Search found 1737 matches

by steve roy
Fri Dec 27, 2019 10:26 pm
Forum: Non-US Investing
Topic: Newbie Investor-Switzerland
Replies: 19
Views: 1698

Re: Newbie Investor-Switzerland

Welcome to the forum! Regarding your retirement account: a broadly diversified, 60% stocks/40% bonds is fine. It's a little conservative for your age, but not by much. (Some people start investing with 60% equities and never change it. The percentage is pretty universal.) Regarding your savings for ...
by steve roy
Sun Dec 22, 2019 1:34 pm
Forum: Investing - Theory, News & General
Topic: Tax Law Changes for 2020
Replies: 355
Views: 28390

Re: Tax Law Changes for 2020

Mel Lindauer wrote: Fri Dec 20, 2019 11:54 pm I think it's important to note that spousal beneficiaries don't have to empy the inherited account in 10 years. That provision only applies to non-spouses.
Now imperative for retirees to stay in good health so they can spend DOWN their IRAs and 401Ks before passing them on.
by steve roy
Sat Dec 21, 2019 7:21 pm
Forum: Personal Investments
Topic: [Portfolio questions]
Replies: 11
Views: 911

Re: [Portfolio questions]

My two cents: You want to keep it simple and diversified, use 50% Wellington or Wellesley (depending on how aggressive you want your portfolio to be), and 50% the Life Strategy Fund of your choice. This will overweight you in domestic stocks, give you a value tilt, and you'll have part of your port...
by steve roy
Sat Dec 21, 2019 6:29 pm
Forum: Personal Investments
Topic: [Portfolio questions]
Replies: 11
Views: 911

Re: [Portfolio questions]

My two cents: You want to keep it simple and diversified, use 50% Wellington or Wellesley (depending on how aggressive you want your portfolio to be), and 50% the Life Strategy Fund of your choice. This will overweight you in domestic stocks, give you a value tilt, and you'll have part of your portf...
by steve roy
Tue Dec 17, 2019 2:09 pm
Forum: Investing - Theory, News & General
Topic: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")
Replies: 60
Views: 9410

Re: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")

I don’t know what the hoo ha is about. ETFs, mutual funds, it’s six of one and half a dozen of the other. I buy ETFs and sit on them. It’s remarkably easy with a modicum of self discipline.
by steve roy
Thu Dec 12, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Most estates don't go through probate [*]
Replies: 39
Views: 5004

Re: Most estates don't go through probate [*]

When my wife’s father died, he left an estate of $99k. A grand more and probate would have been triggered. More money came in and almost pushed it over the $100k marker, but some legal expenses came up and ... no probate. Happily.
by steve roy
Sat Dec 07, 2019 8:43 pm
Forum: Investing - Theory, News & General
Topic: Do you strictly manage your portfolio percentages of stocks and bonds?
Replies: 64
Views: 4918

Re: Do you strictly manage your portfolio percentages of stocks and bonds?

I use the same criterion Bob Newhart used when he was an accountant.

If I'm within a couple of percent of my desired allocation, I'm good.*

* In Newhart's case, if he was "within a couple of bucks of it..."
by steve roy
Sat Dec 07, 2019 1:38 am
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 142
Views: 36027

Re: who here is tempted to pullback on stocks?

I wouldn’t call it a pullback. I’m retired and my IPS says I should rebalance when the stock or bond portion of my portfolio is more than 5% out of whack. My target has been 35/55/10 and today I rebalanced for the first time, reducing equities and increasing bonds. I have to be honest, it was a lit...
by steve roy
Sat Dec 07, 2019 1:30 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229862

Re: Small Cap Value heads Rejoice !!!

