Search found 470 matches

by PhilosophyAndrew
Wed Jun 27, 2018 10:09 am
Forum: Investing - Theory, News & General
Topic: When does purchasing equities lose its marginal utility?
Replies: 48
Views: 2814

Re: When does purchasing equities lose its marginal utility?

OP, what form of utility are you referring to? If your confidence is well-placed, then your equity allocation is irrelevant for your financial future. In this case, perhaps you ought to be reflecting on the forms of decumulatuon that might make you happiest, for example increasing consumption or cha...
by PhilosophyAndrew
Wed Jun 27, 2018 8:27 am
Forum: Investing - Theory, News & General
Topic: You Can Market Time At Valuation Extremes
Replies: 128
Views: 13631

Re: You Can Market Time At Valuation Extremes

One can market time whenever one wishes. But can one reliably identify the valuations that justify leaving and entering the market? If so, that’s super. If not, the theoretical possibility of market timing likely carries more harm than value as investors try to market time and fail because they can’...
by PhilosophyAndrew
Wed Jun 27, 2018 7:56 am
Forum: Personal Consumer Issues
Topic: those with whole home generators: who installed it?
Replies: 28
Views: 2155

Re: those with whole home generators: who installed it?

what the possibility of complete black out? 0.001%. Now need of whole house generator. A portable inverter Honda generator, a couple of south facing solar panels should be enough. If you only lose power 5 minutes per year on average with no long outages (99.999% uptime), purchasing a genertaor of a...
by PhilosophyAndrew
Wed Jun 27, 2018 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Lost out on promotion
Replies: 104
Views: 11413

Re: Lost out on promotion

Can I go tell my boss that I feel used? He had already made up his mind about hiring Carlos. He used me to show to his colleagues that Carlos was chosen amongst multiple applicants. It was a sham interview. He said my interview went really well and my technical skills are unmatched, but he hasn't s...
by PhilosophyAndrew
Wed Jun 27, 2018 6:34 am
Forum: Personal Investments
Topic: Mobile deposit of Rollover Check
Replies: 15
Views: 1322

Re: Mobile deposit of Rollover Check

I hate mailing checks as it feels like my money is "in the ether" far more than with an electronic transfer. But it seems plausible that Schwab or other custodians would not support much less common use cases (rollover check) in their apps. We certainly get used to electronic submission of nearly e...
by PhilosophyAndrew
Wed Jun 27, 2018 6:26 am
Forum: Personal Finance (Not Investing)
Topic: $1 million house--- sanity check
Replies: 104
Views: 13000

Re: $1 million house--- sanity check

OP, I don’t recommend the emergence of a “deal” change your prior decision about when to purchase your first house. Instead, I would continue building your career, saving money, and paying off your debt. I believe deferring this large purchase is appropriate for two reasons First, your careers may n...
by PhilosophyAndrew
Tue Jun 26, 2018 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: $1 million house--- sanity check
Replies: 104
Views: 13000

Re: $1 million house--- sanity check

From experience, 3000 sq ft is too big for four. This is a highly personal matter, and one that is likely highly variable in the sense that many of us could probably adapt just fine to a wide variety of house sizes. My family’s house is 2,800 square feet for three humans and three pets. My wife and...
by PhilosophyAndrew
Tue Jun 26, 2018 10:14 pm
Forum: Personal Consumer Issues
Topic: university admission issue
Replies: 27
Views: 3375

Re: university admission issue

OP, what can be done by the University depends, in part, on whether admitting this applicant would violate accreditation policies or state or federal legal requirements. For example, if the pre-requisite in question is possessing an earned bachelor’s degree in a relevant field of study, then admissi...
by PhilosophyAndrew
Tue Jun 26, 2018 6:31 pm
Forum: Personal Consumer Issues
Topic: those with whole home generators: who installed it?
Replies: 28
Views: 2155

Re: those with whole home generators: who installed it?

An electrician who was an authorized dealer sold, installed, and maintains our whole-house generator, which has worked as expected since 2013. Ours is a Generac 20kw air-cooled model. I mainly use Angie’s List reviews for selecting comp irs to bid. I think that the company we used was priced in the ...
by PhilosophyAndrew
Tue Jun 26, 2018 6:26 pm
Forum: Personal Consumer Issues
Topic: Family dynamics/in laws/am I being petty?
Replies: 143
Views: 8128

Re: Family dynamics/in laws/am I being petty?

