Search found 941 matches

by Boglegrappler
Fri Feb 09, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a way to figure 2018 taxes?
Replies: 18
Views: 2181

Re: Is there a way to figure 2018 taxes?

I recently did something to simulate that. I think its decently accurate. I have the 2017 turbo tax version for this past year's taxes. So I used the "override" function to limit my tax deductions to the new limit. You can do the same thing to limit your exemptions to zero too. After doing that, I w...
by Boglegrappler
Thu Feb 01, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 9444

Re: How risky is Med school student loan debt?

While debt has its own special problems when you have too much relative to your income, this discussion is really a proxy for whether medical school is worth it economically.
by Boglegrappler
Fri Jan 26, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Accountant Recommends doing Whole Life Insurance
Replies: 64
Views: 5019

Re: Accountant Recommends doing Whole Life Insurance

Here's the biggest problem with whole life, in my opinion. In the few instances where I've tried to evaluate it, many decades ago, I found that I could not --could not!!--figure out how much I was paying for the life insurance. Neither could I figure out what level of investment return I'd be expect...
by Boglegrappler
Fri Jan 26, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: curious about baseboard heater problem
Replies: 7
Views: 406

Re: curious about baseboard heater problem

Not completely certain I'm understanding the issue, but in hwbb (hot water baseboard) systems, its common for loops to develop an air pocket that the circulator pump isn't able to overcome. When that happens, a "bleeder" valve needs to be opened to allow the air to be removed.
by Boglegrappler
Thu Jan 25, 2018 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Turn 75,000 into 1 million
Replies: 42
Views: 6815

Re: Turn 75,000 into 1 million

My old HP 12c tells me that to make 75,000 become 1,000,000 in 22 years.....one needs a compound annual growth rate of about 12.5%. So you just need to choose investments that will earn about 5 times the rate on the current 10 year treasury, and you'll get there, as long as the compounding is after ...
by Boglegrappler
Sun Jan 21, 2018 12:47 pm
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 67
Views: 4573

Re: New Brake Pads

Brake pads are not incredibly or even very easy to replace unless you have lots of experience and exactly the correct tools. "Familiar with wrenching" means "very experienced." The tools usually required are not ones anyone would own unless they have done a great deal of mechanical work, and some o...
by Boglegrappler
Sun Jan 21, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Sell Home Depot?
Replies: 51
Views: 4063

Re: Sell Home Depot?

Thanks to everyone who answered my post. I value all opinions. HD is about 1.9% of my portfolio and I think I am going to hold onto it for now. KPG One thing about the Boglehead's creed that seems not well understood is that index funds are generally recommended for several reasons. One is that the...
by Boglegrappler
Sun Jan 14, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Unwinding Stocks - Where to Start?
Replies: 21
Views: 1368

Re: Unwinding Stocks - Where to Start?

I understand that its against boglehead doctrine to own individual stocks. But, as a practical matter, the advantage of index funds is largely diversification. It seems to me that you're not all that concentrated in any one stock, and I'd think about how much sense it really makes to worry about thi...
by Boglegrappler
Fri Jan 12, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Getting your spouse on the same page
Replies: 53
Views: 5154

Re: Getting your spouse on the same page

One issue in this mix is that frugality and spending control is potentially just one facet of a controlling personality. I've seen some examples of this. Even with shared goals, it may be a bit tricky to get on the same page if there is a feeling that one person is dictating all the terms....and cho...
by Boglegrappler
Thu Jan 11, 2018 7:55 pm
Forum: Investing - Theory, News & General
Topic: Are Robo-Investors driving the market to insane levels?
Replies: 36
Views: 5302

Re: Are Robo-Investors driving the market to insane levels?

