Search found 6522 matches

by Fallible
Fri Oct 26, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about staying the course
Replies: 33
Views: 4234

Re: Nervous about staying the course

Grt2bOutdoors wrote:
Fri Oct 26, 2018 6:41 am
...
People say all sorts of things about holding bonds, they only realize the benefits when the seas get rough....
How true this is. If I didn't already have a signature line, I'd ask your permission to use this one. :thumbsup
by Fallible
Thu Oct 25, 2018 2:49 pm
Forum: Investing - Theory, News & General
Topic: Market irrationality
Replies: 35
Views: 4118

Re: Market irrationality

I was listening to Bloomberg radio the other morning when they reported that while Caterpillar had beaten analysts’ estimates for the 3Q, the stock was down 8% pre-market. Granted, the stock had been dropping (along with the rest of the market) since the beginning of the month. Still, it got me mus...
by Fallible
Thu Oct 25, 2018 2:11 pm
Forum: Local Chapters and Bogleheads Community
Topic: Who/what made the helpful culture of Bogleheads?
Replies: 29
Views: 2043

Re: Who/what made the helpful culture of Bogleheads?

All of the above, but starting with Jack Bogle and adding the invaluable posts from BH financial pros such as Rick Ferri, Allan Roth, Larry Swedroe, Bill Bernstein and others, and forum pros Alex and Larry. The talent and teamwork throughout are first-rate.
by Fallible
Wed Oct 24, 2018 10:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 20
Views: 2282

Re: Minnesota BH Fall Main Meeting 10/27/18

Here are additional details of two more meeting breakouts on health savings accounts, and a 25-question quiz: Diann Title: Health Savings Account as a Stealth Investment Vehicle. Description : This breakout will discuss the mechanics of using Health Savings Accounts (HSAs) as an additional investmen...
by Fallible
Wed Oct 24, 2018 5:29 pm
Forum: Investing - Theory, News & General
Topic: Changing to higher equities allocation during a major crash?
Replies: 26
Views: 2659

Re: Changing to higher equities allocation during a major crash?

goingup wrote:
Wed Oct 24, 2018 9:17 am
You'll have to live through a big bear market to see how you react real time. ...
This is true - as far as it goes. Living through one bear market will tell you how you reacted in THAT bear, but maybe not the next one because they all differ.
by Fallible
Wed Oct 24, 2018 4:30 pm
Forum: Investing - Theory, News & General
Topic: The ship metaphor
Replies: 24
Views: 2055

Re: The ship metaphor

I think I understand the ship logo of the Vanguard fund, and the «stay the course» slogan. As long as it is smooth sailing, it is easy to stay on course. In january when the sea got more choppy and waves got bigger, it was harder but still managable. Now it seems we’ve reached a cataract that is fl...
by Fallible
Wed Oct 24, 2018 9:40 am
Forum: Personal Consumer Issues
Topic: Dental Mishap
Replies: 51
Views: 5977

Re: Dental Mishap

First, I'm sorry to hear what your young son is going through.

As for the expenses, getting a second opinion, or even a third, to know fully what has happened here and what is going on should help in getting compensation. It may also lead to your getting a new dentist.
by Fallible
Wed Oct 24, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation With Age
Replies: 10
Views: 1575

Re: Asset Allocation With Age

Hi and thanks in advance My wife is 86 and I am 87. Should we reduce our present asset allocation from 40/60 if the arithmetic shows that there is a reasonable chance that we may need to draw upon the stock allocation. If you would suggest a change, what allocation would you suggest. Frederickj If ...
by Fallible
Tue Oct 23, 2018 8:29 pm
Forum: Personal Consumer Issues
Topic: Cat's dental work costs
Replies: 31
Views: 2284

Re: Cat's dental work costs

I recently got an estimate for teeth cleaning for my 11-year-old Siamese cat from the vet we've been using since he was a kitten. His gums are inflamed with gingivitis in some places and he's been howling alot lately. Here's a breakdown from the estimate: $39.96 Acute pain management/Injectable/cc ...
by Fallible
Mon Oct 22, 2018 7:24 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 20
Views: 2282

Re: Minnesota BH Fall Main Meeting 10/27/18

For beginning Bogleheads and those getting ready for retirement, here's more information on those breakouts from the meeting agenda above: Andrew Breakout Title: Financial Topics for Beginners Description: "Where do Bogleheads (and aspiring Bogleheads) Start? Breaking down the Boglehead Philosophy; ...
by Fallible
Mon Oct 22, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo - Premier Banking, relationship managers - good or bad?
Replies: 6
Views: 500

Re: Wells Fargo - Premier Banking, relationship managers - good or bad?

