Search found 884 matches

by Boglegrappler
Fri Aug 18, 2017 1:18 pm
Forum: Personal Consumer Issues
Topic: Powerball - $510 million?
Replies: 62
Views: 3506

Re: Powerball - $510 million?

You always should take the lump sum. I don't believe lottery annuities are full faith and credit of the states and even if they were, its better not to depend on entities where they could decide to, or have to, default. Buying tickets makes decent sense to me, in moderation. I had a finance prof who...
by Boglegrappler
Mon Aug 07, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Seems like both Stocks and bonds have equal risk now...
Replies: 26
Views: 3144

Re: Seems like both Stocks and bonds have equal risk now...

For younger investors, and older ones who have more than a 10 year horizon, read pages 17-19 of
http://www.berkshirehathaway.com/2011ar/2011ar.pdf

Risk has more than one definition.
by Boglegrappler
Mon Jul 17, 2017 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Milestone: 20 Times Annual Expense
Replies: 95
Views: 8835

Re: Personal Finance Milestone: 20 Times Annual Expense

Boglegrappler, <<Being able to save half of your after-tax pay requires either stunning austerity, or a rather high income.>> Or, none of the above. I came from a country/culture where the average gross rate for the whole country is 30+%. It is how we live. It is part of our culture. And, that is n...
by Boglegrappler
Sun Jul 16, 2017 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Milestone: 20 Times Annual Expense
Replies: 95
Views: 8835

Re: Personal Finance Milestone: 20 Times Annual Expense

Not happy about uttering a discouraging word here, but........ Being able to save half of your after-tax pay requires either stunning austerity, or a rather high income. It does, however, put you in a position to be independent and also to live from your assets income rather than consuming it and wo...
by Boglegrappler
Thu Jul 13, 2017 12:57 pm
Forum: Investing - Theory, News & General
Topic: Buffet's Top 10 Letters?
Replies: 2
Views: 581

Re: Buffet's Top 10 Letters?

Read pages 17-19 of the 2011 letter. Read it repeatedly over time, and focus on the next to last paragraph if you want to get a veiled glimpse into what Buffett thinks might happen in the future. Keep in mind that he takes decades long views of things. The 2012 letter has a good discussion of divide...
by Boglegrappler
Mon Jul 10, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Job opportunity - increase in compensation but also much longer commute
Replies: 25
Views: 1954

Re: Job opportunity - increase in compensation but also much longer commute

The proper way to evaluate incremental commuting time from a new residence or to a new workplace is to use a realistic estimate of the extra time spent beyond what you now spend commuting, and then look at that as a fraction of your current discretionary time. Sometimes it's not a fraction.
by Boglegrappler
Mon Jul 10, 2017 10:46 am
Forum: Personal Consumer Issues
Topic: what happened to new KO roses?
Replies: 20
Views: 1414

Re: what happened to new KO roses?

I've got lots o those plants. Some that are in the rear of my property, closer to deer, and with more full sun, have not done well. Some that are closer to the house, with only 4-6 hours of direct sunlight, have flourished unbelievably, and do produce blooms prolifically. This year I've been sprayin...
by Boglegrappler
Sun Jul 09, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice on Graduate School
Replies: 14
Views: 1396

Re: Seeking Advice on Graduate School

Northwestern and Chicago are two top MBA programs. The right question is whether the employment opportunities are the same for the part-time graduates vs the full-time program. That is a question of facts and statistics that should be available. It's possible that the part-time programs are filled u...
by Boglegrappler
Sat Jul 08, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice on Graduate School
Replies: 14
Views: 1396

Re: Seeking Advice on Graduate School

They promised me that if I am with them for at least couple more years – I will receive a small share of the company. It's hard to criticize comments like this without knowing specifics. But..........it's my experience that owners of businesses view their businesses like their children. They aren't...
by Boglegrappler
Fri Jul 07, 2017 8:59 pm
Forum: Investing - Theory, News & General
Topic: "Bond wipeout has just begun"???
Replies: 84
Views: 11741

