Do you have any guilty pleasure investments?

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TheTimeLord
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Do you have any guilty pleasure investments?

Post by TheTimeLord » Fri Dec 08, 2017 10:25 am

Now that I feel I have enough and believe I am financially independent a behavioral trend has emerged and I have started making investments into things beyond Total U.S. and Total World ex-US (higher risk) and today I finally broke down and put an order in for a guilty pleasure fund I have been eyeing for a few months. My guilty pleasure investment is Fidelity® Blue Chip Growth FBGRX. Do you have a guilty pleasure investment, if so what's yours?
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

Flashes1
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Re: Do you have any guilty pleasure investments?

Post by Flashes1 » Fri Dec 08, 2017 10:29 am

I have two actively managed funds from an old 401(k) that I like: Dodge & Cox International, and American Funds - Europacific.

I believe they have both outperformed the Vanguard - Total International Index fund; therefore, I keep them as a guilty pleasure.

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Sandtrap
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Re: Do you have any guilty pleasure investments?

Post by Sandtrap » Fri Dec 08, 2017 10:38 am

I have a LMP 2 fund basic. But I also have Wellesley Income Fund because my wife and I like the sound of the name. We also have the Balanced Index Fund because DW's recently deceased dad bought into it in 1989 for $40k and never touched it and it grew to $400,000, also because Jack Bogle has it.
Are these "guilty pleasures"?

Would buying stocks of General Dynamics, Boeing, Lockheed Martin, and Northrop Grumman, be "guilty pleasures"?
j :D

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EricaInvestPink
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Re: Do you have any guilty pleasure investments?

Post by EricaInvestPink » Fri Dec 08, 2017 10:39 am

Spouse and I decided go pretty hard into Bitcoin. :sharebeer

Our $25 is now worth about $60. We can now retire a few minutes earlier. :moneybag

chevca
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Re: Do you have any guilty pleasure investments?

Post by chevca » Fri Dec 08, 2017 10:48 am

Are any stocks in the Blue Chip fund not in the total market funds you hold? Way to venture out there, TimeLord. :happy

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TheTimeLord
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Re: Do you have any guilty pleasure investments?

Post by TheTimeLord » Fri Dec 08, 2017 10:54 am

Sandtrap wrote:
Fri Dec 08, 2017 10:38 am
Would buying stocks of General Dynamics, Boeing, Lockheed Martin, and Northrop Grumman, be "guilty pleasures"?
j :D
You naughty, naughty boy.
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ruralavalon
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Re: Do you have any guilty pleasure investments?

Post by ruralavalon » Fri Dec 08, 2017 11:00 am

TheTimeLord wrote:
Fri Dec 08, 2017 10:25 am
Now that I feel I have enough and believe I am financially independent a behavioral trend has emerged and I have started making investments into things beyond Total U.S. and Total World ex-US (higher risk) and today I finally broke down and put an order in for a guilty pleasure fund I have been eyeing for a few months. My guilty pleasure investment is Fidelity® Blue Chip Growth FBGRX. Do you have a guilty pleasure investment, if so what's yours?
No I currently have no guilty pleasure funds. For about 7 years I used to use the very volatile Vanguard Precious Metals and Mining (VPMGX) as part of the international stock allocation, but dropped it about 4 years ago to simplify the portfolio.

Flashes1 wrote:
Fri Dec 08, 2017 10:29 am
I have two actively managed funds from an old 401(k) that I like: Dodge & Cox International, and American Funds - Europacific.

I believe they have both outperformed the Vanguard - Total International Index fund; therefore, I keep them as a guilty pleasure.
Both are very good actively managed funds, well diversified covering both developed and emerging markets, with modest expense ratios. I would not call them guilty pleasures.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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TheTimeLord
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Re: Do you have any guilty pleasure investments?