One bullet point for Right Now: the S&P 500 index and Total Stock Market Index have, by a country mile, higher valuations than small cap value. Which might mean the future performance of small cap value could be better than large equity.
by steve roy
Sat Dec 07, 2019 1:23 am
Forum: Investing - Theory, News & General
Topic: Total Stock vs. S&P 500
Replies: 55
Views: 6241

Re: Total Stock vs. S&P 500

One of my stupider investment moves was ditching my long-held S&P 500 fund after it declined three years in a row in the early oughts (the last year by 24%, as I recall). Wish I hadn't done that, but I was at the time a poster child for bad investing behavior and didn't know any better. One of the b...
by steve roy
Sat Dec 07, 2019 12:29 am
Forum: Investing - Theory, News & General
Topic: Do the Target Retirement and LifeStrategy funds have Distributions that are fairly stable from year to year?
Replies: 11
Views: 1394

Re: Do the Target Retirement and LifeStrategy funds have Distributions that are fairly stable from year to year?

Target Date funds and Life Strategy funds are better held in tax-sheltered account. (This has probably been stated already; here it is again.) The closest asset allocation fund suitable for the investment side, particularly if you live in a low or no-income tax state, is Vanguard's Tax-Managed Balan...
by steve roy
Sat Dec 07, 2019 12:16 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3126
Views: 229862

Re: Small Cap Value heads Rejoice !!!

The reason the Three Fund Portfolio is beguiling? It performs adequately and (this is important) it is hard to louse up with endless tinkering. There is very little to tinker with. Mike Piper (the Social Security guru) told me some years ago that he switched his investments from multiple funds to a ...
by steve roy
Fri Dec 06, 2019 11:55 pm
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 142
Views: 36027

Re: who here is tempted to pullback on stocks?

I THINK about it, but I'm at a 30/70 target currently and only need to get my 68% bonds back to 70%. I'm pretty much moving nothing, except I switched the duration of some of my bonds from short term to intermediate term. I tend to sit and do nothing for years at a time. (The inner dialogue: "Maybe ...
by steve roy
Fri Dec 06, 2019 4:35 pm
Forum: Personal Investments
Topic: When does the power of compounding interest really kick in?
Replies: 67
Views: 10502

Re: When does the power of compounding interest really kick in?

It kicks in over time. And of course, zig-zags.

Specific example: We put $9000 into Vanguard's "Total Stock Market" two decades ago, and it's worth $57k now. (Some months back it was $58k.)
by steve roy
Fri Dec 06, 2019 4:28 pm
Forum: Personal Consumer Issues
Topic: Mobility issues in a 2 story house
Replies: 73
Views: 3671

Re: Mobility issues in a 2 story house

This is why DW and I purchased a single-story house in which to retire. No WAY did we want to endure the tri-level challenges of the previous house in our sunset years. My grandfather, who died at age 95 after being confined to wheelchair and bed for 4 years, said to me: "If I had done this RIGHT, I...
by steve roy
Fri Dec 06, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: How much money can retirees really save by moving to a state without income tax?
Replies: 143
Views: 12124

Re: How much money can retirees really save by moving to a state without income tax?

Okay, to answer (re-answer?) the question: "How much can you save moving to a state without income tax?"

Other things (cost-of-living, property taxes, housing prices, etc.) can wipe out any no-state-income-tax advantage. That being the case, the other stuff is usually more important.
by steve roy
Fri Dec 06, 2019 2:26 am
Forum: Personal Finance (Not Investing)
Topic: How much money can retirees really save by moving to a state without income tax?
Replies: 143
Views: 12124

Re: How much money can retirees really save by moving to a state without income tax?

There are a lot of variables. Too many, I think, to give some clear, definitive answer. Basically, "it all depends." My example: The Mrs. and I lived in California our entire, working lives. (We were both born there.) California is a state with higher state taxes. BUT ... we put money into 401(k) p...
by steve roy
Thu Dec 05, 2019 5:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Sales Pitch?
Replies: 28
Views: 3314

Re: Vanguard Sales Pitch?

The call displayed as an 800 number (800-345-1344). This is a Vanguard number, as far as I can tell, though I didn't know it at the time. I'm a Flagship investor, but I've never gotten a call with a pitch for using an Advisor before. (Very soft sell, and the short discussion was pleasant. But I made...
by steve roy
Wed Dec 04, 2019 11:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Sales Pitch?
Replies: 28
Views: 3314

Vanguard Sales Pitch?

