Search found 999 matches

by Boglegrappler
Thu Jun 21, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: HVAC installer just asked to borrow money..
Replies: 10
Views: 1958

Re: HVAC installer just asked to borrow money..

Credit is profusely available to even the most marginal borrower. He can easily go to a bank, use a credit card, or any number of other ways to access a loan. Just say that you don't make personal loans to anyone. I guess he figured if I had the cash on site to pay that rate when trapped in my house...
by Boglegrappler
Thu Jun 21, 2018 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: help, inheritance of $3.5M, read & read BogleH, & still in the dark
Replies: 28
Views: 3563

Re: help, inheritance of $3.5M, read & read BogleH, & still in the dark

Seems the advise concept is basically 80% in an extremely safe diversified preferred stock portfolio currently paying about 4% annual dividends. Buy a home using a portfolio loan (this family member tells me that's how the big dogs do it). Live off the dividends. You should be aware that if you sel...
by Boglegrappler
Wed Jun 20, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Consolidated List of Income Limits and Phaseouts for Federal Income Tax
Replies: 4
Views: 810

Re: Consolidated List of Income Limits and Phaseouts for Federal Income Tax

Looks like the link document was written before the passage of the last tax reform bill. Interesting history, but not correct today.
by Boglegrappler
Wed Jun 20, 2018 7:05 am
Forum: Investing - Theory, News & General
Topic: McKinsey: Rising corporate debt: Peril or promise?
Replies: 6
Views: 744

Re: McKinsey: Rising corporate debt: Peril or promise?

Time would be better spent reading these to get a better idea of who and what in fact McKinsey really is: A quick glance at those titles tells me that I have about 500 plus better things to do than to waste time with some whining leftist non-American who thinks McKinsey and its business is some kin...
by Boglegrappler
Tue Jun 19, 2018 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Messy Divorce -- Forensic Accounting Help....
Replies: 120
Views: 9739

Re: Messy Divorce -- Forensic Accounting Help....

I have no direct experience in these matters, but have several friends and an attorney who do have experience. Its common in divorce situations for (usually the wife) a spouse to believe that the breadwinner has "hidden" some money. From time to time, I suppose, this is true. But I think usually tha...
by Boglegrappler
Thu Jun 14, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: A Friend Asked Me - Ponzi or Not? [1st position commercial mortgage notes]
Replies: 38
Views: 7373

Re: A Friend Asked Me - Ponzi or Not? [1st position commercial mortgage notes]

The journal article notes that George Stephanopolous was an investor as well. Hard to know what to make of that without knowing the size and the circumstances of the investment. It's not unheard of for aggressive brokers to get a celebrity client involved in something in order to use their name as a...
by Boglegrappler
Mon Jun 11, 2018 9:05 pm
Forum: Personal Consumer Issues
Topic: How and what age to start piano lessons?
Replies: 13
Views: 1171

Re: How and what age to start piano lessons?

- If at all possible, get them a real piano and not an electric keyboard. Even the most expensive ones are lifeless compared to playing on a real wood and metal piano. Yamaha weighted-key digital pianos are quite satisfactory, can be moved easily by two people, and can use headphones for practice. ...
by Boglegrappler
Mon Jun 11, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Strategy for a prolonged bear market
Replies: 65
Views: 5400

Re: Strategy for a prolonged bear market

For those old enough, the Dow hit 1000 in the late 60s and then again around 1972 (I'm not looking this up, but going from memory), and in mid summer 1982 was knocking around 800-850 or so. Not sure what the S&P 500 was doing over that period. The Dow bottomed in 74 or 75 around 450ish. I'm not sure...
by Boglegrappler
Tue Jun 05, 2018 7:08 pm
Forum: Investing - Theory, News & General
Topic: WSJ:Social Security Expected to Dip Into Its Reserves This Year
Replies: 61
Views: 3043

Re: WSJ:Social Security Expected to Dip Into Its Reserves This Year

Too many are maxing out. In order to remain solvent, high earners (and their employers that pay the other half) need to pitch in more There are lots of articles on the social security site itself about this. Most, I believe, agree that so-called means testing doesn't work well. That's in part becau...
by Boglegrappler
Mon Jun 04, 2018 4:07 pm
Forum: Investing - Theory, News & General
Topic: Ed Slott Report "How Having Multiple IRAs Can Help Bequest Planning"
Replies: 4
Views: 711

