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Re: Advice sought for $6M investment

Play around with some tax prep software to see how much you actually get to keep after taxes under various scenarios (tax exempt bonds vs CDs for example). It might come as a real shocker to find out how little you get to keep from your job, especially when and if interest rates increase.
by Riprap
Mon Oct 20, 2014 9:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice sought for $6M investment
Replies: 36
Views: 3712

Re: Exercise Posts

I am one of those guys who has never been able to build muscle mass. I would describe myself as somewhat of an ectomorph ; tall and skinny although broad shoulders. Using the program in You Are Your Own Gym has helped me build serious muscle tone and I feel like I am the fittest I have been in my wh...
by Riprap
Sat Oct 04, 2014 8:08 pm
 
Forum: Personal Consumer Issues
Topic: Exercise Posts
Replies: 22
Views: 2442

Re: Stock Dividend Yields & Share Buybacks — A Surprise

PS I just found this and it looks like an interesting summary of theoretical and practical perspectives on corporate dividend policy http://faculty.london.edu/hservaes/Corporate%20Dividend%20Policy%20-%20Full%20Paper.pdf page 8 starts out that discussion (buybacks v. dividends and irrelevance theor...
by Riprap
Sat Oct 04, 2014 7:33 pm
 
Forum: Investing - Theory, News & General
Topic: Stock Dividend Yields & Share Buybacks — A Surprise
Replies: 70
Views: 4453

Re: Stock Dividend Yields & Share Buybacks — A Surprise

Thanks Valuethinker and avalpert.
by Riprap
Fri Oct 03, 2014 2:12 pm
 
Forum: Investing - Theory, News & General
Topic: Stock Dividend Yields & Share Buybacks — A Surprise
Replies: 70
Views: 4453

Re: Stock Dividend Yields & Share Buybacks — A Surprise

I am reading a lot of stuff here that doesn't make sense against the theory of corporate finance taught in every textbook on the subject for the last 30 years. Valuethinker, Nice post. Can you recommend a basic corporate finance textbook, preferably one that can be purchased on Amazon? I am ok with...
by Riprap
Fri Oct 03, 2014 11:10 am
 
Forum: Investing - Theory, News & General
Topic: Stock Dividend Yields & Share Buybacks — A Surprise
Replies: 70
Views: 4453

Re: Indoor rowing machine - worth it?

Why do all that work with a rowing machine? For $14,615, you can have this machine which only requires 4 minutes per day. http://www.fastexercise.com But seriously, best workout program I have found is this: http://www.amazon.com/You-Are-Your-Own-Gym/dp/0345528581/ref=sr_1_1?s=books&ie=UTF8&...
by Riprap
Wed Sep 24, 2014 11:26 am
 
Forum: Personal Consumer Issues
Topic: Indoor rowing machine - worth it?
Replies: 73
Views: 3611

Re: When to jump ship?

Lest ye forget mateys, talk like a pirate day be fast approachin' on Sep 19. :beer

http://en.wikipedia.org/wiki/International_Talk_Like_a_Pirate_Day

Arrr...keep a wee bit of powder dry and a weather eye for scoundrels who would plunder ye treasure
by Riprap
Mon Sep 08, 2014 3:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to jump ship?
Replies: 42
Views: 4935

Re: When to jump ship?

Undoubtedly a sign to use Vanguard for investment vehicles given their nautical motif and all.
by Riprap
Mon Sep 08, 2014 2:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to jump ship?
Replies: 42
Views: 4935

Re: I need "Ultra High Net Worth" investing advice please

If your goal is to truly build wealth for your family, it might be a good idea to get a big chunk of your assets out of your estate now so that they can compound free of future estate taxes and in such a way as to be out of the reach of creditors. As others have said, tax and estate planning are lik...
by Riprap
Sun Aug 24, 2014 11:20 am
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 225
Views: 19449

Re: I need "Ultra High Net Worth" investing advice please

Why not follow Warren Buffett's advice to his wife's trustee? 90% SP500/10% short term govt bonds? Half at Vanguard, half at Fidelity. I would guess Buffett's widow's trust would be in the neighborhood of what you're dealing with. http://blogs.cfainstitute.org/investor/2014/03/04/warren-buffetts-90-...
by Riprap
Sun Aug 24, 2014 10:15 am
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 225
Views: 19449

