Search found 6450 matches

by Fallible
Thu Sep 23, 2010 12:46 pm
Forum: Investing - Theory, News & General
Topic: Is the Recession Over for You?
Replies: 60
Views: 8141

I may be missing something here, but I wonder how anyone could NOT "notice a recession," even if they're looking only at their own individual experiences. For example, maybe their investments didn't lose money, but how can they be certain they wouldn't have made more money had there been no recessio...
by Fallible
Wed Sep 22, 2010 6:01 pm
Forum: Investing - Theory, News & General
Topic: Flash Crash Update 9/2010
Replies: 38
Views: 5388

Don't know about anybody else, but I felt a lot better after reading that Gregg Berman, head of the flash-crash investigation team, said (in today's NY Times) that "he had found no evidence of a deliberate attempt by anybody to disrupt markets." I never even considered that a realistic possibility....
by Fallible
Wed Sep 22, 2010 5:47 pm
Forum: Personal Consumer Issues
Topic: What kind of bicycle to purchase?
Replies: 131
Views: 17299

Re: What kind of bicycle to purchase?

Fallible Thank you for your thoughtful advice. I selected a comfort bike to purchase. I live in an area where the weather is conducive to riiding an outdoor bike year round. As for a stationary bike, the fitness center in my housing development has several which I can use whenever I want. I rhink y...
by Fallible
Wed Sep 22, 2010 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Book Recommendations for High School Seniors
Replies: 32
Views: 5002

I think if they want to understand anything financial (or even otherwise), they'll need to understand how the brain works. If they understand that, at least insofar as it is now understood by scientists, they'll understand everything much better. I think the book for that right now would be Jason Zw...
by Fallible
Wed Sep 22, 2010 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do in this situation??
Replies: 38
Views: 4685

Re: What would you do in this situation??

You have identified your problems and you have asked the right questions - that's half your battle. Generally speaking, you can approach these problems either as a family or individually. Either way, it would help greatly if you could meet with a financial adviser. The problem, of course, is finding...
by Fallible
Tue Sep 21, 2010 4:42 pm
Forum: Personal Consumer Issues
Topic: Need recipes: Shaggy mane mushrooms are taking over my lawn!
Replies: 11
Views: 3070

Try an online search under "mushroom recipes" and you'll find lots of ideas (other than soup).
by Fallible
Tue Sep 21, 2010 4:28 pm
Forum: Personal Consumer Issues
Topic: What kind of bicycle to purchase?
Replies: 131
Views: 17299

Re: What kind of bicycle to purchase?

My doctor has recommended that I ride a bicycle for daily exercise. I am in my mid sixties, haven't ridden a bike for a number of years, and live in an area that is relatively flat ( and the roads are safe). No matter what bike you choose or where you get it (and you've had some excellent suggestio...
by Fallible
Tue Sep 21, 2010 4:07 pm
Forum: Investing - Theory, News & General
Topic: Flash Crash Update 9/2010
Replies: 38
Views: 5388

Don't know about anybody else, but I felt a lot better after reading that Gregg Berman, head of the flash-crash investigation team, said (in today's NY Times) that "he had found no evidence of a deliberate attempt by anybody to disrupt markets." And I like that he's a former physicist who once spent...
by Fallible
Tue Sep 21, 2010 11:39 am
Forum: Personal Consumer Issues
Topic: Toothache
Replies: 10
Views: 1497

First, see a dentist ASAP. The continuing pain probably means the problem will only get worse - and possibly more expensive to treat. Second, I recently read about individual dental insurance that is available as soon as one joins the plan. I have been trying to find this article, which I think was ...
by Fallible
Mon Sep 20, 2010 6:35 pm
Forum: Personal Consumer Issues
Topic: Allowances..........did you get one or give one now?
Replies: 52
Views: 6638

