Search found 114 matches

by JohnYaker
Wed Sep 09, 2020 11:05 pm
Forum: Personal Consumer Issues
Topic: Very slow shower drain, plumber couldn't fix, ideas? - Update
Replies: 77
Views: 6377

Re: Very slow shower drain, plumber couldn't fix, ideas?

Caustic soda, also known as lye or Sodium Hydroxide, does a great job dissolving soap deposits, hair, fats and other solids that tend to clog drains. Great stuff. Available online. Take care to use it safely, including eye protection. How is this, and some of the other suggested substances, for wha...
by JohnYaker
Wed Sep 09, 2020 8:50 pm
Forum: Personal Consumer Issues
Topic: Very slow shower drain, plumber couldn't fix, ideas? - Update
Replies: 77
Views: 6377

Re: Very slow shower drain, plumber couldn't fix, ideas?

Caustic soda, also known as lye or Sodium Hydroxide, does a great job dissolving soap deposits, hair, fats and other solids that tend to clog drains. Great stuff. Available online. Take care to use it safely, including eye protection.
by JohnYaker
Wed Aug 26, 2020 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Poll of the retirees among us--spending in retirement
Replies: 76
Views: 6815

Re: Poll of the retirees among us--spending in retirement

. My wife and I retired in 2007 at age 52, so now 13 years into it. Our spending has gone up over time as our assets increased, but our spending needs have pretty much stayed the same. Still active, so travel is big expense. The one thing I under-estimated in pre-retirement planning was the cost of ...
by JohnYaker
Sat Oct 12, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: 37% Estate Income Tax. Ouch!
Replies: 7
Views: 1737

37% Estate Income Tax. Ouch!

My deceased mother's estate is largely comprised of U.S. Savings Bonds and T-Notes that have earned significant interest income over the years. Income tax has not yet been paid on any of this interest income. If the estate redeems/sells these securities, my understanding is that it will get hit with...
by JohnYaker
Fri May 11, 2007 11:07 am
Forum: Investing - Theory, News & General
Topic: Dollar Depreciation and Inflation Relationship
Replies: 4
Views: 1768

....here in the U.S. inflation is still in the 2-3-4 percent range.
Of course inflation in the U.S. is measured in U.S. DOLLARS.
The global buying power of a U.S. dollar has decreased substantially.

John
by JohnYaker
Thu May 10, 2007 3:27 pm
Forum: Investing - Theory, News & General
Topic: IndexUniverse interview: John Brennan
Replies: 1
Views: 1117

Re: IndexUniverse interview: John Brennan

I applaud Mr. Brennan for his long-term forward-looking views! This inspires me to continue recommending Vanguard to my family and friends. ...-in our view –never promote performance. You just never run a performance ad. I think that is endemic to our business, and I think it’s a shame for our indus...
by JohnYaker
Thu May 10, 2007 2:50 pm
Forum: Investing - Theory, News & General
Topic: Your Questions for Jack Bogle
Replies: 34
Views: 13995

Sucession

. Mr. Bogle, Many of us 'Bogleheads' manage our family assets while our spouses and other family members are woefully less aware of important financial principles. There are many sharks in the waters. What advice can you give us to improve our chances that our assets can be managed efficiently by ou...
by JohnYaker
Wed May 09, 2007 2:47 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe - Saint Louis Post-Dispatch 05/06/07
Replies: 53
Views: 37521

Brian,

Brian, If you look at the list of the world's largest donors to your favorite charity, you likely find that many of them obtained their wealth through risky investments. They could not never have made their contribution to society by investing in low-risk bonds or cash. Bill and Melinda Gates, Warre...
by JohnYaker
Wed May 09, 2007 1:55 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe - Saint Louis Post-Dispatch 05/06/07
Replies: 53
Views: 37521

Brian

Brian,

You're right. It's really risk-tolerance and GOALS.

