Search found 129 matches

by Goldfinger
Sun May 01, 2016 1:39 pm
Forum: Investing - Theory, News & General
Topic: Numeracy and Wealth
Replies: 44
Views: 7135

Re: Numeracy and Wealth

I loved Innumeracy by Paulos. I have a natural ability to think along statistical / probability lines. I am not an engineering type, though. Calculus was something I really had to work at. Stats / Finite math were the exact opposite. Strange dichotomy. I'm sort of OCD when it comes to numbers. I fin...
by Goldfinger
Sun Apr 24, 2016 12:23 pm
Forum: Investing - Theory, News & General
Topic: how do people keep AA constant with ongoing contributions?
Replies: 23
Views: 2539

Re: how do people keep AA constant with ongoing contributions?

With my 403(b) and wife's 401(k), we've always slightly underallocated our contributions to equities relative to bonds according to our AA. The rationale? Since equities have a higher expected return, we will, in most years, not need to fiddle with contribution allocations. Our AA (using age in bond...
by Goldfinger
Mon Apr 18, 2016 10:27 am
Forum: Personal Consumer Issues
Topic: Experience with Honda airbag recall?
Replies: 153
Views: 36928

Re: Experience with Honda airbag recall?

Just saw this sad story in the news regarding Honda airbags. It was a 2002 model: m Very tragic. This is not something to ignore, no matter how low you believe the odds are. I 100% agree. This is not the time to be concerned about some of the lesser issues mentioned. As risky as driving already is,...
by Goldfinger
Sun Jan 31, 2016 2:51 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 15588

Re: What is your favorite Financial Quote or Metaphor??

"Quick buck" artists come and go with every bull market. The steady players make it through the bear markets."

Lou Mannheim (Wall Street)
by Goldfinger
Sun Dec 27, 2015 1:23 am
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 196
Views: 27382

Re: The Big Short

I haven't seen it yet, but I am a big fan of Michael Lewis and do plan on seeing it. Read Liar's Poker and Flash Boys. He's an extremely gifted writer.
by Goldfinger
Sun Dec 27, 2015 1:06 am
Forum: Investing - Theory, News & General
Topic: Tracking Net Worth, insightful and motivating
Replies: 45
Views: 5133

Re: Tracking Net Worth, insightful and motivating

So if I don't watch it, it doesn't happen? So BH should be oblivious to there balances, that would seem to make it hard to rebalance? If you are an actual believer shouldn't you have been moving into equities or at least pointing all your contributions that direction during that period. I guess I a...
by Goldfinger
Wed Nov 25, 2015 12:49 pm
Forum: Investing - Theory, News & General
Topic: Most important financial metric/calculation?
Replies: 39
Views: 4701

Re: Most important financial metric/calculation?

My favorite metrics?

(Pre-retirement)

1) NW of investable assets

2) LMP/projected annual expenses

3) RC/projected annual expenses

(Post-retirement)

4) 1/(95-age)
by Goldfinger
Sat Oct 24, 2015 11:41 am
Forum: Personal Finance (Not Investing)
Topic: What are your 2 retirement numbers?
Replies: 260
Views: 33887

Re: What are your 2 retirement numbers?

I actually have had 3 numbers in mind since having begun investing 26 years ago: Minimum: 2.0M Midpoint: 2.5M Maximum: 3.0M Another way to name each level might be "good/better/best." If I teach another 8.5 years until age 59, I'll be getting a decent pension. If I retire between age 55-58...
by Goldfinger
Sun Sep 06, 2015 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Post your current employer retirement plan! (if any)
Replies: 94
Views: 11274

Re: Post your current employer retirement plan! (if any)

High School teacher: 1. Defined benefit pension plan equal to 2.3% of the average of highest 5 years salaries x # of years worked that is not indexed. 2. NO SOCIAL SECURITY so it is about a wash. One starts out with a higher pension than SS would provide but social security eventually catches up in...
by Goldfinger
Sun Sep 06, 2015 12:14 pm
Forum: Investing - Theory, News & General
Topic: Damodaran on the FED and interest rates
Replies: 13
Views: 1467

Re: Damodaran on the FED and interest rates

Nicely written post - reasonably distilled down into plain English. A liberal arts grade would have no problem understanding it.
by Goldfinger
Sat Sep 05, 2015 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 372
Views: 66031

Re: Question for the Bogleheads Millionaires

Rule #1, for us, has always been "pay yourself first." For every $1 that was invested around 1988-89 (when we started), that same dollar is worth roughly $14-$15 on a compounded basis. What I would give to have been able to tuck away additional $$ during those years. Rule #2: Marry wisely....
by Goldfinger
Wed Jun 24, 2015 12:59 pm
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 220
Views: 35682

Re: What was the 2008 crash like in real time?

