This Pie Chart is our Diversified Portfolio as of June 30, 2015 (Click directly on the Pie Chart to Enlarge it) An Experiential Insight Into Bonds: Maturity (long-term vs short-term) horizon, government vs. corporate, highly rated vs lower rated (risk of getting your money back) and their place in the portfolio. What are the riskiest bonds? …
Part III: The Stock/Bond Allocation Split and Rebalancing Since 2008, a retired friend has put 100% of his money in cash. He recently asked if it’s time to get back into the stock market. You already recognize our friend’s major mistake–100% into anything is not diversification. Still, we can tell a lot about our friend’s …
Part 4: Putting It All Together In Part I we discussed what to ignore in the enormous and complex financial industry and what to focus on–stocks and bonds. The proverbial “needle” in the “needle in the haystack” is found easily. Knowledge of ignoring the financial world ‘s “haystack” is the trick to finding the needle. …
Reforming K-12 Public School District 403(b) Plans Part 1 of a 3-Part Series For Part 2: click here May 7, 2015 Steve Schullo is working to shed light on the awful shortcomings of K-12 403(b) plans. Scott Simon, 05/07/2015 Scott Simon is a principal at Prudent Investor Advisors, a registered investment advisory firm. He also …
Interviewed by Fiduciary Attorney: K-12 403(b) Plans Read More »
Dan and I joined this local professional organization. The Desert Business Association (DBA) serves 300 members who are mostly LGBT locally-owned businesses. Our book designer, Mark, and a fiduciary financial adviser, Bob, told us about the DBA mixers hosted by different members at their place of business. This gives members and chance to talk about …
CBS Money Watch Interviewed Dan and I about investing and teachers. The following articles are not just for teachers, but for ALL investors. CBS Money Watch financial reporter, Kathy Kristof, published her article here based on data from this website Openfolio. Here is another article, “Why Teachers Make Good Investors,” for more information about teachers and their remarkable investment acumen. But …
CBS Money Watch’s “Report Card:” Teachers Earn an “A” on Investing! Read More »
From Fighting Over Money Issues: To Working Together: We think we have something valuable to say about couple disagreements as we celebrate our 40th anniversary this year. We believe our experience with financial decisions will encourage and inspire all couples, whether lesbian, gay or straight, to see how we worked together despite some inherent money-related …
Rebalancing Our Retirement Portfolio and Our 40-Year Relationship Read More »
My name is Steve Schullo, retired LAUSD elementary teacher and former UTLA member. Dan Robertson, also a retired educator, and I created this blog to start a conversation about retirement planning using our district’s volunteer retirement savings plans. This topic is rarely talked about in educational circles. Far too many of our colleagues have no …
During the summer of 2014, the Los Angeles Unified School District won a Plan Design award for its low-cost, broadly diversified offerings of the 457(b) plan. This table shows the investment choices and the total costs (table updated January 2017). To discover and learn more about this plan, watch this 10-minute video interview. Sandy …
Los Angeles Unified School District 457(b) Plan Design Award! Read More »
The Wall Street Jungle (1970) by Richard Ney I love books that expose Wall Street’s ways. My review is more historical in how Ney’s great book fits with another giant who also took on Wall Street’s gambling habits, Jack Bogle, founder of the Vanguard Group and the creator of the indexing strategy. Richard Ney was …