John
by JohnYaker
Wed May 09, 2007 1:35 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe - Saint Louis Post-Dispatch 05/06/07
Replies: 53
Views: 37521

Larry,

Larry, ... once you get beyond the basic needs being met (food, shelter, etc) there are two keys to happiness (I assume besides good health) ...They are your connectedness to society (depth and number of your relationships) and continuing to learn (stimulate your brain). At least we agree on the tru...
by JohnYaker
Wed May 09, 2007 10:41 am
Forum: Investing - Theory, News & General
Topic: Question about recommended books
Replies: 30
Views: 8973

Re: Bogleheads Book

REITS are a recognized asset class. Other sectors are not, with the possible expection of hard assets like gold. Not really. And neither Bogle or Vanguard have recommended a holding of REITs beyond the amount in the total stock markets. Thus I share Whitemiata's thinking that the Bogleheads' Guide ...
by JohnYaker
Tue May 08, 2007 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Loading Up On Forever Stamps?
Replies: 23
Views: 8203

Hopefully the internet will make the post office obsolete in a few years. (Cross your fingers that Congress won't decide the government needs monopoly control of e-mail.) I hate government interference too, but .... If the gods charged senders even one penny per email, the spam would almost entirel...
by JohnYaker
Mon May 07, 2007 7:04 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe - Saint Louis Post-Dispatch 05/06/07
Replies: 53
Views: 37521

Re: A fool for a client

"Wouldn't this imply that all of us should have a financial advisor, and not just financial advisors?" This is exactly why I recommend that even the most knowledgable Boglehead take advantage of Vanguard's free financial planning advice. It forces one to question, once again, where we var...
by JohnYaker
Mon May 07, 2007 1:05 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe - Saint Louis Post-Dispatch 05/06/07
Replies: 53
Views: 37521

A fool for a client

. Thank you, Brian, for the thoughtful reply. We are clearly dealing with a lot of future unknowns. I'm sure you've heard the old lawyer's expression that "a man who represents himself will have a fool for a client" and I sometimes think the same is true for financial advice. Many good law...
by JohnYaker
Mon May 07, 2007 10:34 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe - Saint Louis Post-Dispatch 05/06/07
Replies: 53
Views: 37521

Myopic Loss Aversion

You've got the logic the wrong way around. The decreasing marginal utility of wealth is why people become MORE risk-averse the more wealth they have. Brian, I'll have to respectfully disagree. Extreme risk aversion in long-term investing is likely more due to myopic loss aversion . Matthew Rabin wr...
by JohnYaker
Mon May 07, 2007 7:29 am
Forum: Investing - Theory, News & General
Topic: Who here had 30-50% in foreign stocks in 1997?
Replies: 80
Views: 33228

30%+ Since 1994

. Though my portfolio was much smaller, I invested 30% of my equities in foreign stock since 1994, in anticipation of potentially living overseas someday. I am now roughly 35% foreign equities. My first international stock fund was Harbor International, with a 0.86 expense ratio. By the time I learn...
by JohnYaker
Sun May 06, 2007 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Loading Up On Forever Stamps?
Replies: 23
Views: 8203

Who needs stamps?

.
What are you going to save by buying stamps now? Nothing significant. It is only a convenience not to stick the 1 cent and 2 cent stamps on an envelope. Focus on the big picutre.

John
by JohnYaker
Sun May 06, 2007 3:43 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe - Saint Louis Post-Dispatch 05/06/07
Replies: 53
Views: 37521

Yes, but....

. I agree with most of what Larry writes, but he appears a bit hypocritical when he asks you to not let your ego influence your investing. He has done exactly that, himself, with his own portfolio. Larry's extreme risk averse position (only 20% equities, last I heard) is contrary to an optimal alloc...
by JohnYaker
Sun May 06, 2007 6:35 am
Forum: Personal Finance (Not Investing)
Topic: How much would you gamble on a coin flip that pays out 3x?
Replies: 27
Views: 9214

Risk Taking and Net Worth

. I recall an experiment on risk-taking behavior and the utility of money that was very similar to the above example. The key finding was that the average person was willing to risk up to approximately one-third of their net worth on such a bet. John PS: I searched the web but douldn't find that exp...
by JohnYaker
Fri May 04, 2007 9:24 am
Forum: Investing - Theory, News & General
Topic: Does your spouse participate in financial decisions?
Replies: 23
Views: 8849

Same here, fire5soon

I answered no , but in reality the answer is sort of ... I do all of the planning, research, allocations, etc and then review with my wife to get the all clear. She likes to know what is going on but doesn't have any interest in the topic of personal finance at all. .... Exactly my situation. I try...
by JohnYaker
Thu May 03, 2007 8:55 pm
Forum: Investing - Theory, News & General
Topic: Which mutual fund companies would you trust with your money?
Replies: 29
Views: 12616

My List

.
1) Vanguard Group

2) Fidelity Investments

3) Dimensional Fund Advisors

4) Index Funds Advisors

5) My Mom & Dad

John
by JohnYaker
Thu May 03, 2007 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: CEO of DFA moving to Austin, Texas
Replies: 55
Views: 18768

#30M

David Booth, the top executive of DFA is moving its headquarters to Austin, and has purchased about 45 acres off RM 2222 for $30 million....

