Search found 839 matches

by Boglegrappler
Thu Apr 20, 2017 8:14 am
Forum: Investing - Help with Personal Investments
Topic: [Should I invest in an IPO?]
Replies: 11
Views: 927

Re: [Should I invest in an IPO?]

YaYo is not doing an ipo in the way its normally thought of. Its a "regulation A" filing. If you look it up, and read the filing, they've never had a dollar of revenue (sales). Its a complete start up. They have a no-name accountant, and the total assets of the company aren't even 200k. Th...
by Boglegrappler
Wed Apr 19, 2017 1:09 pm
Forum: Personal Consumer Issues
Topic: How to make best use of lunch with the company president/CEO?
Replies: 54
Views: 4679

Re: How to make best use of lunch with the company president/CEO?

Act as though your number 1,2, and 3 priorities are finding ways to help the company raise sales ,profitability, and enhance its competitive position. Don't ask questions about how the company can make your job/life more comfortable. Think of things the company could do differently to make you more ...
by Boglegrappler
Tue Apr 18, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Too much inheritance to handle. Advice needed
Replies: 89
Views: 9509

Re: Too much inheritance to handle. Advice needed

Could there be a chance that this guy did have good intentions, but isn't a good investor? Or are these 3 investments to obvious to give him the benefit of the doubt? Not every retail broker is an evil scumbag. There are actually people who benefit or take comfort from having someone look after the...
by Boglegrappler
Fri Apr 14, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Physician using Turbotax, owing 30K so far already...
Replies: 65
Views: 6643

Re: Physician using Turbotax, owing 30K so far already...

If you intend to continue using tax software (which is a good idea), you should develop the habit of printing the return out in hard copy and reviewing it page by page with your eyes on the paper and not on the screen. My experience has been that its very possible for me to make errors in my entries...
by Boglegrappler
Fri Apr 07, 2017 9:25 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 144
Views: 13071

Re: Social Security for Millennials

DM200 is correct. It is already happening and the system would not work even as "well" as it does if not for this. The current monthly benefit is calculated as follows: For an individual who first becomes eligible for old-age insurance benefits or disability insurance benefits in 2017, or ...
by Boglegrappler
Wed Apr 05, 2017 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 9949

Re: High Income earners, whats your Tax Strategy?

There isn't any good way to minimize your taxes beyond the pedestrian methods already mentioned.

The idea that truly wealthy people have the ability to do so Is misleading political rhetoric.
by Boglegrappler
Thu Mar 30, 2017 7:51 am
Forum: Investing - Theory, News & General
Topic: Doubting Shiller -- what is the "correct" P/E?
Replies: 44
Views: 2759

Re: Doubting Shiller -- what is the "correct" P/E?

As the quasi instigator of this thread, I guess, I'll chime in here. Several smart guys (Buffett, Cooperman) have opined in interviews over the past 5 months or so that stocks are not overvalued in their opinion unless rates rise materially (which I think they ball-parked as the upper 3s to 4% on th...
by Boglegrappler
Wed Mar 22, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Turned 70 & SS Benefits Stuck as Suspended
Replies: 6
Views: 1098

Re: Turned 70 & SS Benefits Stuck as Suspended

If you have an issue with a government agency and you are "in the right", a polite letter to your congressman and a senator outlining the issue will be forwarded to the Social Security Administration with a cover letter from the congressman/senator. Such inquiries get special treatment in ...
by Boglegrappler
Thu Mar 16, 2017 8:29 am
Forum: Personal Consumer Issues
Topic: Costco tire - Michelin vs Bridgestone
Replies: 20
Views: 2184

Re: Costco tire - Michelin vs Bridgestone

I've had both brands of tires from time to time. I prefer Michelin. My sense of things (not scientifically measured) is that michelins are more robust in construction, and use a bit "harder" rubber. The ride is a little rougher, and slightly more noisy. Bridgestones are made of softer comp...
by Boglegrappler
Wed Mar 15, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 9974

Re: $464.12 dinner bill last night. No regrets.

