"Starting Out" Life Stage Chapter Master Thread

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Miriam2
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"Starting Out" Life Stage Chapter Master Thread

Post by Miriam2 »

Hello all Bogleheads!

This is the master thread for the "Starting Out" stage of the new Bogleheads Life Stage Series!

The new Life Stage Chapters are geared towards personal finance issues and topics particularly relevant to a specific stage in our investing life, and are designed to complement the already existing geographic-based Bogleheads Chapters.

We sincerely thank Gail Cox for her tireless work in creating, organizing and coordinating these new chapters over these past months - no small feat, and all done with her characteristic upbeat, sunny outlook and smile, and her great organizational skills :happy

The "Starting Out" Life Stage mission: is to provide education and discussion on investing and personal finance topics geared towards novice investors of any age and young investors just getting started with their finances and careers.

Topics will include -
• Basics of investing & personal finance
• Bogleheads investing philosophy & Jack Bogle
• Asset allocation - assessing your risk tolerance, risk & return
• Costs matter - the impact of costs over time
• Creating & managing your portfolio, selecting funds, staying the course
• Budgeting & managing your money, insurance
• Long-term investing vs. market timing & stock-picking
• Saving & building wealth - compounding over time
• Basic taxes - for creating & managing your portfolio
• Roth conversions, back-door Roths, 401k & IRA rollovers
• Bear markets & recessions

Common new-investor issues we will cover -
-- Why do I have to save for retirement when I'm only in my 20's?
-- What - me worry? I'm 100% stocks and can handle any downturn!
-- What do I just do with this 401k list of funds so I can get on with my life?
-- I'm following my passion! but the salary is low & there's no 401k or health insurance.
-- We're only 26 - do we really need a will?
-- My brother-in-law is an insurance guy who has a good financial plan for us!
-- If I knew then what I know now - advice from senior Bogleheads.
-- Investing is a lifestyle - it's more than putting money in accounts, it's how you live your life.

Our meetings will be posted on this Master Thread. They will also be posted on the Bogleheads Blog Calendar of Events, the Bogleheads Life Stage Chapters thread, and on the Bogleheads Local Chapter threads hosting the meeting.

All Bogleheads are invited to all the meetings - we hope you will join us!

Your Starting Out Chapter Coordinators,
Gouri, Manny, Luke, Miriam2
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Re: "Starting Out" Life Stage Chapter Master Thread

Post by Miriam2 »

Our first "Starting Out" Life Stage Chapter presentation will feature Mike Piper on "Getting Started with Investing."

This will be an enjoyable interactive meeting on Zoom on Tuesday, April 6, 2021, at 8:00 pm EST

Mike is a CPA and well-known author of many articles and books on personal investing, taxes and social security, including his best-seller "Investing Made Simple," and other books in his "Made Simple" series, as well as the popular blog, ObliviousInvestor.com. He is extremely knowledgeable and a delightful presenter and Bogleheads favorite.

Mike will discuss and take your Q's on the basics of investing and personal finance, including:
-- stocks, bonds, mutual funds, ETF's, index funds vs. actively managed funds, target date funds, money market funds, CD's, etc.
-- types of accounts, asset classes
-- asset allocation, risk & return, diversification, creating portfolios
-- long term investing vs. market timing & stock-picking

Although the presentation is designed for novice investors of any age and beginning investors just starting out, all Bogleheads are welcome and encouraged to come and ask Q's and provide their own personal experience with these topics at different levels of investing :happy

To receive the zoom link for this presentation - go to the Bogleheads Virtual Online Chapter or to the South Florida Local Chapter or email SFLBogleheads@gmail.com or send me a PM.
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Re: "Starting Out" Life Stage Chapter Master Thread

Post by Peculiar_Investor »

I've started Outline for starting out life stage in the wiki based on the first post. It links back to this topic via the Further reading section.

As the topic developers, the wiki article can be expanded and improved.
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Re: "Starting Out" Life Stage Chapter Master Thread

Post by Miriam2 »

Peculiar_Investor wrote: Tue Mar 30, 2021 5:20 pm I've started Outline for starting out life stage in the wiki based on the first post. It links back to this topic via the Further reading section.

