Search found 1737 matches

by steve roy
Tue Aug 27, 2019 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 118685

Re: Why are you NOT buying rental properties?

Depends on risk you wanna take and effort you wanna make.

Thirteen years back I knew a guy who laughed at 401k plans and index funds. Guy put every available cent into rental properties in Arizona. He was highly leveraged but was sure real estate only went up.

Then ‘08-‘09 happened.
by steve roy
Tue Aug 27, 2019 4:09 pm
Forum: Investing - Theory, News & General
Topic: Best of Bogleheads - your #1 takeaway
Replies: 151
Views: 16198

Re: Best of Bogleheads - your #1 takeaway

Get a diversified asset allocation that suits you and stick with it. All else —tilts, non tilts — are small potatoes.
by steve roy
Sun Aug 25, 2019 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 12831

Re: How Have You Planned for Sequence of Return Risk (SOR)?

Yes. Our AA is 30/70, we're in early retirement and spending below our cash flows of pensions, RMDs and SS.

So we're good!
by steve roy
Fri Aug 23, 2019 5:01 pm
Forum: Investing - Theory, News & General
Topic: [Larry Swedroe: Small Value Stocks are Cheap, Factor Investing Works]
Replies: 673
Views: 30589

Re: Larry Swedroe: Small Value Stocks are Cheap

I “believe” in SCV and initially had US domestic equity 50/50 between SCV and TSM. That way it didn’t matter which one performed better. But I cut SCV way back just because Jack Bogle cautioned against having more than a slight tilt since SCV meant taking on more risk. So now I’m 40% TSM, 20% SCV. ...
by steve roy
Tue Aug 20, 2019 9:44 am
Forum: Investing - Theory, News & General
Topic: Investing with ballooning us debt levels?
Replies: 22
Views: 2031

Re: Investing with ballooning us debt levels?

You better hope that the debt remains as high as it is. Imagine if we paid of the debt. What would happen to the economy if we sucked $23 trillion in taxes out of the nation’s citizens! Top Marginal tax.rate under President Ike was 90-92%. Economy grew fine, big freeway system got built, and life h...
by steve roy
Sun Aug 18, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 15214

Re: Anyone retire in their 30s?

Here's a guy who retired in his mid 30s: Paul Terhorst. https://www.amazon.com/Paul-Terhorst/e/B000APQCD4/ref=dp_byline_cont_pop_book_1 The linked tome was written decades ago, and influenced tons of people. The financial advice in it is long out of date, but the rest of the work still resonates. (T...
by steve roy
Sun Aug 18, 2019 12:23 pm
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 360
Views: 61522

Re: The One-Fund Portfolio as a default suggestion

35% Wellington and 65% LifeStrategy Moderate Growth would be a dandy allocation, even though it’s a horrid Two-Fund portfolio.
by steve roy
Tue Aug 13, 2019 1:12 am
Forum: Investing - Theory, News & General
Topic: [Vanguard ongoing glitches, August 12-13, 2019]
Replies: 256
Views: 18954

Re: [Vanguard price glitches, incorrect market info for August 12, 2019]

Happily, I look at my accounts only once in a while.

Just now seeing that something was amiss. Glad I missed the coronary.
by steve roy
Sat Aug 10, 2019 4:59 pm
Forum: Personal Consumer Issues
Topic: Critique my exercise routine because it's not working for me
Replies: 160
Views: 11452

Re: Critique my exercise routine because it's not working for me

I won't give you tips on exercise. Any combination of cardio and muscle building 4-7 days per week will suffice. The KEY is calorie counting (or whatever you want to call it.) It's all about diet and here's why I believe that: I ran and worked out from the age of 18, and kept my 6' 2 1/2" frame in t...
by steve roy
Sat Aug 10, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Have you started a blog?
Replies: 32
Views: 3279

Re: Have you started a blog?

I started an entertainment industry blog centering on animation in 2007 (or thereabouts). At the beginning, I did it with an animator at one of the large cartoon studios, but he dropped away after a time and I then did all the content myself. (We never had ads up on the blog. It made no money, it ju...
by steve roy
Fri Aug 09, 2019 7:15 pm
Forum: Personal Investments
Topic: Complement to Vanguard Wellington Fund
Replies: 12
Views: 2949

Re: Compliment to Vanguard Wellington Fund

I utilize both Vanguard's index funds and actively managed tax exempt bond funds; also Wellesley actively managed stock and bond fund. Overall cost: 10 basis points.

