Search found 313 matches

by Riprap
Fri Dec 18, 2015 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Year-End Vanguard Dividends
Replies: 9
Views: 2428

Re: Year-End Vanguard Dividends

I just thought I would update this thread.

For the SP500 Index Fund (Admiral shares), the estimated dividend was $1.02 versus the $1.102 that will actually be paid, or about 8% more than estimated. In the past, I have found this underestimate to be generally true for all the equity mutual funds.
by Riprap
Sun Dec 13, 2015 9:54 pm
Forum: Personal Consumer Issues
Topic: Christmas Time : How to not appear rude
Replies: 67
Views: 7231

Re: Christmas Time : How to not appear rude

I ask my kids to give me the gift of some of their time. They seem to like the idea too. It is usually just a simple, mindless activity together with a chance to chat. I like to call it making memories.
by Riprap
Fri Dec 11, 2015 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Year-End Vanguard Dividends
Replies: 9
Views: 2428

Re: Year-End Vanguard Dividends

I think this was just posted today:

Estimated year-end distributions for Vanguard funds and ETFs

https://personal.vanguard.com/us/insights/article/estimated-yearend-distributions-122015

I would also add that in years past the estimate is generally lower than what is actually paid.
by Riprap
Sat Nov 14, 2015 5:02 pm
Forum: Personal Consumer Issues
Topic: we have a [feral or stray] cat - need help
Replies: 67
Views: 4296

Re: we have a cat - need help

wageoghe wrote:There are too many bad things that can happen to an outdoor cat. Like coyotes,


[OT comment removed by admin LadyGeek]
by Riprap
Tue Nov 10, 2015 2:09 pm
Forum: Investing - Theory, News & General
Topic: BOGLEHEADS 14 VIDEOS
Replies: 23
Views: 4363

Re: BOGLEHEADS 14 VIDEOS

Will you post a video of Gus Sauter's presentation? Yes!!! It's in the works. The difficulty is trying to incorporate the slides in a split screen. Gus's presentation was fantastic and thought provoking. I would also say that the Q&A and discussion afterward was fantastic! Due to the length of ...
by Riprap
Fri Oct 30, 2015 10:06 am
Forum: Investing - Theory, News & General
Topic: Invest in cattle futures?
Replies: 51
Views: 2963

Re: Invest in cattle futures?

Don't do it. Margin calls come at the worst possible time.

Futures are for hedging. Period.
by Riprap
Mon Oct 26, 2015 9:03 am
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 111
Views: 8968

Re: More advice for BigLaw Survivor, please?

You can see why it's a sweet deal that I'm finding difficult to part with . . . Taxes aside, you seem open to the concept of "status quo ante", which is, by definition, a good starting point for discussion. From time-to-time, doing nothing is better than doing anything else. As Jack Bogle...
by Riprap
Thu Oct 22, 2015 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 111
Views: 8968

Re: More advice for BigLaw Survivor, please?

Interestingly, I just now went back to my checking account and calculated exactly what I spent in the last six months through today excluding federal and state income taxes but including absolutely everything else. The total: $108,267. In the past six months we've made virtually no effort to cut ou...
by Riprap
Thu Oct 22, 2015 9:40 am
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 111
Views: 8968

Re: More advice for BigLaw Survivor, please?

I was only a partner for the last 10 years of my 27 year career. I spent about 8 or 10 years in an intermediate "counsel" position before the promotion, where I earned a good salary but not at a partner level. As a partner, my share of the profits (my salary) ranged from 450k to 850k, ave...
by Riprap
Tue Oct 20, 2015 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Is any of my capital at risk b/c of the Lawsuit
Replies: 22
Views: 2936

Re: Is any of my capital at risk b/c of the Lawsuit

Vanguard could raise its expense ratios to cover the liability, but then people could just move out of the funds. That's the scenario as a mostly taxable investor most worrisome to be. Massive selling to cover redemptions from fleeing mutual fund share holders triggering unnecessary capital gains. ...
by Riprap
Tue Oct 20, 2015 7:34 pm
Forum: Local Chapters and Bogleheads Community
Topic: Selected photos of my ride from Richmond, VA to Valley Forge, PA
Replies: 20
Views: 2291

Re: Selected photos of my ride from Richmond, VA to Valley Forge, PA

Thanks for sharing. Looking forward to your full journal of the trip. I think a historical biking tour on no particular schedule would be fantastic.
by Riprap
Sun Oct 18, 2015 2:19 pm
Forum: Investing - Theory, News & General
Topic: Any books for how people become wealthy?
Replies: 67
Views: 6860

Re: Any books for how people become wealthy?

