Search found 378 matches

by Riprap
Tue Aug 01, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA: if known result, why complete?
Replies: 44
Views: 2886

Re: FAFSA: if known result, why complete?

I never filled out FAFSA and my child never applied for a scholarship...yet received an academic scholarship for a large instate university anyway. The amount covered roughly 85% of tuition provided GPA remained at 3.00 or better. BTW, the scholarship was used for all eight semesters and now child h...
by Riprap
Sun Jul 30, 2017 10:22 am
Forum: Personal Consumer Issues
Topic: Ever been sued?
Replies: 12
Views: 1908

Re: Ever been sued?

Many lawsuit settlements include a non-disclosure agreement which may mean that many people that were in lawsuits would not respond to this thread. While the outcome and disposition of the case might be subject to a non-disclosure agreement, the lawsuit itself is a matter of public record. Small to...
by Riprap
Sun Jul 30, 2017 8:27 am
Forum: Personal Consumer Issues
Topic: Ever been sued?
Replies: 12
Views: 1908

Re: Ever been sued?

Yes. Lawyer(s) from homeowner's insurance company took care of the whole mess. The plaintiff's case was so weak, a settlement wasn't even considered. It was a non event for me. After filing the initial claim and providing the information the insurance company requested, I wasn't even involved. I got...
by Riprap
Thu Apr 13, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Extreme Frugality vs Living Life - Where do you draw the line?
Replies: 77
Views: 9755

Re: Extreme Frugality vs Living Life - Where do you draw the line?

At what point does frugality become counter productive ? I don't think there's anything extremely frugal about a billionaire choosing to own only one home. Bad example. I thought it was widely known that Buffett had a "beach" home in Socal. http://www.mercurynews.com/2017/02/20/warren-buf...
by Riprap
Wed Dec 21, 2016 11:36 am
Forum: Investing - Theory, News & General
Topic: Sudden increase in VG TSM dividend
Replies: 19
Views: 3138

Re: Sudden increase in VGTSM dividend

Sorry for posting the wrong link. :oops:

As Emily Litella was known to say, "nevermind"

https://youtu.be/OjYoNL4g5Vg
by Riprap
Tue Dec 20, 2016 6:56 pm
Forum: Investing - Theory, News & General
Topic: Sudden increase in VG TSM dividend
Replies: 19
Views: 3138

Re: Sudden increase in VGTSM dividend

That link shows quarterly dividends that range from $14.10 to $16.63. Mine just jumped from 2K to 3K!! The dividend for Dec 2016 is $.123/share versus $.110/share in Dec 2015 for a 11.82% increase. I think the numbers you may be looking at are the NAV for the shares. You need to consider new purcha...
by Riprap
Tue Dec 20, 2016 5:02 pm
Forum: Investing - Theory, News & General
Topic: Sudden increase in VG TSM dividend
Replies: 19
Views: 3138

Re: Sudden increase in VGTSM dividend

Seems reasonably consistent to me compared to prior year's quarters with some modest growth.

https://personal.vanguard.com/us/funds/snapshot?FundId=0113&FundIntExt=INT#tab=4
by Riprap
Fri Dec 16, 2016 9:16 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2621
Views: 836920

Re: What Book Are You Currently Reading? Part VI

The Fleet at Flood Tide: America at Total War in the Pacific, 1944-1945 by James D. Hornfischer.

Currently 4.5 stars from Amazon reviewers.
by Riprap
Mon Dec 05, 2016 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 166
Views: 23542

Re: Retirement with $8M in investments

At 53, with relatively high market valuations and three kids to send to college (and help with grad school perhaps?), I think it's a big mistake to tap into principal right now in oreder to spend 4% of your investments. However, it's not as simple as some suggest. This^ My guess is you're soul searc...
by Riprap
Mon Dec 05, 2016 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 166
Views: 23542

Re: Retirement with $8M in investments

Leaving whether or not you're wealthy aside, you're correct to carefully consider your moves in the context of the lifestyle you want to live. If you blow your investment portfolio by spending beyond your means, divorce, lawsuit etc., you'll likely never recover. Preventing catastrophic mistakes is ...
by Riprap
Mon Nov 28, 2016 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Why does the car dealer say leasing is cheaper than buying?
Replies: 72
Views: 8832

Re: Why does the car dealer say leasing is cheaper than buying?

jabberwockOG wrote:negotiating and executing a smart car purchase (which is also extremely difficult for most consumers to pull off).