30/ 70 stock bond allocation.
by steve roy
Mon Aug 05, 2019 1:52 pm
Forum: Personal Investments
Topic: Buy During This Dip?
Replies: 99
Views: 13741

Re: Buy During This Dip?

Follow your IPS. Rebalance your asset allocations as needed.
by steve roy
Mon Aug 05, 2019 1:50 pm
Forum: Personal Investments
Topic: Portfolio Question
Replies: 24
Views: 1283

Re: Portfolio Question

Since the listed funds are what you have to go with, I would do the following ... Total World (VT) Small Cap Value (VSIAX) Short Term bonds (VSGDX) I don't know how old you are, but assuming you are somewhere between 28 and 45 with decades of sweat equity ahead of you, I would divide the above up as...
by steve roy
Mon Aug 05, 2019 10:49 am
Forum: Personal Investments
Topic: Portfolio Question
Replies: 24
Views: 1283

Re: Portfolio Question

Glad to help, but I don't want to look up all the names to your letter symbols. The names of the available funds would be useful.

[Edit]: And I got beaten to the punch...
by steve roy
Sun Aug 04, 2019 5:28 pm
Forum: Personal Investments
Topic: How much Small Cap Value?
Replies: 52
Views: 5272

Re: How much Small Cap Value?

Just listened to the Ferri-Swedroe Boglehead podcast on investing. Larry S. said that Small Cap Value can underperform for large stretches of time. He also pointed out that Large Cap Blend (Total Stock Market) can underperform other assets for long periods. And there's no way to predict with certain...
by steve roy
Sun Aug 04, 2019 12:51 pm
Forum: Personal Investments
Topic: California muni bonds
Replies: 5
Views: 730

Re: California muni bonds

Buy the Vanguard bond fund (intermediate is good) or go through the brokerage. I think one of the CA funds would be better for diversification.
by steve roy
Thu Aug 01, 2019 3:07 pm
Forum: Investing - Theory, News & General
Topic: Vanguard promoting their Actively managed funds
Replies: 54
Views: 5033

Re: Vanguard promoting their Actively managed funds

Vanguard’s active STAR fund of funds is competitive. (I don’t own it.)

Wellesley is a most excellent active fund...and I own plenty of that. Jack Bogle owned Wellington.

There’s nothing wrong with owning low-cost, well-managed active funds.
by steve roy
Tue Jul 30, 2019 6:20 pm
Forum: Personal Consumer Issues
Topic: Southern California Family Vacation Recommendations
Replies: 11
Views: 1029

Re: Southern California Family Vacation Recommendations

I’ll make an offbeat suggestion (because they are close together): LA. Zoo, Hollywood Hills Forest Lawn for the monuments (Stan Laurel, others) and the replicas of old churches. Glendale Forest Lawn has even more interesting buildings and exhibits) and Travel Town — filled with old locomotives and t...
by steve roy
Wed Jul 24, 2019 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: If you are already retired.. is this true?
Replies: 49
Views: 6472

Re: If you are already retired.. is this true?

The technical term for this treatise is ... flapdoodle. Every retiree's situation is different. A retiree that has 1) pension, 2) 401(k), 3) maxed out 401(k), 4) low expenses (paid-off house, no ongoing support of parents/children, low monthly bills, etc.) doesn't need millions in assets. They very ...
by steve roy
Tue Jul 23, 2019 5:12 pm
Forum: Personal Investments
Topic: Rebalancing
Replies: 10
Views: 631

Re: Rebalancing

The way I do it in a tax-advantaged account is add to the fund(s) that is/are low, and subtract from the fund(s) that is/are high.

Simple.

But the tax-advantaged side needs to work with the investment side to get the overall allocation right.
by steve roy
Sun Jul 21, 2019 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 289
Views: 24174

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

bluebolt wrote: Sun Jul 21, 2019 5:29 pm
steve roy wrote: Sun Jul 21, 2019 3:46 pm One of the large impediments to moving to desirable parts of California now is the exorbitant prices for houses *and Prop 13*.
Fixed that for you :happy
Yup. Distorting.

