Search found 53 matches

by Sibelius
Tue Oct 10, 2017 7:31 pm
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 99
Views: 12846

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

The prize was awarded 6 times to someone from U of C. It's almost like they have an exclusive on the Nobel prize for economics. Hardly. Chicago is well behind MIT. Among the MIT econ department's past and current faculty and alumni are several recipients of the Nobel Prize in Economics: (19 in all)...
by Sibelius
Tue May 03, 2016 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Small Business Savings
Replies: 13
Views: 1429

Re: Small Business Savings

Yes, we use Short Term to reduce some of the volatility and reduce risk of loss of capital. But you receive less so I split the funds between short and intermediate term.
by Sibelius
Tue May 03, 2016 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Small Business Savings
Replies: 13
Views: 1429

Re: Small Business Savings

We use the Short Term fund for the shorter duration and if we expect to keep the money in the account for more than a couple of months we use the Intermediate Term for the extra yield.
by Sibelius
Tue May 03, 2016 4:47 am
Forum: Personal Finance (Not Investing)
Topic: Small Business Savings
Replies: 13
Views: 1429

Re: Small Business Savings

Our business has a Vanguard account and we place temporarily unneeded cash in the Short and Intermediate Term Investment Grade funds. We use the two funds to avoid the frequent trading restriction although that is not much of a problem now that it was reduced to 30 days. We can get the money in two ...
by Sibelius
Sun Apr 17, 2016 10:41 am
Forum: Investing - Theory, News & General
Topic: What are Pros and Cons to the "Four Hour Workweek?"
Replies: 99
Views: 15064

Re: What are Pros and Cons to the "Four Hour Workweek?"

As a business owner, I am constantly reminded of the old joke: " Owning your own business is great! You only work half a day and you get to choose the 12 hours!" Of course, the joke is that you don't really get to choose when to work, or keep the hours as low as 12. Not that I would ever want to go ...
by Sibelius
Thu Feb 18, 2016 3:17 pm
Forum: Investing - Theory, News & General
Topic: Buy According to AA but Never Rebalance
Replies: 40
Views: 3138

Re: Buy According to AA but Never Rebalance

Several years ago I set a fixed dollar target for bonds and now that I have reached that level all new retirement contributions go into equity. My thinking is that this approach provides the amount of risk that I am willing to accept for retirement funds. The bond amount is roughly five years of exp...
by Sibelius
Tue Dec 22, 2015 11:46 pm
Forum: Investing - Theory, News & General
Topic: Share your current asset allocation?
Replies: 94
Views: 10615

Re: Share your current asset allocation?

I will provide a simple answer: Retirement Accounts (all at Vanguard) Value Index 18% Mid Cap Value 13 % Small Cap Value 25 % Emerging Markets 11 % Developed Markets 2% Intermediate Inv Grade Bonds 29% Balanced Index 2% I am heavy in value and, as I turn age 61 as of this coming Saturday, I am proba...
by Sibelius
Fri Nov 06, 2015 8:25 pm
Forum: Investing - Theory, News & General
Topic: 70 is the New 65
Replies: 106
Views: 16959

Re: 70 is the New 65

I guess that I was smart - or lucky - to start my business seven years ago when I was 53. As long as I can bring in the contracts I can remain employed. While we remain a very small business (nine employees) I can hire whoever I think can best do the job. I hired a 69-year-old software architect two...
by Sibelius
Sun Aug 30, 2015 8:20 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 935
Views: 176563

Re: Boglehead Beer

Yuengling is a great bargain on tasty beers. Black and Tan is my favorite in the 12-pack carton.
by Sibelius
Sun Aug 30, 2015 8:13 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5886
Views: 1393699

Re: What Movie Have You Recently Watched?