I liked your story a lot. Here's to your Aunt and Uncle, who set a fine example of generosity (and judgement). And to you, for taking the time and making the effort to ensure that they know they were appreciated. I fear that I've not done as well for people who were equally important to me. Hats off...
by Boglegrappler
Mon Mar 06, 2017 5:55 pm
Forum: Investing - Theory, News & General
Topic: Did you buy SNAP?
Replies: 85
Views: 6570

Re: Did you buy SNAP?

Are index funds able to get into IPOs at something close to the opening price? Since the company isn't in the index until the people who run the index say they are, there is no reason for an index fund to buy. Plenty of other funds buy at the opening offering price, and either hold on, or sell into...
by Boglegrappler
Tue Feb 28, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Taxes going up for some in 2017
Replies: 46
Views: 5128

Re: Social Security Taxes going up for some in 2017

Your are really stretching here. There hasn't been a change to the fundamental wage indexing in the last thirty-five (35) years. Maybe not. But even if the increase is by formula and had two years of increase combined into one, my guess is that it is surprising news to most people that any wage ind...
by Boglegrappler
Tue Feb 28, 2017 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Berkshire Hathaway Annual Meeting - Anyone Going?
Replies: 10
Views: 1459

Re: Berkshire Hathaway Annual Meeting - Anyone Going?

http://www.berkshirehathaway.com/meet01 ... nginfo.pdf

Not clear to me that owning through a mutual fund gets you a credential. I'd say probably not.
by Boglegrappler
Tue Feb 28, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Financial implications of paying for elderly mother' care facility
Replies: 6
Views: 748

Re: Financial implications of paying for elderly mother' care facility

Keep in mind that, even if the care cost doesn't fall under the medical exception to the 14K annual gift exclusion, this only has an impact on you if you expect to eventually die with more assets than the current 5.4MM per person estate tax exemption. If you aren't going to have more than that amoun...
by Boglegrappler
Tue Feb 28, 2017 2:46 pm
Forum: Personal Consumer Issues
Topic: Warning & Advice Requested
Replies: 19
Views: 1257

Re: Warning & Advice Requested

If you want the government to do anything for you, write to your congressman and one of your senators. They have a staff that spends all day working on these issues that their regulations create. Be concise, and polite, and describe your problem without ranting. Government agencies give serious prio...
by Boglegrappler
Tue Feb 28, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Taxes going up for some in 2017
Replies: 46
Views: 5128

Re: Social Security Taxes going up for some in 2017

Did you read the link that I supplied above? There is a reason that the taxable maximum has varied, or not, over the last few years. I read it. I also read this one, that has more history, and describes the ad-hoc patching. Didn't mean to imply that last years was gratuitous. Only that there is a (...
by Boglegrappler
Tue Feb 28, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Taxes going up for some in 2017
Replies: 46
Views: 5128

Re: Social Security Taxes going up for some in 2017

Don't get me wrong. I'm not saying that there was a deliberate stealth tax increase (because it would be politically suicidal to do that for one side or the other during an election year.) This is probably a mechanical adjustment based on the way the Social Security taxes work. Supposedly the ceili...
by Boglegrappler
Sun Feb 26, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: Buffett Annual Letter 2016 [Jack Bogle is a hero]
Replies: 69
Views: 5650

Re: Buffett Annual Letter 2016 [Jack Bogle is a hero]

However, I think this is kind of childish that he had *one* bad experience with a hedge fund and now he is claiming 'index funds!!!' Not following this. If you're referring to Buffett, his original partnership that became BRK would have been called a hedge fund. Not sure what "bad experience&q...
by Boglegrappler
Fri Feb 24, 2017 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: S&P at 22 times multiple
Replies: 40
Views: 4770

Re: S&P at 22 times multiple

That's pretty interesting. So if I take LadyGeek's recent post (Credit Suisse yearbook) about the World return on equity being 5.1% from 1900 - 2016, and assume world GDP growth of 2.5% for an awfully long time (this even ignores that by investing in equities rather than, e.g., government spending ...
by Boglegrappler
Thu Feb 23, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Wife discoverd UTMA account; Never received 1099s; Parents want it back
Replies: 21
Views: 2425

Re: Wife discoverd UTMA account; Never received 1099s; Parents want it back

Regrettably, this thread has comments that aren't germane. UTMA/UGMA accounts don't "shield anything". The parents are responsible for taxes on income from the account, because of the rule that requires parents to pay taxes at their rates, even on investments that belong to their children....
by Boglegrappler
Thu Feb 23, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: S&P at 22 times multiple
Replies: 40
Views: 4770