Re: three reading recommendations

The reviews of Market Sense and Nonsense at Amazon suggest that Schwager adovocates investing in a fund of hedge funds. If so, that doesn't sound very Bogleheadish to me. $22.99 for the Kindle version sounds kind of steep too.
by Riprap
Wed Aug 13, 2014 2:38 pm
 
Forum: Investing - Theory, News & General
Topic: three reading recommendations
Replies: 11
Views: 1872

Re: Cloud Base Password Manager

Any reviews on Norton's Identity Safe password manager?
by Riprap
Thu Aug 07, 2014 10:35 am
 
Forum: Personal Consumer Issues
Topic: Cloud Base Password Manager
Replies: 14
Views: 1033

Re: Renting a car - what could I have done better?

Did you look at off brands? I just returned from a week in florida. 7 days in a similar car for $102 including all fees. These are "old" hertz cars (mine had 36,000 miles) and you have to shuttle 2 miles off airport. The next cheapest (compact) was $249. I found these guys on expedia. I t...
by Riprap
Mon Aug 04, 2014 9:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Renting a car - what could I have done better?
Replies: 12
Views: 1134

Re: favorite bogleheads posts?

Just about anything by The Munchkin Man.
by Riprap
Thu Jul 24, 2014 1:09 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: favorite bogleheads posts?
Replies: 53
Views: 5431

Re: What Book Are You Currently Reading? Part V

Blue Highways by William Least Heat-Moon.
by Riprap
Mon Jul 07, 2014 9:13 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1200037

Re: High Dividends in Developed Markets Fund

I have been scratching my head too. The March 2014 quarterly dividend ($1.097/sh) in VEUSX (European Index Fund) was 3.7 times as large as the March 2013 dividend ($0.296/sh). Maybe banks are paying a higher dividend again? Vodafone is not in the top 10 holdings of the fund and would probably be les...
by Riprap
Wed Jul 02, 2014 7:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: High Dividends in Developed Markets Fund
Replies: 14
Views: 1258

Re: Riding a bicycle east from Cleveland

Regardless of the route you choose, I hope you post a journal of your trip on your website. I enjoy your observations and descriptions very much.
by Riprap
Sun Jun 22, 2014 6:49 pm
 
Forum: Personal Consumer Issues
Topic: Riding a bicycle east from Cleveland
Replies: 26
Views: 1336

Re: What Book Are You Currently Reading? Part V

Empty Mansions: The Mysterious Life of Huguette Clark and the Spending of a Great Fortune by Bill Dedman and Paul Clark Newell Jr. The story of an eccentric and reclusive heiress to the W. A. Clark mining fortune. She is not seen in public for the last 70 years of her 104 year life. She voluntary c...
by Riprap
Sun Jun 08, 2014 4:51 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1200037

Re: Who are the BogleHeads.org heavyweights?

I tend to pay particular attention to dbr and bsteiner.
by Riprap
Fri May 30, 2014 10:09 am
 
Forum: Forum Issues and Administration
Topic: Who are the Bogleheads.org heavyweights?
Replies: 127
Views: 9668

Re: Dividends vs Inflation

I wish I could recall the source(s), but I am pretty certain that the real long term growth rate of dividends is slightly higher than 1% for the broad U.S stock market over the last 50 years. I use about 1.2% for my back of the envelope calculations. I do recall that the sources were credible enough...
by Riprap
Wed May 28, 2014 2:54 pm
 
Forum: Investing - Theory, News & General
Topic: Dividends vs Inflation
Replies: 3
Views: 460

delete
by Riprap
Tue May 06, 2014 5:04 pm
 
Forum: Personal Consumer Issues
Topic: What it’s like be 100 years old
Replies: 50
Views: 6109

Re: Motor Carrier Exemption regarding overtime?