I avoid going to dinners with my BIL/SIL because they are not Bogleheads and not frugal in the least. I've steered them to restaurants that have a 1/2 price bottle of wine night. They said it was a great opportunity to try a more expensive wine than we would normally get and that was after ordering...
by PhilosophyAndrew
Tue Jun 26, 2018 6:15 pm
Forum: Personal Consumer Issues
Topic: Dual king mattress
Replies: 14
Views: 1677

Re: Dual king mattress

Trism wrote:
Tue Jun 26, 2018 6:00 pm
I lost 40 pounds and no longer snore.
+1. Losing excess weight has been the only snoring remedy that has worked for me.

Andy.
by PhilosophyAndrew
Tue Jun 26, 2018 2:15 pm
Forum: Personal Consumer Issues
Topic: Family dynamics/in laws/am I being petty?
Replies: 143
Views: 8128

Re: Family dynamics/in laws/am I being petty?

OP, I think you are being short-sighted. It is in your power to decide whether to let this behavior bother you or not, and it is in your interest to focus on experiencing positive versus negative emotionality. You report that the money involved is insignificant to you, but find yourself feeling rese...
by PhilosophyAndrew
Mon Jun 25, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Charity giving how much? How much do other retirees give?
Replies: 44
Views: 4343

Re: Charity giving how much? How much do other retirees give?

We use a DAF to donate around $12,000 per year total to several social welfare and educational organizations. It feels nice to help groups and schools we value.

Andy.
by PhilosophyAndrew
Mon Jun 25, 2018 7:22 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2538
Views: 1615457

Re: The Three-Fund Portfolio

I ordered the book and look forward to it. I wonder how tax-free bonds are treated/suggested. The Three Fund Portfolio, as often referred to here, seems to ignore large taxable portfolios. These, I think, would probably be better served by a tax-free muni bond fund rather than Vanguard Total Bond M...
by PhilosophyAndrew
Sun Jun 24, 2018 3:46 pm
Forum: Personal Consumer Issues
Topic: Best book to read before buying a house?
Replies: 6
Views: 788

Re: Best book to read before buying a house?

So I've finally reached the stage in life that has me thinking about buying a home. Thanks to BH, I know quite a bit about personal finance, but very little about buying a home! Any recommendations on a book to read that will help avoid any pitfalls? It's a personal home, not an investment property...
by PhilosophyAndrew
Sun Jun 24, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Dual king mattress
Replies: 14
Views: 1677

Re: Dual king mattress

We have a split king mattress. The gap between the two halves is insignificantly small. My wife has never adjusted her side of the bed; I’ve come to like the “Zero G” position (both head and feet elevated) for reading and sleeping. Overall, it was an excellent upgrade from our former traditional que...
by PhilosophyAndrew
Sat Jun 23, 2018 11:05 am
Forum: Personal Investments
Topic: Help a 'Three Funder' Allocate Inherited IRA
Replies: 10
Views: 1253

Re: Help a 'Three Funder' Allocate Inherited IRA

OP, why are you considering changing your asset allocations? If you have made a principled decision to change your allocations, invest ayour entire portfolio according to your new allocations. If you do not change your allocations, then invest your entire portfolio according to your current allocati...
by PhilosophyAndrew
Fri Jun 22, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes from dividends getting high.. how to handle?
Replies: 24
Views: 3053

Re: Taxes from dividends getting high.. how to handle?

OP, will your tax-deferred investments provide for your retirement and other needs? If so, you could transfer the taxable assets to a DAF to fund your charitable giving. If you are mainly concerned with avoiding excessive dividend income growth, you could donate enough assets to a DAF to keep that i...
by PhilosophyAndrew
Thu Jun 21, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: Does an IPS really need to be 5 pages long to be valuable?
Replies: 64
Views: 4027

Re: Does an IPS really need to be 5 pages long to be valuable?

Mine is a single paragraph.

I can understand the need for a more detailed “death book” document providing many more specific details for heirs or executors, but my investment policy statement is short because my investment policy is simple.