One should be aware that there was a change in corporate income tax rates late last month. So a corporation that was earning 100million pretax was left with 65% of that prior to the new bill. Since the passage, that same corporation will be left with 79% of that amount. Roughly speaking. So 79 vs 65...
by Boglegrappler
Tue Jan 02, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: Effects of extreme cold weather
Replies: 107
Views: 9853

Re: Effects of extreme cold weather

The tire pressure light is a common thing as temperatures fall. The noise in the car is a bit different, but there are some vehicles that have some diagnostic procedures that happen when the car is just sitting. There is a fuel evaporation purge that happens in Toyotas about six hours or so after th...
by Boglegrappler
Thu Dec 28, 2017 11:50 am
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 184
Views: 13543

Re: One answer to the Dividend stocks puzzle from behavioral finance

Regarding dividends, BRK doesn't pay them but you can sure bet that BRK receives them from its holdings. Where do you think Buffetts cash holdings come from to buy up shares of other companies. KO >3%, wmt >2%, wfc>2.5%, IBM >3.8% on and on Indeed they do, although that is not any indication of som...
by Boglegrappler
Fri Dec 15, 2017 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: The 9.1 billion shares mystery of Googles IPO
Replies: 10
Views: 1945

Re: The 9.1 billion shares mystery of Googles IPO

Use the 424b prospectus that has the final numbers. https://www.sec.gov/Archives/edgar/data/1288776/000119312504143377/d424b4.htm Authorized shares are simply authorized. Market capitalizations are calculated using shares issued and outstanding. Any analysis of the Google IPO needs to be informed by...
by Boglegrappler
Thu Dec 14, 2017 8:01 pm
Forum: Investing - Theory, News & General
Topic: Moods of the U.S. Stock Market, 1990-2017
Replies: 30
Views: 2411

Re: Moods of the U.S. Stock Market, 1990-2017

The problem with that narrative is that multiple expansion can indeed happen from "mood swing" enthusiasm that overestimates the future growth rate, only to be brought back to earth. But....the exact same multiple also expands if the overall rate of return declines (as evidenced by current interest ...
by Boglegrappler
Thu Dec 14, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Hire CPA or file my own taxes?
Replies: 12
Views: 1129

Re: Hire CPA or file my own taxes?

I've always done my own taxes. It seems to me that the biggest pain in the butt of doing them is assembling the information, which you have to do anyway even if you use a CPA or outside preparer. There have been times when I've made errors and cost myself in penalties (once...simply missed a 1099 in...
by Boglegrappler
Thu Dec 07, 2017 10:12 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Is Worried About U.S. Pensions
Replies: 85
Views: 8786

Re: Jack Bogle Is Worried About U.S. Pensions

I'm not saying he's wrong. I'm saying that there is a cost to being too conservative, although it isn't generally as big a cost as being too liberal with one's assumptions.
That last sentence qualifies as gospel. :)
by Boglegrappler
Thu Dec 07, 2017 8:11 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Is Worried About U.S. Pensions
Replies: 85
Views: 8786

Re: Jack Bogle Is Worried About U.S. Pensions

Bogle is making a very important point. In calculating pension obligations, and funding percentages, an assumption (forecast) is made of the rate of return on the existing investment portfolio that is a large part of determining whether the pension is currently over or (usually) underfunded, and to ...
by Boglegrappler
Thu Dec 07, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5889

Re: What do Bogleheads say when they don't want to spend money?

You just say that it doesn't have enough value to you to justify the purchase. That's the truth. We can afford plenty of things that we choose not to buy. I'll make a side comment and say that as I've aged, I see frugality as potentially part of a controlling personality syndrome. Sometimes the frug...
by Boglegrappler
Tue Dec 05, 2017 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell some of my Berkshire stock
Replies: 34
Views: 3751

Re: Should I sell some of my Berkshire stock

I'm assuming that that graph is only applicable if both investments are held in a non-taxable account. Right?

In a taxable account the index fund dividends would require tax payments to be made, which would lower the rate of return shown.
by Boglegrappler
Wed Nov 29, 2017 7:03 pm
Forum: Personal Consumer Issues
Topic: quiet natural gas generators
Replies: 38
Views: 2372

Re: quiet natural gas generators

The 20-40kw generators running on propane or natural gas will make noise at about the level of a pickup truck idling. Its not that quiet if you're 15 feet away with the windows open, but if you're in a neighborhood where house spacing is is decently far, it won't be something that bothers your neigh...
by Boglegrappler
Sun Nov 19, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 108
Views: 13639

Re: The valet smashed my Tesla into a brick wall!

Things are in the saddle,
And ride mankind.

