Search found 1568 matches

by Bfwolf
Mon Sep 18, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2128
Views: 369473

Re: What's Your Credit Card Rewards Strategy?

Interesting news about Barclaycard Arrival +. https://www.doctorofcredit.com/is-barclay-denying-those-with-many-new-accounts-similar-to-524-contribute-data-points-here/ Arrival Plus used to be a great card....not so much anymore. I downgraded mine to the free version to keep my card history up and ...
by Bfwolf
Mon Sep 18, 2017 9:52 am
Forum: Personal Consumer Issues
Topic: Lawyer overbilling for prenup review
Replies: 62
Views: 4454

Re: Lawyer overbilling for prenup review

OP, I am sorry you are getting so many negative responses when you are clearly in the right. But such is life on bogleheads.org. But I've been on the receiving end of a lot of unnecessary criticism before, and I know it can be bothersome. Yes, your expectations were probably unrealistic, but if it's...
by Bfwolf
Sat Sep 16, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 98
Views: 12212

Re: Who has needed to use their umbrella insurance?

My Mom was involved in an incident with my brother's dog that she was walking....long story short the dog knocked over a lady who broke her knee. The litigation is ongoing, but the woman is asking for something like $750,000 so the umbrella insurance may come into play. But I'm guessing it probably...
by Bfwolf
Sat Sep 16, 2017 8:42 pm
Forum: Personal Consumer Issues
Topic: Lawyer overbilling for prenup review
Replies: 62
Views: 4454

Re: Lawyer overbilling for prenup review

OP, I think you have every reason to be peeved. Your request was clear. "An hour or so" is not six hours. No way no how. The attorney should have either: 1) (Preferred solution) Let you know upfront that this would take way more than an hour or that he couldn't project how long it would take, and as...
by Bfwolf
Sat Sep 16, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 98
Views: 12212

Re: Who has needed to use their umbrella insurance?

My Mom was involved in an incident with my brother's dog that she was walking....long story short the dog knocked over a lady who broke her knee. The litigation is ongoing, but the woman is asking for something like $750,000 so the umbrella insurance may come into play. But I'm guessing it probably...
by Bfwolf
Tue Sep 12, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Brother in College Co-Signing w/ Buddy for Duplex
Replies: 41
Views: 2739

Re: Brother in College Co-Signing w/ Buddy for Duplex

I don't think partnering with somebody you know well is a bad idea.

But your 2 year time frame really gives me pause. This is the kind of investment/job that's probably a lot easier if you're in the area.
by Bfwolf
Tue Sep 12, 2017 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Why doesn't my Vanguard 403(b) have a total stock index?
Replies: 9
Views: 661

Re: Why doesn't my Vanguard 403(b) have a total stock index?

In my (very possibly wrong) opinion, the rationale is three-fold, with reasons 1 and 2 being the primary one: 1) Having Total Stock and S&P 500 + Mid Cap/Small Cap (or Extended Market) is seen as duplicative so administrators pick one route or the other. 2) S&P 500 is a name brand the average invest...
by Bfwolf
Tue Sep 12, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Dividend impact of investing $4,000 / month in VTSAX?
Replies: 5
Views: 1179

Re: Dividend impact of investing $4,000 / month in VTSAX?

Your math is correct. Will it be 1.8% long term? Nobody knows. Dividends yields used to be higher but dropped in the 90s and have stayed at this relatively low level since. http://www.multpl.com/s-p-500-dividend-yield/ The bigger question is: why do you care? There have been about 100 threads on her...
by Bfwolf
Tue Aug 22, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: Eclipse viewing
Replies: 61
Views: 5454

Re: Eclipse viewing

OP here. Based on everybody's advice, I decided to go for totality and went down to a southern suburb of St Louis to watch the eclipse. It was worth it! Fantastic experience, and we lucked out with blue skies. Thank you for giving me the push to do this!
by Bfwolf
Sat Aug 19, 2017 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 422
Views: 36611