Just curious, what is a smart car purchase in your opinion?
by Riprap
Sun Nov 27, 2016 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Why does the car dealer say leasing is cheaper than buying?
Replies: 72
Views: 8832

Re: Why does the car dealer say leasing is cheaper than buying?

I have never leased, but this seems like a simple NPV calculation. Discount cash flows (lease payments) and terminal value(s) to present.
by Riprap
Sun Nov 27, 2016 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning to Distribution Phase
Replies: 10
Views: 1942

Re: Transitioning to Distribution Phase

Well...I guess I totally misunderstood what the OP was asking. It seemed like the matter of asset allocation was settled and presumably as a CPA wasn't asking about tax considerations. I thought he was asking about the process of moving money from point A to point B. :oops:
by Riprap
Sat Nov 26, 2016 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning to Distribution Phase
Replies: 10
Views: 1942

Re: Transitioning to Distribution Phase

I always use money market accounts to fund cash transfers. All my dividends in taxable accounts are directed to a money market account. I would estimate how much cash you will need on a monthly basis and then use the distribution yield report by the fund to see if the cash flow will be adequate. If ...
by Riprap
Tue Nov 15, 2016 8:38 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 88
Views: 15077

Re: Muni bonds are getting killed. Are you bailing out?

There is some trickiness involved with selling muni bonds at a loss: If tax-free interest is received on shares held 6 months or less, which is subsequently sold at a loss, then the basis of the shares must be decreased by the amount of the exempt interest in calculating the loss (on Form 8949, Sale...
by Riprap
Fri Nov 11, 2016 9:16 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 331
Views: 61474

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

People who have "stealth wealth" probably created it themselves. They place a high emphasis on value. Examples: a time piece still gives the time regardless of the cost whether it's from the ubiquitous cell phone or a luxury watch. A plain home provides the same shelter as a McMansion. A w...
by Riprap
Fri Nov 04, 2016 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 8187

Re: Frustrated with Health Insurance Premiums for 2017

If someone can't afford health insurance because they don't have a job, then the solution is quite simply to get a job. If it's just an inconvenience for them because it is taking up cashflow, then you won't find much sympathy anywhere. There are places where there will likely be no ACA policies av...
by Riprap
Fri Nov 04, 2016 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 8187

Re: Frustrated with Health Insurance Premiums for 2017

Can you somehow create your own risk pool? I wonder if a group of folks in this category could create an entity whose sole business is to sell access to the group. Each member who buys access to the group is also an employee who does nothing. The only employee benefit would be health insurance. I h...
by Riprap
Fri Nov 04, 2016 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 8187

Re: Frustrated with Health Insurance Premiums for 2017

blueberry wrote:If you don't like ACA get a job with an employer that provides or subsidizes (with invisible gov't subsidy) insurance. How simple is that?


So your solution for someone who doesn't need or want a job is to get a job to have access to insurance. Brilliant. Thanks for the helpful advice. :beer
by Riprap
Fri Nov 04, 2016 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 8187

Re: Frustrated with Health Insurance Premiums for 2017

shainy wrote:with health insurance premium, all the money is going down the drain.


Let's be clear, what ACA brought us isn't insurance anymore. No one should expect to collect on an insurance policy.

