Search found 878 matches

by Independent George
Wed Aug 03, 2016 11:42 am
Forum: Personal Finance (Not Investing)
Topic: daves ramsey new ELPs [Endorsed Local Providers]
Replies: 37
Views: 4976

Re: daves ramsey new ELPs

Damn. I actually liked Ramsey because he gave sensible advice that people with poor financial sense could actually follow. Pushing those same people to these hacks... I think significantly less of him now.
by Independent George
Wed Aug 03, 2016 10:13 am
Forum: Personal Finance (Not Investing)
Topic: How much to put down on our next house?
Replies: 34
Views: 3237

Re: How much to put down on our next house?

I don't like counting Roth IRA balances or credit card limits as even a last line of defense. I think that's why everybody is so keen on you paying off your loans and increasing your emergency fund as a first priority - you really, really, really don't want to touch either of those things, and the a...
by Independent George
Wed Aug 03, 2016 10:00 am
Forum: Investing - Theory, News & General
Topic: The power of investing early VS. Dollar cost averaging
Replies: 29
Views: 4085

Re: The power of investing early VS. Dollar cost averaging

To position your investments for a greater expectation of return it will be necessary to experience greater gyrations. You were investing in things that exceeded your risk tolerance. People who opt for DCA are often really dealing with trying to take too much risk. Right, but there really shouldn't...
by Independent George
Wed Aug 03, 2016 9:31 am
Forum: Investing - Theory, News & General
Topic: The power of investing early VS. Dollar cost averaging
Replies: 29
Views: 4085

Re: The power of investing early VS. Dollar cost averaging

Over the long haul, they should probably perform about the same, but I would guess that lump-sum contributions will tend to be more volatile just because you have 1/12th (or 1/24th or 1/52nd) the number of data points for prices to fluctuate over. I used to contribute in January using my prior-year ...
by Independent George
Tue Aug 02, 2016 5:22 pm
Forum: Investing - Theory, News & General
Topic: Decided to try timing the market. 100% short on 9/17/15
Replies: 361
Views: 69967

Re: Decided to try timing the market. 100% short on 9/17/15

Can anyone calculate a net result based on the OP's strategy? I just don't understand the temptation, when Mr.Bogle's strategy pretty much guarantees success in the long run, and at the same time allows you to spend your time and energy on far more interesting and important things than stocks. I'll ...
by Independent George
Thu Jul 28, 2016 5:41 pm
Forum: Investing - Theory, News & General
Topic: Revisiting Dr. Bernstein on REITs
Replies: 30
Views: 6052

Re: Revisiting Dr. Bernstein on REITs

Isn't the Boglehead answer that: 1. Who cares about 3-years of returns? I'm in it for the long haul 2. A big gain also means there's an even longer way to fall. 3. The decision to buy or sell REITS should be based on your asset allocation, not their projected returns I've got got REITs in my portfol...
by Independent George
Thu Jul 28, 2016 5:32 pm
Forum: Investing - Theory, News & General
Topic: How can markets keep going up ?
Replies: 131
Views: 16121

Re: How can markets keep going up ?

All economic growth fundamentally comes down to productivity growth. It takes less inputs (energy, labor, capital) to grow X tons of food on Y acres than it did 100 years ago. Technology allows a single administrative assistant can do the work that once required an entire office staff. Arthroscopic ...
by Independent George
Thu Jul 28, 2016 5:18 pm
Forum: Investing - Theory, News & General
Topic: Dividend stocks or real estate rental
Replies: 51
Views: 9469

Re: Dividend stocks or real estate rental

1. I imagine most people on these forums would never invest that much money in individual stocks. There are 'safer'* alternatives with decent yields. Wellesley/Wellington immediately come to mind. 2. Real estate markets tend to be very local, but from what I've seen, being a landlord is as volatile ...
by Independent George
Tue Jul 26, 2016 10:48 am
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 193
Views: 25902

Re: How many folks choose to give inheritance to their children in unequal portions?