DFA investors: That's YOUR money. Nothing wrong with rewarding good performance, but.....

John
by JohnYaker
Thu May 03, 2007 11:19 am
Forum: Investing - Theory, News & General
Topic: your investing philosophy in 60 secs or less
Replies: 36
Views: 16137

My Elevator Speech

. "I save as much as I can, and invest almost entirely in the total stock and bond markets through very low-cost mutual funds, mostly at Vanguard: Approximately 40% of my assets in the U.S. stock market, 20% in the international stock markets and 40% in the U.S. bond market. My portfolio is ver...
by JohnYaker
Wed May 02, 2007 3:20 pm
Forum: Personal Consumer Issues
Topic: Bogleheads Personality Type
Replies: 176
Views: 53206

Kathy wrote:INTJ. Quite common in early retire types. We can amuse ourselves without constant input of others.
Exactly! You pegged me. :-)

John
PS: Most INTJs probably don't need an expensive car or house to impress others.
by JohnYaker
Wed Apr 25, 2007 6:53 pm
Forum: Investing - Theory, News & General
Topic: TSP expenses down again
Replies: 38
Views: 13942

Amazing!

.
It's amazing and so great that government employees can invest at such a low rate as 0.03%!! Good news!

I'm also amazed that the same government can (or was) in bed with First Command, which effectively (financially) raped governmenet employees.

Both ends of the spectrum. Odd.

John
by JohnYaker
Wed Apr 25, 2007 9:30 am
Forum: Investing - Theory, News & General
Topic: Suze Orman offers "diehardish" article.
Replies: 27
Views: 11307

Re: Suze

"Or (3) as she has stated, that she has enough money now to do the things she wants to do in life. She no longer needs her investments to grow at the rate stocks would but to remain stable. Bonds are a perfect fit for someone that wants a low risk, low return investment. This is pretty much wh...
by JohnYaker
Wed Apr 25, 2007 8:21 am
Forum: Investing - Theory, News & General
Topic: Suze Orman offers "diehardish" article.
Replies: 27
Views: 11307

Suze

. Despite advising others to invest in stocks, Suze Orman owns ZERO stocks herself. She is only in her mid-fifties, with a likely 40 year planning horizon. This behavior is typical of someone who either (1) exhibits a complete lack of understanding of what diversifying investments really means, or (...
by JohnYaker
Tue Apr 24, 2007 7:53 pm
Forum: Investing - Theory, News & General
Topic: Small & Value premiums - How Big?
Replies: 28
Views: 8388

No Crystal Ball

.
It is entirely possible that the future will yield absolutely no value or small-cap premium (or even a negative premium). As investors flock (as sheep will do) to winning segments of the market, they tend to become fairly valued.

John
by JohnYaker
Tue Apr 24, 2007 2:59 pm
Forum: Personal Investments
Topic: Determing my need to take risk
Replies: 3
Views: 1638

Opportunity

Ray, My view is that once we have assured a comfortable retirement, those with a long planning horizon can afford to invest more excess assets in riskier investments (stocks) in expectation of higher long term returns. With a 40 year planning horizon, it doesn't make much sense to invest in bonds th...
by JohnYaker
Tue Apr 24, 2007 1:44 pm
Forum: Personal Investments
Topic: Help with Brother-in-law investment strategy
Replies: 14
Views: 4045

More Stocks

Jeb, With such a long planning horizon, I would consider investing more in stocks. The security of income provided by bonds come at a very high price, and risk of not meeting your goal: The real return of bonds between 1926 and 2006 was only 2.4%, compared to stocks at 7.2%. Even Vanguard's most con...
by JohnYaker
Mon Apr 23, 2007 7:48 am
Forum: Investing - Theory, News & General
Topic: not implementing what is learnt from Mr. Bogle
Replies: 26
Views: 11396