Ran is is a great movie and I would love to see it again. Kagemusha is another late Kurosawa movie, even better than Ran and I love how he visually compares the crude thief with the elegant lord early in the movie. Both Ran and Kagemusha are pretty bleak, however. In the past couple of weeks we hav...
by Sibelius
Wed Jul 29, 2015 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 7340

Re: Geico Auto Insurance

I have insured my cars with GEICO for over 30 years. The claims experience has been excellent, both when I have been at fault and when I have been on the receiving end of a drunk driver. I find their telephone agents quick, knowledgeable, and responsive. I also have our umbrella insurance with GEICO...
by Sibelius
Tue Jun 09, 2015 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Independent Contracting job vs Salaried jobs.
Replies: 33
Views: 10379

Re: Independent Contracting job vs Salaried jobs.

I have been on all of the sides of this discussion: manager of employees that moved to independent contractor and consultants that moved to employee status, and I personally have worked as both an IC and as a small business owner with regular full-time employees and ICs. The rule is simple: you bill...
by Sibelius
Tue Jun 09, 2015 6:45 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing
Replies: 41
Views: 5758

Re: Rebalancing

Most of these asset allocation discussions focus on the stock-bond percentage as the outcome of the decision of how much risk to expect for the portfolio. I do not find this approach very helpful. A few years ago when I quit my stable job and started my own business at the age of 55, I decided to mo...
by Sibelius
Sun Apr 26, 2015 3:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Balanced Index from Cradle to Grave
Replies: 35
Views: 9950

Re: Vanguard Balanced Index from Cradle to Grave

"A corollary to this is that it doesn't matter much whether you simply buy and hold Balanced Index, or whether you hold its two components (Total Stock and Total Bond) as separate funds in a 60/40 proportion and occasionally rebalance as needed. Or 50/50. Because the difference between 60/40 and 50/...
by Sibelius
Wed Mar 04, 2015 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Wife tired of saving...
Replies: 203
Views: 31634

Re: Wife tired of saving...

You only live once and your children are only small for a few years. As they get older they will need more space and so will you and your wife. Buy a home that makes the children and your wife happy. What else are you working for?
by Sibelius
Thu Feb 19, 2015 10:33 pm
Forum: Investing - Theory, News & General
Topic: The 8x retirement savings rule
Replies: 83
Views: 13971

Re: The 8x retirement savings rule

I have to chuckle a little at the posters that think it is so simple to know your expenses and plan for them years in advance. I did not know until a couple of months ago that my health insurance costs would increase by $4,080 this year and that we would lose another $5,000 because we can no longer ...
by Sibelius
Thu Feb 19, 2015 10:09 pm
Forum: Investing - Theory, News & General
Topic: Why do companies match 401k contributions?
Replies: 43
Views: 14248

Re: Why do companies match 401k contributions?

Hostage taking sounds very harsh to me. Every employer has to decide what package of salary and benefits to offer to their employees and for numerous reasons you have to treat all employees pretty much the same. Some want cash, others like retirement contributions. Every employee likes to avoid payi...
by Sibelius
Thu Feb 19, 2015 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: How best to use gifted 25k. . .
Replies: 25
Views: 5549

Re: How best to use gifted 25k. . .

Use some of the windfall to do something special with your wife and put the rest in the kid's fund. Children are expensive (but well worth it!) and it is good to have some extra money socked away when they come into your lives. They are also time consuming, and that is why you should spend some mone...
by Sibelius
Tue Feb 17, 2015 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: best credit card for hotel rewards
Replies: 13
Views: 1608

Re: best credit card for hotel rewards

I have found that I receive lots of value from my Marriott Visa. I previously traveled a lot and used an airline card but eventually lost a couple of hundred thousand points when I stopped flying so much and could not find a sensible way to use the accumulated points. I am much more likely to use a ...
by Sibelius
Tue Feb 17, 2015 8:27 am
Forum: Personal Finance (Not Investing)
Topic: When would you retire money no object?
Replies: 64
Views: 5896

Re: When would you retire money no object?