Re: S&P at 22 times multiple

Price = Earnings*(1+g) / (k-g) where g is the growth rate and k is the required rate of return. So P/E is (1+g) /(k-g) You'll note that in a zero growth company, P/E is simply 1/k . So, if we make some assumption that the required rate of return on an equity security today is, say, double the 10 yea...
by Boglegrappler
Tue Feb 21, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: Warren Buffett v. Bogleheads
Replies: 40
Views: 4532

Re: Warren Buffet v. Bogleheads

In all seriousness, many Bogleheads talk about how they love to "up" their buying when the market is down. This seems to be a variation of Buffet's philosophy. I suppose while this is still technically considered market timing, it's an acceptable form of market timing, right? It is a vari...
by Boglegrappler
Sun Feb 19, 2017 11:05 am
Forum: Investing - Theory, News & General
Topic: US debt approaching $20 Trillion
Replies: 18
Views: 1256

Re: US debt approaching $20 Trillion

So our debt as a country is approximately 1x GDP. Think of it like household income (and I know there's many reasons why this isn't correct but just bare with me)... so our country has borrowed the equivalent of 1x of our yearly output/income. Meh... nothing to get all excited about IMO. Thats a wa...
by Boglegrappler
Mon Feb 06, 2017 8:23 pm
Forum: Investing - Theory, News & General
Topic: A note of caution from Robert Shiller
Replies: 66
Views: 10058

Re: A note of caution from Robert Shiller

I'll take Buffett's view over Shiller's any day. Shiller doesn't seem to grasp that P/E ratios are reflecting both growth, and the ambient rates of return. For quite some time there has been precious little GDP growth, and that is why interest rates are so low. (Even larger growth companies have top...
by Boglegrappler
Thu Feb 02, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Can we still contribute to a SEP-IRA for 2016?
Replies: 5
Views: 422

Re: Can we still contribute to a SEP-IRA for 2016?

Yes, a SEP IRA can be opened and funded for the 2016 tax year if done by your tax filing deadline (4/18/17), including extensions (10/16/17). Double check me on this, but I think the rule is that you can make the contribution as long as you do it before you file your taxes. For example, I think tha...
by Boglegrappler
Thu Feb 02, 2017 11:10 am
Forum: Investing - Theory, News & General
Topic: Just watched Warren Buffett's new HBO Documentary
Replies: 50
Views: 6978

Re: Just watched Warren Buffett's new HBO Documentary

I haven't seen the film yet. He's good at finding deals during the crash... recall 2009 when he invested in excellent deals with GE, Goldman and BofA. He'll do it again at the next crash I'm sure... while we're all frozen :annoyed I have the impression from all he's written over the years that he ha...
by Boglegrappler
Tue Jan 31, 2017 8:01 pm
Forum: Investing - Theory, News & General
Topic: Exxon's PE ratio is 40????
Replies: 27
Views: 2720

Re: Exxon's PE ratio is 40????

Its a mature, low growth company. Like the auto companies, you'll find that at points in time where they are earning record profits the P/E multiple will be in the high single digits. And at the points in the earnings/economic cycle where the bottom has fallen out for the moment, they''ll sell at hu...
by Boglegrappler
Tue Jan 31, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: How do empty restaurants stay in business?
Replies: 28
Views: 2916

Re: How do empty restaurants stay in business?

It normally doesn't apply so much to restaurants, but its clear that many businesses are still open solely because they own the building that they occupy, and so have no out-of-pocket rent to pay.
by Boglegrappler
Mon Jan 30, 2017 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Helping my MIL figure out her holdings (Success! at least mostly)
Replies: 47
Views: 4076

Re: Helping my MIL figure out her holdings (no idea where)

Its now the time of year where 1099s are being sent to all security holders where there were dividends or gains/losses from a transaction. Keep your eye on your mothers' mail for hints about what she owns. Prior years tax forms, if done correctly, should also give some clues. Its' a little confusing...
by Boglegrappler
Sun Jan 29, 2017 3:42 pm
Forum: Investing - Theory, News & General
Topic: BRK - thoughts on interesting stock
Replies: 66
Views: 6385

