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  1. OP. I remember the FEELING of paying off my mortgage when I was 57. What a relief! Here is another article that may help you decide: https://www.cnbc.com/select/what-age-to-be-debt-free/. In this day and age of tens of thousands of financial blogs, articles, discussions and podcasts, there are hundreds of articles on this one subject and multiple discussions on the Bogleheads forum. FWIW, it's not just the numbers, but the debt free experience that counts too. Heck, if you don't like being debt free, you can always borrow money and purchase Tesla stock like this fellow did: https://www.bogleheads.org/forum/viewtopic.php?t=330263
  2. After all of you newbies come here and get excellent information about changing from those annuities into something like Vanguard, Fidelity or NEA Direct Invest, you will get the returns that you deserve when you construct your diversified portfolio. I use mine as an example. My portfolio is very boring and conservative because I need my portfolio to fund my retirement. It's not for anybody who has pension(s) or are young. You want to be much more aggressive by increasing the stock allocation over the bonds. My Vanguard and TIAA portfolio YTD return is 6.8% for a 34/66 stock bond split after today's close. I am happy with this return. It's almost doubled from the Q3 report at the end of September. The second image is a report generated by Vanguard. It tells me I have too much value stocks, too little international bonds and stocks. Steve
  3. Hi Matt, To answer your question, as others have said, your allocation is NOT too conservative, its not even close to conservatism! My portfolio is definitely conservative because at 73 my bones are beginning to ache! LOLs:
  4. Pushing this announcement up. Everyone is welcome! Register here. Just by observing how Dan Otter, Scott Dauenhauer, Barbara Healy, (first pic below) the United Teachers Los Angeles Union Pre-Retirement Issues Committee Chair, Leonard Goldberg (2nd pic) and former Chair, Dr. Sandy Keaton, put on a financial literacy show that cannot be beat. You can beg, borrow or steal the excellent content presented and use it at your school or district. Dr. Sandy Keaton has been coordinating these workshops twice a year for Los Angeles teachers for over a decade. She is first on the agenda at 8:00 am Pacific time today. Valuable and FREE resources: When COVID is behind us, Dan and Scott are available to go anywhere in the country to provide a workshop for your teachers. If you are a professor at a college or university teaching future teachers, they are especially interested in providing future teachers the financial information they need long before the vultures come into their classroom trying to sell those despicable high cost 403(b) annuities. Tim Ranzetta has been mentioned before on this forum. But for new teachers here and are also interested in teaching your students financial literacy, get to know Tim and his incredible website, Next Gen Personal Finance Discovery. All of his thousands upon thousands of video clips, lesson plans, stock market games, excel spreadsheets, presentations and financial workshops on every conceivable financial topic are FREE. My friends and I have been taking these FREE certification courses: https://www.ngpf.org/certification-course/
  5. Pushing this announcement up: Los Angeles Teachers at L.A.U.S.D. You can get 5 P.D. hours attending. This Saturday on Zoom: Registration here.
  6. Mark your Calendars, Saturday, November 14 8:00-1:00. While the presentation will be geared towards Los Angeles Teachers, it is open to everyone.
  7. I express my political opinions in one place, the ballet box. I do like history. Had I started teaching again, I think I would like to teach history, specifically economic history. My portfolio reflects my life long experience of all the major topics of our life, first the obvious market bull and bear markets, then the economy, politics, social and cultural movements, the financial industry in their constant effort to part me from my money, and economical and political history, and this year, I can add on a health crisis, and my portfolio has worked as it was designed. We think times are bad now. While I was in the Oakland Naval hospital recovering from my Vietnam injuries, I thought I came home FROM a war zone. Within a month MLK and RFK were assassinated. That summer, rioting occurred all over the country. Detroit and the Democratic national convention in Chicago were war zones. In 1968, I came home TO a war zone. (The recent Chicago 7 is great. Highly recommended). In 1863, about 120 New Yorkers were killed in rioting because of the blatantly corrupted conscription regulation that young men could buy their way out harms way for $300.00 during the Civil War. We will get through 2020....American was badly wounded with our Civil War and during the 1960s and the terrible Vietnam War. Humans had political differences since we crawled out of the slime and created political parties.