College costs are outrageously high so I completely understand waiting to retire until the last child graduates. In my own case, I just turned sixty and our youngest child is a college sophomore. I would feel weird encouraging him to study hard at something useful while I was retired. But then, I en...
by Sibelius
Sun Feb 15, 2015 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can I be fined $100 per day per individual?
Replies: 5
Views: 1942

Re: Can I be fined $100 per day per individual?

I don't know if there is any special exemption for Medicare policies, but I am pretty sure that there is no exemption for being a small business under 50 employees. The regulations cover all insurance policies as they are regulated under Obamacare and all of the previous decades of insurance regulat...
by Sibelius
Sun Feb 15, 2015 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Can I be fined $100 per day per individual?
Replies: 5
Views: 1942

Re: Can I be fined $100 per day per individual?

Your accountant is correct. The type of premium payment reimbursement that you use is no longer permitted under Obamacare regulations and the fines are onerous. Our small business had to stop paying our employees' health insurance last year once we found out that the new regulations disallowed a pra...
by Sibelius
Fri Jan 09, 2015 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance - Finding company with good customer service
Replies: 10
Views: 1706

Re: Insurance - Finding company with good customer service

I have used GEICO for auto insurance for 31 years and it has been good for us. I have had a few claims over that time period and they were quick and efficient to work with. Also easy to add and drop cars and drivers, both over the phone and now via their website. I added umbrella insurance a few mon...
by Sibelius
Fri Oct 31, 2014 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: 401k millionaire
Replies: 27
Views: 6724

Re: 401k millionaire

I started in 1983 when I began working again after leaving grad school and made it to $1 million in August 2012. I was fortunate that most of those years I contributed 15% of salary with both employer contributions and salary withholdings. However, there were a few gap years when changing jobs and w...
by Sibelius
Thu May 01, 2014 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Does everyone have an Emergency Fund
Replies: 51
Views: 6262

Re: Does everyone have an Emergency Fund

No emergency fund, I have a freshman in college and all the previous available savings went to the oldest child for his college expenses. But at least he paid his own way for his MBA!
by Sibelius
Sun Jan 26, 2014 11:06 am
Forum: Investing - Theory, News & General
Topic: What Bond Fund do You Invest In?
Replies: 43
Views: 4915

Re: What Bond Fund do You Invest In?

100% Intermediate Term Investment Grade in my retirement accounts. I moved from GNMA to the VFICX a few years ago and stuck with it ever since. In our small business we also hold some extra funds in VFICX but will be moving to the short term fund next month to manage the risk on a temporary surge in...
by Sibelius
Sat Dec 28, 2013 2:59 pm
Forum: Investing - Theory, News & General
Topic: Poll: "Bonds are for safety (True or False)".
Replies: 63
Views: 5807

Re: Poll: "Bonds are for safety (True or False)".

Much of the disagreement comes from different interpretations of the concept of "safety" applied to investments. I replied "False" as I do not invest in bond funds for safety but because I like the steady income that they add to my account every month, regardless of what else is happening in the fin...
by Sibelius
Fri Aug 02, 2013 5:03 pm
Forum: Forum Issues and Administration
Topic: Where to find a bogleheads like community for small business
Replies: 14
Views: 2010

Re: Where to find a bogleheads like community for small busi

When I started my business five years ago I found a couple of sites, such as Start Up Nation, to be of some limited help but once we got underway the value disappeared. The content was too elementary and most of the advice was either of the "rah-rah-you can do it!" variety or accounting and legal gu...
by Sibelius
Tue May 01, 2012 3:39 pm
Forum: Investing - Theory, News & General
Topic: [Poll] Do you check your distributions?
Replies: 25
Views: 1594

Re: [Poll] Do you check your distributions?