Prop 13 great for people who bought real estate low. But a detriment for people buying now.
by steve roy
Sun Jul 21, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 289
Views: 24174

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

Too many variables, I think, to say HC or LC is better for net worth/wealth building. In our case, I ended up in a higher paying job in the San Fernando Valley (CA) and stayed in the job for 27 years. DW also worked. We sent our kids to public schools/colleges and saved saved SAVED. The BIG variabl...
by steve roy
Sun Jul 21, 2019 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 289
Views: 24174

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

Too many variables, I think, to say HC or LC is better for net worth/wealth building. In our case, I ended up in a higher paying job in the San Fernando Valley (CA) and stayed in the job for 27 years. DW also worked. We sent our kids to public schools/colleges and saved saved SAVED. The BIG variable...
by steve roy
Fri Jul 19, 2019 3:41 pm
Forum: Investing - Theory, News & General
Topic: Should my retirement portfolio be considered separate from my taxable funds?
Replies: 35
Views: 4102

Re: Should my retirement portfolio be considered separate from my taxable funds?

We treat investments and tax-sheltered retirement accounts as one portfolio.

I mean, the money you've got is the money you've got, it ain't in separate, stainless steel silos. Look at your overall stock-bond allocation as one thing.
by steve roy
Fri Jul 19, 2019 3:37 pm
Forum: Personal Investments
Topic: My quick review & some guidance needed
Replies: 23
Views: 1893

Re: My quick review & some guidance needed

Backdoor Roths are peachy, but given your age ... and when you plan/hope to retire, you have plenty of time to do BRs later, no? So I guess I would say, maximize investment savings and retirement contributions NOW. We, too, hail from Cali. We spent our entire working lives there, and despite the HCO...
by steve roy
Fri Jul 19, 2019 3:27 pm
Forum: Personal Investments
Topic: 60/40 or 40/60 Stock/Cash for retired folks in mid 60s
Replies: 23
Views: 3010

Re: 60/40 or 40/60 Stock/Cash for retired folks in mid 60s

The wife and I have a 30/70 portfolio, mildly tilted to size and value; 22% International. Since you're asking, I recommend a 40/60 portfolio, split between domestic, international and intermediate bonds. LifeStrategy Conservative Growth is good, as is a three-fund portfolio, as is slice and dice if...
by steve roy
Fri Jul 19, 2019 3:14 pm
Forum: Personal Investments
Topic: Gold?
Replies: 137
Views: 9111

Re: Gold?

by steve roy
Fri Jul 19, 2019 1:53 am
Forum: Personal Investments
Topic: Portfolio guidance for a newbie
Replies: 13
Views: 1550

Re: Portfolio guidance for a newbie

Whittle down the student loans as fast as possible. Try, to the best of your ability, to stuff money into the 403b and the Roth IRA. (I think a Target Date Fund or Three-Fund asset allocation is as good as anything.) You'll find out what your risk tolerance REALLY is when you hit a stock market that...
by steve roy
Wed Jul 17, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Are RMDs that bad if you're not an over-saver?
Replies: 194
Views: 23175

Re: Are RMDs that bad if you're not an over-saver?

On the other hand, I hate that RMDs impact the taxing of SS. So I did my first Roth conversion, hopefully enough IRA $ becoming Roth IRA $ will help with SS taxation. When I first started contributing to tax-deferred plans (a 403b back in 1979), SS was completely tax-free. On the other hand, the SS...
by steve roy
Mon Jul 08, 2019 9:48 am
Forum: Personal Investments
Topic: Anyone itching to dabble in crypto?
Replies: 46
Views: 3890

Re: Anyone itching to dabble in crypto?

