replies: 46
Views: 9485

Re: 12yo son's investing class at school driving me nuts

Wellll perhaps you should Goggle up Wm. Bernstein's 15 Stock Diversification Myth and then contrast that with the Postscript chapter of the latest version of Ben Graham's The Intelligent Investor including commentary by Jason Zweig. Do ya feel lucky? Well do ya? heh heh heh - Sorry couldn't resist. ...
by unclemick
Sun Sep 25, 2011 10:08 am
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 217
Views: 153354

Excellent thread.

heh heh heh - outstanding example of why I love this forum. 8-)
by unclemick
Sun Sep 25, 2011 10:00 am
Forum: Investing - Theory, News & General
Topic: A novel approach: “The FleeceWare Conspiracy”
Replies: 69
Views: 7733

Re: Boglehead courses for investors

Hi Dick: Think of the opportunity, and the effect – the power of the university system, schools across the country offering courses in Bogle-inspired investment education! No doubt about it, instead of making investment education complicated and confusing, courses based on Mr. Bogle's simple and ea...
by unclemick
Tue Sep 20, 2011 12:57 pm
Forum: Investing - Theory, News & General
Topic: Why not A 60/40 stock/bond allocation for life?
Replies: 53
Views: 12137

1970 60/40. Today 60/40 with some noticable lapses periodically over the decades due to fear, greed, hormones, animal spirits and just plain being a male of the species. Rightly or wrongly in 1970 I was under the impression that 60/40 presented the typical large corporation pension plan (the 'policy...
by unclemick
Mon Sep 19, 2011 4:33 pm
Forum: Investing - Theory, News & General
Topic: The End of America by Porter Stansberry?
Replies: 31
Views: 6347

I listened to his spiel on YouTube and fell asleep through it but woke up at the end. His ultimate conclusion is to BUY FARM LAND. ETA: I actually read recently that George Soros is buying farm land, so maybe there is something to it. Right, and, oh what a surprise: Shiller singles out farmland as ...
by unclemick
Sat Sep 17, 2011 6:23 pm
Forum: Investing - Theory, News & General
Topic: Avoiding [investing] rip-offs
Replies: 17
Views: 1937

If it ain't Vanguard it ain't ---- well you know.

heh heh heh - 8-) Otherwise invest according to your plan(IP) and 'stay the course.'
by unclemick
Sat Sep 17, 2011 6:18 pm
Forum: Investing - Theory, News & General
Topic: New Speech by John Bogle, Upcoming Appearance on CNBC
Replies: 14
Views: 2267

Same here.

heh heh heh - :?:
by unclemick
Wed Sep 14, 2011 3:17 pm
Forum: Investing - Theory, News & General
Topic: The End of America by Porter Stansberry?
Replies: 31
Views: 6347

In ancient times, 1960's, I used to read copies of a coworker's 'Ruff Times' ?

Luckily in the stretch I came to believe in Mr B's "Press on regardless."

heh heh heh - Stay the course works for me also. 8-)
by unclemick
Wed Sep 14, 2011 3:02 pm
Forum: Investing - Theory, News & General
Topic: International diversification's effect can be tenuous
Replies: 47
Views: 7542

Paul: I may be wrong, but my recollection is that Japan's market capitalization exceeded that of the US at the peak of Japan's stock market valuation. Best wishes. That is quite the counterpoint. If that was the case then you can boot my previous point right out the window. it also demonstrates one...
by unclemick
Wed Sep 14, 2011 2:42 pm
Forum: Investing - Theory, News & General
Topic: Where is the economy right now?
Replies: 28
Views: 3097

Growth. Farm country. New hiring signs in retail windows. Not reflected in local unemployment data yet.

heh heh heh - :wink: Of course I have been wrong before - that's why I buy balanced index funds. :lol: :lol:
by unclemick
Mon Sep 05, 2011 12:47 pm
Forum: Investing - Theory, News & General
Topic: Blackrock: Interesting Economist Article
Replies: 5
Views: 1014

Active managers are known for selecting incorrect benchmarks. There is a post on Rick Ferri's blog about it. Simple example - Dodge & Cox International uses MSCI EAFE (International developed market index) as its benchmark, but if you'd look at the fund's investments then you'd see that it inve...
by unclemick
Mon Sep 05, 2011 12:38 pm
Forum: Investing - Theory, News & General
Topic: small-value premium and Heisenberg's uncertainty principle
Replies: 41
Views: 4741

Hmmm - skipping data and numbers if I follow Mr. B's reasoning - buy the whole haystack at the lowest possible cost. The 'little needles' aka small cap is in there. If I buy too narrow an index slice - my turnover cost as stocks meet and fail index criteria is in there. heh heh heh - One upon a time...
by unclemick
Fri Sep 02, 2011 10:23 pm
Forum: Investing - Theory, News & General
Topic: Poll: Individual Stocks
Replies: 34
Views: 4153

Male 68 and I ain't dead. Roughly 10% individual stocks aka to feed Mr B's 'animal spirits' or quell the hormones as I like to put it. I also watch football in season. heh heh heh - nowadays all my retirement money is in Vanguard's Target Retirement 2015. Vanguard computers are my favorite team. Go ...
by unclemick
Fri Sep 02, 2011 6:37 pm
Forum: Investing - Theory, News & General
Topic: Do valuations influence future returns, and are they useful?
Replies: 42
Views: 3977

60/40 aka 'da policy portfolio' - up and down rock steady. Am I sometimes getting a bargin in my 60%(low P/E) or sometimes paying too much? Those Vanguard computers never tell - they just rebalance away. heh heh heh - now that I'm getting older the asset classes realign as the clock ticks on in my T...
by unclemick
Mon Aug 29, 2011 6:56 pm
Forum: Investing - Theory, News & General
Topic: Common Boglehead arguments that are not very convincing
Replies: 124
Views: 13583

Re: The great strength of the Boglehead Philosophy

Hi Freebeer: In my opinion, the great strength of the Boglehead Philosophy is that Bogleheads base their investment decisions on reliable academic research and not on Wall Street's self-serving marketing machine. We also must never overlook the fact that our mentor Jack Bogle has more practical (an...
by unclemick
Mon Aug 29, 2011 6:41 pm
Forum: Investing - Theory, News & General
Topic: Buffett in favor of Graham and Dodd type active management
Replies: 26
Views: 3443

I think even Mr B didn't invest all index. Taxes is tough.

The cost to switch can be chewy.

heh heh heh - 8-) I mean 'Bogle's Folly' didn't launch til ? 1976.
by unclemick
Mon Aug 29, 2011 1:01 pm
Forum: Investing - Theory, News & General
Topic: Buffett in favor of Graham and Dodd type active management
Replies: 26
Views: 3443

Does anyone really believe they can identify underpriced stocks consistently? Vanguard does: m "You diversify single-manager risk and by combining talented, high-conviction managers together, you preserve the excess returns and reduce the natural volatility of any one manager." Vanguard's...
by unclemick
Sat Aug 27, 2011 2:15 pm
Forum: Investing - Theory, News & General
Topic: Common Boglehead arguments that are not very convincing
Replies: 124
Views: 13583

1. I believed one could get a stockbroker to pick some winners along with studying an investment book or two - beat the market. After all in 1966 I was a hotshot college grad. 1966-1977 won some, lost some. 2. 1977 Bogle's Folly became avaiable in my 401k. Keep your(my) day job. Buy the whole haysta...