- Emerson
I'm thankful to have been born some place where we have things to worry about being in the saddle. :)
by Boglegrappler
Fri Nov 17, 2017 10:26 pm
Forum: Investing - Theory, News & General
Topic: Goldman Sachs mulls the death of the value factor
Replies: 18
Views: 2289

Re: Goldman Sachs mulls the death of the value factor

And that is exactly what happened. Actually the market took off when the Fed decided that the cure was worse than the disease, and dropped rates several times in August 1982. It unleashed a housing inflation and other price increases that were truly impressive. It took imo, another 25 years or more...
by Boglegrappler
Mon Nov 13, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Long term capital gains tax - effective tax is higher than 15%
Replies: 15
Views: 1287

Re: Long term capital gains tax - effective tax is higher than 15%

Not sure why it wouldn't be accurate for your tax bracket, but the top gains rate for upper income tax payers is 20%, with the possibility of paying an additional 3.8% on net investment income, which comes out suspiciously close to your 24% rate on your calculator.
by Boglegrappler
Mon Nov 13, 2017 10:32 am
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 123
Views: 15426

Re: GE and the myth of "safe blue-chip stocks"

I own some GE, and they've announced that they're going to drop the dividend in half. It's not a big deal since its a small part of my portfolio. Plus you could see that possibility coming since the market was pricing the stock so that the previous dividend was creating a high 4% ish yield. In this ...
by Boglegrappler
Fri Nov 10, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest my settlement
Replies: 16
Views: 1833

Re: How to invest my settlement

I know several people who either got large settlements or won large judgements. Except for one guy, every one of them managed to spend all of the money within five years. Most with a year. This is regrettably typical. The amount you're talking about, while impressive in one sense, isn't all that mu...
by Boglegrappler
Fri Nov 10, 2017 1:29 pm
Forum: Personal Consumer Issues
Topic: Home backup generator experiences
Replies: 51
Views: 3210

Re: Home backup generator experiences

A 20KW propane generator runs at 3.44 gallons per hour at full load and at a bit over 2 gph at less than half load.
The load on the generator makes quite a difference. Most of the time, I'm guessing that the loads on these aren't even near half, as long as its not July and 90 degrees.
by Boglegrappler
Fri Nov 10, 2017 12:28 pm
Forum: Personal Consumer Issues
Topic: Home backup generator experiences
Replies: 51
Views: 3210

Re: Home backup generator experiences

We have a 400 gallon tank. My days of running capacity number are computed using empirical data from the long outage we had. A 300 gallon full tank of propane and a 20k generator will run for quite a long time. Just as a note, although there is no way to disguise the fact that you have a generator, ...
by Boglegrappler
Thu Nov 09, 2017 3:45 pm
Forum: Personal Consumer Issues
Topic: Home backup generator experiences
Replies: 51
Views: 3210

Re: Home backup generator experiences

I've had two large generators...a Cummins Onan 30kw and a Kohler 37kw. Both propane. Each had its tweaks to being with. The Cummins had the control board fry because of a surge from a lightning strike in the area (not direct), but was ok after that. The Kohler kept throwing a low coolant fault that ...
by Boglegrappler
Thu Nov 09, 2017 11:31 am
Forum: Investing - Theory, News & General
Topic: Has “Dividend Yield” Become Globally Obsolete?
Replies: 35
Views: 2505

Re: Has “Dividend Yield” Become Globally Obsolete?

Share buybacks should only occur when COMPETENT boards/management deem their shares are trading below well below "intrinsic value", as per Warren Buffett (and every sane person on the planet!). Very important. Some of the ideas noted here should be tempered by noting that they actually could be neg...
by Boglegrappler
Wed Nov 08, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: What's the most "interesting" job in corporate finance?
Replies: 30
Views: 3324

Re: What's the most "interesting" job in corporate finance?

Last point, the importance of high moral character cannot be overstated. This is another area where some ambitious people fall short. Buffett has noted that the most important traits employees can have are intelligence, energy, and high moral character. But he notes that high moral character is the...
by Boglegrappler
Sun Nov 05, 2017 2:40 pm
Forum: Investing - Theory, News & General
Topic: Investment Books & Your Library
Replies: 36
Views: 2920

Re: Investment Books & Your Library

The anthologies by Charles Ellis of Greenwich Associates titled Classics, and Classics II are collections of articles about investing and investing history. Even if you are a bogle head and think you don't need to understand a lot more than that, thoughtful readers will find the articles interesting.
by Boglegrappler
Tue Oct 24, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Attempted theft of bank funds via identity theft
Replies: 19
Views: 2807

Re: Attempted theft of bank funds via identity theft

If they went to the trouble to do this, why would they allow the Barclays bank to have the actual real address? That turned out to be flaw #1 in the plan.