Re: Ed Slott Report "How Having Multiple IRAs Can Help Bequest Planning"

I believe the article is mistaken on one important point. He writes implying that inherited Roth IRAs have no required minimum distribution. This is not true for a Roth that is inherited, as far as I know. If you inherit a Roth IRA you have to begin rmds shortly afterwards. Of course, these distribu...
by Boglegrappler
Mon Jun 04, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 4853

Re: Best case to convert a Bogle skeptic?

Not sure I have any helpful suggestions, but...... One of the reasons its hard to persuade someone is that a comparison to the index return is hard to make. If someone has an account that has multiple investments, even just a few transactions a year that change the composition, and perhaps cash infl...
by Boglegrappler
Sun Jun 03, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Gift tax exclusion - gifting to multiple people who then gift to one person?
Replies: 19
Views: 1865

Re: Gift tax exclusion - gifting to multiple people who then gift to one person?

The case cited in the link needs to be read carefully. The court makes a point that they normally would take the form of the transaction as indicating the substance. The reason that they decided as they did had to do with the fact that the wives immediately transferred the gifted shares to their hus...
by Boglegrappler
Sat Jun 02, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about accumulating funds
Replies: 13
Views: 1139

Re: Confused about accumulating funds

Wouldn't such an option (again, assuming identical performance) be better ? Pretty much as if i did take the S&P500 mutual/ETF that is reinvesting automatically and kept it in a tax-deferred account (401k) ? Yes, it would be better, using your assumptions. It keeps you from being taxed on the divid...
by Boglegrappler
Sat Jun 02, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Value of Umbrella Insurance Policy
Replies: 18
Views: 1964

Re: Value of Umbrella Insurance Policy

It would be against the rules of evidence to introduce at a jury trial either the defendant's net worth or the defendant's policy limits. It's always been my understanding that the limits of insurance coverage were "discoverable" in the legal process. Maybe that's different than being able to intro...
by Boglegrappler
Thu May 24, 2018 7:58 pm
Forum: Personal Consumer Issues
Topic: Alexa Echo sent family's audio file to a contact
Replies: 64
Views: 5740

Re: Alexa Echo sent family's audio file to a contact

This deserves a discussion among smart people, but in lieu of that, I'll start. Is there some regular function in Alexa that normally records longer periods of audio from the microphone and then can do something with that? I have an Echo, and don't use it a lot, but I don't remember seeing any instr...
by Boglegrappler
Sat May 19, 2018 12:06 pm
Forum: Investing - Theory, News & General
Topic: Fee transparency in private equity
Replies: 9
Views: 659

Re: Fee transparency in private equity

A less risky public service is to quietly inform your friends regarding the likely best investment choices rather than the one (service) you're contemplating.
by Boglegrappler
Mon May 14, 2018 12:47 pm
Forum: Personal Consumer Issues
Topic: Considerations in selecting a hearing aid
Replies: 14
Views: 668

Re: Considerations in selecting a hearing aid

I'm a fan of Costco. My first hearing aid came from the audiologist associated with the ENT Dr. I saw. It wasn't powerful enough, and the audiologist treated me like I was an uneducated geezer, and then bristled when I said I wanted to have the three choices of sound profile enabled on the hearing a...
by Boglegrappler
Sun May 13, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: Doubling Your Money
Replies: 32
Views: 6837

Re: Doubling Your Money

Not really directly responsive to your question, but I've always liked the "rule of 72" rule. Basically you can take most compounded rates of return in the realm of real possibility, and if you divide 72 by the rate of return, it tells you how many years it will take to double. For example, 72/10 = ...
by Boglegrappler
Fri May 11, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: When to claim Social Security: two reasons not to wait
Replies: 68
Views: 11935

Re: When to claim Social Security: two reasons not to wait

We cannot talk (much) about them, but there are proposals/discussions about further capping Medicare premiums in relation to SS retirement levels/increases. I'm not sure I'm up on the various discussions, but those interested in how Medicare is paid for should read the Kaiser Family Foundation arti...
by Boglegrappler
Fri May 11, 2018 8:06 am
Forum: Investing - Help with Personal Investments
Topic: Investment Advice from Pension Fund Manager - Should I listen?
Replies: 39
Views: 1843

Re: Investment Advice from Pension Furd Manager - Should I listen?