I received my first sales call from Vanguard (maybe, I guess) yesterday. A very nice man called to ask if I needed help with my portfolio, and if I would like to go over the funds I currently have. He asked if I wanted to go through voice verification so we could do a "deep dive" of the portfolio. I...
by steve roy
Wed Dec 04, 2019 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: How much money can retirees really save by moving to a state without income tax?
Replies: 143
Views: 12124

Re: How much money can retirees really save by moving to a state without income tax?

We moved next door to low-tax, lower housing cost Las Vegas, NV , and tucked the profits from the California house sale away for future use. From Vegas, it's an easy jump back down to So Cal when we need/want to go there. We occasionally come across Nevadans who crab about nasty high-tax California...
by steve roy
Wed Dec 04, 2019 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: How much money can retirees really save by moving to a state without income tax?
Replies: 143
Views: 12124

Re: How much money can retirees really save by moving to a state without income tax?

There are a lot of variables. Too many, I think, to give some clear, definitive answer. Basically, "it all depends." My example: The Mrs. and I lived in California our entire, working lives. (We were both born there.) California is a state with higher state taxes. BUT ... we put money into 401(k) pl...
by steve roy
Sat Nov 30, 2019 8:18 pm
Forum: Personal Investments
Topic: Retirement Portfolio for our Over-Valued times (2020 retirement)
Replies: 11
Views: 4238

Re: Retirement Portfolio for our Over-Valued times (2020 retirement)

I'm a 70 year old retiree: Currently 30/70 (stock/bonds) tilted mildly to small cap value, short term bonds, domestic stocks. The plan is, when valuations return to the saner levels X years hence (I dream), the allocation will change to: 40/60 (stock bonds). Since DW wants to simplify, the allocatio...
by steve roy
Sat Nov 30, 2019 8:10 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5900
Views: 1394378

Re: What Movie Have You Recently Watched?

Midway -- which was better than I expected (I wasn't expecting a lot after reading some reviews). A fairly comprehensive depiction of the battle -- including some short scenes of movie director John Ford supervising camera operators on the island and getting himself wounded. I'm an American history ...
by steve roy
Sat Nov 23, 2019 8:34 pm
Forum: Investing - Theory, News & General
Topic: The Fred Flinstone model portfolio
Replies: 35
Views: 4164

Re: The Fred Flinstone model portfolio

Understand this is the "Golden Butterfly" portfolio by another name.

Also, too, a close cousin of "The Permanent Portfolio".

viewtopic.php?t=223411

viewtopic.php?t=189431
by steve roy
Tue Nov 19, 2019 12:22 am
Forum: Personal Investments
Topic: Any downside to exchanging Vanguard funds regularly?
Replies: 5
Views: 816

Re: Any downside to exchanging Vanguard funds regularly?

I don't know if Vanguard is okay with your approach, or whether it violates one of their rules. (Mechanically, your plan sounds okay to me, but I'm not an expert.) Why don't you call Vanguard and ask if you can execute your "buy and sell" plan in this way? You might have to sell less frequently, but...
by steve roy
Mon Nov 18, 2019 3:15 pm
Forum: Personal Investments
Topic: Do you regret rebalancing over the last few years?
Replies: 69
Views: 6634

Re: Do you regret rebalancing over the last few years?

None.

The rebalancing that goes on via asset allocation funds happens in the tax sheltered part of our portfolio automatically (and we pay no attention), and the taxable equity funds stay as they are.

We are, for better or worse, remorse free.
by steve roy
Fri Nov 15, 2019 7:24 pm
Forum: Personal Investments
Topic: What is YOUR formula in determining whether you're FI? And what did you do after you reach FI?
Replies: 25
Views: 3019

Re: What is YOUR formula in determining whether you're FI? And what did you do after you reach FI?

Formula was simple.

I was 68. Had a pension. Had a clump of savings. I didn’t want to renew a three-year employment contract because I was mentally done. Plus, the Mrs. wanted to hang it up and get the hell out of Dodge.

