Search found 6471 matches

by Fallible
Tue Feb 01, 2011 12:23 pm
Forum: Personal Consumer Issues
Topic: Polite way to decline a wedding invitation
Replies: 27
Views: 7848

Re: Polite way to decline a wedding invitation

A couple of my friends are getting married in the Caribbean. My wife and I would go if either one of us were in the wedding party or if it was anyplace in the continental US. However, I'd rather go on a dream vacation if we are going to spend that much. What's a polite way of declining? I'd rather ...
by Fallible
Tue Feb 01, 2011 11:59 am
Forum: Investing - Theory, News & General
Topic: Allan Roth: "The Power of Passive Investing"
Replies: 19
Views: 3702

A second great review of this book from a "competitor" this week. (See Larry's review.) I'm already convinced of the power of passive investing, from several years of reading posts here and books by Rick Ferri, Allan Roth, Larry Swedroe, Taylor Larimore (et al), and William Bernstein. However, with...
by Fallible
Tue Feb 01, 2011 11:47 am
Forum: Investing - Theory, News & General
Topic: Does gender matter (to you) when giving financial advice?
Replies: 32
Views: 3198

Gender can make a difference since women have a significantly longer life expectancy than men do. For example for a the question about starting social security at 62 or waiting until the age of 70 the gender of the person will make a difference since they have different life expectancies. There are...
by Fallible
Mon Jan 31, 2011 9:44 pm
Forum: Personal Consumer Issues
Topic: Is it better for kids to specialize or be well-rounded?
Replies: 38
Views: 4390

Re: Is it better for kids to specialize or be well-rounded?

I have a friend whose 8-year-old son is a gifted pianist. The boy practices an hour a day, every day. He likes it and is very talented (possibly the best 8-year old pianist in his entire state). A piano teacher friend suggested that the boy spend more time practicing piano and give up his two other...
by Fallible
Mon Jan 31, 2011 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much for an attorney to...?
Replies: 13
Views: 2137

Re: How much for an attorney to...?

Anyone have experience using an online/home kit (eg NOLO, legalzoom, etc) to draft a will/power of attorney/trust and pay an estate/trust attorney to look it over? How much more cost effective is it to do this as opposed to having an attorney draft these documents from scratch? This is assuming one...
by Fallible
Sat Jan 29, 2011 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: What to do about a Financial Planner Problem
Replies: 25
Views: 3277

You've now got plenty of great advice to 1) be thankful Wells Fargo did blow you off; and 2) move on.

Look at it another way: you may not have had enough money for Wells Fargo, so now you've got a chance to make more money with someone else (like Vanguard?).
by Fallible
Fri Jan 28, 2011 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can anyone point me to a good comprehensive financial
Replies: 9
Views: 1659

Re: Can anyone point me to a good comprehensive financial

planning book? My brother's bday is coming up and I would like to get him something that is very detailed and comprhensive. I don't care if it has any information about investing. I just want something that covers the topics of insurance (home, auto, disability, life, ltc. etc), maybe major purchas...
by Fallible
Fri Jan 28, 2011 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: What to do about a Financial Planner Problem
Replies: 25
Views: 3277

Make a phone call to her. A possibility is that she has left employment, is ill, or has had a family emergency. Next stop is to ask her supervisor. If you think you would like to work with a WF advisor, I am sure the group head will be eager to find someone for you. I fully agree with this. You rea...
by Fallible
Thu Jan 27, 2011 10:35 pm
Forum: Personal Consumer Issues
Topic: How to negotiate like a 14-year-old girl with True Grit
Replies: 2
Views: 1105

The "True Grit" dialogue here is as much fun to read as it was to hear in the movie, and Victoria Pynchon's description of what's happening makes it even better. It probably is true that women need to negotiate more, but I think everybody does. In fact, I once read an article about how most people, ...
by Fallible
Thu Jan 27, 2011 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Fire Your Financial Adviser, Unless They are a Fiduciary
Replies: 44
Views: 5172

BruDude wrote:The SEC has always done a wonderful job of protecting investors. :roll:
Your emoticon expressed it perfectly. :wink:
by Fallible
Tue Jan 25, 2011 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Could we leverage YouTube to spead the Boglehead gospel?
Replies: 6
Views: 1310