Itching to dabble? Nobody I know, least of all me.
by steve roy
Sun Jul 07, 2019 7:50 pm
Forum: Investing - Theory, News & General
Topic: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE
Replies: 84
Views: 17041

Re: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE

Re private equity: it keeps coming up in msm that Vanguard is looking to get into private equity, maybe develop a mutual fund that indexes PE. A recent example: https://www.cnbc.com/2019/07/05/investor-karen-firestone-how-vanguard-could-potentially-shake-up-this-closed-market.html So my question: Wi...
by steve roy
Sun Jul 07, 2019 9:21 am
Forum: Investing - Theory, News & General
Topic: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE
Replies: 84
Views: 17041

Re: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE

What's the experts' consensus on a retirement portfolio's asset allocation at 70? 75? 85?

(Some experts think the equity allocation should rise over time ... so I wonder ...)
by steve roy
Sun Jul 07, 2019 9:03 am
Forum: Personal Investments
Topic: 6M retirement asset allocation and tax advice
Replies: 21
Views: 3781

Re: 6M retirement asset allocation and tax advice

We moved from high tax to low tax state. Two private pensions. Husband took SS at 70 and wife (lower earner) took hers at 63. Result: our cash flow more than meets our needs and our liquid assets (AA 30/70) don't need to be touched. Every situation is different but you have enough assets to develop ...
by steve roy
Sat Jul 06, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 16486

Re: Staying the course is so hard (support thread)

Work more total years.

Drop some bread into improvements for the house you've got.

Buy a less expensive car.

Your baselines: time and money. How do you wan to allocate them?
by steve roy
Sat Jun 29, 2019 4:12 pm
Forum: Investing - Theory, News & General
Topic: Hitting Critical Mass and then dealing with those feelings of Surreal
Replies: 51
Views: 7235

Re: Hitting Critical Mass and then dealing with those feelings of Surreal

If your assets are allocated the way you want them to be, stop looking at your investments. You'll brood less over market fluctuations when you're not looking at how they're impacting your stocks and bonds. And it's pretty simple to not look once you train your mind to do it. I look at Vanguard fund...
by steve roy
Sat Jun 22, 2019 4:01 pm
Forum: Personal Investments
Topic: Getting caught up in minutia of investing-How to make things simple
Replies: 45
Views: 4313

Re: Getting caught up in minutia of investing-How to make things simple

I set up an asset allocation, now tweak it minimally, and look at it minimally.

Lately, I’ve been able to avoid peeking for months at a time. Ultimate goal is to visit the AA once a year when I take RMDs.

Hard to get snared by minutia when you pay little attention.
by steve roy
Mon Jun 17, 2019 4:45 pm
Forum: Investing - Theory, News & General
Topic: Should I abandon the Total International Stock Index Fund for greener pastures?
Replies: 142
Views: 16841

Re: Should I abandon the Total International Stock Index Fund for greener pastures?

MotoTrojan wrote: Mon Jun 17, 2019 2:22 pm There is no evidence that the US market can beat Amazon for any extended period of time. Why invest in Total US?
Because there is also no evidence that it can't beat Amazon. Because market results for next week and/or ten years from now haven't happened yet.
by steve roy
Mon Jun 17, 2019 2:17 pm
Forum: Investing - Theory, News & General
Topic: Should I abandon the Total International Stock Index Fund for greener pastures?
Replies: 142
Views: 16841

Re: Should I abandon the Total International Stock Index Fund for greener pastures?

To beat an old drum: you KNOW international will underperform U.S. stocks over the next five ... ten ... fifteen years exactly how? Because CNBC says so? P/Es and P/Bs are more favorable for international than domestic stock, so it’s not necessarily a foregone conclusion that international is a bad ...
by steve roy
Tue Jun 04, 2019 5:50 pm
Forum: Personal Investments
Topic: Play Money in Your Portfolio?
Replies: 12
Views: 1185

Re: Play Money in Your Portfolio?

Nope. Just money money for us. Only individual stocks we have is legacy equities from parent and job.
by steve roy
Mon Jun 03, 2019 4:25 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3123
Views: 229176

Re: Small Cap Value heads Rejoice !!!

Sarcasm never goes out of style ...
by steve roy
Sun Jun 02, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: How long have you been unemployed?
Replies: 97
Views: 12677

Re: How long have you been unemployed?

Hired by company in 1976 (first job after military service) and laid off in 1986. Unemployed for six months (wasn't looking) then DW thought I should start searching for something. Series of jobs for the next three years and four months, none lasting more than nine months. (Taught in a private schoo...
by steve roy
Mon May 27, 2019 10:00 pm
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 166
Views: 20633

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why?

