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by Riprap
Sun May 24, 2015 8:01 am
Forum: Investing - Theory, News & General
Topic: another look at dividend paying stocks and valuations
Replies: 35
Views: 1978

Re: another look at dividend paying stocks and valuations

There seem to be several overlapping issues in the above discussion over weather dividends matter. In my experience most people (so, not most of the folks on this board) arguing that dividends "matter," turn out, when pressed, to believe implicitly (if not explicitly) that dividend paying...
by Riprap
Tue May 12, 2015 8:42 am
Forum: Investing - Theory, News & General
Topic: Vanguard investors: be thankful for ETFs!*
Replies: 24
Views: 3516

Re: Vanguard investors: be thankful for ETFs!*

Grabiner Thanks for the explanation. I had a pretty decent handle on the mutual fund side of things. The process for creating and redeeming ETF shares always seemed kind of fuzzy to me. I knew some sort of mechanism had to exist to keep the NAV of an ETF share from straying to far from the value of ...
by Riprap
Mon May 11, 2015 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody 50/50?
Replies: 78
Views: 6127

Re: Anybody 50/50?

I was 50/50, but no longer due growth in the value of equities over the years. Due to my low withdrawal rate and the fact that most of my portfolio is in a taxable account subject to capital gains, I do not plan to rebalance to a lower ratio of equities to fixed income. I think it would be a case of...
by Riprap
Mon May 11, 2015 1:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard investors: be thankful for ETFs!*
Replies: 24
Views: 3516

Re: Vanguard investors: be thankful for ETFs!*

Could someone please point me to a reference which describes the mechanisms behind creating/redeeming shares for Vanguard's various mutual fund share classes and related ETFs? I do not understand how they "mesh" with each other. Maybe it is double secret proprietary information.. I also wo...
by Riprap
Mon May 04, 2015 12:57 pm
Forum: Investing - Theory, News & General
Topic: How to advise clients
Replies: 18
Views: 1751

Re: How to advise clients

If I (or my heirs) need assistance "managing" my investment portfolio, I think the first firm on my list would be Evanson Asset Management. Below is a link to their fee structure (which is NOT %AUM): http://www.evansonasset.com/index.cfm?Page=11 It's also a fantastic website to browse if y...
by Riprap
Thu Mar 26, 2015 1:14 pm
Forum: Personal Consumer Issues
Topic: WSJ Delivery Record - Dismal
Replies: 25
Views: 2053

Re: WSJ Delivery Record - Dismal

Boglenaut wrote:I really like my iPad, but there is still something about a physical paper that is nice.


I understand this and it took me a while to get used to the Kindle version. Now it seems odd to me to read a printed version of the WSJ. Go figure. :oops:
by Riprap
Thu Mar 26, 2015 8:52 am
Forum: Personal Consumer Issues
Topic: WSJ Delivery Record - Dismal
Replies: 25
Views: 2053

Re: WSJ Delivery Record - Dismal

When WSJ wanted >$450/yr for lousy delivery service, I switched to the Kindle version. Although not as good as the print version, it's good enough and never miss deliveries. However, I will say the bill creep with the Kindle version is getting bothersome.
by Riprap
Tue Mar 24, 2015 4:07 pm
Forum: Investing - Theory, News & General
Topic: When everyone "knows" the euro will fall
Replies: 7
Views: 1413

When everyone "knows" the euro will fall

I received this quarter's round of dividends and it's time to figure out where to place the funds, which has me looking at the European Stock Index Fund. I am going to stick to my plan, but...is it a contrarian signal when everyone "knows" the euro is going to continue to fall against the ...
by Riprap
Thu Mar 19, 2015 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Trust 1041 return using TaxACT
Replies: 5
Views: 400

Re: Trust 1041 return using TaxACT

Get professional help from a CPA who is familiar with trusts and the laws applicable to trusts in your state. My ongoing relationship with a CPA for matters such as these is pretty cost effective. Presumably the trust was set up for a purpose. Why jeopardize the validity of the trust by soliciting a...
by Riprap
Wed Mar 18, 2015 9:51 am
Forum: Investing - Theory, News & General
Topic: Should William McNabb III be chairman of Vanguard's board?
Replies: 8
Views: 1345

Re: Should William McNabb III be chairman of Vanguard's boar

I'm not sure I can answer the OP's question. I will say that one of my biggest concerns is that over time Vanguard will drift from Mr. Bogle's original vision of giving the little guy a fair chance and keeping expenses low. Given that many years worth of unrealized capital gains have been built up i...
by Riprap
Mon Mar 16, 2015 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Did you buy a house because of low interest rate?
Replies: 25
Views: 1894

Re: Did you buy a house because of low interest rate?

acegolfer wrote:Q: Did you buy a house because of low interest rate?