Deleted. My comment was rude and pointless.
by Riprap
Sun Oct 18, 2015 8:59 am
Forum: Investing - Theory, News & General
Topic: Retirees doing 50/50
Replies: 35
Views: 4669

Re: Retirees doing 50/50

Two important factors are needed:

1) What is your withdrawal rate?
2) Do you plan to leave a significant financial legacy?

From most of the literature I have read on the subject, you could do a lot worse than 50/50 for a wide range of withdrawal rates.
by Riprap
Sat Oct 17, 2015 11:15 pm
Forum: Investing - Theory, News & General
Topic: Any books for how people become wealthy?
Replies: 67
Views: 6860

Re: Any books for how people become wealthy?

I highly recommend these books of historical figures. Many aspects of business and people skills are timeless. Autobiography of Benjamin Franklin is a good start http://www.amazon.com/Autobiography-Benjamin-Franklin-Thrift-Editions/dp/0486290735/ref=sr_1_1?s=books&ie=UTF8&qid=1445141018&...
by Riprap
Sat Oct 17, 2015 7:22 pm
Forum: Local Chapters and Bogleheads Community
Topic: Thank you Bogleheads Conference 2015!
Replies: 49
Views: 4720

Re: Thank you Bogleheads Conference 2015!

Any discussion of Danon's illegal tax shelter lawsuit at the conference?
by Riprap
Tue Oct 13, 2015 3:47 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Conference 2015 - Ride & Room Sharing
Replies: 14
Views: 1670

Re: Bogleheads Conference 2015 - Ride & Room Sharing

Raybo wrote:My bike comes apart and fits into a large suitcase that I check on the plane for $25.

I'll be happy to demonstrate how this works to anyone interested.


That that you have announced you're attending with your bike, fans of your journals will be expecting a full write-up with pics.
by Riprap
Wed Sep 23, 2015 10:51 pm
Forum: Investing - Theory, News & General
Topic: Bernstein's "Deep Risk" - A rare opportunity for inflation protection?
Replies: 56
Views: 7613

Re: Bernstein's "Deep Risk" - A rare opportunity for inflation protection?

I am curious if others who read the book have reconsidered how they built their portfolio? I have and have largely discarded the idea of rebalance bands back to an arbitrary stock/bond allocation. I will also say that Ellis' "Winning The Loser's Game" made me think more about inflation as...
by Riprap
Mon Sep 21, 2015 11:04 am
Forum: Investing - Theory, News & General
Topic: Wade Pfau on withdrawal rates
Replies: 76
Views: 6024

Re: Wade Pfau on withdrawal rates

Leesbro63 wrote:So what is the Wade Pfau SWR for Bogleheads?


Good question. I would like to know the answer to this too.
by Riprap
Fri Sep 18, 2015 8:54 pm
Forum: Local Chapters and Bogleheads Community
Topic: Where is the Munchkin Man?
Replies: 23
Views: 7019

Re: Where is the Munchkin Man?

The favorite post thread made me wonder about Muchkin Man. Any signs of him?
by Riprap
Fri Sep 18, 2015 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Other Blogs/Forums read by Bogleheads
Replies: 33
Views: 2842

Re: Other Blogs/Forums read by Bogleheads

Value Investing World - a blog dedicated to promoting the multidisciplinary approach to investing and development of – as Charlie Munger describes it – a latticework of mental models. http://www.valueinvestingworld.com/ Musing on Markets - Professor Aswath Damodaran at Stern School of Business NYU h...
by Riprap
Fri Sep 18, 2015 1:19 pm
Forum: Investing - Theory, News & General
Topic: Talk me off the Ledge
Replies: 73
Views: 6307