I dunno, for us to buy low, and sell high, SOMEONE has to buy high and sell low : P just kidding : ) Reminds me of the hedge fund managers who foresaw the subprime crisis and made a bundle shorting that market. Someone (the fools, as it turned out) had to be on the other side of their trades - and ...
by Fallible
Tue Jan 25, 2011 12:55 pm
Forum: Investing - Theory, News & General
Topic: Stay the course
Replies: 7
Views: 1851

Thank you, it never hurts to be reminded. :) I agree. I would ask that you post the same the next time the stock market goes down by 30% or more. It gets a bit harder then. I want to make sure that I have an allocation that allows me to stay the course. Too much risk really hurts. Good and importan...
by Fallible
Tue Jan 25, 2011 12:41 pm
Forum: Investing - Theory, News & General
Topic: Why I am glad to be a Boglehead
Replies: 40
Views: 5857

My eyes bleed reading most of this stuff and then it takes weeks to come to a hair-brained conclusion. Without the help I've received here I'd be into exotic circus animal futures or sum such :lol: To Taylor, nisiprius, Larry, Livesoft, Rick, Landy, Mel, EmergDoc, Valuethinker and LAURA too . THANK...
by Fallible
Mon Jan 24, 2011 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Are you young, conservative and risk averse investor?
Replies: 46
Views: 5528

I fit the description. Furthermore, I think the securities industry is wrong. See my (Rant) Article that perfectly embodies the Big Lie . 1) "Know thyself" trumps everything else. The securities industry is always pushing, pushing, pushing at us a) to underestimate the risks of stocks and b) overes...
by Fallible
Mon Jan 24, 2011 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Are you young, conservative and risk averse investor?
Replies: 46
Views: 5528

Count me in. I'm 61, my wife and I are saving furiously so we can retire when I'm 66, and we have only about 8% in stocks. ... Let me end this long post with the famous (apochryphal?) Groucho Marx story: Groucho Marx, the famous comedian, purportedly once toured the New York Stock Exchange and held...
by Fallible
Sun Jan 23, 2011 4:51 pm
Forum: Personal Consumer Issues
Topic: Rant: Fine print
Replies: 23
Views: 2634

Even when I can read fine print in documents, I can’t always understand it. In fact, I rarely understand it. I’ve also read that with some long, complicated documents (usually mortgage contracts), even attorneys have said they can’t understand it. And funny how, when it says this is “IMPORTANT INFOR...
by Fallible
Sat Jan 22, 2011 8:14 pm
Forum: Investing - Theory, News & General
Topic: Financial Writer Spilled the beans in 1999
Replies: 12
Views: 3287

The article was written in '99, around the height of the tech boom, so the pressure to write stuff like "Six Funds to Buy Now" would've been great. Even so, I think the writer is wrong to say a pro-index-fund story wouldn't sell. If, say, it was written well, displayed prominently, and headlined som...
by Fallible
Sat Jan 22, 2011 11:47 am
Forum: Personal Consumer Issues
Topic: Berkshire Hathaway Annual Meeting
Replies: 18
Views: 3940

I'm jealous. :) So am I. For years I've thought of buying a share in BH, or whatever it takes to attend the BIG EVENT, but it made no financial sense. :( Why not? Think of it as a deposit . You buy the share, hold it for a few weeks until you get your ticket, then sell it. It might go up or down a ...
by Fallible
Fri Jan 21, 2011 10:44 pm
Forum: Investing - Theory, News & General
Topic: knowledge v. intelligence
Replies: 66
Views: 5713

Reading this very interesting thread reminded me of the bio I read last year of Albert Einstein by Walter Isaacson. Until I read it, I thought only of intelligence and genius and great scientific knowledge when I thought of Einstein. So I was amazed to learn from the book that what may have allowed ...
by Fallible
Fri Jan 21, 2011 12:46 pm
Forum: Personal Consumer Issues
Topic: Berkshire Hathaway Annual Meeting
Replies: 18
Views: 3940

simplesimon wrote:
Fallible wrote:
Coffee wrote:I'm jealous. :)
So am I. For years I've thought of buying a share in BH, or whatever it takes to attend the BIG EVENT, but it made no financial sense. :(
Read my post above to see how you can attend the meeting without being a shareholder.
Thanks, I missed this. There's still hope!
by Fallible
Fri Jan 21, 2011 12:18 pm
Forum: Personal Consumer Issues
Topic: Re:
Replies: 1
Views: 734