No.
by Riprap
Mon Mar 16, 2015 1:23 pm
Forum: Investing - Theory, News & General
Topic: Why the popularity of dividends? What's the counterargument?
Replies: 70
Views: 5314

Re: Why the popularity of dividends? What's the counterargum

Timely article. Total return vs. income and dividends in today's WSJ. http://www.wsj.com/articles/whats-the-best-way-for-retirees-to-invest-their-nest-egg-1426475052 Edited to add: After reading the article, I would note that this discussion is several orders of magnitude better than the article. :o...
by Riprap
Mon Mar 16, 2015 10:17 am
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 149
Views: 13444

Re: John Bogle's Don't Peek Challenge

Not practical for me. I have all of my interest and dividends in my taxable account paid in cash. I have to decide monthly what to do with that cash. I rarely look more than monthly though.
by Riprap
Sun Mar 15, 2015 8:11 pm
Forum: Investing - Theory, News & General
Topic: Why the popularity of dividends? What's the counterargument?
Replies: 70
Views: 5314

Re: Why the popularity of dividends? What's the counterargum

I would like to throw this out for the discussion. Refer to the link below which is the panel discussion at BH13. https://vimeo.com/channels/bogleheads/122144970 At 48:00, Mr. Bogle is addressing a question concerning income from a portfolio. Alluding to total return vs. dividends, at 49:20 Mr. Bogl...
by Riprap
Sat Mar 14, 2015 2:40 pm
Forum: Investing - Theory, News & General
Topic: BOGLEHEADS 13 VIDEOS
Replies: 11
Views: 2974

Re: BOGLEHEADS 13 VIDEOS

Thank you so much Mr. Guerra for providing these videos. I sincerely appreciate them. The panel of experts session was especially valuable for me as a number of comments repeatedly made by the participants validated my personal investment approach. These presentations are yet another reason why I am...
by Riprap
Fri Mar 13, 2015 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Do you really need 2.5 million to retire well?
Replies: 121
Views: 13661

Re: Do you really need 2.5 million to retire well?

Do YOU really need 2.5 million to retire well?

Yes.

More than that. I want a very low withdrawal rate and wish to leave a large financial legacy. YMMV.

There is no one size fits all answer.
by Riprap
Wed Mar 11, 2015 10:34 pm
Forum: Investing - Theory, News & General
Topic: 100% Stocks Long Term Pro/Con
Replies: 51
Views: 3870

Re: 100% Stocks Long Term Pro/Con

If you're just starting out, which I assume to mean a young person (20 or 30ish) with a secure income source, 100% equities is fine. I think you're correct to consider inflation. I think rebalancing is primarily for risk (volatility) control, not an added bonus. Invest, forget about it, and concentr...
by Riprap
Sun Mar 01, 2015 9:33 am
Forum: Investing - Theory, News & General
Topic: Dividends and Market Slides
Replies: 55
Views: 3809

Re: Dividends and Market Slides

Bill Bernstein said in Deep Value (or another of his recent mini books) that the dividend of the SP500 has never fallen by more than 50%. He said that in the context of someone living off a mostly stock portfolio with a low withdrawal rate.
by Riprap
Mon Feb 02, 2015 9:21 am
Forum: Personal Consumer Issues
Topic: Can doctors charge more than co-pay?
Replies: 51
Views: 5086

Re: Can doctors charge more than co-pay?