There must be a reason they couldn't get around that.
by Boglegrappler
Mon Oct 23, 2017 5:06 pm
Forum: Personal Consumer Issues
Topic: Honda Accord LX with no transmissin dipstick
Replies: 31
Views: 2747

Re: Honda Accord LX with no transmissin dipstick

Welcome to the 21st century.

I learned about this some years ago when I was trying to instruct my kids on how to check the oil and transmission fluid. No transmission dipstick. I think that was on an 07 model, and it might have started before that.
by Boglegrappler
Mon Oct 23, 2017 11:21 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Why Do Hedge Funds Exist?
Replies: 10
Views: 1462

Re: Larry Swedroe: Why Do Hedge Funds Exist?

Hedge funds exist because they offer the hope of beating the market. Some have done it. Of course, if no one hoped to beat the market, it wouldn't matter. But the world is full of investors who seriously desire to beat the market. Among them are many of the largest, ostensibly smartest, investing in...
by Boglegrappler
Sat Oct 21, 2017 6:20 pm
Forum: Investing - Theory, News & General
Topic: Why do I need bonds? (I'm 30)
Replies: 70
Views: 7330

Re: Why do I need bonds? (I'm 30)

I think most of the advice is pretty good. The real issue, to me, is whether you can stay the course when faced with a sharp downturn. The past years since early 2009 truly do not give you the correct feel for the reality of a crash and crisis. Plus, not every recession has a crash that bounces with...
by Boglegrappler
Thu Oct 19, 2017 10:23 am
Forum: Investing - Theory, News & General
Topic: Warren Buffett Books
Replies: 35
Views: 3828

Re: Warren Buffett Books

I'd recommend to people just to read all of his letters, which are available online in simple format from 1977 on. You'll learn more from them than from reading what writers think about him, although it will be a bit less entertaining. Getting to the nub of his approach takes some repetition (in ter...
by Boglegrappler
Wed Oct 18, 2017 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: If someone held a gun to your head, and force u to gamble whether the S&P 500 will rise or fall tomorrow, what do u say?
Replies: 45
Views: 2755

Re: If someone held a gun to your head, and force u to gamble whether the S&P 500 will rise or fall tomorrow, what do u

It's worth repeating something a smart guy once said to me years ago: If it weren't for some short-term, and intermediate term fluctuations, every day would be a new record for the indexes.

If you absolutely had to make a wager on tomorrow, you bet on an increase.
by Boglegrappler
Tue Oct 17, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Death Benefits
Replies: 5
Views: 863

Re: Social Security Death Benefits

You may be correct about that. It seems that the file and suspend strategy of triggering minor child benefits may have been eliminated in the 2015 changes, although I'm not sure. Its such a rare situation that not much is written about it. It is possible to start your own benefits and to trigger min...
by Boglegrappler
Mon Oct 16, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: UTMA accounts
Replies: 17
Views: 765

Re: UTMA accounts

I'm not sure of the benefit of the UTMA UGMA accounts for most people. It seems to me that the biggest advantage is if you were expecting to be subject to estate taxes, you can get 14k (28k for a married couple) to each of your children annually and it will be out of your estate if you happen to die...
by Boglegrappler
Mon Oct 16, 2017 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Death Benefits
Replies: 5
Views: 863

Re: Social Security Death Benefits

Although this might not be the best thread for noting this point, parents who are at the social security eligible age and who still have children under age 18 can file and suspend (I believe) and have the children collect benefits as a minor child until the child turns 18. This is not a very prevale...
by Boglegrappler
Sun Oct 15, 2017 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: [Social Security announces 2.0% benefit increase for 2018]
Replies: 26
Views: 3646

Re: [Social Security announces 2.0% benefit increase for 2018]

