Search found 1583 matches

by DaleMaley
Sun Jun 30, 2013 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: 25 years today (how long u been on the job ???)
Replies: 74
Views: 8038

Re: 25 years today (how long u been on the job ???)

Here are the results in graphical and tabular form: http://i42.tinypic.com/v5zguw.jpg It appears the older Bogleheads are self-reporting at a higher rate than the younger Bogleheads, since a previous age poll had the ages of Bogleheads fairly evenly distributed: http://i39.tinypic.com/538xl3.jpg
by DaleMaley
Sat Jun 29, 2013 6:17 pm
Forum: Investing - Theory, News & General
Topic: What do you wish you had learned sooner?
Replies: 104
Views: 17245

Re: What do you wish you had learned sooner?

Another thing that did not apply to me when I was young, was the impact of 401K fees.........because there were no 401Ks. But for young people now, it is a huge deal. I knew from Jack Bogle's books that expenses were a big deal............but on the recent PBS special on 401Ks.........Jack put it in...
by DaleMaley
Sat Jun 29, 2013 3:02 pm
Forum: Investing - Theory, News & General
Topic: What do you wish you had learned sooner?
Replies: 104
Views: 17245

Re: What do you wish you had learned sooner?

When I got out of college and started working, I already learned the value of saving from my parents. I learned about stocks being about the only way to grow wealth from an adult ed classs. The thing I wished I had learned earlier was that a diversified portfolio of index funds is the way to go. I f...
by DaleMaley
Sat Jun 29, 2013 6:28 am
Forum: Personal Finance (Not Investing)
Topic: 25 years today (how long u been on the job ???)
Replies: 74
Views: 8038

Re: 25 years today (how long u been on the job ???)

Job 34 years.
Wife 35 years.
Truck 14 years.
by DaleMaley
Tue Jun 25, 2013 6:55 pm
Forum: Personal Consumer Issues
Topic: Anybody who bought a Kindle go back to regular books?
Replies: 74
Views: 6901

Re: Anybody who bought a Kindle go back to regular books?

Pictures, diagrams, and maps are generally a disaster area and I don't understand why. There doesn't seem to be one publisher in ten that knows how to put a high-resolution image into a Kindle book. And an amazing percentage of the time, they are sideways! I have written and published about 55 shor...
by DaleMaley
Mon Jun 24, 2013 5:25 am
Forum: Investing - Theory, News & General
Topic: High Net worth in retirement
Replies: 15
Views: 3732

Re: High Net worth in retirement

I found this same web site many years ago, and use it for a source of income and wealth distribution in the US........

Here is the page with this data.......

http://www2.ucsc.edu/whorulesamerica/power/wealth.html
by DaleMaley
Mon Jun 17, 2013 5:14 am
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 299
Views: 68167

Re: What age did you reach 100K networth?

Update on poll results:

Image
by DaleMaley
Sat Jun 15, 2013 8:43 am
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 299
Views: 68167

Re: What age did you reach 100K networth?

Out of curiousity, I tallied up the poll results so far...... Here is a link to the Excel file........ https://dl.dropboxusercontent.com/u/34678489/bogleheads%20poll%20at%20what%20age%20did%20you%20hit%20100k%20net%20worth--062013.xls Here is the Excel chart: http://i42.tinypic.com/10zq0ix.jpg I sus...
by DaleMaley
Sat Jun 15, 2013 8:06 am
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 299
Views: 68167

Re: What age did you reach 100K networth?

I had to use the online inflation calculator to figure this one out. I hit $100K in 2012 dollars back in 1981 when I was 26 years old (it only took $37,219 back then). I used...... http://www.westegg.com/inflation/ inflation calculator. I was surprised at the impact of inflation over 31 years, but i...
by DaleMaley
Wed May 29, 2013 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA and College Verification
Replies: 17
Views: 1458

Re: FAFSA and College Verification

Both of my 2 kids finished college, and I had to do the FAFSA thing for each every year, because they got Stafford unsubsidized loans.