Andy.
by PhilosophyAndrew
Tue Jun 19, 2018 6:30 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3847
Views: 1106598

Re: What Book Are You Currently Reading? Part VI

Stalin: New Biography of a Dictator by Oleg Khlevniuk.

My current non-fiction reading interest is the history of the Soviet Union. I’m working backwards in time, after first having read William Taubman’s excellent biographies of Gorbachev and Krushchev.

Andy.
by PhilosophyAndrew
Tue Jun 19, 2018 2:43 pm
Forum: Personal Consumer Issues
Topic: Road trip Pennsylvania,Maryland,and DC
Replies: 97
Views: 6155

Re: Road trip Pennsylvania,Maryland,and DC

Be very careful if you venture into the Inner Harbor area of Baltimore. If you want to see the national aquarium, do so only in daylight and stay within crowds. Be gone by dark. Crime is terrible in that area, tourists are targeted, there have been stabbing deaths. Due to the political mess, the po...
by PhilosophyAndrew
Mon Jun 18, 2018 11:33 pm
Forum: Personal Consumer Issues
Topic: Road trip Pennsylvania,Maryland,and DC
Replies: 97
Views: 6155

Re: Road trip Pennsylvania,Maryland,and DC

I second the recommendation to visit Gettysburg National Military Park, especially if you can hire a licensed guide — they are outstanding in my experience.

http://gettysburgtourguides.org/

Andy.
by PhilosophyAndrew
Thu Jun 14, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 109
Views: 11078

Re: I was rear ended and the other guy wants a payout!

I do not believe I'm at fault in this case, but whatever the outcome, what really upsets me is people who fake injuries in order to maximize accident settlements. There is no way this guy was legitimately injured in this accident. On what basis do you make this claim? Presumably you have not see hi...
by PhilosophyAndrew
Wed Jun 13, 2018 1:12 pm
Forum: Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 113
Views: 24124

Re: Who uses the 3 fund portfolio ?

I now use a three-fund portfolio after several decades investing in a one-fund portfolio consisting of VTSAX. Why the transition? Reading the massive Three Fund Portfolio thread convinced me me that — as I entered my 50s — there was value in diversifying my holdings with bonds and international equ...
by PhilosophyAndrew
Tue Jun 12, 2018 3:58 pm
Forum: Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 113
Views: 24124

Re: Who uses the 3 fund portfolio ?

I now use a three-fund portfolio after several decades investing in a one-fund portfolio consisting of VTSAX.

Andy.
by PhilosophyAndrew
Tue Jun 12, 2018 12:46 pm
Forum: Personal Investments
Topic: Paying off a mortgage: Incentivized by new tax law?
Replies: 17
Views: 1866

Re: Paying off a mortgage: Incentivized by new tax law?

Yes, I agree. If I were in OP’s shoes, I would work to pay off the mortgage.

There are also nice psychological benefits of having a paid off house!

Andy.
by PhilosophyAndrew
Tue Jun 12, 2018 11:45 am
Forum: Personal Investments
Topic: Paying off a mortgage: Incentivized by new tax law?
Replies: 17
Views: 1866

Re: Paying off a mortgage: Incentivized by new tax law?

Paying off your mortgage is not a guaranteed 4% real return — the return is nominal, and will become less significant wirh inflation.

Andy.
by PhilosophyAndrew
Mon Jun 11, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: death certificates...hospice and 911
Replies: 32
Views: 3297

Re: death certificates...hospice and 911

My Dad died during home hospice. His primary care physician — who also owned the hospice company he used — was present when he died and called the funeral home to pick up his body. The doctor competed and signed the death certificate, the state issued it, and the funeral home had twenty copies for m...
by PhilosophyAndrew
Mon Jun 11, 2018 5:08 pm
Forum: Personal Investments
Topic: Strategy for a prolonged bear market
Replies: 65
Views: 6756

Re: Strategy for a prolonged bear market

No Plan B. Fully committed to Plan A - “stay the course and rebalance by directing funds to the decreased asset” as specified in my IPS. Why complicate matters? Plan A should meet my investing needs. That said, I will reduce discretionary spending as I deem appropriate during the remaining bear mark...
by PhilosophyAndrew
Sun Jun 10, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 11990

Re: Why do we work?