Post by TheTimeLord » Fri Dec 08, 2017 11:03 am

chevca wrote:
Fri Dec 08, 2017 10:48 am
Are any stocks in the Blue Chip fund not in the total market funds you hold? Way to venture out there, TimeLord. :happy
Uber, it is not about whether they are in or out but the difference in the concentration and/or the lack of other stocks. But yes, it is essentially a growth tilt. The more indexing way would be something like VGT, but that is really a sector that happens to be high growth while this fund crosses sectors. Usually if I buy something that is not a straight up index it is more about what is excluded than what is contained within the investment. This is the same logic I used in my recent international tilt where is was as much about excluding countries and regions as it was about increasing exposure to a specific country or region. I have never looked but I would love a Total Market Fund ex-Energy and Consumer Staples. Of course I could do that by buying sector ETFs and exclude purchasing those 2 sectors, as my portfolio grows I debate doing this with about 15% of my U.S. allocation regularly in my head.
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mortfree
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Re: Do you have any guilty pleasure investments?

Post by mortfree » Fri Dec 08, 2017 11:32 am

I have no feelings of guilt when it comes to my individual stock investments....



.

Minty
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Re: Do you have any guilty pleasure investments?

Post by Minty » Fri Dec 08, 2017 11:38 am

Less than 1% of our portfolio is in high dividend index funds. They've done fine.
Core Four with nominal bonds and TIPS.

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nedsaid
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Re: Do you have any guilty pleasure investments?

Post by nedsaid » Fri Dec 08, 2017 11:41 am

Wow. It seems that by Boglehead standards that much of my investment portfolio is made up of guilty pleasures. I own 22 individual stocks and such things as American Funds EuroPacific Growth.
A fool and his money are good for business.

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midareff
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Re: Do you have any guilty pleasure investments?

Post by midareff » Fri Dec 08, 2017 11:49 am

I play in my Roth which was <3% of portfolio and dabbled with EM, Healthcare, Tech, extended markets and other things, mostly Fidelity Sector Funds for awhile. The only think I have proved is being lucky is far better than being smart as it is now about 7% of total portfolio despite nearly a 5% tax free draw for the last few years. Since I expect selling to be somewhat muted in the beginning of the new year I expect to roll the current Leisure and Financial Services into Total US and Total World x-US and be done with all of it.. LOL, at least that's the plan right now.

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TheTimeLord
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Re: Do you have any guilty pleasure investments?

Post by TheTimeLord » Fri Dec 08, 2017 11:51 am

nedsaid wrote:
Fri Dec 08, 2017 11:41 am
Wow. It seems that by Boglehead standards that much of my investment portfolio is made up of guilty pleasures. I own 22 individual stocks and such things as American Funds EuroPacific Growth.
Oh the humanity.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

azanon
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Re: Do you have any guilty pleasure investments?

Post by azanon » Fri Dec 08, 2017 12:01 pm

I invest $4/week in "Lucky for Life" tickets hoping to win $1,000 a day for life. So far, I haven't won it yet, but I'm committed to the investment though, as the hope brings me pleasure.

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nedsaid
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Re: Do you have any guilty pleasure investments?

Post by nedsaid » Fri Dec 08, 2017 12:21 pm

TheTimeLord wrote:
Fri Dec 08, 2017 11:51 am
nedsaid wrote:
Fri Dec 08, 2017 11:41 am
Wow. It seems that by Boglehead standards that much of my investment portfolio is made up of guilty pleasures. I own 22 individual stocks and such things as American Funds EuroPacific Growth.
Oh the humanity.
The individual stocks are about 12 1/2 percent of my retirement portfolio, so I haven't gone too wild. Last I checked, 35% of my investments were indexed. So I guess I am a Boglehead light.
A fool and his money are good for business.

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TheTimeLord
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Re: Do you have any guilty pleasure investments?

Post by TheTimeLord » Fri Dec 08, 2017 12:26 pm

nedsaid wrote:
Fri Dec 08, 2017 12:21 pm
TheTimeLord wrote:
Fri Dec 08, 2017 11:51 am
nedsaid wrote:
Fri Dec 08, 2017 11:41 am
Wow. It seems that by Boglehead standards that much of my investment portfolio is made up of guilty pleasures. I own 22 individual stocks and such things as American Funds EuroPacific Growth.
Oh the humanity.
The individual stocks are about 12 1/2 percent of my retirement portfolio, so I haven't gone too wild. Last I checked, 35% of my investments were indexed. So I guess I am a Boglehead light.
On the equity side I am roughly 90% indexed with only 1 individual stock.
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itstoomuch
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Re: Do you have any guilty pleasure investments?