If the pension manager does in his job what he is suggesting, he'll be fired. I can guarantee that he's not doing that, unless he's not a real pension fund manager. There are some retail brokers who see themselves as that, and they aren't. Good points. I wanted to clarify he suggested ONLY SELLING T...
by Boglegrappler
Tue May 08, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Vehicle Tires and Dry Rot
Replies: 20
Views: 2171

Re: Vehicle Tires and Dry Rot

I've never liked the term "dry rot" for tires, but rubber does deteriorate over time, and sunlight in particular is not good for it. Think about what happens to elastic in your shorts and gym wear when it becomes brittle and loses its elasticity. My own guess is that 22k miles and five years isn't e...
by Boglegrappler
Tue May 08, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Spark Plugs only vs Tune Up?
Replies: 29
Views: 2029

Re: Spark Plugs only vs Tune Up?

Changing spark plugs is not too difficult for decently handy people. You need a ratchet and some extensions, a universal extension, and a spark plug socket (it has a rubber insert to keep the plug from falling out, and is deeper than normal so that it can fit over the plug and still reach the base t...
by Boglegrappler
Tue May 08, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Berkshire Hathaway B
Replies: 65
Views: 6516

Re: Berkshire Hathaway B

The requirement to disclose your stake in public companies goes back to the late 60s or early 70s and was part of what was called the Williams Act, if I'm recalling correctly. It's an interesting requirement from a public policy standpoint. In any case, BRK doesn't do "takeovers" that aren't welcome...
by Boglegrappler
Tue May 08, 2018 10:25 am
Forum: Investing - Theory, News & General
Topic: How does stock buyback benefit investors?
Replies: 78
Views: 6373

Re: How does stock buyback benefit investors?

These discussions make my head swim. Consider the situation where you and a partner own a business together. It has more than enough cash in the business to buy one of you out at some reasonable price. Who benefits from a partner being bought out? Well, it depends on the price. If the remaining part...
by Boglegrappler
Sun May 06, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Berkshire Hathaway B
Replies: 65
Views: 6516

Re: Berkshire Hathaway B

There are 20 other single stocks that BRK has higher stake than AAPL or 5%
The % of the stock owned isn't particularly relevant to a BRK investor. Click on the holding value of the position in that link. Apple is now by far the largest investment of the traded equities.
by Boglegrappler
Sun May 06, 2018 10:48 am
Forum: Investing - Theory, News & General
Topic: Shorting - Can Someone Explain
Replies: 32
Views: 2317

Re: Shorting - Can Someone Explain

The issue is that a passive indexed long approach has an expected return of x ( you choose your prediction, but some say as high as 6-8%, or even more). The same short sale of every stock in an index necessarily has the obverse result, which is a negative return of the same amount. What becomes clea...
by Boglegrappler
Sat May 05, 2018 12:04 pm
Forum: Personal Consumer Issues
Topic: Sprinkler system burst, company won't honor guarantee, what to do?
Replies: 21
Views: 3251

Re: Sprinkler system burst, company won't honor guarantee, what to do?

Just to followup on my comment about annual things going wrong, I recently put the system back on line and found one zone not working. I figured it would be a defective solenoid (which is a small screw-in component with two wires (low voltage) that opens or shuts the valve). After getting out today ...
by Boglegrappler
Sat May 05, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Berkshire Hathaway B
Replies: 65
Views: 6516

Re: Berkshire Hathaway B

I'm already in Apple, and at a better price and entry point than BRK got in the first quarter. :)
by Boglegrappler
Sat May 05, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Berkshire Hathaway B
Replies: 65
Views: 6516

Re: Berkshire Hathaway B

Warren Buffett’s Berkshire Hathawayabout will make about $700 million annually on Apple’s dividend You have to love journalists, (even financial journalists, who imo aren't much better than the others). Nowhere in the article linked does an uninformed reader learn how much had to be invested by BRK...
by Boglegrappler
Sat May 05, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Another help-me-help-my-mother post
Replies: 22
Views: 2282