Partial Bogelheads

. It appears to me that most participants in this forum accept Bogle's teachings on low-cost and broad diversification of investments, but many seem not to accept his thinking on the specifics of asset allocation. Many think they can improve on it. Some big differences: You will not hear Jack Bogle ...
by JohnYaker
Sun Apr 22, 2007 3:05 pm
Forum: Investing - Theory, News & General
Topic: Analysis of relative diversification effects
Replies: 18
Views: 13030

Well Done!

. Well done, Robert T! Diversification value: Yes. Yield enhancement: I doubt it. The small cap and value history are so widely known (I imagine many active managers have jumped on it), I question whether there is any predictive advantage whatsoever. History does not always repeat itself. We'll see....
by JohnYaker
Sun Apr 22, 2007 1:39 pm
Forum: Personal Investments
Topic: Early Retirement Asset Allocation
Replies: 31
Views: 15651

Re: Crap Shoot...

.... You never said what your retirement portfolio consisted of. I'm probably one of the most boring investors around. :-) At age 52, wife 51, recently retired: Almost all low-cost broadly diversified index funds. No significant over-weighting of value, small-cap, REIT or any sector funds. Tax-defe...
by JohnYaker
Sun Apr 22, 2007 12:26 pm
Forum: Personal Investments
Topic: Early Retirement Asset Allocation
Replies: 31
Views: 15651

Re: Crap Shoot...

. The point is that FIREcalc only tells us historical survivability of a portfolio. The problem is that history does not always repeat itself. You have a heavily value-weighted portfolio. To the extent that you are relying on higher-than-total market returns repeating in the future, I think you have...
by JohnYaker
Sun Apr 22, 2007 11:57 am
Forum: Forum Issues and Administration
Topic: Finding old posts?
Replies: 7
Views: 4869

The URL

.
The topic number appears in the web address field on most browsers. For instance, this topic is:
http://www.diehards.org/forum/viewtopic.php?t=1960

John
by JohnYaker
Sun Apr 22, 2007 8:47 am
Forum: Personal Investments
Topic: Early Retirement Asset Allocation
Replies: 31
Views: 15651

Crap Shoot...

. Hydroman, you're right about it being a crap shoot to some extent, and you've obviously done quite a bit of good thinking on it. I like FIREcalc, but do not trust its 'slice 'n dice' answers to use in my future planning. If you use the 'total market' instead of a small or value-tilted portfolio, d...
by JohnYaker
Sat Apr 21, 2007 7:25 pm
Forum: Personal Investments
Topic: Early Retirement Asset Allocation
Replies: 31
Views: 15651

Living on the edge.

4.5% is what I am going to start with. It sounds like you made up your mind already. When I ran FIREcalc with a 45 year horizon at 4.5% withdrawal rate and 60% equities, it returned only a 59% chance of not running out of money. That's a a lot of risk. I urge you to look beyond the FIREcalc estimat...
by JohnYaker
Sat Apr 21, 2007 6:31 pm
Forum: Investing - Theory, News & General
Topic: John Bogle on Tavis Smiley tonight
Replies: 6
Views: 2548

Thanks!

Here is the transcript of the interview for those you who missed it or simply don't watch television (like me). Jack Bogle on Tavis Smiley Show Jerry Hey Jerry, NAVigator, thanks for posting the transcript. Bogle's direct words are always an inpiration. No small tilt, value tilt, reit tilt here. John
by JohnYaker
Sat Apr 21, 2007 5:01 pm
Forum: Personal Investments
Topic: Early Retirement Asset Allocation
Replies: 31
Views: 15651

4.5%

. Hydroman, 4.5% withdrawal rate at age 52 is probably a little aggressive. I just turned 52, retired, and withdrawing a maximum of 3.0% If you are planning to live another 45 years or so, you may want cut back a little in the early years. Those stem cells will be expensive. Here are few good articl...
by JohnYaker
Fri Apr 20, 2007 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Are Avatars a good thing?
Replies: 55
Views: 25311

Climber

Uhhh....it is supposed to be a climber.
I like that avatar, and only commented on some of the best ones. :-) Trying to figure out what he has in that backpack.