Post by itstoomuch » Fri Dec 08, 2017 12:31 pm

CASH
Holding primary Discretionary in cash :oops: :moneybag
Will hold a lot more cash by the end of 2017. :oops: :moneybag
Looking to deploy but valuations are very high and risks - rewards don't look all that good for new and old money. :confused
Any :idea:s, other than giving it to you. :?:
Ymmv :mrgreen:
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nedsaid
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Re: Do you have any guilty pleasure investments?

Post by nedsaid » Fri Dec 08, 2017 12:38 pm

TheTimeLord wrote:
Fri Dec 08, 2017 12:26 pm
nedsaid wrote:
Fri Dec 08, 2017 12:21 pm
TheTimeLord wrote:
Fri Dec 08, 2017 11:51 am
nedsaid wrote:
Fri Dec 08, 2017 11:41 am
Wow. It seems that by Boglehead standards that much of my investment portfolio is made up of guilty pleasures. I own 22 individual stocks and such things as American Funds EuroPacific Growth.
Oh the humanity.
The individual stocks are about 12 1/2 percent of my retirement portfolio, so I haven't gone too wild. Last I checked, 35% of my investments were indexed. So I guess I am a Boglehead light.
On the equity side I am roughly 90% indexed with only 1 individual stock.
Good for you. At some point, I will do consolidation and simplification but I am not there yet. Mostly waiting until age 59 1/2, I have maintained old workplace savings plans as I can tap them without penalty. After age 59 1/2, no longer an issue.
A fool and his money are good for business.

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ruralavalon
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Re: Do you have any guilty pleasure investments?

Post by ruralavalon » Fri Dec 08, 2017 12:43 pm

TheTimeLord wrote:
Fri Dec 08, 2017 12:26 pm
nedsaid wrote:
Fri Dec 08, 2017 12:21 pm
TheTimeLord wrote:
Fri Dec 08, 2017 11:51 am
nedsaid wrote:
Fri Dec 08, 2017 11:41 am
Wow. It seems that by Boglehead standards that much of my investment portfolio is made up of guilty pleasures. I own 22 individual stocks and such things as American Funds EuroPacific Growth.
Oh the humanity.
The individual stocks are about 12 1/2 percent of my retirement portfolio, so I haven't gone too wild. Last I checked, 35% of my investments were indexed. So I guess I am a Boglehead light.
On the equity side I am roughly 90% indexed with only 1 individual stock.
Age 72, and retired. Formerly more complex and as not much indexed. We are now 100% indexed:
Vanguard Total Stock Market Index Fund (VTSAX);
Vanguard Small-cap Value Index Fund (VSIAX);
Vanguard Total International Stock Index Fund (VTIAX); and
Vanguard Intermediate-term Bond Index Fund (VBILX).
Last edited by ruralavalon on Fri Dec 08, 2017 12:46 pm, edited 2 times in total.
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midareff
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Re: Do you have any guilty pleasure investments?

Post by midareff » Fri Dec 08, 2017 12:44 pm

midareff wrote:
Fri Dec 08, 2017 11:49 am
I play in my Roth which was <3% of portfolio and dabbled with EM, Healthcare, Tech, extended markets and other things, mostly Fidelity Sector Funds for awhile. The only think I have proved is being lucky is far better than being smart as it is now about 7% of total portfolio despite nearly a 5% tax free draw for the last few years. Since I expect selling to be somewhat muted in the beginning of the new year I expect to roll the current Leisure and Financial Services into Total US and Total World x-US and be done with all of it.. LOL, at least that's the plan right now.
EDIT NOTE: Of course just as easily I could go EM and EM Bonds

tolerable2323
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Re: Do you have any guilty pleasure investments?

