Search found 6369 matches

by Fallible
Tue Aug 03, 2010 9:52 am
Forum: Investing - Theory, News & General
Topic: Discipline - Sticking with the Investment Plan
Replies: 30
Views: 3332

From what I've read and experienced, it seems there are two parts to successful investing: one, making wise investment choices and two, having the emotional fortitude to then "stay the course." The latter is where self-discipline comes in and it always seems to be the hardest part. I think Jason Zwe...
by Fallible
Mon Aug 02, 2010 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Dilbert Guide to Investing
Replies: 17
Views: 4594

mickeyd wrote: I have always suspected that Scott Adams is a closet Boglehead. I think Adams is one of the most financially astute cartoonists going, not to mention an excellent writer. But I think he is first and foremost a cartoonist and I'd bet that most, if not all, cartoonists are closet Bogle...
by Fallible
Sun Aug 01, 2010 5:03 pm
Forum: Personal Consumer Issues
Topic: What Is Your Favorite Soup?
Replies: 107
Views: 12352

Munchkin Man wrote: There were a few other exotic ingredients as well, and the Munchkin Man never learned what they were. I'd be willing to bet these "few other" ingredients were what made this Hot and Sour Soup special - especially to discerning palates such as yours. I don't have a soup experienc...
by Fallible
Fri Jul 30, 2010 9:31 am
Forum: Personal Consumer Issues
Topic: To Mac or not to Mac? That is the question...
Replies: 304
Views: 29311

I've worked on both Macs and PCs (in one office, there was a Mac on one side and a PC on the other and we switched back and forth several times daily with no problem). I, and others in the office much preferred the Mac's quality, ease of use, and dependability. At home, I've got a 13-year-old Mac th...
by Fallible
Thu Jul 29, 2010 8:36 am
Forum: Investing - Theory, News & General
Topic: Wise Investing Made Simpler -- A Gem
Replies: 18
Views: 5974

Steve Roy wrote: Given our recent financial history, I didn't find it particularly strange or surprising that a 23-year-old kid with no investment chops or investing background whatsoever was giving advice to veteran stockbrokers. The art grad's experience you referred to reminded me a little of Mi...
by Fallible
Thu Jul 29, 2010 8:16 am
Forum: Personal Finance (Not Investing)
Topic: AARP Membership.. is it worth?
Replies: 76
Views: 14094

Chuck T wrote: Their focus seems to have changed from an organization established to help seniors to an organization that wants to sell to seniors. I've belonged to AARP for many years and think it does inform and educate seniors on vital issues. But the insurance and other promotional mailings and...
by Fallible
Wed Jul 28, 2010 11:05 am
Forum: Wiki and Reference Library
Topic: Books (--> Wiki)
Replies: 63
Views: 84060

These lists are great - I can see I've got lots more reading to do. A few more good ones (newish and not so new but always relevant): "The Little Book of Main Street Money," by Jonathan Clements "The Future for Investors," by Jeremy J. Siegel "Master Your Money Type," by Jordan E. Goodman "Irrationa...
by Fallible
Wed Jul 28, 2010 10:46 am
Forum: Investing - Help with Personal Investments
Topic: power of attorney??
Replies: 29
Views: 2949

royal4 wrote:

Just wondering if someone has already been there, done that....
I've been there, done that, but would simply advise you to contact your attorney (who I assume helped you set up your POA) for the best legal advice on this.
by Fallible
Mon Jul 26, 2010 10:21 am
Forum: Investing - Theory, News & General
Topic: Ten Stock-Market Myths That Just Won't Die
Replies: 24
Views: 5299

atomiclightbulb wrote: I think some people, like the guys who took the time to learn about Mortgage Backed Securities, predicted the meltdown, and bet against MBS, succeeded in timing the market. But they had a lot of time to do the research and figure out roughly the dates when such securities wou...
by Fallible
Sun Jul 25, 2010 1:51 pm
Forum: Personal Consumer Issues
Topic: National Constitution Center
Replies: 10
Views: 1807

Nisiprius wrote: Life-size statues at floor level always evoke a visceral reaction. Walking through a roomful of forty of 'em definitely makes an impression, even if I'm not entirely sure what it is or why. I recently re-read a bio of Thomas Jefferson so your photo brought the words to life. Thanks...
by Fallible
Sat Jul 24, 2010 3:46 pm
Forum: Investing - Theory, News & General
Topic: An exchange with a WSJ reporter that made my day!
Replies: 6
Views: 2725

I was in journalism 26 years and can't recall a reader saying that a reporter made their day (though I heard just the opposite...). I saw the WSJ article and chart and think you made a good point with the reporter and I'm glad she agreed with it.
by Fallible
Sat Jul 24, 2010 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Condo Purchase - no reserve funds established
Replies: 13
Views: 4238