Grasshopper wrote:I always wonder how the people of Wal-Mart figure this stuff out. :confused


I resemble that remark.
by Riprap
Sun Feb 01, 2015 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a RIA - how realistic, how to learn practically?
Replies: 4
Views: 552

Re: Becoming a RIA - how realistic, how to learn practically

I understand that becoming an RIA requires passing the Series 65 exam, and maintaining the license. However, my question for folks here who were from non-finance background and became an RIA is, how realistic is it for someone to become a RIA, and how does he learn the non-theory aspects of becomig...
by Riprap
Fri Jan 30, 2015 10:54 am
Forum: Investing - Theory, News & General
Topic: The lowest stock allocation you plan to stay with
Replies: 79
Views: 4818

Re: The lowest stock allocation you plan to stay with

It really depends the most on two things I think: - How much savings do you have, i.e. how low is your withdrawal rate - How well do you react to market swings emotionally Once your withdrawal rate for expenses is low enough it turns out "survival rate" for your portfolio is almost indepe...
by Riprap
Fri Jan 30, 2015 9:33 am
Forum: Investing - Theory, News & General
Topic: The lowest stock allocation you plan to stay with
Replies: 79
Views: 4818

Re: The lowest stock allocation you plan to stay with

I'm not sure. Due to my long term goals, I don't plan to rebalance out of stocks into bonds. After reading Deep Risk and Winning The Loser's Game, I have come to believe that inflation poses the biggest risk to my long term plans. Market volatility no doubt will cause emotional distress along the wa...
by Riprap
Thu Jan 29, 2015 9:02 pm
Forum: Local Chapters and Bogleheads Community
Topic: What is your BMI?
Replies: 28
Views: 2279

Re: What is your BMI?

Just had the annual wellness check for work. 23.5, same as the last four years :happy That, along with the straight A's I received on my bloodwork and BP ensures my health insurance premiums remain virtually free... Care to explain free health insurance premium? Some sort of incentive offered by em...
by Riprap
Thu Jan 29, 2015 10:24 am
Forum: Investing - Theory, News & General
Topic: "Retiring in a Low-Return Environment"
Replies: 71
Views: 7757

Re: "Retiring in a Low-Return Environment"

Well, one bright spot might be the assumption of using a 50 basis point management fee. As low cost Bogleheads whose expenses are likely 1/3 of that, I wonder how the numbers would change?
by Riprap
Mon Jan 12, 2015 9:53 am
Forum: Investing - Help with Personal Investments
Topic: If you were going to retire at 57 what would your number be?
Replies: 35
Views: 4150

Re: If you were going to retire at 57 what would your number

My number would be a multiple of annual expenses to include an allowance for one time major expenses like a new roof, automobile replacement etc. My own personal number is rather extreme and likely would not contribute much toward an answer you're looking for.
by Riprap
Fri Jan 09, 2015 11:51 am
Forum: Investing - Theory, News & General
Topic: "Vanguard Group execs say deflation a real risk..."
Replies: 61
Views: 6476

Re: "Vanguard Group execs say deflation a real risk..."

Did they say what to do in order to benefit from deflation? Or at least how to take advantage of deflation? When everyone knows something, frequently it is something not worth knowing. Maybe there will be deflation, maybe there won't. Major market moves tend to come from unanticipated events. I thi...
by Riprap
Wed Jan 07, 2015 10:07 am
Forum: Personal Finance (Not Investing)
Topic: New vanguard Rep
Replies: 25
Views: 2807

Re: New vanguard Rep

Even though I'm assigned a Flagship Rep at Vanguard, on the rare occasion I need to speak to someone I just ask my question to who ever answers the phone with satisfactory results. My representative has never been available to take a call right away yet most of my questions are fairly basic administ...
by Riprap
Sat Jan 03, 2015 12:20 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 720
Views: 104493

Re: What Book Are You Currently Reading? Part VI

7 by Jen Hatmaker

I received the book as a gift, so I felt obliged to read it. I think it was probably one of the worst books I have read in the last several years.
by Riprap
Mon Dec 22, 2014 10:00 am
Forum: Investing - Theory, News & General
Topic: Poll: How important is rebalancing?
Replies: 51
Views: 5800

Re: Poll: How important is rebalancing?

As with most things in life, it depends. If one's withdrawal rate is fairly low or has an excessively large LMP, I think it is ok let the stock allocation drift upward over time, especially in taxable accounts. One of the biggest gifts in the tax code is the step up in basis at death. Admittedly, th...
by Riprap
Sun Dec 21, 2014 10:05 am
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 127
Views: 9817

Re: How do you define "being rich"?