Post by tolerable2323 » Fri Dec 08, 2017 12:51 pm

bitcoin

JeepDaze
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Re: Do you have any guilty pleasure investments?

Post by JeepDaze » Fri Dec 08, 2017 12:52 pm

Biotech stocks

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cinghiale
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Re: Do you have any guilty pleasure investments?

Post by cinghiale » Fri Dec 08, 2017 12:59 pm

100 shares of Norwegian Cruise Lines.

That minimum amount provides an extra $100.00 in onboard spending when on a Norwegian or affiliate cruise.

Definitely more pleasure, not much guilt.
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meercatter
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Re: Do you have any guilty pleasure investments?

Post by meercatter » Fri Dec 08, 2017 1:08 pm

1) Bitcoin. I put in a very small amount about 1.5 months ago and have been enjoying the roller coaster ride :)

2) Square stock. I bought some after the IPO (around $13), and now it's around $38. A few of the most talented people I know work at Square. I had an interview there once (did not get the job, unfortunately), but I was quite impressed with how things were run.

Interestingly, these two "guilty pleasures" are also hands down the two best performing speculations that I have made :)

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TheTimeLord
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Re: Do you have any guilty pleasure investments?

Post by TheTimeLord » Fri Dec 08, 2017 1:09 pm

cinghiale wrote:
Fri Dec 08, 2017 12:59 pm
100 shares of Norwegian Cruise Lines.

That minimum amount provides an extra $100.00 in onboard spending when on a Norwegian or affiliate cruise.

Definitely more pleasure, not much guilt.
Interesting. Good to know.

NORWEGIAN CRUISE LINE HOLDINGS LTD. IS THRILLED TO OFFER OUR SHAREHOLDERS THE FOLLOWING BENEFITS:

$250 Onboard Credit per Stateroom on Sailings of 15 Days or More.
$100 Onboard Credit per Stateroom on Sailings of 7 to 14 Days.
$50 Onboard Credit per Stateroom on Sailings of 6 Days or Less.

This exclusive beneft is reserved solely for shareholders owning a minimum of 100 shares of NorwegianCruise Line Holdings Ltd. at time of sailing. Offer valid for any vacation on Norwegian Cruise Line®, Oceania Cruises® or Regent Seven Seas Cruises®, excluding charter sailings. Additional terms and conditions may apply.* To redeem this special offer, simply complete the attached Shareholder Beneft Request Form and mail or email (with accompanying documentation) request at least 15 days prior to sailing to:
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flamesabers
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Re: Do you have any guilty pleasure investments?

Post by flamesabers » Fri Dec 08, 2017 2:15 pm

Maybe it's because I'm not financially independent, but I don't have any guilty pleasure investments.

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5th_Dimension
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Re: Do you have any guilty pleasure investments?

Post by 5th_Dimension » Fri Dec 08, 2017 2:48 pm

The DW has a new 401K that we weren't expecting. I am throwing all of that into Vanguard Small Cap in addition to our 3 fund portfolio. Makes me feel like a renegade! :D
"My idea of rich is ordering the most expensive thing at Denny's"

Yooper16
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Re: Do you have any guilty pleasure investments?

Post by Yooper16 » Fri Dec 08, 2017 3:42 pm

We are thinking about visiting friends in Colorado. While there, we may research product lines/ business that have been popping up like a weed in the last few years. Is that the type of "guilty" pleasure your were referring to? 8-)

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TheTimeLord
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Re: Do you have any guilty pleasure investments?

Post by TheTimeLord » Fri Dec 08, 2017 3:46 pm

Yooper16 wrote:
Fri Dec 08, 2017 3:42 pm
We are thinking about visiting friends in Colorado. While there, we may research product lines/ business that have been popping up like a weed in the last few years. Is that the type of "guilty" pleasure your were referring to? 8-)
You may end us looking at Constellation Brands.
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TheTimeLord
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Re: Do you have any guilty pleasure investments?