TRC wrote: Our attorney has reviewed the condo docs and noted that there is currently no reserve established for condo funds. The fact that your attorney caught the lack of a reserve fund means that he or probably also knows why this is significant and can advise you further, especially on legal re...
by Fallible
Fri Jul 23, 2010 12:27 pm
Forum: Personal Consumer Issues
Topic: Who's not on Facebook? [CNN.com]
Replies: 184
Views: 23557

DaveH wrote: Facebook is a fun way to keep in touch with people. There may be privacy concerns, but the risk is limited to whatever you post - if you don't post personal information that is sensitive, there is really no risk. This seems a well-balanced description of Facebook. I have friends and re...
by Fallible
Thu Jul 22, 2010 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Property management question
Replies: 6
Views: 1223

I, along with some family members, used property management companies to manage rental property we once owned for many years. If you're new to this business, then choosing the right company starts with getting as informed as you can about it, e.g., reading one or two good books on the subject and ta...
by Fallible
Thu Jul 22, 2010 11:12 am
Forum: Investing - Theory, News & General
Topic: Wise Investing Made Simpler -- A Gem
Replies: 18
Views: 5974

murr44 writes: 80% of people do NOT enter Nursing Home care at all. A nursing home is NOT the same as a Skilled Nursing Facility, which is also known as Rehab Facility. One can then deduce that 20% need Nursing Home care. Most people receive custodial care by family; Some others use assisted living...
by Fallible
Wed Jul 21, 2010 10:00 am
Forum: Forum Issues and Administration
Topic: Invasion of the financial advisors?
Replies: 26
Views: 5951

TFB wrote:

They practicing their persuasion skills.
And now they're giving the Bogleheads more opportunities to practice theirs!
by Fallible
Tue Jul 20, 2010 5:52 pm
Forum: Personal Consumer Issues
Topic: 1953--The year I started investing
Replies: 39
Views: 7019

SP-diceman wrote:

If you told someone back then that a reasonable car today would cost $20,000 to $30,000 they would probably have been stunned.

I am stunned today.
by Fallible
Tue Jul 20, 2010 5:08 pm
Forum: Investing - Theory, News & General
Topic: Wise Investing Made Simpler -- A Gem
Replies: 18
Views: 5974

Larry Swedroe: "It is estimated there is nearly a 50% chance a person will eventually require 24-hour skilled nursing care in a long-term care facility." I remember reading somewhere that this estimated percentage does not mean all will need such care permanently. Many patients will be in long-term...
by Fallible
Tue Jul 20, 2010 11:34 am
Forum: Personal Consumer Issues
Topic: Keeping sodium down to the recommended limit
Replies: 40
Views: 3768

To bring my mother's high blood pressure down, her doctor recommended the low-sodium DASH diet. It took her a few months to complete the switch, but she stayed with it and her blood pressure dropped dramatically within a year. She also exercised more, especially daily walks. http://www.nhlbi.nih.gov...
by Fallible
Tue Jul 20, 2010 11:25 am
Forum: Investing - Help with Personal Investments
Topic: What about working part-time during retirement?
Replies: 25
Views: 3937

Before retiring from full-time work, I had planned for years to work part-time in retirement at that part of my career I loved the most. It meant I could finally concentrate on that area alone, plus I could work from home. I got the idea from reading retirement articles, but also from friends and co...
by Fallible
Mon Jul 19, 2010 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement planning books?
Replies: 14
Views: 2262

Jane Bryant Quinn's mammoth and recently updated "Making the Most of Your Money Now" should prepare you for anything and everything financial - all 12-hundred-plus pages of it.
by Fallible
Mon Jul 19, 2010 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a lawyer?
Replies: 16
Views: 3422

Not only should you hired a bankruptcy and/or real estate lawyer, you should do it NOW.
by Fallible
Mon Jul 19, 2010 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Costs of owning a dog...
Replies: 114
Views: 23513

I can't add much to the good advice already given except to say my family and extended families have always had dogs, cats and even some horses. The dogs were both purebreds and mutts - all from shelters and we wouldn't have it any other way. Each dog was different in personality and temperament, al...
by Fallible
Mon Jul 19, 2010 9:29 am
Forum: Personal Consumer Issues
Topic: 1953--The year I started investing
Replies: 39
Views: 7019

Letssgobobby wrote:

in 57 years will the S&P be worth 25*1000 = 25,000?

Will Harvard tuition be $6,000,000?