Re: Picking College and College Scholarships

Research suggests his lifetime earnings will not be better going to a more expensive/higher reputation school. The idea that price doesn't matter when it comes to college is incredibly pernicious. While I agree that it sounds like the OPs son will find success no matter what school he goes to on th...
by Bfwolf
Sat Aug 19, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 422
Views: 36611

Re: Picking College and College Scholarships

$10k, $20k or even *gasp* $50k of debt after college isn't going to that big of a deal for an engineer especially if he has near perfect PSATs and takes school seriously. Don't limit his options just because "its your money." Didn't you set aside this money for your son? for this purpose? The son i...
by Bfwolf
Thu Aug 17, 2017 12:44 am
Forum: Personal Consumer Issues
Topic: Should I put other jobs on my resume?
Replies: 14
Views: 1011

Re: Should I put other jobs on my resume?

I think there are 2 key positives for including the tutoring business: 1) Building up a tutoring business from scratch shows a lot of hard work, initiative, general intelligence, and the ability to work well with others.. Attractive qualities to potential employers. Especially since you're so young,...
by Bfwolf
Wed Aug 16, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 31
Views: 2951

Re: Credit score dropped 100 points overnight

If you have not done so, call the credit agencies and get your reports to see if there is an error. A drop of a hundred point is not normal. I agree with this. A hundred point drop over night is not normal. I've had over 30 new credit cards in the last 3 years and my credit score is still north of ...
by Bfwolf
Tue Aug 15, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 5821

Re: Plan for making child pay for part of college

OP, can you tell us what state you are in? I think that will help tailor the discussion. Colorado, but both kids are looking primarily out of state. I did underestimate in-state tuition somewhat... (i realized i was merging 3 schools, but one has no campus housing so that estimate excluded housing)...
by Bfwolf
Tue Aug 15, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 5821

Re: Plan for making child pay for part of college

OP, can you tell us what state you are in? I think that will help tailor the discussion.
by Bfwolf
Mon Aug 14, 2017 11:01 am
Forum: Personal Consumer Issues
Topic: PayPal - Any Disadvantages?
Replies: 49
Views: 4766

Re: PayPal - Any Disadvantages?

I just updated my paypal account to make it more secure. I activated the following: "Set up a PayPal Security Key by entering a one-time pin that’s unique for each login. This gives you a second authentication factor whenever you log in to your account. That’s fancy talk for a super secure account!...
by Bfwolf
Fri Aug 11, 2017 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: "Why do you want to come here?" Hiring Manager Question
Replies: 19
Views: 2923

Re: "Why do you want to come here?" Hiring Manager Question

I've got a final round dream job interview soon. It's a federal position, part of the federal law enforcement retirement system, and would give me a 30%+ pay increase over the next several years. If offered, I will gladly accept. The position is going to entail my family of 4 relocating from a majo...
by Bfwolf
Thu Aug 10, 2017 12:01 am
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 50
Views: 6595

Re: I pay $6K in rent. Am I an idiot for not buying?

I agree with most everybody else. Keep renting. The buy/rent calculator is basically a wash, but with renting you give up flexibility and liquidity. Plus buying a home is a pain in the butt. Moving is a pain the in the butt. Owning is a pain in the butt. You're happy with where you are, and the numb...
by Bfwolf
Tue Aug 08, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo
Replies: 108
Views: 18516

Re: Wells Fargo

I am surprised that people seem willing to stick with Wells Fargo even with all the trouble they have gotten into in the last year. There are so many other bank options with management who hasn't shown consistently questionable moral character. Well, money talks. I took out a mortgage with Wells Fa...
by Bfwolf
Mon Aug 07, 2017 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo
Replies: 108
Views: 18516

Re: Wells Fargo

I am surprised that people seem willing to stick with Wells Fargo even with all the trouble they have gotten into in the last year. There are so many other bank options with management who hasn't shown consistently questionable moral character. This article just came out in the New York Times today....
by Bfwolf
Fri Aug 04, 2017 6:51 pm
Forum: Investing - Theory, News & General
Topic: The Only Thing Wrong with Active Management is the Fees - Bloomberg Article
Replies: 26
Views: 3034

