Search found 957 matches

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: 822

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: 1459

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: 89
Views: 9957

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: 89
Views: 9957

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: 3100

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: 1632

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: 2334

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: 808

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...
by Boglegrappler
Fri Mar 23, 2018 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Buying at IPO price
Replies: 9
Views: 808

Re: Buying at IPO price

They then ask you how many shares you want to buy. You ask what the price is and they tell you they can't tell you because it has not been decided yet. Preliminary prospectuses have an anticipated price (think 18-20) range to give prospective purchasers a hint about what the underwriters and compan...
by Boglegrappler
Thu Mar 22, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Notice Help
Replies: 11
Views: 750

Re: IRS Notice Help

If you didn't report these transaction, and the cost basis of the shares you sold, on your tax return, the IRS will assume a $0 cost basis and then try to collect capital gains tax on the entire sales proceeds. Exactly. From direct experience. But all you have to do is report it correctly and the b...
by Boglegrappler
Mon Mar 19, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Ever received a legitimate unsolicited call from the I.R.S.?
Replies: 24
Views: 2169

Re: Ever received a legitimate unsolicited call from the I.R.S.?

My experience with the IRS is that they have never called me. On the occasions where they have a question or disagree with my filed return, they simply redo the return in the way that is most beneficial to them, and mail a deficiency notice asking you to pay up or explain why they are not correct. Y...
by Boglegrappler
Tue Mar 13, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 127
Views: 10357

Re: New Car: Ever make sense to lease?

I've never leased a car yet, but have mildly considered it based on the idea that in three years or so I might want something different or have different circumstances. It occurs to me that there could be an unfilled niche in the market for people like me. I'd be willing to do a deal where I paid up...
by Boglegrappler
Sat Mar 10, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: Sump Pump Issues - What can I do, if anything?
Replies: 27
Views: 2530

Re: Sump Pump Issues - What can I do, if anything?

Most of the discussion of "water table" is misguided, including by professionals. Your house rests on a foundation that sits in a hole in the ground. No foundation is water tight, nor are they intended to be. If the water that would like to fill up the hole occupied by yorur foundation gets above th...
by Boglegrappler
Tue Feb 27, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett Dislikes Bonds
Replies: 57
Views: 6759

Re: Warren Buffett Dislikes Bonds

“Don’t ask the barber if you need a haircut.” Translation: don’t listen to the head of a publicly listed company (ie a stock) when he tells you to buy stocks not bonds... These discussions about Buffett usually make me cringe, and they usually confirm why most Bogleheads should be Bogleheads. :) It...
by Boglegrappler
Mon Feb 26, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 205
Views: 10599

Re: How Far is too Far, Commuting?

IMO, the right way to look at adding to your commute time is to assess the added increment as a percentage of your current average free time.

Sometimes you'll conclude that the incremental commute will turn out to be 100 percent or more of your current free time.

Good luck.
by Boglegrappler
Sun Feb 25, 2018 4:08 pm
Forum: Personal Consumer Issues
Topic: Value of an Elite MBA
Replies: 58
Views: 5613

Re: Value of an Elite MBA

It all depends on what your ultimate target is. If you're a smart person who is thoughtful, the things you learn in most MBA programs will likely be learnable by you in some other way. However......if you want to become a CFO someplace, you'll need to get an entry level job in one of those organizat...
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: 2313

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: 9772

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: 5153

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: 420

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: 6959

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: 4696

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: 4132

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: 1407

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: 5240

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: 5379

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: 10067

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: 14013

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: 1989

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: 2490

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: 1217

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: 8987

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: 8987

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: 6136

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: 3874

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: 2464

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: 13783

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: 2318

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: 1328

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: 125
Views: 16308

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: 1898

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: 55
Views: 4517

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: 55
Views: 4517

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: 55
Views: 4517

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: 2632

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: 3451

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: 3033

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: 2896

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: 2906

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: 1499

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...