I would say the company is not being cheap, they are doing what is necessary to be competitive. The freight business is like a commodity; easily substitutable between different companies. Prosperity in almost every commodity-centric business goes to the low cost producer. For what it is worth, agric...
by Riprap
Mon May 05, 2014 3:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Motor Carrier Exemption regarding overtime?
Replies: 2
Views: 290

Re: Vanguard Dividend Growth - What's the dividend?

Hi Trudeo, What I have done in the past is to go to Yahoo Finance and look at the historical prices for a fund. One of the options they provide is dividends only. You can take that data and plot it to get a good idea of the consistency of the dividends over time. Here's a link that should show the d...
by Riprap
Wed Apr 30, 2014 12:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Dividend Growth - What's the dividend?
Replies: 6
Views: 697

Re: What Book Are You Currently Reading? Part V

In Saturday's (4/19/14) Wall Street Journal, there was an intriguing article about Dante's "Divine Comedy" as the ultimate self-help book. http://online.wsj.com/news/articles/SB10001424052702303663604579503700159096702 I would be interested in hearing from those who have read the book.
by Riprap
Sun Apr 20, 2014 11:03 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1200037

Re: I need a new coffee maker, any recommendations?

Two inexpensive brands that don't clog with our very hard water (given occasional vinegar rinses) are Braun and Sunbeam. Sunbeam is a lot of coffeemaker for little money (at Target). I like our Cuisinart's small flap on the spout. (Screens insects at the cottage.) I second this. I bought a Sunbeam ...
by Riprap
Fri Apr 18, 2014 10:42 am
 
Forum: Personal Consumer Issues
Topic: I need a new coffee maker, any recommendations?
Replies: 66
Views: 14929

Re: KeePass vs LastPass

Since I'm tech challenged, how does KeePass and LastPass compare to Norton's Identity Safe password manager that comes with Norton 360?
by Riprap
Thu Apr 10, 2014 10:29 am
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 105
Views: 12740

Re: "Emerging markets: Is the volatility contagious?'

All I can say is - thank God my foreign investment options aren't limited to aging, deflationary, low growth Japan and Europe. Gus Sauter has cautioned not to confuse economic growth prospects to stock market returns. That has stuck with me. Here is a link summarizing Sauter's views. Google can pro...
by Riprap
Wed Mar 26, 2014 11:23 am
 
Forum: Investing - Theory, News & General
Topic: "Emerging markets: Is the volatility contagious?"
Replies: 15
Views: 1333

Re: Is yield on cost (YOC) a useful metric?

Randolph, I have enjoyed your posts on this thread. I started this thread because YOC doesn't make a whole lot of sense to me, yet it is widely discussed among the dividend investing crowd. Although it seems to me that YOC involves some sort of cognitive bias (perhaps anchoring?), the possibility ex...
by Riprap
Sat Mar 22, 2014 10:50 am
 
Forum: Investing - Theory, News & General
Topic: Is yield on cost (YOC) a useful metric?
Replies: 36
Views: 1419

Re: Is yield on cost (YOC) a useful metric?

Thank you Financial Dave. Sounds as if you have a good handle on your retirement investments.
by Riprap
Fri Mar 21, 2014 1:39 pm
 
Forum: Investing - Theory, News & General
Topic: Is yield on cost (YOC) a useful metric?
Replies: 36
Views: 1419

Re: Is yield on cost (YOC) a useful metric?

Maybe this concept is hard to grasp for those that are not in retirement - but cash flow "efficiency" if you will, requires a calculation (yield) based on the cost of your investment (whenever that was, yesterday, or 5 years ago) and the income, which is essentially a YOC metric. Since we...
by Riprap
Fri Mar 21, 2014 12:15 pm
 
Forum: Investing - Theory, News & General
Topic: Is yield on cost (YOC) a useful metric?
Replies: 36
Views: 1419

Re: Is yield on cost (YOC) a useful metric?

The YOC is of course the most important because this tells me in an instant if I am going to meet my income goals for the quarter and the year, since my strategy is a capital preservation strategy and not a total return strategy. fd I understand the importance of being able to forecast cash flows, ...
by Riprap
Tue Mar 18, 2014 3:40 pm
 
Forum: Investing - Theory, News & General
Topic: Is yield on cost (YOC) a useful metric?
Replies: 36
Views: 1419

Is yield on cost (YOC) a useful metric?