Re: Talk me off the Ledge

He said the average retiree can do very well living off the dividends by following this plan. I'm really baffled by this statement. I doubt the average retiree can amass a large enough fortune to live off of a 2% dividend. With a $1M portfolio, that's only $20K/year. I agree that for the average re...
by Riprap
Mon Sep 14, 2015 8:39 am
Forum: Investing - Theory, News & General
Topic: People who are tapping their retirement savings for living expenses need bonds
Replies: 32
Views: 2706

Re: People who are tapping their retirement savings for living expenses need bonds

stocksforthelongrun wrote:Here is the schedule I calculated for different drawdown rates and the portfolio that maximizes the range of outcomes at the end:

0% 100/0
1% 100/0
2% 90/10
3% 75/25
4% 55/45
5% 30/70
6% you die


Care to share your methodology?
by Riprap
Mon Sep 07, 2015 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance
Replies: 52
Views: 4952

Re: Umbrella Insurance

There is also a reason why these policies are so cheap. Think about it. I have thought about it. Probably over thought it. :oops: Compared to some of the numbers being thrown around, my policy is not cheap. I am in the process of getting more quotes, but for me the marginal cost for the next millio...
by Riprap
Mon Sep 07, 2015 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance
Replies: 52
Views: 4952

Re: Umbrella Insurance

It has always made sense that the amount of umbrella you carry should depend (in part) upon your exposed net worth . For example, if your exposed net worth is $10 million, it makes no sense to me to limit your policy to $1 million because the $10 million dollar pot may be too sweet for the plaintif...
by Riprap
Thu Aug 27, 2015 4:54 pm
Forum: Investing - Theory, News & General
Topic: Why buy high dividend fund during a correction?
Replies: 15
Views: 2440

Re: Why buy high dividend fund during a correction?

David Jay wrote:So it may be good in theory, but: In theory, theory and practice are the same. In practice, they're not.


Quote of the month. :beer

Should be your signature line. :D
by Riprap
Wed Aug 26, 2015 5:24 pm
Forum: Investing - Theory, News & General
Topic: John Greaney reviews Vanguard Personal Advisor Services
Replies: 14
Views: 2303

Re: John Greaney reviews Vanguard Personal Advisor Services

"Fee & Commission Shaft Detector" spreadsheet. :beer
by Riprap
Tue Aug 25, 2015 10:01 pm
Forum: Investing - Theory, News & General
Topic: Graham's "margin of safety" for US stocks (1-29-16)
Replies: 61
Views: 9839

Re: Graham's "margin of safety" for US stocks (6-29-15)

Thanks for reviving this thread. I have always struggled with which bond yield to use in making the comparison as seems to be the case in this thread. Graham says, "In the ordinary common stock, bought for investment under normal conditions, the margin of safety lies in an expected earning powe...
by Riprap
Sun Aug 23, 2015 9:20 pm
Forum: Investing - Theory, News & General
Topic: Historical Asset Returns & Future Returns
Replies: 35
Views: 2694

Re: Historical Asset Returns & Future Returns

Sometimes I just push back away from my desk mesmerized at the at the intellect expended pondering the unknowable.

...and then I get right back to reading :beer
by Riprap
Sun Aug 23, 2015 4:15 pm
Forum: Investing - Theory, News & General
Topic: Historical Asset Returns & Future Returns
Replies: 35
Views: 2694

Re: Historical Asset Returns & Future Returns

I think I will always remember a quote from Gus Sauter from an Oct 2012 interview in Barrons, " 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. Right now, the market is about ...
by Riprap
Sun Aug 23, 2015 8:44 am
Forum: Investing - Theory, News & General
Topic: Creating a permanent legacy?
Replies: 53
Views: 5969

Re: Creating a permanent legacy?

That's why the GST exemption is limited. It was originally $1 million. It's now equal to the estate tax exclusion amount, currently $5,430,000. For most people, the exception swallows the rule, and is sufficient to cover their entire estate. They can leave their entire estate in trust, and if one g...
by Riprap
Sat Aug 22, 2015 10:32 pm
Forum: Investing - Theory, News & General
Topic: Creating a permanent legacy?
Replies: 53
Views: 5969

Re: Creating a permanent legacy?