Thanks for the fun and laughs! The Coin songs were good, too. :D
by Fallible
Fri Jan 21, 2011 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Friend's Dad passed away, surving wife needs advice
Replies: 25
Views: 2705

afan wrote:A slight difference of opinion. Although it is probably true that she may not need investment advice right now, she may well need financial advice. ...
For overall, fee-only financial advice, she might look into the Garrett Planning Network written about often in this forum.
by Fallible
Fri Jan 21, 2011 11:51 am
Forum: Personal Consumer Issues
Topic: Berkshire Hathaway Annual Meeting
Replies: 18
Views: 3940

Coffee wrote:I'm jealous. :)
So am I. For years I've thought of buying a share in BH, or whatever it takes to attend the BIG EVENT, but it made no financial sense. :(
by Fallible
Fri Jan 21, 2011 11:46 am
Forum: Investing - Theory, News & General
Topic: Will there be a bear market this decade?
Replies: 36
Views: 4966

rustymutt wrote:You didn't put in the option of "I don't know".
And I would add the option: "No one can know."
by Fallible
Thu Jan 20, 2011 12:19 pm
Forum: Personal Consumer Issues
Topic: What expenditures improved your happiness/quality of life?
Replies: 155
Views: 30575

I have several that i have done that add value and happiness to my life: 1. A dachshund . 2. A complete genetic profile (very interesting health and ancestry info). 3. An eBook (like the Kindle) 4. A really good matress. 5. Any travel/museums/learning experience. 6. Tango lessons. 7. Fruit trees. 8...
by Fallible
Wed Jan 19, 2011 12:25 pm
Forum: Personal Consumer Issues
Topic: What Book Are YOU Currently Reading? Part IV. (07/04/2010)
Replies: 1507
Views: 377355

Just finished a couple of good books on the '08 crisis: "Fool's Gold," by Gillian Tett (very in-depth on Jamie Dimon of JPMorgan Chase), and "All The Devils Are Here" by Joe Nocera and Bethany McLean about ALL those devils from Wall Street to Main Street who caused the crisis. Perfect title ("Hell i...
by Fallible
Tue Jan 18, 2011 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Back of the napkin sketches
Replies: 6
Views: 1300

Absolutely cool! Thanks for the link.
by Fallible
Tue Jan 18, 2011 5:13 pm
Forum: Personal Consumer Issues
Topic: Scams that make me laugh -- what are you favorites?
Replies: 77
Views: 10319

I don't think any scam made me laugh because even if I didn't fall for one myself, some other unsuspecting soul would. Scammers know this and that's why they don't care how absurd their sales pitches sound. Somebody will buy and be hurt. And that's sad. (Hope I haven't rained on this parade...)
by Fallible
Tue Jan 18, 2011 12:30 pm
Forum: Investing - Theory, News & General
Topic: The New Bogleheads Facebook Page
Replies: 90
Views: 11120

With an important objective, and apparent need, to attract younger readers and more older readers, I don’t see how the Bogleheads could ignore Facebook. There are legitimate security and privacy concerns, many of them expressed in this thread, but Mel, Taylor, Alex and the others have shown the same...
by Fallible
Tue Jan 18, 2011 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Medical Costs in Retirement - Anyone plans for it?
Replies: 44
Views: 6917

Re: Medical Costs in Retirement - Anyone plans for it?