I feel your pain. :(
by Riprap
Fri Nov 04, 2016 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 8187

Re: Frustrated with Health Insurance Premiums for 2017

I have a grandmothered plan that will cease at the end of 2017. Right now, the alternatives (if one is even available) are bleak. I do not understand the reasoning of allowing grandfathered plans to continue indefinitely, while grandmothered plans have to terminate. I am grandmothered, not grandfath...
by Riprap
Mon Oct 24, 2016 11:03 am
Forum: Investing - Theory, News & General
Topic: Dr. Bill Bernstein Books
Replies: 40
Views: 4339

Re: Dr. Bill Bernstein Books

I think his most recent series of mini books is a better place to start than his older material. I haven't read the Investor's Manifesto, but the idea of a liability matching portfolio was not discussed in his earlier work if I recall correctly. I think over time he has a shift in his thinking as to...
by Riprap
Sat Oct 22, 2016 10:52 am
Forum: Personal Consumer Issues
Topic: Cheapskate for not flying business class?
Replies: 81
Views: 7869

Re: Cheapskate for not flying business class?

I think that certain people who have saved their entire life retain a desire deep down to receive value from every purchase they make, even if they can afford it. If the upgrade to business class is not valuable to you, don't do it. Spend money on things that genuinely make you happy or make your l...
by Riprap
Thu Oct 20, 2016 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Bruce Steiner on James Lange Radio Show
Replies: 5
Views: 1319

Re: Bruce Steiner on James Lange Radio Show

patriciamgr2 wrote:I have learned a great deal from bsteiner's posts on the Forum.


I agree 100%. He's a very valuable contributor here.
by Riprap
Sun Oct 16, 2016 11:14 pm
Forum: Investing - Theory, News & General
Topic: Margin of Safety (Chapter 20)
Replies: 9
Views: 1245

Re: Margin of Safety (Chapter 20)

I do believe the forum's namesake Mr. Bogle used similar reasoning around the time of the internet bubble when he compared the equity market's P/E or rather 1/(P/E) earnings yield to that of bonds. Clearly at that time it was a no brainer to someone like Mr. Bogle who can apply rational logic that t...
by Riprap
Sun Oct 16, 2016 10:42 pm
Forum: Investing - Theory, News & General
Topic: Margin of Safety (Chapter 20)
Replies: 9
Views: 1245

Re: Margin of Safety (Chapter 20)

The bond yield is in the denominator because the question at hand is whether there is a margin of safety investing in stocks. Think of it this way, the interest payment (yield) of a bond is considered safer because in basic corporate finance structure bond holders are paid first. Bondholders are in ...
by Riprap
Sun Oct 16, 2016 10:06 pm
Forum: Investing - Theory, News & General
Topic: Margin of Safety (Chapter 20)
Replies: 9
Views: 1245

Re: Margin of Safety (Chapter 20)

(9-4)/4 * 100% = 125%

or "over 100%" per Ben Graham
by Riprap
Wed Aug 03, 2016 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Switch from Allstate to Amica/USAA?
Replies: 34
Views: 2822

Re: Switch from Allstate to Amica/USAA?

I have been with USAA for over 31 continuous years for my personal insurance needs. I have reached the point where my annual subscriber's savings account distribution will pay my whole 6 month auto policy premium. If this sounds too good to be true, I will concede that the account was built up while...
by Riprap
Fri Jul 22, 2016 9:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. Stock Market Increasingly Detached from U.S. Economy
Replies: 19
Views: 2984

Re: U.S. Stock Market Increasingly Detached from U.S. Economy

In an interview in Barron's, Gus Sauter said, "A lot of people assume that market returns are driven by economic growth. But that's not really the case. A better predictor is valuation, or price-to-earnings ratios." http://www.barrons.com/articles/SB5000142405311190441400457802034014668717...
by Riprap
Mon Jul 11, 2016 10:37 am
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 9671

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

I think for some people whose withdrawal rate is fairly low, say less than or equal to SP500 dividend yield, this makes some sense especially if one has legacy goals in mind. In my mind, it's not much different than a business owner who has most of his net worth tied up in his business. A stock mark...
by Riprap
Sun Jul 03, 2016 6:59 pm
Forum: Personal Consumer Issues
Topic: Specifying type of room at cheap national chains?
Replies: 29
Views: 2722

Re: Specifying type of room at cheap national chains?