I set pins in a bowling alley - long before that task was automated. Wow, that brings me back to when I was a kid watching my mother and her friends bowl in a league - late 40s, early 50s. And I remember worrying about the guy setting the pins and whether he'd be able to pull himself out of the way...
by Fallible
Mon Sep 20, 2010 11:07 am
Forum: Investing - Theory, News & General
Topic: what's a financial advisor worth?
Replies: 147
Views: 17437

dbr, You are correct in that at times we do recommend that a person seek the help of a financial planner for in-depth information and recommendations on issues that we don't feel comfortable consulting on. Some people need a full financial plan before talking with us about investment planning. Othe...
by Fallible
Mon Sep 20, 2010 10:36 am
Forum: Personal Consumer Issues
Topic: Following sports closely...a distraction or healthy?
Replies: 124
Views: 12979

JupiterJones wrote:Of course, it could be argued that everything we do is really applied physics. I'm reminded of this cartoon:

Image

JJ
The stick figures and subject remind me of Randall Monroe's popular Webcomic, "XKCD." Is this one of his?
by Fallible
Fri Sep 17, 2010 12:07 pm
Forum: Investing - Theory, News & General
Topic: Get Rich Slowly article about the Bogleheads
Replies: 7
Views: 3677

Thanks for the link. The article's wonderful description of good conversation over good food reminded me of the great meetings of the MN Boglehead chapter I belong to, though our group numbers in the 30s. BTW, I was going to join friends for dinner at an Italian restaurant tonight, but after reading...
by Fallible
Thu Sep 16, 2010 5:10 pm
Forum: Investing - Theory, News & General
Topic: "5 Warning Signs of Bad Investing" (Allan Roth)
Replies: 16
Views: 4453

Wagnerjb wrote: I take the humility comment to refer to the humble acceptance that we cannot expect to beat the market.
I agree. But remembering many years ago when I first I realized one can't beat the market, it felt more like resignation than humility. It still feels that way.
by Fallible
Thu Sep 16, 2010 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement on Hold: American Workers $6 Trillion Short
Replies: 53
Views: 8196

taurabora wrote:I plan to die at 65, and not worry about retirement. Problem solved!
Reminds me of a Henny Youngman quote on retirement: "I've got all the money I'll ever need, if I die by four o'clock."
by Fallible
Thu Sep 16, 2010 12:19 pm
Forum: Investing - Theory, News & General
Topic: NY Times Special Retirement Section
Replies: 24
Views: 3808

Re: NY Times Special Retirement Section

Looking Ahead to the Spend-Down Years http://www.nytimes.com/2010/09/16/business/retirementspecial/16SAVE.html That was an interesting article. This part is both surprising and depressing: Cognitive Decline Half of people in their 80s suffer from either dementia or significant cognitive impairment ...
by Fallible
Thu Sep 16, 2010 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Fear - Ready to cash out?
Replies: 82
Views: 12976

Re: Fear - Ready to cash out?

Are any of you retired folks here worried as i am about your investments to the point of cashing OUT ? I'm concerned about many of the things you mention and I don't know where it's all headed. But I have no plans to cash out. Instead, the lessons I've learned in 23 years of investing are to make s...
by Fallible
Mon Sep 13, 2010 2:10 pm
Forum: Investing - Theory, News & General
Topic: Suggested Topics for our Forbes Column
Replies: 46
Views: 6014

Risk - what is it? I agree because the failure of way too many investors to understand risk and their risk tolerance is the main reason they buy high and sell low and fail in so many other ways as investors. What will it take to get them to understand risk? And to understand themselves so they know...
by Fallible
Mon Sep 13, 2010 1:37 pm
Forum: Investing - Theory, News & General
Topic: what's a financial advisor worth?
Replies: 147
Views: 17437

One, of many, problems in judging the worth of a financial advisor is that success depends on how well a good advisor and his/her client work together. There is so much involved in that relationship. Bad clients can hold back good advisors and vice versa. So when judging overall performance, you hav...
by Fallible
Mon Sep 13, 2010 1:30 pm
Forum: Personal Consumer Issues
Topic: Accurate home blood pressure monitor?
Replies: 42
Views: 8795