Re: "Bond wipeout has just begun"???

multi year rally? More like a multi decade rally. You do realize that we've had a 30 year bond bull market starting in 1980 (or possibly end of 70s) because interest rates were in the double digits then and came down to essentially 0% during/after the Great Recession? interest rates fall, bond pric...
by Boglegrappler
Mon Jul 03, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: BRKB Stock [Berkshire Hathaway Inc. Class B]
Replies: 26
Views: 2699

Re: BRKB Stock [Berkshire Hathaway Inc. Class B]

The B of A deal is old news, by years. Its getting some publicity now because he's going to convert his convertible preferred into common now that the yield on the common has risen because of the dividend increase. My portfolio suggests that today's action is a shift out of the higher growth stocks ...
by Boglegrappler
Mon Jul 03, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Another health insurance question - term life
Replies: 8
Views: 386

Re: Another health insurance question - term life

Twenty years is probably long enough. The bigger issue is the amount. You need enough insurance to cover the out-of-pocket cost of education that you would otherwise pay, Plus an amount that would cover the necessary child care expenses that your spouse would pay to enable them to work. If your spou...
by Boglegrappler
Fri Jun 30, 2017 4:37 pm
Forum: Investing - Theory, News & General
Topic: BRKB Stock [Berkshire Hathaway Inc. Class B]
Replies: 26
Views: 2699

Re: BRKB Stock

I personally wonder what would happen to the valuation placed on BRK the day that something happens to either WB or CM (and will CM decide to retire the day that something happens to WB or vice-versa?). Without getting personal, this point is, once again, not well founded. (Although its shared by m...
by Boglegrappler
Mon Jun 19, 2017 9:10 am
Forum: Personal Consumer Issues
Topic: Good camera - new baby coming
Replies: 64
Views: 4169

Re: Good camera - new baby coming

The effect that you are talking about comes from using a camera set up that creates a narrow "depth of field" , which means that the distance range over which objects are in focus is very small. Objects in front of the focus range are blurred, as are objects beyond the focus range. It's no...
by Boglegrappler
Thu Jun 15, 2017 3:36 pm
Forum: Investing - Theory, News & General
Topic: Is it safer to invest in gold or bond funds?
Replies: 30
Views: 2094

Re: Is it safer to invest in gold or bond funds?

I return to my recommended guide for understanding things through Warren Buffett's prism.

See mid-page 17-19. http://www.berkshirehathaway.com/letters/2011ltr.pdf

This really is worth reading over and over.
by Boglegrappler
Thu Jun 15, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 5475

Re: Curious to odd estate question

It's worth pointing out that, even if he could convert all of his savings to cash and burn it, that would give a benefit to everyone else's cash, albeit very small when spread over the entire money supply. Its the opposite situation of someone being able to print their own money, which harms everyon...
by Boglegrappler
Thu Jun 08, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: Buying a House with an Old but Working Roof
Replies: 19
Views: 1188

Re: Buying a House with an Old but Working Roof

It all depends on the facts and the specifics of the house. I bought a house years ago with the inspector saying the roof should have a maintenance program began to extend its life. In fact it was near the end of its life, and we replaced it a couple of years later. I more recently sold a house with...
by Boglegrappler
Sun Jun 04, 2017 9:30 pm
Forum: Investing - Theory, News & General
Topic: "Beware Fake Stock News"
Replies: 15
Views: 2288

Re: "Beware Fake Stock News"

Interesting.