Seeing any picture with snow is especially nice during the hot summer months.

John
by JohnYaker
Fri Apr 20, 2007 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Are Avatars a good thing?
Replies: 55
Views: 25311

Good!

. I enjoy interpreting the avatars, though I sometimes have difficulty getting them right. John Craig's big 'G' must mean that he's close to god or something like that, so that's cool. Cb's avatar can only mean he's into physical fitness, so all power to him. Orion must have a lot of kids playing wi...
by JohnYaker
Thu Apr 19, 2007 3:54 pm
Forum: Investing - Theory, News & General
Topic: history of home values
Replies: 24
Views: 9255

Interesting

.
Interesting. Thanks for posting the trend. Puts one's actions in perspective.

John
by JohnYaker
Thu Apr 19, 2007 2:53 pm
Forum: Investing - Theory, News & General
Topic: Is there an error in annual report for TIPS fund?
Replies: 12
Views: 3696

Interest Rates

.
TIPS protects against reported inflation, but it does NOT protect against rising interest rates. Similar to other bond funds, when interest rates rise, the value of lower interest bonds in bond funds declines. This happened to the TIPS fund.

John
by JohnYaker
Thu Apr 19, 2007 10:21 am
Forum: Investing - Theory, News & General
Topic: Is there an error in annual report for TIPS fund?
Replies: 12
Views: 3696

It looks right...

. It looks right. It's referring to the one year period ended January 31, 2007. The next page shows some detail: Capital Return: -3.1% Income Return 3.5% Total Return 0.4% https://flagship.vanguard.com/VGApp/hnw/LiteratureRequest?FW_Activity=ViewOnlineActivity&litID=2210018245&FW_Event=start...
by JohnYaker
Thu Apr 19, 2007 7:42 am
Forum: Investing - Theory, News & General
Topic: Bogle on Value index investing?
Replies: 13
Views: 4714

From the article Alec referenced:

.
"One of the problems, in my judgment, with value weighting in general and dividend weighting in particular, is that sometimes it wins and sometimes it doesn't." -John C Bogle
by JohnYaker
Wed Apr 18, 2007 6:40 pm
Forum: Forum Issues and Administration
Topic: Logo: Is that it?
Replies: 95
Views: 59471

My Opinion

.
The bobblehead logo looked too much like a book cover. I like this one, as posted by others:

Image

John
by JohnYaker
Wed Apr 18, 2007 9:31 am
Forum: Investing - Theory, News & General
Topic: Interesting Report on Wealth in the U.S.
Replies: 4
Views: 2590

Interpretation

. My guess is that the households in the top line on the above chart are heavily invested in stocks, as tnlsea suggested. The higher net worth households (bottom lines) probably have proportionately less stocks in their total assets. Maybe the high net worth households didn't invest as heavily in do...
by JohnYaker
Tue Apr 17, 2007 6:01 pm
Forum: Investing - Theory, News & General
Topic: Interesting Report on Wealth in the U.S.
Replies: 4
Views: 2590

Interesting Report on Wealth in the U.S.

. A survey by Spectrem Group found that there are more than 1 million U.S. households with more than $5 million in net worth (excluding residence). In 1996, only 250,000 met the criteria. Among the key findings: * For the first time, the number of households with $5MM+ Net Worth, Not Including Prima...
by JohnYaker
Mon Apr 16, 2007 5:33 pm
Forum: Investing - Theory, News & General
Topic: Portfolio Shift - from Accumulate to Withdrawl
Replies: 19
Views: 7971

Need Equities

Bob, It's a tough balance between portfolio stability and getting the most from retirement savings. Most studies on retirement spending find that the survivability of a long-term retirement portfolio suffers when equities drop much below 50%. If you're risk averse (like me), I recommend staying out ...
by JohnYaker
Mon Apr 16, 2007 9:45 am
Forum: Investing - Theory, News & General
Topic: Quick SWR question
Replies: 12
Views: 4032

Rules and Reality

. The 4% SWR is a reasonable estimate for a 65 year old retiree to use to measure whether she has enough money to stop working. However, there are far better rules to use during retirment to determine a good withdrawal amount. Can you imagine someone 20 years into retirement calculating the current ...