My bank, Wells Fargo, is saying that I now have a relationship manager to call when I need something. Instead of calling their main line, I can call the relationship manager. They're wanting to setup an appointment where I speak with this person and he is supposed to outline the benefits of having ...
by Fallible
Sat Oct 20, 2018 6:20 pm
Forum: Investing - Theory, News & General
Topic: Set it and forget it
Replies: 47
Views: 9382

Re: Set it and forget it

"Nobody buys a farm based on whether they think it's going to rain next year; they buy it because they think it's a good investment over 10 or 20 years." Warren Buffett "Don't just do something, stand there!" Jack Bogle You'll be a better investor when you forget about your investments, providing y...
by Fallible
Sat Oct 20, 2018 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: What if your risk tolerance is lower than what's best for your portfolio?
Replies: 51
Views: 4010

Re: What if your risk tolerance is lower than what's best for your portfolio?

... goingup: I hear you. Not even sure what’s appropriate for me, though, apart from risk tolerance. It’s such a personal decision. ... Yes, risk tolerance is a uniquely personal decision because it's largely about emotions, about who you are, about knowing who you are. It may be the best example o...
by Fallible
Tue Oct 16, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Market timing mistakes relative to joining BH Forum
Replies: 6
Views: 764

Re: Market timing mistakes relative to joining BH Forum

... Anyone care to share how quickly after they discovered BH they bought into the stay the course and stopped "market timing"? If you're referring to a sort of delay in actually making the change to BH after discovering your investing mistakes, it happened to me and my guess is that it happens oft...
by Fallible
Mon Oct 15, 2018 3:38 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 20
Views: 2282

Re: Minnesota BH Fall Main Meeting 10/27/18

Jazzysoon wrote:
Mon Oct 15, 2018 11:33 am
Thank You for organizing this, I know it can take a bit of time to put events together. I'm a newer BH and am looking forward to attending.
Great! "Newer" is even better.
by Fallible
Mon Oct 15, 2018 3:31 pm
Forum: Investing - Theory, News & General
Topic: "Turn Off The Financial News"
Replies: 13
Views: 1955

Re: "Turn Off The Financial News"

Thanks for the post, Taylor. I agree that CNBC, which is popular mainly with the pro traders it's primarily aimed at, is one in particular to "turn off," especially if the average investor feels tempted to act on whatever it's pitching. (But if John Bogle happens to be on with his sage advice, then ...
by Fallible
Sat Oct 13, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor discussing finances with me
Replies: 64
Views: 6148

Re: Neighbor discussing finances with me

Two things: he is a good friend and a good neighbor. Telling him, in effect, that he is wrong and you are right about money could risk losing both. IMO, the bigger risk is yours, not his.
by Fallible
Sat Oct 13, 2018 2:15 pm
Forum: Investing - Theory, News & General
Topic: Psychological vs. Real Risk
Replies: 21
Views: 1603

Re: Psychological vs. Real Risk

Ron, You're right in questioning what sort of consensus, if any, one can reach on this forum. I don't think there are any rules because there are just fundamental differences in approach. There is probably one thing, above all, that perhaps we can agree on. Whatever one decides to do, there should ...
by Fallible
Sat Oct 13, 2018 10:01 am
Forum: Investing - Theory, News & General
Topic: Psychological vs. Real Risk
Replies: 21
Views: 1603

Re: Psychological vs. Real Risk

Using asset allocation to manage volatility and downside risk is a standard BH tenet. Psychological risk is what most financial writers spend their time on, i.e., the risk that someone's fear or nerves or whatever will cause them to sell equities unnecessarily at a low. Determining your psychologic...
by Fallible
Fri Oct 12, 2018 1:42 pm
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5899

Re: Who worries about a bear market in stocks?