The construction of the typical national chain is a wood frame building with doors to rooms in a central hallway. This guarantees you can hear everything going on next door and above you. There is a univeral law that says when Riprap travels AND does not get a room on the top floor, he will be direc...
by Riprap
Tue Jun 14, 2016 1:39 pm
Forum: Investing - Theory, News & General
Topic: The 2.5% yield on the S&P500: a reason to celebrate?
Replies: 22
Views: 3215

Re: The 2.5% yield on the S&P500: a reason to celebrate?

I don't think the yield of the SP500 is anywhere close to 2.50%. It's more like 2.12%

http://www.multpl.com/s-p-500-dividend-yield/
by Riprap
Sun Jun 05, 2016 8:09 am
Forum: Investing - Theory, News & General
Topic: Howard Marks presentation
Replies: 20
Views: 2613

Re: Howard Marks presentation

I always enjoy listening to Howard Marks. The memos he posts are well worth reading. https://www.oaktreecapital.com/insights/howard-marks-memos He has also written a book that compiles a lot content from the memos he has written over the years. http://www.amazon.com/Most-Important-Thing-Thoughtful-P...
by Riprap
Fri Jun 03, 2016 2:26 pm
Forum: Personal Consumer Issues
Topic: What TYPE of books do you like to read?
Replies: 48
Views: 3155

Re: What TYPE of books do you like to read?

Non-fiction
History
Biographies
Reference materials related to hobbies
by Riprap
Thu Jun 02, 2016 7:15 pm
Forum: Investing - Theory, News & General
Topic: Got a Question for Jack Bogle? Post it Here.
Replies: 88
Views: 12748

Re: Got a Question for Jack Bogle? Post it Here.

Should I worry that Vanguard's culture will drift over time from your original vision, especially once your shadow no longer falls on the company? I'm concerned that Vanguard has grown too large and has been too successful and that it will be ripe for some sort of shenanigans. Are there safeguards i...
by Riprap
Sat May 21, 2016 4:33 pm
Forum: Personal Consumer Issues
Topic: Arrgghhh !!! Windows 10 installed overnight
Replies: 92
Views: 10595

Re: Arrgghhh !!! Windows 10 installed overnight

My laptop had Windows 8.1 and I kept getting the annoying window advising of the upgrade. I always clicked the red X to close the window, just ignoring the whole thing. Earlier this week, the window appeared and as usual I clicked the red X and then boom...the upgrade started. The timing was less th...
by Riprap
Mon May 16, 2016 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected issues: Cancer and Estate planning
Replies: 23
Views: 4014

Re: Unexpected issues: Cancer and Estate planning

He focuses on the two end points in leaving property to children, leaving assets outright and leaving assets in trusts that the child doesn't control, rather than the middle ground that makes the most sense in the majority of cases, leaving assets to the child in a trust that the child effectively ...
by Riprap
Mon May 16, 2016 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected issues: Cancer and Estate planning
Replies: 23
Views: 4014

Re: Unexpected issues: Cancer and Estate planning

He focuses on the two end points in leaving property to children, leaving assets outright and leaving assets in trusts that the child doesn't control, rather than the middle ground that makes the most sense in the majority of cases, leaving assets to the child in a trust that the child effectively ...
by Riprap
Thu May 12, 2016 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Career ambitions, life changes
Replies: 18
Views: 3836

Re: Career ambitions, life changes

Nice post Meg. Your husband is a very lucky man.
by Riprap
Wed May 11, 2016 9:25 am
Forum: Investing - Theory, News & General
Topic: WSJ Article Dividends Aren't the Answer, They're the Problem
Replies: 57
Views: 10213

Re: WSJ Article Dividends Aren't the Answer, They're the Problem

The cost, of course, is that you end up having worked longer and saved more than you needed and will almost certainly end up with a very large unspent estate when you die. That, also of course, is fine if doing something with that large estate is what you want to do. As you acknowledge, "cost&...
by Riprap
Wed May 11, 2016 8:40 am
Forum: Investing - Theory, News & General
Topic: WSJ Article Dividends Aren't the Answer, They're the Problem
Replies: 57
Views: 10213

Re: WSJ Article Dividends Aren't the Answer, They're the Problem

IlliniDave wrote:I'm hoping to get my withdrawal rate down to ~2% for ER. That way, I get to spend "just my dividend 'problem'" and be a "total return" investor all at the same time. I have no qualms about enjoying the best of both worlds.