As the topic developers, the wiki article can be expanded and improved.
Thank you Peculiar_Investor for getting us started in the wiki :happy
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Re: "Starting Out" Life Stage Chapter Master Thread

Post by Miriam2 »

The "Starting Out" chapter of the new Bogleheads Life Stage Series is happy to host its first presentation on Tues, April 6, 2021, at 8:00 pm EST.

This will be an enjoyable interactive meeting featuring Mike Piper on "Getting Started with Investing." Mike is a CPA and well-known author of many articles and books on personal investing, taxes and social security, including his best-seller, "Investing Made Simple."

Although our program is designed for novice investors and those starting out in their investing career, all Bogleheads are welcome to join us and ask Qs and provide their own personal experiences when they first "started out." 8-)

To receive the zoom link - go to the Bogleheads Virtual Online Chapter at virtualbogleheads@gmail.com, the San Antonio chapter at sanantoniobogleheads@gmail.com, or email the South Florida chapter at SFLBogleheads@gmail.com, or send me a PM (private message).
Last edited by Miriam2 on Mon Apr 05, 2021 4:58 pm, edited 2 times in total.
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Re: "Starting Out" Life Stage Chapter Master Thread

Post by daytona084 »

I assume you mean 8PM EDT not EST. Correct?
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Re: "Starting Out" Life Stage Chapter Master Thread

Post by Miriam2 »

daytona084 wrote: Sun Apr 04, 2021 2:55 pm I assume you mean 8PM EDT not EST. Correct?
Yes, it's actually EDT (Eastern Daylight Time) not EST (Eastern Standard Time)

The time zones are still an hour apart either way, however, unless you live in Arizona or Hawaii -and then you know what to do 8-)
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Re: "Starting Out" Life Stage Chapter Master Thread

Post by ObliviousInvestor »

Miriam2 wrote: Sat Apr 03, 2021 10:42 pm The "Starting Out" chapter of the new Bogleheads Life Stage Series is happy to host its first presentation on Tues, April 6, 2021, at 8:00 pm EDT.

This will be an enjoyable interactive meeting featuring Mike Piper on "Getting Started with Investing." Mike is a CPA and well-known author of many articles and books on personal investing, taxes and social security, including his best-seller, "Investing Made Simple."

Although our program is designed for novice investors and those starting out in their investing career, all Bogleheads are welcome to join us and ask Qs and provide their own personal experiences when they first "started out." 8-)

To receive the zoom link - go to the Bogleheads Virtual Online Chapter at virtualbogleheads@gmail.com, the San Antonio chapter at sanantoniobogleheads@gmail.com, or email the South Florida chapter at SFLBogleheads@gmail.com, or send me a PM (private message).
Bumping this for visibility. If you're in the "starting out" stage, join us tomorrow night! Or, if one of your loved ones is just starting out, watch with them. It should be a fun discussion. :)
Mike Piper | Roth is a name, not an acronym.
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Re: "Starting Out" Life Stage Chapter Master Thread

Post by Miriam2 »

ObliviousInvestor wrote: Mon Apr 05, 2021 7:43 pm Bumping this for visibility. If you're in the "starting out" stage, join us tomorrow night! Or, if one of your loved ones is just starting out, watch with them. It should be a fun discussion. :)
Thank you Mike, we're looking forward to your presentation tonight!
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Re: "Starting Out" Life Stage Chapter Master Thread

Post by ObliviousInvestor »

Thanks again for the discussion this evening. It was a pleasure as always to meet with a Bogleheads group. As promised, the slides are below, in PowerPoint or pdf format. Feel free to distribute or reuse them as you please.

https://obliviousinvestor.com/wp-conten ... esting.pdf
https://obliviousinvestor.com/wp-conten ... sting.pptx
Mike Piper | Roth is a name, not an acronym.
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Re: "Starting Out" Life Stage Chapter Master Thread

Post by Mel Lindauer »

ObliviousInvestor wrote: Tue Apr 06, 2021 9:30 pm Thanks again for the discussion this evening. It was a pleasure as always to meet with a Bogleheads group. As promised, the slides are below, in PowerPoint or pdf format. Feel free to distribute or reuse them as you please.