One can worry about a bear market even if one has the need and ability to take risk. That is because they still may not be willing to take it, i.e., not have the risk tolerance for the market's ups and downs. This may explain why only about half of U.S. households are invested in the market; and why...
by Fallible
Thu Oct 11, 2018 8:49 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 20
Views: 2282

Re: Minnesota BH Fall Main Meeting 10/27/18

As promised, here are more detailed descriptions of two more breakouts, both on taxes (full agenda above): Sandra & Diane Title:  Tax loss harvesting in taxable accounts.   Description: Use this tax deferral strategy to offset capital gains with losses, and avoid pitfalls like wash sales. Chip Title...
by Fallible
Thu Oct 11, 2018 6:49 pm
Forum: Personal Consumer Issues
Topic: Oatmeal suggestions
Replies: 167
Views: 26039

Re: Oatmeal suggestions

I admit I've been waiting for this oatmeal thread to come back so I can say I that I've gradually switched from oatmeal to oat bran. Just sayin'. :-)
by Fallible
Wed Oct 10, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 111
Views: 8565

Re: What did you buy today

I bought frozen organic kale for the first time.
by Fallible
Mon Oct 08, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: Market decline in 2019 ?
Replies: 73
Views: 6942

Re: Market decline in 2019 ?

... The Bogleheads philosophy is "stay the course." But after 10 years of market rallys -- where do we draw the line? Is anyone here switching from equities to cash in hopes to avoid a big market decline in the next year or two? The line is your personal risk tolerance, which is decided on when set...
by Fallible
Sun Oct 07, 2018 7:36 pm
Forum: Personal Consumer Issues
Topic: What are your strategies when shopping for a house?
Replies: 38
Views: 3593

Re: What are your strategies when shopping for a house?

A most important strategy is, once you have decided on a home you and your wife like, to have a professional home inspector look it over thoroughly as he/she should be able to catch problems. Be sure you, not the realtor, choose the inspector, that you are agreed on what it will include, and that yo...
by Fallible
Sun Oct 07, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds for an aggressive investor
Replies: 25
Views: 2577

Re: Bonds for an aggressive investor

... Should a young (36 years old) investor own bonds at this point of his/her life? If I expect a government pension and can assume greater risk, shouldn't I just go all stock? ... You can "expect" a government pension, but lots can happen on the long road to it. You can "assume" greater risk, but ...
by Fallible
Sun Oct 07, 2018 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Short term investing
Replies: 7
Views: 646

Re: Short term investing

Hi, I have about $130k sitting in a 1.85% APY savings account. I plan on using this towards a downpayment in ~1 year. My tolerance for risk is high--I can withstand losing a large portion of that money (and delaying the purchase). I have been contemplating dumping all of it in a brokerage account i...
by Fallible
Sun Oct 07, 2018 10:08 am
Forum: Investing - Theory, News & General
Topic: What part of your investment philosophy was "Inspired by Jack Bogle"?
Replies: 27
Views: 1223

Re: What part of your investment philosophy was "Inspired by Jack Bogle"?

Initially, 31 years ago, I read about Jack Bogle and low-cost indexing and have been at it since. But I think I was already inspired to be a passive investor, probably a combination of nature and nurture, and just waiting for someone like Jack to come along and not only show the way, but clear the w...
by Fallible
Sat Oct 06, 2018 6:48 pm
Forum: Investing - Theory, News & General
Topic: 7 Investing Truths That Aren't
Replies: 53
Views: 6133

Re: 7 Investing Truths That Aren't

I don’t pretend to be any smarter than Allan Roth... but he says his instincts told him to sell in 2008, while my instincts told me to buy. Our “gut instincts” can be informed by our education and experience. I suspect that this one-page article on the AARP website is meant for a different audience...
by Fallible
Sat Oct 06, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: "The Business Man and The Fisherman"
Replies: 9
Views: 2101