And that begs the question: in 57 years, what will the average income be?
by Fallible
Sun Jul 18, 2010 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Michelle Singletary on retirement planning benchmarks
Replies: 3
Views: 1299

Johnny, I also like Michele Singletary - definitely Bogleheadish - and liked her article on key benchmarks advocated by Darsi Ringer, vice president and financial consultant for Charles Schwab. I know a lot of retirees like myself, who did consider benchmarks such as these before retiring and still ...
by Fallible
Sun Jul 18, 2010 5:20 pm
Forum: Investing - Theory, News & General
Topic: investing in stocks for the future
Replies: 23
Views: 2954

atomiclightbulb wrote: Long term investors are perhaps less affected, but the problem is that I think nobody really knows exactly how High Frequency Trading affects mutual funds and EFTs. And the latest I've read is that the SEC is still trying to figure out exactly what caused the May 6 crash and ...
by Fallible
Sun Jul 18, 2010 4:52 pm
Forum: Personal Consumer Issues
Topic: Home businesses
Replies: 6
Views: 1214

In preparation for starting a home business some years ago, I was surprised to learn that my townhome had to be in an area properly zoned by the city for a home business and that my townhome association by-laws had to allow it. I was okay in both cases, but if I hadn't been, my plans for a home-base...
by Fallible
Sun Jul 18, 2010 12:22 pm
Forum: Investing - Theory, News & General
Topic: investing in stocks for the future
Replies: 23
Views: 2954

In a July 15 article by Jeff Sommer in "The New York Times," Jeremy Siegel, professor of finance at the Wharton School of the University of Pennsylvania, says everyone should invest in the stock market and keep their money there as long as they can. The article also notes that some bears think Siege...
by Fallible
Sun Jul 18, 2010 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance questions (What do I need?, How to research?, etc)
Replies: 6
Views: 1157

rwwoods writes: I suggest that you visit with an Independent insurance agent. They represent a lot of insurance companies. Talk with the agent about the various types of insurance - that's what they get paid for. I agree. I've used an independent insurance agent to conduct a risk assessment and the...
by Fallible
Sat Jul 17, 2010 10:36 am
Forum: Investing - Theory, News & General
Topic: "Buy and hold gets old"
Replies: 25
Views: 5706

Scottner said:
"To time the market properly, it seems to me you need to have a crystal ball..."
In other words, one can't time the market.
by Fallible
Sat Jul 17, 2010 10:19 am
Forum: Investing - Theory, News & General
Topic: investors or speculators
Replies: 30
Views: 2847

By most definitions I've seen, and generally speaking, investors mainly want to keep their principal safe and they tend to be buy-and-holders. Speculators are more interested in taking big risks to make big gains than in safety of principal. There are more distinctions between the two, but also simi...
by Fallible
Fri Jul 16, 2010 1:18 pm
Forum: Investing - Theory, News & General
Topic: WSJ -- Small Investors Flee Stocks, Changing Market Dynamics
Replies: 62
Views: 10941

Allocatorone: Looks as if you've got a good system going there and you stick to it. It seems right that rebalancing should be based on what your portfolio is telling you, but how about it it gets in and out of whack several times a year (as during the crisis of 'late 08-early '09)? Do you just ride ...
by Fallible
Thu Jul 15, 2010 8:30 am
Forum: Investing - Theory, News & General
Topic: WSJ -- Small Investors Flee Stocks, Changing Market Dynamics
Replies: 62
Views: 10941

Petrico: Yes, there are lots of "mechanisms" to help us keep our emotions in check when investing, such as the target allocations and Bogleheads forum you mention. Two more are rebalancing regularly to maintain target percentages (although it's never been clear to me how often to rebalance), and dol...
by Fallible
Wed Jul 14, 2010 7:26 pm
Forum: Investing - Theory, News & General
Topic: Who buys load funds?
Replies: 105
Views: 10660

I vote for "ignorance, intertia...financial advisers or something else? (I don't watch CNBC)." My first investment was a load fund, sold to me by a broker who, when I asked about fees, waved his hand, shook his head, smiled and said, "Don't worry about fees." And I didn't until I heard about Vanguar...
by Fallible
Tue Jul 13, 2010 10:44 am
Forum: Investing - Theory, News & General
Topic: WSJ -- Small Investors Flee Stocks, Changing Market Dynamics
Replies: 62
Views: 10941

Petrico said: "It's unfortunate that such a simple concept is so difficult for most of us to grasp: buy low, sell high." Buy low, sell high is, indeed, a simple concept. What's not simple are the emotions that cause people to sell low, buy high. I know, probably we all know, we should buy low, sell ...
by Fallible
Mon Jul 12, 2010 4:56 pm
Forum: Investing - Theory, News & General
Topic: Some practical applications of behavioral finance
Replies: 19
Views: 3386

Re Gambling vs Retirement plans:

Jason Zweig's "Your Money & Your Brain" takes up gamblers and gambling.
by Fallible
Sun Jul 11, 2010 3:33 pm
Forum: Investing - Theory, News & General
Topic: Some practical applications of behavioral finance
Replies: 19
Views: 3386

I think Jason Zweig's "Your Money & Your Brain" is one of the better books to explain why people mishandle money. It still might not help advisors educate clients, but at least they'd understand better than ever whey they can't.
by Fallible
Sun Jul 11, 2010 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: switching insurance
Replies: 14
Views: 3218