We were age-10 in bonds beginning around 2006 after carrying a 90/10 portfolio throughout the 90's and beyond. From that perspective, things were easier than they would've been. I do remember what it was like to see our balances dropping like a rock; however, it was at this time that we really began...
by Goldfinger
Fri Apr 03, 2015 7:23 pm
Forum: Investing - Theory, News & General
Topic: Did you learn anything from 2008?
Replies: 105
Views: 12749

Re: Did you learn anything from 2008?

During 2000-2002 bear market, I had less capital at risk, although a much higher equity/fixed ratio. It didn't bother me at all. I learned that I was taking too much equity risk in 2008. I was age-10 in bonds. Rebalancing was tolerable, but I distinctly recall just how much I couldn't stand selling ...
by Goldfinger
Tue Dec 16, 2014 11:23 am
Forum: Personal Finance (Not Investing)
Topic: What are your 2015 Financial Goals?
Replies: 102
Views: 11012

Re: What are your 2015 Financial Goals?

Boost 403(b) contributions to 24k/yr (giving away my age here...) while saving as much as cash as possible in the brokerage account / 529 plans. Just became daycare free as of last spring with 2.5 yrs until college begins. Roth IRAs on autopilot w/spousal unit's 401(k).
by Goldfinger
Sat Oct 18, 2014 11:42 pm
Forum: Personal Consumer Issues
Topic: Is it possible to have a favorite movie
Replies: 82
Views: 5987

Re: Is it possible to have a favorite movie

I suppose so, but narrowing it down is just so painstaking. Depends on what kind of movie, I suppose. Scent of a Woman if I am forced to pick only one. Movies that start off with 2 (or more) characters that have a symbiotic relationship have such an automatic "tension" to them. I cannot re...
by Goldfinger
Sat Oct 18, 2014 11:23 pm
Forum: Personal Consumer Issues
Topic: need a new home page [browser default page]
Replies: 25
Views: 2849

Re: need a new home page [browser default page]

www.refdesk.com

Probably more information stuffed onto one page than you'll find anywhere. Much more for those who prefer text than fancy shmancy.
by Goldfinger
Wed Jul 02, 2014 12:34 pm
Forum: Personal Consumer Issues
Topic: Getting toddler to brush their teeth
Replies: 53
Views: 4231

Re: Getting toddler to brush their teeth

We've had the best luck by making brushing teeth fun. My youngest (now 5) loves this Charlie Brown video. m Every time he watches it, he wants to go brush his teeth. Something else I do is show them how daddy has fun brushing teeth. Gargling seems to fascinate my kids. When I pretend to throw up (in...
by Goldfinger
Sun Jun 22, 2014 11:51 pm
Forum: Personal Consumer Issues
Topic: A day in Dachau?
Replies: 38
Views: 3599

Re: A day in Dachau?

Leeraar, I visited Dachau in 1996 and have very vivid memories. I visited Germany, Austria, and Italy during a 2 week period that year, and Dachau stands out the most. There was a former prisoner who would visit Dachau every day as part of his therapy to come to terms with what happened there. If me...
by Goldfinger
Fri Jan 24, 2014 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: POLL: What Percentage of Your Retirement Portfolio is Roth?
Replies: 42
Views: 3728

Re: POLL: What Percentage of Your Retirement Portfolio is Ro

We're right at 19%. As a percentage of annual contributions, it's a bit higher at 25%. We had about 8 or 9 years of work under our belts when the Roth was introduced, and fortunately took advantage of the 4 year allowance to pay the taxes since we converted our trad IRAs in the year 1998, I believe....
by Goldfinger
Wed Jan 01, 2014 2:20 pm
Forum: Investing - Theory, News & General
Topic: What types of year-end snapshots do you keep?
Replies: 34
Views: 3210

Re: What types of year-end snapshots do you keep?