... Let's assume the GST exemption was used when creating a dynasty trust (or an irrevocable GST trust in a state with rules that essentially make it a dynasty trust). Through good fortune, the trust has grown exponentially through let's say four generations. Let's also say that all the income the ...
by Riprap
Sat Aug 22, 2015 10:03 pm
Forum: Investing - Theory, News & General
Topic: Creating a permanent legacy?
Replies: 53
Views: 5969

Re: Creating a permanent legacy?

bsteiner, Great intro., but I think the OP is asking about trusts that last multiple generations or forever beyond the grantor. Can you speak a bit about dynasty trusts or point us in the direction of the basics, i.e. articles or books? Any suggestions on corporate trustees would be useful as well....
by Riprap
Thu Aug 20, 2015 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend Growth Investing vs Three Fund Portfolio
Replies: 20
Views: 1443

Re: Dividend Growth Investing vs Three Fund Portfolio

I am interested in no. 2. - supporting retirement from a 100% stock dividend portfolio. I think if you can withstand a 50% reduction in dividends without seriously affecting your lifestyle...go for it. Bernstein's Deep Risk and Ellis' Winning The Loser's Game drive home the point that inflation ris...
by Riprap
Thu Aug 20, 2015 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend Growth Investing vs Three Fund Portfolio
Replies: 20
Views: 1443

Re: Dividend Growth Investing vs Three Fund Portfolio

I think that dividend growth investors believe that through their superior prowess, the gross amount of income from dividends will be more since they will exclude corporations who don't pay a dividend. This may be true, but says nothing about long term total returns. Dividend investors will almost a...
by Riprap
Wed Aug 19, 2015 4:28 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1345
Views: 276459

Re: What Book Are You Currently Reading? Part VI

The Outsiders: Eight Unconventional CEOs and their Radically Rational Blueprint for Success by William N. Thorndike, Jr.

Spoiler: One of the CEOs is Warren Buffett
by Riprap
Wed Aug 19, 2015 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited farmland - what to do next
Replies: 23
Views: 2265

Re: Inherited farmland - what to do next

Riprap - I've considered the family partnership route and potentially leveraging 2/3 of the total investment but I would hate to cause issues if my investments go south. The brother that would have the 1/3 may also pull money out without paying it back thus leaving me to pay the bills while expecti...
by Riprap
Wed Aug 19, 2015 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Inherited farmland - what to do next
Replies: 23
Views: 2265

Re: Inherited farmland - what to do next

Is it possible to form a family partnership entity which owns the land? You could be a 2/3 partner and then use your 2/3 share as collateral to "leverage" into other ventures. This keeps the land whole and also provides an estate planning tool. However, the brother with the other 1/3 share...
by Riprap
Tue Aug 18, 2015 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited farmland - what to do next
Replies: 23
Views: 2265

Re: Inherited farmland - what to do next

Can the land be split into more than once parcel? Buy the brother out who wants to sell and then split the land up.
by Riprap
Tue Aug 18, 2015 12:45 pm
Forum: Investing - Theory, News & General
Topic: Should you own foreign stocks?
Replies: 67
Views: 4680

Re: Should you own foreign stocks?

If I’m not mistaken, around 23 companies in the S&P 500 are no longer US flagged corporations. I have always assumed that the SP500 is considered 100% domestic stocks. This factoid further blurs the lines between foreign and domestic. I wonder what the cap weight is of those 23 companies? Regar...
by Riprap
Tue Aug 18, 2015 8:40 am
Forum: Investing - Theory, News & General
Topic: Should you own foreign stocks?
Replies: 67
Views: 4680

Re: Should you own foreign stocks?

Nice article. I am having trouble understanding the effect of the so called tax inversions on what is considered a foreign company. As U.S. companies relocate their tax domicile to another country...are they still domestic or are they foreign? Does the exchange a company is listed on determine wheth...
by Riprap
Wed Aug 05, 2015 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 128
Views: 14410

Re: $13 Million Goal for Early Retirement (am I crazy?)

letsgobobby wrote:This means money that could have been spent by you will not be.

