Search found 1737 matches

by steve roy
Thu Jul 29, 2010 1:02 am
Forum: Investing - Theory, News & General
Topic: Wise Investing Made Simpler -- A Gem
Replies: 18
Views: 6052

Re: Investing advice

Hi Steve: 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. I suspect your advice was better than the veteran stockbrokers were giving their clients. :wink: Funny thing. I...
by steve roy
Wed Jul 28, 2010 6:57 pm
Forum: Investing - Theory, News & General
Topic: Wise Investing Made Simpler -- A Gem
Replies: 18
Views: 6052

I know a number of artists in the California cartoon industry. Last month a young animator who works for a large, well-known animation studio told me this cute (chilling?) story: A few years ago when I was just out of art school, I was scuffling around for a job and landed a gig at Morningstar. They...
by steve roy
Tue Jul 27, 2010 11:35 pm
Forum: Personal Consumer Issues
Topic: Solar for Home - Is It Worth Doing?
Replies: 44
Views: 6599

To refine and reiterate: We have different tiers on our electric bill; having the system saves us $90-$100 off the top (most expensive) tier. The financing costs us an extra $60/mnth. So we're $30-$40 (give or take) to the good. But the main reason we did this was to have a smaller carbon footprint....
by steve roy
Tue Jul 27, 2010 4:31 pm
Forum: Personal Consumer Issues
Topic: Solar for Home - Is It Worth Doing?
Replies: 44
Views: 6599

First-person experience: Live in CA; Had "mid-range" $37,000 system installed on roof two years ago. (Alternatives were a smaller, $27,000 system or a larger $47,000 system.) Got $10,000 tax credit, so cost ended up $27,000. Rolled it into a re-fi on the house. Cost: add'l $60/mnth. Electrical cost ...
by steve roy
Thu Jul 22, 2010 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Ben Stein's "wisdom" about the recession
Replies: 34
Views: 4667

gkaplan wrote:I had to sign such a waiver when I got laid off about four years ago. If I had not signed the waiver, my company would not have paid me the eleven months severance pay they had offered.
This is called "Using your leverage."

And they did.
by steve roy
Mon Jul 19, 2010 6:13 pm
Forum: Investing - Theory, News & General
Topic: Vanguard lowers expense ratio on VFSVX.
Replies: 5
Views: 2269

As it gets bigger, it gets less expensive.
by steve roy
Sun Jul 18, 2010 2:44 pm
Forum: Personal Investments
Topic: $180K to invest
Replies: 13
Views: 2826

Me, I would fund the Roth IRA .... ... Set up an Asset Allocation with which I'm comfortable at Vanguard (something along the lines of William Bernstein's "Cowards Portfolio" -- available for viewing at the Wiki) ... ... and tuck six months emergency money away someplace where it's easily accessed. ...
by steve roy
Sun Jul 18, 2010 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Answering the "Do I Have Enough to Retire" questio
Replies: 45
Views: 8552

Today I believe that you need about $3,500,000 in total assets to retire. this would include: your home free and clear, no debt,and a portfolio with an equity to debt ratio of 30% equities and 70% bonds and annuities. But ... but ... my living expenses run a million a year and my $3.5 million only ...
by steve roy
Sat Jul 17, 2010 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Answering the "Do I Have Enough to Retire" questio
Replies: 45
Views: 8552

Today I believe that you need about $3,500,000 in total assets to retire. this would include: your home free and clear, no debt,and a portfolio with an equity to debt ratio of 30% equities and 70% bonds and annuities. But ... but ... my living expenses run a million a year and my $3.5 million only ...
by steve roy
Sat Jul 17, 2010 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Answering the "Do I Have Enough to Retire" questio
Replies: 45
Views: 8552

Today I believe that you need about $3,500,000 in total assets to retire. this would include: your home free and clear, no debt,and a portfolio with an equity to debt ratio of 30% equities and 70% bonds and annuities. But ... but ... my living expenses run a million a year and my $3.5 million only ...
by steve roy
Thu Jul 15, 2010 10:20 pm
Forum: Investing - Theory, News & General
Topic: Your worst investing mistake
Replies: 145
Views: 37423

Two dandy mistakes: 1) Buying a large bar of silver for $800, watching it increase in value to $8000 (during the Bunker Hunt attempt to corner the silver market) ... then watching the bar decline in value -- in three days -- back to $800. 2) Using a "Financial Advisor" for twenty years who took 2% o...
by steve roy
Wed Jul 14, 2010 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Answering the "Do I Have Enough to Retire" questio
Replies: 45
Views: 8552

Today I believe that you need about $3,500,000 in total assets to retire. this would include: your home free and clear, no debt,and a portfolio with an equity to debt ratio of 30% equities and 70% bonds and annuities. But ... but ... my living expenses run a million a year and my $3.5 million only ...
by steve roy
Thu Jul 08, 2010 6:06 pm
Forum: Personal Consumer Issues
Topic: New York Mag article: "Why Parents hate Parenting"
Replies: 160
Views: 16865

Happiness?

