Search found 857 matches

by Boglegrappler
Fri May 19, 2017 9:05 am
Forum: Investing - Theory, News & General
Topic: The Case for Dividend Stocks in Retirement (article)
Replies: 86
Views: 8908

Re: The Case for Dividend Stocks in Retirement (article)

disagree. And so do the boards of directors of every single company in the DOW (who all pay dividends). Distributing profits to the owners is one of the most important reasons that businesses exist. Well, that's close, but maybe a tad too specific. Actually the businesses exist, from the shareholde...
by Boglegrappler
Fri May 19, 2017 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Resigning from a job: best practices and advice?
Replies: 111
Views: 8626

Re: Resigning from a job: best practices and advice?

I've only got a couple of pieces of advice. 1. Be prepared for anything. They could tell you to get out now. Be sure you're calm about this, and courteous. Stay on the high road always always always, because: 2. The world is much smaller than people imagine, and remarkable twists and things happen. ...
by Boglegrappler
Thu May 18, 2017 7:08 pm
Forum: Personal Consumer Issues
Topic: Neighbor draining onto / flooding my patio and yard daily - what can I do?
Replies: 59
Views: 4674

Re: Neighbor draining onto / flooding my patio and yard daily - what can I do?

Hard to believe that a sprinkler system can come close to replicating a decent rain. There really shouldn't be very much "run-off". This makes me wonder if there is a defective sprinkler head or other leak that is putting way more water than intended into the lawn. ( I had this problem wit...
by Boglegrappler
Thu May 18, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: Tire Puncture - plug from outside or patch and plug from inside
Replies: 31
Views: 1532

Re: Tire Puncture - plug from outside or patch and plug from inside

I've plugged more than six or seven tire punctures over the years. Most of them were in Michelin tires (which I favor) and all were in the tread rather than on the edge or sidewall. I never had an issue with any of them leaking, nor with performance of the tire in any way. You can do it yourself wit...
by Boglegrappler
Tue May 16, 2017 8:54 pm
Forum: Personal Consumer Issues
Topic: experiences with treating sulfur odor in well water?
Replies: 10
Views: 666

Re: experiences with treating sulfur odor in well water?

Sometimes wells have a problem with sulphur bacteria, which can be cured by chlorinating the well with bleach. It may also require chlorinating the water heater too, as the sulphur bacteria like higher temperatures, and the magnesium anodes in some hot water tanks. They're not harmful, just stunning...
by Boglegrappler
Mon May 15, 2017 8:14 pm
Forum: Investing - Theory, News & General
Topic: BRK.A/B a dangerous long term play?
Replies: 20
Views: 1813

Re: BRK.A/B a dangerous long term play?

Its value depends entirely on the value of its holdings, and the ability of its leader(s) to manage those holdings. These threads always amuse me, and (forgive me here) reinforce the idea that bogleheads should mostly never buy individual stocks. The first part (value of its holdings) is gospel, an...
by Boglegrappler
Wed May 10, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: Buffet - The Wrath of Ebit
Replies: 27
Views: 2794

Re: Buffet - The Wrath of Ebit

There is no systemic 'lying', no 'hidden' numbers - each component of EBITDA is right there for everyone to see and use how they see fit. Indeed, this is the case. I do like Buffett and Charlie, but I'll note one thing. You'll get plenty of comments from them about bad business practices, but they ...
by Boglegrappler
Tue May 09, 2017 5:30 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 5848

Re: Buffett/IBM

Thanks for a thoughtful analysis.
by Boglegrappler
Tue May 09, 2017 12:44 pm
Forum: Investing - Theory, News & General
Topic: Gundlach shorts S&P 500, says passive investing is a 'myth'
Replies: 51
Views: 5918

Re: Gundlach shorts S&P 500, says passive investing is a 'myth'

He's a bit worried that pension fund managers have decided that they're paying too much to offload their responsibilities.