I'll add myself to the chorus saying to divide equally. I'm in the opposite situation - my parents are in their mid-70s, and while I do alright for myself, my brother earns far more than I do and has a net worth several times that of myself. I would not accept anything other than an equal inheritanc...
by Independent George
Wed Jul 20, 2016 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 45206

Re: Where were you financially when you were at 30?

I was in great shape at age 30. Then I got a mortgage at age 31, which is not terrible, but still decidedly unwise.
by Independent George
Wed Jun 29, 2016 4:56 pm
Forum: Personal Consumer Issues
Topic: Best martial arts for kids fitness?
Replies: 28
Views: 2967

Re: Best martial arts for kids fitness?

As far as practical effectiveness, one of my Krav Maga instructors said that best style is the one you actually practice at. You need to cross-train to learn to defend against different techniques (especially grappling), but strikes in Tae Kwan Do are no more or less effective than the ones in muay ...
by Independent George
Mon Jun 27, 2016 1:30 pm
Forum: Investing - Theory, News & General
Topic: Plunge and Panic-Do You Get It Now?
Replies: 108
Views: 17035

Re: Plunge and Panic-Do You Get It Now?

I'm considering buying $500 worth of Barclay's (BCS) in my 'fun' account right now. This is a pure speculation/entertainment - think of it as the equivalent of putting some money on a football game. While obviously I'd like to make money on it, I have no expectation to do so, and can afford to eat a...
by Independent George
Mon Jun 27, 2016 12:26 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Total International] ETF currently down 7.09% - Time to sell?
Replies: 39
Views: 7818

Re: [Vanguard Total International] ETF currently down 7.09% - Time to sell?

It's neither the time to buy or sell. It's time to stay diversified and stick to your investment plan. I understand the urge to buy cheap (especially since the fundamentals are exactly the same last week compared to this week), but there's no guarantee that international won't continue to fall, or t...
by Independent George
Mon Jun 27, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: Online Mattress Company Reviews
Replies: 59
Views: 12340

Re: Online Mattress Company Reviews

Which Tempurpedic model did you get? I had a Tempurpedic many years ago but I slept too hot. The newer Tempurpedics claim they sleep cooler. How do you like yours? Heat will likely still be an issue for you if you like a firmer mattress. I have the Tempur-contour supreme - that is their firmest mod...
by Independent George
Mon Jun 27, 2016 11:04 am
Forum: Personal Consumer Issues
Topic: I need a new mattress. Memory foam?
Replies: 53
Views: 6359

Re: I need a new mattress. Memory foam?

The thing about memory foam is that it has to be customized to the individual, and is very sensitive to your sleeping position. So a foam mattress that is great for someone who likes it very firm and sleeps on his back will be terrible for a spouse that likes it plush and sleeps on her side. That's ...
by Independent George
Mon Jun 27, 2016 10:54 am
Forum: Personal Consumer Issues
Topic: Online Mattress Company Reviews
Replies: 59
Views: 12340

Re: Online Mattress Company Reviews

Reviews can only go so far on something as subjective as mattresses; do not buy unless you have a chance to try it out in a showroom, and then comparing it to its competitors. A money-back guarantee just means you'll be going without a mattress for a few weeks after they take it back and you're cont...
by Independent George
Mon Jun 27, 2016 10:33 am
Forum: Investing - Theory, News & General
Topic: Why You Should Question “Buy And Hold” Advice
Replies: 24
Views: 4810

Re: Why You Should Question “Buy And Hold” Advice

I'll echo what everybody else is saying - he's actually 100% right about equity risks, and I'm temperamentally inclined to be bearish, but it's what he's leaving out that's most telling. Namely: what is their record for picking winners and losers against the market? How does their advice compare aga...
by Independent George
Mon Jun 27, 2016 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Dogs scratched my car on country road
Replies: 27
Views: 3836

Re: Dogs scratched my car on country road

I have no idea who to report to, but my two biggest concerns right now are:

1. Those dogs are going to maul some poor sap walking by.
2. Those dogs are going to get run over.

I'd wager that the owner doesn't really care about either, but will nevertheless blame whoever it is that it happens to.
by Independent George
Thu Jun 23, 2016 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Simplifying paying bills
Replies: 39
Views: 5362

