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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: 2633
Views: 602457

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: 60
Views: 2240

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: 5990

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: 1203

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: 1265

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: 1265

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: 1265

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: 1265

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: 1265

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: 2633
Views: 602457

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: 241
Views: 25048

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: 241
Views: 25048

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: 241
Views: 25048

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: 1002

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: 2134

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: 10234

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: 6947

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: 6947

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: 6947

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: 6947

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: 1348

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: 4418

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: 7640

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: 7640

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: 1610

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: 1893

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: 865

Re: Cliff Asness - My Top 10 Peeves

nisiprius wrote:
RNJ wrote:...Interesting paper. And Mr. Asness can write.
I spotted three punning literary references in the subtitles: to Samuel Coleridge, Andrew Marvell, and Maya Angelou. Anyone find others?


Shakespeare?
by Riprap
Mon Dec 02, 2013 3:28 pm
 
Forum: Investing - Theory, News & General
Topic: Cliff Asness - My Top 10 Peeves
Replies: 26
Views: 3196

Re: Cliff Asness - My Top 10 Peeves

For example, if I know that I will be drawing on a bond portfolio on 1/15/2023, and I own a TIPS that matures on that date, the real value that TIPS will have on that date is known, whereas the value that a TIPS fund will have on that date is uncertain. That may be true for a certain subset who can...
by Riprap
Mon Dec 02, 2013 3:26 pm
 
Forum: Investing - Theory, News & General
Topic: Cliff Asness - My Top 10 Peeves
Replies: 26
Views: 3196

Re: Home office printer

I have a Canon MX892 printer/scanner/fax I bought on special at Staples that was great until one day the wireless feature quit working. I'm using Windows 7, and there are tons of others out there who have experienced the same problem with no solution.

Avoid a Canon would be my advice. :annoyed
by Riprap
Mon Dec 02, 2013 2:44 pm
 
Forum: Personal Consumer Issues
Topic: Home office printer
Replies: 16
Views: 912

Re: What Book Are You Currently Reading? Part V

"With the Old Breed at Peleliu and Okinawa" by E.B. Sledge. One of if not the finest book on the war in the Pacific that i have ever read. Sledge was there and he would know. Well written. I highly recommend it. I purchased this book for my Kindle after reading your review and the reviews...
by Riprap
Sun Dec 01, 2013 12:19 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 2633
Views: 602457

Re: Bill Bernstein: "Take risk off the table"

Yesterday I determined the allocation for my next monthly contribution. I rebalance with new money and this one is going to all bonds. With a varied set of asset classes, I'm sure to have something underperforming somewhere. I do like the simplicity of just rebalancing with new money. To maintain w...
by Riprap
Sat Nov 30, 2013 1:02 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Bernstein: "Take risk off the table"
Replies: 207
Views: 17033

Re: Bill Bernstein: "Take risk off the table"

The basic needs are individual, but the guiding principle is "If I lose all my other than LMP money, can I still live a normal life?" The good doctor did say in The Ages of the Investor that there is a certain "safe dividend flow." He also said, "You can thus reasonably add...
by Riprap
Sat Nov 30, 2013 12:46 am
 
Forum: Investing - Theory, News & General
Topic: Bill Bernstein: "Take risk off the table"
Replies: 207
Views: 17033

Re: What Book Are You Currently Reading? Part V

Grain Brain: The Surprising Truth about Wheat, Carbs, and Sugar...Your Brain's Silent Killer by Dr. David Perlmutter. Interesting book about the possible connection between excess carbohydrates and dementia. If you liked Wheat Belly , then this book might be for you. In short: fats are good because...
by Riprap
Fri Nov 29, 2013 2:58 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 2633
Views: 602457

Re: Bill Bernstein: "Take risk off the table"

Regarding stopping playing, have you written on how to construct an appropriate portfolio for the 2% and under withdrawal rate set? If not, how would you construct such a portfolio? I am interested in this too. From Deep Risk I concluded that I should not worry too much about rebalancing back to a ...
by Riprap
Tue Nov 26, 2013 5:55 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Bernstein: "Take risk off the table"
Replies: 207
Views: 17033

Re: Assessing Inflation fighters

I just thought I would mention that your posts on IndexUniverse are so much more readable than those on CBS's website. Good riddance to CBS.
by Riprap
Mon Nov 25, 2013 1:24 pm
 
Forum: Investing - Theory, News & General
Topic: Assessing Inflation fighters
Replies: 7
Views: 638

Re: What Book Are You Currently Reading? Part V

One Summer: America, 1927 by Bill Bryson.

I enjoyed it. Lot's of interesting historical tidbits though I spotted several factual errors which were mildly irritating.
by Riprap
Sun Nov 24, 2013 11:18 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 2633
Views: 602457

Re: Pull-ups and Push-ups

I'll dissent from your dissent (concur with the plurality?). I'm relatively young -- mid 30s -- but tall and skinny. At 6'3", 175 lbs, it is almost impossible for me to gain muscle. I can only dream of getting to the point where push-ups lose their effect "within a few weeks." I'm ju...
by Riprap
Thu Nov 14, 2013 7:08 pm
 
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 260
Views: 23959

Re: Online group meetings via web conference?