That said, I think he's a pretty smart fellow. I pay attention to what he says.
by Boglegrappler
Mon May 08, 2017 9:56 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 5848

Re: Buffett/IBM

(a) Beating the SP500 was no longer something BRK could do on a regular basis, both he and Charlie were not recommending buying more BRK, the magic times are over, the dumb luck was dumb luck it cannot be summoned. They've been saying a variation of that for at least twenty years. It used to be jus...
by Boglegrappler
Sun May 07, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Transferring vehicle and insurance to adult child
Replies: 11
Views: 705

Re: Transferring vehicle and insurance to adult child

Did this not long ago. Transferred the title, and child got their own insurance. Turned out that GEICO was competitive on the cost of coverage, and was also easy to do. It was all on-line, IIRC. They do search your drivers license and history (credit too, I think). We couldn't get a regular agent in...
by Boglegrappler
Sat May 06, 2017 4:59 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 5848

Re: Buffett/IBM

He fell victim to one of his own old adages. Its better to own a terrific business at a fair price than it is to own a fair business at a terrific price. IBM has been a value play for a while, with a multiple that is materially below the market multiple. That's reflective of the market's view of the...
by Boglegrappler
Fri May 05, 2017 7:43 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 5848

Re: Buffett/IBM

Take your take hit over some reasonable time and get your ownership down to a level that makes you comfortable. That could be zero. My great guess is that IBM is also having difficulty attracting the best young talent to it. (GE is also, as you can tell from television ads that they've been running....
by Boglegrappler
Fri May 05, 2017 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Medallion Signature for Vanguard Trust
Replies: 29
Views: 2169

Re: Medallion Signature for Vanguard Trust

Please know that by providing Medallion signatures, the signing officer and the institution are accepting liability for the accuracy of whatever form you are filling out This is the reason why banks and credit unions require that you establish accounts with them. They want to know you, know your fi...
by Boglegrappler
Fri May 05, 2017 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Digital signatures & private equity investment
Replies: 5
Views: 441

Re: Digital signatures & private equity investment

Well I'm concerned that a manually scanned in digital signature wouldn't hold up in court later if it ever came to that. Don't worry about it? There aren't many situations, if any, where the defense against a complaint by you would be that you were never a partner. You'd have a cancelled check and ...
by Boglegrappler
Fri May 05, 2017 7:03 am
Forum: Investing - Help with Personal Investments
Topic: What to do with inheritance
Replies: 37
Views: 3400

Re: What to do with inheritance

I think paying your 6% student loans down makes sense. That leaves you with what's left, but as you've said, some of that is in an IRA. Note that if its in a traditional IRA (meaning all the distributions are taxable to you), you shouldn't think of it as being $200,000, because it isn't. It's that, ...
by Boglegrappler
Thu May 04, 2017 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Digital signatures & private equity investment
Replies: 5
Views: 441

Re: Digital signatures & private equity investment

My quick reaction to this is that the form of the signature matters very little.

What really matters is what type of investment is contemplated, and who is doing the investing. Are you in with KKR, or Bob's business broker?

It also matters how much you invested relative to your other assets.
by Boglegrappler
Tue Apr 25, 2017 8:16 pm
Forum: Personal Consumer Issues
Topic: Replacing MacBook Pro (retina) Battery
Replies: 12
Views: 685

Re: Replacing MacBook Pro (retina) Battery

I've done an older MacBook, non retina screen. In my case, you needed a small set of precision screwdrivers with a phillips head to remove the 10 or so screws on the bottom panel. It then lifts right off, but the screws are very small and easy to lose if you aren't dextrous. The battery in mine was ...
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: 1270

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: 55
Views: 5382

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: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 13720

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: 7131

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: 13957

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: 10829

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: 2897

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: 1121

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: 2494

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: 10185

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: 116
Views: 9889

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: 5275

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: 13
Views: 1829

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: 774

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: 1291

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: 5275

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: 5275

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: 5869

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: 4887

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: 2472

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: 4887

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: 4634

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: 1311

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: 10260

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: 433

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: 7136

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: 2804

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: 2979

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: 4239

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: 6545

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: 2001

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...

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