I enjoy the bond fund distributions most in those months when equities fall. Seeing dividends come in when the rest of the portfolio tanks reminds me why I diversify my portfolio and helps me calm down.
by Sibelius
Sat Apr 21, 2012 8:52 am
Forum: Investing - Theory, News & General
Topic: Nice article on how indexes are created.
Replies: 1
Views: 426

Re: Nice article on how indexes are created.

Good informative article. Thanks for posting the link.
by Sibelius
Wed Jan 18, 2012 9:05 pm
Forum: Investing - Theory, News & General
Topic: How much do you tilt?
Replies: 79
Views: 7161

Re: How much do you tilt?

I go heavy into value for my equities and balance out the higher risk with bond funds. My equity allocations are: 39% small value 14% large value 22% large cap value 17% emerging markets all in Vanguard index funds, which are more spread over the style boxes than their names would suggest, as severa...
by Sibelius
Fri Jan 28, 2011 7:20 am
Forum: Personal Consumer Issues
Topic: Coffee recommendations (if you're into lighter blends)
Replies: 42
Views: 7651

I now buy my coffee for home brewing at Dunkin Donuts. Like the OP, I dislike the dark roasts as too much of the flavor is lost. They do offer some flavored coffees as well a dark roast but after experimenting I stick with the DD classic. At two one-pound bags for $12.99, the price is decent also. T...
by Sibelius
Sun Nov 14, 2010 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Geico car insurance
Replies: 33
Views: 6293

I have been with GEICO since 1983 and very satisfied with their service and their rates. I have been in three major crashes during that time and the claims process was always smooth. A few years ago they even sent me a rebate check on my premium,saying that an internal review showed that I was payin...
by Sibelius
Fri Sep 03, 2010 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: How much are in your retirement accounts?
Replies: 51
Views: 8365

I started making retirement contributions back in 1983 with 403(b) contributions, so that 15% of my income has been tax sheltered ever since, with a gap of a few years for other jobs. That has generated a fair amount in my retirement account. Of course, like many others the past decade has not been ...
by Sibelius
Mon Jul 19, 2010 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Small Business Accounts
Replies: 8
Views: 1266

When I started my consulting business two years ago I opened a business checking account with SunTrust as I have done personal banking with them for over 25 years (once you count all the previous banks that were bought out). We also got a company VISA credit card with no fee and a points reward prog...
by Sibelius
Wed Jul 07, 2010 10:37 pm
Forum: Personal Consumer Issues
Topic: Pre-existing condition caused claim denial?
Replies: 11
Views: 2695

You have important rights and protection under the HIPAA legislation. If you have had insurance coverage for 18 months without a break in coverage of 63 days or more you have the right to buy an individual insurance policy without a pre-existing condition exclusion. Even with the pre-existing restri...
by Sibelius
Fri Jul 02, 2010 6:20 pm
Forum: Investing - Theory, News & General
Topic: How do economists know if people are looking for work?
Replies: 19
Views: 2632

The Bureau of Labor Statistics calculates the different unemployment rates from the monthly Current Population Survey (CPS). Among other questions,it asks whether the respondent and all others in the household were employed the previous week, whether they sought employment if they were currently une...
by Sibelius
Wed Jun 03, 2009 7:07 pm
Forum: Personal Investments
Topic: Emerging Mkts. What % of your retirement AA
Replies: 35
Views: 5123

15%, and about 15 years until retirement. This asset class is a fun ride!
by Sibelius
Fri Dec 19, 2008 7:21 pm
Forum: Investing - Theory, News & General
Topic: What happened to the Boglehead forum?
Replies: 162
Views: 28942

I think one of the important takeways from these posts is that investing is pretty hard to do well over an extended period of time for many reasons, including: 1. the environment is constantly changing, whether because of dynamic economic conditions or, as R48 points out, the constant stream of inno...
by Sibelius
Thu Dec 18, 2008 5:43 pm
Forum: Investing - Theory, News & General
Topic: What happened to the Boglehead forum?
Replies: 162
Views: 28942