The others are quite a bit less institutional involvement, and in all of the cases it looks like much/most of the ownership derives because the stock is/was part of an index. IMO, another good reason to stick to the larger indices like the 500.
by Boglegrappler
Sun Jun 04, 2017 2:55 pm
Forum: Investing - Theory, News & General
Topic: "Beware Fake Stock News"
Replies: 15
Views: 2288

Re: "Beware Fake Stock News"

Agreed. Looking at the companies mentioned in those articles, I doubt that there was ever, ever , any "institutional" interest in them. It's too obvious to educated investors that they aren't real companies. It's the reason that their capital raising occurs through the channels that it does.
by Boglegrappler
Sun Jun 04, 2017 10:49 am
Forum: Investing - Theory, News & General
Topic: "Beware Fake Stock News"
Replies: 15
Views: 2288

Re: "Beware Fake Stock News"

What will they think of next? Actually, stock research written by the big brokerage houses is a variation of this. If you as an analyst write a bearish report on a company stock, you have endangered your firm's ability to do underwriting for the same firm. So if you badmouth company X, when company...
by Boglegrappler
Wed May 31, 2017 8:30 am
Forum: Investing - Theory, News & General
Topic: "Four Timeless Lessons" by Mark Hulbert
Replies: 8
Views: 2473

Re: "Four Timeless Lessons" by Mark Hulbert

Can't really agree with no. 3. If one can beat the market in the long run by more then a few percentage points they should have a statue erected in their name or should be on the front of a cereal box or maybe a holiday named after them. It is probably as often as any of those situations happening ...
by Boglegrappler
Tue May 30, 2017 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: How to buy brk.a? [Berkshire Hathaway Inc. Class A]
Replies: 24
Views: 3316

Re: How to buy brk.a? [Berkshire Hathaway Inc. Class A]

Since BRK.B shares do not have voting rights, would BRK.B shareholders be invited to the annual meeting? BRK.B shares do have voting rights. But the shares don't care the same level of vote that the A shares do. See the Definitive 14A (also known as the proxy statement). This is one of the disadvan...
by Boglegrappler
Tue May 30, 2017 9:31 am
Forum: Investing - Theory, News & General
Topic: Buffet - The Wrath of Ebit
Replies: 32
Views: 4415

Re: Buffet - The Wrath of Ebit

Buffet earlier in his career used to attack index investing, saying why would you buy a little of every business in town when you could buy only the best ones. Now he suggests it's the ideal way for most of us to invest. Learner indeed. People who are really good at things literally can't understan...
by Boglegrappler
Mon May 29, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: First Post - Inheritance
Replies: 11
Views: 1457

Re: First Post - Inheritance

Condolences for your loss. If it happens that you and/or your sister were joint owners of the house prior to your mother's death, that would mean that you only inherited your mom's portion of the house, since you already owned your portion. In that case the tax would only be payable on that third, o...
by Boglegrappler
Sun May 28, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Need help before receiving inheritance
Replies: 18
Views: 2626

Re: Need help before receiving inheritance

FYI: The IRS does not consider pre-school tuition eligible since the tuition payment has to be made to an "Eligible Institution" (college). What is an Eligible Educational Institution? An eligible educational institution is a school offering higher education beyond high school. It is any ...
by Boglegrappler
Fri May 26, 2017 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Individual Stock - Apple & Pharmaceutical
Replies: 22
Views: 2090

Re: Individual Stock - Apple & Pharmaceutical

It makes a lot of sense if you're already planning to donate money to charity. Yes, potentially, but it depends on what you think is going to happen to the donated investment in the future. Someone who donates old GM stock before the union bailout is making a good decision compared to using cash, s...
by Boglegrappler
Thu May 25, 2017 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Can I really pay no capital gains on $100k?
Replies: 31
Views: 6313

Re: Can I really pay no capital gains on $100k?

You cannot. IT doesn't work that way. The bracket you are in includes your capital gains income.

Use turbotax or another program and you'll see how it works.
by Boglegrappler
Fri May 19, 2017 9:05 am
Forum: Investing - Theory, News & General
Topic: The Case for Dividend Stocks in Retirement (article)
Replies: 92
Views: 10594

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: 9241

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: 5529

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: 2111

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: 855

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: 2083

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: 32
Views: 4415

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: 6484

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: 6551

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: 6484

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: 939

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: 6484

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: 6484

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: 2505

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: 516

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: 3786

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: 516

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: 858

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: 1520

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: 5941

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: 14659

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: 7533

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: 159
Views: 18090

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 ...