Search found 349 matches

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: 2409

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: 7513

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: 2067

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: 2701

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: 1910

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: 2155

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: 82
Views: 9284

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: 8624

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: 3506

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: 3506

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: 3318

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: 9279

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: 9279

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: 6823

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: 7638

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: 7638

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: 6384

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: 7189

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: 3533

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: 7189

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: 2967

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
by Riprap
Tue Mar 08, 2016 9:19 am
Forum: Investing - Help with Personal Investments
Topic: What happens to Dividend Yields when the stock market tanks?
Replies: 5
Views: 969

Re: What happens to Dividend Yields when the stock market tanks?

1) If you go to Yahoo finance and enter the symbol of the fund you're interested in, you can then click historical prices and further sort to dividends. I have found this to be the easiest way to find dividend history. 2) There was a dip in the dividends of Vanguard 500 fund during the "great r...
by Riprap
Sun Mar 06, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Income tax preparation cost?
Replies: 22
Views: 1737

Re: Income tax preparation cost?

They don't want your business anymore. That's their way of telling you.
by Riprap
Wed Mar 02, 2016 10:32 am
Forum: Investing - Theory, News & General
Topic: What is your target portfolio size?
Replies: 66
Views: 7508

Re: What is your target portfolio size?

2Birds1Stone wrote:I spent just under $20k last year all in. This included quite a few vacations, a bunch of triathlon related expenses, and eating out about once a week, hitting a happy hour once a week.


Dang... At $13k/yr my health insurance premium alone is 2/3 of your total annual expenses. Well done! :beer
by Riprap
Wed Mar 02, 2016 9:26 am
Forum: Personal Consumer Issues
Topic: Don't understand nutrition and exercise
Replies: 340
Views: 27864

Re: Don't understand nutrition and exercise

However, what I neither expected nor am happy about, was (and to a lesser degree still is), criticism of me ("You are too thin" or "You must be starving yourself" or "You must be sick"). Many overweight or obese folks have the gall to criticize my eating and exercise h...
by Riprap
Tue Mar 01, 2016 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-exempt muni bond fund vs. individual muni bonds.....
Replies: 8
Views: 740

Re: Tax-exempt muni bond fund vs. individual muni bonds.....

...here we go again. :| I was surprised to see Suze Orman mentioned in the first paragraph of the Wiki. https://www.bogleheads.org/wiki/Rolling_ladders_versus_bond_funds edited to add that I once believed individual bonds were superior to bond funds as well. I think it's a common belief.
by Riprap
Mon Feb 29, 2016 9:09 am
Forum: Personal Consumer Issues
Topic: Watching Oscars with kids
Replies: 34
Views: 3031

Re: Watching Oscars with kids

Purely anecdotal, but the kids from my childhood and the kids my children grew up with who were overly protected and shielded tended to have problems adjusting later in their lives when the parents had little or no control. (Shrug) Kids hear stuff. Kids see stuff. I might have been seven years old t...
by Riprap
Sun Feb 28, 2016 11:01 pm
Forum: Personal Consumer Issues
Topic: Watching Oscars with kids
Replies: 34
Views: 3031

Re: Watching Oscars with kids

If your 11 year old attends public school, the language on the Oscars is likely mild by comparison. Sheltering kids that age seems kind of pointless to me provided you take the time to teach them right from wrong.
by Riprap
Sun Feb 28, 2016 5:32 pm
Forum: Investing - Theory, News & General
Topic: Buffett's Annual Investor Letter is out
Replies: 87
Views: 12262

Re: Buffett's Annual Investor Letter is out

"If you invested in a very low-cost index fund where you don't put the money in at one time but average in over 10 years you'll do better than 90% of people who start investing at the same time" Thanks for the reference. I'm not sure I have the same interpretation as you. In my opinion, M...
by Riprap
Sun Feb 28, 2016 3:35 pm
Forum: Investing - Theory, News & General
Topic: Buffett's Annual Investor Letter is out
Replies: 87
Views: 12262

Re: Buffett's Annual Investor Letter is out

Buffett suggests that investors average into stocks over a period of 10 years, so a lump sum having 10%/year being added to stocks. Which becomes fully loaded after 10 years, and over 30 years (long term) averages 85/15 stock/cash (bonds). I would be much obliged if you would provide a reference fo...
by Riprap
Wed Feb 24, 2016 9:32 am
Forum: Investing - Theory, News & General
Topic: Today's Market Open supposed be Brutal...........
Replies: 44
Views: 4303

Re: Today's Market Open supposed be Brutal...........

JCE66 wrote:Let's say I had some play money and I believed that the S&P would decline by more than 15% by 12/31/16 from today's valuation. What is the financial vehicle I use to make that bet?


LEAPS might work for you.

http://www.investopedia.com/terms/l/leaps.asp
by Riprap
Wed Feb 24, 2016 9:04 am
Forum: Investing - Theory, News & General
Topic: "The 60/40 Portfolio Mix is Dead in 2016"
Replies: 36
Views: 5858

Re: "The 60/40 Portfolio Mix is Dead in 2016"

To me it's notable that in one account I have where the number of shares have remained static since 2010, income from the SP500 fund has INCREASED 83% whereas the income from the intermediate tax exempt bond fund has actually DECREASED. Mind you, this is a static number of shares; the dividends and ...
by Riprap
Thu Feb 18, 2016 12:46 pm
Forum: Personal Consumer Issues
Topic: I do not know how to back up my computer
Replies: 72
Views: 5167

Re: I do not know how to back up my computer

Suppose your operating system is fried (damaged on the computer hard disk), then what would you do? How would you restore working software such as MS Office, your internet browser, Explorer, and the works? Since this has actually happened to me, I was able to re-download working software (Quickbook...
by Riprap
Thu Feb 18, 2016 12:30 pm
Forum: Personal Consumer Issues
Topic: I do not know how to back up my computer
Replies: 72
Views: 5167

Re: I do not know how to back up my computer

Simply copying files to a backup disk is not really a backup. One will want the capability to restore the files, too. That's why using Backup that came with the computer is easiest. Ok, I'm going to show how little I know too. What's the difference between a backup where you restore files and simpl...
by Riprap
Wed Feb 17, 2016 7:13 pm
Forum: Investing - Theory, News & General
Topic: Harry Markapolous warns of 3 new ponzi schemes maybe brokerage?
Replies: 17
Views: 1837

Re: Harry Markapolous warns of 3 new ponzi schemes maybe brokerage?

Doubtful it is Vanguard. Just for kicks, I went to Morningstar's Deere & Co. ownership page. Vanguard is the second largest institutional owner with 5.95% of the company. First is Cascade Investment Llc (Bill Gates) with 9.14%. I'm guessing you would see something similar with just about every p...
by Riprap
Tue Feb 16, 2016 2:03 pm
Forum: Investing - Theory, News & General
Topic: Investing Website You Follow
Replies: 16
Views: 2147

Re: Investing Website You Follow

Value Investing World generally has a link or two to something interesting.

http://www.valueinvestingworld.com/
by Riprap
Fri Dec 18, 2015 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Year-End Vanguard Dividends
Replies: 9
Views: 2642

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: 8233

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: 2642

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: 5214

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: 4809

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: 3439

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: 10135

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: 10135

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: 10135

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: 3185

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: 2529

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: 7616

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: 4945

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: 7616

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&...

Go to advanced search