I have two grown sons, one in his last year as a teenager.

Parenting is the most life-enhancing, all-consuming, aggravating, joyous, rewarding thing I ever did.

Everything else pales beside it, IMHO.
by steve roy
Wed Jul 07, 2010 11:16 pm
Forum: Personal Consumer Issues
Topic: SoCal Earthquake
Replies: 8
Views: 1344

Sat and my desk looking out at the four lane boulevard. I was jouncing around, but the cars were rolling along without a problem.
by steve roy
Wed Jul 07, 2010 10:43 pm
Forum: Personal Investments
Topic: deleted
Replies: 25
Views: 3232

I've learned one hell of a lot here, and I wanted to give a little something back.

Sadly, a "little something" is what I've got at present. But I'll get better.

Signed, a Rookie
by steve roy
Wed Jul 07, 2010 10:41 pm
Forum: Personal Consumer Issues
Topic: deleted
Replies: 7
Views: 1882

William J. Bernstein's "The Four Pillars of Investing: Lessons for Building a Winning Portfolio."

The man is brilliant, really knows whatof he speaks.
by steve roy
Wed Jul 07, 2010 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Bank interest rates
Replies: 13
Views: 2180

You could also put it in VG Short-term Federal Bond. A little more risk but a little more return.

Of course, if you need the money five weeks from now ...
by steve roy
Wed Jul 07, 2010 1:33 am
Forum: Personal Investments
Topic: Fidelity or Vanguard?
Replies: 22
Views: 11848

Fidelity Spartan Funds are all right, but Vanguard has a wider array of index funds. I think your best bet is to drill down and examine what both Fidelity and Vanguard have to offer. How are their respective costs, how do they track their benchmarks? I more a lot more about VG's lineup than Fidelity...
by steve roy
Sun Jul 04, 2010 4:23 pm
Forum: Personal Consumer Issues
Topic: Thomas Jefferson and John Adams
Replies: 20
Views: 4623

Go watch "1776", the musical starring William Daniels et al.

http://video.barnesandnoble.com/DVD/177 ... 3396058910

It's the perfect DVD with which to wrap up July 4th.
by steve roy
Mon Jun 28, 2010 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Parabolic Gold
Replies: 13
Views: 2150

Parabolic Gold

Commodities investor Dennis Gartman is still way bullish on gold, and thinks it's ready to rocket higher.

http://www.cnbc.com/id/37984822

But I won't be boarding Dennis's starship, as I think that would be a risky move, especially after the recent run to record territory.
by steve roy
Fri Jun 25, 2010 9:43 pm
Forum: Personal Investments
Topic: What to do with 401K-Job ending
Replies: 14
Views: 2410

Absolutely do the IRA rollover. I'm involved in the running of a sizable 401(k) Plan, and like every 401(k) Plan, it has administrative expenses and legal expenses that make it somewhat more expensive than, say, Vanguard index funds. It's unavoidable, so it's good to opt to flip in the money into an...
by steve roy
Fri Jun 25, 2010 9:37 pm
Forum: Personal Consumer Issues
Topic: Vehicles you have owned...
Replies: 162
Views: 28561

Lessee .... 1961 Volkswagen beetle 1971 Datsun 510 wagon 1981 Toyota Corolla All of these were fine cars. But then ... 1986 Pontiac Grand Am ... with the legendary "Iron Duke" engine. Nice design. Bad execution. At 85,000 miles, it was in the shop every two weeks. 1995 Taurus -- liked it a lot, but ...
by steve roy
Sat Jun 19, 2010 9:07 pm
Forum: Personal Consumer Issues
Topic: toy story 3: i'm turning into a softee - & pixar!
Replies: 12
Views: 2176

Pixar's had an unprecedented run. Truly amazing.

I knew John Lasseter when he worked at Disney in the early eighties, have seen him a couple of times in the last few years.

Nice guy.
by steve roy
Thu Jun 10, 2010 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Best state in which to retire or declare residency
Replies: 119
Views: 28083

I've lived in CA all my life, and the taxes have never bothered me. The Mrs. and I are in a high bracket, but we off-load a chunk of state taxes onto Federal itemized deductions. We live in hills near a golf course, the birds always sing, there's an ocean flow and it's only hot a few months per year...
by steve roy
Mon Jun 07, 2010 7:21 pm
Forum: Personal Investments
Topic: Too late to park cash in bonds?
Replies: 17
Views: 4685

How about parking it in Vanguard Short Term Bonds of Vanguard Short Term Federal?