It's my impression that most Bogleheads are unfazed by the possibility of exponentially increasing medical costs in their retirement years. In fact, I have yet to see much in terms of planning for setting aside a lump sum of liquid cash meant solely for medical expenses. ... I'm wondering how you g...
by Fallible
Mon Jan 17, 2011 8:39 pm
Forum: Investing - Theory, News & General
Topic: Investing vs. Speculating
Replies: 34
Views: 3521

I think the essential differences between investing and speculating are now obvious in this thread, but here are definitions that I think pull it all together (from "Wall Street Words," a dictionary by David L. Scott ('88 revision)): "Investor - A person who purchases income-producing assets. An inv...
by Fallible
Sun Jan 16, 2011 3:13 pm
Forum: Personal Consumer Issues
Topic: What expenditures improved your happiness/quality of life?
Replies: 155
Views: 30575

I have several that i have done that add value and happiness to my life: 1. A dachshund . 2. A complete genetic profile (very interesting health and ancestry info). 3. An eBook (like the Kindle) 4. A really good matress. 5. Any travel/museums/learning experience. 6. Tango lessons. 7. Fruit trees. 8...
by Fallible
Sun Jan 16, 2011 1:44 pm
Forum: Personal Consumer Issues
Topic: What expenditures improved your happiness/quality of life?
Replies: 155
Views: 30575

Re: What expenditures improved your happiness/quality of lif

If someone has the good fortune to have some extra discretionary income, what ideas can bogleheads recommend as making the most difference in their quality of life or general happiness? We all know we should save lots and give some to worthy causes, but I'm most interested in getting ideas for spen...
by Fallible
Sun Jan 16, 2011 1:25 pm
Forum: Investing - Theory, News & General
Topic: Investing vs. Speculating
Replies: 34
Views: 3521

I'll quote the master, Benjamin Graham: An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative. Thanks for this from the "master." I was about to start hunting for that very quote i...
by Fallible
Fri Jan 14, 2011 2:28 pm
Forum: Investing - Theory, News & General
Topic: Put some lipstick on this pig (Article on Schwab YieldPlus)
Replies: 22
Views: 3350

To a conservative investor like me, just the name "YieldPlus" would have kept me on the sidelines. But what's really disturbing about this one is that, according to the article, there might have been no way even a savvy investor could have known what was really going on with the fund (Schwab's decis...
by Fallible
Fri Jan 14, 2011 10:56 am
Forum: Personal Consumer Issues
Topic: Does anybody use [search engines] anymore?
Replies: 76
Views: 8963

Re: Does anybody use [search engines] anymore?

I mean, do folks use search engines like google or bing anymore before they ask questions about anything? Or maybe there is a law that says it's illegal for someone over 40 to use a search engine? Just wondering ....? I think a combination of search engines and this forum is the best way to get ans...
by Fallible
Fri Jan 14, 2011 10:45 am
Forum: Personal Finance (Not Investing)
Topic: New Vanguard Statements
Replies: 38
Views: 5221

I liked the old format where is was in portrait instead of landscape format. I personally like the single page print for each fund (for filing purposes), not the back-to-back print . I also don't like the back-to-back print, but that probably is where they save the most money on paper (and trees!) ...
by Fallible
Wed Jan 12, 2011 10:57 am
Forum: Investing - Theory, News & General
Topic: Allan Roth What Investors Really Want
Replies: 13
Views: 2353

All of which makes me sorry to ask if there's anything really new about general irrational investor behavior in Statman's book. E(Is ANYthing new after Bernie?) I did find some things new, personally. I liked the framework he provided that drives our behavior. I also never thought of the hedge fund...
by Fallible
Tue Jan 11, 2011 4:31 pm
Forum: Investing - Theory, News & General
Topic: Motley Fool Interview
Replies: 76
Views: 23636

Taylor,

I just now saw your '09 interview and it is full of investing "gems" of the sort so often posted on the forum. And you're right - Jack Bogle and Mr. Lincoln do look alike, as well as share those characteristics of greatness.