This was a new one for me, too. I've been going to the same dentist for over ten years and was confronted with the blood pressure cuff at my latest visit. Either some agency has set out a new guideline, or one of the patients must've had a heart attack sitting in the chair... I wondered this also a...
by Fallible
Mon Sep 13, 2010 1:14 pm
Forum: Investing - Theory, News & General
Topic: Maximum happiness requires an income of $75,000 per year.
Replies: 53
Views: 8357

Re: Sibling rivalry

H. L. Mencken once defined a wealthy man as one who earns $100 a year more than his wife's sister's husband. I think that would be a brilliant topic to research. Victoria I've read about it in "Predictably Irrational". But I am still puzzled how can I know either I am wealthy or not if my wife does...
by Fallible
Sat Sep 11, 2010 1:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Chairman McNabb on markets and investing
Replies: 4
Views: 1530

Says it all and it can't be said enough.

Thanks for passing it on.
by Fallible
Sat Sep 11, 2010 12:35 pm
Forum: Personal Consumer Issues
Topic: Accurate home blood pressure monitor?
Replies: 42
Views: 8795

Re: Blood Pressure Tips

One bp reading in dentist's office inadequate for making decisions, IMO. Dentist's office a high stress setting for lots of people, therefore not the best place to make decisions about bp, IMO. Thanks for this good information. Do you have any idea why some dentist offices are now taking BP reading...
by Fallible
Fri Sep 10, 2010 6:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Joins the Investment Porn Crowd
Replies: 72
Views: 11610

dratkinson wrote:I suppose I can live with Vanguard's active-management advertising as a cost-of-doing-business to cast a wider net... as long as Vanguard doesn't go too far toward the "dark side".

How far is too far? That could be another topic. :)
I think that IS the topic here.
by Fallible
Fri Sep 10, 2010 6:16 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri takes on high-cost advisors on Forbes
Replies: 72
Views: 10820

GaryPantaloukas wrote:
Want somebody to manage your emotions? Go see a shrink.[/quote wrote:
How about, Go look in the mirror...
by Fallible
Fri Sep 10, 2010 5:33 pm
Forum: Investing - Theory, News & General
Topic: Second half of the Vanguard Blog post
Replies: 14
Views: 1757

Re: munir

What I never ceased to be surprised about (I guess I should no longer be surprised) is the focus on titles or other minor things instead of what is the meat of the story which is the message that says active management has the potential to beat the market--DUH. Of course it does. There is no reason...
by Fallible
Fri Sep 10, 2010 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Is it too late to be saved ????
Replies: 7
Views: 2704

Re: Is it too late to be saved ????

My mindset is very conservative,financial peace of mind rather than to accumulate as much wealth as possible,safety of principle rather than risk of principle, capital preservation rather than capital appreciation. You surely are the "defensive (or passive) investor" Ben Graham writes about in his ...
by Fallible
Fri Sep 10, 2010 12:34 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri takes on high-cost advisors on Forbes
Replies: 72
Views: 10820

I'm afraid, like in mutual funds, the only way that the high fee advisors are going to lower their fees is if there is enough competition from the likes of Rick and Derek . Kind of like what Vanguard did to the rest of the mutual fund industry. I agree, but an equally effective way to get these adv...
by Fallible
Fri Sep 10, 2010 12:25 pm
Forum: Investing - Theory, News & General
Topic: How embarrassing now is your initial investment approach?
Replies: 82
Views: 10998

Re: How embarrassing now is your initial investment approach

My initial investment approach in the early '80s was not embarrassing - CDS earning double digits. My second approach (and first into mutual funds) was embarrassing - inexplicably following the family broker's advice to buy a mutual fund with an 8.5 percent front-end load (Templeton World). Yes, the...
by Fallible
Fri Sep 10, 2010 11:47 am
Forum: Personal Consumer Issues
Topic: Following sports closely...a distraction or healthy?
Replies: 124
Views: 12979

pochax wrote:as with almost all things, they can be healthy in moderation. where to draw the line can vary and we will never all agree.

just my opinion though! Go Buckeyes! :wink:
I agree, but that's just my opinion. Go Vikings! :wink:
by Fallible
Fri Sep 10, 2010 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Can we expect an easy and secure 5% return in the future?
Replies: 22
Views: 3701