Re: Simplifying paying bills

I try to pay annually whenever possible (such as with homeowner's insurance); otherwise, I agree with everyone who said that autopay works out better than trying to estimate a variable expense at the start of the year and then reconciling at the end.
by Independent George
Thu Jun 23, 2016 11:55 am
Forum: Investing - Theory, News & General
Topic: pension plans turn to hedge funds to meet goals
Replies: 5
Views: 914

Re: pension plans turn to hedge funds to meet goals

I'd say this is more a problem with any defined benefit plan; one can legally require an institution to make a certain amount of distributions, but it's impossible to legally mandate them earning the returns to support it. They will therefore chase yields and take greater risks in order to pursue it.
by Independent George
Thu Jun 23, 2016 11:36 am
Forum: Investing - Theory, News & General
Topic: Overcoming the Urge to Beat the Market.
Replies: 56
Views: 7820

Re: Overcoming the Urge to Beat the Market.

How did I learn? The hard way, of course. My hare-brained market timing schemes led me to several years of consistently poor performance. So I took stock of my actions, did a little light reading, slapped myself (figuratively) a few times, then went to Vanguard. As a result, I've been much, much hap...
by Independent George
Wed Jun 01, 2016 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Any problems with netspend
Replies: 63
Views: 12620

Re: Any problems with netspend

Well crap - just as I got through shifting my money around. At a 1k limit, it's just not worth the hassle to me anymore. I'll close my accounts down on 7/1.
by Independent George
Tue May 24, 2016 9:49 am
Forum: Personal Finance (Not Investing)
Topic: [Deleted]
Replies: 43
Views: 3597

Re: Should I buy a house?

Don't get caught up in rising home prices; that was the single greatest misstep in my financial lifetime, and I was way better off than most. Rent is absolutely not throwing money away, especially for the modest rent you're paying right now. If you get a mortgage, you'd still paying rent, except tha...
by Independent George
Tue May 24, 2016 9:09 am
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 251
Views: 44086

Re: Is there a such thing as a blue collar Boglehead?

Not blue collar, but very much in the middle class. My Mom was a nurse, my Dad sold real estate, and we lived in very much a working class neighborhood. No inheritance, but my parents did pay for most of college outside of ~20k in Stafford loans (for which I am very grateful). It's only $10,000. It ...
by Independent George
Tue May 24, 2016 8:39 am
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 213
Views: 38864

Re: guaranteed 5% vs stocks?

Since the 5% doesn't compound if you're maxed out, what's the real rate of return on the Netspend accounts for, say, five years, if you sweep the Netspend interest into a 1% savings account as it's paid quarterly?
by Independent George
Tue May 24, 2016 8:30 am
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 433
Views: 94796

Re: What age did you reach 100K networth?

31. Then we bought our house... Ha! Almost the exact same thing happened to me. I cleared 100k sometime in my late twenties, got a mortgage, then lost about 65% of my net worth within a year. Fortunately, I didn't panic, kept at it, and have gradually recovered like a good Boglehead. I'm still down...
by Independent George
Thu May 19, 2016 1:20 pm
Forum: Investing - Theory, News & General
Topic: Overconfident Investors, Predictable Returns, and Excessive Trading
Replies: 10
Views: 1983

Re: Overconfident Investors, Predictable Returns, and Excessive Trading

So, to paraphrase my namesake... "Just do the opposite of whatever my instincts tell me to do".
by Independent George
Thu May 19, 2016 9:03 am
Forum: Personal Consumer Issues
Topic: Emergency Preparedness
Replies: 75
Views: 9458

Re: Emergency Preparedness

IIRC, one of the tenets for surivivalists is multi-function. A shovel could do that and much more. Not if you live in the city; the bucket is a multitasker. Line it with a trash bag, then take your waste outside hygienically at your convenience. Use kitty litter if you're forced inside by weather, ...
by Independent George
Wed May 18, 2016 10:44 am
Forum: Personal Consumer Issues
Topic: Emergency Preparedness
Replies: 75
Views: 9458

Re: Emergency Preparedness

What about a camping toilet? If there's no power, might not be any water pressure, either.
by Independent George
Tue May 17, 2016 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off credit card, or save for mortgage?
Replies: 14
Views: 1565

Re: Pay off credit card, or save for mortgage?