Exactly.

I appreciate your thoughtful post, you make many excellent points.
by Riprap
Wed Aug 05, 2015 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 128
Views: 14410

Re: $13 Million Goal for Early Retirement (am I crazy?)

I'm embarassed that someone would come to this forum, ask for advice, and have a large share of responses be accusatory of the OP for not being truthful. Folks, if you disagree with the premise, no need to waste your time replying My sentiments exactly. But then again, my withdrawal rate goal as an...
by Riprap
Thu Jul 30, 2015 8:29 pm
Forum: Personal Consumer Issues
Topic: Getting Hawaiian shave ice on the East Coast
Replies: 21
Views: 1439

Re: Getting Hawaiian shave ice on the East Coast

I agree it does sound awkward, but that is generally what the item is called - at least in Hawaii. See from Wikipedia: Shave ice or Hawaiian shave ice is an ice-based dessert made by shaving a block of ice. While the product can resemble a snow cone, snow cones are made with crushed, rather than sh...
by Riprap
Thu Jul 30, 2015 7:14 pm
Forum: Personal Consumer Issues
Topic: Getting Hawaiian shave ice on the East Coast
Replies: 21
Views: 1439

Re: Getting Hawaiian shave ice on the East Coast

Is it me or does "shave ice" sound awkward? It's ice that has been shaved. Doesn't "shaved ice" sound better? Snow cone sounds even better to me.
by Riprap
Tue Jul 14, 2015 2:26 pm
Forum: Investing - Theory, News & General
Topic: Dividend stock investing or Total Return?
Replies: 41
Views: 3019

Re: Dividend stock investing or Total Return?

I use 100% equities in this strategy, but my perpetual income bucket is less than half of my retirement savings. The rest is parked in total return index growth and value. I'm confused by this. If you have 100% equities, where do the buckets come in? Cash you're spending doesn't know where it comes...
by Riprap
Tue Jul 14, 2015 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Investment value and when/if to convert all to bonds
Replies: 13
Views: 1010

Re: Investment value and when/if to convert all to bonds

Otherwise bond holding in taxable accounts can be a puzzle. ^This I do have munis in taxable accounts and I take into consideration the combined effects of federal and state income taxes. There are complicating taxable factors in my situation that I would rather not go into. Suffice it to say, I th...
by Riprap
Tue Jul 14, 2015 12:00 pm
Forum: Investing - Theory, News & General
Topic: Dividend stock investing or Total Return?
Replies: 41
Views: 3019

Re: Dividend stock investing or Total Return?

LateStarter1975 wrote:I have not seen this topic addressed often in this forum.


Please tell me you're joking.
by Riprap
Tue Jul 14, 2015 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Investment value and when/if to convert all to bonds
Replies: 13
Views: 1010

Re: Investment value and when/if to convert all to bonds

I have an aversion to TIPS because I have an aversion to paying unnecessary taxes, something worth considering if the bulk of your investments are in taxable accounts. It's not what you earn, it's what you keep. :annoyed
by Riprap
Mon Jul 13, 2015 7:15 pm
Forum: Investing - Theory, News & General
Topic: Why do we care about price movements? Aren't earnings all that matter?
Replies: 44
Views: 3712

Re: Why do we care about price movements? Aren't earnings all that matter?

I fall into the camp that believes there are a few cases where one can invest almost exclusively in stocks and not worry about the price movements. I think Dr. Bernstein even says there are special cases where this is also true. I'm not sure the case where 40x annual living expenses is one of them, ...
by Riprap
Sun Jun 21, 2015 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 11 Million Dollar Gift
Replies: 80
Views: 13154

Re: Investing 11 Million Dollar Gift

Hi. Thanks again for all the good advice. Some clarity points and questions. - I currently will be a cash gift, I did not receive it yet. - I am under the impression that when a gift is given in name to just me, my spouse (in NY) has no access or entitlement to it as long as I keep it in a seperate...

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