I remember giving US1040 info on the FAFSA, but I never had any kind of audit request like the poster is talking about.
by DaleMaley
Sat May 25, 2013 6:19 pm
Forum: Investing - Theory, News & General
Topic: rationale for needing 80% income during retirement
Replies: 46
Views: 5622

Re: rationale for needing 80% income during retirement

The 80% replacement ratio is really a very broad rule-of-thumb. As other posters have stated, you are best to examine your own case,and determine your projected expenses in retirement. If you are a Boglehead "super-saver" type who has the mortgage paid off by retirement, your replacement ratio could...
by DaleMaley
Thu May 23, 2013 5:17 am
Forum: Personal Investments
Topic: Just finished a draft of my IPS, critiques?
Replies: 38
Views: 3149

Re: Just finished a draft of my IPS, critiques?

4) Save at least 30% of my income when I become a new attending physician, and aim to save 50% or more of my income once I am established. My financial modeling work has shown that for non-doctors, a 15% to 20% savings rate (savings as a percent of gross income) is required for retirement. The 20% ...
by DaleMaley
Wed May 22, 2013 5:17 am
Forum: Personal Investments
Topic: Age 44, Time to rebalance, but...
Replies: 14
Views: 2343

Re: Age 44, Time to rebalance, but...

I was 100% stocks from 1979 until 1990. In 1999, at age 44, I switched to 90:10 using Total Bond Fund for bonds. I remember I did not like the idea of starting to invest in bond funds, but I planned on transitioning to a lower risk portfolio when I got to the retirement phase. Each year in December,...
by DaleMaley
Fri May 17, 2013 7:21 am
Forum: Investing - Theory, News & General
Topic: yet more on the 4% rule as research increases
Replies: 22
Views: 2602

Re: yet more on the 4% rule as research incrreses

http://i40.tinypic.com/34ozs50.jpg Let's see, long-term historical average return of the bond market is 5%...........and the stock market 10%. Looking at recent returns, I don't see anything unusual in either stock or bond fund returns......given the normal variability in these annual returns. I gu...
by DaleMaley
Thu May 16, 2013 5:20 am
Forum: Personal Consumer Issues
Topic: Your biggest work victory?
Replies: 53
Views: 7020

Re: Your biggest work victory?

When I was a young engineer with about 10 years on the job, I was given an assignment to develop a new process within the short timeline of 90 days. If I failed to figure it out within 90 days, the company legally could not sell billions of dollars of products because they would not comply with gove...
by DaleMaley
Sat May 11, 2013 5:57 pm
Forum: Personal Consumer Issues
Topic: How Much Did You Spend on Your Engagement Ring??
Replies: 289
Views: 33947

Re: How Much Did You Spend on Your Engagement Ring??

Back in 1978, I spent $1200 for engagement/wedding ring set.

-6.45% of my gross income
-0.78 months of salary
-equal to $4,166 in today's dollars
by DaleMaley
Wed May 08, 2013 7:05 pm
Forum: Personal Consumer Issues
Topic: Books that have actually changed your life, in a way.
Replies: 172
Views: 19980

Re: Books that have actually changed your life, in a way.

In the late 1970's, I used to go over to my friends house and I noticed a Money magazine laying out in his brother's room. I thumbed through it....it looked interesting....so I subscribed to it around 1978. In 1979, I took an adult ed class taught by an Edward Jones broker. As a text book, he used V...
by DaleMaley
Wed May 01, 2013 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Your Dumbest Financial Move
Replies: 166
Views: 18184

Re: Your Dumbest Financial Move

Buying limited partnerships in oil & gas (Petrolewis) and apartments (Consolidated Capital) in the early 1980's from an Edward D. Jones broker. I thought I did my due diligence before purchasing. I researched and Petro-Lewis had a favorable 10 year track record. Little did I know that Congress could...
by DaleMaley
Sun Apr 21, 2013 7:18 am
Forum: Investing - Theory, News & General
Topic: Why are you a boglehead ???
Replies: 60
Views: 5321

Re: Why are you a boglehead ???

Boglehead , n. 1. One who lives below their means so they can save money. 2. The money saved is invested in a diversified portfolio of low-cost index funds. 3. An asset allocation is selected which allows sleeping all night during stock market downturns and no panic selling. I probably learned to l...
by DaleMaley
Wed Apr 17, 2013 6:41 pm
Forum: Investing - Theory, News & General
Topic: [Poll] How do you fit in this glidepath?
Replies: 51
Views: 4856

Re: [Poll] How do you fit in this glidepath?