I've been keeping everything in Excel since 1996, although retirement investing began in 1988 for us. At the end of each year, I use the "move or copy sheet" function to close out that year and create a new tab for the following year - plugging in contributions / NAVs when appropriate. Ano...
by Goldfinger
Tue Jul 23, 2013 11:03 pm
Forum: Investing - Theory, News & General
Topic: How and when did you do it - to get to 1 Million
Replies: 65
Views: 10971

Re: How and when did you do it - to get to 1 Million

I'm 48 and spousal unit/DW is 46. Hit it a couple of years ago. Our formula: Started saving right out of school (piggy bank $$, savings bonds, 401(k), Roth IRAs, but didn't have much in taxable for a few years. Kept expenses low. VERY supportive and frugal spouse. Managed to tuck away several hundre...
by Goldfinger
Sat Jul 06, 2013 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: 25 years today (how long u been on the job ???)
Replies: 74
Views: 7739

Re: 25 years today (how long u been on the job ???)

Current job 10 years (2 previous jobs 7 years each)
Current home 6 years (2 previous homes 6.5 and 7 years)
Married 22 years (but together for 28 years)

-Goldfinger
by Goldfinger
Sat Jul 06, 2013 4:55 pm
Forum: Investing - Theory, News & General
Topic: Anti-Boglehead book recommendations?
Replies: 35
Views: 5302

Re: Anti-Boglehead book recommendations?

The Market Wizards series is excellent. (Author Jack Schwager personally interviews each trader.) Market Wizards, 1988 The New Market Wizards, 1992 Stock Market Wizards, 2001 The books are so well written and entertaining that you'll find them hard to put down. Each chapter is devoted to the trading...
by Goldfinger
Mon Mar 11, 2013 11:51 pm
Forum: Investing - Theory, News & General
Topic: Could bogleheads vote on Top 10 "asks" of Vanguard?
Replies: 100
Views: 8494

Re: Could bogleheads vote on Top 10 "asks" of Vanguard?

A national muni ETF. I'm one of those Fidelity brokerage people who would like to pay far less than the $75 it would cost to purchase a Vanguard muni fund. (Yes, I'm aware of the taxable / tax advantaged workarounds) 8-)
by Goldfinger
Sat Jan 19, 2013 12:33 pm
Forum: Personal Consumer Issues
Topic: Your most intense movie scene
Replies: 155
Views: 15552

Re: Your most intense movie scene

tadamsmar wrote:
Goldfinger wrote: snipped
--Goldfinger


How about the scene where you tie Bond down to a sheet of gold and start to cut him in half with a laser beam!


I was hoping nobody would bring that up. :shock:
by Goldfinger
Sat Jan 19, 2013 12:27 pm
Forum: Investing - Theory, News & General
Topic: Washington Post Article About People Raiding 401k Accounts
Replies: 102
Views: 22376

Re: Washington Post Article About People Raiding 401k Accoun

As someone who used to work in a 401k call center for a major institution, i can confirm that lots of people raid their 401ks, and lots of people lack fiscal intelligence. Some people even referred to their 401k as their emergency spending money. The best was people who used the salary deferrals as...
by Goldfinger
Fri Jan 18, 2013 12:33 pm
Forum: Personal Consumer Issues
Topic: Your most intense movie scene
Replies: 155
Views: 15552

Re: Your most intense movie scene

Scary intense (1): the first "over the edge" scene in The Exorcist. "Leave her alone! The sow is mine!" And what Linda Blair did next with that cross... Scary intense (2): From The Shining, when Shelly Duvall started looking through page after page after page of Jack Nicholson's ...
by Goldfinger
Wed Dec 26, 2012 12:49 am
Forum: Investing - Theory, News & General
Topic: How to avoid selling stocks at the wrong time
Replies: 6
Views: 1365

Re: How to avoid selling stocks at the wrong time

Thanks for the note, Larry. I know nothing about this new book, but find Jack Schwager an interesting author. I've read his 3 "Market Wizards" books and have been very intrigued by them. The original book, "Market Wizards" was published in 1988. Even though the trader interviews ...
by Goldfinger
Sat Dec 22, 2012 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Your International vs. U.S. Stock Allocation?
Replies: 73
Views: 10593

Re: Your International vs. U.S. Stock Allocation?