https://obliviousinvestor.com/wp-conten ... esting.pdf
https://obliviousinvestor.com/wp-conten ... sting.pptx
Great informative presentation, Mike!
Best Regards - Mel | | Semper Fi
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Re: "Starting Out" Life Stage Chapter Master Thread

Post by Peculiar_Investor »

ObliviousInvestor wrote: Tue Apr 06, 2021 9:30 pm Thanks again for the discussion this evening. It was a pleasure as always to meet with a Bogleheads group. As promised, the slides are below, in PowerPoint or pdf format. Feel free to distribute or reuse them as you please.

https://obliviousinvestor.com/wp-conten ... esting.pdf
https://obliviousinvestor.com/wp-conten ... sting.pptx
The PDF has been added to the wiki Outline for starting out life stage article in the External links section.
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Re: "Starting Out" Life Stage Chapter Master Thread

Post by LadyGeek »

I should point out that our sister Canadian wiki, finiki, the Canadian financial wiki, has already developed Life Stage outlines.

This is a collaborative effort of the Canadian editors, Peculiar_Investor is an admin for both the Bogleheads and Canadian wikis. The current articles are:
Please feel free to use these articles as guides.

The Bogleheads investment philosophy is world-wide. You don't need Vanguard to do it.

Our sister Canadian forum, Financial Wisdom Forum, has been following this investment philosophy without Vanguard and has been around longer than the Bogleheads forum.

Disclaimer: I'm a member of both forums and am a wiki admin for both the Bogleheads and Canadian wikis.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.
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Re: "Starting Out" Life Stage Chapter Master Thread

Post by kd2008 »

Slide 31 - Can this info be adjusted for current treasury yields? Is there a way? There is practically zero chance that a 100% bond portfolio will have 6% annual return going forward at current yields.

Avg. Annual Return Worst Calendar Year
(1926 – 2019)

100% bonds 6.0% -8.1% (1969)
80% bonds, 20% stocks 7.1% -10.1% (1931)
70% bonds, 30% stocks 7.7% -14.2% (1931)
60% bonds, 40% stocks 8.1% -18.4% (1931)
50% bonds, 50% stocks 8.6% -22.5% (1931)
40% bonds, 60% stocks 9.0% -26.6% (1931)
30% bonds, 70% stocks 9.4% -30.7% (1931)
20% bonds, 80% stocks 9.7% -34.9% (1931)
100% stocks 10.2% -43.1% (1931)
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Re: "Starting Out" Life Stage Chapter Master Thread

Post by ObliviousInvestor »

kd2008 wrote: Wed Apr 07, 2021 12:28 pm Slide 31 - Can this info be adjusted for current treasury yields? Is there a way? There is practically zero chance that a 100% bond portfolio will have 6% annual return going forward at current yields.
The data is just historical data. It's not intended to be a projection of any sort.

If you're looking for projections, Vanguard puts out a document each year. Below is the 2021 edition. You can find their projections for various asset categories in Figures II-5 and II-6 on pages 38 and 40. Note that the projections are nominal and that their inflation projection is also included in the figure on page 40.
https://pressroom.vanguard.com/nonindex ... 120920.pdf
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Re: "Starting Out" Life Stage Chapter Master Thread

Post by kd2008 »

ObliviousInvestor wrote: Wed Apr 07, 2021 12:47 pm
kd2008 wrote: Wed Apr 07, 2021 12:28 pm Slide 31 - Can this info be adjusted for current treasury yields? Is there a way? There is practically zero chance that a 100% bond portfolio will have 6% annual return going forward at current yields.
The data is just historical data. It's not intended to be a projection of any sort.

If you're looking for projections, Vanguard puts out a document each year. Below is the 2021 edition. You can find their projections for various asset categories in Figures II-5 and II-6 on pages 38 and 40. Note that the projections are nominal and that their inflation projection is also included in the figure on page 40.
https://pressroom.vanguard.com/nonindex ... 120920.pdf
Got it. Thank you.
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