I seem to recollect a big scatter plot of AA vs age from this forum that was generated previously. Maybe I am imagining something, or maybe someone can find it. I think I am the poster you are thinking of..........from a previous posting of mine....... I am always on the lookout for actual asset al...
by DaleMaley
Wed Apr 10, 2013 5:33 am
Forum: Personal Finance (Not Investing)
Topic: Those of you with alot of money, how did you do it?
Replies: 81
Views: 11644

Re: Those of you with alot of money, how did you do it?

My story is: -got engineering degree -worked summers as plumber to pay my way through college, only $1K in student loan debt -lived below my means and invested minimum of 15% of gross income in stock funds (some years investing as high as 30% of gross) -wife took 15 yrs off work to be stay at home m...
by DaleMaley
Sun Mar 31, 2013 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Reasons for doing FAFSA when you won't qualify for aid?
Replies: 20
Views: 2449

Re: Reasons for doing FAFSA when you won't qualify for aid?

I remember filling out 9 of those stupid FAFSA forms for my 2 kids. We never got a nickel of free money, but the only way we got Stafford unsubsidized loans was by filled out the FAFSA form first, then university got the Stafford loans. If you can get Stafford unsubsidized student loans without havi...
by DaleMaley
Mon Mar 25, 2013 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: [POLL] Are zillow price estimates accurate for your home?
Replies: 62
Views: 7431

Re: [POLL] Are zillow price estimates accurate for your home

I pretty much dismiss the use of Zillow in small towns like mine, less than 5,000 people. There are so few sales to compare to, it is difficult to estimate on so little data.
by DaleMaley
Wed Mar 20, 2013 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do you use an accountant? Why or why not?
Replies: 34
Views: 2635

Re: Do you use an accountant? Why or why not?

I filed my first tax return back in 1978.......using pencil, paper forms, and a calculator. The good part about doing it manually back then was that it taught you how the federal and state taxes processes work. I switched to TurboTax when it first came out and still use it today. I do 6 tax returns ...
by DaleMaley
Mon Mar 18, 2013 5:58 pm
Forum: Personal Consumer Issues
Topic: Things I should buy/experience while in my 30s?
Replies: 112
Views: 13331

Re: Things I should buy/experience while in my 30s?

I got married at 22....and followed Taylor's advice to marry a nice girl :D When we were in our mid 20's, before children, we traveled to Hawaii to visit her sister. We enjoyed Oahu.....and took a weekend trip to Maui. It was great. I think everyone should visit Hawaii at some point in their life......
by DaleMaley
Sun Mar 17, 2013 7:00 am
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your risk aversion when investing?
Replies: 28
Views: 2674

Re: Bogleheads: What is their risk aversion when investing?

I think the asset allocation of actual people more reflects their risk tolerance than any questionaire. Below are the actual AA's per 5 different studies.... http://i43.tinypic.com/k4jleh.jpg As you can see, people's risk tolerance gradually declines as they age. For Bogleheads, % stocks = 114 minus...
by DaleMaley
Fri Mar 15, 2013 6:16 am
Forum: Personal Consumer Issues
Topic: Lionel Trains and your Crystal Ball
Replies: 21
Views: 2676

Re: Lionel Trains and your Crystal Ball

My 1965 Lionel train set is setting in a plain cardboard box in the attic. Unfortunately, the track has started to rust. A few years ago I priced out new track and was surprised how expensive new track was....and I did not buy any new track.
by DaleMaley
Fri Mar 15, 2013 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Poll: Umbrella Insurance
Replies: 34
Views: 3948

Re: Poll: Umbrella Insurance

From two previous 2011 Bogleheads polls ...........

Image


Image
by DaleMaley
Tue Mar 12, 2013 6:46 pm
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 32905

Re: What's your number? Why?

According to one source, less than 2.7% of U.S. households have a net worth over $1 million, and that includes the value of the home. http://cgi.money.cnn.com/tools/networth/networth.html Of course, about half of Bogleheads self-report on polls they have already achieved at least $1 million in net ...
by DaleMaley
Mon Mar 11, 2013 7:39 pm
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 32905

Re: What's your number? Why?