[quote][/quote] Victoria, I like the elegant simplicity to that ratio as well. I also remember my AA of (being an AIB investor) 2/3 equities, 1/3 fixed, but that was a decade ago, so I now look forward to the 1/2 equities, 1/2 fixed AA that I'm scheduled to hit in 2.5 years. The unintended consequen...
by Goldfinger
Sun Nov 04, 2012 12:11 am
Forum: Personal Finance (Not Investing)
Topic: What does it feel like to have $1M+ liquid?
Replies: 126
Views: 15399

Re: What does it feel like to have $1M+ liquid?

missybon said: There are lots of "well, it depends..." around this one; but for me, living in the D.C. area, I still need to work. What my $1,000,000 let me do was think about the work I wanted to do and not worry about the salary. I am a public school teacher and have been for long enough...
by Goldfinger
Sat Oct 06, 2012 10:33 am
Forum: Personal Consumer Issues
Topic: robbed by strong arm and pickpockets in Rome and Venice
Replies: 63
Views: 11131

Re: robbed by strong arm and pickpockets in Rome and Venice

The wife and I had a similar experience in Rome back in the mid 90's. (Southern Italy was an entirely different experience from northern Italy - almost 2 separate countries .) I always carried my wallet in my front pocket, so no issues there. During one of the legs of our Rome tour, my wife's backpa...
by Goldfinger
Sat Oct 06, 2012 10:24 am
Forum: Investing - Theory, News & General
Topic: The Present Value of Pensions
Replies: 53
Views: 7644

Re: The Present Value of Pensions

Fully agree with Doc and unfundi. Would also add that you cannot rebalance with a pension, which has been stated here before.
by Goldfinger
Mon Apr 02, 2012 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Your milestones?
Replies: 82
Views: 6639

Re: Your milestones?

I like milestones in terms of keeping score (me against me, really). The market is going to go where the market is going to go, so the 2 factors I can control are contributions and expenses. I keep a spreadsheet full of personal statistics just for the fun of it (a silly spreadsheet, as I've referre...
by Goldfinger
Sat Feb 18, 2012 8:07 am
Forum: Investing - Theory, News & General
Topic: "Can you sum-up your investing philosophy in 10 words?"
Replies: 120
Views: 8443

Re: "Can you sum-up your investing philosophy in 10 words?"

For me, these 2 words say it all: "Stealth Wealth." Wrap the typical Boglehead comments around that, and that sums it up for me.

--Goldfinger
by Goldfinger
Sun Feb 05, 2012 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Save or Spend?
Replies: 19
Views: 2129

Re: Save or Spend?

I didn't see any mention of paying down debt (if you have any). As a mortgage could be considered a negative bond, one might focus on getting a guaranteed return by paying down the mortgage over a period of several years. I like to focus on share accumulation when it's not beneficial to focus on dol...
by Goldfinger
Sat Jan 28, 2012 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Do you hold your age in bonds?
Replies: 133
Views: 8982

Re: Do you hold your age in bonds?

AA 54/46

I like age in bonds as a starting point, but in our case, age in bonds is our proper ending point.

Ages: 46 (me), 45 (dw)
Eligible for pension @ age 55 (me)

We were age-10 until '08/09. We just don't need to take on that level of risk anymore, given where we are.

--Goldfinger
by Goldfinger
Mon Dec 26, 2011 12:18 pm
Forum: Investing - Theory, News & General
Topic: interview with seeking alpha
Replies: 8
Views: 1349

Re: interview with seeking alpha

A superb interview, I must say. Notice how many times the interviewer tried to bait Larry into making predictions. It was almost comical by about 3/4 of the way through. I rarely read comments, as they're about as valuable as Yahoo stock "chats" IMO, but these were simply classic - good re...
by Goldfinger
Mon Dec 26, 2011 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Boglehead house size
Replies: 61
Views: 4798

Re: Boglehead house size

4400 sq ft (our 3rd home) With 4 kids, we've grown into it very quickly. As much as I love the place, I do look forward to downsizing in about 5-7 years - once they start leaving the nest. McMansions are very inexpensive here in Texas, as livesoft stated, so the temptation is much more tenable. I'd ...
by Goldfinger
Sat Oct 08, 2011 8:51 am
Forum: Investing - Theory, News & General
Topic: A Look Inside of Fort Knox...
Replies: 34
Views: 6151

Bond: "Do you expect me to talk?" Goldfinger: "No, Mr. Bond, I expect you to die." Great quote, nisi, but my favorite one is this: "At least they won't be using heroin flavored bananas to finance revolutions." Another great line: "My dear girl, there are some thin...
by Goldfinger
Sat Oct 01, 2011 7:12 am
Forum: Investing - Theory, News & General
Topic: No share building tool on Vanguard's site?
Replies: 8
Views: 1006