Re: The Only Thing Wrong with Active Management is the Fees - Bloomberg Article

If all those dollars being invested by active mutual fund managers are beating the market average equal dollars must be underperforming it somewhere - who do they propose are managing those dollars and why can't they keep up with the mutual fund managers? I don't understand this argument. Yes, for ...
by Bfwolf
Thu Aug 03, 2017 8:22 pm
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 21860

Re: Living Off Dividends

"Where I do get nervous is if somebody takes this dividend advice and starts purchasing high dividend individual stocks. I beseech everybody to not give up diversification, the only free lunch! Buying 10 or 20 individual stocks is NOT proper diversification." What is "high divedend"? If you just bo...
by Bfwolf
Thu Aug 03, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 21860

Re: Living Off Dividends

Yet again, I have proven another of member jbolden1517's claims as false. It is false to claim that investor Y is able to benefit from some magical lower cost of capital. I think that it is pretty clear that member jbolden1517 has been flooding us with lots of false and unsubstantiated claims, dire...
by Bfwolf
Wed Aug 02, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: Rising dividends good sign or neutral or bad
Replies: 14
Views: 1330

Re: Rising dividends good sign or neutral or bad

Rising dividends correlating to rising earnings is not surprising to me. But I don't think this is the question the OP asked. If a dividend increase has already occurred , what does that mean for the future of the stock total return ? That’s actually what the Arnott and Asness paper I linked to stu...
by Bfwolf
Wed Aug 02, 2017 10:46 am
Forum: Investing - Theory, News & General
Topic: Rising dividends good sign or neutral or bad
Replies: 14
Views: 1330

Re: Rising dividends good sign or neutral or bad

From what I have read here, one should look at total return and not focus on dividends, but the question that I have is if rising dividends portend a good outlook for stocks in general. In my view, rising dividends ( actual dollars and not just yields) are a signal that companies have confidence in...
by Bfwolf
Tue Aug 01, 2017 9:24 pm
Forum: Investing - Theory, News & General
Topic: Rising dividends good sign or neutral or bad
Replies: 14
Views: 1330

Re: Rising dividends good sign or neutral or bad

As it portends to future total return, I'd say indifferent. At least, it's indifferent a few minutes after the dividend was increased and the stock market reacted to it. Anything that's public information is already baked into the stock price. You'd generally expected dividends to increase faster th...
by Bfwolf
Tue Aug 01, 2017 2:23 pm
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 21860

Re: Living Off Dividends

not4me wrote:I get that the original offer to accept a million was said tongue in cheek
I want to be 100% crystal clear that I will absolutely accept a million dollars from patrick013. Since he said it might make him worth more, it's a win-win.
by Bfwolf
Tue Aug 01, 2017 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: How do dividends work?
Replies: 9
Views: 898

Re: How do dividends work?

As others have pointed out, you are working under the common misperception that dividends are free money. They're not. The fund price will go down by the amount of the dividend when its paid.

If you want to sell the fund, go ahead and sell it. You don't need to wait.
by Bfwolf
Mon Jul 31, 2017 5:51 pm
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 21860

Re: Living Off Dividends

A dividend payment represents a liquidation of company assets and the market knows that. Some people say a stock is devalued by dividends but the dividend is either paid out of retained earnings or some payout ratio of current earnings so the stock is really at a stable value cash wise and has earn...
by Bfwolf
Mon Jul 31, 2017 2:24 pm
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 21860

Re: Living Off Dividends

A dividend payment represents a liquidation of company assets and the market knows that. Some people say a stock is devalued by dividends but the dividend is either paid out of retained earnings or some payout ratio of current earnings so the stock is really at a stable value cash wise and has earn...
by Bfwolf
Mon Jul 31, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2128
Views: 369473

Re: What's Your Credit Card Rewards Strategy?