But again... if "it's different this time", I'm still saving strong , and I'll still be able to retire, just not rich on a lake house with a boat like I'm hoping... With your strong emphasis on "saving strong," and with some good luck that's always needed in life, you may be able to have that lake ...
by Fallible
Thu Sep 09, 2010 10:26 am
Forum: Investing - Theory, News & General
Topic: thought you might find this blog post of interest
Replies: 8
Views: 2101

Re: Tyrobi + Caveatemptor

Vanguard's making really stupid statements like active funds add the potential for above-market returns. Statements like that are stupid and worse dangerous because they don't add the obvious that they also provide the potential for below-market returns and all the data shows the latter is more lik...
by Fallible
Thu Sep 09, 2010 9:46 am
Forum: Personal Consumer Issues
Topic: Accurate home blood pressure monitor?
Replies: 42
Views: 8795

livesoft wrote: You will find that your BP is rather variable throughout the day and dependent on many factors.
This is so true, and why some doctors have patients wear a monitor (from the doctor's office) for 24 hours or more to more accurately judge pressure.
by Fallible
Wed Sep 08, 2010 6:20 pm
Forum: Personal Consumer Issues
Topic: Accurate home blood pressure monitor?
Replies: 42
Views: 8795

Re: Accurate home blood pressure monitor?

Any advice on which, if any, home blood pressure monitor is worth buying? Should I just buy a blood pressure cuff and get one of my physician or nurse friends to teach me how to use it? Consumer Reports has rated home blood pressure monitors so I would check there first. As I recall, CR included re...
by Fallible
Wed Sep 08, 2010 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Help for my Dad - super conservative
Replies: 17
Views: 3870

Adrian Nenu wrote:
Vanguard TIPS bond fund + Short Term Corporate Bond fund (50/50) in the IRA.
I understand why the TIPS should be in an IRA, but why the ST Corp fund (which I once had outside my IRA for many years)?
by Fallible
Tue Sep 07, 2010 11:41 am
Forum: Investing - Theory, News & General
Topic: Indexing is bogus [according to Cramer]
Replies: 52
Views: 9302

In his book, "Your Money & Your Brain," Jason Zweig places Cramer among the "market lunatics." Rather than copy all of Zweig's long graph, I'll just say it's on page 110.
by Fallible
Tue Sep 07, 2010 9:33 am
Forum: Investing - Theory, News & General
Topic: Nisiprius Investments Launches New Global Funds
Replies: 46
Views: 6597

nisiprius wrote:Enjoying all the commentary! :)
Me too! And thanks for your clever and witty post!
:D
by Fallible
Sun Sep 05, 2010 6:52 pm
Forum: Investing - Theory, News & General
Topic: Nisiprius Investments Launches New Global Funds
Replies: 46
Views: 6597

Re: Nisiprius Investments Launches New Global Funds

I * The Nisiprius Globaloney Fund. A fund-of-funds, investing in a cap-weighted mix of every mutual fund containing the word "global," assuring that you will get in on every aspect of the hot new trend toward global investing. "Hot new trend" sounds like market timing and performance chasing to me,...
by Fallible
Sat Sep 04, 2010 5:51 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein on managing your portfolio
Replies: 106
Views: 15725

Skepticism, coupled with coming to your own conclusions based on your own understanding, I think, is really the most thoughtful position to take, rather than trusting even someone with a long record of sound advice. Concomitantly, asking for advice should be about asking others to help you formulat...
by Fallible
Sat Sep 04, 2010 4:46 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein on managing your portfolio
Replies: 106
Views: 15725

I don't think you have to fully understand the evidence in favor of passive index investing, boglehead type strategies for asset allocation, tax loss harvesting, etc. That is, you don't have to understand it with the depth and complexity of William Bernstein, Larry Swedroe, Burton Malkiel, etc. But...
by Fallible
Sat Sep 04, 2010 3:41 pm
Forum: Investing - Theory, News & General
Topic: John Bogle interview, "Bogle Talks Rules, When To Bend
Replies: 4
Views: 1730

Re: Character Counts

Investor's Business Daily is primarily a newspaper for individual stock pickers. Their editors must have debated publishing this interview in which Mr. Bogle said: Buying individual stocks is a fool's game. AND The vast majority of shareholders should rely on broad, total stock market, total bond m...
by Fallible
Fri Sep 03, 2010 12:27 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein on managing your portfolio
Replies: 106
Views: 15725

Re: FAs are in the most intelligent 0.01% ??????