About nine years ago, I had an independent insurance broker do a risk assessment for me. He listed what I needed and then recommended Michigan-based AutoOwners for all my insurance and I’ve been pleased with them ever since. Before renewing each year, however, I check A.M. Best online ratings to mak...
by Fallible
Sun Jul 11, 2010 10:24 am
Forum: Investing - Theory, News & General
Topic: Your worst investing mistake
Replies: 145
Views: 36725

My worst investing mistake was also my first and it was primarily a lesson in fees. When I started investing in the late '80s, I went through the family broker, who assured me there were no fees to worry about. I refused his suggestion of individual stocks, so he started me off in a mutual fund with...
by Fallible
Thu Jul 08, 2010 5:29 pm
Forum: Personal Consumer Issues
Topic: deleted
Replies: 7
Views: 1835

Two of the most important investing books I've read (and re-read and will read again) are “The Intelligent Investor” by Benjamin Graham (great preface and commentary from Warren Buffett and Jason Zweig in later versions), and "The Bogleheads'' Guide to Investing" (with wise and wonderful foreword by...
by Fallible
Thu Jul 08, 2010 10:31 am
Forum: Investing - Help with Personal Investments
Topic: deleted
Replies: 25
Views: 3188

I’m relatively new to the forum, but I’ve been really pleased with the quality, quantity, and immediacy of information on a variety of topics. It’s not my only source of financial information (and I think the veteran Bogleheads would be the first to recommend gathering info from a variety of sources...
by Fallible
Tue Jul 06, 2010 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: How long do you save parent's docs?
Replies: 10
Views: 2171

......
by Fallible
Tue Jul 06, 2010 12:33 pm
Forum: Investing - Theory, News & General
Topic: So what are we supoosed to do now?
Replies: 62
Views: 8574

Taylor, Nisiprius, Thank you for repeating and expanding on what we all know but need to be reminded of with each crisis - invest well (“accepting the risk”) and stay the course (again “accepting the risk”). Neither of these is ever easy, but with each crisis, they have proven themselves to be right.
by Fallible
Mon Jul 05, 2010 10:01 am
Forum: Personal Consumer Issues
Topic: Thomas Jefferson and John Adams
Replies: 20
Views: 4505

A correction to my post re Jefferson and Adams in France: I said 1874, but meant 1784. Interesting transposition - too much holiday fireworks?

B.J.
by Fallible
Sun Jul 04, 2010 6:22 pm
Forum: Personal Consumer Issues
Topic: Thomas Jefferson and John Adams
Replies: 20
Views: 4505

According to bios I've read (and I've not read all by far), Jefferson and Adams bonded deeply while both were diplomats in France, starting around 1784 (not 1874 - jeff mc). Adams's wife, Abigail, was something of a link between them, and quite a force in her own right. Their temperaments were exact...
by Fallible
Sat Jul 03, 2010 2:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard CEO's "Five-Minute Rule"
Replies: 16
Views: 3620

I also think it would take more than five minutes for most investors to TRULY understand a financial product (though I also agree this may work well for Vanguard). But if the product is bad, there probably would be lots of clues to that in the first five minutes - clues that you should "walk away." ...
by Fallible
Sat Jul 03, 2010 1:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Back Office Mess
Replies: 41
Views: 7604

I've been sending checks (Vanguard deposit slips and envelopes) to Vanguard for many years with no problems. Recently, however, their "back office" twice mishandled a simple request for a checkbook on a new account. To their credit, they were honest about what had happened and immediately sent my ch...
by Fallible
Fri Jul 02, 2010 8:31 pm
Forum: Personal Consumer Issues
Topic: Buying a rental car
Replies: 21
Views: 2713

I bought a Hertz rental car in '04. It was a 2003 Mazda Protege sedan with 15,000 miles on it. Was the last year for the Protege, a top-rated small car that has performed perfectly for me (50,000-plus miles) and I hope to drive it many more years. Paid $9500 for it, which I still think was a bit muc...
by Fallible
Wed Jun 30, 2010 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Money, Forbes... What magazines do you subscribe to?
Replies: 62
Views: 8329

If subscription is the key word here, I subscribe only to The New York Times my local paper, and Nutrition Action magazine. The rest - New Yorker, Money, Kiplinger's, Consumer Reports, the local Checkbook, Time, Wall Street Journal, etc., etc., etc., I get online or at the library.

B.J.
by Fallible
Wed Jun 30, 2010 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Young and Frugal
Replies: 11
Views: 2337

Fruga1,

At 21, you're already doing a lot right, especially by taking advantage of the resources on this site. If there'd been a Boglehead.org waaay back when I was 21, I'm sure I would have avoided the mistakes I made.

Good luck!

B.J.