Re: Another help-me-help-my-mother post

The only advice I have is to make sure you understand the annuities. It's always assumed in these discussions that they are for a person's lifetime, but it would be useful to be entirely certain of that. As far as declines in the first quarter, if you were invested in certain stocks, you would be do...
by Boglegrappler
Fri May 04, 2018 1:23 pm
Forum: Investing - Theory, News & General
Topic: Shorting - Can Someone Explain
Replies: 32
Views: 2317

Re: Shorting - Can Someone Explain

You've got the basics from the above posts. You set up a margin account, get approved for short-selling, and then you call your broker and say sell short 300 shares Jones Co at (the market, or a given price limit). There is a "hard to borrow" list at every firm and your broker may tell you he can't ...
by Boglegrappler
Fri May 04, 2018 11:55 am
Forum: Investing - Theory, News & General
Topic: Stock Buybacks as a Global Trend?
Replies: 39
Views: 3001

Re: Stock Buybacks as a Global Trend?

Buybacks are fine to do if the cash is excess to what is needed to maintain and grow the business. As Buffett has pointed out repeatedly, it is a preferred method for using such excess cash when compared to dividends. The key to it is--at what price are the shares purchased? If the price is too high...
by Boglegrappler
Fri May 04, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 31941

Re: Those with high savings rate: why?

one word: Freedom
Agree. I don’t enjoy being a supplicant, which is what you are if you can’t take care of yourself.
by Boglegrappler
Thu May 03, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care facility - shielding some assets for the kids
Replies: 37
Views: 3944

Re: Continuing Care facility - shielding some assets for the kids

So yes, CCRCs will keep people on at their own cost after the residents exhaust their financial resources. But it all depends on the CCRC and their financials. I question whether this is the case (by which I mean it is my belief that they put the residents on medicaid or some other public charge pr...
by Boglegrappler
Thu May 03, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care facility - shielding some assets for the kids
Replies: 37
Views: 3944

Re: Continuing Care facility - shielding some assets for the kids

Why should the care facility fund that on your behalf?
A better question is why should the OP fund the CC facility's acceptance of medicare and medicaid patients at the government capped rate?

I don't think any of these facilities ever keep anyone for free at the facility's own cost.
by Boglegrappler
Mon Apr 30, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: Sprinkler system burst, company won't honor guarantee, what to do?
Replies: 21
Views: 3251

Re: Sprinkler system burst, company won't honor guarantee, what to do?

I blow out my own system every fall. Every spring when I start it back up, there is something that has failed. Usually not from a freeze, but from some random goblin that breaks the sprinkler head, or renders a solenoid valve inoperable. Depending on how handy you are, sprinklers are rather simple t...
by Boglegrappler
Fri Apr 27, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: Learning to drive a stick [car with manual transmission]
Replies: 126
Views: 6194

Re: Learning to drive stick

I wouldn't compound it with a rental car that I only barely know how to drive. I agree with this. I grew up when there were more standard transmissions around, and had continuous access to a three speed 289 mustang which I drove a lot, and in an area where it was quite hilly. Bite the bullet and ge...
by Boglegrappler
Thu Apr 26, 2018 2:24 pm
Forum: Investing - Theory, News & General
Topic: Is there any app/software that neatly tells you daily gains/losses?
Replies: 19
Views: 1830

Re: Is there any app/software that neatly tells you daily gains/losses?

I used to use google finance's portfolio feature, but for some inexplicable reason they discontinued it. So i migrated over to Morningstar's portfolio feature. You simply register for free, and then you can have any number of different views of stocks you own or are interested in. It will let you ha...
by Boglegrappler
Thu Apr 26, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: Buffett tax red herring?
Replies: 13
Views: 2078

Re: Buffett tax red herring?

Yes, that's the problem with all of this. :) It involves predictions of the future. I may actually spend some time fiddling with the numbers in that chart to further dissect the past. Going back some years, the table did not include BRK's market value, but only the increase in book value in comparis...
by Boglegrappler
Thu Apr 26, 2018 12:17 pm
Forum: Investing - Theory, News & General
Topic: Buffett tax red herring?
Replies: 13
Views: 2078

Re: Buffett tax red herring?