Haha, I agree.
by Riprap
Mon May 09, 2016 9:43 pm
Forum: Personal Consumer Issues
Topic: Gifted math program for 1st grade
Replies: 66
Views: 8372

Re: Gifted math program for 1st grade

Here are some questions: Why not just let my kid be a normal kid in normal math? Is being in a "gifted" program in first grade really all that beneficial? Are other kids in the "gifted" program treated like geeks by the other first graders? Is there any evidence that not particip...
by Riprap
Sun May 08, 2016 1:27 pm
Forum: Investing - Theory, News & General
Topic: Another Bernstein Gem-Don't be Greedy
Replies: 42
Views: 8686

Re: Another Bernstein Gem-Don't be Greedy

Increasingly, it seems to me that "investing for a legacy" is a curious thing to do. L. I'm not so sure about that. There are plenty of lawyers who are very good at designing plans that do exactly that. The resurgence of "dynasty trusts" and easing of the rules against perpetuit...
by Riprap
Sun May 08, 2016 11:23 am
Forum: Investing - Theory, News & General
Topic: Another Bernstein Gem-Don't be Greedy
Replies: 42
Views: 8686

Re: Another Bernstein Gem-Don't be Greedy

Reubin wrote:So then, the more money that you have, the more you can put at risk safely. But why would you do that?


What's the difference between being greedy and investing for a financial legacy?

Assume withdrawal rate is low enough to not be a consideration.
by Riprap
Sun May 08, 2016 10:58 am
Forum: Investing - Theory, News & General
Topic: Numeracy and Wealth
Replies: 44
Views: 7117

Re: Numeracy and Wealth

Here's another example, directly related to investing, of an attempt to exploit the unwillingness to do the math. When I deposited a lot of money in a bank. the bank gave me a free consultation with a financial advisor. The advisor discussed general investment principles (60% US stock, 20% foreign ...
by Riprap
Sun May 01, 2016 2:41 pm
Forum: Investing - Theory, News & General
Topic: Classic Bernstein 1 — Asset Allocation and Time Horizon
Replies: 47
Views: 9075

Re: Classic Bernstein — Asset Allocation and Time Horizon

A) When you study the distrubution of returns looking at all possible timframes (since 1972, source data via the Simba spreadsheet), it's immediately evident that short-term returns are more uncertain than long-term returns . This part is not true. Well, it is true if you look at uncertainty of ann...
by Riprap
Sun May 01, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Best High-Yield Online Account for Emergency Fund?
Replies: 28
Views: 4310

Re: Best High-Yield Online Account for Emergency Fund?

Jason Zweig's WSJ column this week recommends taking a look at Goldman Sachs' offerings. He says Goldman is offering 1.05% for a savings account. From the article: "Earlier this month, ​Goldman Sachs — ​the Wall Street giant that has long personified wealth and power ​– ​began offering savings ...
by Riprap
Sun May 01, 2016 9:20 am
Forum: Investing - Theory, News & General
Topic: Classic Bernstein 1 — Asset Allocation and Time Horizon
Replies: 47
Views: 9075

Re: Classic Bernstein — Asset Allocation and Time Horizon

Bill Bernstein wrote:I largely agree with all the points, except that it's certainly still possible to totally destroy the economic and social fabric of a society without largely annihilating the population: See "Middle East."


Venezuela too.
by Riprap
Tue Apr 05, 2016 9:12 pm
Forum: Investing - Theory, News & General
Topic: Excellent but expensive investing books
Replies: 33
Views: 3409

Re: Excellent but expensive investing books

Margin of Safey by Seth Klarman. New at Amazon for the low price of $1,599.95 or the bargain used price of only $1,650.00

I have heard it's very good, but can't vouch for it personally.

http://www.amazon.com/Margin-Safety-Ris ... 0887305105