Good video on the "being rich" https://www.youtube.com/watch?v=p5X5lPTA-kc I watched this video which seemed to be made around the 2007 - 2008 time frame. The "new" rich people were hedge fund types and another guy who build a mortgage empire. I wonder if they were still rich a ...
by Riprap
Sat Dec 20, 2014 10:49 am
Forum: Personal Consumer Issues
Topic: Having Trouble Finding a Used Car - Would you Hertz/Enterpr?
Replies: 20
Views: 1923

Re: Having Trouble Finding a Used Car - Would you Hertz/Ente

I detest the car buying process! :annoyed Having said that, I bought a car from Enterprise and was extremely pleased with the process.:D Competitive, no haggle pricing. Reasonable rate to ship car to your location if model is not available locally. I was able to charge the full amount of the purchas...
by Riprap
Thu Dec 18, 2014 11:54 am
Forum: Personal Consumer Issues
Topic: Any pilots here? [advice for prospective pilot]
Replies: 60
Views: 6275

Re: Any pilots here?

Commercial certificate (single engine land) with instrument rating. Considering pursuing CFI in retirement (after I get a handle on liability exposure). Flying makes no financial sense for me, but aviation is one of my passions that brings me much joy and happiness. Adopting Boglehead ways in all ot...
by Riprap
Thu Dec 18, 2014 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Flagship
Replies: 22
Views: 3154

Re: Flagship

At the risk of being a wet blanket, IMO the whole Flagship thing is just a marketing gimmick used to stroke egos. For most stay the course Bogleheads there isn't really any benefit that I can see.
by Riprap
Tue Nov 25, 2014 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding lifestyle creep
Replies: 30
Views: 5685

Re: Avoiding lifestyle creep

ETA: and while I want to save more for college, I'm not sure I want the money in a 529.... I agree with this. I placed money ear marked for children in a UTMA/UGMA accounts. Not all kids are cut out for college or some kids may get full ride scholarships where the $ isn't needed for education. I le...
by Riprap
Mon Nov 24, 2014 9:04 am
Forum: Investing - Theory, News & General
Topic: How to Plan for an Unknown Future
Replies: 23
Views: 2121

Re: How to Plan for an Unknown Future

placeholder wrote:As a fellow engineer I will counsel you not to try to apply engineering methods to non engineering problems.


Post of the year!
by Riprap
Tue Nov 11, 2014 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 3570

Re: How do you track the value of your illiquid assets ?

madbrain wrote:How do you value this type of illiquid assets ?


I don't.

I might estimate replacement cost for insurance purposes, but that's about it.
by Riprap
Wed Nov 05, 2014 2:07 pm
Forum: Personal Consumer Issues
Topic: Dish Network and CNN
Replies: 6
Views: 821

Re: Dish Network and CNN

Not that this is a competition, but i got $5 off for 6 months for this issue. I always try to maximize my returns for complaints calls - I was offered 6 months and asked for 12 months and was refused ;) +1 I was offered and accepted $5 for 6 months. This will pay for a night out to our favorite res...
by Riprap
Mon Oct 20, 2014 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Advice sought for $6M investment
Replies: 36
Views: 3982

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
Sat Oct 04, 2014 7:08 pm
Forum: Personal Consumer Issues
Topic: Exercise Posts
Replies: 22
Views: 2665

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 6:33 pm
Forum: Investing - Theory, News & General
Topic: Stock Dividend Yields & Share Buybacks — A Surprise
Replies: 76
Views: 6423

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
Fri Oct 03, 2014 10:10 am
Forum: Investing - Theory, News & General
Topic: Stock Dividend Yields & Share Buybacks — A Surprise
Replies: 76
Views: 6423

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
Wed Sep 24, 2014 10:26 am
Forum: Personal Consumer Issues
Topic: Indoor rowing machine - worth it?
Replies: 73
Views: 4472

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
Mon Sep 08, 2014 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: When to jump ship?
Replies: 42
Views: 5107

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 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: When to jump ship?
Replies: 42
Views: 5107

Re: When to jump ship?

Undoubtedly a sign to use Vanguard for investment vehicles given their nautical motif and all.
by Riprap
Sun Aug 24, 2014 10:20 am
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 227
Views: 22369

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 9:15 am
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 227
Views: 22369

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
Wed Aug 13, 2014 1:38 pm
Forum: Investing - Theory, News & General
Topic: three reading recommendations
Replies: 11
Views: 1925

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
Thu Aug 07, 2014 9:35 am
Forum: Personal Consumer Issues
Topic: Cloud Base Password Manager
Replies: 14
Views: 1120

Re: Cloud Base Password Manager

Any reviews on Norton's Identity Safe password manager?
by Riprap
Mon Aug 04, 2014 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Renting a car - what could I have done better?
Replies: 12
Views: 1187

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...

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