In brief, you don't have to know and understand why indexing usually beats active investing, if you trust the empirical data that shows this to be true. It may be enough to know that you don't know how assets get priced. I agree! I'm a longtime indexer who doesn't know all the math behind indexing,...
by Fallible
Thu Sep 02, 2010 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Just a quick question
Replies: 19
Views: 2658

Re: Just a quick question

It seems to me that right now while things are so low is the time for young investors such as myself to be putting every extra dollar into the market as the only way to go is pretty much up which may take years but hey I've got 30+ years to go. Is there something I'm missing or what? The market wil...
by Fallible
Thu Sep 02, 2010 5:37 pm
Forum: Investing - Theory, News & General
Topic: USA Today: A "lost generation" of investors?
Replies: 21
Views: 3379

Re: USA Today: A "lost generation" of investors?

Hi Bogleheads, USA Today has an article on a supposed "lost generation" of investors -- Personally, I'm dubious of this; I think people will come back once there's a bull market -- there will be lots of buying at the top... I go with Jim Paulsen mentioned in the article: "A lost generation? I don't...
by Fallible
Wed Sep 01, 2010 7:58 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Why buy and hold isn't a good strategy
Replies: 58
Views: 8807

Title is misleading. Sure, but it will draw people to the thread. (It worked for me, anyway) It drew me in and my comment is that it is very good advice on why you shouldn't be "totally inactive." It reminded me of a chapter from Jonathan Clements's "The Little Book of Main Street Money," Chapter 1...
by Fallible
Wed Sep 01, 2010 5:32 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein on managing your portfolio
Replies: 106
Views: 15725

Re: William Bernstein on managing your portfolio

I feel I understand, and for the most part agree, with Mr. Bernstein's "four abilities" (I'm basically DIY with occasional help from advisers and a great admirer of Mr. Bernstein). But I have many of the questions and concerns expressed in this excellent thread about his "Manifesto" conclusions and ...
by Fallible
Mon Aug 30, 2010 10:35 am
Forum: Investing - Theory, News & General
Topic: You might be a Boglehead if...
Replies: 23
Views: 4586

Scott S wrote:Hey, those pennies are still legal currency, and my bank still takes them in deposit. 8)
You're absolutely right, of course, so this may be the week I finally take my stash of pennies to the bank. Thanks! :o
by Fallible
Mon Aug 30, 2010 10:19 am
Forum: Investing - Theory, News & General
Topic: What do you REALLY do about the Prospectus?
Replies: 45
Views: 4323

I've always read fund prospectuses looking for risks, expenses, and investments. But I also found them hard to read, even the more simplified versions, and therefore limited. So my investment decisions were based not just on a prospectus, but also on a variety of the best sources I could find.
by Fallible
Sun Aug 29, 2010 2:45 pm
Forum: Investing - Theory, News & General
Topic: You might be a Boglehead if...
Replies: 23
Views: 4586

You might be a Boglehead if: 1 ) you can't sleep at night for thinking of fund fees - or ANY fees; 2) finding out that John Bogle has written another book makes your day; 3) if you replied to Nisiprius's "coins on the sidewalk" and realized for the first time that, not only do you pick up money, you...
by Fallible
Sun Aug 29, 2010 1:26 pm
Forum: Investing - Theory, News & General
Topic: Laura's Latest Forbes Column
Replies: 15
Views: 3654

A great article whose rock-solid advice ought to be carved in stone. http://i33.tinypic.com/drdmyb.jpg http://i34.tinypic.com/wjxg80.jpg I personally sorta-kinda got the savings and debt parts almost right, but I blew the "as early in life as you can" part by being an impoverished grad student unti...