Re: BRK - thoughts on interesting stock

When we have these extended discussions about BRK and I read the comments from the smart people on these boards, it reminds me that index funds are indeed the best investment for most people....even smart ones. Just to make a point about compensation of Berkshire's executives, everyone should know t...
by Boglegrappler
Mon Jan 23, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Charles Ellis has no bonds in his portfolio
Replies: 14
Views: 1935

Re: Charles Ellis has no bonds in his portfolio

For food for thought, read pages 17-19. I repeatedly recommend reading it, and doing that regularly is worthwhile. It is the best, and most succinct summary of asset allocation that you'll ever read, and it has, imo, a subtle message about the future. http://www.berkshirehathaway.com/letters/2011ltr...
by Boglegrappler
Thu Jan 19, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes owed 2016 as % of AGI?
Replies: 18
Views: 1253

Re: Taxes owed 2016 as % of AGI?

I haven't crunched my numbers for this year yet, but I expect to pay under 30% as an effective tax rate on something like twice your income. But I likely have a very different financial life from yours despite sharing the same profession. That will be a pretty good trick if it happens, but I'm not ...
by Boglegrappler
Mon Jan 16, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why nobody understands importance of high-deductible insurance?
Replies: 115
Views: 11030

Re: Why nobody understands importance of high-deductible insurance?

I carry a $1000 deductible in my car. Going to $2500 only saved about $150/year. Didn't seem like a good value. That's what I concluded. I always thought they had the higher deductible plan overpriced, and in effect used the extra premium dollars to subsidize the lower deductible plans. Probably th...
by Boglegrappler
Sat Jan 07, 2017 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: College application time coming soon. Can you recommend an SAT/ACT prep course? Or have other ideas?
Replies: 36
Views: 1715

Re: College application time coming soon. Can you recommend an SAT/ACT prep course? Or have other ideas?

Around 15 years ago they added a 'writing' section that was worth 800 possible points. It wasn't used by very many colleges in their evaluations, and it had some bizarre, subjective scoring issues. Have your kid get the '10 real SATs' book from the college board and just get comfortable with the for...
by Boglegrappler
Wed Jan 04, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 6777

Re: spousal disagreement over how much house to buy

the proper way to assess the importance of incremental additions to commute times is to consider what fraction of your free time you are relinquishing.

As you get older,you realize that all you really have in life is your time.
by Boglegrappler
Sat Dec 31, 2016 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Why did dividend yeilds rise so much the 4th quarter?
Replies: 13
Views: 1993

Re: Why did dividend yeilds rise so much the 4th quarter?

Q4 dividends for US stocks are always higher than the other quarters, and I assume that the underlying reason has more to do with US corporate behavior (and/or US corporate tax law) than anything to do with mutual fund mechanics. Typically companies pay the same quarterly dividend througout the yea...
by Boglegrappler
Thu Dec 29, 2016 9:14 pm
Forum: Investing - Theory, News & General
Topic: How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017
Replies: 42
Views: 5834

Re: How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017

Two million will give you maybe 44k annual income. That's not a lot to retire on.
by Boglegrappler
Wed Dec 28, 2016 9:23 pm
Forum: Investing - Theory, News & General
Topic: Picking Individual Stocks Is Dangerous
Replies: 58
Views: 5689

Re: Picking Individual Stocks Is Dangerous

With only 8 stocks compared to a "market" of 500, it's very likely that there will be a significant variance from the market. Too much random variation. If the article had suggested 40 stocks to buy, odds are that the variance would have been much less. It's just the way statistics works. ...
by Boglegrappler
Wed Dec 21, 2016 9:40 am
Forum: Investing - Theory, News & General
Topic: why not just buy BRK
Replies: 91
Views: 8966

Re: why not just buy BRK

Buffett has discussed the succession issue in his letters over probably the past 10 years. I think he's thought about it. The specific details are not disclosed though, and there are routinely articles speculating about those details. Since there is a lean headquarters staff, the biggest issue is wh...
by Boglegrappler
Sun Dec 18, 2016 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: UTMA account tax issue
Replies: 6
Views: 576