I could retire, but enjoy working as a college professor because this work keeps me intellectually stimulated and helps me to continue to learn and to grow. I also view this work as socially progressive and enjoy helping others to achieve sophisticated learning. As I’ve gotten older and rescued fina...
by PhilosophyAndrew
Thu Jun 07, 2018 8:46 pm
Forum: Personal Consumer Issues
Topic: daughter wants a college transfer?
Replies: 65
Views: 5888

Re: daughter wants a college transfer?

OP, I don’t think this is a matter for evaluating reasons and assessing arguments. Rather, I think the crucial issue is your evaluation of exactly, first, how unhappy your daughter is and, second, how likely her unhappiness is to compromise the remainder of her college education. If she is unhappy e...
by PhilosophyAndrew
Thu Jun 07, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Tesla Autopilot, worth it?
Replies: 113
Views: 9608

Re: Tesla Autopilot, worth it?

I wish that Tesla and Mercedes would offer the adaptive cruise control separately, but I understand why they want to bundle it in an expensive package. Andy. I wanted the mythical unicorn called Full Self Drive so to get that I needed EAP. Now I just wish I passed on both. Fixed speed cruise contro...
by PhilosophyAndrew
Thu Jun 07, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: Tesla Autopilot, worth it?
Replies: 113
Views: 9608

Re: Tesla Autopilot, worth it?

Do you think $5,000 is a bit much for just TACC? To each his own. It could be worse: My Mercedes required a $9,000 option package to receive adaptive cruise control. That package also gave it auto steering, auto lane change, enhanced emergency breaking for cross traffic, upgraded seats, upgraded so...
by PhilosophyAndrew
Thu Jun 07, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 123320

Re: To take or not to take delivery of Tesla 3

Our main concerns whether we would like the car and whether Tesla the company will survive to service it. So far we love the car and have no idea how the company will fare. Andy. With GM filing bankruptcy in 2009 anything is possible. But even in 2009 Tesla survived (just barely). I think they have...
by PhilosophyAndrew
Thu Jun 07, 2018 11:59 am
Forum: Personal Consumer Issues
Topic: Tesla Autopilot, worth it?
Replies: 113
Views: 9608

Re: Tesla Autopilot, worth it?

Until peer-reviewed studies are published, we won’t know much about the safety of these systems; I agree that anecdotal and journalistic reports are not particularly useful, and of course marketing claims should be assessed accordingly. So, this means the decision to use or purchase this technology ...
by PhilosophyAndrew
Thu Jun 07, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 16196

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

As I've said multiple times, he can go to law school and spend the rest of his life publishing law review articles. Do you really think this is plausible? I'm just curious....In other academic disciplines I think you would be hard pressed to get published in a good academic journal if you weren't a...
by PhilosophyAndrew
Wed Jun 06, 2018 8:56 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 123320

Re: To take or not to take delivery of Tesla 3

I suspect many of you are probably facing the same dilemma. I would love to know what is your plan of action on taking delivery of Tesla Model 3. My wife’s Model 3’s net cost, including taxes and fees, will be $43,500 after federal and state incentives. We wanted the larger battery and are happy wi...
by PhilosophyAndrew
Tue Jun 05, 2018 6:15 pm
Forum: Personal Investments
Topic: Should I put some money aside in money market for market correction
Replies: 94
Views: 8591

Re: Should I put some money aside in money market for market correction

But no need to go to great lengths to convince or impress. People see what they believe, not believe what they see. Anyway, once or twice (or just market investments) did not get me to a NW of $10M at 45, LOL! My successful investments are multi-pronged. Stat check: It only took until your 6th post...
by PhilosophyAndrew
Tue Jun 05, 2018 12:18 pm
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 5655

Re: Best case to convert a Bogle skeptic?

Yes, leave it be, but what I find amazing is your father (a former professional in the investing business) does not seem to realize the impact of high costs. :shock: -OR- He does know, but is loyal to his employer. :?: Paul Or he simply disagrees with the Boglehead critique of his former career. Gi...
by PhilosophyAndrew
Tue Jun 05, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 5655

Re: Best case to convert a Bogle skeptic?