So we did.
by steve roy
Wed Nov 13, 2019 1:40 am
Forum: Non-US Investing
Topic: Portfolio Review (Australia)
Replies: 4
Views: 541

Re: Portfolio Review (Australia)

The main things to strive for: broad diversification, low cost, and doing an asset allocation that fits your risk tolerance (and age). There's no point in doing an aggressive allocation if you'll lose your nerve when markets go south and you sell at the bottom. The longer I invest, the more I come t...
by steve roy
Sat Oct 26, 2019 1:26 pm
Forum: Personal Investments
Topic: Do You Pay For Financial Advice?
Replies: 76
Views: 5286

Re: Do You Pay For Financial Advice?

Gave up financial advisors twenty-odd years ago when I realized I was getting beaten and robbed on an annual basis. (Taking 2% off the top and under-performing the S&P 500 constitutes high crimes and misdemeanors in my book).
by steve roy
Fri Oct 25, 2019 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 16647

Re: I no longer plan on retiring early

I nursed a similar plan to retire early. But in my case, life kept getting in the way: putting a kid through school; working to max out accounts (etc.). And when the dust cleared, there I was at 68, finally hanging it up. I don't regret doing those extra years. My job was always interesting (even th...
by steve roy
Tue Oct 22, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: For those who are FI: At what point did you begin to relax?
Replies: 76
Views: 11121

Re: For those who are FI: At what point did you begin to relax?

I relaxed three years before retirement when all the financials lined up and I hit 65.
by steve roy
Tue Oct 22, 2019 6:42 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5900
Views: 1394378

Re: What Movie Have You Recently Watched?

Watched the Fathom Events/TCM big screen presentation of “Lawrence of Arabia”. Still a most excellent movie, even if a bit more stately than most of the current crop.
by steve roy
Mon Oct 21, 2019 4:15 pm
Forum: Personal Investments
Topic: Portfolio Review: I want to simplify
Replies: 9
Views: 946

Re: Portfolio Review: I want to simplify

Boil the holdings down. First off, lose the individual stocks and consolidate into diversified index funds — total market, mid cap, small cap, whatever is best for you. By all means hold the stocks until you have long term capital gains or can tax loss harvest. Hard to say if Target Date Funds outpe...
by steve roy
Mon Oct 21, 2019 3:55 pm
Forum: Personal Investments
Topic: High income earner waiting for a bear market to start investing
Replies: 119
Views: 13215

Re: High income earner waiting for a bear market to start investing

What if the market stays “up” for the next 17 years? What’re you gonna do with all your extra loot? Bury it in the back yard?
by steve roy
Mon Oct 21, 2019 3:48 pm
Forum: Personal Consumer Issues
Topic: Living life post smart phone
Replies: 68
Views: 6322

Re: Living life post smart phone

1) Morning: check smart phone. Then put on airplane mode. 2). Lunch: Take off airplane mode. Check new voice mails and texts. Respond as necessary or desired. Put back on airplane mode. 3). Evening: repeat lunch routine. This approach is little different than having a landline with voice mail that y...
by steve roy
Mon Oct 21, 2019 3:33 pm
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 10530

Re: Retiring and Getting Over The Fear of Quitting?

SevenBridgesRoad wrote: Fri Oct 18, 2019 1:58 pm
flyingaway wrote: Fri Oct 18, 2019 1:46 pm By the way, what ages are considered as middle ages?
500 AD to 1500 AD
I fell on the ground laughing.
by steve roy
Mon Oct 21, 2019 3:21 pm
Forum: Investing - Theory, News & General
Topic: [Paul Merriman: This strategy beats a total stock market fund]
Replies: 173
Views: 16423

Re: Paul Merriman article

Merriman’s recommendation is close to what we’re currently doing with equities, though the portfolio has 70% fixed income. My two cents: a three fund portfolio is fine; Merriman’s blend is fine. Lots of combinations will work, but knowing which will work BEST is unknowable until after the fact. The ...
by steve roy
Wed Oct 16, 2019 1:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: the case for global equity investing
Replies: 160
Views: 14071

Re: Vanguard: the case for global equity investing

"Comments?" My equity portfolio is 100% ex-US. Valuation drives long-term returns. Well this is interesting!! I'm sure there have been others, but this is the first report I've seen of somebody eschewing US dominance altogether and betting it all on the other side. That's a heavy bet on the importa...
by steve roy
Sun Oct 13, 2019 3:38 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on clothing?
Replies: 38
Views: 3009

Re: How much do you spend on clothing?