I have been reading the various dividend strategy threads and associated links over the last few months. Invariably, proponents raise the yield on cost (YOC) measure as an indication of how successful a dividend strategy can be; the higher, the better. Even Warren Buffett refers to yield on cost fro...
by Riprap
Tue Mar 18, 2014 11:31 am
 
Forum: Investing - Theory, News & General
Topic: Is yield on cost (YOC) a useful metric?
Replies: 36
Views: 1419

Re: What Book Are You Currently Reading? Part V

Many thanks to Valuethinker who in another thread recommended Barbarians at the Gate: The Fall of RJR Nabisco. For those who believe a historical understanding of markets is important, I think this book is invaluable in understanding the late 80s LBO boom.
by Riprap
Sun Mar 16, 2014 12:05 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1200037

Re: William Bernstein-When you've won the game, why keep pla

2) The four horsemen pay a visit, resulting in massive inflation. Bill I googled it, I still can not figure this phrase out, what do you mean by this analogy Dr. Bernstein? What are the four horsemen in this context? Many thanks! He is referring to the four horsemen in his Deep Risk book. They are:...
by Riprap
Thu Mar 13, 2014 12:59 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 34025

Re: William Bernstein-When you've won the game, why keep pla

In fact, I'll go farther than that, which is that if someone has 100 years residual living expenses saved up, and if (and boy, is this a big "if") he or she has the risk tolerance, then a 100% stock portfolio is fine, since the market is currently yielding 2%, and even in '29-32, that rea...
by Riprap
Wed Mar 12, 2014 4:49 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 34025

Re: William Bernstein-When you've won the game, why keep pla

To a certain degree, this seems like a paradox. In Deep Risk , the message I received loud and clear was that inflation posed the biggest risk to me in my particular situation. Warren Buffett and Charles Ellis essentially say the same thing. Dollar denominated assets are not well suited to withstand...
by Riprap
Mon Mar 10, 2014 9:04 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 34025

Re: Jack Bogle on CNBC

Interesting how Mr. Bogle described Emerging Markets as "the more speculative sector of the market." Of the major equity asset classes in my plan, I thought it was the least speculative due to the low relative current valuation. I am going to stick to my plan despite how Mr. Bogle characte...
by Riprap
Mon Mar 10, 2014 6:49 pm
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle on CNBC
Replies: 7
Views: 1017

Re: Schwarzman Loves Dividends!

1. read 'Barbarians at the Gate' -an entertaining read about the largest buyout in history. Thanks for the book recommendation. 4.5 stars at Amazon with a 159 reviews; usually a sign of a pretty decent book. I am finishing up Morgenthal & Co. The Story of an Important Investment Bank 1972-2010 ...
by Riprap
Wed Mar 05, 2014 3:23 pm
 
Forum: Investing - Theory, News & General
Topic: Schwarzman Loves Dividends!
Replies: 34
Views: 2525

Re: Warren Buffett's portfolio for his wife: Vanguard index

The cash flow from the dividends alone is probably more than enough to sustain the desired lifestyle. Even Dr. Bernstein says that you can reasonably count on dividends to drop no more than 50% during financial storms. Assuming this is a taxable account, the SP500 is 100% qualified dividends with al...
by Riprap
Mon Feb 24, 2014 10:21 am
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett's portfolio for his wife: Vanguard index fund
Replies: 70
Views: 11877

Re: Thought provoking Zweig Article in WSJ

One thing that may be worth mentioning is that the Vanguard Long Term Tax Exempt Fund is perhaps long term in name only. The difference of 2 years in duration over the intermediate and the associated impact to bond values doesn't seem like that big of a deal to me. That said, I value this forum as a...
by Riprap
Sat Feb 22, 2014 9:53 pm
 
Forum: Investing - Theory, News & General
Topic: Thought provoking Zweig Article in WSJ
Replies: 32
Views: 11013