Yes, leave it be, but what I find amazing is your father (a former professional in the investing business) does not seem to realize the impact of high costs. :shock: -OR- He does know, but is loyal to his employer. :?: Paul Or he simply disagrees with the Boglehead critique of his former career. I ...
by PhilosophyAndrew
Tue Jun 05, 2018 3:19 am
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 16196

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

OP, about teaching law: After a career in higher education (not in legal education), my sense is that search committes for tenure track jobs would likely not hire you because of your age. There will likely be hundreds of well-qualified applicants for each job, so top credentials don’t matter very mu...
by PhilosophyAndrew
Mon Jun 04, 2018 7:12 pm
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 5655

Re: Best case to convert a Bogle skeptic?

OP, is your farher in danger of becoming insolvent because of the advisory fees you deplore? If not, I would drop it because that is his choice and, literally, his business. It is nice that you are helping him in his declining years, but I think you have a general duty to respect his autonomy and yo...
by PhilosophyAndrew
Mon Jun 04, 2018 11:16 am
Forum: Personal Investments
Topic: Talk me out of going crazy...
Replies: 48
Views: 6670

Re: Talk me out of going crazy...

FlyingMoose, how does investing in thousands of companies through a diversified index fund put you in the same jeopardy as someone who invests in just a single stock, namely the stock of his employer? I’m confused by what you write about this.

Andy.
by PhilosophyAndrew
Sun Jun 03, 2018 9:51 pm
Forum: Personal Investments
Topic: Talk me out of going crazy...
Replies: 48
Views: 6670

Re: Talk me out of going crazy...

Either he understands the risk he's taking and will deal with the consequences, or he doesn't understand the risk he's taken and won't deal with the consequences (and expect you to "help him out financially"). So why would you rescue someone who you've already warned and refuses to do something dif...
by PhilosophyAndrew
Sun Jun 03, 2018 8:47 pm
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 8370

Re: Is our monthly Personal money out of line?

I think you're thinking about this backwards. First calculate how much you need to save in order to hit your long term financial goals, ie retirement, college fund, whatever. Fund those goals. Then see how much you have left. Then fund your mid term goals, such as vacation, car, etc. If you're shor...
by PhilosophyAndrew
Sun Jun 03, 2018 8:41 pm
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 8370

Re: Is our monthly Personal money out of line?

OP, what does it mean to optimize spending in the context that you are using that phrase? For example, are you trying to ensure that you limit spending so that you save enough to meet a specific financial goal? In this case, your discretionary spending is fine as long as you are still on track to me...
by PhilosophyAndrew
Sun Jun 03, 2018 8:03 pm
Forum: Personal Investments
Topic: Request model portfolio and IPS development help
Replies: 17
Views: 1468

Re: Request model portfolio and IPS development help

OP, it is great that you are working to develop an IPS. Since you know that you are vulnerable to making impulsive, emotional investing decisions, I would address this issue in your statement and develop a clear and compelling narrative that explains to your future emotional self why you should stic...
by PhilosophyAndrew
Sun Jun 03, 2018 7:32 pm
Forum: Personal Investments
Topic: Should I put some money aside in money market for market correction
Replies: 94
Views: 8591

Re: Should I put some money aside in money market for market correction

Yes, there is bound to be a correction sooner or later. This is how the market works. Corrections and bear markets are 100% normal. But you should not try to guess when they will happen. Nobody can. If you leave cash on the sidelines, you will likely miss out on returns it could have been bringing ...
by PhilosophyAndrew
Sun Jun 03, 2018 7:21 pm
Forum: Personal Investments
Topic: Talk me out of going crazy...
Replies: 48
Views: 6670

Re: Talk me out of going crazy...

OP, am I right that your emotions are driving you to make a large, possibly rash decision that you would like fellow Bogleheads to dissuade you from making? Depending on the kindness of strangers generally works in this special place, but the best long-term solutions is to work through your decision...
by PhilosophyAndrew
Sun Jun 03, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 6993

Re: Have $2.5M at 30, career advice needed

OP, can you say more about want your exact concerns and desires? You say that you and your wife both enjoy your jobs, but you also seem interested in retiring now. If you enjoy your jobs, why are you concerned about retiring now? Do you expect that you will lose your jobs, or that you will stop enjo...