According to one source, less than 2.7% of U.S. households have a net worth over $1 million, and that includes the value of the home. http://cgi.money.cnn.com/tools/networth/networth.html http://i45.tinypic.com/25f5d6u.jpg Of course, about half of Bogleheads self-report on polls they have already ac...
by DaleMaley
Sun Mar 10, 2013 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Helaine Olen: Pound Foolish
Replies: 73
Views: 16500

Re: Helaine Olen: Pound Foolish

I agree with Knight Kiplinger's review of Olen's book........

http://www.kiplinger.com/article/saving ... vable.html
by DaleMaley
Sat Mar 09, 2013 7:33 am
Forum: Personal Consumer Issues
Topic: Wade, What's Your Programming Software ?
Replies: 22
Views: 3225

Re: Wade, What's Your Programming Software ?

I found a relatively low cost add-on to Excel for doing Monte Carlo analysis, RiskAmp http://www.thumbstacks.com/ You can try it out for free for a while. A single user license is $130. I find it relatively user friendly to use. It takes a little while to understand how to set limits and get the pro...
by DaleMaley
Tue Mar 05, 2013 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: 401(k): Are Self-Directed Brokerage Accounts a good idea?
Replies: 23
Views: 5514

Re: 401(k): Are Self-Directed Brokerage Accounts a good idea

At my Fortune 50 company, there is a small annual fee to use the self-directed brokerage account.

Employees can only buy mutual funds, individual stock purchases are prohibited.

I used it to get access to Vanguard Index funds.
by DaleMaley
Sun Mar 03, 2013 1:48 pm
Forum: Investing - Theory, News & General
Topic: Market > Buffet's BRK - Indexing wins again.
Replies: 21
Views: 4375

Re: Market > Buffet's BRK - Indexing wins again.

ivesjl wrote:Dale,
Is it really safe to forecast when the r squared value is so low?
Probably not, since R-squared is so low.

I just wanted to see where the best fit line fell on Buffet's over-performance compared to the S&P 500.

I am going to stick with 100% indexing though, and not buy any Berkshire :D
by DaleMaley
Sat Mar 02, 2013 7:18 pm
Forum: Investing - Theory, News & General
Topic: Market > Buffet's BRK - Indexing wins again.
Replies: 21
Views: 4375

Re: Market > Buffet's BRK - Indexing wins again.

A friend of mine owns Berkshire, I do no own any. He just sent me Buffet's annual report. At the start of it is the historical annual return of Berkshire and the total return of the S&P 500. I plotted the annual amount that Berkshire's return exceeded the S&P 500 since Berkshire started... http://i4...
by DaleMaley
Tue Feb 26, 2013 6:00 am
Forum: Personal Investments
Topic: Is 100% in Municipal Bonds OK?
Replies: 17
Views: 3859

Re: Is 100% in Municipal Bonds OK?

I remember back in 1992 when billionaire Ross Perot made headlines because most of his fortune was invested in municipal bonds.

http://tinyurl.com/a7swoyl
by DaleMaley
Thu Feb 21, 2013 6:16 am
Forum: Personal Investments
Topic: Turbotax 1099-S home sale issue
Replies: 5
Views: 862

Re: Turbotax 1099-S home sale issue

P.S. I could tell you what the IRS says about reporting a sale of your home, but then that would require me to look something up for you, and I have retired. I had to refresh my memory on the IRS capital gains rules on selling houses. I remember back in the early 80's having to keep receipts of eve...
by DaleMaley
Wed Feb 20, 2013 9:17 pm
Forum: Personal Investments
Topic: Turbotax 1099-S home sale issue
Replies: 5
Views: 862

Turbotax 1099-S home sale issue

I normally skip all the general questioning.........and go straight to making entries on the appropriate form. My son got a 1099-s form giving the gross sale proceeds on a house he sold in 2012. I tried to call up form 1099-S to make this entry, but there is no form. I googled and found many people ...
by DaleMaley
Mon Feb 18, 2013 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially in your late twenties?
Replies: 191
Views: 17230

Re: Where were you financially in your late twenties?

On 1/1/1985, I was 30 years old and had a net worth of $75,423. I go my engineering degree and started working at age 22 in 1978 for $18,600 per year salary.

By that point, I had paid off my student loan of $2500 and also saved enough to put 20% down on buying a house.
by DaleMaley
Wed Feb 13, 2013 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Who taught you about money?
Replies: 91
Views: 8691

Re: Who taught you about money?