28/72 (currently) Why: 1) Wife and I have good pensions/social security/RMDs going. 2) World being what it is, valuations being what they are, it's good for us to be Con.Ser.Va.Tive. 3) We have a goodly stash and are more concerned with preserving it than risking it. 4) We pln to get less conservati...
by steve roy
Tue May 14, 2019 12:15 am
Forum: Investing - Theory, News & General
Topic: Imperfect market timing still works -- if you stick with it
Replies: 151
Views: 12914

Re: Imperfect market timing still works -- if you stick with it

Brain waves come, and brain waves go. A few years back at this very forum, many were extolling the virtues of "The Permanent Portfolio" (25% GLD, 25% Total Stock Market; 25% long term Treausries; 25% Short Term Treasuries). For a while, this portfolio did outstandingly well. The "oohs" and "aahhs" w...
by steve roy
Mon Apr 08, 2019 12:11 am
Forum: Investing - Theory, News & General
Topic: Indexing beats Wellington and Wellesley right?
Replies: 208
Views: 42903

Re: Indexing beats Wellington and Wellesley right?

I went back as far as I could (Jan 1987) comparing Vanguard 500 at 67/Total Bond at 33 to see how it would relatively compare to Wellington ...and I threw Wellesey into the mix. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2019&lastMont...
by steve roy
Fri Apr 05, 2019 5:20 pm
Forum: Investing - Theory, News & General
Topic: Is there a relatively stable junk bond fund?
Replies: 43
Views: 5766

Re: Is there a relatively stable junk bond fund?

Perhaps a better option would be Vanguard's Target Date Income fund ... or Vanguard's Life-Strategy Income fund.

High quality, broad-based bonds mixed with equities.
by steve roy
Wed Apr 03, 2019 4:11 pm
Forum: Personal Consumer Issues
Topic: Folks in their 60s and above. What early investment on health do you recommend.
Replies: 193
Views: 15904

Re: Folks in their 60s and above. What early investment on health do you recommend.

Brisk walking. (One-plus hour, seven days per week -- no set mileage). On daily rounds, climb stairs rather thn ride elevators or escalators. Upper body strength-training twice a week -- light free weights, machines, pushups, sit-ups (etc.). Diet: Fish, chicken, vegetables (minimal beef, pork, desse...
by steve roy
Wed Apr 03, 2019 1:33 am
Forum: Investing - Theory, News & General
Topic: Indexing beats Wellington and Wellesley right?
Replies: 208
Views: 42903

Re: Indexing beats Wellington and Wellesley right?

If everyone agrees that indexing is superior to actively-managed funds, then why is Wellington and Wellesley still so popular? Not to mention that Wellington and Wellesley have higher expenses as well. Doesn't it make sense to just skip Wellington/Wellesley and build your own "Three-Fund or Four-Fu...
by steve roy
Wed Apr 03, 2019 1:30 am
Forum: Investing - Theory, News & General
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 193
Views: 39161

Re: Study: The Rate of Return on Everything

dodecahedron wrote: Tue Apr 02, 2019 3:38 pm
steve roy wrote: Tue Apr 02, 2019 12:44 am The Finnish have the secret sauce.
The discrepancy between the ranking of Finland´s arithmetic averages vs. their geometric averages tells us that Finland has had a much higher volatility roller coast ride than the other high ranked countries.
"Finnish"? Good golly. How about "The Finns"?
by steve roy
Tue Apr 02, 2019 12:44 am
Forum: Investing - Theory, News & General
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 193
Views: 39161

Re: Study: The Rate of Return on Everything

The Finnish have the secret sauce.
by steve roy
Sun Mar 31, 2019 3:30 pm
Forum: Personal Investments
Topic: Fido Screws Up and Says "Tough Luck"
Replies: 32
Views: 3527

Re: Fido Screws Up and Says "Tough Luck"

If they were three bad weeks would you be demanding Fidelity remove 350 from your account? Seems fair to me. Interestingly, when I was trying to get invested money away from a Financial Advisor I didn't like, he kept sitting on the assets and sitting on the assets. For months. (And my rage increase...