Post by TheTimeLord » Fri Dec 08, 2017 3:46 pm

5th_Dimension wrote:
Fri Dec 08, 2017 2:48 pm
The DW has a new 401K that we weren't expecting. I am throwing all of that into Vanguard Small Cap in addition to our 3 fund portfolio. Makes me feel like a renegade! :D
Tilter, you sir are a tilter.
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an_asker
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Re: Do you have any guilty pleasure investments?

Post by an_asker » Fri Dec 08, 2017 3:56 pm

I wonder what is the total number of bitcoins that all Bogleheads are currently owning as a group?

MJS
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Re: Do you have any guilty pleasure investments?

Post by MJS » Fri Dec 08, 2017 8:34 pm

cinghiale wrote:
Fri Dec 08, 2017 12:59 pm
100 shares of Carnival xxNorwegianxx Cruise Lines.

Definitely more pleasure, not much guilt.
:sharebeer
And I enjoy the dividends each quarter, too, which is a second guilty pleasure. Two for one!

grog
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Re: Do you have any guilty pleasure investments?

Post by grog » Sat Dec 09, 2017 11:03 am

Sandtrap wrote:
Fri Dec 08, 2017 10:38 am
...I also have Wellesley Income Fund because my wife and I like the sound of the name.
Modern funds have very descriptive, utilitarian names that tell you exactly what they do. But there's no personality to it. Wellington is a very classy sounding fund name.

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Sandtrap
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Re: Do you have any guilty pleasure investments?

Post by Sandtrap » Sat Dec 09, 2017 11:15 am

grog wrote:
Sat Dec 09, 2017 11:03 am
Sandtrap wrote:
Fri Dec 08, 2017 10:38 am
...I also have Wellesley Income Fund because my wife and I like the sound of the name.
Modern funds have very descriptive, utilitarian names that tell you exactly what they do. But there's no personality to it. Wellington is a very classy sounding fund name.
"Toons" would agree.
j :D

quantAndHold
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Re: Do you have any guilty pleasure investments?

Post by quantAndHold » Sat Dec 09, 2017 11:20 am

Anytime the Powerball jackpot goes over $100M, I buy a ticket.

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FrugalInvestor
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Re: Do you have any guilty pleasure investments?

Post by FrugalInvestor » Sat Dec 09, 2017 11:23 am

I am as pure as the driven snow.....no guilty pleasures here!
It's probably past time for me to rebalance though.
IGNORE the noise! | Our life is frittered away by detail... simplify, simplify. - Henry David Thoreau

Grt2bOutdoors
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Re: Do you have any guilty pleasure investments?

Post by Grt2bOutdoors » Sat Dec 09, 2017 11:32 am

I own individual equities(s). Enough of them, that I keep the postman busy come annual report time. :wink:
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lostdog
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Re: Do you have any guilty pleasure investments?

Post by lostdog » Sat Dec 09, 2017 11:45 am

1 share of Walmart

Malinois000
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Re: Do you have any guilty pleasure investments?

Post by Malinois000 » Sat Dec 09, 2017 5:04 pm

Bitcoin and so far it has paid off nicely. The next couple of weeks should be interesting now that Wall Street is getting ready to join the party.

goldendad
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Re: Do you have any guilty pleasure investments?

Post by goldendad » Sat Dec 09, 2017 5:13 pm

I sell covered calls on stocks using some of my bond money. I enjoy it and am earning about 10%/yr over the last 7 years. No plans to stop.

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cfs
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Re: Do you have any guilty pleasure investments?

Post by cfs » Sat Dec 09, 2017 5:58 pm

Come on now, is this a serious conversation, or just pleasure talk? With the awesome post election past 12-month gains my imperfect portfolio looks and feels like a pleasure thing. Wishing all forum members and visitors a Merry Christmas, and thanks for reading.
~ Member of the Active Retired Force since 2014 ~

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whodidntante
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Re: Do you have any guilty pleasure investments?

Post by whodidntante » Sat Dec 09, 2017 5:59 pm

It seems that there is a greater unmet demand for puts and puts sometimes come with a nice premium. I've occasionally sold a put for something I might rebalance into during a decline anyway. It's like declaring your commitment to buy at a certain price, and getting a check for making the commitment. I would do this more often if the options market were liquid for some of the things I'd want to rebalance into.