B.J.
by Fallible
Tue Jan 11, 2011 4:14 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth What Investors Really Want
Replies: 13
Views: 2353

Thanks for the link and I'll certainly read Statman's book, nicely described by both Allan Roth and Larry Swedroe. All of which makes me sorry to ask if there's anything really new about general irrational investor behavior in Statman's book. Except for a few things such as the spa package and lotte...
by Fallible
Tue Jan 11, 2011 12:23 pm
Forum: Investing - Theory, News & General
Topic: Can Tech Control Investor Impulses to Buy High?
Replies: 20
Views: 2197

Whatever, it was interesting to read that an app could easily be designed to prevent an investor from a trade not adhering to an IPS, and I wonder how, exactly, that would work. Well of course, an IPS can get very complex, but consider how the low-tech version would work. You write up your IPS, and...
by Fallible
Sun Jan 09, 2011 9:43 pm
Forum: Investing - Theory, News & General
Topic: Roubini (like other forecasters) usually gets it wrong
Replies: 11
Views: 2005

http://moneywatch.bnet.com/investing/blog/wise-investing/nouriel-roubini-talks-people-listen/1809/?tag=content;col1 I blogged on Roubini with link above. This is not about Roubini, but about when the financial crisis began. You say it began in the fourth quarter of '07. The Great Recession official...
by Fallible
Sun Jan 09, 2011 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: I Want Higher Gas Prices!
Replies: 65
Views: 6610

Re: I Want Higher Gas Prices!

I just saw a newspaper headline: "Gasoline prices' rise evokes 2008." High gas prices in the summer of 2008 lead to the Social Security Cola of 5.8% first paid in January, 2009. With no colas in 2010 or 2011, seniors everywhere should be cheering for higher gas prices. Go gas, go gas, go gas, go! O...
by Fallible
Sun Jan 09, 2011 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Midlife Career Change to Psychotherapy
Replies: 30
Views: 7811

I changed careers in my early 50s and it turned out to be the right thing to do. However, because I'd been in my first career for 26 years and still basically loved it (and still do), I took a year-long sabbatical, during which I talked to and read about people who made career changes. I also took a...
by Fallible
Fri Jan 07, 2011 7:59 pm
Forum: Investing - Theory, News & General
Topic: Money magazine has gone Boglehead?
Replies: 28
Views: 6100

Consumer Reports also had a recent article on saving and preparing for retirement. It wasn't a bad article, although surprisingly for a consumer-protection magazine it had only a sentence on the virtues of index funds and how keeping costs down affects returns. JT It is surprising that CR gives suc...
by Fallible
Fri Jan 07, 2011 7:37 pm
Forum: Investing - Theory, News & General
Topic: Can Tech Control Investor Impulses to Buy High?
Replies: 20
Views: 2197

It's not possible to write an application that would prevent a person from buying high, simply because it's not possible to know when you've reached the high. If it were, people would use the application to decide when to go short. But from a technical point of view it would be rather easy to desig...
by Fallible
Fri Jan 07, 2011 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Misleading Statistics
Replies: 18
Views: 3074

Jane Bryant Quinn, in her recent, updated book, "Making The Most of Your Money Now" says this about the chance of needing long-term care: "Roughly 6 out of every 10 people who are 65 will need it at some point in their lives, although not necessarily in a nursing home. About 4 out of 10 will enter a...
by Fallible
Fri Jan 07, 2011 10:51 am
Forum: Personal Consumer Issues
Topic: Training a Dog
Replies: 60
Views: 7037

Bottom line, animals need, and are looking for, proper attention, love and understanding - just like us humans. The things your dog does seem quite typical of young animals and the solution is lots of excercise (which we all need!) and some positive training by a good professional. Your vet may be a...
by Fallible
Thu Jan 06, 2011 3:16 pm
Forum: Personal Consumer Issues
Topic: How do you shop?
Replies: 24
Views: 2603

Using a list of healthy foods and coupons for them (and ONLY for them), I shop at a warehouse-type store and a Target store for basics, but also at a local upscale supermarket that is overall more expensive but often has bargains to compete with, and sometimes beat, the other two stores. (A caveat: ...
by Fallible
Thu Jan 06, 2011 2:19 pm
Forum: Investing - Theory, News & General
Topic: Can Tech Control Investor Impulses to Buy High?
Replies: 20
Views: 2197

Wow, what a range of replies, from the humorous rogue HAL to the fearful "Collossus" and thoughtful in-betweens. When I wasn't laughing at the great Boglehead humor, I was thinking that probably somewhere out there is a young genius already working on an investment app that will make him/her many mi...