Re: "The Business Man and The Fisherman"

So here we have the businessman proposing increasingly complicated solutions to a problem the fisherman didn't have! It reminds me of the quote from Occam's razor that Jack Bogle used in one of his greatest books, Enough : "When confronted with multiple solutions to a problem, choose the simplest on...
by Fallible
Sat Oct 06, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: 7 Investing Truths That Aren't
Replies: 53
Views: 6133

Re: 7 Investing Truths That Aren't

"Make sure you can explain your investing strategy to any 8-year-old. " That makes absolutely no sense. As a pedagogue, it's not hard to do. Kids learn by doing. When I was a kid, our family played the board game Monopoly. We did the same with our children and the kids loved it. They played it for ...
by Fallible
Sat Oct 06, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: 7 Investing Truths That Aren't
Replies: 53
Views: 6133

Re: "How a Second Grader Beat's Wall Street"

... I teach 8th graders (age 13-14), normally science, but I also have what you might call an advanced study hall made up of students in the advanced algebra and geometry classes (basically all A students). We do a lot of mini units throughout the year, and I did an investment unit last winter. I w...
by Fallible
Fri Oct 05, 2018 12:38 pm
Forum: Personal Consumer Issues
Topic: What purchase saved you the most money?
Replies: 136
Views: 13223

Re: What purchase saved you the most money?

Book buys and magazine and newspaper subscriptions that taught me how to invest and manage money, starting in the '80s. The authors I credit most include Jack Bogle, Jane Bryant Quinn, and Jonathan Clements.
by Fallible
Thu Oct 04, 2018 6:22 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8347

Re: Key differences between investing philosophies: Swedroe vs. Bogle

when it comes to investing greats like Bogle, Buffett, Munger, Graham, etc., it's a safe bet that we're thinking, both reasonably and correctly. And that doesn't mean agreeing with everything they say or do, but recognizing and acknowledging the best of it. So you are comparing Bogle to Buffett, Mu...
by Fallible
Thu Oct 04, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8347

Re: Key differences between investing philosophies: Swedroe vs. Bogle

I believe in Jack. Rick Ferri “As soon as we abandon our reason and are content to rely on authority , there is no end to our troubles.” ― Bertrand Russell In this case, as Ronald Reagan once said to Mikhail Gorbachev, “I’d agree with you, but then we would both be wrong .” I don't have a John Wayn...
by Fallible
Wed Oct 03, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8347

Re: Key differences between investing philosophies: Swedroe vs. Bogle

There always seems to be a thread promoting a financial advisor named Larry Swedroe here on the Bogleheads board. I’m sure there are many points of agreement between him and Jack Bogle. Question: What are the key differences between them and who is right, in your opinion? I've read many books and a...
by Fallible
Tue Oct 02, 2018 9:16 pm
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5893

Re: Is an emergency fund just about market timing?

Market timing is about predicting what the market will do (e.g., go up or down by a certain amount at a certain time) and then investing based on that prediction. So how is "judging a bad time" market timing? Because saying that it's a bad time implies that there will be better times ahead, meaning...
by Fallible
Tue Oct 02, 2018 1:07 pm
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5893

Re: Is an emergency fund just about market timing?

Given that equities are perfectly liquid nowadays and generally free to trade (or at the very least, functionally free), what is the rationale for keeping an emergency fund when you can just sell investments to meet any expenses? The only clear one seems to be so that you can avoid selling stocks a...
by Fallible
Tue Oct 02, 2018 10:44 am
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5893

Re: Is an emergency fund just about market timing?

Given that equities are perfectly liquid nowadays and generally free to trade (or at the very least, functionally free), what is the rationale for keeping an emergency fund when you can just sell investments to meet any expenses? The only clear one seems to be so that you can avoid selling stocks a...
by Fallible
Tue Oct 02, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: My biggest mistake - market timing
Replies: 62
Views: 9775

Re: My biggest mistake - market timing

Dear friends, I am here to seek help from the you all again. After going through uncertainty in 2015 and part of 2016, my husband was not comfortable in staying market with the fear of losing our principal. So we pulled out all the investments mainly from 401k and 529 accounts and put them all into...
by Fallible
Mon Oct 01, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.
Replies: 87
Views: 8693

Re: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.