  8. Hi Tina, Thanks for putting your AA up. I agree with the others that 100% stocks is not a good idea. Furthermore, it is not diversified. You have way too much of your portfolio in growth stocks 60%. Of course, growth has been rip roaring for a couple of years but sooner or later it will change to one or both of the other styles: Value and or Blend. I have all of my stocks in blend so I get reasonable returns over time. I was in growth stocks in the late 90s and I lost 70% in the tech wreck. I will never do that again. It is OK to have 100% stocks if you are a seasoned investor and already been through a rough period. If not scale back into some bond funds as the others have said. In the stock side make sure your AA cover both value and growth, not just one. The Total Stock Market Index and the Total International stock market index covers all stocks including value and growth. Best of fortunes, Steve
  9. Hi hut, Call Vanguard and ask them your question. Below is a real life example of what Tony and krow36 were saying. I created this table for my blog with my portfolio and the ERs. While it is not 100% accurate I simply multiplied the ER times the amount of money in each investment to get a fairly close estimate. For years I have paid between $1100 to $1300 annually. Disclosing in dollars is much clearer than saying I only pay .0064%. I have saved so much in costs, my portfolio went up in value despite taking large distributions occasionally for over a decade since I retired. Of course, I have been lucky that the stock market has soared since 2008 (except with a couple of years with near zero returns). Hope this helps, Steve
  10. Here is my wordy and totally unsophisticated "equation" that I remember learning from middle school: End of 2019 value of portfolio. Example: 100,000 Add in distributions (or subtract contributions) no contributions or distributions for this example Get a current value. Portfolio grew to 110,000. Obviously you have the answer just by looking, 10% YTD RETURN. But lets finish this example. Subtract the end of 2019 value from the YTD total value: 110,000 - 100000 = 10,000 Divide that difference with the end of the year value = the YTD return. 10,000/100000 = .1 or 10% (I still remember my teacher literally showing the class to move the decimal point two digits to the right, add the zero DON"T FORGET THAT ZERO! and replace the decimal point with the % sign). Check your answer by multiplying that RETURN by the end of 2019 value to get the growth of your portfolio: 100000 .10 = 10000 For a math phobic student, I know this is like climbing into the ring facing Muhammad Ali with all of the math power on this forum. You guys will have fun picking this apart! Go for it!
  11. Welcome MissHavisham. I hang out in both places. I also hang out on the presentations that Dan and Scott give on Zoom. They have investing presentations and the next one is next week. Registration: https://403bwise.org/events/details2/event-investing-basics-1 Regarding your concern about "missing out", please allow me to provide a perspective since I have history just based on my age :- ). When I started investing in the stock market in 1994 at the ripe young age of 46, the Dow Jones Industrial Average was an astonishing record high of about 4,500! I was nervous too. Yesterday it closed at 28,586! But during those years, I have also experienced 2 massive crashes and the short lived crash this year. You read CL Collins terrific book. He said to invest forever as the markets will go up OVER TIME 15-20 years. So, you are doing the right thing. I believe most of us here have a international stock market exposure to diversify. Collins follows Bogle's advice is that most people will trust the U.S. Stock market than any other country or style (value vs. growth). I disagree but its a tiny disagreement. My own portfolio is a little more complicated but not much. The point is that I understand how it works with the markets over time. Bonds are tough to understand at first. I read The Only Guide to a Winning Bond Strategy you'll ever need by Larry Swedroe and Bonds Investing for Dummies by Russel Wild. The best way to learn about bonds is to invest in them. Discover the differences in risk and return between short, mid and long durations and how bonds fluctuate when interest rates change. Learn how a bond fund works. But as others said, you are fine with 100% stocks now and slowly add a bond allocation in the future. Bonds do not necessary grow your portfolio, they reduce risk and keep your emotions and your portfolio in check. Again welcome, Steve
  12. I am sure most of you noticed that the market is going back up despite this mess we are involved. My boring portfolio is up YTD, 4.9%. What a year and it is not over yet.
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