Pay off the credit card first. What good is saving for a reserve if you're still paying 13% or more on your credit card? Worst case scenario, you'll need to charge debt right back on to your credit card, and you're no worse off than before. In every other scenario, you'll be saving on the interest p...
by Independent George
Mon May 16, 2016 10:48 am
Forum: Personal Consumer Issues
Topic: Formal Dinnerware
Replies: 82
Views: 8007

Re: Formal Dinnerware

This is clearly late, but for anyone new to reading this thread, my advice is to check a restaurant supply store; their goods are generally extremely durable, easy to clean/service, and moderately priced. There is at least one in almost every region of the country (though they may not have a retail ...
by Independent George
Mon May 16, 2016 10:07 am
Forum: Investing - Theory, News & General
Topic: Are Target Retirement Funds More Resistant to Panic Selling?
Replies: 23
Views: 3110

Re: Are Target Retirement Funds More Resistant to Panic Selling?

I don't think it's anything inherent to the fund, but self-selection. The people who put money into Target Funds (such as myself) mostly do so as a barrier against their own tendency to tinker with their allocation.
by Independent George
Mon May 16, 2016 9:26 am
Forum: Personal Finance (Not Investing)
Topic: "Don't you dare figure it out on your own!"
Replies: 38
Views: 9115

Re: "Don't you dare figure it out on your own!"

My thoughts. 1. There is indeed a use for financial planners, particularly when it comes to tax planning and transitioning/consolidating your accounts. 2. Hourly is typically better than the fee-based planners. 3. I am immediately very, very skeptical of anyone who talks about gaming the system by m...
by Independent George
Mon May 16, 2016 9:01 am
Forum: Personal Finance (Not Investing)
Topic: That moment of panic...
Replies: 39
Views: 9741

Re: That moment of panic...

Achelois wrote:I never worried about any of this.

Until now.

Thanks, guys.

:)
Paranoia is a lifestyle choice I'm always happy to share.
by Independent George
Wed May 11, 2016 4:08 pm
Forum: Investing - Theory, News & General
Topic: NY Times article on the "tip of the iceberg" that is Puerto Rico
Replies: 76
Views: 15664

Re: NY Times article on the "tip of the iceberg" that is Puerto Rico

Here's the latest news from my own city: Emanuel keeps Wall Street waiting on pension overhaul IL is unique in that public pensions are guaranteed by the state constitution, which makes cuts in benefits impossible short of a constitutional convention. Emanuel's initial pension fix — approved by the ...
by Independent George
Tue May 10, 2016 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: What advice (about anything) would you give your 30-35 year old self?
Replies: 29
Views: 4923

Re: What advice (about anything) would you give your 30-35 year old self?

Don't get caught up in property mania. Renting is not necessarily throwing money away. A 15-year mortgage is superior to a 30-year; if you can't afford one, then keep renting and saving until you can.
by Independent George
Mon May 09, 2016 8:54 am
Forum: Personal Finance (Not Investing)
Topic: That moment of panic...
Replies: 39
Views: 9741

Re: That moment of panic...

Hey, I'm from an immigrant family. I grew up keeping cash hidden around the house, and nothing short of an image of Jack Bogle appearing on my fridge will convince me to repent my ways and move that cash into VTSAX. Seriously, though, while a banking collapse is an the very low-probability/very high...
by Independent George
Thu May 05, 2016 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: That moment of panic...
Replies: 39
Views: 9741

Re: That moment of panic...

It's not paranoia if the really are out to get you. But didn't you feel a little extra tinge of paranoia (panic?) when lifesoft told of his experience? Oh, yes, absolutely. I still keep a good amount of cash split between a fireproof safe and a secret hiding spot at home, and even after consolidati...
by Independent George
Thu May 05, 2016 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: I'm now debt free and...
Replies: 37
Views: 6798

Re: I'm now debt free and...