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siamond
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Re: Do you have any guilty pleasure investments?

Post by siamond » Sat Dec 09, 2017 6:35 pm

TheTimeLord wrote:
Fri Dec 08, 2017 10:25 am
Do you have a guilty pleasure investment, if so what's yours?
There is only one possible answer to your question, the aptly named USA Mutuals Vice Fund (VICEX). Unfortunately, I am a boring Boglehead, and I plead not guilty. :wink:

Image

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BuyAndHoldOn
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Re: Do you have any guilty pleasure investments?

Post by BuyAndHoldOn » Sat Dec 09, 2017 7:00 pm

I guess anything beyond Total Stock Market(s)? REITs/Real Estate - US and Intl, Small Cap Value, Vanguard Dividend Growth, Emerging Markets, and potentially some interesting bond choices if there is volatility and I think something is worth buying.

Most of my portfolio is 3-Fund, or attempting to approximate that. (approximately).

racy
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Re: Do you have any guilty pleasure investments?

Post by racy » Sat Dec 09, 2017 7:19 pm

Almost shamed to admit it, but 5% of portfolio is in VGHAX Vanguard Healthcare (managed, sector fund).

TwstdSista
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Re: Do you have any guilty pleasure investments?

Post by TwstdSista » Sat Dec 09, 2017 7:29 pm

racy wrote:
Sat Dec 09, 2017 7:19 pm
Almost shamed to admit it, but 5% of portfolio is in VGHAX Vanguard Healthcare (managed, sector fund).
Doh! Me too! I had approximately 4% in FSPHX Fidelity Select Healthcare. I bought it years ago, I think it was listed in an article somewhere.... Over the past month I've managed to let it go (finally) and move it into FSTVX.

I've also let go of both my Contrafund and REIT funds. Maybe next year I'll look closer at that Small Cap fund as well as FLPSX....

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dougger5
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Re: Do you have any guilty pleasure investments?

Post by dougger5 » Sat Dec 09, 2017 7:34 pm

I/we have a collection of individual stocks in odd lots, as a sort of "personal index." Just companies we patronize or are otherwise associated with. 1.3% of portfolio.
"I've been ionized, but I'm okay now." -Buckaroo Banzai

123
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Re: Do you have any guilty pleasure investments?

Post by 123 » Sat Dec 09, 2017 8:07 pm

I have a small position in an iShares foreign country ETF that follows the stock market of my ancestral homeland. Makes me remember where my family came from whenever I look at my account or get an account statement. It provokes thought into the current economy of that country. I was surprised to find out that such a specific ETF even existed but it was casually mentioned in a posting by another Boglehead a few years ago. The total assets of the fund are under $50M and it doesn't trade a lot, but hey it represents my heritage so I gotta have it.
The closest helping hand is at the end of your own arm.

TG2
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Re: Do you have any guilty pleasure investments?

Post by TG2 » Sat Dec 09, 2017 10:18 pm

Not sure it qualifies as a "guilty pleasure" but it is sentimental in a way. My first investments were in January, 1987. $2000 each into:
American Funds Washington Mutual Investor's Fund (IRA)
American Funds Investment Company of America (Taxable)

I then did another three years of $2000 IRA contributions before having a 401k at work. One thing that was impressed upon me early as a fairly young and new investor was the result of having my first investments be only nine months before Black Monday. The market crashed, dropping 22.6% in one day. It was stunning, but I realized very quickly that the only people who had truly lost money were the ones who sold and locked in their losses. I wasn't going to need the money for decades so let it sit. Those funds are still in my portfolio, many multiples higher than they were then. I may never sell them, who knows, but they are still a good reminder from many years ago.

34Leon
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Re: Do you have any guilty pleasure investments?

Post by 34Leon » Sat Dec 09, 2017 11:07 pm

Yes, anything that is a traditional American company that was strong before I was born. I don't know why, but I root for Ford, GE, US Steel, and others and sometimes buy accordingly.

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