This is the best I could up with as well. But it's mostly a timing issue as to when the tax is paid. By my calculation using the provided S&P numbers, a 2% constant yield on the S&P, and a 20% tax rate is that taxes on dividends reduce the after-tax CAGR for an investor by about 23 basis points. I'...
by Boglegrappler
Tue Apr 24, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Buffett tax red herring?
Replies: 13
Views: 2078

Re: Buffett tax red herring?

Alternatively, maybe he is referring to individual income tax on dividends, of which his conglomerate Berkshire Hathaway, BRK.A, doesn't distribute any. That's what he's pointing out. The quote is noting that the column that shows the S&P returns takes into account dividends (assuming, I presume, t...
by Boglegrappler
Sat Apr 21, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance Changing Lifestyle
Replies: 79
Views: 9925

Re: Inheritance Changing Lifestyle

If you have $5 million, invested in the S&P500, it will generate around 2% of dividends annually. Those should grow over time to at least keep pace with inflation, and so should the $5 million corpus of the inheritance. Note that that means you have an additional household "earner" who can generate ...
by Boglegrappler
Tue Apr 17, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Exposure not filing Gift tax return 709
Replies: 12
Views: 965

Re: Exposure not filing Gift tax return 709

I am absolutely not trying to avoid tax. We will never ever reach a gifting level of $5m-
Just to be current, the lifetime exemption has been doubled and is just over $11 million now, or about $22 million for a married couple.
by Boglegrappler
Mon Apr 16, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: $4,400 in AMT? sanity check, please?
Replies: 11
Views: 1575

Re: $4,400 in AMT? sanity check, please?

I'm not questioning the number per se, but based on your observations, I would suggest that you print out last years 1040, and schedule A and B, and then this years, and do a quick major line-by-line comparison. Having the paper side by side can help you figure what's going on. I've found that using...
by Boglegrappler
Mon Apr 16, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11959

Re: We crush stock indexes, Yale claims

So Yale could be overstating the value of its funds, where there are unrealized investments in those funds. However eventually the value will converge on the true cash value. Only if they keep putting more money into funds, at overstated valuations for unrealized investments, will this lead to an u...
by Boglegrappler
Sun Apr 15, 2018 8:12 pm
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11959

Re: We crush stock indexes, Yale claims

Much of Yale's holdings are in illiquid assets that rarely trade. The valuation must involve a good deal of estimation. I wonder how reliable their reported returns and performance actually are. This is an important point, and it applies to more than just Yale. It also appears that reporting requir...
by Boglegrappler
Sun Apr 15, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Dealing with poorly assigned hotel rooms?
Replies: 41
Views: 3385

Re: Dealing with poorly assigned hotel rooms?

Is there anything I can do further to get a refund or some kind of reimbursement from the original hotel? It's a $300+ a night room.. FWIW I booked through a larger hotel bookings site, and paid using a Fidelity Visa card. I'm guessing no, but figured I'd ask. Write a non-ranting, self-controlled l...
by Boglegrappler
Wed Apr 11, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Parents want to sell house to save their business
Replies: 14
Views: 1766

Re: Parents want to sell house to save their business

Years ago I read a book by Paul Hawken, who founded a couple of businesses. He noted that although many business owners who fail say that it was because they didn't have enough "capital", he actually thought that more businesses fail because they have too much capital than from the opposite. What he...
by Boglegrappler
Sun Apr 08, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: Help Me Make The Case Against Online Trading Academy
Replies: 33
Views: 2583

Re: Help Me Make The Case Against Online Trading Academy

It seems to me that Bogle's little book of common sense investing has most of the arguments that you need.

Good luck.
by Boglegrappler
Fri Mar 23, 2018 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Buying at IPO price
Replies: 9
Views: 885

Re: Buying at IPO price

While I have a few quibbles with the post above, in that all ipos are not created equal, it does implicitly point out a difference in buying an ipo on the offering, and buying any other stock in the market. When you buy in the market, for the vast majority of trades, you're buying from some other in...