Why couldn't you stay that way? What happened? Paid off my student loans in 2003. By 2007, I was drunk with capital and decided to get a mortgage. I'm still in the black, and am perfectly happy in my condo, but in retrospect, I wish I'd stayed liquid and purchased in cash (or at least got a 15-year...
by Independent George
Thu May 05, 2016 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: I'm now debt free and...
Replies: 37
Views: 6798

Re: I'm now debt free and...

Congratulations.

I was debt free from 2003 to 2007. I really wish I'd stayed that way...
by Independent George
Thu May 05, 2016 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: That moment of panic...
Replies: 39
Views: 9741

Re: That moment of panic...

I don't know why you don't feel such panic at the idea that all your money is in bits and bytes at various remote data centers about which you know nothing... Where they are, how well they are run, backup and security procedures, etc. It's not panic if it's chronic; panic implies a acute condition ...
by Independent George
Thu May 05, 2016 10:11 am
Forum: Personal Finance (Not Investing)
Topic: That moment of panic...
Replies: 39
Views: 9741

That moment of panic...

...after your money is debited from one account, but before it is credited to the other. I hates them. I'm in the middle of re-organizing my cash, so I have about 15k of electrons in limbo right now as I consolidate accounts. Even though I've got both a pdf and hard copy of the transfer confirmation...
by Independent George
Wed May 04, 2016 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Sue your employer over 401k
Replies: 26
Views: 4799

Re: Sue your employer over 401k

I'm not saying they should be sued in such cases, but it seems like they are being sued in such cases. For instance, according to http://money.cnn.com/2014/08/18/retirement/fidelity-lawsuits/ it seems like the company was sued in spite of having a 0.05% index fund, perhaps because the vast majority...
by Independent George
Tue May 03, 2016 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Sue your employer over 401k
Replies: 26
Views: 4799

Re: Sue your employer over 401k

These lawsuits tend to target larger businesses. They may not be of too much help for the employees of smaller business (which may not have deep enough pockets to be worth suing) even though 401K plans of smaller businesses often have the highest fees. But if the larger businesses tend to have lowe...
by Independent George
Tue May 03, 2016 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Why do these products exist?
Replies: 10
Views: 2551

Why do these products exist?

So I've been considering moving some of my savings into some rolling 18-month CDs at Ally, when I noticed that quite a few of their short-term CDs offer lower yields than their online savings account (1%). Everything I know about economics says that these shouldn't exist (at least, not at the same b...
by Independent George
Mon May 02, 2016 2:25 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 935
Views: 176550

Re: Boglehead Beer

Pfeh. A True Boglehead would insist on taking all the beer in his fridge and mix them all together into a single Beer Index*.

*If you should decide to do this to prove your bon fides, please be sure to take pictures afterwards :sharebeer
by Independent George
Mon May 02, 2016 2:14 pm
Forum: Personal Consumer Issues
Topic: Bogleheads like PC Gaming?
Replies: 40
Views: 5820

Re: Bogleheads like PC Gaming?

In case anyone was wondering you can build your own computer fairly easily and much more cheaply than buying one pre-made for gaming. There's a website that can let you build a computer with all the major components listed and it automatically updates the lists to eliminate components that won't wo...
by Independent George
Mon May 02, 2016 2:07 pm
Forum: Investing - Theory, News & General
Topic: International Funds Worth it?
Replies: 52
Views: 10589

Re: International Funds Worth it?

I'm over-allocated in international partly by design, and partly by accident. The design part is that I figure that if the US economy outperforms the rest of the world, my US income will probably reflect that. If it under-performs, my international portfolio will reflect that. In the long term, it s...
by Independent George
Mon May 02, 2016 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Sue your employer over 401k
Replies: 26
Views: 4799

Re: Sue your employer over 401k

This is why many high fee 401k plans include a cheap-ish 500 Index fund. It's only there so they can say there's a low-cost option, so you can't sue. And really, I think that should be enough. If a 401k does have a few cheap indexes available, does it matter how expensive the actively managed funds...