I really like the idea. Such a tool would be relatively easy to implement, IMO. In my 403b, for instance, I contribute 40% to Total International, and 60% to Intermediate term bond index. By last year, the monthly dividends of my bond index exceeded 1 of my contributions - and I contribute the maxim...
by Goldfinger
Mon Jul 11, 2011 12:56 pm
Forum: Forum Issues and Administration
Topic: Who is your favorite Boglehead?
Replies: 103
Views: 13619

Impossible to pick just one. I see value in this kind of thread, though, as it shows well-deserved public appreciation for those who frequently post here. My categories: TLH advice / commentary, active vs passive stance: Wagnerjb Humor: Dan Moroboshi Analytical approach: dbr Sarcasm: livesoft Though...
by Goldfinger
Tue Feb 15, 2011 11:00 am
Forum: Forum Issues and Administration
Topic: Dan Moroboshi
Replies: 13
Views: 3126

2 thumbs up

Dan is easily this forum's funniest. I remember stumbling across a survival guide to which he posted a link (my firewall won't allow me to access it). It included recipes for cooking rats (Ratatouille stew?)

I literally doubled up and laughed myself silly.
by Goldfinger
Fri Feb 04, 2011 1:35 pm
Forum: Personal Consumer Issues
Topic: Any Other Texans Iced In?
Replies: 17
Views: 1783

Next weather system

I am supposed to fly into Houston on Monday. Any thoughts on the probability of problems? It looks like you guys should be warming back up over the weekend. Edit: Seems desertdug thinks things should be fine! dwoten, You should be fine, as desertdug stated, but apparently there's another system bri...
by Goldfinger
Fri Dec 31, 2010 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Don't you wish we could talk about money?
Replies: 167
Views: 20445

Quoting sscritic: "One question is whether you want to spread the gospel or not. I listen to ordinary people on the Dave Ramsey show who have cut their credit cards up, stopped going out as often as before, and who explain to their friends why they are now living a different lifestyle. There s...
by Goldfinger
Thu Dec 30, 2010 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Don't you wish we could talk about money?
Replies: 167
Views: 20445

Congrats!

rrosenkoetter, Congratulations on reaching a significant milestone! I think it's pretty clear that these kinds of celebrations should be private. When I consider cost/benefit of sharing such information, personally speaking, the cost always outweighs any satisfactory benefit derived via the disclosu...
by Goldfinger
Tue Nov 23, 2010 3:59 pm
Forum: Local Chapters and Bogleheads Community
Topic: Rick Ferri in HOUSTON on January 15, 2011
Replies: 46
Views: 9349

Count me in! Always great getting together w/fellow bogleheads. We can arrange where by PM / e-mail.
by Goldfinger
Wed Oct 13, 2010 5:52 pm
Forum: Personal Consumer Issues
Topic: Short Intense Exercise Healthier than Long Moderate Sessions
Replies: 87
Views: 15464

My .02

KyleAAA wrote: "HIIT is generally preferred to steady state exercise for weight loss and all-around general health. Intensity counts for far more than anything else. The downside of that is your body simply can't handle doing HIIT every day. Most exercise scientists (as opposed to doctors, who ...
by Goldfinger
Wed Oct 06, 2010 11:08 am
Forum: Investing - Theory, News & General
Topic: Lower Minimum on Admiral Shares
Replies: 110
Views: 14643

Well, that was easy! Not to be greedy or anything, but I sure wish this applied to 403(b) plans. Not complaining, though. My spousal unit's IRA rollover is our biggest account, so we're happy w/this. Definitely need to remember to change your ticket symbols, as stated by canucknyc. --Goldfinger
by Goldfinger
Thu Aug 05, 2010 12:49 pm
Forum: Investing - Theory, News & General
Topic: What type of investor are you?
Replies: 34
Views: 5242

I checked "other." I buy, hold, and rebalance out of equities , but not out of fixed, as I maintain a minimum "bond floor." Toward the end of '08 when the market "rebalanced" my equity down 17% lower that my AA, I did purchase several chunks from fixed - sort of the exc...
by Goldfinger
Thu Aug 05, 2010 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Are you obsessed with your NET WORTH?
Replies: 97
Views: 15045

I don't adhere to rigid dates as to when I update my spreadsheet. Usually every 2-4 weeks is sufficient - more often if something interesting is happening. I've tilted my concerns more to the fixed income side of my portfolio in recent years. As long as the balance is showing a nice steady advance, ...