All, We are planning for a trip to Hawaii (probably the Big Island) in late-September or early-October With Chase, we have a Sapphire Reserve and 36,000 Ultimate Rewards points. With AmEx, we have Premeir Rewards Gold, Green Card, and 79,000 Membership Rewards Points. How shall we redeem old reward...
by Bfwolf
Sun Jul 30, 2017 10:43 pm
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 21860

Re: Living Off Dividends

The point of this whole thing is "free Cash Flow". Here is an example: Total Stock Market = $1.1 Million. = $20,000 in dividends. (Assume, you are up by $100,000 over me). High Dividend Yield Fund $1.0 Million. = $30,000 in dividends. (I' am $10,000 ahead in free cash flow per year). (snowballing)....
by Bfwolf
Thu Jul 27, 2017 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in the US - planning to leave after 2-3 years
Replies: 18
Views: 1778

Re: Invest in the US - planning to leave after 2-3 years

A couple of adjacent points to your main question, which others are answering: 1) Even though you are not eligible to make a traditional IRA contribution due to your income, you are still eligible to rollover your 401k into a traditional IRA when you leave your company. So you don't have to roll you...
by Bfwolf
Thu Jul 27, 2017 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: windfall upon job change
Replies: 10
Views: 1593

Re: windfall upon job change

Maybe somebody else will think of something more clever, but I'm with the folks above who say just add it to your taxable account. Question regarding all those stock options: is your plan to wait until you "retire" and then start cashing them in at the lower tax rate? This makes sense, but besides t...
by Bfwolf
Mon Jul 24, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: What would be the best way to keep money liquid for 1 year with best return?
Replies: 5
Views: 723

Re: What would be the best way to keep money liquid for 1 year with best return?

BTW, do you guys pay tax for income from interest? This whole federal withholding crap is confusing me. I hope I am exempt. :? :? :? This has me laughing out loud!!! In all seriousness, if you have never paid income tax in your life, don't worry about making quarterly payment, you'll pay at 4/15 ne...
by Bfwolf
Mon Jul 24, 2017 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: What would be the best way to keep money liquid for 1 year with best return?
Replies: 5
Views: 723

Re: What would be the best way to keep money liquid for 1 year with best return?

Hi Guys, I have around 300k laying in cash collecting 1.15% from Ally Bank. I am thinking of putting away around 200k for 11 month no-penalty CD with APY of 1.5% Does this seem like the best option around? I want to keep my principal and simply put away money for about a year. Thank you. BTW, do yo...
by Bfwolf
Sun Jul 23, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15833

Re: Dividend Misunderstandings & Only Spend Return

Moreover, I'm not sure exactly what we are testing here. Mostly I figured we were testing a dividend strategy. Given a portfolio this non-diversified (I'm not running a mutual fund) and there are only about 4 industries you are going to have all sorts of issues gumming up the works. Particular liti...
by Bfwolf
Sun Jul 23, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15833

Re: Dividend Misunderstandings & Only Spend Return

NNA and GMLP I want for diversification. This is already rather concentrated I don't want to lose yet another industry. They are going to correlate strongly with USA shipping, they are both global providers. How about you pick 2 other stocks HQed in the USA then? We don't need currency fluctuations...
by Bfwolf
Sun Jul 23, 2017 12:06 am
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15833

Re: Dividend Misunderstandings & Only Spend Return

It really isn't that hard to figure out which companies have a reliable yield and choose companies based their ability to provide the dividend. Yield plus quality screens would give you many many companies with a reliable dividend. Which incidentally also outperform the market and at lower risk. Pl...
by Bfwolf
Sat Jul 22, 2017 5:52 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15833

Re: Dividend Misunderstandings & Only Spend Return

It really isn't that hard to figure out which companies have a reliable yield and choose companies based their ability to provide the dividend. Yield plus quality screens would give you many many companies with a reliable dividend. Which incidentally also outperform the market and at lower risk. Pl...
by Bfwolf
Sat Jul 22, 2017 4:49 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15833