Just as an aside Medicare Premiums are also taxable for those with enough MAGI to make them so. (I send 25% of my GROSS SS Benefits back to the government each year). I'm not understanding this comment. Medicare premiums are something you pay. They're not income to you. They are not "taxable". Howe...
by Boglegrappler
Sun Oct 15, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Little as possible for govt
Replies: 9
Views: 1517

Re: Little as possible for govt

If I understand your situation correctly, it seems that you would be able to roll a lump sum distribution into an IRA account, either directly from trustee to trustee, or within 60 days if distributed to you. See the Tax Issues section of this page. https://www.nceo.org/articles/esop-participant-dis...
by Boglegrappler
Sun Oct 15, 2017 8:07 am
Forum: Personal Consumer Issues
Topic: Negotiating for a new car purchase
Replies: 86
Views: 7607

Re: Negotiating for a new car purchase

I've had success doing the following. 1. Use autotrader and Cars.com to see how prevalent the car you want is in dealer inventories in your region. You will also be able to learn how many dealers will discount from the sticker, and to what degree. I find this very useful to get an idea of what kind ...
by Boglegrappler
Sat Oct 14, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: [Social Security announces 2.0% benefit increase for 2018]
Replies: 26
Views: 3646

Re: [Social Security announces 2.0% benefit increase for 2018]

Apparently 95% of SS/Medicare recipients are in the base Hold Harmless tier. So if healthcare costs related to Medicare increased more than 2% last year, the entire amount above the SS increase gets apportioned across the 5% in higher Medicare tiers. Last year that was going to happen and it got "f...
by Boglegrappler
Fri Oct 13, 2017 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Voluntary Corporate Action Tendered Offer Wal-Mart questions
Replies: 8
Views: 730

Re: Voluntary Corporate Action Tendered Offer Wal-Mart questions

I've only looked at it quickly, but I think you may not be reading the offer correctly. Its offering a price calculated to bring a yield to maturity of of 50 basis points over a "reference" US treasury bill, which matures 12 years after your bond (a generous reference benchmark). That price plus the...
by Boglegrappler
Thu Oct 12, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: What is the process for liquidating inherited individual stocks?
Replies: 17
Views: 1375

Re: What is the process for liquidating inherited individual stocks?

We are aware of the WF fraud schemes. We have no idea yet whether our relative had any phantom accounts fraudulently created in his name to get more commissions for WF sales agents. It doesn’t seem like we could trust WF to research this. Has anyone with WF encountered any problems with their broke...
by Boglegrappler
Mon Oct 09, 2017 2:54 pm
Forum: Investing - Theory, News & General
Topic: Dividends growing at higher rates than inflation?
Replies: 9
Views: 912

Re: Dividends growing at higher rates than inflation?

Some of my dividends have been growing pretty well over the past seven or eight years. One of the things to be aware of is that dividends cannot grow faster than earnings grow, in the long run. Take a look at your companies and see if they are paying out a higher and higher share of earnings per sha...
by Boglegrappler
Fri Oct 06, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or keep shares of a private company?
Replies: 39
Views: 2578

Re: Sell or keep shares of a private company?

If you can't stand the idea of passing up the cash, I'd urge you to sell only half of your stake. My guess is that your buyer would balk at that. But the fact that you have an offer has "informational content". Someone with investment expertise believes your shares are worth at least what they've of...
by Boglegrappler
Thu Sep 28, 2017 4:13 pm
Forum: Investing - Theory, News & General
Topic: Share buybacks vs Dividends
Replies: 102
Views: 5505

Re: Share buybacks vs Dividends

For those interested in a fairly simply, common sense discussion of these issues, see Buffett's letter from 2012, pages 19-21. Its a pretty good summary of the considerations around decisions to pay dividends, or buyback shares, or neither. http://www.berkshirehathaway.com/letters/2012ltr.pdf Among ...
by Boglegrappler
Mon Sep 25, 2017 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: What's the purpose of having a child's name on a deed?
Replies: 43
Views: 3885

Re: What's the purpose of having a child's name on a deed?

PA has an inheritance tax that amounts to 4.5% on transfers to direct descendants. The rate for transfers to siblings is much higher. If the property is jointly owned, and has been jointly owned for the year before (to prevent transfers just prior to deaths), then the co-owned portion is not subject...