Re: Thought provoking Zweig Article in WSJ

... but baby boomers weren't retiring then and large pension and healthcare payouts weren't required as they will be in the next decade. I'm no political analyst but I wouldn't want to be the politician running under the platform of raising taxes and cutting services to maintain bond payments. I ha...
by Riprap
Sat Feb 22, 2014 8:01 pm
 
Forum: Investing - Theory, News & General
Topic: Thought provoking Zweig Article in WSJ
Replies: 32
Views: 11013

Re: Thought provoking Zweig Article in WSJ

If you are making a change forever, then that is one thing. I'm looking at a forever change. I have held Vanguard HY tax exempt shares since the early 90s having never regretted it or worried about share price fluctuation. I'm not sure I can see a downside to making the switch. The long term fund i...
by Riprap
Sat Feb 22, 2014 4:30 pm
 
Forum: Investing - Theory, News & General
Topic: Thought provoking Zweig Article in WSJ
Replies: 32
Views: 11013

Thought provoking Zweig Article in WSJ

Greetings everyone, Today's (2/22/2014) WSJ has an interesting article by Jason Zweig "Five Myths of Bond Investing" One myth deals with the supposed huge loss investors will face with rising interest rates which the article shows is largely overblown. Having read and thought about it some...
by Riprap
Sat Feb 22, 2014 2:56 pm
 
Forum: Investing - Theory, News & General
Topic: Thought provoking Zweig Article in WSJ
Replies: 32
Views: 11013

Re: Bonds vs Stocks, conflicting perceptions of risk

Bond risk on the table, stock risk lurking in the shadows.... Investors should not lose perspective on bond risk vs stock risk--they have not changed. Paul Thank you for starting this discussion. I have to say that over the course of the last year my perception of risk has changed. In Winning The L...
by Riprap
Wed Jan 01, 2014 12:10 pm
 
Forum: Investing - Theory, News & General
Topic: Bonds vs Stocks, conflicting perceptions of risk
Replies: 17
Views: 1416

Re: Vanguard 2013 Year-End Distributions

If I'm reading it right it looks like 2013 fourth quarter distributions are approximately half of 2012, in VTI, VXUS, VEU, and VOO. Fiscal cliff stuff from last year, per livesoft? I remember from last year that the estimates were significantly below the final distribution. I'm guessing many compan...
by Riprap
Mon Dec 09, 2013 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard 2013 Year-End Distributions
Replies: 36
Views: 4678

Re: Private Money Lending

Sounds like you have found a very knowledgeable individual to coach you along the way. Instead of spending the money and time to get your real estate license you may want to take this gentleman to lunch as often as you can. This way you can learn trust deed investing from someone with experience. A...
by Riprap
Sun Dec 08, 2013 7:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Private Money Lending
Replies: 102
Views: 8344

Re: Private Money Lending

This has been a very interesting thread. I just met an older gentleman who apparently has been a "deed of trust" investor for many years. Since my county recorder has pretty decent online records, I was able to go back to 1980 and read actual deeds of trust used to secure the loans in his ...
by Riprap
Sun Dec 08, 2013 2:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Private Money Lending
Replies: 102
Views: 8344

Re: Trampolines and HO Insurance

.....
by Riprap
Fri Dec 06, 2013 12:07 pm
 
Forum: Personal Consumer Issues
Topic: Trampolines and HO Insurance
Replies: 30
Views: 2087

Re: Jeremy Grantham-on the equity markets next 2 years

What does "Market Bust" mean? We have a decidedly down market on average every 4 years or so. I'd have to go look at the data to know for sure, but I'm thinking like 20% or greater drop. Might come sooner or it might come later (late 20th century had a long up market for example). So woul...
by Riprap
Wed Dec 04, 2013 3:22 pm
 
Forum: Investing - Theory, News & General
Topic: Jeremy Grantham-on the equity markets next 2 years
Replies: 10
Views: 2300

Re: If only 3% of your funds were tax-deferred...

I think I would hang on to the account. Isn't a retirement account protected from creditors (at least to some extent)? You never know these days.
by Riprap
Tue Dec 03, 2013 3:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: If only 3% of your funds were tax-deferred...
Replies: 8
Views: 870
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