Re: Dividend Misunderstandings & Only Spend Return

willthrill: in your example, every time you don't reinvest the dividend you are choosing to own less of B than A. If you think the companies are identical why are you doing that? And sure, you'd rather own less of a company right before it gets wiped out. Right! What if the opposite happened and th...
by Bfwolf
Sat Jul 22, 2017 2:23 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15833

Re: Dividend Misunderstandings & Only Spend Return

saltycaper wrote:
Bfwolf wrote:

Oh well, I tried! I'll leave it to others to keep fighting the good fight.
Thank you for your efforts. You've dispatched the "free money" concept with ease, and I can't believe this is still a point of debate.
:sharebeer
by Bfwolf
Sat Jul 22, 2017 1:52 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15833

Re: Dividend Misunderstandings & Only Spend Return

You don't have two companies you have two bank accounts / money markets. In your example both A and B trade at intrinsic value the entire time. In which case, yes the return is equal. :confused :confused :confused Oh well, I tried! I'll leave it to others to keep fighting the good fight. The good n...
by Bfwolf
Sat Jul 22, 2017 1:47 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15833

Re: Dividend Misunderstandings & Only Spend Return

The math works as long as you assume each stock will rise and fall the exact same amount. How likely is that? I don't have a dog in this fight, but there are a lot of people arguing that dividend paying stocks are less volatile. See http://www.investopedia.com/ask/answers/06/pricevolatilitydividend...
by Bfwolf
Sat Jul 22, 2017 1:17 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15833

Re: Dividend Misunderstandings & Only Spend Return

This is an optical illusion. Your dividends reduce the value of the stock by the exact same amount. Thus, dividend stocks are not lower risk than non-dividend stocks. In fact, dividend stocks tend to be value stocks and thus are probably marginally higher risk than Total Market stocks, though also ...
by Bfwolf
Fri Jul 21, 2017 7:54 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15833

Re: Dividend Misunderstandings & Only Spend Return

I dont accept the contention that cash retained in a company is always equal to or better than cash distributed to me via dividends. I can understand why a finance professor would say they are equal as an academic matter, but in the real world retained earnings might or might not increase the value...
by Bfwolf
Fri Jul 21, 2017 7:43 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15833

Re: Dividend Misunderstandings & Only Spend Return

Work through you scenario where you are steadily pulling out $200 each quarter from the fund (I have to compensate for the crazy yield). During that 50% off quarter you do much more damage. Nope, you'll end up in the exact same place whether the fund pays a dividend or not. You do the math this tim...
by Bfwolf
Fri Jul 21, 2017 7:00 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15833

Re: Dividend Misunderstandings & Only Spend Return

No one has mentioned this: reinvested divvies are purchases on the regular dips. Yes, you get your own back, but you buy new shares at a discount, usually the same % as the divvie. In a large, stable company, the price tends to rise by at least the same amount by the next divvie cycle. Over decades...
by Bfwolf
Fri Jul 21, 2017 5:54 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15833

Re: Dividend Misunderstandings & Only Spend Return

Nate, Here is a chart of Vanguard dividend growth fund vs. the S & P 500. Hope this helps you... http://www.morningstar.com/funds/XNAS/VDIGX/quote.html Ha! You have cherry picked an actively managed fund that isn't even high dividend. It has a yield of 2% vs Total Stock Market Index of 1.92%. It is...
by Bfwolf
Fri Jul 21, 2017 2:47 pm
Forum: Personal Consumer Issues
Topic: Hotel Credit Card
Replies: 19
Views: 1385

Re: Hotel Credit Card

If you don't want to chase credit card bonuses every year, then I agree with the IHG card with the caveat that both you and your wife should get it. That way, you get 2 free nights per year which is far more useful practically speaking than 1 free night a year. But as others have said, this isn't a ...