FWIW, I would love to participate in a panel discussion, keynote address or any other notable event at the annual Boglehead's Conference via web conference.

I nominate you to organize it!
by Riprap
Thu Nov 14, 2013 3:39 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Online group meetings via web conference?
Replies: 6
Views: 742

Re: Journal of my bike tour from Missoula, MT to Jasper, AB

Thanks for posting this. As usual, great job.

I was a little surprised and amused by a couple of entries...like spending a day with Yukon Jack on day 18 in Invermere. :beer
by Riprap
Thu Nov 14, 2013 10:57 am
 
Forum: Personal Consumer Issues
Topic: Journal of my bike tour from Missoula, MT to Jasper, AB
Replies: 19
Views: 1129

If you were retired, how would you spend your time?

I bet there are a lot of INTJ types on this forum who don't need a lot of external stimulation.

I find it refreshing to find others (who more than likely were over-achievers while working) who freely admit to "putzing" in retirement.
by Riprap
Mon Nov 11, 2013 7:47 pm
 
Forum: Personal Consumer Issues
Topic: If you were retired, how would you spend your time?
Replies: 90
Views: 6542

Re: If you were retired, how would you spend your time?

I basically do nothing other than putz around all day and i love it. Good for you! I like your honesty. I'm going to be just like you when I grow up! :beer Sometimes I think some retirees want to be over achievers to impress others or because of their own insecurities. Sort of like high school stud...
by Riprap
Mon Nov 11, 2013 10:45 am
 
Forum: Personal Consumer Issues
Topic: If you were retired, how would you spend your time?
Replies: 90
Views: 6542

Re: Can I use Interm-Term Tax Exempt as my only bond holding

Ryan2390 wrote:Does anyone think it's crazy to only use VWIUX (interm term muni) as a core/only bond holding, since I have no tax-deferred money?


No.
by Riprap
Mon Nov 04, 2013 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I use Interm-Term Tax Exempt as my only bond holding?
Replies: 11
Views: 1356

Re: Neurosleep - does it work?

Well, I tried it since it was sitting on my desk staring at me. It seems like I had better sleep last night. For sure I didn't lay in bed watching the clock waiting for sleep to come and I did not wander around the house a couple of times during the night. I also seemed to have had an active dream n...
by Riprap
Tue Oct 22, 2013 9:46 am
 
Forum: Personal Consumer Issues
Topic: Neurosleep - does it work?
Replies: 17
Views: 1323

Neurosleep - does it work?

I am looking for reviews of a product called Neurosleep, a 14.5 oz drink, which claims to: promote restful sleep, help normalize sleep patterns, and support relaxation. It is sold in a plastic bottle packaged much like a sports drink. My wife bought it for me to try to help with my frequent insomnia...
by Riprap
Mon Oct 21, 2013 10:58 pm
 
Forum: Personal Consumer Issues
Topic: Neurosleep - does it work?
Replies: 17
Views: 1323

Re: What Book Are You Currently Reading? Part V

Brave New World by Aldous Huxley. My interest was piqued in Jason Zweig's recent column when he said about Professor Shiller, "He told me years ago that the collective enthusiasm of fans at sporting events is alien to him. He still recalls, with a shudder, reading Aldous Huxley’s novel “Brave ...
by Riprap
Sun Oct 20, 2013 9:41 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 2633
Views: 602457

Re: The new safe withdrawal rate

Apologies to all if I'm hijacking this thread. The way I've done the math (which gets the same roughly-3% answer that bobcat2 provides) is to calculate the real return needed in order to make it so that the breakeven point (when choosing between claiming earlier or later) is the average person's lif...
by Riprap
Fri Oct 04, 2013 9:00 pm
 
Forum: Investing - Theory, News & General
Topic: The new safe withdrawal rate
Replies: 285
Views: 17625

Re: The new safe withdrawal rate

SS implicitly assumes that LT real interest rates are about 2.9%. When LT real interest rates are well below 2.9%, it is actuarially advantageous for nearly everyone except the terminally ill to delay taking SS benefits. When LT real interest rates are significantly above 2.9%, delaying SS is less ...
by Riprap
Fri Oct 04, 2013 3:22 pm
 
Forum: Investing - Theory, News & General
Topic: The new safe withdrawal rate
Replies: 285
Views: 17625

Re: The new safe withdrawal rate

Larry, In your article you say, "In fact, except for all but the wealthiest investors for whom any reasonable asset allocation and SWR will likely work..." Could you put some numbers to that statement for context? Wealthy is a relative term to me. I would venture to say that the general po...
by Riprap
Fri Oct 04, 2013 11:02 am
 
Forum: Investing - Theory, News & General
Topic: The new safe withdrawal rate
Replies: 285
Views: 17625

Re: "When does a 100% stock portfolio make sense?"

I read in a 10/6/2012 Barron's interview that Gus Sauter at 58 is essentially 100% stocks. From the interview: Barron's: Does that mean you're not getting more conservative with your own investments as you head into retirement? When we last talked, about four years ago, you were about 80% in equitie...
by Riprap
Wed Oct 02, 2013 4:23 pm
 
Forum: Investing - Theory, News & General
Topic: "When does a 100% stock portfolio make sense?"
Replies: 61
Views: 5101
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