... So where do I begin? ... In this order: -Find a good job and work hard. -Pay off the student loans. -Save money for emergencies. -Save money to invest. -Learn how to invest (you've already begun this here). -Choose an asset allocation that is right for you. -Write an Investment Policy Statement...
by Fallible
Mon Oct 01, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: Should we stay in Crazytown because there's no where to run?
Replies: 129
Views: 15178

Re: Should we stay in Crazytown because there's no where to run?

U.S. stocks are nuts. ... How do you manage this psychologically? ... As others have posted here, and as all the best books, blogs, podcasts, and videos in the wiki and beyond will tell you, you manage it by first finding the asset allocation that is right for you. If you don't first do that, you w...
by Fallible
Sun Sep 30, 2018 6:48 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 20
Views: 2282

Re: Minnesota BH Fall Main Meeting 10/27/18

NOTE: We will continue adding to the posted agenda more detailed descriptions of the breakouts. Below are descriptions from Chris, moderator of two breakouts: Title: Investment Lessons From History - The Breakout Description: I will review several of my favorite slides from my main presentation at t...
by Fallible
Fri Sep 28, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett Books
Replies: 55
Views: 6459

Re: Warren Buffett Books

I started to read The Snowball - all 900 pages. The first chapter was a little rough to get going but I am keeping an open mind. I have read Lowenstein’s Buffett so I am not sure how much difference 900 pages will make. I could tell first browsing the book when I got it from the library that it was...
by Fallible
Fri Sep 28, 2018 8:47 pm
Forum: Investing - Theory, News & General
Topic: Friend got back to me after my advice
Replies: 18
Views: 3919

Re: Friend got back to me after my advice

Interesting that she didn't know how her money was invested. Does this mean she never discussed this with her advisor? I would never blame the victim. People seek help because they do not feel that they know enough to be independent. This is the exact reason why a salesperson can pretend to be wise...
by Fallible
Fri Sep 28, 2018 5:53 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 20
Views: 2282

Re: Minnesota BH Fall Main Meeting 10/27/18

UPDATING with the Agenda for the Minnesota Bogleheads Fall Main Meeting, Saturday, October 27, 2018, 9:30-11:30 AM, at the newly renovated Ridgedale Library, Rohlf meeting room, 12601 Ridgedale Drive, Minnetonka, MN. Map to Ridgedale: https://goo.gl/maps/RfjeU4RitMm AGENDA : 9:30 Introduction : Welc...
by Fallible
Fri Sep 28, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: Friend got back to me after my advice
Replies: 18
Views: 3919

Re: Friend got back to me after my advice

Interesting that she didn't know how her money was invested. Does this mean she never discussed this with her advisor?
by Fallible
Thu Sep 27, 2018 5:08 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Fall Main Meeting 10/27/18
Replies: 20
Views: 2282

Re: Minnesota BH Fall Main Meeting 10/27/18

Save the date and note the new meeting location! Hello Financial Friends! Autumn is falling into place and we are gearing up for the Main Meeting next month. Please mark your calendars for Saturday 10/27/2018 in the morning from 9:30 to 11:30am. The new meeting location is the Ridgedale Library, Ro...
by Fallible
Sun Sep 23, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 83
Views: 6518

Re: Emotional Investor - I'm a mess and need help!

Thank you everyone. Your advice is truly priceless. From reading your posts I think I'm probably overthinking things too much . I know this is related to my personality of aiming for perfection and trying to find that strategy that will give me the best end result but the truth is as one of you sai...
by Fallible
Sun Sep 23, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 83
Views: 6518

Re: Emotional Investor - I'm a mess and need help!

You've described your problem well, know you need help, and surely that's half the battle. I can't tell if you mean professional help such as counseling, but it could help you to first understand what is happening and that could best lead to a solution that works for you. A book that helps with this...