Lessens your downside.
by steve roy
Sun Jun 06, 2010 3:27 pm
Forum: Personal Consumer Issues
Topic: What Book Are YOU Currently Reading? PART III (12/11/2009)
Replies: 424
Views: 79283

Just finished "The Promise" by Jonathan Alter, a book about President Obama's first fourteen months in office. Just starting "Fault Lines" How Hidden Fractures Still Threaten the World Economy" by Raghuram G. Rajan, an economist at the University of Chicago, and former chief economist at the Interna...
by steve roy
Sat Jun 05, 2010 6:06 pm
Forum: Personal Consumer Issues
Topic: RIP John Wooden
Replies: 19
Views: 2607

I was a freshman at UCLA the year Coach Wooden began his run of championships with Kareem.

I doubt that any college coach will ever rival his coaching record.
by steve roy
Fri Jun 04, 2010 11:13 am
Forum: Investing - Theory, News & General
Topic: Mel's Forbes Series on Annuities - Part 1 of 6
Replies: 126
Views: 21089

Too rich for my blood. I abandoned my Financial Advisor because of high fees. No need to plunge back in via annuities.

But an interesting column, nevertheless.
by steve roy
Mon May 24, 2010 12:19 am
Forum: Personal Investments
Topic: Bogleheads favorite financial radio talk show host.
Replies: 36
Views: 4138

I used to listen to Brinker fairly frequently, but at some point it always seemed to fit the same pattern: 1. Bob's political opinions 2. Old ladies calling to ask if Bob still thought the Vanguard GNMA fund was safe 3. Bob advocating for nuclear power with guest (I don't necessarily disagree but e...
by steve roy
Sun May 23, 2010 8:09 pm
Forum: Personal Investments
Topic: Bogleheads favorite financial radio talk show host.
Replies: 36
Views: 4138

I listened to Brinker for years, and a friend gave me his newsletter for years.

He gives solid advice on investing, but nobody should take his "market timing" seriously. When you miss the biggest drop in seventy years, you really lose street cred.

And ol' Bob missed.
by steve roy
Sat May 22, 2010 6:47 pm
Forum: Investing - Theory, News & General
Topic: What is your target allocation to TIPS? {Poll}
Replies: 83
Views: 15775

I'm 60% bonds, 40% stocks.

About 40% of the 60% is in TIPS, with the balance in short term federal and treasuries. A teensy bit in foreign bonds and short term munis.
by steve roy
Sat May 22, 2010 6:44 pm
Forum: Personal Investments
Topic: What first brought you to the Boglehead way of investing?
Replies: 70
Views: 10554

The book of the same name.

But I was into Modern Portfolio Theory (Asset Allocation) before the book.
by steve roy
Fri May 21, 2010 12:32 pm
Forum: Personal Investments
Topic: Do you rebalance entire portfolio or just asset class?
Replies: 26
Views: 2852

In '07/'08 I moved from a 50/50 allocation to age-in-bonds allocation. So. Since I'm 61, I have a 61% allocation in bonds (give or take). Of the bond allocation, I'm 50% in short term federal and treasuries, 50% in TIPS. In stocks, I'm weighted (a bit) in value, and Vanguard tells me I'm underweight...
by steve roy
Mon May 17, 2010 12:05 am
Forum: Personal Finance (Not Investing)
Topic: The Importance of Money - Means To an End or End in Itself?
Replies: 32
Views: 5075

Beyond a certain level of pay (enough to have a base-line comfort level), one is sort of gilding the Lexus, isn't one? Reading a book by Paul Terhorst years ago ("Living the American Dream: Retiring at 35") turned my head around. Mr. Terhorst decided in his mid-thirties that he'd had enough of his h...
by steve roy
Sun May 16, 2010 11:49 pm
Forum: Personal Consumer Issues
Topic: What Book Are YOU Currently Reading? PART III (12/11/2009)
Replies: 424
Views: 79283

"13 Bankers" by MIT economist Simon Johnson (and a co-author whose name escapes me).

Terrific analysis of our recent economic troubles, how we got there, and solutions to righting the ship. Very much worth reading.
by steve roy
Sun May 16, 2010 11:45 pm
Forum: Investing - Theory, News & General
Topic: Why Investors Should Resist the Gold Frenzy
Replies: 50
Views: 7178

Economist Nouriel Roubini in his new book "Crisis Economics" says that it's all right to hold a small part of a portfolio in gold as a hedge, but the metal is highly volatile and not necessarily a great investment.

But what does Nouriel know?
by steve roy
Sat May 15, 2010 10:46 pm
Forum: Personal Consumer Issues
Topic: Favorite Movie Scenes
Replies: 59
Views: 8040

"The Sea Hawk"

The swashbuckling sea-faring movie from 1940 Warner Bros.

Scenes: The opening sea battle. And the duel at the end.