I think that for me and many other participants in this forum the main objectives are continuous learning and reinforcement of our investment strategies. The learning comes about when posters present their ideas (and yes, many recently have the strong flavor of market timing, beating the market, etc...
by Sibelius
Fri Dec 12, 2008 8:10 am
Forum: Personal Investments
Topic: Your Top Bond Fund Choice
Replies: 21
Views: 5385

I agree that the GNMA fund has gotten pretty pricey in the last two months and there is some risk that the NAV will go back to the normal range over time. There is some pre-payment risk if mortgage continue to decline but I suspect that it is lower now with the problems in the housing and credit mar...
by Sibelius
Thu Dec 11, 2008 9:47 pm
Forum: Investing - Theory, News & General
Topic: Unemployment Rate is 16.5%
Replies: 11
Views: 2837

There are many misleading and completely erroneous claims being made about the accuracy of US economic statistics. These shadow stats have no value at all, and researchers and investors would be much better off if they used the BLS data. They are not perfect, mostly because of delays in data collect...
by Sibelius
Thu Dec 11, 2008 9:03 pm
Forum: Personal Investments
Topic: Your Top Bond Fund Choice
Replies: 21
Views: 5385

I go with the GNMA fund, VFIIX. Good return, yet safe principal. I have been using this fund to safeguard some money that I need in several months for business expansion.
by Sibelius
Fri Nov 28, 2008 9:55 am
Forum: Investing - Theory, News & General
Topic: TaxCut 2008 available now for download
Replies: 20
Views: 8239

I have been using TaxCut since around 1992 and have been very pleased with it. Simple, easy to use, and not too expensive. I never had problems using it to complete my son's return either, and no hidden charges. That is how vendors should treat their customers.
by Sibelius
Thu Nov 06, 2008 8:08 pm
Forum: Personal Consumer Issues
Topic: Civil War Books
Replies: 39
Views: 6432

Anything by Bruce Catton. He has a trilogy but I recall that he also wrote a one-volume summary.
by Sibelius
Fri Oct 10, 2008 9:37 pm
Forum: Investing - Theory, News & General
Topic: Anybody unable to get credit?
Replies: 71
Views: 13474

I was referring to the Vanguard GNMA fund, since those bonds are guaranteed by the US government.

Of course, it seems like the US Treasury Department is guaranteering everything these days, except our retirement accounts.
by Sibelius
Fri Oct 10, 2008 5:30 pm
Forum: Investing - Theory, News & General
Topic: Anybody unable to get credit?
Replies: 71
Views: 13474

One of my data points is a little dated but still informative. Last June, my son, age 22 and newly graduated from college, was able to take out a mortgage with a 10% down payment and buy a condo. Yes, he has a good job and the down payment was really his from savings, but it still surprised me. As f...
by Sibelius
Thu Oct 02, 2008 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Treat money as Bond during rollover?
Replies: 13
Views: 2675

This whole system is a fiasco and geared to benefit the investment companies. A plan participant should be able to (once the proper clearance time has taken place (last check, last 401K contribution, etc)) sell on whatever day he/she wants to and have the funds electronically transferred trustee-to...
by Sibelius
Wed Oct 01, 2008 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Treat money as Bond during rollover?
Replies: 13
Views: 2675

I am also in the middle of a similar transfer from a company plan to a Vanguard rollover IRA. I was 100% equities, so normally I would regret being out of the market for a week. However, since the old account closed out last Friday I completely missed the big meltdown on Monday. This is the second r...
by Sibelius
Sun Sep 28, 2008 5:25 pm
Forum: Personal Investments
Topic: What's your rebalancing timing strategy?
Replies: 27
Views: 7971

I use 25% re-balancing bands. In my Vanguard rollover IRA I have small value and emerging markets. I re-balanced out of EM last October 31 and have not had to do anything since, although it is getting pretty close to the threshold with the collapse in the EM index fund.