Re: UTMA account tax issue

Your wife received a check from the account. I don't see that triggering a taxable event. If I were you, I'd simply file my returns and wait to see if you receive some notice from the IRS that your wife owes something. I doubt you ever will. My guess is that her parents paid whatever taxes were due ...
by Boglegrappler
Sun Dec 18, 2016 7:05 pm
Forum: Personal Consumer Issues
Topic: Garage door gets stuck when opening/closing
Replies: 34
Views: 2309

Re: Garage door gets stuck when opening/closing

Disconnect the mechanical disconnect and lift the door by hand to give yourself a feeling of what your opener is feeling when it tries to lift the door. That should give you a sense of whether its binding someplace, or if a torsion spring (one that lightens the weight of the door on the opener) has ...
by Boglegrappler
Sun Dec 18, 2016 10:43 am
Forum: Personal Consumer Issues
Topic: Thoughts on SUV for retirement.
Replies: 54
Views: 4838

Re: Thoughts on SUV for retirement.

I have second generation GX with 70K miles. It's a great vehicle and you won't regret owning it. Toyotas and Lexuses are superiour in build and engineering quality to every other vehicle. It's not rich people dismissing little things. :) . Its smart people looking at what happens when they own somet...
by Boglegrappler
Sat Dec 17, 2016 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a college scholarship
Replies: 26
Views: 2185

Re: Getting a college scholarship

Most of the top schools meet your financial need if they admit you...especially the Ivy's. use the anonymous financial aid calculator at Harvard or Princeton to see what you would get. Also, many state schools will award "merit" scholarhips to high stat applicants, which you might meet. Fo...
by Boglegrappler
Fri Dec 09, 2016 9:22 pm
Forum: Investing - Theory, News & General
Topic: Did Buffett really believe the stock market went nowhere from 1964 to 1981?
Replies: 25
Views: 3079

Re: Did Buffett really believe the stock market went nowhere from 1964 to 1981?

take a look at what a new Chevy sedan cost you in 1964, and then in 1984. That might shed some light on the "went nowhere" measurement. You can parse out the dividend returns during those years, but when you do them after tax I don't think anyone would think his statement isn't pretty much...
by Boglegrappler
Fri Dec 09, 2016 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Is US stocks going up too fast?
Replies: 21
Views: 2274

Re: Is US stocks going up too fast?

Its worth noting that the action of the markets since the election is remarkable. Because you have a 70-80 basis point increase in the 10 year Treasury rate, which, other things equal, would suggest a lower stock market. But the market is up 6%+ or so. The only rational explanation for this is that ...
by Boglegrappler
Fri Dec 09, 2016 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Is US stocks going up too fast?
Replies: 21
Views: 2274

Re: Is US stocks going up too fast?

Buffett has repeatedly said that people should just buy their stocks and then don't look at them (the prices) for years at a time. In a recent interview, he conceded (paraphrasing) that "there's nothing wrong with looking at the price......but the problem is that most people think that the pric...
by Boglegrappler
Wed Dec 07, 2016 11:33 pm
Forum: Investing - Theory, News & General
Topic: McDonald's Stock
Replies: 103
Views: 9566

Re: McDonald's Stock

I own some MCD, but wonder about holding it. There has been no sales growth over the past four years, and in fact have been declines. They seem to have had their market invaded by other dining alternatives that force them to swim upstream. Their customer, I think, is older, and less affluent. The po...
by Boglegrappler
Fri Dec 02, 2016 1:30 pm
Forum: Personal Consumer Issues
Topic: Lexus (and Toyota) Owners --- Routine Service ??
Replies: 29
Views: 3063

Re: Lexus (and Toyota) Owners --- Routine Service ??

I've got a 2010 GX. I did my first two oil changes myself, but the skid plate on my GX has to be removed to change the oil filter cartridge, and its a pain in the butt. Normally I don't have to get under the car for and oil change since I use a mityvac extractor. After that I waited for dealer coupo...
by Boglegrappler
Thu Dec 01, 2016 8:28 pm
Forum: Personal Consumer Issues
Topic: Hearing aids: best brands and where to get them?
Replies: 35
Views: 3372

Re: Hearing aids: best brands and where to get them?

I have a Costco aid. Its my second. The first was from an audiologist associated with and ENT. I think Costco is a very good choice, for several reasons. Give them a try.

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