In the late 1970's, I used to go over to my friends house and I noticed a Money magazine laying out in his brother's room. I thumbed through it....it looked interesting....and I remembered the magazine title. In 1979, I took an adult ed class taught by an Edward Jones broker. As a text book, he used...
by DaleMaley
Sun Feb 10, 2013 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Helaine Olen: Pound Foolish
Replies: 73
Views: 16500

Re: Helaine Olen: Pound Foolish

As I read this thread and then the linked NYTimes opininion piece, I was left wondering: Does Olen have any recommendations? And at about the same time I saw an Edward Jones commercial on television which clearly pushed for "face time" and personal face-to-face advice. Clearly, Vanguard eschews the...
by DaleMaley
Sun Feb 10, 2013 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Helaine Olen: Pound Foolish
Replies: 73
Views: 16500

Re: Helaine Olen: Pound Foolish

I did read every page of her book. She devotes 6 straight pages to the latte factor, pgs 48 to 53, in Chapter Three titled The Latte is a Lie.[/quote I'll be reading it, as well. In the meantime, what is the gist of her message in Chapter 3, "The Latte is a Lie"? Is she saying that cutting out unne...
by DaleMaley
Sun Feb 10, 2013 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Helaine Olen: Pound Foolish
Replies: 73
Views: 16500

Re: Helaine Olen: Pound Foolish

Of course, if after I've read Ms. Olean's latest work, I conclude that my 16 bucks was poorly invested, I'll just have to put off retirement for another year. If the $16 is poorly invested then you will disagree with Ms. Olean's premise that saving on lattes does not matter, and therefore you will ...
by DaleMaley
Sat Feb 09, 2013 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Helaine Olen: Pound Foolish
Replies: 73
Views: 16500

Re: Helaine Olen: Pound Foolish

Bad argument. Suze has said that she's in a very different position financially from the vast majority of her clients; she doesn't need to take equity risk and so she doesn't. (Notice how she's channeling Larry here.) Presumably, if she were 25 and had just saved her first 10 grand, she'd take her ...
by DaleMaley
Sat Feb 09, 2013 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Helaine Olen: Pound Foolish
Replies: 73
Views: 16500

Re: Helaine Olen: Pound Foolish

I just finished reading Olen's book. From my book review on Amazon...... http://www.amazon.com/review/R2V2ING0ALJV6/ref=cm_cr_notf_fhv_prd Good expose but no personal accountability, February 8, 2013 By Dale C. Maley "Index Fund Investor" This review is from: Pound Foolish: Exposing the Dark Side of...
by DaleMaley
Fri Feb 01, 2013 6:43 pm
Forum: US Chapters
Topic: What's the ratio of retired/not retired on this forum?
Replies: 41
Views: 6343

Re: What's the ratio of retired/not retired on this forum?

From a previous May 2011 Bogleheads poll..........

Image
by DaleMaley
Fri Feb 01, 2013 8:49 am
Forum: Investing - Theory, News & General
Topic: College Endowments show Weak Returns
Replies: 10
Views: 1000

Re: College Endowments show Weak Returns

But if you just bought index funds, then no hedge fund guys to wine and dine you :D
by DaleMaley
Fri Feb 01, 2013 8:36 am
Forum: Investing - Theory, News & General
Topic: Madoff versus Ponzi
Replies: 0
Views: 313

Madoff versus Ponzi

http://www.advisorone.com/2013/01/23/was-madoff-a-ponzi

Interesting article comparing Madoff to Charles Ponzi.
by DaleMaley
Mon Jan 28, 2013 9:27 pm
Forum: Personal Consumer Issues
Topic: Scanning 35mm Slides and Color Negatives
Replies: 24
Views: 5038

Re: Scanning 35mm Slides and Color Negatives

10,000 slides.......wow.....I can't imagine handling this many slides! My parents took 2 rolls of slides each year (40 slides per year) for the 10 years between 1960 and 1969. I used a manual viewer and sorted out the best 240 slides. Many were completely black, some clear, and some so dark you coul...
by DaleMaley
Mon Jan 28, 2013 7:38 pm
Forum: US Chapters
Topic: Happy Birthday Taylor
Replies: 81
Views: 8745

Re: Happy Birthday Taylor

Happy birthday Taylor!

Thanks for your incredible patience trying to help so many people on this forum!

Good luck

Dale