I had a job where I dressed down -- jeans, running shoes, polo shirt.

Didn't have to spend much money on clothes.
by steve roy
Sun Oct 13, 2019 12:36 pm
Forum: Personal Consumer Issues
Topic: Extended Stay in Las Vegas - nearby hiking?
Replies: 10
Views: 1011

Re: Extended Stay in Las Vegas - nearby hiking?

There is also nearby Mount Charleston but it will likely be snow-covered at the time you're in Vegas.
by steve roy
Sat Oct 12, 2019 5:09 pm
Forum: Personal Consumer Issues
Topic: What workout equipment to get?
Replies: 63
Views: 5634

Re: What workout equipment to get?

You don't need a lot of equipment. A few simple free weights/ dumb bells. A pull up bar secured to a doorframe. Two chairs with arms for bar dips.

You can get into shape just as well with a minimalist approach as with $6000 worth of exercise equipment.
by steve roy
Sat Oct 12, 2019 5:03 pm
Forum: Personal Investments
Topic: Allan Roth and Bill Bernstein fixed income portfolio?
Replies: 51
Views: 7170

Re: Allan Roth and Bill Bernstein fixed income portfolio?

People who prefer treasuries and CDs are more interested in the return of their money than the return on their money. A better written version of this may have come from Groucho Marx. Groucho was chided by a friend: "You don't make much money with Treasury bonds." "You do if you if have a lot of th...
by steve roy
Sat Sep 21, 2019 11:56 am
Forum: Personal Investments
Topic: VTIAX International fund - should I give up on it?
Replies: 297
Views: 34332

Re: VTIAX International fund - should I give up on it?

I think it’s desirable to have SOME international, because as Roger Miller has told us:

“Everything changes a little and it should

Good ain’t forever and Bad ain’t for good.”
by steve roy
Tue Sep 17, 2019 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Opening retirement accounts after age 70
Replies: 7
Views: 1133

Re: Opening retirement accounts after age 70

He should set up a tax advantaged account and put contributions (50/50) into Wellesley and LifeStrategy Conservative Growth.
by steve roy
Tue Sep 17, 2019 5:13 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Subaru Outback?
Replies: 84
Views: 11178

Re: Alternatives to Subaru Outback?

GMC Acadia or (the slightly smaller) Terrain.

Our son has leased both, likes both. I find them pretty slick.
by steve roy
Thu Sep 12, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Overshooting Your Number and Discounting Your Starting Balance
Replies: 13
Views: 1508

Re: Overshooting Your Number and Discounting Your Starting Balance

Never understood the “number” thingie. Just worked until 68, had a general idea of the money we would need and the cash flow we had (pensions, RMDs, SS) and went from there. Right now we live comfortably with what comes in. When we reach the wheel chair and drool cup years we’ll tap into the stash, ...
by steve roy
Thu Sep 12, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Overshooting Your Number and Discounting Your Starting Balance
Replies: 13
Views: 1508

Re: Overshooting Your Number and Discounting Your Starting Balance

Never understood the “number” thingie. Just worked until 68, had a general idea of the mone we would need and the cash flow we had (pensions, RMDs, SS) and went from there. Right now we live comfortably with what comes in. When we reach the wheel chair and drool cup years we’ll tap into the stash, s...
by steve roy
Fri Aug 30, 2019 4:01 pm
Forum: Personal Investments
Topic: Where to *invest* additional funds?
Replies: 21
Views: 2480

Re: Where to *invest* additional funds?

First choice would be dealing with the mortgage.

Second/third choice would be investing in Domestic small cap value or international small cap value, since their valuations are attractive.
by steve roy
Wed Aug 28, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 118733

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. Wow. No liquidi...
by steve roy
Wed Aug 28, 2019 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 118733

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. I know a couple...